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About Omaha daily bee. (Omaha [Neb.]) 187?-1922 | View Entire Issue (April 20, 1921)
THE BEE: OMAHA, WEDNESDAY, APRIL 20, 1921.' IS Expects Trade Revival at End Of Fiscal Year tiidge Lovett, Chairman of U. P. Board, Makes Predio lion After Trip Through West. Market, Financial and Industrial News of the Day i , i - ) . i i i - 1 1 1 Live Stock By HOLLAND. Judge R. S. Lovett, who i chair man of the board of the Union Pa cific railroad and is a man of unutual discretion, always measuring his word, "has told his friends in New York that the reasons are exceUent for expecting a renewed activity in trade beginning at the end of the present fiscal year. That, perhaps, is the most interesting of any of the statements made by Judge . Lovett after his return from his prolonged tour of inspection covering the en tire section of the country which A the Union Pacific railroad serves. Others have ventured to predict a Vettirn of business activity at the close of, or immediately following, the end of the present fiscal year. But in almost every case the pre diction was made by men who were reluctant about making a statement of this kind in any other way than impersonally. . Why Judge, Lovettfwes the first of July as the date wVth will iden tify the beginning of great business activity, he explains by referring to the crops. Report has been made in this column recently' of the re- ,ii r. ,r ..... Vfttt rt kticinjkee men LUI II I J 4,VTT A fWW VJ ( UU HI V J J ....... rwljo have been visiting many sec t;hs of the country and especially the great agriculture belts. Farmers at Work. All onnL-c nf the evidences with which they met everywhere that the farmers are beginning the cultiva tion of the soil with energy and without any attempt to curtail acre age. This activity justifies, in their opinion, the view taken by these benign we may expect thii year's J harvest which will average well with the best harvests of any other year. juclge LiOveu nae connrcnea im r ortg which were brought to New York a few days ago by those business men. He has personally discovered, no that he ! competent to give testimony as a witness, that the crop situation, ao far as) It la now possible to forecast, la batter than at any other time la prevloua years In the inld-sprinir. Tha asgragata acre ana he found waa not lesa than that of laat year, but tirobably greater. Although th. ..... Y-mvm. V.an naaalnv threuffh tha aama embarrassing axperiencea whloh have been tha lot of other industries, nevertheless they fceve their surplus grain In storage awaiting tha time when they will receive better prices than they nave been able to command for soma months. Good Business Will Continue. Anotf.'er point whlah Waa made by Judge Lovett waa in full agreement with opinions which hava been expressed by many of tha other' leaders in our tn duatrlea and trshseortatton systems. Tor he believes that when the business ac tivity bsglni in midsummer it will ba continued at least throughout the year. Judge I.ovett'e views are spoken of as very helpful at this time when so many are despondent on account of the busi ness depression. For he holds that thla depression is momentary and represents Si he reaction from the fevered activities . iltivs and also the year succeed ing tha signing of the armistice. Tt'e ablest men believe tha this Is no time for gloom. They speak; of the Increas ing evidence that the railroad workers will bo willing, to accept the - reduced acale of wages. Lower prlcea for ma terials and supplies' and of operating costs will aid the railroads. By mid summer the whole situation will be much brighter and very likely before the sum- atsr is over ir.e jbuivpMu biiu,wu ... u cleared up. . Another Distribution , of Wealth. Kmily P. Southmayd la t be Included In the Hat of those who lossessea great wealth and whose estates hava been dis tributed among philanthropic, education al and religious institutions. Mrs. A.. A Anderson, who died a few weeks ago, bequeathed soma Jo.OOMOO to various In stitutions. E. C. Converse, whose -wlU was recently offered for probate,--sat apart (2,000.000 ta be distributed among various Insltutlons, educational, prilantb.ro pie and rellgloue. Mlaa