The Bismarck Tribune Newspaper, August 11, 1925, Page 3

TUESDAY, AUGUST Grain Livestock ‘COLLAPSE IN WHEAT BRINGS TUMULT IN PET Publication of Government! ** Estimate Shows Increase in Dominion Yield Chicago, Aug. 11.— () —Wheat prices plunged wildly downward to- day, with traders giving attention , almost entirely to the United States and Canadian government crop re- ports. Both of these reports were a source of astonishment to the trade, the United States report in particu- lar showing about 20 million bush- els more wheat likely to be har- vested in this country than has re- cently been looked for. After the first rush of ‘selling had somewhat subsided, buying broadened antial record was opening prices ver, September $1,60% -62 and December $1.58% to 80'% were followed by reaction. ubsequently mingled pressure again came up and September tum- bled to 3 cents under the day’s ini- tial quotations and eastern specu- lation was said to have been a leader | in the late selling. Wheat closed to %7%c net lower, Sep- | 1.60 to $1.60% and December 8% to $1.59, Speculative selling in the last part of the day carried wheat _ prices oe below the earlier bottom eve 37s to sc net lower as compared: with , last transactions were at $1.60 to $1.60% for September de- livery and $1.58% to $1.59 for De- cember. Later reports of rains in Hlinois and Nebraska tended to weaken the corn market. Corn closed irregular ®sc net lower to 4c higher, Septem- ber $1.06 to $1.06%. ago, Aug. 11.—-(P)--Nearly six a bushel drop in price took in the wheat market today as esult of government reports show- a much larger probable 1925 vheat in the United States unada than has recently been fell to $1.60% as 4 to $1.66% at yester- heavy selling de- trading wheat today be- buying quickly set in , and the market re- about 3 cents a bushel. veloped van. Activ also, howev boundad Subsequent price changes were very | rapid. CHICAGO LIVESTOCK * Chicago, Aug. 11.—U S D O A— (P)--Hogs 15,000; uneven, mostly 5 to 10¢ lower than Monday's average; light light 10 to 15¢ off; slaughter pigs steady to weak; all interests buying; bulk good and choice 160 to pound averages $14.00 to, $14.20; top $14.25; bulk better 240 to 325 pound butchers $13.65 to $13.85; ma- jority 115 to 150 pound kind $13.50 to $13.90; medium $13.45 to $14.20; * light $12.45 to $14.25; light light to $14. packing sows $11.65 2.70; slaughter pigs $13.00 to fed 3. choice steers $16.00 paid for} 39 5 several loads $15.50 to $15.- demand for finished steers show- abatement; others slow, gener: y steady bulls 10 to 15e lower veilers 25 to 50c, mostly 50c up cther classe ssteady; best heavy bo: logna bulls around $5.0 bulk of 00; .packers paying up- Corn and oats weakened owing to ' sympathy with the severe break in wheat prices. The government re- port as to corn, however, was con- strued as bullish and corn prices soon showed material upturn, After opening at %4 to %e decline, Sep- tember $1.04% to $1.05, corn rose all around, September touching $1.06%. Oats started at % to %e setback, September 413% to 41%e and showed but little power to rally. Provisions were easy. Sheep 14,000; fat lambs steady to lower; most decline on west- ernst bulk desirable natives & packers $14.50 to $14.75; few loads to small killers $15.25; good range $14.75 to $15.00; some held ig! odd lots fat native ewes $6.50 to $7.50; small lot western ewes $8.00; steady; few early sales feeding lambs steady at $14.75 to $15.25. SOUTH ST. 25e PAUL LIVESTOCK South St. Paul, J fairly e, steady to strong with Mon- way’s average; spots on- lights 10c higher; bulk sorted 160 to 300 pound average $13.50 to $13.65; top $13.75; packing sows mostly $12.00; bulk feeder pigs $13.65; average cost Monday $12.65; weight 266. Sheep 700; steady; bulk fat na- tive lambs $13.25; culls $10.50; fat ewes mostly $5.00 to $7.50; breeding ewes lower $8.50 to $10.00, * Cattle 