Casper Daily Tribune Newspaper, May 22, 1923, Page 8

PAGE EIGHT “OHORT SELLING DANGEROUS” [3 WARNING OF ROGER W. BABSON tice, Saying That Millions Are Threatened Financial Expert Advises Speculators Against Prac- In Present Market. : WELLESLEY HILLS, Mass., May 18.—The recent bear raids in the stock market have led a large number of small speculators to believe that good stock market days are over. Popular fancy in this quarter is turning to short. selling. Since the technical position of the market is being under- mined by this move, Roger W. Babson’s warning against this Oe | practice issued today, 1s particularly PURE ASPIRIN “ST do not pretend to be able to fors- east the short swings .of the stock DISTURBS mar _Babeon, “but T do oped since the recent bear ralds— DIGESTION obably the largest in recent years | has reached a point where it is very dangerous. ‘This is largely due to the His Perfected Form Inchides a fact that speculators all over thi Digestant and a Laxative—It is have been carried away b3 ‘ling bearish propagenda anc Known as Tingle’s Laxe Aspirim have gone ‘short’ just as they buy stocks when surface conditi look | For years it ha: Pe eye Oe genoa pores benown to physicians and Inymen alike, that aspirin is a most power- and it is my guess that the Raltgincaties of pain, r of these speculators do not} However, aspirin alone, no mat- n n position that short er how pure, disturbs digestion |‘selling p in. land brings about discomfort. The | “Let us seo what happens. If you| fquestion therefore has gave your brol der to sell 100 arisen. was the loss of the shares of some ck short, he ac-| ‘orth the inevitable after-discom= | tuaty borrows Riatlonel fort? This caused people to re- | ‘UAlly - | frain from taking aspirin altho | °! his « et who owns It, | [they realised 1t would tnstantly | °F some other broker. H? relieve thetr suffering. 1 sells this borrowed stock for | In order to perfect aspirim nu. You put up the cash to guar lectentists. worked painstakingly | antes its present value c ; Yor years. pAb Bs dahil hess Cari At last the perfected aspirin | (cPosit to protect your broker, If} let 1s offered to the public, = | the stock happens to go up, you are Rablet that relieves pain. ana | Called on for more margin. If you doesn’t burden the stomach. It {s | can’t cover it, the broker buys the mot a narcotic nor habit-forming tock in at the market and returns Arug. It contains the pain com- | it to the original ner. You stand feating power of & grains of gen- | the joss. So far short selling pre vine aspirin fh with two prop. | 8ents only the dangers attending| fae erties added. & | Ordinary marginal buying—a few RS simple well- points {n the wrong direction and £83?) | Teigh? knewn digest- | you are wiped out. ak sr ey & wen- | “It must also be borne in mind, PMI fo, laxative ae- | however, that you borrowed the stock : horough scten. | #nd that you did not borrow it for any given tir The owner can call} on you at an time for {t and you! must return it. If your broker can| borrow some mc for you some-| where else, all right; but if he can't, tiflo treatment it's abecorbed easily TINGLE’S LAXO ASPIRIN ‘Ask Your Druggist forthe “Three | YOU must Buy the stock in the open Point Box.” Therapeutic Research | market and return it no matter how | Kaboratories, Washington, D, C. | high its nor how much cash AUDITORS Cc. H. REIMERTH Certified Public Accountant Income Tax Service CONTRACTOR AND } BUILDER W. W. SPROUL Contractor and Bu Ider 401 0-8 Blas. Phone 761| 141 W. ‘Yenth Phone 376 HARRY F. COMFORT Accounting | | DOCTORS ite 18, Daly Bldg. DR 3, aon 5. VAN DENBSRG hy and Surgeon Ganites yan Accountants Phone 1219. Residence 2118. income ‘Tax Service ‘x Campbell Hardware Over Cynone 148 GUARANTEE REGISTRY CORP. THE CASPER PRIVATE | HOSPITAL 938 South