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About Omaha daily bee. (Omaha [Neb.]) 187?-1922 | View Entire Issue (March 17, 1921)
THE BEE: OMAHA. THURSDAY, MAKL'H U, 15 X United States ; To Be Greatest Lender in World 'Position Exactly Reverse That Of Generation Ago; Europe Will Offer Securities for Sale. By HOLLAND. Immediately after the resumption ot specie payments in, 1879 there came a spurt of prosperity which was especially noticeable in the field or railroad promotions. It was due in great measure to the ease with which funds were borrowed in Eu iope. It lasted for four or five years and then came the collapse which was sometimes called the Grant and Ward panic. Almost all of our railroad financing was made possible by the willingness of Eu rope to lend money." ' James J. Hill said, some years later: "All these railroad undertak ings, were banking propositions." He knew that to be a fact because he was able to obtain needed funds throtiRh his Canadian associations. The Northern, Pacific bankruptcies revealed the enormity pf the borrow ings in Europe based upon the secu rities isMicd by this railroad com pany. In a little ofer a generation's time the situation has changed. The war changed the attitude of the Uuited States from that of the greatest na tional borrower in the w.orld to that of the greatest lender in the world. We absorbed much the greater part of our debt to Europe, at least that part of it which was backed by rail road and industrial securities. Develops Resources. - After the civil war the United States began to develop some part of our natural resources and greatly to expand our railroad systems by means of money which was secured by the marketing of securities in London and upon the continent of Europe. Now a reverse action is certainly to be observed as soon as the tangled difficulties which have been raised by the reparation problems are un tangled, as they will be. When that is done, European governments and foreign industrial corporations will turn to the United States as we did more than a generation ago to En rope. They will offer for sale in this country securities behind which stand unquestioned values and these offer ings will be made in the hope and presumably the certainty that they will be accepted in the United States. In fact already foreign government loans have been easily floated in the markets here. These hear the guar antee of France, of Belgium and of Denmark. They are unaffected by any fluctuations in foreign exchange because they were issued in dollar denominations. Wht Kuropy Will Do. Ons of thf best authorities In the fi nancial district, when sprskitiK of the out look, said thst'sfter European nations re re-extnliltalieil on a firm footing;, and when the fear of national bankruptcy has rawed away, then European securities will be Issued In sui'h tempting- form as to make them popular not only with Ameri can banking Institutions, but- also with the Individual investor. Many timel the statement has been made by those who apeak with authority that we cannot expect that the stupendous trade balance In favor of the United Htates will be liquidated and normal eondltlons restored by the payment of all or any considerable part of this debt in ftolil. Some gold will find Its way here and it will be somewhat reluctantly accepted be cause we have no need of It, We cannot look for a considerable liquidation ot this debt through the marketing in thla coun try of foreign commodities. But the way Is open for giving substantial aid to Kurope through the purchase of highly approved securities. - 1920 Trade. ' Sometimes despairing words are heard when the record of our foreign trade in 1920 la uoder discussion. This 1 not be cause the visible trade balance was 1,000. 000.000 less than the visible trade balance of the preceding two or three years. The anxieties are due. as confessed, to the fall ing away from the record of previous years of our aggregate international trade. It would Je Incredible, however, if re port were made that our tnternatlonnl trade in 1910 did not decline as compared with trnde the year previous butincreasad : nicrecllliie because the trade of the ennre world fell off In 120. In speaking' of this, one of the authorities says that the International situation continues to over shadow domestic trade and industry. One of Mysteries. The report often has been made In this column of the acknowledged mystery which conceals the means by which the Vnited States was able to aecure an In visible and favorable trade balance of S7.000.000 In the two years, 1919 and 1920. The surmise, however, is inevitable that the greater part of this trade balance represents