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About Omaha daily bee. (Omaha [Neb.]) 187?-1922 | View Entire Issue (March 31, 1921)
THE BEE: OMAHA. THURSDAY. MARCH 31, tl Solution of Pail Problems Most Pressing Need '.reation of Unified Control Of AH Great System Plan Of Representative of ....Stockholders. . By HOLLAND. , Commenting a year ago upon the outlook, one of the wisest of all who have had long experience in finance, tanking and constructive undertak ings, said, "The United States is a very great and very rich nation. It is, almost the only one which U bounded on the east by an ocean and also upon the west by another ocean. Its resources, especially those which await development, are of almost fabulous riches. It ii necessary, however, at this time, if this conntry is to take full advantage of its opportunities, that there should be Called into service, both public and domestic service, the best brains in the country, I am sorry to say that J we are not now getting the service of the best brains. Some thing like mediocrity seems to have the call. I hope to see the best brains of the country brought into a community of interest, for when' "that i done "we shall have prosperity." Would Mobilize Ability. . This man, who is now in his 80th year and whose name is a synonym for sagacity, foresight and the main tenance of an honorable business conscience, is today of the sami opinion which he expressed one year ago. He wants ilia best ability of (he country to be mobilized, so to speak, and h referred especially to the need of. united, -actiqi) of th.it kind if the railroad- problems are t be satisfactorily .answered. - . T?,"!1 ,h Vw "hlch taken' by J-avlea Warfteld, who I greatly concerned ivartht railroad atttiaMon -and wha rap ;Mnt th railroad stockholders. Mr. Warfleld It reported to be strongly in favor of the eraatloit of ah organisation national In Ita acope, whole- m amber a .are to be the managers of alt th greater rellwaya of tne United State and nrob ably many r the smaller' railroads ,Vn organisation -of this kind would aurely bring Into tta association the abloat railway minds of the country active K a unit. As an organisation tt would have not merely advisory powers,- but a1o full power, . o that, its decisions would be obeyed by the. railroads of- the ooimtrv. Of course, the fiuention of rates would be left for the Interstate Commerce com mission to determine. Ttut nn nrvnin. tlon of thla kind acting aa a unit would be of Influence In . enalillng h. commis 100 to.reah a decision,. i' HUat Might Bo fieoded, Probably unified organttatten of thi kind coufd not be pu,t Into operatic until longrcss by -some 'amendment to the law permitted It to ba'flona. It 'would alwavs oaMSubJeet -to- the oversight aitd' super, vision of the- Interstate -Commerce i-om-mission, But it, would put in. end to diversities, tn .management . and in opera tion, mn 1n any way . constituting trad agreements, but simply, a ijmmon line of action. In the dleeutlon, Operation and movomenta of transportation-. Some of .the rallroM mtneara. verv likely all, are repnrteA to look 'with favor upon.-the suggestion vwhih fctrv Warfleld haa- made,, lny- .are he .panaoeas -which have-. been proposed for restoring health to tho. American railroads-. Bub -it Is bow admitted ihafc experiments jr -the -adoption, of any, of -the apparently Ingenious propositions -which have beu put forth In the hope that they -troutcl be .ef (in fluence In overcoming .th - crisis, wHI bp of no avail. What la needed. In the. view of Mr. Vrfield and- ol others, it for the railway managers to recognUo fully actual t-ondttlens- and then to act in accordance wlthithe dictates of cammon tense. The railroads eheald-furnish transporta tion at rates which will bs large enough o give to them ample credit. o that thev may make 'needed; Improvements .-- All managers say that the ratea should- not ba so high as td dtpmrb normal traffic nr to .compel shippers- to -utilise other metnoas. eucn. for instance, as the motor ic rot- transportation. ; - . ' The, Heal Isawe.t SehaWr- Cummin and afhtt other's wli-o av" sTvr-ri. careful "aturrv- tr IK, rkllrfchai nip Fug , i nis; vne rait- ay" exeentlvfs are .unafile to' 'oveWoni'a- ho difficulties. they should stWa.(ta and let others whose -ability iar Mcoanlzed tin- dertake the task. - One of - the. best au thorities, .-when referring , a day or wo ago. to. rhe'! railroad ltualon, 'said - tihat our ratlraada cannot ba a hybrid. U Can not auoeeVafuHy be represented by half government and half, private ownership. To. be successful tt must he all of pna or the other.. It la-row .evident that the pe. pie of the United Statea or the .majority of them favor private owne,rah!n This lts) which the railway managers must Themselves meet If there Is to lie success, -ie involved -in! the -question .of wages." ' one dqubta that the .Increase 1n waiara since lslH has not only been of unprecedented magnitude, but Is now placing a heavy buYden ' on 'railroad "op eratlon. And yet some of the ratlway ererudves have not handled tha wage o,uetlotr with 1dom. - - It is becoming mora and more evident that the emergency which the railroidjs are now facing rnnos ended unttl;'tt)e railway, wge question la jettled. for, it, is now apoken of aa midciit rtiat While railway wages are , t,lll maintained Vt the wartime peak, wages have In almost all the other clasee of employees been reduced or are- apeedlly to bt reduce If thla railway problem be satlefao torilv answered pernaps the chief obsta cle "that stands in, the way of a return lo domestic prosperity will have been r-mpvsd.