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About Omaha daily bee. (Omaha [Neb.]) 187?-1922 | View Entire Issue (May 1, 1920)
'-if- id VjVrl-ili THg bflrJ! UMAHA. SAlUKUAt, MAI ,1,. 1VZV. 1 1 i Market,' Financial and Industrial 'News' of. 'the' Day Live Stock Financial ' Omaha. April 10, 1120. receipt wrrs: Caltle Hon Shsop . 4.IJJ , l,8t . 4, 0 10.143 . t.04 1MU . 8. ISO M.ZO . 1.100 1,400 .12. (li 64,711 .10.521 71,867 35.241 S.3'10 t.580 4.673 6.73 1.000 24.184 41.101 Official Monday Official Tundiv Official Wednesday Official Thursday.. Estimate Friday... Five day thl wk. ham day last wk. Ham day 1 wits, ato. 21.618 Ham day 3 wk. ago. 38,313 76.760 48,301 Sams day ysar ago... 25,401 81,666 33.48 1 Cattle Total rattle receipt today were leu than 1,000 hsad and for the five day round 22,500 compared with 38,800 a week afn and 15,400 a year ago. Steera old on about a eteady basis with a little more activity than on yesterday's market, t'owe and heiferi were alao unchanged and feeder were at about the aame price level aa earlier In the week. quotation on cattle; Good to choice beeve. 311.75! 3.00; faid to Rood beeves, 310 00(111.76; common t6 fair beevee, I. oo; (nod to choice yearltnfi. I.OO; tslr to rood yearllnta, 110.00 common to fair yearllnaa. 88.00 MO.0O; choice to prime hotter, 310.00 n 11.60: good to choice heifers. 18. 00 tr1 10.00; choice to prime cowa, 10.7611.00; (tod to choice, 37. 00 8. 00; common . to fair cowa, 14.60tr7.09; choice to prime fder. $1 0.00 11.00; good to choice feeder. 8.00ig 10.00; medium to good fcder,N 8.00.00; common to fall feeder. 17.008.00; good to choir stock m. 18.0010.60; fair to good stocker. 87.7C'i& 8.00; common to fair grade, 16 00 07.76; stork heifer. 37. 00ft S. 60; nock tow. $6.60Qi8.0O; stock calve. $8.00i9 10.60: Veal -calve. 39. 60 14. 00; bulls, stag, etc., 16.00011.00. BEEF STEERS. ioiiutm.7 f9.0010.no 18.00; co No. 23. 20, 14 18 56 40...... 21 10 3.1 24 14 21 i.... ZSA.... 677 29 Av. Pr. No. Av. .1084 10 75 15 807 . 875 II 25 13 880 .1088 it 60 . 41 1178 167 12 00 36 1063 1SS2 11 10 lilt 1341 12 30 . 18 1128 1404 12 80 STEERS AND HEIFERS 54 818 675 880 3 00 10 60 11 00 11 20 844 11 P.5 S23 11 60 12 0 27 17.. 24.. It.. 13.. 28.. 29.. 674 848 628 872 826 880 716 Pr. 11 00 11 50 11 SO 12 05 11 25 It 60 9 30 10 60 It 10 11 25 It 60 11 75 12 26 17.. 1.. 1.. .1076 738 ..1540 ..1620 tWS. I 00 11.. HEIFERS. 7 00 14.. BVjLLff. 7 60 1.. 25 1.. .1267 10 70 . 618 8 00 . .1410 ..1050 75 10 00 28. CALVES. .. 324 10 00 13 124 12 00 . 106 13 60 3 133 13 60 . 166 13 76 3, 206 14 00 STOCKERS AND FEEDERS. " . 716 8 40 Hogs "Receipt for Friday were oil mated at 131 load, or 8,400 head. The market waa a lifeless affair from the very atari, although prices during the early part of the session looked a trifle better than yesterday, poaaibly strong to 25a higher, covering the early sales. The market closed weak and not overateady. Bulk of tales was $13.60 14.60, with an early top ot $16.25. HOGS. h. Pr. No. Av. Sh. No, Av. 1U..3K4 68. .303 fit. .341 60. .293 64. .253 67. .S63 71. .243 3.. 384 '.. 75. .234 120 79., 243 ... 8S..176 40 150 12 60 120 U 85 390 14 00 . . , 14 10 14 23 14 35 14 45 14 60 14 75 14 90 15 10 Pr. 67. .344 110 13 75 60., 166. 13,0 13 95 140 70 64. .248 73. .267 60. .151 ' 57. .194 37. .255 66. .230 67. .205 83. .211 14 15 14 30 14 40 14 50 14 70 14 85 15 00 40 16 25 70 .80 40 Sheep Hardly enough lambs were re ceived for today's trade to afford a quo tnble market, only five or uix loads show ing up. Trade was active from the start at prices generally steady. Best lambs her com 72-pound wooled; Mexicans brought $19.60, today's top; ome good clipper moved at $17.35 and a few dirty fleeced ewe landed at $13.60. Good fat sheep continue scarce. A fair Inquiry exist for shearing stock and fat shear ing lambs are selling on much the same basis as in-hMween killers. One ship ment of wooled lambs weighing In the 50's went out on hhearlng account at $18.85. Quotations on Sheep and Lambs Lambs, good to choice, 8l8.00SH9.li0; lambs, fair to good, Ut8.25i918.00; shorn lambs, $16.75 Ml 7.60; shearing, $18.00S'19.00; cull lambs, $14.5017. 50; yearlings, $16.60i$17.50; wethers, $l5.00(Sil6.00; ewes, good to choice, $14,260)14.76: ewes fair to good, $13.50 14.25; ewe cull and common, $6.00 W 11.00. FAT LAMBS. No, Av. Pr. No. Av. Pr. lea . . i lit SHORW LAMBS. SO fed.. 87 17 25 325 fed.. 78 17 35 BROKEN FLEECE LAMBS. 11 fed.. 68 17 50 . . Hioux City Live (Stock. Sioux City, la., April 20. Cattle Re cilpls, 1.600 head; market steady to wenk; beef steers, choice fed, $11. on 1.1.25; short fed, $9.60!$ 10.75; fed year lings, $9.00613.60; beef cows. $1.5(1. 