The Caldwell tribune. [volume] (Caldwell, Idaho Territory [Idaho]) 1883-1928, 1919-05-16

small quantity subscriber, rather than
in the reluctance of the hanks and
large financial interests to do their
full share.
Americans know a good investment
When they see it, and never before has
an opportunity been presented to Sc
cure an investment bond of 4N per
cent, backed by the wealth of America
and good faith of the government of
this nation. 1t is. furthermore, an
opportunity that will not be repeated,
and as an evidence of the appreciation
OF that fact it is only necessary to re-
fer to the steady advance in the out
standing Liberty bond issues. With
the exception of the first 3Hs, which
are in direct competition with the 3M
tax-exempt bonds, a gain of more
than point was registered during
the past week by all of the Liberty
issues
A feature of the investment market
during the coming months will be the
| presence of representatives of for
! eign enterprises for the purpose of
| floating industrial bond issues in this
country. Recently the agents of a
very large Italian manufac curing con-
Germ have made proposals for a S.
100000 credit, to run for three years
at s per cent, and have stated their
willingness to deposit Italian govern
ment bonds as collateral. This cred
it, when it is arranged, will be used
| mainly for the purchase of steel pro-
ducts. Representatives of the Ru-
manian government have submitted
| proposition for the government to
issue its bonds in dollar denomina-
tons at 6 per cent interest, for ma
turtles from three to twenty years
the bonds to be deposited with Amer
lean banks and to be paid, interest
and principal. in American money
Greece has already suggested to
American banks the possibility Of
floating an issue of $5,OO0,0O0 Of
Greek nationals. The Greek govern
ment is anxious to have some Amer
| lean banks underwrite the offering
which will be in bonds of the internal
Greek issues. A delegation of Poles
is now en- route to the United States
for purposes of opening up financial
and commercial relations with thi:
country, and some private interests If
Belgium, quite distinct from the
group which month or so ago nego
tiated the $50,OOO,OO0 acceptance cred
it, are said to be making inquiries II
the financial district These issues, i
floated, will add to the investment
opportunities for American capital.
| Ease in the money market was az
important factor during the last weel
of the campaign, rates for all matur
tiles having been marked down to thu
lowest levels. Call money at 3H pc
cent is indicative of good size'
loanable surplus on the part of, tn
commercial banks, and is a logica
fore-runner of favorable stand il
the time market Cheap money is al
ways conducive to a heavy specula
tive position, and should. this continue
it will be logical to look for unusua
activity in the stock markets.
Il The business situation in the Unit
ed States has improved very MUCH il
the last month, and the outlook ia en-
couraging. 1t is very great gain t.
have dissipated the atmosphere Q
pessimism which was prevalent i
, February, and that has been accom-
plished in large degree. The ide
that the bottom was about to drop on
, of all markets, and that grave pc
Rod of unemployment and perhap
, social disorder was pending, is n
longer entertained. Trade in all line
devoted to construction. Unemploy
, ment is decreasing and systematic e.
forts to place every workman in fiel
of profitable employment have me
with good success. Bank clearing:s ar
. running far ahead of the records {
: other years, indicating healthy II
1 crease in domestic trade.