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About The Omaha morning bee. (Omaha [Neb.]) 1922-1927 | View Entire Issue (Feb. 13, 1924)
t ■———— ■ ■■ ' ■■ ■ ..«N Coolidge Says Prosperity of Nation Is Dependent on Farms V J (Condoned Trom Pag* One.) upon the prosperous part of our country Is the utmost necessity that they should be willing to make sacri fices for the asalstance of the unsuc cessful part. I do not mean by that any unsound device like price fixing, which I oppose, because It would not make prices higher, but would in the and make them lower. It would not be successful and would not prove a remedy, hut I do mean that the re lourcea of the country ought to come to the support of agriculture. The organization recently perfected to supply money and management 'or the larger aspects of agriculture aught to have your sympathetic and active support. I am glad financial America Is moving In that direction. Tt will he less work and less expense lor you to meet this situation In that s-ay, for you will meet it; you will be iffected by Its economic, political and rornl results. War Half l’ald Fop. When an examination la mad* to ascertain some of the causes of these conditions, among th« first which suggest themselves is the amount and the method of national taxation. Out of an Income of about $80,000,000,000 the people of this country pay near ly $7,500,000,000 In taxes, which la over $63 for every inhabitant of the land. Of this amount the national government- collecfa about $4,300,000, 0OO. As a direct burden this Is a stu pendous sum, hut when It is realized 'hat In the course of our economic life It Is greatly augmented when it reaches the consumer in the form of high cost of living. Its real signifi cance begins to be appreciated. The national and local govern ments ought to he unremitting In I heir efforts to reduce expenditures and pay their debts. This the nation al government is earnestly seeking to do. The war cost of more than $40, 000,000.000 la already nearly half paid. Amid the disordered currencies of (he warring nations our money is. and has been maintained, at the gold standard. Our budget has long since been balanced, and our debt-paying program Is at the rate of $500,000,000 each year. In spite of all these ex penditures, the next fiscal year has an estimated surplus revenue of over $300,000,000. This represents s great financial achievement In the past three years. In the first place. It was necessary to provide for more than $7,000,000,000 of short time maturities. Tliess have all either been paid or refunded, ao that they will become due In the fu ture at orderly Intervals, when they csn be retired or further extended. When it Is realized that such large loans were made In a way thdt not only left business undisturbed, but was scarcely perceptible to the public, the skill with which Secretary Mellon managed them can well be appre ciated. Coincident with this was the even greater task of reducing national ex penditures. Through legislative en ^ ictment and executive effort this has sons steadily forward, and Is now prvceeding from day to day. Under i lie watchful care of the budget bu reau every department Is constantly striving to eliminate all waste and discard every unnecessary expense. Every reasonable effort has been nade to secure the liquidation of our nlernational debts. The largest, -hich was that of Great Britain, and which amounted with accumulated interest to $4,600,000,000, has been settled on term* that provide for Its payment over a period of 62 years. Interest runs at 3 per cent until 1933, and after that 3 1-2 per cent. This calls for payments In the Immediate fu ture of over $160,000,000 a year. They have the option to pay us In our own >onds, ajid in Its practical working his agreement does not Involve cash payments to this country, but simply i mutual cancellation of debts. The funding of the British debt was me of the greatest of international "inancial transactions. It had Its ef "ect on business confidence, which was world wide. It demonstrated the determination of a great empire faith fully to discharge Ita International obligations. In this respect it wss much more than a financial transac tion, It was an exhibition of ths high est type of international honor. It showed that the moral standards of the world were going to be main tained. Tax Bill Nonpartisan. All of this has laid the foundation for national tax reduction and re form. In time of war finances, like ADVERTISEMENT. CHARACTER TELLS THE STORY! Peopla throughout this oountry are giving more thought to hygiene and to tha purity of remedies on the mar ket, but no one doubts the purity of Doctor Plrere’s vegetable medicines, for they have been so favorably known for over 50 years that every one knows they ars Just what they are claimed to be. These medicines are the result of long research by a well-known physician, R. V. Pierce, M. D., who compounded them from health-giving herba and roota long used In sickness by the Indians. Dr. Plsrce'a reputation ns a leading and honored citizen of Buffalo, Is a suf ficient guarantee for the purity of that splendid tonic and blood medi cine, the Clolden Medical Discovery, and the equally fine nerve tonic and system builder for women’s aliments. Dr. Pierces favorite prescription. Pend 10c for trial package tablets to Dr. Pierce's Invalids bUdel, Buffalo, fiew York. •* aH else, must yield to national de fense and preservation. In time of peace, finances, like all else, should minister to the general welfare. Im mediately upon my taking office it was determined after conference with Secretary Mellon that the Treasury department should study the possi bility of tax reduction for the pur pose of securing relief to all tax payers of the country and emanci pating business from unreasonable and hampering exactions. The result was the proposed bill, which is now ponding before the congrese. It is doubtful If any measure ever received more generoue teetlmony of ap proval. Opposition has appeared to some of Its details, but to the policy of Imme diate and drastic reduction of taxes, so arranged as to benefit all classes and all kinds of business, there has been the most general approbation. These recommendations have been made by the treasury as the expert adviser of the government. They fol low, in their main principle of a de crease In high surtaxes,' which Is only another name for war taxes, the views of the two preceding secretaries of the treasury, both of them demo crats of pronounced ability. They are nonpartisan, well thought out, and sound. They carry out the pol icy of reducing the taxee of every body, especially people of moderate Income. They give to the country al most a million dollars every working day. The proposed bill maintains the