The Bismarck Tribune Newspaper, March 26, 1931, Page 10

OIL SHARE SELLING AND DIVIDEND CUTS , MAKEMART HEAVY (i: . Oils of New Jersey | Am, and California and Texas Corp. Hit New Lows New York, March. 26.—(#)—Selling | . Of the oil shares, particularly Stand- ards, and further dividend reductions gly Gath stock market a heavy tone afternoon trading Standard Oils of ie Jersey and Cs ifornia, as well as Texas Corp., touched new lows. Anaconda lost 3! on the dividend cut and Goodyear | ‘Rubber was down as much. Bethle- | hem Steel, U. 8. Steel, Eastman Ko- dak, Johns-Manville, Westinghouse ublic service ‘of New Jersey | 1 & 1%, Sales approximated | 000 shares. “Further bullish stimulation in the} Morning was sufficient to boost sev-| eral pool favorites to new peaks for | the year, but the paring of Anaconda’s ‘annual dividend rate from $2.50 to} $1.50 had not been generally expected | and the list eased off after midday. Several shares rose a point or two {m the early trading, although specula- tion for the rise was confined largely g to minor issues. Issues rising to new New York Stocks | Closing Prices March 26. Adams Express Alleghany . a Men & Dye . ane Gan is in Coml. Alco. . . & For. Pow. an eed am. Metal’. Am. Pow. Am. Roll, Sait C Am: Smelt, & Ref. Am. Sugar Ref. |Am. Tel. & . bate i la Aviation Corp. . Baldwin Loco. . Balt. & Ohio Barnsdall “A” . Bendix Aviation | Bethl. Steel Borg-Warner Bur, Ad. Mc! }Cal. & Ariz. Calumet & Hecla Canadian Pac. . Cannon Mills M. P. & Pe. peaks, nevertheless, included American | Gino, & Northwest. Can and Continental. Bohn Aluminum, National Surety, United Aircraft, and U.S. Pipe. High fliers were Worthington, Mullins and! ‘Auburn, up 4 or 5. These gains were | lost or modified after midday, as Ana- conda, Granby, Chile Copper, and American Smelting dropped 2 to 3} points. Lackawanna, Missouri Pacific | Cor preferred, Goodyear and McKeesport fell back about 3. U. S. Steel was among several issues selling off about | © @ point. ‘The day’s corporate news was large- |p, ly unfavorable, but contained little in| the way of real surprise, and specula- tive interests were encouraged by the | E: small amount of stock which appeared for sale. Call loans rose from 11:to 2 per cent. | Livestock esterday’ "s average; et Xi to 210 ‘cee ane ie | sows $040 ele ene | Others were |Chrysler . G. Gen. Railw. Sig. .. P| Gillette Saf. Raz. Gold ist, Good: jor. Pf. |Gt. Nor, Ir. O. Ctf. G. T. West. Sug. Grigsby ecleatad | Houd- ‘= | Houston ‘Ol. | Hudson Motot | Hupp. Mot. Car . nd: Indian Refin. 000; weighty |} on_ shipper | light <teers er grades Tight heifers and another 25 or more lower; heavy heifers and weighty fat — "sharing decline; vealers 50 or re higher; shippers paying up to $10.50 and better; most fat steers $7.25 to *9.00; early top heavies $10.25. Slaughter cattle and vealers: Steers, choice 600 to 900 pounds | Fy, 75; 900 to 1100 pounds! Ki s | Lowe's Inc. Pa te si'oo common and medium 600 to 1300 pounds $6.25 to $8.75; heifers, * ‘and choice 550 to 50 50 to $9.00; common ani choice $5.00 to medium %4.00 to $5.25; low cutter and cutter $3.00 to $4: bulls yearlin; excluded, —_ and choice (beef) a to $5.7: utter to medium $3.7! $4.85; Vealers (milk fed) good oe —— $8.00 to $10.50; medium $6.00 or cull and common $5.00 to Stoc! and ag 4 om and choice 10 cands S150 50 to ray 5; common and $8.30: comm P, tiny, active to ship- pers; mostly steady; A and choice ‘wooled lambs $8.50 to $9.00; packers cons MM ge interes pap! $9.10; ‘ome fe er. Slaughter sheep and Jambs: 0 pounds down, good and choice 38.65 to $9.25; meen | $8.00 to $8.65; 91 to 100 pounds pon; um to choice $7.50 to $9.00; all by hts, common $6.50 to $8. N 150 pounds medium to $3.50 to 'ss100: all weights, cull and common $2.00 to $4.00; feeding lambs 60 to 75 pounds good and choice. SOUTH ST. PAUL | Mid-Cont. int. Combus, Eng. Int. Harvester Jewel Tea | Johns-Mans' Kayser (J) Kelvinator Kennecott C Kolster Radio Kresge (S. 8.) Kreuger & Toll. roger Grocery Liquid Carbonic Mack Trucks. Mathieson Alk. May Dept. Stor: Mex. Seab. (eh Miami Cop) 4 ef Mo. Kan, & Tex. Mo. Pacific Mont. Ward Nash Motors . Nat. Biscuit Nat. Cash Reg. . Nat. Dairy Prod. Nat. Pow. & Lt New York Cen! NY. NH. & Htfd. North American Parmelee Trans. Pathe Exchange arg a! Cc). Priliipe’ ‘Petrol, Proct. & Gamble’. ae Sve. Corp. NJ. man Purity Baking’: Radio Corp. Am, Orp. ; |Radio-Keith 6. Dep. of Asi Siasses in ‘moderate. suppl slow, early trade about able showing fairly long- dium and heavy weight steers on offer; these salable around $8.50-9.00; ordi- nary short-feds on down to $6.50; beet cows showing little change $4.25-5.50; butcher heifers $5.5 Yearlings heifers $7.00-8.51 $300-4.00; medium grade bulls $4.50 down: feeders and stockers unchang- ae), sulle sendy wie strong e 7,00; choice Keinds $830; w to $9.00-9.5 29,000; market fairly active: r ‘Wednes-|§\ ade 6.00, ‘Sheep—t1,000; late Wednesday fair! ble fed ‘western lambs $8.3: jackers talking weak to lower on f: lambs today; asking fully steady to early sales on throw-outs | eady, at $6.00-7.00; fat ewes strong | fo 26 higher; choice Kinds to $5.00; | run includes two cars fed clipped | lambs, these held around $8.25, | lowa, Marc Seattle 2000; “cates ‘active, beef steers and yearling ly to strong; she stock | Znd. bulls unchanged: veulers strong | to 50c higher, stockers and feeders | Steady; few good mixed leht year- | lings 48.50, Good medium | weigh Deeves $8.26: bu fed _heifei lot 1,500; slow, mostly 10-36c lower to ship- ts 26¢ off; medium weights gt down; heavy butche 501 oe lanabs opening to week i. shi 3 three GOVERNMENT Gare, Match Herr Liberty Reading Co. Bening Ral Reo Mi oe Rep. a 77 Stl. Reynolds Tob. a8 Richfld. Oil Cal. . |Royal Dutch Shell aay 4 St. L. Stores San Frai | Stan 'Stand. Oil Calif. .. Stand. Oil N. J. | Stand. Oi! N. Y. Stewart-Warner ; Studebaker | Superior Steel eo Cor] {Tim oi Beari Underwood Elliot! Union Carbide . Union Pacific United Aircraft Unit. Cigar Sts. Westgh. Air Br. | Westen, El, tt ‘Ovrind. 21% ‘9% . 155 37 126% 9 4 |corn. Oats were relatively firm. |owing to likelihood of an abnormal Tul: premium for old wheat at the end of |ZwY | 5-8 higher, May old 82 1-4, July 60 to 7 s |the face of firmer offerings from Ar- 1 |gentina and the United States, British % porter a that Russia, would not offer ireely until next Au BULGE IN WHEAT pit aaa DEVELOP MINNEAPOLIS STOCKS Minneapolis, Mai jolis Stock clon {lowed at a more sedate pi Tt fo, oe were light. Oats demand was ocks || NGHTENING-UP OF JULY WHEAT PRICE BRINGS GRAIN RISE) = 1931 Wheat Because of Old Wheat Premium Chicago, March 26.—(#)—Sudden tightening-up of prices for July deliv- ery of wheat rallied all grains late Thursday from early downturns. Closing of spreads between July and September wheat, as well as between wheat and corn and between Chicago and other cities, accompanied the rise. Predictions of a big demand for the first rush of the 1931 domes- tic winter wheat harvest were current, the season in June. Wheat closed irregular 3-8 lower to 60 1-8. Corn 1-8 to 1-2 down, May old 62 7-8 to 63, July 64 3-4 to 7-8.; Oats unchanged to 1-4 up, and provi- sions at 5 to 12 decline. Bears in wheat put emphasis on Liverpool dispatches saying that in millers were purchasing in only a sparing manner. Improved crop