The Bismarck Tribune Newspaper, October 17, 1930, Page 2

i , _THE BISMARCK TRIBUNE, FRIDAY, OCTOBER 17, 1930 INUSTRIAL STATUS | OF BUSINESS STILL INDEGSIVE FACTOR Lowering of Prices Stimulating, Even Prompting Buying in Advance of Needs FOREIGN UNREST HARMFUL Transitions Slowly Bringing About Changes of Per- manent Strength \ The main point of encouragement | in a complex and uncertain situation has been the quickening of retail trade over a considerable area of the country, according to R. G. Dun & Co.'s weekly review of trade. Not un- naturally, the degree of stimulation |- has varied in different localities, de- pendent upon weather conditions and; purchasing power and disposition, and | the ‘gains obviously mark 2 wholly sea- sonal trend, says the review. With full allowance for the latter fact, however, the enlarged demands add a hopeful note to present conditions, it adds, continuing: Apart from the increased mercan- tile activity that logically accompanies the turn from summer to autumn, there has been this year the further influence of offerings of goods at rrices which have proved attractive to consumers. Similarly, raw materials have been lowered in cost to levels where some buying in advance of actual needs has been prompted, al- though this movement has not at- tained anything resembling wide- spread proportions. Decisive Change Lacking The - industrial status, as dis- tinguished from the retail position,'re- flects no clearly-defined betterment, so that general business thus far lacks the hoped-for recovery. Much diverg- ence of opinion exists as to the prob- able time when decisive revival will be witnessed, which accentuates the pre- vailing confusion, and foreign compli- cations also have intensified the un- certainty. Continued unsettlement in impor- tant markets has not been helpful to sentiment, there still having been more pressure to sell than to buy in stocks, grains and cotton, and Dun’s list plainly shows that the decline in wholesale commodity quotatitons has not yet stopped. It is evident, from developments in various quarters, that economic adjustments have not been completed, and the process is attended by unsatisfactory phases which are considered natural in the circum- stances. The transition, however, is bringing about, if only slowly, chai which eventually will strengthen fhe com- mercial structure, and this is among the factors that support confidence in the longer future. The immediate re- sults are disappointing to many in- terests, but there is not now, as was the case a year ago, a greatly inflated loan account caused by extravagant speculation, and in this respect the current situation is more wholesome. Depression in Stock Market The disturbed state of the stock market last week reached its climax ‘Thursday after the announcement of the failure of a prominent brokerage house. Previously prices had been de- clining, with only minor interruptions, and the late break carried not a few issues to levels even under those touched during the speculative debacle last fall. At the height of the un- settlement this week losses of a num- ber of points in shares of leading railroad, industrial and other com- panies were common, and the price for United States Steel dropped to 146. Reflecting the recent liquidation, brokers’ loans have been drastically reduced, the latest reported decrease being $158,000,000. That contraction, following one of a similar amount last year, lowered the total to $2,905,000,000. It is necessary to go back to around the end of April, 1927, to find so small an aggregate, and the present figure makes a striking contrast with the high record of $6,804,000,000 estab- lished at the beginning of October Jast year. Steel Output Slightly Lower That there is no general upward trend in the steel industry is indicated this week’s reports. Indeed, the operating rate for the country at large, despite more activity in some quarters, fell below last week's level, g the latter part of September lume of retail dry trade further, being aided by weather conditions. In the jains have been moderate, has been the encouraging activity in several stores. of merchandise at attractive we been helpful, although the Tesponse has varied considerably in different, sections of the country. The effects of the reduced buying power caused by the drought of the summer the lower prices for agricultural as