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mnupmiseulededfor-mntfidthnvfll ma Jada mmnmmmforlfi-nfiflhl’a- 211:0?” ‘ n 'W befonbutthatthenwm in ("at WOW mmqmungmnlu for than “W1“! Imam...“ M.WMHM_M “mmmmmmm Wham-handguns in _ mama-mm; mammummm-“V*mm “" I “mmmd-fnunm I mammminasmxhywh apereentofthetom mmher of Manhunt“: M "I MUM Slates. Month"? nhdnaddifionollllflllonhn- man”. “ovum”? ”lawannyâ€"rmdd ”Guatemalan-2mm. workers. This nines costs and in tum increases commodity PM! '"d an and of living The immigption hwlslargdytheuueoffllinshofl- Nthuptoarenxeuumynk- “l'be shorbge of labor is one of the worst features of the 1923 out- just getting but onto the right “Midget. mm: lost many an (heir year's Mine”. 1922 has witnessed a change from m in): figure: into that Ink "gum. but the amount of net profits will not be large when the books are finally balanood‘ We III-II “when an “In. mrlavulnly. an nlllug II bunk: lov- should In non of a luckily. me- oh. um. Ion. column“ m high Ital: “Manny condltlom ~houM continua “In" um very low. but the tummy “0". TIM-w In no quostlnn III“ III: II mm In about If: p" curricula an- In A slmflx w-ltion Tho All." their level: A year up. Peak-ml llcsorw [lulu Inky have nu- tnm now we dull pmhably find Hum" Mill! In Ihout 7‘ m «M “an averaging u shun Ibo wnn uI’ IMIr Mu.- nml .lrpo-II Ilahlllllu. Incl any «and Cathy. In an. le res-«u Unwind In ham 3‘ than my I» a runner rally {Mu-MI 40 gr «ml. II I- Inmlhul when min-rot 1m. and uflrullunlw mifonlxn «mm-m beam to put on duds «thinly should do better M’Mr ful.‘ II um In mm In mm" continual up .wcncl much of IM- gum back. For I”! an, “should average omwlnt 3::- inst-n1. loom-v". Ihic sold nymnls up than I. w ,9" jun pm“! A Ibo Inst: en which n (uni-Month u- nIrny of mo Mag Incl-atrial com-' Division 0f tram nu ha Will II Men, mu; mule In my omnl- mum": to m a "lulu-lg my salon. M "at In m9 96 per MM! me. until Ive-w told u- m cf Illa-é oompanw< mode a not part- an muted. During Ihe mm- profit. tulle only I per cent Junta! a- In your. Inmrnnen ml Imp Mule: «nae. In um. I» nmnlm- of four or 3 Incl: of funds for all ma- fll'lm which could slun- a pmfit wall)!“ Valium“. and Illls alsn Inn” at clown In 48 per 0M . Over MINI!) INK-term my. that is. capital or 52 per cent of the» industrial?" Prrmanent investment. Mort- and" pndudng «may I'u cunt-lune coming your. ad. During the boom. overhaul cut: “The a" group ht. mainly. not In! W to keep up with an alummwulhinduufld-l “new tuna-u. Today the do not hollow nun should hp hum slant a! num- has dropped Milwuumuy, m m m: Int-(c non Italy to normal. but mu have will follow up the uncut MM. not ban pwnlomuly m: I am much more annual to m long High-r vans. higher "My. more 23- :hlul nah than In the shorter Mm mu ulu emanationâ€"In fut; The motor {and In I hadn- to the natty cum “om of upon-e In out farmer but a comwutor tn Hm .I'H d M mm "to cum»: of Mr. Copper nood- Imw mull) not but-cu done Inland "C. but the muuml poul- “lnmd of wfld nations In IM'Uon of the metal is far bum than annually nub“. u» nongo‘ N ha» been for I long time. Coppers. ad. '1'»! balm has can but to earth. In no“ Indium. an ex- andvo pndudng «why in cm:- m dur- lm'e paved. They [.9 vi” and merry will. they luv yun. Then the Inn who stopped to men! small lab found him" night by the momentous rho III who: and chug" In general condi- “Does this mean that there will be no opportunities in 1923? Not a hit! There will be just no many chances to nuke money a; in any year you mt lived. It will be possible for you ‘to make as much during the: next twelve maths as in any year of your business llfe, but it will not be along the lines which made money in 1919 and 1920. nor in any other boom year. The profits in 1923 will come by giv- ing ottoutlon to details, by stopping the little looks, by saving hem and thou than new loboraavlnz inven-! Goal. Ind most 0! all. by dovnl‘mgl‘ now and more economical moon- of “dbudng goods. This was not at! all the sltnotlon during the boom! whtohnyfllegooththeother kl! he: to sell. There are one hun- dred and six million people in the United States end fifty per cent of them get their living from producing or distributing raw murals. It has‘ the. tar been impossible to reduce thei prices of finished consumers' goods to meet the cuts on raw materials. The pumlwsing power of these peo- ple in out of its natural proportion. “It is not entirely a matter (1' re- ducing wages, altho labor coats are a large factor. nor is it entirely a matter of lndficient management. No, the problem of high costs is not a problem of any one element; and readjustment can come