Image provided by: University of Nebraska-Lincoln Libraries, Lincoln, NE
About The Omaha morning bee. (Omaha [Neb.]) 1922-1927 | View Entire Issue (Jan. 8, 1925)
Chicago Market Closing Prices Near Top Level Free Buying of Wheat Fu tures Affect Scale; Barnes’ Forthcoming Statement Awaited With Interest. By CHARLES J. LEYDEN, 1 nivernal Service Stuff Correspondent. Chicago, Jan. 7.— Free buying of wheat futuroa today lifted prices sharply and while heavy profit taking developed an erratic trend most of the session the ■close waa near top levels for the active months. September wheat finished slightly lower, while May wheat was buoyant. Bull fever was much in evi dence, and further bullish developments in the domestic cash situation crystalled sentiment. Wheat closed He lower to l%c higher. Ccrn was I Ho to l%c higher. Oats were lc to l%o higher and rye ruled 2c to 2 He up. Keports to the effect that Julius R Barnes was coming out with a very bull ish statement on the world wheat, situa tion attained considerable attention in the trade. Outside markets and Win nipeg did not follow the local advance in full while Liverpool distinctly balked at our strength of the previous day but the trade waa more concerned over do mestic news than foreign. Coin showed h much better underton* In response to the firming cash market and prices advanced sharply for the day. Commission houses and local professional support waa more active, and profit iak ir k sales were absorbed easily. The cash demand lor corn late in the day was broad, and the basts fltm. Country of ferings of corn were reported as moder ate. Oats encountered considerable supori during the day and moved up steadily. Profit taking sales appear to have been fairly well absorbed In this grain, and the firm cash situation is sustaining t.U market. JUye advanced with other grains. Ex port demand was less active but reports t, om the seaboard had it that available supplies of rye seemed to have been fan ly well cleaned up. Provisions scored fair gains finally Lard waa 20c to 2oc higher and ribs up Pit Note. Support 1n the wheat pit the last two scissions has been of the aggressive kind and has swept all opposition before it. At $1.80 for May wheat today, which showed an advance of over 6c in two days, offerings for profit were tremendous and the market was forced to give way. but it gradually digested all the selling and in the final minutes all but recovered the high point. It waa an erratic mar ket but Indisputably had a very buoyant undertone. Cash wheat In this country continues to advance high relatively with rr.« futures. In Kansas City today No. 1 dark wheat sold at $1.95. a new high for the season, or 26Hc over the Kansas City May. Reports from that terminal had It that, the milling demand has been fa'rly active of late. Minneapolis re ported demand for choice grades fairly active st unchanged premiums. Foreign news was less bullish but the trade did not believe It properly reflected conditions over the other side Inasmuch as reports from the seaboard had it that foreigners were asking for offers on grain. Little has been heard the last two days of tlTa Argentine pressure of wheat but it is safe to assume that gradually southern hemisphere offerings wl* Increase grauU allv for the next few months The world s avaiblale supply of wheat end flour decreased 8,632,000 bush'*." compared with a decrease of 8.99G,0P» bushels last week and an Increase • 773,000 bushels last year. The increase the Inst week in supplies proved a dis appointment to many, but total supplies are nearly 20.000.000 bushels less than Inst year, all of yhlfch speaks well for world oonsirtnptlon. Much will depend upon the extent of foreign buying or North American grain the next rew weeks. Severe declines In prices are not expected but it is likely that sustained export business will be essential to war rant the expectation of continuous ad 1'incti. CHICAGO PRICES. By T'pdike Grain company, Atlantis 1112. | Open. |~Hlah. I Low. I Gloat. I T.». May ! 1.77%! 1. S 0 I 1.77% 17*% 1.77% July t'.MV 1.6564! 1 53 1-56 j-‘ja “apt. 1.47% 1 **%! 1«6% 147 6* j 1.47% May 1.54641 1.55%! 1.63% 1.56% 1.53% 1.54%. . . l.bAVa July I 1.76 i 138 I 1.36 I 1.33 I 1.38 May ' 1.17% 1.7*%' 1.171*1 176% 177% July J 1.28%. 129% ti7*, V.loSi 128% Sept. 1.27% 1 39% 177% 1.29 ^.77% May* .61% ,62%| .61 j .62 I .61% July ! 61'7: '. 67 % .60 % j * .62 ' .60% S ii«.7i liS.I? iiS;ii j'.Sr. lit” mIv* 115.4 5 ! 15,45 11T.. 15 'l5.37 |l5.10 Chicago Kb« and Butter Future*. Quotations lurntshcd l»y George E. ( ,#r* 12^7 Woodmen of th«* World building. EGO? __ — | Cara. I Open. ! lllth, | Low. I Cloaa ■Tin! i I* ! .53%: -53% .62% I .62% £•; 52 :'J ’ ’ ;S55 ni, I 1 I . .32% 32% .32% —“~“”~~ 1ITTKR._ | Cara. I Ope. mah. | Low, 1 Clnaa. 