The evening times. [volume] (Grand Forks, N.D.) 1906-1914, 1912-09-24
HIGH RECORDS
FOR THE YEAR
Stock Market Very Lively
Today-Best Prices in
the Last Hour.

high records for the year were estab-
lished on the stock market today.
United States Steel and Amalganated
Copper touched high marks with
other issues of less prominence. Trad
ing was again heavy. though under
last Fridays total: but the rise was
several times checked by obvious pro-
tit taking and further bear opposition.
has been largely eliminated. however.
and no small part of today's advance
may be reasonably attributed to out
side origin or investment demand.
The market derived some o
agement from last Saturdays rela-
further gold engagements abroad.
$2.50O.0 900 being taken in London.
Other news of the day contributed to
the movement including an announce.
ment of an advance in big iron and
advices from the west which dealt
with the traffic ,%situatio: Apparently
the movement Of freight for the next
few weeks will be limited only by the
available supply of railroad equip
ment and shippers Of general mer-
chandtse are complaining Of discrim.
ination by the railrads in favor Of
cereal shipments.
Best prices were scored in the last
$1,000 ~AAAaA6oIAdSCU ACtAuAlA9 TIC El60
to the accomplishments Of reports
from Boston that copper was selling
there at q fraction over 10 points the
pound. Equipment issues and the
Hill stocks also were in demand but
Reading and Lehigh Valley were un-
der slight pressure. Call money opens
ed at 3-4 per cent with a slight in
crease Of supply. Time money rates
fell back slightly on the improved
banking position and lighter demand.
Acceptances OF commercial paper
were larger. western institutions alb
sorbing a considerable volume.
The bond market was broader and
lative issues being largely traded in.
$2.460.O 900.
United States IS declined Ia per
cent. the as advanced Ia and the
Panama So 1 1-s.
FLAxsEED IN TENDER POSITION
Sept. IA. 1912-The government
September crop report shows a slight
decline In flax conditions as compar-
ed with the August report. Final pro.
duction is estimated $4,000, 900 BUSH
els. With an average consumption Of
25.O0O.000 to &c. 1000. 900 bushels, with
stocks of oil and oil products limited,
unless we have more than 49, 0O. 900
oNCAASAo ~ 4Aldy ne ItllC 10 give SOME
thought to the situation.
The Canadian crop seems to be
c~onservattvely estimated at 49, 900. 900
bushels land this is within reach at a
price. The October is quoted about
$1.60. Deduct 20 cents duty, about rs
cents freight and the Canadian farm
er would get about $1.25 for his dax,
and for January about 10 cents less.
1t Is quoted in Europe at $1.S5 to
$l.95 for October-November and UNI
less the foreign price declines, or the
United States price advances. we must
not xpect much of the Canadian fax
before the close Of navigation. Oil
on the continent shows practically
no decline IN the quotation to De-
cember. Our new crop prices are
quoted from so cents to 81 per BUSH
Ell lower than on the two past crops.
Receipts to date on this crop are
much below any crop We ever had.
Our flax harvest has hardly begun.
The fields are in fine condition, but it
was much later than this that the
rains and SHOWS last fall injured the
crop and delayed its movement. Oil
can now be bought in most markets
for about so cents for winter delivery
In cooperage,
Ihere are neormous crops of wheat.
oats and barley in the northwest cut
and In the fields awaiting threshing
and movement to market. Cars ara
sure to be scarce and under these cir
cumstances farmers will postpone the
harvesting of flax. Our secretary on
a shooting trip the past week in
northwestern Minnesota. saw twen-
ty or thirty fields Of fax all about
ripe and none cut. Parties shooting
this week in the northern counties
Of Minnesota report flax looking fine.
none cut. and two weeks of warm
weather needed to ripen some Of it.
Thursday and Friday rains covered
most of North Dakota. delaying farm
work. Our Canadian letter of the
18th does not speak cheerfully Of the
flax prospect. OF course there will
be a sharp increase in receipts. but
as September arrivals are still quoted
10 to ~ cents over the october-No-
vember. this indicates that there will
be little or no flax to go east in Sep
TENDER. and will there mo- be very
urgent eastern buyers for the October
and November.