Image provided by: University of Nebraska-Lincoln Libraries, Lincoln, NE
About Omaha daily bee. (Omaha [Neb.]) 187?-1922 | View Entire Issue (April 17, 1920)
A . THE BEE, OMAHA t "SATURDAY, AFK1U 17, lszfr 13 1 L ' Market and Financial News of ( the Day Financial Omaha Grab Chlci Trlbtina-Omaha lire, LMMd Wtte. I New York, .April 16. The stock market gave ground gradually un- dcr e jrtjisive selling pressure today wbeu rxI0 per cent renewal rate for call loans, the highest since early m March, was announced. .It was 4 noticeable, however, that a ra.ther Mubbor,i front was presented to bearish pressure and while the 5 standard industrial issue were easing off what looked, like pool operations carried a number of spe "dalties forward, r . A general survey of trading would 5 permit the suggestion that while high svoney -rates retarded buying and encouraged short " sales, still j there were slight evidences' of liqui dation anywhere. Whether or not Sthe event will prove the correctness J of the current trading attitude, the impression continues that 10 tov IS "per cent quotations for denjand loans will be exceptions to the general I level during tlte next month or so. One the itrlkes hav dliilvcl and , fovernmpnt nd corporation payment at midmonth return to the banks It U felt that credit conditions will be easlr. That t!.not to ay that apculatora look for per ffnt money: rathar, af e"t would T1k b considered. xcelT In the light N the present mJiement of all aorta of credit to a hiKher position. Kaiir iiokp. !ioffi continued unatx iypnn as louay Sm.ll rule inoveilupward again to 12 per ent. but In tbtTlaHt half hour of huxlnesa t there was a substantial rally, accompany- 2 t liar reaction of rwnpy to 8 per cent. Pre- ftumnhlv the hlvh rntra of thin week have "attracted offerings of fundu rom Inteelor 09twnki and a lot of money was hurried Into the market today to be put ont over the , week-end. Railroad stocks were tlugKish. One or two of the steel compsjiy Issues m idvanced, stimulated by the recurrence of - M. mitrvkii iviimAra. L4JU.tlnv avoral eonnertlk w the middle west. 4ut the really stron spota were confined to shares sponsored bv asftlve speculative ffrouD. 2 The largo output of new securities In, r tna last montn ha evidently resuitea in a , temporary' aaturatlon of the market which la expected to retard fresh financing for a time. A. yield of from 7 to 1 per rent a on sound corporation no'ea and short m bends la highly attractive, but thsy have a been coming along so fast that not all of the recent issues have been finally placed. f.Tho process apparently Is resulting In a fair amount of switching fromVgovernment "Z, 'M'"'1" into new railroad and Industrial ae- J curltles, whl4 ahould be considered aa a i, factor of minor importance, perhaps, in the continued ceslon of Liberty and Victory Issues, he 4 3, per cent Victory rotes sold t.nlny on a basis to yield 61 per cent. The decision of the Treasury department to postpone for some time the expected offerings of large blocks of the equipment cerimcmee ieiu tor an-uuni ui " the railroad admkilatrattoji. Indicates a tendenc?wt Washlngtcn to prevent undue nerloading of credit. m Foreign Monejr Dull. ' The foreign exchanges were rather dull and contalnsd no . Interesting movement except for a sharp upturn of Italian rates. Sterling fluctuated over a range rather j narrow fpr these unusual days, not getting 3 far from f 3.86 and closing at that level, tf he same as the day before. , Francr aere steady and mark In h !llni ease off. The turnover In Atlantic Gulf, however, J was comparatively smell. The Interna- tiOnal Mercantile Marine common and " preferred both gained more than, a point and this was attributed in woine qunr- . ters to the news from Washington that the government