80
THE OMAHA SUNDAY EEE: MAY SO, 1920.
8
FOUR OMAflANS
WILL PLAY GOLF
ON SCOT LINKS
Overseas July Foursome at
Rothesay Arranged by
, Business Men Sailing Soon
- On European Trip.
J. M. Gilchrist, George Brandeis,
E. John Brtndeis and W. J. Coad,
Omaha business men, have agreed to
play a foursome on the golf links at
Rothesay, Isle of Bute, near Scot
land, during July. The date has
not been determined, but that detail
. will be agreed on when they have
reached Europe next month.
. The Brandeises are now fn New
York and will sail soon. .Mr. Gil
ehrist will leave Omaha 6n June 4
and will spend several weeks in
Washington on business, after which
he will sail on the Royal George,
June 23. for Southampton.
The four Omahans have been
gtHfers for several, years, but have
never met in a foursome. In the
forthcoming Scotland match .'Mr.
Gilchrist and Mr. Coad will play the
Messrs. Brandeis. It is probable
that Walter W. Head, president of
the Omaha National bank, will wit
ness the overseas match, and in the
vent one of the four should be un
able to keep his appointment, he
will act as substitute.
j Gilchrist to Visit Mother. .
Mr. Gilchrist will be accompanied
broad by . Mrs. ' Gilchrist and
laughter, Myrne. He expects to
Visit his mother; 83 years old, who
.lives in Glasgow. He has not seen
her since he was in Scotland seven
years ago.
"I am not going to continental Eu
' rope on this trip," Mr. Gilchrist
said. "I saw the continent during
1913 in all of its beauty and I have
no desire to have that memory
marred by the scenes of devastation
' which I would now see."
- : In Training for Match.
During the last few weeks Mr.
Gilchrist and Mr. Coad have been
j busy on the links, in anticipation of
defeating the Brandeis team in July.
Rothesay, where the match will oc
cur, is a popular seaside resort, sim
ilar to Atlantic City.
. .Friends of Mr. Gilchrist, an ex
pert accountant, have been joking
him over the suggestion that he has
; made so much money this year
through figuring other people's in
come statements for tax purposes,
that he is able to take a journey
abroad. Jokjngly, hV made such an
v assertion recently to Mayor Smith.
Preacher to.Appeal
- Suit for Pay Won by
Late Congregation
ReT. J. E. Byrd, late of Alexander,
La., later pastor of the Freestone
New Hope Baptist church, 1112
Cnilth Ttih-tanth mtrmm Omaha AiA
; not "turn the other cheek" when his
legal enemies, the members of his
late negro congregation, won a vic
tory over him yesterday in Justice
f. of the Peace Collins court, where he
'vhad brought suit to replevin the fur
niture of the meeting house in lieu
. of his salary. He appealed to the
district court.
"Ef dey'd only pay mah salary
foah de time Ah preached at dem
! foaks," the preacher explained to
Justice Collins, "Ah wuldn't 'peal
t dis case. But Ah'm right. What
v . dem folks goin' do wid a pulpit an'
a Bible ?2 . .
Libert Bond.
Nw York, May 2. Liberty Bond
Final pricei today were: JV4s, St. TO; first
. 4a. ST.lt; second 4a. 87.14; first 4U. 87.82;
Mcond 4 "4 s, 87.38; third 4 s, 91.40;
fourth 4H. 88.12; Victory 8s. 6.02;
Victory 4is, 06.06.
New Tori, May ti. Liberty Bonds
Final price today were: ma, 81.70;
tint 4a, 87.60; seoond 4s. 87.14; first 4Ks,
,; 17.11; second 44i. 87.82; third thin, SI. SO;
.fourth 88. io; Victory Js, 86.02;
Victory SKsj tt.0.
, T Prio of Potatoes.
- Chicago, May 2. Potatoes. Steady
receipts II ears: northern white, sacked
and bulk, f7.7S08.OO; new, steady; Ala
bama, bliss triumphs, S9.006i8.2ti; Louls
. Una Burbanka, 87.0007.25 cwt.; Florida
" No. 1. barrel!, 114.25914.76; No. 1, 112.25
, 4)12.00.
f i "' 1
t
Security
Real Estate is
wealth. No
curity than well located business property.
The American Bank building site is located in
the heart of Omaha's business activities; therefore
the safety of the investment is unsurpassed.
Far nine PnwArThe rental income of the
Cdmiiig i wwerAmerican Bank Building hag
been very conservatively estimated as more than
three times the dividend requirements. These se
curities yield 8 as a minimum and participate in
the earnings of the company.
flnnnrfiinitvTllu8 viewd from every angle,
UppOriUmiy SAFETy of principal, its earning
capacity and certainty of 8 OR BETTER returns, .
we feel that no investment offered the general pub
lic can compare with these AMERICAN BANK
BUILDING securities.
Offered in Amount of $500.00 or Mora. Terms if Desired,
t . V : For Full Information Addretu S
American Bank' Building Co.
Room 6, Weed" Building.
Market
Live Stock
Omaha, May It, 1820.
Receipts wsra: Cattl. Hois. 8hsep.
