Mohave County miner and our mineral wealth., 1922-09-15
|QABSUN, statistician t tii'GcS
 ID on Business Conditions

Wellesley Hills, Mass, Sept. 9, 1922.-A great many of our readers have Liberty Bonds and wonder if it is not time to sell them. When they went down into the sos people were frightened and threw them over. Now that they have come up to par, and better, the same people are buying more. This is a queer little world
 In view of the situation Roger w Babson issues the following state. ment:
 "It is true that the time to buy bonds is when no one else wants them
 and the time to sell bonds is wher everyone wants them. Hence, strongly recommended the purchase o1
 Liberties two years ago when they were selling in the sos. l am not
 quite convinced. however, that the
 time has yet come for selling them
 even tho they are acting rather queer
 ly at the moment. ......
 People are worrying as to what eff. feet the railroad and coal strikes, ano other industrial disturbances will have on the price of Liberty Bonds, Amer.
 ica's greatest and most popular in. vestment. It would be only natural
 that these disturbances should depress
 the price of Liberties little; but sucf affect would be only temporary Money is destined to be even cheaper than it is today, and interest rates will continue fairly low for some time to come. This means that banks will again come into the market to buy Liberty Bonds. These purchases by the banks, together with the purchases of the Government, must keep the price up and quite likely force still higher prices. Therefore, I definitely advise readers to hold their Liberty Bonds believing that they will ulti. mately sell for higher prices. Be pre- pared however, for a possible tenn porary decline in order not to be panic-stricken if such temporary de- cline takes place.
 "The Fourth 4A's are today selling at little over par and are callable at par in 1888. Readers can be pretty certain that the bonds will be called at that time. This means that on the 18th of October in the year 1883 hese bonds will sell at par. Not one per cent above or one per cent below. With a constant interest rate between now and then the bonds should be at their highest point about 1927 or half way between now and their calling date. The same rule applies to all of the different issues with their var, ,ous maturities. Of course, it is very likely that the Government will provide some general refunding scheme before all of the various issues of Liberty Bonds are due or even callable. But if so, such a plan will be favorable to the holders. I certainly advise readers to hold their Liberty Bonds until such a refunding announcement is made.
 After selling Liberty Bonds be careful in what you invest. A great many money sharks will be on the surface of the water looking for fish when this refunding plan is put into operation. People are already travel ing about our cities hunting up hold CTS of Liberty Bonds and offering to swap for them various kinds of stock. Beware of such men. Don't talk to them or even listen to them! Shun them as if they had smallpox. When you wish to invest money ask the bank, where you have your savings account, to recommend some good in vestment firms. Go to them; tell them your condition, and put them on their honor to protect you and your family. In ninety-nine cases out of a hundred you will get good honest advice which will be worth money to you. When our Liberty Bonds become due or are called for payment, follow the same course. Either put the money in tl,e 'avings bank or invest it in secur:- ;ies which al good investment house There are plenty of ;uch good reliable houses.
 "One need not wait until his Lib 'rty Bonds become due before getting } little experience in investing. Under he present system of selling high :rade securities in $100 and $500 de- nomination, it is now possible to pur- hase good bonds from reliable invest nent houses with only small amount o invest. To buy one of these "baby 'onds" is very practical means of both saving money and becoming in crested in securities. This is not something which should be done when securities are high as is the case when he Babsonchart shows business to be considerable above the normal line, Today, however, with business about per cent eblow the normal line, such securities should be worth more in