'j THE BEE: OMAHA, TUESDAY, MARCH 9, 19zxj. 10 OUTLOOK GOOD, ' BANKERS TELL IM LEAGUE CLUB Head and Corey Strike Opti mistic Note in Discussing Finance and Reconstruc tion Problems. W. W. Head of the Omaha Na ! tional bank and M. L. Corey of the Federal Land bank addressed mem bers of the Advertising and Selling League last night in the Hotel Fon tenelle, where the league held its regular, weekly meeting. , Both speakers struck an optimistic iote in their references to the finan cial outlook and the reconstruction problems which are confronting the country, this optimism having par ticular interest to Omaha, Nebraska and the middle west. 4 Co-operation Is Essential. "Fundamentally America is sound," Mr. Corey said. "Business men need not look with fear into. the i future, because our fundamental soundness will make all line of legitimate busi ness profitable. "The solution of our reconstruc- tion problems depends upon the ex ercise of that unselfish spirit of co operation which marked our con duet during the period of the war." Mr. Corey expressed the belief that before this country returns to normal conditions the peace treaty must be ratified in some form. ' "The public must recognize that the railroads should have a fair re turn," he added. "The railroad pro gram will be successful only if prop erly financed and it can be financed only in two ways: One is by taxa tion, which is improbable, and the other is by guaranteeing a fair re turn on railroad stocks so as to at- tract private capital." Labor Problem Big. t On the labor question he asserted, that some of the states are giving serious consideration to plans similar 'to the industrial court in Kansas. He stated that when a dispute be tween labor and capital reaches the point of a strike or a lockout, it is the duty of the sovereign state the state representing the people to provide a solution of this problem through properly organized courts. . Mr. Head . reviewed the financial conditions of this country as re lated to the war, referring to ths vast loans this country has made and he. contrasted the economic condi tion of this and other countries. With the vast resources of food products which this western country possess es, he drew a roseate picture of the , future. Figures of Wheat and Tlour Movements Show Decline Complete figures covering wheat and wheat flour movement through out the United States for the week ending February 27 in comparison with, figures for the previous week , arid the same two. weeks a year ago have beent issued by the United States Grain corporation. . . . F.xports of wheat and flour July 1, 1919. to March 1, 1920, amount to 88,723,000 bushels of wheat and 10,- 1 962,000 barrels -of flour, making a total equal to 138,142.000 bushels of wheat compared to 120.624,000 bush els -of wheat and 17,374,000 barrels of flour last year to March 1, 1919, making a total of ,198,807,000 bush els of wheat. Last year's total flour exports include American Relief ad ministration and American Expedi tionary Forces shipments. in i . (, GOVERNMENT REPORT. , v Farm reserves as of March ' 1 (bushels): ' . . 1:0 ! 1919 - 1918 'rn 1.09:, 000, P01 895,900.000 1,253.000,000 Wh't l':5.000.000 129,000,000 102,000,000 - Oats 433,000.000 S90.000.000 S99.000.004 UkT'y 33,000.000 12.000.000 44,000,000 Of last year's corn crop, 2,569, 000.000 bushels was merchantable, compared with 2,062,000 the previous . year , and 1,838,000,000 two years ago. Charter No. 209. REPORT OF CONDITION OF THE FIRST NATIONAL BANK T ' .nana, at Omaha, In the State of Nebraska, at the close of business on February 28, 1830; ... , . -t . , " RESOURCES. Loan and discounts. Including rediscounts $ notes and Mills redlscouhted Overdrafts , T. S. Government securities 'owned: - ,' , Pledged to secure V. s. deposits (par value) Pledged as collateral for State or other depoelts or bills payable . ; , v Owned and. unpledged , War Savings Certificates and Thrift Stamps actually owned . , ,. Total U. S. Government securities ............... , Bonds (other than U. S. bonds) pledged to secure postal savings deposits , , Securities, other than U. S.' bonds' (not Including stocks), owned and unpledged ,. Total bonds, securities, etc., other than U. S ' Stocks,, other than Federal Rerserve Bank stock .... Stock of Federal Reserve Bank Wliulty In banking house - Real estate owned other than banking house lawful reserve with Federal Reserve Bank i Itoms with Federal Reserve Bank In .process of! -collection (not available as reserve) Cash in vault and net amounts due from national bank . .'