THE. BEE: OMAHA, FRIDAY, MAY 14,'. 1920.
11
BARNES CALLS
w nnnrcncMnr nn
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wwaen ssesaessi ewea wis
GRAIN QUESTION
v . Invites Cabinet Officers, Con-
gressmen and Railway Off i
V cials to Meet in Wash
;f ington May ,19.
-Washington. May .13. Cabinet
. 'Ottlcers;; members. 61 congress and
7 the Interstate Commerce commis
"j sion and railroad officers have been
1 f invited by Julias H. Barnes, head of
the United States Grain corporation,
"n to confer with him here on May
19, to distfuss plans for meeting
.'."'the situation resulting from the
.termination of the grain corpora-
f tion on June 1.
"The approaching termination of
;y the three-year jstabilizing influence
- j of the grain, corporation requires
, most earnest consideration," said
Mr. Barnes. "America's grain mar
j ket from nthe machinery and its
. large credit needs formerly depend
ed on the security afforded by
' " hedging transactions in, the great
grain markets." the wheat director
"'.continued. "These hedging markets
f will Hot be reinstated because of
f :;-present hazards. The disorganiza
tion of Europe forces the purchase
Mof their bread supply by govern-
i-tment officials, instead of through
private merchants whose thousands
j'.tf differing opinions introduced a
!rIMneasure , of cushioning aeainst
. '.violent price nuctuations.
l "A conference May 7 of 400 rep
resentatives of tvheat handling and
...finanufacturijig -trades, : bankers and
- producers discussed this 'situation,
menacing not alone the grain hand
ling, -but the- credit structure of the
country and the 1 resulting possible
agricultural demoralization.
"I cannot face termination of my
office :of"' wheat ;;director wthouf
bringing these conditions to the at-'
ten-fion. of- those who may devise
steps for their : correction. These
difficulties" center about inadequate
transportation and disturbed credits
resulting in widening trade margins
affecting producer and consumer
and possibly suspending the, producer
market entirely from time to time.
o overemphasis, in my judgment,
can possibly be laid on the need of
some corrective step."
Atlanta Club Dances
To Wireless Music;
Jules Verne Outdone
Atlanta. Ga.. May". 12. Exploits
of the Martian heroes of H. G.
Wells and the most extravagant
romances of Jules . Verne were
eclipsed on the roof of the Capital
City club here recently when for
the first time- dancing to music
conveyed by wireless telephone was
accomplished. '
Approximately 1,000 persons gath
ered for the dance of the Club de
Vingt. The music was by the Geor
gia Tech. R. O. T. C. band in its
own concert hall more than a mile
from the Capital City club. - By
playing into a wireless transmitter,
the. band flashed the musical sound
waves to the dancers, who" by strain
ing their ears and a little imagina
tion, managed to follow the music
very well.
Through a, miscarriage in ,the
plans of obtaining material for re
ceiving the music the wireless did
not; earry the. sound, .in ; sufficient
volume to be heard plainly. But
it was amply demonstrated that it
could be done, which was all that
the experiment was for.
A feature of the experiment came
when'" the power plant, of the Tech
"went' dead." F. D. Saunders, who
has a fadio plant, placed his phono
graph near a transmitter and the
concert to those who were "listen
ing in was kept up.
Practically every amateur wire
less operator in Atlanta and near-
by towns had radio apparatus "tuned
up"- to tatch the dance music, and
it was stated they not only heard
the toncert, but messages from as
far. north as New York and as
far south as Key West. .
Eleventh Hour Entry
In Presidential Race
rs Wine and Beer
Chicago Tribune-Omaha Bee Leased Wire.
Washington, May 13 Openly de
claring for beer and light wine, Sen
ator Joseph Orwin France of Mary
land made an eleventh-hour entry in
the political race as a candidate for
the republican presidential nomina
tion. ,'. - v
"I believe" ;he said, "in a refer
endum to the people on the question
,of '-whether' the, eighteenth amend
ment should be. enforced in such a
way as to prevent the distribution
of light wines and beer as other com
modities .are distributed. Such a
referendum, whatever ' the outcome,
would go , far toward :allaying na
tional unrest.
"If a situation shall arise at the
convention in Chicago in which
there is a deadlock? and it is found
necessary to turn to some candidate
whose name has not beretofore been
considered, I have been assured, by
, many friends that the principles for
which I stand are such as to make
me" ht logical choice of the conven
tior .'J---',
,'Senatdr1 France is "also flatly op-
posed to the treaty, of Versailles. -.
LavrStudents of Albany
College Go. on Strike
'.Albany, ' N.'Y.',;May 13 Two hun
dred and "eighty, students of the Al
bany law-school went on a "strike"
when Jacob Goldenkoff, a student
recentlyVexpeUed for alleged social
istic tendencies, sought to resume
liis : studies .under a temporary in
junction obtained last night from
County-Judge John J. McMullen of
Schenectady. ... ; , .-.
-Bee. AVant Ads Are Business
Boosters. , :
, New York Dry flood. ' '
"w Tork. Mar 11 Cotton roods-were
nulrt in today a irmatng. wttn prices
aim In the gray goods division. Tarns
remained unchanged In first hands with
raw silk steadier. - Burlaps were easy.
April htpmes from Calcutta .to th
1'nltod State nd -Canada being estimated
at ijv.ovv.vou yarns. -
Market,
Financial
and Industrial News of-the Day
live Stock
i 1
' Omaha, ay 13,
Official Tuesday...,, T.I47
Official Wednesday., 4.34(1
Estimate Thursday.. 5,800
Vaii. Aavm .! wl t
Sams days last wk.!7jl7
name oay z was. ago,.su,?ls
Same day 3 wks. ago. 33,8(1'
Same day S yra. ago.Xl.2Sl
1.1.103
13.770
10,(15
1.000
4!i,4
63, 45
M
(1,181
(1,023
120.
Sheep.
,711
C.SOO
12.668
4,300
33.061
33,361
J2!
Sa,0J
33,671
Cattle Thursday cattle receipts were
Receipt and disposition of live stock at
the Union stock yards, Omaha. Neb., for
24 hours ending at o'clock p. in.. May
13, 19I0: .
M RECEIPTS CARS.
.... Horsee
and
Cattle.Hogs.Sheep.Mules.
Wabash 4 ,
Missouri Pacific. ..
t'nlon Pacific ... 65
C. V. W., east, t
O. N, W.. west. 44
C, St. P.. M. & O. 20
C, B. Q.. east. SO
C, B. & Q.. west... 12
Ct. R. I. & P.. east 2
C. R. I. ft P., west i
Illinois Central. I
Total receipts ..182
DISPOSITION HEAD.
Cattle. Hogs.
7 11
5.1 "
16 , .. 1
U ' 2. ,-
2
"i ...
122 , 16 -
JInrria Co
Swift & Co.. a
Cudaby Pkg. Co...
