davidaulloa/AmericanStories huggingface dataset:
Great Falls tribune. [volume] (Great Falls, Mont.) 1921-current, 1922-05-07
BABSON DISCUSSES PECULIARITIES
OF MINING STOCK; HAS DIFFERENT
PHASES THAN OTHER INVESTMENTS

solutely legitimate, as farming, build
ing, OF operating a water power, 1t is
here to stay. When you buy an in
terest in the copper industry, you are
getting into a legitimate business, in
a legitimate way. The distinction be.
tween buying into the industry instead
of buying stock in a single company
must however be kept clearly in mind.
There are several thousand differ
ent copper mining stocks on the mar
ket today and yet IS Of these COM
panies produce 80 per cent of the
copper. BY buying the stocks of these
Is companies, you can have an in
terest in so per cent of the industry.
The point is this: II you put say
1900 into these Is companies, you
are not betting on IN one company.
You are buying an interest in the cop
stock depends not on whether copper
is found here or there, but rather on
the price of copper as determined by
the law of supply and demand.
This particular group Of stocks.
representing the industry, naturally
f~luctuates with it. With a great sur
plus Of copper on the market, as was
the case last year. the stocks 20 to
the low levels. That is the time to
buy your interest in the industry. If
you hold these stocks until the sur
plus is absorbed and the price Of cop
per goes up, these securities increase
In price and should then be sold out.
By following this basic plan you can
make a very handsome profit over a
period of two or three years. and
you assume practically no risk. As you
are not planning on them as a per-
manent investment. you need not both
err with amortization, or the setting
aside of a portion of dividends to
cover diminishing capital.
This is the safest way TO invest in
mining stocks of n kind. Coal
tilizer stocks, and pulp stocks, in fact
the stock of any industry engaged prim-
arily In the production Of raw ma
~terials. the supply of which is con-
stantly diminishing, should be placed
in the same group"
When asked the names of the IS
companies who practically control the
copper industry, Mr.. Babson named
several, including Anaconda, Phelps
Dodge. Utah. Kennecott, Inspiration.
Ray Consolidated, Calumet and Hecla,
Chino, Nevada Consolidated, Green
Cananea, Miami, Calumet and Ari-
IONA, Copper Range.
The recent improvement in the gen
eral feeling among business men is be-
ginning to be reflected in general bust
ness conditions. The index of the Bah
son chart, for i~nstace, shows general
business. Is per cent below normal as
compared with 10 per cent below a
week age.
(All publication and radio rights
reserved).
Great Falls tribune. [volume] (Great Falls, Mont.) 1921-current, 1922-05-07
Market
GRAIN AND PROVISIONS

Chicago. May 6.-Stop loss orders
were uncovered in May wheat on board
of trade n prices were carried Off
sharply, the deferred deliveries being
affected by May. At the finish. wheat
ranged from unchanged to Sk lower.
with May S1.36k to $1.36Z, and July
S,23A to 1924; corn was off " to q,
while oats were u to Is down. Provis-
ions ranged from unchanged to s cents
lower.
Wheat closed heavy in tone. There
was liquidation on and some pressure
came from commission houses. May
broke to a new low on the present de-
cline, the inside figure shortly after
the opening being 8 cents under the
high point of the week. Trade in this
delivery was light n prices were cas-
lily influenced. The deferred deliveries
were weaker in sympathy with May,
but the bulk of trade was OF local
character. Crop reports generally from
the winter wheat territory are showing
improvement, although a period Of dry
weather would be beneficial. Deliver
les on May contracts this week aggre-
gated 1921 900 bushels of wheat.
Corn and oats held within relatively
narrow limits with oats showing stub
born resistance to pressure, while corn
eased off fractionally. Sentiment Is
somewhat less bullish on corn.
Provisions were dull and prices held
close to the previous days finish.
The prices of futures ranged as fol-
lows:
Great Falls tribune. [volume] (Great Falls, Mont.) 1921-current, 1922-05-07
BY STUART p. WEsr
8psaIaI Csrrsspendsht Of ersat Falls Tribune
COPYRIGHT, 1922. BY The Great Falls Tribune.

