MARKET, FINANCIAL AND INDUSTRIAL NEWS OF THE DAY Omaha Grain Omaha, Dec 11. Foreign cabh a \sith our advance ot Saturday and our grain markets pre sented a firm undertone in the early session. Commission houses were fair sailors on the bulge, cashing in profits on long grain. July wheat was par ticularly strong <>n a forecast of fair ooM weather In the southwest where the winter wheat has nc* snow cover ing. Receipts at Omaha were 256 cars as compared with 194 cars last year. Total shipments were 173 cars as against 12 4 cars a year ago. A good demand was in evidence for cash grain on the Otnnha floor. Ordi nary hard winter selling 1 2c higher and the dark going at unchanged prices. Corn sold unchanged to 1 2c higher. Oats were unchanged to 1 2 cent up. Rye and barley were quoted unchanged. WHEAT. X« t diirk hard: 2-3 cnee, $122; 1 car. SMS (smutty); t car. 91.1X3 special bill ing) , ) rar $1.23 (special tilling) irl I '• *12 2. 1 , - $1 21 (smutty); 1 car, £1 21 .(smutty); 1 . ,i >1 IS; l car. $1.20; 1 car, $1.21. No ; hard: 3 cara. $1.21; 1 car, $1 19 (Muutty », No * hard- 1 rar. $1.17 (smutty); 1 mu*. $1 174 (smutty, j > per cent rve); 2 far: $l is (smutty, 3.8 per rent rye). No l bard winter: 1 car. $1 lu; 1 car. $1.17. No. 2 hard winter: l car. $118; 1 car. 17 \ cur. $1 In'., 1 tar, $1.16; 1 cur. tl 11 ca r, $1.1 j (shippers weights); ru r* $1 i . 1» cara, 91.14H; 1 car, jil.HS (live weevil); 1 car. 91.1 & • muity), 1 car, $1.14'fc (smutty); 2 curs, 91 16 (smutty). No. l hard winter: 1 car $1.14; 1 car $1.16 (7 3 per cent dark, U 4 per cent, heal image smutty. )•> per cent durum); 1 car. $1.13 (live weevil); 1 car, $1.12 0.4 l• r otn heat damaged). No. t hard w»r:^r. I car, $j 09 (0.9 per ul lu.it damage); 1 car. $1.12; 2 cars, fi n,1, it per o«»t heat damage, 1.6 per c i t heat damage). % hard winter. 1 car, $1 OR (1.6 per c i-’ h-\-tt damage); l car. $103 (14 per ••enr heut damage). Sm h ii d winter: 1 car. 97n <3.8 per i ■ h* • damage); i tar, 97c (4 per cent h- -ar. $1.10; l car, $1.00 i-i’jrum, smutty); 2 cars. $1.00 (durum). No 2 mixed; l car, $1.19 (special blli »ig i; 2 earn, $1.00 (durum smutty); l car. ♦ J .00. No. mixed l: car, 99c (durum smutty). No 2 durum; 1 car. $1.01 (red); 1 car, $1.00. cons Vo. 1 " iite: I oar. tit! > jc. No. 2 white: 1 car (sp«-oial hilling), 69c; , 1 ear (shippers’ weight). 661jc; 9 core, Cl V* *\ No. v. lift**: 3 cars. ti5c. No _ \ * llow: l oar (special billing). 69c: t; ar l car, 67c; J car (shippers* w.-ightH). 68c. No. 3 yellow: 1 car (16 per cent uiois *:rc>. •‘.j• : 2 cars. 66c; 1 car (17.59 per -.sit moisture). ,65^c; t car (special billing), thm. No l yellow: 1 car 07.86 per cent p .n>f uroi. 66c. No. I mixed: l car (special billing), «: y e. No. 2 mixed: 1 car (shippers’ weights), 8 > , , I car, 66**0; 4 cars, 6i'.«. No. 3 mixed: 1 car (special billing), Tc. i cor, 60**0. OATS. No. 2 white: 1 car (38-lb.), 43 He; 4 cars, 4"f\ No. 3 white- ) car (special billing), ♦ ."■V: 1 car, 42»-j. . 1 car (special billing', 41 c; 9 cars, 42c. No, 3 mixed: 1 car, 4!*$c. No. 4 white: 1 car (4 per cent burnt). 41 ?. UYE. No. 1: 2 cars, s:;u( So. 3: 4 Corn, H.V. BARLEY No. 2 cars, * :<« . No, 4: 2 earn, 6 V. oMAUA KKl Hi’fTy AND SHIPMENTS. tC’Ml lots ) Receipt*— Tunny Vk. Ago Yr. Ago • i . 13 a 4 \ Com . lu.'i 9*» 111 «>at« . *24 .*{*; J" Kyo . 10 4 ; Hurley . .. 4 8 Shipments— Toduy Wk. Ago Yr. Ago wheat . 73 79 61 Corn .61 71 47 t am . ... 80 41 :> Uye . 10 1 21 . ...... 4 ‘3 PRIMARY RECEIPTS AND SHIPMENTS, fftnrhel*) Receipt*— voday Wk. Ago Yr. Ago Wheat .2,636.000 2.842.000 1.738.000 Corn . .1.siiO.OOO 1.676,000 2,433,000 Him .1.342,000 1.216.000 694.000 Shipments— Today Wk. Ago Yr. Ago Wheat .1,596,000 1,116,000 706,000 Corn . 694,000 683.000 701.000 Oats 067,00 744.000 468,000 EXPORT CLEARANCES. Bushel*— Today Year Ago Wheat and flour. 47 4,000 796.000 Corn . 59,000 $00,000 Oat* . 81.000 . CHICAGO RECEIPTS. \\ eek Year Carlots— Today Ago Ago Wheat . ...- 46. 40 b Corn . 26* 247 240 Oats .Ill 141 48 KANSAS CITY RECEIPTS. Week Y *ar Carlots— Today Ago Ag» Wheat .............313 45* 451 corn . 60 63 166 Cats .. 28 33 18 ST. LOUIS RECEIPTS. Week Year Carlots— Today Ago Ago store! Have a | Columbia Grafonola [ in Your Home Christmas Morning Mil ■ if I $21.50 and Up Sold on Easy Terms Value-Giving Bargain* —in— Ueed Grafonola* $100.00 Grafonola.$39.75 $125.00 Grafonola.$45.00 $150.00 Grafonola.$52.50 $175.00 Grafonola.$60.00 >Sold on Easy Term*. Trade Your Old Phonograph of Any Make for a Columbia Grafonola. The Value Giving Store (toward St. Between (5tb and l*tb Wheat ..\ .187 169 14 Corn .106 61 601 Gate .74 *3 94 NORTHWESTERN WHEAT RECEIPTS. Wee it Year Car lota— Today Ago Ago Minneapolis .845 **61 647 Duluth .2 46 U 4 4 Winnipeg .817 1517 638 V. S. VI8IBT.E. W. —It Tear Bushels—Today \g«» Ago Wheat ..33,616,009 r3.429.6o0 46 317.000 Corn .... 11. .36.000 11.073.000 15.1*60.000 Oata ... 32.no.oo9 3.940.000 6n.cj9.ooo Ryu . ... 8,793,000 ]0.232.000 6 254.000 Harley .. 2,791.000 : 7H4.ono 3.425.000 OMAHA STOCKS. Bushels— Tod a ■ Year ago Wheat .1,91.1.000 3,140.000 Corn . 750.000 <64,000 Oata .2,274.000 2 665.000 Rye . 200.000 458.000 Barley . 38.000 40.000 Chicago Grain Ity t BABI ES D. MIC HAELS. OnmHu li e 1 t Chicago, pec, 11.