The Bismarck Tribune Newspaper, August 2, 1932, Page 7

Tribune’s Grain, Livestock and Market Report for Tues., Aug 2 STOCK MART SHOWS WEARINESS SIGNS ~-ARTER LONG CLIMB Three Weeks of Almost Steadily Rising Prices on Ex- change Halted New York, August 2—()—The stock market showed signs of fatigue ‘Tuesday, after three weeks of almost steadily rising prices, and bullish ef- forts, concentrated in the copper group, failed to attract a following. The list turned conspicuously weak in the early afternoon, after the red metal group had been boosted sub- stantially around midday. The list had started to sag at the opening, but soon stiffened. Wall Street was not much disturbed over the evident weariness of the market, however, since traders had been inclined to look for a “corrective reaction.” American Telephone, having becn up more than a point, showed a loss of a point by early afternoon. Others off 1 to 2 included Consolidated Gas, Public Service of N. J., American Can, Allied Chemical, Case, Wool- worth, Santa Fe, Union Pacific, Pennsylvania, American Tobacco B. U. 8. Steel common, Bethlehem com- mon, Standard of N. J., and others. U. S. Steel preferred dropped 3. Rails, utilities and steels were conspicuous- ly heavy. Among coppers and other non-ferrous metals which got up 1 to 2 points in the midday bulge were Kennecott, Howe Sound, Federal Mining, International Silver, and St. Joseph Lead, while Phelps Dodge, Anaconda, American Smelting and several others were up fractionally; for a time. ! during the} Trading was quiet morning, but quickened on the after- noon sag. A number of traders had accepted the action of the market in the last half hour Monday as indicat- ing a setback was in the offing, as that flurry of selling represented the first time that trading had expanded on a decline since the major upward movement got under way some three weeks ago. The list turned dull in the last hour, and there was some recovery from the lowest, but many of the leaders closed with losses of 1 to nearly 3 points. The turnover was around a million and a half shares. ————— *, | Livestock | YH SOUTH ST. PAUL LIVESTOCK South St. Paul, August 2.—(AP— U. S. D. A)—Cattle 1,700; slow, un- dertone weak to lower, most early sales steady; bulk fed offerings 6.25 to 8.00; yearlings 8.00; grassy steers 3.50 to 5.50; grass cows 2.50 to 3.25; heifers 3.00 to 4.50; common kinds and all cutters 1.50 ¢o 2.50; medium grade bulls mostly 2.50 to 2.85; feed- ers and stockers slow, 3.00 to 4.00; calves 1,500; vealers opening mostly; steady; carly sales 3.50 to 5.50; some interests holding for higher terms or from 4.00 to 6.00. Hogs 3,500; fairly active; steady to 10 higher; advance mostly on choice grade lights; better 160 to 230 lbs. 4.50 to 4.65; top 4.65; medium grade lights down to 4.00 and below; few 230 to 285 Ibs. 4.00 to 4.45; most de- sirable sows below 350 Ibs. 3.50 to 3.55; heavyweights down to 3.00 and below; desirable pigs and light lights 4.00 to 4.25 largely; average cost Monday 3.77; weight 263 lbs. Sheep 8,500; run includes 30 cars western lambs; 20 gone through; packers talking steady on all classes; sellers asking around 2.25 higher on slaughter lambs or 6.25 on best natives and up to 6.50 on westerns; late Mon- day 23 cars of range lambs sold straight at 6.25; a three-car string sorted 20 per cent at 6.25 with the throwouts to killers at 4.50. CHICAGO Chicago, Aug. 2.—(#)—(U. S. D. A.) —Hogs, 16,000, including 4,000 direct; steady to 10 higher than Monday; 180- 220 Ibs. 4.85-5.00; top 5.00; 230-320 lbs. 4.15-80; 140-170 Ibs. 4.50-90; pigs 3.75- 4.25; packing sows 3.25-4.20. Light light, good and choice 140-160 lbs. 450-90; light weight, 160-200 Ibs. 4.65- 5.00; medium weight, 200-250 Ibs. 4.55- 5.00; .heavy weight, 250-350 Ibs. 4.00- 85; ‘packing sows, medium and good, 275-500 Ibs. 3.20-4.20; pigs, good and choice, 100-130 Ibs. 3.65-4.50. Cattle, 5,000; calves, 2,000; better grade fed steers with weight steady, others slow, steady to weak; shipper demand rather narrow; largely steer and yearling run; no dependable out- | Pullma: let on common light grass steers or grassy heifers; best weighty steers| Radio 0.50; bulk grain feds 7.00-9.00; grass- ers 300-50. Slaughter cattle and veal- ers: Steers, good and choice, 600-900 Ibs, 17.25-9.40; 900-1100 Ibs. 7.50-9.50; Rep. common and medium 600-1300 Ibs. 3.50-7.50; heifers, good and choice 50-850 Ibs. 