| Show HOLD YOUR STOCKS UNTil WAR IS OVER o When Conflict Ends American Amer Will VilI Be ican Investments ril L f Safest Safet in iii World orld 6 I HV os WALT J ir v r- r r Service New cw York Sept 2 Replacement of foreign investments In American merican stocks Is Js a a- feature of oC Wall al street business that promises to grow more important tant from froni day a to da day It I is small smal Just now oW but bankers ra say it Is sro growing in Thc The world sent our stoc s stocks stocks' home be before be- be I fore ore the war ar from Germany German and dur- dur lulI lul- I Ug the tho war scar from froni everywhere and now nO 1 wants ts them bask b The me reason i is if that that when when the war cn ends s American Investments Investments Invest Invest- est In ments will be the tho safest The reasons are arc well known even to tou to wel u the casual student of oC finance The deeper c one dl ls rs into the situation the themore themore themore more and the stronger reasons re for Ol this confidence does one find F For r that reason If for none other the o of i f the bankers In warning against a speculative celebration of ot the victories in n France must be approved Any Am great advance ance Just now however much it might be Justified by the values Involved in involved In- In would precipitate taking profit taking b by Investors who do 10 not Dot realize the vw t worth rth of ot their securities and would woul thus ten tend to a readjustment of ot loans might interfere with wih the Victory loan What Is needed ed no wis a calm dl dignified dig dig- under er per- per upward market kept un feet control In such a n market there no temptation to liquidate an and It also gives confidence to investment buyers It I makes no difference In the loan mar market markit t how hl high h prices arc pro- pro the same name fame persons remain owners for or then the old loans stand and nd the tho thoi thet i t gain in is s all al In equities But In reality there Is much unnecessary unnecessary ces- ces realty market InWall In InWall sary worry about the money far Wall Yal street for rol the Jo ernon governors of the exchange o could correct in five minutes if it II became serious The They require dally daily t clearances of stocks Bought and dal sold and daB dally daily settlements Sand and payments of balances Such a ax- ax Is chiefly chien for the benefit of or orthe the banks for fol It II makes a n greater reater de deman demand demand de- de man mand for mone money From London where men learned learne to tra trade e in stocks stock before there was a United States settlements are lre made only twice a month If H any person wants Avants his securities quicker he helan making private can lan always get et them h by yate vate settlement but not one bu buyer er In Ina ina a hundred wants Immediate settle settle- sette- sette m ment ent Such an arran arrangement ement would reduce the the strain on the loan market and nd fortnightly fortnightly fort- fort nl nightly settlements could be facilitated h by hy I arrangement ement with 1 11 i h the government 1 1 uia lat all ail al O ut j n- n the I most entirely as a factor in money market market The Tho few objections to such settlements settle settle- in comparison with ments are arc nothing the advantages 6 Only the banks want aan dally daily settlements The he banks arc are makIng makIng making mak- mak Ing elou enough h mone money these days a to surrender sur sur- render their a advantage ant e here as S a matter matter mat- mat ter of patriotism m patriot A As to the railroads it can bo ho said saidon saidon saidon on the authority of or a financier of first rank that the contracts will wll probably be he 1 signed ned within two weeks and sl signed ned tin in such shape as to secure Investors to to then them alt from loss and I that President ent Wilson intended to guarantee when he had hd the leasing leasin law passed These contracts are a necessary preliminary to the Victory Ictor loan campaign |
