The Bismarck Tribune Newspaper, December 31, 1926, Page 8

PAGE FOURTEEN NINETEEN \ THE EUCHARISTIC CONGRESS TWENTY-SIX THE POLAR FLIGHTS THE MIAMI HURRICANE WATCH PARTIES NOTED ANALYST SCANS U. S. BUSINESS ARE PLANNED PROSPECTS-PROSPERITY TO CARRY ON FOR TONIGHT Churches of City to Have Ap- pronriate Services in Wel- coming New Year Watch parties, custom of wal d the New Year in will be ved, form the most popular method of celebrating the arrival of Many of » where the old time the » plan- e nd, and these will be a number of watch parties in private homes of the city. The German Baptist church at the corner of Eigth and Rosser street announces a w which will begin a ing program will threshold of the } approached’ in a prayerful way. At the Evangelical Lutheran church the program will begin at 9 o'clock Friday evening with a program by the Sunday school. Rev. C. F. Strutz, the pastor, will preach a short sermon on “Fellowship” after which a consecration service, which will continue until after midning will be held. The pageant planned by the young people’s department has been postponed, At the McCabe Methodist Episco- pal church a religious wateh night service will be held from 11 until 12 o'clock. This will be preceded by a social hour from 10 to 11 o'clock when refreshments will be served b members of the Ladies Aid soci: The party will be in the church par- lors and the sei e in the church auditorium. The young people of the Presbyte- rian church will have a skating party which begins at 8 o'clock. On their return to the church parlors.gefi d. Rev. P: a short atch night servie has been arranged. The program to. be at the Baptist church Frida at the watch night service will include prayers, eports of the two P.U nizations for the past ye given and the will be reve tial and resh- ul S. in e ind a forecast of the coming | An exercise will be iven by the Junior B. Y. BP. U ev. Paul S. Wright will gi A summ y New Year will reports will be given f y and the W. » Ken yan Hughes will p ano solos, The annual port of the church clerk and treasurer will be given aft- er which the pastor Rev. C. A. Steph- ens, will make a summary of the re- orts and offer suggestions for the jew Year, A social hour with will precede the clos opens with a song, e i y Cross Have Taken,” to be followed by a.vocul solo liy Miss Esther Ja- cobsole The service will close with prayers. ‘The songs included in the program “Stand up for Jesus,” “Onward Christian Soldiers,” and “To the Harvest Fi i Elks Minstrels to ber refreshments ie serv Have Many Features, One of the features of the Elks Minstrels will be an act entitled “The Seven Ares” which is featured in one of the castern musical. revues. This act was sent on to Clint Draper, the director, only a few days ago and he immediately arranged with the ~Twin City Séenic company of Min- neapolis to paint a special setting for it sentation and they have prom- it to have the scenery here in time for the last rehearsal. One of the big hits of the show will be “The Dizzy Blondes,” a bur- Jesque on the classic and interpre- ve dances of the day. This will be presented by several prominent men who are practicing every even- ing in order to master the intricate steps necessary in. dances of this Bi, Epeciel settings and costumes ere used for this act. “At The Club,” which shows Sagi ir ay rene 26 ait principal performers, D. tbh '. Davies, J. C. Tayler , Emmet Griffin, F. W. Clint Draper. ‘The te soloists are Henry Halverson, reys, K. A. Preston and oi ard. Bob Simpson will as interlocutor in the big > geene. Q-LEO-LARIE! Mo.—Parma at last is nals, @ long pe! returned to ii Public| continue to su; Old Year|! lower, but if they 1) further the projects which hi BY LEONARD P. AYRES Noted Cleveland (0.) Banker Business Statistician General business, which was in the summer of 1924, improv til it reached prosperity le in ’ 1 we have enjoyed excep- tionally well sustained good times in 1926. “This period of unusi rood times has been largely based” upon active building construction, — very large automobile production, and con- asy and inexpensive credit. tput of iron has b and that of steel ha | record-breaking proportions. | grogate of the 1926 industrial prot | will be considerably higher than in jany previous Employment has been gencral, and wages high, The j total value of checks cashed or ered- | ited has hed new high records. iy ce, moreover, we have been, | prosperous without getting reckless. 