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About Omaha daily bee. (Omaha [Neb.]) 187?-1922 | View Entire Issue (Sept. 3, 1921)
THE BEE: OMAHA. SATURDAY. SEPTEMBER 3. 1921. IS Surplus Export Stores Causing Serious Problem Dipoial of Accumulated Com moJitfi in Foreign Na tion! Prrplexra Financ ing Bankt in U. S. By HOLLAND. There remain In various p!cn In om o( the South American nitioni, in central Europe and even the far rait vast accumulation! of comod iiic exported frmn the United States in the expectation that these would find a ready alt tnd furnith t very profitable business for some corpor ations which were organiied to (aciU iiate foreign trade. The president of one of the larger New York banki taid this morning: that it it still serious problem, in what way these accumulated stores of commodities can be disposed of. Many of them are not confined in storage warehouses. Some of them are in open fields, scantily pro tected against weather and other dangers. Some of them are already so greatly impaired that it is not pos sible to market them. This banker estimated the aggregate amount, measured in dollars, at not less than 100,000.000. Sooner or later there must be settlement, ulti mately with the government, because the foreign trade corporations in many xanes received aid from gov ernmental authorities. Mistaking Outlook. "!tovrel yeara ago th dlapaaltlan was very trenf la organ! corporation, wtu. bualnou waa to ! the financing and fat-ilttatlng of our foreign trade. There a.amixl to prevail a lapne In judgment, for tha li.llaf waa strong that Iho war roiiht ba continued fur aavaral years. Therefore eommodillea war ru.h.d to foreign markeie In tha expectation that tha damand for them would ba heavy and payin.nt. baaed upon adequate cradtu , ..St would ba certain. . Uii, tfc aiLlil-n tarmlnatlnn Af tha war dlaarraiicad all these pinna. Aftar tha arml.llca waa signed It waa discovered that commortitlra In enormou amounta had barn aant to South' Amtrlca and oma other natlona. But by raaaon of tha mltarraaamanta occasioned by fluctuatlona In foreign eschang and al.o for other raaaona It waa impossible to market theaa cotumoilltlrs. torn, of tham will never ba marketed. They will antall a com plete loaa. Borne of them may ba marketed by and by. Thla condition furnlahea ona and perhaps tha chief difficult factor In tha problem of how w can regain normal business condition. Withdrawing from Business. Thla ainerlenca haa taught a, lesson which soma of tha corporation, hava thor oughly learned. Tha toralgn trade banka are gradually withdrawing from thla bualneaa and tha probability la that within few montha many. It not all of tha corporatlona organiied to flnanca and fa cilitate foreign trade will caaaa to do bualneaa cf that kind. When J. P. Morgan poatponed 1.1a de parture for Europe, the reaaon commonly given waa hla daalra to remain In New York until tha contemplated aurglcal operation for tha relief of hi partner, Henry P. Davlaon. had been performed. But there waa another reaaon why Mr. Morgan delayed hla departure and ha made acknowledgment of It by publish ing brief atatement In which he as serted that It waa necessary atill further to aaalat a banking corporation which had been organised to finance foreign trade and In which banka were the atockhold era r4 furthermore that thla assistance bad been given. Bank Rnibevrraeament. Perhapa tha time haa coma when It may be properly reported that there waa a moment of peril duo to the ambarraaa mania with which thla foreign trade fi nancing bank had met. Theae embarraea menta were not only facing thla corpora tion, but they were shared In by soma of the banka which were stockholders In tha corporation. It waa discovered that many millions were Involved. One of tha largest ol American canning inatiiuiiona etocknoiaer to me extent. 01 to t of the capital. It waa necessary underwrite mora than ona plan for tha lef of thla Institution and also for tha relief of tha banks which: wara atockhold- era In It. Theaa embarraeamonta wera not occa sioned by bad management. When the Institution was organised there was as aociated with It every Indication that It waa to enter upon a large and vary profit able undertaking. But South America and some: of the nations of Europe wera unable to accept the American commodi ties which had been aent to them, the ex port of which had been financed by thla institution, Panic Averted. Soma time ago there came Intimations from aome of the leadera and even hlnta from executives Of the federal reservo aya tem that there waa a moment when the peril of pail lea or at least of very danger ous erlala was great. But tha situation waa handled with the utmost skill. It thla Institution had defaulted no one could tell what the effect would have been. It waa not unlikely that It would have been