The Bismarck Tribune Newspaper, June 27, 1924, Page 8

—-_ we ret 7 PAGE EIGHT BANKING AND CREDIT GAIN INNORTHWEST ederal Reserve Bank Reports Gain of Considerable Potential Strength MID-SUMMER DULLN SS Condition Experienced Dur- ing Past Month in Many Parts of District lis, Jun erve district Minne. federal The Ninth} is experien cing a period known as “mid summer dullness,” according to the mfthly | report issued by the Federal Reserve Bank of Minneapolis, for its district.| The activity and votume of business, | however, is better than a month pre-| vious, the report said. A lessening of marketing of agricultural products | and late spring activity on farms were deterrent factors Mid-sum dullness, advanced by sixty days, characterizes current] business in this district. Measured by bank debits, the activity and vol-| ume of business appears to be slight-| ly better than a month ago, but poorer than a year “go, Marketing | of agricultural products, late spring] activity on farms, and financing prob- | ably account for this improvement! since merchandising, manufactuting, and city employment conditions all show declines in May. Grains Moving Grains have moved to market in larger volume, except wheat, and all terminal stocks were heavily re- duced. This, coupled with the crop outlook, has improved wheat prices. On the other hand, livestock prices have changed little, although the} heavy receipts of hogs prevailing for| some months past are now tapering off, and receipts of calves are some- what curtailed. Merchandising at wholesale has been much depressed, except for farm implement sales, Retail department | store sales have not been sufficient | to move stocks normally and hand- to-mouth buying results. However, rural buying has shown some in- crease but even this is not fully up to the normal increase customary for this season, nor on a level with a year ago. Manufacturing, with the exception of flour, shows the same decline as in merchandising. Mining output, how- ever, has been maintained. Lake shipments apparently are much out of balance, when compared with last! year, owing to a larger down lake movement of grains, flour and lum- ber and a great reduction in the up- lake movement of coal, Building Activity Prospective building activity, as shown by the permits issued, about one-fifth poorer than a year ago. However, there was an im- provement over last month in the valuation, although not in the num- ber of permits. Residential rents are reported as declining in import- ant cities of this district, indicating either that new building in recent months has overtaken the demand for housing, or that the present pro- nounced increase in unemployment has begun to have its usual effect. Banking and credit conditions on . the average in this district, have ac- quired considerably greater poten- tial strength during the six week period ending at the middle of June. Reports from 25 selected member banks in the larger cities show a loan decline of 5 millions, coupled with a demand deposits ‘increase of 71-2 millions, Federal reserve bank loans, meanwhile, were practically un- changed and Federal reserve notes issued early in May for depositors’ nreeus. had begun to return in sub- stantial quantity during the first three weeks of June. Crop conditions in general were favorable on June 1 throughout the Ninth Federal Reserve District, Dur- ing the first two weeks of June suffi cient moisture fell to supply the crops in most sections with all the moisture needed for some time. All the crops are backward, but the sea- son has favored the development of root systems and stooling of small grains. Weed growths have been ge- tarded also, which will give the crops @ good start on them this year. Planting Completed Practically all planting was com- pleted by June 15, except flax and corn at some northern points where climatic conditions have been par- ticularly unfavorable. There was less than normal abandonment of, the winter grains, which has resulted in an upward movement of the average tilled acreage per farm and per farm- er. There was an excess of available farm labor on June 1 in practically all sections of the district. Farmers in Minnesota, North Da- kota, South Dakota and Montana | BURLEIGH COUNTY VOTE FOR CONGRESS Hall Long Lake Wild Rose ... Morton Tolfer Missouri Fort Rice Lincoln ........ Apple Creek .. Boyd Logan Taft Thelma Driscoll Sterling McKenzie Menoken Gibbs Hay Creek Riverview Burnt Creek Naughton. Christiania Clear Lake Lein Lyman Trygg Cromwell Crofte Glenview Painted Eeklund Ghylin Rock Hill Wing Village Harriett Phoenix Richmond Canfield Estherville s Lake Wilson Steiber Summit . Florence Lake Hazel Grove Vv. of Regan So. Wilton Wing Woods 80 FISHER HEADS | N. D. BANKERS FOR NEW YEAR Devils Lake Man Is Elected at Annual Convention Held in Fargo eS Fargo, June 27—Blanding Fisher of Devils Lake, president of the Ramsey county National Bank, was elected president of the North Da- kota Bankers’ Association, preceding adjournment of the 22nd annual con- vention today. Ed, Pierce of Shel- don was chosen vice-president, and the treasurer will be selected at a meeting of the executive committee this afternoon, Resolutions were adopted pledg- ing support to all intelligent effort to develop agriculture, approving of legislation which seeks to limit branch banking to those states in which it is now practiced opposing laws providing for tax exemption of public securities, pledging North Dakota Association, condemning movements which seek to lessen the authority of the United States Su- preme Court and to enact unconsti- tutional proposals and opposing at- tempts to bond the state for the purpose of paying the debts of its banking institutions. NO BODIES IN WRECK OF N. P Everything Possible Done, Says Superintendent The cars in the wreck east of Bis- marck have been moved from the ditch, as well as the cars that were under the coal, and everything has been done that can be done to ascer- tain whether any bodies are buried in the wreck but none have been found, according to a telegram re- ceived from W. E. Berner, of Jam town, superintendent of this divis- ion on the N. P. The head brakeman was over the train before the accident, Mr, Wer- ner said, and Loomis, the man who suffered a broken leg in the wreck, stated to the sheriff that he had seen no other men on the train. bodies in the wreckage,” Mr. stated in his message. Besides the wrecking crew from the railroad, the sheriff's office had a man supervising the work all the time. HELD AFTER . Berner have reserved nearly two million more acres for corn, flax, potatoes and tame hay in 1924 than in 1923, providing approximately the same proportion of plow lands are cropped in 1924 as were cropped last year. The United States Department of Ag- riculture estimates, prepared by the Agricultural Statisticians in each state, indicate that there are 600,000 less acres of rye tha na year ago, a reduction of nearly 23 per cent, and 11-2 million less acres of spring wheat, a reduction of 140,000 acres in barley, and a similar increase in oats, together with a small increase ‘of 20,000 acres in winter wheat, ac- counts for 300,000 acres of the re- duction in spring wheat and rye, leaving 1,800,000 acres additional to Jast year for crops the acreages of whieh have not yet been reported. These crops are corn, potatoes, flax and tame hay. A large proportion of the’ expected increased flax plantings will probably be on new ground, which will further i the are to be planted .to these four crops. "Pastures were short and hay pras- pects have suffered from the:lack of moisture during May, and the cool weather. T' June 1 condition of tame hay was sevegal points below ash asin CAR CRASH Fargo Man Charged With Manslaughter Fargo, N. D., June 27.—Andrew Vlahos, or Andrew Viahopoulos, as he also is knownj held reaponsible Tharsdey by a coroner's jury, for the death Mrs. May Wagner in an automobile accident Wednesday at ternoon, when his car crashed into an electric light pole at Tenth street and First Avenue N, surrendered to gids police Thursday night. warrant charging Viahos with eel degree manslaughter, was is- sued Tharsday afternoon, after the coroner’s jugy returned its verdict, on complaint of H. F. Horner, Cas: county ney. A city warrant, charging Vishos with violatifg aecity traffic ordinance, was issued earlier in the day. Vlahos was hunted all day Thurs- tay by the authorities. He could not be found, however, and resident» in the neighborhood of 617 Fourth street N. where Viahos Ived, re- ported he had not come home since Sherman “We are certain that there are noj FOR GOVERNOR Williams Sorlie 49 13 15 » Moe 20 18 6 8 34 12° 26 46 14 19 54 33 49 4l 27 47 4 65 13 31 at 38 19 17 22 12 22 3 3 90 4 29 3 shortly after the accident Wednes- dey At 7:30 p. m. Thursday, Viahos ap- peared voluntarily, at police head- quarters. He was immediately plac- ed under arrest, and was)arraigned before Justice J..K. Bingham, Vla- hos’s bond was set at $2,000, in de- feult of which he was committed to | the Cass county jail. GIDEONS WILL BANQUET HERE Mayor Smart of Minot Will Be Presiding Officer The local unit of Gideons is spon- soring a banquet to be held in the Grand Pacific Saturday, June 23, at 7, to which everyone interested in the Gideons and their work are in- vited. Mayor Smart of Minot and Gover-| < nor Nestos will be the chief