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About Omaha daily bee. (Omaha [Neb.]) 187?-1922 | View Entire Issue (Aug. 26, 1920)
V THE BEE: OMAHA. THURSDAY, AUGUST 26, 1920. 11 Be. Market, -Financial and Industrial News of the -Day 1 v : : 1 i " i ' I live Stock' IRecelota werel Triclal .Monday ....It.ni ffielal Tu'n)ay .... ,6I4 ratlmalo Wednesday S.5S0 Three days this wk I.R61 8im da last Wit 24.S7S fnm d we it ! iiays w s a o lis.sxi Lm tlaya year aso SO. 381 Kt'Pll" n anu utposmnn August ii. Cattle. Hon. Ihus. 4,'rsl il.kol .60S 53. 8,600 JH.OOu 21.791 Sli.234 1 S. 0 1 13,201 J0.S7S 7l,ii:l 27.07 63,95s St. 318 132.09; of live atoik the Inlon it rack yards. Omaha. Neb for 24 houra endlna- at 3 o'clock D. tu.. August 25, 1(20. . - RECEIPTS CAHS. ) llora-fi A ' Tattle Tinea Sheen Mulea C, M. & 8t. P.... J 13 M'abash . 1 Missouri Paeiflo ..4 Vvion Paiiflc 45 20 102 :. & X. V., eaHt.. 2 1 1 V, N. W. weal.. S4 SS C. St. P., M. ft O. ..... '., H. & Q , enst. . 7 2 t C. M. & Q., weat. . 2 15 7 . K. 1. ft PeaBt 10 11 '.. H, 1. A P.. west. .. 1 Illinois Central 2 Chi.. Great Weat.. 1 Total rectlpta ..Ill 117 112 1 DISPOSITION CARS. Cattle Hogs Morrta ft Co.... Swift ft Co. Cuilahy Packing Co.... Armour ft Co Schwarta A Co J. W. Murphy . . . Linlnfrsr Lincoln Parkin Co.... 9t Omaha Packing Co.. wolf HlKglns Packing Co... Ogden Kapper , Olnnnberi V'llnon ft Co VT. II. Van Sant A Co. Jlunton A Van Sent.... vr. w. ii in & Co K. I. Lewis , Huntzlnirer & Oliver... J. 11. Knot & Co. .T. H. Hulla It M. Burruna Co... tctcnBtock Bi'oa. M'orthiHnier ft Degen.. Kills ft Co Sullivan Bros .V Rothachlld .Mo.tun. -' C. Co... F O. Chrlntle liuk.r John Harvey Jonsen ft IiitndgreOi . .. lvnnls & rrnncla Iicpk ft Kreba niFtha Parkin Co.... Vlilwrat Packing Co other buyers '47S 82S IIS 43 68 IS 1.115 1,714 1.80S 1.744 7 460 - 79 Sheep MS 1.393 2,204 .-,1,1m s IS 2 41 7S K4 32 143 . 101 . iss . 3t . 168 . 61 . 8S 94 . 101 . G . SO .' 374 . it . 21 5 S 1 .1.62S (SO "ii 263 ..A 15.391 T6tal . .6,19 1,471 21.035 laltle The rattle run wa about half the eiKe of yesterday's offlrlatl figure or S.S00 head. For the three daya total Is 26,900 hend, which .Is .000 larger than a week ago and only sllghlly over half the size of last year's run. Corn feds were scarce again today end sold actively at Btrong prices with a top on yearling of $16.10. Cow stuff also sold to much better advantage, prices being a quarter more higher. Feeders were In active demand by both country and trader buy ers and sold generally at steady to strong prices while western steers went to pack ers at prices mat toojiea a, nine ucvmi than yesterday's close. BEEF STEERS. Av. it. N.i. Av. I Pr. ..1275 14 25 20 1357 15 50 YEARLINGS. ..1120 IS 10 COWS. ..JOOJ 4 25 BULLS. 6 50 ;..no STOCKERH AND FEEDERS. 7 65 Pr. 25 6 10 6 00 10 00 S 50 86 1 10 567 6 35 42 600 WESTERN CATTLE. NEBRASKA. y.i. A v. IT. N". Av. 37 cows 977 7 00 10 fdrs 690 13 fdrs S54 7 33 8 cows 807 31 cows : 6 00 26 Mrs 738 64 fdrs 795 7 10 45 fdrs 103S 12 fdrs 1049 50 11 fdrs 887 10 cows 972 ft 76 20 yrlgs 7S 14 cows 1002 6 75 25 cows 990 . ' SOUTH DAKOTA. ISstra S24 I 00 6 strs 70S 50 Quotations on rattle: Choice to prime bevies, . 16.0A17 00; good to choice beeves. 115.00 16.00: fair to good beeves, I13.00T16.0A; common to fair beeves, . 111. 606)13.00; choice to prime yearlings, ' $16.00116.76; good to choice yearlings, $1'.00(811S.00; fair to good yearllnws, Sll.A0A16.00i common to fair yearlings, S7.0012.00: choice to prime cows. $8.25W 9.00; good to choice cows, $7.2508.25; fair to godd cows, $5.001)7.00; common to fair cows. $3.505.t0; choice to prime feedors, SI l.OOtjr 12.00; good to choice feeders. $!.7Mil!.0;, medium to good feeders, I9.250ii9.26; common to fsir feeders, $6.00 (tooi to choice .stockers. S.00 10.00: fair to good stockers, $9.00J.00; Common to fair stockers. $5.50S.OO; stock heifers, $5.60ff 6.76: stock cows, $4.506.75; stock calves, $5.BOffi8.00; veal calves, $(i.60$ 11.00; bulls, stags, etc., S5.00 (ffll.OO; choice to prime grans beeves, Jll.2-jff12.oo; good to choice grass beeves, S1it.A0iftll.2Ss fair to good grass beeves, S3.75iTiilO.00; common to fair grass beevj, $7.60f!8.75: Mexicans, $7.7509.00. Hogs About s.600 hogs were received this morning and the market was gener ally a quarter lower, although occasional snles showed declines of not more than 1525c. Trade was fairly "active, with shipping demand limited. Bulk of sup ply sold at $13.50ffl 14.00, with shippers making a top of $14.60. HOGS. No. Av. Sh. Tr. No. Av. W..395 11 40 41. .419 V i. .287 110 IS 60 " 4..296 ... 1.9 "70 t k I. .2fi 40 IS 80 ' 1 ..295 70 13 90 I" Hs ,51 ... 14 25 Sh. 70 40 100 Pr. 13 60 13 65 13 76 13 85 14 00 14 SO 14 60 lambs Financial 6bt Ntto JurkSiww. t'liicMuti Triliure-Oi..