THE BEE: OMAHA. FRIDAY, FEBRUARY 25. l'JL'l.
11
Four Dye Experts
Jailed in Germany
For Aiding U. S.
Men of International Scien
tific Repute Face Criminal
Charges Alleged to Have
(liven Formulas.
By HOLLAND.
How greatly Germany is depend
ing upon thr manufacture and export
her foreign trade, especially trade
with tlie I'nited States, is demon
strated by the issuing at Cologne of
warrants for the arrest of four ex
perts, who are regarded as among
the ablest of German experts in the
manufacture of chemicals and dye
Mutt's. Since the armistice was signed
the assertion has been frequently
made that Germany counted upon
lier export of dye stuffs in sonic
measure for the rehabilitating of her
industries and on aiding in her em
barrassing economic situation.
tii ......... t t ' e
i tie united Mates nas oeen cniei
among the customers of Germany
for dye stuffs. England has also
imported in large amounts dye sin
of German manufacture. But wtien
the war came and put an enforced
embargo upon imports of German
dvc stuffs men of science and men
of capital in the United States, be
gan experiments in the hope that we
might in this country work out
formulae whereby in due time we
could manufacture dye stuffs fully
. good as those which were made
in Germany.
Improvement wen made until at lHBt
It whs reported that with a fnw excep
tions thn American manufactured dyt'9
were ss good as those which we formerly
imported from Germany. '
The Du l'ont do Nemours company of
AVUmlnutnn, lel., was willing to Invest
millions In tho catiihllshment of Ameri
can dye works whose product would, it
vi as believed, equal the best dyos that
came from Germany. Evidently (lermany
has been Informed of this enterprle of
the WIlmlnRlon company and 8he has
been told that already the American prod
uct in commanding no small part of tho
American markets This Information fid
lowed bv certnln investigations which are
diluted to hv been made, caued the
tii rinan Kovonwnent nr Its representatives
to ask for warrants, criminal In character,
which would cause the arrest ami trial
of four experts who are now in the em
ploy of the Du l'ont de Nemours "com
pany. Thess four men are of International
Sfinntiflo repute. They have gained ex
cellent reputation not only from their
achievements but from their character.
Yet Germany now accuses them of hav
ing tnrnert over to the Wilmington com
pany various receipts and formulae which
they had secured in Germany while serv
ing h leail'.tit; chemical company of Ger
many. They are also accused of improp
er !y 'securing various drawings and docu
ment. Undoubtedly ithe experts did bring to
the United States their expert knowledge
which related to the German manufac
ture of dye stuffs. Put they believed they
betrayed no secrets because the Informa
tion which they brought to this country
was based upon the fact thnt they them
selves carried oni the research work by
means of which these dye stuffs formulae
were obtained.
There is abundant precedent which Jus
tifies the bringing to the United States
of Information respecting secret European
Industries which vfould be of use tn our
industries and In fact has already been,
in this way of great use, if only the In
formation is purely mental and fortified
by memory.
Shortly after this nation was established
Samuel Winter who had been an operative
. one tit the Lancashire cotton mills of
T'.snd came to the United States.
Slater brought with him no models and
not any documents or drawings. Had he
attempted to do this he would have been
detained at Liverpool. Memory served him
for he was able to set-up a cotton mill
In Rhode Island and equip It with looms
made by himself, which were in every
respect similar to those which were In
carefully-guarded use In Lancashire. 1r.
that way cotton manufacturing in the
United States began.
AVhen Marshall Jewell was minister from
this country to Russia, he happened to
mention thnt as he was himself a, tanner
and a manufacturer of leather he would
be glad if he were permitted to visit
Borne one of the tanneries in Russia whose
output was the so-called Russia leather.
That was manufactured by ff secret proc
ess. Governor Jewell was told that he
might visit one of the factories, but with
the understanding that ho was not to take
away anything which would enable him
to make report which would tell how Rus
sia leather was manufacured. When ho
returned to the United States he began
the manufacture of Russia leather rely
ing wholly upon the Intimation which
through the sense of smell came to him
respecting the manufacture of Russian
leather.
, York Cotton.
Chicago Tribune-Omaha Bee leased Wire.
New York. Feb. 25. Pessimistic advices
from Manchester, weak cables from Liver
pool, unfavorable reports from domestic
mill centers and recessions in foreign ex
changee, promoted moderate general sell
ing at the opening of the New York cotton
market and first prices were unchanged
to 9 points lower. Demand came from
some of the spot interests and from Wall
street, but was comparatively limited and
later qurtatlona eased to a net loss of J
to 20 points. A private cabOe from Liver
pool said that bankers were pressing for
payments and that more Lancashire mills
were closing.
Active months sold 44 to 68 points net
lower before the break was checked.
There was good buying at this decline,
partly for continental account, while
Japanese Interests were active buyers of
July, and prices rallied 10 or 3 5 points.
Reports that southwestern bankers were
urging liquidation of cotton, grain and
..ttA 1 n aH.. that f.rm.r. .nleVit FAitiidA
their obligations, were followed by more
active and general selling here later In the
morning. There was also selling on re
ports that 100 bales of American cotton
ware being shipped back here from Liver
pool for delivery on contract, and stop
loss orders were uncovered on the break,
which carried May into the new low
ground for the season, and later deliveries
into new low ground for the movement.
