The Bismarck Tribune Newspaper, January 14, 1928, Page 2

i * fall to 10 a i | | | | MARK ET'S | \ CORN PRICES ~ PULLED DOWN Profit Taking on on Port of Hold- ers Lesds Also to Late Setback in Wheat * Chicago, Jan. 14.—(7)—Enlarged 4 a Ling offerings of corn pulled . Prices down in the corn market to- a Oe after an carly advance. Profit- taking on the part of holders led * * also to a late setback in wheat val- " ues. Meanwhile, No. 1 white oats » sold in Chicago today at 60 cents a <, bushel, the highest price since 1925. » Corn closed heavy 5s cent to 1% cents net lower, wheat % cent to ‘2 scent off, oats unchanged to 4@ 1% ia Cent down and provisions unchanged | & toa setback of 12 cents. = . With es expected to ove zero by Monday, and aed practically no shield an; | Where for domestic wheat, specula- y tive buying of wheat futures deliv- Feries here increased to a consider- able extent today. At times, offer- ‘ings diminished to a corresponding bdlegree, and for the same reason. conditions -in Canada tended : Selso to lift wheat prices. ) <= Increasing export demand for ‘=€orn acted to some degree in the ‘Scorn market today as a counter bal- -ance as against a cold wave predic- “tion. New York advices said corn export business there this morning Swag the best yet of the season. On the other hand, low temperatures - Jooked for over the corn belt were talked of as likely to facilitate the crop movement from rural sources. PROFIT TAKING FOLLOWS FIRMNESS AT MILL CITY Minneapolis, Jan. 14.— (AP) -- =~ Wheat futures d yed firmness "early in today's session, but buying “failed to follow the advance and a ‘weak turn in corn prompted protit taking. A setback 6-8 @ 3-4 cents under yeste "s close resulted. Finish was near low levels for the a Other grains dragged on late je. Qate gained 3-8 cent early and Pased back. May rye was firm early, but eased with wheat late in the session. May barley gained 5-8 cent early Bnd fell back on ease in the cash market. Flaxseed offerings were light and May advanced 1-2 cent. Cash wheat offerings were small- er and posted receipts and demand ‘was better in some of the depart- ments, High protein and good weight con- tinued in demand. The general market wap steady to firm. Winter wheat was firm to BE for choice. Durum was steady and quiet. Corn offerings were fair and de- mand was higher, the market un. settled, except for good color ani weight. Oats was quiet and steady. Of- ferings were larger and lightweights dragsy. Rye was in smaller supply and de- mand fair to good. Barley offerings were larger and By Associated Press Leased Wire FINANCIAL NEWS bess lata! oy Rin TABLE + Close Close Yesterdsy Year Ago 1.29% Be Wheat— March May —Today— Open High 129% 1.30 13.% @1.31 duly Corn— March May duly Oats-— March May Suly 1.02% 98% 12.30 12.70 15.00 15,00 17.75 16.50 best; to 12. Sheep. 3,000; pest tf none on|2 sale today; for week 79 doubles from feeding stations, 9,900 direct; fat lambs Cee 25 to 35 lower; rlings steady ull highed: feedin ; Ia fed western vats, 12.50 to ta natives 12.25 to 13.50; fat ewes 6.50 to 7.25; yearling wethers 10.50 feeding and shearing to 12. bail tsa RANGE ore” “High Low Close 1.27 1.27% 1.26% -.26% 1.27% 1.28% 1.27% 1.27% 1.29 1.29% 1.29 28% 1,021 1.03 51% 52% 2.17% 8015 March May Jul; ye Md a Gate March Ma: Ma: May 03% 1.03% 1,02% 52% 52% 2.16% 2.17% 2.16% e— 80% 81% 80% DULUTH RANGE “a 52% Durum— March Ma 1.21'3 1.22% 1.21% 1 Mer 1.05% 1.06 1.05% 2.18% 2.19% 2.18 May BISMARCK GRAIN (Furnished ‘by Russell-Miller Co.) rek, Jan. 14 No. 1 $1.10 . 