12 C
THE OMAHA SUNDAY BEE: MARCH 14 1920.
UNTRAINED BOYS'
SPECTERS HAUNT
HOUSE CHAMBER
iilany Instances of Martyrdom
To Nation & Unprepared;
ness Cited in Debate
On Army Bill.
By ARTHUR SEARS HENNING
. Washington, March' 13.-(Special.)
Specters of the American boys sent
into battle untrained and martyred
to a nation's unpreparedness have
haunted the house of representa-
. tives during the debate on the-army
c bill from which all provisions'' for
universal military training have been
eliminated. ', ' '
Again and again during the debate
these concrete instances of the
tragic cost of unpreparedness to the
folks at home have arisen to plague
those congressmen who have de
fended their opposition to universal
training on the ground that their
constituents are against it and
would retire Vic,m if 'they, should
vote for it.
Ifere is a sample, Representative
Caldwell of New York, democrat,
speaking
Caldwell Is Eloquent.
"After the ereatest war of all
(lines, wVii America sent her younp
manhood over there to tight for trje
cause of humanity, how did she send
t!iem? Some of my detnocratie
friends over there who are against
universal training will tell you. Mr.
Bryan told us that 1,000,000 men
would spring to arms over night,
and they did. , Yes", and they sent
these poor' boys across to the other
side, a great many -of them without
, ever hayintf told them how to load
a gun. When 1 was over mere a
captain who Rad een service in the
trenches told me of . cases where
men in the trenches, ready to go
over the top in a few miniltes before
the zero hour, said: "Captain, I do
not mind going over, but" will you
not please show me. how t'o load
the gun so that I can shoot when I
get over there?",
"In my district there was a boy
jwho wis drafted and was sent to'
fhree camps 'and then shipped
across and was buried in the
trenches in France within Vive weeks
Votn the time he was drafted, and he
never before he was called by the
draft had a gun in his hands.
"Figures from Fort Slocum, N.
show that out of 10'nicn taken
in the ordinary enlistment seven of
them neer had a gun in tjieir hands
before in their lives. . Yet here at
this time, when this country is still
technically at war, when all' the
world -is a seething volcano, 'when
no man knows when the next out-i
break will be, when no man knows
what hour the clock will strike and
the, men- of America will be sent
again to defend the flag of our coun
try, you, under the tutelage of men
who are against training and were
against the war, cohie m here and
destroy the. military bill designed
before the war, paying no attention
to the great lesson' taught by this
great holocaust. Shame on you
men sent Here to defencj and protect
the country, -who will destroy the
owly means of defense we have and
-give- us nothiitg in its place, so to
speak."
''The gentleman from New York
will undoubtedly admit that it the
Case he cited is true that .there was
a boy from his district who did not
know how to load his gun; that
such an incident was absolutely in
excusable in this last war, and that
the officer who was called- upon to
furnish troops for replacement and
Sent this young man. should have
been . court-martialed," interposed
Representative McJCenzie oi Illi
nois. Blame on Match.
"Then yoy will have o court-martial
your republican friend, Peyton
C March, for .he issued the order
that kept , the units hert. and re
quired, untrained men to be sent
over as replacenjeh.ts Xo -the other
side," responded Mr. Cahjwell. "It
did not happen jn one case, but in
hundreds of- cases, and -any officer
who served . in the trenches in
France will be able to point out re
peated instances.
.i'l want to say that in nearly j
every instance when they found it
out the boys vercsent to the rear, I
but in many instances the poor boy
who had nevei- been given an opr
portunity to train, himself was sent
to his death because of the neglect!
ef legislation of this country." "
Mr. -Caldwell poo-poohed the
"bugaboo of militarism" and con
tinued: ."What else? Pecause jt costs
money? It costs $59 far every man
who " enlisted' under the voluntary
enlistment htore the war. Under
this bill you wijl hava ten times the
overhead charge, $30 a montih for
the cheapest men, and under this bill
the private Soldief in.many instances
will draw more than $100 a monlh.
Add up the expenses .total it all, and
you have an army of, 125,000 men
costing you $500,000,000 a year,
and then on flie other side fig
ure the cost "of equipment and
clothes on the average to the man
that you would get under universal
training. Five dollars is his pay,nd I
v. ..,.11 -;j v.. .( 4
.ins wtit uc vni am vcittusi Ul uliu-
irrgr that he ge,X Added together,
.when you do so, you will find that
your universal training proposition
will cost you less than any kind yf
a decent regular army will cost. I
want to tell you something, as a
man who has studied' some politics
in his life, and that is that poli
ticians think, they make the issue,
politicians struggle to make the is
sue,, but there as not been a cam
paign for the national selection in
my time in which any issue made by
a politician was ever voted on by
the "people. The people make 'the
xreue, and mar& my, words, between
now and election day the. people will
make an issue irk, the selection and
there will be the biggest surprised
bunch of people 'on both sides of
this house you ever saw in your life.
I would, not he surprised but that
every man, democrat and republi
can, who has a contest at the other
end of the capitol'will be defeated.
It does not make any difference
which side they are on. The Ameri
can .people have, made up their
minas pat tney want mings uuuc
and not talked about and the man
who is afraid to do things is the
man who is going to be turned out
I assure you that when ydtf atfe try
ing to play politic with "the" Ameri
can defense vou are Dlaving with a
two-edged sword anjj that. you wilt
get it m a place where you are not
looking for it? and that you will cet
Market
live Stock '
Omaha Un Stock.
. Omaha. March II, 11.
lecefpte were: CaMe. Hon Sheep.
Official Monday .... 7,M1 6,728 S.0J0
official Tunilir ... T.8S 17. S01 14.170
Official Wadnrsdsy. 8.S77 14,04 S.S04
Official Thursday... I.4SS 10,621 1.715
Official Friday ,.... 7.64 S.100
Kstlmata Saturday... ' 00 7.600 0
Six days this week.30,0T . 64,030 4J,61
Same day last wk.16,371 49,14 S!,(78
Same davi wke ao.26.SSl 66.670 44,086
Same daye 3 wkl airo.26.61S 64.917 48.317
Same days yr. aKO.M.SIS 97,486 68.661
Receipt ar.d disposition of live stock
at the Union Stock Tarda, Omaha, Nab.,
for 94 hour endins at S o'clock p. m.,
March 11, 1930:
RECEIPTS CARS.