goods not yet paid for. but for which long time credits have been grant ed. Sometles the question is asked, "What is the United States doing in this day of world wide emergency " The answer to that question will be found In the fact that we have advanced credits which have enabled the world to buy an excess of commodities over their sales to us, which )n the aggregate built up in two years a favorable trado balance of over 17,000,000. Omaha Hay Market. Receipts ot prairie hay light and de mand good on better grades, which baa auaed tne better grades to advance. Ifalfa receins heavy while the demand -Is quiet causing prices to decline. Lower grades or aitails are slow sales, oat and wheat straw steady. No. 1 Upland Prairie Hay. tll.tOl!.so. No. 2 Upland Prairie Hay. I9.0011.00. No. S Upland Prairie Hay. $7.00 8.60. No. 1 Midland Prairie Hay. 10.50fflJt.5O. No. 2 Midland Prairie Hay. I.50I0.S0. No. 1 Lowland Prairie Hay, g.00i.00. No. S Lowland Pralrle'Hay, JT.OOCS.00. Choice Alfalfa. tSO.OOlJ J1.00. No. 1 Alfalfa. 117.00$ 19.00. Standard Alfalfa. 111.00016.00. Sioux City Live Stock. Sioux City. la., March 1. Cattle Re ceipts, 4 000 head: market weak. 26c lower: fat cows and heifers, I5.09iffs.00; canners. I5.J594.00; veals, $6,0060; ' feeders, $8.0$e25; calves. I5.00.00; feeding cows and heifers, I4.00IJS.60; stackers. J5. 0017. 60. Hogs Receipts, ,000 head: market SS 50c lower; light, IM6310.00; mixed. $9.50S-.;5; heavy, $9.0089.60; bulk of (Sirs. $9.15ffiS0. Sheep and Lambs Receipts, 700 head; market steady. ' St. Joseph live. Stock. St. Joseph, March It. Cattle Re ceipts, 2.000 head; market low, weak to S5c lower: steers, $7.0010.00: cows and heifers. JS.50S9.CJ; ralbes, I6.50fi9.50. Hogs Receipts. T.000 head: market dull, opening 6jt76c lower; top, $10.00; bulk of sales, $9.40 90. i ... , Pheep and Lambs Receipts, 3,500 head; market dull, prospects lower; lambs, $8.50 $."5; ewes, 95.00W5.60. New York Sugar. New Tork. March 16. There was no announcement from the Cuban commit tee In regard to Its next allocation price for sugar, although they did announce that since March 10, they had made sales of 37! tons at 6e. f. o. .. It. 500 tons to T'ntted States buyers at 5c. f. e. b., and 11.500 tons to foreign destinations at 4.85c. f. o. b., all for March-April shipment. Prices In the meantime are nominal, al though full duty and Porto Rico sugars are offered at equal to .J7e for Centri fugal with buyers inclined to hold off and await the announcement ot the next Cuban pries. ' ?tew York Pry Goods. New Tork, March 10. Cotton goods were . . , J - -1 , W m.I... ...... A r, wlnt "Tloths and sheeting. Demettes for fall delivery sold well and prints and percales moved steadily on past orders. Otnghams ruled firm, burlaps weak, and sales quiet. New hosiery sales will bs made by large houses next week. New orders are being placed OB underwear for fall. Chlcavg Potatoes, Chicago. Vsrch 18. Potatoes dull, re cects 45 cars: Northern white sckd mrd n'tilk. Sc lower. I1.2t1.scwt.; Idaho russets sacked, $2,356 1.50 cwt. Market, Financial Financial By ALEXANDER DANA NOYES. Chicago Tribune-Omaha Bee Leased Wire, New York, March 16. It was al together natural that the money mar ket's unruffled condition during the heavy tax collections, which were competed Tuesday, should have had its influence on tinancial sentiment. That influence was embodied today in a relapse of call money rates to 6 per cent on the stock exchange and in a rapid and general recovery of stocks. So far as regards the stock market, today's numerous ad vances of 1 to . points on a sub stntially increased business probably indicated as much as anything, the effect produced by the checking of a downward movement. It is now apparent that much, if not most, of last week's suddenly increased sales occurred, not because of the news, but simply because of the sight of what appeared to be the beginning of another continuous break. The fact that this heavy selling ceased at once when prices showed resistance and that trading forth with fell into almost complete inac tivity was, in such a market, the signal for recovery. It is hardly necessary to assume that it was caused by the day's easier rnone; it is a case of speculative action. Decline Kecovercd. To one who "as'Tlbeil to the news of last week the break In the railway shares which began last Wednesday. It should be intorcKilng to observe that today's closing prices showed the subsequent de cline to have been completely recovered. In Itself, today's 6 per cent money rate was not a matter of great Importance. Probably It reflected the disbursement ot cash ly the treasury against the tax col lections and the settling back of hank reserves Into their unual condition after the abnormally large; shifting ot funds. There was some talk on Wall street, of a near reduction in federal, reserve bank rates, but this is premature. Keservo ra tios have risen rapidly and nolo circula tion has fallen more rapidly than ever he fore In the system's history, hut the bank rate Is governed by the extent of out standing credits and with the federal reserve banks, that account, notwith standing1 the great fall of prices, reaction In trade and financial liquidation. is still barely S.'ili.OOO.tmo, or 2 per cent less than at this time In 19:0. 