The Bismarck Tribune Newspaper, March 10, 1921, Page 8

PAGE EIGHT MOVEMENT OF GRAIN CALLED | “ENCOURAGING” BUT DOES NOT REPRESENT LIQUIDATION-RICH Chairman of Federal Reserve Board Reviews Conditions in Northwest PRICE DECLINES MORE Some Still Doubt as to How Spring Planting Will Be Financed Minneapolis, Mar. 10.—John H. Rich, chairman of the board of the Ninth Federal Reserve Bank, today is- sued the following statement to the directors covering business and credit conditions in the Northwest: “There was not enough change in business events during February to indjcate the probable trend during the spring season, and in many there was a marked disposition to await developments. In some respects prevjous declines in the wholesale markets and important downward changes in raw material costs have tended to produce hesitation rather than new orders, due to the feeling that further recessions may possibly come. Both in business and banking circles there is divided opinion as to whether gains have touched bottom, although there is a feeling that a num ber of important raw materials are not likely, for the present at least, to go any lower. This is probably true of lumber, which is of prime im- portance from the standpoint of the hoped for revival of construction, but \umber alone cannot control the situa- tion. Changes in brick, cement, steel, glass, and some of the other jmpor- tant items in the building list, do not place them in the same position as lumber, and forthe present, the re- duced cost of limber ‘that goes into building may not prove a sufficient factor to encourage building activity which is so greatly needed. The housing situation is bad at all of the centers, and there is promise of con- siderable rural building, involving FREE TO PILE. SUFFERERS Don’t Be Cut--Until You Try This New Home Cure That Anyone Can Use Without Discomfort or Loss of Time. Simply Chew-up a Pleas ant Tasting Tablet Occassionally and Rid Yourself of Piles. LET ME PROVE THIS FREE, ‘My internal method. for the treat- ment and permanent relief: for piles | is the correct one. Thousands upon; thousands of grateful letters testify to this, and I want you to try this method at my expense. ‘ No matter whether your case is 6f long standing or recent development, whethef it is chronic or acute, wheth- er it is occassional or permanent, you should send for this free triql treat: ment. , ‘ ‘No matter where you live—no mat- ter what your,age or occupation —if you are troubled with piles, my method will relieve you promptly. I especially want to send it. to those aparently ‘hopeless cases whe-:a all | forms of ointments, salves, and other locat applications have failed,- 1 want you to realize that my meth. od of treating piles is the one most | ‘dependable treatment. This liberal offer of“free treatment is too important fcr you to neglect a single day. Write now. Send no money. Simply mail the coupon—but do this now—TODAY. FREE PILE REMEDY E. R, Page, 841D Page Bldg., Marshall, Mich. Please send free trial of your method to: lines} MINNESOTA | BATTERIES ‘Guaranteed for 2 Years Electric Service & Tire Co.. 215 Main Street SPECIAL SALE On Dress Goods Friday and | Saturday Sale . March 11-12 both housing and farm construction., A notable feature of the price changes} is their irregularity. This is apparent! in both wholesale and retajl markets| and indicates that further adjust-! ments are yet to come, although the drift is toward normal Moveme:it Encouraging. | | “The movement of grain during the! month was encouraging, but does not! necessa represent —_liquidation,! since much of the incoming grain is held on storage tickets. From a bank- ing stanpoint, cultural liquidation has not yet appeared. Commercial liquidation has been pronounced, and! has proceeded steadily since late No-| vemb During the last half of Feb-| ruary it showed some tendency to* slow down,, The agricultural liquida-! | tion that has taken placs comes to’ | light in the evident ability of whol sale and jobbing-firms and other dis-} | tributors of goods and merchandise to ' liquidate their benking indebtedness, et the centers, but does not appear in the course of county bank deposits or in the form of changes in their bills payable or rediscounted paper. In general, the tendency was for city banks: to reduce their indebtedness with a very good degree of success, | while country banks during the month showed a disposition to increase their! borrowed money somewhat. “The movement of grain and live- stock from farms to terminals was considerably larger in February than} a year ago and