Southmayd, wfcose wlllwai offered lor prooaie a uay ir iww u,nn. J?,626,0OO to vartoua Institutions. There fore, "within a few weeks, nearly HO,. eOl',009 of wealth which waa accumulated within the past SO of 40 years has been distributed chiefly to educational and phll- enmropio ineiimiions. ' Miss Southmayd. inherited the astata k which wss accumulated by her brother, htrles F. Southmayd, who wss for many Wars a member of ;p law firm, one of wnose partners was William M. Evarta and another was 'Joseph H. .Choate. Mr. Southmayd waa unmarried and mad his home with hla aiatar. Mad Sofa Investments. Mr. Southmayd, after hla wealth began to Increase greatly, decided not to make anr Investment of It in Industrial cor poration or railway ttock or bonds. Hi long experience had taught him that there might be soma danger In making Invest- ments of that kind. Therefor ha con verted his money Into government or state bonds, being somewhat Indifferent about the lower rats Interest which these ee ouritlea carried as compared with the standard rate upon high grade stocks. Hs coveted peace of mind and knew that it his several mllllona were lnveated In gov ernment and atat bonds ha would have no causa to worry. Probably In the dis tribution of the property In accordance with the will or hla sister tne bequests will ba mads In tha form of government V- atat a bonds. Mr. Southmayd agreed itttth tha late ex-Judite Dillon, so far es 1 Investment of personal wealth was con iWned. Judge Dillon looked with favor noon investment, not only or me own wtalth but that of hla client, in gov-. ari.ment bonds, often advising his clients not to receive stocks or bonda In payment o! obligations but Instead of that cash, which then eould be Jnvested in govern ment bond. Chlean IJva Block. . 11.060 head: beef ateer. steady te tic lower; heavy kind off most; top, 89.80 paid for U-yearllng steers and heifers; top heavies, $9.05; bulk beef steers, $7.75 et-i0; butcher she stock, weak to 25o lower; "bulk, 5.T57.60: canners and cut ters, largely I.7S4 08; bulls, slow, eteady; bulk bologna, $4.7595.00; beef bulls, 86.98 48.00; calves, strong to higher; bulls to packers. $7. 50 8. 60; stockers and feed ers, weak to 15o lower; bulk, $1.00 ? T.Ti, Hogs Receipts, 13,000 head; opening, light and mediums, ateady to 10c low er; others, steady to 10c. higher than yesterday's average; oletlng. Strong at day's beat price: top, lt.80; part load lights, $9.88; bulk !00 pounds and down, $9.009.!5; bulk 210 bounds and up. $8.1 8.90; pigs, fully 98c lower; bulk desi rables. SO to 120-pound pigs, $1.7509.00. Bheep and Lambs Receipts, 11,000 head: lambs, big, 15a higher; wooled lambs, top, $11.10 to shippers: $10.5 to Barkers: bulk. . tlO.ZBeMo 78? mhnrr, ,Mn '"Alo.O bulk, $9.00 10,00 choice 114-pound Aorn lambs, $8.00; practically no sheep here; fee head 110-pound shorn lam by was, $5.80, Kansae City Uto Stock. Kansas City. April 19. (U. 8. Bureau of Markets.) Cattle Receipts. . 11,000 ' head: beef steers, weak to 5 So lower; heavies, off moat: bulk of sales. $7.15 1.00: yearlings and she stork steady to weak; best yearlings. $.). 00: choice cows. $6.40.t6: bulls and calve?, fully ateady; best vealere, .$8.0099.00: canners .feeders duH with prices week. rings fteceipta. 9,000 head: market mostly steady to . 10o lower; few lata sales, 10 915c lower than yesterday's average; light lights to shippers. $9.50; bulk of sales. $7.08.0; packing; sows and pigs, eteady: best pigs. $9.00. Sheep and Lamtw Receipts, 1.00 head: killing clsases, 16915a higher; mostly Ife higher; 77-pound wooled lambs, $10.15; 10-pound clipped. $9.00. Woojc nty Uv Stock. Stoux City. la.. Anrll 1. rattle Re. vpts. 2.400 head: market, IO9SS0 lower; a! steers and vearlln 1 aA 11- ft fj?V-.anl. heifers. $S.75f 7.80; canners. Vtl.5r8.5: veals. $l.008.50: - feeders. ys6.ootT.6o; calves, $1.50 9 7.5; feedlnt l!Jl.n?lle",sr -W9.l; etockera. Hose Reeelots. 10 x M..w.t I mir ? trooFv,;tht' 9$.40; m 'dium mixed. $7.0l.i; heavy, $7,009 t.15: bulk. $8.758 8 25. ' w Sheeo and Lambs Receipts. 708 head; KVi1'. A,t'dy trn; HSht nb", fe.i095.eQt ' ' , Omaha. April 1. Receipts were; r:m u.h Shun Official Monday 1.19 8.14 14.411 Katimate Tuesday .. 