13
'Market and Financial News of the Day
THE BEE: OMAHA, THURSDAY, JANUARY 6, 1921.
'lir'lllllllllllllllll'tl'llltlllllllMI't' H'lUH.H.I m i' !,i,ii. .i ''! l!tlll'lttllilliiliitiitilli.l,ti,ilth Jiliinti irlia,
1 -tmsi i ft? fy a v fsfi? w Arcr ? tt cat csV'rt.' . v t'r-"
5 U)nMIIIIIIIII!iailllllllj ilMHfc, f
ft ' M '!
Omaha Grain
Omaha, Jan. 5.
Practically all the early trading to
day was in corn and oats, with wheat
neglected. Corn sold at a decline of
, lc to 3c, and generally lc to 2c off.
Oats were off Jc to 'lc, No. 3 white
Jc lower. Demand for wheat was
light. Offerings disposed of op to
a late hour went at a decline of 8c to
10c. Receipts of wheat and corn to
day were fairly substantial. Rye
prices were unchanged. The world's
visible supply of wheat decreased
3,082.000 bushels the last week; corn
increased 1.101.000 bushels and oats
increased ,652,000 bushels. Minne
apolis millers report a much better
flour business in evidence the last
clay or two. Milh there were fair
buyers. Sixty to 65 per cent of the
heat in the three northwest states
ha? left the farms, it is estimated,
and the balance of the crop will
come out slowly. Good demand for
cash wheat at St. Louis from outside
milling concerns was reported, with
scarcely enough good wheat to sun-
' i- J y it. Yesterday's export wheat
di inand was rather light and today's
inquiry was little or none.
WHEAT. ,
No. J hard: 1 cars. $1.71.
No. 3 hard: 1 cur, II. 6: 1 car, SI. 6.1
No. i hard: I cars. 11. IX
No. 6 hard: 1 car, .11.62; 1 car, (1.60;
-8 car, 11.63 (smuttyU.
Sample hard: 1 car, 11.61 (weevil)
car, 11.47 (live weevil).
No. 1 spring: 1 car, $1 M (northern).
ivo. b sprint;: 1 car. 11 60.
No. 1 mixed' cir. 11.62 (durum).
CORN.
No. t while . 1 car. $1.M.
No. S white' I cars. 6Hc: 1 car.
No. 4 white: 1 car, 57c. 1 car, 66 Sic;
a care, loo: 3 cars. 66c.
Sample white- 1 car. 63c (wheat mixed).
No. 3 yellow 1-car, 61c (special bill
. Ins): 1 cars. 60c.
No. i yellow- 1 car. 5So (special bill
ing); 2 cars, 57c; 10 cars, 6c.
No. 6 yellow 1 car. 66c; 3 cars, 83c,
No. 6 yellow: 2 cara, 63c
. No. 3 mixed: t cars. S9c
No. 4 mlxrd: 15 cara, 56c: 4 cara. 66c.
No. & mixed: 1 car, 63c.
No. 6 mlxfd 1 car. 62c.
OATS.
No. white: S cara, 41c; 2 cars, 44o
(ahlj'pers' wilpht).
No. J wii.te 1 cars, 43 c (shipper'
WWirnt): 8 cars, 43V.C
No. 4 white: 2 cars, 43t
Sample while 1 car, 43 c.
No. 4 mixed' 1 car, 43c.
KYB.
No. S: 1 car, $1.61. .
Sample: 1 car, l.4. X
BARLKT. ,
No. 1 feed: 1 car, 60c.
OMAHA RECEIPTS AND SHIPMENTS
(CARS).
Ttere nts Tiwtiv wir ir. a -
tWlt'Hh
Corn
Oati
Ityo
llnrlcy
Shipments
Wheat
Corn
Oats ..
Rye
S&rley
BroomhoM'a Weekly Review says: Stock
of win at and dour In United Kingdom
waieliousrs remain largo and. compared
with last year's stocks, show an lncreasr
of 6,000,0(0 to 7,000,000 bushels. Arrival
of wheat are mrdorately larger, although
the quantlttta on passage this week show.
ducreuHO of 1.000,000 bushels, with an
increase of like amount to the contl
- nental port.
