The Bismarck Tribune Newspaper, December 27, 1934, Page 7

Tribune’s Grain, Livestock and ‘Market Report for Thurs., Dec. 27 New York Stocks | MARKET STEADIER BUT PRICE RANGE REMAINS NARROW Utilities Find Some Support on Theory They Probably Have Been Oversold New York, Dec. 27.—(#)—The stock market steadied Thursday under an expanded trading volume. The ut! ties met support after initial hesi- tancy, although recoveries in this de- vartment were only moderate. Tax selling and year-end adjustments ac- counted for the relatively large turn- over. 000 shares. Scattered industrials maintained a fairly firm tone throughout the pro: ceedings, soft spot aside from that pertaining to the power and light group, was generally viewed as constructive. Grains were a trifle reactionary and cotton failed to attract a bullish fol- Ithough here and there a|Barnsdall in evidence. The news, | Bethy, ‘Transfers approximated 1,880,-| A’ avi lowing. Bonds were a bit mixed, al-| Can! though secondary issues showed rally-| Case. J. ing tendencies. Foreign exchanges | Coa; were narrow. Directors of Consolidated Gas cut, the quarterly dividend from 50 to 25 cents and the stock advanced frac- tionally. Public Service of New Jer-|Chi. Gi sey touched a new low before coming|&: back for a small gain. American Wa- ter Works rallied nearly a point while} Ch American Telephone, Columbia Gas and North American were about even. Radio preferred B got up 3 and In- land Steel 2. Spiegel-May-Stern were each about a point higher. Douglas Aircraft and United Aircraft were active and firm- ‘McCrory Stores and| Con. er. Slight advances were registered | Cont. by National Distillers, Santa Fe, Union Pacific, Howe Sound and Cela- nese. Such issues as U. 8. Steel, Bethlehem, Chrysler, General Motors, American Can, U, 8. Smelting, Stand-| Curt; ard Oils of New Jersey and California and Johns-Manville showed only in. consequential changes. Allied Chem- ical dropped 2 points. i Produce Markets f CHICAGO Chicago, Dec. 27.—(#)—Butter was steady and eggs firm on the Chicago mercantile exchange Thursday. Poul- try was firm. Butter, 7,423; steady; creamery — specials (93 score) 31-31) extras (92) 30%; extra firsts (90-91) 28%- 29) (86-87) 26-26%; standards (90 cen-| Ge: tralized carlots) 29. Eggs, 828; firm, extra firsts 30%; |Gold Dust 3 extras 22%. Poultry, live, 29 trucks firm; hens 4% Ibs. up 16 under 4% Ibs. 13; Leg- horn 11; Rock Springs 17-21; colored 17-20; Leghorn 13; roosters 10; hen turkeys 22, young toms 20, old 17; No. 2, 15; ducks 4% Ibs. up 20-21; small geese 17; capons 6-7 lbs. 22. Dressed turkeys firm; prices un-/1,¥' changed. NEW YORK New York, 17,242; firm, creamery, higher than extras 32%-33%; extra (92) score) 32-32%; firsts (88-89 scores) 28-31%; seconds (84-87 scores) 26%-27%; cen- tralized (90 score) 30%. hw Dec. 27.—()—Butter . Loew’ Cheese 371,834; firm, prices un-|77 1. changed. Live poultry steady to firm. By freight: Chickens 13-19 ducks 15-17; other freight grades unchanged. Live a : Chickens | Miami express: 15-20; unquoted; turkeys unquoted; other express gradep un- unchanged. White eggs, resale of premium marks 38-39; nearby special packs in- cluding premiums 37-38; nearby and midwestern hennery, exchange spe- cials 35-36; nearby and midwestern exchange standards 34; marked me- 35%-36; Pacific Coast, shell treated or lfhers, mediums 30-32; Pacific Coast, pullets 27-28; refrigerators; nearby large 241%-25%; Pacific Coast, large 26%-28%; browns, resale of pre- mium marks 35-36; nearby and west- ern special packs, private sales from | Pullman 34-35. store BUTTER AND EGGS FUTURES Chicag, Dec. 27.—(#)—Butter fu- tures: i Low Close Storage standards Dec. 31% . 1% 1% 21% 37% Pure Bran 29.50-30.00. Standard Middlings 30.50-31.00. 