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About Omaha daily bee. (Omaha [Neb.]) 187?-1922 | View Entire Issue (Feb. 4, 1921)
THE BEE: QMAHA, FRIDAY. FEBRUARY 4, 1921.
Market and Financial News of the' Day,
, ftscslpt wr:
Official Monday ....
Official Tuesday ...
Four days thta week
Kama flay isst week
Bam 1 weka ago..
Kama I wk ago..
8am day year ago.'
Omaha, Fab. I.
Cattle Hon Bhn
4.414 ll.ltl ,.ll!
7,44s ;i.oi . T.nst
6.308 IS. oil 4,S9i
ll.SflO 11,400 3 408
30.870 J,0-J 24.491
J4.83 si. 867 48,408
31. Hi 6,6I( 411.135
84,661 80.481 43,546
11,46 44 871 28,886
Receipts and disposition of live slock at
tha Union Stnrk Yards. Omaha. Neb., fur
34 hour ending at t o'clock p. m., Feb
ruary , ik.'i.
Missouri ra.-iflc .... 8
ITnion Pacific JO
:. J N, w east.... X
. N. W.. west.... 14
'., St. P., M. O....
C, B. q.. aaat
C, B. ft VI.. wet 27
I'.. R. I. A P.. east.. 1
!., R. 1. P.. nest.. 2
Illinois Central a
Chicago Qt. 'Weal.... 3
Tela! receipts ..... 13 141
Cattl Hog Sheep
MorrU & CO 6B4
Swift C 606
I'uilahy Packing Co. 585
Armour & Co 4u0
Hchwam k Co
-.!. W. Murphy
Oold racking; Co.... 36
Lincoln Packing Co..
So. Omaha Pkg. Co.,
Of den Packing Co...
Allied Pkg. Co
.Mayerowlch A Vail..
V. P. Lewie
.1. n. Root Co.. . ..
.T. II. Bulla
r.osenstoek Bros. . .
Financial I Omaha Grain
tVertholmer & Desen -j 1 52 ....
Kill Co : ....
Sullivan Bros S ....
Mrt.-Ksn. C. C. Co. 1 ....
K. O, Christie.. 1 ....
John Harvey 37
Dsnnle Francis.,.. ::4
I'lirck & Krebs it
Omaha Packing Co.. 13 ....
Independent Co 1941
Other buyer tii
Total '"1- 4Jou
i.'aUle With a very light Thursday run
nf cattle, about 3.500 head, there was a
further steadying of beef valuer, although
the trade showed little activity and de
mand Is ettll far short of normal. Qual
ity of th offerings wss not very good
sud sales above 17.60 were not very nu
merous, a Rood share of th offering go
ing below 47.00. For th week beet teera
ere fully Boo lower and cows and heifers
2sS0e off. the feneral market for killing
stock being fully 11.00 lower than It was
10 days ago. Blockers and feeders were
in limited supply and demand at un
evenly lower prices, the decline for tha
week on this class of stuff being around
tjuotalions on cattle: Good to choice
beeves, !7.i4.2o; fair, to good .beeves.
S7.ooiy7.7c: common to fair beeves. 44.00
87.O0: good to choice yearling. $7,500
8.00; fair to good yearlings, 8t.757.60;
common to fair yearlings. $S.006.76:
choice to prime heifers. $5.7o(&.75; good
lo choice heifers 8D.0Q,5.75: choice to
prime cows. 5.t.06.00; good to choice
rows. l5.00ifrS.6O; fair to good rows, 44.60
fj.n0: common to tair cows. 83.604.6;
aood to choice feeders. $7. 60 IP 8.00: fatr
to good feeders. 14.7597.60; common to
fair feeders, 86.00&6.76: good to choice
stock crs. 7.257.76; fair to good stack
er. 6i.!!6$ 7.26: common to fair blockers,
5.00.:5; stock heifers. 14.00(3' 6.50: stock
cows. 13.5004.50 veal calves, tg.6010.ii;
bulls, stag etc.. J4.:6fi6.25.
Av. Tr. No.
.. 60 . I 76 ii.
. . 465 6 25 8.
.. IMS 50
. . tt!i t 45
. . 909 G 85
..1064 7 00
, .1S4S 7 40
..12J2 7 60
STEERS AND HEIFERS.
. 84t ,
6 00 :i...... 916
6 25 13 8.10
STOCKF.RS AND FKEDERR.
.1703 . 4 7J
7 ...... Si:!
7 .'. 184
By ALEXANDER DANA NOYES.
Chicago Tribune-Omaha Bee Leased Wire.
New York, Feb. 3. The 9 per
cent .call money rate prevailed strain
today, leaving the exact nature of
the money situation hard to read.
Numerous different causes were as
signed in the talk of the banking
community, but they ajre mostly
causes wlnclv under ordinary cir
cumstances, might have impeded re
turn of easy money rates but could
scarcely have produced the appear
ance ot actual, stringency. We shall
doubtless see the position more clear
ly when Saturday's weekly bank
statements are tniblislicd.
In the meantime, there is no roomi
for debate that certain large dis
tricts of the west and south are in a
condition, which, for the time, is
deadlocking the free liquidation of
credit engagements, tying tip the
banks of those sections in loans that
are neither paid off at maturity nor
foreclosed and, therefore, is throwing
back those banks on their stronger
New York City correspondents.
So far ts the nature ot this situation
can be defined, it would seem that the
difficulties in adjusting credit which be
set the New Tork mercantile community
two or three months ago are In much
the same stage as are the agricultural dis
tricts. They will be settled as were the
trouble at New York; In both cases It
was a matter of sudden and heavy de
preciation of the products or securities In
which the borrowers had Invested the
proceeds of their loans at the early high
prices of 1920.
The January record of business failures
reflects this condition. Bradstreet's de.
scribes them as the largest- In number
or any January on record except 1915,
with the heaviest liabilities and the lars
est increase over January a year aire oc
curring In the south, where the delusion.
both of producers and bankers, as to the
market for their cotton will probably long
.oiitHiu who vi nits irauuion oi
Mock Market Weak.
