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About Omaha daily bee. (Omaha [Neb.]) 187?-1922 | View Entire Issue (Jan. 10, 1921)
THE feEE: OMAHA. jVIONDAY, JANUARY 10, 192i. Market, Financial and Industrial News of. the Day Financial B ALEXANDER DANA NOtfES. I llienco Tribune-Omaha lire -Art WlK' rew York, Jan. y. wnen even the (Train and cotton markets as cribe their own- recovery, and with much apparent justice, to the ad vance in prices on the New York Stock Exchange, it will be evident that last week's fulfillment of the tradition of a. "January rise" on Wall Street ha art importance quite apart from thef relict which it has brought to holders of stocks and bonds. Something was accomplished bv the mere UDsettinp- pf the foolish notion, lately prevalent, that pll mar kets were hopelessly in fhe grip of malien human forces, which were Arbitrarily putting down prices and destroying credit. It was Bonvthing that the cautious investor who had postponed his pur chases because, by waiting he might be able to, but at very much lower prices, should begin to ask whether lie had not already waited too long. It was even more to the point that the rise in Liberty bonds to prices not touched since the fcarly autumn decline began, .should have disposed of the recent assertions about a $4 000,000,000 annual deficit in "public revenue and, a desperate condition of the treasury. Intcrcst'nu Complication. But Insofar the Stock Etchane-e I n nMlmtnr throueh Ita own rlao or lull In crlcea or condition, which, In rtue course, will prevail In R-enernl in tus' ry, the charm-tor of th mnrket In 'he firm wwk of th invf year had "till more In tctfKtln Imnllcatlonii. In thin regard we havo vet to nee how far the recovery in to tie maintained, to what extent It la actual ly a Untitle change of form or nier-ly reaction from tho Breatly oferdone de pression ot the JJeeembor financial mar kets. Thla much, however. Is already an as sured fact: Ihnt neither tha violent do cline on the Stwk nxr.ana-e last fprlhg. nor what seemed at the time to be the ulmlnatln bren'c in prlcea laat Novem ber, waa followed, ev.'n momentarily, by any auch recovery n laat week'.. Tt may be aafely aaid, In fact, that the advance, both In atocka and bonds, haa been greater aa a whole than In the corresponding weelc of any v,r lnoe 11I5, when Inveetor. got their first ral accf.ia to the mantei after the fall In money rate. o I per cent aa auMnst the per cent rata of the "war panic" period. Money Rate stationary. Hut thla verv coinpnriaon direct, atten Hon fo the .trlkhm fart that the advance In atoofca and bon.la, thus far In the New Year, has not been a ccnae.uenc- of StST-atoM afmOHt'exacViy at tho lev,. - .T njiiyihev nr the ml dale v November and Satnrdny'a bank .tatemenU the Interior, of reserve money back from the inieruir 01 rescr onpoalta dire Dili m ii'u ' - tl'r. re-entering , Vi o t Three explanation are tha a-overnment la even now -"" Ee money market a, a heavy abort term .which are at present unable to pay the r a.m. and that the federal reaerve la it aelf atm in a Position which requires It ?o keep a firm hand on th. money mar ket. - Omaha Gram Omaha, Jan. 8. Beat grades of wheat today ranged unchanged to lc higher. No 3 hard was off lc. Corn ranged unchanged to. cent "P. generally 'Steady Oats were about unchanged. Kye ami barley brought about' yesterday s pHces. Wheat receipts today were fairlv large and corn also substan ifal Sort sales .of wheat today IT:. Zrt.A 750.000 bushels to Italy. Scandinavia, Germariy and i ' - -orl tn ask offers Ot Virrrcc is . . 1 onrtnno Kctieta wheat for mm- January, said a Chicago wire. A good demand for cash wheat at high premium exists in the south west said a Kansas City message. India is expected to export about 1 000.000 busHels wheat the coming week, the bulk of which will go to the United Kintrdom. WHEAT.' I Vo 1 hard: 1-5 cars. 1.T: 8 cars, 'k7,- . ........ 