The royal commission on wheat supplies
la offering only sparingly as English flour
millers are well supplied with wheat, tak
ing enly small lots of good quality brands
(or mixing purposes.
Think the continued delay of any selling
Of the new Pialte wheat crop will very
likely result In further purchases by con
tinental countries of North American
wheat because chief Importing countries'
takings since August 1 are rather below
frevtoii estimates In spite of the fact
hat theso have been very liberal and tak
ing Into consideration the monoy strin
gency throughout Europe.
Russia is still negotiating a trade ngree
. merit, but it is unlikely that this country
will ship any quantities of fond grains
from the last crop. Arrivals of foreign
wheat tloiir have Increased and the do
mestic output continue to exceed the de
mand. It Is consequently expected there
will be a further lowering of the official
price, which today la quoted at 81 per
BU'k of 280 pounds.
Chicago firm says: In analyzing the,
effect of the passing of the war finance '
bill over the veto of the president it ap
pears evident that congress has done little
to assist the farmer In financing his
crops, but have really taken a backward
step In the matter of deflation and recon
struction. Under the law the corporation
. has no power to loan money to farmer
or companies for the purpose of carrying
grain, cotton, wool or other farm prod
ucts and It activities must be confined
strictly to the loaning of money to ex
porters and hanks properly secured for tho
purpose of financing exports.
CHICAGO CLOSING PRICES
By trpdlke Grain Co.. Doug. 2627. Jan. 6
Financial
Chicago Grain
90 43 Si
79 22 40
26 ' 7 14
io n
1 3
91 66 49
63 IS -.4
17 11 19
I i 'i
By ALEXANDER DANA NOYES.
Chicago Tribune-Omaha lie Leased Win.
New York, Jan. 5. With another
clay of unchanged money rates, the
realy important incidents of today's
markets were the further decided ad
vance in government bonds and the
great strength of sterling exchange.
In the bond market, prices for the
Liberty loans again led the move
ment of the day with some very
striking gains. The iVi per cents
and the 4)i per cents of 1918 went
pratically a point above Tuesday;
advances over last week's closing
prices now range as high as 2j4
points. Even the Victory 4fcjs,
which have lately been much less
subject to t'epression than the oth
ers, sold at the hig'-en prices since
the f'rst week of October.
This movement hardly needs
coinmertt; it is entirely logical, be-
trer oart v reaction irein necessuious -.ivi
vear.ir.fi sal. or s,alM to "fix Business Light.
lnsse-f " but laro-elv also a COnse-! Exporters, were holding off and h""1"'"
"( I ;.,- l.;.f.. I was light. Milling demand I w P"fJ.
By CHARLES D. MICHAELS.
Chleago Tribune-Omaha Bre Leased Wire.
Chicago, Jan. 5. Depressing in
fluences were numerous and effec
tive in the grain markets today, the
net losses being 2J6JV4c on wheat,
lc on corn, Myt on oats, l&c
on rye and VAc on barley.
Argentine news was the main fac
tor and for the present and im
mediate future is expected to be
more attractive, as it usually v dur
ing January and February. Argen
tine wheat was said to be offered
to Germany at 15c to 20c under
American from the gulf. The British
commission was out of the market
and apparently is using its influence
through the Argentine situation, to
get lower prices.
It has asked for a definite state
ment regarding the export tax on
grain from that country and the buy
ing from there is regarded as large
ly dependent on the reply it re-
Call Finds Ranks
Here in Fine Shape fi
m
Total Deposits Exceed Total
Loans by 4 Millions, -Reflecting
Deflation.
Total deposits exceeded total loans
of Omaha banks by more than
$4,000,000 on December 29. Con
tinued deflation is reflected by this
fact, and although both deposit
and loan.s are several million less
lhan on December 31 of 1919, the
December 29 call found Omaha
banks in splendid condition, con
sidering the unusual market situa
tion. Deposits.
Dec. 91, MS Pee. 21 59
Omaha National ...I 29.244,944 f 19, ICS. MS
U. 8. National ... 21.263.d81 17.116,044
First National .... 19,63,S5J '4. 979,98
Stork Yards Nat.. 10,013,599 6,182,368
Merchants National 14.640.60S 9.641,997
Live Stock National 8,866,602 6,264,089
mi
i
ip
IK?
ill
if I
ill
it
ft! 1
quence ot genuine reinvestment,
coupled with some! clearing away
of last month's delusions about the
national revenue. What was almost
equally striking today, however, was
the active buying and half to three
quarter point advance in the num
ber of long-term bonds of Euro
pean governments.
