The Bismarck Tribune Newspaper, June 2, 1934, Page 9

THE BISMARCK TRIBUNE, SATURDAY, JUNE 2, 1934 | Tribune's Grain, Livestock and Market Report for Sat., June 2 STOCKS IN RALLY ARTER PLUNGE TO ssn, ener =? NEW LOW FOR YBAR| sw Allis. Am: Som Al Rains in Drouth Areas Result|Am. & For. Pow. ...: Am. Intl. In 2-Cent Midday Drop =| Am. Loco. Of Wheat Am: Pow. & ' — {Am: Roll. New York, June 2.—(—After] Am: touching new lows for the year to date, leading stocks met mild support in the latter part of the brief session Saturday and either reduced or can- celed their declines. The moderate 4 recovery was not accompanied by Atch. any: exceptional activity, however.) At) and the close was irregular. Trans- i * ~ FREE & SESSSSSESSIsetBeakls $8 RR FEE FRE fers approximated 450,000 shares. a 3 Some short covering and outaide| Baldwin Loco. 10% buying appeared in the market. Balt, & Ohio 22 At the same time profit-taking/Barnsdall .. % came into the recently buoyant grains |Bendix Aviat! 14% at Chicago as further forecasts of | % rains in some of the drouth areas| Bork. Warner i were made. Wheat was off about 2 ae cents a bushel at midday. Rains in|Coriuncs A teeia. nadian Pac. than 3 cents a bushel. Cotton main-/Caterpil. Tr. tained s firm tone, but rubber and/Celanese silver futures were hesitant. Bonds |/Cerro de Daa were mixed and dull. The dollar held |cni a Ww. w. toa Hy toned course in foreign Chi. Gt.’ Wes. ings. Chi. Gi Shares of J. I. Case came back for a/C. M. St. P. & P. gain of around a point, but Deere, In-/C. M. St. P. & ternational Harvester and other farm/C R. I. & Pac. issues were not inclined to enthuse/Chrysier ... nated aad for the breaking of the | Col. Fuel i a WEEKLY FINANCIAL REVIEW New York, June 2.—(%)—Stocks went counter to the bull market in grains this week. Speculation in stocks was at the lowest ebb since March, 1933, meas- ured by May business on the stock exchange. On Tuesday, before the SUEEEEEE 2 if ‘Memorial Day recess, a 10-year record 23% for dullness was established, sales Gwindling to 279,252 shares. 20% Wall Street interpreted the drouth Fn news in traditional vien, namely as 28h more bearish than bullish, despite ap- 17° preciation in grain values. It was as- 62% sumed crop losses would overshadow 13% whatever benefits accrue to farmers 35% from higher prices. A ‘With threatened steel and textile te strikes blackening the outlook, slow 5575 liquidation was resumed in the share 20%, market, 10% 19 | Produce Markets | |Gmhm ue CHICAGO PRODUCE of Chicago, June 2.—(#)—-Butter ruled/ Hupp Motor . 5 about steady in tone Saturday. Poul-/TiInois Cent. 22% try was steady at decline and eggs/Int. Harvester were steady. Int. Nick. Can. With butter prices Friday at new a Tel. & el high levels for the year much of the ee J) buying was for the account of out-/Keivinator . 17% siders, especially traders attracted by | Kennecott 18% the steady bulge in grains. Constant 11% buying orders were uncovered as the 2 market moved upward. Traders said Ff there was no denying the fect that fresh production has been materially 23% retarded by heat and drought. Pas- 35% ture conditions had y 4 on the long trade outlook. 12% Butter 17,008; about steady, prices| a unchanged. No butter sales. 16 24,516; steady, ‘prices 34% egg sales. 