50; fat cows and heifers, $8.00912.00; can ners, $3.O06i.00; very calves, $7.00 12.60; common calves, $6,000)9.50; feeders. $$.50&10.50; stockers, $7.00i310.00; feeding cows. $5.007.00; stock heifers, 36.00 8.60. Hog Receipts, 9.500 head; market 25o lower: light, $14.00H4.65: mixed, $13.75 014.40; heavy, fl3.2514.00; bulk, $13.76 14.50. Sheep and Lambs Receipts, 600 head: market weak. Chicago Tribune-Omaha Bee Leaned Wire, New York, April 30. Trading in stocks slackened appreciably today as compared with preceding days of the week and sufficient short covering occurred in advance of "the holiday to impart a generally firm tone to industrial shares. Dealings were of the hesitant order and ac companied by much irregularity. It was a matter of favorable comment, however, that the bears were not moved to push their success of Wed nesday and Thursday further and little was said of the liquidation of long stock. What might have seemed provoca tive of additional selling for the short account was a rise' of calf money to 15 per cent, equalling the maximum of two weeks ago. The market ignored this fresh demon stration of restricted credit, and ap parently was not affected by a re sumption of the decline of Liberty, bonds. Cotton was unsteady but the grain markets recorded higher prices under fairly large buying centered in the Chicago district. Industrial Share Prop. The trading week ended today waa a harvest tlm for operations aimed at the downward side of prices, some of the In dustrial shares being carried lower than In the briak of lust November. That a great deal of the pressure was of the artificial order was shown in the preval ence of familiar bear Influences in the rumor market. In destructive gossip the shortage of credit in many directions was amplified to a degree which aroused sus picion f effort to make the situation. as unpleasant as possible for holders of stocks, thus' hastening liquidation. The question might well be raised In the light of today's stability of quota tion whether this sort of thing had not been much overdone, carrying short sell ing to a point where a recovery was In order. Basic fact of industry and trans portation have not been altered by the fall ot stocks. Receive Good Reports. From all sides continue to come reports of goods shortages which will require active production for a long time to come, even though the feverish consumption of the last twelve month has lost some ot Its edge through the medium of extra ordinary prices. The railroads have suf fered and are still forcing from the recent strikes, but current congestion of ter minals Is being cleared away and when condltlona become normal again there is no reason why the Interrupted Improve ment of railroad facilities should not be renewed. The news from Washington In dicates that punitive taxation to raise soldier bonuses I being sidetracked and from the highest office of organized labor has come In the last few days the pre dictions that (genuine labor unrest will shortly be oni the wane. - These observa tions alter not at all the fact that credit is scarce snd costly, with the probability that it will continue so far a long time, which impels business to move conserva tively and warns speculation to go slow but does not warrant a gloomy outlook for the balance of the year. Sterling exchange was. free of the sharp swings of Thursday but developed a weak tone at the opening, which continued to the close of business. The demand rate st $3.82 recorded a net decline of 2V4c. Belgian. French and Italian rates sold off. In none of the markets were there developments out of the ordinary Chicago Lie Stock. Chicago. April 30. Cattle Receipts, 9,000 heai; beef steers, steady to 26c lower; top. $14.00; bulk of sales, J11.26 13.00; butchers. 255flc lower, with' bulk of sales at 3R.51frlO.50; canners, weak, mostly 35. no 5.50: calves, weak: best vcalers. 812.50(15.25; feeders, steady. Hogs Receipts, 24,000 head; steady to 16c lower than yesterday's average; close, strong: bulk of lights, $16.25ifi15.SO: hulk of 250-pounder nd over. $13.8514.80; pigs, 25c lower, with bulk of 120 to 125 pounder at $13.5014.50. Sheep and Lambs Receipts, 6,000 head; market, steady: best shorn lambs, $1 7.110 (ft) 18.10; choice prime wooled lambs, $20.26f 20.40; choice shorn 1 and I-year-old weth ers, $14.50. ; " Kansas City Live Stock. Kansas City, Mo.. Apjhll 30. Cattle Receipts, 1.400 head; no native beef steers on sale; southern steers. steady: top, $11.50 bulk. $10.2510.r,0; yearlings, steady to 25c lower: leap, $13.75; bulk, $11. 50 13.00; other stock, steady. Hogs Receipt, 3(400 head! lights and mediums steady; top, $14.65; heavies, slow and weak: hulk lights and mediums, $14.00 8I4.6A: bulk heavies, $13.50(fi14.00. Sheep and Lambs Receipts. 1,000 head; market slow; wool lambs. 