-r-
.1
THE BESf OMAHA, WEDNESDAY, BEPTCMBSIt 1, lZtt.
j
U,S. TONNAGE IN
6 YEARS GROWS
VERY RAPIDLY
Lloyd's . Register $hows Gain
of More Than 5(56 Per Cent
Since 194 Exclusive of
Lake Boats.
London, Aug. 31. According to
Lloyd's Register of shipping for
1920-21 just issued, the seagoing
tonnage of the United States, apart
from Great Lakes shipping, has in
creased since 1914 by over 500 pet
cent and now Stands at 12,406,000
tons. Thus the United States conges
second only to the United Kingdom,
which has 18,111,000 tons.
Japan, which in 1914 took sixth
place, is now third, with 2,996,000
tons, closely followed by France,
with 2,963,000 tons.
Including sailing ships, but ex
cluding tonnage on the Great Lakes,
the United Stages now owns 24 per
cent of the world's tonnage, as
against 4.7 per cent six years ago,
the Register states.
The figures shown for the former
ly belligerent countries ' include a
considerable amount of enemy ton
nage provisionally allocated to those
countries. Germany, which in 1914
occupied, after the United Kingdom,
the first position with over 5,000,000
tons of shipping, now. only owns
419.000 tons.
, The steam tonnage owned byvthe
priicipal maritime countries in June,
19H). totalled 53,905,000, an increase
of 8,501,000 tons as compared with
June, 1914; but it is computed that
the world's net loss in shipping
through the war, taking into account
the suspension in normal shipbuild
ing activities, amounts to 3,516,000
tons. .
THE GUMS
Sfcr STILL FISHING- AT SHADY REST
Drawn for The Bee by Sidney Smith.
OColPATVENCC WTTlKG OUT .TWEItE
To VreirVS ON BUT ATU.CAt-
LET MM TfcU.A STOSY THViEE
" tiYO A. M0KCLV)t3H
The New Constitution
(The Be continue! today It rxplana.
Hon ot th various amendment to the
Mate constitution, proposed by the state
ronntltutlonal convention and eubmlttcd
to a vote of the people at a special elec
tion to be held September II. This elec
tion la in many respects the most Im
portant held In Nebraska In generation.
An Intelligent baUot can be cast only
after a clear understanding; of tie various
(.reposals submitted. Thor are 41 pro
posals and each la submitted for separate
vote.)
PROPOSITION NO. 13.
Amends Sections 1, 2, 6, 7, 13, 19,
2A and 26 of Article V. Provides
that the legislature may create exec
utive officers in addition jo those
now elected, such officers to be ap
pointed by the governor with the
consent of a majority of the state
senators and representatives.. Pro
vides that the legislature may as-
; lie officials, making them heads of
new executive departments. In
creases the term of the state super
inte'ndent of schools from two to
.... four years. Provides that the gov
ernor must be 30 years of age and
, must have resided in the state at
vv let five years prior to his election.
" Amends Section 6 of Article V.
Mav-&-the duty of the governor
to see that the "affairs of the state
are efficiently and economically ad
ministered." t
Amends Section, 7 of Article V.
. Provides that the governor shall
u.r.ma..4 is th. .4.1-. 1.:.1.iit
a budget of all state expenditures.
Prohibits appropriations in excess
of the governor's feepmmendation
unless by three-fifths vote of each
bouse of the legislature.
Amends Section 13 of Article V.
Removes from the governor the sole
power of pardon, commutation and
parole of convicted criminals Places
this power in the hands of a board
consisting of the governor, attorney
general and secretary of state. Pro
vides that this board-tan act only
by majority vote and after full hear
ing in open session.
Amends Section 19 of Article V.
Revises the present constitutional
provision for a board of control of
state institutions without essential
Amends Section 24 of Article V.
Removes restrictions upon the sala
ries of state officers. Provides that
the legislature may fix such salary
but that the salary of no officer shall
be changed more than once in eight
years. -
PROPOSITION NO. 14.
Creates the office of tax commis
sioner, appointed by the governor to
have jurisdiction over the adminis
tration of the revenue of lands.
With the governor, secretary of
state, state auditor and state treas
urer he shall have power to review
-and equalize assessments of prop
erty lot taxation.
s PROPOSITION NO. 15. .
.Amendments t Sertinn 1. 2. 6. 7.
' 8, 10, 11, 1213, 14, 15, 16, 18, 19, 20
and 21 of Article VI.
Authorizes the legislature to estab
lish courts inferior to the supreme
court and in addition to the district,
county and local courts.
1 Provides that a majority of the
supreme court justices sitting in a
particular case may decide it, instead
of a majority oHhe entire seven, ex
cept in cases involving the consti
tutionality of a law. AUTJlDrizes the
supreme court to appoint three dis
trict judges as associate supreme
vistices in order to permit the court
business. The entire court shall
hear all cases involving the constitu
tionality of a law and all appeals in
murder cases. -'. .
Provides that supreme court as
sociate justices be elected by dis
tricts instead of by the state at
large, each to be a resident of the
district from which elected.
Extends term of supreme court
clerk and reporter from four to six
years.
Removes salary limit for supreme
' and district judges, leaving this mat
ter to the legislature. (
Forbids county judge to practtce
' law in any matter arising from pro
ceedings in his own court.
Extends term of county judge
from two to four years.
Provides that in case of a vacancy
in the supreme or district courts, the
v governor shall appoint a judge for
-the unexpired term instead of merely
jjiitil, the next election.
Authorizes supreme court to make
. rules of procedure fbr all courts. .
- - PROPOSITION NO. 16.
