The Bismarck Tribune Newspaper, March 17, 1928, Page 2

& 2 ‘ q a t § PAGE TWO GRAIN WHEAT PRICES HIGHER TODAY United States Government Re- port on Stocks Construed Bullish Chicago, March 17.—(AP)—Wheat resumed leadership in point of ac-j tivity in the grain markets today, {and wheat prices ranged upward. sThe United States government re- {port on stocks of wheat in country «mills and elevators was construed as Rdecidedly bullish, and reports from »Chicago crop observers indicated Sheavy abandonment of winter wheat eacreage in the central west and the {southwest as well. Corn rose to a enew high price record for the sea- tson, but met with much selling to srealize profit: =. Wheat closed unsettled, 1-4 cent to *1 cent net higher, corn 3-8 cent to 87-8 cent down. Oats unchanged to 1-2 cent off, and provisions showing @ rise of 5 to 20 cents. It was pointed out by wheat trad-/ ers today that official figures on domestic country mill and elevator stocks of wheat showing a reduc- tion of 12,000,000 bushels below last year are about 16,000,000 under the estimates of private experts. As- sertions were also made that the total domestic disappearance of wheat is 55.000,000 above that for the preceding crop. Conclusions drawn by authorities friendly to higher prices for wheat were that today’s government re- port taken with other current infor- mation disproves general belief tHat wheat supplies this year are burden- some; further talk was to the effect that this country holds the only st-ck of good wheat in the northern hemisphere and that, with old crop supplies below. expectations and 4 Close —T —Today— Yesterday Year Ago Open High Low Wheat— March 1.38% 139% 140% 139% 1.39% @% @% May 1.37% 1.34% 1.38 1.39% 1.38 1.38% @1.38 @% @% @% July 1.34% 1.291% 1.35% 1.36% 35% = 1.35% 1.33 es @% @% Sept. 1.33% 127% 1.3342 1.84% = 1.88% =—-1.83% @% @% Corn— March 98% 98% 99 97% 91% er May 1.015% 1.00 1 @% July 103g 1.02% van Sept. 1.04% 1.03% 1.08% @% Oats— March 3812 8 58 May 4 5818 58% 58 58 @% . @% July, (old) Ad 53% 53% 53% in July, (new) 53% 53% 5315 53% Rye— March 1.19 1.19% 1.19 1.19% May vei 1.19% 1.20% 119% 119% 1 July 97% 113% 118% 118% 1.13% @98 @% Sept. 94% 1.05% 1.05 1.05 Lard— March 12.37 11.57 May 12.52 11.80 11.92 11.80 11.90 July 12.72 12.10 12.22 12.07 12,20 Ribs— . Ma: 14.50 11.60 ly 14.20 11.80 11.80 11.80 11.80 Bellies— March 13.00 May 16.55 13.00 12.90 13.00 July 16.20 13.27 18.20 18.25 to 15.40; top 15.50. STOCK PRICES rather unsatisfactory crop growth condition higher prices appeared ‘to be justified. WHEAT PRICES HIGHER ON MILL CITY MARKET Minneapolis, March 17.—(@)— Wheat prices moved sharply higher today, going into new high ground on recent advances. Ease in corn, which has sold higher for five suc- cessive days and reacted on profit taking, checked generally bullish- ness near mid session and part way Teaction followed in wheat. Oats gained 3-8 cent early and fell back 1-8 cent under yesterday’s close. May barley advanced 1 1-8 cents. Cash demand for barley was good. May rye advanced 5-8 cent a@ new top of 1.20 for May being set in that market. May flaxseed ‘was up 1 3-4 cent early and reacted 1 cent from high. Cast wheat offerings were light and demand was quiet except for 11.50 to 12.50 protein showing good weight. Top protein was sluggish. Winter wheat was quiet and steady. Little offered. Montana No, 1 dark hard up to 13 protein was May to 24 cents over, south- western up to 14 protein May to 43 cents over. _Durum offerings were gargely or- dinary to poor quality and prices were easy. Range was quoted un- changed. Corn offerings were moderate and demand was quiet to fair. Dry offerings moving fairly well. Oats were in good demand and steade, Rye was easy for choice, mill de- mand being indifferent, offerings were small. Barley offerings were smaller and demand held goons Prices ad- vanced on cent and the range was 84 to 94 cents. a Flaxseed offerings were small and largely inferior quality. Poor flax was easy but the range held at May price to 14 cents over. CHICAGGO LIVESTOCK M Chicago, March 17.