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About Omaha daily bee. (Omaha [Neb.]) 187?-1922 | View Entire Issue (July 29, 1920)
THE BEE: OMAHA, THURSDAY, JULY 2&, 1920. Market, Financial and Industrial News of the Day Live Stock Reccipta were: Official Monday Official Tuesday Kattmata Wtrinuliu Three days this wk,.' Kama aays last week Hams days 1 ws. ago, Hams days 3 ws. ago Sams days year ana. Omaha. July tt. Cattle. Hoc. Sheep. 10.ll 4.62C lt.Vii e.ill 10.77s ''15, t4 1.100 .6D0 16.760 U.etl 24,102 4S.22S 15.107 32,414 77,374 14,373 10.7OS 34,034 8.044 11,159 22,(01 22.126 24,02 B4.6J.0 Receipts ahd (Imposition of llv stock at the Union stock yards, Omaha, Neb., for 24 hours endlnr at 3 o'clock p. u., July 28, 1220: RECEIPTS CARS. Horses and '. M. & St. P 7 4 1 , Wabaah 1 .. .Missouri pHclftc. 1 1 Union Pacific 30 : 61 C. A If. W., esHt. . 1 12 -. N. W . weal, b: 47 "'., St. P., M. ft O. 11 1 . . .: '., H. & Q., east. . 12 2 1 1 .'., R & Q., west. 13 1 - H. P., east 6 10 '.. It. I. & P., west . . " 2 lllli.olH Central 1 .. 1 Chi. Ot. Weat 1 2 , Total receipts ..121 148 44 2 DISPOSITION HEAD. Cattle. Mors. Sheep. Morris & Co 14 Mwift & Co 776 1 t 1 udahy Pkg. Co S01 1,129 Armour & C( 427 1,59s Schwann & Co 5:;i I. V. Murphy 2,7f Kelley ISO Lincoln Pker. Co L'4 .... lllgglns Pkir. Co :.'." John Roth & Sons.... 2i Mayerowlch & Vail.. P. O'Dea Wilson & Co Henton & Van Sant.i P. P. Lewis HuntzlnKer & Oliver J. B. Root & Co.,... J. H. Bulla Roscnstock Bros..'. f. O. Keltor :. Wsrtheimer & Degen Kills Co Sullivan Bros.,..,.. A. Rothschild. Vo.-Kan. C. & C. Co Smiley John Ha'rveyi ... .lensen & Lundgren. Uennls & Francis... Ltnlnger . ob Omaha Pkg. Co 20 .... Ogden 125 Wolf 56 Mapper 30 Other buyers 1,044 1!) 1.1 28 10 19 2S6 8 94 15 14 20 31 33 '243 7 27 82 2,194 2,468 3,570 Total ... 8.811 ..4.444 10,913 17.865 Cattle Receipts of cattle were lighter today, with an estimate of 2.200 head. Ths . market was rather slow In setting under way, packera appeared to be Indif ferent buyers except on anything choice. Steers were called steady to quarter lower, although meat everything sold at the greater decline because quality was very Poor and common. Cow stuff was also slow to move and generally 1025c lower, while feeder demand from country and trader buyers was slack and prices ruled steady to weak. The western offerings consisted of scattered . bunches of poor I quality stuff and-sold generally at a re duction of 25c from yesterday's close. BEEF STEERS. No. Av. Pr. No. Av. Pr. 36 1201 14. SS . COWS. 33...... too to 12 1147 00 WESDERN CATTLE. . , NEBRASKA. No. " ' Av. . Pr. 11 heifers 320 IS 00 58 cows ..i 7 ' 7 25 T yearlings .. . .' 464 6 25 10 yearlings 860 8 25 67 steers 1147 9 9ft 10 cows ." 876 6 75 11 cows 877 5 (ft Quotations on Cattle Good to choice beeves, 16.0016.75; fair to good beeves, I14.0J16.00; common to fair beeves, (11.60 ($14.00; good to choice yearlings. 115. 26 11.25; fair to food yearlings, I12.0015.25; common to fair yearlings, 17.00012.00; choice to prime heifers, 811.60 12.26; good to choice heifers, $IO.EO11.60; common to fair heifers, 88.5010.60; choice to prime cows, 11.0012. 00; good to choice cows, 9.50$11.0O; fair to good cowa. 86.60 9.60; common to fair cows. 84.0006.60; good to choice feeders, 310.00 11. 00; me . dium to good feeders, 8.6010.00; com mon to fair feeders, 36. 60 8. 60; good to choice Blockers. 89.OOlS10.00; fair to good stockera, 37.6ftiftt.s0: common, to fair ftnehers, 5,9ftt.M; stock heifers, 85.00 7.00rtock cowH,-?.0.60; stock calves, 35.604it.50; veal calves, IU.U0W12.U0; bulls, stags, etc., I5.5Q1O.60;. good to choice grass . beeves, 110.60(911.76; fair to good grass beeyeev $9.5010.60; common to fair grass beeves;, 7.009.6flr good to choice grass tows, 39.0010.2S; fair to good grass rows,.- I7.0flft9.00; common," to fair grass cows, 15.50(37.00; Mexicans, 88.0UO9.75. HOGS. No. Av. Sh. Pr. No. Av. Sh. Pr. 57. .188 40 $13 60 50. .289 80 13 66 62. .261 140 18 70 72. .311 70 13 75 75. .274 270 13 80 72. .246 70 13 85 C4. .272 40 13 90 68. .248 110 14 00 98. .193 70 14 10 ' 60. .293 80 14 40 69. .264 110 14 25 62. .235 270 14 60 K7..208 230 14 SO1 80. .221 40 14 75 74. .240 .. 16 00 71. .221 .. 16 15 76. .217 .; 16 26 '-' Hogs Wednesday's hog run was estl- mated at 155 loads, or 9.600 head. Qual ity was better than Tuesday, not quite ao many heavies Showing up In the receipts. The msrkst Was a big 2635o higher and spots that looked closs to 60 higher, while an occasional load of real heavies sold down to II 3.60, bulk of ths hogs to pack ers was at 813.6014.25. Shippers also bought an occasional load down In this range; the big share of their hogs cost from -114.6016.25, the latter being the ton for the day. ,.. , Sheep Receipts of . shein and . lambs were fairly large, and while packers did not buy very freely on the early - trade, best fat lambs finally sold at steady vrlces, while others were a littles easier. Tat sheep were also generally steady: best lambs here brought I15.2515.40, and good ewe were wanted up to 87.25.' Aged wethers claim a limit of about $9.00. The feeder trade was strong and active, with "dlum light, lambs selling; around 113 6513.75. Quotations on sheep: , Fat rang lambs, 114 00015.40: feeding lambs. $11.50lS IMLf?" '"bs. 8.0010.60; yearlings. 