. ; Net amounts due from banks, bankers and trust com ' panlea in the United States'-.. . Exchanges for clearing house .....J.. Chocks on other banks in tbs sams city or town as re porting bank . Checks on banks located outside of city or town of reporting; bank and other cash items Other assets, if any , Total '.. .;'..' LIABILITIES. J- Capital atock paid In T. Surplus fond . , .. Undivided profits . Interest and discount collected or credited in advance of maturity and not earned (approximate) t. Amount reserved for taxes accrued ' Amount reserved for all Interest accrued ....Net amounts due to National banks Net amounts due to banks, bankers, and trust com- . " panlea In tha United States and foreign countries.. Certified check outstanding , Cashier checks on own bank outstanding Demand deposit (other than bank deposits) subject to Rerv (Oapeelu payable within $0 days:) Individual deposits subject to check , " Certificate et deposit due In lea than W day (other than for money borrowed) Tim deposit subject to Reserve (payable after 80 day, or rabjoet to It day or more notlo. and postal . savings . i. Postal savings deposit " Other time deposit Bill pybl with Federal Reserve Bank v.' ' Latter of Credit and Traveler' Check sold far eats. , and outstanding; 'UaMUUoa otlwf than thos above ttd ' . I UMlltti tar rediscounts, including those eral WSJ IS MU i Itaosxvs Bank . M tho total toons sad discounts nown - ' Xlaaonc was charged at rate In excess ot its.) 4xotoslva ot notes upon which total Ira., -sol- Th number of such loan wa . ejumt. af TJousla. 2 , . I, B. L. Croat, Cashier of the above atmtemmit I true to in oei oi my Itahsbod and sworn to before m tbl Cortoot-'-iAttestt Market, live Stobk - Omaha Lin Stock. Omaha, Neb.. March I. ' Receipt wart: Cattle. Roil, aheap. Estimate Monday ... 1,400 .000 1,000 flam dr last week., t.let 1.144 M7I Rama day 1 wki ago. 1.145 t.0S 11.141 8am day I wka ago. S.10S 10,1s , t,44 Bam day rear ago. 9,447 14.H1 S.135 ReeatpU and disposition of live stock at the Union Stock Tarda, Omaha, Nab,, for 24 hours ending at O o'clock p.. m., March I, lttO: RECEIPTS CARS. " , V Hone and Cattl Hog s Sheep Utiles C! M. St P.; Wabash Mlasouri Pacific . . Union Paclfio . . , . C. N. W., eait... C. N. W, west.. C. Bt. P., M. O. C, B. & Q.. west. C, R. I. A P., east. C. R. I. ft P.. west. Illinois Central .... ChL Ot. West s u It 2 t 11 17 ( Total receipts . .iJIS 1 DISPOSITION HEAD, 7 Cattle Hog Sheep Morris & Co : Swift & Co i.OJG (.'udahy Packing- Co....l,0 604 1,105 76( 1,480 1,068 8,169 1,117 2,087 Armour A Co .1,071 SchwarU A Co .1. W. Murphy..., Lincoln Packing Co. . . So. Omaha Pack. Co.. Ilia-Cine Packing- Co... ,iohn Roth & Sono... . Mayerowlch Vail... (llaruberg 1. O'Dea Wilson Co W. B. Van Sant Co. F. P. Lewis Huntslnaer Oliver... ,T. B. Root Co .1 H. Bulla It. M. Burrusa & .Co.. V. (I. Kellogir WerthKlmer & Degen.. Kills aV Co ZI4 J.946 00 . U 40 1 i 17 n , - 30 , 86 , 7 , !, 14 -18 263 4 i7 , 1 , 103 07 1 66 61 S 428 95 80 48 13 10 1,999 It,..., Ptilllvan Bros. ::r. Mo.-Kan. & t. l-o. . . K. O. Christie Halter John Harvey Jensen I.undtrren . . . Dennis A Francis fheek A Krebs Omaha Packing Co.... Midwest Packing Co... Other Bujera ,613 Total .....7.86S 6,865 i 1,894 Cattle With on estimate calling for C.400 head of cattle, arrivals were slight ly' larger than for the same days last week, but over 3,000 less than for Mon day a year ago. Because of the rela tively light receipts all beef steers sold on a steady to strong active market, packers being out 'to . ordrf Top for the days was 814.10. Tha mar ket for she .stock was also at W and sales were made ranging from ste.'dy to as much as 26o higher. 'There were inore feeders In than toward the close of last week, but insplt of this, prices were strong to 25o higher '. Quotations on Cattle Good to; choice beeves. 112.00014.00; fair to good beeves. lO.6Oi18.0O: common to fair beevs. 19.6 410.60: good to choice yearlings, 112.00 13.25; fair to good yearlings. l!!;02-22: common to fair yearling. 39.0010.00: choice to prime heifers. 310.00 11.25; good to choice heifers. 39.00010.00; choice to prime cows. $10.0011.50; good to cholcj cows, 38.60010.00; fair to good cows. $..00 08.60; common to fair cows, $4.0007.00; choice to prime feeders. $10.50011.60; ood to choice feeders, $9.76010.60; me dium to good feeders, $8 6009.75; com mon in fair feeders. $7.5908.60: good to choice stockers, $9.50011.60: fair to rood Rtockers, T.76flys.so: common ro isir stockers. $9.60011.50; fair to good stock ers. $7.7509.6; common to fair stockers. $8.0007.76; stock heifer, 5 6008.00; stock cows. $5.0007.60 stock calves, $8,000 10.00! veil calves, $9.50016.60; bolls, stags, etc., $1.00010,00. BEEP STEERS. No. , , Av. Pr " No. , Av. pr.' St 789 $10 5 88..... .1012 $11 10 13. 841 11 T5 18. ....,llo2 l se 20 1034 12 00 56 1094 12 50 It 1208 18 50 23 1184 13 60 H...,..1195 14 00 52. 1253 14 25 45 1158 13 16 26 1082 12 65 9. .....1123 18 $5 16 1411 13 85 20.., ...1199 14 10 PTKERS AND HEIFERS. t..... 18 10 00 14 336 11 40 28... 21... 783 11 50 21 777 11 60 13 00 49 880 18 36 12 76 37 $U 12 $0 , COWS. : (5 50 13 750 7 (0 he T. . 1 PS I 7.. 5.. . 795 .1020 1024 T 25 ......1013 7 75 8 36 11 . 883 t 00 11 982 . 0 21 14. 026 75 15 38- 10 00 f 1021 14 40 11 130 10 60 81 1011 10 75 HEIFERS. .. 508 7 40 20 847 7 75 .. 0 10 00 10 699 10 35 ., 7f? 10 60 . 19 815. 10 70 .. 778 10 75 18 1089 11 00 .. 595 11 6 BULLS. . .. 950 . 7 00 1 1160 7 50 ..1660 8 00 1 1710 8 25 . ,1650 8 60 2...... 1480 9 00 ..1630 9 26 1 1280 ( 60 CALVES. .,240 10 80 1 160 18 50 .. 160 14 50 3 116 15 00 . . 1 (.0 15 26 1 280 15 60 8TOCKER8 AND FEEDERS. . . 2 9 55 -UM 88 ( 65 .. 534 10 26 30...... 883 10 60 .. S51 10 75 54 1084 11 75 ii.. 14.. 16.. 14.. 18 Hors Receipts of hois were light to day, estimates catling for only 6,000 head, compared with 5,200 last week and 16,900 last year. While quality was fairly good, hogs carried considerable weight There was a good demand and prices were gen v. RMerve District 10, 16.009,281.97 1,984,178.64- 14,025,103.33 3,493.20 275,000.00 427,000.00 64,260.00 3, 525.00 V . 