Is approaching the point where It will proceed with Its shipping program. Tn some quarters todgy the. pro posal for a subsidy was approved, but in others it was not so well received. Many ship owners feel that an exemption-of the shipping corporations, companies and Individuals 1ho onerate ships, from federal taxation for a period of years would serve. In place of a subsidy and would not be as objectionable. clent precipitation and snow covering dur ing the winter in the southeast and south 'central districts Dun's Trade Review New Tork, April 1C. Dun's Review to morrow will say: "(jimcral inconvenience and no Incon- siderablc loss to business huve resulted - from the railroad "walkouts, and some . time must necessarily elapse fhefore the t deletfrlou effects will be wholly ollm-4- lnated. v - 'With transpbrtation flisorganlaed and , movements of raw materials seriously im t paded, ahutdowne a many manufacturing - plants have been unavoidable and last month's mora favorable production results cinnni i eeneated lu Anrll. White con sumption of goods la also diminished, and though unemployment in various Indus tries curtails he public purchasing power, yet the strikes have reduoed availabj supplies of different commodities, and some I prices. aa Dun's list demonstrates, have 'risen sharply. -Such a tendency has appeared at a time when many dealers, tn planning for the future. aro confronted with a manifest change In the buying dis position of consumers, not a few, of whom are turning away from extravagance in personal expenditures and are becoming more discriminating In their selections of merchandise. ' . Weekly ban . clearings. S,S1T,53;,686. ; ' liberty Bond Priefs. ' Xaw fork, April 16. tilberty bond prices st 11 iSO a. to. today were! SH. 93.74; Tlrst 4s. it. 28: second 4s, 862; first 4vs. 0.!0; second 4',s. 86.66; third 4Us. j l. J S ; fourth 4 Ss. SS.8S; Victory His, .0H: Victory, 4 4is, SC.OG. Final trloe today on - Liberty bonds were: SH- M.!; first 4s. 94.16; second 4. 88.76: first 4Us. 10.36: second 45s. 1.76; third 4"4s, 1.5(l; fourth 4s. 86.74; Victory S'is. S6 08; Victory 44s, J6.00. Evaporated Apples and Dried Fruits. New York, April ii. -r-vaporaiea Apples Dull. Prunes Heavy. ' A pricnts P t ea d y. ssachesOulct. ' Kaisins Jasy. J , , Spot Cotton. New Tork. April 1. Cotton Spot, leady; middling, 43. Sic ' Aew York Sugar. New 'Tork, April to. Raw 'Sugar Firm: centrifugal, 19.05c; fine granulated, '16.0017.00o. , v. , t Omaha, April Ut, 12. Wheat ranged .unchanged to la higher, generally lo to 3o higher In good grades. Corn was lo to '3c higher. Oats were generally He up. Kye was ,1c to 2c higher, selling at 13.00 for No.' S and No. 3. Barley was strong. Receipts of wheat showed ah Increase today and tiros ef corn and oats were fairly substantial for this season of the year. Wheat No. I hard, S cars, 12.81; 4 cars. 11.81; 7 4-s care. 83.81; 1 car.. 82.81 (smutty): No. 3 hard. 2 cars, 89.80 1 car, i. 77; 1 cars, 12.74 (smutty); No. 4 hard, 3 cars, 83.76; 6 car, 12.74; 3 cars, 82.73; 1 car, 12.70; No. S hard. 1 car. 82.72; 1 car, 82.70; sample hard, 1 car. 32.67; 1 car, S2.CS : 1 car. ,81.45; No. 4 northern spring, 1 ear. 33.80; l-ear. 31.77; No. mixed, 4-1 car. 32.73. (durum); No. 3 mixed. '1 car. 92.81: 44 car, 83.73. (durum); 1 cat. 92.72, (durum); 1 car, 82.71, (iTurum smutty); 1-S car, 92.70. Corn No. 2 white, 3 cars, 31. 68; No. 3 white, 6 cars, 31.66; No. 4 northern white, 3 2-5 cars. 31.64; No, white. 1 car, 31.(9; 1 car, 81.69, (sour); No. 2 yellow, 3 car. 31.70; No. 8 yellow, -1 car. 3169, (dry); 3 cars, 91.68; 10 cars, 31.67; No. 4 yel low, 2 cars, 91.63; 9' ears. 91.66; 3 ear, 31.64; No. S yellow, 1 car, 31.(1; 1 car. 81.60: No. I mixed, 1 car, 81.66; No. 3 mixed, 1 car, 31.(6; 1 car 91.66, (near white); No. 4 mixed, I cars, 91.