davidaulloa/AmericanStories huggingface dataset:
The dispatch-news. [volume] (Lexington, S.C.) 1919-2001, 1922-05-03

kabitz finally stepped out to aim at
his opponent, bullet struck him IL
the brain.
Jarculidich was arrested on i?o.?:i-
eide charge.
The dispatch-news. [volume] (Lexington, S.C.) 1919-2001, 1922-05-03
NOTICE TO CONTRACTORS.

Sealed bids will be received up tc
Friday noon, May 18th, for the erec-
ton of brick school building at Cas-
ton in the County of Lexington, at
the office of the County Superintend-
ent of Education, Lexington, S. c..
Bids are asked for design TB, Glenn
son Bulletin, which is building with
an auditorium and three class rooms,
brick and brick veneering, also for de-
sign Z, Clemson Bulletin, which is a
four room building with auditorium,
of the same construction as design
TB. The Board of Trustees ask for
bids on both of these designs for the
reason that they have a limited
amount of money to spend and want
all the building they can get for the
money. Plans and specifications on
file in the office Of the County Super
intendent. Each bidder will be- re-
ouired to give a certified check for
5000 to show that he is in good
faith. The Board of Trustees re-
serve the right to reject all bids. Sue
cessful bidder will be required to give
a nominal bond for faithful perform
ance of contract.
M. L. POUND,
Chairman of Board of Trustees Gas
ton School District No. 76, Lex
Great Falls tribune. [volume] (Great Falls, Mont.) 1921-current, 1922-12-17
WEEKLY GRAIN REVIEW

AbhA AAA
Chicago, Dec. 16.-AImost every day
this week, high price records for the
season have been surpassed by wheat,
corn and oats. Expectancy of legisla-
ton at Washington to furnish financial
aid in the marketing of farm products
appeared to be the chief stimulus. Com
morning was up 3A to SIS cents a
3h to 3&@3Bc. and oats IL to 81
cents. Net changes in provisions varied
from five cents decline to q rise of
II cents.
President Harding's message to con-
gress and a speech by Julius P. Barnes,
former national wheat director, both
dealing with proposed extensions OF
government credit were promptly fol-
lowed by a substantial upturn in the
value Of wheat, as we'll as by a material
Increase Of speculative interest of
sterling exchange.
Profit taking sales of great volume
finally cooled somewhat the enthusiasm
On the buying side Of the wheat market,
and the long continued advance OF
prices which succeeded by a moderate
reaction in which German financial
troubles lad considerable bearish in
fluence. Unresponsiveness Of the Liver
pool market to advances here counted
also as a restraining factor together
with Canadian and Argentine %coInpeti-
ton and prospective shipments OF wheat
from Omaha to Chicago for delivery
Oh December contracts.
Active buying on the part of elevator
Great Falls tribune. [volume] (Great Falls, Mont.) 1921-current, 1922-12-17
York Market
FINANCIAL

