13
Country Gaines
Through Grants
Of Public Land
Railroad Whose Construction
Government Aided Bring
About Development of
Vast Regions.
By HOLLAND.
When congmi granted to the
purposed Illinois Central Railroad
company nuuuc mnus amuuniuiK in
all to millions of arre.il that being
the bill ot the land grants to rail
roads, some criticism was heard
based on the statement that congress
was giving away to a corporation
Und which belonged to the public.
The Illinois Central ' railroad was
built because that .land grant made
construction possible. It bisected
the state from north to south and
there followed an increase in agri.
culture and population which coiv
tinued so rapidly as soon to place
iinnois in me list ct me toremosi
states of the union. So also when
congress bestowed grants of land
which in the aggregate were turn
drcds of millions of acres to the
Texas & Pacific Railroad company,
to the Southern Pacific Railroad
company, to the Lnion Pacific and
to the Northern . Pacific again the
accusation that a too generous con
gress had bestowed enormous favors
upon railroad corporations which
were in private ownership.
Nevertheless the event Justified these
gifts. Kveryone of the railroad whoeu
cormtrtKllon was niade possible by these
land grunts brought about a wonderful
neveinpmrnt or vane regions wnicn mere
tofore had been uncultivated and the gov
ernment received back In tha form of tax
es and Increase in national wealth hun
dreds of millions mora than those lands
ware worth at the time the grants were
made. Sometimes It was said that the
government waa Riving away almost all
of the public land and there waa danger
that little would be left for homesteadera
and aettlera. Yet the report, which waa
mads a few days a (to by the Kerretary
of the Interior Albert D. r'tilli shows that
enormoua aa were tuft land grants In the
. aggregate which confess authorised to be
made to atimulata railroad construction,
they were nevertheless comparatively
trivial In comparison with the number of
acres which remain In government ownership.-
Kor Secretary Fall showa In hla ro
port that- today the government la in
possession- of somewhat in excess of 200,
000,000 acres of unoccupied and unreaerved
land and that there Is a -total ot a llttlu
under 450,000,000 acres If there be includ
ed In the figures the aerea which are re
aerved, tha national forests and withdrawn
territory. Home day ' much the greater
part of theae lands now owned by the
government will pass Into the possession
of those who secured them for. the pur
pose of- utilizing; them for the production
of food and other commodities.
Our Great Natural Kesources. '.-
This report made by the secretary of,
the interior might With advantage be
read In comparison with report made
nearly, GO yeara ago by David A. Welle.'
The Welles report waa published in one
of the darkest periods of the civil war.
Many were apprehensive lest the financial
and other burdens entailed by that war
would aerloualy Impair the strength of
the country and this apprehenalen waa
reflected In the low prices named In the
market quotations or in.' private negotia
tions, for government bonds. Mr. Welles'
report aet forth the enormlly of the nat
ural resources of the' United States, not
including of .course 'those of the southern
states. For, the first time many-. of. tho
people realized bow great the magnitude
of these then .- undeveloped natural . re
sources waa. ....
The effect was Immediate. European
countries, taking heed of Mr. Wellee' re
port and having their faith In the
strength of ,the United states testored,
purchased large blocks-1 of government
bonds, prices in excess of thnso which
had b .t before that time quoted
But ' Mr. Welles, farseeing as he was,
did not know or even suspect- what the
magnitude of our -nature! resources -was
The discovery has been made since hla
day but not until . the report ot the sec
retary of the interior, Mr. Fall, was made
haa there been a. eood understanding of
the enormity of the wealth of Ihe United'
Ftates which ,1s contained in- our.-natural
resources-and does not -'Include-- i.esourees
now under development 6f whlcfi the- con
trol Is In private hands Mr. "Welles, ;for
instance, had' no knowledge of the mag
nitude of the copper properties ' all of
which were hidden when" ho wrote. He
knew that the upper peninsula of Michi
gan was beginning to produce copper In
large amounts, but how could , be know
that In the far west and in that part oi
the union whlch-came to the United States
by purchase from Mexico, there, were hid
den stores of copper which were to make
the. United States the largest copper pro
ducing country In the 'world, 'Almost all
of these copper properties or the land
which covered them passed by purchase
from the ownership of the government to
private properties.
Oil Then and Now. '.'
Mr. Welles wrote about four yeara after
Colonel Drake dug the first oil producing
well in the United States at ' Titusvlllo,
Pa. He could not of course have then
known that In the far-reaching stretches
of public lands in Texas, that, part of
the Indian Territory which Is now the
state of Oklahoma, in Kansas and In
California the government was In posses
slon of land beneath which were oil de
posits in the aggregate of many millions
of barrels.
Among our other natural resources to
which Secretary Fall calls attention are
public lands beneath the surface of which
are at least '700. 000. 000 tiarreis of petro
leum and in the mountains o'f the far
west there are in the possession of the
government oil producing properties in
the form, of shale containing at least 60.
000,000.000 barrels. Some day these will
be developed; they ..are latent resources
now.
When Mr. Welles wrote that territorv
which we now call Alaska 'but which was
then known- as Russian-North America,
waa not In the possession 'of the United
States. Secretary Seward paid Russia for
the United States S7.200.000 for this ter
ritory. And so many were incredulous of
the value of this purchase that it was
often spoken of even in congress as "Sew
ard'a folly." Yet Secretary Fall now re
ports that there are in this territory 20.-
AAA AAA AAA ...... k, nfla I adltln HAVtnn.
ment and at leaat 25.000,000 barrels of oil,
Hydro-electric power was not known
when Mr Welles wrote because the dyna
mo had not then been highly developed.
It is now one of the great resources of
which the United States Is in the owner
ship. The estimate of Secretary Fall Is
that upon the public lands of the United
States there lie latent, but capable of de
velopment, 15.500,000 horsepower. The re
port of Secretary Fall reads almost like a
romance and it is well worth the atudy ot
every dtUen ot the United States.
Chicago live Stack.
Chicago. Dec. 13. Cattle Receipts, 11.
000 head: market, beef steers, mostly
steady: closing, strong to 25c higher;
top yearlings, SHOO; top heavy steers,
SV75; bulk beef steers. $6.50 J.26; fat
she stock, stockers and feeders, steady;
rannera and cutters dull, iower; bulla
active, strong: veal calves. 25e to 50c
higher; bulk veal calves to packers. .2
4 56.
Hogs Receipts. 63,000 bead: market
opened steady to 10c lower than yester
day's average: closing, active and 10c-to
15c higher than early; shippers bought
about 26,006; holdover, liberal: mostly off
market; top, S7.50. for eorted light lights;
170-pound average up to J7.J5; bulk 190
pound bog and up. $6.8067.16; plga.
mostly lOo lower; bulk desirable, 17.3949
7.40; few at S7.S0.