15% Poultry, live, 23 trucks steady at 16% decline; hens 12; leghorn hens 9; 9! rock fryers 22, springs 24, colored 23; rock broilers) 20-21, colored 20, leghorn 16-18, bare- backs 16-17; roosters 7%; turkeys 10- 13: spring ducks 12-14, old spring geese 13, old 9. NEW YORK ine New York, June 2.—(P)}—Butter, 7,-| Pet 510, weaker. Creamery. higher than) son, : extra 25%-26; extra (92 score) 24%-/phintips Pet. 25; first (88-91 scores) 23-24%; sec-|pilis. Four .. ords (84-87 goores) unquoted; cen-|Proct. é& Gamble tralized (90 score) 24%-%. Pub. Sve. N. J. Cheese, 127,760, firmer State, whole| Pullman . milk flats, fresh fancy 14-14%; do.|Purity held, average run 15%-16; other held! Radio unchanged. ch . Live poultry quiet. - . ers, express 19-26; fowls, express 14-|Seaboard Oil 16; roosters, express 9; turkeys, ex-|Sears-! Press 11-17; other express and all) Erott oy freight grades unquoted. ‘Simmons patti H WISCONSIN CHEESE Boe. Vac. Plymouth, Wis., June 2. — (®) —|Southern Pac. Cheese quotations for the week: Wis- ithern. consin cheese exchange, Twins 12%; Daisies 13. Farmers call board: Dai- sies 13; Americas 13; Horns 13; Stan- hed Ol Cal. dard Brands one-half cent less. Std. Ol N. ‘Studebaker 4% CHICAGO POTATOES Texas = FF FF i 2 : oti 2 ef § 3 i E li Ep oe ee: FF. SFES) KFFRE New York Stocks| [Grain Quotations | MINNEAPO! Minneapolis, June Lied Ol%laown; July 56-56%; Sept 571 ‘98% {Cats 1%5-2% off and provisions un- DULUTH RANGE LIS CASH GRAIN 2.— (®) — Wheat receipts Skturday 52 compared to 130 olis cash wheat and coarse quota‘ Hine 2 1.08% 1.041% 1.07% % 1.05% .... i RERRRE H 5B! iy od i i ererepece! nL Fy 2. & i i BRE rt hat aaa RAR RR: 82 882 882 88 Pad od ol od oi ood ot od odd g 5 = 1.0315 1.05% 1.03% 1.05% + 103% 1.05% 1.03% 1.05% ROS UMN MORON om rorey nerd ts BISMARCK GRAIN (Furnished by Russell-Mitler Co.) Fr =) & ae 3 = Seer 3 WHEATPRICE DROPS WHEN RAIN REPORTS UPSET SPECULATORS Bulls Rush to Take Profits and Market Slumps From Early High Point . | Chicago, June 2—(#)—Collapses of; wheat prices Saturday plunged the market down to more than 8 cents a bushel under Friday's high point. Some moisture relief for drought territory northwest, together with Prospects of additional downpours, carried the wheat market down rap- idly. In the end, no delivery of wheat was much above $1.00 a bushel. Wheat closed flurriet, 3 cents to 4% cents below Friday’s finish, July 98-9814; Sept. 99-99%; corn 25%-3% changed to a setback of 15 cents. Rallies whieh at times lifted wheat values to above $1.00 for all deliveries were based largely on statements by a leading trade authority that the Unit- ed States farm stocks of wheat had been officially overestimated at least 42'35,000,000 bushels. He declared that current suggestions from Washington that the United States would have a wheat carryover of 250,000,000 bushels July 1 were therefore 35,000,000 bu- shels too large and that Washington suggested forecasts of domestic re- quirements of wheat were also out of line, judged by past experience. In view of chances of further shrinkage of current crop production, he as- serted it to be easily possible that at the end of the next crop year, the 4 | United States would possess wheat anne, below the margin of national safety. Corn and oats chiefly trailed after wheat. Provisions gave way with grains, $8. |RAIN REPORTS CAUSE FALL AT MINNEAPOLIS Minneapolis, June 2.