, Horse
and
Cattle Hogs Sheep Mule
Missouri Pacific, ..3 ... .. 1 .
Union Pacific ....ll. .. ..
C. N. W., east. . .15 . i 1
C. & N.' W., west... t 61 .. ..
8t. P., W. & O. 2
C. B. A east,... 3 1 1 ..
C. R. I. s P., eaiit. 6 " 2,
C, R. 1. & P., west... 1
Illinois Central ... I .
Chi. Gt. West..;... 1 . . '
Total ' receipts ..41 107
DISPOSITION HEAD.
Hogs
Morris & Co...,
Swift & Co
...1,049
...1.876
...1,230
...1,416
...1.460
Oudahy Pack.ng to.
Armour
J. W. Murphy ...i..
total
...7,029
,t. arrival or caxiie
about 80 head, making the supplies for
fhe week slightly over 30.000 or an In
crease of nearly t.vuv ---
but'4,o hT of tne uppUm yeai,,gr:
Aliliough steers sold strong on Monday,
there has been a steady to weak market
alnce then with the heavies. 25 40c ower
for the week, but yearlings were steady
to strong with brisk demand. Top for
the week Is $14.25, the highest price since
January. Practically all grades of she
stock ar ending the week 2640e lowei.
quality, as a whole has been very fair,
small lots selling Tip as high as 812.60.
Stockers and feeders have held steady all
the way through, real prime heavy feed
ers selling as high as 812.00012.10.
(Juolanuns on (.'attic Hood to choice
h.a,s 113 onfti4.no: fair to good beeves.
81 1.50013.00; common to fair beeves, 110.00
(8)11.60; good to choice yearlings, 312.00
13.26; fair to good yearlings, 110.00012.00;
common to fair yearlings, 89.0010.00;
choice to prime heifers, $10.00911.75:
good to choice heifers, 9.0010.U; gooi
to' choice cows. $10.6012.75: fair) to goo
cows. $7.009.00; common to fair, cows,
$4.007.00; choice to prime feeders, $10.60
12.00; good to choice feeders,. $9.76
10.60; medium to good feeders, $8.509 76;
common to fair .feeders, $7.6008.(0; good
to choice stockers, $9.60010.50; fair to
good stockers, $7.759.00; common to fair
grades, $6.0007.75; stock heifers, $6,500
8.00; stock cows, $5.007.50; stock calves,
$0.00010.00; veal - calves, J9. 50015.75;
bulls, stags, etc.. $5.00010.06.
Hogs Receipts of hugs ' have been '
trifle larger this week than last, the run
(or the week totaling 64,000 head, com
pared with 69,600 last week and 97,400
head a year ago. An advance In prices
was recorded the first day of the week,
making Monday the highest day since the
latter part of January. With larger sup
plies a little mora discrimination was
shown against heavies on Tuesday and
on Wednesday there was a carryover of
heavies, the last three days of the week
the discrimination became so pronounced
as to present the most 'two distinct mar
kets for heavies an,d JlRhta probably In
the history of the yards with heavies
being pounded downward and light grad
ually advancing. Saturday's market was
generally steady with Friday and the
week closes with light hogs selling large
ly at $14.76015.25 and heavies unevenly
from $13.00' to $14.00, the week closing
with light hogs a big 10c to 15c higher
than last Saturday and heavy hogs 60o
to $1.26 lower. Saturday's - bulk was
$lJ.7615.00' and top $15.25; . -J
V ' ' HOGS . '
Mo. Av,
30. .395
47. .360
39..271
72. .268
66. .248
63..2K2
72. .219
103.164
68. .248
74.. 226
69. .239
38. .186
70. .219
Sh.
210
'40
140
"to
190
Pr. No. A v.
Sh.
70
Tr.
13 60
13 85
14 00
14 16
14 25
14 35
14 45
14 60
14 70
14 80
14 90
15 10
15 25
1J 00 63. .204
13 75
13 90
14 10
14 20
14 30
14 40
14 50
14 65
14 76
14 85
16 00
15 16
59. .305
64. .273
45. .280
60. .289
63. .270
70
68. .249
76. .264
79-.. 217
70. .237
82. .197
84. .204
53. .218,
40
40
110
Sheep and I.amfca Only three or four
loads of lambs were .Included In today's
receipts end prices ruled nominally
steady. Some pretty good 80 pound
lambs sold at $16.60. The market this
week has been rather uneven, although
present prices show no material change
a compared with a week ago. Oood fat
lambs are closing generally steady with
inbetween and heavy grades about a quar
ter lower. Fat sheep ruled strong. De
mand centered on choice light Iambs and
thene sold up to $19.25 with a spread of
$18.5018.75 taking the bulk of the me
dium weights. Some prime ewes reached
$14.00 early in the week with fair to good
kinds selling down around $12.26013.00.
There Is little or no demand for ordinary
feeding lambs and demand to the country
Is small. Good shearing lamba are want
ed around $17.00017.50.
Quotations on sheep: E.ambs, good to
choice $18.60019.25; lambs, fair to good,
$17.75018.25; shearing lambs, $16,750
17.65: feeding lambs, $15. 0017. OH; cull
lambs. $13.60016.00; yearlings,. $16,000
17.25; wethers, $13.26014.50; ewes, good
to choice eweB, $13.00013.50; ewes, fair to
good, $12.25013.00; lamby ewes, $9,000
14.00; ewo culls and canners, $7.6009.60.
Sioux City Live Stock. , '
8loux City,' March 13. Hoga Receipts,
6,000; market 25 to 40c higher; light,
$13.00018.40;. mixed, $14.60016.00; hwvy,
$14.00016.00; bulk of sales, $14.4O01b.i5.
