IMS liKK: OMAHA. MONDAY, MARCH 13. 1922.
THE GUMPS s
CAtt-CH 4 Caff. 1
i 4k ft A wJ iiiAJ I
New Tax Ruling
on Security Sales
May Help Market
More Attiwif Predicted if
Profit on rru1ationt Coo
iu)'rfI at IV rw Capital
ly Government.
By HOLLAND.
If it be true that a new ruling hat
been made by tht government
which. retain to profits gained in the
tale or piirchi. of tecurllie it may
I ave a noticeable elfect upon the
ruhtir market. Agent of the gov
ernnynt are reporting that thi new
rulinir meant that it any one gains
a profit either by buying or selling
tecuritir that profit may be eontid.
ered it new capital and not a in
come liable to taxation. If it be
new capital then it if tuhject to a
ta of only M 1-2 prr ttnu Tn"e
seems nni ta be agreement upon
the point whether or not a new rule
ot tin kind nat ueen aanpicn
or whether if it if adopted it
tne hem rironrrtv interpreted. Dut
it ; dct that reoretentative of
the Government are now reporting ''? rt
.1 ' ,I'1MII. PIOnUMT,.
to those wno are preparing w -come
tax statements or whoe tax ac
counts are being scrutinired by gov.
.-...,. lornii that a rule (if thlt
:. . . . .i ...j u.. .k. ., S. d4 tins wwk. .41 :S H-ll
kind hat ocen a'loptcu uy "- ,. ,t ,.k r441.
at it i lumatu
T iuai aa
WEDDING BELLS
Drawn for Th Bee bf Sidney 3m!th
i",i
f i wot? kf
1 Vt LOW A
I rffc MASH T Alt.
Tt CwiT IW
hat v e009
Petition- AKb Y
TVrt Uaft.YMOMr'r
A"P K JVeT VaOtJX'PS 1VCStOWN
I Hi t MMtV IN Love
T Hfc- I'M HOT OITUMO kui
fOVNwlt,- V 0A.N Or MX AbC
4M l N'Y 61T
know a lot ov vmouik wmo
Vout,o JOMt t "rut Cwahce
Ttt 6Y HIM
NOT "TNlNKlN Ot r-AtJ(IN, MA"
I LO.C NOO MOt THAN Ht
pott" t Vettvi ou- jA.nt
Vow TO BE Mf UTTtt Wl-
. FORTMC V0 HAPfN
r' Ltr jmic MY Twin tlNb OM
VOO l LONt, TMt MaO OUT
fc.IV Uk TWC couaw TO
A$ VOU- Too V.IU. W MY
tlYYLl Viri woafY 0U
I
Mini tn II
I To - vow J I
LWWT"V
I Livestock J Umaha Uram
Omaha. Marrh It
1'ali la. Iloia. hhfr
. t il a :
(iffl. l.l Wrda. a.ar.. l.'.H
liffu lal Tliura.y... a a: II I
I'ffi. lal rritlay 1.4:0 pi I
I ni. ,i hiur.lv ., I 4.tu
riiTifnt jma 3 wa .. 5?7 aS.,T
rr ''" ' . ... . . . . ha ma 3 rrh aaii. .:-) .(1J
li nil) not affft tha Inmnia la roiurna ' -
tlcipia anl ii.Ki.iirn f llvfiatiwk at
fh I iiiun Hitti'teyariU. iimalia, xb.. iiti
I. "H
11.441
M.T44
a.:4
aViii
: .it
4H.44J
ta.lll
Ohio Operators
Decline-to Join
f.ir tha yar l!l. but It will appl; JJ
tiroin. ta aitmnia mr in jt
an.l. unl. rhan.r.t. Ir lulir yar. tna
.if tltiu who In Ih pat haa Ihwb) nn.
aiiloumia lor Ma opraunn in "
H a nmrk.t both aiwrulatlva n.l IrvW
xiPt. h.a bn out of th. marliat fof
tA or hre ra. Ha haa ln aa
., fr Ihla abatanllon lha d-manili
l.l. li tlia iivarnmant maka In tha form
if nvntlon upon profiia lnM In th
imltlva or lnvr.tmnt marhat. ila
hia li-i-n Inl-l that In man luaiaiu-ra tha
viivrtnnunt hna ilainanita and rvaivil
i, Hi. fiirm or taaa 0 p.r nt or v.,n
no' uin tli prnflta ralnul In th a.
m-ii. niarktt. Ha (alt. tharafnra. th it
tin 'iiu'il do batiar wllh hla ninnay If
boiiahl nontaianle aerurlllaa n4 ha
1.. prrmm'-d to hav accumulattd a larva
aiiiiiitiit of tham. ...
i:m If profita rained In th aai-nrltlra
iiirkt ar haraaftar to ha rafarrtail f
i,.-iv ranltal and not aaihjM-t to anyotli r
than tha K'i par cant tax than In a'l
j.rohnl.lllty many who hava rrfrnlmil from .
in tivitti-a In thl market will rraume the"
liviti .
N-hlff Preferred Sntaablea.
Th Inventory of th eitata of tha lata
Jai-ob Srhlff hi been read with mii'-h
lmer.it berauae It reveala th riiapoiulon
of thia International banker to place much
th pre.ter part of hi poa.ciona In
aecurUlm which ara eiempt from taxa
tion. Nearly I16.ao0.ooo of th aatata
ronaiat of bonda of New York lty and
Kovernment bonda. Mr. Hchlff friend
aurml.a that h waa persuaded to plac
thla iarn proportion of hla wealth In
nnntnxabl aecurltlea because ha regarded
tha gov.rnment tax aa tar too nign. rrou
ably bad th aurtax been much reduced
noma of hla inventmenta would hav been
placed In taxable aecurltlea, preaumably
rmlroad bonda, rather than In thoa la
aued by tha government aa well aa by
atatea and by munlclpalltlea.
