The Bismarck Tribune Newspaper, October 17, 1932, Page 7

Dieele PRES INGLINED 70 | FBAVINESS AS STOCK MARKET 1S LIFELESS}: Somewhat Steadier Tone De- veloping in Wheat May 1 Have Bolstered List | New York, Oct. 17—(?)—The stock | 4! market was lifeless Monday, with} prices inclined to some heaviness, but trading was slow and largely profes- sional. The list eased 1 to 2 points during the first hour, reeovered in the sec- ond, but again drifted lower in the third. A somewhat steadier tone de- veloped in wheat, which may have tended to bolster stocks a little. Net losses of a poitit or so were nu- merous during the early decline, with a few issues down 2 or more, includ- ing American Telephone, North American, Corn Products, Case and Union Pacific. After recovering, the Closing Prices Oct. 17 Adams Express . Air Reduction .. re Intl. . 0, .. . Metal .. Wat. Wks. Am. eet Pid. Anaconda Cop. . Atch. T. & 8. F. Atl. Coast Line . Atlantic Ref. Auburn Auto . Aviation Corp. .. Baldwin Loco. .. Balt. & Ohio . Barnsdall ... Bendix Aviation . thi. Steel .. list again drifted off, but in the main |C held above the lows of the morning. By the fourth hour, issues off a point |©! or se included U. 8. Steel, American |Ch! Telephone, Union Pacific, Case, Wes- tinghouse, Anaconda, Johns Man- ville and others. Santa Fe was up a point for a time. Owens Bottle went up 3 points. The closing tone was heavy. with | numerous losses of 1 to more than 2}, Points, but the turnover was only about 900,000 shares. 2° 7 ° | Livestock Leman Te o SO. ST. PAUL LIVESTOCK South St. Paul, Oct. 17.—(7)—(U. S. Dep. Agr.)—Cattle 10,500; run! largely grass cattle, quality plain; trade opening extremely slow, under- tone again weak to lower on most slaughter classes; best fed offerings Montana fed club calves promising to go around 7.00 with most grassers 3.75-4.50; common kinds down to 3.00 and below; no action on cows and heifers; low cutiers and cutters 1.25- 2.25; bulls largely 2.25 with only weighty kinds to 2.50; stockers and feeders promising to share weakness shown on slaughter stock. Calves 2,000; vealers about steady at 5.00 or mostly 5.50 on better grades: choice kinds 6.00. Hogs, 10,000; very slow. most bids and scattered sales weak to 25c lower than Friday; most decline on pigs and light lights; good and choice 160-230 Ibs. 3.25-3.40; top 3.40; most bids on underweights and pigs 3.25; light roasters up to 3.50; packing sows 2.25-2.70; average cost Saturday 3.31; weight 199. Sheep, 37,000; run includes 27 dou- bles Montanas; balance natives and Dakotes; active on slaughter offer- ings; better grade lambs 25c lower; others steady; five loads selective lambs 5.25 to shippers; balance good and choice natives and Dakotas mostly 5.00 to packers; medium lambs 3.75-4.00; common grades to} 3.00; slaughter yearlings to 3.25;/ slaughter ewes 150 down; native feeding lambs 3.50-3.75; nothing done om rangers, undertone weak. CHICAGO Chicago, Oct. 17.—()—(U. S. D. A.) —Hogs 30,000; including 10,000 direct; steady to 5 below Friday; 140-270 Ibs. 3.70-80; top 3.90; 300-425 Ibs, 3.15-65; | pigs 3.60-90; packing sows 2.80-3.20; light weights to 3.40; light light, good and choice 140-160 lbs. 3.75-90; light weight 160-200 lbs. 3.70-90; medium weight, 200-250 Ib8. 3.70-80; heavy weight 250-350 lbs. 3.35-80; packing sows, medium and good 275-500 Ibs. 2.75-3.50; pigs, good-and choice 100- 130 Ibs. 3.60-90. Cattle 26,000; calves 2,000; largely steer and long yearling run; medium to good grades predominating; stock- | ers, natives and westerns in liberal! supply; not enough done to make} market, but few early sales and num- erous bids unevenly 25-50 lower, with | Reo light heifer and mixed yearlings and she stock weak to 25 off; slaughter cattle and vealers steers, good and choice 600-900 Ibs. 6.00-8.75; 900-1100 Ibs, 6.00-9.00; 1100-1300 Ibs. 6.25-9.50; 1300-1500 Ibs. 6.50-9.50; common and medium 600-1300 Ibs. 3.25-6.50; heif- ers, good and choice 550-850 Ibs. 5. 8.00; common and medium 2.75-5. cows, good and choice 3.00-4.50; com- mon and medium 2.50-3.00; low cut- ter and cutter 1.25-2.50; bulls (yearl- ings excluded), good and choice (bbe?) 3.00-4.50; cutter to medium 2.00-3.25; vealers (milk fed), good and choice. ! 