davidaulloa/AmericanStories huggingface dataset:
The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1920-03-31

a publication divides the presiden-
tial candidates into two classes, those
who could be elected but cannot be
nominated, and those who can be
nominated but could not be elected"
Now where do Bryan and Poindexter
come in?
The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1920-03-31

The judiciary committee of the New
York assembly put in several weeks in
the work of ascertaining that the five
Socialist members are ineligible to
seats and then used 10000 words to
tell about it. Our system OF admin
istering public affairs seems to be
greatly in need of simplification.
The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1920-03-31

Tom lawson has been arrested.
The circumstance probably will call
for a series of magazine articles Of
fered in exclamation.
The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1920-03-31

but steadily, according to Bradstreet's
index number, based on the prices per
pound of thirty-one articles used for
food. which is s4.s2, compared with
s4.ss9 the previous week and $4.74 for
the week ending March %. 1919. This
shows a gain of six-tenths of 1 per
cent for the week and OF s.s per cent
over the like week of last year.
The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1920-03-31

Labor has won the first round In
the bout with an employer with the.in-
dustrial relations court acting as
referee. The court is meeting the ez-
psctations OF its friends IL not those
OF its enemies.
The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1920-03-31

Copyright. 1919, by the Wheeler Syndicate
Incl
The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1920-03-31

AS to our purview of the matter, IL
is that Miss Bara doesn't need to act.
me audience probably wouldn't get
IL II she did We, the people, do not
know much about acting. but we can
always grasp and appreciate the cerise
accessories of the primitive emotion.
The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1920-03-31

That is to say, nearly everybody ex-
cept General Woods publicity COM
Great Falls daily tribune. [volume] (Great Falls, Mont.) 1895-1921, 1920-07-25
FINANCIAL DIGEST
THE WEEK IN BUSINESS
BY THE TRIBUNE
BY THE TRIBUNE

| the winter and under such conditions
| It is not surprising that veterans in the
wool industry are nonplussed by the sit
uation.
The outlook may, however, not be so
forebodlng, ii market quotations from
the primary wool center of the nation,
Boston. may be accepted as worth com
rarison with former years. 1t may be
urged that conditions are properly mot
comparable to those of other years. yet
the forces that make the quotations
must make beginning and certainly
their conclusions may be put against their
conclusions of other years with a reas-
enable basis for believing if they Were
right then they are right now. In the
light of that argument, there should not
be too much pessimism among wool
growers. Prices may and probably will
not be what they were q year age, but
making the comparison on the basis Of
the Boston quotations July 20, 1915, and
July "a. 1920, it can be forecasted that
the percentage of drop from last years
prices. especially in the fine wool grades
win not be large and in the fine clothing
group. there should be little if any re
cession.
Little Price Change.
Study the following table and note
how little the change is at Boston:
Fine staple, 1920 price. 81 90 a
S17O; 1919 price S1.75 q $50.
Half blood combing, 1920 price, $l.5o;
1919 price, S1.55 a S1.65
n blood combing. 1920 price, 95c a
100; 1919 price. $1.25 a $50.
Fine clothing, 1920 price, $3.50; 1919
price, $40 a $3.50.
Fine medium clothing, 1920 price,
S1.45 a $50; 1919 price, S1.3o @
$40
Oregon eastern No. 1 staple, 1920
price, $1.65; 1910 price, $1.6S G
$172
Eastern clothing, 1920 price. Sis a
S1.50: 1919 price, S1.4O a S145.
Valley No. /, 1920 price, $50; 1919
price, 81 50 "a $1.5S.
Great Falls daily tribune. [volume] (Great Falls, Mont.) 1895-1921, 1920-07-25
New York Market
FINANCIAL.

