The Bismarck Tribune Newspaper, May 21, 1925, Page 3

| ‘ “a THURSDAY, MAY 21, 1925 MARKET NEWS Wire Markets By Associated Prese WHEAT GIVEN BIG SETBACK Reports of “Crop | ment Causes Drop e : (By The Associated Press) Chicago, May 21—Wheat turned downward today after initial gains. Reports were current that all through western Kansas the wheat crop shows improvement and pre- sent conditions indicate a yield} above the average. A widely known expert was quoted as authority that much of western Kansas would yield thirty bushels to the acre. ‘Opening prices unchanged to one half cent higher. ' May $1.70 and July $1.55 to $1.65 1-4 were fol- lowed by moderate further gains and then by a set back all around to be- low yesterday’s finish. Forecasts of cloudy weather and lower temperatures led to further/ decline later. The close was weak, 1 1-4 to 2 cents lower. May $1.67 8-4 and July $1.53 1-4 to $1.53 3-8. CHICAGO PRODUCE (By The Associated Press) Chicago, May 21.—Poultry alive lower, Fowis 24c; broilers 25e to 40c; roosters 14 1-2c; turkeys 20c; ducks 22c; geese 1c, Butter higher, receipty’ 9,764 tubs. Creamery extra 40 1-2c; standards 40 1-4c. First 37 to 38. Seconds 32 to 36c. Eggs higher, receipts 25,962, Firsts 30 1-2 to $1; ordinary firsts 29 1-2, storage extras 33c, CHICAGO LIVESTOCK (By The Associated Press) Chicago, May 21—Hogs 30,000 un- “wen, fairly active. Opened steady, later sales mostly ten cents higher. Bulk good and choice 140 to 150 pounds weight, $12.25 to $12.40; top *$12.50. Cattle $12.00; fat steers and yearlings valued to sell at $9.50 up- ward steady. Lower grade steady to weak yearlings $11.50. Sheep 11,000 slow, few early sales of odd lots. Fat natives fully steady to $14.50 to $15.50. NEAPOLIS FLOUR (By The Associated Press) Minneapolis, May 21.—Flour un- changed to ten cents higher in car- load lots quoted at $9.20 to $9.30 a barrel in 98 pound cotton sacks, Bran $27.50 to $28, ST. PAUL LIVESTOCK (By The Associated Press) South St. Paul, May 21.—Cattle 1800, opening slow, A showing quality generally plain mixed yearl- ings early $10. Bulk steers $8.50 to $9.25, fat cows and heifers $5.00 to $8.00, light weight heifers upwards to $9.00, canners and cutters $3.00 to $3.75, bologna bulls dull, weak, 10 to 26 cents lower. - Big weights $5.00; bulk $ to $4.75. Packers und feeders slow, Calves, 2,200, un- changed, good lights mostly $9.00; few $9.25, Hogs 7,000, slow mostly 10 to 15 cents higher. Undtrweights and pigs around fifty cents Desirable 150 to 200 pound weights $11.85 ta $12.00. Top $12.00. Good and choice 200 to 300 pound butchers $11.75 to $11.85. Packing sows, $10.25 to $10.50. Pigs mostly $12.25, Aver- age cost Wednesday $11,62. ‘Sheep 400. Receipts practically all direct, nominally steady, MINNEAPOLIS GRAIN Minneapolis, May 21—Wheat re- ceipts 86 cars compared with 160 cars a year ago. : Cash No. 1 northern $1.62 to $1.64; No. 1 dark northern spring; choice to fancy $1.77 to $1.86; good to choice $1.68 to $1.76; ordinary to good $1.63 to $1.67; No. 1 hard spring $1.64 to $1.86; No. 1 dark Montana on track $1.68 to 1.88; May 1.60; July 1.68, ; Corn No, 8 yellow $1.10 to $1.12; oats No, 8 white 41c to 41%c;: bar- ley 70c to 86c; rye No. 2 $1.12% to $1.14 1-2; flax $2.77 1-2 to $2.81 1-2. + BISMARCK GRAIN (Furnished by Russell-Miller Co.) Bismarck, May 21, 1925. No, 1 dark northern y $1.50 No, 1 northern spring . 1.47 No. 1 amber durum 1.40 No. 1 mixed durum . 1.31 No. 1 red durum 1.29 No. 1 flax .. 2.57 No. 2 flax 2.62 No, 1 rye 96 Dark Hard Wi 143 Hard Winter 141 Barley .... 