very harmful. ' By and by the full story may be re ported and when, it la. it will be dis closed that the federal reserve aystam was powerful enough to prevent panic and to enable those who have underwritten the relief of thla institution to succeed In that undertaking. It la only within a few daya and in fact not until Mr. Morgan's atatement that tha ellef of the Institution had been satisfactorily perfected, although many mllllona are represented in the un derwriting, that bankers began to apaak of the peril which waa ended and alao to say that there muat be some new meth ods whereby our foreign trade can be financed. . v- THE GUMPS SU' IN COUMU SUNDAY gtg A FATHER'S ADVICE TO HIS SON! Drawn for Th Bee by Sidney Smith. Oewrtgat I ft I ('hie rnboae f (unpens ji " as a. isaji nmmm) K o-rzs ft it- it 1 if TT1 rSiJSi ? V -nJw iK6-g Market, Financial and Industrial News of the Day iii mi ii. ii. il. 1 LiveStock Chicago Graun Omaha Grain Financial j New York Quotations III II II 'I 'I' 1" ...10.411 a. Jbl Recelpta ware: Official Monday urricial Tu-nlay ... Official Wednesday. ! Official Thursday.... S.77S Katlmate Friday 1.IS0 rive days thla week. 1 1,71s Kama day laat wevk.Sl.SSS Heme day S wk ago. It. lit Kama day S wk ago.IO.IJl Dame day year ago.. II, SSI Omaha. Sept. T, Cattle ttuas Hheep S.17S 4. IH S.ieo S.sot 1 41.21 11.177 ISMS 1.701 11.104 117.411 IS.I3S 101.131 14.194 I0.lt S1.4SS I4.I7S 17,0.4 11,101 Rocelpta and disposition of live stock at the Union Stock Tarda. Omaha, Neb., fur 24 hours, ending at S p. m., Sep tember S, Hit. RECEIPTS CARS. Cattle HogeSh'pII.M. C, M. A St. P. By... 1 S .. . Waba.h R. R S .. .. . Mo. Pav. Ry 18 Union Pad tic R. R. .. S C. A N. W. Ry., eaat. ,. C. N. W. By., west. 4 C, St. P.. M. O. Hy. C, B. A Q. Ry eaat. C, B. 4. Ry., weat. C R. I. P., east.. C, R. I. A P., west., Illinois Central Ry. .. Total recelpta S A I 1 .. 1 IS 21 17 SI DISPOSITION HEAD. Cattle Hosts Sheep Armour A Co. II 3 S Cudahy Packing Co... 141 Doid Packing Co. lis Morrla Packing Co.... SS Swift A Co 101 J. W. Murphy Wilson Packing Co... 17 Hoffman Bros. S Midwest Packing Co. S P. ODea 4 John Roth A Sona.. S 80. Omaha Pack. Co.- 20 K. Q. Chrlatie A Son. S John Harvey 2S Huntilnger A Oliver. . 45 P. P. Lewis 1 Mo -Kan. C. A C. Co. 40 B. Root A Co 7 W. B. Van Sant A Co. 10 Werthelmer A Degen. S Other buyera S08 Ogden .... 1371 821 ll S04 Total ..10JJ I Wl largest- 01 1 -JV waa a atoc asaasfi ;iniar cent of ". to underwrt v . . reuer of tn 7714 Cattle Receipts .of cattle were light today aa usual on a Friday, only about I. 800 head being reported in. Most of these were native corn feds and aa the demand was rather alow pricea were no more than ateady on the beat kinds and weak to lOo lower on ahort feds and weighty, steers. Nothing real prime was offered and aome choice handy welghta at II. 35 topped tha day's market. No west erns were on aale and they were called about ateady, aa were cows and heifers which were also In vary ugnt supply. Blockers and teadera showed no quotable change. - Quotations on rattle: -.cnoice to prime beeves, !.S610.00; good to choice beeves, S8.850S.86; fair to good beevea, 88.400 8.76; common to lair Beeves, ii.iibi.u; choice to prime yearlings, IS.8S4J10.3S; good to choice yearlings, 8 4098.76; fair to good yearlings, .tf.3o; common 10 fair yearllnga, 87.6098.(0; choice to prime grass beevea, t7.0OQ7.76; good to choice grasa beevea, 6. oowd.au; tair to gooa grass beevea, 15.25C8.06; common to fair grass beeves; 84.26 5.28; Mexicans, 84.00 4.76: choice graas heifara, 86.6006.86; fair to good grass heifers, (4.266.60; choice to prime grass cowa, i&.zg?.to gooa to choice grasa cowa, 84.8006.00; fair to good grass cows, 4.00fl4.60; common to fair grasa cows, 12.U0W3.76; cnoice 10 prime feeders, 87.0007.40: good to choice feeders, 86.25QS.lo; (air to gooa leeaera, 86.6096.26; common to fair feeders. 14.75 fiiS.dO; good to choice atocKera, its.uuuio-ou; fair to good stockere. S6.00ffl5.75; com mon to fair stockere. $4.0O6.00; stock cowa. 83.0004.26: etock heifera, 14.009 6.25; stock calves, S4.6,0T.OO; veal calves, I4.50OS.00; bulls, stags, etc., 12.6093.26. BEEF STEERS. No. s Av. Pr. - No, , Av. Ft. 8 1045 UN 10. .....1110 ev SB 1031 8 75' 8.. ....1687 8 00 ' Chlcaao Live Stock. Chicago, sept. . Cattle, receipts. 4,- . (00 head; market, ateady; top yearlings, 110.75: bulk beef ateers. 24.2506.60; can- nera and cutters, largely S3.6091.26; bulk bologna bulla, 3.60 J.SO; bulls, 14.600 S.75: veal calves, mostly 813.00913.60; ' best up to 314.00: bulk atocker ateers, 15.00fl6.00: feeders. 