THE OMAHA SUNDAY BEE: MARCH -4, 1917.
9 A
NEW YORK STOCKS
Deports From Washington
Bring Joy to Wall Street
District.
MARKET IS VEST ACTIVE
Js'ew York, March . A4vtoes from Wtib-
ington appearlnc to dispose of tha pros
peuts of an extra leoglon of congreaa and
a report that the State department held
that ihlpa earrylnt munitions had right to
arm were received with unctguteed aatls
faction In the financial district today.
The atock market during the brief ses
sion was stronger and more active than
on any previous day of the week, especially
In the final hour, whe nthe entire list
bounded forward Under lead of United
States etee , l.the Coppers, shippings and
some of the rails. .
United States Steel inade an extreme
gain of t points at 108 J with 1 to 1 points
tnr shares of same class and points for
Jjethlecem Steel, Old stock, at 130.
Utah, Anaconda and American Smelting
reatared meals at advances of l to stfc
paints; oils, Motors, equippment ana snip
ping. 1. I and even 4 points, and American
Woolen, Industrial Alcohol, General Bleo
trlcal and American Beet Sugar sold along
more moderately. Canadian Paolflo, New
York Central, fit. Paul, Chicago & North
western and Norfolk A Western, advanced
1 to 2 points on small dealings, with a
fair demand for minor rails.
Weakness In Barrett company Issues was
attributed to the announcement of a new
stock Issue, the common share making a
gross decline of Sft points. Studebaker
was heavy at the outset, but made up the
greater part of its loss on hurried srort
covering. Total sales aggregated S78.000
shares.
General news of the day included Jan
uary statements of the Reading system and
the Chicago & Northwestern .railroad, th
former abowlnr a decided deorease in profits
from operations and the latter disclosing a
substantial net gain.
The bank statement again upset calcu
latlons with only a nominal actual cash
gain and In expansion of almost 161,000,000
London Stock Market.
London, March 8. American securities
after an adjustment to parity finished dull
on the stock excnange toaay. .
Silver Bar, 87 l-Ud per, ounce. .
Monev 4i ner cent
Discount Bates Short and three months'
bills, i per cent.
Nv Tnrk Honor Market.
New York, March 2. Mercantile Paper
10414 per cent.
Sterling Exchange 60-day bills, 14,71;
commercial 60-day bills on banks, 14.71;
commercial 60-day bills. $4.70 ;i demand,
$4.76; cables M-76 7-18.
Silver Bar, 78o( Mexican dollars, 69c,
Bonds Government weak; j tlroad Irreg
ular. '
U. S. r. 2s, reg. M M. K. & T. 1st 4s 7
do coupon ... 99 Mo. P. con. 6S..101H
U. S. 3b, reg.:..100l4Mont. Power ts.. M4
do coupon ...100 N. Y. C. deb. 6s. 108
U. 8. 4s, reg. ...107 N. Y. City 48.107
d coupon . ..108New Haven c. 6.8.102
A. T. & T. C 4 104 No. Pacific 4s... 93
Anglo-French 5s. 92 do 3a .. j. .....
Atch. gen. 4b.... 94 Ore. S. L. ref. 4s 92
B. & O. 4S 9aPac. T. fP. Bs.,100
Beth. St. ref. 6s. 98Penn. con. 48.. 106
Central Pac. let. 90 do gen. 4s...l02
C. O. ov. 4s. 82 Reading gen. 4s. K4
C. B. & 6. jt. 4s 98 So. Pac. cv. 6s. ..100
C.,M.St.P.cv.Sa 103 do ref. 4s tit
C. R. I. & P. r. 4s 73So. Railway 6s. .101
C. & S. ref. 4s 834 Union Pacific 4s. 97
D. A R. G. C 4s. 81 do cv. 4s 93
Erie gen. 4s..... 67 U. S. Rubber 6s.. 102
Gen. Elec. 5s 108 V. S. Steel St.. JOSH
Gt. No. 1st 4 Hi. 99W. Union 48.. 93
I. C. ref. 4s..?... II Dom ot C...19M. 91
K. C. So. ref. fig 88 Bid.
I,. A N. un. 4s... 94 '
In the loan account, reservea contracting
about $3.000, M0. Trading was unusually
light, Irregular with total sales, $1,660,000.
With the exception of registered 4s, which
gained per cent, virtually all other gov
ernment bonds and Panama Issues were
lower by fraction to a point, on call, dur
ing the week.
