The Bismarck Tribune Newspaper, July 7, 1928, Page 2

PAGE TWO GRAIN LIVESTOCK RUST REPORTS BOOST WHEA ‘Dakotas and Minnesota Re- eeesiee aay > port Disease, Causing Early |Dec. Market Upturn * Chicago, July 7.— (AP) — Owing “largely to black rust reports from *the Dakotas and Minnesota, wheat ~prices averaged higher early today. Opening at 3-4 cent decline to 5-8 to 3-4 cent advance, wheat sagged a little more, and then turned upgrade. Corn and oats were weaker, corn starting 3-8 cent off to 1-2 cent up and later undergoing a decided gen- eral setback. Provisions held firm. A well-known authority wired that between Yankton and Mitchell, | O°t S. D., black rust appears on the sheath of some wheat in about fifty |% per cent of fields of Ruby wheat. On the other hand, record break- ing large loadings of newly har- vested wheat were reported in the southwest. Wheat receipts today, ‘ansas points especially, were rain of much greater volume than @ year ago, Nebraska reported won- derful harvest weather, and the sea- board said that only a_ limited amount of export business had been done over night in wheat from North ~ America. WHEAT ADVANCES (THEN SLIPS BACK Wheat advanced 7-8 to 1 3-8 -cents early in today’s short session tbut slipped toward the close and fast prices were only a shade to 3-8 Seents higher for the day. A few claims of the appearance of black “rust in the American northwest and in Southern Manitoba, firm cables and an over sold technical condition -contributed to the early bulge. Selling for profit and against up- ward privileges found support poor ‘later. “Oats declined with corn, selling finding poor underlying support. Rye was firm for July, weak for | September, which declined 1 1-2 cent. Barley was quiet and steady. Flax seed futures were Le peed on better Argentine cables and light pit Pressure. Cash wheat offerings were small and demand was fair, lacking the ; snap recently shown, but good mill- ing quality springs sold at un- changed premiums. Relatively cheap winter wheat offerings took the edge off the demand for springs. No. 1 hard spring was 4 to 26 ents over July for protein up to 12.50 and weight to 60 pounds; No. 1 dark northern 3 to 25 cents over and No. 1 northern 3 to 25 cents o Winter wheat was steady. Durum was quiet and steady. No. 1 amber was 1 cent under Duluth July to 25 cents over, mixed 4 cents under to 25 cents over. And No. 1 red July price. Corn offerings were light but de- “mand was slack and basis was easy ae cent lower. . ats were in light supply and fair demand. ¥ ssied Rye offerings were small and de- mand was fair. Barley was a shade better for oa easing apality continued ane sey. Tice ran, wes 80 to 95 cents. i nse . was in fair demand and offerings were light. No. 1 spot was 1 cent under July to 2 cents over, —EE , CHICAGO POTATOES Chicago, July 7.—(AP-U.S.D.A.) tatoes : a 55 car on track Sor 1 . dest, 81@ @75; North Carolina ish Cobblers 1.75@1.90; Nor- folk Virginia Irish Cobbler. mostl around 2.00; east shore Virginia bbl. Cobblers mostly 2.25. Weather i a2e HUE < | 00 00D CUM CORD GT CORD C09 ND ND mm ra a wk RRBESEERESEEE i] PETE : : fs i i i é ke E i i i I 32 MARKETS By Ascociated Press Leased Wire CHICAGO GRAIN TABLE Chicago, July 7—7)— Open High Lew Close Wheat— July 1.83% 1.35 1.338% 1.33% Sept. 1.86% 1.37% 1.36% 1.36% Dee. 1.40% 1.41% 1.40% 1.40% Corn— ' July 1.07% 1.07% 1.05% 1.06 Sept. 1.00% 1.01 98% 99% 84% 84% 83% 83% Oats— July old 62% 52% 51% 51% July new 52% 52% 51% 51% Sep new 43% 43% 42% 43 a AB 45% 44% 44% July 1.19 1.19% 1.18% 1.18% Sept. 115 1.15% 1.14% 1.14% oe 1.16% 1.17% 1.16 1.16% July 12.10 ..... ..... 