Una of Mr. Schlff'a friends, who waa this
morning commenting upon th heavy In
vestment mad by Mr. Srhtff In nontRX
abl aecurltlea, aald that many other men
ft wealth have done aa Mr. Rchlff thought
It expedient to do and If the Inveatmente
of some of th wealthy citizen of New
York could b Inventoried at thin time it
would ba dlacovered that proportionately
aa large an inveatment haa been made by
them in government, atato and municipal
ecurlties as the Inventory ot Mr. Schlft'f
estate revealed that he made.
Some of th large estates recently pro
bated do not dlacloaa such preferenc for
nontaxable aecurltlea aa Mr. Schlff'a es
tate reveale. The estate of George W.
J"erklne, which waa much amaller than
that of Mr. Schifrs. does not contain a
considerable proportion of nontaxable
itema. It (a true that Mr. Perkins bought
of Liberty bonda and Victory notee
2.000.000, amounting then to one-third of
his entire poaseasions. iiui wnen spend
ing ot this purchnae ha aald that It waa
not made aa an Inveatment but aa a patri
otic duty. Later he disposed ot a con
a'derable part of these government aecu
rltlea. He leaned favorably toward in
dustrial auch as the United States Steel
corporation and International Harvester.
Thla disposition waa probably due to hla
personal and conspicuous association with
these two Industrial corporations.
. What the Flgnres Show,
It was a reasonable inference furnished
hir th. nfflclsl retiort of the sale In 1921
of municipal and other nontaxabl aecurl
tlea, that men of wealth aa well aa othera
whose poaseasions ar not large have been
transferring much of their possessions
from taxable to nontaxable securities, ui
municipal bonda alone aomewhat In excess
of 11,300,000,000 were absorbed by the
public In 1821. State bonds were also ob
aorbed in proportionately large amounts,
hut aa there are only 48 atates and hun
dreds ot municipalities, it waa Inevitable
that the aggregate of auch municipalities
should be much lurger, although relative
Iv speaking, not any larger, than the
offerings of the states.
t,. ri.m.nH for municioal bonds con
tinues, and this Is shown by the fact
that the pricea advanced 1n February,
not much It 1 true, but sufficiently to
nrova the demand. Mr. Schlff'a confi
dence in the future of the American ralh
-n.,u end hi. hniief that ultimately re
strlctive leglalatlon will be modified caused
him to favor railroad bonds for much
of th taxable investments which he
made. He did not live long enough to
gain the recent evidence that this con
firienre waa tustlfied. Now the railroads
of the United States are able to finance
some ot their oongationa upon .lairiy m
Torable terms. A year ago the railroada
were compelled to pay as much aa 7 per
rent for loans, but since January 1 of
this var some railroad issues have been
offered at a little over the 5 per cent
btisla nnd nimt at a little over per centt
Mr. Schlff'a liilerest In the railroads and
his confidence that ultimately they would
stand upon a firm basis were not recent
dcmonMrat'ons. He it was who warmly
favored and aided James J. Hill in the
ireat Northern railroad enterprise. To
him E. H. Harriman came with success
when he was In need of millions tor the
Union Pacific and at a time when money
ronditions wni unfavorable, Mr. Sehlff
through his t-anking houses aided In fi
nancing the reeds of the Pennsylvania
company and also H. H. Rogers who had
Individually undertaken the construction
of a now completed railroad from the
coal reglona to tne seaooara at ronoiK.
New York Cotton.
New York, March 11'. Cotton futures
wer generally steady and quiet today un
der weak and professional evening up.
Th scattered short covering that de
veloped with tha outset was due mainly
to the Influence of the continued wet
and cold weather in the eastern belt,
which wai regarded aa unfavorable lor
best crop preparations.
The Hat was t to polnta net higher
at the opening, Liverpool Interests and
local shorts being numbered among the
pit buyers on the call. New Orleana and
room longs were sellers, while Wall street
traded both ways. Steadiness was the
r.nly feature after the rail. Prices slipped
off to about on a level with last night'a
rlose and som of the later options
dropped a few points under.
Spot unchanged, IS.fSc for middling
upland.
Southern spot markets were: Gal
veston. 17.80c, unchanged: New Orleans,
11.00c. unchanged; Savannah. 17.63c. un
changed: Augusta. 17.26c. 1J points de
cline; Memphis, 17.60c, unchanged; Hous
ton. 17.85c. unchanged; Little Bock,
17.00c, unchanged.
?4 hour., e.iillng at i p. m.. March 11,
IV J.
RKtKIITfl ,AltH.
t attle !(,.. Hh'p If M
v. fa-, ny .a s ,
I'lilmi lu:t,i- li. It. .. 11
'. aV N. , lt eal ,,
N. W. Ity . int.. ;;4
Kt. P.. M f
't 1 14
HCt. . . I ,
i".. it. ft i. n..
C, It. I. at V.
Total rcre:iN .... 4 73
1 I S I'l IS IT lu N 1 1 K A D.
tail I Hurt
Armour a ro l ' 1 4
('udaliv parking Co l.'iP
hold Packing ii 43
Mnrrl Parking Co
Paift tr in 7
J. v. Murphy
Hwarix 4z Co
Other buyers
Sheep
4
1.1
wr.
4
Total
...ii
TOtS
Tfew Tork Coffer.
New York. March 11. Earlier tn
advances wer followed by slight reac
tions in th market for coffee futures
her today. Th opening waa ( points
lower but there was only a little scatter
ing liquidation for over the week-end and
after selling off to S 6c at the start, De
cember rallied to .03c Other months
held about steady around th opening
figures, with the market closing at a net
decline of 2 to 4 points. Sales were es
timated at about 11.000 bags. Closing
quotations: March, S.SOc: May, 4.19c:
July, I. lie; September. 4.43c; October,
8.96c; December, t.OOc.
Spot Coffee Quiet; Rio 7f, 4i to IHc;
Santo la, to 13 He
Tarpeatlne and Koain.
Savannah. Ga.. March 11. Turpentine
Firm. 40Hr: sales. 11 harrels: receipts.
If barrsla; shipments, 19 barrels; stock,
S4.474.
Rosin Steady, sales, 3fi4 casks; re
ceipts, 94 casks; shipments, ! casks;
stork, 4S.044 rasks.
