The Bismarck Tribune Newspaper, April 16, 1931, Page 10

| 10 ; STOCKS HAVE MORE RESISTANCE THOUGH MART CLOSES HEAVY Bobbing Up and Down of U. S./ Steel Causes Uncertainty in Trading New York, April 16.—(7)—Stocks | offered better resistance Thursday. although the market remained heavy, Am, Can Am. Coml. Alco. Am, & For. Pow. Am. International '. Am. Loco. Am. Metal Am. Pow. & Lt, Am, Roll. Mill . Am, Smelt. & Am, Sugar Rei Am. Tel, & T Am. Wat. Wks. .. | taking its cue from the action of U. j Anaconda Cop. | §. Steel which bobbed up and down; F uncertainly. Support in mid-after- } noon reduced moderate losses all | around, but the gains did not hold and the close was heavy. Steel com- mon went into new low ground since 1927 and ruled lower in the last of the day, finishing about a point off. } National Biscuit was conspicuously |) weak, losing 3. Bethlehem Steel, General Motors, Radio and American | ‘Telephone were steady to firm. Sales approximated 2,300,000 shares. | _ Prices in the main worked lower, but the decline was interrupted by jodic and rather feeble railies. The 5 culative fraternity is for the . time being bereft of a sense of di- 7G Steel slipped off about a point, . 8, Steel s 2 just a anae le below the 1928 bot- tom of 132%. In 1927, when the cap- italization was increased by the 40; r cent stock dividend, the issue Fouched 111%. L. C, Starrett, an in- conspicuous specialty issue, broke more than 7 points to below 20. Safe- ‘way stores lost 5, and issues selling off 2 points or so included Eastman, Paramount, American Tobacco B, Union Carbide, and Columbian Car- bon. Losses of a point or so were numerous. A rally around midday modified some of the losses. Issues nea a point or so above yester- 1. aie Ref. Avi mn Corp. Bald Loco. Balt. & Ohio Barnsdall “A” . Bendix Aviation Borers . rg.Warner . Brunswick Balke Bur. Ad. Mch. . Cal. & Ariz. . Qanadian Pac. Cannon Mills Case, J. I. Chesap. & Ohio Colum. Grapho Coml. Sol. Consol. Gas Cont. Bak. “A” Cont. iay’s close included Air Reduction, | CO! Case, Ox, and Allied Chemical. Sev- eral prominent issues, such as Gen- eral Motors, General Electric, Radio snd Bethlehem were well supported. Among other things, the market is wait see how far the ener of dividends is likely to go. le few earnings statements for the first uarter are available as yet, enough fairly conclusive estimate are available to indicate that many of the leading industrials and railroads are not| e i the current dividend rates. | he a ee oe a 7 e day’s corporate or le ; Credit conditions remained station- ary. t e SIOUX CITY ————————————— —— Livestock ||¢e EEE eta Crucible Steel Dupont .. Drugs Inc. Eaton Ax. & Spr. Sioux City, lowa, April 16.—l%—cv. | Gel Dep. of Agr.)—Cattle, 1,500; calve ef steers and yearlings 3, she stock uneven, choice 1,243-pound beev. $6. 25; odd lots fed $7.00; most beef co medium bulls, $3. vealer top, $7.50. ‘Hogs, higher to 190-pound ject, $7.40; 200 to rong to 10¢ bulk 150 to ou 260 to 290-pound heavier weights ly 0; fat lambs strong to top and bulk fed wooled lambs, $! FS held’ higher; other c ye SOUTH ST. PAUL . Paul, April 16. S. Dep. of Agr.)—Cattle, ket opening slightly killers and lower grade she 5s! il on matured steers and bet- she stock at the ek's full most steers and yearlings ium grad salable grades held | most cows bulls fully stead, beef bulls drag: ers about steady; c ers steady to strong, bul 36.00; choice mostly $8.00, Hogs, 6,000; market moderately tive, strong to mostly 10c higher than | Wednesday's average; r 140 tol 210-pound weights, '$7.40-7.50; top, $7.50; 210-250 pounds, $7.00-7.40 350 pounds mostly $6.60 weights $6.50; sows, $5. Chicago, April .--—(PI—(U. S. Dep. of Agr.)—Hogs, 19,000, including 6,000 direct; active; steady to 10c highe bulk 140-210 lbs., $7. top, 3 220-320 Ibs igs,” §7.25- | 50, Smooth | ts, good and | light Ibs. $6. 