The Bismarck Tribune Newspaper, January 31, 1928, Page 2

» PAGETWO MARKETS | ™axcut By Associated Press Leased Wire _ GORN TAKES ens Market—Wheat De- clines—Oats Firm Chicago, Jan. 31— (AP) —Corn n- averaged higher today with lat dications of a fair report bu: It was understood that ther been a round lot of No. 2 and N mixed corn sold by Chicago han- to Europe, but the export basis at lower at 6 1-4 over Chicago May. Some buying of wheat was done on advices of winter killlng east as well as west of the river, Corn closed nervous same as yes- terday's finish to 3-8 higher; wheat unchanged to 1-2 cent lower; oats 3-8 to 1-2 cent up, and provisions varying from 6-cent cecline to a rise of 2 cents. Contrasting sharply today with Chicago corn receipts totaling 1,156 cars yesterday, were fresh arrivals of but 281 cars here, an amount much smaller than either a week ago or a year back. Special signifi- cance too, was attached to the fact that Omaha received only 50 cars of corn today, a reduction compared with the corresponding time last ole On the other hand, export ids for corn today were easier, and talk was current that for at least the time being ‘oreigners were hold- ing off. heat traders here took their cue largely today from weakness of wheat quotations at Liverpool. In- creased pressure of offerings both from Argentina and Canada was re- ported. It was also pointed out that the United States wheat visible sup- ply is the largest at this period since the war, and that the amount of bonded Canadian wheat in the Unit- oo is twice as large as in WHEAT FUTURES SAG ON MINNEAPOLIS MARKET Minneapolis, Jan. 31— (AP) — Wheat futures sagged 1-2 to 3-4 cent today, weak cables and slow export demand, with an extremely dull pit trade resulting in the low- er prices. Corn failed to show the pepe which acted as a support yes- terday, Oats was dull and easy. May rye sagged 1-4 cent and turned dull. Hedging cent, May flaxseed declined one cent and rallied half way. Cash wheat demand was spotted and while protein between 11.50 and 12 per cent was steady, all to good demand, top spring wheat was quieter and 13 to 14 per cent protein was easy to one cent more. Below 11.50 protein thé market also was draggy. Winter wheat was quiet and casy. Durum was unchanged. Corn offerings were larger and included a fair carry-over from yes- terday. Oats was steady with a fair to good demand. Rye was in light supply and good milling quality was in demand. Barley was firm at .79 to .86. Flaxseed offerings were light and better. eased May barley 1-2 Merrrrrvrrrrirriitiiririririiiriiiiiiiiir i Chicago, Jan. 3 D. of A.)—Hogs 48,00; early mar- ket generally 5 to 10 cents higher; ‘Jeter Pate sae i cud steady; top 8.60 pai ‘ to 200 pound avezages; bulk choi hoges 170 to 210 pounds 8.40@8.55; butchers 210 to 215 pounds mostly 8.20@8.40; heavy butchers 8.10@ 8.15, according tc weight and qual- ity; pigs uneven; bulk desiralbe kinds 7.'5@7.75; most packing so 7.25@7.50; heavyweight hogs 8.00@ 3.35; medium 8.20@8,60; light 8.10 @8.60; light lights 7.65@8. c ing sows 7.10@7.65; slaughter pigs 7.00@8.00. Cal 9,500; fed steers adn fed yearlings fully creel weighty steers higher in spots; better grade fat cows and heifers getting some action; lower des slow; bulls searce, but dull; vealers 50 to 75 cents higher; most early sales of fed steers 13.00@16.00; one prime load 18.50; few loads weighty bull- ocks 17,00@17.40; light vealers to big packers 13.00@14.00; shippers S00@b.5; sipper kinds A25@8.50 . 3 Sipper kinds 8.2 50. Sheep 10,000 fat and feeding * lambs and shearing lambs active, 15 to 25 cents higher; bulk good and choice lambs 90 ponds down 14.25 @14.50; early top 14.75; good medi- um weights a bulk 93 to 96 ® pound lambs 14.00@14.25; four doubles to choice aroun: ® pound Colorados 14.40; medium to 100 pound yearligns 11. sheep strong to 15 cetns higher: ewes 8.00@8.25; best held higher; , 5 pound mix fat feeders 14.3 | ad : SOUTH ST. PAUL LIVESTOCK South St. Paul, Minn., Jan. 31.