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The Powder River County examiner and the Broadus independent. [volume] (Broadus, Mont.) 1919-1935, 1921-06-24
LOCAL BRIEFS

Chas. C. shorty Johnson has had
his paper forwarded to- Monroe City,
Indiana.
Summer officially started June 20.
Pat Duran was in town Tuesday.
creek and Lisle Powell of Ranch creek
were in town Tuesday. Mr.. Kendriek
has been in the cattle business for IL
years and now boasts the finest herd
OF ShOrt-horn cattle in the southeast
ern part Of Montana.
Walter Blythe from Little Powder
was in town Tuesday.
Frank Jouvenat was down from :he
B-Divide Tuesday.
Henry PhilHppi transacted business
I'm Miles City this week.
G. L. Russell and sons took several
loads of wheat to Miles Cit the past
week.
]. y. Williams is having excavation
work done at his residence and will
build q basement and porch.
The H. r. Cook building was paint
ed this week by the Nash brothers.
A dance viii, be given at the Broad,
us school house Saturday night. and
everybody is welcome.
After spending few days with his
family near Graham postoffiee, Harry
Mowry this week returned to North
Dakota where he is engaged in car
penter work. 1t is said he came here
to investigate the loss of several head
of horses supposed to have been stol-
en- from him.
A big dance will be given at the
Powderville hall Monday evening, July
Fourth.
Mr.. and Mrs. Robert Eccles. accom-
panied by Miss Lille Gross. were in
Sheridan. Wyo.. last week and return
ed Saturday. They were caAght in the
big rain storm and encountered very
heavy roads.
George Cooper this week returned
to his place near Rroadus and dis
covered niscreants had effected an en-
trance during his absence and had
helped themselves to most everything
that could be put to use.
The Wiley Hiding is nearing COM
pletion and will socn be occupied by
NJ. T. Wiley for his abstract office and
residence. The structure contains an
office and four living rooms and is
building Broadus may Well be proud.
Bcb Naiely was the contractor for the
building. Nash Bnos. started Wednes-
day on painting the structure.
George Bottles. whose home is iii
the Epsie country. but who has been
on the Little Powder river was in town
Wednesday.
The Powder River County examiner and the Broadus independent. [volume] (Broadus, Mont.) 1919-1935, 1921-06-24

A IS membership in the Broadus
Chamber Cf Commerce is now open to
public spirited citizens residing out
side of Broadus. This membership
carries with it teS -Ea Drivile ges
Broadus members W.r Pay an annual
me mbership Zee Of r.
The Powder River County examiner and the Broadus independent. [volume] (Broadus, Mont.) 1919-1935, 1921-06-24

Emil Helberg and Ole Orestead Of
were in town the latter
part of the week in behalf Of Mr.. Ore
stead's naturalization application.
County Attorney r. Nelstead CT Car
ter county has resigned, to give his
entire time to private practice.
Tomorrow Saturday afternoon, the
mic of the Broadns Community church
will be held in Troutman grove on the
banks of Powder river, near Broadus.
Everyone. is requested tc' attend and
bring well filled baskets.
DR.. James reports two births in the
Pumpkin creek country last saturday.
\ son was born to Mr.. and Mrs: Albert
Mr.. and Mrs. Virgil Dickson.
Guy, Dean. recognized as the tallest
ing six feet six inches. in his stock
ing feet, was in Broadus Wednesday
from Moorhead.
r. S Darlington has come from the
western part of the county to engage
in farm work with his father, X. NJ
Darlington, near Chas. Smiths place
F. E. Ward. vice president and field
superintendent for the Ward Syndicate,
an oil concern. was in Broadus the
latter part of the week. accompanied
by his sister. Mrs. NJ Lawson, looking
over the local oil situation.
\ dentist from Hulett. Wyo, is at
Biddle for short stay and is doing
considerable dental work.
j. II. Morris, Billy Driscol and Billy
Waite this year will again officiate as
Judges of riding exhibitions at the
Belle Fourche Roundup. July 4. and
s. They will pick the winners in the
bucking events, including saddle and
bareback riding for both men and wo
men.
The Ridge school. taught the past
four months by Mrs. Guy Dean. will
close With an appropriate program to-
day. Her husband was in Broadus on
Wednesday en- route to Ridge and viii
accompany her to their home on the
divide between Powder river and OF
ter creek.
The grade for the crosswalk be-
tween the Yellowstone Lumber COM
pany and the Broadus Cash store was
surveyed Wednesday and stakes Were
placed
The Powder River County examiner and the Broadus independent. [volume] (Broadus, Mont.) 1919-1935, 1921-06-24
STACEY

