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About Omaha daily bee. (Omaha [Neb.]) 187?-1922 | View Entire Issue (March 2, 1921)
THE BEE : OMAHA, WEDNESDAY, MARCH 2, 1921. U Kecoiislruction Of World Up to c it v; ?ir rmup oidds lesuniony Before Congress Shows Euro peans Think U. S. Should Lead in Disarmament. By HOLLAND. Sir Fhiltp Gihhs' testimony before the congressional committee which referred to disarmament justifies the impression that throughout Europe and in Great Dritain the belief "pre vails that the burden for the recon struction of the world and also the unparalleled opportunity for service of that Wind are with the United States. This impression is confirmed uidirectly at least by some things which Thomas V. Lamont has writ ten in an article published in one of the magazines. Mr. Lamont says that the adminis tration which is , to enter upon its duties on March 4, must make up its mind if for no other reason than that the sellish interests of the United States make this necessary, to bring about some form of conference and understanding as to conditions of foreign trade. He speaks of the value which can be placed upon an agree ment with foreign nations for par tial disarmament. For if this be done then governmt nlal expenses wilt l considerably reduced so that the Op portunity for gaining the means by which indebtednes can be wiped out will be enlarged. l'lrnt Hti'p Disarmament. Gladstone in hts ly when referring to the Biib.lt. I of world peace said to Chauil cey M. lepew that o lontf a the ntuimi of (tie world maintain anniea which in the aKKri'Kttte urrupy sump ten million men It mis to talK or world peace, for me it step In the direction of world peace volves (iiBaniiHnicnt. and disarmament of itself will reilwoo the ezpnaoa of some nations more than one-half and will alno nuiUe It possible to put into Industrial service millions of rren who are prevented from doing tills bv tbeir employment as soldiers: Apparently Mr. Lamont. as well as Sir Philip (filths, and others are of the opinion that the flrHt or if the first the most iln- fluentlal step In the. direction of the Te. duction of armament must he taken by the .United States. If our Influence in ureal enough to hrins; about a consum mation of the kind then we shall have aid ed In the r.'roristi octlon of the world, fannot Itemain Isolated. Mr. I.aniont Is thought to have done ex cellent service liy vailing attention in this magazine article to the fact that the re construction of the world and the relation of the United States to it may depend upon a better underwUrultns; than now exlcta on the part of the American people of the fact that in splto of ourselves we cannot lemaln In Chines.- Isolation. That was a point which was with em phasis made by tltorgre W. Perkins In tlie OMat of the address delivered by him be TOre hla death. He called attention to the annihilation of rime and spare ao far aa the communication of Intelligence Is con-n-rned which has been accomplished by the telegraph, tho telephone, fast movlnK transportation, and by steamer which cross the ocean in six days lime. Mr. I.aniont offeri the thought In an other form. Are Next Xelghhors. Commercially London, Paris, B.irlln, even Japan and China are next neighbors of the United States, as for instance, they are nearer New York than Buffalo was whan the Erie canal was opened and are nearer Omaha than this leading city of the Missouri Valley was to Chicago (0 year ago. This neighborhood relation makes It ImposslVile that thl country can be commercially end economically isolat ed. Mr. Lamont says that our prosperity la Interwoven with the prosperity of our customer In Europe. By reason of the war our European customers are badly off. It therefore remains" for the United State to give all the assistance In Its power so that they may be restored a limited riuvinir. Uradually the people of the United Slittes are overcoming a peculiar and char acteristic form nf provincialism. They are begtnnlrrg to Understand, that in six years the United States has changed from a debtor to a creditor nation. Sometimes incredulous economists, even bankers who do business In large cities across the At lantic, say that our apparent situation as a creditor nation is only apparent, not real, and tnt London i now Indirectly at least and by and by permanently -will be come the center of the world money power, World Awe Billion. But the fact Is that we are a creditor nation. The world owe u billions. Some of the Indebtedness Is represented by loans, some by credit. We have estab lished In six years an enormous favorable trado balance. We are to remain for a lnrg time certainly a creditor nation. That Involves, Mr. Ldimont assert, re