New York. Dec. 16.-Announcement OF
| additional stock and extra dividends
provided the impetus for a brisk a
vance in the industrial group in Sat
session Of the stock market. Railroad
shares, with few exceptions, were slug
gish.
Unusually heavy trading in Pan
American stocks featured Saturdays
| dealings. Overnight announcement OF
a = atGea q dividend dae Of 81 b a 20 eer d sea5 II
a few weeks ago, brought a flood of
buying orders into the market at the
opening. The "B" stock got up to S9h
U fell back three points, for a net
q net gain of five points. Mexican
Petroleum, nearly all the stock Of which
Is owned by Pan-American, was in
active.
Unconfirmed runors orders Of extra
dividend disbursement by United States
Steel during the early part OF next year
continued to stimulate buying in that
group. United States Steel common
touching los and then yielding slightly
for a net gain Of Is on the day. Gulf
states was pushed up rs and Bethle-
hem and Crucible improved ~fractionally.
Speculative expectation hat the pro-
posed German loan would substantially
increase copper exports to that coun-
try, combined with q higher price for
the red metal, brought further activity
at rising prices in that group, while
motor stocks were pushed up in antici-
patton OF heavily Increased sales next
year
Chesapeake and Ohio. continued to
move to higher ground in reflection Of
Its proposed purchase by the Van
Sweringen interests, but most of the
other standard rails were r~eactionary.
Losses, however, were largely confined
to fractions.
Announcement of a cut of 2 cents a
gallon In the prices Of gasoline and
naphtha in New England by the Stan
dard OIL company or New York, had q
depressing effect on the Standard Oil
shares listed on the big board" Cali
fornia dropping 4 and New Jersey,
old stock, IN. New Jersey, new stock,
closed unchanged at 39h.
Chief interest in the foreign exchange
conferred in German marks which were
quoted at 1877 cents a hundre as com
pared with 1.4S yesterday. Other
European rates were strong, demand
sterling again touching S4.65.
The clearing house statement showed
an increase of sos, 425 900 in loans. dis
counts and investments, and increases
Of 500, 221 900 in reserve Of member
banks in the federal reserve. and
STA, 504 600 IN net demand deposits.
Excess reserve totalled SAC. 320,D31, an
increase of $l7.173,62i, bringing the
aggregate reserve to s557, 500, 900.
Great Falls tribune. [volume] (Great Falls, Mont.) 1921-current, 1922-12-17
lEeIlWA lNCLML WlGlES'
Is THE WEEK. in BUSINESS
BY The Tribune.

{ u handicap of the devastated cur
rency, she bought from the United
States nearly 500, OO0. 900 worth OF
staples and merchandise in the month
of August, as against $26. 900 in the
same month of 1921. This simply IL
lustrates the truth. that even a ma
ton on the verge Of bankruptcy has
a buying power derived from her trade
which cannot be taken away so long as
it continues to sell its products abroad.
AS bearing. however. upon the ques-
| ton of what this country's trade has at
| stake in the German situation it is to
observed that of our October exports,
less than s per cent to Germany and
that the entire amount was not nearly
half the gain since the first OF the
year in exports to South America and
the Far East.
Of the various explanations attempt
! ed for the rise in sterling, which at the
high of the week was back within IL
cents of gold parity. the most plausible
is that it was due to transactions In
itiated by the bond spectators. who
either directly or indirectly intended to
| restore the old-time par.
Not Artificial.
At the sasne time it is not to be uu-
derstood that these operations were
| artificial. They rested on the solid
basis of recognition that Great Brit
! ain has balanced it's budget while ever
| reducing taxes. having Debated its
currency. having ceased to run n
debt in the foreign trade. having be-
gun service on the American wal loan.
had removed all serious obstacles in
the way of return of the pound sterling
to its pre-war retaliation with the dol
lar.
These developments in the interna-
tionai situation have overshadowed
everything else in the markets of the
week. The most important incident
at home was the continued rise in price
to new highs for the year. According
to the latest estimates by the depart
ment Of agriculture the total value Of
the provisions in 1922 is $7,57S,S9O,-
coo which although S160.oOO,0 600 less
than in the prosperous season of 1920
is 5000, 600. 200 more than in the bad
times of 1921.
With due allowance for the fact that
the farmers have by no means got the
full advantage of this increase i'll val
ues, these comparisons indicate a great
improvement and one which is bound to
have a favorable bearing upon the bus
mess outlook for. 1928.
The security market has been the
least interesting part of the price
movement. Yet there are no signs in
the bond dealings of the usual proper
tons for the January reinvestmert
demand" The action of the stock
market has been altogether in line with
analysis that the November decline
was quite as excessive as the August
rise, and that it carried stocks as much
below true values as they had been
carried above in the previous specu-
lation.
Having had a normal rebound. the
has settled down into a series
of special moves which are following
closely the fact relating to particular
industries and where the buying is in
spired not so much by the considera-
ton of the general business position,
as by the present status, and prospects
of individual company earnings and the
possibilities of larger distributions to
shareholders.
Great Falls tribune. [volume] (Great Falls, Mont.) 1921-current, 1922-12-17
BY STUART p. WEST.
Especial Correspondent OF The Tribune)
tCopyright. 1922. By Great Falls Trihunel

