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The Caldwell tribune. [volume] (Caldwell, Idaho Territory [Idaho]) 1883-1928, May 16, 1919, Image 3

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Business and Finances
By Vf. S. Cousins. Editor American Benker.
New York, May 10.—In any pro
tracted bull movement in the stock
market, it invariably happens that a
.mall number of the so-called market
leaders are the first to be affected by
forward rush of bullish sentiment;
and these leaders may as a rule be se
lected from a group or classification
which enjoys the largest measure of
oublie favor for the time being. As
the bull movement advances, however,
every division of the market receives
the consideration which it justly
deserves by reason of either special or
general developments in the various
industries of the country.
For the past three months the for
ward movement in the stock market
has been confined almost exclusively
to the .indtntrM»li!«nd oil groups, based
upon the act«» and potential im
provement In the outlook of the giant
industrial enterprises of the country,
and to the wonderful development of
the new and proven oil fields of the
south and middle ' west. Coincident
with the accélération of the trading
in these groups of stocks and the
making of ne<v high records almost
weekly in different sections of the
stock list, there has been a general
improvement in business and in the
outlook for the future.
Durtaff the part two weeks the rail
road stock* have come into their own,
more particularly those of the stand
ard rails which have not heretofore
shared in the feverish upbidding of
certain of the low priced shares based
upon the possible development of oil
production oji their properties. Trad
ing in this department is characteriz
ed bv a healthier and more substantial
tone than lus been evident since the
turn of the W*r. Some of the mort
important' inactive railroad stockt
which have not been traded in ex
tensivelr, have come'to» the front, and
there is evidence that many of these
issues are sensitive to the new buying
demand. The general advance by
these shares is attributed to reports
of an earlier session of Congress than
has heretofore been expected.
Some of our economic experts are
now predicting a downward trend in
commodity prices and coincidentally
a like trend in the prices of industrial
stocks. Due to "stabilization" of
prices during the war it was not pos
sible in many commodities for the law
of supply and demand to function
properly, and for many lines of busi
ness the policies put into practice by
the government cofnpletely upset all
calculations. Soon after the signing
of the armistice there was a tendency
to decline in commodity prices, and
while there still exists some hesi
tancy in buying, there has been an ad
vance in some lines over the highest
price during the war. The official in
dex shows that the prices of food rose
2 per cent in March and are now 14
points above last year on an average
of 22 articles.
Sooner or later the world, including
the United States, will have to pay for
the destruction of wealth and re
sources and such payment will entail
a period ®f liquidation and depression.
But such a period of liquidation,
which will include labor, is far off. At
present there is an increasing foreign
demand for our products, and our ex
ports are exceedingly in value even
the high level o£ the war demand
With the existente of this demand
and with no prospect for a decrease
in the price of labor, it is hardly pos
sible to expect a downward trend in
commodity prices.
Financial Features
Evidences have multiplied during
the progress of the Victory Loan cam
paign that American money is in lib
eral supply for high grade-investment.
and the -total of subscriptions. to the
Victory notes during the first 18 days
of the campaign has not represented
the eonntry's abilitv to a!bsort> the
four and a half billion dollar issue.
Secretary Glass' telegram to the news
papers expressing apprehension con
cerning the Victory Loan must there
fore be interpreted in terms of the
fear of apathy on the part of the
to most WOMEN
B usiness M eanï;
YI e H elp Y ou
evert woman should have at least the
training in business that the handling of a bank account
you don't know when wou'll need it,
nor how muoh.
we are olad to help you learn the
wor king ©f a bank account here; to teach you all you
need to know about it.
accounts are invited.
pier than you think.
it is sim
•w vv. <7 or 3a kk à Ar Yoi /t. Comiaho
T îrst N atioîsal B ânk fi
L Vi. Dw F. L L , IDAHO.
small quantity subscriber, rather than
in the reluctance of the banks and
large financial interests to do their
full share.