well as the smaller em- ployment in large centers of manu- facture, scarcely could have failed to restrict distribution. Meanwhile, there hhas been no definite check to the de- cline in prices for textile raw materi- als, cotton, wool and silk all being lower. . So far as published quotations re- trend of the markets, there a better situation in hides this Similarly, the trend in foreign seemed to be improved, in it were maintained or slight- higher. Recora oi Week's Failures con! with last week’s reduc- fail in the United States in- week, totaling 473. That ig 26 in excess of last week's Gefaults, and is 105 above the 386 reported a year ago. Aside @ small decrease on the Pacific mgr ip Dlg failures this than weel each geograph- section, the sharpest rise being in ‘south. , Canadian failures ae it a Hn BBEGE 57, ‘week compare with 62 last week 48 reported a year ago. BE,SE for personal injuries. From a judg- ment for the plaintiff and from an order denying the deferfdant’s motion appeals. appellant. Bismarck, for respondent. respondent, vs. Frank S. Johnson, de- fendant and appellant. court to permit a witness to state a of inference. ;| has the right to show, ifhecan, that "| of the child was frequently in the of that creditor to refrain from any | Retail Trade Quickening Ove | OUT OUR WAY . By Williams CAPTURING THEst BANDITS SNIGLE HANDED | WAS REMARWABLE, | Bor MORE REMARKABLE STILL IS HOW YOU MANAGED TO BRING THEM ALL THE WAY IN WITHOOT THEM GWING YOU ANY. HELPLESS. TROUBLE ‘the resources of a pasture. r Country According to Dun’s Review [FERTILIZER URGED /sieseateetete Sn ete fs low COLLD THEY, SIR ? I TooW ALL THER WEPPONS AWAY TRAMs ©1990 BY NEA SERVICE, INC.REG. U. 8. PAT. OFF. State Supreme | Court Decisions Mary V. Schlinker, plaintiff and re- spondent, vs. Francis Jaszkowiak, de- fendant and appellant. In an action for damages for per- sonal injuries incurred by the plain- tiff when she was run down by an automobile truck driven by the de- fendant's agent, the record’ is ex- amined, and it is held,’ for seasons stated in the opinion: 1, That the evidence is sufficient to sustain the verdict for the plaintiff returned by the jury. 2. That there was no prejudicial error in the court's rulings with re- spect to the admission of evidence. 3. That the instructions com- plained of were proper and sufficient. Syllabus by the court. Appeal from the District Court of Burleigh County; ‘ion. Fred Jan- sonius, judge. Action for dantages for a new trial or for Judgment not- Affirmed. Opinion of the court by Nuessle, J. F, E. McCurdy, of Bismarck, for than for farm products. William Langer and P. H. Butler, of State of North Dakota, plaintiff and cent. 1, In matters of description of ac- tion, or appearance of a defendant, it is within the discretion of the trial fact observed by him even though his statement involves a certain element 2. The admission of evidence to the effect that on the day a crime was alleged to have been committed, | @ public sale was held four or five miles from the scene of the alleged crime, was in no way prejudicial to the defendant. i 3. In the instant case the evidence | fully sustains the conviction. Syllabus by the court. Apeal from. the District Court of | McLean County, North Dakota, Hon. R. G. McFarland, judge. Hon. James Morris, attorney gen- eral, Bismarck, N. D., and R. L. Fraser, state’s attorney, Washburn, N. D., attorneys for plaintiff and re- spondent. McCulloch & McCulloch, Wash- burn, N. D., attorneys for defendant and appellant. scheduled as liabilities. Syllabus by the court. land, Judge. Burr, J. pellant. respondent. State of North Dakota, plaintiff and respondent, vs. Douglas Kvenmoen, defendant and apellant. 1, In proceedings to determine the paternity of a child, where the testi- mony is conflicting, the defendant ing from $7 to $10. at the time of conception the mother company of other men at unseason- able hours and for considerable lengths of time and under such sus- | picious circumstances that .he jury | can infer sexual intercourse occurred. 