88.i610.08: feeding yearlings. $8.26 J. 00; wethers. $7.75,00; ewes, $5.60 7.o0j feeding ewes. $5.006.25; ewe culls and cannera. $2.0004.00. Chicago Live Stock. . Chicago. July 28. Cattle Receipts .000: choice steers, steady to strong: nil others draggy at prices unevenly slow i 25o lower; top hnndy weight- stlrirs, 17.00: best yearlings, 116.76; stmng weight beeves, 116.85; bulk,, all wetRbt, $12.0016.00; bologna 'bultf active bulk. .267.25; butcher bulls,T $8. 00 10. lift; 1 f st she-stock, steady; other grades, weak to tower: bulk. M.BOW1A.50; cannera uml . utters, tYioMly $4 25,00: calves stenfly. il6.7517.25; seleoted. 117.60:.- otoeknre! sieaay. Hogs Receipts, 16.000 uneven. 10lce 'higher than yesterday, closing strung: top. $15.65; bulk light and butchers, $14.6) i 15.66; bulk packing sows, $1$.6013.75; pigs, higher: hulk, I13.7514.50. Sheep Receipts. 17,000: uneven; lambs, mostly weak to 25c lower; sheep steady; Fmahcial Omaha Grain 8be torn flirik Sip ts. New i York. July 28. Selling pres sure lessened today in the stock niar !kt:, but powers of recuperation were ' lacking, in the main, and the array of final quotations , disclosed more de clines than gains for the session. The character of dealings indicated that the bearish interests, if not dis posed to press Tuesday's advantage further,; were'Sit the same time suffi ciently .confident of their position to refrain from covering short con tracts. J .; Call money eased off from 8 to 7 per cent after standing loans had been renewed at the higher figure and the easier tendency may have had influence in heading off addi tional sales for the fall. In the grain niaiket there were highly additional movements, with less depression in evidence than the day before. Cot ton rallied as paper profits accumu lated recently on the short side were realized. Sentiment in all the mar kets was cautious, uncertain of im mediate developments which was not u'inaturat in the light of the week's general declines. Steel Hit Low Mark. It looked as though weakness in Steel common, which receded points to a new low level for the current movement caused buyers to hold off from other parts of tho market. The professional trail element was not Impressed with the quar terly earnings statement issued on Tues day, for tho reason, evidently, that tho percentage of Increase over the first quar ter had not equaled that reported by other large producing companies. It was noted, furthermore, that while the net Income In May was about 24 per cent higher than in April, the gain of .Tun" over May was not much more than 2 per cent. The deduction -from this delivering fin ished goods because of railroad conges tion had made their effeots felt In pro nounced fashion in June, with the possi bility of addltloral handicaps on mills operations In July. This theory had sup port In the week's surveys of the stool trade, but, made no allowance for ths tact that seasonal factors which usually work for rather moderate outputs In warm weather might have play in July and August as well. Another consideration cf use to partisans of the lower side of prices lay In the adherence by the Steel corporation to a 5 per cent dividend rats, from which it could be argued, on the basis of yield, that the stock was selling out of line with others paying an jqual dividend. Strikes Cause Trouble. The Iron' Age noted that It would re quire unexpected relief from the railroads to prevent further curtailment of oper ations In the Pittsburgh district, while strikers at the Illinois coal mines had caused new complications to iron and steel activities In the territory centering on Chicago. The Iron Trade Review men tioned the sentimental effect which the pending railroad rate Increases are hav ing In causing hesitation In the placing of steel orders for future delivery. As the trade periodicals finds ths steel situation, there Is a demand In excess of output for pipe and material used , by Implement makers, also for railroad supplies, while signs of a slackening tendency are seen at the moment in some other lines. An Interesting (tern In connection with railroad financing was contained today In news that several Insurance companies were preparing to purchase upward of $26,000,000 or $30,000,000 o( equipment trust certificates, through a new equip ment trust, on