The Bismarck Tribune Newspaper, January 31, 1933, Page 7

THE BISMARCK TRIBUNE, TUESDAY, JANUARY 81, 1933 Tribune’s Grain, Livestock and Market Report for Tues., Fetes 31 SPECULATORS ARE KEPT IN CHECK BY |, | New York Stocks WARKET HRSTANGY = Approach of Dividend Actions By Important Firms Makes ‘Street’ Wary New York, Jan. 31—(7)—The ap- proach of important dividend tions kept speculative activity nian and |Atlantic Coast check in Tuesday's stock market prices continued to fluctuate narrow- ge ee bem baie & Hudson rose a couple of points ike gains of major fractions ared in New York ville. In the steels, U. 8. Steel com-|Briggs Mfg. mon and preferred, and Bethlehem common, were up fractions. stake and Macy dropped 1 1-2 points or more. ‘The shifting of speculative activity was from the utilities to the rails, which has been indicated in recent sessions. The close was irregular, with scat- tered losses of a point or more. ‘Transfers approximated 700,000 shares. . i Livestock SOUTH ST. PAUL LIVESTOCK South St. Paul, Jan. 31.—(7)—(U. 8. D. A.)—Cattle—1,600; opening around steady on most slaughter classes; quality rather plain, run mostly short feds saleable around 3.50-4.25; beef cows 1.75-2.35; butcher heifers 2.75- 3.75; few yearlings 4.35; bulk cutters 1.25-78; medium grade bulls 2.50 down; feeders and stockers unchang- ed, largely 3.00-75; calves 1,900; veal- ers steady, better grades 4.00-5.50; choice 6.00. Common and medium 2.00-3.50. Hogs, 8,000; fairly active, fully ents 5c higher; better 160-210 Ibs., 230 Ibs., $2.80- Home- |G , | BUTTER BUYING OF WHEAT N CANADA World Suppli Political: Unrest in Europe Is Handicap Chicago, Jan. 31.—()—Indications of better export buying of Canadian wheat helped give firmness to grain 14 | Values here late Tuesday. ‘The world’s available supplies of wheat showed some decrease, making the total stock 443,422,000 bushels, compared with 472,107,000 a year ago ‘Unsettled political conditions in Europe, however, were a handicap to 6 | wheat Price advances. Wheat closed firm, unchanged to % a, |higher compared with Monday's fin- ish, May 47%, July 47%-48; corn % off to % up, May 26%-%, July 27%; oats unchanged to lower, and provi- sions varying from 2 cents decline to. 4 an equal gain. Enlarged offerings of cheaper Ar- noted : gentine wheat in Europe were M. St. GM st Golam. a. & Coml. “Soi Cont. Cont. Mi Cont. Oil of Corn Products ‘Cream Wheat Curtiss Wright » Inc. spots on medium and heavy- Ge Too. 3250-65; heavier weights down |e to $2.40; weights below 150 lbs. and Gold pigs mainly $2.75; packing sows, $2.10-.35. Average cost Monday, $2.83; weight, 216. Sheep, 6,000; nine doubles through; four loads holdovers; no early action on fat lambs; packers talking weak to lower; sellers generally asking 1% | declines of and attention was given to continued Canadian currency. There were also Washington official advices indicating that improved demand for farm products was waiting on recov- ery of heavy industries and on in- creased consumption. It was added, however, that to an unusual extent the immediate market outlook for wheat in the United States appeared to sey aa the acreage sown to spring whea Rallies in wheat Prices followed early declines and were associated with talk that March 1 estimates of domestic farm reserve stock of wheat 2 | would probably make a decidedly bul- On the upturns the; Ush_exhibit. market went to above Monday's fin- ish, though without any large in- crease of buying. A handicap to pur- chasers was uncertainties regarding legislative developments at Washing- ton. Corn and oats took their cue mostly from wheat market action, Provisions paralleled steadiness hog values. MINNEAPOLIS FUTURES DEVELOP WEAK TREND Minneapolis, Jan. 31.