Number of sales and quotations on lead
ing stocks were:
Bales. High. Low. Close,
Am. Beet Sugar
American Can l.ODO 43
Am. Car & F'ndry 600 65
Am. Locomotive... l.SflO 71
Am. Smelt. & Ref., 7,600 99
Am. Sugar Ref
Am. Tel. ft Tel
Am. Z., L. St 8.... 1,000
Anaconda Copper. . 20.000
Atchison 1,000 1"2 10J
Baldwin Locomo.. 500 62 62
Baltimore ft Ohio.. 700 76 74
Brook. Rapid Tran. ,
B. ft 8. Copper 900 48 47
K
36
81
'89
43
66
98
110
126
3T
102
63
76M
68
4M
Cal. Petroleum 24
Canadian Pacific.
Central Leather...
Chesapeake ft Ohio
C. M. ft St. P....
Chicago ft N. W...
t;., it. 1. a r.
Chlno Copper 10.000
coio. Fun ft iron.. 91)0
Corn Products Ref. 1,700
Crucible Steel 10,700
Planners' Securities 1.000
Erie 1,800
1.800 154
9,400 8H
700 Mi
400 81
$00 117
60
3 16214
87 87
68 68
81 81
116 116
28
46
21
66
23
26
88
4
46
69
46
21
66
23
26
21
66
22
25
General Electric... 300 164 163 164
Great No. pfd 113
ureat no, ure cits, l.&co us sz 3Z
Illinois Central.... 7 1) 6 100 100 100
Inter. Con. Corp 12
Inspiration Copper 69
"Inter. Harvester 113
1. an. . pro. ous. s,uu 11 n "
n.. (J. Douinern
Kennecott Copper.. 6,600
Liouiavuie ft waen
Me. Petroleum 1.900
Miami Copper 2.600
Mo. Pacific, new. 4
Montana Power...
National T,eat..... 200
Nevada Copper 1800
New lorn uemrai,,' ,u
1.70O
600 128
2,000 103
N. Y., N. H. AH..
Norfolk ft Westerfi
Northern Pacific. ..
Pacific Tel. ft Tel. .
$7
40
.
26
96
44
21 U
46 46
126
86 OW
Mttal Market.
New York. March 1. Metal A fairly
active demand was reported for oopper dur
ing the earlier part ot the week, with an
lucreaslng Interest shown in the third quar
ter. Late-, however, business tapered off
and the market was comparatively quiet,
although on of the leading agenoles re
ported sales of electrolytic for the last half
of the year at I31..-0 this morning. The
spot and nearby position was nominal and
the second quarter .rr ctlcaly so at $38.001
25,00, while the price of July ranged from
$33.00 to $32.60. with $31,00031.60 quoted
today for later deliveries. Irou was Arm
ani unchanged.
Ottoa Market.
New York, March l Cotton Futuw
opened steady; March, 17.92c; May, 17.17c;
July, 17.17o; October, 16.360) December.
14.42c.
$8
Sft
26
94
43
137
103
39
29V
100
6
26
96
44
129
102
88
Pennsylvania. ... .. 64
Kay con. uopper... iw.n zsk. zi zs
Readlna
Rcd. Iron & steel.,
Shattuck Arts. Cop.
Southern Pacific, .,
Southern Railway
I , 93
t 78
I 2H
92
77
27
92
93
78
28
2
4.000
1,500
1.700
1.400. 93
2.300 38
Studebaker Co 4.700 100
Tnxita Comnanv.... 900 229 U 22T
Union Pacific 1,000 U6 134 136
U. S. Ind. Alcohol.. 1,400 123 121 123
IT. ft. Stunt 80.400 10SU lOfiV 10SU
U. S. Steel pfd..... 2.500 117 116 117
Utah Copper.....'. 1,600 113 111 113
Wabash pfd. "B" . , 300 24 14 24
Western Union.;.:'. ..' '. 9ZM
Westinghouie Elec. 1,600 49 49 '49
first assessment paia. "uia.
Total sales for the day, 878,000 shares. .
Bank Clearings.
Omaha, March 2, Bank clearings for
Omaha today were $7,996,842.85 and for
the corresponding day last year $4,911,980.66.
The total clearings for the week emilng to
day, were $39,918,641.31 and for the corre
sponding week last year $28,936,093.36.-
Slonx City lira Stock; Market.
Stoux City. la.. . March .- $. Cattle Re
ceipts 300 head'; market steady; beef steers,
iiD.ooa) 11. do: Dutcnere. is.oosrio.uo: tat
cows and heifers, $6, 768.60; canners, $4.60
6.60: stockera and feeders, 17.00 w 9.60:
calves, $6.609.60; bulla, stags, etc., $6.60
8 60; feeding cows and heifer, t6.2508.26.