1,800; in-between grassers and plain quality fed- offerings slow, tending lower; others and fat she. stock about steady; canners and cut- ters unchanged; bologna bulls steady to weak; stockers and feeders slow, dull; few odd lots short fed yieldings early $1.95; bulk grass steers and yearlings 95.50 to $7.60; fat she stock $4.50 to $6.50; canners and cutters $2.60 to $3.25; bologna bulls ‘largely $3.50 to $4.25; stockers and feeders $4.75 to $6.25. Calves re- ceipts 1,700; ‘opening steady with last Friday for all of Monday’s losses regained; good lights $10.25 to $11.00; bulk around $10.50 to $10.75. Ss CHICAGO POULTRY Chicago, Aug. higher; fowls 18 to 24c; broilers 20 to 27c} springs 26c; roosters 16c; ducks old 22 FARGO PRODUCE Fargo, N. Dak, Aug. 11.—(#). Butterfat, churning cream ** packing stock 28e. MINNEAPOLIS FLOUR Minneapolis, Aug. 11.—Flour 15 to 50 cents lower. In carload lots fatn- ily patents quoted at $8.95 to. $9.40 a barrel in 98-pound cotton sacks. Shipments 86,751 barrels, Bran $25.00. MINNEAPOLIS POTATOES Minneapolis, Aug. 11.—()—Pota- toes, good wire inquiry demand mod- erate, market weaker. Carload de- livered gales, freight only: dedueted, Minneapolis and St. Paul rate, sack- ed Cwt, aie Ohios; U. S. Nod ‘size $2.20 to $2.40, mostly’ $2.25 to §2.30, Wheat closed very unsettled | 11.—@)—Poultry | 11, 1925 MARKETS By Associated Press Leased: Wire. MINNEAPOLIS WHEAT Minneapolis, Aug. 11.—Wheat had six cent break today, longs selling freely on spring wheat crop figures which disappointed the bulls. Prices were off 3 3-8 cents higher at the opening. Small rallies were followed by renewed selling and low levels for the day were 6 3-8 to 6 1-8 cents off in Minneapolis. was on a one cent rally here, Cash wheat broke sharply. Old spring wheat was easy to 2 cents lower; the new wheat was 2 to 5 cents lower. Winter wheat was steady. Durum decjined 5 cents, Corn was firm to 1 cent stronger. Oats were firm to quarter cent bet- ter. Rye was firm to 1-2 cent bet- ter. Barley was 1 cent fower. Flax seed was 3 cents lower. | MINNEAPOLIS CASH GRAIN Minneapolis, Aug. 11.—wheat re- ceipts 301 cars compared with 16 cars a vear ago. Cash No, 1 north- ern $1.55 -78 to $1.59 3 No. 1 dark northern spring choice to fancy ! $1.66 7-8 to $1.75 7-8; good to choice 1 $1.60 7-8 to $1.65 7-8; ordinary to good $1.56 7-8 to $1.59 7-8; No. hard spring $1.57 7-8 to $1.75 7-8; No. 1 dark hard Montana on track $1.63 | 7-8 to $1.73 7-8; to arrive $1.63 7-8 to $1.73 7-8; September old $1 | 3-4; Neptember new $1.55 7-8; Dec- ember $1.55 3-4; May $1.59. Corn No. 3 yellow $1.08 to $1 , white, 37 5-8 to 37 76. Close | Ry $ 1-4 to $1.07 1-4. $2.72. CHICAGO CA ALN Chicago, Aug. 11.—(4)—Wheat No. 2, red, $1.68 to $1.69 1-4; No. 2 hard $1.63.’ Corn No. 2 mixed $1.08 to $1.09; No. 2 yellow $1.08 1-2 to $1.10. ; Oats No, 2, white, 41 3-4 to .43; No. 8, white, 41 to 42 1-4. Rye Ni $1.18 1-2 to $1.14. Barley .78 to 83 Timothy seed .72 $19.30 to. $27.00. Ribs $19.00. 2, clover seed Bellies $22.00. BISMARCK GRAIN (Furnished by Russell-Miller Co.) Bismarck, Aug. 11 . 1 dark northern : ‘No. 1 northern spring No. 1 amber durum No. 1 mixed durum No. 1 red durum {No. 1 flux No. 2 flax No. 1 rye ..... Dark hard winter Hard winter ‘ We following: Oats | Barley Speltz, +. $146 per ¢ | No. 4, 56 Ibs. or more . No. 5, 55lbs aan No. 6 .. 3 | Sample .... . One cent per pound dis 55 Ib. Ear corn 5 cents under shell. NEW YORK POULTRY ~New York, Aug. 11.—() firm; broilers by freight 26 to 30c; fowls by freight 22 to 27¢; do by ex- press 22 to 27c; roosters by freight Ide. | Dressed. poultry fresh 26 to 37c. CHICAGO PRODUCE Chieago, Aug. 11.