1 Watch Steel Industry. :Vlth the bewilderment over, the future course of the steel and Iron industry is naturally watched with peculiar interest. The feeling that at least some clue to the general trend of affairs will 'he found in that trade has never been wholtey shak en off. hut the current midweek reviews only emphasize the obscurities of the sit us ion. The Iron Age reports tho steel Industry, as a whole. Is now operating at less than .16 per cent of capacity as against 40 per cent last week and 70 to i0 only a few months ago The United States Steel Corporation itself is now working on a 45 per cent basis; two or three weeks ago the estimate was 65 per cent, and in JaniliirV thn friifl,. lirpan, r.r.n-,A,l it I erailne- around 90 per cent, "with Indica tions that this condition will be main tained throughout the winter." The steel market itself hss been describ ed this week by a well-known western Iron firm, as "the most stagnant and unresponsive in a generation.'' This is not strictly accurate for the estimated out put ofythe mills in December of 1914 was only TO to 35 per cent of capacity and it will also be remembered that in com paring production with years before the war, allowance must be made for the tin. precedently rapid construction of new mills and furnaces to met the abnormal J'1' demands. But the comparison with 1950 remains and the market speaks for itself. New York Quotations Range of prices of tho leading stacks furnished by Logan & Bryan, Peters Trust building: RAILS. Tuft. High Low Close Close A., T. & S. F 81 14 SO'i 81 ii 80 Baltimore & Ohio. 33 32 S3 '4 32 Canadian Pacific. .114 U 112 11414 lll' 1. central .... rv t)5 63s Chs. & Ohio 69 69 50 67 V2 Erie R. R 12ti 12 Ui last Ot. Northern, pfd. 74V4 721i 74V, 71 ' .mo., nan. lex.. 3 3i 214 Kan. City Southern 23 84 22 - S3 H 23 'i Missouri Pacific ... 18 1, 18 18t IHi N. T.. X. H. & H.. 17i J6H 1 17 Northern Paclflo . ni ,si 80V TH',1 Chi. & N. W 7H 66 4 67H t6 Penn. R. R S74 36 4, S7 36'i Reading Co 9i 67M, 6i 68-J C. R. I. & P 26 2514 26 24 '4 Southern Paclflo .. 75 7.1 H 74 73'4 Southern Railway. 21 4 20 J1H 20yt Chi., Mil. & St. P.. 254 !5 25i 24H Union Pacific 1184 116 118U 1154 Wabash 7-"t 7i 7i 7 STEELS Am. Car A Fdry. .122V 121, 121T4 123 Allis-Chalmers ... ?8U 35 3ft 35 Am. Loco. Co 86Vi 85 861, 84 Utd. Alloy Steel 32 Baldwin Loco 87 4 85 87 84H Beth. Steel Corp... 66H 65H 5H 54 Crucible Steel Co. 884, 85 87 H 85 Am. Steel Fdry.... 30 30 30 U 291 Lackawanna Steel . .' 61 Mtdvale Steel .... 304 30 30 3i Pressed Steel Car 86 U 86 14 844 Rep. Iron-Steel .. 664 66H 66?4 C4s Ry. Steel Sprg 894 89 14 83 4i 89 Sloss-Shef. St U. S. Steel 8074 794 $0 79 COPPERS Anaconda Cop. Mn 87 V, -37H S7 37 H Am. Smlt. & Rfg... 404 89 4 40 4 3$4 Butte & Sup 124 124 124 Chile Copper Co... 10 10 10 94 Chlno Cop 21 204 21 204 Cal. S Ariz. ...... 464 454 454 Insp. Cons. Cop.... 83, 32 3?S 32 Kenne. Cop 174 17'4 17H 164 Miami Cop. Co....." 11 17H 17 174 Nov, Con. Cop 10 9 '4 10 9 4 Ray Con. Cop 12 11 12 11 Utah Cop. Co...... 50 49 50 49 INDUSTRIALS. Am. Beet Sugar... 43 414. 42'4 404 A., O. & V. I. S. S. SS 32'P 33T4 364 Am. Int. Corp 434 41 4 43 4 414 Am. Sum. Tob 80 T4 79 80 4 '$4 Am. Cotton Oil.... 214 21 214 .... Am. Tel. & Tel.... 102 101 "4 102 102 Am. Z, L. & S 8'4 8T4 8T4 Brooklyn Rap. Tr. 14 4 13 14 13 4. Bethlehem Motors. 24 2 24 24 Am. Can Co 29 27 29 274 Chandler Motor .. 764 74Vi 764 Central Leather .. 39 38 89 871 Cuba Cane 8ugar.. 22U 21 i 22 214 Cal, Pack. Corp... 60 59 4 60 60 Cal. Pet. Corp 41 37, 404 74 Corn Prod. Rfg. .. 724 704 724 70 Nat, En. t stamp. 68 68 S8 Flsk Rubber, Co... 144 1 1' 184 General Electric ..151 131 131 131 Gaston Wms. & VT. 2 14 1T4 2 General Motors Co. 13 124 13 124 Goodrich Co S6i 36 $64 35'4 Am. H. & L. Co... 94 4 T4 U. S. Ind. Alcohol 68 66 68 65 Internal. Nickel ..144 144 14 5i 14 Internat. Paper ..56 4 64 554 64 4 AJax Rubber Co... 81 VI 29 4 31 284 Kelly-Spgfld. Tire. 404 384 40 394 Keystone T. A R.. 15 14 154 144 Internat. Merc. M. 134 J3 18 124 Mexican Pet. 1464 143 1464 143 Middle States Oil. 124 12s 124 12 Pure Oil Co 34 33 84 33 Willys-Overland ..8 4 7 4 $ 1 Pierce Oil Corp... 104 104 10V4 10 Pan-Am. P. & T.. 704 68 70 68 Plerce-Arrow Mot. 274 254 2 254 Royal Dutch Co... 634 62 8 4 62 V. S. Rubber Co... 694 6'H 694 674 Am. Sugar Rfg.... 91 S 91 89 Sinclair Oil Rfg. 234 224 234 22 Sears-Roebuck Co.. 77 4 76 4 T64 74'4 stromsberg- Carb... 334 S34 33 32 Studebaker Corp. .. 