davidaulloa/AmericanStories huggingface dataset:
Great Falls tribune. [volume] (Great Falls, Mont.) 1921-current, 1922-10-22

DIGEST
y THE WEEK I'm BUSINESS q
BY The Tribune,

nish reasonably adequate t~ransporta-
ton facilities to other industries.
The steel plants are back to the
10 per cen production in which they
were in June. There is no anticipation,
however. for the rest of the year at
any rate of any further increase. n
steel companies, which made little or
no money during the third quarters
owing to the coal strike, will probably
have q moderate surplus during the
last three months of the year.. Inc
copper companies are now gaining Tor
the first time in two years. In otner
industries there are a few which nave
not rounded the corner and yet equal
ly few that are really prosperous; IL
is a time of what, judged by. Old line
standards. would be considered reason
able profits, but nothing to be encour-
aged over.
Farmers Out of Debt
The most important development bear
ing upon the business outlook is the
rise in farm prices. Only a little more
than a month ago the wheat trade was
profoundly discouraged over the SLACK
ness of the export demand. 1t allowed
itself to become entirely too pess1mlstlc
and partly correct in these miscalcuia-
tons and partly because the export
trade has picked up, the price OF wheat
has risen 10 cents a bushel while the
farmers are getting twice as u Tor
their corn as they did a year ago. j.,
At the same time cotton has reacned
a new high level for the year and
the southern growers lace announcer
season of exceptionally large relations.
Last wear it took all the time or the
f-,,o-a ooY1l n1aEn IN nav or InaiT
debts. This year they are out of debt
and their, surplus will constitute a
spending power which promises TO be
a very important factor in the indus
trial situation of 1923.
German Finances In Worse Plight
The renewed collapse in the German
| mark, accompanied by the most ter
| rifle output of paper money yet re-
corded for any one week, shows Ger
man finances in a worse plight thar
ever, More and more the situation I'm
folds the sinister parallel of Austria
The Austrian crisis has led in the end
to an international loan the price OF
| which. if the Vienna parliament ap-
proves the plan, will be control of the
finances by a representative or the
| League of Nations. the withdrawal
from the Austrian government of the
! privilege of putting out paper money
| and the establishment of an i~ndepen-
| dent bank of issue pledged to permit
no further expansion in the paper cur
rency.
Under this outside direction an at
tempt will be made to increase rev
enues by making larger charges upon
all government monopolies, such as the
| railroads and telegraphs. As it looks
now with German initiation getting
more and more reckless week by week
| and with the Berlin government evil
IDENTIFY unable ever relieved as it is
from cash reparations payments, tc
make any progress towards balancing
the budget, the sequel in Germany
will be the same as il has been in
J Austria.
Great Falls tribune. [volume] (Great Falls, Mont.) 1921-current, 1922-10-22
Chicago Market
GRAIN AND PROVISIONS

Chicago, Oct. 21.-Liquidation was
on In all grains Saturday and with
the markets under pressure from the
start. values averaged lower. At the
finish wheat was v to 2Ac off with
December s1.10A @1.1oh and May s1.11h
to S1.11%. Corn declined 1S to 2&2ho.
oats suffered a net loss of " to 1870
and provisions varied from 2Mc down
to a like advance.
Despite relative firmness In Winni-
peg there was much less bullish senti-
ment here than Of late and the market
had a heavy undertone throughout the
short session. Shortly after the start
pressure developed from houses with
export connections and the demand
| gave out, prices breaking sharply, par
tioularIy. in December. Some scattered
selling by holders and commission
houses was in evidence early but sup
| port was lacking on the dips. AS a
whole. there was little in the news to
affect the market, although reports
from the interior suggesting improve
ment In the car situation proved to be
a weakening factor.
Corn and oats showed a rather heavy
undertone, with considerable pressure
on the DEFENDERS, which worked to a
wider discount under the May.
Provisions were dull with little
change in prices.
The prices of futures ranged as fol-
lows:
TKI-I NJ
Great Falls tribune. [volume] (Great Falls, Mont.) 1921-current, 1922-10-22
WEEKLY FINANCIAL REVIEW