sponsibilities, and that It is a fact that our position for -the future ao far as economic are concerned 1 that of leader. It I necessary therefore, even evitable, If we are to prosper and to maintain our position a leader, that we help to retore K 11 rope o that she again can become a very great buying power. When thl I done there need be no eerlou apprehension so far a debt of the allies to u Is con cerned nor need there be fcr tat w yield to Great Britain or to some other foreign nation eupremacy In the market of the world. All "",;nm" " J! the earnest and early consideration of the new administration. New York Coffee. New York. March 1. The racket for roffe future, showed further decline to dav. price making new low .Tecor(,,;"I the season on all dollverie. The unsett ed showing of the Hralllan cable. Promoted the .elltng which was upposd to In clude continued liquidation by recent buy ers ad probably rome hedging.' The mar ket opened at a decline of 4 to S Point, with May selling off to J..J1 and July to SS.74. during tho middle of the day. or about 11 to 13 points net lower. Closing price were a shade up from the lowest on covering, with the market snowing nn osse of S to points, jnarcn, so.vu, ber. 7.J: necemoer. , . Spot coffee was reported In moderate demand at 6 to c for Rio 7 and si to 10c for Santos 4s. ew York Cotton. Vr Ynrk.N March 1. Strong came:; from Liverpool promoted a heavy cover ing movement at the start of the New York cotton market, and price moved up $0 to 63 points. Later there was a re action of about 39 joints under southern "on'ioverlng and a little trade rAryliR. prices made n-'w high ground for the day before noon rt 60 to 70 points above last night' closing. Trading then oe oam les active and there were setbacks of a tew point under realising. The market lost nearly all its early advance in the nftcrnoon on liquidation and southern selling. Sioux City Live Stock. 8ioux City, la.. March 1. Cattle Re ceipts. 1.700 head; market 25c higher; fed steer and yearling, $S 00010.00; fat cows and heifers, $4.5n8.!5; canners, $3.00 4.25;. veals. $6.0010.00; feeders. $6,000 1.50; calves, $4.50f7.80; feeding cow and heifers, $3.25S.75: stockers, $S.007.60. Hogs Receipts, 8.000 head; market IS J25c lower; light. 19.60(9.75: mixed, 19.16 $9.(0: heavy. $3.60119.15; bulk of aale.. $9.009.60. I Sheep and Lambs Receipt, 706 head; market steady. Kew York General. ' New York. March I. Wheal Spot easy; No. 2 hard. $1.90 U C I- track, New York; No. 2 mixed durum. $1.7 6V o. i. f. New Tokr to arrive. Corn Spot teady: No. t yellow. 37 i.e. and No. 3 mixed, 86?ic e. 1. f. New York 10-day shipment. Oats Spot quiet; ?vo. 1 white &7e. Lard Firmer; tnlddlewest. $12.50 12.60. Tallow Weak: special loose, 6Hc. Other articles unchanged. Turpentine and Rooln. Savannah. C,a.. March 1. Turpentine Firm; 5365He: pale 9 barrels: re ceipts. 133 barrels; shipments, 80; stock, 12.389 barrels. Rosin Quiet: No sales: receipts. 460 casks; shipment, 656 casks; stock, 76.6U7 Quote B. D. E. F. O. H. t. M. N. WO. WW, $11.00. New York Sugar. New Tork. March 1. There was no change In the local raw sugar market to day with Cuba Quoted at 4 4Cc cost and freight, equal to $5.77 for Centrifugal. There were sales of IT. 000 bags of Cabs, ex-store to a local refiner at $3.77 duty ?aid. while the committee reported no resh. business. ?few York Dried Fruit. New Tork, March 1 Evaporated Apples teady. Prune -Dull. Apricots Quiet: choice 23c. , Peaches Neglected- standard ls'c. Hasina i'air damaad- Live Stock Omaha, March 1. Receipts were: Official Monday Ksttmate Tuesday Cattle Hog 8hrp 6.49 10.374 13,790 IMfl -11.300 tl,174 Sl,n 1H.6J4 10.156 14.1(3 17.164 17.843 27. OH 17,141 20,031 Two day thl week 12. J Same day laat week 14.(71 Same 1 week ago.. 11. Ml Same 1 week ago.. 1 0. a I Sam day year ago MOS Receipt and disposition at the Union 8tock yards, for 34 houra ending at 3 of liv stock Omaha, Neb., o'clock p. ni March 1. 121 : RECEIPTS CABS W abash . : C, M. St. P Missouri Pacific ...... Union Pacific C. & N. V., east C. & N. W., west .... C, fr-t. P.. M. O. ... C It. A Q , east C. B. A Q., west .... C, R. I. P., east .. R. I. & P.. west . . 1 .. .. "t 'i "i .. 73 61 34 1 14 3 .. 1 41 33 4 .. 1 14 3 .. 14 3 1 .. 31 ' 23 11 1 17 7 2 .. 3 3 .. .. 7 4 .. .. Illinois Central 7 Total receipts 146 183 S3 4 DI.Sl'UhlTIO.N H KAU, Morris & Co 372 2131 2333 2823 1311 1108 1458 1672 im 4030 1H4 1471 Swift & Co IOS0 Cudahy Tacking Co 1049 Armour 3k Co ,. 733 Schwartz A Co J. VV. Murphy Dold Packing Co 338 Lincoln Packing Co 105 So Omaha Packing Co. . . 