—-(AP)—(A. S. i D. A.)—Hogs, 9,000; market active; steady to strong with Friday aver- age largely to shippers; closed dull weak to 10 lower; top 8.65 paid for closely sorted 180 to 200 Ib. weights; , down to 8.00; good and choice 230 to ' 260 Ib butchers '8.10 to 8.40; 280 to 340 Ib. weights 7.85 to 8.20 bulk pi; 6.50 to 7: packing sows lace e to 7.40; shippers 4,000; esti- mated holdover 4,000; heavy hogs | 7.75 to 8.25; Medium 8.00 {> 8.65; light 7.90 to 8.65; light lights 6.85 to ‘8.60; packing sows 6.85 to 7.70; slaughter pigs 6.35 to 7.85. Cattle—200; compared a week ago good to choice weighty fed steers 50c lowker; spots 75c lower; 1.50 to 2.00 , under recent high time; common and ‘Medium steers 25c lower; mostly 25 to 50c off compared two weeks earl- jer; light yearlings steady; recent Premiums for heavy about done; choince fat kinds 25c lower; cutters showing comparable downturns; in between grades fat cows mostly steady; she stocks runs small; steers Percominatings receipts slightly ger than week early shipper de- mand very narrow; bulls steady to 25ce lower; vealers largely 1.00 off; week’s extreme top fed steers 15.25; closing top for choice offerings 14.75 lowest since September; best long lings 14.65; light mixed year- lings 14.00; light heifers 13.30; ac- tive yearling heifer trade at 11.50 to 12.50; most ‘fed steers with weights General List Sweeps Upward Again Today, Setting New | High Records New Yor ting a flock of new high records. 1,900,000 shares. Railroad shares, in new high groun Week-end me: vided little material tile reviews on which to motors lagged than 4 points to a new peak sharp gai! Telephone and Case Threshing. The closing was steady. CHICAGO GRAIN TABLE March 17 Close demand fully 25c higher; bulk 14.60!and St. Paul rate, sacked cvwt., » March 17.—(AP)— Heavy profit-taking checked the ad- vance in a few issues in today’s stock market, but the gencral list swept forward in impressive fashion, oa ‘0 great was the volume of trading that the ticker had fallen 20 minutes be- hind the market during the second hour, but the transactions generally were in much smaller lots than a week ago. The day’s sales aggregated ad 1 ich have been lagging behind the industrials, were in the forefront of today’s advance. Gains in that group ranged from 1 to 5 points, with about a dozen issues ro- se a broad upward movement of prices, but operators for the advance had the “bears” on the run, ang pressed heir advantage at every opportun- ty. y- General Motors moved up 3 points to a new peak at 172, but the other behind, Hudson and Mack trucks showing some weak- ness. Du Pont, which has large Gen- eral Motors holdings, climbed ene were recorded by Ameri can Machine and Foundry, Manhat- tan Electrical Supply, International round whites, U. S. No. 1, very few sales, mostly id 2.00. MINNEAPOLIS CASH CLO8E Minneapolis, March 17.—(AP)— Wheat receipts today 140 compared CLOSE N EA \to 202 a year ago. Minneapolis cash wheat and coarse grain closing quo- tations today follow: 1 hard spring fancy Montana ‘o arrive .... 1 DNS, gd to fancy. To arrive .. 1 DNS, ch to faney. 1, ey 6.00; top steers 10.75; bulk 8,60 to steady; bulk Hogs y choice light hogs scarce; lights 7.90 to 8.00; few below Eth top 8.00; most packing sows 6.75: bulk pigs 7.95; weight ago, better to 25 up; others and sheep steady; top lambs 15.Q0 to 15.75; fat ewes 9.00 [ tailment in buying, coupled with a slight increase in arrivals of butter, Spier THE BISMARCK TRIBUNE stockers and feeders strong to 25 higher; top medium weight. 