New York, Oct. 21.-Prices of
stocks moved with an cratic trend in
this weeks market because of the
heavy speculation in high priced shares
based on declarations of stock divi-
dends and rumors of the same. Bond
prices also were shaded, selling be-
ing attributed to large institutions de-
string to provide for more funds to
meet the increasing demands for com
mercial credit and to a switching
from standard liens to new govern
ment 4A's per cent bonds.
Industrial stocks reached a new
high average for the year on Monday
but the rapidity of the advance at
that time convinced professional
traders that it had gone too far and
consequently the trend of the next
few days was Il r~eactiOnary one. re-
covery setting in on Friday morning.
Violent fluctuations of such stocks
as Mexican Petroleum and Standard
Oil of New Jersey and the fall of the
Lloyd George ministry undoubtedly
kept many small traders away from
the market although a good investment
demand was noted for railroad shares,
which have been tagging behind the
rest of the list.
There was little change in the do
mestic business situation. A slight
decrease in car loadings was not re-
garded as particularly significant.
Weekly trade reviews predicted that
the present steel production figures,
between 20 and rs per cent, probably
would remain unchanged until the end
of the year. The Ford price cut was
not unexpected in the motor industry,
which has now run into a period of
seasonal dullness although production
is we'll above last year.
Rubber and tire stocks have been
helped by the sharp increase in the
price Of crude rubber. Little change
WAS noted in the copper market, but
leaders Of the industry expect steady
improvement from now on. The crude
oil output continues to increase and
gasoline prices are dropping.
The marking up of the call money
rate TO 6 per cent was the result of
the shifting of funds due to heavy gov
ernmental and other large operations
earlier in the week. Bankers are now
asking five per rent for time money
for the longer maturities although a
little business is being done at Az
and Az for short term loans. Prime
commercial paper is quoted at AZ per
cent.
Sterling exchange has shown mater
ial improvement, despite a temporary
setback resulting from the resignation
of Lloyd George. Temporary weak
ness in French exchange was attri-
buted in some quarters to a speech of
Secretary Hoover declaring that for
eign governments were in a position
to begin paying their debts to the
United States. Activity of German
printing presses probably accounts for
the further depression of German
marks, which were quoted yesterday at
21a cents a hundred, a new low re-
cord.
Great Falls tribune. [volume] (Great Falls, Mont.) 1921-current, 1922-10-22
livestock
AT CHICAGO

AT CHICAGO
Chicago, Oct. 21.-Cattle-Receipts
$500; compared with week ago: native
beef steers rs to Coo higher; spots up
more; western grassers steady to 25c
higher; top native beef steers $3.50;
beef cows mostly 25 to 40c up; beef
heifers u%nevenly 500 to 81 higher; al
ners n cutters strong; bulls about
steady; veal calves mostly 81 higher;
packers mostly Csc Up; heavy feeders
about steady; weekly bulk prices: ma
tive beef steers s9.4o@11. 80; western
grassers $s.50@75o; stockers and feed
ers $6:5o97.5O; beef cows and heifers
$50; veal calves S11@11.50.
Hogs-Receipts 5000; market fairly
%aetive; generally steady; bulk 30 to
ESQ; bulk 40 to 200 pound averages
S9.35Q9.45; desirable pigs around $9.25;
estimated holdover 5000; heavy $3.50
9; medium $9.30Q9.60; light $9.20@9.45;
light light $9.1509.35; packing sows
smooth S8Q8.55; packing sows rough
$7.6008.10; killing pigs $999.35.
Sheep-Receipts 1000; mostly direct
today; compared with week ago.: fat
native lambs largely TIC higher; fat
westerns and feeder lambs mostly 50c:
higher; fat sheep 75cQ$1 up; closing top
fat natives STATS; westerns St4@14.25;
bulk native lambs on close S14@14.50:
culls mostly S14.40; bulk fat range
lambs around $14.40; heavy fat ewes
largely $4.50@5.50; handy fat yves up
ward to S7.25; best western feeding
lambs $14.50; bulk around SLABS.
Great Falls tribune. [volume] (Great Falls, Mont.) 1921-current, 1922-10-22
WEEKLY r A REVIEW.