Du yomen’s and Stock 542 Auditors and Accountants —Sto Registrar and Transfer Agents sin - Bldg. Phone 660) RGERY, 208-11 Oil Exchange Bldg. be ER rt longer Et. Lath ARCHITECTS Victor R. Dawe EYE, E DUBOIS & GOODRICH, Block Architects | 4 | Rooms 11 Townsend Block | Casper, Wyo. Phone 440] WM. 3. W FALL, Architect Suite 5, Daly Building MILLER, Architect | - ie Phone 1906 208 0-8 I ©, A. RAINWATER, Architect men ted i alty Bldg. Basement Consolid 2 ‘Telephone AUTO PAINTING | D. 8. h Buildin, 13 pnd Str . Telephone 54 and i es Banter DR. W. W. YATE Camper Auto Tep Nog DRiceds Practice Limited to Kye, Nose ) Painting Especiall and Throat | Auto Painting Especially ; nna the Fitting of ¢ asses | z R [Suite 2 112 E. Second GE and TRANSFE! 7 | BAGGA ———| DRS. MYERS AND BRYANT | °§ TRANSFER —- | Physicians and Sur s AnD is *hys iurgeon: ae BpmAr Office Phone 313/200 0-S Bldg. Office Ph. 690 Res. 746 - rm . DR ‘SHOR@T ol nsier, ; | Retrone. Biederman Hing toy ee ; ss Ear, Nose and Throat | BATTERIES 1 Suite 304 O-S Bldg. ravi Ss: GC KEITH, oD. | GASrER BAT ». HARVEY, M. D. 508 EF. Yellowstone one 907 uth Center—Phone 30 | . 1 ech At REIT See F Hospital, 612 South Durbin CHIROPRACTORS Practice Surgery Obstretrics SINCLAIR — 1 GABRIEL ‘ LAWYERS ner Chiropractor | - vest (sictel, Hos Phone 15403 AMBROSE HEMINGWAY mene —— Lawyer DR. JEFFREY _., | Room 221 2 i pr. aggAy oHAHAM JEFFREY cate Midwest Building fulte 318 Midwest Bldg. Phone 708 NICHOLS & STIRRET? wh? Lawyers | DR. G. HAHN, 109-10. of | as: 3G aa 8090-10-11 Oll Exchange Bldg. Townsend Bldg. Phone 423 ji JAMES P, KEM rade 08 Consolidated Royalty Bldg. | North Kimball St. HAGENS & MUBANE yl Phove 1457 “| awyers — oe yeaa 206-207 Exe D1. E. BERQUIST oT Oll_Exchange Building | Phone 1757 WILLIAM 0. WLLSON Zuttermeister Bldg TT Attorney-at-Law N. GROV 14-15-16 Townsend Bilag. VINCENT MULVANEY y-at-Law Building OGILBEE & AD. Sulte Palmer School Dr. € Osteopathic I. ARNOLDUS _ and Chiropractic is Phone 2217} Physician 210 0-8 Building 810 O-S Building Phone 1754 - — ear sce Sac ODISTS i OSTEOPATHS £ CHIROP« DR. CAROLINE 6. DAVIS ~ CORINNE ails Fhyeleiag C. A. SAN D pathic Physician Phone 1038 SHOE REPAIRING AND COKE CO. Gebo Coal ~ ~ Phone NORTH CASPER SHOE on All Work CLEANERS Ben Suyematsu - TA!LORS \ THE SERVICE CLEANERS ee ee vith ‘ Railroad at Jackson TROY TAILORS AND ANERS Phone 68 M8 E. Midwest Phone 568W ‘BARNEY GOOGLE--Bamey’s Not So ‘‘Keen on the Scent” So You FinaLXY GoT To CHICAGO Che Casper Daily Cribune AFTER ALL s WHAT MOTEL ARE FLOPPING i? AND ARE You GOING Oo INTRODUCE THAT “SPARK PLUG” OF YouRS To Tue HAWTHORNE TRACK ? Youve Gor The Toulw GONG CRAZY wor So Fast, Mae < I GOTTA Lar low FoR A FEW DAYs-, 7 WALT PROMISE NOT TO ASK ANY MORE QUESTIONS i IF YD TELL HIM WHERE I'D KNOWN | a MME,OCTAVE. | TOLD 4IM 30 FEET K you have to protect your margins. Moreover, if these 100 shares pay a dividend which you are short of, then you must also pay that | “Multiply your own short position by several thousand and the ¢ danger of the practice is ap oon 1 number of that » Prices two or three points and a few of the shorts cannot put up the ‘The short interest is very than th ares d margins. Brokers go into the m ‘et to buy the stock, to r turn it. The demand raises prices bit, then there are more shorts that) | are forcetl to cover. The market | j strengthens and brokers rush in to| get the securities they must return—| behold, there are no more for sale.