The Bismarck Tribune Newspaper, December 7, 1927, Page 7

te WEDNESDAY, DECEME _THE BISMARCK TRIBUNE con Oats, GRAIN COLD WEATHER BOOSTS PRICES|": Buyers Predominate in All Bids—Selling Is Only of Scattered Sort are Chicag 7.—(AP)—With @ big iseard northwest and west, “curtailing the movement of grain, an all-around upturn took place tor in the, mt lue of wheat, corn and The advance was in the face of the fact that export demand to- «. day for wheat from North America was called slow, and despite know!- edge that snow which fell over the greater part.of Kansas will highiy benefit winter wheat. New profit taking failed to stop the upward trend of corn. i Wheat closed ungettled at a shade to+3-§ cent net gain; corn 1-2 cert to 7-8 cent up; oats showing 3-8 cent to 5-8 cent advance and provi- sions eae 1d to 32 cents down. Repos widesprea winter, reactions today com + arrivals of wheat in Winnipeg, Du: luth and ‘rae lis showed a m: terial falling off as compared with a week ago, and that country offer- ings of corn cL beh were small. Saree wheat receipts today were 2,034 cars against ae cars for the _ corresponding -week, There were als that harvestii being hampe! rain. Bulls in‘the wheat market gave considerable em} ried to statements showing that wi cree es ranged the last four months have r * lower than during the same ja ehy Ghuiot ocarpnevings oe 4 It ‘was also pointed out that. this has been the case katie paetonins that shipments from the 14 demes- tic primary markets this season ~ have totaled 210,196,000 bushels, compared with 139,290,000 bushels last year. neeavice| fos Argentine was = PRICES ADVANCE pid MILL. CITY MARK: Minneapolis, Dec. Tc Wheat prices advanced 7-8 to 1 cent today, | severe weather over the northwest and wintry conditions developing yank: in central states and the eee : stimulating better pit — support. Trade, however, was quiet a Gets mved up Colnaty on ra moved up si yh on ht receipts and expected im; in feeding demand as cold weather. May bu 1 1-4 cents and settl back part way on profit taking. Barley futures Ph up 1 5-8 to 2 cents, December ating. Quite trade Petco the rye mar- bs and price gaune were small, ‘laxseed was dull. is Cash wheat offerings were small and pee ise “fe eye good od $F oct for poor qualit ral ding basis was tt irm. ‘Occasinal. a ‘were one cent higher com- pared with the option. Winter ® wheat . offeririgs were practically nil.” Milling quality durum was scarce and firm. . Corn. offerin, ngs were light and ae-! “mand was good. Trading basi: strong to one cent high Oats were firm with demand good and offerings scanty. Rye was quiet and steady. Barley was in sharp:demand and the market’ was one to two cents higher at .78.to .86. Flaxseed offerings were small and demand was ter. Trad ‘basis was strong to one cent. higher. oi CHICAGO LIVESTOCK Chicago, ‘Dec. - 7,—()-— of A.)—Hogs 27,000; pat steady to 10 cents lower aieree age; top 8.90; bulk desirable 210 to 300 pounds 8.45°to 8.85; 160 to 200 pounds 8.00-to- 850; 180 to 160 3 a eata 7.40 to 8.20; bulk - pigs 7. to 7.40; bulk packing sows “7.85; few best li eneweietie 68 8.00 8.10; heavywei At hoy 8.90; medium 8.30 to 8. ot oh 7.60 to 8.85; light lights’ 7.10 sows 7.00 to. 8.10; siaugher pgs 6 to 780 8 r ‘J be Ong; S “ x snes ret at : Ssissss P35 5 ees at-15.00 common and Ie low medfum me stockers ‘and teeders: is vel scarce; no eighty sold; . few . here; *annout that incement a Bell co fae sie; Amn pee te MARKETS ‘By Associated Press Leased Wire FINANCIAL CuIcaco “serie TABLE eet eabetday vor" jear Ago : On May Corn— Dec. March May Oats— Dect 8% @% st March May 49% Ne. o1% March M 22% @es 12.40 12.40 12.37 13,25 13.60 14.15 STOCK PRICES GO DOWNWARD Steel Shares Ligu Liquidated Freely —Rajls and Industrials Sell Off — New York, Dec. 7.