1.08 No. 1 amber duurm 99 No. 1 mixed duram 95 No. 1 red durum . 92 : ae 21% 1.0543 2.19% sales were mostly 1-2 @ 1 cent low-| N; er at 85. Flaxseed offerings were larger, but demand was brisk and the Bark premium basis was firm. STOCK MARKET REACTIONARY Break Follows Early Period of Strength—-Credit Situa- al tion Is Uneasy —— New York, Jan. 14.—(AP)—Stock : turned reactionary today after ‘an early period of strength. The - Teaction was not associated with any development in the day’s news, but) py probgbly represented a combination of, one and profit taking and “bear” selling inspired by the general un- | easiness over the credit situation as it avplies to stock market conditions. r broke six 4 tz, per cwt, a bg No. 4, 55 Ib No. 5 One per po ‘une der 55 Ib., ear corn, 70 Ibi necae under shel}. Hard winter wheat . Dark hard winter wheat SENRBAEOUS CASH CLOSE Hensel, Jan. 14—(#)—Wheat receipts Soriey, 206 compared to 125 @ year ago. Minneapolis cash wheat and coarse grain closing quotations bed follow: 1 hard sprit 1.738% % 1 hard spring. To arrive . 1 DNS, gd to f suki '» 0 fanc. To. arri ¥ jachine four | pn, and one half and a number of other aon see specialties eek sold down two points en International Sickel, ¥ Marien B rs, Borden and Packing preferred. United Steel ioeren and General Motors sold off about Pa and cancelled its initial gain of CHICAGO LIVESTOCK Chicago, Jan. 14.—(7)—(U. S. D. erg 5,00C; general mars 1 Saher; spots wu all wel ss 1 150 To arrive .. 1 northern ... To arrive .. 2 DNS, ch to fancy; 2D) S, gd to choice. 2 DNS, ord to good. 24% LaTK@L, 63% 1.50% 1.37% 1.33% 59% 2 northern ... 8 DNS, ch to fancy. é ae me choice. a , ord to good. 3 northern 1 dark hard (Mont. ie 'o arrive hard (Mont. To arrive Minn. & SD, hard FFFEREE subuaat ety ret 1 po durum 'o arrive ..... Fey 2 amber durum. 1 amber durum SEEEEE reese wa EERE m sesseeseee Zeek &B 3B; &: a Bb 1.27 1.27% 2% 55% @% 52% 52% 1.08% 1.09% 1.04% 1.04 108 11.9) f 1230 12.20 10.90 11.37 12.35 12.20. 12.75 light vealers closed at 11.00| Barley, lower gds To arrive . @... 1.02 aie % rs; | eration ee cores ited States shipments 168 mi ‘ars; supplies moderate on russets; arket about steady with slightly weaker under tone; other stock de-| © mand slow; market dull and weak; Wisconsin sacked round whites $1. to $1.55; fancy shade higher; Minne- sota sacked roundwhites Ohios $1.40 to $1.50; Idaho sacked russet Burbanks $1.75 to $1.90; fanc: — higher; Varmpedte ek $1. to $1.60; new potatoes, Florida bus crates bliss triumps $2.00 to $2.28. Minneapolis, Jan. 14. bas Ary .S.D. of A.)—Potatoe: | wire inquiry; demand slow; mi ina stead: Carl delivered frei only deducted, Minn and St. Paul rate, sacked hu weight, round whites, United States No. 1, $1.35, few low as $1.30, RANGE OF bec iesyate SALES Pa dongpe cual whe Ni ’ 1.16 1.8; No. 2 mixed durum 1,18 1-4; No. 4 mixed wheat 1.22 1-8. Corn: Nore. oats: No. 2 white .53 3-4, sj No. pS 1.02 5-8 to 78. . Flax: None. Barley: No. 3, 81 to 81 1-2, CHICAGO CASH GRAIN Roem Jan. 14.—(AP)—Wheat: Corn: New, No. 3 mixed .86 1-2; | be No. 4 yellow 87; Old No. 3 yellow | Pe 91 to 08 1-4; No. 5 white .86. Oats: No. 2 white .86 to .59: 2 _ = 1-2 to .56 og 7? to .93. fica 8.10 to 3.85, Apres 22.25 to 29.75. 12.365. CHICAGO PRODUCE Chicago, Jan. 14.