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* SPECULATIVE CRAZE BRINGS STOGKCRASH Reckless Investment Followed by Heavy Losses When Market Goes to Pieces. GOVERNMENT SECURITIES REMAIN SAFE AND SOUND' Unci* Sam's Bonds "Good as Gold** While General Slump Wipes Out Fortunes. New York.—Semi-panicky declines in the stock market and subsequent relapses from the partial recovery, with heavy forced liquidation of light ly margined holdings of the popular market favorites on the New York stock exchange have demonstrated cleary the dangers of speculation. For six months the stock market ad vanced. slowly at first and with the usual "profit-taking reactions" and in recent weeks going up by leaps and bounds in some departments of the market, notably oil. motor and other "industrial" shares. Then in a few days there has been a decline wiping out much of the advance of months— in some stocks practically all of the advance. There was reason behind the ad vance, but a speculative craze carried it beyond reason. Eastern market reports for months have carried men tion of buying by "the public." High wages, war profits, the prosperity of industry and agriculture have given many the fever to speculate. Investments Prove Disappointing. Financing of new and old corpora tions by stock, bond and note issues called tor hundreds of millions of dol lars. Issues of preferred stock alone since January X have totaled more than $600,000,000 and common stock a billion more. Foreign loans with more in prospect to finance Europe's buying added to the burden. The immense baying power of the coun try shouldered the load, but specu lation in listed shares was getting out of bounds. Money rates began to show the strain. Three weeks ago call money in New York to 16%, the next week to 20% and last week to 30%, the highest point since the panic of 1907. Renewals touched 14%, the highest in years, and time money hit 8%. The advance was a warning from the banks to go slow. •"Pools" and "tipsters" began to draw In their horns. The decline was orderly until in rose sufficiently margined accounts were liquidated. General Motors new common slock, Then came a smash. D VI t * j , ? 3 R which bad soared to 406% dropped to 280, Mexican Petroleum from 256% to 186, Texas company from 338 to 286, Studebaker from 143% to 108%, American Tobacco from 307% to 240, Crucible Steel from 235 to 209 and so on down the list, Even U. S. Steel, the porverbial mar- . ket k arometer ' decllned from 112 H 10 103 ' The break extended throughout the list, less marked of course in lower priced stocks. The bond mar ket also suffered. Perils of Speculation Shown. Since the culminating slump there has been recovery ranging from 2 or 3 points to around 20 to 45 points in stocks which suffered most on the decline but down swings followed the recoveries and the marked atmosphere Is not yet considered cleared. In a nutshell a speculative craze set the banking interests and the Federal Reserve Board against overspeculation and the crash came. No better illustration of the permanent and toed value of can be found than tied market. War Savings Stamps and Treasury Savings Certificates and Liberty Bonds continue their interest bearing career unaffected by the storm« of financial stress that overtake less favorable securities. government securities in the present unset The hand la quicker than the eye and so is the typewriter. Fifteen years ago, some of you may remember, there were two great magicians appearing before the Amer P ub,lc Hermann the Great and Keller the Magician. Although rivals they were great friends. They were DO YOU KNOW MR. KELLER? one day when an admirer of Her mann's came up and started to tell the latter how good he was. "You know," he said, "that I am SSSS"aWfl" ? n ^ eU . r ur^ i S5 t o° n , e ha b n u d t iÄ'rdTici £Sï e d e n d Æ' wlth ••Oh," said Hermann modestly, "that is a very simple trick. Any one could do it. i venture to aay this gentleman wfä"ft."" ht h *" C ° Uld deC * 1Ve y ° u 'Til bet a hundred dollar« he could not" «aid the amateur and Hermann took the bet. Krtler*p«rformed r the trid» wlt^aga# and ''Tgus- you don t know mv friend Mr. Keller." Mid Hermann as he pocketed the hundred. When any sleight of hand promoter wanta to sell you wild cat stocks, or to exchange something he says Is sure