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The Bismarck tribune. [volume] (Bismarck, N.D.) 1916-current, 1932-12-12

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The Bismarck tribune. [volume] (Bismarck, N.D.) 1916-current, 1932-12-12

\ anted to Buy
WANTED-Used wheel chair. Write
p. o. Box LAG, Wing, N. D.
The Bismarck tribune. [volume] (Bismarck, N.D.) 1916-current, 1932-12-12
Grain Quotations
MINNEAPOLIS RANGE

MINNEAPOLIS CASH GRAIN
Minneapolis, Dec. 12.-(P)-Wheat
receipts Monday 1T compared to lat
The Bismarck tribune. [volume] (Bismarck, N.D.) 1916-current, 1932-12-12
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The Bismarck tribune. [volume] (Bismarck, N.D.) 1916-current, 1932-12-12
Houses and Flats


FOR RENT-Dec. 18th. Nicely fur
nlshed sleeping room. Suitable for
one or two. Also for sale, a NINA
ture Majestic range. Ideal for
childs playhouse as a Christmas gift.
Al West Thayer. Phone $751;.
Evening star., 1932-10-20
STOCKS.
PUBLIC UTILITY.
NATIONAL BANK

The following figures are not bids, but
merely represent minimum prices n%eo py
the Washington Stock Exchange.
Evening star., 1932-10-20
Grain Market
By the Associated Press.

By the Associated Press
CHICAGO, October 20-Influenced
by discrediting of rumors Of big credit
sales of United States wheat to China,
grain prices underwent an early set
back today. Comparative weakness of
securities was also bearish factor.
Opening Aala cent down, wheat aft
erward declined further Corn started
unchanged to 4 of and continued to
sag.
Adding to bearish SCI ment among
wheat traders was a W -nipeg report
that 1872, 1928 900 bushels of Canadian
wheat had been delivered by farmers
this season, 49 per cent of the market
able crop, against 1899 900 a year ago.
Notice was also taken of cable advices
that Southern Hemisphere wheat. re-
sponsive to favorable crop prospects,
had declined as compared with North
American. 1t was likewise noted that
domestic prices of wheat in Germany
and France were still lower, with re-
ceipts heavy on account of bountiful
crops harvested. On the declines
price, wheat soon went IL cents under
yesterdays finish, and all deliveries of
corn reached new bottom quotations
for the season, December corn the low
est since 1897
Wheat equaled the seasons minimum,
December contracts touching 4734 cents
bushel. Stop loss selling orders were
automatically forced into operation be-
fore the market received sufficient sup
port to bring about rallies. Many of
yesterdays buyers of wheat made haste
to let go of their holdings. Corn and
oats weakened with wheat
Provisions were steadied by hog mar
ket upturnS.
Evening star., 1932-10-20
CURB SHARES MOVE
TO LOWER LEVELS
Recessions in Commodities
Exert UnfavorabIe Influence
Upon Market.
BY JOHN A. CRONE.

Special Dispatch to The Star.
NEW YORK, october 20.-Stocks
drifted narrowly lower in quiet trading
today on the Curb Exchange. Moder-
ate recessions in commodities Offset a
small number of favorable earnings and
other business reports as market factors.
At the start, Electric Bond g. Share
was turned over actively-accountfn
as a matter of fact, for much of the
early trading-just above its previous
closing level. BY midday it was of
fractionally. American Gas g. Electric
was also active and for a time was
higher on the day. Later 1t also re-
lapsed. Most utilities followed the lead
of these two. Tampa Electric. which
was firm, declared the regular quarterly
dividend Of Sc cents on the common
stock.
In the store stocks, H. c. Bohack was
neglected despite declaration of the
regular dividend of 62l2 cents on the
common. Great Atlantic & Pacific Tea
advanced over points at one time.
The company is expanding its activities
in the New York area.
InduStrials generally were steady to
slightly lower. Aluminium Co. Of America
rallied after losing several points. Swift
International had an initial gain. United
Shoe Machinery eased Minneapolis
Honeywell Regulator reported net in
come Of S44l,109 for the year ended
September 80, against s630,070 in the
year ended June 80. Cuneo Press de-
clared the regular quarterly dividend OF
6212 on the common.
Cities Service was dull around 3l2
Standard Oil of Indiana was fractionally
higher, mirroring a reduction in re-
f1ners' supplies. Pennroad sold under
50 a share following filing of receiver
ship application. Motor shares were
quiet, with Cord of fractionally.
Evening star., 1932-10-20
OF MOTOR
TARIFFS WATCHED
Agreements Among Dominions of
British Empire May Affect U. S.
Automobile Interests.
py the Associated Press.