pros- pects in Franc: owing to continuous seneute weather counted also as cok totaled but 752000 mn receded ear! Chicago receipts of corn were larger, 108 a year back. acted as a drag, parative dearth of visions went lower, re to the course of hog values. linneapolis, March ie bulge in Wheat futures resulted Thursday after a quiet early session. ney tightened suddenly and this started stop-loss_ buying on July wheat, Jul bulged nearly 3c @ bushel while May and et fol- ‘When May wheat broke through the ‘Ti cent level the pit crowd chee! May closed 4c higher, PA Tie higher hig! Cash wheat “offerings were. light | and general demand was fair. Farm board buying was not important. Winter wheat tone was narrow steady. Durum was steady and choice stuff was in fair demand. Cash corn demand was fair and of- good. Rye demand was fair Predict Big Demand for First ae 167 cars, against 99 a week ago and |; pal foe Barley votferings ‘wer were light demand. offerings were light and in good demand. Flax off were smaller than estimated and demand was fair to good. \ MINNEAPOLIS RANGE Minneapolis, March 26.—(?). Whi Open High Low -T653 pol 76% Ge $1% % 60% Close 31% 29% 29% 34% 36% LIS CASH GRAIN —a)— MINNEAPO! 4 ‘wheat March 26.—( 5% protein i dk. north .75 14% hh Bt hh .B% Nh whit 26,—()}—Min- 4 white. 38% 38% no 151% 158% 18 158% id 151% OO. | Grain Quotations 51% |38 ae 35% | 21%e. 72%; No. 1 dark hard winter 74%; No, Bred epi 58-63. Cor: No. ¥ yellow 53-54; No. 8 8. white 28% -28% A at Sieve sn ecial aru: No. "Flax! Net ig nine RANGE Low a 13 (3 57% 51% 57% 35% 35% 35% 1.56% 157 1.56% 1.57 ‘ 1.56: BISMARCK GRA! (Furnished by y, Sussell-atiler Co.) 1 dark northern + 1 northern . 1 amber dur 1 mixed durum 1 red durum . 1 flax . Hard winter wheat a which provided for not only segre- 5 ing it, and that without loss to the CHICAGO CASH ‘No. f ring 79%-80; No, 1 mixed 18%-79. Corn No. 2 mixed 61; No. 1 yellow 625%; No. 2 yellow (old) 65-65%; No. 2 white 62% Oats No. 2 Duluth, 5) — Close: Flax on’ track $1.54-1.57; to arrive $1.54; May $1.57; July Wheat No. a, Ue northern Ame No. lo 7 4c; No. Sarum 72-7 durum 70-71¢; 1 mixed durum "ebtic; No. 2 do 66-Tic; 1 red durum 63¢, ‘Sats No. 3 white 28-280. rye ce Barley choice to fancy 40-48c; med- Jum $e good 33%-35%c; lower grades 30% -83 NEAPOLIS F Minneapolis, March 2 unchanged. Shipments Bran and middlings unchanged, OUR AGE aee ae f Produce Markets | CHICAG ' Chicago, March 26 ety —Eees were firmer Thursday despite heavy ceipts and prices advanced %-1c. ‘eu ter was also firmer and %c higher. Poultry ruled steady. Butter 7,876, firm; creamery extras (92 score) 28 ihc; standards (90 score) carlots | 28%: xtra firsts (90-92 score) 2748 ise; firsts (88-89 score) 26%-27¢;; seconds (86-87 score) 25- gs 18,333 firm; extra firsts ic; fresh graded firsts 19-19%c; ordinary firsts 18%c; storage packed 21c; storage packed extras Poultry, alive, 1 car, 12 trucks, steady, prices unchanged. Checse—Per, pound; .igzins 14%; daisies 15%c; long Ye} young Americas 15%%c; Brisk Tie; timabureer 16%; Swiss 3: firsts ‘5c, NEW YORK New York, March 26. Eggs, 34,885, firm; Sees eer acked, extra 3 extra firs 5 first 20-20% econds 18%4-19%; medium firsts 18-18%; dirties 18%- 18%; checks 17%. Storage packed, closely selected heavy 22-22%; extra first ee 21545 first 31-21% ‘medium rties 19%. Nearby Hen- bata regular packed, extra xtra first 20%-21%. y and nearby western hennery ‘whites, closely ‘selected extra 25: do, average extra 23-24; nearby whites Mutter 1,870, | firm jutter 0. . higher than extras 29-29%; extra (92 284g; firsts (88 to 91 score) 8. ese 100,746, unsettled. State, mun, ts Sats fresh fancy to fancy ec Si eee ates steady, prices un- changed. Dressed firm. Turkeys, frozen, 34-43c. Creamery, al 1 80c1: $0, few $2.0 2, mostly $1.60; res $2.15. MINNEAPOLIS patinneapolia March 26.