davidaulloa/AmericanStories huggingface dataset:
The Miller press. [volume] (Miller, S.D.) 190?-current, 1922-01-05
WHY IL Z ARE RICH

Elkton Record-The business man
who rolls up bank accounts in bad
times as well as in good times Is the
business man who advertises all the
time, but harder and stronger than
ever in bad times. That's because he
THINKS.
His thinking tells him that when
times are good everybody has money
and it isn't hard for his ad to reach
as many customers as he needs to
buy his stock of goods-say so out of
every hundred people, OF so per cent.
But when times are bad, perhaps
only so people out of every hundred
spent easily. He knows that where
his average advertisement reaches so
spenaers out of the hundred in good
times, in hard times the same adver-
tisement, with the same reaching pow
er, will still reach so per cent of the
so spenders, or 25. But that's only
half of what he is accustomed to. and
needs; o he must have all or nearly
all the SO %spenders in order to equal
his good times business. So he girds
up his loins, fixes up a bigger ad, a
~wallopingly attractive ad, and If he
uo05h ICdSh all thC w ppCuuCiS NC
ocmes pretty near to it.
That is the system of the biggest,
shrewdest advertisers in America.
You don't see them cutting their ads
this year. You just simply saw them
making their advertisements bigger,
stronger, more i~ntelligently drawing,
That's why they are rich-John
Wanamaker, for instance. And mind
this: The figuring and the principal
involved takes no account of whether
het advertising is done in New York
tor Smithville. The figuring is done
on percentage of people. The princi-
pie is the same whether your business
has been accustomed to deal with 1000
people around you or whether you
have been accustomed to deal with
one million people around you.
If you did a satisfactory business
In a community of 1000 in good times,
you can do a reasonably good business
in poor times. When few people have
money, you must get a greater per-
.centage Of that few than you got be-
fore of the many. You do it by
ADVERTISING.
The Miller press. [volume] (Miller, S.D.) 190?-current, 1922-01-05

We are again making 6 per cent
80 year loans on improved farms, oc-
cupied by owners. Inquire OF A. B.
Catalan, Sec'y First National Farm
Loan Assn.
The Miller press. [volume] (Miller, S.D.) 190?-current, 1922-01-05

Pictures of children always provoke
the query. When was 1t made? The
date is half the interest. With an
Autographs Kodak or Brownie the
date is written on the film at the time
through the exclusive Eastman Auto
graphic feature.
Collins & Shaw, Agents.
The Miller press. [volume] (Miller, S.D.) 190?-current, 1922-01-05

Miss Florence Anderson departed
Tuesday evening for Mankato. where
she is taking a business course, after
spending the holidays at her home in
this city.
The Miller press. [volume] (Miller, S.D.) 190?-current, 1922-01-05

Danish that awful insomnia that
worries you every night. Let your
sleep be restful and refreshing. Tan
lac does it. Collins & Shaw.
The Miller press. [volume] (Miller, S.D.) 190?-current, 1922-01-05

Misses yeda Miller, Helen Miller
and Preston Miller departed Tuesday
evening for vermillion to resume their
studies at the University. after spend
ing the holidays at their respective
homes.
The Miller press. [volume] (Miller, S.D.) 190?-current, 1922-01-05

Fred Spain departed Monday night
for Rapid City, where he is attending
the School OF Mines, after spending
the holidays at his home in this city.
The Miller press. [volume] (Miller, S.D.) 190?-current, 1922-01-05

Miss Dorothea Halbig departed
Tuesday evening to resume her school
duties at vermillion, after spending
the holidays at her home in this city.
The Miller press. [volume] (Miller, S.D.) 190?-current, 1922-01-05

Mr.. and Mrs. A. l.. ~Brandmire, of
Huron, visited with Mrs. Brandmire's
mothers, Mrs. Jessie Chambers and
other relatives.
The Miller press. [volume] (Miller, S.D.) 190?-current, 1922-01-05

