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About The Omaha morning bee. (Omaha [Neb.]) 1922-1927 | View Entire Issue (July 12, 1922)
BEE: WEDNESDAY. JULY 12.
Market, Financial and Industrial News of the Day
Omaha. Neb, July li
Affected favorably by the overn
went report jutted yeiterdiy which
wai coniicertej Duiiuh by the trade
linen of grunt, ruled iironc and
higher. Mfcngih of foreign exchange
alio a lutor in price makm
and there were alto numerous re
port i of black run in Canada. Ex
liort hminrtt remaint quiet and th
itn of new wheat i alow in tn
tr.g threihing being delayed by rain
lt-reirli i'l Omaha vaere lisht con
sifting of $ can of wheat, 30 cir of
corn, and 6 cart of oat. totaling 41
can, at compared with 102 cart
v heat, 16 can of corn and 8 eari of
oat i Int year. Shipment! aggregated
7J car, agatnrt 91 car last year.
. ath wheat price in the Omaha mar
let were tteady and 2 to 3c higher
Corn and oatt were in fair demand
both telling 3 4 to 1c higher. Rye
uat nominally 2 cent higher, barely
No. I hard wlntar; esrs. 11,10; I
esri (now). II. 01
8mplt hsrd winter; 1 tr (weevil!
ii es; I car, II "
N. 1 whin: l car (speed) billlnitt
N. t whit: I cars. lSc
No. yellow: I car. He
No. t miied: 1 car (shippers welhl)
No. t white: I rara (It..
1 car mlied rsln: :l par cant ry, 7o.
rarlnla Todsy. Am.
KANSAS CITT RECEIPTS
Carlots Today. Aso.
ST. LOUS RECEIPTS.
Carlo! Today. Ao. Ao.
Wheat I4J 17
Orn , 71 31
Oeta 41 !4
NORTHWESTERN WHEAT RECEIPTS.
OMAHA RECEIPTS AND SHIPMENTS.
rtve , . .
I'RIMART RECEIPTS AND SHIPMENTS.
Today Aito Ao
. I Holiday 12
. 34 Holiday II
. I Holiday I
. 0 Holiday 0
...0 Holiday 0
Today Aco Aco
. :i Holiday 43
. 30 Holiday SI
, 11 Holiday
. 1 Holiday 13
. 0 Holiday 1
, , Corn . .
Oat . .
Wheat ...1.08. 000
."orn .... Ili.ooo
Buahala Today Ago
Wheat and flour 404. ono Holiday
Com rrr.. 113.000 Holiday
Oata 30.000 Holiday
Bushels Today Ago Ago
Wheat ....11.165.009 30.506.000 7.54.000
Oat - 5.100.000 4.050.000 10,353,000
- Week Tear
Bushels Today Ago Ago
Wheat ..101.177.000 101,116,000 100.403.000
Corn ... 32,311.000 33.061,000 23,122,000
Olla ... 63.206,000 63.313,000 56.714,000
CHICAGO CLOSING PRICES.
"By Updike Grain Co. DO. ;27. July" 11.
Art. I Open. I High. Low. I Cloae. Tea.
, 1 14H
1.16 U 1 1 Vi
v ', Kansas City Craln.
"Kansas' Ctty. Mo.. July 11. Wheat
Cash. No. 3 hard, I1.0SO1.45; No. 2 red.
Corn No. t white, 6814059c; No. . 2
Kansas City, July 11. Close Wheat:
3uly. 31.08 ; September, 11.07; Decem
Corn July, 86c; September, S84c;
December, 68 Tie
Minneapolis, Julv 11. Wheat Cash No.
1 northern, 11.39 1.43 14 : July. St. 40;
September, ll.SlVj; December, 11.19.
Corn No. 3 yellow. 56J67c.
Oata No. 3 white, 33 34c.
Rye No. 2, 79O804c.
Flax No. 1, 13.6802. 71.
St. Louia Grain.
St. Louis, Mo., July 11. Wheat July,
11.1114; September, l.Ui-
Corn July, tlc; September, (3140
Oats July, 87c: September, S7V4c
Minneapolis, Minn.. July 11. Flour
' Unchanged to 10c higher; family patents,
N New York Cotton.
New Tork. July 11. The list rallied In
today! cotton market under Increased
local buying advancing 10 to 20 polnta In
the morning and holding more than half
. of Its advance to' the avid of the session.
New Orleans Joined Wall street In buying
contracts oivtho firmer cables and showera
in tha eastern belt, which some interests
. thought would increase the weevil pest.
There was enough selling encountered on
the-way up to bring about a modest re
action about mid-day. btrt the market
continued alow and was stesdy to firm
in ths afternoon. Local demand and out
aida support were aufficient to absorb
offerlnga. The close was steady, I to 14
pointa net higher.