- v. 8. )—Potatoes: Very light wire demand and trading very slow, Ket unsettled, Carlonds FOR shipping Doints (based on delivered sales less all transportation charges), sacked cwt. round whites U. 8. 1 rae partly graded, very few saies 1.35, FOREIGN EX CHANG! New Yorke March fede Foreign guchanges steady: demands: Great Britain 4.85%; France 3.91% 23%; Germany aehd2i, Norway, sets: Sweden 26.11% 1 99.95 5-16, March 26-—(P)—Curb: Often Service 18%. Electric Bond and Share, 56%. Standard Oil Indiana, 81 CHICAGO STOCKS jarch 26.—(#)}—Chicago Corps Securities 19%. Insuit Uentities ie MH. een Ulli new) 33%. [cGraw EI North Amerie: ust Shares 6%. Would Deny WDAY Increase. in Power Washington, “March 26.—(AP)— Examiner Pratt of the radio ee q Expéct Throng at NORBECK PROMISES HE WILL INTRODUCE BQUALIZATION FEE ‘South Dakota Republican Would Limit Farm Relief Pro- posal to Wheat Washington, 26.—(P}—In- troduction next ieaien of the Goh zation fee farm relief proposal, lim- ited to wheat, was promised ‘Wednes- . | day by Senator Norbeck, At the same time the South Dako- ta Republican advanced the claim that no wheat surplus exists and de- scribed proposals to diversify Porated in the old McNary-Haugen bill whieh was vetoed by President Coolidge. “For centuries” Norbeck said, “ship- | 8. loads of wheat have crossed the At- lantic from the Virgin soils of the western hemisphere to the densely Populated countries, and no one has been unkind enough to call it a sur- Plus until this fake farm relief law ‘was passed.” “England needs wheat,” he added, and “we have it to spare. The old ftom starving and it keeps the Eng: rom ie anc eeps = lishman from starving. ved “All the American farmer is seek- Ing is that the tariff be made effec- tive on his products. This may be done by segregating the surplus and disposing of it without del “No farm relief plan is sound that does not provide for orderly market 7 | ing,” he contended, adding the pres- ent accumulation of wheat “could not | i. have happened under the provisions of the vetoed McNary-Haugen bill, gating the surplus, but also for sell- treasury.” State Tournament Friday, Saturday (Continued from page one) North Dakota and won their way to! the state tournament by reason of victories in district and regional com- Petition. The schedule of games for Friday follows: 3 p. m—Fargo vs Valley City. 4 p. m—Devils Lake vs. Bow- man. 4 Pp. m—Mayville vs. Minot 8 p: m—Bismarck vs. Crosby. ‘In Saturday morning contests the winner of the Fargo-Valley City game will meet the winner of the Devils e-Bowman contest for the right to enter the championship contest Seturday night. meet Saturday morning in the semi- finals of the other bracket, A consolation tournament will get under way Saturday afternoon o'clock and the winners in these con- tests will participate in the curtain- raiser to the championship game Saturday night. The Saturday morning round will start at 10 a. m., the Saturday night preliminary is scheduled for 8 p. m., with the championship game at 9 p.m. Tickets for the touramaent will be on sale at Harris and and the Bismarck and aan high schools, The tournament committee rie not plan to permit reservation Season tickets will cost $2. pean ings at the Memorial build-| Single admis- sion tickets for the preliminary rounds of the tournament will be priced at 50 cents and will permit the Purchaser to sit on any of the bleach- er seats, Single admission tickets for the final game will be 75 cents. To