88.0007.00. Hogs Recelpta, 17,000 head: market, fairly active! better grades lights and me . dlums, steady to strong; others, mostly 19 nito n sher than yeeteraay a average !",-v best packing grades, 25o higher; hold- fft ''--JO.ifnr pntnnkrattvMlv ' lieht: too. 88.85, early; very few over 28-55; bulk and Ugnt butcher, 2.26QS.S: bulk packing sows. 87.0097.36; pigs, 25Q40O higher; bulk de sirable. $8.4898.59. Sheep Receipts, 19,008 head; native lambs, steady to atrong: top western to ahlppera, 88.69; others, $8.60; top natives, ts.!5 to city batchers; bulk. 17.6098.00; culls. 35.0098.28: llcht fat aheeo. steady heavies, moving better at $2.2593.60; few loads leader lambs, ateady at fs.aOQ S.75. , - - Kansas City Un Stock. Kansas City. Sept. 2. (U. S. Bureau of Markets.) Cattle Recelpta, SOO head quality, common; all classes, around ataadv: Oklahoma and Kansas grass steers. $4.00 9 7.09; one load native y ear line. $7.75: few good cowa, $6.35; moat alea. 24.69. down: good calves, 18.751 S.09; fleshy Kanaaa feeders, over 1,209 ih 87 ca . TTn Rerelota. S.999 head: market. firlv active, mostly ateady to lc hi.h.r- anota more: balk 189 to 200-lb. -welghta, I! IS 9 . SO; one load fancy 121 lb, hogs, 38 50, out of line; choice 275 to .' 300-ltu. $1.5(98.85; bulk of Bales. $8.25 92. 25: packing aows and pigs, steady; -kniu ,w.v la AO- Sheep Receipts. 209 head: offering In v sufficient to test market: killing claases -- nominally, ateady: feeding lamos. sieaay, best $8.40. - fie iMh YJv Moek. Cast 8t Loais. 111.. Sept. 2. Cattle Jteoelpts. 2.S00: native steers, tesdy; $8.00 paid; southweaterns, lower; beef cowa, 10915c lower; rfulL ataadv. Hogs Receipts. 709 head: closing, ae tlvew l30e lower: top. 3.S5: practical in. lais: bulk llshtwela-hta, $S.259'- . knlk medlnma. 89.9098.15: heavies. Ss.C99S.90i Backer sows. I5e lower; from - SS.68 9S.75: pigs, steady to 25c lower $7.6 98.99; clearance, good. Sheeo' and Lambs) Receipts, $99 head market, nomlnailr steady ; too few re- Minti for a market: few fairly laniba at $7.26: only sales: remainder .- of run cemmoa ta medium stuff at an -""changed prices. slow, ahada other - Vnr Taark Seorar. New Tork. Sept. 2. There was m little mere activity in the raw sugar market today. Involving sale of about 10,909 bass Ban Domingo at 2.89c e. t. f. la port. This dtd not rhanc-e centrifugal, which "Temalned at 4.le for aacontroiled .and 9-tte asked by tha Cuban committee. 263 364S 4441 24 27.. . 8 20 ...1068 ...1480 305 1424 9 10 18 1178 STEERS AND HEIFERS.. 75S . 8 10 COW8. 4 35 T 1147 BULLS. 6 00 CALVES. ' 8 00 ....... 34$ WESTERN CATTLE. CULUHAUU, 24 fdrs. SIS 5 90 V "i Him-Receinta of hogs today limited to 2,809 head and tha market waa fairly active at allgntly improvea prices. Average trade was quoted around a dime higher with Individual aalea anywhere from steady t 16o higher. Pricea were scattered over a wide range, the same as recently, and best light hoga made a shipper top of $9.10 with bulk of recelpta Belling from $S.667.60. . v HOGS. 5 76 7 (9 were No. Av. 58, .342 26. .328 68. .388 59. .301 66. .812 15..316 (2..280 68. .318 56. .271 72. .238 60. .201 69. .198 Sheep With Sh. 70 ' 10 110 70 HO. 280 40 70 Pr. $ 60 8 75 Pr. 5 70 6 80 7 SO 8 SO s io only No. Av. S7..917 5S..292 50. .813 47. .334 SO. .285 47. .265 59. .281 58. .288 84.. 274 64. .234 ... 8 75 80. .178 "... 2 09 48.. 294 6.700 sheep and Sh. 40 210 140 70 80 140 ". 70 140 - 70 7 90 i'io tamki tira todav trade was. featured by ouarter advance In tat lamos; omer -i.... inns on a generally sieaay basie. Best fat lambs here, a five-car shipment of 74-pound Nevadas, went at 87.30, the aay a top. utmr "'" 'L Ing lambs were reported at $7 58 and less. Fat ewes were not wanted above $3 09, aged wethers were quoted up to $8.75 and choice handy yearlings up to S4.5v94.TB. veairaoio imu " - rather scarce with best ugni gyaut worth up to 1159 6 and with bulk of the sood feeding iamoa moriu. Mlna nn hn Fat lambs, west erna, $8.60 9 8.90; -fat lambs, $5.7.97.00; feeder lambs. $5.6094.60; cull lamta. $4.0096.00: fat yearlings, $4.2594.75 feeder yearlings, $4.00 94.76: fat ewes. tt n.Slhn eMler ewM. 82.00 9 3.75: hins ewaa. 11.00 9 5.00: call ewes, 7 60 911.25. . FAT LAMBS. No. Av. Pr. No. At. Pr. 1372 Neb. 75 8 39 . - Sloaz Cltjr IJto Stock. Kir.11. oitv. tit. Sent. 8. Cattle Re r.tni. l ine head: market ateady to weak: fed ateers and yearllnga, 38.089 1900; beef steers, $8.6099.85; grass cow; and heifers, $4.6097.99; fat rows- ana heifers. $4.40 9 7.60; renners, $1.50 9 2.94; reals, $4.0098.50: feeders, $4.40 9 8.75: cslves. $3.60 9 8.35: feeding cows and Hose Receipts. 2.999 head; market ateady. 25c higher; light, $8.9991.90; mixed. $7.2598-00; heavy, 34.35 O7.60 wik- t Him 86.75498.26. Sheep Receipts, 19,999 head; market steady. . . Ri. Josenh IJve SSeek. St. Joseph, Sept. J. Cattle Recelpta, aaa k.d- market, generally ateady ateers. 84.99 9 8.76; eowa and heifers, $3.99 99.76: calves, $5.99 9 9.99. nnn Reoeinta. 2.299 hd; market salt to lee higher; top, $9.34; bulk ot 1 a. ual Rheea-LRecelDts. 