ft' T per cent basis. The raising of funds through this medium will be of some relief to the borrowers, leav ing, however, a vast amount of financing to do in the open market at going rates or through commerce commission. The foreign exchanges were again un settled, presumably by news that the Rus sian army had renewed Its advance with in the Polish frontiers. Sterling receded 3c to 3.76 for sight drafts. German rates and those of the new nations of central Europe were under pressure In the afternoon. New York Quotations top western lambs, $15.60; bulk, I15.00j 16.50; top native J14J5; bulk. $lS.Ci"!j i.vv: gooa yearlings. iz.tu; range wetn. rs. $10.60: top native ewes, $8.23: feeder lambs, mostly $i:.0A13.IO; young native lreedtng ewes, ' $8.5009.26; few wjs'.em UP to $11.25. ;- , Kansas City "Live Stock. . ' Kansas City, July 28. (United States Bureau of Markets.) Cattle, 12,000 head; beef steers mostly stad to strong;; some corn fed higher; top, $16.60; other classes uneven, mostly steady: bulk she stock, $6.50t.0O; Tew heifers. 113.00 fl4.2; cslves. 60c higher.- top vealers. $15.00) bulk good and choice, $14.00014.60 Hogs Reoeipls. 6,000 head; market gen erally steady with yesterday's average; top. $15.45; bulk light an medium. $14.85 015.25; bulk heavy, $150015.00. . Sheep Receipts, 6.006" head: western lsmb. steady to 23c 'lower: best "on sale $14.60; natives. 26050c lower: top. $14.76; 5.sn,'"p "bout steady; feeder lambs, 25 s0o higher. Range of prices ot the leading stocks furnished by Logan & Bryana Peters Trust building. Tuesday High. Low. Close. Close.f ' rails; ; ' A.. T. & 8. F 79H 787 79V4 794 Baltimore Ohio -81 31 VI 31 31 Canadian Pacific. . 1 21 Vi 1 18 14. 1 1 H 1 20 Vs N. y. A H. R 67V 7 67Vi 67Vs Erie R. R ......... 12 Gt. North., pfd.;. 69 6814 68 Illinois Central.,. 82 Vs 82 82V 82 M., K. & T 6 6 K. C. Southern........ 17 Missouri Pacific. 25 24 24 24 N. Y., N. & H... 28 28 Vi 28Vi ' S4 North. Pacific Ry. 70 70 70 .71 Chi. & N. W 67H 6714 67 68V. Pennsylvania R. R. 39 39 Vi 39 39 Reading Co 88 87 . 8714 '. 87 C, R. I. & P. 86, 33 . 33 34 8011th. Pacific Co. T0" .'.89' 90 90 Southern Ry 27 26" 27 271 Chi.. Mil. c S. P. 33 321, 33 32 Union Pacific... .115 113 114 113 Wabash 8 STEELS. Am. Car Fdy.,13?H ISfli 133 133 Allls-Chalm's Mfg. 34 33 34 ' 34 Am. Loco, Co. 93 ,91 91 92 Bald. Loco. Wks..lll 108 109 110 Beth. Steel Corp. 85 83 83 84 Col. F. ft Iron Co 31 Crucible Steel Co.. 148 . 145 147 148 Am. Steel Found.. 35 35 85 35 Lack. Steel Co... 69 63 68 - 68 Mldvale S. V Ord. 40 39 39 40 Pressed S. Car Co. 7 98 96 95 Rep, I. & S. Co... 87 85 85 -86 Jiy. Steel Spring.. 93 93 93 92 Sloss-Shef. S. ft I. 66 64 64 66 U. S. Steel 89 87 87 89 COPPERS. - Anaconda Cop. M. 64 62 i 62 63 Am. S. ft.Rfg.. Co. 67 B 6 66 Butte ft S. M. Co. 20 20 20 20 Chile Copper Co... 14 14 14 14 Chlno Copper Co. 28 27 27 29 Inspiration C. Cop. 49 47 47 48 Kennecott Copper 25 24 24 24 Miami Copper Co. 20 20 20 20 Nev. C.. Cop. Co..., 11 11 11 n Ray Cm. Cop. Co. 15 16 15 .15 Utah -' Copper Co. . 65 65 65 65 INDUSTRIALS." - ,, Am. -Beet Su. Co., 85 ' 84 . 84 83 At, Gh-eY Wf I. S. S.I51 148 160 16l Am. Inter. Corp... 7 t 78 78 78 Am. ,8. Tdb. Co,v-$t $3 83 84. -w ' ' -.' 1 - ' Tuesday , Sioux; City Live Stock. I ' Sioux City, la.. July 28. Cattle Re relpts, 1,500 head: market steady: beef steers, good fed. $13.50016.00: short fed. I1H.6013.25; fed yearlings, $10.00016.25; grass steers. $7.00011.60: grass caws. $6.00 8.76: fat cows and heifers. $8.00011.60; .cannera. $3.5005.50: vealers. $6.00012.60: common calves, $4.5008.60; feeders, $8.00 016.50; feeding vows. $4.006.00; stock, era-. K.00 0 9.00; stork heifers, $4.60 0 7.60. . Hogs Receipts. 8.000 head; market 25 A 50c higher; light. 14.26 015.00; mixed, $13.75014.25: rough, $12.76013.(0; bulk sales. $13.5014.76. Sheep Receipts, - ' SOS" head; market st'onc. St. Louis Livestock. Vast St Louis. III., July it Cattle Receipts, 1,000 head; market steady; top steers, $10.00; bulk, $10.00012.0; year ling steers and heifers, steady; can tier cows, easier. $3.7504.(0; bulla, alow; calves, steady; toed and choice vealers, $16.00015.60. Hogs Receipts. 7.600 hArt: market 25c higher; top. $10.00: hulk, light and me fl.um. $15.00616.90; bulk heavies. $14.85. -Sheep and Lambs Receipts, (.000 bead; market 25060c lower; top lambs, $14.36. bulk. $13 009ICV1 top ewea..U.lf:.bllikl ;.$.. . 11 22 58 14 8 84 17 Hiah. Low. Clnap PIova. Jim. uoi n Ull UO. 40 40 40 43 Am. lei. lei.., 4 94 94 Am. Zinc. L. ft S. 12 12 12 Brooklyn Rap. Tr. 10 10 10 Bethele'm Motors. 19 18 18 American Can Co. 28 37 38 Chand. Motor Car 0ft 88 88 Central Leath. Co. IS 56 66 Cuba Cane ,Su. Co. 4?4 4:! 