The Bismarck Tribune Newspaper, August 22, 1928, Page 3

WEDNESDAY, AUGUST 22, 1928 FARMERS MAY ARRANGE LONG PERIOD LOANS: Ample Funds for North Da- kota Farmers Held by Fed- eral Land Bank Ample funds for lending to North Dakota farmers for long periods on their first farm mortgages were suréd members of National Farm Loan Associations yesterday F. H. Klawon, President of the Federal Land Bank of Saint Paul, at a meet- ing here of the rep tatives of a number of these local associations. The meeting held here was the fifth meeting to be held in the state. Others were held at Devils Lake, Dickinson, Valley City and Minot. ted are called principally to dis- cuss farm credit and long term loans on first farm mortgages. Rep- resentatives from eight or ten coun- ties are attending today’s meeting. There are 4,655 national farm in the BL tion in this district makes sireaeh the Federal Land Bank of it. on told them that the im- pression that the bank does not wish to make such loans is wrong and that its policy is to serve the farm- ers of-North Dakota. He assured them that loans must be made upon conservative basis and that the earning power of the lands for agri cultural purposes must be pal consideration in farms for long term loans. “At present the bank has about $4,000,000 which is available for first mortgage loans at 5 pet cent interest, he assured the secretaries. Many farmers borrowing else- where will find it necessary to pay a rate 2 to 3 per cent higher. State Well Represented “North Dakota is well represented in the business done by this bank, there being 9,667 borrowers who have loans aggregating $39,430,200, out of a total 35,417 borrowers of $136,482,500 in the district covering, in addition, W,sconsin, Minnesota and Michigan.” Mr. Klawon explained that inter- est on the huge sum amounts to ap- proximately $6,200,000. “Payments in installments by borrowers is th best barometer we have of condi tions in this district. While the im. provement is smal! compared with @ year ago, there is no question but what there is a turn for the better. We hope it will be possible to reduce delinquencies in a few months to where they are nominal. “During July we sold 26 farms, twice as many as during that month @ year ago. Practically all the sales are to neighbors. At present prices, there is no better investment avail able. Farm lands can be mi pay a reasonable income by the farmer who has a sufficient amount of capital and equipment. In « great many instances farms are being of- fered for sale at prices and on terms that are more favorable thar land could have been obtained 20 or years ago under the homestead law.” Farm Loan Best F.G, Wan.k, Secretary of the Federal Land Banx, stated, “The Federal farm loan is the farmer can sider it a privilege to be allowed one. The interest rate can never be in- creased and through the payment of dividends on his stock, can be ma- terially reduced. There is no other loan just like it and none that can compare with it. “There has been some criticism of the Federal Land Bank system which has demonstrated that it plays an important part in the financial development of the coun- try. These criticisins made by those who have not possessior. of all facts, for it is just us true that the Federal Land Bank system bears the same relation io the development of agriculture - the Federal Reserve Banks do to the financial structwe of the country. “If the Federal Land Banks would not make another loan they would jneety their existence because as long as they have the power to make long time loans at a very low rate of interest they wil stabilizer of the interet agriculture must pay. The Federal Land Bank of Saint Paul has not curtailed its op ns in any way whatever and is_ina_ position to