fixed policy of rates graduated In proportion to the ability to pay. That policy has received almost universal sanction. It is sustained by sound arguments based on economic, social and moral grounds. But in taxation, like everything else, It le necessary to test a theory by practical results. The first object of taxation la to secure revenue. When the taxation of large Incomes la approached with this in view, the problem le to find a rate which will produce the larg est returns. Experience does not show that the higher rate produces the larger revenue. Experience is all the other way. When the eurtax rate on Incomee of $300,000 and o\-er was but 10 per cent, the revenue waa about the eame as It was at *5 per cent. There Is no escaping the fact that when the taxation of large Incomee Is exces sive, they tend to disappear. In 1916 there were 106 Incomee of $1,000,000 or more. Then the high tax went into effect. The next year there were only 141, and In 1918 but 07. In 1919 the number declined to 66. In 1920 it fell to 38, and In 1921 It was further reduced to 21. I am not making any argument with the man who believes that II per cent ought to be taken away from the $1,000,000 Ineome, er 61 per cent from n $5,000,000 Income; but when It le considered that In the effort to get these amounts we are rapidly ap proaching the point of getting noth ing at all. it le necessary to look for a more practical method. That can he done only by a reduction of the high surtaxes when viewed solely as a revenue proposition, to about 25 per cent. T agree perfectly with thoee who wish to rails vs tha small taxpayer by getting the largest possible con tribution from the people with large income*. But If the rates on large Incomes are eo high that thay disap pear, th# small taxpayer will be left to bear tha entire burden. If, on the other hand, the rates are placed where they will produce the most revenue from large Incomes, then the small taxpayer will be relieved. The experience of the Treasury depart ment and th# opinion of tha beet ex perts place the rate which will collect most from the people of great wealth, thue giving the largeet relief to peo ple of moderate wealth, at not over 25 per cent. Tax System Hits Farina. A very Important social and eco nomic queitlon 1# also Involved In high ratm. Thle la the result taxation has upon national development. Our progress In that direction depends upon two factors—psrsonal ability and surplus Income. An expanding pros perlty require* that the largest poe ■ible amount of surplus Income should be Invested in productive enterprise under the direction of the beat person al ability. This will not he don* If th# rewards of auch action ar* very largely taken away by taxation. If w# had a tax whereby on the ftret working day th* government took S per cent of your wage*, on th* second day 10 per cent, on th* third day 20 per cent, on th# fourth day JO per cent, on the fifth day 80 par cant, and on the sixth day »0 per cent, how many of you would continue to work on th* last two day* of th* week? It la the asm* with capital. Surplus income will go Into tax-exempt secur ities. It will refuse to take the rlak incidental to embarking In business. This will rale# the rate which estab lished business will have to pay for new capital, and result In a marked Increase In th* coat of living. If new capital will not flow Into competing enterprise th* present concerns tend toward monopoly. Increasing again th* price* which th# people must pay. Th* high prices paid and low prices received on th* farm ar* directly due to our unaound method of taxation. I shall Illustrate by a slmpft* example: A farmer ships a ataar to Chicago. Hla tax, the tax on th* railroad trans porting th# animal, and of th# yard# whers the animal Is Sold, go Into th* price of th# animal to th# packer. Th# packer'# tax goaa Into he price of the hid* to the New Engle nd eho# manufacturer. Th# manufacturer'# tax goes Into th# price to th# whole ealer. and the wholesaler's tax goes Into th# price to the retailer, who In turn edds hi* tax In hla price to hla purchaser. go It may he aatd that If the farmer ultimately wear# the ehoee he paya everybody'# taxes from th# farm to hie feet. It la for this reason that high taxes mean a high price level, and a high price level In Its turn mss ns dif ficulty In meeting world competition Most of all. th* farmer suffers from the effect of this high price level. In what he buys he meet# domestic cost* of hlg taxes end th* high price level. In what he sells he meets world comp* lltlon with a low price level. It Is essenttsl, therefore, for the good of the people as a whole that wa pay not »o much attention to the tax jiuiifi directly by a certain number of [the taxpayer*, but w* must devote our efforts to relieving the tax paid Indirectly by the whole people. Taken altogether. 1 think it la easy enough to see that I wish to include in the program a reduction in the high surtax rates, not that small in comes may be required to pay more and large Incomes be required to pay less, but that more revenue may be secured from large incomes and taxes on small incomes may be reduced; not because 1 wish to relieve the wealthy, but because I wish to relieve the country. The practical working out of the proposed schedules in best summar ized by the treasury experts, who And that $32,000,000 a year will be saved to those who have incomes under $6,000; $52,000,000 to those who have incomes between $6,000 and $10,000: and that less than 3 per cent of the proposed reduction would secure to those who have Incomes of over $100, 000. A married man with two chil dren. having an income of $4,000, would have his tax reduced from 428 to $15.75; having $5,000. from $68 to $38.25; having $6,000, from $128 to $72; having $8,000, from $276 to $144; and having 10,000, from $456 to $234. To Get Rid of Nuisances. In order to secure these results, the administration hill proposes to reduce the tax on earned Income 25 per cent, and the normal tax on un earned Income also 55 per cent. This would apply to all lnoomes alike, great and small, and would provide general and extensive relief. Further reductions would he secured by in creasing the amount of income, ex empt from surtaxes from $4,000 to $10,000, Such surtaxes increase progressively until on Incomes of $100,000 or mors they reach the maximum of 25 per cent which, with th* normal tax of $ per cent, make large incomes pay in all 31 per cent. Tt Is also proposed to repeal many troublesome and annoying rates, such as admission taxes and sales taxes, the existeno# of which is reflected in the increased cost of do ing business and the higher prices re quired from the people. That Is the tax measure which has been proposed and which has my sup port. Because I wish to