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About Omaha daily bee. (Omaha [Neb.]) 187?-1922 | View Entire Issue (Jan. 12, 1921)
1 , . . v.; , , . THE BEE: OMAHA, WEDNESDAY, x JANUARY 12, 1921. - . H . . Three Promoted v To Responsible Bank Positions Men, Who Began Career as Boys Carrying Mail, Named Officials at Stockholders Meetings Held Here. Three men, who started their bank ing career as boys carrying the mail, were promoted to responsible posi tions at the annual meeting of shareholders and directors held yes terday. ,E, F. Jepson, who went to work for Jhe First National bank 18 years ago. carrying the mail sack, was made assistant cashier! V. Dale Clark, who started in the same way, . was made vice president of the Omaha National bank at the age of 28, and Otis T. Alvison, who entered the Omaha National from high school 21 years ago, was made cashier of the same institution. .. Shareholders of the banks of Omaha are reported to have been pleased with the year's business and to be confident of the future. In most of the banks there were no changes. The death of Ezra Mil lard caused a cavancy on the board of directors of the Omaha National that was filled by Barton Millard. The United States National bank, which lost one -of its directors through the death of Casper E. Yost, decided not to add any new member to take his place. Two Dropped From Directorate. In the American state bank. M. E. and F. S. Sharer dropped from the directorate, and E. M. Kent of Stan ton, Neb., was added. The list of officers of the bank was unchanged At the annual stockholders' meet ing of tb,e Security State bank, held yesieraa, ineionowmgiurcciuis uu officers were elected: VV. A. Rath sack. E. V. Svoboda. Dr. T. W. Koutsky, J. S. Kramolisch and F. T. Svoboda, directors; W. A. Rathsack, president; E. V. Svoboda, cashier, and J. S. Kramolisch, assistant cashier. Officers and directors of other -banks chosen late yesterday follow: V First National Bank of Omaha. President, F. H. Pavis: vice presi dent and chairman, C. T. Kountze: vice presidents, T. L. Davis, John W. Gamble, F. W. Thomas; cashier, E. L'. Drcste; assistant cashiers, G. T. Zimmerman. J. H. Bexten, A. H. ' Chisholm, E. F. Jepson: directors, F. H. Davis, John D. Creighton, C. T. Kountze. I. E. Congdpn. T. L. Davis, W. F, Mepeath, John W. Gamble. David Cole, F. W. Thomas, ..W. D. Hosford. United States National Bank, ' . President. John L. Kennedy; chair man of the board, Gurdon W. Wat ' ties; vice presidents, Milton T. Bar low, William E. Rhoades, Robert P. Morsman: cashier, Joseph C. Mc- Clnre; assistant cashiers, Charles F. Brinkman, Thomas F. Murphy, Ralph R. Rainey. Perry B. Hend ricks. Hrrry E. Rogers; directors, Milton T. Barlow, W. B. T. Belt, George Brandeis, Edward L. Burke, John H. CaWwell, Samuel S. Cald well. Edw'n A. Duff. Thomas A- Fry, George H Kelly, John L. Kennedy. Charles W. Lyman, Robert P. Mors man, Abraham L. Reed, William E. Rhoades, Benjamin K Smith, Wil liam A. Smith, Gurdon W. Wattles. American State Bank. Pres'dent, D. W, Geiselman; cash ier, D. C. Geislman; assistant cashier, H. M. Krogh; directors, D. W. and D. C. Geiselman, E. M. Kern, C - Theodore Krogh, P. A. DeOgny. Packen' National Bank. -V " President. John S. Coad; vice prcsi dent, William J. Coad; vice president " and cashier, H. C Nicholson; assist- . ant cashiers, A. L, Coad, I. L. Adams, Amos Gates: directors, Luther, Dra' e, Fred , Trumble, Charles Schaab, J. M. Gales, A. L. Coad, W. J. Coad, H. C. Nicholson, . J. S. Coad. Omaha Hay Market. , ' Rsealpts hT been very heavy, but tha last few dyi country roada have been mo bad that vary little had waa loaded this week. The market haa cleaned oft. and prirea are a little atronaer on prairie hay. while alfalfa remalna ateady. Oat and wheat atraw are higher. Upland Prairie Hay No. 1. $14,000 15.09; No. . 111.00 011.50: No. I. 17 009 t.00. Midland Ray No. 1. ftl.00OlS.S0: No. I. t1A.00OU.00. Lowland Hay No. 1. 110.00: No. , 13.OO0t.flO: No. . H. 00017. 00 " Alfalfa Choice. J2S.00 24.00: No. t. " I19.0021.00: atandard. $1.00!8.00; No. . . I12.00ei4.00: No. S. 111.00011.00. Straw Oat. 111.00013.00; wheat, tll.00 012.00. . New York Coffee. New Tork, Jan. 11. The market for eoftea futurea ahowed renewed flrmnene today, owing to reports of a better trade ' demand and a better tone in Brazil. The market opened at an advance of 6 to 11 polnte, and active montha sold it to S3 Joints net higher, with May touching 7.45c or 85 points above the 'recent low record. Last prices were at the beet Ll point of the day, ahowlng net galna of SI to 3d points. January, 18. 56c: March, 7.05c: May, 17.45c; July, $7. 86c; Septem ber, 18.20c; October, 18.32c; December. 38.55c. Spot coffee wa reported In Rood de mand with Rio 7s quoted at 6 to 7o and Santoa at H to 10c. - Kanaaa City Lira Stock. " 'Kansas City, Mo., Jan. 11. Cattle Re. celpta. 