The Bismarck Tribune Newspaper, April 22, 1925, Page 6

Pp a AGE SIX ~ A | a The most notable feature of the business situation in the past month was the setback of bull speculation in grain and stocks. Outside of the In parties immediately concerned, in- Cc jterest centers in whether or not {the break in prices is significant of K. ‘conditions unfavorable to general M ‘business. Does the decline in grain ‘Ts ‘prices mean that the outlook for M farm products in the coming year is less promising than it had ap- © eared, or the decline in stocks mean that a change is impending @ which will affect the earnings of the corporations? We do not believe that either of these inferences is correct. “In our opinion the explanation of the @ break in each case is to be found in the weakness which inevitably develops in a market situation as @ the result of a prolonged period of rising prices. A rising market creates constantly widening interest and attracts an increasing number of speculators, whose purchases tend to carry it higher. Most of this buy- ing is done on margins, and it is ustially the case that the longer the rise continue I gins becom basis of torther pyramid of 1 1 ° market, whe on short, risir are § farming « J ‘ } ee est amon! f i _ expected | or ale a very 2 ¢ ema while the + ‘ as easyoa 8s acnins ywhen t A ment comes, f 1 tion of tn + The Prices r sentiment, an i one timent wancs, ov a pty lerar selling orders 4 other way. . is amid affair, ai anything, ' prices downward, it is inevitabie that the weakly-margined holdings will be sold, and the weight of such offerings a S$ as prices fall, Moreover, buyers hold off, confidence is shaken, and without support the market breaks heavily. Of course this culmination is likely to occur as prices reach the level ‘at which conservative persons be- gin to sell out and retire, but it may be delayed for a time by fresh recruits to the ranks of the buyers, or there may be sharp reactions from the same cause from time to time in the course of a continued ‘vance. Always, however, a price- * ation which has been reached by onged advance and is sustained a large expansion of credit is inherently weak. The prices of farm products will be determined mainly by the size of the crops, which are yet to be made, but it is certain that the carry-over of supplies into the new creo year will be uniformly below the average. This assured fact is the best antidote for pessimism about the general business situation. Business is not going to be poor in the United States if the farmers are well remunerated for their sea- son’s labor and nothing has oc- curred as yet to indicate that this will. not be the case. On the con- trary the developments of recent COMMISSIONER’ There no meeting on this date as there was no quorum pres- jent. April 7th, 1925 Board of County to The Commi: ioner Swan- s named Chairman pro-te motion the following bilis {subject to personal taxes due or delinquent: A.B. Grotch are of Victor *y -$ 40.00 raining nts Dak ining, Care of Delinquents eHarold Shaft, Instruction ¢,, to Jury 571.06 146.04 81.50 Supt. Board of rs Beene) 85100 Missouri-Kansas Chem, Corp., Supplies . + 30.00 t Garpenter ‘Lbr. | Co. ‘Supplies om dua er is Clerk of Cou c a panty Board Witness Ow. 2 via sanity Board ¢ c Clock Rent- obits 4ucay Western Union, 4 11.25 166.03 2:00 25.00 6.60 17.45 168.30 Wysins Lig. Coal” “Co), aahburn Lig. Coa bi Goal ep M. Kate WwW ity Board .. . atMrs. Aion Hedstivw, Jail- plies’. . Ig Bismarck Tribune Co., ueg- al Publications .. * Ecklund ‘Township, Supplie , for the Poor ............ Albin Hedstrom, Box rent. Herman Gierke, Bridge 9 Work -.... i Albin Hedstrom, Board and Guarding Prisoners . Supplies 171.75 76,30 20.00 30.00 21y48) Mike N Bel pelea nt.. Water Bell Tel. Co., Rental ry Miller, Bridge Work Ww. as Co., Supplics é a ay Patra] 3) CURRENT BUSINESS CONDITIONS By GEORGE E. ROBERTS : From The Monthly Bank Letter for April Issued by The National City Bank of New York months have been favorable upon this point. The Wheat Situation The wheat situation is stati cally strong, although it is not yet demonstrated that $2 per bushel was justified, The Government re- port on March 1 makes the stocks in the country ‘about 50 million bushels less than on March 1, 1924, Allowing