Cattle Receipts. 600; market steady;
beef steers, choice fed, $12.000114.66;
short fed, $7.00011.75; beef cows, $7,000
8.00; fat cows and heifers, $8.00012.00;
canners, $4.00011.60; feeders, $9.00011.00;
stockers. $7.50010.00; veal ealves, best,
$9.00015.00; common calves, $7.0009.75
feeding cows and heifers, $5.8508.60.
Sheep Receipts 300; market steady.
St. Joseph live Stock, , ,
St. Joseph. Mo.. March 13. Cattle Re-
volptst 200 head: market nominal; steers..
Ii.if(fii.ii); cows ana neireri, , o.uuo
13.00; calves, $7.00013.60. -
Hogs Receipts, 2,500 head; market un
evenly steady; top, $16.15; bulk, $13,600
16.10. , '
Sheep1 and Lambs No receipts. - ,
New York Coffee.'
New Tork, March 13. Trading (a coffee
futures was very quiet today, and the
narrow fluctuation was regarded as re
flecting little more than the effect of
small orders in tha narrow market.
The official cables, showing declines In
the Rio market, had evidently been dis
counted by the rumors of yesterday and
after opening unchanged prices here Im
proved slightly on covering foe over the
week-end. May sold between 14.39 and
14.42c, closing at 14.40c, with the gen
neral lirt closing net unchanged to (
points higher.
March, 14.14c; May, 14.40c; July, 14.63c;
September,! 14.40c; October, 14.39c; De
cember, 14.88c .
Spot toffee quiet; Rto 7s, 14He; Santos
4s. 240240.
New Tork General.
New Tork, March 13. Wheat Spot
firm; No S red. $2.74 f. o. b. steamer.
Corn Spot steady; No. I yellow, $1.7714,
and No. 2 mixed, $1.764 c't fciNew
Tork. -
Oata Spot' steady; No. 1 wWte. S1.03H.
Hay Easy: No. 1. '$2.6508.65: No. 2,
$3.4O0t.6O; No. 2,. $2.3002.36; . shipping,
$2.1002.20.
Isard Easy; middle west, $21.10021.20.
Other articles- unchanged. . ' '
4 4 '
', New Tork Money. . ,
. New Tork, March 18. Prime Mercantile
Paper Unchanged.
. Exchange Heavy.
' Sterling Slxty-dar bills, $1.64; commer
cial 60-day bills on banks, $3.6.4; commer
cial 60-day bills, $3.63 ft; demand, $3.6814;
cables. $1.69. '
Franc8--Demand, 13.43; cables, 13.40. '
Belgian Franca Demand 12.97; cables.
builders Demand, 36; cables, $6c.
Lire Demand, 18.17; cables. 18.15,
Marks Demand, 1.24c; cables, 1.250.'-'
Bonds Government, Irregular; railroad!
firm. v
Sterling showed Inoreased heaviness In
the later dealings.
Qootatlons were: Sterling, 60-day bills,
$3.63;- commercial (0-day bills on banks,
$3.68: commercial 60-day bills, $3.624;
demand, $3.6714: cables. $3.68. .'
j ' .
's ! Oman Hay Market. . ,
Receipts continue light on both prairie
hay and alfalfa, while the demand la
somewhat Improved on prairie bay caus
ing th market to advance on - some
grades. Alfalfa remains steady. '
Oat and wheat straw steady with no
ohange in prices.
Hay Upland prairie: No. 1, fW.0
Jl.OO; No. ', $17.00 019.00; No. 3. $12,000
16.00. Midland: No. 1, $19.00 0 20.00; No.
J, $17.00018.00. Lowland: No. 1, $12,600
14.01). Ko. 8, $8.00011.00; No. 1, $7,000
10.00. ,
An'falfa Choice: 831.00BS5 ns- 1.
$19. 00 030. OIK Standard: $23.00027,00; JNo.
Straw Oat: IlLOOtU.OO, Wheat: $10.00
1 911.0a. .
and Financial News of
Financial
Chicago Tribune-Omaha Bee Leased Wire
New York, March 1 3. After
making progress forward in the
first hajf hour of trading today, the
stock market, wavered for a time,
upon receipt of rumors that the Ger
man government had fallen.
Shortly, however, fresh buying of steel,
motor and railroad Issues made Its ap
pearance, and before the end of the trad
ing period some notable advances had
bees scored. Notable, that is, in view of
the fact that a sizable amount of profit
taking salts had been looked for at the
closo of a week marked by more optimism
over tha credit outloek than had been ex
pected before. In this year. Reading led
the rails with, an npturn of more than 8
points. Industrial stocks which stood In
the forefront of this department were In
fluenced by special ' factors, expectations
of stock dividends and the pinching of a
short Interest, but the rise of the rails
was widely distributed. Professional op
erations dominated, and for that reason
It might be easy to lay too .much stress
on tne nay s advance.
, ' More Cheerful Mind. -
; Wall street ended the week In 'a more
choerful frame of mind than at the be
ginning, although Indications of Improv
ing sentiment had been dlscernlLle the
wee Dexcre. income tax day was ap
proached with only a flurry in call money
rates, and all .confidence was expressed
in banking, circles that signs of strain
would bo light. The sharp advances of
the foreign exchanges, especially of ster
ling, were evidently the product in the
large part of headlong speculative op
erations and the quick 'reactions now and
then showed traders to be unwilling to
carry on very far In one direction, yet the
quotation of $3.674 for sterling sight
drafts, which' stood at the end of the
week, disclosed an impressive gain from
recent discouraging levels. The idea late
ly prevailing Mn some quarters that much
depreciated exchanges forecast of them
selves coming bankruptcy ,for certain Eu
ropean countries was dispelled by the rise
of rates. Furthermore, ' the announced
plan of England- and France, to retire the
Anglo-French loan next autumn aided
financial sentiment on this side by show
ing that the foreign business and banking
leaders were looking far ahead and mak
ing preparations for large transactions.