74,776.00 117,009.00 40.506.07 177,006.07 71,497.26 45.000.00 1.002,032.60 135,738.86 2,214,691.02 1,721,168.88 1,915,046.82 1.745,708.86 ' 642,186.19 181.348.84 ' 1.031.60 9,319,670.10 409.64 26,655,176.46 ' i 1.250,000.09 260,000.00 230.084.5t 185,558.66 19,026.66 36,065.17 4.080,982.94 7,458.419.10 164.008.64 161.682.12 3.479,873.86 $78,767.12 t60.t8t.67 67.667.48 1.464,(41 19- 23.0tt,ttt.21 427,000.00 1,185.00 ltt.866.4t ' 2t,ttt,17i.4t with Fed ........ i.sss.iis.et aoova, in amount on wnicn imarsn ssa thos permitted by law (sec 6197. Rev. eharg not to exceed to cent was made) none. - m ' named bank, do solemnly swear that, tie uu.mii ua tmu.i. tth day ot March. 193tt X.Z DR08TE, ,' F. H. DAVIS, a T. KOVHTZ9, 5 W. THOlLtA Financial New York Financial News By NEW YORK TIMES. CMesco TribsBO-Osaaha Be Leased Wlr. New York. March 8 The stock market had thrills a plenty today, in eluding first a sharp fall of quota tion 9 and later a surging advance which exceeded 'anything seen in any preceding sOssion of the year, The basis of th day's spectacular developments wai the decison of the supreme court that stock dividends were not sitbject to the income tax, but supporting influences were not lacking in news affecting the rail roads and in the movements of for eign exchange. The great impor tance winch the stock trading com munity had imparted to the pending ruling on stock dividends for many months was impressed with emphai sis upon the market when ticker service through error announced early in 'the afternoon that the de cision had been unfavorable to re cipients of such disbursements. Still greater emphasis was disclosed when, the error teing corrected, in dustrial shares advanced from four to more than 40 points. Business broadened out rapidly in the last two hours of. trading. Ihere was evidence in heavy buying of several closely held stocks that a short in terest was in difficulties. At the same time, purchases were insistent in parts of the list that had been neglected for the last fortnight and altogether speculative sentiment was made more cheerful by the supreme court's action. . i Ruling: Brings Comfort. Considering railroad stocks, be sides the fill-up to speculative pur chases which came from the stock dividend decision followers of this department found discomfort in an other ruling of the court. The full value of the court's direction to the Interstate Commerce commission to accept current values of rights of way and terminals instead of origi nal costs in arriving at true valuation of railroad property cannot be vis ualized until definite figures are ar rived at. Nevertheless the ruling indicates tfeat appreciation of rail road realtor and the increased replacement- costs of terminal facili ties must be ' taken into account in arriving at a basis for fixing rail road revenue and this is decidedly worth while to holders of railroad stocks. The earners are hardly in terested directly in the stock divi dend matter. This concerns those corporations which have scored large profits from tTie production arid sale of goods, whose directors for years past have directed extra incorhe into new property or toward the development of. new markets. As the result of extraordinary earn ings since the war began, or even before 1914 these companies have accumulated large surpluses and the opportunity !now seems to be pre sented of giving stockholders some thing to represent part of these ac cumulations without adding to the burden of the latter through heavy income taxes. $1,250,000 Gold Coming. A local banking- house was the successful bidder for $1,250,000 South African gold sold at auction in London today and this metal will come to this country. . India, which erally 10 026c higher, than Saturday, tops going to $15.10, with a bulk of $14.60 15.00, while heavy and common hoars sell ing unevenly below the bulk and a low as $14.00. ' . HOOB. No. Av. Sh. Pr. No. Av. Sh. Pr. 56. .382 $14 25 46. .382 43. .815 67. .357 69. .280 76. .231 71. .214 45. .231 70 $14 36 ... 14 65 ... 14 65 ... 14 76 40 14 85 37.. 306 36.. 282 72. .289 41.. 283 ... 14 50 M 14 60 . . . 14 70 . .. 3 4 80 ... 14 90 4. .232 15 00 15 10 31.. 142 IS 05 Sheen The week osens out with a fair run of sheep and lambs, something like 8,000 head showing up. Inquiry from packers was rather backward as far as lambs were concerned and this branch of the trade ruled slow, generally 15 25c lower. Well finished medium weight lambs were wanted around $18.50018.75. Indicating an outside price of about $19.00 (or .something- choice and light. Plain. heayy close wooled lambs are slow sale, around $18.00 and less. Fat sheep ruled steady, choice ewes claiming a spread of about $13.0013.50. An easier feeling was apparent in the feeder market, but the amount of business transacted was very small. Oood shearing lambs were quotable up to $17.25 and desirable fleshy feeders are not wanted above $16.60017.00. Quotations on Sheep Lajnbs, good to choice, $1S.5019.00: lambs, fair to good, $17.86018.26: shearing lambs, $16.60 17.26; wethers, $13.26014.35; ewes, good to choice, $12.75013.60; ewes, fair to good, $18.25 012.75; good feeder ewes, $8,250 9.50; ewe, calls and canners, $7.0008.00. , FAT LAMBS. No. Av. Pr. No. Av. Pr. 288 fed... 80 $18 40 - " Chicago Lire Stock. Chicago. March 8. Cattle Receipts. 