Jut: B. I. E. F. G. 14.00: H. 41 00
4 iH; T, 44 06: K. 44 :s4.30: M. 4.4;
N. 16.34; WG, 15.76; WW, 14.04.
Cottle Kerclpla, 150 head. Not enough
rattl writ her to test valuca today, -and
It was the usual nominal raturuav mur
k.t on all classes. In view of the fa
that the wk'a receipt of 31. MO head
ar th largest of th winter, fat rattle
have held up well. ic.t bevra are strong
er for tha week, and while plain and
medium kinds ar barely steady there has
heen no nuotahie rnango in either direc
tion. Cowa and heifers re steady to J5c
higher, while atnck.rs and feeders are
closing mostly 25r lower and very dull
New tops of 4X.7S on steers, 47. SO on
heifers and .6 on prim cow were
mad during th week.
Quotations on cattle: Good to choice
beeves. 67.s6ef8.76: fair to good beeves.
$7.O04jr7.76: common to fair beeves, 4S.60e
7.00; good to choice yearlings, s 0f
.oo: fair to good yearlings, 4v.nnfl7.45
common to fair yearlings. 4.5Oa7.O0
good to cholc heifers. 40.7597.60; fair
to good heifers, 45.504.76; cholc to
prime cows, 44.154.85; good to choice
cowa. lo.oiirr o.iu: lair to good rows, n.i&
11b.il): common to rsir cows, 12.75e24.50
good to cholc feeders. 47 007.SO; fair
to good feeders, 80.257.00; common to
fair feeders, 45.764Ji6.25: good to choice
Blockers. 81.007.85; fair to good stock
era, 46.60fi7.25; common to fair stock
era, 44. 0066.60: stock heifer., 44.6004.25;
stock cows, 44.265.60; stock calves, 45.50
Pf.iti; veal caivea. td.6Uffs.bu; DUI1S,
stairs, etc.. 83.405.25.
Hogs Receipts. 4,900 heed. The xnsr
ket while slow to open Saturday was
fairly active later, about steady with
Friday's close or 1625n lower than the
general market. Light hogs sold mostly
from 410.I0fjP10. 20. with a top price of
610.35 paid for one load. Mixed loads and
butcher weights sold mostly from 4.u(a
10.10. packing grades. 49. 009.76 and ex,
treme heavies. 48.60R9.00. Bulk of sales
was 49.9010.15. Prices at this week's
close are 63 73c below the closs last
week.
No. Av. Sh. Pr. No. Av. Sh. Pr.
49. .353 140 9 25 60. .268 70 80
60. .830 ... 9 90 65. .265 140 9 '95
63. .294 ... 10 00 80. .242 ... 30 05
64. .230 ... 10 10 76. .223 70 10 15
80. .214 80 10 20 73. .223 ... 10 25
107.. 162 ... 10 30 B0. .192 40 10 35
Sheep Receipts, none. Fat lambs have
been in lair demand all week and wni e
aeveral days registered declines " those
were promptly regained with prices at
th close showing an advance of Z3Mbc
over last week. Ton pric at the cloae was
$15.25. Feeders and shearing lambs have
been mostly ateatly and aheep steaay to
strong with an advance of Z6vpoc, pest
light ewes selling at 49.OU.
Quotations on sheep nnd lambs: Fat
lamb, good to choice. $14.7616 25: fat
lambs, fair to good, $14.6014.76; feeder
lambs, good to choice, $13.5ll14.00; cull
ambs. (io.oora12.oo: fat yearlings, iignt,
412.601913.00: fat ycsrlings, heavy, $9.50
10.60: fat wethera. 47.75(B9 60: fat ewes.
light. $8.009.00; fat ewes, heavy, $6.00
Chicago lAvt Stock.
Chicago, March 11. Cattle Receipts,
600 head: eomparaed with weeK ago,
beef steers, steady to 15c higher, strictly
good and choice grades showing the ad
vance: extreme too for week. 49.40: sne-
stock, !5 to 40c higher with fat cows
and heifers up most; bulls steady: light
vealers, unevenly lower, mostly 60c off;
atockers and feeders mostly 10 to loc
higher: common and medium grades slow.
Hogs Receipts. 7.000 head: lights. 10
to 15c lower, others steady to 16o lower
than Fridav'a average: better grades
fairly active; heavy mixed, slow; shippers
bought about 1.000: noiaover moaeraieiy
light: bulk, $10.EO11.00; pigs, about
steady; bulk desirable, 100 to 126
pounders. 49.269.50; with stronger
weights up to 410.24.
Sheep Receipts, 6.000 head; today's re
ceipts, practically all packers direct. Com
pared with week ago. best handy weight
fat lambs and shearing lambs about
steady: yearlings and weighty lambs,
atea ydto 25o higher; matured sheep,
mostly 60c up.
Sioux City LIt Stock.
Sioux City. Ia March 11. Cattle Re
ceipts, 200 head: market steady, com
pared to week ago, butcher atock, steady;
fed steers, wealc to 25c lower; atockers
and feeders, steady; fed steers ana year
lings, 47.258.75: warmed-up steers and
vearllngs. 45.00?'7.00: fat cows and
heifers, J4.60,.50; ranners, $2.6004.25;
veals. $5.00fii9.00: feeders, 4a.0Sg7.6";
calves. 44.50(97.60; feeding cows ' and
heifers. 43.60S.00; atockers. h.uuib i.io.
xr. p.int. 3.600 head: market
steady, 16c lower: butchers, 49.90 010 20;
lights, 410.I&Jlu.S!i: mix"a nun,
9.86: heavy packers. $9.009.26.
sk..nBec-lnt .100 head: market
tadv: bulk of sales. $9.9010.:0; west
ern lambs, 15.25.
Kansas Cllr Livestock.
Kansas City. March 11. Cattle Re.
ceipte. 450 head; for week Killing caives
mostly $1 lower; atock mostly 60c lower;
all other classes very uneven, but mostly
steady! top beef steers, $8.0.