6.25-7.75; common and medium 3.00-6.25; cows, good and choice 3.25-5.50; common and medium 2.50-3.25; low cutter and cutter 1.50- 2.50; bulls (yearlings excluded), good | Sery, and choice (beef) 3.50-4.75; cutter to medium 2.25-3.65; vealers (milk fed), good and choice 6.00-7.00; medium 4.50-6.00; cull and common, 3.00-4.50; stocker and feeder cattle: Steers, good and choice 500-1050 Ibs, 5.25-6.25; common and medium 2.75-5.25. Sheep, 10,000; choice lambs 10-15 higher; other grades and classes strong; packers going slow; few good native lambs 6.00-25; choice kinds pei asking around 6.75 for best Slaughter sheep and lambs: Lambs, 90 Ibs. down, good and choice 6.00-75; medium 5.00-6.00; all weights, common 3.50-5.00; ewes 90-150 lbs. medium to all .15-2.00; feeding lambs 50-75 Ibs. good and choice 4.50-75. ‘early bulk grass bee! 3.75; majority low cut! 1.25 to 2.25; good to 1 amber.... 45 .48 2 amber... 43 47 ew Tork otocks | Grade of 1 durum... 43 45 TS 2 durum... .42 a NEW YORK STOCKS 1rd durum 40 4 Closing Prices Aug. 2. pein Conrse Grain Adams isxpress .. 3'4 2 yellow... .34% 35 Ar Red, 40% 3 yellow 33 34 Alleghan: 14 iar de : ‘ghany +8 GRAIN P E 4 yellow 2830 Al. Chem. and Dy 57% 5 yellow 2600 28 6% ( 2 mixed.:; 28 29 el can z 37% ie slag . Coml. Al. (New) %% ‘ tics! “ “ Am. & For. Pow. . in Export Business Aggregating |5 122024 1 ‘ Am. Intl. $2| 1,000,00 Bushels Fails 2 18 AN i Am. Metal . 3% i eee ais Poe ate an to Rally Prices 4 16 AB es Am. Roll Mill 7 Ch to fey.. 30 31 Am. Smelt. & ag: 121%| Chicago, August 2—(#)—Faced by |Med to gd.. (27.29 Am. Sugar Ref. . 22 |unofficial’ estimates that the 1932/Lower grds 23 26 Am. Tel. & Tel. 89, | North American wheat yield would be | Rye— Am, Tob. “B” .. 67% | only 8,000,000 bushels less than in|No. 2 Am. Wat. Wks. . 16% | 1931, wheat values suffered material ne xo be 25 | downturns Tuesday. i inci naconda Cop. . 744) Export business aggregating 1,000,- DULUTH RANGE Atch. T. & 8S. F.. 3054 |000 bushels of wheat failed to rally|Duluth. Minn., Aug. Atlantic Ref. . 15% | prices. The movement of the new] Durum— Open Auburn Auto. 60% | domestic spring wheat crop was re-|Sept. .. 45% Aviation Corp. %.| ported increasing fast. wes : Baldwin Loco. . 6 Wheat closed unsteady, 1 3-4 to 2 30% Balt. & Ohio . 8% 11-8 under Monday's finish, Sept. old |p, 33 Barnsdall .... 5% | 49 to 49 1-8, Dec. 52 1-4 to 3-8. Corn et sae 6°41 7-8 to 1 5-8 down, Sept. 30 1-8 to 1-4, 9635 Beth tel... 12%) Dec. 30 1-2 to 5-8. Oats 1-4 to 1-2 96% Borg-Warner 6 Joff, and provisions unchanged to 10 ‘ 96 Briggs Mf. 4°41 cents lower. SHICAGC GE ae ea Raven ou Interest of wheat traders focused} onicaco, Riera Canadian Pac, ....... 97,{09 monthly private crop reports) “Wheat— ‘Open High Low Close Case, 3.1... 29 which showed an average of 273,000,-|Sept. (old). .50% 50% 49 49 Cerro De Pasco 1; {000 bushels probable domestic spring |Sept. (new) .50': .50': 49 49 Chesip: & Ohio .- 141, ]Wheat production this season, and|Dec. . -53 34 52M 5214 Chi. & N. W. ay, {estimated the domestic winter wheat 58 56% 56% Chi. Gt. W. Pf. 6 |SYield at 440,000,000. These totals were 31% 30% 30% Chi. Gt. W. Pf. {larger than generally expected and !p,, a1. 30 301s ©. M. T. P. & Pa 11%3]the market soon dropped to more 355 34% BA C. M. St. P. & Pac. 21,|than 3 cents under its recent high Chi. R. I. & Pac. 414 | point. AM ITT Chryseir | ..... 8%| Another of the monthly reports as- 197s ae 19 Col. Fuel & Iron . 61, |Serted although rains from now on 1227, 22 224s Colum. G. & El. 8%, | could be of benefit to the Canadian 31 31 Coml. Sol. ... 6% | crop, especially the late portion, they; 344 34% Com. Southern . 2" | would be too late for any benefit this Consol. Gas. . 45's! side of the Canadian border. Corn 490 4.85 4.87 Cont. Bak. “. 4%5 | and oats prices followed wheat action. 487 4.82 4.82 Cont. Can ..... 23 Provisions lacked support. 435 4.32 4.32 | Cont. Ins. : 14% 6.20 Cont. Motor . % SPRING WHEAT ESTIMATES : Cont. Oil of Del. 6s | PULL GRAIN DOWNWARD MINNEAPOLIS FLOUR Cones Gane: : = £/ Minneapolis, August 2—(#)—Wheat| minneapolis, August 2.—(?)—Flour 1 dk. north. 53% 54% ae & 2 dk. north. H Pacific Light aecoted Pernice %4}1 dk, north. 51% 53% Parmelee Trans. . 2 dk. north. { Pathe Aioeoaye A je |3, dk. north. | Penney (J. C.) . 12% protein Pee te Penn. R.R. . 1 dk. north. 505% 5255 Phillips Pet. {2 dk. north. Proct. Pee Gambie : aaa i ep ear, Pullman re 16% {1 dk north. 