New York, July 24.-Standard shares
of the industrial and railway divisions
had a tendency mainly toward higher
prices during today's short trading period.
Covering of contracts was accelerated by
prospects of an early solution Of the
acute situation in Central Europe.
Speculative shares, particularly low
priced automobile issues denoted pres
sures which settled mainly upon Max
well and Hupp motors, the former max
ing an extreme decline of almost five
points Oils of the better grade and
equipments rallied with rails at the
steady close. Sales amounted to $4,000
shares. Foreign exchange was responsive
to the better outlook respecting Russo
Polish relations, sterling raising almost
three cents over yesterdays lower quota
ton. Corresponding recoveries were made
by rates on France, Belgium and Ger
many.
Dealings in bonds were nominal and
without material alteration for leading
domestic or foreign issues. Total sales
par value aggregated So, LIE, 900.
Old United States bonds were unchang-
ed ON call for the week.
The surprise of the day was furnished
by the clearing house statement issued
after the close of the market. Actual
loans and discounts showed only trifl-
ing increase but a decrease Of $40, 700, 900
In reserves of members at the federal
reserve bank was accompanied by a con-
traction of about $53,500,o0o in actual
reserves. This not only wiped out the
previous weeks excess of slightly over
SOS, 900 900, but left a deficit below legal
requirements OF almost 100000.
Great Falls daily tribune. [volume] (Great Falls, Mont.) 1895-1921, 1920-07-25

amounts involved. The aggregate of new
securities issued in the first half of the
year reached the amazing total of S.
100000 as against 81, 1000, 900 n
the same period of 1919. Financing may
drop off considerable for the balance of
the year and yet set up new high record
for the II month period.
A feature of this years activity is the
unusually small amount Of securities is
sued for refllnding purposes, 81 per cent
as against 21.S per cent in the first six
months Of 1919. The largest part Of the
new money obtained this year was for the
purpose of industrial expansions and to
provide additional working capital made
necessary by reason of the high prices
Of war materials and other commodities.
In view of the fact that money has
been unusually tight throughout the first
half of the year, the absorption of new
securities by the public has been really
remarkable. Very few loans failed of
successful flotation. Those which are in
part still in underwriters hands are ex
pected to find a ready market when
money becomes easier. Some experts on
money conditions are inclined to feel
that the peak Of interest rates has been
reached and that from now on a lessen
ing demand for money for industries
will have a favorable depressing effect
upon interest rates.
Rolling Stock.
According to J. T. Townsend, traffic
manager of the National Tube company,
a million new freight cars will be need
ed within the next five years.
There have been various estimates
made as to the needs Of new equipment"
said Mr.. Townsend.
President Smith of the New York
Central estimates that 100000 new cars
will be needed this year, this equipment
to replace worn out rolling stock Pres
ident Markham Of the Illinois Central
estimates that 100000 new cars will be
reeded during the next three years
Mr.. Townsend argues for larger ca
pacity car and six wheel truck in place
Of the present equipment. He says that
railroads could he increased out Of ali
proportion to the increase in their in
vestment.
Crop Conditions.
Black rust has made considerable
Roadway during the past week, especially
in the eastern half Of South Dakota and
in southern Minnesota. This territory
has been unusually wet during the past
few months and the unfavorable weather
has apparently done much to help the
spread of this blight, Those districts far
enough along so that the wheat Is now 10
the dough will suffer only slightly. al
though the quality of the grain may be
cut down a grade or two. Traces Of rust
have also been found in North Dakota,
but apparently little damage has been
done thus far. Many of the valleys IN
Montana have wonderful crops, but in
northern Montana, especially in the west
ern and central portions, conditions are
not SO good. In the northeastern part
Of the state The crop has undoubtedly
been seriously affected by the dry wealth
err and rains are needed badly. This
condition also applies to northwestern
North Dakota, as well as in a number of
local districts throughout the state. The
condition generally throughout the four
states is very spotted.
some districts having excellent crops and
others very poor.
Great Falls daily tribune. [volume] (Great Falls, Mont.) 1895-1921, 1920-07-25
Chicago Market
GRAIN AND PROVISIONS.

