Bemidji Daily Pioneer Newspaper, August 23, 1922, Page 4

MONEY AND MARKETS ' - ‘Basic conditions have mot charged during the i . thirty days.. The normal mid-summer slacken- z:in business has been less noticeable than 1 despite the fact that the railroad and coal ‘strikes. have continued to exert an adverse effeet. - { “Fvidence of the steadiniess with which all claisés of.goods have peen moving:is the fact that ear !oadmp for ‘the month of July, exclusive of cosl; were one-fourth greater.than such.lsadings. for ER July, 1921, and facked very little ‘of resching’ the £ _total for August, 1920, the highest, recorded month dence of the remarkable maintenance of business s reported by member banks to’the Federal Re- serve Board which were 13 per eent h ' sponding. week in 1921, . § . .On the basis of freight movement-thus-far in t 1922, an unprecedented strain on the capacity of the railroads seems certain in the autumn’as a res sult of the expected expansion of business, the de. layed movement of coal, and the marketing of " large crvps. The roads have ordered more than 100,000 cars during. the year, and have ‘steadily _improved their facilities in other ways, but it it nevertheless difficult o see how serious traffic con- gestion can be avoided. ‘Wholesale trade in most lines is uhsh:m’. It i apparent that retailers are continuing their pol- jcy of conservative. orders, but reports from all ¥l parts of the country indicate that a gngd lumnm | ‘business is expected,: The most recent:crop re- ports, together with the fact that ‘aside from men cut on ‘strike, there are now fewer unemphyed workers ' in. the . United *States than at any “time -mce the beginning of the business - récession, of 1920 amply justify this expechhon. e nflegt;d by the difficulties. Anum‘ #nd railroad strikes, but aside " thie Iabo situation, the.outlook for ¢ “the ‘basis' of unfilled orders and bther’eviden 6mhand is for stable business ta the close of tlu _’year. While no marked changes hnve ‘occurred in ihdustry, there has: been ‘a- gradual] recovery iw Neéw England from strike condi 3 A “dightly: improved demand for broad silks is in evidence. sections of leather manufactures. are expandlng. The automobile and tire industries have not as yet shown: as much seasonal curtailment as was expect- Mrs. Annette Felch visited at the thome_of Mrs. J. T. Hendricks Thurs- day afternoon, Henry Stevens shipped his Case gas engine and separator from Shev- lin to Grafton, N. D., Friday. Mr. Stevens and Emil Julin left on Sun- day by auto for Grafton where they intend to thresh. Harold and Olaf Syverson visited at the Felch home Sunday after- noon. | Bagley callers Friday. Frank, Conrad and T. Julin and Lud- wig Bredeson this week. Mammoth clover is yielding about four bushels ed bushel per acres. . and Mrs. E. A; Harvey mo- tored to Bemidji- Wednesday and Thursday: to attend-the. fair. .~: =Mz, and Mrs. O. E. Evenvold nd family attended the fair. at Bemldji, FM Tnoony . 4%,“5 and’ !mu'ly e:llnd ll elch home, Friday:forenoon;, ank Julin madé ‘a business 1 mt WEFaieh farm Monday ‘orning. ikm Julin visited his brothers; -and-August, Sunday. = their daughter, Mrs. Emil Norden at} Fosston. d Henry Hoff of Moose re- Jor American railroads. Equally comyircing etix + activity is-the total of debits to individualiaccounts - for the : week ending August 9, 1922, than: for the cfinfi . B Bt The iron and teel industry -is. beig flw : i » conditions in‘ the various - divisions: of the textile. . i Operations in the boot and shoe industry and othet E to Bagley Thursday to consalt‘ Dr. Campbell in regard to the illness of their infant son, ,John Anderson 'is assisting Lud- wig Bredeson hull clover this week. Mrs. G. W. Felch spent the week end in Bemidji attending the fair, and while there she was a guest at the Will Avery home. Between-train visitors in - Bemidji Saturday. were 'Oscar George Felch, Marion Skarloid “and || | Eleanor Thorpe. 