Armour & Co
ftchwarta A Co
J. W. Murohy
Lincoln Pkg. Co
So, Omaha Pkg. Co..
Hlggins PKg. Co
Mavorowlrh A VnM .
Glaasberg
Wilson & Co i....
F. P.. Lewis :. .
Iluntslnaer A Oliver.
J. H. Bulla
Kosenstock Bros
F. a. Kellogg
Werthslmer ft Degen,
A. Rothschild
Mo..K.n. C. ft C. Co.
T, a. Christie
Ilsker' ....i.
John Hrvv
icnn!s & Francis
Omaha Tacking Co...
ugden
T.lnlnsr.p
Other buyers .
647
. 862
.1.035
. 773
82
42
13
6
11
82
7
S
16
2
' 62
237
S
3
1
45
288
,65
20
1.128
2,872
1,813
2,89
116
410
Sheep.
944
1,080
3(4
2,336
Financial
... ,666
Total S.015
237
443
1.297
1,308 6,661
even smaller thkn yesterday, estimated
at only 3,800 head. tor the four days
the total Is 21,600 head or 6.000 less than
for the same period last week and about
the same size as the receipts a year ago:
I Be steer market was very alow this
morning, but about steady prices
were paid by both shippers and Backers.
yearlings sold as high as (13.25. Aa
compared with last week's closn price are
15 25c lower. Cow stuff moved a little
more readily but values held steady with
yesterday and are no more than steady
to strong for the four day period. Bent
grades of stockers and feeders showed
some strength and are & quarter above
last week's close, while stock cows and
heifers with Improvement of demand from
the country have advanced 25 4j 50c. Prices
today were about steady with yesterday.
sD,. ...
Quotations on rattle; Good to choice
beeves, 112 25 18.26; fair to good beeves,
11.00tr2.25; common to fair ' beeves,
(10. 00 4t)!l. 00; good to choice yearlings,
311. 7513. 25: fair to good yearlings, 19.50
311.75; common to fair yearlings, 3S.00
9.00; choice to prime heifers, 311.00012.00;
good to choice heifers, (9.0011.00: com
mon to fair heifers, (7.509.00; choice to
prime cows. (9.7611.60; good to choice
cows, $8.009.50; fair to good cows, (7.00
8.00; common to fair cows. $4.607.OO;
choice to prime feeders. (10.0011.00;
good to choice feeders, 39.00110.00; me
dium to good feeders, (8.009.00; com
mon to- fair feeders, (7.008.00; good to
choice stockers. 39.6010.5O; fair to good
stockers, (7.759.00; common to fair
stockers. $S.007.75; stock 'heifers,' 36.500
8.00; stock cows, (6.00(R S.2a; s'O'-k ralvm,
(6.009.50: veal calves, (9.0012.00;
bulls, stags, etc., .0010.60.
Representative sales: .
BBEK STKEKS.
No.
.12...
31...
22...
28...
Av.
.1153
.1160
.1063
.1188
Pr.
11 75
12 23
12 45
12 0
21...
10...
22...
10...
12...
2S...
...
...
35...
lo...
IS.,.
IS...
8...
2...
3...
t...
1...
STEERS A
985 .
. 693
. 610
. 89.1
,. 750
645
.'. 76S
0
., 917
..1158
.. 491
.. 780
,. 406
..1335
..1365
170
170
No.1
28.
2.1.
40.
.
Av.
...1082
.,.1304
...1028
.1023
HEIFERS.
Pr.
12 00
13 40
12 60
13 00
16..
20.
17.
41.
526
932
829
802
940
11 00
11 65
12 05
12 60
13 00
... 909
...1100
...1059
7 76
25
10 40
983 IV 50
.1090
. 660"
. 680
1
16
7 75
9 00
10 03
10 25
H 60
10 00
11 26
12 00
12 15
12 75 8.
13 25-
COWS. ,
7 25 1.
8 60 12.
9 35 ' 14.
10 50 - "
HRIFERS.
7 85 6.
10 75 ' ,
BULLS.
7 00 1.
8 50 ,' , 1'.'
t 25 3.
CALVES.
76 3.
11 25 2.
STflrVKHB AND FEEDERS.
11 647 S 90 13 841 10 00
10 977 11 00
Hoars Rece Id ts of hogs today were, esti
mated at 129 loads or 9,000 head. There
was a fnlrlv aood tone to the early mar
ket, prices bolng steady to a dime higher,
but the close was slow ana araggy witn
a much easier tendency, the general mar
ket being steady to 10c higher closing
weak. Bulk of sales wa (13.5014.00,
and top, (14.25, -i
Representative sales:
'. ' HOGS. '
No. Ar. Sh. Pr., No. Av; Sh. Pr.
56. .320 220 12 60 63. .326 740 13 00
S4..289 110 13 25 64. .323 100 13 40
30. .299 70 13 50 66.. 303 79 1J t
43. .213 . 30 13 65 66. .266 40 13 70
S4.;232 ... ,13 75 74. .234 130 13 u
39. .257 40 13 85 68. .2.10 ... 13 90
68. .275 160 Il4 00 61. .239 40 14 10
43. .219 70 M4 15 9Z..200 110 I so
Shfeo and Lambs Arrivals of sheep and
lambs were about 4,300 head and trade was
dull and draggy from the start with a
tendency to prices a little lower. Sales
averaged steady to around a quarter off.
As compared with yesterday's market best
shorn lambs her sold at (17.40 with the
less fleslraW kinds at' (17.00 and on down
the list. Fed wooled lamb were neglect
ed at easier figures. A few fat sheep hero
ruled nominally steady and a three-car
shipment of California aprlng lambs sold
at 118.75, No feeders of shearers of con
sequence are going to - the country at
prfsent
uuotat ona on sneep ana i,ra-j
wooled lambs. $1 8.25 19.50 : fat shorn
14mbs. (16.75wl7.50; shearing lambs,
S17.75M8 50: cull lambs. (14.60 17.60;
wooled ewes, (13.0014.60; aborn ewes,
(11.25(912,00; ewe culls and canners, (6.00
e 11.00. . - ..
Representative sales:
SHORN LAMBS. 1
No. Av. Sh. - Pr. No. - Av. Sh. Pr.
543 fed.. 75 17 40 240 fed.. 84 17 25
Chicago Live Stoek.
Chloaso. Slay 13. Caittle; Receipts, 11.-
000 head; beef steers strong to 15o higher;
top yearlings (14.10: top heavy. (18.76;
bulk, (11.65ifi13.60: fat cow and helfera
strong to 25c higher: burk. S8.7511.00;
canners and cutters steady; bulk, $5.25
7.60; bulls, strong to higher; bulk do
lognas. . (8.1518.50; good calves ' steady,
light slow, 26c lower; bulk vealers, (11.00
012.60; stockers, steaqy.