77^ ~ "IT 7.8 %| .38 % | 38% F.h 70 30% .39% I .39% .39% irr " 2 : 39%' ~ .:i*% i 39% Cl •;*» tofton. ( hi. jin c, 111. evltsng* quotation* f»irn %h* d by J s'. Bach# dr biv. OniCi . a i .otui I Bank building. Phones •fs'-ksuit .. .. . :__ * ’i~ i.T.-n. |* li irh l.ow. I Close. lYest'y \U r 123.50 j23*55 MV.' -.it -• •».* 21.75 *23 80 ,24.02 %f • • 24.04* 124.17 Mj July 124.40 2 1.4b 24.2'»e /J4 21 124.45 O. '. i2J.40 '23.40 , 1J:• ■ 4a '.3 60 Mew York Sugar. Quotations ruin,..mu « J. ? * fn 22 4 Omani • ** i<iui) it lc*nk building* l'honre Jeck.on 51.“7. 31.hv, 5189._ —* I Open I lIlK.i. I iai«_. ! Gluae. I Vee, Jan j 3.78 I 2 V1 * i 2 77 2.78 j * 79 9lar. i 2.7* I : .9 I 2.,* - • *-»• May I 2-93 I 7 92 . I *■” July i 3.04 I : 1 4 I , ■'<- I "■l)4 NW* St. Ia.Uk. IH'.lurk. E. at St. Louis, 111 . • •.—' utile—Re ceipt <, 3.000 head; * 1 ‘ ..“1''“^' apo.x, 25c higher, bull; . ft...509.00, beef * cow*, strong « l ' »;0"; hcifari Mint tanners, steady; M»m< inifera, |.j.sU0 M 60; few cannera. 32.2,.0 2.50; bologna bulls, l.i to 25c lower* bunt. $4.0004.60, early light vealei*. $11.50, closing sales, Slo.50. . Hog»—Receipts. 21,000 head: generally hog market weuk, 10 to 15*t Jower than Monday s close, late trade showing moat weakness; top heavy butchers. $10.bb, flu.70 bid early; good 190 to 240-pouno averages, $10 40010.00; 1 HO to pounds. $1.75010.2b; light lights and plgi weak to 25c lower; I4«> to 150 pounds $•.0009.50; 120 to 130 pound pigs, $$*0( 08.50; packer sows. $9.500 9.75. Sheep and Lambs—Receipt*. 1,500 head fat lambs. 50c higher- sheep. atrong top lamb*. $l» 50* highest of ••*fon; bulk arrivals. $15 00018.50; culls, $12 50013.00 best fat ewts. lt.*»509.75. Mew \itrV. Hu car. New York. Jan 7- — Ths raw sugar mar ket was unchanged today at 4.69c fo Gubar, duty u«ld. It was egtimated tha local rsfrners bought upwards of 76,(. bag* Cuban veaterdav and today for Jan uarv shipment at that price. Raw sugar futures Hoard at net *ie Hines of 1 to 2 points. Trails anti com mir-slon houses Hold, but en«0gh deman« from shorts and house* with Cuban cun paction* held the market steady* Jan _ li,.rv »ml March closed 2.78c, May, 2 JO duly, :4,02c. . Refined augur prices had a furtli'* downward readjustment In line win , iM,vi the price of fine granulated not ranging from «.250«6(fc. or unchangc to 8$ polnta below yestsrdav’a iiuotatlone J'ractlcally nil reflnera are accent Ini tuslncas at the Inside level. Bailer in Siulry is reported. Jleflncd futures were nominal. Maw York Coffee. New York. Jan. 7.—Coffee future •pene<J un< hanged to 26 points higher t»> dav but soon turned eaaler under liquids lion apparently promoted by reports trot Chicago that efforts were being made t hi Ing about a buyers* strike May con tracts sold off from 20.01c to 19 76c. mak Ing net decline* of about 10 fo 16 potnti It was reported In trad* circles here the buyers of roasted coffee were not show ing resistance to present prlcee and rain* A of. a few points marked later tradlni The market cloeed net unchanged to 1 polnta lower on all months except Jan uarv which wii nominally 25 P0inf , lower, kales were estimated at 2.600 ba*i Closing quotations January 21 J0r March. 20 10 May. lM»c; July, 1» 05c Beptemher !$.fic; December. 17. IJe. flpot coffer quiet. Rio 7e. 23>*c. Santo 4s 2$ fo 21 l f-■-' Omaha Grain ^ - - - — J Omaha. Jan. T. Ca«h wheat acid on the tables today from 2e to 3c higher. There was an ex cellent demand fpr all grades and tables Mr* well cleared of samples. Receipt® were 83 cars. Corn sold at unchanged prices to 2c higher with a brisk demand. Receipts were 70 cere. 1 Oats sold unchanged to lc higher, bulk of the sales going at the extreme de mand Receipts were 27 cars. No rye or barley was reported in. Omaha Oarlot Sales. WHEAT No. t hard: 8 cara. $1.69. No. 2 hard: 5 cara. $1.69; 1 car, $1.70%; 1 car. $1.70; 1 car. X1.G8U, No. 3 hardr 1 car. $1.68%; 1 car, $1 68; 1 car. $1.67. CORN No. 3 white: 1 car, $1.16. No. 4 white: 1 car, $1.15* 1 car, $1.15%. No. 5 white: 1 car, $1.12. No. 2 yellow: 2 cara. $1.20. No. .1 yellow: 3 cara. $1.14; 5 cara, $1.18%. No. 4 yellow: 8 cara, $1.17%: 1 car, $1.17; 7 cars, $1.16. No. 5 yellow: 1 car, $1.15: 4 cara, $1.12. No. 6 yellow: 2 cars, $1.09. No. 4 mixed: 3 cars, $1.15; 1 car, $1.15%. No. o mixed: 1 car. $1.12; 1 car, $1.11. OATS. No. 2 white: 1 car. 68%c; 1 car, 68e. No. 3 white: 5 cara, 57c. No. 4 white: 2 cara. 66%c; 2 cara, 56c. RYE 1 ear (not wheat, smutty, 12 per cent rye). $1.86. Daily Inspection of Grain Received. WHEAT. Hard- in cara No. 2, 1 car No. 4. Mixed: 1 car No. 1 Total, 12 cars. CORN Yellow: 1 car No. 2. 