give to all the people all the relief which It con tains, T am opposed to material alter ation and compromise. It ts about as far removed as anything could be from any kind of partisanship. At least, T do not charge that thsre is sny pnrty or any responsible party leadership that admit* It la oppoied to making taxes low and tn favor of keeping taxes high. But the actions and proposals of some are liable to have Just that result. T stand on th# simple proposition that th# country Is entitled to all the relief from th* burden ef taxation which It Is possible to give. The pro posed measure gives such relief. Other measures which have been brought forward do not meet this requirement. They have th# appearance of an In direct attempt to defeat a good mess urs with a had measure. You have heard much of the Garner plan. Brought forward to havs something different, it purported to relieve the greatest number of taxpayers. It gave not the slightest heed to th# Indirect effect of high taxes, or to ths ap proaching drying up of th* sources of revenue and consequent failure of the progressive Income tax. or to the'de •tructton of business initiative. It Is political in theory. When th* effect of Ite provisions was estimated it meant a loss of revenue beyond any expected surplus. Tt Is Impossible In practice. Th# people will not be mis led by such proposals. It Is entirely possible to have a first class bill. I want th# country to have th# best there is. I am for It because it will reduce taxes On all classes of income. $ am for it because it will encourage business. I Am tor it because it will decrease th# cost of living. T am for It because it la economically, socially and morally sound. But the people must understand this Is their fight. They alone can win It. Unless they make their wishes known to th* congress without regard to party this bill will not pass. 1 urge them to renewed effort*. Since August. Ill*, the public debt has been decreasing. About $4,500, 000.000 has been paid off. This means a reduction in Interest of almost $200, 000.000. It ts of ths utmost Impor tance. In order to be able to meet a fast approaching foreign competition, that tn keep buslneea good and pre vent depression w# reduce our debt and keep our expenditures as lew as possible. Thee# are the economic reasons why the granting of a bonue would Jeopardise the welfare of the whole country. It was estimated that under the bonus bill which was voted, If alt the beneficiaries had taken the certificates which It was proposed to Issue, the plan would have coat $2211, 000,000 annually for the first four years, and a total of $0,400,000,000. Prosperity Better Than Bonue. This would more than destroy ell the great labor which the country has gone through for the purpose of re ducing Its debt. It would mean the Indefinite postponement of any tax re ductlon, another Increase In th# cost of living, more drying up of the re sources of credit, and a probable rale Ing of the rates of Interest; all of which would result In Inflation and higher prices, with th# grave danger of ultimate disaster to Our financial system. We have been through one period of deflation. Nearly all the men on the farme and many of the men In business have not yet recov ered from It, and the country cer tainly doe# not wint to take th# risk of another like experience. A few months of good times are worth more to the service men themselves then anything they could receive In the way of a bonue. But this question goes dseper than that. I am aware that some man made money out of the war. Many of them lost what they made, but not all. No doubt there are some such who era Justly to he criticised for greed end selfishness. Unfortu nately they would not pay the bonue. It would have to be paid by the coun try. I have already undertaken to demonstrate that taxes era paid by the great masa of the people. It Is necessary to consider whether there be any moral Justification for placing sll the people under this great bur den. In order to pay eoma money to a part of the people, many of whom do not want It end are offering pro nounced objection to It. A very large lod.v of service men do not want the bonue, and object to being taxed li^ order that It may be paid. Their re quest la entitled to Just as much con sideration as the request of those who do want It. They Are Just as eager now to save their country from financial disaster as they were for early tn^hava It from military dla aster. They are entitled to be beard. --- This question ought to be decided in accordance with the welfare of the ivhole country. No one doubts the patriotism of those who advocate the bonus. No one denies that the country owes a debt which It never can pay to thoee who were in the service. Their disa bilities must be Recompensed, their health restored, their dependents sup ported; all at public expense. They are entitled to the highest honor. But the service they rendered was of such a nature that it can not be recom pensed to them by the payment of money. America, was not waging war for the purpose of securing spoils. The American soldier did not enter the service for the purpose of secur ing personal gain. I have lately undertaken to define the outline of the foreign policy of the present government. Nothing has occurred since my message to the congress that requires any change In that policy. The prospect of a European settlement, however, has arisen, which holds some promise. Three Americans of outstanding and well seasoned ability have been called to give their expert assistance and advice. They do not represent our government. Their only official standing comes from their being agents of the reparation commission. Vet they can not help being Ameri cans, and will bring to their prob lem not the point of view of the American government but, what may be more effective, the point of view of the American mind. Without doubt any settlement would call for a European funding and financing, which would be of doubtful success without American participation. The export of such capital as is not required for domes tic business, and which the American people feel can be profitably done, having in view the financial returns, enlargement of pur trade, and the dis charge of moral obligation of bearing our share of the burdens of the world, entirely in accordance with the choice of our own Independent judgment, ought to be encouraged. Our government does not want, war anywhere. It wants peace every where. It does not look with sym pathy upon the manufacture or sale of arms and munitions by which one country might make war upon an other country. It recognizes, how ever, that every government must necessarily maintain some military establishment for national defense and the policing of Its own domain. For such