5.00-6.00; medium 4.00-5.00; cull and | common 3.00-4.00; stocker and feeder cattle steers, good and choice 500-1050 Ibs. 4.50-6.00; common and medium 2.50-4.50. Sheep, 25,000; not fully established; few sales weak to unevenly lower; bidding fully 25 lower on general run fat lambs, good to choice natives 5.00- 25 to packers; holding best above 5.50; Jambs, 90 Ibs. down, good and choice 5.00-75; medium 4.25-5.00; all weights, common 3.50-4.25; ewes 90-150 lbs. medium to choice Lonranys i at , cull and common — .50-1.75; i lambs, 50-75 Ibs. good and fe choice, 4.75-5.2! Ffowa,-Oct. 17.1) — 0 City, Iowa, -Oct. —(U.. Pgs “Age —Caitle, 10,000; most fat steer and yearling bids 25¢ lower; fat she stock -weak to 25c off; stock- ers and feeders slow, steady to weak; very few fed steers and yearlings eli- gible above $7.50; choice absent; good feeder heifers, $5.75-5.85; few choice, $6.25; most beef cows $2.00-2.50; low cutters and cutters largely $1.25-1.75; good stockers and feeders, $4.75-5.50; common, $3.00-4.00; good feeding; heifers held above $3.25. ‘Hogs, 5,000; compared with Friday, steady, mostly 10c lower to shippers; packers talking fully 15c lower on all classes; practical top, $3.30; few lots choice medium weight butchers early $3.50 to city butchers; early sal-s 190-240 Ibs. re tae 1g averages, $3.00-3. packing y $2.25-2.75; feeder pigs, $2.75-3.25. Sheep, 14,000; fat lambs opening weak to shippers; packers. talking fully 25c lower; other classes little ; one load choice sorted na- tives to shippers, $5.25; packers talk- | ing $5.00 down for best killers; early bulk feeding lambs, $4.25-4.50; one foad choice 69 lb. averages, $4.75, |Kroger Grocery jPenney_ (J. C. Cont. Motor Cont. Oil of Corn Products Cream Wheat Crucible Steel Curtiss Wright Drug, Inc. Eaton Mfg. El. Auto Ge. Gas. & El. General Mills Gen. Motors Gillette Saf. Gt. West. Sug. Houd-Hershey Houston Oil Hudson Moto! Inaian Pefin. . Int, Harvester Int. Nick Can. . Int. Tel. & Tel. Johns-Manville Kayser (J) Kelvinator Kennecott Cop. . Kresge (S. S.) . Kreuger & Toll Liquid Carbonic Loew's Inc. . Mack Trucks Mathieson Alk. |May Dept. Stors. . Miami Copper Mid-Cont. Pet. Mo. Kan. & Tex. Mo. Pacific . Mont. Ward Nash Motors Nat. Biscuit. Nat. Dairy Prod. Nat. Power & Kt. New York Cent. . NY. NH. & Htfd. . North American Northern Pacific Ohio Ohio . Pac. Gas & El. Pacific Light . Packard Motor Pan.-Am, ePt. Par.-Publix . Penn. R. R. Phillips ePt. .. Proct. & Gamble Pub. Sve. N. J. Pullman Motor .. Rep. Iron & Stl. Reynolds Tob. “B” . Richfld. Oil Cal. . Royal Dutch Shell . Safeway Stores St. L.-San Fran. Seaboard Air. Seaboard Oil Sears-Roebuck . Servel, Inc. ......... Shattuck (F. G.) ... Shell Union Oil . Simmons ..... Simms Petrol. Soc.-Vac. Oil .. Southern Pac. Southern Rys. Sparks Withington Standard Brands Stand. Gas. & Elec. Stand. Oil Calif. . Stand. Oil N. J. . Stewart Warner Studebaker . Texas Cor] Tex. Pac. Ld. a Tim. Roll. Bearing . Underwood Elliot Union Carbide Unit. Cigar United oor United Fruit Un. Gas. & Imp. . US. Ind. Alcohol . U. 8S. Rubber U.S. Steel .. Util. Pow. & Lt. Vanadium Corp. . Warner Pict. .. West a ery on Western Union Westgh. Ar Br. . Westgh, El. & Mfg... Willys Overland ... Stores . Woolworth oS sae 55 (56 55 CB Sree merem, 13% prote! MONEY RATES 1 DHW or * New York, Oct. 17.—(#)—Calll1 H W..... 53.55 5355 money steady; 1 per cent. Time loans /12% protein steady; 60-120 days, 1; 5-6 months, |! DH W o: 52 53 at a 1 1-4 per cent. commercial |! HW... -- 4 4 3 paper, 1 3-4, , 1 DHW or LHW..... 49 51 49 | 51 CHICAGO STOCKS Minnescia and South Dakota Wheat (By The Associated Frew) 126 protein -8. or Migros Ue BERET LHW 40 50 4050 GOVERNMENT BONDS of - Liberty 3%s, $101.23. AO gp a ao Liberty 1st 4%s, $102.19. Doren Liberty 4th 4%s, $103.19. Ch 1 amber 51% 54% 49% 52% Treasury 4%s, $107.21. 13% in ‘ Treasury 4s, $104.12. j2 aber... 49% 58% 0. eee ieee Seal | Choice of RO RRA amber.... 47%s .o0%s te tee MINNEAPOUSS STOCKS close {hoes Protein First Bank Stook, 8 3-4. ee ee ae Northwest Baneo., 10. Leamber.... 41% 455% ec. wees THE BISMARCK TRIBUNE, MONDAY, OCTOBER 17, 1932 Tribune’s Grain, Livestock and Market Report for Mon., Oct. 17 (GRAIN VALUES ARE STEADIED BY NEW {EXPORT SITUATION of Competitive Export Basis, It Is Said Chicago, Oct. by statements that for the first time in almost two years United States Wheat appeared to be on the verge %%| Of a competitive export basis, grain values steadied in the late dealings Manday. Canadian exchange rate, Winnipeg December wheat contracts are now closer to Chicago than for some time. Drought complaints from western Kansas continued. 