Sheep and Lambs Receipts, 14.00S
bead; market, fat lambs and yearlings,
strong to 25c higher; sheep and feeders,
steady: fat lamb top. 111.26; bulk. S11.04)
e 11 25 : culls. SS.SO?9.0; top yearlings.
S9.49; top fat awea. S5.50; beaviea around
14.00; comeback feeder lambs, S9.999
16.00; some held highes.
Kaasat Cy live Stock.
Kansas dtr. Dec 13. (IT. S. Birreau of
Markets.) Cattle Receipts, 13.0)0 head:
eannera and cutters, weak to 26c lower:
tanners, generally Sl.50e3.06; all other
classes comparatively active; beef steers,
steady to strong: small lota, I8.O09.3;
best load sold early. St-76: balk othjrs.
S5.7697.S0; other classes generally steady;
common to good cows, S3.40O4.56: odd
bnaches. 15.06; better grades vralers.
S7.660t.6t: early sales stockers, 1 5.66 6
6.26: feeders. 65.1505. 4.
Hoga Receipts. 13.606 bead; market ac
tive, mostly 1602tfc lower; best 176 t
206-lb. bogs to shippers and packers.
66.16; shipper top on light lights, 36.75
few lota 13-lb. averages, 66.6606.66; balk
of sales, S6.4606.6i: good pscking sows.
Si.6606.65:' pigs, weak: best. 67.66.
Sheep Receipts, U.fflL, bead: abeep.
atemdy; native ewes. 84.7 , good aed choice
liTtibf, steady: others weak to 25c lower:
Colerade pea ted and fed weeteras, lt.J.
THE GUMPS
upoYe8isf Tjxkf
NO r4ATTK VtWrVT
VMf PROGRAMS.
0R IAM6K
THE- PACE 6oT
SE CA.MT T
AHEAD
Omaha. Dae. IS.
Receipts war
Cattle Hogs ihep
Official Monday
4,807
,Ss
t.100
14.S6I
S.10S
10,016
13.H4
:o,8
14,I4C
10.SOO
25,14
Estimate Tuesday..,
,00
S.407
11,300
11, SOS
11.744
20.81S
Two daya thla week,
Rama day last week.
Mama day S wk ago.
Same day 3 wk ago.
Same day year ago..
.744
25.(40
lMfi
12.SU
Receipts and disposition of live stock
at the Union Stock Tarda, Omaha, Nab.,
tor S4 hours, endinf at t p. m., December
13, 1121.
RECEIPTS CARS.
Cattle Hogs Sheep
Wabash R. R 4
Mo. Pac. Ry 1 2
Union Pacific R. R. .. 34 33 7
C. & N. W. Ry.. east 10 T 1
C. & N. W. Ry.. west 1 60 1
C. St. P.. M. &. O... 11 15 4
C., B. A Q. Ry., east. 27 .7 2
C, B. & a Ry.. west. 15 28 14
C. R. I. & P., east,. S 14
C. R. L P., west.... 1 1 , 1
Illinois Central Ky... 3 . .
C. O. W. Ry. ....... S ... 1
Total receipts 135
141
S3,
DISPOSITION HEAD.
Live Stock
Cattle Hoga Sheep
. . 2! 1SI8 1467
.. (47 1S48 - 11
.. 108 1058 ....
.. 479 1611 148
.. 486 1113 11.18
. .... " 2415 ....
..... ' 438 ..J.
.. is; .... ..t.
. ....' 296 ' ....
... 14 ' '....
,. 17 ' 85 ....
, . ,-47
,.'2S .... ....
i. - 1 .... ....
,. - 17
. 26
. 11 ....
. 1 ....
. 27 .... ' ....
. S ....
27 .... ....
. . :u
1. 63 .... ....
. 88.
. 2 ....
.. 676 i
. 80 .... ....
.... ....
. 4S '
. . 33 . ;
, -s , .....
. i J .... ....
. 66 ...... ....
. 157
. J .. ....
). 7 .... ....
. 477 ... .' 6247
.3887 10493 8001
Armour & Co
Cudahy Packing Co
Dold Packing Co.
Morrla Packing Co
Swift A Co
J. W, Murphy
swarts & (Jo
M. Olassburg ........
Hlgglns Packing Co.
Hoffman Bros
Mayerowirh A Vail.
Midwest Packing Co
P. O'Dea
Omaha Packing Co.
John Roth & Sons.
J. H. Bulla
R." M. "Burruss A Co ,
W. H. Cheek
E. O. Christie & So
Dennis & Francis v,
Kills & Co
John Harvey ......
Huntslnger aV Oliver
T. J. inghram .
F. O. Kellogg ..
P. P. Lewla ....
Rothschild .....
Ij. McAdama
J. B. Root & Co
Rosenstock Bros,
Sullivan Bros. ..
W. B. Van Sant i
Other buyera ...
Cattle Ky -distinctly better v undertone
featured the fat cattle market and both
local packers and shippers bought up the
desirable beef steers and cows and heifers
at fully steady prices- , Qood corn-fed
yearlings sold at 7.508.5Q and choice
heifers went, as high as S6.76iSI6.85. The
local packing demand waa still somewhat
restricted pn account - of the atrlke but
there Was a good inquiry from eastern
shippers and- the .moderate ' offerings of
killing stock were7- all sold lri ' good sea
son, i -Stockers and, feeders rilled about
steady, . . ' . - -
Quotations on Cattle; Good . to choice
beeves. 67.00 8.25; fair to good beeves,
S6.26C97.00; commonto fair beeves, $5.5i
6.10: good to choice yearlings. 66.00$
6.60; fair to. good yearlings, 66.6007.76;
common to fair yearlings. S5.6O06.6O;
good to choice heifers. 66.0006.75; fair to
good heifers, 64.7606.00; good to choice
cows, 14.3604.85; fair to good cows, 63.60
M.35; common to fair cows. S2.OO03.2S;
good to-choice feeders. I6.906.50; fair to
good feeders. 5.405.86; common to
fair feeders, S4.7505.35; good to choice
stockers, 16.2506.75; fair to good
stockers, J5.7S06.25; common to fair
stockers. $5.0006.60; stock heifers, 64.000
6.25; stock cows, 63.2604.00; stock calves,
S4.6O07.26; veal calves. 63.50tfi8.fl0; bulla,
stags, etc.. S2.7S04.76; good to choice
grass beeves, 65. 7506. 50; fair to- good
graaa beeves, $5.0005.60; common to fair
grass beeves, $4.6005.00.
.D K ri e Dl bbAO,
No. Av. Pr. No.. At." Pr.
21 996 S 6 26 12...... 930 $ 6 SO
10 627 6 60 25 ;1104 6 60
21 1216 6 76 .1153 8 85
15. .i... 1041 60- 21. ..... 1155 7 00
21. ..... 214 7 OS 16 i 760 7 50
25...... 806 7 75 40...-,,. 783 1 75
26. ..v.. 1143 S 00 ' . -
-STEERS AND HEIFERS. ,
12 913 7 76
' COWS.