1 II. TS: T ll.ia: 4 1-3 cars. I1.6S (smutty) r . i Bf 9 nan. Live Stock 4- Receipts were: Official Monday ... nrflrlal Tiiendn .. Official Wednesday Official Thursday.. Official Friday .... I'silmato Saturday.. Six days thla week Omaha, Jan. t, Cattla Mcra Sheep 1.113 i.H 4,,I4 I'm i.4i i,i;i 7.004 ' i.ihl t,69 4.0Z0 1.145 ,M7 1,020 1.060 6.161 - 150 e.ioo 100 !T,71 4M95 J1.1M 4S,i!&l J1.S7I 12.410 1.56 60.T1 41,737 75,964 44.841 Same days last week IS, 713 fr.im dnys 1 w'a a'o 13.KHS Same daya t w's a'o ,11,(23 .Santa days year ago 35.394 """TtWlTpts and disposition oV live stock at the Union stock Yarda, Omaha. Neb., for 24 hours ending at 3 o'clock p. ran Jan uary 8, 1920: HECEIPTS CARS Cattle.Hogs.8heep. Missouri raclflo I'nlon Pacific O. C. C, C, c, Chi A N. W east... & N. W west St. P., M. & O... It. A J.. east It. I. & P.. cast R. I. A P., west... Qt. W'eBt t 52 7 t 2 4 S3 Hops. ,. 8.13 .. 5 ..1,69 ..l.OKIi .. 16 ,.1.630 Total receipts DISPOSITION CARS. Morris & Co Swift & Co i , Cuduhy Packing Co Armour & Co Si'hwarU & Co J. W. Murphy Total '5 Cattle The cattle trade was the usual, nominal Saturday affair today, only six cars or about lSOhead being reported In and purt of them were direct and not on sale. Total recelpta for the week are 21,600, aa against 18,700 last week, and 15,400 a year ago. Beef steers are clos ing 2.r,tf80o lower than a week ago, the createat decline being on the best cattle. Top for the week was $10.60. Cows and heifers have been uneven and are gen erally 60c lower than last week. ,wlth 1'ght receipts and a fair demand stoekers and feeders sre selling fully 60o hlgtu-r than a week ago. Top this week was IK.60 which la the highest price paid in more than two weeks. ' Quotations on cattle: Good to choice beeves. f9.609 10.26 ; fair to good beeves, 7.7RiSi8.26; common to fair beeves. 16.76 7.75: good to choice 'yearlings, 19.26 10.00; fair to good yeearltngs. I7.75M0; common to fair yearunita. tv.uvaj .v choice to prime heifers. $7.258.00; good to choice nelfers. iu.i"i.u; cnuice in prime cows, 7.007.60; good to choice cows ,6.00'3I.76: fair to good cows. 25.00 (fiS.OO: commoi to fair cows, sa.ifoeju. to; good to clinics feedera, 28.009.0X; fair to pood feedera, 7.268.00; common to fair feeders, I6.00JJ7.00; good to choice stock- era. 87.60 8.60. fair to goou siocKers, o io Q7.60: common to fair stooKerH, 6.uw b.bv; stock neirers, .zo(n".o; uwa, 4.005.26; veal calves, 19 00910.60: bulk. 10.S0; bulls, stags, etc.. $4.B7.60. MOgS Tne WeCK IS Closing WJin l.ir Saturday run of. hogs, about 6.600 head and prices acored a further advance with demand from all ouartera strong and ac tive. Most ef the supply sold at prices about 10c higher with' individual sales anywhere from a nickel to 15c higher Shippers bought rather freely and prac tically everything sold In good season. Bulk of the run moved at a spreaa oi 9.20t?i.45. and beat butcher weight hogs tonped at $9.66. Trnd to values during the week haa been Quite a little higher and. present prices row a nei aa- vanco or 45JJ60C over a weeK ago, oaaea upon average trade. Light hogs are clos ing about 36o higher, while good heavies nd mixed packing snow a gain ot dm up 60c Sheep and Lambs Only two or three leads of ewes were received today and while the supply was too small to make market prices paid were aoout duo h'gher. Good ewes brought $5.00, as compared with a $4.60 top yesterday. Sheep and lamb receipts this week have been of moderate else and quite a little Improvement has occurred In prices for fal Rrades. Choice lsmbs are cloalmr around $11.60 with choice yearlings up to $&.00. and strtetly good to choice ewea at 8i.on. These prices Indicate an advance of about $1.00 on fat lambs and a 60075c on sheep and yearlings. Not many feed ers have been coming but the fair de mand exists for desirable leeaing tamos and prices are perhaps a little higher than at last week'a close. Good feeding lambs are Quotable up to tv.lixaiu.uv with good ewea around $3.006' 3.60. Quotations on aneep: esi rai inmni. 