The Bismarck Tribune Newspaper, February 19, 1924, Page 3

THE BISMARCK TRIBUNE PAGE. THREE. WEBB BROTHERS “MERCHANDISE OF MERIT ONLY” - | Skirts and Sweaters JAUNTY SMARTNESS Current; Business Conditions . Vee ae By GEORGE E. ROBERTS / Nee > i f / a _(From Whe Bank Letter for FEBRUARY, Issued by The National City Bani of New York) * .. The trend of business in the first month of the new year has strength- ened the feeling of confidence which developed in the last two months of 123. In mid-Summer there were “. widespread misgivings that the state of industrial activity would ‘not last ‘ and according to the Railway “Age their total capital expenditures were The review estimates that on Jan- wary 1, 1922, the deficit in building expenditures gesulting from the war was $6,363,000,000, that thiy was re- duced in 1922 by $1,785,000,000, and in 1923 by $2,617,900,000, leaving a shortage on January 1, 1924, of $1,- influential upon sentiment that they make the: pace to which others «cu form. In neither case is there quite the necessity for activity il. there was a year ago, but in fot about $1,076,000,000. That part of their purchases of equipment which represented replacements would — be charged to maintenance and their ex- penditures under this heading were ~~ S k rf the year, but as the Fall | 960,935,000. The expenditure for | unusually large on account of the | cases the meeds are stil! abow season passed it became evident that | 1924 is estimated at $4,835,935,000 of | shopmen’s strike in 1922. normal. i business was well-sustained and pos- | which amount $3,125,000,000 will The equipment is now in good ‘Industrial Corporations are giv! sessed of staying-power able to carry | represent the normal requirements | order, and the roads are well supplied | evidence of there confidence in he ba it very much farther. The volume | for population growth, leaving an un- | with rolling stock, as shown by the | future by adopting. plans for ir of Fall business was somewhat di- | covered deficit at the end of the | prompt movement of the largest |e creasing their capacity. It was ‘co ; 7 minished by the unusually mild | year. volume of traffic even handled. It is | mon talk after the war that the sie \ \ weather, which affected the sale of Bradstreet’s reports go not estimate | not to be axpected that their expen- | industry had been expanded hevor | ; Clothing and shoes and played havoc with the bituminous coal industry, but ; g this influence rail- i road traffic was heavy up to the holi- and, excepting the scasonal in- | f Gres. 8, employment was but slight- affected. The average witily careings workers in New was $27.97, probable needs for ten years or mor but a number of the leading cm panies have been enlarging since the and the U. S. Stee! Corporation he - planned $15,000,000 of the capi.t expenditures in 1924 The very condition which is ths chief cause of wneasiness, the hy scale of industrial costs, like <h house rents, is a stimulys to sors the total operations” but give the building permits granted in the prin- cipal cities for ordinary house, office, ditures this year for the same pur- poses will be as large as last year, but they have a great amount of 5 CHARTS INDICATING BUILDING OPERATIONS Survey ‘ot Copper and Brass Research Association Ly Classification Total Per cet forms of industrial ree fF ‘Apartments ... seevomvimeenpasened $947,670,000 16.00% causing a most searching study > | wages, bet does not include names Churches ».. » 400,980,000 677 costs to be made and the instal’: trove ftom the pay rola, Howe Dwellings 710,750,000 12.00 tion of mach new cantpyien | there was no general reduction Hospitals cvsssscswsenessonsensosrtanseonserraneaey 450,015,000 7.60 the purpose of reducing thers j : i 3 oi working forces. ‘The Illinois De- | | Hotel® ansocoe- 643,820,000 1087 The papers from day to day a. You will fall in love with , % vattmest of Labor reports a consid- Industrial’ buildings ccmenemenemnnnnn — 748,065,0008 12.63 carrying announcements of mys | h x \ wrable influx of unemployed at Chi- Ofice buildings meeemmmmnemmn= $97,690,000 10.26 processes, some ot them of very them on sight. Never ‘ago from seasonal! jobs outside, such Public buildings 248,770,000 4.20 nificant importance. Ilydro-el i i ss road construction, but says that Schools 1,165,140,000 19.67 tric development going on al at have they been developed 1179 having on their pay Se unprecedented rate.but by no ee | in such flattering mater- ' tolls more than 40 per cent of ail Total seemserpemeenen 0 $5,922,900,000 tells the whole story of clectrica ials < on ; factory. sorkcy show a reduction in % development. Bilas than $7ea) ials and colors. December of fess than 1 per cent. thai i 000 of new capital was invest! i meals ‘of Labor at Weekingtan Bradstreet’e Report on Building Operations ‘ last year for additions to stea ‘er! Th s i Ski . . fathering Tepats from all parts of | ° Gain yearly hydro-eiectric pients, : . . | fee country for December, calculated Year e Total per cent. fines and the genera! eqit a c ¥ pring irts The Spring Sweater : Di spent in pemuer of employees O23) “<ccasecceseapsesessscoctenseectesrsbatossomsiiceee Sepia He ay distribution) while tabs total The vogue of the sweater makes at These new jacquette and slip-on manufacturing industries of 1.5 1922 cereees 929,603; ne, ment in the cent statio! s e ose ( i skirts SHA ARNCARA A : > aa ' fer ceat from November and 42 1921 sarmnoianamnumnncschierncndamnnse: 1,651,981,416 Inc. 15.6 country: BeoW nearly feast one oe these eed TE sweaters are just the thing. Following j aes 1920 Hihoeo ata i 2023 se Hee See velour, camels hair flannel or overs | the new vogue for sweaters the lines r ‘ industry, after depletin, 1919 sssscceoccessssssstanvortsasen 310,962,3 inc. 202.5 important new power » ca is hair, Ta y NAME Sees ; : ‘ aye mie sa Has ts order books over a period of 1918 csrcereneenaes wmemee 433,000,000 be completed in the State of Poun: \| woolens in wrap around, straight and 7 ve much longer than usual. They | veven or eight months, turned the sylvania before the end of, ea plaited styles. come in all of spring’s gayest colors. ; eapprbled bprivathd ei telat) Report on Building Operations from Five Cities oecrininenen ae pear | The prices beginning at The prices beginning at i ‘ben has been operating at 80 to 90 1923 1922 Fet. thin in 1913, and this is wagestce $6.95 $2.48 : ser cent of capacity with satisfactory New York $785,258,976 $603,742,425 30.1 of other developments under way ye dae wospects for the first half of the Chicago ssrmusnssoneennsennee 328,215,912 228,589,110 43.8 | year. The Matthew Addy Company Los Angeles~ marmmssmsaeene 200,133,581 121,206,857 65.2 Tax Reduction " lag af Cincinnati, reporting | upon "pig Detroit seumnnenon_ 129,723,165 eo cee pa Hi EME cr cuacea tarsal | i iron, week in Jan , Said. Philadelphia ... ~ nf Dab) 3 [he probability of a reduction o ; 4 5 3: 25 i in the pest Fai eke a AD ee Weis ~— 4 | taxation is one of the most stim DEBATE DATES fourth, $100; fifth, $50; Sixth, $25,| when you asked her for another H over business prospects with several Total above ewes $1,565,982,569 $1,174,349,097 33.3 lating prospects. ‘The progress .* rary | tnd seventh, The ‘winners’ ex- | month's rent : nundred foun en, _ malleable * Decrease. 6 the Mellon program in the lose BEING FIXED) penses to, the, midwest contest at] “On the contrary, old_man, it was makers and large users of iron. They : : Committee indicates that stpstantis’ s City will be pads cee | E whO was put out."