S 686 S 25 21 1110 3 85
17.. ... .1120-, 4 26
HEIFERS.
6....
6....
40....
2....
1....
2....
a....
3....
4...:
..1000 4 76 12.
.. 983 5 00 7.
.. 765 i 90 20.
BULLS.
..1245 3 50 1.
..178S 4 00 1.
CALVES.
.. 250 6 00 3.
.-. 250 7 00 -2.
....1101
.... 721
..... 676
....1130
.,..1640
.... 246
.... 390
4 SO
6 65
6 V0
3 60
4 25
6 25
7 25
..380 7 60 '
STOCKERS AND FEEDERS.
..1000 6 00 IS 650
..' 856 6 00
6 5
IS..
Hogs Receipts of bogs were estlamted
at S.100 head. The market opened about
15o lower today on choice light weights
to shippers. After these were disposed
off the market developed further weak
neaa and was generally 25c lower. Light
hogs sold from 66.3506.60, with the top
price paid for small lot of light lights,
S6.7S. Mixed loads aold from 66.000
6.36: packing grades from 14.7506.00.
Bulk of aalea was $6.6006.60. ,
HOGS.
No. Av.
47. .305
72. .249
74. .226
74. .226
87. .191
Sh. Pr.
No. At.
Sh.
Pr.
6 25
5 35
6 45
S 55
S 65
60 t S 76
6 30
... 6 40
6 50
... ' 6' 60
76. .260
66. .246
76. .233
70. .204
64. .163
Sheep
and
Lsmbs Receipts of
sheep
and iambs. 10.600 head. The market was
generally steady today with yesterday's
close, fst Iambs selling from $8.85010 25.
Feeder lamba were generally ateady with
on lot going out at SS.76. which were
good enough to nave packer competition
and needing only aJwut thirty daya to
finish. Sheep wera weak today, selling
mostly at $4.26 and quoted down to
$3.66.
Quotation on aheep: Good to choice
fat lamba. Sltt.OO01O.2S: fair to good fat
lamba, $6.60010.00; good to choice feed
er lamba. $8.8006.60; fair to good feeder
lambs. $7.6008.60; cull lamba. $6,260
4.26; fat yearlings. $6.0607.66: fat weth
ers. $4.6605.26: fat ewea. light. $2,000
6.06; feeder ewea. S2.7503.SS; cull awes.
S1.6O0S.SO.
FAT LAMBS. -No.
Av, Pr.
261 fed 74 SIS 35
Mhi City IJt Stock.
Sloug City. - Dec. IS. Cattle Receipts.
2.406 hesd: market steady; fed steers
and yearlings. $7.66016.66; warmed tips.
84.06 07.66; fat cows and heifers. 24.06
07.60; canners. 61.6602.66; vtele, $3.66
0.; feeders, $46406.06; calves, $1,660
6.56; feeding cows and belt era, $2,660
6.60; atockera, 84.6005.56.
Hogs Receipts, 2. 806 bead: market
ateady to weak: light and butchers. $6.56
0666; mixed, $6.3606 60: heavy, $6,660
6.25: bulk of aalea, $6 4606.66.
Sheep Receipts, 1,66 bead; market
atrong.
t. .oars Lira stack.
St. Joseph, Dec 13. Cattle Receipts,
4.666 bead: market ateady to 25c lower;
steers. $4.76016.66: cewv and heifers, $3 26
016 66: calves, $6,666) 8.66.
Hogs Receipts 14.56 head: market
opened 2c lower; top, $6.76; bulk. 14.25
0 5.
Sheep Receip's. 6.666 head: market
ateady, lambs, 13.76016.25; ewea. $4.64
6 4.66.
sec rr in colom
IN THS SUNDAY
1MK Ot "TV
imvt iNje
ru. irr vnett
wn.t UKt
Market, Financial and Industrial News of the Day
Omaha Produce
Furnished by State of Nebraska, do
partment of agriculture, bureau ot mar
kale and marketing:
I4VB POULTRT.
Wh'sale Wh'sala
Buying belling
Price. ' Pries.
Broilers $0.30 $0.00 $0. 00080 00
Springe 170 .16 . 20 0 23
Hens, light .... .160 .17 .20 0 22
Hena, heavy .... .200 .13 .22 0 26
Cocks 100 .13 .130 .16
Ducka 170 .20 , ,200 25
Oeeae 1(0 .16 ,.18 0 '55
Turkeys 25 0 .35 .33 0 -40
DRESSED POULTRT.
Broilers ........ .310 .46
Spring 210 .23 .23 tfe) 26
Hena .210 .23 .24 (e - .50
Cocks .130 .14 .150 IS
Ducks 250 .60 .26 . 32
Oeese 210 .23 . .220 .25
Turkeys 320 .46 ,itp .46
EGOS.
Select .600 650 .68
No. 1 46 0 .48 . 48 0 . 62
No. S .30 0 .36 .860 .46
Cracka 30 0 36 0 .45
Case Count, case. 12.00014.00
Storage, accord-
lng to grade .359
BUTTER. '
Creamery, prints 45 0 .46
Creamery, tub 440 .46
Creamery, best ,. .300 .32 .35 0 .40
Creamery, com... .24 0 -.25 . 27 0 .SO
BUTTER FAT.
Station Price ... .320 .... ..v.......
HAT
Prairie No. 1 "Upland .'..... $11,600 it 00
Prairie No. S Upland ......... 9.504 10.60
Prairie No. S Upland ...... 7.60 8.60
Prairie Not 1 Midland 10.60O 11.00
Prairie No. 3 Midland ..... 8.600 10.00
Prairie No. 8 Midland ...... 7.000 8.00
Prairie No. 1 Lowland 8.00 S.D0 .
Prairie No. 2 Lowland ..... 7.00 8.H0
Alfalfa Choice 18,000 19.00
No. 1 16.000 17.00
Standard 13.000 16.00
No, 3 H,UU(8 l.vl
No. 3 9.000 10 00
Oat straw 8,000 S.00
Wheat atraw 7.00 0 8.00
Fruits Bananas, per lb., 7tf8c.
Organges: Sue 216 and larger, $6.5007.00;
i S60. 66.0OlS6.76: alee 288. S5.60O6.50;
else 324, $6.00 0 6.60. Lemons, boxes. $5.50
06.50. Grapeai Emperor, in lugs, ti-uvvu
3.50; Emperor. In hogs, $7.00: Almerlus,
$10.00. Grapefruit, crates. $4.505.00.
Annies, according, to grade: Jonathans,
$2.6003.50; Delicious,, $3.00 0 5.00; Rome
Beauty, sz.uuggm.uu; - bp11. i.fuiB'a-o".
Stamen Wlnesap, $2.6003.00. Cranberrlea:
Bhl., $5.00020.00; 1-3 bbl., $2.60010.00.