larger than the ten-/ year average. Mild weather and im-| proved @ransportation have helped to bring about a more regular and order-| ly marketing than existed a year ago. Demand was sufficient in February to sustain’ wholesale livestock prices, there being as many advances as de- clines in the South St. Paul market. in fact, cattle prices were stronger at the end of the month with a much larger“inquiry for stockers and feed- ers. Prices of grain in cash sales at ‘Minneapolis sagged during the month with losses of about 10 cents per bus- hel in the median prices of flax, rye, wheat, and corn. These declines jn grain prices have not been due to con- ditions in the Northwest. Receipts at Minneapolis and Duluth combined for ‘all grains were but 14 million bushels in February as compared with over 18 million bushels in January, and Feb- ruary wheat receipts alone were about 9 million bushels as compared with over’ 11 million bushels in January. ; No important change has taken place in grain stocks jn Northwestern ter- minals. Prices Decline. “The price declines which occurred in wholesale markets in November, Decembr, and January are slowly CORNS — Lift Off with Fingers i ‘ cal Doesn't hurt a bit! Drop a little! “'reezone” on an aching corn, instant} ‘ly that corn stops hurting, then short-| ly you lift it right off with fingers. Truly! i Your druggist sells a tiny bottle of} “Freezone” fora few cents, sufficient | to remove every hard corn, soft corn, | or corn between the toes. and the ¢al-/ luses, without soreness or irritation. jit is said, turned the letters over to <ibe held folowing with an: interest- reaching the consumer. In ‘February | much of the produce ag well as the! grains and some of the meats recorded further declines at wholesale. Retail prices of focds in Minneapolis are es-' timated to have declined about 7 per cent between ‘December 1 and March 1 “The Ninth Reserve Bank, was able during February to pay off its indebt- edness to other Federal reserve banks! and secured a moderate amount of additional liquidation, which has im- roved its position. City banks han- dling the business of country banks and bankers report very slight reduc- tion in credit extensions to the coun- try, and there is still some doubt as to how the spring planting demands! will be met, although the commercial liquidation that has occurred has im- proved the outlook somewhat. There is need cf active liquidation in the: country in ‘order that lending institu- tions may, be put in possess! of funds which the agricultural interests will need at planting time. “The market rate for money has not; changed. The whole Federal reserve} system realized collections in the} three weeks ending February 24 of, but 22 million dollars, or about one per cent of the total earnings assets, although February is a “between-sea-| son” period of dullness, A year ago, we were lending to other Federal re- serve banks nearly nine millions of} dollars. Our loans to our own mem- ber banks are now twelve millions; greater than a year ago. The money demand for spring planting needs is but three weeks distant. Locally, some business firms are planning new financing which, coupled with the re- cent issues. of industrial and Euro- pean government bonds, have prob- ably engaged considerable sums of lo- cal capital for investment purposes.” U.S. OFFICER CAUSES ARREST OF JAPANESE Instead of Buying Secrets Of- fered Reports to Author- ities © Tokio, Match 10—(By Associated Press.)—Naval Lieutenant Hamagu- chi was today ‘arrested and handed! over to a court-martial in connection ; with an alleged attempt to sell Jap- anese naval secrets to Capt. Edward Watson, naval attache at the United States embassy. Capt. Watson, it is said by the Nichi Nichi © Shimbun, received two letters signed “Goto Y: pada,” asking for an appointment as the writer desired to sell for; one million yen Japan's mobilization plan against “a certain country.”, Watson, the naval department authorities anc investigation resulted in the arrest of Lieut. Hamaguchi. DR. C. E. SAWYER IS NOMINATED on. Washington, March 10.—The nomi- nation of Dr. C. E. Sawyer, of Mar- fon, 0., President Harding’s personal physician to be a brigadier-general {n the medical reserve corps of the army was confirmed today by.” the senate, re — Ou KOYS CLUB MEETS TONIGHT, ! The Junior Luther League (Boy's i Club) will meet tonight at the Swed- ish Lutheran church at 8 o'clock. All boys of the Sunday school eligible |for membership are requested to at-' tend, A short business session will ‘ing program. Refreshments will be gerved. It is requested that there be a good attendance. 