3 OKden Packing Co lliggin Packing Co 14 Hoffman Bcoa 1 John Roth & Sons 23 Mayerowich & Vail 13 446 136 Glaaaherg 40 P. O'Pe T Wilson & Co. .. W. B. Van Sant 31 43 29 1 44 37 Uti 2 34 4 83 38 18 & Co. V. P. lwis .1 . B. Root A Co. . . J. H. Bulla & Co. .. Rosenstock Bros. ... K. O. Kellogg W'e-thetmer a legen Kills A Co Sullivan Bros Mo.-Kan. C. A C, Co. K. O. Christie Baker Smiley 4 John Harvey ...J. 670 Jensen A Lundgren 3 onnia A Francis 69 Cheek A Krebs 61 Omaha Packing Co 19 Midwest Packing Co 4 A. Monahan 11 Other Buyer 1114 2(6 Total 6964 13703 11749 Cattle The arrival of only 6.800 cattle on the market Tuesday created further strength in the trade and price ruled strong to 10615c higher all around. Best beef steers averaging around 1.400 pounds for shipping account sold at the even money, $10.00, and anything In the way of beef and butcher stock that had any quality or ftniah found a ready (ale at the higher figure. Supplies of stock cat tle and feeding steers were of very mod erate proportlona, but there was a good demand for them, and the- general market was quotably strong. ' Quotations on cattle: Good to choice beeves. 39.2510.00; fair to good beeves, (8. 00I& 9.0O; common to- fair beeves, $7.25 8.0i); good to choice yearlings, $8.60 (" 9.15; lair to good yearlings, f 7.75-8.60; common to fair yearlings, $6. 76 7.75: choice to prime heifers. $7. 6068. 25; good to choice heifers. 36.256i7.50; choice to prime cows, $6.667.26; good to choice cows. 35.75(6.50; fair to good cows, (5.25 6.75 ; common to fair cows, $3.0004.75; good to choice feeder. $8.611 9.16;; fair to good feeders. 7.758.60; common to fair feeders, $7.00ig7.75; good to choice stocker. i8.008.76; fair to good stock er. $7.258.00; common to fair stocker., $6.30 r.26: stock heifers, $5.006.50: stock cows, I4.O06.50: stock calves. $5.60 7.25; veal calves, $3.00010.26; bulls, stags, etc., J4.OO06.25. ofi.Br H If. B.KS. Pr. No. No. 13.. 34.. 13.. At. . 831 , 968 .1069 .1214 .1192 .1140 .ISl'O Av. . ti .1052 .1096 .1165 .1151 .1300 .1470 Pr. 8 15 8 40 8 75 00 9 15 9 36 9 60 20. 19. 19. 18. 21. 2.1. 19 24 18. 1340 STKERS AND HEIFERS. 16 460 7 00 13 661 7 25 It 623 7 60 10 714 1 70 12 753 7 75 17 675 8 00 33 836 3 15 24 9J0 8 70 7 905 8 75 COWi. 41 1073 4 90 16 1161 6 35 28 1052 6 40 8 38 6 25 14 1200 5 75 8 1090 5 80 14 888 6 85 17 984 6 00 10 126 6 10- 13 1150 6 15 10 1188 6 45 20 2239 6 76 16 1324 6 90 16 971 7 00 22 1113 1 10 18 1419" 7 26 HEIFERS. 20 1003 6 15 17 973 6 23 15 650 6 65 9 1160 6 40 15 1070 6 85 10 915 7 25 14 694 7 50 19 753 7 85 STOCKERS AND FEEDERS. 7 7n0 V 15 12 8G1 7 15 23. 735 7 40 25 .. 736 7 75 42 1104 00 7 962 8 15 41 912 8 SO' 46 1001 8 60 17 897 8 65 18...... 980 8 70 Hogs The receipts of hogs for today's trade were estimated at 14.800 head. De mand from all quarters appeared to be broad and active and the trade ruled un evenly higher, showing advances of 15 35c. Most of the hogs were priced not far from a quarter higher. Best light hogs brought $9.709.75, the latter price being the day's top. Bulk of the supply moved at. .oo jf 1.60. nous. No. Av. Sh. Pr. No. Av. SHv. Pr. 62. .34 70 8 10 64. .316 70' 9 00 62. .333 ... 9 10 66. .290 ... 9 15 70. .263 ... 9 20 56. .222 ... 9 25 64. .221 ... 9 SO 75..2,".7 ... 9 35 69. .238 ... 9 40 28. .238 ... 9 45 78. .201-... 9 50 S4..192 ... 9 55 77. .224 ... 9 60 2. .197 ... 9 65 50. .215 ... 9 75 Sheep With the supply of 12,500 sheep and lambs the trade was rather slow in getting started, but all of the regular packers needed killing material and prices for both fat sheep and lambs ruled steady to strong. Best handyweight lambs made a top- of $10.50 and other sales were re ported at $10.00 and less. Nothing much is selling down around $9.00. Some pretty good ewes brought $6.006.15. indicating a limit ot about $6.50 on choice light Mexicans. Feeder trade was nominally steady. Quotations on sheep: Best fat lambs, $10.0010.60: medium to good lambs. $9.50 Q-10.00; plain and hnavy lambs, $9.00 9.76; yearlings, $7.608.60; sged wethers, $6.257.00; good to choice ewes. $6.00 6.60; fair to good ewes, $5.506.00; cull and canner ewes, $2.003.00; feeding lambs, $8.00198.75; feeding ewes. IXIOOQ 3.60. FAT LAMBS. No. Av. Pr. No. Av. Pr. 195 Colo 87 9 75 62 Colo 85 9 75 194 fed 83 9 50 243 fed 73 9 40 243 fed 73 9 40 73 fed 68 7 50 310 fed 76 9 60 225 Colo 94 9 00 434 fed 93 9 60 237 Colo 83 10 10 468 Colo 83 10 00 211 Colo 92 9 00 FAT YEARLINGS. 114 fed 116 7 75 USD 107 7 50 FAT EWES. 263 Colo 111 6 00 Chicago Live Stock. Chicago, March 1. Cattle Receipts, 10,000 head; early sales killing stock steady; undertone weak; early top beef steers, 110.40; bulk, $8.50010.00: bulk butcher cows and heifers, $6.00 7.75; can ners and cutters, largely $3.0O4.O0; bulk bulls. $5.60lr7.6. 25; calves, steady; bulk vealcrs. tll.50li.50; stockers and feed ers, strong; sales mostly at $7.008.00. Hogs Receipts. 