Figs: 4-8 o $2.0002.25; 12-10 ol., 61.60;
60-6 oz., $3.6003.75. Dates: Dromedary,
36 pkgs. per box, $6.76; Fard, 'lb., . 25c;
Hallowi. Ib.. 17c; -Golden, bo, $5.60.
Vegetables Potatoes: Nebraska, Early
Ohio, No, 1 $1.7502.00; Nebraska, Early
Ohio, No. 2, $1.6001.76; Bed Biver umoa.
No. 1, $2.0002.50 Red River Ohioa,. No.
2. $2.0002.26. Sweet potatoes: Per bu.,
I1.75a2.06: ner bbl.. $3:0006.25, Celery:
Jumbo, crate, $1.26 01.60; Michigan, doz..
650760. Lettuce: neaa, in crates, ti.uo
4.60; leaf, per doz.. 60060c. Onions:
Red. lb.. 6K7e; yellow, vib., 66c;
Spanish, crates, regular, $3.60; Spanish,
140 lbs., crates," $7.0007.50. Cabbage, lb.,
45c. Cucumbers: Dos.. $2.50 0 3.00; box,
$6.60. Cauliflower, crate,- S2.76O3.00.
Radishes, doz.. 76080c. Squash. Hub
bard, lb., 2 2 '4c. Turnips, lb., 22Vic.
Carrots, lb., 2 3c. Egg plant, bu.,
$4.00. Garlic, lb., 25c. Peppers, lb., 20
35c. Brussels sprouts, lb., 25c. Shallots,
doz., 86080c. Carrots," southern, young,
doz., $1.00. Beets, southern, fresh, doz.,
$1.00. Honey, case, $6.6006.06.
Nuts Black walnuts, lb.. 506c; Eng
lish walnuta. No. 1. lb., 32035c; Brazil,
washed and large, lb., 18c; Brazil, waafced
and medium, lb., 1516o; pecans, No. 1.
lb., 20030c; filberts, Roond, Sicily, lb.,
16018c. Peanuts: Jumbo, raw, lb., )2&
016c: hand-picked, raw, lb., 8$jc; hand
picked, roasted, 11012c. -Potatoes.
Every week foe the last month haa
shown a marked decline In the receipts
of potatoes. There waa only a total of
five cars unloaded In Omaha last week
as compared with a total of 10 cara 'the
preceding week and a total of 108 cars
for the first week of November. Trading
in potatoes was low but prices were
maintained, aa wholesale dealers were
holding off tor a greater demand later.
Hay.
Hay receipts continued htavier last
week. A total ot 96 cars arrived at tha
exchange last week as compared with a
total of 52 cara for the first five days
of the preceding week. The arrtvale last
week were about equally divided between
prairie and alfalfa hay. The demand was
poor but prlcea for the most part re
mained unchanged. An advance waa
made in the lower, grades ot alfalfa, the
laat of tha week.
Poultry.
Poultry receipts were bout at normal
again last week after the heavy shipping
during the Thanksgiving rush. There
was a general lull in tke market tho first
ot the week but dealers began to pay
more money for live atuff the last of tha
week, and the selling market ahowed an
advance. An advance of . lc to 2c per
pound waa shown -In springs and hens,
and an advance of lc to 2c per pound in
ducks. There was very little change in
the price ot dressed poultry but dealers
had nearly cleaned up on tha exceaa
received at Thanksgiving time,
Kgg.
Tha egg market remained quite ateady
throughout tha week, wits a weaker tone
prevailing at tha end of the week on
fresh eggs, and a atronger market for
atorage egga. The sharp decline reported
try aome dealera two weeks ago was due to
excessive stocks on hand and they had no
desire to buy. The first of last week
some dealera were paying $12.00 to S13.35
per case, casa count, others paid 614.25
to $15.00 per case rots out. Those who
bought on grade paid 48c to 60c
per dozen for real fresh select eggs and
all the way from 25c to 47c per dozen
under grades. Most of the fresh under
gradea below s No. 1 are sold aa atorago
egga. Extra fresh aelects sold to the
retail dealers for 56o to 68o per dozen. Tho
last of the week prlcea tended to be
easier on all grades ot fresh egga. Stor
age eggs sold from 33c to 45a per dozen,
according to rade, tha laat ot tha week.
Batter.
Tho butter market was unchanged
throughout tha week altkough the east
ern market ahowed a gradual decline tha
first few daya of (he week. The demand
hers seemed sufficient to hold up prices,
and there was a stronger tone to tho
eastern markets the last ot tha week.
The wholesale prlcea of beef cuta are
aa follows: No. 1 ribs, ItVje; No. S ribs,
lie; No. S ribs. 15Vic; No. 1 loins, 334c;
No. S loins. ltHc; No. S loins, 154c; No.
1 roands, 14HC No. S rounds, 13Vic; Mo.
S rounds, 13c; No. 1 checks, SVjc; No. 2
chucks 6c; No. S chucks, 8c; No. 1 platesv
SUc; NO. I plates. Sc: No. S plates, 6c
New York Otton.
New Tork, Dec 13. Today cotton
market waa erratic, backing and filling
over a wide range In the daya trading.
The character of dealings waa mixed, an
early advancs of about 16 points being
quickly followed by a break ot 36 to 35
points from Mondars closing. January
touebed 16.63c May 16.76c, and July
16 37c A last hoar rally led by tne
distant months carried prlcea for all ex
cept December back up again to a net
advance of two to IS points net gain errer
yesterday's final fig-area. The main fac
tors were scattered liquidation aad south
ern selling from Monday'a larger crop
estimate, followed by short covering, on
which Wall atreet bulls bid prlcea up
toward tha close
Hssr SUvrr.
New Tark. Dec is. Foreign Bar Silver
6e.
M.xi.an DoUrr-4lc
HO,
, Ml I 1 I
t a tounc womam L Wfl ",H to, Mor- X "tut vow cvzn vHt- 1
1 V tNVI- Huaa r r-rg. ScfTVtlNe TXAT WOOLt I I Awtr,- amT A teifSMAvt II
j Financial .
By ALEXANDER DANA NOYES.
Chicago Tribune-Omaha Bee Leased Wire.
New York, Dec. 13. Downward
reaction on the foreign exchange
market, after so exceedingly violent
an advance as that of Saturday and
Monday, was altogether in line with
the natural movement of financial
markets. It was noteworthy first,
that the market steadied and recov
ered slightly after each lowering of
quotations and second, that closing
rates remained substantially above
last week's finals.
In the stock market today, the
procedure was again the bidding up
of prices for stocks which are con
trolled by purely speculative "pools."
It is never easy to take a market
seriously when the leader of its
movements is so notorious a tool of
professional manipulators as Mex
ican rctrolcum. .
Paper Marks Increase.