- - Peters Trust Company - Pays Extra Dividend i : the- regular, meeting ,of the d of directors of the Feters t comoanv vesterdaV, the regu- ceini-annnal dividend of S per t wa rleclared.-oarether with ah ra dividend of 1 per rent. ra n. ir.. and Herbert W. tter were elected as new mem- s of the board of directors. Mr. lorial bank and a tormer prest- ot the .Nebraska Banners asso n. "Mr. Potter is 'assistant , tary of the-Peters Truct Coni , and has been associated with nmnsnv for tht nast four vears. i account of the rapid growth of rust department, the position o,t ant tenet offirer t-ae' rrcntcit. Vvallace E. Snear was appointed is position. Mr. pear is a graci of the University of Nebraska school and has been" associated the Peters Trust company his graduation. w Vork Coffee. Tork. March 30 Reports of a -harp advance tn Braslllan milrels one were roiiowea oy increased and a big jump in prtces for futures here at the openina todsy. change ratea were easy,, but the h in the Rio and Santos markets garded as tending to confirm recent of buyin by the Braslllan sw. t to stabilise prices and the to ning waa 20 to oJ points higher, rrled May up to IS. SO and July to r just aonut mo points above tna iftw records. A disposition to take at this level was promoted by latsr or irregularity in Brazil and a rooej the advance was lost. May sePlmx t.5 and July to IS:3 tn the lato The general market closed at a anoe -of f to 21 oeints. M.irch May USc: July $c; Septembes vrobar 7.1te; oeeember 7.3o; Janu te. roffee firmer: Rio 7s Hc; JS liviv& New York Dry Coeds. v. March ll.r-Cotton goods were lteaoy today, witn Buyers jper- kpaiiy Tor tromeaiate delivery. allotments lor fail shipments. Very quiet. Underwear la be- 1 small, guanines ror iaii iie flitlnr in business is"becori- (t for spring and summer rare quiet ara burlaps null. , ! Market, Financial and Industrial News of the Day , , ! . , I'. , ! : : 1 : : Live Stock Omaha. March Ik Reealpts Cattle. Official Monday..., a.iM Official Tuesday I.toi Kstlraate Wadnesday 1.4o Three days this wit. U, S5 Same day last wk...lS.Jf Same day wk. ago.14.6K Same day 3 wk ago. !. Jit Same day year ago. .t(. 17 Hogs. Sheep. S.471 11, (Si 11, HI 17,111 14.000 S.JuO 13,011 3M7 ao,3 K,lt 31.S4S 31, m 31,626 aS. 444 53,l4t .1,701 Receipts and disposition of live stock at the Union Stock yards, Omaha, Neb., for 24 hours ending at i o'clock p. m., Maroh 30, 1331. RECEIPTS CARS. V Cat. Hgs. Shp. H.-M. C M. A St. V 4 4 -Missouri Pacific ...... I 7 Union Pacific 41 45 O. N. aV N. W esst ,. 11 ' I ('. N. W"., west .,11 17 f, St. P. M. O... 14 It ('., M. A Q , east .... I T a, B. & Q. west ....14 2 C. H. I. A P.. east .... C. R. I, A P., west .. S Illinois Central 1 1 Chi. Gt. . West 4 1 II Total reoelpts 151 190 39 9 DISPOSITION HEAD. Cat. Hogs .Sheep. Morns A Co H7 Swift A Co. , 90 Cuilahy Pkg. Co 711 Armour A Co 711 s.-hwarti A Co ,r. W. Murphy Hold Pkg. Co Ill 1,137 1,103 5,:S8 1.711 1.247 751 1.07J 2,554 1.713 2,472 Lincoln Pkg. Co, ...... 63 9. O. Pkg. Co 7 Ogden Pkg. Co Hlgglns Pkg Co im.. Hoffman Bros ., ' 2S J. Roth' A Sons ...... 11 Mayerowlch & Vail .. rlS Olassherg '.. IS P. O'Oei 'v. ,.. - Wilson A Co. 27 W. R. Van 8ant Co. .. 41 St. Louis Inde. ...... .... Flshhaugh V. P. Lewis 10 Huntslnger A Oliver t6 J. B Hoot A Co S .1, H. Hulla 54 ruirnha Pkg Co Hosenatock Bro l Kauf A n Kilts A Co 1 Sullivan Bros 2 Mo -Kan. C C. Co 20 K. a. Christie John Harvey J Jensen -A Lundgran ,..- & lonnls A Francla .... Cheek A Kreha 70 16 111 745 I 5 ilmaha Pkg. Co. . Midweat Pkg. Co. Other buyers Total .'.i.k.... i ill ....4,5TriS,630 l.7T vmwv moderate run of Cattle With cattle Wednesday the r and MM gteer. -old t firm figure, all .n5 romalT aourc f rTow.'ud hell ? . and they moved freely at price. . ilron. to a quarter, higher. Best of the De ?eers sold up to 11.00 hut It took cholc. oows to sell better than 17.00 There were not many atoekers and '""J" " sale, but demand was fairly broad and prtcee steady to atronger for anything t all useful In this line. :. Quotations on cattlei Choice to prime beeves. $9.t)0i?H.26: good to choice beeves. 8. 60 !& 8. DO; fair to good ".., 2? i u"".... ,n fule beeves. 37.0067.76 good to choice yearlings. 8. 6001.00; fair to good readings; $7.76(818.60; common to fair vearllngs. I.757.76; oholce to prime heifers. 7.508.16; good to choice helf ors, $.507.60 choice to prime cows, t8.607.25; good to choice cows, 14.75 (t.40; fair to good cows. $5.005.7o: com ihon to. fair cows, 3.004.60; good to choice feeders. R.00S 60; fair to good fenders. 7.508.00: common to fair feed ers, I6.71S!. 60; goqd to choice stockers, 7.-768.60; fair to good stockers. I7.2SO 7.76: common to fair Blockers, 6.6007.35; stock heifers. J6.006.60; stock cows, 4.60 6.60;' stock, calves, I6.00ig7.60; real calves. " 15.600860: bulls, stags, etc., " BKEP STEERS. j Ko. Wt. Pr. No. Wt. Pr. M 141 I ' 75 9..."... 896 t ! 15 10H- ' 8 IB' 26 U75 8 15 21 105 8 IS'' 11 1180 8 30 20. 131. $ Jo ' 18 1422 8 60 14 1356 8 75 24 1218 9 00 STEERS ANy It,ri!iKO. OSS 6 50 18.. T 90 13.. 