7 {2 dk north. 5% {3 dk north. 356 | Grade of 2% {1 north.. alin 2 {2 north. abe ai | MO Nioniana Winter Wheat “""" ids Tob. 30% e ontana Win is eat Ricnntd, Ol Gal. 4 |14% protein Safeway Stores 3845 |1 DH W or ~ 4 Nee eg St. L.-San Fran. 1%|1,H W..... 53% 54% 03% 54° Schulte Ret. . 1% | 13% protein Seaboard Air. %|1 DH W o1 r a ; Seaboard Oil . 10% |1 H W. 52% 53% 52% 53% Sears-Roebuck . 14% [12% ervel, Inc... 2%|1 DHW er hats : Shattuck (F. G. 1%/|1H W. 51% «52% «51% = 52% Shell Union Oil 4% | Grade of Simms Petrol. 5%/1 DHW < Skelly Oil .. 4 JLHW..... 51% ..... 51% _..... Soc.-Vac, Oil 10% | Minnesota and South Dakota Wheat Southern Pac. 11 |12% oe Southern Rys. 4% |1 DH W or 2 . A y Standard Brands Ue GEaNcr 51% 52% 51% 52% St . Gas. A 1 DHW or Siang: of ie" 3 LH W..... 515% 52% 51% 52% Stewart Warner . 3% Durum Studebaker 4%|Ch 1 amber 54 58 51 55 Texas Col AS, 1344 |13% protein Tex. Pac. 4% (2 amber.... 520 57 cece trees Tim. Roll. Dearing 14% | Choice of Underwood Eliott . 12% {1 amber.... 48 53 w.eee seeee Union Carbide ... 19% Heed Protein cae (Gradeot ee feeders 5.75; common and mee grades largely 3.50 to 4.25. Hogs 77,500; slow to 10 lower, early | sales 170 to 240 lbs, mainly 4.25 to 4.40; 130 to 160 Ibs. 3.75 to 410; heavier butchers unsold; sows mainly 3.15 to 3.55; few 3.60; heavy roughs down to 3.60; stock pigs |U fat lambs opening vit strong to 25 higher; ovher classes un- changed; deck choice sorted native lambs to shippers 6.25; packers bid- es ae 6.00 down; range lambs held ; 3,00 to 3.50. Sheep tolabove 5.75; feeders cligible around 4.00 to 4.40; choice sorted quoted up’ to 4. Crucible Steel Curtiss Wright Dia. Match ..... Drug, Inc. Dupont East. Kod: Eaton Mfg. El. Auto Lite. El. Pow. Erie R. R. ... Fid. P. Fire Ins. Firest. Tr. & R. First Nat. Strs. . \Fox Film “A” . Gen. Am. Tank Gen. Gen. Foods . Ge. Gas. & General Mills Gen. Motors . Gillette Saf. Raz. Gold Dust Goodyr. Tr. & Rub. Graham Paige Mot. a Gt. Nor. Ir. Cre. Ctf. Gt. Nor. Pf. ... ou Gt. West. Sug . 6 Grigsby Grnow . Houd-Hershey . Houston Oil . Hudson Motor ... {Hupp Mot. Car Int. Combus. Eng. {Int. Harvester . Int. Nick Can. . Int. Tel. & Tel. Northern Pacific & Lt.. Elec. . {showed a loss of 1 3-4 and December 4|1-4 higher. 11% /in fair to good demand but was in- , {and in slower demand. Oats was in 37, {good demand. Rye demand was fair 5 satisfactory foreign mews but broke sharply on private estimates of the spring wheat crop of the north- west and Canada. A milling com- *| pany bought freely on the break and , [finally turned the trend. September wheat closed 2 1-8 lower and December 2c lower. Minneapolis September oats closed 1-8 higher, and December 1-8 higher. September rye 1 5-8. Both September and Decem- ber flax lost 1-2. September bar- ley closed 3-8 lower and December Cash wheat offerings were quite a bit heavier than expected. Bids de- clined quite rapidly until Premiums } were off about two cents on the aver- age. High protein lightweight stuff was the weakest. Winter wheat was clincd to be weaker with spring wheat. Durum was in fair to good demand and firm. Cash corn was lower with futures to good and firm. Barley opened steady but turned easy in late trade. Flax offerings were light and in fair to ed demand. , Gi Grain Quotations ‘ 14% protein packing 1,000; Western Union .. Westgh. Air Br. . i Westgh. Fl. é& Mfg. . Willys Overland . Woolworth ..... ,jfutures started steady here Tuesday | unchanged; shipments 28,940. on Pure bran 8.00 to 8.50. Standard middlings 9.00 to 9.50. MINNEAPOLIS GRAIN Minneapolis, August 2.—(?)—Range of cariot grain sales: Wheat, No. 1 hard spring 57 1-2 to 61 1-8; No. 1 dark northern 50 1-2 to 6 1-; No. 1 northern 54 1-4 to 58 1-2; No. 3 mixed 45; No. 1 hard winter 52 3-8; No. 1 durum 42 1-2; No. 2 amber durum 48; No. 1 mixed durum 50. Corn, No. 2 yellow 35. Oats, No. 2 white 17. Rye, No. 1, 32 1-2 to 3-4. Barley, No. 2 special 27 1-4 to 31; No. 1, 30 1-2. 1 red 51; Flax, No. 1 (part car) 93 3-4. CHICAGO CASH Chicago, August 2—(?)—Wheat, No. No. 1 hard 51 to 51 1-4; No. 2 yellow hard 50 to 50 3-4; No. 1 northern spring 51 3-4; No. 1 mixed 50 to 50 1-2. Corn, No. 1 yellow 32 1-4. Oats, No. 2 red 15 1-2; No. 2 mixed 15 3-4 to 17; No. 2 white 17 3-4 to 18. No. 1 amber durum No. 1 mixed durum . No. 1 red durum . No. 1 flax .. No. 2 flax No. 1 rye Barley Oats .. pee hard winter wheat, Rye no sales. Barley 26 to 35. Timothy seed 2.25 to 2.50. Clover seed 7.00 to 11.75. DULUTH CLOSE Jewel Tea . Duluth, Minn. August 2—(?)