This Is just the place to come for
just the camera you want. Our stock
of Kodaks and Brownies is complete.
Collins & Shaw.
The Miller press. [volume] (Miller, S.D.) 190?-current, 1922-01-05

The Edison Record is the only un-
breakable record. We have all the
latest song and dance hits.
Collins & Shaw.
The Miller press. [volume] (Miller, S.D.) 190?-current, 1922-01-05

III you want an electric washer get
our prices. They are right. Maytag
and Woodrow.
Miller Hardware Co.
The Miller press. [volume] (Miller, S.D.) 190?-current, 1922-01-05

Mi. and Mrs. Guy Peterson departed
Monday evening for Minneapolis, after
weeks visit at the A. j. Jameson
home, and with other relatives.
The Miller press. [volume] (Miller, S.D.) 190?-current, 1922-01-05

During the high wind Friday a
plate glass window in the j. W. John
son department store was blown in.
The Miller press. [volume] (Miller, S.D.) 190?-current, 1922-01-05

A position guaranteed If you attend
the South Dakota School of Business.
WATERFOWL. Get further information
today.
The Miller press. [volume] (Miller, S.D.) 190?-current, 1922-01-05
ADDITIONAL LOCAL

School will be resumed Monday, fol-
lowing a two weeks holiday vacation.
The Miller press. [volume] (Miller, S.D.) 190?-current, 1922-01-05
THE MILLER PRESS

Entered at the Postofice, Miller. 8. d.
az Second Class Mail Matter.
The Miller press. [volume] (Miller, S.D.) 190?-current, 1922-01-05
$500 PER YEAR
TAMBLYN BROS Publishers.

The Press celebrated its fortieth
birthday yesterday. The first issue of
the paper was published on January
4th. 1882.
The New York herald., 1922-04-30
FINANCIAL NEWS
AND COMMENT
mdustrials Gain Lead by Oils
in New Speculative Buy
ing Movement.

The reactionary tendency OF the nrst
half OF the week was completely
shouldered aside in yesterdays stock
market, new speculative buying OF pc
troleum shares leading most of the in
dustrial list upward under heavy busi-
ness, Several oil issues advanced from
2 to points. Former maximum rec
crds for the year were surpassed with
large margin by Standard Oil of New
Jersey. Associated Oil and Standard Oil
OF California. The steel group was rel
atively quiet, although Lackawanna was
lifted more than point through pur-
chases which continued to reflect ex-
pectations OF a steel company merger
OF magnitude in a few weeks. Rail
stocks held steady and many were firm.
Bonds were turned over to an average
total for a Saturday session and prices
held around Fridays closing levels.
The reversal Of stock market form
on Friday and Saturday seemed to indi-
cate once more that profit taking
sales in volume were able to find
ready demand. The decline. which
began in the week before. was
viewed in expert professional quar-
ters as evidence of much distribution OF
pool holdings accumulated early in the
year. The continuous procession of mil
lion share days was considered proof
hat .f
were being passed out to the public
and there probably was much selling by
traders. who had good profits and de-
sired to stand aside for time to ex-
ment. They found few indications OF
industrial growth which had not been
detected, but March railroad earnings
were satisfactory and rehearsing Of cur
rent information about petroleum pro-
duction and consumption aroused specu-
lative endeavor in directions in which
prices had been sluggish for consider
able time. The next market test probably
will be disclosed In the publics attitude
toward stocks depressed the furthest in
the recent decline and many or which
were inclined yesterday to hold back.
AS so-called healthy reaction, some
thing which sold out bulls are SO fond
OF. last weeks reaction was not a shin
ing example. as the average declines
we're small.
The New York Clearing House bank
statement disclosed a. large EXPANSION
of loans in the second half Of the weak,
a movement connected with May l divi-
dend and interest outlays. The report OF
actual condition on Friday afternoon
showed loan increase Of s67,100,00o.
while demand deposits were enlarged
no more than $14.240.o0o. The size Of
loans suggested that call money rates
might be trifle firmer for day or two
than they were last week.
The New York herald., 1922-04-30
Market Comm ent.