64 604 64 60 Tob. Products Co. 52 61 tl 4 60 Wilson Co., Inc 40 West. Airbrake ... 95 9 6 West. El. & Mfg... 474 47 47 464 Am. Woolen Co 644 2K 64 44 Total sales. 918.900. Money Close, 6; Tuesday close. 7. Marks Close. .01014; Tuesday close, .0160. Sterling Close, 1.91; Tuesday close, J.904. Francs Close, ,0705; Tuesday close, .0688. Liberty BonS Prices. New Tork, March 16. Prices of liberty bonds at noon tndn-- were: 34s, 90.74: first 4s, 86.90 bid; jnd. 4's. 86.92; first 4s. 87.30; second 4's, 86.90: third 4 Us, 90.18; fourth 4 4s, 87.04; victory 3a J7.J0;. Victory. 4e. 7.26, Liberty bonds closed: 84s, 90.62; first 4s, 88.80 bid; second 4s. 87.00; first 44, 87.60: second 44s. 87.04: third 4 4s. 90.16: .fonrth 44s. 87.24; Victory 3s. 97.28; Victory 4s, 97.30. New York Dried Fruits. New York, March It. Evaporated Ap ples Firm. Prunes Unsettled Apricota and Peaches Steady. Raisins Firm. Live Stock Omaha, March 18. Receipts were: Cattle Hogs Sheep Official Monday.... 9.567 6,694 H.3S0 Offlolal Tuesday .... 6,906 12.347 9,637 Kstlmate Wednesday 8,000 16.S00 4.500 Three days this wk.24.473 34.341 30,617 Same days last wk. 26.32s S.iU 86.458 Same day 3 wkfsgo. 20.2H6 37.200 38.319 Same day 3 wks ago. 16.861 42,079 32.629 Same day yr ago... 33.014 40.853 26,366 Cattle Liberal cattle receipts Wednes day about 8.000 head were responsible for a still further decline of l56'2.".o In prices for both beef steers and butcher stock making the decline so far this week fully half dollar on an average. Both local packers and shippers acted as if thsy were in no very urgent need of .supplies and even at the lower levels they were slow buyers, Stockers and feeders wore In fairly liberal supply but dnmatld was alack and prices unevenly lower for prac tically everything In this line. Quotations on Cattle Clnofl, to choice beeves. $9.10S 9 76; fair to good beeves, 88 40H9.10; common to fair beeves, $7.6M 8.25; good to choice yearlings, $8.709.60; fair to good yearlings, $S.t68.T5; com mon to fair yearlings. 87 50ft 8 25: choice to prime heifers. 87.75jr8.25; good to cholve heifers. $6. 6015 7.60; choice to prime cows, $7. 0047. 76: good to choice cows, IS. 26(3 7.00; fair to good cows. $5. 504)6. 26: common to fair cows. $3.O05,0O; good to choice feeders. $8.60 9 9.00; fair to good feeders, $7 .50 tt 9.00; food to choice stock ers, $8. 26198.75; fair to good stockers, $7.758.28; common to fnlr stocksrs, $7.00 ig! 7.75 ; stock heifers. $6.5OSi)7.00; stock cows, $i.75!$6.00; stock cslves. 16.00 ff 7.73; veal calves, 100fl9.60; bulls, stags etc., $4.257.O0. BEEF STEERS. No. Av. Pr. No. Av. Pr. 19 1041 7 75 76. 1081 8 25 24 809 8 35 34 980 8 40 37 831 8 60 20 1069 8 65 22. 3090 , 8 85 20 1178 8 90 17 1050 9 00 11 1200 9 10 20 1298 t 15 46 1202 9 25 17 1303 25 20 1227 9 40 20 1378 9 60 STEERS AND HEIFERS. 50 873 8 10 25 880 8 25 15...... 785 8 35 1 1 805 8 40 19 1078 ( 60 . 1.1 711 8 70 9 765 8 00 10 1077 9 20 YEARLINGS. 17 770 8 nn 8 63S 8 li 13 .. 838 . 8 73 COWS. 13 980 5 75 10 694 6 25 30 1104 6 75 ' HEIFERS. 47 768 S 75 10. .... .1105 7 25 13 443 7 75 21 758 7 95 20. 868 8 00 STOCKERS AND FEEDERS. 19...... 967 7 25 25 852 7 60 10 854 7 85 22 996 8 10 57 918 8 25 14 987 8 40 10 996 8 60 79 943 8 60 24 1090 8 85 BULLS. 3 1276 AO 1 1910 6 25 2 510 6 50 CALVES. 6 456 6 60 16 373 6 60 Hogs With 15. "00 hogs reported here this morning, and with reports from other markets extremely bearish, the local trade suffered a sharp decline. Shipping demand was very light and packers made a sharp cut In values, the average trado ruling fully a half dollar lower than vesterrtay or 60jf75o lower when yesterday's hiBh shipper market is considered. Best light hogs dropped, to $10.00. the days' top. and bulk of the receipts sold at a scattered spread of $9.15(9.76. HOG?. No. Av. Hhk. Pr. No. Av. Shk Pr. 27..;." JSn 9 00 29..2R5 70 9 10 70.. 257 140 S 15 30 .285 ft 9 "0 SJ. .251 9 25 73. .230 70 9 30 69.. 277 40 9 33 63.. 265 9 4 5 2 - S 2 f? . 9 4"' 28. .247 9 60 63. .227 70 9 55 80. .218 40 9 60 ' S. . 211 8 65 45. .175 10 00 Sheep Only 4,600 slbep and lambs were received today and fat lambs sold at prices steady 10 a quarter lower with fat sheep moving on a generally steady basis. Trading was rather dull throughout. Best fat lambs brought $9.76)IO.OO with good ewes selling at $5.85. No feeding or shear ing stock was shown and thla branch of the trade remained unchanged. Quotations on Sheep: best fat lambo. $9 7 a ft 10. 