2. In such proceedings the defend- | ant has the right to elicit such testi- mony upon cross-examination of tne | mother, who testified the defendant | was the father of the child, and also | by independent proof; and it is re- versible error for the trial court to prevent such cross-examination of the mother and to deny opportunity to make proof by independent sources. « Syllabus by the court: . Appeal from the District. Court of Cass county, Hon. A. T. Cole, Judge. Reversed and new trial ordered. Opinion of the court by Burr, J. John C. Pollock, state's attorney, ot Fargo, N. Dak., attorney for plaintiff and respondent. Clair F. Brickner, of Fargo, N, Dak., attorney for de- fendant and appellant. E. Delafield Smith, plaintiff and: appellant, vs. H. Langmaack and’ Klara Langmaack, defendants, Klara j Langmaack, respondent. | - 1, Section 29(b)5 of the national | bankruptcy act as amended by the act of May 27, 1926, makes it a penal offense, punishable by imprisonment for a period of not to exceed five years, for a person to knowingly and fraudulently receive or attempt to obtain any money or property from : any person for forbearing to act in| bankruptey proceedings; therefore a| note given by the bankrupt and his | wife to a creditor who had appeared | to contest the bankruptcy proceed- ings. upon the agreement on the part. | F, A. LAHR By ALLARD SMITH Executive Vice President, the Union ‘Trust Co., Cleveland, Onid. j Ohe of the yépi’s most far-feaching withstanding the verdict, defendant | developments Nas been the decline in commodity prices. While nearly all lines have suffered severe readjust- ment in this regard, nowhere has the price recession been more pronounced In a year, quotations for farm pro- ducts have dropped about 24 per cent The decline for prices of non-agri- cultural goods has been about 12 per Prices of manufactured food products are down 20 per cent. further action in the bankruptcy proceedings and to cease his attempt to prevent the discharge in bank- ruptcy, is unenforceable between the parties, even though the note repre- sents the amount due the payee from the bankrupt upon valid judgments Appeal from tho District Court of Foster County, Hon. R. G. McFar- Affirmed. Opinion of the court by C. W. Burnham of Carrington, N. | Dak., attorney for plaintiff and ap- Hoopes & Stevens, of Carrington, N. Dak., attorneys for defendant and McKENZIE CORN SHOW ON Watford City, N. D), Oct. 17.—(P)}— McKenzie county is holding its tenth annual corn and potato show here today and tomorrow. Prizes are being offered for the best exhibits of corn, Potatoes, and vegetables. The best booths erected by homemakers and|He said indications were the settle- 4-H clubs will be awarded prizes rang- 72 Wall Street ' Sponsor of UNIVERSAL TRUST SHARES Rise in Farm Prices Near, Says Cleveland Financier Farm products values have dropped to levels prevailing 15 or more years ‘ago. was 141. old. It's a long road which has no turning, however, and the govern- ment’s most recent index of farm values showed a small rise. This index late in September stcod at 111, taking the base of 100 average from 1909 to 1914. In August the index stood at 108, the lowest point in many years. One ypar ago it ye Food consumption doesnot vary greatly in good or bad times. decline of farm prices this year has reflected large world wheat and other products. Consump- tion may be somewhat accelerated by low prices, and as supply and demand become better prices will prevail. Recent indica- tions have pointed to the possibility that a genuine strengthening of farm products prices is net Scientists to Observe Quinine Tercentenary St. Louis Oct. 17.—(#)—Scientists ‘from all parts of the world will ob- serve the tercentenary of the first use of quinine here October 31 and November 1 at Shaw's garden. Dr. George T. Moore, director of the gerden, has found that quinine Was first used as a medicine in 1630, President A. R. Van Linge of the Niederlandsehe —_Kininefebrick Amsterdam and Dr. M. Kerbosch, di- rector of the government cinchona plantation in Java, who directs pro- duction of virtually the world’s sup- ply of the bark from which quinine is extracted, will be speakers. FIND INDIAN SETTLEMENT Brantford, Ont., Oct. 17.