Spot cotton was quiet, 6 points advance,
I3.1&0 for middling upland.
Southern markets: Galveston. 21.76c, un
changed; New Orleans, 23c. unchanged;
Augusta, 33.32c, 19 points advance; Mem
phis. ISc, unchanged; Houston. 22.40c. unV
changed; Little Rock, lie, unchanged.
St. Joseph lira Stork.
St. Joseph, Mo.. July 11. TJ. 8. Bureau
' of Marketa Cattle Receipts. 3,600 head;
." . market, beef ateers, yearlings and she
stock strong to shads higher; others fully
steady; calves, loe higher: top yearlings,
910 10, average 439 lbs.: 1.800-lb. steen,
19.4; best net sold early; bulk desirable
ci'Ws. ft.50OI.2S; veal calves mostly 18.00.
' Hogs Receipts, 1.000; market very
. a'.ow; shippers buying few light butchers;
steady with yesterday's shipping markets;
1 10.01 paid for one fancy lead: packers
doing nothing; packing sows about steady:
average cost yesterday, 19.99, weight 23S
Sheep Receipts, 1.000 head; market all
elassea about steady; fat lambs mostly
S13.lt; culls, 17.90; fat ewes mostly about
J Sew Tork Cf'ial.
New Tork. July 11. Wheat Spot Arm:
No 1 northern spring, 1167: No. t red
winter. 1.31; No. S hard winter, 31.11: No.
1 Manitoba, II 4714: No. mixed durum.
11. 12V e. i. f. track New Tork to arrive.
Com Spot, firm: Ne 1 yellow and No.
white, lie and No. mixed, S24e c I..
. t. New Tork, all rail.
Oats Spot, firm: No. I white. 47 flic.
A ,Lare-rtrm: middle west Sll.ll011.St.
Other articles) aor hinged. ,
By CHARLES D. MICHAELS.
Oaaaha Bee ixuea) Hire,
Chicago, July II. Incrraaing fari
of a delay in the movement of grain
due to the rail and coal strike and
the belter financial outlook in
Europe brought in a market iucrraie
in buying of all grain. At no time
were prices ai low ai the previous
aayt nnuit and the cloie was within
a fraction of the top. Wheat ftainrd
2W&yie. corn Ifiil'.c. oats IkOi lc
ami rye Ii'i3(i'.
1 he trade j uickly forgot the gov
ernment report, l-.mbargo talk at
iracied more attention tnan at any
time so tar. I lie Kork Uland re
fined to take grain on its El l'ato
divumn in the south wet. The strike
brought in an excellent millrtvg de
mano tor cariots 01 cash wheat m
all markets for quick ihipment. That
had some enect on sentiment, which
has become much more bullish.
Met Harvest Eiaerlrnred.
A wet harveat is being experienced in
aom pane of the wat and southweat.
while the country ahowa little dianoaliu n
to II freely. l0'.l Iradera, and com
mission houses were got-d buyers from
tha start snd resi'llona wers short lived.
at the outaids figure prices Uing up 3 '4
hli!. Kkport aentand vAa alow nni
run reporta from the norlhweel rather
favorable, although Hunsorfor.l found
black ruit at tlaiivtn, Haak.
No. t yellow corn In the sample market
old at September price today, a net gain
of lc aa rompared with the future. The
keen demand for th" cash article more
than offeet the effert of further ra'na
oter the belt, and with the gisrnment
reporta auigeatlng lll.000.otit) buahala lesa
nan a year ago local tranera generally
nrned In the bull aide. Offerlnga were not
large. Hulk of the recelnta of 110 rara
were applied on to arrive contracts snd
shippers snd Industries competed for the
Oala Reflect Hlrenglli.
Too dava thia weak .
Heine data Isat week
Hams days I w e ae It 171
Kama day I w'a a a. 11.711
Sams days tsar ago. .11, III
Oinaka, July II.
Cattle. Hoga. Sheep.
II. IIS 17 3T
lings, II lit) II II) fat wstheri, l too
It 31 cull lambs. Si ooaill; fat year
110; fat ewaa, light, II to J I 10; fat .
aaavy, II7 is.
r AT LAMBS.
Ns. Av. Pr. . No. A v. Pr.
IS Nat.. It III 41 Nat.. 71 lift
71 IIS ' I SI
Oats r fleeted the. strength In other
grsUra and s better domestic demand, the
tter probably stimulated to some st
ent by the strike. Considerable buying
of December and selling of September at
o difference was under wsy. Receipts
Houera with eeatern connections were
good buyers of July rye, while offerings
ame mainiy rrom spresuers wna soia lie
Stptember. The letter went to !So un
der the July. No. 3 on track sold at 3 He
"Throughout this territory small grain
i a fair average crop," wired Oeorge M.
.ecount to. Stein, Alateln A Co from St.