Hogs Receipts, 1,200 head: market
very uneven, around ateady with yester
day's market; no "shippers buying; top,
410.65: bulk of sales, 44.JSei0.5O: bulk
weightier mixed loads. 410.OOSS10.40;
throwout sows, mostly ss.vu; siaca pisa
for week, mostly 76c4 51.00 lower,
sheen R.r.ints. 1.600 head: today' re
ceipts direct to packers and on through
billings; for week, sneep auqiiee mgner:
lambs, ateady to 15c higher; top, $16.60;
feeding lambs. 25 60c lower.
St. Txul Livestock.
East St. Louis, HI., March 11. Cattle
Receipts. 300; compared to week ago,
beef ateers, yeamnge, oeei cows, ouus
and stockera and feeders mostly 25e
higher: canners and veal calves steady.
Hogs Receipts, 4.600: opened steaay ro
10 lower; later market dull, mostly 2oc
lower: top, $11.00: bulk. 160 to 260-pound
averages, 410.T6tfii.oo; paeaer
steady: bulk, $9.50; pigs, steady.
Sheep Receipts, 600; compared to weea
ago. sheep and lamb mostly 25 ta 60c
lower.
St, Joseph Uveatoek.
St. Joseph. Mo.. Msrch 1L Cattle-
Receipts, none: market nominal; steers.
47.0004.75: rows and heifers, $4,250
$.25: calves. $5.50ff4.00.
Hogs Receipts. 1.300 neaa; maraei
about steady; top, $10.40; bulk, $14.3511
14.55.
Sheep ana I.ambs Reretpts, 7,000 naa;
market nominal; lambs, 414.60ffli.2i;
ewes, $4.0094.76.
Omaha, March II.
Lower LiverKwl cabin were re
sponsible for a break in the initial
trailing of the Chicago future mar
ket. After this lower range in the
rirlv Iriilini nri.-ca rallinl nil htiv.
ing by commission homes and co'v- Southern Coal Mine Owners
criug of short on account ot an ex- Ifn!jl, Prntwienl of Serri.
i-ei-ted coo.1 decrease in the wheat roposai Of secre-
vis-ibtc on Monday. The bulges did
not hold, each advance meeting with
sfllinii which was hard to trace. At
the clue prices generally are about
unchanged to a nhatlc higher than
ve.tcrdav
Kccript of wheat in the Omaha
market were 28 car; of corn, 61 cars:
Wage Conference
tary Davis for Joint
Meeting.
Ity the .MHrlatel I'resa.
Cohimlms, March 12 Southern
Ohio coal miner declined the
Citizens of Town in
Northern Minnesota
Without Mail 22 Days
i( vit.t 1 1 rart. Tola! receinia of all request of Secretary of Labor
kinds, 107 cars, as compared with Davis to meet with miners in joint
148 cars last yenr. ohiyincnts to I cnt!trottcp In arrant?? a watr scale
taico Ii cars, against yo car, - yw , . . ..,..;... ficl(,
There was a good ilemand for cah "The operators of southern Ohio
erain on the floor today, tasli wiicat imn. puic in sum
?t,i i i.iohnrr rnrti went at eiicc," a reply to Secretary Davis
ll'c to 2c up; oats were lie tc requesting the meeting said,
up"; rye was 3c up. while barley was "but they will meet with the rcpre
unchaiigcd. scntatives of the mine workers of
WHEAT. litis aisirici at any tune to uiscuas
No. l hard winter: I cars, $i.:s; i ear. a wajje scale and working conditions
"St- , .,,.,. . cr. 41.27; l car. that are fair to the miners and opera-
41.26: I car. $l.!5i: 1 rar. (64 per cent tors "Ot SOlltnem UttlO, Wlin tne un-
No. a hard Winter: I car. ,,., i vvuuiu liui uiaiuas m. vnwi-v...
Ilk i.er cent damaged). $1.2214; 1 ear, Tt,. l.... florin rc that thu ores
""i'v.'rV'winter: l car (smutty), ent demands of the miners have been
$1.24; l rar. 'anjutty), $i2i. rejected by every interstate confer-
No J yellow hard. 6 eara. $123. ence ill the last three years.sjatio tnat
No. $ spring: i car (smutty nonnern,, the Tjnlte(i j,f ,ne Workers ot America
no j mixed: l car. $t.ii. "have violated every agreement made
No. mixed: 1 car. $1.26 spring. k them -ince 14515."
no. 4 spring: i car.si.ii. Following their failures to obtain a
i- 1 -hit.. 1 car. 63c: l car. S3'e; ioint wane conference, the United
1 car i"bn'r'.w'lsnt".;"j4J;r. S3te- Mine Workers announced that unless
t cars (shippers' weights). 6414c; 1 car a new central competitive held wage
(not billed), esc. scale was lomiiuatea Dy pni 1, it
t?.V,"l: : ''L-ij;." miners vvou d susnend work at that
rn . vc... . .... I -
No. 2 yellow: 1 ears (shippers weigmsj, .
53c: 7 cars, djc. . .
V a v.ilow: S cars. 52c; 1 cars, S3c;
1 car (special billing). 63c. II ry 1
NO. Z mixen: m "... I IIIHIK IHI
j 1 m w.rt i ear. dimv. 1 - - -
N r. 6 mixed: 1 car. 6014c,
No. white: 2 car.. 84V,c; 1 car. a HTKr. Vfrr - IftK tUt ttaM.
No, 4 white: 1 cara, im. W4J, ,w
No. J: 1 car (special billing), S4ttc; 2 By ALEXANDER DANA NOYES,
cars. 94c. ... . Omaha Be Leased Wire.
barley. New York, March 12. Nothing
No. s: 1 car. 6ic; i cr, 69c. could have been more natural, in the
'shipments, usual logic of the markets, than the
tact that the past week snouia nave
Year I, . ..:j c .: Tl.
Ago. utcii a iiciiuu ui icm-uvu. nc uy-
8 ward sweep ot values, in toreign ex-
change and grain especially, had not
. only been spectacular, Dut naa Deen
1 urged forward lone; after experienced
si men in both branches of trade were
J; shaking their hears over the unin
2 terruotea advance.