—All deliveries of wheat and oats as well as December corn sold at new high figures for the season, and while the markets were called upon to absorb an immense amount of profittaking, the under tone was strong. At the last wheat was ?s lower to "a c higher, the latter on July. Corn was >/gc higher to 14c lower. Oats, higher and rye lie lower to 'go higher. Buying of wheat w;is of excellent class and in the May was headed by commission houses with eastern con nections that have been persistent buyers of late. The uly is attracting more attention and was taken freely throughout the day. the forecast for fair and colder weather over the southwest where the crop is without snow protection, being a big factor. Selling was largely in the way of profit-taking. Export I>oi»»»ui«J Hlou . Export demand was rather slow, al though around 90.000 bushda har»l wtn t «rt was said to have been taken at tho gulf for near east relief purposes. Routine developments hav little effect at the V resent tint*' and sr aliment on the whole \:s decidedly bullish, with a marked broadening In tho general speculative trading. Receipts, 7-’ cars, with pre miums about unchanged. December corn acted tight at tho start :ui*l shot up to 73*^0 on scattered buy ing that found little for sal'*. Later long grain came out free and a reaction fol lowed, but tho trade generally believe that there is a large outstanding Interest • lid tho disposition is to get out of the December aw fawt aw posi-ible. Deferred deliveries had a range of less than !e. profit taking being in evidence early, but ou tho breaks there was aggressive sup port. Country offerings were somewhat more liberal. Receipts of s^o cars were, the largest in weeks, but due mainly to country dealers filling contracts for ship ment by December 15. On If* Higher at < lose. A buying order for December oats which came in the lust few minutes of trailing carried that delivery up very sharply, and there were selling orders in the pit well under 46V*c. which was the final price. Houses with northwestern and. Omaha connections were good sellers of the May. while at Minneapolis rash houses bought May freely. Receipts, 278 cart. Houses with eastern connections were persistent buyers of May rye, and while tliero wan .1 dip at one time in sympathy with wheat-, the undertone van strong. Export sales nf around 1.500.000 bushels were reported as having been made to Germany in the past 10 day The two northwestern markets had 165 cars. Fit Note*. The gram markets have all the appear ances of go/ng higher. Temporary reaction* are to be expected from time to time, but the trend Is re garded as higher. Bongs take profits on bulges and buy their grain bark on breaks so that the markets are riot con gested. on either side, us was tho case today. All Indications point to speedy enact ment of legislation for assisting the farmers In this country and consumers abroad through the extension of crefills. Tha Gould plan f«»r exporting our surplus calls for a fund of $250,000,000, for ex tenting foreign credits six to nine months wae u big factor. Barney Baruch, In an undress at tho Farm Bureau federation her© today, said that had the credit plan been existent early this season grains would not have sold as low as tin y did and price* now would be much higher. The farm bloc has a great deal of power and ar« regarded us strong enough to pass nil the credit bills, as the Harding administration is with them. There was a grout deal of selling of ce-n ami oats by the largest commission houi os on the bulge and free absorption of the offerings on tho breaks, in all a good-siz'd trade was <*n. At thins it was hard to buy or sell without affecting values. December oats are working higher. Buying of 150,000 bushel* a* the lust advanced the price to 40 He. tho beet of I he season. Contract stocks here are *31,000 bushels In public houses, an In crease of 166,000 bushels la.-t. week. If there is to be an advance in grain prices by the extension of foreign credit-, rye specialists say that grain should show more strength than wheat. It is figured that with lake uaMgatjon closed, Chicago is now on a basis where It. can compete with Canada on au all.rail basis. CHICAGO CLOSING mil BS. By Updike Oraln Co. DO. 2627. Dec. 11. Art. | Open. | Huh. | l.nw. I (.70(10. ] Sat’dy Wht | I i i~ I ' Dec. | 1.22%, 1.22*1 1.21 12141 1.22% I 1.22*1 | I I 1.22% May 1.20% 1.21 I 1.10'; 1 20* 1.206i 1.20% 1 1.20*1 1.10% July , l.io i 1.104 i.oo\ i.io*| i.oo* i l.oo*: ' i.io%i l.oo% Rye II. Dec. I .07 I .07 * .07 .07* .07% May .00 v .00% .80*; .00* .00% Corn I I I Dec. I .73 | .73% .72% .72*' .72* • 73%J I I .72% Slay I .71%] .71% .71 .71 %| .71* I .71*: .7I*| .71% July t .71 71* .70% .70*' .70% l .7i%' ; Data Dec .13% .46* .44% .46% .43% Slay lift -43 I .41%' .44*1 .44% .15 ! I I -44*. July 41% .41% .41 .11*: .41% .41*1 I I T.ard • July ,10.10 :io.22 io.io 10.12 to.os May 110 40 ,10.50 'l0.40 '10,42 10.26 Rlbe till Jan. 110.00 10.17 ; 10.00 10.17 9.00 Stay '10,0(1 10.00 | 9.82 I 9.82 ' 0.70 Kunaa* City Cirain. Kansas City. Mo Per. 11 —Wheat— Cash, No. 2 hate, $1.1401.21; No. 2 red. 91.2191.22 Corn—No. 3 white, 7le; No. 2 yellow, 74<* Hay—Steady to $1 lower. No 1 timothy, $1 5 00® 16.00; No. 1 prairin, $12.50®IS.60: choice alfalfa. $24.00®24.60; clover, mived, light. 914.60@15.50; clover. $15.60016.59. Kansas City. Dec 11—Wheat—Close Dee. 91,11%; May, $1.11%; July. $1.03% bid. Corn—Dec., 6$%c, May, 69V July, 69% e. _ Minneapolis Crain. Minneapolis, Poe. 11.—Wheat—Cash N.o 1 northers. $1.20% %% 1.27 % ; Dec., $1.18%; M u $1.14% ; July, $1.15%. Corn—No. 3 yellow, «8%@66%c. Oate—No. 3 white. 39%®'41%c Barley % 62® 64c. Rye—* No. 2. 82%c®82%€. Flax—No. 1. $2.61@2.63. 9t. I50c; seconds, 14® 46c. Fggs—Unsettled; receipts, 4,268 cases; firsts. 49'(7 63c; ordinary firsts. 42® 16c; miscellaneous, 46®60c; refrigerator ex tras. 28% ® 29c; refrigerator firsts, 26 %@ 27%c. _ New York Poultry. New York. P* ■ 11—Live poultry, firm; chi. io ns ! y fr^ighu 21<*; by express. 21@ 22c; fowls 18j 24« . rooster?. 15c; turkeys. ; >)n. Dressed poultry. steady; western chickens, 23® 42c; fowls, 16# 31c; old .roosters, 16® 29c turkeys. No. 1 fresh. 48® :Uc. Live Stock Omaha. Dec. U. Receipt# were Cattle. Hogs. Sheep. Monday estimate. .11,600 10,600 11,600 Same day lost week..11,290 11.946 10.108 Same day# 2 w‘s a'o..11,662 6.990 8.242 Same days 3 w'a a’o..14,810 12,606 1^.115 Same day year ago. . 4.507 6,266 14,646 Receipts and disposition of livestock *t the Union stockyards, Omaha, Neb., for .'4 hours ending at 3 p. m. December 11. 1922: RECEIPTS—CARLOT. Horses and Cattle. Hog*.Sheep.Mules. C M d St. P 33 29 Wabash . 1 . Missouri Pacific ... 1 Union Pacific 133 17 33 C. * N XV., east.. 7 A 2 1 C. fr. N W„ west.. 67 4u 11 3 C., St. P . M. Ar O. . 52 9 3 C . B. * Q, east- 5 . f\, B. & Q., went.... 109 *.i C, R. T. & P., east.. 19 1 .. 2 C.. ft. I & P.. west. .6 2 .. C. O. W 13 2 Total re-Mpta . 