davidaulloa/AmericanStories huggingface dataset:
Great Falls tribune. [volume] (Great Falls, Mont.) 1921-current, 1922-08-06
TRIBUNE FINANCIAL PAGE-STocKs- BONDS MARKETS
York Market
FINANCIAL.


New York. Aug. 5.-Moderate gains
were registered by most of the active
issues in Saturdays half holiday ses-
sion Of the stock market. Total sales
Appropriated 250,OOO shares. Enc re-
quest Of the Jul railroad brotherhoods
ing on the ground that q serious stu
alton was developing in connection
with the rail strike a little effect
on the market. railroad stocks general
~ making appreciab!e advances. Sew
corded in this group. notably by Chi
cago, Northwestern, Southern railway
common and preferred Atlantic Coast
Line, st. Louis & Southwestern and
Pere Marquette. Short pressure was
favoritey toward the close Of the ses-
sion, Mexican Petroleum reacting IL
points and Baldwin dropping ", but
the general list held up well.
Kresse company; following in the
new S high earlier in the week. Jumped
up five points. presumably on reports
Of increased July earnings by chain
stores. Corn products also broke through
for a new high and a good demand
was noted for the sugar and tobacco
stocks.
Sterling rates were strong, but some
~irregularity was noted In the conti-
mental exchanges. Marks were down to
13 cents a hundred. nearly . cent below
Friday nights close. on reports that
Germany had refused to meet the stipu-
lated payments on pre-war debts TO
French citizens.
- The clearing house statement showed
an increase Of actual loans and dis
counts Of nearly $1,000, 600 as compared
with an increase Of $50, 900 900 the week
before. Member banks increased their
reserve in the federal reserve bank by
S9.25s,000 as against a decrease OF
IS, o6O, 900 900 a week ago.
Great Falls tribune. [volume] (Great Falls, Mont.) 1921-current, 1922-08-06
Special to The Tribune.
Conner Remains Firm

In most quarters the copper market
is reported firm at II cents for electro
lytic delivered through August, Sep
TENDER and October, but it is still pos
sible to obtain small lots for prompt
shipment at an eighth less, according
TO q recent issue of the New York
Commercial. The Copper Export as
ISOLATION advanced its price from
IA 1-5 to 141a cents c. i. European
ports and exporters are holding 1895
cents f. a. s. New York but nothing
under IA cents is obtainable.
The American Brass company has
advanced all finished copper and brass
products from Is to y cent a pound
with the exception of high brass rods
which were increased by a cent on g
pound. Brazed copper tubing was I'M
changed but commercial bronze tubing
was advanced "a Of a cent a pound.
All the manufacturers Of finished cop
per and brass products report a very
satisfactory volume of business and in
some instances mills are turning away
orders that they are unable TO handle.
Copper buying continues very moder-
ate but indications point 10 the fact
that July shipments will equal those OF
June which were 100000 pounds
Barnes-King Has Balance
The quarterly report of the Barnes
King Development company for the
period ending June 80 shows that the
balance on hand was $l29,613.09 and
in addition the company holds $4,000
in Liberty bonds. Excerpts from tho
report are as follows:
North Moccasin-Lessees mined and
Great Falls tribune. [volume] (Great Falls, Mont.) 1921-current, 1922-08-06
FINANCIAL DIGEST
Is THE WEEK i'm BUSINESS Z
BY The Tribune.