—(APj—Pro- nounced reactionary tendencies de- veloped in today’s stock market. In commission house circles, there was a tendency to attribute the selling to President Coolidge’s reiteration of the statement that he was not a off in * poet and the further decline in the week ae 2 aber, but -in rs the view was ex- Kom thet the he market was entit- led to reactjon on technical grounds e. | after its recent spirited hanneer sand ssehas ran from ent | points some of the fish pal reli Nat all of (Sead day's news was un- | favorable, ho further vance of.15 points ¢ to 16.50 cents was announced in the price of export copper, call money renewed at 4 Re cent and Secretary Mellon in is ‘keeper report to congress today jiness as fundamen: lay pecker and took an optimistic view of the iced toe eae ex- from the high of 438 tra far for Tas ae Taine on London yes- today, tempor- aril; at rest fears. of heavy shipments to England follow- | fe the Pera consignment . since 3 [tal which leaves tonight. tee shares were liquidated rath- es that production level of the ries in-{2 up after the year. Midland Steel Products United. Si down three” 1 Le are took place in the; wpe Pent sold off six and od one:hait | numerous other high! _ineloding. Case! es common sold Contnes Foandrgrand § . Se] “after AE 3 F Wid B $1.08 1.06 1.01 a 21 1.86! 1.81 87 87 $ .70 66 332 ‘A ats | - Bellies: i: gE # SBR | Fae pies BRE : Fee SEE EEE SBR PEE See | EE Rar RE: ¥ FEE _ RRS BBE | Fe @ gue s ist i 88% | core ak 3 Ft 1%] Harvester, | , 7 = Poder Open 1.29% 1.32% 1.845% 1.29% Y% 1.32% h@% MINNEAPOLIS CASH CLOSE Minneapolis, Dec. 7.—)—Wheat | receipts today 157 compared to 67 a year ago. Minneapolis cash wheat and coarse grain closing « :otations today follow: 1 hard spring, fancy Montana ... To arrive . 1 DNS, fancy Mont.. To arrive . 1 hard spring To arrive ... 1 lake ed to fancy. To arrive ... Z 1 DNS, ch to fancy. 1 DNS, gd to choice. 1: “ 1 DNS, ord to gcod. 1. 26% @131% 1 dark northern 124%@ . To arrive 1 northern To arrive . candidate for relection, to the sharp |2 falling steel production last |2 d DNS, ord to good 2 northern . 3 DNS, ch to 3 DNS, gd to choi 3 DNS, ord to good 3 northern ... 1 dark hard To arrive . 1 hard (Mo To arrive . Minn, & S) hard ... To arrive . Minn. & SD, 1 ha ‘cy 1 amber durum. To arrive ‘cy 2 amber ur am. 1 amber durum To arrive 1 durum . To arrive . 2 amber durum : durum ... 3 amber durum lurum .... 1.16% @1.225¢ 1.145 @1.18% + 1.135% @1.195% « 1.10% @1.16% 1 red durum + 1.15%@ ... To arrjve ... 1.1358@ . Coarst eure ‘yellow COrN.....05 3 yellow corn To arrive | broke 12 points, | 3 and losses of aj5 : yellow corn. 2 mixed corn 3 mixed corn To arrive . mixed corn ‘0 arrive ... 4 mixed corn 6 mixed corn white oats. 3 white oats To arrive ... @. 4 @ 62% & 86 @ ‘84 @ ‘Bi we 2B @. + 1.02% @1.08% 1.02%@ ... ‘No. 1 flaxsee To arrive cigtICAco CASH GI GRAIN Chicago, Dec. —(P)—Wheat: No. 2 hard 1:32 3-4; No. 1 northern: spring 1.31 Corn: New No. 5 mixed 85; No. 3 yellow 89; old No. 3 mixed .91 1:2; No. 2 yellow .94 1-2. Oats: No. 2 white . * Rye: Timothyseed: 23.00 to 37.50, Cloverseed: 21.50 to 28.! Bo Lard: 11 Ribs: 11.00. 12.00. ANGE OF CARLOT SALES lis, Dec, 7.—(?)—Rat Bern 1.81@1.35; No. 1 hard 69%; No. 2 hard winter Ne 4 durum 720K: No.2 ed durum 1.20%@1.34%; No, 4 mi wheat 1.224@1.31. Corn No. 4 yello-7 85. No. 1, 2.14%@2.15, sample grade 84@8F; No. nS as : POTATOES Chicago, Dec. 7-—(AP)— Potatoes: ipts 51 cars; on track 275; to- tal United States shipments 554 market dull; ae eee a nc! ane 3 few peg ‘75. | Reduction in x | of foreign governments . *|CONGRESS GETS 4 | enterprise it is almos 7 Receipts: ~4/MAIN ITEMS IN BUDGET FOR NEXT YEAR AS ath BY COOLIDGE Dec. 7.