8 Mrs. Georgé Felch m:;ived word aturday forenoon, that her father, Harold and Anna Syverson were C. A. Madison, who Ilv ed at Snnluy, at John Hoff ‘did not run his huller ani dlz“fih:d ?::1 on Monday and Thursday on gccount fhoon ' to. attend thé of high wind. He hulled clover for was held at 10 o'clock Tuesdsy morn- [} ing, August 22. ° Chlu!mr BllrfloldkS-m Desjardner e alail : and Herbert Schrek were callers at per.acre. L. Bredeson's alsike yield-}yp /' porch farm Friday “afternoon, .d. T)u mch e ml i ‘even and" a steady”al altural :implements continues. - Demand 'is and a reasonable activity prevails in many spe- <such as e!ectnnl apparatus, hmuehold ture. M« from temporary. fluctuations, mohey rates ve shown-no ¢hange during the last thi days d: easy. conditions prevail in' all séctions of the oney ‘market.i | Prime, commercial paper.rules at 4% per: cent. is only a véry small ount of paper moying and with a few exceptions, rates: somewhat 0st New York City banks have not boen active' purchasers. to: day without.any marked general trend, and there has been ‘na:notable change in the volume of loans on stocks and bonds as reported to the Fed- eral Reserve Board either by:the hanks of New York City or elsewhere. Renewal rate on August 15-was 3% per.cent. Time money ruled at 4 per cent for 90 dnyn and 4% per cent for four to six months. ‘The brokers’ selling rate ‘on primé 60 to ‘90 day bankers’ lcwmncel is 3:per cent, the rate being the same as thirty days ago: - The voluma 6f trans- actions is comparatively small—National Bank of Commeree, in New York, : 0 N S HOW TO KEEP YOUI MONEY AND MAKE IT £:% i EARN° MORE - “Every man who: has any money should make an . flnfltq'lble rule never to spend, lend nor invest qqdu pressure,” is the sound advice glven 1l;y Her- bert N. Casson, in Forbes Magazine. >There are sp many rogues, reluwu and. hcggns ;n - the. world, flnt 8 man with money must.consider himself a fort.: i He must not allow himself to be taken by assault. Be must always be on: gurd. He must protect Inm.ul! from the mongy-wnzers—f.he pnames : who hu by pennadmz other people out of their money. - 2 Always, when: you are asked " !or money, post- . pone your answer until the next day—there is a rule that would {zave served you many a .loss. There are so many persuasive people in the world, that it is hard for a man to keep what he The art of getting other people’s money has been developed to' a very high point, by plnaites and : governments as well as by rogues. Always, in the investment of your money, when a man says: “Now or Never”—tell him “Never.” - Once in & while you may lose a golden oppor- tunity by waiting’ till. tomorrow; ‘but.in.long run you will have more money and féwer hgreu Wben you are’ ‘minding your own’ aflmrs and phymg your own ‘game, be as quick ‘88 you can; but when. ynu are partmg with money or moperty, " “You may ™ te tha sivmn of = .whole year. Never buy, give, lend nor invest under pressure. ———— 'I'HE PAIK BOARD AND- MR. WHITE Jun how Mr: Wijte came to sell e twenty ‘thousand dollar.piece ‘of lake shore property to the Park Board for $5,200-is told in'a stoty related by )t:. ‘White on' nuthqr page of this paper. “Be that-as it'may; both Mr.' White and the Park Beard should be extended a vote of thanks by the mnmtmg this piece of real estate business. In ‘the trinsaétion, the city, through the Park Boird -becomes the owner of 436 feet of added lake front propetty, the value of which is far in excess of the cost of the entire eleven and one-half acres. 1 ¥ B. W. LAKI?“.'P-H-I Paulson, &7 i pMr..and Mu_Ge&Cmm shop Mr. and Mrs. Otis Wimer visited |ping-in Bemidii on Tuesday- . Harry. Yogt and family visited F. J.: Wright and family Tuesday. Ed. Bohlman and Lee Hiltz called om Fosston Wednesday{on Anmt Lnedtke, Jr., Monday eve- wh?;ed they had visited .their sister, }ning.. . Mrs: Beckstrom. Mirs! calléd - at - the Otis Thursdsy evening. Mrs. Wimer home Fred -~ and Jack Houseman, who. Jives} near Solway. Joe Wzllanber: was a Bemidji Aftinette Felch and son George | business: caller Thursday. “Mr: and l!rs‘ Aug. Luedtke Jr., tie Lester Wilcox and children |ford and Bertha Phibbs: and Miss returned. to Shevlin Saturday after- | Dorothy “Wright -spent Friday eve- 'ter a week’s visit. with herjning’at ithe county fair. » Mr..and_Mrs. Max Luebeck were . \|Sunday ‘dinner, Hr and Mrs. Otis Wimer mntnred | Mrs. Harey Vogt. - Luedtke, Clif- uuenu of Mr. and n '8 yemtge - Banks in finan- | e New- York:have' been buying: Call mioney hasifluctuated 2onkiderably from4iy citizens q( Bemidji and most highly commended for : at Maple Lake. Satur evening. Mrs. H. McHaffie of Grand Forks h ~ Arthur Anunsen left Thursday for 5 Where he will. :p@nd fl&c re- \'mun r of the summe: urday. her home threg weeks' and Mrs. O. G. Olson. at Minneapolis after Wednesday after an absence Mrs. - Packer visited her parents Joliet, IIL ter Leona and son-Charles return central’ Wisconsin. Frank Anderson . spent Sund with his family at Bemidji. Monday. <+ Bagley visitor Tuesday. at the J.-G. Bartholomew home. anpng.srm NUF SAID! -- mm. ask for e. Port. ‘Il ' Boat Leaves 12: 7. ACCOMO! ATES 80 PEOPLE Licensed Special Excursion Every Sum- day down river to Dam—- at 3:00 p. m. . -E.R. EVANS, Manager C. L. ISTED, Secretary-Treasurer BEMID)I LUMBER & FUEL GO0, OPPOSITE GREAT NORTHERN DEPOT "LETUS SUPPLY YOU WITH 'LUMBER - LATH - SHINGLES LIME - CEMENT - PLASTER _ PAPER—Roofing and Sheathing Saturday sfter- BRICK-—Common, Fire and Fancy iR Sash Doors and Mill Work. FULL LINE OF DRAIN TILE AND SEWER PIPE WHEN ll.L of course you have a doctor . and perhaps & trained e’ i These are imppriant, so is the medieingfi,;!nt. or rescn\bes. §§; t up t this dmg store an - will “be strong and help to make you we'l} again. P [P 3 CIty Drug Store I.ALllllTl & IRIO Mrs. H. K. Brown spent Sunday Mhus Eleanor Bryce and Irene|; Orr were Leonard visitors Saturday nd Mrs. M. O. Mossefirt’ and’ . family were visitors in* Posston Sat- “Mrs. M. B, Cort Ie!t Monday lor isit at the home of Mr. Rev. and Mrs. Packer arrived here three months. Mr. Packer has tour- ed several European countries, while Mr. and Mrs. A. Bryson and dsugh- Tuesday from a motor trip through the southern part of this state and || I G. Lee was a Shevlin visitor J.‘R. Holten of 'Shevlin was s Mr. and Mrs. S. K. Bartholombw and two children, of Deer River, ar- rived here Friday for a short ‘visit John Carter and wife of Pine Cen- ter went to°North Dakota Tuesday. l ; DDT VAN'S I i Picaic o ‘Excursion Parties. - For Rates Call 524 and " By United Press) Eveleth, ‘Aug. :23—Eveleth will Rev, and Mrs. Leeland are. enjoy- ing an outing at Itasca State Park. try to-import most of the A Mr. and Mrs. ‘Henry Norby and fnm:l&;etumed from Mahnomen Legion convention from * ~ Vi the headliner. of at Pranos and Phonographs Watches ed ay GOOD positions are lnndd out on “Silver Plates.” That is a very commen b.- lief, il But the man who gets his . has usually “made his own platter,” The jobs for the untrained are overcrowded, while the good: positions. are in need of business “trained help. Inquire of us today. No obligation, tonight for'a boxing” show ‘the lu:- gest ever staged on the iron range. Midget - Smith, Minneapolis- ban- tamweight and Stewart McLean, al- so of Minneapolis," are carded fot There .are about 5000 members of the Factory Repyesentative for position on a “silver platter”- Are Not Worth the Price of One xid Ifthe are the “big can and cheap l kind because th may mean bakmg fallures. : nn BY -un y The Wcrld’s Greatest Bakmg Powdor nent Co. ?F" .- Offfice Phone 232 Residence Phu;: l'l OE.D Efl 6 it Ma.nufacturers Aaq nts and Dealer in --#Champion “Emersch-Brontinghan’—line -of- Plowr Standard Mowers and Rakes-— “E.-B.” Traetors=— - “Geisser” Threshing Machines— Hydro Toron Auto Tires and Tubes Gasolime and Oils “BrooksBros. Double-Wall Silos. Nearest to being Frost-Proof of any Silo made. 204 Fourth St. & Minnesota Ave. . i BEMIDJL, MINN. ~WE ARE PRCUD TO, AN. | ~ NOUNCE THIE NEW, Krlspmest Loat A full 24 ounces of delicious fla.key white bread. Weigh it first, then taste it and CRISPY KRUST will be your household standard A NORTHERN BREAD CO BEMIDJI, MINN. ey Don'tféta ‘BIG CANGe‘p very low pmce mls- expensive—be- cause it-Wastes timeand money