14,- 000: estimated tomorrow. 11.000: market strong; beet steers, medium and heavy, choice and prime, $14.50016.00; medium and good, $11.86014.50; common, $9.75 pil.85; light weight, good and choice, $12.76016.40; common and medium, $9.60 016.76; butcher cattle, heifers, $7.35 18.75; cows, $7.10012.76; canners and cut ters, $4.90 0 7.00; veal calve, $16.25016.75; feeder steers. $8.76012.00: stocker steers, $7.25010.75. Hogs Receipts, 39,000 head: estimated tomrrow. 30,000; market steady to 10c higher; closed weak: bulk, $14.65016.60; top, $15.65; heavy, $14.25015.16; medium. $i4.9O0iG.e; ugnt, 15.1O016.6; light, light.- $14.50015.40: heavy packing sows. smooth. $13.26013.75; packing sows, rough, I13.60W13.00; pigs. $13.50014.76. ' Sheep and Lambs Receipts. 17,000 head: estimated tomorrow. 12.000 head; market strong; lambs, $17.25020.00; culls and common, $14.00 0 17.00; ewes, medium and good and choice. $11.00014.25; culls and common, $6. 00010. 75. i - Ksnsa CHr Uvo Stock. Kansas City. Mo.. March! 8. Cattle-- Reoelpts, 10,600 head; market steady to 26 cent higher; calve 60 cent higher: heavy beef steers, choice ad crime, $18.90 Oit.oo; mearem ana good. tiz.25Qi3.85; common, $10.26012.00; lightweight, good and choice. $12.25014.00; common and medium. $t.OO013.26; butcher cattle, heif ers, $7.26 01$.25; cows, $7.00011.76; can ners and cutters, $4.2507.00; veal calves. (13.75S15.60. feeder steers. t8.50O12.50: stocker steers. $6.85011.50. Hogs Receipts, 12,000 head: market 15 to 86 cents higher; closing weak; bulk of sales. $11.00315.25- h-eavlee, $14,500 14.90: - mediums, $i4TO0i4.eo: ugnts, $16.00015.60; packing sows, $12.60013.25; pigs. $12.50 16.35. bneep anu xmos neceipis, ., head: lamb aleadv to 25 cent higher: sheep steady; lambs, $16,40019.10; cull and common. $12.00016.25; yearling weth ers, 815.00 WIT. 60; ewes, ni.uospn.ou; culls and common. $5. 26010.75: breeding ewes, $9.30010.50; feeder lambs. $14,750 16.75. v ' . Sloua City Live Stock. Sioux City, la., March 8. Cattle Re ceipts, 3,000 head; market, steady to higher beef steers, choice fed, $12,500 15.00; short-fed, $10.00012.60: beef cows, $7.0008.26; fat eows and heifers, $8,500 12.0; stockers. $8.00012.00; feeder. $9.00 011.60; feeding cows and heifers. $6,000 $.00; -veal calve, best, $8.00016.00; com mon calves, $6.00 01.60. Hogs Receipts, 6,000 bead; market. It 1(0 higher.. Light. $14.76016.00: mixed, $14.15014.76; heavy, $1$.(O014.6O; bulk. tl4.lt014.tS. Sheep and Lambs Receipt, 600 head; market, strong. - -. 8t. Joseph Live Stock. fit. 'Joseph. Mo., March I. Cattle Re ceipts, 8,600 head; market, strong to 86c higher. , Steers, $9.60014.00; cow and heifers, I4.tt01t.t0; calvea, $8.(001$. 60, Hon Rocslnt. 17.000 head! market. 10160 hlhn too, $16.35; bulk, $14.6004 i.i tit. Shoe a4 Lamb Receipts. 1.940 head; and Industrial News of has btfen absorbing most of the metal at the weekly sales, did not bid, according to advices, received here, and it may be that arrange ments have been made whereby considerable quantities of 'the offer ings at future auctions may be ac quired for import into the United States. Sterling exchange declined sharp ly at the opening of business, initial dealings being about 5 cents to the pound under Saturday's last quota tion. Thereafter the rate swung for ward with strength and at 3.60 displayed a net gain of 3c for the day. The other exchanges were firm. , Call money lent at 8 and 7 per cent. Chicago Grain By CHARLES D. MICHAELS. Chicago Trlbane-Omaha Be Lasted Win. . Chicago, March 8. Government report on farm reserves showed the most remarkable disappearance of grains during the past winter in th history of the trade. From July 1, to March 1, there was 646,000,000 bushels of wheat consumed or ex ported, compared with 590,000,000 bushels the previous season, al though exports have been 60,000,000 bushels less than last year, and sup plies at the beginning of the season were 57,000,000 bushels more. ., Consumption of corn aggregated 1,893,000,000 bushels in the past four months, or 131,000,000 bushels more than last year and 66,000,000 bushels in excess of two years ago, when supplies were 11,000,000 bushels in excess of two years ago, and com pared with 1,001,000,000 bushels last year. The two leading feed grains with supplies 497,000,000 bushels less than two years ago, showed a con sumption of 75,000,000 bushels more. Reserves of barley Avere also small. Farm Reserves Report The government report on farm reserves was about as expected, taken on the whole. Considered from the standpoint of the big ad vance in prices, it looks as though everythirig bullish has been dis counted. A few of the most success ful operators said after the close that the showing in corn had nothing to do with May corn. The showing on oats and barley was bullish. Wheat reserves while larger than recent years show heavy consumption. They are 165,539,000 bushels or 36, 833,000 bushels over last year. Corn l.lW.UW.UU bushels, or 248,000,000 bushels over last year. Merchantable corn 2,535,000,000 bushels against 2.