00; medium to good lambs. 19.50 976; plan and heavy lambs, $8.75 !'.2?i Ahorn la,l,. $.O08.76: yearllncs, . 50 S.6; aged wethers, $8.00ffJ 6.76; good to choice ewes. $j.60Sfl.OO; fair to good ewoa. $5.0065.60: cull and feeder ew-s. $2.00(93.25; shearing- lambs, $8.25 FAT LAMBS. No. Av. Pr. - No. Av. Pr .J! 9 7 00 603 80 9 70 -36...... 65 9 50 6S8 82 9 85 s" 82 10 15 203 1(17 00 US '--,! flf 22 " 70 .i o no FAT EWES. H J 75 213.. ...10 91 118 5 75 187 11 1 03 6 50 89 9 5 90 ,.1.4 Chicago Live Stock. annn "l',lrih 1 Cattle Receipts. 9.000 head: beef steers n,i hti... .vl tch we4k to 250 'wer; top beef steers. S cJ .," e wo,nt. il-20 pound, bulk, 88.76 9., 6: fat cows and heifers, largely $6.0097.75; bulls, steady, bulk. $5.26 6.25; veal calves, mostly 80c lower; bulk to packers. $10.5011.60; stockers and feeders, steady to ISo lower. Hogs Receipts. S3.000 head; lights. 35 50o lower; others, 6075o lower than yesterday's average; closed weak: lib eral hold-overs mostly heavies, anv of which did not receive a bid; several 'local killers still' out of market, top, $10.25; bulk 200 pounds down, $10.1610.60; bulk 220 pounds up. $9.009.75: pigs, about steady: bulk desirable, 80 to 120 pounds, $10.00(6110.50. Sheep and Lambs Receipts, 10.000 head: Rheep, light, and handy lambs, steady; heavy lambs, slow; mostly unsold at noon; wootcd lamb top. $10.25; shorn lamb top, $$.75; average around 70 pounds: bulk fat wooled lambs. $9.5010.00; choice 97 pound wooled yearlings, $8.50; ewe top, $6.25; bulk fat ewes, $5. 50 S 6.00. ' St. Loul Live Stock. East St. Louis. 111., March 16. Cattle Receipts, 4,009 head; steers, 26c lower: top, $9.50; bulk, $7.75 8.76: rows and heifers, 1526c lower; bulk heifers. $7.00 O8.60; bulk cows, $6.76 6.75 ; bulls, 25c lower; bulk, $5.2596.75 canners, steady; bulk, $3.7638.25; stockers and feeders, 15 25c lower: bulk, $7.00$5.00; early veal calf top, $11.60; late, $11,00. Hogs Receipts, 10,000 head; closing, dull and weak; P0(3!76c lower than yes terday's average,; poor clearance; early to $10.80; late, $10.60; bulk lights and medium, $9.5010.50; bulk heavies, $9.25 9.60; packer sows, mostly 6O0 lower; pigs, about 26o lower; quality, good. Sheep and Lambs Closing, dull and weak: 2660o lower: most of receipts unsold; packers received 1.000 lambs di rect from yesterday's western markets; majority of nledlum to good heavy lambs and yearlings; lambs sold in small bunches to city butchers from $9.25 to $9.50; packers took one deck of 80-pound medi ums at $9.00; one declt of plain feeders brought $6.75. Kansas City Live Stock. Kansas City, March 16. Cattle Re ceipts, 7,000 .head; beef steers weak to 25c lower; better grades heavy kinds weakest; top. $9.75; bulk, $8.0009.00; she stock and feeders steady to weak; choice cows, $6.607.00; few choice heifers. $8.00 8.50; alt other classes generally steady: bulk canners, $2.753.00; best vealers, Hogs Receipts, 7.600 bead: light hogs to shippers. 2580c lower: medium and heavies to packers, 75c lower: packer top. $9.50; best 75-pound hogs to shippers, 10 25c lower: bulk ot sales. $9.0010.00. Sheep and Lambs-!-Receipts, 7.000 head: market weak: lambs, mostly 254140c low er: one double to shippers. $10.00; packer top, $9.75: clipped lambs. $8.7 Wfinfis your money worth in Canada? Equivalent bond prices in multiples of one quarter shown in a new book of tables covering premium rates from 8 to 17 on the United States dollar. A copy will bs sent sn request fsr OB-37S The Nitiooil City Company ' Omaha First National Bank Bldf . Telephone Douzlss 381 3&II6nal eirrEgB and Industrial News of Omaha Grain March 16, 1921. With a higher future market in wheat the cash gain at Omaha brought prices ranging 2 to 3 cents higher, the general tone 2c to 3c or more highr. Corn prices ranged 'ic to lc higher. Oats were generally ViC up. Rye was unchanged and bar ley nominally unchanged. The de mand for all grains was good and offerings were cleaned up in good season. Kxport sales of wheat today are estimated at 500,000 bushels. Rosen bauni Review says it has a message from a manager of a line of country elevators in Oklahoma as follows: "The state and United States ento mologist is pessimistic over the wheat outlook on account of green bugs." Russel's news wire stated exporters continue to experience considerable difficulty in securing cash wheat with which to fill sales. WHEAT. No 1 hsrd: 1 car, $1.65 (special billing); 1 car, $1,63. No. 3 hard: I cars. 11.81; 1 csr, $1.80 (smutty); 1 car, $1.49; 2 cars, $1.48 (smut ty) No. 