5 Use Pyramid Be Happy If Endurance is Being Tricd to the Limit Get a Box of Pyramid Pile Suppositories THE BISMARCK TRIBUNE WHEAT INN.D. BELOW FEDERAL FIGURE, BELIEF Commissioner Hagan Believes) Not More Than Ten Mil- lion on Farms “| SEES LOWER ACREAGE; Predicts Wheat Acreage For the; Year Will Fall to 6,000,000 Not more than 15 ‘per cent of the| 1920 wheat crop of North Dakota | mains unsold, in the opinion of Com-! missioner of Agriculture John Hagan, | who believes that the percentage an-! nounced for the entire United States| by the federal department of agricul-| ture is too large for North Dakota. | Since January 1, when the federal! estimate for North Dakota of wheat) on farms and in elevators, within the; state was 20,000 bushels ‘or slightly! less than 33 per cent, much wheat has! been sold in, small lots, the commis-: sioner said. He believes that about 10,000,000 bushels of the wheat crop,| estimated at more than 60,000 bushels, remains in the hands of farmers. | ‘The small grain acreage of the state; will be greatly decreased, the com-' missioner believes, ‘He estimates the, last year’s wheat acreage of 7,600,000 | will fall to 6,000,000. | Bases of View. \ “This view is based on the inability! the fact that local banks will not be needed,” he ‘said. “There also are some farmers who are able to finance themselves who will reduce their“acre- , age because they figure they lost money on last year’s crops.” There will be more diversified farm- ing, the commissioner believes, be-; cause of, the loss on small grain, thé! inability of, the farmer to finance large acreage and the. fact that the | farmer “is rapjdly learning that he; must not place all of his eggs in one; basket : j Dairying will increase because it brings the farmer ready money, | Mr.; Hagan believes. | SURRATT’S ESTIMATE. Grand Forks, N. D., Mar. 10.—Wheat barley and oats reserves on farms inj North. Dakota are above average, ac-| cording to the; March reports of the United States ‘Bureau of Crop Ssti- mates, made public here today by A. J. Surratt, statistician for the state. ‘The unusuel feature of the situa- tion, the report points, out, is that it) follows the) moderate .state [yield of last year. As a rule, spring reserves | are below average when_ production} sis not up to -average, Mr. Surratt of farmers to finance themselves and | in position to afford them all the aid’ Such an advertisement wculd help keep your old trade and introduce you to new customers. PANAMA REJECTS 1. S.:PEACE PLAN oWashington, March 10.—Panama refuses to accept the White award as a basis of peace with Costa Rica, it informed the American government !in a note made public today by the points out. ‘ Ther present size of the) farm reserve of:;wheat is largely due| to wheat prices:<being extremely un-| satisfactory, togfarmers, whigh has! noticeably slowed uy the moyement | to market during) winter months. The/{ rather lideral state reserve of oats) and barley..is attributed, to the un-| attractive’ market ‘price of these; crops, the liberal. supply of hay and | roughage on farms over most of the! state and the extremely mild winter | causing feed requirements to be less than usual, It pis. highly probable that if present market prices con: tinue to prevail the bulk of the pres-/ ent supply of oats and barley on farms} will be used for feed. i ‘The farm reserves are ra:her un- evenly distributed, varying trom well) above the average. in eastern coun- ties to below the average in western counties for wheat and from above average in. the southeastern quarter of the state to above average in cen- ; tral and southwestern counties and below average in northern counties for oats and barley. The state wheat reserves on farms remaining from 1920 crop of 68,400,000 bushels is es- j timated to be 26 per cent-or 17,748,000 bushels, compared to 11,795,000 bush- els last year and the .10 year average (1911 to 1920) of 18,030,000 buétiels. The state oats reserve on farms re- maining from the 1920. crop of 59,- 640,000 bushels is placed at 47 per cent or 28,031,000 bushels. compared to 12,- 208,000 bushels last year and the aver- age of 26,132,000. The ‘North Dakota barley reserve If you are struggling with the ain and discomfort of itching, leeding, protruding piles or hemor- an rhoids, go over to any drug store and get a 60 cent box of Pyramid Pile Suppositories. Take no substi- tute. Relief should come so quickly you will wonder why anyone should continue to suffer the pain of such a distressing condition. For a free trial package, send name and ad- dress ‘to Pyramid Drug Co,. 