13.50; heavy offerings 12.75; mixed yearl- ings 12.50; bulk fed steers and yearlings 11.00 to 12.25; to; cows 9.75; heavy heifers 10.50; yearlings 11.00; bulk fat cows 6.75 to 8.50; heifers 8.00 to 10.00; cutters 5.00 to SATURDAY, MARCH 17, 1928 Contests in Tuesday’s “Justified?” Election are for Com- mitteemen, Delegates (Continued from one Fifth ward—Chamber of baie merce office. wbisth ware first precinct—City Sixth ward, gecond -precinct—St. 3 Tie. sell all open at 9 a. m. Tuesday and will close at 7:p. m. ‘Although the names of all candi- dates for presidential electors and all candidates for convention dele- gates will not appear on the Re- Hoye ele. eos their annua headi ithout any tion ws to "whether the; Gene’s Sweetie? 10.25; cows and heifers 6.00 to 8.00. Calves—100; for week, vealers Steal teady ave! ing si general trade; good pe 7.00; average cost Frida: i206 Sheep—None—Compared week le fat lambs strong’ lambs 15.75; ewes 9.50; bul to 9.50, Butter Market i a 2 Chicago, March 17.—(AP)—Cur- of each, the Tribune ia. pebllohing ly une shin; herewith the names of these cand dates under separate headings. Those Sepondine growp,cr an fe capa le) group or jonpartis group may clip this list and take it {the polls with them, as a guide caused receivers to adopt a free rr 3 while ¥ selling policy. Accordingly butter : Prices on all markets have declined. Operators generally, both buyers and sellers, appear indiposed to per- mit any accumulation of butter on their floors. Trade authorities say possibilities of declines are to be ex- pected rather than inces at this season of the year. Withdrawals of butter from stor- age at the principal markets are Bonter, Jr., Jerry D. Bacon, Lee B. L, Peterson, exceeding those of a year ago. Wath, Harry EL Poll, f.'T. Gron- ‘att, Harry E. . T. Gron- vold, Frank H. Hyland, J. C. Oberg, in Revi P. D. Norton and 0. zr Bryant. jonpartisan Grow FI inca The Nonpartisan Minneapolis, Minn., March 17.— (—(U. 8. D. A.)—Following : the weakness a week ago, the wheat wally regained its, h and a firm undertone through- out the week until Friday when it spurted up to a high for the. week of $1.82 3-4 in the delivery. The demand for cash was gener- ally steady with medium grades slightly stronger at close. High proteins, lost one to two cents for the week, with only the medium pro- et demand. May wheat 1-8, a gain of 1 3-4 are . Marie Durey, R. Larson, Adam A. Lefor, Walter Mad- dock, W. S. Matthaei, Barbara R. Parkinson, Peter sans, J. J. Simonson, H. B. Wingerd and Obed A. Wyum. The voter is instructed to vote for 13 out of the list of 26. Democratic Candidetes Democratic voters are instructed to vote for one for national com- mitteeman, with the names of both Tobias D. Casey and J. Nelson Kelly listed. Candidates for other tions on the ticket un and are as follows: For Democratic presidential elec- tors—W. E. Breen, J. P. Cain, Wil- liam E. aye Joseph M. Kelly and J. “She was justified; don’t prosecute her—” were reported as the dying Ieans sportamen’ and gemaler, after leans 8} gaml he had named his common-law wife, Mrs. Luccina Gutras Haarberg Kel- loway (above. the woman who shot him. Harris died shortly after and Mrs. Kelloway was arrested. A charge of murder was to be filed cents, ‘ High protein types of Montana wheat were quoted nominally Friday at 1.74 1-8 to 1.7. 