Copyright, 1922. By The Great Falls Tribune.
New York, May cit cannot be said
that events of the past week have
thrown much light upon the larger
problems Of world finance. Whether
in the end the nations of Europe will
be able to sink their individual diff
ferences and agree upon a program Of
economic reconstruction Is quite as un-
certain as it was when the Genoa con
ference assembled, a month ago. As
the British premier has pointed out,
Russia and Germany compose, togeth-
er, nearly two-thirds of the popula-
ton Of continental Europe. There can
be no rehabilitation until these ma
tions get on their feet financially and
recover at least some approach to their
normal buying power.
Russian cannot do this without an
external loan and the restoration of
trade relations with other countries.
Germany cannot do 1t if pressed SO
hard on PREPARATIONS payments that she
taxes herself to the breaking point; to
the point, that is, where industries
languish for want of the proper in
centive of profit.
German Marks Hold Up We'll
These propositions are clear to every
reasoning person. Yet whether in the
end they will triumph over selfish ma
tional interests is something which at
Great Falls tribune. [volume] (Great Falls, Mont.) 1921-current, 1922-05-07
livestock
AT

Chicago. May s.-Cattle-Receipts 800;
compared with week ago.: Beef steers
and fat she stock mostly steady; in be-
tween grades. yearlings in both classes
15c to 25c lower; weeks top y~earlings
1925; top heavy steers S9.l5; Gamers
and cutters steady; bulls Csc to 35o
higher; calves Soc to 75c up; stockers
and feeders steady to weak; weeks bull
stock s5.75a7.1: Gamers and cutters
ss.75q4.65; bologna bulls $4.9096.25;
beef bulls $5.509e.50; vealers S7.75@s.75.
Hogs-Receipts 5000, active. mostly
five to ten cents higher than yesterdays
average; top $lo.75; bulk $1o.15910.70 10;
shippers bought about 1900; hold over
light; pigs and packing sows about
steady.
Sheep Receipts 1000: today's re-
ceipts practically all direct; compared
with week ago: Lambs and yearlings
steady to Csc lower; handy sheep most
ly SOC lower; strong weight and heavy
yves 100 to $50 lower, some 200 off;
weeks bulk prices shorn basis fat
lambs s1AooG1A7o; yearltng: sI1.5o9
tive spring lambs $15Q16.25.
Great Falls tribune. [volume] (Great Falls, Mont.) 1921-current, 1922-05-07
Stock Market
as seem by
Bulls q Bears
Reported by H. B. Lake q Co.

New York, May 6.-The steels fea-
tured b dealings in today's sessions
and y. g.. Steel as we'll as most Of the
So-callod independents were active at
advancing. quotations. The untitled
tonnage statements Of U. 8. Steel is
scheduled for publication next week
a 1t - expected that IT will make an
extremely favorable showing. 1t is also
expected that some concrete announce
ment with respect to the contemplated
merger of certain Independent steel
companies will be forthcoming within
the next week or so and this was re-
flected in active demand for issues like
Republic Steel, Vanadium and others.
Railroads were in fairly good demand
ana continued steady, but many indus
trials were under pressure during most
moro or less Of a specially affair and
operations for the rise in selective is
sues will likely feature the tradings.-
Logan & Bryan.
Great Falls tribune. [volume] (Great Falls, Mont.) 1921-current, 1922-05-07
BOSTON CURB CLOSE,
COPPER

New York. May 6.-The copper mar
kst has been firmer during the past
week on q continued moderate demand
for domestic consumption and export.
Small lots of resale or strap copper
appeared to have been pretty well
cleared up and tho market is being
made BY the larger producers who are
quoting Is cents for spot n nearby
copper and In some instances asking an
advance Of y cent for forward deliv-
cries. Iron was firm.
Great Falls tribune. [volume] (Great Falls, Mont.) 1921-current, 1922-05-07
Open. High. Low.
CHICAGO CASH PRICES.

