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About Omaha daily bee. (Omaha [Neb.]) 187?-1922 | View Entire Issue (Nov. 1, 1916)
THE BEE: OMAHA, WEDNESDAY, NOVEMBER 1, 1916.
UVE STO MARKET
Cattle Slow, Steady to Sharply
Lower Feeder Stock the
! Worst Sufferers.
HOGS AVERAGE ' STEADY
Official Monday .
Omaha, October II, 111.
Cattle. Hon 8hp
.......16.808 7.848 I'80'
....11,000 MM S7.000
Two daya Ihla week.H.SOl 11,446
Same dare laat week.. 17.814 I3.8
Same daya I wka. "ago 81.180 7.0II
Km. daya I wka. ego.S8.H4 6.IJ1
Rama daya 4 wka. ego.3t.454 18,361
8atna daya Uat year. ..12,180 .7)4
Receipt, and dlapoaltlon of live atock at
(ha Union Mock yarda, Omaha, for twenty
four houre ending at 1 P. ra. yeelerday.
' 1 . RECEIPTS CARLOADS.
Cattle. Hoea. Sheep. H'fa.
r u bi. p. . . .
' Mleeourt Pacific
r. N. W . Mat.
!.. N W., weet.
!.. HI P..M. A O.
r . R. Q.,
r. n. a Q.. west.
C- R. I. P.. a"t U
C. R. I. P . weet S
Illlnola Central .... a
Chi. 91. Weal
.Total reaaliwa ..411 lis
" ,V. i DISPOSITION HEAD.
' Cattla, Hoga. r Sheep.
Marrle ft Co 647
Swift Oo.......... 1.861
Cudahy Packing Co.. 1.201
Armour Co 1.441
J. w. Murphy
Lincoln Packing Co..
Hunainger a O
W. B. Vanaant Co..'
Benton, Vanaant 4k L.
?. B. Lewla
1. R Root C Co
J. H. Bulla ........
L.- P. Hue,
Raeenatock Rroe. . .
V. O. Kellogg
H. T. Hamilton ....
Sullivan . Broa
Wo. it Kan, Calf Co..
CarUue , ..........
Banner Broa. .......
Jenaen ft Lungren..;.
Other bnyera .......
1,247 ' 2,442
. 222 . .....
17 ..... .....
. 10 ..... "
'l.HO , 12,104
Unsettled Futures Make Cash
Wheat ' Market Dull De
cline Kills Sales.
POOR GRADES SELL WELL
Cttl- Rftc-rpti were very liberal today,
Msvklnc the tota.. for the two daya 3,308
head. - The best bant ttleere were pretty
cloee to ataadr. hiBh aa 110.71 belm paid
for ronr fed yearllni. Other grade, were
alow and weak. Oood eowa and helfera did
w6t show M-mck chansa. but otbar iradea
were alow. Oaonera are IttHiOo lower than
a wek or tan daya eo. Ohotee atock coWa
and beirere are eel ling pretty well, but the
leaa dealraMa tradea are not aought after
and they art dropping down to a par with
cannar atock. Stork cattle and feedera,
ewlm to the tilth price of corn, whlrh haa
. arared out country buyera, are braaking
down at all market polnta on aeooant of
the greatly reduced demand. That la not
all. they art likely ts continue on the down
grade anlaaa ahlpmenta are reduced. At
the preaent time sftock cattle and feedera
are J&OtOo lower than a week or ten daya
' age, and aome klnda ahow poaalbly - more
leaa than that. Medium grade that at one
time ware telling very well, are extremely
hard to move, there- being more cattle of
that daacrtptlon than buyera,
Quoiatlona on cattle; Good to choice
tteeve, $10.0011. 10; fair to good beevea,
l .0016.0; rommon to fair beevea. I0.I0O
I. it; fancy heavy graaaera, 18.70. .71; good
to choice graea beevea, 17. 60 LIS; fair to
choice graas beevea $.76O7.t0; common
to fair graaa beevea, lfi.00Ol.7t; good to
choice helfera, .71.Sl good to choice
oohb, It l.wt.T.l fair to good oowa, $t.fi0f
.S0'. common to fair cow. I4.0J.I0.
good to choice feedera, 7,)-OI 00; fair to
f ood feedera, 9. 1107 II; common to fair
eedera, 6.760.1; good to choice atock
era M0- ; atock helfera, S0flO7 o0;
atock oowa, $S.00O-A. t0(- Wea, M.00
!.; veal calvea, II OOOIO-OO; beef bulla.
taga. ale, lt.UOI.ll.
err. ' Aw Pr No. f At. Pr.