—()—Wheat tumbled Saturday on account of the break in the drouth with rain and snow falling in Montana and Wash- ington and the daily and weekly fore- casts indicating more precipitation to come. There was ® lot of confusion here because of trade in “old” and “new” futures and it is expected the clear- ing house will be working far into the night untangling the day’s re- ports. New business of the futures will be “new” unless otherwise speci- fled. “Old” will be traded in when necessary to undo or recover old and spreads. Old July wheat closed 3%. lower, Sept. 3% to 314 lower. Coarse grains all reacted with wheat. Old July oats closed 275 low- er and old Sept. 2 lower. July and Sept. rye both closed 5 lower. Old July barley finished 4%4 lower. old Sept. 4% off. July flax finished 3% off and Sept. 3 down. Cash wheat showed ® regular Sat- urday tone Saturday. Demand slowed down byt prices were mostly un- changed with offerings Jight. Winter wheat demand was good while durum demand was fair. Corn demand was rather good. Oats demand was fair to good. Rye de- mand was good for milling quality. Barley demand was fair to good with malting scarce. Flax was in good de- mand and scarce. DULUTH CASH GRAIN Duluth, June 2.—(#)—Cash closing prices: Wheat, No. 1 dark northern No. 2 dark northern No. 3 dark northern fy No. 1 amber durum 98% -1.24 amber durum 98% «1.2414: er mixed durum 94% -1. durum 92%. Flax—No. 1, 1.96. Oats—No. 3 white 4375-4375 Rye—No. 1, 61. Barley—Malting 60-70; No. 2 special 49%; No. 3, 49%; lower grades 44% - CHICAGO CASH GRAIN Chicago, June 2.—(P)—Wheat, No. 5 ‘| northern spring 96% Corn, No, 2 yellow 58%-59; No. 2 yellow (lake billing) 59; No. 2 white 63. Oats. No. 2 white 41-46%; No. 3 white 4312; No. 4 white 43',; sample _ |etade 40. No rye. Barley, 90-96. Timothy seed $7.55-8.00 per cwt. Clover seed $10.25-13.75 per cwt. RANGE OF CARLOT SALES Minneapolis, June 2.—(7)—Range of carlot grain sales: . ‘Wheat, No. 1 hard spring 1.07'4- 1.10%; No, 1 dark northern 1.09%. Rye, No, 3, 62%. Barley, special No. 2, 75-90; No. 3, 85 - 90, Flax, No. 1, $1.92-2.05%. Corn and oats, not quoted. Independent Drive Launched in Ramsey opened the party’s in Ram- sey county in an address Friday night | oseeemeenauaae np enanmeneremeneammennmemnanee | Livestock 80. ST. PAUL LIVESTOCK South St. Paul, Minn. June 2.—() —(U. 8. Dept. Agr.)—The last week. brought forth huge daily receipts of cattle to this market, a liberal per- centage of which were thin cattle from drouth-stricken areas. Plainer grades tended lower but in spite of the heavy runs a fairly good ckhar- ance is reported. A few steers and yearlings were good enough to bring $6.50-7.75, much of the slaughter steer and yearling crop going at 4.50-6.00; plainer kinds $2.00-4.00. Better heifers brought $4.75-5.80, bulk $2.75-4.50, thin kinds $1.00-2.50. Most beef cows earned $2.25-3.25, thin of- ferings $1.00-2.00. Medium grade bulls closed at $2.00-2.35, better veale ers $3.50-4.00, some $4.50. Medium and lower grade sold at $1.00-3.00. A few steers earned $3.75+4.71; bulk stockers $2.00-3.10, some down to 1.10. Lower grade stock heifers earned $1.23-2.50, Hog trade was very uneven, better grades 180 pounds up and sows clos- ing mostly steady to strong, light- weights and pigs 25-50 cents lower. Better 180-325 pounds closed at $3.00- $3.20, a few $3.30; bulk 140-170 pounds $2. 