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
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41 41 41 llh M
f i a 8 i:im 12 EI
in, iiY n4 -n'i H
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18 17 17 18 IB
18Vi 17 17 1
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12 12 13'i 9
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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
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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
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130 130 131
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.' .... 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
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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 '.