| ftopstleHtS 4S&Ss Dy StSd HAAb AIAuuuet
New York, Dec. 16.-The gravity of
Germany's financial crisis is the point
most stressed in the financial district
discussion of the past week. First,
there was the breakoff of the London
conference of premiers in which
France and Britain's viewpoints re-
garding Preparations were shown to be
far apart as ever. Then there was the
declaration Of the British premier that
if the burden on Germany's shoulders
were not lightened complete financial
collapse was inevitable. Following
came the discouraging proof that the
French government, out of fear of a
mistaken public opinion. refused to
recognize the impossibility of collect
ing the indemnity money unless Ger
many is fkept on her feet.
Apparently the foreign nations are
no nearer agreement on the PREPARATION
questions than they have been ut any
time and they are just as far away
from settling the kindred problem of
inter-allied debts. England claims
her inability to pay America unless she
is paid by France. France says she
cannot meet her obligations either TO
Great Britain or the United States I'M
less she is paid by Germany and Ger
many says SHE cduuoL pay unless
helped from the outside.
Thus the argument proceeds in a cir
ole. The suggestion on oil sides is that
this country if she ever hopes to real
ize anything on the $11, 900. 900 600 of
war debt. she will have to come to Ger
inany's assistance. A great deal will
be said from now on on the subject of
"A German loan.
The first impression regarding such
q flotation are that it could not pos
sibly be put through on any such scale
as would be necessary to pull Germany
from the hole. But this Siudgment
might well be modified if it were to
develop that the ablest bankers in the
world were enlisted in the enterprise
n were cooperating to work out a
plan that would make the German gov
eminent bonds acceptable to the in
vcsting public and ut the same time
not provide too much of a burden for
the investment market.
Mark Recovery.
The partial recovery in the mark ex-
change at the close of the week ap-
peared to reflect at once some hope in
an outside loan and a certain amount
of confidence that the allied countries
will agree upon q settlement of repair
atiens which will greatly reduce the
sum demanded.
The Austrians afford a possible par
allel. Her paper money initiation went
on the same mad way that it is going
ON in Germany now until it reached
the tril1ion mark, and until the value
of the crown shrank to ~ one thous-
andths of a cent. Then came the for
eign loan. the terms of which have just
been approved by the Austrian parlia-
ment and which contains provisions
that note circulation shall not be fur
Their increased. The result is that the
Austrian crown has stopped going
down, has been stabilized at the tri1lion
level, and thus complete disaster has
been avoided.
The statement that Germany cannot
much longer afford to buy necessary
supplies of food is undoubtedly a good
deal exaggerated. With the tremend-
Great Falls tribune. [volume] (Great Falls, Mont.) 1921-current, 1922-12-17
u. S. BONDS BARGAIN AT PRESENT
RATES WITH LONG SWING SLATED

