Great Falls tribune. [volume] (Great Falls, Mont.) 1921-current, 1922-07-09
this IL true in all the states I went
fhrou0h

this IL true in all the states I went
through.
"At Seattle lumbermen told ne that
nearly. all the mills Of the northwest
are working to capacity, and curious
ly enough, railroad men told me that
the railroads were hauling east as much
lumber as ever, even though a good
deal is now going out by water.
Coming back through the sheep
country Of Utah and Idaho / heard it
said everywhere that the ranchers will
make a great deal Of money this year.
Not SO many sheep are on the ranches
as in former years, but the number is
increasing and the wool clip has
been satisfactory and is being marketed
at profitable prices. With cattle the
Der was reduced during the war and
afterwards, but herds are being re-
plenished and cattle prices are rising.
I'm Kansas, Nebraska and Iowa, the
corn belt corn is a little late, but
has a vigorous stand and is fine in
color. Winter wheat has marured.
1t is being cut everywhere and the
yields are large and of excellent quail
ity. There is no doubt in my mind
that the crops are going to add several
billions of new wealth this year and
will 60 far to restore the purchasing
power of the farmer, and the mer-
chants dependent upon him. With a
big production of grain, hay, cattle.
wool. lead, iron and such basic com
modities coming out Of the vast in
terror of the United States, I submit
that there are solid reasons for hope
fulness."
In an otherwise dull bond market
tho INF q ro cfipD faafuro 1oof rvoob ,roc
the pronounced strength in high grade
investments. Liberty loan fourth AVS
established a record of 10O.32, and
other issues all held near the high of
the year. A steady demand for the
high grade rail issues caused advances
in many new highs. Meanwhile second
grade investment bonds and speculative
issues lost ground slightly. Foreign
government bonds showed weaknesses
at times, but rallied slightly toward the
close of the week. New financing was
at low ebb. with total offerings of
around $40, 100000 against S93,00O,-
900 for the week previous,
With call money decidedly easier,
bankers are looking forward to an ex-
tended period of lower interest rates
and activity in bonds. Institutions and
dealers have been picking up high
dup JULIUS LOT SbiiP Wcpks pdbt WIFI
a view to supplying the July demands.
Interest and dividend payments on
July l amounted to around $500, 900
600. Corporation maturities passed at
the same time amounted TO $4,000, 600,
and it is estimated that around $780,
100000 additional were paid before ma
turity. There was also a call Of 800
100000 of Victory notes.
The largest offering of the week was
the S20,0OO,OOO B. F. Goodrich COM
pany % year 6E per cent gold bonds.
which were offered at 81 and interest
to yield around e. per cent. The pro-
ceeds of this issue, together with ether
money. provided by the company in the
regular course Of business. will be
used to retire the $50. 900 five
year Z per cent gold notes, due on
October /. 1922. The mortgage pro-
vides that so long as any of these bonds
are outstanding no individuals shall be
paid on any class of stock. if such div
idends will reduce net current assets
to less than the principal amount of
bonds outstanding. The Goodrich COM