Py the Associated Press.
DETROIT. October 20.-American
motor manufacturers are watching with
interest the effect Of actual application
of the new tariff agreements entered
into by the Imperial Trade Conference
in Ottawa last Summer.
The terms under which British-made
automobiles may be brought into the
Dominion of Canada to compete with
cars made in the Dominion by Ameri-
can producers are bound to have some
effect upon the activities of these pro-
ducerS. Unless British makers plan to
produce special type car for the Ca
madam market, however the trade here
believes the effect will not be of serious
consequence to the business of Ameri-
can producers in Canada.
In the main the British-made auto
mobiles are of extremely low horse
power rating, due to the heavy tax on
motor cars in England and the Conti-
nent generally. Pointing out that so
far as the type of car and its power
plant are concerned. the Canadian mar
ket demands practically the same kind
of automobile as does the American
trade. most trade authorities feel the
importation of British-made automo-
biles into Canada will effect the do
mestic market there in about the same
ratio as the American market is effected
by the importation of European-made
cars.
Evening star., 1932-10-20
COMMODITY PRICE
UPTURN CONTINUES
Advance in September Is
Held Encouraging by
U. S. Observers.
BY the Associated Press.

BY the Associated Press.
An encouraging feature Of consider
able importance Is contained in the
latest Department of Labor's commodity
price index. which shows an upward
tendency in the price Of raw materials
during the month Of September.
While the advance amounted to only
one-half Of l per cent-standing at
b6.2 as compared with 55.7 the month
before-the movement is hailed in Gov
ernment economic circles as being one
IN the right direction, seeking as it does
TO close the wide gap between prices
OF raw materials and those Of finished
products. The index is based on 1926
levels as 100.
Disparity in Prices
These two groups have offered a
wide disparity in price levels during the
last few years. Using July, 1882, as a
base, the departments chart shows that
the prices Of raw materials have de-
creased 42.9 per cent, while those Of
the finished product have dropped only
27.4. The raw material index Qe26
equal 100) declined from 99.1 in July,
1929, to 56.2 in September, 1882. while
the finished goods price index fell from
978 to 704 during the same period.
Competent authorities insist that If
the price Of finished goods had par
alleled the decline of raw materials,
Evening star., 1932-10-20
BONDS IRREGULAR
ON FAIR TURNOVER
Junior and Speculative Issues
UnsettIed-Prime Group
Higher.
BY F. H. RICHARDSON.
Special Dispatch to The Star.