Wellesley Hills. Mass. Dec. &c.
There has been much discussion OF
late as to whether bonds ave reached
the top. Roger w. Babson evidently
thinks not. In discussing the situation,
he calls attention to the long swing
bond cycle and appears to have a hun
dred and fifty years of financial his
tory OF his side.
''The cheapest thing / know of to-
day" says Mr.. Babson. lis the promise
of $50 a year for the next 20 years,
secured by a mortgage bond. just now
this $50 will buy, perhaps, a suit of
clothes. In 1920 it would have paid
only for the coat and one armhole of
the vest. We all can remember when
it would have bought two suits, as good
as the one it will buy now. Everybody
is hoping for those old prices to come
back. And nothing is more likely than
that they will come back some time
within the next 20 years.
Prices Not High. Z
Most of US, judging from our ex-
p~erience, think Of 1920 commodity
prices as the 'high-for-all time. What
we do not realize is that prices have
been as high three times before, at in
~teryals of about so years and that be-
tween the peaks, each time, they have
touched levels as low as in 1896.
While earlier statistics have not been
compiled, there is data enough to sug-
gest that this same swing from high
prices to low prices and back again.
over long periods, might be traced far
back into history,
'Prices turned at the same old peak
in 1920. Tt is exactly in accord with
past experience that there should be q
short upward reaction. at this time,
from the first sharp decline of last
wear. But, it would be against cur
economic history if prices did not
show a long. SLOW trend towards a
level that more nearly equalizes the
buying power of agriculture with that
of the manufacturing industry. The
fact that the mass of people expect
lower prices-of course, for the other
fellows goods-helps to bring them
about. Psychology as a price factor
may be more potent. under certain con
ditions, than the supply of gold.
"As prices of goods go down, the
value of money goes up. That's only
saying the same thing backwards. Then
who holds a contract agree
ing to pay him a stipulated amount of
money every year. like rent, Or the
interest on a bond, has something that
is worth more. year after year. This
holds now just as the opposite was
true from 1914 TO 1920. Then these
same long-term bonds lost value be-
cause prices were rising sharply.
Major Bond Cycle.
II have endeavored above, con-
tinued Mr.. Babson. ito state briefly
and understandings the Influences
to cause what we know as the
bond cycle-a fundamental
which no investor can afford to
ignore.
''This typical year-end market pro-
vides a wonderful opportunity for in
who have funds and faith in
the United States. The lesson of the
last few weeks again is, that no ap-
is accurate which neglects fun
damentals. The same people who rec
the beginning of a bear mar
ket last month are certain that things
are going up today. But the funda-
situation has remained the
same as three months ago. When
everybody wishes 10 sell Is the time
Great Falls tribune. [volume] (Great Falls, Mont.) 1921-current, 1922-12-17
Chicago Market


Chicago, Dec. 16.-A bearish construc~
ton of government crop reports issued
Friday gave all grains a downward
swing at the start Saturday, but gen
eral news later indicated buying and
carried values upward toward the fin
ish Al the close wheat was Il to lis
net higher, with May s1.23B to s1.23A
and J,IIy S1.l4Es to S1.15a.. Corn varied
from "a decline to g rise of y; oats were
to &c up, and provisions
gained 5 to SOC.
The government reports showed a big
increase in winter wheat figures over
the preliminary statistics, and commits
sion houses which had bought wheat
Friday in anticipation OF reduced crop
prosnects were compelled to Hquidate.
There was a. good class OF buying on
the break and the market underwent a
complete recover with the ffnlsh near
the best figures of the session.
News from Argentina was more bull
ish and there was an estimate by thu
wheat pool OF Australia that the export
ahle surplus of that country would not
exceed 80. O,o00 bushels. Liverpool
also showed strength n France was
.renorted to have purchased some wheat
for the first time in weeks. Bulls also
placed faith in rumors from Washing
ton that the government authorities
would give aid to Germany to prevent
a financial collapse.
Corn and oats followed the trend of
wheat.
firrner.
The prices of futures ranged as fol-
Open High Low Close
Great Falls tribune. [volume] (Great Falls, Mont.) 1921-current, 1922-12-17
At L. ST. PAUL

South st. Paul. Dec. 16.-Cattle. re-
ceipts 1900: compared with week ago:
common and medium beef steers closed
at S5ns; bulk under 81; uneyenly 20
10 50c higher; fat stock uneyenly % to
soc or more higher: a few better offer
ings on up to ST with the bulk s3@5:
Gamers and cutters most steady; close
largely $225M3; bologna bulls steady.
s. .25I4; calves. receipts none: compared
with week ago. strong to zoe higher,
best lights largely IS.
Hogs, receipts 400; market fully
steady: range S7G7.s5; bulk good hogs
of All weights 1885,; packing sows
mostly $7.A; pigs S7.s5@SIo.
Sheep. receipts none; compared with
week ago: lambs strong to 25c higher;
bulk good and choice closing S14.25q
14.50; fat ewes IS to soc higher, $5@6.25;
best Dakota feeding lambs this week
SlT,
Great Falls tribune. [volume] (Great Falls, Mont.) 1921-current, 1922-12-17
livestock
AT CHICAGO