9,800 10.000 14.50 Two days this week 18.955 18.140 19.911 riii u? iasc weea s.sst i,ois si.soi Same days 1 w'e a'o 11,417 14,014 11,705 Same daya 1 w's a'o 10.118 19.011 19,767 Same daya year ago 11.59 17,15 11,191 Chicago Grain Cattle Another heavy run of cattla showsd tip today, around 8,800 head be ing reported In. Tha market was sgaln slow and unevenly lower. Some shipping oio not over 10 vise .lower, out on the bulk of the steers prices were mostly Uo lower -and some of the plain and heavy cattle were hard to sell at sny figures. Nothing of consequence sold above $8.29. Cowe opened nearly steady, but eased off later" and closed as much as 159260 lower. Blockers and feeders were nominally ateady, there be ing hardly any thin cattle on sale. Quotations on cattle: Choice to prime beevea, $8.0098.15; good to choice beevea. $7.7691.00; fair to good beeves, $7,260 7.85; common to fair beeves, $8,609 7.25; good to choice yearlings, $7,86 9 1.50; fair to good iyaarllngs, $7.!59'-7S; common to fair yearlings. $8.6097.15; choice to prime heifers, 87.1597.75: good to choice heifers. 18.6097,25; choice te prime cows. $8.7597.25; good to choice cows, $6.0091.76; fair to good cows. 85.269i.oo; common to lair cows, $1,500 4.50; good to choice feeders, $7.1697.76; fair to good feeders. 18.5097.25; com mon to fair beevaes, $5.7$ 9 8 50; good to choice , stockers, $7.1697.76; fair to good stockers, $8.6097.26; common to fair stockers, $1.6098.00; stock heifers, $4.60 96.25; stock cows, $1.1596.00; stock calves. 15.0097.00; veal calves, 16.009 9.15; bulls, stags. ete $1.7697.00. BEEP STEERS. Av. Pr. No. Av. T 15 47 1068 7 40 '36 1086 7 60. 11 1426 T 75 t 17 1165 1 1 STEERS AND HEIFER 9). 778 6 85 11 109 7 35 14 101 7 60 11...... 79 7 65 TEARLINQS. 7 36 26... 1 60 10... 1 00 COWS. 4 25 15 908 4 15 6 86 8 1140 6 00 8 05 24. ,....1071 60 20 1083 f 75 13 1033 HEIFERS. 60 8.... 8 75 13.... 7 0 STOCKERS AND FEEDERS; 415 00 21...... 710 8 60 10 747 7 05 12 331 7 35 11. ...... 717 BULLS. 4 10 1. 4 25 1. 5 00 1 50 Hogs Receipts of hogs this morning were atlmited at 10,000 head and tha market was a rather quiet affair, with prices steady to lljflfo lower. Shippers picked out a few good bacon hogs, but the demand from Ihis quarter was by no means bread at the preaant time. Best light hogs made a shipper top of $8.40, with bulk of the receipts selling from $7.598.25. , , HOOS. Pr. No. Av. Sh. 7 to No. 16... 15... 25... 45... 11... 10.:, 21... 15... 7... 22... 14.... 25.... 17.... 16.... 21.... 20.... 10. 11 11 10.. IV 11 11 14 1..... 1 1 ..1235 ,..1163 ...1070 1. .1247 1. .1116 .. 923 ,. 616 ..1054 ... IMS 768 764 ... 938 ...1072 ...1019 ...1091 ...1019 970 lt 719 . 45 . 126 . 107 .100 .1370 .1130 . 136 941 671 . T51 . 814 .1031 Pr. 7 25, 7 60 7 65 1 00 7 35 7 40 7 10 7 60 7 70 40 6 65 7 0 ....167 ....1620 10 75 7 15 7 $0 4 15 4 (0 No. Av. 83. .339 63. .877 75.. 26 29. .281 IS. .243 05. .207 12. .11 Sh. 70 70 140 "7 7 70 7 80 7 90 8 1 1 15 I 45 61. .309 69. .320 37. .287 45.. 278 93. .249 38. .307 11. .111 80 120 7 65 7 75 7 85 8 00 8 15 8 36 8 50 Sheep Arrivals of sheep and lambs amounted to 14,60 head and packing de mand was fairly active, with prices strong to a quarter higher on most classes of stock. Good light and handy lambs sold up to $10 and some rather heavy shorn lambs reached $8.75. Pat ewes made a top of $7.00. There were no feeders or shearers of consequence In the receipts. Quotations cn sheep: Best fat lambs. $9.76910.00; medium to good lambs. $9.00 99.60: plain and heavy Iambs, $8,269 9.00; shorn lambs, $7.759.00; good to choice ewes, $6.6091.00; fair to good ewes, $6.0098.50; cut! ewes, $2.0093.00. Pr. No. 9 75 106 Colo 10 00 561 Colo . 8 75 ' 213 Colo 9 90 145 fed 9 75 ' 481 fed CLIPPED LAMBS. 15 8 75 PAT EWES. 133 7 25 . Av. 84 64 87 83 81 Av. 93 71 ' 91 87 77 60 10 00 4 28 950 10 00 No. 244 Colo 499 Colo 384 Colo 701 Colo 490 fed 79J Wyo. 97 fed New York General. VaW V1,1 InHI fa AX U . a... - - ..., . . . iirai .11,1. eaay; No. 8 red. $1.48; No. 1 red, $1.60: o. 1 VntiHAha 11 14- 4 tA4 J..- um, $1.45, all c. i, f. track New Tork w arrive. f!rtrrv Snr ha f1e low and No. 2 white, 78c; No. t jmixed, 7SUt 3 L ' f. KW TftfU iA-Astw et.n. '- - -" w.-.y as .at u ment . Oara Bre!y ateady; No. 1 white. 