140 14! 52 9 DISPOSITION—HEAP Cattle. Hog.*?. Sheer* Armour A Co.1.426 1.790 2.46. Cudahy Pack. Co..1,653 2.616 2,80i Dold Pack. Co. 123 1.572 - Morris Pack. Co... 1.138 1.4.61 1.599 Swift * Co.1.35* 2,058 2,834 J. \V. Murphy . 52 .... Swartz & Co. 6 3 .... Armour. Soo Palls. . . 670 ...» Lincoln Pack Co... It6 ... •••• Wilson Park Co... IIS .... •••• Swift, Ft. Worth... 7 3 .... .... Nagle Park. Co.... l-$ .... .... Hoffman Bros./.... 2 .... .... Mayerowieh A Vail l .... •••• .Midwest Pack. Co.. 43 .... .... P. O'Pea . 18 .... .... Omaha Pack. Co.. 23 .... .... John Roth & Sont>. . 6 1 3 .... S. O. Pack. Co. 36 .... .... W. A D. lor Denver 346 .... .... Sinclair . 76 .... Benton A Van Sant 62 .... .... J. H. Bula . 1"3 .... .... J P.L from Denver 23 .... .... W. TT. Check. 56 .... .... E. G. Christie & Son l . Penn Is A Francis 56 .... •••• Roa'ck. from Denver 421 .... .... 1 w*. a M , from Den. 199 . John Harvey . 381 .... .... George Carey . 40 . .. .... Kirkpatrick . 133 .... . Lubberger . 62 .... .... T. J. Inghram. 16 •••• •••• F. G. Kellogg. 625 .... .... M.-K. C. & C. CO..' 10 ••• •••• J. B. Root & Co. . . . 59 . Rosenstoclt Bros. . 80 .... .... W'.B. Van Sant A-Co. 5 . Wertheimer & Degen 113 .... — Other buyers . 772 • • • Total ... .9.965 10,275 11.754 Cattle—Receipts, 11,500 head The early trading was very slow with both packers ami shippers paying steady prices for the choice offerings and bidding 10# 16c lower on the plain and warmed up cattle. Un dertone to the market vas w«nk and aside from the beat grades trend of values v aa unmistakably lower as far as beef ste«rs and butcher cows were concerned. Demand for Stockers and feeders was broad and the limited offering* of this character moved readily at steady to stronger figures. Quotations on cattle: Choice prime beeves. $J 1.00® 13.00; good to choice beeves, $9.60® 11.00; fair to good beeves, f £.00#9.60; common to fair beeves. 16.50 ®H.00; choice to prime yearling*, lit.25# 1X00; good to choice yearlings, $9.26® 11.26; fair to good yearlings, 17.76# 9.26; common to fair yearlings. $6.00® 7.50; good to choice grass beeves, $6.50# 7.50; fair to good grass beeves, $?.50# 6 35; common to fair grts* beeves, $4.00® 6.26. grass heifers. $4.0O#6.OO; good to choice grass cows. $4 4n® 6.25; fair to good grass cows, $3.50#4.40; common to fair grass cows, $2.00# 3.25; good to choice heifers, $7.25#7.85; fair to good heifers, $5.25# 7.25; good to choice cows, $5.25® 6.25; fair to good cows. $4.00#6.00; com mon to fair cows. $2.00 #3.35; good to cholco feeders, $7.00#7.60; fair to good feeders. $6.00#7.on; common to fair feed ers, $4.50#6.0O; good to choice Stockers, $7.00#7 75; fair to good stookers, $5.75® 6 75; common to fair Stockers. $4.50® 5.75; stock cow . $2.75#3.60; stock heif ers. $3.5Q#5.00; stock calves. $3.50#8.00; veal calves. $4.50#9.60; bullr^, stags, etc. $3.On# 4.7 5. BEEF STEERS. No. Av. Pr. No. Av. Pr. 21.1267 $7 75 19. 99* $8 00 j 18 .i26S 8 10 3.1 08'j 8 65 ! 19 .1220 8 90 20.1135 9 05 49.131 4 9 35 38.1324 10 00 STEERS AND HEIFERS. 7. 605 8 00 21 753 S 80 COWS. 9 .803 2 50 8. 935 3 26 14. 885 4 26 12.1120 1 50 7.103S 4 75 4.1132 5 00 HEIFERS. 13. 642 5 00 4 857 5 30 5. 744 5 75 STOCKERS AND FEEDERS. 10.667 6 25 11 865 6 35 10 . 682 6 90 32 941 7 00 Hogb—Receipts, 10.500 head. Hogs met with a good demand again toduy apd trading was active at strong to 10c higher prices. Light hogs arid butchers sold largely at $8.1008.20 with a top prici of |8.25. Mixed loads moved at 17.60 (q 4.00, and packing grades largely at *7.25®7.50. Bulk of sales was $7,850 8 20. HOGS. No. Av. Sli. Pr. No. Av. Sh. Pr. 59. .32•> 70 $7 45 61 ..313 280 $7 60 66.. 260 .. 7 85 70 273 150 7 90 89.. 1*2 70 7 95 93..221 140 8 05 73. .190 200 8 10 m2. .192 ... 8 1c 65. .259 8 20 84. .234 ... 8 21 Sheep anil Lambs—Receipts, 11,5"0 head The market was tairly active on fat lambs at prices generally about steady, woo led lambs selling largely at $14.50014.70 with a top price of $14.76 Several 1 r*t8 of fed clipped lamb* sold at $12.75. The small I supply of feeders on hand m«*t with an active demand and sold at 2 3 ® uOc higher prices with a top price of $14.35. Sheep were steady to strong, ewes selling at $7.oo and wethers at $8.15. Quotations on sheep and lambs: Fat lambs, good to choke, $14.4O0> 14.85; fst lambs, fair to good, $13.5«® l 4.40; fat clipped Iambs, $12.25012.85; feeder lambs $13 00®14.26; yearlings. $10.60012.25; v ethers, *7.5008.60; fat ewes, light, J8..0 0 7.25; fat ewes, heavy, M.n0®6.00. C hicaico I.hiNtork. Chicago, Doc. U. — rattle — Receipts. 28,000; beef steers, uneven: largely steady to 15c lower; beef steers of value to sell at $9.50 and below, reflecting decline; top matured steers. $12.26; best yearlings. $11.00; bulk fed steers. $8.50® 10.00; Stock ers and feeders, steady to strong; she stock, bulls and veal calves, generally steady: bulk desirable venl calves to pack ers. around $9.00; few upward to $9.50; outsiders, upward to $10.60; bulk stackers and feeders, $6.nn®6.75; bulk fanners, around $2 75; bulk beef cows and heifers, $4.00® 6.60. Hogs—Receipts. 52.000; opened 10c Higher; closed weak, unevenly lower than Saturday; bulk 150 to 275-pound averages, i $.8 35 ®» 8.60; top. $8.65, early; packing sows, mostly $7.60®8.00; desirable pigs, mostly $s. 40® 8.60; estimated holdover, 9.0 oo. Sheep and I iambs—Receipts, 28,000; fat lambs, fully steady; top, $16.60, to pack ers and city butchers; bulk fat woo led lambs, $14.75® 16.25; culls, mostly $11.00® 12.00; desirable 85-pound fall clipped fed lambs, *13.75; feeder supply, very light: 66 to 60-pound feeding lambs. $14.60; ore deck 90-pound yearling wethers, $12.75: feeding yearling wethers, $11.00; average. 83 pounds Sheep steady to strong; 100 pound aged wethers, $8.00; fat eves, up to $7.75. Kunsnt City Live Shirk Market. Xieaat* City, Mo, Deo. 11.—(United | State* Department of Agriculture.)