THE BEE: OMAHA. FRIDAY, MARCH 5, 1920.
it
M'ADOO SEES
WAY TO REDUCE
FEDERAL TAXES
Proposes to Postpone Collec
tion of ; Fund for Retire
ment of War Debt
Two Years.
Washington, March 4 An im
mediate $1,000,000,000 reduction in
federal taxes waj suggested in a
.statement issued Here today by Wil
liam G.McAdoo, former secretary
of the treasury. The present tax
Imrden is tod great, he said, and is
"having an injurious effect on busi
ness." Mr. McAdoo proposed that col
lection of a tax to establish asink
injr fund for retirement of the war
lrbt, which was recommended by
-inriTter" Secretary Glass to begin
with the fiscal year of 1920, be post-
........ .1 ...... -. .. r . I lLn ,Ud
deferred payments of European in
terest be funded until Europe is in
position to pay its interest charges.
"The financial policies of the
nation as embodied in future con
cessional legislation." said Mr.. Mc
Adoo, "should realize the utmost
vcononiy in expenditure and might
well fund in long-term bonds $1,-
000,000,000 per annum for two years
of the amount now raised by
.taxation.
Reduce Taxes 5250,000,000.
"Under the laws a tax to establish
a' I per cent sinking fund to retire
bonds now outstanding is to be col
lected beginning with the fiscal year
IfJO. This might well be postponed
for at least tw4 years and thus re
f'uec the tax burden by $250,000,-
00 annually. There, too, is the
debt which i Europe owes us and
which now amounts to about $10,.-
"If the economic restoration of
Europe had proceeded tar enough
so that Europe could now pay in
terest on this debt (as she will be
able to within a few years) we
should, have an income of $500,000,
000 fro'm this source. '
"But that is not not now available.
Why not fund that amount against
the day when it will come back to
us? By postponing for two years
the establishment of a sinking fund
and funding the deferred, payments
of Eurooean interest,- we.,, should
cover 750,000,000 which our taxa
tion might reduce' '
I
Dead Missionary's Wife
Refused Entry to U. S.
.New ork, March Mrs. Mar
garet M. Scouten, a Canadian wom
an who had been a missionary in
East Africa and came to the United
States to earn a living for herseii
and two young children, was de
tained at Ellis Island and ordered
excluded from the country on the
ground, that she was1 likely to be
come a public charge. Her husband,
who also was a missionary, died o!
a tropical disease a year ago. .-;
An appeal was taken and a mis
sionary society asked the officials of
the bureau of immigration j.n Wash
ington to admit her. under bond
Every Maibohm Dealer
Is inspired with the spirit of the Maibohm
factory. He does business in a business way
with fair dealings paramount. He sells you
a car he believes in, because he knows it isv
representative of the very best efforts of an N
organization formed for the finest degree of
workmanship in its products since its in
ception in 1888.
Phaeton, $1,495 ;Sedaht$2J9.!
f. o. b. Factory
John M. Robbins
Motor Company
.'
..
2054 Farnam St. Omaha, Neb. Tel. Tyler 218
Maibohm Motors Company
Sandusky, Ohio .
Booth 22, Omaha Aufo Show . V
UMWmH;mmmmmNw mmmmmmmmmmmmmmmmmmmmmmmmmmammmmmmmmmmimmmmmmmmmm . '. ..u; victory 17.40. (, iubsssSSSmmmkbw
NEW 3-DAY'RECORD
FOR REAL ESTATE
DEALS MADE HERE
Transactions Since March 1 in
Omaha and Douglas County '
Total $2,508,768.
The first three -days of March
marked the completion of 199 real
estate transactions yi Omaha and
Douglas county, involving $2,508,
768, Leo Bozel!, secretary of the
Real Estate board, announced yes
terday. The number of deals and the total
involved are larger than trie totals
of any other three day's business in
the history of the city and county,
according to Mr. Bozell, who pre
dicts that unless there is a sudden
slump the business for the entire
month will exceed $6,000,0001
During the first three days .. of
March, 1919, only 45 deeds changed
hands. The total business was $473,
118. - .
Urges Service Men
Be Given Preference
In Filing for Land
Washington, March 4. Extension
of preferential rights of entry oil
all public lands to former service
men was urged beTore the house
ways and means committee today
by D. W. Ross of Berkeley, Cal.,
former engineer in the United States
reclamation service. He approved
the Smith land bill providing for a
bond issue of $350,000,000 to be sold
in 10 years for the reclamation of
public lands. The bonds would bear
4li per cent and, would be tax free.
Representative Smith, republican,
Idaho, author of the bill, told the
committee the only other land bill
the Monde 11 measure created too
large an expense, as $500,000,000
would have to be appropriated 10
carry its provisions into effect.
"It is assumed that any legisla
tion for the benefit of returned sol
diers will contain a provision for
land settlement," Mr. Smith said.
"Very little help will be expected
of the government in the way of
financial help, under. the bill 1 have
introduced." . ......
$1,350 for One Stock Share
Sets New Wall Street Record
New York, March 4. The high
est price ever recorded for the sale
of one share of stock in the history
of the New York .stock - exchange
was paid yesterday, when 10 shares
of Atlantic Refining comoany com
mon stock sold for $1,350 a share.
The previous record was made May
9, 1901, when Northern Pacific
touched $1,000 dkiring a panic'
1,200 Soldiers File for
Lands as Homesteaders'
Cheyenne, Wyo., March 4. More
than 1,200 former soldiers, sailors
and marines have filed applications
for government land in this, state,
drawings for -which will begin Fri
day, it was announced today. The
land, in the North Platte project,
near Torrington, consists of 80 units,
totaling 5,000 acres.
, --.v" iSS
...i r$.?TP3 m
Market
Live Stock I
Oinah Live Stock.
Omaha. Slarch 4 19S0.
