The Bismarck Tribune Newspaper, March 29, 1928, Page 2

Snes OSE HR TC as best PAGE TWO WHEAT PRICES ‘HIGHER TODAY September Delivery in the Lead—Crop Outlook Is Bullish Factor MARKETS Wheat— March May July her ora Cor Chicago, March 29.—(AP)—Broad speculative demand, together with export buying estimated at 1,000,000 bushels, led to sharp new upturns in wheat values today. Deferred de- liveries of wheat established a new high-price record for the seaso Unfavorable crop comments stat east of the Mississippi over contit ued reports circulated there will be a very heavy abandonment of acre- age. Wheat closed strong, 1%e to 2c net higher, corn 1c to 11gc up, oats | R; showing ‘sc to 1c advance, and provisions varying from 5c decline toa rise of 7c. Advances in wheat prices today were ascribed chiefly to disclosure of what- was referred to in some quarters as a claimitous condition for the growing crop in the central wheat belt, Talk was also current that con- stant rains and othef favoring cir- cumstances are essential to make a good crop southwest. It was like- wise asserted that better export de- mand for wheat from North Amer- fea was in evidence. * Profit-taking sales, however, on ‘advances in the wheat market today Were on a large scale. Much of tl aes 8 to realize profits was read- ily taken.. In addition, a good d of speculative seling developed, based on surmises that after pro- notineed upturns in price a reaction would not be a surprise. WHEAT TURNS ACTIVE AFTER DRAGGY START ~Minneapolis, March 29.—(AP): ‘Wheat turned active and strong 1: today after a slow and di caused by profit strength was due in part to reported export sales of 1,000,000 bushels of wheat and 150,000 bushels of rye afid to_a better tone at Winnipeg, he May finally topped its recent igh. ‘Other grains shared in the a of wheat. Oats were e vMay tye advanced 1% on wheat strength and reports of good export sales overnight. May barley was quiet and steady within a narrow range. May flaxseed gained % cent. Cash wheat offerings “were small amid general demand was good. Trad- ing basis was frim at 1 cent higher. ‘inter wheat was in small supply and steady demand. " drum wes firm with offerings light, eiecially milling-quality and feeding demand Corn offe mand quiet’ better. were light and de: Oats ii t and de- mand ves to kde Rye was in fair to good demand and offerings were light. Barley was in good demand, with offerings the lightest on the crop. Flaxseed offerings were smaller than estimated and demand was fair, No, 1 spot was May price to 12c over. « _, CHICAGO LIVESTOCK Chicago, 3 29.—(AP)—(U. S:D. A.) —--Hog: 00; market. mostly stéady with Wednesday's av- erage; heavy butchers steady to shone improved Caen Sa eee gts. and pigs; top 8.60; butchers, ~e ium. Se aiciee, 250 to 350 pounds 7.10@8.30; 220 to 250 8.60; 160 to 200 poun 130 to 160 pounds 6.75@8.40; f° ing sows 6.75@7.40. Pigs, medium to. choice 90 to 130 pounds 6.15@ Cattle—11,000; calves receipts 3,- 000; mostly steady trade on fed steers, Weighty kinds scarce in demand and shipper account; 14.90; lights kinds slow; large- ly.a steer run choice weighty vealere to 17.00. Slaughter classes, ar » good and shoe to 1500 pounds 13.50@15.25; 100 to 1300 pounds 13.50@15.25; 950 to 1100 ‘pounds 13.00@15.00; common and Fed searlingn ape abd chote, 70 Tl choice, fa" 080 pounds Pe TS@lAs0. ‘ers, ind choice, 850 pounds Metin a ott jo good K ows, aad choice 8.76@11.25; common and medium 7.00@7.75; low cutter and cutter 5.50@7.00. Bulls, good and ckoice (beef) 8.50@10.0; cutter to medium. 7.50@8.50. Vealers (railk- fed) good and choice 12.50@16.50; medium. 11. 12.50; cull and com- . Stocker and feed- er. steers, fod end choice (all mpigita) 11,00@12.50; common and im 3.25@11.00. 12,000; better frat lambs 92 pounds active, fully steady; heavies slow; sh.2p strong; feed! and lambs » good and choice (92 pounds down) 15.75@17.35; 1 edium 15,00 16.00; cull and common 13.25@ pe tad ) 14, Wear on buns % oa 8} K 00. Ewes, medi- to choice (150 pounds ddwn) 1. 