THE OMAHA SUNDAY BEE: JUNE 10, 1917.
LIVE STOCK MARKET
Early Advance in Cattle is Lost
' in the Latter Fart of, the
Week Because of the
High Water.
Omaha, Jun I, HIT,
Receipts wer:
Official M (nutty. .
Official TuMdty ...
Official Wwlnwday..
Official Thunday ..
Official Friday
Killmata Saturday ..
Cattla. Hnra. Bheep.
M6 ,70". 6,206
, 6,371
5.27S
. 7,292
MSI
800
1,043
8.IM
12.SS9
14, 7
8,200
(,014
130
4.304
2,977
Ft dayi thli wk....28,m 59.401 11.860
Hime daya laat week. .24,194 47.342 14,426
Same daya 2 weeks affoSI.ZOf 67,635 21,436
Same daya-1 week aa-029,626 41,276 23,957
Same daya 4 weeks ago26,62 63.S01 26,296
Same daya laat year.. 21.060 (7,068 17,864
Cattle Receipt! of cattle as usual oo i
Saturday were too light to be of any oon
aequence or cut any flfura In the trade.
For the wetk recelpta, although delayed by-
the heavy ralna, have been very liberal ai
compared with recent week and at the
lame time quite a little larger than a year
ago. The market advanced aharply during
the Tlrat naif or tne ween, itinera
Wednesday selllnc higher than ever
fore In the history of the market. Later
on In the week shipments delayed by high
water arrived Suet when they wero the
least wanted fend prices eased off rapidly,
the advance of the week being practically
all lost. Tearilngi, which made the most
advance during the middle ol tne ween,
naturally lost the moot.
Cows and heifers kept along about on
a par with beef steers.
Stockera and feeders were la moderate
supply and light demand all the week
Weather condition! were entirely against
the buying Interests and at the close prices
are a little earner even tnan a week ago.
Quotations on cattle: Good to choice
beeves. 812.60&1136: fair to good beeves,
$11.76012.60; common to fair beeves, 110.26
011. 7&; good to choice yearlings, 812.250
18.10; fair to good yearlings, fll.OAftlf-l-;
common to fair yearllngM, l o.ooij 1 1,00 ;
good to choice heifers, $10.26011.60; good
to choice cows, 9.7&pl0'7&; fair to good
cows, $8.7609.76; common to fair cnwH,
$8.6098.75; prime feeding steera, $10.00$
11.00: good to choice feeders, $9,26110.00;
fair to good feeders, $8.6009.26; common
to fair feeders, 87.OO0ll.6O; good to choice
tockers, $9.60010.50; stock heifers, $8,260
10.60; stock cows. $7.00010.00; stock calves,
I 50011.00; veal calves, $10.00014.(0; beef
bulla, stags, etc., $8,00011.00.
Hogs A decline of about lOe from jester.
day's average rounded out a week that has
been anything but satisfactory to hog sell
ers. All conditlona favored buyers again
this morning, fresh supplies being of fair
IM and total offerings very generous, as
they Included some thirty car that were
held from Krlday,
The marke( was on tho down-grade all
week and la closing rfght close to 60a lower
than last Saturday, Bulk today sold at
814.90O16.16, with tops at $16.80, which
quotations are generally a dollar lower than
at tho high time and the lowest since April
4, mora than two months ago. Heavy re
ceipts, the big end of which came at the
close of tha week owing to storms, ac
counted for the decline.
It this week'a supply la any criterion,
tha predictions that June receipts would
ba fully as large as tho May run bid fair
to be fulfilled. The total for tho week Is
19,401, tho largest In mora than a month,
being 12,000 heavier than a week ago and
1,000 larger than either two weeks ago or
a year ago. Arrivals of 111 oars, or $,200
head, today were among tha largest Sat
urday recelpta seen during tha last month.
Resreaaentattva aales:
No. At. Hh. Pr. No. Ar.
Bh. Pr.
40 14 10
... 14 90
100 16 00
$0 16 10
10 IS 20
... 16 SO
80. .177 200 14 7$ 88, .1110
61. .216 80 14 AS 27, .144
St. .198 1$ 14 95 77.. 214
II. .Ill t, II 06 80..220
II. .101 ... II 16 77..S23
14. .19$ 100 II $6 ? $(..808
heep Thera has been another continued
decline in sheep and lambs tha last week.
True, the break has not been nearly so
rapid aa It was tha week before, and since
Monday thera has been no bad decline, buH
the unoertona has been easier ana every
day haa seen lower prices for some grades,
though towards tha week's olosa bulk held
about steady at tha decline.