to make you thounndi for ev. ry dollar you put up, for your Liberty Bonds and w Savings Stamps, you had better find out whether you know Mr. Keller. A prospectua and a promise Is all the equipment these fakers require. With that simple apparatus they can maks oils wells spout where there la not ubrlcata a watch; they gold where there la not enough yellow metal to plate a profiteer's con science; they can make rubber planta tions nourish In countries where the «atlvea are the only things that stretch. If a man has 110.000 «alary, he may be able to afford to take a chanoe. If has less than that amount he cannot afford to lose. You know there la no trick about gov ernment Mvlnga securities. You KNOW they are Mfe. that they are profitable a that you can exchange your Wat Savings Stamps and Saving« Certificates for cash at a profit whon you need It, If yen think the alettait «■■net, loci you, moot Mr ar oil ftd enou can h« of hand NOTICE FOR PUBLICATION Department of the Interior U. Land Office at Miles City, Montana Oct. 7, 1919. NOTICE is hereby given that Aant Visser, of Redwater, Montana, who on Nov. 2Sth. 1914 made Homestead Entry No. 023824, for East Halt (E%), Section 28, Twp. 21 N., Range 49 B., M. P. Meridian, has Hied notice of intention to make Three Year proof, to estab lish claim to the land above described, before Peter Rorvlk, U. S. Commis sioner, at Circle, Montana, on the 24th day of November, 1919. Claimant names as witnesses: Christ Aasen, Harold Carbert, H. H. Strobach, Bert Coin, all, of Redwater, Montana. G. W. Myers, Register. NOTICE FOR PUBLICATION Department of the Interior U. S. Land Office at Miles City, Montana ctept 17 1919 NOTICE is hereby given that John Nagel, for heir of John Nagel, Jr. of Circle, Montana, who on Dec. 30, 1915, made Homestead Entry No. 028118, for South Half, Section 4, Township 16 N., Range 49 E., M. P. Meridian, hä'a filed notice of intention to make three year proof, to establish claim to the land above described, before Peter Rorvik, U. S. Commissioner, at Circle, Mon tana, on the 6th day of Nov. 1919. Claimant names as witnesses: Jack Hamilton, August Hameian both of Union, Montana, Fred Petrlck, Wm. Murphy both of Circle, Montana. G. W. Myers, Register NOTICE FOR PUBLICATION Department of the Interior U. S. Land Office at Miles City, Montana Oct. 18th, 1919. NOTICE is hereby given that Ole Ormo,, of Circle, Montana, who on Dec, 11th. 1916, made Homeetead Entry, No. 032841, for N%NE%, E%NW%, Lot 1, 2, Section 30, Township 19 N., Range 48 E., Montana Principal Meridian, has hied notice of intention to make Three Year proof, to establish claim to the land above described, before Peter Rorvik, U.S. Commissioner, at Circle, Montana, on the lltb, day of December, 1919. Claimant names as witnesses: John W. Boyle, H. Wischmann, Ben Abrahamaon, Louis Abelin, all of Circle, Montana. G. W. Myers, Register NOTICE FOR PUBLICATION formerly Karen Jensen, of Circle, Montana, who on July 26, 1916, made Homestead Entry, No. 0301)66, for W%SW%, Section 2. Township 19 N., Range 49 E., Montana Principal Meri dian, has filed notice of intention to make three year proof, to establish claim to the land above described, before Peter Rorvik, U. !3- Commis sioner, at Circle, Montana «n the 3rd. day of November, 1919. Claimant names as wfitnesses; Jens Jensen, Pete Framlsen, Andrew Kerkegaard Soren Jense ci all of Circle Montana. Department of the Interior IT. S. Land Office at Miles City, Montana Sept 6th, 1919. NOTICE is hereby given that Karen Secora, G. W. 'Myers, Roister NOTICE FOR PUBLICATION Department of the Interior U. S. Land Office at Miles. City, Montana. Sept, 8th, 1919. l ' Jo8epd Dalsa88( > of Genoa, Wte cousin, father and 1 ûelr of John L. Dalsasso, deceased, who, on July 28, 1916, made homes^fead entry 030621, for Lots 1, 2, 3, rand 4, Section 6 T. X9 N ., R . 6 i E., Ifl. p hereby rfve ' nt " ij" " y ?