exports, domestic con- sumption, and seed requirements to be the same as last year, the Gov- ernment estimates that the carry- over July 1 will be 51 million bushels against 101 million last year. This would be a very low carry-over but it is possible because the far- ee holdings are lower than us- ual. Although last year’s ‘crop was a large one—75,000,000 bushels larger than that of the previous year—the farmers were sold out more com- pletely on March Ist than has been the case in the last twenty-years, excepting the war years. It is note- worthy that the farmers sold on a rising market, which began to go up before any of the crop was harvested, reached the peak in January and was at $2 per bushel , {on March Ist, when they were’ sold down alaost to their requirements for sced. The movement was an exceptionally rapid one, perhaps ac- celoratel in some degree by the ad- ive of the political leaders who re- presented that the rise was due. to \\all Street manipulation to elect ' vocrts from Argentina and An re very heavy and there are no dependable figures for Eur- .s. These are the un- ents in the situation, crop is now only inonths off. The theory of the bulls has been that tic ship-nents would soon ne and t the United States I Canada would have to supply eds the importing coun- jor the remainder of the sea- ports through- 24 were 65,- tshels per month, How much Enrope has in stock nobody scemns to know, but there are only ten or twelve more weeks until new. wheat will begin to come to market in the United States. This is the overshadowing fact that tries the stamina of wheat-holders, des- pite their figures. With the situation on the old crop as it is, the prospects for the new crop become a factor in present prices. The winter wheat crop in the southwest has been reported suffering from drought, and reports of rain are said to have been one factor in the price decline. No sub- stantial relief has come as yet. The Department of Agriculture esti- mates a probable increase of about 14 per cent in the Spring wheat area, which however would mean only about 30,000,000 to 35,000,000 bush- els, 2 Readjustments in Process w, he corn and hog situation has illustrated the natural play of eco- nomic forces over several years. In 1921-22, corn, under the influence of several large crops and a limited demand for feeding purposes, was depressed and hogs were profitable. This stimulated hog production, which was carried too far, slaught- erings passing all previous records in 1923 and 1924. Prices gave way under the load, the farmers applied the ‘corrective, sending sows to slaughter in such numbers that the 5 PROCEEDINGS edstrom, ralia thre out th {059,000 Mileage & State Bonding Fund, Premi- m on Bond: marck Tribune Co., . Laut, Witne Board... Labor Nelson, & Sup- Rupp, Witne Board Maintenance ......... Burroughs Add. Meh Serv! Rendered Add. Mch Rendered dd. 4 Services Rendered Madge Runey, Box Postage Hughes |‘ Blectri Harris & Wood man: her, Filing Fees in Clerk of Court Office .. Humphrey's & Rent, E. Physician . Walker, Road Work r r Juyor Fees’. ~ 3913.95 ‘Treasurer, Kk 50.00 e 00 Mary. Spriggs, Pension... AL W. Eckiuna, Moth 24.00 Analysis + | 55.00 County Treasurer, Witnes: fees Dist. Court ... + 107.50 Clara Waigren, * Pension . 30,00 Larsen, 20.00 50,00 64.00 County Tri ti 31.68 Anna DeRoncey, crop of pigs in the Fall of 1924 fell off about 22 per cent. The short corn crop of 1924 caused the marketing of immature animals, and although hog prices began to rise last Summer heavy reccipts retard- ed the movement, The past month, however, the scarcity resulting from premature marketing and re- stricted breeding appeared, and hogs rose about $4 per hundred weight. Only 147,000 hogs were received on the Chicago market in the weck ended March 14, against 206,000 in the corresponding weck last year. Sales are now averaging about $14 per hundred weight in Chicago, as against about one-half that one year ago. Hogs are on a profitable basis and yield high prices for corn, but there is danger that there will not be hogs enough to consume the corn supply. Thus over and over again the lesson is driven home that the law of supply and demand governs, and that it is part of the producer’s task to keep production properly balanced. If