606 Pyr- amid Bldg., Marshall, Mich, on farms remaining: from the 1920 crop of 32,680,000. bushels is estimated to be 35 per cent or 7,938,000 bushels compared with 3,738,000 bushels last year and the average of 7,897,040 bushels. Cut out this. slip, enciose with 5c and mail it to Foley & Co., 2835 Shef- field Ave., Chicago, Ill, writing your name and address clearly. You will receive in return a trial package con: taining Foley's Honey and Tar Com: pound for coughs, colds and croup; Foley Kidney Pills for pains in sides and back; rheumatism, backache, kid- ney ahd bladder ailments; and Foley Cathartic Tablets, a wholesome and thoroughly cleansing cathartic for constipation, biliousness, headaches, and sluggish bowels. “ A collar for a cow's neck, to Pre- vent her drinking her own milk, has just been patented. CUT THIS OUT — IT IS WORTH) . MONEY state department, ay The note is in reply to Panama and Costa Rica last Saturday by the state department demanding immediate cessation of. hostilities. Gee pec ers ee [CITY NEWS | ¥ Baptist Aid. The Ladies Aid of ‘First Baptist whurch will meet with Mrs. Varney tomorrow afternoon if weather per- mits, if not will meet next Thursday at 3 g'clock at her home. Aid Postponed. On account of the storm the 3rd di-j vision Gf, the Methodist Ladies Aid will postpone their meeting until Fri- day, at the home of Mrs. Oscar Ward, 400 7th. From Coleharbor. “Mrs. J. A. Andergon and little son George stopped over’in Bismarck yes- terday, en route from a two month's visit with her parents at Fargo to her farm home near Coleharbor. ‘PROGRE { IN MEDICAL RESEARCH | 2 YOUr Certain thru- Mornenrs Frrenp Which spreads its influence upon the nerves, cords and ligaments’ in- volved, rendering them pliant to read- ily yield to nature’s demand. There is an absence of bearing-down pgins, strain and general discomfort, more often than ot! ise experienced when nature is unaided. Mother's Friend is used externally. At all Druggists. Special Booklet on Motherhood and Baby free. BradGeld Regulator Co. Dept. F-9, Atlarta,Ga Taffeta Silk, 36 in per yard, Georgette Silk, 36 Silk Messaline, 36 wide, per yard , all colors, per yard all colors, per yard Ginghams, fast colors, 32 in. , ches wide, inches wide, inches wide 218¢ Extra Heavy Curtain Draperies, 'all colors, per yard »........- Ginghams, all patterns per yard ...... Shirtings, extra patterns, per yard ......... ~ ‘Calico, all patterns, per yard ........ Chambray, all patterns - per yard : ‘heavy, all .18¢ that sent! No One Can « Miss Your AD YOUR ADVERTISEMENT ‘directory would be right on the job all the time. THURSDAY, MARCH 10, 1921 ‘Yeur advertisement would stand Tight “out on | he cirectesy page and proclaim your business in BIG TYPE. : NORTH DAKOTA INDEPENDENT TELEPHONE COMPAXY To Lumbermen’s Meet. H. L., Dobler, Richard Tracy, John A. Larson, and A. M. Frederickson were among the Bismarck lumber men who left last night for the lum- bermen’s convention at Fargo. I will not be responsible for, any bills contracted by my fam- ily without my consent. Signed Carl Milde, Sell your cream and poultry to our agent, or ship direct to Northern Produce Co., Bis- marck. Write us for prices on in the telephone \cream and_poultry.—Norther! Produce Co. g .-Charles Wong Wee will not be responsible for any bills made by Loy Lee, Jen On, Joe Con, alter March 12th. American ‘afe. JURY ROOMS PRIVATE. Dallas, Tex., March 10.—Texas law bans cards in public places. Juror complained that other jurors were playing red dog. “Jury room’s nota public place,” ruled Judge C. A. Pip- pen. A BOOSTERS WEAR “PATTERSON” HATS ALWAYS— THEY MAKE 'EM THAT WAY. New Spring Shapes at your Dealers. TWStévenson Co. farm / of hay. THE NEW EMPORIUM STORE THNUHUOCOUUOUOOAUEOGRGAATEEAEAUALEOAG UA We have just received our new Easter line of shoes and each day we are re- ceiving new shipments of our spring goods. It will be well for you to visit our store, look over our well assorted stock and you will find our prices are 15¢ - the lowest. Auction Sale | The personal property of the bankrupt es- tate of Rubin Miller will be sold at auction sale, for cash, to the highest bidders, on Saturday the 12th day of March, at one o’clock, p. m., on the George Guessner farm, one and one half mile south of Bis- marck. This property consists of sixteen head of horses, full and complete outfit of machinery, and over seventy tons Terms of Sale—Cash i Chas. T. Staley, Trustee OEEATEUOUOAEERAEEGRTUAUAUAUUTEUEAUAAT AAT WHOLESALER MINNEAPOLIS At Latest Rock Bottom Prices