49Hc Lard W-ak: middlowcst. $10.15 10.25. I4-SA YiHmsk eiimma sKv n . s w wvsaeasia joiivw, iyws( fv.tv, May. ! July. $.7; September, $7.18, , , UIVi All other artloles unchanged. St, Joseph Live Stock. St. Josenh. Va.. SnHt ie raf,t n . celpts 1,000 head; market steady to 16o ers, $4.00 9 $ 5! calves'. $5.0097.60; stoek- vr. urn xeioers, sv.0ussf.7s. Hogs Receipts, 1,000 head: market ac tive: lOitlle hlatheri ton. 19 Kit- kll sales, $7.8698.60. Sheen. and T,amtM Tt.rlntfl t AAA t, .. J . prospects higher; lamba, , $9!25910.26: ewes, $0.9397.00. Chicago Potatoes. Chicago. April 19. Potatoes Steady ; receipts, ti ears, northern whltea sacked, 90o to $1.05 ewt.s bulk. 5o to $1.10 ewt.; New Florida. No. 1. $7.6097.75 barrel; Nu 2. $6.0095.6 barrel. Br CHARLES D. MICHAELS. Chicago Tribune-Omaha Bee Leased VTIre. Chicago, April 19. The few strengthening influences in the grain markets were more than offset by limited outside buying and by liberal selling of wheat by the same interests who were actively on that side Mon day. Highest prices were made early and the close was well toward the lowest on the coarse grains and at intermediate figures on wheat. Net losses for the day were 2 to 2 l-2c on wheat, 1 1-8 to 1 S-8c on corn, 1-4 to l-2c on oats and 27 8 to 31-8c on rye. Good weather with scattered re ports of rain over the winter wheat country, combined with liberal re ceipts, started a declining movement at the beginning and prices receded 3 to 3 l-2c for wheat. The market seemed to have few friends after prices started on the decline and even rerorts of 2.000.000 bushels being sold for export at the seaboard for July shipment failed to have more than a temporary ertect. e Crop New Conflicting. Toward the last there was selling of Mas and July by a leading cash house although It failed to hold prices down to the low point of tne uay. crop news was a little more conflicting, there being num erous claims from various sections of Injury by frost. Le Count's message from York, Neb., said tho crop was perfect, with plenty of moisture. A heavy tone prevailed In the corn mar ket nearly all day, despite reports, or an export business of 400.000 bushels sold to go to Buffalo and Montreal, with char ters ' the past two days for 1,525.000 bushels. These seem to have no effect, as the locsl trade Is Impressed with the Idea that prices ars to work lower. There ere a few traders, however, who believe that corn is low enough and are buying It on all weak spots. 'The renge on May wss 68 to 68e with the close 66 to 66 o. ' Oats Trade Bearish. Fine weather made local oats traders bearish despite the fact that there were spctted reports regarding the crops from central Illinois, owing to the recent freeze. Weakness In other grams encouraged sell ing by the local element, while on tha break commission bouses absorbed tha of feiu.gs and later early sellers became buyers. The close was slightly above the low point. Northwestern holders sold Hay rye" and enorta ana spreaders bought July, sea board houses were ,alr buyers of May. Export bids were 26o over Chicago May, track Baltimore, with 27c added, and no business reported. Pin Notes. t There Is a belief among a number of the largest traders that wheat prloes should hold around the present level to somewhat under until there Is something diastlo in the way of crop news to bring Increased buying. Opposition that con structionists have met of late has come frcm big eastern and local traders who httvo put pressure on July. Conservative people are not advising sales of July wheat at the present level, as it means 80 to 85c to the farmer. It Is said that part of the opposition the wheat market has met on bulges of late, as well as on the weak spots, has come from hedging lales for the British royal commission, which la said to have hedged a -rood part of the 80,000,000 bushels ho' In various positrons. The trade is not looking for much of a movement either way from the present level in corn and oats values. Hedgers are getting In their May and changing to the preferred deliveries, particularly In corn, and the spreads are narrowing, al though they are still attractive. Buying of July wheat In Chicago at around 102 and selling October in Win nipeg at 1.50c Is advocated