13,500: heef steers, weak t- 25c lower; top, til. 00: bulk r.eljw f8.75; he sto-k, atenilv to 26c lower: bulk. $4 76tf r tm- few heifers. $8.00: hulls and earners, steady; cannera mostly 33.00; calves gen erally 60c lower; few early IU.7SH!.00: late etop, $11.60; stockers and feeders. ' steady. Hogs Receelpts. 23.OO0; open ?B to 40. ( lower than yeeterday'a average, later mostly around 2Bc lower; top, $0.16; bulk of sales. $s.75.00: good to cholco fat . pica. 19. 15 . 50. - Sheep Recelnts. t.600; steady; werhers, 36.00;. ewes. 14.76; lambs, strong, Colo r rado lambs. $10.86. '. Slonx City Live Stork. Sioux City. la., aian. 11. Cattle Re r celpts. 4.500 head; market 25c lower: fed steers and yearlings, l5.&ogl2.0O; starker. steady; fat cows and helfera, $4 60tf7.6O. canners, t3.OO04.6O; veals. IS.50.60: , common calves, $3 6006.00; feeders. $6.00 08.60: feeding rows and heifers. $3.00 6.60: stockers. $5.0000.60. iO(cs Receipts. 11.000 head: market 16 . f)25o lower: choice Hunt. llnl.ii. ' common lights. S.2O08.6Ot mixed. $8 760 8.80; heavy, $8.6008.86: bulk, $8.8008.75. 8heep and I.ambs Receipts, 1,500 head . market 35a lower. Kew Tork Sugar. New Tork, Jan. 11 Tire local market for raw sugar waa firmer for spot and i' aarby, altbouah ahtrment augars were , , nrchanged. Thera were ' aales of $.000 "bees of Cubes in port and 10.600 bags i bfloat at 4 i-1c. c. L f.. equal to 5.68c fir Centrifugal, the spot price now. while 64,000 baga of Cubaa were sold for prompt and January shipment at 4Us, c U t. . cqaal to 6.71c for .Centrifugal.. Business in refined continues of fair . " proportions, and prices are unchanged at 7.75a to 7.10c for fine granulated. Turpentine and Rosin. Savannah. Ga., Jan. 11. Turpentine Quiet; lVic: no sales; receipts. 61 bar rels: shipments. 153 barrels; stocks, 16.877 btrrels. . . . RoBln Quiet; no aalea: receipts, 678 casks; shipments, 720 casks; stocks. 34, -830 casks. - - Quote: B. O. K. F. H. X. K. M. ,N. WO. WW. $11.80. , i Mml-eed Oil. fulutlh. Minn., .inn. 11. Linseed On track and arrive, $S.0G. k Market, Financial and Industrial News of the Day liveStock Receipts were Official Monday Hatlmate Tuesday Two days this wk Omaha, Jan. 11. Cattle. Hogs. Sheep. .10.214 10.622 11.6ft . 8.000 16.800 10,600 14.477 1S.70t 10,400 sam."7. 3 wk..go.l3.067 It 611 17 tt Same day 3 wk. '" "',' ,'!?! fcama day yr. ago....81t 34,733 it.iit Receipts and disposition of llva stock at the Union Ptock Yards. Omaha Neb., "r 84 hours -milng at o'clock . m January 10. 1921. RECEIPTS CARS Cat t-logs Slip. Wabaeh MlKSOurl rnclflc .... fnlon Paclflo C. tc N. W., cast .... C. A N. W., west .... C. St. P.. M. O. .. C, B. A Q.. east .... C. B. Q , weHt .... C. K. I & P.. e"' C. R, I. p- west Illinois Central Chi Qt. Waset. 5 3 ..loo .. 8 .. 8u .. i .. 2 ..107 .. 28 'i .. D8 Total Receipts 410 156 DISPOSITION 11 BA1 Cat Hogs Sheen 738 Z.t-UV I" 1,202 1.713 L)48 -'Hi 65 17. 'si 10 80 65 37 Morris ft Co. i Swift & Co Cudahy Packing t.o. .. Armour Co Schwarts Co j w. Murphy Pold Packing Co. .f. Lincoln Packing Co. . Po. Omaha Packing Co. Oeden Packing Co. ... lIlKglne Packing Co. .. Hoffman Bros John Roth & Sons ... Mayerowlch & Vail .. Olasabcrg Ilunsacker Wilson si Co. 2 J W. B. Van Bant & Co.' 43 Benton & Van Bant ... 20 P. P. Lewis I"; Kuntilnger & Oliver .. 8 J. B. Root & Co. 2C2 J. H. Bulla 1" Iiosenstock Bros " I' O. Kellogg 12 Verthelmer & Pegen . 1 Kills A Co 48 Sullivan Bros 89 K. O. Christie 88 Pner Bunnor Bros. J T..hn Warv.V 515 O 48 rs 12 t 2,824 6,016 1,6 123 2,878 633 404 "i'il 1,241 1,64't 2,141 Jenesen & Lundgren Tennis & Francis .. Cheek ft Krebs ...... Omaha Packing C8. m .1 n.nknv f'n U'utern Meat Co 61 Hmiley Pkg. Co. J Other Buyers 1.38 Total t',081 18,340 ,605 Cattle: There was a letup In oattie re ceipts on Tuesday, supply belir abou. t.000 head, but the market falltd ta re spond and prices showed further recessions all along the line. Trade opened out verv alow with bids and sales ranging from weak to quarter lower than Monday and business was done mostly on this basis. Some very eholoe handy weight steers trought $10.00 yesterday, but saPes aboy t 00 on Tuesday were very rare and bulk i. f the useful beef steers went at a spread cf $7 7608.60. Cow stuff also moved very slowly at unevenly lower prices. In stockers and feeders demand aemed to bo fairly broad and for the most part, prices were eabout on a par with tne close of last week. . . Quotations on cattle; Good choice beeves, $8.00010.00; fair to good t7.75I.OO; common tofalr beeves 7.76; good to chotca yearlings M00 3 50 fair to good yearllnga. $7 50W8.76 common to fair ywllnKe. $6 . OU. choice to prime heifers $7.0007 76 good to choice heifers. $5.7506.76; choice to trims cows. t .5007.70; good to choice cows. $5.7506.60; fair to good "ja J5.W ii. 6.75; common to fair cows $3 Vfi..,. good to choloe feeders. $8.OO0tOO; fair t,. good feeders. $7.50$.OO: common to fair feeders. $8 0007.00: good to rholcf stocker.. $7.6008.60; fair to good "torkers $8.7607.60; common to fair atockera. $6jM 8.60; stock helfera. $4.1506.00: stock calves. $4.0005.00; veal calves .00 10.60; bulls, stags, etc.. $4.6007.60 BEEF STEERS. Na Av. Pr. No. 47 1061 7 25 It. It 1138 41 1283 33 121t 21 1171 28 1258 43.. 