Cltpped lambs ahow less of a slump than
anything else, not having dropped aver 76o
trice last week's close. High dressing
clipped Mexicans are atlll selling up to $14.21.
having been unchanged since Tuesday, while
$18.60014.00 la buying the bulk of the
clippers. Compared with tha high time
clipped lambs are not over $8 lower.
On the better grades of springers there
haa been a break of about $1.00, whits fair
to common stuff, which Includes most of the
nattvaa that are coming, are orr mora tnan
"tnat. A good many of the native spring
lamba are selling at $11.00016.00. Thoss
, that have been bringing the latter price
' were not tho best, but packers say that ths
figure la about tha limit, though sellers
have an Idea that something real desirable,
wnetner natives or rangers, wouia sen
little higher. Culls are selling at $10,000
14.00, Values are from $3.60 on the better
kinds to $4.00 or more on othera undar two
weeks ago. tha high soot
Tha aupply of old sheep has consisted
mainly of wet ewee In lots of a deck or leas.
Tho better of theao are selling around $9,00
09.76, with others at $7.00 (p 6.00 and the
worst euue under tnat. Tney arc around
$1.10 lower. Choteo tew westerns from the
same feed lota as those that brought $14.00
at tha high time, wero unable to beat
$10.00 aa tho midweek trade. Wethers and
yearlings are nominally credited with
similar reduction, though Bona ot conse
quence bava been offered.
What feeders are coming have, while
little alow, gold fairly well. Aa high aa
114.70 was given for feeder California
springers, while feeder buyers took thin
nattvee at $10.00011.00. California feeding
yearlings sold mt $11.10012.00, while odd
lots of these awaa went to tha country
arouna ae.uuvi.oo.
Quotations on sheep and lambst Tambe,
shorn. 111.25014.35; spring lambs. $11,000
11.26: aprlng lambs, culls, $9.00011.00;
lambs, feeders, $10,00014.70; yearlings,
shorn, tU-60011.00; wethers, shorn, $10.00
010.(0; owes, shorn, $8.00010.00; ewes,
ouiia, Mora, ii.uo0B.go,
St. Lonls Live Stock Market,
St Louis, Juno 9. Cattle Receipts, 100
head; market steady t native beef steers,
(7.(0011.00; yearlings, steers and heifers,
I8.I0O11.1S; oows, $6.00011.00; stock era
and feeders, $6.00010.00; prime aouthem
beef steers, $8.00011.(0; beef oows and heif
ers, $1.2609.00; prima yearling steers and
helfera, 7.(O01O.OO( native calves, $1,000
14.00. '
Hogs Reoefpts, t,800 bead; market
lower; lights, 116.10016.46; pigs, $10,000
14.16; mixed and butchers, $16.10016.70;
. good heavy. 116.70016.76; bulk of Bales,
$15.10015.46.
6 heep and Lambs Reeefpti, 100 head;
market steady; clipped lamba, $11.00014.20;
clipped ewes, $7.00010.00; spring lamba,
H3.00O16.66; canners, $4.6006.76.
Chicago Lira Stock Market,
" Chicago, June (.Cattle Receipts, 1,000
head; market -steady; native beet cattle,
$9.20Oll,7(; stockera and feeders, $1.40O
19.(0; cows and helfera, $(.25011,75; calves,
' $9.76014.60.
Hogs Receipts, 10,000 head; market
weak, generally 16016a under yesterday's
average; bulk. $16.00016.60; light, $14,600
' 16.40; mixed, $14.86016.78; heavy, $14,900
16.80; rough, $14.90011.10; pigs, $10.(00
14.60.
Bheep and Lambs Receipts, 2,000 head;
market steady; wethers, $8.30010.80; lambs,
19,50014.(0; springs, $12.00010,(0.
i CUT Live Stock Market.
Kansas City, June 9. Cattle Receipts,
200 head; market steady; prima fed steers,
$11.60018.(0; dressed beef steers, $10,000
12.26; weetern steers, $9.00018.60; cows,
$6.26011.00; helfera. $8.2(012.60; atockers
and feeders, $7.76010.76; bulla, $7,600
10.00; calves, $7.00012.50.
Hogs Receipts, 400 head; market lower;
bulk of sales, $16.10016.65; heavy, $15,400
16.70; packers and butchers, $16.30018.16;
light, $14.90016.45; pigs, $18.60014.60.
- Sheep and Lambs Receipts, none; mar
ket steady; lambs, $12.00016.26; yearlings,
$11.00018.00; wethers, $10.00 011.(0; awes,
$8.7(011.00.
Slaox City live Stack Market.