(3; No. t mixed, 1 car, 81.60; 3-6 car, northern mixed, 8160; 1 car, 21.58 (sour.) Oats No. 2 white. 4 cars, -31.01; No. 3 white, 237 cars, 91.00: No. 4 white, 4 cars, 99 fee; sample white, 1 car, 9(feo: No. 3 mixed, 1 car, fec: 1 car. H.(0. Rye No. 1, J. 1-5 cars, 12.00; No. 3, 1 car. 32.00. Barley Rejected, 3-S car, 11.30 1 car, 1.4; 21 cars, 91.41. Omaha Receipt and Shipments. - Today Week Tear. Receipts Ago Wheat i 68 18 Corn 68 (1 Oats ,.' 41 22 Bnrloy ....... . 4 1 ij. Shipments Wheat 34 M Corn 18 :8 Oata 20 11 Rye 23 ) Iowa Crop Weather and Condition : Weekly crop Bulletin saya: Ago ' 1 40 146 106 63 Towa Defl- exposed winter wheat. rye, clover and trasses I to severe tem perature ana considerable damage 1 be lieved to have occurred. Live stock gen erally wintered well, feed being abundant In most sections. Excessive precipitation In March and April in the south central and south-east districts delayed farm work so that the spring wheat acreage will be much re duced and the oats acreage will be less than Intended, though probably greater thanjast year. Corn will absorb most of the decreased aoreage of spring and wln lor wheat. TKe season is seven to ten day later than last year. Leading Minneapolis firm says: Seeding delayed account cold wet spring, wheat acreage may be eut ;n certain, sections. . South Dakota and Minnesota reports In dicate that corn and oats will be in creased at the expense of wheat. A de crease .in wheat, however. Is not unex pected In these states. In western North Dakota and Mon tana farmers are anxious to seed a full acreage of wheat. They are handicapped, however, on account of labor conditions and ityiefflclent horse power. Farm labor is very high and In some districts very scarce. Many of these men who were In the army have since gone Into other lines. There Is much concernv over the grass hoppers in western North Dakota. They are tn evidence In large number. , American Steel arid Wire Report Co says: The season ia from two to three weeks late. Owing to cold, wet weather acreage will be smaller. Wheat, so far as reported, I growing on a considerably reduoed aore age and not in the best conditmn. The most serious aspect of our agVlrulture, however, is the rsbor situation) The most serioua thing apparent at the present time Is the scarcity of labor for farm pur poses. All reports indicate that the wages asked tiro exceedingly high In many In stances, so high that farming operations cannot be carried oa with profit. Added to this Is the unreliability of the labor obtainable. This is causing farmers ta consider seriously cutting (he acreage on all crops as it will be Almost Impossible to take care of the- crops, evo If they1, get fchem p)ant''iV Thls lack of Interest in the productive work is a serious menace to the well-being of our country.. Modern Miller says: Snow and sleet etornls In Alberta -wlll delay seeding 16 days. Crop seeding In Manitoba and Saskatchewan Is exceedingly backward, due to night f reeling. Special Investiga tion in Tllimiia shows 90 per cent of acre age fly-infested and no parasites present, with similar' conditions in Indiana. Kan sas crop is spotted but' shows improve ment VVIntcr wheat crffp will show more than average abandonment of acreage, aside from possible fly . damage - 'Minneapolis Grain., Minneapolis,' April 16. - Flour Un changed. Brah 949.00. ' -- Wheat Cash. -No. 1, northern, 83.03 S.1S. , Corn 31. 63? 1.67. . Oats 97;9STtc, N Rartoy 3134itfl.3. Rye Ko. 2, 81.9i .18?. i Flax No. 1. 34.65 4.10. Turpentine and Rosin. Savannah, Ga., April 16. Turntine Dull. 92.22; receipts. 36 bbls. ; shipments, 173 bbls.; stock, 1,196 bbls Rosin Firm; sales, 86 casks: receipts, 132 casks: shipments, l.ill caskirstock, 13,063 casks. Quote: B. 313 00: D,!E. F, O, 31T.00; tt. t!7.10: I. 317.25; K.31X.O0; M, 818.23; N, 18.74; WO. 319.00; WW, l.