as a spread by some of the Chicago traders. May wheat In Winnipeg, which has been expected to weaken and led to de cline on Monday, broke 7c today, touch ing $1.49Vi at the low, with the close above that point. Sir James Wilson, chairman of the central agriculture wages committee of Scotland, says that the world's wheat sup ply for the current cereal year Is more than equal to. the demand and he pre dicts that the exporting countries will carry over a surplus. F. J. Young of Chicago and Leon A. Ful ler of Kansas. City, were elected to membership on the Chicago Board of Trade today. There was no other busi ness of Importance before the directors. New York Sugar. New Tork, April 19. The raw sugar market was easier today and the Cuban committee reduced Its prices He to the basis of ic for Cubas, c. 1. f.. equal to 5.640 for Centrifugal, the quotation at which uncontrolled sugars have been sell ing for the psst week. The committee reported sales qf 20,000 tons to the United Kingdom for May loading at about' equal to 5.64o for Centrifugal, although do mestic business waa confined to uncon-. trolled sugars and Included 15,000 bags of Porto Rlcos, 10,000 bags of Perus and 4,50$ bags of San Domlngos. , i i New Tork Produce I New Tork, April 19. Butter Unsettled : creamery higher then extras, 4649Jc; creamery extras, 45 He; creamery firsts, Eggs Steady, unchanged. Cheese Weak: state, whole milk flats. fresh, specials, 21ViJ2c; others un-. cnangea. Financial . Kansas City Produce. Kansas City. April 19. Eggs lo lower; firsts. 22c: seconds, 18c. Butter Unchanged. . Poultry Hens, 17c: broilers. 5060e: roosters. 14919c. By ALEXANDER DANA NOYES. Chicago Tribune-Omaha Bee Lcaeed Wire, New York, April 19. -Money on call declined again in the stock ex change today, to 6 per cent, falling through the 7 per cent rate for the first time since April 8. I his re current downward tendency has such importance as always belongs to that branch of the money market as re flecting a general trend, but at pres ent it has no more. The money mar ket has got so far out of touch with the ordinary criteria of visible sup ply and demand that its narrow fluc tuations have ceased to excite any influence of their own. The lower rate had no effect on the stock market, which again moved with absolute uncertainty and with individual advances and declines which had no relation whatever to one another. It was a market in which even the professional specu lator appeared unable to find rea sons ffjr a serious initiative in either direction. Railway Shares Quiet. Railway shares wers practically motion less; possibly the chances of the labor rA rfAci.inn offset such highly unfav orable considerations as the Increase of 11,000 idle cars last week, making 110,000 Increase slnoe the year began. The total number of slda-tracked cars now exceeds considerably the 411,600 maximum In the recation og 1908, when total tonnage moved decreased 15 per cent from the year before. Wheat fell to another new low price for the period, contracts for July delivery reaching 11.02 per bushel, the lowest since July 1, 1916, ann less man was quoiea m this month of 1909 or 1910. Exchange on Europe was generally lower, but aterlin.r hardly rr.ovea ana rates on ircriia uiuaeu slightly higher, despite the new con troversy over, transfer of the reichsbank a cola into lerniory ovi-upicu uy a.t,,c. Trade Figures Discussed. iTh Maroh foreign trade figures came In for much discussion as to their bearings on the exchange market situation. Last mnnth'i snrnlua of gold exDorta over Im ports Is deducted from Its surplus of mer chandise experots; the month's net balance In our favor on foreign traae account works out only $28,700,000. - In March of 1920 that balance waa greatly enhanced, not only by the much larger merchandise export surplus, but by our large gold ex nnrts and amounted, on that basil of calculation, to $325,8000,000. Reduction or nearly 300,oou,oe in one month's accruing trade credits could scarcely fall to cut some figure in foreign exchange rates, yet except ror trance, Italy and Belgium, exchange on prac tically all foreign markets stands now be low the rate of a year ago, that com parison holding good even as to London, despite the recent