18.... .... 16.... 10.... 45.... It.... .1321 ..1145 7 60 7 86 8 10 8 36 8 76 t 20 10 00 23... 13... 21... 8... 21... 11... At. .. 888 ..1020 ..lint ..1171 ..1113 ..1383 ..1103 STEERS AND HEIFERS. 10.... tj... ( . 18 ... 14.... 38.. 23.. 10.. 15.. It.. It 1080 14 1064 11 1077 10 1292 827 603 y 707 . 81t . tOl . 101 . 823 . 742 . 8$0' . 870 . 133 .1068 . 971 . 7t0 .1117 t 00 t 70 7 10 7 16 7 60 16.. 13... 17... 8.., 11... YEARLINGS. 7 60 HEIFERS. 6 (0 13.... 5 tO 10.... 35 38.... . 6 65 10.... cows. 880 688 763 33 1011 769 0t 301 770 E 00 S 35 . 6 50 6 75 6 00 6 10 6 35 65 1 0 S 12.. 11.. 11.. 14.. 24.. 23.. 13.. 13.. ... 715 ...106V ...1071 ...1060 ...1129 ...1001, ...1265 ...1060 Pr. 7 60 7 75 3 00 I 18 t 40 t 50 t 25 t 6V 7 00 7 20 7 40 I 00 5 76 00 t 60 7 00 S 25 ( 40 t 60 5 86 8 05 8 25 6 40 t 76 14.. 18.. 62.. 10.. 19.. 16.. 1.. 3.. 4.. 6 60 14...... 675 6 71 7 05 21 641 7 1C 7 16 23 868 7 60 7 75 14 884 7 tO 8 00 21 166 8 25 8 65 BULLS. 5 40 3 1170 6 (0 t 75 CALVES. 5 00 l..... 170 t (0 7 00 4 453 7 60 8...... 805 7 75 10 403 8 00 n3 380 t 60 t...... 340 10 00 7 150 . 10 60 Hogs Today's run of hogs, 10,800 head. Is the heavieat received at this point since May of last year. All ether-marVetx reported big receipts, with the Apply at seven points amounting to 176 000 head. Although the local run waa much eavler than dealera had expected, packer buyers and shippers wasted little time In placing bids and the trade developed at prices mostly a quarter lower, with demand ac tive at the decline. Bulk of tha offerings sold at a spread of 88.80 08.80. with best butcher hogs moving both on shipper and packer orders at the day'a top, 38.00.' HOGS. Pr. No. Av. 8 40 Financial By ALEXANDER DANA NOYES. Chicago Tribune-Omaha Bee Leated Wire. New York, Jan. 11. In some re spects today's stock market, like the day before, was not of a normal character. The stocks in which the day's advance was particularly rapid were not the standard investment shares and the movement of prices did not therefore reflect the tradi tional "reinvestment purchases." Nevertheless, both today's further rise in the speculative industrial shares and the reasons assigned for the advances were particularly logical. - In a general way, it may be said that the unfavorable facts of the business situation had been already "discounted" by the Stock exchange before the end of November. The very heavy speculative selling of the ensuing month was based either, on expected sales of real stock by people whose program usually was to buy it back again after "establish ing losses," or else on imminent financial calamities which were purely imaginary. Many Caught Short. But professional speculators who, un der such circumstances commit them selves to future delivery of stocks on an extensive scale, are walking Into an cjph trap, and this week It seems that the trap closed on them. They had sold more stock than could be borrowed for delivery; even the payment of $100 per day on 100 shares, exacted on one of these stocks, did not greatly help the matter. The effort to protect the posi tion by bidding for the actual shares had the result of driving up prices for some of the 6 to 10 points on top of the equally violent advance of the day before. Spasmodlo movements of this sort do not usually exert a wholesome Influence on Investment prices and they are likely enough to cause hesitation in tha pres ent Investments market If they were to create the Idea that the movement of trade and Industry is destined to straight way reverse itself with similar violence, It Jvould be unfortunate. There are signs of Improvement in busi ness, some of which were already visible several weeks ago. It is not only possible, hut probable, that dealera In merchandise, like Investors in securities, may discover that their unwillingness to buy until the decline in prices surely ended haa ' lost them the best chance of a bargain. But the recovery which Is likely to come In trade will be. In many respects, only a recovery from lethargy or paralysis. In fluences such -as re-employment at the mills and full adlustment retail prices to the buyers' legitimate ideas will have to test the larger questions of business revival. Sterling Advances. Next to the stock market, the sterling exchange market was again ihe focus of interest today. In the early hours, the rate advanced from Monday's closing of $3.7H4 to $3.76, which