Chicago, Oct. 21.-Need of bread
stuff supplies for Europe has had
much to do this week with a fresh
ascent of grain values. Despite heavy
selling which at times was done to
realize profits, wheat Saturday morn
ing showed a gain of 1M to 2k cents
as compared with a week ago. corn
was up 2% to 3Ts to 4 cents and oats
"a to ~ to rs. Net changes in the
provisions market ranged from IL
cents to So cents advance.
With transportation difficulties con-
tinuing to render speculative selling of
wheat more Of a risk than is usually
the case and with a falling off evil
IDENTIFY primary receipts estimates were
current that the principal importing
countries have produced 245, 900, 900
bushels less wheat than last year. 1t
was also figured that there was a
shortage of 100000 bushels of rye.
Ability to get grain into position to
offer either to exporters or to do
mestic millers was thus a factor of
exceptional Importance, especially in
view of the gossip that foreigners had
failed to provide fully for their De-
cember and January quota.
Only a transient bearish effect in
the wheat market resulted from un-
certainties associated with the upset OF
the Lloyd George coalition in Great
Britain.
Reports that traffic congestion from
Buffalo eastward was being somewhat
relieved were likewise without per-
manent influence toward keeping
values down.
All deliveries of corn reached the
topmost prices yet for the 1922 crop.
May and July touching 70A cents a
bushel. World shortage of corr was
reported. Advances in the oats mar
ket were retarded by profit taking on
the part Of holders.
Provisions averaged higher in line
with the hog market.
Great Falls tribune. [volume] (Great Falls, Mont.) 1921-current, 1922-10-22
AT DENVER
Grain Prices

Station Basis at Points in Montana
Taking q 42c per Hundred Weight
Rate to Minneapolis or Duluth.
Fancy Dark Northern Spring-Must
be practically full 100 per cent flinty,
gluten content.
Choice Dark Northern Spring-Must
be approximately 80 per cent flinty.
dry, amber kernels, with average gluten
content.
Good Dark Northern Spring-Must be
approximately 80 per cent flinty, dry,
amber kernels, with average gluten
content.
Dark Northern Spring, federal grade
Must contain at least rs per cent
flinty, dry, amber kernels.
Great Falls tribune. [volume] (Great Falls, Mont.) 1921-current, 1922-10-22
By STUART p. &

by
suectai Correspondent of The Great Falls Tribune.
Copyright, 1922. By The Great Falls Tribune.
New York, Oct. 21.-The impression
given by this weeks Wall street opera
tions is that considerable doubt exists
in the minds Of the investors and specu-
lators alike as to the exact position Of
things. 1t is not that any less conf
dence is felt in the business outlook
taken as a whole. The Question en-
tireIy is how far the improvement in
trade conditions which has already oc-
Cured, and which is reasonably likely
to occur during the next six months,
has been discounted by the rise in
security prices.
The check upon the advancing ten
dency of the bond market, which began
to be noticed a month ago, is still
apparent.
1t is due to the realizing that the
decline which was started in the spring
of 1921, when vast sums of capital
commenced to flow back to the banks
from industrial uses, is over.
Commerce Now Absorbs Capital
New signs are multiplying that the
reverse movement has set in, that COM
MERGE is absorbing and will absorb
more and more of this money which,
during the last year and a half has
been put into the security markets.
No great advance in money rates need
be anticipated, but rates have ceased
to go down and this means that the up
ward tendency in investment values
which started in June, 1921, reported
at its peak in September, 1922, is
probably at an end.
Individual Values Factor
So, too, the speculative stock mar
ket is puzzled over the question
whether it has not gone far enough,
for the time being at least, along the
line of ~discounting trade recovery,
It's answer is that the general price
movement must be uncertain and that
the logical thing is to pay attention
only to individual values.
What has been going on during the
past week is simply a series of in
dividual movements, influenced by
special considerations. such as the
ability of this and that company to
distribute dividends or to increase
its cash distribution to share owners
It looks now as if this sort of selec-
tive speculation would keep indefi-
nitely preserving a careful discrimina,
ton between stocks that have a large
earning power behind them and those
which have not.
Period of Reasonable Profits
There is nothing about current bust.
ness reports to cause either citation
or disappointment. The principal diff,
ference, as foreseen all along, lies
with the car shortage. But barring
occasional complaints here and there
that it is interfering with manufac-
turing operations, it must be said that
the railroads are meeting the situa-
ton very well. Within little more thar
a month they have overcome a seri-
GUS fuel deficiency and at the same
time, while being forced to give Goa,
the priority, have been able to fur.
Great Falls tribune. [volume] (Great Falls, Mont.) 1921-current, 1922-10-22
LOCAL VEGETABLE MARKET