Sioux City, la., June 9. Cattle Recelpta,
400 head; market steady; beef steers, $10.00
011.(0; fat cows and helfera, $8.60016.60;
canners. $6.6008.00; atockers and feeders,
$6.00010.16; calves, $7.6008.60; bulla, stags,
etc., fB.00Oi0.60; feeding cows and belt
ars, $6.7609.60.
Hogs Receipts, T,00 head; market
10016c lower; light, $14.76016.00; mixed,
$15.00016.20; heavy, $15.20016.86; pigs,
$12.OO01$.OO; bulk of aales, $14.90011.20.
Sheep and Lamba Recelpta, 100 head;
market weak.
Metal Market.
,t w York, June $.-Heta is Although no
active demand has developed the copper
market has shown continued firmness dur
ing tha week and rather a better Inquiry
waa "reported for the last quarter. Very Ut
tie metal Is available for delivery this side
of August and quotations of $32.00 to $34.00
are practically nominal, for spot and nearby
electrolytic Tho third quarter and later
deliveries- were quoted at prices ranging
from 119 59 to $32.00 by leading refiners to
day, iron was unchanged.
MR. GEORGE BAKH METIEFF. New Russian ambassa
dor to the United States who is now on his way to this coun
try, coming by way of Shangai. He told newspaper corres
pondents Russia would not make a separate peace with
Germany.
- A ST
VSi -BAKHMETIETr if
fH. Ilk "
y
GRAIN ANDPRODUCE
Cash Grain Strong, With Sharp
Advances in All the Ce
reals on the Local
Market.
Omaha, Juna 9, 1917,
Tha oaah grain situation was very strong
today and sharp advances wera scored In all
osreats.
Wheat led tho advancing list, with gains
of 7o to So per bushel, but the trade In this
cereal was somewhat limited on account of
light receipts.
Tha trade In corn waa a trifle dreggy
until a lata hour,, but the demand was good,
and It was only a question of traders get
ting together on prices, which they did
shortly before tho olose, and a good part of
the receipts, which were very large, were
disposed of at prlcea ranging from lVia to
3e above tho market of tho previous day,
The better grades of corn rnngwl In price
from ll.l&H to $1.6644, but the bulk of the
yellow sold around the top of the market,
while tha white sold generally at $1.66 to
$1.86 and tha bulk of th mixed brought
$1.66.
Tha oata market waa active, With moder
ately heavy recelpta and a good cash In
quiry for all grades.
Tha sales generally wero made up of the
No. 1 white grade, which brought (4 lie
but a tew sales of No. 4 whlta wero made
at 14c, and due aala of standard at 6o waa
reported.
Tha recolpta of rye and barley wero un
important, but thera waa a prgtty good Jn
qulry for these cereals at steaUy"prlcea.N
Clearances were: Wheat and flour equal
to 942,000 bu.; oata, 20,000 bu.
Primary wheat receipts wera 608.0OO hn.
and shipments 1,040,000 bu., against recelpta
of 772,000 bu, and shipments of 447,000 bu.
last year.
Primary corn recelnts ware iti.onA hi.
and shipments (84,000 bu., against receipts
of 447,000 bu, and shipments of (71,000 bu.
taic year.
Primary oata reoetnts wera 612.000 hn.
and shipments 770,000 bu. .against receipts
ot 768,000 bu. and shipments of 742,000 bu.
last year.
cahlot b scripts.
Wheat, Corn,
Oats,
ill
Chicago .....
I
111
Minneapolis
Duluth
175
26
21
12
1$
Omaha
Kcvnaas City ,
St. Louis ...
21
Winnipeg
.(36
These sales wera reported today l
Wheat No, 1 hard winter: 2 cars. (2.95.
No. 4 hard winter: 1 oar, $2.88. Sample
hard winter: 1 oar, $2.86. Sample spring; 1
oar, $2.10. No. 4 mixed; 1 car, $2.86, ,
live No. 4: 1 oar, $2.26.
Barley No. 4: 1 car, $1.17.
Corn No. 2 white: 2 cars. 81.66 U: t ears.
$1.68; 9 cars, $1.16. No. I white: 1 car,
$1.86)41 oars, $1.(6. No. 4 white: 1 oar,
$1.66. No. 2 yellow: $ cars, $1,66 4; 2 cara,
tl.lftti 1 oars. $1.61. N. 2 yellowi oara.
$1.6814; 4 oars, $1.66. No. 2 mixed: oars,
1.44; oars, $4.66. No. t mixed: 1 car.
16 cars. 51.66. No. 4 mixed: 1 car.