embodied a rise of I3c this week and of 24,8o sli-ce the month began. Afterward there waa a fractional reaction, which, how over, left the rate well above that of the dav" before. All other exchange rates followed sterling upward. South .American and Canadian exchanges being notably strong, with Montreal exchange selling 2c higher per Canadian dollar than a week ago and 1 1-lc above the low level of 83.9c on December 20. Tbe dav's movement of, sterling In par ticular against elicited various theories and conjectures, none of which r.ouldt be proved, because tbs active force operat ing on prlcea appeared to originate on the foreign markets. But the rapidity of the movement, its prevalence on all e'vrbenge markets and the fact that sterling has, for many weeks, consistently reflected the actual credit situation at New York, make it entirely reasonable to ascribe the recovery In. the forelg exchanges to an approaching decline in American money rates. There were rather plain Indications today of such a decline, for although the call money rate aa offic'ally recorded in Stock Exchange transactions did not go below per cent. It waa quoted considerably lower on the street after the close of business. It was difficult to traoe any actual business in loans en time at less than tha lately pre vailing rate, but it growa increasingly evident that If leaders wish to do bus iness on any considerable scale on tfcat branch of the money market. It will have to be done on something nearer a normal basis. Omaha Gram New York Quotations Furnished by Trust building: Logan ft Bryan, Peters RAILS. lion. High Low Close Close. 83 84 948 Omaha, Jan. 11. Cash wheat prices today ranged generally unchanged to a cent high er. Corn ranged unchanged to a cent up. Oats were unchanged. Rye advanced 2 cents, while byley was nominally unchanged. Grain re ceipts were generally light, but larg er than a week ago. . Sale of S00.000 bushels, of rye for export was reported made over night Seaboard bidding for rye and barley was strong today, but busi ness was checked due to inability to secure the cash grain, said a Chicago wire. Commission houses, removing of hedges against export sales of wheat. bought about l.OOfl.000 bushels of March wheat on Chicago Board of Trade today, said a Chi cago message. Sale of 800,000, bushels bv one house to go via the gulf was reported. Country offer ings of wheat over night were re ported small despite yesterday's bulge. One house that bid the coun try freely at full market price bought less than 30.000 bushels in the southwest, it was stated. wheat. , , No.- 1 hard: 1-6 car, $1.80 tdark); 1 car $1 77 No. 2 hard: 4 cars. $1.78; 4 cai-B. $1.76. No. 3 hard: 2 cars. $1.74; 3 cars. 81.73: 1 car, $172; 1 car. 3170 (smuf; 1 car. $1.69 (smutty): 1 car. $1.6J (smutty.) No. 4 hard: 1 car, $1.71. 2 ca's, $1.70. Sample spring: 1 car, $1.68. No. 1 mixed: 3-5 car, $1.72 (dnruri.) No. 5 mixed: 1-5 car. $1.68 (durum.) CORN. No. 3 white: 1! cars, 60c. No. 4 white: 1 car, 58c: 1 car, 5714c. No. 3 yellow 2 oars, 61Hc; 1 car. 61 (dry); 2 cars, 60c. No. 4 yellow: 2 cars, 69c; 1 car. 59c lapectal billing); 2 cars. 68c. No. 6 vellow: 1 car, 67c; 1 car 56t4c No. 1 mixed: 1 car, 62c. No. 3 mixed.: 3 cars 6tc; 1 car. 68c (loaded out.) No. 4 mixed: 1 car. 68c; 1 cars, 67Hc; I car, 67c; 3-3 car. 66c. . No. 6 mixed: 1 cars, 66c. OATS. No. 3 white: 3 cars. 44e. RYE. No. 2: 1 car. 11 f,7. No. 3: 1-3 car. 31.65. OMAHA RECEIPTS AND SHIPMENTS (CARS). Receipts Today Wk. Ago Yr. Ago Wheat 67 1 40 Corn SO 28 82 Oata t 11 14 Rye 1 1 Barley 2 Shipments Wheat ?3 60 ' 67 Corn 2 " ; Oats 13 It 2J Rye 2 J J Barley 1 - CHICAGO CARLOT RECEIPTS. Today Wk. Ago Yr. Ago Wheat 2 " J Corn 716 669 833 Oats 195 128 204 KANSAS CITY CARLOT RECEIPTS. Today Wk. Ago Yr. Ago Wheat 180 " 3 Corn 2J " " Oats 21 8 17 ST. LOUIS CARLOT RECEIPTS. Today Wk. Ago Yr. Ago Wheat 130 89 84 Corn 70 37 lot Oata 1 60 , S4 67 NORTHWESTERN CARLOT RECEIPTS OF WHEAT. Today Wk. Ago Yr. Ago Minneapolis' "7 110 309 Duluth v. 79 62 7 Winnipeg 1,068 610 672 PRIMARY RECEIPTS AND SHIPMENTS (BUSHELS.) Receipts ' Today Year Ago Wheat 828.000 951.000 CoVn 1,669,000 981,000 JiaU 689,000 870,000 WheatT"?". ........ 334.000 480.000 Corn 610,000 . 432.000 Oata 486.000 633,000 Minneapolis tiraln. Minneapolis, Jan. 11-Flour 1020c higher. In carload lota,, family patents quoted at $10.1010.40 a barrel In 88-ib. cotton sacks. v Bran $26. 00 37.00. Wheat Receipts, 177 cars, compared uh aoo mru a vear ago. Cash No. 1 hnorthern, $1.82 1.87 ; March, $1.74; May. $1.70. Corn No. 3 yellow, 6163c. Oats No. 3 white. 