— (AP)—(U. 8. D. of A.) — Cattle 2,000; slow, undertone weak on most killing classes; bulk steers 10.50 @ ; choice heavy steers upward to 14.00; she stock 7.00 @ 9.00 for 5b] 5 mixed 71 EARLY UPTURN Aggressive Buying Strength- dlers today to the east for shipment the Gulf of Mexico was 1-2 cent Mississippif’ | soared CHICAGO Jan. Close Close Yesterday Year Ago 1.30% Wheat— March @% 4.30% @%@% 1.27% @% BBM @% 1% @% 925% 4h 55M 51% May 1.414 @" 1.325% @% July Corn— March May March May duly Rye— March 1.09% @% 1.09% 1.03% May July Lard-— Jan, March May Ribs— Jan, May July Belli Jan. March 62 May 12.82 16.37 UPWARD TREND | RESUMED TODAY Heavy Buying of Public Utili- ties Is Feature of Today's Stock Market New York, Jan. 31.—(AP)—Heavy buying of the public ‘utilities, sev- eral of which attained record high prices, featured the resumption of the upward movement of prices ia today’s stock market. The recov- ery was stimulated by the reduction in the call money rate from five to four and one-half per cent and pre- dictions of a further decrease be- fore the end of the week. Trading showed a moderate contraction in volume, due to the disinclination of many traders to extend their com- mitments because of the widesprea! uneasiness over the credit situation. Earnings and merger reports ap- parently furnished the background for the rise in public utilities. Mon- tana Power, Brooklyn Union Gas and Peoples Gas all moved up five points or more while Radio, Phila- delphia company, Columbia Gas, In- ternational Telephone, Adums Ex- press and «a number of others ad- vanced two to three points. General Motors and United States Steel common, which had been lag- ging behind the general list for the past few ays regained their posi- tion as market leaders in the early; afternoon. Tie rise in these issues: stimulated buying in other quarters although selling inspired by fears of a disappointed showing in the quar- terly report of hte United States Steel corporation to be made pub- Ne after the close, might retard the advance, Some of the specialti:s, which ar- rived to harbor large short in- terest, were bid up in spectacular fashion. American Zinc preferred 10 points, American . Lin-/ seed and Rossia Insurance five each, and a number of others in-) cluding Green Cananae Copper, Na- tional Biscuit and American Brown Bover preferred moved up four points or more. U. S. Steel pre- ferred touched a new high record for all time at 142. Rails also displayed a better un-| dertone despite the poor December earning statements now being pub-| | lished, with a six-point jump in Texas and Pacific as the individual feature. Equipments responded to reports of expanding orders, The closing was strong. With the movement of standard industrials generating more confi- dence in improvement, buying orders for other shares began to drift in the afternoon. Considerable prog- ress was made by several leather, cement, zand office appliance issues. Midland Steel Products pesteced improved six points. Extensive selling of Pure Oil, which lost two points, was one of the late features. | 000 shares. POTATOES Chicago, Jan. 31—()—(U. S, D. of A.)—Potatoes: Receipts 68 cars; on track 220; total United States shipments 578 cars; demand { 6 | and ‘trading slow; market dull; few early sales reported; Wisconsin ed round whites 1.50 to 1.60 it | Minnesota sacked Red river Oh and round whites 1.40 to 1.50; Idaho packed russet Burbanks No. 1, 1.60! Minneapolis, Jan. 31. 8. D. of A.)—Potatoe: inquiry, demand slow; steady, Carloads delivered freight only deducted, Minneapolis and St. Paul rate, sacked hundred- weight, round whites, United States No. 1, $1.30 @ $1.40; mostly $1.35. RANGE OF CARLOT SALES jineapoli , Jan. of carlot grain sales: hern % durum 1.20%. Corn: Oy aeaeae 80% @84; No, . 