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About Omaha daily bee. (Omaha [Neb.]) 187?-1922 | View Entire Issue (Oct. 16, 1921)
THE BEE: OMAHA. SUNDAY. OCTOBER 16. 1921. 0 C Issuance by U. S. Of Working McnV Bonds Suggested Advices From New York to Secretary Mellon Recoin . rnend $3,000,000,000 Issue at 5 12 Per Cent . By HOLLAND. Secretary of the Treasury Mellon undoubtedly will receive within dy or two a communication which wai ent Irom ew Yoric ana eon Uined a recommendation, which from one point of view is in line with the opinion wnicn wa rtumi; givm vj l'ostinaster General llaya that it would be to the advantage of the government and to the people if the rate of interest carried by postal savings notes were increased from 2 per cent to 3 per cent. J lie communication which was sent to Secretary Mellon was not prepared until after careful study liau been civen to a tentative oron osition. For it was hoped that some plan rould be worked out whereby the government could secure, chiefly from the working men and women of the United States, a large sum of money which might be utilized in partial liquidation ot some or. the Liberty bonds. Recommend SS.OOO.OOO.OOO lone. Thl communication rcommnnil an It. tut authorlaed by confreu of t3.OO0.O00,00a In o-ralld working intn't bond whlcn were to carry InUreat tt the rttt ot iv, per cent. Tht tugce.tlon tre made thkt the bond, lit redeemable at par by tlia (ovarnm.nl at lit option two yrtra a nor thv wereteaued. Than It la (unrated 1 that In tht flrtt year or tht llfo of the bonne may art to Da nein eaeiuaiveiy ny tha purrhaaer of them. They m nut to b uaed at collateral l.curlty lor loana. Thev ira not to ba Bold. Undoubtedly thern wae refollxctlon of tha experience of John Kherman whan ha ftum I wit r, t (k. Imu.ii.1I W 1. l.lannaifl and In fact laauad bond, tha agirrt'Seate ot which waa large, expecting that tha puhllo would ba neraunded to buy thnra directly from tht Treaaury deparimant. If that were dona It would aava considerable ex pense and make needleaa tha payment of cnmtmaaione to underwriting ayntncaiea. Furihermora tha bonda thua boutht and h&ld would remain permanently In tho handa of tha publlo and In that way those Who .peculated in money or oinera wno are anmetlmea called money (hark would not ba able to talt edvantagt of tht marketing of theat bonda. , . " ' Protective Step. Mr., Sherman discovered within two or three dnye nfler the aala of bonda had begun directly to the publlo that tht pub. lie wart not setting tht bonda, but that Various banking and other inatltutlon had representative. In the waiting line, thua crowding out the public anl In that way securing tha bonda. Therefore Set rotary Sherman abandoned the plan. eBnrlng In mind that experience of John Sherman when aecretary of the treaaury, It was provided In tha proposed plan that tht original purchaser of a ao-callid work rnen' bond be compelled to hold his bond for at least a year. It waa to be non transferable and non-negotiable. Tha bonda could bt purchased If tha plan ba adopted at any ot tht postal aavlnga agenclck. In that Way all ot tht money received for tht salt of these bondn would go directly Into the hand -of the govern ment and could not be utilized for money speculative purposes. ' Would be Absorbed. Secretary Mellon waa Informed that It waa the ballet of those who prepared this plan that an Issue of $3,000,000,000 would In a short time be absorbed by the working men and women of the United States. This, however, would Involvo tho withdrawal' of large amount of deposits now carried by the savings banks. It might persuade the many thousands who are suspected or noaraing money 10 unna forth from hiding . places these secreted funds and lhveat them in bonds. An es timate haa been made that-not far from $1,000,000,000 is now hoarded in the United States. If thlt hoard could be tempted out of its hiding place it would tend stimulate production. In .July, report was made officially that .the aavlngt, banks deposits In Now Tork had lnoreaae'd by over 200,000,000 as com pared with the deposits for the like period from the first ot January to the first of July of last year. Much the greater part of these deposits were made by wage earner ana the fact tnai mere was in crease tended to disprove the assertion ; that Industry In New York waa Stagnant. ' Beginning to Withdraw.' Since the first ot September It hai been observed that -a, decrease in deposlta haa been underway. Thia may be duo to the tact that Jdle labor no longer hai funds to depoalt or to a new disposition observed to prevail among working men represented by invettment of funds in little plots of ground upon which Btands a home or - whereon a home can be built. Some amazement has been expressei that so large a market, flourishing and of irreaf Dremise for the future has been found for bonds, of which some r.unarea millions have been sold to syndicates and have been passed along to the public. It Is impossible to trace the transfer ut bonds, from those who Usued them to the pub lift so far as the intermediary agencies are concerned, but it seems to.be the ' belief that much the greater part of tha ' funda thus Invested came from savings banka and from insurance companies. In other worde the deposits f wage earners have made the marketing of the greater part of these bonda possible. At tht high rate of Interest and the excellent terma which the bonds represent the sav ings banks are strongly tempted to invest their funds in these securities. Original Purpose Lost. But the result has been that the original purpose which led to the establishment of savings institutions haa been lost sight of. Manv havt found It difficult, even Im possible to eecure small loans from the saving banks, although they sousnt these loana for