Sterling Advances. ,
Sterling advanced no less than 9 tic t.i
the pound, making a total recovery of
lCKc from laHt week' lowest, and 8214C
fr"m the bottom figure of the season
(reached early in November) acd reach
ing the highest rate since the third week
cf August.
In i the main, today's noteworthy ad
vance, like all of the past month's re
covery, reflected progressive rtmoval of
actual money tension In our market
there are other contributing Influences
such as the fact that, since October. Eng
land has purchased only 660,090 bales nf
cur cotton, and at very low prices, as
against more than 1,000,000 bales, booghl
at prices twice as nigh. In he corre
sponding period a year before. What this
meant was shown plainly enough by the
decrease In our November surplus of ex
ports to England cf $29.0I0,000, a com
pared with Octobtr, and of 174.000,000,
as compared. -wlhk Novemher, 1919. Theo
Influences have een visibly at work for
many weeks. It is probahle that today's
unusually violent advance wa due to the
sudden discovery of the fact by belated
speculators or by International merchants
who had let their drafts accumulate and
oerstayed their market.
v Business Uncertain.
Business on the stock exchange r
Itpsed In a purposeless backward and
forward movement, reflecting little but
the restless activities of professional
speculators. Prices declined under such
auspices all the way from a fraction tJ
several points, after which thy recov
ered most or all or tne earty i.isscs. in
the end net declines and net advances
v tre about equal in number and few of
them imnortant. How far the reduction
cf dividends has been discounted In ad
vance, thereby toeing Its Influence el
present values, was shown by the lack of
itsponse to the cutting in two of the
quarterly rate on Mldvale Steel shares. I
The general marxet was stronger iiwr
the announcement than before and Mid
into Mtnek ItKalf closed only 114 lower.
Probably Wall street was relieved that I
the dividend had not oen entirety
ticnded; It had expected the worst. In this
os in other similar cases. No dt-unt there
will be further Instance to now tnn in?
Indiscriminate pessimism of last month
was overdrawn.
New York Quotations
an i Open. I High I Low, i Close. I Tes'y
fvnt. t
Mh. 1.7JH 1.73 l.8V4 14 1."
May 1.67H 1.6754 l.3tt 1-64 J.
Rye.
May 1.47 1.47 1.1SW 1.16 1
July 1.S8 1.18 1.11 1.33 l.Ss
Corn I
May .741 .74 .73 S .74tf .7S4
July .70! .76Vi .74 .76 .764
Pat I
May .491 .49 .484 .49 .49
July .43 .48 .474 48 .48
pork- -
Jan. ...v... 2S.S5
I.rd I L '
Jan. 115.75 n;.85 112 75 15.85 11.85
May 113.45 113.52 13.37 13.50 13.60,
ftlha III;
Jan. 111.40 111.45 111.32 11.45 11.43
May U2.1S 12.17 112.05 113.17 12.12 "
Minneapolis Grain.
Minneapolis. Minn., Jan. 5. Flour Un
changed to It'c lower. In carload lota,
family patents quoted at 910.00010.40
per bbl. In 9-lb. cotton sacks.
BHin 82fi.OO!27.0fl.
Wheat Receipts, 245 cars, compared
with 286 cars a ycRr ago. Cash No. 1
northern, 1.741.78; March, 11.56; May,
SI 63
Corn No. I yellow,. 3fi)8e.
Oats No. ? white. 42H43a
Barlty 6 17 5c.
RVeNo. 2. 1.521.631i.
, Flax No, 1. 11.981.99.
fit. Louis Grain.
St. trfmls, Jan. 6. Wheat March, 11.74
bid; May. 91684 asked.
Corn May, 7554c bid; July, 75C bid.
Oats May, 49 e asked.
Kaasa City Grain. ' '
Kansas City. Mo.. Jan. 5. Wheat
March. II.65T4. May. $1.601,.
Corn May. fiMM,c; July. 69c
Omaha Hay Market..