—(AP)—Pri ubinitted to congr Wi ashington, in the budget for the\ by President Coolidge Legislative establishment ....... Executive office Independent establishments: Alaska relief funds Alien property custedian American battle monuments cont, Arlington memorial bees com- mission Board of mediation Board of tax appeals Bureau of efficiency Civil service commissio: Commission of Fine Arts Employes’ compensation Federal board of vocation: cation ooo! 000.00 2,500,000,00 Federal radio commission Federal reserve board Federal trade conimis: General accounting Housing cory oration 3370 , 800, 000,00, and publie pai 2 . Smithsonian Institution a1. 00 000,00 100.00 U 00,00 United States enipoitir board and « merchant fleet corporation. . United States veterans’ bureau. Claims, judgments, ete . ‘ 50.00 50,060, 000.00, ard inde- pendent. establ fresntsces | Department of agriculture . Department of commerce Department Department. Department ey department i | Postof: a: 1 9,5 Seo 81,957.00 payable * nt artment . cluding Pana- State depai Treasury de War Se Dee raITE Nts ul TOTAL, ordinary ivincipal of the pub Sinking fund Redemption of eral reserve ban i termediate credit bank franchise tax receipts .. Redemption of bond of repayment of principal and a: interest payments on obligations 1,000,900.00 800,000.00 171,214,300,00 Redemption of bonds, e' of forfeitures, giits, ete . % | Principal of the public debt . Interest on the public debt .. (24,9€6,200.00 Total, including pos ment and postal $4,140,144,516.47 Sy at station Mich., Ja cost of BUDGET PLANS FROM COOLIDGE |. | ‘(Continued from page onc) ‘would give the navy 696. of the 1 00. planes provided by the £ program and the ar mated number of the 1,800 airp! Post The budget fee department, vei ca w ald be able during the nest year to. |plete more than 10,000 lighted airways the department tion program. Would Cut Federal / The pi companying curtailment of federal a’ projects, a policy which he re as hurtful rather than Lelpful to states. “As shown in the ni infancy act,” he said, the government engage 60,000, but the for of ¢ , and in “addition to the rnity gind | 89 tots ended for he: once f terminate its connection the: We should not only fuse to countenance ad eral participation in state aid proj- ects, but should make careful stud: of all, our activities of that char ter with a view tc curtailing th sions ig, nee for ca rrying ut the public buildings pr n expenditur 2 a year, and f ’anama Canal $600,000 is provided fo. overhauling Yor the first time since pro the Pacific locks, a like amount for tion went into effect, » decreas: continuing construction of perma- rather than.an increase in ‘he funds | nent quarters and $250,000 fo. be- for dry law enforcement is sought.' ginning work on a dam across the A cut of $591,265 in the prohibition; Chagras River, at Alhajuela, Pa: bureau’s allotment for, next year is ama. This project, whi:h it is est the result, it was cxplained, of | mated’ cost about $12 000,000 oh in administration and in and take five years to complete, is bureau, designed for s orage of water for tion of the canal, the reorganization of th: which resulted ir the transfer of use in ope: some employes. to other agencies =| § the government. Saving in Interest The budget shows a saving of The cffogt of transfers is felt by '.