May sold off to 1J cents and July to
13.45 cents, with active, months showing
net losses of about 35 to 45 points. I
Liberty Bona Prtcea. 1
New York, Feb. 24. Prices of Liberty
bonds at noon were: SHs. 1.04; first 4s,
S7.14; second 4s. S6.6; first 414s, S7.20;
second , 6.60; third 4is. 90.00; fourth
4Hs, .9:; Victory Z, S7.38; Victory
4,s. 97.40.
Liberty bonds closed: SHs. 90.94: first
4 87.14 bid; second 4s, 86.66: first- 4 Us,
87. t; second i'it, 8.6S; third 4s.
90.08; fourth 4 Vis, 86.74; Victory 3s.
97.40; Victory 4i.s. 97.43.
New York General.
New Tork. Feb. 24. Whest Spot,
easy: No. 2 r.'ard, 91.92H c. 1. f. track
New Tork, and No. 2 mixed durum, 11.62V
c. I. f. to arrive.
Corn Spot, easy; No. 2 yellow. 90c and
No. 2 mixed. S9Vje c. 1. f. New York, 10
day shipment.
Oats Spot, easy: No. 1 white. 57c.
Lard Easier; middlewest. 11.S501I.9S.
Other articles unchanged.
St. Joseph live Stock.
Ft. Joseph, Mo.. Feb. 24. Cattle Re
ceipts. 1.200 head: strnnr to 25 cents
higher: steers. 16. 509.50; cows and heif
ers $3,0069.00: calves, $6.00 10.00.
Hogs Receipts. 7,510 head; market
toady to 15 cents lower; top, $9.60;
bulk. SS.7609.5O.
SheepReceipts. S.000 head: strong. 60
rents higher; lambs, $9.0010.60;; ewes.
$s.005.75.
Turpentine and Koein.
Savannah. f.a Feb. 24. Turpentine
Market firm: 50c: sales, 98 bbls.: receipts,
6$ bbls.; shipments, 9S bbls.: stock, 14,
40S bbls.
Rosin Msrket quiet: no sales; receipts,
247 casks; shipments. 34 casks; stork, 79,
49 casks.
Quote: W. P. K. r. O. H. I. K. M.
ST. WG. WW.. $11 no.
.... ,
'New York Dried Fruit.
S New Tork, Feb. 24. Evaporated Apples
j Steady.
Prunes Easy.
Aprirota Steady.
Peaches Dull.
Ralains Moderate demand.
Kansas city Produce.
Kansas City. Mo., Feb. 24. Butter and
Krgs Unchanged.
Poultry Hens, 1 cent higher, 2fic;
rooaiara, springs and turkejs, unchanged.
Market, Financial and Industrial News of the Day
Omaha Grain
Omaha, Feb. 24.
Corn arrivals today were fairly
.substantial and constituted by far the
hulk of the receipts. Wheat trading
was slow, with prices for the few
sales made up to near the close 4(5c
off. Corn sold readily at a decline of
l(i2c. Oats were YM)'i off. Rye
end barley were nominally weak.
Chicago ho.ise reported 175,000
bushels of whrtit sold to Italy today,
to ro via the gulf. Export sales of
lollOOO bushels corn were reported
made. Late advices stated that
Italy took as much as 400,000 bushels
wheat today.- A car of No. 4 mixed
corn, donated by tanners of Spirit
lake, In., for near east relief, was
auctioned off on the trading floor
of the Omaha Grain exchange today.
The car brought 55 cents per bushel
several cents above today's quota
tions, and was purchased by the
Transmississippi Grain company, of
Omaha. The proceeds of the sale
will be used to buy white corn, the
;:iill product of which will be shipped
abroad.
WHEAT.
No. 1 hard: 1 car, $1.77 (72 dark,
special billing): 1 rar, $1.63; 1 car. $1.61.
No. 3 hard: 1 car. $1.56 (smuny.neavy; ;
1 car, $1.63 (smutty).
No. 4 hard: 2 curs. $1.63.
No. 6 hard: 2 curs. $1.49; 1 car, $1.48.
futi.V
No. i white: 1 tar, oaVjc; 4 cars. 65c;
4 cars, 55e (shippers' weight).
No. 4 white: 4 cars, Slo; 3 cars, 62Vic.
No. 5 while: 1 Ciir. 50c.
No. 2 vellmv: 1 car, 57c.
No. " yellow: 1 car, 5nV,c; 3 cars, 55c;
1 ear. One (shippers' weight).
No 4 velluw: 3 cars. 53 '6c; f cars. 5:!c;
1 car, 53c (dry); 1 car, 63o (uhlppurs'
weight); 3 curs c2'2C.
No. 5 yellow: 1 car, 51c; 1 car, 60 Via.
No. 3 mlied: 4 curu, He.
No. 4 mixed: 1 car, 62Sic; 4 cars, 62c;
2 cars, tltit,
OATS.
No. 3 white: 2 cars. 40'-ic
Sample white: 2 cars, 40c.
OMAHA RECEIPTS AND SHIPMENTS.
CARS.
Receipts Today Wk. ago Tr. ago
Wheat 40 16 31
Corn 121 37 63
Oats 6 9 25
Rve 0 0 2
Barley 0 1
Shipments
Wheat 41 i4 48
Corn 36 37 126
Oats 13 13 40
Rve 0 0 3
Barley 0 2 0
PRIMARY RECEIPTS AND SHIPMENTS.
(BUS.)
Receipts Today Yr Ago
Wheat 97X,Ol)0 672,000
Corn 26,OH0 6S6.000
Oats 677,000 820,000
Shipments
Wheat 654,000 695,000
Corn 831,000 699.000
Oats 595,000 646,000
EXPuRT CLEARANCES,
, Today
W'heat .' 1,182,000
Corn 356,000
CHICAGO CAR LOT RECEIPTS.