4 cara No. 3, 1 car No. 4. 4 cars No. o, 3 cara No. 6, 1 car sample. White: 1 car No. 2. 4 cara No. 8. 2 cara No. 4, 1 car No. 5. Mixed; 1 car No. 4. 1 car No. 6. Total, 24 cars. OATS. White: 2 cars No. 2. 4 cars No. 3, 1 cars No. 4. 3 cars sample. Total, 10 cara. RYE. 1 car No. 1. 1 car No. 2. Total, 2 cars. Total, all grain. 48 cars. OMAHA RECEIPTS AND SHIPMENTS. (Carlota.) Receipts- Today. W'k Ago. Y'r Ago. Wheat . 33 28 26 Corn . 70 | 49 43 Oata . 27 20 14 Rye . . . 2 Shipments: Wheat .101 31 7 Corn . 49 26 2 1 Oata . 56 30 13 Rye . 2 Barley . 1 PRIMARY RECEIPTS AND SHIPMENTS. ( Bushels.) Receipts. Today. W'k Ago. Y’r Ago. Wheat . 692,000 613.000 .537,000 Corn .1.264.000 806.000 921.000 Oats . 786.000 736.000 399,000 Shipment s: Wheat . 907.000 767.00ft 424.00ft Corn . 51 5.000 421.000 792.000 Oats . 627.000 424.000 521.000 WORLD'S VISIBLE. Bushels: Todav. W'k Ago. Y'r Ago. Wheat ..233.842.000 237.474.000 252,762.00ft Corn ... 20.028,000 17.708.000 10,682.000 Oata _ 102.804.000 101.646.000 441.160,000 CHICAGO RECEIPTS. Carlota— Today. Yr.Ago Wheat . 51 10 Corn . 407 18; Oata . 64 50 KANSAS CITY RECEIPTS. Carlota— Today. Yr. Age Wheat . 53 8,* Corn . 62 60 Oata . 6 9 ST. LOUIS RECEIPTS. Carlots— Today. Yr. Ago Whe^t . 95 49 Corn . 75 loo Oats . 46 31 NORTHWESTERN WHEAT RECEIPTS. Week Year Carlots— Today. Ago. Ago. .Minneapolis .171 85 H'S Duluth . 70 19 41 Winnipeg . 257 208 737 Minneapolis Cash Grain. Minneapolis. Minn.. Jan 7—Cash: Wheat—No. 1 northern. $1.74 % 0 1.78 % ; No. 1 dark northern spring, choice to fancy. >1.99 % 0 2.\'i % ; good to choice, 81 86 % 01.98 % ; ordinary to good. $1.72% 01.85%; No. 1 hard apring. $1.76 % 0 2.12% ; No. 1 dark hard Monta'na. on track. $1.7 7% 1.99% ; to arrive. 11.77% 01 99%; July, $1.73% ; May. $176%. Corn—No. 3 yellow, $1.20% 01 21%. Oats—No 3 white. 64%®54%c. Barley—7$ 0 94c. Rve—No. 2. $1.43% 491.44%. Flax—No. 1. $$.97 | #1.11%. Chicago Cash Gran. Chicago. Jan. 7.—Wheat—No. 8 red. $1 84 Corn—No. 3 mixed, $1.20%; No. 2 yel low. *1 30 Oats—No 2 white, 60% 0 61c; No, 3 white. 680 59% r Rye—No. 2 $1.49 %c. Barle> —S8r fl l on Timothy Seed—$6 75 0 6 75. Clover Se*d—$24 n<> 0 32.00. Dard—$15.95. Ribs—$14 87 Bellies. $16.6?. Rnn*(u City Cash Grain. Kansas City. Jan. 7.—Wheat—No. 2 hard, $1.*901*9: No 2 red. $1 870 1 94; May. *171% hid; July. *1.46% bid. Sep tember. $1 31% Corn—No t white $1.19%: No. 2 yel low. $1.20; No. 3 yellow $1 19. No 2 mixed SI 17% May *1.22% split bid; July. *1.23% split bid: September *1 23% bid. Hay—Unchanged. ^ St. I.ouia Grain Futures. St. Louis. Jan 7. Close Wheat—May, $1.78% 01.78; July, 1153%. Corn—May. $1.28%; July. $1.29%. Oata—Not quoted. Chicago Llveatork. Chicago. Jan. 7.— Hogs Receipts, 60. 000 head; moderately active. weighty butchers In beat demand; weak to 10c lower compared with Tuesday's close; lighter weight, 15025c lower; top. *10.75; hulk good and choice weighty butchers. *10.40 010.70: 180 to 230-pound averages. $9.80010.25 mostly; 150 to 170 pound kind $8.(009.65. few stronger v. eight slaughter pigs. $7.5008.00. moat packing sows. $9.85® 10.15 :* heavyweight hogs. *10.25010 75 >»ed|um *9 40® 10.66; light. $9.69010.15; light light *7.0009 65; parking hog* smooth. $9.86 *010.25; picking bog- rough, $9.4009.86; slaughter pigs $6,500* 00 Cattle Receipts. 15,000 head; yearlings and medium weight steeia. moderately active; steady; heavies moving slowly; under tonn weak, killing quality very plain: bulk early sales. *7.76fr9.76; top heavy steers. $9.50. handy weight. *10.00; ye tilings. *11.00; better grades she stock steady to weak: others 10015c lower; bulk butcher rows. *": 7505.50; heifers. $4 7306.75: anners. $2 6002.90; »■-utters around $3.00; calves. 25060c hlghei; packets paying upward to $11 00; nut alder* upward to $12.00 and above; bulls dub; bidding lower, bolognas largely, *4.75; Miockers and feeders, firm. Sheep and Dumbs—Receipts. 10 000 head, slow ; 'all classes nround 25c high er; bulk fst lambs. $17.73018.50; beat held higher; fail shorn lambs. $15.26; (holts yearlings. $16.50; fat ewes. $9.00 09 75 feeding lambs scarce; few »ile» good feeders. $16.25016.50. Si. I .utils Livestock. St. Louis. Jsn 7.—Cattle—Receipts. 4.000 head: market, steady; native beef eteara. $8.00014.25: yearling steers anti heifers. $3.50013.00; cows. $3 7508.60: •dockers snd feeders. $4 2506.75; calves, 83.60012.50; i anners and cutters, $2 00® 3.50. ling*—Receipts. 21.000 head; market. 54910c lower; mixed and butchers. $10.20 010.70, good heavlea. $10.70 010.75; roughs. $$.