The Bismarck Tribune Newspaper, February 24, 1932, Page 10

THE BISMARCK TRIBUNE. WEDNESDAY, FEBRUARY 24, 1932 HAT HAS BECOME OF MILLIE ? WE GUMP_ HOME HEARD THE NEWS — BEAUTIFUL MILLIE- THERE IS NOT A DRY EYE $0 YOUNG - SO FAIR= WAS SHE DROWNED WHEN “HE ILL, FATED STEAMER SUNK ‘TO THE BOTTOM= ASKING QUESTIONS — IS HE STILL ALIVE ? WHAT WILL BECOME OF HIS. FORTUNE IF HE IS NOT ? DID HE LEAVE A WILL ? 1F SO- WILL IT ALL GO To LITTLE CHESTER ? san neaseu FS Krone D7992 BY NEA SERVICE. INC. REG. U.S. PAT. OFF. “Oh, don’t make me. tell a fib, Mr. Burks you around Can't I just tell him I don't see anywhere?” State Mill Business Hurt by Conditions (Continued from page One) per cent. The Bismarck territory. i with a fall of 50 per cent below 1930, headed the list. Minot dropped 43.2 per cent, Grand Forks 20 per cent) and northeast Minnesota 12.4 per cent. Five other points showed drops between these extremes. “A serious factor in the flour sales the past year,” Spencer reported, “was the competition from mills located in Kansas and Nebraska. The wheat market in the southwest being so much lower than in the spring wheat area that south mills were able for the first time to sell flour in a con- siderable amount in northern terri- tories at prices far below those we were able to make.” 200,000 Barrels in N. D. Spencer used detailed market re- ports to show, the effect of this com- petition and “estimated that 200,000 barrels of flour from the southwest mills were sold during the year iny North Dakota and northern Minne- Bota. Added to these handicaps, Spencer | called attention to the fact that the year was a bad one for the entire milling industry, which operated on a constantly falling market. This materially affected the income of the mill and caused dealers to lose money on almost every flour purchase, forc- ing many of them to discontinue handling flour. The defalcation of C. B. Munday with about $20,000 of mill funds, while he was acting as sales agent in Chicago, was another unfavorable factor in the operation of the mill. The report said that the principal manipulation of accounts was in the Chicago House of Correction’ account, and was made‘possible by the reports that the city of Chicago was having} difficulty paying its debts. | In closing, Spencer said “We do not believe ‘that similar conditions will be found tn the 1932 wheat crop, and with prices again normal, we! will be abie to regain the business we | have lost during the last year. The | flour which replaced ours has not} been satisfactory to users and has| ‘een bought simply on a price basis.” | Premiums Were Slashed Nelson in his summary called at. tention to the fact that the competi- | tion of southern flour caused a re- duction. in the premiums paid by the mill for high protein wheat from 10 cents in July to practically nothing in the late fall. Commenting on the | teport, Nelson said, “If the state mill | could have purchased its wheat from North Dakota farmers at the same price which the mills in the winter wheat area paid for their supplies it would have shown a much better op- erating statement.” He also called attention to many | YOU SAVE IN BUYING You save in using KC. Use LESS than of high priced brands. SAME PRICe 40 YEAR® 49°S DOUBLE ACTING | 10, 1930, and 213,000 bushels cancellations of bookings by dealers who were unable to take out their orders. Due to such cancellations, he said, the mill suffered a loss of ap- proximately $35,000, claims for some of which are now in process of ad- justment. Bankruptcy and credit losses also were taken. Spencer noted that the short wheat crop in North Dakota affected the elevator business as there was no de- mand for storage. Purchases of wheat in the state also were affected by the shortage of har- vest grain, with 697 cars or 1,043,987 bushels purchased from western North Dakota in 1930 and 121 cars or 176,644 bushels in 1931. Of the 1931 purchases, but 10 cars were made between Aug. 1 and Dec. 1 when the new crop of wheat should have been most plentiful. Quotes Storage Figures The storage figures quoted are 1,010,262 bushels on Nov. 10, 1930, and 454,995 bushels of mill storage. Oct. 10, 1931, the storage 564,285 bushels and 320,600 for the mill department. There was also 11,283 bushels of bar- ley at that time. Farm