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About The Omaha morning bee. (Omaha [Neb.]) 1922-1927 | View Entire Issue (Dec. 3, 1923)
Plan Advanced for Relief of the Wheat Farmer Wheat Growers to Propose Legislation for Solution of Problem at Com ing Session. Washington, I). C., l)er. 2.— Pi oposals for legislation to Improve conditions In the wheat Industry will he at the front during the session of congrosj which is just opening. Among the many plans to In crease wheat prices is the/ pro gram advocated by the American Wheat Growers, Associated. The American Wheat Growers, As sociated, advocates the creation of an agricultural export commission con sisting of the secretary of the treas ury. the secretary of commerce, and the secretary of agriculture, who would lie chairman. The commission would have power to levy a tax upon all of the saleable wheat produced in lh» United States. The fund thus created would then he applied as a premium on that portion of the wheat crop which is sold for export. Inas much as the export portion of the crop is less than one-fourth of the total production, the bushelage tax collected would be increased four fold when applied as a premium on the export wheat. Through the addition of this pre mium to the export price, according to the American Wheat Growers, As soctated, the domestic price paid for the three-quarters of the United States crop which is consumed In this country would be increased a like amount The marketing organiza tion declares that domestic buyers of wheat would be forced to increase their prices to compete with the world's price plus the amount of the prefhtum, thus creating a general large Increase over the going Interna tional markets. Add 30 Cents to Price. "Take the present price condition as an example to see how this plan would work," said George C. Jewett, general manager of the American Wheat Growers, Associated. "From the present crop we have approxim ately 700,000,000 bushels of saleable wheat—that portion which leaves the farm. A tax of 7 cents a bushel, or $49,000,000 would be assessed against this amount of grain. Then the fund would be applied as a premium to the available jirice which could be secured for the portion which we ex port, approximately 170,000,00 bush es. This would add about 30 cents i bushel to the price received for the export wheat. “The result would be that the amount thus added to the export price would also place the domestic price 30 cents a bushel above the present world's level. The enbaneed price for export wheat would have to be met by those desiring to pur chase domestic wheat. The returns (o the farmer, then, would he 30 cents a bushel above the price he is now receiving, and from this would have to he deducted the 7-cent tax. leaving him a net gain of 23 cents a bushel through the operation of the export commission. ■•'In considering this plan it must is? understood that because of the fact that we have a considerable sur plus to dispose of on world's markets, nut* domestic prices are defenltely limited by those obtaining outside of the country American wheat grow ers are not able to increase the world's level of prices, so this plan In reality amounts to the arbitrary ad dition of about 30 centa R bushel to the Liverpool wheat prices. Our do mestic prices, of course, would then Increase a corresponding amount.” Simple of Operation The tax, according to the plan of the marketing organization, would he collected by the governemtn through railroad channels and through certi fied mill reports on wheat delivered directly to mills by farmers. Export premiums would be applied on an equitable basis on flour milled in this country from United States wheat and then exported. The tax and premium would he subject to revision by the commission from year to year, depending upon the probable amount of the surplus and the world's price range, but al ways so fixed that the actual return to tlie farmers would be maintained at a point equal In purchasing power per bushel of wheat to the prewar value of the commodity. The pres ent tariff would be increased to at least 60 cents a bushel to protect do mestic markets from the influx <rf foreign-grown wheat. Mr. Jewett meets the argument that such an Increase In price would result In greatly increased produc tion by the statement that the col lection of the tax would he an ever present argument to all farmers of th# evil of growing an excessive sur plus. "It Is obvious that the greater the exportable surplus in proportion to the domestic consumption, the high er would be the tax and me tens tne net results of the federal operation.” ho said. "The operation of an export commission on this plan would great ly assist the growth of co-operative wheat marketing associations such as ours,.which heretofore, while mak ing wonderful progress, have been handicapped by their Inability to con trol enough wheat to protect domes tic markets from the depressed con ditions of International markets.” No Price,-Fixing Involved. The Aemrican Wheat (.rowers’ as soclated plan, According to the organ ization. would result In benefits to high premium wheats equaling those of other varieties. The effect would he a flat Increase in basic domestic price according to the amount added to the export price. The various price differentials In wheat value*, based on different qualities, would be maintained. The plan is defined hy the organiza tion as being a “reverse application of the tariff principle making |hnt principle effective to the farmer on what he has to sell as well as on what he has to buy." According to the American Wheat /.rowers’ associated, no element of price-fixing Is Involved and no federal funds will he necessary to operate the commission after It has ortep been established. Kxpense of operation, It Is claimed, will be com paratively insignificant because of Abe ease with which the tax rnay.be col lected from the salable wheat and th.-n applied as a premium to the sur plus for export. Four of Kind, All Lusty, and Their Mother These quadruplets, just arrived, have increased the family of George I* Wlltig;. Italtlmore, Md., to 1! children. Wittig is 44 and his wife is 87. The three girls and one hoy are all normal and strong. The hoy weighed five pounds and the smallest of the girls four pounds and two ounces, making a total of 18 pounds and 8 ounces for the four. , / Wallace Puts Pressure on Administration Original Farm Relief ami Tax Revision Plans Not in Harmony With Iowan's Views. By P. POWELL. \\ a.hiiiKton C 'orrnponilrnt The Omaha llee. Washington, Dec. 2.