1 There were oerfectlv sound rea-
primart aEirrs -jy BiurjiMiio. ,on8 or a reat enhancement ot val
nuontw.) . .. L..U t.... D.:... ......
jr. Ago. ucs lu uuiu iiiaiKcis. iiiw wcit
- largely, governed by appraisal of
i "j.v -t. :.. .1
640,000 actual sun untune, tnaii)$iii)$ as muse
I nrtn A ittrtne rhanorul nr ac the rhanups
Clfl 000 ... o
u.v,vuu 1 I 1 , , 1 I .
966,000 wnicn naa aircauy otcuircu were uis
479,000 covered by the markets,
But every market which shows a
Duluth. Minn... March 14. Be
cause of the inability of mail trucks
to break through the only road along
the north shore of Lake Superior,
200 citizens of Beaver Bay, in the ex.
treme northeast portion of Minneso
ta, have been without mail for 22 days
according to a communication from a
member of the town board, by the
Duluth postmaster.
The route serving thi region is
known as the longest star mail route
in the United States. It extends 110
miles north from Duluth. Ma;l
trucks serving this territory have
been seriously hampered during the
winter because of a scries of severe
snowstorms which left the roads
blocked to vehicular traffic for weeks
at a time. Efforts to retain a broken
schedule by dog team have met
with little success. ,
House Fails to Dispose of
Agricultural Budget BL
Washinctoii. March 12. The
house failed to dispose of the agri
cultural appropriation bill and
final vote on the measure went
over until next week. During the
day amendments were adopted In
crcasin? the amounts for enforce
ment of the cotton future act from
$146,540 to $175,000 and the ap
r.rooriation for protection for rein
deer and fur-hearing animals in
Alaska from $46,500 to $61,000.
51
rV e-uV
.EEPY-TIME TALE
). 4M4J 4U
THE TALE OF
M-ASTER
MEADOW
SE
orunn rrrT1 Bin rf
I . jfa '" "i-niin -u.iji i nan r i
with him. When he happened to go
into the orchard one day, later, and
saw tree alter tree ruined, he va
very, very much diiplrased.
"I ought to have put wire netting
around thnse young trees." he told
his hired man. "Tins i what cornea
of a hard winter."
('oprlhl, !:!
CHAPTER XX.
Eating a Tree.
As Simon Screechcr remarked to
his cousin, Solomon Owl, it wa a
hard winter. The snow was deep.
The days were cold. And the night
Detected Prowler Calls
Dog 'Lookout'; Flees
Omaha Produce
OMAHA RECEIPTS AND
(UAltWIO.)
Receipts-
Wheat
Corn
Oats
Rye
Barley
Shipments-
Wheat
Corn
Oats
Rye
Barley
Today.
... 2S
... l
... 11
... S
...
...50
... 80
Week
Ago
29
95
18
4
34
83
16
1
1
Wit. Ago.
868.000
1.564,000
546,000
Heceinls i Today.
Wheat 715,000
Corn 1.411,000
Oats 556,000
Shipments-
Wheat 641,000 431,000
Corn 1,009,000 1,000,000
Oats ....... 663,000 605,000
EXPORT CLEARANCES
twsneis J noiy. ir, Ago, .. ,. . . , . . , ,
Wheat and flour.... 279.000 119,000 distinct movement is surrounaea uy
Corn 136,000 131,000 an armv of speculators whose effort
CHICAGO RECEIPTS. . . :a ntp advantage nf the shift
48 in values and only half of the work
2H of the successful speculator is per
formed when he buys at what he
us thinks is an unwarrantably low price
JJJ The operation will not be completed
until he sells at what he considers
65 cither a fair appraisal of existing
: conditions, or an exaggerated ap
" : i -r t. j:,: t... .
pidisai VI J5llt.ll -uiiuiiilmi: uy tut
Carlots Today,
Wheat 23
Corn 210
Oats ' 113
Wk. Ago. Tr. Ago.
. 87
29S
94
KANSAS CITY RECEIPTS.
Wheat 125 34
Corn 85 98
Oats 1 11
ST. LOUTS RECEIPTS.
Wheat 4 so
Corn 83 60
Oats 99 30
tnrriTitifr-eirriisn . tt ' ur Ti UrPPTDTO
Minneapolis 237 325 239 tual buyers.
Duluth 131 4o js Sales True Teats,
Winnipeg to- -. .i . nd no, ni. SDecuia
live purchases are the true test of the
markets character, wnen ne sola sier
llnv nf S4 in M.v of 1921. or wheat at
By Updike Grain Co. DO. 2627. March 11. $1.35 in the rise of last autumn, It was
soon apparent tnat tne preceding rise naa
been occasioned much more by speculative
CHICAGO CLOSING PRICES.
Art. I Open. High. Low. Close. Yeat,
Wht.
May l.SSU 1,3754
1.35?;
July 1.17 1.1814 1.16
i.i7i
May 1.0614 1.0"?i 1.06V4
1.0614
July .95 .9514 .9o
Corn
May .63 .6314 .6
.62H
July .661, .6614 .6614
.651; .6614
Oats
May .3914 .39 .314
July '"'.ii" "Ui"
Pork " . I
May 20.00 20.00 20.09
Lard . I
May 11.37 11.43 11. IS
July 11.62 11.63 11.45
Ribs
May 10.90 10.90 20.8o 1
July 10.60 10.60 10 60 I
1.3714
1.3714
1.174
1.17
1.07
".9614
.63
.63 '4
661s
.66
.39'j
.39.