3 hard: 3 cars. $1.60: 6 cars, $1.49; 1 car, $1.47; 1 car, $1.45 (smutty.) No. 6 hard: 1 esc, $1.46; 1 car, $1.41 (smutty.) No. 6 hard: 1 car, $1.43; 8-5 car, $1.41. Sample hard: 1 car. $1,46; 1 car. $1.88. No. 1 spring: 1 car, $1.65 (northern Montana. No. 6 spring: 1 car, $1.25 (northsrn). No. 2 mixed: 1 car, $1.49 (hard smutty.) No. 3 mixed: 1 car, $1.46 (very smutty); 1 csr, $1.43 (durum); 4 car, $1.40. (durum.) Sample mixed: 1 car. $1.20. CORN. No. 2 white; 1 car, 66 4c. No. 3 white: 2 cars, 64c. No. 4 w-hite: S cars, 6So; 1 csr (ship per's weffchts), 53c. No. 2 yellow: z cars, oovjc; i cars, oou. No. 3 yellow: cars. 54c. No. 4 yellow: No. 3 mixed: No. 2 white: No. 8 white: No. 4 white: No, 3 mixed: 1 car. Doc; z cars, otjc; 1 car, B34c; 13 cars. 63c. 2 cars. 64c; 3 cars, 63 40. OATS. 1 car, 404c 10 cars, 40c. 1 car, 40c. 2-5 car, 40c. , RTn. No. 3: 4 car, $1.36. CHICAGO CAR LOT RECEIPTS. Today Wk. Ago Yr. Ago Wheat " 3 17 Cnrn 283 636 89 Oats 107 127 SV KANSAS CITY CAR LOT RECEIPTS. Todav Wk. Ago Yr. Ago Wheat 94 83 135 Corn '...J 1 55 40 Oats .. 13 1 ST. LOUIS CAR LOT RECEIPTS. Todav Wk. Ago Yr. Ago Wheat 46 68 32 Corn 64 80 93 Oats 53 34 2o NORTHWESTERN CAR LOT RECEIPTS OF WHEAT Todav Wit. Ago Tr. Ago Minneapolis 246 184 177 Puluth 106 135 1 5 Winnipeg 106 130 178 PRIMARY RECEIPTS AND SHIPMENTS Receipts Today Yr. Ago Wheat 721.000 627.000 Corn 1,102,000 896,000 Oats 667,000 490,000 Shipments- Wheat 683.000 419,000 429.000 414,000 Corn 445,Q'T0 Oats S32.000 EXPORT CLEARANCES. Today Yr. Ago Wheat 666.000 412,000 Corn 446.000 85.000 OMAHA RECEIPTS AND SHIPMENTS. Receipts Today Wk. Ago Yr. Ago Wheat 48 27 15 Corn 63 66 69 Oat 25 11 14 Rye 1 . S Barley 1 I Shipments . Wheat 37 48 . 14 Corn 34 5S 28 Oats 6 12 IS Rye 1 21 Barley 3 1 CHICAGO CLOSING PRICES. By Updike Grain Co.v Doug. 2627. Mar. 16. Art. I Open. High. 1 Low. Close. Sa Mch.' 1.664 1.694 1.551 1.69 1.654 May 1.494 1-52 1.48i 1.63 1.49 Rye v' May 1.38 1.404 1-38 1.394. 1-374 July 1.134 1-19 1.174 1.184 1." Corn May .69, .694 .69 .894 July .714 .72 .714 .71 .714 Oats May ..484 .434 .424 .434 .42 July .44 .444 .444 .444 .44 Pork Mav. 20.70 20.70 20.60 20.60 21.00 Lsfd May 11.60 11.60 11.37 11.50' 11.80 July 12.00 13.00 111.75 11.85 12.15 Ribs ) May 11.25 11.27 11.20 11.25 11.40 July 11.50 11.57 111. 60 11.67 11.75 Minneapolis Grain. Minneapolis, Man., March 16. Flour, unchanged to 25c higher; in carload lots, family patents quoted at $8.75 a barrel in 98 pound cotton sacks. Brsn, $23.00. Wheat receipts, 246 cars compared with 197 cars a year ago. Cash No. 1, north ern, $1.57 tf' 1.634; March, $1,464; May. $1,454. Corn No. 3 yellow, 54 55c. Oats No. 3 white, 3738,c. Barley 48 068c. Bye No. 2, $1.S81.394- Flax No. 1, $1.72 4 1.754- Every Investor . Should Have Investor's Pocket Manual 273 Pag Booklet issasd MontUr Hih mnA low records of 5.000 stocks and . m .... j t Ann Don as ana statistical ucscnptions oi 400 corporations. Will be furnished FKfcfc by your own investment house on request, OR if not, we will send names of houses which will send you FREE monthly copies. FINANCIAL PRESS, 116 Broad St., N, Y. ( Let Us Handle your grain shipment to tho Omaha, Chicago, Milwaukee, Kansas City, Sioux City, or any other markets. We Specialize In the careful handling of all orders for gram and provisions for furore 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 Omaha and Milwaukee Markets with the latest facili ties for handling your shipments. ' s Updike Grain Co. The Reliable Consignment House Omaha, Nebraska Chicago Grain 1 By CHARLES t. MICHAELS. Chics go Tribune-Omaha Bee Iased Wire. Chicago, March 16. A lessening of the selling pressure, a hardening in cash wheat premiums and a small increase in the buying of all grains, combined with the advance in stocks in Wall street and in cotton, all con tributed to making a better feeling in grains today. There was less gloom and more real sunshine. A small dip in prices early followed an ad vance, with the close around the high point. Wheat was up 2J.j(5J3j-ic. corn and oats yiHc and rye lj'j l 'c. Wheat receipts, 36 cars. Foreigners continue to buy wheat in this country and in Argentina. Cash premiums at the Gulf have ad vanced 4 cents this week and it is hard to buy without affecting prices. The farmers in the southwest are not selling, although they have more there than in any other section. Cash handlers at Kansas City' have sold a lot of wheat for export and are said to be in the market for it. Cash premiums here were lc higher and all markets reported hardening premiiUns, with exporters and mil lers buying. These factors were the basis for a better tone in the market and, created improved