11.60; medium to good lambs, 11.26: plain and heavy latnba. $9 u 10.60; yearlings. $7.7609.00; wethers. ir.ooc.60,r gooa to cnaice ewes, ii.too is.ou; fair to good and ranner ewes. lambs, $8.75010.00; 3.60. , ewes, $3.7504.50; cull $1.5032.60: feeding feeding ewes, $2,76 0 Omaha Produce fur- 10c. Fruit and 'Vegetable quotations nlshed by Ulllnsky Fruit company: Fruits Bananas: Per pound. Oranges: Sunklst, all slsea. $6.& Flr Oaks brand, all alsea. $4.60. LHnont:: 270-300 Sunklst. $6.00; 270-300 choice, 16.(0. Grape fruit: 86, $4.50; 48. 14 15: 64, $5.00; 64-70-80, $5.60. Apples. The Delclous (T) brand, all sizes, $6.00: black twigs, ettra fancy, $3.25, Flack Twigs,i fanoy. $3.00; Arkansas Marks, extra fancy, $4.00; Arkansas Macks, fancy. $3.60; Arkansas Blacks, choice, $3.00; Red W. Pearmalns. extra fancy, $3.60: Red W. Pearmalns. fancy, $3.26; York Imperials, extra fancy. $;i.00; York Imperials, fancy. $3.76: York Im perials, ehoice, $2.60; Yellow N. Pippins, extra fancy, $3.28: choice Jonathan. $3.00; Jumble Jonathans. $3.00: Red W. Pearmaln. O. R.. $2 60; W. W. Pearmaln, $2.69! York Imperlale. O. R.. $2.60; Mann, O R.. $2.6: Gllplns. O. R., $2.60: St. Wine Saps, fancy, $3,00; St. Wlna Saps, choice. $2.75. Vegetables Onions: Spanish per crt. Red Globe per lb.. .02 "4. Pota- t,J..- Idaho Whites Der lb.. .02: R. R. Ohloa per lb.. .02 V4. Beets, Carrota, 0214. Parsnips: Bageon, ,02U. White Turnips, .43; Green Vegetables: Head Lettuce per crt.. 84 u; Head Lettuce per doz., $1.76: Cauliflower per crt., $2.25: Celery Rough per crt., $7.00; Celery Ex. Jumbo per cos.. 11. 7&: celery, ap. jum bo ner dos.. $1.60; Celery Jumbo per-dos.. $1.26: Celery Med. per dot.. $1.00: Shal- lotts per dox., $1 26: Radishes per dos. $1.25: Leaf Lettuc per, dox., .90; Parsley per dos.-. .85; urren peppers per lb., .40. Sweet potatoes, per hamper, $2.50. cab bage: Per yound. 2V4o. MIkcj HoneVt 24 frames nr crt.. 87 OQ. Tate: 30 nkg. Drom. per crt.. $6.76; Chcckera, Chums, Cracker Jackr 100 to ca. Prize. $7.00; 6ft to cs. Prize, $3.60; 100 to cs. No Prize. $6 76: 60 to cs. No Prize, $140. Nuts: No. 1 bl. Ila. Eng. Wal., 27: Jumbo Raw Peanuts, .16: Jumbo Roast Peanuta. .18: No. 1 Raw Nuta. .10: No. 1 Roast Nuts. .12 VI: Coconuts per sk.. 01 !o'l$ sop "us J3d smuojo :Q0'4s Can Pnlted Peanuts. $2.75. Wholesale prices of beef cuts are as fol- I . xin 4 wi agn, xta -Ik. H.. No. 2 loins. S'c; No. 8 loins. 21c; No. 3 rounds. Jlc: No. 1 rounds. 17Vic; No. 2 chucks, 15c; No. 3 chucks, 10c; No. ,2 plates, lOftc; No. t plates, 7 He ' . ' Chicago Livestock Chicago. Jan. 8 Cattle Receipts. 1,000. Compared with week ago: Beef steers above 1050 around steady; o'hers 20 to 25 cents higher; butcher cows, heif ers and bologna bulls, 2f to 60 cents lower; canners, 26 cents lower; light veal calves, 26 to 60 cents lower, other calves unevenly steady to higher; stoekers and some grades feeder steers, 25 to 60 cents higher; cheap light atockers advanced moft. Hogs Receipts, 8,000; active, 26 cents higher than yesterday's aversge; butcher un most; top, $10.16 for 160 to 170-pound offerings, bulk, $9.609.96; pigs, 15 to 25 cents higher; bulk desirable 90 to 130 pound pigs. $10.00$) 10. 16. Sheep Receipts, 8,000. Compared with week ago: Fat lambs and yearling. $1.00 01.50 higher; mature sheep, 75c to $1 higher; feeder Iambs, 26950 cents higher. Kama City Livestock Kansas City, Mo.T Jan. 8 Cattle Re ceipts. 