— Is Secretary of Agriculture Wallace in exact tune with the administration? Thts question, whispered for some time, is being asked openly by ob servers here since the latest issue of the secretary’s farm paper. Wal lace's Farmer, readied Washington. That issue contained what is con strued as a mild criticism of the Mel lon tax proposals, apparently accepted as an administration feeler. The comment by the Wallace paper which calls for the Interrogation mark fol lows: "We doubt the wisdom of reducing taxes on Incomes generally and see no need at all in eliminating taxes on movies, theaters, telegrams, etc. Rather than do that we would add taxes on all luxuries of practically every description and so far as pos sible take it off necessities." Disclaims Official (onnectinn. However, in part, if not in whole, this criticism coming from a paper owned by a member of (he cabinet is softened by a statement which has appeared in a prominent position In the Wallace paper since Wallace has been In the cabinet. This statement reads: "As long as he is engaged In public service Mr. Wallace Is relieved from the responsibility and duties of Wal lace's Farmer." Perhaps if this criticism of the Mellon tax proposal had been all that had happened recently in connection with Wallace and The administration this question now on official lips might never have been asked out in the broad daylight of the nation's press. Sidetracked for Meyer. But there is another incident in re cent history which is hereby chronl cled: When the Coolidge administration was on its honeymoon one hit of na tlonal discord caused it open con eern. That was the cry of the middle-west wheat growers for aid in advancing the price of wheat and stopping the Influx of Canadian wheat so ostensibly dragging down the American market price. There is no doubt In official Wash ington (hat the administration desired to afford relief at the earliest pos Farmers’ Union Notes Active preparations are being mad** for th** state convention of the Nebraska Farmer* union, which meets here un< Tuesday, January 9. according to C. J Osborn, state president. It will b** a big week." said President Osborn. "On Wednesday the patrons of our livestock commission house*, who are not members of the farmers’ *unlon, will sit In the session of the convention devoted to that branch of our activities, in compliance with the packers and stockyards act. This will bring farmers from Kansas, Missouri. Iowa and Mouth Dakota The stockhold ers of the Farmers' Fnlon State exchange will meet on Thursday, and the policy holders of the Farmers’ Fnlon t'o-Oper ative Insurance Company of Nebraska on Friday We expect that more than a thousand farmers will attend these meet ings ’ • M>w County Organised. Creighton—A county organisation of the Farmers' union In Knox county wax re cently formed with the assistance of M C. Klwnod, who Uvea Just across the line In Antelope county. .1. C. llanaen. Mlonru fteld, was elected president . Henry Busch kamp. Crofton, vice president, and L. W. Kggert. Bloomfield, secretary treasurer. Knox county was the second county In the state to have a rounty organisation of the Farmers' union, organised In 1912, hut It became dormant a few years ago. With the revival of Interest In the Fann ers' union In the rounty. a new county organization hue been formed. Profit ot l.yru li. Lynch—A net profit of $5,223 54 on h business volume of $43,432.26 whs shown by the Farmers' t'nlon Co-Operative «» sedation here In the first threw months of the present fiscal year, beginning Sep tember I In the year that clo»ed on August 31. the association had s net profit of 14.094.49 on a volume of $200, 234 HO. The Improved profit showing Is partly due to decreased operating ex l-enses. This association handles grnln. livestock, coni, and building material*. With a paid-up capital of $24 000. the business has a present worth of $32,014. William Hoffman Is president of the as sociation. and (i. A. Martins is secretary. Hook V til ii#* Increased. T,oretto— An audit of th** hooks of the Knrrners’ Elevator company her* for the period from January 29, 191K. the date of organization. to June 80, 1928. which Is the only one the company has ever had, showed a total business volume of *,50«.fi».l 11. with a total net profit of $1,721 XK for the period of a little more than five years With a paid-up capital of $7,600. the net worth of the company Is $x.f,21 xx. This showing Is considered favorable, considering th** fact that the period Included the disastrous years of 1920 and 1921. Klnter I lodge hue he#*n manager of the elevator since last July. It R. Johnson Is president of th** • om panv, and A. H. (tames Is secretary. Dale It Speaker. Waverly—About 100 pet non* attended an oyster supper and program given by IMeaa «nt Valley local of the funner*' union In i he u< hi.olhouae of District No 35. W K. pale of University Piece, comity legis lative committeeman and one of the state union speaking stuff, was the sptaker of the evening Ho wnH accompanied by County Agent Purbaugh. who In an adlvs member of the farmers' union. New Klrvstor Manager. Hhestah Kd Htroiner Is l he new man j.r'er of the elevator operated by the Mlg Mine Kan..era’ Union Co operative assn Hatlon An audit covering the period from March .11 to October 31. 1U24, snowed .. »»•> in 14J 693 NO, with a net profit of %i\ it 3 •£» association siMe moment. Ut took steps in that direction immediately. It was the step decided upon and taken that caused raising of question aide eyebrows. True, the secretary of agriculture was called upon to report on conditions but the emphusied fea ture for farmers’ relief and a study of his problems was the selection of Eugene Meyer, jr., a man with east ern connections, to go west to study farm problems. As is known, it wasn’t long until this action drew criticism. The west openly questioned the logic of Meyer diagnosing its case, the same as it is believed the east mlghf interrogate the wisdom of a western man being delegated to discover cause of indus trial depression within its borders. Mistake Righted Now. The why of this move has never been known. It may have heen that someone took advantage of adminis tration confidence and unfamiliarity with the west to propose this move Whether such advice were given by someone who didn't like Wallace, did not take any stock in his judgment or merely believed this was the I>c8t step and never thought of the posi tion it mUiht put Wallace in is sub ject of simulation. The administration's gottd Intent was shown Instantly. As soon as the west raised a question as to the ad visability of listening to the Meyer proposals as a means of affording im mediate relief the administration in stantly asked the Department of Agriculture for facts and figures at hand favoring increase in tariff. These figures presented by the sec retary caused instant action In order ing an investigation to ascertain the necessity of a higher wheat tariff. This investigation is now well under way. Meantime, the Meyer proposals are receiving attention. Plans Under Wav j for Poultrv Show J To Open at Grand Island December 18—Mill Exhibit Pets. Grand Island. Neb., Dec. 2.