1 Wheat closed irregular 1-8 lower 30% 30 30% ; oy _ 0 8; a 5, | May, 63 3-4: corn, 1-4 off to a shade |Dec. 15% ae By advance; Dec., 26; May, 30 3-4 to|May 18% 18% 184 30 7-8; ‘oats unchanged to 1-8 up, /JUY = Lilet 8, | and provisions varying from 15 cents |, °° 31% 31% 31% 1 } aballne to a rise of 2 cents. \May "3544 35% [35% 13535 2% | were'n bearish factor as torwhest oer Par ha Ed RO 5 vheat, to- 8% | gether with advices indicating tha: + 442 442 4.40 4.42 3%|Argentine and Australia crops were|J + 430° 430° 4:25 4.25 | 6%: |making favorable progress. On the 5.00 | HO aes nana) a steadying influence was : a2 | Wore at rain, sleet and lower tem- Nt SARLOT SALES 1st {peratures in Alberta province, Can- adinnespoltsy Ost, i —}—Range| 3, {20a had reduced the grade of 25 per| of carlot grain sales: Wheat, No. 1 on cent of unthreshed wheat around Cal-! hard spring, 53 1-2 to 64 1-2; No. 1; ae gary. Downward swings at times car-| dark northern, 52 7-8 to 62 1-2; No. 2 Hi ried the market to within 14 cent of| northern, 51 7-8; No. 3 mixed, 503-4; 50% the season’s low price record for ail! No. 2 mixed durum, 52 3-4; No. 1 du- 23% | future deliveries, but rallies to above! rum, 46 3-4; No. 1 amber durum, 12% | Saturday's finish ensued. | 47 3-4 to 54 1-4; No, 2 red durum, 24} Corn outdid the current season s| 43 5-8; No. 2 dark hard winter, 53. 3248 bottom quotations for the May deliv-! Corn, No. 1 yellow, 24 1-4, ery, with December the lowest since; Oats, No. 2 white, 15 to 15 3-8. i 1897. There was not the aggressive ;| buying support so noticeable in corn although a large amount of cribbing and feeding would be done, the mai ket probably would have to encounter necessitous holders. Oats changes were unusually narrow. Provisions held about steady, in line with the hog market. GRAIN PRICES HAV! DRAB MART SESSION 74% | Minneapolis, Oct. 17.—(@)—Grain prices changed little during a drab market session Monday. higher and May 1-8 cent higher. De- May 1-4 cent lower. December rye closing unchanged.. December and cent higher. firm to strong and demand was good and virtually none was in, Cash corn demand was quiét to fair. Oats demand was fair to good Rye demand from millers was better and from elevators steady. Barley demand was very good for anything suitable for malting. Flax was in good demand. Hie \ Grain Quotations MINNEAPOLIS RANGE Minneapolis, Oct. 17.—(?)— —~—+% Wheat— Open High Low Close cesses 48% 491. 481, 49 51% 517s “54s 51% 29.20% 29 MMs 14's 14d 160 117 15% 116 2110 111s 1.10 + 113% 1147, 113% 21% 22‘ gy, 2444 (24% (244; DULUTH RANGE | Duluth, Minn., Oct. 17.—()—- | Durum— Open Wigh Low 4214 43 424 306 3042 30% 1140115 1.14 + 114% 114% 1.124 2110 1.12% 1.09% » 114% 1.14% 1.14 11 1, Alt 144, 9% | | MINNEAPOLIS GASH GRAIN 19%| Minneapolis. Oct. 17.—()—Wheat 9 |receipts Monday 254 compared to 194 2, |® year ago. 4%) Wheat— 1 22% |15% protein Delivered _ To Arrive Beli dk north. 55° 58 54 BT ey |2 dk north. 53 56... *13 dk north. 51 54 teeae & 114% protein 13. {1 dk north. 53 36 55 4% /2 dk north. ‘51 ‘54 i433 dk north: 49 52 * 113% protein 25 |1 dk north. 52 55 $3 12 dk north. ‘50 53 23% 13 dk north. 49 ‘51 Bs 12% protein yB*|1 dk north. 52 53 5153 2dk north: 50 ‘51 |... 28 |3 dk north: 47 50 Grade of 14% #11 D *l1H W.. fe) 17.—(#)—Influenced. | Owing to a steady advance in the last week. Comment was heard that) @ new crop selling movement from) finished 1-8 cent higher with May May barley closed 1-4 cent higher. December and May flax finished 3-4| seed, 7, Cash wheat undertone was very, Winter wheat was nominally un- changed. There was a fair demand | -|89, 19-18%; 2 amber.... 40% 4435 see sees Grade of 1 durum... 41% 2 durum... .40% 1 rd durum’ 39% ..... Coarse j2 24 i3 123, , 22 5 21 2 21 3 20 if 19 5 18 | 2 whit 14t2 15 3 13% 14% 4 13% 13% hte 30 32 'Med to 25 .29 ‘Lower grds 18 | 24 | 30% «32% «30% 1.12% 1.16% 1.11% SHICAGO RANGE Chicago, Oct. 17.—(P)— Wheat— Open High Low |Dec. + 48 4B ATT 53% 6414 53% 54% 55% 54% Rye, No. 2, 31 3-4 to 31 7-8. i Barley: No. 2 special, 29-31; No. 3,| 23 1-2 to 30; sample grade, 25. i Flax, No. 1, $1.14 to $1.18 3-4. \ | ‘APOLIS FLOUR ! Oct. 17.—(#)—Flour : {all transportation charges; Minneap- ) ]/Olis basis, sandland district, U. 8, No. + |Ohios, occasional car branded 45-48c. :/exchange firm. Great Britain demand -}in dollars, others in * | Ital; 1117.31; Sweden 17.71; Montreal 93.371s. *|38; weak on Early Ohios, dull on oth- *|o0f a good domestic consumption of ies Service, 3 1-2; Elec. Bond & Share, 24 1-2; Standard Oil Ind., 20 7-8; United Founders, 1 7-8: | ie Miscellaneous MINNEAPOLIS POTATOES Minneapolis, Oct. 17.—(P)—(U. 8. Dep. Agr.)—Potatoes: Light wire in- quiry, demand and trading light, mar- ket dull. Carloads f. o. b. shipping Point, based on delivered sales less 1 and partly graded. 100 1b. sacks, Round Whites, branded, 43-48, un- branded 40-45c. 100 Ib. sack, Early FOREIGN EXCHANGE New York, Oct. 17.