27,000 head; market 25 035c higher; lights up most; heavies, slow; othors active; top, $10.85; bulk 200 pounds, down. $10.50010.75; hulk 220 pounds up, $9,758-10,80; pig, 2540c higher-, bulk 10 to 120-pound pigs, $10.00 10.40. Sheep and Lambs Receipts, 17.000 head; killing classes about steady, tending weak; lamb top to city butchers, $11.25: packer top, $11.00; bulk fat lambs, $10.26 Iff 10.75; early yearling top. $9.35; ewe top early, $6.65; some sales higher; bulk fat ewes, $6.0006.60. ' Kansas City t.rr Stork. Kansas City, Mo., March 1. Cattle Receipts. 7,800 head: beef steer generally 15c higher; top, $10 00; bulk, $8.50(69.35; best yearlings. $9.85; Colorado pulpers. $9. 65 6 9.76: she stork and bulls mostly 26c higher; spots more; bulk cow snd heifers. $5.767.25; few prime cows, $.00: csnners, steady to 25c higher: bulk. $3.00 C3J5; calves, strong: top vealers, $12.00; tocker and feeders mostly 25c higher; 900-pound feeders. $9.00. Hotrs Receipts. 13.000 head; light and underweights,' 1025o higher: other elasses, strong to 16e higher; top. $10 009 10.10; bulk, $9.159.80; pigs, steady; best, $10.35. Bheep and Lamb Receipts, 7,000 head; market strong; ewe, $6.25; wethers. $8.76; lambs, iteady to 25c higher; top, $10.75. St. Joseph lire Stock, St Joseph, Mo.. March 1. Cattle Re retpt. 2,000 head: market active, 25c higher; steer. $7.0010.25; cow and heif ers. $2.(09.26; calves, $6.60$10.0O. Hogs Receipts, 6.500 head: market ac tive. 10f 20c higher; top, $9.85; bulk. $9.25 C9 7S. Sheep and Lambs Receipts. 3.000 head; market steady te C6o higher; lambs, $9.60 $10.50. en, ta.OOeCAO. Market, Financial and Industrial News of the Day Omaha Grain V Omaha, March 1. 1921. Grain arrivals were light, with corn the bulk. Practically all trading up to a late hour was in corn, which ranged unchanged to a cent higher, generally uncheanged. Wheat for the few sales made was unchanged to 2 cents off, generally 2 cents lower. Bids for oats were un changed. Rye declined a cent and barley was steady. P. S. Goodman, crop expert, says: Our reports show 24.5 per cent of 192,520,000 bu of wheat on the farms, an increase of 27 million bushels over last year; holdings of the interior mills and elevators have been reduced 45 million from last season; disposition of farmers to hold is given as cause of large re serves. Reserves of corn are given at 45 per cent of the crop or 1,456, 481.000 bu., which is 385 million bushels more than last season. Re serves of oats are 40 per cent or 600,185,000 bu., which is 178 mil lion more than last season. Con sumption of corn and oats since harvest was the largest in the his tory of the country despite the de crease in farm animals. WHEAT. No. $1.61; No. 1 car, No. 1 hard: 1 car, 4 cars. $1.60. $1.63 (dark); 1 car, 2 hard: 2 cars, 11.56; 1 car, $1.67; 11.66; 1 cars, $1.54 (smutty). 4 hard: 1 car. $1.61 (smutty). 8 mixed: 1 car, $1.(0: 1 car. $1.47 No. (durum); 1 car, $1.47. No. 4 mixed: M far. $1.49. CORN. No. 3 white: 2 cars, 5Sc (dry); 8 car. E4c , No. 4 white: 5 cars, 62Hc; 1 car, 62c; t cars, 61 lie. No. 2 yellow: 1 car, 67c (dry); 1 car, 56c. No. 3 yellow: 1 car. 65c; 1 car, 85c (dry); 3 car. 64c No. 4 yellow: :2 car., 524 e; 1 car, S2M c (shippers wts.); 4 cars, 62c; 1 car, 62c (shipper wts.); 1 car, 61Mc. No. 5 yellow: 1 car, 60Vjc; l car, 49c (9Vi per cent.) No. 1 mixed: 1 car, tSHc; 7 car, 63c No. 4 mixed: t cars, 61 "e; 7 cars, 61c No. 6 mixed: 1 car, E4o (dry). OATS. No. I mixed: 1 car, 40 c. RYE. No. 2: 1 car. $1.17; 1 car, $1.3$. No. 3: 3 cars, $1.36. BARLEY. No. 1 feed: 1 car, 64c OMArIA RECEIPTS AND SHIPMENTS. 1 Week Year Receipts Today Aao Ago Wheat 2S Holiday 41 Corn '....61 Holiday 91 Oati 3 Holiday 68 Rye 2 Holiday 9 Barley" 1 Holiday 1 Shipment" W'heat ; 2 Holiday 2S Corn 89 Holiday 117 Oats- 13 Holiday 42 Rye - Holiday 7 Barley 0 Holiday o PRIMARY RECEIPTS AND SHIPMENTS (BUSHELS.) Receipts Today Year Ago Wheat 737,000 666,000 Corn 1,770,000 1,179.000 Oats 879,000 1,032,000 Shipments Wheat 414,000 446,000 Corn 1,052,000 666,000 Oats 386.000 646,000 EXPORT CLEARANCES. - Today Year Ago Wheat 130,000 258,000 Corn , 190,000 CHICAGO CAR LOT RECEIPTS. , Week Year Today Ago Ago Wheat 76 Holiday 17 Corn ,...925 Holiday 312 Oats ...212 Holiday 142 KANSAS CITY CAR LOT RECEIPTS. Week Year Today Ago Ago W-heat 201 Holiday 161 Corn SS Holiday ; 68 Oats 5 Holiday 32 ST. LOUJS CAR LOT RECEIPTS. Week Year Today Ago Ago Wheat 95 Holiday 34 Corn 163 Holiday 119 Oats 42 Holiday 11 NORTHWESTERN CAR LOT RECEIPTS OJf WHEAT. Week Ago Holiday Holiday 910 Year Ago 192 6 158 Today Minneapolis 189 Duluth 81 Winnipeg 570 CHICAGO CLOSING PRICES. By Updike Grain Co.. lug. 2627. Mar. 1. Art. I Open. I High. Low. Close. Yes'dy