The Bismarck Tribune Newspaper, July 2, 1928, Page 2

PAGE TWO | MARKETS WHEAT PRICES MOVE UPWARDI: ..ligher Liverpool Quotations <- and Russian Buying Bring Higher Values pe lm. Chicago, Jul; j=v- largely to muc = quotations than expected and reports of further buying for Rus:ia wheat prices here took an early upward swing today. Unoffi ial monthly crop estimates proved to be about ‘as had been looked for. Oepning %c to 2%c higher, Chicago wheat after- ward held near to the ini fer Corn, oats firmer, unchanged to le up, but -ubsequently reacting somewhat. 2.— (®) — Owing i: Cable reports today that Russia fad purchased so far 3,700,000 to 10,000 bushels of wheat, and was still buying, gave particular signifi- cance to a sharp rise in the Liver pool market. On the other hand, advices were at hand here showin? material improvement in domestic Mee. harvest conditions, and private crop : orts as of July 1 were but little different from general expectatiot The averrge of crop estim.tes sued here otday by the leadirg Chi- cago experts were for 519,000,000 bushels yield of domestim winter =: wheat, 248,000,000 bushels of spring vse Wheat, and 2.970,000,000 bushels of scorn, These figures compared with ia June 1 average of 513,000.000 r bushels of winter wheat and 252,- 000,000 bushels of spring wheat. (>) — With re- Chicago, July Russian pur- fe. oprts current tha. chases of wheat in Europe totaled | J, six million bushels, ‘yarnly -as much as wheat prices here went higher today. Toward the las ever, a reaction et Wheat de- liveries today on Chicago July con- tracts amounted to 4,999,000 bushels. Wheat closed unsettled at %e to %e net advance, oats at Ke to %e ts vai'ving rfom %c decline to ns unchanged ~ WHEAT ADVANCES SHARPLY EARLY Minneapolis, July 2.—()—Wheat. EB extensive buying of afloat wheat by p> Russia and a better general export » trad ~ Private crop reports were rather & bullish on spring wheat. Buying = failed to steam up on th. advanc3, me partly Lecause weather was better in the southwest. ® Prices ran up 2% to 2% with July fm in the lead, then broke crisply near the close when the profit-takin, found support thin. Close wa. ®to 1c higher for the day. Chicago was strong and finished with of % to % cent. Corn reacted late, = closing 3c higher to % cent lower. Rye and oats were late firm spot. Oats were firm and dull. Rye prices edged highe: on a narrow m trade. Barley was quiet within a narrow range. Flaxseed broke 3c ly, and rallied part way. Cash wheat offerings were mod- Ks erate for a Monday and a good de- mand existed for anything of fair to good milling quality. Trading basis in general was unchanged. No. 1 hard spring was 4 to 25¢ ., over July for protein up to 12.50 per me cent, No. 1 dark no'‘thern 3 to 25¢ = over, and No. 1 northern 2 to 25c Be over. f Winter wheat was quiet and * steady. Durum offeriigs were light and demand for milling quality was fair. Corn offerings were larger and mand qaie to fa Oats, fair to good quality, were in better demand ard firm. Rye was in fair to good demand, with offernigs moderate. Flaxseed offerings were large. Demand wa: fair to good for choice, quiet for oor. No. 1 spot was le under Jul yfr high moistures to 2¢ h over for choice. CHICAGO CASH GRAIN Chicago, July 2.—()—Wheat, No. 2 mixed, 1.41@1.46'%. Corn, No. 2 mixed, 1.05% @1.50%; No. 2 yellow 1.06. Oats, No. 2 .“hite 70% No. 4 white 63@70. No sales rye. Barley 97@1.07. Timothy seed 4.10@4.75. Clover seed 21.25@28.50. Lard 12.00, ribs 12.75, bellies CHICAGO LIVESTOCK Chicago, July 2.