Official Monday (.148 10.14 4.(81
Official Tuesday.... 4,442 18, 4.4CS
Official Wednesday 1,014 15.188 S,5(
Official Thursday... S.101 10.822 8,821
Official Friday .... 2,1J 18,702 80S
Estimate Saturday.. 25 8.700 .j
Six dava this week.20.22 71.154 18,543
Sams days last week.21,980 51,584 22,404
Hume two weeks s(0.2,707 44.300 33,878
Sim thre wks. sco.30.400 88.754 28,241
Sam day year ago.27.308 41.084 24,5S
Receipts and disposition of live stock
st the Union Stock Yards, Omaha, Neb.,
for 24 hours ending at I p. m., May zs.
1820.
RECEIPTS CARS.
Cattl Hogs
Missouri Paclfla 1
Union Paciflo 1?
C. N. W east 5
C. N. Vt'., west ., 1 52
C, Ht. P. M. O 4 20
C, B. & Q., west 18
C. R. L at P.. east (
C. R. I. & P.. west 2
Illinois Central 1
Cbi. at Wes. 1
Total Receipt
11
123
DISPOSITION HEAD.
S.
I
ogs
355
;:i
098
677
479
318
Morris A Co. ......
Swift Co
Cudahy Packing Co.
Armour A Co
J. W. Murphy
Llningsr
Total .881
Cattle There was the usual meager
week-end supply of cattle hefe Saturday,
about 250 head, and prices were much the
same as on Friday. For the week re
ceipt were a little over 20,000 head, or
8,000 less than the week prevloua and
7,500 short of the same week last year,
and price throughout were decidedly er
ratic. Both local and outside demand
centered In the yearlings and handy
weights, and these advanced 2540c for
the week, with tops at 13.7613.00.
Heavy cattle were alow sale throughout,
with the trend to price around a decline,
amounting to 26 60c. It takes choice
heavy beeves to bring better than 812.00.
Cows and heifers declined about 2660o
for the week under Indifferent and un
dependable demand. Veal calves were
strong and bulls and stag about steady
throughout. In atocker i and feeders
trade was dull from start to finish, with'
prices unevenly lower all, around.
Quotation on cattle: Good to choice
beeves. 311.60 8(112.50; fair to good beeves.
S10.7511.60; common to fair beeves. 39.50
10.75; good to choice yearling, 311.50
t:l nil fair ti enm yearlings. s. 60lMl. 6u:
common to fair yearlings, 38.0009.60;
choice to prim heifers, S10.25ll.26;
good to choice heifers, 39.0010.25; com
mon to fair heifers. 7.50.00; choice to
prime cows. . 60 Will. 50; Rood to choice
cows, f8.60Q9.60; fair to good cow, $7.00
($S.60; common to fair cows, $4.00 7.00;
choice to prime feeders, 310.00&10.75:
good to chole feeders, 39.00IS10.25; me
dium to good feeders, $8.008.00; com
mon to fair feeders, 7.008.0; good to
choice stockers, 9.6010.60; fair to good
stockers, 27.76.00; common to fair
grades, I6.007.75; stock heifers, 36.509
S.60: stock cows, 36.00ffli8.26; stock calves,
16.0099.50; veal calves, 39.00913.00;
bulls, stag, etc.. $6.00910.60.
Hogs Receipts of hogs Saturday Was
126 loads or 8,700 head making the total
for the week 71,200 head as compared with
59.500 head a week ago and- 69,000 last
year. Saturday's market opened 16 26c
lewpr than Fridav and a-radually weak
ened with the close 30940c lower. The
market on the whole averagea a Dig zoc
lower with bulk of sal $13.25913.76.
and top, $14.26. Trade for the week? has
been In an unsettled condition, and while
sum advance was made during the mid
dle of the week the market Is closing
with a decidedly weak undertone and
price fully 26950c lower than a week ago.
No. AV. Sh. Pr. ' No. Av. Sh. Pr.
41. .230 70 13 00 62. .349 110 13 26
67. .317 70 13 35 66.. 800 70 13 40
83. .186 120 13 60 66. .262 lit 13 60
77. .885 80 13 65 100. .168 ... 13 76
85. .232 ... 13 76 94. .184 4V 13 80
68. .271 ... 13 85 70. .214 ... 13 90
61. .236 70 14 00 37. .234 ... 14 25
Sheen There were no fresh Iamb re
ceived Saturday. Total for the week
reached 16,600 head 1 as compared with
23,400 latt week and 24,600 the earn week
lust year. The market, a a whole, ha
been devoid of any special feature and
receipts have been light enabling sales
men to hold prices up fairly well. A little
strength was noticed at mid-week, but
this was about all that could be said. Just
er.ough advance was made to offset the
early part of the week and the lambs and
heep market 1 closing steady with last
week. i
Quotation on Sheep and Lambs Fat
wooled lsmba, 316.76 17.00; fat shorn
lambs, $14.50916.00; cull lambs. $9,009
18.00; shorn ewes, $8.00910.00; ewe culls
and canners, 32. 006)5.00.
Chicago Live Stock.
Chicago, May 28. Cattle Receipt.'
2,600 head; no trading today. Compared
with a week ago: Heavy beef steera,
steady to strong; other weights mostly
16o to 40a higher; calves, 60c to $1 higher;
all other classes steady.
Hogs Receipts. 12,000 head; mostly 15c
to 26o lower; top, $16.10; bulk light and
light butchers, $14.80915.00; bulk, 250
pound and over, $14.30914.65; pigs, 26c
lower, with bulk at $12.00912.60.