-..m lire la(U Wire. New York, Aug. 25. The recov ery which brgan arjiong industrial company shares late Tuesday went a little further today, but ran into increased offerings within the first hour of trading and thereafter prices moved irregularly. A num ber of rather inactive specialties were strong in the afternoon, these, however, hardly telling anything of the real caH4bre of the market. Pe troleum, steel and automobile is sues cased off in the afternoon. While the price list contained a wide variety of declines at the close, the underlying statu of the market was one of steadiness and there was no evidence that a fresh crop of short sales ha3 sprung up from the improvement of quotations record ed the day before. Trading was on a more active scale than the average of the last 10 days, with- a slackening tendency ncterfnear the close of the session when call money advanced from 7 to 8 per cent. The rise of the de mand loan cost was not explainable from any event of the day. Money Market Unsettled. The money market has long been so df llcately adjusted that It may have been that the stirring up of stock market prices on Tuesday, coupled with! the extension of the rise for a time today, brought an incroaseil demand for money md unset tled the rte. Still, the renewal rate was 7 per cent, a figure considered low. and the buying of stocks had not been of a sort lately to add much to the existing aniouru of money used In the carrying of stock. Railroad bonds were again responsive to buyinc. whlch the Street comment nomi nated as "good." meaning that the fund ed securities of certain of the western nrd southern, with a few eaMcrn lines, were being accumulated. Tomorrow the Increased freight rates will be In effect, mid bondholders have been expecting at. early Improvement of net profits. As the bond issues record tho more Important going, this Bsay have been mainly In thu adjustment and Incomeclnsses. and It 's assumed that speculation has picked out these securities an tho ones to reflect In creased earnlnars mitre quickly than mort gage lnsues selling at considerably higher prices,. Anxious for News. Consumer of steel would welcome a hint from producers about the probable effect upon rriccs of the increased freight rates. The producing companies will assuredly have to figure Into thMr costs enhanced ou'lays for transportation, of coal and raw materials, but thus far' prlco Schedules have not been altered. There are still sub stantial premiums on products sold by somo of the independent companies, so It might be difficult to trace directly the application of enhance charges among them, hut the Steel corporation "continues to quote tho prices of March, 1919. The railrosds appear to be acting slowly In placing orders for steel and other con sumers are waiting for a line on next year's prices, but a slackening of new orders has evidently had no effect upon mill operations which are as active as transportation conditions permit. Cotton sold off for a time and then rallied partially, while the grain mnrkets weie barely steady. In the foreign ex changes a sharp upturn of 4 per cent In sterling disclosed somo hasty short cover ing as one factor, although weighty in fuences in this market are not easy to outline. Jf a definite statement were to Rppear soon shout French plans for meet ing the Anglo-French loan, it might be possible to determine some of the factors which have caused the recent depression of sterling and franc rates, together with the occasional rallies. French and Italian quotations also Improved today, but the movement of the three was In the direc tion opposite to the Scandinavian rates. Chicago Grain ; New York Quotations Range of-Vrlces of the leading stocks furnished by Logan & Bryan, Peters Trust-bulldlng: RAILS. A.. T. & S. F Baltimore ft Ohio Canadian Pacific N. T. ft H. R Erie R. R Ot. North. Pfd. ., Chi. Ot, Western Illinois Central ., Mo., Kan. k Tex. Knn. City South.. . Missouri Pac N. Y., N. H. ft H. North. Pac. Ry. .. Chi. & N. W. Ponn. R. R. High Low Close Tues. 93 81 2 62 39 s; 39 39 3954 120 119 119U 119H 73. 72 72ft 72H 13 13 13 12 73H 72 72 73 8 8Vi i '-4 86 86 86 ,.66 6 6t, 6 18 18 186. 1 26U 25H 25V 26 34H 3S 33 H 33 74H 73 73 74 71 70 70 70 .41 41 41 41 92 90 91 91 3 35 35 36 96 94 94 '94 ' 27 27 27 27 34 34 34- 34 120 116 118 119 6 8 S 8 Omaha Grain 45. .318 64. .285 68. .277 7t..25f 47. .239 26..19J ... 1 50 171.. 172 160 Sheeo Recelots ttf sheen and were estimated at 26.000 head. Packers bought fat grades at steady to strong I prices, paying up to $12.75 for good kill ing lambs. Fat ewes were wanted at ; S6.264SJ.00. with wethers reaching $7.73. i Feeder demand was broad and urgent at prtcea H25c higher, good reeding lamba aftvanrtng to $12.8513.00. prices that are higher than packers pay tor killing v grades. 1 FEEDER LAMBS. v NV. A v. Pr. No. Av. BT. I 495 Ida 61 II 10 H Quotations on sheep: Fat rsnire lambs. Jll 50 12.75; feeding lambs. SU.5013.00; f cull lambs. $8.(t0(Eii 10.50; yearlings. Is.oac? 8.76: feeding yearlings. $7.508.50 , W"thers, $6.75"i7.7r: ewes, $5. 60 (ft 7.0": feeding ewes, $4,259 (.00; ewe culls and ccmiers. $1.00iiji3.60. Chicago Live Work. Chicago. Aug. 25. Cattle Receipts. 