1--WE expect no general weakness and
feel that, on any setback, standard IS
sues may be bought with Confidence
Munds & Winslow I'VE look for higher
prices during the coming k."--Brum-
ley, Chamberlin a. Co. THE market has
been and probably will remain from time
to time critical."--Josephtha e. Co.
aside from a weakened technical posi-
tion no good reason, perhaps. exists why
more than temporary setbacks should be
in order."-Henry Clews & Co. THE
market position looks uncertain enough
to warrant taking profits. especially in
the industrials. Prince & Whitley.
There are likely to be trading profits II
stocks are bought on very violent reac-
tions. s."--McCiave & Co. I'VE think II Is
the part OF wisdom to select stocks which
came through the depression most
easily Hemphill. Noyes & Co. I'VE
reiterate that basic conditions remain
unchanged and that purchases OF stocks
on these levels or on any recession will
be rewarded with handsome profits in
the near future."-W. w. Cohen & Co.
"The reaction put the market in a more
healthy ondition."--Spencer Trask &
Co. "The long trend Is upward. and any
interruption that might occur as con-
sequence of the necessary readjustment
In the technical position of stocks would
not be more than mporary."--Springs
& Co. "The market Is plainly In good
shape for another move forward, IL Eu-
ropes political differences and jealousies
can be sufficiently smoothed over to per-
nit constructive work by the European
American banking groups that are or
ganizing. Chiids & Co. THE
technical position Is now much stronger
from the reaction, and stocks should
again be bought on weak spots."--w E
Hutton 4 Co.
The New York herald., 1922-04-30
BEAVER BOARD COS.
BEAVER BOARD CO.'S
Bank and Merchandise Cred
itors to Get Notes of New
Holding Company. y

A modification of the Beaver Board
it's managers and committees. Under the
modified plan the bank and merchan-
disc creditors of the holding company
and it's subsidiaries. instead of receiving
payment for their claims in the manner
provided in the original plan, will ac-
cept on varying bases from SO to 20
per cent of the new per cent. collateral
trust gold notes of the new holding COM
pany.
Interest on the extended debt Is also
to be paid in the new per cent. gold
notes. That change, although not as
favorable to the creditors as the original
plan, has been approved in the interest
of the general situation by the advisory
committee representing bank and mer-
chandise creditors of the companies and
certain of Its subsidiaries. On the COM
mittee substantially all bank creditors
are represented.
Although creditors have an opportu-
nifty to withdraw on the terms within
the time provided in the plan, 1t is not
anticipated that there will be any such
withdrawal, as the modified plan is
preferable to liquidation by receiver
ship. the only other alternative. The
change Is desirable from the point OK
view of the stockholders and 8 per cent.
gold note holders. as 1t preserves to The
company it's working capital about
81. 100000.
Holders of more than so per
cent. of the companies outstanding
gold notes and more than 80 per
cent. of it's first preferred ard common
stock have deposited or agreed 10 de-
posit them. and the reorganization man
ayers anticipate that if substantially all
the outstanding balance Of securities be
obtained promptly the plan will soon Re
declared operative.
There is no intention. however, of per-
initting securities which do not come
into the reorganization to profit at the
expense of those who do and unless sub
stantially all the securities are deposited
by May Is. within which time deposits
will be received under the plan, it may
still be necessary TO apply for the APP
pointment of receiver 70 determine the
rights of the non-assenting interests.
The New York herald., 1922-04-30
strike Hurts Freight Tr.mc.

Further evidence Of the abrupt dron
~ freight traffic caused by tho coal
l2niners' strike Is afforded BY the Amer
m Railway Associations latest report
surplus freight cars. On April f5
,=le eight ears totaied 4sf,5f3 cars. an
fTcrease OF 70,967. compared with tho
surplus reported week before. The
tapulations showed that OF the total not
~ use 333,3e3 were in scrviceable con-
dltion ana the remainder. 15s.f20.
needed repairs. Within the second week
Of the strike idle coal cars Jumped s5.55a
30 isI.s1S. OF the 2,2s0,sg7 on line the
report revealed that 317.7S3. or about
"a per cent, were In bad order Normally
the number UNIT for service IS not more
Ina n1 per cent. of the total number
on line.
The New York herald., 1922-04-30
The Rediscount Rate.