Provides that no law shall be held
unconstitutional except by. agree
- men of five-sixths of the supreme
court instead of four,
r -u-i
WyJOY YVWEtt HE
CA.TCKE t VS A PERCH
VvrJEH VE em IN CTS A
fcVSS WHEM VE oE.TS
iiJ
HEU.O CAO HDfVS VVWAX At YoV POtM WAY OUT THERE
wiYvi a rcow boxy? cone cu esx vouwcEijPk'AH easy
CHAIR. Tr OM THE PIER. THtcOW OUT . A. TOOV.L.Y ANt
ttVN rr OVY f YOU wKT HAVE to T k we um tou -an
GO OVER AND REAP A BOOK NOW TO CATCH llw
a. a ai a. . , av sk nil ft? I Mj I Wl
WV VOKY XOV BET Art AalUeitwn t-t ;
VrAY DOVOVJ VfNY USE. A G 4KE UKE
.tit .
Market, Financial and Industrial News of the Day
Live Stock
Receipts were: Cattle.
Official Monday ... 14.676
Estimate Tuesday ., (,660
Two daya thia week 21,178
Same days last week 13,361
Same i weeks aso.. 18,305
Same. S weeks age.. .37
Same daya year ago. 28,413
Omaha, Auv. It.
Hogs. Sheep.
3,112 16.704
6,600
8.S1J
13,291
11,426
12,169
29.000
64,704
68,294
71,029
61,14-4
4.392 101,691
L 1
L
i 24 74 1
I 11 1
. 20 1 3
! 6 .. 1
12 2..
I 10 39 3
i 7 11
L
6 ..
I 84 118 9
HEAD.
Cattle Hogs Sheep
740 991 1,701
1,622 1,101 1,832
1,288 1,376 2,908
1,347 1,168 3,992
187
.., 1,148
67
Receipts and disposition of live stock
at tho Union Stock Yards, Omaha, Neb.,
lor 24 hours ending at i o'clock, p. m.,
August 31. 1920.
RECEIPTS CARS.
- Horses and
PnKI. U.m CI. I . . r
Wnhash ., .. 1
Missouri Pacific .... 1
Union Pacific 65
u. JV. w., east .... 3
C. ft N. V-west ..75
C , St. P., M. ft Ot .. 2
C, B. ft Q cast .. 6
C, B. ft Q, west ..104
C. R. I. ft P., st . . 6
C R. I. ft P., west . 1
Illinois Central . .
Total Receipts ...262
Morrla & Co
Swift ft Co
Cudahy Packing Co.
Armour ft Co
Wolf 4 Co.
J. W. Murphy ....
Cunningham
Lincoln Packing Co. . 68 ...
Ogden Packing Co 284
Hlgftins Packing Co. . 61 ... ...
Mayorowlch ft Vail .. 31
(Ilassherg 6
P. O'Dea g
Wlson ft Co ' 44
Vf. B. Van ant A Co. 91
Benton ft Van Sant .. 168
W. W. Hill ft Co 201
P. P. Lewis 25
Huntxlnger ft Oliver .. 91
3. B. Root ft Co S14
J. H. Bulla 141
R. M. Burruas ft Co. 12
Rosenstnck Bros, ... 114
F. O. Kellog 199 .;;
Werthetmer ft Degen 666 ...
Ellis ft Co 16
Sullivan Bros 101
A. Rothschild .. 123
Mo.-Kan. C. ft & Co. lit
E. O. Christie 71
Baker 118 ... ...
Banner Bros 43
John Harvey ........ 1,087 ...
Jensen ft Lundgren .. 08
Dennis ft Francis .... 178 ... ...
Cheek ft Krebs 100
Omaha Packing Co. . 20 . ..
pniuey , 4 , , ,, . . ,
Other Buyers ,'. 2.781 ... 18.116
Cattle Receipts of cattle wera fair thle
morning. Ui receipts, mounting Me .60
head. Total for the two days Is slightly
smaller than a week ago. . What real
good beef waa In the yards sold fully
steady. Winter fed Western Nebraska
steers reached $14.69, the high mark for
ine year, ana corn red yearlings on the
fancy order aold as high aa 117.10. Me
dium quality steers were not In auch a
good demand and the market waa a little
lower. Then waa a broad- ouxalde de
mand for cows and heifers and while pack
ers were alow about trading the market
looked generally steady. Stockers and
feeders continue to be In broad demand
and while there was not neirly aa much
good atuff In the yards as yesterday trade
waa not quotably changed.
BEKF STEERS.
J. Ar. Pr. No. Av. Pr.
S .1317 16 10
YEARLING STEERS. AND HEIFERS.
64 12 00 . 62 843 17 in
1. . WESTERN CATTLE! IDAHO.
13 hfra (64 76
... NEBRASKA.
19 cowa 921 f on 9a tan aa
37 strs 1230 10 66 21 sirs 119 f 00
It) hfra 689 7 II 22 hfra 6i 4 m
strs losn is s
if stre 1073 10 76
36 atra 993 19 60
23 atra 1130 11 00
Quotations on Pa hu r-hni..
5?? "niVA10CL17 00i oai t0 eholca beeves,
315.00l.00i alr to good beevea. 313.00
015.00; common to fair beeves, 311.60
13.00; choice to prime yearlings, 316.ni
t AV ?0l t0 ci,ole Trlvtt, 315.00
16.00; fair to good yearlings, 312.0iil6.00i
common to fair yearlings, 38.0012.00;
choice to prime cows, 38.O0jJ9.00; good to
S?i50.w' fair to good cows,
S5.9O0I.59; common. to fair eows, 13.76
6.00; good to choice feeders, 311,00912.00;
good to choice feeders, $.7611.00; medi
um to good feeders. 38.269.76i common
to fair feeders. $6.0008.25; good to choice
stockers, 89.25010.00; fair to good atock
..IS; common to fair atockers,
36.6008.00; stock heifers. 35.6007.00; stock
cows, 36.0006.60; stock calves. $5 50
9.00; veal calves, $.6011.00; bulls, stags,
etc., 35.0011.00; choice to prim grama
beeves, 311.16014.59; good to oholce graas
beeves, 3lO.OOWll.25; fair to good grass
beeves, $8.75010.00; common to fair Brass
beeves, $7.5008.75; Mexicans, $7,7509.00.