.4114
huvlni- than bv actual DUrchases for the
1-S7 trade
1,3614 Tha consequerico then was that the ster-
l.is ling rate and tne once or wneat stmpiy
1.17 '4 crumbled when the stampede of specu
lators to reallM had got rainy unaer
1.0614 way. The present foreign exchange
mancet ana tne present grain marnei are
lacing the same test. Tney nave tnus
far endured it well. The decline of 914
.3H
.6214
.6514
.391
.4l4
.4114
120.00
1!.!S
11.45
10.85
Sents In ateriing will properly be con
idered In the light of the 27-cent rise
in the rate since the early weeks of
January' and the 89-cent rise since last
summer. Last week's reaction in the
wheat and corn markets did not bring
prices much below the highest level of
last autumn. Whether the test is as
yet complete or not, naturally remains to
be sjun
Tho course of events In the market
for Investment bonds has been more ex
traordinary; it certainly does not seem
the less so now that we are beginning
to understand the extent to which the
London market rushed into the same whirl
of excited buying on the rise. In both
th Kuropean market and our own, the
rise in prices of high-grade investment
bonds has been so great that observers
began to grow as skeptical as they did
a week ago over the rise in sterling and
wheat and corn.
cw Position In Bonds.
In th. hnnrl market, however, an ele-
barley,
ment existed which created a position
different from that which had arisen In
the others. Buyers of foreign exchange
had fixed their bids on calculation of
what price reasonably measured certain
known conditions. Buyers of wheat were
20.00
11.40
11.62
10.90
10.65
Minneapolis Grain.
xr.nn.annH. Minn.. March 11 Wheat
eceipts. 237 cars compared witn Jc cars
year ago. uasn iso. 1 normem,
1.4914; May. $1.4014; July. $1.11.
corn Io. a yeiiow, pivo.,;.
Oats No. 3 white, 83 4 34 14
Sl62c.
Rye so. 2, siVjssssm.
Flax No. 1, $2.68i;e2.6214.
St. Loot Grain.
St. Louis. March 11. Wheat May, reckoning on what would be the relation
$1.32'4; July, $1.13.
Corn Msy, 6H4c; July, 4486414.
Oats May, 394c; July, 41 He
Kansas City Grain,
Kansas Cltv. Mo.. March 11. Wheat
W.v 11 2SU ? .Tiilv II tOUl S.ntember. 1 01 '
iimu 'broker
of supply to demand toward the end of
the season nut tne Dioaers ior invest
ment bonds have been coming Into a
market whosn values had been fixed, not
by imagination or expectation, but by
th actual taking away irom tne market
cf bonds previously In the hands or
underwriters. j nese were
locked up In Individual safe deposit
vaults, not necessarily for subsequent re
sale, but aa a source of personal Income.
Furnished by stat of Nebraska, d'
partment of agriculture, bureau of mar
ket and marketing:
I.IV POULTRY.
Wholeaal Wholesal
Buying Pr. Selling Pr.
Stag $0.13(10.20 $0.20$0.25
Springs 19 -.2S .ZbW
Hens (light) 22 .26
Hens (heavy) 23 (gt .24
Cocks 12 .16
Duck 18 .22
Geese 12 .IS
DRESSED POULTRY.
26
.25 .26
.26 .27
.16 .20
.23 .25
.15 .20
Stags .,
Springs ...
Hens
Cocks . . .
Ducks ....
Oeese
Turkeys . .
Select ....
No. 1
No. 2
Cracks ....
Case count.
.26
.26
.28
.18
.26 9
.20
.30 .45
.33
EGOS.
.2(9
.22
.22
.20
.21
.34
.32 .37
.24 .26
.20 .22
Minneapolis Flour.
Minneapolis. Minn.. March 11 Flour in nth.r wnrrt. tha enlarged demand from
Unchanged. I the investor happened along with an
- actual decrease of available supply, ex-
Culrago Potatoes. cept insofar a new securities should be
Chicago. March 11. Potatoes steady nrovWed.
on Russets, weak on other stocks; re- Such sctlon of the market for hlgn-
celpts. 68 cars: total United States ship- I grade Investment bonds is not at all.un
ments. 797 cars: Wisconsin round whites, I familiar In the later stages of economic
sacked. 4i.s6frl.75 cwt.; bulk. 41.7.CJ1.V0 depression and th earlier stages of grad-
cwt. : Minnesota round whites, sacked, j Ual economic recover'. It appearance
81.50fM.70 cwt.; Idaho rounds, sacked, I on such occasions Is some times de
41.7OS1.70 ewt: sacked Russets, 41.754
Z.u cwt., out mostly around 41.19.
Kansas City Produce.
Kansas City, March. 11. Eggs 14 81c
higher: firsts. 2tc.
Butter Unchanged.
Poultry Unchang
scribed ss meaning th rush of capital
into secure loans at an hour when capi
tal Is doubtful of Industrtsl prospects,
or when industrial enterprlces provide
insdequate. opportunity for Its use. Some
times the movement is explained merely
a. the rl.e la prices for fixed-revenus
investments.
. 6.00 6.2S
BUTTER.
Creamery, prints
Creamery, tub
Country, best 20
Country, common ,17
Butter Fat, s. rr. .37
HAT
Prairie No. 1 upland $10.6011.00
No. 2 upland 8. 60 10.04
No. S upland 7.00 8.00
No. 1 midland 10.0010.60
No. 2 midland 8.60 S.60
No. $ midland 7.00 8.00
No. 1 lowland 8.00 9.00
No. 2 lowland 8.00 S.O0
Alfalfa, choice 18.50019.60
No. 1 16.6018.60
Standard 14.0016.OO
No. 2 lf.SO 13.00
No. 8 10.004ill.00
Oat straw 4.00 S.OO
Wheat straw 7.00 8.00
FRUITS AND VEGETABLES.
Fruits Bananas, 714 8o lb. Oranges,
size 216 and larger, $6.257.00; size 250,
ib.Z5 8D8.7o; size 288, 6.006.50; size 324,
15.7686.26. Florida Tangerines, per box.
$4.00. Lemons, $5.507.60 box. Grape
fruit. Ji.606.00 crate. Apples, according
to grade and size, Delicious, $3.505.00;
Rome Beauties. $3.0003.50; Stamen Wine-
sap, $3.603.76: Common Wlnesap, 43.000
4.25; Spitzenburg, $3.254.00: Black Twig,
$3.00; Arkansas Blacks, $ 2.86 4.00 ; Ben
Davis, $3.00; Newton Pippins. $3.00.