75; most killer pigs $1.75-2.00; bulk stock pigs $1.25-1.50; most cows 2.50-2.75. Lambs dropped 75 cents this week, ewes closing 75 cents lower. Choice spring lambs sold Friday at $9.25; good old crop lambs $6.7: 3 best 3 best Gry feds being held at $7.50. Light weight ewes closed at $1.50-1.75; Plainer kinds and fat 150-200 pound weights 50 cents to 75 cents. CHICAGO Chicago, June 2—(P)}—(U. 8. Dep. Agr.)—Cattle, 1,500; compared Friday last week mediumweight and weighty steers in minority and mostly 50 higher, top advanced to 9.90, a single prime stcer selling at 10.00; bulk bet- ter grade mediumweight and heavy 8.50-2.40; lower grades with weight 6.50-7.75; all light steers and long yearlings in killer flesh strong to 25 higher on very active market; prac- tical top long yearlings 9.35; but 1150 pound steers sold up to 9.90; light steers and yearlings comprised bulk of steer run and sold at 5.25 to 7.78; common killers down to 4.50 and be- low, but no realiable outlet for thin steers selling under 4.75 and heifers selling under 4.00; stockers and feed- ers closed 25 to 50 lower; better grade Nght and heavy heifers firm; best heavy heifers 6.75; cows 25 to 50 low- er; bulls 15 to 25 off and vealers 1.00 lower. Sheep, 6.000; for week ending Fri- day five doubles from feeding sta- tions, 18,000 direct, compared Friday last week native spring lambs 1.25 and more lower; clipped offerings around 15 off; sheep steady to easier; week's top spring lambs 11.25; closing top 10.00; late bulk 9.50-75 to larger in- terests; cull and common kinds 6.00- 1.75; late bulk 7.00; week's top clipped lambs 8.65; bulk active midweek around 1.50-8.00: no strictly choice load lots available late; first Idaho springers of season 10.50 on Tuesday; three doubles averaged 76 pounds with 50 head scaling 62 pounds out of 8.00; top shorn ewes 120 pounds down 2.50; bulk 150-200 pounds kinds, 1.00. Hogs, 18,000, including 17,000 direct; weak to 15 lower than Friday, scatter- ed sales 3.55 downward; shippers took 500; estimated holdover 4,000. SIOUX CITY Sioux City, June 2—(P)—(U. 8. Dept. Agr.)—Cattle 500; market for the week: Matured steers and better grade long yearlings strong to 25 higher; other yearlings mostly 25 lower; some plain lights 25-50 off; fat she-stock mostly 25 lower; stock- ers and feeders weak to 25 off; com- mon thin kinds almost unsalable late; choice 1117 Ib. beeves 8.00; load lots long yearlings 7.50; bulk 5.00- 6.50; car lots desirable heifers, 775 Ibs. down, 5.25-50; most beef cows 2.00-3.00; low cutters and cutters 1.25-75; few good stockers 4.25-65; bulk common and medium 2.50-3.75. Hogs, 4,000; market about steady with Friday's average; top 3.25; bulk better grade 190-300 lb. butchers 3.15- 3.25; 300-350 Ib. heavies 3.00-15; me- dium grade offerings 2.50-3.00; light- er weight hogs in narrow demand; Practically unsalable; sows 2.60-2.75; thin and roughs down to 2.00 and below. Sheep 250; Saturday's trade steady; around 200 shorn lambs, 79 Ibs., at 1.50; few good to choice springers 9,00-25; fos thé week: Old crop lambs mostly 1.00 lower; native springers 75-85 off; shorn ewes 25-50 down; week's top springers 10.25; late top 9.50; better grades 9.25-50; choice fed clippers early up to 8.35; late trade largely 17.25-60; few choice light weight ewes on close 2.00; medium and choice kinds 75-1.75. Napoleon Firemen Win Contest From Steele Striking out 17 men and allowing but three hits, Eldon