The Bismarck Tribune Newspaper, January 25, 1928, Page 2

BDAY, JANUARY 25, 1998 Pa , 0. 3. Henson, H. Wi MARKETS | By Associsted Press Leased Wire GRAIN _ LIVESTOCK WHEAT VALUES |, akon TAKE SETBACK)*323 Margh td | May 1.30% Market Influenced by De- clines at Liverpool and @' duly 1.265% be? arch Weakness in Stocks phi Chicago, Jan. 25.—()—Something of a setback in wheat values result- ed today from weakness of the New| Ga York stock market and unexpected | “March declines of wheat quotations at Liv-| “Aare! erpool. Corh declined with wheat) and on account of favorable weath- er. Starting at “@% cent off,! wheat later held near to the initial | Tange. Corn opened % to % cent; at 15 cent lower, and subsequently declined a little more. Oats werc| easy. Provisions likewise tended | y downward. F Aside from bearish effects of breaks in security prices in Wall| strect, the wheat market showed it-| self sensitive to reports of larger | shipments of wheat from Argentina | and of free cheaper Argentine of-| ,, “\2 | i —Today— High Low Close 1.30 ; 1.26%; =A MADE Tae. “10k -HOR” 91% & SIMPLE. THING @% 92%, May July 54% i “ / W. F. Reko, W. H. Stuts- @%O55 ; ie te (i —. pari man, E. A. Tostevin, John Ellison, May ee ot 55% ‘ a ‘ : J. T. Nelson and G. W. Stewart; @6@56 | Mountrail—John A. Johnson, C. P. 152% Elmer _Ellenso 1.105% 1.097%, 1.04% 110% 140% 1.10% : 1.0955 1.09% ia 1.03% 1.03 — Soe Ry. ate The MYGHERIESY : 851185 Oro ane Hesci Seas * NOHAWH me @15 11.55 “4 Mow DO vou KhowW 6, GOW 10 GATE 2” Hilberg; the | S¢Y¥--Mrs. F. P. Mann, Sr., Mrs, W. J. Redmond, F. H. Hyland, M. H. Graham, Noel Tharalson and R. J. Richlosd—M it Lynas, & to national conven- MT zer, Jr. M. T. Hef tion. Rr Reels is that 39 tent Rolet Eereeresegeeeregersresre er? 11.60 SEPECPe cee epbetreres RCSRs SReeees Soe eee. Sa) sppagees ~**Batley was quiet PUUECED SV EE EMER GTES GL DENT OES ECON ETON OOS TORRE ERB OE EEE oo eeaze see : noms 7.00@7.50; slaughter pigs 6.50 ferings at Liverpool, where quota- | cal tions were already below parity with Buenos Aires. On the other hand, complaints of dry weather over do- mestic winter wheat sections per-! sisted, and it was reported officiall: that a considerable amount of wheat in the western third of Kansas has failed to germinate. Clear, cold weather in the corn belt, auspicious for promoting the movement of the corn crop, gave a material advantage today at times to bears on the corn market. Mean- while, corn receipts here continued liberal and also at Kansas City, Omaha and St. Louis. Country of- ferings of corn, however, were re- ported in general as light. WHEAT PRICES WEAKEN ON MILL CITY MARKET Minneapolis, Jan. 25.—/P—Wheat took a header late in today’s session and prices dropped 1 to 11, cents under yesterday's close. Weak cables, slack export demand and speculative dullness vicre weaken- ing factors. its weakened with corn, breaking % cent. May rye sagged with wheat. May barley was quiet and easy. May flaxseed broke 1% conts on ntine weakness. ash wheat offerings were light and demand was quict to fair. Bulk of the offerings sold at- unchanged differences, but the market was easy in spots. Betweer 12 and 12.50] 2 protein, the market was easy tc one cent lower. P Durum was steady for choice, easy for medium to poor quality. Corn was somewhat in better de- mand and the basis was steady to firm. Oats were steady. were skimpy and dei Rye was firm v. demand. No choice ket. Of<erings d_ was fair. fair to good is¢ the mar- easy. Buys ers generally were bidding one cent less. aenee was 79@86. Flax: offerings were larger and the market was unsettled. De- mand was fe SO. ST. PAUL LIVESTOCK South St. Paul, Jan. 25.—()—(U. S. D. of A.)