Special Dispatch to The Star.
NEW YORK, October 20.-Bonds
were irregular today. Junicr and spec
ulative issues reflected the unsettlement
in stocks, while high-glade bonds con-
tinued firm or moved higher. Trading
was in moderate volume. Foreign dol
lar loans remained firm.
The market opened with Steady
tone, but early declines in wheat and
cotton brought selling in Junior bonds
and many issues that had opened higher
dropped to net losses. In the railroad
list this pressure affected Erie refund
ing IS. Rock Island refunding 4S. MIS-
souri-Pacific 5l2s and Frisco prior hen
As. Among industr.als there were
losses in National Dairy Products 5l4s,
McKesson & Robbins Sis and United
States Rubber SIS.
There was, however, a brisk demand
for industrial bonds of a more seasoned
nature, particularly those OF steel COM
panies whose prospects appear gooo;
Youngstown Sheet & Tube 5S gained
nearly 2 points. Vanadium 5s, Whcel-
ing Steel 4I9s and National Steel 5s
were in demand. Other industrials with
a better tone were Phillips Petroleum
Sis. Sinclair Oil rs. Goodyear IS, Dodge
Brothers IS and Armour OF Delaware
5l,s. American Smelling q Rehnlng
SIS lost a point.
with a scarcity of medium-g grade
utility bonds-those yielding from To
5.25 per cent at current prlces-there
was some marking up OF bonds IN this
and classes Just below. Columbia Gas
e. Electric is, North American Edison
SIS and others were marked up.
American Telephone IS, now the un-
questioned leader of the prime market,
we're fractionally higher. Consolidated
Gas 51as, New York Telephone AS
and the best of the rails, such as Nor
folk & Western As, AtchiSon general
Is and Burlington As, were all frm
Standard Oil Of New Jersey IS and
General Motors acceptance IS were
unchanged.
United States Government long
term issues 5teadied after opening mar
rowly lower Treasury notes and GER
tificates continued in heavy demand
The latest batch of 9l-day bills. S8O,-
600 600 in all, is expected to set an
other new record for cheap borrowing
on the part of the Treasury.
The foreign list was benefited by the
easing of the pressure on sterling,
which today was supported around wed
nesday's closing levels. Canadian eX-
change was fractionally better. There
were firm prices for Great Britain . t2s
and Canadian government issues "llle
Australian government issues recovered
part of yesterdays losses.
European bonds generally were marx
ed up slightly. Poland reduced ltS panK
rate, an exhibition OF improving con.
fidence that was reflected in prices OF
Polish rs and 8s. South American
bonds continued heavy. Recent buying
in defaulted South Americans. currently
selling at prices less than their coupon
values. has been attributed to the gov
ernmentS concerned.
Evening star., 1932-10-20

then the unsatisfactory economic con-
ditions now prevailing would not have
reached their present intensity because
the purchasing power Of farmers and
other producers Of raw materials would
have been less extreme, In other words,
the lower income accruing to- farmers
and producers of raw materials would
have been Offset by the similarly lower
prices they would have had to pay for
the finished goods they bought.
Further, the producers of raw ma
terials would not have been forced to
economize on their purchases, which
would have permitted the producers of
finished goods to maintain their work.
ing forces and pay rolls, thus adding
employment and restoring the pur-
chasing power Of the Nation.
September Averages.
The September averages for raw ma
terials, semi-manufactured acticles, non
agricultural commer '-s and all COM
modities other ths rm products and
foods We're above those for August, the
Labor Department said, with increases
ranging from three-tenths of per
cent in the case Of non- agricultural
commodities to nearly per cent in the
case Of semi-manufactureda articles. Fin
ished products declined about one-half
Of l per cent during the month.
Evening star., 1932-10-20
Small Market Expected.

NEW YORK. october 20 (SpeciaD.-,
Opinion again today was that the stock
market would be of small proportions
and limited in its price fluctuations SO
long as the political element remains q
dominating influence. 1t is belleveo
there may be some breaking away from
this factor week after next, when the
Judgment of political observers as 10
the outcome OF the election Will pc even
more positive than it is today. There
is no effort at leadership in markets for
securities or for commodities. Both are
being allowed to drift. Professional
operations represent well over rs per
cent of those listed from day to day.
Brokerage Offices that were filled with
customers in the early part OF Septem-
ber now have a few scattered clients
Houses with private wires are again
complaining about their high overhead
Evening star., 1932-10-20
Electric Company Earnings.