'loud. Minn. "Some black ruat In heavy
wheat and some damans will result. Crop
oo fur sdvanced to bs baaiy damaged.
Corn tassellng short."
Eurton Hunaerford. the Logan & Bryan
prop ecpert, wired from Mlnot, N. D., that
from Valley City there early aeeded aprtng
wheat generally la in good condition and
ell hadei. very little lear rusi. some
thin aland flelde heavy with wild ts.
ate seeded wheat Just heading. oata
generally good. Corn small. Rye gen
erally good with cutting to stsrt this
The government rrop report suggests an
ggregate of 6.12I.HOO.OOO buaneis oi xne
v. trains. 187 OOO-.Ono bushsle less than
at thia time last year and 11.000,000 bush
els under tho final returns Isst year.
Insects Do Damage.
Inserts have done material damage to
rrnpa In several Russian provinces wnicn
hove 20.oon.oon acres.
vnrihw,ir,rn mesaaaea innii-airu iii
reaaed apprehension as to black rust de
elopment. Higher temperstured follow.
na ,,ni raina tna rne isct inai iiie
..... t... .,, Kan fnund aa far north aa
tha Canadian provinces Is causing traders
to watch weatner conomons very cir,j
aa on the. latter will depend ths extent
of the damage. ,
Unfavorable crop reports are coming
from parts or Saskatchwan as the result
of continued dry weather and unless mois
ture is received only half a crop of wheat
is expected. In the more southern dis
tricts of that province the condition is
generally good with ample mosture.
rki.., iiiiv 11 Cuttle Receipts. 12,-
000 hesd; 'corn-fed beef steers snd fat she
stock, firm;, others slow, about stesdy;
prime hesvy steers, 110.40: beat yearnnga,
0.30; bulk beer ateers, s.uiib'iu.uv; uuno.
canners sna stocners, nciTOu,- ,.
alves stesdy early; closed Jo to owe nign-
; bulk beef cows snd neuere,
66: bulk csnners and cutters, li.svSM.so,
bulk bulla. $5.0005.25; bulk veal clves,
Hogs Receipts, 3U,uvv; oener
active, 10 to 16c higher; otners slow,
iteady to 25c higher; top, aii.uv; oi
good butchers. 10.60e,ll.oo; pecners
mostly $8.75(6)9.25: shlppera tooK aooui
600 head; holdover numerate; pie,
5c h gher, moatly is.zsupm.ze.
Sheep end Lambs Receipts. 16,ooo
head: fat western lambs, 25 to 60e lower.
one deck, $13.50: others, iia.zo; leeae,
unsteady at $12.76; native lambs, steady
ot ton 113.25: sheep, steady;
fat ewes, mostly $6.0007.00; two doubles
holes fat western yeaning
Kansas ty Livestock. . ' ,
Kansas City. July 11. tunitea niaies
r,..ii of Arrlcu tural Economics.
Cattle Receipts. 10.000 head; market, beef
ateers. yearlings. Bhe stock, steady to 15o
higher: top heavy steers. $10.10; several
loads 410.00; wintered Kansas gTassers,
959.25: other interior to
Kansas and Texas grassers, . low i.ay.
best native yearlings. $9.85010.10: stratgnt
earling heifers, 8.3w.iii: tetter
COWS,' II.SSJI'S.DW: OUIK otners,
00; bulls, 2a?7ouc nigner; ooiuitno. -
anclng most; bulk. M.tgi.ou; o"
grades vaalers. $8.009.00.
. . 1 i ... annn V. market.
ow, around steady to mackera nd nip
pers; top. iiu.ts: ouik rot
OjtO: shippers took uoui'i.in, """""".
choice 240 to 275-poundere,-jm.2oi.".
packer top, $m.6u; tnrow-out ., yw
lower; bum, as.oo.fv, wul. .7 B '
to 10c lower; desirame native.
Sheep and Lambs Receipts 5,000 hesd;
rket, lamos steady 10 aoc
atesdy; top natives. $13.00; .most sort
lots, $12.7513.00: culls, $.507.00;
Cattle Receinia ware I lis head. With
the esception of shipping kinds which sold
teady to atroiig, ths msrket on handy
weight and haiy ateera had a weaker
fend aikln today. Prices or the bulk
oemg eieaoy 10 aa much aa 100 lower,
nuppiv ot yrarnnsa was exreaaive and out
Ida r a few prime lots, they were hard
to move at uneven declines of loOJto or
fume. Rest roas asain held ateady, while
sraair ainua were weak to ItrlSi' lower,
niurssr" ann teeners were quolsbiy un
rhsngrd. not enough being here to test ths
Heceipts and dlapnaiunn of llveatnck al
ins 1 nion atockyarda, omoha. Nub., for
"ours, snuinjr at I p. ., July II,
RECEIPTS CAR LOT.