Chicago. May s.-Wheat-No. 2 red
No. 2 hard $1.37sQ1.37h.
Corn-No. 2 mixed 62@62Ac; No. 2
yellow 62962Mc.
Oats-No. 2 white DA Q41hc; No. 3
white 3SM Q39Ac.
Rye-No. 3 $1.05.
Barley-67G74c.
Timothy secd-S4.5016.
Clover seed-s12122.
Pork-NominGl; lard $11.36; ribs
S12.50G13.50.
Great Falls tribune. [volume] (Great Falls, Mont.) 1921-current, 1922-05-07
MINNEAPOLIS CASH GRAIN

Minneapolis, May 6.-Wheat-No. ]
northern $1.51h q1.5sh; May $1.52h;
July S1.4114.
Corn-No. 3 yellow 53d54kc.
Oats-No. 3 white 35hI35bc.
Barley-5316 SAC.
Rye-No. 2 S1O01a q 1.O1h.
Flax-No. / $2.Sl@2.S3.
Great Falls tribune. [volume] (Great Falls, Mont.) 1921-current, 1922-05-07
AT SOUTH ST. PAUL

South st. Paul. May 6.-Cattle-
Receipts 90; compared with week ago
beef steers and butcher stock strong
to % cents higher; common and me-
dunn grades showing the greteest
gain; amer and cutters steady to
strong; bologna bulls unevenly b0c9
75c higher; bulk $4.25G475; good and
choice stockers and feeders strong to
Csc higher; common and medium
grades 25c or SOC higher. Quotations at
close: Common to medium beef steers
$6.50Q775; bulk $7Q7.50; butcher sows
and heifers $4.500s; bulk $4.5046.50;
tanners and cutters 1904; bologna
bulls $4Q5; calves, receipts none; COM
pared with week ago mostly Soc high
er; best lights largely $797.50; few up
to IS; seconds mostly $4G5.
Hogs-Receipts 200: market about
top $10.35; better grade light
and butchers $1OQ1o.35; packing sows
around So; few pigs $11.
Sheep-Receipts $50; mostly packer
direct; market compared with week ago
to Csc higher; on lambs and
y~earlings; 25c95oc lower on sheep.
Great Falls tribune. [volume] (Great Falls, Mont.) 1921-current, 1922-05-07
LIBERTY BONDa,

closed: 3Ms 500. 40: first Is $sS.6s; sec
ond Is $S9.36; first AVS $3.50; second
AS $685.: third AIS $99.74: fourth AVS
1895; Victory 3As $4,000; Victory 4As
$100.56.
Great Falls tribune. [volume] (Great Falls, Mont.) 1921-current, 1922-05-07
NEW YORK SUGAR.

Now YORK Way futures
closed steady; approximate sales $3.50
tons; May $3.50; July s2.S1; September
S2.e6; December 1882. The market for
refined was quiet and prices were un-
cha aged at $5.25 to $40 for fine sranu-
lated.
Great Falls tribune. [volume] (Great Falls, Mont.) 1921-current, 1922-05-07
At apOKANE

Spokane. May 6.-Cattle-Receipts rs;
market steady.
Hogs-Receipts 80; market steady.
Sheep-Receipts SO; market steady:
no change In quotations.
Great Falls tribune. [volume] (Great Falls, Mont.) 1921-current, 1922-05-07
AT PORTLAND

Portland, May 6.-Cattle steady; NO
receipts.
Hogs steady; receipts 80.
Sheep steady: receipts ~.
Great Falls tribune. [volume] (Great Falls, Mont.) 1921-current, 1922-05-07

New York, May 6.--Butter-Firm.
Eggs-Firm; fresh gathered extra
firsts 2sk Q2sc; ditto firsts 2sh 02sMc.
Cheese-Weak.
live and dressed poultry-Firm and
unchanged.
Great Falls tribune. [volume] (Great Falls, Mont.) 1921-current, 1922-05-07
BUTTER. EGGS. PRODUCE.