Chicago, Dec, 16.-Hogs, receipts
s.oo0: h~oidover 1895; closed active.
steady with Fridays close; bulk go
to 260 pound butchers SsIS.oo, bulk
40 to 1870 pound averages Ss,lO1s.2e;
top IS. 60; packing sows mostly S7.25
6I60: desirable pigs s80S.20s heavy
hogs 81. 9om8.o5; medium S8dls.10; light
IS. 05G1s. 20; light light $s.10Qs.20: pack
ing sows smooth s7.4eG97To; packing
sows rough ST,1547.5o; killing pigs So
@8.20.
Cattle, receipts estimated 800: COM
pared with week ago: beef steers un-
evenly % to 75c lower; in between
grades rejecting most declines; extreme
top Christmas yearlings STA best ma
tured steers $40; better grades OF butch
er she stock % to SOC off: lower trades
beef COWS and heifers, Gamers, cutters.
hulls and veal calves about steady;
stockers and feeders % to doc lower;
weeks bulk prices beef steers ssGs.5o;
lockers and feeders S5.75@T.75; butch
err she stock $4d6.50; Gamers and cut
tiers S .75a3.35; veal calves s94t9.75.
Sheep, receipts estimated 1000; COM
pared with week ago: choice fat lambs
Of desirable weight steady: heavy lambs
n lower grades lighter weight weak
to unevenly lower; fed yearling %ethers
80 to 75c lower; fat sheep fully steady;
feeders strong to 25c higher. weeks top
fat lambs $3.50; closing top $3.50 TO
cit butchers; $3.50 to packers; bulk or
fat wooded, lambs $14.75a15,4o 40: clipped
so pound fed lambs S13; choice SO pound
fed yearling wethers S12.50 heavy fat
ewes S506: lighter weights kind up TO
$3.50; desirable Ii pound aged wethers
IS. 22oGl {. SO.
Great Falls tribune. [volume] (Great Falls, Mont.) 1921-current, 1922-12-17
Grain Prices

Station Basis at Points in Montana
Taking a 42c per Hundred Weight
Rate to minneapolis or Duluth
Fancy Dark Northern Spring-Must
be practically full 100 per cent flinfy
dry, amber kernels, with very hlgn
gluten content.
Choice Dark Northern Spring-Must
be approximately 90 per cent flinty, dry
amber kernels, with high gluten con-
tent.
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 70 per cent
flinty, dry, amber kernels.
Quotations to noon December il.
Great Falls tribune. [volume] (Great Falls, Mont.) 1921-current, 1922-12-17
G ADVERTISING
NOTICE TO ROAD CONTRACTORS
AND BUILDERS

AND BUILDERS
NOTICE IS HEREBY GIVEN That
the Board of County Commissioners OF
Cascade County. Montana, will receive
bids up to Monday, December 18th, 1922,
at 8 o'clock p. NJ, for the construction
of a road from Rainbow Dam to Big
Falls Dam on the North Bank of the
Missouri River, according to plans and
specifications thereof, which may be
consulted at the office OF the County
Surveyor or the County Clerk at the
Court House, Great Falls, Montana;
bids must strictly comply with require
ments of same. Certified or Cashiers
Check on some bank OF Great Falls,
for 5 per cent of the amount of the bid,
made payable to the Treasurer OF Cas-
cade County, must accompany each
bid, as evidence of good faith, and said
check will be forfeit to Cascade County
as 1~iquidated damages in case OF failure
of bidder to whom award Is mad to
enter into a contract within 10 days
from the award thereof; also a similar
check in the amount of one per cent
of the amount of the bid payable to
The State Industrial Accident Board as
a guaranty for the payment of pre-
miun1s that may be assessed by said
Board The right is reserved to reject
any and all bids. Address bids to
County Clerk, Great Falls, Montana,
marked Road Bids"
JOHN E. MORAN, County Clerk.
BY Order of the Board of County
Commissioners Of Cascade County, Mon
tana.
Great Falls tribune. [volume] (Great Falls, Mont.) 1921-current, 1922-12-17
AT KANSAS CITY