C M. t St. P, Ry
Wabash R. R 7
Mo. Pac Ry 10
Union Taelfle R, R., 13
P. N. W. Ky., eaat 33
I'. N. W. Ry.. weat . II
St. P., M. O. Ry 33
R. Ci. Ry., eaat , 61
R. y Ry., weat . 17
R. I. A l eaat II
R. I. & P. weat . 1
Illinois .Central Ry. ., J
C. O. W. Ry S
Total receipts SIT 194
UlSPOblTION H EA O.
Armour AV Co
Cudahy Parking Co. .
Hold Packing Co
Morris Packing Co. .
J. W. Murphy
Swan a Co
Lincoln Packing Co. .
wilaon racking Co. .
HigHlna Parking Co.
Mayerowlrh A Vail ..
Mldweat Packing Co.
So. Omaha Park Co. .
Swift from K. C. ..
Cudahy from K. C. .
j. n. tfuue
Armour of SIojx Falls
Dennis at Francis ...
John Hsrvey .T
R. W. Hsnley
T. J. Inghrsm
1. P. Lewi
Krebbs & Co
J. B.s Root Co. .
KoaenHtocK Bros. . .
W. B. Van Sant ft co.
Werthelmer ft Dtgen
Henry Luberger ....
heep. steady: fat ewes to killers.
lly $6.oosf)6.6o. '
St. Iul Livestock. ...
at i.o,ii in.. Julv 11. cattle
Receipts. 4.000 head: msrket, beef steers
and cows, generally steady: spots, strong;
light yearlings. 15 to 25c higher; canners
strong: bulls and stocker steers. b;mv-
ight calves. 25 to awe nigner,
for 1.003-pound steers, bulk mimw m-
tlve steers. S.258.zf.; cows, '??
canners, $2.6002.75; bulls, $4.5005.00;
stockers. steers. $5.6006.50; top, $9 50,
bulk. $9.00O!6. t ,
Hogs Receipts, iu.000 neau; '""'"I1
pened 10c higher, later market. 15 to 30c
higher, to $11.10: bulk, 160 to zjv-pounu
averages. $10.9501105; bulk. 240 to 280
pound butchers. $10.65010.85: pigs. J10.00
10.76: pacaew sowa l"rgcij
Sheep and Times Receipts. 6.000 head;
arket. steady; top Ismbs. 113.0(7; buik.
3. 50018.00; culis, lo.oonpo.ii: 111 "i"
ewel, $5.7606.00; heavies mostly,
Sioux City Uvestock.
9iat ritv la.: Julv 11. Sioux City s
Tuesdav cattle trade was topped at $10.16,
the highest" price on the Sioux City mar
ket in 1922.
laTcstracot strength and
a wid opportunity for
Wction characterixa our
July Sacuritica Circular.
The affariaga listad will
nut stack iadmdaal
A cewr ef this July List
will be seat upea rcsjueat.
Th Natitul City CwMptny
Omaha First Nat. Bask Bias.
Telephone IS1 Jacksoa
Total 1,281 12,964 9,369
Quotatlona on cattle: Choice to prime
...in.. oei0.05: gooS to choice
t unfit 40: fair to good year
Hnr. ts.lOAS.SO: common to fair year-
llnga. $7 60OI.40; choice to prime
9S26O9.00; good to choice heifers $7.25
I 25; fair to good heifers. $6.5007.26;
'noire to prim! cows..$7.2607.75; good to
rhdlce cows. $6.2607.25; common to good
rnws. $3.006.2S; good to choice
$7.408.06; fslr to good feeders, '
7.35; common to fair f- " '
good to choice stockers, $7.608.15; fair to
good stockers. $6.607.40; common to fslr
stockers. $5.606.60; stock heifers. $1,000
6.76: stock cowa. $3.604.60: stock calves,
$5.607.6O; veal calves, $5.5010.00; stock
bulls. $4.5001.00; bulls, stags, etc., $3.15
. 9 50
3 12IS .
1 138 .
STEERS AND HEIFERS
10 2S 760 8 76
9 00 IS 13T S 60
S 60 24 930 S li
6 76 10..
7 65 5..
5 7 1..
S It 3..
7 15 6...
4 75 1...
( 75 1...
8 00 1 120
Hoga Receipts wers 9,000 head. Trad
ing -was fairly active today on good de
mand from both ahippera and packers at
prices ruling steady to 10c higher. Best
light hngs sold at $10.30010.40, with a
top price of $10.46. Good quality medium
weight butchers sold at $10.0010.26, and
strong weight butchers st $9.65010.00.
Light mixed loads sold mostly at $9,600
10.15, with bulk of good hogs at $9.76
10.40. Heavy mixed loada and packing
grades were slow, at prices mostly steady.
Bulk of this class was at $8.759.50, with
small lots of extreme heavlea at $8.25
Pr. No. Av. Sh.