Official Monday.... 6,34a 8.H44 S.STS
Official Tuoaday.... 4.050 S,97 10.173
Dfficial Wednen(lay. 4.5?5 U,03 3,819
Kstimata Thuraday,. 3,100 10,000 i 3,600
Four days thla wk..17.lA 3.14 SS.163
Same tiaya laat wk.. 24,301 4U.25 40.117
Sam J wteka ago.. 23.77 44,117 40.127
Hume 3 weeks ago.. 20,912 80.024 47.91 9
Ssms days r. alio. ."J. 201 70,101 36.03
Kco-lpin and dlLioslllon of !lv utorft at
the UiiluK Ktok Ysrda, Omaha, Nb.. lor
21 houra t'i,d! at J u olovk p. m., Marc.lt
4, 120. . .1
RKCEirTS. 4'altl. Huns. Kliefp. H-M.
Wabash 3 K
Mlwnurt i'ttciflc. 5 .. ..
tnlmi I'cclfio ..! 2 . ,11 !
C. & X. W., east A - li 1 .,
:. x. v., w't 12 r.o . ,
C St P M & O 1J 2 .. t I
C H & Q east 4 . . . .
C B Q west S4
o a i & p e&m v - 3 x i . ..
C R 1 P wal.. 1
Illinois Central 6 2. . 1 1 . .
Chi. lt Wcat.. t :i ..
Tata! receipts 114 142 H i
DISPOSITION".
Cattle. Ilogn. Sho.
MliiriB i- Co 4HK 1,205 , 521
Swift ic Co 619 2,081 S.032
t'.'udahv I'arkina Co 894 2.217 93
Armour Co , 581 1.183 979
Suhwurts & Co. 277
J. W. Jturi'hv 1,633
Lincoln Packing Co 105
So. Gin. Packing Co 3 ..... .....
John Koth i Sons.. II
OlassberK i.
Wilson & Co :;k '
F. p. ljewis 17 .....
HuntnintftT Oliver 2." '
J. H. Hoot .V- Co.... 2
Knd'iisloek Bros.... .....
P. O. Kcllotijr 29
Werihei'er & Deifen 2
Sullivan Pros H '
A. Rnthchlkl ... 6
Haker 12
John Harvfy 234
lpmm Francla...
Omaha Packlnif Co 7 .
Other Buyers 593 78
Totnl ...8,771 S.507 4, SOS
Cattle R.jcelpls of cattle today were
the lighten!: of the week with around 8,200
hori which MiHkea the total for the four
days 17,100 heart as compared with 24,300
a wetk ago and 23,200 the corresponding
time last year. On account of the light
supply, anil active demand betf steers
a.iin Bold higher today, the advance
being placed at l.'!ff25c. Total gain ae
compared with last week's close Is around
91.00 1.26. Butcher stock also shared In
the advance today, most sales being 15 sp
25o above yesterday's close. During the
last four days they have also advanced
$1.001.25 or more on the good kinds
with canners perhaps 60c higher. Top
price this week was 919. Op. Blockers and
feeder sold readily at steady to strong
prices again today and show an advance
over last week's close of 25840c. Ar
rivals are light and demand Is brisk.
Quotations on Cattle Oood to choice
beevM, $12.fl014.00; fair to goc! beeves,
910.CO(S12.00; .' eoimnon to fair beeves)
$9.608 10.60; good to choice yearlings,
9U.60ii3.7S; fair to good yearlings, 910.00
11-60; common to fair yearlings, 99.00!$
10.00 choice to prime heifers, $10.00
11.25; good to choice heifers, $9.0010.00;
choice to prime cows, tlO.OOjlS 11.60; good
to choice cows, $S.5010.00; fair to good
rows. $7.008.50 qommon to fair cows,
$4.007.00; choice to prime feeders, $10.60
11.50; good to choice feeders, $9.75'
10.50; medium to good feeders. $8.50'3
9.76; common to fair feeders, $7.50S.50;
good to choice stockers. .8.6010.50; fair
to good stockers, $7.75 9.60; common to
fair grades, $6.007.76; stock heifers,
$5.50)8.60; stock cows, $5.007.60; stock
calves, $6.0010.00; veal calves. 89.60
15.50: bulls, stags, etc., $5.0010.00.
BEEF STEERS.
No. At. Sh." Pr. , No. Av. 8h. - Pr.
I 1001 $11 i5 10...... 900 811 60
8 1083 11 65 10. 1226 11 75
64. ...,.1009 11 90 " 42r,v..ill46 , 13 15
40.,., ..1187 12 60 . 39 ., 969 12 65
20 1290 12 85 6......1231 13 00
35 1U3 13 50 22 1306 13 75
STKEKS AND HEIFEKS
8 , .
10
12......
ess
534
11 00
30..
824 1126
850 11 78
11 50 6...
13 20
COWS.
.1008 25 . 8,..
. 901 J i 27...
.1056 TO 25 6...
.1204 10 40 5...
:o..
...
...1302 9 00
...1133 9 90
...10S6 10 25
...1164 10 60
HEIFERS.
S40 8 35 38...
... 738 8 K
,.. 86810 85
...1670 9 00
...1670 9 00
P 63 9 35 7...
1 1470 8 60 1...
' ' Bt,LS.
1....,1470 8 60 1...
1. ...... D 90 10 00
CALVES.
1 310 9 00 -2...
415
10 60
11 60
160 11 00 , fi.
428
60 , 12 OOv . 1. 120 14 60
..172 15 00
STOCKERS AND FEEDERS
.. 616 9 45 25 872 10 25
U.
HOGS.
Xo. Av. Pr. No. Av. Pr.