Hobs Receipts, 6,000 head: market 164?
20c higher: lights, $13.00 18.25: mixed.
$13.30)13.46; heavy, $13.40 13,60; pigs,
$10.00yll.00i bulk of sales, $11.20 13.46.
Sheep and Lamba Receipts, 200 head ;
market steady; fed muttons, $10.25?13.26 ;
wethers, $11.00012.00; ewes, $10.0011.00;
iambs, fis.ouvi4.uo.
Don't Disregard Your Cold.
Few of us realise the danger of coughs
and tolda; don't take the risk; take Dr.
King's New Discovery. Guaranteed. All
druggists. Advertisement.
Invest Now!
IN
ALFALFA BUTTER COMPANY
VMo Net Guaranteed
Double the Earning Power of Your Money
Why be satisfied with only I, I or I per cent Interest on your money from
your bank or loan and building association, when wt pay 7 per cent and with
, equal safety?
The Alfalfa Butter Company Is owned and controlled by local men, and is
incorporated under the laws of the Bute of Nebraska for $600,000.00 divided
into $200,090 common stock and $900,000 preferred, cumulative participating
capital stock, par value $100.00 each, on which we guarantee a dividend of
7 per cent. 4
Omaha is the world's largest butter market, and we are engaged exclusively
iii the manufacture of fine butter, both creamery and "process" butter. Butter
is a product used by practically every on three times a day three hundred
and sixty -five days in the year; no danger of producing more butter than can
be sold, for the demands of the butter market far exceed the supply 1
.Although we guarantee) a' dividend of 7 per cent on each $100 share of
our preferred stock, this stock will pay larger and larger dividends as we con
tinue to grow and expand, for this stock is participating, that is, after 7V
per cent is paid on the preferred stock, a fixed dividend is paid on the common
stock, then the preferred and common stock shara equally in any further divi
dends declared during each year.
Send in the attached coupon, and permit us to tell you about the butter
business, and in particular, the AFLALFA BUTTER COMPANY and this ex
ceptional opportunity. ' .
CUT OUT THIS COUPON AND MAIL TODAY i
THE ALFALFA BUTTER CO., Om.h., Nab. I
Gentlemen
Without any obligation to me, send full particulars regard
ing the issue ot Preferred Stock, guaranteed to yield 7tt per cent
id
6
BBBUIS
L WAREHOUSE SALE
A Genuine Sale-With Genuine Reductions
Every Piece of Furniture in Our Immense Warehouse
Marked Down Greatly Below Our Former Low Prices
' ' - ' - . ; ' .
AMAZING VALUES in high-grade Home Furnishings-, Rugs, etc., are
now being offered in our special Warehouse Sale. The immense stock
that we had stored here is badly overcrowding us, and we simply MUST
have the room. , ,
THIS SWEEPING CLEARANCE is being conducted at our large ware
house, where you will receive the same courteous attention that you al
ways expect of Hartman. Remember the location
FREE AUTOMOBILE service has been established between the warehouse
and our uptown office at 312 South 16th street, First National Bank
building, and the.public is cordially invited to take advantage of this
convenience. . , , ; v ; :' j -: ' :7';v ( V"r::iU
THIS IMMENSE STOCK was purchased just before the great advance in
furniture prices, and the decided reduction in our selling; expense at
. -'. this location has made possible price, concessions that will prove a sur
prise. The response to our announcement last week was splendid proof of
the bargains to be found here, and for this week you will find even greater
.savings.:-' '('..-j.
. " ' . . ' S ' ' !!
Special Easy Monthly Payments Gladly Arranged
on Any Purchase During This Sale ;
13th and Jones Sts.
L f 111
iilUiiU
mm.
naw.nmm,
Otbu tkc iMri
City lie
MMfT millDAlUV 'VST"
INSURANCE COMPANY
A WESTERN COMPANY FOR WESTERN PEOPLE
Summary of Statement, Dee. Si, 1916.
Cash in Banks (all hearing interest) .-. $ 869,956.84
Excess over Policy Liabilities 1,154,998.91
Liabilities 6,011,825.26
Resources 7,166,824.17
Total Paid Policy Holders (since organization) 5,000,000.00
Twelve Years' Growth.
1904 1916 Increase
INCOME FOR THE YEAR, $ 172,426 SW1UW.00 1,820 per cent
NEW BUSINESS .... 2,050.119 25,679,691.00 1453 per cent
PAID TO POLICY HOLDERS. 32,983 1.0C2.499.00 8421 per cent
LEGAL RESERVE FUND . 144,984 5,683,774.00 320 per cent
SURPLUS 12,159 1,05499.00 &J577 per Cent
NINETEEN-SIXTEEN was the greatest year, in erery respect, In the
history of the Kansas City Life. 'The largest percentages of increase in assets,
surplus and insurance in force, make it the best twelve month period in the
entire life of this institution.