- 062,000,000 bushels last year. Quan tity shipped out of the country where grown was 16.3 per cent against 14.5 per cent last year and a 1-year average up to last yea: of over 21) per cent. Oats reserves 422,835,000 bushels or 50,000,000 bushels over the highest private es timates and 168,436.000 bushels more than last year. Barley 38,010,000 bushels or -43,736,000 bushels less than last year, making the combined shortage of oats and barley 242,- busfieis. ! Bullish Influences Prevail. - Bullish influences ' prevailed and with persistent buyine bv strong interests -especially, covering shorts m corn attributed to New -York prices advanced to the highest level on the present upturn and all corn futures except May showed the highest of the season. Net gains were 2 to 3 cents higher on corn 5-8 to 1 1-8 on oats, and 1-4 on May rye. ' , Efforts of the bears to check the bulge in corn were without avail, the lowest prices being made early and the highest toward the last. All deliveries with the exception of May sold at a new high on the croo. Numerous stoo loss orders were uncovered on the way up. It was easier to trace the selling than the buying. Many of the local traders sold heavily around $1.46 for May and profit-taking was strongly in evidence, but after the decision of the supreme court an nouncing that stock dividends were not taxable there was a stampede of the bears. Sample Values Unchanged. Sample values unchanged to 2 cents higher. Cash wheat dull, due to scarcity of offerings, but prices unchanged to 5 cents higher. No. 4 northern sold at $2.40. . Seaboard bids ad vanced 1 cent to $2.59 for No. 2 hard, track New York, prompt ship ment, but no sales were reported. Very little grain here unsold. While oat futures advanced with corn, to within a fraction of the highest price of the season the un dertone was distinctly heavy, due to persistent selling by longs. Clos ing trades were on a reaction of 5-83-4c from the top with May 84 l-4c and July 76 3-4c. Premiums on cash oats in the sample market were easier toward the last.1 Seaboard exoorters advanced' rve bid l-2c. No. 2 on track l-2c over May with sales at $1.70 1-21.71 3-4. Barley unchanged to 1 cent higher. Demand fair and offerings light. Spot sales -were at $1.481.55. By TJpdlk Grain Co., Dong, tttl. March , Art. Open. High. Corn Mch. 1.51 1.54 May 1.45 1.48H July 1.38 1.41 Sept 1.35 Mi 1.38 i, Rye May 1.71 1.72 July 1.66 1.07 V, Oats May .83 H .84 July .76 V, .77 Pork May 35.00 35.58 July 35.26 85.45 Lard May 21.52 21.85 July 22.10 22.45 Ribs May. 18.40 18.65 July7 18.80 18.18 Low. Close. Sat. 1.51 1.44 1.38 1.34 1.69 U 1.65 1.54 1.47 1.40 1.86 1.70 1-66 1.51 1.44 1.38 1.36 1.70 1.68 .83 76 .83 .841,1 76h .7614 35.00 35,55 35.46 34.95 36.26 84.76 21.50 21.82 22.42 21.60 22.07 18.32 18.82 22.07 18.40 18.t0' 18.66 It. 12 Minneapolis Grain. Minneapolis. March t. Flour Un changed. - Barley $1.27 01.48. I Rye No. 2, $1.65 01.87. Bran $44.00. i Corn $1.(101.68. Oats 83 86 e. Flax $5 0t 05.11. City Grain. , Kansas City, Mo., March t. Corn May, $1.85; July, $1.3501.$6; September, $1.86. 1 ' St. Laul Grain. ' , 8t. Louis, Mo., March 8. Coin May, $1.48; July. $1.414. Oat May, 87c. Cot to Futures. New Tork. March 8. Cotton futures opened iteady; March, $.18c; May, 8t.t0c; July, $8.0 to; October, $0.26c; December, ss.ee. CottMfstar closed Msroh Jotsher, tt.lit sa.80: jvis, Omaha Grain Omaha Grain. . Omaha, Neb., March t. ' Grain arrivals today were light and only about half those of last Monday. Wheat had a ready sale at price ranging un changed to lo up, the market generally strong. Corn waa lo to 2o higher. Oats were unchanged for the bulk. Rya was unchanged and barley nominally strong. Cash sales today were: Wheat No. 1 hard: 1 car, $2.62; 1 cars, $2.60. No. 3 hard: t car, $3.60; 1 car. $2.47; 1 car. $2.42 (smutty). No. 3 hard: 2 cars, $2.42; $ cars. $2.40; 1 car, $2.3t; 1 car, $2.88; 1 car, $2.38 (yellow); 1 car, $2.37 (Kmutty); 1 car, $2.36 (smutty); 1 car, $2.86 (smutty). No. 4 hard: 8-5 car, 32.35. No. & hard: 8 cars, $2.26; 1 ear, $2.24; 1 car, $3.23. Sample hard: 1 car, $3.20; 1 car, $2.18; 1 car, $2.16. Corn No, 4 white: 4 cars, $1.48; 6 ears, $1.47. No. white: 1 car. $1.45; 1 car, $1.44. No. 4 yellow: $ oars, $1.46; 2 cars, $1.45. No. 5 yellow: 4 cars, $1.44; l'car. $1.43. No. 3 mixed: 1 car, $1.47. No. 4 mixed: 1 car, $1.47 (near white); 1 car, $1.46; 2 cars, $1.44. No. 5 mixed: 1 car, $1.43 (near white); 4- cars, $1.41. tfo. 6 mixed: 1 car, $1.41 (near white); 2 cars, $1.88. Oats No. 8 white: 1 car, 87c; 7 cars, 87c; 1 ear, 86o. No. 4 white: 1 car, 86o. Rye No. 2: 1 car, $1.63. No. t: 1 car, $1.63. . OMAHA GRAIN MOVEMENT. Receipts: . , Today. Wk. Ago. Tr. Ago. Wheat Corn Oats Bye Barley Shipments Wheat Corn Oats Rye 32 46 38 60 , $1 78 19 -49 1 4 1, I 8 48 26 14 72 147 ti8 33 42 . 27 7 7 .. Barley . RECEIPTS IN OTHER MARKETS. Wheat. Corn. 110 66 168 Oats. Chicago Kansas City St. Louis . . . Minneapolis Uuluth Winnipeg . . 48 31 , s7 .204 . 48 .216 . 1 ... .204 OMAHA GRAIN INSPECilON. The number of cars ot grain ot the sev eral grades inspected "In" here during the last 24 hours follows: Wheat No. 2 hard, 3 cars; No. 3 hard, S cars; No. 4 hard, i cars; No. 4 mixed, 1 car; No. 5 mixed, 1 car; sample spring, 1 car. Total, 13 cars. Corn No. 4 yellow. 4 cars: No. 6 yel low, cars; No. 6 yellow, 3 cars,. No. 3 mixed, 2 cara: No, 4 mixed, 6 cars; No. 6 mixed. 3 cars. Total. 24 cars. Oats No. 3 white, 16 cars; No. 4 white. 