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About Omaha daily bee. (Omaha [Neb.]) 187?-1922 | View Entire Issue (July 19, 1916)
OMAHA, WEDNESDAY, JULY 19, 1916.
Local Cash Market is Very
i Quiet Because of Light Se
j ceipts of All Cereals.
POORER WHEAT DECLINES
Omaha. July II. 1914.
local eaah market waj rather qult
becauae of tha verr nsht receipts
oCl all caraala.
3V heat aold generally from lo lower to le
There wu a good demand for new wheat,
and alao (of the better aamplea of the old
cwp, hat moat of the poorer aamplea aold
aC 1c decline,
3'on waa Ulead r to He lower, the bulk
oaV the aamplea grading Noa. I and 1 and
"King at unchanged prlrea.
The vaah demand for corn waa fairly
lv, but there were only a few aamplea
nf'thls cereal on the tables.
JjThe oata market followed wheat and corn
fm the decline and aold We to r, lower.
Tio eaah demand, however, waa quite active
TW the aamplea were eaally dlapoaed of
a the prevailing prlcea.
ijtye and barley receipts were unimportant
the markets were auoted unchanged.
'leranra were: Wheat and flour equal
osa, lll.W buahela.
bushels; corn, SI 0,009 buahela;
Wheat, ataady ;
primary wheat recelpta were 1,1 It MOO
btMhela and shipments 7SI.000 buahela.
aaMinst recelpu of I,000 buahela. and
ah I omenta f SM.ftflO buahela laat year.
VPrlmary com receipts were 1 1,000 bueh
ejfih. and ahlpmenta 644,000 buahela, agalnat
revelptt of 3t,006 buahela, and ahlpmenta of
Mft.AOO buahela laat year.
- "Primary oata recelpta were 622,000 bueh
ela, and ahlpmenta 761.000 buahela. agalnat
receipt of Sf .. buahela, and shipments
of Mn buahela laat year.
Wheat. Corn. Oata.
Chicago Hi ibl 365
Minneapolis . ,.......2t
Kanaaa City tit , 27 S
Loula .,187 4ft 3
Winnipeg , 494 ..
Theae aalea war reported today:
-Wheat No, I hard whiter: 4 cara (new),
StO: 4 cara. 11.01: 8 1-1 cars, 1 1.08. No,
S hard winter: I cara, 9MH; S 1-6 cara.
SkOC; t cara, $1.06. No. 4 hard winter:
Itar, UMSki 4 cara, 11.04; t cara. Sl.Oatt:
tcar, ll.ei. No, 1 aprlng: I cara, $l,0ft,
X. 4 aprlng: 1 car, $1.0. Sample aprlng;
I"ftar, tSc. No. I durum: 1 cara, 11.01.
ffo. 1 rnUad durum: 1 ear, $1.03. No, 4
iirfied: 1 ear, $1.02.
Rye Sample: 1 car f bar ley), flOc,
' Corn No. I white: t cara, 7 Sc. No. I
white: $ cars, 77e. No. 4 whltei 1 car,
fftie. No. I yellow: 4 cara, 7; 1 car,
7Q. No. 1 mixed: 1 car, Ha. No. A
ifclxed: 1 car, 77e No. t mixed: 1 oar, 7ic
Sample mixed: 1 car, tie.
-Oata No. I white: 1 ear, llfto. Stand
ard: 1 car, 3c. No. 3 white: T cara, 10.
No. 4 white: 2 cam. lSc. Sample white:
5 cara. 37c; 2 rare, 17 Mrc.
Omaha t'aah Piicca Wheat : No. 3 hard,
IMTtttfM; No. I hard. $1.O4$H0H; No.
4 hard, $l.00j 1.04 ; No. : aurtng. $1,079
1.12; No. 1 aprlng, $1.041.01: No. 2 durum,
$1.016102; No. $ durum. $l.noj 1.01. Corn:
No, 2 while, 7778r; No. 3 white, 74
77c; No. 4 white, 16tf"c; No. & white.
f&SeSr; No. 4 while, 7S67tsc; No. 2
yellow, 7fJ7'ic: No. 2 yellow, 7H4ji7te;
No. 4 yellow, 7fe74r; No. 6 yellow, 71 H
71c; No. it yellow, 77 77 H1: No. 2 mixed,
7777fcr; No. S mUcd, 7fitf77c; no. 4
mixed, 767V: No. t mixed. 76"47(ic;
No. 4 mixed. 74 K 07b-. Curt: No. 2 white.
