The Nonpartisan Leader Newspaper, June 7, 1917, Page 19

WHEAT FUTURES WOBBLE Regular ‘“dope,” weather reports, were the principal ingredient in mak- ing up the wheat quotations last week. Texas harvest was said to be progress- ing favorably, and field scouts for the grain speculators were sending in news that Oklahoma and Texas would thresh the largest crops in their history. Rains in Montana and parts of Min- nesota led to rosy predictions of uni- versal rains over the hard spring wheat belt, and wheat quotations went down. Prophecies that 1917 would equal the banner grain season of 1915 were the main items of news chalked up on the exchanges. Towards the last of the week rum- ors that a large quantity of wheat was going to the Atlantic seaboard for ship- ment to Europe,led to a flare-up on the part of the bulls, but the bears, who have now got a pretty good grip of the situation, since talk of limiting the grain exchanges has become general, immediately started a rumor in New York that the port of New York would be closed to exports of grain, and the exchanges responded by pulling down the quotations. ‘While the futures game was wagging between bulls and bears, cash wheat was holding its own at prices for No. 1 Northern ranging from $2.52 to $2.67. OATS IN THE PIT ‘While examples of market manipu- lation had brought on a general out- cry against trading in grain futures, the Minneapolis Chamber of Commerce started future trading in oats. This occurred May 381, the day that Herbert C. Hoover, federal food controller, told farmers of the Northwest that grain exchanges would probably be put out of business for the 'duration of the war. Trading was in September oats and on the first day there -were 25,000 bushels traded in at 50 cents. This rep- resents a successful effort extending over a period of years, and always here- tofore a failure. The Minneapolis Journal says: “At different times efforts have been made to start an oats future market here, but without success, though with no reason except that business would not come into it. There are many rea- sons why there should be an active oats market here and no logical or com- mercial reason why there can not be. It is just a matter of getting the busi- ness.” ; FLOUR TRADE SLACK In spite of activity in the futures wheat market, flour trade continues dull, as it has for much of the past few weeks. Statements that high prices for flour are due to hoarding by con- sumers are net borne out by the his- tory of the flour trade, which has been dull on a rising market. Jobbers have not jumped at chances to pay $17 per barrel charged a short time ago. At the close of last week Minneap- olis f. 0. b. quotations on flour in cot- ton sacks had dropped to: First pat- ents, $12.90-13.10; seconds, $12.70- 12.90; " first clears, $11.70-12.20; yellow cornmeal, $8.10-8.50; pure rye flour, $11.50-11.70. Shipments of flour last week com- pared with corresponding days a year ago were reported in Minneapolis as follows: : This wk. Last wk. Yr. ago Monday .... 59,099 52,234 84,523 Tuesday .... 53,970 55,325 36,283 Wednesday .. Holiday 62,305 29,451 Thursday ...115258 64,344 31,960 Friday ..... 37,009 53,161 37,155 Total .... 265,336 - 287,369 219,372 MINNEAPOLIS CASH WHEAT No. 1 Nor. | No. 2 Nor. Low | High | Low | High May 28 ........[2.57%2.6214(2.3214(2.471% May 29 ........|2.62 ]2.67 |2.32 |2.47 HHlAylseos P (eeaas .[2.52%4(2.5914)2.39142.4214 ..|2.581412.63%|2.3314(2.48% June 2 ........|2.36%5|2.20 [1.95 [1.91 MINNEAPOLIS WHEAT FUTURES > July | September High Lowingh Low. ay 28 ........|2.20 .16 .81 .76 ay 29 ... ..