take care bf all first class loans of- fered it, but it does demand that they be first class loans.” _ Short talks were also made by two directors of the bank, Samuel Tor- rson, Grand Forks, and John C. imith, Mandan, and . Gwyther, Fort. Rice, secretary-treasurer of the heal National Farm Loan associa- ion. F. A. Vogel, secretary-treasurer of the National Farm Loan association, was elected councilman from this group to represent the third district of the association in deali with the Federal Land Bank of St. Paul. ene. Arges of set association who ai en meetin; watery are: R. R. Boyd, R. Le Dralle, A ll of Bismarck; . Be lorris- Ted Hettanan Me: ‘red Heitzman, Mc- A. Gogsteller, rigs nton i 5 leiser, and G. Delle Briggle, all of Hazelton; Christ Le- boon and J. W. Zeyer, Driscoll; P. J. Rausch and Adolph Reihl, Ra- 3; H. E. Wildfang, Sterling; E. Cc Pogertys Sterling; G. D. Todd and Christ Christenson, Medina; G. A. Lenhart, Levona; D. A, Mabe, Tappen; N. Bismarck; J. D. Meur, Linton worth; E. Crary, Bentjey: T. Heitzmann, McClusk; . Sten- guist, Albert Aune, and Joe Vass, ilton; A. C. Rausch, Mandan; W. E. Hurley, Pettibone. Grand Jury Petitions _ Are Being Circulated * ‘That petitions the im- mediate calling requesti: of jury in circulated to investigate ahd gather all avail- able information on all criminal cases in the district, the judge says, but petitions are often prepa: asking the judge to call a grand jury to investigate at least one case in particular. the petitions are being circu- the sponsors probably desire the investigation of one particular case, the judge said, but he had no comments to make on what the case ee y if petitions are received the ju: is authorized to decide wiete ee not the grand jury call is necessat If it is necessary he issues the cal DODGE STORES LOSE $6,400 Four Business Houses Entered by Robbers in General Looting Approximately $6,400 was stolen from four business houses in Dodge, Dunn Raed by burglars Monday aecording to a report reaching ye a At the Otto Wott butcher shop the burglars secured less than $1, but they took $150 in cash and about $6,000 in notes and other paper, some of it negotiable, from the Sam Goetz pool hall. Some in- surance policies are missing. The ellen mn was pulled from the safe. About $200 in cash was taken from the Peter Goetz general merchandise store. Nitroglycerine was used to blow the safe in the office of the Dodge Motor company. John P. Fisher, manager, estimated dam: to be several hundred dollars, and $50 in cash is missing. —_————__—_— | Additional Market | CHICAGO LIVESTOCK Chicago, Aug —(A Hogs: 10,000. Market mi 25c higher than Thyrsd Packing sows at full 12.85 paid for 180-226. Buechers, mediu mto choice 250-350 Ibs. 11.75@12.55; 200-250 Ibs. 11.90 @12.85; 160-200 lbs. 11.60@12.85; 130-160 Ibs. 11.15@12.65. sows 10.85@11.85. Pigs, medium to yee 90-130 Ibs. 10.75@12.25. weak feeders steady. Slaughter classes: Steers, good and choice 1300-1500 Tbs. 14.25@16.75; 1100-1300 lbs. 14.35 @16.90; 950-1100 Ibs. 14.65@17.00; common and medi . Uy 9.00@14.75. Fed gt and choice 750-950 Ibs. 14.’ 17.00. Heifers, and choice 850 lbs. down 1 poe! common and medium 1@14.: Cows, and choice 9.25@13.00; common and medium 9.25; low cutter and cutter 6.25@7.65. Bulls, good and choice (| ) 9.75@1 cutter to medium 7.25@9.75, Vealers (milk- fed), good and choice 16.50@18.50; medium 13.50@16.50; call and com- mon 8.00@13.50. Stocker and feeder steers, good and choice (all weights) 11.75@13.75; common and medium 9.50@11.75, Sheep: 17,000. Fat lambs opening 15¢ to 25¢ lower, most sales off, shorts considered. gers slow. Sheep and feeding lambs about steady. Lambs, good and choice 82 Ibs. down 18.00@14.25; medium 11.50 @13.00; cull and common 8.00@ 11.50, Ewes, medium to choice 150 Ibs, down 4.25@7.25; cull and com- mon 1.75@5.25. Feeder lambs, good and choice 13.60@14.15, FARGO LIVESTOCK Fargo, N. D. Aug. 22.