— Johns-Manvilis , Gane EAPOLIS RANGE E 7 ® | Closing cash prices: Wheat, . licetvinator $|Minncapolis, Aug. 2.—()— dark northern 51 5-8 to 61 5-8; No. 2 Repneeett Cope Wheat— " Oj j do. 50 5-8 to 60 5-8; No. 3 do. 47 5-8 Kresge (S. S.) .. 814 | Sept. : to 58 5-8; No. 1 northern 51 5-8 to Kreuger & Toll. 1/32; Dec. 61 5-8; No. 2 do. 49 5-8 to 60 5-8; Kroger Grocery 13% sew ee an 991; | No.1 amber durum 48 to 58; No. 2 do. Tiquid erpanie b a 3a 311, | 46 to 57; No. 1 durum 46 to 47; No. Palteeernn 3 2 do. 44 to 45; No. 1 mixed durum qouk. oe 1536 1514 | 41 to 52; No. 2 do. 40 to 52; No. 1 red Mathieson Alk. ATs 174 | dorum 40. May Dept. Stors. Flax on track 96 1-2 to 97 1-2; to Miami Copper . 34 93% | arrive 96 1-2; Sept. 96 1-2; Oct. 96 Mid-Cont. et. 96% 96 | 1-4; Nov. 96 3-4; Dec. 96. mp. ae Tex. . 251,| Oats, No. 3 white 17. Mio, Beets 2 ‘26%, | No. 1 rye 32 1-4 to 32 3-4. Nach Moos Barley, choice to fancy 27 5-8 to Nat. Biscuit 31% EAPOLIS CASH GRAIN _| 30 1-8; medium to good 26 1-8 to 27 Nat. Cash Reg. 9 Minneapolis, Aug. 2.— (#)— Whea:| 1-8. Nat, Dairy Prod. 18%, |teceipts Tuesday 90 compared to 139 Nat. Bower & Lt 0 rn BISMARCK GRA er coc 15% |15% protein Delivered _To Arrive; (Furnished by Russell-Miller Co.) NY NE. & Httd. 10% |1 dk north. 38% 54% 55%! we ae % Nort. & Western 78%; |2 dk. north. No. 1 dark northern .... North American 20%, |3 dk. north. No. 1 northern ... es | Produce i Markets ———— > CHICAGO Aug. 2.—(P)—Eges Chicago, and butter were firm in tone Tuesday with ‘| most prices . | higher. steady to fractionally Poultry ruled unrevised. Butter, 10,040, firm; creamery spe- cials (93 score) 20%-‘ic; extras (92) 19%¢; extra firsts (90-91) 18-18%c; firsts (88-89) 16-17c; seconds (86-87) 13-15¢; standards (90 centralized car- lots) 19¢. lead lots 15%c, local 1%; Eggs, 8,572, firm; extra firsts car- fresh grad- ed firsts carload lots, 15, local 14c; current receipts 11-13%4c. steady; Poultry alive, hens 14; 1 car, 21 trucks, Jeghorn hens 11; colored broilers and fryers 13; color- ed springs 16; leghorn broilers 13; roosters 10; turkeys 10 to 12; spring ducks 10 to 12 1-2; old 9 to 11; geese 12 3-4; to 11. Cheese, per lb.: Twins 12; Daisies Longhorns 12 3-4; Young Americas 12 3-4; Brick 10 1-2; Swiss, domestic 28 to 29; imported 36 to 37. NEW YORK New York, August 2—(?)—Eggs * | 38,279; firm. Mixed colors, standards (cases 45 lbs. net) 18 to 19; rehandled receipts (cases 43 lbs. net) 16 1-2; no grades 12 1-2 to 15 1-2; special packs, including unusual hennery se- % | lections sold from store on credit 20 to 23; mediums 14 3-4; dirties 15. Butter 19,935, firmer. Creamery higher than extra 21 to 21 1-2; ex- tra (92 score) 20 1-2; first (87 to 91 tions. a 1% | score) 18 to 20. Cheese 337,459; steady, unchanged. Poultry live nominal. No quota- Dressed irregular, unchanged. —-— 2 Miscellaneous | CHICAGO a Chicago, August 2-(AP—U. 8, D. “| Britain 3.51 5-8; France 3.91 13-16; | +; Way 17.62 1-2; . {33 scoured basis, short French comb- ,| Corp Tr Sh 1.54. 4|Sel Am Sh 1.50; 14 A.)—Potatoes 12, on track 152, total U. S. shipments 265; dull, supplies moderate, trading slow; sacked per ewt.: Cobblers, Missouri U. S. No. 1 80 to 85, few 90; slightly decayed 70 to 75; Kansas few sales 80, combina- tion grade 65 to 75; Early Ohios, Towa 85; Minnesota U. S. No. 1, 75 to 80; partly graded 65 to 70; Idaho Triumphs U. S. No. 1, 1.50 to 1.60; slightly decayed 1.35 to 1.45. FOREIGN EXCHANGE New York, August 2—(4)—Foreign exchange firm. Demands: Great Bri- tain in dollars, others in cents. Great Italy 5.09 7-8; German 23.76; Nor- Sweden 18.09 1-2; Montreal 87.12 1-2. BOSTON WOOL Boston, August 2.—()}—The volume of trade on the finer quality domestic wool appears fully maintained at last week's rate. The bulk of sales are on 64's and finer territory wools in original bags, with bulk average French combing lines bringing 32 to ing and clothing lines selling at 30 to 31. A moderate amount 58, 60's graded territory wool is moving at | Steady prices. Scattered sales are being closed on 48, 50's territory wools at 27 to 28 scoured basis for {strictly combing staple. INVESTMENT TRUSTS (By The Associated Press) ‘Over counter at New York): No Am Tr Sh 1.52. Nat Tr Sh 4; 41 Sel Inc Sh 2 1-4; United Fond Corp GOVERNMENT BONDS Liberty 3 1-2's 101.50. Liberty Ist 4 1-4’s 101.22. Liberty 4th 4 1-4's 103.00. Treas. 