Broadcast Games Jamest Morrison, Valley City. Time: Keepers are Charles Kimball, and L. G. i Fe 7 a ‘THE BISMARCK TRIBUNE, THURSDAY,,MARCH 26 = ‘Temperature at 7 a. m. Highest Wednesday Lowest during night Precipitation to 7 a. m. High wind from NE, per m! GENERAL REPORT Station— Bismarck, N. D. Amarillo,’ Texas, Bolse, 1daho, clear: Calgary, Alta, clo , cloudy Senver Colé, sowie Des Moines, Ia. cloudy Devils Lake, N. D. snw —8 Dodge City, K: in 36 Havre, Mont., clear ... —4 Helena, Mont., cloudy’ 2 Huron, '8. D., sno Kamloops, B,C. ptclay Kansas City, Mo. cldy Lander, Wyo. snowin, Medicine Hat, Alta, clr —8 Miles City, Mont, clear —0 Modena, Utah, clear... Moorhead, Minn. No, Platte, Nebr, snow Oklahoma City, rain Pierre, S. D, snowing Br, Albert, Sask, clear 23 Apelle, Sask, clear —18 Rapid city, 8. Roseburg, St. Louis, St. Paul, Mi Salt Lake City, iS. Marie, Bich, olf Seattle, Wash., cldy.. Sheridan, Sioux City, Is Spokane, Was! Swift Current, aaa ae The Pas, Man., clea Toledo, Ohio, sioudy Williston, Winnemucca, Ne. selty" Winnipeg, Man., cldy.. — OTHER Station—, Grand Forks, snowing Jamestown, snowing Devils Lake, snowinj Fargo, snowing Williston, clear Valley City, snowing « Minot, stormy ‘WEATHER FORECASTS For Bismarck and vicinity: Fair Thursday night and Friday; rising Dakota: Fair Thursday night and Fridays rising temperature lay. For South Dakota: Cloudy, east and extreme south portio! wave with zero temperature east por: tion ‘Thursday. Friday generally fair, rising temperature west portion, For Montana: Generally fair and continued cold Thursday night. Fri- day fair with rising temperature. Towa: Snow probable Thursday night and Friday, much colder in west and central portions Thursday night, with cold wave; temperatures near 16 above; colder Friday, with cold wave in extreme east portion. Minnesota: Snow Thursday night and possibly Friday morning; much colder Thursday night, with cold wave in east and south portions, tempera- tures zero to 10 above; colder in southeast and extreme east portions Friday. ‘WEATHER CONDITIONS A high pressure area is centered over Saskatchewan and Manitoba this morning and a severe cold wave ex- tends from the Dakotas northward and northwestward over the Canadian Provinces. A well,developed low pres- sure area covers the southwest and precipitation occurred from the Rocky Mountain region eastward to the Mis- sissippi Valley. The weather is clear- ing from Montana and Saskatchewan ‘westward to the Pacific coast. River stage at 7 a. m. 1.3 ft. 24 hour change -0.7 ft, Heavy run ice, Bis- marck station barometer, inches: 28.66 reduced to sea level 30.! ORRIS W. ROBERTS, Official in Charge. erally regarded as Fargo against the field because of the record compiled by the Midgets during the pre-tour- nament season. Observers declare, however, that the Fargo aggregation is little better now than it was earlier in the year while a number of squads. have shown marked improvement. The result may be another upset of the dope bucket, a thing which has been common in recent tournaments. In 1929, for instance, an undefeated Bismarck team was favored to win. It breezed through to the finals and was beaten by Valley City. In 1930, if e a7 fs Bp EF 2 | | B i i 1 i ti E : i i z i | ie 5 § i i : i buildings. F. Lane, Moffit, N. Dak., owner. Building and Contracting NOW is the time to do your repair work. Phone 1515 and have W. J. COMEAU isda eye) on your repair or es So aad aE hanging, Phone 129- Houses and Flats for appointment if interested in a Teal snap. FOR RENT—Choice three room flat, unfurnished: except gas range and gas heat. Built in kitchen cabinet. Call at north side 723, Mandan street. FOR RENT—Six room partly mod- ‘Kook range, Duilt-in oven, White enameled. Good condition. Almost new, $36.00. B. Flanagan. Phone 33 ping. Furnished. Reasonable rates. Laundry ° done. Seats M. J. Peck,, Underwood, uilding. 