—An nouncements of the first annual poul try show, promoted by tjie Midwest Poultry association of this county are now being mailed to 2,500 poul try fanciers and farm block owners in central Nebraska. The show is to be put on here December 18 to 22 and will be a combination poultry and pet show. T^arge cash premiums are be ing offered on the basis of 10 * :*riea per class, O. F. CJUesburg, president of the association; It. A. Olson, of the Fair mont Creamery company. County Ex tension Agent L. V. Lee and Frank Albee, appointed as ‘managers of the show’, are expecting a large list of entries and at least 10 entries In each class. Erie Smiley. Seward, Neb., widely known poultry Judge, Is to t»e the of flelal judge of the show, the com inittee announced, and official rules of the American Poultry association have been adopted by the show of ficials. The pet stock division of the show will be a special feature, according to Dr. F. J. Choliette. who will have charge of the dog, cat and rabbit*en tries at the show. The poultry and pet show’ is the outgrowth of work done by County Agent Lee and others in the county, in forming the association which is said to be the first organization of Its kind In this territory. Its member ship now approaches 150. The announced aim of the associa tion is a more efficient production of poultry and poultry products and more successful marketing of the produefs through graded breeding and market stock. With this city ranking ns one of the largest markets In the State for poultry products, members of the association feel that poultry producers in the territory have every market advantage in this Industry. G. A. R. Post Elects Officers. Beatrice, Neb,, Hoc. 2.—Kawlln* Post, No. 35. held it* annual meet lug and elected theae officer* for the coming year; Commander. P. J. Zimmerman; senior vice comnmnderi I. it. Clayton; Junior vice commander, H. A. Heymour; chaplain, .1 C. (Tran git; Burgeon I,. |». dray; officer of the day, .1 0 \V Jacknon; officer of j the guard. William Knowlc* . Ord Elevator* Reopen. Or H, N» b , I He. 2 A number of gruin elevators hi Ord ami nearby towns which have been cloned for several yearn, have reopened to car a for the bumper coin crop In thin vicinity. Popcorn and need grains have been rained in large quantities near Ord. There are a number of popcorn and seed companies operat ing here. M. Strplirnxon Die*. Beatrice, Neb., I»ec. 2 Jennie M Stephenson, lift, old resident of Wy more, died at a Lincoln hospital. She In survived by two brothers. II. L Stephenson of Wymore and YV. II Stephenson of Blue Springs. Thu body will be taken P* YVvniore Cot burial. Creamery Run to Aid Fanners Benefits Town Ewing Producers Get About Same Price as on Big Markets—Business Increases. Ewing. Neb., Dec. 2.—Business men of Ewing have solved the problem of getting practically Omaha and Sioux City prices for the cream and but terfat produced by the farmers of the rich stock and dairying territory from which Its merchants derive theli business. The village last fall gained fame by staging a livestock show and ag ricultural fair of county fair caliber, at which substantial cash premiums were offered and no admission fee was charged. The town long has ranked as one of the chief cream ship ping points along the Northwestern railroad. A small creamery was established by business men the first of the year and on November 24 completed a nine months run In which more than 150, 000 pounds of butter have been pro duced amt cream and butterfat pro ducers now are receiving within 2 cents of the Omaha, Lincoln and Sioux City markets. The total outlay for the plant was $8,500 and the price of butterfat raised 5 cents a pound the day It started operation. February 24. Since that time the price has kept at least 4 cent* above that paid by the big cream stations at other noncompeti tive points and has stayed within 2 cents of the eastern prices paid. The plant has a capacity ot i.znu pound* of butter dally and during the summer months rhurned between 23, 000 and 25,000 pounds a month and now is averaging slightly above 10,000 pounds. Two big Chicago institutions take the entire production, in car tons. at prevailing market prices. The plant mails out no cream quotations and operates no lines of collection trucks. All of Its hutterfat is brought to the creamery door h.v the farmers it was erected to benefit. The establishment of the plant has resulted in a material increase in daily business receipts, say J. N. Trommershausser, Joseph Fisher, the Rev. Mr.' Phllley, Sam Green, L. K. Skidmore, and other Kwing business men ami bankers, and two new busi ness structures In the town, one a modern picture theater and opera house erected by K. L. I>avies, and the other a two-story business block built by J. M. Jacobson, a general merchant, this year, are directly traceable to the improvement of busi ness conditions and the attracting of the farmers and stockmen of the sur rounding territory to the town. Live Stork Marketing Large. Marketing of livestock 1* heavy, and st 20 (palling marHi arrival* to tint* ag gregnte more than f*»r the .entire 12 months l**t year. While at nearly the r#• mil level for any year From January 1 to November 26 more than 65,474,000 hem! of stork «rr« marketed, compared with 55.904 000 laat year, the Mg expan sion being in hnga. Comparative detail* follow. Cattle Hog* Sheep 1923 . . .13.327.000 34,233.000 1 3,914.000 1922 . 12,474.000 29.454.00® 11.176.(100 1921 .11.'*71.000 29 065.000 14,417.000 1920 .. . 13.039.000 29.271.000 1 4.625,000 Financial II y Associated NjMV Turk. i>ec. 2 A di .'position to mniw time in ihe stock market, ma'erlal reaction* in Ihe foreign exchange*, en couraging Industrial n*-w« and an Im pressive advance In cotton markets fea tured the last week in business and finance. Seldom has an approaching tension of congress attracted so much Interest In fltinni ial circles, where the opinion is •■* pressed that not only the duration of the present hull movement In lUrrka. but the • ours* of business for the next yesr will be grea'ly affected bv legislation whir b tnty be introduced Meanwhile the tone of the market has held remarkably steady. • m hai n h< n4 di IAi • our aging na'ure of Industrial develop ments, Including a crop of Increased divi dends Although the wav# of pig Iron buying appear* io have receded somewhat, thr Improved demand <*f a week ago stiffened (he price Meanwhile steel manufacturers me hoping foi heavy railroad buying fot maintenance of way and equipment, and Increased pun bases by the automotive In dustry While aa a whole, the railroads are In good shape a* regard* equipment. h« •%'! denied hy the record volume of truffle during the summer end fall, many Indi vidual systems atill are behind In their buying. Railroad earnings statement* indicate that funds will be available for further rehabilitation October statements for 40 of the class one cartlera Indicate a net monthly operat ing Income of approximately $|on OOO.oftf, which should give a return on tentative valuation of nearly & l*‘*r rent *nd bring it return fur the first 10 months of about fi pet* cent Loadings showed a seasonal decrease but were atill well above those of last year A renewal of the advarn In cotton featured Ihe week The advance was due chiefly t« a belated buying on the part of those spinners, both domestic and for e|gn. who had failed to lay In euffh lent supplies to keep their mills going rotten spinners have hesitated to buy large storks at the prevailing high price* bee SUM of uncertainty of their ability to pass the cost «m to the consuming public, and. on Ihe other hand, they have been faced with forced shutdowns tor |*> k of raw material lit the week's advance the leading future* crossed the ,17c level Wheal and corn have been rather stag nant, hut ended with a food rally. Money continues eaav and all indhntlona point to an abundant* of < heap funds for the coming months H»iiui firming up In ihe « all rate was noted as the result of the end of the operations, but time funds and commercial paper atill move at b per New capital I as Ues