The Nonpartisan Leader Newspaper, November 1, 1917, Page 16

i Y ADVERTISEMENTS Promot B T TR N T8 3 Interest R S S 3 T R T e e ] N AIVIGEF, i e iin, o g A o 90T i o By Becowming a Stockholder of A Northwest SEEOET s TR You Will Create Your Own Live Stock Market Approved By All Farmer Organizations The Equity Co-Operative Packing Co. Authorized Capital $1,000,000 Fargo, North Dakota P. M. Casey, Pres., Fargo, N. D. Ti. C. Hbopman. Mgr. and Sec'y. Wm. Olson, Treas., Valley City, N. D. EXECUTIVE: P. M. Casey, Fargo, N. D.; J. C. Leum, Mayville, N. D.; D. C. Lindvig, ¥argo, N. D. fiIRECTORS: Anthony Walton, Minot, N. D.; Lewis Altenbernd, Sabin, Minn.; J. C. Bergh, Hendrum, Minn.; A. E. Walley, Velva, N. D.; C. D. King, Menoken, N. D.; Wm. Olson, Valley City, N. D. CONCORDIA COLLEGE SHORT COURSE EIGHTEEN WEEKS Begins November 20 and closes March 30 Total cost for instruction, good board and room and all fees—$125.00. New classes start in Bookkeeping, Shorthand, Typewriting and other Com- mercial Subjects. Algebra, English I, Manual Training, Domestic Science, Drawing, Norse I, subjects leading to High School credits will begin at that time. Review courses in Grammar, Arithmetic, Spelling and other grade subjects. Great opportunity to study Piano, Voice, Pipe Organ, Violin, Band Instru- ments under teachers with years of Buropean training. Public School Music Courses permitting graduate to supervise teaching of public school music. ; Term begins Nov. 20, Write now for catalogs and special information. CONCORDIA (COLLEGE. ‘Moarhesd, Minnesot: VEE] TERD G G G DR R MRS DR GO e N Y omn B e G 3 T T U O R | First Class Cafeteria in Connection. POWERS HOTEL E FARGO’S ONLY MODERN FIRE PROOF HOTEL E Hot and Cold Running Water and Telephone in Every Room B [ 3 On Broadway, Cne Block South of Great Northern Depot FARGO, N. D. Bom v mar Ban G oo e 6 I A N (S R (R PR O G B P pew) e PR REw R bae) . FARMERS AS BANKERS WesternHide &FurCo. | || e oo seconts i N. D Checking accounts, insurance. 301-303 Front St., Fargo, Open Saturday evenings. Pays the highest prices for Wool, First Farmers Bank of Minot. Hides, Delts: Furs and Tallow, FARM LOANS AND CITY LOANS Write for Price. List ¥ THE SAVINGS LOAN & TRUST CO. Sons of Norway Bldg. Minot, N, D. Mention Leader when writing advertisers PAGE SIXTEEN e e T LI ATT AT~ TR W T T TN BTV o Grain Elevators Put On Bank Basis (Contintv.d from page 13) wheat and other grains—these are other hits of information that will be officially available hereafter. x Under authority of Senate Bill 314 introduced by a Nonpartisan league senator last winter and put through against the opposition of nearly every old gang senator, not only the uniform grading of grain is provided for, but accurate accounting. I‘red M. Schulz, chiel elevator accountant for the rail- road commission, has designed the new form to be used in rendering this ac- count and the first lot of these forms has been received by farmers’ and old line elevators. It took several months of study of conditions to design a form that would give the essential information, but this has now been accomplished, it is be- lieved. Nothing like it, so far as can be learned, has ever been devised in the United States, but its usefulness is at once realized when one considers that more of the wealth of the state goes through the elevators than goes through the banks. Accountants will have authority un- der this new law to inspect all hooks of elevators and determine as fully as | bank examiners determine what is done with the producers’ wealth that they handle. Where conditions war- rant, the additional bond for security of storage ticket holders will be asked, and it will prevent the failure of ele- vators for such reasons as have usually caused them to fail. The first irre- gularities will be noticed, discrepancies showing wup in these account sheets when they are checked every three months against other sheets from the same elevators, or at least, when visit- ed by the accountants. No elevator manager will have a chance to specu- late very far, as some have done honestly but disastrously, for there is a special part of the form in which hedging and future trading must be reported. Elevators will also have to list all insurance policies in force, and the amount of their bonds in force at each accounting. “OVERRUN” WILL BE EFFICIENTLY CHECKED After these reports have been in use for a year or two they will begin to yield up some valuable statistics, and give