davidaulloa/AmericanStories huggingface dataset:
The Bozeman courier. (Bozeman, Mont.) 1919-1954, 1922-12-06
CONGRESS To PASS
LOAN MEASURE

WASHINGTON, Dec. 1.-The adj
m~inistration had ready today a defin-
lite program of legislation for the fin
ancial relief of farmers, formulated
in agreement with Senate leaders on
both the agriculture and banking
committees and to be passed with
their support at the short session of
Congress Approved at a conference
yesterday between President Harding.
Secretary Wallace and Is Republican
Senators, headed by Senator Lodge,
majority Senate leader, and Senator
Watson, of Indiana, who has been
making an active survey of the qnes-
ton, the program contemplated util-
i2ation of the federal farm loan board
as the agency for extension Of larger
and more liberal credits, both as &c
interest rates am time, TO meet the
present agricultural necessity.
The relief plan, designed to reach
the small farmer as well as the large
cattle ~raisers and grain growers, was
outlined IN q statement following ths
conference BY Secretary Wallace ana
Senator Lodgs. 1t il proposed By u.s.
Of The farm loan board o. the medium
Of government relief 10 make it avail
able II the thousands OF small farm
ers who reed II and who, in the opin
ion III those Al kEas conference. hav'
not anazaa as heavy "a Inc large
:. grain and cattle producers. tn Iii
The Bozeman courier. (Bozeman, Mont.) 1919-1954, 1922-12-06
FINANCIAL AND BUSINESS SURVEY

Developments in the field of inter
national trade during the coming, year
seem likely to emphasize with cum
ulative force the fact of the funda-
mental unity of. the world and, incl
dentaliy, the. unwisdom of those leg
islative acts in the United States. IN
regard to the tariff and war debts,
in which this unity has been so mark
edly ignored, states the current issue
of the Guaranty Survey, published by
the Guaranty Trust Company of New
York.
The price of the policy of ISOLATION
thus far adopted, the Survey declares,
must inevitably be paid in a foreign
trade below what would otherwise De
developed, with all that this implies
in readjustments in domestic indus
try and agriculture.
Events, it is hoped, may soon bring
to Congress and the public a convic-
ton of the shortSightedness of pres
ent policies and tend in time to COM
pei sone modification of them. Moth
ing is more needed today than .
broader comprehension of the grave
danger of present world conditions &c
every element of life and business
Only with such knowledge will pm .
willingness to shoulder the tasks In
volved in meeting them effectively
1t is evident that the situation II
Europe is still largely under the dom
nation of those powerful influences
which have been retarding economl
restoration for so long, and which
show as yet little a~melioration. Chic
) among these influences is the condi
ton of Germany, and the question 0
German Preparations still overshadow
every effort for financial readjust
ment. The moratorium of six month
Il which has recently seen arrange
gives only a breathing spell and at
fords no solution of existing Difficult
ties.
Fortunately, the perils OF the situa
ton are becoming so obvious to a
that there is increasing hope of som
concerted action by the nations in re
gard to Preparations anG information;
debts which may check the preser
debacle before it becomes complet'
1t is, in fact, imperative that this di:
aster be avoided and some way foun
to keep Germany f%unctioning as
The Bozeman courier. (Bozeman, Mont.) 1919-1954, 1922-12-06