h@cannot do it, no- body can. Cattle were unfavorable affected in 1923-24 by the low prices for hogs and the depression was pro- longed by the short corn crop, which discouraged feeding opera- tions. In recent months the cattle markets have shown improvement, and the opinion prevails that this year will bring better prices to the cattle industry. One good sign is better prices for hides, resulting from the depletion of the excessive stocks of hides and leather held in 1920, Another is better reports from breeders gen- erally, as collected by the Breed- er's Gazette, of reviving sales of breeding animals, It is a deplorable fact that recov- ery has been so long delayed that few cattle-men who were heavily in- volved have been able to survive the ordeal, but the industry undoubt- edly is on the up-grade. The Sheep Industry On the other hand a graphic ac- count of conditions in the sheep in- dustry is given in the following extract from a recent letter written by Mr. G, H. Butler, vice president f the Western Live Stock and Loan Company of Salt Lake City: Sheep are at a great premium. The market is a little high, but this fact is offset by the tremend- ous shortage. Lambs yet unborn are being contracted as high as twelve cents a pound for Octo- ber delivery. Ewe lambs fed over the present winter, to be deliv- ered on the ranges in the spring, trade for as high as Thirteen Fifty with their wool upon their backs. There is nothing in sheep from an unborn lamb to a toothless, old “Dollie” that 4s not eagerly sought, and a large percentage of this trading stuff have their future homes all planned out for months ahead. For weeks the fat Chica- go lamb has held steady around eighteen cents a pound. In the West young breeding ewes sold in December at Fifteen Dollars. As the cropping season approaches, the price naturally stiffens. The secret of the extreme bouy- ancy of sheep is the demand for mutton products. The great bulk of the coming crop of wool has been contracted at prices rising steadily from forty to fifty cents. The statistic position of wool throughout the world is favorable to wool. Dealers in wool ard feed- ers of lambs this season will make pnsion ...4. 36.00 J ‘low, Ventilator . 7.00 M O'Connor-Assign Co. days registration 4.00 Transcript 15,00 Bailiff Sees paces seserees A11,00 Ethel Kensrud, Mother's Pension ainist 40 outa) 40.00 Clara Peterson, Mother’ ion oe . 30.00 Rorebeck, Mother's on Somes: y, 20:00) 50.00 12.00 11. 16.44 11.25 11.2 5 16.17 Upon motion the bids for print- inks per advertisement were or- dered opened and read. fame Number Valter Durant ‘26996 Aaron Christopher 27102 Joe Augustrum 27460 eorge Dohn 27358 TR Renson J. R. Mallott Cow. screster iu Ward y. 1. Anderson White, Wright taner ein Hartman y. Block Hartung fam A. Lunderling Wm. Broderick Russell Bryan Wige Stephen ‘Ratt Chas. A. Robinson Albert. Miller, Gust Reinheiler A. 1. Aylmer Peter E. Olson Albert Jauke Dolk James Teathout Chas. Colburn Mort. Colton Ww. P RM: John Rickola John Sha Clary Chappell John Matson . V._ Pomeroy Joe. Mathews GP. Harrington T. Ryan Maderos Askelian Chea, Lanner J..3. Ochsner olun? wathead aepsion ee Bensl Dor os Mother's pares Gia 35.00 bai: 45,06)" Jake Herman we Rraree ct cant euRe: ‘lerk. 0 o Nected dtl ng such handsome profits that the |4 cents per pound higher than one demand in the coming wecks is going to be well-nigh insatiable. The object of the grower, now that his wool is being readily coh- tracted and his lambs could be at the slightest nod of his ‘Head, is so to handle his flocks as to get the maximum quantity of each, While the shcep industry seems assured of a good position for sev- eral years to come, it is not out of place to refer, to the plight of the cattle-growers resulting from too much indebtedness. A gradual in-, crease of the flocks is to he desired, but the position of the! industry would be weakened by running yp prices and increasing the body of indebtedness against it. This coun- try produces only about one-half the amount of wool it consumes and many states might profiatbly in- crease their flocks of sheep, but it should be done without undue stim- ulus. The Horse Association of Ameri- ca, Union Stock Yards, Chicago, reports active bidding at recent 8 of heavy draft horses