Hon Rerelnts. 25.000 head: opened
steady to 10c lower; light closed steady
with the opening; others mostly 10c
higher; top, $16.26; bulk light light butch
ers, 14.9015.15; bulk 250 pound and
over. $14.1014.75: pigs. I6o higher; most
desirble kinds, (13.6O0H4.On. -
Sheep Receipts. .6,000 head; market
fairly active; steady to 25c lower; quality
talr;'good shorn lambs, $18.00: bulk, $17.60
t18.00; choice light yearlings, $16.15;
sheip Scarce; good to phoice shorn ewes,
(12.00gl3.OO.
Kansas City Lrte Stock.
Kansas City. Mo., May 13. (U: S. Bu
reau of Markets.) Cattle Receipts, 3,600
head; market slow; most packers, gener
ally ateady; Colorado pulpera, $12.76
13.15; best yearling,' $13.00; most she
stock, $3.SOQ10.00; good bulls, $9.00;
choice veal calves, strong; bulk, $11.60
12.B0.
Hogs Receipt, $.000; 15o to ,15c lower;
top, $14.70:- bulk lights and ' mediums.
$14 00014.50; bulk heavies, $13.60Q14.25.
Sheep and Lambs Receipts, 8.000 head;
fat sheep, 10c to 25o higher; bulk withers,
$13.0012.60; - yearlings. steady;., -bulk,
SU.004tl6.25: spring lamb. 60o lower;
bulk. $16.00918.60; goaU, steady; 'bulk,
$7.2$8.09. ) . - '
Sioux City live ftock.
Sioux City, Is., May 18. Cattle Re
ceipts, 1,000 . head; market' steady - to
strong; beef steers, choice fed, $11.00
13.00: short fed. $9.J611. 00-: fed heifer,
$9.00013.50: beef cows. 16. 25 t 17.60; fat
cows and heifers, $7.75i 11.76: canners,
$4.0096.00; veal calve. $7.0012,00: com
mon calves, .$5. 60f 9. 50; feeders. $$.000
10.25; Blockers, $8.73010.00: feeding cows,
$1.0007.09; stock heifers, (5.6Cfrg.75.
Hogs Recelpu. 4,500 - head; market
steady to 25c tower; light, $14.00014.60;
mixed, $13.25014.00; heavy, $12.60013.76;
bulk, $13.00014.00.
Sheep and Lamb Receipts, 7S0 head;
market steady. - .
Chicago rotator.
Chicago. May IS. Potatoes Steady; re
ceipts. 30 cars; northern white $7 2S0
7.60; Canadian. t 51i 41; new. steadv;
Florida No. 1, $11.00 16.10; No. 2, $13.00.
Chicago Tribune-Omaha. Bee Leased Wire.
New. York, May 13. In' stocks
professional trading , activity con
tinued to press the advantage to
ward lower prices gained this week
and further liquidation of Liberty
bonds and Victory notes brought
several new low records today. Of
the two markets, bonds supplied the
more significant developments in
asmuch as dealings in stocks
showed very little of public interest,
Taken in connection with the strin
gent credit situation, it is apparent
that the steady, output of govern
ment war paper reflects to a
marked degree the offorts of cor
porations and business firms to
raise capital. Sluggish railroad
transportation has . reached much
further than the great manufactur
ing companies and is handicapping
the efforts of all sorts of producers
of goods in getting their products
to market. -..-,
While storage facilities as receiving ac
cumulations of finished goods, the pro
ducer I put to It to keep enough working
capital to maintain factory operations and
with bank credit in small quantity for
fresh borrowing he mut rale cash by the
best means available. Quite likely the
market for old ne railroad and Indus
trial corporation bonds Is also feeling the
Influence of forced selling for capital
needs; K Is not beyond possibility that
some liquidation of stock has had a sim
ilar basis. -
Few Stocks on Margins.
The current small scale of commission
house buslnes shows, however, that no
broad liquidating movement in stocks has
yet occurred, nor does Inquiry Indicate
that the public is carrying any great
amount of stock on margin. Traders who
make speculation their chief avocation
-showed their hand today in persistent
pressure against particular groups of
shares, notably the automobile stocks and
a number of specialties.
. Net declines of 2 to 4 points were re
corded among them, at the same time
that steel, petroleum and railroad Issues
disclosed sufficient resiliency to prevent
declines or greetcr exte-u than fractions.
One might find a feature In the current
week's buelrcss in the fact that standard
shares of transportation companies and of
corporations which produce essential proa
ucts have displayed a growing reluctance
to give ground. (
No Signs of Recovery.
Still the market has recorded no evi
dence of recovery and It Is becoming mor
and more? apparent in the street that a
paralyzing effect of railroad congestion,
with Its concurrent effect upon credit, is
holding In check constructive sentiment in
regard to the near future of securities. A
bright spot Is the facility with which re
cent railroad note Issues have been placed
among Investors and also the underlying
feeling that industrial company financing
now In contemplation will find a good
market on proper terms.
The weekly statement of the Bank of
England contained an interesting Item in
respect to the government's program of
reducing Its loans at the bank; holdings of
government securities were reduced $4,
000.000. continuing the process begu a
fnrtnlaht ago. The government's program
of selling short-term bonds on a basis to
yield around 7 per cent ana aiso oi in
creasing the rate on treasury bills Is evi
dently having a beneficial effect on rela
tions with the bank. Foreign exchange
rates were heavy, sterling losing IHp to
$.1.8144; the Italian rate fell rather
sharply, but German exchange was fairly
firm, can money again rci:ucu
cent.
New York Quotations
of the leading stocks furnished by Logan
& Bryan,. Peters Trust building:
.
RAILS.
High. Low. Close, day.
A.. T. ft S. F. . . . . 791 7. 78i '
Ra t. ft Ohio.. 32 3a aa
Canadian Paclflc.,.116 113'A 1J4J, 116
N. X. ft H. K 6Mi ! s
F.rle R. R 11V 11V4 "K 12
Gt. Northern pfd. 73fc 73 73 7314
Chi: Gt. Western '. ...i
Illinois Central ... SS 84'
Mo., Kan. ft Tex.. 76
Kan. City Southern 15ft
Mlesourl pacific... Z4
N. Y., N. H. ft H.. 28
151
23ft
-28
Northern Pac By. 73ft 73ft
7
40
85
WA
94ft
Chi. ft N. W....
Pennsylvania ...
Reading Co
C, R. I. ft P
Southern Pacific
Southern Railway. 21ft
Chl., Mil. ft St. H. 38
union Pacific . .
Wabash
STEELS.