Week Year
Today Ago Ago
Wheat 02 13 17
Corn 4S9 158 173
oats 125 40 88
KANSAS CITS CAR LOT RECEIPTS.
Week Year
Today Ago Ago
Wheat 314 133 96
Corn 54 36 65
Oats 6 19 S3
ST. LOUIS CAR LOT RECEIPTS.
Week Year
Today Ago Ago
Wheat 74 61 34
Corn Ill 66 94
Oats 19 62 37
NORTHWESTERN CAR LOT RECEIPTS
OF WHEAT.
Week Year
Today Ago Ago
Minneapolis JC5 2IS 1 4.1
Duluth 64 ins 24
Winnipeg 254 200 129
Topeka, Kan. Weather and crop con
ditions week ending February 22: South
western Kansas was favored with heavy
blanket of snow latter part of week.
Ten Inches still covers ground, but re
mainder of state had very little or none
although ground abundantly moist in all
sections. Temperatures have been mild
but dropped below normal latter part of
week, especially In western counties.' Con
ditions Weal for wheat which has fine
healthy color and covers ground In many
localities. High winds for a day or two
somewhat trying but bad effects largely
overcome by the snow fall. Wheat stool
ing well. Spring plowing is 30 to 75
per cent finished. Oats sowing well under
way.
CHICAGO CLOSING PRICES.
By Updike Grain Co. Doug 2627. Feb. 24.
Art. Open. I High. J Low. Close. Yes'dy
Wh't I
Mar. 1.70 ''! 1-67 1.67V4 1.71H
May 161 1.61 1.66V4 1.67 1.61
Rye
May 1.43; 143 1.41V, 1.42 1.444
July 1.27V, I.27V4I 1.24V, 1.24V4 1.28
Corn I
May .701, .70 I .69 .68?, .71i
July .72, .72' 11 -719 -73
Oats
May -45H .44Vi .44 .45TS
July .46 S, A6M) .46 ,45 .46V
Pork
May 20.80 20 R5 20.75 20.80 21.00
Lard
May 12.10 12.10 11.92 11.92 12.10
July 12.40 12.4 112 25 12.27 12.50
Ribs ' I
May 11.25 111.27 hi. 15 11.17 111.27
July 111. 62 111.62 llj.57 1 1.67 111.65
Minneapolis brain.
Minneapolis, Feb. 24. Flour Un
changed. Bran $23.00.
Wheat Receipts. 165 cars, compared
with 203 cars a year ago; cash No. 1
northern, $1.63 1.67T, ; March, $1.52:
May, $1.51H.
Corn No. S yellow 66 57c.
Oats No. S white, 3935,o.
Barlev 6171c.
Rye No. 2, $1.42. t.43.
Flax No. 1, $l.S4Vi (81.S6v,. ,
Kansas C ity Grain.
Kansas City. Mo., Feb. 24. Wheat
March. $1.67; May, $1.61 1.61 Vi.
Corn May, 62c; July, 65c; Septem
ber, 67Vjc.
St. Louis Grain.
St. Louis, Feb. 24. Futures Wheat
March. S1.68 V4 ; May. $1.59.
Corn May, 7070V4c; July, 72V4c.
Oats May, 45 Vic bid;; July, c.
6V2 and 7
First Mortgage
Farm Loans
Free from State and
Local Taxes.
Call or write
for offerings.
scWwr(MOO
1 PRINCIPLES
CI OF PROFITABLE
INVESTMENT
I M r I f I: J I . . f 11 ( 1.1 . A
A. dib iDicnma dooku num wimmna m
advice on investing. It is a text-book
on judging security vahiea. and show
you how to dtstintuiih belweea tbm
ooodiand the unsound bow to draw
thw Una between speculating and in
vesting. It shows too bow to STttenv
arise toot saving and tow investinc
on a monthly basis. It is substantial! v
printed and bound a book too will
want to keep permanently. It wiD he of
great value to tou, but we send k FREE.
KRIEBEL 8 CO.
.WBSTMMArr S4um
T 137 So La Salle St Chicago jj
KnancicJ
By ALEXANDER DANA NOYES.
Chicago Trihune-Omaha Bee leased Wire.
New York, Feb, 24. Money on
the stock exchange held at 7 per
cent today, though with an outside
rate of 6; foreign exchange and
silver bullion declined sharply, and
weakness in the industrial stocks
was general. 'The money market is
approaching a somewhat interesting
period in what the interior markets
know as the "March settlement
week " Completion of the adjustment
of credits which occurs at that time
has on occasion served to clear up
the inland money market situation.
f the settlement were to force
the hand of holders of grain and
cotton on the farms, it would at
least simplify present conditions in
more than one market. The persis
tent fall in cotton, for instance, to
new low price for the period is a
reflection, far less of trade influences
than of the knowledge that such
holdings had been unwisely kept
back from market in the face of an
overburdened local credit situation.
Declines on the stock exchange
were mostly fractional, but some of
them ranged between 1 and 4 points
Railway shares again held relatively
steady; probably counting, as they
have the right "to do, on the presi
dent's signing of the bill whereby
the government will pay its just
obligations to the comoanics.
No Visible Caue.