$1.66; 2 cars, 51.654.
uats No. 1 white: 1 car. $5o. No. I
whlta: 21 cars, 64 4c No. 4 white: 2 cars,
etc, sample wnite; 2 ears, 63c; 1 car,
kmc: i car, vie.
Cash Prices Wheat; No. 9 hard. IS.92A
2.96; No. I hard, $2.9102.94; No, 4 hard,
i.s vx.es. uorn no. i white, $1,66 0
1.864; No. I white, $1.6601.664; No. 4
white. 1. 66401. No. ( white. $1,660
1.864: No. I white. $1.6401.65: No. 2 vol.
10 w, ii.eb vi04 ; no. a yellow, 11.660
i.oo: no. e ye now. ll,ttOl,f No.
yellow, 81.CS01.664; No 6 yellow, $1,640
1.66; No. 2 mixed, $1.6601.66; No. 1
mixed, 8l.6601.66H; No. 4 mixed, $1.6U0
1.66; No. 6 mixed, $1.6501.664; No. 6
mixed, ii.B4tfl.65. Oats: No, 2 white, 64
W6&c: standard. (4ttttti4io: No. 2 white.
640644c; No. 4 white, 63 4 0 64c Barley:
Maltlns-. 11.1601.22: No.vl foed. St.lxAl.iK.
Rye: No. 1, $2.2702.18; No, 1, $3.2602.27.
Xiocai range oi options:
Art.
Open. High.
Low. Clo.8 J Tw.
Wht
July
Son,
S II
t 9$
... 1
1 4H
i II
1 l
Ill
111
111
I II
1 II
Corn.
July
Sep.
Dec.
1 S
1 H4
1 01 101 H
1 01
1UI
Oats.
July
Sep.
lH
II
,0
I0HI
Chlowo eloatnv BrlPM fttpnl.h.ri Tha Tim
by LoKftn A Bry.n, stock and grata brok.ra,
pouin piKie.nin .treat, Omaha
Art. Op.n. Hlth. Low. Clou.
witTT I r
Julr 1 lit 1 III I!) I It
Sept. I 1 IT I I 111 1 01
Corn.
juir t H i it inn i u
Sept. 1 41 1 I0U HI 1 CO
Deo. 1 IT 1 lit, 101 t 10tt
Oata
Juljr 114 l!!l tou , i
Sept. 51 S Mtt II 13
Deo. Hi lit, II 11)4
Pork.
juir II to II lo it oo it it
Sept. II 00 II 10 II 00 II 10
Lard.
Julr It it II II II 41 II II
Sept. II US 1110 1 10 II m
Rl&a.
Juir to lit, lo io io i: to oo
Spt. 10 17 4 II OS 10 17 11 OIU
!!4
111
14
101
II
lit,
II H
IT II
IT Tl
111 II
11 41
10 Tl
10 17
M .GEORGE.
BAKHMET1ETF
''
CHICAGO GRAIN AND PROVISIONS.
Wheat Advances Sharply Beoanao ot Crop
Report Then Recedes Quickly.
Chicago, June (.Wheat ran up swiftly In
price today on account of the government
estimate that the total yield In the United
States this scaaon would be only 16,000,000
bushels more that! was harvested In 1916.
At nn average rate of consumption this
would not allow to exceed 36,000,000 bushels
ror enipment to Europe, under such cir
cumstances sellers were scarce and efforts
to purchase on a very moderate scale caused
the market to rise temporarily as much aa
16 cents a bushel.
Opening prices, which ranged from 1 cent
to 16 cents higher, with July at $2.29 to
82.40 and Hcptembnr at $1.96 to $1.97, were
followed by a sharp reaction soon from the
extreme figures, the market steadying at
( cents advance all around as compared
with yesterday's finish.
The fact that Kansas and Nebraska were
shown to have a shortage of 101,000,000
bushels as compared with last year, tended
to give new strength to the market. The
cloao was firm at 7c to llo net higher, with
July at $2.35 and September at $2.02.
Unfavorable weather led to active buying
of corn. Prices advanced sharply with the
urcfmoBT option leaning. Trade in that de
livery broadened out to a notable rtavrnfl
After opening 4o to 8e higher the market
scored substantial further gains and then
fell back aomewhat.
Fresh upturns ensued, and It was said con
siderable buying waa on the' theory that
meats would continue to sell at high prlcea
and that corn would therefore ba In urgent
demand for feeding purposes. Tho close
waa nervous at gams or Ho to 7tto net.
Bullish constructions placed on the rov
eminent rcnort lifted the value of ot
There was free buying chiefly on tha part
vi commission nouses.
