The Bismarck Tribune Newspaper, September 2, 1925, Page 3

". whites’ $1.75 to WEDNESDAY, SEPTEMBER 2, 1925 MARKETS By Associated Press Leased Wire, CORN TAKES NEWUPTURN IN TRADING Wheat Sags to Lower Levels as Liverpool Shows Fur- ther Setbacks , Chicago, Sept. 2—(@)—Fresh up- turns quickly developed in corn to- day, with trading more active at times than for all other grain put to- gether. It was pointed out that in many sections the country is already feeding new corn due to scarcity of old supplies, and that the profit in feeding hogs and cattle is the largest in years. With further comment that the hay crop is short and that another heat wave is in prospect corn attracted special notice from the start. Opening prices, 1-4 cents low r to higher, December 83 1-4 @ 3-8 cents, were followed by decided gains all around, December touching 84 3-4 cents. Later, corn reacfed temporarily, sympathizing with wheat. The fin- sh, however, for corn was firm, % to Bye net higher, December 84% to 4%, and the market influenced by dry hot. weather over the central states as well as by increased re- ports of crop damage. ‘ Influenced by setback at Liver- pool, wheat here underwent a sag, despite the strength in corn. Starting 8 to 1 1-8 cents decline, Decem- $1.51 3-4 to $1.52 1-8 and May 1-4 @ 1-2, wheat rallied some- than , but then’ dropped lower before. Subsequently, all deliveri wheat fell to the lowest price: on the present downturn. standing orders to stop lo various limits were forced into ac- tion. Selling appeared to be largely in connection with the movement of spring wheat northwest. Wheat closed hea 1% to 2%ec net lower, December $1.51 to $1.51%4 and May $1.55%% to M. Oats were steadied by corn. After opening unchanged to 1-4 cents off to the initial limits Provisions rose with corn, and as result of increased shipments of lard to forestall the new German tariff. Chicago, Sept. slow; desirable medium and heav weight butchers unchanged at Tues- day’s average others mostly steady to 10 cents lower, underweight dull; big packers inactive; majonity of irable 150 to 210° pound weight .00 to $13.25; ttp $13.35; bulk bet 25; 225 to 300 pound butchers $12.5 $13.00; packing sows largely $10.50 to ‘$10.80; few strong weight killing pigs $13.00 down; heavy weight hogs $11.80 to $12.90; medium $13.30; lights $11.25 packing 25° to slaughter pigs $12.00 to $13.00. Cattle 9,000; general trade very slow; better grades fed steers with| weight ; spots higher; others grassy and short fed tfferings dull; | largely a clean-up trade on western grass ‘steers; limited (supply of | fresh offerings, steady; others weak! to lower; 1600 paid for choice ma- tured. steers; some held higher; few loads $13.85 to $15.85: vearlings $16.10; calves mostly $12.00 dowa- ward. Sheep 21,000, fat native jambs steady best range lambs held highe desirable natives early $1504 to $15.2! few loads to city butchers $16.50; sorting generdliy slight; few lots of fat native ewes $6.00 tt $7.50, steady; feeding lambs fully steady; desirable lights and handy- weights $15.25 to $15.50. SOUTH ST. PAUL LIVESTOCK South St. Paul, Sept. 2—()—(U S D O A)—Cattle 1,800, dull; life- less at week’s decline of 50 to 75c on steers and, 25 to 50c on she stock; killing qualify plain; run includes grass ast steers and yearlings $5.50 to $7.00; fat she stock largely $3.50 to 350 for cows; upwards to $5.25 for heifers; canners and cutters slow, weak, 25 cents lower;: bulk $2.50 to $3.00; bologna bulls uneven, stly $4.00 and down, practically nothing above this figure; stockers and feeders lifeless, unevenly 25 to 15e lower for the week; common Kinds off most. Calves 2,200; steady, strong; good lights $10.50; few up- wards to $10.75 and $11.00. Hogs 6,500; slow, steady to weak; desirable 140 to 225 pound averages $12.50 to $12.75; 225 to 300 pound butchers $11.75 to $12.25; packing sows $9.75 to $10.00; pigs steady; bulk feeders $12.50; average cost Tuesday $11.01; weight $2.68. Sheep 2,500; steady; bulk native lambs $13.50 to $14.50; culls down to $10.00; fat ewes to packers $5.00 to $7.25. MINNEAPOLIS POTATOES Minneapo! Se good wire ate; early Ohios slightly weaker; whites firm; carloads delivered sales, freight only deducted Minnea- polis St. Paul rates sacked ewt. etrly Ohits U, S. No. 1 and partly graded 185 to 190; sacked cwt. round whites U. S. No. 1 and partly graded 190 to 195; few 200. MINNEAPOLIS FLOUR Minneapolis, ‘Sept, 2—(#)—Flour unchanged; shipments 49,753 barrels. Bran $24.00. CHICAGO PRODUCE Chicago, Sept. (#) —Butter steady; receipts 7,970 tubs; cream- ery extras 43% to 44; extra firsts 43 to %; standards 43%; first 41 to 42; seconds 38 to 40. Eggs. ri ceipts market higher; firsts 29% to 31%; ordinary firsts 28 to %; cheese unchanged. CHICAGO POULTRY Sept. 2.—)—Poultry alive unsettle fowls 20 to 25% bra lars 30; SpE DRS 24%; rooste! ducks 17 to 22; receipts 8 ‘cars, 1 due. CHICAGO POTATAOES Chicago, Sept. 2.—()—Potatoes, receipts 89 cars; total U. S. ship- ments 551; trading slow, market steady; ‘Wisconsin sacked round $2.10, according to quality; bulk $1.90 to $2.20; sota sacked round whit $1.’ $2.05; So. Dak. early Ohios $2.05 to 15, NOTICE Knights of Pythias meeting tonight at 8 sharp. MINNEAPOLIS GRAIN TABLE Wheat: pen High Low Close Sept. ah Bites 6212 $1.5046$1. Dec. 53 1.538% 1.51% 1.52% Oats: Sept. 35% 8556 BBM 85 37% 38% 37% 38 8 87.8554 855s 89% 89% B87 89 2.56 2.57%, 2.55 2.56 2.57 2.59%g 2.57 2.5842 6612 66% 6542.66 69.69 6842 68% CHICAGO TABLE Wheat: oper High Low Close Sept. ...$1.58 $1.54 91.514 $1. oLe Dec. 1.51% 1.53 1.50% 1.5) May + 156% 1.57% 1.55 1.5548 Corn: Sept. 9344 Dec 83% M 87% Oats: Sept. De May Rye: Sept. Dec. May one ‘Sept. Oct Rib: Sept Oct. .. Bellies: Sept Oct. . 17.32 17.90 | 17.80 21.37 20.50 EW YORK PRODUCE yi ‘ork, _ New —(P)-—Butter amery high- s 46% to 47; do extras do firsts 88 to 91 score | packing stock current 35 to Ms. make Eggs firm; receipts 23,439, fresh gathered extra firsts 35% to ; do 34 to fresh gathered storage firsts 32% to 34; do storage 32 to 3 fresh gathered seconds 30% to 3 do storage 29 to 31; nearby hen. nery brown extras 42 to 51. Cheese steady, receipts 214,135 pounds. NEW YORK Pou RY New York, Sept. 2) poultry firm;’ fowls by frelgnt. 26 65) 28; dressed ‘poultry firm; chickens fresh 25 to 40; do frozen 20 to 36. MIN EAPOL 1s | CASH GRAIN (P)—Wheat receipts 438 cars compared with 546 cars a year ago. h No, 1 north- ern $1.51 to $1.5. 1 dark northern spring choice to fancy $1.63 to $1.71; good to choice $1 to $1.62; ordin- ary to good $1 to $1.54; 1 hard spring $1.53 to $1.73; on track $1.56 to $1.66; to arrive $1.56 to $1.66; Sept. old $1.50%; Sept. new $1.51; December $1. 52M; May $1.56. rn No. 90% to 91%; wi barley 58 to if to 88g; flax No. —Live timothy to $7.00; clover seed $20.00 to $27.75. Lard $17.35; ribs $1 bellies $21.37. MINNEAPOLIS CLOSING GRAIN Minneapolis, Sept. 2.—UP)—Wheat sagged “sc today in sympathy with! Winnipeg and Chicago, wheye prices were sharply lower. Except for Ca- nadian —_ weaknes: and continued apathy of European buyers, the da news was largely favorable to hold- ers, but bulls were discouraged over the market's action and scattered li: quidation and hedging proved de- pressing in the local pit. Oats futures closed firm, gaining %e; rye futures dragged with wheat closing easy. Barley showed slight change for the day. Flax futures weer strong, with pit pressure light. Cash wheat general demand was good, but some of the ordinary to poor springs were quiet and easy? Good milling quality ruled firm with occasional sales of choice 1c hi Winter wheat was steady and quiet. Durum was firm for choice killing quality. Poor remained easy. Corn was firm to %c better for choice yellow. Oats was’ good; rye was in fair to good demand. Barley was firm. Flax seed was steady to rm. DULUTH CLOSING GRAIN Duluth, Minn. Sept. 2— (#) — Wheat markets turned easier today as a result of