Receipts hav been very heavy, hut the
last few days country roads have been
so bad that very little had was loaded
this week. The market ba cleaned oft,
and prices are a little stronger on prairie
hay, while alfalfa remains steady. Oat
and wheat straw are hhrher.
Upland Prairie Hay No. 1. 114.000
15.00; No. 2. ill. 00012.50: No. 2. 17.000
f.00.
Midland Hay No. 1. 112.00 13.E0; No.
. $10.0011.00.
Lowland Hay No. 1. 110.00; No. I.
fg.0OQ9.O0: No. S. 16 0007.00.
Alfalfa Choice. I22.0024.00: No. 1.
fl9.00922.00: standard. 116.00918.00; No.
2, tl2.ol4.00: No. t. tll.ooai2.00.
Straw Oat. 112.000 11.00; wheat, f 11.00
12.00.
New York Prod nee.
New Tork Jan. . Butter Steady:
firsts. 44H5r.Hc
Eggs Uniettled; fresh gathered extra
firsts. 9c; firsts, 768c.
Cheese Sfs'y: unchanged.
Live Poultry Easier; chickens by ex
press, J1S6c; fowls, 31012c; eld
roosters, 21c
Drexsed Poultry Quiet; turkeys, young,
0eS6c
Chicago Produce.
Chicago, ' Jan. 6. Batter Higher;
creamery extras, 14 H; standards, 4r.
Kgg Lower; receipt. 2.045 case;
firsts. 6364c ordinary first. G6Ot0c;
at mark, rases Included. 6561e; re
frigerator firsts. 56057c; refrigerator ex
tras, 67H$6$o
Poultry Alive, higher; fowls, J!e;
springs, 27c; turkeys, 40c.
Kansas City Produce.
Kansas Clt. Mo.. Jan. (. Eggs lc
tlrlter; firs's, 56c; second. 47c.
Butter Creamery, 2o higher, 65c; pack,
lng. unchanged, 19c.
Poultry Unchanged.
' , Chlcag Potatoes.
-. - rali-ago Jan. 5 Potnttes lnartive re.
eclpts, 17 cars; sacked, 41.408 1.50 C1(
Furnished by Logan 4 Bryan, Peters
Trust building:
Tuesday
High. Low. Close, close.
A f . S P X3 Htti 83 88
Baltimore & Ohio 35Vi 25 35 U
Cenadalan Pacific 116
N. Y. & H. R. ... 72
Krle R. R li H
Ot. North., pfd .. 76 H
Chi. at. Western S
Illinois Central .. 89
Mo.. Kan. A Tex. ts
Kan. City Soith. ..19 H
'lssour Pac.flc ..20
N. Y. N. H. A H. 18
North. Pacific Ky. 82
14
75
116U 116 116
71 7114 72
17H 14
74H 75H
814 8
214' 2H
19 19H
19H
m,
82H
67 H
4114
82 8,3 H
26H 27
98 994
22Vs 2314
29 29
19H
18H
81
66H
40
81
261i
98
22
28
2
19
20
10
82
67
41
Chi. & N. W. ... 69
Ponn. R. R 4114
Reading Co. 82-
C. R. I. St P S7
South. Pacific Co. 99
Southern Railway 23
Chi.. Mil. & St. P. 2914
Union Pacific 119 11714 118 119
Wabash 8 1 814
STEELS. t
Am. Car. & Fdry. 121 120 121 121
Allls-Chalm. Mfg. 32 32 32 81
Am. Loco. Co 83 82 82
IT. All. Steel Corp. 22 31
Bald. Loco. Works 87 86
Keth. Steel Corp. 56 64
Colo. P. & I. Co. ..27 27 .
Crucible Steel Co. 80 76
Am. Steel Fdrlea. 30 30
I.arka. Steel Co. ..58 62
Mid. Steel & Ord. 38 31
Press. Steel C Co. 82 81
Rap. I. & 8. Co. 63 61
Rail. Steel Spring 83 82
Sloss-Scheff S. & I 61 50
U. S. Steel 81 81
COPPERJ.