4.409 head: market. steady t weak: lambs, $7,999 1.35 $3.94 9 3.78. Unaeew Ml. ruluth. Sept. 2- Linseed Op $1.89; te arrive, $L2S. track. By CHARLES D. MICHAELS Cbkage Tribune-Omaha Bee leaaed Wire, Chicago, Sept 2. Closing of spreads between this market and Winnipeg', the selling operations be ing at this end, together with con siderable profit-taking sales exerted a weakening influence on wheat and last prices were at the bottom, with net losses of 1 1-21 3-4c for the day. Lowering of cash wheat pre miums and the fact that export bus iness dropped off entirely owing to yesterdays advance in prices, had effect on sentiment. Outside pur chases in the pit were less extensive than on the former day. Corn ruled 3-4l 3-8c lower and oats l-4l-2c off. Wheat prices attained higher points in the early part of the session, but the maintenance of these was diffi cult in the later trading. Trade took on a more active aspect, with out side interest particularly showing im provement, investors evidently awak ening to the strong situation existing Commission houses had good buying orders to fill at the outset and the local crowd likewise made liberal commitments on this side. This de mand was satisfied by offerings com ing from concerns with northwest and southwest connections. The ex treme top brought out a lot of re alizing and as there was not enough buying power in evidence at this time, this sflling forced prices back to the previous close. Increased re ceipts in the northwest and freer of ferings from the interior to this mar ket served to put a damper on the bulls. Surplus Below 1920. ' Baaed upon present crop estimates, the North American exportable surplus Is Placed at 400,000,000 bun he Is. Exports from the seaboard since July 1 have been considerably greater than tha amount moved -for the same period a year ago and with suppliea about 136,000,000' bushels smaller than last year. It la believed that domestic buyera will find It difficult to satisfy their requlrementa later In the season,' ' A hither price range In corn was at tributable partly to the advance recorded In wheat. There was fairly good buying by commission houses, , while tb4 -aelllng operations were led by cash houea. On the bulge, profit taking developed and a setback occurred in values. Bids to the country on corn to arrive were reduced He and' it was Bald deaplte the reduction, offerings were large. Caah corn . basis waa alightly easier. Oata averaged above yesterday's clos ing level, commission house buying being rather general tn sympathy with the firm r.eas in wheat. Locala.were on the Belling aide at the start and . September waa under pressure of hedging aalea. ' Houses with eastern connectiona were good buy era of the Decembe.- and offering) 1 of deferred deliveries were light.. Provision prices moved up under lim ited offerings and scattered buying in duced by higher pricea for hogs at the yards. Cash. rye waa 3c higher, sales no. z, $1.05: No. "S. $1.0391.03M: No. 4, 97o. No shipping sales were reported. Cash barley closed, unchanged to to higher. Sale ranged from 66 6 8c. Pit Notes. Mlnncapolla wired: ''Hallet, who just returned from Winnipeg, says they are all bears up there, on account of not hav ing any wheat sold for export tills year, aa against 80,000,000 bushels sold at the aame time last year. - Cash pricea In Winnipeg are. disappearing rapidly and their crop starting to mlve. They're won dering who is to take the wheat." "The Department of- Agriculture says that 21 countries have rained 77,000,000 bushela more wheat than laat year but North America la again the chief source of supply," aald . Thomson-McKlnnon. "Last year we exported 864,000,900 buahela and Canada 168,000,000 bushels, a total ot 636,000,000 bushels. Upon haste ot preaent crop estlmatea, Norm America nas onu 400,000.000 BUrplUB IOC export. ,ieinvia from the seaboard alnce July 1 are con siderably greater than at the aame time a year ago. Now, witn supplies h.i 000 bushels smaller and shipments abroad larger than last year, It can be seen that the domeattc trade snouia n uu"..iy m restocking their shelves." The ahort crop of cotton will tiave an Important bearing, not only In provisions but in reference to the grain trade, as the competition from cotton seed meal and other products will be much lees than usual. Thla will .tend to harden prices for mil! offal and also for coarse grains. Winnipeg cash wheat was on the earn basis aa Thursday, with a good demand reported. The export buying has been of liberal volume for the last three days in Manitoba wheat and this haa tended to steady the cash market in western CJaieaG. Smith 'of Fort Worth. Bald: "Galveston loaded 17,500,000 bushels of wheat for export during August. Ves sel 'room for September is plentiful and awaiting wheat" "The action of the cotton market ex plodes the theory that general conditions were too deplorable to permit of any broad -speculation," aaid Bartlett Frazler. "Little or nothing is now being heard about the big carry-over In that commod ity, but on the contrary, people are thank ful it is so large. We dp not care to argue the matter, but simply wlsn to em phasize our belief In higher pricea." CHICAGO CLOSING PRICES. R, TTndike Grain Co. DO. 227. 