—(#)—Dis- covery of the site of an ancient In- dian settlement in the Grande river reserve of the six nations is reported to the Brant historical society by W. A. Wimtemberg, of the Dominion Archaeological department of Ottawa. The surpluses of balanced, steadier at ment was some hundreds of years We take pleasure in announcing that Mr. Louis T. McFadden Chairman Committes on Banking and Currency has been elected Chairman of the Board of Directors of this Corporation. Transcontinental Shares Corporation New York City For full information regarding Universal Shares Inquire of INVESTORS MORTGAGE SECURITIES COMPANY Local Distributors Phone 1660 First Floor Dakota National Bank & Trust Co. Bidg. BISMARCK, NORTH DAKOTA E, V. LAHR ing in Barns By FRANK I. WELLER New York, Oct. fertilization, a familiar practice Europe, but virtually unknown American farmers, has been encour- aged by the drouth to make its debut in the great hay and pasture belt where short rations threaten 12,000,- 000 dairy cows. Eventual use of 1,000,000 tons pasture fertilizer annually in dairy region is predicted by J. Abbott, agronomist of the National Fertilizer association and himself a farmer of Bellows Falls, Vt. His prediciton was made in an ad- dress prepared for a conference New York, Thursday, between the sociation and the farm press of the nation. Other farmers also left their ft rows to bring to Broadway an count of personal pasture demon- strations and acquaint farm editors with the economic side of the move- ment. Another Complicated Process There is more to it, they say, than merely sowing fertilizer and milking the dollars out of the cow. Proper management of fertilized grazi land is about as technical and com- plicated as production of any aral crop. Cornell university has found that the average feed cost per cow day for the six summer months is about 10 cents, whereas the cost during winter, months is about 38 cents a day. ‘The conclusion is drawn that in far as fertilization can make pastur- age take the place of manger feed- ing it is profitable—probably to the extent of 20 cents per cow day. In addition to big savings in feed costs, it is pointed out, healthier and better pastures would go far to main- tain the milk flow, which at times during the drought became seriously impaired. In some instances the supply several large cities was threaten resulting in price advances to the consumer. Fertilized land, Abbot says, yields good grazing one to two weeks earlier and during that time is of maximum value because of- complete replace- ment of expensive manger ft Method Is Nitrogen Dressing With a top dressing of nitrogen after the first grazing, it will recover within four to five weeks and become available for grazing again just longing the June flush at the lati end. Abbott suggests that be. int m replaces a large amount of expens! manger feeding. ‘Too, fertilization to withstand drought and heavy grazing is most needed in the case of dairy her since they must be kept within 77 ~ < ahs : Tee NS IT a ges is the ON DAIRY PASTURE AS DROUTH RELIEF Stimulation of Grass Feed Ad- vised to Cut Costs of Feed- 17,—(@)—Pasture {ALFALFA SEED CROP {0 PER CENT LARGER ‘as the | Pastures begin to get short, thus pro- fertilization the East,” Abbott says, reached the stage where more ci than the grass will maintain high production costs. amount of fertilizer they use on ci and other cultivated crops.” in of the| Registered Grimm Production’ cut in tne carck yg te Reoas ae i] Will Be One-Fifth Greater; | BY {he lights, tuted to clear the roed - Prices About $16.90 ator, crushing it and fatally injuring Lara ‘There is no open season on fe- in] Alfalfa seed ‘production is expected as-|to be about 10 per cent larger than & olga and bulls can be! shot year ago. The J. S. ‘ur- ac- tion of about 45,700,000 pounds about 41,250,000 pounds last year. Production increased in several the important producing states the greatest extent in Idaho harvested in Montana, ble | kota. as a year ago. six States, was 150 that of last year. in ed, rear, those of a year ago. wise smalled. damage by such pests as chalcis fli the crop in a few states. ter lower-sthan=/last year. jive ‘ds, VX Ane - PAL! 'S easy to gét up in a warm home, and it’s easy to heve a warm home wherc F] = EZ 2 AY ot fuel. “In many sections, particularly in “we have kept, and so much manger feeding is_necessary that in many cases dairy farming is unprofitable because of “We believe farmers in the .hay and pasture belt, lying north and east of the corn belt, could use nearly 1,000,000 tons of fertilizer annually on pastures now and make a larger average profit on it than on the small bureau of agri- cultural economics estimates produc- but to Acreage saved for seed in the coun- try as a whole was about.the same Yields in a few im- portant states were much larger than last year, with