$509.75; lights. $10.15010.35; pies. $7.5009.50; hulk. $10.35010 6" Sheep Receipts. 1.500 head; tiirket, prospect*, higher; mutton ewes. $6.60*0 8.60; lambs. $16 6001100; tanners and (hoppers, $2.600 5.60 New York Cotton. New York. Jan 7—The general rot ton market cloeeri steady at net declines of 13 to 29 points January 7. Receipts were: Cattle. Hogs Sheep. Official Mondav ...10.860 11.462 12.100 Official Tuesday . 9.940 26.250 6 399 Estimate Wednesday 6.500 18.000 < 300 Three days this wk..27.3O0 62 724 25.79* Same days last wk .22.719 62.907 39-957 Same 2 wks. ago...13.269 68.925 20.390 Same 3 wks ago...16.170 66,263 32.592 Same yr. ago.26 703 60,760 49,4o4 Receipts and disposition of livestock at the Union stockyards. Omaha. Neb . for 24 hours, end:ng at 3 p. m.. January 8; RECEIPTS—CAR LOTS • Cattle Hogs Sheep I’ M. 4 8t. P. Ry. 9 18 Wabash R. R. 2 U. P. R R.. . 72 t.9 10 l\ & N. W.. east . 2 1 . • 1 l\ A- N W.. west . 34 68 [\ St. P. M. Ac O. ....... 25 6 7 l\ n.»ft Q.. east . LI 4 i'. 13. & Q., went .4 2 3*» 4 C. R. 1. & P.. east . 10 2 2 r. i & r . west . t I. C. R. H. 6 10 l\ g. w. r. n. i i Total receipts .210 217 33 DI8POSITK)N—Il K A D. Armour A Co. .. . 997 4175 1 544 lludahy 3’ack Co.15.15 4 I'M 3229 Bold Packing Co. . 482. 2522 .... Morris Packing Co. 754 2459 1 4h;; Swift A Co. 1629 2980 2326 Kenneth A- Murray . 693 .... Hoffman Bros. .. . 1 38 .... Mayerowich Ac Vail. 25 . Midwest Packing Co. ... 11 40 .... 3oug Ac Keefer . 39 . Dmaha Packing Co. 17 . John Roth & Sons . 3 . South Omaha Pack Co.. 21 . Murphy. J TV. 1698 .... Lincoln Packing Co. ... 76 . S'agle Packing Co. 18 .. Sinclair Packing Co. ... 48 . Wilson Packing Co. ... 1 138 .... Anderson Ac Son . 24 . Benton VS & Hughes 75 . Bulla. J. H. 20 . Dennis & Francis . 46 . Harvey, John . 412 . Inghram, T. J. 3 . Kellogg. F. G. 14 . Kirkpatrick Bros. 221 . Longman Rros. 172 ... Luberger, Henry S. 74 . Mo-Kan. C. Sc «' Co. ... 125 . Root. J. B. Ac Co. 34 . Rosenstock Broa. 7 . Sargent & Finnegan .... 116 .. Smiley Bros. 59 . Sullivan Bros. 46 . VHn Sant. W. B. Ac Co.. . 72 . Wertheimer A Degen ... 81 . Other buyers. 393 .n, . 566 Total . 7700 17766 9145 Cattle—Receipts. 6.5O0 head. Wednes day's very moderate run of cattle brought about more or le^s Improvement in de mand and prices fur both beef steers and cows. Bids and sales ranged from strong to fully 10fd'2oc higher than Tuesday and trade was fairly brisk at the higher levels Best beeves on shIc carried con siderable weight and sold around #9.85 fy 10.35. Demand for Stockers and feeders continued oroad with prices generally somewhat stronger. Quotations on tattle: Good to choice yearlings. #10 26011.50: fair to good year lings. $8.50010.00; common to fair year lings. $6.2508.00; good to choice steers. If.00011.00; fair to good steers. $7,760 5.75; common to fair steers, #6.5007.75; tiashy warmed up cattle, $5.00 ft 6.00 ; good :o choice f«d heifers. $7.0008.60; fair to irood fed heifers, $6.0007.00. common to fair fed heifers. #4 76® 6 00; goor\ to choice fed cows, $5.On06.OO; fair to pood fed r ows, $3.75#r 4.75 . common to fair fed cows. $2.6003.50; good to choice feeders. $6 7607.35; fair to good feeders $5.7506.60; common to fair feeders. $4.50 05.6,0; good to choice gtnekers. $6 7507.10; fair to good Stock ers. $6.000 6.75; common to fair Stock ers. $3 7504.75; stock heifers, $3 000 4.00; stock heifers. $3.0004.50; stock cofs. $2.5003.00; stork' calves. $3,000 6.75; veal calves. $3 00010.00; bulls, stags, etc.. $3.5006.00. BEEF STEERS. No. Av. Pr. No. Av. Pr. t».45 $7 60 19. 757 $. 75 23 .1083 8 52 21. 1 133 8 65 24 . 1094 9 25 12 942 10 25 19.1346 10 36 row* 28 . 854 2 75 19 889 3 25 11. 809 3 50 5. 1064 4 00 14. 9 4 4 4 1 0 4 987 4 76 l!. 1 1 54 5 25 1<>.1054 5 66 HEIFERS. 1 . 433 5 26 12. 724 6 85 1 1 . 1020 6 no BULLS 10.1021 1 25 J.14*10 4 85 1 . 1410 5 00 1.1200 6 15 1 . 1400 4 85 CALVES. 4 . 387 5 00 1 197 7 60 2 . 1 80 8 50 1 . . 220 9 25 Hogs—Receipts. 18,000 head. iWth sup plies again fairly large prices underwent further slight declines. best butcher grades moving to shippers early st‘around 10c lower levels, while the packer trade was again slow at moderate losses. Bulk of all sales was at $9.40010.10, with early top, $10 15. HOGS No. Av. Sh Pr No. Av. Sh. „ Pr 7 6. .208 $ 9 95 70. .226 $10 00 SI 21* 1010 67 247 120 70..267 ... 10 15 30. . 179 ... 9 60 «1 -n* 9 65 Sheep and Lambs—Receipts. 7 300 head, remand for fat lambs again showed con siderable breadth and th- fair supply at h*nd cleared readily at fully 26c higher prices Feeders and aged sheep ruled strong Quotations />n sheep and lamhs: good to choice, $17 25018 00; iambs, fair tr, good $1 6 25 0 17 00 feeding lamb*. $14 50016 50. wethers. $8.50011.00; year lings $11750 15 00: flipped lambs, fed. $14 00015.00; fat ewes, $7 500 10.00. FAT LAMBS. !»