5 white 68% @%. lo. 2, 1.02%. No Rigas 2s 1 amber durum. Total sales approximated 2,100,- Mi NEWS GRAIN TABLE 31 —Today— Open High 1.29% 1.30 @" 1.30% @* 1.26% —Today— Low ‘Clone 1.29% 1.28% @1.20 1.30 1.30% 127% 1.26% 38% 88% 91 92% 88% @% 91% @% 92% 54% 55M 51% 51% @% 1.08% 1.08 1.08% 1.03% 11.56 @57 11.62 11.82 1.09 1.03% 11.60 1.09 1.08% 11.62 11.85 @57 11.80 11.75 12.60 12.82 12.82 12.80 MINNEAPOLIS CASH CLOSE Minneapolis, Jan. 31—()—Wheat receipts today 189 compared to 181 a year ago. Minneapolis cash wheat and coarse grain closing quotations today folow: 1 hard spring, fancy Montana ... To arrive . see 1 DNS, fancy Mont.. To arrive ......-. 1 hard spring. To arrive ... 1 DNS, gd to fan To arrive ........ 1 DNS, ch to fancy. 1 DNS, gd to choice. 1 DNS, ord to good 1 dark northern To arrive . 1 northern To arrive . . 2 DNS, ch to fancy. 2 DNS, gd to choice. 2 DNS, ord to good. 2 northern . 3 DNS, ch to fancy. 3 DNS, gd ~ choice. 3 DNS, ord to good. 3 northern .. 1.68% @1.74% 1.65% @1.72% 1.66% @1.73% 1.6346 @1.71% Hy 1.72% aa + 13 + 13 BR BREE se aaa SRF Best eenee FRKFKFLTKFKFETKSE Seenegese Sh tt ot ee pat ee et tte o a isteis oS co 55% QDHHHHHH9HHHHH9D DODO 8 eeeeee see 1.23% @1.26% 1.23% @1.26% 1.23% @1.26% 1.2344 @1.26% 1.38% @1.47% 1.38% @1.47% 1.84% @1.46% PEROT 1.13%@ t1aho121% To arrive Minn. & SD, 1 hard. To arrive 'o arrive Fey 2 amber durum. 1 amber durw 2 durum .... 3 amber durum. 3 durum 1 red durum To arrive . Coarse Grains 2 yellow corn.. 7 3 yellow coi To arrive . 4 yellow corn To arrive ... 5 yellow corn.. 6 yelow corn.. 2 mixed corn. 3 mixed corn To arrive . 4 mixed corn To arrive . 5 mixed corn 6 mixed corn 2 white oat 3 white oat: To arrive 4 white oats. Barley, ch to fey. To arrive .... Barley, med to gd To arrive .... Barley, Toa Ai) @ 71 55 te 53% lower gds ive No. 1 flaxsi To arrive DULUTH RANGE Open High Low Close Jan. 31 1.20 1.21 1.21% 1.21 1.21% ye— Ma: 1.05% 1.05% 1.05%) 1.05% May ~ 2.16% 217 2.1613 2.16% ¢ 5 KFYR Radio Programs Wednesday, Jan. 31. to 11:00 a, m—Music and complete weather forecast. 12:30 to 1:00 p. m.—Music. 200 to 1:15 p. m.—Weather and to 1:30 p. m.—Aunt Sammy’s to 7:30 p. m.—Melmona Sis- ters; Mrs. Jos. P. Regan, soprano. to 7:45 p, m.—Weather, mar- kets and news. 7:45 to 8:00 p. m.—Radio farm school. Too Late to Classify WANTED—A __ girl for housework in family of 1.55% 14 Bis SHIP PROGRAM IS DISCUSSED BY PRESIDENT (Continued from page one) hope there will be none in its final consideration by the congress. “We must not depart from the wise policy established thus far rigidly followed of kee our ex. ditures withir our That had in mind in making my recom- mendation. It has made a rich con- tribution to the present splendid fi- nancial status of the country. It has enabled us to hire money at a lowes rate than any othe. business in the world. It has been effec- tive in the maintenance of prosper- ity. It has the hearty endorsement of the taxpayers. Must Nov Molest Poli “That policy of a balanc.d budget —expenditures within receipte—must not be molested. It must not be en- dangered. The great good which has come to this country from a bal- anced budget is too measureless, too far-reaching, even to suggest’ any other course. This nation is neither too weak nor too ir provident to meet its obligations as they occur. “The budget for 1929 which fore- cast a surplus of $252,540,000 is now before the congress. The action so far taken by the congress on that budget indicates no intention of di- minishing the expected surplus. With a continuation of the cfforts for economy in federal overations, we can have a moderate reduction in taxes and at the same time ade- quately meet the urgent national problems which are now confronting jus. Past economy has given us the means for internal improvements and