The Bismarck Tribune Newspaper, January 30, 1930, Page 2

= Se ee IN DOLLARS- CENTS LOWEST SINGE 1927 Downward Tendency Expected to Continue Till Revival of Business POSSIBLE RISE IN WHEAT Foreign Buyers Fighting Shy, but Will Have to Enter the American Market Soon By Rex E. Willard, Farm Economist, North Dakota Agricultural College. The considerable reduction in fac- tory employment and payrolls which has ‘accompanied the reduced rate of industrial activtity is being reflected in the prices of certain farm products such as dairy products and cotton. ‘This reflects the curtailed buying power of consumers. The general level of commodity prices at wholesale markets declined further in December, reaching the lowest level of the year;about Decem- ber 15, but the decline was at a slow- er rate than in the preceding weeks. The present year begins with the gen- eral commodity price level below that of any month in the past two and one-haif years. The downward move- ment in the general commodity price level is likely to continue until busi- ness recovers. During the next two months the general level of farm prices will probably average lower than in December. Prices received by farmers in North Dakota for their products are estimated to have de- creased from an index of 134 Decem- ber 15, to 132, January 15. The index of prices paid by farmers for com- modities bought stands at 156. Wheat ‘The outlook for cash wheat prices during the remainder of January and February has not changed materially in the past month and indications are still for some improvement in . Both the visible supply of wheat in the United States and in the world are declining. Export de- mand appears to be improved. After February the market is likely to be influenced largely by weather condi- tions and prospects for next year’s crop. The world situation is unchanged. ‘The amount of wheat available is ap- parently about 360,000,000 bushels less for the past season. The visible supply of wheat in the United States has been reduced by about 20,000,000 bushels from the peak reached at the end of October, but is still 40,000,000 bushels above the visible supply on the corresponding date a year ago. Foreign demand for wheat to date has been‘disappointingly weak. Some deficit countries will need to buy more during the remainder of the season and they must turn to North America | ie Ose neat year than last. The movement into seven leading producing states increased over 25 per cent. The estimated number of cattle on feed in the corn belt states was about jthe same January 1, this year, as last, |e some decrease in cattle feeding was reported for the western states. Hogs A tendency to hold back hog ship- ments in anticipation of higher prices may result in a rather sharp advance in January and early February fol- lowed by an earlier than usual decline when late winter marketings tend to increase supplies on the market. Hog slaughter in December was 12 per cent smaller than in December, |1928, but was larger than the Decem- ber slaughter of three years, 1925-27. A decrease in cold storage holdings of pork and lard compared with a year ago is one of the elements of strength in the current hog situation. A large export movement of pork and lard in recent months has materially reduced storage stocks. Lambs The large supply of lambs to come to market during the balance of the season will probably keep prices be- low 1929 levels. Receipts at seven —_—_—_—_—_—_—_—_—_—_—__ for a good share of these require- | ments. Flax i Unusually short supplies of flaxseed in the United States are expected to| maintain the present price level, but | no further rise is anticipated. Un-} favorable yields in the United States, Canada and Argentina have resulted in a crop 30 per cent less than last year and the highest price since 1920. Potatoes Current changes now taking place in the buying power of consumers suggests the possibility that the price advance that might have been ex- pected in view of the small potato crop may not materialize. Market- ings in December as indicated by car- lot shipments were about 11 per cent greater than in December, 1928, and about 10 per cent greater than in De- cember, 1926. These shipments, to- gether with the indicated supply for the season. suggest a relatively larger supply available for the next three months than that for the comparable Period in the 1926-27 season. Cattle The low point in cattle prices will Probably come later this year than last. Total cattle supplies during the next four months are expected to be about as large as last year, but with fewer the first two months and more the last two. Receipts of cattle at seven leading markets in December were about 6 per cent larger than in December, 1928, but inspected slaughter was about 1 per cent small- er than last year and 20 per cent be- low the five-year December average. Out-shipments of stocker and feeder cattle were larger in December this The guarantecd -special patent flours OCCIDENT. LYON’S BEST OR CLIMAX “Our Money Back” guaran- tee is an insurance policy with every sack. RUSSELL- MILLER MILLING CO. This new honey syrup So delicious ddightful flavor when you serve that tempts the appetite, fat ts expensive, too, i Buye pa na A cer’s today ... autt for the Honey Flavored. Stacey SALes “I find it helps my golf if I keep in shape all winter.” leading markets and inspected slaughter were both about 4 per cent larger than in December, 1928. The estimated number of lambs on feed was about 15 per cent larger January 1, 1930, than a year ago. Prices of lambs the first week in December, 1929, were about 76 cents lower than December, 1928, and in the last week of December were around $2.50 lower. ‘The average price received by North Dakota producers for lambs Decem- ber 15 was $10.10 per hundredweight. ‘This was estimated to have increased to $10.30 January 15. In What Month Is Your Birthday? On your Birthday send your Mother Flowers Hoskins-Meyer Home of KFYR TO GET WAR HONOR LONG OVERLOOKED David Schwartz, Golden Valley, Cited for Bravery in Get- ting Message Through Through an intense barrage of ar- tillery and machine guns, the scream of high explosive shells and the roar of a great battle of the World war. a runner succeeded in getting a mess- age through where others had failed. It was on the St. Mihiel front in Prance, more than 11 years ago. The lives of a large number of men de- pended upon the successful delivery of the note. Several others had vol- unteered without success. But David Schwartz, a Legionnaire who now lives at Golden Valley, N. D., dodged from shell hole to shell hole, through entanglements and over shrapnel-swept ground, to his desti- nation. And now, after 11 years, the United States government is going to of-| Nort! ficially recognize that gallant act as a result of an investigation made by the North Dakota American Legion. January 20, 1919, First Lieutenant ‘DeWitt Mullett, of Company A, 358th’ infantry, 90th Division, submitte1 to his- commanding | offieer- the- oltation | La calling ‘attention ‘to this act of bra ery. Schwarts whs advised of the tation, but the years rolled by. Mpenentty, qi ent headquarters of the North Dakota Legion learned of his act. Negotiations were begun with the adjutant’ general's office and the War department, with the result that the citation has been approved. It was in September, 1918, near Les Huit Chemins Viley, to the citation made by Lieutenant Mullett, that Schwartz volunteered to’ carry the: message, together with maT first class private, Lester A. Reed. Schwartz succeeded in getting through, and the Heutenant recom- ‘mended he be cited “for bravery and extraordinary heroism.” The citation entitled Mr. Schwarts to wear a silver citation star on the ribbon of his Victory Medal and the star is now being forwarded to him. Shepperd Tells Tale - How N. D. Won Honors At Livestock Show “The great argument which the winnings made, in my opinion, is that Dakota th feed and climate are such that the best quality meat stock W ei bao tural ae Pee ee ed ee Morttonie Builders Only 6%, Interest ‘MONTGOMERY WARD & co. in the world can be produced here,” |. says President J..H. 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