87 We quote but do not handle the following: Oats .......5- Speltz, per cwt. . pound discount under 55 Ear corn 5 cents under shell, Sample grade ... oa 63 Cantilever shoes “perfectly gomloriabey A. W. Lucas 0. _ Big Bargains in Spring Mil- linery. Buchholz Millinery. i ELECTRIC COOKERY CORRECT COOKERY ON'T TRY TO RAISE your family without it. For * stomach aches and pains; for sudden severe intesti- nal colic; for indiscretions of eating and Grinkings for changes in water, diet or cli- mate, take CHAMBERLAIN’S COLIC ae! DIARRHOEA Take it with you when yob° Heep it always in reohoee = NEW CHAPTER OF WAR TINE. HISTORY MADE Dr. Surface Reports on Stab- ilization of Wheat Price During Big Conflict ‘A report by Dr. Frank H. Surface, an economist of the United States grain administration, made public to- day reveals for the first time a chapter of war history which is of special interest to the American farmer. . Because of the persistent misrep- resentation that the price of wheat, ! determined by the committee j pointed by President Wilson, was not | in the best interests of the farmer, j members of that committee had re quested that a full report should be} issued on the subject. ‘A new item in war history is re- ithout the | can officials, the | farmer would have received only | about $1.50 per bushel for his 1917) crop of wheat instead of the $2.20} determined by this committee fair price. It is now shown that thi action was taken solely to protect the American farmers and resulted in a gain of millions of dollars to them. | The report states that, in the spring of 1917, the Allies, by bidding | against each other, had forced the price of wheat from $1.50 to ove $3.00 per bushel. In order to abol- ish this competition between them: selves the Allied Governments, before dated their purchasing of world | wheat into one buying agency.} Through the control of world ship- | ping and the blockade against the enemy, this agency was the sole| buyer of export wheat. The domestic price of wheat to the American farmer was fixed by the | price which could be realized for the | export surplus. As export buying! was all in one hand, the operation of the law of supply and demand | had been abolished and the price of | wheat to the American farmer, there- | fore, would be determined, by the price which this buying agency de- termined to pay. Price fixing for | American wheat was thus alre: under way in foreign hands. Co gress had provided a minimum price of only $2.00 per bushel for the 1918 | crop, and it had made no provision, for the 1917 crop then being harvest- | ed. | Fix Prices The Allied Governments had fixed prices of wheat in their own coun- | tries at about $1.80 per bushel, and | in order to lay down American wheat to their people att his price, they | considered that they should pay the | American farmer about $1.50 per bushel at Chicago for the 1917 crop. | In support of this contention, their | agents felt that any higher price to 'the American farmer would require | an increase in the price of bread in! the Allied countries; that the Amer- can farmer had. realized only about $1.30 per bushel for his previous | year’s wheat, despite the $3.00 corner | on the Chicago market which occur- | jred after nearly 95 percent of the} wheat had left the farms, They also | pointed out that they could purchase | abundant supplies of wheat in Ar- gentina and Australia at $1.60 per {bushel or less, and that the only rea- son they were prevented from avail- ing themselves of such cheaper sup- plies from these more distant mar- kets. was because of the demand of the Amertcan Government for the use of their shipping for transporting our troops and supplies, * In the face of this situation; it was clear that unless action should be taken, the American farmer would receive $1.50 per bushel for his wheat, and the price was already falling rapidly toward that level. To pre- vent this, Mr. Hoover took the mat- Free to Asthma and| Hay Fever Sufferers Free Trial of Method That Anyone Can Use Without Discomfort or Loss of Time. ‘We have a method for the control of Asthe ma, and we want you to try it at our expense. No matter whether your case js of long stand- ing or recent development, whether it is pres ent a9 Chronic Asthma or Hay Fever, you should send for @ free Trial of our method. No matter in what climate you live, no matter what your age or occupation, if you are troubled with Asthma or Hay Fever, oun method should relieve you promptly. ._ We éspecially want to send it to those apparently hopeless cases, where all forms of inhalers, douches, opium preparations, fumes. “patent eniokes," etc, have failed. We want to show everyone at our expense, that our method is designed to end all difficult breath- all wheezing, and all those