The Caldwell tribune. [volume] (Caldwell, Idaho Territory [Idaho]) 1883-1928, 1919-05-23
Business and Finances
BY w. S. Cousins. Editor American Benker

ity prices before engaging actively in
manufacturing, etc. 1t is now felt
tnat commo ditv prices have about
raiien as low as can be expected for
some time. and with the prospect of
easier money decided Improvement
is looked for in the business world
AS to just what extent the United
States will be called upon financially
to assist the devastated regions Of
Europe is not known at the moment.
out 1t goes without saying that the
volume of this borrowing will play a
prominent part in the American mon
ey market. Plans are already being
formulated by both American and
European financiers looking to solu-
ton of this vital problem, but it is
doubted whether anything tangible
will result before late"summer or fall
Congress
AS rule, general or special SEES
sion of congress is regarded as a bear
factor, not only in the stock markets.
but in the domain of general business
and industry in the United States. It
is, therefore, somewhat contrary to
general custom that the special .ses-
sion, which is now about to COM
mence. is so favorably regarded
throughout the country For the
first time in many years congress
meets with the hope and expectation
that it will be able to provide a solu-
ton for many of the problems which
have been sorely taxing the resources
of business men.
OF first importance is the problem
OF railroad financing. but this will
not by any means, absorb the entire
time and attention Of our federal leg
islators. The new congress will be
called upon to provide ways and
means for the financing Of a great
many large propositions, some of
them directly connected with govern
ment enterprise and some vitality af-
fectine private business in its many
ramifications.
Stock Market
Wall street is busy section these
days. if not the busiest in the whole
ness days the sale of stocks on the
New York Stock Exchange has ex-
ceeded one million shares and on the
majority of days sales have been
nearer million and a half. This is
an EXTRAORDINARY record ana one
which taxes the facilities of the trad
| ing mechanism almost to the limit.
A feature of the market this week
has been the renewed interest in
metal stockd, especially silver and
copper. A sensational rise in the
price of silver was the first result Of
the putting into effect of the new
policy of the federal reserve board tc
permit the export of the silver bull
| lion and silver coins of foreign mint
age. Silver in London was bid up tc
| SD. per ounce, equivalent to $l.l9N
cents, compared with a previous high
of $1.01. This is. the highest price
for the white metal in London since
1877 and the highest quotation If
New York since 1890 under the effect
of the silver purchase act of that year
Very little business is, however, beine
transacted at current rates.
There is an improved tone in thu
copper market and continued de
mand for the red metal in all branche:
of the trade. The larger producer:
and sellers are quoting 1870 pei
pound for spot and Nav shipment ant
l6c for June and July. The smaller
interests are not quoting on futures
but they are generally naming leve
of 15A per pound for spot and nearby
shipment. The reports which hav'
been made concerning inquiries iron
foreign interests are regarded by stu