great producing and consuming nation
if there is to be any hope. OF. the re-
turn of Europe to economic health or
any likelihood of continued payment
by Germany Of it's foreign indebted
ness.
The international trade of all coun-
tries a proceed but haltingly until
this. readjustrnent has in, some way
been brought about,, and it is, evident
that initiation cannot be checked and
the present difficulties of Germany
overcome without. some form of
agreement among the other nations
interested which will compel q return
to Eound financial policies IN that
country.
Great Britain has found some cause
for satisfaction in the fact that her
foreign trade for August was main
tanned at the level of July, while Sep
| TENDER exports were 92,270,0O0 more
than those In August, although appre-
/ hension is felt as TO the ability of
| Germany, her largest continental Gus
toner, to continue the present scale of
purchases in the face of the financial
difficulties which are steadily increas-
ing.
A more hopeful tone characterizes
business in Great Britain, however,
and the coal industry especially still
feels the effects of the heavy demand
from the United States which result
ed from the strike in the American
coal fields. Steel and coal produc.
ton are improving.
From the Brussels office of tbs
Guaranty Trust Company comes the
information that the Belgian indus
trial situation is really improving anC
may be considered definitely mor'
satisfactory. Prices, while not yer.
remunerative as yet, are better, ans
both home and foreign demand is con
siderable. In the coal industry in
quiries for export are satisfactory
orders coming in from France, an
) especially from Holland and Switzer
land.
The Paris office of the Guaraant
t Trust Company states that in spite o
the lull which each year takes plac
in political, parliamentary, induStis
1 and commercial life in France durin
a the holiday period, events appear {
Z be moving during the last thre
, months in a direction which promise
to lead positively to the reconstrut
ton of Europe, and France in partit
ular.
1t is recognized that the problem {
that nation is essentially a financi;
one, as most of the essential element
which would contribute to the restor;
ton of prosperity could easily enoug
be found within it's own border
thanks to it's agricultural resource
i its greatly increased industrial capa
ity, and notably to its deeply roote
spirit of sustained and patient labt
! and economy.
Q As the hope of obtaining expectt
a money payments has become more al
Q more remote in proportion to the fs
: of the German currency, public OPT
/, ion IN France is becoming reconcile
to the idea OF payment in kind, a
definite steps are at last being talk
. to realize an increasing proportion
]. PREPARATIONS by this method.
-
The Bozeman courier. (Bozeman, Mont.) 1919-1954, 1922-12-06
VOCATIONAL

After December 16 no applications
win be received by the Veterans Bu-
reau for vocational training. The
date was fixed by act of Congress.
and probably will not be extended.
The bureau has used every to
locate all deserving ex-soldiers and
inform them of their rights as TO
training, compensation, ETC., hopping
up squads have secured remote re-
gion5 of the country in search for men
who had not heard of what the gov
eminent was offering them, and It is
believed that practically every indi4
vidual entitled to relief has beer
found. Not only are the men being
given vocational education according
to their ability, but through the ef
forts Of the Veterans Bureau they
are being placed in paying position,
- fast as theySare graduated Nearls
eyegk employer OF labor Is giving
preference to the ~ex-service men Ii
filling vacancies in his establishment
The Bozeman courier. (Bozeman, Mont.) 1919-1954, 1922-12-06

atoms under which heb da operated.
Specifically the plan proposed an
increase in the maximum loan limit Of
the federal farm banks from $4,000
to SIS, 900, amendment Of the farm
loan act to provide for the r~ediscount
of agricultural production and mar
keting paper, with q maximum credit
period of three years and creation of
"a division in the farm bank system
to deal specifically with this class Of
credits. Provision for the voluntary
creation of livestock and agricultural
credit associations to deal primarily
with livestock loans also is proposed,
The Bozeman courier. (Bozeman, Mont.) 1919-1954, 1922-12-06
MONTANA HEALTHY.

Montana's death rate m 1921, the
lowest of any state in the Union,
according to figures from Washing
ton, d. c., was SO per thousand in
that year, according to a report COM
piled by the bureau of vital stasties of
the state health bureau.
Montana has stood for two years
at the bottom of the list Of death
rates of the 42 states of the Union.
There We're 4,695 deaths in the state
in 1921, as compared with 1922
births. In 1920 there were $3.50
deaths, and in 1919 5,791.
The Bozeman courier. (Bozeman, Mont.) 1919-1954, 1922-12-06

The alfalfa acreage of Michigan in
creased over 100000 acres this yer
following Italia campaigns conducted
the past winter by agricultural ex-
tension workers In that state, accord
ing TO reports to the United States
Department of Agriculture.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-05-02
Curb Market
BIZ sTUART P. WEST
tCopyright. 1922

