The Bismarck Tribune Newspaper, December 14, 1923, Page 3

FRIDAY, DECEMBER 14; 1928 Holiday Hose LUSTROUS and SHEER The finishing touch, which makes or mars your costume on gay ‘holiday occasions, is the Hose. In the Hosiery Shop you may select -just the shades and patterns needed for your various toilettes, and at so? much less than you had expected to pays i] Ne: iH iJ ter results would be obtained for the BONDSALEIS = DEFENDED BY _ GOV. NESTOS Declares That Last Bonds Of-! fered Wont to Bidder Low- est by Several Thousand The $2,400,000 issue of real estate series bonds recently sold by the In- | dustrial Comm ion went to the; bidder who was lowest by $4,940, this | bid was $60,000 better than the high- | est bid of any North Dakota bidder,} sealed bids were presented and op-| ened in the presence of all bidders, jand no bids were changed, Governor tos declared today in ans attacks made in John Andrews’ | gressive” on the bond sale, Shown the Andres’ article, Governor Nestos immediately pointed out what he {said were numerous mis-statements | of fact and “obviously false conelu-| sions and insinuations.”. Asked for! as atement of the situation, the Gov- ernot said: | “The Industrial Commission has the power to sell the bonds either by private arrangement with a kond| house or by competitive bids, ‘The! former administration apparently favored the first describe dure, but the present admi: has acted on the assumption t “Holeproof Hosiery” Exclusive. | deceased, to Bjsmarck whese he boarded the N. P. for Helena, Mont., to enter, a, gdvernment tuberculosis sanitariunf} Meier being a former service man. { TWO ARRESTED Linton, 14.—Adam Schu- macher, living on the Little Beav- er, and ‘Roy Senger, -a Bismarck boy, were arrested Tuesday by Sheriff Volk and Dpputy Sheritf Gug Bossert and brought to Linton charged with having entered the home of Mr. and Mrs. Peter Ben- son, ‘at the Burkhart school in the Winona neighborhood, and having taken | valuable to the amount of about $400, including diamond; ring, watches, shot-gun, clothing, etc. Both men under arrest are about 20 years of age. LANGER SPEAKS ~ ON BANK LAW William Langer of this city is speaking today at Carrington and New Rockford in the interest of the . proposed constitutional amendment providing a bond issue to reimburse depositors of banks which closed up to September 17, 1923. He will speak at Cooperstown Saturday on the measure. It is hoped to place it be- fore the voters at the June primary, he said =] KILLED IN CRASH. Linton, Dec. 14,—Adam J. Heck- elsmiller, aged 53, living at Fredonia, dhis state, was alhost instantly kill- ed last Thursday afternoon on the highway, two miles north of Linton as a result of a fractured skull re- ceived when the cae. he was driving upset and crushed him underneath. Heckelsniiller and his 14-year-old daughter, Lizzie, were returning from Bismarck by-automobile after having taken David Meier, 2 son-in-law of — A Timely Remedy If Hurope would discharge half ‘her armies, she coyld discharge all her indebtedness.—GreenvtHe (S. C.) Piedmont4 | SAY “BAYER” when yot buy-Gomuine Pain Toothache Neuritis Rheumatism Handy “Bayer”, bores of 2 tables All Seats Reserved. Buy in advance and avoid line at X Patrons are requested to arrive at theatre in time to be seated ! Proved safe by millions and prescribed by physicians for N i G, ‘of 24 and 100—Druggiste, . TODAY «ai TOMORROW _ Box office window. Matinees 55c and $1.10—Nights, before the heautiful overture, which ane at 8:25 sharp. ) . i Colds Headache : Neuralgia . Lumbage which contains proven directions. Aspirin is the trade mark of Bayer Manufacture of Monoaceticacidester of Salicylicacté Matinees 2:30 p.m. ©. . Nights.8:30 p.m. 55e, $1.10, $1.65, including tax. structs, it creates national pride, It stirs tatent:patriotic impulses.” —Peter, B. Kynen., is" ||| information given, and questions an- journment then re state by selling these bonds to the best bidder, although either course} has its advantages. “The procedure has been the same at each sale. At the hour set for the sale, blanks have been distributed, { \swered, and the a |taken until later in the day to permit the bidders to prepare their bids. |Exactly the same precedute was fol- wed at this-sale, The bids were jasked for and received with the un- derstanding that the Industrial Com. | mission reserved the right to reject} any or all bids, or to accept whatever! bid seemed to be the best and would) result in the lowest rate of interest) \for the state. At this time, as on! former occasions when there were| many bidders, all came into my of. | fice where the Industrial Commission | and its secretary were seated an each bidder had his sealed bid in his! own possession, In the presence of | thése men, all the bids were then re- ceived py the Industrial Commissjon | and were opened and recorded before | dinner in the presence of all of these bidders. Neither the governor nor, yy emember of the Industrial Com-| mission or any of the bidders, there- | fore, had any chance to discover what any other bidder was going to bid until these bids were opened in the presence of the whole group. Any! fair-minded man will admit that this procedure is fair to all of them, Two Basis | “At the last sale, bids could be} made tither on 5 1-4 per cent bonds} or on 6 per cent ,bonds, and as the average maturity of these bonds was about eighteen years! any bond man or banker will be able to tell you that a premium of overt $70,000 would have to’ be paid on the 5 1-4 per cent bonds in order to make them equival- ent to 5 per cent bonds at par. “There were bids on both classes! ‘of bonds and some on combinations! of them.’ The best bid received on| the 5 1-4 per cent bonds was from the Minneapolis group, offering a premium of $49,200 which ig over $21,000 poorer bid than par for 5 per cent bonds. Two bids received offer-| ed a premium on 5 per cent bonda.| Both of these bids were considerably higher than any of the other bids.! One of them was submitted by the| so-called Minneapolis + group of houses, the other one by R. M. Grant & Company of New York and Chi- cago. Each one of these bids was an outright bid for a part of the. bonds, with a short option on the balance, and they were the best bids even with the option. There was no change made or permitted in either of these bids during the noon recess, as charged in the Andrews article. Both of these bidders merely notified the Industrial Commission that they would exercise their option immed- iately instead of waiting until the expiration of the time limit, “The Minneapolis group of houses offered us a premium of $5,500 on the 5 per cent bonds, and R. M, Grant & Compafy a premium of $10,440 on} the same bonds so that it was appar4| ent to the Industrial Commi: R. M. Grant & Company's better than their nearest competitor by $4,940 and was more than $60,000} better than the. bid of the highest North Dakota bidder. “How, under these circumstances, it van be charged that any favoritism was shown R. M, Grant & Company, is difficult to see even though the son of my secretary happens to be one of the agents of the company making the best bi |should not be condemned in ufging his company to give North Dakcta a good bid but should rather be prais-; ed for it. If there had been any dis- position to show them any favorit ism, the Industrial Commission) would not have needed to ask for any! bids at alt, but might have give ‘them the contract te sell all our) bonds as the former administration, did to. Spitzer Rorick & Compiny;) and eyen if that were done I can as-j sure you that we would have received | a much better rate of interest for the state than did the former ad ministration, To show. how silly the contention of John Andrews is, I on- ly-need to call your attention to the fact that R, M, Grant and Company, has been a bidder at every sale but one but that at sales prior to this’ fall they have not been the lowest; bidders and therefore did not get: the bonds and surely when they are, the lowest bidders they are entitled: to»get them and the welfare: of the! state is promoted thereby. ; Declined To Bid 7 “The statement of the Andrews’! article, with reference to the next, to| the‘last bond sale is also’ untrue. The