51. .254 ... 13 25 69. .257 160 13 60
40. .338 70 18 60 46. .307 250 18 70
47. .260 . 70 13 75 45, .315 ... 13 80
69. .268 40 13 86 113. .946 ... 13 90
80. .205 ... 13 95 89.. 207 70 14 00
64. .249.. 70 14 00 64. .249 ... 14 05
73. .232 ... 14 10 73.. 231 ... 14 15
E4..166 .... 14 25 69. .218 70 14 30
63. .225 ... 14 35 66. .210 ... 14 45
63. .225 ... 14 36 66. .210 j.. 14 45
Sheep Receipts of. sheep and lambs a
all leading markets were very JtSht, the
Omaha market estimate calling for only
2.6U0 Dead. This small supply was It
nored as trade Influence and the market
ruled dull and draggy at prices steady or
very nearly so. Well finished fat lambs
sold around 918.7519.25. the latter prices
being the day s top. Plain light lambs,
about 70 pounds average, brought $18.00.
There were no (.beep included In the offer
ings and prices In this branch of the trade
remained steady. Feeders were also very
scarce but good fleshy lambs are Inllm
Ited demand on country account around
$17.0017.25.,
Quotations of Sheep Lambs, good to
choice. $18.75 iff 19.36; lambs, fair to good,
$1S.OO18.75; fleshy feeders. $17.0017.25;
welhurs, ?3.26ffil4.25; ewes, good to
choice, $12.5013.25; ewes, fatr to good,
$12.0013.50; good feeder ewes, $8.26
9.60; ewe culls and canners, $7.00S.OO.
FAT LAMBS
No. Av. Rh. No. Av. Sh. Pr.
196 fed.'. 69 18 00
Chicago Live Stork
Chicago, March 4. Cattle. Receipts,
11,000 estimated tomorrow, 4,000; market
(20 (JteSinRV
WctTBfiOBB
9
TRUCK
BODIES
Republic S.
and Financial News of
New York
By NEW YORK TIMES.
Chicago Tribune-Omaha Be Letuted Win.
New York, March .4. Without
showing preliminary indications, the
toreiKii exchange and cotton mar
Jcets suddenly advanced this after
noon and maintained their strength
to the close of business. Tfie pivot
of the swing forward was sterling
exchange, which, at the maximum
quotation, recorded a rise of 14 cents
to, the pound, as compared with the
final quotation the day before.
Clearly, so extensive an improve
ment in a single session of dealings
indicated the presence of new influ
ences in the exchange market. Bank
ers irl position to know intimately
the financial attitude of British and
French leaders were non-committal
in discussing underlying factors at
work in the exchanges, but the
street was conviuced ' that a move
ment of gold from Europe to the
United States- was at least under
contemplation. . It was likely that
speculators in, exchange sensed the
drift of quotations soon after they
began to move upward and "pur
chases for the sake of a profit had a
part in afternoon dealings. Offer
ings of bills were light, as they had
been for a week previously, and
this tended to impart a volatile
quality to the market. Franc rates
climbed ..and other, exchanges re
flected in positive fashion the un
usual movement of London prices.
Iadustrial Stocks Gain.
Industrial stocks of the groups
which appeal particularly to traders
scored iet gains amounting to 2 and
in some instances to 3 and 4 points.
While these were advancing, how
ever, the rails disclosed a decided
lack of . interest and the comment
f brokerage offices emphasized the
uncertain situation of sentiment in
respect to them. This attitude mere
ly denoted that speculators and in
vestors alike are chary of acting in
the railway stocks before particular
sections of the railroad law are in
terpreted by authority into practical
operation. Doubtless, most of the
stimulus within the oil, steel, auto
mobile and other active issues came
from the covering of short stock
and the share which this influence
took in the afternoon dealings was
attributed to the call money rate as
well as to the foreign exchanges.
firm. Beef steers, medium and heavy,
choice and prime, $14.33 1 8.90 : medium
and good, $11.6614.85; common, $8.65
ii.ou; ngnt weignt, good and choice,
812.69lS.96f common and medium, $9.25
I2.su; outcner cattle, n titers. $7.53
13.60; cowsk $7.0012.60; canners and cut
ters, 94.T6Qi6.90; veal calves, 815.25916.76;
feeder steers, $8.99011.75; etocker steers,
$7.00010.65.
Hogs Receipts, 30,000: estimated to
morrow, 17,000; market steady at yester
day's average. Top, $15.30; bulk, $14.40)
15.15; heavy, $14.00014.75; medium, 814.69
015.16: light. $14.86015.30: lieht light.
$14.85 0 15.10; heavy packing sows, smooth
13. uu 13.60; packing sows, rough, $13.40
013.80; pigs, $18.25014.60.
Sheep and Lambs Receipts. 11,000;
estimated, tomorrow, 6,000; market weak-
Lambs, 84 pounds, $17.35020.00; eails
and common, $14.00017.00; wes, medium,
good and choice. $11.00014.25; culls and
common, $8.00010.75.
' St. Louis Live Stock.
East St. Louis. March 4. Cattle Re
ceipts. 2.100 head; market strong to
higher: 'beer steers, medium, and heavy
weight, choice and prime, $13.50015.00;
medium and good, $10.76013.00; common,
95.00010.50; lightweight! good and choice,
$12.23014.60: common and medium, $8.50
012.00; butcher cattle, heifers, $7,850
13.55; cows. $7.25011.OO canners and cut
ters, $4.5O7.0O; veal calves, light and
heavyweight, 812.0016.00; feeder steers,
$8.00011.60; stocker steers, $7.00010.60.
Hogs Receipts, 14,000 head; market
steady; " top, $16.46; bulk; $15.00015.. 0;
heavyweight. $13.86014.86; medium
weight, $14.65015.40; lightweight. $15.10
015. 46 light light. $14.85016.85; heavy
packing sows, smooth, $12.60012.75; pack
ing sows, rough, $12.00013.50; pigs, $11.00
015.00.
Sheep and Lambs Receipts, 1,200 head;
market steady; lambs, 84 pounds down,
$17.75019.75; culls and common, 913.600
.17.60; yearling wethers, 916.00018.00;
ewes, medium and choice, $10.25014.00;
culls and common, $5.0008.00,
Kansaa City Live Stock'.