Am. Car ft Fdry. .131ft 129ft
Ailia-Chalmer Mf. 33 S3
Am. Locomotive... 92ft 90ft
utd. Alloy St. cor. 42
Baldwin Loc Wks.ll
Beth.' Steel Corp.. 91ft
Colo. Fuel ft Iron. 34t4,
Crucible Steel ....139
Am. Stl. Found... 41ft
Lackawanna Steel, 76
Midvale Stl. ft Ord. 43
Pressed Stl. Car... 98
Rep. Jron ft Stl. Co. 92ft
Rall't St!. Spring. 92
United States Stl.. 93ft
Anaconda Cop Mln. 56
Am. Smlt. ft Rfg... 59 ft
Butte ft Sup Min. 22ft
Chile Copper Co... 16
Chlno Copper Co... 31ft
insp. uons. cop
T8ft
39ft
83ft
32ft
93ft
21ft
33
.116ft 114ft
s ....
41ft
113ft
90ft
133ft
41
74
42ft
96ft
90 ft
7ft
84ft ....
76 ....
16ft . 16
.24 24ft
28ft 28ft
73ft 73ft
78ft 7
39ft 39ft
84ft 84ft
83ft 33ft
93ft 94
21ft 21ft
33 33 ft
116ft 11$
8 8
2ft
65ft.
68ft
Kennecott Copper. 27 ft
13
17ft
15ft
311
51ft
26ft
12ft
17ft
6ft
86ft
43 ft
93ft
16
21ft
89ft
S1H
"ii"
30ft
.141ft 141
Nev. Cons. Cop..
Ray Cons. Con...
Utah Copper 67
INDUSTRIALS.
Am. Beet Sugar.. 93 92ft
A.. G. ft W. I. S. S.169U 162t4
Am. anient, corp.. 86ft 8514
Am. num. tod.,.. 88
Am. Jot. uu (jo.. 44
Am. T. ft T...,., 4
Am. Z. L. ft S.... 15ft
Brook. Rao. Trans. 11
Beth: Motors 22
Am. Can Co 40
Chan. Mot. Car..l33. 129
i.ent, ljinr. vo.... 08 67
Cuba Cano Sug. Co. 62ft
Cal. Pack. Corp.
Corn Pro. Rfg. Co, 93 ft
Nat. En. ft Stp.... 70ft
Flak Rub. Co. 31 ii
uen. jsiec. uo...
G. Wms. ft W. .
Gen. Motors Co,
Goodrich Co. ...
Am. a. & 1-. co.
H. & Brkr. Car.. 62ft
U. S. I. A. Co... 84ft
Internat. Nickel .. 19ft 18ft
internat. fa per io. 76 Vi bay
A. Rubber Co. .... 75 ft . ...
K.-S. Tire 106 104
Keystone T. 'ft R. . . 28 26 '
Internat. M. Mar.. 31 , 29ft
Mex. Petroleum .182 178ft
Mid..S. Oil 21ft 30
Ohio Cities Ga... 40ft. 40
Willys-Overland Co IS 17 ft
nerce (ju (jorp... j
Pan-Am Pet ft Tr 104ft -101 ft
Plerce-Arro.w Mot. 64 52ft
Royal Dutch Co. .119 117ft
U. S. Rubber Co.. 96ft, 93ft
Am. Sugar Rfg. Col29 12Sft
Sinclair Oil 'ft Rfg 85 34ft
Sears-Roebuck Co... ... .
Stromberg Carb. Qo 68ft
131ft
33
91ft
42
114ft
91ft
34ft
134ft
41
74
42ft
97ft
91
92
93 ft
66 ft
69 ft
'23ft
15ft
31ft
61ft
27
.13
17ft
66 ft
130ft
84ft
92 ft
42ft
116
81ft
136 ft
41
77 .
' 43
98
92 ft
(2 ft
93 ft
65ft
' 68ft
31ft
61 ft
27 ft
12ft
IT ft
t . .
27ft '
.. 61ft
.. 19ft
26
69ft
18
61
83ft.
92ft 93
164 ft 164 ft
86ft 86ft
88 89ft
43 ft 46 ft
94 94 ft
15 15ft
11 12ft
21 22 ft
. 39 ft 40 .
130ft 134
68 68ft
61ft 61ft-
...... 75
92ft 92ft
68ft
30ft 81ft
141ft 141ft
.... 12ft
27ft 27
60ft eoft
19ft 19ft
61ft 62
83ft SUft
' 18ft 19
71ft 70ft
' 76ft 66
105 107
27 29
30ft 30ft
17ft161
30ft 81ft
40 40ft
'18 r 18 ft
.16ft 16ft
102ft 103ft
, 63ft '63ft
'119 118ft
94ft, 96
128 ISO ft
35 34 ft
.... 210ft
68ft 69
69ft 71ft
63 63ft
16ft -16ft
7ft 48ft
60 ft 62 ft
62ft
61 61ft
ft . 64ft
110 113
47ft 48ft
108ft 108ft
:-V -
Omaha Grab
Omaha. May 1$, 1920.
Wheat ranged 10$ higher, the bulk
about 85o up. Kxport bids at the sea
board were unchanged. Corn was un
changed to So up, generally 23o advance.
No oats had been reported sold at the
close of trading. Buyers and seller did
not meet, on prices for this grain. The
Chicago future market was lower. Rye
and barley were unchanged. drain ar-.
rivals today were light.
Cash sales were: '
Wheat No. i hard: I ' cars, $3.08; 1
ear, $1.03 (smutty). No. 3 bard: 1 car,
$3.00; cars, $3.98; 1 car, $2.97: 1 car,
$2.97 (smutty); 1 car, $3.96 (very smutty);
1 car, $2.9 (smutty). No. 4 hard: 1 oar,
$197; 1 car, $2.96: 1 car, (3.95. '.No. S
hard: 1 car, . ($.91 (smutty). Sample
hard: 1 car, $2.87. No. i spring: 1-S
car, $2.90 (northern). No. 4) mixed: 1
car, $2.(3 (durum, smutty).
Corn No. 2 white: 1 car. $1.94. N.j. S
whit: 1 car, $1.94; 2 cars. $1.93. No.
white: 1 car, $1.87 (musty). Sample
white: 1 car,- $1.72 (hot). No. 2 yellow:
S cars, $1.95. No. $ yellow: 6 cars, $1.94;
1 ear. $1.9$. 'No. 4 yellow: t cars, $1.92.
No. S yellowt 1 car. $1.37. Sample yel
low: 2-6 car, $1.(7 (sour). No. 3 mixed:
2 cars, $1.(2: 1 car. $1.90: 1 car. $1.89.
No. 4 mixed: 1 car. $1.8 (shipper's
weights): 1 car, $1.88. No. mixed: 13-6
cars, $1.88 (sour). Sample mixed: 1 car,
$1.80 (heating, sour, shipper's weights);
1 car. $1.65 (hot). . .
Rye No. S: 2 car. $2.10; 1 car, $2.06.
OMAHA , RECEIPTS AND SHIPMENTS.