Kansas City. Dec. 16.-Cattle, receipts
] ,50o; for week: beef steers mostly 2s
to SOC lower; some off more; one load
1878, next best s12.76; bulk STd9; can
ners strong to &c higher, mostly $40
2.20. bulk common to medium cows
$3.5o6p4; better grades vealers SSQ9.
Hogs. receipts 1000; generally steady
to Doc lower, packing top S7.95; ship
pers top SIS: bulk light AM light lights
ST.T5M7.90; bulk butchers and heavier
weights s7.s597.95: bulk Of sales s7.75
MT.9b; packing sows generally steady
mostly around $T.25; stock pigs dull,
most sales S767.25.
Sheep. receipts 1900; for week: lambs
ter grade natives and fed lots S14.25n
1910; sheep steady; best light ewes
$7.25: feeding lambs % to soc higher,
most sales around $14.
Great Falls tribune. [volume] (Great Falls, Mont.) 1921-current, 1922-12-17
Stock Market
. seen by
Bulls e Bears
Reported by II. b. Lake & Co.

Reported by H. b. Lake g. Co.
New York, Dec. 1e.-The list gener-
ally speaking maintained a steady tone
again Saturday with special strength in
the Pan American issues. United States
Steel was again in good demand. The
copper group again displayed conspic-
uous strength and the buying in this
quarter is regarded as rather influen-
tial. The red metal, according to latest
reports, is quoted at 14ss cents with
indications OF going higher.
The statistical position OF copper
metal is admitted to be very bullish
and this country coupled with improved
conditions in European countries has
quite naturally fostered a much better
feeling toward the copper shares. We
are inclined to believe that hi copper
stocks will be featured on the upside.
D. Jones Observation-Disclosures Air
Brake company declared a quarterly
dividend of $1.75 payable January 81,
record December 20. Three previous
dividends have been $1.00 each. Stan
dard Oil of New York reduced the price
of gasoline and naptha two cents a
gallon in New York and New England
states making IN wagon price 20 and
q respectively.
Chicago, Post says-The fact that
Pullman Is now earning its dividends
although they may be somewhat re-
mote, brings out a good demand for
the stock whenever there is market re-
c%ession.
NEW WORK
Great Falls tribune. [volume] (Great Falls, Mont.) 1921-current, 1922-12-17
NOTICE TO STOCKHOLDERS

The annual meeting OF the ~stockhoId-
ers Of the First National Bank of Great
Falls, Montana, will be he'll In the
banking rooms of said bani between
on Tuesday. January 9th, 1923, for the
purpose Of electing the board of diree-
tors for the ensuing year and for the
transaction Of any other business h
may properly come before said meeting.
Dated at Great Falls, December 9th,
1922.
I. B. ARMSTRONG.
Cashier.
Great Falls tribune. [volume] (Great Falls, Mont.) 1921-current, 1922-12-17
that informed buyers carefully pick
| good bonds. off the bargain counter"

Increasing stock market activity. and
Christmas buying have worked to-
gether to bring business up to a nor
NAL level. The index of the Babson
char shows general activity exactly
at the normal line. This is the highest
point since September. 1929.
1t is an encouraging sign, according
to Mr.. Babson, who expects activity to
be slightly above normal for the next
four to six weeks. Things will then let
down a bit. according TO the Stats
tician and the foundation Of funds
mental conditionsswill be completed for
the next period of prosperity.