Kansas City, Mo., March 4. Cattle
Receipts, 2,100; market strong to un
evenly higher; heavy beet steers, choice
and prime. $18.60014.78; medium and
good, 912.00013.50; common, 89.76011.90;
lightweight, good and choice, $11,850
13.86; common and medium, $8.60011.85;
butcher cattle, helfets, 87.10013.90; cows,
96.90011.40; canners' and cutters, 94.25W
6.90; veal calves, $13.00016.00; feeder
steers, $8.25012.40; stocker steers, $6.50
011.26. t
Hogs Receipts. 5.60O; market' steady
to 15c hlaher: bulk. 814.00014.96: heavies,
$14. 00011.40; medium, $14.10014. 90; -j
lights, $14.50015.00; packing; sows, iij.sa
013.00; pigs, $12.50015.25, .
Sheep and Lambs Receipts,-1,600; mar
ket active 'and strong; lambs, 816.500
19.25; culls and common, $19.00016.95;
yearling wethers, $15.00917.60; ewes,
$11.00013.75; culls and common, 95.26
10.76; breeding ewes, $9.50016.00; feeder
lambs, $14.25016.75. '
Sioux City Live Stock.
Sioux City, la., March 4. Caljtle Re
ceipts, .8.000 head; market strong; beef
steers, choice' fed, $13.60015.50; short fed,
$10.00012.50;' beet Cows, $7.0009.00; fat
cows and heifers, 96.00013.00; canners,
94.00iM.50: feeders, 99.00011.00; stockers,
37.00&10.00; feeding cows and heifers,
$5.5008.00; veal calves. $8.00016.00;
oommon calves. ,$6.0009.60.
Hogs Receipts, 3,000 head; market
steady to 16c lower; light, $14.0014.60
mixed, $13.80014.26; heavy, $13.35014.00;
buik, $13.80014.20.
Sheep and LambB None.
St. Joseph Live Stock.
St. Joseph. March 4. Cattle Receipts,
1,500. head: market 25o higher: steers,
$9. f,0 14.00: cows and heifers, 94.600
12.50; calves. $6.60013.75.
Hogs Receipts, 6.500 head; market
steady to ISc higher; top, $14.66; bulk,
813.90014.75. .
Sheep and Lambs Recelpta, 900 head;
market steady; lambs, 918.60019.25; ewes,
$11.60013.00. ,
Med Fruits.
New York.' March 4. Evaporated Ap
plesIrregular; western, 161Sc; state,
18&26C.
Prunes Easy; California, 9H30c; Ore
gone, 11021c. a
Apricots Eaey: choice, 27 0 28c; extra
choice, 29030c; fancy, 82c.
Peaches Quiet.
Raisins Easy.- loose muscatels," 221,0
25c: choice to fancy seeded, 210 22c;
seedless, 22029c. .
Turpentine and Boaln,
Savannah, Ga., March 4. Turpentine
Firm, 91-97U; sales, 94 bbls.i receipts, 4
bbls.; shipments, ISS .bbls.; stock, 6,036
bbls.
. Rosin Firm, eales, 603 casks: receipts,
513 casks: shipments. 166 casks; stock,
29,608 casks. Quote: B, $17.00; M, $18.00;
N. W. Q., WW. $18.25.
, Pry Goods.
New York, March 4. Cotton goods and
yarns were quiet today with small con
cessions In price made. Raw silk was
firmer and silk goods quiet. Burlaps con
tinued easy. Men's wear and dress goods
were steady.
Trucks
FIRESTONE
RIMS
Wheel Builders
Financial News
Standing demand loans were re
newed at 9 per cent instead of the
10 per cent quotation of other days
of the week, and subsequently funds
were in supply sufficient to maintain
the renewal rate all the way along.
The ?light easing of call monef was
explained in several ways, all to the
satisfaction of eager traders. From
one point of view deposits were be
ing bnilt up at New York by corpo
rations making ready for their in-1
come tax . payments and as this
money would not he paid out until
around March 15 it would tend to
expand call loans supplies and bring
rates down. From another, largti
tax payments already made were
being distributed among the banks
by the treasury and- this process
would increase the call money of
ferings. - Time money rates stood
stiffly at 8 and9 per cent.
Gold Shipments Expanded.
It may be that later considerations
of today's business in the markets
will show that speculative opera
tions, centered chiefly in short cov
ering purchases, had more to do
with price movements than the urge
of a real economic force. At the
same time that possible gold im
ports were being discussed, the out
ward flow of the metal from New
York was expanded through the
shipment of more than $16,000,000
to South America and the expecta
tion that around $10,0110.000 would
probably go next week. If England
and France send gold it is expected
to come in relatively small lots, hav
ing as its primary purpose the prepa
ration for the Anglo-French matur
ity in the autumn. What is believed
in well-informed circles to be of
much importance in directing senti
ment is the recent dissipation of
pessimism over the general Eu
ropean situation, a development
aided not a little by the constructive
ideas about supporting the indus
tries of central Europe which have
come from the supreme council deal
ing with matters of the peace treaty.
Sterling sight drafts closed at
3.55 1-4, compared with a maximum
quotation of 3.60. Francs were 39
points higher when business ended
than the day before, after showing a
greater gain earlier in the afternoon.
A reaction was not surprising after
New York Quotations
Number of sales and range of prices of
the leaulns stocks.
Bales. Kign. low. Close.
800 6 79i 80
6.800 43 42 43 a
3,400 132 14 130 133
1,900 20 19 20
11.800 94 92 Vj 94
2,200 62(4 6f- 62 !4
1,800 127 123 126
2,600 S7 83 864
Am. Beet Sugar.
Am. Can.
Am. C. & F
Am. H. & L. Jfd
Am. loco
Ami S. & R. . . .
Am. Sugar Ref.
Am. Sum. Tob.
Am. T. & T . . . .
90V SS'j 7$ US1
Am. 7... L. & S... 3,400 19
IS 19
66 'i ilu.