Mrs. John Laporte is in Miles City
for a few days with baby Lorraine.
Mr.. and Mrs. f. w. shy made a bust
ness trip to Milestown last week.
A large crowd attended the Home
The Powder River County examiner and the Broadus independent. [volume] (Broadus, Mont.) 1919-1935, 1921-06-24

The grade for the crosswalk be-
tween the Yellowstone Lumber COM
pany and the Broadus Cash store was
surveyed Wednesday and stakes We're
placed.
The Powder River County examiner and the Broadus independent. [volume] (Broadus, Mont.) 1919-1935, 1921-06-24

Chas. c.. shorty Johnson has had
his paper forwarded &c, Monroe City,
New-York tribune., 1921-01-20
Securities at Auction

10 shares Manufacturers Iron Steel Co.
preferred, New Brunswick, N. j.. 500
shares Janeway & Carpenter preferred,
Now Brunswick. n. j., s1oo each. per
10 Shares brunswick Refrigerating GO.
"a preferred, New Brunswick. n. j..
sloo each per share; ......... ss1
Brunswick. N j.. sloo each. per
$500 New Brunswiick Light Heat & power
CO; c.. pr cent mortgage bond, due
For Account Of Executors
1oo shares Nevada-Utah Mines & Shelters
Tand,i4st corpGratiGn sir. SO each 100 shares Met
2S shares Reese River Mining Co.. 500
Mining Co., 500 each; 70 snares Tona-
wanca Cold & Silver Mining Co, $3.50
each: 10 shares Bella Union Gold &, sil :
yer Mining Co, 81. 900 each; 20 shares
Los Angeles g. Mohican Consolidation
Mining Co. $500 each 100 shares Rose
Quartz Gold & Silver Mining Co. 800
cach; 20 shares Mammouth Gold g. Silver
Mining Co., $50 each; 20 shares Realito
Cold & Silver Mining Co., 800 each
For Account OF Whom 1t May Concern -
ls shares National City Bank. 500 each
Is shares s@s Bank Of America 90 each, ;sS9s 1s
shares Guaranty Trust Co., 500 each,
80 shares Liberty National Bank .sSsfN SIS
each; 1000 shares Grange Realty Co.
s17ils57s Mercantiie stores Co., nc IN a'gg0 151
year debenture bonds dated December
1.71i shares Mercantile stores CO., Inc
V. T. c.. and $357s scrip per share s95
share Country Club. New Canaan
400 shares brooklyn Citizen, 500 each. per- sS
~ -. ...... So
s4,Sio Brooklyn Citizen certificates Of in
1925 shares The mardie Machine Co. 'faoo ine
1900 shares Lemon Pekoe rea cornossO Sso
uon, 5lO each. lot. t.s............ .$35
II 900 Automobile Club OF America secon0
mortgage per cent bond. due $50 80
20, 600 American Manganese Mig. CO.,
second General Dunbar mortgage 8 per
cent bonds. due 1924. 24................7 10
$1,000 Lehigh s. Wilkes Barre Coal Co.
consolidated mortgage per cent bond.
81 800 Toiedo. St. roui. l. westcrn co, 80
lateral trust per cent bonds. duo 1917,
certifcates OF deposit. t.............25 rs
100 shares Haytian American Corporation,
preferred with bonus OF rs shares com :
mon and 90 sharea founders, per
II shares Rio Plata Mining Co: l. 900
ahares RichAeld Copper Co, lot 81
New-York tribune., 1921-01-20
Contract Council Meets
Plans Made to Induce Textile
Associations to Join

Plans to induce organizations, espe-
cially national associations in the
textile and allied trades, to become
identified with the National Council of
Commercial Contracts were made yes
terday at the first meeting of the
Council committee at 70 Worth Street.
committee of five, with Charles j.
Webb as chairman, selected twenty
seven associations and organizations IN
the textile and allied trades to whom
invitations will first be written.
Colonel John =. Wood, chairman of
the Council, appointed c. Stanley Hurl-
but chairman of committee of eight,
who are to construct bylaws and other
plans for the organization Of the Coun-
Gil. Becher M. Grouse was appointed
chairman of a committee of ten, who
are to map out program to be sub
mitted at the organization meeting.
The date Of the organization meeting
will be determined by the responsive
ness on the part of the associations and
organizations to whom the invitations
will be sent, and also on the progres So
Of the committee arranging the pro-
gram to be submitted at this meeting.
Recommendation to have the organiza-
ton named the National Council in
place of the National Bureau of Com
mercial Contracts, which it has here
tofore been called, has been made by
the Council committee. No action on
the new form of contract was taken,
and it is expected that by the next
meeting the committee will have the
new forms ready for commentator.
New-York tribune., 1921-01-20
Armour Reports Loss
In Home Trade in 1920
Net Profit of "a Per Cent Oh.
tained by Drawing on For.
eign Reserves. He Saws