1451 or call at 400 etsieae street. Re newly decorated room on ‘first floor, large closet and three windows, one block north and one block west from post- office. Phone 1437- W. home, also front sleeping room, water at all times, Call at 623 street. FOR RENT—Very latge furnished room Sconce On second floor o! juilding. Call Room 200 or phone 1063, = FOR RENT—One room, new. Can bo used for light housekeeping. Private entrance. Close in, Dr. R. 8. Enge. Phone 260. sist and pantry. Also the use of laundry room. Heat, light and gas for cooking furnished. Price $30.00. Call at 812 Ave. B at noon hour or after 5 p.m. or phone 1649-W, FOR RENT—A seven room modern house, with garage at 819 Fifth Street. G. F. Dullam. FOR RENT—Furnished 6 room house. Centrally located. Lene Tribune Ad No. 37. FOR. SALE OR RENTOFowr room pom Inquire at Richholt's Gro- Used Cars With an O. K. That Counts 1929 Model A Ford coupe, in rt ae down payment eats accessories, also trunk, very attractive, down pay- ment $118.00, 1930 Chevrolet coach, runs and looks like new. Down payment $182.00. 1928 Chevrolet 4 door ‘sedan, finish and condition like new. Down pay- ment $142.00. Other aijrnetive, bengrins dn. 4 <nd.¢ cylinder used cars and trucks. We Trade and Give Easy Terms. FOR RENT—Apartment, bed room, Jarge living a and kitchenette, as for cool Bath Nicely furnished and ees ated. Also nice sleeping room. Phone ‘729 or call at 710 Broadway. FOR RENT—Two room apartment. Has large front living room, gas for cooking. Also one huis sons sleep- ing room on ground floor. Close down town. Phone 11a1-W or call at 218 First street. FOR RENT—Four room unfurnished modern apartment with ice box and gas stove. Built-in features and at aia Seventh street. uire vent in basement, a FOR RENT—Nicely furnished 2 room. apartment, newly decorated, Cg in, use of electric washing mi as stove, alo sleeping room, pet ay Mandan street or ee FOR RENT—Furnished city peeve apartment, a modern six house, furnished sleeping room sand garage. All close in. Call at 212% Main forenoons or phone 905. its, FOR RENT—Furnished apartmen first floor, $30 and $35 per month, also small basement apartment, $13.50 per month. Call at 314 Third street. Evarts Apartments. FOR RENT—Two delightful all mod- ern apartments with private en- Lt ey Phone 1313 or call at 211 FOR RENT—Desivable 2 room apart- ment, well furnished and newly dec- orated. Adjacent to bath. Phone 1063 or call at Room 200, College Building. FOR tate cata and wiie sos tionally well furnished iment er information see Fred Roberson, ‘west and 2 miles north of |FOR | RENT—Furnished WANTED TO BUY—Rye and Bans Pacey, will pay 5 cents above market in. apartment on ground floor. Rent reasonable, Call at 120 W. Rosser after 6:30. apartment, heat and lights tare nt, gas heat ant = nished. Call = FOR RENT—Three room furnished apartment on second floor, rent $30 per month. Inquire at 1014 Broad- way or phone 499-M. FOR RENT-Desiablp_unfiralshed the Rue modern apartment in Aparient, se ae AT A phone 1256-1 ment. ‘Bedroom, living room with gas fireplace and kitchenette. Close in. Phone 967. the ees eke se. we Apply H. J. apartment. $30.00 ath, en’ __at 618 Sixth, ili: “Cal FOR RENT—Furnished apartment at Pea Peseie eiagee Light, water and Ss RENT—Furnished Toon Apartment. P, W. Murphy, Phone Fon Re “RENTCOne '—One or 2 room furnish- ed apartment at Prince Hotel. ‘Modern apartment, 1. i 3. Thompson. Phone 287,