8 been a prudent prosperity. The r reason probably is that the nmodity prices declining o ling Factor a controlling f ining commodity specul ing the building It has stimulated and slow Jun. | n very been of | Tt | majo: |. This in rest Costs of building may be somewhat eit will prot ably be due to reductions in material rather than to changes in wage rates, Automobile output will surely again | | \_E y of railroad transporta- tion has greatly aided industry and | business. \ If prosperity has been genuine and | generous during the past year, how ever, it hus been uneven. | 1 ar has been a disappointing | one he farmers, for the prices of | their most important crops have de- | clined, quality of some of the har-| vests has not been of the first class, and, notably in cotton, there has been overproduct The great cotton price drop was followed by early frosts and exess rainfal] in the middle wes values of autumn fruits d The textile industries h fi r, and conditions ter than fair for the companies making railroad — equip- ment. Employment Looks Good Employment promises to be good in 1927, and without either much in- voluntary idleness or real competi- tion for labor. It is not likely that there will appear serious conditions resulting from the extension of in- stallment selling. The general pros- re for a year of somewhat re- 1, but still generally prosperous business. It now seems as though the yolume building construction will be next year than it was rd P. Ayres, business anal, who writes for the Tribune and NEA Ser lew of 1926 lus-; tei nd_ commercial conditions and forecast for 1927. very large, and it would nui be ing if the total production for he year should be within 5 or 6 per cent of being as great as in 1926, Interest Rates Moderate Interest rates are moderate now, ir trend may. well be a declining one. If this hap- oed prices may be expected to Marked irregularity of price ments probably will develop on the stock exchange, but it does not seem at all likely that there will be a real bear market. The high 1926 steel production fig- ures are not likely to be exceeded, but the railroads will almost surely be prokperous and they probably will be better customers of the industry in 1927 than in 1926. It seems more likely that industrial profit margins will narrow somewhat than that they will continue to broad- en, but dividends probably will be. well maintained. The trend of commodity prices, both wholesale and retail, and of the cost of living, probably will con- tinue to be a slowly declining one. The volume of foreign loans prob- ably will again be very large. If most of these suggested devel- opments come to pass, 1927 will be a pretty good business even if it should turn out to somewhat slower than 1926, ‘LUNCHEON CLUBS PROVE OF VALUABLE ASSISTANCE IN CITY'S ADVANCEMENT Bismarck's three luncheon the Lions, have done much to cement of the city dur t 3 These clubs are organized for mutual helpfuln bers and are a | ew found behind ce in every way possible for the betterment of Bismarck and undertake many things on their own account which make the city a better place in which to live. Fach club meets once each week, when the members gather around the ‘luncheon table and, while enjoying each other's companionship for an hour, hear interesting and entertain- |ing programs of music, recitations, and talks, Speakers who appear be- jfore these clubs always have mes- | sages of special interest to the mem- | bers and the programs are as a rule | very educational. The Lions club meets each Mon- day noon, the Kiwanis meet at noon on Tuesdays, and the Rotarians have chosen Wednesdays for their noon- day meetings. All clubs meet at the Grand Pacific hotel, wi a special dining room is provided for their use. The Rotary Club “It is not the intention or aim of Rotary to sup it any other or- ganization, but rather support and re bee: placed under way for the betterment of civic conditions,” said B. K. Skeels, president of the Bismarck Rotary club, tod: “To that end, Rotary has continued to support the Association of Cor merce, the welfare work with tl youth of the city, Red Cross, and community welfaye work, during the year now sreving to aclose. In con- nection with the bays’ work, it w: our privilege to bring Dr. Charles A. Barker, a ir of national reputa- tion, to Bismarck for a serie talks to the men, women and he comme, will the: to re. to igs Baers rt these activities ee ge J a&Sblishing boys’ clubs among the youth of the county.” among their mem- |! eof ji The Kiwanis Club ry organization must have a uson for its existence,” said Dr, 0, Arnson, who has served as president of the Bismarck Kiwanis \club during 1926. “We all know what s are filled by vour various fra- jome are puri jly fi size social re- tionship, while others feature pro- tective and beneficial ideas. The Ser- vice Luncheon elubs differ in many respects from the fraternal orga ization inasmuch as their function is quite apart from social organizations, “The Kiwanis Club International has for its ideal the building