—(AP-U.S.D.A.) f35 higher than Friday's avérage. Packing sows 10 to 15c her; top 3.11.15 paid for choice its. Butchers, medium to ; choice 250-350, 10.25@11.15; 200-250 *Ib., 10.25@11.15; 160-200 Ib, Se 411.15; 130-160 Ib. 8.60@10.85. ing sows 8.75@9.85. to choice 90-130 Ib., 8. < Cattle: 16,000; calves 3,000. ‘&away merket on fed ste>rs and year- islings, 15 to 25¢ higher; sopts more : [on in-between grades; 15.50 paid for 5 15.50; 1100@1300 Ib. 14.25@15.50; .50@1100 Ib. 14.10@15.80; common Fea pool 850 Ib. up, 10,00@14.25. and chu'se 750- cee choice higher Liverpool N By Associated Press Leased Wire BISMARCK GRAIN (Furnished by Russell-Miller Co.) Bismarck, July 2 dark northern + $1.22 » 1 northern . 1 amber durum . 1 mixed durum . 1 red durum . 1 flax . . 2 flax i 74) cent per pound discount un- der 55 Ib. ear corn, 70 Ibs., five cents under shell. Hard winter wheat ... + $1.13) Dark hard winter wheat ++ 1.12 CHICAGO GRAIN TABLE Chicago, July 2—(#)— Open High Low Close Wheat— July 1.38% 1.38% Sept. 1.42% 1.41% | 1.45% 1.45% Dec. Corn— 4 1.03% 3 99% July Sept. 1.00: 8 84% 54 | Dec. 54% | 04% 01% 85% Oats— . July, old 538% 54% July, new 54% 55 Sept. 45% 45% 46% 47% 1.23 1.22% ‘ i | 1.18% 1.18% 1. i | 1.20% 12.00 12.37 12.55 Rye— July Sept. Dec. Lard— 11.85 Sept. 12.22 12.40 Ribs— \ 14.32. 14.15 | 14.82 14.77 MINNEAPOLIS RANGE Minneapolis, July 2—()— bf Low Close 1.375% 1.375% 1.39 1.39% 1.38 1.3912 1.39 1.40% 1.42% 1.48% 1.16% 1.16% 113 1.13% July 58 58% 58 58 Sept. 42% 42% 42% 42% jax— July 2.20 2.21% 2.20 2.20% ee 2.25 225 223 2.23 rley— July 87% 87% 86% Sept. sT1% 672% —.T1% ' DULUT4 RANGE Duluth, Minn., July 2—)— * Open High Lew Close 125% 127 1.25% 1.26 128% 129% 1:28 128% ye— July 91.17% 117% 1.17% 117% 114% 1.16% 1.14% 1.15 Sept. July 2.24 224 2.22% 2.22% Sept. 2.2614 2.2644 2.25% 2.25% MINNEAPOLIS CASH CLOSE Minneapolis, July 2.—()—Wheat receipts today 200 compared to hol day a year ago. Minneapoli wheat and coarse gri tations today follow: 1 hard spring, fancy Montan: July Sept. Dec. 1.16% 1.16% 1.12% 1.13 July july Sept. Oats— 87 1% a & 1 DNS, gd to choice. 1 DNS, ord to good. 1 northern .. An 2 DNS, ch to fancy. 2 DNS, gd to choice. SASS Is 71%; 2 jigs: 48,000; market mostly 25 to 2 260 Ib.|4 2 DNS, ord to good. 2 northern ne oe +e 3 DNS, ch to fancy. 3 DNS, gd to choice. 8 DNS, ord to good. 3 northern ......... 1 dark hard (Mgnt.). 1 hard (Mont.)..... && PREP PEP LIES Ce od ol el et 90 le ol ze 1O99HHHO9®: Eta eee Feet poyerey QED Minn. & SD, 1 hard. Fey 1 amber durum. Fey 2 amber durum. 1 amber durum. | points, and General oM‘ors, Ceneral | noon. American International, ° “ack | 1.41% 1.41% |cases; firsts 28; ordinary firsts 26 22. % | m. and the air circus will repeat its ‘THE BISMARCK TRIBUNE FINANCIAL NEWS STOCK PRICES ~ REACTIONARY Time Money Rates Advance and Bear Selling Feature July Opening prices turned reactionary tcday on| selling prerumably inspired by the | s return of 8 per cent call money. |g Loans renewed at 7': per cent, but the rate was advanced to 8 when banks called $30,000,000 to strength- | for the heavy holiday demands for currency. Time money rates also! advanced, being quoted as high as) 6 per cent. Hl Some bear selling also came into} the market on the theory that the rapidity of the recent advance had | weakened the techricel position of | the market, and that there was a/ dearth' of frest buying power at the | recent high levels. Floor traders also were, inclined to take profits over the sie Motors and high-priced special- ties bore the brunt of the selling pressure, although there we1~ strong spots in each group Cas? Threshing and Radio each crumbled about 10) Electric, International Harvester, Rossia Insurance, Texas & Pacific, | and Houston Oil were carried down | 3% to 4% points by early after- Trucks, U. S. Industrial Alcohol, | and U, S. Rubber first pref-rred also | showed substantial recessions. On the other hand, Brooklyn Edi- son jumped 9 points, Collins & Aik- man 4%, anj Dodge Bros preferred and “General Railway Signal 3 points, respecti CHICAGO PRODUCE Chicago, July 2.