* my ^terRfon to submit proot 8howing the im of L'-.i heirs to * and Undeg t$ e provt-ons at section 2 of the ket of July «8, 1917 (40 Stat. 2Ä8). igloo, the ground that the homqTiteadta' d«d while actually engaged in the military dervlce of the UQite4 State8 ' «stabile* my claim to tofe land aboWfe dean tbed. before n . . , _ ' Register and Receive* l of the U. * Land Office, at Miles Cif V. Montana tn the 13th day of Decei ober 1919, . , , ' hoc by two of the following wi tneaaes: A - p - Kremer, R«se E. Punch t fiharles OW ' Jotm a11 Of, Ge: boa. Wi8 cousin, G. W. Myers, (legister. C. R. CULWJM The "Gets Results" Auetlom er BONjQf^D AND LICENSED For dates and terms write to r*. R. Outturn, Circle, Montana' oc leave wo« at Banner Office. CHURCH NOTT Lutheran Church A. J,,<xrwvdal. Pastor 0 A. M. Sunda Decemb*tt' Englis. , - Sunday , Circle, 11 A. M. t 10 A. M. 1 Gaelic Church Rev. Nicholas Rauh Mass second Sunday of every month 10 a. m. Church of United Brethren in Christ Services for Nov. 30th. C. W. Loomis, Pastor. Sunday School, 10:30 A. M. Mrs. Maasar, Supt. Morning Worship, 11:15 A. M. Music by the choir. Christian Endeavor, 7:30 P. M. Mrs. A. E. LaRowe, Leader. Evangelistic Service 8:00 P. M. Choir Practice each Friday eve. at Miss. Alta LaRowe the Church. Leader. NOTICE FOR PUBLICATION Department of tne Interior, U. S. Land Office at Miles City, Montana Nov 5th, 1919 NOTICE is hereby given that Kezia B. Stewart Shipman, Heir and for the heirs of Campbell L. btewart, of Shelbyville, Kentuckey, wuo on July 21, 1913, made Home stead Entry, No. 019399, for East Half (E%>, Section 24, Twp. 19 N., Range 47 E., Montana Principal Meridian, has tiled notice of intention to f inal three year proof, to establish cKiim to tue laud above described, oeture cierk of Court at Shelbyville, tvy, and witnesses before Peter Rorvik l. S. Commissioner, at Circle, Mon tana, on the 19th, day of December, 1919. Claimant names as witnesses; H. A. Jensen, Martin Aus, John Nic ol ussi all of Circle, Montana Sper audin Nlcolussi, of Glendive, Mon tana. make G. W. Myers, Register. NOTICE FOR PUBLICATION Department of the Interior, U. S. Land Office at Miles City, Montana Nov. 6th, 1919. NOTICE is hereby given that Don Green, of Union, Montana, who, on July 12th 1916, made Homestead Entry, No. Township 18 N., Range 50 E., Montana principal Meridian, has filed notice of intention to make three year proof to establish claim to the land above described, before Peter Rorvik, U. S. Commissioner, at Circle, Montana, on the 16th, day of December, 1919. Claimant names as witnesses: Henry Brewer, A. M. Gaff, Lyle C. Pullen, Levi D. Hendrixson, all of Union, Montana. G. W. Myers, Register. NOTICE FOR PUBLICATION Department of the Interior, 0. S. Land Office at Miles City, Montana ^November 18, 1919. « NOTICE is hereby given that Thomas P. Garvey, one of the heirs of M. Henry Garvey, deceased, of Miles City, Montana, who Jiffy 20, 1916 made Homestead Entry Serial , No. 039470, for E% NW%, N%NE%, Section 31, B%SE%, Section 30, W%SW%, Twp. 19 N., Range 48 K., M. P. Meri dian, has filed notice of intention to make flnai three year proof, to es tablish claim to the land above de scribed, batore Register and Receiver U. S. Land Office at Miles City, Mon tana, on the 3rd, day of January 1920. Claimant names as witnesses: W. Elmer Holt, Eugene B. Mllbarn, Howard Wells, all of Miles City, Mon on Section 29, tana. John W. Boyle of Circle, Mon tana. G. W. Myers, Register. HAVE YOU ANY AGATES I If so send them to us with diagram or description of what vX| would like made from them and Eve'll rought, jvorthless rocks to fine. Valuable gettings for you reasonable pHices. Nothing more desirable for Christmas gifts, f We return everything but the Modsrrf Machinery. from change them at saw dust. Skilled Workmen, fair And cour Don't wait till teoue treatment the Xmas rush. LARIMER'S AGATE SHOP 313 N. Meade Ave„ »endive, Mont. K Florence W. Stephens ATTORNEY AT LAW Practice in all Court« Circle« Montana Dr. B. S. Bundle Physician and Surgeon . CIRCLE, MONT. H. L. KOEHLER, M. D. i Physician and Surgeon Eyes examined by most modern methods. MONTANA CIRCLE, Dr. A. F. Robson DENTIST [ j I Call on me if in need of dental SERVICES Office over Masser-Klaus Meat Market ■ Circle, Montana O. C. Brown Contractor and Builder For Bum Work and Quick, Rotten Service Always See Me. Circle, Mont. A. O.U. W.Lodge No. 42 Meets every 2nd and 4th Tuesday of each month * Anderson's Hall Circle, Montana W. J. KING LICENSED ô BONDED AUCTIONEER Write for dates or leave word at Banner office REDWATER. MONT. NOTICE TO CREDITORS Estate of Grant E. Pefflej? deceas ed. Notice is hereby given by the un dersigned, adimnistrator of the estate of