—()—Foreign cents. Great France 3.92 13/16; Britain 3.441; 5.23%; Germany 23.77; Norway CHICAGO POTATOES Chicago, Oct. 17.(7)—(U. 8. D. A.) —Potatoes 290, on track 454, total U.; S. shipments Saturday 831, Sunday er stock; supplies heavy, trading mod- erate; sacked per cwt.; Wisconsin Cobblers 60-65c, few fine quality 70c; Minnesota Cobblers 60-67'2c; South Dakota Early Ohios 60-65¢; South Da- kota Cobblers 60-6712; Idaho Russets 115-25. BOSTON WOOL Boston, Oct. 17.—(7)—Slow demand for wool appears to have been little effect upon prices on greasy combing domestic wools. Continued evidence wool, and the prices of fine clothing and combing wools, duty paid, hold- ing above domestic wool prices, con- tribute to confident attitude of trade members. Receipts of domestic wool at Boston during week ending Oct. 15, estimated by the Boston grain and flour exchange, amounted to 12,653,- 50 Ibs., as compared with 3,155,600 Ibs., curing the previous week. INVESTMENT TRUSTS (By The Associated Press) (Over counter at N. Y.) Corp Tr Sh, 1.70. No Am Tr Sh, 1 3-4. Nat Tr Sh, 4 5-8, 5 3-8. Sel Am Sh, 1.80, 1.95. Sel Cumul Sh, 5 1-4, 5 5-8. Sel Inc Sh, 2 3-4, 3 1-8. United Fond Corp, .01, .05. Univ Tr Sh, 2.08. CONTINUED from page one Governor Calls on ‘unchanged. Carload lots family pa- | tents 4.10-20 a barrel in 98 pound cot- ' ton sacks. Shipments 24,822. { Pure Bran 8.00-8.50. | Standard Middlings 7.50-8.00. \ CHICAGO CASH Chicago, Oct. 17.—(?)—Wheat, No.! | 2 red, 48 3-4; No. 1 hard, 48 1-2; No. |2 mixed, 47; buckwheat, 90-92; corn, December wheat closed 1-4 cent! new No. 3 yellow, 23 1-2 to 23 3-4: | ‘Ure to accept 25 per cent of the 1932 |No. 3 white, 23; old No. 2 mixed, cember oats closed unchanged and) 25 1-4 to 25 1-2; No. 1 yellow, 25 3-4| ; to 26; No. 1 white, 25 1-2; sample i grade, 20; oats, No. 2 white, 15 3-4; |rye, no sales; barley, 20-36; timothy seed, 2.25-2.50 per 100 lbs.; clover 8.50 per 100 Ibs. DULUTH CLOSE Duluth, Oct. 17.—()}—Closing cash Durum wheat was in fair to good de-| prices: Wheat: No. 1 dark northern mand and firm to a shade stronger. | 53-S1c; No. 2, do 52-60c; No. 3 dark {northern 50-58¢; No. 1 northern 52- 61c; No. 2 do 51-60c; No. 1 dark hard ; Winter Montana 51-53c; No. 1 hard ; winter Montana 50-52c; No. 2 amber -| durum — 43%s-534 No. 2 do 43%- |53%sc; No. 1 durum 44%-45%%c; No. 2 |do 44%.-45%e No. 1 mixed durum | 43% -48%s8c; No. 2 do 43%:-48%sc; No. j 1 red durum 43%%sc. | Flax on track $1.15-18'2; to arrive $1.14'2-15; Oct. $1.141%; Nov. $1.14; May $1.14%. white 1514c. rye 3042-32'4c, Barley, malting 2475-267. | No. 2, 227<-24%e; No, 3, 2 lower grades 1978-21 7s¢. BISMARCK GRAIN (Furnished by Russell-Miller Co) £ Date Oct. 17. No. 1 dark northern . No, 1 northern ..... No. 1, amber durum . No. 1 mixed durum . . 1 red durum «$33 33} 23 23/ 22 |state bonds for farm loan purposes,” Voters to Defeat Moratorium Issue ‘renewals and extensions of such loans {must be made to enable the debtors |tc carry on. “The president has directed the | United States department of agricul- crop production loans and to renew the balance for a term of years under uch conditions as congress shall pre- scribe. Undoubtedly, congress will, as in the past, require crop security as a {condition to such renewals and ex- tensions. | “If our farmers can not give crop |security for such renewals on account ;of the anti-crop mortgage iaw, the| {renewal privileges will be denied to them and the government will be compelled to enforce the collection of the entire amount of the loans due} this fall.” Moratorium Is Threat Of the moratorium measure the governor said that “the mere threat and agitation for this bill has already Practically suspended our public credit, both within and without the state.” Those who can pay taxes and other debts, the governor stated, “should re- main under a legal duty to do so in the interest of maintaining the solv- ency of both public and private insti- tutions.” Serious damage, the governor said been cone to the state by agita- n for the moratorium. “During 1931, the Bank of North Dakota had no difficulty in selling he stated. “It sold over $3,000,000 of such bonds at rates ranging from 4'2 per cent down to 4 per cent. It was able 89 8 5 10 09 28 i | | | + f Produce Market: | Cc ‘AGO ° Chicago, Oct. 17.