The stock market was weaV lipnin un
der the influence of th money rate; but
antes were not large and probably repre
sented for the moat part, the closing out
by professional operators of recent specu
lative ventures for the rise. There was
no evidence that railway shares were
particularly affected by Mr. Atterbury's
gloomy review of earnings results In Jan
uary In his speech to the federal railway
labor board. The facts were In general
known alreasV; insofar as the conditions
recited are ot a continuing nature, the
government Is virtually pledged by Its
own formal engagements to find a solu
tion. Foreign exchange moved hesitant today
and in the afternoon the rates declined
irregularly, although with partial recov
ery before tha clos. Sterling lost a full
cent, French and Belgian francs about
Uo each. Silver bullion continued Wed
nesday's recovery; an advance of 3 ii
pence today brought the London price 3U
pence bo the low level reached two
Itaok Deposit Decline.
Something of the influence which havt
been reflected 'in New Tork was visible
In today's European bank returns. Ths
Bank of England' percentage of banking
reserve to dipon!ts, which had arlsien from
7 1-3 on December SO to H'i a weelt ago,
now declines to 11.J. Last year the present
week was marked by an increase In the
ratio, which rose from 9'i per eeo$ at the
end of December, to 22H at the opening
of February. Today's French bank state
ment showed 292,000,000 francs Increase
In note circulation, following the 474,000.
000 decrease of the three preceding weeks,
A year ago. contraction of 427.000.000
francs between January 7 and January 29
was followed by 459,000,000 expansion in
the ensuing week.
These European indications are by tio
means unimportant. First because they
are not altogether what fine would have
expected if the credit situation wan
actually easing, but also because of the
absence of that continuous decrease In til
currency which might logically have re
sulted from the trade reaction.
New York Quotations
Omaha. Feb. 3.
Cash grain prices suffered declines
all around today, wheat leading with
a break of 5 to 6 cents. Chicago
future market in this grain was off
several cents. The demand here
was limited. Com declined 1 to Vj
cents and oats were off Vt cent. Rye
prices were 2 cents lower and barley
nominally weak. Wheat and corn
receipts were moderate and oats
light. Some wheat was worked for
export via the gulf on today's break
in futures, said a Chicago wire.
Quantities were not given.
Buying of March wheat, of liberal
volume on the break in futures by
houses with export connections tem
porarily checked the decline, said a
Chicago message. Lack of general
demand was said to be a feature to
day in all the pits on the Chicago
market. Russel's News Bureau said
that Holland took 85,000 bushels of
corn today. Official -estimate of
acreage sown to wheat in France
shows an increase of 130,000 acres
with the condition 69 per cent. A
Brussels cable says that Belgium
has decided to open negotiations
with the United States, Brazil,
Argentine and, Roumania, with a
view ot having these countries take
lielgiuni manufactured articles .n
exchange for raw materials and ce
7o. 1 hunl: 1 car (special hilling, dark)
$1.41; 4 cars, $1.64; 1 car (loaded out),
No. 2-trard: 1 car,, $1.52; 3 crs. $1.51;
2 cars. $1.50; 1 car (smutty), 81.47.
No. 3 hard: S cars. $1.48.
No. 4 hard: 1 car, $1.46; 1 car (ship
per's weight). $1.44; 1 car, $1.42; 2 cars
No 5 hard; 3 ctrs. $1.41; S ars, $1.40;
2 curs (smutty), $1.38.
No 1 spring: 1 car (dark northern),
No. 2 spring:
No. 4 mixed:
No. 4 white:
No. $ yellow:
No. 4 yellow:
Jo. 5 yellow:
2 cars (northern), $1.36.
3 car. $1.38.
1 car, 49c.
1 car, 61c: S cars, 69,c.
16 cars, 48c; 1 car (no
2 ears. 47c: 1 car. 4ftUc.
No. t mixed: 1 car, Elc; 2 cars, 50 He;
2 cars. 60c. ' s
No. 4 mixed: 11 cars, 48c; 1 car. 47 He.
No. 2 white: 3 car. 37'-ir.
No. 8 whit: 4 cars S7'ic.
Xo. 4 whit: 2 cars. 36 He
No. 2: 3 cars, 31.32.
No. 3: 2 cars, $1.31.
No. 4: 1 car, $1.30.
Sample: 2-6 car, $1.25.
OMAHA RECEIPTS AND SHIPMENTS
Today Week Ago Tear Ago
PRIMART RECEIPTS AND SHIPMENTS
Today Tear Ago
Corn . .
Wheat . .
8 55 25.
4 60 4.
3 60 21.
Hogs Today's receipts of hogs wr es
timated at 11,400 head and the market
opened with a fairly ctiv demand and I
an upwara trend to values. Price ad
vanced une'enly and were nywher from
a. dim to 30e higher, with the heavy and
heavy mixed hog showing the least In.
provement. Bulk of supply changed hands
at a spread of $8.80(53.40, with best bacon
hogs making a packer top of $9.60. .
Sheep Only 1.400 sheep and lambs were
received this morning and no material
change occurred In any branch of the
trade. Fat lamb ruled steady to a quar
ter lower in spot, with fat sheep selling
on a generally steady basis. Lamb sales
wre reported from $4.26, th day' top,
on down to $6.00 for heavy 'lambs. Good
AWAa t?rJn f,,r r0"t UP to $4,260
4.60. Hardly enough feeder were shown
to make a test of values and this branch
of the market was nominal.
c.7n2S,i?n" hP: Best fat lambs.
89.00JI9.35: medium to good lambs, 88.75
.00; plain and heavy lambs, $7.7608 60;
-.fr.,!n ged wethers, $4.60
45.24; good t choice ewes, 84.25O4.60:
i? r.fPd w?" 'I-"-25; heavy ewes.
Sh. Pr. No. Av. Sh. ' Pr.