Anaconda uop.... 4.0110 tu
AtohiSoh 2,200 82 82 82-
A. O. & W. I. 8. S. 200 88 87 88
Baldwin Loco.... 68. 500 111 10$ 111
1U
35 g
B. A O 4.000 36 36
Ueth. Steel "B". . .15.300 87 85 87
P. & S. Cop 2,400 26 25 26
Cal. Pet . 2.600 37 85 37
Canadian Pacific. 1,000 190 118 ft 120
Central Leather .. 2,900 -80 78 80
Crcs. Ohio 400 66 65 56-i
C, M. &;St. P.... 7fl 89 87 88
CAN. W 300 96 86 86
Ci R. I. & P. ...26,400 38 . 36 87
Chi!10 Cop 900 38 ' 32 32
Colo. F. 6: I. ...... 800 99 39 39
Corn Products.. ,..11.600 89 81 83
Crucible Steel .... 5,600 198 196 196
Cuba Cane Sugar, 1,600 43 41 43
Pint. Sec. Cor.... 2,900 62 69 62
flrie 900 14 14 144
Gen. Electric 700 162 160 162
General Motors. . .14.800 247 243 246
at Northern pfd. 1,400 77 77 77&
Gt. Nor. Orectfs., 1,800 37. 37
Insp. Cop 1,600 53 51
Int. M. M. pfd.... 14.000 36 38
Int. Nickel 2.900 21 20
Int. Paper 4,400 76 74
K. C. Southern... 1.000 17 r 17
Kennecott Cop.... 1,200 28 99
37
63 'A
38
21
76
17
Louisville Nash. 100 108 103 103
Mexican Pfetro.:. .14,900 177ft 171 176
Miami topper.... mu zs "zz
Midvale Steel S.900 46
45H
47
14
71
32
94
76
.86
42
27
54
11
74
87
46
28
14
71
33
94
78
88
42
28
66
18
73
89
41
Missouri pacific. 2,700
Nevada Copper... 800
New York Central 1,300
N, Y., N. H. & H. 10,300
Norfolk A West..' 100
29
14
71
88
94
North. Pacific..., 700 78
Pan-Amer. Petro. 39,800 88
Pennsylvania .... 8,500 42
Pitts. & W. Vft.. 200
Pittsburgh Coal.. 1,200
28
56
Ray Con. Copper. 2,600 18
Reading- '. 1,400 75
Rep. Iron & Steel. 23,400
Sinclair Oil Ref.. 43.000
90
41U
39 TA
South. Pacific... 5.500 96 94 V 96
Southern Railway 5,600 24 23 24
Studebaker Corp. 20.600 86 83 86
Texas Co 11,500 133 179 183
Tobacco Products. 6,000 64 61 64
Union Pacific 1,900 120 118 120
United Cigar S.. .10,200 69 67 69
V. 8. Ind. Alcohol 6,600 82 78 82
U. S, Steel 93,700 97 98 ,97
V. a Steel, Ffd. 900 111 110 110
Utah Copper 600 71 , 69 71
Western Union....' 200 86 ' 85 86
West. Electric... 1,700 51 304 51
Willys-Overland .. '4,200 24 24 24
National Lead 300 77 77 .77
Ohio Cities 1,400 44 48 44
Royal Dutch 22,600 101 98 101
Bond List. ,
IT, S. 2s, reg.,100
III. Cen. nef. 4s 71
I. M. M. 6s 80
K. C. S. ref. 5s. 70
L. & N. un. 4s.. 92
M.fc.&T.lst4s.. 87
M. P. gen.- 4s.. 65
Mont. Pow. 5s..85
N. Y. C. deb. 6s 92
Nor. Pac. 4s.... 76
Nor. Pac. 3s... 14
O. 8. U ref. 4a 90
P. T. A T. 6s.. 85
Penn. con. 4s. 91
Penn. gen. 6s.. 98
Reading gen. 4s 79
S.L.&S.F.ad.6s.. 62
S. J, cv. 6s.... 101
8. Ry. 6s 84
Tex. Co. cv. 6s. 10O
Tex A Pac. 1st. 90
U. P. 4s 83
U. K. of Q. B. A
I. 6s. 1937.. 96
U. 8. Rub. 6s... 84
U. 8. Steel 6s... 97
Wabash 1st ... 87
U. 8. 3s, cou..l00
U. 8. 4s, reg.106
U. S. cv. 4s. O.J06
Pan. Ss. reg.. 88
Pan. 3s, cou.. 88
A.T.AT.CV.8S... 96
A. -French fs... 98
ArmourCo.ts. 83
Atch. gen. 4s., 76
B. &0.cv.48... 64
B. ' Steel, ref. 6s 85
C. Leath. 6s... 94
Cen. Pac. 1st.. 72
C. & O. cv. 6s.. 79
C.B.AQ.Jt.4s..., 93
C.M.S.P.cv.4s. 71
C.R.I.AP.ref.4s. 65
C.Cop.col.tst.6s. 78
City of Paris 6s 90
C. &8.ref.4s... 70
D. AR.O.con.4s. . 62
D.ofC.5s.l93t... 91
Erie gen. 4s. . .. 44
Gen Eiec. 6s.. 85
G. N. -st 4s 82
Bid. '
New York Money.
New York, March ,4 Mercantile Paper
6 06 per cent. '
Sterling 60-day mills, 83.46: commer
cial 60-day bills on bands. 93.46; commercial-60-day
bills, $3.46; demand,
$3.60; cables, $3.61.
Francs Demand 14.02; cables. 14.00.
Belgian Francs Demand 13.62; cables,
1S.60.
Guilders Demand, 86: cables, 37.
Lire Demand 18.23; cables. 18.20.
Marks Demand 1.02; cables, 1.03.
Government Bonds Irregular.
Railroad Bonds Firm.
Time Loans tgrong; all dates V$ per
cent.