$50,000,000 in interest which will be the customs‘service for which an paid next vear o:. the public debt ditional $1,000,000 was recommend-|over this year. In this connection, ed, most of it for salaries of men | Mr. Coolidge called attentior to the transferred to patrol of the borders | refunding of the“second liberty loan 'to prevent liquor smuggling. which he said had accounted for a For the coast. guard the budget considerable saving. recommended appronriations total-/ A table showing estimated re- ing $765,000 less than the amount ceipts and expenditures for this year available this year, but made provi- and next as compared with last year sion for establishing a. coast guard follows: Estimated, 1929 Estimated, 1928 Actual, 1927 this margin $611,754,538 secondary place among the havi powers of the world.” Mr. Cooli-ge “ clared that agri- culture as a whole is in better cir- cumstances than some divisions of industry. “If we do not permit selfishness to prevail,” he added, “if we do not all undertak: to make all the money there is in the country in one year, but are willing to proceed with mod- eration, intent on fair dealing, our econom: prosperity should go on indefinitely.” The members rose as Mr. Cool- idge finished speaking.‘ While they looked at one another for assurance | that others had heaid as they did, 0 | the president silently slipped away {to his private quarters. Butler Refuses to Talk Chairman Butlér of the commit- tee, close friend of the president, i who has predic.ed on occasions that jan irresistible draft movement uld ,claim Mr. Coolidge, eft jtaraiy, chin in his overcoat collar jand hands thrust deep into his | pockets, |. “I won't say anything,” he mum- bled as he almost climbed into the | wrong automobile in his confusion. .|_ Behind him ran former Senator Ernst of Kentucky, hyrrying to get Ninto the chairman’s automobile. Ernst found time to shake his head jand snap at persistent reporters: “it’s settled. He’s out.” Mcanwhile the news spread rapid- ily to the capitol where members of xs generally construed Mr. Coclidge’ 's Statement a; definitely eliminating him from the 1928 pres- idential race. But Senator Fess of Ohio, all ‘along the leader of the “doubting Thomases,” stuck to his guns, Fess’ Ideas Unchanged “The -president’s statement sim- ply means that he does not care to jrun, He does not say that he will not accept the nomination if it is red him by a convention dead- y for those who have trevielanod to succeed Mr. Coolidge and there were predictions that the already launched for eer Hoover, Frank 0. Lowden, and others, would soon be accelerat- ed. The announced candidacies of Curtis of Kansas and Willis of Ohio came in for discussion as did the validity of Speaker Longworth, President Dawes and Senator son of Indiana, The race for the convention had simmered _ down to a contest be- n San Francisco and Kansas as the hour for the balloting ched, with Detroit more for- than ever because of being ition to point the way out Missouri and _ Pacific 4 came to a deadlock. In the background were Cleveland, CHOSEN FINALISTS IN KENT RADIO AUDITION ||™ MISS MARIE BRONARZYE. of Chicago, Illinois Marie Bronarzyk, Chicago, IIl., 18- sn old soprano, and Harold A, lanck, motor car factory worker of head Mich, 23-year-old baritone, just have declared victors over other mid-West State ginging cham- pions who competed at Chicago, No- *eTicy wl he mid-W will represent the mic ‘est. finals of the Atwater Kent foun tion's National Radio Audition, to broadcast from Radio Station WEAF, New York, December 11, vying with other district champions. for cash bool of $17,500 and musical scholar- Chicago and Philadelphia. COMMITTEE DEADLOCKED CVER CONVENTION CITY Washington, Dec, 7—(AP)—More upset than ever by a night of reflec- t on President Coolidge’s latest nciation, the Republican nation. ul committee found itself deadlocked and all but, leaderless today when it undertook | to select a national decision as between Sau ‘o and Kansas City, the com- ar, | mittee recessed for an hour and tte members broke up into feverish groups to seek a privato engage- ment. Starting well out in the lead, San Francisco had fallen from its van- tage point as the voting proceeded, and after running a neck and neck race with its chief rival for several ballots, dropped