9.000 head; strong to 2Se higher on desir able beef and butcher cattle: common kinds steady; top on weighty beeve. $17.60; top early. $17.50; bulk good and choice. $15.50iflT.15: bulk grassers. $9.00 4714.76; good to' choice cows mostly, $9.75 412.75; In-between kind. $6.75J9.25; can ners and cutters. $4.00r6.26; bologna, $5.60 7.00; few- at $7.25f butcher bulla strong; early calf matket strong, $15.60?1S.OO: la'te trade sharply higher. $16.60P17.2S; stockers in light supply, steady to strong. Hngs Receipts, 19.000 head; 1026o lower than yrsterday'a average; lights off least: packing nowi and heavy mixed grades closed steady to strong; others weak; top. $15.40; bulk packing sowa, $13.6flff 13.75: rtl-s 9ie lower; bulk deelr ab'e kinds. 1.60J14. 21. t M Sheep and Lamb elpts, 24.000 head: sheep strong to 25c higher: lambs 25 4f 60c higher; top western lambs, $14.00; top native Iambs, $11.60; feeding lambs mostly $1S.50M3.00. few lights' around I1S.25; best native ewes. $7.20W7.50. C, R. I. ft P South. Pac. Co. , South. Ry , Chi. Mil. ft St. P.., Vnlon Pacific ... Wabash STEELS. Am. Car & Fdry...l36 133 135 135 Allls-Cltalmrs. Mfg. 32 31 31 32 Am. Loco. Co 97 4 95 06 U. Alloy Stl. Corn 40 Baldwin Leo. Wks.110 108 108 109 4 Doth. Stl. Corp... 78 76 77 76 Mldvale Stl. ft Ord. 40 Pressed Stl. Car Co. 96 Rep. Irn. ft Stl. Co. 86 Railway Stl. Sprg. 94 Sloss-Shef. Stlftlrn 74 U. S. Steel 90 COPPERS. Anaconda Cop.&M. 3 Am. Sm. ft R. Co. 66 Butte ft Sp. M. Co. 19 Chile Cop. Co 14 Chlno Cop. Co. . . 27 Insp. Cons. Cop... 46 Kennecott Cop. .. 34 Miami Cop. Co. .. 19 Nev. Cons CopCo. 11 Utah Cop. Co. .. 1 i 37 S7 , 87 69 - 69 68 29 39 40 96 96 96 84 85 86 94 94 93 68 68 69 89 89 89 I. 62 63 62 55 65 64 19 19 20 14. 14 14 26 27 26 46 46 46 24 24 23 19 19 10 10 10 01 61 60 ..- - Kansas City I ,s Stock. -sas Citv Mo.. Aug. 25. Cattle R ei7t, li.'iOO hend; trade uneven; most classes generally steady; bulls, weak: best offrred, $16,00; others. $9.5014.26; choice Texas .rows, $10.00; best vealers, $13.55; bulk choice kind around $13.00; fleshy heavy feeding steers. $13.004918.10. Hogs Receipts, 4.000 hesd; market generally stesdy: closing 10c to 20c luwer; packing sows, 50c lower; pigs, stesdy: bulk light and mertlumr $14,761 " is.on; bulk heavy. $14.25614.65; top, ''sheep and Lambs Receipts, S.006 hesd; market steady; top ewes, $7.00; bulk fat kinds. $6.507.00; wethers. $7.50; year ' lings, $6.75; best Vtah lambs. $13.00; top , natives, $12.25: Arlsona feeding lambs, $11.75; f talis. $1 2.00. S - Woux City lire Stort. Sioux City, ta., Aug. 25. Cattle Re ceipts. 1,600 head; market 160i5c higher; neisteer., fatrl? good; fed. .I01.M: fed yearlifes. $$.00126: grass ateers. $6.50 13.35; grass cows. $5.64J8.25: fat rows and heifers. ' $.2612.00; canners, $3.801,15; vealers. 6.0lS.0Or feeders, I9 nni0 60: common calves. . $4.506.50; . . feeding cows. S4.Of0l.IO; stockers. $8.00 Hogs Receipts, g.ooo head: Tr.arg.ei iae ,ner: llsht. $13.7614.40: mixed. $13 1$ 913.75; rough. $12.604? U J5 V bulk of sale. LU 2514.00. ' Sheen and Lambs Receipts. 10 hs: market streng. . y , j . SS, jssepa Un Stack. St. Joseph, Mo.. Aug. 15. Cattle Re ceipts, 2.00 hesd; market (or steers slow; others, steady t strong: steers. 19.000 16.2$: cows and belters. $3.76016.86; calves. $4 00 01 J. 00 1' stockers and (seders, $6.00011.2$. Hogs Receipts, 4.000 head; market .opened lO0!6e- lower; closed ' stronger; Stop. S14.95bulk of sows, $14.00 14.S0. Sheep an) Lamb Receipts. 1.0ns head: r n.ntn. -,r ). A l.-.k. 111 Kaj9)1S fld - w -a li.5007.00, ' INDUSTRIALS. Am. Beet Sgr. Co. 76 74 74 74 Aii.t u.ativ.i.s.s. ..Ill 137 116 Am. Int. Corp. .. 75 i 73', 74 72?i Am. Sum. Tob. Co. 86 Am. Cot. Oil CO. Am. Tel. ft Tel. . Bethlehem Mot. .. Amer. Con Co. .. Chand. Mot. Car . Cent. Lea. Co. . . . Cuba C. Bug. Co. . Cal. Pack.' Corp. . Cal. Pet. Corp. .. Corn Pro. Rfg. Co. Nat. Enam. ft St. Flak Rubber Co. . . Gen. Elec. Co. 26 96 9 35 87 65 36 68 28 90 69 28 84 96 6 34' 85 54 36 68 27 89 69 27 85 i 96 6 34 87 64 36 66 27 89 69 27 54 25 96 34 88 54 36 68 27 89 59 27 By CHARLES D. MICHAELS. Chicago Trlbnne-Oinnha Bee Leased Wire. Chicago, Aug. 25. Action of the grain markets was erratic. All ad vanced early and declined in the last hour reaching the lowest of the clay. Stocks in Wall Street broke Sharply, at that time on reports of several motor companies being in financial troubles and brought a selling movement which carried prices down. At Nje close values were irregular, with December wheat . Yic higher and . March Vic lower. Corn futures were off I'ic to 2'Ac, while oats were 4c higher for September and "4c to fc lower on the distant months. Rye lost 1-Ki'c to 4c and barley tec to lc. ' France was the largest buyer of wheat for export and houses with French connections at the seaboard were large buyers of December here. Country offerings were smatl and arrivals at the primaries under those of a week ago and last year, while port clearances were 1,269. 