course, whether such reasoning was
sound. 1t ignored conservative re-
ports that the steel corporation plants
which were working at Is per cent ca
pactty earl yin July, had fallen to 20
per cent while its competitors had gone
down from 20 and - per cent to
around 60 per cen 1t made small al
lowance for the priority fuel orders
would sooner or later depress the &C.
tivities of many corporations whose
earnings shape the market position of
prominent stocks. In other words the
confident view Of the market outlook
was built very largely on expectations
that the strikes would not last much
longer and would not leave a dead hand
upon manufacturing for some time to
come
EngIand's Changed Stand
After a fortnight Of almost COM
plete subjugation Of foreign develop
ments. to domestic affairs, this week
has drawn back rather abruptly to hap
penings in Europe. Probably uncer-
tainty over the true meaning of occur
over there had not a little to
do with the cautious market operations
of the second half Of the week. 1t
was something of a shock to find that
the recent near agreement between Eng
land and France over German repara-
tons had become weakened mater
tally.
A month ago foreign news seemed to
forecast a reduction of the French war
debts to Britain. The statement by the
British foreign office on Tuesday that
all around concessions in wal obliga-
tons must accompany a remission of
the French obligation to England opened
up a discussion which promised to be
far-reaching and of much Importance
to international finance and trade.
U. S. Position on Debt CIsarsr
On this side it was impossible to de-
termine the part played by last weeks
events. Furthermore. the action of for
eign exchanges spoke rather plainly of
confusion in the foreign centers, too.
The immediate results of disappointed
German hopes Of British aid in the rep
arations situation and a new French
gesture toward the Ruhr valley was a
decline of the mark to slightly above
11-IU0 of a cent, q new low point but
a rally followed almost Immediately and
sterling and francs were steady.
Some time probably will be necessary
for the program to be unfolded. But
the renewed debate over allied debts
had at least one result of clear outline.
1t brought reflexes in official quarters
in Washington which showed that debt
slashing. involving the sur owed to
the United States. is not viewed with
approval.
Great Falls tribune. [volume] (Great Falls, Mont.) 1921-current, 1922-08-06
Chicago Market
GRAIN AND PROVISIONS.

Chicago, Aug. 5.-Wheat was under
pressure in the last 80 minutes Satur-
day and prices broke sharply, closing
IN to 1B cents lower, with September
Sl.06k to $1.O7 and December, which
showed the greatest weakness, at $1.O7
oats were n to y cents off and pro-
visions Is to 25hc down.
Wheat showed less activity than on
the previous day n averaged lower,
there being nothing In the overnight
developments to cause any enthusiasm
on the buying side. While there was
considerable support on the breaks. in
the main 1t came from shorts who were
taking profits. A fair decrease in local
contract stocks Is expected to be shown
tor the week, the receipts being 4,932,-
600 bushels. n shipments 4,341 900
bushels. Owing to the large loadings
out from public elevators, contract
Of around 1000. 900 bushels. leaving
around $4,000 bushels in store.
Country offerings were not large and
the car situation was said to be
worse; Fourteen interior elevators in
the Springfield, Ill, territory. with
10000 bushels Of grain on hand. re-
ported receiving only n car. Good
rains were reported from parts Of the
Canadian northwest, improving crop
prospects there.
Corn and oats were dull, the trading
mostly of a local character. A sum-
indicates a bumper crop of corn there,
but owing to many oat fields not being
cut, the crop Of that grain will be
small.
Provisions were weaker and lower on
scattered selling credited to small
The prices Of futures ranged as fol.
lows:
Great Falls tribune. [volume] (Great Falls, Mont.) 1921-current, 1922-08-06

Early in 1907 the panic set in
and business confidence practically dis
appeared. We did not enter the actual
area of depression until the fall of that
same year.
In April, 1908, another white line
marked the turning point and things
bomed again until the long swing down
ward set in about June. 1910. This
decline, while not drastic. kept bust
ness quiet until the middle of 1914,
when things again turned upward. The
war with its feverish activity carried
US on until the middle of 1918. when
the actual rise had spent itself. Rabid
speculation and soaring prices put
things up for another squirt but actual
production and general business activi-
ties were s%oftening.
The natural and inevitable reaction
has kept bushes in mourning for two
and a half years.
The white line just drawn marks
another turn for the better. Business
is again headed in the right direction
Great Falls tribune. [volume] (Great Falls, Mont.) 1921-current, 1922-08-06