4 1-4's 106.28. Treas. 4's 103.24, CHICAGO STOCKS Midwest Util. (new) 1-4. MONEY RATE: New York, August 2.—(?)—Call money steady; 2 per cent all da: Time loans steady; 60 to 90 a: 1-4 to 1 1-2; 4-6 mos. 1 1-4 to 1 1-2 per cent, Che commercial paper 2 1-4 to MINNEAPOLIS STOCKS CLOSE (By The Associated Press) First Bank Stock 9% Northwest Banco 14% CURB STOCKS ee York, Aug. 2.—()—Curb: Cities Service 3%, . lee Eond & Sh dard Oil Ind. United st it (@} ON TID I N U from page one ED Collections Drop And State Faces Money Stringency, 2 equalization meets this month and it is considered certain that a levy will jbe made at that time to take up at least a part of the deficit which has| eccurred in the state farm loan busi- ness. At the same time that interest pay ments have declined, tax collections have declined, thus reducing the cash balance in the state’s general fund} and causing a graduai shrinkage in the amounts on deposit with the Bank of North Daketa by the various political subdivisions of the state. With approximately $3,000,000 on de- | posit with other banks, there is no ‘ospect that the Bank of North Da- kota will have to register its checks in the near future as Langer is said to: have hinted in his forecast. Hl Audit Shows Profit The audit for the six-month period | ending last February 29 showed the/ {bank proper made 231% per cent on| jits capital of $2,000,000 and 21 per cent after deducting interest on the bonds issued to obtain that capital. Of its total assets more than $6,000,- 000 were in the form of unsold state real estate bonds and farm loan ad- vances, however. Its resources were listed at $23, 317,692.35 and its assets at $23,657, 324.56, a deficit of $339,632.21. This is accounted for by the fact that the bank charged off $1,700,497.58 in bad loans and against this figure was sect} up $1,360,865.37 in operating pro: j The position of the bank has been; steadily improving since 1925, when} the charge off for poor loans was made. The farm loan operations, however, tell a different story as disclosed by the February report. During the pre- ceding six months 1,191 loans were completed, borrowers receiving $1,- 821,800 on 284,410 acres of land pledged as security. During the pe- riod the depariment’s expenses ex- \eeeded income by $25,993.88, the fig- ure including the interest on bank loans to the department at 4 per cent. After deducting all bond interest coupons due to January 1, 1932, inter- est fund cash expenditures exceeded interest fund cash earnings by $2.- 144,926.36 on February 29 and this deficit has mounted during the last six months. The net deficit after set- ting up accrued accounts receivable and other items was placed last Feb- ruary at $636,261.26. Expense Exceeds Income The income and expense statement? shows a cash income of $11,126,601.46 since the business was started, of which $9,846,623.26 was from interest and penalities on loans. The cash expenditures were $13,271,527.82 in- cluding $12.739,504.98 in interest paid on outstanding bonds. The Bank of North Dakota has ad- vanced $700,448.09 to the real estate fund, of which $567,094.83 was used to pay the taxes on foreclosed land be- fore sheriff's deed could be obtained Against this figure is an item of $125,420.96 in undistributed rents and sales collections. Total liabilities of the department are $41,071,483.44 and resources are $40,435,222.18, the deficit of $636,261.- 26 being listed to make the two sums balance. Outstanding bonds total $36,347,700 against which there are open loans totaling $31,338,311.97 and sheriff's! deeds valued at $3,660,734.82, a total of $34,999,046.79. In addition, the bond sinking fund contains $3,011,.