8ept. 2. Art. I Open. I High. I Low. I Close. I Tea Wht. Sep.; 1.25 V. 1.27 1.25V4 Dec. 1.17 1.2S-4 1.27 May 1.30 V. 1.1214 1.31 I... Rye I I Sep. I.9S I.8S Dec. 1.0Vi 1.07 May 1.11 1.11 Corn I Sep. .$5 .55 Vi Dec '".i'ik .64 May .68 S .9K .68Vi Oats Sep. .25 .26 Dee. "'.isi,' ".28 .3 May .its, .43 .43 V. : Pork I Sep. 17.54 17.59 Lard I Sep. ll.TS 11.90 ! Oct. 11.85 12.00, Jan. S.ti 9.77 H.h. I Sep. S.99 I 9.99 Oct. I 1.23 XJ4 "l.25vi V.25V, ' 1.25Vi 1.29 1.29 ....... 1.29 1.03 14 1.03 V, 1.05 1.05 1.08 .53 .63 63 . .63 .63 ....... .63 J.57 .67 67 . .34 .24 35 . .37 .39 .38 . .41 ..41 17.54 1T.S9 11.79 11.9 11.80 12.0 . 9.7$ 9.77 9.99 (.99 1.26 l'.2T" 1.27 1.30 1.30 1.06 1.07 1.0 .55 ".64 .54 .68 .35 '.38 .42 .42 17.5 3.70 8.87 9.1 Kansas City Grain. . Kansas City. Sept 2. Wheat Septem ber. $1.14; Ierember, $1.14: May. $1.20. Corn September, 42 c; I'd ember, 45c; May, 60 Wc Omaha, Sept 2, Cash wheat prices ranged un changed to 2 cents lower today ami the bulk 1 to 2 cents olf. Com was KQVM off. White was off l'4c, yellow 11jC, and mixed 1c Oats were unchanged to 'Ac lower for the bulk. Rye declined K(&lc. Barley .was generally lower. Wheat receipts today were larger than the average recently with 207 cars against 135 a week ago and 145 a year ago. . WHEAT. No. 1 hard: 1 car, $1.18; 1 car, $1.18; $ cars, $1.17: 1 car, $1.14; 1 car, $1.14. No. $ hard: 2 car, $1.20 (dark, headed out); 1 car. $1.1$; $ cara, $1.17: $ cars, $1.14; 1 car, $1.16: 4 cara. 1L16; 1$ cara, $1.16 (yellow); S cara. $1.14 (yellow); 1 cars, $1.13 (smutty); 2 cara, $1.12 (smutty). No. $ hard: I cars, $1.18 (dark); 1 car, $1.15 (dark); 1 car, $1.14 (dark, smutty); 3 cars, $1.1$; 1 cara. $1.14; 1 car, $1.14 (smutty); $ cars, $1.14 (yellow); $ cars, $1.13; S cars. $1.13 (yellow); 1 car, $1.13; 5 cara, $1.12 (amutty); 4 cars, $1.13 (yel low); S cars, $1.11 (smutty); 1 ear, $1.10 (smutty); 1 car, $1.08 (very smutty). No. 4 hard: 1 car. $1.13; 1 car, $1.13 (smutty); 1 car, $1.12; 1 car, $1.11; 1 car, $1.11 (yellow): 3 cars, $1.09 (smutty); 2 cars, $103 (smutty); car, $1.06 (very smutty); 4 cara, $1.06 (very amutty); $ cars, $1.04 (very amutty). No. S hard: 1 car, $1.10; 1 car, $1.19 (yellow): 1 car, $1.08 (smutty, yellow); 1 car, $1.02 (smutty); 1 car, $1.0 (very smutty); 1 car, $1.01 (smutty). Sample hard: 1 car. $1.08 (smutty); 1 car, $1.08 (yellow, amutty); 1 car, 81.01 (yellow); 2 car, $1.04 (heating). No. 1 spring: 2-3 car, 1.2S ( northern). No. 2 aprlng: 1 car, $1.30, . No, S spring: 1 car, $1.30, No. 4 spring: 1 car, $1.16 (northern). No. 1 mixed: 1 car; $1.23; 1 car, $1.17; 1 car. $1.10 (durum); 1 car, $1.10 (aprlng, durum). No. 2 mixed: - 1 car, $1.09 (spring, durum). No. $ mixed: 3 cars. $1.02 (amutty). CORN. No. 1 white: 1 car. 44c; 1 car, 48c; S.cara, 45e- No. 2 white: 4 cara, 4SVSC No. 1 yellow: 1 -car, 4to (shippers weight); 1 car, 44o (loaded out); 1 car, 4Not S yellow:. 3 $ car, 42o; 1 car, 43c (musty). No. 1 mixed: 2 2-S cars: 43C No. 2 mixed: 1 car. 43 Vic . OATS. . No. 2 white: 1 car. 20o (27.2 Iba); 2 cars, 3o (shippers weight)! cara. 30c; .1 car, SOo (37.3 loa. ' No. 4 white. 1 car. 30c; $ cars, 20c. Sample white: 1 car, 29c RYE. . ' . i No. 2: 1 car, S2o; 1 ear, 22c. No. 3: 1 car, S2o. (special bluing); Z cara, iio; -o car, nc No. 4: S cars, 0V4C. BARLET. ; Nn. 3: 1 -car, 62o. No. 4: 1 car, 49c; 1 car, 47c. " Rejected: 1 car, 44o (38.3, lbs. S. OMAHA RECEIPTS AND SHIPMENTS. Receipts . . xooay Wheat 207 Corn 32 Oata J Rye IT Barley ............. Shlpmenta Wheat V, 140 Corn . 12 Oata , 7 Rye ................ 1 Barley PRIMARY RECEIPTS AND SHIPMENTS Today, Yr. Ago. Wheat ....J.. .....2.462,000 1,217.000 Corn .............1,285,000 - 627,000 Oats 690,000 1.203,000 Shlnmentfi Today. ' Yr. Ago. Wheat ..1,195,000 . 1,02,000 Corn 1,178.000 2s,9 Oata 695.000 634,000 EXPORT UljKAriAINlJCO. Receipts ' Today. Yr. Ago. Wheat 621,000 ' 887,000 Corn 3,000 , CHICAGO CAR LOT RECEIPTS. , Today Wk. Ago Yr. Ago Wheat ..." 108 200 75 Corn . 444 437 171 Oats '. 8 25 164 ST. tOUIS LAK LUI nauairia, Today Wk. Ago Yr. Ago Wheat 160 188 127 Corn ............... 13 37 34 Oats 25 47 91 NORTHWESTERN CAR LOT RECEIPTS OF WHEAT. - Today Wk. Ago Yr. Ago Minneapolis 620 641 , 358 JJUlUtn -.... ....... .oua - ..i j . Total 1,022 742 497 Winnipeg 423 441 221 138 . 146 28 48 15 ' 88 12 ' '' 6 . 