In discussing the reduction of the
Bank Of Englands discount rate to 4
per cent, the lowest rate since the out
break of the European war, the reserve
banks monthly bulletin points out that
in the United States the official discount
rates relate, not only to bankers bills
and Treasury certificates but also to the
great bulk of loans made to carry on
commerce and agriculture, which, being
in the form OF promissory notes. are
available for rediscount at reserve
banks. In England the official discount
rate relates only to advances from the
Bank OF England against the relatively
small volume OF prime commercial and
Treasury bills as ordinary advances to
industry and agriculture. being over
drafts. are not available as security for
such advances.
The New York herald., 1922-04-30
STOCK EXCHANGE NEWS.

Numerous removals Of New York Stock
Exchange firms and members were an
nounced yesterday. bringing these new ad-
dresses: Blake Bros. Co. Nassau
street; Dwight Braman, 50 Broadway; OIL
yer 8. Campbell. at r. II. Kcech Co.. 80
Broadway; Gilbert w Teliner. 50 Broadway;
r. p. keech G Co.. ~ Broadway Macarthur
CO., 90 Broadway: MacQuoid & Coady, %
Broad street. Louchheim. Minton Co.. III
Broadway; Charles NJ. Ncwcomhe. Jr., AZ
T. W. Davis 4 Co, III Broadway; william
The New York herald., 1922-04-30
FINANCIAL NOTES.

Dominicl e. DominicS, managers OF the
group distributing large block OF the De
troit Edison Compsnys capital stock, an
nounce that Il has been sold
Morris G. Smith. members Of the New yori;
Stock Exchange, it5 Broadway, have opened
a. bond department under the mana cement
Of Victor ". LoAerce.
~ Kaufman. president OF the Chatham
and Phenx National Bank. has heen called
to Chicago because OF his brothers death.
Kiumpp Brothers have moved to larger
quarters Ia ~ Pine street, and have opened
foreign government bond department. The
The New York herald., 1922-04-30
hank CIearings.

The steady expansion Of the country's
bank clearings continues to attract at
tention. The returns to the ComntercidI
and Financial Chronicle from all cities
In the United States show an increase
last week OF 21.2 per cent. compared
with those of the corresponding week Of
last year The clearings of last week
were $7.294,S25,4s5, in contrast to $6,-
OF. .420.150 in the corresponding week
of last year. Last week was the sixth
successive one in which bank clearings
had shown an Improvement as con-
trasted with those of the corresponding
time of last year. New York and Bos-
ton again recorded the largest increases
and their clearings gained $40 per cent.
each. Philadelphia's rose ia per cent. !;
Chicago's. 1874 per cent: San Fran
cisco's. 15 per cent, and Detroit's, III
per cent.
The New York herald., 1922-04-30
Rails Display strong Tone.

Before the beginning of the second
hour of trading in the short session
transportation stocks were sharing the
activity in the rest of the list. North
ern Pacific, New York Central, Rock
Island and the ST. Paul issues acted
particularly we'll Further announce
ments of the March earnings of forty
three railroads lead to the belief that
the net aggregate of the 200 class 1
carriers will not be as good as indi-
Gated by the first twenty-five roads
which reported. Forty-three carriers
report net operating income of $5S.005.-
344 saved out of gross operating rev.
enues of s316,S49,214 in contrast to $22,-
52s,23O in net and $305. .300,54S in gross
reported by the same roads year ago.
On the basis of the March earnings of
those roads. which have SO far reported,
X Is tentatively estimated that the ag-
gregate net earnings Of the whole num-
ber will equal at least the $s1.0S9.000
in net operating income. which, with
allowances for seasonal traffic varia-
tion, should be made In March to earn
an annual return of per cent. on rail-
road property valuation.
The New York herald., 1922-04-30