incidental purposes there could be little criticism If our govern men or private Interests, having the necessary equipment, should furnish It. But it is a traffic which w# wish to discourage, rather than encourage. We do not believe In great arma ments. Especially are we opposed to anything like competitive armaments. While the present time does not ap pear propitious for a. further effort a* limitation, should a European set tlement ba accomplished, iomethlng might be hoped for In that direction. The United State* stands ready to Join with the other great power*, whenever there appear* to he reaaon abl* prospect of agreement. In a further limitation of competitive armaments. Sale of Arm* Friendly Art, A situation haa recently arlaen In Mexico which haa caused aom* solici tude. W* recognise that tha people of that country have a perfect right to set up and pull down government* without any Interference from u*. ao long as there Is no Interference with the lawful rights of our government or our citizens within their territory. We do not harbor the slightest desire lo dictate to them in the smallest de gree. We have every wish to be friendly and helpful. After a long period of shifting and what appeared to us to be unsubstantial govern ments in that country, ws recently reached the opinion that President Obragon haa established a government which Is stable and affective, and dis posed to obaerv* International obliga tion*. W’a therefor* recognized It. Whan dlaorder aroa* there, Preal dent Obregon aought the purchase of a small amount of arms and munitions of our government for the purpose of Insuring his own domestic tran quillity. W* had either to refuse or to comply. To refuse would have ap peared to be equivalent to deciding that a friendly government which we had recognized, ought not to be per mitted to protect itself. Stated in an other way.it would mean that wa had decided that it ought to be overthrown, and that the vary agency which w* had held out as abia to protect the interests of our rltiaona within it* borders ought not to he permitted to have the mean* to make such protec tion effective. Mfy decision ran in a counter direction. It was not a situation of our mak ing, but one which cams and had to be met. In meeting if, I did what 1 thought, was necessary to discharge tha moral obligation of on* friendly government to another. The aiipreni acy of the Obregon government now appears to be hopeful. Whatever may be the outoome. w# are not responei bl* for it. Wa did what I believed was right to do under the clrrum stance*. It wa* don*, not for the pur pose of protecting any particular Indi viduals or Interest*, but to *z*rc|s* a legal right, while at the aame time throwing our Influence In favor of orderly procedure and evfdenrlng our friendship toward the friendly govern ment of Mexico. Any other course would api>*ar to me to he unworth) of our country. I propoee to continue whatever coure of action la cuetomary between enure# of action I# euatomary between no further action maybe neceasary. t shall continue to afford protection In accordance with the requirement* of International law, I propose to pro tent American lives and American right*. lately there have been most start ling revelation# concerning the lea* Ing of government oil land* It Is my duty to eatend every' Individual the conatltutlonal tight to the pre sumption of Innocence until proven guilty. But l have another duty equally constitutional, end even more Important, of securing tha enfon a ment of the law In that duty l do not Intend to fall. Character I* the only secure found* tlon of the stale. We know well llial all plana for Improving the machinery of government anil all meaauro* for social betterment miserably fall, and the hopes of prngrea* wither, when corruption touches administration At the revelation of greed making Its subtle approaches to public officers, of the proatltdtlon of high place to private profit we are filled with scorn and Indignation We have * deep sense of humiliation at sut'hygri-.s lie trayal of trust, and we ItAnem the undermining of public confidence in official integrity. But we can not rest with righteous wrath; still less can we permit our selves to give way lo cynicism. The heart of the American people is sound. Their officers with rare exception are faithful and high-minded. For us. we propose lo follow the clear, open palh of justice. There will be Immediate, adequate, unshrinking prosecution, criminal and civil, to punish the guilty and to protect every national Interest. In this effort there will be no politics, no partisanship. It will be speedy, it will be Just. I am a republican, but I cannot on that ac count shield anyone because he Is a republican. I am a republican, but 1 cannot on that account prosecute anyone because he is a democrat. I want no hue and cry, no mingling of innocent and guilty in unthinking condemnation, no confusion of mere questions of law with questions of fraud and corruption. It is at such a time that the equality of our citizenry Is tested—unrelenting toward evil, fairminded and intent upon the re quirements of due process, the shield of the Innocent and the safeguard of society itself. I ask the support of our people, as chief magistrate, in tent on the enforcement of our laws without fear or favor, no matter who is hurt or what the consequences. Distressing a» this situation has been, it has its reassuring side. The high moral standards of the people were revealed by their Instant reac tion against wrongdoing. The officers of the government, wthout repect to party, have demonstrated a common purpose to protect government prop erty and to bring guilt to Justice. We have the trials and perplexities of our day, but they s£em Insignificant com pared with those which taxed the gen ius of Lincoln. The government maintained itself then; the govern ment will maintain itself now. The forces of evil do not long triumph. The power of justice can not long be delayed. The moral force of Lincoln Is with us still. "He that keepeth Is rael shall neither slumber nor sleep." Omaha Grain Omaha, Feb. II. Th« Otnaba and Chicago grain markets and other principal gram markets of the country are closed today, the anniversary of I.lncoln a birthday, a legal holiday in moat states. Numerous suggestions were mads to tha Department of Agriculture with a committee of 2«. representing farmers the grain Interests and other* at Wash ington recently. Amongst the changes suggested were thet during the crop growing Severn that two crop reports be issued per m«>nth on wheat, corn and oats for at laaat two months prior to the harvest!