—Cat tle—Receipts, 2*5.000 head; beef 6teers, around steady, undertone weak and gome bids lower; early sales. f5.5009.50; best lot on sale bid $10.25; canners, mostly 10c to lie higher; bulk. $2.10 0 2.25; best verniers. $9.00: few good and choice cows. $5.0006.00; bulk other grades, $3.50(8)4.50; cutters, mostly $2.7503.25; bologna bulls, largely' $3.6004.00. Ilogb—Receipts. 18.000 head: market strong to 10c higher: mostly 6c higher; packer and shipper top. $k 35: 140 to 160 pounders. mostly $S 000 8.10; hulk de sirable 180 to 270-pounders. $8 1508.30; bulk of sales, $8.1008.30; packing sows, strong to 15c higher, mostly $7.6007.66; stock pigs, steady to 2?.c lower; bulk, $7.2507.50; few loads. $7.75. Sheep—Receipts, 6.000 head; killing classes generally steady: fed lambs and best natives largely 114.25© 1 4.75; clippers. $14 00; yearlings. $12.35; wethers. *8.50; fed ewes, largely around $7.00, best, $7 25. Sioux City live Stock. Sioux City% Ta . Dec. 11.—Cattle—Re ceipts. 2,600 head: marker steady to strong; fed steers and yearlings, $8 00© 10.00; market steady to strong; warmed up steers and yearlings. $5.75©7.50; grass cows and heifers, $3 60©5.00; fat cows and heifers, $4.50 0)8.25; tanners, $2.26© 2.75; veals, $4.00©9.09; feeders, $5.00© 6.50; calves, $3.50©7.00; feeding cows and heifers, $3.00©4.50; stockers. $4.50©R75. Hogs—Receipts. 6,000 head : market stt-aily to strong; butchers, $8.0508 25: top. $8.30; mixed, *7.7508.00; packers. $7.26©7.75; stags, $3.76 0 6.00; bulk of sal-. $6.0008.20. Sheep—Receipt*. 600 head; market steady. | Financial NEW YORK TIMES. Omaha Bee Leased fl Ira. New York. Dec. 11 —Foreign ex change Indisputably held the center t>f the financial stage today. Sterling again led the market, advancing 2'ic to a rate of Jl.fiSls. which was 6Nc above that of a week ago, 13*sc above the quotation of the day when the in terest payment to our treasury was completed iti November, and 227ic above the rate which was leached in tho last days of September. This is actually a more rapid advance than has been scored at any time since the violent upward movement at this time last year. A further rise, only -to greater than that of the last 1" weeks, would bring the sterling rate back to par of exchange. No one ex pects such a result to be achieved just yet. It is not easy to doubt that the ex ceedingly rapid rise of the past few days has been connected with the London conference on reparations. United Mates Bonds Advance. On the Stock Exchange the continuing advance of United States bonds was again the incident of the day. The new 4Us and moat of the older Liberty bonds sold a fuii point above their very recent low prices of the season. fit her bonds held firm as a rule, though not changing greatly in price. Tiie day s stock market hardly deserves notice. Its narrow, purposeless and con flicting movements appeared to Indicate nothing more than tho activities of small speculators pushing against one another. Financial Topic*. Reports were again In circulation that the merger of several smaller oil com P riles with the F'roducern ami Refiner? corporation is about completed. repre sentatives of Blair &■ Co. said they could neither confirm nor deny the report. One member of the firm said that all that can bo made public at this time la “that no contracts for any merger have been closed, up to this time." Despite the fact that. Wall street named four companies as being interested in the deal, tho bankers would not say whether the concern? men tioned wi>r« the ones which Producers and Refiners would take over. It was reported In executive quartets, which are close to Washington that the merger of the packing companies con trolled by the Armour-Morris interests will not be countenanced by the govern ment. One explanation of this situation was that the merger of these concerns would react most unfavorably on tho agri cultural communities, in the opinion of the governmental officials, and that the knowledge of this condition was said to have led to a decision against the con solidation. Local bankers are understood to be going over tho financial statements of four fairly prominent oil companies, the purpose In mind being the consolida tion of tho corporations into one large combination. Tho feur companies under stood to bo Interested in the combination are tho Union Oil company of California, tho Pure Oil company, the Transconti nental Oil corporation and the Arkansas Natural Gas company. of the concerns mentioned, th*» Union Oil company of California la in the stronger position. Ac cording to tho information, the price at which the stocks of the Transcontinental Oil and Arkansas Natural Gas company v ill be taken into the combination have been agreed upon, but the hitch lies In the price at which F'ure Oil stock will be taken. New York Quotations Kang* of price* of tlie leading stock* furnished by Logan & Bryan, IMS Peters Trust building: RAILROADS. Sat. High. Low. Close. Close. A T & S V.101% 10"-» 101 101% Balt At Ohio. 43% 4- h 4 5% 42% t'an Pacific .142% 141% 142% 141% N* Y Central . 96% 94% Ht.% 8<--% Oh os Af Ohio . 66 65% 66 66% Great Nor . 79 77% 12% 12% Illinois Cent .....107% 107 107 107% Kan City ho . 19% 18% l8*» 19 I .thigh Valley .... 63 63 63 6S% N Y Ar N H . 22 Vi 21% 22% 22% Nor Pac ..... 76 74% 7 5 75% Clli & N W . HI HO % 80% 80% Penn R R . 16% 16% 46% 46% Reading . 77% 76% 76% 761* Cltl&P. ...... 32% 5 2 % 32% S 2 % So Pacific . Hi *6% 86% 86% So Ry .. 2 4 23% 2 4 33 % Chi M Ae S P- 22% 21% 22% 22% Union Pad.138% 137% 137% 136% STEELS. Am Car Found.. .184 % 18 1% 184% la4 A llis-Chalmer.s ...44% 44 44 % 44% Am Loco .133% 122% 123 123% Bald Loco .124% 122% 122% 124 Beth Steel .62% 62% 62% 62% Col Ful & Iron.... 26 2- 25 25 Crucible . 66% 61% 66 6 5 Am Stool bound.. 38% 38% 38% 38% Lack a Steel . 77% 77% 77% 7 8 Midvale Steel . . *. 23% S3 28 24% Pressed Stl Car.. 79 Rep Stl & Iron.... 47% 46 46 % 47% Ry Stool Spgs....ll3% 113% 113% ... U S Steel .103% 102% 103 103% Vanadium . 34% 34% 34% 34% Mex Seaboard .... 16 15?* 16 16% COPPERS. Anaconda .4'*% 48 48% 4 8% \ni Snilt «fc Ref Co 64% 64 ’>4% 64 Orro Do Pasco... 43 42% 43 43 Chill . 27% 26% 26% 2G% Chino . .. 23% 23% 23% 23% Green Cananea.. 24% ' Inspiration . 