Wh't Mch. 1.68 1.6754 1.65 1.66 1.66 May 1.57 1.58 1.56 14 1.63 1.66V Rye May 1.4114 14H4 1.40 l.tlK 1.41 'A July 1.254 1.25 14 1.24 1.25 H 1.25'A Corn May .69 .69?i .6S4 .694 .68 July .71H .n .70?i .7144 .74 Oats May .45H .4441 .43H .44 July .46 -46V. .45 li .46ft .45 Pork May 21.89 21.82 21.50 21.82 21.30 Lard May 12.30 12.50 12.27 12.50 12.20 July 12.67 13.85 12.67 12.85 12.60 -Rib May 11.67 11.90' 11.67 11.90 11.52 July 11.00 12.22 (12.00 12.22 11.9Q Minneapolis Grain. Minneapolis March 1. Flour Un changed. In carload lots, family patents quoted at $.J09.36 a barrel in 98-poufll cotton sack. Pran $23.00. Wheat Receipts, 139 cars, compared with 192 cars a year ago. Cash: No. 1 northern, $1.64?4 1.68 ; March, $1.52; May, $1.524. Corn No. 3 yellow, 64 56c. Oats No. 1 white, 39'i440 54c. Parley 5071c. Rye No. 2, $1.42V4 1.534. - Flax No. 1. $1794 1.81 V4. Omaha Hay Market. Receipt oftpralrle hay light and demand good on the1 better grades, which has caused the better grades to advance. Al falfa receipts heavy and with the demand being poor prices have declined. Medium grade of alfalfa are slow sales and no demand. Oat and wheat straw steadv. Hay Upland prairie: f.'o. 1, $ti.00?D 12.00; No. 2, $8.6010.50; No., 3. $7.00!fi 8.60. Midland: No. 1, $l0.00it$11.00: No. 2. $8.50f9.6O. Lowland: No. 1, $8,0049.00; No. 2. $7.008.00. Alfalfa Choice. $21.0022.00: No. 1 $18. OOtf-20.00; standard, $13.00816.00; No. 2, $9.0011.00; No. J. $S.004J9.00. Straw Oat, $9.009.00; wheat, 17.50 1.00. New York Produce. New York. March 1. Butter Firm; creamery higher than extras. 6556i4c; creamery extras, 54 He; creamery firsts, 49 64c. v. Eggs Unsettled; fresh gathered extra firsts, 39q; fresh gathered firsts. 363Sc. Cheese Firm: state whole milk flats, held specials, 26 '4 59c; state whole milk flats, fresh specials. 26254c. Poultry Live. Irregular; broilers. 45 60c; chickens. 2834c; fowls. 35c; roost ers, 20c. Dressed, steady and unchanged. w Tork Metals. New York, March 1. Copper Easier; electrolytic, spot and first quarter, 12 i4 121ic; second quarter. 1313c. Iron Nominally unchanged. Antimony Spot, 6.206.25c. Lead Steady; spot. 4.00e. Tin Easy; spot and nearby. $30.00; fu tures. $80.6iSl.OO. Zinc Steady; East St. Louis. pot, 4.75 4.87c. London Money. London, March 1. Bar Silver 2i per ounce. Money 14 per cent. DUcour.t Rates Short bills, 7 per cent; threa-months bills, 6 13-16 per cent. Si. Louis Grain. " St. Louis Mo, March 1. Wheat March. $1.67; May, $1.69. Corn May, 705iffi70e; July, 7$Hc. Oats May, 48Hc; July. 46 ?ic. Chicago Produce. Chicago. March 1. Butter Higher; creamery extras, 63c; standards. 5144c. Egg Lower; receipts, 2J.778 cases; firsts, 51 33 VsC ; at mark, ease Included, 3232Hc Chicago- Potatoes. Chicago. March 1. Potatoes Steady ; receipts, 60 cars; northern whfre, sackei, $1.2091.16 cwt.; bum, tl.2691.30; Mlnne eta, sacked, and Early Ohio. $1.10 cwt. I ineed Oil. Minn.. March 1. arrive, $1.78. Duluth. Uacal and -Linseed On Financial By ALEXANDER DANA NOYES. Chicago Tribune-Omaha lice laxed W ire. New York, March 1. Except for further recovery in sterling (which itself may have been merely a spec ulative turn) today's financial mar kets gave no evidence of new im pressions regarding the larger con siderations which will make up this week's news. The stock market was subject to the same manipulative pressure that has been in evidence for two weeks or more, and the only devclopcmcnt with any new inter est was the hasty retreat of the spec ulators for the decline shows signs tbt in one stock they had tech nically "oversold" their market. It is plain t-nougn to everyone familiar with the the circumstances that the "professional sellers" in the episode are the type of operators who press a market with increased recklessness in one direction when ever the real forces moving it are ceasing to operate. 4 Pass Dividends. This does not prove that the Influences making legitimately for lower prices are no longer in the field: one or two mora of the lnduntrlal companitt passed their dividends today. But the methods and character, both of the Npeculators and the apeculatton, havo fairly strong re semblance to those which prevailed when a similar group of adventurers who sub sequently came to grief, weru conducting the final speculative rise In stocks a year ago this mouth. , Not much attention was paid In Wall Street to the extremely futile counter proposition by the Germans on the amount of reparation payment as reported in London cables. As a whole, financial Judgment In the matter remained sus pended. Th railway Bhares were generally weak. This was commonly ascribed to the' Interstate Commerce commission's re fusal to permit the Issue on bonds by the Burlington as a dividend. Kxport (Surplus Drops, The government's statement of our January foreign trada by countries of origin or destination has the interest which must attach to the change in bal ance of exports between the different na tion at a time of world-wide fall in price and at a time when maintenance by European exports to the United Stattf is imperative In the settlement of trade in debtedness. The statement shows, for one thing, that whereas our total surplus of exports over import was larger by $189. 