/ g of melt ctop. The depart ment »** arked to gathar and publish periodically all available fa-'t# relating to the demand at home and abroad for American grain* and grain product* Com plete Information aa to per capita con sumption of wheat in thia country la naked for. Extension of government pri vate wire service was also recommended. Corn Market Notes 4 Omaha ban been having a fairly largo run of corn lately, but a larger movement >s looked for during the next two wteka 1 he weather and the roads have not been favorable to the movement of corn In the country for 10 days past, and the roada are no* In good rendition yet. Omaha haa been running along cjoae to the largest markets 1n ths country on »orn receipt* and the heavy yield In this territory will probably place Omaha in second or third rank among th* corn markets thia year. Douseaflo Industrie* have not been In the market very actively for corn dur | Ing the last week or two. and it is aeid many of them believe that prices will be lower within a ahort tim*. which la tha reason they are holding off from buying except for current needs. The local Industrial demand has been fairly active, and haa absorbed a fair part of local offerings during the laet 10 daye. On the other hand, many producers and shippers are aald to be holding their corn for higher prices, so It is a gam* of wait an<1 watch on both sides of the cash inarkst well as on the future market. It may not throw much light on th* market situation, hut it Is aur S rising how many country newspapers av* been carrying Items to tha effect that corn I# "scarce and high" In the Omaha territory. Feeder* have been bid ding up the prlee In the country dis trict and actually taking corn away from th* country shipper* However, many points report that there Is no scarcity and Judging by th* large crop harvested lest fall, it seem* impossible that there should be s scarcity of corn anywhere In th* Omaha territory, Iowa. Nebraska or South Dakota The eiport demand for corn hee been Increasing lately, and Omaha hee been getting Its share of this trade ?*. Txmia alao reports a more active export de mand for corn lately, ea well *• New j York However, the official figure* on North American corn exports do not ehnw aa targe exporta of corn for leal week as the week previous, hut the de mand of the present time will no doubt be Indicated In la»er reports of the ex port movement. Total North American exporta for the last week were 470.000 huahela against RRO.ftftO bushels for the week prevloue and 1.110.0*0 lest y**r. Neither are primary receipts for last week quit* aa heavy ae the week pre vioua. 5.101.*00 buahela against J.211.000 buahela. Receipts of com at Omaha last week were somewhat leee than 1.00° rare, while the meek previous the total run waa a little more than 1.000 care rrl mary shipment* lest week were buahela. aa compared with 717.000 buahela the weak previous. It Is Interesting to note the velum* «f corn future ealea on the Chicago Hoard of Trade as compared with the volume of seise on other grain*. For *\f* on the 0th wheat *»1** "«£• 1«.•••.**•; corn, * 022.00ft; oats. 1.I0J.0OO; rye. M4. ftOft. The corn futuie* eel** ere generally About In the proportion noted ebove. or shout 7 R to in per cent of fb* wheat sm lea. and about 1R to 4* p*r.cent of the total grain futures sales Th* ••»;* noted shove indicate the number of bush els 'hanging hands The demend for reeh corn on the «*lw pnol market has been attracting oopgld era hie attention lately as well as the price el that market, where corn !■ log slight lv higher than wheat. Tin* la an unusual situation and aigniricant. A* an tnflu.nc. on lb. norn *».li and future th» Inert... jPJ I'nllod Ht • t •• \l*lbl. ■Vll’pb. Tfport.d i.M.rd.' l" lmp.ut.nt Inn r.«.» 1 3«« 000 huiib-1. ov.r th. «'<» Pr« Th. nr..»nl Ml.l »(»'*»'• "opply I. 10.7SI.non. hnyfvir. r»l»llv«ljf | Jnr H,i, tim.. of i»«t A >»»r «.« lh« toul ,va, j; «73.nno bu.h.i. Th. r.rori loi'Uy «ho»od 111* I"'.*"' Iner.... In , nrn Ktippil** r*. nrd.d for mw I " J P«.| .nop|)ll*« «' prlmnry marbnln h.v. not ' n**n .. multi In". *V *p' nnre the new nop began to tn«v* an«I r.r.lpl. ... join, into ' ""•“"iP' J" "n M fast ae received. «" the Urge " or.... r.portod yr.i.rd.y in.y b» *>. nif leant future prices sold off on the r*por"on firofi, -Ul»«, wtll.h £•*.».£ .... .nrlbuifl by many tn tb* ” btlti. Infiu.np.il nior* by »bn b.llK «»»« . much l«rt*r run of corn I. .bout to atari __ _ london Wiwil. t.ondon. Feb. I? At the closing of the wool auction eties today. P£r#* steady although below the bast real *• non* of the sale There were some with ers wale, immediate reqUlr*m*nta appar ently having been xatlafied Todays of fering* egg» rgated 12,177 bales Compared to th* previous eerlea or sale* ftiorinns were from R t« 1* per cent .lesrer i'rnM bred*, fine and medium wets 1ft per cent higher, and coarse 1R per cent up Capes. fine greasy and ‘.now white* were from R to 10 per cent higher end puniae were !h per cent dearer. T|m home trade bought 41 ftftft hales; the continent et.ftftft. and America. 4.000 A lot of 10.073 hales w-aa held over. Turpentine and Rosin. Savannah. «»e r>i< 1? Turpentine firm, 9 4' sale*. 7? bbla ; receipt*. 94 bhle . shipments, 131 hbl* ; etock. 10.044 bMs floiln *^ulef . no males receipt*, 700 cask* shipments. 4 444 caeka. elftck. 04.474 c**k* Quote H lo K. I4 4ftfl 4 42 «4. T O H. I $4 42»4 #1 4 4.S , K 94 so. M OR Oft. N. • Rift. Wtl, f 4 •! ft; "IV \. M RI04 R0. New 1 ork 41 eta la. N*w York. F*i‘b. |i Copper Market quiet . «»leot roly tic. spot and neat by, 114* 0 11 *« c . f unite* 12 44' Tin Mm ket casiei • spot and near by, • ft.' 7k. future* $o1 '.'R lion Mat Km nt*ady. No 1 northern. • 21 00014 On. No 2 northern |2i RO0 21 ftft. No southern 111 000 /3 Rrt lead Market steady, epot, M1R0IRO \ntlmAity Spot, $io Rft t hlcago roulfry. . t hj< ego. fab, K —roultry—L.I'* un [changed ^ Chicago Grain y By < HAKLKN J. MTDKN. Chicago, Feb. 12 Attention of the grain trade was centered In the foreign markets nt Liverpool and Winnipeg to day. the domestic ex< hang*-* being cloned In observance of Lincoln's anniversary. Liverpool wheat opened irregular with a firm tendency but broke badly and closed \ to 1‘i pence lower. Winnipeg aver aged steady af first but finally gave way and finished >* to Sc down. A message from Winnipeg over the private wires of Logan Ar Hryari explained the sharp decline at Liverpool as owing to the settlement of the dockers' strike In the L'nlted Kingdom. The Canadian mar ket reported that outside orders w<-re mainly on the selling side with occasion al purchases of May wheat around 11.04 by cash houses Quite s number of grain trader* were present In the corridors of the local •?.-] change today. An early setback v fs looked for in wheat futures tomorrow n response to the action of foreign man efs today. The domestic trade, howev *\ Is paying no little attl n t ion to the re.t i - tlon of spring wheat acreage '.his year and the earnest efforts by the govo nm*-i.t to render financial aid in the northwest. Chicago Butter. Chicago. Feb. 12.