—Chaparral, i all agree that the prospects for this reductions certainty will he le Fargo, Feb. 19—Fargo bas been | 4, ie is to peuaig) misk ae year are good. Even the makers of = : Bore tecoutepme | unons te antes named as the pluce for both a dis: | rity he of a charac “A WORLD BEATER” agricaltural implements feel that the (roe . schedules ig yet undetermined. trict and a state contest in a na- |. = a a * & y ef th tore and factory construction in the | work under contemplation, to be | ° . een i Abd RIGAICeOHLeat BANE: . | inte in and respect for the con — time of their long depression is over, ‘ast six years. ieee table) done if financial conniens will ete is’ precisely where the largest 's tional oratorical contest based on the | citation. High school students un-| “FOLEY'S Cough Medicine is a | The makers of railroad supplies have Five cities of the country report | mit. Some of the strong companies | t the business commun! : Ce ee | due 10 may, commer. ‘World Beater’ for speedy relief, been unusually prosperous and they | ex; enditures in excess of $100,000,- | have announced Repaie that have secured. ‘Mr. Mellon has foltoe.i «+ Rate diphischoolshasienrolediinlthe —— = cates fan An 3) “206 look for even more business this | 900, and these five cities show in- | been definitely adopted. Forecasts | his original argument for lower Syl ricticantectal winliuevncll Ave Avenue, Evansville, Ind. “Last. month j ’ year: ane automobile makers are | creases or decreases as compared | of capital expenditures are given by le he. vigorously eng sheet) ; aT a Bp eam i) | Bika? FIND STILL T was down with a severe cold, and A Preparing for a larger season than | with 1922. (see table) the Railway Age as follows: Atchi- | that he must have made *) Minot, Jamestown, Detroit, Wahpe- N STRAWSTACK | £ttizg wore. U bought a bottle of ) a ¢ ‘A little more than one-half of the | son, Topeka & Santa Fe, $79,000,000; | YeTy clear to most readers who ton, and Crookston. Winners of | I A | PoLEY's HONEY AND TAR COM- 1 _The United States Steel Corpora- | construction was in these five cities. | Pennsylvania, more than $50,000,000 : followed him, talk ae b pn these eight districts will compete at} _ —_ POUND, and the next night was well tion in 1923 had the year of largest | Theré was a falling off of permits | Illinois Central, $45,000,000; South: | [i¢ has supported him in a mau. Fargo for the State finals, April 25.| | Fargo, Feb. 19.—Federal prohibi- | and 0. K.” If you want @ quick. re- | putput and earnings since the war, | during the Summer but an increase | ern Pacific, $40,000,000; Norfolk & | that has made the (alle about (irop That winner, together with those | tion agents and local officials found | jighle remedy for coughs, colds and and after adding 25 cents a share to | in the last three months of the year, | Westers’ $15,000,000; ‘Erie $5,000. | *€anda_weaken perceptibly. from similar contests at St. Cloud,| a 10-galfon washboiler still in a" | i ourseness insist. upon FOLEY'S = the last quarterly dividend for that | which together with activity in new | 000,000. New York Central has car- |. he essence of the case is thatw> Mankato, St. Paul, Duluth, Water-| underground room, 10 by 4 feet, u™- | HONEY AND TAR COMPOUND. It year ventured to add SO cents for | operations gives strong promise of | ried over $18,000,000 of unfinished | Sevenues Now being coitected on “le town and Barron, will enter tho| der strawstack last Wednesday |1.5 ait the curative qualities of pine the first quarter of 1924, Both are | farge expenditures this year. Build- | work. 7 gie high incomes consist of capital tha” northwest finals dt St. Paul, May 9,| when they raided a farm near Flora, | (10 1a hone . classed as extras, but there is a good | in, recone awarded in 27 ‘vorth- Companies whose financial resour- | Would, serve the country more aoe uichmsevens cask rill ices] anon! county, aN) Dy saccp mine a) pirat ene : deal of confidence that they signify | eastern states in December, as re- | ces are not so certain are deterred fete) ie peg and ae Slzsn hand ktiednsvitiya tiers seeee 2 Fattartere He prohibition! Turd made from hogs fed fish a permanent advan - ‘ S aaa addition to is a much a tive chosen for the midwest contest | headquarters here. : aileontat anaes ig Be pA aRE Ee eke ee pelea Be WaDodae