9Utf3 atandard, 3J3 Vil No. 3
white, 263r; No. 4 white, S MI V
Barley: Malting, fl7c; No. 1 feed, SO
64c. Rye: No. 2, M "if 87c; No. 2, 6ec.
OMAHA FI'TI'BE MARKET.
Trading la Quiet, With Wheat Closing Some
The local future market waa very quiet.
There wan a moderate amount of trading In
wheat during the earlier part of the aeaann,
but corn and oata were very quiet through
out I ho day.
Wheat cloeed a Irlfle stronger, Septem
ber advancing ic and December cloalng
ateady to kc higher.
Heptember corn cloaed lc higher, with
September oata were ateady. but the De
cember ruled about Mr, lower.
Omaha cloalng prlcea on futurea for tbla
j Open." High. Iqw.Tcloae. Tea.
Hept 1 04 106 0 10H
lc. J10IV4- 1 188 1QH 10KV
Hept 73 72 '4 72 H 72
Dec. 41 4114 41 41 0
Hept 3D t U S 2
1 ec. 41 41 40 40 41
t:hlcego closing prlcea, furnlahed The Be
by Logan A Bryan, atock and grain brokera,
211 Sojth Sixteenth atreet:
Alt'. I Open, j HTgh. jl;OW. Clowe. Tea.
W"ht ' I
July 1119H 113 m 111H1US
Spt 113U 113 113 1 12 112
Dec. 116- 1 H 114 1 16 116
.luly 7t 79 7X 72 7
Sept 7K- 76 76 76 76
Dec. 6- 46 6 66 6
July 41 41 41 41. 41
Sept 41 41 40 41 41
Deo. I 4t- 43 42 42- 43
July IB 11 IS fl 24 BO 24 24 36 76
Sept 24 77 24 60 24 40 24 40 24 C6
July 13 18 13 13 13 27 13 7 IS 07
Hept 13 30-26 12 26 13 06 12 06 13 18
Oct. 1$ 37 13 21 II i; 18 12 13 17
July II 40 13 40 II 40 II 40 II 43
Sept 13 60 13 11 13 42 13 43 113 46
Kaoaaa City 4Jmerl Market.
Kanaaa City, July IB. WHEAT No. I
hard, $1.07$). IS; Nn. I red, $1.1091.12;
July, $1.06; September, $1.06 91.04 ; De
CORN No. 3 mixed, 7HJf7Kc; No. I
white, 7978e; No. 2 yellow, 7ltj0c;
July, 77c; September, 7Jc; December, 6t
OATS No, 2 white, 4:942c; Na. I mixed
BUTTER Creamery, 2c; flrgta, 21c; aee
onde, 33c; packera, 21 c.
KO(J8 Flrata, 21 c,
POUL.TR rIIena, 1 5c ; rooatera, 1 0 c ;
CHICAGO CHAIN AND 1' BO VIM ON.
Wheat Market Opena Higher on BulUeb
Chicago, July II. Denlala that black ruat
haa apread Into Canada tended today to
make wheat tradcra ao mew hat akeptlcal re
garding damage re port e. Accordingly, the
market, although pointed upward much of
th time, cloaed unaettled at 0c to c
net decline, with July $141 and Septem
ber $1.12. Corn gained c to c, oato
loet c to c and provlalona flnlahed
irregular, ranging from 10c to a rlae , of
For the moit part tranaaetlona In wheat
were of a acalplng character and were
not governed by any well defined aentlment
aa to values Aaaertiona that ylelda and
quality of the aprlng crop haa been aerl
oualy Impaired by black ruat led to con
tinued uneaalneaa, and there were re porta
from aoina authorities that the ruat sporea
had already attacked the ateraa of the
plant. Unqualified contradiction, how
ever, of yeaterday'a advlcea that the peat
had apread northward over the Canadian
border did a great deal to bring about
rather aggreaalve aelllng at tlmea on the
hard epoia In the market. The relative
weukntf of quotation tn the northweat
served alao to handicap the bulla here.