548 7 76 8 00 8 45 4 78 6 60 25 a 0 I 10 7 00 . . SI.. 15.. 10.. 10.. .. n.. ii.. 7 . . 908 862 8Sf ' 7J . 91 1404 1262 .. 762 .. 744 ...128 .. 941 ..U76 .ai4 ..11H ..1208 8 86 17. COWS. 3 25 8. 5 00 6 00 a 75 ,85 12.. 8.. ,.: 2-4.. .. ,.1045 13. .'.'. .IVDO , 7110 HEIFERS. ' 6-60 13.. .... 170' 79 6 75 .1131 7 40 STOCKERS ANP FEEDERS. 14... J5".' 4..'e. 606 . 26.. 800 721 . .11011 . . .;i7'4o : ..1873 i4j .. S17 - t 4 ,, 29... 8 00 ' 9... 4 8.0, 6. vi 4 S 3... . CALVES. 81 ' 3..'. .. 710 .. 800 . .1700 .'. 67 353 7 00 Hogs Today's run of nogs was- estimat ed at 14.000 head, and packers followed thetr usual tactics in rutting up mixed droves. Tha "result was a lower trade and a aether quiet demand throughout. Packing hogs sold at declines of 160260 and'losed around a' quarter lower. A few shipping hogs moved at weak to lower- figures. Best bacon hogs made a chipper top of 19.50 and bulk of tha re ceipts sold at 18.3609.00. HOGS. No. Av. - Sh. Pr. No. Av. Sh. Pr. .. 8 60 70 8 75 70 8 90 9 00 30. .298 110 I 8 60 7. .351' '' 40 J to 71. .243' 0 I 95 70. .229 40 8 15 36. .164 : ,i. ' I 35 31. .263 69. .224 75. .324 71. ,181 Sheep About .8,200 sheep and lambs wore bare this morning and fat lambs went to packora mostly at prices a quar ter or more lower. Fat sheep were fairly active and generally steady. Best lambs In light and handy weights were quoted around (9.1609. 25, with .heavies on down the list jU scattered prices. A few good ahrfrn .laVnbs brought I8.S6. Fat ewae sold at ft. 75, Indicating an outside prica of about Nl,15. Trade in feeding and shearing stock was nominal. Quotations On Sheep Best fat lambs. 19 0nf.JS; medium to good lambs. 18.60 9.00: plain and heavy lambs. 17.3608.60: shorn lamba, I7.7JA3.60; wethers, 16.00 6.75; good to choice ewes, 15.7606.26; fair to neod ewes,. I6.1305.76; cull and ranper ewes, J3.OO03.25; shearing lambs, 11.0001.76, FAT LAMBS. FAT 14 fed No. 194 Wyo 87 8 60 Av. Pr. No. 138 Wyo 201 Wyo 200 fed 218 S. D. A v. Pr. 80 I 60 70 8 40 22S Wyo 83 4t Wyo 77 13 fad 77 9 7-5 9 66 II 87 74 9 40 S S5 8 60 9 18 FAT EWES. 6 85 14S Wyo 133 10 lS6Wyolfl3 6 85 14s Wyo 133 S 50 m wyo 101 Chicago Live Stork. Chicago, March SO. Cattle Receipts 6.000 head; beef steers generally steady; jpots strong, top $9.80; bulk steers, 18.35 39. 50; butcher she stock and bulls slow, steady; bulk fat cowa and helfera. 16.15 $7.60; rannera and cutters, largely $3.00 $4.60; bulk bulla $4. 7505.75; veal calves !5,to. 60c lower, bulk vealers to packers $7.56$8.00; stockers arid feedere strong to 25c higher, bulk $7.00$8.00. Hogs Receipts 16.000 head: lights opened 10 to 16 lower, others 10 to 15c higher than yesterday average, closing ac tive on llghre at day's best lsvel: others uneven but mornings advance lost: top 110.15; bulk 100 pounds down. $9.73 $10.20: bulk 120 pounds up, $8.60 19.00 pigs 15 to 23c lower. Sheep Receipts 20.000 head; sheep year, llnga and some heandy shorn lamba ateadv, lings and some handy shorn choice hah-iv wooled lambs sold at noon; i9 60 bid anil refused; bulk sold. $8.600 19 00; shorn lambs top, 9.10;hulk, $8.OO0$9.QO. Kansas City Live Stock. Causss City. March $0. (U. S. Bureau of Markets.) Cattle Receipts, 1.860 head of Markets.) Cattle Receipts, 6,100 head; fat she stock steady to strong; can nera and bulla, dull; all other classes steady; top steers. $1.15; bulks of salea. 17.7601.35: Colorado pulpers, $8.76; prac tical top on calves. $7.60. Hogs Receipts. J.700 head; market un even, mostly stesdy with yesterday's average, few closing bids 15e lower; top, I9.6 bulk of salea, $1.6009.76; pigs, steady to 16o higher; beat $11.15. Sheep Receipts, 4,600 head: market steady; lambs, steady to 16c lower; 78-lb. lambs, $9.60. Sioux City Live Stock. Sioui City. March 80. Cattle Receipts. 3.900 head; market alow and weak; fed steers and yearlings. $.6O09.$6: fat cows and heifers, $5.0f j 25; eannera, $1,360 4 00.; veals, $6.0009.00; feeders, $8,000 8.60; calves. $4.6008.00; feeding cows nnd heifers. $9.7506.60; stockers, $ 0001.50. Hogs Receipts, 9.600; lights, market steady, 16e lower; heavy, 2$ to 3Se lower; Itght. $9.609.35; mixed, $1.6001. SO: heavy, 7.7508.60; bulk of tales, $8,230 .. Sliesp Receipts. $00; market lower. St. Joseph Lire Stock. ' St. Joseph, March $0. Cattle Receipts, 1.100: slow, generally steady; steers, $7.00 09.60; eews, and heifers, $3.0009.00; ealvee, $6.0007.00. Hogs Recelpta. I.OOohaad: slow, open ing, 10015c lower to shippers, top $1.76; bulk. $8.7609.76. Sheers-Receipts, 2,600 head: slow, pros pects lower, ewes, - $8.1009.26; lambs, $5.00 01.7 . Financial By ALEXANDER DANA NOYES. Chicago Trlbuoe-Omahsi Bee Leased Wire. New York, March 30. After the recovery of Tuesday on the tele phone company's increased dividend, today's stock market declined again. Changes in prices were irregular, but the market s general unsettlement was occasioned by resumption of the speculative program of converging pressure on three or four industrial snares and selecting for such pur poses, a different group on different days. International Harvester stock, for instance, was driven down 10 points on the basis of highly indefi nite rumors about, new financing which the company denied. There were declines of I -to 3 points in other industrial shares, hut as a gen eral rule the