The only news of financial Interest was
the . German relchsbank'a statement for
the first week of Decembsr, showing
further increase of 1,846,000,000 marks in
the paper currency. It has risen 10,000,000,
000 In a month and 20,000,000,000 since
the close ot August.
The price of cotton declined further,
though with partial recovery before the
close, the New York spot price ending
nearly 4 cents a pound below the high
point reached at the time of the govern
ment's October under estimate.
Monday'a foreign trade statement
showed that, contrary to expectation, the
amount of gold imported had increased
in November and today'a classified gold
import figures of the federal reserve board
showed who had sent it. In the 10-day
period of last August, in which gold ar
rivals reached the year'a high mark of
$31,608,000, Europe sent $23,925,000. In
the last 10 days of November, total ar
rivals were nearly $6,000,000 lees than In
the August period, yet $23,446,000 came
from Europe. Out of the $660,000,000 total
for the year -up to December 1. $.175,000,
000 was shipped- direct from France and
England, almost equally divided.
New York Quotations
- Range of Price' of the leading stocks
furnished by Logan & Bryan, Peters Trust
building: , - ,
.BAILS.
.... Mon.
" High Low Closo Close
A T & 3 F 90 904 H 90',!,
Baltimore & Ohio 36 35 36 So "4
Canadian Pacific 121 1204 120 121
N Y Central ..-.'74V, 73 73 73
Chea & Ohio...... 6S?4 55 55 66
Erie R R 11 10 10 It's
Gt North'n pfd.. 76 76 75 757,
Illinois' Central . .'99 99 99
Kan City South'n 24 23 21 23
.Missouri Pacific -.. 18 17 17 IS
N Y,' N H & H.p. 14 13 13 14
North'n Paclflo Ry 80 79 79 79
Chi & N W 67 66 67 66
Penn R R 33 33 33 33',i
Reading Co 72 71 71 71
C. R I & P ...... 32 31 31 31
South'n Paclflo Co 80 79 79 80
Southern Ry 19 18 19 18
Chi. Mil St P. 20' 19 19 20
Union Pacific... .127 126 12 127
Wabash .' 6 6 .6 6
STEEL. "
Am Car & Fdry.,148 .147 14? 146
Allis-Chal'era Mfg 39 38 39 ,18
Am Loco Co 99 97 9ii 93i
Utd. A. Steel Corp. 25 26 ' 25 '
Bald. Loco. Wks. .97 95 96 95
Beth. Steel Corp. . 68 68 68 68
Colo. F. & Iron Co. 25 26 25 25
Crucible St. Co. . 66 64 ,66 64
Am. S. Found. ... 34 34 34 34
Lack. Steel Co.... 46 46 46 45
Mid. S. & Ord. .. 28 28 28 28
Pressed 8. Car Co. 66 66 66 66
Rep. I. & S. Co. .. 63 63 63 63
Railway S. Spring 93 93 93 93
S.-Shef. Stl. & Iron 38 33 38 37
U. S. Steel ..84 83 84 83
Van. Steel 33 32 32 32
COPPKRS.
An. Cop. Min 49 49 49 49
Am. S. & Rfg. Co. 47 46 46 46
Chile Cop. Co. ... 15 14 16 14
Chino Cop. Co. .. 29 28 28 28
Cat. & Ariz. 59 69 59 59
Insp. Cons. Cop. . 40 39 39 39
Kenn. Cop. 27 26 27 27
Miami Cop. Co. .. 27 27 27 27
Nev. Cone. Cop. Co. 15 16 15 16
Ray C. Cop. Co. ..-16 15 16 16
Utah Cop. Co. 65 64 64 64
INDUSTRIALS.
Am. B. Sug. Co. .. 28 28 28 28
A.. O. & W. I. S. S. 33 82 32 32
Am. Int. Corp. .. 41 40 41 41
Am. Sum. Tob. Co. 30 29 29 30
Am. Cotton Oil Co. 22 22 22 21
Am. Tel. & Tel 116 116 116 116
Am. Agr. Chem. P. 30 29 30 29
Continental Can,,.. 48
Am. Can Co 33 82 33 32
Chandler Mot. Car 48 48 48 48
Central Leather Co 31 S0 31 31
Cuba Cane Sr Co. 7 7 7 7
Cal. Packing Corp.. 69 69 . 69 69
Corn Prod. Rfg. Co S3 92 93 93
Nat. En. & Stamp. 41 40 41 39
Famous Flayers .. 78 . 75 78 76
Fisk Rubber Co... 10 10 10 10
General Ele.o Co. 143 141 142 142
Ot. Northern Ore.. 81 31 31 31
aen. Motors co... it it 11 11
Goodrich Co S7 36 37 35
Int. Harvest 83 81 83 82
Am. H. A L. Pfd.. 6 57 68 57
U. S. Ind. Al. Co.. 41 39 40 39
Int. Nickel 13 12 12 12
Int. Paper Co 64 63 63 63
Island Oil 2 2 2 2
AJax Rubber Co... 20 19 19 19
Kelly-Spring. Tire '43 42 42 4Z
Keystone T. R. 13 12 12 12
Int. M. M.. com... 15 14 14 15
Internet M M pfd. 66 64 66 66
Mexican Pet'Ieum.121 116 121 116
Middle States OU 16 14 14 14
Pure Oil Co .... 40 39 39 40
Willys-Overland .6 6 6
Paclflo Oil 46 45 46 46
Pan-Am Pet, Tran 67 62 57 62
Plerce-Arrow Mot 14 14 14 14
Royal Dutch Co.. 62 61 51 62
U 8 Rubber Co.... 66 64 65 54
Am Sugar Rfg Co 64 63 54 66
Sinclair Oil . Rfg 23 22 23 22
Sears-Roebuck Co. 67 65 56 66
Strom berg Carb Co 34
Studebaker Core.. 61 80 80 86
Tob Pdcts Co .... 69 68 69 60
Trans-Con'tal OU.. 11 11 11 11
Texas Co 47 47 47 47
V 8 Food Pr Corp 16 10 10 10
Union Carbide ... 43 43 43 44
White Mot Co..." 40 40 - 40 40
Wilson Co. Inc.. 26 28 28 28
West Airbrake 92
Western Union ... 62 S2 S2
West'gh'se El. Mfg 61 66 60 61
Am Woolen Co .- 62 68 S2 82
Total aalea, siz.jvs snares.
. Money Close, S per cent: Monday'a
close. S per cent.
Marks Close. .0061: Monday'a close.
.061.
-sterling Close, gt.is; Mondays close.
14.23.
Xew Tork Dried JValts,
Tfew Tork. Dec 1 J. Apples Evapor
ated, market, few hers..
Prunes Easy.
Apricots snd Peaches Scarce.
Raisins Stesdy.
Kansas City Bay.
City. Dec. 13. Hay Un-
Ksnsss
changed.
HUM!
Chicago Grain
By CHARLES D. MICHAELS.