42 B 43 C Barley 61 75c. Rye No. 2. $t.62K1.63. Flax No. 1, $2.042,06. Kanaaa City drain. ' Kansas City. Mo., Jan. 11. Wheat March, $1.72 ; May, $1.64. Corn May, 67c; July, 69c; Septem ber. 7054 c. Chicago Grain By CHARLES D. MICHAELS. Chicago, Jan. 11. Grain prices had support .when needed and while the range on wheat was liberal, 'hat on coarse grains was the narrowest in weeks. The dose was at gains of Vi to lc on wheat, with corn Jtlc lower to He higher, oats Y to lower, and rye up V4c and barley lAc higher. Wheat news was mostly bullish and values advanced to the highest since November 1, with March at $1.80, touching that figure twice, al though there was not much business at that figure. It fhowed an advance of 24c, while the top on May was $1,70J4. The finish was at lfic from the highest of the day. Gains were small, considering the good buying by exporters, but it must be consid ered that heavy selling tor profits was against the market. When the absorptive ability is considered, the market was strong and healthy. Wheat receipts, 14 cars. Corn Market Light. ' The corn market waa tho smallest of the season. May -elllng between 7 and 74 He with most of the business around 74Vjc. Export buying was fair with 72, 000 bushels sold to the seaboard, partly at 13o over Chlcagc, May track New York. Country offerings were fair and purchases to arrivals liberal. Domestic Bales were 70,000 bUHhels and arrivals 867 cars. Trading in oats ws limited and tha tone easy. Hedging pressure. sufficed for the light buying power. Cash prlcea were unchanged to Vjo higher. Arrivals, 80 cars, and shipping sale, 100,000 bushels. Export sales of rye were 300,000 bushels. Trading In May was light with ottering small. Arrivals, 8 cars. Pin Notes. Foreign demand for cash grain waa very brisk, with the British commission, Italy and Germany in the market for wheat, taking 1,550.000 bushels hard win ters via the gulf, the demand persisting despite the advanNj in futures, and 260,000 bushels wheat was sold after the close by a Chicago house to Oermany. Sales of rye were reported at 100.000 bushels at the seaboard and corn at 106,000 bushels, 80,000 bushels bringing lllH4o over May f o. b., the gulf for last half January shipment. Chicago handlers sold 165,000 bushels corn and 26,000 bushels barley to seaboard exporters. Domestic shipping aalea at Chicago were 6.000 buehels wheat, 70,000 bushels corn, 100,000 bushels oats and 16,000 bush els barley. . , , . . Dark No. 2 northern sold In store nera at 6c over March. Premiums In the jample market were unchanged with No. 1 hard 1616c over March. Receipts, )4 cars. Outside Markets were somewhat Irregular. Red at St. Louis was lo lower and hard unchanged to lc higher, while Kansas City waal4c higher and Omaba un changed. . ,tl . V . Argentine crop news was bullish. Cables from the best posted people at Buenoe Aires placed tho exportable rP' 92,000,000 bushels. This Is 48,000.000 bushels lower than Broomhall'a estimate. Reports say the crop has been disappoint ing. Kalns continue in Australia, which, are not good for the cropt Movement from the country Is fair wltn liberal export clearances, which tends to create confidence of holders. CHICAGO CLOSING PRICES By Updike Grain Co., Doug. 2627. Jan. 11. Art. I Open. I High. Low. I Close. I Sat. Bonds and Notes 364 87 U8W 118-41 739s 78 No. Av. 46.. 381 66.. 240 39. .294 48. .270 78. .210 Sh. 70 40 Sh. 110 Pr. 1 60 t 70 t 80 8 80 t 00 lambs 63. .344 8 65 30. .243 8 75 83. .202 8 85 ' 60. ,301V ... 70 8 85 60. .267 ... Sheep Arrivals of sheep and amounted to 10.500 head and prlcea In most branches of the trade held up in good shape. Fat lambs met with a fairly broad demand at figures steady to a quar ter lower, with fat sheep selling readily on a steady to strong basis. Best lamba here found a shipping outlet at $11.00, the day's top. Other sales of pretty good killing lamba were reported at $10.60 10.86. Fat ewes sold up to $4.6004.76 and some good handywelght aged wothera brought $6.25. Desirable feeding lambs' were rather scarce, but are quotable up to $9.506110.00. Quotations on sheep: Beat fat lambs, $10.75011.00; medium to good lambs. $10.25910.76; plain and heavy lamb. $8.60 10 25; yearlings, $7.768.76; wethers $5.2606.26; good to choice ewes. $4.26$ 4.75; fair to good ewes, $3.7604.00; cull and canner ewes, $1.60 0 2.00; feeding lambs, $8.75910.00; feeding ewes, $3.'64 3.60. FAT LAMBS. No. Av. Pr. No. Av. Pr. 178 fed 85 10 00 201 fed 81 10 26 IStfed 34 11 00 FEEDER LAMBS. 186 Colo 78 80 FAT EWES. 171 Colo -Ut 4 60 FAT WETHERS. -141 fed 125 6 85 FAT YEARLINGS. 45 Colo 155 8 60 v . ( Chicago Live Stock. Chicago, Jan. 11. Cattle Receipts. 