... . 00 60.. 287 60 !, 8 80
... 8 85 63..2K3 ... 8 90
70 9 OA 37. .860 ... f 05
I 10 , 67. .233 40 9 15
40 20 60. .214 . ... 9 23
20 68..2I31 ... 9 86
... . 40 68. .201 ... 9 46
9 60 74. .188 ... 9 60
$3 604J4.00: cull and canner ewe. $1.69fli
.0; feeding lambs. $8.008.T6; feeding
174 Colo 102
102 fed 114
18$ fed 148
TOO 429 fed
8 00 202 fed
China- Live Stork.
Chicago, Feb. 8. Cattle Receipts t.OOO
head; beef steers strong to unevenly high
er, mostly J5o up; nothing prime here;
- ' ' , ... -k, vuivuer bo,
stock and bull and stackers steady; bulk
fat cows and heifers, 14.7504.00; bologna
bull most $4.7606.26; canner cows
weak te lower; bulk. $3.00423.25; feeder
'?". trong; few choice heavy feeders,
17.78498.40; veal calves mostly 60c lower;
bulk, $10.00010.75; few choice shipping
calves, steady early.
Hey Receipts, 41,000 head; opening 10
te 16c higher: closed strong, 16 to 26o
higher; top, $10.40 oh light lights; bulk,
200 pounds down. $10.00010.26: bulk, 820
pounds up. $9.408.70; pigs, 10 to 25c
higher: bulk desirable 30 to 120-pound
pigs, $9.90010.14. v
Sheep and Lambs Receipts. 1S.900 head)
Killing classes unevenly 25 to 60c lower:
top lambs, $9.60; bulk. $.O04.26; ewe
tep. $4.75; bulk. $3.504.40; prime, 113
pound wethers. $4.75: choice hendy year
ling wethers, $4.26; bulk. $5.0O6.0O: no
feeder lamb sold.
Kaasa City Lire StArlc.
Kansas City, Mo., Feb. 8. Csttle Re
ceipt. 8,100; beef steer, steady to 26
cent higher, sales 8e.:406.OO; sh stork
mostly steady to strong; spots. 16 to 26
cant higher; few heifer. $6.76: choice
heavy cows, $6.45; bulk she-stock $4.54
4)5.50; all other classes mostly steady;
beat veal, ttl.00; good and choice. $9.60
0 10.50; stockera and feeders, 84.264J8.00.
Hogs Receipt. 7,000; lightweight, 10
to 15 rent higher: heavies, eteady to 10
t ....it- , i m ft a m t ft .
i.uia tunvi uu , win, -r.." -iru. i (i,
$9.0; packing sows and pigs, steady;
go. 1 and choice fst pigs, $9.760 10.00.
Sheep Receipts. 4.000; steady te strong;
handywelght ewe. $4.60; lamb moetl
steady to 35 cent higher; top, $9.60; clos
ing weak. -
' Sleus CUf Lira Stock.
Sioux City, la.. Feb. . . tattle Re
eelpts. 1,40 head) fed steer and yearlings.
$4.40 0 8.60; market slow. 26c lower; fst
cow and heifers 36.07.15; canners,
$3.7504.00; veals, 8S.6O04.W. feeders.
85.607.76; calves, 33.5008.75; feeding
cows and heifers, 13.04 0 6.21; Hookers,
$4.00 0 4.50.
Hogs Receipts. 7,644 head: market 140
I6c higher; light, 39.1008.46? ratxtd.
$8.980 9.30; heavy, $l.609 14; bulk ef
- Shoes and Lambs Receipts, 1,494 ktacU
Range of prices of the leading stocks
furnished by Logan & Bryan, Peters Trust
High Low Close Close.
A., T. & 5. -F Sl, MU Sl'i 81,
Baltimore & Ohio. 33', 33
Canadian Pacific ,114V 115
68 , 5
N. T. & H. R.
Erie R. R
Ot. North.. 7fd....
Chi. Gt. Western.
Illinois Central .,
M., K. T
K. C. Southern...
I4V T.. N. H. & II
North. Pac. Ry...
Chi. N. W
Penn. R. R
Reading Co. ......
C'R I. & P
South. Pac. Co. ..
r i a Ki P 57
rCi D.niru 11 ' 1114. 118 119
Wabash 7 7 7i 1
Am. Car & Fdry,.12H4 120 120i 151U
A s-rhaimers ... 3wl jjis
Am. Loco. Co. 81 81 81
Baldwin Loco. Wk. 88. 86 86 ?t
Beth. Steel Corp... 66 SS 65
Colo. Fuel Iron... 29 29 29
.Crucible Steel Co.. 91
1 ICnunH.. .10 30 30
Lark. Steel Co.... 53 62 62
Til id vale Steel A O. 30 30 30
Pressed Steel Car.. 92i 92,
Rep. Iron & Steel. 44 4
Sloss-Shef. S. & I. 60 60
U. S. Steel 82 81
Anaconda Cop. M. 88 S
Am Smlt. A Rf.. 42
Chile Copper Co.
Chino Copper Co.
Miami Copper Co..
x: ... rnn, fnnn.r
Ray' Cons. Copper. 13 3 3
L'tah. Copper Co... 66 6
Am. Beet Sugar . 41 41
A.. O. & W. I. S. S. 47 61
Am. Inter. Corp... 46 A3
Am. Sum. Tob 79 - 78
Am. Cotton Oil Co. 22 21
Am. Tel. Tel... 49?. 94
Am. Z. Ld. & 8m. 9 8
-Brook. Rap. Trans. J3 12
American Can. Co. 29 29
Chandler Mot. Car 70 69
Central Lcath. Co. 40 29
Cuba Cane Sug. Co. 21 21
Cal. Packing C....-l 6'
Cal. Pet. Corp 84 33
Corn Prod. Rfg. Ce. 70 6S
Nat. En. St ' ....
Fisk Rubber Co.. 14 14
Oen. Electric Co.. 127 127
Gaston Wme. A Wig 3'. 3
General Motor Co. 14 14
Goodrich. Co 40 40
Am. Hd. A Lthr. Co
Has. Brkr. Car.. ....
