The Brookings register. [volume] (Brookings, Brookings County, S.D.) 1903-1971, 1918-12-26

monty from Is to 20 per cent. 1t is,
therefore, clear. that a clever sales
man, who could average the sale of
only 800 share per day, would make
q profit of from SIS to $25 a day, or
much better earnings in all probable
ity than he would be able to obtain
in any other line of business. A stu
dent in one OF these statesmen schools
reports the following statement from
the instructor:
THE sales manager gave US a talk
on financial conditions in this country
as well as in Canada, dwelling partic-
ularly on the fact that there never
has been a time when all the suckers
have so much money as they have at
present. He said as soon as the local
stuff (stock) is disposed of, there will
be a manufacturing project with sew
eral millions of stock to sell, which
will be located at -"
The Liberty Bond holdings of both
the farmers and the city dwellers are,
as secret service reports made to the
hAh''A - va Ntpbtd toou'G
for this district indicate, the objective
toward which a considerable number
Of doubtful enterprises are now NOV
ing, and it is probable that unless
holders Of Liberty Bonds are warned,
that there will be a raid of consider
able proportions upon their holdings,
and nan of the bonds which should
remain as an investment in the hands
Of their present owners will be taken
over by promoters in exchange for
worthless or doubtful stock or securi-
ties.
The existing capital issues commit
tee in Washington and its branches
will have an active life terminating
six months after the presidents proc
lamation announcing the treaty Of
peace. 1t will exercise supervision
over all issues of securities as before,
with the exception that its jurisdic-
ton over issues not exceeding $780,
900 has been suspended. There is a
strong probability that the president,
acting under the authority contained
inrecent financial legislation of cor
gress, will delegate to the treasury de-
partment of the United States new au-
thority to control dealings in Liberty
Bonds, especially those of an objec-
tiOnable character. In the meantime;
it is the consensus Of opinion of men
who are familiar with the present sit
uation, that Liberty Bond holders
should be advised that their bonds
have a definite value ~fluctuating with
the market from day to day. They
should be warned not to deal with trav-
cling stock peddlers or buy stock or
securities except through reputable
banks and investment houses or from
agents having standing and reputa-
ton and established in business local
ly. They should be cautioned, if
prompted by necessity to sell their
bonds, to first take the %precautiOn Of
with their local banker and
obtaining the market quotations.
If the average investor had know
ledge of the methods employed by
those interested in promotion schemes
he would hardly countenance any
proposition involving the exchange of
Liberty Bonds for stocks, or in any
event not until the proposition had
been submitted to the judgment of the
local banker.
Banking and, business conditions
throughout the district remain much
the same as during the previous
month. A favorable fall permitted the
to accomplish a large amount
of work, and with satisfactory spring
there will be an encourag-
ing outlook for a large crop acreage.
A resumption of building activities
is impending, but will depend to a
extent upon the cost of material
nd the cost of labor. Probably no
great activity is to be looked for prior
to the close of the winter.
Wv, s. S.