fell off dlirinx the week but several good ulaed flotation* „re on the board* for next week, and government borrowing nf a tint oxitnatelv M(mi.univiitin Is louk d fur within the next two w«tk» The Businesh Barometer This U eek’s Outlook in Commerce, Finance, Agriculture and Industry) Based on Current Developments. tty TIIKOIIOHE II. PRICE. Editor. Commerce and Finance, New \ork. Copyright. lfISS. An inclusive summary of last weeit s n**\vs of domestic business would con tain th** following Items: The world’s sugar crop for 1923-..4 is estimated at 19.146,600 tons, the Isrgset on record and 0.7 per cent over that of the previous season. Some decline in prices is expected later on hut the pres ent market Is surprisingly steady. Cotton is above ?,7 cents In New York and still higher prices are talked of if the governin'nt crop estimate on Decem ber 12 supports the reduced private esti mates now current. Meantime exports are somewhat smaller, a few New England mills are shutting down or threatening to close, the buyers of cotton goods are lie coming very circumspect ami the specu lation in futures is necessarily restricted by the uarrowness of the market anil the large margins demanded. Coffee, though dull. Is ruling around lfto for near de liveries and well informed merchants say that higher prices for the distant positions are likelv. Materials Khow Increase. The Hardware Age reports consistent buying activity for both seasonal and staple it<ins throughout the country. The Iron Age save that over a million tons of pig iron have been sold by producers during the last two weeks. This buying has caused an advance of from 61 to 6 2 a ton. by which the activity has been somewhat checked pending developments in the steel market, which Is a little un even although the demand for fabricated Hte**l is excellent. Tin has advanced sharply. Ho have lead and zin< Copper is the only metal of commercial importance that Is a lag gard in the movement toward higher price levels. Ritumin-us coal is lower, especially In ^the west, and some Illinois mines huve closed down No one will grieve that the high prices at which coal has been held for so long are now work ing their natural result There are many who hone that something of the same kind will happen to the market for an thracite coal. .. .... A slight advance In woollen blankets was asked on the new lines opened by the largest producer last wreek. and raw wool appears to ho higher all over the world. The department stores in the New York Federal Reserve district report that their October sales show' an increase or 9 ty p» r cent over last year. The Fed eral Reserve board reports that October trade was larger than last year In al* Federal Reserve districts. The Increase ranged from 2 per cent In the Kansas City district to 20 per cent In the Dallas district. * . ^ , ... . Henry Ford announces that he win be able to make 10.000 cars a dav by Feb ruary 1. and most of the other motor marjfneturers claim to be preparing for an increased outrun In anticipation of an Increased demand. This may explain the recent advance of from 2 to 4 cents In crude rubber Most of the Federal Reserve hanks take a cheerful view of the situation and the Federal Reserve board nof-s an October Increase of 3 per cent In "basic produc tion. ’ whatever that may mean. Dum ber and building materials are moving normally at unchanged prices. Twenty-five cities show a gaip of 2* per cent In new construction for the 10 months ending with October Foml Products lower. Food products in the raw form com prise about the only group of commodi ties In which there has been any decline Corn Is slightly lower. Wheat has been difficult to rally and hogs and turkeys are cheaper on the large offerings In cident to the Thanksgiving season The production of petroleum 1s still In excess of the Immediate demand, but the surplus supply is getting into strong hands and the oil stocks are looking up. Erie Railroad net earnings for the first ten months of 1923 show an increase of 296 per cent over 1922 and nearly all the roads report big gains in October gross and net Therefore it is not surprising that the low-priced railway shares should be attracting speculative attention There are many who believe that discriminating purchases of the cheap railroad stocks will show large profits within a year, but the less confident investors prefer to wait until it ts known whether the rail road bill that Senator Cummins is Incu bating will be mandatory or simply per missive in the provisions which relate to consolidation. As a whole the stock market has been resilient and more responsive to good news than to bad The Investment de mand for ’odd lots- show's a decided increase. Tt may be a partial reflection of the gain in savings bank deposits which amounted to more than 61.Qho.oqo. «yo for the year ending June 3 0. 1923. The total of these deposits ia now $!», 373,000.000. lirit i»h Trade Improve*. Looking abroad H i* much the same story. Despite the confusing polltjcal cam paign in England British trade appears to be improving and sterling has lost part of Its recent advance on free of rering* of bill* drawn against American exports. The Irish government Is to is sue hii Internal 6 per cent loan for £10. 000,1100 at 95. and an external lofcn for the same amount is also being planned. Manchester Is directly active and a cable from the lxmdon Stock exchange says that "the resumption of new issue activity Indicates that the public i* not worrying excessively about the election." A remsrkable improvement in Austrian trade ia reported MVxican bonds are higher and trade reports from Australia and Last India are distinctly cheerful. It now takes less than 30 days to go from New York to Moscow and travelers from Russia bring most encouraging accounts of the economic recovery there since the soviet government has permitted pri vate traders to r«*sutne business. (ierman Conditions Worse The foregoing is a fair statement of present coalition* as they are set forth in the newspapers and trade reports on both sides of the Atlantic. Jt Is cheer ful. as are the facts, and vet the, London Time* prints an editorial In which It says "The condition of Germany is in finitely worse today than since Germany became an empire . . The plain fact is that she is breaking up . . France has had her way. Her curiously systematic and coldlv logical effort is nearing its goal. A new political and economic en tity is making its appearance in Kurope, molded and dominated by France." In prewar times this pronouncement from su« h an authority woo'd have given1 pause to enterprise all over the world. Today It. is hardly noticed ai.d the mar ket* are almost buoyant as merchants prepare for new adventures and indus trialists plan foi Increased production. Stimulus of Inflation What is the explanation of the seem ing paradox. The only one that I can offer is that we are feeling the factitious stimulus of inflation. The value of paper money in Kurope and of gold in America is declining. On both sides of th«> At lantic more of the currency in use Is exacted in return for human energy and Its products. When this happens w •* say that prices are going up and we feel the Illusion of prosperity created by an ap parent increase in the value of the things we own If this •depredation in the value of labor and its products is to contlnu* those who sre forehanded will naturally try to exchange their money for property that is easily convertible and can be readily bought and sold. This ia what Is happening at. present. Shares of stock in prosperous companies and merchandise for which there is a wide market have commenced to feel the levitation of Inflation It will gradually extend itself to other things for which the market i* lea* mercurial and it may by attrition lift the prb - of bond*, al though It should not as bonds are simply contract* for the future delivery of the depreciating money in which they are payable. Trade Review Figure* are for last weak, the previous week and last year Bank clearings < Bradstrests) id thou sands. *6.197.476; $7,170.6*4. $5,460,(14. Business faiipres. 