Nichol, Moffit, pitehed the Napoleon Firemen to a 2 to 1 decision over Steele in a Me- morial Day game at Napoleon. Nichol scored in the sixth after collecting a two base hit. A single by John Schneider brought in the run. A safe hit and @ triple by Leo Burne stad and Ost brought in the winning tally in the ninth inning. Steele's lone score came in the first inning on a walk and two hits. O. Wick pitched for Steele and Morrison ‘was on the receiving end. Wick struck out ten and ol’owed eight hits. FLAPPER FANNY SAYS. | *\ CLASSIFIED ADS, | Thousands SEE and READ Your AD Daily That’s why prompt re- turns result from a want ad in this paper. If you have anything to sell, buy, rent or trade, try this sat- isfactory means of getting customers. Tribune Want Ad 1 insertion, 18 words Rats Are Low 45c 2 consecutive insertions, not over 15 words ...... 1 insertion, 25 Words ...........---0e000s . 2 consecutive insertions, not over 25 words . 3 consecutive insertions, not over 25 words . 6 consecutive insertions, not over 25 words ..... All ads of over 25 words add 3c per word to above rates. ALL WANT ADS ARE CASH IN ADVANCE A Representative Will Call If You Desire Cuts, border er white space used om want ads come under elessi- hed display rates of 15 cents per column inch per single insertion. ‘Ne clairvoyant, fortane teller, matrimonial, er doubtful advertising accepted. We reserve the right to edit or reject any copy submitted. Automobiles for Sale Male Help Wanted SHOE REPAIRING sears tchnge) = en RESPONSIBLE party with car. Cons | eee eee evrolet Coach ..... b sign product to merchants in your 1933 Pontiac Sedan : $25.00 | county. No selling. Free sample WE REBUILD 1820 Nash Sedan .. and particulars. Write FACTORY, | We Do Not Cobble on cod sero vs Box A, Florin, Pa. i] We Resole with “K. L.” Leather Unrpel-ioninag Bismarck Shoe Hospital 1030 Chrysler Sedan . _—_—_——_—_——— oe Hospi 1933 Piymeuth Coach || Service and Quality 415 Bawy. Female Help Wanted WANTED—Competent and experienc- 1933 Pontiac Coach Shining Parlor in Connection | 1930 Studebaker Cou! 1924 Hupmobile four- ed stenographer. Must have good coupe . 7500 Personality. Position permanent. COR’ LL All replies treated as confidential. —S—————— "| _Write Tribune Ad. No. 6883. —_—_—_—_—_—_—_—_—_— "Household Goods for Sale _ | DR. R.S, ENGE FOR SALE—Géneral electric refriger- Salesmen Wanted | Chiropracter ator in good condition. Call at 806-| SatrONALLY mown conce mm has 4th St. or phone 1304, is opening in its sales organization ressers, for an energetic and aggressive ranges, library tables, day bed, rock-/ young man to cover retail grocery ers, dining room set, kitchen cab-| trade in western North Dakota and inets, ice boxes, book shelves, odd| eastern Montana. He should be be-| chairs, fruit jars, 1, 30 gal. jar, 1.) tween ages of 26 and 35, preferably | 5 gal. jar. Call at 418-8th St. married with at least two years high Apartments for Rent ~ | school education. Write for inter-| FOR RENT—Three room aparimen' Wanted to Rent —=>_—|_ view, stating age, education, busi- eC hen ane cae Dalene WANTED—Two three-room apart-| ness experience. "Will be in Bis-| room. 100 Third. ‘Calf aie-vr ments, furnished; or 6 room fur-| marck to interview applicants Sat-| FOR RENT—Lai ~ nished house from June Sth to July| _urday._ Write Tribune Ad. No. 6880.!" ground fl rge three room 15th. No children. Best references. | ==========e— loor unfurnished apt., new- Graduate Drugless Physician Lucas Block Bismarck, §. D. Phone 200 Write Tribune Ad. No. 6890. ly decorated. Gas, heat, light and WANTED TO RENT—A four or five- ee | ea ae room furnished house until fall. MATTRESSES if t. Pl 376-M. Have your old mattress renovatea| "OR RENT—Well furnished 2 room and rebuilt now. We rebuild all| ®Pt. Also single room for light kinds, including the modern in-|__ouseke . 