NEW YORK, October 20 (SpeciaD -
Earnings Of the two leading electrical
companies, General Electric and West
quarter show that General Electric
earned 7 cents a share on its common
stock, while Westinghouse Electric had
loss of s2,715122. The safes billed by
General Electric for the first nine
months of the year were As per cent
below those of year ago and those of
Westinghouse Electric about 33 per cent
lower. The management of Westing-
house Electric takes an optimistic out
look of the situation and emphasizes
the fact that I'VE are definitely going
toward better times rather than away
from them"
Evening star., 1932-10-20
Copper Sales.

NEW YORK, October 20 (P.-Cop-
per sales in the export market were re-
ported made this week at as low as $50
to SOS cents a pound, but late advices
from abroad indicate that the larger
producers are holding at the established
level of SIS cents. Domestic sellers
continue to ask Ga cents, which the
trade considers a nominal price. Buy
ing in both markets is extremely light.
Evening star., 1932-10-20
New York Cotton
Special Dispatch to The Star.

Special Dispatch to The Star.
NEW YORK, October 20.-Cotton
prices were unchanged to points low
er at the opening of the market today.
Commission houses were sellers in dis
tant months.
Opening prices were: December, 63e,
of l; January. 643, off 5; March, 65l,
unchanged; May, $50, off 2, and July,
6.66 of T.
Evening star., 1932-10-20
Washington Stock Exchange

SALES.
Washington Gas 5s-Sl 900 at 10l12.
Washington Gas IS "A'-Sl, goo at
99$4.
AFTER CALL.
Georgetown Gas 5s-S5, 900 at lOl%'
$4,000 at 1913, $500 at 1Ola4.
Washington Gas 6s "A"-Sl00 at 9914.
Potomac Electric Cons. $1,000 at
Evening star., 1932-10-20
Steel Rail Order.

NEW YORK, October 20 (R.-Nor-
folk g. Western Railway is ordering S.
900 tons of steel rails, four-fifths of the
volume going to Carnegie Steel Co. and
the remainder to Bethlehem.
Evening star., 1932-10-20

i new version of Don Quixote" is
being filmed near Grasse, France.
Evening star., 1932-10-20

Dividend rates IN dollars based on last
dividend. tPartly extra. .Plus AZ in stock.
Payable in cash or stock Payable in
in stock Plus 81 in stock. h Plus -
in stock. Plus ~ in stock. Plus l0se
in stock. N Plus 80 in stock. Plus sc in
stock. o Paid last yaar-uo regular rate.
Evening star., 1932-10-20
PARIS BOURSE PRICES.

PARIS. October 20 (R.-Three per
cent rentes, 80 francs 40 centimes. Five
per cent loan, 90 francs 80 centimes.
Exchange on London, So francs II
centimes. The dollar was quoted at
25 francs 42 centimes.
Red Lodge daily news combined with Carbon County news., 1932-10-05
HOOVER SCORES
IN FIRST TALK
Sound Statements on Farm
and Foreign Affairs
Are Features

Described as zone Of the most
vigorous speeches of his career,
the address made by President
Hoover last night at Des Moines,
Ia, was heard by millions of radio
listeners as well as the thousands
that he swayed in the Des Moines
coliseum. Local radio reception
was good, and many listened to the
first big shot in the presidents
campaign for reelection.
New suggestions of turning war
debt payments to the aid of agri-
culture were advanced by the pres
ident. He also pledged himself to
work for repeal of the farm board
sterilization powers, promised to
support a greater tariff protection
on agricultural products when
necessary, and advanced new
plans for easing the burden of
farm mortgages.
Red Lodge daily news combined with Carbon County news., 1932-10-05
MOONEY TO MANAGE
SCOTT LEAVITT CLUB