1-8. Premiums on durum wheat were barely steady for the week. Offerings were larg- er, and largely medium to poor quality, Corn was firm with arrivals well taken. No. 3 sold 94 to 96. Cash oats were in good demand throughout the week. No. 3 whites sold'56 1-8 to 67 5-8.: May oats Carolyn Bishop is “one of the most charming young ladies I ever ‘have met,” Gene Tunney is quoted as saying. They saw much of each other in Florida this season. Carolyn is a dancer and movie actress, Are they engaged? Guess? ey - laggi ind the industrials for seve! ieee joined the upswing as the week cl Radio Corporation was the out- standing feature, scoring an extreme of more than 60 points on ru- mors of a “technical corner” in that issue, which was made the subject well finished mediumweights, with other desirable offerings netting 12.50 to 13.25, the bulk of all fed steers 11.00 to 12.25. men today in checking a fire which destroyed two theatres and several stores, The loss was estimated at $200,000. fi She stock iff _ Answers —ETHEL— ‘ legates to Democrati 1 DNS, gd to choice. 1. closed at 5-8, .aining 13-4 cent. | due to a broad inquiry from ship-| continued at 6.75 to 8.60 for the eitionat amen et an man, hei ‘thle i and repeated 1 DNS, ord to good. 1: Barley gradually gaining} pers and the windup today found|general run of fat cows and from! James E. Campbell, John Ehr, R. L. by ights Region Be ri 1 dark northern. strength. Receipts continued large.| desirable lights selling 10 to 15c/8.00 to 10.00 for heifers, with spe- Hawes, P. W. Lanier, John F. Lish, Sy a ley 2 victory Choice to fancy maltings was quoted | higher, with butchers and packing|cialties salable at 9.50 to 11.00. Wesley McDowell, J. L. Paige, W. H. aniaetee oan capaho 90 to 93; medium to good 87 to 89.| sows as well as light lights un-| Cutters dropped to 5.00 to 6.00 main-| Porter and John Van Arnam. | it Vocal chords tonight in favor of May closed at 88 1-4, a gain of three|evenly 15 to mostly 25c¢ higher. |ly, bulls 7.00 to 7.25 and vealers| Two Amendments to Vote On | ‘te. Barnes county lads when they cents, The top today was 8.15 to shippers, |are winding up at 12.00 or steady.| Two constitutional amendments| /#°¢,°ff with Grand Forks. Rye was strong. Receipts son-|/with the bulk og the butchers and | Stocker and feeder levels are catry-| will be voted on at the election Tues- ‘The lineup and summary: | tinued liberal. May closed at 1.12/ mixed weights at 7.90 to 8.00, light | ing a strong underttone in line with day. One would the pay 1.40% | 1-8, to 8c gain. lights turning from 7.50 to _ 8.00. | the recent upturn on beef steers, the |of members of the state legislature ae ‘y. 1.48% @1.65% eiax trad Nepean? rae with packing sows mostly 6.75 and) thin end finishing strong to 25: - from $300 to ne for each regular : : 3 a. Pern ris feel ° ae are a ene speed BA ae to 8.00 mostly. 1 0-1 1 E ‘ oe aes igher, with top offerings for the ae: : goxoissy || Financial Review |wee st'is70 the hulk'of ell fai| INDIANS TO GET #25 EACH See aie] She Z * lo thee, Riess “ace, sochanged.| (API EMeaiaE Gsunaghe heday _ Lite discussion A : i me .00.. wes are unchanged,| (AP)—President 00) fe ion Minn. & SD, 1 vl A trade reach ATT CAL) =, |theso being salable from 9.00 t0 8.50 | Signed the bill authoriring payment Ener proposed ‘amendment ica hard 29% @1.32% | York stock exchange weregbroken | for light and handyweight offerings. | of $25 to each member of the Chip- it is hard to pre- Be 7 FT Pp To 29% this week in a spectacular advance| Cattle prices are closing about! pewa Indian tribe of Minnesota outeom Fat > 3 00° 1 avera, of indust: sf to als after having suffe: a loss —_—_ Fey 1 ambe 5B Rew high¢level for all time. Each| early’ in the week, cutters and bulls| FIRE DOES $200,000 DAMAGE plonship e to See a To arrive 1.45% %4 |day’s trading ran above 3,000,000 | while somewhat improved still show-| Plattsburgh, N. Y., March 17.— Be at 8:30 Tonight $2 24 (8 Fey 2 amber durum. 1.44% @1.54% | shares with at least ‘three: sessions|ing a 15 to’ 26¢ downturn for the (AP)—Soldiers from the army bar- psn 2 40 #1 1 amber durum. -24%@1.40% | running close to the 4,000,000 mark.