[2.25 [2.1514(1.8214(1.82 May 30 ... dy. May 31 ... June 1 ... June 2 ....e0 Grade No. 1 Northern No. 2 Northern No. 3; }I{Im;-ttrll]em No. orthern - 2.1714- 2.46 I e 14072 225 VEAL CALVES OFF $1 - Veal calves dropped $§1 for the week from a top of $13.76 at South St. Paul - 2.62 1.86 - 8.46% and dairy cows and feeders showed’ little speed. Dairy cows have been in. sgtrong demand for several weeks, the Markets for Farmers good ones drawing down $85 to _Slqbf"' but the demand fell off perceptibly for no apparent reason. Cattle speculators in the feeder and stocker division were shy of buying stock most pf the week, having on hand a considerable quantity which they found it hard to sell. Farmers are man- ifesting more and more hesitancy about buying cattle for fattening. There is too much®instability in the market. They do not know whether they would be able to get back first cost and feed, with both livestock and grain prices s0 erratic. Hogs dropped 25 cents the first ot the week below the close of the week before, but after rather dull sledding, regained most of it and were selling Saturday at around $15.50, with light- weights drawing $3 less. It was a poor week in sheep. ‘What the livestock market seems to lack to give it pep and drawing power is some assurance that farmers who buy stock to feed will get their money back. With feeder buyers coming in strong for all good finishing material, the packers are generally inclined to pay a better price for the close-to-the- line stuff; but when the feeder buyers hold off, the whole run is sluffed onto the packers, and they take advantage of it by putting down the quotations. THE LIVESTOCK TIDE Below is given a summary of live- stock receipts at South St. Paul for May, and the five months of the year, compared with last year: Cattle—43,400 head, a gain over May, 1916, of 1,260. Calves—=24,534, a gain over May, 1916, of 165. _Total cattle and calves received in the first five months of this year, 248,000 head, a gain over the first five months of 1916 of 82,000. Highest price paid for steers in car- loads for May, $12.75; highest price paid for carloads of calves, $14.25. Hogs—147,000 head for May, a de- crease of 77,500 below last year's re- ceipts. Total hog receipts for five months, 840,000, a decrease of 508,000 for the five months. Highest price paid for hogs in May, 1917, $16:10 (on one choice bunch); highest price for pigs during the month, $13.00. Sheep—2,500 for May, a decrease of 8,200 below receipts for May, 1916. Highest price on spring lambs for May, $17, on clipped lambs $15.50, on ewes, $12.75. REPRESENTATIVE LIVESTOCK SALES D Butcher Steers No. Animals Av. Wt. | Price 664 $ BiiTasisens GO0 o 7.25 2 A 1265 11.50 B Lo 1010 10.75 Sk 830 8.75 9 . 907 10.25 y BPRE 1190 9.25 bR S 1202 12.00 Butcher and Heifers No. Animals Av. Wt. | Price [T . 930 $ 8.50 2 1030 8.25 1 1100 10.00 7 954 00 % 1020 9.00 Economic Barometer The cotton crop is reported 70 per cent of normal against 74 per cent a year ago and 78 per cent in 1915. Great Northern Ore properties in 1916 showed a surplus available for dividends of $2,088,884, which is $1,032,- 800 more than last year. The net income for April on the Southern Pacific was $4,989,000, the highest ever attained by that road. Its gross earnings for the month were $3,000,000 over the previous month, $2,000,000 being in freight. Demand: for steel' and motor stocks was strong on the New York market. ‘“The market has reached a stage where it either.pays no attention to adverse news, or only hesitates; and on the other hand everything of a fa- ¥oprable nature is looked at through gasses ground in the shop of Optimism & Co.—Minneapolis- Journal. ¢ NINETEEN Leader Classified Department “THE FARMER’S MARKET PLACE” This is the place to advertise your stock, farm machinery, chickens, eggs, produce for sale and auction sales; to make your wants known and have them supplied. ®Best results come from Leader Classified Ads. Rates are 5 cents per word for the first time, and 4 cents per word for each succeeding issue. Half rates to members of the Farmers' Nonpartisan League when advertising to sell their own products or supplying their own needs. All advertising for sale of lands carry the full rate. ALL CLASSIFIED ADS MUST BE PAID IN ADVANCE Farms IMPROVED FARMS — FIRST CLASS improved agriculture lands almost level and some rolling more or less, running from $25.00 to” $45.00 per acre; all heavy black