10.00, Cull Feeder lambs good and 15.25@16.75. PAUL il ag thea Rye Cattle 2100; fon earlings in moderately under- Heif-| Ma: and common 3.00 | Ji July, (old) July, (new) re? 1.01% 99% 12.35 12.35 12.60 14.50 13.85 16.20 15.80 STOCK MARKET POINTS UPWARD Confused Price Movements Take Place, But New Lead- ers Are Brought Out New York, March 29.— (AP) — Confused price movements charac- terized today’s stock market, but the advantage. rested on the sido of those working for higher prices. | Stiffening money rates and prospects of large inctease in federal reserve brokers’ loans after close of the mi ket led to extensive profit-taki: and bear selling in some recent fa: vorites, but new leaders were brought forward in the electric, pub- lic utility, tobacco and copper groups. ding showed a further slowing up in volume. There was little in the day’s news to influence the price movement. Operators for the rise found en- couragement in Secretary Mellon’s statement that the . gold export movement. not likely to disturb credit conditions. Time money was advanced to a flat 4 3-4 per cent basis today instead of 4-5-8 to 4 3-4 in reflection of the heavy month-end demand for funds, ; « Consolidated Gas and Brooklyn Edison led the upswing in public utilities, soaring 5 1-8 and 7 points, respectively, to new high records. General Electric moved up more than 8 points to a new top and Westing- house Electric followed in its’ wake. Copper res responded to reports of expanding sales and stiffening red ary Lehoss os Coie jumy poi and Anaconda, Dari Tntgrea nal, Bayuk Cigars, Davison Chemical and Intetnational Telephone also recorded gone gai Radio rallied from a low of 168 to 173 1-2 and then s! d back to around 171. General Motors, after selling down to 182 1-2, rallied to around 185. U.S. Steel was heavy on predictions of a drop in March unufilled orders, Western rails pointed upward in the afternoon trading with Union Pacific, Chicago Northwestern and Great Northern preferred in brisk demand. < MINNEAPOLIS RANGE Open High Low Close March 29 1.34% 1.35% 1.34% 1.35% 1.35 1.36% 1.34% 1.36% May 1.36% 1.38% 1.36% 1.38% July R 5 15 1.14% 113 1.14% § 1.09% 1.09% 1.09% 54% 54% 55% 54% 55% 52 5238 52 51% oaly May 2.20% 2.2214 2,20% 2.22% aoly 2.23 2.28% 2.23 2.28% jarley— May 86% 87% 8612 87% 82 =.82% 82 82% DHL RANGE larch 29 Open Hig: Low Close y 1.30% 1.82% 1.31% 132% 434 (1.82% 1.84 1.18% 1.17 118% 113-114 118 114 2.25% 2.26% 2.25% aon May July 121% 1.14% 107 1162 12.22 11.87 12.17 11.87 12.17 13.25 13.25 13.20 and movement slow, market dull; too few sales to quote. 23 Minneapolis, March 29.—(AP)— 1(U. 8. D. of A.)—Potatoes: ht wire ay. demayd slow, mai weaker, ‘arload delivered sales freight only deducted, Minneapolis and St. Paul rates sacl cwt., round white, U. S. No. 1, Mostly 1.90, few 1.95. et MINNEAPOLIS CASH CLOSE Minneapolis, March 29.—(AP)— Wheat receipts today 160 compared eate a ent ago. oe polis cash wheat and coarse in clos quo- tations today follow! ae 1 hard spring, fancy Mohtana . 1.78% @1.83% To arrive 4 1.72% @1.83% 1 DNS, fancy Mont.. 1.75% @1.82% To arrive .. 1,69% @1.80% 1 hard aacing: 1.44% @1.81% To arrive .. 143% @1.73% Te 1 DNS, to fancy: vite +. is 1.41% @1.72% ‘0 1 DNB, ch to fancy. 1.68 1.80 1 DNS, gd to choice laete Fy 1.36% 1 DNS, ord to good 1 dark northern. To arrive .. 1.35%@ 185%@ 134%@ 1 northern . To arrive .. bette athe 1.45% @1.60% 1.85% @1.45% 1.475% 12 DNS,.ch to 2 DNS, gd to cl 2 DNS, ord to 2 northern . «3.4 3 DNS, ch’ to‘ fancy. 3 DNS, gd to choice 1 dark hard, To arrive 1 hard Mont.. . To arrive . : Minn. & SD, 1 dark hard .. ° To arrive ........ Minn. & SD, 1 hard. To arrive ........ Fey 1 amber durum. To arrive Fey 2 amber s-|1 amber durum. 3 amber durum. 