U. 8. Ind. Ale. Co.. 48 t?
Internet. Nickel.. 15 la
Interns t. Psper Co. 68 66
AJax Rubber Co.. 35 3
Kelly-Pp'fleld Tire. 46 4a
Ker. Tire Rub. 13 13
In nat. Merc. Mar.. 14 14
J. Mnln, Cn. 6V 6
Mey. Petroleum... 136 153 153 156
Middle Slates Oil 33 13 "
Pure Oil Co...;.. 34 34
Willys-Over. Co.. 8 7
Pierce Qll Corp.. 11 10
Pan-Am. PetATns. 74 72
Plerce-Arrow Mot. 25 24
Roval Dutch Co.. 61 59
U. S. Rubber Co.. 68 47
Am. Sugar Rfg. Co. 91
Sinclair Oil A Rfg. 23
Sears-Roebuck Co. 87
Stromsberg Car. Co. 36
Studebaker Corp.. 6
Tr.b. Products Co. 63
Trans.-ContL Oil.. 9
Texas Co 43
U. S. Food. Pr.Crrp. 23
V. S. Bra.. Rfg. A M. S4
The White Mot. Co 38
Wilson Co. Inc
West'gh'se Airbke. 94
Western Union. .SuS. .ou anrthera hantrh
W t gh Be El. A Mfg. 45 44 44 45
Am. Woolen Co... 65V- 45 65 65
Total sales, 588,400.
Money ..,..-.... S
Chicago. Feb. 3. Potatoes Steady; re
ceipts. 38 cars; northern whit sacked,
$1.001.10 curt.; bulk, $1.2001.26 cwt.
Receipts Today Year Afro
Wheat 454 000 195,000
Corn . '""
CHICAGO CARLOT RECEIPTS, v
Today Wk. Ago Tr. Ago
Wheat 15 22 , :13
Co'rn 295 409 146
Oats 72 67 73
KANSAS CITT CARLOT RECEIPTS.
Today Wk. Ago Tr. Airo
Wheat : 105 176 125
Corn 28 37 63
Oats ......at 8 8 .6
ST. LOUIS CARLOT RECEIPTS.
Teday Wk. Ago Tr. A3
Wheat , 70 82 78
Corn 47 , 133 87
Oats ..." .. 27 83 43
NORTHWESTERN CARLOT RECEIPTS
Today Wk. Ago Tr. Acn
Minneapolis 148 279 . 332
Duluth ,- 128 24 3
Winnipeg 369 463 225
CHICAGO CLOSING PRICES.
By L'pdlke Grain Co.. Doug. 26:7. Feb. 3.
Art I Open. I High. I Low. Close. Yes y
1.57! 1.671 1.53 l
1.4S 1.43 1.43 S
12.10 112.20 112.05
Minneapolis Grain. I
Minneapolis. Feb. 3. Flour Unchanged
to lOo higher. In carload lots, family
patents quoted at $8.85 09.10 a barrel In
98-pound cotton sacks. 1
Wheat Receipts. 168 cars, compared
with 333 cars a year Rgo. Cash: No. 1
northern, 81.51 1.65 ; March $1.40;
Corn No. 3 yellow, 50t51c.
Oats No. 3 white, 35 0350.
Rye No. 2, $1.36 01.37.
Flax No, 1, $1.751. 74.
. At. Louis drain.
v St. Louis, Feb. 3. Wheat March,
$1.56; May, $1.46.
Corn May, 66c; July, 67c.
Oats May, 41 c: July. 42c.
Kansas City Grain. .
Kiiua City, Mo.. Feb. 3.' Wheat
March. $1.46; May. $1.39.
Corn May, 68c; July, 61c; Septem
Omaha May Market.
Omaha, Feb. t.
Receipts of both prairie hay and alfalfa
have been liberal for th last few days.
While demand is fair to good on better
grades, the urwer grade are moving slow
ly and price are lower on account of poor
demand. Oat and wheat straw easier and
Hay Upland prntrle: No. 1, $10.00
11.00; No. 8. $9.10010.00": No. 3. 87.00(h)
8.60. Midland-. No. 1, $9.50010.50: No. 2
$6.0009.00. Lowland: No. 1, JS. 006 9.00;
No. 2, $7.0008.00.
Alfalfa Choice. $22.00024.00; No. 1,
$19 00021.00; standard. $14.00018.00", No.
2, 811.64013.60; No. 3. $10.00011.00.
Straw Oat, $8.5009.00; wheat, $8.60
New York Money.
New Tork, Feb. 3. Prime Mercantile
Paper 7 per cent.
Exchange Easy. ,
Sterling Demand, $3.84; cables,
Francs Demand. 7.0.7c: cables. 7.0r.
Belgian Francs Demand, 7.42c; cables,
Lire Demand 8.64c; cables, J,66c.
Marks remnd 1.40c ; cables, 1.61e.
Greece Demand. 6.95c. y
Argentina Demand, 35.60c.
Brazilian Demand. 1542c. '
.-Montreal 10 per cent discount.
Time Loans Firmer; 40 days, 90 day
and six months, 7 per cent.
Call Money Strong; high, 9 per cent;
low,. I per cent: ruling rate. 8 per cent;
closing bid, 8 per cent; offered at I p;r
cent; last loon. 9 per cent.
New York General.
New-Tork, Tb. 3. Wheat Spot weak;
No. 2 hard, 21.79 c. L f. track New Tork
and No. 2 mixed durum, $1.71 c. I. f. lo
Corn 8pot easy; No. 2 yellow, 82o
and No. 2 mixed, !2o c. I. f. New Tork
Osts Spot weak; No. 1 white, 53c. ,
Other articles unchanged.
f Chiracs Produce.
Chicago. Feb. 2. Butter Lower: cream
ery extras, 46c; standards, 44c.
Eggs Lower: receipt 16,492 esse;
firsts. 49048c; ordinary firsts, 450
46c: at mark, cases Included, 47049c.
Poultry Alive, unsettled; fowls, 30c;
springs, 30c. i
Tiondon, Feb. 3. Standard, copper. 168
!!; 'ctrolytle. 78; tin, 115s 16; lead,
122 10s; sine, 12$ 15s,
By CHARLES D. MICHAEL.S.