14,000 head; beef steers fully steady; two loada of 1,490 pounds, $11.00; bulk, $8.00 9.76; heavy beef cows and heavy heifers slow, spots lower; other she stock steady, bulk butcher cows, $5.006.60: bulk heif ers, $6.7607.60, canners and cutters mostly $3.3504.25; bulls weak to unevenly lower, best heavy belognaa, $6.00; bulk. $6.0006.76; calvea about steady; bulk vealers to packers, $11.00011.60; clot alow steady. Hogs Receipts, 76,000 head; mostly 8b to 40o lower, closing 10 to Ho hlghef than early; top, $t.40 for light and 160 pound offers; bulk, $8.16 08.25, pigs 35c lower; bulk desirable 80 to lto-uound pigs, $t.250t.6O, Sheep and Lambs Receipts, 44.000 head; fat lambs and yearlings weak to 3to low er; sheep and feeder lamba strong tc 26o higher; top lambs. $11.76; bulk. $11.00 011.76; top ewes. $5.76; bulk, $4.6005.10. bulk feeder lambs, $9.00010.50. St. Joseph Uv Stock. . St. Joseph, Mo., Jan. 11. Iltgs, Re ceipts, 14.000: 25 to 40 cents lower; top. 18.00) bulk. $8.6003.60. , Cattle Receipts. 1,600; generally steady; steers. 86.50010.50; cows and belters. 83.5O09.oo: calves, i6.nutniu.to Sheep Receipts, 8,600; murk I steadyl to 26 rents lower; lambs. $8.60 10. awes, $.50Bt.50. A.. T. A 8. F..... 84H Baltimore & Ohio. 37 H 36 Vs Canadian Paclflo .119 4 118 N. Y. & H. R... . 74 73 Grla R. R. 14ft at. Northern, pfd. 78 Chi. at Western.. SH Illinois Central . M.. Kan. A Tex K. C. Southern Hlssourl Pacific N. Y., N. H. & H North. Pac. Ry. Chi. 4 N. W. .. Penn. R. R. .... Reading Co C, R. I. & P.... South. Pec. Co. Southern Rilway.. Chi., Mil. & St. P. 3014 union Pacific ....Vi2 Wabash SH STEELS. Am. Car & Fdry.121-,, 125 Allls-Chalmers ... 85 34 Am. Loco. Co. ... 8614 84 186 Utd. Alloy Steel .. 33 31 32 n&ldwln T.ncn. Works 84V. 91V. 2 Beth 8teel Corp 63 59 61 Vt 60 Colo Fuel & Iron Co 30 30 W 30 Cruclgle Steel Co. ..107 97 li'S 96 Am. Steel Foundries . 31 31 31 31 Lacka. Steel Co. ... 68 66 67 5 Mid. vale Steel & Ord 32 32 32? 32 Pressed Steel Car Co 88 86 87 88 Rep. Iron & Stl. Co. . 71 68 C9 68 Railway Steel Spring . ; 85 Rioss-Shef. Stl. A Irln 56 54 66 52 United States Steel .. 84 83 83 83 COPPERS. Anaconda Cop. Mln. 38 38 Am. Smlt. A Rfg Co. 39 39 Butte & Sup. Mln. Co 13 13 inuo copper co. Men ' 179 ' 1.80 ' 1.77 1.78 1.77 Ma? 1.69K L70 1.68 1.69 L68 May- 152 1.64 1.62 1.63 1.62 July L36 I L36 1.36 1.36 1.36 Ms" '.74) .74 .74 .74 I .4 July ( .76( "! 7S' May I .48 .48' .48 .48) .48 July I 148 ' .41 gj .4I Jan" 124.50 124.60 124.50 24.50 May 123.85 24.20 123.60 24.20 123.80 Jan3 112 It 113.12 12.30 113.11 113.00 May IlileO l3.87 Il3.60 l3.86 18.70 Jan! 112.00 '(12.02- 111.90 jlt.00 11.87 May 112.46 12.75 112.46 112.73 113.47 St. Loots Grain. 8t Louis, Jan. 11. Wheat March, $1.82 asked; May, $1.72 asked. Corn May, 76076c: July.. 76c New York Dry Gooda. New York. Jan. 11. Cotton goods were more active In the grey convertible and finished goods lines today. Cotton goods moved faster. Silks sold at prlcea closer to replacement cost. Revisions In wool goods were expected to be drastic and lead to a more active business. ... Bar Silver. New York, Jan 11. Bar Sliver Domes tic. 9c; foreign. 66s. Mexican Dollars Unchanged. The following quotatlona furnished by the Omaha Trust company: , 1 - App. Price Yld American T. T. Co. s. 1922. 96 8.70 American T. & T. Co. 6s. 1924. 94 8.80 Anaconda (is, 1929 7W 8.20 Argentine Bterllng 4s ..$425 per C200 bond Armour 7s, 1930 97 ' 35 Bolglan Govt. 6s. 1925 9 8.05 Belgian Govt. 7. 1945 .... 99U 7.65 Beihlehem Steel 7s. 1922 .... 98 8.40 Bethlehem Steel 7s, 1923 .... 96 8.70 British 6s, 1928 95 7.80 nrltlst'6s. 192t 9fc 7.20 British 6s. 1987 88 8.85 C. C. C. & S. L. 6s, 1921 92 7.35 C. B. & Q. Jt. 4s. 1921. 9t 10.80 Cudahy Packing 7s, 1923 .... 94 J 60 B. F. Goodrich 7a, 1925 , 90 9 Krench Govt. 8s. 1945 10 7.0 Japanese Govt. 4s. 1925 .... 77 '4 11.00 .Taraneae Govt. 4s, 1931 59 10.65 Norway 8s. 1940 100 8.00 Morris Co. 7s. 1930 99 7.75 N. Y. Central 7s. 1930 101 6.75 Pennsylvania R. R. 7s. 1930.. 104 6.30 U. 8. Rubber 7s, 19S0 t 7.7a Swedish Govt. 6s, 193....y. 85 7.60 Swift & Co. 6s, 1921 1... 98 8.25 Swift St Co. 7a. 1925 96 7.95 Western Electric 7s. 1925 99 7 20 Swiss Govt. 8s. 1840 104 7.6 ..I, i. isis 100 8.00 Westlnghouse Wlec. 7..193l .. 86 7.45 New York Cotton. "New York, Jan. 11. Tho cotton market opened easier early, owing to poor cables, selling bv the south and profit-taking. Some of the private messages from Liver pool were distinctly unfavorable, but in spite of this, Liverpool concerns were among the best buyers, taking July pri marily. About 13 notices were issued, causing weakness in J""-. lS showed net losses of 22 to 65 points, with January suffering tho greatest loss, fol lowed by further recessions In other months from 25 to 87 points not lower. Realizing continued and prices weakon edRto JO ?0 55 point, net lower at mM- riflv Private eanit-s hii ?heyr. wis no imorovement in Manchester and closing dec!!r.es in the English mar ket probably promoted some of the scat tered selling In New York. mid-afternoon Ihe market ft. atead ler, with rallies of 70 to 25 points. I Foreign' Exchange Bates. . . ..,.,. f eTchsnge Following are i-J- ' , .i as compared with the par valuation. Fur- nisnea ny me Va,;" To(1av :::::::::::?;.