and. mules. Work horses under 1,500 pounds cannot be sold at prices remuner- ative to the breeder, and there is no prospect of improvement for this class. ss Live Stock Statistics In a recent address, Mr. A. Dy White, of Chicago, representing the American Meat Packers’ Institute, made the following statement: ~ “In 1885 we had the interesting coincidence, that while our hu- man population .was about 60,000;- 000, the number of cattle was about 60,000,000, the number of sheep approximately 60,000,000, | Minnesota and the number of hogs also about 60,000,000. That is, there was a stecr, a sheep, and a hog for ev- ery man, woman and child in the country. On January 1 of the Present year there was one steer and one hog for each two inhab- itants and one sheep for each three persons, “Leaving exports out of the question and taking the figures just given at their face value, we have today, for every person in year ago. i Some ..jdea of what the up-to-date cow is doing is afforded by the fol- lowing: 4 Sumner, Ia, March 10.—Ida Mercedes Walker Segis girl, pure- bred Holstein cow, finished a rec- ord Feb. 21 of 1,035.7 pounds of butter and 23,749.4 pounds of milk 365 days on test. She averaged eight gallons of milk and 2,84 pounds of butter every day on test. At 8 cents a quart for milk her product was worth $886.64. Her feed bill was $181. Of course that only shows what can be done, and it is not 4 fair criterion of ordinary performance, But the report of the United States Tariff Commission which has been investigating the cost of producing butter in Denmark, for the pur- pose of determining whether the farmers of this country need more than 8 cents per pound tariff pro- tection against the farmers of that country, shows that the average a- mount of milk produced per cow ‘on farms included in the farm cost investigation in| Denmark was 6,628 pounds in 1921-22 and 6,590 pounds in 1922-23. The butter production for these farms was 268 pounds per cow in the year 1921-22 and 270 jin tha year 1923-24. The milk pro- duction on the farms in several mid. ne Minch ened the United tates inclu in the investigation, ‘ranged from 2,928 pounds per cow jin Nebraska to 5,227 in Ln ae land butterfat production from 1075 per cow to 202.8, in the same states, as follows. i ’ Milk Buttecfat 5116 1898 Wisconsin w- 4,988 1928 Towa .. 4395 160.4 Michigan W... 5,227 - 2028 Nebraska 00 2,928 1073 Indiana... 4,558 AB HO ramvssvenerne 4,481 196.1 —_— Average 7 states (24 areas) 4,708 1787 World @ileat Markets ‘The. most notable expression of opinion upon the world. meat situ- ation which has come to our atten- the country relatively only about /“0n since the slump of prices in one-half the number of meat ani mals that was the case 40 years ago. But the figures are by no means so startling as they may. appear. The reason is that im- proved methods of breeding and feeding have hastened the matur- ity of meat animals, so that there is a more rapid turnover of live stock produce. Thus the. same number of animals today would really represent a larger meat supply.” Total meat consumption per cap- ita in the United States in 1924 was almost precisely the same as in 1885, to wit, 164.9 pounds against a The Dairy Industry The number of dairy cows in the United States January 1, 1925, was estimated officially at 25,300,000, against 24,800,000 January 1, 1924, an increase of about 2 per cent. Last Summer was an unusually fav- orable Summer for milk flow, and an. unusually large supply of butter was placed in storage, which had the effect of depressing the price and caused some talk about the dairy industry being overdone. The storage stock has been reduced rap- idly in recent weeks and the price has been recovering, It is now about The following submitting bids on blank books: Walker Bros. Hardy, Knight Printing Co., Bismarck ‘Iribune co. The following submitting bids on miscellaneous printing: Bismarck “Tribune Co., Quick Print, Humphreys & Moule, The awarding of bids was car- ried over to later date. Moved by Commissioner _ Soder, seconded by Commissioner Moynier that the County Auditor be in- structed to advertise for the re- shingling of the Court House, said bids to be opened at 2 o'clock P. M., May 5th, 1925. Specifications on file in the office of the