44 Cal. Pack. Corp.. 68 68 68 Cal. Petrol. Corp. 28 27 27 Corn Pr. Rfg. Co.'2 91 92 Nat. En. ft Stam. 65 66 65 Flsk Rubber'Co... 30 29 29 wniierai ciec. iwO.,lj 13 140 -.aaion- y . at w. 11 ; It General Mot, Co. .22 21 Goodrich Co. ' 69 68 Am. H. ft L. Co. 13 14 Haskell ft Br. Car 68 67 IT. 8. Ind. Ale. Co. 85 84 International Nick. 18 17K, Internet. Pap. Co. 78 77 78 Ajax Rubber Co... 64 62 53 Kelly-Spring. Tire 89 87 87 Keystone T. ft R. 24 24 24 Internet. Merc. M. 27 26 37 Maxwell Motor Co. 14 14 14 diaxicu reiroi. . l"l 119 lilt Middle States Oil 21 20 21 Pure Oil 40 31 39 Wlllys-Overla. Co. 17 16 17 Pierce Oil Corp... 14 13 13 Pan-Am. P. ft Tr. 93 94 Tlerce-Arrow Mot. 4 44 45 Royal Dutch Co..' 76 ' 78 4 U. S. Rubber Co.. 9frlr. 89U 89U Am. Su. Rfr. Co..l20i 117U ins. 12ftsi: Sinclair O. ft R... 27 26 2614 27 Sears-Roebuck Co.. 139 138 138 119, Too. Products Co. HU 63 83 Texas Co.- 44 44 L. S. F. Pr. Corp 63 62 v. a. s.. r. ft m. 67 r. The Wh. Mot. Co. 43 - 48 uaun u)., inc , West'ghouse Alrbr. .... -, . '. . West'gh'se E. ft M. 48 47 48 American Woo, Cr. 84 80 81 Total Sales, 112,80. ( v Money, close. 7: Tuesday close. Marks: close, .0245: Tuesday close, .0250. Sterling; close, $3.71; Tuesday close, $3.79. Minneapolis Grain. ' Minneapolis, Minn., July 28. Flour 70 76c lower. In car load lots family pa tents quoted at $1X50011.(6 a brarel in IS-lb. cotton sacks Bran $45.00. Corn No. 3 yellow. $1.8801.40. - , Oats No. 3 white. 7173c. Barley- (o 0 1 1 . 0 i. Rye No. 1. $1.80 01.85. FUx Me. U $1.11 Oil. . 94 18 37 90 5.1 43 hi" 92 66 H 144 mi 21 '14 I8 M t-.l 91 23 24 14 178 179 21 .'19 17 14 tr, 46 74 u Omaha, July 28, 1920. . There was a continued good run cf wheat today with 141 'cars ant other grains verji" light with corn, 24; oats, 13; rye, 4 and bafley, 2. Wheat prices continued' their descent with the market off 48c. Offer ings sold readily at the lower figures. Corn continued slow, prices ranging unchanged to 4c lower, generally 2 3c off. Oats were unchanged to lc higher. Rye was off about 2c and barley l2c. WHEAT. No. 1 hard: 1 car,. $-'.54 (old): 1 car. $2.63 (old); 69 cars, $2.62? 9 cars, $2.61; 1 car. $2.51 (light): 3 cars, $2.50 (smutty); car. $2.50. No. 2 hard: 2, cars, 12.63 (old ; 3-6 car, $2.63 (dark); 29 cars, $2.50; 2 cars, $2.49 (smutty); 4 cars, $2.48 (smutty); 1 car, 2.46 (smutty). No. 3 hard: 1 car, $2.60 (S per cent rye); t car, $2.49; 14 3-5 cars. $2.48; 2 cars, $2.48 (smutty): 1 car, $2.47 (smutty); 3 cars, $2.46 (smutty). No. 4 hard: 1 car, $2.48 (old); 7 cars, '2No! 5-hard: t ear, $2.46; 1 car. $2.44. Sample hard: 1 car $2.46; 1 car, $2.41; 1 car, $2.40. No. 2 spring:" 1 car, $3.48 (red). No. t spring: 3-6 car. $2.42. No. 4 mixed:. 1 ear. $2.4 J (old). CORN. No. 2 white, 2 cars, $1.43; 12-6 cars, "no. 3 white: 1 car, $1.49 (shipper's weight); 2 cars, $1.89. No. 1 yellow: 1 car, $1.41; 1 car. $1.40. No. 3 yellow: 3 cars, $1.38; car, $1 37 No! 6 yellow: 1 car, $1.30 (musty). Sample yellow: 1 car, $1.20 (musty): 1 car. 11.18 (hot): 1 car. 11.13 (heating). No. 2 mixed: 1 car. $1.40. No. I mixed: 2 'cars, $1.37. No.. 4 mixed: 2 cars, $1.36. No, mixed: 2-6 car, $1.30 (musty). Sample' mixed: 1 car, $1.22 (musty); 1 oa. $1.14 (hot). ', ' 1 OATS. No. 2 white: 2-5 car. 78c; 1 car, 77c tio. i white: 5 cars, 76c; 6.carB, 76c; :-6 car, 76c. RYE. No. 2: 2 cars, $2.16. No. 3: 1 car, $2.16. Sample: 1 car, $2.1.; ' BARLEY. . r..J-i.1. 1 ..a- aio OMAHA RECEIPTS -AND SHIPMENTS .Todav, 142 24 JS 4 Wheat ...... Corn ........ oats ........ Itye Barley Shipments Wheat ...... Corn Oats Itye Barley ago. XI 36 6 3 6 Year i.KO. .38 29 16 2 7 88 3t 51 39 4 Year Con Today. Ago. tract. Wheat ...110 805 82 Corn , V 160 139 109 Oats I! "0 252 142 - 'f1 KANSAS CITY RECEIPTS. - . Week Yea Today. Ago. Ago. Wheat' 216 187 65 Corn 7 26 6 Oats - 6 l 12 ST, LOUIS RECEIPTS. Week Year Today. Ago. Ago. Wheat 268 113 440 Corn 30 33 32 Oats ... 20 21 44 NORTHWESTERN RECEIPTS OF WHEAT. Minneapolis Uuluth .... Total Winnipeg .. Today. ...287 ..l2 ...366 ...62 Week Year Ago. Ago. 163 205 149 $ 312 164 213 77 .11 44 3 66 4 61 14 44 63 1.7 49 51.. lot .'47 3 Kansas cropj: Kansas state authorities say all Kansas farmers will make a profit on this seasons great crop against a lots of 43o per acre last year. Barton county 1:.' the banner county of the state this year, based on its estimated yield and value of Its wheat output this year Is worth $640 per capitu. Fifteen to 20 per cenc of the 1919 grain still in farm bins and elevators because of car scarcity. Motor trucks were kept busy hauling grain to mills, the trips cov ering a range of up -to 100 miles. The milling capacity of the state ms.de a big Increase and much of the mill out put goes abroad. v. Inability to sell grain In an open market riuickly After harvest worked hardships on tanner's of small reserve. In many coun ties part of the 1919 crop Is still In stacks. Reports by officers of the American Farm Bureau federation Indicate