the result that the average yield per acre for the country as a whole was slightly larger than that of last year. The average yield of 400 growers, whose aggregate pro- duction amounted to about one-nine- teenth of the crop in the United pounds, Production of registered (certified) Grimm alfalfa seed, estimated at ap- proximately 6,000,000 pounds, is ex- pected to be 20 per cent larger than The marked in- crease in the production of this va- riety in Idaho more than offsets the indicated decrease in Utah and the Dakotas. In Montana the crop seems to have been about the same as last In general losses from frosts were almost negligible in contrast with Losses from ; |rains at blossoming time were like- On the other hand army worms and grasshoppers may have been greater than last year. ‘Winter-killing and drought affected Prices to growers in the important districts September 23, average $16.00 mes 100 pounds, basis hong 1%! ued to responsive pastures and/common alfalfa al cent cases to that grazed ‘by the : a ‘Prices Were milking herd, since it is only in the higher than last year in western case of the milking herd that pasture South Dakota, southern Idaho, east- ern Montana, Utah and eastern New Mexico but were lower in most of the Jother districts. Lowest prices were reported in western Oklahoma ahd southwestern Kansas, and the highest ajin northern California and eastern working radius of the barns, which|Montana. Grimm alfalfa prices to of the offers between $20 to $25 OWS are and Hungary. Moose Fails to Leap orn Stockholm, of country-run seed, compared with . Over Bua, {s Killed Oct. “17—VP)—How _ a | 28. young cow mooce failed to hurdle a moter bus on a road juct cutside this city is one of the teids tcld this sum- mer to illustrate the rapidity with Italians Educating The’ bulk of the alfalfa imported] Unemployed Workers during the past fiscal year came from Argentina. The crop in that country was smaller than usual, with esti- j mates ranging from about 14,000,000| Turin, Italy, Oct. 17—(?)—This city to 20,000,000 pounds, comparea with about 39,000,000 last year, 22,000,000 two years ago and 26,000,000 pounds three years ago. In Europe fair-sized crops are expected in France, Italy For Special Posts is trying an experiment in getting work for the uasmployed. It consists in taking lixely groups of them and. educating them for special worn. { Proi. Gino Silorata began the ex- periments in 1928. He selected 507 ' idl men and sont them to vocational or profzasional schools. Before the course was over, 383 of the number had jovs, and whon the course ended Practically all of them were work- ; In ‘the 1929-1930 term there were | 308 such students, with practically the same rosults. This coming year | there will be another course. Fiagpole 241 Feet Up Is Shipped to London Vancouver, B. C., Oct. 17.—(NEA)— Fing pele sittozs ought to try some of the polcs shipped out of British ; Columbia to all parts cf the world. These poles ave for the most part Douglas fix, and find their way to London, Tokio, the United States and France. One of the highest flag- poles shipped from British Columbia is that at the famous Kew Garden, London. It is 241 feet high. of and Kansas. Larger crops were likewise Texas, New Mexico and Arizona. On the other hand a marked reduction ing|took place in Utah and a smaller crop was in prospect in South Da- prompt relief from HEADACHES,* SORE THROAT, LUMBAGO, RHEUMATISM, NEURITIS, NEURALGIA, COLDS ACHES and PAINS Does not harm the heart Your automatic fireman, the thermostat, turns on the gas at five or six.o'clock in the morning and you never have to give your furnace tending a thought. A burner may be installed right in your present heating equipment without altering your furnace or boiler in the least. The healthful, even heat removes forever the dangers from winter colds and improves the health of the whole family. Decide today to investigate gas heating for your home. Gladly will we have our home heating department estimate its cost. You will be surprised at the economy with-which your home can be heated by ges. Montana-Dakota Power Co. Open every evening from 7:80 to 9:30 GET UP HOM Bayer-Tablets Aspirin ASPIRIN Accept only “Bayer” package which contains proven directions. Handy “Bayer” boxes of 12 tablets. Also bottles of 24 and 100—All druggists. = =) } 3 4 p Wretru iseenetarret sin me steretie i