1525c lower than yesterday's general trade; best 83-pound wool lambs, $19.20; Texas weth ers, unsold. lit, Louis Grain. St. Louis. April 30. Corn May, $1.78 ; July, $1.68 (jats May. $1.06jJTuly93c. New York Quotations ' Omaha Grain Range of prices f the leading stock furnished by Logan & Bryan, Peter Trut building: HlghS Low. Close. A, T. &J0, Y. 79 ' 79 79 Baltlmuru & Ohio...,,.. 13 SIS 21 Canadian Pacific 117 117 117 N. T. & H. R 704 69i Erie R- R U4 12 lit Ot. Northern, pfd 71 V 71 73 Chi. Ot, Western 81 H tt Illinois Central 85 86 15 Mo., Kan. Tex TH lt 1 Kan. City Southern 15S 14 16 Missouri Pacific f. 24 31H 24 N. T W. H. H 26 27H 28 North. Pacific Ry 744 74 74 Pennsylvania R. R 40 iK 40 Reading Co 85 . 8S', 84 C, R. I. & P 32V 31 31 Southern Paclflo Co... 95 93 4 94 Southern Railway 20 20 30 C. M. & 8t. P... 32 32 82 Union Pacific 117 116 116 Steels Am. Car ft Fdry 132 1301 112 Allis-Chatmers Mfg 35 34 15 Am. Loco. Co 93 92 83' Utd. Alloy Steel Corp.. 44 44 44 Baldwin Loco. Work... 118 110 118 lleth. Steel Corp 88 86 88 C. F. A I. Co 16" 16 35 Crucible Steel Co 147 140 147 Am. Steel Found 40' 39 40 Lackawanna Steel Co... 77 75 77 Mldvale Steel A Ord... 43 43' 43 Pressed Steel Car Co... 96 95 96 Rep. Iron Steel Co... 94 92 93 Railway Steel Spring... 91 90 .91 Sloss-Shef. Stl. Iron.. 66 65 85 United States Steel 95 93 95 Cbpper Anaeonda Cop. Mln 68 66 66 Am. Smlt. & Rfg. Co.. 69 68 59 Rutte & Sup. 'M. Co... 23 22 23 Chile Copper Co 16 16 18 Chlno Copper Co....... 32 81 32 Inspiration Cons. Co.... 62 62. 52 Kennecott Copper 28! 27 28 Miami Copper Co 21 20 21 Nev. Cons. Cop. Co...... 13s 13 13 Rey Cons. Cop. Co....'. 17 17 17 Utah Copper Co 70 68 69 Industrials Am. Beet SugSr Co 92 91 92 At.. G & W, I. 8. S.,.148 145 148 Am. Internet. Corp..'... 89 88 , 89 Am. Sum. Tob. Co 87 86 86 Am. Cotton Oil Co 44 44 44 Am. Tel. & Tel 95 93 94 Am. Zinc, Lead ft Smlt.. 16 15 16 Bethlehem Motor 23 21 23 Am. Can Co 40 39 40 Chandler Motor Car 143 140 143 Central, Leather Co 73 71 72 Cuba Cene Sugar Co... 49 48 4J K. Cay. Packing Corp ..75 75 75 Cat Petroleum Corp.... 30 30 30 Corn Product Rfg. Co.. 96 93 95 Nat. Enam. Z Stamp.... 73 . 71 73 Flsk Rubber Co . 31 31 31 "1 Oen. Electrlo Co 146 146 1454 Gaston Wms. A Wig.... 13 13 11 General Motor Co 296 286 295 Goodrich Co 66 64 65 4 Am. Hide ft Leather Co.. 19 19 19 Haskell ft Brkr. Car.... 63 60 63 U. S. Ind. Alcohol Co.... 86 83 International Nickel .... 89 19 19 International Paper 73 68 69 AJax Rubber Co 67 65 66 Kelly-Springfleld Tire... 109 108 109 Keystone Tlr & Rub.K. 31 30 21 International Merc. Mar. 32 31. 31 Maxwell Motor Co 29 28 18 Mexican Petroleum 169 167 168 Middle States Oil 32 31 S3 Ohio Cities Ga 40 39 39 Pierce Oil Corp.......... 16 J , Pan-Am. Pot. Trans.. 92 81 9l Pierce-Arrow Motor 67 54 56 Royal Dutch Co 109 107 109 U. S. Rubber Co 99 97 98-4 Am. Sugar Rfg. Co 128 127 128 Sinclair Oil ft Rfg 35 34 J6 Stromberg Orb. Co 76 72 73 Stu.leh.ker Corp ,..109S 1MJ4 1J Tob. Product Co J4 68 i Trans-Continental OH ... 1 14 15 Texas Co 44 4 J 44 IT. S. Food Pr. Corp J 62 6.) U. S. 8m., Rfg. ft Mln.. 62 63 63 The White Motor Co 66 65 65 wnson Co.. mc ,, ,;5i Westlnshous Airbrake. .114 113 113 Westinghouse Electric... 49 48 49 Willys-Overland Co 1 " Am. Woolen Co ...121 113 114 Total sales, 906.800 shares. Money 15, 8, 15 per cent. New York Money. New York, April 30. Mercantile Paper Unchanged. fterilng ilxtyday bills. $379: commer. Hal 60-day bills on banks. $3.79: coml merclal 69-day bills, $3.78; demand, 3.83; cables. $3.84. , Fames Demand. 16.70; cable. 16.68. Belgian Franc Demand, 15.62; cables, 1 "Guilders Demand, 36c: cables, 36c. Lire Demand, 22.22; cable, 22.20. Mark Demand, 1.74c; cable, 1.75o. Bonds Government, weak; railroad, Iiph vy Time Loans Strong; 60 days and six months, 8 per cent. , Call Money Strong; tllgh, 15 per cent; low. 8 per cent; ruling rate, 8 per cent; closing bid. 14 per cent: offered at 15 per cent: last loan, 15 per cent; bank ac ceptances, 6 per cent. " liberty Bond Price. New York, April 30. Prices of Liberty bonds at 11:45 a. m. today. were: 3s, 92.32; firsts 4s, 84.80; second 4s, 85.32; first 4s. 85.88; second 4l. 85.32: third 4s. 89.98; fourth 4. 