recovery In sterling. New Tork Cotton. New Tork. April IS. The cotton market was easier during today's early trsdlng, owing to 'reports of Increased southern hedge selling and lower Liverpool cables. The opening was at a decline of 699 points and the market soon showed net losses of 17920 points, with) May selling at 11.9lc and July at 12.49c. Liverpool sold here while there was also selling by New Orleans and spot houses, which steadily supplied a moderate de mand from Wall Street and local opera tors. Private cables reported a good tone In Manchester and a moderate spot de mand, but the late quotatione ifrom Liv erpool were lower as a resrlt of Increased offerings from the south or hedge selling. iso cnange was reported in tne tsntisn coal strike, while uncertainty with refer ence to Oerman war reparations waa also considered a restricting factor on general business. Prices worked off to 11.81c for May and 12.41c for July later, or about 18921 points net lower on the active positions. There was no fresh news feature connect ed with the declines and offerings were not heavy, with the market showlnc ral lies of a few points around midday on covering. , Some of the reports now coming, in from the aouth indicate a larger reduction In acreage than recently talked of by local traders. ... New Tork Coffee; New Tork. April 19. After opening 1 point lower to 1 point higher, the mar ket for coffee futures sold about 6 to ( points above last night's cloatng quota tions on private cables reporting that the Brazilian government Intended to buy any quantity necessary to sustain the primary markets and slightly steadier official cables. There waa no Important news, however, and the market later sagged off under renewed May liquida tion and reports that some of the coat and freight offers were 'a shade easier, although' the average showed little change. Cotton trade Interests were credited with selling May and a good deal of the business consisted of switch ing. May eased off from 5.76c to 5.67e, and September from 6.60c to 6.51c, with the markets closing at a decline of 1 to 4 rwlnts. May, 5.6Se; July, 6.1 Jc; September. 6.52e; October, 6.68c; December, 7.00c; January, 7.09c, and March, 7.27c. Spot Coffee Dull; Rio $, 6c; Santos 4s, t9te- - Turpentine and Rosin. Savanpah. Qa April 1 9. Turpentine Steady; 6241c; sales, 200 bbls.; reoelpts. Ill bbls.; shipments, 18 bbls.; stock, 4,864 bbl. . . , Rosin Firm: sales, 802 casks; receipts, 1,110 casks: shipments, 1 cask; stock, 75, 176 casks. - Quote B.. $1.60: D.. $3.76: E. F. G. H. I., $3.80; K., $4.00; M., $4.10; N., $4.20; Wtt, $4.60; WW, $5.00. New York Quotations A.. T. A S. F B. AO 69 Range Of prlcea of the leading stocks, furnished by Logan A Bryan, Patera Trust building: RAILS. ' Mon. High. Low. Close, Close. ... SO 80 80 7944 ... 84H 1344 13H 34U (.anaaian rac.irio..lin4 ion josh ho N. V. Central..... 68 66H 66 684 Ches. A Ohio 69 H 69 69 Vi 69 V, Erie UK, liU 11 12 ui. ior. pia eM es Chi. Ot. "West .. Illinois Cential . . M., K. A T K. C. Southern.... 25 Missouri Pacific... 17 17 17 18 jvew iiaven ....... ith 17 16 Northern Pacific. 72 71 71 77 4tt 35 14 14 16 t5'j 67 87 26 U 26 16 744i 74 74 21 21 11 11 16 14 16 14 116 114 114 115 ...7 7 7 7 STEELS. ..123 121 133 123 i. 17 36 17 37 . . 88 - 85 85 884 Utd. Alloy Steel... 89 SOU 10 .... Baldwin Loco...., 86 86 15 15 66 64 66 65 80 71 79 90 29 19 29 29 48 37 17 , 17 27 60 59 60 60 C. A N. W Pennsylvania .... Reading C, R. I. A P Southern Pacific, Southern Ry C M, A St. P.... Union Pacific Wabash Am. C. A F. . . Allls-Chalmera Am. Loco... 69 7 88 1 24 24 25 61 ! 74 Beth. Steel Corp. Crucible Steel ., Am. Steel Fdrs. Lackawanna . . . Mldvale S. AO.. Rep. I. A S Ry. Steel Spring. Sloss-8hef. S. & I.. 18 18 38 u. Ot eteei... 86 81 11 11 11 COPPERS. Anaconda Cop 89 11 39 18 Am. 8. A R 40 40 40 40 a. a a. Min j 12 12 Chile Conner 11 41 11 u. 11H 11 U Chino Copper...... 22 22 12 22 map. uop.. Kenn. Cop. Miami cop Nev. Cons. Cop, Ray Cons. Con., Utah Cop...... 34 33 34 13 ... 20 19 19 19 20 20 20 11 11 11 11 11. 