County Auditor. A certified check of cent of the amount bid must accompany same. The Board re- served the right to reject any or all_ bids. on Soder, missioner Sx Moved; 1919-20 is by Messrs. Weddel & Co, Limited, London, important factors in the frozen meat trade. It appears in their 37th annual re- view, covering 1924, What it says of increasing consumption on the continent is significant: In the later months of 1924 the position of the world’s meat sup- plies underwent a .complete change, the significance of which, although clearly realized within the meat trade itself, has so far been only vaguely apprehended by the public. In its simplest man- ifestation, the change took the form of an increase of over 100 per cent in the cost. price of live cattle in the Argentine Republic; but that may be taken as a clear indication that at last over-pro- duction, of cattle has come to an Continental demand for frozen Last year the Continent absorb- ‘ed 450,000 tons of beef from over- seas, a quantity equal ‘to 75 per cent, of the beef imports ‘into Great Britain. These supplies were drawn from Argentine, Ur- uguay, Brazil, Australia, New Zealand, and South Africa, and, having regard to the leaner qual- ity of meat called for by the Con- tinental ‘taste; the prices realized were fully equal to the values rul- ing in London. To the cattle raisers in the producing countries, who had for several years been struggling to make ends meet, ow- ' ing to the low prices ruling for beef, the extra outlet has proved to be a veritable god send, but the British consumer is likely to regard this diversion of supplies with considerably less enthusiasm. From all appearances, supplies of imported meat during the com- ing year will be none too plen- tiful. As regards home supplies there is no indication from the Statistics of live stock that any material alterations in the will take place in the coming year. Apart from any unforeseen politi- cal or industfial disturbances, and assuming that there will be no material reduction in the Con- tinental Seman ce meat, the average prices of most descrip- tions of imported meat should be higher than in 1924.” Stocks of corn on farms Match 1 are estimated to have been about 801,000,000 bushels, against 1,100,- 000,000 fast year. Comparing crops and stocks in the two years it looks ‘aa though consumption to March 1 had reduced by about one-half the amount of the crop shorta; The visible supply situation is ‘worse for oats than for corn, stocks on March 14 being 72,500,000 bush- sis, against 19,240,000 last year. The record visible has depressed the price until it is lower in comparison with corn than ever before. The estimated stocks are 167,500,000 bushels larger than last year, and comparing the crops of the two years this indicates that consump- tion to March Ist was about 78,- 500,000 larger than last year. Criticism of the Grain Exchanges As is usual when prices fall, the }grain exchanges come in for criti- cism. It is certainly true that the markets have been wild and. that such, markets and conditions are very undesirable. The exchanges, however, have had nothing* to do with the prices, except as they have afforded the facilities for trading. Exported to— Germany percrsoneersesseeene 1,565, France soccomssegeresseereceneeens Ttaly scccccssmssssseeesseesensesseeend RUSSIA sessovsicsseeceerene eeseeat Japan and China p.m end, and, for the time being, the world’s demand for beef has over- taken the supply. This situation, add Messrs. Wetldel, has been brought about partly - through some slackening off in production, on account of the unremunerative fries obtainable by stock-raisers cattle during the past few years, but chiefly as a result of the enormous expansion which has taken place recently in the tion in month of January 1925 .. +. 373480 Report of Sheriff of fees collected in month Febr ary on mortgage fore- closure sales Report of Sheriff ‘of collected in month Janu ary 1925 on mortgage fore- closure sales ...... 