21% Btnui Printed advertising is de-|s signed to produce results—by men who make it their business to know the best and most ef- ficient methods and how to apply them. the Tribune Job Printers plan jwith you. WE WILL BUY One Chicken or a Carload. Market Your Poultry With Us. Carbide Call 32 and let/Union Pacific United 5 . Dec. 4. (Selling Pressure Develops to % ¥ Year's holidays. acting something | 7, of @ curb on immediate trade expan- | Baer tl FREER Kata ns e909 3.09 09 3 SSB Si os BBS: a8 SRR TREE RR PE HOLIDAY REACTION CHECKS ADVANCES OF GRAIN MARKET Bring Lower Prices in ‘’ Both Corn and Wheat cago, Dec. 27.—(P}—With New: sion, the grain markets Thursday; showed @ reactionary trend. Sufficient selling pressure develop- ‘ed to bring about lower prices most Grain Quotations ||:: DULUTH RANGE 1 Dec. 37.—(P}— Duluth, Minn, Durum— 1.25 May | of the day both for wheat and corn. | Jul Prospects that the movement of, Southern Hemisphere wheat crops would start in the near future led to believe that export demand for Can- adian grain would remain slow for at least some time. Wheat closed % under Wednesday's finish, May 99%-%; corn %-% down, May 89'%-%; oats at % decline to % advance and pro- visions varying from 20 cents setback to @ rise of 5 cents. caused wheat futures to fade off to @ fractionally lower close here Thurs- day after a fairly steady start. Good rains which helped the Ar- gentine corn crop outlook discouraged some of the holders of Chicago fu- tures and this was reflected in the 1, | market. here. December and May wheat closed % lower and July % off. Coarse grains also finished lower with the exception of flax, which was firm due to lack of offerings. De- cember and May oats each closed % s lower. December, May and July rye all closed % off. December feed bar- ley finished % down and May 1 Dee. May suly agus Free Bese Ses ie May oy, +» Old. Dec., new. lower. December and May flax each | Dec. Pree % higher while July finished up. Cash wheat receipts were very small, partly because of the cold wave. Demand was fair at unchanged premiums. Nothing much in the way ab winter wheat or durum showed up ursday. Corn tone was slow and easy with demand sufficient to take care of light offerings. Barley offerings were %| very light and the market unsettled with undertone stronger. Flax offer- 7% | ings were light and demand was fair | Miscellaneous | o—___________- FOREIGN EXCHANGES New York, Dec. 27.—()—Foreign exchange irregular; Great Britain demand in dollars; others in cents: Great Britain 4.94; France 6.60%; Italy 8.56%; Germany 40.25; Norway 24.83; Sweden 25. Montreal in New York 100.68 New York in Montreal 99.3114. MONEY RATES New York, Dec. 27.—()—Call money steady; 1 per cent all day. Time loans steady; 60 days-6 most. %-1 per cent. Prime commercial paper %. Bankers acceptances unchanged. INVESTMENT TRUSTS (By The Associated Press) (Over the counter in N. Y.) Quart Ine. Sh. 1.21; 1.33. CHICAGO STOCKS [By The Associated Press) Northwest Banco 3%. GOVERNMENT BONDS New York, Dec. 27.—(#)—Govern- ment Bonds: Liberty 3%’s 103.18. Liberty first 41's 103.16, Liberty fourth 4%'s 103.22. ‘Treasury 4%'s 112.28, ‘Treasury 4's 108.22. Home Owners Loans 4's, '51 100.28. NEW YORK BONDS New York, Dec. 27.—()—Bonds lose: Great Northern 7's of 1936, 92. Tobacco Products 6%'s of 2022, 101. .» NEW YORK CURB New York, Dec. 27.—(#)—Curb: Cities Service 1%. Elec. Bond & Share 6%. United Founders %. CHICAGO CASH GRAIN Chicago, Dec. 37.—(#)}—Cash wheat: No sales. Corn, new, No. 3 mixed, 96%; No. 3 yellow, 92%-93. Oats, No. 3 white, 57; sample grade, 50. Rye, no sales. Barley, 75-1.22 Soy beans, No. 2 yellow, 1.15-1 Timothy seed, 16.50-17.50 cwt. Clover seed, 15.50-22.60 cwt. RANGE OF CARLOT SALES Minneapolis, Dec. 27.—(#)—Range of carlot grain sales: 9 Wheat, No. 1 dark northern 1.12%- 1.16%; sample grade dark northern 90; No.1 dark hard winter 1.12%- 113; No, 2 hard amber durum 1.44- 1.45%; No. 2 mixed durum 1.42%. Corn, No. 4 yellow 90%. Oats, No. 2 white 56%, Rye, No. 2, 80%. Barley, No. 1 malting 1.14; No, 3, trade limited and buyers more or less, indifferent. Oats demand was quiet to slow. Rye tone was steady with 1.10, Flax, No. 1, 1.8742-2.00%. CHICAGO POTATOES Chicago, Dec. 27.