Comper: bs ne tieais of adverse legislation | amount of 11s made unavail- at Kansas City. The midwest cham. | ‘The farm of Frank Rumsey, near) teal contains a small amount of th maintained, and that the additional | December, 1922. Winter work is on | tures call for new money and’ the | able for new husiness enterprises by pion will ap before President | Sheve MDa was raided on F ish-olls, distribution would not have been | a larger scale than ever before. In companies rnust t th % blic beidigeeitsken) stone the. taxi excmp! LTR CGE (ROTC Gi) Ce | aa Lee peen eanieuiliwete made if the management had not be- | New York City wages in the build- Market iaith bonds or stocks for | °lass of investments. Tt is worse than Ree eae eae eon eee ir eee Rceedine He an OHEE GEDerE loved the general business outlook | ing trades have been advanced $0] sale. The congress of the United asiaree forthe: ei fenless SO patalpan(s aarshoqnonthwenminals le mt pppoe & 090000000054 a) Ay to be good. cents per day under an sgreement States bas. the power to limitithell ae iaainduelta income vaite ac: at St. Paul will receive: first. prize, Other Way "Round aut idii 5 running two years. uilding mate- | earnings of capital invested in rail- Vpeaataps . P Be, $1,000; second, $300; third, $200; | “Was your landlady — indignate | CAPITOL THEATRE Outlook for B 1g Operations rials are igo! lower shan in the | roads, but no power to compel the Potala eres pase oa aa . . | Spring of 1923. Over the country | investment of new capital in rail- | ° ‘ ath 3 ST 7 sHT ithe Inne fel om tobe Gsm tsp at ator. Krom | which tome menets of iat ody | df is cri Aad ve Finally found heaiti: ia Keliogg’s Bran MARY ALDEN y ginning in 1922 has been the great’ Py f f in such manner that it cannot 6 * a 2 uy —IN— q di contract it seems safe to predict that | If the railroads are let alone the - " * y 3 PSE nc reper ge building operations will be at about | prospect is for large expenditures ained erithout bese oet! he ‘ after suffer ing long with constipation 66 99 y P 2 A bey the capacity of the industry, at least | upon them, and these will be an Sree J a Dens Baial shes ical aeasati ‘3 dies is to be found in the restriction of ducing ther arst alk months ener ern ee | atory taxation, paid only by individ- Mr. Patch wriles that pation + itvan rly u cess , such work during the war, and high | CUrn& baste sitintion in the general | yas whose investments ‘are subjec Bran ‘solved his probiew. 1 ronie costs in the years immediately fol- Railroad Expenditures aven. to the risks of business, and act a7 solved the problem of coms ipaiie | cuise eeps, lowing. The/Copper and Brass Re- iat " a deterrent to new investments o mild) and chronie-—for thousiane's ''' Fox News - Comedy search Association has completed a | Next to house-building operations, General Business Expansion this character. It is unintelligent ¢2<- others. It has } : 8 2 elso has failed } is ALL bran. can be 100 per « Mr. Pateh’s lett Dear Sirs the railroads were the largest factor in the business revival of last year. They are estimated to have used 27 per_cent of the stee] manufactured, ‘urvey of such construction in 1923, ind sums up the result, divided ‘mong the different classes of build- ngs, (see table) ation from the standpoint of the public interest, because it takes orac- tically nothing except funds destined to become productive capital. The general run of business will be affected largely hy the outlays in these two lines, for building and STARTING TOMORROW Be On Hand CO-OP WHEAT 4 SALES PLAN IN N.D. IS URGED ' ii (Continueg from page 1) ~ size, color and grade and he knows, [resepres: that it is an infertile egg. Must Provide Pacing - “Second—We must provide for packing. What happens to your fine Minnesota creamery butter when it reaches the New York market? Is it old as first class, sweet cream, Min- nesota made butter? No, It is sold to a/broker, who in turn sells it to, oh, maybe a