Sheep Receipt, 3,000 head; practically
all of today' arrival were direct to
packer. Compared with a week ago:
Best lambs, 50c to $1.00 higher; common
and medium lamb. $1.00 to $2.00 lower;
sheep, $1.00 to $1.25 lower.
Kansas City Live Stock.
Kansas City. Jto.,- May 29.-I Cattle Re
ceipts, 1,400 head; for weekc choice and
prime beef steer. 15c lower; heavy, barely
steady; yearling and fat cows, 60c to
$1.00 lower; bulls, steady veal and calves,
steady to 60o higher.
Hogs Receipts, 600 head; 'all weights
fully 25o lower than last week's 'average;
top, $14.30; bulk, light and mediums,
$13.76914.30; bulk heavy, $13.75914.16.
Sheep and Lambs No receipts; for
week: Sheep, 2 So to 60c lower; clipped
lambs and yearlings, steady; spring lambs.
boo to 75c higher; goats, $1.50 to $1.15.
We Offer
$500,000.00
American
Bank
Building
8 Participating
Preferred Stock
Tax Free in Nebraska
Exempt Front Normal
Income Tax
Non-Assessable
the basis of all material
man can offer better se
Omaaa, Nebraska
and Financial News of
Chicago Grain
By CHARLES D. MICHAELS.
Chicago Tr1bune-Omaa Bee Leased Wire,
Chicago, May 29. Instead of go
ing all to pieces as the trade ex
pected Friday, supporting orders
were v put in the market for corn
at the start. It is said that one big
order came from a bear house and
the construction put. on the trade
was that it was to prevent demor
alization and at the same time
strengthen values, making Short
salens safer. The Argentine news
brought a material change in senti
ment in certain quarters, the im
pression being that it was not wise
to follow the declines too far.
Another factor was the failure
of receipts to show as large as ex
pected and the order of the Bur
lington road stopping loading of
empty grain cars in Illinois, as they
are needed to fill an imperative
order issued by the Interstate Com
merce commission for 40 cars a day
for moving grain and flour from
Minneapolis. This necessitated the
taking of empties out of Illinois
and will restrict the movement.
Tbs best Informed say that until the
market are filled up with corn, Chicago
Is not expected to have a big run. As to
the action of ths market on Tuesday,
traders are not so sure that there will be
as large a run of grain ss expected a few
days ago. and that any break In prices
will bring buyers.
' Friendly to September Ooats.
Some of the radical beors of lata are tak.
Ins- frlendlyto the buying side of Sep
tember oils. The only excitement In May
trading was in rye and barley, where shorts
bid up rye 13a and bought May and sold
July at 30c difference. There wera de
faults on rye end barley and claims that
one small lot ef corn was defaulted on.
Cash corn sold on a delivery basis, while
rye was May price to 3c under.
The trad evened up at the last for
the Monday holiday.
Receipts of corn were 10 cars. Country
offerings wre much smaller as th re
sult of the break in prices Friday, and
purchases were small.
Oats fluctuated rapidly, but closed
strona. The short interest in May was
somewhat larger than expected. Commis
sion houses bought July freely as cash
oats failed to weaken materially, be
ing unchanged to 'io lower with receipts
54 cars.
Cash wheat at Chicago was firm with
No. 4 yellow herd at 12.76 and No. 4
northern at 12.81. Receipts eight car.
Minneapolis was unchanged at 6c lower.
Futures Active.
A great deal of exchanging of future
for tha cash wa under way In rye. Sales
at the seaboard Friday were reported at
600,000 bushels to Norway. May was con
gested and advanced sharply. No, 2. on
track sold at l2c under May at $2.22
2.2o. Receipts 11 cars.
Barley grading No. 8 or better advanced
2 3c, while other kinds were unchanged.
Spot sales were at tl.461.64. Receipt
11 cars. i
Foreian demand for cash wheat was
fairly brisk, and while i quantities were
not given, an otfering at tne gulf were
acceuted over night. Bids tfhfre were
on the basts of $3.13 or 3c above the close
of the previous day for shipment during
any 15-day period up to September 1.
The Interstate Comerc commission has
ordered the railroads to unload 2,700 cars
wheat held at Oalveston. Bids ot 13 were
made c. 1. f. Georgia bay.
Pit Note.
The trade explained the failure of tha
markets to decline in the face of the
bearlshness and break in prices late Fri
day as due to the placing of a large buy
ing order with the Wagner house, which
was attributed to a larger local operator,
who absorbed the offeringa and the pit
element being sfiort became good buyers.
Although the Argentine news denying
that there would be a prohibition ot ex
ports cams after the first bulge, there
were a good many careful traders, who
have wateched the movement from Ar
gentine, who are inclined to believe that
it will not be long before that country
has shipped the bulk of it surplus and
will have little or nothing to export. This
brought a moderate change in sentiment
and was helped later by disappointing re
ceipts and Indications that the movement
the first part of this week will be dis
appointing, i .
There has been a good break and
traders who have been bearish in many
instances have taken their profits and
ovened up for the holiday Monday. Con
st rvatlv people are not disposed to fol
low the shot side too far, as there Is
too much of a difference between the
July and the cash corn. The latter sold
on a delivery basis during the day and
was 34o over the cash at the close.
There were defaults in the May de
livery of 16,000 bushels of corn, 15,000
bushels rye and 6,000 bushels barley.