- 003.32. The position of the state govern- ment with regard to money for oper- »| showing receipts, expenditures and collections d: seven months ‘ADMINISTRATION IN | tion of work hours.” {calling the conference a survey of | Secretaries Doak and Lamont money from taxes on real and person-| al_ property. Report by the state treasurer, balances from month to month for the last four years and for the first seven months of 1932, disclose that the decrease in receipts has been gen- eral during the last two years but heaviest in real and personal tax col- ; lections, whereas the expenditures have shown little corresponding de-| crease. List Insurance Money The amount of decrease in collec- tions is not adequately . represented by the balance now on hand in the fund, since it contains some $400,000 which was received in insurance on { the old capitol building. Within the next two years this will have to paid out for construction of the new cap- itol but, meanwhile, it remains in the general fund and can be used. In 1928 real estate and personal ; property tax collections totaled $2,- | 507,745.57; the 1929 total was $2,741,- 573.07, a high point in the four period. In 1930 th tle to $2,682.41 had shrunk only a lit- 39 but 1931 saw the p to $2,138,629.45 a de- crease of $602,043.62 from the wl point two years earlier. For the firs of 1932, collections to- taled $1.573,52242 as compared witi $1,695.731.44 for the first seven months of 1929. The result of this continual shrink age has been to deplete the general $400,000 of insurance money severa within the last year and there is prospect that the state may have to dip into the insurance mone} next year, before the March tax col- lections come in, to pay its bills The future of the general fund bal- ance depends, not only upon thi ability of the state to collect its ta: but also upon reducing the drain up. on the treasury. It is this probl which will face the next administra tion, regardless of its political color, | and the next session of the legisla- ture. To it must be added the problem created by the deficit in the farm loan fund of the Bank of North Da- kota. i} FAVOR OF SHORTER | | i Leaders May Be Called by President i Washington, August 2—(@)—The administration was on record Tues- day for a plan to give jobs to more people by letting all work less may present the idea to bus leaders in a national conference shortly. ver will call such a conference stands out clearly as an aftermath of his talk Monday with a group of New Englanders who presented a work- shortening plan. i Governor Winant of New Hamp- | shire said “We made some progress The “New Hampshire” pian would spread employment through a five- Gay week, shorter w s other method found ad “We have been assured that further consideration is to be given this and other means for spr ing employ- ment and that ther Ml be other conferences and ‘ther discussions} along this same line.” Winant said. |! | S| | | {flexible work weeks depending upon the volume of business. Application of these plans, they say, while reducing incomes of em- ployed workers would give much- needed jobs to others. President Hoover in his recent nine-point rehabilitation p: m in- dicated he favored a plan of this sort when he said “I have under discus- sion with various agencies the ques- tion of a movement to further spread existing employment through reduc- He has available for study before shorter employment hours made by and covering 6,551 companies. PRORIBITION IS MAIN ISSUE AS KANSANS, = MISSOURIANS VOTE Political ‘Bossism’ and Econo-| mic Questions Also Get Share of Attention St. Louis, August 2.—(P)—Prohibi- ion, politieal “bossism” and economic questions confronted Missouri voters as major issues in Tuesday's primary election, which brought to an end the longest and most stubbor fought campaigns ever waged in the state. Both wet and dry organizations marshaled their forces early in the campaign and conducted strenuous drives to nominate candidates favor-| able to their causes. In the Democratic senatorial race, one of the hottest in the campaign, Bennett C. Clark, son of the late Champ Clark, and an outspoken w Charles M. Hay, veteran prohibitior ist, and Charles M. Howell, who an- nounced he stood on the Democratic national platform's repeal plank, are the principal contestants. Henry W. Kiel, regarded as the favorite in the Republican senatorial race, is strong- ly opposed to prohibition. Interest in economic questions was heightened by the drives of numerous organizations to bring about more economic state government and re- duce the burden of taxpayers. Tuesday's election was considered a test of the strength of the Demo- cratic organization in Kansas City i \ ! ating expenses is indicated by the amount in the general fund. Into this fund goes all money received by the state, with the exception of in- stitutional collections. Money from income, inheritance, cigarette and other special taxes go into it as does | headed by Thomas J. Pendergast. Pendergast backed Howell as a sen- atorial candidate and Francis