86.84; Victory .1Mb, 96.50; Victory 4, 96.60. Final prices of -LIKerty bond today were: 3s, 92.80c: first 4s, 84.60c; second 4f, 85.30; first 4s. .85.60; second 4s, 86.60; third 4s. 90.00; fourth 4s, 85.84; Victory 3s, 96.40; Victory ?4s, 96.60. We Own and Recommend for Investment New Issue , $1000006.00 Orchard & Wilhelm Company 7 Cumulative Preferred Stock Price 100 and Accrued Dividends $346.00 Net Tangible Assets per share. The Company. Earnings 9Ve times the Preferred Stock Divi dend requirements, in cluding this issue. Sinking Fund. Safeguards. Tax' Exemptions. The Net Tangible Assets available for this stock are over 11,126,049.92. The Orchard & Wilhelm Company is an old and well established business and has been ably and conservatively managed since 1893. The company's earnings for 1919 were. 13 times the dividend requirements on their out standing preferred stock. i The sinking fund provides for redemption of $12,500.00 annually at the market or by call at 107 beginning July 1st, 1923. Ten per cent of the company's earnings each year are set aside for the retirement of this stock. This fund already amounts to $30,801.57. No additional Preferred Stock can be issued except by the company increasing its Common Stock or Surplus to the amount of $200.00 for each share of Preferred Stock to be issued. No mortgage may be placed on any of the present assets without the consent of three fourths of the Preferred Stockholders, voting at a duly authorized meeting. V The stock is tax exempt to the Nebraska hold ers and exempt from the Normal Income Tax. DETAILED i CIRCULAR ON REQUEST. ffW miAuiA. Tniicr nhl up The Progressive-Conservative Trust Co. Orchard 41 Wilhelm Company of Omaha, Nebraska, ha received permit No. 724 from the Bureau of Securities, Depart ment of Trade and Commerce of the State of Nebraska, authortainar the sale of the rseeuritie herein described, in accordance with .Article XX. Chapter 180. Session Laws of 1919 and th general laws of . tht State of Nebraska. Omaha, April 30, 19:0. Trading was very low and up to a late hour only a small part of th offer ings had been marketed. Seller demand ed higher prices which buyers were reluctant to, pay. Wheat ranged un chonged to a cent higher. Corn ranged unchanged to 8 cents generally lc to 2c higher. Oat prices were to 1 cent higher, generally c to lc advance', No. S white brought 81.04, the highest In the history of the market. Rye was nominally higher and barley unchanged. Wheat No. 8 hard. 1 car. $2.86: 1 car, 12.86; No. 3 hard, 1 car, $2.79; 1 car, 82.76; 1 car; (2.76, (smuity); No. 4 hard, 1 car, $2.74, (smutty); No. 5 hard, 2-8 car, $3.70; (ample hard, 3-5 car, $2.87. Corn No. 2 white, 1 car, $1.71; No. 8 white, 1 car, $1.6$; 1 car. $1.67; No. 4 white, 1 cars, $1.66; No. 5 white, 1 car, $1.68; 1 car, $1.68, (dryi; No. 3 yellow, 1 car, $1.72; No. 3 yellow, 2 cars, $1.69; 1 car, $1.69, (shipper's weight); No. 4 yellow, 3 cars, $1.66; No. mixed. 1 car, $1.66; 1 car, $1.66; No. 4 mixed, 1 cars, $1.63; sample mixed, car, $1.10. Oats No. 3 white, 2 cars. $1.04. OMAHA RECEIPTS AND SHIPMENTS.. Today. Wk. Ago. Yr. Ago. ....& ....3:1 ....26 ....16 .... 2 ....65 81 4a 18 74 11 71 61 SI 41 20 , 8 ' ' 1 .2 C2 !;s us 24 40 15 a 4 Receipts Wheat Corn Oat' Rye Barley Shipment Wheat .... Corn Oats Hy Barley 3 OMAHA CHAIN INSPECTION. . The number of cars of grain of the sev ral trade Inspected "In" here during the past 24 hours follows: What No. 1 hsrd. 4; No. 2 hard. 12: No. t bard, 15; No. 4 hard, 8: No. 6 hard, I; (ample hard, 6; No! 2 mixed, 1: No. 4 mixed, 2; sr.niplo mixed, 2; Total is. Corn No. 2 white. 1; No. 3" white, 9; No. 4 white, t; No. 6 white. 1; No. 2 yel low, I; No. 3 yellow, 9; No. 4 yellow. 6; No. 6 yellow, 1; sample yellow, 1; No. 3 mixed, 8; No. 4 mixed, 3; sample mixed, 1; Total 47. Oats No. 2 white, 1; No. 3 white, 21; No. 4 white, t; sample white, 1; Total, 28. Rye No. 2, 4; No. 3. 6; No, 4,! 3; sample 1; Total, 14. I , B. W. Snow report eays: The Snow cro report make the condition of winter wheat 77.2 against 77.1 a month ago. Th con dition ha materially Improved In Kansas, Nebraska and Important sections of Okla homa, but this improvement is offset by a better appreciation of the damage actually already sufefred in the Mississippi and Ohio valleys. Low temperature and an abundance ot moisture has improved plant vigor. The spring brood of hessian file ha not yet developed so that the crop has this serious factor yet to con tend with. The loss from winter killing equals 11 per cent of' the seeded area reached 4,038,000 acres and leaving the acreage for harvest 34,462.000 acres, against a harvested area last year ot ap proximately 60.000,000. The winter killing Is materially above the, average larger than exepoted a month ago. - Present acreage and condition upon the bast of previous experience would Indi cate a crop, possibility of about 482,000, 000 bushels, or 20,000,000 bushels less than was Indicated on April 1. Oat seeding is very late and lack of time and shortaKe of labor will materially reduce the acreage Preliminary estimates of luy agents make a probable total area of less than 20,000. 