Provisions went upward with grain. Low
er quotations on nogs were ignored.
Chicago Cash Prlcea Wheat: No. t red
ana no. s rea, nominal; no. 2 hard, 82.72
No. 8 hard, nominal. Corn: No. 2 yellow.
si.isvi.ft; no. s ye now, ii.tz: no.
yellow, nominal. Oats: No, 2 white, 660
67c; standard, 64067Vc. Rye, nominal.
Barley, $1.1601.46. Reeds: Timothy, $5.60
rps.uu; ciover, iil.ouwiT.int. Provisions
Pork, $38.26; lard, $21.45091.(5; ribs,
Omaha Hay Market
Hay Receipts light on prarle hay; mar
ket firm and higher on tho better grades
of prairie hay; demand good; lower grades
selling slowly.
Choice upland, $22.00022.00; No. 1, $20.00
Vii. vu; ino. z, sift.uuviti.ou; jvo. s, $7,000
ju.uu. no i miaiana, szu.uuQiai.Qo; no. 8,
114.00017.00. No. 1 lowland. $12.00 0 14.00
No. 2, $8.00011.00; No. 2, $6.0006.60.
Choice Alfalfa $22.00022.00; No. 1
$21.00022.00. Standard, $19.00020.00; No.
I, sib.uuii7.go; no. 8, $11.00013.00.
Straw Oat, $8.0006.60; wheat, $7,000
, Mlnneapolla Grain Market.
Minneapolis, June 0. Flour Unchanged,
Barley Kceil. 42.
Bye 41.S7a.30.
Bran I2S.00OI0.00.
Whoat-ruly. I2.43: September. 1110.
Cash:-No. 1 hard hard. I3.8R4OS.0S4; No.
i normern, fl.fil ft V2.es ft ; no. 3 northern,
IMS4t!.8S4.
Corn No. S ypllow, 11.0814 Q1.684.
Oata No. S white, 04&6&C.
Flax l.les,16. ,
Cotton Market.
New York, June 0. Cotton Future,
opened mm: juiy, 33.03c; October, 33.10c;
December, ll.TIc: January, 31.79c: Harch.
22.160. .
Ellin Butte. Market.
Elfin.
104c,
III., Jun. t. Butter IS tuba at
New Tork. June t. Sugar Market for
auaar luturea waa irregular tnia morning.
with ordera pretty evenly divided, although
uiiu.rioii. wa. eicaiiv on covering IOT
over tha week-end, with closing prices 1
point lower to I net higher; sales, 1,700
ions; juiy, e.vsc; eepiemDer, &.i,c; DO'
cembar, 1.01c; March, 4.64c. Raw, ateady;
molasses, 5.01c; centrifugal, I.SSo, Refined,
etcauy; nn. granuiaiea, T.aoo.
Fortunes Made
In oil 1n tha past few years hare
started, In many Instances, with small
investments In going, growing com
panies. Wyoming's oil fields are pror
ing fortune-maker for many why
not you? ,
BIG BEAR OIL CO.
Is now drilling in Big Muddy field
with every prospect of success. Let us
send you Information and map of this
great section. It will Interest yog and
you art not obligated In any way. DO
NOT DELAY ACT TODAY,
WM. G. KRAPE INV. CO.
43 Gas Electric Bldg Dearer, Colo.
Listed and Unlisted Stocks
Investment Securities
Industrial Stocks
Robert C. Drueiedow & Co.,
860 Omaha N.l'l Bank Bldf.
OMAHA GENERAL MARKET.
June I. Fruit Oranges: 2BAs, 224s,
$3.60 box; 100s, 216s, 2b0i, $3.76; Vih. 160s,
176s, 200s, $4.00. Lemons: Fancy 200s, 360a.
$6.60 box: choice 200a, 260s, $6.00. .Straw
berries: Monday. Tuesday, Wednesday, $4.00
case. Cherries, California, $2.76 box. Pine
apples, all sizes, $3.76 crate. Bananas, 6c
pounL Potatoes Old, $3.60 bushel; new,
4r4c pound. Vegetables Cabbage, 6o pound.
ABDaraaus. 76o doxen. Lettuce: Crates.
$3.60; dosen, 00c; leaf. 3Ec dozen. Cucum
bers: Extra fancy, $1.26 doxen; fancy, $1.00
dosen. Tomatoes: crate. f3-7t; cnoice,
$3.26 crate. Onions: Texas. $2.00 crate;
wax, $2.26 crate. Watermelons, crates, 2c
pound. Honey, $3.60.
Wholesale prices of beef cuts: Ribs: No.