Call money steady; high 9; low 9; rul
ing rate, 9; closing bid, 8; offered at 9;
last loan 9; bank acceptances, 6,
Prices of liberty bonds at 9:65 p. m.
today were: 3a, 96.64; first 4s, 80.10:
second 4s, 89.80; first 4s, 91.28; second
414s, 89.90; third .4s, 92.84-, fourth
4 Vis. 90.10; Victory 3s, 97.36; Victory
4s, 97.38.
New York Metals.
New York, March 4. Copper Easier;
spot and first quarter, 18 ; second quar
ter, 19. .
Iron Unchanged. ,
Antimony $11.87. '
Lead Quiet; spot and March, $9,000
9.37.
Zinc Quiet; East SU Louis, spot. 98.(0
8.69. ' .
At London Spot copper, tin, 17i d;
Electrolytic. 137; tin, 1318; lead. 47. 15s;
sine, 157.
I ' liberty Bond Prices.
New York, Marcb 4. Prloes of Liberty
bonds st 11:30 a. m. today were: 3s.
i.hi; first 4. 90.10; second 4s, 89.80;
first 4V,i, (1.34: second ts, 89.98;Mhlrd
4s. 83.36: fourth 4'is. 90.16; Victory
sit a, J.4u; victory 4 , $7.40.
the Day
Omaha Grain
. - j Omaha. March. 4, If JO. .
Tber- wa n generally stronger market
for wheat today, with prices about 9 cents
up. ,vThe demand was fair Corn prices
advanced S to $ cents. Oals were gen
erally cent higher. Rye scored an up
turn of 4 cents. Barley was also higher.
Oraln receipts today were light, corn
bout equaling the total of other grains.
Casu sales were: , 1
Wheat No. 1 hard. 1 ear. $2.51; No. t
hard... 1 car, $3.47; 1 car, $2.46; t car,
$2.44: 1 car, $2.48 (smutty): 1 car, $3.36
(smutty); No. 1 hard. 1 tr, $2.43; 2
cars, $2.41; 1 car, $2.40; 1 car,) $9.39;
lvcar, $3.85 (smutty); 1 car, $2.3$ (smut,
ty) 1 car, ,$2.80 (smutty); 1 ear, $2.28
(very smutty; No. 4 hard. 1 car, $2.87: No.
6 hard, 1 car, $9.20; 1 car, $2.16; sample
hard, 1 car, $2.10; No. 4 northern spring,
1 car, $2.33; No. mixed, 2-5 car, $2.35;
sample mixed, 1 car, $3.05 (14 per cent
Corn No. 3 white, t car, $1.46; No. 4
white, 3 cars, $1.44; No. I white, 4 cars,
$1.41; No. 4 yellow, 1 car, $1.48; cars.
$1.41; No. 6 yellow.. cars, $1.89; 1 car,
91.88; No. 8 mixed, 1 car. $1.42; No. 4
mixed, 1 car, $1.40 (near white); 3 cars,
$1.38; No. 6 mixed. 1 car, $1.89; 1 oar,
$1.39 (near white); 1 car. $1.39 (near
yellow); 1 car, $1.38; No. mixed, 3 cars,
$1.36.
Oats No. 2 white, 1 car, 87c; No. S
whtte, 8 cars, 86c; 1 car, 860 (shippers
weights); No. 4 white, 1 car, 96c.
Rye No. 8, 1-car, $1.61. .
Barley No. 4, 1 car, $1.$8.
OMAHA GRAIN MOVEMENT.
Receipts Today. Wk. Ago. Yr. Ago.
Wheat. 24 24 16
Corh .42 49 38
Oat 15 ,38 14
Rye 2 ! I I , 1
Barley 2 . , 4
Hhipmente ,
Wheat 38' , - 34 15
Corn ...$ '; l ,
Oats ....'.........13 17 17
Rye 13 10 '4
Barley 1 9
., RECEIPTS IN OTHER MARKETS.
Wheat. Corn. Oats.
Chicago ..; , 13 - 18 48
Kansas City 96 42 17
St. Louis 23 64 71
Minneapolis 74 j ..
Duluth v U '
Winnipeg 198
' Omaha Grain Inspection.
The number of cars of grain of the
several grades Inspected o"!n ' here dur
ing the past 24 hours follows:
Wheat No. 2 hard, 2;"No. hard, 6;
No. 4 hard, 6; No. 6 hard 2; sample
hard, 4; No.' 2 mixed, 1: No. 3 mixed,
2; No. 4 mixed, 1; No. 4 spring, 1; No.
3 durum. 1; Total 24.
Com No. 4 white, 3; No. S whit. 5;
No. 3 yellow, 1; No. 4 yellow, 8; No. S
yellow, 8; Total 26.
1. Oata No. 2 white, 4: No. 3 white. 10;
No. 4 white, 2; sample white, 1; No, S
mixed, 1; Total 18. . . .
Rye No. 3. 2; No. 4. 1; Total 8.
Barley No. 4, 1; sample. 1; Total 8.
PRIMARY RECEIPTS AND SHIPMENTS.
Receipts ! Today. Yr. Ago.
Wheat 869,000 487,000
Corn .........1 86.000 976,000
Oats , 646,000 415,000
Shipment
Wheat ..406,000 502,066
Corn ..516,000 316.000
Oats ;. ,...656,000 605,000
, Kansas City Grain. -v
Kansas City, Mo., March 4. Corn
May. $1.41; July, 11.36; September,
$1.31. . r
8t. Louis Grain.
St. Louis, Mo., March 4. Cor May,
$1.48; July, 91.87.-
Oats May, 95c.( -
New York Coffee.
New York, March 4. The market for
coffee futures showed renewed firmness
today, owing to reiterated reports of an
Improved spot demand, while there were
also rumors that inquiries from Germany
were being received In the Rio market.