Strawberries, 60c qt. Figs, California, 24
pkgs. 8 oz., $2.25; 12 pkgs. 10 oz., $1.50.
Dates, Dromedary, 36 pkgs., $6.76 box;
Halldwli, 1416 lb.; Excelsior, 36 pkgs.,
$3.00.
Vegetables Potatoes, per cwt.: Nebras
ka Early Ohio No. 1, $2.002.15; Ne
braska Irish Cobblers, $2.002.15; Colo
rado and Idaho Whites, $2.252.50; Red
River Ohio No. 1. $2.252.50; Oregon
Netted Gems, $2.662.76. Sweet Potatoes,
$1.602.60 per bu.. Celery, $1.602.00 per
doz. Lettuce, Head, $6.006.25 crate;
Leaf, 6675c per doz. Onions, Red, 9c
per lb.: Yellow. 9c per lb. Cauliflower.
$2.60 crate. Cucumbers, hot house, $3.00
3.76 per doz. Carrots. 243c per lb.
Turnips, 3c per lb. Farnsips, 3314c per
lb. Beets. 2 14 3c per lb. Cabbage, New
Texas. 3 4c per lb. Tomatoes. 60c crate.
Young Southern Radishes, .651.0O per
doz. Young Southern Carrots, i801.10
per doz. Young Southern Beets, .90
1.10 per doz. Young Southern Onion
90c per doz. Brussells Sprouts, 85c per lb.
Shallots, 65 70c per doz. Green Peppers,
30 35c per lb. Parsley, 45 75c per doz.
bunches.
Nuts Black Walnuts. 6e lb. English
Walnuts, 30 35c lb. Brazil Nuts, large,
washed, 1618c lb; Brazil, medium, 14
16c lb. Pecans, large, 2230c lb. Al
monds, S8ck lots, 2Sc lb. Peanuts: Jumbo,
raw, ll12o lb.; Jumbo, roasted. 1415c
b. : No. raw, 814 9c lb; No. 1 roasted.
11 13c lb.
Honey In comb, $3.75 6.00 ease.
HIDES AND WOOL.
Beef hides: Green salted. No. 1 flat
take off), per lb., 66c; green salted.
No. 2 (late take off), per lb., 46c: green
hides. No. 1 Hate take off), per lb., 3
4c; green hides. No. 2 (late take off),
per lb.. 23c: green salted (old stock), per
lb., 24o; green salted bull hides. No. 1,
per lb., 3c; green salted bull bides. No. 2,
per io .c
Horse hides: Larsre. .acb s? SO. t,..
dium. each. $2.00: small, each. $1.60; pony
u BIUCS, .Cfy .1.111.
oneeD pelts: Green s.U.il. n .1.
and wool, each, 50c41.00: shearllnrs.
Kiwn saiiea. as to six ani wnni ...h
-V .UK. .
Wool Cholc fin. ani U. hlAA
lb., 2025c: medium or 44 blood, per lb,
1821c: low and 14 blood per lb., 16
17c: burry wool, per lb.. 8c
W holesale prices of beef cuts sre as
follows: No. 1 ribs, 26c; No. ribs 23c;
No. 8 ribs. 19c; No. 1 loins. 27c; No. 2
loins, 25c; No. 8 loins, 81c; No. 1 rounds,
14c; No. 2 rounds, 17c; No. $ rounds,
1414c: No. 1 chucks, 1014c; No. t chucks.
10c; No. 2 chucks, 814c; No. 1 Plates,
4c; No. 2 Plates, 6c; No. $ plates. 4c
"r i.r
90
A home prowler ued a dog a a
"lookout" Saturday night, according
to police. .
Tolice said that the prowler, who
attempted to rob the home of John
Lihal. 1.126 South Eighth ureet,
yelled for hi dog as he ran from
the yard of the house and that the
dog joined the prowler in the escape.
The prowler was surprised by
John David, 17, a Commerce High
school pupil, who reside at the Libal
home. , .
Owner of Grocery
and Bandit Figlit
Duel With Pistols
South Omaha KrUilV r Crma-li-ri
Br hind flour ltrrt 1
ml Ojf m FiV't Gun.
man Kuuted.
Anlone Saviiti, a giorer at 2'i.M 7.
street, ioujh a feuilvtr durl jiiii.
day until with a lone unnu.krd bail'
dn ho had hun 0en hn smre on the
prrirnve of bujin, mine meat.
Window paurt ihanerrd and !"
rs and ran rrahrd to the floor a
the to mm stumbled about in the
dimly'lighted stoie.
Willi only one cartridge left in lii
gun Savich said he uunruvrrcd to
tht front door and ran out, jelling
lor help,
Bandit Appear to Limp.
The bandit, teeing Savuh nuke
hit exit, ran out aUo and avuh nrrd
bit lat car ir nine. According to the
grocer the man appeared to lunp,
but kept running, disappearing in an
alley.
"1 had closed my store when
someone rapped on the door aul
when I akrd who it was, be loll,
me hr wanted to buy ome ntrat and
begged tne to let bun in a he had
no melt for Sunday.
Atked for Sausage.
"I was not afraid at I had a gur
handy in my pocket. I opened the
door and at he entered he akrd ii
tome sausage. When I turned my
back to him he ordered me to throw
up my hands. 1 turned tnddenly
around, gun in band, and tired at
him. Tlu-n I durked behind a iloui
barrel and the gun battle wa on. I
believe I hit him with the last nhot."
Savich said that he has expected tc
be held up and ilatmed for the oc
casion. Upward cl $I.SOO,000 is spent each
week in New York City for taxi
rides.
South Side Brevities
ORIENT COAL? CERTAINLY. MA. 007.
80UTH OMAHA ICE CO.
A. W'. Jones Co., Insurance of all kinds;
fir and tornado; real estate exchange.
When In the market call MA. 406! and
order a ton of our Market lump coal at
$10.54. It's a' good value. A. 1 Bergquist
A Son Advertisement.