Excepting utilities, the bond market,
li-cnidlng foreign Issues was steady to
firm. United Kingdom 64s of 1937 dis
playing especial strength. Sales, par
value, aggregated $5,376,000.
Old United States bonds were unchanged
for the week. .- . ,
Numbers of sales and range of prices
of the leading stocks:
, Sales. High. Low. Close.
Amor. Beet lugar 3,100 834 . 62 82
Amer. Can 1,700 ' 48 44 46
Amer. C. & Fdy. 1.600 143 1384 143
Am. H. & L., pfd 700 10414 1034 1044
Amer. Loco. . ..- 2.200 99 97 99
Amer. S. & R 2,600 . 65 654 66ft
Amer. Sugar Re. 200 1314 129 1314
Amer. Sum. Tob.i 600 91 91 91
Am. Tel. & Tel... 200 994 994 994
Amer. Z., L. & 8. 600 184 184 18
Anaconda Copper 2,000 69 58 59
Atchison 1,200 854 85 -85
A., G. ft W. I. S. S. 600 166 155 156
Baldwin Loco. ..17,600 119 117. 119
Bait ft Ohio...,. 8,200 284 36 37
Beth, Steel "B". , ijlOO 92 90 92"
Butte & Su. Ccp. 500 264 264 264
Cal. Petroleum .. 600 $64 86 364
Can. Pacific
1,600 126 123 125
2,600 86 844 85
400 59 67 684
600 40 40 404
600 90 89 89
9,600 384 '374 38
1,000 34, 334 33
300 40 394 364
6,600 92 91 91
10.600 241 2224 241
Central Lenthor
Chesa. & Ohl'i.
C, M. & St. P.
CfcJ. & North..
C R. I. & P..
Chlno Cofpor
C. F. ft 1 ,
Corn Products
Crucible Steel
Cuba Cane Sub.. 1.200 44 44 44
Dis. Secur. Corp. 1,000 67 66 67 '4
Erie 400 16 V 14 1 V,
Gen. F.ictrio 1634
Gen. Motors ..... 6.800 324 818 8214
Gt. Nor., pfd ... .
3.800 84 '4 82 84
600 384 384 384
300 92 904 92
800 654 644 644
Gt. Nor. O. ctrs.
Illinois Central ..
Insplra. Copper
Int. Mer. Ma pfd 1,700 91 89 91
Inter. Nickel .... 100 22 22 22
Inter. J'aper 600 80 794 80
Kenneco;t Copper' 30 30 SO
I,, ft N 200 107 106 106
Mex. Pet. ' 6,300 183 1814 1834
Miami Copper .. 200 23 22 22
Mldvalee Steel .. 500 47 46 47
Mo. Pac. 8,40 29 29 294
N. T. Central .. 4,000 76 76 76
N. T., N. H. ft H. 9,200 35 34 85
Norfolk ft W.. .. 400 99 96 98
Northern Pac. .. 1.000 84 82 83
Pan-Am. Pet. ... 9.200 93 924 93
Pennsylvania ... 1,400 43 42 43
Pitts, ft W. Va., 100 294 294 29
Ray Cons. Cop... 400 18 18 18
Reading C5.200 884 84 87
Rep. I. ft 8..... 5,400 94 92 94
Sinclair u. & K. iz,4uo 43 4z i.i
Southern Pao. .. 11,000 100 99 100
Southern Ry. ... 10.00 26 24 24
Studebaker Corp. 22,400 97 954 97
Texas Co 4,600 199 196 1984
Tobacco Products 400 684 67 684
Union Pacifio ... 1.400 1224 121 122
United Cigar S.. 3,800 744 73 74
V. 8. Id. Alcohol 5,000 93 904 93
U. S. Steel 34,600 994 98 99
do pfd. .tw... 200 113 113 113
Utah Copper ... 200 72, 72 72
Western Uion ... 400 87,4' 864 87
West'house Elec. 200 63 3, 63
Willys Overland 3,200 254 26, 25
Ohio Cities .... 45
Royal Dutch ... 1,400 100 9 100
Bid.
Bond List.
U. S. 2s, Reg. 100
do coupon.. 1004
U. a. 48,Regv 106
U. a cv 4s Cn 106 1
111. Sen. ef. 4s 72
Int. Mer. M. 6s 89
K. C. So. rf. 6s 70
L. A N. un. 4s.. 81
M.K.& T. 1st 4s 67
M. P. gen 4s .. 56
Mont Pw. 6s.. 84
N. T. C. deb 6s 92
N. P. 4 76
N. P. 3s .'.....63
O S. Line rf. 4s 90
P. TI. ft Tl. 6s.. 85
Penn con 4s.. 904
Penn. gen. 6s ., 89
Rdg. gen. 4s . : 79
St. L. ft S. F.
adj. 6s 66
S. P. cv. 6s ....102
Panama 3s, Cp. 88
Panma. rg. . . . 89
A. T. & T. CV 6S 98
A-French 6s 97 11-16
Arm. ft Co. 44s 82
Ath. gen. 4s. 17 V,
B. ft O. cv. 4s 66
B. steel rfd. 6s 84
Cen. Lth. 6s,. .94
Cent. Pa. Is... 72
C. ft O. cvT 6s-. -79
C. B. ft Q. It. 4s 94 .
C. M. St P. ov.
4s 724
C. R. P. Ry.
So. Ry. 6s .... 85
rer. 4ss 67
Tex. Co. cv 6s 103
T. ft P. 1st ,. . 82
U. P. 4s 2
Unt. Kg. G. B.
&1.5s (1937) 88
U. 8. Rub. 6s .. 84
V. S. St. 6s . . 96
Wabsh 1st .... 87
C. C. el.' t6s.. 78
Cty. Paris 6s . . . 90
C. ft S. ref. 4s 72
D. R. O. C 4s. . 634
D. Cn. 5s (1931) 91
Erie gen. 4s. . 46 3-8
Gen. Elec. 5s.. 88
N., 1st 4,t8I
New. Tork Product.