speak- ers at the banquet, while music will be provided by a male chorus of men in the city. The speakers will aid ‘in familiarizing thoye present with the work of the Gideons, which is at present the task of bibling the state! of North Dakota, Nineteen thousand bibles will be needed to complete the work, and the Gideons ‘plan to do this during the month of June. Two carloads of the bibles will start from New York, covered with placards adver- tising the fact that they will be placed in the hotel of North Dakota. Presiding at the banquet will be A. L. Bishop, state president. A committee consisting of H. G. Schwan- tes, vice-president of Gideons, Wil- liam Schwartz of New Salem, Henry Halvorson, and William Noggle all of this city, are in charge of arrange- ments for the banquet. The Ministerial association, with Dr. S. F, Halfyard as president, are backing the Gideons in their wor! They have called a meeting for this afternoon to outline a course of ac- tion in assisting-the local unit. the average, but the clovers and al- falfa were in slightly better condi- tion than the grasses. Cook by Electricity. It is Cheaper. CETWA wewmue 6 wiser sewiererewes faba abeslite a bee THE BISMARCK TRIBUNE DISABLED VET MAKING GOOD OUT ON FARM ; One Near Bemidji, Minnesota, Is Reported to be Getting Along Well Many disabled veterans, when they came out of the army and realized |that they had no definite place in |the industrial life of the country set about making a place for themselves, in true pioneer spirit. With a de- sire for independence aroused in them, the idea of working for some one else met with little favor. They wanted to be “on their ow Hundreds of such men, with phy- sical disabilities incurred in the military service, are being helped back into economic independence by the U. S. Veterans Bureau in two specific w They are being given systematic instruction in agriculture by a corps of traveling instructors who teach each man on his own little farm, all the essentials of scientific agriculture, and also by granting each one a monthly maintenance al lowance, ranging from $80 to $170 a month, according to the number and relationship of his dependents, dur- ing his period of training. Because of space limitations it will be possible to mention only three instances of what they are doing. One man bought a 40 acre farm, on a good road, only a few miles from Bemidji, Minnesota, When purchased, this place had eight acres under cultivation, a comfortable house, a well, a new barn, a poultry house, and a garden with a number of small fruit trees, The financial support of a local and this semi-improved farm was bought under a contract for a deed. This man showed sdund judgment in selecting his farm, has met every financial obligation promptly, erates well with his instructors, and does his farm work so well can be scored 100 percent every month. His poultry and cows are already producing him a nice month- ly revenue. Another man, near Pinewood, Min- nesota, began his operations on al piece of wild land. This he is clear- ing with his own hands, doing his own stump blasting, burning, plow- ing, planting, and harvesting. He has built a comfortable house, a good barn and out-buildings, all within the space of two ical disability, but his ultimate cess is certain because he takes good care of his health, his other resources. In short, while developing his farm in the pioneer way, we find a well balanced man upon what will be a well balanced farm. Already this man has a con- siderable income from his poultry} and other products. Still another man, ambitious and adventurous located in northern Minnesota, near the Canadian bor- der. He bought 120 acres of ‘land, with fifty acres broken, He most of his own furniture, married a pioneer girl, and set himself to the task of developing a farm. He has opened up 40 additional acres, built) a barn and ,poultry house, senlarged! his dwelling house, fended jthe land, and bought some cows. Pros- perity reigns, and the patter of lit- tle feet is heard. The place is now a real home. Responsibility rests upon him, and opportunity beckons. The Veterans Bureau traveling in: structor is frequently at hand to help him with his difficulties. These DAY TOUR THE ORIENT JAPAN CHINA Did your furniture cost money? And have you protect- ed it with insurance so that a fire can not sweep away all the time and la- bor it represents? Adequate _ihsurance means taking care to safeguard the Posses- sions for which you orig- inally spent. large sums of money. It makes your home a permanent in- vestment, because disas- ter.can not sweep away the money, you have put into it. ‘The advice of thy agency has saved many a property owner from low, Why not let'us help you, toot MURPHY “The i he Knows MANILA A wonderful honeymoon trip. A vacation of vacations. An education. Buster information from loca) steamship agents or H. M. Tait, 611-2nd Avenue, South, Minneapolis, Minn.’ ty ‘e WT SPANS THE WORLD ‘hat he! as he does| made| instances might be multi-: bank was secured j 1 co-op- | plied. These plucky veterans are “carrying on” as successfully in peace pursuits as they did in their war duties. ‘SEC, MELLON ON STAND | Testimony Fails to Implicate Him in Liquor Sales New York, June 27.