Receipts Today. Wk. ago. Tr. ago,
Wheat ,...36
Corn 35
Oats 17
Rye 1
Barley 1
Hhlpmenta
Wheat
Corn .
OaU . .
Ryo . ,
Barley
(4 . 13
42 44
18 17
8 10
3 1
69 14
4 44
33 42
7
8 $
...77
.76
.1$
CHICAGO RECEIPTS.
Today. Wk, Ago. Yr. Ago. Contract
Wheat . .... 4 4 17 2
Corn . ; 51 19 89 38
Oats . 37 47 92 32
KANSAS CITY RECEIPTS.
Today. Week Ago. Tear Ago.
...... .,..139 75 26
35 17 4
6 3 30
ST. LOUIS 'RECEIPTS.
Today. Week Ago. Tear Ago.
67 27 83
...... 31 20 . 23
30 65 48
NORTHWESTERN RECEIPTS OF
WHEAT.
Today. Week Ago. Tear Ago.
Minneapolis 169 160 166
Duluth . 45 32 2
Winnipeg . 181 99 239
Wheat
Corn .
Oats .
Wheat
Corn .
Oats .
65
Htudebaker Corp..,. 71 69ft
Tob. Products Co., 63ft 2ft
Trans-Con. Oil 15'A 15V
Texas Co 48 ft 47
U. S. Food Pr. Ccr. 62 ft 60
- j. w,, ....
The White Motor.- 51 ft 50ft
Wilson Co., Inc.. 66ft 66
west gn so Airbr. .jio
Wesfgh'se E. ft M. 4S 47ft
Am. .Woolen .....109 107ft
Total sales, 807,400 shares.
Money Close, 10 per cent.
Marks Close.. ,0206.
, Sterllng-Closev, $3.$0ft.
New York Honey.
New .-.Tork, May 13. Prime Mercantile
Paper 7 per cent-
Exchange Weak. 1
Sterllngwsixty-day bill. $S.7S: 'com
mercial 60-day bills on banks., $3.76ft;
commercial 60-day bills, $3.76 ft; demand.
$3.81; cables, 33. 81ft. ,
Francs Demand, $15.62; cables,' 16.20.
Bolglan Francs Demand, 14.37; cables.
14.35. - -1 .
Gulldeta Demand, S6ftc; cables, 36ftc.
Lire Demand. 20.37: cables. 20.35c,
Marks Demand. 2.01c; cables, ?.lc.
Bonds Oovernment, weak; railroad
bonds, heavy.
Loans Time, strong; unchanged.
Money Call, easy; high, '10 per cent;
low, 8 per rent; ruling rate, 8 per cent;
closing bid, 10 -per cent; Offered at 10 per
cent: last loan, 10 per cent; bank accept
ances. 6 per' cent. .
Sterling recovered slightly on the late
daullngs. Sixty-day bills, (3.77ft; com
mercial 66-dsy bills on hanks. (2.77Vi:
commercial 6day bills, $3.77) demand, 1
SJ.S1: cables I
Nebraska crop conditions: Winter wheat
Improved during April and the present
condition Is 88 per cent as compared with
S4 per cent a month ago. This forecasts
crop of 47,586,000 bushels, as compared
with 54,997,000 bushels . last year. The
cold weather of the past month was very
favorable for the winter wheat and Im
proved the wind damaged wheat to such
an extent that the abandonment will not
exceed 8 per cent This leaves 2,846,000
acres for harvest as compared to the rec
ord acreage of 3,716,000 acres harvested
last year. About 42 per cent of the plow
ing is completed as compared with 55 per
cent a year ago. Spring planting Is 35
per cent completed as compared with 40
per cent a year ago.
Chloago Tribune says: The grain trade
and the farmers In the west do not seem
to be thoroughly awake to the grave pos
sibilities presented In the proposed tax on
transactions on exchanges under, the sol
diers' bonus bill, says a Board of Trade
man. "The tax threatens to destroy the
protection that an open market in grain
affords, such as Is now being demanded
by the country in wheat. Based on 2c
for each $10 value on- $3 per bushel for
wheat the tax on 10,000 bushels would
bo $60, which, In the did, the producer
will be forced to pay. In addition to the
heavy toll taken as the result of the big
margin demanded, due to the lack of an
open market.''
It is said leading eastern railroad
have been ordered by the Interstate Com
merce commission to send cars to west
ern railroads for preferential movement
of grain from the interior to terminal
markets. How many cars are to be given
western roads has not developed, as the
order Is to be kept as quiet as possible,
in tear of a repetition of a break In prices.
such as occurred last February when the
preferential order was placed on gram
for 10 days. Farmers then refused to sell
corn at $1.25 and leas, now tney are
getting $1.86 to $1."90. which may be dif
ferent. Of late, farmers have shown
mere disposition to sell corn at this level.
No. 2 yellow sold here yesterday, at $2.13.
and mixed at $2.12, the highest of the sea
son to date and 2c above the top made last
year, which was In July and August.
The Northwestern railroad has Issued
the following for a period of 10 days
starting May 13 and terminating May 26;
Give preferential car supply for the load
ing of grain cars in grain producing ter
ritory; must be confined to loading 01
grain ana grain produces, it any surplus
advise, and wilt give disposition. The
point Is to move every car . of grain we
possibly can during the nxt 10 days.
Please personally Issue such instructions as
are necessary to have strict compliance
herewith and maximum loading obtained.
There Is a lot of last year's grain still to
move which we are anxious to clean' up
or as much of It as possible during this
period."
spring plowing but 4 per cent com
pleted; pastures, 78 per dent of normal
and the forecast of the yield of Missouri
winter wheat of 29,937,000 bushels, on
2,848,000 acres against 57,699,000 bushels
on 4, 274. 000, acres last year are the signifi
cant and Important features of the grow
ing crop report of the Missouri stats board
of agriculture.
Missouri crops are from three to four
weeks late, wheat showing but little Im
provement during the past month. Acre
age of abandoned wheat, 232,200 acres; in
crease tn meadows, 229,000 acres. ,
Rye Local longs selling July trade only
moderate.
Minneapolis Grain,
Minneapolis. Mint!.. May 13. Flour-
Unchanged.
Bran (53.00. - -
Wheat Cash. No. 1 - northern. $3,160
3.25.
Corn $1.S81.99.
Oats $1.06 1.06ft. -' 1
Barley $1.46 1.78.
Rye No. 2, $2.12 2.13. ' ,
Flax No. 1, $4.7004.75.
St. 'Louis Grain. i
St. Louie. Mo.. May ' W. Corn Mav.
11.98ft; July, $1.774.
oats May, i.iz; July. 95ftc.-. .
Kansas City ' Gralnw
Kansas City. Mo.. Msy 13. Corn Mav.
$1.86; July, $l.'7J'ft; September, $1.69.