into second place. The count on the 10th ballot stood 44 for Kansas City and 41 for San Francisco, with Detroit, Chicago, piavelend and Philadelphia trailing ballot 52 would y for a choice. ‘| BUSINESS ON SOUND BASIS, MELLON SAYS (Continued from page one) changes were responsible for the failure of such receipts to increase.” o pReceipts from internal revenue to- taled $2,869,414,342 while income from customs and other miscellan- eous sources amounted to $1,259,- 980,099 or an increase of $134,- 863,786 over the previous year. The $3,493,584,519 total expendi- tures of the government for the last fiscal year, the report said repre- sented a decrease of $124,000,000 jover the preceding year while re- ceipts totaled $4,129,391.441, which left a surplus of $635,809,922, Of was ap-|o plied to retirement of the public debt which was $258,000,600 mor than was applied to the debt in the previous year. This left a total debt at the close of the fiscal year last June. 30 pf $18,510,174,266.10 after normal retiemerts of $519,563,- 844.78 had been effected. Public Debt Takes Half In an analysis of the distribution of expenditures, the report showed that payments to the public debt in the last fiscal year absorbed 61.1 er cent of the total, military func- 605,499,983.44 .2,224,992,800.25 644,421,541.56 654,480,115.85, 4,129,394,441.10 Customs .......$ 602, 90,000.00 Income tax 2,065,000,000.00 Miscellaneous in- ternal revenue 640,545,000.00 Miscellaneous re-, céipts .....-, 501,952,314.00 Total receipts 3,809,497,314. 00 Total exverdi- tures (includ- ing reduction of the public debt required by law’ to be made from or- dinary re- ceipts) «..... 3,556,957, 031.90 JETS ey Excess. of re-, ‘ceipts | $. 602,000,000.00 2)168,000,000.00 > 638,545,009,00 670,053,091.00 4,075,598,091.00 3,621,314,285.00 | 3,493,5°".519.40 635,809,921.70 svense 252,540,283.00, 454,283,806.00 ting jeopardy our industry, or “Jour agriculture, to serve the heeds of foreign debtors, Here nat we Be sued must of pur wn peopl i Must Build Up Navy } of nana en a ESgtroaert A a. iene of aggrest ; ballored ak. is commit- oda less the. convictions ‘of my ntrymen, we. are likewise de- Sorat to enter no covenant that on put assigns to the United States any ions 31.8 per cent and ordinary civil functions 17.1. Emphasizing that the cost of past wars occupi an iupor’ .’ pla in government fi- nance, the secretarv estimated that the world war cost the United States $35,119, Lelia Reiterat his recommendations for tax ieee lation as outlined to the house ways and means committee, in Wine he urged limitation of re- ion to E Ps jon further urged congrss to re- move the i trem sorecnineny securities ‘so that corporations Inada investors would be on a nn ernment securities ing wit tox sap iar and ma exempt states mu: ing issues. . to iy tooling te tothe ‘welfare | grote 20 BELOW ZERO IS PREDICTED HERE TONIGHT (Continued from from page one) night and this morning was seven below at 8 a, m. An additional four inches of snow was recorded at the state reforma- tory weather bu: bringing St. Cloud’s total to date to 29.4 inches. All highways from St. Cloud were blucked. Bus service was curtailed Tuesday afternoon at 5 r. m. State highway snow plows and crews of snow shovelers were sent out at 9 o'clock last night to rescue three bus loads of persons stalled in drifts between Big Lake and Becker. The belated busses follow- ed the highway snow plow into St. Cloud at about midnight. Trains were running four to eight hours late with engine crews report- ing drifts piling up almost as rap- idly as they were cut through. treet car service in St. Cloud, Sauk Rapids and Waite Park was normal today as cars had been run at revular intervals all night to keep the lines open. State highway officials ‘declared they would not attem: ~ to clear the roads for travel until the wind goes down, but were prepared to cope with any emergency A number of minor fires were re- ported during the night and this morning, with no serious da:nage, ROADS IN MINNESOTA COMPLETELY BLOCKED St. Paul, Minn., Dec. 7.