The Bismarck tribune. [volume] (Bismarck, N.D.) 1916-current, 1929-02-01
TRADE Held LIKELY
70 ADVANCE OR HOLD
IT'S PRESENT PACE
Chief Trends Are Continued
Steel and Iron Strength;
= Building Slows Down
IN AUTOMOBILES
Nheat Expected to FIuctuate in
Narrow Range; Hogs Due :
to Rise on Low Supply

- The year 1928 appears to have
|s-ended in the advancing phase Of the
|1s,business cycle with the general ex-
pectation that during the next few
II months business activity will either
at its present level or advance
s~somewhat further. The chief trends
TO date are q continued strength in
the iron and steel industries and per-
maps for expansion in automobile pro-
auction but slowing down in build
ing activity as measured by contracts
awarded during November and De-
|tember to level below that OF 1927
-, Wholesale market prices have con-
'tinued the declines which set In dur
s~3ng the latter part Of September, from
an index Of 154 during the second
week Of September to lat Dec. 81
The index Of farm prices Dec. Is re-
manned unchanged at 1874 or points
. ~sSower than a year ago. The estimat-
I'D index Of crop prices In North Da-
kota now stands at LOG while the
Index of livestock and livestock prod
s-llcts prices Is 158.
2:: Wheat
- Present indications are that wheat
prices will probably continue to fluc-
S&tuate within rather narrow range
@Siuring the next few weeks and It
also seems likely that some further
increases may be expected during the
next two months. The course of prices
Tor the remainder of the year, how
Ever, will be largely dependent upon
the outturn Of the Argentine crop
Ind upon the progress OF winter
wheat in the United States.
- The world crop. exclusive Of Rus
0ia and China, Of $3.50 900 900 bushels
thiS year Is about the same size rela-
tive to consumption requirements as
13he 1023-1024 crop OF 3,51l 900 900
bushels. The larger crop In the
United States this year, together with
the location Of the crop. has resulted
In the visible supply mounting to UNI
usual heights and 1t should be borne
In mind that this does not indicate
That the world supply situation is es-
s-oentially different than in 1923 in
.3egard to its most significant fea-
~-sures. Protein premiums showed q
tendency to rise early in January.
@~rhe average price received by pro-
ducers in North Dakota for all wheat
amounted to cents per bushel. The
estimated averages price Jan. is was
90 cents per bushel.
80 Flax
~ Production of flaxseed in the north
ern hemisphere is now definitel-, fore
lasted well below last year. Estimates
from 10 important countries show q
-~14 per cent decrease. The average
price received by producers in North
Dakota amounted to 500 Dec. IS,
~1028. The estimated average price
Jan. Is was 1910
- Feed Grains
- An increase Of 10 per cent over 1927
is shown for the combined production
IN the United States OF the three i'm
~ ortant feed grain crops, corn. oats
and barley. Barley shows an increase
IN production In the United States
Of about $4,000 900 bushels over that
-pf q year ago, corn increased 121 ,OO0,-
go bushels. and oats 269 900 900
bushels.
~. Sweet Clover and Alfalfa
- It IS estimated that IS per cent of
The sweet clover seed crop has been
lOld by growers up to date, but in the
main sections Of Minnesota and North
Dakota IS per cent has moved COM
pared to IS per cent q year ago.
:. rtces to growers for sweet clover
continued to advance during Decem-
Der. In North Dakota prices have
4Anged from IS to S., and averaged
- $50 per hundred pounds basis clean
eed. about the same as year ago.
Italia seed prices have averaged
bout IS per hundred pounds higher
a han last year. Production in 1e28
sSgas about 40 per cent smaller than
In 1877.
.le Potatoes
& Potato production is now estimated
s|-nt 462, 643, 900 bushels. the largest crop
Epn record, and compares with 402 TAI :
200 bushels in 1927 and q five-year
verage, 1922 to 1926, Of 800 IT'S GOO
uShels. Growers Of early potatoes
k{eport intentions Of decreasing their
pcreage % per cent. The average
rice received by potato growers ia
forth Dakota. Dec. Is, amounted to
cents per bushel and the average
IAN. IS was So cents.
- Cattle
90 The usual seasonal price decline on
Detter grade beef cattle from January
IL May seems probable for this year.
While total slaughter Of cattle during
1he next few months viii probably be
no larger than for these months Z
x3eaT ago, the supply Of grain finished
zeattle Will probably be larger. While
The price Of the lower grades re-