Ana. Cop. Mln. ... 37 38
Am. S. R. Co. . 38
Butte & S. Min. Co 13
Chile Cop. Co. ....12
Chlno Cop. Co. ... 22
Calu. & Arizona 45
Inspira. Cons. Cop. 24
Kcnr.ecott Cop. ...20
Miami Cop. Co. .. 19
Ncv. Cona. C, Co, 11
Ray Cons. C. Co. 14
Utah Cop. Co. ... 64
INDUSTRIALS.,
Am. Beet Sug. ....45 44
A. u. w. i. b. o. 11
Am. Inter, orp. ..39
Am. Sum. T. Co. 76
Am. Cotton fill Co. 21
Am. Tel. & Tel 97
Am. Z , Id. & Smlt. 9
Brooklyn R. T
Bethlehem Motors. 2
Am. Can Co 27
Chandler M. C... 65
Cen. Leather Co... 38
Cuba Cane Sug. Co 22
Cay. Pack. Corp... 61
Cal. Pet. Corp 26
Corn Prod. Rfg. Co 66
nat, r.nam. a St.. bv
FIsK Rub. Co.
Ion. Electric Co
Oaato Wm & Wig 4 3
Oen .Motors Co.... 14 14
Goodrich Co 40 28
Am. H. & I,. Co... 10
Haskell ft Bkr. Car 68 57
J. S. Ind. Al Co... 65 64 65
inter. iNicice' 13 14 15
Inter. Paper Co.,. 4 43 44
311 at si
44
It
2
36
12
10
21
46
32
1
17
10
13
61
68
38
74
21
97
'2
26
65
37
21
611
25
f.6
St.. 60 9
.... 14 13
...121 120
42U
911
12 13
2 2
150 154
13 13
82
33 ,
86
66
27
76
30
64
33
8214
62
84
51
81
36
26
11
10
21
45
33
19 'i
17
11
12
51
4514
71
40
76
21
97
'k
27
6 5 1
39
22
61
28
66
60
14
121 121
1 3
14 14',s
29 40
9, 9
58 67
65
15
45
111,
43
94
13
32
87
66
27
79
30
53
31
81
2
83
61
i
37
37
13
12
22
45
33
20
18
11
14
14
44
70
39
76
21
74i
9
2
27
65
18
22'
60
26
66
49
13
Ajax Rub. Co....
Kelly-Spring Tire.
Keystone Tr R. .
Inter. Mer. Mar...
Maxwell Motor Co.
Mex. Petroleum.. .164
Mid. States Oil ... 13
Pure Oil 36 34
wmys-uver. i;o. e 14 s
Pierce Oil Corp, ..11 10
Pan-Aiff P. 4 T. 73 71
Pierce-Ar. Motor 21 20 21
Royal Dutch Co. 66 63 64
U. S. Rub. Co 64 63 4
Am. Sug. Rfg. Co. 91 89 91
Sin. Oil 4 Rfg. 23 22 23
Sears-Roe. Co. ... 95 93 95
Strom. Carb. Co. 33 32 33
Stude. Corp 46 46 46
Tob. Prod. Co. ... 55 (2 14
Trans-Con. Oil ... 8 7 7
Texas Co 48 43 43
17. 8. Food P. C 23 21 22
IT. S. 8. R. & M. 34 33 34
The White Mo. Co. 36 36 36
Wll. Co., Inc. ...41 41 41
West Airbrake ..94 94 94
West. El. & Mfg. 44 43 44
Amer. Wool. Co. 61 69 60
saien, ts,duu.
Money, close, 7; Tuesday close, T.
Marks, close. .0134; Tuesday. .0121.
3 55r"n' Cl"' 3-S0!4: Tues(W '.
New lork Money.
w X?rJfi Jan' 6. Prim Mercantile
Paper 7 8 per cent
Exchange Strong.
U"1 Demand. IJ.60; tables.
Franc Demand. 6.9Bc; cables. .9Te.
Belgian Franca Demand, .16c; cables,
f. 17c.
Guilders Demand, fl.ito: cables, JL78C.
Lire Demand, S.47c: cables, 1.49c.
Marks Demand, 1.3ip; cables. 1.3e.
Oreece Demand. 7.40c.
Montreal 14 per cent discount
Time Loans Easier; all dates, 7B7V4
per cent.
Call Money Steady; high, 7 per cant;
tow. 1 per cent; ruling rate, T per cent:
closing bid,- 6 per cent; offered at J Der
cent; last loan, 7 per cent.