411 Sth St. Phone 378. nerspring. The condition of your|FOR Ri Completely furnished 3 mattress makes no difference. We} oom light housekeeping apartment. FOREIGN EXCHANGES make them new. 309 8th St. Phone| Lights, heat, water and gas fur- New York, June 2.()—Foreign ex-| 1962. ay nished. Use of electric washer. - hange irreguler; Great Britain de-| EXPERIENCED GIRL desires house-| Downstairs, $22.00, Upstairs $20.00. mand in dollars; others in cents:| work. State wages. Miss Edith! Call at 1014 Broadway, Great Britain 5.06'3; France 6. +] Johnson, R 1, Box 80, St. Anthony,|FOR RENT—Two cozy light house- Italy 8.36%; Germany 58.04; Norway| N. Dak. keeping rooms. Lights, heat and 25.47; Sweden 26.14; Montreal in New| WaNTED—Gentlemen and ladies) Water furnished. Use of telephone. York 10025; New Yerk in Montreal) “jeundry. Prices reasonable. Phone} Private entrance. Also 2 nicely \ 99.18. 588. 200 Mee? Sleeping rooms. Call at INVESTMENT TRUSTS (By The Associated Prens) (Over the Counter in New York) Quart, Inc. Sh. vee 2220133 Call Walter Jacobson at Grand Pa- cific Hotel. FOR RENT—“Unfurnlahed modern asement apt. Two bedrooms, large living room, kitchenette and bath. t Gas and water furnished. Adults CURB STOCKS only. Phone 1090. ! TYPEWRITER | FOR RENT—AModeny ans New York, June 2—(#)}—Curb: FOR RENT—Modern apartment con- Cities Service . 2% sisting of large living room, bed- i ey | room, kitchenette and Elec. Bond é& Share . Standard Oi) Ind. . United Founders .. GOVERNMENT BONDS bathroom. Available June 1st. Cap- ped started 1 Soe btted pie ital Cut Rate Drug Set custom hatching turkey ant — chicken eggs. See us before buy- ar ET cit Oe pl New York, June 2—(—Govern-| ing. Located 1008 West Main St. tric refrigerator, ‘sink and bulltein ment bonds: old IE aed me features. Mohair living room suite. Liberty 3'4's 103.25 WANTED TO SELL—We ‘ell new; Comfortable bed. Suitable for 2 and used woo! sacks and paper| adults. Close in. Ready for oceu- fleece twine. Bring in your wool.| pancy June Ist. Phone 260. Dr. 26% We pay highest market Enge. Northern Hide and Fur Co. FOR RENT—One unfurnished apart- FOR SALE—14 windows, standard ment. City heat. Electric size, Phone 735-M. Ste sefrigete Owners Ya, 7 ator. Electric stove, 4 Home Loans... 4's, '61, 101.22] sep-eare—young hens —Liveot| ing. Available preg te MINNEAPOLIS FLOUR Gressed. Call at 713 2ist St. or} sonable. Inquire at the Bismares Minneapolis, June 2—(P}—Flour| _ Phone 588-R. Tribune unchanged. FOR SALE—Upholstery. mothproof- Shipments 20.945 barrels. ing and rejuvenating outfit com- Pure bran $19.50-20.00. plete including #5 worth of ms-/ScoMm FOR RENT. 300 Avenue & tand 1 terials. Priced reasonably. Call ; 800 Avenue sine Frank Orchard, 51 8t. Phone 168. : Strange But True Stories of Life HOME LOAN BONDS | Retiring beca! Part cash agreeable. Write E. Gun- Gerson. Zap, N. D. MONEY IN WHEAT ACTIVE