- .58. reecho-Slovakia Denmark . ,'JJ" England '. '!! France 1JJ 'mis. Oermany .1 !' Oreec. .' J" Italy ., " nhib Jugo-Slavla .. -""f ;: . oSiS Iweden " X-'i""-""" -2170 Swltaerland ,1668 .Liberty Bond Price. New York, Jan. 13. Pi-Ices of Tlberty bonds at noon were: 3a 92.86; first Is 87.50; second 4s, 87.00; first 4 J7 62. second 4s. 87.00; third 44s, 80 46. fourth 4s. 87.46; Victory 3s, 17.00; Victory1 4s. 07.04. Liberty bonds closed: 3s, .92.20; first 4s. 87.70: second 4s, 86.16; first 4s, 87.84; second 4Ws, 86 98; third 44a. 90.34, fourth 4s. 87.86; Victory 8s, 87.00; Victory 4s. 97.04. Kansas Cit Produce, " Kansas City, Mo Jan. 11. Eggs Firsts unchanged, 69c; seconds, 3o higher, 63c. Butter Unchanged. ' Poultry Hens, steady to 10o higher. 23 27c; springs, 2c higher. 27c; turkeys, un changed, 40c Evidence Fails To Prove Need of Immigration Bar Testimony on Bill to Prohibit Aliens for Year Not Suffi cient to Justify Action, Senators Say. Washington, Jan. 11. Testimony taken by the senate immigration committee in hearings on the Johnson ; bill prohibiting immigration for one j year has failed to prove existence of an emergency, according 10 senators who analyzed evidence submitted by more than 30 witnesses in the last week. They declared the charge thai "millions of aliens would flejod the United States, increase unemploy ment end create economic chaos" had ' not been proven. Une memner 01 me commuiee predicted that inasmuch as the bill admittedly was an emergency mea sure it probably would be sidetracked until the emergency could be proven, Others expressed similar opinions, caviiitr nrpcenr immigration laws i would remain unchanged until the I committee could draft permanen .legislation. The committee plans to conr nae us Hearings mis wcciv ouvi begin drafting a report to the senate next week. V - Chairman Coir told the c6mmittee that testimony showed conditions in I Europe had not produced any change I in the ratio between the number of immigrants as compared with tne number of aliens returning to Europe. W. E. Bennett, attorney for a Chicago lumber company, the prin cipal witness today, declared pas sage of the Johnson bill "would make it impossible for the farmer to stay in business." 1 Chicago rrodara. Chicago, Jan. 11. Butter Unchanged. Eggs Unchanged: receipts, 8.913 cases. Poultry Alive, higher; fowls. 31o. springs, 27c; turkeys, 40c. Divorced Woman Tells of Her Stormy Married Life District Judge Wakckv yesterday received a tix-page. typewritten let ter from Kat'icryn Herdman, di vorced wife of R. E. L. Herdman, giving detailt of a ttormv married life. The letter wat written rfter Mrs. Herdman had learned of an un favorable decision against her in her suit for additional alimony. She had obtained a divorce and the custody of her two children and $7,000 ali mony in district court hrre in 1918. Mr. Herdman. an Omaha attorney, recentlv received a telegram from Mrs. Herdman, who is living at Hollywood, Cal., which read. When you receive tHs vou had better maka arrangements to take care of tho bodies." She later explained the tele gram should have read "take care 6f the da-.ightera" instead of 'bodies." FOREIGN EXCHANGI We Quota, Buy and Sell All Foreign Got. Bonds German Money and Drafts German Municipal Bonds German Industrial Bonda We Cash Coupon and Draft Private Wire Omaha Stock & Bond Exc 2SO Patera Trust Bldr. Ty. 8027 Oroaha, Neb. Private Wire FARM MORTGAGES (6 and 7 Local Tax Exemption United States trust Co. 1612 Farnam Street Give Your Furnace A Treat ' Buy 'Your COAL This Winter From the UPDIKE LUMBER & COAL CO. fhone Walnut 0300 76 77J4 774 j 'fo ' S Stt 89 ' f -VS . 20 19 "'A 20W As. va?1s3 . 20 19 19 20 T W . 21V4 20 '21 20 laZ If J rX . 41 4i, 41 41 p fnrXVy r Hg . 8 83 83 84 Wfir J) -A sis ii ,5.5 vmXmmMMmmmmmrm 23 22 22 23 g3iZSSSi5S53 " ill'4 X21J4 122 .srV SZ- .H9Vi 39 tt .3 12 11 ilV, 11 11 . 22. 22 i2 21 i- 36 3S S6 38 . 20 20 20 20 . IS li 19 1ST . 11 10 10 10 . 14 13 13 13tt . (6 54 56 54 INDUSTRIALS. Beet Sugar Co. 48 46 48 41 O. & W. I. a S.. 74 66 VI 66 Internat. Corp. 6 49! 46, 48 47 Sum. Tob. Co... M 79V 1 80 Cotton Oil ..22 22 Z2 22 T. at T Am. zinc, it. & u. i Brook. Rap. Trans. 11 Beth. Motors 4 American Can Co, 29 Chandler Motors . 72 Cent. Leather Co.. 41 Cuba Cane Sugar.. 21 Cal. Pet. Corp. .. 31 Cal. Pack. Corp.. 64 Corn Prod. Rfg. . 72 4 Nat. En. & Stamp. 61 Kisk Rubber Co... 18 Gen. Elnc. Co. ...122 121 122 122 Gaston W. & W... 4 3 4 3 10 21 44 t'hlno Copper Co. . lnspira. Cons. Cop. Kennecott Copper Miami Copper Co. . Nev. Cons. Cop. Co., Ray Cons. Cop. Co. , ttah Copper Co. ., Am. Atl., Am. Am. Am. Am. Gen. Motors Co. Am. i Hide A L. Co, Goodrich Co. Haskell A B Car. U. S. Ind. Alcohol. 71 Internat. Nickel .16 Inter, Paper Co. . 6 AJas Rubber Co.. 39 Kelly-Spring. Tire, 49 Keystone Tire A R. 12 Inter. Merc. Mar.. 17 Maxwell Motor Co. 7 99 9 11 4 27 70 40 23 30 62 70 (3 14 16 10 41 99 11 4 28 71 40 28. 