OCR Text |
Show THE SALT LAKE TRIBUNE, SUNDAY' MORNING APRIL, 16, 1922, vt r r- Sj'f o A MADE IN THE WEST y ft By Oden-lFoi- Works Company. a t JAMES W. SILVER, Manager Si 1 . Treasury Operations Re stored to Prewar Footing Within Recent Days. -- Manufacturers Of of World View Markets Mining Machinery Sugar Machinery Canning Machinery Cement Machinery Gathering at Genoa With Optimism. Economic Mine Can Beet Dumps BY STUART R. WEST. (Copyright, 1922. by Salt Lake Tribune ) NEW YORK. April IS. The paet week Steel Stacks w f .rl8a i "ce Iron Castings 'X. v" mfew post-w- 1 j Water Cates - and J- - Brass Castings Pipe Lines le - i V teelTankf will go down aa tho most important of the season so far In the financial mar , . kets. The outstanding Incident was the la moat nf United States war loans for.the. first. time that any of thim. mJS-save the Hs, hare sold lnce This was the they were brought out logical consequence of the treasurys an nTTtieement that th rate on Its new Issue of six months' certificates was to be Stb per bent, the lowest since September, 1917. These tw6' occurrences considered ss a land- - together were of great interest In. American finance. - They meant mark .the last step m the restoration of treasury operations to a prewar footing, the removal of the last trace of tho disadvantages under which the government was conducting Its borrowing during the war .. i .. wS - 1 .periods. ar Immediately following, and probably Influenced by the action of the treasury department, the Bank of England dropped its discount from 414 to 4 per cent. It , was the second reduction in two months - and brought the rate back to where It stood In July, 1914, tho month before tho great catastrophe. Investments Justified. ' t OGDEN UTAH I Sizes to in stock Bulletin, and Prices on Bequest h, i 'On both of tho water official recognition has thus been given of what has been plain for several month past In tht outside money markets, namely, that money conditions are back to a normal prewar basis. At the same time the Investment moveof a year ment of the last ent finds itself justified. aimed at nothing less than obliterating the vast shrinkage which the war brought In investment values through Tie In rates of money Interest. "It accordingly set as its goal the prices prevailing before the war, and great as has been the advance since June, 1921, this level has pot yet been exceeded:. In several other respects the week has been notable. The great economic gathering of all times is in session in Genoa, and, while it Is too early to anticipate th results, the markets of the world have shown their inclination toward an optl mlstlc view, The pr.ncipal reflection nai been In the foreign exchange movement, where sterling Is back to within a few cents of Its high of March 1, where Frehch exchange has passed ita previous top of the year, and where all the other continental , exchanges, Including even German marks, have joined In the upward tendency. - 1 s ' three-quarte- POTASH AND PERLMUTTER" DISCUSS THE BASEBALL BUSINESS rs This-movem- K ' "" By MONTAGUE GLASS - What I never could nee wag where I should ought to get exoited over the New York base bailers winning over the Chieagos when the New York pitcher comes from Duluth, the catcher from Cinfrom Baltimore cinnati, tha and the rest of the New York team from owner of the club while the California, is a clothing dealer from Indianapolis. ItS asking a baseball fan to take local pride In too many localities at once, Mawruss, especially when they raised tha price of seats from fifty cents to a dollar and a half," Abe Potash said to his partner, Morris Pertmutter. Then in that case people like yourself, which to my certain, knowledge ain't been to a baseball game in twenty-fiv- e years, saves just as much by not going home-runn- er - may be the pet name of the ball team, and some other lunatic yells his head off because he comes from Jacksonville, Florida, the home town -- of the opposing team which- is a New Jersey full paid up Capital corporation with of 5100,000 and is quoted bn the New asked." York curb market at (4 bid, "Then it is your idea that ball players come should ought to from the ettlea the home team plays In?" Morris said. "Well, tdnnls players hag got to oome from the countries they are supposed to represent, aint tt?" Abe retorted. How, for instance, could America claim the tennis championship of the world 4f the American tennis players was composed a Finlander and a Polak?" of a Jugo-Blo- "Thai wouldn't prove that American or whatever - b, Trade to Benefit. T'nfloubtedly, the two prime factors la this upward movement are the turn of trade in Europe's favor and the further balancing of indebtedness to America through the sale in this country f forlgn. bMiuls . and. .the extension of private loans by business men hers to But some credit European customers. must also be given to the efforts which the experts at Genoa