The following are wholesale prices
obtainable for vegetables. produced by
local on the Great Falls mar
ket. prices furnished by Cascade
County Vegetable Grower association:
Beets. punched, per dozen punches .z5o
Turnips, punched, per doz. punches. .7oc
Carrots, punched, per doz, b~unches--Iso
Onions, punched, per doz. punches. doc
Radishes. punched, per doz. punches. 4ec
Celery hearts, per doz- ..............7 6e
Head lettuce. per lb.................l5c
Endfve, per ....1oc
Rhubarb, per 90
Swiss chard, per Id. ......-......... So
CABBAGE. per 100 lbs. .......-$175@2:5o
Parsley, punched, per doz. punches. 500
Cauliflower, per Id.
Potatoes. per cwt........;....g5cas1s;o 90
Cucumbers. slfcing, per dozen. ..4097oc
Cucumbers. picking. per ib........'l5c
Beets, Der ID.
Turnips, per Id.
R~utabagas, Id.
Carrots. per lb.
Tomatoes, ripe, per Id. -.........., &c
Tomatoes, green, Per lb.......--...,-. &c
Summer squash, per Ib..............- &c
Hubbard squash, per lb.............. SC
Parsnips. per %
Great Falls tribune. [volume] (Great Falls, Mont.) 1921-current, 1922-10-22
Stock Market
as seen by
Bulls Bears
Reported by HI. b. Lake & Co.

New York. Oct. 21.-Much Of the turn
over In Saturdays stock market was
representative of week end evening up.
The Mexican Oil issues and some spe-
~cialties were strong while on the other
hand such issues as Marine Preferred,
Great Northern Ore, Pacific Oil, were
under pressure, reflecting uncertainty
over the dividend outlook on these is
sues. The balance of the market was
inclined to be steady. S~pecialties con-
tinue to feature the market on the up
side in some departments, but the list
as a general proposition shows a reluc-
lance to move forward.
Great Falls tribune. [volume] (Great Falls, Mont.) 1921-current, 1922-10-22
AT KANSAS CITY

Kansas City, Oct. 21.-Cattle-Re-
ceipts 1890; for week: beef steers
mostly strong to Csc higher; some up
more; top $13.25; she stock steady to
strong; Gamers steady to 10c lower;
stock calves mostly strong to Csc high
Hogs-Receipts 5000; fairly active to
packers, steady to &c lower; mostly
steady to weak with yesterdays packer
market; top 1910; bulk Of sales $500
$40; bulk 165 to 235 FOUNDERS $500
$40; heavy butchers mostly S8.7568.90;
packing sows steady; bulk Ss08.15.
Sheep-Receipts 1000; today's re-
ceipts mostly feeders on through bill.
ling; for week: lambs Is to Csc higher;
top SLABS; sheep mostly Csc higher:
spots up more; feeding lambs and
breeding ewes steady.
Great Falls tribune. [volume] (Great Falls, Mont.) 1921-current, 1922-10-22
AT SPOKANE

