The Bismarck Tribune Newspaper, October 9, 1920, Page 8

PAGE FIGH1 RISMARCK DAILY TRIBUNE SATURDAY, OCTOBER 9, 1920 ‘DECLINE IN WHEAT PRICES ASSIGNED TO CANADIAN IMPORTS Million Bushels Bought Here . Since Lifting of Ban, Millers Estimate EXCHANGE MAKES 20 PCT. Return to Normal Rate Seen if Grdin Movement Over Border Continues (Minneapolis, Oct. 9.—Canadian wheat, coming into ‘Minneapolis by hundreds of thousands of bushels, has played an important part in lowering quotations on the Amreican market and is exerting powerful influence to equalize exchange rates, grain men and ‘bankers here said today. Millers today estimated that puv- chases of Canadian grain by Minne- more than 1,000,000 is, while dispatches said the mi n the Chi- cago territory there have absorbed in excess of 400,000 bushels of do- minion grain since the lifiing of Canadian export restrictions, Licen- sing regwintions ‘restricting ‘the movement of wheat and flour across the border were removed Aug. 31, and Minneapolis grain men were ftor- mally notified of the lifting of regula- tions in a bulletion Canadian commissioner Sept. 2. Canadian flour also has figured in large deals made by mills here and at points farther east. of customs Drops 48 Cents in Three Weeks. In a dectine covering three weeks, December wheat fel 48 cents in the Minneapolis market to an extrene low of $1.94 yesterday. Chamber of Commerce records show. Included in the decline was a 174% from a Saturday close of $2.11% to yesterday's low. December wheat rallied today, Af- ter touching $1.95 as an early low, the price advanced rapidly ta $2.038%. Meanwhile, arivals of new crop wheat in increasing volume from both this issued by the; cents drop) country and ‘Canada reduced the premium paid for cash over future wheat by about 10 cents. Premiums paid for cash wheat today ranged from 10 cents ta 20 cents ove: the December future price, whereas thre: weeks ago premiums of 15 to 39 cents were being paid for spot grain. With American dotlars at a 10 per cent premium in Canada, and the Ca- nadian dollars worth but $0 cents in Minneapolis, grainmen today lodked on the purchase of Canadian wheat as a profitable transaction. The ex- change rate, they said, means tb’ the ‘American grainman a virtual premium of 20 cents on every bushel he buys across the border. The importation of Canadian grain in large quantities is bound to have a marked effect on the exchange rate, however, and if the movement ‘becomes large enough. it will terid to restore the relative of american and Canadian currency to normal, Roy. A Young, governor of the Federal Reserve bank said today. apolis dealers already amount to —— FALL AND WIN- TER SUIT AND OVERCOAT from $32.50 to - $100.00 FRANK KRALL All wool and good fit; Guar- anteed, or money back. | relieved in © 24 HOURS nee) A) S rmrare of counterfei' And Still They Come ——TO SEE—— ‘SHORE ACRES’ The powerful American drama_that has dominated the theatre continually for nearly 30 years Starring the Screens Newest Dramatic Prodigy ALICE LAKE Ask the hundreds that saw it Thursday night and last night how they liked “SHORE ACRES” ORPHEUM THEATRE a + T 7:15 AND 9:15 AUDITORIUM SATURDAY, OCTOBER 16, AT 8:15 Minneapolis Symphony Orchestra EMIL OBERHOFFER, Conductor Only Appearance this Season Orchestra of Seventy America’s Leading : Symphony Artists Soloist: FLORENCE MACBETH, Soprano Prima Donna of the Chicago Opera Company , Emil Oberhoffer and the Minneapolis Symphony Orchestra have appeared in every important city of this country; from Boston and New York to Los Angeles, San Francisco and Seattle, and from Winnipeg to New Orleans. Supported by an annual guarantee fund of $125,000, subscribed by the citizens of Minneapolis, this Orchestra and conductor are acknowledged by the press to be without a superior. Under the auspices of The Bismarck Thurs- day Musical Club Tickets: $2.20, Including War Tax PSaaiss: “The movement of pro‘ucts is what adjusts exchange rates,” he said. Border-Movement Unrestricted The movement of Canadian grain, up to the end of August, was under the control of the Dominion grain commission, created unuer an order in council and compused of repres atives of the grain trade, the and the public, Amercian grain con- trol, howev: under the grain cor- poration, ended, however, under the grain corporation, ended May 81, so that, when Canadian regulations were lifted Aug. 31, the movement back and forth across the border was unre- stricted. The only control exercised by the United States ag to grain trade over the border, ‘millers here said, was the potentiai power of the grain corporation tu put on an em- bargo in case it saw. fit. Rail Situation a Factor, The exact amount of Canadian wheat coming into the Minnzapolis matket cannot be accurately deter- mined, grain men said, although they were convinced that 1,600,000 bushels is a conservative estimate of the pur- chases made by dealers here. Large quantities of the grain are coming oy boat across Lake Superior from Port Arthur and Fort William, they said, o be‘landed at Duluth and then sent by rail to Minenapolis. Difficulty of ovtaining cars ‘from cuian roads for shipment across the border is an important factor in the export of Canada’s wheat to the united States, they said, most of the domin‘on lines declining to load for deliveries across the international boundary. The Zanadian, Pacific, through ag-eement with the Soo line, is the only road permitting a large all rail grain move ment from Canada to the American terminals, they said. Forces Price, Down in U. S, That the... movement of » Canadian grein; hag) hadi«much to do :with the decline in wheat on the American market within the last few days was the opinion