-- (4) —Butter higher, receipts 19,282 tubs; cream- lery extras 41c; Standards 42%c; ex- tra firsts 40 to 40%c; firsts 39 to 2c; seconds 37 to 3! " Egs firsts 30 to 32c; ordinary firsts 28% to, 29¢.. Cheese unchanged; twins 22% to 3c; twin daisies 23 to 23%¢; single laisies 23% to 23%c; Americas 23% to 24c; Longhorns 23% to 24c; brick 121% to 22¢, DULUTH CLOSING Duluth, Aug. 11. () —Wheat broke heavily today. At the end of \the first three hours, spring wheat jfutures weer off from 3% to 4%c, and durum futures from 5% to 5%c. Sharp selling pressure developed from the start and opening opera- ition materially off with persistent selling and jack of buying power to absorb. Prices continued to weaken spot was slow locally with Millers not inclined to take any more grain than they actually needed on a fall- jing market. Spot basis was un- changed. \ Closing cash: Flax on track $2.67% to $2.70%; flax to arrive $2.67'2; | September $2.68%; October $2.66% ; | November $2.66%; DecemMer $2.65%. | Wheat No. 1 northern $1.62% to 1$1.88%; 2 dark northern $1.60% to $1.80%;3 dark northern $1.57% to $1.77%; 1 northern $1.62% to $1.82 %; 1 amber durum $1.44% to $1.67 %; 2 amber durum $1.42% to $1.67 4%; 1 durum $1.42% to $1.43%; 2 du- rum $1.40% to $1.42%; 1 mixed 1$1.40% to $1.64%; 2 mixed. durum $1.38% to $1.62%; 1 red durum $1.38 to $1.41%; 3 white rye track 39%. Oats 3 white arrive 38%; No. 1 rye $1.06%; bfrley choice to fancy 77 to 79c; medium to good 71 to 6c; lower grades 69 ta. 74c. NEW YORK PRODUCE New York—Butter steady; receipts 18.867. Creamery extras (#2. score) Eegs weak; receipts 34,921. Fresh gathered extra firsts 34 to 35 1-2; firsts .32 to 88; nearby western hennery whites firsts to average extras 39 to .50; nearby henn browns extras 41 to .46; Coast whites. firsts to extra firsts Al to 451-2, Cheese firm; 252,325 pounds. FOREIGN EXCHANGE New York, Aug. 11.—()—Foreign exchanges irregular; quotations in cents; Great Britain demand 48512; teables 485%; 60-day bills on banks 1482; French demand 467%; cables 468; Italy demand 363; cables 363%; Demand: Belgium 451; Germany 2380; ‘Holland: 4017; Norway 1854; Sweden 2685; Denmark 2295; Switz- lerland 1941%; Spain 1442%; Greece 156%; Poland 18; Czecho Slovakia Jugo Slavia 17! Austria Rumania 52%;° Argentina Brazil 1200; Tokyo 42 3-16; Shanghai 79%; Montreal 100 1-32. MINNEAPOLIS CASH GRAIN Minneapolis, Aug. 11—()—Range of carlot grain sales; wheat No. 1 dark northern $1.62 to $1.82%; 2 Ydark northern $1.59% to $1.77 dark northerm $1.57% to $1.69% hard = spriny f hard $1.614 um $1.67% to $1.70%; 1 durum $1.42. %. to $1. 1 mixed wheat $1.66% to. $1.60 barley sample grade 71 to 76c; 2, 73 to 8c; 3, Tac; 4, 6c. Corn No. Eyles $1.11; mixed $1,01% to $1.02, Oats 2 white 59 to 40d; 3 white 87% to 89c. Rye No, 1, $1.06% to $1.00%. 1 $2.65 to $2.74, firm; chickens receipts Flax No; 55] © Poultry ‘ lower, receipts 16,845 cases; ! y Pacific] 8] ington follows: News | Financial STREET SHOWS | ERRATIC TONE Bullish Demonstrations Mark | Opening as Irregularity | ' | ( Seizes Exchange New York, Aug. 11.—(#)—Irregu-| lar price movements characterized | the opening of today’s stock market | with most of the standard indus- trials and rails showing only minor changes in initial transactions. U S. Realty, General Electric and Ra-! dio corporation opened 1 to 1'2 points higher and Norfolk and West- ern and Frisco Common each du plicated their year’s highs on initial | sales; Jersey Central jumped four points. Bullish demonstrations were soon started in the specialties. General Railway situation soared over points to a new record top at 270 half on publication of semi annual ning statement showing net prof. its about double those of the corre sponding period last year. Briggs’ body was one of the few early weak spots. Foreign Exchanges opened ‘| firm with sharp rallies of 15 points each in Norwegian and Danish kron- eras the feature. Demand Sterling ruled around] $4.85% and French francs at $4.69'2. Selling of the oils, based on the| announcement of another cut in Pennsylvania crude and heavy li- on of the public utilities on nouncement of Samuel Insull many of them wer gh, gave the market a| appearance during the| Motors also were sub- selling pressure as a re sult of additional automobile pric cuts. , Strong buying support | not long in forthcoming, estimate{ general list was again headed up- ward before noon. Call money re- jnewed at 4% per cent. CHICAGO GR. Wheat: Open High «81.60% $1.625% +. 