Wellesley Hills, Mass, Aug. 5.-The
high light of the Ninth Annual Wei
lesley Conference now meeting here for
the discussion Of conditions and bust
mes problems, was reached when Roger
w. Babson announced a definite turn
in business and showed why fundamen-
tai conditions indicate definite and
substantial business recovery.
Standing before a B~absonchart II
feet high and 80 feet long, Mr.. Babson
explained the situation.
II have been writing for over two
years to be able to announce that the
most drastic depression in business his
tory has spent itself. Fundamental con-
ditions finally indicate that a solid
foundation is ready for general and
substantial business improvement.
The white line that | draw today
divides the area of depression in half.
Statistically it means we are at the
exact bottom Of the cycle. Practically
it means that business will pick up
this fall and that it should continue
Great Falls tribune. [volume] (Great Falls, Mont.) 1921-current, 1922-08-06

to improve for the next two or three
years.
Four Business Cycles
Technically, the business cycle is
composed Of the four succeeding cycles
Of prosperity, decline, depression, and
improvement, but the average business
man experiences but two conditions.
Either sales are increasing and business
is fine or they are falling off and he is
in deep depression. His attitude changes,
not as we pass from a period of pro-
sperity above the \ Y line into a
period of depression below, but as the
white lines are drawn which divide
these areas-when business changes
its direction.
When we had completed half of the
depression in the middle of 1904, bust
ness began to improve and business
men went into a state of psychological
prosperity almost over night. We We're
running below normal TO be sure, but
things were again headed in the right
direction.
Great Falls tribune. [volume] (Great Falls, Mont.) 1921-current, 1922-08-06
BY sTuARTSP. WEST

Copyright. is2a. b Ths Great Falls Tribune.
New York. Aug. b.-The security
markets this week largely ignored
events and news with a direct appli-
cation to industry because for the most
part they were closely linked up with
the great strikes. Undoubtedly evil
dence that iron and steel producers
were having difficulty from fuel short
ages seemed to be Of less dismal i'm
port than it would have been on other
occasions, as it was felt that an early
ending Of the coal strike would change
the situation completely. The pros
pect of a fall in railroad earnings in
August from the July level availed the
bearish contingent in the stock market
little because SPECTATORS committed
to the rise were more impressed by the
ground swell Of growing traffic seen
in the June income figures.
Stability of Stocks Unusual
From some angles the relative stabil-
ity of stocks was somewhat curious.
Enough blast furnaces had to be closed
down by August / because of INSULT
cient fuel to reduce the rated daily
capacity, some 100000 tons under
the output in July. The corolIary to
this process was the s%lackening of
operations at steel works and the de-
cline Of steel company earnings. As
stocks conventionally seek to discount
events far in advance. a decline in
steel shares might have been looked
for. but on the contrary. there were
very few signs of selling outside Of
nnnrotjanc ~ d. - Io- k.al4.-
Steel U%nfavorabIy Influenced
The steel market came under the
unfavorable influence of declining sales
to consumers who feared priority fuel
orders, in case of a prolonged coal
strike, might react ~unfavorably on their
W business. Yet, long spectators
and investors who acquired their stocks
earlier in the year were not moved to
liquidate. Nor were fears of further
complications in the rail strike produc-
tive OF extensive pressure against
shares of the carriers.
When things looked darkest, Nor
folk & Western and New York Cen
this year or longer.
Market Situation Analysis
The market situation seemed to lend
itself to analysis something along this
line The actual damage of the coal
strike to industry was. as vet ,appar-
emily only in general terms. not to be
described in dollars and cents before
the damage became severe the strikes
probably would end and be followed by
a squirt in business and railroad traf-
fic. In regard to the railroad strike
by itself indications pointed toward
a final victory by the managers who
if attained. would work to check rail
labor troubles: the evident desire Of
coal union leaders to effect a compro-
mise with the operators forecast a re-
sumption Of production in time to take
care of the industrial needs of the win
ter months hence, the celler of stocks
stood a chance Of buying back at high
er prices later on.
Strikes End Expected
The final outcome will show. of
Great Falls tribune. [volume] (Great Falls, Mont.) 1921-current, 1922-08-06