156'4
12
3 16
6
10 . 10
73 73
21
6
4
91
29
96
33
46
54
8
22
33
36
41
43
61
the best reports coming from the mid
rye and exporters were reselling at the
Heautlv. buvlng from the outside
Kv. a light and while local aupport wnj
fair at time, proven muiuir
PCornr'had' a heavy undertone and at th?
Inside prices were off l4c from the pre
vious dav's finish. Business wis largely
local and the support came mainly irom
. . hM nt tha last. A rai
of o followed the break due to proflt
t.i,i. nd covering. Elevator Interests
bought low grade. Exporters took 68.000
bushels here and 100.000 bushel at th
gulf. Domestic trade was Blow, with
42 000 bushel taken. Cash urloe de
clined lc. with old off Sc. Consign
ment notWs were in fair supply and
nrrlval. 294 car. here with 60 i car. at
the five market, against 248 cara last
3war Oats Depressed, 1
Oats failed to"nttract more than th
upubI light attention and were depressed
nearly lc. Commission houses did tho
silling and buying was resting orders.
No. 2 white in the sample market was
firmer at 1M1Hc under May inilNii '
vhlte weaker at 23e under -Snles
100.000 bushel, and receipts. M ca n.
Exnort sale of rye were 40.000 buBhels
f all noelllona at former prlcra ea
fcoard house, were fa'W" """".l':
ers mo.tly local operators. Cash prices
were 12o over May for No. 2.
Barley was slow and easy.
Pit Notes.
The Price Current-Oraln Reporter re-
.1 1 .i..hai.n In the west esti
mated 601,000 for the week ending De
cember 31, as compared to 623,000 the
prevlou wek and 749.000 the same week
f Minneapolis wired: "Have talked with
many elevator people and country dealers
and the general opinion Is that between
60 and 65 per cent of the wheat in tho
three northwest state ha left the farms.
Grand Forks, N. t.. reports the advance
In the price of wheat brought out a lit
tle selling, but the majority of farmers
are Inclined to hold their wheat for 12.
If that mark is reacnea mere win
some for sale. Collections are reported
very light No farm loans nre belnu
e.v,.un a lynm York savs: "On
account of strength In sterling some nf
our exporters In the United Kingdom mat
buy some wheat and they also feel that
under tl.70 they would be tempted t
buy some futuees. In anticipation of for-
etgnera entering ino rnaraei. t-wu wul-.,
however, is almost a drug on the market
the last few Cays and If the other side
tart to buy now, they, could get it
easily."
In analyslzing the effect of the passage
of the war finance bill over the veto of
the president. It appears evident that con.
gress has dono little to assist the farmer
in financing his crops, but ha really
taken a backward step In the matter of
deflation and reconstruction. Under the
law the corporation ha no power to loan
money to farmers or companies for the
purpose of carrying grain, cotton, wool
or other farm products and It activities
must be confined strictly to the loaning
of money to exporter or banks properly
secured, for the purpose of financing ex
ports. ' New York Cotton.
New Tork, aJn. S. Cotton was strong
from the start. It opened up 33 to 45
points for the general list and 63 points
for Janttarv and after a reaction which
carried It down 15 to 20 point when the
National dinners' association published
its crop estimate of more than 13,000,000
hales, with ll 640,000 bales ginned to Jan
uary 1 It turned strong again and by clos
ing time had scored net gains of 88 to 95
points for tho active months.
The strength was due to better trade
report, to renewed strengh In the south
ern spot markets and to the bulge In the
foreign exchange market As for the
trade, it appears that the "white sales"
are beginning to make an Impression on
the situation by cutting stocks In the
hands of retailers, a development which
hi resulted In the placing of some new
orders with the manufacturers. Trade
advices today Indicated that trade orders
were qolrkenlr.g somewhat.
1
We Offer
MORTGAGE BONDS
Tex Free in Nebraska
3)100, $500, $1,000
Amivntt
jPRINCIPlEs
U I'tAUM TABLE
INVESTMENT.
rThl splendid bookU fitted rltn sound
on hilling security values, and (bows
yon how to distinguish between the
supitand the unsound how to draw
thsp Una between speculating and in
vesting, b show you hoar 40 systena.
auxe roar saving and your Investing
oa moarhlv bub), b Is substantially
printed and bound a book you will
want to heeppeCnUMhdv. It will be of
great value to tou, but we send it FREE.