chain store owner, who takes it from the tubs in which you pack | it, pats it into-prints and sells it j under his own trade name. A co- , operative must sell its product under | its name, stand behind the quality | and ‘get the profit that some chain ygtoré now makes, “Third—We must recognize the factor of time and place in market- ing. We must make the period of | consumptive demand. In potatces, we must ship potatoes. as people need them for table and seed use, not when they are dug. “Fourth—We must not ( overlook the factor of expanding our mar- kets, because as a. cooperative makes a ph of farming profitable, it at- tract others to the industry. A co- operative owes it to its members to expand consumption as much’ as it can, partly to offset increased, pro- duction and partly to increase de- mand as much as if can to strength: en prices. What do you know about Xe demand for potatoes? Do you ow whether \Irish potatoes—Red ver valley potatoes—are popular in the south? Have you any way of finding out, except through channels which have no concern with the wel- fare of your business?,..Take prunes; why, the California prine growers discovered, through one-of its train- shipment conform to. the period of | ed specialists, that the city of Gal- veston was not eating nearly so many prunes as did Boston, so they set out to find out why. They found that down there in that hot country, prunes developed a worm in the hot months, and spoiled the prunes. Did they let it go at that? No, they began putting dried prunes in cans and now Galveston is. eating us many ; Prunes as does Boston. Must Control Flour “Fifth—We must be able to con- trol the flow of a commodity to market, It was a great day for farmers when, through their caoper- atives they learned to make a little addition to the story of the law of supply and demand. We have learn- ed to add a phrase, ‘where and when.’ “Sixth—Prices nyust be determined by the demand at the point of con- sumption, rather than -at fhe foint of production. Last year, there were hundreds of thousands of bushels of potatoes, in the ground, that never were dug because prices were made at the point of production, instead of at places where people were buy- ing their potatoes. Thus, potatees that never were dug were used to pound down the price of those thi you were able to dump on the mar- ket. You all recall that not 0 very long ago Henry Ford had a great surplus of cars on his hands 4nd was facing financial difficulties. What did he do? Call a lot of spe- culators and ask for bids, or put his. cars on, the ction block? Not. much, He tigre that there are 110,000,000 pe6pjeglin. the United States, 24,000,000 familigs, and that the ambition in every family was first for a boy, tM@n a girl and then a’Ford. So he sent to his dealers all over the country, this surplus of Fords, told them that unless they gold their quota, they no longer would be Ford agents. The result, to make a long story shorts was that the surplus was sold at pectitable prices and Ford was able to meet} Cattle receipts 12,000. his obligations to New York banks and thus escaped financial ruin. That is as fine an example of making prices at the point of consumption as we ever have seen. [MARKET NEWS | GRAIN PRIDES _ARESTRONGER Buying on Part of Bull Lead- ers Helps on Mart | “ Chicago, Feb: 19.-Grain prices’ scored an all aroynd advance during the early dealings. Buying on the part of bull leaders appeared to be chiefly responsible together with a luck of any aggressive selling.’ Pros- pects of a slowing down of the move- ment of the corn crop had a strength- ening influence on ajues. Wheat quo- tations which varied from unchanged figures to 1-4 cents lower witht May, $1.093-4 to $1.091-8 and July. $1.09 5-8 to $1.0934, were followed by an unknown all around to’ well above yesterday's finish. Subsequently bulls emphasized in- dications of a tariff increase, shrink- age of the visible supply and pessi- bility that the ‘next wheat crop would be smaller than the last. Prices closed firm, 5-8 to one’to 1 1-8 cents net higher, May $1.10 5-8 to $1.10 5-8 to 3-4 cents and July $1.10 5-8 to 3-4 to $1.10 3-4 cents. @ - CHICAGO. LIVESTOCK Chicago, Feb. 19.