Casper Daily Tribune Newspaper, April 29, 1923, Page 3

SUNDAY, APRIL 29, 1923. BABSON DISCUSSES FACTORS IN RISE AND FALL OF BOND ISSUES *~ Financial Expert Says That Prices Are Governed by Three Factors, Demand for Goods, Supply of Money and Psychology of Times. WELLESLEY HILLS, Mass. clined since last September until 27, they were back to the leve ors who have been somewhat will be particularly intereste by Roger W. Babson in which “Bond prices,” says Mr. Babson, | “are governed by a combination of three factors: the demand for goods, the supply of money, and the psy- chology of the times... The combina- | tion of these three set the price for money (the yield of bonds) which gov- erns the market value of the in- dividual security. “If we begin at the bottom we find low commodity prices, dull business and ttle demand for commercial money. Add the psychological factor of increased confidence on the part of the public and demand picks up, prices strengthen and manufacturers bestir themselves to take care of new business. As soon as these condi. tions, exist, buying starts in earnest. People alway like to buy in a rising | market. The more they buy the /| higher prices go and we head for a boom. All this buying takes more | money and the manufacturer requires added funds to take care of increased demand, “Funds that would otherwise be tn- vested in bonds are used in business, in fact, many bonds are sold to get the necessary cash to carry on oper- ations on the new scale. The banks meantime have a heavy demand for commercial ins and the bonds they bought with idle funds during dull times are sold. All this reduces the demand for investment bonds and in- creases the available supply of such issues. “As the boom goes too far, banks get over-extended and must call in joans. More bonds are sold and prices tumble. Concerns which are caught must Mquidate and forced sales mean sacrifice prices. Tho moment the public sees prices begin to weaken, demand disappears as quickly as it appears in a rising mai ket. Business slows up and funds dismayed by this turn of affairs din a statement issued today | ket and seek to invest these surplus April 27—Bonds have de- at the low point of March 1 of December, 1921. Invest- he explains the situation, begin to-accumulate both with the investor who saves more in dull times, than in boom times and the banks who now have a slackened demand for commercial loans. “Both turn again to the bond mar funds.Demand for bonds again pick up and prices begin to rise. As they go up the buying increases. A cer- tain speculative element, busy in the stock market during the boom turne | to bonds for a possible speculative | profit. Hi “The true investor,” concluded Mr. | Babson, “should not be upset by ese fluctuations but should buy for egular ineome rather than specu- lative profit. ‘The position of the market when the funds are available | should govern only the type of secur- | ity selected. If bond prices are high, | buy short time issues that funds may | be reinvested to advantage later on. | When bond prices are low, buy long | time issues that the relatively high | income available at that time may | be enjoyed as long as possible.” | or ee j ca | General business continues {ts side- wise movement. The index of tha Babsonchart shows activity at 3 per cent above normal. K. The same level | AUCTION. Don't forget the auction sale Tues- | days and Fridays at 2 p. m. We have| a nice lot of goods to sell next Tues: day We a'so will sell anything you S. Ash. Phone 1660. City Furniture) Co. (ee Mr. Bonar Law, the British pre- miler, has confessed that in his youth | he strove hard to learn shorthand and falled completely. shown at the Rialto theater today and Casper Sunday Morning wripune -Dwellers Frolic | ‘The general conception of Greenwich Village inhabitants is that they are a lot of studious, garret-dwelling artists, authors and actors. But here’s a glimpse of what the Playboys Pall will be like. Miss Nadya Ben-Dror (left) as a South American maiden, and Miss Peggy Martin, as King Tut's sister, ALICE BRADY IN CROOK DRAMA, AMOSING MILLIONS,” AT RIALTO Lives there a man with soul so dead who never has thrilled to the melodrama of a finely produced crook photoplay? Is there a picture lover in Casper who after seeing Alice Brady in “Missing Millions,” a new Paramount picture which will be Monday, will venture the opinion that crook films have no appeal? Not when such a star and such a picture are presented, we confidently predict. Here's some of the story: Mary Dawson, tho heroine, fs a crook and the daughter of a reformed burglar, Every time she makes a HIGHLAND PARK AND THE NEW COUNTRY CLUB Friday’s Daily Tribune announced the purchase of the new site for Casper’s Country Club, which is to be converted into one of the most beautiful show places in the Rocky Mountain region, with a golf course to cost $20,000, a new club house, tennis courts, ground for trap shooting, etc. This site lies just east of Highland Park. The main road to the new Country Club passes directly through Highland Park. Think what all this means to purchasers of lots in Highland Park. Every Lot in Highland Park Is An