day's losses were not important. Call money went to 7 per cent again today for the first time since March 18. The application for only part of New York City's offering of $5,000,000 bonds and $-12,000,000 short term revenue bills did ' not throw a particularly favorable light on the immediate money or invest ment situation. This was apparent ly a result partly of the fact that the offering was large when investment houses are already pretty well stock ed with new securities, but partly al so to the restriction of the interest basis to 6 per cent. In March, last year, a similar amount of sort term Mew York olty obliga tions were placed on a basis of 6.95 per cent, at a time when similar United States treasury Issues commanded 41 per cent; today the treaaury is paying 6j per cent and 6?4 per cent. Foreign ex change advanced again with an Increased business, sterling at $3.93 M, touching a new high rate for the yoar. Rail bharea React. Sharea of the rail companies reacted from the advance of the preceding day. In this they merely followed the mar ket's general trend, but perhaps thulr action reflected doubt as to the prac tical significance of a discussion . of tha railway question in the cabinet at Wash ington. It Is. In fact, not olear that the administration can outline any definite policy. Politically, It haa a large mane In the solution of the problem, because revival of prosperity, which always han dicapped a new administration, depends both on maintenance of earning power ly enterprlaos whose securities are involved, directly and Indirectly, the savings of millions of citizens and on the lowerlnir of railway ratea While still maintaining railway solvency, the government more over set forth In the 1930 railway act. a dlstinoe purpose in regard to raising ade quate earnings and the purpose haa thus far failed, although through no fault of the companies. All this lays something of responsi bility on congress; but it leaves It a mat ter of complete obscurity as to what con gress User can do about If. But One Remedy. From tho practicable viewpoint more depends on the railway labor board than on any other body. In laying atress on the abaolute necessity of reducing operat ing costs and in showing frankly that such reduction must be made primarily in cost of railway labor, the chairman rf the senate railway committee points' to the only obvious remedy and that is why a congressional Inquiry will help. But In the last analysis the labor boaid. which granted the $600,000,000 Increase of wages last July on the explicit ground that auch Increase was essential to off set a rising cost of living and to adjust railway wages to the wages of other in dustries, is bound to recognize three in disputable ractt that It is not possible for the railways to continue auch a rata of pay; that wages have already been reduced some 2 per cent in other tn- dustriea similarly placed, and that tlie government's labor bureau, which last June averaged pricjs at J72 per cent nore than in 1913, now rackons last month's average as only 67 per cent above the prewar year. ' ( i New Verk Cotton. New York, March SO. There was Wall treet. Liverpool and trade buying on an open advance of 6 S 1 6 points in the cotton market today. This - was encour aged by tho firmer showing of tho Eng lish market, but the south waa a sellor here and after advancing to 12.88c, July sold off to 12.80c, while May reacted from 12.40O to 12.30c with the general list losing all but 89 points of its Initial gains, Private cables reported a better tone in Liverpool, but prices Uiere eased light after the opening here. General business remained quiet unci after selling up to 12.48c for May nnd 12.98 for July, or about 20026 points net higher, fluctuations were narrow and irregular. Omaha Hay Market. P,..lnti nf rnilrli, hnv heavv and de mand only' fair,- which has caused prices to decline. Alfalfa receipts light and demand good on better grades; market steady. Lower grade of prairie hay and alfalfa, slow sales. Oat and wheat straw, steady. Upland Prairie No. 1, $11.00012.00; No. J, $9.00010.00; No. 8. $7.0008.50. Midland No. 1, $10.0 11.00; No. S, $8.0009.00. ' . " t,owiena imo. i, n..i jvo. i, ai.vu 8.00. Alfalfa Cholc. I20.003.00: No. 1. $17.00019.00; standard, $11.00016.00; No. is.60011. oo; ro. I. i.wo.n. Straw Oat. $8.0009.00; wheat, $7,500 $.00. IJberty Bond Prices. New Tork, March $-0. Prices of Liberty bonds nt noon were: 3Vjs, 90.12; first 4s, 87.20 bid; second 4s, 87.00; first 4s, 87.62; second 4s. 87.10; third 4 'is, 0.22; fourth 4s 87.26; Victory 8s, 97.54: Victory 4 4.S, 7.64. Liberty bonds closed. 3s, 90.20; first 4s. 87.40; second 4s, 87.00; first 4s, 87.64; second 4 Us, 87.10; third 4s. 90.24: fourth 4s, 87.20; victory 34s, 97.58; victory 4is. 87.64. New Tork Sugar. New Tork. March 30. 1 tiu local markt for raw sugar waa more active today and while prices were unchanged for Cuban uncontrolled sugars seemed., to be offered more freely and In some instances at lower levels. There were sales of 13. 