5 and choice 1 * Cattle, 5,000; calves, 3,00 steers and heavy fat cows co! dull at week's sharp decline; light weight steers und yearlings fully steady; instances higher on light heifer and mixed yearlings; best me- dium weight sicers average weight 1,281 Ibs.; most sales $ 8.00; bulls 15-25c lower and vealers about steady. Slaughter cattle and vealers: Stecrs, ‘ood 0 Ibs., $7. $7.50-9.5 iN 850 Ibs. $6. mon and medium,’ $5, 0; 0. and medium, 00; low cutter and cutter, $3.25-4.50; bulls (yearlings excluded),” good and choice (beef), $4.00-5.00; cutter to medium, $3.75- $4.40; vealers (milk fed), good and choice, $7.00-8.01 5 ; cull and common, $4.0 and feeder cattle: Steers, choice 500-1,050 lbs., $6.75 mon and medium, $5.25-6.75, 12,000; ‘opening trade fat 3 better grades light and eights strong to 15c higher; 00; com- around steady; few woolskins, | a 15; be held steady. 8! lambs: Lambs, and chotce, $9.00-! at $10.00; 90; medium, $ medium to ‘choice $6.75. | Ibs, Gets ia all weig! cul 50, ood andj} Gold Dust Goodyr. Tr. & Rub. ee Paige Mot. Hupp Mot. Car . Indian Refin. Int. Combus. Int. Harvester . Int. Match, Pt Int. Nick. Int. Tel. & Tel. Jewel Tea ... Johns-Mansvie Kayser (J) .. Kelvinator . | Kennecott Cop. Kolster Radio . Kresge (S. 8.) . Kreuger & Toll. Kroger Grocery | Mont. Ward ... Nash Motors . North American . Northern Pac. . Par.-Publix Parmelee Trans. Pathe Exchange . Penney (J. ©.) . Radio-Keith Orp. Remington Rand y |Reo Motor . Rep. Iron & Stl. Reynolds Tob. “B Richfld. Oi) Cal. Royal Dutch Shell Safeway Stores Seaboard Airline Sears-Roebuck Servel Ing. m_ 6! s, Sood and Shattuck CF. G. d0;' cows, |Shell Union Oil . .00; common |Simmons .. New York Stocks | DELUGE OF WHEAT | “ 10 JOLT HOLDERS x . ‘ ji Chicago, April 16- Offerings Follow Break in Ex-|hicsgo, April 16—( change Rates, Amsterdam Report Says Chicago, {Argentine x heat fferings had fentine wi ol Te- suited from a break in Argentine ex- was ascribed litical conditions in jand also in wheat Buenos in Chicago received support, and gi ‘Wheat closed from %c decline to 7c advance, att old 83%c, July 63%s-64c, corn %c off to %c up, May old 61%-%c, July late aggressive 2 |63%ic, oats 4-%e down to ‘sc gain, and provisions unchanged to a set- back of 15¢. Enlarged shipments of wheat from Argentina and the Black Sea put an additional handicap on bulls. The entine total for 4410, bushels, compa 3,454,000 a week previous and 1,170,000 at this lime last year. Continued dry weather rej from the American and Canadian northwest, however, served to make bears cautious, but for at least the time being gave little rallying power to prices, notwith- standing that no heavy rains have et spring wheat territory this month. Hessian fly reports from Nebraska led at times to some wheat buying. The brood was reported to ve spread west of Hastings and also to the north and south of sections in- fested last year. Frost apparently came too early this season, and failed to catch the pests out of their hiber- nation period. Corn and oats aver- aged lower much of the time, owing to wheat weakness, Provisions declined with cereals, despite upturns in hog values. WHEAT FUTURES DROPS MET WITH RESISTANCE Minneapolis, April 16.—()—Wheat jfutures were easy to weak during the session here Thursday but declines met with resistance and there was a tail end rally on short covering. Final prices were fractionally lower for July but better for September. May wheat closed 4s cent higher, June % cent higher, July % cent lower and September % cent higher. Corn future trade was light and % | Selling was caused by weakness in wheat. Oats, rye and barley were jquiet with trade light. There was general but limited trade in flax fu- tures. Tone of cash wheat was sluggish and easy. There was a fair demand for low test stuff. Winter wheat was quiet and nominally unchanged while durum tone was steady. There was |some improvement for the demand for lower grades. Offerings were light. Cash corn demand was slcw and jeasy. Oats were slow to dull. Rye demand was fair to good. Barley de- mand was strong for malting quali- % | ties. Flax demand was still good and offerings were heavier. > MINNEAPOLIS RANGE Als MINNEAPOLIS CASH GRADT Minneapolis, April 16.