St. Louis Live Stock.
East St. Louis. III.. May 13. Cattle-
Receipts, 3,000 head, steady to strong;
top steers, (13.40; bulk, Jll.U0rai2.75:
yearling steers and heifers, steady; can
ner cows, steady at $4.505.50; bulls and
calves, steady: -food and choice vealers.
$12.0013.50. I
Hogs Receipt., 8,500 head, closed active
and 20c higher; top,, $16.20; bulk, light
and medium weights, $14.75 15.10; bulk.
heavies. (13.7614.50.
Sheep and Lambs Receipts, 1,200 head,
closed, strong: clipped lambs, 25 60c,
lower; -top lambs, $17.60; bulk, $17.50;
top ewes, $11.00; bulk, $10.00011.00.
. New York Metal.
New Tork. May 13. Copper and Iron-
Unchanged. . ) . ' "
Tin Soot. (56.00; June to August,
$54.25. ; ,
Antimony (lo.vo. ;
At London Snot: Copper. 100. 17s. 6d:
electrolytic. 13 2: tin, 297, 5s; lead, 37,
16s; sine, fin, 10c.
Leaor Quiet: spot oiierea, 9.00c: June-
July, 8.62c.
Zinc Easy: East St. Louis, spot; of
fered, $7.75.
w , ',,.. New Vorlf Produce.
New York, May 13. Butter Firm;
creamery, higher than extras, (Oft 61c;
extras, 0o; firsts, (769c; packing stock
current make No.-2. 39 ft 40c.
Eggs Irregular; unchanged.
Cheese Ktrm; uncnangeu.
Poultry Llv. firm; express broilers, 40c
47 (1.00; fowls, 37c; fowls, 37c; roosters,
22c: turkey. 23c; dressed, ateady. and un
changed. -
, St. Joseph Live Stock.
" St. Joseph, Mo "May IS. Cattle Re
ceipts, 1,000 head; market steady to.
strong; steers, $10.00018.76; cows and
heifers, $4.60pl3.60; calves, $6.00010.00,
Hogs Receipts, (,600 head; market lOo
lower; top, $14.60; bulk, $18.9014.60.
Sheep and Lambs Receipts, 2.000 head;
market lower: ewes, $10.00012.00; lambs,,
$17.6O01$.QO. . v
Kama CJty Produce. ,
Kansas City, Mo., May 13-. Eggs Un
changed. Butter Creamery. 3fto lower; extra In
cr lota. (le. -
Poultry Hns. 7n higher. Jle.
: Chicago Produce.
Chicago, ' May 1 J. Bultw Higher;
creamery. 47057ftc.
Eggs Unchanged: receipts. 30,023 case.
Poultry Alive, higher; fowls. Sec.
New York Sugar.
" New Tork, May 13. Raw Sugar
Strong; centrifugal. 20.0c; refined, firm;
line granulated, 19.60 :3.00c,
Chicago Grab
By CHARLES D. MICHAELS.
Chicago Tribune-Omaha Bee Leased Wire.
' Chicago, May 13. Grain markets
acted tired from the start with rye
in the lead, ranged lower after a
minor upturn early and doled well
toward the bottom. .Corn finished
with net losses of l7i2Jc, oats,
ltilHc, rye, 4:463c, and bar
ley. 2c.
News generally was niore bearish
than of late, while sentiment showed
little change. Local traders sold
corn freely at the start on the is
suance of garbled reports on labor
conditions at Buffalo, which the
trade construed as meaning the rail
roads might' be hampered. July
dropped 3j4c from the top and fin
ished on a rally of 5c,
With csh corn at Chicago from x to
20 cents higher than in other markets
there was a disposition to keep away
from the buying side at times.
, Oat Sell Freely.
Long oats came out freely through com
mission house and a leading local pro
fessional was also a heavy seller, with
a lack of support prices eased quickly
after being slightly .higher early with
corn. Weather conditions were favorable
for the growth of the corn, and the fore
cast was for fair and warmer.
Bulk of the demand for cash corn was
from Industries which absorbed the of
ferings around $2.13 and $3.13 for the No.
2 and No. 8 grades. No 2 yellow sold up
to $2.14, a new high for the season. Sam
ple values unchanged to 2o higher. Cash
oats sold readily with buyers from outside
markets taking part of the receipt of 80
cars. Prices unchanged. Shipping sales,
12,000 bushels, with 6,000 bushels No. 3
white sold In storage -at (1.12ft or 6c
over May.
A lack of support and aoattered selling
made a weaker and lower rye market. No.
2 on track sold at May price at $2.22.
France After Wheat, '
Barley was unchanged to lo higher
with a good demand. Spot sales were at
$1.6501.88.
France was after cash wheat at the
seaboard, bidding for 400,000 bushels and
asked for offers of round lots. The same
country was also after rye and corn flour
for mixing purposes, duo to the enforced
used substitutes. ' A general undertone
for strength prevailed In the seaboard
iilds with talk of $11103.13 c. I. r.
Georgian Bay ports. Chartors wero maae
for 200.000 bushels to Georgian Bay. No.
1 red on track sold here at $3.10.
By Updike drain Co., Douglas 2627.
Art'es Open
Corn
May 1.96
July 1.77ftl
Sept. 1.64ft
Rye i
May J.23
July 2.12ftl
Oats
May 1.05
July .93 ft
Sept. 1 .77
Pork
May J86.35
July 37.60 I
Lard
May 20.95
July 21.80
Sept . 22.70
Ribs
May 1825
July 118.30
I High. Low. Close. Tea
1.97 1.94 1.94ft
1.78 ft 1.74 ft 1.75ft
1.(6 1.61ft 1.62ft
2.23 2.18 - M7ft
2.15 2.10 2.11
1.06 ft 1.04ft 1.04ft
.93ft .91ft .91ft
.77ft ,76ft .76ft
36.35 J3C.S5 (36.36 !
! 37.60 37.36
20.95 20.75 20.76
21.82 21.42 21.42
22.70 22.25 22.25
118.25 118.25 18.25
119.30 119.00 19.05
1.97
1.77 ft
1.64ft
2.23 ft
2.15 ft
1.06ft
.93ft
.77
37.40
21.10
21.95
22.72
18.60
19.36
Stock Fluctuations.
Omaha, May 13, 1920.
The followl-ng quotations are furnished
by Logan & Bryan, members of all prlnci
nal exchana-es, room 100 Peters Trust
building (formerly Bee building). Seven
teenth and Farnam streets, Omaha, Neb.
Chicago stocKs
Armour & Co., pfd
Armour Leather Co., com. ....
Armour Leather Co., pfd. ....
Cnmmonwealth Edison Co. ....
Continental Motors '. ,2
Llbby, McNeil & Llbby 23ft
Montgomery wara to a
National Leather
Reo Motor Car Co.