33% 53% 83% 33%, Kennecott . 36 55% 36% 85% Miami . 27% 27% 27% 27% NeV. Consolidated. 14" Ray Consolidated.. 13% 13% 13% 13% Seneca . 8% 8% 8 Vs .... Utah. 63 62% 62% «2 011,3. General Asphalt .. 48 45% 16% 46% Cosden .. 49% 49 4 9 49% Cal. Peteroi .56% 55 55% 68 Invincible Oil. 15% 15% 15% 15% Mexican Peteroi.. .257 235 236% 239% Middle States.... 12% 11% 11% 12% I a ific Oil . 47% 46% 46% 47% Pan-American .... 99% 97% 9$ 99% Phillips . 44% 43% 44% 44% Pierce Oil. 4% 4% 4% 4% Pure Oil .*... . 28% 27% 27% 2m % Royal Dutch . 58% 62% 63% 63% Sinclair Oil . 52% 31% *31% 32% Stand. Oil. N. J..199 198 198 199 % Texas Co. 49% 48% 49 49 Pnion Oil . 18% l*>% J*% 18% White Oil . 4% 4% 4% 4% MOTORS. Chandler . ... 63% 62% 63% General Motors... 11 1;.% i % j ;% Wlllys-Overland .. *5 5% 6 G Fierce-Arrow . 12% 12% 12% .... White Motor . 49% 49% 49% .... Stud{baker ....... 133% 131% 152% 1 % R U R B ER A N D TIRES Fisk . 12% 12% 12% 13% I Goodrich ........ 35% 3,i 35 34% ! Kelley-Spgfld ... 45% 44% * i % 4 < % ! Keystone Tire ... 11 10% 10% P % Ajax . 13% 12% 12% 13% U S. Rubber.. .. 32% 52% 52% 62'.! I ] NDUSTR1AL8. Am. Beet* Hugur... 41 40% 40% 43 : A . G. & W. I. . . . 24 ! Am. Int. Corp.... 59% 28% ■•9% 29% Am Sumatra .... 28% 27% 28 .... Am. Telephone ...124% 123% 1 4 , l _ % • *, I American Can .... 73% 7-% 73% 73% i Central Leather... 4% 33% 34% 33% y tuba Cane . 14% 11% 1 1 % 11% | Cuban-Am. Sugar. 25% 21% 23 % 25% Corn Product* ..133% 130% 132% 120% ! Famous Players... 93% 93 92% 93 ! General Electric. ..182% 180 182% 180% j creat Northern Ore 314a 31% 31% In- Harvester. 89% 88% 88% 88%' r. S. I ml. Ah-ohol.. fifi % 63% 6 3 nr, % Int. Paper.. 52% 52 52% 53 Int., At. M., pf'l • • 51% 51% M-% 51% A m. Sugar Ref.... 76% 76% 76% 76% Hears.Roebuck ... 82% 80% si 81 Htromaburg . 67% 66% 67% 66% Tobacco Product*.. 55 5 1% 64% 64% Worthington Pump 32% 29% : i % 29% Western Union.... 115 % 112% 114 .... West Electric.... 59% 59 69% 59% Am. Woolen . 95% 95% 95% 95% >11SCELLANEOUS. Am. Cotton Oil. 18 Am. Agri. Chem 31 % 31 31% 30% Am Linseed . 30 30 30 39% Bosch Magneto .. 35 34% 4% . ... Bklyn Rapid Tr... 16% 30% 16% 16% Continental Can.. 108% 105% ioh*h 106% Calif. Packing.... 81% 80% 80% .... Col. O. & K.101 100 % 100 % 100 Columbia Graph... 2% 2% 2% National Enamel., 65% 65% 65% 66 United Fruit ....159 157% 158 157% National Lead ...,129% 124% 126% 124% Philadelphia Co. 4 % Pullman .127% 127 127% 127% Punta Ale Sugar. 48 4S 48 48 Retail Stores . .. .. 71% St L. & fl. F . . 21% 21 % 21% Va. Car Chem . 26% 25 25% Total sale*, 718,300. Money—Close, 4% per cent. Marks—Close. .0001 %. Francs—Close, .0706; Saturday '.-lose, .0710. Sterling—Close, 14.57%; Saturday close. 14.67%. New York Bonds New York. Dec. 11.—No definite trend was apparent In today's relatively dull dealings* in bonds, gains and losses being about evenly divided at the close. In the foreign grour, Mexican 4s- gained a point and f»< me Improvement was noted iu ("tilted Kingdom 5N* °f pro sums My in sympathy with the hlgii-r ex change rates, while Lyons 6s. Prague *’*■ * and Serbian 6s lost a point ra< h. A goo-) volume "i th* recent buying in this group has been (or foreign account bt. Paul issues sliow*-d mixed change**, th* refunddig 4S» recovering all but l point of their .. point loss on Saturday and the 4h of 1925 advancing a point, whil tb Fugct Sound division is dropped 2V* points, the general 3'*p, 1‘a and th*: convert)bio 5s 1. . , Irregularity also market the rert or trio railroad list. Frisco adjustment 6s climb ing 2Va points and the income t.a drop ping 1*4, losuos ..f 1 to IV, poinis also taking pl.oo in Mlnneapolls-PI Louis re fund.n* -e. N“W Haven Pr. Jo'>a Central j. rporlu ,V Eastern inroino 4a Chicago .v' Alt "li Mis and Sr» lurk Onlral IV* A 7-point gain ..n I'lstlll.-.rs' S«curitl-« .... iho outstanding fealuro in tno industrial group, other strong spots In whi»*h wero I’txiducors ami Refiners *s an-1 gp xsith warrants. American Agriculture . hemi. il 5#. Chile Topper 7s. Cuba uu^ 7s and sr-. and VirginIs.-Carolina. Chemi cal 7l»5, Republic Steel 5s were weak. United States government securities were mainly higher Losses of 4c on $100 took place in Liberty 3’^s and tn« Third 4’4s, but the other active issues showed gains ranging from 2 to 14 Pgirit*; Total sales (par value) were $U.»o9.000. Noxy offering# totalling more than 000 000 wer»* put. out by local syndicates, the largest b*tng the f 15.666.700 Issue of closed mortgage and collateral trust sink ing fund 7 per cent convertible bonds * r the Dunlop Tire and Rubber corporation of America, offered at 9oc to Meld 7.50 , per cent Other large Issues were the 42 500.000 CiVa per cent offering of the Adirondack Power and Light corporation. t\ 000.009 of St. I*ouis county, Missouri. Djh road bonds arid $1,006,000 5 per tcnt 1 bonds **f the Wichita Land bank. V, 8. Bond*. 49i Liberty *'>* .t«n 4« 104.30 . 1 Liberty 2d 4*. 08 46 .• *3 Liberty let »» 24 »»•»* 10 ,3 Liberty 2d «’.* ■■ »-».«* «"•” »** 629 Liberty 3d 4 ’*» - •• 99.0S 9S.0J 98,9 S20 Liberty 4th 4'tP. 98.98 98.84 98.90 P‘2 Victory 4%s uncall.100.42 100.88 . 24 Victory 4%s cal..100.00 ..... ••• • 961 New 4%B.9* 9, 74 99,84 foreign. 27 Argentine 7b .100% 100% 100% 2 City of Berne SB...Ill ••• ;••• :city of Bord 6.*.... 7h% 7 8 *s * . 9 City of Chria 8a....108% 10S% 2 City of G 5%* • 9°% 9 c of Gtr Prag 7%s 71% 73% 74% , 21 City of Lyons 6s.. 78% 78 j^s% \ 16 City of Marseilles 6s 78% 77% 7 5 1 Cof H do .1 8s.97 • • • • *; City of Zurich 8a.. 112% 112% .... 24 « zechOB H*%p 8s ctftt 87% 86** .... 19 T>anl8h Mun 8s A.. 108% 1°8^ .... 56 Dept of Seine 7w. 86 83% • ••• 76 D of C 5% Pet n ’29 .101 % 101 % ... IK.-. T> Of C 5* '52. 99 9*3« " 5 7 Dutch B T 6s ’47. .. 94 Vi 93% .. *22 Dutch IS I 6s ’62... 94 93% M b2 French Hep Sa. 98% 95% Q8% 1 _• l French Hep 7%c.... 944 92% 12 Hol-Aui Ltne 6s.... 87% 87 v • 4 2 2 Japanese 1st 4%s.. 93% 93% 91% 87 Japanese 4s .M 4 • ■ - • • • • 2<» Kgdm of Bel 7%s..l00% 100% 100% 26 Kgdm of Bel 6* 95% 98% •••• 18 Kgdm of Pen 6a... 98% 98% 68% 1 Kgdm of Italy 6%s. 93% . .38 Kgdm of Neth «3.