176. For week: Better grade beef steers, steady; others mostly 60 cents higher; she stock and cuttes, 25 to 75 cents higher; canners, steady; bulla mostly 60 cents higher; feeders, strong to 25 cents higher; stoekers mostly 60 cents higher; calves. SO cents to $1 higher. Hogs Receipts, 800; market active; mostly 10 cents higher than yesterday's average; good and rholce light, medium and heavies, $9.60l 9.60: top, $9.60. Sheep No receipts. For week: Sheep mostly 25 cents higher; lambs and yearl ings, steady, - Chicago Grain New York Dry Goods. New York, Jan. 8. rUray cotton goods markets were-firmer today, with broad ening activity. Yarns were steady, New prices were made on overall donims on a basis of 17 cents for $2.20 Indigo. The last price was 25 cents. Burlaps wer By CHARLES D.JMICHAELS: Chicago Tribune-Omaha IVe Leased Wire. Chicago, Jan. 8. Aside from the export buying in wheats and rye. which aggregated over 1.000.000. bushels of wheat and 250.000 bushels of rye and the removal of hedges against the sales, the grain markets were not especially interesting to day. . I he sual week-end evening up was on and the range of rice6 the narrowest of the week. At the close wheat showed gains of-" 2 to 2;c, corn c to ?4c, oats were un changed, rye ?gc higher and barley fic higher. ' In provisions, pork lost Sc. lard 7c to 15c and short ribs finished thesame as Friday'. Wheat prices finished the week with gains of 3J-4 c to 4?4c corn He to He higher, oats He higher on May and Jsc lower on July. Kye 5VC higher and barley lljc higher. Pork was up 80c. lard 50c to 55c. and ribs 70c to 72c higher than a week ago, Foreigners Taking Wheat. That Germany, Italy and other foreign countries can get more for their money in tho way of credit In the irnlted States than In Argentina and Australia Is Indi cated by their buying of wheat here. They are able to give better credit and with lower freight rates, are taking wheat while In Argentina the export tax a against large purchases. Local and outside mills were after cash wheat at Chicago and took 75,000 bushels. No. 2 red sold at 83c over March, gaining 3o on the future, while No. 1 hard winter visa 16c overbid, an advance of lc. Re ceipts. 11 cars. Outside markets wera firme-. with Bt. Louis and Omaha un changed to lc higher Premiums at Min neapolis were unchanged. Corn trade was not heavy yet suffi cient buying developed on the weak spots to absorb the offerings from profit-takers and hedgers and hold values with in a range of less than In. Elevator Interests bought the car lots and sold May and country selling of May was larg er. One . house bought 200,000 bushels cti.ah corn In all positions which waa hed-ed. Arrivals were the largest thta week at this time In five years or more. Export sales In all positions, 125,000 bushols. Arrivals here,. 200 cars. Oats were neglected and held wlthffc s range with the flrHah the same as the previous day. Arrivals were 6 cars and are near the average for this season. Ship Ting sales 100,00 bushels and cash prlcea unchanged. Rye Is scarce and practically all the visible supply has been sold for export. The seaboard holda two-thirds of the 5, 238,000 bushels visible of the country. J5x- rort sales were 250,000 bushels and would have been larger, it waa said, had tha grain been available. ' . I'it Note. sentiment In wheat Is favorable to the constructive side of 4he market so long as the foreign buying continues and the wheat disappears from first hands to ex porters. This Is the belief of most of the trade. In th coarse grains, the feel ing is rather bearish. The movement of corn is he largest at this time In re cent years and ntocks are accumulating. Fremlumd on cash wheat at the gulf today were about the same as recently. Z7c over Chicago, March for January ship ment. February 2So over with last half 25c over, March 24 He over. Jesse H. Ridge, treasurer