•Americans know a good investment
when they see it, and never before has
an opportunity been presented to se
cure an investment bond of 4 H per
cent, backed ^by the wealth of America
and good faith of the government of
this nation. It is, furthermore, an
opportunity that will not be repeated,
and as an evidence of the appreciation
of that fact it is only necessary to re
fer to the steady advance in the out
standing Liberty bond issues. With
the exception of the first 3'/$s, which
are in direct competition with the 3%
tax-exempt_ bonds, a gain of more
than a point was registered during
the past week by all of the Liberty
A feature of the investment market
during the coming months will be the
presence of representatives of for
eign enterprises for the purpose of
floating industrial bond issues in this
country. Recently the agents of a
ver v large Italian manufacturing con
cern have made proposals for a $5,
000,000 credit, to run for three years
at 6 per cent, and have stated their
willingness to deposit Italian govern
ment bonds as collateral. This cred
it, when it is arranged, will be used
mainly for the purchase of steel pro
ducts. Representatives of the Ru
manian government have submitted
proposition for the eovernment to
issue its bondg in dollar denomina
tions at 6 per cent interest, for ma
turities from three to twentv years,
the bonds to be deposited with Amer
ican banks and to be oaid, interest
and principal, in American njonev.
Greece has already suge^sted to
American banks the possibility of
floating an issue of $5.000,000 of
Greek nationals. The Greek govern
ment is anxious to have some Amer
ican banks underwrite the offering
which will be in bonds of the internal
Greek issues. A delegation of Poles
is now en route to the United States
for purposes of opening up financial
and commercial relations with this
country, and some private interests in
Belgium, quite distinct from the
grpup which a month or so ago nego
tiated the $50,000,000 acceptance cred
it, are said to be making inquiries in
the financial district. These issues, if
floated, will add to the investment
opportunties for American capital
Ease in the monev market was an
important factor during the last week
of the campaign, rates for all matur
ities having been marked down to the
lowest levels. Call money at 3V£ per
cent is indicative of a good sized
loanable surplus on the part of.the
commercial banks, and is a logical
fore-runner of a favorable stand in
the time market. Cheap money is al
ways conducive to a heavy specula
tive position, and should this continue,
it will be logical to look for unusual
activity in the stock markets.
The'business situation in the Unit
ed States has improved very much ir
the last month, and the outlook i& en
couraging. It is a very great gain to
have dissipated the atmosphere of
pessimism which was prevalent
February, and that has been accom
plished in large degree. The idea
that the bottom was about to drop out
of all markets, and that a grave pe
riod of unemployment and perhap
social disorder was pending, is no
longer entertained. Trade in all lines
devoted to construction. Unemplov
ment is decreasing and systematic ef
forts tb place every workman in a field
of profitable employment have met
with good success. Bank clearings are
running far ahead of the records of
other years, indicating a healthy in
crease in domestic trade.
Another graduate of the College of
Idaho has won distinction. Hugh N.
Caldwell of this city won the annual
Kent Club prize at Yale. It is said
Mr. Caldwell is the third College of
Idaho man to win this debate.
This Case Has a Hint for
Tribune Readers
A Caldwell woman has used Doan's
Kidney Pills.
She has found th'em as represented.
She wishes her neighbors to know.
She publicly recommends them
No need td look further for a tested
kidney remedy.
The proof of merit is here and can
be investigated.
Profit by the statement of Mrs. Mil
ton Foster, 407 Dearborn Ave. She
says: "Some years ago when I was
living in Kansas, I used Doan's Kid
ney Pills. I had been having consid
rable kidney trouble and had suffer
ed with lameness in my back. I was
also bothered with my kidneys being
weak and acting irregularly. Doan's
Kidne v Pills gave me the desired re
sults in every way."
Price 60c, at all dealers. Don't
simply ask for a kidney remedy—get
Doan's Kidney Pills—the same that
Mrs. Foster had. Foster-Milburn
Co., Mfgrs, Buffalo, N. Y.—Adver
"Smith, I have heard so much
about your new farm home that I just
Well, Jones, we certainly are a little
"ell, Jones, we certainly are a little
proud of our new home, and are al
ways glad to welcome inspection by
our neighbors." "Come On in and
look it over."
"Wife and I have been thinking
this house over for some time, but
did not know exactly how to get it
worked out to suit Us. I finally went
in and talked the matter over with
Mr. Sandmeyer of the Boise Payette,
and he told me about the B -P ser
vice plan; how they would take a
rough sketch and work it over into a
modern house to suit each individual
case." Mr. Sandmeyer told me that
his company maintained at Boise a
complete designing department, su
pervised by competent architects, who
devoted their entire time in working
out building problems for B-P pa
trons at no cost whatever to them."
Now, I will tell you, Jones, you can
buy lumber anywhere, but you can
not buy such service as has been ren
dered to us bv the Boise Payette
Lumber Co." "We have nothing but
praise for the service, material^ prices
or anything else connected with the
deal." "Mr. Sandmeyer has^promis
ed to fusther assist us in building our
barns, laying out our grounds, etc."