—()—Trade y% | Was thin at the Minneapolis market at. ‘West. Sug... Grigsby Grunow Houston Oil Hudson Motor steady; early sales on fat feeding] Int. lambs up to $5.30; late Monday seven doubles $5.40-.50 to shippers; balance good and choice lambs, $5.25-.35 to packers. CHICAGO Chicago, Jan. 31.—(#)—(U. 8. Dep. of Agr.)—Hogs, 22,000, including 8,000 direct; active, mostly 5-10c higher than Monday’s average; cows firm; 140-250 Ibs., $3.25-.40; top $3.40; freely; 260-350 Ibs., Pasaigensl pigs, $3.00-.30; most packing $2.70-.80; light light, good and choice Mont. 140-160 Ibs., $3.25-.40; ia weight, | Mont A sOWs, medium and good 275-550 Ibs., $2.50- $2.90; pigs, good and choice 100-130 ‘Abs., $3.00-.30. Cattle, 6,000; calves, 1,500; general market slow, but mostly steady; kill- ing quality plain; steers and yearlings ting in run, bulk of quality and condition to sell at $4.00-6.00; early top yearlings, $6.50; low priced cows selling to better advantage than fat offerings; most beef cows $2.50- $3.00; cutters $2.25 downward; bulls and vealers steady; siaaehier cattle and vealers—steers, and choice common and medium, $2.25-50; iow cutter and cutter, $1.50-2.25; bulls vealers, good and shale f $5.25-760; medium, $4.25-5.25; Steady with Monday’s 25c lower 3 good to choice hago native 3 Germany 33. weden, 18.41%; Mon: MONEY RATES New ¥ Jan. 31.—(#)-—Call or cent. Time loans s%; 5-6 mos % . Harvester Int. Nick Can. Int. Tel. & Tel. Johns-Manville Kayser (J) . Kelvinator . Kennecott Cop. Kresge Gas 8) Tiguid Carbonic Louis. G. é& El. Mathieson Alk Mid-Cont. Pet. s|Mo. Kan, & Tex. Mo. Pacific . ‘Ward Dairy Nat. Power & Lt. New York Cent. ax: NH. & Htfd. lorg. & Western Norra American Northern Pacific Ohio Oil . Pac. Gas & El. . Pacific Light . Packard Motor Penn. R. Paillips’ "pet. Proct. & G: 0 Motor . Rep. Iron rx Bt Reynolds Tob. rors FRE FESKR LKKEK SER (00 = 5 GOR = ona ms 8 BeKaniuseaSSia KSsissa: ment bonds: Liberty 1st 4%s, 102.28; do 4th 4' treasury 4%s, 111.00; do 4s, 106.30, CHICAGO STOCKS (By The Associated Press) Midwest Util. (new) %. Use the Want Ads | material in. '% |Chicago, Jan. 31.—(?)}— ‘Wheat— and Minneapolis May and July wheat each closed %c lower. Coarse grains were quiet to dull, flax showing the only important change in values. Minneapolis May oats, rye and bar- ley closed unchanged. May flax fin- ished %c lower, and July unchanged. Cash wheat was in fairly active de- mand and firm in tone. Winter wheat prices were unchanged with very little Durum wheat was in sluggish demand and easy. Corn demand steady. Oats demand fair to good. Offerings light. Rye 4 {demand about the same, with mill buyers still favoring weight and color. Barley was scarce and malting qual- ity wanted. Flax offerings were light apd in quiet to fair demand, * ———— | Grcin Quotations ss | aoe Whear— " Open High Low CHICAGO RANGE Low Cl AT% AT% 48% AT% 19% AB% 26% 21% B% 16% 1? 26% 21% 29 MINNEAPOLIS CASH GRAIN lis, Jan. ee 69 compared to 77 re To Sik He i i : 2 iatgeepee en, mus MURMORMOR 4 g = rr ra Produce Markets | ig rrr Arrive ci 6% 48% ATH HELPS AT CHICAGO |: 1 Show Decrease; 111% 113% 114% .... RANGE OF CARLOT SALES Minneapolis, Jan. 31.