firm has been occupying other quarters In
the same building.
Bcniamin, IIiil q Co. have moved 70 D5
Broadway Their telephone number Is Whites
hall 1888.
office 70 81 Wall street.
Tho Empire Trust Company has been an
pointed trustee for an issue OF 5000 600 pe r
value OF per cent. mortgage bonds OF fee
land. Inc.
The Bigeiow State Bank has moved 20
larger quarters, at Broad street and Ex-
change place.
The Registrar and Transfer Company has
been appointd transfer agent Of the vene-
zuelan Petroleum Company.
The New York herald., 1922-04-30
PERMITTED To EXTEND BONDS.

The Interstate Commerce Commission
has granted TO the New York. Lake
Erie e. Western Coal and Rai,'osd Com
pany authority to extend the maturity
Of $3,00o.000 OF IT'S first mortgage bonds
from May /. 1922. to May I. 1912. and
reduce their interest rate from per
cent 10 so per cent.
The New York herald., 1922-04-30
HUERTA's TRIP DELAYED.

Ell PAso. Tex, April 2s.--Adolfo de
la Huerta. Mexican Secretary OF
FINANCE. will not leave Mexico CITY for
his conference with International bank
ers In New York until some time be-
tween May Is and 30. according 90 a
telegram received at the Mexican Con-
sulate. He had announced he would
leave May 5.
The New York herald., 1922-04-30

nam, 100 broadway: Phelps Co, 30 Broad
street; George u. Salisbury. nj Simmons a
Hutzler, 60 Wall street: r. NJ gtua wort.
ley. At Livingston a Co, III Broadway.
The New York herald., 1922-04-30
More steel building.

An indication of how leading steel
manufacturery feel toward the improve
ment in the steel industry and how they
gauge its duration is seen in the con-
tinued reports of costly new plants be-
ing erected and planned for. On top of
the recent announcement that the United
States Steel Corporation was planning a
big new factory, came dispatch from
Chicago yesterday to the effect tEat the
Jones and Laughlin Steel Company had
bought from the Newport Company 400
acres OF land in Hammond, Ind, on
which 1t proposed to erect new works
to cost $26,00o.000 to $50,000.000. The
site for the new plant was acquired
from the Schlessinger interests for
$S0O,000.
The New York herald., 1922-04-30
MONEY MARKET.
SATURDAY. APRIL o
TIME LOAN

TIME LOANS.
Mixed collateral. GO to no days. AZ
Mixed collateral. 4 to Q months. ...... AZ
Tndustriais, 60 TO 90 days. s............4k .4k6B4K
Industrials. to months. ........ .4N14h
COMMERCIAL PAPER.
Best names. to months. ........... AZ
Other names. 4 to months. .......-... az
DISCOUNT RATE. RESERVE BANK.
Commercial paper. sf5 days, AZ; 60 to 90
days. AZ; Liberty bonds and Victory notes.
is days. Az: f6 to 90 days. AZ: bankers
acceptances. is TO 90 days. AZ.
sFixed November 2. Previous rate. 5.
fixed September II.
OPEN MARKET RATES.
Call loans and acccptances. es............. .
Discount rates on prime bankers accept
ances eligible for purchase by Federal Re-
Bid. Ask. Bid. Ask.
30 days.. 3sk 3h 90 days...... 3x "a
so days. 3E 3HlI2o days.. 3ss 3il
CLEARING HOUSE STATEMENT.
Clearing House exchanges. SDa t,i00, 600:
balances, S72. 500. 900: Federal Reserve credit
balances. $49. ZOO. 900.
SILVER MARKET.
Official bar silver IN New Yoris. domestic,
a9ssc. unchanged: foreign. 6itc.. unchanged:
London. 34ssd.. unchanged; Mexican dollars.
J1ixc., unchanged.
Range Of silver prices this year:
London ...... 35Nd.. April ~ S2izd.. Feb. -
New York;. 7oc. April 10 o2%c.. Feb. 2s
The New York herald., 1922-04-30
SOUTH AMERICA.
CANADA.

