The Bismarck tribune. [volume] (Bismarck, N.D.) 1916-current, 1918-12-09

commonly from - to 30 per cent. 1t
is, therefore, clear. that a clever sales
man who could average the sale OF
only one 500 share per day, would
make a profit OF from SIS to so a
day, or much better earnings in all
proba bility than he would be able TO
obtain in any other line OF business.
A student in one of these statesmen
schools reports the following state
ment from the instructor:
The sales manager gave us talk
on financial conditions in this coun-
try as well as in.Canada dwelling par
ticularly on the fact that there never
has been time when all the suckers
have so much money as they have at
present. He said as soon as the 10
cal stuff (stock) is disposed Of, there
will be a manufacturing project with
several millions OF stock to SELL,
which will be located at ---------.'
The liberty bond holdings of both
the farmers and the city jewellers are,
as secret service reports made to the
district committee on capital issues
for this district indicate, the objective
toward which a considerable number
Of the doubtful enterprises are now
moving. and it is probable that unless
holders of liberty bonds are warned,
that there will be raid of consider
able proportions upon their holdings,
and many of the bonds whldh should
remain as an investment in the hands
of their present owners will be taken
over by promoters in exchange tof
worthless or doubtful stock or secur-
tiles.
The existing capital issues commit
tee in Washington and it's 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 De-
fore, with the exception that its juris-
dictiOn over issues not exceeding
$4,000 has been suspended. There
is strong probability that the presl-
dent. acting under the authority con-
tanned in recent financial legislation
of congress, will delegate to the treas
ury department Of the United States
new authority to control dealings III
Liberty bonds, especially those OF an
objectional character. In the mean
time, it is the consensus OF opinion
| of men who are familiar with the
present situation, that Liberty bond
holders should be advised that their
bonds have definite value fluctuating
with the market from day to day.
They should be warned not to deal
| with travelling stock peddlers or buy
stock or securities except through
reputable banks and Investment hous-
es or from agents having standing
and reputation and established in bus
mess locally. They should be eau
toned, if prompted by necessity to
sell their bonds, to first take the pre-
caution of consulting with their local
banker and obtaining the market quo
tations.
If the average investor had hnowl-
edge of the methods employed by
those interested in the promotion
schemes, he would hardly counte-
nance any proposition involving the
exchange of Liberty bonds for stocks,
or in any event not until the propo~
sition had been submitted to the judg-
ment 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 farmers to accomplish large
amount of work. and with satisfac.
tory spring conditions, there will be
an encouraging outlook for a large
crop acreage.
A resumption of building activities
is pending, but will depend to a large
extent upon the cost of material and
the cost Of labor. Probably no great
activity is to be looked for prior to
the close Of the winter