The Bismarck Tribune Newspaper, December 1, 1920, Page 2

ae PAGE TWO BISMARCK DAILY TRIBUNE EDERAL‘ RESERVE BANK HEAD "ESTIMATES THAT 46 PER CENT ~~ OP WHEAT HAS BEEN MARKETED Tendency of Farmers to Hold Products Has Interfered With Processes of Liquidation—Heavy Runs of Cattle Noted Much, Unfit for Market—Building Conditicns Have Improved. Increase in Volume of Business Noted Minneapolis, Dec. 1--Chairman Jchn H. Rich, of the Federal Reser Bank of Minneapolis, today issued the following report on crop and business conditions: . s Grain Movemen® About 46'per cent of the total wheat crop of 148 million bushels for the ‘Northwestern states had been marketed by the second week of November, This estimate is based upon receipts for the crop year of about 43 million bushels at Minneapolis and about 23 million bushels at Duluth, plus about 8 millions taken by outside mills. These figures are subject to a deduction of about 5 1-2 million bushels form wheat received from Canada, Receipts in October, with suitable deductions for Canadian imports, were about 5 per cent larger than for the same month a year ago-and were about 3 per cent less than during the menth of September. That such a quantity of wheat. could move without producing marked liquidation is explained by the fact that a considerable portion of the receipts at terminals is covered, by storage tickets and represents wheat which is not yet sold. Receipts df all grains at Minneapolis in Octcber amounted to 25.367,879 bushels or 8 per cen greater than during tlie precedi nonth. Receipt: { flax were more than double. The disposition of to hold grain has been a pronounce t factor in preventing normal liquidation throughout the entire district, and the inclination is to deliver grain at ccuntry points on storage tickets in the hope of a better market. Since the last report the course of all grain prices has been downward, and the grain held has already suffered con- siderable depreciation in value. ‘ Comparisei’ of Receipts A comparison of Minneapolis receipts by cars during the first 25 days in November, 1920, with a simi period in October, (1920, and in November a year ago, follows: Per Cent Nov. 1920 Per cent Nov. 1920 of 1919 Pirst 25 days Ist 25 days Ist 25 days of of of 0. Noy. 1920: Oct, 1920 Oct. 1920' Nov. 1919 Nov. All Grains 921 14,712 cars 87.9 10,177 cars 127.2 Wheat only 1359 10,502 cars 891 7,614 cars 122.9 Stocks of grain Minn apolie fernrials on October 30 were 12,700,006 bushels and had doubled between October 2 and October 30. The combined of Minneapolis and Duluth on October 30 weve 21,400,000 bushels of : and were 50 per cent larger than the stocks at the close of Sep- all grain. f tember, but only three-fourths of the total stocks held a year ago. The com- bined wheat stocks, however, doubled “duriag October; end at the end of the month were 9,300.000 bushels, and practically equal: to those of a year ago. Agricultural Products | : There is a tendency to over-em- theese production was probably not phasize’ the importance of grain as 4 ‘less than 7 million pounds, with a cash crop in the Northwest. The pro- valhation of not Jess than 2 million duction of vegetables and dairy pro- dollars. The total crop of apples in ducts has been very satisfactory this | Minuesota this year is estimated at year as compared with The to-, 100 bushels as compared with tal production of potatoes in four 5,000 bushels the preceding year, states is estimated at about 48 mil-,and the state of Montana has pro- lion bushels as compared with about) duced 1,155,000 bushels as compared 43 million a year ago. The state of with 1,289,00 bushels’ a year ‘ago, Minnesota alone produced in the | or a total decrease for these two whole of the year 1919 more than | states of but 1.3 per cent. 143 million pounds of butter for the| The grain crops have not varied commercial market at a valuation of materially in their final results from more} than 80 million dollars. The! the estimates made last. month. Th? amount of corn that has been used for silage in North Dakota is estimat- ed by government bureaus to be about P1 per cent of the total corn acreage, | and in Montana about 7 per cent. In taddition, Montana utilized 35 | per ‘cent of its corn acreage for forage ‘and fodder, and about 6 per cent for + grazing. General Price Situation The public has teike@ more abou! the general decline that took place in agricultural prices during the month of October than about any other busi- ness devélopment.. of the. month. | Prices of all grains except barley de- ‘clined in October, and the. declines jfave continued into.the month lovember. ,-All live