Investment in amall holdings of real estate. Some of the savings banks are beginning to call in their smll loana and when - the managera-are asked why this Is done they are frank enough to say that much greater profit awaits the sav ings banks through the handling ot large funda inveated In bonds that carry on the average T per cent Interest than In parcel- . log out amall loans to those who want to aecure a home. It sema to be the belief that congress may be disposed here after to latue aecurltlea whloh will tempt the wage earnera and also to incraase the rate of Interest upon the poatal aavlnga notes. ; . . No York Nugar. ' New Yorlr. Oct. ' 15. Sugar future closed dull. Approximate Bales, 400 tons; December. .32c; January, .26o; March, 2.25c; May, 2.31c. , , Tho raw sugar market was quiet tt day. with no sales reported. Duty free augar wet quoted at 4.00o for centrifugal with Cuba at 4.11c. In raw tugar futures trading waa very quiet. Prices opened 1 to 2 points lower. Under ltcal telling,, March declined to 2.23c, a new low record, but rallied on covering. Cloning net um ntn,u. . , ber, 2.32c; March, 2.35o; May, ; 2.31o; July, 2.440. ' - The refined market was unchanged at S.30o for tine granulated, with business still llrht. Refined futurea were nominal and with out transactions. Closing prices were 6.36c for December and S.SOo for March and later months. New Tork. Oct IS. The market for coffee futurea was quiet today, with flue-tuations- correspondingly narrow. The opening waa 2 to S points higher on a little covering through commission house uniKQii, uu, pmra imer e&aea on re ports that some Santos shippers had ac- cepted bids at alight concessions. December sold off from 7.70c to 7.65c and the market closed net 3 points lower to 1 point higher. Sales were estimated ' at about 10.000 bags, Cloaing blda: De cember, T.$4c; March, 7.74c: May, T.Slc; July. 7.6c; September. 7.83c. Spot Coffee Quiet; Rio 7a. 8 Ho; Santos 4s, UUie. -" New Tork General. New To, Oct. 15. Wheat Spot, mar- ... V ra.i It xIa hard, II 55: No. 1 Manitoba. 31.25V and No. 2 mixed duru 11.14V, c L f. track New Tork, to arrive. Corn Spot, market firm; No. 1 yellow and No. S white, 4c. and Ne. 1 mixed, (3ViC a. I f New Tork, lake and rail. Oats pot, market steady; No. S white. 45Ae. lj.nl Market firm; middle-west. IS.S0 . .. Other articles unchanged. New York gogar. New TOrk. Oct 13. The raw sugar market was quiet and no aalea were re ported. Prices were unchanged to 4.00c for centrifugal for daty free sugars and 4.11c for Cuba. Raw sugar fitter final price were not unchanged. December closed at 2.13c; - Unrk libit Wv lie; Jul. 1.40. Market and Financial News of the Day Live Stock Receipt! weret Cattle Rtgt bp Official Monday ...l.4tl 4.S4S 21 ttl (trivial Tue.y ... S.IM Soil III!" Official W.dn4y. HI 4.1)0 11.107 r,rriii Thi,r.i .. ana . lot t ill Ufflrul Friday l.Stt S.ol 1.4I K.tlmatt Maturday . ! Ml days this k....l.l0 J.47 14.044 Kama are last k.,. tri It.llT S4 SIS Kim. ays S rk. ego.SI.StT ."! Ill 4 Dams S wka. aio...4l,Ut litis SI.4H asnit year age 4:.l 11,114 20,111 Rorelpta and diapoaltloa ef live stock st tht Union stock yards, Omaha, N.h, f'if.14 hours, tndlng at I p. m. October is, urn RKCEIPTi CARS. Cat I It itogi (heap Missouri raeins ny., I ... I'Blon Psclfln R. R... t S C N. W. By., we.t 1 IS i., m. rH at. m u. ny. a (', II. s Q. Ry., taat. ... t ... c,, . J. My wsst ... s C.. H. I. r . taat 1 Total receipts S II D1HP081TION HEAD. Cattlt Hogs Shttp Armour a) Co IJ4 Cudahy Parking Co. , C-'l Dold Peeking Co 407 Morels Packing Co. l: Rwlft Co SIS J. W. Murphy SIS Swarts Co 120 Cattle Only 10 cattle were received today, net enough to make a market and prices wart nominally atrady all around. Tha wttk't recelpti of 11,004 art, with ent txceotlon tht larseat of tht aeason. Condition ef tht marktt hat bttn very uneven, long fed native steers ars higher thin a week age while abort fed kinds have declined 264) 0o. Demand tor wear ern beevea and feederi of desirable quail ty haa bean quite broad and they art ateaay to mo nigntr tor mi wh. mg., tht plainer klnda art no more than ateadf. It hat been an up and down market on tht ttuff. but prices now art will In lint with thoat or last weak. Quotations on rattls: Choice to prime beeves. ID 00410.00; good to choice beeves, tt.OO0S.OO; fair to good beeves, 17. SO? 1.00! common to fair beeves, tt. 5047. RO: choice to prime yearlings. 110.00011.25; good to choice yearling., 29.00010.00: fair to good yearling., Ss.OO0toOf com mon to fair yearllnga, t' 00.00; choice to prime grass beeves, t 1647. SO; good to cholct grasa beevea, tS.OO04.R6; fair to good grade beeves, 15.0004.00; com mon to fair graea beevea. t4.2506.OO; Mexicans. 13.7504.50; good to choice graaa heifera, 55. 3505. 75: fnlr to good grass heifers, t4. 2606.26; choict to prlmt graas cows, 15 0005.60; good to cholct graaa mwa, t4. 6006.00; fair to good grasa cowa, 1320474. 50; common to fair graaa cows, tt.7502,55; prima fetdtra, SI.5O0 7.00; good to cholct feedera, t5.S0B.I0; fair to good feeders, 16 2605. 16; common to fair feedera. 14.6006.25; fancy yearling Btockerej, 17. 0007.60; good to Choice stock, era, I4.160t.7t; fair to good atockers, 26.266.00; common to fair -atockera, I4.2t05.tt). stock heifers. 14.0005.26; stock cows. S3.00O4.00; stock calves, 14.00 07.25;, veal calves, 14.00910.00; bulla, stags, etc., 12.6003.26. ? BKKF STEERS. No. . ' Av. Pr. No. Av. Pr. 24 1364 7 00 11 1132 8 00 11 810 S 00 WfcSTERN CATTLE NEBRASKA. 32fdrs..lQns S 76 S civs.. 161 t 71 19 cow.. mil 4 00 16cows.l0t4 4 81 8 fowl. 9 0 8 SO SOUTH DAKOTA. ll.tkrs. 540 t 10 4 cows. SIS S 50 3 hrrs.. 740 . 