—()—(U. 8. D. A.) |No, 1 amber durum 1.27-1.40; No, 2 1% Potatoes 35, on track 159; total US./amber durum 1.27-1.40; No. 1 mixed shipments 284; supplies moderate; |durum 1.22-1.44; No. 2 mixed durum 3 No, 1 red durum 1.05, Practically no trading account? weather, operators not opening cars. | 1% 18% | Western Union we th. Air. Wertngh, El. & iM MINNEAPOLIS C. Mini receipts & year ago. grain ea z i 5; 88 ee eet ne pte ee ee e i ae z 333 885 885 BS= BEE sks i BRREARRN RRR: ERR RRR KKK KKK or penegane pe rte Seeeecee aaa MORMORRO 3432 g seen, 1.06% EB 4 ie eae mogaus i fas fanaa ofeee fag DULUTH CASH GRAIN —(P)}—Closing cash Duluth, Dec, 37.- 1.10%: 17%; 6 120-1. Rye No. 1, 74% Barley: Malting 85-1.00; No. | feed No. 3 feed No. 3 feed bee bee poyeyemeyerey Ss Ps 147 146 1.39 1.38 19%. — 2/11.00; 1300-1500 Ibs. 7.50-11.00; com- seeee 1.08% 1.10% 1.08% 1.39 Open High reel oes Livestock ; 80. ST. PAUL South St. Paul, Dec. 27.—()}—(U. 8. Dep. Agr.)—Cattle, 1,300; fed steers fully steady; she-stock steady; weak undertone on lower grades; bulls un- changed; little interest to stockers early; medium to good 800-1200 pound fed yearlings and steers 5.25-7.25; few Plainer grades around 3.00-5.00; most Tr grade heifers 2.50-4.50; good mixed yearlings up to 6.50; mostly heifers; low cutter and cutter cows 1.50-2.25 beef cows up to 3.25 mainly; few good to 4.00; medium to good bulls 2.75-3.40; vealers 400; fully steady; good to choice 4.50-5.50; few selec- tions more, Hogs 2,000; market fairly active; averaging around steady with Wed- nesday; top 10 cents higher but qual- ity improved; bulk good to choice 210-350 Ibs 6.60-70; top 6.70 freely; better 160-200 Ib. 625-50; 140-150 Ibs. 5.50-6.00; good to choice. 100-130 Ib. Killer pigs around 3.75-5.00; feeders scarce, desirable 70-110 lb. eligible around 2.50-3.50; bulk good sows 6.15- 25; average cost Wednesday 6.29 on 211 Ibs. Sheep, 1,200; Thursday's fresh sup- ply around 500 trucked in native of- ferings; increased by two loads Mon- , | tana feeders, still held from Monday; {choice 140-160 no early sales or bids fat lambs; sellers generally asking up to 9.00 or around 50 cents higher than Wednes- day’s full advance with packers talk- ing around 8.25; late sales Wednesday fat lambs 8.25-50. Dairy cows: Fully steady; supply very light, demand good; medium to good springer cows, to shippers around 27.50-42.50; plainer sorts down to 20.00 or less. CHICAGO Chicago, Dec. 27.—(4)—(USDAI— Hogs, 21,000, including 6,000 direct; market slow steady to 10 lower than Wednesday. Weights above 220 Ibs. 6.90-7.00; top 7.00; 150-210 Ibs 6.00- 90; slaughter pigs 525 down; packing Sows 6.25-40. Light light, good and Tbs. 5.50-6.50; light weight 160-200 Ibs, 6.15-! medium ‘weight 200-250 Ibs. 6.75-7.00; heavy weight 250-350 Ibs. 6.90-7.00; packing 16%, |Sows, medium and good, 275-550 lbs. 5.75-6.50; pigs, good and choice 100- 6 |130 Ibs. 4.25-5.50. Cattle 7,000 commercial, 300 gov- ernment; calves 1,000 commercial, 100 i government. Fed steers and yearlings *{common and medium. 6.25-8. 07% 1.03% 1.05% and South Dakota Wheat eoeee 1.00% 1.12% 1.00% 1.12% 110% 14 , |8.00; 130-150 Ib. light lights bid 4.50- “|French combing and clothing wools. .|Medium wools were slow. Members prices: Wheat: No. 1 dark northern heavy No. 1 dark northern No. 2 dark northern No, 3 dark northern No, 1 northern heavy No. 09) “|common and medium 2.50-4.00; +|choice, 500-1050 Ibs. 3.75-4.75; come fully steady, instances shade higher early, but general market now slow- ing down, mostly steady. Fairly ac- tive trade, however, at recent sharp advance, 10.85 paid for 1,389-lb. averages; long yearlings up to 10.75; general run steers selling at 7.00- 10.00. Other killing classes firm to 25 higher. Bulls ruling 25 up; vealers 25-50 highe. at 7.50 down. Slaughter cattle and vealers: steers, good and choice 550-900 Ibs. 7.00-10.00; 