There Is a mixup on the corn, and In
the rye shorts refused to settle, owing
to the market being bid 'up and held at
uOc over the July.
The New York Produce exchange has
favored an opening of the wheat trading
July 1, starting wheat trading for Sep
tember delivery on July 1. Nothing has
been heard from the other exchanges.
The commi-ttee of the 'exchanges will
meet here Wednesday, uJne 2, to consider
plans for a reopening of the wheat trade.
The Lever act is still In force, although
the wheat guarantee act has expired.
Some of the leading railroads ordered
out sampling crews for work Decoration
day, while the St. Paul road will have a
full inspection crew at work.' The grain
received via the latter road will be de.
Jlvered' to the. board the first thing Tues
day morning.
St. Joseph Llv Stock.
St. Joseph, Mo., May 29. Cattle Re
ceipts. 300 head; market nominal; cows
and heifers, I5.0013.25; steers, $9,000
13.00; calves, J6.0013.00.
Hogs Receipts, 4,000 head; market 16
,26c lower; top, 114.66; bulk, I14.1014.60.
Sheep Receipts, 800 head; market
steady; lambs, $16.00015.75; ewe, $9,000
9.76. i .
Rloox City Ilve Stock.
8loux City, la.. May 29. Cattle Re
ceipts, 300 head; market steady, 26c to 60c
lower; butchers .steady; stock cattle, 25c
lower.
Hogs Receipts, 7,000 head;'' market
steady to 15c lower; light, $13.6014.10;
mixed, $13.25014.00; heavy, $12.75013.60;
bulk, $13.00013.75.
No sheep.
Chicago Grain.
Chicago, May 29. Wheat No. 4 hard,
$2.76; No. 4 northern spring, $2 81.
Corn No. 2 mixed, $1.8901.90; No. t
yellow. tl.8t01.tl.
Oats No. 2 whit. 11.0601.07; No. I
white, $1.04 01.07.
Rye No. 2, $2.2402.1$.
Barley $1.4601.56.
Tlmnthy Seed $10 00012.00.
Clover Seed $25.00035.00.
Pork Nominal.
Lard 320.60.
Ribs $175018.15.
New York Prodnce.
New York, May 29. Butter Easy, un
changed, ' Eggs Irregular; unchanged.
Cheese Easy; unchanged.
rotten end Coffe xrhange Closed.
New York, May 2t. Ths cotton and
coffe snd sugar exchange bere are elosed
today.
Minn en noils Floor.
Minneapolis, Minn., May 29. Flour
Unchanged. Bran $63.00. 1
The German Mark Is Advancing
Faster Than Any Other Foreign Currency
Closed Saturday, May 22, 2.44 Closed Monday, May 24, 2.S2
Opened Tuesday, May 25, 2.63 Opened Wednesday, May 26, 3.05
An Advance of Over 200 Since March, 1920.
W predict the Mark will sell at 6e before August next. Buy German Bonds
with every assurance of making several hundred per cent profit within a year.
' Normal value of Mark, 23.8. Those who have followed our advice and bought
German Bond and Mark have made over 100 profit already.
Buy Now, at Least 10 German 1,000 Mark Bonds at
$35.00 Each.
Buy 20 of These Bonds if You Can.
Pay on our installment plan, 20 cash and 10 equal monthly
payments
Wire your orders at our expense and let remittance follow by
first mail. Act quick I Large profits are straight ahead.
Write , for complete list of Government, City and Industrial
Bonds of all European countries.
OPTIONS ON GERMAN MARKS GOOD FOR. 6 MONTHS.
10,000 Mark Options, $60 100,000 Mark Options, $425 I
All prices subject to Chang without notice.
Hour transferred to all parts of Europe by eeble; draft issued on Deutsche -Bank.
Barlin and He branch la Germany. Correney of all European countries
bought end sold. I ' 1 "
, HENRI & BERNHARD WOLF & CO., INC
Deelere Foreiga Exckenge and Feraign Beads
180 Mdtsi Avenue. New York Cftyw
Omaha Grab
Omaha, May 29.
Wheat ranged Whanged to t cent
higher. Bast graas war not roucn
changed, while No. 4 and No. I bard
were generally light.. Exporter were la
th market with bid t cents up. Corn
ranged 1 to I cents lower, white showing
th greatest decline, being 7 to S cents
off. Yellow wa about 1 to $ cent off
and mixed 1 to i cents. -Oat war up
Ji to 1 cent, th No. 3 whit showing
the extreme sdvsnce. Rye jumped 9
-ents and barley wa firm. Receipt of
corn today showed an appreciable In
crease over the average recently with 75
cars. Cash sales were:
WHEAT.
No. 1 tisrd, 1 car, $2.93; 1 car, $2.93.
No. i hard, 1 car, $2.91: 1 2-3 car. $2.90.
No. 3 hard, 4 cars, $3.86: 1-3 car, $2.16;
3 cars, $2.86 (smutty; 1 car, $2.84.
No. 4 hard, 1 car, $2.86; 4 cars, $3.84;
4 cars, $2.83; 1 car, $3.77 smutty); 2 cars
$2.76 (smutty);.
No. 6 hard, 1 car, $2.77; 1 ear, $2.7$;
2 cars, $2.76.