400 bags of San Domlngos, about 25,000 bags of Porto Rtcos and 3,450 bags cf Philippine Islands at $6.27 for Centrlfural and 10,600 bags of Philippine Islands. Turpentine and Rosin. Savannah. Ga. March 30. Turpentine Firm, 47 c; sales 153 bbls. ; receipts 149 bbls; shipments 458 bbls.; stock 5,306 bbls. Rosin Firm: sales 604 casks: recclnts 454 casks; shipments 1,720 casks. Stock 17,531 casks. Quote: B. P.. K. F. O. H. I. 33.60: K. M. $3.60; N. $3.75; WO. $4.00; WW. $4.26. Union Outfitting Co. Offers Entire Stock of 10-Inch Columbia Records at 49c Each You Are Not Confined to a Few Records, but Have Choice of Stock. Thii "Choice of the House" Sale of 10-inch Columbia Rec ords for 49c at the Union Out fitting Company is the deepest price reduction on this . well known line of records that Omaha haa known in years. Not a ainifle record is reserved Dance nambers, Song Hita, In strumental Selections and old time faforites all go at 49c. Music bvers can increase their record ftock for very little money, or if 4'ou wish, the records will be cterged. f Advertisement New York Quotations Range of pricaa of the leading stocks furnished bv Logan Si Itrjan, Peters Trust building; T'sday High. Low. Close. Close. HAILS. A., T. S F-... SIS 0 10 SI ' Baltimore A Ohio 341 S4 S Canadian Paclflo 11SH 1US 113' 11?S N. Y. Centml 7H 70 TO 1 Chen. & Ohio 80 Erie R. R 12 ' 0 li 73 tt 86' 17H, 16S 77 , 83 , 84', 694, 2 fit, 74 Si's 60 1' 74 8a 8 6 "a 55 '4 11 17 6.t; S4a 691 26 k 75 13t T4U Gt. Northern, ptd 74 Chi. lit. Western.. Illinois Central .. .IV 87 Vi 7 3a 25', 18 17 79 ( til, 70-t, 2li 78 i, 2H 26 H U 3 123T4 3714 8614 S3 4i 58 U Mo Kan. A Tex.. -"I K. C. Southern.. Missouri Pacific. N. V.. .V. H. & H. 26 V 1SV IIS . 65 Northern Pac. Ry. Chi. A N. W. Pennsylvania R. R S5H Keading Co. C, R. I. & P 274 Southern Pac, Co.. 76 V4 Southern Railway. .21, C M. & S. P 26 "4 21H 25 5, Union Pacific 119 1171, n Wabash r 7J 7' T. STEELS. Am. Car ft Fdry.. 1244 1231, 124 , Allis-Chal'ra - Mfg.. 37 v, 26 .17 Am. l.oco. Co S7'i M Sir naldwln Looo Wk 89, 8794 88' lieth. Steel Corp. 68 S, 57T, Crucible Steel Co. 89 87 V, K7 Vj, Am. Steel Fdryt... 30", 30W 30V, SO", Lackawanna Cteel Mldvale Steel, Ord 29 9i Pressed Steel Car. Rep. Iron, Stl. Co. 67 Ry. Steel Spring.. 88 Sloaa-Slief. Stl, Iron 44 Utd. Statea Steel., 82 '4 63 29 29 29 "i S7 XS 6H 66a SB fl SS 44 44 Sl'i SlU 815, 1 Anaconda Cop Mi 361, 35V, Am. Sm. Kf. Co. 864 36 Chile Copper Co.. lot, 94 CMr.o Copper Co.. Ifm 9V, Calumet & Arizona 44 44 Insplr. Cons. Cop. 31 4 St Kennecott Copper. 17, 17ty Miami. Copper Co. 17 '4 17'4 Nev Cons Cop Co 9 1, 9 Ray Cons Cop Co 11 '4 11 Utah Copper Co... 47 4 46 INDUSTRIALS. Am Beet Sug. Co. 42'4 41 i Atl O tt W I S S 41 ,S9it Am. Inter. Corp.. 45l, 43, 35 '4 364 ii 44 Si4 1714 17 11 46 414 39 43 80 i'3'4 37 10 20 ii'i 174 17 9 Y 41 40 4 1 SO a 111, num. 100. 1.0. m h 1 Am. Cot. Oil Co. . 21 31 21 20 Am. T. ft T lOKft 1054 lOK'i 10814 Brook. Rap. Trans. 34 13, 13 134 Beth. Mot 2i 2i 24 , i Am. Can Co SOifc 29!4 294 Chand. Mot. Car.. SI SO t.ot, Cen. Lea. Co 39 (4 S7Va 37 Cuba Cane S. Co. 24 23 23 Cal Pkg. Corp. ... 60 60 6-1 Cal. Pet. Corp. .. 43V4 42 H 424 Corn Prod. R. Co. 75 73' 73 Nat. Enara. A S. . 61S 60 V4 60 '.4 29 '81 40 23 -ij" 74 61 Fisk Rub. Co. . 164 154 164 11 Gen. Elec. Co. ...1374 136 136 137 Oast. W;ms. & W, Gen. Mot. Co 'Goodrich Co A. JI. A L. Co. .. H'ask. & B. Car. . C. 8. Ind. Al. Co. . Internet. Nickel . . Internet. Paper Co. Aiax Rubber Co. , 1 1 1 1 134 37 9 59 67 14 69 33 13 37 9 5S 65 14 55 33 374 15 13 13 37 68 65 14 65 33 87 15 13 13i 87 6S" 66 59 33 38 144 Kelly-Spring. Tire 39ii Key. Tire Rub. . 15 14 inter, m. Mar. .. Max. Motor Co. . Mex. Petroleum.. Middle Statea Oil. Pure Oil Co Wlllys-Overl'd Co, Pierce OU Corp.. Pan-Am. P. & T. 18 6 6t 5 .146 143 H3 145i 13, 13 13 13 J3U 2 3'. a 33 33 4 10, 71 Vi 1 101-, 70 32 7, 64 14 69 ?i 93 H. 24H 68a 36, 75 4G'I 10V4 41 a, 23 28---, 41 8H 10. 70 'i 336, 63 69 24 694 ,37 77 47 10 4" 22 2 a 40t, 87 49 73 10H 69 ' sa (3i 68I4 93 U 24V, S8 26i 75 H 4flli 3 0 41's 22V, 26', 40', 95 491 71 Vs Pierce-Arrow Mot. 84 Royal Dutch Co... 65', U. S. Rubber Co.. 70 Am. S'r Rfg. Co.. 94 Sinclair Oil & Rfg. 24 H Sears-Roebuck Co. 697 IStromsh'g Carb. Co 97 s Tob. Products Co.. 47 'i Trans-Ton. OH.... ll'i Texas Co 4H IT. S. I'd. Pr. Corp. 2.1 IT. S. S., R. & M. . 27 White Motor Co.. 41 West'ouse Airbrake 95 Western Union West'se El. A Mfg. 49 Am. Woolen Co. . . . 73H 49V, 71V, Total sales. 691.900. Money Close, 6 per cent close, 6 per cent.. Tuesday's Marks Close, .0151; Tuesday's close, .0110. Sterling Close, S.94V,; Tuesday's close, J.93. foreign Exchange Rates, Following are todays rates of exchange as compared with the par valuation. Fur nished by the Peters National bank: Par Valuation Today Austria Belgium Czerho-Slovakla Denmark England France Germany Greece Italy Jugo-Slavla ... Norway ..... J, Poland ........ Sweden ' Switzerland . . . .30 .00.51 .195 .97.15 .0134 .27 17S0 4.86 3.94 .193 ,0706 .238 .0H0 .195 .0779 .195 .0115 .... .0075 .27 .16-2.', .11017 ,27 .3335 .195 .1710 Chicago Stocks. The following quotations are furnished by Logan & Bryan: Armour & Co. pfd 90 H , . . . Armour Leath. Co., common.. 12 .... Arvuour Leath, Co., pfd S5 0 Common wealth Edison Co. ..108 a .... Cudahy Pkg Co., common ... . b3f$ .... Continental Motors fifi .... Llbby, McNeil & Ltbby 10f?i .... Montgomery Ward Co 16'jfr) .... National Leather 8M .... Reo .Motor Our Co 22 ? Swift Co 102 ft) Swift International 25 'i (jo Union Carbide A. Car. Co. . . . 