—Hog receipts 44,000. Fairly active, 10 to 15 cents higher. Top $7.40. Slow. Beef steers of value to sell at| $9.50. About steady. Others un- even, weak to 25 cents lower. Sheep receipts 12,000. Fairly active. Fat wooled lambs strong Sheep and feeding lambs around steady. Early bulk fat wooled lambs $14.50 to $15.25. SO. ST. PAUL LIVESTOCK So. St. Paul, Feb, 19:—Cattle _re- ceipts 2,000. Steady to strong. Little done on steers early, Top yearlings $9.00, Fed steer and yearlings $7.00 to $8.00.” Fat she-stock, active, $3.50 to $6.00, Better kinds up to $7.00 or more. Canners and cutters $2.50 to $3.25. Bologna bulls strong and active. Bulk $4.00 to $4.80. Stockers and feeders opening stfong, 25 cents higher: Bulk sales $4.75 to $6.00. Few up to $6.75. Calves receipts 3,900. Twenty-five to 50 cents high- er. Bulk to packers $8.75. Hog receipts 13,500. Fully 15 cents higher. Desirable mixed lights and butchers mostly $7.00. Light- weights $6.80 to $8.90. Choice heavy butchers held around $7.10, Packing sows $5.70 to $6.00. Pigs steady. Stock pigs mostly $5.50. Killers $5.75 to $6.00 or better. Sheep receipts 500, Around steady. Bidding $13.85 to $15.75 for good to choice fat lambs, One double choice- fed western late Monday $14.35. Feeders around $13.00 to $13.75. Best light and handweight fat ewes $8.50 to $9.007 MINNEAPOLIS GRAIN Minneapolis, Feb.” 19-—Wheat re- ceipts 221 cars’ compared with 116 cars a year ago. Cash No. 1 north- ern $1.15 3-4,to $1.19 3-4% No. 1 dark northern spring choice to fancy $1.23 8-4 to $1.29 8-4; good to chcice $1.19 to $1.22 3-4; ordinary to good $1.16 3-4 toi$1.19 3-4; May $1.15 3-4; July $1.16 7-8; September $1.16. Corn No. 8 yellow, 72 3-4 to 73 1-4 cents; oats No. 3 white, 44 3-4, to 45 cents; barley 64 to 65 cents; rye No. Neel 2, 54 7-8 to 55 1-8; flax No. 1, $2.56 2 to $2.61 MILL CITY FLOUR Minneapolis, Feb. 19.—Flour un- changed. Shipments 53,867 barrels. Bran $24.00 to $25.50. WHOLESALE PRODUCE (Furnished by Northern Produce Co.) | Cream—Butterfat per Ib. ........51 Eggs—Fresh, caiifled per doz.. Dressed Poultry No. 1 D. P. Young. Tom turkeys per Ib. . tee No, 1 D. P. No. 1 Ducks-per Ib. . No, 1 Geese per lb ... No. 1 turkeys, per’ lb. et Live Poultry Hens 4 Ibs. each and over per Ib. Hens under 4 Ibs. each, per Ib. Springs, per 1b.. Cocks and stags, pe Ducks, per Ib. .. Geese, per Ib. wT 13 08 BISMARCK GRAIN (Furnished by Russell-Miller Cc.) Bismarck, Feb. 19, 1924. No. 1 dark northern . No. 1 northern spring No. 1 amber durum No. 1 mixed ‘durum .. No, 1 red durum * $1.07 + 103 a 84 82 - 18 No. 1 flax ..... 2.30 No, 2 flax . 2.25 No. 1 rye ..... Hee ener) We quote but7do not handle the following: : Oats oe aoe 83 Barley 44 Speltz, per cwt .... staie NEW. SHELL CORN No. 2 yellow 56 |b test .... No, 4 yellow 55 4b-test ...:... No. 3 white and mixed 56 Ib test No. 4 white and’ mixed 55 Ib test .51 lc per pound discount under 55 lbs. Ear Corn (72 lbs in Minnesota) 5c under shell. ‘ Tribune Want Ads Bring Results. —TO SEE— _ BABY PEGGY IN HER FIRST BIG PICTURE ny { bled, is mado in alas. \s ol by the le: CE consti Ub is colt by » cooked and krum- ttle Creck i severe, TONIGHT — TUESDAY MATINEE EVERY DAY AT 2:30 Richard Barthelmess Ea ergy ER ‘TWENTY-ONE’ PATHE NEWS And a Riproaring, Highgear Mermaid Comedy Entitled “BACK FIRE” WEDNESDAY and THURSDAY — Douglas Fairbanks, Jr. and Theodore Roberts in “Stephen Steps Out” And a Chronicles of America Story CARL LAEMMLE presents * “The Darling | of New York” “ 99, A gripping drama with moments “VINCENNES [that will hold you with their ten- ——o——_. sity and sensational interest; sur- prising entertainment and a tiny darling that. will capture your __ SPECIAL MATINEE FOR THE CHILDREN ar WEDNESDAY AT 40’CLOC =