buying. Lsrgo Export Trade. Export business In all positions aggre gated around 1,000.000 bushels, including 600.000 bushels Manitoba and 500, 0fo bushels at the gulf. Then there was 2, 000,000 bushels said to have been bought In Argentina by Great Britain, Germany and Portugal at 8 7 4c under American. Greece is expected to be in the market next week, having arranged credits for 1,300,000 bushels. A renewal of tho selling of March by Omaha houses and by houses with New York connections was on at 774c over May, although trading In It was much reduced. Eastern and Minneapolis houses were liberal buyers. Corn was absorbed by local traders and commission houses and sold by a few oper ators who were the best buyers the pre vious day. On the bulge there was selling by the leading elevator interests. In all, the market showed steadiness with the range on May, 69 69 4, and the close at Intermediate figures. Export bids were tho same as of late, with sellers asking 4o more. Oats are meeting with more eastern and southern demand and cash prices hold well with 4 advance. Trading was not beavv and mainly in changing from May to July at around 1 4c-'dlfference. Shipping sales were 162.000 bushels and arrivals 75 cars, an increase over a week ago and last year. Rve advanced with other grains, de spite selling by seaboard houses. No ofrera by exporters were noted. Tit Notes. Receipts of wheat at Minneapolis were 246 cars compared with 184 cars last week and 179 cars last year. Duluth received 106 cars, compared with 135 cars last week and 15 cars last year. Winnipeg receipts were 108 cars 'against 130 cars last week and 176 cars last year. Oklahoma City wired: "Just talked to Mr. Hamlin who issues statements for the agricultural department and he says thev hsve made no statements whatever as to damage of small grains In Okla homa. He says It Is entirely too early to make any estimates. Much depends on weather. If it stays warm the damage will be greatly lessened. He says there are two varieties of green bugs In the state snd one is harmless." At the weekly meeting of the board of directors of the Chicago Board of Trade It Was decided that trading In July wheat should start on March 38. The board of trade business hours will conform to the daylight saving ordinance, Minneapolis wired: "Flour sales for last " davs liberal buyers taking some for 10 days shipments. Spring wheat scarce and !:c higher generally. Scattered sales 3 cents up." Kansas City wired: "The strength In our market is caused by small country offer ings. There Is a raft of wheat sold to go out of here for export. It has to he bought. The holding attitude of the farmer, if continued, may make a tight situation." St. Louis Grain. St. 'Xouls, March 16. Wheat March, $1.58: Slay, $11.524. Corn May, 694c; July. 71o. Oats May, 444c bid: July. 45 4 o. Kansas City Grain. Kansas City, March 16. Wheat, March $1,604: May, $1,454. Corn May, 624cj Julj 654e; Sept., 67o. Turpentine and Rosin. Savanah, Oa., March 16. Turpentine Market firm. 61c; sales, 61 bbls. ; receipts, 161 bbls.; shipments, 69 bbls.; stock, 7,649 bbl. 'Rosin Market quiet; no sales; receipts, 145 casks; shipments, 9E3 casks; stock, 72.301 cosks. Quote: B. D. E. K G. H. I. K.. $4.26; K. M. N. WO. WW., $11.00. Linseed Oil. Duluth, March 10. Linseed On track and to arrive. $1.72. Wo Offer 7 MORTGAGE BONDS Tax Free in Nebraska $100, $500, $1,000 Amount Investment Dep't. the Day 1 J Bonds and Notes The following quotations furnished by the Omaha Trust company: Apprx. Price Yld. "t American T. & T. Co. s. 195S.. 7.SS American T. & T. ro. s. ISii.. & 7.K0 Anaconda "s, 1929 3 8.10 Armour 7s, 1930 7.47 Belgian Oovt. 8s, 1941........ 7, 8 25 Belgian Oovt. 7 1915 9 7.88 Bethlehem Steel 7s. 1983 99 7.i0 Bethlehem Steel 7s. 19H ... 97 H S 30 British 6,s, 1022 947 S.SS British ftija, 19L9 an 4 ;,B British 6,, 1937 85S, 7.07 O. B. & Q. Jl. 4. 1931 97H 13.15 C. C. ( & St. I.. 6s, 1929 H7H 8 20 Christiana Ss. 194.". , 95S, 8.43 Cudahy Packing Oo. 7s. 192D.. 98 . 7.97 PenmarW 8s, 1945 97 8.57 French Oovt. 8s, 1945 971, 8.23 B. K. Goodrich "s, 1921)..:.... 89 10 40 Japanese Oovt.Jst 4s, 1926,. 82V, 9.90 Jitpauetit) Oovt. 4s, 1931 644 9.l4 Morris & Co. 1930 7.C.8 Norway 8s. 194U 97 8.25 Nor'w't'rn Bell Tel Co. 7s, 1941 985, 7.30 N. Y. Central 7s. 1930 101 6 83 Penn. R. 'It. Co. 7s. 1930 1 02 i 6.7ft Soufw't'rn Bel Tel. Co. 7s, 1936 96 St 803 Swedish Oovt. 6s, 1939 80 8.10 Swift & CO. 7s, 1925 9614 7.88 Swiss Oovt. 8s. 1J40 102 V, 7.75 U. S. Kubber 7tj. 1930 99W 7.60 Yt'cst'gh'se Eire. 7s. 1931 9$ 7.12 New York C urb Stocks. The following quotation by Logan & Bryan: Allied Oil Boston Montana Boston Wyoming Cresaon Oold Cosden Oil Consolidated Copper Elk Basin Federal Oil Olenrock Oil Island Oil Merrit Oil Midwest Refining Co Silver King of Arizona .... Papulpa Oil filmms Petroleum Tonopah Divide V. S. Steamship I. S. Retail Candy White Oil are furnished .. 