Spokane, Oct. notwithstanding
20; market steady; nc change In quota
tons.
Hogs-Receipts II; market steady;
no change in quotations.
Sheep-Receipts 1856 $3.50 on consign-
ment); market steady; no change in
quotations.
Great Falls tribune. [volume] (Great Falls, Mont.) 1921-current, 1922-10-22
MINNEAPOLIS CASH PRICES

Minneapolis, Oct. 21.-wheat, cash,
No. / northern $109A Clio; December
xL.07A; May $1.09%.
Corn, No. 8 yellow 67G6S.
OsSs, No 3 white 35S Q39h.
BSsley, 4SQ63.
Rye, No. z 6s% @78h.
Flax, No. ! $2.4512.48.
Great Falls tribune. [volume] (Great Falls, Mont.) 1921-current, 1922-10-22
RosToN CURB CLOSE
RONDS

New York, Oct. 21.-Liberty bonds
closed:
aus s1oo.92; U. S. treasury ANS
s100.10; second As $1,000; first AIS
1914; second ANS $1,000; third ANS
500. 20; fourth AVS $9e.2S; Victory ANS
(~uncalled) S100.26; Victory 4%'s tcalled)
S10OI6.
Great Falls tribune. [volume] (Great Falls, Mont.) 1921-current, 1922-10-22
NEW YORK G

closed steady; approximate sales 4,300
tons.
The refined sugar market was UNI
changed at $3.50 to $6.S5 for fine graz
ulated.
Great Falls tribune. [volume] (Great Falls, Mont.) 1921-current, 1922-10-22
At PORTLAND

Portland, Oct. observation-disclosures:
steady; receipts 10.
Hogs-NominaIiy steady; receipts IS.
Sheep-Nominally steady; receipts
Great Falls tribune. [volume] (Great Falls, Mont.) 1921-current, 1922-10-22
OIL STOCKS

New York, Oct. 21.-Prices of Wyom-
ing oils at 2 p. m. today were listed on
the New York curb as follows:
Boston Wyoming IL; Glenrock 1a
Mountain Producers 17h; Mutual 1215;
Omar TX; Salt Creek 19M.
Great Falls tribune. [volume] (Great Falls, Mont.) 1921-current, 1922-10-22

be in special demand. A community
which has four banks will have these
four banks purchased by four big city
banks so that each of the four big city
banks will have a branch in the smaller
city. When, however, there is only one
bank in the community the four big
city banks will compete and bid against
one another for the stock of this one
bank. The stock of man of these
small banks, which today can be bought
around par, may later be purchased by
some city bank at $500 10 $3.50 a share.
All the country banks need to do to
bring about these conditions is to buy
good securities, avoid risks, and to
keep themselves in a strong position.
The city banks will be willing to pay
a good price for good will and will not
especially care about imme diate earn
ing capacity; but they will want to be
sure that the assets are sound and
that the bank has not many lame
ducks"
Great Falls tribune. [volume] (Great Falls, Mont.) 1921-current, 1922-10-22

General business as reflected in the
Babsonchart continues to improve. It's
present position-but three per cent
below normal. The highest point il
two years.
(All radio and publication rights re-
served.
Great Falls tribune. [volume] (Great Falls, Mont.) 1921-current, 1922-10-22

Mrs. N. Shaw of 6O3 Fourth ave-
nue. north. left Thursday evening for
Great Falls tribune. [volume] (Great Falls, Mont.) 1921-current, 1922-10-22

SILVER
New York, Oct. 2f.-Foreign bar sill
yer 66Ac; Mexican dollars 51c.
London, Oct. 21.-Bar silver 34%d per
ounce.
Great Falls tribune. [volume] (Great Falls, Mont.) 1921-current, 1922-10-22
AT SOUTH ST. PAUL