Chicago Trlliune-Omuha lies Leased Wire.
Chicago, Dec. 13. Sentiment in
the grain markets was decidedly
bearish, due more to lack of support
than anything else. With the local
element generally on the selling
side, the range was lower. At no
time were wheat prices as high as
the previous day's finish, while the
close was at intermediate figures
with the December and May 1 l-2c
and July l-4c lower. Corn was off
S-87-8c, oats l-8l-4c and rye,
I 3-8l 3-4c lower.
The action of the wheat market
was decidedly disappointing to the
bulls smd a rally made as the result
of a reported international loan of
$1,000,000,000 to help Germany
failed to be maintained. On all the
advances there was-plenty of wheat
tor sale, . while on the extreme
breaks commission houses took the
buying side. The pit clement was irv
clined to follow any good buying or
selling, but was run in on short
lines toward the close, making the
nnai rally. . .
Liverpool Market Off.
There was little change in the character
of the news. Liverpool was off ld, di.'e
to pressure of Argentine grain and tha
weakness In America. It is expected thot
exports from the new Indian crop, which
should commence to move in May, will
he prohibited. While threshing returns
from Argentina are showing a little dis
appointment, no change haa been madi
In the private estimates as to the ex
portable surplus, A decrease of 3,937,000
bushels in the world's available supply
passed practically unnoticed by the trade,
although the total now is only 18,000,000
bushela in excess of last year.
Some Investment buying of the July
was noted as the result of continued
drouth and damage reports from parts
of Texas, Oklahoma, Kansas and Ne
braska, which held that delivery close
to the previous' day's finish. The net
loss In two days has been only c, com
pared with about 2c for the old orop
futures. The forecast indicated generally
fair weather for the grain belt.
Export demand showed considerable Im
provement, despite the easing in exchange
and there were intimations ot as high as
1,000,000 bushels being aold, while an
active call existed for Manltobas . now
afloat at Buffalo, '
' Corn Prices Lower.
Outside interest in corn is very light
and the local buying la not sufficient to
absorb the hedging sales. Shippers, ele
vator interests and industries were good
buyers in the sample market at the re
duced prices. Receipts, 670 cars, with
shipping sales 62,000 bushels.
Good rains fell in Argentine, where
they were most needed and Liverpool was
off ld. Owing to the revision upward
in the cotton market, the trade has -an
Impression that the government final re
port will show an increase in grains as
compared with the preliminary reports,
although based on the census returns, the
crop should be lowered materially.
Local traders were free sellers of oats
and generally took the short sldo on a
decline. On tho break there waa free
buying1 by a local professional and a
commission house which absorbed the sur
plus and caused a sharp rally, part of
which was maintained at the last. Avail
able stocks increased 1,143,000 bushels for i
the week. Sample values -were cc
lower, with receipts 62 cars and ship
ping sales 45,000 bushels.
"While the seaboard reported some ex
port business under way In rye, there
was scattered liquidation in evidence In
futures and the close was heavy at about
the low point. Millers and industries
were fair buyers of cash grain, paying
llc over -December for No. 2 with a
choice car at 3c over. Receipt, one car.
Pit Notes. '
New Tork wired Stein-Alstein:
"Argentine flaxseed crop estimated at
24,000,000 bushels, against 60,000.000 bush
els a year ago. Same caWe says returns
on wheat iu the north xod and some
of the wheat testing 66 pounds to the
bushel.
There were messages from Buffalo re
porting 23,000.000 bushels grain afloat In
the harbor there, with every elevator on
the waterfront full. .
A .private cable received by the J.
Rosenbaum Grain company from Buenos
Aires said wheat was yielding better than
expected in northern provinces, but in
Bahia Blanca complaints were numerous.
This correspondent estimates the export
able surplus at 112,000,000 bushels.
Minneapolis reported flour business stag
nant, with no Improvement looked for
until after the end of the year.
Argentine corn prices figure out about
84c, c. 1. f., European ports, against
73c for Atlantic corn and 71 o for gulf
corn.
Three small banks In the southwest
closed their doors, one in Arkansas, one
ip Oklahoma and one In New Mexico.
The open interest in Job lots of oats
has been cut down materially. For a
year and a half or longer prior to this
December there has been a big long in
terest in oats, amounting to around 6,000,
000 bushels in job lota.
All banks in the country are not tak
ing advantage of the war finance cor
poration proposals to loan money to farm
ers. Some bankers say the war finance
corporation, if it wants to help fne farm
ers, should loan direct to them on their
or cattle as security, without asking the
banks to assume all the responsibility for
a moderate percentage of the Interest ob
tained.
A tax of 3 per cent on freight charges
Is to be repealed, effective January 1.
1922. 'The tax of 1 per cent on each 20c
paid on express shipments and the 8
per cent on passenger fares snd Pull
man tickets, as well as the special stamp
tax on parcel post packages, will also
be off. The tax on telegrams and tele
phone messages will not be changed.
' Minneapolis Grain.
Minneapolis. Dec. 13. Flour Un-.
changed to 10c lower. In car load lots,
family patents, quoted at $7.00W7.2S a
barrel in 98-pound cotton sacks.
Bran $18.00$ 20.00.
Wheat Receipts, 245 cars: compared
with 387 cars a year ago; cash No. 1
northern, $1.201.24: December, $1-17;
May. $1.18; July. $1.15.
Corn No. i yellow, 339o.
Oats No. S white, 292Sc
Barley 376 61c.
Rye No. 2, 777c.
Flax No. 1. $1.85 t? 1.96.
St. Louis Grain.
St. Louis, Dec 13. Wheat December.
$1.67 bid; May. $1.10 asked.
Corn December, 46o asked; May.
61 So bid.
Oats December. 32e asked; May. SSc
Kansas City Grain.
Kansas City. Dec. 13. Wheat Decem
ber. 69c; May. $1.64; July. 6 5c
Corn December, 40c; May, 46c;
July, 48c
Liberty Bond Prices.
New York, Dec. 13. Liberty bonds
noon: 3s. S5.60: first 4a, t'.iO bid:
second 4s. S6.70 bid: first 4s. S7.;
second 4a, .n; third 4s. 97.11; i
rourtn 4s, 7.3; victory 3s, ts.ss;
Victory 4 a. 109.
Liberty bonds closed: 2 Us. 95 In-
first 4. S7.10 bid: second 4, ; first
4s. 97.20: second 4s. 94.90: third 4a, ,
97 2: fourth 4s. 7 26; Victory 3s. i
100; Victory 4a. 146.62. I
Drawn
Cnpr
Omaha Grain
Omaha, Dec. 13.
Receipts of corn today were mod
erate, with 81 cars. Arrivals of
other grain were light, with wheat
18 cars, oats eight, rye five and bar
ley one. Wheat trading got tinder
way slowly. The market was off
about 2 cents. Corn delivered, c
to y$c. Oats were generally l-2c
lower. Rye was off 2c and barley
was unchanged.