—(?)—Range of carlot grain sales: Wheat: No. 1 hard spring 50; No. 1 dark northern 46-5215; No. 1 northern 4814-49; No. 2 mixed 45%-46%; No. 1 dark hard winter 48%; No. 3 hard white 46; No. No. 1 amber durum 50%; No. 2 mixed durum 45%-50%. Corn: No. 4 yellow 19% No. 3 white 4%." No. 1, 31%. Special No. 2, 24; No. 2, Rye: ; "ogee Pic: No. 1, 1.12%-1.13%; sample grade 1.11%. CHICAGO CASH GRAIN Chicago, Jan. 31—(?)—Wheat, no sales; corn, No. 3 mixed 24; . Yellow 24-241; No. 3 white 24; oats, No. 2 mixed 16; No. 2 white 17; rye, No. 3, 37; barley, 24-36; timothy seed, 2.25-50 per cwt.; clover seed, 6.00-8.25 per cwt. MINNEAPOLIS FLOUR Minneapolis, Jan. 31.—(#)—Flour unchanged. Shipments 28,674, Pure bran $8.50-9.00. Standard middlings $8.00-8.50. DULUTH CASH CLOSE Duluth, Minn., Jan. 31.—(?)—Clos- ing cash prices: Wheat, No. 1 dark t | northern, 46 7-8 to 57 7-8; No. 2 do, 45 to 54 7-8; No. 3 do, 44 7-8 to No. 1 northern, 46 7-8 to No. 2 do, 45 7-8 to 54 7-8; No. 1 dark hard winter Montana, 47 7-8 to 49 7-8; No: 1 dark hard Montana, 46 7-8 to 48 7-8; No. 1 am- ber durum, 47 1-4 to 53 1-4; No. 2 do, 46 1-4 to 52 1-4; No. 1 durum, 45 1-4 to 47 1-4; No. 2 do, 44 1-4 to 47 1-4; No. 1 mixed durum, 42 1-4 to 50 1-4; No. 2 do, 42 1-4 to 50 1-4; No. 1 red durum, 42 1-4, Flax on track, $1.12 to arrive, $1.12 1-4; May, $1.12 1-4; July, $1.12 3-4; Oct., $1.10 3-4. Oats, No. 3 white, 15 3-8 to 15 5-8, No. 1 rye, 32 3-4. Barley, malting, 23 1-2 to 26 1-2; special No. 2, 22 1-2 to 23 1-2; No. 3, 20 1-2 to 22 1-2; lower grades, 17 1-2 to 20 1-2. BISMARCK GRAIN (Furnished by Russell-Miller Co.) Date Jan. 31. No. 1 dark northern $30 No. 1 northern . 30 No. 1 amber durum 26 No. 1 mixed durum 24 No. 22 No. 1 flax 86 No. 2 flax 83 No. 1 rye 16 Barley . 10 Dark Hard winter fd_winter wheat sane ee CHICAGO Chicago, Jan. 31.—(/)—Butter was weak, eggs unsettled and poultry tuled steady Tuesday. Receipts of eges ges butter were heavy and ote 2,987, weak; creai spe- mery 1, | clals (93 score), 17 1-4 to 17 3-4; ex- tras (92), 16 3-4; extra firsts (90-91), 16 1-2; firsts (88-89), 16 to 16 1-4; seconds (86-87), 15 1-2, Eggs, 12,114, unsettled. Extra firsts cars, 12 3-4; local, 12 1-4; fresh grad- ed firsts cars, 12'1-4; local, 12; cure rent receipts 11 1-2. Cheese, per lb.: Twins 9-12; single dairies 9%-10; Longhorns 9%-10. Poultry, live, 32 trucks, steady; hens 12-13; Leghorn hens 10; colored Geese 8; Leghorn chickens 9%; broil- ers 13%4- 14%, Dressed turkeys, steady; toms 14-15; young hens 15; ‘old tor toms and hens 13, NEW YORK New York, aan | 31.—(7)—Butter, 24,486, weaker. than extra 17% ea; extra 17%-%; first (87-91 ‘seore) 16%-17%;, centralized (90 score) 17. An Up-To-The Minute Directory ‘Of The City’s. Wants THIS AD PRODUCED RESULTS] WANTED TO BUY — Furnishings for small apartment, including davenport and living room chairs, bed, dresser, lamps, rugs, etc. Write Tribune Ad No. 3328, You, too, can get results by using The Bismarck Tribune Want Ads. CALL 32 Results Results Round Whites few sales 67%-70; un- Classified mostly 62%; Michigan Rus- set Rurals few sales 67%; South Da- kota Early Ohios unclassified 70; Col- orado McClures 1 car 1.05; 1 car 1.25; Idaho Russets 1.17-17%; few selected 1.20-25, BOSTON WOOL Boston, Jan. 31—(#)—Trade in wool is rather slow. Scattered sales: are being closed at prices at about steady, with last week, but bids are tending lower and some houses are