000 bushels against 314,000 bushels last year. These factors made a stronger sentiment in favor of main tenance of good prices especially when all the winter wheat markets are much higher than Chicago, where arrivals were only 115 cars. Sharp Export Trade. Around 1,000.000 bushels of wheat was sold for export late Tuesday and today In all positions. France took 700.000 bushels at 49f5flc over Chicago December f. o. h. New York, In order to fill boats that had suddenly arrived. At the last there were buyers of No. 2 red or hard winter at '34c over December, track New York for August shipment snd 33c over for the first half of September, while at the gulf bids ranued from 34 (fr 36c .over for last half of September to last hau October. Bids on cash wheat to arrive, track Chicago, for five and 10 days shipment were 2c higher. The gulf bid 26c ovor December, track New Orleans or Galves ton for all Sentember shipment of No. 1 hard or red winter. Premiums at Chicago were l2c higher, with spot "'Sales 20J22c over the future with No. 1 hard at 2.r..1W 2.54: and No. 1 red at $2.55 2.56. Springs were 4fM0c higher. Local receipts 70 cars winter, 12 cars spring and 17 cars mixed. Persistent buying of September corn by houses that usually act for eastern cotton traders and by the Armour Grain Co., caused an advance of about lc over the previous close In the early trading, but outside support failed to develop snd to ward the last the. reported fallnro vi several automobile firms led to general selling and a hrpak of 3c from the high, floslntr trades were about the bottom. Deferred deliveries had a range of 2V)0 2o and closed at the bottom- with a heavy undertone. Reinstate on Bulge. Strength In the cash position and the continued export demand for wheat had some effect In the early trading. P'.mo of tho local professionals who covered on Monday's break reinstated their lines on today's bulge. December at the top being 3ic above the low of that day. Cash corn waa In urgent demand and "4c higher, with No. 2 yellow uo to SI. 68. The new freights go into effect to-' morrow, and shippers were anxious to take advantage of the present low rates. In dustries were also after the grain. Coun try offerings show an increase, stations of fering a car here and there that have been out of the market for weeks. Bids to ar rive were 2c higher, with 5c over Sep. temher bid for No. 3 yellow for 30-day shipment and 10c over for 10 days. Re ceipts, 4 5 cars, Oats showed stubborn resistance to sell ing pressure, especially the September, which advanced frrtm a fractional discount under December to c premium at the last, closing firm. Deferred deliveries broke with corn at the last. Offerings In the sample market were disappointing and premiums stronger with receipts 164 cars. There-4s -a lack of pressure of cash rye in all markets. The seaboard was after grain here and bought 60000 bushels late In the day for early September call at equal to 27c over Chicago September f. o. h. here. The seaboard sold 70,000 bushels for export. Premiums were stronger, with No. 2 selling at 1718e over September at 52.02 2.03, while Minneapolis was lo higher at 2T.c over. Receipts, 15 cars. Barley prices showed little change, the market being dull, with .limited offerings. Spot sales were at $1.05 1.12. Receipts, three cars. Pit Notes. At the way exporters are taking the wheat there will have to be a larger movement from the country to enable these who have sold for loading -In the next three months to fill their sales. So far this season export clearances from th seaboard have been 70,000,000 bush els. A torsi exporter, who has dono a lnrge business, estimates that fully 70.000, OOd bushels more have been sold for fu ture loading. Thla makes 140.000.000 bushels, all told. On the basis of 225,000, 000 bushels exported for the season ended June 30, 1920, this Is only 85,000,000 bush els under the total of Ihe last season. It Is considered a large business for two nimths. Should It continue at the pres ent rate. tho exports 6f the last season might he exceeded. A nurrtber of the largest buyers of corn futures, who loaded up early In the -day and assisted In making the advance, wero tho best sellers on the break of lc In the lust half hour. Commission houses had liberal selling orders on September and December on the bulge. Delivery ot 6.000 bushels cosh corn on August sales wero made by Simons, Day ft Co. to the Rogers Grain company. Au gust Was $1.56, or 7c under the No. 2 mixed. Csnadian traders were sellers of De cember oats. Cash houses were the best buyers of September, putting thejn to a premium. 