CHICAGO, Jan. 19.--Only by draw
ing one reserves accumulated by their
foreign connections were Armour 4
Co. enabled to show a net profit as 8
result of the 1920 operations, accord
ing to the annual report Of j. Ogden
Armour, president of the company.
which he presented to-day to the stock
holders. For the first time in the his
tory Of the company stockholders other
than members of the Armour family
attended.
The statement disclosed that while
the companys total sales approximated
100000 600 for the year, that portion
of it which represented sales in and
exports from this country resulted in
losses aggregating many millions Of
dollars. In view of these losses Armour
e. Co. found it necessary to draw upon
the reserves Of their foreign connec-
tions to show q net profit Of $5,319,
975.44, which represented but "a per
cent on the average net capital invest
ment of 1921 900, 900.
J. Ogden Armour was reelected presi-
dent and Lester Armour, nephew OF
j. Ogden Armour, was elected a mem
Der of the board of directors. All
other officers were reelected.
New-York tribune., 1921-01-20
Number of Buyers Here
Is Near Record Figure
More Cheerful Aspect in Whole.
sale Market as Result of
Increased Inquiry

january promises to equal or break
1he record for the number Of buvers
visiting the wholesale markets here
Inc number of buyers reaching the
market during the present week is be-
heved by some to be larger than last
year, when wholesale buying was at
IT'S peak. Others, however. assert that
the influx Of buyers at present is no
heavier than in normal years, and that
the fact that the buyers are here does
not Indicate anything beyond the usual
seasonal buying period.
1hat the buyers are here and are
huying, although to limited degree.
puts more cheerful aspect on tho
wholesale situation. The present ac-
tlvlty is in sharp contrast to the
stagnation of October, November and
December.
Some retailers now in the market
are complaining that wholesalers here
are taking advantage of the appear
ance of a large number of buyers in
the market to boost prices unreasona
ably. Most buyers have come with
clear-cut ideas of the prices they will
pay for merchandise and appear to be
continuing their search for goods at
those prices until they find them.
New-York tribune., 1921-01-20
Default of N. Y. and Richmond Gas

[luestiou-An writing you in regard TO
some bonds which l hold and would like
to obtain whatever Information you nave
obtain concerning them. Ihese
bonds are OF the New York and Richmond
Gas Company and are | believe, mortgage
bonds paying 5 per cent On November
presented the coupons at the local bank
for payment. They paid me the interest
money usual. but few days later | re-
that the coupons had been returned to
them and that there were no funds to
meet the interest I had to make good
the interest money to the bank and told
them to inquire about conditions. ETC.. OF
the company. but have not heard anything
very deGnite yet, except that they seem
to he in some sort of financial difficulties
These bonds due and payable some
time next year. / believe.-E. r. D.
Answer--The New York and Rich
mond Gas Company has operated at a
loss for the last two years, and this
has resulted in a default on the No
vember coupon of the first mortgage
bonds. We understand that the high
prices of coal and oil have been the
cause. What action will be taken by
the bondholders we cannot attempt to
say. A protective committee has been
formed and the Guaranty Trust Com
pany Of New York IS the depositary for
the bonds. The company says it ex-
poets to receive an increase in rates
and make the bonds good as to interest
and principal.
New-York tribune., 1921-01-20
Chemicals Recovery Slow
Prospect Of Uniform Alcohol
Laws Cheers Producers

Manufacturers Of chemicals feel that
tho rebuilding of q normal trade will
be slow process. The habit of buy
ing conscrvatively has been established
by consumers, says this weeks Drug
and Chemical Markets, who are slow
to provide for their future. wants in
fine chemicals unless convinced that
prices have touched bottom.
"Producers Of alcohol and the whole
sale drug trade" says the report,
found great satisfaction this week
over the prospects of uniform alcohol
laws in all states which will protect
the drug trade and provide against
illicit traffic. bill was drawn up and
ndorsed by the trade and will be sent
to leading states for adoption if pos
sible at the winter Legislative sessions.
"Priccs Of dyes continue weak and
there is little tangible evidence of
revival Of interest on the part Of con-
sumcrs. The rcopening Of the textile
mills is expected to force buying IN
large quantities soon.
ain the crude drug market prices
were seriously cut by importers out
side the drug trade, who saw an op-
portunity to purchase products abroad
far below the New York marl-et."
New-York tribune., 1921-01-20
Farrow Banks Condition
Discovered by N. Y. Firm
Negotiations for Control of Lon.
don Institution Revealed
Situation. Charge