DOES INSURANCE PAY? Upon
policies which became claims last year,
there had been paid total premiums of
$84,973. Families of the insured received
back every dollar of premiums paid to the
company and $306,825.76 IN EXCESS OF
THAT AMOUNT or a profit of 361 per
cent on their insurance investment.
Life insurance in these 214 cases had
superlative merit as an investment. YES1
INSURANCE DOES PAY.
SUBSTANTIAL GROWTH: The com
pany's new business for 1916 was $25,904,
: 128.50 or $86,000.00 every business day
of the year. It has now 53,000 patrons.
Our new business last year in Missouri,
Kansas, Nebraska, Colorado, New Mexico,
Oklahoma and Northern Texas was the
greatest of any American company. The
Kansas City Life dominates in western
territory.
ECONOMY IN MANAGEMENT: The
total compensation of all company officials, '
directors and 60 employees during: 1916
was $78,"282 less than 2 per cent of the
income. - ; ' ; ' -.: ;;-
LOWEST NET COST: The company's
business is limited to the most healthful
section of America, where living conditions
are favorable to long life. Its death rata
is low. Interest earnings high.
A POLICYHOLDERS' COMPANY: Ex
cess of income over operating expenses
as $2,184,513.88, of which $1,062,499.04
was paid to policyholders and $1,068,187.00
added to their reserves thus 76 per cent
of the entire premium income last year
was devoted to policyholders. The Kan
sas City Life is essentially a policyholders'
company. ' ,
' INVESTMENTS: More than 80 per.
cent of the'eompany's investments are in .
school bonds, policy loans and first mort
gages on real estate.
EVERY KANSAS CITY LIFE POLICY
REGISTERED AND SECURED! A guar
anty Fund of $5,014,465.02 has been de
posited with the State of Missouri for '
the security of company patrons THE
LARGEST DEPOSIT OF ANY MISSOURI
COMPANY and $590,035.14 IN EXCESS
of net liability to policy holders, j
INSURANCE IN FORCE
IM $MMJ7
' MwtlMIUlM Y
H,M,3M
$18,Jlt,M7.0l
M,y $25,032,121.00
'V$28,881,445.00
V$33,289,174.00
V$42,510,555.00
7$54,061,305.00
7$65,803,227.00 .
VS77 127 ftft
tfS C O A A O A O A A A
H17
Our Symmetrical Growth Makes Possible This Pyramid of Progress.
IMPORTANT TO SALESMEN: The profession of life underwriting
has attracted the most brilliant men because it offers the greatest financial
rewards. Our representatives earn the largest average incomes because the
company is well and favorably known in Western territory and Kansas Qty
Life policies are easy to sell. Through our system of co-operation with men
in the field, previous insurance experience is not necessary to success. If you
have ability as a salesman and are ambitious to increase your income, a con
nection with this successful Western company is what you want - -
We have attractive openings for a limited number of good men in Ne
braska. You are unjust to yourself if you do not write today for details of
our proposition. , . , .
CRAVANS BROS., STATE MANAGERS,
First National Bank Bldg.,
LINCOLN, NEB.
A Buying Guide
The women of Omaha have in
The Bee the best possible buying
guide. Advertisements are money
savers. They are to the housewife
what the market page is to the
business man.
Tbt full and eomplttc advartifint of
almoflt all of Omaba'a tora appaart la
Tha Btt, and on, in Tha Bea.
It will par to watch advertising la
THE OMAHA BEE
' Omaha' t Craafaat Mar kit Plat','
Heavy Hoisting
E.J. DAVIS
- -
1212 Farnam St. Tti. D. IS1
READ BEE WANT-ADS
OMAHA MARVELS AT
ASTOUNDING STORY
Local people marvel at this story
of a business man: "I had to quit
work because of stomach catarrh.
Everything i ate fermented and
soured. Dieting did no good. Finally
I tried buckthorn bark, glycerine, etc.,
as mixed in Adler-i-ka. ONE
SPOONFUL helped me INSTANT- I
LY." Because Adler-i-ka flushes the
ENTIRE alimentary tract it relieves'
ANY CASE constipation, sour stom
ach or gas and prevents appendicitis.
It has QUICKEST action of anything
we ever sold. The Sherman 4 Mc
Connell . Drug Co., . Sixteenth and
Dodge; and the Owl Drug Co c"
teenth and Harney, i