Would-b-i purchasers of wheat gavo con
siderable attention to Liverpool dlepatchea,
aaylng the unfavorable weather In all pro
ducing count rlea wad caualng Brltlth buyers
to become nervoua. In this connection It
waa polntad out that In U04 black ruat re
suited In a croj. ahrlttkage of 69,000,000
buahela during July and August and that
meanwhile the Chicago market advanced
26c a buahel. Export aulea today were esti
mated at 600,000 buahela, Including 100,000
buahela new hard winter wheat to be
ehtpped by way of the Gulf of Mexico.
Corn, unlike wheat, maintained a Arm
tone. Serloua complaints of heat and
drouth were received, especially from
Oklahoma, Kansas and Texas. Only one of
the government stations In Oklahoma
shows any rain since July' 1.- Speculative
selling weakened oata. Hot weather dam
age reports had merely a transient bullish
Provisions averaged higher with hogs.
Late sales, however, of 1,000,000 pounds of
lard by a leading trader suemed to operate
at least temporarily a a check on buyers.
Cash Prlcea Wheat: No. 2 red, new,
$1.17; No. I red, new, ll.13C1.14; No.
2 hard, new, $1.14; No. I hard, old. $1.10
91.11. Corn: No. 2 yellow, !09Blc;
No. 4 white, 76974c Oata: No. I white,
40941c; standard, 43942e. Rye:
Nominal. Barley: 07976c. Seeds: Tlm
othey, fi.1l; clover, $7.00914.00. Pro
visions: Pork, $26.00 936.67; lard, $12.00;
ribs, (13 07911.67.
B UTTEH -Steady ! ereamery, 22937ie.
SOOS Steady; receipt, 17,361 , case;
firsts. 22923c; ordinary firsts, 31921o,
at mark, caaea Included, 18922c.
POTiTOFS Uwer: recelots. 21 Cars
Virginia, barreled, $3.26; Virginia, bulk.
30 86c : Kanaaa. Missouri and Illinois
POULTRY Alive, higher; fowled 17c
NEW YORlToKNKRAL MARKET.
Quotations ef th Day ob the Leading
New Tork, July IB. FLOUR Firmly held.
ivuvat HnAi aiiv Nn 1 durum, $1.!2:
No. 2 hard, $1.23; No. 1 northern, Duluth.
$1.22; No. 1 northern, uannoo, ti.7i.
f. o. b.. New Tork. Futurea nomtnal.
CORN Bpot, steady; No. 2 yellow, I0c.
C. I. f.. New Tork.
OATS Spot, easy; standard, 489c;
atandard middling, 100-lb. sacks, $24 .00,
HAT Steady ; prime. $1.36; No. 1, $1309
$1.33; Nn. 2. $1.1091.20; No. 3, I09l7c;
HOPS -Quiet; state, common to choice.
ltl, 12920c; 1114, 697c; Pacific coaat.
1216, 11914;; 1314, 10c.
HI DBS Steady; Bogota, I29c; Can
LFATHKR Firm; hemlock flrata, 17c;
seconds, 26e. ...
PROVISIONS Pork, firm; mess, $27.00
27.60: famtly, $ZB.0928-&' Beef, steady;
mesa, fll.l04f l$.l: family. $1.60920.60.
i.rA .t..rf- middle west. $13.26911-36.
TALLOW Easy; city, c; special, c;
country special, lc.
Minneapolis Grain Market.
Minneapolis. July 18. WHEAT July.
fl.16; September, $1.16. ! 2; m '
fl.22; No. 1 northern, $1.11 l ltt No.
2 northern. $1.12 l. lift.
BARLEY 43972 c-
BRAN $17.609 1$-0.
CORN No. I yellow, 82B3c.
OATS No. 3 white. 81 9 39c.
FLAXSEED $1.0491 07.
St. Louie Grain Market.
L Loul July WHEAT No. 2 red.
JS $T9i ; old. $i.309i. ; no a
hard, new, fl.ll91.lli old, nominal; July.
fl.ll; September, t1ua
CORN No. 3, lie; No. 2 white, $19
63c; July, 7lc; September, 76 c.
OATS No. I, 9ci No. I white, 429
Duluth Grain Market.