that it will require a most Careful- handling of the present crop to prevent a serious slump In prices, and as far as weather is concerned. In Oklahoma, Kansas, Nebras ka and Missouri have fared better than any section of the nation. .Montana, re ports' a 300 per cent gain In wheat and North and South' Dakota and Minnesota, according to a certain publication, will In crease their yield by 100 per cent. : ' Broomhsll cables: Merchants here cabled New York ' to quote them on American clipped oats but their oZers were still some way out of line and no business was reported. How ever, the quality of these oats Is superior to the Platte oats so that possibly some small lots may be purchased during the first half of August. The rate to JBing llsh ports Is -still at 60c per 100 pounds, which, la low compared to $20 a ton asked by Platte shippers. Argentine markets ? remain about un changed but the new low levej; of 38c for tne value ot tne paper peso makes the oats market show a decline of lc a bushel. . Two Million Wheat for Export, Russells wires: Exporters buying wheat, track New York, which Is lower than gulf. July shipment, track New York, 280. F. H. August sold 276. One places sales today at 2,000,000 bushels In all position so far. Omaha Hay Market. Receipts light on both hay and alfalfa. and the demand continues quiet, except on the better grades. The lower grades of hay and alfalfa are moving slow which are i the bulk of the receipts. Market steady with no change In prices. Oat and wheat straw steady. No. 1 upland prairie hay, $17.00018.00; No. 2, $12.00016.00; No. 3. $7.00010.00. No. 1 midland prairie hay, $16.00i7.00; No.- 2. i $12.00015.00. No. I lowland prairie hay, $10.00012.00; No. 2, $8.0009.00; No. 3. $8.000.7.00. Choice alfalfa, $28.00; No. ,1, $24.00 2tMt standard, $18.OO22.O0; No. 2, $14.0016.p0; No. 3, I10.0012.00. -ipat, strawv $10.00013.00; wheat, $9,600 11. DV, 'i New York Producer ; New York, July 28. Butter Unsettled; creamery, higher than extras, '65 66c; creamery, extras, 65c; creamery, firsts, unchanged. Eggs Steady, unchanged. Cheese Easy; state, whole milk twins, current make specials, 26 27c; others unchanged. Live Poultry Firm; broilers by freight, 44047c: broilers by express, 40050c; fowls, 39c; old roosters, 24c; turkeys. 36c. Dressed Poultry Steady; western broil ers, fresh, U67c. ' ' New York Sugar. .-. New York. July 28. Sugar Raw, un settled: centrifugal, 16.30c: refined, quiet; fine granulated, 21.0022.6flc. . Sugar futures opened 10 to 20 points lower undefSscattered liquidation by com mission houses, but by midday there was a rally to the previous night's close on covering. Sugar futures closed steady; sales, 2.000 tons: -September, 14.60c; October, 14.50c; December, 13.65c; January, 11.90c; March, 10.90c. New York Metals, New York, JJuly 28. Copper Steady, unchanged. Iron Firm, unchanged. r .Tin Steady: spot, $49.00. Antimony Unchanged.. ,'.- Lead Steady; $8.50. -V Zinc Steady. - , . . East ;,St, Louis, unchanged. London Copper, 91 21s 6d; electrolytic, spot, unchanged; tin, unchanged; lead, 36 5s; zinc, 4 10s. .... New York General. New y York, July 28. Wheat Spot, weaker; No. 2 red and No. 2 hard, $2.80, and No. 2 mixed durum, $2.85, ctf. track New York expoyV Corn Spot, steady: No. 2 yellow, $1.64, rif, New York. . Oats Spots, steady; No. 1 white, i.oo i.oa. Lard Strong; middle west. $19,100 19.20; other articles unchanged. ,' .' Chicago Produce. Chicago, July ' 28. Batter -Weak; creamery. 44063c. Eggs Unsettled; receipts,' 1i.05 cases: firsts,- 4344c: odlnary firsts. 400 41c; at mark, cases included. 4243c; storage packed extras. 46046c; storage packed firata. 4504Cc Poultry Alive,, .unchanged. , .,.v Bar Sliver. New York. July 18. Bar 8llver Do- I mettle, unchanged, 19 c; foreign, lio. Chicago Grain ' By CHARLES D. MICHAELS. Chicago Tribune-Omaha Bee Leated Wire. Chicago, July 28. Resistance' was met by short sellers of grains on the weak -spots today; It was the' first time in nearly a 'wek that opposi tion has developed to prevent prices from declining, and numerous ral lies and breaks were the result. Val ues responded more readily to buy ing, and at the last there was little corn or oats offered, while values advanced and closed with gains of 3 to 3J4c on corn and ls to 2c on oats, with July leading in the latter and September in the corn.. Wheat o.cted weak and closed lc lower on 'ac, .and. rye lost 4c to 64c for the day. The markets had the appearance of being well liquidated, and, with reduced pressure and increased buy ing, there was a more ready response of sales to the favorable news which was given more attention. The break of around 4c in corn from the high level of last month and 16'$ to 17fc in a week, with oats 8 to 1834c lower in a week, attracted at tention and induced