« f.i) .'» **T *® (an c»<i .** it iS7 CM .*» IT It Kansas City livestock. Kan*** City, Jan 7 —Cattle Receipt*. I.0OQ head; calve*. 1.200 bead; fed ateera and yearling*, fairly active, strong to 15c higher, early top handy weights and yearling*. $10 25. bulk of fed steers and yearlings. #7.25010.00 she stock steady; butcher «uw* and heifers. $‘1.6006. Taj ratine is and cutters. $2.4001.26; bulls, weak; native bolognas, $6 7504.50, calves steady with Tuesday's close, practical top veal*. $9 00, few up to $9.50; mediums and heavies. #4 0007.00; Stocker and feeder steers firm: stock cow* and helf er* strong to 15c higher, stock calves si eody flogs—Receipts. 11.000 head; slow; shipper* buying sparingly: beat msd»u».i end v. eighty butchers around 16c lower Mian Tread ay'* average; top $10.40- bu*l< of sales. $9 10010 35. good to choice 210 to 260-pound averages. $10.150 10.*0 ; packer* bidding '-'•0 40c lower packing hows mostly #9 76010.00; light light* and pig* weak to 26c low m ; bulk 140 l> 160 pound kind. $8.6009 60. Steep and Lntnb*—Receipts. 5 000 head; lambs. 25050c higher, top. $18 35; other* largely $18 00018 26; clippers $16 10; sheep string to 25c* higher, top ewes, $10 15; shore withers, $9.60. Ainu* fity Livestock. Sioux City. la . .Tan. 7 —Cattle—Re ceipt* 4.600 head: market fairly active, killer* and Stocker* steady; fat steej* and yearlings, $6.00012.60; bulk, $*bO0 8.00; fat cows and heifers. $4 00010 00; canners and cutters. $-.5003 26; veals. $4.0009.75. hulls. $4.0006.00; feeder*. #4.0007.00: stockers, $4 0006 75; stock yearling* »nd calves. $3.6006.60; feeding cow* and heifer*. $2.7604 50. Hogs Receipts. 30.000; market. 15026c lower; top $10.20; bulk of sales $8 76 010.00; light*. $1.0009 40 butcher*. $9 75010 20, mlaed $9.0009.76; packer*. $9 2509 76; stag*. $7.0007 26, pig*. $4.00 07 00. Sheep end T.emb* Receipts. 1.000 head; market, 25c higher; lamb*, 918.36; ewe*. $U* I" ^ At. Joseph Livestock. St. Joseph. Mo . Jan 7 Hogs—Re ceipt- 13 000 bead: market 26c lower; tor*. $1 0 40; bulk. $9.75010 40. Cattle Regeipta, t.lio head; market. stsHcly to strong; bulk of steer*, $7,260 9 50; fop $10.00; cow* and heifers, $3 26 « 9 25; calves. $4 00010.00; stockers and feeder*. $4.00007 00 Sh*»ep Receipts, t 000 head; market 80|» hlgh-r. Iambs, $ I 7.25 0 1 8 ?5 , ewes, $9 000 10 on NEW ISSUE $90,000 City of Omaha, Nebraska 4V4% Special Improvement Bonds Due January, 1945 (Non-Optional) To Yield 4.20% 701 IVI»r« Trn»t Hid*.—ATI*nt1c (W1« M. F. Handler, Rm. M*r. ■ Early Market Good: Changes 7 c in Afternoon Better Demand for Rails In cluding Union Pacific; Merchandising Shares Buoyant. Hr RICHARD HPUXANB. Universal Service Financial Kditor. New York, Jan. 7.—If the tftock market could have held the gains made early today the saseion would have been quit* noteworthy but in many instances it whs a case of marching up the hill am! marching down again. There was a better demand for the rails early In the day. This resulted In new highs for Union Pacific and Reading. Lehigh Valley, New York Central. Illi nois Central, Texas A Pacific and some others were strong. The report of me interstate commerce commission valuation of St. Louis-San Francisco was by no means bullish but It was not of much market effect. Merchandising shares were buoyant. Sears-Roebuck and Montgomery Ward were particularly so. Among the motors Maxwell was most highly considered. The oile were up. Steel touched 123. While various of the rails were strong, others were not. In the afternoon the market turned. Some of the sharpshooters took full ad vantage of thie and the selling. It seemed, was not so well taken as had been the case heretofore. Under this pressure Steel. Baldwin, Cast Iron Pipe. Radio and various others dropped back with the lesser issue* more or lese affected. In market parlance the buying of the day was not so confident and the selling! was not so well taken. All the gralne were strong. Reports of sales of from 590,000 to 1,500,000 bushels of wheat for egport. Including nearly 1.000,000 bushels from Kansas City via gulf ports started the buying. Cotton, like stocks, reactionary. In a slow, dull market prices receded gradu ally. the close being 13 to 29 points down. Coffee—5 to 25 points lower. Sugar—One to two down. Chicago Stocks. Furnished by J. S. Bache St Co. 224 Omaha National Bank building. Phones Jackson 5187-88-89: fe Bid. Asked. Armour ft Co 111 pfd.... 88% 8*4 Armour A Co Del pfd... 93 93 4 Albert Pick . 