- 99 98% . .. 16 Kgdm of Nor 8b....111% HI 111% 16 Kgdm of Swed 6s..1044 . 146 P-L-M 6a . 73% 72% .... 19 Hep of Bolivia 8a.. 93% 93% 93% 2 Hep of Chile 8* ’16.103% 303% 103% 1 Hep of Uruguay 8a. 104% .... -• • • 5 St of Queens 7s....108 .. 15 St of Queens Gs....1014 10°% 100% 19 St Of 8 P * f 89... 98% 97% .... 3 Swiss Con fed 8s....1l7% 117% .. . 119 T'KofOLAT 5 %» ’29.1124 111"* H24 4 I'KnfGB&I 5.%s ’37.102% 102% 10:% i 20 1’ S of Brazil 8s.... 99 95% 98% j 16 V S of Brazil 7%*.. 93% 93 !C% \ 38 VSofB-C Ry K1 7*87% v6% 86% 16 1' S of Mexico 6*.. 6‘* 51 ••• 55 U S of Mexico 4n... 37% 37 | Kailway and Miscellaneous. 95 Am Ag t'hem 7%sl02% 102% . 24 Am Smelting 5s... 93% 93 93% 51 Am Sugar 6s..102 101% 102 22 Am T & T cv fis. .116 115% 1L>% 45 Ain X * T col tr 5a 98% 97% 98% 10 Am T & T cnl ts... 91% 91% .... 1 Am Writ Paper fis. 84% .. 12 Am IVa W E 6s. 84% 84 .... b* Ant Jur M W 79 74% 7S% 29 Armour & Co 4%s.. 90% 90 90% 14 At T Sz S Fe gen 4s. 90 89% 90 16 Balt Ohio 6s-101 11*0% 100*; 28 Balt Sr Ohio cv 4%s 80% 80% .... 10 Bell Tel of Pa 7s. . .108% . 4 Beth Steel ref 6a... 95 .... .... 2 Betli Steel p in 6s. 93% . 4 Bkn Erli gen 7s B.108 107 % 108 3 Bkn Ftp Tr 7s ctl's. 90 1 Cal Gan Sr Bloc 6s. 95 ... . ... . 5 Can Nor 7* .112% 112 112% 17 Can Pac deb 4s... 79% 79% .... 6 Cent of Georgia Cs.100% .... 18 Cent Leather is.... 99 96% •••• 5 Cent I’ac gtd 4s... 86% ■ • ••• 26 Cerro de Pasco 98.128*3 128% •••• 59 Chen Sr. Ohio cv 6s. 93 92% • 14 <’hr.s & O cv 4%a. 89 58% . • • • . 23 C S Alton 3%s.23 2 4 .... H C B & Q ref 5s A..100% 100 - 46 C Kaat 111 5s. ... 81% 81% 51% 4»’ Gt Western 4s.. 51% 61% 61% • 40 CM&BPctaB 67 66 67 t 155 C M S ry 4%s.... 65 6 4 64% j 109 C M & S J* rtf 4%s 58 66 67% 2 Chic «• N W 7*-109 . 10 Chicago H>s 6s.... 77% 77% 77% 2 r K I & P gen 4s.. 82 .... .... 14 C R I Ac P ref 4s. . >3% 8.: - si Chilo Copper 7w....ll!% 110 110% 49 Chile Copper 6a... 96% 96 96% , 15 C C C S li gen 4s 8^*3 79% 80 3 Col & South r- f 4%s 87% 5 7 87 % 5 Col Gas & Elec is.. 96% 06% 96% i 16 C C of Md is. 88% 88 . ... 50 C C S deb 8m. 90% 90 90% I 10 C J4 R 7%s A.105 - . . 1 2 Cub Am Sug *s_107% 1"7 107% I 0 1> \{ a ref 46% 46% . ... 10 l>et Edison ref os. 103 . 3 5 Detroit L’n Rye 4%s 85% 8 5 .... 3 Donner Kto**l ref 7s 90 8 9'-, ... 15 DuPont de N 7%s..l04 10'% 104 9H Km G A- F 7%s ctfa 93% 93 03% 6 Frio pr li< n 4s 56% 66 56% 169 Krie gen lien 4s.... 4 1% 44 44 '4 24 Fra in I D 7%s_ 90 89% 90 11 Gen Eleo deb 5s_101 100% 10! 8 9 Goodrich 6%s .101% 101% 101% 22 Gdyr Tire 8a ’31-99 98% 98% H Od> r Tire 8s ’41-114% 114% 114% 9 G T Ry of C 7*... .112 14 G T Ry of f! 6s-101 103% 104 8 Grt No 7s A.110% 110% 110% 10 Grt No 5 % s B.102 % 102% ... 7 H A M ref f-s A... 84% 8 1 8 4% 65 M A M adj ino os.. 61% 61% 12 Humble O & K 6%s 98% 98 88 % 8 111 Central 5%s_101% 101% _ r> 111 Central ref 4s... 87% . 16 111 SU deb 4 %s_91 % 9! .... 3 Indiana Steel 5a....101% . 43 Int-M 4 %s ctfs atpd II . 118 lilt U T 7a. 93% 95% 95% 6 Int R T ref 6s. 74*. 73% 74 33 Jut R T ref 5a ctfs. 74% 74 _ 10 1 A 1 IN adj 6s wi.. 48% .. 13 Int M M s f 6a... . 89% 89% 89% 14 Jnt P r*'f 6a B. 87% 87 87% 3 la Central 4s... 36% ..i 17 KC FtS & M 4s.... 79 % 79 1 4 Kelly-Spring T 8s..107% .I 4 Lack SU 6b '50. 9 A Cal 1st 5s.. . .100 . 2 O S L ref 4s. 92% . 30 O-W R K A N 4s. . 81% 81% 81% 7 Pac U A L 5s_ 92% 91% 92 30 P T T 1952 ctfs.. 91% 91% _ H Packard M Car 8s..107% . 3 Pa n-Am P A T 7s..102% . . .. Penna It It 6%s..ll0%110% . .. s Penn It R gen 5s.101 % 100% 8 Per.n K R gen 4%s 92 91% 92 13 P A. East Inc 4s.. 29 28 29 2 Fere Marq ref 5s.. 97 . 1 Prod A Ref 8s w w. 118 . 5 Pub Service 6s.... 85 8 4 .... 6 Reading gen 4a- 81% 81% 5 4% 16 Rem Anns a f 6s.. 93% 93% _ 13 Rep I A. 8tl col 6a. 93% 92%, .... 3 R I A A L 4 %s . .. 89 % 80 10 SLIMAS4.«RAO div. 34% 84% _ 46 FLA-SFp 11s A. 70% 7'*% 136 St L&SF adj Us.... 77 74?* 74% 177 8t U6F inc 6a. .. 69% 58% 69 4 St. L Sow con 4b. .78 77% 78 , 3 8 A A Ar P tat 4a. 75 .. 4 Sea A Line con 6s. 60% 59% ... 32 St a A Line adj &». 23% 22% . . [ 10 Sea A L ref 4?. 40 . 3 Sharon SM Up 8s A 99% 93 99% I 4u Sin t on Oil col 7s.. 101 % lon% 1 oj »s» j 11 Sin Crwd* Oil 6%s 98% 98 9*>% I 1 So Poll Tel 6s .95 j 23 So Pa- cv 4s.9 7 91% -: 14 So Puo r*'f 4& ...87% i 1 So Pao col tr 4s. . . 85 . ' l'.< So Qy gun 6% a.... 101% 1"1 101% 1 23 So Ky gen Is.67% 67% . . ! 3 So P H Sugar 7? ?f* % 99% 99% j 23 S Oil Cal deb 7s...106% 1»6% 106% I i Tex A Par 1st 5s. 9 1% 6 Third Ave ref 4s... 61% 67% 10 Third Axe adj 5b.. 57 66% 66% i 1 Tidewater Oil 6%s.lo3 10 Tol St LAW 4s . ,6% 75%*75% : 29 Union Pacific 1 s*t 4s 91 n 91% 91% 7o Union Pacific c 4s.. 95% 94 % 95 5 United Drug Ss. . . . 112% 112 ■ 112% 1 Un Fuel (lay 6s. 97% .. 5 V S Realty &».... 99% . 31 U S Rubier 6s. . 83 88% 89 39 V S Steel s f 6a. . 103% 102% 1“J% 4 Utah P A Lt 6s 91 % 91 20 Va-Car Ch 7%a w w 92% 92 92 % 28 Va-Cur Ch 7a ctfs. 96 95% 95% 36 Va Ry 5s . 97% 9 7 6 Wabash 1st &s . . 9S ... P» West Md 1st 4«. . . 63 62 % 63 j 6 West Par 5a.8''% ^»0% ... 1 3 West Union 6%h..1o9% .| 7 Wert Electric 7*_107% 107 .... 2 Wil A Co b f 7%*.. 1<%% 104 _! 8 Wil A Co cv 6a_ 95 94% Total sales of bonds today w*re >1.639. 900 compared with $5,622,000 previous d*y I and $16,063,000 a.year ago. C hictigo stocks. Range of prices of the leading Chicago «tr>eks furnished by Logan & Bryan, 2D Petera Trust building. ClO.«e. | Armour & Co , p/d. 99\ Armour Leather com. ... 101H Cudahy .. H2V. Edison com. .1 “0 Cent. Motor . .. 11 Diamond Match . 11* Earl Motor . *i Libby, new . 7 ; Montgomery*Ward . 21’a \'at. Leather, new . 7*% Piggley Wiggly . 52*«. i Stewart-Warner . 57 i Swift A- Co.107 >3 , Swift Int. . . . 10 U f Union Carbide . HO’- j Wahl . u4»* Wrigley ..lit-* 1 New York General. New York Dec. 11.