Hogs Today's supply of hogs amounted
to 3,600 head and trade was rather dull
and draggy during the early rounds. Ship
pers bought sparingly t prices generally
steady, but were Inclined to favor the
light and light .weight hogs. Packers
held out for steady to shaded prices bulk
of the receipts selling on this basis. Most
of the packing , hogs changed hands at
$14.40014.66, with choice light shipping
hogs making an extreme top ef $16.36.
- Hooa
No. Av. Sh. Pr. , No. Av. Sh. Pr.
$8. .294 169 , 14 25 6$. .241 ... 11 W
$4. .144 70' 14 36 62..304 140 14 40
J3..363 49 14 46 38. .264 49 14 60
TO. .246 40 14 60 69. .249 80 14 65
16. .230 39 14 76 ; 69. .231 40 16 00
Vc.lll ::: Hi. tsut -
, Sheep and Lambs Something like 29,000
head of sheep and lamba were received
today and good fat lambs sold on a
steady to strong market with In between
gradea of killers a little lower. Fat sheep
were generally steady. Best fat lambs
topped at 313,80 with geod ewes selling
at $7.16. Inquiry for feeders had a much
better tone and prices ruled strong to
quarter higher, good feeding lambs bring
ing $12.69 on up to $13.00.
BREEDING EWES.
113 9. P. 92 7 60 .
, FEEDER YEARLINGS AND BWES.
19 S. D. 91 6 00
Quotations on Sheep Fat range lambs,
$13.50013.95;. feeding lambs, 11.60013.90:
cull lambs, $8.90010.50; ydkrllngs. $8,000
$.75; feeding yearlings. $7.6008.60; weth
ers, $7.0008.00; ewes, $5.(001.35) feeding
ewes. $4.23 06.00; ewe Culls and cannera,
$2.0003.60.
Ion City Live Stock.
Sioux City, la., Aug. 31. Cattle Re
celpta, 2.000 head; market steady; beef
steers, fed steers, $10.00017.00; grans
steers, $6.60013.60; grass cows, $6,000
9.00: fat eows and heifers. 39.00012.6'T;
annera, $4.0005.75; vealers, $1. 60011.6";
common calves. 34.60 0 8 90: feeders, 98.00
011.69; feeding cowa and heifers. $4,000
1.80; stockers, 18.0009.00.
Hogs Receipts. 1,609 head; market
strong. ,20 centa higher; light. $16,000
16.60; mixed. $14.69015.00; rough, $13.7$
014.191 hulk. $13.11016.16.
. Sheep an Lambs Receipts, 1,500 head;
market steady. .....
- , . Ksnieu City Live Mock.
Kansas City, Mo,. Aug, 11. Cattle Re.
celpta, 11,004 head; beef steers, mostly
steadyj better grades, strong tn 25c high
er; top, $17.16; other grades, $9.00011.70;
beat she stock, strong: others slow and
steady; good calves, $10.09; mixed year
lings, $19.60; : calves, unevenly higher;
best vealers, 114.99; choice heavies and
baby beet, $11.60011.10; feeder uneven;
others mostly ateady.
Hogs Receipts, 7,900 head; opening
ateady ta 19e higher on beet; closing
teadyt other, unevenly lower; top, $15.66;
bulk light and medium weight, $16,160
16.60; hoik heavy, $14.76016.90.
Sheep and Lambs Receipts, 14.940
head; meetly . l.o lower; westers ewe.
$1.76; fat tambs, 26c to 4Ac lower: top
1 westerns, $11.40; nativea, $11.60.
Financial
Chicago Tribune-Omaha Be Leased Wire.
New York, Autjf 31. The railway
and industrial stocks traveled in op
posite directions today, the former
displaying considerable strength at
the same time that the others were
either under pressure or neglected.
Speculative buying of the rails cov
ered a fairly broad list and gains of
a point and more were well distrib
uted. The movement of the two
classes of shares emphasized to a
greater degree than before something
which has been noticed for the last
two weeks, namely that traders wefe
gradually paying less attention to
stocks of manufacturing companies
and producers of raw materials and
fuel whose Teaction has been pro
nounced this summer.
Presumably the recent partisans of the
short side have found that their efforts
to get prices down had carried many
stocks so low that disconcerting recoveries
might develop on a little conaerted buy
ing. Also, the railroad rate Increase af
forded new material for a rise of shares
which have long lain practically dor
mant, ana It appeara aa though the
seekers for quick profits have turned part
of their activities to the carriers.
Call Honey Easier.
It remains to be ssen whether sucrl a
favorable influence as the higher freight
and passenger rates can prevail over the
exlxtlng restricted credit situation. The
question also is still to be answered wheth
er reports of industrial depression in
some important directions, which lately di
rected bearish trading tactics, will result
In actualities during the autumn of a
sort to rotard growth of railroad profits.
The Immediate future of railroad Income
la closely bound up with the course of in
dustrial events. Call money was a trifle
easier today than the day before, a re
newal rate of 8 per cent being succeeded
by 9 per cent as the afternoon maximum.
The federal reserve bank called for repay
ment by local banka of about $20,000,000
deposits which represented the first In
stallment payment of the last Issue of
treasury certificates. The bank Is to re
ceive the funds tomorrow.
Bearish pressure In the Industrial list
was most noticeable In the automobile and
several of the steel Issues. Some recovery
occurred In the sugar share department,
due to short covering. The play of specu
lative forces, although on a smaller scale
than during last week and the .week -before,
indloi-ted . that the market' has not
yet become fulfy readjusted to reported busi
ness conditions. There have been enough
receiverships and Intervention by creditors
In certain lines of Industry to create a
great deal of nervousness In regard to
credit outlook. Some cases of . buslnees
embarrassment, a fallingioff In the demand
for products has, been the primary reason
tor difficulties, but the reluctance of banks
to expand credit over what are held to
be conservative totals has restricted work
ing capital with troublesome results, to
would-be borrowers, and thla process ha
keen having reflexes In the stock market
for some time.