S 25 9. .365
S 85 15. .276
9 00 61. .293 180
S 2 5 64. .269 110
8 60 32.. 308 40
9 90 46. .263 ...
10 10 63. .265 ...
Lambs Receipts were 7.800
head. On good demand from local pack
ers, all killing claaaes moved readily at
steadv to atrong prices. Fat lambs, both
westerns and natives, sold mostly at $13.00
f 13.25. Oood quality clipped lambs with
percentage of yearlings sold at -$12.00.
Feeders were strong on continued good
Inquiry, best quality finding a ready sale
at 112.25. Sheep were fully steady, best
quality light ewes selling at 6.d0.
Inmbs, western, 111.50)13.75;
By FRANKLIN K. SPRAOUE.
maha Bee Leased Wire,
Kew York, July 11. There were
advances in all markets today, a re
flection in part of a more cheerful
sentiment with relations to foreign
and domestic affair aa well as the
inevitable short covering which fol
lows a decline in any quarter. It
was noticeable, for instance, that Bel
gian and rrencli bonds, which had
been under pressure on Monday, re
covered almo&i as sharply as they had
declined and likewire there was
strength in the foreign exchange mar
ket. Both of these v developments
tended to temper the outlook as to
events abroad and while a crisis was
admitted in Germany The opinion pre
vailed that some statisfactory meth
od of meeting it would be worked
out. There was strength in the gram
market and a slight upturn took
place in .cotton. In the stock mar
ket, some degree of buoyancy was
evident, but this was largely con
fined to the specialties.
Rail Strike Continues.
The situation with relation to ths rail
sinks wss hsrdly encouraging, yet Utile)
notice waa taken or the adverae factors.
This attitude apparently arises from the
fart that Wall atreet has never taken
the rail atrlka seriously. Rather It has
considered that ths strike might be ended
sfter a relatively brief period of time.
Alao the developments today were not so
unfavorable as might appear on the aur
face. The holding up of freight and mall
aervice cams about' through lack of in
spection men for ths trslns that wers in
operation and soms trains, therefore, had
to be dropped from schedules, but not
because operating men themselves had
Joined the shopmen.
The recovery in French and Belgian
bonds In itself probably means little with
relstion to the foreign situation, The
selling ef ths preceding day had been
without reason, In fact, was to bs traced
to operations of speculators for the de
cline and no real feara having been
aroused recovery raised prices almost to
the level wmcn ruled at the hign on
Monday. Alao the foreign exchange rates
could not be taken as a real guide to
conditions, for In this quarter, too, short
selling hsd been of hesvy proportions snd
it was in order that covering snouia
bring about a recovery.
Moratorium Open to Doobt.
Whether or rot Germany is granted a
moratorium such as she desires, may be
open to doubt, but st lesst it does seem
probable that the outcome of tho pres
ent crisis in Germany, may bring about
some postponement of the forthcoming
reparations payment and lead to a clear
definition of Just what Germany haa to
pay In total reparations. A scaling down
may lead to sharp opposition in Frsnce,,
but ultimately this may bo cdhceeded on
the basis that this course Is better for
all concerned than to bring about a politi
cal and economic upheaval in Germany.
Eventually if French opposition is with
drawn some basis may be found which
will make feasible the calling together
once again of a committee of bankere
to consider the question of an interna
Advances In the stock market were
most pronounced in some of the highly
speculative issues. It wss significant,
too. that certain oT the railroad stocks
showed gains, as, for instance, Norfolk
and Western, which moved forward 2'4
points. All the rail issues were firm,
which presumes that the market looks
upon the present difficulties besetting
the carriers as of only temporary char
acter. Among the specialties, such is
sues as General Asphalt, some of the
leather stocks. Gulf state steel and Amer
ican Ice were indicative of the character
The bond msrket was the exact oppo
site of the stock market. In this quarter
demand centered in the highest clsss
investment bonds, as for instance, the
Great Northern Pacific Joint Hs and
Great Northern General 54s.
Call money dropped to 314 Per cent st
the, close of the day, the lowest rate
since June 23. This) ease was attributable
ta a further and somewhat belated re
deposit of funds distributed In the half
yearly settlements. '
New York Coffee.
New Tork, July 11. The market for
coffee futures opened at a decline of five
to elffht points under runner sca-nerm
liquidation which was promoted oy mo
easier showing of Brazil. Offerings were
light, however, and after the selling had,
been absorbed, the market steadied on
covering although there waa no change
noted in the general neus. ,
March sold up from 939 to 950. and
sfter net losses of 6 to 18 points, the
market closed 1 to 3 points net higher.
Sales were estimated at about 9.000 bags.'
July, 9.65c: September. .66c: December,
9.51c; January, S.60; March, t.49e; May,
S-46C. . . m.