— Flour—Steady; j spring patents. $4.60&7.0ft; spring clear* | $5.50 <0 6.00; ROt'f winter straight.1. $5 90@ j 6.25; hard w inter straights, $6.1 5'f\ <1.50. Buckwheat—Dull; American, $2.10; Ca nadian, $1.95. Cornmeal—Steady: fin< white and yel low’ granulated, $2.10@2.20. Wheat—Spot, steady: No. 1 northern spring, Sl^.'Da. No. 2 red and No 2 bard winter. $1.3H; No. 1 Manitoba, $1.29*; and No. 2 mixed durum. $1.21 c. 1. f. track New York spot. Corn—Spot, easy; No. 2 yellow and No. 2 white, 91 *; c and No. 2 mixed, 91 Uc o. i. f New ^ork. all rail. Oats—Spot, firm; No. 1 white, Ilay—Steady; No 2 $26 00@27.00; No. 2, I24.00@26.00; No. 2. $22.00@ 24.00; ehip plng. $ 19.00@24.00. Hops—Quiet state 1922 21@24c; pa cific coast 1922.18c; 1921. 14@l&c. Pork—Steady: mess, $28.00@2s.o0; fam ily, $80.00@ 32.00. I*ard—Steady; middle w egt, $I!.40@ 11.60. Tallow—Steady; Special loose, 7’;c; ex rta. 7 44c. Klee—Steady; fancy head, 7@7$;c. 8t. l/ouis Livestock. East St. Louts, 11!.. Dec. U.—Cattle— Receipts, 11,000 head; beef steers, steady; light yearlings, cows and canners. steady to strong; bologna bulls, steady; light vralers, steadv to Me higher; stocker steers. 25c higher; hulks follow ; Hteers, $6.50© 9 00; light yearlings, $5.000 7.50 ; cows. $4.00©' 5.25; canners $2.35©i2.50; calves, $9; top. $9 50; slockor steers, $1 25 ©6.00. Hogs—Receipts. 17,000 head; market, active, about steady to 10e higher; top, $8.65; few early sales. $8.50; bulk all weights about 130 pounds. $8.5&©>8.60; bulk 110 to 130-pouml pigs. $8.25 (a H. 50, pewees, $7.85 ©8.00; packer tow?, $7.25©/ 7.50. Sheep and I.ambs—Receipts, 1.500 head; market, steady to 15c higher on lambs; tour decks local fed lambs. J6c higher to butchers and packets at $15: other lambs, ' $14.60"/ 14.*5 ; bulk. $14.50 © 15.00; culls,. $10.00© 1100: fat ewes, unchanged: bulk handy weight. $6.50; heavies, $4.00©4.50. St. Joseph Live Stock. St. Joseph. Mo, Dec. 11.—(IT. S. Pe partment of Agriculture)—Cattle—Re. ceip/s. 3,000 head; most classes fully steady; no choice beef steers and yeallngs her; heft steers offered early, *9.15; bulk desirable steers und yearlings. $7.50©9.00; Plainer ones down to $6.00; hulk beef steers. $4 25(a 5.50; od head up to $6.00: canners mostly around $2.25; veal calves, top, 19.60. Hogs—Receipt--. 8,000 bead: few early sal -s • hoice butchers to shippers, $8.30©} *•55; looks strong to 6fi higher than Sat urday’s highest time. Packer* holding back; packing sows, weak a few early sales. $7 35. Sheep nnd Lambs—Receipts. 4,000 head; killing classes about steady; fed western wooled lambs, $14.60014.75; natives, $14.00 ©>14.25; summer clipped lambs, $13.25; good lnC-pound fed western ewes, $7.5°. Flauseo. Dulmh, Minn., Dec. l!.—Closing cash prices: Flaxseed.—December, $2.57% lid* Janu- | ary, ».’.54U, bid: Jlay. IMI'.j; July, »: 40 bid. J N. Y. Curb Bonds J8. w York. Per. 11 —Transaction* on tb« Now York curb market today were as fol lows : Domestic. 1 Allied Packer 6s . W % V.<% T5> 2 Allied Hacker 8* . 83% 83 83 6 Aluminum 7s *25..103% To3% 103% 1«» Aluminum 7b *33.106 1°6 106 11 Am tl ,v K ** ... 97% 97% 97 h 5 Am L & T 6s w w. .101 100% 100 % 6 Am T ,v T t.s 24.101 100% 101 All I '"Cl' f < . 1 ''0 % ) '""'J 100% .5 Ana Copper 7s *L9,103% 103% 103% 1 An* Am O 7%.* 103% 103% 103% lk Armour a- Co 7a .104% 104% 101% l Atlantic Fruit Ss. 35 35 35 l loth St 7s *23 ...104% 104% 101% 4 ltdh Ht- . l 7s ’55 ..103% 102% 102% 1 Can Pacific 6h . . .P’1% 301% 101% 6 Cent HP el Ss . . . 106 105% X06 7 Charcoal Iron 8s. 93 92% 92% 2 Cities Here 7s C. 95 9o 95 2 Cities Hcrv 7s P. 90% 90% 90% 2 t'oluin Graph 8s cts 37 >7 37 16 Con Gas Balt 5%s. 99% *<5% 9h% 1 Con Qua Balt 6s. 10.1% 103% 103% I Con Gas Halt 7s.. P* 107 107 4 Cop Mix As 8a 'Ll 101% 101% lul% .m poaro A. Co 7%»..102% 102% 102% 8 Gal Signal OH 7s.. 103% 103 105% l Gen Asphalt 8s ...103 P>3 103 •I Gr Trunk 6%s ...105% 100 105*4 1 Gulf Oil Vs .103% 1 "3 % 103% 1 Gulf 011 5s . 97 97 97 2 Hood Rubber 7s .. 99 99 99 •> Inter R T 8a *22 97 % 0 7 97 % 25 Inter R T vs rtf .. 97 96 % 96% Kan G A i: «’>» ... 97% 97% 79% 2 lv C P tV 1, 5s ... 90% 90:4 9«'% 1 Kenn Copper 7s ...104% 104% 104% 4 1 Laclede lia.s 7s ...101% HU 101 1 Lib McN a Lib 7s 101% 101% 101% 4 Louis G & 15 5a .. 91 % 91% 91% 5 Manitoba 7s ... 97% 97 97 % 2 Mia Pan 6a 1> .. 99 99 9* t Morris a Co 7%s .106% io«% pm % I N'hU Amu 7%s... 95% 95% 9 % Nation;'I L »bcr 8s. 101% 101 % 1"1% » NY. NH&H'trd 7s 78% VS 7S% I Pen I'nw A*. Lt 5s "8 ss *«< 1 Phil Kl 6s.105 I'l . | ', 1’ P Her Cor N .1 7s. 103% 1"; 10'! % 2 Robert Galr 7s... 97 v" 97 11 Sear- R’b’k 7a. ’23.101% 101 i 101% s Hheff’d F'ms 6%S.100% Joo% 100% 9 Hoi V ay a Cm he... 104% 10 4% 101% 12 HW Hei| Tel 7s. . .103 102% 102% 4 Std Oil NY 7s, ’28.106% 106% 106% 1 Std Op NY 7s. *o.l Oh % 108% 10h’> Htd Oil NY 7s, 31.109% |'i9% 109% 14 Hi.I Oi) N Y 6%h.106% P»6% ]"•;% *> Hun Oil 7s... ...10 2 mi 74 101% 1 Swift A Co 7s. '31.102% lt'2% 10C % 21 Swift a- Co r.s.. .. ».,% 9.;% 9 % 2 Tidal OtiagH 7s.. ..103 P‘2% pc 15 l"n Oil Prod 8s...ini pm 101 5 Ctd Rys llav 7 % >.JO 7 P>7 107 1 Vacuum Oil 7s .1"7% 107% p«7% 2 Wayno Coal 6s... 72% 72% 72% Foreign. .. 12 Argentine . s. '23.100% 100 100 71 King N'herl'tlg 6&. 99 ;ih% 9s% 30| N V, NH Kr 7s . 69% 67% 69% i Rep Peru 83. 97% 97% 97% 10 Russian 610 10 10 39 Russian 6%s et t> . . 1 0 9% 9% 10 Swiss 5 %s .103% in: % io;:% 91 U S Mexico 4s.... ,18% 381 < oa% »n York huger. Nior York, Dec. 11.—The raw sugar market was quiet ami as no snl*n were reported. prf«• a were unchanged with spot Cuba? quoted at 4c, coat and freight, equal to 6.78c for centrifugal Kaw sugar futures opened higher, hut soon eased off under increased offerings, prompted by the decline In r« lined and reports from <’uha that lit centrals worn now in operation, which led to the im pression that new crop receipts would inn ease. At the lowest pries show oil declines of 5 to 6 points on active posi tion*. but there was n slight rally near the elose. with final prices 1 point hlglu r on D^eember and 2 to 4 lower on other positions. Closing: December, 4o; March, 3.4;-e; May, 3.65c; July, 3.67<\ Tire market for refined sugar was ca*y ami 15 points lower, all refltvr.M listing at 7.10c for firm granulated with bueire light. Trading in refined future.# wa.v confined to 10 lots of June rtt 7 10c, or unchanged from the close of last week. ■New York Cotton. New York, Dec. 11.