4 60 Hoga Only 2.000 hoaa were received for today's trade and tire clearante of the tupply was made early at prices mostly 10 01 to higher, with spots a quar ter higher. The advance waa more dear ly ahown In packing hoca than In the light shipping grades. Kxtra heavy hoga moved around $6.25 and bulk of the re ceipts sold from S6.50 to 17.60, with light hoga on up to the day's top, 83.85. Trade during the past weak haa been featured by Borne little Improvement In prlcet and considerable Improvement In the quality of recelpta. Valuet art a dlmt to a quar ter hlaher for the week, although avarare cost Indicates an advance of too or more. ROOS. TT. No. Av. Financial No. Av. 21. .438 7 40 40 T0 6 25 40 6 56 70 80 t SO : 7 10 T 25 7 45 7 85- 8 Ot ' 26 t 75 '6 85 6 45 70 1 It 7 50 8 00 8 25 8 b. 25. .346 53. .361 360 80.. 357 180 48. .318 40 58.. 280 150 56. .304 68 ..807 63. .271 110 38. .240 76. .224 35. .19 S6..18I ... 27..8t 850 62. .848 88. .298 64. .278 280 70. ,848. 70 29. .159 67. .195 ... 70. .807 ,.. 40 220 80 Pr. 8 35 6 60 t 40 75 ' 8 85 7 00 7 15 7 35 7 60 8 00 8 20 8 85 t 26 S 40 t 86 7 00 7 35 T 76 . S 10 S 25 Sh. 70 85. .89 140 62. .354 70 31. .340 110 64.. 343 120 35. .338 140 62. .312 240 28. .259 74. .266 200 74.. 237 77.. 223 81. .149 24. .450 49. .337 62. .355 67. .318 62. .239 180 76. .188 ... 64. .197 ... 61., 201 ... Sheep Only a few half fat lambs were Included In today's live stock receipts and values were nominally ataady. The week is closing with fat lambs showing a half dollar advance, fat sheep art 260 60o higher and feeding lambs are mostly 60o higher. Good fat lambs, weatern and corn eds, are worth up to 83.75 and strictly good natives have been, selling up to 28.60. Good to choice fat ewes have advanced to 24.5004.75, aged wethers to 85.0005.60 and good handy yearlings to 86.0006.50, Desirable feeding lambs have been moving freely around 87.2507,60. Quotations on sheep: Fat lambs good to choice, $8.6008.75; fat lambs, fair to good, $8.0008.50; feeder lambs, good to choice, $7.2507.75; cul ambe, $5.8006.50; fat yearlngs, $5.5006.50; fat ewes. $400 0475; feeder ewea, $275037: bredingSH 04.75; feder ewes, $2.7503.75: breeding ewes, $2.6006.86', cull ewea. $1.00 0 2.75. . Chicago Live Stock. Chicago. Oct. 15. U. B. Bureau of Markets.) Cattle Receipts, 1,000 head, compared with week ago; Corn-fed steer and yearlings, mostly 260 to too higher', spots on yearlings up more; gratters,' warmed up steers, and she-stock, steady to 25o higher; bulla, weak to 15o lower; light veal calves, unchanged: heavy calves, unevenly higher; etockers and feeders, strong to 15e higher. - Hoga Recelpta, 4,000 head: uneven i light lights, steady to lOo higher; others steady to 10c lower than yesterdays aver age; top, 18.60; beat tight and light butchers, $8.8008.60; bulk peeking tows, $6.5007.25; holdover liberal; piga, strong; bulk desirable. 100 to 130 pounds piga $8.2608.25. ' r i Sheep Recelpti, 4,000 head; receipt! today practically all packer direct; com pared week ago; Killing classes, steady lo 25o higher; feeders, 25e higher. Kansas City lJve Stock. Kansas City, Mo., Oct It. Cattle Re. celpta. fOO head; for week, beef steers generally 15 to SOo higher; home short fed steers up more. Top, 1 10.15; tat she stock, canners and cutters ateady to 250 lower; bulls etesdy to weak, vealers steady: heavy calves strong 'to 60o higher; stockers and feeders mostly 26e to 60c higher; stock cows and heifers, steady; stock calves mostly 26o higher. Hogs Receipts, 200 head; generally steady with Friday's averagea; prime. 211 to 800-pound weights, $8.0008.15; medium to good light mixed. .87.65; packing sows, $6.5007.00; stock pigs, steady. Sheep Receipts, -600 head; for week: sheep steady to 2to higher; top lambs steady to 10c higher; top western, $8.00; feeding lambs, tt to too higher. Sioux City Live Stock. Sioux City, Oct 15. Csttle Receipts, S00 head; market steady; fed steers and yearlings, $6.iO01O.lO; grass steers. $4.00 06 25; fat cows and heifers, $4.0006.75; canners. $1.5002.60; . veale, $4.0009.00; feeders, 34.00 0 4.00; calve. $3.6007.00 feeding' cows and belters, $8. 7504.75; grass cows and heifers. $2.7505.00. Hogs Receipts. 2.100 head; market steady. 25o higher: Hgnt mixed. $6.7607.50: heavy. It.OOSjJ.Ot; bulk of sales. IS.SO07.1O. SheepReceipts, 2.000 head; market steady. ' St. Joseph 14 ve Stock. St. Joseph. Mo., Oct IS. Cattle Re celots 1.000 head: nominal; ateera, $5.00 010 00; cows and heifers, .$3.00010.00; calrea. 85.004J8.00. Hogs Receipts, 2.500 head; stesdy to 25c higher: top. 88.10; bulk. $7.1608.1. gheep Receipts, none: nominal; lambs, $8.0008.76: ewes. $4.0004.50. Chicago Potatoea. Chicago. Oct 15. Potatoes Steady; re celpta, 87 cars; Wisconsin and Minnesota white, sacked. S2.OO0t.8S cwt; North Dakota white, hulk, $2.00 cwt: Minne sota and North Dakota Red River Ohio. $ 1.60 1.80 cwt New York Dried Fruits. New Tork, Oct. 15. Apples Evapor ated, market nominal. Prune Steady. Apricots and Peaches Quiet Raisins Firm. ladoa Moae?. iondon, Oct IS. Bar Silver 42 Hd per ounce. Monty 8 tt per tent Discount Rates Short Bills 2 It per eenti tknaa months' bill. 4 par eeak EbeNctofiorkEirotJJ. Br FRANKLIN K. SPRACUE. Chicago Trlbane-Omaiia B Leased Wins New York. Oct. IS. I'ricticilly It of Wall street's attention wis again directed to the foreign ex change market. A further nie 01 more than 2 cents brought sterling to the highest figure reached since the end of May, less, than two weeks after the rat had crossed tnc 4 mirk:. ' The persistence and violence of last week advance indicates some special cause, which may. however, be nothing more than the excited repurchases by speculators for the decline, who had long overstayed their market. That such a specu lative account has existed, and on a very large scale, there has never been any question. Decline General. Change In Block market price were unimportant. Fiactlonal dtullnet pre dominated, but then were more