of the community; in the local sense the building of a town and in the gen- eral sense the building of the country and the larger human relationship. Any ideal that is of interest or of value to the community is work for Kiwanis. Amy project which will advance the*interest of the commun- ity and increase the happiness of the citizenship is Kiwanis’ opportunity. ‘We build’ is our motto, and our building is both material and spirit- ual. ‘ “The Kiwanis club of Bismarck is now four years old and is entering upon the period of its existence when it will be able to render the most service to our communit; riod of org: foundation is is to promote better relationship tween the country and the city, to render aid in special projects wh ever possible, both by financial and moral support. The first concrete Sxample of the fostering of thi: tionship is in ming the sibility in connection with the juve- yg p clubs of Burleigh county. n of Kiwanis to usurp in any particular the projects, duties, aj ite activ. ities of the Assoelation of Commerce. not our function, Taeg™ St tie areata in jer organi ul loss they are purely \- ay movemeat which wil ments. In further the {i of the commun- and and build a Bismarck, the Kiwanis club starids THE DEFEAT OF DEMPSEY evry ready to cooperate with any and all organizations.” The Lions Club The following interesting sidelights upon a few of the various and mani- fold activities of the Bismarck Lions club during the past year were given by Dr. F. B. Strauss, president of the club during 1926 and re-elected to that office for 1927: ‘One of the most distressing prob- lems of our sociological structure is the care of the blind. Conditions for the welfare and betterment of hese unfortunate individuals are of concern to all serious minded people, and it is this problem which consti- tutes the major activity of the Lions International. A special committee has been appointed in each district to carry on this work. The organ- ization is actively promoting the education of the blind, and is issuing gazine with raised letters for enlightenment and entertain- The local club is doing its share in cooperating with the other clubs of the district in furthering this project. “Every city takes pride in its ap- pearance. The local club has taken e interest during the past year in beautifying this city urging the planting and maintenance of trees, shrubbery and lawns. Clean- up and’ Paint-up Week has become an annual institution and is carried out under the sponsorship of the Lions clul s for healthy outdoor en- t for the children of the city s in demand, Old-fash- have always been pop- ular with youngsters, and several of these have been promoted by the local club during the summer. | number of projects which are of vital interest to Bismarck, and in fact, to the state as a whole, are being considered by a committee for this purpose. This committee has been actively engaged throughout the year and will continue its work for the coming year in their consumma- tion. Among those mentioned were the setting aside of certain tracts of land in the Badlands as a national park in commemoration of our late president, Theodore Roosevelt. Steps are being taken to obtain congres- sional aid in securing adequate ap- propriations for the enlargement of our loeal Indian school, as well as in securing the rehabilitation of Fort Lincoln, for the purpose of utilizing it as‘ an aviation school, or as a terminal for the aviation mail ser- vice. The club is very much in- terested in promoting the construe- tion of a dam at Apple Creek, there- by creating an artificial lake, which will make possible a pleasure resort at the door of Bismarck, as well as a potential source of irrigation for many acres of our fertile bottom jands. Community Building Needed “The club is interested ip securing a municipal building for Bismarck, large enough to properly care for our annual corn show, automobile show and various other large community gatherings. The Lions are ready at any time to cooperate with the other clubs in making this a reality, “Another matter of local interest that is being pushed by the club is the systematic numbering of houses and the installation of appropriate street designations on every. corner throughout the city. With the co- operation of the city commissioners and others interested, it is hoped that this will be accomplished during the coming year, ¢ “The legislative committee wilh urge the passage of a law, this ses- sion, whiel not only to the automobilist, the pedestrian. The proposed measure will require compulsory liability in- surance for all car owners. The club is also in favor of a more concerted effort in enforcing the traffic regula- tions, with the object of reducing accidents.. The