Except for the Impending London con
ference between the allies and Germany,
there was no visible cauxe for todays
decline in Kuropean exchange, wnlcli
brought sterling 2" u,m,Pr.l,'edJ,1h
day s closing 7 V, cents below the high
level of last week. No intimation seems
to have reached the markets as to t.er
many's probable response to the terws ot
reparation proposed at Paris, but no such
Intimation aver proceeds these confer
ences. It has been Germany s invariable
habit to protest up to the last that It
cannot assent, and then to assent. An
other sharp decline of c per ounce
brought silver at London at 12 pence,
the lowest since mid-summer of 1916 anil
nearly 65 per cent below the high price ot
almost exactly a year ago.
At London the money stringency which
has developed ir. connection with the
heavy tnenmed and profits tax payments,
grew distinctly more severe today. Day
bv day loans went at 6 per cent and short
term discounts touched 7 He. This is
an utterly adnormal rate for London. It
Is, in fact, the highest quoted on Lom
bard street since the Baring panic of
November, IS!)", for even when the bank
rate went to 7 per cent at the time of
our own panic of 1907, rates on the
open London market went no higher than
the banks' official level.
Comparisons Misleading
Comparison with old time panic pe
riods mav easily be misleading, however,
for the 7 per cent London money rate
of those days wns the outcome of sudden
frlkht and never outlasted a week, where
as the present high rates, like those which
prevailed last year in Wall street, are
persistent, reflecting the tying up and
not the collapse of credit. One would
like to know, however, whether London
is now passing through the experiences
which bejet financial New Tork in De
cember; the absolute Inability of latge
tax-payers, after the season's heavy loss
of cash or depreciation of resources, to
command the money for the Income and
profits pavments.
The stringency In London's money mar
ket was reflected in today's Bank of
England statement, to the extent that
rediscounts for other banks increased 10,
Oon.onn pounds, a larger expansion by
3,000,000 pounds even than In the last
week of December. But the deposit lia
bility account was held In check, appar
ently through transferring tax money to
public deposits and using such deposits
to pay off loans of the bank to the gov
ernment. As a consequence the reserve
ratio rose further.
iirain Exports.
Baported by the U. S. Bureau of Markets
to' Week ending February 19, 1921. (Only
wheat Inspected out under American
grades included. Does not Include flour.)
Atlantic ports, Boston, New York, Phila
delphia, Baltimore and Newport News:
Wheat. , 665,000 bushels; com, 1,359.000
bushels- barley, 145,000 bushels; rye, 816,
000 bushels.
Gulf ports, New Orleans, Oalveston and
Texas City: Wheat, 2,760,000 bushels;
corn, 61,000 Bushels; rye, 26,000 bushela
Pacific ports, Seattle, Tacoma, Astoria,
Portland and San Francisco: Wheat,
452.000 bushels.
Total July 1. 1920 to February 19. 1921:
Wheat, 188,144.000 bushels: corn, 10.917,
000 bushels; oats. 2,545,000 bushels: bar
ley, 15.808,000 bushels; rye 27,766,000
bushels.
Kansas City Live Stock.
Kansas City, Mo., Feb. 24. Cattle Re
ceipts, 4,600; bulls steady to 25c higher;
bulk, $4.505.00: all other classes uneven
but generally steady; best native steers,
I8.859.85; 12 loads of 1. 133-pound horned
Texss, $8.60; few cows, $7.00; best; heifers,
$8.25;- hulk she stock, $6.257.0; bulk
desirable vealers, $10.50fM1.00 ; good and
choice feeders, $8.008.60.
Hogs Receipts, 5.000: generally steady:
best light to shippers, $9.70; bulk of sales,
$8.756.9.60.
Sheep and Lambs Receipts, 4,600;
lambs and yearlings fully 50c higher;
lambs, $10.25; yearlings, $8.00; sheep
steady at 25c higher; ewes. $6.00.
ARE YOU SATISFIED h
With the Public Accounting Service being ren
dered you?
if?
An audit made by the Richards Audit Co., fo
cuses the client' attention on what the figure
SAY as well as what they are. It brings into
high relief all the vital, personal and economic factors that deter
mine profit for business.
RICHARDS AUDIT COMPANY
A National and Highly Trained Organization.
PUBLIC ACCOUNTANTS AND AUDITORS INDUSTRIAL
ENGINEERS INCOME TAX SPECIALISTS.
Detroit, New York, Chicago, Minneapolis, Omaha,
it. Louis, Tulsa, Flint,
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Tax Free Investments
For the investment of
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lect a 7 firt mort
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0
it
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npler OlOO
New York Quotations
Range of prices of the leading stocks
by Logan & Bryan. Peters Trust building:
KAILS.
High Low Close Wed.
A. . T. . S F 82' 82 82 82S
Halt. & Ohio 3m 34 34 34m
Canadian I'ac. ...117 I164 118 116
N. T. 4 H R 72 71 14 7H4 71H
flies. & Ohio 6'4 691, 69 69
Krle R. R 1SV, lilt 134 m4
lit. North., pfd... 77 76 7i 77
Chi. tit. West. ... 8li 8 8',, Si
III. Cent 88 4
Mo., Kan. A Tex.. 2 214 " 24
Kan. City South.. 20H 20 20 20V4
Miss. Pac 19 181, mi isvj
N. T., N. H. H. . 19fk 19' 19'4 20
North. Pac. Ry 84 83 83li 84;
Chi. Sr N. W 68
Per.sylvanla R. It. 40 39 40 40
Reading Co 76 75 75 784
C., R. I. & P 27 27 27 27 H
South. Pac. Co.... 78 4 77 78 78
Scuth. Ry 21 21 2IH 21 i
Chi.. Mil. & St. P.. 27 27 27 27
Cnlon Pac 121 120 120 120
Wabash
STEKL9.