seil, in quarter sections and more and one piece only 2 to 6 miles from town. First class agriculture lands and pasture lands fenced with good lignite veins at $25.00. More or less rough pas- ture lands from $8.00 to $15.00 per acre. Terms from 6 to 10 years time for pay- ment, and 6 per cent interest, and only small down-payments. My commission for all services only 5 per cent in all cases. Write Carl Semmler, Stanton, N, D 160 ACRES IMPROVED Good quarter, 3 miles from_Cando. Towner County, N. D.; 115 acres cultivated, balance fine meadow and pasture, Fair buildings, good soil, grove. Price $35.00, mclud; ing half crop for quick sale. W, G. Miller Realty Co., Grand Forks, N. D. FOR SALE AT A BARGAIN, IF TAKEN - at once; one: good section of mixed farming land, about half tillable, bal- ance good grazing. All upland. -Loca- tion, Golden Valley county, western North Dakota. For particulars, write oN\vnleSr. John Blomstrom, Sentinal Butte, 300 ACRES IMPROVED LAND FOR sale in one of the best townships in the Northwest. Inside 4 miles from station, R. Route, churches and schools near by. $28 to $50 the acre. Write to farmer. Richard Stahr, R. 1, Anamoose, N. D CHOICEST MONTANA LAND, BY owners in tracts to suit. Low prices, easy terms. Holt Land & Cattle Co., g‘llrst National Bank Bldg., Miles City, Mont. FOR SALE—160 ACRES, IMPROVED, three miles to town. Geo. Greenup, Lansford, N. D. ' For Sale or Exchange TWO PERCHERON STALLIONS FOR sale or trade on good cheap land or may trade on good gas plowing outfit. Ages 3 and 13, weight about 1500 and 1900. Price $550 and $300. 'If interested write Henry Halvorson, Box 92, Sharon, N. D. ONE CASE 75-HORSE STEAM ENGINE 36-58 separator, One set John Deere 8-bottom plow breaker and stubble. Will take 1916 Ford in part payment or cattle. If interested, write. Martin P. Altman, Daglum, N. D. ONE THIRTY-FIVE HORSE POWER E. M. F. automobile in number one shape, One Mitchell roadster—a bar- gain_if taken at once. Write or call 311 N. P. Avenue or phone 2079. FOR SALE OR TRADE—MY CITY home in Grand Forks. All modern, convenient to. State University. Prof. James E. Boyle, A. C. Fargo, N. D. FARM LANDS AND LOANS, EX- changes, a_ specialty. Herbert Hodge, Fargo, N. D. Autos and Supplies REAL AUTOMOBILE BARGAINS. A manufacturer building several thousand automobiles, selling at $825.00, has six brand new 1916 models in storage in Fargo. Electric lights, electric starters, 30-inch wheels, 112-inch wheel base and are absolutely new. Will be sold for less than wholesale price at_ factory, with full factory guaranty and service arrangement. Address Box 813, Fargo, N. D. ONE OF THE LARGEST AUTOMOBILE distributors in Fargo has purchased, for cash, from the manufacturer, a small stock of well known four-cylinder roadsters, some with electric starter, and is able to offer them at consider- able less than §400. All cars brand new and fully guaranteed. Address Box 1034, Fargo, N. D. RADIATORS FOR FORDS. HONEY- comb type, guaranteed not to burst” from freezing. 1917 model with stream- line hood $35.00. Order now. Illinois Radiator Works, 421 Ft. Dearborn Bldg., Chicago, Ils. NEW GEARS FOR ANY MAKE OF CAR. 10 per cent 'to 50 per cent less than manufacturers’ list. Send old gears for duplication. Illinois Gear Works, 105 W. Monroe St., Chicago, Ills. Miscellaneous FOR FIRST CLASS WATCH REPAIR- ing at reasonable prices, send to H. Backer, 313 Broadway, Fargo, N. D. SAVE MONEY ON YOUR LUMBER bill. Write us. Pacific Coast Sawmill Co., Portland, Oregon. Farm Machinery FOR SALE—ONE 25 H. P. DOUBLE steam engine; one Austin Western Steel elevating grader; one water tank, cook car, 10x20; one 7-foot Austin ‘Western blade grader; 2-2% Y. D. Troy dump wagons; one road drag, all in good condition. L. B. 4, Rolette, N. Dak. FOR SALE AT A REAL BARGAIN: 1 10-bottom P. & O. plow all overhauled —looks.like new.. 1 30-H. P. Flour City Tractor overhauled. Ready to run. Our price will sell these quick. Write or wire now. A. L. Bishop & Son Com- pany, Fargo, N. D. J. I. CASE:'TRACTOR THRESHING outfit complete. Run about 50 days. Clyde Hardware Co.; Clyde, N. D. 25 H. P. GAAR-SCOTT STEAM EN- gine. 32 H. P. Reeve engine; both in good running order, Box 105, Leader.. FOR SALE AT BARGAIN, NEW 40-INCH .Irgut}lx) ereder. Heaton & i.ambert, Arena, .