OCR Text |
Show DOLLAR SECURITIES. The mobilization of American securities securi-ties by the government of Great Britain is having the desired effect, at least for the time being. The rate of exchange ex-change is higher than it ha.s been for some time and there is a chance of an approach to something like normal conditions con-ditions so long as these dollar securities are held upon the other side of the water. But as they are being put upon tb& New York market in a steadily increasing in-creasing volume there will be an awful drop when the supply is exhausted, which must inevitably happen if the war in Europe continues another year or two. Some idea as to the '"best sellers' ' among the dollar securities may be gained by reading over the list of bond issues which the British treasury is prepared pre-pared to buy nr borrow nuder the mobil-iatiou mobil-iatiou scheme. The list is largely made up of railroad bonds and we find the Uuiou Pacific, Ceutral Pacific and Oregon Ore-gon Short Line among the initial fifty-four fifty-four favored secu rities. which speaks volumes for the fiuancial condition and stability of these great systems traversing travers-ing the state of Utah. j As we said, the financial situation in London has been greatly improved by I the marshalling of the American bonds, but there is little change in war conditions condi-tions and chaos reigns in the realm of British politics. A rousing victory would work a vast improvement in the credit of Great Britain and her allies, ! for it would be taken as the harbinger of ultimate success on the field of battle. bat-tle. Settlement of the political discord would also have a marked effect. But in the natural course of events, with nothing upon which to build a hope for peace nt any time in the near future. Great Britain will sooner or later be brought face to face with a financial crisis which may involv e tbe bankruptcy of the nation. It all depends upon the duration of the struggle and the outcome. out-come. In the meantime the British government gov-ernment is extremely fortunate that so many hundreds of millions of dollars ' worth of dollar seeurit ies have been purchased in prosperous times by the British people and that they can be marketed mar-keted in the only country in the world having money enough to pay for them. just, " he says, do not believe that i Theodore Roosevelt will ever cume back. ' ' Roehe.-ter Democrat and Chronicle. |