2X7; 3fc9; 409. Security prices Nee, York Stock ex change; 20 Industrial*. $92 41; $90.67; *93 45. 20 railroad* $41.$1. $sn 70. $63.50. 40 bunds. *66 56 $66 95. $86 36. f.'ommocflty price*. Wheat. December delivery. Chicago. $1 02V *1 f'2V'll 17V Corn. December delivery. Chicago: 71%c. ■4S' ?134c. Pork, ribs. January delivery. Chicago: $9 52. $9 35. 19 65. Sugar. refined. New York: 9.16c. 7 5c, 7.26c. Coffee Rio No. 7. New York; 11c, 11c, 10 15-16C. Co!tor middling. New York; 37.60c. 34 25c. 25.45c. Print cloth*. New York: 8c. 7’*c. 7 4fcc. .07 \r. * Silk. No 1, 8in ;hiu. New York $7 90. $7.80. $8.10. Rubber, crude, plantation. New Y’ork: 27 V. 27 «*c. 26»,c Hide*, packers. No. I New York. 13‘*c, 14c. 23c. Iron. No 2. Philadelphia: $26 76 $24 7$ $ 1 H • Steel billets. Pittsburgh. $42.50. $42.50. Ml 00. Omaha Livestock Kurniuhrd by Moreau of Agricultural Economic* 1 . h. Department of Ag Klculturr. Receipt* of cattle last week totaled ap proximately 23.>25 hea«l. aa compared with an actual aupply of 35.2R6 head the previ ous week and 29.OM head the correspond ing week a year ago Mild unevenness ha* featured the mar ket for fed steers and yearlings during the period under review Heavy bullock* have met a rather Indifferent demand and. on the opening day of th- week, were under decided pres*ure. while yearling* and medium weight offerings have been favored throughout the *es*ion I.lght re « — t p t «• Thursday caused a scramble for supplies, and, with packer* buying for numbers, th** irregularity wras partially ironed out and heavy steer* recovered the decline noted above, while medium weigh' sieers and yearling* developed a degree of strength Taken a* a whole when comparisons are made with the close of th« previous week, the market on fed steera and yearling* 1* summed up a* on a 26c higher b.iats with the lighter weight offerings *howing the atrength. Top for the period paid for yearling*, reached 11 1 40, 20 head averaging i."»6 round*, with noteworthy aalea throughout the period upward from $10. B**»t matured steer* stopped at >9 75. nothing on offer while the bulk of sale* of fed steer* and yearling* all weight, which consisted of warmed ups and short feds, have been made at a spread of 17.26 to |9 SO. with medium and common on down to $f. On and a little under Hardly enough gras* steer* suitable to go to the shamble* have been Included to really test market condition* and the market !* quoted a* steady tin Monday, a few **’•** of bet ter grades of horned range *te«r* fmfnd outlet to pa ker* nt $7 no to $7.in, with medium and common on down to • and a little under Hhtpping Inquiry tended to kep up competition tor killing she slock and undertons to the trade has been stronger, current price* being quoted 25c or more higher than on the clow* or last week A few fed cow* have been n ciuded that sold from 16 <*•» to ft* 60. *11” helfrrs on up to $>* 36. while the bulk of the supply ha* consisted of gr**#*rs that found an outlet at a spread .-f #3 ^0 to $5 50. with canneta and cutters largclv $2.2$ to $3 4“ Hull market took c»n atrength a* tha sssalon progressed and closing was at the peck t f an advance quoted a* 15c to 26c. bologna bull* "oW clearing mostly from *3 on to $3 60. a few beefy kind* up to $4 00. Veal* show a rise of ?5« for the week hulk selected light* now *t $«.tn to $9 00% a few up ward to $t.60. with heavies largely $5 OV to Jti 60, cull* downward to 14 00. Choice Feeder* WougM. Interest throughout ths period hse cep tered on the good and .hope quality •looker# and feeder# are these have moved lo advantage scoring an upturn of mostly 25c. while medium and common «rnd* a have Just about held their owtp A# la usual toward# the dose of the western range season, supplies have been moder ate. although shipments from western : markets have tended to aid yard dealers In giving a hi tter assortment <»ood ami | , hoire range feeders have sold at a spread of l»i ?5 it* $7 75. with stockera largely from $6 50 to 96 SO and choice upward to |7 Vfl. Feeding rows and heifers formed j a email proportion rtf the weeks quota j ami market shown llttla variation s tretnes of quality In thin she stock selling from $2.76 to *5 00 Stock calve* met with a fair demand throughout the period | at steady to strong prices, bulk desir able calve# moving from $;•©'> to $6 ." Ite« etpta of sheep and lambs last week ; totaled approximate!/ 4«head. as1 compared with an actual supply of head the previous week *n<i 2*.3*9 head the corresponding week *a year ago A sharply fluctuating trade featured las* Week In the sheep division l»urtng the fore part <4 the session, under the In fluence of Tight receipts, both here and | elsewhere, lamb values scored sharp ad vancss. but Friday's arrival of Increased | supplies aided packers In forcing prices j lower and practically all gains v^ere wiped : i ut, closing prices being quoted as steady | to strong with a week ag<> Wooled Itmi* at the close #old mostly within the spread of 912.1)0 to 91 * 16. with fed Clipped lambs lit lift 26 to 110 S5 Sheep were in light supply and developed strength, advance for the period bring quoted *s fully 25c. Light mill handy weight ewrs . leaied towatd tha do'*- of th* week at $5.75 to $*. 25, with week s top at |t» 40. Seek •'‘ceding Stork. A good active demand prevailed throughout the period under review for feeding at oik and while llttla change has been recorded in price#, the deal Is on « firm haals a* compared with last Thuts da > Pesltrthle 56 to 72 pound western lambs have «■ lea red at w spread of III 50 to $12 25. latter price top for the week Feeding and breeding ewes have been In moderate number# and outlet quoted i»* steady. A spread of $3 00 to f * 9<> baa taken moat of ih»- sale* of feeding ewe*. with ..I quality lueeding ewes, mostly lull mouths from ll» t»0 to $7 on Hecelpta of hog* ImsI week totaled s p proxlmately 17,000 head. as compared with an actual supply of 5*,426 head the pre vious week a ml 4 4.$v g head the corn "ponding week a year ago After a alow atari Saturday, with sale# men generally asking stiarpiy higher prices, the market got undet wav st around 10, higher plies on the better Kindi's and ruled active on this baals Mixed loads, medium grades and packing grades moved more slowly at ateadv to It*c higher pi ices hugely steady to strong Itulk of good and chop e 200 to 325 pound butchers cleared at $»< 50 to $*> 65, with « top nrlia of $6 75 paid for several load* of coatee butchers averaging 360 to 276 pounds Pealrahle light hoga averaging 170 to Jim pounds cashed gt $i> 3. to • « 60, with medium quality of these weight# on down to $6 Jfl grid undr# Mixed loads, carrying packing sow* and lights sold st $*• 15 i" •* 4(l with load* tunning largely lo butchei* at $6 50 I'a, k • Itig ativva sold nms My st $6 90 to $6 15, with small lots of heavy rough kinds on down to $5 75. Bulk of all sales was at $8.0« to $$.