—()—~Butter lower; receipts 11,794 tubs; wre ery extras 46%; standards extra firsts 45: Ae: firsts ‘ane | i 5,102 receipts guoal see MIN! POLIS FLOUR Minneapolis, Jan. 14—(®)—Flour nes inged, ipments 44,183 bar. rels Bran 30.50@30.75, CHICAGO. POULTR' Chicago, neesipe three cars; steady; % \fowls .20 to .23; sprit “19 to 24: ee ees turl to ters ducks .18 to .22; geese .17 to 18.” 2 | HEARINGS ARE BROUGHT NEAR this {com Contin trom lonparti. sans, s, who elected tl the wae Nong not been in ment with the ¢ ecutive’s pol! he has leaned too much toward the ‘opposition in some of his actions and has not properly trial program. been the cornerstone of the Nonpar- tisan League. Both factions are parts of the Re- ican party in the state motio:: of L. Lj be Twie ‘I Coss ‘sounty, of th gover- pe a) construct a term- inal elevator at Sioa Be serous a jie not in tavor of rted the i “which has long | % proposal “looked bag” ee@ that he that, aince the four, praesicatiy all tenew it was Money “ta blow up pet Helge! ” si & was apperent thet the expected dattle of auditors, during the course | St etr of which gi least four acooustants te were to have been placed op the stand, would not develop. The sd. ae mission ta la mill fee the senate fact- and‘ the mill audit were correct, was bell Ys ‘have cffectively disposed of that question. The committee today was lookin: however, for William ‘Schants, Bi: marck, who audited the effairs of the me Grain company and the |. 8. Joseph company at the gov- ernor's request. Both Minne. | Ber: spolis firms. oe Schants, Ovt of Rep. L. L. Twichell, said he did not wast ‘schaths on eon about saying he ye made 8 et tending to Land Bodie | "eas an Ie at wi nie |B eure fire provela mea! ‘Wheat Coot Tee High disprove the and that the Comunitiee wes was éfraid to question him. bi Chairman Ployhar said he bad asked that Schantz appear before the committee, but that he was ree rer ported to be out of the city. ts nT . be back this efternoef, he ea’ sald. Neither Lund, K. C. Nelsop, mi‘ auditor for the industrial commis. ston, nor F. F. Burchard, the { nor's mill auditor, will be called to testify. Discussion of ths freight rate question rane Bad ae aus 3 governor had to! peaker in W. Carr, Jamestown, that he bd the | Pave rath ee “ine state railroad board i. agreement on th break in freight rates in North kota and the question of free transit or the state mill and elevator. These questions wil] be taken up Ha esha) Monday, the committee *eReiterating dhs hosagse for exon: by Fowl. at ae sans POS t pa ore heat from. that. fi i charee of the mile : tteirs. je 8 jea se tp cee con ‘ine tne ota, see erat 31 elevator, Governor a See wie | wa OR created a mild ye he appeared "he ot conmiin si is, egltar, wien special his management of the state-owned onthe e governor hed not ‘Deen expect | 82 ed to appear but after erences various poll bet ‘ser who seater, ite 8080 “ In some word ema which he sent to the the i ie jslature last ‘aM 8] the hy pet ogy some o! si ie oa ore st Coa eee mittee” appointed al session oranda the state mill ange elevator.” vernor admitted he has |} 8 of mistakes” in ibis life- |§ that he had profited from those mistakes pedir in the manager weer im the mill in 1926. rel. With which ring a Pye teat the Jong on - me ¢ at ane pe ty thet iam without, to del ver whei was th nin desta a ny ris, eit, te te may it on every eption yo a ee e onli went in tite abled it show an ne ep the iret Seven mo! je pres