Ielee..li70 $7 tl 4BteeA.. HI M tl
lleowa.. Ill 111 4lateer..U0l III
.ltatoen.. lost I II Ihetftrt.. IH I M
4aieere..llX I 41
Uateera..t00l I II
SI ateet-ftv, 114 141 1 ateera. .1111 f II
.Moowa.... HIM H
. . - MINNESOTA. . .
11 ateera.. 114 4 1 SI oowa. Ill III
t Hon Tha market opened a big to low
7 r, Chicago wired proa pacta for an eaaler
s trade, ana witat amppera ooina; miit wri
Rackera were able to get quite a few
oga that were anyway Ic lower, and In
aumt eaeea I4fl0o lower, for with a big
run hero and weaker markets e lee where
the early outlook waa anything but en
couraging. Packing daman' proved to be
better tha4 anyone expected, however, and
' ahtpper outlook alao broadened a. little later
ort, ' the reeult being that after ft few
drovaa had been caahed at the early da
ellne price moved up to yealarday' a levela
Valuea oontlnued to Improve aa the fortf
' aoon advanced, and It waa not long before
' hoga were eellla w much aa 6 higher
In apota. .
( No.. Av. Hh. Pr. No. Av. Sh. Pr.
17. ,4 ... I 41 II. .104 141 H IS
7I..SS0 111 III . SI. .114 .., IH '
' S..H7 tM 7I 10.. 107 ... I tl -
41.111 1C0 lit 14. .Ill ... Ill
' SSt.lH ... I 01 21., T ... I AO
f .,u..m;v; t ii
hD While only a comparatively amall
aha re of the aatlmated aupply waa In the
ltena whei. buyera atarted out, the move
urtnt began In good aeaeon, packer buying
euch fat lamb aa were at their dtapoaaf on
a good steady baala. They paid aa high aa
111.40, yeaterday'a top, for both ftood range
1 lam be and beat cornfeda on early rounda.
. Feeding lam be were alower, though early
ealea were called ateady, aome good medium
weights moving aa high aa 11.10.
A big run of ewea Included only a amall
percentage of fat atuff, and thoae that
packer could ueo found a reaaonably early
' outlet at figure that were ateadg! or clou
to It. Some of the decent kind aold around
; 17.00, with amall buncha up to 17. U, The
feedvr awe run waa big, but demand aeemed
broader than It haa been for aome time, and
' a good many ealea had been made before:
1 ' ' U o'clock. In the feeding and breeding
, trade It la the aame old catuh-aacatch-can
affair, which make It Impoaalbl to quote
. a market from day to day, but a near aa
could be told forenoon price today looked
. anyway ateady. Borne good feeding ewaa
V aold up to 11.71, while K.00O0 I0 waa buy
ing a good Ml of the In-between atuff, which
1 going out for breeding purpoeec-
Pat Janiba continued active throughout
' the morning and the general market waa
' fully ateady, apota being. If anything, strong
1 r. The feeder lamb trad waa atlcky all
, forenoon and while a few aale mada were
, oalled ateady. bulk of the offering were
till In the pen at noon. It seemed to be '
J uat g caa of no rail for tha atuff. There
. were no real choice ' llghta her. Before
midday te fat ewe top had bean beoaled to
If .31, equaling the October record at ye
terday. A good ahar of the large feeder
and breeder ewe supply had changed band
by lunch time.
Quotation on sheep and lamb: Xamhs,
good to choice, IU.I00U.OO; lamb, fair to
good, llO.lflOll-71; Iamb, feeder. IR.7I0
-' v MO; yearllnaa, good to choice. f7.O0.tQ;
. yearling, fair to good, 17.0007,16; year
' . llnga, feedera, IT.0001.00; wethers, fair to
; ' , choice, II.I0OI-H; ewea, good to choice,
17. 0007.11: ewe, fair to good, 10.1007. 00:
ewe, plain to cull, 14.0006.71; awes, feed'
Omaha, Oct. II, 1111.