1, 22c; No. 2, 21c; No. 2, 17c. Chucks: No. 1,
16c; No. 2, 16c; No. 3, 16c. Loins: No. 1.
27c; No. 2, 24'c; No. 2, 20 He. Rounds: No.
1, lc; No. 2. 18c; No. 3. 17c. Plates:
No. 1, 14Hc; No. 2. HUof No. 3,14c.
Celery Large Florida, elegant stock, per
dot., $1.00: crates, containing 2 or 4 doz.,
per crate, $3.60.
Butter Fresh, per lb., 33c.
Kggs Fresh, $8.86 case.
Cheese Imported Swiss out; fancy do
mestic RwIhs, 46c; No. 1 domestic, 40c;
block. 33c; twin, 17c; daisies, 27c; triplets,
27o; Toung America, 29c; blue label brlrk,
25c; llmburger, 30c; New York white, 20c;
French roquefort, 66c.
Fresh Flah Halibut, 16c; catfish. 20c;
black cod-sable, 11 He; salmon, 1619c;
herring, 9; bullheads, 17c; trout. No. 1, any
size, 17c; whlteflah, large, 20c; small. 16c;
yellow pike, 14c; pickerel, 11c; white perch,
10c; buffalo, dresead, 13c; Ling cod, 10 He;
Spanish mackerel, ICc; burbot, skinned, 11c;
eel, 17c; red snapper, 14c; carp, dressed, 11c;
black babs, 25c: cropplns, 18c; mullets,
round, 8c; flounders, 12c.
Delicacies Frogs: Jumbo, doz $3.60;
large, doz., $2.60; medium, doz., $1.76.
Shrimp: Peehd. gal.. 12.00; headless. $1.25:
crab meat, lump, gal,, $3.26; shad roe, pair.
boc; turtle meat, ivc; lobsters, green, ac;
boiled. 26c.
Live Poultry Broilers, 14 to 2 lbs., 23c
lb.; hens, 17c lb.; old cox and stags, l2Ha
lb.; pigeons, per dozen, 8ro dozen; turkeys,
fat. 22o lh-: old toms. 20c lb.: ducks, full
feathered, fat, 13c lb.; geese, full feathered,
at, llo lb.
New York Money Market.
New York. June 9. Mercantile Paner--
406 per cent.
Burling Exchange 60-day bills. $4.72:
commercial paper, 60-day bills on blanks,
I4 (i; commercial ev-day bills, i4.iih;
demand, $4.76H: cables, $4.76 7-16.
silver liar, T&ftc; Mexican dollars, 69c.
NEW YORK STOCKS AND BONDS, '
Spirited Advanc In Automobile Shares Is
feature of short HesHlon.
New Tork, Junj The surprising devel
opments of today's short session was a
spirited advance In automomle shares. Gen
eral Motors made an extreme gain of 64
points and Studobaker 4K. others of that
group gaining 1H to 2H points.
Among tne other notable features were
Industrial Alcohol at the new maximum of
10744, accompanied by a gain ot 3 points for
Distillers' securities. United States Steel
was under early restraint, but hardened
later. Independent steels, notably Lacka
wanna and Crucible, made a better showing.
ll . ill
COMMODITY 'p-
CAPITAL Pk- MANAGEMENT
Shrewd investors know that The character of a corporation is determined by the integrity and ability of the men in control,
and the PENN-WYOMING OIL COMPANY is singularly fortunate in the high standard of the men who make up its directorate.
They stand out pre-eminently as successful leaders in business, in banking and finance and in the halls of legislation, while
associated with them are recognized experts, whom long years of successful experience has qualified as natural leaders in the
oil industry. "
THE CHARACTER OF THE PENN-WYOMING OIL COMPANY IS ASSURED BY THE STANDING OF
THE FOLLOWING MEN WHO CONSTITUTE ITS
OFFICERS AND DIRECTORS
E. J. GARDNER . . . President
JOHN A. SHEPPARD Vice President and Assistant Treasurer
CHAS. MITCHELL Vice President and Assistant Treasurer
E. C. B. FLETCHER Treasurer
CLARK COOPER.... Secretary
DIRECTORS
HON. O. B. COLQUITT, Chairman' of the Board; twice Gover
nor of'the State of Texas.
J. W. HOOPES, Governor Federal Reserve Bank, Austin, Texas.
HON. CHARLES R. MILLER, former Governor of the State of
Delaware; President Farmers Bank, Wilmington, Del.
& P. CURTIS, General Manager American Gas Company, Phil
adelphia, Pa.
WM. CURRY, Leather Goods Merchant, Philadelphia, Pa.