developments and more tional defense. But we cannot stand the cost of the things which we should and must have, if we adopt excessive tax reduction. It is far better to have no tax reduction than to have too much. We have the public debt to which to apply every dollar of w ver surplus may ace crue. That, indirectly, is tax reduc- tiop. Every dollar applied to the debt saves perpetually the interest on that dollar. It is a contribution to the welfare of the people, vin on step nearer adequate tax reduction.” Easier to Borrow Than to Pay That it i: much easier to borrow money than to pay it, Mr. Cool said, is shown by the fact that ional debt was ins from slightly over $1,250,C00,000 to enarly $26,600,000,000 from 1917 .to 1919. Although the deb. was increased ap- proximately $25,000,000,000 in about two years, he said, it has required more than eight = to reduce it by $8,500,000,000, leaving the debt at approximately $18,000,000,00). Since the declaration of war in 1937, he ihe out more than $17,000,000,000 “id eee paid in interest an” prin- cipal. “We cannot cverestimate or over- emphasize the importar.ce of the re- juction which has been made in our Mr. Cet ie added. “Our interest cost is still a This cost fur next ye jowever, will be $1,000,C0C a day less than it was at the peak of our interest that economy in fed- eral operations is Coolidge declared that by economy, he meant, “constructive economy” that provided ample appropriations for necessary expenditures. A large source of expense, he asserted, is for national defense. “The cost of this for next year is estimated at approximately $650.- 000,000,” the president continued. “That means an average expenditure of $1,233 for every minute of $20.50 for every second of the year. The army program contemplates an ex- penditure in excess of $100,000,000 and a construction program. for the navy is now receiving the considera- tion of the congre “The authorizi of 1916 was the last complete navy program and that has been practically completed. The recommendation now before the congres to replace obsolete naval vessels and moderately increase our derly construction procedure; noth- ing more.” Commends Director Lord President Cool: closed his re- marks with a tribute to Director Bureau, who he said had the “ju nt to say yes when the facts warranted and the courage to say no when the facts warranted.” “The country grows and The bigger the country the operating costs. But as there is a federal employe not committed to the doctrine of service, as lo1 ticle of Zederal supply wasted not comp.etely and properly ier nok profit bly "employed, lar not profit J em drive for constructive conor go on. If we canont reduce ex! iture or check its growth will see to it that a ly. Pye ol spend more w that more is 5 fe g a = A} = will see that wisely.” HG (Continued from page | Furniture company, 8. D. Earl R. Lig ot E. B. § » Webb Bro: er, Frayne Baker, H. Clothier, E. W. Hansen, G. te | position with a total of 2,788. ie po Ri here to stay, Mr.| f rf order of Judge J. J. Tral the| the K. K. K. and “other mob move-' Jury will remaft te isolated unt! the} ments” is due to illiteracy. There-/ case is compl fore he Honors that congress pro- ‘The jurors all are middle-aged or| vide $12,000,000 to help remove the older. Five of them are from Los) cause, Angeles while the others cyme from suburbs or nearby towns. None of| them have minor children. The state rested after reading the indictment charging Hickmap with the kidnaping gnd slaying of 12- year-old Marian Parker end citing his plea of “not guilty by reason of] Missouri River Water iy wick Gras enae"| Should Be Boiled, Is Warning of Physician All water used for drinking in Mandan which is taken from the! Grand Forks Bowlers | fina. serait Dr. Genes E Roll Into the Money | Spielman, city health ofticer. | i urn Because of the high