Ideal Building Site Present price of lots much less than their actual value and are being sold on easy terms, A $5,000 HOME GIVEN AWAY FREE CALL, WRITE OR TELEPHONE 103 Becklinger Bldg’. HARRY FREE, the Lot Man REALTOR PRESBYTERIANS PLAN BIG DRIVE. NEXT THURSDAY, Campaign for Building Funds Decided Upon By Committee. At the meeting of the f'nance com mittee of the First Presbyterian plans were formed for a canvas of all members and friends of the church, Thursday, May 10. All the men of the church will be requested to set | aside that day, and give thelr seryice| under one of the captains of the six! divi fons of the finance committee. | ans are: B. L. Scherck,| Fred Van Gordon, J. C. Ross, Chas | The cay however, her kind heart gets better of her. She gives back | loot. be it diamonds or bullion cubes. Jim Cantwell, double-crossing financier, becomes mixed up in Mary's affairs. § steals his wife's din is with the ald of her sweet- Boston Blackie, The same is arrested by mistake for an attack on Cantwell. Mary promises to return the diamond ff her father is released. Cantwell gets the dia- mond but sends Dawson to prison. In revenge Mary plans to steal the bullion cubes which England is send cantwell to save him from finan- in. trusting purser falls in | father, returning from the | love| with Mary, which permits her to impressions of the strong room ke: But This the| Mary and, all] permits a clean-up. gets the third degr gives away twenty-four tho! that remains in the dime savings| bi to her avaricious pals. She re- turns the gold—but what follows the picture reveals. David Powell ts leading man and] Frank Losee is seen s ntwell.| Others in the cast are Hatch, John B. Willlam B, kK, Cooper Cliffe, an, Beverly Travers and Herbert. Cooke, Phone 238 | now desires to hasten the c A. Fowler, Earl T, Patterson and D. M. Haines. A preparatory meeting for instruc: tion and orgahization will be held Wednesday evening, May 9, at the church, so that all may be ready for the start the morning of May 10 A considefable sum has a‘ready een subscribed and the committee nvas to It will greatly aid the “FOUNTAIN OF YOUTH? {9 FOUND BY SCIENCE European Discovery, Easily Used at Home, Restores Vigor Quicker Than Gland Operations. completion, Those who suffer from nerve weak ness and lack of vigor will be inter. ested in an European discovery wh restores full physical power quicke than gland operations. It ts a sim. in tablet form absolutely harmless and yet the m powerful invigorator known. Acting directly on important nerve centers, glands and blood produces amazing bene hours and gratifying ch vessels, hin a week. Physicians say it gives speedy satisfaction !n cases that defy all other treatment. Elderly people de ro it ‘sa real “fountain of youth Distributed under the do name “korex compound,” the disc s been tested thoroughly in 4 1 and the manufacturers hay a veritable flood of let aise and gratitude from revits men and women in every Patients past 60 testify that the com. pound quickly restored to them the vigor of the prime of life. Knowing that this news may seem “too good to be true,” the distributor invite any person needing the com ery r re pound to take a double-strength treatment, sufficient for ordinary cases, with the understanding that it costs ‘nothing if it falls. wish to try this guaranteed ‘ator, write in strict confide he Melton Laboratories, chusetts Bldg., Ka: may enclose name, without money postman $2 and posta In either case, if you r sults” after one week, the laboratories will immediately refund your money. ‘This offer is guaranteed by ample bank deposits, so nobody need hes! tate to accept it.—Advertisement. If you invig. EVANS OIL CORPORATION Is Your One Best Bet. NOTICE Office changed to 610 E. Second St., Phone 718. WM. E. PRATT Contractor and Builder PAGE THREE. A lady saved $8.25 on a day bed, another saved $11.25 on draperies and others are saving every day on theld purchases of furniture and rugs at am-Shie solic’tors if all prospective subserib ers will be ready to make their sub scriptions when the canyassers cal and for as large amounts as pos went The sun can play havoc with your house TS blistering heat will quickly end the pro- tection offered by paint that is not the best. And once the paint goes, decay and deterioration set in. It will pay you to protect your property with Patton’s Sun-Proof Paint. We can recommend it highly. It covers the surface with a hardy, moisture-proof film. Its un- usual elasticity enables it to cope with extreme heat and cold without blistering, cracking or peeling. It lasts indefinitely and covers an unusually large surface per gallon. Assure yourself real satisfaction by letting us provide you with Patton’s Sun-Proof Paint. We have it ready for your use. Also, paints, varnishes and enamels for any purpose you have in mind. Tell us what you want to paint and we will tell you what to use, See us to-day, The Casper Glass & Paint Co.’ 144 East Midwest Avenue Step in MEN’S CLOTHES IN THIS STORE Are marked on the basis of what they cost and not accord- ing to what they will bring: CAMPBELL-JOHNSON CO. HEAD-TO-FOOT CLOTHIERS Phone 1374 and look th y things over,