bonds offered then matured in’ from five to ten years and we had tried all (summer to’ Ret the different Houses to bid on them but had f: fed to secure any bids for_ponds of i | Vest He certainly|_ 1 Iinrico Caruso, ain BE. A. Ingram recently. Brompton, just outside of .L shows the couple just aft a THE BISMARCK TRIBUNE “CARUSO WEDDING widow of the The ceremony took place in the Ora married work-famous tenor, London, Photo, first to reach this er ithe wedding. such short maturities. Finally, we were informed by Grant & Company that they could handle the bonds, as they had some customers who were willing to buy short time obligations, polis group of houses and asked them if they now cared to make a bid for these bonds as we would have to sell them, and they informed us that while they did not particularly care for them they would make a bid. Two bids were submitted and upon opening the envelop containing the bid of Grant ‘& Company we found) $1, offered $500 of a that they more premium than the Minneapofls group of houses and the bonds wege sold to them. “The whélg business has been cone ducted on fhe square and for the best intergsts @f the state. those selfish individuals who were urging ug to accept a bid $69,000 poorer than the best bid, are making ‘an outery today and making it mere- | 15 ly because they want us to s the best interests of the state der to enable them to make a little extra’ money. {MARKET NEWS WHEAT TAKES NEW UPTURN Heavy Rains Hampering Ar- gentine Harvest Cause Chicago, Dec. 13.—Persistent® selling of corn sent both corn and wheat downward today in the last hour. Reports that about 100 carloads of Canadian wheat were arriving dal neapolis also had a_beari feet. Wheat closed toda to 7-8 to 1 cent net low Dee. $1.03 5-8 and May $1.08 1-4 to $1.08 Subsequently weakne wheat was largely the result of sympathy with declines in corn Later a broadening out of selfing took place and aggressive Sup- port was lacking corn close was heavy, 8-4 to 11-4 cents net lower, with May, 723-4 to 7-8 to 727-8 Chjcago, Dec. 14.—With rains hampering the Argentine h wheat scored uptu to soon after the opening. The m: displayed stubborn re nce to Commission houses were main buyers. Opening prices which v: a shade to 1-8 higher December 1 3-8 and May 109 1-4 were followed by moderate gains and then som thing of reaction, r- Ly the ST. PAUL LIVESTOCK Paul, Dec, 14.—Cattle 1500, Generally steady. F: Run includes several loads So." § r ceipts ly Betive, short-fed s at late hour. Common and ‘medium| beefs steers and yearlings $5.50 to $9.00. Bulk $7.50 and down, Fat cows and heifers $3.00 to $7.00, Bulk 5.50. Canners and‘ cutters $2.00 to $2.78, Bologna bulls $226 to $4.26, Bulk- $4.00 and under, ‘Stockers and feeders light supply ‘about steady. Bulk early sales $4.50 to $6.00. Calves receipts 1,000. Twenty-five centé We immediately notified the Minnea-! ad been offered by| Only, § I Best yer 15,000. Sheep receipts slow, steady to arce, Generally to good fat rlings 1 Fat lambs {weak, Sheep ‘stendy, Bulk medium | lambs’ $12 to $1 |... .. MINNEAPOLIS GRAIN | Minneapoli Dec, 14<-Wheat re- ceipts 316 cars qompared with 221 rars a yeur ago. h No. 1 north- Jern $1.10 528 to $1.12 6-8; No. 1 dark ‘northern spring choice to fancy $1.17 5-8 to $1.21 5-8; good to choice $1.13 ordinary to good December ; July $1.12 | Corn No, 3 yellow 63 to 63 1-2; joats No. 3 white, -8 to 39 7-8; barley 47 to 61 cents; rye No. 2, 64 5-8 to 65 1-8; No. 1, $2.44 to NSS Sa MINNEAPOLIS FLOUR Minneapolis, changed. 14. 4 Flour un- barrels. Dec. Shipments Receptive: Mood For Manager Job ice ¢. 14.