turbidity of; at Winnipeg To ey the Missouri river aie, it ad im- Winnipeg, Jan. _ 31,—(%—The| Possible to properly chlorinate it, Winnipeg Cubs took the lead in the|.according to Dr. Spielman. team event at the Manitoba Bowlin; urnament Monday night emerge fs if ied! ha proment i com ievrram the oth S total! Meh stage of the river, makes it day's pley i of 2,936, displacing the Nectae | ee that Mandan citizens Hipee or Paul aggregation holds ee ee ‘aul aggrege' second place by virtue of 2,888 rolled on Saturday. Grand Forks bowlers were in ac- tion today, and Geo Peterson, with a total of 645 including a single game of 277, held first mn. In open - er and Peterson held fifth position with a total of 1,172. Jackson and Sibbell were in fourth place with 1,188. In the five man team competition, d Wailski rolled into six died recently in Halliday at the home of her iter, Mi T. LeRo: Evans. Tee seoteae dha: been rf n a aeeneaamael MANDAN NEWS of having charged. —_———$_ $$ if Additional Sports Garrison, N. D., Jan. 31.—Senstor ‘Lynn J. Frazier and Congressman James Sinclair were unanimously jendorsed for nomination fo: reelec- |tion at the McLean county Nonpar- jtisan League convention held here ‘last week, and delegates to the state for sepomntia ee ag is FLA. Vogel, chairman’ of the execu- tive committee. Frank Lyons of Butte, John Thode of il Wagner of Emmett and William of Turtle Lake were endorzed for state a seguiee te gern con’ oii vel je Se ni Judge P. H. Miller of Waskbank executive Mr. Vi Social News of Mandan Vicinity o Miss Judith Pearson, who has made her home for the past two years with her cousin, Mrs. Her-' Batu rs fe Cre where she or wil vit relative Mrs. N. G. Taylor and grandson, Douglas, pending a f in Minneapolis” on Busines aay = Harold C. Hagen has arrived from St. Olaf college, Northfield, Minn., to begin his duties as instructor Mandan high school. Mr. Cpt st le assi in the athletic k. ew Monday. for New ‘York citte where chat noted this PA BES jollek Sin! PB they will spend several weeks b ° condftion of Hughey ing stock for the Hintgen store, Sidney Cohen has returned from Minneapolis, where he recently un- derwent an examination at the Nicollet clinic. : E. A. Tostevin is spending a few days in Fargo while transacting business. eee . A. Mi f this cit; as been a potiont at Se Aled: agence gran scanntey ive a ni and will be atle to Tetum to her home soon. eee A son was born Sunda: to Mr. ang Mrs. Charles south of e f NEWS BRIEFS McNeill, new governor-general —, ew a Pere Sate ‘ek > Wh yey don to Dublin despite rumors of tinction of ha Duke| plot against him. the She did it twice at thi js " pees it of the flag Edmund Osthaus, artist, dies in The duchess had a good sleep at his Marianna, Fla., hunting ’s embarrass: lodge. her hus! ach too popalaes Teta foredden . is ien pe nom és Hume to children in the Rev. Don Ivan Patch’s Congrega- tional church. They have been mak- ing is ge of his sermons ina prize contest under fictitious names. Too many selected the colonel’s. Washington Berger believes [composed 2¢ & Curtis-|| The convention went on record i ferrprestdent, tally; formal Ineeh favor Sena ten terminal eleva ae occurs at tors, a) repor' - Kansas dinner in New York. |ate fact-finding committee, endorse! — Progressive delegates and Buffalo, Minn.