South st. Paul, Oct. 21.-Cattle-Re-
ceipts 900; market steady; compared
with week ago, quotable $s.5o@12.50;
common and medium grades S475@
lower; grass fat butcher she stock SO
$3.50; bulk under $3.50; steady; can
ners and cutters S2.25@3; steady; bo-
iogna bulls S3.2564; around 25c higher;
week ago around 26c higher; best
lights closing s8.75G9.50.
Hogs-Receipts 1900: market steady
to strong; n $8@9.10; 100 fancy ba-
sows $SQs.50; good pigs ss.75.
Sheep-Receipts 100; market today
steady; compared with week ago: fat
lambs 81 to $1.25 higher; bulk at close
s13.50Q14; fat ewes SOC to 81 higher;
closing bulk $495.
AT OMAHA y
Omaha, Oct. 21-(By The Associated
Press).-Hogs-Receipts 5000; packing
grades strong to 10c higher; bulk $50
$3.50; other classes steady; 100 to 250
pound butchers sSsoqs1o; top $s.15;
bull of sales SS.1069.
Cattie-Receipts LOO; compared with
week ago: beef steers steady to 25c
higher; spots more on choice corn feds;
she stock mostly 25 to 500 higher;
bulls 10 to Csc higher; veals about Csc
higher; stockers about steady; feeders
generally Csc lower.
Sheep-Receipts 1900; compared with
week ago: killing classes % to SOC
higher; feeders weak to 25c lower.
AT DENVER
Denver, Oct. 21.-Cattle-Reoeipts
600; market steady; beef steers s6.251
$50: cows and heifers S3.75d $50;
calves S4.5O96.50; stockers and feeders
Sc .250725.
Hogs-Receipts 100; steady; top $40;
bulk $S69.75.
Sheep - Receipts 1854; market
steady; lambs S13613.50; ewes $496;
feeder lambs $12.25613.25.
Great Falls tribune. [volume] (Great Falls, Mont.) 1921-current, 1922-10-22

NEW YORK COTTON
New York, Oct. 21.-Spot cotton
quiet; middling S23.95.
The Brattleboro daily reformer. (Brattleboro, Vt.) 1913-1955, 1922-04-06
BRATTLEBORO PERSONAL

4. c. Laird Of Wilmington is in town
this week on business.
Ernest Miller of Newport, n H.. is
in town today on business and Is VISIT
ing relatives.
Miss Marjorie Huntington has begun
working in the bindery at L. l.. HIldreIh
& Co : printing plant.
Gilbert Bridges, who had been en-
pIoyed several months at the milk plant,
finished work there YESTERDAY.
l. G. Bradley left Monday for New
York to stay through the week on busl-
ness for the Bradley corporation
Mrs. W. H. Haywood is expected to
return today from Boston, where she
has been visiting relatives several weeks.
Miss Gertrude Simons, high school
student, i i'll in her home on High
Lawn road with grip, but is improving.
Fred b. Davis formerly of Brattleboro
but ROW of Guilford who has been i'll, is
more comfortable but still has trained
nurse.
Mrs. l.. E. Priest has taken position
as stenographer in the office at the
o;oodn0w, Pearson & Hunt department.
store.
Miss Susan Hanrahan returned this
morning from New York. where she had
been during the week on business for
he Specially Shop,
Mrs. Ralph Church of Rutland IS in
town visiting Mr.. Church, who Is at the
head of the drygoods department in
Goodnow, Pearson x Hunts.
Miss Pauline Shaw is working after
moons in Simons 5 Shop Unique during
the absence of Mrs. Waldo Wells, who
IS cpnyalescing from an illness.
Kenneth Morse returned this week
from Bennington, where he has been
working eight months as salesman for
the Fuller Brush Co. of Hartford, Conn.
He viii continue that work here IN
BrattleborO.
Mrs. Walter c. Halliday and children,
who had been visiting relatives in East
Dover. are spending the day here on
their way to their home in Newport, \.
II. Mr.. Halliday, who is here today on
business, will accompany them home.
Leighton Moves and William De
Lance, students at Ossining Military
academy atNOssining, \. Y, who have
been spending the Easter vacation at
their homes in town. win return to re-
sumo their studies tomorrow,