€<>. top $8 75. Compared with week ago. light hog* and but* he*-* 10c to 2“c lower and packing grades 15c to 20c lower. Bank Clearings. Bank clearings in the United States for the week ending Noveber 29 <a holiday weeki. as reported by telegraph to Brad street's Journal. New York aggregate $6.197.176,against $5,934,426.0““ last week end $?. 4*4.514.“«'Q In this week last year Canadian clearings aggregate $279. 942.000, .* « igsinst $322 491.000 last week ami $262.494.000 in this week last \ear Following are rhs returns for this week and last week. Nov 29 Nov 22 New York $$.$14.000.<*“0 $4.M 1.00«.O"« ri' .ill ■ 465.000.000 €31.400.000 i*h adelphia 406.000.000 515.000.“00 1 tost on . 216.000.000 41«.“4“““0 San Francisco .. 172.20o.000 172.200.000 K»nsa* City .. 103.492.000 144.777 “0“ Detroit .. 155.7*9.000 155.7 49.000 I.os Angeles . . 121.514,000 1«J.7«5.O“0 Cleveland .. 40 301.000 109.540.000 Minneapolis . . 02,071.000 42.071.00“ Cincinnati . 5O.2IO.OO0 69.049.“““ New Orleans 66.3O0.000 75.40* 00* Richmond . 46 027.000 43.154.400 Atlanta . $rt,714 0r.0 67.476.000 Buffalo . 3* t.54.000 52 '41.0““ 4 Mnnlot SO.IBt.OfHI 38.744.000 Seattle .. 42 992.000 4 2 99 2.““O Portland ore 31.346.000 49.744.000 Milwaukee _ 37.2’2.000 27.212 "“0 Denver 27.933.000 41.««4 00“ Dal’s* .. 37.744 000 47.650.000 f .nuisvllle 22 496 000 21.077.“““ Houston 40.666.000 40.666.000 Birmingham . 2*.642.000 29.6*2 Memphis 3 4 4'.**.“00 34 436.0““ Nashville . . 17 974.000 22.041 “““ I -ovtden e . 24.693.400 14.*91.00“ Fort Worth ... 11.934.000 1 4 577.“““ Rochester .. 7.400.404 12.24<*.0«0 Norfolk . » 64/.O0O 1“ 906,1100 Galvegton . 10.119.0OO 13.793 "“*» Akron. 6:07000 6 450 04# Pittsburgh . . 122.636.000 170.562,0«« Savannah 19.5*5.044 19 6fS.O“0 Baltimore 9*.255.000 94.264,000 Newark. N. J. 16.117.000 D 901.“““ 8»okane _ 19.261.000 11 261 000 Oklahoma 29 664.00“ 24.664.' ““ Washing! n. DC. 1 7.043 000 S2.241.440 St« Paul 12.51 4.404 19.“16.0““ Indianapolis 14.741.006 21990.000 Columbus . . 10 016.000 12.153.000 Oakland 12 494.000 16.H7S.404 **lt l,ake City 13 754 000 19 *97 ““0 Wichita . 6.265.000 7.974.004 Des M*'nes ... 7.464,000 11.S47.OO0 Sioux City . 5.69.1 000 5.75$ ““0 St. Joseph 7.256.000 7.266,000 Totals . $6 197 H76.O00 $6,034 426.0UO Europe Hating ^ heat. For five month* this aaaaon. write# © of Ru*”iel! * t’numeral* l N■ w * motM'i a % port a have Kee ir 2*4 *<’<• 1 ©© huahala am»ln*t 266 000.00© huahala l*»at v#«r Th# dlasppaarsnce of wheat tn th# world'* markat ha* been eitraordlnary Tbl" >a ahown tn tba following coinpari sons of thrmovamant fbu* far Thla yaar l.aat year Afloat and V K . Julv 1 66,600,000 b9 400.000 World's a*i»a. July 1 Nov 24 2*4 ROO.ftArt 00© T«»ta| auppt) SIS.000.000 116.300.0*0 Afloat to V K • Nov ?4 M.*00.800 64,100.0*© Total dinap'inrr ...260.400,0©© 26?.200.t**» The fart that to much whaat aa baen dtatrlbutrd tht* year. considering that Kuropaan crop* wara larsar than laat vane. ImllratM a vrrv persistant snd ac tive demand, Possibly nplilntd by tb* fur) that the Kuropefin potato cron ia ao much abort of laat vesr and p*»*alblf be t-nuae brand train* ara the most rronomt i al fond staffs that ran be secured. w han th# price* of maata ara takan Into conald erstlon. Food Index Unchanged. Hr*da!reel * F*omT Index number, baaed on the wt>o!rftate prtrea tier pound of! St art tele* u**d for food la I* 17. • <m» narlne with 1137 laat w ok and H .r-r‘ f-'r Uie ** eek ending November 3fl, 1^2? Thla week-* number l» unchanged from laat week, hut «dow* a In** of 3 7 per rent from fhe like week of la*t year Of the a* com modi t lea of all kinda minted week |\ ?4 edvanred »a romnared with Inat week. If* declined und 43 remained Uh . banned. n * follow* Increaaed Oats. barley, butter. cheeae ettKnr. raw *u**r reflne<t apple*, rattle *h* > p lam ha. cotton print cloth*. ar*> ff.iod* brown sheet In**, w ool •* delaine P’ir Iron southern: car wheel* old Philo delnhla car wheel*., old Chicago; steel *<-ran. Chicago r**t Iron. Chi ago. rok» « onper. tin spelter l»erienaed Flour wheat, red: wheat spring corn, tallow. Ian! cotton seed oil. e* it a potatoes rurranta. hog*, hop*. Parlflr. hay. rubber Roosa Knnoral Is Hold. Hratrlrr. Nidi., tw 7 Kunri.il m'vlrr* fur thr lit# .1 II Rooaa, om it nir rraldrnt of Rrntrlc# and l.lnroln. wore liidi] lirrr yralrrday and burial win In llrntrlor romrtrri Mr. Room wna 7R. Hr dird at Ida homr at llaat Ins* Buys Barneston Markt't. UurnMton Neb., IVr 2 WilllfliR V'olkem of Wue HprinRn hue purrha* h1 the meat market on main »trwt frnfn William S« h«>ff. who «.our here from Wvmoio »ft«i the Nelniann market burned luat April. % Omaha Produce Omaha. Dec. 1. BUTTE rt Creamery—Local lortuna price to retail era. extras, 61c: extras in 60-lb. tuba. 60c* standards. 49c; firsts. 47 Uc. Dairy—Buyers are paying 36e for best table butter In rolls or tubs; 22c for common parking stock. For best sweet, unsalted butter. 40c. BUTTERFAT For No 1 cream Omaha buyers sre pay ing 46c at country etatlons; 61c deliv ered Omaha. FREHH MILK 12 40 per cwt. fo»- fresh milk testing 3 i delivered on dair* platform Omaha ECOa Delivered Omaha, in new cases: Near oy. new laid, clean jnd uniformly large 52c; fresh selects. 40© 45c; small and dirty. 25©28c; cracks. 20©22c. Jonbii)! pri. » to r*-taii*Mn. U 8 specials 55c: U. 8 extras. 52c; No. 1 small. 32# 34c; checks. 24©26c: storage, selects. 33 © 24c. POULTRY Buyers are paying the following prices Alive H avy hena. 6 lbs. and over. 17c; 4 to 5 lbs.. 16c: light hens. 13c; springs. 16c; Leghorn springs. 12# 14*. roosters. 10c; durks. fat and full feathered. 13c lb.; giese. fat and full feathered 12c No. 1 turkeys 9 lbs and over. 20©23c; pigeons. IJ.0O per do*.; no culls, sick cr crippled poultry wanted. Dressed — No. 1 turks. over 9 lbs. 28© 30c: old tom*. 27c. turks. under 9 lb#.. 23c; geese, fat. fancy. 15c: ducks. No. 1. 17 ©18c; spring chickens. 16© 17c; heavy heps 18c; smalt hens. i5c, roosters and stags. 13c; capons, pver 7 lbs. 25c. Some deal er# are accepting shipments of dressed poultry and selling same on 10 per cent .-ommisslon basis Jobbing prices ot dressed noultrv to sa taller#- Springs. 23 ©25c: broilers. 36c; hen* 21 ©25c; roosters, 16#l7c: duck# 20O23c; ge**se. 20© 23c; turkeys. 30© 35c; Frozen stock: Ducks. 20c; turkeys, 25c. geese. 20c. BEEF CUTS Wholesale price# of beef cuts effective today are as follows: ► No. 1 ribs. 25b-; No 2. 22c; No. 3. 15c. No. 1 rounds 19c; No 2. ICc: No. 3 10c No. 1 loins. 36c; No 2. 28c; No. 3. 16c No. 1 chucks. 15c: No. 2. 11 He: No. 3 *'Hr: No 1 plates. 8He: No. 2. 8c; No 3 7 He. RABBIT® Cottontails. Per do*.. 12.40; jacks, per do*.. 32.40. delivered FREsH FISH Omaha Jobbers are selling at about the Billowing prices f o. b Omaha. Fa no while fish. 30rj lake trout. 26c; fancy silver salmon. 2&c, pink salmon. 