—Cattle 2,700; slow, run Jate in arriving; steers and yearl- ings dull; steady to weeak; 25 cents |‘ Jower compared with Thursday’s Jate_close; top medium weights 14.25; bulk salable 10.50@12.50; she stock unchanged, largely 7.00@9.00 for cows and 8.00@10.00 for heif- ers; cutters 5.25@6.25; bulls weak, talking 8.25 for best medium grades, 8.75 for best beef offerings; stock- ers and feeders dull, tending lower. | Calves 3,300; steady, good lights 12.50; choice 13.00 and above. Hogs 25,000; desirable light _and medium weights early mostly 7.90; top 7.90; bidding 7.75@7.85 on heav- ier butchers; other classes steady; ae lights 7.25@7.75; packing sows 6.75@7.00; bulk 00; average cost Tuesday 7.91; weight 212. _ Sheep 3,000; nothing done early, bids steady; sellers asking strong to 25 cents more hgiher; holding dest lambs around 13.35 or better. CHICAGO LIVESTOCK Chicago, Jan. 25.—(#)—(U. S. D. of A.—Hogs 28,000; fairly active to shippers, traders and small packers; steady to shade lower; top 8.30; all weights 160 to 210 pounds upward to 8.25; bulk desirable hogs 170 to 210 pounds 8.20@8.30; 220 to 300 pounds 8.10—8.20; few butchers 310 Pounds up bid 8.00@8.10; pigs un- even; better grades strong weights about steady; others weak to 25 cents lower; bulk desirable kinds 7.00@7.50; light weights downward to most packing sows 7.15@ it kinds to shippers 7.50 and above; pymeigne hogs 8.00@8.25; medium 8.10@8.30; light 7.75@8.30; light lights _7.25@8.30; king May!1 DN 1,60; too few sales new potatoes to quote. Minneapolis, Jan. 25.—(AP)—(U. S. D. of A.)—Potatoes: Light wire inquiry; demand slow; market dull. Carloads delivered sales, freight only deducted Minneapolis and St. Paul rate, sacked hundredweight, round whites, United States No. 1, very few sales, mostly around 1.35. MINNEAPOLIS CASH CLOSE Minneapolis, Jan. 23—“)—Wheat receipts today 189 compared to 106 a year ago. Minneapoli. cash wheat and coarse grain closing quotations today follow: 1 hard spring, fancy Montana 1.6 To arrive ....¢s.. 1 DNS, fancy Mont. 1 hard sprin; ‘To arrive DNS, gd To arrive ..... 1 DNS, ch to facny 1 DNS, gd to choice. 1 DNS, ord to good. 1 northern .. To arrive . . 2 DNS, ch to fancy. To arrive ... * | broke two to seven points at the 4 again before midday and turned up- ; |ing started off at a terrific pace but WALL STREET PRICES DROP Stock Market Experiences Sharp Reaction as Result of Heavy Liquidation New York, Jan. 25.—(AP)—The stock market experienced a sharp re- action today as a result of the heavy liquidation inspired by the unexpect- ed increase in the Chicago Federal Reserve bank rediscount rate. Prices opening, rallied moderately, sagged ward in the early afternoon when heavy buying developed in the pub- lic utilities, several of which ad- vanced to new high records. Trad- slowed up on the rallies. The market, having advanced rather steadily for five consecutive days, was in a vulnerable position —inO BECOME FAMOUS. AG? AN +ALL ROUND” KAT ~ .—Doswr if § Get You? GOT evening ae a banquet at which| procedure different. The a@ prize winni! Feeding of Dairy Cows” will be read| better, but I felt it was not the by H. E. of Fargo, state|spirt of McGraw.” boys’ and club leader. At that time the boy or girl who won the contest will be announced. C. B. was for selling attacks. Several “pools” 2 ang Rd to choi 2 northern .. 3 DNS, ch to 3 DNS, gd to choi 3 DNS, ord to good. 3 northern 1 dark hard (Mont.) To arrive . . 1 hard (Mont 55% To arrive . c 554% Minn. & SD, 1 dark i an 1.23% @1.26% 23% @1.26% | 25% @1.26% 3% @1.26 14 | 1.52% @1.47' To arrive 1,385 @1.47% | Fey 2 amber durum. 4 amber durum. To arrive 1 durum To arrive 2 amber d 2 durum . 