Great Falls, Oct. 4--(Special)-
Appointment of Guy Mooney, Bill
lings newspaper man, as campaign
manager of the Leavitt-for Con-
gress club, has been announced by
Charles Davidson, Great Falls at
torney and president of the organ
ization.
Mr.. Mooney, for several years
secretary to Congressman Leavitt
and prior to that on the staff of
several Montana daily papers, has
taken charge of the work, sharing
headquarters with the Cascade
county Republican committee here.
He said his group will function in
close cooperation with the Repub-
lican state headquarters at Hell
ena and the 80 county organiza-
tions of the second congressional
district.
Mr.. Leavitt expects to leave
within a few days on a speaking
itinerary which will take him in
to all parts of the district he rep
resents in congress. He will speak
at a rally at Roundup on October
7 and will introduce Vice-Presi-
dent Charles Curtis at Billings on
the 10th. Lieut.-Gov. Frank A.
Hazelbaker, party nominee for
chief executive of the state, will
preside at the Billings rally.
Red Lodge daily news combined with Carbon County news., 1932-10-05
S. v. STEWART IS
A VISITOR HERE
Montana S War Governor Is
Candidate for Justice
of Supreme Court

Samuel V. Stewart, former gov
ernor of Montana who is visiting
various towns in the state in the
interests of his campaign for cleo
ton as associate justice of the
supreme court, was in Red Lodge
Monday and Tuesday, renewing
old acquaintance and making new
friends in this city.
Mr.. Stewart is remembered as
Montana's war governor, as he
held the gubernatorial post for
two terms, from 1913 until 1921.
1t was during his administration
that Judge S. c. Ford, also a can
didate for the supreme court this
fall, served the state as attorney
general.
In the primaries last July Mr..
Stewart led the whole Democratic
field, as Judge Ford led the Re-
publican ticket for nomination.
Judge Ford, who has served a
four-year term on the supreme
court, having filled the place of
the late Justice Holloway, is seek
ing reelection in November.
Ralph ]. Anderson is the other
Democratic candidate for one of
the two justice positions, Albert
]. Galen is the second Republican
nominee.
Red Lodge daily news combined with Carbon County news., 1932-10-05
UNIT B CREW is
ON PLATEAU TOP
With TOTE ROAD
Highway and Bridge Work
Progressing on Rock
Greek Sections

Machinery of the McNutt &
Pyle company, working on unit B
of the Red Lodge Cooke road from
Beartooth lake, has climbed the
hump to the Line Greek plateau,
and this week was in sight from
the end of the completed Unit A
grade near Twin lakes.
The Unit b grade has not been
finished to the top, but a tote road
has been built from Beartooth
lake, the contractors intending to
connect with Unit A in order that
supplies can be hauled from Red
Lodge yer the top to the McNutt
& Pyle construction camps. Tues
day the tote road from Beartooth
had approached within two miles
of the south end of Unit B on the
plateau. The construction crews
were working in several inches of
snow and in sharp winds that are
now playing over the Beartooth
SUBMITS.
Meanwhile the Morrison-Knud-
sen company has turned it's full
power on the national forest link,
section 59-A, about eight miles
south of Red Lodge in Rock Creek
canyon. Two shovel crews are
working below the Canyon ranger
station, where Shovelmen Hit
Finger and "Gas-Air Gus" are
knocking out dirt and rocks, and
one crew has started excavation
at the lower end of the contract
ear the forest boundary, four
miles south of the city.
One of the NIX power shovels
will be moved down on the 4.3-
mile state highway link next week,
to be used as a drag-line scoop on
the route near Red Lodge.
E. 0. Johnson, foreman, has
started work on the state link
with a bridge crew, on the con-
tract for two concrete bridges, let
by the state highway commission
to j. M. Coverdale of Anaconda.
One span is being built below the
point-of-rocks, three miles south
of town, and another across the
West Fork near its junction with
Rock creek.
Red Lodge daily news combined with Carbon County news., 1932-10-05
COMPLETE SURVEY
OF CAMP REGIONS
Foresters Limit Composites
On Main Fork; Scout
Lake, West Forks