Swift & Co ,
Swift International
Union Carbide & Carbon Co.
6ft
18
96
.103ft
.. lift
.. 23ft
..110ft
.. 3
.. 61ft
New York ' Cdffee. ' .
New Tork, May IS. After opening at
a decline of 7 to 10 points the market
for coffee futures rallied on covering
and rebuylng by old longs who had sold
out on the advance of last week. Re
ports of an Improved spot demand were
a factor, while the decline In the RIO
market and reports of yesterday were to
the effect that offerings were scarce.
Later prices reacted on reports of lower
c. I. f. situation. September closed
14.59c bid, or about 10 points off from
the best,, with the. general market closing
net unchanged to 2 points higher.
Closing bids: May, 14.65c; July, 14.99c;
September, 14.69c; October, 14.66c; De
cember, January and March, 14.60c.
Spot Coffee was reported In moderate
demand at from 15fto to16fto for Rio
7s, and 23ftc to 24ftc for Santos 4s.
New York General.
New Tork, May 13. White Corn Flour
Firm; $4.8535.00 per 100 lbbs.
Cornmeal Firmer; yelow granulated,
$4.754.97ft; whits , granulated, $4.60
.87 ft.
Wheat Spot, firm; No. 2 red and No.
2 hard, $3.22, and No. 2 mixed durum,
$3 16 c. I. f. track. New Tork, export.
Corn Spot, steady; No. 2 yellow,
(2.24ft and No. 2 mixed, $2. 23ft c. I. f.
New York.
Oats Spot, quiet; No, 1'. white,, $1.47
1.48. nominal.
Lard Weak: mlddle-west, $21,260
21.36.
Other articles unchanged.
Bar Silver.
' New Tork. May" 13. Bar Silver $1.00.
Mexican Dollars 76 ft c.
Duluth,
(4,69.
Linseed Oil.
Minn., May 18. Linseed $4.65
B o w en's
Will Offer
: Large Quantities of
Lace Curtains
At
Value-Giving Prices
On
SATURDAY
Voile Curtains
White, cream and ecru;
attractive for
mer curtains.
$ 1 95
' -A
Filet Net Curtains
24 ' yards long . and . 38 inches
wide; small dotted ; to Qg
figures, pair, at..... Ps67D
Others at '$3.25, 13.75.' $3.95,
$4.25 and f 1.85 per pair. Soe our
Friday's advertisement tor full
particulars.
C
r
0
Local Stocks and Bonds
(Quotations Furnished by Burns, Brlnker
J Company.) j.
, , . ' STOCKS. .
' i , . 1 Bid
Burenxs-NaHrt. ' nfd..- t pet..
1923-43 i 99ft
Deere & Co., com ....
Eldredge-Beynolds Co., ,7 pet.,
pfd ,.9 ,
Oooch Food Prod., pfd. ..87ft
Harding Cream, 7 pet. pfd. -.,....
Nebw Power Co., 7 pet. pfd. 84
Nlcholaa Oil 'pfd., with bonus 84 ft
Om. & Co. B. St. By. pfd. . . 45 -Omaha
Refining Co., 8 pet.
pfd
Orchard & Wllhelm, 7 pet.
l)fd 98
Pjixton & Gallagher Co., 7
pot. pfd 100
M. C. Peters Mill. 7 pet. pfd.,
1938 $7
Sherwlr.-Wllltama . Paint, Co.,
7 pet. pfd 99 ft 100
M. E. Smith, 7 pet. pfd., 1932 100 101
Thnmi-.Non-Belden Co., 7 pet.
Asked.
100
80 .
100
90 '
99ft
95
65'
.30
100
101 ;
99
pfd.
Union
pot.
Union
Power A Light Co.,
pfd.. 1927
Stock Yards. Omaha
- BONDS.
98
100
9K
99
Bid. Asked.
Eooth-St. Louis Cold Storage
s, 1930 85
Cuba Cane Sugar 7s, 1930 .. 9
French Cities 6, 1934 8
B. F. Goodrich Co. 7s, 1925. 95
Hill Hotel Bldg. 6s, 1921-30.. 99ft
Omaha Athletic 6s. 1922 ... 90
Om. & Co. B.
Sinclair Cons.
Wichita Tds.
St. Ky. 6s, 1928 74
Oil, 7fts, 1925 7
6s, 1934 ...... 97
90
9ft
90ft
9ft
9S
99
Bonds and Notes
v Furnished by Peters Trust Co.
. . Bid. Asked
Am. Tel. A Tel., s, 1924 H3
do 6s. 1925 93ft
Am. Tobacco Co., 7s, 1922,... 99ft
do 7e, 1923... .. 99 .
Anconda Copper, 6s, 1929..., 91ft
Anglo-French ext, -6s, 1920.. 98ft
Arm. Co.. con. deb., 6s. 1920-24 98ft
Bethlehem Steel Co., 7. 132. 9s
do 7s. 192$. 1923 97ft
British, 6fts, 1921 94ft
C. B. & Q-. 4s. 192J' 94 ft
Cudahy Pack. Co., 7s, 1923.. 97
N. Y. Cen. -Cert.. 7f, 1920.... 96ft
Proctor & Gamble, 7s, 1922.. 99 ft
no , i ivjj. . i"u
Union Pacific, 6a, 1928..
Wilson Conv., . 1928....
Western Klectrlc, 7s. 1926
Ilclglan, as. 1921
do 1925
97ft
88
98ft
9li
92
93 ft
94
100ft
99ft
92ft
98 ft
99 ft
98ft
98
95
94ft
98 ft
96ft
100ft
100ft
.9Sft
8Sft
98 ft
97
93
New Tork Curb Stocks.
Allied Oil '...'J $
Homon Montana 94 u 85
Coden Oil Tft4 I
Island Oil 5ftP 4
M.rrlt Oil 16ftff ft
Hlnim Petroleum ......,.. 18 V ft
1'. 8. stamshlp 2i ft
Whit OH llftO 14
Bee a Want Ads Produce Results.
Evaporated Apples and Dried Fruits.
New York, May 13. JSvporated Apples
Hull. .
Prunes Firm.
Apricots sin! Pcaches-J-Flrm.
Kaisins Active and firmer; loose mus
catels, 22ftr25c; choice to fancy seeded,
2t'21o; seedless, 21ft 025c.
Inv3st
With Us
6 Dividends Payable
Qusrtarly
Aiet, $8,700,000
Rerv, 345,000
Be Thrifty and Start a Savings
Account Today
Occidental Bldg. &
Loan Assn. -
N. W. Cor. 18th and Harney
E.Ubli.h.d 1889 '
Turpentine and Bosln.
Savannah, Ga., May 13. Turpentine
firm. $1.92; sales. 236 bbls.: receipts,
225 bbls. ; shipments, 383 bbls. ; stock,
3,274 bbls.