5 yellow corn. 6 yellow corn. 2 mixed corn..... Batley ch'to'f arley, cl 0 . To wrti vf ., CHICAGO CASH GRAIN <_ Chicago, March 29—(AP)—Wheat No. 3 red 1.65 to 1.66; No. 2 hard 1.43 1-2 to 1.45. RANGE OF 8A! Minneapolis, Siar = ap) - 1.675% | ber 5% |take it over and operate it. e 25 MANDAN NEWS 1 BURCHARD FOR SENATOR; OTTO FOR GOVERNOR ‘(Continued from sare one) square deal in comparison with other great industries of the nation.” Condemns the Teapot Dome and other oil scandals. Praises the work of Senators ‘Walsh of Montana and Reed of Mis- souri in uncovering alleged election and other frauds and expressed con- fidence in the “honesty and ‘out- standing administrative ability” of Governor Al Smith of New k, who was termed the “outstanding ex- ponent of modern Democracy in the nation.” cee, Declares that the “state Creat Avers that it is “against the high- est good of our institutions that any persons should accept the indorse- ment of any A organization for the office of state superintendent of public instruction and for justices the supreme court. Recommends a survey of «all schools to determine whether effi- ciency and economy is being prac Suggesta that the state eleyator/| m; MURFIN SPEAKS BEFORE ANNUAL MASONIC’ RALLY}, More Than 200 Masons Attend Annual Banquet and Horhe- coming Tuesday North Dakota Masons rank seventh | 1 among all states in per capita pay ment towards the cost of pe Pond Wasifington Mascénic Memorial at Washington, D. C., Walter H. Mur- fd dss SP Bala grand lodge ‘o! . and A. M., told more than 200 Ma- sons at the annual banquet and homecoming of Mandan ‘lodge No. 8 Tuesday night, | Otto Bauer served as toastmaster of the banquet, and music was fu nished by the assembly and a M: sonic quartet. Mr. Murfin, in be- half of the lodge, ented a past master’s jewel to Carl Keidel, who retired from office Jan 10, and Past Grand High Priest John Gra- ham, Bismarck, sented a chapter jewel to Earle H. Tostevin. , The exemplification of the Master' on entire- ‘be turned over to a farmers’ organ-| ly b ization to operate in the farmers’ interests and ‘that farmers be helped to nad additional grain storage facilities. - Offers-a plan for financing the acquisition of such storage or eleva- tors by having the state act ‘merely as an agent between the farm or-|C, izations and the existing grain interests, which could be accom- plished without additional bureaus or the establishment of any addi- tional jobs.” The question which provoked a hurricane of speeches and consider- able feeling was one affecting the attitude of the convention of the state’s entry into business and the platform plank proposing a method of disposing of the property to farmers’ organizations and provid- ing a method eer farmers could acquire control of elevators with state assistance. Urged to Stay With Party As reported by P. W. Lanier, Jamestown, chairman of the plat- form and resolutions committee, the platform called upon all Democrats to'register and vote as such at the primary election and to support the state and national ticket in Novem- rr. It took a definite stand in opposi- 4 into reivats theory and a problem to be solvéd. It proposed to turn the management of the mill and elevator overto any organization of farmers ea In ad- dition it proposed a method where- farmers could obtain additional elevators throughout the state in an effort to solve the grain marketing problems. ‘The method advocated would per- mit farmers who wished to purchase an elevator to plac- in escrew. with the state one cent a bushel on all grain handled by the elevator in question until it was paid for. One member of the committee refused to sign the report, opposing the one cent feature advocated: by the re- mainder of: the commi-.ce. Duis Attacks Platform Attacking the platform, George Duis, Grand Forks, said it provides that the state must go out of the mill and elevator business and de- % lars to the It also provides, he said, that the state must go into the elevator business and’averred that it would merely change the situation from state pation in one kind of 4 | fort to return