The cash wheat market wa rather dull
today on account of the unsettled condi
tion of the future market, and the caah
artlchs ruled from !OI lower. The caah
demand, however, waa fairly active, but
aeliora did not want to let go at the de
cline In the market. The bulk of the No. 1
hard wheal sold about He under yesterday a
average price, while the No. 1 hard aold
today around 1.6 a compared with 1.M.
the price generally paid ycterday. The
po.:ier grade of wheat aold more readily
today andthe No. 4 hard ranged in price
from 11.0601.77, with the bulk of the
samples going at 11.70. Durum wheat sold
at a premium over the hard winter variety,
but millers were bidding about 2 He low""
than they were yesterday.
There was a sllitht Increase In corn re
celpla. and the demand for rhi cereal con
tinued strong. Old corn aold at steady
price and the new ruled from 10c lower.
The top price paid for corn today wa II. OS,
H.,t tha. hui I nf ttim amolea. which grade
No. 1 and No. 4 mixed old around c0j
The demand for oat waa very good at
prices ranging from 40 c lower. The top
price for the day was tltia, but the bulk
of the ample went at lie.
1 The trade In rye waa very quiet, while
barley waa In good demand at ateady
price. The best grade of ryo old today
at 11.31 and the top price on barley w
ClearnnceM were! Wheat anil flour equal
to 1,128,000 bu.; corn, KH.UOU bu. ; oata, SUV
Liver duo I clone: Wheat, Id lower 10 m
higher; corn, a trot) g at 1 higher.
I'rirtiarv whnt rnrelDt wnre 1.774.O0A DU.
and Mhipmenis 1,401,000 bu., agalnat receipt
of I2,0fl0 btt. aud ihipniante of 1,763.000 bu.
lastf year. '
Primki-v porn Mpclnta wr 407. 000 bu.
and shipment 104,000 bu., against receipts
of 1 St., 000 bu. ana anlpmenu or iva.vvw du.
Primary oat reeelpta were l.SOS.ono bu.
and ahlpmenta 1,643,000 bu., agalnat receipt
of 141,000 bu, and ahlpment of l.m.tiuo iu.
Kanaaa City SZS
Ht. Ixu( ............... 14
Winnipeg , Ill 1 ', . '
These ealea were reported;
Wheat No. S hard winter: 11 car, I1.S2;
4 cars, 11.81, No. S hard winter: S can,
11.82; 1 car, fi ll; 11 cars, fl.RO; 1 car,
II .79 ; 1 car, 11.71; 1 car, 11,781 car,
It. 77. No. 4 hard winter: 1 car, 11.77;
5 cars, 11.76; 1 car, 1174; S cars, 11.78;
1 oars, (1-7!; 1 S-S cars, 11.71; I cara, 11.70;
1 car (old). 11.11. Hample hard winter: 1
ear, 11.70: 1 car, $1.48; 1 car, 11.80. No. 4
spring: 1 car, 11.10. No, I durum: 1 car,
11.86: 1 car. 11,81. No, 4 durum; 1 car,
11.80; 1 car, 11.78, No. I mixed: I S-S
cara, 11.80; I car, 11.70. No. 4 mlaed 1 car,
$1.71; 1 car, 11.70. No. 1 mixed durum:
1 car, $1.88.
Rye No. 1: 1 car, 11.81.
Barley No. I: 1 oar, 11.11. No. 4: '1 caf,
11.01. No. 1 feed: 1 car, 11.04; 1 car, $1.01
ComNo. 1 yellowj 1 car, $1.03; 1 oar,
new, 17c, Sample yellow: V. ear, $1.00, No.
I mixed: I cars, $1.00, No. 4 mixed: 1 caf
lie. No. I mixed: 1 oar, Ittto; 1 car, new,
0c. No. I ml icd i 1 cat, No. I white;
I car, new, 87o.
Oata No, I white: 1 car, II e. Stand
ard; 1 car, llttc; S cars, llttn. No, I white:
IS car, lie. No. 4 white: 4 cara, lOfcc;
oar, toftc. Sample ,whlta: I cara, lotto.
1 oar, 60c.
Omaha Cash Price Wheat: No. I hard,
ll.8IOl.IS: No. I hard, ll.770l.ll; No.
hard. ll.l&Ol.tf: No. I eprina. I1.770I.8S;
No. S aprlng, $1.7401-11. No. I durum, $1.88
1,87; No. I durum, I1.B0O1.88, Torn: No
I white, $1.0001.01; No. I white, cO$l.oo
No. 4 white, ISttOMr; No. I Whit. 180
Htto; No. I white, 17088a; No. I yellow,
1. 03. 03; No. 8 yellow, ll.02OI.08i No.