New York, May 2. - Small ad-
vances were recorded on the curb
exchange in the first hour today
and dealings were fairly large in
that period, but profit taking devel-
eped and thereafter the trend was
reactionary in many of the leading
issues. Commission houses were
sellers from the beginning of bust
ness and when traders found this
source of demand lacking, they also
turned to the selling side and took
profits. There were some exeep-
tons to the deward tendency, i'm
GLIDING Southern Coal and Iron.
which continued in demand. To-
bacco Products also held we'll.
Pronounced pressure was in evil
depce against the radio issues,
with a comparatively sharp drop in
the common stock. DubilieF Con-
denser, however, resisted profit
taking and receded only a slight
fraction. Gillette Safety Razor
and Eastman Kodak, two of the re-
cent high priced faverites, were de-
.cidedly easier ia the afternoon. The
motor stocks were in moderate sup
ply and moved with the remainder
of the list.
Cities Services old common stock
was the feature of the oil stocks.
The stock reached a new high rec
ord for the year. Profit taking was
in evidence in many of the other
recent leaders but the selling was
not large in volume. Salt Greek
Consolidated showed resistance.
In the mining list Boston and
Montana Corporation stock at
traeted attention. There was an
active demand at the start but aft
er a good advance heavy selling
came into the market and a sharp
reaction followed. Other mining
stocks were irregular.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-05-02
Kansas City livestock.

Kansas City, Mo-, May Cattle
receipts, 1900; beef steers steady
to weak; top, $40; yearlings and
she-stock, steady to higher; sew
eral loads yearlngs, 500; yearling
heifers, $40; heavy heifers, IT'S;
best cows, 6.50Q6.75; bulk others,
5.50@6.25; calves, strong, sc high
er; vealers, 9.00@9.50; few small
lots, 1000; bulls, % cents higher,
450@ 500; Gamers and cutters,
3.00@475; stockers and feeders,
steady to strong; stockers. s.05q
825; good feeders, 100000.
Hog receipts. $4,000; slow; to
shippers, round Is cents lower; lat
er sales to packers and shippers,
Is to 20 cents lower; closing most
Iy % cents lower; shippers paid
1O.o0@10.15; 100 to 275 Founders
to packers, 995Q1005; packer top
1910; throwout sows, S.50@8.75;
stock pigs, steady to weak; desir-
able kind 1O.15@10.40; few at 1880.
Sheep receipts, 5000; shorn
Texas sheep and lambs, steady;
wethers, $50; lambs, 1850: Colo
RADIO wooded lambs. strong to 10
cents higher; top 1870; most early
sales 15.40Q15.60; native spring
lambs, 1915.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-05-02
YANKS' GERMAN
WIVES ARE BIG
U. S. PROBLEM
Continued from First Page.)

Continued from First Page)
as to their prospects in life since
they reached America. In Ger
many, at the present rate or ex-
change, the $50 a month of dough-
boy was a fortune. At the time
when German marks reached the
hundred to dollar. this $50
month amounted to the normal
equivalent of more than 1000
monitor about $4,000 a year.
Of course the money did not aeeu-
ally amount to that much, for the
purchasing power of the mark rap
idly declined. At its worst, how
ever, the doughbey's salary in
marks amounted to far more than
a fraulein of the RhiReland ever
dreamed of possessing.
In this country $50 has been
found to be s30-and hardly that.
Wives have found that they could
go out as cooks in New York and
earn from $50 to $50 monitor
twice as much as their husbands,
confined in barracks. This has not
made for domestic happiness.
Wives with children has not been
able TO go out as freely and con-
seauently have suffered the great
er physical privations.
Wanted to "See America
General Robert Lee Billiard, in
command at Governors Island, has
done everything possible 10 pro-
vide for the German wives landing
in New York harber. Some two
hundred apartments were prepared
for them at Fort Slocum, which is
on an island. The wives were not
content with life there. They
came to see America and wanted
| to see it first, SO they rapidly
drifted into New York city and
many, many OF them have been
swallowed up there.
! At Camp Dix, N. j., there are
new $50 German and French wives
| living with their soldier husbands
| in government barracks. But Camp
| Dix is to be abandoned. The sol
dieFs are 10 be scattered to Vari-
Gus posts. The army cannot pay
for the transportation OF any wife
married to a man below the grads
of first sergeant The private sol
/ diers have no money for this
/ trans portation, either.
! During the last several months
| General Allen has forbidden sol
| der below the rank of sergeant II
marry in Germany. Prior to thu
issuance of this order, marriags
was unrestricted.
Private soldiers stationed in tbs
United States are not permitted II
marry.
i One solution of the whole prob
lem may lay in the immediate dis
charge OF all married men wht
! desire ii. Then with so much TN
employment, some of the soldier
will believe $50 In better thaa
nothing.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-05-02
MAY WHEAT IS
STRONG; CORN.
AND OATS FIRM