Kosln Firm; sales. 989 casks; receipts.
1,531 casks;, shipments, 1,305 casks; stock,
21,220 casks. '
Quote: B,y$14.65: D. $17.65; 15. $17.30;
F, O, H. $i7.7017.80; I. $17.7017.90;
K. $18.10; M. $18.16(8? 18.35: N. $lS.40
1S.85; WO, $18.65lS.8f.; WW $18.90
19.10.
Liberty Bond Prices. '
New Tork, May 13. Liberty bond prices
at 11:65 a. m. today wjre: Sfts. 91.70;
first 4s, S5.00; second 4a, 83.00; first 4fts,
86.60; second 4fts, 86.08: third 4fts, 88.84;
fourth 4fts, 85.56; Victory Sfts, 95.92;
Victory 4ft., 96.96.
Final prices , of Liberty bonds today
were: Sfts, 31.30: first 4s, 85.62; second
4s. 85.00:. first 4',is, 86.00; second 4fts,
80. 00; third 4 s. 88.60; fourth 4fts,
85.40; Victory 3fts, 95.82; Victory, 4fts,
95.90. '
London - Money.
- London. Mav 13. Bar Silver 5Sftd per
ounce; money. 6ft per cent: discount
rates, short bills. ft ner cent; three
month' bills, 8 Il-I66ft per cent.
Never Mind How
the Hat Looks Now
Wait Until You
See It Revive
Under Our Care
In our Hat' Sanitarium
we Clean, Block, Trim,
Dye, Shape or Remodel
any Hat made of Felt,
Straw or other material.
We are particularly
successful with Panamas.
Phone Tyler 345
DRESHER
BROTHERS
DYERS CLEANERS
2211-17 Farnam St.
Will
Finance
Corporation
Corporation requiring from
$100,000 to $1?000,000 can se
cure additiqnal working capi
tal through the sale of its'
.treasury stock. We operate on
commission basis. Only cor
porations having 500 or more
stockholders considered. No
attention will be given unless
the approximate number of.
stockholders is stated in reply.
No promotions.
CARTER II. JACOBS
& CO.
20 . Jackson Chicago.
Put Your Idle
Money to Work
HOME BUILDERS' Six
Per Cent First Mort
gage Bonds are a safe and
profitable investment. They
are secured by new build
ings in Omaha which are
earning substantial .returns
for the owners.
.The dividend on these
bonds is consistent with
safety. There is nothing
speculative about such an
investment and hazard is
therefore eliminated.
If you cannot conveni
ently call at our office for
a complete explanatioj of
HOME BUILDERS' Bonds,
write or phone us for in
formation. , ., .
American Security
Company
Dodge, at 18th
Omaha, Nebraska .
J. A. Rohrbough, President
0. C. Shimer, Secretary ,
Tomorrow May
Be Too Late
Obey That Impulse
If you have been following our ad
vertising during the past few days you
cannot help but realize that we have a
very legitimate and logical reason for
closing out our truck business at rock
bottom prices. '
This offer of new and used trucks at
greatly reduced prices is a sincere offer
and we mean just what we say. We
are closing out our truck business in or
der that we may enlarge our facilities
for handling passenger cars. We have
a number of used trucks of standard
make' which are in excellent shape as
well as several brand new models in
stock.' ; N
Several firms have taken advantage
of this offer already. We still have a
few left. Better; act now tomorrow
may be too late. .
Peterson Motor Company
2427 Farnam Street , Omaha, Neb.
1
OIL LEASES NEW MEXICO AND TEXAS
40 ACRE TRACT $80.00
Read Article From Th New Mexico Oil Digest of May 1st, 1920.
World's Next Greatest Gusher Field, McGee, Is Prediction For
, ' New Mexico
New Mexico beyond a question of doubt is destined to become the next
great oil field of America. The oil fever throughout the state is at its height,
and many eminent geologists are located in the state, and they are all of ffii
opinion that the next few months will prove the greatest oil structure that
can be-fouad any place in Uie world. From a geological standpoint, the struc
ture iq New Mexico surpasses many of the world's greatest oil pools.
Every county in the state is receiving a big play. There are millions ef
dollars being spent for drilling and more than 150 companies, including the
largest, are operating in the state.
New Mexico offers the greatest possibilities for the small Investor, es
well as the operating companies. '
Great fortunes will be made in the state this year, as it is a virgin terri-"
tory, and that the state contains oil has been absolutely proven by the Brown
well at Artesia, and oil is being produced at 327 feet in McKinley county. ;
Protect yourself with a 40 -sere New Mexico state lease, near drilling
wells at $2 per acre or $80 for 40 acres. Rentals are only 16 cents per acre,
and Ave year leases, with five year renewal, or a ten-year lease. '
Can give you these tracts in a few miles of drilling well or locations, in
following counties, McKinley, Lea, Chaves, De Baca, Valencia, Lincoln, Eddy,
Union. .
Can give you larger tracts, if wanted, also acreage in eounties in Texas.
III. Producer Co. No. 1 in Eddy county. New Mexico, reported standing
full of oil at 2,200 feet and building a 25,000-barrel storage tank.
The Bell well in Texas, just south of the New Mexico state line, is re
ported as a wonderful well at a shallow depth of 66S feet, and reported to
have made 85 barrels per hour when placed on the pump about two weeks ago.
Salesmen and brokers wanted to handle our acreage.
Buy these while they last at this price, and wire or write for full informa
tion. , . ! - .
BUCHANAN LEASING SYNDICATE
Office: St. Joseph, Mo.
Phone 3634 Main 402 Bartlett Trust BUg.
BBB39B
r
UPDDKE SERVDCE
We Specialize in the Careful Handling of Orders for
Grain and Provisions
FOR
FUTURE DELIVERY
, IN '
AH Important Markets
WE ARE MEMBERS OF-
Chicago Board ef Trade . St. Louis Merchants Exchange
Milwaukee Chamber of Commerce Kansas City Board of Trade
Minneapolis Chamber of Commerce Sioux City Board of Trade
Omaha Grain Exchange
WE OPERATE OFFICE at
CHICAGO, ILL." GENEVA, NEB.
SIOUX CITY, IA. DES MOINES. IA.
HOLDREGE, NEB. MILWAUKEE. WIS.
OMAHA, NEB. I
LINCOLN, NEB.
HASTINGS, NEB.
ATLANTIC. IA. ' HAMBURG, IA.
All of these offices ere connected with each ether by private wires.
Wo 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 will pay you to f et in touch with ona of our office
when wanting to BUY or SELL any hind of grain.
WE SOLICIT YOUR
Consignments of All Kinds of Grain
to OMAHA, CHICAGO, MILWAUKEE and SIOUX CITY
Every Car Receivet Careful . Personal Attention
The Updike Grain Company
THE RELIABLE CONSIGNMENT HOUSE