4 yellow, 81.0101.01; No, 6 yellow, $1,000
1.01; No. I yellow, $1.OO01.OOH. No. S
mixed, $1.0001,01; No. I mixed, HcOll OO
No. 4 mixed, II G H No, I mixed, 100
It Ho ; No. I mixed, 8tt0me. Oat: No, 3
white, 414 061 c; standard, l0iUUc
No. I While, 6O0Sle4o, 4 White, 1040
40 He Barley: Malting, 11.0001.14; No. 1
feed. IOc0l.O4. Aye: No, I, 11.3601.18
No, I. 11.1401.11.
Omaha, Fntareer Market,
The Argentine altuation la still regarded
a very bullish, but th Blackening of the
export demand waa inclined to give
bearish tendency to the wheat market. .
The total amount of wheat workeds for
export etn.ee the eloe of the market ye'
terday waa about 1,400,000 bushela, but only
a amall part of thta amount waa aold In
th local pit.
Several of th tonga who have expected
wheat to aell around the $1.10 mark have
apparently been aa tin fled to . take their
profit, and thta prof)t-taklng waa In aoine
degree th cauae of lower prices.
Th altuation on corn la firm, and while
the December opened a trifle lower the
export demand for thla article wa rather
brisk and the market remained ateady dur
inar the entire aeulon.
December oat opened a trifle lower, but
showed a gain of about o over the opening
Th traae in corn ana oat waa not very
active and waa confined mostly lo the pit
element, there being vary few outsider In
the market ,
Uaal range of optional
gave a fresh touch of confidence to the bulls
In th final dealings, but came none too
aoon, aa the market had for aome time pre
viously been inclined to waver, owing to
doubt that the foreign demand would con
tinue. Including the 1,000,000 bushels aold
today, the total export bualnee of the laat
twenty-four hours waa figured thla evening
Corn rallied owing to the iatefttrengta In
wheat. During most of the day, though, the
corn market wa weak as a result of large
consignment from the country and .because
heavy marketing or live stock waa ex
pected to reduce fedelng.
uat swayed confident y with otner cere
als. Considerable selling was Induced by the
huge proportion of the visible supply.
AlthouBh Drovlslon showed weakenss
early, with hog and grain, the finish was In
general at a net advance. The basis of the.
upturn appeared to be the rally In corn and
$l.8O:.004i. No. 1 northern. $1.180
1,87 4. No. 2 northern, $1.88 4 01.16
Corn No. S yellow, $1.0901.10. '
Oata No. I white, 610610.
Barley 7cOll. 14.
Rye 11.870 1.88.
Bran $U. v027.OO.
8C Louis Grain Market.
Ht. Lou la, Oct. 81. Wheat No. S red,
$1.8301.04; No. 3 hard, $1.88 01.11)4 . De
cember, $1.86; May, 11.83.
Corn No. 1, $1. MtfcOl. 11: No. 1 white.
$1.0R; December, 8flc; May, 8c.
Oata No. S, 63c; No. 1 white, nominal.
Chicago Cash Prices Wheat: No. 1 red.
$1.81.4; No. 1 red, $1.7401.81; No. S hard,
$1.89401.10; No. 3 hard, $1.77. Corn; No.
yellow, $1.0701.09; No. 4 yellow, new,
Oc0$l.OO4; No. 4 white, old, $1,044; new,
97c. Oats: No. 3 white, &S40534e; stand
ard, 534064c. Rye: No. 2, nominal; No. S,
81.390.41. Barley, 86c0$1.2S. Seeds:
Timothy, $3.2606.26; clover, $11.00016.00.
Provisions: Pork, $28.00; lard. $17.00: ribs,
Butter Steady; creamery, 114 036c.
hVlts Steady; receipts, 4,908 cases; flrat.
3140124c; ordinary firsts, 194031c;. at
mark, oaaea Included, 260314c.
Potatoes unchanged; receipts, 76 cars;
Minnesota and Dakota white, $1.1001.66;
Minnesota and' Dakota. Ohlos. S1.60A1.66:
Michigan and Wisconsin white, $1.60 1.70.