liberal offerings with continuance of heavy reports from the country. Spring wheat futures were from % to 1% cents off at the end of the first three hours. Durum Ae were from 1% to 2% cents off. Substantial export demand was re- ported in oats and barley here today. The close was weak under selling pressure. A large influx of late ar- rival grain was received here. September wheat closed 1 1-8 cents off $1.51 1-2 asked, December 3-8 cents off at $1.51 5-8 asked and May 1-2 cents off at $1.67 1-2 id; Septem- ber durum 1 3-4 cents off at $1.30 75: 1-2; October 2 7-8 cents off at $1.29} St 3-4; November 3 1-2 cents off at $1.30 asked and December 2 1-2 cents off at $1.30 1-2 asked. Spot and September rye fell 1 1-2 cents; December 1 3-4 cents; oats unchanged; September 3-4 cents off and December 1 cent off. Bidding for eastern account. boost- ed flax seed to day. The market be- came unwieldey at the top for a time and fractional recessions were brought about under realizing. The close was strong under active bid- ding. September and December flax climbed four cents; October 3 1-4 cents; November 4 1-2 cents. BISMARCK GKAIN (Furnished by Russell-Miller Co.) * Bismarck, Sept. No. 1 dark northern No.‘1 northern spring - No. 1 amber durum . . 1 mixed durum . » 1 red durum » 1 flax . 2 flax 1 rye . Dark hard winter Hard winter ‘We quote but do not handle the following: Oats . eae, peltz, per cwt. Shel Yellow White & , Mixed No. 4 68 No. Bs 66 No. 6 63 Sample Ib. Ear corn 5 cents pander, shell, Spot barley closed 2 cents off to|.® Financial News | PRICE TREND IRREGULAR IN EARLY HOURS. Heavy Selling Pre Pressure Sub- sides; Street Has Nervous Movement i New York, Sept. 2—(®)—Price movement lacked definite end at the opening of today’s market, ini- tial changes, as a rule, being of a fractional nature. Heavy _ selling pressure, which characterized the late trading yesterday, have subsid ed, at least temporarily Rails were slow in responding to , reports of a new high freight traffic record for the year in the week end- ed August 22. Belated liquidation of weakened marginal accounts re- sulted in a 10 point break in gener- al railway signal, five points in Nash motors. 444 in railway investment and 2% in electric. Upon comple- tion of this selling, the market swung upward under 'the lqadership of the equipment shares. [A sh rally of 16% points to 4.03 cent Italian lire, following similar vances in the European capitals, tured the opening of foreign ¢ Other European rates were demand sterling and French cally unchanged 9 cents, a a dri ith priced motors, their and i other sharp decline in prices before mid-day. United States s went down ‘to 118% and Nash motors broke 8 points. Equipment held relatively well and Otis Steel pre- ferred points S. Kresge jumped 24 points to 599, a new record figure. Call loans re- newed at 4% per cent Stock prices broke sharply today | under the persistent hammering of Lear traders and extensive liquida- tion of Week-end marginal accounts. The dec ine started in high pr ues, many vhich broke 3 to 10 points’ before encountered suf at buying support to stem the} selling, but soon spr strial and THE BISMARCK TRIBUNE Eddie Rennen, 5, youngest motor for children held in Berlin, Edd let at the fini C omb Pacific for Miss- ing PN-9 No. | Forced Into Sea (Continued from page ene) | Two hours mor nd after a number | of messages saying’ it~ would be [forced to alight, the seaplane’s radio! was silenced | Rain was falling steadily in the! vicinity of the seaplane. Visibility | was bad. ‘The ships which started | out to rescue the stranded. aviators | }found themselves hampered by the | encroaching night and by lack of de- | Tinite bearings’ showing (Ne losition elie aaaides y ene | of the lost p i | declities i font tke! grcke | Navy officers were confident that ing uneasiness over the possible ad, | Commander Kodgers would do every- ‘thing possible to save his ship and verse economic effects of the sus-/ jt. ithough: adniitting | pension of anthracite mining, there Pee fas eet it hae, sai ti ills ne was nothing in the day’s news to ac-, S¥ety over weather condition | count for the reacti 7 j street generally interp MONOGRAM thy ccorsnetiontet single initials and | nical point. September vember DULUTH CASH GRAIN Duluth, Sept. 2. a k eres $ o $1. 