Three foresters completed a re-
irrational survey of the Rock
creek regions in the vicinity of
the Red Lodge-Cooke highway
route last week. L. f. Mclean
and Ralph Fields, assistant super
visors of the Custer national for
est returned to the Billings office
Saturday, C. B. Swim to the Gal
latin forest office at Bozeman.
Several areas along Rock creek
south of Red Lodge we're selected
as lands to be opened for location
of public, club and private camps.
Following a policy to keep most of
the national forest land as a prim-
tive area, the campsites have
been located out of eyeshot from
the road route. No building will
be permitted within 200 feet of
the highway, to insure a scenic
roadway, unspoiled by possible I'M
slightly buildings and camps.
No application for sites are be-
ing considered by the forestry de-
partment now. AS soon as the
available land has been completely
classified and surveyed, the de-
partment will give notice for fill
ing applications.
Although most of the Rock
creek canyon will be restricted to
settlement, a number of areas in
the West Fork canyon will be OPP
en-, and some land on the Lake
Fork. The Lake Fork canyon was
secuted as far up as Lost lake.
Wyoming forestry officials have
been marking the areas in the
Shoshone forest, and Montana for
esters of the Absaroka division
have been making a similar sur
vey in the Cooke region. 1t is not
likely hat location permits will be
issued in either the Shoshone or
Absaroka forests before next sum-
mer.
Red Lodge daily news combined with Carbon County news., 1932-10-05
RAILWAYS PLAN
FOR BUS SAID TO
Be IMPRACTICAL
Hearing on Discontinuance
of N. P. Rail Service
Held at Bridger

Assertion of the Northern Pa
cific railway and transport COM
panies that adequate service, with
economy on the part of the rail-
way, could be obtained by substi-
tuition of highway transport err
vice on the Bridger branch line,
was refuted in the hearing of the
state railroad and public service
commission held Thursday at
Bridger.
1t was testified by the few men
who appeared in protest of the
rail service discontinuance that
under the plan proposed by the
Northern Pacific the railway
could neither furnish efficient SER
vice, nor could it effect economies
by competing with established
truck and bus lines. No antagon-
ism against the railway company
was displayed at the hearing, as
community business men and 9th
er residents understand the rail
ways problem: competition of
trucks and passenger buses on the
highways. But the remedy sug-
gested by the Northern Pacific
was declared an impractical solu-
ton of the local problem.
Members of the state commits
sion who conducted the hearing
Continued on Page 81
Red Lodge daily news combined with Carbon County news., 1932-10-05
CARBON ELEVEN
UPSETS EDGAR'S
FOOTBALL TEAM
First Game Proves Spirit
OF Red Lodge Players;
Score, 10 to 6

Carbon Highs green football
team justified its existence last
Friday by defeating the Edgar
High school eleven on the Edgar
field, the 1876 score proving that
while the football background may
be lacking at Red Lodge and its
players may be inexperienced, the
athletic ability and spirit is pres
ent.
Pushing their way across the
line for three touchdowns during
the game, Coach Hartwig's Miners
surprised the STRIPPING team of
Sverre Omdahl by their speed and
force if not their skill and STRAIT
egg. Although their goal line had
been crossed before they realized
CONTINUED on Page 81
Red Lodge daily news combined with Carbon County news., 1932-10-05
CHROME ON
SILVER RUN PLATEAU

NJ. E. Martin, prospector of the
Beartooth chromite fields, has To-
Gated for the winter on the Silver
Run plateau, where he will run
test pits and tunnels to prove the
extent Of the deposits north of the
Lake Fork creek.
Recently he was engaged in
proof work on the Hellroaring
plateau, where the most extensive
deposits are to be found. Four
large test pits were dug to expose
the mineral for volume estimate.
Indications are that the quantity
of chromite available in the He'll
roaring field is greater than orig
inally estimated by the prospector.