1 A keen demand Is developing from In terior mills for Canadian wheat. Were the gluten test better known, It Is said that a good business would develop. A sample of frosted corn was received from Maxwell. Neb. It Is said to repre sent the average of thousands of acres In the western part of that state. It at tracted a great deal of attention, as the grain was Just In the milk stage. It also showed the effect of drought earlier In the season. Foreign crop reports were less favor able on the whole. In the United King dom harvesting Is progressing slowly, on account of "wet weather. Much damage has been done to the Italian corn crop. In' France, a good crop of wheat Is ex pected. North Africa will have to im port considerable quantities ot wheat, rye and some barley. ' Omaha, Aug. 25. Wheat receipts showed a further falling off today, arrivals being 77 cars against 86 cars last week and 143 cars a year ago. Wheat sold readily at an advance of lc to 2c. Corn was rather slow with prices ranging a cent up to a cent off. White showed the advance, yellow was unchanged to lc lower, and miited lc off. Oats had a ready sale with prices unchanged to yic up, the bulk Yic up, Ihe bulk YiC higher. Rye advanced 2 cents. WHEAT. No. 1 hard: 4 2-5 cars, $2.47; 1 car, $2.46 (smutty). No. 2 hard: 1 car, $2.50 (dark): 2 cars. $2.46; 9 cars, $2.45; 1 car, $2.45 (smutty); 1 cars. $2.44 (smutty). No. 3 hard: 1 car, $2.50 (dark, smutty): 4 cars, $2.44. No. 4 hard: 1 csr. $2.43: 2 cars. $2.42. No. 6 hard: 2 cars, $2.40. .Sample hard: 1 car, $2.45 hot In bot tom); 1 car. $2.42; lcar. $2.30 (emptty). No. 2 northern spring: 1 car. $2.52 (dark). No. 4 northern . spring: 1 csr, $2.42 (dark). No. 5 spring: 3-S car, $-.41. ' Sample spring: 1 car, $2.32 (dark north ern); 1 car, $2.30 (dark northern). No. 6 mixed: 1 car, $2,41. CORN. No. 2 white: 3 Cars, $1.62. No. 3 white: 3 cars, $1.50. No. 1 yellow: 3-6 car. $1.63. No. 2 yellow: 1 car, $1.63 (special bill lng); 3 cars. $1.52. No. 3 yellow: 3 cars. $1.60. Sample yellow: 1 car, $1.41 (shippers' weights). No. 2 mixed: 1 car. $1.49;" car, $1.48. No. 3 mixed: 2 cars, $1.47. No. 4 mixed: 1 car. $1.46. No. 6 mixed: 1 car, $1.45 (shippers' weights). Sample mixed: 2-5 car, $1.40. OATS. No. 2 white: 8 cars, 68c. No. 3 white:-15 cars, 67c. No. 4 white: 6 cars. 67c. Sample white: 1 car. 67c. RYE. No. 2: 1 car, $1.93. No. 3. 1 car. $1.90. No. 4: 1 car. $1.91. OMAHA RECEIPTS AND SHIPMENTS. Receipts Today Wk. Ago Yr. Ago Wheat 77 SB 343 Corn 26 21 15 Oats 28 30 16 Rye 4 7 2 Barley 2 4 3 Shipments Today Wk. Ago Yr. Ago Wheat 73 86 133 Corn 11 93 Oats 26 25 14 Rye 1 6 Itocal Stocks and Bonds Quotations furnished by Burns, Brinker ft Co. Stocks Bid Asked Burg.-Na.sh Co 7 pet pfd. '23-42 97 100 Eldrg.-Reynolfls Co I pet pfd. 97 100 Uooch Food Prod pfd 87 - 90 Harding Cream 7 ict pfd 100 Lincoln TAT com 7.pct....i J 97 Lion Bonding ft Surety Co 150 Om ft Co B St Ry pfd 37 47 Paxn ft Qalgher Co 7 pet pfd. 100 102 M O Peters Mill 7 pet pfd.... 97 100 Sher-Wms Paint Co 7 pet pfd. 96 100 Sioux City Yarda 6 pet pfd.,'.. .. 86 M E Smith Bldg Co 7 pet pfd. 97 . 100 Thompan-Bldn ft Co 7 pet pfd. 96 98 Union Stpck Yards, Omaha.. .. 95 98 Bonds . Bid Asked Argentine .Govt 4s 1958...... 7.00 Armour ft. Co 7s, 1930 tH: H Hurt-Wash Drain 6s. 1921-24,.',.. ...6.50 Dundee Paving 6s. 1930 ' 09 ' 100 Hill Bldg 6s, 1931-1930 .'..... '.6.40 Omaha Athletic 6s, 1932 "HHI Ora ft Co B St Ry 6s. 1928.... 70 73 i Omaha. Hay Market.' Rcceipts of prairie hay and alfalfa ars soma larger snd with the demand being so quiet It has caused the market to be weak, and lower on all grades of prairie hay and straw. Alfalfa continues steady. tpland Prairie Hay No. 1, S'HSO 17.50; No. 2. $13.0015.60; No. 3. iLOXty 9.50. ' . Midland Prairie Hay No. 1, $14.60 16.50; No. 9. $12.00014.00. lowland Prairie Hay-t-No. 1, (10.000 12.00; No., Z: $8.0O3.O0i. Kp. 3.. $6.00 7.0O." J' '' y ; . H s." Alfalfa Choice. IjS'.OO: No.,, 1.124.000 26.00: standard, $f80&3;. 00; No! $16.00 01 .: No. 3i- $10.00U.60. .( .'' Stfsw-r-Oat, $10.00012.00; wheat. $9.00 6 11.00. . , . ': New , York Sugar. . New York. Aug. 25. Sugar Raw. heavy; centrifugal, 18.04c. Refined, easy; fine granulated, 17.0017.10c. Sugar futures continued easy in sym pathy with the unsettled sugar conditions generally, the market at midday being 25 to 35 points net lower. Wall street in terests sold. Sugar futures closed stesdy;' sales, 1.850 tons; September, 10.15c; October, 10.10c; December, 10.00c; January, 9.60c; March, 9.60c. Liberty Bond Prices. New York, Aug. 25. Prices of Liberty bonds at noon were: " 3s. 89.94; first 4s. S4.60; second "4s. 84.34; first 4s, 84.96; second 4s, 84.60; -third 4V,s, 87.86; fourth 44s. 84.90; Victory Ss, 95.50; Victory 4.s. 95.48. Llbertv bonds closed: 3s. 89.92; first 4s 84.62: second 4s, 84.36; first 4s. 84.88; second 4s, 84.62; third 4's, 87.88;. fourth 4is, 8494; Victory 3s. 95.62; Victory '4s, 96.52. Price Currer,L Grain Reporter says: The soil condition largely too dry In all states, especially South Dakota and Okla homa. However, since date of these re ports rains have occurred in upper and middle Mississippi and lower and middle Missouri valleys southward over Kansas and Oklahoma, most of Missouri and also Ohio. Amounts were moderate in Min nesota and heavy to excessive westward. Condition must be most favorable in tho corn belt in ordCr to mature the heavy crop of corn will be required. Condition of corn as compared with a government normal of 100 is estimated as follows: Ohio, 98; Indiana. 89; Illi nois, 75; Missouri, 85; Iowa, 94; Nebraska, 92; Kansas. 