| Prices skyrocket and the speculators who were short are wiped out It is interesting to note here that there is} no Iimit to your losses on a short sale. If you buy a stock you cannot possibly lose more than 50 points, but if you sell it short at 5| it may go to 100 or 500 or even to 1,000 and you must cover and stand the loss. “The short interests, for instance, were caught in Stutz in April, 1920.) The stock had been selling betwee 100 and 145. The moment the short sales exceeded the floating or avail-| over, tundamental conditions do not! : able supply prices started: to climb) indicate that business has gone to Indians Assert and went to 724. a4 N. Re sce pot. Business {is still good. Condi Exchange then stepped in but the) tions are against the short sellers | short Interest had to settle at the! and thelr chances to win dwindle «| LI@ependence In a share. The same stock} ¢ short interest grows. | today | In fact general business, as re-| Ul M ently the corner in Piggly| fected in the Babsonchart, 1s still Ca For eet illustrated once more the weak: position of the specu! This stock had extreme who is short. been trading between 40 and 64. The| majority of the short interest prob: ably sold it around 60. When the stock was called for there was none > be had. Prices soared and it was taken off the exchange. Settlement was finally made at the rate of $100 as These spectacular cases {Illustrate} our point but do not represent the great losses resulting from shert sell ing. Millions of dollars are endan-| gered today on the short side of the| present market, a growing accumu lation that gets shakler as it piles higher. A rise of threo to five poin | would start the drive that would prac Ucally wipe this interest out. More MRS, HICKEY SO WEAK COULD HARDLY STAND Tells How Lydia E. Pink- ham’sVegetable Compound Restored Her Health Worcester, Mass. — ‘‘T had some trouble caused by a female weakness and got so run- down and weak from it that I could hardly stand or walk across the floor. The doctor gave me all kinds | of pills, but noth- | ing helped me. I happened to meet a friend who had taken Lydia E. / \Pinkham’s Vege- | table Compound, 80 I thought I would try it. After tak- ing it a week I began to improve,and | now I feel fine and am doing all of my housework, including washing, sew- | ing and house cleaning. I have recom- mended your medicine to my friends, | and I am willing for you to use thi: letter as a testimonial,as I would like to help any one suffering the, way I did from such a weakness.’’—Mrs, | Dewia Hickey, 4 8. Ludlow S&t., Worcester, Mass. aydia E. Pi 's Private Text- Book upon ‘* Ailments Peculiar to Women”? will be sent you f request. Write to The Lydi ham Medicine Co., Lynn, book contdins valuable information. kh \ m i HELLO, PHYLUS . YOU LOOK NICE TODAN IN YOUR NEW HAT. THIS ISNT NEW, WALT. YOUVE SEEN THIS A DOZEN WHeTS IN LINE FoR A JOB “WANTED, AT ONCE Tae loBBy BoY- | AMBASSADOR HOTEL HM LAINT A JAP. BoT MEBBE ! CAN SWING (tT! Get OnE! ———___. above normal by 4 per sent,” con-| cluded’ Mr. Babson, “and will. doubt- less continue into 1924. There is! nothing in one fundamental situation | to indicaté that the stock market has} reached {ts top. Short selling at est is dangerous—short selling against fundamental conditions is apt be cidal, > | MONTREAL, May 22.—A call was sent out to all the Indians of the Six Nations throughout the Amer!- an continent to send delegates to a| conference for the consideration of| measures to defend what Chief} Dominic Two Axe describes as “the inaleniable right of the Indians to mind their own business without out- side interference.” The principal question for discus- | Day td Many women are sponsible positions in ice in Holland now filling re: the civil serv- ms ae | at the M . former field marshall, f defense. The picture shows | mets and ex-royalty itz, Germany ix left Prince Eitel Friederich he ex-prince's passing in reyiew, were In Van is . surviving members of ¢ 1 AINT & TAP, ME FRANK, BoT| THOUGHT MAYBE You Coup USE Me TLL You Go! (Fe sion at the conference, which is to} be held at Onondaga reseration, New| York, June 1, 2 and 3, will be con- cerning moneys which the Indians; claim