When we get all of our improvements
made we vÄll have a ranch which
looks like REAL. MONEY."
"I am mighty glad that I' came
over, Smith." Mysejf and several of
my neighbors are figuring on build
ing this fall, and we will sure go in
and see Mr. Sandmeyer about our
plans at once."
The Ladies' Aid met at the church
Tuesday afternoon. Election of of
ficers took place. The following were
the officers elected: President. Mrs
Penson; vice president, Mrs. Kurtz
secretary, Mrs. Andrews; treasurer,
Mrs. Small.
Mrs. Wm. Gahley and little daugh
ter, Welma, left the first of the week
for Washington where Mrs. GahleJ
will visit her sister. She will visit in
California before returning home.
Those who attended the commence
ment exercises here Thursday even
ing outside of the- Ten Davis com
munity were: H. C. Baldridge, J. E.
Kerrick, Mrs. C. Ben Ross, Misses
Helen Usadell, Myra Casey and
Josephine Spaeth, Mrs. M. M. Small,
all of Parma; Rev. Vance, Misses
Elizabeth O'Connor and Mildred
Lovejoy and Rev. H. T. Mead of
Caldwell. „ T ,
Edith and Marvin McLaughlin
spent Thursday evening here. They
attended the ^ommençement exer
CI Thursday evening, May 8th a large
crowd attended the commencement
exercises given at the Grange hall.
The hall was decorated with green
foliage and large bouquets of lilacs
and snowballs. A bouquet of pink
carnations, the class flowers, were
standing in a vase on the platform
Seated on the platform were the two
graduates, Sidney E. McLaughlin and
George N. Tucker. Rev. Wm. F.
Vance, Prof. Clinton O. Bay and Mr
James B. Newport. At 8:30 o clock
the following program was H'ven:
Sessional P™ rl j?," 19 "
Is' Chorus, "A Merry Heart^.^
Tnvöcäriön ...r.... .... CHnton O. Bay
Solo Miss Elizabeth O'Connor
Oration. "One Target" ............-•••
, ; Sidney Eugene McLaughlin
Oration. "Live and Let Live ...-■
Georpre Newton Tucker
Girls'* Chorus (Neapolitan Boat
Song) "Santa Lucia >•
Commencement Address, The New
Era of Opportunity^
Rev. Mm. F. Vance
Presentation of Diplomas
James B. Newport
Soio, "By the Waters of Minne
tooka" Thurlow I.ieurance
Miss Elizabeth O'Connor^^
In The 'community and school
was held Friday on the old T"cker
place where G. L. Judd and family are
Dry Zensal
Moist Zensal
Use one of these clean,
odorless ointments for
your skin troubles. Dry
Zensal ffives speedy relief
to all forms of dry eczema
and pimples. Moist Zensal
soothes and heals the
watery eruptions. 75c a
Botkin-Joy Drug Co.
Ash Your Dealer I
Grand Prize 1
firearms 0 Ammunition j
" Write for C&t&loéue
living now. Although the wind blew
some everybody enjoyed the day very
much. About 10:30 o'clock the fol
lowing program was given:
Welcome Address..—A. W. Andrews
Play, "Hiawatha" Grade Pupils
Song, "Firefly" By Ten Girls
Garden Exercise..— Primary Room
Talk » S. G. Tucker
Song, "Mill May" School
After the program Mr. Bay gave
the 7th and 8th grades and the high
school their report cards.
Before dinner a few stunts were
pulled off, such as relay races and a
few other races. Then after the races
everybody lined up for dinner. And
splendid dinner it was. The crowd
enjoyed the eating part of the day
more than the games of course. L. E.
Jewell was in charge of the races and
ball game which took place in the
afternoon. A few races and contests
such as pie eating contest, fat ladies'
race, sack race, potato race, hundred
yard dash, etc. When the races were
over the crowd went up to the school
house where the ball game took
place. The school played against the
,, scri^b)s'' and were -beaten. Thosie
playing on the school team were L. E.
Jewell, Glen Penson, Sidney Mc
Laughlin, George Tucker, Winston
Miller, Wm. Specht, Elmer Weick,
Paul Penson and Lyle Smith. Those
of the "scrub" team were Robert
Spaeth, Lester Bura.n, Cross Evans,
Bert Coffey, Marion Kurtz, Gordon
Judd, Maurice Judd, Martin Gahley
and Marvin Newport. By the time
the ball game was ended it was time
to go home. The whole community
enjoyed the day immensely.