BUTTER, EGGS, PRODUCE.
Chicago, May 6.-Butter-Unchanged
Eggs-Higher; receipts 3S.5ss cases:
firsts 24G24hc; ordinary firsts 21KR
22c: miscellaneous c3023hc; storage
packed extras c6K 026hc; storage
packed firsts 25Ac.
Poultry-Unchapged.
Great Falls tribune. [volume] (Great Falls, Mont.) 1921-current, 1922-05-07

Sales: Stocks 617, 200 shares; bonds
$7.43o,0OO. Weekly: Stocks $3.50, 600
shares; bonds $S2, 469 900.
Great Falls tribune. [volume] (Great Falls, Mont.) 1921-current, 1922-05-07

has gone by Without any appreciable
gains. New -seruri.y-- Offerings Com
Time. to be well taken, but the. gen
eral run OF Investment issues stopped
going up nearly a month ago. 1t is
hard to see how another upward move
ment can start without a further re
duction in money rates. 1t is equally
hard to see how the money market
can work materially lower. now that
trade is absorbing q constantly ~increas-
ing amount Of capital and diverting it
from the loan and investment markets.
Great Falls tribune. [volume] (Great Falls, Mont.) 1921-current, 1922-05-07

SILVER.
New York. May 6.-Foreign bar sill
yer 69c; Mexican dollars 52%c.
London May 6.-Bar silver 35d per
ounce.
Great Falls tribune. [volume] (Great Falls, Mont.) 1921-current, 1922-05-07
AT OMAHA

Omaha. May 6.-Hogs-Keceipts 5000;
market uneven, mostly steady; bulk 200
pounds up to 500 IS @1o.25; top s1O.55.
Cattle-Receipts 100; compared with
week ago: Yearlings and light weight
beef steers weak to 15c lower; others
20c to 35c lower; she stock strong to Csc
higher; bulls fully Csc higher; veal 25c
@75c higher: stockers and feeders fully
steady.
S~heep-Receipts 1900; compared. with
week ago Spring lambs 50c076c ow-
er; clipped lambs 25q5 Soc higher; sheep
steady; feeders Csc lower.
Great Falls tribune. [volume] (Great Falls, Mont.) 1921-current, 1922-05-07

AT DENVER
Denver, May s.-Cattle-Receipts 100:
market steady; beef steers $6.60@s;
cows and heifers $4.25G7.50; calves $3.50
@11.50; bulls $394.6O; stcckers and feed
ers $6g7.60.
Hogs-Receipts 1b0; market 1ocG15c
higher; top $10.25; bulk $8.s0G10.15.
Sheep-Receipts 800: market steady;
lambs $1G26G16.50; ewes S7.bO99.
Great Falls tribune. [volume] (Great Falls, Mont.) 1921-current, 1922-05-07
AT CITY

III NANEhS VIII
Kansas City, May 6.-Cattle-Receipts
325; for week: Beef steers weak to 25c
lower; top ss.75; fat she stock mostly
strong to 25c higher: bulls mostly 50
other classes generally strong to 25c
higher.
Hogs-Receipts 1000; active to pack
ers; fully 10c higher than yesterday;
bulk good and choice 100 to $50 pound
ers s10.S5G10.5O; medium 176@21o pound
S10.1o@1o.5o; sow $s6s.25: medium to
good stock pigs S10d10.15.
Sheep-Receipts one today; for week
generally Soc higher; shorn lambs 4Oc6
CSC higher: wooded lambs 15c125c high
springs SIS; few naivtes S16.7 |.
Great Falls tribune. [volume] (Great Falls, Mont.) 1921-current, 1922-05-07

Three cents discount per ID. under 81
lbs.
Mixed wheat, loo less p~redominating
grain and grade.
Imperial Valley press. (El Centro, Calif.) 1907-current, 1922-12-19
COMMERCIAL CLUB

Instead of Il charmber of com
mcrcc Brawley has II civic organiza
ton. called the Brawlcy Commercial
Club, This club functions like the
chamber of commerce and is II mem
her Of the Associated Chambers of
Commerce of Imperial Valley.
The club, headed by w. Ii. Lawther
as president and +. j. Trude as see
rotary, is backing and promoting
many activities in Brawley and the
northern part of the valley.
The Imperial Valley Country Club,
the Brawlcy Midwintcr Show, the
L. S. Veterans Bureau, Brawley
Home Builders, and other project
are some of the accomplishments of
the club.
For the 1923 program the club is
working for:
A state highway of II miles con-
Meeting Brawley with the highway
three miles from Wetstmorcland.
More homes for Brawley.
A bigger Midwiner Show.
Increased. membership in the I'M
perial Valley Country Club.
More cooperation with the farm
ers to increase the productivity of
the soil and the prices for farm
products.
Imperial Valley press. (El Centro, Calif.) 1907-current, 1922-12-19
Charles Cadman
to Visit Valley;
Other Big Events