20 62 71 it 15 99 9H 11 4 27 71H 40 24 to 61 71 62 14 16 K 41 in i kdyl' M el A M st Mexican Petro. Middle States OH Pura Oil Wllly-Over. Co. Pierce Oil Corp. Pan-Am. Pet-Tr. Pierce-A rr. Mot. Royal Dutch Co. U. 8. Rub. Co. Am. 8ug. Rfg. Co. Sine. Oil A Rfg. Sears-Roeburk Co, Ptromb. Carb. Co. STudebak. Corp. Tob. Prod. Co. Tran.-Cnntln. Oil Texas Co. U. 8. Food. Pr. Cor. 24 IT. B.TSm. Krg-ftiln. 14 White Motor Co. Wilson Co.. Inc. West'gh. Airbrake Western Union West'gh. El.-Mfg. Amer. Woolen' Co. Total Sales, 1,135,600. Money 4 Marks Sterling 69 15 54 25 48 11 14 11 168 14 18 35 9 11 78 27 6 70 95 26 92 41 66 66 12 46 40 46 9 C7 45 71 11 76 26 67 68 93' 24 83 39 64 66 11 43 24 34 69 46 98 87 44 69 70 15 55 35 48 11 16 6 159 14 25 6 J1 16 . 27 67 70 , 95 24 60 39 65 66 11 44 24 34 40 46 96 87 44 70 16 10 :-3 69 70 li 3 47 ll 15 6 169 14 35 11 77 26 68 70 93 23 -H 64 ' 66 11 44 26 33 40 41 , fast class SanFranciscolimited California Limited Navajo Missionary Scout ' 'Santa Fe all the way"- J 1 best of service Grand Canyon on the way . titan of chasms Fred Harvey meals they set the standard Faster time on the two Limiteds . '0 Tfcs Saa Fraeelseo Limited first season. The Caliloraia Limited -twennr-slxth season. Solid Sleeplng-csr trslns Fsttet time. riir othet three trains csrnr-touriit sleepers and chair cat ggg In addition to tegular Pullman equipment. 8. Larimer. Oen. Agent m A. T. A 8. F. Ry. a ... at.' (IS Flynn Bldg.. Dea Molnee. Is. WUulCin Fiona Uarket 1041 Close ..0144 .I0 'Pivdeiihf ' a." . ' Locating Causes for Optimism By arioulfl be1 the most optimistic people on eaVth. Just .t im tfco forts in tht rase and vaob 1 ... see if this isn't so. There's no sense rh inp: sad and eloomy if the evidence is cheerful and en couraging. Have we lost a section of our A 1.1 I. n a.in.l ft.ffl tW COunirv inroufii o rniii m through nartition by foreign powers as has happened to some oi tne Hiuropean nawons; inu. TT ........m r... t KaaVI X1HS wur aruYTTi i,mit;ijv w--" overthrown by bolshevism or some other form of insurrection as happened to R-iss'a and other foreign countries? No. Ara wo snffriner bv famine as is the case in certain parts of the Orient? No: we have an ex cess of food commodities Waa th TTnited States b?en scourged with a pestilence? No; the depth rate is the lowest m many decades. Have the natural resources of the country become exhausted? No: the surface has merely been scratched. Have the people of the Unitpd States lost their arpetites? Do thev rip longer care to adorn their bodies with fine raiment? Don't they wish to live in pleas ant homes? Would thpy rather walk than ride in automobiles? Should we grieve over the lost opportunity to profit by the de struction and waste of a world, war? Or should we be glad that the horror of the war is past? All that we need in the United States is a general willingness to work and conduct business on a fair price level. Such a disposi tion will come about sooner or later and , better sooner than later. I The party with something to sell must set a price which will induce other parties to buy. When ,a fair price level is reached, confidence will be re stored. Then trade will get back to normal and gloom will disappear. TfriTie ftuilderS JCOimMTe Dodge at 18th, Omaha C. C Shimer, President G. A. Rohrbough, Secretary-Treaaurer THE STATE BANK OF OMAHA Corner 16th and Harney Streets The Largest State Bank in Nebraska si Total Resources'' Over FIVE MILLIONS A Conservative Policy We Owe Nothing for Borrowed Money We Pay 4 On Time Deposits ' .3 On'Savings Deposits All Deposits in this Bank are protected by the De positors' Guarantee Fund of. the State of Nebraska. The Safest Place in Nebraska to Deposit v Your Money. SAFETY DEPOSIT BOXES We have installed 500 new boxes in our Safe Deposit Vault and are now prepared to take care of new customers for boxes. , Price on boxes, $5.00 per year and up. We Invite Your Business OFFICERS AND DIRECTORS: Albert L. Schantz, Pre. Dan W. Gaines, Vic Pres. J. H. Donnelly, Caahier. Oscar Keeline. A. A. Nelson, Ass't. Cashier. W. C. Davia, Ass't. Caahier. C. h. Murphy, Aaa't. Cashier. D. C. Eldredge. f Let Us Handle your grain ahipmenta to the Omaha, Chicago, Milwaukee, Kanaaa City, Sioux City, or any other marketa. We Specialize In the careful handling of all orders for grain and provisions for future delirery. We Operate Offices at Omaha. Neb.; Lincoln, Neb., Hast, inga, Neb.; Chicago, III.; Sioux City, la.; Holdrege, Neb.; Geneva, Neb.; Des Moines, la.; Milwaukee, Wia.; Hamburg, la.; Kanaaa City Missouri. We Have Up-to-date Terminal Elevators in the Omaha and Milwaukee Markets with the latest facili tiea for handling your ahipmenta. Updike Grain Co, i The Reliable Consignment House" Omaha, Nebraska V A ... . .