Chicago, May 2-Trade in wheat
was exceedingly slew. Sentiment
was bullish but owing to the lack
of outside interest, the market be-
came easily everbought and reac-
tons featured the days trading.
May held strong and it looked as
though the leading longs were grad
ually putting the screws on the
shorts. Vessel room is scarce and
this is preventing the longs from
getting their wheat out Weather
map showed warmer weather but
precipitation was again noted in
the southwest where some letup
in the rain is desired There was
little milling demand for wheat in
evidence while export business
slowed up, although early there
was report of some Italian pur-
chases OF Durham wheat. Receipts
in the southwest are not coming up
to expectations, although revivals
at primary markets were bigger
than those OF year ago. Some
complaints of damage to the French
wheat crop we're received. De-
liveries on May contracts were
$50 200 bushels
Corn was strong early on buy
ing for local account and some de-
mand from commission houses
was noted. Country houses sold
later and forced covering. The
domestic demand for corn was
moderate while short bids were out
of line. Seaboard reported little
business worked for export. Re-
ceipts continue heavy. Weather
continues to delay field work in
many parts of the belt. Deliveries
on may contracts were $4,000
bushels.
Oats were firm. There was buy
ing on the improved cash demand.
Cash interests bought May and sold
July and there was d little li9uida-
ton in July Deliveries on May
contracts were s6s,600 bushels.
Provisions were quiet and firm.
There was a better cash demand,
especially for heavy dry salt bel
: lies.
The wheat market closed un-
changed to 21ac higher; May,
1.43as 9143A; July, 1.2S g @1.2s3z;
September, 1.19% @I197s.
Corn closed 1sc higher to 11sc
/ lower; May, 81 s. @62c. July, 655sc;
September, 5Sc. Reports of resell
ing corn by a corn products COM
pany caused the late selling,
Oats were quarter to half cent
higher; May. 57zs @37A @3T &C;
July, 4O1s @40Ac; September, Al lac.
I Pork closed unchanged; lard. sc
higher, and ribs, 15c higher to SC
| lower.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-05-02
Bond Market
BY sTUAKT r. WEST
feppyrigEt ioH9

New York, May 2.-Severai ne"
bond offerings we're sold here To-
day. The. largest was sie.eee,ose
twenty-sear. nen-callahle 6 per cent
gold bonds of the Union Oil COM
pany OF California, issued a. Luz
and accrued interest. An 1s'oie
share cumulative preferred STOCK
Offering of the Metropolitan Edl-
son company and se.ass,sss Grea'
western Power company OF can
fornia 6 per cent FIRST and refund
inng mortgages, series G bonas que
1852. sold at par and interest were
the most important public uulfts
loans. Among the municipal issues
the largest were $500 600 City OF
Baltimore water and improvement
5 per cent registered bonds sold 70
yield AS per cent, and $6,2So,ooV
so and per cent various CITY
bonds, maturing 1923 to 1852 The
leans were reported to have been
well IN. A $1,e5e, zoe Slzer
Steel soration first telosedl
moFtsa. - year sinking fund {
per cent gold bond issue was soln
at asa. BY comparison with the
preceding weeks sum total or new
financing, Mondays and today's OF
feriags appear small. However
negotiations are progressing lot
anorner foreign loan to a South
American country and tdat is Ike
under the continued low money
rate. The amount for the whole OF
the current week will be quite
large. Trading in bonds today was
only moderately active and prices
were still irregular. Liberty bonds
sold off most of the time from Mon
DAYS final. British and French
external loans were little changed,
while the Sweden 6's reached a
new high for the year and there
was special strength in City OF
Burieh SIS and Argentine IS and
Swiss SIS.
Greater New York traction bonds
were favorites with the Inter
borough Rapid Transit SIS selling
above -. Hudson and Manhattan
adjustments and marlborough Met
repolitan AIS were inclined to re-
act fractionally.
In the industrial section L. S.
Steel sinking fund SIS rose a half
point, American Sugar 6's rose 10
their highest for 1922, and special
strength came into American Tele-
phone and Telegraph SIS New York
Light, Heat and Power SIS and New
York Dock AS. Public Utility Is
sues were active and generally
strong. The movement of high
grade railway mortgages was fea-
tureless. More interest was taken
again in the lower priced railway
bonds.
The Fries and st. Pauls remain
ed firm. Great Northern bonds were
all active at or near their recent
highs. Big Four 6's again struck a
fresh top for the year. Ann Arbor
As declined about 2 points while
Wisconsin Central As gained two
points.
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-05-02
Market
BIZ STTART r. N ESQ
Copyright. 1871