—(P)— Cattle: Good steers 12.00@13.00; medium steers 11.00@12.00; fair steers 10.00@11.00; plain steers red | 7-00@8.00; .00@10.00; good’ heifers 10.00@ toe medium TL ther el fair heifers 8.00 s ora, bags medium cows 7.75@8.50; 7.00@7.50; plain cows 6. 50@ 6.00 bull cutters 5.50@' 5008 7.00; 8.00; medium bu x OO. \ mon bulls 6.50@7. 1400@18.00; light heavy Calves: Top vea. cull veal 9.00@10.00; calves 12.00@13.00; heavy calves 7.00@9.00; canners calves 5.00@7.00. Sheep: Top lambs 12.00@13.00; heavy lambs 100 Ibs up 11.00; 12.00; cull lambs 8.50@9.50 light wes 130 Ibs down 5.00@6: heavy ewes 160 Ibs up cae, Be cull ewes 1,00@3.00; bucks 2. . Hoge 150 to 180 Ibs 11.25@11: 180 to 200 Ibs 11.50@11.90; 200 to 260 Ibs 11.35@11.55; 250 to 300 Ibs 11-15@11.65; 300 to 350 lbs 11.00@ 11.25; packers 40.256@10.65; stags 9.75@0.40.* ——— FROST CAUSES WHEAT UPTURN Rise Comes Late After Bot- tommost Level of Year Was Touched Chicago, Aug. casts of frost in parts of Alberta and Saskatchewan, Canada, led to upturns in wheat prices today. The rab came after quotations on Sep- tember delivery of wheat here had touched the bottommost level yet this season. It was asserted in quarters that wheat is now selli at below the average cost of produc- tion in the United States. Wheat closed firm, 1c to 1%c net higher, corn “4c to %e up, oats showing %4c to %c advance, and pro- visions unchanged to 7c down, ———— The rose topped the list, for the third successive year, in a flower —~¢| popularity census taken in 269 schools in New York state. Have you registered at Ber- p | geson’s new clothing store? We pay you to register. Too Late to Classify NTED—Girl to take care of nares children. Call at 600 Thayer between two and 6 in the after- noon. ——$———— WANTED—Girl for general house- : work. Must be competent, Call at 314 W. Rosser. FOR RENT—Sleeping room suitable for one ov two in modern home, with or without board. Phone 983-W or call at 120 Ave. A. FOR RENT—Furnished house for September only. Call 690. ——— FOR RENI—Light housekeeping rooms in raodern home. Close in. Private entrance. Phone 544-W or call at 320 Second. FOR RENT—LEASE STORE ROOM at Bismarck, N. D. Bank, cor. ~ Third and Main. Al- so basement, same vicinity, suit able for business or athletic pur- se. Apply Dakota Corporation, Box 368, Bismarck, N. D. FOR SALE Two used trucks. One 3 1-2 ton Packard, i 8 1-2 ton Republic. e McCormick binder, used. On Terms. ; DAKOTA CORPORATION P. O. Box 368, Bismarck, N. D. WANTED—Good clean rags, 5c per pound, Short Stop Service Sta. tion. FOR SALE—Electric piano, cash $1400.00. New. Bargain price for immediate sale. J. B. Smith. Easy AND PLEASANT To Knut FLIES Bs Fly owatting is old unsanitary. Use the easy and pleasant fashioned . . messy, &. method. Spray FLY-TOX upward in rooms. No fly or mosquito can escape. FLY-TOX is fragrant and harmless to people. Every bottle guarantecd. Federal Trucks We are in position to make immediate delivery at Bis- marck on Federal Six Cylinder One Ton Trucks, equipped with cab and grain tank. Dealers wanted in every. town. Corwin-Churchill Motors, Inc. Bismarck, North Dakota For Rent ‘Modern Five-Room Apartment EAST FRONT ' Good jecation between Main and Brogdway on Fifth ‘Phone 58 or 339-W, or call at Brown & Tiedman @ | mother and baby are doing nicely. THE BISMARCK TRIBUNE NG | Painted Woods | Mr. and Mrs. Joe Brown are the proud parents of a baby boy born to them Tu-sday afternoon. Both spent Sunday at Bismarck visiting) friends and relatives, Harold Soderquist is busy har- vesting his crop this week. C. D. Iverson was a Wilton callez Thursday moi i? Elias and Ole Lillefjeld called at Joe Brostrom’s Thursday afternoon. Elmer Benedict is assisting Walter Mitchel this week. The ideal weather of the past week has given the farmers a chance to keep at their farm work in general. Mrs, Fred Brown was a Wilton| Thursday fror: which point Albie caller Tuesday morning. took the train for South Dakota, Mr. and Mrs, Frank Erickson and| where she is teaching school. son Ernest spent Monday and Tues-| Joe Brown visited his wife and day at the Andrew Nelson home.