000 acres, against 22.868,000 harvested last year. Much oat seeding Is yet to be done and the area seeded has been put in un der unfavorable soil conditions. Tho to tal acreage will not reach last year's fig ure. Shortage of labor and high prices for and difficulty in obtaining seed is ex pected to result In a decreased potato acre- aMor grain remains In the hands of Kansas farmer nq,w than In any April in the last four years, according to a report issued by . the secretary of the Kansas State Board of Agriculture. The reports give the car shortage a the reason for this condition. Normally from 3 to 6 per cent of the wheat produced annually is In the hands of the farmers at this time but on April 17 the reporters of the board estimated 21,934,000 bushels. 6V 16.05 per cent of last year' still in producers hands. This was 16,000,000 bushels, more than at this time In any of the three proceeding years. The report shows 10,797,000 bushels of corn on hand or about 20 per cent com pared with 8.7 per cent a year ago. Fig ures also show 6,666,000 bushels of oata; 2.927,000 bushels of barley and 6,310,000 bushels of -grain eorghum. Minneapolis: Farmers In tho north west have suffered further setbacks In their spring work. Seeding Is about two weeks later than last season, many locali ties not even started. This condition exists principally in' the northern and western parts of the territory. From preaent indications the entire spring wheat acreage will show a con siderable decrease from last year. Many are planning on seeding what they can without outside help. From present Indications point to on of the largest acreages of oats and corn the northwest has ever had. There has been a shortage ot feed and the farmers are anxious to protect themselves for the coming aeason. No Time Set for Wheat Opening No decision as to the time of reopening of the wheat market for future trading was reached at the conference of representa tives of leading exchanges and other or ganisations, here yesterdsy. The meeting wa a unit in its action and considered all Interests. Its full decision will not be glvn out until J. H. Barnes, wheat director, has it in hand and can advise with authorities at Washington. Thirty representatives of leading grain Interests were present; it was decided to send a message to President Wilson asking that the two vacancies on the-Interstate Com merce commission be filled at once as bus iness interests of the country are suffering from hi delay. Th month of April was with five ex ceptions, the wettest known for 60 years. Twenty-one of its 30 day brought either rain or snow, the total amount of precipi tation during the month being 4.47 inches It Is pointed out by the weather depart ment that the April of1910 was the ban ner month of the lasf half century, 7.7 Inches precipitation being recorded. . Money scarcity to continue: According to statements of prominent Chicago bank ers before the state utilities commission yesterday, high money rates are to con tinue for a long time. Not In 15 years has there been such scarcity of capi tal the world over. Chicago utilities companies, it wa stated, could not se cure additional .capital for needed exten sions at 10 per cent and some of them at' 20 per cent. On banker stated that he would feel much easier If the loans of hi bank were Owntd and Recommended by Home Builder, Inc., of Omaha, Neb. We Offer 6 .' First Mortgage Bonds $250 . Denomijnationt $500 $1,000 $5,000 Tax-Free in Nebraska . They are lecured by newly im proved business property, centrally located in Omaha, which will be oc cupied by it owners. These bonds bear 6 interest, payable semi annually and convertible on option of purchaser, any time after one year upon 80 days' notice filed on any Interest date. Maturity, 1923-1927 American Security Company 18th and Dodge St., I OMAHA, NEBRASKA C. A. Rohrbough, Pre. C. C. Shimer, Sec. Chicago Grain By CHARLES D. MICHAELS. Chicago Tribune-Omaha Bee Leased Wire. Chicago, April 30. Strength in May corn and oats, due to covering by unlicensed shorts, more than off set very disquieting financial re ports ,and with wet weather, prices advanced and closed about the top. May corn at the top showed 5-fjC above the previous close and fin ished, at $1.77!, a new high on the crop, while May oats wereiup 'ic at $1.00J4, the highest on record. Deferred deliveries of corn gained 2A2lc and oats SBlsC " 7iwys minx uaiirjr Vic higher. Local sentiment was very bearish early but thf Inside figures on both corn and oats were only ;Vc under the previous day's close. Some of tho recent bears became frightened over the continued rail strike which ha been renewed in the east and the wet weather In the west and took the bull side for a turn. An oversold con dition waa disclosed toward the last and the advance was easily attained. Grain in Acreagjs. December corn sold at 16c under Sep tember, against 13c recently, reflecting the prospects of Increased acreage. Private