M. Wilson for governor. Wilson's ou standing Democratic opponent, State Senator Russell L. Dearmont, raised | the cry of “bossism” and charged the Pendergast organization was trying day in the regular classified page. SALESMEN WANTED for following fund until it has been down to the » | WANT! WORKING HOUR PLAN: National Conference of Business! E The likelihood that President Hoo- in the meeting with the president.” | . Administration leaders also are| mead F —1928 Dur dan. contemplating even the four- or Hee eee Le three-day week, the six-hour day,| staggering of working hours and| |}to extend its control to the entire CLASSIFIED AD RATES All want ads are cash in advance, minimum charge 75 cents. Copy must be received at The Tribune office by 9:00 a. m. to insure insertion same Cuts, border or white space used on want ads come under the classi- fied display rates of 90 cents per col- umn inch per insertion. REGULAR WANT AD RATES 6 days, 25 words or under $1.45 3 days, 25 words or under. 2 days, 25 words or under 1 day, 25 words or under... Ads over 25 words 3 cents sdaidional per word. The Tribune reserves the right to reject any copy submitted, also to re- vise any copy to conform with make- up rules of Classified Advertising. Phone 32 The Tribune Want Ad Department Salesmen Wanted Apartments for Reat FOR RENT—Three 2 room fur apartments, with gas, light, heat and water furnished. Two apart- ments, $20.00 per month and ons $25.00. Also garage $2.00 per month. Call at 622 3rd St. FOR RENT — Furnished four room ground floor apartment. Rental $43.00 per month. Three room pri- vate bath apt. $30.00, 2 room apt. $25.00. Heat, lights, water furnish- ed. Hedden Real Estate. Phone 0 or call at 618 6th St. FOR RENT—New 2 room furnished apt. on ground floor with private entrance. Reasonable rent. Also wanted to buy an oil stove. Phone 833-W or call at 323 8th St. South. FOR RENT—Modern apartment. One room and kitchenette. Electric refrigerator. 518 5th St. Dr. R. S. Enge. FOR RENT—Two room apartment. Gas, water, lights. Use of telephone? $15.00 per month. 928 9th St. FOR RENT—Furnished one room and kitchenette basement apartment, $18.00. Everts Apartments, 314 3rd Street. ished Jamestown, Valley City, Bismarck and Fargo. Prosperity is the corner if you're not id to go around the corner to Straight commission. Good Ask for Gen. Manag- Grand Pacific Wed- Female Help Wanted J—Experienced saleslady for Must be free to travel See Mrs. Brown | ay only at Bis-j kK Tourist Camp. ] OUNG LADY to assist in the office | for part of tui Bismarck Busi- | 1 Main St. Call} ephone nS | assing Mr. Work Wantee : WANTED BY FRESHMAN AND Senior ¢ places to work for room and board this fall. Phone 285-J, } WORK WANTED—By middle-aged woman. Place to work for room and board with small wages. Will Phone ider by week or month Male Help Wanted D—Wide-awake young man for old established firm in Prefer man with sales Write Tribune Ad No. to wor! Bismarck. exper! ence. 2052 For Sale | FOR SALE—Well equipped restaur- ant. About 2-3 cash. Balance in payments. Good town and good Write Tribune Ad. No. proposition, mie any part of the city. "Five ds of either, 25¢, Also pickling Phone 699. Lost and Fo tet = white 5 Answers * For any té face heif=| Left a week Automobiles for Sale Nash Dealers D. FOR SALE— 13;-ton truck. Commercial license and gravel box. Priced at $180.00. In-} quire at Corwin-Churchill Motor | Co., Bismarck. Wanted to Borrow WANTED TO BORROW — $1,700.00. Have $7,000.00 Bismarck residential property. Willing to give 6 percent and first mor Property in fine condition and location. Write Tribune Ad No. cs Wanted to Buy_ WANTED TO BUY—Used car not to exceed $150.00. Payments in monthly installments. Write Trib- une Ad No. 2039. state. hibition, the federal farm board, and ruggle over the Demo- of normally are varied issues voters to in the Sunflower state. te faces the longest list) of candidates for congressional and state office, exciusive of the legisla- k office in 18 years. The 63 Republican, 50 Democratic and nine Socialist candidates include sev- eral repealists and submissionists. Seven Republicans seek nomina- tion to the senatorial seat vacated by Vice President Charles Curtis, and now occupied by George McGill, De- mocrat, of Wichita. McGill’s single opponent for the| Democratic nomination is Chauncey B. Little, former congressman, who advocates repeal of the 18th amend- ment and abolishment of the farm boat DEFICIT SHOWS INCREASE Washington, Aug. 2.