10 m 11 ..67 41' 69 15-1618) 1 .. 1 6 1 1-18 6 ... 1 i . 8H . 1 5. r . 10 . 8A ( . ne 1214 .136 to 136 . 10 20 . 4tj,i(! 4H . 6'4 7H . 1 ' IT . 132 'a 13Vi Foreign F.trhnnge Rates. Following are today's rates of exchange as compared with the var valuation. Fur nished by the Peters National Bank. . F'r V I. T'day Austria 30 .00:7 Belgium 195 .07S4 Ciecho-Slovalda .0135 Denmark 27 .1710 England 4.86 3.91 France 193 V)705 Germany 238 .!Ki Oreece 195 .0768 Italy 195 .0373 .Tugo-Slavia .0074 Norway 27 .1605 Poland .410 S Sweden 27 .2276 Switzerland ... .195 .1725 New York Cotton. New Tork, March 16 The cotton mar ket opened at a decline of 4 to 9 points today, under liquidation promoted by dis appointing Liverpool cables. There was also some Liverpool selling here, but Wall street bought st the open ing declino while there was scattered covering on reports that the trade agree ment between Great Britain and Kussia had been signed and a firmer tone In the stoek market. May soon sold up from $11.70 to 111.86, or 1 point net higher. There was south ern selling on the early budge, while, the later cables from Liverpool were evidently i disappointment to buyers here and prices mnn turned easier. Before midday May sold off to 811.65 and .luly to 12. 13 or 19 points net lower. Oenernl business was quiet and the market was sensitive to small orders. 10 PUTS 20 AND CALLS ODD LOTS If you think tho market is gointt up buy rt.ii- :r JAB.n ku Putt if in rinnht huv Spreads which is both a Put and a Call and places you on both sides ot tne maraei. PROFITS UNLIMITED fully, also valuable rules for Trades in Stocks. Cotton and Grain (free). C. Goldhurst & Company SERVICE : : RELIABILITY 50 Broad Street New, York (5 In purchasing a motor car these should be of vital importance to you, Service Durability Resale Combined with these qualities Buick has a low, graceful, streamline body; a more" roomy interior, with com fortable seating arrangement. Since January , regular equipment on all models includes Cord Tires fPBRASKA BUICK 'AUTO Co.' ) OMAHA LINCOLN SIOUX CITY WHEN BETTER AUTOMOBILES ARE BUILT. BUICK WILL BUILD THEIVf South Side Strike Ballots In Five Languages Gist At Packing Plants Strike ballots in English, Tollsh, Bohemian, Lithuanian and Spanish were handed to employes of the Bivr, Five packing plants 011 the South Side yesterday. But two instances were- reported where the ballots were refused, a woman and a man clerk at Swifts. Ballots were given to employes regardless of whether they belonged to the union or not. Boxes were stationed at the en trance gates in which the employes must cast their ballots. Another box was stationed at the Union head quarters. Police Find 96 Quarts of Home Brew in Man's Home Ninety-six quarts of home brew in the home of Peter Wazaniak, 4519 South Thirty-third street, resulted in his arrest Tuesday night. But his case in South Side police court on charges of illegal posses sion of liquor was continued to Sat urday, while court officials probe court records to learn whether this is Peter's first, second, third or fourth offense. A year and a half ago Peter was in Specials in Our China Department at Philip's Big Store P'ancv Sweet Idaho Prunes, 50 to 60, 8 Jbs. for . Extra heavy galvanized wash boilers, sizes 1, 2 or 3; each No 2 extra heavy Wash Tubs for No. 3 extra heavy Wash Tubs for 25 and 50-Watt, Champion Tungsten Etectric Globes, as OCp good as made; regolarly sold for 45c; on sale, at, ea. JaJl 6 boxes of Light House Washing Powder 25c pi 6 bars of Laundry BROOMS, 29c A real 75c Broom 00 for.., L PHILIP'S' DEPARTMENT STORE 24th and O Streets South Omaha Ask for Green Trading Stamps. OK Value court on like charges, was fined, ap pealed to the supreme court and a legal muddle has resulted. Hogs Drop More Than $1 in Two Daja on South Sulft Hogs have dropped in price more than $1 in two davs on the Omaha market. Hogs sold at $10.25 Mon day had fallen to $9.15 yesterday. Packers declare farmers arc hold ing their hogs too high and for that reason buying has fallen off. They declare the labor situation has noth ing to do with the declining price. Cattle dropped 25 cents yesterdayi but sheep remained steady. South Side Brevities Illinois coal. $11, llowland Lumber fc Coal Co. Phone South 161. hanging. Phone Tyler S&84. 1222 Vinton strcot. Adv. , . Bee Want Ads little, but mighty. WWWfVWWi .. ... . .$1.00 $1.89 $1.39 .. $1.69 Light House 25c Soap So I j u r i if