—The rottoa mar ket's tone wag fairly firm today. Thu list was up 15 t“ 20 points at the outset in sympathy with tho better ton© of Liv erpool cables, lower private crop esti mates than expected a nil tho continued rise of sterling to new high records. In the second hour .there was h ©light roces. sion. but (here was no Weakness. .Prices' continued to move in narrow limits into the afternoon, but offerings Increased in the Later dealings mil in the last hour the decline was noticeable Jr» the final period some options dropped obout 2 to 7 points under Saturday’s finals, but closed unchanged to 6 points tict lower. Local market for spot cotton was: <|uiot, unchanged, 2o.I0c for middling up land. Southern spot: Galveston, 24.95c, un- i changed; New Orleans, 26c, 25 pointr ad vance; Savannah, 25c, unchanged; Mem*, phis, 25c, unchanged. Houston, 24 90, un changed; Little Uock. 6c. unchanged. Turiwuit iii«* and Kosiii. Snvannsih, tin.. Dec. 11.—Turpentine— Sales, 2t>0 barrels; receipts, 95 barrels; shipments, 103 barrels; stock 13,830 bar rels. Uosin—Firm: sal©.*, 1.117 casks: re ceipts, 876 casks; shipments. 1,674 casks. New York Coffee. Now York, Dec. 1J.—Tim market for coffoo futures was very quiet, but. gen erally steady on some covering by near month short* and * little trad* buying Tho opening was 2 to 5 points high- r and December contracts sol-J up to 9.85c, while March advanced to 9 49* . with tin general market closing at a net advance of j to 10 points. 8awere estimat'd at about 1(>, *>00 bag*. December, 9.Me; January. 9ti6<-, March, 9.i7c. May, 9.i*c; July. 8 ? " : September. 8.37c. Spot e .fft o quiet . Rio 7a, 11c; isantot 4s, 15 015%c. >ew York Pried Fruit. Kev \ rk, D« 11 —F\ap< rated Apple# —Pyll; print* prate 1 f» 4 <0 lO-'le. Prune*—Quic.; California!*, 8 % 017’-4 o| Oregon*. 7# 12c. Apricots- Slow; choice, Ct'QJjc; extr.a Choice, 24027c; fancy, 25029c. Peaches — Quiet; choice, 12 4 0144*? choice to fancy seeded, liMfU*!*t:; §-• d« loss. 14 4 018c. Raisin*--fcJasv; ■> muscatels, I1tft> 13c, choice fancy t< • d* 1, 124 01*4i? aoe«lloss, 1102 3c. New ^ ork Dr> New York. I>rr. 11.—<0; ton good# "*,tt quiet, anticipations of the government cotton estimate to bo l**U‘d Tuesday be ing assigned a* a cause for hesitation among traders in gray ••loth* Price* con tinued to harden on cloth* for future de livery. Yarns were barely steady with a f»ir demand for knitting and lnpulauntf slock. ; Ilk was slightly eat.tr. We 1 goods were quiet with value* ttrm. Bu. laps were quiet. , l/ttndon Wool. London. Dec. 11.— \ fair selection amounting to 11,104 bales was suffered nt the wool auction sales today. The offer ings contained large quantities of cross breds. which were readily absorbed at re cent date*. Kiin*«iH City Produce. Kansas City, Mo, Dec. 11.—Uggs Q higher; firsts, -He. Butter—Unchanged; creamery, GI#5Gc| packing, 28c Hutt erfat—Unchanged. 52c. Poultry- Bins, unchanged to le high er. 12ft? 19c; springy unchanged to t : htgher, 1G@19i . broiler:*, Jo higher, 22c2 turkey?, unchanged, 3Hc. I hlcagu Poultry* Chicago, la. ii.—poultry—Alive, high er; fowls, H n 21c, spring: , 19c; roost- r , 13c: turkeys. 26c; geese, 1 Ho. Healthy liver Healthy Life Your liver—healthy or clogged, active or sluggish- makes all tbc difference between a vigorous, cheerful life and low I CARTER'S a Stubborn Ja IITHTI BT liver, over-yjl [ • p*£ j come consti- A i|. , *5, pattern, dizzi- ^ ^a^llL.L.5 nets, bilious- [shnESHL. ness, indigestion, headache and tb« blues there is nothing on earth so good aiCartn'iUtth UmPUk Purely vegetable Small Pin—Small Pm SamB Prim =WOOD= Missouri’s Best Phone Atlantic 2700 Sunderland Bros. Co. Over 67 “4ears Success Suggestions for Re-Investment of Proceeds From Government Certificates and Victory Notes Which Mature December 15th Income Tax Free Municipals Price on Application. Municipality Purpose Rate Pawnee City, Neb.Paving .6s Furnas County, Neb.Schools .5s OsceoJa, Neb.Paving .6s Ravenna. Neb.Intersection Paving...6s Maturity 1923 to 1941 1952, op. 1932 1923 to 1941 1942, op. 1932 The Following Issues at Prices Quoted: Municipality Purpose Kate Blanco Co., Texas, R. D. No. 1.Road .51^» Colorado City, Texas .Water Works .6s Cleburne, Texas .Refunding .5s Edwards Co., Texas ... Direct Obligation . . . . 5 s Hidalgo, Co., Texas.School .5s Lamb Co., Texas, R. D. No. 2.Road ..5*2* Newlin, Texas ....School .6s Paris, Texas .School .5s San Antonio, Texas .School .5s Sutton Co., Texas. Direct Obligation. Wichita Falls, Texas .Funding .5s Ada, Oklahoma.Convention Hall.5* Anadarko. Oklahoma .Electric Light.6s Bristow, Oklahoma .......School .5s Creek Co., Oklahoma.School .6s Duncan, Oklahoma .School .5s Henryetta, Oklahoma.School .5s Henryetta, Oklahoma.Water Works .6s Madill, Oklahoma .. . Water Works ....... .6s Mangum, Oklahoma .School .5s Miami, Oklahoma .School .5s Muskogee Co., Oklahoma. Bridge .5s Okmulgee, Oklahoma .Park .5s Roger Mills Co., Oklahoma.Funding .6s Tulsa, Oklahoma.Convention Hall.5s Liberty Co., Montana . Direct Obligation ,...7s Crawford Co., Kansas. Direct Obligation.5s Finney Co., Kansas .Direct Obligation . ,..5s Hutchinson, Kansas .Improvement .5$ Salina, Kansas .. Improvement .5s Shawnee Co., Kansas .Direct Obligation.4*a8 Sumner Co., Kansas.Direct Obligation.4J2* Maturity Yield 1927- 51 5.40 1961 op. 31 5.50 1923- 63 5.00 1935-49 5.50 , 1961 op. 31 5.25 1926-41 5.50 1962 5.30 1960 op. 30 5.00 1926- 30 4.75 1949 op. 39 5.50 1924- 32 5.00 1928- 36 5.20 1925- 40 5.40 1928- 43 4.90 1942 5.25 1946 4.90 1944 4.90 1937 5.25 1930- 45 5.40 1934 5.00 1925-35 5.00 1939-41 4.75 1929- 34 5.00 1947 5.00 1929-35 4.75 1928-31 5.50 1931- 32 4.50 1923-41 4.60-4.75 1923-32 4.50 1925-32 4.50 1927- 21 4.30 1923-42 4.40-4.50 The above mentioned issues, which are direct obligations of the issuing municipaltics, are accompanied with general market attorneys approving opinions and recommended as being among the very best municipal values originating throughout the southwest. Descriptive circulars and further information supplied upon request. THE BROWN-CRUMMER COMPANY INVESTMENT SECURITIES 1104 First National Bank Bldg. Omaha, Nebraska