19c; hali but. 28c; northern bullheads, jumbo, 21c. catfish, regular run. 23c: channel, north rin, j0©3.c. Alaska Red Chinook saimon. v< tow plks. fancy mkt . nicker* mkt : fillet of haddock. 26c: black cod sable fish, steak. 2lie. smelts. 25c. floun<J - era. 18c crapples 20©25c; red snapper 27c; fresh oysters pdV gallon. 12 80© 3 95. CHEESE Local Jobbers are selling American heese. fairy grade, as follows Sine!** daisies. 28c: double daisies. 28c: Young Americas 39c; longhorns. 30c: square prints. 39c; brica. 29 He; Swiss, domestic. 4 sc. block 38c. imported. 6uc; imported Roquefort. 65c; New York white. 34c. FRUITS Jobbing Prices. Grapefruit—P*-r box. 14.00© 4.60; choice as low as $3 75. Cranberries—100-lb barrel* 111.0° • 60 Ih boxes. 65.50: late Howes, bbl. $12 50: 50-qt. box. $5 00 Orange#—California navels, fancy, all a lz«*s, $€.50: choice. 50c leas: Valencia*, choice 266-324 size $4 00: Florida. $5.00. Alabama Sataurna. extra fancy, half box. $4.00© 4 50 Bananas—Per pound 10c. P*»ar*—<’c!cra 1<* Kejfera basket, about 50 lbs. net. $_' 75: De Anjou, box. $3.75. Avocadta—(Ailigator peara) per do*. $6 00 Grapes—California Emperor, kegs. $5 09 crate*. $:• 50. Almeria drum. $5 00. I.emons—California, fancy. per boy $6.50; choice, per box. $5 50 ©6.00. Quinces—California *9-ib oox. $3 00 Apples—In boxes Washington Delicious ejtra fancy $3.16693.50: fancv. $2.75 3 00; choice. $2.50; Washington Johnathans extra fancy. $2 50; iancy $2 0": Colorado Johnathans, extra fancy. $-2#. fancy. 12.00; rnoice. $1.50 Winter Bananas 1 'ancy. Sj25; Waahn.gton. rnoice. $175 ?nltzenb-rger choice $1 75; Grimes Gold *n. choice. $175: Rome Beauty, extra fancy. 12.50: fancy. $2 25 Apple#—In baskets 42 to 44 lbs Ida ho Jonathans, extra fancy. $1 $0; dc fancy. $1 65; Grimes Golden choice. $I.$0 ■coking annles. choice $110: delicious 'anrv f ? King David. $160: old fashioned Winesaps, $1 *5 Apple*—In bar re a of 145 lbs : Iowa Stay man Wmaaoa. fancy. $6 96; Delicious fancy $»'■ r Jonathans. fan<>. $6 0'J: Mb aouri York Imt.eriala fancy, $5.50; B*r [>avis fane* St 5a: Jonathans. commer '-ial pack. $4 7' \TOCTA HUES. Jobbing prices Pe**—New. per lb. 23c*. Turns toes—Crates, six baskets, I 00 lug. $3 50. Shallots— Southern. »»c©*l 00 pee dot. Honey pew Mellons — Colorado, pet era’* 10 to 12 n • ■ ns $12 00. to 12 melon#. $1 f,0 Souash—Ifnbr.atd. 2c per ib Onions—Yellow in *a< ka per lb . 4c; red. sacks. 4c: whites, in sacks. 6c per lb Spanish, per crate $2 75. Roots—Turnips, parsnips, oeets and car rota, in sacks. 203 He per Ib : rutabagas in sveks. 2c: less than sacks 2 He. Celery—Idaho, t^r doaen. according te alre 11.00© 2 00: Michigan per oox. .5c Ptt’psrs—Green Mango, per market baa ket. $1.00 Bean*—Wax or green, per hamper $4 50 Potatoes—Nebraska. Chios, rer bundreo pounds. $1.16; Minnesota Ohio* $1 36. Idaho Rakers ?Hc per lb.; white cob bier*. 1 He per lb. .. .. Lettuce — Head, per erne. $5 00; pei doren. $1 50; leaf. 60c Eggplant—Per doxen. $2 00. Cabhage—Wisconsin 25*60 lb. lota, pet lb.. 2Hc: In crate*, 2H'*: 2.000 lb iota 2c; red. 2c per lb: celery cabbage. 16c Rweet Potatoes—Southern fancy. aO-lb hampers. *2.90; extra fancy Jersey, lto 11* crates. $4 00: Porto Rico, basket. $2-5 Radishes—Southern, per doa. bunches. 76#l 90r Cucumbers—Hothouse, per gdoxen. $2 to $3 00 FIELD SEEDS Field Seed—Omaha and Council Bluffs Jobbing house* are paying the following price* for field seed, thresher run. deliv ered The unit of measure Is 100 pound* Alfalfa. 16 B0 01 f •*0 . -ed clover. $16 00© 16.00 sweet clover. $7 6609-09: timothy IS 00©(.00. «udan grass $3 00fr4 00 Prices sublect to change without notice. FLOUR. Flrat patent. In His $6 200(3' per bbl ; fancv clear. In 4S-1K bag*. $5 1* per bbl : white or vellow cornmeil. per « wt i. 10 Quotation* are tor round Iota fob C-maha FEED Omaha mills and jobber* ir# aelltat their products In carload lot* at the fol • owing price* f. o .b. Omaha" Wheat fe. da. Immediate delivery: Bran —$25.00. brown short*. $27.60: rrav short.*. $29 00; middlings. $31 00: reddug $<2 5H; alfalfa meal, choice. $32-60; No. 1. I27 0O: 1 maced meal 34 r«r cent. $?»«• 6** cottonseed meal 43 per cent. $53 ”0 hominy feed, white or yellow $32.00. buttermilk, condense*!. 10-bhL lot*. 3 45c uer Ib.. flake buttermilk. 6«0 to j 19$ |b« 9c per lb ; eggshell, dried and ground \ 00-lb. bags. *".>00 per ton: di gester feeding tankage. 6w per cent, 160-00 *"r ,0n" Trices at which Omaha dealers ar« Militic In carlota f o b Omaha Upland Prairie — No. 1, *14 50016 60 No 2. *11.00012 00: No. *. $7 00 0 9 60. Midland Pra»rle-#No 1. *U i 011 N l 0 * Lowland Prairie—No. 1. $9 0C © 10 OP No 2 $6 00 0 7 00 Packing Ray—$5.00*9 < 00 Alfalfa—Choice. $;: 000 23.00: No. 1 $20 00 0 21.00; standard. 1 ll 0° *0 00; No | « 00017.66; N •12.660 14.66. Straw—Oats. $9.060 6.06; wheat. $7,960 1 00 HIDES. WOOL, tallow Price* printed below are on the bast* of buyers' weight and selections, deltvereo In Omaha . ... ... Hides Strictly short haired hide*. Nw 1. s, No 2. 4c long haired hides, 4c and 3c; green hide* 4 and Sc: bull*. 4c and V branded Mde*. V l He. glue hides No 1. 2c: calf. 10c «nd *Hc; k.o 9c and (He deacon**, €0 cert* each glue akin* No 1 2c horre bide*. $150 and $7 $v ach ponle* and glues, $1 TO each colts 5c each, hog skin# 15c each, dry hide*. No. 1 Sc per It dry salted No 1. 6c per lbs . dr\ glue. No 1, 3c per IK Wool Pelts. $1 25 to $1 .5 such, for full erooled skin*: ell pa no value; wool. 35 ©35c Tallow and Oreese— -Cv 1 tallow. 6Hc •IV tallow. $c. No 2 tatlow. 4c; ' a grease. 6Uc; B* grease. 5c; yellow trM«r 4 Hr brown greaaa. 4c: pors crackling*. $65 00 per ton beef cracklings IP iio inn bee«w*x $?0 00 Per ton dressing table for what have you? S-H H Weekly Failure*. Humne** failure* f.*»- «h* week *nd»n* November 2* «a holldav week» number •*?, which compare with ♦*« 1a*t week 4rt* in the like week of 1 “ ’ - . 4*? in - 1. ?«6 in 1*20 and *2 in 1*1* Trade Review By R. G. Dt.V 4r CO. Next to the last month of the year end ed with an accelerated retail distribution in certain channels but with a slackened demand in aome primary channels. It \m inventory time In various wholesale mar kets and aggressive buying there is not tor* be expected at (h i period While holi day requirements are becoming more of a factor In consuming cirri#.*. the weather has not been conducive to the best result* In the movement of goods in that quar ter. Low temperatures with snow ia, some places, have stimulated purchasing of heavyweight apparel, but the»« condi tions have not been general and there ia considerable irregularity in reports from the leading centers. The dally turnover of merchandise is heavy, yet there is evi dence of resistance to advance* in price* at reta*1 and the possibility of a restric tion of cotton goods consumption, becaua* of the high price of the raw material. 