net d vancaa than oa nravltu day ot the Pres ent week and the movement a a whole annealed merely Uncertainty. ' Railway share were lower, but In must can the day' decline waa unimportant. Compar ison of tht wtek't closing prlcet for itncka with thost of a week aso show a pretty long Hat of net deellnet running up to 2 or S point. Similar comparlaon of bond market price I a more cheerful proceaa; thert are many ubtantlal ad vance. - The weekly statement of the associated bank gave ont reason for Thursday's lower ratio at the New York federal bank. They report an Increase of S21.t00.000 In their' reaerve credlta at that Institution. This follows an Increase of 134.100.000 In the preceding week and Indicates prep, aratlons for the active autumn demand for trade. New York Quotations Raagt of prlcet of tht leading stocks furnished by Logan Uryan, Petera Trust Bldg.; RAILS. High a .... 86tt llltt .... 12 Frt. T.nw Close Close 86 V 86 86 "4 88 884 ' 26i lltt 11014 111 M4 18 714 is"" us 1814 -18 72 68M St e 22 77 ltt 23H S14 13 68 si" 24H 18 13Vi 70S 6tVi S6tt 684a 81 H 76 It 22 71V 63 12 68 St" ' 24H 11 w Rt 26 t8 82 76 M . 82 7214 n 12 J144 7 24 It 18 75 87 26 82 77 1 23 86 62 ' 68' 4 3t 2S 47 78" 30 36 11 24 34 21 22 11 86 53 69 24 39 24 47 78" 30 3 36 11 24 24 21 22 11 ti 25 26 31 26 108 108 A. T. A S. F. Halt A Ohio Can. Paclflo N. T. Central Ches. ft Ohio Erie R. R Ot. North., pfd. .. Chi. Of. Wait .. III. Central K. C. Southern ., Mo. Paclflo ...'.. N. T.. N. H. AH North. Pac. Ry. .. Chi. & N. W Penn. Ft R. ..v.. Reading Co C, R. I. & P. .... Sou. Paclflo Co. ., Sou. Railway .... Chi.. Mil. aV St P. Union Paclflo ....118 118 Ut 118 Wabash 7 7 7 7 Ai. Car Fdry.,137 127 127 AlUa-ChaL Mfg... 34 33 33 im. Loco. Co 8t 88 88 Paid. Loco. Work 86 Path. Steel Corp., 83 Colo. F. Iron Co Crucible Stl. Co... 59 Am. Stl. Found... 24 Lackawa'a Stl. Co. S8 Mid. Stl. A Ord... 24 rteD. I. & Stl. Co.. 47 Slosa-Shef. SI. & I. U. S. 8teel 78 Vanadium Steel... 30 COPPERS. Anaconda Cop Mln 39 38 Am. S. & Rfg. Co, 89 Chile Copper Co... 11 Chino Copper Co.. 26 Insp. Cons. Cop... 24 Kennecott Copper.. 21 Miami Copper CO.. 22 Nov. Cons. Cop. Co 11 Ray cons. (or. uo. Utah Copper Co... 52 51 r INDUSTRIALS. Am. Beet S'r Co.. 25 24 A., O. 4k W. I. S. S. 17, 28 Am. Int Corp.... 31 31 Am. Sum. Tob. Co. 86 26 Am. Cot Oil Co. Am. T. St. T 108 Am. A. C. Pro. , Bosch Mag Am. Can Co. Chand. Mot. Car Cen. Lea. Co. .. Cuba Can Sug. al. Pack. corp. Corn P. R. Co. Nat B. tr 8. ... Famous Players Flsk Rub. Co. -. . Oen. Elec. Co. Great North. Ore Oen. Mot. Co. . . Goodrich Co. . . Inter. HRrv. .. Am. H. A L pfd. 61 U. S. Ind. At Co. 44 Inter. Nickel 13 Internat. Paper Co Island Oil ........ 3 AJax Rub. Co. ... 20 Kelly-Spring. Tire 41 Key. T. & Rub. .. 10 Mexican Pet'leum 85 Middle States Oil. 18 Pure Oil Co 28 Willys-Overland .. 8 Paclflo Oil ...f. 40 Pan-Am Pet, Tran 48 Pierce-Arrow Mot. 18 Royal Dutch Co.. 43 U 8 Rubber Co... 46 Am Sug Rfg Co., 63 Sinclair Oil, Rfg.. 21 Sears-Roebuck Co 68 Stromsberg Carb , 28 Etudebaker Corp.. 72 , Tob Pdcts Co 63 Trana-Con'tal Oil.- t Texas Co O S Food Pr Corp )3 Union Carbide Whit Motor Co... 36 Wilson Co.. Inc.... 33 western union .. ..... ez Weat'gh'se El, Mfg 44 44 44 44 Am Woolen Co.... 74. 74 74 74Vi Total shares sold, 277,600. Money Friday's close, 8 per cent ' Marks Close, .0066 ; Friday close, .0078. . Sterling Close, $3.89; Friday's close, 13.86. . . , v -f New York Curb Stock. The following quotations are furnished by Logan at Bryan Chicago Grain it 27 31 86 18 107 33 84 86 40 27 6 65 77 40 . 68 67 58 58 . 10 ' 10 10 10 .124 124 124 124 24 40 27 6 45 78 T 3 40" 27 65 77 34 40 27 6 65 77 8 75 28 76 51 48 13 20 40 10 83 13 38 . t 89 41 11 43 46 52 21 68 28 70 63 S ' 28 . 76 61 43 13 '3 20 . 40 10 83 , 13 83 . 6 39 42 12 -43 41 53 , 21 68 : 29 71 63 , a , 12 13 35-33 85 83 9 80 76 61 i8 47 3 19 40 10 9314 13i 28 h 6 39 'i 41 n 48 44 52 21 68 '71 63 8"i 39 12 24 S 83 82 Allied Oil Boston Montana Boston Wyoming ..... Crecaon Oold Cosden Oil Consolidated Copper . Elk Basin Federal Oil , Olenrock Oil Merrit Oil Midwest Refining Co. Silver King of Arizona Sapulpa Oil 1 Slmma ePtroleura .... Tonopah Divide ...... U,'; S. Steamship .... U. S. Retail Candy -.. White Oil ..84 .. 1 11-18 .. 80 J 81 ..18-16 1 .. 6 6 ..-lf 1 .. 6 ..1S-16 1 .. 1 1 .4 10 10 ..140 150 ..10 20 .. 3 : 8 .. 7 7 ..75 76 ..30 82 t 6 . .. 15 t ' Foreign Exchange Bates. .. Following are today's ' rate of ex change as compared with the par valua tion. Furnlahed by tha Peters National bank: Par Valuation. Today. Austria .38 Belgium .195 Canada 1.00 Ciecho-Slovakla Denmark England .. . France .. Germany . . Greece . . . . Italy Jugo-Slavla Norway ... Poland .... Sweden Switaerland .. .27 ..4.88 .. .198 .238 .. -.185 .. .195 i: .27' " .2T .. .195 .0007 .0725 .92 .0110 .1905 3 89 .0782 .0071 ' .0430 .0400 .0041 .1230 .00021 .2325 .1905 New York Quotations. New Tork. Oct. 15. Foreign exchange. Irregular: Great Britain, demand, $3.89; cables. $8.89. France Demand, 7.82c; cables, 7.32c. Italy Demand. 4.04c: cables, 4.04o. Belgian Demand, 7.20c; cables, 7.20 c , Germany Demand. 656c; cables, 86. Holland Demand, 83.62c r cables, 88.740. Norway Demand, 18.26c Sweden Demand. 33.20c. - Denmark Demand, 13.10c. Switzerland Demand, lt.lee. Spain Demand, 18.35c Greece Demand, 4.28c Argentina Demand. 31.50. Brasll Demand, 12.75c Montreal 81 c Chicago Produce. Chicago, Oct It. Butter Lower; creamery, extras, 44c; firsts. 166 He; secords, 30&tlc; standards. 