That culture and the more esthetic
side of life is not neglected in Draw
ley is evidenced by the announce
ment of Prof. George r.. Momyer,
principal of the high school, of II
series of coming attractions that
would do honor 20 Il city far larger
than Brawley.
The first of these is the appear
ance of Charles Wakefield Cadman,
famous pianist and composer, to-
gether with the full-blooded Indian
princess who interprets much of his
Indian music.
Cadman's famous composition - At
Dawning," has been followed by
innumerable successes, familiar in
every musical household of America.
He has done more than any other
American composer to revive the
haunting beauty and charm of Amer
lean Indian music, and his Land of
the Sky Blue Water is accepted
everywhere as IL classic of Indian
music. His appearance is slated for
January 5 ut the Brawley high
school auditorium and will doubt
less call out ecord-breaking at
tendance. Cadman appeared here
last spring and made such Il favor
able impression that his return is
eagerly awaited. Cadman and the
princess have just returned from an
eastern tour that embraced % large
cities, and Immediately after Che
Brawlcy appearance, viii start on Il
comprehensive tour which viii take
them into practically every western
state.
On January %, William Rainey
Bennett, famous lecturer, will appear
at the high school auditorium. De-
tails of his engagement will appear
later in the columns of the Press.
Grand opera is slated for the lat
ter part of February, when, it is
promised, high class opera com
pany will appear on February 26
and give the valley residents a real
musical treat.
According to Professor Momycr,
the County Federation of Women S
Clubs and the Associated Chambers
of Commerce are helping to sponsor
these high class attractions, with
Brawloy chosen because its high
school auditorium has greater seat
ing capacity than amy other hall in
the valley.
Events of this sort are big enough
TO draw attendance from all parts
of the valley, and well-filled house
is expected to greet each perform
ancc.
Imperial Valley press. (El Centro, Calif.) 1907-current, 1922-12-19
One City Example
BY C. w. BARTON

the component constitute the whole Imperial
thriving
FThcre Spirit man. There spirit Brawcy 1t
of intense local pride and loyalty 1t spirit of faith the city !
Bawey
we'll The
including
their building activities Bawey they results 1t
something for the other cities to think about
At the we gate the city of Brawley there is spot which
the pride of Imperial Valley When the resident of Mount
Signal the valley the
Brawley municipal the example
Imperial Valley itself The
civic effort
piled direction The municual building exavagant but
artistic. 1t shows community thing of beauty
delight forever What there ground taken 1t is kept
in order and from time time touches expression of civic love-
added to make the spot still attractive.
What
individuals
1t is reflected resident the city
exhibit civic pride the
whole. More Bwley the whole Imperial
Valley better individual
the the shrubbcry Brawey civic
ton for the ,.0
Imperial Valley press. (El Centro, Calif.) 1907-current, 1922-12-19

The time must come when all
businesses will consider the advls-
ability of advertising in the same
spirit that a manufactures pom
ders over the ACCESSIBILITY of
adopting new machine. One
does not install piece of labor
saving mechanism because it suits
his fancy; but because the effici-
ency of the business requires it.
He expects the new machine to
reduce his cost to operate-per-
haps to make better product
and thus aid him in meeting COM
petition and making larger pro-
fits.
Advertising is exactly similar.
The man who refuses to consider
it as a possible expedient, simply
shuts his eye on one of the prob
lens of his business. He might
as we'll ignore the banks as
sources of credit when he has
need to borrow capital.
Imperial Valley press. (El Centro, Calif.) 1907-current, 1922-12-19
CITY's GROWTH