in only me wayâ€"dmtic competition. All this will take further time. BY ~taxman"13.111330“ ' ”N (MnMMpml) - wan produners’ 1nd consum' goods. Wab‘lmmmm :bonds are sold and den!» 1 Mn- nnihmlenq. Thispointintheey- d. y.” not yet appeared. louver. history shown and knowing the le (an nah-s during wit! shank! work 'lower Today. the array late of '0! mm, the use of the money market is distinctly hvmfle to long-time bonds. There Is a point in the business cycle when Industry becomes so active um money In :5 ml estate mortgages lhmoul 0n United States Is between 6 and 7 per cent. The time is not far any when this ave-ruse will stand between 5 am! 6 per cent. 1" “Money condition ~houM continua mod. Them in no qumllnu that "no hub am- In I strung position. Tho Pom-ml lhsorw Banks why have {tr-town equal to Ihout 7‘ m em .uf their Mule uml arm-H Mums”. TM Iva-one mutm! in ham 3. and 40 "r mt. I! I- In». "ml when ‘fon-lgn countries twain (o nu on 3! have dandy mud. condo mm 0! Industry In just getting and; to go found. The indultml market will he ‘wouy' but than II“ I you may lune: that would do butter In ‘pedod. Thin menus that sooner or later "a skull work toward better prosperity. It I: ma that industrial stocks in much higher than I your I‘D Md an «Mnly not the hu- “The political aspect has (right- ened mmy stockholders. but it is en- tirely too early to 'bo worried. The thing to watch is fnmhmcntnl condi- tions. We are still in a rendjuatmcnt ,v “Everybody is worrying about the r political situation. -There is talk of , radical leglslation during the coming 1 year. Most of this is merely the echo ‘ from campaign speeches. It may be a noisy year.~ Both the Conserva~ tivee and Redieola have a veto pow-g er, but neither is strong enough to push through any extreme treasures of its own. The only kind of leads. lutlon that will really be enacted is that which will oppeal to members -of both groups. Already the Federal Reserve Board has issued a ruling. admitting a large amount of agri- cultural paper for mllscpunt in the Federal Reserve Banks. The Muscle Shoals problem will probably be set- tled, either by sale to Henry Ford lot by development on the part of the xovcmrnent itself The Soldier's Bo- nus will probably be muted, nltho no agreement as to the terms or means of raising the money has yet been made. It is improbable that there will be any increase In the amount of hardness taxes. I > bituminous coal “It! vim! . Th. in W is diminishing 0mm Ample “who: or Illuminati: and am being produeod. suggesting lower prices. The album! of this mum: “on llujnfllohctflut it will suit“ be to flu: advmtm of both miners and operators to close the mine- for I “190.1119 difficulties Which brot on the strike lad your have not been settled. Then is serious «finger of mother strike in the soft coal fields. -w- vr‘ - “II. VI“ M. the new“ of “at local will [We in second d- loudly PM of Ibo Amadeus Wu. Ir. mm. Dumb" U. at ”bury Cum-n, cl um Hm Hutton-l But. "all. Tho am one, man! vale Incl Ina-nanomoflho Flu-nun. am when at. club m trunk-l. Nrnlnnu But. hm man-Id high.“ tho mien who! math! 0"" am unla- as New, M»- {M Ilm my um Mn m .u m lien on u. Goldm- Dom Inflation. lacking forum! to no dam Baht- I‘m of charm. to m ammonia-um. fut-y, ‘ According to the latent {Mam-um i _ all bonus Inflation will In ml rmm Sud-afield on W "'9' °‘ “W; DR. GEO. F. 'mum uarr. 80a Harold Clash for your untrue-Noun um flu: «Into. ' WNAIY summon To m I gnu-Ina need. "at hen) Tel. Rn. MR Olin 0 PM or an American Legion old on...” am", 1mm "I”! Barter If in mm mm n 000 . movement to We alienation in ISN‘BI. Anddiamondsgliuertomlaterm ' Butmdancholyspadesour amaze " Andleavefllem buriedafter'figILI 3/ @Htgwg} 43 W4”! Weconnttlledcbuoflhepasingdays, Owgammbuqandom'gainwiflnl Owuwmmfieonethatoncewml Ever increasing, stays with us alwaysfl __ . mu ”Tn-mun- “Heaponmorewood, ‘ MaythegodaofjoyJappineQMmhfiI-y *gv mmbchm andsnmhinecomewlyandflndnmdthdrmj A Butletit‘whisfleuitwm mmiwwmmmNme We’ll keep our New Year You have been GOOD TO US -â€"- may Fate be GOOD TO YOU IN ALL THE YEARS TO COME! - Th. Old Fashioned M»: II will [M in second 43mm 5M“. Decanter U. l‘ “mu. Tho am one. mm! (run each fill-‘0} by "putting "t- tho m o! a. Amman we}. In Damon Gun. The war con-III.- Bertolin Son FIRST NATIONAL mt [#723] Weextendtoallourdn- care wishes for a Happy New Year Day. faith in us as merchants and as individual the thought of the confl- fullness in the New" You . filled to overflovim ' it be the beat you’ve May the tale; you'll tell of 1923 be better than any you have ever heard or told be- fore. New Years tales are of- ten told.