Chlrago Tribune-Omaha Bee I.eaed V Iro.
Chicago, Ffi). 3. Highest prices
tor grams were nmtie early, with a
break later that carried prices down
well toward previous lows and made
a close with a distrustful feeling and
net losses of tc 4'ic ou wheat,
'A to on com, ! to )ic on oats,
iYi to 3c on rye and J jc on barley.
A great deal of pessimism was dis
played by the trade in general, but
it was largely on the same character
of conditions as for some time past.
Whenever the markets show weak
ness it always appears. A feature
of the trading was the poor buying
support after the early show of
strength and good" advance over the
previous day's finish. It was largely
the result of buying by local opera
tors wta believed that prices were
low enough, but when the tid
turned they became sellers and as
sisted in making the late decline.
Receipts, 10 cais.
Show Cash Demand.
One trouble with the corn market, as
most operators see it, is the slow cash
demand from ths east, although the sea
board took 68.000 hushcls and domestic
buelncps was 13.000 bushels. The country
Is helling in spots and cash discounts were
v.-riikcr to the lowest on the crop so far.
Tho hedging business continues, with
speculators lnkl:ig the gales on Die belief
that prices are rels lively so low that
they cannot go much lower. Arrivals were
291 cars anil seaboard cloarances 163.000
bushels. Cash prices were to 2e low
er here and" much lower in the south
west markets. Feeders are all losing
money, despite the low -prices for corn.
Oats were down to noarly the previous
low point on the crop, with commission
houses leading ,he selling. Buying of
July and Bulling of May at c difference
furnished a good part of the trading. The
clcso was at intermediate prices. Cash
prices were off to 1c. with shipping
sales 34.000 bushels. Arrivals. 59 cars.
R.ve trading was light with little new
miriness coming in. Cash prices were
10 to 12c over May. No export business
was reported. Timothy seed slow sale
at $4.50 to $(1.00.
News was i:ilxcd. Export buy
ing was in evidence. with a
large amount of wheat and two cargoes
of flour sold iibroaU. Itsly and several
other countries beinsr in the market. Half
of the wheat ualea were new business,
Portufual takins some In the United States
ad Rome In Argentina. Shipments from
the latter country for the week were
1.044,000 bushels against 4,602,000 bushels
last year. More demand for flour was
reported from the- east and 8t. Louis. The
milling demand wai fair with 44,006 bush
els sold here.
Selling ot wheat came mainly from the
east and at tho last the large local oper
ators who bought curly became free sell
ers and aided in the decline. Primary
receipts, were under last year's and ec
port clearances, 45C.O0O bushels.
Expert sales of wheat in all positions
were 1,000.000 bushels, of which 600.000
bushels was liew business and the hl.
auce against short sales abroad. The lat
ter wneat was sold for export 'via the
gulf, but the grain could not be bought
there and it was necessary to secure if
t the- Atlantic seaboard. Some Chicago
i nra soin ai sec over March, track
New Tork, and later 25o over wa bid.
Italy was after wheat lat-ir h
apparently having Icen unable to secure
the amounts needed during the sesBlon.
Holland bought 85,000 bushels corn at the
seaboard, and local handlers sold 65,000
Premiums on ciian wheat i. iu4n
lower with No. 1 hard Quoted at 6ai7Uc
over March, while springs were l4o
lower with -No. 1 northern. 38)8c n.
March. No. 1 red unchanged at 25(B30o
over. Red winter at St. Loui was !a
6c lower, and at Kansas' City unchanged.
Hard winter in the latter jnarket was off
24i! and ot riii,.h i r
Turpentine and Rosin. ,
Quiet. 92c: receipts. "l5 bbls.; no sales
shipments, 92 bbls.; stock, 15,498 bbls.
Rosin Ouifft a-1 . ,u.i.i. ,n
casks; shipments, 2 casks'; stock, 83,326
Quote B. T. K V. G. IT. 1K. M. X.
WG. WW.. $11.00. -
New Tork, Feb. - 3. Bar Silver Do.
mestic, 99cr foreign. 63c
.Mexican i-wnarf 4Sc,
New York Cotton,
New York. Feb. 8. The cotton maYket
was unsettled d urine; todav's earlv trnrilnr.
owing to continued ' unfavorable British
trade adlces, es.terday's advance in call
money Tates and reports of tight credit
conditions i.i some tmrts nf th,vunth
The openitic- was baraly steady at a de
cline of 13 to 33 points,' with March up
iioin j.i.wc to j.'.Mic and reacting to
13.4Sc. Later month) showed similar fluc
tuations., with July selling off from 14.33c
to 14.20c. or about 30 point net lower.
All months made new low ground for
the movement on continued llonlriatlo-i
and Wall slr-et seiliiiK. The weakness of
grain was also an unsettling factor on
the break, which extended 45 to S3 nolnts
A Rllght midday rally was checked hv
reports of an easier snot basis In tli
southwest, the .market belling off to 60 to
ou points net inv.er.
Foreign Kxrhange Bale.
Following are today's rates of exehsni
as compared with the par valuation. Fur-
nisaeu oy me reiers .National bank.
Par VaL Today
Germany . . .
Norway . . . .
New York Sugar,
Now Tork, Feb. 3. Tha feature of the
raw yugar market today was the fact
that the Royal commission was again In
the market and had made purchases late
last week of 100 000 to 120,0000- ton of
sugar In Cuba for March-April shipment
at 4 cents f. o. b. tho Island. , There were
no changes in local prices, however, which
were quoted at 3c c. i. f.r equal to 4.52c
for Centrifugal, but the undertone seemed
to be a little steadier and offerings were
less aggressive at the close. There were
sales ot 22,800 bags of Cubas, 3,150 bags
of Barbados and 1.600 bags of San Do
mingo to operators and refiners at the
3 cent level for Cubas. .
IJberty Bond Price.
New Tork, Feb. 3. Prices of Liberty
bonds at noon were: 3s, 41.887 first 4s
86.50 bid; second 4, 86.30; first 4s,
87.00; second 4s. 86.60; third 4,
89.62; fourth 4s, 86.90; Victory 3.