directions for further develop- ment of the laws relating to grain grading and shipping. They require first, an actual inventory at the begin- ning of the crop year, of all grains in the elevator. They require the eleva- tor manager to list all grain for which spot cash is paid, separately from grain in storage, which he buys later; all that he has in transit, and that upon which he has received retarns. It is well known that many elevators “overrun”, that is they have more grain to sell than they actually buy, due to weighing light and undergrading when the grain is purchased. In some cases mills operated in connection with ele- vators, give a chance for the elevator to turn this “overrun” into highly valuable products. Under the new ac- counting system a place is provided where the elevator is compelled to list all grain weighed out of its bins for grinding purposes, so that there will be no opportunity to “absorb” this ex- tra amount of grain for which farmers get paid nothing and consumers get charged the going prices. In the long run these reports will give a complete birdseye view of the grain business of the state, the amount of it, the ratio of the different grades to thetotal production, the prices paid at local places, the amount of hedges against it, (that is if hedging is ever restored in wheat) how much the farmers store, and how much they sell for spot cash at harvest time; when the bulk of the held grain is ordered sold; how it is docked and graded at termi- nals (for this information comes back to the points of origin even though .the grain be marketed in the Twin Cities or Duluth), and how well the growers’ interests in this vast crop are pro- tected by insurance and liability bonds. There are about 2100 elevators in North Dakota, In the first congres- sional district there are about 700, and the distribution of the reports is made by districts so as to equalize the in- spection’ of them when they get to headquarters at Fargo. The first re-. ports are due for return on November 30 Hello Central, give me the St. Paul Dispatch office. This you Bill? Well, this is Norm. Say, got any ideas in stock? I'm plum out, scarcely have enough to satisfy the retail trade for this one day. What did you say—said you'd get a shipment to me tomorrow? All right Bill—T'll get along today some way—can clip from the New York World, if necessary. Good-bye, Bill. ~ LBl T ADVERTISEMENTS HEALTH When you feel your nerves com- pletely wrecked, frequent head- aches, bad heart action and short of breath, go to the Cox Sanitar- ium. We have helped others to renewed health and strength. We specialize in nervous diseases. Come and see us or write us. CUOX SANITARIUM Dr. C. W. COX, Mgr. 101 8th St. South. FARGO, N. D. Send us your Battery for winter stor- age. Our charges are lowest and we guarantee our work. Also repair magnetos, generators, etc. Get our prices first. A. L. BISHOP & SON CO. Fargo, N. D. LET’S DRESS UP It costs no more to have an up-to-date suit than a poor sloppy ill-fit. Order one from us and be a well dressed man. Our $18.00 suits and overccats will make you look and feel right. Better suits at $20, $25, $30, $35 and up. Come and see us or write for samples. Three hundred patterns to select from. Hagen & Olson FARGO, N. D. Rf&“fili,&:i‘fiafis SERVICE TIRE CO. B WADE H. MURRAY, Prop. 419 N. P. Ave,, Fargo, N. D. Tire Repairing and Vulcan- izing. All work guaranteed. Subscribe for the FRAM The oldest Norwegian newspaper in the state. We are advocating ‘the farmers’ interests. Send us $1.00 for S‘)Lmonths’ subscription. You will like FRAM Ulsaker Bros., Publishers. Fargo, N. D, a Month That is what A, B. C. students get on completing their course. Olga Krogh, Bertha Haas, Mabel Ward, Sarah ‘Weiss, J. Krogen, Karen Albertson, Walter Mad- dock, Jas, Sundet—eight A. B. C. stu- dents—have just been placed. in good positions. Because of new methods used, ‘“‘you finish in less time at Aalker’s.” ‘Why not get our general or Auto and Tractor %a.tfilog now? A, B. C., Fargo or Grand Porks. ; A GOOD SCHOOL Experienced teachers, modern appliances, thorough courses: Bookkeeping, Banking, Shorthand, Typewriting, Civil Servica, Preparatory. The only business college that guarantees satisfactory work or re- funds tuition. Our demand for office help exceeds the supply. Write for catalog today. s 2 INTERSTATE BUSINESS COLLEGE Sons of Norway Bldg., Fargo, N. D. W. H. Bergherm = Props. O. C. Hellman Mention Leader when writing advertisers e a %