39c. Eggs Unchanged; receipts, 8,387 cases. Poultry Alive, unchanged. ' Kansas City Produce. Kansas City. Oct 15. Batter and poul try, unchanged. Eggs le higher;- firstly 1; seconds, ItCj. B7 CHARLES D. MICHAELS. ( hlrais Trlbaae-Osuiha I H Ire. Chicago, Oct. IS. Grain traders were unduly excited over figures given out by the Indiana state agent of the Department of Agriculture be fore Washington issued them. They were construed bearish at one time and bullish at another. It was the only news of consequence in the market and created a great deal of comment. Trices had a good decline and a rally with the dote on wheat practically the same as Friday, while corn was ,c higher to lie lower, oats up He to Vie and rye lie lower. The government report is expected Monday, but should have no decided influence as conservative members see it. The wheat market was a mixed af fair and showed the. effects of recent absorption of the surplus on the breaks of the last few days. There was moderate hedging pressure and selling by commission houses who were- active on the buying tide -of the two previous days, lhrre was selling and a break of Zc early on IbearUh construction of the govern ment report, which was said to show almost 419,000,000 bushels on the farms October 1. December Close Higher. Later there wts a covsrlng movement led by local traders and ehorta ard D rembrr moved up and closed lo above the lowest of the day. May at the too was 11.11 or 2o above the low, with the close ltrlc under the high point Corn and oats received liberal stten. tlon. There was selling of over 260,000 rushela of corn against cash puruhaar In the sample market here and scattered buying of both grains. Price action were Influenced largely by that of whtat. Corn at the top waa up So over tho previous day close and oats, c with the finish of corn only 4o above the Inside and oat closed at almost the outside. Stock of corn are expected t Increaa for the week and oat -decrease as shipment exceeded receipt Py 480,001 bushels. . Trading In rye consisted largely ol rhanglng between wheat and rye and from December to May. There waa an evening up between the old and new December, the former being o premium. Preesur wus limited early, but the oovering by short waa a feature at the last . Pit Notes. The grain trade waa greatly excited over the Issuance of the report on farm reserves and it took several hour before It fully ealixed where the figure cam from. The government' etattitlclan at Washing ton neither confirmed nor aeniea tne In diana flgurea. aaylng that the report would not be released until Monday. Last year farm reserves, a given by the gov ernment bureau of market, were 477,000 bushels. On the basis of 741,000,000 bushels of this year's crop and a carry over of 64,000,000 bushels from the pre vious orop, the report Indicates that 47.8 per cent of the total aupplle have loft the farm during the first three month of the present crop year, compared with 36.6 per cent laat year and 49.7 per cent two yeara ago, when the reaerve were 614,800,000 bushels. Farm reserves this year, with .accumulations at the leading markets as given by Bradatreet'a en- Oc tober 1, aggregated 471,000,000 bushel a compared with 508,000,000 buahel last year. The grain trade 4s mixed. It would bo friendly to the buying Bide If all grains were northwestern and Canadian rhtat re ceipts to decreast and buying ot coarse grains Increase. Indications 'are for a decreased movement of all gralna In the central west, as shown by leading report on leading railroads. Grain loadings on leading weatern rail roads show m decided falling off In the laat few days and on a few line they are. under laat year. Last year the grain movement did not get fully under way until about this season, while thia year cars have been plentiful and railroads have handled- business with unusual rapid ity, so that the bulk of the small grain and a large percentage ot old corn have left the farms. Reports from central Il linois and northwestern Iowa say . that old com is practically all marketed. A grain man, after making a touc of northwestern Iowa, says they are paying 27o for old and 22 cents for new No. 4 yellow corn. Husking costs 4 cents, shelling 2 cents, making a ooat of 6o for the farmer's corn, whlls renters have to pay t cents for handling the landloard'i corn, making 12 oenta a bushel which, on tha basis of new corn, leaves the farm er 11c, so that corn Is cheaper than coal and the farmer works for practically nothing. Australia shipped 2,136,000 bushels of wheat the last week, Including 820,000 bushels to Indian porta, presumably repre senting part of the 1,600,000 bushels sold to that country a short time ago. CHICAGO CLOSING PRICES. Omaha Grain By Updike Oraln Co. DO. 2627. Oct 15. Art I Open; I High. I Low. I Close. Yesv. Wht I I I 1 I Deo. 1.15 1.18 1.14 1.15 1.15 1.16 1.16 1.15 May 1.20 1.2i 1.18 1.20 1.19 1.21 1.19 1.20 Ryt Deo. ; .92 . .98 .90 .92 .92 May .96 .97 .95 .96 .97 Corn II L Deo; .47 .48 .47 .47 .47 .48 47 .47 May .63 .83 .62 .63 .52 .68.... 52 Oat I I 1 " I ' I ' Dec .84 .34 .83 .84 .33 .84 : i May .88 .38 ,88 .38 .88 Cork II Jan. 15.00 16.00 15.00 15.00 15.00 Lard II I I Oct 8.00- S.05 f 8.00 S.0B : S.97 Jan. 8.80 . 8.82 8.75 8.82 8.72 Rib Oct 8.62 6.62 ' 8.62 6.62 8.65 Jan. 7.60 7,62 7.60 7.62 7.57 Oct IS. Cash wheat offerings today sol J generally at an advance of 1 to J cents, torn was 1--' to Ic up. Oats were unchanged to 1--C higher. Kyc advanced 2 .cnts and barley was not much changed. Grain receipts were again higher. Arrivals totaled 92 cars against 182 cars last Saturday. WIIKAT. No. bard, I ear, II.STi I r, ll.Ot (yellow ), No. S bard. 1 or. ti ll (dark); I ear. 11.11 (dark, amuliyl: I car. II. Ill I car. It. 10 (nippers' weithtatl S care. II tt; I nr. II. ul lamuity); I car. ll.Ot (yl lowii t cars, 11.04 (yellow); 1 car, tl.SI latnuttyl. Nu. t hard. 1 car, 11.18 (smutty) j 1 car. tl.tt (smutty)! I rare, 11.07; I rar, 11.01 (smutty); I car, II. u4 (yel low): S care, II vi (yellow); 1 ear, li.OI (amutly). No. 4 hard, t car. I ll (dark) I 1 car, li t: I rar. lit (yvllnw. Hampl hard. I ear, 11.03. No. I spring. I car, ll.il (northern); I ear, ll.lt (northern, emutty). No. 4 erring, 1 car, II It (dark, lorth rn, smutty). N.i. I mixed, 1 ear, tie (durum), No. S mixed, I rar, too (durum) J 1 rar, S7o (durum, imutly). CORN, No, t whit. I ear, Ste (shippers' weights). No. s whit. I ear. 86c; t can, lie No. 1 yellow, 1 car. lt. No, t mixed. I car, 36 (special billing). . No. S mixed, I car, 14 o (hlppvC weight). OATS. No. S white, T rare, ttet I car, lie (Shippers' weight); S-S cara, 21 c. No. 4 while, 2 cars, 27 c. nvt:. Nc 1. I S-S oars. T4c No. 4. S car. 78o. BARLET. No. 2, 1 car, ton; 1 rar, 44c, No. 8. 