63V 63 New York Dried Fruits. New York, March SO. Evaporatcd rtjipiro r 11 111. Prunes weak. Appricots nnd Peaches Quiet. Raisins Firm. London Money. London. March 30. Rar Silver 33d per ounce; money, ft per cent; discount ratea. 7 per cent; three months' bills, 614 per cent. Sale of Mina Taylor Dresses ' Here $ opportunity for Tatfr dresses that are worth vey fortunate in purchasing 100 dozen of these dresses at a very low price and we therefore are able to offer them to our sustomers at this ridiculously low figure. Sizes 14, If?, 18 and 20, Specially Price d JI Mina Taylor aprons, in light and regularly sold at $3.50, on sale at In Our China Department 25-plece set of fine English dinnerware,' the best chinaware made by the Alfred Meakin Co., Eng land, excellent quality, beautifully decorated, regularly sold at $15.00, on sale, Af special, at pOoLry 1 wenty-tourth and O streets A.k for TCreen Omaha Grain Omaha, March 30, Grain arrivals toay totaled only 59 cars. Wheat prices were general ly 3 cents lower. Corn sold at a de cline of Vi to 3 cents, with the bulk 2 cents off. Oats were off Vj cents. Rye was lower, but not euongh to make a market. Barley was off about 7 cents. The Price Current Grain Reporter says "Conditions arc almost entirely favorable throughout the states of Indiana, Illinois, Missouri, South Dakota and Oklahoma, but largely too wet in Ohio; some localities are too dry in Iowa and a considerable portion of Nebraska and Kansas also report too dry; growth conditions consequently are unusually favor able. No material damage has thus far occurred by fly or bus, al though reports indicate possibility of such damage. Basing the govern ment normal at 100, the estimated percentage comparison of the growth condition oi the wheat is reported as follows: Ohio, 86; Indiana, 95; Illi nois. 99: Missouri. 96: Iowa, 96; Ne braska. 95; Kansas. 96, and Okla homa, 95. WHEAT. N'o. 1 hard, I oara. 91.47; cars, Jl. 48; J-9 car, 11.45 mutty) No. 2 hard, 4 cars. $1.45; 1 ear, 11.43 (smutty). No. 3 hard. 1 car. 11.41. . No. 4 hard, 1 car, $1.38; 1 car, $1 35 (smutty). No. 5 hard. 1 car, $1.33. No. 1 spring. car, $1.63 (dark north ern 1. Sample spring, 1 car, $1.10. CORN'. No. 2 white, 1 car, 60c. No. 3 white. 1 car. 48 He. No. 2 yellow, 1 car, 50c. No. 3 yellow, 1 car. 49'-ic; 2 can, 49c. No. 4 yellow, 1 car. 4Se. No. 5 yellow, 1 car, 4r (dry). No. 2 mixed, 2 cars, 49c. No. 3 mixed, 3 cars, 48c. No. 4 mixed, 1 car, 47V,c; 2 cara, 46Vjo. OAT3. N'o. 3 white, 4 cars. 36c. II YE. No. 2, '4 car, $1.31. BARLEY". Rejected. 1 car, 40o. OMAHA RECEIPTS AND SHIPMENTS. Week Year Receipts Today ago ago Wheat 27 ' lti 60 Corn 24 ' 27 83 Oats 9 14 27 Rye 9 9 Hurley ... 2 Shipments Wheat 32 78 40 Corn 61 fi 61 Oats . 6 20 18 Rye , ... '3 Barley ; 3 2 2 PRIMARY RECEIPTS AND SHIPMENTS Receipts n"oday. Yr. Ago. Wheat fso.ono 624.000 Corn 6S6,O0O 742,000 Oats 405,000 714,000 Shipments Wheat 623,000 377,000 Corn 407,000 80.000 Oats 387,000 534,000 EXPORT CLEARANCES. Wheat 1,024,000 72,000 Corn 215.000 Oats 18,000 KANSAS CITY CAR LOT RRCEIPTfl. Week Year Today Ago Asn Wheat 12 37 7 Corn 149, 190 164 Oats fcf 149 88 CHICAGO CAR LOT RECEIPTS. Week Year Todaji Ago Apo Wheat ..16 100 l! Corn 14 69 3) Oats 4 '7 13 ST. LOUIS CAR LOT RECEIPTS. Weak Year Toduy, Ago Ago Wheat 29 ; S3 00 Corn 23 61 n9 Oats 37 2 4 16 NORTHWESTERN CAR LOT RECEIPTS OF. WHEAT. , Week Year TeJda.v Abo Atrn Minneapolis ....... ..196 TrS r irj Duluth 96 - 47 Winnipeg 138 25 275 CHICAGO CLOSING PrICES. By Updike Grain Co. Doug. 3627. Mar. JO. An. J Open. I High. I Low. 1 Clrse. Wht. Mar. Mav July Rve Mav July Corn Mav July Sep. Oata .May July Sep Pork May July Lard May July Rlba May July 1 I I I 1.6SU 1.584! 1.544! 1 1.42?i 1.4341 I.39fc I 1125Vi! 1.25V, 1.21 1.3541 1.35V4 1.33' ! 1.1314' 1.12M 1.1014 .3 .i6! .8Vil .4041 .4 I, I .4214) .634, .66! .6841 .404'' .410,! -2VI .61 'a .641s .'661, :3H .4014 .40 .63f4 .67 4 ,68!, .40 4 .41 4 .42 4 38 41 .43 4 ' 40T4 t I 1965 11 (20,10 .. 119.35 19.95 I 111.35 1)9.55 120.15 I 111.22 111. 65 Ih.oo ;n.37 19.S0 19.95 I 11115 I 111,80 !U 65 111.25 11.60 11.60 10.S5 11.22 111. 60 ItO. 85 111. 22 11-00 10.87 111. 37 ll. 27 Chicago Produce., Chicago, Man-h 30. But(cr higher, creamery extras, 44c; standard, 42c, Kggsr-Lower; receipts, 119,711 cases; firsts, 234c; ordinary firstsj 20(g'21c; al mark, eases Included. 216 23c. Poultry Alive Unchanged.; l inseed Oil. , , Duluth, Minn.. March 30; Linseed on track and arrive, $1.75. young women to buy Mina $5.50 for $1.98. We were VO $5,50 j Values dark materials, , 98c Trading Stamp They arc Given , I'Tes'dy 7 1 l4it 1.5S I '" 1.43'i I l'4 .1 1.3S I l.'JO,! 