stock prices, cept mutton, and lambs, declined in October and the declines have c ; tinued into November. | Probably. {is jof the month. Wholesale, produce | Renews Strength! Where there: is. @, need fér a build- 4 peronating illness, - | SCOTT'S EMULSION et vigor. ae J ing-up tonic alter oat Scott & Bowne, Bloomfield. NiS. SA ae ‘ig &rave’s is the Genuine and Only Laxative A vamo ~<a t Gssinine - tablets nd. original Cold and the merit of which by all civilized This College has constantly mere calls for office help than it can supply. All students who remained to complete ‘its ‘course ‘have ‘been sent to good business and banking positions. In sessien. throughout the year, the student enters at any time. Preparatory department where students may commence with the lowest primary branches. Besides the ordinary Expert Courses in higher accounting, Stenography, and Banking. ‘Send for all particulars. is G. M. LANGUM, Pres. Bismarck, North Dakota. 25 More Days - THEN XMAS WHY NOT A\ PHOTOGRAPH? It is everlasting and everlastingly . appreciated by. your family and * friends, * Make your appointment now be- fore the rush starts and when we can - have time to. bring out all the mere \. details. 311)4 Main St., Upstairs Phone'249 ASMOADUGNNSIOSEUTSUEDSSQOSESS000NEUH0NG202S000DE#0GUOUAUHHUGRUEQSODOUSUNOSADEEVTESEOBOUNSTESRSTEUSEOSURUNEUUNDEGGUTECSUOOONUNOOUIUONUOTS: e x ‘he most. significant. developmen‘ prices-.in the Minneapolis market de- clined-in Oétgber for meats, dry vege- tables, and dairy, and poultry pro- ducts other than, eggs. Prices for Douglas fir for buildmg purposes de- clined trom 7 to 19 per cent forthe various gr: Dun's Rewew in quoting minimum prices on, October and October 29 for a selected list of 18 basic commodities entering inte he manufacture of other articles a3 raw materials, showed deciines in wheat sagar, beef, hogs,,., hides, w@athen, rubber, copper spejter, lead, and pig iron; and of three selecter |; vextiles there decreases ,in serge and print cloths. i Banking vevelopments in October t rates have been firm and wy unchanged. diiring:: the month. Commer paper. is {selling at 8 per cent.us compared, with 5Y% per cent last. year, while customers’ Dns pared with 5 per cent a year. ago. he Ninth, federal Reserve~bank,, by. borrowing from other federal res: rve banks, was able to increase. its ace commodition to members about 4 mils lion dollars’ during the month. Of this /increase in tot ecommodation about one million collars was .tukei in the form of note; issues to- fa alate the crop movement. All of .tl expans.on of loans. hus been absor'! country , distri A~special in- tigation made on: October 20,show.- ed that the loans of Twin Cities’ banks to their country customers were about 40 millions more than\a year ago, while the déposits of country banks with them had been drawu down about 35 millions. as compared with a year ago. The net result in- dicates a movement. to country. dis- tricts of 75 million doliars more than a year ago. Ranking Conditions on:/Novemher, 26 A comparison of .the statement ot condition of, the Ninth “Referal. Re- serve hank on November 26) mith that of November 5) shows «a decrease sin the total; accomodation “given, tie Ninth Federal Reserve district, of 1% million dollars, although nearly one million was. borrowed-from other fed- eral reserve banks. Note issues de- clined more. than one million , and member banks’ ‘reserve deposits in- creased slightly... Owing to the larger amount of curreney in transit at.tnis time of the yeary gold reserves, .do- ased, abouti thaee : million; dollars, ‘The total accommodation given, to the district on this“date was: abdnt 108 millions. The combined reserve per- centage was 39.5 per cent. Interest rates remained unchanged. Flour receipfg and shipments Minneapolis and at Duluth ind similar changes. ‘The Minneapoli : ceipts are 12. per. cent larger. and shipments 18 per cent larger in Octc- ber ‘than,in September. The Dulutn receipts are 47 per cent larger ant shipments 65 per cent larger in Oc- tober than .in September. October, '1920, shipments in Minneapolis aye 68 per cent and in Duluth 70 per of the amounts shipped one yea Live: Stock w rate at banks. is,7% per cent.as « ¢ at ago. were heavy runs from the west ana grass-fed cattle predominatec at all times. The /quality of cattle received at the South St. Paul market was the poorest for a number of years for this season of the year. The feeder business did not show as much volume as labt year. .,An increase. in receipts, lowering of prices of grain and other commodities, and the un- settted labor situation in England, which was, expected to curtail ex- ports, were the factors contributing to. the slump in hog. prices.. The strength in mutton, sheep, and lambs was due to, a decrease in receipts: ia leading western: markets, a realizat- ; tion that the, run. of .satisfactory.