1 ear, 44o; 1 oar, 42c. No. 1 feed, I car. 40c. CHICACJO CAR LOT RECEIPTS. Week Tear . Today Ago Ago Wheat 21 21 23 Corn 457 ' 814 140 Oat US 114 SO KANSAS CITT CAR LOT RECKIPTS. i Week Tear Today Ago Ago Wheat 168 160 162 Corn 42 23 17 Oat 17 17 21 . ST. LOUIS CAR LOT RECEIPTS. - Week Tear Today Ago Ago Wheat 78 88 75 Corn 64 88 26 Oat 66 60 . 40 NORTHWESTERN CAR LOT RECEIPTS OF WHEAT. Week Today Ago Minneapolis ........448 639 Duluth i860 249 Winniped .1,810 1,162 PRIMARY RECEIPTS AND SHIPMENTS. Receipt , Today Wheat 1, ttl, 000 Corn 1,372,000 Oata 719.000 Shipments Wheat 1,372,000 Corn - 840,000 Oata 835,000 EXPORT CLEARANCES, Today Tear Ago Wheat , 1,153,000 640,000 Corn 60.000 OMAHA RECEIPTS AND SHIPMENTS., Week Tear KeceiDt Todav Wheat 63 Corn 16 Tear Ago 440 208 1.024 Year Ag6 1,438,000 836,000 836,000 674,000 263,000 144,000 Oats Rye Barley bitipmente Wheat Corn Oata Rye Barley 13 86 67 14 Ago 72 71 80 4 S 85 53 18 Ago 123 23 43 2j 8 144 17 11 t 1 Trustee Seeks To Relinquish $100,000 Estate Accusci Sou of Late Camp bell Fair, Executor, With "Villification Campaign' Against Him. Abraham L, Feed, president of the I'nited States Trust company, has J 100,000 he doetn't want. In a petition filed yesterday in county court he auks the judge's permission to give It away. The .money represent the' cttate of the late Campbell Fair, former dean of Trinity cathedral, who died in December, 1902. Shortly after the dean's death the estate was plnccd in Mr. Reed's hands, when he signed bonds for Mary S. Fair, the widow, and Campbell W. Fair, a son, as joint executors of the estate. Later it was turned over to the United States Trust company, of which Mr. Reed is' president. Would Relinquish Estate. Of late, however, he says Cnmp bell V. Fair has been engaged in a "campaign of villification and abuse" against the company and himself, and he believes the best interests of the estate demand that ' he relin quish it. . He also asks that both Mrs. Fair and her son be removed as ex ecutors, Mrs. Fair for the reason that her age interferes with her tak ing an active interest in the manage ment of the estate, and Campbell V. Fair because, Mr. Reed charge, he "has become incompetent and unfit to have custody, direction or control of any trust property." He cites a letter which Campbell Fair wrote to his mother last Feb ruary, threatening to tie up the estate "so nobody will get any divi dends" unless his wishes were com plied with. Makes Other Charges. . At other times, according to the petition, Campbell has tried to bor row money from the estate, and has urged that its funds be invested in si'niriiift nut proper for such fund. The petition a! refers o a peii tion which. Mr. Herd says lie filed earlier in the yc.tr, together with a report of the conduct of the ettate up to December .11, 10.' I, asking to be relieved of its management He charges that Campbell V. Fair has dragged the caie out, in order to haras him and the United Mates Trust company, since that time. He has changed attorneys three times during this period, the petition says. Says Funds Appropriated, In September, Campbell W. Fair filed suit in district court, in which he charged violation of trust on the part of Mr- Keed and the United States Trust company, and claimed f 15,000 of the estate had been ap propriated to the personal ute of the trustee, - Mr. Reed alleges this suit was not brought in good faith, but merely as a part of the campaign he says Campbell Fair has been waging against his good name. Mrs. Mary Fair, the widow, lives !n Baltimore. Another son, James Fair, lives in New Jersey. Relcused Convict Will Complete Old Sentence .' Lincoln, Oct. IS. (Special.) Henry Jackson, negro convict, was arrested as he stepped out of the pen itentiary today, and taken to Okla homa to finish serving a seven-year sentence for burglary. Jackson es caped from the Oklahoma peniten tiary several yeara ago and was ar rested in' Dawson county for burglary.- He finished serving a sentence for that crime today. The Oklahoma authorities said that Jackson would be taken in custody by Arkansas offi cers when he completed his Okla homa sentence. Friend Sunset Social Is Attended by 75 Persons Friend, Neb.. Oct. 15. (Special.) The annual Sunset social for the people of 65 years of age and over, was held at the First Methodist church, in this city. Seventy-five eligibles were present. Dinner was served at noon and a very interest ing program was given for the en tertainment of the elderly people after dinner. Minneapolis drain. Minneanolls. Oct. 15. Iftaur TTn. changed to 10o higher; In car load lota family patent quoted at 87.50 07.70 bbL In 88 lb. cotton sacks. - Bran 812.0013.00. Wheat Receipts. . 448 cars, comoared with 440 cars a year ago. Cash, No. 1 nortnern, ii.aa wi.a i ; uecemoer, tl-ZO; May. 81.26. corn no. s yellow, 38 Vic. Oata No. 3 white, 27ffi28Hc. Barley 82 62c. Bye No. 2. 88?484e. Flax No. 1. 31.771.82. St. Louis Grain. St. LOUla. Oct. 15. WflHMnimhai 21.15 bid; May, 21.19 bid. corn December, 45c asked; May, 51Ho bid. ! Oat December. 2244 o bid: Mav. 27 Uo bid. Kansas City Grain. Kansa City. Oct. IS. Wheat Decern. ber, tl.07; May, S1.12H. torn uecomoer, 3i4c; May, 45i4e. Omaha Produce Furnished by State of Nebraska. 