is owed them by the United! States government. Chief Dominic Two Axe, of the Caughnawaga reservation, explaining his attitude said that by former treaties the American government was obliged to pay to the Indians in New York state certain sums annu-| ally for the use of the land they had taken from the Indians. This had fallen into arrears and a lot of money} was due. The American authorities, he said,| were trying to give them this money in the form of schools and hospitals! but “that was no good," Chief Two Axe said. “We don’t want your schools and your hospitals,” he said. Im WORKING , MY PATAMAS! €L UKE IN Casperites’ Father Beach, Cal., Monday morning. Mr. King and Mrs. Rafferty A Beautiful Complexion “We don’t want your butting In our business at all. We want our inalienable right to mind our own business and to be left alone to do it. This is our country. AHEUMATISM FOR YEAR ‘LEFT HIM HELPLESS AND UNABLE TO WORK--GURED James H. Allen’s Own Story Mr. James H. Allen suffered for! years with rheumatism. Many times this terrible disease left him helpless and unable to work, He finally decided, after years of ceaseless study, that no one can be frees from rehumatism until the accu- mulated impurities, commonly, called urle acid deposits, were dissolved in the joints and muscles and expelled from the body. ‘With this idea in mind he consulted physicians, made experiments and finally compounded a prescription | that quickly and completely banist» ed every sign and symptom of rheu- matism from his system, | He freely gave his discovery others who took it, with what might be called marvelous success, After years of urging he decided to let suf: ferers everywhere know about his discovery through the newspaper: He has therefore instructed dru: gists everywhere to dispense ALLE RHU with the understanding that he will freely return the purchase| méney on the first pint bottle to all to who state they recetved no henefit. Smith & Turner Drug Co, will sup:| ply you, Mail orders accepted.—Ad- yertisement, '& Admiration | Ladies—A few days’ treatment with CARTER’S LITTLE LIVER PILLS will do more to clean up the skin than all | the beauty treat- ments in crea- ation. An perfect com- plexion is caused sluggish liver, Millions of people, old. young ie, Biliousness, take them Bipot aed itchy Sein Small Pill—s: Dose—Small Price for €' end the Dies in Long Beach Word has just been received here of the death of George King in Long The deceased is the father of W. J. King and Mrs. H. J. Rafferty of Casper. have WALT IS BURNING UP WITH COoRIOSITY— HE DOESN'T KNOW MME. OCTAVE AND! WERE IN HOSPITAL ERVICE TOGETHER iN) FRANCE ! Haf2oLd WANTS US To SEND OUT His CoTHES- HE ts SToPP THe AM Hoty cats = Thers THe FINEST ON ; TH’ COAST. ING AT | Bassaboe! been in Long Beach for the past sim weeks having been called there by their father’s illness. ————__ Mrs. Elzabeth Barnard, postmts tress of Tampa, Fla., and the highest sa'aried woman in the United States postal service, began her career as a stenographer. NOTICE Dectors Keith and Har- vey have moved their of- fices to rooms in the Kim- ball Block over Wray’s Cafe. Phone 30. ye MR. DODGE OWNER AI We have complete stock of parts and testing equipment for taking care of your electrical system. Casper Battery Co. Authorized North East Service Station Phone 907 508 E. Yellowstone Highway American Legion Auxiliary DANCE BENEFIT DISABLED VETERANS. Government Hospital at Sheridan, Wyo. ARKEON, MAY 23, 1923 Admission 25c No, No, No. TRAIN SCHEDULES Chicago & Northwestern ‘Westbound Arrives Departs No, 603 we wnn—nnnnnwnn--=2:40 DP. Mm. 3:00 p.m. Eastho Arrives Departs No, 606 ----_____________ 840 p, m. 3:55 p. m. 3 Chicago, Burlington & Quincy Eastbound Arrives Departs No. 81 10.25 p. m bi m. 0 a. 0 Dp. m. 8:35 p. m. — re nn REE, ~ on a ee AEE ms,