WHEAT.
No. 1 hard: 1 car, $1.04.
No. 2 hard: 1 car, $1.02.
No. 3 hard: 3 cars, $1.00; 1 ear, 19c; 1
car,. 99c, (yellow, heavy); 1 car, 8c( yel
low). No. S hard: 1 car. 96c (34 per eent beat
damaged); 1 car, S6o (yellow).
No. 1 mixed: 1 car, 86o (durum).
No. 2 mixed; 1 car, 86o (durum).
No. S mixed: 1 car, $1.07 (smutty).
CORN.
No. 1 white: 1 car, 89c
, No., S white: 4 cars, 39c.
.No. 1 yellow: 1 car, 39c; 1 car, Si'Ac
No. 2 yellow: 2 cars, 39 c; 6 cars, 39c.
No. 3 yellow: 3 cars. 39c.
No. 1 mixed: 1 car. 39c.
No. 2 mixed: 4 cars, 38.
No. 3 mixed: 3 cars. 38 c.
' OATS.
No. 3 white
e: 2 cars, i9c; 1 car, 29c
e: S cars, 29c.
No. 4 white'
Sample white: 1 car, 29c,
Krai
Sample: I car, 71e. .
. BARLEY.
No. 3: 1 car, 47c.
CHICAGO RECEIPTS. '
Carlots Today Wk. Ago Yr. Ago
Wheat 22 39 63
Corn ...693 416 203
Oats 138 116 98
KANSAS CITY RECEIPTS.
Carlots Today Wk. Ago Yr. Ago
Wheat , 176 268 182
Corn 67 98 , 27
Oats 1 10 . 14
ST. LOUIS RECEIPTS.
Carlots Today Wk. Ago Yr, Ago
Wheat 35 48 96
Corn ..........102 106 28
Oats 24 38 33
NORTHWESTERN WHEAT RECEIPTS.
Carlots Today Wk. Ago Yr. Ago
Minneapolis 245 382 387
Duluth ., 103 99 97
Winnipeg 1,497 ... 821
OMAHA STOCKS.
Bushels Today Wk. Ago Yr. Ago
Wheat ......2.180,000 2,193,000 1,001,000
Corn 368.000 236,000 202,000
Oats .2,6115,000 2,637,000 1,169.000
Rye 458.000 616,000 103,000
Barley ...... 40,000! 45,00 . 32,000
OMAHA : RECEIPTS AND" SHIPMENTS.
. . (CARLOTS.)
Week Year.
Receipts Today Ago. Ago.
Wheat 18 27 80
Corn ............... 81 . 79 46
Oats S 9 19
Rye 5 3 8
Barley 1 .. 8
Shipments
Wheat 18 SS 62
Corn 86 41 4
Oats 4 9 7
Rye .. v .. s
Barley 1 4 4
Barley 1 4 4
PRIMARY RECEIPTS AND SHIPMENTS
(BUSHELS.)
Receipts Today Year Ago
Wheat 835.0J00 1,412,000
Corn 1,944,000 670,000
Oats 492,000 637,000
Shipments ,
Wheat 496,000 1.202,006
Corn 756,000 270,000
Oats 630.000 .423,000
.CHICAGO CLOSING PRICES.
By Updike Grain Co. DO. 2627. Dec. 13.
Art. Open. High. Low. Close. Yes,
Art. Open. High. Low. Closo. Sat.
Wht. I '
Dec. 1.09 1.09 1.07 1.08 1.09
May 1.12 1.12 1.11 1.11 1.13
1.12 1.11 1.13
July 1.02 1.02 1.01 . 1.01 1.02
1.01 1.01
Rye I I I I I
Dec. .83 .2 .81 . .811 .83
May '.89 .89 .87 .88 .90
Corn
Dec. .47 .47 .46 .46 .47
May . .53 .53 .52 .52 .62
.63 .62
July .54 .54 .54 .64 .65
.54
Oats
Dec. .32 .32 .31 .32 .$2
.31
May .37 .37 .37 .37 .37
' .37 , 37
July .38 .38 ,37 .38 .38
Pork
Jan. S.65 8.65 8.62 S.60 8.70
May - 9.02 I 9.05 9.06 I 9.051 9.10
Ja". 17.60 I 7.60 7.60 I T.50 I 7.65 .
May I 7.87 I 7.87 1 7.80 I 7.80 7.8,7
Bay Mnrket
Furnished by Omaha Hay Exchange,
December 1, 1921:
Prairie Hay Receipts have been light
during past week: demand fair; top
prices slightly lower.
Alfalfa Receipts light; demand good;
prlcea steady
Straw Limited demand; prices un
changed. Upland Prairie No. 1. $11.60(912.00;
No. 2. $9.50010.50; No. S. $7.6008.66.
Midland Prairie No. 1, $10 50011.00;
No. 2, $8.60010.00; No. 3. $7.0008.00.
Lowland Prairie No. 1, SS.OO 09.00; No.
2. $7.0008.00.
Straw Oat, $8.0006.00; wheat, $7,000
S.00.
Alfalfa Choice. $18.00019.00; No, 1,
$16.00017.00; standard. $13.00015.00; No.
2, $10.00012.00; No. 3. $8.600 $.00.
Turpentine and Rosin.
Savannah, Oa., Dec, 13. Turpentine
Firm, 73c; sales,' lit bbls.; receipts, 614
bbls.; shipments, 411 bbls.; stocky 12.633
bbls.
Rosin Firmr esles, S73 casks: receipts,
2.814 casks; shipments, 1,217 casks; stock,
60.76S casks.
Quote: B, D, E. F, O. $4.00; H, I,
$4.05; K, $4.80; M. $5.20; N, $5.35; W,
O. $5.60; W. W, $5.75.
$3,000
Choice 6 Nebraska
School Bond
Maturing 1930, 1931, 1932
Denomination, $500
Assessed Valuation, $550,000
Total Indebtedness, $11,000
Last of Issue.
Price, 99 M to "yield 6.05
C. E. Johnson
Municipal Bond
211 Keeline Bldf. Jackson 1720
Money in Grain -
115.59 buys puts or calls on Il.ttl
bushels ot wheat or corn. No farther
risk. A movement of Se from price
rives you an opportunity to take tiSS.
4r. S40; Sc. 13Q, etc. Write for
particulars and free market tetter. In
vestors Daily Guide, Scmtawast Branca,
Desk E. 10O4 Baltiaaorw Ave. Kaasee
City, Mo.
I
for The Bee by Sidney Smith
rif hi, 111 Ihiaago tribune Compaai
Bonds and Notes
Yld.
Yid.