No. 2 mix, 1 car, $2.89 (13 per cent
durum). 1
No. 3 mix, 1 car, $3.77 durum); 1 car,
$2.75 (durum).
No. 3 spring, 1-1 cr, $2.8$ northern).
No. 4 spring. 1 car, $2.80 (northern).
CORN. i
No. 1 whit. 4 cars. $1.84. ' 1
No, 3 white, S cars, $1.82.
No. 4 white, 1 car, $1.80.
No. 6 white, 3-5 car, $1.75.
No. 1 yellow, 1 car, $1.86.
No. 2 yellow. 2 cars, $1.84; I cars, $1.83;
2 3-6 car, $1.82.
No. 3 yellow, 1 car, $1.82; 13 car, $1.80;
1 car, $1.80 (shippers' weight).
No. 4 yellow, 1 car, $1.78; 1 car, . $1.78
(shippers' weight.)
No. 6 yellow. 1 car, $1.72.
Sample yellow, 1 car, $1.66 (treating
musty).
No. 2 mix, 1 car, $1.81; 3 cars, $1.81.
No. 3 mix, 2 cars, $1.80; 1 car, $1.78;
1 car. 31.78 (4.9 per cent damaged, 4.9 per
cent foreign material). ....
No. 4 mix, 1 car, i.7; i car, si.is.
No. 6 mix, 1 car, $1.73; 1 car, $t.7S
(musty): 1 car. $1.73 (musty); 3 car.
$1.70 (musty). .
sampift mix. i car, fi.vfi, a -j,-..
(heating).
No. 2 white. 1 car, $1.03 M-
No. 3 white. 1 car. lOo (shippers'
weight); 1 car, $1.03.
No. 4, white, l car, si.ui'i.
Humnl. white. 1 oaf. $1.01 (17 per
cent corn)'; 1 car, 98 Mi (beating, musty).
RYE,
No. 3, 1 csr. $2.06.
No. 3, 12-6 car, $2.04; 3-5 car, $2.04.
BARLEY.
No. 1 feed, 1 car, $1.38.
Rejected. 3-6 car, $1.36.
OMAHA RECEIPTS AND SHIPMENTS.
Receipt. Today. Week Ago. Year Ago.
Wheat 88 45 46
Corn 76 49 179
Oat . 27 17 69
Rye . i
Barley r , ' .
Shipments. uoaay. ween ;
Wheat 81 37
Corn 39 34 .59
Oat 2 28 ' 32
Rye 8 1 ..
Barley . . . . ; 1
CHICAGO CAR LOT RECEIPTS.
Week Year
Today. Ago. Ago.
Wheat 18 13
Corn - 102 102 100
Oats 68 70 65
KANSAS CITY" RECEIPTS.
'' ' Week Year
Today. Ago. Ago.
Wheat 98 188 49
Corn If 26 100
Oats 7 4 60
ST. LOUIS RECEIPTS.
Week Year
' Today. Ago. Ago.
Wheat 66 66 70
Corn . 67 69 74
Oats t. 26 69 73
NORTHWESTERN RECEIPTS WHEAT.
Today. Wk. Ago. Yr. Ago.
Minnesota 166 249 242
Duluth 61 61 26
Winnipeg 137 101
PRIMARY RECEIPTS AND SHIPMENTS.
Receipts Today. Year Ago.
Wheat 686,000 671,000
Corn 629,000 1,106,000
Oats 245,000 237,000
Shipments
Wheat 647,00 871,800
Corn 896,000 964,000
Oats 692,000 707,000
. Chicago Closing Prices.
By Updike Grain Co., Doug. 2627, May' 29.
Art. I Ctoen. I High, f Low. I Close. . Yeat
Corn I f
Omaha Hay Market.
Receipts light on both prairie hay and
alfalfa and with the demand being quiet
(he market is lower on all grades of
prairie hay. Alfalfa is some easier. Oat
and wheat straw steady.
Upland Prairie Hay No. 1, J25.60 9
26.50; No. 1. $21.00022.60; No. 3, $14,000
18M1dland Prairie Hay No. 1, $24,000
25.00: No. 2, $21.00022.00.
Lowland Prairie Hay No 1, 1 J
17.00; No. 2. $13.00016.00 No. 3, $8,000
l0A?falfa Choice, $33.00034.00; No. 1,
831 OC33.00: standard. $26.00030.00: No.
2. $19.00022.00; No. 3, $14.00016.00.
Straw Oat, $10.00013.00; wheat. $9.50
11.50.
New York Money.
New York, May 2t. Mercantile Paper
Unchanged. Sterling Sixty-day bill, $3.83; com-
mercial 60-day bills on banks. $3.88; com-
merclal 60-day bills, $3.82; demand,
$3.87; cables, $3.88.
Francs Demand, 13.02c: cables, 13.00c.
Belgian Francs Demand, 12.42c: cables, j
Guilders Demand, 36c; cables, 36c. '
ijire uemana, ii.ui wuiw, xi.vuu. t
Mark!) Demand, ' l.Stc; cables, 2.60e.
New York Exchange on Montreal 11
per cent discount.
Bonds Government, strong; railroad,
strong.
Chicago Produce.
Chicago, May 29. Butter Lower;
creamery, 41052c.
Eggs Lower; receipt. 22,664 cases;
firsts, 39040c; ordinary firsts, 36 O
36c; at mark, cases included, 37039c;
storage packed extras, 42 c; storage
packed firsts, 42042c.