\4)—Butter had an easy tone Monday, but eggs held | Steady on a moderate volume of trad- jing. Poultry also ruled steady. + Poultry live 21 trucks steady; hens 11-13%; Leghorn hens 9; colored springs 11, Rock Springs 11-12; tur- {Keys 10-16; roosters 9; ducks 1014-13; {geese 914; Leghorn broilers 10. Butter, 6,576, easy; creamery spe- cials 93 score 2014-21; extras 92, 20: extra firsts 90-91, 19-1914; firsts 88- seconds 86-87, 15-1612; |Standards 90 centralized carlots 191. | Eggs, 4,760, steady; extra firsts ‘lears 25, local 24; fresh graded first cars 24%, local 23%; current receipts 19-2212; refrigerator extras 2312; re- + |frigerator firsts 22: | NEW YORK | New York, Oct, 17.—()—Butter || 7,217; steady; creamery, higher than extras 21-22; extra 92 score 21; jfirsts 87-91, score 1812-20's; seconds 1712-18; centralized 90 score 1912; packing stock, current make No. 1, 12%; No. 2, 1142. Cheese 282,797, steady, no quota- ‘| tions. Eggs, 9,239, irregular. Mixed colors, standards (cases 45 lbs. net) 26-27. Rehandled receipts (cases 43 Ibs. net) |23-24; No grades 21-22%; special | Packs, including unusual Hennery se- jJections sold from store on credit 29- (31; mediums 21%2-22%; dirties 2112- 12244; checks 19-21; refrigerator, spe- |cial packs 24-25; standards 23-23%; |rehandled receipts 22-22%; mediums 121-22; dirties 21-22; checks 17%%. Dressed poultry steady to weak. Chickens, fresh 12-24; frozen 18-26; fowls, fresh or frozen 11-19; old roos- ters, fresh 10-12; turkeys, fresh 16- 126; frozen 18-24; ducks, fresh 14-16; | frozen 16, | Live poultry dull. Chickens, by {freight 10-13; express 10-18. Fowls, \freight 10-18; express 10-20. Roosters freight 10; express 11. Turkeys. freight and frozen 20-25. Ducks, |freight 14-16; express unquoted. \ CURB STOCKS | New York, Oct. 17.—()—Curb: Cit- to, and did, make farm loans to North Dakota farmers in the amount of $4,- 074,300 in 1931. During 1932, up to July 1, it made $1,070,300 in farm loans. In June, this year, however. when it was learned a five-year mor- etorium measure was pending, the bond market was entirely closed to North Dakota bonds. Since the re- initiation of the present measure in August, it has not been possible to sel! any new North Dakota farm loan bonds in any market at any price. Minnesota, on the other hand, has recently sold rural credit bonds and highway bonds at rates as low 3.90) per cent. The result is that the| Bank of North Dakota was compelled to suspend the making of all farm loans on July 1, and no further loans can be made until this moratorium threat is entirely eliminated.” R. F. C. Action Withheld Action on an application to the Re- construction Finance Corporation by the Bank of North Dakota for funds ig being withheld, the governor said. on account of the moratorium meas- ure, while the regional agricultural credit corporation set up at Minne- apolis to furnish emergency livestock loans to farmers of the northwest Is limiting loans to persons of prover financial responsibility. The governor called attention to the fact that, due to the drought, the Bank of North Dakota loaned nearly $2,500,000 on certificates of indebted- ness and warrants to counties. citjes and school districts in the northwest- ern part of the state. “Since July 1, this year,” he added, “no further loans have been made by the Bank of North Dakota to any po- litical subdivisions for any purpose,” because “the value of these certifi- cates, bonds, or warrants, as security. would be entirely destroyed for three years, should the proposed morator- jum measure be adopted.” The governor said adoption of the moratorium measure would result in “such a drastic drop in the collections oF tee ae crmnees Of Boe Ieoal an without heavy borrowing,” and would make borrowing le “because it will destroy the foundation of pub- le credit which rests upon both the ability and legal duty of the citizens to pay a substantial part of their taxes each year.” Hundreds of rural and town schools Will be obliged to close, he declared, unless the teachers are able to serve state governments impossible | friend. CLASSIFIED AD RATES want ads are cash in advance, m cents. Copy must Tribune office by insertion same if under. . 15 over 25 words 3 cents additional per word. The Tribuse 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 For Exchange FOR TRADE FOR WHAT HAVE YOU—Five-passenger sedan in first class condition. Write Trib- une Ad No. 2726. sae CONTINDED Master of Millions Visits in Bismarck since 1887, He will be here two days, | he said. Although big financial affairs have engrossed him during the interim, Mellon recalled as though it were yesterday the dedication of the Northern Pacific railroad bridge over the Missouri river in 1882 and the hay business which he established to supply stockyards along the railroad. He operated a hay-baler here and bought hay in the bottom lands. raising some himself. A negro named Crawford was