third shift will be put on in the near
future. The resumption of work is ex-
pected to put new life into fhe Fort
man-Landusky communities.
Rich Ore Struck
The h~igh-grade lead silver streak in
the Success ore body has been followed
by a drift for so feet. according TO a
report received from Wallace. Idaho.
recently. This body has been followed
70 feet and ore was found in both
faces. according to a report from Allan
6. Kennedy. general manager. This
streak has a maximum width of . feet
Q inches and contains 81 per cent lead
and 40 ounces of silver to the ton.
states a report received shortly after
the discovery a short time ago. No
change in its quality has been an
nounced since. and every foot of it is
high grade, according TO Mr.. Kennedy.
Couer dAlene miners refer to the lead.
silver streak as one of the rich/t
found in that region. 1t lies within a
body of lead-silyer-zinc ore that has
been crosscut for 25 to so feet without
arrival at the wall, The ore outside
the streak approaches a shipping grade
Great Falls tribune. [volume] (Great Falls, Mont.) 1921-current, 1922-08-06
livestock
AT CHICAGO

AT CHICAGO
Chicago. Aug. 6.-Cattle-Receipts
1000; compared with week ago: beef
steers and yearlings Is to Soc higher;
spots up more; in-between grades
showing most gain; top yearlings for
week SLOTS; best matured steers SOTO;
better grades butcher COWS heifers
and Gamers and cutters Is to Csc high
or; inbetween grades fat she stock
slow; Uneven; bulls % to 4Oc lower;
veal calves mostly 75c higher; stockers
and feeders strong: spots higher;
weeks bulk prices beef steers $500
l0.40: stockers and feeders $5.50Q6.50;
butcher she stock 53.2507.25; anners
and cutters $3.15Q3.20; veal calves $40
Q10.75.
Hogs-Receipts $500; light hogs dull;
% to 40c lower: others weak to 25c
lower; top SOTO: bulk desirable light
around $1,000; spots $2.25@2.50; butch
ers $10@10.25; bulk medium weight n
heavy butchers ss.75Ge.5o: bulk pack
Ing sows s7.659s.1O: pigs quiet; desir-
able kinds $1O.25Q10.4O hofdover mod
erately liberal; heavy weight s9.1O410;
medium $9.75Q1O.50; light $10.85110.60;
light light S10.25@10.60; packing sows
smooth S7.6o@6.35; packing sows rough
$7.10@7.6o; killing pigs SS.60Q10.4O.
Sheep-Receipts 5000; market steady;
compared with week ago: killing. and
feeding classes steady to 15c higher
mostly: Gull natives averaging Zoo up;
Great Falls tribune. [volume] (Great Falls, Mont.) 1921-current, 1922-08-06
Chicago Man Marries
Grants Grand Niece

New York. Aug. 5.--The marriage
here early this week of Warren Ripple,
IS, Chicago manufacturer, to 10 year
old Bertha Honore, grandniece of
President Grant and cousin of Princess
C~antacusene, became known Saturday.
The ceremony was performed in the
municipal chapel by a deputy city clerk,
with two employees as witnesses.
Miss Honore, niece OF the late Mrs.
Potter Palmer, came here from Chi
cago with Mr.. Ripple July 81. They
registered at the Ritz Carlton, kept
their secret from everyone: and after
the ceremony departed, informing the
clerk they would leave no forwarding
address as they might forsake the con.
~ventional honeymoon trip to Atlantic
City and try Lenox, Mass, instead.
Great Falls tribune. [volume] (Great Falls, Mont.) 1921-current, 1922-08-06

in quality. according to the last assay
report.
The operation of the mill was begun
last Thursday. and, according to the
managers report. it was a hard job to
get it running smoothly. after three
years suspension. The plant will begin
to receive ore in n short time, when
the period of exercise and adjustment
is at an end. 1t handled a greater part
of the ore from which the company
paid S1y000.000 in dividends"
Ore Assays High
A wire from the Spokane office of
Lauzier-W olcott advises that a new ore
body in the Success mine is of very
high grade and wider in the face Of the
east drift. Face samples assay so per
cent lead and As ounces of silver per
ton. The ore body is now drifted on
for over 40 feet in length and is over
~ feet wide.
Great Falls tribune. [volume] (Great Falls, Mont.) 1921-current, 1922-08-06