-25. -.. w"Vork Dry Goods.' New Tork. April 16. Cotton goods to day were iulet and firm. Tarns .were slightly higher In coarse carded num bers. Wool markets "were firm for the finer grades. Raw silk was steadier and burlaps rising. i London, London Money. ' April 16, Bar Silver 67 d per ounce. Money 4 4 Pir cent. i Discount. R:es Short Willis. 8'l cent; three monttts' bills, 6fe per cent. New York Coffee. New Tork, 'Apr.ll 16. Coffee Rio No. 7. 13c. , Futures, steady; May, 14.33c; July, 14.83t, ' iTork. Bar Silver. April 1?-Bar New "l" 31. m;. M4xloan Dollars S914C. Silver LIT i - i - T i UPDflKE SERVICE We Specialize in the Crfreful Handling of Order for Grain and Provisions FOR V FUTURE DELIVERY - in All Important Markets' WE ARE MEMBERS OF.. ' Chicago Board of Trad " St. Louis Merchants Exchang Milwaukee Chamber of Commerce Kansas City Board of Trad Wiaaeapolis Chamber of Commerce Sioux City Board of Trad ' Omaha Cram Exchange 1. : WE operXte offices at OMAHA. NEB. CHICACO, ILL. MILWAUKEE, WIS. LINCOLN. NEB. SMtUX CITY, IA. GENEVA. NEB. HASTINGS. NEB. HOLORECE, NEB. DES MOINES, IA. ATLANTIC, IA. HAMBURG, IA. All of thee office are connected with each other by privat wire. We are operation?; large up-to-date terminal elevators in the Omaha and Milwaukee markets and are in position to handle your shipment! in the hst possible manner i. e., Cleaning, Transfenng, Storing, etcv . It will pay you to f t ia touch with one of our office when wanting to BUY or SELL any kind of grain. '. WE SOLICIT. YOUR Consignments of All Kinds of Grain to OMAHA, CHICAGO, MILWAUKEE a no! SIOUX CITY Every Car Receives Careful . Personal Attention The Updike Grain Company ' THE RELIABLE CONSIGNMENT HOUSE New, York Quotations Ranae of Drice of the ledlo stocks. furnished bvsLocan ft Bryan, Peters Trust hulldln: I f Ati-. 4 U:ch A , T. 8. F Baltimore Ohio. Canadian Pacific y. N. T. & H. it. ..I Great Northern, prd.. Mo.. Kan. & Tex...... Missouri Pacific ..... N. T., X. H. H Northern Pacific By . , Chi. & N. W Pennsylvania B. R.,.. Realtnr Co ,.v... u it. i. a f. Southern - Paclflo Co. . 98 Southern Railway .... 93 Chi.. Mil. & St. P.... 37 Union Paclflo .........130 Wabasb, 8Ti STEELS. Amer. Car & Fdry....l43 Ailla-Chalmers Mfg. . 43 Amer. Loco. Co 10SU Ut Alloy Steel Corp.. 49 44 H.dwln Loco. Works. 145 Beth. Steel Corp 98 H Colo. Fuel ft Iron Co. 39 Crucible Steet Co 2fiS Am. Steel Founderles. 46 Lackawanna Steel Co. 81 Midvaia steel ft ura.. 41 Presse'd Steel Car Co. 110 Rep. Iron A Steel Co.. 114 Railway Steel SDrlnc.103 Sloss-Shef. Stl. & Iron T8t4 United Low 2h' lVi . 13 Z3h, 121 120.- 73 71ii 774 ' 7Ti : t, 8 26H 25 3!W 31 78 ft ttK 34 41 H 40T 4 83V 84 34 2S 3i 119H " 8! Close 814 131 71U By charles d. Michaels. Chlraro Tribune-Omaha Be Leased Wlro. Chicago, April 6. Heavy profit taking sales of all grajns more than offset the effeit of persistent buying by scattered commission houses in 7'S small lots, but with a continued lack 2fi4 - 31 78', 84 H 84i 34 98 22-, 37 120 42H 1061 48 141 96K 39 163 4tVi 77 46 108 109 103 77 State Steel... 10S M04Vi COPPERS. Anaconda Cop. Mln... 32 61 Am. 8m It. & Ktg. Co. 68 67 Butt Sup. Mln. Co. 27 S6t Chile Copper Co 18 H 17 Chlno Copper Co 381 86 Inspiration con, wop, 6w as Kennecott Copper .... 30 ' 30 Ray Cons. Cop. Co.... 18' . 1M Utah Copper Co 75H 74H Amer. Beet Sug-ar Co J 03 A.. O. . W. I. 8. S...171 ni. INDUSTRIALS. 100 170 101 U Am. Sum. Tob. Co... 9H Am. Colton Oil Co. ...f49 48 4 Am. Tel, & Tel 96 9& Bethlehem Motor ..31 30 . American Can, Co. ....48 , 47 V4 Chandler Motor Car. 158 1S7 Central Leather Co. .. 