000. 000 last January than In the same month of 1920, the export surplus in our trade with Europe was $90,000,000 smaller; A compared with December our total January export trade decreased $66,000,000. whereas our shipments to Europe alone decreased $63,000,000. Our imports from all the outside world were $57,000,000 less than in lecember. but our imports from Europe decreased only $7,900,000. That l to say the fall in prices and the business reactions operated favorably to Europe in her January trade wtHi us. New York Quotations Range of prices of the leading stocks furnished by Logan & Bryan, Peters Trust building: Monday High Low Close Close RAILS A., T. & S. F 824 8H4 81 81V4 Baltimore & Ohio 84 331,4 38V4 34 Canadian Pac. ...114 114 114 116 N. Y. & H. R 71 Ches. & Ohio 69H Erie R. R la's Ot. North., pfd... 75 Chi. Gt West S Illinois Central M., K. & T 2 K. C. South 21 Mo. Pac 18 N Y., N. H. & H. 19" North. Pac. Ry 82 U Chi. & N. W 67 H Penn. R. R 37-4 Reading Co 73 U C, R. I. & P 27 4 Sou Mi. Pac. Co 76 South. Ry 21 r-hi Mil St. P. 27i Union Pac. ....... .120 119 H9T4 120-, TV . Knob .... V 714 STFF ls Am. Car Fdry. .123H ii3 Allls-L'halmers .. Am. Loco. Co Uld. Alloy Steel. Baldwin Loco. .. Beth. Steel Crucible Steel Co, Am. Steel Lackawanna Steel 54 Midvale Steel .... 30 A Pressed Steel Car Rep. Iron & Steel 66 Ry. Steel Spring.. 8K4 U. S. Steel 81Vs "COPPERS. Anaconda. Ccp. ... 3Si 38 Am. Smlt. Ilfg... Butte & Sup Chile Copper Chino Copper ... In.sp. Cons. Cop.. Ke-nne. Cop Miami Cop Nev. Cons. Cop Ray Cons. Cop. .,13 '.4 Utah Copper Co... 49 '4 INDUSTRIALS, Am. Beet Sugar. . . 49 A. G. & W. I. S. S. 42 '4 Am. Int. Corp Am. Sum. Tob. Co Am. Cotton Oil... Am. Tel. & Tel.... Am. Z. Id & Sm.. Brooklyn Rap. T.. Beth. Ms Amer. Can Co Chandler Jls Central Leather . . Cuba C. Sug Cal. Pack. Cor.... Cal. Pet. Corp.... Corn Pro Nat. Enam 60 Fisk Rubber Co... 14V4 Oen. Elec. Co 130V4 Gaston W. & W. Gen. Ms Goodrich Co Am. H. & Lthr Ila.ikeH & Brkr... V. S. Ind. Al Int. Nickel Int. Papr AJax Rubber Kelly-SprtnKficld . Keystone Tire & R. Int. Mere. Mar.... Maxwell Motor Co. Mexican Petl'cum.17 Middle States Oil. . IT. Pure Oil Co ST,-'-, Wlllys-Overl.ind CO 74 Pierce Oil Corp. . . Tan-Am Pet. Tr-.ns Plerce-Arrow Mot. Royal Dutch Co... i:. S. Rubber Co.. Am. Sug. Rfg. Co. Sinclair Oil A Rfg. Sears-Roebuck Cu. Stromsberg Carb. . Studebaker Corp. . Tob. Pdcts Co. ... Trans-Conftal Oil. Texas Co U. S. Fd. Pr. Corp 24 U. S. Sm. IUg Min. White Motor Co. .. Wilson Co.. Inc.. Western Union... West'gh'se El, Mf Am. Woolen Co. . . JJfW ork Money. Nsir Tork. March I. Prim Mercantile Paper 7 (n1 7 per cent. ' Exchange Firm. Sterling Demand, $3.88; cables, 13.89 V. Francs Demand, 7.20c; cables, 7.22c. Belgian Francs Demand, 7.61c; cable. T.53c. - Guilders Demand. 34.20c; cables, 34.30c. Lire Demand. 3.66c; cables, 3.67c. Marks Demand, 1.62c; cables, 1.63c. Oresce Demand, 7.45c. Argentine Demand, 35.00c. Brailllan Demand, 15.62c. Montreal 13 6-1 per cent discount. Time Loans Steady; 60 days, 90 days and six months. 67 per cent. What will Radio Corp. of Am. Do, when buine improve? Comment on the Market. Read and write for OB-2, Stock Market Opportunities SheiffiJ&BMand 198 Broadway. NevtorK 70 71H VI i . . . . z. . i i 7 7 8- B 8sh a 1 2'-. 2? H 20 20 21 H 18 '4 19 19 19 19 s; B 79 'i 79 82 H 68 66 i H 38Vt lt 39-4 El 724 72 72,4 2i 26 27 76 76V 76 tlH 219, 21' H !7 27 2SVi I Hi 123 1!S lit 3ii soft '. ' 86 'i 85 86 86 Vs H 29 29 29i 29 v S9Vi 87i HUH 89U 67 56., 57 66 , 9a4 91Vi 94U 92s H 11 30's 29;, 30 50 B 64 B44 54 , i -1 30 30 U 30 R Kj i n 65'i 66 65 B 88i 8814 88 B 80Ts 81tt 81 H 38 38H lit 41 41 41 llh M f i a 8 i:im 12 EI in, iiY n4 -n'i H 2n 2t' 21H am U 34 83 H 33 Vi 344 ! 18 17 17 18 IB 18Vi 17 17 1 11 B 12 12 13'i 9 43 48 49 9 1 .... ! 4K" 48 38 42 41 B 45 44 i 44 Jl 10 "4 I t J 8 S6 87 86 B 21 '4 21 2'VJ 21'4 B 100 100 100 100. B "ii 'ii 'ii 12 I 3 s s 3 B 29 29 29 29 I 68 67 68 67 ?4 I 38 37 38 38 I v 24 23 24 24 I 61 60 60 61!4 I 40 40 40 40 1 70 69 70 70 8 .... 60 aHHMHHWHH 14 14 14 130 130 131 2 2 2 v 13 13 13 :3 37 36 36 37 .' .... 8 67 67 67 -. 68 67 68 68 15 15 16 16 ; 55 i BS 65 54 27 27 27 27 39 38 39 39 16 15 15 15 13 13 13 13 Jjsess!- IS.'. 