Cotton Market Recovers, i
The cotton market followed Monday'
decline for an hour, but later turned about
and scored a smart recovery. Tomorrow
the government's monthly report on crop
conditions will b issued, aa of August
26, and preliminary estimates disclose a
wide difference of findings, running from
about 67 to 72.6 per cent ot the normal
condition at this season. The grain mar
kets gained a little ground tn a rather
Inactive aesslon.
Foreign exchange rate moved forward
slightly, atevting gaining three-quarters of
a cent with a closing quotation of 1.56 for
sight drafts. Terma of the French ar
rangement for meeting the Anglo-French
loan are expected before the end of the
week and as they are expected to fore
cast rather heavy remittances from Part
before October. IS, the steadiness of the
franc and sterling market might be con
sidered rather unusual. However, a round
amount of gold Is awaited as part of the
payment which may be having Influence
upen sentiment.
New York Quotations
Range cf , prices of the leading stocks
lurmsiwa uysogan ft iJryan, .Peters Trust
building: .
, BAILS. '
' Honda
High Low Close Close
. 83 ft Hi 83 H 83
. 43 41J4 it 41
.119 111 11DU 11
E-,T- I1- Is " ' '
j?; .i v.:! d?' "i?
vi. uriu., .riu...,. II 'M
Chi. Gt. Western.. 9
Illinois Central .. 87
M . K. ft T 7tf
n.. v,. Boumern... jovi
. 36
A. , T. ft S. F.
B. ft Ohio.....
Can. Pac.
Mo. Pacific
14
73 14 74
6ft
86 87
6 7U
19t4 19 184
26
N. Y., N. H. ft H. 36 34 14 34
No. Pac. By.
Chi. ft N. W.
Perm. R. R.
Reading Co.
C, R. I. ft P.
So. Pac. Co.
So. Railway
76 75V 764 76
... 73 73, 72 73
... 41 41 41 41
... 93 92 92 92
... 27 15 17 36
...'95 94 94 96
2S JS 16 28
33
14
$8 28
46 46
24 24
?hl.. M A fj I till 9U ai
Union Pac -.T.24 121 123 121
Wabash 9 8 8 8
STEELS.
Am. C. ft F......134 11 113 134
Allls-C. Mfg 31 11 31 ....
Am. Loco Co. ... 95 94 94 96
U. A. Steel Corp.. 40 40 40 ....
Bald. Loeo. Wks..l08 196 106'107
Beth Steel Corp.. 76 74 76 71
Crucible Steel Co. 119 118 118 135
Am.. Steel Fndrles ,w. ... 17
Lack, Steel Co. i. 68 69 68 68
Mid. Steel ft Ord. 69 69 69 39
Pressed S. C. Co.. 96 96 96 ....
Rep. I. ft S. Co... 84 83 83 $4
o.- a. on. s x. ... lit 67
U. S. Steel 89 86 88
COPPERS. ' '
An. Cop. Mln. ... 63 62 52 62U
Am. 8. ft Rfg. Co. 66 65 65 65
o. oe o. aim. to., ll IV ft Ivtt
Chile Cop. Co , . .........
Chino Cop. Co.... 28 28
Insp. Cons. Cop.. 46 46
Kenn. Cop 24 24
Miami Cop. Co. .. 19 19 19 19
Nev. Cons. C. Co. 10 19 19 10
Ray C. Cop. Co.. 16 16 II ....
Utah C. Co .61 61 81 61
INDUSTRIALS.
Am. Beet. tt Co.. 74 73 f4 ....
A.,G.ftW.t.8.8 136 133 133 193
Am. Inter. Corp.. 72 68' 79 72
Am. o. X. VO. ... Bf 84
Am. Cot Oil 24 24
Am. Tel. ft Tel.... 97 97
Brook. Rap, Trans. .... ....
Beth. Motors 6 6
Am. Can 24 34 ,34 36
Chandler Motor... 86 84 '84 86
Central Leather... 64 53 63 63
Cuba Cane Sugar.. 33 33 33 32
Cal. Pkg. Corp.... 66 66 68
CaL Pet. Corp..,". 27 2T 27 28
Corn Prod. Ref... 19 97 87 89
flsk Rub. Co..... 36 26 16 27
General Electric .141 141 141 141
General Motors..... $1 21 21 . 2m
Goodrich Co 86 II, 61 64
Am. Hide ft Leath. 13 11 11 ....
Haskel ft Brkr. . . .. 70 89 68 (
U. S. Ind. Alcohol 84 81 81U 86
int Nickel, ..19 19 19 19
Int. Paper;.. 79. 79 79 79
Ajax Rubber .... 47 44 46 ....
Kelly-Springfield ' 75 76 76 76
Keystone T. ft R. 17 17 17 16
Int. Merc. Mar.... 21 22 22 .24
Maxwell Motor ... 10 10 10 11
94 86
t
97 97
....
6
Chicago Grain
By CHARLES D. MICHAELS.
Chicago Tribune-Omaha Bee Leased Wire.
Chicago, 111., Aug. 31. A bullish
wheat situation and a cold weather
scare in corn with an oversold con
dition of all markets placed them
in a position to be easily advanced.
While the close was not at the best
prices, there were net gains of
to lyic on wheat, lfa to 54c on
corn, to ;4c"on th6 distant fu
tures of oats and a loss of c on
September, while rye was J, to J4c
off pn the distant futures of oats
and a loss of c on September,
while rye was to c higher.
September liquidation in corn and
oats tempered the strength in the
distant futures as cash market were
weak.