8DU 86 Cuba Cane Sugar Ce ..18 66 Cornl Prod. Rf, Co. 103 H 300 Flak Rubber Cfr. 37 36 A General Electric Co.. .168 163 Gaston Wm. & Vlg...lfV, 15 General Motors Co... 360 368 Goodrich Co. 69- 68 Am. Hide-& Leather 34 23 Haskell & Brkr. Car.. 76 73 U. S. lnd. Alcohol CO.J00 97 International Nickel.. .33 22 Internal. Paper Co. ..84 9314 Keystone Tire & Rub. 39 88 Internat. Mere. Mar. ..38 36 Mexican Petroleum ...20314 199 Middle States Oil 34 33 Ohio Cities Gas 4Si 4! Willys Overland Co. 28 23 Pierce Oil Corp lH 18 Pan-Am. Pet. & Tran, 113 110 Pierre-Arrow Motor. ...72 69 Royal Dutch Co 114 113 V. S. Rubber Co 112 109 Am. 8-jar Rf. Co.. . 128 , 136. Sinclair OH & Rfs 40 38 Seara-Roebuk Co. ..23S 233 Stromberg- Carb. CO...107H 103 Studehaker Corp 12S 122 Tob. Products Co 78 H 72 Transcontinental Oil. ..22 21 r,. fn anTiA 21)4 . H. Food Pr. Con)...l ' 69 V. S. Sm. fifg. Mn...C9 68 Th White Motor Co... 66 64 Wost'lth'hse El. & Mf. 61 61 "4 American Woolen Co. 134 132 '4 W Totnl aftlea. 1ft00.7(iA shares. Money, .10: 7. . Mark. .0166. Sterling. 3D6?i. ' . 143 43 107 9 144 - 97 39 286 46 80 47 109 113 103 78 U 105 62 611 27 17 57-T SO 18 75 103 171 102 .99 49 96 31 158 86 67 102 36 163 15 35 69 23 43 99 22 84 . 39 i7 2 83 42 33 18 113 70 114 110 1384 39 234 1054 123i 72 22 207 73 69, 654 51 134 Jiew York Money. New Tork. April 1C Meroantite Paper 9aj 7 per.ctnt. Exchange -Heavy. St-rllng Sixty-day bill, 93.907J : com mercial 60-day bills on banks, 33.90: commercial 60-day bills, 33. SO; demand, 3.95 : cables. 33.96. Francs Demand, 16.37; cables. 16.35. Belgian Francs Demand, 15.42; cables, 16.40. Guilders Demand, 87 e: cables. 37 c. Lire Demand. 22.72: cables. 32.70. Marks Demand, 1.62c; cables, 1.65c. I Bonds Government, weak; railroad. heavy. . Time l,oana, strong; sj&'li'Per cnt- . Call Money Strong : high, 13 pr cent; low. 1 per cent; ruling rate, 19 8r cent; closing bid. 9 per cent; offered at"30 per cent: last loan, 8 per cent; bunk "accept; anceas oer ctnt. Chicago Grain of oressure,4r6m cash grains prices rallied sharply after a break, and closed. J4i$c higher on corn, lower on nearby deliveries of oats and He higher on Septem ber. , Kye fasti! and barley was unchangedv Provisions wete fairly active with pork 10c to' 35c higher, lard ' up 37j40c and short ribs, 710c lower. Trade In corn was' mainly in small lots, and the market 1 showed a strong under tone. July and September again sold at new high figures on the crop, while May was within c of 31.72 paid July 39. A groat deal of realizing waa on a the result of the better outlook for a settle ment of the rail-strike. Argentine ship ments were Immense at 4,626.000 bushels, against 1,042,000 bushels last (year and the continent resold some Argentine grain due to arrive shortly. Large amounts of corn goods for export are being figured on in the weat with Germany in the market , Oas Dotvn at Close. All deliveries of oats sold at new high figures early, but met with heavy realis ing sales on the bulge and dropped rapidly toward the last, closing; well toward the bottom., A report that Franca had can celed ,760,000 bushels at the seaboard, partly lor June' shipment, land that Eng land had koM American clipped oats at 31.12 delivered at New York, the grain to be shipped back to this .country, was re sponsible for the break. 1 American oats In Liverpool aaaie quoted by Broomhall at equal to 98c per bushel and the ocean freight rate is around 13c. France bought oats In Liverpool at equal to 95c per bushel. Cold and wet weather over the central states Increased reports of delayed seed ing and of grain rotting In the ground. This was reflected by the Independent strength In the September. ', Kye Bale Slow. " l? .Houses 'With seaboard coanectlon were free sellers of May rye' at 12, luft all of thy orders were not filled, astfTe buying was not a keen a of latat Duluth re ported sales at lOo over-May for shipment