—(?)— ‘Wheat— Delivered | To Arrive 7 81% 17% 80% 0% 14% 12% .76% Montana Winter Wheat 4, {14 protein ,|1 DHW or tein 19% 1% 13% sofas 220% : & B% 18% 0 2 ekg fees 83 2: Feu id BB BSEE e aE it ae RR aah eKuwensie 44QnagH bebe Se : ° F ‘Bee B PSS a i eee 7 : & & bes 5 April 16.—()— Wheat ' haiders received a jolt ‘Thureday {rom | that a deluge of | change rates. The upset in exchange to uneasiness over po- | ! . Aires rices were down 2% cents a ‘July .. bushel, but September wheat delivery ag ‘72% | trucks; steady; ‘fowls, 7] at 58 tq 66c. +] exchanges irregular: in, 4.85%; -| New Cities Service, 17%; tle es RANGE Re art 4 3% 50% 50% 50 A 34K 8h 3 36 85% 158 1.58 tithed | CHICAGO RANGE (P}— Low May .. old new July ...... Sept. . Corn— May .. old new July Sept. . pt. ial eg May. a Dec. MARCK GRAIN cobra od Co.) No. 1 amber durum. No. 1 mixed durum 48 30 rd win Hard winter wheat .......5 MINNEAPOLIS FLOUR Minneapolis, April 16.—()—Flour unchanged. Shipments, 23,417, Bran, $20.60-21.00. Standard middlings, $20.00-20.50. CHICAGO CASH Chicago, April 16.—(#)—Wheat, No. 1 red, 83%c; No. 2 hard, 83%c; No. 1 northern spring, 83%c; No. 1 mixed, c. jo, 2 mixed, 60%-61%c; No. | police, whose tradition is to obey the | tion. Corn, Ne 2 yellow, 61-62%c; No, 2 white, 60%- G3c; sample grade, 42-59, Oats, No, 1 white, 32c, Timothy seed, $8.25-8.75. Clover seed, $1 RANGE OF CARLOT SALES Minneapolis, April 16.—(#)—Kange of carlot grain sales:~ Wheat, No. 1 hard spring, 80%-82%c; No, 1 dark northern, 79%-82%c; No. 1 northern, Tsu-b1 ice; No, 2 Inixed, Tie, No. dark hard ‘winter, 75%c; No. 2 durum, 68c; No. 2 amber durum, 7445-75 %c; No. 1 red durum, 63%c. Corn, No, 3 yellow, 55¢; No. 4 white, 28%-28%0, 91%. DULUTH CASH Duluth, Minn., April 16.—(?}—Close: Flax on ‘track, $1.56%-1.59%; rive, $1.56 1.59. Wheat, No. » 19%~ 82%c; No. 2 do, 78%-80%c; No. 3 do, 74%-78%c; No. 1 northern, 82%-83%c; No, 2, 77%-80%c; No. 1 amber durum, 74-150; No. 2 do, 73-75c; No. 1 durum, 74c; No. 2 do, 73-74c; No. 1 mixed du- Tum, 70-73c;'No. 2 do, 69-72c; No, 1 red durum, 64c. Oats, No. 3 white, 28%c, No. i rye, 33%-35 %e. Barley, choice to fancy, 40-48c; me- dium to good, 35%-38%c; lower grades, 34%, f Produce Markets | c. Oats, No. 3 whit Barley, No. 3, HICAGO | o . : Grain Quotations |} cysouge, asOPAh utter was weak in ‘tone Thursday and prices cent as receipts grew d demand slackened. Eggs Poultry alive, 1 car, 1 due, 30 $0-25c;_hens, 5 lbs, and under, 2415-25c ns, 22c; tags, 17c; broilers, 1%-2 Ibs., 36- Butter, 7,50! weak; creamery ex- tras (92 score), standards (90 Se; fir 4c; seconds (86-87 score), Eggs, 31,335; easy; extra firsts, 19¢; fresh graded firsts, 18c; current re- ipts, 17c; storage packed | firsts, ; Storage packed extras, 20%c, NEW YORK New York, April 16.—(7)—Butter, 13,41 easy, Cronmory, extza (9 P 19%-19%c; first, 8%c; medium firsts, 16%-17c. Poultry, live, eady; fowls, by freight, 25-26c; by express, 25-27c. Dressed, ducks, fresh, 22-23c; frozen not quoted, BOSTON WOOL Boston, April 16.—(@—Market is rather quiet on wools, scattered transactions are being closed on all grades, including 64's and finer to 48- 50's, but the volume’ of sales is in- clined to be small. Average lines of original bag 64's and finer territory wools are selling at 58 to 60c scoured basis. Odd lots move occasionally at 80% | Prices slightly in the buyers’ favor, ut the bulk of the offerings are firm Some offerings are be- ing held above this range. FOREIGN EXCHANGE New York, April 16.—(@#)—Foreign demands: Great 3.91; Italy, jermany, 23.80; Norway, 26.73; 26.76; Montreal, 99.93%. France, MONEY RATES New York, April 16.—(%)—Call money firm; high, 2; low, 1%; ruling rate, 1 Time loans steady; 60 days, 1%-1%; 90 days, 1%-2; 4 Fionthes 3-230; Fea} months, 24%-2% per cent. Prime commercial paper, 2%-2%. CURB sT York, i] ‘uw Ele: Share, 45%; Standard Oil Ind., 30%, New York, April. 16. bonds close: Liberty do first 4%'s, $1 MINNEAPOLIS STOCK! Minneapolis, April 16.