| period. The top on fed steers was racks, manning the post's fire fight- (Continued from one) To arrive .. e iF The road shares, which had been | 13.50, being paid several days for i ing apparatus, assisted the city fire- 224% Me Me Hy % % if AL Se of a stock exchange inqui: No in- St. Pi tricks arngre gamer} MINNEAPOLIS RANGE formation was forthcoming as to the as expect today on sissred a March 17 progress or result of the investiga- 1. County of Cork. Open High Low Close king auint vd : pen Hig’ tion, which is still under wa ‘ j of Fargo 2. ‘Insurgent Republican par- ‘Wheat— 1.30% stock roped from # high of 160 on + $ an J _ ty organized by Eamon de Val- r Tuesday to 138, closing last ‘night at { A ™ N era, f lay i 1.33% 1.82% 1.32% |5 yellow corn. 142%. ia 3. “For ourselves” If 1.33% 1.34% 1.33% 1.34 | 6 yellow corn. General Motors, which touched reliance). yen" toate R PPP Hesiod 161 last Saturday and then reacted wm 4. Thomas Johnson. é ie Bes several points on profit taking, 5. Holland. 1.12% 1.1245 1.12% started forward again towards the + A giant power develop- 1.07% close of the week, setting a new high ment on the River n. aie dens eee . sler, . i * 155% 55% 155% Hudson "and WilyeOverland ai ates William T. Cos 4 reaching new ground. Uncon- 9. Loughneigh. x 2.233% 2.22% 2.22% firmed rumo: that the Ford organ- i July | 2.23% 22015 22315 2.25% ization, was unable. to make prompt erihrown eh Pein came Barley— é 4 deliveries on all orders, coupled with into power. May 88% 89% 8844 89 reports of unexpectedly large in- July 84% 85% 84% 84% creases in February and March Larimore DULUTH RANGE sales by other Dindioers, provided A Debaters re A the background for the “upwa Win Two Matches Open Hig:: Low Close Dur.a— March 1.3045 1.28% 1.16% 1.16% 2.26 2.26 BISMARCK GRAIN 2.265% 2.25% July Bismarck, March 17 No. 1 dark northern No. 1 northern ... No. 1 amber durum No, 1 mixed durum No. 1 red durum . 12.50 to 14.00; most fat cows 7.00 to oa 9.60; kinds selling above 10.00 show- ing downturn; shelly low cutters sold downward to 5.00 to mostly 5.25 to 5.50; heavy sausage bulls 8.25; bulk 7.50 to 8.00; light vealers finished at 12.00 to 13.00; small ki 13.50 to 14.50; ga x Hil 3 closed at | No 1.28% 1.30% 1.31% 1.16% 1.12% 2.26% 2.27% 2.26 2.27% (Furnished by Russell-Miller Co.) 8 PDDOOHHHDDH9H9HHHDHHHHDHHD + DDDHDHHDOHDDHHDOHSO the entire capital stock of those So extensive was the speculation — in Radio, American Linseed and a Larimore, N. D., March 17,—(AP) few of the other pool favorites that —Two mn ‘high school debat- corporations was turned over in the week's trading. A flock of new high is was created during the week y such diversified issues as Amer- Chi March 1 GRAN a No. 1 hard 142 1-4; No 2 1.41 1 orn No. 3 mixed 98 to 9! ican International eee American Can, Allied Chemical, H No. 3 yellow 99 1-2c;Oats, No. 2 white 60 1-2 to 62 1-2; No. 3 white 59 1-2 to 61 1-2c. Rye not quoted. Barley 94c to 1.02, Timothy seed 2.80 to 3.55. Clover at 19,25 to 26.50, —_—____— a CHICAGO ba = 0, Mareh 17.— —-But- ter higher; receitps tears tubs; creamery extras 48; standards 48%; extra firsts 46% @47; 4544; seconds 41@43%. Eggs lower; receipts 26,964 cases; firsts 27; o firsts 26. Cheese hi 21% @22' Twin Daisies i 22% ; Daisies 22%: + Americas in %; Long Horns 23@%; Brick 123%. SS MINNEAPOLIS UR inneepolis, Minn., Hes 11— unchanged. Shipments 43,285 barrels. % firsts 44%@ | had and about in li : v5 Le Wy Tack of 24 wa was Baldwin Locomotive, Continental In- surance, Du Pont, Electric Auto- Lite, General Cable, Interborough Rapid Transit, International Tele- Phone, International Cement, Inter- |, There was little in the week's business news to influence the price movement. The weekly trade re- view reported thet si production be lent some bid fee erie ‘ebruary ore! io res showed a mueh smaller export bal- ance than the same month of recent An increase of more than Paul, Minn., March 17, i, 8. D. of A.) —The hog mn on the upgrade week, although receipts a week |’