900-1100 Ibs. 7.25-10.75; 1100-1300 Ibs. 17.25- mon and medium 550-1300 Ibs. 3.00- 7.50; heifers, good and choice 550- ‘750 Ibs. 6.25-8.50; common and med- jum 3.00-6.25; cows, good 4.00-5.25; low cutter and cutter, 1.75-2.50; bulls (yearlings excluded), good (beef) 3.25-4.25; cutter, common and med- jum 2.75-3.75; vealers, good and choice 6.00-7.50; medium 4.50-6.00; cull and common 3.50-4.50; stocker and feeder cattle: steers, good and mon and medium 2.50-4.00. | National bank of New England until Sheep, 15,000 Fat lambs slow, gens erally asking fully steady and bet- ter, with buyers talking lower early. Bulk better grade lambs held 9.25 up- ward. Initial bids under 9.00. Sheep’ and feeding lambs firm. Lambs, 90 Ibs. down, good and choice 8.50-9.35; ; ewes 90-150 Ibs. good and choice 2.50-3.75; all weights, common and medium, 2.25-3.00; feeding lambs 50-75, good and choice 5.40-6.25. SIOUX CITY Sioux City, Dec, 27.—(#)—(U. 8. D. A)—Cattle 2,500; beef steers and yearlings active, strong to mostly 25 higher; fat she stock strong; stockers jand feeders scarce; two loads choice 869 lb. yearlings 9.00; load lots good long yearlings and medium weight beeves 8.00-25; few plain short feds below 5.00; scattered packages good fed heifers up to 6.50; majority beef cows 2.75-3.50; low cutters and cut- ters mainly 1.75-2.50. Hogs 6,000; no early sales; bids to strong; better 200 Ibs. and up bid 650-85; 170-199 Ib. weights bid 6.00-50; 150-170 lb. weights 5.25- 5.25; sow bids mostly 6.00; slaughter pigs 2.50-4.50. Sheep 5,000; no early fat lamb bids; indications around steady; stronger or 8.75 and above for best native and fed offerings; other class- jes scarce. BOSTON WOOL Boston, Dec. 27.—(?}—(USDA)— A scattered but fair demand was be- ing received on French combing 64's and finer territory wools. Average lines of graded French combing brought 68-70 cents scoured basis. Original bag lines of similar grades moved at 67-70 cents scoured basis for bulk average to good French combing, and at 63-65 cents for short of the trade were not anticipating much demand for these grades until after the turn of the year because of the slack demand for knit goods re- quiring medium grade wools. WINNIPEG CASH GRAIN Winnipeg, Dec. 27.—(#)—Cash wheat closed: No. 1 northern 79; No. 2 northern 75%; No. 3 northern 71%. Oats, No, 2 white 44%; No. 3 white 39%; No. 1 sifted 39%. Former New England Bank Official Dies (Special to The Tribune) New England, N. D., Dec. 27.—H. C. Schroeder, 47, New England resident for the last 22 years, died at 10:15 8. m. Thursday at his home here. The cause of death was arthritis. Mr. BISMARCK _THURSDAY, DECEMBER 27, 1934 A SALESMAN may be short or tall, fat or lean, but the boss measures his value (1) the results he gets; (2) how much it costs to hire, him. Bismarck Tribune want ads get results because the people who turn to them already are in the market for what they Want ads meet with no They waste no time by just two things: have to sell. “sales resistance.” ringing hostile door bells. often. want ads will sell more of it. Bismarck Tribune want ads get results cheaper, too. The Tribune blankets the Missouri Slope area. The cost of a brief want ad is measured in pennies rather than nickels, dimes, quarters or dollars. No other salesman we know will call on so a families for so few pennies, atever you sell, Bismarck Tribune Use them TRIBUNE RATES ARE LOW Minimum charge fer one insertion— 45 cents for 15 words, First insertion (per word) . 2 consecutive insertions (per word) 3 consecutive insertions (per word) 4 consecutive insertions (per word) 5 consecutive insertions (per word) 6 consecutive insertions (per word) COURT HOLDS DEBT LAW INAPPLICABLE Frazier-Lemke Farm Act Can- hot Be Invoked After Fore- closure, Judge Rules Minneapolis, Dec. 27.