at opening of navigation, and at 8c over ft. 1. f.. Buffalo, far shipment by May 16. Spot sales were at 93,01f2.01 or 22c over May.. Barley advanced ta a new high, early, but the best buyer, of late sold freely, and a reaction followed. Malaters were the leading seller . Spot offerings were limited. A car of malting sold at $1.71. Market nominally l2c higher. Cash corn at Chicago was l3o hightr and oats llc higher. Offerings small and demand good. By Updike Grain Co., D. 2627. April 16. Art. Corn May July Sept. Rye May July Oats May July Sept. Pork May July Lard May ' July Ribs May July Open, j High. Low. I Close. Yett'y. 1.71 .1.64 1 1.59 1.91'4 1.93 .97 .89 .76 37.65 33.75 20.10 120.85 118.55 119.30 1.71 1.66 1.60 2.00 1.93 .97 .89 .77 I .17.75 1 7S iiO.ffD. 21.f5 18.60" 19.30 I.69-V 1.63 (1.57 1.96 1.90 .95 . .8! .751 1.69Vj 1.63 1.58, 1.98 V.92 ,'.964 .88 .75 37.40 . 38.15 30.00 20.82 18.X5 ' 19.17 St. Louis Grain. St. T.onls. Mo!, April 16. Corn May, 1.73i; July, $1.78. v . Oats May, tl.7 : July.' 92 c. Kansas City Grain. Kanms City, Mo April 16. Corn May $1.86',y; July, $1.62; September, $1.56. 37.30 1.18.35 120.05 120.80 18.47 10.03 169 1.64 .159 1.87 1.91V4 .95 .87 .76 37.60 38.50- 20.40 21.20' 18.47 19.37 Additional Markets On Page 21. FOR IMMEDIATE SALE 20 Shires 7 Per Cent Preferred, Participating Sttck of th . ' ' . Sprague Tire & Rubber Co. at $33 i Ten shares common given as bonus.. This must be sacrificied'by owner by Monday noon. A visit to the Stfrague factory will convince anyone it's worth twice the amount asked: i ' AddreM Bo X-34, Omaha Bee Owned and recommended by Home Builders, Inc., ' Omaha. . f Security V First Mortgage feonds iy N You Can Safely Lay Away ; , These bonds are secured by property, centrally lo cated in the business sec tion of Omaha, costing over $150,000. The net earningsare over two times the annual in terest on the mortgage.' . These bonds are sold in . denominations of $250, ,$500, $1,000 up, to $5,000 convertible after one yeaj at option of holder. ' Certain of these bonds mature in 19237anc oth ers yearfy up to 1927. TdX'Ffe6 Tnese bonds are tax-free ' xin Nebraska. The own N ers of. the propeVty pay the taxes. ' , . The owners will occupy this new property built tb meet the growing "heeds of an old-established , iy business.-' Inquiries From Investors Are Invited Ask foe Descriptive Circular" B-B American Security Cb. Earnings Thenetearningsare a - two times the annua ,s,. ' ' " Terms Maturity Tenants V Dodge and Eighteenth C. C. Shimar, Sac' Omaha G. A. Rohrbough, Pro. lo - V lie ivestiig An Oppo rtunity-- And An Invitation T-he press recently carried the announcement of the recapitalization of Jihe Hebb Motors' Com pany from a Two and a half million dollar company to an institution with an authorized . capital stock of Ten million dollars, and the change of hame to the more appropriate one of Patriot Mo tors Company. ("Patriot" being, the trade name of the Motor Truck manufactured) ; and through the mails' the Company's stockholders have been fully advised' of the proposed expansion program. Reasons for Expansion Life is progression or the reverse; manufac Tories go ahead or go backward. Nature will harbor nothing stationary she abhors a vacuum. ' The s Hebb Motors company has gone ahead in a manneV that; while not attracting so much attention at home, it has been universally ascribed the . "dark horse" in the automobile industry the country over, especially among the manufacturers. -That a major truck manufactory could be built out here in the middle west was thought by them,' only a couple of years ago, a thing impossible, incredible. Factory Ground Broken Less v Than Two Years Ago Less thn two years have passed since"the con tractors; with teams and scrapers, entered a corn--field