12.10 Sept. 1242 1245 12.40 12.40 Oct. 12.67 12.55 12.56 seve 18.00 13.12 13.32 sees 18.32 16.12 15.15 15.27 15.30 MINNBAPOLIS RANGE Minneapolis, July 7.—7)— Open High Low Close July 1.34% 135% 134 1.34% Sept. 135% 136% 1.35 1.35% Si 1.87% 189 1.37% 1.38% July 1M 114) 1.14) 114 Sept. 108 1.08% 1.07 1.07 Oats— July 54% 55 53% 53% Sept. AK 41% 40% 40% Flaz— July 2.16% 2.17% 2.16% 2.17% Sept, 2.16% 2.17% 2.16% 2.17 Barley— July 80% 83% 801, 82% Sept. -70 70% .70 0% DULUTY RANGE Duluth, Minn., July 7.—()— Open High Lew Close July 1.22 = 1.23% 1.24% 1.23% 1.24 July 1.1443 Sept. Ll 111% 11100 Lay July 218 219 217 2.18% Sept. 2.18% 220 2.15% 2.19% CHICAGO CASH GRAIN Chicago, July 7—(?)—Wheat No. 2 hard 1.38@1.39. Corn No. 2 mixed 1.07%; No. 2 yellow 1.0714@1.08. ore No. 2 white 70%; No. 3 white Rye not quoted. Barley 92@1.07. Timothy seed 4.10@4.75. Clover seed 21.50@28.75. RANGE OF CARLOT SALES Minneapolis, July 7.(7)—Range of carlot grain sales: Wheat No. 1 dark northern 1.46@1.60; No. 2 dark northern 1.65; No. 3 dark northern 1.87%@1.49. Sample grade north- ern 1.10; No. 1 hard spring 1.52%; No. 1 mixed durum 1.22@1.24; No. 3 mixed wheat 1.32. Barley, sample grade, 85; No. 2, (special) 92, Corn, No. 2 yellow, 1.02. Oats, No. 3 white, 61@64%. Rye, nane. Flas, No. 1, 2.27. MINNEAPOLIS CASH CLOSE Minneapelis, July 7.—()—Wheat receipts today 78 compared to 152 a year ago. Minneapolis cash wheat and coarse grain closing quotations Per peed 8 hard spring, fancy Montana .. . 1 DNS, fancy Mont.. 1.53% seeee 1.83% @1.37% hard. 1.33% @1.37% durum. 1.32% @1.40% durum. 1.30%@1.39% rum PT agetiai.-? ogee eileen: 5 one catiittie i 3 2 B a5 i He FINANCIAL NEWS STOCK PRICES SWING UPWARD): Leading Industrial and Rail- road Shows Substantial Increases New York, July 7—)—Resump- tion of the upward movement in stock prices this week was accom- frill! by an increase of $147,000,000 in_brokers’ loans, canceling about one-third of the decline in borrow- ings in the three previous weeks, The advance in stock prices, while unevenly distributed, embraced most of the leading industrial and rail- road shares. i Unusually heavy mid-year settle- ments, coupled with the heavy holi- day demand for funds, created a temporary credit stringency early in the week which sent th call money rate to 10 per cent, for the first time since 1920. So great was the volume of funds attracted here for temporary investment by the high interest rates that call loans dropped as low as per cent later in the week, renewing on Friday at 5% per cent. High temperatures had a stimu- lative effect on retail trade and also aided in the development of crops. Several of the large chain stores and mail order companies reported record-breaking June sales, which helped to ‘revive bullish confidence in the stock market. Railroad shares showed a tendency to improve on predictions that traffic returns in the last six months would make a much more favorable comparison 1927. Texas & Pacific showed out- standing strength, soaring to the highest level in its history. Buying of the steel shares was re- tarded by the fact that the industry is earning a relatively low return on its investment, although good buying % {was noted in the stocks of com- panies manufacturing special allows, for which there is a growing com- mercial demand. Continued reduc- tion in the output of the Seminole field, coupled with reports of record-breaking gasoline consump- tion, brought some fresh buying into the oil shares. 