hauling the hay with mules in anticipation of the spring flood and Mellon happened to be watching when an ice-jam caused the river to go out of its banks. “I saw the wall of water coming,” Mel- lon said. “It looked four feet high, although it probably was only a foot deep. Crawford didn’t see it until it was almost upon him and when he did he climbed up on the hay wagon and started those mules out of there. They were running in wa- ter when they finally reached the bluffs.” The hay, recalled this master of millions, was spoiled when the water soaked it. And there was a hint of the reason for his business success in the shadow which passed over his ruddy old face at thought of this loss. | What man of means does when} out with a friend was disclosed by Mellon’s references to “shopping sprees” with Col. Little in Boston. Col. Little asserted — and Mellon did not deny—that he loves to shop! and so, on their occasional visits in the east, they have gone shopping together — although they rarely bought much, if anything. This quirk in the make-up of a fi- nancial giant moved The Tribune re- porter to inquire the reason. “Well, I knew Col. Little had a beautiful home out here—and we had a lot of fun,” was the smiling response. The inference was that he wanted to buy something for the Colonel. The in- timation was, also, that either the Colonel was hard to satisfy or ob- jected to whatever purchases were proposed. But the fun was mutual. Talk of Old Days Reminiscences of the came naturally to these old friends) as they talked. “We had a sort of a clu§,” Mellon said, and recalled that} it was located in the house which} Col. Little built and which the Mel- lon..brothers bought from him after! he had lived in it less than a year. It was while this “club” was in oper- ation, at which the young men of that day frequently gathered, that Andrew W. Mellon came out here for visits. They went on hunting trips and Mellon recalled returning with @ wagon box loaded with game. Because they liked to hunt, he said, they frequently had more birds than they could use and so they kept the old Sheridan House practically sup- plied with game. During that period, he said, a dozen deer were killed within the city limits. Biographies describe Mellon as a man interested tn educational and humanitarian projects and one sees proof of this in the interest with which he recalled various happenings of his residence here. For example there was the case of} a settler in the river bottoms who was trapped by a flood. It was freezing cold but the ice was not thick enough to bear his weight and he dared not. brave the frigid water, so he climbed a tree and remained there all night. His hands and feet were frozen so badly that they had to be amputated. | Subsequently, Mellon recalled, he had hooks placed on the ends of his maimed arms and later became man- ager of the Standard Oil company here. For three years of his stay here Mellon was chairman of the Board of county commissioners. Business Slightly Improved Business throughout the country, he said, is getting a little better but “not appreciably so.” He __ believes, however, that things are either pick- ing up or are getting ready to move, basing this view on his knowledge of the carborundum business. . Abrasives are used, he explained, to repair and clean machinery which has been idle and recently the demand for this product has shown some im- provement throughout the nation as & whole. The financial situation has stabilized, he said, and things in that respect are improving. Although he spoke with a banker's caution, Mellon’s knowledge of the business world is wide and accurate. He ts closely identified with many of the nation’s leading industries and fi- nancial institutions.. The list of or- ganizations in which he is a director is a long ohne. The story that he and Col. Little had planned to go hunting, circulated in Bismarck when it was learned that Melion was coming here, is a fable. “We are a little beyond that,” Col. Little explained with a smile, Mellon's comment was that he came out here simply “to visit my old form something of a quiet manner. They are, in fact, eyes of a master of millions, but impression they give is much st1 than that. One feels, as he looks in- to them, that they are the eyes of a Female Help Wanted __ SALESMANAGER will appoint fac- tory representative for popular priced line of tools. Call or write H. L, Currier, Grand Pacific Hotel for appointment. ae WANTED—For Bismarck territory, a responsible saleswoman to demon- strate, through appointments, Madame White Cosmetics. Write M. Williams, 1353 13th St. North, Fargo, N. Dak. Male Help Wanted WANT farmers to bring wheat to ex- change for flour. Made from N. D. selected DARK NORTHERN spring wheat. Milled by modern mill. All wheat is thoroughly washed. Flour is guaranteed. Dacotah Seed Co. Located No. 10 Highway, Bismarck, | N. Dak. ee BE A BARBER. Learn an easy pro- fession. Low rates. Free catalog. Moler Barber College, Fargo, N. D. —_—_————— Work Wanted EXPERT WATCH REPAIRING All work guaranteed. Prices range from 50 cents to $2.00. Mail orders given prompt attention. Phone 878. G. L. Patterson, watchmaker, 306! 