| Westerns was drawing to a close for the season, and the expectation that year -will not be made up. The de- | mand. for stock cars in the north- west has been very ‘heavy and seri-} ous complaint has been made off shortage in some places. This situa- | tion has been recognized by the In- terstate’ Commerce commission by authorizing a preferential handling of | stock cars; and shippers nave been urged to assist the release and move- | ment of such equipment. In @llotting the limited number of stock cars that are ‘available the railroads have pro- bably shown a preference for mov- ing range cattle in order.to anticip- ie the coming of severe weathe:; Ind this fiolicy is‘ commendable. The October reports of the South St. Paul Stock yards -covering receipts and shipmenta indicate. a movement. in hogs more than double that. in Sep- tember and*22 per éent larger than in October a year ago. When the total movement of all live stock is measured by the total of cars, the October inerease over September. is 10 per cent and the decrease from a ‘year ago is 22 per cent» Cumulative receipts from January 1-to October 3 indicute a total movement somewhat less than last year. The October shipments of feeders’ from South St Paul‘ were but 75 per cent of October a year ago. Building and Lumber Building operations when measured by the number of permits granted in thé nine largest cities in tis dis- trict improved.in October as compar- ed with September. The increase_in number of perinits’was about 5 per cent and the increase in valuation about, 43 per cent over the. preced- ing month. However, this increase has,not been sufficient..to bring the October total up to more than. about per cent of that in the preveding year. Sa Mining Coal receipts in Duluth-Superior harbor for the month of October were 1,881,836 tons, or 56 per cent more ithan- in<September and about 20 per cent larger than a_year ago~ How- ever, the cumulative receipts from the opening of navigation to October 31 were 14 per cent less than.a year ago. General Business Conditions There has been am increase in the volume -of business in October as compared with September. The aver- age amount of debits to indivigual ac- counts: per week in ,clearing house banks.in i1 of, the ‘most important ities in this district for the four weeks ending October 27, as compar- ed with the. five weeks ending Octo- ber 1, increased 17 per cent and was also 11 percent larger than a year ago... Owing to the general decline During the month of, October there 2 the cumulative shortage so far this |, to an ‘own ot Or My TT 8 WC CPR eR ea ae C ) Ve ewe enna n ee RRS rrr —=== volume and turnover. Business fail- ures in number and amount of Habil- ities did not vary: to any marked ex- tent in October as-compared with September, although~ the liabilities were about 30 per féent larger than a year ago. < The; Mission Circle of the Baptist church will meet Thursday afterncon with Mrs. E. A. Wilson, 208 Rosser St. Dancing Class, Elks Hall. ~ MOTHER! “California Syrup of Figs” *.,Child’s Best Laxative Accept “California” Syrup of Figs only—tlook for the name California on the package, then you are Bure your child is having the best and most in prices known ‘to have taken place during the month, these debits to in- dividual accounts: in- October were ach, liver and_ bowels. Children love its fruity taste. Full directions on With the announcement Whispering - The Love Boat That Old Irish Mother of Mine Just Like a Gypsy Fair One—Fox Trot Chili Bean—Fox Trot My Little Bimbo—One Step Dance-O-Mania—Fox Trot Old Man Jazz—Fox Trot Santa Claus Tells About Hi Santa Claus Gives Away His Toys Gems from “‘ 2 Gems from “The Night Boat” Any Victor describing e to hear, each month... . _ Victor Talking Machine Camden, New Jersey SE harmless physic for the little stom-| { nousehold, La Juive—Rachel! quand du Seigneur la grace tutelaire (Rachel, When the Grace of the Lord Entrusted Thee to Me) Tarantelle *(Chopin) { Piaho ‘The Garden'of Memory \ re When T Was Seventéen Symphonie Espagnole—Andante Violin Sweet Repose « - \ ‘e? Trot Lo Toy Shop these New 4 tro REG. U.9, PAT. OFF _— * THREE MILLION " KIDTOMEDICAL COLLEGES GIVEN Rockefeller Foundation An- nounces Preliminary Ap-~ portionment of Money New York, Dec. 1—The Rockefeller Foundation.has announced, the prelim- inary apportionment of. $3,000,000 in aid of medical education in Canada, out of the $5,000,000 previously set aside for the purpose. The apportionments now made of two classes: First contributions to- ward increasing the permanent. re- sources’ in buildings and endowmen' of schools already well establishes Second, contributions to annual in- come of institutioks which are under- going reorganizations. These allot- ments have beep made: $1.