Owing to the interrupted cable service
these rumors were neither denied nor con
firmed, and there were no official quota
tions from the Brasllian markets, but it
was reported that some of the local houses
had received bullish advices from Brasll
by way of London. The market opened at
an advance of 15 to 19 points, with active
months selling 87 to 43 points net higher
during the early afternoon. This carries
May up to 15.20c, or more than a cent
above the low -level of last Saturday, and
attracted enough realizing to cause re
actions of a few points, although selling
otherwise was held In check by tha bullish
.spot talk and advance In sterunf ex
change.., May closed at 15.02c, with the
general list showing a net advance of
14 to $4 Points. Closina bids: . March.
14.50c: May, -15.02c: July, 15.26c; Septem
ber, 16.07c; October, 16.06c; December,
16 (Mr
Spot coffee steady; Rio Ts, 15o; Santos)
Omaha Bay Market.
Receipts heavy on both prairie hay and.
alfalfa, and the demand is fair, which has
caused the market to decline on alfalfa
alto on soms grades of prairie hay. Me
dium grades of hay and alfalfa ate mov.
lng slowly. Oat and wheat straw steady
Upland Prairie Hay No. 1, $30,000
21.00; No. 2, $16.00018.00; No. 3, $9,000
13.00. 1
Midland Prairie Hay No. 1, $18,000
10.00; No. I, $15.00017.00.
Lowland Prairie Hay No. 1, 912.800
14.00; No. 2, $9.00011.00; No, 9, $7,000
10.00. )
Choice Alfalfa $31.00032.00; No. 1,
$29.00 80.00.
Standard Alfalfa $28.00027.00; No. 2,
$15.00 0 18.00; No. 8, $12.00016.00.
Oat Straw $11.00 0 19,00.
Wheat Straw $10.00 019,00.
. Chicago General.
Chicago, March 4. Com No. 3 mixed,
$1.54; No. i yellow, $1.5501.67.
Oata No. 2 white, 91092c; No. 3
white, 89 91c.
Rye No 2. 91.7001.71. ' - .
Barley $1.4201.84.
Timothy Seed $18.00014.00.
Clover Seed $46.00069.00.
Pork Nominal.
Lard $20.92.
Ribs $18.00019.00.
Chicago Produce.
Chicago, I March . 4. Butter Higher;
creamery,, 44064c.
Eggs Unsettled: receipts, 14.900 eases;
firsts, 44044c; ordinary firsts, 41043c;
at mark, cases included, 49 0 44c.
Poultry Alive," lower; springs, 84c;
fowls, 36C. , . ,
1
Cotton Futures.
New York, March 4. Cotton futures
opened steady; March, 89.00c: May. 36.00c ;
July, 82.96c; October, 80.20c; December,
28.75c. "
Cotton futures closed steady; March,
28.90c; May. 86.62c; July, 82.90c; October,
30.39c; December, 29.53c.
New York Produce. L
New York, Maroh 4. Butter Firm, un
changed. Eggs Steady, unchanged.
Cheese Steadier; unchanged.
1 Poultry Alive, not quoted.
Poultry Dressed, unchanged.
Chicago Potatoes.
Maroh 4. Potatoes Strong;
cars; Northern white sacked,
ditto bulk. 65.1666.S6: Idaho
Chicago,
receipts 18
$5.0005.20;
sacked. $6.4005.60.
Kansas City Prod ace.
Kansas City, Me., March 4. Butter and
Eggs Unoha nged.
Poultry Hens lo higher, 33c; others,
unchanged.
i ' - Spot Cotton. , - '
New York. March 4. Cotton 8pot,
quiet; middling, 40.62c.
Sew York Coffee. . '
New York. March 4. Coffee Bio No, 7,
15c; futures, steady; Maay, 15.02c; July,
15.250.
Amirict TtltphMi ft Tilegriph Co.
A dividend of Two Dollars per share will
be paid on Thursday, April 15, 19a0, to
stockholders of record at the close of busi
ness on Friday, March 19, 1920.
On account of the annual meeting the
transfer books will b clOBed from Satur
day, March Z0, to Tuesday, March SO,
1920, both days included.
G. D. MILNE. Treasurer.
LIBERTY BONDS
We purchase Liberty Bonds
and Victory Notes at prevail
ing market price less a reason
able handling charge.
United States .
Trust Co.
Affiliated with
Thsj United States Nat. Bank
1612 Farnam St.. Omaha
Chicago Grain
By CHARLES D. MICHAELS
Chicago Trlhnne-Omaha Baa Leased Wire.
Chicago, March 4. A blizzard
over the greater part of the country
was the bullish factor in the grains,
creating nervousness among shorts
and confidence ou the oart ot hold
ers. ' Prices were again advanced
and while not holding, the extreme
Rains were 2ii to 4!4 on corn, c on
oats, to 4Je on rye and 2t
on barlev
Corn values continue upward,
with nothing to check the bulge to
any extent during trie day. ah ttt
tures with tha excentiou of May ad
vanced to new high figures for the
season, Marclr selling at $1.50, while
May was $1.434g or ljfc above the
inside figure of last 'week. At the
finish prices were J4y?e under the
top.
Cash wheat prices at Chicago un
changed with noft No. 1 Northern
sold at $2.50 and No. 3 red at $2.36.
Long oats came out freely
through commission houses on all
hard spots, and the market made a
poor response to the strength in
com, although closing at the high
point, with May 83c and July
7Hc The advance in cash oats to
92ca new high for the season,
was without effect. Domestic de
niand was light, No. 2 white, 30-day
shipment, was 6c over May, equal to
9c track Chicago.
Exporters advanced their bids on
rye yic to 14c over May, track Bal
timore, a new high on the crop, No.
- on track sold at SI.7UfojI.71, or
May price.
Barley firm, with a good demand
for malting grades. Sales at $1.42
By fpdike firaln Co., Potislan 9697.
Art. open. High. l.ow. Close. 4afy.