With a growth of more than 5000
in 10 years Brawley expects, with
continues prosperity, to have a pop
ulation of over 10000 by the fed
cral census in 1880.
The population estimated by the
Commercial Club is now 5000.
There are now 100 business houses
doing well in the city.
Brawley has 10 churches with
growing memberships.
The city has over six miles of
paved streets, % miles of sidewalks
and curbs, several hundred orna
mental street lights and contracts
have been awarded for one and one
half miles of additional full width
street pavement with side walks
and curbing.
The city with the assistance of
the county is paving SIG feet com
pleting the paved highway to Cali
patria. With this pavement the
city is in good condition as far as
pavement is concerned.
Imperial Valley press. (El Centro, Calif.) 1907-current, 1922-12-19
ABuSineSS MotivePoWer

On the other hand, the man
who looks to advertising to check
mate all weaknesses and short
comings of his business and to
carry it along to victory despite
these, has childlike faith in the
miraculous.
Advertising will not make his
product or his service any better
than they are but it will bring
him the full benefits of their
merits. 1t will not eliminate
wastefulness in his factory or his
store; but it will reduce his cost
to operate. 1t will not make illog-
ical selling methods successful;
but it will assist good selling
methods, and often point the way
for improving them.
Advertising is the most mex
pensive motive power that the
manufacturer or merchant can
buy today. 1t is form of stimu-
lus that brings excellent returns
on the investment.
Imperial Valley press. (El Centro, Calif.) 1907-current, 1922-12-19

The Imperial Valley Melon Grow
crs Exchange, the Alfalfa Growers
Exchange and other organizations
have been formed by the farmers in
cooperation with the business men
of that city.
For the next six months the
Southern Pacific station at Brawlcy
will be bee hive of activity. Elk
press shipments as well as freight
shipments bring thousands of dollars
daily into Brawley.
For miles around Brawley can be
seen wagons and trucks hauling the
products of the soil TO the great
shipping center, located in one of
the richest spots in California. Draw
ley expects to continue its rapid
growth and is making plans for q
city of twice the size within 81 few
wears.
Imperial Valley press. (El Centro, Calif.) 1907-current, 1922-12-19
New Country Club Rapidly Assumes
Shape and Will Become the Best
known Play Spot in the Valley

Less than a year old, the Imperial'
Valley Country Club, located three,
miles east of Brawley, has taken
its place as the leading outing cen
ter of the entire valley, and num-
bers in its membership 125 of I'M
perial Valley s leading sportsmen.
With Il successful racing and
sports program to its credit on
Thanksgiving day, the Country Club
is now busy preparing for greater
day New Year s day when automo
bile races and other sports will be
enjoyed by hundreds of people of
Imperial Valley.
Early this year cnterprising citi-
zens of Brawley became interested
in the possibilities at Alamorio, and
after enlisting the help of leading
men of the alley organized the I'm
perial Valley Country Club.
A membership drive is now being
conducted, which is expected to
bring the membership up to $50
within month.
No limit is to be placed ON the
membership, affording an opportun-
ity for every person i'll Imperial
Valley to enroll if he wishes.
Golf and Tennis Courses
A 17-hole golf course, tennis
courts, an automobile race track,
football field, baseball diamond,
traps for gun clubs, dancing floors,
swimming pools and Il luxurious din
ing room are some of the things to
be provided ut once for the enter
tainment of Imperial Valley S ever
growing population.
j. C. Archias, vice president of the
club, one of the valley s leading
landscape gardeners, has been en-
trusted with the responsibility of
beginning the work of beautifica-
ton of the club S 40 acres of land.
A large club building, 80 by 100
feet, is to be erected between the
circular swimming pool and the race
track. This building is to be colo
NAL style, painted white, and will
be built with a dance floor surround
ed by dining tables. An orchestra
pit will be provided as well as u
stage for presentation of theatrical
acts or home talent plays as ocea-
sion should demand.
Expert Chef Will Preside
A kitchen will be built i'll con
nection with the dining room, where
IN expert chef will preside and pre-
pare meals at any time.
Surrounding the pool of 110-foot
radius will be II pergola carrying
out the colonial effect. Bath houses
are to be erected ut the large pool
and an electric fountain in the cen
ter will be the most beautiful sight
at the club by nights.