2 119 118 61 , 17 8 14 10 8 $ New York Quotations vIbeNttui3orkiOTffl. By ALEXANDER DANA NOYES. Chkaga Trlbuae-Onuha He Lea ted Wire. New York, Sept 2. The confused ecnomic tendencies of the moment were strikingly illustrated in today's markets. On the stock exchange, prices ended the business week with another vigorous recovery, but ster ling exchange declined violently, car rying other European exchange rates along with' it Cotton advanced rap idly again on the basis of Thurs day's government estimate and lost only part of its earlier gain before the closing, but wheat prices, after a temporary show of strength, closed t a net decline for the day which ignored the record-breaking figures in the statement of total wheat ex ports for the week. The money market was motionless and it is not without interest to re call that the 5 1-2 per cent on call loans and 4(3-4 on time at this offi cial , ending of the summer season compares with 7 and 8 1-2 per cent, respectively, at the corresponding' time a year ago. . Advances General. To the day's advance In stocks, there waa practically no exception: net galne of 1 to $ points occurred In an unusually large number of atocka Theae advances were both In railway and Industrial ahares and thvy evidently embodied further re treat of the recent unsuccessful endeavors for the decline. The strength ot the United States Victory 4 per centa, waa noteworthy. Their price rose several daya ago above the previou high mark of the year, while today It crossed 99 for the first time alnce January 10, 1920. With theae bonds, however, mere lapse of time plays In favor of a higher valuation, for they muat be redeemed at par on May 20, 1923. Cotton advanced more than $3 a bale over the previous daya' high closing price before the afternoon reaction began. One of the week-end mercantile review remarks today that while the recovery In cotton has brought better orders from Southern distributors than In many nronthB, on tha other hand manufacturing centers are restraining purchases, dislik ing the - prospect for trade on a higher basis of pricea. These are largely mental considerations and ao.ls the equally doubt ful question whether tha southern holders of the- cotton carry-over will sell freely on the rlae In price, or will be governed by Imaginings ot a 39 or 40c price re stored. ' f . . 7 Bradetreet'a. Trade Review. , New York, Sept 2. Bradstreet'a to morrow will Bay: "Jobbing trade reports are more cheer ful, especially from the south and west, and this accesa of optimism aeema to have had a good, baala tn a larger vol ume of trading for fall account. In addi tion, the industrial situation has Im proved somewhat, several Important cit ies not a reduction of unemployment and there haa been a marked upward aurge In pricea of raw cotton and cotton goods. Grain marketing haa been free, with ex ports heavy, and there is a better trend to late crop reports, cotton excepted. Modifying the general cheerful trend of the majority ot the Week's happenlnga, It Is noted that the stock market has' continued to display Indecision, but for eign exchange rates have ruled strong er and the bond market haa shown more life. Retail trade is Inactive, as not un usual at the close of summer." Weekly bank clearings, $5,387,940,000. Minneapolis Grain. Minneapolis, Sept. 2. Flour unchanged to 20c higher. In ear load lots, family patents, quoted at I8.00&8.20 a barrel In 98-pound cotton aacks, - . Bran 13.0015.00. , Wheat Receipts, 620 ears, compared with 853 earn a year ago; cash No. 1 northern, $1.39; September, $1.32; De cember, $1.31. i - , Corn No. 3 yellow, 48 9 49c. Oats September, 35c; December, 87 c. Barley 42 60c. t. Rye No. 2, 9897o. , ' Flax No. 1, $1.931.95. " 'St. Louis Grain. St. Louis. Mo . Son! 5 Who aAntAm- her, $1.23 bid; September, $1.26. Corn September, 52o asked; (December, 61c. Oats September, 25c; December, $7c. Range of price af tha leading atorka furnished by Logan llryan. I'etera Trust building; RAILS. Thursday High Low Close Close A., T. A S. K 6 86 $6 84 II. O JI'l 34 37 l.V Canadian I'ai-irie. .11 is. N. V. Central Che. 4V Ohio Krl. It. R Ot. Nor. pfd III. Central SI.. K. t T Kan. C. So Mo. Pacific N. T.. N. H. & II. No. Pac. Ry C. A N. V Penn. R. R Reading Co. ,,,, C, R 1. & P So. Pac. Co So. Ry , C, M. St. P... Union Paclflo ... 71 $4 18 72 112 112 111 71 71 70 64 .4 13 T3 12 74 64 13 71 $$ Am. C. ft V. , All.-Chal. Mfg. , Am. I.oco. Co,.., Baldwin Loco, Beth. St I Colo Fuel-Iron , Crucible Steel ., Am. Stl. Fdrlea. Lackawanna Stl Mldvale KtL ... Preaed 8tl Car.. Rep. Iron-8tL Railway Stl. ... Sloss-Shef Stl. , U. 8. Stl. 1 1 1 26 $4 26 24 19 18 19 11 16 16 15 1$ 72 70 73 11 86 54 44 84 38 28 . 28 28 87 44 87 64 32 22 82 22 74 74 14 76 .. 18 11 19 19 .. 26 84 24 26 ..tlKVa 11$ 118 116 STEEL. ..135 124 126 124 SS 87 79 $0 23 !i 28 34 63 47 ... 80 ...85 75 COPPERS, ... 36 34 ... 39 33 ... 10 $ 32 84 14 8 66 23 38 22 62 46 13 34 74 Anaconda Cop. Am. Smlt.