Weak spots In the market for wheat
futures were taken advantage of by ex
porters to buy December and -.with no sell
ing of consequence other than by local
operators, prices advanced 3 to 4o with
December leading and closed within
to c of the top. December was $2.34
to $2.34 and March $2.30 with No.
1 grades 20c over December for winters,
buyers making little distinction between
old and new billing.
Predict -Light Frost.
Predictions of light frost in ttw western
portions of the Dakotaa and Nebraska
turned a weak ami declining torn market
into a strong ana advancing one; Scat
tered liquidation was on ear,ly which car
ried prices off l2o from' the previous
day's close but tho rally which followed
put the market up 23c with the fin
ish at a fractional net gain.
September oats showed a heavy under
tone as the result of scattered liquida
tion by longs who feared deliveries on
contracts. This nut the SeDtember t lo
under the December.ythe widest discounts
o ir Willi imp viuod ,i 1110 uuluiu.
of the trade In the deferred futures was
of a local character. Premiums In the
sample market were U'efco higher with
sample values unchanged to o higher.
Receipts 192 cars. Shipping sales 37.000
bushels. v
Premium on spot rye dropped 3 06o to
T10c over September for new billed No.
2 on track here. Demand pr cash grain
from shippers who had August contracts
to fill was not in evidence and buyers
were inclined to hold off. Future were
dull and closed firmer with wheat. Spot
No. 2 aold at $1.92 01.96. Receipts,
14 cars. - r t ,
Maltster were after choice barley and
with light offerings prices were unchanged.
SpSt sales, $1.0601.16. Receipts, 9 cars.
Pit Note.
' A corn crop of 3,136,000,000 bushels, the
largest on record. Is estimated by P. SI
Goodman In his September crop report for
Clement, Curtis ft Co. Thi compare with
2.063,000,000 bushels a month ago. and
final returns of 2,917.000,000 bushels last
year. In 1911, the yield wa 3,125,000,000
buehels,
The oat crop is estimated at 1,505.000,
000 bushels, the fourth largest on record
and comoares with 1.403.000.000 bushels a
month ago and 1.248,000,000 bushels last
yef.
There la a strong undercurrent of bull
leh . sentiment In wheat. Some of the
leading cash Handlers are nutspoKen in
their views, but In general the local ele
ment are Inclined to the bear aide en ac
count of ' the weakness of late In other
grains. A point in the situation made ny
the bulla Is that Europe cannot buy wheat
anywhere elee In the world for some
months except from North America, and
that while the foreign call may let up
ritin iimo cu iimv, 11 win tunio utii
oulckly. Out of total world's exporta last
week of 11,250,000 bushels. North America
furnished 11,000,000 bushels..
Cash house and Industrie were seller
of September corn and oats, especially
the latter. Scattered long let go a great
dnal of corn while In oat the September
was replaced Jay purchases of December
and May., September dropped ta lc un
der December, the largest discount of the
season, as support was poor.
There will be no deliveries of grain on
September trades tomorrow, although pos
sibly a few oats may be sent out. A fair
quantity of lard and pork, i expected to
De delivered.
Bulk of the 6.000.000 bushels wheat re
malnlng in Australia will be exported in
September and the new, crop will not be
vsllable until next February, according to
a Bromnall came.
Omaha Grain
Chicago Live Stock. v
Chicago, Aug, , 81. Cattle Receipts,
13.000 head: choice steers and yearlings,
steady; others mostly 26c lower; top,
strong: $17.75; hulk, choice; all weights,
$1B. 501917.60; good steeers. mostly . $16.25
(RilC.25; grassy kind, $9.00$14.60;'' good
cows, $3.75)12.7-6; fanners, $4.0004.75;
steady: In-between cows, $6.7508.50. weak
er. Bologna, bulls, mostly $5.6006.5(1;
calves. 25fi50e higher; bulk wioice veal
ers, $16.75017.50; good feeders, strong;
steckers, slow steady; common quants';
rangers, steady, $8.50(311.00.
Hogs Receipts. 24.000 heart: opened 15
?25c higher, dosed mostly steady to 10c
hlRner; closed witn yesterday a average;
early top, $16,201 bulk light and butcher.
$15.30(S16.00; bulk packing sows, $14.10
14.4(1; nigs. 25c higher; bulk, desirablo
klniis. 14. 50015. 25.
Sheep Receipts. $0,009 bead; fat lambs,
2Sc lower: top western. $14,00; top native,
$13.75; bulk native, $12.60S13.25 sheep,
steady to lower; choice western ewes,
$7.65; good to choice natives.. 17.25 7.60:
good Montana wethers, $4.25: Washington
yearlings, $10.60; best light feeder lambs,
$13.26.
Turpentine and" Rosin.
Savannah, yOa., Aug. 31. Turpentine-
Firm. 11.37(91.38; sales, 600 bnls.: re
ceipts, 733 bbls. ;' shipments, 364 bbls. ;
stork. 10,0.14 bbls.
Rosin Steady: sales, 1,349 ranks; re
ceipts, 1.776 casks: shipments, 668 cesks:
stock, 397 casks. Quote: B. r. E, F, Gi
H. I, 12.35c; K. M, N, WO, WW, 12.35
60c
Chicago Produce.
Chicago, Aug. 81. Butter Market low
er: creamery, 4364c.
Eggs Higher; receipts, 11.991 cases;
firsts, 60 61c; ordinary firsts, 41 47c;
at mark, rases Included, 4649c; atorage
packed firsts, 61c. , ,
Poultry Alive, higher; .fowls, I686c;
springs, J3c. , ,
Bar HIItV. , '
New York, Aug. lit Rar Silver Domes
tic. 99c; foreign, 92c; Mexican dol
lars, 70c. .