New Tork, March IS. Butter Easier;
creamery)- higher than extras, 6868c;
extra. 67Mc: firsts. 63067c: 'Dacklng
stock, current make. No. , 39 39" c
Eggs Firm r fresh gathered, extra nrsts,
4446.c; fresh gathered firsts, 43 44c
Cheese-Firm ; unchanged.
" Poultry Alive, not quoted; dressed dull
and unchanged., ' .
. Turpentine and Basin.
Savannah. Ga., March 13. Turpentine
Firm; $2.07; sales, 9 bbls.; receipts, 35
bbls.; shipments, 1,520 bfals,: stock, 2,066
bhlav -'
Rosin Sales, 44$ casks; receipts. 194
cssks; . shipments, 3,651 . casks; stock,
23,309 casks.
Quote: B. $17.00; D, $18.26; H. $18.40; I,
$18.45; K, $18.75; M. N. WO, WW. $19.00.
'.'!'.'.iV.'' ' Dry Goods. , s
New-Tork, March 131 Cotton goods to
day wero firmer, with gray, goods more
active. Tarns were irregular, with low
cumbers of carded stock being offered
very cheap. Raw silk was steady. Lin
ens were firm and quiet. Wool markets
were dull,. , :
Xlberty Bonds.
New Tork, March 12. Final prices, of
Liberty bonds today were! 3s, 96.06;
first 4s. 90.50; second 4s, 89.40; first 4s,
90.90; second 4 a. 89.78; third 4s, 93.06;
fourth 414s, . 90.12; Victory 3s, . 97.36;
Victory 4a, 97.M0. v. . n I-
' Kvaporated Apples and Dried Fruits.
New Tork, March 13. Evaporated Ap-
PIhs iuii.
Prunes Firm.
indf
Apricots In better demand;
Peaches Quiet. ....,:
. Raisins Steady. , -
' " ' Chicago Produce. ' ' .
Chicago, March' vl3. Butter Firm;
creamery 52068c.
Eggs Raster; receipts, 14.833 cases;
firsts, 4243c; ordinary firsts, 3642c;'
at mark, rases Included, 41042c
Poultry Alive, unchanged.
" ' .: Chicago Potatoes. - ' . I
-"Chicago. March IS. Potatoes Weaker:
receipts, 63 cars; northern white, bulk,
$6 3606.40; do esxked; $5.I05.30; Idaho
russets, $5.80(96.00. . '
j . . . , : ,
Now Tork Coffee.
New-Tors'. March IS. Coffee Rio No.
T, 14 He; futures steady: May, 14.40c;
July, LH.(ia , . . ....
--- -A - Cotton Futures.
New Tork. March 12. Cotton - futures
closed steady; March. 39.75e; May. 39.90c;
July, J4.02o; October,. $L6Jo: Daoanbsr,
New York Quotations
Omaha Grain
' Omaha, March 13, 1920.
. There was a fairly substantial run of
grain today, arrivals totaling 161 cars,
against 67 cars" last Saturday. Corn re
ceipts were 73 cars, compared with 76
cars yesterday, and 21 cars a week ago.
Wheat was slow and little demand tn
evidence for ths better grades, of which
m sales were made. Bids for this kind
were about 6 cents lower. Some of the
off grades sold around yesterday's figures,
Corn ranged generally unchanged to ' 1
cent lower. No. 6 white wsa unchanged
to 1 cent up. Oats were unchanged. Rye
unchanged to 1 cent up, generally un
changed. .
Cash sales today were:
Wheat No. 4 hard: 1 car, $2.43. No.
.,ha.,c." ,2'36-. Sample hard: 1
car, $4.25 (16.4 per cent moisture.) - "
11 , PJ cent moisture). No. 4
........ nu. a wnite: b cars,
$1.44; & cars, $-.43. No. 4 yellow: 1 car,
$1.46; 3 cars, $1.44. No. I yellow: car'
$1.44; 8 cars. $1.43; 1 car, $K43 (shippers'
weights); 4 cars. $1.42. No. 6 yellow- 1
car. 11.41. No. 3 mixed: 2 cars. $1.45. No.
ture), f per cent damaged); 3 cars, $1.44:
1 car, $1.44 near white); 4 oars. $l.43
1 car, $148 (near white); 8 cars, $1.42:
J J?-!' V-A1',,No',8 n'ed: Ll car $1.40
1 car. $1,40 (sour); 1 car. $1.39. J '
Oats No. 3 white: l car. 87e.
tl sFlS0-?1,1 car.'1-66. No- 3. ' cars,
$1.66. No. 4: 1 carM$1.64.
OMAHA GRAIN MOVEMENT.
Receipts , Today Wk. Ao Yr Aim
Wheat
.. 44
10
26
15
4
Corn
Oats ,
Rye
Barley .......
HhiniriArj fa-
.. 72
.. 27
.. 10
Wheat
18
3(1
1:1
26
Corn
Oats ,
Rye
27
20
iJariey
3 r
RECEIPTS IN OTHER MARKETS.
-.. Yt nei vorn oats
Chicago , 9 ,,9 J,,
Kansas city 16 jo -13
Minneapolis ,.!!!!l8ti , '. ,
luiuiq 4
Winnipeg ,306 '
OMAHA GRAIN INSPECTION.
The nnml.er nf nor. - .
several grades. Inspected "in" here during
I n A IUBT 't.A Iiaiiv.. lt- .
Wheat No. 1 hard. l; No. 2 hard, 9;
No. 3 hard, 12; No. 4 hard. 4; No. 6
hard. ,nm,.ia' t.a.j x. , ,
1. No. 2 mixed, 1; No. 3 mixed, 2; No. 6
i" f : i1;,eNo' 6 "Pr'hSi 1; No. 6 durum,
1; total, 36.