Chicago. July 24-The drop in tenn,
perature over night, coupled with crippled
wire service to outside points due to
last nights wind storm and the lack
Of buying pressure, today sent prices on
all grains downward; At the finish
with December $257 and March $3.50.
Corn was Nc to 2Ac under yesterdays
close, while oats suffered a net loss or
to ~ cents Provisions varied from last
nights figures to 20 cents lower.
Wheat displayed heavy undertone
tendency for selling which was in excess
of requirements and export demand was
lacking. Reports from Bulgaria that
conditions there for agriculture were fav-
orable and that there would likely be
a surplus of grain from the present crop,
The sharp drop in temperature, 1t was
said, will prevent the spread OF black
rust which was reported In the north
west.
Corn and oats suffered material re-
cessions in sympathy with wheat.
power from the start. Local element was
inclined to press the selling side of both
grains and met with little opposition.
The selling by commission houses forced
the execution of scattered stop orders.
Provisions showed an easier undertone
Wheat--Deosmber: Open. s257; high.
$257h; low, S2.54&; close. $2.55. March,
$3.50; high, s2.s1; low. s25s; close. $3.50.
Corn-september: Open, 1881; high,
bss op son si Ss s Sieis slssa loR
oats-september: Open, 7s; high. .rsA;
low. .75A; close, .75A. December: Open,
.757s; high, TO; low, TAN. close, TAI.
Great Falls daily tribune. [volume] (Great Falls, Mont.) 1895-1921, 1920-07-25
MUNICIPAL BOND MARKET
JUST HOLDING ITS OWN.
By I-yjnu Wfitehouse.

Thanks to the usual July abundance
of funds available for investment, the
municipal bond market is just about
holding its own against the strong ten
dency toward higher interest rates. And
on the whole a fairly satisfactory vol
ume Of business in municipals IS being
completed. While it is fact that for
every new issue sold, another is offered
without success, it is also true that the
number of offerings is large. If all the
bonds which have been offered SINCE the
first Of the year had been sold the to
tai would exceed even that of the re-
cord year 1919.
New offerings By municipalities con-
tinue to accumulate rapidly. The supply
of authorized bonds is unheard of. Only
the condition of the market and the
legal obstacles which prevent many mu-
inequalities from meeting the market
rate for loans Is keeping in check q
vertable avalanche Of securities.
No Improvement in Sight.
1t is interestig to consider how long
such a situation is apt to exist A
slight Improvement in the market would
make possible the sale of hundreds of
issues now unmarketable. But no i'm
provement is in sight and to the accum-
ulation of bonds dating back two years
or more, there Is the constant addition
Of new issues which are being authoriZ-
ed from day to day. Counties, cities, and
towns grow just as do human beings.
Their civic needs grow with them.
Roads are forever giving out; water
works systems must be extended if they
are to keep pace with population growth;
school facilities are known to be gross
ly inadequate in many Of our largest
cities: All of which means more Dor
rowing, additional bond issues.
Need Higher Rate.
1t is rumored that at a special sec
sion Of the North Carolina legislature
to be held ext month, q bill win be con-
interest rate at which municipalities are
permitted to issue bonds to Z per cent.
Some such action is badly needed not
only in the state mentioned, but in every
state where present limit is per cent
or less and where sales below par are
illegal.
II the North Carolina bond act Is to
be brought before the attention of this
lawmakers, as reported, why not con-
requiring all bond issues to be advcr-
tised in New York. 1t is quite absurd
to enact such an excellent general bond
act as this state has now had for year
or two without some provision when
will make it impossible for bonds TO be
sold without proper publicity before the
bond dealers.
New Jersey Law.
We all understand the way the legls-
lature feels about taking any auverfis
ing away from local newspapers. But
why not copy the New Jersey law There
advertising is required in the local pa
per and also in financial paper pub
lshed in New York or Philadelphia.
The following are a few Of the "live'
bond quotations:
Great Falls daily tribune. [volume] (Great Falls, Mont.) 1895-1921, 1920-07-25
STOCK EXCHANGE.