—(4)—The gov- ernment ended the first month of the present (1933) fiscal year with a de- ficit of $263,250,620, which was $62,- 000,000 greater than for July a year ago. | FOR REN’ FOR RENT—Furnished apartment; hot water, gas for cooking. Apply at 808 7th St. FOR RENT — Four large rooms, kitchenette and bathroom on sec- ond floor; private entrance; for only $35.00 per month. Gas heated. Very fine location. 306 Thayer Ave, West. Phone 262-J. FOR RENT — 3-room unfurnished apartment; private bath and pri- vate entrance; also 2-room fur- nished apartment. Call at 523 6th St. FOR RENT—Modern furnished apart- ment, furnished or unfurnished basement apartment. Harness and shoe repair shop. Call at 717 Thayer Ave. or phone 622. | FOR —Apartment consisting of bedroom with closet, large living room, kitchen with pantry, close to Nice for quiet couple that FOR RENT — Fur! om apartment, one block from Court House. Call at 416 6th St., or phone 1141-R, FOR RENT—One or ? room nicely furnished or unfurnished apart- ments, ground floor, private en- trance, laundry privileges; also sleeping room, reasonable. Call at 309 8th St. or phone 1233-J. FOR RENT — Nicely furnished front apartment, suitable for 2 or 3; alsa large sleeping room, lights, gas, and laundry privileges included. One block from postoffice. Reasonable rent. Call at 222 3rd St. FOR RENT — Furnished two room apartment including lights, gas for cooking, laundry privileges. Reasonable rent; also garage. Cail at 322 9th St. FOR RENT—3 room apartment with Private bath., 1st floor. Phone 1649-W or call ll at 812 Ave. B. FOR RENT—2 room nicely furnished apartment, cool and convenient ta schools and capitol; also porch room and room in basement. Phone 1747-R or call at 818 7th St. APARTMENTS FOR RENT—Clean and well furnished second floor 2-room apartments, $20.00-$22.00; also three-room apartment, $25.00, including : lights, water, heat, gas for cooking and laundry privileges. Call at 1100 Broadway. FOR RENT~Furnished apartment; light, water, heat, gas, telephone and use of electric washing ma- chine furnished. Call at 930 4th St. ell furnished two- room apartment on ground floor; nearly new gas range; running wa- ter; use of Frigidaire and tele- phone; also welt~furnished single room with kitchenette. 411 5th St. _ Phone 273. FOR RENT—Stricily modern fur- nished and unfurnished apts. Rose Apartments. 215 3rd St. F. W. _ Murphy. Phone 852. FOR RENT—Furnished or unfur- nished apartment. Varney Apart- ments. Phone 773. FOR RENT—Modern apartments in fireproof building at reduced renta, "| Inquire at Tribune office. FOR RENT—Furnished for Tight housekeeping, one or two room apartments. Phone 1063. Houses and Fiais FOR RENT—Best location, near school, fine modern upper duplex, 5 rooms, attached garage. Gas fur- nace, gas range, etc. Rent $40.00. Phone 751 or 151. FOR RENT—5 room modern house and garage. Near capitol. Phone 460-M. FOR RENT—5 well furnished rooms in downstairs of modern bungalow, including sun parlor. Cool in sum- mer, cozy in winter. Near park, Call at 413% W. Thayer, rear of 413 W. Thayer, or phone 459-J. FOR RENT—August 1, one modern 6 room, 2 story house, with bath, full basement, hot air furnace, hard- wood floors and garage. Near grade school. $60.00 per month. Phone 839 or 108 for particulars. ____ Rooms for Rent FOR RENT — Comfortable sleeping rooms. One in basement and one on first floor. Suitable for two Always hot water. Phone 1470-R or call at 306 W. Thayer Ave. FOR RENT—Furnished room in modern home. One block west of postoffice. 208 2nd Street. Phone ‘761 or 21 FOR RENT—Furnished apartment on ground floor. Also furnished sleep- ing room. Hot water all the time. Phone 619-W or call at 619 6th St. FOR RENT—Nicely furnished room in modern home. Close in. Call at 417 6th St. or phone 214-M. | FOR RENT—Furnished sleeping room in modern home, located right down town. Reasonable rent. Gentlemen only. Call at 117 1st St. or phone 195-M. FOR RENT—Nicely furnished room Opposit Call sall at 307 10th St. or phone 921. FOR RENT — Furnished sleeping rooms by day, week or month in modern house located right ee. Call at 311 4th St. or phono asa FOR RENT Very attractive four-room apart- ment. Close in, Furnished or Ground floor, If mre to see, Also smaller apartment. Phone 13813 or call 211 Went Resser.