6m partment of agriculture, bureau of mar kets and marketing: LIVE POULTRY. Wholesale Wholesale Buying Pr. Sailing Pr Springs .20.15(3)20.17 loiswin ?o Hens, light .... U5 .16 .18 .20 Hens, heavy ... .180 .23 .20 .26 Cock .10 .11 .12 .13 Ducks 15 .20 ' .16 .22 Geese 20 .25 DRESSED POULTRY. . springs Hens, light Hens, heavy ... New lork Cotton. . New York, Oct 15. Scant Bupport from trade Interests, combined with week-end short covering, ' served to make the trend ot the cotton market today an upward on after an opening that was Irregular and rather nervous In tone. The further upturn was moderate, however, and the two-hour session ended after a slight re action, with the list generally unchanged to 18 point net higher. Early In the second hour the list waa firm In tone and about hi of a cent a pound net higher. Business was fairly active, although the majority of the big ger operator did little either way. The market slipped steadily from the high as business progressed, some options moving back dangerously near last night's closing level, with pressure from local "longs" and scattered southern hedge Belling. Early buyers withdrew after a while, which wa reflected In the market's late action. Buslneaa continued rather dull but the tone waa ateady at the finish. " New York Dry Goods. New York, Oct 15. Cotton good were quiet, with prices fairly steady in the gray goods division. Lines of fine dress goods for soring offered during the day ahow slightly changed pricea. Kbit under wear was quiet, with large advance sales of athletic underwear. An official state ment ot the burlap shipments from Cal cutta to the United States in September showed a volume ot 86,800,000 yards, or 3.000,000 yards In excess of early report. Burlap market were easier. Turpentine and Boa In. . Savannah, Ga., Oct 15. Turpentine Firm; 8i4c; aalea, 100 bbl.; receipts, 330 bbls.; shipments, 24 bbls.; stock, 10.682 bbls. Rosin Firm; sales, 750 casks: receipts, 1,082 cssks; shipments, none; stock, 62, 885 cack. Quote: B, 84.0004.20; D, 24.10; E, 24.16 4.20; F. S4.20; O. 24.254.30; H, 34.35; I. S4.80$4.40: K. 24.5504.60; M, S5,60 8.05; N, 5.155.20; WO, 15.45; WW, 85.60. - Chioage Stock. The following quotation are furnlahed by Logan Bryan: Armour & Co., pfd. S2 Armour Leather Co.. com. 12H Libby. McNeil Llbby 8 Montgomery Ward Co. IS National Leather 644 Reo Motor Car Co. t Swift Co. ii Swift International 23 H Union Carbide A Carbon Co. 44 New York Produce. New York. Oct. 15. Buttei' Steady; creamery higher than extras, 4$41ic; creamery, extras, 47ttc; firsts, 88 S 46 Vic Eggs Firm, unchanged. Cheese Steady, unchanged. Live Poultry Easier; chickens, 20825c; fowls. 16 930c. Dressed Poultry Steady) prices, xn- Changed. .84 .25 .-' .27 .28 .28 .30 .18 .20 .28 .35 .22 .30 .25 .80 6.4020.42 , .35 ,40 .28 .30 ' .23 .26 .46 .45 S 33 .35 .36 25-. 46 .27 Cock Ducks Oeese ......... Turkey - vaoa. Select 30.3480.38 No. 1 32 .35 No. 2 .23 .23 Crack .200 -23 BUTTER. Creamery, prta ........... Creamery, tub Country, best ....30 .33 Country, com ... .234 Butter fat at stations .270 .37 Butter fat, dl- rect shippers. ,t&Q .40 Fruit and Vegetable. FRUITS. Banana, 8c per lb. Oranges, size 150 and larger, 26.00; size 200-216, 87.60; size, 250-288, 27.00; size- 324, 35.00. Ap ples, Jonathans, per box, 82.503.60; per basket, '82.75; New York greening, bas ket, 23.00; Rome Beauty, per bu., 82.30 2.40; Northern Spy, 23.503.75; Oanos, 22.402.60; Delicious, $4.006.00. Peara. Washington Bartlett, S3.504.00. Grapes, Tokay, crate, 32.802.50; Muscat per 'crate. $1.65 1.76 ; ginfandel, crate, 82.25 2.60. Cranberries, per bbl., 313.40 14.00; per box, 26.75. Lemons, 46.50 7.60. Grapefruit crate, S6.507.00. Dates, per box, 66.75. VEGETABLES. Potatoes, Nebraska Early Ohio, No. 1. per cwt, 82.1502.25; No. 2, per cwt, 21.6502.00; Red Rivers, per cwt, 2.36 2.60. Sweet potatoes, bu. hampers, white, 21.75; red, 22.0002.25. Celery, Colorado, jumbo, 'do., 21.25; California, dox., 81.30; Michigan, do., 66c Head lettuce, doz., 40c Onions. Red Globe, No. 1, per lb., 4 He; No. 2, 4c Spanish onions, per crate, 32.60. Cabbage, lb., 3c. Hubbard squash, lb., 20. Green beans, bu. hampers, 32.50. Honey, Colorado, 24 pkgs. to case, 86.25. Flga, California, 82.75. English walnuts, per lb., 330. Cucumbers, per do.. 21.75. HAT. Prairie Hay Receipt have been quite heavy the peat week and although the demand ha not been very itrong, pricea have been maintained. Alfalfa Receipts of alfalfa. have also been heavier and the demand haa been fairly good. Price unchanged, Straw Very limited demand. Price unchanged. Nominal quotations: Upland Prairie Hay No. 1. Ill 00J8 11.50; No. 2. 18.00010.60; No. 8. 17.500 8.60. Midland Prairie Hay No. J, tlO.OO 10.50; No. 2, 88.6008.50; No. I, 27.000 8.40. Lowland Prairie Hay No. I. 18.600 8.00: Now 2, 87.0008.00. . Alfalfa Choice. 217.00018.66: No. 1. 815.00016.00; standard, 812.00014.00; No. 2. 29.00012.00; No. 2. 88.OO0S.OO. Straw Oat 38.980 S. 00; wheat 17.00 8.00. ' . HIDES. Green salted, short haired. No. 1, per lb., 6c; short haired. No. 2, per lb.. 6c: long haired. No. 1. per lb.. 4c; long haired. No. 2, per lb., 2e; green. No. 1. per lb., 4c. Horse Hides Large, each, 88.60: me dium, each. 82.00; small, each, 3L60. Pony and fines, one-half price. Sheep pelts, 35066a. Sk"r lings, 10086 ; x 1 1 The Golden Age ij ' I of the Investor ij II There 1 no doubt in our mind that few year from now, 1 1 the Investor will look back on the present a having been the I I I golden age for investor to profit. 