are making to revise the relative value of the various currencies and fix a new standard for the international exchanges, upon which they can be stabilized. If this Is accomplished it wiH mean doing away with the most formidable obstacle that now stands In the way of trade revival. Then, too, the news from our own industrial centers has been important. There has been another series of quite sharp price advances In the steel trade, these advances being partly due to the desire of buyers to cover their require ments before a possible serious curtailment of steel output on account of the coal strike. In the oil trade, prices havs likewise turned upward, thus settling a question which has been the subject of much difference of opinion for the last four months. t -- k from the supreme pitch of excitement reached In October, 1919. Sod again in April, 1920, some of Its performances have been out of keeping. That it, they have been altogether extravagant, taking the view that wo are not in for any trade boom, hut tnese-l- for agraduai and Orderly return of business to a normal basis. By TrlbuneSpeclal Sport Service. NEW YORK. April 15. In the event that the Rice Memorial stadium la not ready for the running of the national track and field championships of the Amateur Athletic union early next fall, -- It. will still be possibla to slage the big premier athletic meet In the metropolitan and In fltitng style, too. territory, Th Newsi-Athletic club of Newark. N. J., which prom lees to bs one of the most powerful athletic organisations in futhe United States In tho ture, stands ready to take over the national meeting should the city of New York fail to complete the Rice stadium by next September. ' The ofTlwra of the Newark organisation, while not 'wishing New York any hard luck, should welcome such a turn of affairs as would dump the big A. A. U. meet on their hand They have a field for the games of proved worth park, in 'the suburbs of their moat successful national city. Here thomeet over staged in the championship east was run off In 1915. one of tbs few muis Weequahlo park nicipal fcthletio plants that are kept at a year In and etas Thof tiptop efficiency ntt. quarter-mil- e track on Newark's of tho best famed as field is Ope big. play hereabouts, and the seating arrangements are admirable and ample. nt Wee-quah- io NAMED JUSTICE Special to Tho Tribune. Off PEACE. POCATELLO, Ida , April 15. Andrew T. Marshall, pioneer resident Of Pocatello, was appointed as justice of the peace today by the county comntlssloners to fill the position left vacant by the recent death of John Tuppcr; Other for th position were T. Ot Smith, tv J, Bell and J. Is. Balder son. can-didat- ' 3- Ton might 1o shouting Attaboy to a player under the Impression still a member of the home team when you should ought to ho at him.' throwing a that he vu pop-bott- this year as you used to save by not going In any three years from 189 to 19J2, Inclusive," Morris FerlmuUer- - remarked, Say! Why should I trouble myself and waste the time also to go 4o see them rd of the newsbasebailers, when paper is filled with baseball already?" baseball Is the Abe protested. "Which only business I know of where the news- paper gives two pages ot free publicity for one inch of paid advertising.' Baseball is a game, not a business, Morris retorted. "Maybe it is," Abe agreed, 'Ibut when I read in the papers that the owners ot the Cincinnati club has swopped pitcher with tha owners of the Chicago club for two outfleldsra and a catcher, Mawruss. lt don't seem to me to be no more of a game than exchanging two lots in Brownsville for a 1915 Ford runabout and' a cold water flat on East 150th street, subject to all incumbrances except tha taxes of 1921 and any state of facts that an accurate survey would show." But ths way to enjoy baseball, Abe, Is not to redd about It In the papers but to go to see It played," Morris observed, Alight if you had the time it would Abe admitted; 't)ut then again, llawruss. If you went to see baseball without reading about K in ths papers you might be shouting Attaboy!' to a player under the Impression that he was still a member of Che homo team when you should ought to be throwing a at him because of his having been swapped to the opposing team the previous afternoon, y'understsnd? "Bay, for iny part, it takes all ths enjoyment out of the game for me to read about baseball politics," Morris said. "How is H going to make me get excited about th gam If I know that my hum team I a company incorporated under th law of the atat of Oklahoma and that a fellow by th name of Max who is one of the, biggest clothing manufacturer In 8t. Louis or eomewharca, has got eighty per cent of the stock and a Chicago saloon keeper by the name of Walsh owns t(ie rest? And then soma lunatics goes to work and throws at an umpire because bs decide against Immergllck A Walsh' doing business as ths Green Bucks