the farmer to the con- EL? gehpegle sje Hi ; 5 : a3 : ft tt Pr ety de Hl ut taki . B. S. Ni Grant Palmer, E. Cohen, ‘Carl Keide], E. H. Tostevin, Albert Rossbach, F. Smith, Dr. A, 0. Henderson, Otto Bauer and . G, Hughes. HERMAN BENKER DIES SUDDENLY Former Bismarck Garage Man and Harmon Store Pro- prietor Succumbs Herman H. Berker, 80, proprietor of a general merchandise store at Harmon, died suddenly in bed Wed- nesday morning at his home from a heart attack. When Mr. Benker failed to-appear at the usual breakfast time, rela- tives found him dead. He had been troubled with cardiac disease for several years, Funeral services will be held at}, 2p. m. Friday from the yaa Mey church at New Salem and burial will be made in the New Salem cemetery. oh Mr. Benker was born at Young- town in 1898 wher. he grew to man- hood and attended the public school. He was well known throughout Mor- ton county. . Benker had enj in the inthe busi til an jo) ast since that ig ; lerman Benker; three sisters, He ea siete Rane lenry Holle, New * Mrs. T. A. Bohrer, Mannhaven. NEW CHANNEL SOUTH OF BIG ICE PACK (Continued from page one) channel, there has been very fee since March 24.. The block, however, continues upstream with flooding near the bridge and .or a considerable di This othe gorge up-stream five miles- away or it might miles distant and still 1¢a' normal condition at the gage, Miller said in a letter to Mr. orth Biagarck today th tage ismal e st 1.1 feet, a drop of of a foot in the past 24 hours. Too Late to Classify —— FOR SALE SIX ROOM modern house, 3 large bed rooms, full basement, east front, screen porch, desirable property near schools, for $5000, mostly payable like rent, SIX ROOM modern bungalow, 3 bed rooms, hot water heat, prac- tically new-and in fine condition, near school. FIVE ROUM modern _ bungalow, rooms, close in, jirable home in fine condition, with gar- nee, for $4500, EIGHT ROOM modern house, 5 bed rooms, east front, near school, desirable and in fine location. {eBknnets oe superseded ‘hand REGION SERVICE & id igs Ww. here, which I i 3 i : bf ie d ade fra ef ae FIVE ROOM practically new, stuc. will co, bungalow, inclos: porch, east front, ‘age, near schools, de- sirable home for $6000, . mostly abie like rent. FO ROOM modern cottage, 2 bed rooms, full basement, garage, near school, in food condition, for $3300, FIVE 100M modern cottage, 2 bed rooms, ‘east front, fine 50 foot lot, for $2500, on terms. SIX ROOM modern home, stucco finish, practically new, breakfast nook, 3 bed rooms, garage, in bi f choice location near schools, mod- EH throughout and very desir- able, FINE property for business re poses, 75x140 feet, between, Third and Fifth streets, south of Thayer avenue, CHOICE building lots for residence purposes. GEO. M. REGISTER. WANTED—Copies of Will's Seed Catalog. We have run out of our cad Pere and nated pay ra ich for every copy it ote store. scar " Will & Co. FOR. RENT—Newly furnished sleep‘ng room in modern steam heated home, close in, $12 per month at 610 Thayer. more me ature, di : es the re new ture. These ceived on Si old system no Sunday rei recei : te ived. . can now be worked into highly pol- ished veneer for furniture, panels| that and other uses for which hard Sohn Eh Henle, the 72-year-old foreman of the shop of Georgia School of nology, is the nian whose research has at last accomplished tits appar- page pes jroray one Ie PSs ee palmetto trunk is com} meric! ee hard rel orogot to- with exceptionally fat’ combination heretofore merchandise business since-1916. -He|-POSITION: WANTED—Young man|made operated, a general store at Mann- haven from 1916: to.1920 and then 1oved to Bismarck, where he en- wishes steady employment, Three years retail selling. Best refer- ences. Write Tribune Ad. No, 18. the wood idan ‘as one of the most uable materials obtainable for piling| their share.” Says Georg £ e M. Cohan, — old Luckie! We've been pale for eats. And. Sane Lay Settee ‘And appre