of Bartlett, Frazler company, has sold his Interest and will devote his time largely to out side affairs. A bearish view of the corn situation Is taken by E. W. Dennis ot Thompson & MxKlnnon. He says that the producer has three bushels .t corn this year , where usually he had two. and the selling of that third bushel, the result of the big crop and a saving In feeding by the re markable season. Is the great potential. selling factor that will eventually make lower prices. There will be no anti-future legislation by congress this session, accrdlng to J. Ralph Plckell, editor of the Rossnbaum funotlon under tha present administration and the possibilities of an emergency tariff law, even If It passes both houses. Is very remote. It Is futile to expect any legislation from the present expiring con gress which will help grain prices. It is expected that the Argentine go ernment will hand down a decision on- the super export tax situation Monday. CHICAGO CLOSING PRICES By Vpdlke Grain Co.. Doug. 263T. Jan. I. An i open. I high ' Low Close. I Tes'y . Mar. 1.73 I 1.741 1.71 1.74 11.72 May 1.65!f 1.67 Vil 1.641s 1.65 Kye. . May r 148 1.48K 1 1.49a July 1.31 I 1.31 1.31 1,81 1.31V, Corn. May .74, .75H .74K .744 74H July .766, .76 .76 .75 .76H ala - May .48 .48 .48 .48 .43 July .47 .48 .47 .48 48 Pork Jan. 24.20 124.80 124.80 24.30 24.30 May 24.25 24.$0 124.25 24.26 24.20 l.ard 'l I Jan. 13.30 113.30 113.12 113 15 13.10 May 14.02 04.02 113.80 13.80 13.80 Ulhs r- Jan. 11.92 11.92 111.92 111.92 11.77 May 12.65 lU.80 l2.66 12.67 12.47 Kansas City Grain. Kansas City, Mo., Jan. 8. Wheat March, $1.68 ; May. $1.63 01.62. Corn May, 6,tf66c; July, 666 69c. Oiqalw Hay Market. Receipts have been very heavy, but the last few daya country roads have been so bad that very little had was loaded this week. The market has cleaned oft, and prices are a little stronger on prairie hay, while ulfalfa remains steady. Oat and wheat at raw are higher. I'pland Prairie Hay No. 1. $14 00$$ lfi.oOl No. 2. $11.001111.50; No. I, $7,000 8.0Q. 7 Midland Hay No. 1. $15.00913.60; No. I $1ft.0ffll.00. Lowland Hay No. I. $10.00; No. 2. $4.oo.oe: No. $. $.oo7oo ... Alfalfa Choice. t22.oi(f? 24 00; No. 1. $l.no22.00: standard. $16 iiojris.liii; No. 2. $13.00014.00: No 3. tl t.i04jt 13.00. Straw Oat. $12.00dH3.0; wheat. $11.00 OlS.no. - ' Minneapolis 'Minneapolis, Jan. changed. , Bran $26.0027.00. Wheat Recelpta 248 cars, with 193 cars a year ago. Cash No. V Northern. $1.77 Marcn, j.s; May, si Corn No. 3 yelow, 64 66c. Oat No. 3 white, 43 U 43c. Parley 50 51c. Rye No. ' 2. f1.SSei.lt. Flax No. 2. 12.0002.01. Grain 8. Flour VVV campared 1.828;; Liberty Bond Prices, New Tork, Jan. 8. Liberty bondi closed: fs. 42.44: first -4s. 87.00 Aid: .sec end 4s, 86.0;, first 4s. 87.40; second 4 V s, 87.16: third 4s. 90.60: fourth i 87.50;, .Victory 3a, 97.00; Victory 4s, Vti.SB. - Charter No. 11,829 . Reserve District No. 10 REPORT OF THE CONDITION ,OF PETERS NATIONAL BANK AT OMAHA, IN THE STATE OF NEBRASKA. AT THE CLOSE OP BUSINESS ON DECEMBER 29, 1920. RESOURCES. Loans and discounts, including rediscounts Customers' liability account of "Aeceptancea" executed by this and by other banks for account of this bank, and now outstanding Securities, other than U. S. bonds (not .Including stocks), owned and unpledged , Stock of Federal Reserve Bank (50 per cent subscription) Furniture and fixtures ; , fc Ifcwful reserve with Federal Reserve Bank Items with Federal Reserve Bank in process of collection (not available reserve a Cash in vault and net amounts due from national banks Net amounts due from banks, bankers, and trust companies in the United aiaies , , Checks on other banks in the' same city or town as reporting bank Cheek on banks located outside of city or town of reporting bank and other cash items Interest earned but not collected approximate on Notes and Bills Re ceivable hot past due Expense of organization and initial supplies......,., ' '.'