b" pop-bott- le pop-bottl- es tennis players In la the best tennli players the world any more than Baby Ruth home runt Inst eea- knocking fatty-ninson for the New York basebailers proves that New York baseball players is the best home runners; because, Mawrus Baby Ruth was bom and raised In Baltimore, and whatever honor is coming to a city for raising a home runner, which I admit aint nothing for even a chamber of commerce to boast about, y'under-stanBaltimore ehould ought to get It and not New York." I think. Abe, you era taking it too particular about insisting that ball players should be like tennis players, which supposing ths worst comas to the worst and Babv Ruth was born and raised In New To Hr and git th other New York players, was NW Yorkers also, y'under-tanrs and suppose tha New York won tha championship of America, understand me, than aU It would mean to moat of tha people who really know about baseball would bs that ths attendance was an- average of 4,000 a tha aeries and Max (Flschmann, fame forDubtnaky, John J, McOraw. and Julius Flnklestain, doing business under s, the firm name of tha Hew York Inc., divided among them several thousand dollars." Morris Psrlmut-te- r declared, "but when tennis players born and raised In America wins tha championship of ths world, than thats something else again. Tennis players Is amateur and they win because they know th eyes of alt America Is on them and not because the eyes of Max Flschmann, Harris Dubln-skJohn J. McGraw) and Julius Flnkel-stei- n doing business aa ths Tennis club of America is on them. But baseball players is professionals, Abe, and they try to win because if they don't win, yundsrstand. Max Flschmann A Co. Is going to say; "Here! What are w paying you Btrohsohnelders for anyway I"beAb commented, "Naturally, cause th baseball business has grown to bs Ilk th garment business, Maw-rue- s. It the operators don't turn out ths goods, trad goes to th firm's competitors, which there Is lust as much competition In th baseball business ss in the clothing business, Mawruss. ' Taka towns Ilk New, York, and Chicago, wner ther are two baseball bual- e, d, -- d, base-belle- Base-bailer- Kfrin "" We Open the Store for Business at 10 oClock Daily We Close 12:30 to 1:30 p. m. for Employees' Lunch Our Business Day Closes at 6 p. m. Goamjrn U ' M!rau SflfflUAEl 6. 160 South MAIN St. Amazingly Patronized and Phenomenal ft? peeial to The Tribune. m -1 died last evening. Th funeral will held tomorrow afternoon from the Elks' temple, and . ths exercises win bs cop ducted by th Rev. Harry 8. Hamilton. Mr. Roche ts survived by his wife and , teq eons, Mr. Roche came to Pocatello He wad in 1914 from Corlnne, Utah. th secretary and vie president of thO,, intermountain Farmers Equity asaocia- -! tlon and recently bad been tha credit, man for th Idaho Furniture company,. Th Sons are Alan E, of Tremontoji, Utah; Francis V Walter L., Cecil JU, Merlin H., Edmund B Georg O., Kenneth B., Robert Dean and Arlow Wood-- ., row Rocbe. all of Pocatello. , ,,,, " ri Burglars Aire Again Active in Pocatello one-thi- Newark A. C. Would Like A. A. U, Championships with Jessie Green, and Caldwell won first In th dramatic), with Frances Steven John Black of Gifford, ths sola representative of th northern section of th state, won second in oratory, and John Special to The Tribune, Amsbury ot Twin Fails won second In the numorous division. POCATELLO, Idaho, April 15. Th Filer high school won tha atat chamHelen Coleman of Pocatello, in tho pionship In ths speaking contest at Idaho dramatic - section, made an excellent Fail last night, according to Norms n B? showing-- Gold medals were awarded to Adkison, who returned from acting as a th winners of first plso.. Judge at the contest. FORMER UTAHN DIES. Leslie Williamson of that school and ' won first and second in 9 per 1st te The Tribune. Saribet Waller And declamation contests rePOCATELLO, Idaho, April II. Alan B. . ' Kochs, who underwent an operation spectively. Blankfoot won first in ths humoroua Tuesday for gland trouble In ths neck. Filer High School Wins in Championship Contest oms-runn- Action Warranted. Regarding the Wall street markets, they have had, as is very well known, two leading impulses behind them since the first of the year. The first ha been the easing money situation, the second the favorable view taken of the business outlook. To the extent that the stock market since the middle of January has been discounting a 4 "per cent money market, a 2 per cent rats for government finan-- . clng, and renewal of the trade recovery which started last autumn, but was Inwinter, its action terrupted In the has certainly beenearly warranted. But the stags has now been reached where the danger lies of the discounting movement being earn- - too far. The investment side of the markets has been fully ss prominent this week as at any time before. But the trouble is that the speculative side has