extensive profit taking and a change of front by manv operators who believed a rally overdue. The trade ignored the break in stocks and tight money talk and paid more attention to car scarcity in sections where largest supplies of wheat are available. Shorts Strong Buyers. At no time were corn prices as low as the previous day's close. There wis rather persistent buying by shorts and commission houses as the result of a be lief that there had been decline noush for the time being, artd , on the dry weather reports from various parts of the corn belt. Armour Grain company took all deliveries, and there was also good buying by Steln-Alsteln, which was at tributed to a leading local professional. Reports Indicated, that the scarcity of cars was becoming more pronounced In Illinois and Iowa, ana witn tne casn corn at Chlcano In strong hands,, many com mission houses advised great caution on the selling side. Knmple values were un changed to 2c higher, with receipts 178 cars. Forecast was for fair and warmer. Deliveries 36,000 busheli. Wheat was well absorbed on the breaks, while bulges met good selling by hedgers and others, while commission houses had (rood buying orders for December at $2.33, the Inside for the day. The cloae was at $2.84 to $2.34, the rally being created by the late strength In corn and by reports of 2.000,000 bushels being sold In all positions for export. Houses who were the. most aggressive sellers yester dsy were the best buyers today. Armour Grain company and Nye-Jenks leading. Miller Buy Wheat. Millers were good buyers of wheat here, and while country offerings were not as free, owing to the decline, there was enough for all demands. News from the northwestern spring wheat crop was more favorable, as rust damage is smaller than at first claimed and the crop is making good progress, with harvesting on In some sections. Wheat Is moving In lorffer viHu'me, the three southwestern markets having 626 cars, against 381 cars a week ago, and 1,231 cars last year. Primaries of 1.476, 000 bushels, compared with 926,000 bush els a week ago, and 3,783,000 bushels last year. Cash houses and the Armour Grain company were good buyers of oats fu tures, the former hedging against sales cf 950.000 bushels for shipment to the east. Country offerings were larger, with 76,000 bushels No. 3 white booked to arrive, mainly at 2c over September for the first half of August shipment. The market showed a firm undertone from the start, and a lack of bear pressure. Sample val ues were 120 higher, with No. 2 whito mainly 101c over July, against July price the previous day. Scattered liquidation was on In rye, and prices declined r.harply early, only to hnve September rally sharply toward the last week. In sympathy with other grains ahd on reports. of export business. There were some sales made to the seaboard, but quantities were not given. No. 3 on srot was July price, with sales at 13. 0S 2.07. Receipts. 17 cars. Barley declined JffMs. demand being slow. Some accumulation has occurred, despite the lleht receipts. Spot sales vere at 95c$1.10. Receipts. 13 cars. Fit ,-otea, Logan ft Bryan of Omaha say: "We are told Belgium took about 1,000,000 bushels of wheat yesterday; also that,-while Great Britain is still out of . the market, they are showing more interest." . . Warehouse receipts for 3.438 bushels No, 1 yellow corn were cancelled, presumably lor shipment; 4.iu Dusneis-XMO. 2 yeiiow, 2.843 bushels No. 6 yellow. 1.471 bushels No. 6 mixed and 1,160 bushels sample grade corn. - - Russell's says exporters buying wheat, track New York, which' Is lower than 6ulf wheat. July shipment, New York, was $2.80. First half of August sold at $2.76. One exporter places sales at 2,000, 00O bushels today In all positions. . The Burlington's weekly crop report suggests a wheat yield of 15 to 25 bushels in Illinois, 20 to 35 bushels In Iowa, 20 to 25 bushels In MIrsourl snd an average of 24.7 In Nebraska. Oats yield In Illi nois ranges from 30 to 60 bushels, and Missouri 3 to 35 bushels. Corn Is in good ccnditlon. Bennett wires his local house from New York: "Hear of sale made today of 2,000 tons Argentine corn, due in New York soon afloat, at $2.10 a bushel." Illinois and Iowa offering oats to ar rive rather freely. Around 75,000 bushels booked this morning. Time of shipment ranging from loaded to August. There is a limited 'itiantity offered at prices somewhat above the present market. . - Weather In Canadian west generally clear and fine. The Canadian Pacific railway estimates this year's wheat crap at 300,000,000 bushels. This la more than an average crop. Houses with eaatern connections were good buyers of wheat, corn and oats this morning. This stsrted covering ' by shorts. On the advance there was selling by commission houses. . Le Count wires from