."'' ....$182,717.71 bank 60.000.00 68,005.00 7,500.00 25,000.00 02,814.13 8.804.84 192.281.71 44,665.97 13,806.15 602.45 ' 90J.83 10,637.34 Total $965,736.63 firmer and hieher and knit goods showed I Review, who has returned from Washing- more life, i ton. The war finance corporation will not ' - - LIABILITIES. Capital stock paid in , , surplus fund , Interest and discount collected or credited in advance of maturity and not earned (approximate) .1.. ' Net amounts due to banks, bankers, and trust companies in the United States and foreign countries Certified checks outstanding Individual deposita subject to check..,......."...'. Other demand deposits ., , Certificate of Deposit (other than for money borrowed) . Other time deposits "Acceptances'' executed by this bank for customers,.. j $200,000.00 -50,000.00 4,270.54 72,826.89 708.01 660,189.39 88.50 19,375.98 7,282.88 60.000.00 New York Co I ton. New York, Jan. At the opening of he New York cotton market the under' tone was steady, follwlng Governor Hard' ing s optltnlatio specrh last night and an Improvement reported In clothing and cotton textile circles. ' First prlcea wore from 4 to 10 points higher. With the market at Nw Orlrana cloaed, consider able hedge fulling agalnat yesterday's lib eral transactions developed, however, and tha Hat aoon worked off about 10 points, under opening levels, Tha New Orleans Cotton Exchange re mained closed today, the anniversary of tho battle of New Orleans. Karly sellers for a reaction covered aa prlcea worked hlghei, while a steady broadening of commission houae demands was reflected In the Increasing activity of bunlnraa. with prices making new high ground for the movement. March aobt up to 16 660 and May to 16.63c, or 45 points net higher, and the market closed very steady at a net advance of 27 to 40 pOllllH. New ' York General. Now York, Jan. 8. Wheat Spot, mar ket firm; No. 2 red and No. 2 hard. $2.02 c. I. fv track New Yerk January ahlpment; No. 2 mixed durum, $1.89 c. I. f. to arrive. CornSpot, market steady; No. t yel low, 94c, and No. 2 mixed, 93 c, c. 1. I. New York 10. day ahlpment. Oats Spot, market dvlll; No. 1 white eie. Lard Market easy; mlddlewest, 113.15 e 1.1.75. Other articles unchanged. Turpentine and Kwsln. Huvannah. On., Jan. 6. Turntlne- Qmot; t$c; no altver receipts, 14 lible.j shipment, 31i: afook, 16.0.16 bltln. Rosin Quiet :,' no 1 snlin: receipt: 109 ranks; shipments, 101 casks; stark, ttl.ulil csska. , v Quote It, P, K, K. a, II, 1. K. M, N. WU, WW, $1M0. Loadon Moan London, Jau, s.-v-Har, allver 4i: per ounce. ' Money and Discount Unchanged, FARM MORTGAGES: 61 and 7 Local Tax Exemption United States Trust Go: -1612 Farnam Street GRAIN- VI7E solicit your cohsinrperits of all kinds ofNgrain to the Omaha, Chicago, Mil vvaukee, Kan sas City and Sioiix City markets. We Offer You the Services J N of Our Offices Located at Omaha, Nebraska Lincoln, Nebraska Hasting, Nebraska Chicago, Illinois . Sioux City, Iowa Holdrege, Nebraska Total $965,736.6 J State of Nebraska. Countv of Domrlas. ss: I. E. L. Lindquist, cashier of the above named bank, do solemnly swear that above statement Is true to the best of my knowledge and belief. E. L. LINDQUIST. Cashier. Correct Attest : ' , J. R. CAIN, Jr. M. D. CAMERON. x I W. S. WESTON, Directors. Subscribed and sworn to before me this 6th day of January, 1921. r , EVANS Z. HOMBURGEE', Notary Public. the (SEAL) Geneva, Nebraska Des Moines, Iowa Milwaukee, Wis. Hamburg, Iowa Kansas City, Missouri , y . -:. Get in touch mw one of these branch offices, with youi next grain shipment ' - V . The Updike Grain Company "The RctiaBle Consignment House' m iiiiiiiiiiiiiiiiiy'iiiir e lee t 'ltoipxtvure Section cut bEpiiairuu , riMsdivim JEov voot f-S 3 cars, cars. car, car. $l.8: $1.60. fi.61: (heatlns .miittvl. 