Mex. Pet, 163 160
Middle. States OH. U 11
Pure Oil 28 38
Wlllys-Overlsnd .. 16.. 16
Pierce Oil Corp... 13 ' 12
Pan- Am. Pet.... 17 86
Pierce-Rrrew .... 17 36
Royal Dutch 82 82 i
U. S. Rubber 86 85
Am. Sugar Rfg. ..112 112
Sinclair O. A R. .. 28 98
Pear-Roebuck ....149 139
Stromberg Carb... 11 72
Studebaker Corp.. 62
66
60
64
9
Tob. Prod
Trans-Continental 9
Texas Cow 47 ;. 46
u. s. rone rroa.. ov 69
8. S.. R. ft M..
White Motor 45 44
West. Airbrake... 10U 10 U,
West E. ft V...W
A. Woolen ...... i 90
Total sales. 660.200 share.
Money Close, 9 per cent; Monday'
cleie, 19 per oent. .
Marks ,0206c.
Sterling $3.65. .
47
71
161
1H
38
15
13
86
36
83
85
113
V
139
72
0
65
, 9
47
' 59
44
19
4T
11
161
11
38
15
12
X7
, iH
83
85
111
28
10
74
61
64
94
69
63
5H
.81
48
Omaha, August 31, '1920.
The market was very quiet and
without particular feature.
Spot wheat sold fairly well at a
general advance of a cent. Corn was
extremely, slow at prices ranging
from unchanged to 2 cents off. Buy
ers took oats very slowlv at around
a cent decline. Rye sold up a cent.
Barley was practically unchanged.
As a whole, the market was an un
usually dull one.
RECEIPTS AND SHIPMENTS.
Receipts Today Wk Ago.
Wheat ; 110 87
Corn 31 25
Oat 39 24
Rye 6 7
Barley 2 S
Shipments
Wheat 40 98
Corn 15 33
Oat 24 17
Rye 1 6
Barley 2 0
RECEIPTS IN OTHER MARKETS.
9 Wheat Corn Oats
Chicago 186 218 ,296
Kansas City.... 122 , 16 ' 61
St Louis 118 46 66
Minneapolis ,, 360 ... ...
Duluth 61 . ...
Winnipeg 176 ... i..
DAILY INSPECTION REPORT.
The dally Inspection report shows this
grain Inspected "In" In 24 hours':
Wheat Hard winter: 46 cars No. 1,
46 cars No. 2, 26 cars No. 3, 16 cars. No.
4, 3 cars, No. 6, 4 cars sample. Mixed'
6 cars No. 1, 3 cara No. 2, 2 cars No. 6,
1 car sample. Spring: 1 car No, 1, 2 ears
No. 6, 9 cars sample. Durum: 2 cars No.
3. Total, 165 cars In.
Corn Yellow: 1 car No. 1, 9 cars No. 2,
4 cars No. 8, 1 car No. i. White: 3 cant
No. 1, 6 cars No. 2, 8 car No: 3. Mixed:
1 car No. 1. 13 cara No. 2, 6 cars No. 3,
2 cars No. 4, 1 car No. 6, 1 car sample.
Total, 54 cars In,
Oats White: 7 car No. I, 44 cars No.
5, 8 cars No. 4, 3 car sample. Total, 62
cars In.
Rye T car No. 2, 3 car No. 3, 1 car
No. 4., Total, 11 car In.
Barley 2 cars No. 3, 3 cars No. 4, 2
cars No. 1 feed, 1 car rejected. Total, 7
car In.
PRIMARY MOVEMENT. ,
Receipts Today. Wk. Ago. Yr. Ago.
Wheat 1,300.000 1,134,000 6,694,000
Corn 636,000 316,009 974,000
Oat ........1,622,000 1,312,000 1,803,000
Shipments
Wheat SttMD 476,000 998,000
Corn 149.004) 147,000 801,000
Oat 63490 437,000 1,016,000
TODAY' TOTAL CLEARANCES.
Today. ' Yr. Ago.
Wheat and flour 1,308,000 784,000
Oats 474.000
..... U. S. VISIBLE; GRAIN SUPPLY.
Teday. Yr. Ago. Changes.
Wheat 19,354,000 66,928,600 341,000
IVaa
Corn ...... 2,898,000 556,000 719,000
' v Inc
Oat ...... 3,813,000 19,411,000 1,002,000
CHICAGO CLOSING PRICES.
Art'es j Open
Doc.
Moh.
Kye. I
aep.
Dec.
Corn.
Sep.
Dec.
May
Oat
Sep.
Dee.
May
Pork.
Sep.
Oct.
Lard I
Sep.
Oct.
Ribs.
Sep.
Oct.
2.32 2.35
2.29 I 2 31
1.85 1.86
1.65 1.66
J.40 1.41
1.18 . 1.19
1.16 1.16
.66 .66
.66 .66
.68, .68
123.80 2430
124.76 26,30
18.40 18.42 '
18.76 18.80
H.OOi
15.60
1S.20
16.66
I Low. Close I Yes'dy
I l
2.31 2.24 1.33
2.38 2.30 2.29
1.84 1.8s4 1.8SH
1.64 1.66 1.66
1.37 1.40 1.40
1.16 1.11 l.llj
1.14 1.16 1.16
.65 .65 .66
.66 .66 -.66
.67 .68 .68
2175 24.00 24.20
24.75 24.96 26.20
18.17 18.40 18.46
18.65 18.80 18.82
14.90 15.20 15.05
15.37 96.66 16.66
Minneapolis
, Minneapolis, Minn.,
Unchanged.
Bran 142.00.
Corn S1.40O1.42.
Oats 60 61 c.
Barley 86$1.06.
Rye No. 2, $1.84 Q
Flax No. 1, $3.163.
Grain.
Aug. 31. Flour
1.86.
19.
New York General.
New York, Aug. 3L Rye Steady; No. 2
western, $2.36 f..o. b. New York, and
$2.23 c. 1. f. domestic.