Duluth, July 16. WHEAT Eased off
today with lee lurid blw r.t report,
quiet demand nd larger otUringtt. July
eloeed o off; September, lc off, and
December )o off; July "HJ 1
up; September, o off and December c
off. (s ' -
Liverpool Grain Market.
Liverpool, J7ia.-WHEAT-fipot No. 1
Manitoba, 11 Od; No.' 3. lie 6d. ,
CORN Spot American mixed, new, 10a Id.
. London Stock Market. y
London, July II. American securities
were quietly ateady.
SILVER Bar, 39d per ounce.
MONET 4 P t '
THREE YEAR 5 GOLD NOTES
OF THE , V
American Foreign Security Company
Dated August 1,1916 Due August 1, 1919
Interest Payable February 1 and August 1
Principal and interest payable in United States Gold Coin at the office ofJ.P. Morgan & Co. with
out deduction for any taxes, present or future, except any Federal Income Tax
Coupon notei in denominations of SI, 000, $5,000 and $10,000
Subject (o redemption; in whole or in part, at the option of the Company on any interest date, as follows: .
On February 1,1917, at lOlVz and interest;
" August 1,1917, at 101 " "
" February 1,1918, at 101 "
" August 1, 1918, at 100V2 " "
. " February 1,1919, at lOOYz " "
The American Foreign Securities Company has been organized with a capital of $10,000,000 presently to be
paid in at par in cash. It has arranged to lend $100,000,000 to the Government of the French Republic, for
which it folds the obligation of the French Government to repay the principal in three years, together with inter
est at a rate more than sufficient to cover the interest on the Company's note issue. "
In connection with this loan the Company is to receive from the French Government and is to pkdga wm
the Bankers Trust Company, in New York City, as collateral security for the above notes, obligations (either as
maker or guarantor) of foreign governmints, and other securities as follows:
' Approximate Volu in Dottan at Prevailing Mar keti
.-.. ; i and Existing Exchange Rat
Government of Argentina $2000fi00
" Sweden... 8J25ft00
- Norway ; 3J90ft00
m Switzerland 12ft80ft00
" Holland WSfiOO
- - , . " Egypt..... ..." 20J00,000
" " " Brazil (Funding Loan) . . Ij81ft00
- " Spain UfiOOfiOO , ,
Government of Spain guaranteed Railroad Bonds - BfiOOfiOO
Province of Quebec.:...... 27Sfi00
Suez Canal Company Shares..... UfiOOfiOO
American Corporate Issues. SJOOflOO
v $113,449fiOO .
For tht lake of convenience in collection, the coupons and rights for interest and dividends maturing on or tejore August 1, .
1919, are to fx detached and held for the account of the Company by depositories in France. The Company may make substitu
tions in the above list of collateral, but (except Kith the approval of the Company and the joint consent of J. P. Morgan & Co.
and Brown Brothers & Co.) in no case may the value of the obligations of any one of the above Governments be reduced more than
50 per cent, nor is the aggregate value of the obligations of any one Governmtnt or any other issue of securities to be increased
through such substitution to more than SO per cent of the aggregate value of the collateral. Fending the deposits of the collateral,
the Trustee will hold cash equal to the face amount of the notes, releasing the cash from timt to timi to an amount equal to 5-Slhs
of the value of the collateral deposited with the Trustee. , v
. This offering is made subject to the verification of the list of collateral, which may result in slight variations in the relative
amounts of the several issues but not in the aggregate value, also subject to the approval of the necessary details by counsel: V
WE OFFER THE ABOVE NOTES FOR SUBSCRIPTION AT 98 AND INTEREST, YIELDING ABOUT 5.735
; ;; PERCENT V : :' :.
Subscription books will be opened at the office of J. P. Morgan & Co., at 10 o'clock, A. M., July 19th,
1916, and will be closed at 10 o'clock A: M. ', July 24th, 1916, or earlier, in the
v discretion of the Syndicate Managers.
THE RIGHT IS RESERVED TO REJECT ANY AND ALL APPLICATIONS AND ALSO, IN ANY CASE, TO
AWARD A SMALLER AMOUNT THAN APPLIED FOR .