——Butter, un- changed; receipts 15,311 tubs; creamery extras 43; standards 4212; extra firsts 411¢@42'4% firsts 40 @41; seconds 38@3912. Eggs, unchanged; receipts 14,483 @27. Cheese unchanged. CHICAGO POULTRY Chicago, July 2.—(?)—Poultry, alive, steady; receipts 12 cars; fowls 16@23; broilers 29; springs 22@34; spring ducks 18@22; spring geese During its lifetime, an oyster pro- duces about 50,000,C09 eggs. CITY IS READY FOR A RECORD CELEBRATION (Continued from page one) Service Club Floats Service club floats will appear in the fifth division, formed on yer avenue, between First and Mandan, and marching in the following ten- tative order: Lions, Kiwanis, Ro- tarians, B. P. W., band, baseball team, racing cars. Congressma:, Dickinson’s address will be delivered from the grand- stand in Northern Pacific park, at 10 a. m. where he will be introduced by Congressman Thomas Hall. Judge Christianson will preside. The program of small sports for children takes place at 10:30. The baseball game will be called at 1 p. stunt prograr: and parachute jump during the ball game. The chicken scramble and a pro- gram of small sports will take place after she ball game at the ball park. The auto style show opens at 3 o’clock at the new Bryan Speedway. A program cf seven automobile races in which race drivers from all over the nortHwest appear will start at 3:30. The fireworks display will be on the hill a block southwest of the Country cl-» as soon as darkness falls. Set pie es showing Lindbergh and the Spirit of St. Louis, his air- plane, will b> features. Street danc- ing free to <1l on the block in front of the postoffice begins at 10 p. m. Free rest rooms with attendants in charge are provided in the Elks’ lodge rooms, Eltinge theatre, and Masonic temple. 3T4@ 99% 95%@ 97% 24%@ 92% 22%@ 93% 20%4%@ 92% 85 @ 69 medium | whi ++ 219% @2.21% 80. ST. PAUL LIVESTOCK South St. Paul, J 8. D. Aj cette, Py s, cutters and feed- TRANSFERS_IN COUNTY TOTAL 39,200 ACRES i (Continued from. rge percentage is by farmers who are addin ter section to present holdings. The association estimates, in the light of its several surveys, that 15 cent of these purchases are cash deals and about. seven per cent to new set- tlers from other states. “This survey of. land purchases for the past six months offers additional vidence of the trend in North Da- kota,” the Greater North Dakota as- fication declares in its statement a curate as it is ible to them. The jatar total of acreage eeBsqseau$ stcEsr BS aes Grant Griggs . Hettinger idder . La Mour Logan .. McHenry . McIntosh . McKenzie McLean Mercer . Morton . Mountrail Nelson . {Oliver .. Pembina Pierce .. Ramsey Ransom Renville Richland | Bolette New York, July 2—() — Stock /¢ Stutsman . ; ee Towner . en their reserve positio and prepare ; Trai] . Walsh Ward . Wells . Williams 22,482| 6,598 | 21,560 | 1! 4,324 | 13,800 7,400 | 14.770 | an 520 HAIL AND RAIN CAUSES HAVOC IN NORTHWEST (Continued from nace one) parties, flooded fields and washed out railroa. ond highway grades. In_ Bismarck the storm broke shortly after 2 o’clock Sunday after- noon and continued four hours, at times approaching cloudburst pro- portions. It followed an early morn- ing rain storm g2neral from Cole- harbor on the north to points far south of Bismarck, Northern Pacisic and Soo line trains were delayed. Electric pilots d the Norther: Pacific out mestown At Crystal lake flood was running over the railroad ade at one point, but the roadbed remained intact, Spend Night In Ditch rth.of Bismarck on State High- o. 6, eight cars