Am. Car. Jt Fdry.,123 122 12! 123
Allls-Ohalm. Mfg. 86 35 35 36
Am. Loco. Co. ... 83 83 83
Utd. Al. Htl. Corp.. 32 30 30 33
Bnld. Loco. Wks. 89 88 88 90
Krlh. S. Corp. .. 67 56 1,7 67
Colo. F. & I. Co.. 28 28 28 28
Cru.v Steel Co. .. 94 91 91 93i
Am. Steel Fndrics. 3') 39 30
Lark. S. Co 55 54 65 66
Mid. S. Old. ..31 31 31 31
Pressed S. C. Co. 91 91 , 91 92
Kep. I. & S. Co. .. 67 fS 66 67
Rail. B. Spring .. 86 . 86 86 85
U. S. Steel -83 82 83 83
COPPKRS.
An. Cop. Mtn. .. .18 38 38 38
Am. S. & R. Co. 41 41 41 41
B. A S. Mln. Co. 12 12 12 12
Chile Cop. Co. .. 11 11 ll'i 11
Chine. Cop. Co. .. 22 21 21 21
Insp. Cons. Cop. . 34 34 34 34
Kennerott Cop. . 18 17 17 18
Miami Cop. Co. .. 18 18 18 IS
Nev. C, Cop. Co. 11 11 11 10
Itav Con. Cop. Co. 1.1 13 13 IS
Utah Cop. Co. ... 50 50 50 51
' INDUSTRIALS.
A. B. .ug. Co 48
A..O.&W. I. S. S. 49 47 48 49
Am. Int. Corp. .. 45 44 44 45
Am. S. T. Co. ... 86 83 84 86
Am. Cotton Oil Co. 22 21 22
Am. Tel. & Tel 100 100 100 100
Am. Zinc, Ld.. Sm. 9 9 9
Brook'n Rap. Trans 13 13 13 12
Bethlehem Motors. 3 3 3 3
American Can Cj.. 2914 29 29 29
Chandler Mot. Car 70 68 69 70
Central Ltlir. Co.. 39 38 88 38
Cuba Cane Sug. Co. 24 24 23 24
Cal. Pack. Corp... 63 63 63 63H
Cal. Pel'leum Corp. 41 40 40 41
Corn Pdcts Rfg Co 70 68 69 70 14
Nat. Knam, Stamp 63
Flak Rubber Co. .. 14 14 14 14
Gen. Klectrle Co.. 130 129 139 131
Gaston Wins., Wig. 2 2 2 2
Gen. Motors Co 14 13 13 14
Goodrich Co 36 34 35 36
V. S. Ind. Alcohol. 70 69 70 70H
Internal. Nickel... 15 15 16 15
Internal. Paper Co. 53 60 61 6.H4
A.lax Rubber Co... 28 25 26 26
Kelly-Spr'gf'id Tire 39 39 44
Key't'ne Tire, Rub. 15 14 15 15.
Inter. Merc. Mar 13
-Maxwl. Motor Co. 5 4 5 6
Mex. Petro 157 154 156 157
Middle Sts. Oil .. 13 13 13 13H
Pure Oil Co 34 33 34 34
Willys-Ovid. Co... 7 7 7 7
Pierce Oil Corp.... 10 10 10 10
Pan-Am. Pt. & Tr. 74 73 73 74
Plcrce-Arrow Mtr. 26 25 26 26
Royal Dutch Co.. 60 69 60 60
V. S. Rbr. Co. ... 68 66 68 68
Am. Sgr. Rfg. Co.. 92 92 92 92
Sinclair Oil & Rfg. 23 23 23 23
Sears-Roebuck Co. 79 76 78 80
Rtromsbg. Car. Co.. 36 36 3 ....
Sludehaker Corp.. 69 67 68 69
Tnb. Pro8. Co 53 62 63 54
Trans-Cont. Oil .. 9 8 8 9
Texas Co 42 41 41 43
1. S. Food Pr. Cp. 24 23 23 24
IT. S. Sm . Rf. & M. 33 32 32 38
White Motor Co... 39 38 38 39
Wilson Co., Inc 43
West. Hi. & Mfg.. 46 45 35 46
Am. Wool. Co.... 63 61 62 62
Total Sales. 641,600.
Close Wed. Close
Money .. .. .7 .7
Sterling 3.86 3. 88
Marks 0163 .0166
Omaha Hay Market.
Receipts of both alfalfa and prairie hay
have been liberal. While the demand la
quiet causing prices cn alfalfa to decline,
quiet causing prices on alfalfa to decline,
the better grades of alfalfa and prairie
hard to move. Oat and wheat straw
easier and lower:
Hay No. 1 upland prairie, at $10.00 to
$11.00; No. 2 upland prairie, at $9.00 to
$10.00; No. 8 upland prairie, at $7,00 to
$8.50; No. 1 midland prairie, at $9.60 to
$10.60; No. 2 midland prairie, at $8.00 to
$9.00; No. 1 lowland prairie, at $8.00 to
$9.00: No. 2 lowland prairie, at $7.00 to
$8.00; choice alfalfa, at $21.00 to $23.00;
No. 1 alfalfa, 8t $18.00 to $20.00; standard
alfalfa at $13.00 to $17.00;, No. I alfalfa,
at $10 50 to $12.50; No. 3 alfalfa, at $9.00
to $10.00.
Straw Oat, at $5.00 to $8.80; wheat,
at $7.60 to $8.00.
New Tork Money.