| baby at Wilton Wednesday evening. Frank is helping Mr. Nelson shock| Ole Lillefjeld was a Wilton caller his graii Friday. Elias Lillefjeld and Cle Lillefjeld| Mrs. Ole Soderqui called on called on Dick Iverson Thursday. Mrs, Elsberg Thursday. Mr. ind Mrs. Elias Lillefjeld and] Mr. and Mrs. Frank Erickson lerald were visitors at the Ole| called at Andrew Nelson’s Thursday. Lillefjeld home Thursday morning.) Wm. Brown took a load of buy Mrs. Chas. Hannafield and daugh-| to Wilton Thursday. ter, Albie motored to Bismarck] Mr. and Mrs. Frank Erickson Forest Hille, N. ¥.. Aug. 23— —Quite a few of the girls barelegged when playing mu tournament tennis, Among them are Miss Elonora Sears and i Mr. and M Charlotte Hosmer Chapin, rs, Lillefjeld and rs. Elsberg were callers at the M eo) Lillefjeld home Sunday eve- see gat aetale eticta Leo funda: Ole Lillefjeld home. eel, lad will * golf if the style at seaside vails. the f read to. links pre- TT | BY POPULAR REQUEST | Frederick-James’ 35th Anniversary and August FUR SALE| Because of the unusually gratifying response to our August sale of Fred- erick-James furs held here early in the month, we have decided to again of- fer the women of Bismarck and vicinity an opportunity to obtuin Fred- erick-James furs at these phenomenal low prices. This is positively your last opportunity to purchase at the reduced summer prices. Order Now At Extreme Savings A Few of the Exceptional Values Dozens Not Listed Seat tee Aca oe ee ea at settee “UU garments at e KID CARACUL, a very supple flat skin, elaborately trim- med with silky TAUPE FOX is an $ 1 65 00 unusual value at NORTHERN SEAL coats are shown in luxurious profusion with every favored trimming. A particularly striking lot of NORTHERN SEAL coats is trimmed with smart Johnny. collars and cuffs of SQUIRREL or $ 1 55 00 e SUSLIKI at It has never been our pleasure to show a more complete or more varied line of HUDSON SEAL coats than are present- ed in this event. One of the season’s finest garments is elaborated with collars and cuffs $375 00 oe e of BARONDUKI Later in the season it will be impossible to duplicate these coats of NORTHERN MUSKRAT made entirely of selected Natural Plucked Otter at -----...... $290.00 NATURAL RUSSIAN CARACUL, with a very flattering mul ann. Sake.eo PONY is again very favorably regarded this season and these smart little coats trimmed in Beaver and Fox should i A Chick Little Novelty coat of BLACK $1 2 5 00 e Now, more than ever be- fore, the Frederick-James label is your guarantee that everything -- Style--Quality —Durability and Price—is right. BSSSSS —] aE oa a a A small deposit will hold any garment, and storage is provided free until fall. Our liberal deferred payment plan is at your service. CARACUL, leather trimmed is offered HAIR SEAL is noted for its durability and the Leopard trimming, the clever little Johnny collar, and the panelled skin effect, make the popularity of this $1 50 .00 e Your Last Opportunity to Place Revairing and Remodeling at Reduced Summer Prices! A STANDARD OF VALUE SINCE 1893 hrvis-Hobertso FOR WOMEN’S WEAR Bismarck, No. Dak. Commencing Noon Thursday FRIDAY SATURDAY .. August Twenty-Three Twenty-Four Twenty-Five 1 UUHT AUT THU A000 001A PAN AMPEG UOTU OU DUDE TOBAGO ‘THURSDAY