board agen- cies had 84,078 bushels stored Oct./ year later. Private storage on t.. 10, 1930, was 471,189, which had dropped to 41,965 a year later. On Dec. 31, 1930, the report of Nel- son said, the elevator had under stor- age for customers outside the mill 484,375 bushels of wheat and 39,950 bushels of durum, a total of 524,235, |the greater part of which is leased for the season, giving the elevator an income until June 30, 1931. The year 1932 will have practically no such in- come and the prospect for elevator earnings will not be until another crop. The farm board storage was said to have been shipped in 1930 and has been in the elevators more than a year. Of wheat purchases, Nelson said 1,417,029.45 bushels of wheat were purchased by the mill during the year in question. Of this 57.5 per cent was bought from individuals, coopera- tives and country elevators, and the balance from old line companies. Purchases in the state of North Da- kota comprised 80 per cent of the total and the balance was secured outside of the state. Reports on Bond Issues In a summary of the bond issues outstanding, Nelson reported unpaid $3,000,000 of construction bonds and $1,000,000 of the milling series. Half a million dollars of the latter issue were reported paid by taxes. Since the beginning of operations, the op- erating gain, not taking into consid- eration bond interest and deprecia- tion, has been $292,264.52. The mill has paid $109,240.58 to apply on in- terest of the milling or operating bonds. This came from the operat- ing profit of 1927. In 1929 and 1930 the mill vaid $344,000 on the con- struction bond interest and this was |the total amount of such charges for the two years, which eliminated the necessity of a tax levy in those years. KIMONA PICKNICING DIPTHERIA RELIGIOUS KIMONO PICNICKING VERBATIM DIPHTHERIA The words in the square above are the ‘ones which were spelled incorrectly. Be- low the square are all five words, correct- ly spelled. 24] STOMACH WEAK, vc tlVER SLuGEISH “The best ton and blood medi- i cine 1 have ever ,taken is Dr. Pierce’s Golden § Medical Discov- ery. I always take it in spring- time to clear up my system and to enrich my blood,” said Mrs. Geo. Basford of 115 Moore St. “When I was suffering from weak stoma sluggish liver and sick-headaches | took the ‘Discovery’ and it corrected this trouble and I have never suf- fered since with any of these ail- paeaiye. Sold by all druggists, . 100 to Dr. Ptarve’s Clinte, Buffalo, I, Y., if you want a trial package of - Dr. Plorce’s Discovery WALT, SKEEZIX AND) PHYLLIS APPROACH MONTEREN, MEXICO, AS THE LATE AFTERNOON SON GIVES WAN TO ENCROACHING PURPLE SHADOWS IN THE SURROUNDING MOUNTAINS. &> FRECKLES AND HIS FRIEN' TLL MAKE IT AS SHoRT AS PossisLe, MRS. REDFIELD IT WAS FIFTEEN YEARS AGO WHEN ED REDFIELD AN' I WERE PARTNERS AT THE BIG HOLE DIGGINGS, IN WESTERN NEVADA... WE DID FAIRLY WELL AND, AT THE END oF THE YEAR, \WE HAD TWENTY FIVE THOUSAND GING SHE SPORT OF THE WAVES: ANYWAY, THEY DON'T HAVE To WORRY ABOUT - ANN. GASOLINE THE HOTEL AND You've CLEANED — Fe Cn 5 ees, . wun SO ED WENT ON To SEE IF HE COULD BLY A BURRO SOMEWHERE, WHILE I STAYED BEHIND, PITCHIN' CAMP By A STREAM.uED CALCULATED HE'D BE BACK INSIDE A WEEK... You SEE WELL, WWE DECIDED To BANA IT'AT RENO, SOME MILES - DISTANT... IT WAS A TRANP OF MANY MILES, BUT WE HAD A BURRO To CARRY THE GOLDm OUT A WAYS OUR BURRO FELL AN’ BROKE HIS LEG...WE HAD To SHOOT IT... AND THE STUFF WAS TOO HEAVY To CARRY= A LOT oF TWIS APARTMENT SEEMS CoLD TO ME WHY DON'T vou GET A THERMOMETER WHILE YOU'RE DOWN TOWN SUGAR? WALT. IN) THAT, UNCLE tT SANS CALIENTE ON ONG FAUCET ANO FRIA ON THE OTHER. WELL, CAN Ya IMAGING THAT COPPER. SSMIN! ME MAY SIGN ' Wow WERE GETTING somEWnERE /f UN, PROFESSOR TOTT ~~ WiLL Nou STEP W FOR S06T A MINUTE, PEASE 2 PROFESSOR, VS XHERE |] No ONE, TO MY t AYNONE WHO HAS KNOWLEDSE, OTHER EFT TH HOUSE, FoR AWN EASON , SINCE THE , OA ACCIDENT ? ANY OLD TIME! SUSSA MINUTE, MR. coP! You'RE a REG'LAR GUY! | WaNNa “THANK XA FER HANDIN’ ME Ch SIGN BACK, AETER | DUCKED, WHEN ‘e_ TRIED Te PINCH Me CER NoT Havin’ @ PEROT! : WD WHEN: BOOTS AND, LENS SEE WAS HORACE BNO FEROY —~‘Tood SPENCE Yo WE HosPray $1 BEEVE XWEN WENT FEROYS CAR Zz ata, Rion eeu 5, Nae ; € Now! Cro your RIP O'DAY, “TUNS ME, ‘NAF CIRQUS FELLAS.