3 amber durum red durum. . To arrive .. se s Coarse Grains yellow corn. yellow corn. To arrive yellow corn. To arrive .. yellow corn yellow cor mixed co: To arrive mixed corn. mixed corn. white oats. white oats To arrive white oats. Barley, ch to To arrive .. Barley, med to gd To arrive ........ Barley, lower g To arrive Sie... To arrive No, 1 flaxsee * To arrive 154% 32% 49% @ 51% 83 @ 85 102 @ 2.1144 @2.2315 2.113@ MINNEAPOLIS RANGE jan. 25 Open High Lew Close Wheat—" March = 1.2! May 1.2 duly 1.2733 1 ye— March 4 1.26% 26% 1.2 1.0255 1.02% 1.03 Cattle 8,000; killing quality fed im 3 trade Mey 1.03% 1.03% jats— 5258 51% 51% 214 2.14% a 81 8013 803% 78% .79 878% BISMARCK GRAIN (Furnished by Russell-Miller Co.) Bismarck, Jan. 25 No, 1 dark northe: 2.15 , | Which had been operating in the Gi; |SPecialties hastily withdrew theiP + | support, but others resumed aggres- 114 | Sive operations as soon as the first j {outbreak of selling had spent its ; |force. Gold Dust, for instance, sold 5 |¢ , Steel mill o down two points to 88 and then rallied to a new high record at 9544, Federal Light and Traction, Consol- idated Gas and Luacek Gas also reached new high records, the last named soaring nearly 16 points above last night’s closing quotation. Renewal of call money at 344 per cent tended to keep liquidation with- in bounds although the subsequent calling of about $20,000,000 in bank loans aroused misgivings in some Finley of St, Paul, field representa- | MANDAN NEWS tive of the American Guernsey cat- tle chy will speak on “Junior Calf i poe at eae oe 1 to ion of officers of e si associa- rto! De! tes tion is scheduled late this afternoon. Mo mn egal ‘ ition Sncbes | State | Nonpartisan order ai a. ep . Re . the North Dakota agricultural cok] Meet Uninstructed ioe, sitet on edonee af “ales county Nonpartisans, ion, an at ss Of ii had been given by Secretary David Papal hg aoe weal S. Owen of the Association of Com-| an uninstructed delegatiun to the merce. state convention, February 8, and ueegral factors rere advanced by made no e! of any candi- ir. ur tl am in subject “Tomorrow's Agricul aan ‘ fo a for office except the legisla- sul nt ‘is assertion that ' mention further outlook is bright. eae eine and dead int thie ju. speculative quarters. A series of favorable dividend announcements, including a 3 for 1 split-up in Air Re- duction and increases in the regular rates on Mathieson Alkali and Lig- gett and Myers issues, together with reports of a further increase in eel rations, also had a sus- taining influence. _Market observers were widely divided as to the ultimate effect on securities prices of the higher Chi- cago rate. There was a disposition im many quarters to regard it as aimed primarily as a check on se- curities speculation while in others it was looked upon as an indication of Sten commercial demand for funds, and therefore as much bullish as bearish. Easy money, however, has been widely recognized as one of the main props of the recent “bull” market, so that any general stiffening of the credit situation -naturally arouses apprehension in speculative quarters, —_______. RANGE OF CARLOT SALES Minneapolis, Jan. 25.—()— Range of carlot.grain sales: Wheat: No. 1 dark northern 1.26 5-8 to 1.69 1-8; No. 2 dark thern 1.30 1-2 to 1.54 5-8; No. 3 dark northern 1.28 to 1.57 1-2; sam- Ee grade dar’ northern 1.51; No. 1 rd spring 1.84 1-2; No. 1 hard wher 1.26 1-2; No. 3 amber durum Sample grade .78; No. 2, Cori H No. 4 yellow 80 3-4; No, No. 3 white .51 7:8 to .38 Rye: No. 1, 1.03, Flax: No. 1, 2.21 to 2.27. —_—_____— CHICAGO LIVESTOCK icago, Jan. 25.