Barley Firm: feeding, $1.16; malting,
$1.24 c. 1. f. New York.
Wheat Spot steady; No. 2 red and No.
2 hard, $2.69, and No. 2 mixed durum.
$2.61 c. 1. f. track New York to arrive.
Corn Spot easy; No. 2 yellow, $1.73
c. 1. t New York, 10-day shipment.
Oats Spot easy; No. 1 white, 82c. ,
Lard Barely steady; middle west,
J19.0518.15.
'.... t? X -.I, T" I . t
wiiuii dccu wii rum, priiiiB Bummen
yellow, spot, $11.90; October, $12.67; De-
wiiiuri, jnaiii, , id.us.
Flour Quiet; spring patents, $12.2Cfi
, 1 I' H ,i.n, I u ly. , V , nill,Cl
straights, 1U.0011.60; Kansaa straights,
tlZ.UVGEPid.UU.
Cornmeal Dull; yellow and white gran
ulated, $3.904.00.
Hay Steady: No. 1. 12.0502.15; No. 2,
1.96 6i 2.05: No. 3. 11.6018)1.90: shloolnir.
$1.60 (fill. 70.
Hops Dull; state and Pacific coast,
1919, 78 if) 80c; 1918, 6572c.
Pork Barely steady; mess, $32.00
38.00; family, $44.0050.00.
Lard Steady; middle , west. $19,159
19.26. - 1
Tallow Easy; special loose, $10.00.
Rice Easy; fancy head, 1313c; Blue
Rose, choice, 10c.
Spot Cotton.
New York, Aug. 31. Spot Cotton, quiet;
middling,, 3l.7tc.
Cotton futures closed steady; October,
27.13s; December, 25.48c; January, 24.93c;
March,. 24.60c; May, 24.15c. ... . .
GERMAN CITIES BONDS
ar now. actually . traded in a . ,
the New York Curb f
We are specialists in these issue
and .particularly recommend the pur
chase or
BERLIN 4, HAMBURG 4tf
BREMEN 4
for the reason thnt these cities represent the
moat tmimrunt Industrial and Shipping cen
ter! in Uermsny and Uieae Bonds hire bf far
the largest security beck ef theta.
' At anient rlm, erotlti ef 1,000 er teat
are feMlkl. We saeevte errfirs either ter
cash or ea aeaiemtlvs Mania.
Writ for Circular K-9.
'.Send for our Weekly Msrket Letter
eontalnlns careful analysti ef aU active
N. Y. Blocks mailed FREE.
HENRJ A BERNHARD WOLl
A CO., I.e.
tleekt Bes1 Fertile Emhaase.
299 Madlioa Ave. New Vifk City
Local Stocks and Bonds
Brlnker
Asked
195
100
100
i 90
100
. 100
I
90
Quotations furnished by Burns,
& Co.
STOCKS.
Bid
Beatrice Cream. Co 1 8 6
Hrgn-Nsh. Co. 7 Pet Pfd 1923-42 97
Kldredge-Rynlds. Co. 7 Pet. Pfd 97
Gooch Food Prd. Pfd 87
Oooch Mill. & Elev. Pfd. B. .. 95
Harding Cream Co. 7 Pet. Pfd. . .
Hawkeye Portland Cement Co. 107
Nat. Am. Fire In. Co. ......
Nichols Oil Pfd. W-bonus .. 77
Omaha Flour Mills 7 Pet. Pfd. .. 85
Paxton Galagher Co. 7 Pet. Pfd. 99 101
M. C. Peters Mill 7 Pet. Pfd. .. 97 100
M.E. Smith Bid. Co. 7 Pet. Pfd. 97 100
Sioux City Yards 6 Pet. Pfd. .. 86
Thomp'n-Belden Co. 7 Pet. Pfd. 96 98
Union Stock Yards. Omaha ..95 98
. BONDS.
Argentine Gov. 4s, 1956' 7.00
Armour & Co. 7s, 1930 .... 96 96
Burt-Wosh. Drain. 6s. 1921-24 . . 8.60
Dundee Paving 6s, 1930 .... 99 100
Hill Bldg. 6s, 1921-30 ...... .. 6.40
OmsJia Athletic 6s, 1932....'.. 100
Sinclair Consol. Oil 7s, 1925 89 90
Per cent.
New York Bonds.
ThA 'nllnu'lnr miAt.H.n.
uy j.,ogan oc uryan:
Atchison 4s
B. & O. Con. 4s
Beth. Steel Ref. 4s
Cent. Pac. 1st i
C. B. & Q. JL 4s
fit- Pnill Clan ill.
C & N. W. Gen 4s!
y& N. Un. 4s
Now York Ry. 4s
or. pac. p. It. 4a
Reading Con. 4s....;....
Union Pacific 1st 4a
U. S. 8teel 5s
U P. 1st Ref. 4s ,.
S. P. Cv. 6s
S. P. Cv. 4s
Penn. Cnn. iUi
Penn. Gen. 4s
Co. Com. 5s .,
Ash Ref. 4s
furnished
.... 74 75
v... 64 64
....'78 78
.... 71 72
.... 94 96
.... 72 72
.... 73if T4
.... 78fi 78
.... 18 21
.... 75 75
.... 80f 80
.... 80 0 80
.... 92 92
.... 74 76
.... 97 0 97
.... 76 75
.... 89
.... 76 76
.... 80 81
.... 77 78
Chicago Stock.
The following niint.Hnn. . .. . 1 v
by Logan & Bryan, member of all prin
cipal Exchanges, Room 148 Peter Trust
Building (formerly Bee Building); 17th
and Fikpnam rma , nm.l,. v. .
Armour It Co., Pfd.' .'; 91 91
Armour Leather Co., Common 15 16
Continental Motors 8 g 8
Llbby, McNeil & Libby 13 fp 13
National Leather .10 0 10
Reo Motor Car Co 22 ....