west of Ha.velock and broke the ground for. the site of the present Hebb Motors, factory. Today Patriot Trucks are in wide andrery general use in ; every state vest of the Mississippf and in most of the eastern and southeastern states. Now the New JSngland states are .being covered. More than 60 per cent of the Company's sales for 1919 were made to s people who had previously purchased Patriot N, Trucks, and came back fdr more. With the hun dreds of Patriot Trucks in use all, over the United States and most of western Canada, there is not one single dissatisfied Patriot owner. This speaks . eloquently for the superiority of this motor vehicle. We confidently believe thatj this record is unmet in motor truck manufacture. And the" Commercial Body business has totally outgrown present Quar ters and must have new buildings. - " Eight Millions in Orders oh Books . The first of the year thee Hebb 'Motors- Com pany held a convention, of, then dealers from Texas, Louisiana and Oklahoma, and these men during the A convention signed .orders and'put deposits on over , $4,000,000.00, worth of motor trucks for shipment as 'quickly as the factory could deliver. Since that time the Company has received orders amounting to , several millions more, and now have bona-fide ship ping orders totalling something over eight millions of dollars. To take care of this tremendous volume of' business, which is growing month by.mortth, and coming as t-tto'es from the entire country, requires " additional capital. For thai; reason an issue of the Patriot Motors Company's common stock is offered the investing public. at this time. While the capi- talization has been authorized to be increased to , ten million, only one million dollars worth of its' shares are being offered the investing publiaat this , time. It is confidently expected that the present of- faring will be subscribed withiq .aVery short time. , One Thousand Dollars Invested in Hebb Motors in 1918' Now Represents a Value of $3,630.00 - In191 a limited' number of investors were for tunate enough to securevstock of the original issue, although they knew not ol their gopd fortune then, and had to be urged 'tp invest. One thousand dol lars invested then represents a value today of $3,630.00 an increment of ,263 per cent .on the:in- . vestment. Investors then we're offered participation in he fruits of the business, whose founders had traveled every inch of the distance of the road lead ing to a large body jobbing manufacturing business. Those founders had kept an ear close to the ground "partake of the harvest of experience, as indicated, by the above capacity business being done by this manufacturing concern at the present time. Market Guaranteed by Law of Averages ' In the history 'of the United States there has. never been a general crop failure, and there never will be, because there- is involved too wide a scope xbf territory. In some sections the seasons are bound to bef avorable and the law of averages wjll insure good crops HERE, even tho there is a total failure . THERE. On the same basis, the manufacturing con cern, rightly directed, producing needed articles, and . MARKETING T IN THE ENTIRE COUNTRY, 'can not faif, because too much territory, is involved. There will be .a market every month, somewhere between Canada and the Gulf; between New York . and San Franciscov ; Freight Average Favors Lincoln If all the motor trucks manufactured in this country last year could have been shipped from ' Lincoln to the points wHfere they were purchased , b the user, the amount of freight saving involved would have amounted to 23 compared with the . freight charges that were actually paid.N Most of the trucks sold last year were, as everyone knows, manufactured east of the Mississippi river.' In other