1.1334 I 44i I.66V4I I I Chicago Grain By CHARLES D. MICHAELS. Chicago Tribune-Omaha Ilea leased Wire. Chicago, March 30. Liquidation and lower prices for all grains, with corn the lowest since October, 19k", and oats lowest since August, 191 5, featured the grain markets today. The close was at the inside, with wheat off 3((4 3-4c, corn, 2 l-4l.S-8 oats, 1 3-SC'U 5-8c and rye, 2(i2 l-8e, Support was poor and it was a case of . lack ot confidence and poor cash demand for wheat and corn here and of stop loss selling. Crop news on wheat was mainly of a reassuring nature. There were advices from the southwest of some damage from freezing and green hugs, but the majority of the advices were favorable. This, with the break in corn and the poor cash demand from millers, scared buyers out. The seaboard reported no export demand early and later said that Italy, in ad dition to buying Argentine and Man chnrian, had taken a cargo at the gulf, and Spain had bought two car goes there. In all, it was claimed that 1,000,000 bushels had been bought for export on the break and futures bought against it here. Break tn Corn. The brea.k in corn n.19 largely respon ultile for the weakness In wheat. Opera tors who covered Tuesday were the active sellers ard the wheat came out in streams from all qunrsers at times. Houses with New York mnnectlons sold heavily and bought on the hronli. A larwo cotton cperalor sold July which he look on the )revinus ,)uv T.miir ,-,u-n ,-.,, In great volume from the sturt ,-ind espo cinlly after the .May touched 3 as it ran Into nop loss orders which Kept the corn coining all tho time until the prl- reached 61 Inc. While a Urge psrt of the soiling was attributed to the leading ele vator Interests, there wna also buying on the breaks credited to them. May oats, in breaking to 38lo. made a new low record, the lowsl in slv years. Liquidation and local scfling with little resistance featured (he trading. Crop news, In the main was favorable, with a good demand from the south and east with 100,000 bushels, sold at prices unchanged to lo lowor. Ttecelpta were only 44 cars. Cash premiums on No. 2 white were lNiiSl-Hc over Mav. Buying of May and selling July rye and tho revi-rsn with buying May Btralght and scattered selling of July by traders fea tured the market. Prices dropped 24(j SVjc, with a small rally at the close. Pit Notes. Grain markets were seml-deniorallzed during the last Imlf of today's seaslon. lluyers tacked confidence, while sellers were aggressive and pressed their ad vantage strongly. The general feeling was that corn and oata are going lower, although there may be some rally from tha present jvel. Llvwmore, the New York trader who wfos credited with being a large buyer of July wheat tljres days ago, sold out and thr others who were afraid of further losses lot go. There has been a larjrn holding of job lots of corn by the country, who have refused to sell. The past few days has changed their minds, and they have liquidated freely, depressing tho price for May rrom Up over lo even with Muy price, for a time. This added to rthe depression. John Inglis 'wired from Chlckashaw, Okl: , "Genera! ro'ndidon ot wheat and oats good. No (la mace bv frost. Sufficient number of green bugs In fields to still make them menace to crop, but very doubtful if they do any serious damage." Receipts of wheat at .Minneapolis wore 196 cars, compared with 175 last week and 205 cars . last year. Duluth received 9 cars, rnmlpared with 78 last week and 47 last yeuW , Wlnniijes- recelnts were 138 rar, com pared with 205 cars last week and 271 cars a ycar ago. The Trice Current Grain Reporter says that sJil conditions are reported almost entirely! "favorable" throughout the statea of Indiana. Illinois. Missouri. South Dakota and Oklahoma, Inrgelv '"tno wt" in Ohio j maw 'iivra'M'r;---'''-.'! is et r. ' ' "' ..' considerable portions of Nebraska and Knnaas also "too drv." Members of the Hoard of Trade wiU vote, on April' 1 on tho proposition to change tho ruin regarding contract bar. ley. Tt is proposed that No. 2 barlev will be deliverable at contract price with No. 1 also acceptable and No. 3 will be legal tender : 1 5c 'discount. "' This is the same as present rule., but an addition is propoaed, making No. 3 bav brewing mixed and No. 2 Chevalier mixed, de liverable at 7c discount. One of the causes ot the break in corn was the liquidation of May by country longs. This corn waa going out on stop lops orders and in many cases was being transferred to the July. Minneapolis Oraln, Minneapolis. March 30. Flour Un changed to 25c higher; famllv patents, $9.no-(i9.15 per bid. In 9-lb. cotton sacks. Bran 818.0ngi20.fio. Wheat receipts. 196 cars, compared with 205 cars a year ago, rash, -No. 1 northern. tt.64'481.6.Vi ; March,. $1.38; May. Corn No. 3 yellow, 4930c. I Oats No. S white, 331i34V4c. Parley 49- 69c. Rye No. 2. It. 401.41. Flax No. 1, $1.76'a1.79'j. Nt. Ixuil Grain. StS 1 .011 la. Mo.. STavCh 30 Wheat March, ll.olilj: May, 11.39: Julv, 119'a. Corn May. I!1'c; Julv, H',,-. Oats May, 39Hic; July. 41Sc. 1st t'hlcngn Potatoes. (Chicago, March 30. Polatoea Receipts, J2 cars: market slightly atronger; north ern white, sacked and bulk, $1. 101.20 per cwt. South Omaha With Each Purcha.e ' if South Side Hogs 011 Toboggan In Local Market Price Has Declined One Dollar A Hundred Pounds This Week. The pnett of hogs took another drop of 25 cents a hundred pounds 011 the Omaha market yesterday, making a decline of $1 since the market closed last Saturday night. Receipts of hogs yesterday were 14,000 head showing up, making a threerday total of 33,012 head a against 30,926 head the same days last week and 53,64") for the same period a year ago. The bulk ot sales yesterday rang ed from $3.25 to $9 a hundred pounds, while last Saturday the mar ket closed with the bulk of sales go ing at from $9.25 to ?9.85. The mar ket was dull with the packers slow in making purchases. Beef prices remain steady at quo tations of $9 a hundred for choice steers. Lambs were off about 25 to 50 cents, with best fat lambs sell