Mr. and Mrs. Miller, Miss Edna
Miller and little nephew, Mrs. M. M.
Caldwell and Myra of Nampa attend
ed the school picnic here Friday.
The principal of Ten Davis high
school has prepared a term honor
roll. Those receiving thie ranking
"with greatest) pr|aise* were Peart
Small, Emma Specht, George Tucker,
Sidney McLaughlin, Bertha Bale)
Georgia Newport and Charlotte Ham
ilton. The following received the
racking "with great praise:"" Bertha
Sabin, Grace Brown, Artie Newport,
Anna McLaughlin, Lyle Small,
Frances Barnum, Elmer Weick,
Grace Tucker and Anna Tucker.
•1 t
A Service that Keeps Trucks Running
—a good service,
—a service that provides you with good tires,
—United States Solid Truck Tires.
By virtue of a special vulcanizing process United
States Solid Truck Tires are lighter than other solid
tires, which means less dead weight on the motor.
They are tougher and more resilient, which results
in longer life for both tires and truck.
Any way you figure it United States Solid
Truck Tires reduce the cost of truck operation and
maintenance to an amazing extent.
Bring your truck around today and let us equip
it with these good tires.
United States Solid Truck
Tires are Good Tires
What Brooklyn
said to Omaha
Welcome, friend from the town of "Ak
Sar-Ben." First have an Owl Cigar and
telJ me then how can you be so young and
yet so big? Is it because of your smelters,
your railway shops, your stockyards and
dairies? Or b it more because you've got
that Western Push?,
Thanks, my Eastern friend, said Omaha,
1 must acknowledge my debt to you. Our
jobbers sdl your sugar. Your harbor ex
ports the grain from the country 'round
about me. Now have one of my Owls.
•* • •
Far-flung does find ready get-together in Owl
and White Owl cigars. Their dependability of
fragrance has made these cigars "All-American"
favorites—from big cities to tiny villager. Try
them. They will tell you their own story of
new dependability of smoking.
r hi te OWL 8^
B—t and Rusttll Branch
«ou* City Dm M o I m
Those who merited the ranking "with
praise" were Zora Penson, Floy
Evans, Wayland Ashcroft, Harry
Penson, Gretchen Evans, Myrtle
Sparks, Pearl Sabin, Dorothea Gahley
and Jessie Welbourne.
After four months of splendid suc
cess in its work the Ten Davis school
closed Thursday evening. The pupils
all made their semesters credit, pass
ing with good grades. Since our new
set of teachers came our school has
improved wonderfully. Mr. Bay
made a splendid principal and teach
er. He being able to teach the chil
dren to sing was very helpful and
each student enjoyed the forty minute
period of singing which they had ev
ery day. Mr. Jewell was a favorite
with the boys as he enjoyed ,being
out doors playing baseball and any
other games the boys played. Mr,
Jewel was also an excellent eacher
The rest of the teachers were" very
successful as teachers alsp. Miss
Ruth Miller and Mrs. Conners will
teach here again next year. We all
hope that the three teachers yet to be
hired will be as successful teachers
as their predecessors have been.
Mrs. P. O'Conner * and Bryan,
Misses Helen and Mildred Lovejoy
and Elizabeth O'Connor of Caldwell
were visitors here Friday.
Clinton O. Bay left Saturday for
Portland where he will spend the
summer. Leo E. Jewell will spend
few weeks in Boise before going
Misses Ruth Miller and Ruth Mead
and Mrs. Margaret Conners left Fri
day evening for their respective
homes where they will spend the va
Mr. and Mrs. ,L. J. Starkey of Me
ridian were Sunday 'visitors in this
Mrs. Chas. Gulliksen entertained at
dinner Sunday Mr. and Mrs. L. J.
Starkey, Mr. and Mrs. L. M. Buran.
L. E. Small and family and G. L. Judd
and family.
Ship Will Carry 15,000
Increase in the troop-carrying ca
pacity of the transport Leviathan, for
merly the German liner Vaterland, so
that the big ship will carry 15,000 per
sons, including the crew, has been de
cided by the navy department. About
11,500 is the capacity of the ship now.
The increased room will be ob
tained by utilizing space devoted to
the promenade deck and to the huge
swimming pool.

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