The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1922-04-24
h. NOT RELIEVE THERE WILL
m SLUMP IN MARKET FOE
some rCU
n Greatly morsassd Hum Dor Oh
BOND 1uysrs-Asans Auon
Greater Demand

Y.,l..,ev HIS. April 2:.-Roser W.
nson In dtscu ss!as the hccd s!;ua' '"n
kes the following statement
oJany INQUIRIES are cHnr!rS 20 10
rInr n bond prices have NOT yel
chad their Zenith. u Is known ina.
has been q considerable increase
ling the past few months. The aver
Of a Sroup OF standard investment
ida which stood at Isl = yc1r ago
Ia s5.7. Moreover tho bond adFer-
ny IN the newspapers SHOWS t"'
xe number OF offerings now he'as
De. Everything indicates DOL
market, Usually boiling T2r"'tS
followed by slump. do not pc
We. however. shat the pond "ar"S'
Il have slump FOR some time %
ne.
There are numerous factors which
helping :he bond situation. t!?sI -
willingness on the part OF the peo-
70 give more attention 70 the tunda-
|ntals OF nfe. During the wartime
cm people wen: crazy wi:h SHeHdiHE'
Proving and wasting. Ta!s !acE'c,hIE
to extravt ga ace. n efficiency. ana
shonesty. The peOp.c are TOW Se''''S
he error OF their ways THRIFT - 20
ay being substituted Eor cNtrIraSa0'e'
rnciency Is taking the Place OF !neth-
hency. and integrity IS again develop
hS in place OF dishonesty. All OF this
Means that more money is continually
valuable for permanent improvements
cad building. school houses. factories
] nd homes. THIS change for the ee''er
has lust begun. and hence - i'apie 70
continue for some years. II So there
will be a good bond market foE long
time TO come.
Number Of Buyers Greater
Another factor helping the eona
market Is the srea; increase IN me nun.
bsS OF bond buyers. Before The war
only a oloated gentleman with SIX
hat and a s!x-pound gold watch chain
vas suoosed TO be able 20 buy bonds
II Is true that in ;hose days tie large
OF bonds were bought BY the
idia rich whose principal occupation was
eltppinR coupons The war changed ms
entire situation. The var snccea sea
tae number OF bond buyers from about
100. 900 TO over a million. This also
neans that 50 per cent OF the bona
buyers are today producers, Not only
have the number OF holders Increased
but they are continually Increasing
their purchases per capita. mus toe
number OF bond buyers has nfen IN
creased ten fold while the oord-ouSins
Saes has been changed from 4 group
dls rieh 10 great mass OF pro-
np men and women.
rhls means that tho demand ror
as and the money available tor
as VIII increase from year TO year.
only fy IN the o'ntmeD: - the tax
srarn in Washington. Certainly
frees has fallen down IN It's e5orts
reduce taxation. II has abolished
excess profits tax: but has Increased
rAnsral corporation tax. md has
ntinuSd 70 lst sur-caxes remain az
hSir SrsSsnt aoor.naoiy high rate.
fJuiesS congress- rev!ses the TAX law,
aad carries out the prediction prom
IsAs Of both parties. the bond market
nav be adversely affected. Every other
factor IN the situation. however. points
10 continued better prices. and con-
continued activity In the bond market
sor months and perhaps years 70 come.
FIXTURES are already showing cal-
.nr or IN number. The crop situation
looks much better chan e DID. The
ss.es OF ;he mall order houses are
showing an Improvement for the drst
.!a,e N two o. :hree years. and me Sao-
sonchart. w.!rr aow sands 81 IS per
cent eelow norma. should begin 70
climb upward.