—Carl Lawrence, electors and favored the election of 24, i) for theft, who escaped Ole Olson as national committee- tracked tl rough Haag He sheriff, About 200 attended the two-da snow put at and captured near Monticello, cont 4 Grand Forks—Word wention, 89 of whom were ac- ited delegates. that Mike Kroiter, cred The meet here was one of the biggest and best held ray fa S'Chen eohie3 liquor here in Cavalier. < Pembina ni ere John J. FORT ALLEYS REJUVENATED Bowling alleys at Fort © Lincoln will be repaired and equipped by the middle of February, according to Ca Fey rae ee pointed a committee of one by t exchange council to investigate the matter and. let-the necessary contracts. terial being obta’ JENNINGS’ CONDITI GRAVE) Scranton, Pa., Fag ia ad eatin nt morning Jennings, famous figure:of the baseball diamond. He spent a rest- ful night, but his general condition was not changed and is “still very grave,” said @ bulletin. f Flashes of Life | (By The Associated Press) New York—In order that sur- geons may be well even though married, $1,000,000 has been given to the Orthopedic Dispensary and hospital by the estate of Mrs. The income will John Innes Kane. to $9,000 ai | sumed res; via ride fi 000 foul for eight falowatip. bit ge when compel him to earn than become more ef- Equalization Fee Plan Endorsed by pector of marie «emer of loa! fore Farm Bureau Group Washington, Jan. 31.—(?)—Farm years, died. relief lation embodying the was ao. bon es 1 equalization f today by tl pinjoenil onal ethene Rented y Godfrey Mo: Dark - Tobacco Growers? Cooperative asso- ciation. St. Cloud—Cloudy, 10; roads fair.| Without the placing of t! > Rochester— iy, 5; roads fai: we stand in the Moa oat Jamestown—Snowing, roads but lively debate was precipitated fair, to allorary '. when sentative Kincheloe, Hibbi jloudy, 0; roads fair. | Democrat, Fa » 1s toads fair. z : name Sa. tee ibe: behalf of the M y, 8 below; roads Nay Haugen big fa ‘a © it Grand Forks—Cloudy, 1 below;|letter signed by President Sem H. roads fair. jpson and other federation of- ficers that the committee would - ET A 5; =r ave to assume the reapousiaility if Devils Lake—Snow, 10; 0 relief. ‘een a ke ee ir. gers favo: (Mercury readings at 72 m.) i apaap aa tea 20; roads ir. morni fenger 0 money rather ’” ficient. sifu the ater tate ao OBSERVES 80TH BIRTHD. igh: enaareas ia hilantrophist, teday re jicitations from ‘prominent ‘was pI throughout the world es oe observed his 80th quiet. e needs of the dark tobacco ly at his New York home. A bound: grower were pictured to the commit- volume containing messages from tee by who recounted su President Coolidge, governors of port for ‘McNary-Haug:n bi most of the states, General John J.) which he said was morse: in all the tobacco regions represented. in,| Further su; of the equaliza- lose friend of Mr.| tion fee was committee by R. M. Crowder, who represented® loan eee es ED, South Dakota agricultural organiza- PUfaldgye les: Lore Aun Gerne| “This, plan hes | permested out rs. nn | je our 72, who has mad her home in section, The eal, “and general County since the spring of Straus, ceived fe laugh at mente ‘ Discovery of seven cases of in- fantile paralysis at Stanford uni- versity, California, causes ponement of social and some ba activities of institution. Minneapolis—Thomas E. Mills, 85-year-old war veteran, dying. in disabled veterans Lvgecd at Fort mtative| Snelling, was absol read of vorce from his wife, Mabel A. Mills naval strength contemplates an or-|. : When you shop in a big city You know your Fifth Avenue perhaps. Or all your life you’ve been familiar with the shopping sections of Bos- ton—you are certain just which side street to turn into for the specialty store you have in mind . . . But these days, you'll find yourself at home wherever you shop. You'll not be at a loss to get exactly what you want in St. Louis or Seattle or Syracuse. When you buy advertised products, you can buy just as wisely and do just as well—wherever you go—as you would if you went into the store on Main street at home, where your mother and your grandmother have traded for years. For you can trust advertised products and the stores that.sell them, exactly as you would believe merchants who have been your lifelong friends in the same small town. 4 Read the advertisements in The Bismarck Tribune—especislly if you are a stranger’ “im town, ‘They will guide and befriend