—The butler market h»re appeared to be heavy, both on top grades, on whole milks and centralized cars today. Undergrade* continued in good shape. Receipts were heavy and stocks of fine butter on dealers’ floors showed considerable accumulation. Of ferings of top acorea were liberal at stated prices. The car market was inactive and buy ers were unwilling to pay more than 61c for 90 score cars. Fighty-nlne score cars were dragging. Fresh Rutter—92 score. 51c; 91 score, 60f/fcc; 90 *core. 60c; 89 score, 49 Vic; 87 score. 47*^c; 8*> score, 4GW Centralized Carlots— 90 score, Sic; 89 score, 50c; 88 score, 48V*r. < hlcago Potatoes Chicago. Feb. 12—Potatoes—Trading very light; market weak, especially on Idaho Russets, receipts. GJ> cars; total United States shipments. 675 cars; Wis consin sacked round white*. *1 2ftf&l Minnesota sacked round whites, || lf>^ 1.26; Idaho sacked Russets, S2.26&2 40. Q Omaha Livestock j •Jins ha. Feb. 12. Receipts were: ♦■’attle Hogs Sh"*»p Official Monday ... 9.203 14.566 1.>.367 Ksnmate Tu-sday . .1‘».000 15.000 10,000 Two da;s this week 13.209 30,0*6 2: .3^7 Same days last wk, 12.774 19.766 19.425 Same 2 wks. ago... 17,033 36,633 1 7.424 Same 3 wks ago . I6.S9H 27.664 26,492 Same day* yr. ago. 19,612 31,666 26,936 Cattle—Receipts. 10,000 head There was active competition from both pack ers and shippera for the strictly good to choice beeves at ateariy to jitrsng prices, some bringing 19 9 66. Hulk of the supply consisted of plain and medium sle-ra end on the** trade was very sio^w with bids and sales steady to 10O16' lower than Monday. The same was Iru* as to • ows and heifr?i« Offering* of stock rattle and f-edmg *'eer* were com paratively limited and prices nominally steady Quotations on rattle: Hood to choice beeves, f9.00ft 9.*5: fair to good beeves $7.$501.16; common to fair beeves. $7.00 #7 75, fair to good yearlings, $7,760 9 00. common to fair yearlings, $6.25 0 7 00; good to choi'-e fed hrif***, $6,500 7.60; fair to good fed heifers. $6 25ft 6 50, common to fan fed heifer*, $4 50$ 6.26; gocd to choice fed cow*, $5,000 $6 25; fair to good fed • ©ws. $3 750 4.66; common to fair fed cows. $2.250 3 76; good to choice feeders $7.kf'08 25. fair to good feeder* $*> 5<»fp7.40, common to fair feeder*. $ "0 6 50 good to choice Stockers, $7 «©0$.OO fair to good Stock er* $6 <»■ -q 7.no. common to fair Stockers, $6 0006 00; trashy stackers. $4.0006.00; stock heifers, $2.75$ 5.60, stock cow*. $2 7602.75; sto. k calves, S4.ftf>07.St; leal .liven 14 O'j 0 11.60: bulls, stag*, etc, $3 50 0 6 06 Hogs—Receipts. 16,7.00 bead ^matter supplies than expected both locally and at outvide point* together with higher trends »t the latter ss«e the market a strong tone from the ortser this morn Ing Demand from shipper* wv* fa;r snd movement began at pri e* around 6 0l/'c higher than Monday. Packers were a lit tle reluctant in following the shipper ad vance but a few **l*s made e*r|y showed around 6c to possibly iOr upturn Bulk of th- *a 'e* *vas msd- at $6 564/$ , ft with top for t h* dm $6 75 Sheep- -Receipt*. l^O^O head. Favor able advice* from oth-r market renters togethex with only mod- ate »opp4ie« gave local tad- s attune attitude in »h>* morn tng* session t ompetition among local packer* was fairly kr-n and clearance was noted at a 10016c advan.. Very few feeder* were »t hand and the market quota bly stead- Aged sheep followed the upturn in fat iambs advancing 15 0 25c over Monday. Quotations on sheep snd lamb*: rat lamb* rood to choice. $1 J.5ft0 14.26; fat lambs fair to good. $12 4*013 25: clipped lamb*. $11 76012 00. feeding lambs. $12 2j 013.75: wethers. $7.0009 00. yearlings, $9 06012 00; f»l e\* e* Itvfet, $7 0^06 76. fat ewes heavy. $5 0006.76. Receipts ard disposition of live stock at the t’nion Htockyarda, Omaha, for 24 hours trdrng at '< p m February 12. R EC EI PTH—O A R IAJT Cattle Hogs Kheep Horana and Mule1 Wabash R R . 2 Mo. Par Ry. . . ft 2 i l\ r R R 142 3? 12 1 r. A N. W west 4 8. A N W . east 7 4 7 7 21 C, m. P M. 4 ft. 4 . r. B A Q. east .2! 12 C. P A- Q west. 70 34 24 ... C. R I 4 P east 20 ' 2 C. R TAP weat 5 .7 2 I C R R 5 5 C. G. W. R. R 9 4 12 Total Receipts 40“, 22 o 94 1 DISPOSITION—HEAD. Cattle Hoga Sheep 1 Armour A Co M< 2172 3131 Cudshv Tack Co 1124 *254 24J4 l*o|d Parkin* Co 2*4 ::»l Morrla Packing Co 50* lilt 1122 Swiff A Co 1147 1441 211? Hoffman Bros 2 Mayerowjch A 3 ail ... 15 Mid weat Packing <*o. . 2 3 ... Omaha Packing Co. 10 . John Roth A Sons ... 4 A. Omaha Pack Co. 2ft .... Murphy, J W. |*9? .... Swarf * A Co . 924 _ Lincoln Talking Co. 134 . Wilson Packing Co . 123 .. . .... Anderaon A- Hon . 4 2 . Bulla. J II 1 .. Cheek. W H 1ft . Christ»e. F O A Hon ... « . Dennis A Francis .... 172 .... .... El Ms A Co. 17 . Harrs?, John . 2.3* . M ut singer A OMvar. 4 ... . .. lnghram. T. J . ft . Kellogg F G. Hi . Klrkpatrl k Bros. 74 Krehbs A Co. 7 4 . Longman Bros 1tt» . ... ’ * I.Uborger, lfrnry S . 1.3 4 . Mo Kan C. A C Co ... . 47 Root. .1 Tl A Co . . . HI Rosenslor k Rioi 24 ...! Har»ent A Finnegan to Hmllev Bros . 40 Hull I van Brn.v to ’ ’ W en helmer A Degep .124 Other buyers . 423 1*14 T*'«l TI»« |S«|1 JSJ; Chicago IJtsatAck. « hieago. ksb 12 —Cattle Receipts 11.. 000 good to choice grades beef steer* especially weighty kind, attoog. lower grades, dull. - lo»mg 15 to 2ftr lower, numerous loads unso'd at noon; top ms twred steer*. $11.SO; average weight. 1 l pounds, several loads weighty buMotks. tie .50 11 3ft; some 1.(»74 pound averages. $11 1ft- short fed steer* rather numerous Si fed offering* making. »7.»«.09,s# yearlings scarce, b.»st youn siers $!«*>(* she siock and hulls ateadv to strong, desirable beef heifers shade higher In spota she stock contingent comparative!} small; bulk bologn* bull*. $4 Tin 5.Ort. beef bulla $5 000 c 5Sf *r cording to weight and condition yegi •*alveM closing. to $| lower, being $1 to $2 under is> -ni high time bulk light vealrra to packers. $9 5O0io$n ouistd cis tuiving sparingly around $12.$O0i;;,o for select ed handy v eight kind. Stockers and feeders steady to weak, plain, qnal* Itv .thin offerings verv slow Hbgs • It e o» i p t s. bead. early trading fsirlv active, mostly 15. higher than Monday's average spots show mote advame, shippers took *7 000. Mg park ets bidding sieadv with 2H,t»b«» unsold at noon, bulk dssiiable offerings $7.0041 7 10: 1op. $7 I, hulk good and • holce tto to tftO pound averages. B TiQilJ'', bulk parking sows. $4 0009 20 slaughter pig* strong fo 2 5c higher; bulk desirable strong weight. $4 00Qr; .n Hhcep and Lambs -Receipts. 17 ooo head, fat lambs early mostly to ship peis. steady to weak, closing 1 ftc to gsc tower, sheep and feeding lamb# vnv scarce, about ateadv , bulk fat wno>e»v lambs $14 250 14 * .