ICRIEBEL Q CO.
jJ37jftJ-aSalbj St - Chicago 11
Attractive issues
offering attractive
yields dominate our
.January Purchase
Sheet
For first of the
year investment
this list should
prove of value.
, Will be mailed upon
request for OQ-360
TheNationalGty
Company
Oaaahs First ftat.ona: Bank Bldf .
itiepnona 8310 Douglas
.(L
State of Omaha
Nebraska National.,
Packers National..
Corn Exch. Nat...
B?rurlty State, ....
American State ..
So. Omaha Savings
Union State
F. and M.. Benson.
Hank of Benscn ..
Hank of Florence. .
Pioneer State
Com. of Florence..
Peters National . . .
4,491,686
3,908. 666
4,497,714
8.038.600
1,476,903
1,148,742- c
688,805
1,116,317
835,207
826.168
426,648
466,458
152,331
4.298.033
2,728.41$
3,292.869
2,7J3,;a
1.361,460
829.665
7.18,856
1,257,100
851.619
890.880
1446,207
1 474.627
120,510
661.466
Total 1127, 33234 106,701.981
Loans.
Dec. 31,19 Dec. 29, '20
Omaha National...! 24,651,397 919,910,183
u. B. National
First National . ...
Stock Yards Nat..
Merchants Nat. ...
Live Stock Nat....
State of Omaha...
Nebraska Naticnal.
Packers National..
Corn Kxch. Nat...
Security State ....
American State .,
So. Omaha 8avlngs
Union State
Kank of Benson ..
F. and M., Benscn.
Bank of" Florence..
Pioneer State
Com. of Florence..
Peters Netlonal ...
Totals.....
15,089,217
15,J0t),83Y
10.222,981
13.628,930
7,203,665
4,156,618
3.286.129
3,649,046
2.648,548
1,241,117 .
1,419,112
705,701
1,071,864
740.046
650,793
379,267
386.557
133,658
14,433,909
11,802,463
8,(36,613
ll,614,3rl
0,138.684
1.648,207
2,880,950
3,107,469
1,492,160
1,235,081
1,000,258
, 747,718
1.133.016
848,941
796,898
430,720
474,(27
91,964
482.717
.1107.670,931 191,609.664
1-lberty Bond Price.
Now York, Jan. 6. Price nf Liberty
bonds at noon w,-re: 2 Via, 93.40; tint 4a.
86.60 bid; second 4s, 86.10; first 4 Us,
86.30; second 4 Us. 86.14; third 4U.
90.00; fourth 4Us. 86.40; Victory Ifc.
96.60; Victory 4a. 96.50.
Bar Silver.
New York. Jan. 8. 'ar Silver Domes
lc. 99Hc; foreign, 68c.
aTMJtWSMAfI, I AAA tlSAAtMAl B
kiwi uiuud hVM Uwiaiiisv
By Retail Dealers Who Di Net
Us the
J. J. CAMERON CREDIT SERVICE
119 Thousand People in Omaha
Asking Credit
80 prompt pays 25 eknri j
15 unsatisfactory; 10 require
cash rating.
Don't Get Stung.
Cameron ha got tha whole tery
E and can save Every Retailer, Butt
iess and Professional man a great
deal of worry, time and money by
connecting up with his Credit Bu
reau, i
Small expense, quick service, re
liable report.
Do not wait call
THE J. J. CAMERON
CREDIT BUREAU
217-218 Leflant-i Doug. 7980.
We exchange credit service with 300
Bureaus in United States
Members of three National
Association.
17 Years in Business.
(
I f
I I
I I
M
m
f Af
!i
Price Tendencies in
The Building, Trade
By jZylt
In the January issue ofi
THE NATION ' BUS1-,'
NESS, George E. Roberts,
Vice-President, of the Na
tional City Bank, New
Vork, says that prices in
general will seek the level
of prices on agricultural!
products. 1 This is based on
the fact that the farm
produces about one-third
of the annual wealth produced
in the United ' States. Conse
quently the agricultural popu
lation holds the x balance of,
purchasing poer, and general
prices must therefore? be such
as to enable the farmer to
purchase commodities on the
Jiasis of fair exchange.