showing an indication to meet the lower offer. Inquiries are being re- ceived on all grades from fine to common and braid. Sales have been closed on low % Ohio wools at 16- 16% in the grease and of common and braid at 13-14. CONTINUED from page one Insurance Chiefs Decide to Propose Private Moratoria ers attended a “mortgage protest” meeting at which it was announced that Governor George White had se- lected a board of five members to act as mediators between creditors and debtors in six northwestern Ohio ag- ricultural counties. There was no indication that the insurance companies were planning in other states action similar to that taken in Iowa. They were represent- ed as regarding the Iowa situation as peculiar to t@at state, because of certain state laws which make it pos- sible for holders of chattel mortgages and other liens, which are in reality secondary to the first mortgage, to foreclose. The attention of the east was first attracted to the situation generally when ® group of farmers forced the New York Life Insurance company to raise its bid on a farm being sold at foreclosure in Plymouth county on Jan. 4. Put Value on Mortgages The Association of Life Insurance Presidents, which represents more than 91 per cent of the nation’s life insurance companies, said that farm mortgages held by those throughout the country at the end of 1932 were estimated to be approxi- mately $1,666,000,000. At the end of 1931, the latest avail: able figures, the mortgages held in north-central states, which include Towa, amounted to $1,081,274,000, rep- resenting slightly more than 60 pl cent of the total for the country. The other states listed in the west-north- central group are Minnesota, Mis- sourl, North Dakota, South Dakota, Nebraska and Kansas. Farm mortgages in the country and Cheese, 364,405, unsettled, unchang- Eggs, 48,200, unsettled. Mixed col- ors, special 7 packs or selections fresh receipts 14%4-15; [oa and commercial standards 1: receipts 13%-%; nl, 39 Ibs. 12%-%; dirties, No. 1, 42 Ibs. 12%-%; "Dressed poultry “irregular, Chick ens, fresh, 12-17; frozen, 13- keys, fresh, 12-20, Live poultry = quoted. Wholesalers, in territories in. possession of the United States at the and of 1931 wad ireesied $1,835,525,000, the association 5a: The association comprises 52 life | insurance companies holding 91.6 per cent of assets of all companies in the country, PRUDENTIAL ANNOUNCES SUSPENSION OF ACTION Newark, N. J., Jan. 31. Pee gl ta Prudential Insurance an- nounced Tuesday the pen of all foreclosures on owner-occupied farms in the United States and Can- ada. The suspension will be effective indefinitely. The suspension by the Prudential involves 37,000 farms and an invest- ment of $200,000,000, or less than one- tenth of the company’s resources, In the case of farms occupied by tenants, the Prudential will proceed as usual, the company said, adding that there were exceptions where the com- would not foreclose, Another Newark Insurance compa- ng [29> the Mutual Benefit Life Insurance company announced it would comply with the request of Governor Clyde Herring of Iowa and suspend all fore- closure proceedings in that state. ‘The action of the Mutual Benefit involves $32,670,000, of which $5,000,- Cc from page otis D Democratic Chief Asks Quick Action On Emergency Bill the state legislature ‘Appointment of a state committee and the naming of county commit- > 000 is in foreclosure litigation, NTINUE Work Wanted HONEST, RELIABLE GIRL Wi general housework. 