Poultry Alive, unchanged.
Turpentine and Rosin. 1
Savannsfli, Ga., May 28. Turpentine firm
$1.76; sales 116 barrels; receipts 160 bar
rels; shipments $10 barrels: stock 2,376
barrels.
Rosin firm: sale 424 casks; receipt 381
casks; shipments 220 casks, stock 16,136
casks.-
Kansas City Produce.
Kansas City, Mo., May 29. Butter, egg
and poultry unchanged.
lUnv 1 4 1 .SOU 1.87 1.88 1.89
July 1.66 1.66 1.64H 1.66 1.63,
Sept 1.63 I 1.64 I 1.61?, 1.64 I 1.61
Kve I I. I ( .
May 1 2.18 1 2.30 2.18 2.30 2.17
July 3.01 2.01 1.99 , 2.00 1.B7J4
Pept. ' 1.90 I 1.90 j 1.88V4J I.89V4I 1.86
Ms 1.04 ' 1.05 I 1.03 I 1.04 , 1.03
.Tuly .89 .89 .87 .89 .87
Sept. I .75 .76! MM) .75 .7614
Fcrk I I I I I
May 133.10 133.10 132.76 I32.75 133.40
.lulv 134.00 134.25 134.00 134.16 134.15
Lard ! I I I I
May 120.70 120.70 120.60 20.50 120.60
July 121.10 121.15 21.02 21.10 . 21.16
Sent. 121.90 122.00 121.90 21.t0l21.tS
Mav I17.80 'l7.80 '117.75 117.77 l7.60
July 118.26 118.30 1 18.26 118.30 18.30 ;
the Day
Financial
Chicago Trlbuna-Omahe Bee Leased Wire.
New York, May 29. The out
standing event in the financial mar
kets today was the increase of re
discount rates at the federal re
scrveank. The announcement came
unexpectedly, but as it appeared
after the close of business i(i se
curities, it had no reflection in the
session's sluggish dealings..
The increases, besides being
abrupt, were more sweeping in some
particulars than the street had
thought probable when changes
were discussed a fortnight ago. The
commercial paper rate was raised
frcm 6 to 7 per cent, excepting
bankers' acceptances, the rati on
paper secured by Liberty bonds
and Victory notes went from 5J4
to 6 per cent, bankers acceptances
from S to 6 per cent and treasury
ceitificates from 5 to 5vS per cent.
A 7 per cent commercial bill rate
makes the cost df rediscounting
such paper higher, at New- York
than at other reserve banks, and it
will be interesting to trace the in
fluence of the movement else
where.
Tha increases brings th bank' rates
In Una with quotations In the open market
and aa a movement upward is logical, in
view of the general coat of credit, It
should not, perhaps, be as surprising to
the financial community as :t was.
Effort to Conserve Credit.
The relatively low rates for call loans,
together with a slight easement of time
funds during th week, had led the street
to believe that the credit situation was
growing easier, while events may snow
that money, as distinguished from credit,
had reached a more comfortable stata at
New York than a few weeks since, still
the rise of rediscount charges tell a story
of effort to conserve credit which is not
to be Ignored in industry and the security
markets.
Stocks were generally firm and the rail
road issues disclosed a further demonstra
tion of Increased purchases. Th absence
of many professional trader and a
natural slowing down of public Interest in
the market because ot th holiday acted
to prevent the display of any pronounced
price tendency. Railroad bonds war .firm
although inactive.
Loan Still Heavy.
The federal reserve bank statement
showed that the burden of loan wa still
heavy at this center. The bank gained
$7,500,000 in th gold settlement fund and
gold reserves were approximately $6,000,000
higher than tha week before, but the
statement failed to show that gold re
ceived In San Francisco during the week
had any matertal representation In the
figures here. While rediscounts of war
paper declined about $3,000,000 for ac
count of both members and other federal
reserve banks, the rediscount of mercan
tile bills increased more than $18,000,000.
The bank bought $7,800,000 bills in the
open market and the total of all bills
on hand at the end of the week was
$23,700,000 more than a week before.
These and other changes caused the re
serve ratio to react from 42.3 to 41.8 per
cent.
Tha clearing house report showed en
increase of $18,600,000 in loans and an
expansion of $16,000,000 In surplus reserve
which reflected a growth of $28,000,000 in
reserve credits at the reserve bank. It
looked as though a gain In loans and
$88,000,000 expansion of demand deposits
disclosed preparations for June i interest
and dividend needs. Presumably the ad
vance in stocks during the week also had
a part, although a small one, in the in
crease of loan.
New York Quotations
Number of shares and rang of price
ot th leading stock furnished by Logan
ft Bryant Peter Trust building:
RAILS. Friday.
High. Low. Close. Close.
A.. T. ft S. F 81 81 81 81
n a. nhln . S2U. 32U 32 32
C Pacific 118 118 118 11
N. Y. ft H. R 71 "'I
Q. North. fd .... 74 74 74 74J4
t St. West. ...4 7 7H 7 7
III.; Central 86 '5 85 84
Mo.. Kan. ft Tex.. 6 K tt 4 H
K. C. Southern .. 1V4 1U 1J 1
Mo. Pacific 25 2614 26 25
N. V N. H. ft H.. 81 30V4 30 SJ
No. Fao. Ky i; !
a. w W ... lift 82 88 82
Penn. R. R 40 39 40 8H
Reading Co.,...i. s
C- R. I. ft P.... 37 36 37 36
So. Pac. Co.. 6 96Vi 6 96
So. Railway...... 23 22 22 22
Chi.. M. St. P. 34 33 33 34
Union Pacflc 118 117 118 117
Wabash -8 8 8 7
STEELS.