returns sugegsted a gain of 6 per cent, which would make the total 108,000,000 acres. General run of reports on oat seeding were slightly more optimistic, although all hope ot a big inorease in the acreage has been abandoned. A keen demand prevailed for rye flour at the seaboard. The Norwegian gov ernment bid 111 per barrel for 60.000 barrels aurl some business Is said to have been put through. Export bids in the west for May-.Iune shipment were 20c over July, track Baltimore. Two northwestern mills, reported to have sold their entire output of rye flour up to next September at old crop prices.' Minneapolis wired late In the day .that It was understood that hanks there refuse to loin money to pay tor grain delivery on May contracts. f ,' Barley Advances. Barley advanced 2c on spot to a new high on the crop, with sale at 81.608) 1.82. Export demand for cash wheat waa very brisk with prices the highest on the crop. Sales were made at $3,22 f. o. b. New York, while bids of $3.08,jtrack New York and the gulf failed to result In much busi ness. Chicago sold 306.000 bushels Nor 2 hard at 32.95 c. I. f. Georgia bay porta. and chartered room for that quantity. Cash corn wa In fair demand witn prices unchanged to 4c higher, latter on yellow. Oats l2o higher with No. 2 white lllH4c over Jdayi By Updike drain Co., Doug. 2627. April' 30. Art. Corn May .luly Sept. Ry May July Oats May July Sept. Pork May July Lard May July Sept. Ribs ' May July Open. High. Low. Cloe. Teat. i f ' 1.74m I-" 1.724 1 78 1.72 1.64 1.66 1.62H 1.65H 1.6S 1.66KI 1.58 1.56 1.58 1.65 2.0'J 2.10'i 2.05 2.1014 2.06 1.98 2.00 1.98 2.00 1.99 ' 1.00 1.01 .99 1-00 .99 .88 .89 .87 .89 .87 .75 -75 .74 .75 .74 34.75 35.12 34.70 35.05 35.05 36.65 38.00 36.40 37.00 36.85 '19 65 20.00 19.55 19.90 19.62 20.50 20.70 20.36 20.70 20.40 121.20 21.40 121.10 J21.37 21.17 117.50 11.75 117.40 119.70 17.60 18.40 118.70 118.30 18.70, 18.42 reduced 25 per cent. Another atated that His bank was making no loans for new enterprises including building and real estate loans. Minneapolis Grain. Minneapolis, April 30. Flour Un changed. Bran 352.00. Wheat Cash No. 1 northern, 13.06 3.15. Corn $1.67g1.68. Oats 11.001. 01. I Barley 31. 3S(S 1.69. Ilye No. 2, $2.03 2.04. Flax No. 1, $4.62 4.67. Kansas City Grain. Kansas City, Mo., April 30. Corn May. 81.66: July. I1.2l.3; July, $1.55; September, 81.65. Bonds and Notes Quotations furnished company. by Peier Trust Bid. Asked. 93 93 93 93 96 98 99 100 99 100 99 100 99 100 98 Am. Tel. & Tel. 6s. 1924 Am. Tel. & Tel.- 6s. 1935... Am. Thread 6s H.'S ....... , Am. Tobacco 7s, 1930 Am. Tobacco 7s, 19S1... Am. Tobacco 7s. 1922..,.,.. Am. Tobacco 7s, 1923...... Anaconda Copper 6s. 1929... Anglo-French Kxt. 6s. 1930. Armour Co. Con Deb. 6s, 1920 98 Armour Co. Con. Deb. 6s. 1921 98 Armour Co. Con. Deb. 6s, 1923 98 Armour Co. Con, Deb. 6s, 1923 98 Armour Co. Con. Deb. 6s, 1924 98 Beth. Steel Co. 7s, 1922....'.. 99 Beth. Steel Co. 7s, 1923 98 British 6, 1921 95 Canada 6s 1926 89 C, B. ft Q. 4s. 1921 94 Cudahy Pkg. Co. 7, 1923 97 Hen. Electric. Deb. 6s, 1940.. 98 Ot. Nor. Ry. 6s, 1920 Inter, R. T. Co. 6s. 1921.... K. C. Term. 6s. 1923 Lehigh Valley 6s, 1923..:.. Liggett & Myers 6s, 1921.... Proctor & Gamble 7s, 1920.. Proctor & Gamble 7s, 1921.. Proctor & Gamble 7s, 1923.. Proctor & Gamble 7s, 1923.. Russian Rubles 6s, 1936.. So. Railway 6s, 1920 Swift & Co. 6s, 1921. Union Pacific 6s 1928 U. 8. Rubber 7s, 1923 Wilson Conv. 6s, 1928... West. K. A M. 6, 1920 First Liberty 3 First Liberty 4s Second Liberty 4s First Liberty 414s..... Second Liberty 4s Third Liberty 4Va Fourth Liberty 4ls Flttn LlDerty 4s 98 68 92 98 99 99 99 99 99 99 98 96 4; 90 94 IV- 99 69 94 96 96 96 99 100 99 100 99 100 89 100 37 41 93 ' 94 97 97 97 98 100 102 89 90 98 99 , 93.00 , 86.00 , 85.00 86. 14 , 85.50 90.63 8S.!0 96 ;,0 Fifth Liberty 3s 97.00 ' Omaha Hay Market. Receipts of both prairie hay and alfalfa light, and. with the demand being good on prairie hay, the market has advanced on all grades. Alfalfa continues steady with no change In prices. Oat and wheat straw Bteady. No. 1 upland prairie hay, $23.0025.00; No. 2, 3:o.0023.00; No. 3, 815.0018.00. No. 1 midland prairie hay, 322.0024.OO; NO. 2, $20.0022.00. No. 1 lowland prairie hay, 815. OOTfj 17.00; No. 2 tl0.0013.00; No. , 89.00 610.00. Choice alfalfa. $33.0034.00; No. 1, 31.0033.00: standard, I36.0030.00; No. 2, 819.00 22.00: No. 3, $14.0016.0. Oat straw, I10.0013.00; wheat straw, J9.50i;.60. Stock ' Fluctuation. The following quotation are furnished by Logan ft Bryan, members of all prin cipal exchanges, room 100 Peter Trust building (formerly Bee building) Seven teenth and Farnam streets, Omaha, Neb.: Chicago Stocks. Armour. Co., pfd '. ,.i95 Cudahy Pack. Co., .com.... 93 Continental Motors 10 National Leather.. 