92, and Oklahoma, 94. The flat average of the above condition, 89, as compared with a flat average of 92 two weeks ago. The growth is heavy to the extreme western and eastern and northern boundaries of the corn belt. United States weekly weather and crop "report: The week averaged below the seasonal normal In most sections from the Rocky mountains eastward, especially in the lower great plains with continued fre quent rains In tho eastern states, moderate to heavy rains very favorable In central district between the Mississippi river and the Rocky mountains, which greatly Im proved corn in that area, although too late for benefit In a few localities. Warmer weather needed for corn In most northern sections. Progress of crop average to very good in most of the south and At lantic -coast states. Harvest of late grain crops' made good progress In the north west, but was delayed by wet weather m the northeast. Other crops made safely advance and soil is now in good condition for plowing in moat of the winter wheat New York Produce. New York, Aug. 25. Butter Firm; creamery, higher than extras, 6758c; creamery extras, 6657c; firsts, 61 56c Kggs Firm; fresh-gathared extra firsts, 5759c; firsts, 6366c. Cheese Steady and unchanged. Poultry Alive, steady; broilers, by ex press, 3641c Dressed, steady: western broilers, fresh, 40 63c; others unchanged. Minneapolis train. , Minneapolis, Aug. 25. Flour Market unchanged. Bran $42.00. S V"rn St.55rl,66. 6ats 64g)65c. Barley S8c$l. 08. Rye No. 2. $1.92 1.93. Flax No. 1. $3.21 3.23. Butter and Eggs In Omaha. Eggs No. 1, 48c per dozen: No. 2. 40c per dozen; cracks, 36c per dozen. Butter 41c per pound. - Chicago Produce. Chicago, Aug. 25. Butter Higher; creamery, 44 66c. Eggs Higher; receipts, 9,492 cases; firsts, 4849c; ordinary firsts, 4243c; at mark, cases Included, 4446c; storage packed firsts, 60c. Poultry Alive, , lower; fowls, 2833c; springs, 35c. Bonds and Notes Bonds snd not quotations furnished. by reters Trust coinpanv: V Approx. Bid. Asked. Yield. Am. T. ft T. 6s. 1924 Am. T. ft T. 6s. 1936... Am. Tob. 7s, )92!..... Am. Tob.- 7s. 1923.,... Anaconda Cop. 6s, 1929. A. -French Ex. 6s, 1920. Armour 7a. 1930 Belgian (iov. 6s, 1926. .. Belgian Gov. 7S. 1945. Beth. Steel 7s, 1922... Beth. Steel. 7s. 1923... British 6s, 1929 British 6s, 1921...... I'., B. ft Q. 4s, 1921... Can. Gov. 6s, 1921... Can. Gov. 5s. 1929... C. C. C. ft St. L. 6s, 1929 84 Cud. Pkg. Co. 7s, 1923.. 97 Goodrich s. 1925 93 .lap. Gov. 1st 4s, 1926 71 Jap. Gov. 4s. 1931 69 '4 l.lgget ft Myers 6s. 1921 .. 97 Procter ft Gam. 7s. 1922. Procter ft Gam. 7s, 1923. Swift ft Co. 6s. 1921... SwIfs Gov. s.. 1940 Union Pacific 6, 1928. Wilson Con.. 6s. 1928 . . . 93 95 , 99 99 , 89 99 96 90 91 98 , 97 . 84 96 94 -97 Vi 91 92 96 99 99 l 90 ' 99 96 92 97 98 97 85 96 96 98 91 85 98 92 8.6S 6.96 7.60 7.10 7.60 7.25 7.65 8 15 7.70 7.80 8.00 7.80 9.40 9.30 7.60 6.80 8.30 7.76 9.00 71 12.2 6 lion 7 99 98 102 102 96 7 '4 83 84 99 99 97 ' L21I k0 :o 7.10 8.10 7.75 6 45 8.70 15 17 9 Si 92 0 18 (. 83 9 12 12 New York Money. New York, Aug. 25. Mercantile Paper-Unchanged- . . - Kxrhange-r-Trrfgular. .... u. ' Sterling Demand.. $J.6i;: cables, $3.-68. - v Francs Demafid, 7.10c; . cables, 7.12c. Belgian France Demand, T.62c; cables, 7" Guilders Demand, 31.25c: cables. 31.60c. Lire Demand, 4.63c: cables. 4.64c. Marks Demand, 2,04c; cables. 2.06o. Now York Exchange on Montreal 11 15-16 per cent discount. Time Loans Strong; unchanged. Call Money Strong; high. 8 per cent; low. 7 per cent; ruling rate, 7 per cent, closing bid. 7 per cent offered at 8 per cent; last loan. 8 per cent. Chicago Stocks. The following quotations are furnished by Logatl ft Bryan, members of all Prin cipal Exchanges, Boom 248 Peters Trust building (formerly Bee building). Seven tetnth and Farnarrl streets. Omaha, Neb.. Armour & Co. pid Armour Leather Co. common Cudahy Packing Co. common Continental Motors t.lhhv XlrXeil LibbV .n, W,nl Co 29S! National Leather 10 1S Reo Motor Car Co ,iit,oii? swift Co...- '1SI$1SI Swift International 30 30 Union Carbido ft Carbon Co.. 64 64 New York Sugar. New York, Aug. 25. Prices for raw sugar sre entirely nominal, as there Is considerable sugar on the spot and afloat for which bids are being solicited. The market Is practically deadlocked, await ing a moro active demand for granulated. It was reported, however, that 6,000 tons of Cuban had been sold to France at 10 c, f. o. b. Cuba, and that 30,000 bags had been shipped from Santos and Bahla to United States ports. The last figure on centrifugal was 12.04c, duty paid, which is now absolutely a nominal quo tation. , Turpentine and Rosin. Savannah. Ga., Aug. 25. Turpentine Steady; $1.40; sales. 100 barrels; re ceipts 417 bairels; shipments. 