New York funds In Montreal, St4,gJ pre-
MUM q 81 900; Montreal funds in New York
S14.s5 discount 81 900.
The New York herald., 1922-04-30
DIVIDENDS.

Stock or
Record Payable.
Am. Cyanamid Co., pr. $3 May May 10
peere & Co., a. pf. 75c.. May 10 June /
studebaker Corp. a. pf. Si75 49,. June
Studcbaker Corp. a.. st.75.... 49,. Juno
Tampa Eec. 90. a., $3.50. May May rs
The New York herald., 1922-04-30
OH Prices to BE Advanced.

According to advices obtained yester-
day in reliable quarters. there will be
another advance in the price of crude
oil within the next few days. This was
set down as one of the reasons for yes
terday's sharp advance in practically all
oil stocks. For considerable time the
oil industry and the financial community
have been expecting an increase in crude
quotations, but 1t has been held or.
Nevertheless. interests identified with
producers in the Mid-Continent field de-
clare positively that such n step Is to be
taken in a short time. Tho oils yes
terday got under way In earnest. Stand
ara Oi!s, particularly showed a tendency
to move snappily. Standard Oil Com
pany Of New Jersey and Standard OIL
of California. both listed on the f.ew
York Stock Exchange. made new high
marks at 1S9 and 1895 respectively.
The former was up points and the lat
ter up 25s. Pacific Oil got we'll above
so and Producers and Refiners made an
other gain Of full point to 361 ROYAL
Dutch, Mexican Petroleum, Middle
States. General Asphalt and Invincible
all followed the upward trend
The New York herald., 1922-04-30
TOPICS OF WALL STREET.
we.tinshou.e and the Radio.

The sudden demand Tor radio teie-
phone apparatus whiclr has sprung UP
all over the country has had ma
terial and beneficial effect en- the opera
tions and earnings of the Westinghouse
Electric ard Manufacturing COMPANY
That corporation, one OF the lea ders IN
the production OF wireless outfits, IS
turning out 500 complete receiving sets
day. and production is being in
creased as fast as additional faciiitfAs
can be provided. The company expects
to have its production up to 1000 sets
day in the next two or three months
and after that goal has been touched
the management plans to pause to de-
termine how much further the expan-
sion should be carried. A large quantity
of its radio tubes are being turned out
in the New Jersey lamp factory and
demand Et.;l continues away ahead of
production. Manufacture Of its radio
sets has been concentrated largely at
the Springfield, Mass, plant.
The New York herald., 1922-04-30


adc ut price outside of the regular " ~
The Washington herald., 1922-06-12
Reported Heard Last Night

Reports OF local or distunt
Transmitting stations heard, freak
receptions and static effects sciH
be published in this colnma daily.
II Is requested that Istensrs-in
inform The Herald radio depdrt-
nInt Of conditions as indicated
Iy their rddiophone set.
Excellent music was heard Satur-
day evening between the hours of
10 p. m. and 1 a. m. by residents in
the Northwest section. No call let
ters were given. nor did the party
Sign on. =: 4
IS not heard In Washington for8ev-
eral days. This in spite of teh same
sets receiving KDKAand WGY regc-
larly. Probable answer: The effects,
OF the particular land formation be-
tween Washington and New Jersey.
and what is known as pocket ef-
fects" in the atmosphere over GER
tain sections Of the country. Thus
NOF has been heard quite regularly
OH the West Coast, except for .
small section in Northwest Oregon,
where IL has never been heard to
date.
A.. J. N. OF Northwest. reports he
hears Arlington regularly on hook
up of aerial, ground and phones
shunted across detector. No induct-
ance. nor variable capacity.
G. T.. OF Manassas. Va. reports
hearing band concert from ship at
sea. Seemed doubtful. but proved
accurate when checked In call book.
H d. r.. in Northwest. says In
d.anapolis and, WwJ, Detroit News.
were heard clearly for a particular
setting of tuner. Heard for three
minutes. then could not be tuned In
again. Some distance FOR local re-
ceisers. ss