4 Motors were mixed, although heavy accumulation was noted in General Motors, directors of which are expecte] to declare a substan- ial extra dividend next month. Packard dircctors declered an extra of $1, and Chrysler and Dodge is- sues responded to reports of steadily Lesa deposits under the new merger plan. Wall street was not disturbed by the strange death of Captain Alfred Lowenstein, Belgian financier, which unsettled the Europear: markets. CATTLE PRICES SOAR SHAPRLY Hogs Elevated to New High Levels and Lambs Com- mand Big Money South St. Paul, July 7—@)—(U. S. D. A.)—Material reductions of supplies at all markets were large- ly responsible for sharp upturns scored in all branches. Cattle and hog prices were elevated to new high levels, fed cattle closing 25 to 50c higher, while butcher hogs were from 7c to 90c higher. Lambs closed 25 to 50c higher. Long yearlings in cattle reached a new season’s high of 15.25, best mixed otterings 14.85 and heavy steers 14.65. Bulk of the fed crop turned at 13.50 to 14.75, inbetween and grassy offerings from 11.50 to 12.75, Fat she stock held about steady, cows 7.50 to 9.00, heifers 8.75 to 11.50, cutters 6.00 to 7.00, while bulls on a 25c break, finished at 8.00 to 8.50. Vealers closed at 14.50. Holiday influences accounted for the 25c or more break on stockers and feeders, the bulk closing at 8.75 to 10.75, and from 6.50 to 8.75 for stock cows and heifers. Friday’s trade in the hog house proved the high point of the week, with sorted 165 to 210 lb. weights on shipper account at 11.00, The feature was the sale of a six car string of choice 348 lb. butchers at 10.90, with most lights and butchers centering between this and 10.75. Mixed butchers and sows sold from 10.00 to 10.50, while packing sows Hg at 9.25 to 9.50 and pigs at 9.00, Closing trade on fat lambs found most desirable natives selling at 15.50, while cull offerings were 10.00 to 11.00. Yearlings were in light supply, with best offerings up to 13.00, and less attractive 8.00 to $11. Fat ewes held at 4.00 to 6.00. CHICAGO LIVESTOCK Pays ay, 1—#)—(U. 8. D. |—Hogs, steady with Fri 11.0 paid for choice around 220 weights; shippers 500; estimated holdover 3,000. Butchers, medium to choice 250 to 350 Ibs 12.40@11.45; 200 to 250 Ibs 12.60@11.50; 160 to 200 Ibs 10.00@11.50; 130 to 160 Ibs 9.70@11.35. Packing sows 9.10@ 10.50. Pigs, medium to choice 90 to 130 lbs 85.0@10.35. Caitie, B00; compared a week bs 4 grain steers and yearlings and 1.00 higher 3 better grade }@ | weighty steers and inbetween grade qrerlings showing most advance. a) and grass cows and heifers be rv kinds 16.00@16.80; stockers feeders 10.25@11.75. Sheep, 2,000; odd pa-kages of na- tives steady; for the week 76 doubles from feedin gstat:ons, 11,000 direct. Fat lambs closing 50 to 75c higher, quality considered. Sheep and feed- ing lambs unchanged. eek’s top ices: Fat lambs 17.00; fat natives 6.75; yearlings 16.35; fat ewes 7.00; weeks’ bulk prices fat ran; 16.00 }.75; natives 15.75@16.50; throw- outs 11.00@12.00; yearlings 12.50@ 18.00; fat ewes 4.50@7.00; range feeding lambs 12.75@13.25, BUTTER PRICE. REMAINS FIRM market opened the week with condi- tions much the same as those .exist- * for the last several weeks, but ith buyers operating more freely the market turned firmer and,prices advanced on all markets Friday. tied held a rather even trend dur- june, lune being the heavy producing month, operators felt that if prices could not be lowered in June there was little likelihood of a drop in with the corresponding period of | 10c July. There was a slight increase in speculative demand this week and! considerable buying for storage was ig all markets. ipts at the four markets for the first four days of the week were about 3,800 tubs leighter than the same period a week ago and 4,900 tubs lighter than a year ago. Stock on hand Friday morning were 15,-+ 500,000 pounds shorter than a year ago. CHICAGO POULTRY Chicago, July 7.