Corn Nil 1 v ll. 4. v- ...,..-
. . " - Willie, o;
No. 6 white.. 3; No. 6 white. 1: No. 4 yel-
.yy, o, iYu. a jreuow, ia: xno. 3 mixed. 6;
Nil 4 l I V H,l Y A K7A S I I r. . , M
mixed, 2; sample mixed. 1: total. 68.
. . . ' yyiiub, j; o. I while, 24;
No. 4 white. 3; total. 28.
Rye No. 2. 2; No. 3, 3; No. 4, 3; sam
ple. 3: total, 10.
.Barley No. 4. 1; rejected, 5; total, t.
Grain Trade Notes. .
i Chicago wjro says: Country offerings
bf corn and oats very light. Bids of Se
over May for No. 2 white nt 6-iinv
shipment, failed to result in offers, while
54o over Is bid for 30-day shipment.
The man whj made the bids claims he
nas not hart an offer from any caah
handler so far. A little corn was bought
at Omaha to come to Chicaen n iVwr
lays ago, but since then Peoria and Mil
waukee have been outbidding' this mar
ket. Very little grain reported for sale
in Omaiw territory in Iowa. M little
consigned coming here from the west.
Rosenbauia Review savs: Was the
wheat crop of 1919 overestimated, or has
consumption been about the heaviest on
record. Private reports on farm reserves
indicate holdings on March 1 of around
137,000,00 bu.-ih'cls. while the Grain cor
porations leport on . wheat stocks In all
positions showed 189.000,000 bushels, a
total of 326,000,000 bushels for export
and consumption during the next four
months to the new crop, and for carry
over June 30. At this time last season
stocks wen- 352.000.000 bushels, based
on the same data.
Apparently, there has been a disappear
ance of 669,000,000 bushels of wheat
from July 1 to March 1. compared with'
583,000.000 bushels during the same
period last year. Exports for the same
length of time were 134.000.000 bushels.
against 192,000,000 bushels last year, so
that the apparent domestic consumption
In the psst eight months has been 535,
000,000 bushels, against 391,000,000 bush
els last year. . Now, estimated bread and
seed requirements of this country are
around 600,000.00 bushels, per year. Yet
on the above basis with four months to
go, we are within 65,000,000 bushels of
that total. Suppose we take the esti
mated consumption of 635,000,000 bush
els, and add the four months' normal
requirement- of 200,000,000 bushels, and
we get a total of 735,000,000 bushels, by
far the largest amount ever estimated to
have fused down the throats of the
American, public. It Is quite apparent
that the wheat crop of 1919 was over
estimated Mound 100,000,000 bushels, or
els that amount has been used for ani
mal feed, mid there is considerable be
lief that part of It was. But, let us
A few weeks ago the Grain cor
poration was telling us about the im
mense amount that was to be carried over
Into the new crop, estlmatine it around
200.000.000 bUBhels. Farm reserves and
stocks in all positions Marcb 1 were 326,-
ooo.ooo bu.-hols. It seems safe to figure
that exports and consumption during the
next four months will be at least 200.
600,000 bushels, so that we mav carry
over 126,000,000 bushels. Recentlv the
GERMAN
CITY BONDS
1,000 MARK BONDS
Berlin
Magdeburg
Hamburg
Bremen
Leipzig
Leipzig
Dusseldorf
Muenchen
Stuttgart
Nuernberg
Mannheim
Dresden
Essen
Hannover
Karlsruhe
4
4
Vt
4,
4
Vt
4
4
4
4
4
4
4 .
Berlin, per war, 4
Bremen 4Yt
Grtr. Berlin '19, 4
Hamburg, Stsjte, Vt
Bremen
4
Mannheim
Cologne .
Magdeburg
Danzig
Leipzig
Munich
4
Vt
4
5
4't
Hamburg, State, 4
Heidelberg 4
Kiel 4
4
4
Munich 5
Munich 4
To the investor in highest
grade German City Bonds, is of
fered today the opportunity of
a life-time to invest his funds
in German Municipal Bonds, at
returns that have rarely, if ever
in our experience, been equalled.
We firmly believe in the re
cuperative power of Germany,
and that investors in these Bonds
will realize a profit all the-way
from 500 to 1,500.
Each of these Bonds has been
approved by the German Govern
ment as legal iavestments for
trust funds and savings banks,
and can be purchased today at
almost unheard-of prices. An op
portunity of this kind only pre
sents itself once in a life-time,
and if you wish to take advan
tage of, it, write or wire imme
diately for prices, which are
changing every day. ; , , -
The Mark has advanced over
60. points within the last three
days and every indicatioa is for
much higher prices. These Bonds
are an absolutely liquid invest
ment, have a ready market, nd
profits can be taken at any time.
Wire your orders at opr ex
pense to purchase at the
marvel. ' " '
We draw and sell ' our own
cheques on the Deutsche Bank
Berlin, and transfer money by
cable to all parts of Europe.
HENRI & BERNHARD
WOLF & CO. (Inc.)
Successors to Henri Wolf St Co.
Dealers in Foreign Exchange and Bonds
280 Madison Are. New York City
the Day
Chicago Gain
By CHARLES D. MICHAELS.
Chicago Tribune -Omaha, Beo Leased Wire,
Chicago, March 13. Sensational
political news from Cjcrmany with
a sharp break in exchange made the
grain trade nervous an,d prices
moved sharply within a wide range
and closed easy. Ket loSses wore
Y' to'ic on distant futures of
corn, and tc higher on March. Oats
lost ?4 to yljc with July leading and
barley was off J4c for the day.
In the face of the big advance In corn
for the week net gains were only lo
on March and '4 to 2c on distant fu
tures. Oats are 4c to lo lower. May
rye 1 higher and July o lower and
barley 2c higher. Pork is up 65c to
66c, lard 12 fcc to 20o aad short ribs
2240 to 36o higher; than a week ago.