12 12 Dun's Trade Kevlrw. Now York, April JO. 6un' tomorrow will say: "Impediments to acaasonal business de velopment are both varied In character and far-reaching In their Influence, and tho recent slowing down of conditions has been progressive! and practically general. "Relief from the railroad congestion ha permitted resumption of work at some plants where' suspensions had been forced through lack of essential materials, but freight movements are still retarded and production more or less disorganized, and not a few transactions that might other wise be consummated are of necessity be ing held in abeyance. "While the restraint Imposed by Inter rupted transportation alone is sufficient to appreciably curtail activities, there are the added elements of present abnormal prices and tightening of money markets, and the backward spring in most sections 1 having no Inconsiderable etfsct In, limit ing operations. "Weekly bank clearing, J7,6,900.!." Bank Clearings for April In Excess of Last Year Bank clearings for April totaled $.M 5.273,87 J as compared tp $228, 585.121 in April of 1919. Last month's total was $393.194,006. lndn Money, London, April 30. Bar Silver 64 d per ounce. Money 4 per cent. Dlsijmnt Rateer-Shorr, II T iff 6 per cent; three luonths, 6fr6 per cent. New York Sugar. New York, April 30. Usw Sugar Firm; centrifugal, 19.56i Refined, firm; fin granulated, tl7.506!3.00o. j Linseed Oil. J Dululh. Minn., April f4.C34'4.8. 30. Llnsqed- Ct J, is Phone Douglas 2793 Wt Will iqtia Vbtr Offlctcoipl OMAHA PRINTING COMPANY tctk uihit UMtuitns truiiiM OMMIK ewiuM l3hS.M FARNAM Commercial PRiHTERS'LiTHOGRAHERs -steelDie Embossers LOOSE LCAF DEVICES Reo Motor Car Co... Swift & Co , Swift International Union Carb. & Carb. Co.. .113 ,"tl . 24 113 ,S 36 2 New York Curb Stock, Boston Montana Boston Wyoming Consolidated Copper ... Elk Basin Olenrock Oil Houston OH t... Island Oil Merrlt Oil Midwest Refining Co.., Sapulpa Oil Slmms Petroleum U. S. Steamship ....... White Oil 90 .13-16 4 4 8 . 2 S 3 80 & 85 6 H S4 U 16 143 144 5 5 19 St 19 2 2 25 26 New York Metals. New York, April 30. Copper Dull; un changed. Iron nd Antimony Unchanged. Tin Spot. 861. 50t May-July. 160.50. Lead Dull; spot, 9.12c; July, 8.75c. Zinc Quiet; East St. Louis, spot, 7.85 7.95c. At London Spot Copper 101, 17s. 6d ; electrolytic. 111; tjn, 1345, 6s; lead, 40; zinc, 46. 15s. St. Joseph Live Mtock. St. Joseph. Mo., April 30. Cattle Re ceipts. 1,600 head; murket alow and steady; steers. 810.00 14.00; cows and heifers. $4.5013.75; calves, $6.0011.6O. Hogs ReceiDts. 4.000 head: market 25 cents higher; top, 815.10; bulk, 314.00y jo.uo. Sheep and Lambs Receipts, 1.500. head; market, mostly directs, steady; IsmH 118. 60019.50; ewes. 813.75lgil4.50. UPDEKE SERVICE We Specialize in the Careful Handling of Orders for Grain and Provisions FOR i FUTURE DELIVERY IN All Important Markets . WE ARE MEMBERS OF- Chicago Board of Trad St. Louis Merchant Exchange Milwaukee Chamber of Commerce Kansas City Board of Trad Minneapolis Chamber of Commerce Sioux City Board of Trad Omaha Grain Exchange WE OPERATE OFFICES AT CHICAGO, ILL. MILWAUKEE, WIS SIOUX CITY. IA. GENEVA, NEB. HOLDREGE, NEB. , DES MOINES, I A. OMAHA, NEB. LINCOLN, NEB. HASTINGS. NEB. 1 ATLANTIC, I A. HAMBURG, IA. All of the office ar connected with each other by privata wire. 3. We are operations large up-to-date terminal elevators in the Omaha and Milwaukee markets and are in position to handle your shipments in the best possible manner i. e., Cleaning, Transfering, Storing, etc.- ( .It wilf pay you to get in 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 and SIOUX CITY Every Car Receives Careful Personal Attention The Updike Grain Company THE RELIABLE CONSIGNMENT HOUSE AIRCRAFT for Business Use THE adaptability of aircraft to practical business purposes has become an established fact. Business men are coming to look on this swifter, cleaner method of travel as essential in the operation of a successful, up-to-date organization. The reason for this acceptance is the proven DEPENDABILITY of the more recent types. The NAVY, through the stress and strain of War, has learned valuable lessons which, incor-, porated in the construction of seaplanes and flying boats, have produced marvels of DEPENDABILITY. They are offering several hundred of these latest model seaplanes, many of them still in the original packing cases, at phenomenally low prices. These seaplanes and flying boats, having passed rigid NAVY inspection, are probably the most dependable type of aircraft in the world. They are not toys nor experimental jobs, but are similar to the types used by the NAVY today. They have low fuel cost per passenger mile, long flying range, and are able to withstand the waves and weather. These 'planes are 1 ALL NEW - NEVER HAVE BEEN ELOWN Seaplanes already purchased from the Navy have proved good investments as passenger and express carriers. They have ren dered valuable aid to lumbermen in cruising tracts of timber land and fire petrol They have been used by fisherman in locat ing schools of fish, are daily demonstrating their value as mail and express carriers and in countless other ways. This is not theory but fact. 