expresséd by Fred B. Wells, as well as by other Minneapolis grain men, “The beginning of the movement of Canadian grain has made liquid the grain crop of the entire continent,” he said. “If Canada has, as is esti- mated from 240,000,099 to 250,090,000 bushels of wheat, it means that it has 200,000,000 bushels for. export. That is bound to haveiits effect. “Purchase of Canadian whgat is at- tractive to the American market now for not only can the American grain- man buy at an advantage of practi- cally 20 cents a bushel, due to the changed situation, but we are being told that Canadian wheat is of better milling auality this year.” (it is the coming of this Canadian wheat in increasing quantities which grainmen betieve partly ~ responsible for the sharp declines in wheat, in the last few days. Falling 7% points to -$2.11% last Friday, Deceniber wheat again went down Monday to{ $2.02, On the samgiday, March op- tions went under thar $2 mark for ‘the first time since the resumption of trading, and sold. as’ low as $1.99%4. PICTURE BOARD IN STATE | PLAN OF CLUB. WOMEN LIALETUAUCRAETETAOEETOTEUGONUHSAORUGOETOAOENOUUOGGENOEOTOGEUEGGOEOOGEANAOOSOUAEOEGGOORAGAREOGOUOANOLOANOHOROEOOEOGOOAOASOOOGOOOUAOUOOOEOOOAOOUOOOUOEOONAGEUOUGERAUGAEEOGOOEUOREUEUOOEROUUEEOAALEEOPOOOEEEUOLUE (Continued from ‘Page One) State university Vernon Purinton Noted Speakers Intensely interesting and enthusiz tically received was the noted 1 turer and specialist in civic better- ment, tho Reverend Cafoline Bart- lett Crane, of Kalamazoo, Michigan. Added to the interest attendant dipon the message Dr. Crane brought to her. special lines of-endeavor, was the keen local interest.in her hapny niet sages from Mrs. Minnie C:ark Buda- long. and her talented daughter,’ the Reverend Julia Budlong; th2 latter yow the minister of the church in Kalamazoo, Michigan of which Dr, Crane was herself pastor for twelve years. ‘Dr. Crane reports Mrs. Bud- long and “Julia” as she is lovingly known to the North Dakota people, installed cosily in théir new home, with (Mrs. Budlong also in a library Position in the city. Bringing aid for the needs of North Dakota, came two most zealous, effi cient, and delightfully p easing women. from (Minnearolis: Miss Henrietta J. Lund as a Red Cross worker, who had every thing encour- aging and practical to offer in sus- | gestion and’ plan. » Miss Bertha Clark, who in addition to her Y. W. C. A. work, is an in- structor, in-the School of American- ization of the University of Minne- sota, gripped the intense interest of her audience from her first state- ment to the close. One steady flow of useful, workable, sane plas of ap- Proach to our foreign born peoples. Understand,slearn to appreciate what they: are bringing: us, those ‘strange and numerously talented people whom we so condencendingly decide to “Americanize If Miss Clark has written a ‘book on “How to immi- grantize the American” club women would do well to use it as a text book in citizenship. She urges sympathy for the point of view of the foreigner. Citing instances of the marked suc cess of Father Thadeu of Sioux City among his Parishioners be- cause he loves them and has their point of view, she urged that we come to them with the request once in a while that-they teach us something they know. One of her best sugges- tions was that some pages be writ- ten or type written,. if nothing bet- ter, telling in simple English some great’and splendid thing the history of a nation, such as the great ‘Chinese wall, or the Trans-Siberian railroad in dealing with Chinese or the Rus-| sian, and trying to induce them t like the learnigg of our English. She promises immediate ani ready re sponse, where sneeving and fault find- ing of a less. fortunate’ nation than ours is in consideration, Going on to the department of music, we had in our ci as the guest. of Mrs, E. H. L. Vesperman, the noted chairman cf the music de- partment of the general federation, Mrs. Marx Oberndorfer of Chicago. Mrs. Oberndorfer’s address was one of great interest to musicians and ate to the music lover. nother efficient Chicago specialist was Mrs. Guy Blanchard, an expon- ent of visual education Mrs. Blanch- ard, an exponent of visual education. Mrs, Blachard presented her subject largely by picture and the plan ‘has much merit. Review of Addresses On reviewing the addresses of. the federation, listening to the papers and reports, one is struck with a situ. = \ / ~ Phone 490 il ation that would deem at first a para- dox, namely that,in this first meet- ing of women in the state since the ‘ballot was granted them, the key note of the whole meeting is better home making, better conditions for mothers, children, and all.the very near home interests. This, too, in the face of all the warning we have had that when women have the ballot, its good bye to the home!. Never in the history of federation work in the State has there been such a wave of deterimination to set about the affairs of the family andthe interests \cen- tered about the family, approaching; it, of course, from the point of -intel-) ligent and. well studied legislative enactment and through sensible ordi- nance, added to the woman's age-old} HEST COLDS: oRw Py fe ap Used Yearly - 1000 That We'll Be Ever figure the many rubs there are in your family wash, when it’s*done: the old rub- and-tub way? Take a sheet, for instance— 25 rubs down and 26 back, 50 for each sheet; six sheets, 300 rubs. ‘ Tablecloths —150 rubs if. there are three in the wash. Towels. 20 rubs. 240 to the dozen; handkerchiefs, 10, or 120 to the dozen; wash-dress- 2s, 25 rubs, or 100 for four; aprons, 15 rubs apiece, or 90 for the half-dozen. 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