AMOUNTS DUE ON ALLOTMENTS WILL BE PAYABLE AT THE OFFICE OF J. P. MORGAN & CO.', IN
NEW YORK FUNDS, TO THEIR ORDER, AND THE DATE OF. PAYMENT WILL BE
... GIVEN IN THE NOTICES OF ALLOTMENT v ; .
; Temporary certificates will be delivered pending the engraving of the definite bonds
Application will be mce to M the above notes on the New York Stock Exchange. .
J.P, MORGAN & CO. .. .i - ' ' BROWN BROTHERS & CO.
HARRIS TRUST & SAVINGS BANK, Chicago
WM.A.READ&CO. KIDDER, PEABODY & CO.
' LEE, HIGGINSON & CO.
FIRST NATIONAL BANK, N. Y. NATIONAL BANK OF COMMERCE
CHASE NATIONAL BANK, N.Y. NATIONAL CITY BANK, N. Y.'
HANOVER NATIONAL BANK, N. Y.
BANKERS TRUST COMPANY, N. Y. GUARANTY TRUST COMPANY, N. Y.
FARMERS LOAN & TRUST COMPANY, N. Y.
UNION TRUST COMPANY, N. Y. MELLON NATIONAL BANK, Pittsburgh
COMMERCIAL TRUST COMPANY, Philadelphia r
CENTRAL TRUST COMPANY OF ILLINOIS, Chicago. FIRST NATIONAL BANK, St. Paul
Grade of New Wheat
New vheat continues to roll in on
the Omaha market. Of the thirty
one carloads received, eleven were
of this year's crop ' It atl sold at
$1.09 per bushel. The grade contin
ues high, running from No. 2 hard to
No. t hard, plus. The wheat prices
were a cent up. to a cent down, that
of the old 'crop selling at $1.01 to
$1.08 per bushel.
Corn was Ji cent off and sold at
75(g79 cents per bushel. The re
ceipts were eighteen carloads.
Oats were !4 cent up to Vz cent
down and sold at 38!439 cents
fier bushel- There were nineteen car
oads on the market.
New Tork, July 1 COFFEE Continued
firmness In the Brazilian marliet waa re
sponsible for an advancing tendency here
today and after opening 1 to 3 points lower
the coffee market gradually gained strength
until In the late afternoon, with increasing
outside support, a demand from shorts and
very light offerings. It aold at one time B
points over the previous night -on Inactive
poult ions. Thie carried Septembor from
8.37c to t.iir and December from 8.64c to
8. 62c. Th- -tose was 4 to I points net higher.
Salea, H.2&0 bags. July, 8.38c; Auguat,
.42r; September. 8.40c; October, g.Plc; No
vember, 8.56c; December, 1.6 1c; January.
8.07c; February. 8.74c; March, .80e; April,
8.87C; May, 8.036; June, 8.38c. Spot coffee,
steady; Rloa. c; Santos 4s, 10c. Cost
and freight offers were firm, with 4s quoted
at 10.65c, London credits. The official cables
reported an advance of 76 rela at Rio, while
exchango waa l-32d lower. Nn change In
Santos apota, but futurea were 60 to 100 rela
Omah Hay Market.
PRAIRIE HAT Old : Choice upland
$0. 60910.60; No. 1, $8.6090.60; No. 2,17.00
08.00; No. 3. $4.0096.00. choice midland.
$1.60910.00; No, 1. $8.0090 00; No. 2, $7.00
98.00; No. 3, $2.6096.00. Choice lowland,
$7.6098.60; No. 1, fi.6O7.O0; No. 2, $4,009
6.00; No. I, $3.0094.00. New: Choice,
$10. 00910.60; No. 1, $9.00910.00; No. 2,
STRAW Choice wheat, $6.00; choice oat
or rye, $6.0096.60.
ALFALFA Old: Choice $11. 00 12.00;
No. 1, $10.00011.00; No. 2. $6.008.00.
New: Choice, $9.00010.00; No. 1, $8.00
9.00; No. 2, $6.007.00; atandard $7.00
Oil and Rosin.
Savannah, Oa July 18. TURPENTINE
Market dull. 45c; salea, none; receipts, 481
bble.; shipments, 2,716 bbls.; stocks, 12,682
ROSIN Firms; sales, 1,410 bbls.; receipts.
2.313 bble.; shipments, 0.411 bbls.; Btocka.