10 years of ex- perience. Steady or half days. _Phone 672-J. EXPERT WATCH REPAIRING At depression prices. Prices cut in half. All work guaranteed. Mail orders given prompt attention. Round crystals, 25¢, Fancy crys- tals, 50c. Dean E. A Veal 515% 4th &t., Bismarck, B28 Farms tor Rent WANT TRACTOR FARMER with field help. Section 20 mi. SE. Bis- marck. Fair buildings. Plenty hay- land, pasture. 343 cultivated. Sum- merfallow %4. Send bank reference. Kratt, Sheldon, N. Dak. Male | Help Wanted BE A BARBER. Learn an fession. Low rates. Fre cual Moler Barber College, argo. . D. 1931-32 crop places it at 219,700,530 bushels, The balance available for export, based on the present crop and the Carryover is 148,988,261 bushels, CONTINUED from page one Verbal Sparks Fly At Capitol Inquiry of Holabird & Root at Chicago. Kurke said he had not. Sinkler then read from a letter he said Bangs had sent to Hackett July 25, 1923, in which Bangs said: “Bud- get B and C (contingent) should, sep- arately, provide that each should, contractor by the exercise of an op- tion by the commission,” adding “the Point being that upon the adoption of contingent budgets B and /or C, each becomes an inviolate portion of the contract and protected by con- stitutional provisions, so that in the event of hostile legislation after Jan- uary 1, 1933, the contractor will be Protected by an inviolate contract.” Knew Nothing of Letter Kurke said he did not know about the letter or when it was written. Sinkler questioned Kurke about his work as architect, and whether Hol- bird é Root had done most of the work of drawing up the plans or - | Whether Kurke and J. Bell DeRemer, Grand Forks, the other state archi- Phone 32—Ask for Want Ad Taker BUSINESS SERVICE GUIDE __E__ LE SS CLASSIFIED AD RATES 1 insertion, 15 words 45c 2 consecutive insertions, not over 25 words . 3 consecutive insertions, not over All ads of over 25 words add 3c per word reek ae) All want ads are cash in advance. TYPEWRITERS Capital Typewriter Co. Repairs, peseaty Supplies Underwood Elliott-Fisher Agency Harry Herschieb, Manford Parks Phone 820 TAXICAB PHONE An CAB CO. “It pleases us to please you” Insured Carriers Baggage and Parcel Delivery WASHING MACHINES $49. 50 sXe wEist Ay mons? ality pbhirceretn prado aan t ‘no Intied. ou mast ‘ord CYLINDER REBORING references and experience when ap- Plying. Write Tribune Ad No. 3373. board. Very reasonable. 406 5th St. eEE——_—_—_—_—_—_—_—— Houses and Flats FOR RENT—Beautiful new upper du- | Plex. Two bed rooms, fire place, gas furnished for cooking and hest, | Hot water all the time. Also garage | Inquire at 404 5th St On reboring and cylin- Servet any Mine Sa ee Louis Tibesar & Son 903 Front St. Bismarck, N. Dak PING-PONGS (Double Size) WHERE— At Slorby Studio FOR RENT—Five room modern | me house. Inquire at 427 13th St. Rea. sonable. { FOR RENT—Six room modern bung- alow. Large living room, three | bedrooms. Hot water heat 4 garage. Best location in Bismarck. See owner, 715 Sixth St. FOR RENT FEB. a new beautiful all-modern stucc.» bungalow with two bedrooms, sun | parlor, heated garage, full base- ment. Located in nice section of | city. Reduced rent, Phone owner, Mra. Ernissee, 919. tect, had done most of it. Kurke said about 40 men had work- ed on the plans. He added that DeRemeh supervised the men and he had charge of the management of the organization, the money