Poultry Alive, unsettled; fowl, 160
1840, spring, 17c.
Mlnneapolla Grain Market.
Mlnneapolla, Oct. 31. WheatDecember,
$1,944; May, $1,124- Cakh: No. 1 hard,
New York, Oct. 31. Metals Lead, $7.00
07.06. Spelter, firm: spot. East St. Louis
delivery, $10.00 0 10,50. Copper, firm; elec
trolytic, flrat quarter, $21.00. Iron, ateady
and unchanged. Tin, ateady; apot, $41,760
At London: Spot copper, 124; futurea.
111 10a; electrolytic, 14S 10. Spot tin,
180 16; futures, 81. Lead. 30 10s. Spel
ter, 62 16s. t
Kansas City General Market,
Kansas City. Oct. 31. Wheat No. Shard,
$t.84rl.02; No. 2 red. $1;8401.I8; Decem
ber. $1.8301.134; Hay, $1.8201.82).
Corn No. 2 mixed, $1.0001.014; No. 2
white, 3102; December, 4 0 84c; May,
864 0 86c; No. 3 yrllow, $1.0301.04.
Oats No, S white, 6c; No. 1 mixed, 130
Liverpool drain Market,
Liverpool, Oct. 81. Wheat Spot, No. 1
northern Duluth, 15s lOd; No. 1 Manitoba,
16s 24d; No. 2, 16a I0d; No. 8, l&s lid.
CornSpot. American mixed. 11 I4d.
WE OWN AND OFFER
Argentine Government 5-Year Treasury Gold Bonds
Dated May IS, 1918. Sterling 6'a Duo May IS. 1920.
Interest payable May lfith and November 16th.
t Coupon Bond in denomination of 11,000.
This bond la not a war bond, but represent the credit of a nation at peace,
which like the United States, ha been vastly benefited. t
Exempt from all present or future Argentina Taxes.
These five-year 1 Treasury Gold Bonds are the direct general credit obliga
tion of the Argentine Government, whose faith and credit are pledged for the
prompt payment of the principal and interest.
PRICE To Yield About 6.00 j
BURNS, BRINKER AND COMPANY,
449-50-51-52 Omaha National Bank Building. Omaha, N.bra.ka.
Nebraska State Central Committee
ARTHUR a WRAY, Preaident.
, . Lincoln
W. J. Broach.. .......... Omaha
L. C. Lawson,. jj... .Grand Island
D. C. VanDeusen,
J. C. Barpham. . .
J. p. Gibbon
Will S. Jay
W. T. Will
L. J. Quinby ,
T. F. A. William....
T. P. Tibbie
A. G. Wotfenbarger. .
J, 8. Canady
. . Lincoln
, , . . Butte
, , . Omaha
, , . Omaha
. . Lincoln
an urged to aupport tha reflection of Preaident WHaon became he haa 1
1) Aaahnulated many progreaaive princlplee. '
2 Put forward a proereeaiv. Peaceful humanitarian prorram. .
(I) Conakiered tha whole South American altuation to deallnc with Mexico.
(4) Kept tha country honorably at peace with the world.
(6) And taken important atept toward international co-operation and a IMCtM
of nationa. .
WILSON INDEPENDENT LEAGUE .
By Arthur O. Wray, York; D. C. VanDeuaen. Blair: L. J. Quinby. Omaha!
W. J. Broach, Omaha; J. C. Harpham. Lincoln; L. C. Lawaon, Grand laland ; W.
W. Ward. Omaha; J. P. Gibbon.., Kearney; Will S. Jay, Lincoln; W. T. WOla,
Butte; T. F. A. William., Lineoln; T. P. Tibbie. Omaha ; S. G. Wolfenbarjar,
Lincoln; J. S. Canady, Minden: O. O. Van Meter. Lynch; Preaident and VIM
Preaidenta. J . .
Hlfh. J Low. Cloae.
1 13 lS
1 41 141
(1 I 61 II
68 . J e.ltj 88 M
Chlcaao oloaint; prlcea. furnlahed Th.' Bee
by Loten A Bryan, etora. and train brokera.
815 South Siateenth ataa.t. Omaha:
Art. Open. Hlh. tiow. Cloae. Tea.