—( srous. stocks close: First 20%; Bancorporation, 31%. ‘Minne- jank St CHICAGO, STOCKS I cago, April 11 stocks: Corporati n. **** UIngull Util. Inve: * (new), 20%. 02.253 wig’, although some said it would be woes] $08-405 treasury 4%'s, $111.26; do t's, 2 THE BISMARCK TRIBUNE, THURSDAY, APRIL 16, 1981 to of King Alfonso, five of their chil- With Alfonso’s arriv: utes before midnight Spanish royal family will be ga’ in Paris with the exception of third son, the Infante Don Juan, went to Gibraltar from Cadiz Wed- nesday and may remain there a OF 50. : Revelation Was Blow ‘The revelation of unpopularity of her husband and herself after the Spanish election Sunday came as a correspondent of Journal at Hendaye as she boarded a train for Paris. “It was absolutely ” she said. Ted rush, a wave of communists which swept all before us. Those day |F bolt from the blue, Victoria told the ) unexpected,’ “There was something like a | S3nis! Temperature at 7 a, m.. Highest Wedn ig ay. Lowest during night. Precipitation to 7 a. m.. GENERAL REPORT by rs. N. D. Stations— 81 k, clear Amenia, clear Beach, clear . Bottineau, clea: - | Carrington, clear Crosby, clear Devils Lake, clear Dickinson, clear .... Drake, pelay 0 | Dunn Hankinson, clear Hettinger, clear. Jamestown, clea Larimore, clear Lisbon, clear . pel cldy janis eldy . Williston, cleat Wishek, ‘clear Other Stations— People were completely out of control. If we had remained in Madrid I don’t know what would have happened to us—our lives, even. king would not.call upon the army nor upon the 10,000 civil guards who were faithful from the first to the last day.” Spain settled down Thursday and ‘went back to work after a prolonged and little less than delirious holiday of celebrating the new republic. ‘The new cabinet was tackling the eral probiems demanding attention of the government. Communist disturbances which had flared at Seville, Barcelona, and Bilbao seemed to have subsided. Order continued in Madrid. The ance, arm bands of the republic and Re- Publican or red flags floated every- where. It seemed strange to see no civil guards on the streets. They still were on duty, but they were being made as inconspicuous as possible. They are crack nation-wide military government and preserve order, what- ever the government may be. Fight For Republic Moorhead, Minn., c! Boise, Idaho, clear. Calgary, Alta, cld; Chicago, Il, tain. Denver, Colo. peidy: Des Moines, Ia., clay. Dodge City, » ody Edmonton, ‘Aita,,.’ cir. Havre, Mont., clear.. Helena, Mont., peldy. Huron, 8. D., ‘clear... Kansas City, rain.: Miles City, Mo iF No. Platte, N Ir. Okiahoma’ City,’ clay: Plerre, 8. D. at formidable mass of details and gen-| Pr. Albert, 8. Rapid City, St. Louis, St. Paul, Minn., peldy Salt Lake City, clear Seattle, Wash. clear. Sheridan, Wyo. clear Sioux City, Ia., cldy.. Spokane, Wash. pedy lear. ‘Winnipeg, Man., cldy. WEATHER FORECASTS For Bismarck and vicinity: Fair Thursday night and Friday; not much change in temperature. For North Dak: Fair Thursday night and Friday; not much chi in temperature, For South Dakot night and Friday; slightly cooler Thursday night north-central por- For Montan: Generally fair eat ht ‘Theoretically they will now fight|®nd F: for the republic as they fought for the monarchy. Many army officers and soldiers g| Seen on the streets Thursday had re- moved the royal crown from their caps and jackets. Similarly, mail carriers and other uniformed govern- ment employees had removed the in- Te-made, for all carry pictures of King Alfonso or other former mon- archs, All official documents and publi- cations face a similar situation. Much of the picturesqueness of ceremonial for which Spain has been famous will Presumably be lost in the new order. ‘The royal palace here has been formally attached by the new gov- ernment and declared national prop- erty “ah the republic. It is closed and guarded. The people of Spain are continuing to assume that King Alfonso formal- ly abdicated. Nothing to the contrary has been indicated in any newspaper. Reports from abroad, that