words, Lmcoln is ' more favorably located, from the viewpoint of the truck absorbing territory, than any other city iAmericfa. This will alwaVs give Lincoln a marketing influence in this line of manufacture not enjoyed by other cities east or west. jAnd the body businessgoes hand in hand with the ' truck business naturally and logically. Figures Presented Two Years Ago if- ' '' - 1 Two years ago a good many investors in Lin coln and surrounding trade territory were told what $1,000 invested in different motor companies in thex early days of their operation had earned. It was ' estimated that history might repeat itsejr in con- nection with an investment in the He'bb Motors Com pany.. There were scoffers and doubters who looked ' wise and said nothing.. History HAS REPEATED and investors of two years ago and even ne year 'ago, have enjoyed an increment of from 60lper cent as a minimum1 to 263 per cent as a, maximum. 'As a reminder these figures are again quoted ', 1 ! Dividends in Automobile Stocks the Largest in the Worjd ; $1,000 invested in Federal Motor Truck Co!. 78,872 ; re- re- returnea in v years j;000 invested in Chalmers Motor Co. ' returned in 8 years............ 1,000 invested in Chandler Motor Co, turned. in 3 years. I. , 1,000 invested in Enger Motor Co. . turned m 7 years ,1,000 invested in Ford .Motor Co. of Can ada returned. in 11 years. .......... Nl,000 invested in H. H. Franklin Mfg.Co. returned in 9 years .......... ,. ... . 1,000 invested in Hupp Motfif Car Co. re-. turned in 7 years. .191-,200A i'lvuu uivesieu in raige-jjeiroit motor UQ. returned in 6 years..... 1,000 invested in Reo Motor Car Co. re turned in 11 years. . . . ... . ......... 56,462 (Autnonty Motor Stocks. 4th Edition Pub- ' 86,658 35,000 78,782 42,878 15-.813 20,080 ior six years, spj iar as tne motor trucK aemana was - snsnea oy oiattery &uo., New lork.) t j ..v. xviuiuuj uiiiic nu uiusc luvcisiuia WX1U Uc concerned, and they .knew beforehand just ,what could be accomplished by a modern, good-as-the-best factory here in the section of the country where ex ists the largest possible market for motor trucks. It should be remembered that the sixteen middle west states produced in 1919 two-Wiirds of the country's grain wealth and three-fourths of the coultry's live stock wealth. More-than half of the twenty-eight million horses and mules in this country are" owned on the. farms of these sixteen . middle west states.' Just 'so today, investors of 1920 are privileged to lie,ve in the future growth and development bf the motor truck and commercial body, business to join in this great enterprise. An investigation of the facts ano figures will cost you nothing. Hundreds have already invested because they realize what a really big industry is -growing here in our midst. You are interested, of. course. Why'not participate in the profits of a going concern. This is an oppor tunity, and an invitation. Fill in the attached cou pon and mail today, lest tomorrow be too late. - - CASH SUBSCRIPTION COUPON Gentlemen: , V I am enclosing my che"ck'for for which, please send me . . ..;;. .' shares Common Capital Stock of the PATRIOT MOTORS COMPANY, at $10 per share. y Signed , ' Address. Occupation N FORMATION COUPON Gentlemen: . ' "'' . Without obligation or my psrt I would like to have you send me further information about thi PATRIOT MOTORS COMPANY. v. Signed I . . . . Address Occupation r. , Make All Checks , and Address All Letters to ! Standard Securities Corporation FINANCIAL AGENTS 118 North Eleventh Street B-3431 Lincoln, Neb. (The Patriot Motors Company' of Lincoln, Nebraska, has received Permit No.' 051, frV0m the Bureau of Securities, Department of .UVg'ftnythi geneS Nebral") SCCUritie8' fa aCCrd''nCe Artide XX' Ch"pter . ; " .v. - ' ' . ' t v J 1 s , ......