members of the cl will all cooperate with the offici: to the fullest extent in this con- nection, “The extension committee has been actively engaged in organising clubs throughout our district, A club at Minot was recently organised and will receive its charter on Jan. 11, at which time the Bismarck club will put on the ritual work. \ Social Activities “The club aided in ‘securing a lm- ber and caisson for the local ion post. It also contributed financially to a number of the urgent calls for aid in national catastrophes includ ing the call for funds to assist those who were victims of the Flor- ida disaster. The club members took an active part in distributing food, clothing and toys to the poor of Bis- marck during the Christmas season. “Besides ving service to the com- munity, the Lions find a amount of time to devote to social activities; a number of distinguished been ent by the club throughout the year and one month is set aside for ment’ of the ladies.” jot the aim or the function | n rf atresia ally, | ness in getti In 1920 we suffered a great decline the value of all sorts of commer- cial and indu: stocks of goods, but this liquidation did not extend to basic costs which had been greatly increased during the’ years o1 the war. In 1922 it looked as tl were es to reduce our bi and that in this reduction program transportation and fuel would lead the way. However, the settlement of the coal and railroad strikes on basis of the then existing scales wi forced by the grant of increased pay to common labor that had become scarce because of the effect of the then new immigration law. In view of what has happened since 1922, it was perhaps just as well that the readjustment of basic costs did not then take place, for since that time the nations of Europe have shown a somew! jing slow- i back to a producing basis that would make possible any serious competition with us. We have consequently been able to develop a period of great prosperity, even though our activities have been car- tied on under wartime costs. Causes of Our Premmerity The period of great prosperity ha: been based primarily upon our stoc! of gold that has made possible a huge supply of credit at extre moderate rates. It hat jo been su ported by good gov ent, an w Precedented rene boom, good crops fair prices, a large that have sold at export trade and industrial peace. Wt has been helped along by i réased purchasing power that has id from installment buyii the ‘placing of orders for “ requirements” only and good railroad service, both of which hav. ated in maintaining a steady ‘flow of goo It has furthermore been stimulat by comparative freedom from Europ- ean competition by the fact that each favorable development in con- nection with our economic activities has ‘helped to produce favorable developments in other lines. Three Ways Prosperity ena End Many people have recently talked of a possible business reverse and in this connection let us consider in what ways our present prosperity might be brcues to an end. First of all, we might experience a great period of inflation, followed by the collapse that always comes along be- hind. Second, we might be called wee to meet quite ruinous competi- tion from Central Europe. This would cut our export of goods to fore’ shores an tariff wall would + down selling prices in point. where industrial readjustments would be forced, Third, we might suffer from such domestic disturb- ances as crop failures or a long and wide-spread strike. This wou! our present evenly balanced luec- tion program, resulting, in business confusion that would spread to many lines. we Flood road bring pn be Portant change in our present m: of business life. ? inflation, we must recognize the fact that such a condition has been threat- hor both in 1926 and 1926. Never- we having a vai sefvative business lead withstood the temptation to embark upon an inflationary course. true that certain lines have have been fortunate in al we it} some poor conditions Inflation in connection with the danger of |; POSSIBILITIES FOR 1927 By George Woodruff Viee-chairman, The National Bank of the Republic of Chicago able to maintain our prosperity on a basis of very high production costs for a long time to come, but the fact that we are now the grestest creditor nation in the world makes the cost of production in our country a de- vlan 8 serious matter. The world must henceforth pay large sums of money to America every year and wild ee bore = but three ways— yy sending 5 goods or by ding stocks and bonds. We do not want more gol: d foreign coun- tries do not possess sufficient gold to send. Stocks end bonds will doubt- less come in large amounts but this cannot go on forever. Goods then must come our way and the force of competition