1 1 H Foresight tody will be better than hindsight tomorrow. Foresight means profit, hindsight regret 1 1 a I Buy now, good Hated stock for profit and high yield, Omaha Stock & Bond Company h 2S0 Ptr Trut Bldg. Phon Atlantic B027 . ' Write for detail regarding our 20 month partial payment plan. 6f - - J Municipals Free from Income Tax 6 School Bonds Cheyenne county, district 33; serial maturities, 1932 to 1936; price par and in terest yielding 6. 6 Intersection Paving Bonds Papillion, Sarpy county; serial maturities, 1926 to 1941 price par and intereat yielding . 6 School Bonds Fillmore county, district 40; aerial maturities, 1927 to 1951 .: Ak for detailed circular Peters Tkiisj Gowany Peters National Bank Tarnam atyeventeenth The Updike Grain Comp any Operating a large, up-to-date Terminal Elevator in tha Omaha Market, i in a position to handle Four shipments ia the best possible manner i. e., cleaning,, transferring, storing, etc. MEMBERS Chicago Board of Trade Milwaukee Chamber of Com merce Minneapolis Chamber of ' Commerce St. Louis Merchants Ex change Kansas City Board of Trade Sious City Board of Trade Omaha Grain Exchange OMAHA, NEB. LINCOLN, NEB. HASTINGS. NEB. CHICAGO, ILL. SIOUX CITY, IA. OFFICES AT HOLDREGE, NEB. GENEVA, NEB. DES MOINES, IA. MILWAUKEE, WIS. HAMBURG, IA. KANSAS CITY, MO. AH ol these elflcee, except Kansa City and Mil waukee, are connected with each ether by prlvats wire. - It will pay you to get in touch with one of our offices , when wanting to BUY or SELL any kind of grain. We Solicit Your , . CONSIGNMENTS OF ALL KINDS OF GRAIN to Omaha, Chicago, Milwaukee, Kansas . City and Sious City Every Car Receive Careful Personal Attention. The Updike Grain Company Tb Reliable Consignment Hi Stocker Yearlings From Wyoming Make New Season Record A. E, While of lyton, Wyo., was among (lie shippers to the Oms. ha stork yards, bringing in sever al rar loads ol. cattle. They wera well bred yearlings from the ranch of iloopes and White. Mr. While gained the distinction of making the record of a new high mark on stock er yearlings for the current western season, selling his shipment to feeder at Tarkio, Mo., for $7.50 a hundred. The consignment averaged little more than 700 pounds. Mr. White said he expected con ditions to improve lit the live stock business in trie next six months and that he thoimht business in every line would show marked improve ment. He said the herds of cattle on his place were considerably small er than they were three years ago. partly caused by the bad winter of two years ago that made cut ne ressary. He said the grasshopper! had destroyed a large part of the pasture fed Miis year. Home Economic Teacher Employed at Stromsburg Stromshurg, Neb., Oct. 15. (Spe cial.) Miss Dorothy Montgomery of Housitania, Mo., haa been em ployed to teach home economies in the high school. This place has been varant since the ooeninsr of school. due to the shortage of qualified teach era for the Smith-Hughes classes. Dry "Weather Damages Wheat in Gage County Beatrice, Neb., Oct. 15. (Spe cial. Farmers in this section of the state report that rain is badly need ed for winter wheat In some local ities the plant is dying for lack ol moisture and the last few days ol windy weather has not improved conditions. THIS CRITIC ALSO LIKED Salvation Nell "It will continue to be one of the most popular plays America haa produced. Nell'a atory is the relation of the re volt of hundreds of poor women, not only to save their husbands, but to make their own little world a happier place." N. T. Morning Telegraph That's Urge No. 2 To See It at tha RIALTO STARTS SUNDAY SAFETY and PROFITS I Stock Mariut Trading. Learn Hew to com bine than In your India tv th um f PUTS and CALLS with only 140 you control 100 iture et airy took. Write- rot. explanatory booklet No. M: Paul Kayne nyd"Vf An You Interested in Cosden Oil Houston Oil Simms Pete Texas Pac Coal & Oil Middle States Oil? Write for E-IS and Bead "Stock Market Opportunities" . Publlahed by fimmiTS CmtaUM jabot (xt. t 198 Broadway. NewltrK "They say it' worth readlntt" Grain Elevators Wanted We are in the market for grain elevators in southern Ne braska or southern Iowa corn territory. Prefer on Burlington. State particulars and best price. J. E. Weber & Co. Caah Grain , Stocks and Bead 924 Baltimore Avenue (,.,.,. ., : ' Kan City, Mo. , : His Intentions Were Good But at the age of 59 he was practically dependent He bad always earned a good salary but he bad never learned that systematic saving was the road to financial inde pendence. And now the future held little there wasn't much to live for. . Such a pitiable condition ia not ex cusable. Under our plan every man can be independent in old age. And it doesn't depend on the size of his pay check. Write today for ; "Getting Ahead." It potatstheway. KRIEBEL Cl CO. hwtmnt 5ecnn'rtes U7titbUMksUChfp . MM Cltr MaHb Mwaake fetMrl Chicri . ChrtUad Si. Leal CWun 11 - ati,- eV - 1 - eflL Tee Sensational New Oil Field of Limestone County. Texaa. I tow eoncadeil to be one of the (reatwt ell nelda of America, the latest well te noned hartna acme tn wit a flow of SA.00O banal or ell per day. Tb current 'Mat of th TEXAS OIL BULLETIN will oa a Meal Saeelal: will contain tlia fnllnt ltall mrarrtln thta cn . utlonil field: and will ba rerlet witk uuiwiiio nana ami leceai pnototraptta wnicn win be found: or mat latenat an Talna. A copy of the Mfjrla ftt. eiti im or the Ttxai oil BelMI will k eiened tn von Akealetiry Free, onoo nowat. Writ for St teav an am a m ror any irirnmacioii ye oenr Uanmn any mi naui nr en eempeny T r the SVmthweat . TEXAS OIL. BULMTIM tall 4SS, Wattner BIS. Fert Wert. Tan $62 STOCK PRIVILEGES 1 0 C PUTS AND CALLS d 3 in I J V U IAI19 Beat, eafeat way to trad. No wiarwtn. Call postible. a risk Is Knitted Profit unlimited. Aak for free ooklt. SUCCESS IN THE STOCK MARKET With amall ootiay honored of dollar are mad. UNLISTED SECURITIES KENNEDY A CO.. Est 1884 MBtT Ceeweltdatee) Stock Echan(J.T. 3 BROADWAY, NEW YOU