419 car rels; stock, 9.727 barrels. Rosin Firm; sales, 1,185 casks; re ceipts, 1,242 casks; shipments, 2,404 casks; stock, 41,368 casks. Quote: B. D. E. F, G. H, I, K, M, N, WO, WW, $12,000 15.00.' New-York (ieneral. New York. Aug. 86. Wheat Firm; No. 2 red and No. 2 hard, $2.69, both c. 1. f. track spot New York;. No. 2 mixed durum, $2.60, to arrive. Com Steady: No. 2 yellow. $1.84 c I. f. New York, 10-day shipment. Hats Easy; No. I white, fSc; No. 3 while, 86c. Other articles unchanged. Evaporated Apples and Pried Fruit. New York, Aug. 25. Evaporated Apples Dull. Prunes Quiet. , Apricots Stesdy. Peaches Stagdy. v Raisins Inactive. Cotton Future. Now York. Aug. 25-rCotton futures opened barely steady; October, 37.40o; De cember, 26.10e; January, SS.SSo; March, 25.00cLMay. 24,70c. St, Louis tiraln. St. Louis, Aug. 35 Wheat September, $2.33; December, $2.31.' Corn September, $1.46; December. $1.20 bid. Oati September. 6"c; December. 67 Uc. - New York Metals. JCew York, Aug. S. Tin Easier; spot ami nearbv, $46.80; futures, $46.25. Lead Easier; spot. $9.0009.13. Copper, Iron, Antimony and Zinc Un changed. At London Spot: Tin. 1262, 15s: lead, 136, 16s;,atnc. 40;, others unchanged. Bar Silver. York, Aug. 85. Silver Bar, do unchangetl; foreign, 97c; Mexican Tc. New nestle, dollars. Knot CAtton. ' New York, Aug. 25. Cotton mldd HnayjOc. i -Spot, quiet; New York Dry Goods. New York Aug. 25. Cotton goods were quiet In today's market, with prices soft ening. Yarns were lower, knit goods slightly more active, and wool goods very quiet. A Uttle more business In silks at first hands was reported. Duluth. Linseed Oil. Aug. 25. Linseed. $3.2903.28. Established 1866' Planting Gold ONLY a foolish man would plant gold in the 'earth arid expect it to grow. The man who puts his money in doubt ful investments is more foolish, as he ; may even fail to re coyer his capital. No investment source in Omaha is more careful than The Omaha Na tional to place en trusted funds wise iy. We will gladly serve you. The Omittha LValional, Bank Itsxnoin ttf StTwntenffla' Capital and Surplus, $2,000,000 CHICAGO CLOSING PRICES. By. Updike Grain Co.. Doug. 2C27. Aug. 25. Art'eg Open I High. Low. Close. I Yes. Wheatl I " I " Dec. I 2.34 2.36 2.32 2.33 2.32 Mch. 2.32 I 2.34 J 2.29 2.30 2.31 Itye. I I Sep. 1.80) 1.87 I 1.84 1.84 1.85 Dec. I 1.70t 1.70 1 1.66 1.66 1.70 ! I -u.io.-i Sep. ! 1.46 ! 1.47! 1.44 1.44 1.4G Dec. 1.20 1.21 1.19 1.19 1.20v; Mav 1.19 1.19 1.16 1.17 1.19 Oats . Sep. .67 .67 .66 .67 .-!' Dec. .67 .67 .66 .66 Way ! .69, .69 .68 I .68 .69 Pork. 1 I Sep. 124.20 24.30 124.15 124.25 24.30 Oct. 126.25 125.25 '25.10 125.20 125.30 Lard I I I I I Sep." i18.10 118.10 117.95 118.02 18. K, Oct. 18.42 18.42 118.30 18.45 18.4;, Itibs.' I I Sep. 14.70 14.72 114.67 114.67 14. H " Oct. 15.17 15.17 15.00 115.10 16.15 144 143 144 141 12 38 16 13 Gaston Wms. AW. ; 9 Oen. Mot. Co. ... 23 21 21 22 Goodrich Co 67 58 66 67 Am. H. ft L. Co. 14 14 14 ;'. . . Hask. ft Brkr. Car. 70 69 69 70 U. S. Ind. Ale. Co. 86 84 84 85 inter. tNicaet zo4 Inter. Paper Co. ..81 AJax Rubber Co. . 61 Kelly-Sp. Tlra 80 Keystone T. ft Ku. 19 inter. Mere. Mar. . z& Maxwell Mot. Co. Mexican Pet. . . , Middle States Oil Pure Oil , Wlllys-O. Co. ... Pierce OH Corp. Pan-Am. Pet. ft T. 89 Plerce-Ar. Motor . 40 Royal Dutch Co. . 81 U. 8. Rub. Co. .. $7 Am. 8ug. Rfg. Co. 114 113 113 113 Sine. Oil A Rfg. .. 28 27 27 27 Sears-Roebuck Co. 140 140 140 140 Stromb. Carb. Co. 77 74 74 76 Studs. Corp. .... 5 62 62 65 Tob. Prod. Co. .. 67 66 (7 66 Trnns-Con. Oil ...,10 9 9 9 Texas Co 47 47 V. S. Food Pro. ..60 58 V. S. 8m.. R. ft M. 62 62 White Mot. Co. .. 48 .47 Wilson Co.. Inc. . 68 65 Westing. EL ft Mt 47 47 . Am. Woolen Co. .. 80 79 Total safes 21 66 14 69 !4 20 79 50 78 17 25 12 .164 160 160 11 11 11 38 16 IS ,87 39 79 85 20 79 61 78 18 25 12 38 15 IS 98 39 79 85 20 81 60 80 19 24 13 169 38 15 12 89 39 81 87 Money . Marks . Sterling 47 69 61 47 66 47 71 ........ 691.100 Tuesday Close . Close ,.S T ,..0198 .0198 ..$.66 . 3.56 47 6$ 67 65 46 80 New York Carb Stocks. , Allied Oil 20 9 21 Boston Montana 11 11-16 Boston Wyoming ....1 1-161 $-16 Cosden Oil 742 7 Consolidated Copper t t 1 Klk Basin 6 - Houston Oil 2 9 2 Merrlt Oil IS t 12 M id west Refining Co ...1499161. stiver jiing oi Arisona il t JJ 8DulPa Oil Simrni Petroleum .. Tonopah Divide .... Tonopah Extension . U. S. Steamship ... U. 8. Retail Candy J v w 6 26W 1 ! 2 11 o is JTew York Coffee. New York. Aug. JR. There was some k further liquidation of September in the market-for coffee futures at the opening today, but otherwise little pressure and prices did better on reports of a firmer tone In Bratll. The opening was 8 points lower on September, while other months were unchanged to 7 points higher, and after selling at 7.46c at the start, Septem ber rallied with later months. That de livery sold up to 7.80c, while . December advanced to 8.60c after receipt of special cables showing an advance In Santos, and closing prices were about the best of the day, showing net gals of 11 to 34 points. September, 7.80c: October,- 8.07c; Decem ber, '6.60c; January. 