52 Badan: iosthern $149 1 do $1 1 northern $1.51 1-2 2 ae $1.76 rive $1.51%; 1 amber durum 42 to $142 1-2; 2 durum $1,304 $1.41 1 amber durum $1. $1.42 $1.30% to $1.4 arri f 1 durum $1.30 $1.31%4 $1 mixed durum $1 1-2 to $1.37? 3 1 red durum %. Oats 3 white track and arrive 37% 5 No. 1 rye 84%. Barley, choice to fancy 65 to 70; medium to rood 68 to 66; lower grades 54 to 62, _ FOREIGN EXCHANGE New York. Sent. 2.--(A)—Wareien exchanges irregular, quotations in Great Britain demand 484%; 485%; 60-day bills on banks 481%; France demand 469%; cables 470. Italy demand 39442; cables 395. Demand: Belgium 44812; Germany 2380; Holland 4023; Norway 2047} Sweden 2679; Denmark 2447; Switz. erland, 193134; | Spain 1 Greece 149; Poland 18%; Czecho Slovakia 296; Jugo Slavia 179; Austria 14% Rumania 49%; Argentina 4004; Rra- zil 1312; Shanghai tau Tokyo 40%; Montreal 100 1-16 NEW YORK COFFEE New York, Sept. 2.—U)—Coffee, Rio 72, 2%; Santos No. 4 24%; fu- oe ‘tirm; Sept. 2059; December NEW YORK COTTON New York, Sept. 2.-(#)—Cotton, spot steady; middling $22.60, Futures closed steady 2 2to 31 net higher, October $2: to December $22.61 to $22.63; Jan. $22.11 to $22.12; March $22.36 May $22.69 to $22.70. BLONDE SHAD E Goon Blonde bengaline, untrimmed forms some of the very smartest of ensembles. A blonde satin hat and Pumps frequently complete the out- "NOTICE Knights of Pythias meeting tonight at 8 sharp. 1 Sant per pound ‘discount under 65! Many o benetite! en - boudoir used the new wit YOUNGEST SPEED DEMON in the world. In a race ly built motorcycle, colored leather, Too Late To Classify FOR SALE—A Commercial Truck Body. 1118 Bdwy. 9-2-3t FURNITURE FOR § Piano, Du- d, library tab desk, dining table, chair dresser, hiffonier, rugs, sm num: rous other articles, s Phone 968. FoR Ripe tomatoes, carrots, rutab and cabbage. Call Pen itenti 9-2-2 FOR SALE--6 room house, inquire Frances White, 806 Broadway. 1-wk VEILED WITH CHIFFON ‘The smartest printed silk frocks are ‘veiled with plain chiffon or most highly prized assets in half by the “community pr berry, Vice President Security Angeles, author of the article, { to the tax law enables future | advantage of it. Assistant Secretary of the Tr in 1920. Since that time the correctly represent the pr “Ever since its admission Cali: fornia bas had the ‘community property’ system. Eight other states have a similar system, ‘Cou. munity property’ ts property uc: cumulated by married persons during their marriage, except that which ts acquired by gift, bequest or inheritance, Approximately 65 per cent of all property tn the state is ‘community property.’ Such property In California enjoys ths most favorable positidn in regard to death taxes, both state aud Federal, of any state In the Union (excepting possibly the eight other states having a similar property system) including states boastin of no Inheritance tax whatever. The California ‘community proper: ty’ system ts recognized for the purpose of levying Federal estate taxes, and only one-half of it ts now so taxed, while in Florida the whole estate of a decedeut is sub: Ject to the Federal levy. How the Law Works “Calitoruia’s law expressiy pro. vides thal upon the death of either husband or wife, testate, ouly ove half of their uet ‘commanity prop erty’ shall be subject to tnheri tance taxes. The same exemption applies upon the death of the hys: band, tutestate, while the whole net ‘community property’ is totally exempt from all state inheritance taxation upon the death of the wife futestate. The Federal estate tax law now follows precisely the Call fornia law iu this respect. “As