—(®) — Poultry, alive, steady; receipts 1 car. Fowls 8 ) broilers 32, springs 38, spring ducks 22, spring geese 22. MINNEAPOLIS FLOUR Minneapolis, July 7.—@)—Flour lower. In carload lots, family patents quoted at 7.80 to 7.90 a bar- rel in 98 pound cotton sacks. Shipments 29,184 barrels. 28.50 to 29.50. CHICAGO BUTTER Chicago, July’7.—)—3utter un- Bran THE BISMARCK TRIBUNE dl unchanged; receipts 12,604 cases, ROCKEFELLER John D. Rockefeller will celebrate hi: on his estate at Pocantico Hills over- looking the Hudson river. For the h 5 Goldman Band; & , KD) ‘WIR. WEM) vf aed 1 =} Services y t 10:45, 45—Biblical Pramas ‘Abraham and 1c —WEAF WG: 1 woo first et taeiely Rae ee ‘Topic: ‘The C 4 pas ore ny WHO WOW W¥AS KSD WWJ WCCO 3 Wie KVOO bers of mapped out. daily automobile ride of 50 miles in Chicago, July 7.)—The butter| the afternoon and join his family at dinner at 7:30 o’clock in the evening, a nd letters have been received tnd these will be read at the din- ner. one of the wealthiest men in the world, is enjoyin; h and takes particular pleasure in his daily roune of golf on his private links on his estate. > LITTLE JOE | OO hanged; receipts 14,65 tubs. Eggs Cheese unchanged. Pr TRINITY ENGLISH LUTHERAN CHURCH pay! C and Fifth Street. IS 89 SUNDAY Tarrytown, N. Y., July 71.—— A. " t 1 Hours © ie WUE hci Woye Ray USE an, Abe War wens Se“ WS KD Wild Wow wHnen Bu Wake Wee KO, :48—Angio Persians; Baliet_ Muslo—WJZ. wow win ‘ctw KWK WREN & Ti 1:00—Lome to s 89th birthday quietly tomorrow TRG NE LTR won wane. gage wane Bu Lusic—- WJ: EDKA i | OAV WWSAL WHE Wib,woo wil, woar tin MEAC Woat ' | WGHP Warne Peter. Matt. 16, 13-19, FIRST BAPTIST CHURCH Fourth Street and Avenue B C. A. Stephens. No special program has been - He cxpects to take his on a eee AIR {(Centrat Btondord Time} / 6:00—Shining Program: Melody Maids—WEAF W: WTAM WWI WOC WHO WOW WONP Wig WEBH KSD WOR zt Riverside Pri mM ; Music-WJZ iy Wi WIR K oo Balev OO Waa WLAe WG We Want TESS SR ee WERC Wour KtaQ WOWO KMOX ane RoR ‘Ws! 10:30—Morning _ worship, number of congratulatory tele- P. . ¥. PU. 8:00—Evening worship, “The Power of Faith.” : 8:00—Wednesday evening prayer meeting, :30—Friday afternoon meeting of the Junior B. 'Y, P. U. EVANGELICAL CHURCH Ira %. Herzber; 10:00—Morning Worship, ai ey ae w 7 faa Day pro- “Th rth t God's] gram i¢ primary department. e ‘rustworthiness; 0! 8! Offertory—Re dh - 7:30 p. m.—Mission band oratori-| Word.” cnik. aida. ent er eas cal contest, 8 o'clock p._m.—Vesper service. “em elo 8:00—Evening Worship, |Sermon on the Epistle. Text: Sub-| , Violin Solo — Lullaby, 8:00—Wednesday Prayer service.| ject: “A Christian’s Peaceful Con-|Adolph Englehardt. Penssres tre cnn duct of Life.” Sermon—“A Son of Adventifre.” ZION LUTHERAN CHURCH The church choir will sing suitable | Walter E. Vater. (Misxouri Synod) hymns at both services. Postlude—Miss Ruth Rowley. Fourth Street and Ave. A f 12:00 noon. (Sunday school). J. V. Richert, Pastor FIRST CHURCH. OF CHRIST, |. 