FROM The T'ibaae's European Buyeou
copyright, 1891. New York Tribune Inc
LONDON, Jan. 19.-The New yorl
banking firm of Norton, Read g. Co.
discovered the condition of Farrow,s
Bank last fall, according to the prose
eutor's statement at the openinr to-dav
OF the trial of the chairman, directors
and accountant of Farrow's Bank
These officials are charged with falsifv-
ing reports on balance sheets,
Farrow's failed two months 400 and
SINCE then it has been announced that
depositors would receive maximum of
three shillings on the pound.
deal to buy control of Farrow's
was begun in April of last wear. when
Mr.. Read. London representative of
the New York firm, was consulted. The
negotiations were continued throuoh
the summer, W. W. Crotch, represent
ing the bank, going to New York to see
MI. Norton. 1t was not until Novem
per that the American bankers saw the
banks books and discovered that
S2.ooo,o0 the price they expected to
pay, had appeared on the report of
June 80 as assets. The expert account
ants reported to the Americans that
the bank was hopelessly insolvent. and
the Americans withdrew from negotia
tlons. The bank stopped payment
shortly thereafter.
New-York tribune., 1921-01-20
Financial Items

Henry Sanderson will retire as a special
partner OF the Stock Exchange firm Of
Charles D- Barney g. Co. on February 28
He Joined the firm on February l, 1911.
and on January l, 1919, retired as an ac-
tive member and became special tsartner
Hodenpyl. Hardy & Co announce that
Jacob Hekma has been made Vice -presi-
dent OF the Commonwealth Power: Railway
and Light Company and Northern Ohio
Electric Corporation. G. II. Bourne, secre-
tary; George Sprague jr., treasurer; II G.
ant secretary, and Q. r. Coleman assistant
treasurer.
Carreau & Snedeker, members OF the
New York Stock Exchange. announce the
removal Of their offices to so Wall Street
and the opening OF an unlisted securities
department..
Mccormick & Pagan, members of the
Stock Exchanges announce that they have
admitted Addison w. Kelly to partnership
in their firm.
William A. Schultz. formerly connected
with the trading department of Halscy,
Stuart e. Co, is now in charge Of the trad
Ing department of cambridge & Ryan.
Trust Company and composed of Kissel
Kinnicutt Co.. Halsey, Stuart & Co.
Eldredge Co.. the First Trust and Saw
ings Bank. the Guaranty TRUST Company Of
stacy Braun, r. L. Day & Co, Detroit
| Trust Company and the Continental and
Commercial Trust and Savings Bank are
offering s5.0oo,0oe City of Cleveland school
district per cent bonds with rnaturities
ranging from 1922 to 1941 inclusive at
various prices to. yield from 5.25 per cent
Harris, Forbes & Co.. the National City
Sanger. r. L. Day & Co. and Hayden,
Miller Co. are Offering 100000 issue
Of "a per cent a.o City Of Akron bonds due
yield from $40 to $40 per cent.
New-York tribune., 1921-01-20
Price Guarantees and Bet
ter Terms From Manu-.
facturers Sought; Turn
in Business Tide Is Seen