ing as high as $9.30 a hundred. Man Recently Wed Bound Over for Trial On Complaint of Girl I'harlcs M. Hannah, street car conductor, was ordered bound over to district court in $1,500 bail by Justice of Peace Runce yesterday, on complaint of Elizabeth Bauer, 19, who has been held in the county jail to keep her from doing herself harm. She was arrested by request of her father, David Bauer, Forty-second and T streets, after she had wandered away from home in an effort to kill herself, it is said. Hannah married another girl, Pearl E. Gregory, on February 23 and they now live at 1718 Ontario street. Elizabeth Bauer said yesterday Hannah was a close friend of hers up until the time of his marriage. She was first apprized of his deflec tion from her when she saw his marriage' Icense in the newspaper. Negro Stabs Workman in Row Over Missing Boots Arguing over the disappearance of a pair of boots in the dressing room of the Swift packing plant 011 the C-...1. c.-J a. il.cn . 1 J oouiii ciiue at u.ju yestcruay morning, Tony Xadiezko, 4002 South Twenty fourth street, and Levi Rose, negro, The Road That Leads To Financial Independence is just what you make it I XssCV mate it a never end I ng one not "vin8 ytern ft cicilly. 1 -' " 1 ' You can make, it a long and tedious one if your money earns only average interest rate. You can make it a pleaiant, interesting and shorter road by purchasing sound, listed di vidend paying stocks on the Rose 20 Payment Plan Which road will you take ? Write for Intensely iniereatine FREE booklet No. 256' "How to Become Financially Independent" I Rose&CompanV InOttmtrit Bahktrt 50 Brood St. NewYork CREDITS THE J.J. CAMERON CREDIT BUREAU Known a the most Reliable and Efficient Credit Service ' for all Retail Merchant We have complete credit information on file and give PUOMPT reports to all Retail Dealers, r"n : r a '. The Retail Credit Men's Association ha Established a record as an efficient and reliable Collection Bureau which can take care of your ( collections promptly . aod satisfactory. THE J. J. CAMERON CREDIT BUREAU 217-218 Lefianf Buildinf Telephone Douglas 7980. RETAIL CREDIT MEN'S ASSOCIATION 217-2IS Lefianf Buildinf Telephone Douglas 2381. ftlil GRAIN-- 1E solicit your consignments V of all kinds grain to the Omaha, Chicago, Milwaukee, Kan sas City and Sioux City markets. We Offer You the Services of Our Offices Located at Omaha, Nebraska 4? mm Kansas City, Missouri Get in touch with one of these branch , offices, with yiauowcjain shipment.. The Upcf pany ilkiiailTWlVliir ih Mil 1 Van-iiasi .liislrVii llilisiVii came to blows, according to police, and the negro drew 'a pocket knife and slabbed -Tony in, the left .sid jutt above the hip. ' Dr. J. E. Busby wa sutiinionei and removed theN wounded nun fu tile emergency hospital. Rose wa lined $7.50 for assault na battery. South Side Brevities Soft Maplea, S91? W Kt. ,8iy 14J5. Illlni. la coat. to per ton. Pivpuka Coal A Teed Co.. 80. 061ti. ' Thero will be a meetlne; of Pivlalon No. I, A. O. H . at Eairl hall, tomorrow nlghu A. P. Conaway, paltu'na; and paper, banting. J'hone Tyler iitii. 2-11 VlnloB tract. Adv. Tha women of St. Roae parleh will lv a bunoo party at their belli 'llwe-nllntli and .Missouri avenue, thla eveuUiiia 8. Tho Woman'a Home Forelif iMIaalonarjr society of Wheeler .Menorluiiuroh will mei-t at the chun-b I 111 aftmlr-nn at 910. loId rarkiup rmnpany, Ind Venrlant, haa rut woKea the aame aa the .'hia; ftve,"'s 12'a per cent for plooe work anil I eenta per hour for hourly work. I.enna Grace Stewart, 19, daughter of Mr. anil Mil. Frank dray, lull Mlaanui-1 avenue, died Similar at St. Paul. Tha hoily arriveit h,rc Monday anil the funer al will he held thla aftnrnoou at 1 train tha Ulon naptlat church. Business Hesitancy Shown in Middlewest, Bank Statement Says Chicago, March 30. Hesitancy it again manifest in business in the middlewest, according to the state ment of the Federal Reserve ban k vi the Seventh district, issued today. This is due, the report said, to tm-i certainty caused by high retail prices of necessities, curtailed build ing operations, the attitude of wage . earners in resisting wage cuts, dc- . laved liquidations of farm holdings, ' 1 he heavy demand .for . money and high interest. ' t "The last few weeks, there has. been a falling off in the movement of all grains from the farm," the report states. . "Mild weatfier has ' caused the farmer to turn his at- , tention to spring, preparations of crops. There also has been a con siderable reduction in the average price of farm lands under cultiva- 4 tion. Improvement has been noted in practically all reports from the automobile industry." ' We Offer Py prf Jyo MORTGAGE BONDS Tax Free in Nebraska $100, $500, $1,000 Amounts Invcalnirnt Dep't. torn o) Denmark 25-year 8 Sinking Fund Gold Bond. Due - 1945 ' In S 1,000 and 1500 dennml- ' nations. The Sink Inn Fund payments, aa apreed to In the contract for this loan, are sufficient to redm the entire loan at or . before maturity. Price to yield about 8.10 Circular on request for OB-380. The National City Company' Omaha First National Bank Bid. Telephone Dousrlaa 8816 COLLECTIONS j Lincoln, Nebraska Hastings, Nebraska ' Chicago, Illinois Sioux City, Iowa Holdrege, Nebraska Geneva, Nebraska Des Moines, Iowa Milwaukee, Wis. Hamburg, Iowa t I