New York, Feb. 24. Prime Mercantile
Paper 77 per cent.
Exchange Heavy.
Sterling Demand, $3.86; cables, $3.86.
Francs Demand, 7.08c; cables, 7.10c.
Belgian Francs Demand, 7,39c; cables,
7.41c.
Guilders Demand. 33.98c; cables. S4.08C.
Lire Demand. 3.62c; cables, 3.64c.
Marks Demand, 1.57c; cables, 1.58c.
- Greece Demand. 7.84c.
Argentine Demand, 31.52c,
Brazilian Demand, 16.00C.N.
Montreal 12 per cent discount.
Time Loans Steady; 60 days, 90 days,
six months, 67 per cent.
Call Money Steady: high, 7; low, 1:
ruling rate, 7; closing bid, 6; offered
at 7; last loan, 7.
Saginaw, Windsor.
W. O. W. BIdg. Phone Tyler 5601
vaj mutiny j
Chicago Grain
By CHARLES D. MICHAELS.
Chicago Tribune-Omaha Bee I .cased Wire.
Chicago, Feb. 24. It was a real
bear day in grains, cotton and stocks,
w ith -cotton down to the lowest of
the season. In grain the dose was
well toward the inside, showing
losses of 4 l-2c on wheat, 1 3-8c
to 1 S-8c on corn, 7-8c to 1 l-4c
on oats, and 2 l-2c to 3 l-2c on
rye. Receipts f3l wheat were 35
cars.
A decided preponderance of de
pressing news was in evidence all
day, creating a bearish feeling, which
increased as prices receded. Its ef
fect was most marked in wheat
and other grains followed as a nat
ural result. A few cross currents
were in evidence, but they failed to
count. Fears of labor troubles as
a result of the Gompers speech at
the lahor meetine at Washington
and the stress placed up the world's
economic conditions, which were
brought out as the main factors,
proved the most effective. It was
argued by traders that with increas
ing idleness i among workers and
nothing upon which to base con
structive operations, there was no
i use trvuiBT to bull crams ana wncat
was regarded as too high.
Cash Premiums Break.
The factor which attracted attention in
addition to the others, was the break of
6 to 6 cents in cash premiums on red win
ter wheat, premiums making a loss of 10
cents from the high of Wednesday.
Mills on the Pacific coast were said to
he doing a good business In flour, and
Minneapolis said flour business was better.
Liberal arrivals, 614 cars, with fair
country offerings and lessened export
sales, combined with the break In wheat,
encouraged selling of corn future by
commission houses and traders, while one
of the largeset cush handlers was a buyer
at times. Export sales were 166,000
bushels and possibly larger. Discounts
on low grades wid-ned slightly. Domes
tio sales were 21,000 bushels. Germany
expects to buy 18,500,000 bushels corn to
reduce the use of wheat for the next few
months. Prices declined 2 cents with,
the close under 70 cents for May.
Liquidation was on In oats following
that In other grains. Support was poor
and prices declined 1 cents wth the
close easy. Cash trade was only 61,000
bushels with prices 2 cents lower at the
last. Arrvals were 116 cars.
New York orders wore here for buying
May rye and selling July and for buying
rye and selling May wheat at 15 to 16
tents difference. Trading otherwlsa was
light.
Pit Note.
Receipts of wheat at Minneapolis were
165 cars, compared with 228 cars last
week and 143 cars last year; Duluth re
ceipts, 64 cars, compared with 108 cars
last week and 24 cars last year.
Winnipeg receipts were 254 cars, against
200 cars last week and 129 cars a year
ago.
Harris Wlnthrop and company say: "It
is our opinion that the grain situation Is
not a strong one at the moment. Supplies
of all grains are large, demand Is light,
and for the most part very inadequate.
The market has recently enjoyed a sub
stantial advance, with the result that tha
present technical condition is not In Itself
strong enough to bring about steadiness.
George M. Lecount wired frm Wichita,
Kan., "Wheat prospects through this ter
ritory are about perfect; good stand,
plenty moisture and will show up flna
with growing weather. Clear and warmer
today."
Thomson and McKlnnon say: "Our sur
plus of wheat, Including Importations, will
just about tide us over into the next crop,
or be completely exhausted."
Logan and Bryan's Portland, Oregon,
correspondent wired: "MIIU here booked
with business for period of 60 to 90 days,
according to announcement made by the
Oregon Journal. Interior Pacific north
west mills booked with southwestern busi
ness and tidewater mills with European
orders. This is capacity business and
creates much surprise as1 it was generally
believed that little business was available."
E. F. Leland and company's Omaha of
fice wlrea: "The manager of the Long
mont Elevater company of Longmont
Colo., who Is here today, says their ele
vators In Colorado are practically empty
of wheat, and that In their territory there
is not over 10 per cent to 16 per cent
wheat back in all positions."
Financial Statement
February 21, 1921
The Packers National Bank
Established 1891
N. E. Corner 24th and O, Omaha
THE BANK OWES
Its Depositors
Federal Reserve Bank
Total Indebtedness
FOR THIS PURPOSE WE HAVE:
1- Cash L $ 670,158.42
Actual money and funds
with legal depositors
returnable on demand.
2. Checks on Other Banks $ 330,200.82
Payable in one day.
3. U. S. Government Securities $ 30,147.50
4. Other Bonds and Securities $ ' 54,930.78
Including stock in
Federal Reserve Bank.
5. N Overdrafts $ 686.25
6. Loans $2,595,261.13
Payable in less than
ninety days.
7. Loans $ 438,235.30
Payable after ninety days.