8.78c; March, 9.15c; Mav, 9.35c: July. 9.50c. Spot coffee dull; Rio 7a, 8e; Santos 4 Us, 14ftl6c. "-"" Chicago Potatoes. Chicago, Aug. 25. Potatoes Receipts, 8b cars; market steady; eastern cobblers, $5.2508.35 per barrel; Jersey cobblers, sacked, $3.25S2.35 per cwt; Minnesota Early Ohlos. $2.752.86. Can Money Earn 30? A member of a company who has had . many years , of experience in producing; alfal fa and ensilage-and growing and finishing; lambs would be pleased to see you or call on you if you are interested and ?ive you plans and every de tail of tfae business. . . - A safe and very profitable business. Qommon or 'pre ferred stock or partnership of fered. Preferred stock , re deemable in two to five years. References furnished, " .? A member of the company will be at the. Cattle botel for few days only. Call for or address S. LIVE STOCK CO, Room 836. A System of Saving You follow a system in paying your bills. Per haps the system isn't your own, but you- must stick to it if you want service. You manage to pay the bills, don't youl In some way or other you get themoney together on time so as to avoid having your gas cut off or your tele phone taken out. Why not adopt a system of saving! Obligate yourself to lay away so much a month and stick to the system just as you do in paying your bills. You can arrange with us for a system of saving which will suit your wishes. If this strikes you as being reasonable, let's talk-it over. In case you are unable to call at our office, write or phone. American Security Company Dodge at 18th. Omaha G. A. Rohrbough, Pres. C. C. Shlmer, Sec'y. FISCAL AGENTS FOR $i5,ooo,oor Morris & Company , 7i Ten Year Sinking Fund Gold Notes Dated September 1, 1920 Due September 1, 1930 Interest payable March 1 and September 1 in New York or Chicago. Coupon Notes registrable as to , principal only, in interchangeable denominations of $1,000, $500 and $100, on any interest payment date. Re deemable at the option of the Company, as a whole or in part, on 60 days' notice, at 107 during the first three years, 106 during the next three years ,105 during the next two years, and 104 during the last two years. INTEREST PAYABLE WITHOUT DEDUCTION FOR NORMAL FEDERAL INCOME TAX NOT IN EXCESS OF 2 CONTINENTAL AND COMMERCIAL TRUST AND SAVINGS BANK, CHICAGO, TRUSTEE Further information in regard to this issue it giren in a letter of Mr. Nelson Morris, Chairman of Board of Directors, of the Company, from which we kummarire as follows: v The proceeds of these Notes will be applied to "the reduction of bank loans. These Notes will be the direct obligation of Morris & Company The balance sheet as of November 1st, 1919 (the close of the last fis cal year), discloses total assets in excess of $114,000,000 ''and net current assets (after application of the proceeds of the present financing) of approximately $49,000,000. There is no Mortgage on the property of the Company except the trust deed securing its 4i2 bonds, dated July 1st, 1909, of which $16,450,000 are outstanding and $6,250,000 still issuable under the terms of the Mortgage for 75 of the actual cash expenditures, made or to be made by the Company for addi tional fixed assets. The investment of the Company in packing house real estate, branch markets, car equipment, etc., is over $40,000,000 and in securities of subsidiary Companies $8,679,953. The Indenture will provide that no .new Mortgage shall be placed on the properties and assets of the Company, except purchase money Mortgages which does not equally se cure these Notes by the lien of such Mort gage. . 1 ' The Indenture will further provide that Current Assets of the Company shall be main tained in an aggregate amount equal to at least one and one-half times all Current Liabilities, including these Notes, any Mort gage indebtedness maturing prior to the ma turity of these Notes, and any other issue of Notes or Debentures at any time outstanding. During.the four fiscal years ended -November 1, 1919 , the average annual earnings of the Company available for interest "charges after the payment of all taxes were $5,993, 487. These figures include only a relatively' small proportion ofthe earnings.accruing to the Company from its South American prop erties. , The Company's average annual inter est charges, were $2,454,791. During this period 0ver; $12.100,000 -net earnings have been retained ,in the business after paying cash dividends aggregating $1,750,000. A sinking fund is provided-beginning, Sep tember l,;1922v which will retire in semi-an-' nual installments an amount -'of these Notes aggregating $5,000,000 before maturity. PRICE 98 AND INTEREST, .YIELDING 7 All Legal matter will be approved by Messrs. Mayer, Meyer, Austrian and Piatt, Chicago. Temporary negotiable certificates, exchangeable for definitive notei, -will be delivered when, a and if issued and received by us. . Continental and Commercial Trust and Sayings Bank Chicago 7 Halsey, Stuart & Co. Incorporated Successors to , N. W. Hal.ey at Co, Chicsfo Chicago New York F. S. Moseley & Co. Boston New York Chicago The Merchants Loan & Trust Co. Chicago The above ttatem.nts are not guaranteed, but are based upon information which we believe to be accurate and reliable, and upon which we have acted in the purchase of these notes.