-Rfg, Chile Copper . Chlno Conner Insp. Cons. Cop... 32 33 Kenne. Cop. '.18 17 Miami Cop. CM.... 20 2 Nev. Cone. Cop. .. 10 1 Ray Cona, Cop . Utah Cop, Co 46 46 INDUSTRIALS. Am. Beet 8ug. 28 28 22 8T 77 60 22 67 23 8 63 46 80 36 16 35 $ 14 32 18 20 10 is" 23 K3 49 $3 ii" $2 46 1$ 14' $3 33 ii" 32 17 io' n 4 23 28 43 18 104 22 22 26 43 27 8 34 . 33 9 - 28 .... 24 22 29 28 44 43 18 17 106 105 30 28 83 26 44 27 8 85' 69 33 9 33 26 43 26 7 34 68 A. Q. W. I. S. 8. 85 Am. Int. Corp. ... 20 Am. Sum. Tob. ... 45 Am. Cot. Oil Co., 18 Am. Tel. A Tel.. 106 Am. Agr. Ch. Pro. 30 Bosch Magneto ..33 Am, Can Co 26 Chand. Motor Car 44 Central Leath'r Co 28 Cuba Cans S'r Co. 8 CaL Pet. Corp 36 Corn Pr. Rfg. Co. 48 Nat. Enam. A 8.. 33 Flsk Rubber Co.. 8 Oen. Electrlo Co. ..124 Oen. Motors Co... 2 Goodrich Co 21 Tnter. Harveater. 77 Haekell & Br. Car 67 U. S..Ind. Al.'Co.. 46 Inter.- Nickel 12 Int. Paper Co. 44 A J ax Rnbber Co., 18 Kelly-8pring. Tire 40 Keystone T. ft R. 12 Int. Merc. Mar.,,. .... Mex. Pet. 107 Middle Statea Oil. 11 Pure Oil Co..;...,' 24 Willys-Overland .'. 6 Pacific OU 36 Pan-Am. Pet. Tr.. 47 Pierce-Arrow ...... 11 Royal Dutch 60 U. S. Rubber ...V. 46 Am. Sug. Rfg. ... 61 Sinclair Oil-Rfg. . 19 Sears-Roebuck .... 66 Studebaker Corp. . 74 Tob. Pro. Co. ..... 66 ' Trana-Con. Oil ... 6 Texaa Co ..36 Weatlng. El-Mfg. 44 Am. Woolen Co. .. 72 . Total sales, 621,200. Money Close, 5 per cent; Thursday close, 6 per cent. Marks Thursday close, .0418c. Sterling Close, $3.71; Thursday close, $3.73. 132 124 122 9 9 9 21 ' 21 .... 14 77 76 67 67 .... 45 48 45 12 12 12 42 -43 42 17 18 18 87 39 27 12 12 11 41 101 106 104 11 11 11 23 24 23 6 6 6 24 36 25 45 46 46 11 11 - 11 48 60 48 44 46 44 69 61 69 18 19 18 64 66 64 72 73 72 63 65 63 6 6 6 34 85 34 43 43 43 .70 72, 70 Bonds and Notes . New York Cotton. New Tork, Sept. 2. There was con tinued buying on Thursday's bullish crop figures and price reached still higher lev els on the cotton market today, with Oc tober selling at 17.97a and later montfca above the 18c level. Private cable ssald that spot buyers wero operating; less freely at the advance, but reported a good undertone in the Liver pool market. ' The readiness with which realizing sales Were absorbed in reactions of 25 or 85 polnta evidently served to check offerings. Trading became less active and the mar ket was steadier again toward midday. December, which had Bold off from 18.26c to 17.94c, sold back above the 16o level and the advance was encouraged by bullish private crop advices from the south. . EXCEPTIONAL VALUES Are Offered Saturday at PHILIP'S BIG STORE Our Millinery DEPARTMENT continuea to enjoy the approval ot everyone. For Saturday we have ex cellent selections of trimmed hate and banded Bailors ranging in price aa follow i $4.75 $5.75 $6.75 We are listing just a few of the many values to be found in our store. We are in a position to offer our customers quality merchandise at prices considerably lower than the current market. y Congoleum Rugs Assorted patterns, excellent variety to select from, special for Saturday - Size 18x36. . Sixe 36x54:, Six 36x72. . '. . .49c each .$1.98 each $2.49 each Jelly Glasses small and large sizes, a dflr dozen .....Y' Armour's Corned Beef Hash, Veribest brand, 2 lbs. net, 75c value, on sale 29 C 2 5 -piece set of English Dinnerware, beau tifully decorated, assorted patterns, ex cellent value. Very special for Saturday, a set. S4.7S. OU Cloth for table use, all colors, assorted jH? for $1.00. 42-piece,set of Imported English Chinaware, hand-painted, finest quality, offered special' for Saturday, tQ CA :y iPUidU Armour's Veribest Brand Toilet Soap on sale special for Saturday, S bare, 25c. the set . patterns, three 24th and O Sts. MAILORDERS SOLICITED South Omaha Ask for itf&C Tradiag Stamps They Are GSres. With Each Purchase. App. Bid Asked Yirld Am. Ag. Chm. 7 Us. 1841 84U, i 7 88 Am. T. 4k T. 8. 2t4 ' Am. T. at T. (a, 18:4 W l" Anaconda 7a. 1822 J" 84 Armour 7a, lSia !' 8i llelglaa Gov't . If4l...ll4 101 S Haitian Uov't 7H. 1841. lot 10J' lieta. Steel fa. lt:i Krlilsh H. 12 Hrlll.h m. 1228 Ilrltiah 8H". 121 O. B. . 8H. 1818.. Chile 8a. 1841 , in mark 8a, 1842 French Gov't 8s, 1848.. B. r. Ooodrlrh 7. 1821 Jap. Oov't 4 Si a. 122i.. Jap. Uov't 4a. 1821.... Norway 8a. 18411 N. Belt Tel. 7s, 1841.. N. T. Central 7s, 1820 Penn. R. R. 7. 130, SHU, 8lt . V . 80 80 . 8li 88 ,100V 101 . 81V, 88 .102H 101 .inov loovt . to . S 87 . 72V. 72 . .1028. 101 ..102V 102 ..102 - 102V ...104 10ft Sw. Ball Tel. 7. 1828... 87 7 Swift Co. 7a. 1828 27 87 Bwlsa Oov't 8s. 1840 10 108V2 U. & Rubber 7 Ha. 1820.. 