Kt caught bis cousin by f4 tail
and held on firmly,
were colder. And worst of all, food
became scarce. It seemed as if there
wasn't a thing to eat anywhere ex
cept at the iarm buildings, which
Farmer Green had stuffed full of
hay and grain during the summer
and autumn. Many of the forest folk
stole down from Blue Mountain aft
er nightfall and visited the farmyard
in the hope of getting a bite of some
thing or other. . -
Even Master Meadow Mouse be
gan to find it harder and harder to
get enough seeds under the snow to
satisfy his hunger. He had stored
away a stock of food. But it had-
not been big enough. And that was
great mistake. Master Meadow
Mouse promised himself that he
would not repeat it another timei
Unfortunately, all the promises in
the world wouldn't give him a square
meal when he needed one.
At last he went to one of his cous
ins who had already spent one win
ter in the meadow.
This is my first winter. Master
Meadow Mouse explained. "I'm run
ning short of food, And I wish you
would tell me what to do in such a
case."
"That's easy," his cousin ans
wered. "Get more." And then he hur
ried away, for he had important!
business to attend to.
Poor Master Meadow Mouse ran
after him. It was hard to follow his
cousin through the winding galler
ies beneath the snow. Several times
Master Meadow Mouse took , the
wrong turn and had to retrace his
steps. But at last he found his busy
cousin again.
You advised me .to get more
food," said Master Meadow Mouse,
"But you didn't tell me where to
get it.
In the orchard, his cousin cried,
And then he hurried away again.
' I wish he d wait a moment, Mas
tcr Meadow Mouse grumbled as he
tore after his cousin once more.
don't feel like running. I haven't had
hearty meal for days.
The cousin seemed surprised when
Alaster Meadow Mouse overtook him
in about a quarter of an hour.
What! that busy gentleman ex
claimed. "Have j'ou been to the or-
hard and back so soon?
"No!" said Master Meadow Mouse.
I've been chasing you. I want you
to tell me what 111 find to eat when
go to the orchard."
"That's easy," his cousin replied.
Trees!" Having said these three
words, he -dashed off again even fast
er than before.
"Trees!" Master Meadow Mouse
echoed. "I can't eat trees. I've never
eaten a tree in all my. life. There
must be something that my cousin
forgot to explain. So I suppose I'll
ave to run after him again and ask
im what he meant.
The fourth time that Master Mea
dow Mouse found his cousin he took
no chances. He caught his cousin by
is tail and held on firmly.
You re not going to get away
from me again till I've found out
hat I want to know, he declared.
"How can I pat a tree?" Master Mea
dow Mouse demanded.
"You can't," his cousin replied,
struggling desperately to free him
self, for he was too busy to stop
long.
"Then explain what 3-ou mean I"
Master Meadow Mouse cried.
"Eat the bark," his cousin ans
wered. Then and not till then Master
Meadow Mouse let him go.
Master Meadow Mouse chased his
cousin no more, but hurried away
to Farmer Green's orchard, where
he gnawed a ring all the way around
one of the young fruit trees, at the
top of the snow. It was the first big
meal he had enjoyed for weeks. And
he went- home feeling that the win
ter wan not so hard as he had thought
alter all.
But Farmer Green didn't agree ,
RAISE BIG CAPITAL!
your nrasoat businosi require) additional capital
you ar preparing to erfinig) a NEW company
yon with le toll oil loasM ar reyaltioa
you want ta 111 atock, bonds, or other 4curiti4 4
you Inland raiting nonty for ANY lafitimata com.
mercial or induitrial enUrpris that offar tquaro
daal to investors,
Send for FREE copy of my book
"Quick Financing"
You will find "Quick Financing" interesting, and full
of helpful suggestions for business executives It out
lines the principles of & Plan for Raiting Capital that'
many have followed with unusual acknowledged suc
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Method to FINANCE YOUR BUSINESS AT A VERY
LOW COST.
One Executive? WriUet
"By your plan we have sold over 1,000,000 share of our
stock, and we are going ahead rapidly toBIG SUCCESS."
Another Says:
and one of the companies which I started has aold
' 600,000 shares of atock by your plan."
Still Another:
"Your plan, which has brought me such astounding suc
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JAS. J. JEFFRIES, EX-CHAMPION OF THE WORLD,
recently put my plan into (operation, to finance a big in-
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HE says: "To say that I am pleased with your service
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and you will receive dozen of OTHER proofs that
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M One V 's a'wavs available for the financing of meriton-
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people in the RIGHT WAY.
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Mv Plan givM tnat ervce
pfipliintlir onA s.snnnniii11ir
Simply say "Send ma 'Quick Financing.' "
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follow at once.
CUNNINGHAM, Financial Specialist
659 San Fernando Building, Lot Angeles
J
Updike Grain Company
OPERATING a large, up-to-date Ter
minal Elevator in the Omaha Mar
ket, is in a position to handle your
shipments in the best possible manner
i. e., cleaning, transferring, storing, etc.
-MEMBERS.
Chicago Board of Trade
Milwaukee Chamber . of
Commerce
Minneapolis Chamber of
Commerce
St Louis Merchants Ex
change Kansas City Board of
Trade
Sioux City Board of Trade
Omaha Grain Exchange
OFFICES AT
OMAHA, NEB.
LINCOLN, NEB.
HASTINGS, NEB.
CHICAGO, ILL.
SIOUX CITY. IA.
H0LDR2GE, NEB.
GENEVA, NEB.
DES MOINES. IA.
MILWAUKEE. WIS.
HAMBURG, IA.
KANSAS CITY, MO.
AU of taM offices jct Kan us City and Milwauke
ar ceanected with each other private wires. It will
par too ta gt In tench with a ! our ofllc when
wanting to BUY or SCl. uy khf '( grain. W. llcit
rear CMsIgnmmt ot all kinds ( train to Omaha.
Chicago, Milwaukee, Kaaa Cltf sad Sioux City. Every
car recti re careful peneaal atteatlen.
Updike Grain Company
"The Reliable Consignment Home"
