Premier Baldwin in a speech at Knowsley on theĪfternoon of July 25. Stretch more than one point in order to reach anĪgreement with Germany as to security for FranceĪnd her allies, and also as to other important international problem. The idea has been emphasized in London cableĪdvices for some time that Great Britain would Or the sudden collapse of the present excellent investment situation. This done there willīe no occasion to fear a premature slowing down ofīusiness, a turning of the balance against Europe, The need now is to curb excessive speculation without injuring either revivingīusiness or reviving Europe.
If allowed to continue, might easily change the situation for the worse. Under existing circumstances money is plentiful and rates cannot wellīe put up, but a reckless stock market speculation, Money rates down, not only to help business, butĪlso in order to help Europe. On the part of American business leaders to keep At present there is a most genuine desire The part of the United States in European reconstruction. There come a credit basis for a real co-operation on Intention and ability to balance their budget, did Restored to parity, and the French had indicated an These needs have long existed, but not until theĭawes program was in operation and the pound was That our cash balances will seek their higher rates. The United States, needs to have rates lower here, so All Europe in its endeavor to stabilize currencies, balance budgets and pay interest to Make it possible to keep the pound at par without aĭrain of gold. Rates lower in New York than in London in order to There have been great accumulations of cash resources, so that many former borrowers are now Transportation and larger use of automobiles. Growing efficiency in business methods, better rail Has been a quickening in business turnover through Buyers are cautiousīecause of not-forgotten bitter experiences. There does not appear to be danger of any general Many authorities lookįor continued good or improving business. In 1924, aggregated 1,010,970 in week ended July 18,Ī figure in excess of 1,000,000 for the first time soĮarly in the year since 1923. Loadings of revenue freightĬars, which this year have been steadily heavier than The second quarter by the United States Steel Corporation and other evidences point to improvement In securities in preparation for greater demand forįunds from business. Some of the most forward-looking banksĪre beginning to withhold funds from investment That 93.24 will stand as a high point for some time Reached its last high on June 23 1925, at 93.24. In May 1920, then recovering to 92.12 in Septemberġ922 and declining to 90.59 in December 1924, High in January 1917 at 96.25 and declined to 71.96 The Dow, Jones average of 40 corporation bonds, which reached a war It should not escape notice that investment bonds Those manipulating the market for higher prices areĪpparently still in control, and they appear to be as Market was again made to show renewed strength. Not such as to count for much, and yesterday the
Turn on Wednesday, running into Thursday, was Situation, and possibly affect adversely the course Will lead to a serious impairment of the general Or rather the speculative excesses, unless repressed, ThereĬan be little question that the present speculation, On April 3 last, after the drastic March liquidation,īrokers' loans were down to $1,700,000,000. Many of the specialties are being boosted inĪ way that furnishes real occasion for uneasiness. Were traded in on the New York Stock Exchange,Īnd numerous further sharp advances were broughtĪbout. July 30 were again at the peak figure of $2,100,000,000 while on Tuesday nearly 2,000,000 shares "Wall Street Journal," Stock Exchange loans on Presence of a rampant speculation on the StockĮxchange. The week has furnished renewed evidence of the President and Editor, Jacob Seibert Business Manager, William D.
Published every Saturday morning by WILLIAM B. 0.įront, Pine and Depayster Streets, New York LONDON Omen-Edwards dc Smith, 1 Drapers' Gardens, London, E. Gray, Western Representative,Ģ08 South La Salle Street, Telephone Harrison 5616. STATE AND MUNICIPAL (semi-annually) RANKERS' CONVENTION (yearly) Subscription includes following Supplements. Remittances for European subscriptions and advertisements must be made NOTICE.-On account of the fluctuations in the rates of exchange, Within Continental United States except Alaska
#Liquid notes 1.1.0.4 torrent full#
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