—()—Wheat: No. 2 mixed 1.29 1-2. “Barley: 83 to 3-8. “There is an optimistic future be- progressive movement,” the Frazier, Lemke, cause, although there has been a named, rapid increase in population, there oe and T m Joe Renner, Charles Keidel and Steve Tokach were lor has been a lessened a tural population,” Mr. Barling said. There has been a decline in the num- Ling a acres ia Cage land. Our whole agricultur luctive system is being res ree arcing have been improved cropping methods, more modern machinery and better hous- ing facilities f i Ng 3 Mtr. Burlingham’ congrataiatea| Mandan High School ar eeoaketa on the progress that] to Have New Teacher has been made in dairying. pacman Mantes Ed Chevrolet Dealers PPE ptart ple ier petmnge and Salesmen Meet in Bismarck Today |on4 semester. North Dakota and eastern lontana are in Bismarck teday at- tendin ; a retail salesmen’s ee pales, ela, at the Grand ac 01 direction the branch office of the ‘argo. While will also visit the offices a: gar- age of the Capital Chevrolet com- pany, which is the distributor for Nae schoo being held here is e ere is one of a series planned for the state this week, for the purpose of im- x Corn: New, No. 4 mixed .85 1-2; ld_No. No. 3 yellow .88 1-44 to 1-2 2 white .89; No. 6 white Oats: No. 2 white .55 to . No. 3 white .54 3-4 to .55. Rye: e Barley: .83 to .95. Timothysced: 3.10 to 3.85: Cloverseed: 21.75 to 29.50. Lard: 11.85, Ribs: 11.25. Bellies: 12.75, MINNEAPOLIS FLOUR Stoneham Assumes Full + po New York, Jan. 25.—(—The Evening World today quotes Charles A. m, presi of the New essay on “Care and|change may have been all for the| sociat TO HAVE GME Sweet yYouNG THING PRIS YOU 10 BART LIKE HOD” and national “Hoover-For-President as- ” t New York, Products were wera neta Armour’s Universal Oil Products Stock |7% 1s Worth $30,000,000| 2705, "on, Chicago, Jan. 25—UP)—The Her- ald and Examiner today said ‘that! es stock of the late J. 0; Armour} Universal Olt oducts com '. as worthless oe en has added ernoon. on the committee was | tis, Lis! imi Harrieoe 8 = Thomas; |. Atkins, Towner coun- lention Brya 4 when the) county: Ht, reor- |W, G. $30,000,000 to Packer's widow. | ‘was by Mr.| the ferences of the congressional dist to select a/ massacre bega: names i and Linus Johnson; Sargent—Nils » F. X. Wanner, announced their vical P Wes. eae utsman — Carr, solidly behind a candi presidency who would be a middle ‘western poner tae on with - sympathetic problems | of | Ward—Mrs. 0. G F ‘ SS ae eS oy aig ce * rs Ths many | "HL E, : i wales » &. Pol eS SPERRY TELLS WHAT CAUSED BIG. MASSACRE Lisbon Man Says Failure of Government to Keep Prom- ises Was Responsible Grand Forks, N. D., Jan. 25.—() - is _ Rasiags of the f.deral g-vernment mem! to keep its promises to the Indians By regen ler to five| of the northwest was responsible for the Minnesota massacie of 1863, cording to C. F. Sperry of Lisbon, as quoted in North Dakota state t. | historical collections. of § "s observation: mele, & ory teat ie pte le! history at Green, Barnes Jacobson, 33. T. Owens, Willen county; P. sy Ward county, and George F. On motion of L. L. Twichell, Far- the into ganizing the convention when A. L. Garnes, Burleigh county, who hi nominated as one of the secretaries, asked to be excused. Netcher was named in his place. The order of busines: whose names will appear as candi- dates for convention delegates, elec- tors, and committeeman on the of Lisior tells an- how the Minnesota umber of names for candi-|was kept at “Action dy ee Sage nm - ¥ ites for electors, idow named Baker. other ike papeeeas fetta my 8 I Li i i : F i ‘ il Be | fy i ei tz | Minneapolis, Jan. 25.—(®)—Flour York Ginats, 8 assuming full 2S Bactsngrd; shipments 45,435 bar- poy Botton and exoheiee rels, . Bran $30.50 to 31.00, that it was necessary “to centralise McGraw as the personality that 4i- In a i : ERE ; : i | alti: ue rit . bait ee cent discoun ib. cay corn, 70 Ibs. five cents winter wheat ae