*• top. $14*5 goo.I ellpjved lamb* $12 00; brat fat ewes a few bead $* no. auegbjg lot. $« «.> heavies mostly $< 25 0* 50 good feeding lams. Ill 2ft, good to choice I nd $17 ;>* Siouv I Hy Livestock HMUV * it v Is Fen 13 «'*U1* Tie •■•ipta, 2 oao head, market alow killers steady. Ifto lower. slocker* *tes<1v to strong, fa* at*et* and yearlings. $4 o40 10 50, bulk $7 oo0f oo. fat cows and helfgv s $4 0007., iv rannara ■ g \ ■ •met*. $ 1 o i> 0 j n iv « \ * 4 00 oo. feed* t a $9 0007 M sto. Kara. $5 0007 25. stock vearllngs and calve*. $4 0007 00. feeding c*vva ami heifers. $ 000 I :4 Hog* Receipt* 14 on»» head market ’5c higher; top. $4 70. bulk >*f esles $4 75 04 70 light lights *5 900 s 25; mixed, $4 2*. 4i *5i hesvv pa* kera $.-400* 00 Sheep Receipts 2 000 head market 10 to 45c higher top lamb* $14 25, feed Ing Inmbs $13 50. 1 ght ewe*. $9 25. Kansas City IJveetock Kansas Otv. Feb 12 tl'nlted Htatea Department of Agi culture * vat*lr Ite • elpia 9.000 head, calves 1,500. ettrcmeiv slow «*n beef Steers, esrlv sates vvagk ol 1 lower nothing "f ••m^ - .uencs • v|d f e >• salsa yearlings $3 750$ I • looks ^fesdv . natter grades fat cows sod heifers . koth#i aka gtock steady. bssf oowa aiogtl? $4.6004.26: feed heifer* up to $8.76: bill'* weak to I’"-- lower; bologna. $4 2504.76; rapes 60c lower, top sealer*. $11.60; bulk other*. $4 0007 50; ato« ker* and feeder* steady to a shade lower; bulk all other classes. $6 0007.00. Hogs—Receipt*. 13.000 head; 6 to 16c higher, shipper top. $6 90; packer top. $6.85: hulk of sales, $6.4006.86: most packer* holding hack, good to choice 20'» to 300-lh butchers $6.iO06.8f»: hulk 16" to 100-lb. average* $6.2506.66; 130 to 150-lb. average* $6 8606 20; packing sows mostly $6.0006.16; stock pig* fully atrady; bulk. $4.0006.00. Sheep—Receipts, 4 000 head; early sale* lamb*. 10 to 26c higher; top. $14.66; others around $14.50; all c. lasses very alow, early ad\an<e lost- sheep 10 to 15c higher, to; ewes. $0 15. S|. I*iul* l.i restock. East St Louis, Feb. 12. —Hogs -Re ceipts, 21.000 head: opened 5010c higher; closed 15020c higher; top. $7.26; hulk good butcher* and li£bt hogs, $7,160 7.20: pigs and light*. 2»<* higher at $6.75 0 7.00 for good 150 to 160-pound kind*, desirable 110 to 130-pound piga, $5,750 6.75; packer sows mostly $6.00. < lit tie—Receipts, 4 000 head; beef *feer*. butcher she atm k and bull*. 150 26c lower: fanners and atoeker steers steady; light vea*era opened $13-260 13.50; closed $12.75013 00; heifers hard to move; bulk steers. $7.250 8 35; top steer*, $9 10; light yearlings, $6.400 8.50; (owl, $4.2506.50; -annerr. $2.2602.50: one load $2.10; bologna bull*, $4.uU0 6.00; stocker steers, $5.7606.60. Sheep and Lambs—Receipts, 2 00° head; stead v; two load* choice na*i\* lambs to butchers. $14.60; packer* paid $14 50 for good westerns; choice kinds lacking '••rjy. larg • part of run still back; few good clipped lamb*. $11 5ft; one load choice quality, $12.00; no early •ale* alivcp. St. 4o*epli Livestock Mt Joseph. Mo. Feb 12.—Hattie—Rr celpt*. 2.30ft head; generally steady; butcher* closing wieak to 10c lower: bulk of steer* $8.250 9.36 * own and heifers 13.6008.25: calve*. $5 00011.00; stocker* and feeders. $5 5007.60. .Sheep—Receipts, 6.000 head: 25c higher: lamb*. $13.75014.65; ewes. $8 60 09.25. Omaha • Omaha. Feb. 12 L'UTTLK Creamery—Locaijobbing prices to retail ers: Extra*. 33c; extra* in 60-lb. tuba. 52c: si andm da. 62c; firsts. 60r. Dairy — Buyers are paying 34e for best fable butter In rolls or tubs: 26 ft 28c Tori ! common i &• king stock. For be*l sweet, ! unsaiied butter. 36c. Bin TERFAT For No. 1 ci* am Omaha bujers a « paving 42c per lb at country stations. 4Sc dellvcied Omaha. 1 K ... H MILK |2.26 per cw» for fresh milk testing 2.5 delivered on dairy platform Omaha. COOS Delivered Omaha .n new cases; Fresh selects. 31*; small, dirtv and No. 2. 23* ; •■racks 2*<i . *’are count. !re*n *gr* r»0 j per < as** Nome buyers are paying 36c for nearby, i vw la d. clean and uniform ly large eggs. gran.or U. S. specials or bet ter Jobbing prices to retailers: U. 8. spe cials 40c: l extra*. 38c; No. 1 small. 20c; xhecks 23c. POULTRY Buyers are paring tne following prices: AIDe lleavv hens 5 lbs and over. 20c; 4 to 5 lbs l*c: light hen* 16c: spring* | smooth Jeg*t. 16c: stag*. 13*-; J^eghorn springs. 14 . rooster* 10c; ducks, fat and full feathered. 12ft 14c; fat. full feathered. 12 ft 14- . No l turkeys. 9 lbs and over. 18c. old Toms and No. 2. not culls. K. pigeons. H U0 per dozen, ca pons, 7 lbs and over. 21c per lb ; no culls sick or crippled poultry wanted. hr»M“(i—Buyers are paying for dressed rhb-kena du«k* and gec*e. 2ft2c above alive prices and for dressed turkeys. 6ft fir above live prices. Some dealera are accepting shipments of dressed poultry and selling same on 10 per cent commis sion basis. Johbtng prlee* of dressed poultry to re tailers >pr »gs. 29ft 30c. broiiera. 43ft 46c; hep*. 26« . roosters 19ft 20c: du^ks. ge*** 22ft 25c; turke s. 30#?32c: No. 2 turkeys, somewhat lew BEEF CUTS Wholesale pri**-* of i^cf cuts effective today are as follows: No 1 ribs. 2«c No •. 26c. No. 2. 16c; So | rounds. 1**. No. Z 17c. No 2. 11c; N*>. 1 loins. 36c; So. 2 3ic: No 2. ! 7«. No 1 chucks. ] No. 2. 12^; No 3. 9c; No. 1 plates. 8 Vie. No. 2. 6c. Na ■s (r CHEESE I»c*i jobber* *»e sell nr American -h-es*. fancy s^ade as foiowa: Single daisies 25c <F*ui,w, da.se* 25'oC Yount Americas. 27v»c. longhorns. 27c. square crlnta, 27*. . brick. 2A‘*c iimburger. 1-Ib. style. 14 25 per do* . Swiss, domeati' 41c: block. 3*c; imported. «<V; imported ’toquefoit. 55c: New York white. 34c. FRESH FISH Omaha jobbers are telling at about the i following price* f. r, b. Omaha: Fancy white fifth. 30c; lake trout, 32c; hali but. mkt . northern buliheads jumbo. 21c, catfish, regular run. 2$©|9c; fillet of had dock. , b ack cod sable flab. et***k. 20c. smelt* -Ac; flounders. 20c; crappies, 2 f» fs I >•'; black bass. 3S: Spanish mack erel, I S to 2 Iba . 2ac. Froaen fiah. 3 ©4c lee* than nn *e above Fresh oyeters per gallon, 12.(5© 4 00 Shell oyatera and ClamaN per 1CI>. 12 0« and 12 50 FRUIT© Jobbing pncea Strawberries—Florida, quarta. 50©50e. Grapefruit—Per t*»i extra fancy 13.50 ©4.5" fany. »325©4f*t* Cranberries—Jersey. 50-lb. boxes, eatra fancy IV7»; fancy*. I' Ott; Howea. 50-qt box. 15 50. Oranges—California, naval, fancy ac cording to aixe S1.25 05.S0; choice. 25c i»ss Florida pfneapp'e oranges, per box. 14.50; tanger nea. $4.0#. Bananas—Prr pound 1*e Lemons—Carnot nia fancy. per boj. 10 00; choice r»er box. 14 75 ©5 50. Appl»*—in baskets. 42 to 44 Iba Idaho, Jonathans, extra fancy. $1 >0; metapa 1 ll.fi. Avocadea—(Alligator peara). per doa.. $« 00 Apples—In barff’s of 145 lb* : Iowa Wineaapa fancy. $5 7* Missouri Black Twtf fancy $<00 Jonathan*, fane-. CANESEED gl 4Ml hu ; Millet. 