and you can 60 ahead with your plans.
The banker can now loan with better
confidence. The business man should
nnoun his new product, open his
new territory, increase his advertising,
and 60 after business now!
In spite of the fact that the stock
market has already discounted the i'm
provement to a large extent the in
weston can hold his stocks for the top
of a bull market which is almost never
reached until after the white line is
drawn and general confidence has been
restored. Il personally believe CON
cluded Mr.. Babson, that the present
market is little over half way to the
top
General business continues to i'm
prove. The index of the Babsonchart
reflects an improvement of > per cent
since last week and stands at 8 per
cent below normal. The highest point
since January. 1921,
Great Falls tribune. [volume] (Great Falls, Mont.) 1921-current, 1922-08-06
Stronghold Captured
After Fierce Battle;
Republicans Retreat

Limerick, Ireland, Aug. 5.-fBy The
Associated Press.)-National army
troops occupied Killmallock, an import
ant republican stronghold, Saturday
morning after having captured Adare
10 miles from this city Friday night
1t was officially announced Saturday.
The capture Of Killmallock was pre-
ceded by desperate fighting throughout
Friday and Friday night.
The Gortbery barracks on the edge
of killmalIock was destroyed by shell
fire and from fortified house the ir-
regulars also were forced to retreat.
Eamonn De Valera has been seen
among followers in the SUR valley
Many Of them are said to be mere
school boys.
Great Falls tribune. [volume] (Great Falls, Mont.) 1921-current, 1922-08-06

The Ruby Gulch gold mines at Fort
man, in the Little Rockies, As miles
south of Malta, are again operating,
after q shutdown since 1917. Opera
lions were begun about a week ago
with a single shift of 50 men. This
week a call was sent out from the
mines for additional workers for A sec
ond shift, and 1t is understood that a
Great Falls tribune. [volume] (Great Falls, Mont.) 1921-current, 1922-08-06
ORIENT FOR ARBUCKLE.

Los Angeles, Aug. 5.-Roscoe G.
(Fatty) Arbuckle, motion picture
comedian, has applied to federal offici-
ais here for passports for himself and
Harry Brand, his secretary. for a bust
ness trip Of indefinite length to China.
Jsran and Korea. They plan to sail
from San Francisco August 10.
Great Falls tribune. [volume] (Great Falls, Mont.) 1921-current, 1922-08-06

There has been no sign Of let-down
in the demand for motor cars, parts and
equipment. Even the most conserya-
tive manufacturers are now ready to
believe that the upward tendency.
which began with spring buying, will
continue. and that 1923 Il going to be
the biggest year ever.
Great Falls tribune. [volume] (Great Falls, Mont.) 1921-current, 1922-08-06
ib wheat 1oc less than durum.
CHICAGO CASH PRICES

CHICAGO CASH PRICES
Chicago. Aug. 5.-Wheat-No. 2 red
s1.11A: No. 2 hard S1.1291.12a.
Corn-No. 2 mixed S3Ac; No. 2 yellow
64G64%c.
Oats-No. 2 white 34436tac; No.
white 33d35c.
Rye-No. 2 7Sc.
Barley-5S@61c.
Timothy seed--S4d5.
Clover ~seed-$12418.
Great Falls tribune. [volume] (Great Falls, Mont.) 1921-current, 1922-08-06

western lambs comprised bulk OF sup
ply; week bulk prices native lambs
$12.25Q12.6o; western S12.35G12.s5: fat
ewes S3.60Q7.25; feeder lambs S12.154
1850; Gull natives $SQ9.
Great Falls tribune. [volume] (Great Falls, Mont.) 1921-current, 1922-08-06