and super- vision of the building work. Sinkler told Kurke it was not nec- essary to tell what DeRemer was do- ing as he expected to put DeRemer on the stand and he could tell his own story. Kurke was asked how many days he had spent on the “job” in Bis- marck and said out of five months there were only 81 working days and that he had spent 31 days at the building and about 31 days with the capitol commission. During his entire examination, Kurke stood in the witness stand. He was told at the start he could sit aeQuestioned ost oe Sormaaai yy Sena . Brunsdale, a member of the investi- gating committee, Kurke said the original unit prices were not kept be- cause they expected to get lower a prices and wanted to get the commission, was on the stand first. Just before the hearing adjourned un- ing Gust A. Erick- questioned regarding whether he had a contract during the first month he| worked on the capitol. He said “No,’ Anders was asked by Renee about the “travelogue” data he had pre- pared concerning trips the commis- sion had taken and the expenses of STOCKS We will loan you money Ld ha! Pegs a bonds. On al FOR.RENT—Four-room house. Newiy | decorated. Screened-in porch. Gas} heated. New range. Very close in Phone 485-R. FOR RENT—Good five-room modern bungalow, enclosed porch, full base- ment, desirable and close in. Rent very reasonable. Geo. M. Register. 30614 Main Phone 266 LEGAL BLANKS All Standard N. D. Forms are Approved by the Best Legal Talent Yearly. Our Stock is up-to-date. Write for Free Catalogue The Bismarck Tribune Publishers two apartment, suitable for two people, Close to bath. Call at 322 9th St FOR RENT—Large, furnished house to desirable parties. Suitable as home for one family Or small family wishing to rent rooms. Im- mediate possession. Hedden Real Estate Agency. Phone 0. Rooms for Rent YOR RENT—Warm, small furnished sleeping room. Suitable for light housekeeping. Phone 619-W or call at 619 Sixth St. FOR RENT—Modern furnished apart= ment. Large living room, kitchene ette, bath room, built-in features, Always warm. Suitable for two, Close in. Laundry privileges. Phone 260. Dr. Enge. FOR RENT—Three room basement apartment in a new house. With private bath and en- rance, $22.50. Lights, heat and water furnished. Call at 811 Ave. B, or phone 644-J. FOR RENT—Very nice large sleeping Toom with large library table. Suit- able for 2 gentlemen Also 2 rooms for light housekeeping on ground ee A FOR RENT—Desirable sleeping room suitable for one or two. Call at 818 6th St. Phone 1221. BY FOR RENT—Attractively furnished sleeping room in modern home. Call at 421 West Thayer. Phone 688-J. SS Automobiles for Sale WASN'T THE DEPRESSION TERRIBLE? FOR RENT—Furnished or unfurnish> ed See are Varney Aparte ments. Phone 773. FOR RENT—Up-to-date and unfurnished apartments, Strictly modern. 106 Main Ave, Nicola Apartments. FOR RENT—Three-room apartment with gas, heat and lights. 622 Third 8! FOR RENT—Nice, t sen room apart ment. Partly furnished. General Electric refrigerator. Hardwood tous, Lares, kitchen. Close in. See Now that it is passing, the new low | F< Bismarck prices of the Dodge at $780 and the Plymouth at $645, gives us unheard of values in good used cars. Our prices have again been reduced— coach All cars plainly priced. See these cars pears aly eid is tae gas stove, living room, small bedroom. Heat, lights and gas, $20.00 per month. 313 i4th St Phone 1815-J. FOR RENT—Two modern