- Dak. Poultry ST s s, e hys oD e o e A R EGGS FOR HATCHING FROM YESTER- laid strain purebred Single Comb Whits Leghorns, $1.25 per 15, $3.00 per 50; $5.00 per 100, Eggs shipped in Bullis cartons all charges, prepaid. Fertility and delivery guaranteed. J. B. Kelly, Vanville, N, D. EGGS FROM PUREBRED WHITE PLY- mouth Rocks, $1.25 per 15; $5 per 100. gre%axd. /_S. ‘W. Seebrands, Northwood, PUREBRED _EGGS FROM BARRED Plymouth Rocks, $1.25 per 15, also limited number R. C. R. 1. Reds Kauf- man Windheim strain, $2.00 per 15. Mrs. J. C. Allen, York, N. D SINGLE COMB BUFF ORPINGTON eggs for sale, $1.25 per 15 eggs. Splen- dx‘d winter layers. Ernest Saville, Ridgeville Farm, Braddock, N. D. PEARL GUINEA EGGS FOR HATCH- ing, eighteen, $1.50. June .and July good time to hatch. G. Wm. Hickman, Bath, S. D. PUREBRED BARRED PLYMOUTH Rock eggs, $1 per setting of 15, $5.00 per 100, prepaid. Mrs. Chas. Beckman, Tolna, N, D. PURE BARRED ROCK EGGS FROM Bradley-Hawkins-McPherson strains, $1.25, §2.00 and $3.00 per 15. V. J. Olm- stead, Kempton, N. D, PUREBRED BARRED PLYMOUTH Roclk eggs, 15, §1.25; 50, $2.50; 100, $4.00. D. W. Coleman, R. 1, Ellendale, N. D, SILVER SPANGLED HAMBURG EGGS 15 for $1.50. A few baby chicks at 15 cents. Mrs. Geo. Lytte, Voltaire, N, D. PUREBRED WHITE PLYMOUTH ROCK eggs from first class stock, $1 per 15. Ole G. Rund, Veblen, S. D. LIGHT BRAHMA EGGS FOR SALE. 15 eggs, $1; 100 eggs, $5. C. S. Gransberg, Kempton, N. D, " PEKIN DUCK EGGS $1.25 FOR 12. MRS, Calet Ast, Milnor, N. D. Livestock A FEW PUREBRED DUROCS, EITHER sex, from excellent feeding stock, heavy boned, large type, good color, prolific strains. Two gills, Reference, First National Bank of Clark. James E. Pickles, Elrod, South Dak. ONE GRADED HOLSTEIN HEIFER, 3 months old; one graded Shorthorn bull, 7 weeks old, $25.00 each. One Duroc Jersey Boar, 3 months old, a good one, $16.00. Pedigree furnished. Chris Bahr, Almont, N. D, 31-32 AYRSHIRE BULL, 11 MONTHS. First check $§50.00 gets him. Others Younger. Fine animals. Just the thing for Dbeginners. R. C. Zimmermann, ‘Wimbledon, N. D. DUROC JERSEY PIGS OF APRIL FAR- row from two-year old sows at $16.50 each. Pedigrees furnished and satis- faction guaranteed. Jens Molvig, Bux- ton, N. D. FULL BLOODED HOLSTEIN BULLS. Fine backing. Phote and description sent on inquiry, Westley Farm, Coop- erstown, N. D, FINE FULLBLOODED DUROC JERSEY Spring Pigs, either sex. Can furnish Rgngs, Westley Farm, Cooperstown, et e R I e R B P T S FOR SALE—FIRST CLASS SHORT- horn and polled Durham bulls. H. A, . Strutz, Thompson, N. D. Wanted OLD AUTO _TIRES, METAL AND other junk. Send for price list. M. A, Naftalin, 320 Front St., Fargo, N. D. OUR LEADER FILES ARE SHORT, the issue of March 29th. Mail to Man- ager, care of Nonpartisan Leader. WANTED TO RENT A QUARTER OR half section farm. Joe Kingsley, Melette, South Dai. Seeds z GENUINE GRIMM ALFALFA SEED, 95 per cent pure.. Grown from seed cost- ing 80 cents per lb. F. O. B. Florence, S. D., 40 cents per Ib. H. S. Thomas, Florence, S. D. HOME GROWN GRIMM ALFALFA FOR:' sale. Tested .99.7 at experimental sta- tion. 40 cents a pound, f. o. b. Rhame. Monson Bros.,, Rhame, N. D. Coffee and Tea COFFEE! 'BUY DIRECT FROM JM- Eoners. Tea! Save 33 1-3 per cent to 0 per cent. Write for orice list. Frank &Co., 858 River St. Chicago, Ill. ~+ Dogs and Pet Stock ENGLISH .SETTER PUP FOR SALE. Inquire J. Schipke, Roscoe, N. D. Help Wanted WANTED MAN TO SHEER SHEEP. R. H. Inks, Glenburn, N. D. Shorthorns 4t A o \ Edgewooc Stock Farm QFFER> FOR SALE 50 head of reg ed Shorthorn cows and heifers. o a few registered Shorthorn- bulls. Chesebro Smith, Prop. | Reference: First Nat’'l Bank of Fargo, Leader “Classified” i Ads Pay. Ment:on I;éade;' x;vfien wflting ,a.dv?rnvs.t'ar \ ! § e n