156 156 T ' Ytt 1 1 1 RFl II 10 Jll-Si HIS4 I I 71 73 73 74 .' S 26 X 26 26 5!T 68 6960 I 66 64 66 65 ' I 92 91 91 94 o I 23 22 23 23 I 78' 76 77 76 1 , 33 32 33 33 - , I If 68 68 58 58 w 1 65 53 63 53 ! V 8 8 R'i , ' 31 41 41 41 f II - 23 23 23 ... H r 40 41 41 41 87 46 63 61 63 61 m Chicago Grain By CHARLES' D. MICHAELS. Chicago Tribune-Omaha te Leased Wire. Chicago, March 1. 'Overselling oil grains on a bearish conviction plac ed on farm reserves issued by P. S. Goodman, combined with the crop uncertainties, labor troubles and po litical complications, made a nervous feeling. The declines made early were more than recovered in the late trading and the close was at around the best prices, with net Rains of l(ii2c on May, unchanged for March wheat, 5-87-8c higher for corn. 1-4 (r3-8c on oats, 1 l-4c higher on May and l-4c lower on July rye and un changed for barley. After selling off 1 l-2c on the re serve reports there came a covering movement, due to fears of trouble between France and Germany and to a revival of the export demand. March was taken by exporters and sold by longs with a drop of lc in the premium over May. Germany took two cargoes of Pacific toast wheat. Italy took two cargoes at the gulf, Greece bought 6,000 bar rels of flour and -England took a cargo of Manchurian wheat at $1.77. Advance- Follows Break. An advance of 2,.sC followed the brenk, with March up to $1.67 ',4 and May to $1.58 and the feeling at the last was firm and crop Killers were practically silent. A feature that made the report on farm reserves of 1.456.000,000 bushels or 45 per cent of the crop and 385.000,000 bushels more than last year of little ef- Your Opportunity Join a small syndicate now forming to finance partly de veloped coal mine. Syndicate members sub-y scriptions returned in full, with interest, out of the first year's profits. Fifty-fifty split with owners on profits thereafter. Twelve foot vein of very high grade coal. Large acre age on the railroads. Low mining cost and unlimited de mand for our grade of coal. Government analysis of this coal shows that the vein rung less than 9 under Scranton, Pa., Anthracite coal in heat units, and with about half the ashes. With four months' develop ment the mine will pay hand some dividends. This advertisement will not appear again. Your only op portunity to join this syndi cate is presented to you now. For further particulars, ad dress Box X-14, Omaha Bee. Seven to on Safe Investment Bonds a For Ten j j o o term bonds- thus assuring themselves of lco to 8 interest over'future years. ' . Our March list containing a number of safe long term bonds will be forwarded on request. Ul This Columbia Grafonola and 12 Standard Columbia Records (Your Own Selection) for U9& And, as usual, you makeyour own terms. Howard 6t., Between 15th and lth Supply Your Needs by Using Bee Want Ads Best Results I ' 4 feet, was th statement by Goodman that consumption of corn ami oats on the farms wa the largest en record, despite the depicted supply "f live stock. II hrouKht buying orders after the break anil made a recovery. A gaud bUHtness was on with the top on May 69,S,e. Ca-h lota were lo hither at tho last. Country offerings wer fair and purchases to ar rive were st 9 cents under May for number four grades and 5c under for No. 3 white to arrive in t;o days. Receipts were 3S3 cur and are expect ed to keep up arovtid 300 cars for some days. Oat aeeding Is under way In the south west, south ami southern Illinois, which is earlier than the. average. Despite this, new sellers became uneasy and with buy ing by cash hoti: and lighter ofrei-luitit prices made a small gain. Shipping bus. ness revived, with 16H,(tOO bushels sold and 82 cars received. New Yorkers brotirrht rve and there were March Investments to Net 8o S. W. Bell Tel. 7, 1925 Republic of Chile 8s, 1941 Our March circular describes these v and other attractive issues. .. Copy on request. BURNS, BRINKER & CO. 1026 TERMINAL BLDG. LINCOLN I OIL-IS-TIIE-FORTUflE BUILDER Our development plan is NEW SIMPLE CLEAN DIRECT $20 buys the largest proportionate part in Oil profits ever known. Some time ago we purchased a tract of land as an in vestment. It is now in the heart of one of the best Oil and Gas districts in the United States. Pipe lines run on all sides. We muit drill offset wells.s there are producing wells within 200 feet of this land. The development work bein done in this field, and the increased production com ing in around us, has greatly increased the value of our land. We want to drill at once, and we will give investors, large or small, an opportunity to come in with us and de velop the land for Oil and Gas. If you have a little money and want to get into a big deal at the