New York, July 24.-The stock market
continued under professional guidance
this week, shorts making further in
roads against quoted values, mainly as
a result of fresh compilations in the
foreign situation.
Domestic aspects of the financial and
Industrial situation were not materially
altered though speculative interests pro-
fessed to derive some encoura GENE Mt
from the wage award of the railway
labor board and likelihood of early action
by the interstate commerce commission
on the application of the railway execu-
tives for higher freight rates.
Credit contraction made further head
way the local money market being again
bare of time funds, but call money was
in free supply at an average rate or
eight per cent.
Rumors OF over production in the auto
mobile trade and affiliated branches met
with denals, but the trend in certain
other lines of industry, notably textile,
lead and rubber was again towards cur
tailment OF production.
Great Falls daily tribune. [volume] (Great Falls, Mont.) 1895-1921, 1920-07-25
Stock Market
as seen by
Bulls q Bears
Reported by III. b. Lake & Co.

New York. July 24-some of the motor
stocks were subjected to quite little
the demand for pleasure cars has sub
sided materially and the action of the
various automobile shares seems to be
proved tone and 1t seemed to be the con-
census of opinion that yesterday late
decline was prompted chiefly by the
activities of the bear element. Shorts in
circulation today were to the effect that
an armistice had been put in effect on
the Polish front. This report was re-
Elected in the strength of the foreign ex-
change market. The foreign situation Is
being watched very closely Industrial
prices have declined rather sharply in
the past couple of weeks and 1t is thought
that the technical foundation of the most
departments Of the list has been improv-
ed to a good extent. Consequently we
feel that 1t may be the better part of
wisdom to make purchases in the event
of any further decline in values,
Great Falls daily tribune. [volume] (Great Falls, Mont.) 1895-1921, 1920-07-25
Livestock
Al CHICAGO.


Chicago, July 24,-Hogs. 5000; desirable
light and light butcher hogs steady;
others weak, mostly 10 to Is cents lower
than yesterdays average: bulk, s141oQ
$16.25; top, s16,4o; heavyweight 500
light s1425015so; heavy. packing sows
smooth 13.S5Q1430: packing sows rough
S13414; pigs, S1S,75G15.
Cattle: receipts, 1900; compared with
week ago, good to best yearling and
beeves 25 to IS cents lower; grass steers,
fat handyweight she-stock slow to ESQ
lower; heavy cows S6o TO $3.50 lower; in
ners slow, steady; bulls slow to Csc
lower; calves, sharply higher; vealers
showing 81 advance; stockers generally
higher
Sheep: receipts, 1000; practically all
steady, receipts direct and through COM
pared with week ago; western lambs
steady to 25c lower; better grades native
lambs mostly Csc lower; other grades Soc
to 75c lower yearlings SOC down; weth-
ers 26c to SOC lower: killing and breeding
ewes soc to 81 lower; feeding lambs
steady to strong.
Great Falls daily tribune. [volume] (Great Falls, Mont.) 1895-1921, 1920-07-25
NEW FINANCING SCHEMES
ARE BEING HELD FOR TIME.
BV Wells Dickev COMPANY.