11 11 12 12 .51 61 61 60 We Recommend and Offer Exempt From Federal, State, Municipal and Local Taxation s , $40,000,000 ; 10-20 Year Federal Land Bank 5 Bonds Dated May 1, 1921 Not redeemable before May 1, 1931 Due May I, 1941 Interest payable) May 1 and November 1 at any Federal Laad Bank or Federal Re- serve. Principal payable at the bank of itiue. Coupon and registered bonda (interchangeable) in denomination of $10,000, $5,000, $1,000, $500, $100 1 and $40. Redeemable at par and intereit at any time after ten year from date of issue. . .. Issuing Bank: The 12 Federal Land Banks were organized by the United States Government with an original $9,000,000 capital stock which has since increased through the operation of the sys tem to over $24,000,000. Security: ' These bonds, in addition to being obligations of the Federal Land Bank, all 12 of which are primarily liable for interest and . ultimately liable for the principal on each bond, are secured by collateral consisting of an equal amount of United States Govern- v n ment bonds or mortgages on farm lands which must be: (a) First mortgage to an amount not exceeding 50 per cent of the value of the land and 20 per cent of the value of the perma nent improvements as appraised by United States appraisers; (b) Limited to $10,000 on any one mortgage; (c) Guaranteed by the local "National Farm Loan Association, of which the borrower is a member and stockholder. The stock . of these associations carries a double' liability; (d) Reduced each year by payment of part of the mortgage debt ' i j- . . . Acceptable by Treasury: These bonds are acceptable by the United States Treasury as security for Government deposits, including Postal Savings Funds. Price 100 and Accrued Interest, Yielding 5 Tie statements contained! herein, while net guaranteed, are based upon information and advice which ere believe to be accurate and tellable. Federal Land Bank v" of Omaha r Peters Trust Company Burns, Brinker & Company of Omaha ' of Omaha Omaha Trust Company First Trust Company , of Omaha of Omaha 88 44 46$ INDUSTRIALS. Am. Beet Sugar.... 31 St'i 17H 17 A.. O. & W. I. 8. S. 384 364 7 36T4 Am. Int. Corp.... 42 43 43 43 Am. Sum. lob 7314 7J ' 73H 73)4 Am. Cot. Oil Co ' .... 11 Am. Tel. A Teli.,106H 106 106 106 Am. Z., Ld. AS 8 Brook. Rap. Trans .'. .... 12 Am. Can Co J944 29 '29 19V4 Chand. Mot. Car.. 80H 7944 79 7974 Cen. Leather Co.. 3& 3444 34 34Vs Cubs Cane S'r fAlfi 1SU lau. isi. racxins i;orp hh 67 Cal. Pet. Corn 47 u. 4t ' 48 Cora' Prod. R. Co. 72 71 71 73 Nat. En. & Stamn RTi FUk Rubber Co.. 16 16 16 16 fan. mWri, r 1,t; " ...7, Oas. Wms. & Wig- 1 144 1 1 ww. jnuiurs uo... xa n J2?4 12 'M IB uuauncn a ft 3i 31 Am. H. & L. Co Hask. & Brkr. Car . . U. 8. Ind. Al. Co.. 86 6fc Internal. Nickel... 15 15 Internat. Paper Co 62 61 Ajax Rubber Co.. 34 38 33 Kelly-Spring-. Tire. 40 89 40 40 ivey. lire s kuo.. ltft hi ifcffl Internat Merc Mar Mexican Pet 146 143 144 148 Middle States Oil., 14 13 14 13 3 11 Pan-Am. P. & T.. 71 i iMerce-Arrow Motor 33 33 33 83 Royal Dutoh 63 02 83 6144 U. 8. Rubber 70 68 69 70 Am. Sugar Rfg.... 89 87 88 89 Sinclair O. 4 R 25 24U tin tiu awiB-powuti .... tll 7tJj 77 . ' Omaha, April 19. Wheat sold at a decline of 5 to 6 cent! today. . Corn was unchanged to a helf cent off for the few offer ings on hand. Oats were nominally a half cent lower. Rye was 2 to 3 cents lower and , barley was un changed. Grain arrivals totalled only 52 cars, of which 39 cars were wheat, corn nine and no oats. ' Wire service was still limited todiy as a result of the storm Saturday and reports from a number of markets were not received.- WH8AT. No, 1 hard: 1 cars, 11.25; 5 cars. 11.14. No. 2 hard: 1 oar, 11.13; 2 cars. 11.11 '"Nol''hard! 1 car. 11.21 (smutty); 1 car. 11.11; 1 raw. 11.20; 1 car, 11.19 (smutty); 1 car. 11.16 (very .smutty). Simple sprint: 1 car. 81.00 (47.1 lbs). No. 1 mixed: 1 cars. 11.18 (durum). CORN. No. 1 white: 1 ear, 47c: 4i car, 46c. No. 3 yellow, 1 car, 47c. No. J mixed: 1 car, 46c. No. 1 mixed: 1 car, 44c. No. 4 mixed; 1 oar, 44o (shippers' weights). i Rye No. 1: 1 ear, fl .16. . BARLEY. Sample: 1 car. 4Jo. CHICAGO CAR LOT RECEIPTS Today ween Omaha Grain Bonds and Notes .Tha following quotations furnished by the Omaha Trust Company: Price Ap.TId American T. T. Co. 6s. 1913.. 