Corn v
Mar. 1.46 1.50 1.4 1.491 1464
May 1.40 1-48 1.40$ 1.4SJ4 1.40U
July 1.14 1.374 1.84 1.36fi 1.S4U
8ept. 1.81 1.88 1.80 1.83 1.30
Rye
May 1.69U I.71U 1.68U 1.70 1.67
July 1,84 U 1.67 l.4 1.67
Oats r " I
May .82 .98 .82Vi -83 .82
July .76 .77 .76 .77 .76
Pork
May 25.50 , 85.60 96.35 38.47 35.60
July 36.40 35.65 35.35 36.50 35.&V
Lard I
May 2t.S0 21.73 21.90 21.72 21.40
July (21.85 22.27 91.85 22.27 27.90
Ma" J18.60 18.75" 18.60 18.79 18-67
July (19.05 19.17 19.05 19.17 19.19
New York Sugar.
New York. March 4. Raw
Sugar
Firm; Centrifugal, $11.54; fine granulated
I4.UUrjH.0ll.
London Honey.
London. March 4. Money and Discount.
Unchanged.
Silver Bar, 84d per ounce. .
Bar Silver.
March 4. fisi;
New York,
Silver
$1,31 i.
Mexican Dollars $1.00
May Merge Catholic Women.
Washington, March 4. Nine
thousand organizations of Catholic
women, each with more than 100
members, would be merged into one
association to be known as the Na
tional Catholic Women's council,
under plans outlined by Bishoo Jo
seph Schrembs of Toledo, at the in
itial session here of a conference of
women members of the Catholic
church. The council, Bishop
Schrembs said, would have the sup
port of the Catholic hierarchy.
gonoBoaoaonononoa
D
6
o
D
8
i
Farm Mortgage
Bonds D
o
D
o
8
8
i
a
D
g
8
i
D
8
0
D
0
8
For fifty-nine years In
vestors in tha farm mortgages
of the United States Trust
Company, and its affiliated
institution, have not" suffered
tha loss of a single dollar in
principal or interest.
We have an extensive list
of high class farm mortgages
and farm mortgage bonds in
denominations of (100, $500,
$1,000 and over.
Detailed circular upon
request.
United States
Trust Co.
, Affiliate! with
Uaitael States National Bank
1612 Farnam, On aha, Nab. 0
oaoaoaocaoDocaoiao&
Where Will You Make
WE OFFER
6 First Mortgage Bonds
Denominations" .
$250 $500 $1,000
Tax-Free in Nebraska
They are secured by newly' im- .
" proved business property, .cen- -;1
' trally located in Omaha, which .will' V
, be occupied by its owners. 1 These; -bonds
bear 6 interest, payable -semi-annualy
and convertible on
option of purchaser, any time
after one year upon 30 days' no-y
tice filed on any interest date.
Maturity,
American security company
K , 18th and Dodge Sts. - ;
OMAHA - - NEBRASKA
G. A. ROHRBOUGH, pres.
G. O.P. MAJORITY
IN KENTUCKY NO
MISTAKE, HAYS
- ' .
"Voters Striving to Get Feet
Back Fundamental Ameri
canism," Is Explanation of
Republican Chairman.
4
Louisville, Ky., March, 4. (Chlw
cago Tribune-Omaha Bee Leasef
Wire.)That the 40,000 mas
jority Kentucky republicans rolleo
up for Governor Morrow last Nov
vember "was not an accident, but aC
unmistakable evidence pf how thC
voters of the country are striving tC
get back the fundamental American?
ism and place their feet on solid
ground," was one of the statement
made by National Chairman Will H
Hays, principal speaker at the rei
publican state convention btli a(
Phoenix hall yesterday.
, Hays pleaded with his hearers tC
preach the republicanism of Lin
coin and Roosevelt; for Kentucky!
women, as well as men, to vision the
country's needs and to be forward
stepping as well as forward-looking.
A dramatic moment of his speech
came when he referred feelingly
President Wilson for withholding
an overseas commission from tho
late Colonel Roosevelt. "I was with
Colonel Roosevelt the morning he.
received word of Quentin's death
in Franee. Latter at the Saratoga
convention. Colonel Roosevelt told
how grieved he was that he had
been left behind and allowed no
active part in the great adventure."
Here Mr. Hays declared vehem
ently: ' I hope that when the true
history of the world conflict is writ
ten the full blame for that tragedy
will be placed where it belongs."
The convention roared with its
approva.
Finns fleny Attempt Was
Made to Kill Lord Derby
Washington, March 4. The Fin
nish legation has received an official
dispatch from Helsingfors, the Fin
nish capital, stating that there is na
foundation for recent reports of an.
attempt to assassinate Lord Acton,
British minister to Finland. The re
ports, it appears, grew out of an in
cident in the regulation! of street
traffic at Helsingfors. When an
order to halt was given by a traffic
officer it was not heeded by a party
of diplomatic officials.
Not being aware of the presence
of the diplomatists, and in order to
enforce his ordefs, a warning shot
was fired in the ajr. Explanations led
to a speedy adjustment of the inci
dent. jirr-..' V' - :."
W Specialise In the Careful
HaMDiog ei Orders !
Grain and ProTnions
Future Delivery
All Important Markets
.' We Are Member of.
Chicago Beard of Trad
Milwaukee Chamber of Commerce
Minneapolis Chamber of Commerce
St. Louis Merchants Exchange
Kansas City Board of Tree
Sioux City Board of Trad
Omaha Grain Exchange
W Operate Offices 1 ett
Omaha, Neb. Sloua City, la.
Lincoln, Neb. Atlantic, la.
Hastings, Nsb. Hamburg, It,
Holdrege, Neb. Dee Moines, la.
Geneva. Neb. Milwaukee Wis.
Chicago, 111.
and all of these offices are con
nected with each other by private
.wires.. - .... - j
We Solicit Your Patronage.
THE UPDIKE GRAIN
COMPANY
Grain Exchange' BoJMiag.
Onalia. Nab.
P. 3. Cash Consignments Solicit.
Your March Investments
Owned and Recommemeled
By Home Builders, Inc., ef
Omaha, Nebraska
$5,000
f
.
1923 - 1927
C. C. SHIMER, Secy.