The local bond market continues prac-
tically to mark time as far as new offer
ings are concerned. 1t is intimated IN
banking circles that while several inn
portant pieces Of financing, some Of
which call for millions of dollars, are be
ing considered. they are Likely to be held
in allegiance until the money market is
more settled and sentiment more cheer
full In the interval bankers are devoting
their attention primarily to the distri-
button Of issues recently brought out, aud
they claim that their efforts are meet
ing with satisfying success.
Bonds generally were rather erratic
in their market tendencies. Bonds Of
the stronger railroads in the country are
exhibiting a firmness almost sufficient to
cause citation on the part of the bond
holders. The slight appreciation which is
evident in some Of these Issues is encour-
aging in view Of the steady decline when
has been characteristic of recent months.
Turn TO investments.
1t is interesting to notice how the
security market seems gradually to be
swinging from speculative to an in
vestment angle This is not hard to I'M
cerstand when he condition of the stock
market during the past six months is tax
en- into consideration. Many buyers who
stock ventures Of one sort or another
have about concluded that there is little
hope of beating the game, and in con-
sequence, they are gradually directing
their interests to more conservative
lines. Then, too the present unusually
favorable price situation in the bond
market il having its effect. Although
money rates are so high that much con-
templated new financing is being Tempo
rarily held in waiting. old seasoned issues
are being traded in at prices which make
them unusually attractive from the in
vestors' standpoint. There seems to be
d waning interest in short-ti time high rate
notes and a gradual buying tendency to-
wards the long time security issues. The
Investor is beginning to wake up to the
fact that it is distinctly to his interest
to put his money to work at present
levels for just as long period as is prac-
ticable, thus making himself independent
of the future trend of interest rates.
Break Records.
During the first six months of 1920
corporate financing in the United States
broke all records. both as to the num-
Der Of new securities floated and the
Great Falls daily tribune. [volume] (Great Falls, Mont.) 1895-1921, 1920-07-25
AT PORTLAND.

Portland, July 14.-Cattle: steady; no
receipts. Choice grass steers, $40 .5od1o.eo;
good, $9Q10; fair to good, Ss.25as:
common to fair. $79s25; choice cows and
heifers, ssQs5o; good TO choice. S70s;
medium to good, $6G7; fair to medium
$500; Gamers, $89475; culls, S. 5or6. so:
choice dairy calves, s13@15: prime light
11.50Q18 medium light S9911: heavy
calves S749; best feeders $7.501S; fair
TO good S6@750.
Hogs, receipts 1856. steady Prime mixed
$lT91750 medium, S16.50QI7; smooth
heavy $ls@lb5o; rough heavy, $1oQts,
pigs, S12.5091550.
Sheep, receipts none, steady East of
mountain lambs S1I411.50; valley Sa25
Qt210,2s; culls lambs s7Is5o; ewes S2.25n
S6s yearling S6.50Q 7.6o; wether Se07.
Great Falls daily tribune. [volume] (Great Falls, Mont.) 1895-1921, 1920-07-25
ATT OMAHA.

Omaha. July 24-Hogs: receipts 800;
pers, steady; general market 25c lower;
close slow, 50 TO 80 cents lower; quality
common; bulk, $1S,6oQ14.5o: early top,
Cattle: receipts. $500; compared with
week ago, good and choice yearling
strong: others and heavy steers week to
% cents lower; grassy steers and butcher
cattle uneven, 251T5c lower; bulls steady;
good choice feeders steady; others 25Q75c
lower.
Sheep: receipts. none; compared with
week ago lambs Toe lower; sheep and
feeders mostly Csc lower.
Great Falls daily tribune. [volume] (Great Falls, Mont.) 1895-1921, 1920-07-25
\ n SUGAR PRICES,

New Orleans. La, July 24.-Granulated
sugar was being extensively retailed at
% cents pound here Saturday. One
dealer announced he would sell as high
as 100 pounds TO customer.
The Japanese liner Yekufu Maru ar
rived from Java with 100000 pounds OF
Java raws consigned to the American
sugar refining company
Great Falls daily tribune. [volume] (Great Falls, Mont.) 1895-1921, 1920-07-25
WEEKS BANK CLEARiNGS
UP TO SEASON AVERAGE,

Bank clearings for the week ending
July "a totaled $1,556,664 according to
the announcement of Edgar A. Newton.
manager Of the Great Falls clearing
house. That is very close to the average
for the last eight weeks.
Great Falls daily tribune. [volume] (Great Falls, Mont.) 1895-1921, 1920-07-25
MONEY.