Am. C. ft F. . ... .136 135 13 136
Allls-Chal. Mfg... 86 34 36 34
Am. Loco. Co.... 7 96 97 97
Ltd. Al. SH. Corp. 43 43 43 - 43
Bald. Loco. Wks.. 114 113 114 114
Both. Stl. Corp... 90 89 90 90
Crucible Steel Co.. 136 134 134 133
Am. steel Found.. 39'i 39 39 8)
Lackawanna Steel. 71 70 71 69
Midvale Steel & O. 42 41 4Z
Rep. Iron ft Steel. 91 .90 90 91
Ry. Steel Spring... 97 97 97
Sloss-Shef. S. ft I. 65
U. S. Steel 94 93 4 94
COPPERS.
Anaconda Cop. M. . 68 67 68 68
Am. Smlt. ft Rfg.. 61 60 (0 61
Butter ft Sup. Mln 22
Chile Copper Co... 16 16 16 16
Chlno Copper Co.. 32 32 32 32
Inap. Cons. Cop... 63 63 63 63
Kennecott Copper. 28 27 28 28
Miami Copper Co.. 21 21 21 20
Ray. Cons. Cop. Co. 17 17 17 17
Utah Copper Co... 71 70 71 $0
INDUSTRIALS.
Am. Beet Sugar... '. ... 91
A.. O. ft W. I. S. S.164 164 164 164
Am. Internat. Cor. 86 83 88 85
Am. Sum. Tib. Co. 89 89 89 89
Corn Pr. Rtg Co. 94 93 93 94
Nat. En. ft &arop 71 71 81
Flsk Rubber Cn.. 30 30 , 30 80
r.en. Electric Co.. 145 144 146 146
Gas. W's ft Wig 11
Gen. Motors Co.. 28 27 'i 27 27 Ti
Goodrich Co 65 62 65 62 I
Am H ft Lthr Co. 19 19 J
Has. ft Brkr. Car C8 67 68 6S
U S Ind Ale. Co.. 88 86 85 86
Inter. Nickel 18 18 18 184
Inter. Paper Co.. 71 71 71 71y,
AJax Rubber Co 69
Kelly-Bp'grd Tire.109 107 109 105
Keystone Tire ft R. 28 26 28 26
Inter. Mere. Mar.. 80 30 80 21
Maxwell Motor Co. ... . 24
Mexican Petrol.;. .177 176 176 177
Middle States OH. 26 26 28 26
Ohio Cities Gas... 88 38 38 18
WilIy-OverIand .. 18 17 "18 17
Pierce Oil Corp... 17 16 16 16
Pan-Am. Pet. ft T.104 103 103 104
Plerce-Arrow Mot. 61 50 60 61
Royal Dutch Co.. .114 114 114 115
U. S. Rubber Co.. 96 94 95 94
Am. Sugar Rfg... 127 126 127 126
Sinclair Oil ft Rfg. 33 32 32 33
Sears-Roebuck Co. 215 215 216 216
Stromberg Carb... 77 76 76 75
Studebaker Corp... 69 67 68 68
Tob. Prod. Co.... 68 69 69
Trans-Con. Oil.... 15 14 16 14
Texa Co. 48 47 47 48
V. 8. Fd. Pr. Cp. 64 63 64 64
The Wht Mo. Co. 53 53 . 53 52
Wilson Co., Inc.. 64 64 64 63
Western Union 83;
Westh. El. ft Mfg. 49 48 49 48
Amer. Woolen Co. 98 97 98 97
Money 6
Marks 0266 .0308
Sterling 8.88 3.90
Total sales, 301,200 stares.
New York Dry Good.
New York, May 2. Dry goods markets
todsy were qniet with many houses closed
until after the holiday. Cotton goods were
steadier, with burlaps easy. Raw silk
wa lower and woolens and dress goods
quiet.
Turpentine end Rosin.
Savannah, Ga., May M. Turpentine
Quiet, fi.75; sales, 'none; receipts, 622
bbls. ; shipments, 35 bbls.; stocks, 2,062
bbls. .
Rosin Firm: sales, 100 cask; receipt,
1,(18 casks; shipment, 2,829 cssks; stock,
16,026 casks. Quota: B, 13.0; D, E,
F. O, H, llt.sO; I, 117.06; K. 117.10; M.
117.66; N, 117.80; WO. 116.20; WW, 11.40.
Mew York General.
New York, May 2. Wheat Spot
steady; No. 2 red and No. t hard, $1.12;
No. 2 mixed durum, 11.10 . L f. track
New York export.
Corn Spot steady: No. 2 yellow, 12.16H
and No. 2 yellow, 12.14 V e.U. New York,
June shipment.
Oats Spot unsettled; No. 1 whit. 11.40
1.48.
Lard Firm; mlddl west, 120.66920.(6.
Other articles unchsnged. ,
. , j ,
Evaporated Apple and Dried Fruit.
New York, May 2. Evaporated Apple
Steady. .