51.00 Kaff1r $1 5" Milo 5150. Alfalfa $» Red neve*- |1S00. Whit# kv».«c* ("lover bO" Aielk*. SA50. Grimm Alfalfa. $ *0 <»rchard *2 50. Red Top. f? ?f' Ker’ucky Blue Grass. $ 50 fudm $4 00. Broom Corn reed. $3 00; Timothy and Clover. $5 00. See l Corn. 12 00; Unhulled Clover. $3.59. Flea per cent dscount on 5 bushel orders We Hr# where it grows Ship from several warehouses and save you freight. Satisfaction or moue* bark. Order right from thta ad or write for samples. but get order in before another advance and while we can make promrt shipment. Meier Reed and Grain I*. Selin* Kansas Advertisement F Investor* everywhere un MOODY’S RATINGS |4 60: Hen Da' is. fancy: M.M: Jonathans, H,mmert:iil P*« k 13 7 ^ . (/j* nof; J* $4.7:*. VhginTa Beauty, 16 00. oanatona. ’ Ap'pl«»—»n boi.a: \v»ahln,tnn Dtlleipu* • lira, fanry. 63.50* 3 76 . f*ncr. *» '<r ■ -mail $2 76: Washington .Ions fhVnV *«?."• fa mV. 13 66; f.m-v. »2 Colorado Jonathan*. »itra fancy. I-.Z6, fanoy. 12.60; Horn* Baauty, «tr* fanny. 12.10; fanny »2U: »hM« wlnlar P»r tnn.ln. eatra fancy, I2.607y2.75; York Ina* perlal. $1.7 6. VEGETABLES. Jobbing price*: Brussel* Sprouts—Per lb., 2or Tomatoes—Grate*. *ix baaket*. I* per basket. 11.60. Shallots—Southern, $1.00 per do*. Eggplant-Per do*.. $2.00. 15c per lb. New Root*—Texas beets and carrots, per dozen bunches. 90c Roots—Turnips, parsnips. beeta *nd carrots. In tacks. 3 0 4o per lb., rutabaga* In sacks. 2Hc; I'** than sacks. 3c. Cucumbers—Hothouse, per doz., $4 no. Parsley—Southern, per dozen bunches. On Iona—Tallow, In sarka. per lb.. IHe: red. sacks. 4*4c; white, sacks, 6c per lb * Spanish, per crate. $2 600 2.75. Potatoes—Nebraska Ohio*, per hundred pounda. $1.50: Minnesota Ohios. _|l.*•. Idaho Bakers 2c per lb : Colorado White*. $2.00 per cwt. Sweet potatoes — Southern. hampar. 32 26 Nancy Hall. 50-lb. hamper. $2 50. Cabbage—Wisconsin, aa< k lots per id-. 4c; in crates. 4c; red. 6c: celery cab bage. joc per lb.; new Texas cabbage. 4 V»c p»r lb. _ l<eai.»—Wax or green, per hampar. $4.60 ft 5.00. Celery—California, per do*., according to size $1.350 2.00; Florida, rough. % doz. crate. $3.50. .... Lettuce—Head, per crate. M 00: per dor, . $125; hothouse leaf 45c per do*. Radishes—Southern, 760 90c per dozen burchea. t'auliflower—California, per crate. $2.2* 02.60. FLOUR. Prices at which Omaha, mills *nd Job ber* are selling in round lot* (leg* than • arlots), f. o b. Omaha follow: FJrat patent. in 98-lb. bag*- $5 I4#l.40 bbl ; fancy clear. In 4«-lb hag*. $••.100 6.25 pet bbl . white or jellow cornmeal, per cwt.. $1.90. FEED. Omaha mill* and lobbers are selling their products In carload Iota at the fol lowing pricer, f o. b. Omaha. Wheat fe-rda, immediate delivery: Bran. $2 4 7.0, brown aborts $27.uo: gray short*, $29.00; raddog $31.50; a!f* fa. tn»*al. choice, spot. $31.50; No. 1 *pot, $26.75; March. April and May deliver;. $l:6.f>«»; No. 2 spot. $22.0°; linseed meal 34 per 6-6-nt. $4s*3ft; cotton 6eed meal 4 1 p- r cent $4* 00: hominy feed, white or yellow $.9 i>< : buttermilk condensed 10 bfc! lots. 2 45c prr lb., flake buttermilk son to 1.600 lbs . »c per lb.; eggshell, dried and ground. 100-lb. hags. 12;. 00 per tor digester feeding tankage, 60 per cent. $50.09 per tor FIELD SEED Omaha and Council Bluff* Jobbing house* are paying the following price* for field seed, thresher run. per 100 pounds delivered: Alfalfa. S 16.00016.00; clover. $15.00016.°0; s*eet clover. $7.500 9 00. timothy. $5.0006.00: Sudan gras* $3 00 04.00; c*ne »ee«l. $10001.10. Prices subject to change without cetica. HAT Prices at which Omaha dealer* *ra sell ing carlots. f o. b . Omaha follow; Upland Prairie—No 1. $11.00014 00: No 2. $11 00012.00: No. 3. I7 00«j9''0 Midland Prairie—No. 1. *12.500 1 3 50; No 2 $1 ft 000 11 00; No. 7 SO.0009 00 Lowland Prairie—No 1. $9.10010.60; No 2. $»; 00* > " Packing Hay — g5.T.n ^ t »a Alfalfa—Choice $22.000 22 No. 1. $20.90 0 21.00; s-andard. *16.00 <t ] 9 oo; No. 2. *13.50 0 14.SO No. 3. *11.60013.60. Straw—Oa’. *1.0009.00; wheat, $7 000 8 00. HIDES. WOOL. TALLOW PHc*a quoted below a’-e on the be*'" of buyer#’ weight and selections. delivered In Omaha: Wool—Pelt* 1125 to $2 2* each. for full wooled akina; clips. no value: wool. 27 27c. Hide*—Current recelct h’dea. No. 1 f S : No ’ 2. ; ’ic; green hide*. 8Sr end 4 bull? 'Sc; branded fcidea. No. 1. 4 S c; g:ue hide*. "Sc; calf. 12c and 19c; Vp 8Sc and "Sc: deacon*. 69c each; g'ue skna. 5Sc per lb.: borte hide*. 13 75 and $2 7S each: ponies and glues. 11.71 ea^h c^if a :5c each; hog akina. 2 *»' each, glue* 4^ per lb Tallow ar.d Greaae—No. ^ tallow. fc: B ♦ allow. "cS No. 2 ta.liow. 4 Sc: A grease *>c: B gr#aae. 8r; yellow grease. 4Sc brown area** 4c: pork cracklings rer ♦ on. *88.0* be*f. d fto. per ton. $2? '9. beeswax, rer ton. 1H.M. New Fork Dry Goods N>w Tnrk Feb 11.—F«tton goods ar.d yam ma-kera w#n 'inlet todey Wr^i fo^da «»*• bough* moderately #n r fa: JgV w-ight burlap* m'-ved a little more | freely Bo*h the raw ard finished • «i were quiet. Kan«a« City Prodoc*. Kansas City. Feb. 12—Egg* — 2c lower; first*. 31c: selected 2>'. Butter and Potatoes—Unchanged. Poultry—Heavy hens lc lower. l*e; other poultry unchanged 4 hinagn Produce Chicago. Feb 32—Butter—Market un changed Eggs- Market lower, receipt*. II • ** car** f ret*, I4S0S8c; ordinary first# I _ __ Lmdon Moaet London Feb 32. — Bar •llvqp—J2H pence per ounce. Mon*' 2 N t>er tee* discount rates ■hurt and threw-mon-h bill*. 3S03 11 If per cent Porto Rice Coupon 5°c Cold Bond* Du* IM4-49 —Opt. 1*43 Fxempt from all Fed eral. State and Local Taxation Price ISO5* and interest yielding better than to 1943 ar*<i 4% thereafter The National City Compsy First NatT Bank Butldi.f. Omsk. Telephone JA tkten SFli \ J. S. BACHE 6? CO. Ratabl ahad lift N>w York Stork Fichanga u , Chicago Board of Trad# Mam bar a York Cotton Fichanga Land atbar loading F.xrhangaa. Naw York: 42 Broadway Chicago: 108 S. LaSalla Si. Brancho *nd corraapondcat* loca*ad in principal aitiaa Stocks, Bonds, Grain, Cotton, Foreign Exchange Bought and Sold for Cash or Carried on Conservative Margin 224 Omaha Nat. Bank Bldg., Omaha Tal«fKosaa JA cksaa 1117-M •n»* Bach* R«v»*wM *ent on apptiratic«—OMrmyMiffKI !n?tt«4 UPDIKE GRAIN SERVICE CONSIGNMErfTS— Tonr car of gram In our car# get• #*ary ad'antaga oar long aayaHaaaa and hottar faeillti## ran gira. TV# kutin### of thia company t# founded upon tka valid ynnelyla ad looking out for our «u»tom#ri boat tntaraata. Not Only RELIABLE SERVICE But SUPERIOR Par aafaty and »at tofac tion'a aaka hair your killing t#ad. "Natlty UPDIRI CRAIN CORPORA flON** at any af tka markata ahrrr «• ayarata TELEPHONE AT I .ANTIC AS IS Updike Grain Corporation OMAHA » tklfat# Ranaaa City Mihr«uk#a