2.2... Report of Sheriff of collec- tion of delinquent. person- al property taxes in month February, 1925 ...... oo Report of Sheriff of colle tion of delinquent person- al property taxes in month January, 1925 ... Report of Sheriff 24.00 S 33.00 1815.89 721.85, of vices rendered in civil ac- tion in month February, 1925 ser- 245.90 spent The entire day was viewing roads and bridge: Apri} 9 2 The Board of County Commis- sioner reconvened with the follow- ing members present: Commission- ers Soder, Swanson, Moynier, in ‘Upon “motion the following re-| Report of Register of Deeds seconded by Commissioner Back- man, that the following warrants be cance in compliance with section 3272 of the Compiled Laws of 1913: Date July 3, 1918 . July 3, 1918 July 16, 191 8 8 Backman. Upon motion (Commis- sioner Swanson was named Chair- man pro-tem. Upon motion the following bills were allowed subject to personal taxes due or delinquent: Edw. G. Patterson, Services 46.40 45.45 27.10 Moynie . EB. Rice, Road work . R. Atkinson, Mileag Surveyor . Joe. Breslow, Suppiies Lotz Lake ‘twp. Care of Canfleld ‘Twp., Care of poo Long ‘Lake Twp., Care of Noy, 3, 1921 of fees collected during Wit ot) Pant Poor. A ‘ Edw. 8: Allen, Misc. expen- seg*Dee. 20 to Jan. 5. Long Lake Twp. Care Poor April 1924 Long Lake Twp. Poor June, 1924 ke T Nov. 1! erizie Hotel, Jurors, ta ieeds *. Cashman. Justice fees Peeht, : Juatice, court and $ 6.10 26.00 Others wn. Total These facilities have made possible the large volume of operations. Without them thousands of indivi uals who did not have storage facil- ities of their own could not have made the purchases which were 4.20 W. 16.60 W. ©: Cashman, Justice fe 15.40 C.J. Martineson, Witness fees justice court 6.30 Paul Pecht, Witnes: justice court 4.20 ‘W. C, Cashman, 15.80 E. M. Kafer, Witness fees justice court ........ 2.10 0. W. Widmer, ' Witness fees justice court ........ 2.10 Ted Hedstrom, Witness fees justice court < 2.10 Paul Pecht, Witness fees justice court .........0+5 2.10 Katie Stolts, Witness fees justice court .. 7. SB10 C, Gashman, Justice fees 10.90 Paul’ Pecht, Witness fees justice court ... 2.10 W. C. Cashman, Justice fees 11.90 C.J. Martineson, Witness fees justice court ne heel Paul Pecht, Wi court Gage 0) °. Roberts," Witness fees justice cor 2.10 urt . 54 Joe Sherif, Witness fees Justice court A Harry Edmark, Witness justi t Ww. C. fees 2.10 3.75 3.75 fees feeg fees fees Justice Justice Justice Justice Justice fees Cashman, Justice ‘fees Cashman, Justice fees Upon motion the following re- ports were received and filed: Report of Sheriff of collec- Cashman, Cashman, Cashman, (Ch Cc. € Auch <i ealoly tion’ of delinquent person- 83:50] al property taxes in the i = month of March, 1925. ....$1213.99) 27.10] Report of Sheriff of fees cae collection ! in mortgage foreclosure sales in month of March, 1925. :+-+ 39.00) | Moved hy Commissioner Backman. Ca, Gamm.. . 27.10] Report of ‘Sheriff of . ser- seconded by. Commissioner Soder C. A. Swanson, Services Co. vices rendered in criminal that the contract for the, furnish- | nin. +» 27,10 action during month’ of ing of blank books,'as per bids re- March, 1925 - 270.45\| ceived, be awarded to the Bismarck Report of Sheriff rendered in civil during month of 1925 Moved’ ‘by seconded by man ‘that Whereas, action Commissioner at a of July, A. D. 1 sented {o the sald Board Commissioners of Burleigh County. North /Dakota that County Fair Association ‘was or would be organized -und that a quest was made” that operating a county fair. ropria! 862.00" was. made. ut upon the tax Jevy for the year in truth and fact. t necessary, and is aot requil and is therefore be ‘it Count ¢ uinty .Trenguner be d VRUROTIROE {|market in which the public parti 1924-25 Great Britain, bales —. 2,242,955 283 775,784 529,700 106,763 773,415 663,564 coors 6,657,464 2.10) College to furnish poison, 4382.40 Soder, Commissioner Back- former meeting of the Board of County, Commissioners of Burleigh County, ij North Dakota held on the 26th day ‘The afternoon was spent in view- ‘was repre- of County the Burleigh’ re- Burleigh County’ in accordance with the law make an appropriation to aid and assist the said ‘Burleigh County) Fair Association in putting on and That an tion in. the sum of $10,- ade. -The same was. records of Bur- igh County and included in the 1924 but that in - ‘the Burleigh Fair ‘Association was not. lieved ‘to be illegal. Now resolved that the ty: Auditor: of Burieieh County the: and . WEDNESDAY, APRIL 22, 1925 ig me. were, Un largety mffuentmar w~ putt; grains