1 caV. $167:-Sri. tl.4 (smutty); 1 car, $1.6! (smutty). t. No. 4 hard: 1 cars. tl.M: - ', (smutty): 1 car. $1,2 (amutty): J car. t ci amnttvl: 1 car, iiii .r. it fit (verv smutty); 1 u K hard: 1 car. $1.63 ; 1 2 cars. $1.61. Bamnle hard! 1 car, fl.66 ?ViWeM.ltU(M No. S eprlne: 1 csr. $1 S (dark north ern): 1 car, $1.8 (northern). Sample anrlnn: 1 3-6 tl.SO. No. 1 mled: 1-5 car. tl.8 (durum). i-5 car $1.67 .(durum, emiitty.) No. 3 mixed: 2 cars. $1.86 (durum). No, 4 mixed: 1 car, $1.66 (durum). ' CORN. No. J white: s cars, one. .,... No! 4 white: 1 car. $8c; 6 cars. 87c; 4 No's yellow: t car. 61c (special billing); Na4 yellow: S cars, tsc; I care. 67Hc; T cars. 67e: t cars. 66c; t cars, 6c No. 6 yellow: 1 car. S&c. No. S mixed: S cars. Sc. No. 4 mixed: 3 cars, 59c. No. 4 mixed: 1 car. 57c (Special billing); 4 ears, 67e: 1 esr, 66Hc. No. S mixed: 1 car. 68c (wheat mixed): 1 car, 16c; 1 car, B5cspeclal billing). OAT9. No. t white: 2 cars. 44c. No. 8 white: 2 cars. 44c (shippers' weights). t RYE. No. J: i csr, ft.50. No. $: 1-6 car, $1.61. BARLEY. . No. 1 feed: 1 car. 68c Relected: 1 rar. 67c OMAHA RECEIPTS AND (CARS) f t cars, 44c SHIPMENTS Tear Ago. 41 Tear A so. 682.M0 ; 801,000 f 774,000 616.000 400,000 600.000 Receipts Today. 'Wheat ..... ...U7 Corn- 77.. Oata ,.... 50 Rye y J Barley 1 Shipments-. TV heat $ Corn 13 Oata 76 Rye ., 7 Barley 4 FRIMART RECEIPTS AND SHIPMENTS (BUS.) Receipts Today. Wheat 1.195,008 Corn 1.1 30.000 Onts 676.000 Shipments ' Wheat 673.006 Corn .............. 600.000. Oata SO4.H0O EXPORT CLEARANCES. Wheat 564.000 Corn 80.000 CHICAGO CAR LOT RECEIPTS. Tear t ' Today. ' x , Ago. Wheat 14 so Corn 190 1S8 Qat $7 103 r KANSAS CITT CAR LOT RECEIPTS. Wheat .146 .. 118 Corn 66 ,28 Oata i. ...... 1 ;:j ST. LOUIS CAR LOT RECEIPTS. ' Wheat 176 14 Corn .10 v 84 Oats 2 o NORTHWESTERN CAR LOT RECEIPTS OF" WHEAT. s Today. Tear Ago. Minneapolis 148 193 DuHith ft 7 286.000 Total , 19 Winnipeg ....665 200 191 New York Soger. New 'Tork, Jan. I. There was no enange in tne local raw sugar marKet today, but there were further sales re ported of new crop Cubes to refiners and opera ton. for prompt and January ahlp ment. The business Included 18.004 bags to aa operator and 7,800 to a refiner at 4H cents for Cubaa cost and freight, equal to $6.5lo for centrifugal. The market fpr was uncnanged at $7,760 to 7.0o tor fine granulated. Bar Sliver NeJt , ?mkj B" silver Domes tic llttfi! filK'i k ttt.it M The Undersigned Firms and Institutions Vffer for Subset iption ( $30,000,000 , Northwestern Bell Telephone Company First Mortgage Twenty-Year 7 Bonds Series "A" DUE FEBRUARY 1, 1941. The president of the company, W. B. T, Belt, Esq., has given us the fillowing information about the company's business, which information may beobtained in greater detail upon request. $3,738,obo, and for jjie last five years aver- fHE-orthwestern Bell Telephone Com pany, is a subsidiary of the American Telephone and Telegraph Company, which owns all of its outstanding $42,150,000 stock. The company constitutes the Bell Systsm . Operating Compcny in the siates of Iowa, Nebraska, Minnesota, South Da kota and North Dakota. aged $3,661,000 annually with recent in creases in rates, which have been granted, effective as of December 1, 1920, and others which are pending, the net in come available for interest payments, ac cording to the company's expectations, will be not less than $5,500,000 per annum. fHESE ponds will, after July 1, 1921, constitute the company's only "funded delft and are to be secured by a first lien on all the telephone plant of the company with the exception of that in North Da kota and as to property in that state, any future