13th 8t., Bismarck, N. Dak. ASHES or garbage hauled by the week. $1.00 per month for ashes and garbage. For garbage, 75c per month. I have done this work for years. You will get service. Phone 71. _T. M. Burch. ____ Apartments for Rent APARTMENT FOR RENT — Two rooms and kitchenette on ground floor with private entrance. Rent reasonable. 422 4th Street. FOR RENT—Furnished basement apartment with lights, gas and heat included. Priced very reasonable. Call at the Rue Apartments, 711 Ave. A or phone 1256-W. ; FOR RENT—Well furnished two room apartment. New gas stove. Use of Frigidaire and telephone. Hazel- hurst. Phone 273. 411 5th Street. FOR RENT—Newly decorated two- room furnished apartment with gas, lights, heat and water includ- ed. Near bath. Close in. Oppo- site new World War Memorial building. Call at 210 6th St. FOR RENT—Uniurnished flat. “Sec- ond floor. Living room, bedroom, kitchen and bath. For rent with or without bedroom. Gas, lights and heat. Reasonable. Phone 630-M between 1 and 6 p. m. FOR RENT—Modern four room un- furnished apartment. Convenient to bath. Always hot water. Laun- dry privileges. Reasonable rent. Call at 816 Ave. B. i FOR RENT—Nov. Ist. Unfurnished | apartment. 4 rooms and bath. City | heat. College Bldg. See Custodian, Room 300 or phone 1063. FOR RENT—Two room furnished flat. $20.00 per month. Also one three room furnished flat. The Laurain Apartments. kor Sale FOR SALE—Backman coal mined by H. E. Knudson. Best lignite coal. Free from clinkers. Phone 1815-J. 313 14th street. FOR SALE OR TRADE—Two nannys and one buck goat. Billy Leach Box 368. Near Memorial Highway Bridge. | COAL, $2.60 per ton, cash in load lots; $3.00 per ton, part load lots. | Will haul ashes and garbage free | for regular customers. Phone 77. T.! M. Burch. FOR SALE—TYPEWRITERS AND ADDING MACHINE. Sundstrand, Underwood Noiseless, Portable and Standard. Write for catalog and prices. Rebulit machines all makes. SUPPLIES. We clean and repair all makes of office machines. CAP- ITAL TYPEWRITER CO. 207 Bdwy Bismarck, N. D. Phone 820. _____Reai Estate FOR SALE BY OWNER—Very fine six room all modern bungalow. In best residential section of city. Large attic, full lot. Near school. If thinking of buying be sure to see | it. Terms. Call Smith 46 between} 9 a, m. and 9 p. m. | FOR SALE—Seven room modern| house in choice location. Can be purchased on terms same as rent. $50.00 down, $50.00 monthly. Phone {| or see I. C. Iverson, Mandan, N. D. __ Automobiles tor Sale FOR SALE — 1929 Plymouth coupe. 1930 Plymouth sedan, 1928 Durant 65 sedan, 1930 Nash light six sedan. 1928 Paige sedan. We trade and give terms. Hedahl Motor Com- pany. Nash dealers. ea FOR SALE—Chevrolet truck. In- quire Nash-Finch Co. USED CARS With An O. K. That Counts house. Mrs. M. L. Shuman. Phone 455. ~|BOR RENT—Modern six-room nouse FOR RENT—Large five-room apart- _ment. Call Logan's, phone 211. FOR RENT Strictly modern fur- nished and wafurnished apts. Rose Apartments. 215 3rd St. F. W. _Murphy. Phone 652, FOR RENT—Modern apartments in » fireproof building at reduced renta Inquire at Tribune office. Houses ang Flats FOR RENT—12 room rooming house. Gas, lights and bath. 304 2nd St. Northwest, Mandan. Phone Man- dan 349-M. FOR RENT—November Ist. Three room partly modern house with gar- age. House piped for gas. One block east of Wachter school. Call at 1618 Bowen Avenue. FOR RENT—Uniurnisned flat. Sec- ond floor. Living room, bedroom, kitchen and bath. For rent with or without bedroom. Gas, lights | and heat. Reasonable. Phone 360-M between 1 and 6 p. m. FOR RENT—Modern home, 6 rooms and bath. Gas heat. Located at 811 2nd St. Mr. Sheldon. FOR RENT—Four room modern bun- galow at 309 7th Street. Come in, or phone Geo. M. Register as to particulars. FOR RENT—Six room modern house: Hot water heat. Inquire at 514% Main Ave. FOR RENT—Three room partly mod- ern house at 213% South 5th St $13.00 per month. Inquire 101 Broadwa} FOR RENT—Duplex with 2 bedrooms and sleeping porch. Ready October 15th. 114 Bdwy. Inquire H. J. | Woodmansee. FOR RENT—Furnished six room at 808 Avenuc B with garage. Near schools. Phone 839 or 108. 