up, or the sales which responsible for the decline. questionably there are some disad-' vantages incidental to having large; public participation in the markets, The public-is very likely when x3) cited to run to extremes, first. way and then the other. zi The - professional speculator of dealer who makes a study of: supply, and demand conditions, and operates / within his captial exerts a stabiliz- ing influence in the market, but this is not true of most of the casuat speculators who are attracted to the market by rising prices and reports of big profits. The experienced trader generally wants to get out of the market\ when the impromptu speculators come in, for she regards them as dangefous company. They; make, what are called “runaway, markets,” i, e., markets that are not guided by intelligent calculation and that eventually bring up in a crash. It is evident that every rising price movement -must culminate sooner of later, The prudent and well-in- form holders begin to get out, priced begin to sag, and if the market is, largely in the hands of over-exs. tended speculators it is likely to collapse like a house of cards. The, “short” sellers of course are on hand to assist in the undoing. ‘They are, lon the look-out for just such situa? tions, ‘ However, the alternative to & pates' largely is one in which the: ate comparatively few buyers, Which is best for sellers? The grain crops come on the matket rapidly, after harvest and so long as this id the case'a broad inarket in which participation is open and free is, more likely to carry the bad with out ‘depression than a market of limited participation, ‘The features of which comptaint are made are inci to a broad market of am- ple facilities. In view of the small amount of wheat remaining in fars mers’ ‘hands as shown bythe gov- ernment report, the wheat produc- ers certainly ‘have not suffered at the hands of the grain exchanges in the ‘The statistical’ position of cottofl is strong, and with consumption in- creasing over the world there seems to be every reason to anticipate that the growers will receive a renum- erative price for the new crop. Ex- ports from the United States to the several countries in the period from August 1, 1924, to March 20, 1925, and for the corresponding weeks of the years 1923-24 and 1922-23, were jas follows: : } + 1923-24 1,469,269 977,282 587,545 413,219 18,631 497,174 466,344 — 4,429,464 These figures indicate what thé recovery of Europe means to the cotton-growing states, apd why these states may be expected to play their part in making the Unite* States prosperous, may be necessary to cancel the tax levied for that purpose and to make such corrections in the tax list-as may be ‘necessary to omit the said appropriation for the Bur- leigh County Fair Associatien and that the said County ‘Auditor is hereby authorized and directed to forwith make such changes ag may be necessary to omit such appro- priation from the taxes and that he proceed forthwith to refund to all persons who have paid the whole or any part of their taxes for 1924 the proportionate share of said taxes which have been collected. for Roll_ call: aye; Commissioner Moynier, Commissioner Backman, aye; Commissioner Swanson, ayé. Moved by Commissioner Soder, seconded by Commissioner Back- man that Whereas, a number of re- quests have been received for goph- er poison that, therefore, the Coun- ty Auditor be instructed to com- municate aye; and with the Agriculture saccah- arine, and properly labeled bags, and @ man qualified to properly mix the oats. The Chairman of the various Township Boards to make, arrangements for the proper quan- tity of oats from their - townships to be on hand at the various sta- tions at a date to be set by the Agriculture College, in order that said oats may bevmixed for the ex- termination of ‘gophers. All above supplies furnished by i] Agriculture College to be paid for by Burleigh County, except the oats which must be furnished : by \|the townships, or individuals. Roll ‘call all Commissioners’ pres- ent voted aye. * “Tribune, they being the lowest re- sponstble bidder, and that a snrety bora in the ‘amount: of $2,000.00 be furnished ‘by the successful bidder for the faithful performance of the contract. Contract to run’ for a period