158% 1.61% 1.64% Corn: | Sept. Dee. 1.04% 31% 89% 1.047% 1.073 BBM 90% 1% Athy ATM 1.06 1.093, ey A05% ABM 46% 1.10% 1.13% 1.18% 17.7 17.72 1.06 17.65 17.67 +. 18.87 18.87 18.75 ie see 22.00 MINNEAPOLIS GRAIN TABLE Wheat: Open High Low Clos -- $1.59 $1.59 $1.54% $1.5 1.58 1.58 4 | Sept. Dec. Oats: Sept. i BTM Dec. 39% BBM 40%! 39 .B9NG y s eee 105 1.08 1.067% 1.04% 1.04% 1.09% 1.06% 1.07% CHICAGO POTATOES Chicago, Aug. 11.—(#)-—Trading fair, market steady; Kansas and Missouri cker Irish cobblers $2.50 to $3.00, according to quality, a few as low as Minnesota sacked early Ohios 5 to $2.40; Idaho sacked cobblers $3.25; Nebraska sacked cobblers $3.00 to $3.10, a few higher. FEDERATION — HONORS LOCAL HISTORY WRITERS Col. Lounsberry, Former Trib- une Editor, Listed in Wash- ington Collection Minot, N. D., Aug. 11—Two Bis- marck authors are represented among the eleven books by North Dakota historians sent to Washing- ton to the headquarters of the Gen- eral Federation of Womens’ Clubs, Mrs. F. H. Waldo, state federation of Women’s clubs, said today. “Bad Lands and Broncho Trains,” by Lewis Crawford, state historian, and “Early History of North Dako- ta,” by ol. Clement T. Lounsberry, former editor of The Bismarck Tri- bune, are listed among the federa- tion collection. The volumes were this state’s share in the federation library which is being organized at the national capital and which will include books y the native authors of each state. The call for the books was sent out last spring and a committee from the North Dakota Federation selected those which should be sent as representative of this state’s lit- erary genius. Only non-fiction vol- umes were desired and no fiction ar- ticles were included in the selec- tions, Mrs. J. E. Featherstone of Valley City, president of the North Dakota federation, was chairman of the se- lection committee and choices were made from lists which were submit- ted by women’s clubs in all parts of the stat Artistic book plates bearing the North Dakota Federation’s emblem, a _sheaf~ of wheat, and the caption, “From the North Dakota Federation of Women’s Clubs” were contributed by Miss Huldah L. Winsted of } not, state director of the federa- tion and herself the author of many poems on’ North Dakota. The list of volumes sent to Wash- Collected Verse, by James W. Foley; The Way of Smiles, by James W: Foley; forth Dakota Historical Society Re- orts, O. G. Libby; Story of the rairies, A D. E, Willard; Prairie Smoke, by Melvin R. Gilmore; Indian Lore and Legend, by Huldah L. Win- sted; Constructive Rural Sociology, by John M. Gillette; Educations of ‘Tomorrow, by Orland D. Weeks, and Songs of the Bunch Grass, by Clell 'G. Gannon. ‘ | which Volume six,|" THE BISMARCK TRIBUNE CITY EXPENSES ARE PASSED BY COMMISSION A total of $1,836.49 in |penses were passed on by the city meeting last, commission at its night. The bills are as follow Sorenson Hardware Co. City water bill . water bill .. jit 9 B. Smith, poor relief .. ( J ‘orge Gussner, poor relief Otto Dirlam, repairs .. Ellis & Ford Mfg. Co. troit, waterworks repairs Wagner Electric purchase of motor Vacuum Oil company St. Hilaire Lumber Co. - Post office bpx, freight Post freight Mrs. Anna Bry City pol Water e salaries .. de Street department equipment ‘chine Co., equipment Hugo Hell ter de Waterw artment ........ rks payroll ment + department gas and oil land, has an order pureha placed are juncts system, ‘De? corporation, wexpressy office bpx, expresss yeh, poor relief it ves 15 . Anna Brych, washing .. Waterous Fire Engine Works, South Park Foundry and Ma- elland, services to wa- Bismarck Hide and Fur Co... sees F Standard Oil company, water BI INES INCREASE The city of Wellington, New Zea- of one American bus com- plete, together with five bus chassis, to be employed as ad- to the municipal street car ELECTRIC COOKERY Is COOKING IN COMFORT SS nt |REAPPOINTMENT TO BE CENTER OF city. ex-! BY CHARLES P. STEWART Washington—The various up-to-date population basis. 5 31 18 $7. 42 2 would benefit it next winter. adjustment to attempt 113 will fight it, tooth and nail. 7 It’s the same conflict between ur- ban and rural communities that has provoked the revolt of the cities and heard from " Cleveland, be Chicago, doubtless soon, Detroit, more to A congressional than th likely to be. The cities sentation in their legislatures, pendent sta revolutionary ind exceedingly The sta ation is 44 1 104 es, only by difficult across. represen ten years business about it. The only irregular part present congressional _ sit! that reapportionment has been glected so long. in 1920, five years back. in the regular nothing of for the] so long a d the Civil War Teapportionment. was possible. The nation's congressional sentation now is on the b: 1910 census, greatly since then, everywhere. but not PARTY INTEREST states’ ratio of representation in Congress needs overhauling, to put it on an Representatives from states a re- intend Those from states which would lose by it reapportionment will be harder to stave off, however, demands of the cities are can win fuller repre- respective state or else secede, as _inde- decidedly means, which they may to put congressional pposed to be re- adjusted after every census—once in of revolutionary the ation is ne- ‘The last census was And there hasn’t been a reapportionment yet. Never but once before was there and that was during and reconstruction period, when neither a census nor a repre- is of the The country has grown evenly, much faster large urban centers than in those which are predominantly rural. Consequently, on a redistribu- |tion of congressional seats, the in- dustrial states) would gain’ a good farm states would lose correspond-! ingly. Naturally the rural congressmen prefer to have representation it is now. To obviate the diffic: one suggestion advanced is crease the House of Representatives membership from 435 to 460. This might save some of the congressmen from farm states from being reap portioned out of office, but it isn’t a satisfactory solution of the prob- lem in other respects. In the first place, it's recognized that the House is too large for con- venience already. Secondly, n though the increase served to protect the present coun- try congressmen’s jobs, the reappor- tionment’s general effect would be IN ADDITION TO LES The cities have grown most, which IR KK Royal Coaches SPECIAL TONIGHT AT THE HEART RIVER PAVILION Caroll “Harp” Lund Trombone Wizard BACKER’ ORCHESTRA. SPECIAL MUSIC. it wants to keep it as rural as it can, Aside from the natural disinelina- | gilded type, | work. PAGE: THREE means that population has increased] the further citification of the House,| for these royal “castoffs” and many in states which have] which the rural element doesn’t want| have become the property of rich of the for film businessmen while others, are bought There are several now waiting tion for any community to lose, pro-| transportation to America, but in ac- portionatel, sentation able actus and country. ach feels that its interests are| regarded by the other, as inded,| perieps they a to some extent.| eapportionment, then, isn't going} to be easy. Still, sooner or later will have to be done. is consider- | between city feeling” something | Purchased For Films! London—(#)--Coaches ages used by royalty require replacing more frequently perhaps than those of their loyal subjects. 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