New York, May 2.-The firmness
served to encourage manufacturers
and their agents and many mills
are inclined to demand prices
shade above nominal prevailing
quotations even for May and June
deliveries. This attitude had some
restricting effect on the volume of
business today although a good
volume of wide and narrow print
cloths and sheetings changed
hands. The tailoring trades are
buying sateen and pocketings and
drills, twilis and tire fabrics all
came in for considerable attention
at firm prices. The market gained
added support by the sharp rise in
the raw staple.
The strength of the raw silk
markets in the Orient and here has
not found manufacturers willing to
follow the advance up and trading
was in restricted quantities.
WOOL.
Boston, May There was not
slackening in the activity in the
wool market today. Dealers here
are reseatfuI of the tendency of
manufacturers to invade the rang
es and buy direct from growers.
The sale of the Sheshone, Idaho
pool. aggregating 100000 pounds
at thirty cents a pound in the
grease, had a decidedly stimulating
effect on the market for territory
woods. That price is estimated to
be about double the figure obtained
BY growers last year. Foreign
markets were reported very strong
with prices on the increase al
Bradford
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-05-02
Liue Stock
Chicago Livestock.

Chicago. May Cattle, re-
ceipts, 1900; active; generally
steady to strong on all classes top
matured steers and yearlings, 900;
bulk beef steers, 7.75@S.65; veal
calves slow, undertone weak, pack
ers bidding mostly 7.o0Q7 so; few
best handy weights to outsiders sac
and better.
Hogs, receipts. $4,000: opened
mostly Ice lower; later mostly 10
to zoe lower than yesterdays aver
age; undertone weak, top 1880
early; practical top 1880; bulk.
10.60Q10.45; pigs, steady to shade
lower; bulk, 9.75@ 1e.45; packing
sovs, 10c lower.
Sheep, receipts, $4,000; spring
lambs irregular; some soc lower;
top CALIFORNIA;, 1915; other
classes mostly steady; top shorn
lambs, 1880; top wooded lambs,
1850; light shorn Texas wethers,
10.00@10.10, shorn 80 Id. yearlinss
and two's, 1875; fshorn lis lib. Cali
fornia shown ewes, $40
AUtxS,
The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-05-02
STEERS STEADY
HOGS DINE OFF;
LAMBS UNEVEN
fBy Conselldated Pressl

tBy Consolidated Press-1
L. S. Yards. Chicago. May -
The supply of cattle and hogs
shows an increase over week
ago. Improved conditions IN the
market for beef products helped
the trade for the stock on the
hoof. Other branches OF the live
stock trade were uneven today
Receipts were estimated at 1000
cattle. $4,000 hogs: $4,000 sheep,
and 1900 calves.
CATTLE.
Demand for steers was active
and sellers found It easy To held
values steady. Many heavy steers
sold at 9.a00. while yearlings also
made the price for prime lots. Bulk
of steers sold at 7.50GS.60, Cows
sold at s7.006725 for the best on
at 10m15c higher market, while
Gamers were steady and bulls
easy. Calves sold mostly 25c low
er as the supply was large. Choice
vealers went at S700G 500.
HOGS.
Light hogs were in fair demand,
but values were mostly a dime off.
Other grades of hogs were slow,
with a decline of 100 for all
heavy stock. Some light hogs sold
at $1060, while choice heavy
butchers went at 10.G0@t0.30, but
rough packers sold at S9,00Q9.2o.
SHEEP.
Spring lambs we're uneven.
Sales at $3.50 were called lower,
while some at $3.50 were strong.
Aged lambs were steady, best
shorn stock going at $l4.S0 70
shippers. Shorn ewes at $500
were also steady.