Spot coffee was reported in rair o-
mand st 10io to 1014c lor Bio osvens
and 1414c to 14 He for Santos fours. Cost
snd freight offers Included Santos 3's snd
6 s. part bourbon at 13.96c to 14.16c and,
Rio 7s at 10.66c, American credits.
The official cables reported an advance
of twenty rels in the dollar buying rate
and a decline of l-32d in the rate on
London. The Rio market was 60 to 100
rels lower. A special cable reported a
decline of 76 to 125 reis In the Santos
New York Stocks
Rsnge of prlree of the lesdiag atarks
furnlahed by Logaa A Vrysa, III Pslsrf
High. I.ow. nose. Cloee,
A , T I. r 1014, 0 S
II V lot, lit
13l 111 If HI.
II. St 91
llt II II
101 ' Slli
U. eV O..
N. V. Central,,,,
Cheaa. 4 Ohio,...
Ureal Northern, . ,
Illinois Central., .
K, r. Southern.
N Y. N. It....
Chicago N. W.
nn. K. n
R. I. P
Southern Railway. 244
Kansas City rrnduee.
Kansas City. Mo.. July 11.-
fat lambs. Eggs and Poultry Unchanged.
Reserve District No, 10.
REPORT OF CONDITION OP THE
CORN EXCHANGE NATIONAL BANK
AT OMAHA IN THE STATE OF NEBRASKA, AT THE CLOSE OP
ON JUNE SO, 1922.
Loans and discounts, including rediscounts, acceptances
of other banks, and foreign bills of exchange or
drafts sold with indorsement of this bank
U. S. Government securities owned:
Deposited to secure circulation (U. S. bonds par value).. $ 187,600.00
All other United States Government securities, (including
premiums, if anvl
Other bonds, stocks, sseurities, etc.:.. ."
Furniture and fixtures
Lawful reserve with Federal Reserve Bank
Items with Federal Reserve Bank in' process of collection
Cash in vault and amounfdue from national banks
Amount due from State banks, bankers, and trust com
panies it. the United States
Exchanges for clearing house
Checks on other banks in the came city or town as re
Checks and drafts on banks (including Federal Reserve
Bank) located outside of city or town of reporting
Miscellaneous cash items
Redemption fund with U.. S. Treasurer and due from
U. S. Treasurer
'Total , 64,033,448 56
Capital stock paid in
Undivided profits t
Reserved for interest and taxes accrued
Reserved for depreciation on bonds . .
Circulating notes outstanding
Amount due to national banks
Amount due to State banks, bankers, and trust com
panies m the United States and foreign countries
Certified cheeks outstanding
Cashier's checks outstanding
Demand depealta (other than bank deposits) subject ta
Keaerve (deposits payable within 30 days):
Individual deposits subject to check 1,971.136.27
Certificates of depoait due in less than SO days (other
than for money borrowed)
Dividends unpaid :..
Tuns deposit subject to Reserve (payable after 36 days
or more notice, and postal savings) :
Certificates ef deposit (other than for money borrowed)
Postal savings deposits
Bills payable (including all obligations representing
money borrowed other 'than rediscounts 1 ........
Liabilities other than those above stated
Stat of Vebraska, County ef Douglas, ss :
L H. 8. Clarke. Jr.. President ef the above-named bank, da solemnlv swear that
the aboVk statement is true to the best of my knowledge and beiief.
H. S. CLARKE. Jr, Pesident.
Correct A ttet:
B. F. MARSHALL,
, H O. EASTMAN. Director.
Subscribed and sworn to before me this 10th dsy of July, 1921.
(SIAX) ' HILDtSJ) MULLEN. Meta-gr fjibUa,
Naldwln Loco .
Colo F A I ...
Am Ht Fdry
Pressed St Car
Rep st A Iron .
Ry St Springs .
U 8 Steel
..111 - 111
ST K M.S.
,. 601. Ill,
...1164 ll"4 H'4 114
Am 8 A Ref Co
rro d Pasco
Grsen Cansnsa ,
Pierce Oil ......
Std. Oil, N. J....
.... St4 6314
.113 1614 16314 163
14 134 14 134
174 6614 67V4 664
124 71 72 7la
60 , 4114 494 494
,.. S . 74 I
.! 804 214 30H 294
... 614 56 664 6514
... 334 33 .324 3214
...1144 114 1114 163
... 47 4 414 46 4 464
...224 21 224 21
... 84 14 14 -.14
Chandler 1 71 70 70 70i
General Motors ... 144 144 144 144
Willvs-Ovsrland .. 84 14 34 84
Plerce-Arrow IS 14 19 14
White Motor .... 49 41 49 414
Studebaker 1364 133 4 134 133
Fiak 154 154 64 154
Goodrich 104 394 3S4 39
Kelley-Sprlngfield 41 4 41 4 41 4 47 4
Keystone Tire .... 164 154 164 164
AJax 164 144 144 154
V, fl Rubber 114 614 IIV
Amer Meal Hug 14 114 114 114
At ,, tlulf W. I, -SI4 IIV, 31V T
Am: Inter. Saru, ,, 114 124 13 114
Central Mather .