—With And- rew W. Mellon, secretary of the 'treasury, on the witness stand, | summoned ‘by the defense in the {department of justice agent, and j kis secretary, Elmer Jarncke, charged with violating the prohi- bition law, counsel for Means to- ay failed in an attempt to show that Means was dismissed because he exposed an illegal withdrawal of whisky from a distillery in Pittsburgh, partly owned by Mr. Mellon. Secretary Mellon admitted that he once had owned an interest in | the Overholt distillery but said that ‘his first knowledge of Means’ in- vestigation of the distillery come when he read the testimony {given before the senate committee. 'Mr. Mellon added that the distil lery company since had been liqui- at the end of the M. K. M. in the west. ; trial of Gaston B. Means, former’ had) SALE OF LADIES FOOTWEAR In our new Ladies’ Shoe Department, where nothing but the Highest Grade of Ladies’ Footwear is Sold, we offer for your approval about 150 pair of this seasons Pumps in Straps and Fancy Cut-Outs at greatly reduced prices. We have selected Shoes which we sold from $9.00 to $12.00 and are placing A special price on them for quick clearance of — $5.95 All sizes in this Lot 314 to 9 in AAA—AA—A—B—C, This Sale now on and will continue util this lot is disposed of. — SEE OUR WINDOWS——## ALEX ROSEN & BROTHER “The Men’s Clothes Shop” dated and that he now had to con- nection with it. To questions as to whether forg- ed permits for withdrawal of 42,000 gallons of whisky from the distil- lery had been deposited by a man named Goodman ag collateral for a loan from the Mellon National Bank of Pittsburgh, in which the secretary is interested, Mr. Mellon replied that this was not true. HAGEN VICTOR IN GOLF PLAY Hoy Lake, June 27, (By the A. P.) —Walter Hagen, star American pro- fessional, won the British open golf championship here today. Hagen captured the title by a single stroke with an aggregate of 301 for the inst 302 made by E. R, Whitcomb she British professional performer. PLAN ALL-METAL PLANES London, June 27.—Winged ships metal, with staunch — sea-going hulls, are being evolved by British aircraft expéits. Refueling in mid- air from airplane tankers; by means of flexible tube devices albo is to be deve'oned an the new air boats. ot There aré yore than 60,000 autos in the Province of Quebec. JULY 3-4-5 Killdeer Montain Rouhdup, 135 miles west of Mandan trail, right where the west gets good, 500 actually wild horses and long horned cattle, 100 cow-! -boys and cow-girls that are the best Let ’em buck and Hook ’em cow. . 7 —Free Camp Ground—— CARS PARKED FREE — LET’S GO ROOFS THAT WON’T BLOW OFF Pitch & Gravel Asphalt Built Up CORNICE — SKYLIGHTS ROOFS VENTILATORS We can give immediate service. MINNEAPOLIS ROOFING & CORNICE COMPANY 1301 Central Avenue Minneapoljs, Minnesota FOLLOWING READY-TO-WEAR STORES AND DEPARTMENT STORES WILL CLOSE. THEIR PLACES OF BUSINESS-ON SATURDAY NIGHTS AT .6 P. M. BEGINNING THIS WEEK, JUNE 28TH CONTINUING TO SEPT. iST. WEBB BROS. A. W. LUCAS: CO. ROSE SHOP. SARAH GOLD SHOP HARRIS-ROBERTSON BISMARCK CLOAK SHOP aS aE a 72 holes of medal play |” i 1924 “TF” MONEY Money kept at home or in your pocket is IF money. . It will be useful some day IF it isn’t lost or IF the house doesn’t burn down in the meantime. Remove the IF by banking your money promptly at the strong City National Bank where you know it will be safe, and where all or any part of it will be ready when needed. City NATIONAL BISMARCK, NO. DAKOTA » P.C, Remington, President, J. A. Graham, Vice President and Cashier. C. M. Schmierer, Assistant. Cashier. DOG'S HEAD SPECIAL POSITIVELY The Best Malt Drink in America TRY IT—YOU’LL BE PLEASANTLY SURPRISED. Order it by the case from your dealer. If he cannot supply you then write or phone vod The Mandan Beverage Co. Distributors, Re eee ee UT TIMI UL un UL _ Mandan, N. D. Phone 337 Price $5.50 per case delivered to your home with refund of $}.50 upon return of case and bottles. LAKE ISABEL CLUB HOUSE For rent by day or week. Completely furnished this spring for ten people. Row boat included. Sand bathing beach. * §.'W. CORWIN BISMARCK, N. D. , pea sina asa Seca ets