88 4 Vacuum Oil Ta, 18J8 10114 1014 Weatlngha 7s. 1831 101 V. 101 0 8 44 8.1 7.28 7 88 7.28 7 40 8.40 7.08 (.88 8.40 2.18 7.77 7.88 tOVt 1002 B.sv 8.78 Boston Wool. Boston, Sept. 8. Tha Commercial Wool Bulletin tomorrow will aay: "The demand for wool ha fallen off rather sharply during the paat week, al though aome houses report a fair volume of trade at ateady prices. The gooda market, however, haa fallen on dull times, according to all reporta and business haa accordingly Blackened up on raw material. "Foreign market are very buoyant, T.nndon having opened fully 10 per cent higher than the clo of tha prevloue sales, while the tendency in ine Irallan markets la atlll unwarda." Hcoured base: Texas, fine 12 months. ise78n fine 8 montha. loatbe. California: Northern. 707Cr; middle county. 66&88c; Southern, 6065c. Oregon: Eastern No. 1 ataple, 7880c Eastern clothing, 80 65c; valley No, 1 CBh70e Territory: Fine staple choice. 80t88ci U -blood combine (8 072c: 44 -blood comb lng, 60D6c; -blood combing, Shftlto; fin and fine snedlum clothing, eoi68c; fine and fine medium French combing, 6Sr?70c. Fulled: Delaine A, 85o: AA, 7580c; A auDera. 80sx)70c: c Hunera. Zbgtzvo. Mohair: Beat combing, 27020c: beat carding, 12925a ' Libert Bond Price. New Tork, Sept 2. Liberty bond at noon: 24. 87.24; first 4s, 87.88; second 4a. 87.70: first 414s, 87.76; second 414. 87.82; third 414. t7.o; lourtn . 87.86; Victory 2 a, 28.26; Victory , 88.88. Liberty bond closed: 84, 87.40; flrat 4s. 87.64? second 4a 87. 70: nrat , 87.80; second. 414. 87.84; third 414, 81.82; fourth 4 It. 87.84; Victory 2, 82.00; Victory 4. 88.00. ' rhleaea Produce. Chicago, Sept 8. Butter Higher; creamery extra, 284c; standard, c; firsts, 22027 4c; second, 20 31 14c. Egg Unchanged; recelpta, 2,130 cases. Poultry Alive, lower; fowl, &24o; spring, 24 4c ' South Side James R. Dunn. Veteran' Stock Yards Man, Dies- Jsmri K. Dunn. 4ft. 23: F iirrct. employed in the traffic department of the union tlock yard for 2S ' yeir. died Thursday niiiht st S loeal hospital following sn illneM of ii .' month. lie i ftirvived by hit wile, ana 4-yertld daughter. Funeral frrvicet will be held to day at 9 fiom th horns to M i.ji . . i.....t. printicii cnurtn. , .. Stockmen May Eat With Their Finger Awhile' "Doc" Frve. nianacer c! the tock yardi cafe, reported to Souih Side police yesterday morning mat burglars broke into the cafe Thurs day ninht lv iiininyins the hark door and nude off with silverware and dishes valued at 3hi. South Side Brevities For relit, beautiful, large lirli-k home. 1484 fn, lath Nt. Telephone Market i4:. ror sale, nouaenaiu guoua, i ri, The XI ml In Worker ef lb World, No, 178, will meet for th annual rlatlion of ofllrera Tuesday. rplmer a at me I. O, O. F Twenty-fount! and N atresia. Omaha Hay Market. Prairie Hay Receipt light, feed d. mnd for heller grades; price higher. Alfalfa Itecelpt nominal, rair semanai price higher. 8irw Light receipt, limited demsnd. No. 1 upland prairie hay, 111 504)12.51 No 2 upland pralrl hay, 8IOrrlOo; No 8 upland pralrl hay 7oltiu0. No, 1 midland pralrl nay, ilioutflion; r.0. I midland prune bay, S4 5O01OOO; Nn, I midland pralrl bay. I7.suire.gs; r.o. I lowland prairie hay, 8S.i(i)48 ; No. I lowland prairie hay, I7.t0tts.80i choir alfalfa hay. In Outfit 00; No. I alfalfa hay, IH. 00(117 00; alantard airaira nay. 11 00418.00: No. I alfalfa hay, ll.0o 11.00; No. 2 alfalfa hay. 17.001.00; oat ll.t0O2.00i wheat atraw, 17.00 tl atraw. 8.00. Turpentine and Boaln. Rivannah, tl., Sent. 1. Turpentine Market firm. He: Bale. 181 barrels; re celpta, 46H barrels: hlpmaata. 111 barrels; slock. 8,181 barrels. Roaln Market firm; !. 271 casks; receipt, 1.462 raalta; ahlpmenta, 1,171 casks; stork, 74.188 ranks Quote: B, tl.70; D, 6J.75 E, 18.80; F, 11.86; O, 14 00; H, II.OIl I. 14.16: K, 4 26; M, 14.20;- N. 14 60; WO, 15.16; WW. 11.88. liar Bllrer. New Tork, Sept. I. Bar Bllver Do mestic, 8814c; foraigo, 62c; Mexican dol lars. 484. jrlllj Swift & Company ITaios) 8 took yard. Chlcaca Dividend No 143 Dividend of TWO DOLLARS (2.001 par share on the capital stock of Swift Company, will ba paid on October L 1921, to stock bolder of reoord. September 10. ml. aa shown oa tba "rhACoar, stn. 1 .to 712 First Mortgage Bonds Tax Free in Nebraska ' 100. 500. 1,000 Denominations Ask for particulars regarding tbi sound lnvtmnt. Oasts ftssjs) at sssame Phone DO uglas 2793 OMAHA PRINTING COMPANY l II mum aatua SCO. 1 MMal ingaagispr3jiri. COMMERCIAL PRIIlTIRS-LlTHOIUrHERS - STElLOlEtMUOJttW . LOOSC ttAr DEVICES ; Let Us Handle Your Grain Shipments to the Omaha, Chicago, Milwaukee, Kan sas City, Sioux City or any other markets. We Specialize In the careful handlinf of all orders for grata .- aatl prorisions for future delivery. " We Operate -' Office at Omaha, Neb.; Lincoln, Nebt Hast ins, Neb.j Cbicstfo, Ill.j Sioua City, Ia. ' Holdrege, Neb.; Ceneva, Neb.; Oea Moiue, Ia. Milwaukee, Wig.; Hamburg, Ia.1 Kanaaa City. We Have An up-to-date Terminal Elevator in. th Omaba Market with tbe latest faeilitiea for handling your abipment. Updike Grain Co. "The Reliable Consignment Hee," OMAHA, NEBRASKA ' ' ' . ' ta T ,