3 cars. rotai, iv cars. Rye No. 2, 3 cars; 1 No. 3, 4 cars. Total, 6 cars. PRIMARY RECEIPTS AND SHIPMENTS. Receipts. K Today. Tr. Ago. Wheat Corn Oats Shipments Wheat Corn Oat , ....740,000 715,000 852.000 570. 688,000 724.000 283,000 441,000 ........607,000 228,000 632,000 481,000 EXPORT CLEARANCES. Today. Tr. Ago. Wheat 197,000, 666,000 Oats 426,000 Omaha Visible Supply of Grain. Today Tear ago Changes Wheat .' 2,181,000 4,641,000 ' 213,000 Corn 977,000 626,000 t62,000 Oats 418,006' 967,000 1131,000 Decrease. Increase, New York Quotations Number of shares and range of price of the leading stocks: Hales Hleh Low Close Amer. Beet guitar. 600 83 80 83 Amer. Car, 6,200 44 42 44 Amer. C. & Fdy.. .11,000 137 131 137 Amer. H. & L., pfd 1,100 21 'A 20, 21 Amer. Loco 37,400 88 '84 98 Amer. S. & Re... 1.600 64 62 64 Amer. Bugar Ref.. 1,600 130 127 130 Amer. Suma. Tab. 1,500 88 - 85 87 Amer. Tel. & Tel. 1.400 99 98 99 Amer. Z., L. S.. l.OOfl 2nu 19 19 Anaconda Cop..., 4,900 68 57 58 Atchison 4,000 84 82 84 A., U. &W. I. S.S. 6,100 157 145 157 Baldwin Loco. .146,700 120 118 119 B. & 0 4,100 37 34 37 Beth. Steel "B". .17,900 92 86 91 Butte & Sup. Cop. 600 26 26 26 Cal. Petroleum -.. 8,800 36 33 86 Canadian Pac. .. 2,500 122 120 122 Central Leather .. 4,400 84 79 84 Chesa. & Ohio.... 1.800 58 55 68 C. M. St P... 7,700 40 37 37 Chi. A Nor 600 87 86 i 87 C, R. I. A P. ...87,100 41 35' 89 Ch-lno Copper .... 400 34 33 38 Colo. Fuel & Iron. ' 200 40 39 40 Corn Products ... 1,600 87 83 87 Crucible Steel ...41.800 228 191 227 Cuba Can Sugar. 2,200 44 43 44 DIs. secur. corp.. 4,400 64 ez et Erie J. 3.000 14 14 14 General Electric . t0 168 160 168 Oeneral Motors ..79.400 302 260 3U1 Gt. Nor.. Pd 8.900 74 77 77 Ot. Nor. O. Ctfs. 1,200 si a'1 Illinois Central .. 400 87 87 88 87 64 34 21 79 18 Insplra. Copper .. 1,700 64 H. 53 Int ilor. Ma., pfd 6,400 35 34 Inter. Nickel .... 2,300 21 21 Inter. Paper' .... 7,800 79 76 K. C. Southern... l.ioo m Kon? Cop, 1,700 29 28 U 29 L. N 300 103 103 103 Mex. Pet. 600 181 U 173 180 Miami Cod. 1,000 23 ZZ a Mldvale Steel .... 7,200 48 Mo. Par 4,800 30 45 27 65 10 31 95 77 85 42 28 18 74 47 29 65 73 35 95 80 90 42 28 18 77 95 41 99 25 80 185 Mont. Pow loo t N. T. Cen 10,800 74 N T N H & H... 32,300 36 Norfolk & West. . 100 95 No. Pac 4,800 80 P.-A. Pet. 35.700 92 Penn ..3,700 42 ... 800 28 . 1,600 19 .18,300 77 .40,600 95 .34.700 42 Pitts. & W. Va, R. Con. Cop. Reading Rep. Iron & S. Slrf. O. & R. South. Pac ... South. Ry. Stude. Corpor. , Tex. Co , 87 40 .42.300 99 95 .16,200 26 23 .50,900 91 84 .10,200 185 177 . 3.800 65U 64 Tob. Trod. 65 TTr, Pa 6.700 122 1191A 121 II. C. Store 72 69 72 U. S. lnf A. U. S. Steel.. V. 8. S.. Pfd. Utah Cop. . . , Weet. Union West. Elct. Willys-Over. . Natl. Lead .. Ohio CHles .. Royal Vt N. 9.000 87 80U. 84 ,.9s30O 100 95 100 8.00 112 111 113 800 73 73 .. 100 85 .. 2,500 62' ,.. 7,700 25 ,.. 200 78 , ,. 8,600 45 ...12.000 101 85 61 24 77 44 99 86 62 25 78 45 101 Bond List, U. S. 2s. reg.,100 do coupon ',100 U. S. 4s, reg.,106 U. S. cv. 4s. c.106 Pana. 8s, reg. 88 A. T. T.cv.6s 96 A.-French 5 .. 98 A. & Co. 4s.. 83 Atch. gen. 4s.. 76 B. & O. cv.4s 64 B. Steel ref. 6s 84 C. Leath. 5s.. 94 C. & O. cv. 6s 79 C.,B.&Q.jolnt4s. 93 C.M.&S.P.v.4s 71 C.R.I.&P,ref.4s. 66 C. C. col. t. 6s. 79 C. of Paris 6s.. 90 C. ft S. ref. 4s 72 D. & R. G. ft 4s 63 D. of C. 6s. '31 91 Erie gen. 4s .. 46 G. Elec. 6 ... 86 G. N. 1st 4 81 Bid. I. C. ref. 4s.... 72 I. H. M. 6s ... 89 K. C. S. ref. 5 69 h. ft N. un. 4s. 81 M..K.&T. 1st 4 67 M. P.i gen. 4s.. 68 M. PoW. 6s .... 85 N. T..C. deb. 6s 92 N. Pac. 4 74 N. Pao. 3s .... 63 O. .S L. ret. 4f. suft P. T. & T. 5s. 85 Pa. con. 4s. 91 Pa. gen us .... 88 Read. gen. 4s . . 79 S.L.&S.F. a. 6s. 64 S. Pac. cv. 6s.. 102 S. Ry. 5s .... 84 T. Co. cv. 6s.. 100 T. & P. 1st ..80 V. W . . . OATS U.K.G.B.I.6737 86 VT T , 1.11 U. S. Rub. 6S .. 84 U. S. Steel 6s.. 99 Wabash 1st . ... 91 Terpentine snd Boaia. , Savannah, Ga., March 8. Turpentine Firm, $1.96; shipments, 250 barrels; stock, 5,263 barrels. . Rosln-r-Flrm: sales. 695 barrels; re ceipts, 66 barrels: shipments, 300 barrels; stock, 2,766 barrels. Quote: B. $17.00; D, E, F, G, $17.50; H, $17.60; I, $17.75; K, $18.00; M, $18.26; N, $18.50; WG. WW, 818.75. Kansas City Produce. Kansas City, Mo.. March 8. Butter Creamery lc higher; firsts, 60c; second, 57c; packlmr unchanged. Eggs Current receipts, 40o lower; Jer case, $12.40; firsts, lc lower at 43c. Poultry Unchanged. 1 v New i ark Coffee. , New York, March 8. Coffee Rio No. 7, 16; futures steady. May, 14.82; July, 15.07. N . LIBERTY BONDS We purchase Liberty Bonds and- Victory Notes at prevail ing market price less a reason able handling charge. United States Trust Co. Affiliatod with tTho UniUd States Nat Bank 1612 FaMm St, Omaha the Day Short Term Notes Quotations furnished by Peters Trust Co.; , Bid Asked Amer. Tel. ft Tel. Is, 1124... 84 94 Amer. Tol.-A Tel. 6. 1921... 96 t7 Amer. Tob. 7s, 1920 100 100 Amer. Tob. 7s, 1921 100 101 Amer. Tob. 7s. 1922 101 102 Amsr. Tob. 7s, 1923 101 103 Anaconda Copper 6s, 1929... 94 96 Anglo-French Ext. 5s, 1920.. 17 98 Armour e Co. Con. Deb. ts. It20 tt 101 Armour & Co. Con, Deb. 6s, lt21 tt 101 Armour & Co. Con. Deb. 6s. 1822 tl 101 Armour & Co. Con, Deb. ts, 1921 99 101 - Armour & Co. Con. Deb. ts, 1924 tt 101 Beth. Steel Co. 7s, 1922 99 100 Beth. St'el Co. 7s, 1923 tl 100 British 6s, 1921 t5 96 Canada 5s, 1921 t6 97 C, B. ft Q. 4s, 1921 94 94 Cudahy Packing Co. 7a. 1928 V 100 General Electrlu Deb. ts. 1920 98 99 Ot Northern Ry. 6s. 1920... 