New York. July 24-Mercantile paper
unchanged. Exchange strong.
Sterling, demand 3.78A; cables, 3T9.
Francs: demand, 1853; cables, 7.65.
Belgian francs, demand sol; ables, SOB.
Guilders, demand $3.50; acbles, 3452.
Lire demand sal; cables, CAB,
Marks: demand. go; cables, $50
New York exhange on Montreal 12A
per cent discount.
Great Falls daily tribune. [volume] (Great Falls, Mont.) 1895-1921, 1920-07-25
NEW YORK CLEARANCEs

New York, July 24.-The actual con-
dftion of clearing house banks and trust
companies for the week, shows that the
reserve held is s4.276, $50 below legal re-
quirements. This is Il decrease of $780,
512, $50
Great Falls daily tribune. [volume] (Great Falls, Mont.) 1895-1921, 1920-07-25
LIBERTY BONDS.

Final prices today we're: 3h's. 5000;
first As. $3.50; second As $3.50; first
as ssg.8s; fourth AIS. ss516: Victory
go IS, s95.74 bid; Victory AIS, S95.72.
Great Falls daily tribune. [volume] (Great Falls, Mont.) 1895-1921, 1920-07-25
AT SOUTH ST. PAUL.

South st. Paul, July 24-Hogs, receipts
100; steady; range, $1a415.25s bulk,
S1425G145o.
Cattle, 2oo killers, steady; fat steers,
s6@1550: cows and heifers, S750d1s.
calves, steady. $511s; stockers and feed
ers slow and steay. $4612.
sheep: receipts, none; steady; lambs Sc
0S1450; wethers, sos; ewes, S25o47.
Great Falls daily tribune. [volume] (Great Falls, Mont.) 1895-1921, 1920-07-25
RosToN CuRR CLOSE.
RITTER AND EGGS.

Chicago, July 24-Butter, steady; re-
eipts, 1880; creamery extras "a; others
unchanged.
Eggs, steady: receipts 1900 cases, I'M
changed.
Great Falls daily tribune. [volume] (Great Falls, Mont.) 1895-1921, 1920-07-25
NEW YORK SILVER.

New York, July 24.-Bar silver, do
nestle unchanged; foreign s1s; Mexican
dollars, unchanged.
Great Falls daily tribune. [volume] (Great Falls, Mont.) 1895-1921, 1920-07-25
LONDON SILVER.

London. July 24-Bar silver, 54l2 d per
ounce Money unchanged. Discount rates
spot bills per cent. Three months bills
6Ss per cent.
Great Falls daily tribune. [volume] (Great Falls, Mont.) 1895-1921, 1920-07-25

These are the days that fry mems
soles.-Greensboro Daily News.
Great Falls daily tribune. [volume] (Great Falls, Mont.) 1895-1921, 1920-07-25

Cotton-August S35.12.
Total sales: Stocks, 17S 800; Bonds, 3d.
$4,000.
Total sales weekly: Stocks, 2oo6,S0o
Bonds. S45. 32S, 900.
Great Falls daily tribune. [volume] (Great Falls, Mont.) 1895-1921, 1920-07-25
;Ew YORK COTTON

NEW YORK COTTON,
New York July 24.-Spot cotton quiet;
middling, AZ.
Great Falls daily tribune. [volume] (Great Falls, Mont.) 1895-1921, 1920-07-25
DULUTH LINsEED.
FRYING DAYS.

Duluth, July 24.--Linseed. $3.4o93.41;
arrive 1874.
The daily times. [volume] (Wilson, N.C.) 1902-1936, 1920-02-25
NO LYNCH|NGS
IN THE SOUTH
Within Few Years is Predic-
ton of President Motion
of Tuskegee
ASSURANCES GOVERNORS

Boston, Mass, Feb. 24.-Within
a few years there will be no more
lynchings of negroes in the South,
DR.. Robert Morton, the negro head
of Tuskeege Institute predicted in
an address here last night. He said
that the Governors of North Caro-
lima, Georgia and Tennessee, have
pledged themselves there will be no
lynchings in their states while they
are in office. AS an instance of
what they say and of the kindly
feeling which the better element OF
the white people of the South feel
towards the negro the Governor OF
North Carolina recently organized
a committee as Brothers