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Show AUTOMOBILE STOCKS One ot tho financial crazes of tho period Is Investment In automobile slocks. The moro succosstul eom-rnnles eom-rnnles nre making millions. Jinny n small investor Is tempted to draw savings out of tho bank, whero thoy aro now earning nn Inglorious four per cent, and take a flier. nut llko the war munition business it's a caso In which fools rush I" whero angels fear to tread. Tho blf? dividends suggest that the price of motor cars has not yot reached hard pan. It is universal rulo in buslnosi that big prollts can not continue indefinitely. in-definitely. I-nrgo gains stimulate competition. Tho cream has been taken off. Those who went In early havo grown fat. Thoso that go in now may fare on skim mlllc. Thoro Is a rush of new concerns In to the buslnoss. It has bcon a golden gold-en field. Ambitious foremen and superintendents aro looking for capitalists cap-italists to flnanco Utelr Ideas. Capitalists Capit-alists nro looking for chances to Invest. In-vest. Many new companies will bo formed to strugglo for tho spoil. Hcretoforo a car two or threo years old lacked some features of tho lato machines that seemed absolutely vital. vi-tal. Now tho new cars seem about perfect. It Is hard to see how thoy can bo much behind tho gumo even In five years. This should lead peoplo having a well mado car to hold on to It any longer. Tho extravnganco of constant con-stant trading oft machines for tho latest models will become apparent. As prices fall, peoplo of modcrato means buy tho machines. They pur-chaso pur-chaso with tho purposo of keeping their cars for a number of years. Tho demand created by tho Incessant rush for the latest models will fall off. With, now competition, less frequent fre-quent changes of cars, nnd closor prices, It seems as If tho bujtness, as far as profit goes, had passed tho high point of success. Thoso -who buy I motor stocks now should think of these tendencies. |