wheat Lt the wheat in the ren tne sock ‘appear on ‘ea having | ni made from com! : nid "the resson, he said, tic thee es co elon ee | al anes the count @ count o sen 90 per cent rough the com: als with iesion eeu ot Forks, wi He report “= it faa” that the se atieics sift thet, such section, only fair to him ~ to tink rt Ree x | or miliine in depending on ans arket. ahog tate reat acess | ca oe on esd wha future nen Fpeet, iP eee ae ae es a JANUARY) we tthe es ef sei sit oy ie S| ae fies I se Bive! rt wer ere! v4 in Sreuunns sha aoe 2 Bed i RW face eat iy ae e ae wh 01 durum ate eae ar un a Gig. ae he | uct averre rah £. | creating fe Sie t ih and elevator vel he mi gin to jor the privilege ‘The Present ott aearent meson rection eri een a310, fe for thinks ier te faa she eur pe i ePiaineld, mi He to concede ti Ls eee hat it moe rite Hy “tor Buying more wheat at | Aor ‘J rs in suce ‘be out of luck. a sdnenise a FF ne ; system, ee oBurehes ay dist Ausyere ane say ae ere iviaee, ies yi ntrole # een 0 — buyer when he ae rita ti -its Fight that he bad the commi ations and rumors mt ieee manages 0 tha state | titi Pa aa aee oevemnest in sn Ft when he fi nied 5 (: rar rat ine mbes! cot : the grou! fin ro Sue was merely 8 er polnred, tot ni Lf “ ur toe if 413 in 1938. an craane came oi mil x they Naty esti, Ea ae oe ‘eport each Mon! er comment RY REE ¢ gi ont! eal th The r food "and ae a ane 1 hes noe mE pie ri rah aisha ss profit. cers said. Tne it eet wen 1 ae for | ir Pam it was poying mager = rhaat and seid eet Satie r iy sees ould, the wont bes to pick ne Mirae toe aaasion ten ee onysinrags he oe fs the ola i one te nS 6 Y Lorene, oD e pron es of i a sat it in 1936 she mi aoe ate He ac: 0 anid, | tn Sta (a rth Baca tor, ne inks toh Be cee ie ea C ire es 000, Ff ae Sates a eal vii arges. ce i nat 8 ' einat sa be si ao ae we can, at i icp ie Sap ner gall: Py wget speaker ay oR ee a a Ming of his travels in connection oes ace iat a pie n bg there fi an te ret. ty ria vi sate mn out- lc does at bel Hie sald, tne bat cose folatur n: wat ‘net ert {' re py} 5, of Th should s . will pM wie “gonnection ni ie ie enn sae? if se! ed Thomp- 4 30 it. flou stimated t Kye ae ee ent rye flour. e ty] estimate of, a wi orn hea? the pie 3 e ue tor Pa: ence, compet pf ncer etill on the the vies re i jeves, ative said, that the govi ado) - some of flood con ‘trol * an ul ve ar of rivers entering a that they 6 out i attention to the Grain et St, fromthe re ‘was the first wi eee, Be din tinged’ with ria pees joa) wee politic I don’t Nitics to |e ed to strike Sd cord, with a f ta Pa Me wt Roce sar mee tment be ener about tstag th the with the flow ero the fal ire “aad” Atte! tne e by tl fa dae a ui < sae | Eee ane pala a, the i, pri coule mil ‘8 stor: nha § narad correct, al las Dell Pushpa Renvilie i the se pers interented je Was ome a ui oe Wa ii irae ar eal wt - evinier ing te, the waprarnee Y b= een rake fons eee eae lent ion fi irk Fe tf ae would mele the rt + 2.3 per gent estes oe «per cnt, ys e sae Femuinder Peron th he wi ees ears esctnle Ro Pobjee cottons to it whatever,” eotttn for aye oe zit Ky nt eae stir. no. control?” He was ex- pace a meee eer Pate sub. ect 0 8. a 4 q Senator ‘ou ait such x ike commitiese, acre ee a — See Brie ce = SB gt ghechete iJ eg Ti toae tt he come. i in ete Pe ae ary sie of ih homer q i aisle canter wi : ng ment ae “ish “a Ps rem eens sere ‘namlean ele is ar sie == Sere ponte ae