BUTTER, EGGS, POULTRY
New York. Aug. 5.-Butter-Barsly
steady.
Eggs-Steady.
Cheese-1rregular.
Poultry-Alive steady; prices un-
changed. Dressed quiet; western
chickens 32@40c. "
Great Falls tribune. [volume] (Great Falls, Mont.) 1921-current, 1922-08-06
CHICAGO POTATOES

receipts SO cars; total U. S. Shipment,
1874; east shore Virginia barrels Cob
blers $2.75Q3; New Jersey sacked Cob
blers few sales S1.75 cwt.: Nebraska
sacked Early Ohios, poor condition, 81
Clio cwt.; Minnesota sacked Early
Ohios S1.4O cwt.
Great Falls tribune. [volume] (Great Falls, Mont.) 1921-current, 1922-08-06
MINNEAPOLIs CASH PRICES

MINNEAPOLIs CASH PRICES
Minneapolis, Aug. 5.-Wheat-No.
northern s1.25d1.3a; September $1.13,
December s1.10A; May s1.13A.
Corn-No. 8 yellow 57h15sc.
Oats-No. 8 white 29h Q30hc.
Barley-44G54 SAC.
Rye-No. 2 72% 173c.
Flax-No. ! s2.51AQ2.53A.
Great Falls tribune. [volume] (Great Falls, Mont.) 1921-current, 1922-08-06
LOCAL VEGETABLE MARKET

The following are wholesale prices
o~btsinable for vegetables, produced by
local growers. or the Great Falls mar
ket. prices furnished by Cascade
County Vegetable Growers association):
Beets, punched. per doz. punches. -. SOC
Turnips, punched, per doz. lunches. .90c
Carrots, punched, per doz. bunches. .90c
Onions, punched. per doZ. punches. .40c
Radishes, punched, per doz. punches Zoe
Yy.ad toSt,re NOR III 1E,
Great Falls tribune. [volume] (Great Falls, Mont.) 1921-current, 1922-08-06
AT SOUTH ST. A q

South st. Paul. Aug. 6-(U. S. Bu-
reau of Agricultural Economics)-Cat-
tle-Receipts 400: market mostly steady;
compared with week ago: medium to
good beef steers nominally steady;
common beef steers strong to Csc high
er; butcher she stock 25 to SOC higher;
Gamer and cutters strong to Csc high
err; bologna bulls around SOC lower;
quotations at close: common to good
beef steers s5.5O4s.5o; butcher she stock
S .75@5.7o; bulk $415.60; @canners and
cutters s2.5o93.75; bologna bulls $50
3.75; bulk S5q6.
Calves-Receipts n market COM
pared with week ago: unevenly 75c to
81 higher; best lights today ssG1o: bulk
S 9.25Qs.5O; seconds $5Q6.
Hogs-Receipts 800; market about
steady; n SG1o.25; bulb 1890
1925; few pigs $10.26.
Sheep-Receipts $50: market steady;
best native lambs $11.75: seconds $3.50;
compared with week ago.: lambs steady
to CSC lower; bulk OF better grades
closed at $11.75; light and handy weight
sheep strong to Csc higher; mostly
S6.75; heavies averaging 25c higher;
closing mostly 1894.
Great Falls tribune. [volume] (Great Falls, Mont.) 1921-current, 1922-08-06
ru no~Dc

LIBERTY BONDS
New York. Aug. 5.-Liberty bonds
( closed: 3hs $780, 6; first AIS S1o1 "a;
second AVS s100.54; third AIS 500. So;
fourth 4l4s SOL 80; Victory AIS
Called S100.SS; Victory 4as (uncalled)
&1O0. 50.
Great Falls tribune. [volume] (Great Falls, Mont.) 1921-current, 1922-08-06
GRAIN Bulletin
tations ending noon, Aug. Z.

Station Basis at Points In Montana
Taking q 43c Per Hundred Freight
Rate to Minneapolis or Duluth
Great Falls tribune. [volume] (Great Falls, Mont.) 1921-current, 1922-08-06
AT DENVER.

AT DENVER.
Denver, Colo, Aug. Seattle, receipts
800; market steady; beef steers $7dlO:
cows and heifers $4.25Q7.50; calves Sc
0$9; bulls $2.75G425; stocker and
feeders $4.6007.76.
Hogs, receipts 100; market steady:
top t10.1O; bulk e1OO1o.10.
Sheep, receipts none: UNCHANGED.