--Clarence Row- land, a member of the | Ameri League staff of umpires last y is said to be in a recep- tive mood a major Téague man- agerial berth ‘ While Rowland did jvery well in his first year as an umpire, it is said he is far more partial to the job of manager It took him only a year to discover that there was far more glory, in a@tig a winner than being an efficient umpire. Had not Ty Cobb decided to take a whirl at man Rowland would with favor. Rowland, who came to the majors from ‘the bushes, had a fairly sue- cessful reer as manager of the White Sox Tle won a pennant and world, series, and honor much cher- ished by every manager. At present the only possible va- cancy in the American League is at Washington and it is understood that Owner Clarke Griffith looks with favor on a playing manager. ‘RELIEVED BOY'S COUGH Mrs, L. Van Belle, Pendroy, Mont., writes, “I like your Cough Medicine very well. My little boy, 6 years old, had a very bad cough and after using FOLEY'S HONEY AND TAR COMPOUND he secured relief.” For ughs,. colds and hoarseness there is no better remedy on the market today than FOLEY'S HONEY ‘AND TAR COMPOUND. It has stood the DR. R. S.. ENGE Chiropractor Consultation Free‘ Lucas Bik. Bismarck, N. D. ers and yearlings ld) ————————————— : ‘For the friend far away, for the folks lower considering improved quality. Best -lights to packers $8.00. Hog receipts 14,000. Steady to around 26 cents higher. » Averaging 50 cents higher, Better grades 140 to 250 pound averages $6.50 to $6.76. Bulk $6.65. to $6.75 Bulk packing. sows $6.00. Good pigs mostly $6.10. Sheep receipts 500. About s Good -native lambs ‘around $5. One deck.choice.106 pound fed ycarle. ing wethers $10.25, Small lot choiee 90-pound fed yearling ewes $9.00, Forty head 117-poynd ewes $7.00. \CHICAGO LIVE STOCK Chicago, ,Dec,. 14.—Hog receipts 29,000! Mostly 25 cents higher than Thursday's average, Top $7.25.° Cattle regeipts 5,000. Generally fat < market _semi-demorait Shipp r ing derend yr: Arrange for a sit- ting before - the busy winter sea- son starts. , r have probably been placed in charge of thd Detroit team us Owner Frank Navin is said to have looked on him | WEBB BROTHERS - “The Christmas Store’? \ Frilly, Feminine Wholly Charming Lingerie © SF Ee. You will find it a simple matter here, to select gifts that will capture féminine approval. Practical all of them—for most women insist upon utility even in the daintiest of their possessions. At the same time each gift embodies real beauty and rare distinction. DAINTY MISS DEBUTANTE SAYS: ‘ “PLEASE SANTA, PRETTY NIGHTIES” At all the houseparties she attends and in the visits she makes about the country, all her girl friends have beautiful Nighties and of course she wants them, tov ‘Why not let it be your card she finds in that Christmas package. Come in and sec our new Nighties. Priced at from $4.95 to. $16.50 SILK CHEMISES--A DAINTY GIFT CHERISHED BY EVERY WOMAN j Frilly silk ones with lace inserts and ri»bon bows will make delightful Christmi- | surprises. If you like someone very much and really want to please her on Christ are day you will be sure to put a silk Chemise down after her name on your gif ist. . Prices range from $4.95 io $9.50 GIFTS OF SILK VESTS AND KNICKERS IMPLY A DELIGHTFUL INTIMACY They are just the kind of gifts one wonian loves to receive from another. If you are making out your gift list for a circle of friends, don’t forget to choose th: thiags they are wishing for most! Our new silk vests and knickers of the finest glove silk are cut just right and come in ravishing shades of shell pink, orchid maize and peach blooms and are attractively finished. Prices range from 5 $2.48 to $5.75° test of time, serving three genera- tions. Get the genuine; refuse sub- stitutes, made of goods which buyers may ob- tain from stores in Germany or from Russia direct. Cumana, Venezuela, is the oldest English town on the South American mainland. SOVIET GOODS SHOWN IN| BERLIN Berlin, Dec. 14.—A permanent ex- jbibition of Russian products has |been opened in the rooms of the conimercial mission of the soviet re- public in this city. Exhibits are for aChild’s Welfare! Alwaug,includes SCOTTS . ‘MULSION in wy" THEATRE TONIGHT — FRIDAY and SATURDAY — \in his best feature since \ “The Spoilers” bun Fighter” “THE NCOVERED \ WAGON” and Stan Laurel’s Com- edy Special ; “Roughest Africa” YOU'LL HAVE A TO KEEP FROM LAUGHING. First the; lothes, his thi Tae hentai down ie het bath curtain and a'scow!l. The ! come off but what about the cartain the .cop takes up the chase? Also Showing. PATHE NEWS — AESOP -FABLE sone PODGE—“Speedville” TINEE EVERY DAY AT 2:89 PV he.