Wht I T I
Deo. 1 Ilk 1 I. 187H 1 II H
May 1 li 1 81 184 t l 117
July 1 41 1 l HIM 1 41 14IK
Deo. 1701714 I7U 111, 8714 87
May 61088., 8814 814, It 8814
July . Iltt ' W 18 68 II
Dec B4K084 6144 14 64 64
May 16 68 67 61061 66
Deo. tl 17 . II II II 17 II II II
Jan.- ( II 00 II 06 I6 17 II 06 II 00
Deo. II 46 II 46 II 16 II 46 II 46
Jan. I II 60 II 60 16 16 16 7 16 10
Oct. I 14 66 II 61 II 17 14 17 14 CS
Jan. ( II II 11 86 18 77 18 1 66
No. '. '
21 Wyoming: feeder awea... .
4.3 WyomlnaT lamba
' ell Wyoming feeder lamba...
41 Wromlng ewea
10, Wyoming breeding owe...
1160 Wyoming feeding awea..
US fed lamba
Jll fed liima
1.4 fad Umbo
47 fed lamba . .......
awea, breadarai all agaa,
' :. Jeaph Im ataeh Mark .4.
"lit. Joaeph. Mo.. OoL 81. 4Jatlle Hecatpta,
J. 000 bead; market alow to aleady; ataera.
I..60O1. 6,: toi and helf.ra, I4..0O1. O0;
Uo, RecelDta. 11 aao head; market 10
"to lower; lop. Illy.; bulk of ealea, II.IIO
-, ,ttittv .land Lamba Receiptee 1,600 head
niarkot 16w36c higher: Umba, I10.60ljill.lt
awea. f t.0O7,i0.
CIIICAUO tlRAlN AND PROVISION.
Vnnrtainty Abonl Outooma of Bubaen In
cident I'aaatUaa Wheal Valuea.
Chicago, Oct. 81. Liberal export bualneaa
during th. laat twenty-four houra did a
good deal today to offaet uneanlneaa of
wheat traflere in regera pomidio riiii-
culllea between-U.rmany And the I'nlled
Statea. The market cloneiTat II. 8K01.lt
for December and 11.16 oil. for llay,
with tha market ,aa a whole ranging from
lo off to c advance compared with
yeatarday'a flnlah. (Nirn cloaed at a de
cline to o advance, oala unchanged to
0 lower and provlalona varying from
o down to a rlae of 10c.
Baara In wheat had tha advantage at the
outaei, aa doubt attll prevailed whether re
newed compllcatlone for me united mate,
would develop aa a reault of the lateet aub
marina attarka. Uealdea, repnrla of cloudy
aklee In Argentina were taken to Imply
chance, that the end of the drouth Ihere
waa, perhape, near at hand. An Increase
of the world'e available aupply total formed
an additional bearlah element, though gen
erally regarded aa of much leeaer Im
portance. Bullion aentltnent tluplckly re
vived, nowever, when announcement waa
reoeivea mat yeaieraay a export bualnaaa had
been mora than treble the amount currently
aatlmated and that Great Hrttain had bean
Duying rreeiy on tne uownturna In prlcea.
Late reporta that 1. 000. 000 buahela of
wheat had bean dlapoaad of to .Kuropa today
' Thla Valuable Booklet MaUl Free
E. A. FERRON & CO.,
Brokera Sul" (2S' 229 s l-3"' St,
uruncn chicaco, ill.
United Kingdom of Great Britain and Ireland
5V2 SECURED LOAN GOLD NOTES
Dated November 1, 1916
interest payable May J and November 1
$150,000 ftOO Three-Year Notes due November t, 1919
. $150,000,000 Five-Year -Notes due November 1, 1921
DIRECT OBLIGATIONS OF THE GOVERNMENT
Principal and interest payable in United States gold coin, at the office of J. P. Morgan & Co., or, at the option of the holder,
' " in London in sterling at the fixed rate of $4 Mxi to the pound.
1 .. . ; .-.....
Principal and interest payable without deduction for any British taxes, present or future.
- ' : ; : - V ;
, ... . , Coupon Notes of $lfi00, $5 fiOO and $10 fiOO v
Redeemable at the option of the Government, in whole or , in part, on
irty SOU) days notice, at follows: .