02,313 bbls. Quote A, B. $6.30; C, D. E,
$6.36; F, $0.366.40; O. $0.4090.46; K, I.
K, $6.46(26.60; M, $6.466.66; N, $6.60;
WO, $6.65; WW. $7.00.
New Tork. July 1 8. COTTON Futures
opened steady; July. 12.85c; October. 13c;
December, 13.19c; January, 13.23c; March,
The cotton market cloaed steady at 3
point ii net advance to 1 point decline.
Spot cotton steady; middling uplands,
13.10c; sales, 38 bales.
Cotton futures closed steady;. July,. 12.88c;
October, 13.04c; December, 13.20c; January,
13.2r; March, 13-4ac.
Liverpool, July 1 8. COTTON Spot eas
ier: g'd middling. $8. 20c; middling, 8.04c;
low middling, 7.8c; salea, 5.0QO bales.
New York, July 18.-r-The metal ex
change quote lead easy, offered at 6.40,
Spelter firm; spot. East St. bouts delivery,
$8 874. Copper, dull; electroyttc, $24.00J
26 00 Iron, stoady and unchanged. Tin.
easy; epnt offered at $.17.76; at London,
spot copper, 8R; futures IS7 ; electrolytic,
122; spot tin 103 10; future, 84 6s. Lead,
28, 10; apelter. 48.
Dry (ioodo Market.
New York, July 18. Cotton goods were
quiet today, with pronounced firmness on
many lines of heavy goods. Future buying
was of a conservative character. Yams
were frtm. Satlna were in good demand
for fall. There was a large attendance of
buyers in the market.
New York. July 18. SUOAR Raw dull;
centrifugal, 6.40c; molasses, 6.63c; refined
steady; fine granulated, 7.6Fc. Futures
opened easier on scattered selling by com
mission houses, prompted by the easier rul
ing of the spot market. At noon price were
8 to 11 points lower.
Omaha, JIy 1 8. Bank clearing for
Omaha today were $3,306,679.46 and for
the corresponding day laat year $2,904,-438.00.
Six absolute monarchies still exist
in the world. They are Siam, Mor
occo, Oman, Abyssinia, Afghanistan
Surprising Special Bargains Every Day
in All Departments Throughput the Store
In Our Great
U AU6 n DODGE a DOUQLAS STREETS
Opportunities for Big Price Savings on All
Kinds of Seasonable and Dependable Mer
chandise Seldom Equaled, Never Surpassed
LOOK-Why Not j 1
Buy One of These? Ljl
Bargain sale of our entire stock of standard makes, including used
and shopworn pianos.
D I A TVI 11 C 1 AA ff Dil You Ever Hear of Good
rlAWLJO, $1UU.UU Pianos as Low as $100.00?
We have a few at this price See them while they last.
You Might Grab One of these jgjjk
A used Knabe, upright $150
A used Steinway, upright : . $150
One $450 Player, good condition
One $550 Player Piano, used six
months, for $225
One Emerson Angelus. . . .$275
One $650 Player, good as new,
One $900 Weber Grand. . .$200
One $750 Fischer, baby grand,
One $750 Estey, baby grand
One $800 Everett, baby grand,
One $900 Knabe, parlor grand,
Many other bargains just as good. Do not imagine because of
the low prices there is any lack in quality. All the world famed
pianos and player pianos are included in this great sale NEW
PIANOS FOR RENT.
V s ! s ' v
Have You Heard
Sing those delightful
ballads and operatic
selections at the
Ladies' Restaurant ev
ery day, during Lunch
eon and Dinner?
Don't fail to hear her
Grand Opera Arias
" Popular Ballads
OMAHA VS. ST. JOSEPH
' JULY lHS-20-ai
FRIDAY, JULY II LADIES' DAY
GimM Calltd mi 3il8.
15th uid HonMy
Tuesday WMjaMdij. . ThurecUy
JESSE L. LASKY Prauau
Willac RlM and CIm RMftay, ta
"The Selfish Woman."
By Hector Turn hull.
Coolest Spot in Omaha
TODAY AND FIRST "HALF
THE RIALTO FOUR
SPRAGUE AND McNEECE
McNeil A M.v.
M1NTZ PALMER '
Oil HE, I
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