'Planes are being used in each of these lines . . of business endeavor with marked success; some of the most successful business' planes were purchased from the NAVY. They are selling them only because of their being an over stock caused by the reduction of the Navel forces with the ending of the War. Read the following list: HS-2-L FLYING BOAT: Pusher biplane: Libsrty engine of 330 H. P., wing ipread 74 feet; maximum spaed 85 miles per hour. Sale price $6,160. . H-16 FLYINO BOAT T Tractor biplane;' two Liberty engines of 330 H. P. each; wing spread 05 feet; maximum speed, .95 miles per hour. Sale price $11,053.' ' F-5-L FLYING BOAT:" Twctor'Hplanel two" Liberty engines of 330 H. P. each; wing spread 104 feet; maximum speed 37 miles per hour. Sele price $12,400. MODEL 40 FLYING BOAT: Pusher biplane Curtiss 100 H. P. engine ; wing spread. 48 feet; maximum speed 70 miles per hour; sale price $4,000. AEROMARINE 39-B SEAPLANE: Tractor biplane; Curtiss 100 P.P. engine; wing spread 47 feet; maximum speed 72 miles per hour; sale price $3,000. This seaplane has been en dorsed by navy fliers as one of the safest and most easily operated type of aircraft A manufact urer has placed on the market a set of wheels and tail skids which, substituted for the pon toons, converts this plane into a land machine. BOEING SEAPLANES: Tractor biplanes; Hall - Scott ' engine ; wing spread 44 feet; maximum speed 73 miles per hour. . Sale price $2,000. ENGINES: In addition to those in the 'planes, Liberty, Curtiss, Hall-Scott, Renault and others; spare parts for most of ,the above 'planes are available to pur chasers. BALLOON : Captive balloon used for ob servation purposes. Sale price $2,500. A demonstration of the usefulness of the type of 'planes offered for sale occured at Miami, Florida, recently. An H-16 flying boat, purchased from the NAVY, after slight modification (costing about $1,000), carried fourteen passengers in addi tion to the pilot and the mechanician from Bimini, in the Bahama Islands, to Miami, Florida. The distance was forty miles. This plane and others have been flying commercially from Miami for several months with profitable returns. What has been accomplished by the H-16 can also be accomplished by the F-5-L flying boats and others of similar construction. As these 'planes can be used for 'cross-country flights as well as 'cross-water flights, wherever there are canals, river or lakes, they have come into favor in the middle Western states as strongly as they have on either the Atlantic or Pacific Coast. Here are tome of the everyday usee to which these'p fanes can be put Mall and Espreaa aian. Paweaear eafrjrins air tasla. Engineering HmU en nirraya. Parrell trenapertatiea in aainiag areaa. Daitoarr of wapapare, Publicity and AeVeHMas. Travel between wnMv operated eil fields Location el eaneoki ef flak. Foreat patrols lecatine f ereat fires, etc. Quick deUrer of nwdkiaes and seren fat onldoBlca. , ArcUtectanal stadUe of WUbn. M nttVVatVVBMsn i (or Wa aaeTckants and Do! end etfcer Service veUcUe for Docteni PneeaeranhF end Metlea Fictnre Commuting. ( Vacation tripe. Sports. Aid te Studr of Astronomy. Adhneta to ooUea mmd flra danartia Summer i sin Is and amusement narks. ORDERS WILL BE ACCEPTED FROM THIS ANN0UCEMENT Although the surplus offered for sale is exceedingly large, allowing the choice of more than ten different types of seaplanes and flying boats, it has becomes apparent that this surplus will prove inadequate for the demand. Several lots included in the sale at the start have been completely sold out and orders are piling up every day. We therefore advise that you order direct from this announcement, or wire immediately for further particulars. Terms of sale: A,deposit of five per cent of the purchase price at the time of order balance to be paid within thirty days of the time of acceptance, deposit to be certified check or money orders drawn to order of the Paymaster General of the Navy, or by bond of surety company acceptable as surety on Federal bonds. For those wishing further information, AN ILLUSTRATED CATALOG WILL BE SENT FREE ON REQUEST. Send your order, deposit or requests for catalog to the ' v Bureau of Supplies and Accounts NAVY DEPARTMENT Washington, D( C -1 - jnnn b'- mum il.-nA K-.-iev,