'Cue -Amer Sugar
Corn Produi is , ,
famous Plater ,
On North Ore ,,,,
Int Harteater ,,
Am H I. pfd .,,
Int Paper ,,
Int M M pfd 74 4 74
Am Sua II-f .... in fl
H. ar. Roebuck.... TI4 TT
Htrom.burg 494 41
Ton Prod 71 '4 74
Worthing Pump ,.14 114
Wilaon Co I) 414
Wealing Klec 14 114
Am Woolen 90 4 114
1"4 1014 144 19
134 S3 1:4 "S
4"4 3IU I ,
a4 o4 1SS14 J014
71 ! 14 II
24 374 3114
Am Cotton Oil .. 3S4
Am Ag Chm .... Ill
Am Linaeed 3t
Union Hag pfd
Brook R T
font Can .
Col. Gas Eleo... II
Columbia Oraph... 44
United Drug II
National Enamel.. 144
lirlllard Tobacco I SS 4 113
national l.raa l3
Punta Ale. Sugar.. 44 414
Retail Store II U 17 4
St, L. H K 214 214
Va Car Chemical. 31 304
Total sales, til. 100.
I014 102 4 104
..... ..... 34
ii4 i:e 1:1
Meey fine, 14 fir fsati Meads'
eleae. 4 per real.
Marks 4,'leee, ,t:ie Mender els,
Pr.nra Cle, ,tllle Meidsy (less,
Ni.rH, Class. 14 4141 M4r
Mesirs Hollar 44e.
July 11 atlver fersls
New tee IMed frail. . . ,
Near Tork, July II tif'id Apple
Raisins fum. I
(few Task Prwdsvc.
Tor,. July It Hutler Bsrslf
-Irregular, with a firm wadsr
Ne. 3171. Reserve District Ne, 16.
REPORT OF CONDITION OF THE
UNITED STATES NATIONAL BANK
AT OMAHA, IN THE STATE Of NEBRASKA. AT THE CLOSE Xt BUSINESS ON
JUNE (t, Kit.
Loam and diseeunli. Including rediieeuat ,.
Overdisfls, unaseured , , ,,,,
U. S. tjeverameal securities owned 1 ,
Deposited to secure circulation (U. R. bonds par value) f
ail otner united Slates tiovernmenl securities (includ
ing premiums, If any) ,,,
Other bond, stack, securities, elc.i
Panklng House ,
lawful reserve with Federal Reserve Rank
Items with Federal Reserve Rank in process of collection
Cash in vault snd amount due from national banks....
Amount due from Stat banks, bankers, and trust com
panies In th United State (other than Included
in above three itemal ,,
Exchange for clearing house
Checks oa other banks la the ssm city or town as re
porting bank (ether then abov item)
Check and drafts on bsnks ( Including federal Reserve
Bank) located outiid of city or towa of reporting
Mlerelleneou cash itetni ,
Redemption fund with U. 8. Treasurer
Other aaaet ,
tuwer Bulldlnc. Clllt'Ano. ILL.
ntlfle American ftl.tr . WAflHlKnTiiN, D. C.
S.'lsntlfie American Ride. WAflHlKnTiiN,
wooienrta nutiainf. mw Tfifla
Hobart Bide. (AN fRANClSOU. CAL.
There ar a number of im
portant development pend
ing in this itork.
This stock Is completely
covered ia this week' iliu
of the Market Review,
Free Copy en Request
EditioB Limited I
Stock Exchange of New York
35 So. William St., New York
Capital stock paid In
Reserved for Interest and Use accrued..
Reserved for depreciation
Circulating notes outstanding
Amount due to national banks
256. 181. 1!
Amount due to State banka, banker, and trust com.
panic In th United State and foreign cruntrles
(other than Included la abov item)
Certified cheek outstanding n ,
Cashier' check outstanding
Demand depoaits (ether than bank deposits) subjsct fa
Reserve (deposits payable within 80 days) I
Individual deposits subject to check
Certificates of deposit due in less than SO day (other
than for Money borrowed) t
Tim depoaits eubject t Reserve (payabl after S( days,
or subject to 80 day or mora notice, and postal
Certificate of deposit (other than for money borrowed)
Other time deposits
Postal savings deposits ,
United States deposits (other than postal savings), in
cluding War Loan deposit account and deposits of
United States disbursing officers
Letters of Credit and Traveler' Check sold for csh
Liabilities other than those abov itated
Total .. '
State of Nebraska. County of Douglas, :
I, 3. C. McClur.- Cashier of th above-named bank, do solemnly swear that tha
above statement is true to th best of my knowledge and belief.