22 4 22 4 Carbide . *8% *8% Edison Co .135 4 3 3*4 Cudahy . 79 8ft Diamond Match .117 3 18 Deere pfd . 84 8* Eddy Paper . 21 25 Libby . 9 9 4 National Leather . 5 54 Quaker Oats .325 359 Reo Motors . 17% 18 Swift A Co.115 1154 Swift International . 32 4 32% Thompson . 454 4* Wahl . 17%17% r " " 9 New York Quotations | lV-' New York stock exchange quotations furnished by J. S. Bache A Co., 224 Omaha National Bank building. Tues High, Low. Close. Close Agrl Chem . A V x Rubber ... 14 13% 13% 13% Allied Chem . 85% 83% 13% 83% Allis-Chalmer* ... 73% 71% 7'.% 73 Am Beet Sugar .. 43 42 42 42 % Am B Shoe F . . 9* 97 97 98 Amer Can .1*6% 164% 164% 1*4% Am Car A F . . .199% 198 19* 199% A Hide A Leath. . A H A L pfd - 79% 70% 70% 70% Am Inter Corp .. 34 31% 33% 33* A Linseed Oil . . 28% 2* % 28% 28% Am Loco .10* 106% 107 108% Am Radiator - 90% 90 90% 90% \ Ship A Com ..1-’ 11% 11% 12 Amer Smelt . 97% 96% 96% 96 4 Am Smell pfd ..10S 107% 108 107.a A Steel Found .. 47% 47 47 47 % Am Sugar . 62% 61% i.1 % Amer SumAtra ..12% 12 12% 17 » A Tel A Tel ....134% 133% 134 134% Amer Tobacco ...89% 87% 87% 89 A W A Elec . 38% 36% 37 37% Amer Woolen ... 64% 62% on Anaconda . 47% 46% 46 s* 47.* A Dry Goods ....134% 1 33 *4 1 33% 1 A Oil . 34 33 % 33% 33% Atchison .120% 118% 118% 1'*'** At Coast Line ..151% 160% 150% 161% At Gulf A W I 21% 20% 21% 20% At Refin ..109% 106% 10,% 104% Austin Nichols .. 30% 30% 30% 29% Baldwin .132% 150% 130% 130 1 B. A Ohio . 82% 81% 81% Barnadall "A” .. 23% 2284 22 % -•* Bet h Steel . 52s, 51 51 52 Rnerll M««nNn .. •* 42 4 44 . Brook-Man Ry..,, 27 35’4 35U 27.* Brook-Man pf*!. •• ,1',',* ,I£,, Brook KHteon Co..135 127 1-5*. Calif Pack .153 15254 1"S 1"2 Calif Pot . 2«Vj 25 26 26 Cal A: *rtz Min... 5S 57 S7 66’, Can Pac .152’, 151 16H* laOS Central Leath .... 19T. 19s. 19s. 19’. Cent Leath pf. 5S’4 5.i’. 6>. .'6 a Cerro dp Pasco... 63% 54% 54-4 64% Chandler . 35 .74 34 34% Ches A O . 96% 95% 9n% 95% Chi O W com. P% 12. Chi G W pfd. 28% 27% 27% 27% Chi A N W . 72% 71 72% 71 c M * St P . 16% 15% 15% 15% C M & St P pfd 2* % 27% 27% 28 CRIAP . 37% 36 36 % 45% C St P M A O Ry. **% M., Chile Copper .. .. 36% 34% 36% 36% Chino . ;8 Cluett.Peabody . 64% 63 64 % *4% Cluett-Peabdy pf . . 1n2.f Coca-Cola. . 84% 92% 83% &_% Colo F A Iron.... 45% 43% 43% 44% Coium Carbon.... 49% 48% 48% 49% Colum Gas . 47% 47 47 46% Congoleum . 42% 41 41% 40% Consol Cigars . •• 2,% Con Coal . 78 76 % 76% 76% <’ont Can . 69 68% 68% 68 Cont Motors . 9% 9% 9% 9 % Corn Prod . 49% 40 4 0 40% Cosden . 2«% 28 28 28 Crucible . 76% 74% 74% 75% <’Uba <’ane Sug 13% 13 13% 13% Cuba M pfd 60% 59% 59% 59% Cuba-Am Sug ... 31% 30% 39% 30% Cuyamel Fruit ... 55% 54% 54% 54 Daniel Boone ... 7% 7 7 7 % Davidson Chem 44% 43% 43% 4 % Dela A Hud . ... 138 136% 13*% 137 Del a A Lark . .. 143% 143% 142% 142% Dup I'e Nern . ..137% 136 1 36 % 137% Fast Kodak .Ill 119% 119% 119% Frir . 33% 33% 33% 33% Flee St or Bat .. 69% 67% 67% 67% Famous Players 97% 96% 96 % 9 7 Fifth Ay# B L .. . 12 Fisk Rubber . 13% 12% 12% U% Flelich Yeast .... 85 '*4% *4% 86 Gen Asphalt . 60% 58% 68% .'.9% Gen Klee .SI 2 207 308 308 % Gen Motor# ..... 66 65 65 66 Gold Dust. 40 Goodrich . 39% 38% 39% 38% Gr North Ore 38 37% 37% 37% Gr North Ry pfd 71% 70 70% 70 Gulf States Steel «9 86% *«% 88% Hartmann Trunk. 37% 37% 37% 36% Have# Wheel 41% 41 41% 41%' Hudson Motor# . . 35% 2,4% 35 35 Home# Min Co ... 48 45% 48 45% Houston Oil . . f*. . SO 78% 78% 79 % Hupp Motor# .... 1*% 18% 18% 1*4 Illinois Cent ....119% 11* 11*% 118 Illln Cent pfd ...119 118% 119 118% Inspiration ...... 31% 31% 31% 31% Int Eng Com Corp 36% 34% 35% 35% interna Hsrv ... 108% 108 lo8 106 Int Mer Mar . ... 13% 12% 12% 124 Int Mer Mar pfd . 44% 44% 44% 44% Int Nickel . 26% 26 26 _ 25% Int Paper . 57% 55% i»5% t»6% Int T A T . 95 95 Invincible Oil .... 17% 16% 17% 16% Jonf** Tea 20% Jordan Motor .... 4 9 4 < 4 9 49% K C South . 35% 34 34 % 35 Kelly-Springfield . 17% 16% 16% 16 Kennecott . . 56% 55% 55% 56% Gee Rubber . 13 12% . 12% 13 Lehigh Valley ... 81% 78% 7*% 79% Lima I.o<o . 70 69 69 4 70 Goose-Wiles . . 79 Gou & Nash .112 111 111 111% Mack Tru* k .124% 119% 1214 ll»*fc May Dept Stores.109 107 % 107% 107% Maxwell Motor A. 80% 79% 79% 8ft Maxwell Motor B. 36% 35% 35% 36% Mai land . 39% 38% 38% 39 4 Mex Spaboard _ 22% 22 22 22 Miami Copp»r ... 22% 22% 23% 22 4 M K A T Ry _ 30 4 -'*% 29 4 3ft Mo Pac . 3 4 21 % 33% 33 4 Mo Par pfd . 75% 74% 74% 74% Mont-Ward . 50 48 % 49 4 4*% Mother Lode. 9 9 4 Nash Motor# ....199% 19« 199% 195% Nat Biscuit .. ... 73% 72% 72% 72% National Enamel . 