including two loaded tricks were meroonred as of mud and tied up for the at 6 o'clock midway between ind Baldwin. Two had ed “rom the muddy grade and helpless until service cars bo sent to them today. ice from Minot was main- d, bat busses came through ered with mud after passing over washouts where water ran hearly two feet deep and plowin, through long reaches of deep mu between Coleharbor and Washburn and Bismar- and Baldwin. A half dozen pleasure cars were tied up at Baldwin for tk: night. Wind and hail accompanied the storm in some sections. Unverified reports \.ere that at Napoleon a house and barn had been overturned by wind and several fan injured. Hail Area Spotted The hail area was spotted and the fall whs not sufficient to damage crops in small areas along the Mis- souri. Rainfall of. more than two inches was reportec by three North Dakota points during the 48-hour period ending at 7 :. m. this morning. Five places reported precipitation of more than one inch. Crosby, Langdon and Pembina were the onl,’ state points failing to report rainfall during the period. Lisbon failed-to make_a report but rainfall in that section of the state lieved to Rising temperatures were recorded by all of the places in this state. Pembina was the hottest place in North Dakota, with 92 degrees. A report on tke rainfall follows: Amenia 2.98; Bottineau 1.30; Devils Lake 1.04; Dickinse 82; Dunn Cen- ter 23; Ellexdale 97; Fessenden MONDAY, JULY 2, 1928 49; Grand Forks .58; Hettinger .23; Jamestown — 1.78; rimore .75; Minot 1.03; Napoleon 2.75; and Wil- liston .12, Moorhead, Minn., had 2.06 inches of rainfall. MINOT FAIR HAS FEATURE RACES Minot, N. D., July 2—(AP)— Marking the opening of major fairs of North Dakota, doors of the Northwc t Fair swing open bere this morning, The fair will close Satur- day night, July 9. ree other main fairs of the state are scheduled for later in the month. Much of the livestock and other exhibits shown here will be talen to the other exhibitions. Fairs and, dates when they will be held are: ‘Lake Region fair, Devils Lake, July 9-14; Grand Forks fair, July 16-21; Fargo fair, July 23-28. A “million dollar livestock show” incluties prize winning animals from North and South Dakota, Minnesota, Towa, Wisconsin, Illinois, Missouri, Florida, Ohio and other states. The second annual Northwest Dog show, the only event of its kind in = Nature, in its weather$al way, has done its (ae, TH) ATT the state, is expected to attract much attention. e show has been meeting with much popularity, not only among the dog breeders of North Dakota but in neighbori: states. The show has the official Sanction of the American Kennel club of New York. Two days of auto races are sched- uled for Monday and Saturday, Harness races Tuesday, We A Thursday and Friday include a@ thousand dollar stake race on Wed- nesday and another Friday, July 6, Running and chariot races with half a dozen picked horses belonging to the Northwest’ Fair association will major attractions. riders, drawn from six Northwest towns, will draw lots daily to cide which horses the; ride. The towns represented in the races will be Minot, Ryder, Velva, Bert- Get Ld sa cee, 1 © greatest agricul. tural machinery in the state is planned for the fair. Many exhib- its of combines and motorized farm machinery such as tractors and trucks are planned. Incubators were first used in‘ Europe in A. D. 1777, but the Chinese and Egyptians’ practiced artificial incubation over 2,000 years ago. when it produces for Lucky Strikes the best of tobaccos that can be grown; but these tobaccos are vastly improved when toasted. It is not s Lucky Strikes are less irritating to. the throat. “It’s toaste ¢ urprising that 20,679 doctors say that f