of one year from date. . Roll cail: All Commissioners pres- ent voted aye. ' ing roads dnd bridges. x April 10th, 1925, The Board of jf ing members present ers Swanson, Moynier, Soder, Back man, and Patterson. Moved. by: Commissioner son, seconded .by Commissioner So- der that Whereas, the Legislature, through ‘House Bill No. 61, 19254 ra Swan- , at the front door , House in the City of Bismarck, State Session Laws has- extended © the’ ne for pavmueae of delinquent Teal estate ty to November 1st, 1925, upon the payment of the amount at which it was sold at. tax sale, together with interest on all subsequent: taxes at the rate of 6 per cent per annum, Therefore, the resolution takini tion for tax deed passed on Fepri- ary 3rd and 4th, 1925; which stn cohflict with: said. legislative. act, be. rexcinded. ban mai ; -- Ron Call: Commigaionen Swanson, ayot Commisnigner: Moyne, If FUNERAL DIRECTOR + ‘axes held “by the Coun- }j missioner Soder, er_ Patterson, Moved by Commissioner Moynier, seconded by Commissioner Bac! man, that the contract of mis Janeous job printing as per bids ceived he awarded to the Qui Print, they being the lowest re- sponsible bidder, and that a surety bond in the amount of $500.00 be furnished by the successful bidder for the faithful performance of the contract. Said contract to run for a@ period of one, year from date, Roll call: All Commissioners present voted aye. ‘The surety bond of the Bismarck Tribune approved and filed. Application of the Northwestern Bell Telephone Company for abate- ment of taxes on the of lots 23 and 24, Block p Cit aye; aye. Commission- Contract for the m: the paved r souri River Bi id the e Bismarck, between. the hter Transfer" Company and > Bureigh County, approve Moved by sloner Soder, seconded by Comn sioner Ba = ma ng road o: Seers be appointed for the unorgan- ized townships: Lincoln Township—Geo. Hedrix. Riverview Township—Wm. Scho- ner! ort Rice Towns! s. Swen- son. Phoenix Township-YAlex Neff. Richmond Township—G. A. Bos- sart. All commissioners present voted aye. Upon motion the meeting ad- Journed to May 5th, 192 ON, Auditor. | SRR ae TS og | Federal Farm Facts | ig See are ees aN Total crop value in the «United States was much higher than that of last fear, but opposed to this in- crease was the decreased value of livestock production, reports the De- partment of Agriculture. Decrease of $66,000,000 in the farm value of dairy products last year is shown in reports of the Department of Agriculture. One minute after garlic is eaten by a cow, the disagreeable flavor of this plant is. detected in the milk. Keep the cows. from eating garlic, warns the bureau of dairying. Lack of uniform laws .and* regula- tions relating to open seasons, trap- ping methods and primeness of pelt is: Seriously threatening the Ame can fur supply, reports the biologi- cal survey of the Department of Agriculture. About 62 per cent of pure livestock is marketed for meat. NOTICE OF FORECLOSURE OF LIEN Notice Is Hereby ¢ Given That whereas one John Dow did on or about the 6th’ day of March, 1935, dehiver a certain horse to Josen Katz, a livery stable-keeper, for keeping and- feeding same, at the agreed rate of .50 per day; horse being described as follow: One bay mare, nine years weight 1800 lbs. ‘That sa has failed to call for to pay for the keeping and feedi Of same; that the costs of keeping and feeding said horse now amount to $24.00, all of which is past due and unpaid; that said Joseph Katz claims a lien upon said horse and said amount. Now, Therefore, notice given that by virtue of sai will sell the above described of the bred hereby lien, T horse Court of North Dakota, on the 29th day of April, 1925, at the hour of 2 o'clock p. m., to satisfy the amount of said lien, JOSEPH KATZ Owner of Lien. Dated April 22, 1925. 4-22 COOK BY WIRE INSTEAD OF BY FIRE TAILORING & HAT WORKS Hats Reblocked Suits. Cleaned, Pressed, and Repaired in MEN and WOMEN’S CLOTHES. 24 Hour Service on Mail 1 — Orders. WE CALL FOR AND - DELIVER. . PERRY UNDERTAKING PARLORS Licensed Embalmer in Charge. Day Phone 100 Night Phones 100 or 484R. WEBB BROTHERS} Undertakera — Embalmers Funeral Directors. | Licensed Embalmer in Charge. ‘Day Phone 246 Night Phones 246-887 Parlors 210-5th Street. | Night and Day attendant j