A. S. FISCHER, one of the organixers of the Texas Oil Com
pany and Judge.of the Circuit Court, Austin, Texas.
L. D. PREWITT, Field Manager in Texas. t
SAFETY OF THE INVESTMENT
The safety of the capital invested in PENN-WYOMING
shares is assured by the great intrinsic value behind the stock.
Tha Company controls vast empire of petroleum wealth,
covering 12S square miles and located in the proven oil districts
In seven States Oklahoma, Kansas, Ohio, Louisiana, Wyoming,
Arkansas, Texas that in 1916 produced 57 per cent of the
petroleum output of the U. S., approximately four-tenths of the
world's supply of crude oil. V
' The PENN-WYOMING OIL COMPANY covers a complete
cycle in tha petroleum industry, through production, pipe-line,
transportation, refinery and distribution of crude oil and its
by-products. Tha Company's 2,000 barrel refinery, modern in
every respect, is strategically located in the Goose Creek Oil
Fields on tha famous Houston Ship Channel recently completed
by tha United States Government, and has every economic ad
vantage in the way of shipping facilities by both rail and water.
INCOME YIELD ASSURED
The minimum income yield of PENN-WYOMING shares
is assured, since the stock has already been placed on a divi
dend basis of twenty per cent annually, payable in quarterly
installments of five per cent.
PRESIDENT GARDNER'S STATEMENT
"As the present rate of earnings is greatly in excess of these dividend requirements, it is evident that this dividend will not
only be readily maintained, but increased without interfering with the establishment of a substantial cash surplus.
"In conclusion, I believe that in soliciting your clients co-operation to Penn-Wyoming you era recommending to them one of
tha soundest investments in the oil securities markets, and one that will be a source of substantial income for years to come."
We adviso the immediate purchase of Penn-Wyoming Oil shares at the market. The shares now have a broad and active mar
ket on the New York Curb, at around $8.50, and an advance to materially higher price levels is confidently forecast, because pres
ent earnings are mora than double dividend requirements of 20 per cent annually and are steadily increasing.
A. B. BENESCH & CO.,
74 Broadway, New 'c:
Dear Sirs!
Please anter my order for. . .
mtttance therefore inclosed.
A. B. BENESCH . COMPANY
"Specialists in Dividend Paying Oil Securities"
Main Office: 74 Broadway, New York City.
BOSTON WILKES-BARRE NEWARK, N. J. CINCINNATI PITTSBURGH CLEVELAND CHICAGO PHILADELPHIA ST. LOUIS BALTIMORE
Shipping. Central Leather, metals and
sugars also stiffened perceptibly, and rails
Improved after some Irregularities.
The clostng was strong. Bales were esti
mated at 460,000 shares. Bonds wero steady
on more active operations.
Bank Clearings.
Bank clearings for Omaha today were
$6,688,222.28 and for the corresponding day
last year $2,817,247.28. The total clearings
for tha week ending today were $33,146,
078.6$ and for the corresponding week last
year $23,036,918.12.
Ban on Horse Racing at
Newmarket is Threatened
fCr.rrespopdence of The Associated Pres..)
Newmarket, England, May 30.
Newmarket is threatened with the loss
of its prestige as the principal racing
place in England as a result of the
government's decision to stop racing.
Newmarket is. about sixty-five miles
from London, possesses the finest
race course and training ground in
England and its 10,000 inhabitants
have depended on the racing industry
for a living for many years. The
stoppage of racing wilt have about
the same effect on the place as the
taking away of the seafront would
have on Coney island or Atlantic City.
Rev. H. B. Young, rector of the
reading church in Newmarket, is op
posed to the elimination of racing in
his town and hopes that the report
that the government is to consent to
a modified form of racing will prove
true.
"Every one of our 10,000 people,"
said the rector, "directly or indirectly,
lives on the horses. If racing were
stopped for two years we would be
a lost city. The whole industry would
go down. Breeding would deteriorate."
that Newmarket is an unmoral town.
"I think," he said, "that it compares
favorably with any town in England.
There is not as much betting here
as among the cab drivers in London.
"Virtually one-third of the assess
able value of the town is in racing
establishments. A number of train
ers have put their earnings into estab
lishments, starting, say, with $10,000
or $15,000 and adding to it up to $50,
000. Their life savings will diminish.
"There are hundreds of storekeepers
covering an area of seven or eight
miles round the town who live on the
racing and its devotees. Hundreds
of others have invested their money
in business that depends almost en
tirely on the patronage of those who
come to see the horses run."
PENN-WYOMING OIL COMPANY
GENERAL OFFICES OF THE COMPANY: PHILADELPHIA, PA.