terrible paroxysms. ‘This free offer is too important to neglect a single day. Write now and begin the method fat once. Sené-no money. Simply mail coupon below. Do it Today—you even do not pay postage. FREE TRIAL COUPON FRONTIER ASTHMA CO., Room715C Niagara and Hudson Sts., Buffalo, N. ¥. Send free trial of your method tos THE BISMARCK TRIBUNE shows that Mr. Hoover, then Food Administrator, took no part in the committee's determinations, thus dis- posing of the myth that Mr. Hoover fixed the price. With the advantage of the per- spective which can now be gained, ART SACRIFICE {Dr. Surface has examined exhaust- jively the justice of the committee's |award, showing statistically that the pri realized for wheat during the | period of government marketing was jhigher than the relative prices of jother farm produce where there was ja free market, and also that the {minimum price of wh: s fixed iby this committee at a higher relative level than the p fixed by the {government for el, copper and jother commodities. It appears from |the report that the maintenance of ;the minimum price was accompanied {by a great many hitherto undisclosed | difficultie At one time the Food Admin: ion Grain Corporation was compelled to invest nearly six hundred millions of dollars to main- tain the price. Nearly four hundred million of this had to be borrowed from banks and elsewhere. It also appears that the price of wheat was | maintained by the Government for a | demanded bobbe we came into the war, had consoli- | ‘states that it is obvious, that had it year after the Armistice in order to enable the farmer to liquidate his war production. Dr. Surface also es that the war action of the ernment obviou: sibility for the gr ‘all in the price of wheat which occurred two years after the Armistice as a part of the ‘general world-wide slump in the had no respon- |' representation that the price: deter- mined by the committee was a fixe: or maximum price. He states that the result of the committee’s deci- sion was not only protection for the 1917 harvest but in reality was a re- vision upward of the Congre: minimum from $2.00 to $2.20 1918 wheat. In a foreword to this} report, Mr. Hoover notes that the economic fact must not be neglected that any minimum price automati- | cally tends to become the actual price during the period of surplus marketing in the fall, and that the; subsequent reselling of the accumu- | ed surplus at the same price au- | to cally makes it the actual price | during the period of distribution, but } that nevertheless, the price, after those periods of support, rose above the minimum each year without res- | traint, except for a short period in the Spring of 1918 when, after the farmer had disposed of his crop, measures were introduced to prevent | profiteering in flour and bread. Dr, Surface shows that by the elim- | ination of war speculation the retail | price of flour was reduced to the consumer from $18 to $13 a barrel} while at the same time the farmer | received much fore for his wheat than in the speculative period. ANNOUNCEMENT I hereby announce myself a candidate for member of the Beard of Education at the election to be held on June 2, prices of all commodities. the hair Surface also clears up the mis- Ba’ Greig felt that 1925. which hung to lier waist was her most prized possession, But the Broadway play in which she was cast tre: Forced to ir and her art, Bubs basks hoose between her h : art won, and now bob. ter up with President Wilson. “In order to do justice to the producers | who have shown great patriotism in | special effort to increase produc- tion,” Mr. Hoover wrote the Presi dent in July, 1917, “it is absolutely vital that we shall protect the farm- er from a slump in prices this year due to glut or from the uncontrolled decisions of any one buyer.” Appoints Committee | Acting on this recommendation, THE POPULAR New Assortment Just Received FRIDAY and SAT- President Wilson appointed an inde- pendent committee wh mprise consumers economists and This committee deter- at Chi fair and Dr. Surface in his report, Tub silk dresses $9.50 Figured silk dresses A special assortment at. $15.00 Little Ladies’ Coats In sizes 14 to 18 at $14.50 and up ce not been for this decision by the committee, the American farmer would have recéived far less for his wheat than was the case. The report | CAPITOL THEATRE TONIGHT — Thursday, iday and Saturday. Reduced prices on all : Ensemble Suits. 