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Show BOOM IS OVER. Just now there is little disposition upon the part of the general public to speculate, especially in the war special-tics. special-tics. In the first place all money is worth around five per cent and the bankers are not at all anxious to put it out in Wall street. Then, the offensive of the allies is making headway and suspicion has been aroused that the war may not last many months. This would mean the end of munitions contracts and big profits and the consequent decline de-cline in value of the war stocks. As there is no prospect of another boom in these securities speculators do not want them and invostors will not take them at anything like the quoted values. Those who invested in war stocks at! top prices are easing them onto the market and taking their losses. This process will be repeated by successive holders in the course of the next few mouths, unless the situation changes, and by the time the war ends bottom will have been reached and all danger of a financial flurry averted. For once in its history Wall street is conservative. |