—(AP)— Practically all roads within a hun- dred-mile radius of the Twin Cities were completely blocked by drifts of snow today, according to the state highway department. Scores of plows were held in readiness to clear se aid as soon as the blizzard is "School in the outskirts of Minne- apolis were closed when so few pu- pils appeared that it was considered useless to try to conduct classes. Schools in the meee. central sections were opened, but reports indicated that only about a third of the usual atenaanes ‘was present. Trains Running Late Trains from the east and south reached here 30 to 50 minutes late. Trains from the west, where the storm is more severe, were from one to six hours late. Great Northern and Northern Pacific and | Soo Line passenger trains ar: Tae ten ae to vo ive ith on @ result of snowdriiis sa ...- kota. Delays to trains were ex ed to continue through most of od nesday as the drifting snow piled Old-time pared the storm to oii blizzard in October, Highwa: standstill at. Water i is at .. standstill at while southeastern South Dakota having ite worst storm of the lies were their but escaped exploded in an parlor, day. ‘Hunt sajd he bel! elt with whom tay _ Ing a se] from bonabed the piece Lutherans Hope to. Build Hospital at Jamestown Soon Need of a Protestant on oe some central North ian coed fo addition to Eaten ae ae Lutheran churches of start a movement to he Pa for the building of such. an ‘fast tion at Jamestown. _ ide fea of ae y the Lutheran Charity has engaged Rev. John G. of Arthur to act scliciter, = Chicogo, Dec. resdiaps et thrown from eg that ye bri “A under way and indications are that the undertaking will be gece Jamestown was decided as the logical location for a J hospital, Rev. Bunze states, since | there is only one hospital there at | the present time and that operated by the Catholics. Establishment of a second hospital there will make’ that city one of the medical centers of the state, the Lutherans believe. MEETING HALL BOMBARDED Veinna, Dec. 6. eaten Sao i vod when the nation- al ort x Hel Sale this morning at Salgo Fern, oan ian- gary, a squad of pom shirts” bombarded the meeting mit in a synagogue with stones. Hun- dreds of windows were 51 Shee members were slightly injure. NEW SALEM WINS New Salem, N. D., Dec, 7.—The New Salem high ‘won the first game of the season from. = Salem Ullin St to 6. early lead and was never throughout. The work of the jr, doatured te een, ae meier, feat e scored a total of game was played at ‘New Salem, A resident of Worcester, Mass. has equip; his radio with eight fun 5) which he has ingtall-: in the homes of e Soc He charges each a for the service, roped take raga Poesy escaped capture by a forei while in office. "baring the war war of 1812, Admiral Cockburn and the British fleet raided Was but the President and his: wife the NI shortly before it was urned, Too Late to Classify FOUND—One pair horn rimmed glasses in the back seat of one of our cabs. Owner can secure same at Blue & White Cab Co. . FOR RENT—Two modern furnished basement rooms. at 515 Anderson street or phone 979-J. front FOR | RENT—One nice cosy shart in all modern house, Phone 5: For call at S22 Ninth street: WANTED Tao men for Managers at Bismarck and Man- dan for The Mid West Assocjation of Fargo. Canny perience not and earnest pereeary,. nenmay = be a successful business more essential, We give pels full home office cooperation, interview see Su Room 406, Grand Pacific from 10: to 18 abd 140 8 See