1 DOOR EAST OF THE I hereby announce myself city of Bismarck, North Dakota. my attention and keep conversa! Among other things, I have Careful. expenditure of money DICK | TURPIN His Latest and Greatest Screen Triumph. A Thrilling - * Tale of the World’s Most Noted Bandit. COMEDY The Spat Family “HOT STUFF” officers of the schools. Dated May 21st, 1925. Old enough to have his community and cléan-cut, industriou: a genuine liking for their savings. Such this sectio az bond houses in the life’s work for the m 989—Care Tribune. Consigned to us for imm Sweet clover seed, a lb.... Sacks and samples free. “turn seed if unsatisfactory, N. BISMARCK CLOAK SHOP Coats ani Dresses URDAY SPECIALS ANNOUNCEMENT member of the board of education of the public schools of the If elected, I will continde to give the duties of the office securing and retaining first class teachers, that scholarship in the schools is of the first importance, our high school should be continued as a first class full improved whenever possible and co-operation among the patrons, the scholars, the teachers and -We Want a Resident Manager have a brighter future before him —a scrupulous regard for the sacredness of part time representative, or as Resident Manager for one of the oldest and most responsible mortgage ceptional opportunity for a profitable For further information Address Ad A GRIMM ALFALFA SEED BARGAIN Grimm Alfalfa seed. This seed is not @nly from a Registered field but eaeh bag carries the N. Dak. State Pure Seed Commissioners certification seal and tag. While it lasts 45 cents a pound. ‘Ordinary quality Grimm alfalfa seed, a Ib........40€ D. GRIMM ALFALFA ASSOCIATION Agricultural College, N; D. . A Co-operative Organization of over 400 growers. PRICED STORE CAPITOL THEATRE. a candidate for re-election for nt with school affairs. been and am for the following: in running the schools, the accredited high school and ‘or the fullest sympathy and GEO. M. REGISTER. earned the trust of young enough to s, tactful man with his neighbors and a a man is desired in country. An ex- an who can qualify. ediate sale 3000 lbs. Fancy . 9%e Order from this ad. Re- er i > PAGE THREE We are closing out our| prices. Silk Hosiery. Niel-| Coal Burns! Electricity Spring Hats at $1.00 to $5.00.| sen’s Millinery. Gives ‘Heat! Oil Makes a We are daily receiving new = Flame: But Gas is combusti- Use Gas the Super - Fuel. Summer Hats at attractive ble. Use The Super-Fuel. Woman’s New Freedom . Countless women in homes beyond the gas mains have learned that the secret of freedom from long kitchen hours lies in their cook stoves. They have abandoned the old fashioned coal stove and adopted in its place the improved Perfection Oil Range. This is the modern development of the oil stove—an oil range, whose powerful burners have raised the standard of oil stove cooking to that of gas. Women are finding that kitchen tasks are light- ened by the faster cooking and the greater con- venience afforded by these newly developed Perfection Ranges. Your dealer will be glad to demonstrate Perfeo- tion’s gas-like cooking service. See him today. Tue CLEVELAND METAL Propucts Co. St. Paul Branch—739 Pillsbury Avenue ERFECTION .W. Oil-Cook, Stoves:and‘Ovens td coe For quick warmth awhen- aver needed—the Perfection Oil Heater. For abundant hot avater without gas—the Perfection Kerosene Water Eisauer Styles, sixes and prices to suit every need and purse. - For Sale By Sorenson Hardware Co. Cool! Refreshing! Delicious! What's half so satisfying as i Fi i ss sai as ice cream in a crisp, crunchy, golden It’s the ‘nutritious and. enjoyable way for every child under sixty to relieve thirst, hi fatigue — po dligiss , unger and fatigue a goed habit to eee Wherever ice cream is sold you can get ice cream cones. This is national cone week— buy an ice cream cone . Distributors ! pee BISMARCK GROCERY STACY BISMARCK : ERT