—(4)—The Frazier-Lemke mortgage moratori' law cannot be invoked as a relief Measure on debt-ridden farm prop- erty after foreclosure proceedings have been completed, Federal Judge Joseph W. Molyneaux ruled in Min- neapolis Thursday. Although avoiding any in tion as to constitutionality of the mortgage moratorium law, Judge the 0s a relief measure in his ruling on Sherman who sought relief under its ba provisions. Stacey secured a $15,000 loan on the farm in 1928. In July, 1933, Louis most | provisi Tedemption or to extend the: . He held while foreclosure Former Member of Ernest Moeckel, &r., longtime resi- dent of Wishek and « former mem: ber of the state house of represen! tives, died in a local hospital Thurs: day of kidney disease and bladder trouble, complicated by heart dis- ease. For many years he was « minister Civil War Veteran Of Fargo Succumbs Schroeder was cashier of the First | ded taken ill two years ago. He leaves his wife, one son, Jeuel at home, and a daughter, Merle Janice, instruc- tor of music in the Grand Forks pub- Uc schools, TILL FURTHER NOTICE! We will take school and county |{2o7rsted warrants in trade. Alex Rosen Legislature Dies} y#" Cuts and berder used on want ads come under classified display rates of 75 cents per column inch per single insertion. 3 cents or -fKe oe Se » bho oes Be vertising copy submitted. Male Help Wanted No clairvoyant, fortune teller, matrimonial, or doubtful ad- accepted. We reserve the right to edit or reject any ALL WANT ADS ON BASIS OF CASH IN ADVANCE A representative will call if you desire. Telephone 32 and ask for the want ad department. Female Help Wanted WANTED—Young man for part t! work. Must be well recommended. Neat and clean. Will interview ap- plicants between 7 and 9 p. m. at 207-Tth St. North. YOUNG MAN WANTED to work by month. F. Jaszkowiak. Phone 823. MISSISSIPPI PLAN PRAISED, GRITICIZED Good Chance Seen for Some of Recommendations, Perhaps in Modified Form Washington, Dec. 27.—()—Praise, warning and criticism mixed {n Capi- tol Hill's reaction Thursday to a vast Program suggested to President Roosevelt as a means of developing Mississippi Valley resources. “Fundamentally sound and essen- tial,” was the blessing given by Sen- ator Wheeler (Dem., Mont.) to the report of the Mississipp! Valley com- mittee. “Interesting and encouraging,” said ‘Chairman Wilson (Dem., La.) of the house flood control committee. The warning came from Represent- ative Dits (Dem.,. Tex.) member of the rivers and harbors committee. Commenting on a suggestion that projects,” but that the government was fast approaching the limit of ex- Penditures it can properly make. Some Democrats and Republicans, who preferred not to be quoted amet Among the report's suggestions were: Unification of the national electricity supply; over flood control financed in part by lo- cal communities when they received the main benefits; construction of perhaps 800 dams; and unification of transportation. Wilson said he thought there was & good chance some of the recom- PWA Diversion Stand Blamed on Engineers Thursday for the attitude of the Mis- ; | sissipp! Valley committee of the Pub- Me Works administration in “crack: ing down” on the Missouri river di- Project. ‘The committee reported to Secre- the proposal to divert the Missouri by means N. D. was ‘WANTED—Experienced girl for gen- eral housework. One who can go home nights. Inquire room 1700, Patterson Hotel. WANTED TO RENT—Three room furnished apartment by Feb. Ist. Write Tribune Ad. No. 8791. Rooms for Rent FOR RENT—Comf room modern home. Reasonable rent, Call at 522-2nd St. FOR RENT—Furnished room. complete . mation address Tribune ad 8768. FOR RENT—2 rooms during Session, Upstairs. Living and bedroom, Couple preferred. Write Tribune Ad. 8792. FOR RENT—Two upstairs rooms for light housekeeping. No children. $22.00 a mo. 1014 Bdwy. 501-6th. FOR RENT—Good house on 9th street. unfurnished apt. and 4 plex. T. M. Casey & Son. FOR SALE—Six room Gas heat. Near school. ticulars writ ert POR mn coal. beta 3 ton or mare, $2.60 ton. Phone 1993. Bob Mor- ris, cases, counters 318 Main.