Grant E. Peffley, deceased, to the creditors of and all persons having claims against the said deceased, to exhibit them, with the vouchers, within 4 months after the first publication of this notice, to the said administrator at the office of Florence W. Stephens, attorney for said administrator, in Circle, Montana. William H. Craver administrator of the estate of Grant E. Peffley, deceased Dated at Circle, Montana this 3 day of November 1919 Florence W. Stephens, Attorney for Administrator. necessary NOTICE TO CREDITORS Estate of Edward Moline, deceased. Notice Is hereby given by the under signed, H. A. Grove, Adminstrator of the Estate of Edward Moline deceas ed, to the creditors of and all persons having claims against the said de ceased, to exhibit them, with neces sary vouchers, within 4 months after the first publication of this notice, to the said Administrator at his office at the Circle State Bank, H. A. Grove. administrator of the estate of Edward Moline, deceased. Dated at Circle, Montana this 3rd. day of November 19X9 Florence W. Stephens, Attorney for Administrator. iob Printing r J r\ ? We ax« equipped to haadta any kind of Job Printing, and when it row to Service, we can only refer you to oar cu stomers or ask that yon give u* a triaL Stock Brands Rate« $3 J* r ear -* r . s 4 b JS iC. le, '-Alont. Range Redwater Hell creek. Cattle same brand on left ribs. P Right hi .ule A, as Morris J. address Paris, Mont. Range Nelson er. A O Horses Same brand also on cattle, left hip left thigh on J. D. Murphy P.O. address Cirole, Mont. Range on MeCune Dry Ash, Hell or. Herses same brand on left jaw $100.00 reward for conviction of anyone caught dogging or driving my cattle or horses on the open range. TÊ L. A. Limm.sand G Son rf P. O. address \ Circle. MonL Range Sioux to Buffalo Spring cr. Cattle same brand Right ribs A reward of $50.(JO will be paid for information leading to conviction of any party shooting or ill-treating any stock with above brand. Art McNeal Postoffice address Paris Montana Range mouth of Coal. Timber cr. Cattle also branded AVE right hip. J D. BRUNSON T 3 ! P O address Van N" rman, Mont Ran* Big Dry, mouth of Woody creek. on left thigh also on horses. Morton Clliott P.O. address Circle, Mont. Range Lost creek, Buffalo and Red-1 water. Horses same brand left jaw. Art**ur G. Partons TU P. 0. addreae Savage, Moat. Range Big Dry and tributariae mouth Timber cr. near Other brands | on both jaws; J J on right shoulder. Forman address, Paris, Mont. Ralph Wbitlo«k Rhyi Jaune« P. O. address Circle, Mont. Range on Reel water below Circle Ï 5 Cattle same brand on right hip. Albert Harm P. O. address Circle, Mont. Range Red water MaCune creek Cattle same brand left ribs Crting Njaa P. O. address * Circle, Morit. Range Redwater Mayberry creek Cattle «am« brand on left hip. is C. B. 1 j3h p -, Mor.t. Ra^ Jpper Horse creek Also own brand fs. or left shoulder Vent above original. Jolta Mx«n P.O. address Circle, M Range Antelope <fe Stony Butte era. Cattle same brand right hip. (PT Claude Title* km. P. O, address Circle, Mont. Range Redwater t Horse and Lost or. Horses same brand on left shoulder '4 Shark Bros. is P O addren Circle, Mont. Range bend of MeCune creek Cattle same brand on left hip Horses branded right thigh Cattle branded right hip. Jack Murphy In m djaj|yJ|Ml _ P.O. address Circle, Mont. Range on MoCune and Dry Ash crs. Cattle same brand on right ribs. A. M. Goff * P O addn Union. Moat. mf IsMhL Range on 3unii C'-otlonwood and Buffalo Spring er* Sam Undent P O address Circle Montana Range on Cottonwood t ! Horses same brand on right jaw Cattle also branded on right ribe i P.O. address Lindoay, Mont Range Ooltonwood and Sio'jx creek, Stilson coulee Brand on left hip Horses and Cattle iü I Left hip for cattle only Left shoulder for Horses and left hip for cattle. C. H. MORSE •me Mink, Montana Horses same brand Range on Sioux, and Correl Creek. LOUIS ABELIN Circle, Montana Range Redwater & Mayberry. Horses same brand ! left shoulder B. E. TAGGART "The Live Wire Auctioneer" BONDED AND LICENSED Leave order at Banner Office or see Me personally. Give us a triai. We Quarante« Satisfaction. Mason Knapp Licensed Auctioneer Will Cry Sales la «ay part of the County, on Coauaie sion or by special amass ment* with the Owaer. Circle, Mont. t ,