6.87
6 47
6.70
6.60
7.53
7.11
7.10
6.62
6.60
6.68
6.15
7.75
7.26
6. 85
7.97
7.97
7.60
6.95
6.16
8.60
7.85
7.09
S.S0
6.21
6.70
6.0S
8.60
6.85
6.68
6 73
6. XI
6h2
6.75
6.19
7.77
7.2S
Bid Asked
Am. T. A T. Co. 6s. 1622.100 100
Am. T. A T. Co. Cs, 1924 99 100
Anaconda 7s, 1929 101 102
Armour 7s, 1630 102 102
Belgian (lovt 8s. 1941... 104 106
Belgian Govt. 7s. 1945.103 104
Beth. Steel 7s, 1923 99 9
British 6a. 1922 99 99
British 6s, 1929 99 9
Cana. North'n 6s, 1946.107 108
C, B. & 4. Jt. 6s, 1936 106 106
Chile 8s, 1941 102 102
Denmark 8s, 1945 107 108
Du Pont 7s, 1931 101 104V.
French Govt. 8s. 1946.... 69 100
French Govt. 7s, 1941. 94 96
B. F. Goodrich 7s, 1925... 98 98
Goodyear Tlra 8s, 1941. ..110 110
Great Northern 7s, 1936.107 108
Jap. Govt. 1st 4s, 1925 87 88
Japanese Govt 4s, 1931.. 78 74
Norway 8a, 1940 108 109
N. B. Tel. Co. 7s, 1941. .106 107
N. Y. Central 7s, 1930. ..105 105
Penn.. R. K. Co. 7s. 1980.106 106
Penn. R. R. Co. 6s. 1926.103 104
S. B. Tel. Co. 7s. 1626... 100 101
Swift & Co. 7s, 1925 100 100
Swift A Co. 7s, 1931 101 102
Rwiss Govt. 8s, 1940 112 113
U. S. Rubber 7s. 1930. .103 104
Vacuum Oil 7s, 1936 106 106
Western Union 6, 1936.107 107
West'gh'se Eleo. 7s, 1931.105 105
Uruguay 8s. 1946 101 102
Brazil Ss, 1941 104 104
Foreign Exchange Rates.
Following are today's rates of exchange
as compared with the par valuation. Fur
nished by tho Petera National bank:
Par Val. Today
Austria 30 ".0005
Belgium 196 .0780
Canada 1.00 . .9250
Czecho-Slovakia .0124
Denmark 27 .1925
England 4.86 4.18
France 163 .0811
Germany 238 , .0065
Greece - 195 .0426
Italy 195 .0418
Jugo-Slavia .0042
Norway 27 .1522
'Poland ' .0004
Sweden 27 .2476
Switzerland 195 .1945
Now York Sugar,
New York, Dec, 13. There were no
changes or sales reported in the local
raw sugar market but the undertone was
unsettled by numerous rumors regarding
some Bort of government aid In the
sugar . Industry. Prices were quoted at
2c for new crop Cubas, cost and freight,
equal to 3.00c for centrifugal, while the
committee is asking 3c for old crop
Cubas. equal to 3.98c for centrifugal.
Raw sugar futures closed 8 to 10 points
net lower, with January and March at
2.25c; May, 2.36c and July, 2.46c.
' Linseed Oil.
Duluth, Dec. 1 3.-1,1 n.ieed on track,
$1.91 1.95; arrive, $l.911.93.
Japanese
Government
4s
Sterling Loan; principal
' and interest payable in
U. S. gold dollars at
fixed rate of $4.87 per
Pound Sterling.
Due Jan. 1, 1931
Price to yield about
8
The National City Company
Omaha First National Bnk BUg.
Telephone 3316 Douglas
tPCfX
G R A
WE solicit your consignments of all
kinds of grain to the Omaha,
Chicago, Milwaukee, Kansas City
and Sioux City markets.
We Offer You ihe Services
Omaha, Nebraska
Lincoln, Nebraska
Hastings, Nebraska
Chicago, Illinois
Sioux City, Iowa
Holdredge, Nebraska
Cat la touch with
offices with four
The Updike Grain Company
"The Reliable Consignment House"
r
Flanhigan Savs
O e
Cattle Should Be
Plentiful Now
Secretary of Vur Finance
Corporation Declares
rieuty of Money la '
Obtainable,
"Tlit-rc is no reason why tlie fffd
lots of Nebraska should not be full
of rattlcor the imstures filling up.''
said. J. M. Haunigan, secretary of
t lie war finance corporation. "Cat.
tic can .now he held back on the
farm until they arc in finished shape
instead of heinR shipped too early
to market in onlrr to meet notes.
Money is obtainable almost for the
asking for agricultural purposes
now."
Good service out of WashitiRlon
is now reported by the war finance
corporation's branch in Omaha, On
Monday $171,0(K) was received to be
distributed anionpt the nine coun
try hanks in all parts of the state.
The largest amount of any of these
hanks was $30,000, and the smallest,
$5,000.
"These loans prohobly went ulti
mately to not less that 100 Nebras
ka farmers," says Mr. l'lannigan.
"They mean that these farmers will
be carried for a period of three
years at the moderate rate of 7 or 8
per cent. They will be able to stock
up on live stock or carry on their
business without interruption.
These war finance loans also mean
that the farmers' corn can be held
in the cribs and not forced upon
the market.
"The war finance act is strictly
for agricultural and is a farmers'
proposition. If a bank had only
liberty bonds or commercial paper
in its note case it couldn't borrow
$1 from the war finance corpora
tion. These loans are only made
on agricultural paper.
"Eugene Meyer, . jr., managing
director of the corporation, ' fully
looked into the Nebraska situation,
and decided that it was very essen
tial that the agriculture of the state
should he taken care of at once.
He is a man of action, and is get
ting the money here as fast as it
is applied for.
"N. B. Updike, of the Corn Belt
committee is also demanding that,
the hanks speed up and show more
activity."
Mr. Flannigan emphasizes the im
portance of country banks making
use of the borrowing power which'
all of them have with the war fi
nance corporation. t lie will speak
at Alliance Friday night to the
bankers of Box Butte, Morrill, Gar
den and Grant counties.- He will
hold another meeting Saturday
night with the bankers -at Scotts
bluff. Kunous City Proditre.
Kansas City, Dec. 13. Butter Cn--chnnged.
. '
Eegfl 3$4a lower; firsts, 4S46c; sec
onds. 3132c.
Poultry Unchanged.
with il
- mm am
6urself
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you. -
Cat thimadoat. mmil to mm with mil
and addrwtm in margin
KRIEBEL & CO.
Investment Secaritiee '
Dept. 18738. 137 So. LaSalle St., Chicago
KaatstCity IndUaapeKs Mhwakta Itealtrt) "
CWet tetrsit Caveltnd St. Loeis ClrnxmN . .
of Our Offices Located at
Geneva, Nebraska
Des Moines, Iowa .
Milwaukee, Ww.
Hamburg, Ia. v
Kansas City, SI ,
on of thai branch
mexl frmia shipment.
IN