8. Banking House $ 48,528.25
Total to meet indebtedness. $4,188,148.45
9. This leaves a SURPLUS $ 423,972.45
Which is our Guarantee
Fund for our Depositors.
Upon this comprehensive statement we solicit new
deposits and retain those which have been with us
for many years.
On Sayings Deposits and Time Certificates We Pay
4 Interest
OFFICERS.
JOHN F. COAD President
WILLIAM J. COAD Vice President
H. C. NICHOLSON Vice Pres. and Cashier
A. L. COAD Assistant Cashier
AMOS GATES Assistant Cashier
I. L. ADAMS Assistant Cashier
R. E. RAINEY Auditor
Live Stock
Omaha, Keb.
24.
Sbeep
111.460
9.7X9
11,1S9
12,600
43.944
311,007,
44.817
24.4S9
40,117
Receipts Were:
Official Mondav ...
Official Tuesday...
Official Wednesday,
Kstlmate Thursday.,
Kour days this wk.
Hams last week . . .
Same 2 wks. ago...
Hams wks. ago...
Same year ago
Cat He
,007
f.65
4.906
4.400
23,977
20.616
21.9.11
31.6m
24.301
Hogs
13,399
16,239
14.8J7
16,000
66.445
67.466
69,666
62,069
43,279
Cattle Cattle values eased off a point
or two Thursday as receipts were some
what larger than eipected. about 4,400
head, and the offerings for the week
were of sufficient volume to at least
temporarily satisfy the demand. Qual
ity was somewhat bettor than usual and
there was enough demand from shippers
and packers to hold prices steady on
the more attractive, offerings of both
beef steers and cows. Best fat cattle sold
at I9.004fl.60 and good toy choice cows
and heifers at .0ff7.60. For the week
killing stock Is selling around 2550c
higher and there has been Just about the
same advance on stock cattle and feed
ing steers.
Quotations on Cattle Oood to choice
beeves. 8.76P9.60; fair tn good beeves,
I7.60O8.76; common to fair beeves, $6.76
4P7.60; good to choice yearlings, 8.26
8.75; fair to good yearlings, 7 . 2 5 j N . 2 r. ;
common to fair yearlings, I6.607. 26;
choice to prime heifers, l7.O0jj8.oO; good
to choice heifers, $6.767.00; choice to
prime cows, $6.267.10; good to choice
cows, 15 60Q6.26; fair to good rows, 66.00
6.60; common to fair cows, 1( 6004 60;
good to choice feeders, 8.009j8.60; fair
to good feeders, 97.25fri8.00; common to
fair feeders, it. 50Jj7. 26; good tn choice
stockers, $7.75'B'8.25: fair to good stock
ers, $7.00fl7.76; common to fair stockers,
$6. 0(07.00; stock heifers. (4.600)6.60;
stork cows, 84.006.50: stock calves, 15.60
7.25; veal calves, 8.0010.00; bulls,
stags, etc., tS.76Q6.00. V
Hogs Arrivalu uf hogs were estlmsted
at 15,000 head and a few shipping orders
were filled on tho enrly trade at general
ly steady prices. Shipping demand was
hardly as broad as usual, however, and
the packer market was rather slow in
getting started with prices little different
from those paid yesterday. Rest bacon
hogs made a top' of 19.50, and bulk of the
receipts changed hands at $8.60ff9.25.
Sheep With u nupply of 12 600 sheep
and lambs the trade In fat offerings de
veloped on a generally- steady basis. Oc
casional sales of fut sheep and lambs
made during early rounds were possibly
a little lower but Values firmed up and
the market closed in good shape, Best
fat lambs topped at $9.50 and goo ewes
sold up to $5.25 and better. There were
no feeders of consequence in the receipts.
Quotations on sheep: Best fat lambs,
$9.00.50; medium to good lambs, $8.60
S9.00; plain ard havy lambj, $7.26
S.25; yearlings, $6.007.00; aited wethers,
I6.25jf6.00; good to choice ewes, $5,003
5.50; fair to good ewes, $4.6O$'6.0O; cull
and canner ewes, $2 0003.00; feeding
lambs, $5.0037.60; feeding lambs. $2.76
3.00.
Chicago Live Stock.
Chicago, Feb. 24. Cattle Receipts ,
000 head: market, beef steers, steady to
26c higher: top, $10.75; bulk, $9.60
10.00; butchers' stock esrly. 16 to 26c
higher; bulk fat cows and heifers,1 $5.25
7.00; bulls Isrgelv $5.256 .00; few choice
light bulls, $7.00 and higher; calves,
mostly 60c higher; spots, up more; bulk
vealers to packers. $11. 60 12.60; few
shippers, $13.50; stockers and feeders,
strong.
Hogs Receipts 29,000 head; market ac
tive, mostly 10 to 16c higher than yes:
terday's average; spots more on heavies,
closed strong to top. $10.40 on 160 to
175 pounds: bogs, bulk 200 pounds down,
1 0.00 4? 1 0, 00 ; bulk 220 pounds up, $9.25f
9.76: pigs, 25 to 40c higher; bulk desira
ble 90 to 120-pound pigs, $9. 60CflO.no.
Sheep and Lambs Receipts 11,000 head;
market, killing classes mostly 60c hlghVr;
lambs top, $10.75. some sold on higher
bids: shorn lambs ;top, $10.00; bulk fst
lambs, $9.6010.75; top wooled yearlings,
$9.00: heavy shorn yearlings, $7.00; 124
pound wethers. $7.25; ewe top, $6.26; bulk
fat ewes, $6.0006.40.