mortgage debt created must' be subordinated to this issue. The bonds represent only about 40 of tho-nort-gaged property's book value of $73,000,000, s which is less than its appraised value. AS against the interest requirements of $2,100,000, annually for tllis issue, the company's available net earnings for 1920 , (one month estimated) amounted to ' Subject to issue and to the approval by our counsel of the corporate proceedings, the above bonds are offered fof subscription at 96?i and accrued interest, yielding over 7.30: Discount wilLbe allowed at the rate of 7 per "annum on the face. amount of the bonds from the date of payment to February 1, 1921, when interest will begin . to accrue on the bonds. . ,N Subscription books are now open at the office of J. P. Morgan and Coirpany, and subscriptions are being received, subject to allotment, for payment about Janu ary 19, 1921. The right is reserved to reject any applications, and to award smaller amounts, than are apj lied for. . Temporary bonds or trust receipts of J. P. Morgan and Company will be de livered pending the receipt of the definitive bonds. THE mortgage securing the bonds pro vides for a sinking fund of $300,000 per annum, which will be used to buy series' "A" bonds in the market,, provided they are purchasable at or below par and inter act, and otherwise to be invested in addi tional property, subject to . the mortgage, against which no bnds may be issued un der this mortgage. J HIS" issue may be redeemed as an en tirety at the option of the company at 107V2.and accrued interest on any inter est date. Interest wilLbe payable on Feb ruary 1 and August ! in New York. J. P. Morgan & Co. First National Bank New York Bankers Trust Co. New York Harris Trust & Savings Bank Chicago '. j : Dated January io, igai - Kuhn, Loeb & Co. IGddeiV Peabody & Co. , National City Co. New York Guaranty Co. of New ork ( Lee, Higginson & Co. r Guaranty Trust Company of New York NEW YORK LIVERPOOL LONDON HAVRE ,1 PARIS BRUSSELS CONSTANTINOPLE V. ;c".' Condensed Statement, December 31, 1920 a. RESOURCES Cash on Hand, in Federal Reserve Bank - - and Due from Banks and Bankers $217,780,215.72 U. S. Government Bonds and Certificates 36,909,72837 Public Securities 44,227,524.52 Other Securities 37,275,670.61 Loans and Bill Purchased 501 ,582,486.50 Real Estato Bonds and Mortgages.... 2,804,110.00 Foreign Exchange . 5,244,047.77 Credit Granted on Acceptances 57,901,984.08 Real Estate s8,435,705.67 Accrued Interest and Accounts Receivable ........ 11 ,50 1 ,864.88 $923,663,33812 L LIABILITIES ' Capital $25,000,000.00 Surplus Fund 25,000,000.00 Undivided Profits 12,075,07237 $62075,07237 .966,400.50 20,379,570.92 19,435,800.00 44,867,543.08 Outstanding Dividend Checks Accrued Interest Payable and Reserves for . Taxes and Expenses, and Other Liabilities. . . , Notes, Bills, and Acceptances Rediscounted with Federal Reserve Bank 74328,844.23 Notes Secured by Liberty Bonds Rediscounted , with Federal' Reserve Bank. ' Acceptances New York Office J Foreign Offices 13,034,441.00 Outstanding Treasurer's Checks 51,221,978.47 DeposiU 637353,687.55 ' $923,663,338.12- esssaasasesBassssa "c" - - . , UNDIVIDED PROFITS ACCOUNT i CREDIT? ? Credit Balance January 1,1920 $639,889.57 Miscellaneous Credits During Year. 155,624.66 Profits for Year, after deducting all expenses and - 7 -taxes, including high cost of living allowance to x employees, the charge-off s in connection with Real Estate and bad and doubtful debts, both v 7 domestic and foreign , 12,355,950.50 Total Credits 1751,464.73 , DEDUCTIONS X Dividends Paid During Year at Rate of 203 per ' annum $5,000,000.00 Appropriated for distribution to -7-' v officers and employees on Ad ditional Compensation Plan. . . 1,676,3923 6 6,66,392.36 Credit Balance December 31. 1920 $12,075,072.37