the result of an amendment made to the California inheritance tax law by the 1925 Legislature, thie immunity from state inheri- tance taxes likewise now extends to ‘community property’ of non- resident married persons, who hereafter take up their legal rest- dence to the state. This puts ‘com- munity property’ in a more favor- able position regarding death taxes than exists in any other“state in the Union, with the possible ex: ception of the other community. property states, This extension of the exemption will add 15 per cent tg property in the state coming under this definition, which means that approximately 80 per cent of all. property probated in California will enjoy the lightest death taxes in America. “To illustrate, the following es in the American Baers Asocia with an article on how California, which has never had a state income tax, cuts state and Federal death taxes nearly: ? ie the Burden of State Taxation Banker Points Out Benefits of Community Property | the creamery System in Some States. SAVORASBLE aspects of tax systema are now among the {the William Moore of our states, it is pointed out tion Journal in connection ‘operty” system. L. H. Trust and Savings Bank, oe says that a recent amendment residents of the state to take Reference is made to a former article by asury Dewey, voicing the need for death tax reform and citing a hypothetical case involving California inheritance taxes which might have been levied | noted rectal spe laws have been changed, Mr. Roseberry declares, so that the figures then given do not | and easily cured without the us ent situation. He says: ample of a mau survived by @ wife and two minor children ts com, puted, the estate consisting of ‘community property’ all left by will to the wife and children. One half of such property would go under the law to the wife without any death taxes, and the other halt only would be subject to both state tyheritunce aud Federal és tate taxes, “As a subject of comparison, take a state which bas oo tober tauce tax, such as Florida. If the comparison were made with, the states which fmpose tnherliance taxes but do not have the ‘com munity property’ system, the ad: vantage in favor of California would even be more striking. Estate of aineane Total Tax Callfornta None Non-iuhertta fax stat $500 Advantage in favor of Gail fornia 600 Estate of $200,000 California. 908 No-tuheritance jax Mai cai 3,000 age in favor a papal 6.779 13,000 1.220 Jalifurnia 1,249,156 Son-taheritance, ta fe 2.543.500 Advantage in favor of - fornia .. 1,294,345 It the two children were adults, the Californta tax would be io creased only $280 in each case. Another New Amendment “Another feature of the recent amendment to the California !n- heritance tax law ts @ section 4x ing the inheritance tax op stock in Cailforuia corporations owned by non-residents at a flat sum of 2 per cent on their actual value. When considered im conjunction with the ruling that no inberitance taxes can be levied upon any stock fo foreign corporations, or upop bank accounts, bonds, notes, a bentures, or simitar securities longing to a non-resident but - cated in the state at the time of such non-resident’s decease, it will be observed that at present the in- heritance tax situation in Califor nia ts most favorable, both to non residents who have property ip this state and to married people who live or who may subse quently move bete from else where.” DAWES UNABLE TO VISIT CITY | Vice President Charles G. Dawes [will be unable to visit: Bismarck on [his trip to the Pacifie Coast, a tele- i gram to A. G. Sorlie late western Mil | VAGRANT HELD trip, will travel over aukee road. ' | Minot, N. D., Sept. 2-(P)—Charyred | with assault with a dangerous weap jon with intent to kill, Jas. | one-legged transient, jail in Minot today, following his ar {rest at Kenmare last night after, it jis alleged, that he had shot at Dan \c » Minot traveling salesman ;Casley was not hit by the