98 99 Kansas- City Term. 6s, 1923.. 97 98 Liggett & Myers 6s, 1921.... 8 98 Proctor & Gamble 7s, 1922. .101 101 Proctor ft Gamble 7s, 1928.. 101 103 Swift ft Co. 6s. 1921.... 98 99 U. 8. Rnbber 7s. 1923. ..... ..101 108 Union' Pacific 6s. 1828 100 101 Wilson Conv. 6s. 1928 tl 92 LIBERTY BONDS. First 3S $5.78 First is 80.50 Scond 4a , 89.60 First 4 l-60 Second 4s 89.90 Third 4 2.58 Fourth 4 Fifth 4s , " FIftK 8s 7J54 V Omaha Hay Market.' Receipts light on both prairie hay and alfalfa, and th demand la eomewhatUm proved on the better grade. Market steady with no Chang In price. Oat and wheat straw steady. ' No. 1 upland prairie hay, $20.00021.00; No. 3 upland prairie hay. $16.00018.00; No. S upland prairie hay, $9.00013.00. No. 1 midland prairie hay, $18.00020.00; No. 2 midland prairie hay. $16.00017.00. No. 1 lowland prairie hay, $12.50014.00; No. 1 lowland prairie hay, $8.00011.00; No. 3 lowland prairie hay, $7.00010.00. Choice alfalfa, $31.00082.00; No. 1 alfalfa, $29.00 030.00; standard alfalfa, $23.00027.00; No. 2 alfalfa, $15.00018.00; No. 3 alfalfa, $12.00015.00. ' Oat straw, $11. 00913. 00; wheat itraw. $10.00012.00. New Tork Frodnce. New York, Mareh 8. Butter Firm ; creamery, higher than extras, 66086c; creamery extras, 65066c; firsts, 690 C2c;. packing stock, current make. No, 2, 38 c. 1 Eggs Unsettled: fresh-gathered, extra firsts. 48 0 48c; firsts. 4647c. Cheese Steady; state, whole milk flat, r-eld special. 29 31c; state, average run, 28029c; state, whole milk, twins, held specials, 29029c. Llv Poultry Steady; chickens, J6c; fowls, 30041c; old roosters, 18019c; tur keys. 40 0 45c; dressed, steady; chickens, hmiian. frozen. 40061c: chickens. fresh 31039c; frozen. 30040c; fowls fresh! 30040c; froen, 29040c; old roosters, fresh, 2728c; frozen, 28c; spring tur keys, fresh, 46052c; froen, tl055c. Liberty Bond Prices. New York, March 8. Prices of Liberty bonds at 11:80 a. m. today were: 8". 95.64; first 4s. 90.28; second 4s, 89.60; first 4s, tl.20; second 4s, S9.90r third 4. 92.60: fourth 4s. 90.12; Victory 3s. 97.64; Victory 4s, 97.66. ITlces oc Lioeny oonus i v .... today were: 3s. 95.60: first 4s, 90.32: second 4s, 89.58; first 4s. 11.20; second 4s. 89.78; third 4s, 92.66; fourth 4s, 90.08; Victory 3s, 97.60; Victory, 4s, 97.50. My HEART and My HUSBAND Adele Garrison's New Phase of Revelations . of a Wife What Happened When They "All Reached Home. My savage mood did not serve me Ions'. It changed to sheer panic as we turned into the driveway and I glimpsed the group on the veran da. With Jack Bickett in the mood he had shown on the way home, this little scene of Harriet Braithwaite's" setting had most unpleasant pos sibilities. Marion, in the seat beside me. looked up at me eagerly, but didn't speak, the desire in her eyes to be the stage manager of the surprise of which she knew only the surface. I snatched at the chance her child ish enthusiasm might have of giving the thing an air of just happening. "Go ahead, Marion, l said smil ing at ten She jumped up in the seat just as I drew the car to the steps of the veranda, and had thrown open the door of the tonneau before 1 had fairly stopped. . Surprise I Surprise! she called. "Grandma, Uncle Dicky 1 Every body! See what 1 ve brought you' Dicky, with' his usual delightful air of welcoming guests, had dashed down the steps as he caught sight of Jack and Katherine, and was help ing Katherine outof the car as he talked volubly. Dr. Braithwaite's Welcome? "Well! Well do you know about this?" he demanded. "Madge, you certainly put one over on us this time. Jack, old man, welcome to the ancestral seat of Richard Gra ham,-jr. Katherine, I'm mighty glad to see you. Come up to the mater. How glad she'll be to see you again!'1 . 1 hanks to Marion and Dicky the guests had been swept to the center of the veranda before they had a chance to see the Braithwaitcs. I shot a swift, frightened, guilt-shar ing glance at Harriet Braithwaitc, and was relieved to see that she was 1st Mortgage Farm Loans Obtainable in Denomina tion $500-$1,000 6 1st Mortgage City Real Estate Bonds Danomittations $100, $800 and $1,000 W belter - these securities meet with th rqniremnts of th most con errs tir in Testers. f Tut Fre In Nskraaka OMAHA TRUST CO. Phone Tyler 100 Af fluted with th Omaha' NarJeaal Bank. Ail magnificent ik her control of any showing of emotion. Her manner was perfect as she rose with the others when we reached the veranda. There was no need to look to see the effect the unexpected guests had upon Dr. Braithwaitc. As he caught sight of Katherine his face lit up, his eyes fairly danced with pleasure, and lie strode toward her, both hands outstretched, shoving Dicky to one side with, one movement of his mighty shoulders. , "Katherine Sonnot!" he exclaimed. 