Hwirt & Co. ., 108 108
Swift International 29 29
Union Carbide A Carbon Co... 63 63
Chicago Potatoe.
rYifam. A .-v d.i.u nr..,..
n Aug,. ... (vi.wcp-nnni re
ceipt. 92 cars; Jersey cobblers, $2.90
Idaho rurals, $2.90.
New York Dry Goods.
New York, Aug. 31. Cotton goods were
quiet with prices lower In the dry goods
market here today. Yarns were week,
but silk and woolen goods wera unchanged.
The new cotton duck lists will become
effective September 15, It was announced.
London Money.
London, Aug. 81. Bar Silver
ounce.
Money 6 per cent.
Discount Rates Unchanged.
!d per
Nv York Money,
New York, Aug. 31. Prim mercantile.
paptr, 8 per cent.
Exchange Steady.
Merlin Demand, $3.55: cables, $3.66.
Francs Demand, 9.92o: cables, 1.94c.
Belgian Francs Demand, I.SSo; cables,
7.38c.
Guilder Demand, 11.76c; cablea. $l.7o.
Lire Demand. 4.64e; cables, 4.66c.
Marks Demand, 3.04c; cablea, 2.06c.
New York Exchange on Montreal 10
per cent discount.
Time Loons Strong! unchanged.
Call Money strong; high, 9; low, ;
ruling rate, 8; closing bid, 9; offered at
9; last loan. 9.
natter and Fig In Omaha,
Xggs No. 1, 49o per dozen; No. 1. 420
per dosen: cracks. 37o per doen.
Butter 41o per pound.
.100 Men in the
HANSEN-CADILLAC
SERVICE DEPT.
are recognized and re
warded by Honor and
Cash Bonus System.
Have your Cadillac at
tended by efficient Cadil
lac men trained to ren
der the best service.
We do it right.
J. H. Hansen Cadillac Co.
Service Dept.
Guy A. Wheaton . Harry 1UM
S. J. Alexander
r
UPDIKE SERVICE
We Specialize in the Careful Handling of Orders for
Grain and Provisions
FOR ' '
FUTURE DELIVERY
IN
All Important Markets
.WE ARE 'MEMBERS OF.
Chicago Board of Trade St. Loui Merchant Exchang
Milwaukee Chamber of Commerco Kansas City Board of Trad
Minneapolis Chamber of Commerco Sioux City Board of Trado j
Omaha Grain Exchange
.WE
OPERATE OFFICES AT
CHICACO. ILL. GENEVA, NEB.
SIOUX CITY. IA.
W lUi Kit? D
sinuv riTV IA. DES MOINES. IA.
HASTINGS, NEB. HOLDREGE. NEB. MILWAUKEE, WIS.
ATLANTIC, IA. HAMBURG, IA.
All of the Office ar connected with each other br private wire.
We are operating large up-to-date terminal elevators in the ,
Omaha arid Milwaukee markets and are in position to handle ;
, your shipments in the best possible manner L e., Cleaning,
' Transferring, Storing, etc.
' It will pay you to get in touch with one of our offices
when wanting to BUY of SELL any kind of grain.
WE SOLICIT YOUR
Consignments of All Kinds of Grain
to, OMAHA, CHICAGO, MILWAUKEE and SIOUX CITY
Every Car Receives Careful Personal Attention
The Updike Grain Company
THE RELIABLE CONSIGNMENT HOUSE
r
Illinois Central Proudly Calls
Attention to Its Record
There is a good deal of talk among uninformed people to the ef
fect that the railroads have not been functioning for some time, and are
not functioning at the present time.
If this talk were to the effect that the railroads are facing the task
of attempting to move a greatly increased volume of traffic with an im
paired and insufficient plant, or that the railroads had nbt kept pace
with the growth of the country, it would do no harm, because it would
be true, but any statement to the effect that the railroads have not been
doing their utmost, and are not at the present time doing their utmost,
with the facilities with which they have to work, must not be permitted
to go unchallenged.
Perhaps the best answer which I can make to this unjust criticism
about the railroads not functioning is simply to give here a statement of
the gross ton miles of freight handled by the Illinois Central system, per
year, for the last ten years, and the number of passengers carried one
mile, per year, for the last ten years, which I do, as follows:
Gross Ton Miles of Freight
1910 ...21,297,062,271
1911 ...21,889,824,779
1912. .......21,531,250,666
1913 ..24,391,106,507
1914 24,366,570,056
1915. 24,893,278,841
1916. 27,704,768,863
1917 31,302,858,783
1918 ..34,227,609,231
,1919 28,740,018,000
l. 6 mo. 1920. . 17,568,332,000
Passengers Carried One Mile.
1910
1911
1912........
745,818,345
811,282,510
807,969,807
1913........ 815,812,320
1914.... 832,881,282
1915..
1916.
1917
1918........
1919
lit 6 mot. 1920. .
747,797,713
850,797,693
982,111,873
1,026,898,494
1,142,044,011
568,884,894
GROSS TON MILES OF FREIGHT FOR THE MONTH OF MAY, 1920,
WERE 3,253,664,000, THE LARGEST FOR ANY ONE MONTH
IN THE HISTORY OF THE COMPANY, AND
JUNE WAS A CLOSE SECOND.
The Illinois Central is but one railroad system out of many. I do
Vnot claim that its performances are any exception to the rule. No doubt
many railroad systems have done as well, and perhaps some have done
better than has the Illinois Central.
The Illinois Central personnel is anxious to serve the public even
better in the future, and very earnest efforts are being put forth in that
direction, but I hop6 our patrons fully appreciate that it will take time
to restore our equipment and enlarge our facilities. I promise them
that no time will be wasted.
Constructive criticism and suggestions are invited.
C. H. MARKHAM,
Preident, Illinois Central Railroad Company.
l'