Edgely, N. D. : "Oat crop In general la the beat in North Dakota and South Dakota that I have seen In several years. Some early fields being cut here. The wheat crop Is largely durum, and Is maturing fast, and todav Is not badly damaged, but all late velvet chaff and marquis Is badly rusted, and yield and quality will be greatly reduced. CHICAGO CLOSING PRICES, ATt. fOpen. High. Low. " Close. jYes'y. W'at Dec. 2.41 Mar. 2.42 Rye ' July 2.06 Sept. 1.74 Corn I July 1.42 Sept-. n.l Dec. 1.25 Oats July .77 8ept. .70. Dec. I .69 Pork i July 128.45 Sept. 127.29 Lard I July 118.40 Sept. il8.40 R(ha I July 116.35 Sept. 116.45 1.41 2.83 2.34 2.35 2.42 2.35 - 2.37 2.37 I 2.05 3.02 2.02 2.06 1.77 1.71 1.73 1.76 1.44", 1.41 1.44 1.41 1.43 1.39 1.42 1.39 1.27 1.24 1.27 1.24 .77 -78 " -75 . .70 .69 ,.70 .6 .70! .69 .70 .68 128.45 26.45 26.45 25.75 127.60 127.20 27.45 26.76 - I 18.70 18.40 118.70 18.10' U9.00 18.40 jll.OO l8.40 116.33. fl6.35 ll(f.S5 116.00 18.50 16.35 116.60 16.15 " I St. Joseph Live Stock. I t. Joseph, Mo., July 28. Csttle Re ceipts, 2,000 head; corn fed steers, steadv lo ' strong: others slow; steers, $9,500 16.00; cows and heifers, $8 5011.00; calves, $6.50014.60. Hots Receipts. .600 head- market pend steady to strong; top, $15.40; bulk, $14.8l915.30. Sheep and Lambs Receipts, 2 000 hsd ; market steady; ewes, $14.00013.60; Iambs. $7.0008.25. Bonds and Notes Bonds and note quotations furnished by Peters Trust Co.: ' Bid. Asked. Yield. Am. T. ft T. Cs, 19J4.'. .. 92 92 8.40 Am. T. ft T. 6S, 192u.s.. 93 93 7.60 Am. Tob. Co. 71, 1923.... 99 99 7.10 Am. Tob. Co. 7s, 1983... 9 100 6.90 Anaconda Cop. s, 1929.. 87 88 7.90 Ang.-French Ex. 6s, 1920 99 99 6.50 Armour Conv. 6s, '20-'24 93 6 .... Armour 7s, 180. 95 96 7.60 Belgian Govt. 6s. 1925... 93 94 7.60 Belgian Govt. 7s, 1946. 99 100 7.60 Beth. Steel 7s, 1922 97 98 7.80 Ileth. Steel 7s, 1923 97 98 7.65. British 6s. 1929 86 86 7.55 British 5s, 1921 96 96 7.80 C. B. & Q. 4s. 1921.... 93 3 10.90 Can. Gov. 6s, 1921 97 97 8.10 Can. Gov. 6s, 1929 87 88 7.60 C,C, C. A Si. L. s. 1929 88 S5 8.95 Cud. Pack. Co. 7s, 1923. 87 98 7.75 Goodrich 7s, 1926 94 94 8.60 Jap. Gov. 4s, 1931 72 7.1 11.76 Jap. Gov. 4s, 1931 64 56 11.10 Lig. & Myers Cs, 1921... 97 97 7.75 Proct. & Gam. 7s, 1922.. 99 99 7.10 Proc. Gam. 7s. 1B23.. 89 100 7.00 Swift & Co. 6s, 1921 97 98 8.10 Swiss Govt. 8s. 1940 102 103 7.70 L'r.lon Pacific 6s, 1928... 96 97 6.40 Wilson Conv. 6s. 1928... 87 88 7.90 LIBERTY BONDS. Bid. Asked. First 3s. 1947 $91.00 $91.10 First 4s. 1947 85.5l 85.86 First 4s, 1947 85.64 85.90 Second 4s. 1942 84.52 84.70 Second 4s. 1942 S4.7B 84.90 Third 4H, 1928 88.76 88.92 Fourth 4s, 1938 85.16 85.25 Fifth 4a, 1923 95.74 95.90 Fifth 3s. 1923 95.73 95.90 New York Money. : New York, July 28. Mercantile Paper Unchanged. Exchange Steady. Sterling Demand, 89.77 : rabies. 13.7$ Francs Demand. 7.74c; cables, 7.76c; Belgian Francs Demand, 8.29c; cables. 1.31c. Guilders Demand. 84.3)c: cables. 34.39c. Lira Demand. 5.43c; .cables. 6.45c. Marker Demad. 2.30c; cables, 2.40c New YorJ lixrhange on . Montreal : 11 13-11 per cent discount. Time Loans Strong, unchanged. '.Call, money, steady; high, 8; low, 7; ruling rate, 8; closing bid, 7; offered at 8; last loan. 7. - - Sterling continued to decline In the late dealings and at the close demand was quoted at 3.76 and cable. 3J7. St. lionl Grain. St. Louis. July 28. Futures.- wheat, December. $2.36; March, $3.l Corn September, $1.44; December, $1.28 bid. Oats September, 70c bid; December, $IC $300 will put you in on a deal that has real merit and good prospects for early returns on your money. If you have this amount and want to get in at the start, address Glover - Morel! 718-720 Keelin Bid ' Phone Tyler 3623 New York Coffee. New York, July 28. For a time today tho coffee market showed evidences of a better tone and at midday waa up about S3 points oVer the previous clcs. May told at 10.70c. Considerable covering de veloped on this upturn and cotton houses bought on the Idea that coffee was over sold and duo for a rally, but the character of Brazilian news continued so bearish that offerings were resumed and the late, market acted heavy again, closing It to It points net lower, except July, which was offered- 35 points lower, and only a shade up from bottom of the day. Sep tember, 9.96o: December, 10.20c; March, 10.26c; May, 10.23c. Spot coffee moderately active; Rio 7s, llc; Santos 4a, 18c. Kansas City Produce. Kansas City, Mo.. July 28. Butter, Eggs and Poultry Unchanged. Municipal Bonds A diversified list of State and Municipal Bonds, in cluding Canadian Govern ment, Provincial and Mu nicipal Bonds, at prices to yield from 5.20 to 9.00 Sent on request for OB-320 TheNationalGy Company Offices in over SO Cities Omaha First National Bit. Bid.. Telephone Douglas S8K 6 Quarterly Dividends 6 We have been conducting a campaign to promote the idea of thrift for the last 32 years. It is necessary to lay away a portion of a person's income against the future day 'when it is sure to be needed. Be Wise and Start An Account Today. 