97.22; Vletor 4, $7.20.
Liberty bonds closed: 3s. 91.84; first
ts.- 86.80 bid; second 4s, 86.60; first 4s,
87.00; second 4',s. 86.42; third 4s. 89.84;
fourth 44s 86.64; Victory 3, 97.16;
Victory 4 "is, 97.14. . ''
St. Joseph Live Stock.
St. .lo-eh. . tec. ttle Re
ceipts. 1,200 head: market steady to 15e
higher; steers, $6.0008.25; cows and heif
ers. $3.007.60; calves. $6.0009.50.
Hogs Receipt 6,600 head: market 10
020c higher; bulk of sales. 39.1 0 9.70.
Sheep snd Lambs Receipts, 32,6i)0
head; market steady; lambs. JS.00SS.2o;
ewes, $1.004.76. v
Kansae City Produce.
Kansas City. Mo.. Feb. 3. Eggs 10 2c
lower; firsts. 46c: seconds. 41c.
Butter Creamery, lc lower, 61c; pack
Bonds and Notes
American T. A T. Co. 4s, 1922 96 8.25
American T. A T. Co. 4s, 1924 4! 7.40
Anaconda 7s, 1939 94 4.05
Argentine Sterling; 4s, $44. per 200 bond
Armour 7s. 1930 Tv H '3-53
Belglsn Government 5s. 1946 ..100 7.95
Belgian Government 7s, 1946 97 7.75
Bethlehem Steel 7s, 1922 ....100 7.00
Bethlehem Steel 7s. 1923 .... 98 7.80
British 6s, 1922 95 7.93
British 5s, 192") 88 7,. 35
British 6Ss, 1917 86' 6.90
C. C. C. A St. L. 6s. 1923 ... 90 7.70
C. B. & Q. Jt. 4s. 1921 97 8.0
Cudahy Packing 7s, 1929 99 7.4.1
B. V. Ooodrlch 7. 1925 81 9.70
French Government 8s. 1945 .. 98 8.05
Japanese Gov. 4i. 1925 81 10.30
Jupanese Govern. 4s, 1931 ... 42 10.05
Norway 6s. 3940 100 7.95
Morris A Co. 7s. 1930 98 7.75
N. Y.Central 7s, 1930 103 6.56
Pennsylvania R. R. 7s. 1930 ...106 4.30
V. 8. Rubber 7s, 1930 99 7.60
Swedish Government 6. 1939 81 7.90
Swift A Co. 6s. 1451 99 7.65
Swift At'o. 7s. 192i 9 7.80
Western Electric 1. 1925 100 7.00
Swiss Government 8s, 1940 ..,1024 7.70
Denmark (is,J4S 99 8.06
VXcstinghoua Elcc. !, 1931 ... 98 7.05
Methods of War
Probe Are Again
Scored by Dawes
Says Committee Could Serve
Belter Purpose by Investigat
ing Home Waste Women
Fail to Stop Profanity.
Washington, Feb. 3. Another
broadside was let loose by Charles
Dawes today against the congress
ional methods of investigating the
conduct of the war.
Attacking what he characterized
as a partisan attempt to blacken the
name of the American army because
of the blunders' of a few, the former
brigadier general in charge of sup
ply procurement in France declared
house committees could serve a more
useful public service by turninir the
searchlight on the waste of millions
of government dollars, right under
Women in the crowded committee
room failed to prevent Mr. Dawes
from swearing like a "buck" private.
He strode about, hitting harder than
he was hit and swearing madly
when he construed the questioning as
a reflection on any section of the
fighting outfit of which he was a
Mr, Dawes did not conceal the
feeling that he was having a good
time. At times the room was in an
uproar of merriment, and the echo
of oaths swept down the long corri
dor as he turned his wrathful lan
guage upon critics of the war who
stayed at home.
Probe No Longer News.
Referring to investigations by the
house, Mr. Dawes said he thought
the people were sick of them.
hy, there is no longer, any news
in it," he shouted. "If I was not
here, strutting around and swearing,
there would be none in this. I don't
forget it was an American war, not a
republican and democratic war and
the record of the glorious work of
our army will live hundreds of years
after your committee is dead and
gone and fprgotten.','
When the name of General Per
shing was brought up. Mr. Dawes
could scarcely control his anger.
'There were hounds in this coun
try," he declared, "who tried to
spread the false news that Pershing
was at a theater the night of the
armistice. He was there, like hell.
He was at his office, starting the
work of cancelling vast war con
tracts to save money. It will take
25 or Sft years for Pershing to get
his place in history, but , let me tell
yrw the time wjll come "when every
doughboy overseas will be proud to
say he was one of Pershing's men.
"You can try to give me all the
hell you want I like"it. You kick
because I sold a lot of second-hand
junk to the French goverrrment for
$400,000,000" instead of keeping 40,
000 soldiers there to guard it while
we tried to peddle it. Mv conscience
hurts me sometimes when I think
we charged them too much."
Gives Full Credit.
Mr. "Dawes said he was "a repub
lican, but was broad enought to
give the War'department full credit
for its work in. getting more men
to the front thaii France and Great
Britain put there in the-same period.
Then, he jumped on the department
and denounced, it. for its refusal to
permit promotion pf men in th?
ranks. The rule by which men,
eager to' go overseas, but kept at
home, were required to wear silver
stripes, was characterized as one of
the most disgraceful acts of the
NMr. Dawes said it was all right
for congress to try and find and
punish, men who made mistakes in
the stress of the war, but told the
committee it would get nowhere
and that the ' public was not con
cerned with those mistakes now.
"And they are trying to say Per
shing permitted the sacrifice of
thousands of lives 'on Armistice day.
It's the most damnable lie ever ut
tered . And it's all right to sit back
here, viewing from a partisan stand
point, the work overseas, when if
you people so free to condemn had
been -there you might have done
just as we did or worse. Liquida
tion? Why hell men, we liquidated
everything. There wasn't anv wil
ful destruction of property in France
as this committee has tried to show.