will be felt by us in for- eign trade and here at home. Only through the tariff can we guide from our ports the goods that will do the greatest harm and in the things that will hit domestic output least. Domestic Disturbances We must realize that present favor- able conditions have been greatly helped by the ‘steady and regular manufacture and sale of goods or what is known as an even balance in industry. “A big ‘strike or crop failare or some euch outstanding adverse fac- tor would, of course, upset the pres- ent equilibrium of ‘trade, and the weak persorial credi¢-condition of the masae! tne people who have allow. ed themselves to get: into debt to a greater extent than ever before would result in a fairly seriously setback. We should recognize the fact that while installment buying has hel to bring prosperity about and that while its sudden curtailment would have a bad effect, it has greatly weak- ened the personal financial strength s of people and will problems of the next period of trial. Outlook For 1927 Realising that inflation does not at least now appear'te be # probable develo; crf cece ante recognizing. the fac while Euro- pean competition ia growing, it will, however, Pati is hit the br eye for some little time to come, and trust- ing to Providence that we will not ex- perience a major domestic ance, we may say with a cont degree of safety that 1927 should be ® prosperous year. Of course, it may not be quite so good as 1925 or 1926 but we can much less than we thave done in 1925 and 1926 and still be looked upon as the most prosper- ous and happiest. nation in the world. We are going to continue, to have fe have every reason to expect # continuance of gov- ernment. Our building boom is on the wane but on the other hand the change will doul be at a slower tate than some people seem to think. The soneok for sariculiars \o fale good ve levelo| in the South. Our ex trade iffer. some Dut the tetels wil still be very lar Industrial peace bids fair to Installment “buying will stil maintein ity ective part in sell- tarry rd | 8 1925 is given cred ear, | 1 be very lurge. ¢ime to come. “pee I “doubtless FRIDAY, DECEMBER 31, 1926 of incing there is appar- iaueee Feason for a depression year The somewhat popular slogan of the moment “Prosperity cannot go on forever,” if translated ‘into hesitation in going ahead with the normal busi- ness of the coming year, might lead to uneven production and mix up the cogs of the business machi evidence so far before tl should convince any fairly intelli- gent jury that this in is some- what out of ‘place, and that while there may be some waves ahead in the business sea, the tide still rolls in the right direction, CUPID FAILS 10 BQUAL LAST YEAR'S RECORD 129 Marriage Licenses Issued in Burleigh County During | Year Now Closing Although the number of marriage licenses issued in Burleigh county during 1926 has decreased by 31 as compared, with 1925, according to records in the office of County Judge 1. €. Davies, Dan Cupid hi very. active year and has sed his accomplishmen' 1 prosperity of for the record number of licenses issued that y when 160 couple: largest ni ber in the history of the county, were granted the documents. The number of licenses issued in \B h county, in 1926 is 129, the records show. This compares very favorably with the 114 licenses is- — in 1923 and the 105 licenses in February Leads February, rarely mentioned as a popular wedding month and with only 28 days to compete with the 30 and 31 of other months, came to the front this year with the largest number of licenses issued in any one month—16, June, which has achi @ reput: tion for many weddings, and Novem- ber, ran second high with 15 licen- ses each. September, another fash- ionable wedding month, failed to show. up so well this year, only nine | Production still is on en|~ h not quite so back. * Sound in one line number of sound, con-| as in ed from the path of prudence, and we | ii have seen examples of out seriously distu: trend and the the 1 general commodity gs 5 CEsy i ter mw mnmer ese: During the month of April only six licenses to marry were issued, the smallest number during any one month, g ch Comparative Figures =f The number of licenses issued dpr- ing each month of 1925, as well as the total for the same months of the three previous years, are shown in the following table: 1 1924 1925 1926 10 10 9 3 q 16 12 q January February March May June July August September October November December Total 10 q 7 10 4 4 4 4 18 16 114 8 8 2 8 10 1 7 10 10 15 13 M4 160 129 Bamboo is the latest material for making paper. Bamboo, long regard- ed as a weed in India, has become an important commercial product. 105 HOW STANDARD OIL CO. 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