Wholesale buyers Of notions are i'm
bued with more optimism concerning
the future of their business than thew
were few months ago, but are still
deslrous of receiving further conces-
slons from manufacturers, chiefly in
the matter of terms, discounts and
price guarantees. This developed YES
terday at the annual convention of the
Jobbers' Association of Notion BUYERS.
held at the Waldorf The sew
enteenth annual convention of the Ma
tional Wholesale Dry Goods Association.
of which the notion buyers organiza-
ton is an auxiliary, will be held to-day.
President Otto r. Rick, of Adam,
Meldrum & Anderson, Buffalo, N. Y,
came out vehemently in his opening
address for a price guaranty on all
nationally advertised brands of notions.
he asserted that manufacturers who
had given such guarantees and stock
protection since the opening Of the year
had been favored with substantial
orders.
turn in the tide of business has
been evidenced within the past two
weeks by larger number Of orders,
although smaller in individual cases
than normal, according to Archibald G.
Smith, of Smith & Sons Corp, Buffalo.
manufacturers of hair pins; H. NJ Fry,
Of the Narrow Fabric Company, Read
ing, Pa, and Norman w. Cook, of the
American Mills Company, New York,
manufacturers of elastic fabrics. Each
Of these manufacturers discussed con-
ditions in their individual lines, assert
ing that prices were now based on alb
solute replacement costs, regardless of
the original cost of raw material in
stocks and that further price recessions
appeared to be improbable.
After some discussion the convention
decided not to request manufacturers
to furnish standardized sample cards
The committee on standard cards re-
ported several manufacturers were
willing to cooperate in Standardization
work, but that the time for such a
move is not ripe.
The report of the committee on
terms and discounts on pearl buttons,
dress shields, garters and spool silk,
recommending that standard terms of
2 per cent, ten days sixty extra, be
mously adopted. At present great va
riety of terms are said to exist. Manu-
facturers appear to favor shorter
terms, arguing that they must pay for
their raw materials on delivery or on
ten days time The recommend ation that
manufacturers Of spool cotton be re-
questcd to give stock guaantee also
was adopted.
New officers were elected as follows:
A. Crawford Smith, of the YOUNGSTOWN
Dry Goods Company, Youngstown,
Ohio, president; George 'Sauer, of Car
ter, Webster & Co.. Baltimore. first
president; Thomas E. Donovan. of
the Brown, Durrel Company, Boston,
second vice. e-president. and A. A. Seitz,
of. the Walton N Moore Dry Goods
Company, San Francisco, secretary
treasurer
New-York tribune., 1921-01-20
Youth Demands 10 Per Cent

.Suestion-A party desires to invest about
SsS%o.o 900 in good stocks to yield from to
~ per cent and is willing to take the
would YOU. say in regard to Pere Mar
quette preferred. per cent, around So
colorado Southern ed preferred Der
cent, ABOUT 40; American Steel Foundry
common. per cent. 30 and Pressed Steel
Cai common. per cent at 50: also Rail-
way steel Spring common around 81
nese az appear TO be good companies,
ne ne ovldends amply earned. and 1t seems
M M.he STOCK should appreciate in value as
t,e tne market improves Party desiring to
~ ~ nrest inns money Is young and will not
oepend alone on this ncome.-W A. J.
Answer-lt is not necessary, we
think, for your friend to buy common
stock to achieve the yield you mention.
We think the following are better than
any you mention: Japanese sterling 4 "a
per cent bonds. 1925, to yield 1895 per
cent, and Series 2 As, 1881, to Weld
1853 per cent; General Motors 6 and ?
per cent debentures, to yield around 10
per cent; Cities Service preferred. to
yield 95 per cent; Denver & Rio
Grande Improvement 5s, 1928, to weld
1850 per cent; St. Louis e. San Fran
CISCO income IS, 1860, with a current re-
turn of over 10 per cent. You. under
stand. of course, that these investments
are more or less speculative, all of them,
New-York tribune., 1921-01-20
New York Metal Market

On the New York Metal Exchange tin
was, firm, but quiet, with Class A quote d
at 'S4.50@37c; Glass B, 31M32c, and
Straits shipments, 35.25M3ec. Copper
dull' spot and January, 13.371kc, and
February and March, 135Oc. all asked
Lead easy; New York spot, $3.50 asked,
and East st. Louis spot, a.95c asked
Enc easy New York spot, $500, and
East st. Louis spot, 5.55c asked.
London metal markets follow: Tin,
standard spot, s1S1 los, and futures,
S1S7, with sales of 80 tons spot and $50
tons futures. Copper, standard spot,
$40 IS, and futures, $40 rs Cd, with sales
OF 100 tons spot and 500 tons futures,
and electrolytic spot, s79, and futures,
fol. Lead, spot, 822 lis Cd, and fu-
lures, f23 5s.. Zinc, spot, 424 5s, and
New-York tribune., 1921-01-20
New Wooden Prices Made
Reductions on Serges and Coat
ings About % Per Cent


Several standard lines of women's
wear fabrics for spring use were re-
vsed in price yesterday by the Ameri-
can Woolen Company.
Jobbers and ready to wear manu-
tacturers evidenced such interest in the
new and lower prices that the sales
rooms of the company presented scenes
OF activity. Reductions varied CON
slderably,. the finer tricotines showing
slight declines from the opening prices
OIL September. Serge and some of the
coating fabrics were priced about 2S
per cent below the opening prices as
an average.
1t is expected that the goods being
sold now, which include the company's
surplus and what can be made under
Ia reduced rate of production in time
tor spring use, will be allotted to the