7 p. m. jorth 36° Sunday services as follows: SCIENTIST 1 Corner Fourth St. and Ave. -C 8 evening worship. Morning service, Prelude—Mood Bensive, Apple- Sunday service at 11:00 a. m. Subject: “SACRAMENT.” field. Miss Rowley. Anthem—Thou Wilt Keep Him in Sunday school at 9:45 a. m. Perfect. Peace, Wilder. Choir, Wednesday meeting at evening testimonial | Miss Rowley.’ Reading room cpen Tues., Thurs., }o—-General BM ve WTAM WWJ WSAl WGN WTMJ KsD WDAF KVOO WFAA KPRC WOAIL 8:00—Eranklin Atrman Program: instru , = wR WOY WOR WIAM WEAL WGN WIMd KD WeGo Woe wae Wow .WDAF KVOO W¥Aa KPRC WOAL WHAS W8M WNU $:20—Zime to Retire Boys: Hits and Novelties—We, WGR WWJ Wsal WEB! WTMJ KSD Woco Woe WH wo M WDAF KVOO WE. WAM KOS WFAA KPRC WOAL WHAS WSM WMC WSU The former St:.ndard Oil magnate, excellent health E LESS YOU SAV WHAT Vou THINK, Stoese. (Ger- man). of ne Ba: Baty hour in charge 8:00—Evening service (English), Sermon: “Paul, the Missionary.” FIRST LUHTERAN CHURCH c’clock, 9:30 a. m.—Sunday school, Bible Solo—Selected. 4 and Sat. from 2 to 4 p. m. Sermon—“Without Guile.” Rev, Corner Sovetth St. ana °A D.|MeCABE “METHODIST EPISCO-| “Pestinie tan event » and Avenue D.| Me -|_ Post Duol '. Rev. A. P. Malmquist, Pastor. PAL CHURCH Rowley. ee 9:30 .—Sunday school, Bible ae ot classes for all grades. 0: m.—Divine services in English. Text for the d: epav.ore | Sunday after Trin ‘i a E. oad nae forning worship 10:30. During the st Prelude—Melodie in F, Rockwell.|more than 659 war cemeteries ‘have » the Fifth | Miss Ruth Rowley. been constructed in France ‘and :| Anthem—Selected, choir, Belgium. CHRYSLER Presents entirely new style creations Peatures— New Chrysler "75" = Now Chrysler-created slender profile radiator ter shatters —new “‘air-wing” fall-crowned fenders — new longer, lower, roomier bodies —spbolstered optionally with fine mobair or breadcloth—new arched window silbou- otte—non-shatterable glass in windshidld—~ new “Silver-Dome” bigh-compression 73 bp. engine, using any gasoline —7- bearing counterweighted crankshaft—75 and sore miles an bour—new longer chassis with mew duplex-chanucl frann—new light Chrysler by- draxlic four-wheel brakes —Lovejey hydraulic shock absorbers, front and reatr— , La , Chrysler "75" Prices—Royal Sedan, $1535; 2-passenger Coupe (with rum- ble seat), $1535; Roadster (with tumble seat), $1555; Town Sedan, _ $1655 (wire wheels extra). AU prices New feb Dares in the fine car field New Chrysler “65” ¢-Door Sedan, $1143 Titer ne aac’ ied snd cco! voc gage aro “65"—are deliberately desi to inspire S7y sin ~ 6 bt. — : public admiration to such a piech that they will immediatly Mehcimprenibe aad ony gel supersede all that has gone before and usher into existence a0 weighted 7-bearing only ve entirely new motoring vogue. at or near this price with this costly fear new Sixes, even when the artistry of a great industry ‘giacun maaan has seemed to be at its height. wider, eomier bodies —wew arched window ‘The wholly new Chrysler creations, now shown for the #/bouette—aew “‘air-wing” full-crowmed Lia haiove shes, ot ttle enw ld putons thay deseanmesse that ohaalic sheet dacchnn fe at re Chrysler engineering, research manufacturing again have bs leprho equaled fae. bined posits incesesed tee baaplag perwor af dhe delier when ierrpened cen ene motor cars. toe one "g_Beion~_Besieess Coupe, $1040; Roadster, $106 interested in door many breny te ag Ha $1073; 4-door Sedan, $1145; y 45. AU SAne vd We are confident that all who are even remotely the of motor car will find themselves am their immediate insp of these two new Corwin-Churchill Motors, Inc. Bismarck, North Dakota. . “