1929 CHEVROLET Six Coach, 6 ply tires, Tropic-Aire hot water heater. Special price $195.00. mechanical condition, entire car re- finished in new Duco color. Down payment $70.00. 1930 CHEVROLET Six Coupe, very fine condition. Down payment only | $125.00. | 1931 MODEL A Ford Tudor and looks like new. Hot. water heat- | er. Down payment $140.00. | 1925 WILLYS-KNIGHT 4 door sedan Seat covers, awnings, automatic shutter, 6 ply tires. Special Brice | $95.00. 1932 CHEVROLET Six. Long wheel base, truck duals in rear, equipped with farm body. Run only 2,000 miles. Will sell at a substantial discount. SEVERAL other attractive buys in 4 and 6 cylinder cars. We trade and give easy terms. CAPITAL CHEVROLET CO. It’s Folly to Sell Stock Now Here's the Feeding Plan Cattlemen Have Dreamed Of Don't accept prices for your. gr feeder cattle withou ing the new Bowles PI tract Share Feeding. F 25% to 100% higher for corn fed stock are almost a certainty for 1933. See how easy it is to hold your stock for this rise and see uundly Bowles National Su- sion assures you of getting the maximum profit. Never before has there heen an organization like Bowles Nation- al, We have obtained as our ex- present ruinous nd clusive Supervisors most of the nationally known feeders in the entin elt, such , ED HALL, FRAZIER, LA ani iN HORTENSTINE—all famous In- ternational and Royal Live Stock Exposition show feeders. Other Bowles National Super- visors include the largest and most successful feeders in the Corn Belt states, such men as: 0. M, (Bean) Lyons, McKenna Brothers. Ralph McElrath, Leslie Lemon, Julius Peterson, Stanley R. Pierce and many others. In the Bowles Plan there ts only one charge—hajf of which is deferred until the stock is sold —40c per cwt. for cattle. The Bowles Plan with the most ex- pert feeding supervision in the world actually costs less than many other plans offered you, and “the BEST is the CHEAPEST in the end.” The entire freight bill also may be deferred. Get the full details. See why banks are willing to co-operate with stock men under this amaz- ing plan. Write or Wire today. 1930 MODEL A Ford Roadster, fine; | ____Rooms fur Reni FOR RENT—Lovely furnished room. Newly decorated with 3 windows. Very warm and comfortable in win- ter. Board and washing included, | FOR RENT—Pleasant Runs| FURNISHED ROOM for rent. Suit- $25.00 per month. Call at 120 Ave- nue A. 7m in mod- ern new home, 2'z blocks north of G. P. Hotel. Clean and quiet. Al- ways hot water. Phone 120-R or call at 503 4th Strer able for one or two Lambert, 301 4th St ROOMS FOR RENT —Nicely furnish- ed rooms. Suitable for one or two, Always hot water. Reasonable. 20: Ave, A. West. Phone 886-M. FOR RENT—Cozy furnished sleeping rooms with or witout board at the Dunraven. Very close in. Two doors north of Paramount Theatre. Reasonable rate: Phone 428. FOR RENT—Warm room, good ven- tilation. Always hot water. Also basement room. Very reasonable. Good light. ventilation and shower bath. Call at 116 W. Thayer. FOR RENT—Very pleasant large sleeping room in modern home. Suitable for one or 2. Also garage for rent. 412 5th St. Phone 678-M. FOR RENT—Very pleasant large sleeping room in modern house. f Suitable for one or two. Gentlemen preferred. Also garage for rent Phone 1152 or call at 706 4th St. Mrs. S. F. | FOR RENT—Large furnished room it Close in. Gentle- Phone modern home. men preferred. 412 8th St. 104-W. Household Gonas for Sale USED FURNITURE for sale which includes 1 bedroom set, 1 i room set, buffets, dressers, metal beds, springs, mattresses, 2 rugs, 6 J new bedroom rockers, 1 set of | dishes, 2 bridge lamps, 2 trunks and } 1 automobile trunk, Priced for quick sale. Phone 50 and ask for Mr. Gobel. i FOR SALE—Piano in good condition, | $35.00. Dresser, $8. Walnut finish iron bed with springs, $8. Call at 112 Ave. C. Highest market prices paid. Bring in your Hides, Furs and junk. “NORTHERN” HIDE & FUR COM- Bismarck, N. Dak. all kinds wanted. Highest market prices paid Wel also buy Hides, Furs and Junk. See} us before you sell. Located in th O'Rourke Store Building. WEST- ERN PRODUCE COMPANY, East) Main Street. Mandan, N. D. __Lost ana Foun: LOST — Saturay forenoon, man’ Bowles National Supervising Ser- vice, 315‘Exchange Bid inion Stock Yards, Gilcaao, Without any obligation, please send ‘me complete information about the Bowles PLAN OF CON- TRACT SHA) RE-FEEDING, and the cattle contract to be used. Name ... .. P.O, Address R. F. D. out their terms without compensation. master of men,