32 Years in Omaha. Assets $8,700,000.00 Reserve 345,000.00 John F. Flack, President George C. Flack, Treasurer R. A. McEachron, V. Pres. E, N. Bovell, Secretary John T. Brownlee, Ass't Sec. Robert Dempster, Director Occidental Building & Loan Association Corner 18th and Harney Streets Kansas City (iraia. Kansat City. July 38. Wheat Cloae: lXcember. $2.29: March. $8.31. Corn SepttmbT.' $1 S9; December. $I.24V Hotter and Kggs. Omaha Jobber are paying 41 c for No. 1 eggs. nutter Packing stock. 43c. Turpentine anil Kia. Savannah," tiai, July TuftE-niltie Firm, $1.50; salra, 11U. t ceipis, 6iJ ; ship ments. 23; stock, 12.83: - ' Rosin Firm; salea. 1,142; vvcelpto, l, 44; shlpmeut 1.141: atm-lu, 38,547, wuolm B, 11.604 SO; D, lS.2t.M; K.' 1$.M4: fiO; Flltll KM, 18.Sttfti0. ,, WO. WW. 13.40fHS.6t. 4 8 With Right 70 per annum earned for the past 10 years. St years of sue cesstal history. Write t eall for descriptive' circular.. , Ko watered or promotion a t o e k a 1 1 shares full voting;. References! Amy Bank or Banker In Om aha er Brad street Dun. S nivtnVari pay able quarterly. PREFERRED to Buy COMMON .Stock In addition to securing' the liberal dividend of & ou - tho . .first capital obligation of a strong, old established enterprise, which Is natlonallj known, having 51 honorable and suc cessful years ot history, an unusual . opportunity Is offered to share in the ... large profits of .this concern. . Tbls ot fering carries the privilege and t&s , right to purchase a reasonsble amount .., of common stock. - , -O 'V ..... The 8 preferred stock is cumulative and fully-participating and is known ' as the SlnkingNFund Preferred Stock; ; While the cost of living is higher, the cost of investing is lower; this stock means a largor present and future in come from your Invested funds. ,.' '. ' This issue therefore is of unusual in-' torest, insomuch as the privilege thust' accorded purchasers ' of preferred ' share Is a valuable one; - This company is on the eve of great . expansion and the sale ot these sectiri tics is solely to take care of -thft tre mendous volume of business which is la our grasp. Price, $100.00 Per Share. ; Write Dept. D, 1408 Jackson Street, 'I Omaha, Nab. Andrew Murphy & Son Marpny 1'4 It Since 18439. Nebraska School Bonds Free From All Government Taxation ' .... r . We Offer ' ; ' - $125,000.00 , Kearney, Nebraska, School Bonds Dated May 1st, 1920 Due May 1st, 1960 Optional in 10 Years Interest Payable Semi-Annually May and October Financial Statement Actual " Valuation $9,000,000 Assessed Valuation 1,800,000 Total Bonded Debt, including this issue. .$247,000 Sinking Fund 3,600 Net Debt $243,400 Population, 8,200 . . Price 100 and Accrued Interest to Yield 6 The Omaha Trust Co. - The Progressive-Conservative Trust Co. 6$ to For Your August Funds Tv A7 E have a most atl "IXjl "' of high-grade i: jljjr ) for August funds. It attractive list investments Patera Trust " . Building Not in three generations have conditions been as favorable for the investor as today. '.May we be of service? We Offer Municipal, Corporation and First Mortgage Land Bonds Atk for Detailed Circular Peters Trust Cofni il Established 1866 An Aim In Life i ' ... In your progress toward a definite goal, one vital ally is a .strong, helpful bank. " ? . The aim of The Omaha National Bank is to'pro vide a financial service so trustworthy and so friendly that you cannot, afford to deny yourself its advantage. . ' To use our service is to improve it and yours. 5 TKeOaiiriia National Bank; FARNA.M.AT 1 1 UJTREET"" - Capital and Surplus. $2,000,'000 ' ' r. UPDIKE SERVICE We Specialize in the Careful Handling of Orders jfo Grain and Provisions .-- for - : FUTURE DELIVERY , -in- . All Important Markets WE ARE MEMBERS OF. ChicafO Beard .of Trade - . St. Louia Merchant! Exchanges Milwaukee member of Commerce Kanaaa City Board of Trade . Minneapolis Chamber of Commerce . Sioux City Board of Trade Omaha Grain Exchange ' i WE OPERATE OFFICES AT OMAHA, NEB. ' . CHICAGO. ILL. GENEVA, NEB. ,. LINCOLN, NEB. ' ' SIOUX CITY. IA. , ' DES MOINES, IA. HASTINGS, NEB. - HOLDREGE. NEB. MILWAUKEE, WIS. ATLANTIC, IA. , HAMBURG, I A. All of these offices are connected with each other by private wires. We are operating, 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, Transferring, Storing, etc. It will pay you to get id touch with one of our offices'1 " 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 t Every Car Receiveg Careful Pergonal Attention The Updike Grain Company THE RELIABLE CONSIGNMENT HOUSE m -v . - H . 'A., 1;