The junk we couldn't sell was given
away it was cheaper than burning
or burying it. They pinned one of
those medals on mcf but it had a
damned sight better gone to some
poor1 devil in the ranks who better
Fail to Find Burglars
Beatrice, Neb., Feb. 3. (Special.)
County officers have been unable
to get any trace of the men who en
tered four stores at Liberty Tuesday
night and carried away loot valued at
Of Luxury Tax
Resolutions Adopted at Final
Meeting Endorse Work of
Prosperity Bureau and.
Eagle Eye Spots Number of
Taxi Breaking Traffic Law
Assistant City Presicutor Perry
Wheeler was on his way to South
Side police court.
A Brown taxicab dashed by and
Perry's ever watchful eye satf it
pass a street car unloading passen
gers at Twenty-fourth and E streets.
He noted the license number.
When he reached headquarters, he
looked up the number, found the
driver was John Blair, 1721 Chicago
street, and called the company.
They sent John over to court.
And Judge Dunn fined him $5.
Man, Taken III, Staggers
Into Police Station for Aid
"Staggering into South Side police
headquarters Wednesday night, his
face distorted with, pain, Edward
Collegan of Minneapolis, Minn.,
asked aid. He said he had been
taken suddenly ill while walking
near the station.
Police surgeons diagnosed his ail
ment as acute indigestion and took
him to the South Omaha hospital
for treatment. His sister, Mrs. H.
S. Kecne, 2023 Thirty-second ave
nue, south, Minneapolis, was notified.
South Side Brevities
tlllnol coal, $11. Ilowlsnd Lumber A
Coal Co., phone South 114. Adv. -
COAI, IN A HCBHT. CALL BROAD
WELL ROBERTS, SO. C660. Adv. V
A banquet given by the Men's Ap
parel club of Nebraska to the" State
Retail Clothiers' association closedt
the conventions of these organiza
tions at the Hotel Fonteiielle last
night. Entertainment was furnished
by John A. McCreary and Jack
Conuers. Both groups will fneet in
Omaha again next year.
Resolutions adopted by the retail
ers ende-rsed the campaign of the
national prosperity bureau, called for
repeal of the luxury tas, supported
corn meal week and. criticised the
newspapers for .alleged unfairness.
The last mentioned resolution rends:
"Resolved, that we condemn the
unfair propaganda indulged in by
the public press inveighing against
the retail merchants of the country."
Opposed to Sweat Shops.
That the clothiers of Nebraska
are unalterably opposed to the res
toration of sweat shop conditions
in the factories of New York City
was evidenced by the hearty ap
plause that greeted a paper read by
William L. Holzman, treasurer of the
Nebraska Clothing company of
Omaha. This was a communication
from Sidney Ilillman. president of
the Amalgamated Clothing Workers
of America, calling attention to the
fact that 65,000 clothing makers are
out of work in that city through the
breaking of contracts by the factory
"On the existence of a proper in
dustrial structure depends the wel
fare of the country," Mr. Hillman
wrote. "Is the law of the jungle to
prevail, or is industry to be gov
erned by orderly rules? If one-half
the energy now spent in industrial
warfare could be diverted into co
operation, most of our problems
could be solved.
Scores Reduction Methods.
"Shall we go on heedlessly and
drift into catastrophe, or shall work
ers, employers, consumers and the
state get together on a fair basis? A
year ago laborers were accused of
not pfoducing enough, but now the
only people to cry "produce, pro
duce," are the unemployed. When
the government was waging a cam
paign to bring down prices, it was
not gone about scientifically, but
politically. Now the quack phy
sicians have another label on the
patent medicine bottle, saying, 'union
baiting, labor smashing."
Mr. Hillman included a number of
editorials from the New York papers
throwing the blame for the condi
tions in the New York clothing fac
tories on the employers and accusing '
them of tearing down a system of
arbitration that had bi ought peace
to the industry, in hope of bringing
back sweat shops,
Discusses Customers' Credit'
J. W. Metcalf, manager of the
Retailers association of Omaha,
spoke on customers' credit. Carl E.
Herring,- an attorney of Omaha,
gave, an address from the point of
view of the , customer. Bruce Mc
Culloch, editor of the Omaha
Journal Stockman, brought the mes
sage that Nebraska is not going to
suffer from permanent lack of pros
perity as long as corn and hogs
continue to be raised.
Two Omaha men were cltosen as
ofhrers of trie retailers. L. A.
Leppke of the Nebraska Clothing
company was re-elected secretary
treasurer. R. E- Wilcox of Wilcox
k Allen was chosen, a director. E.
L. Smith of McGce's at Lincoln was
elected president, and Percy Cogs
well of Alliance was made vice presi
dent. The Apparel club, whose member
ship is made of traveling salesmen,
chose 'the following officers: Presi
dent, Dan J. Dorsey, Omaha: vice
presidents, E, A. Schloss, ,W. H.
Scott, Joseph Sauerbach, L. II.
Metzlcr. J. A. borenson.
Officers of pacific
Fleet Are Entertained
By Chilean Government
Valparaiso, Chile, Feb. 3. Cere
monies in celebration of the visit
of the United States Pacific fleet
were transferred here when Presi
dent Alessandri and his cabinet ar
rived to call on Admiral Rodman,
commander, on the New Mexico, his
Twenty-five United States war
ships are in tha harbor and all
donned official full dress.
Officers of the fleet were enter
tained at a garden party last night
by Chilean naval officials. Chilean
army and navy bands furnished
. Committees of Chileans here and
in Santiago, assisted by members of
the American colony and the navy
Y. M. C. A., arc caring for hundreds
of United States sailors on shore
leave. Public Gambling Halted
At Alliance by Officers
Alliance, Neb., Feb. 3. (Special.)
Poker games, slot machines,
punch boards and similar semi-gambling
machines, are under the ban
of the Alliance authorities, who have
issued orders to a number of clubs
snd soft drink establishments to
eliminate this form of amusement
for their patrons. Chips used in
exchange for merchandise at th.
clubs have been discarded and every
slot machine and punchboard in
town has been removed.