' General evening up for the week was
on in corn as the result of the political
sltuatloi in Germany, and a majority
ol traders were- inclined to await further
developments btfore taking either side
of the market wjth any degree of free
dom.. So many things might happen over
Sunday that locals who sold short early
started to cover toward the last and
at one time prices were well above the
previous day's finish. The close, how
ever, was fractionally lower with March
(1.62; May. $1.48; . July, $1.41 and
September 11.38. i '
Only car of cash wheat sold at Chi
cago, a car of sample grade red at $2.38.
Prices were easier in sympaiy with
Minneapolis. Seaboard -exporters were ac
tive buyers of wheat at the gulf, around
100,000 bushels being taken, part at 4o
above, the best bid of the previous day.
Bids hero wero reduced to $2.63 with:
$2.67 asked ,
Closing of spreads In oats between
Chicago and Winnipeg with May being
bougfit here, nun-owed the May-July dif
ference o to 7 He at the last with both
futures slightly lower for the day. May
being 82 and July 75 c.
Seaboard exporters of rye bid 16c to
154o over May. No. 2 on track sold at
$1.72 S1.73.
Barley had an easier undertone. Spot,
sajes were at $1.38 1.62.
Review said the carryover might be 125,
000.000 to 160.000.000 bushels. Every
thing depends on the amount exported.
The annual spring movement may lower
the total to 100,00,000 bushels, but there
Is no me .trying to forecast European
finances at the. pjesent time.
pot Cotton.
New Tork, March 13. Cotton Spot
steady: middling, 41.00c.
'ononononononoDononoDODODonononoi
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Proven Sound
By the Test of Time
T ' '
IN times of great prosperity nearly
all business enterprises make
money nearly all securities are good.
X T's the time of disaster that brings out the
character of a man also the real strength of
a security.
The safeguards which the Peters -Trust
Company places around its securities have
been developed through its own experience in ,
three great business panics. For 34 years
these safeguards have protected our clients
from los9. '
We Offer
New Issue
$50,000
Lodge Pole Land Company
6 First Mortgage Land Bonds
$100 $500 $1,000
Tax Free in Nebraska
S ECURED by splendidly improved produc
ing Nebraska farm land valued at $121,925.
In addition, each -bond is personally in
dorsed by two of the largest stockholders in
the company who are prominent Nebraska
bankers.
Price Par and Interest Yielding 6"
Ask for Detailed Statement
ooonoaonononooonononoDbaoDonoi
The Firm
1 - "
Behind the Mortgage
The reputation of the originating house and in
dividual merrfber banters thereof is of vital concern
to those purchasing farm mortgages for investment.
have been
United States Trust Co.
Affiliated with J V
UNITED STATES NATIONAL BANK
1612 Farnam Street. Omaha, Nebraska.
Sale of Flour On Credit to , ,
Europe Causes Corn to Jump
Chicago, March 1$. Big upward jumps
In the value of corn this weelc have fol
lowed announcement of proposed huge
flour sale to EuropS on credit, and have
been associated more or' less with a re
markable rise In sterling exchange. Com-
fared with a week ago, corn quotations
his morning showed 4 net advance of
8r7,a oats were a shad off to s
up and provisions unchanged to 2o
higher. 1
Fresh 1 strength quickly developed In
the corn market after federal -wheat di
rector, Barnes, had said flour sales to
Europe to the limit of $60,000,000 would
soon begin oven though congress did not
authorise a loan for that purpose. Ths
subsequent extraordinary ascent of sterling
was taken generally as -Indicative of a
larger volum of export business In staples
that would affect corn. Well-grounded
anticipations of th government estimate
on reserves of corn tended further to In
tensify bullish sentiment and so too, did
wet weather, which has hastened ths
breaking up of country roads. Adversi
reports on the condition of winter wheat
likewise acted as a further stimulus to
doraand, tf
Canadian competition prevented th
oats market from sharing much In the
strength of corn.
Provisions lacked any aggressive sup
port. Packers, however, were represented
as buying lard.
CHICAGO CLOSING PRICES.
By Updike Grain Co., p. 2627. March 13.
Art.
Open. HlglK
Low. Clos lYest'dy
Corn
Mch.
May
1.52 I 1.62
1.49
1.61 1.624 1.6
1.47 1.484 1.48,
1.414 1.42 1.42H
1.37 1.38 1.38
1.71 1.71 1.734
1 66 1.66 1.68
.124 . .81 .93
.764 . .75 .75
35.25 35.50 35.15
36.00; 35.40 36.10
21.62 21.62 21.72
22.27 22.27 22.36 ,
18.60 18.67 . 18.63
18.95 19.07 19.10
July
fept.
Rye
May
July
Oats
May
July
Pork
May
July
I.ard
.May
July
Ribs
May
July '
1.424
l..S8i
1.72
.76
1.42
1.38
1.72
1.67
.334
' .76
25.35 j
35.10 1
25.50
36.40
21.70
21.70
23.30
2.25
I18.62
119.10
118.62
119.10
Minneapolis Grain.
Minneapolis, Minn., March 1 13. Flour
Unchanged. .
Barley 11.3301.66.
Rye 'No. 2, 11.69 1.70. . V
Bran 147.00
Corn fl.6iei.63.
Oats 67ie87c.
l-ia. i).U90J5.19.
' Kansas City Grain. .
Kansas-, city. Mo., March 13. Corn
iiVVl"'i: J"y. l-404; September,
St. Louis Grain.
St. I.ouiB, Mo., March 13. Corn
fl.49441.49: July, fl.43.
Oats May, 85c.
May,
105
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The United States Trust Company, and
its affiliated institution, The Byron IJeed,
Company, have been actively engaged in
farm mortgage banking since 1861, or over
69 years. Concurrent with that experji-, :
ence the company and the individuals ,
active in all allied financial n
matters, thus obtaining a thorough com
prehension of the business, and the knowl
edge . necessary for the creation' of. the
facilities and service so important to sue- '
cessful farm mortgage financing.