bullet, |which passed through a crowd of | about transient laborers without striking any of them. King is said i to have fir the shot after Casley [had remonstrated with him over his conduct in a Kenmare hotel. IL W. W. WORKER |; LANDED IN JAIL (M)— Oscar whom the ssert has been collecting a fund from members of the organization in Minot, to pay tor litigation involving a recent’ depor: | tation of members from the city to Minot, is lodged in the city jail here today ved with carrying con cealed we Lind was last night) by Frank Northern | ‘detective, « in. which | the officer outrun and caught Lind dx small pistol in his pos session, it is alleged North Dakotans Need Not Worry North Dakota&s need not worry about adve: affects of the hard coal strike, State Mine Inspector Al- bert Waddington, said today Last year's production of 1,029,449 tons of lignite coal could be doubled,’ if necessary, he said. This would insure plenty of lignite to meet the no fuel were shipped outside. One effect to wean peonle from the use of hard coal and courage them to use fuel within the state rvey of Tig nite mines just finished hows iieel of them in good shape, Waddington said. Many mines which were c| during the summer now are prepa ing to re-open. Bankers Defeat Armours Team The Bank of North Dakota added another sealp to their belt when it downed the fast Armour C team to the tune of 18 to of kitten ball last ev runs ured the and Fosteson won circ the bank and Olson Ea = p Hom Zellmer drives for Batteries for the bank were son, Musgjerd and Kludt, for ours, Bepple and 3 The Bank plays night at 6:30 o'clock, ELECTRIC COOKERY MEANS COOKING IN COMFORT Without Surgery An instructive book has been pub- lished by Dr. A. S. Metheny the! This Piles Springs, Mo. sufferers from an be quickly of knife, scissors, “hot” iron, electricity who left Chicago tre on; IN SHOOTING, J. King, | is in the county | Over Coal Strike ‘arm: { \ Piles Can Be Cured) | | i | | ' | feral ately or any other cutting or burning method, without confinement to bed and no hospital bills to pay. The! method has been a success for twen- ty-six years and in more than twelve thousand cases. The book is sent postpaid free to persons afflicted with piles or other rectal troubles who clip this item and mail it with name and address to Dr. McC leary, D542, St. Louis Ave., Springs, Mo, e ve, system, Improves the appe- ‘Sick Sheer M Vala rj Demme OBO ice) of same ingredients, then candy coated. For children and adults. SOLD BY YOUR DRUGGIST, \ JOS. BRESLOW ra OLDSMOBILE SALES AND SERVICE DAKOTA AUTO SALES CO, 107 Sth St, Phone 428 ment of will be given to worthy Winnipeg in jstitutions, has been sent to the Gen A M wealthy Pitty issued it was Films PAGE THREE A gift of $250,000, the first install dollars one nullion Hospital by R realtor, ¢ Hunting. Licer nse } Sales Are Slow hunting heen in Burleivh learned today operly Kodak I Su ppy SLORBY STUDIO Mail Your Films | Bismarck, tts to other stitutions will be sent them immedi vunty GIVES MILLION which chel, in have been to date, N. = It_is expected that | before | thé opening of the sedson, September 16, | a record number of hunters will se- cure their license. |CAPITOL, ‘THEATRE TONIGHT WEDNESDAY AND THURSDAY “NAME THE MAN” Adopted From “The Master of Man”’ by Sir Hall Caine Featuring MAE BUSCH, CONRAD NAGEL, PATSY RUTH MILLER, CREIGHTON HALE. A triumph of the films that years will not forget. MONDAY, SEPT. 7 TUESDAY, SEPT. 8 fHARDS A DS au Me PRA f b 4] inate realest Colored eng 12 pe LL. Ben Hassan Troupe BIG FREE BAND CONCERT MONDAY NOON Prices. Entire lower floor $1.10, Bal. ISTRELS) Mans 85c, Gal. 50c. TONIGHT COME OUT AND DANCE TO THE OLD TIME MELODIES—WALTZES, POLKAS, SCHOTTISCHES, AND TWO-STEPS. FUN FOR ALL. Dance All Evening For $1. MAN No Dime Dances. ANOTHER OLD TIMERS’ >| DANCE AT THE Heart River Pavilion ————— oe Whirlwinds STREET PARADE & Baw Concent 1T PARADE AND Include tax. DAN QUADRILLES, Dancing at 8:30