- Vogill, University, |. 000,000. University of Toronto, $1,009,000. Dalhouse University Halifax, $500,- 000. ~ \\ University of Manitoba, Winnipeg, $500,000. \ Schools in progress of reorganization to receive aid from the income of the $2,000,000 reserve are: University -of~ Alberta, Montreal, Edmonton, hfor ‘the year 1920-21, $25,000. University De Montreal, 1902-21, $25,000. N 5 Applications from these schools for further aid will be considered. Mme. Homer and Miss Louise Homer ‘When’ You and I'Were Young, Maggie Hungarian Rhapéody, The Home-Road’ * The Japanese Sandman Old Fashionéd’Garden Virginian Judgé—Seeand Session (Pert 1) Virginian Judge—Second Session (Part 2) Anytime, Anyday, Anywhere—Fox Trot : x Paul Whiteman and His, Ambassador Orchestra Wang-Wang Blues—Fox r Z The Bengon Orchestra of C! I'd Love to Fall’Asleep and Wake Up in My Mammy’s Arms—Fox Trot The Benson Orchestra of Chicago The Benson Orchestra of Chicago} | __ The Benson Orchestra‘of Chicago} 48003 Victor Light Opera Company | Victor Light Opera Corapany ) Of the $2,000,000 reserved for future ! largely a measure’ of increase injeach bottle. You must say “Califor- "distribution, the income is to be used for December of this list of new Victor music we offer both an invitation and a suggestion. An invitation to every one to hear these humbers at any Victor dealer’s; a suggestion that any of these new Victor Records would be’ appropriate. and acceptable Christmas ‘gifts one who has a Victrola, not overlooking the members of your Number 88625 64910 64911 64912 87319 64808 74646 89159 61913 74647 87320 basco Enrico Carzco Alfred Cortot Emilio De Gogorza Giuseppe De Luca Geraldine Farrar Mabel Garrisca Jascha Heifetz John McCormack Philadelphia Orchestra tine Schumann-Heink Olive Kline Olive Kline Walter C/Keily Walter C. Kelly \ sso0 18604 Paci Whiteman and His Ambassador Orchestra John Stee!) Jehan Steel { “9 , Sterling Trio! Steriing Tria} ZO \ 13037 Selvin’s Novelty Orchestra AN Star Trio frsaso Gilbert Girard | 5679 Gilbert Girard {~~ > hk 35702 ye “HIS ‘MASTERS VOICE”. REG us. l This trademark ‘and the trademarked word “Victrola’? identify all under the lid! Look on the label! ' Pune gntaen “Bet fe ete we eh eae & “eghege hen eater will gladly give you an_ illustrated booklet new Victor Records and play any music you with Nictor Records on sale at all dealers on. the Ist of Victrolas in great variety from. $25 to $1500. : SS Fait OFF. 1 our products.. Look 7] iin wile wae ee VICTOR TALKING MACHINE CO, Camden, N. J. , . i Sees essen ss a nate jamee nes ew Hee Sas espe ss cranes es et ss 2 os g sine s 2 £ 1 toward current expenses, fellowships and other forms of aid to medical edu- cation. In each case the apportionments now announced represent contribu- tions to plans.of development, worked out by the institutions concerned, which involve substantial sums from other sources. ‘Nisitor® in City -Mrs. 'P. J. Kavanagh and _ little daughter of St. Helens, Oregon, «re visiting in the city this, week, the "ASPIRIN. | Name “Bayer” on Genuine /Yake Aspirin only as told in each package of genuine Bayer Tablets of Aspirin. Then you will be following ‘the directions and dosage worked out by physicians during 21 years, and proved safe by millions. Take no chances with substitutes. If you see the Bayer Cross on tablets, you ¢an take them without fear for Colds, Headache, Neuralgia, Rhemuatism, Earache, Toothache, Lumbago and»for Pain. Handy tin boxes of twelve-tab- lets cost few cents. Druggists also sell larger packages: Aspirin’ is the trade mark of Bayer Manufacture of Monoaceticacidester of Salicylicacid. x / e x est of Mrs. Kavanagh’s sister, Mrs. Vin S. Mitchell, at: 422 First street, irs. Kavanagh and childrea returning rom a three months visit in St. Cloud; Minnesota, and other eastern points. She will return to her home the first of next week. \ Dancing Class, Elks Hall. HEAD COLDS Melt in spoon; inh: ale vapors; apply freely up nostrils. Over 17 Million Jars Used Ye oh DAILY PHOTOU! / wo BISMARCK. NORTH DAKOTA wv Known all over the Northwest for Quality ® MAIL US YOUR FILMS ® x \ HURLEY’S ORCHESTRA Up-to-the-Minute Dance Music. 406%, Bdwy. Phone 909 For BEULAH and BEAR CREEK Lump Coal, Call WACHTER / TRANSFER > CO. Phone 62. — a ED 7