The affiliation of the United- States
Trust Company with the,. United States
National Bank of Omaha, one of the old-
est and strongest financial institutions in
the city, together with its ample capital,
surplus and assets, gives assurance of com
petent management and financial re
- sponsibility. '
. . . ' ''-.
The directors and officers of the United
'States Trust Company are men of high
personal standing in the community; sue
cessful men, men acquainted with local.,
conditions, and thoroughly equipped to
render a valuable service to investors.
Big Increase In Bank .
Clearings Put Omaha
In Tenth Place In U.S.
'
Bank clearings for last week to
talled $97,328,182. as compared to
$68,022,024, the total of the corre
sponding week in 101'). Although
lower than the last week total, which
was $100,711,055, the total clearings
for last week" are unusually high,
Omaha Clearing house officials say.
Omaha occupied the highest point
in bank clearings ever attained here,
when the local clearings for the
week ending March 11, placed the
city in lOtfi place. .
The records of the Clearing
AHer All-
There is a feeling of satisfaction and secu
rity in those whose funds are . invested in
MUNICIPAL BONDS which yield
. A SAFE INCOME
, A SURE INCOME
A STEADY INCOME
' . -. - v
7-and a certain, sure; safe return of the
money invested at the' maturity of the
Bond. ' j- v
THE BROWN -GRUMMER CO.
i Investment Securities
. H. E. French, Mgr.
1319 First National Bank Building Omaha, Neb.
UPDIKE
We Specialize In the Careful
Handling of Order of (
Grain and Provisions
for
Future Delivery
in ,
All Important Markets
W Arc Members of
Milwaukee Chamber of Commerce
Minneapolis Chamber of Commerce
St. Louis Merchants Exchange
Kansas City Board of Trade
Sioux City Board of Trade
Omaha Grain Exchange
We Operate Offices at:
Omaha, Neb. Sioux City, la.
Lincoln, Neb.' Atlantic, la.
Hastings, Neb. Hamburg, la.
Holdrege, Neb. Des Moines, la.
Seneva,' Neb. Milwaukee. Wis.
Chicago, 111. '
t id all of these offices are con
nected with each other by private
wires,.
Wo Solicit Your Patronage. .
THE UPDIKE GRAIN
COMPANY '
Grain Excn-ge Building.
Omaha, Neb. ',
P. S. Cash Consignments Solicited.
6
FIRST MORTGAGE
BONDS -
$250 $500 $1,000 $3,000
SECURITY centrally located
Omaha business property.
NET EARNINGS More than
twice the Interest on the
mortgage.
TENANTS The owners for
their growing business, long
established.
American Security Co.
N. W. Cor., Dodge and 18th, Omaha
esiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiMiiiiiiiiiiiiiiiiiieiiiiiii
J For Quick Sale
I 160 Shares
i
f Overland
I Stock
Tire
I at $7.50 a Share
i Box A-68, Omaha Bee
aiiiiiiiiiitiiiiiiiiiiiiiiiiiiiiiniiiiiiiiiiiiiiiiMiiiiiiiiiiis
you have any kind of valu
able papers, jewelry or
other articles that might be
destroyed by fire, stolen by
burglars, lost or misplaced
by accident or damaged vin
any other way
7r
1 1
Hem
you really need the protec
tion that we offer under the
most reasonable terms, to
gether with immediate ac
cessibility and absolute
.safety in our
SAFE DEPOSIT VAULT
Boxes $5 and Up
Omaha Safe Deposit
Company
Omaha National Bank Bldf. '
House association jhow that bank
clearings in Omaha for that week
totalled $88,695,189.08. The city i
still rated as 34th in population, and
in volume of bank clearings for
that week passed many larger cities
in all parts of the country.
The unusual size of the clearings
for that week ate attributed by bank
ers to the large number of land
settlements in Nebraska, made
March 1. '
Kansas City Produce.
Kansas city, Mo. Mnrrli 13. Kgcs
Current receipts, 40o higher, per ess.,
tl24
ltiitter Perking, 140 higher, 17c.
Poultry Unchanged.
Iximlun Money.
I.nndon,' March 13. liar Silver TO t
per ounce.
Jlonoy-r-Unchsngcd.
1 ii
Hoc. Want Ads Produce" Results.
V
Wo Make
OMAHA
Residence Loans
SV2 and 6-
Monthly Payments.
Also Straight Five
Year Loans. . . ,
Farm
Mortgage
Bonds
These bonds are secured by
First' Mortgage on part of
the modern, well - known
, 1,158-acre farm of the late
' General Cowan. The estate
, is located near Blair, Wash
ington County, Nebraska
Land valued at $250.00 per
acre or better.
A Very Attractive Issue
Yielding
6'
Payable March and September
in '
$500 and $1,000 Denominations
For further information
write or call
Affiliated with Firs Nat.' Bank
First Nat. Bank Bldg.
' Tyler 729
Get In On This
Established
Omaha
Business
Enterprise
An Omaha industry, established
four years ago and which has
doubled (t business every year
since requires additioaal Capital
with which to trfke care of its re
markably growing business.
This Company's business extends
at present throughout the states
of Nebraska, Iowa, South Dakota
and Kansas. Their enterprise is un
der the direction of capable busi
ness men who have been, remsrk
ably successful in the upbuilding of
this institution, ' thus offering to
people of this community a rare
opportunity to become identified
with an established enterprise of
tremendous promise which is si
ready on a profit-producing basis.
, We are offering a limited amount
pf 8 per cent guaranteed preferrert
stock. This stock also shares in
earnings over and above the 8 per
cent -guaranteed;
If you want a safe investment
offering better than the usual
per cent or 7 per cent,' it will me
time well spent to investigate this.
'Please, do not reply unless you
are really in a position to invest
some money, regardless of the
amount.
Full particulars
you en request.
will be forwarded
This issue is not a large oiu, 10
if interested, write at once. Address -
Boa A-M, Omaha Bee
Wr.ty, too, -,
sv.tvo, ' , '
I'
V
v.
1