Three- Year Notes
From November 1, 1916 to October 31, 1917 inclusive , 103 and interest
102 and interest
. , 101 and interest
- 31, 1921
105 and interest
104 and interest
103 and interest
102 and interest
101 and interest
To be secured by pledge with Guaranty Trust Company of New York, under a pledge agreement executed by the Government of securities approved
by J. P. Morgan & Co., of an aggregate value of not less than f 360,000,000, calculated on the basis of then prevailing market prices, sterling securities being
tahud in isMan at the prmiUng rat of aehmgt) ns . ' 7' '; ' : . , ' ' : ' , -
Group I. Slock., bond, nod or other .acuritiog of Araarlcari corporation. (Including tho Canadian Pacific
Railway Company) and bonds and or othor oblifationa (either aa maker or' guarantor) of j ; ' ' N
the Government of the Dominion of Canada, tha Colony of Newfoundland, and or province, of v 'i'.';
N ' the Dominion of Canada, and or Canadian municlpalitiea: Aff regate Talue not tea. than $180,000,000
(Of the foregoing there will bo somewhat or $100,000,000 in aggregate ralue of aecuritiaa of cor
ivoration. of the United State, and of the Canadian Pacific Railway Company.) . ... .
Croup II. Bonds and or other ohligationa (either as maker or guarantor) of any or all of the savora!
i following Government., to wit: Commonwealth of Au.tralia, Union of South Africa, New Zealand, ' j
Argentina, Chile, Cuba, Japan, Egypt, and India, and or approximately $25,000,000 ralue in . I . ... , -
x bonds or other obligations of dividend-paying Britiah railway companies! . . , .
- v ;.i Aggregate walua not less than $180,000,000
Total $360,000,000 '
Pending: the, arrival and deposit of definite securities as above, the Government is to deposit temporarily with the Trust Company
either approved New York Stock Exchange collateral or cash. , j ,
If the pledged securities depreciate in value, the Government is to deposit additional securities to maintain the 20 margin.
The Government is to reserve the right from time to time to sell Tor cash any of the pledged securities, the proceeds of sale to be
applied to the retirement of notes by purchaser or by redemption by lot.
Upon the retirement ot the three-year notes, a proportionate amount of the collateral may be withdrawn approximately ratably
from each class. j , ' -
The Government also from time to time may make substitutions of Securities', but such, substitutions are not to vary the then
relative amounts in value of the groups. All substitutions, withdrawals and valuations of securities are to be approved by J. P. Morgan
& Co. v , ) . ' - " .
Tftts offering is made subject to the approval by our Counsel of necessary formalities.
WE OFFER THE ABOVE NOTES FOR SUBSCRIPTION AS FOLLOWS:
' . The Three-Year Notes at 99Vt and interest, yielding overA 5J5 per cent.
The F iv e-Year Notes at 98li and interest, yielding about 5 5 percent.
i ' : . ...
Subscription books will be opened at the office of J. P. Morgan & Co., at 10 o clock A. M., October 31, 1916, and will be closed
' ' . at 10 o'clock, A.M., November 8, 1916, or earlier, in their discretion.
iTHE RIGHT IS RESERVED TO REJECT ANY AND ALL APPLICATIONS, AND ALSQ, IN ANY EVENT, TO AWARD A SMALLER
- AMOUNT THAN APPLIED FOR. 7 " ,
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 . remjwnir certificate will bt deUtered pending the engraving of th defimtite notes
FIRST NATIONAL BANK
1 New York City
BROWN BROTHERS & 0.
KIDDER, PEABODY & CO.
KISSEL, KINNICUTT &C0..
.NATIONAL CITY COMPANY
New York City
WM. A. READ & CO.
LEE, HIGGINSON & CO.
WHITE, WELD & CO.
, J. P. MORGAN &C0.
HARRIS TRUST & SAVINGS BANK
J.& W. SEL1GMAN & CO.
GUARANTY TRUST COMPANY of New York
BANKERS TRUST COMPANY ' FARMERS LOAN & TRUST COMPANY
New York City ' i ; ' New York City
CENTRAL TRUST COMPANY OF ILLINOIS ! . HALSEY, STUART & CO.
Chicago. - K v- , . Chicago
- CONTINENTAL AND COMMERCIAL TRUST AND SAVINGS BANK, Chicago
; UNION TRUST COMPANY
FIRST & OLD DETROIT NATIONAL BANK, Detroit
MARINE NATIONAL BANK
New York, Octobtf SO, 1916.
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