Lexington Mill Officer
Is Arrested in Texas
Lexington, Neb., Feb. 3. Word
was received here of the arrest in
Victoria, Tex., of J. M. Robinson,
on a charge of obtaining money
under false pretenses, by selling
stock in the Great Western Chemi
cal and Alfalfa Company of Grand
Island, which recently went into the
hands of a receiver. Robinson's
brother, C. M. Robinson, former secretary-treasurer
of the company,
was recently arrested in Colorado
and returned here on a similar chage.
Fremont Welcomes iNew
Pastor to Lutheran Church
Fremont, Neb., Feb. 3. (Special.)
Dr. Carl GU Aue was formally in
troduced to nis new congregation
of the Salem Lutheran church. Dr.
Aue comes from Louisville, Ky, He
was welcomed on behalf of the
church, the other clergy of the city
and the Commercial club.
Jap Opposed to
Davis Land Bill
University Graduate Explains
Conditions in State a no
Warns Against Inter .
Lincoln, Neb., Feb. 3. (Special
Telegram. H. Kano, Lincoln coun
ty Japanese farmer, and a Ncbras
ka university graduate, pleaded in
broken English today before the
house judiciary committee to have
Nebraska keep her hands out of an
international problem and permit the
big statesmen of the two countries
to fornyilate a future for the Ja
panese in America.
Kano appeared before the coin
mittee in an attempt to get the Da-
vis land bill, aimed at Japanese in
Lincoln county, killed. He testi
fied before the committee that there
were 500 Japanese in Nebraska, and
that in Lincoln county, which is the
home of Renresentative Davis. Ja
panese own 300 acres of land and
lease 3,000 acres. Kano lives at
"There is no vellow menace in
Nebraska," he said. "Those tf us
here are too smart to permit one
and we have a society in the state
which will see that the Japanese
population in Nebraska will de
crease rather than increase."
The Davis bill provides that aliens
who cannot become citizens cannot
own land in Nebraska, but that
their rights as set out under treaty
agreements shall not be tampered,
with. The present land owned by
Japanese would be condemned and
purchased by the state at the. orig
inal prices paid for it, under the Da
vis bill, according to a statement by,
a judicfary committee member.
r-i i ci i r ... nr ci..n'.i.
run, of North Platte also appeared
before the committee to plead for
the retention of the property which
Nebraska Japanese have improved.
The judiciary committee has not
made a report on the bill.
Douglas County Campaign
For Farm Bureau Starts
Elkhorn, Neb., Feb. 3. (SpetTal.)
Douglas county forged to the front
in the campaign for members in the
Nebraska farm bureau when 135 new
members were added. At the open'
ing meeting 300 farmers from dif
ferent sections of the county attend
ed to hear Gene Sullivan, one of the
organizers in Nebraska. Dr. II.
'Pritchard of Elkhorn and L. I.
Frisbie, boys and girls' club leader
of Nebraska, also spoke at the meet
ing. C. S. Lamson is in charge of
Beatrice. Mill Company
Manager Dies in Sioux Falls
Beatrice, Neb., Feb. 3. (Special.)
A. R. Dempster, one of the incor
porators of the Dempster Mill
Manufacturing company of this city,
and a brother of C. B. Dempster of
Beatrice, president of the concern,
died suddenly at the breakfast table
t I. 1 . i C: 17-1, C T
hi iiis iiouic ai oioux i' iu.-, O. Ut
Mr. Dempster after leaving Beatrice
became manager of the Dempster
branch house at Des Moines and
was Ister transferred to Sioux Falls.
SHOW THIS TO DURDEALER
T t A . saK . 8Jt8fc m. - . . s gf . H4a e-assism -N . A SM A Asassarf ss
WAJL JJlAJrlAiC T UVWVD MEATS
If your dealer doesn't handle these delicious appetizing canned foods he is
not looking after your best interests.
. No doubt your dealer will get you a generous supply if ybu insist! Thou
sands of other dealers in every quarter of the country, are selling this whole-
j some, guaranteed pare,' Canned Corned Beef and Corned Beef HasH, and
are glad to serve and save for their customers.
Not only do they maintain the good-will of their patrons by doing so, but
they realize a legitimate profit at the wholesale prices listed elsewhere.
Profit by the savings ' resulting from the purchase of these nourishing
meats. You need them! r
Don't foreet! After you have sent the children
to school, tidied up the house, etc., etc., put on
your" wraps and see your dealer immediately,
v Don't put it off till tomorrow.
ar printed below,
THE WHOLESALE PRICES
They will fiva you gome idea el what you will sir oa
CORNED BEEF HASH
1 lb. can. ISe per can
2 lb. caas, JOc per can
No. 1 can, l$c per can
No. 2 can, 27c per caa
1 lb. caa. 18c per can
C lb. caa. Si. 00 per can
TABLE OF DISCOUNTS
Discount to apply ea til purchase of. iiirplut canned metta on and attar
November IS, 1920, ar a followi : '
$ 250 to 11,000 . net
1,001 to 2,500 S per cent ,
2,501 to 4,000 t 10 per cent
4,001 and over. 20 par ceat
Th Government will pay freight on carload lota to any point in th United
Stat located mora than twenty miles from shipping point.
CUMULATIVE PURCHASES COUNT
When purchase reach $50,001, 24 net to prevail; when purchase reach
$100,001, 287a. net to prevail; when purchase reach $500,001, 31 net to pio
vailvhen purchases reach $1,000,001 and over, 15 net to prevail.
MINIMUM ORDER ACCEPTED, $250
Dealers' orders should
be sent ttr Depot
Quartermaster, at the
Brooklyn. N. Y, JJth Sk and first
Boetoa, Mas. Army Sapply Bat.
CUcafo, lit. 1811 W. lts 8t
Atlanta. Ga Transportation Bldf
Saa Antonio, Tx.
San FrsBcisca, Calif.
SURPLUS PROPERTY BRANCH
OBoa of th Quartermaster General.
Washlarton, I D. C
1 JiyJ-lll' I
vw w. , nt,LRw
Buy It by the Case
WAR DEPARTMENT CANNED MEATS
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