34% 33% 33% 35 National Lead ..162% 160 Iftft 160% N Y A Bk x-dv $1 ?T4 % 63 54 54% N Y Central . . 124% 123 123 1 23 % V Y C A St L. 125% X Y N H A H . .. 32 31 4 314 U% Nor Am . 42% 42 42 4? Nor Pac . 7ft% 69% 7ft 694 N A W Ry .132% 13fr% 130% 1304 Grphtum . 26% 26% 26% 36 4 Gwens Bottle .. . 49% 49 49 48 % Pacific Oil . 55% 51% 54% 54% Packird Motor ... 16 18 Pan-Amer .... 66 *4% 64% 65 ran-Am ,'B" .... 65% 6414 64% 64% Pen n R R . ... 48% 48% 48% 4V% Peoples Gas ....114% 113% 114 nr, Per** Marquette 69% 61% *’9% 66% fhila Co .57% 7.6% 56% 66% Phillips Petrol 38% 27% 2,7% 2,7% Pierce-Arrow 14% 13% 11s* 14% Post urn Cereal Hr* % loft iftft lftO Press Steel Car . . 65 6 4 6 4 6 5 Prod and Refin.. 28% ?s 2A 27% Pullman .147% 116% 148 % 146% Punta Alegre Sug %7 % 44% 44% 44% Pure OU . :to 29% 29% 29% Radio Corp."ft 66% 67 6x4* Rail Steel Sp. ..139% 138% 138% 138% Ray Consil . 16 16 Reading . 82 79% 79% 8 1 % Renlorle . ?ft% 20 % ?n% 20% Rep I A fMeel •• *2% 60% 60% 6 I R 1> New V . . . 52% 52% 52% 53 Sf L A S F . .. 6;% 61% 61% 61% St L & S W 51% 50% 2.0% 51% Schulte Cigar St.114% 113% 112.% 114 Se^re-Roeburk .161% 153% 17.8% 1*4% Shell I'n Oil .. 23% 23 2 1 2 3 Simmons Co . 33 32,% Sinclair Oil . 17% 17% 17% 17'v Blnss-Sheffield 84% 82, M 89% Pkelly Oil . 25% "4% 25 24 % South Pac- .107% 105% 1 ft6 % 1ft.8 South Rail *2', *1 'i 6' *. 51 * 8 011 of Calif . 43V. 4Ji, »2S •-% 8 011 of \> •» I 41 v, 41 l> 41s O', Stand Plata C.laaa ■ >4V» Stewart-Marnrr 74 7 2% i *•»% Stromb Carb . 73% 7 a/* .Studebaker 46% 43% 4*% 4» * 8<lbm Boat ”>'x 9*. 1"’t »’» Taxaa Co . 4344 43431, 43 Texas Gulf Sulp .1M'» 1A3’, 1"4194*. Taxaa A Par . 4' >. 4.*» 45 V, 4*. Tmik Roll Bear . 4"*, 4" 40'* 4"‘a Tob Products .... 73724% *3 11% Tob Prod V' . 94', 9494V* 94 Tranacon Oil . •■•4 * Cnlon Pac .151’» 149*. 161 14® *» Cnlted Fruit ■ ili ,il* C S Cast 1 P .111 14Vt, 166', 16» C S lnd Alcohol . 64la *3’x S30» 64’. C 8 Rub .. 43’, 4 2 4. 43 4.'a C S Rubber pfd 9fiV, 9a', 96'a 9hV, C S Sl»r! .123 121 Va 121 *. 1224. r 8 811-o 1 pfd ...123V* 123 123 123 Clab Cop . - ■ 9* * *’ Vanadium .. 30', 29*, 301, -9 i Vlvaudou . ■ * .. , ' * Wahsh . 23 22*, 2344 -2 Va Wabsh "A” 59 Va 6T% MV» JJ’s West Cnlon .. .1211a 12" 12" 120 N VVnstinK Air 11 .114 It"’* 113', 110’a Westing Klee .... HQ'S* 78 7*% White Bugle Oil . -’K% L*8% ;* % -* * White Motors .... 76 78% .4% ' • • Wool worth Co ...126% 1-4% 154% l-«j* W'lllys-Overlaml 1®% 1®% 1® % 12 ." Wlllys-Over pfd 7*% 77% i7% 77% W'llaon . Wilson of«l . Worth I’limp .... 72 >■* '« »•* * '2 * Wrlgley Co . 4'i 4> % 49 4i f2 Ye! Cab T Co. • ■ . , Yellow Cab M ' o . 41% 41 « TotaI sales Tuesday. 1,823.7*0. Today’s 2 p. »r». sulns. 1.416,000. Foreign Exchange Rates. Following ars today's rates of exchange, as compared with th* par valuation. Fur nished by the Peters National bank: Par Val. Today. Austria .2® .noonu Belgium ..5*5 ®502 Canada .100 10®, Czecho-Slovakia . 7* .0808 Denmark .557 1 77 4 England .4.J* 4 <6 Germany .2"* -2** Greece .*. . . .19s .®1*S Italy ... • . 1*5 0458 Jugo-Sla via .20 .0160 Norway ...27 • 1 525 Sweden .. -• Switzerland .195 ,19oS New Y’ork fienernl. New Y'ork. .Tan 7.—Flour—Firm soring patents $9.®"® 9.50 soft winter straight' $8 60ft8.90 • hard winter straights. $*.75© 9.26. Rye-—Strong No. •> western. 11 5* % f o. b.. New' Y'ork and $1 57%. c. i f. «*• porr YVheat — Spot firm: No 1 »lark northern spring, c i. f . New Y'ork. lake and rail. $2.13%: N«* 2 hard winter, f o. b. lake am! rail. $1.95%*. No. 2 mixed durum do. II 92% . No. 1 Manitoba, do. in bond. $208%. Corn Spot firm: No 2 yellow c. 1 f track New Y'ork. all rail $1.44%; No. 2 mixed, do.. $1.43 8(P* Oat?—^pot firm; No j white 70c. Hay—Firm; No. 2. $27.00® 2$ •«. Lard— Firm: niiddl* west $16.45® 16 5 "> Tallow—Weak; special loose 1®%c; ex tra 10% c. Other articles were unchanged. Chicago Butter. ’’hi^ago. .tan 7 —Liberal offerings w h r>ntv a moderate demand '-aused anoth* - iialf to 1 crtut decline again todav in th butter mark*’ At the decline trade wa riuiet hut a steadier undertone was st parent Th*- centralized r* r market w*« liberal with offering* although demand , . - ■ ■ ■ - «a» slow Storare centralised 'art we * ’oner with tradinr uuiet Soma deman I wir reported on 89 itort cars but little business resulted. Fresh butter 92 *«ore. 39 4c. •1* 7 3K 90 score. 24 4c #9 *« ore. 37 4c *1 score 36c 17 score. 34 4c; #6 *core. * Centralized carlota; ?o score. 394c. *3 score. 37c; I* score 35 4f New York Produce. New York. Jan 7—Butter—Steady at the decline, receipt*. 12.764 tub* cr*am ery higher than extras 424v’3c- do e\ traa <92 sccrei. 42c. do firata (Ik to 'Jr acora). 39041c Kg g»—Irregular; receipt*. 