'Welll Well! Well!" The expletives boomed out like the explosions of small artillery. He had seized Katherine's small hands in his own big ones, and was shak ing them up and down vigorously, gazing down at her the while as if, Dicky declared afterward, "she were something off, the Christmas tree that Ed had wanted a long time." A Dark Frown. : "Harriet!" He turned toward his wife, who, indeed, was at his elbow, smiling with just the right air of welcome "Dqf you see who's here? Our own little girl, who helped us out so royally! I suppose I don't dare kiss her now she's a staid old Benedictess, or what they call the feminine of Benedict, but you can make up for nic." "I'll do my best. Edwin," she laughed back, and then her arms went round Katherine in a close em brace, and I knew that the kiss she gave her was one of genuine affec tion. For Harriet Braithwaite nor any other woman of average mentality and common sense could have mis taken the greeting which big Dr. Braithwaite had given Katherine, Bickett for anything else t,han what it was genuine fatherly pleasure in once more seeing a girl who had worked shoulder to shoulder with him through the greatest cataclysm the world had ever known, and who had nursed both himself and his wife through dangerous illnesses. There had not been a single trace of self consciousness in the greeting. It had been a genuine outburst of the big physician's real feelings. I knew that for Harriet Braith waite the questionof the nature of her husband s affection for Kather ine which had made a hell of her life for so many months was forever settled. But what did Jack Bickett think of it? I looked at him furtively, fearfully, I had caught one glimpse of his ugly mood, and I knew orriy too well his old jealously of Dr. Braith waite, the misery he had caused Katherine on account of it, both be fore her marriage' and after it. ' I had not dared to look at him when Dr. Braithwaite had made that jo cose reference to a kiss, and hoped that he had not heard it, but when I saw his icy eyes and dark frown I knew that we were in for an ex plosion. (Continued Tomorrow.) THE TEN PAYMENT Brimful of Worth-WhileReading about wm up tha numsrou complimentary letter re ceived asr'tb the Current Markmt Revitm m 1 2-page business-getting summary of stock market conditions generally, which ' in addition goes into detail on numerous stock consid ered of particular attractive ness. Let us send you a copy gratia together with The Ten ftyimnt Plan Btkkl explaining in terms easy to understand HOW TO BUY - No obligation tn writing. Jddrtn Dtp't OB-26 E. M. Fuller & Co. Members of CoQMlidatod Stock Sxch. ot N. T. 5 Broad Street, New York. Owned and Recommended By Home Builders, Inc., of Omaha, Nebraska WE OFFER 6 First vMortgage Bonds Denominations $250 $500 $1,000 Tax-Free in Nebraska They are secured by newly im proved business property, cen trally located in Omaha, which will -be occupied by its owners. These bonds bear 6 interest, payable semi-annualy and convertible on option of. purchaser, any time after one year upbn 30 days' no tice filed on any interest date. , Maturity, 1923-1927 American Security Company 18th and . OMAHA - - C. C. SHIMER, S.ey, OMAHA SCHOOL HEAD IS NAMED ON COMMITTEE Bcveridgc Only Western Man 0 on Body to Investigate School Needs. Superintendent J. H. Beveridge or the Omaha public schools hat been honored by appointment as one of a committee of 10 school executives and business men who will make a comprehensive study of problems confronting the public schools throughout the land. He is one ot four public school superintendents on the committee and the only one west of Cleveland. . The committee was appointed by the American City bureau. "The schools face a most unusual situation," said Mr. Beveridge, "more serious in some respects In other cities than in Omaha, although we all feel it. We consider it de sirable to make a careful analysis of the whole school system, not only from the viewpoint of school men but from that of business men and citizens in general. We will seek not only to find out exact present conditions but to devise remedies." Stolen Money on Ranch. Helena, Mont., March 8. Detec tives reported havingi found $15,000 of $40,000 stolen frdm the Union Bank & Trust company here in No vember. The money they said was found on a ranch near Toston, east of Helena, and the owner of the ranch was arrested. 57 Hydro-Electric 57 "ft of the electric output of Consumers Power Com pany comes from , its Hydro-Electric plants. y 74 Communities Served The bonds or debentures of this Company offer an attractive investment General Ref. 7 7M basis Debenture Serial 7 7.76 basis Complete illustrated circnlsr lent -'on request for OB-ZOO JheNationalGtj' Company Correspondent Offices in over Cities i" Omaha First National Bank Building Telephone, Doaslas 131 If; 3 W -Specialise la the Careful Handling of Orar ef Grain and Provisions far r Future Delivery i-m All Important Markets W Are Members ef . Chicaro Board of Trad Milwaukee Chamber of Commerce Minneapolis Chamber of Commerce t Louis Merchants Exchange Kansas City Board of Trade Sioux City Board ef Trad Omaha Grain Exchange W Operat Offices att Omaha. Neb. Sioux City, la. Lincoln, Neb. Atlantic, la. Hastings, Neb. Hamburg, la. Holdrege, Neb. Des, Moines, la. Geneva, Neb. Milwaukee, Wis. Chicago. 111. and all of thesa offices are con nected with each other by prlrat wires. W Solicit Your Patronage. THE UPDIKE GRAIN COMPANY Grain Exchange Building. Omaha, Neb. P. S. Cash Consignments Solicited. $5,000 Dodge Sts. NEBRASKA C A. ROHRBOUGH. Prw. V iVrmini emiimJ . . . w ' v1,