become more prominent. and there la a threat that the unusually strong background afforded by ne of the greatest, periods of investment activity of all time will be abused by the current speculation. If the market of the past week Is still some distance away nesses, and it Flschmann A Co. th proprietors of one baseball business, turns out a Uns of home runs on account of having a particularly good man workingfor them, Danowits Brothers, tha probaseball business, Srietore of thetoother show an attractive line got of double plays or pitchers, or els Flschmann h Co. would steal , away-ths- ir antir trad, excepting for th people which watch th baseball bulletins In front of the nearspaper offices; o Is condeadheads as and far them cerned, a baseball business makes- - just so much money out of them Scbnorrera as a jeweler does out of the people what look at ths windows.- At that, Aba w Americans are the best baseball player In th world," Mor-declared, Oh. wa are a nation of athalete all right, Mawruss," Ab agreed. "We are also th best tennis players, th belt prise fighters and the best football play-er- a and playing all them games by power of attorney, so to apeak. Is what gives m such a wonderful figure. 1 am probably one of the most perfect American types of a 44 abort stout, a b L whioh means slightly bowlegged, if you aint as well acquainted with th language of the oio thing salesman as I ain t acquainted with the language of the baseball writer. Yes, Mawruss, its remarkable th amount f exercise tha American people takes by proxy. Sixty thousand New Foio Oround Yorkers go and watches nine Nsw Yorkers naturalized for one season only play .baseball, and If them nine naturalised. New Yorkers understand, then the 0,000 goes wins, horns feeling all heated up because us New Yorkers Is such first-clas- s, A Number On baseball players. It's th aara as If you would get a fine healthy glow from laying In bed with the quilt up to you neck and -- watrhtng somebody sis take an early morning los cold plung bath, yunderstand. "If youre "Say!" Morris prfotested, going to make such comparisons Ilk that, Abe, you'H get me to thinking that a baseball player deserves all be earns, which Is about as much as a supreme court judge earns and even a supreme court Judge dont deserve that much money neither," Welt, Mawruss," Ab concluded, MTd s whole lot sooner see ths home runner It, ss to see the feller who hire th get It and then go round with a big reputation for being great lover of sport, which, believe me, Mawruss, it aint difficult to love a sport If It smiles on you to tha extent of a hundred thousand dollars a season." (Copyright, 1922, by the Bell Syndicate, Inc.) POCATELLO, Ida., April 15. Three last .night, burglaries, wMch poaurred were reported to th police this morning. James Rice, living on East Fremont-stree- t, reported that during his absence last nlgbtJhl Jioma was entered and tha. house ransacked and clothing. Jeweliy and money taken- - Entrance was gained by removing a screen- - at ths back window. Tho Union pool hall on First North was burglarised during the night, entrance being effected by a pass key at the front door. . Five gallons of cider, 40 many cigars and other merchandise Is missing. Th Jackson- - Realty company - reported tha loss of a water heater and- gasoline stove from a vaoaht hotu on North I Garfield avenue. clg-aret-e, The sale takes new hold tomorrow morning, with fast and furious selling, saying thinking people thousands and thou- . sands of dollars! . Those countless hundreds who have been here AND BOUGHT ing to come back and BUT AGAIN. need no further urg- - 1 Complainants in Case Given Jail Sentences j i te The Tribune. POCATELLO. Idaho, April 15. The were turned on William Kelly and table La Lewis of McCammon by Justice E. G. Jfouds yesterday, when he sentenced Lewis to serve four months In ths county Jail for gambling and suspended a thlrty-da- y sentence against Kelly, These men were the complaining witnesses against Paul .and Floyd. Pries, charged with robbery, who wer found guilty, but tt was brought out in th oas that th four had been gambling. Special Those others. who have NOT been to this SALE are letting a, rare and wonderful ' opportunity GO into the ashes of regrettable LOSS and NEGLECT! . MAY WE SAY AGADM: PLEASE CABBY ALL YOUR PURCHASES WITH YOU THAT YOU POSSIBLY CAN end be to our faults a little blind to our virtues very kind. r We will make all promised deliveries just as soon as we possibly " we will not fail Jovu can and in this Very Gratefully and Truly UTAH DEFENSE LEAGUE ir Great Public MASS MEETING To be held in the y, HOTEL UTAH Tuesday, April, 18 At 8 ofClock To pas resolutions tho lies being spread broadcast against the state ot Utah. Chairman, John James. Purposo JL t AfflUflCI A P. S. We still have almost unbroken stocks of all the goodv things" first advertised in bin $50,000 Cut Loose. GET YOURS! - - ,.j |