J. C. MeCLURE, Csihier.
THOS. A. FRY.
A. B. CURRIE.
JOHN H. CALDWELL. Director.
Subscribed and sworn to before m thia 10th day of July. 1(22.
(SEAL) v E. E. LANDSTROM. Notary Public.
The New York Central Railroad Company
REFUNDING AND IMPROVEMENT MORTGAGE 5 GOLD BONDS,
Dated October 1, 19J21
Due October 1, 201S
Interest payable April 1 and October 1 in the City of New Tork
Redeemable, as a whole but not in part, at the option of the Company, at 105 andaccrued interest, on, but
not before, October 1, 1951, or on any interest date thereafter, on three months' notice.
Coupon Bonds in denomination ot $ioo (not registerable) and in denominations of tifioo and t$oo, regis
terable as to principal. Fully registered Bonds in denominations of $1,000 and authorized
multiples thereof . Coupon and registered Bonds interchangeable.
The issuance of these -Bonds has been authorized by the Interstate Commerce Commission.
Guaranty Trust Company of New York, Trustee
A. H. Smith, Esq., President of The New York Central Railroad Company, has summarized as folloVn
his letter to us describing this issue : . "
The proceeds of these Bonds will be applied to the retirement of the $5jooofioo ot j Col
lateral Trust Bonds of the Company, which Bonds will be called for redemption on September r,
The Refunding and Improvement Mortgage Bonds are secured by a direct mortgage on all oJ
the railroad owned by The New York Central Railroad Company, the main line of which, extend
ing from New York City to Chicago, is one ot the trunk lines of heaviest traffic in the United
For the last seven years (i. e., since consolidation with the Lake Shore and Michigan South
em Railway), the Company's net income, after deducting rentals and miscellaneous income
. charges, averaged $38,001400 per annum, as contrasted with $24,057,985 average annual interest
charges on mortgage and other secured debt. Net income in 1921, after deducting rentals and mi's
cellaneous income charges, amounted to $63,090,362 as compared with $225,969 interest charges
on mortgage and other secured debt. The Company's net railway operating income for the first
five months of 1922 amounted to $20,190,353, as compared with $11,775,742 for the corresponding
period last year, an increase of 60. Inasmuch as the proceeds of this issue are to be used to re
tire existing debt carrying a higher rate of interest, the issue of- these $25,000,000 Bonds will re
duce the' Company's annual interest charges. The average interest rate on the Company's mort
gage debt, including the present issue and $480,161,000 underlying bonds, is approximately four
per cent. .
v Since January 1, 1915, the Company has added to surplus approximately $8ojooofl0o from cur
rent income after payment of dividends on its stock. The Company has additional resources in
the undistributed earnings of subsidiary properties, its proportion of the undistributed surplus
earned by five principal steam railway subsidiaries during the last seven years amounting to more
than $44,000,000. - v e
The outstanding securities junior to the Refunding and Improvement Mortgage Bonds in
clude $105,500,000 Debenture Bonds and $24997,355 par value of capital stock. For evefy year
since 1869, dividends have been paid at the rate of at least four per cent per annum; since 1900 the
rate has been not less than five per cent per annum.
In the opinion of counsel, the Refunding and Improvement Mortgage Bonds are a Ugal in
vestment for savings banks in the States of New York, Massachusetts, Connecticut and New
Jersey. ' ,
v , r
(THE ABOVE BONDS ARE OFFERED FOR SUBSCRIPTION, SUBJECT TO ISSUE AS PLANNED AND.
TO THE APPROVAL OF OUR COUNSEL, AT 9iVz AND ACCRUED INTEREST, TO YIELD APPROX
IMATELY 5.30 PER CENT.
Subscription books will be opened at the office of J. P. Morgan & Co., at 10 o'clock A. M., July 11,
1922. The right is reserved to reject any and all applications, and also, in any case, to award a smaller amount
than applied for. The sum due on allotments will be payable at the office of J. P. Morgan & Co., in New York
funds, .the date of payment-to be specified in the notices of ' allotment, against delivery of temporary Bonds,
exchangeable for definitive Bonds when prepared. -
"New York Central Railroad Company Ten-Year 7Collateral Trust Bonds', due September 1, ,1930, with'
all unmatured coupons attached, will be accepted in payment ii 105 and accrued interest to date of payment
J. P. MORGAN & CO.
FIRST NATIONAL BANK, New York THE NATIONAL CITY COMPANY)
GUARANTY COMPANY OP NEW YORK BANKERS TRUST COMPANY, New York
HARRIS TRUST & SAVINGS BANK, Chicago, HI.
KIDDER, PEABODY & CO. LEE, HIGGINSON & CO.
New York, July 11, 1922. '
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