Sioux City Live Stock.
Sioux City, la., Feb. 24. Cattle Re
ceipts. 2,500 head; market steady to
weak; fed steers and yearlings, $6.000)
9.25; fat oows and heifers, $4. 509)7. 76:
ranners, $.1.00(9 4.25; veals, $S.00'9.60;
feeders, f $6.00j?7.75; calves. $4.6fli7.50:
feeding cows and heifers, $4.26$j6.00;
stockers, $5.007.0fl.
Hogs Receipts, 10,700 head: steady, 15
cents lower; lights, $9,0059.40; mixed,
$8.759.00; heavy, $8.00(ff8.70; bulk of
sales, 5.M?I 9.Z6.
Sheep Receipts, 1,000 head; market
strong.
Chicago Produce.
Chicago, 24. Butter Higher;
creamery extras, 50c; standards, 49c.
Eggs Lower; receipts, 22,907 cases;
firsts, 33U jf SSc: ordinary flrstB, not
quoted: at mark, casea Included, 3233c.
$3,577,332.22
1 186,843.78
.$3,764,176.00
South Side
Judge Tells Warring
Couple to Go Home
"Each of you take your playthinps
and go lionic," said Judge Dunn in
South Side police court yesterday
to Howard Rullmaii, 4226 Flor
ence boulevard, and his wife, Vic
toria, who has been living with her
parents at 33ol I' street.
"And come back to see nic Mon
day. By then i will know what to
do with you."
Howard was arrested Wednesday
night for disturbing the peace on
complaint of his wife, and in court it
was revealed that they had disagreed
and decided to separate. Victori.i
asked Judge Dunn for a divorce, but
he referred her to the district court.
The argument arose over the return
of various articles of clothing after
she had returned to her parents'
home.
Pants Burglar "Cleans" Man's
Trousers While He Sleeps
While H. H. Kelly, 5332 South
Thirty-second street, lay sleeping
peacefully Wednesday night the
"pants" burglar climber through his
window, removed the trousers from
the bedpost, rifled the pockets of $45
and some street car slugs, left the
trousers hanging on the window sill
and departed. Kelly appealed to
the police, but there was joy in his
eye for didn't the burglar leave his
trousers?
Jewelry Worth $100 Stolen
Jewelry valued al $100 was stolen
from the home of George Favara,
5214 South Thirtieth street, Wednes
day night by burglars who used a
PHILIP'S BIG STORE of
Sweaters
Gloves
Ladies' and Misses' Silk Gloves, in all sizes
and colors, ribbed backs, extra fine quality.
Regularly sold at $2.50 a pair, on sale at
59c
PHILIP'S
DEPARTMENT STORE
24th and O Streets South Omaha
Ask for Green Trading Stamps.
(
Let Us
Handle your grain shipment to the Omaha,
Chicago, Milwaukee, Kansas City, Sioux City,
or any other markets.
We Specialize
In the careful handling of all order for grain
and provisions for future delivery.
We Operate
Offices at Omaha, Neb.; Lincoln, Neb.; Hast,
ings, Neb.; Chicago, III.; Sioux City, la.;
Holdrege, Neb.; Geneva, Neb.; Des Moines, la.;
Milwaukee, Wis.; Hamburg, la.; Kansas City,
Missouri.
We Have
Up-to-date Terminal Elevators in the Oman
and Milwaukee Markets with the latest facili
ties for handling your shipments.
Updike GrainCo.
"The Reliable Consignment House"
Omaha, Nebraska
pass key to, effect an entrance, ac
cording to South Side police report.
Fined $5 for Stealing Wood
Fortunato Fobarcr, 5205 South
Twenty-fifth street, was fined $5 in
South Side police court yesterday
by Judge Dunn for stealing cord
wood from the Sherman bakery,
Twenty-fifth and Q stieets.
South Side Brevities
Illinois roiil. 111. Howlsnil Lumber A
CohI Co. Vhnns Mouth 1M. Adv.
Tho Omaha Hoc wlnlifs to call onr 1
trntlon to Its new South Sld brunch or
tU'B. Located In I'hllls Poiiarimant
Store, !th and O streets. Adv.
FrldHV evxnlnn will b rally nlht for
the reornanlzatlon of Hoy Srout troon
No do of Armo'ir Co.. In thi welfr
room of the iilant. There will be troop ei
tlll'ltlona anit luovlni; iiletilrHa. All ni
ioc of tho Armour runiimny hnvln
Mini 12 yearn or over are asked by o(
rirlala to attend the 'rally with their
Itoj a.
Uindon Metal".
London, Teh. 21 Standard coppers, tTO.
fia. 2d; elertrolvtlc, ITS 10a; tin, 1168, Ha;
lead, 18, 5e, alnc, fat. 10a.
(Spot ColUtn.
Now Tork, Keb. 14. Cotton Spot,
quiet; middling, 12.66c.
BORDEN'S
Highest Grade
CARAMELS
Regularly sold for 60c a
pound, on sale now OA
at, a pound awiUC
Spanish Saltod Teanuta, guar
anteed to be abso- j Q
lutely fresh, per lb.
(PHILIP'
M Department Store Hl'
24th and O Sts,
South Omaha
Sale at
and Gloves
FRIDAY
Sweaters
Ladies' and misses' beautifully
woven, wool mixed sweaters in all
colors and styles. These sweaters
originally sold up to as high as
$10.00. On sale special Friday at
the never-before-heard-of price of
$1.98 Each
J
I
I