OPERATING OFFICES: HOUSTON, TEXAS; TULSA, OKLAHOMA
CAPITAL STOCK
Authorized $5,000,000
Issued and Outstanding . . . . 4,000,000
Reserved in Treasury $1,000,000 ,
AH Common Stock, Ptfr Value, five dollars per share. Full paid and non-assessable.
No preferred stock, mortgage nor indebtedness, except current accounts.
Detach and
City.
. . . . .shares of
KNICKERBOCKER-WYOMING OIL CO.
7 Par Cant. Cumulative and Participating Pr.f.rrad Stock '
Par, $10 Par Shar.
Authorii.d and lo ba issued, $1,000,000
In addition to its cumulatira faatura, this preferred stock alee par.
ticipatea equally with tha common stock in the distribution of dividends
after each claaa haa received 7 in any year.
, COMMON STOCK, $9,000,000
OFFICERS AND DIRECTORS
President - - - R. h. WALSH
resident First National Bank of Sheridan, Wyo.
Vice-President - ' - WM. H. CRIMES
Baltimore, Md.
Secretary-Treasurer - - F. E. BRIGHTMAN
Seattle, Wash.
Director .... IRVING SHUMAN
Chicago, 111., Formerly Assist Treasurer of the United States.
Director .... L. N. ROSENBAUM
of L. N. Eosenbaum & Co., 80 Wall Street, New York..
REGISTRAR AND TRANSFER AGENT
THE EMPIRE TRUST COMPANY, NEW YORK CITY
Holdings:
The Company has acquired very valuable oil and gas leases on
over 10,000 acres, including some of the most advantageously situated
lands in the Big Muddy. Salt Creek, Cole Creek, Midway, Grass
Creek, etc., and other fields being actively developed in Wyoming.
These lands comprise the best locations out of a vast acreage ex
amined by Mr. F. John Sur, a leading oil geologist and a recognized
authority on the Wyoming oil fields. The output of wells now flow
ing on other properties in these fields, including the holdings of Ohio
Oil, Midwest Refining Producers (Texas Oil), etc., vary from hundreds
to thousands of barrels per day.
WYOMING IS NOW THE CENTER OF ONE OF THE GREATEST
OIL DEVELOPMENTS IN THE HISTORY OF THIS COUNTRY
Tlje management of this Corporation is in the hands of practical
oil men. Drilling operations have been started, one well on the Big
Muddy being down 1,240 feet and additional wells will be put down
immediately.
TRADED ON THE NEW YORK CURB
WE OFFER, SUBJECT TO PRIOR SALE, THE PREFERRED
STOCK AT $9.S0 WITH A 50 BONUS IN COMMON STOCK.
Send orders and remittance or inquiries to
L N. ROSENBAUM & CO.
INVESTMENT SECURITIES
80 Wall St.
PR0FITS
GEORGE W. B. FLETCHER, Secretary and Treasurer of the
Bergner & Engel Brewing Company) Director Standard
Ice Manufacturing Co.
J. M. EDWARDS, State Treasurer, Austin, Texas.
UTLEY WEDGE, Consulting Engineer associated with tha
Standard Oil Company for 18 years, Bayonne Refinery.
HON. D. A. GREGG, former Secretary of State, Austin, Texas.
BLAIR FERGUSSON, Fergusson, Bros., Chemists, Philadel
phia, Pa.
C. E. WEAVER, Director Minard Run Oil Company, Brad,
ford, Pa.
A QUARTERLY DIVIDEND OF 5 PER CENT WILL
BE PAID AUGUST 1, 1917
Pre.ent production from only tbirty-ono welU it $4,800.00
a day, or approximately SO par cent on the present outstanding
capitalisation. Fourteen wells are now drilling, and with earn
ing running far abore dividend requirements and being stead- .
ily increased by production, there are unusually sound reasons
for anticipating that extra dividends will be declared from time
to time.
FUTURE PROFITS CERTAIN
Future profits established through enhancement in the
market vajue of shares seem certain by reason of the Company's
vast acreage of 125 square miles and the scientific drilling cam
paign that is now under way.
Present oil leases of 80,000 acres give PENN-WYOMING a
potential annual production of 48,000,000 barrels. The present
ratio of wells to acreage is about one well to each 2,000 acres
while reliable statistics show the average number of productive
wells in the older fields is about one well to each ten acres
while in some districts the ratio is one well to each two acres.
Mail Immediately,
PENN - WYOMING OIL CO. at $8.50
Name
- Address
York
.1917
per share or market. Re-
r
X