the king still claims his royal rights, have not been printed and are generally un- known here. Martial law was proclaimed in Se- ville after communist rioting there. A communist mob provoked the fire of a garrison sentinel, and two per- sons were killed and 19 wounded in the ensuing clash. Four police were wounded. General Cavailenas, newly appointed captain general of Andalu- cia, was ordered to Seville immedi- ately to take charge of the situation. Seville was the second Spanish city to go under marital law since proc- lamation of a republic and flight of the royal family. Barcelona, the first, also was in the hands of the military Thureday after syndicalist rioting with some casualties. There were other scattered disor- celebration rather than violence. Won’t Allow Separation The council of ministers was un- derstood Thursday to have decided the integrity of Spain must be main- tained until a constituent cortes or constitutional convention can work out its future status and that separatist movements such as that at Barcelona, where a Catalan republic has been proclaimed, must be sup- pressed. President Alcala has asked Colonel Francisco Macia, president of the Catalan republic, to come to Madrid for @ conference; the Madrid Junta’s where @ republic has been proclaimed. The government's program is to call parliamentary elections at some date not yet decided, allow the parliament a8 & constitutional convention to write the permanent constitution and night in extreme east portion; much change in temperature. Minnesota: Fair Thursday ni and Friday; not much change in tem- perature. WEATHER CONDITIONS The barometric pressure is high throughout the United States, but a low pressure area has appeared over northern Alberta, Light preci tion occurred in a narrow strip Oklahoma and Téxas. Elsewhere the weather is generally fair. Moderate temperatures prevail in all lon Missouri river stage at 7 . feet; 24-hour change, none. Bismarck station barometer, inches: 28.41, re- duced to sea level 30.20, ORRIS 'W. ROBERTS, Official in Chari Salesmen ESTABLISHED LINE that thrives in business depression—Manufactur- ing company has out-of-the-ordin- ary proposition for to $12,000 annually selling all-elec- tric pop corn machine and peanut roaster in nine models, Candy Crisp machine, Store Front installations to the factory at our expense. Burch Manufacturing Co., 1906 Wyandotte, Kansas City, Mo. TO TAKE orders and deliver home necessities on old established route FOR RENT—Nicely furnished with board in modern home. five blocks from postoffice. very reasonable, ond street or phone 1389. house, reasonable rent, vacant aft ES Weather Report ij ent meee FH | ‘Experienced ready to wear lady. One who understands German preferred. State age, ex- Teligious belief in ap- ie ite, ites pa Hl i li EF E i : i j 2 y i ' i i it i il B il ¥ a ude Hanson. , age banking experience, bookkeeping and clerking. Write or call at 81¢ Mandan Ave. Phone 1817-w. MANY Buick—'25-2 perience and Plication. Write Tribune Ad. No. | Buick- Fair Thursday |” WANTED—A competent maid for housework, Mrs. J. P. Sell, FOR SALE—Reasonable, one gas Tange and new Perfection ofl stove with oven, almost new. Call at 110 ‘S¢.| FINE LARGE new house on Avenue A. Sales price $10,500.00. Terms. NEW SIX room modern house, three bedrooms, outside garage, lawn, trees, best of condition, north cen- tral part of city. Sales price $7500. Reni ern 3:room partly furnished apart- ment, ground floor. Private front entrance, Inquire at 111 Ave. A then either by direct vote of the peo-| er April 19th. Inquire at 300 9th pa cc fly ple or by the action of parliament to ven. out as soon as the carry out the religious concordat with the holy see at Rome as usual,” add- ing, however, that freedom of religi- loyal |ous worship would be recognized. ——$—$—$—— street or phone 377-M. 115-J. Bull, Dickinson, N. D. Box 736. YOR SALE—One American floor sur- coach ... Pontiac—'29 Landau sedan: Cidsmobile—'26 sedan . 56. Cr FOR RENT —Nicely room newly decorated a)