Prunes quiet. "
". Aprioot and Peach Study, ,
. Balrtna Titm , . '
NURSE WHO MAKES
ERROR" GIVES HER
PATIENT POISON
Accident Is Discovered in Time
To Save Woman From
Fatal Results.
Mrs. W. A. Steffan, 1& North
Thirty-third street, was poisoned
yesterday by Mrs. A. Zimmet, a
nurse, who administered the woVnan
a bichloride of mercury tablet by
mistake.
' Mrs. Zimmet discovered the acci
dent a few minutes later when Mrs.
Steffan went into convulsions. Po
lice Surgeon L. O. Riggert, who was
summoned, said she would recover.
Mrs. Zimmet told police two bot
tles which looked alike were on the
dresser. One bottle contained a
capsule which the doctor had pre
scribed for Mrs. Steffan and the
other the bichloride. '"- 1
Urges Investigation '
With View of Embargo
On Exports of Coal
Chlrago Trlbune-Omsha Bee Leased Wire.
Washington, May 29. Senator
Walsh of Massachusetts introduced
a resolution in the senate directing
the Interstate Commerce commission
to investigate the coal situation with
a view to ascertaining whether or
not an embargo should be placed
on further exports.
The senator declared that exports
of American coal have risen 100
per cent in the last two or three
months while the northwest is facing
a coal famine and New England in
dustries have been compelled to
shut down because of fuel shortage.
England, according to Senator
Walsh, is now uswig American coal
f a a medium of exchange with which
o purchase sugar in Cuba, cheap
beef in Argentina and raw materials
for her industries frcm the Mediter
ranean countries.
Stock
Exchange
Securities
We give the same careful at
tention to investment orders
in Odd, Lots as to round lots
(100 shares).
New York Stock ' Exchange
securities bought and sold for
cash and carried on conserva
tive margin basis.
WEEKLY FINANCIAL RE
VIEW sent upon request.
E. W. Wagner & Co.
Established 1887
MEMBERS '
New York Stock Exchange
Chicago Stock Exchange
Cleveland Stock Exchange
Detroit Stock Exchange
Hotel Fontenelle
1 Tyler 1944
School Bonds
5
The Independent School District
of Council Bluffs Offers
$95,000
in
denominations
of $500 Each
These Bonds Fall
1921....... $ 12,000.00
1922. 19,000.00
1923 15,000.00
1924... M 11,000.00
1925..... 10,000.00
1926 8,000.00
1927 9,000.00
1928 5,000.00
1929. ...... 6,000.00
June 1, 1940. ....
June 1,
June 1,
June 1,
June 1.
June 1,
June 1,
June 1,
June 1,
June 1.
Bonds will bear date of June 1, 1920, and will be sold for par and accrued
interest. Applications 'should be made to the Secretary at 205 Pearl street for
the particular maturities desired, accompanied by check for fifty per cent (50)
cf the amount desired, balance to be paid on delivery of Bonds. '
, ' , :
' Tinley. Mitchell, Pryor & Ross make the legal opinion as to validity of
Bonds. ": "'.. H
Values That
Do Not Shrink
ll
-''Peter Trut
Building
Petrs Trust Coaan
Tarn am aiSYvnieenih
W
UPDDKIE
We Specialize in the Careful Handling of Orders for
(Grain and Provisions
FOR J
FUTURE DELIVERY
IN
All Important Markets
. WE ARE
Chlcago Board of Trade St Louie Merchant Exchange
Milwaukee Chamber of Commerce Kansaa City Board of Trade
Minneapolis Chamber of Commerce Sioux City Board of Trade
Omaha Grain Exchange .
WE OPERATE OFFICES AT
OMAHA. NEB. CHICAGO, OX. GENEVA. NEB.
LINCOLN. NEB. SIOUX CITY. JA HSBkM WB
HASTINGS. NEB. HOLDREGE. NEB. MILWAUKEE. WIS
ATLANTIC, IA. HAMBURG, IA.
All ol the office ere connected with ach ether by private wires.
We are operating large up-to-date terminal elevators in ths
Omaha and Milwaukee markets and are in position to bandls
your shipments in the best possible manner I ., Cleaning,
Transf ering, Storing, etc.
- It will pay you to- get in touch with ono of our offices
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
TRY A WNT AD IN
Exempt From Taxation
$475,000
In the Following Denominations jand Maturities:
INTEREST PAYABLE
SEMI-ANNUALLY
Due as Follows: r
June 1, 1930 .....$ 18,000.00
June 1, 1931 29,000.00
June 1, 1932 31,000.00
June 1, 1933 32,000.00
June 1, 1934 34,000.00
June 1, 1935 . 30,000.00
June 1, 1936 32,000.00
June 1, 1937 34,000.00
June 1, 1938 36,000.00
,.....$104,000.00
M EVER have tha complete
A1 stability and dependability
of Peters Trust farm mortgage)
securities been so apparent as to
day.
If it annoys and troubles you
to have the value of your securi
ties , fluctuate, then you should
place at least a portion of your
funds in carefully chosen farm
mortgages.
6 Interest
Tax Free in Nebraska
$100 $500 -$1,000
Detailed Circular on Request
SERVICE
MEMBERS OF-
CONSIGNMENT HOUSE
THE BEE FOR RESULTS
$380,000
in
denominations
of $1000 Each
n
i A
r
. f - ,
V!