bottom, now is your opportunity, as it will only last until we raise enough money to drill our first two wells. We do not sell stock. You are buying an interest in valuable property, and you receive a Warranty Deed for the tracts you buy. Even a in-,. tract at $20 now gives you the possibility of making a small for tune. An Authentic Oil Field Map showing location of our land, also our development plan will be sent you upon request. Write, phone or come to our office. GLOVER & MORELL Real Estate 718-720 Keeline Bldg. Omaha. INVEST YOUR MONEY WITH AN Eight Per to Twenty-Five Years HREWD INVESTORS, realizing, that present high rates for money cannot rnntinnp. inHpfinitelv. are hnvin$r lonp" National Bank npler OlOO 17 Service... m the Careful for Grain and Delivery in All Wc Operate Private " Wire Connections to All Offices Except Kansas Cii? 9 WC SOLICIT YOUR , Consignments of All Kinds of Grain to OMAHA, CHICAGO, MILWAUKEE, KANSAS CITY and SIOUX CITY Every Car Receives Careful Personal Attention The Updike Grain Company THE RELIABLE CONSIGNMENT HOUSE orders to buy May wheat and sell ry-). olfariiKi were llKht which restricted trading. July showed tho most weakness whllo May galued lfcc. I'lll Notes. Ttlrm reserves cf wheat. March 1, as estimated by P. H. Goodman for Clement Curtis, were l2,')00,o0 bunhnl or tho same a announced by the government for Jsmiary 1. Th"y aro 27.O0O.OO0 bushels over last year. Whether tho Goodman or the government figure are correct re mains to be aeon. To keep in line the government figures due March t should show 30,000.000 tmnhttls less. Snow es timate on reserves 1 due tomorrow and is eieted to shew good stocks on farpia. Kansas City offored hard winter to cemo here 2c lower thin .Monday. Minneapo lis offered No. .1 dnrk northern at 8c, un der March, on delivery bast. Milling sales were HS.OOA hush-Is. Murine u largely local with the sellout scattered. and Investments. - Phone Tyler 3623. ESTABLISHED FIRM. Cent Handling of All Order Provisions for Future the Important Markets Offices al Omaha., Nebraska Lincoln, Nebraska Halting, Nebraska Chicago, UlinoU Siona City Iowa Holdrege, Nebraska Genera, Nebraska Des Moines, lewa Milwaukee, Wisconsin Hamburg, Iowa Kansas City, Missouri An Innovation in Bond Selling T(ie Guaranty Securities Company of Nebraska Resources $3,648,060.21 Owners of The 'Securities Building' Corner of 16th and Far nam Have Decided to place the "Securities Building" 2 M -Year Coupon Bond Issue of February 1st, 1921, direct with investors and from their own institu tion exclusively. The commission usually allowed banks and brokers, who as a rule would partici pate with us in this kind ot an offering, will in this cas9 be allowed the investor, which will enable us to price these choice Bonds at a fig ure To Net 8.63 Tax Free Interest paid quarterly at the Pioneer State Bank 5n Omaha, commencing May 1. We Intend to Distribute These Bonds Among as Many Investors as Possible and We Offer Starting Thursday, March 3rd One hundred $500.00 Bonds of this issue for immediate delivery. At $475.00 Each ' TO INSURE THAT THESE BONDS WILL NOT BE BOUGHT BY BROKERS FOR RESALE LATER AT A HIGH ER PRICE WE HAVE PLACED A LIMIT OF FIVE BONDS TO A CUSTOMER. Subscription List will be opened at 9 o'clock Thursday morning, March 3d, and ill remain open un til this special lot of 100 Bonds is disposed of posi tively no more will be of fered at this price. The Soundness - of this investment is appre; ciated by financial Omaha, it being well known that the security behind these Bonds is in the ratio of three for one and that the annual net income from rentals alone is great enough to pay the in terest requirements of the issue several times over. Nebraska Investors need not send their funds east or abroad in order to secure an interest return of 8 per cent. "Securities Building" Bonds bought di rectly from us the owners will yield- 8.63 and Will Be Tax Free as Well This special lot of 100 $500 Bonds will be placed on sale Thursday, March 3. Watch the daily papers for further announcements, which will be made from time to time and which will refer to special offerings similar to this one wherein "Securities Building" Bonds of various denominations will be offered the investing public at prices to net 8.63 tax free, being sold by us as owners direct to the in vestor. CALL OR SEND FOR CIRCULAR Out of town investors may wire their order at our ex pense. 1 Guaranty Securities Company AND Pioneer State Bank Farnam Street Entrance Securities Building Omaha, Nebi COUPONTar Off and Mail I enclose herewith $ as payment in full for. . . ." $500 Bonds to cost me $475 each. Have these Bondsregistered in the name of Address Town . . . State '.