1* not being disregarded. Curtailment of production at New England textile plant* has recently Increase*!, but resumption of operations at English mills whi h have been tunning on short time Is announced* conditions ther*- having shown improve ment. Domestic; business, however, con tinues uneven, and a conservative senti ment still governs moat committment!. The prevailing policy, as It has been for several months. Js to provide for Imme diate or nearby needs only, and few pro ducers are disposed to manufacture goods tor stock. It is not the season of the year to look for decisive changes in business, but th** underlying situation ia considered sound and the recent proposal* for reduc tion Of tax*-* have occasioned much favor able comment Commitments on Iron and steel continue »n a very restricted scale and there i* little evidence of renewed activity. Con fidence Is place*! on the railroads and the automobile trade and there is considerable disrusslon of the more *rr leas urgent needs of the former in some departments. In dications now point to some steadiness in ptg Iron following the recent buying movement, and it Is believed tha» tho cheaper tonnage* |n the Pittsburgh d:« tri't have been entirely disposed of Scrap is also showing a firmer tendency Price* for st‘-e| arc- barely steady and concession* are still reported The output of steel Ingots averages about 80 peT cent of max imum the range in finishing operat or!* '■arying In different departments from 10 per cent Upwards. There is more or le^* irregularity with steel mill schedules, es pecially with independent units. Piates, structural shapes and light rads ar< n demand, much under rated capacity, while tin plat*- and tubular goods remain the most active With finished specialties, stocks in the hands of jobbers are being depleted and buying for replacement ia of a hand-to-mouth character Greater stability in the cotton goods market j* again apparent wt h the higher prices for raw cotton, and operators ar« more inclined to provide for the;r future requirements Many New England mi is are still closed, or operating at only par tial capacity, but there will be some re newal of activity rext week Wage re ductions are still dtscussed, although le*« Is heard of that during the current week. Hem*- larger sale* of print rotha are ported, that market having been sTirnus^R by the advance In cotton. Print coths are heigher in price, likewise some of the sheetings Some mills are selling out 'h‘-1r stocks of * oiored cottons and higher prices are expected on new i* moving more freejj also the fine grades of ginghams A large part of th* -urrent trad.nv in the wholesale markets is done in small lota 'or early shipments and many buyers continue very conserva tive for future commitments. The new blanket season for the fall of 1924 is. as a rule, at a somewhat higher level of I prices, the advance in seme cases being from 5 to 20 per cent, although In other* instances the milla are quoting former prices. > The markets for hides and leather should be benefitted bv the recent heavv movement of domestic packer hide-, whi- h has continued during the past we^k and while much of the busine** accomplished was at sort-* concession in price*, th* market has recently become steadier in other varieties as well Trad er the other varieties ;■ restricted, a* holders of these ere disinclined to accept proportional* declines to the packer di vision. A notable feature has been the appearance In »his market of European • uyers especla'lv f r French a-court* who at the lower levels of prices for hides are trading here In somewhat larg er velum*, and this despite the differ ence on account of exchange. Quietness continues In leather, as shoe manufactur ers are generally operating at onlv par tial capacity, and are not disposed to enter the market, except in a very limit ed wav for cu-cent needs which are now very eh’ There is e*>m** inquiry fr specialty due* of upper leather but trad ing is not of importance. New York Bonds | By Associated Press. N>u- Tork. U* 1.—While pri^ea o? »n vestment and the more speculative bonds remained relatively firm dunnr th* !*-t there was seme coftraction n the vo ume of trading Bankers generaiiv <<>ntinned ©ptimistic and attributed the •hrht failing off in th* demand for Used *sues to the continued large amount of new offer.nrs of securities. New issues «ui>sortfc*d last week aggre gated f 4 4*2.i ' ■ as compared with 14*. '' the previous we-k Indication© do r.t to .»n amount » gh’lv in ej .«» of *• th*r of *h-»o f.rure* for th- ensuing ***** Annr.’jn -men; alreadv has been made of pub • ffer.ng ton rrow of |12**% S: Pau. Union depot t« nds T. •.*! offering- of new secyrit n >*• remt-er aggregated f'“4 S49.309, an n of $117 >44.559 over the same month last year There was litre In the news develop ments of the week to Jnf'uence domegt'e urines with the po*s hie except! n of :he announcement of additional railroad earnings for October. These reports een erally indicate improvement and stimulat ed activity in railroad mortgages Perhaps the most important d-velon « with the announcement of a definite plug of reorganisation for the Texas a Pacific rail wav c mpany. involving new financing end sa* sf* *■ ry *e-• -•»> en? w ith all th© road'a creditors No charge in the c»a m<--n s*r. k was contemplated in the plan. Foreign rovernme*>r h^nd* be str.e *r. ti\e anl stronger toward the end of the week as the result of seve-al important news development a. Including a prediction of early resumption of irstsre-t paymen’a •*n the exte-nal debt br the Mexican gnv ernn.cnt official denial by the a'ate de ■ vr'mcnt of reported difficulties in Cuba and reporta of improvement n the decrea of accord existing between the allies Important new offering* last week In cluded: f 12.090.9*0 12-vear t> *4 per cent Pan-American petroleum and transport transport convertible notes a*, prices to yield se'-n per cent; • l'VOOO.999 s r rr o*v;v 4 ... r cent federal lt-rmed-. •© credit banka farm notes at par; 17.709 - 000 2 to 12*year € ner cent Genera! Cigar munv. In. g« ’d notes a: pr ■ es ’• yield * Of per cent, and 17.009 .999 2 to 1; - ve*r f> per cent Baltimore St Ohio Equip ment Trust certificate* at prtcet t ■ y.elt 5 40 per cent. Pleads Guilty to Forgery. Collgnbus, Neb., Pec. —Charged with forging a check on the Hartford Produce company of Sioux City, for which firm he has been operating a cream and produce station at Puncan, Joe R Kozlowski. $0, entered a* pie.\ of guilty in county court this after noon and waived preliminary hearing. He was bound over to the district court and bend fixed at $300. Burglars Loot Store. Columbus, Neb.. lVo. ".—GalmtuT' entrance to the front door or by breaking a latch on a coal chute »t the rear, robbers las: night looted the Farmers Co-Operative store at Mon roe. Platte county, of merchandise valued at about $1,600. To Be Temporary Chairman. Kearney, Neb . Dec. f.—The Buf falo county democrats, at a recent in formal meeting appointed Rrui-e Old ham. son of the late Judge W. P. Oldham, temporary chairman of the democratic county organisation. Charles Courtney was designated tem porary secretary. Good bread flour is creamry rather than pure white flour, with a granu lar instead of smooth texture. UPDIKE GRAIN SERVICE CONSIGNMENTS— Your car of grain in our rare gate every advantage our long oarer,eoee and better facilitiea can give. The huaineea of thia company la founded upon the aoltd principle of looking out for our cu-tomere beat inteteata. Not Only RELIABLE SERVICE But SUPERIOR For a airly and aatiafartion'a aake have your billing read. “Notify LTDIRE “RAIN CORPORATION” at any ol the market# where we operate. TELEPHONE AT-LANTIC *SI* Upd;ke Grain Corporation OMAHA Cfcicftfo Kmmi City Milwaukee