16 437 caae«. fresh gathered, extra firsts. 600 6.c; do first*. 67 059c; do second*. 54056c; near by hennery wrhites. closely selected ex tras 670 66c; nearby and nearby western hennery whites, first to average extras. 610«4c; nearby hennery browns, extra*. 67064c: Pacific coaet whites, extras. 64’* 65c; do firsts to extra firsts, 62064c. Cheese—Firm, receipts 191,333 pounds. Chicago Spot Market. Chicago. Jan. 7 —Butter—Receipt*. 5. 724 tub* last year. 7.603 tubs- 14 old iars, no new curs; extras like; standard*. :.9 4c; extra firsts 38 4 039c. firsts. 36 4# 37 4‘'i hi ore, 37c; 8s acorc. 35 4*--; atc ond*. 32 0 34c. Eggs—Receipt*. 2,613 rase*. last year. 4.587 «a**s; 1 obi far. 1 new car; firsts, 54 0>66r; dirt*. 37040c; checks. 370 :58,: re frigerator extras, 45c- reftlgera»or flrais, 44c. Mutter—Weak. Egg* -Firm. New York Dry Cioods. New York. Jan 7—Cotton goods were quieter today following an easier cotton market. Yarns were marked down from 4c to lc a pound by local merchant Spinners held firm Raw silk prices were readjusted on a slightly low« r level to meet the recent irregular decline abroad Some of the large knit underwear house* reported a better trade Jobbers ar# be ginning to do a more active house bu*i nes*. Chicago rotators. Chicago. Jan 7.—Potatoes, early morn ing tradinr alow- market weak; receipts. 34 cars; total United States shipments. 434 cars Wisconsin eacked round whites. 11 0001 15; mostly SI 0301 10. fancy shade higher; hulk round whites ordinary condition II 05 01.10; Minnesota sheke l round whites 11.05; Idaho sacked russet*. 12 2602.3a. < hicago Produce. Chicago. Jar 7 —Butter — Ijnwm ; creamery extra* 39Ur; standards .1*4. , extra fus's 244 0 33c, firsts. 360374 . seconds, 32 0 34 4c. Eggs—Higher; receipts. 2 613 rase*. ? re « 5 4 0 56c. ordinary first*. 4»ff52'. refrigerator extras. 45c firsts, 44c. Chicago Poultry. Chicago. Jan. 7 —Poultry—Alive, un settled Fowls. 160 23c; springs. 23c roosters* 13c; turkeys, 23c; ducks. 27< ; geese. 21c. New York Poultry. New York. Jan 7.—Poultry T.ive 'regular, "broilers, by express. 3^ fowls. Leghorn*, by freight, 2 4c; bv ex press 29 0 : ducks by freight. 42c h> express. 120 46c. Dressed firm; fowls. 14 0 30c. Minneapolis Flour Minneapolis. J*n 7 —Flour- Cnrhanged. Bran—132.00 Kansas City Produce. Kansas City. Jan. 7.—Produce—L?n cha nged — V " -1 I I Associated Gas and Electric Company Service to 500,000 Population with 112,000 Consumers in 9 States | Associated Gas and Electric Company, a New York corporation formed in 1906, and affiliated interests, own, control and operate properties supplying electric light and power, gas and miscellaneous service to 368 communities in New York, Massachusetts, Connecticut, New Hampshire, Maine, Vermont, Ohio. Kentucky and Tennessee with a total population estimated at over 500,000. The constituent properties have a long record of continuous successful operation—the largest over 72 years. Of the net earnings for 1923, 83% was derived from electric light and power, 7% from gas and 10% from other sources. By an extensive system of transmission lines the upstate New York properties serve the densely popu lated dairying and industrial section extending generally southward from The Mohawk Valley toward the Pennsylvania-New Jersey State line and west of the Hudson, as well as along the Connecticut, Massachu setts and Vermont State lines north from Westchester County and the Harlem Valley. The Staten Island Edison renders exclusive electric service to the entire Borough of Richmond, New York City. With the rapid increase of population on Staten Island, this property is making great strides. It is increasing its generating capacity and recently contracted to furnish power, beginning in 1925, to the Staten Island Rapid Transit (a part of the Baltimore & Ohio System) for the electrification of the steam railroad lines on Staten Island. Other properties in Ohio, Massachusetts, Connecticut, New Hampshire, Maine. Vermont. Kentucky and Tennessee are operating under conditions favorable to sound growth. The geographical distribution of these properties is a significant factor of stability. The character of service rendered, represented in a large part by retail distribution of electric light and power to homes and small consumers, is further assurance of stable earning power. The record of Associated Gas and Electric Company is a chronicle of sound and steady growth, both in physical property and earnings. Its financial structure is conservative and the investment merit of its securities has been firmly established. Associated Gas and Electric Company 61 Broadway, New York, N. Y.