According to Dun's Index,
agricultural products were'
'Ar higher on Dec 1, 1920,
than on March 1, 1914, where
as other products were 92
higher. It is the consensus of
opinion that agricultural pro
ducts will advance over the
December 1st level. By the
first of next March, the index
Kon these products will, prob
ably be 35 to 40 higher
than cn March 1, 1914. -
If prices in general arrive
at the level of those on farm
products, there will be a reduc
tion of about 27 in the prices
of all commodities except farm
products. Arrival at the pre
dicted level of March 1st
means liquidation of present
inventories on the basis of re
placement costs. This process l
is aireaay taxing piace ana rne
theory ts therefore supported
by actual tacts.
It is probable that the stim
ulation of buying induced by
price reduction will mise the
price level for the whole year
of 192 above that predicted
for March 1st
In view of these facts, the
writer believes that the price
situation to be developed In
the next quarter will be a suf
ficient incentive for a great re
vival of construction work.
Now is therefore the time to
draw up plans for buildings to
be erected in the spring. Those
who have building Ideas should
sot them on paper at once.
Dodge at lbtn Omaha
C C. Shi mer, Pres. .
G. A. Rohrliungh, HeivTreas.
Yi, Boyd Jones, Manager
Construction Dept.
3 W
Ip.
9 lr -
in
Steady Progress of a
Nebraska Institution
Wt have just closed our nineteenth
year, the most successful in our history
-
The new insurance written during the year, in
the twenty;three states in which we operate,
reached the splendid total of $43,423,500, a gain
of 47.5 over the record of 1919.
Our home state, Nebraska, furnished us with
$5,263,000.00 of new insurance during the year,
$952,500.00 of which was written in the month of
December. This would seem to Indicate that life
insurance for protection only is rapidly growing in
popularity.
-
The mortality in our rmy of over fifty thousand
policyholders was less than half of the "expected"
mortality, according to the American Experience
Table .of Mortality, which indicates the care with
which our risks are selected.
Our assets, consisting of First Mortgage Farm
Loans, Government and Municipal Bonds, Cash in
Banks, and Accrued Interest, total $4,065,162.11,
having increased $656,083.48 during, the year.
Our surplus to policy-holders, above legal liabili
ties, increased pver $600,000.00 during the yean
-s
ANNUAL RATE FOR $1,000.00 INSURANCE:
Age 25...,. $12.73
30... 14.43
35 16.66
40...,. . . .... 19.56
Age 45. .. ...,.,..$23.76
50..
55..
59..
29.41
37.23
58.40
-
Policies are issued in amounts from $1,000.00 to
$50,000.00, at ages 16 to 59 inclusive, at rates
proportionally hhe same as those above, which are
guaranteed by the assets, as provided in the
policies.
0-
Our growing popularity is due to the fact that we
are the leader in all essential respects of those in
stitutions devoted exclusively to the cause of Pure
' Life Insurance Protection, the one feature of a
life insurance policy of real value, both to the in
sured and the beneficiary. '
-
-
OFFICERS
J, C. Bufmgton, President
Edward M. Martin, Vice President
J. W. ffughes, Secretary-Treasurer
Dr. A. C. Stokes, Medical Director
R. E. Langdon, Assistant Secretary
L. E. Gillespie, Asst. Secy. & Auditor
. A. Dr Hunter, Assistant Secretary
J. S. Helgren, Cashier
J no. W. Barth, Actuary ,
, F, A. Hicks, Mgr. Service DepL
-s
Guarantee Fund Lite Association
OMAHA, NEBRASKA
Organized 1901
v
Home Office-Brandeis Theater Building Phone Douglas 7100,
HIUt!llllllltt:IIIIHl!IUItttlli!tlllllllllitlIIIUI!;l!fl fi
"A
A f,4
it
'?
!-"
- V ?
'K
ei !
a S ?
V
t!l
m
ill
la I
Ip
Ir s
!!
ill
3fl
U 1
IP
M
1 ?! I
W
I il
li
f Jll
It.
m
mi
Ip
m
n
riiiisi!tiiriwiiNiniiii)ikiiiiitiwitiiiiiiiiiiiwiiA