97 7.36 American T. & T. Co. Cs. 1924., 96 7.10 Anaconda 7s. 19!9 i, 91 1.16 Armour 7s, 1130 96 7.65 Belgian UoVt 8s. 1941 97 1.23 Bel Gov't 7s, 1946.7 97 7.78 Bethlehem Steel 7s. 1922 99, 7.54 Bethlehem Steel 7s, 1933 98 7.66 British s, 1912 96 6.10 British 6s, 1939 88 -7.20 British (s, 1937. 86 7.04 B. A Q. Jt. 4a. 1921 99 8.23 C. C. a St. I.. 6s, 1929 88 8.0 Christiana 8s, 1946 97 1.26 Curtahy Packing Co. 7a, 1933... 99 7.36 Penmark ta, 1948 99 9.U6 Frenoh Gov't la, 1946... 98 1.10 B. V. Goodrich 7a, 1933 90 9.94 Japaneaa Gov't 1st 4s 1926... 99 9.83 Japanese Gov't 4s. 1931 66 9.1 Morris Co. 7a, 1930. 99 7.76 Norway 8s, 1940 100 7.96 Northwest Beel Tel. 7s, 1941... 99 7.10 N. T. Central 7s. ,1980 100 6.16 Penn. R. R. Co. 7s. 1980 101 6.85 south. Bell Tel. 7s, 1926...,,,., 96 8.05 Swedish Gov't 6s, 1939 89 7.87 Swift Co. 7s, 1925 96 7.88 Swiss 8s, 1940 104 7.68 U. 8. Rubber 7e, 1990 101 7.30 Westlnghouse Elec. 7s, 1931...: 99 7.01 Foreign Exchange Bates. Following are today's rates etf exchange sa compared with the par valuation. Furnished by the Peters Nattonsl bank: Far South' Side Wl;eat 45 Corn 149 , Oats 119 OMAHA RECEIPTS AND Year Ago Receipts- Wheat .... Corn Oats ....... Rye Barley Shipments- Wheat Corn Oats Rye . Barley Today . . 19 .., 9 !". ' 'i ..97 .. f9 - .. 47 .. I' Ago 39 163 63 SHIPMENTS. Week. Year Ago, 97 69 41 Ago. 83 . 12 49 -32 18 2 1 37 .... 8 66 66 66 16 15 61 62 36 18 Pure Oil Willys-Overland Pierce Oil .. 14 33 7 7 8 lo io 10 10 70 89 Strombirg Csrb... Studebaker Corp.. 78 77 78 xoo. rroa..,.. Trans-Con. OH Texas Co U. S. Food Pr. U. S. S., R. & M... 32 36 78 49 49 49 49 J2 Wheat Corn . . Oats . . Rye .. Barley S. VISIBLE BUSHELS. Today. Wk. Ago. Yr. Ago, .17,431, CC0 17,877,000 31,064,000 32,716,000 32,437,000 33.446,000 1,665.000 1,855,000 1,804,000 2.006,000 42.418.000 6,265,000 7,866,000 18,686,000 3,481,000 CHICAGO CLOSING PRICES By TJpdike Grain Co. Doug. 2827. April 19. Art. I Open. I High. Low. Close. Yes'd'y Wht May 1.23 1.23 1.20 1.31 1.34 July 1.04 1.04 1.03 1.01 1.06 Rye May. 1.17 1.17 J.15 1.15 1.11 July .98 .97 .94 .95 .98 Sep. ' .89 .89 .87 .87 .40 Corn May .56 .56 .56 .56 .56 July .60 .60 .59 .69 .60 Sep. .62 .62 .61 .61 .62 Oats May .36 .36 .36 .18 .16 July .37 .37 .37 .37 .87 Sep. .38 .38 .88 .88 .38 Pork , May 15.00 15.00 15.00 16.00 15.40 July 15.90 16.05 15.3S 15.11 15.10 Lard May 9.82 9.90 1.65 9.65 9.87 July 10.25 110.35 10.10 10.10 10.27 Ribs May 8.95 9.00 8.77 8.77 8.97 July 9.40 9.42 9.15 9.18 9.85 ... 42 42 11 11 11 42 42 20 31 14 3! Situ White Motor 39!4 39 39 39 Western Union... 88 West. K. & M 47 47 47U 7lT Am. Woolen 72 72 72 7144 Total sales. 623,400 shares. Money Close. 8 per cent; Monday's close, 7 per cent ' Omaba Bar Market. Pratrl XTm v T7 ... . it-i... -. Jt - ........ ' - j ...vciyw Usui, gvuU HO" mand for top grades with prices a. little higher. Lower grades draggy with prices firm. Alfalfa Good demand for all grade dairy feeding alfalfa with prices firm. Little or no demand for coarse alfalfa. oiraw rnces steady; little demand. No 1 TTnlanil ni..lpl. k. tl, aAta No. 1 Upland prairie hay, 89.00010.00; No. 3 Upland prairie hay, 17.0008.60. Nil. 1 MIHlSnil nla1f haw CIA A No. 1 Midland prairie hay, 18.00 8.00. No. 1 Lowland prairie hay, 18.001.00; No. 2 Lowland prairie hay, 17.008.00, . uuics annua, szo.uugl1 zz.su; No. I, 817.80(20.00? Rtanttar.4 Jtt AneiVRA. XT. 2. 88.E0ll.O0; No. 8, 17.008.00. ' mittw, ..vw.uu; wneat , straw, I7.50ffij.00. Bar Milver. Now York. April 19. Bar Slrvervnna mestlc, 99c; foreign, 80c inexican aouars 48c , . Minneapolis Grain. Minneapolis, April 19. Flour Un changed to 30c lower. In carload lots family patents Quoted at 18.20ffi8.60 a barrel. In 98-pound cotton sacks. Bran 118.00O16.ft0. Wheat; receipts. .10 'cars, compared witn 131 cars a year ago. Cash No. 1, northern, 11311141 May 11. ; July 11.08. Corn No. 3 wellow, 4S49e. Oats No. 3 white, 3132e. Barley 43 6 2c. Rye No. 2, 1M801.19. Flax No. 1. 11. 611. 63. , ' Kanaaa City drain. Kansas City, April 19. Wheat May, 11.12; July,- 5c. Corn May, 48o; July, 52c; Septem ber, 66 o. St; Louis Grain. St. Louis,. April 19. Wheat May, $1.20; July. 11.01. Corn May, 56gi56c: July, 680. Oats May, 17 c; July, 18o. Chicago Produce. Chicago, April 19. Butter Lower; creamery, extras, 46c; standards, 41 c. Eggs Lower; receipts, 60,608 eases; firsts, 2425e; ordinary firsts, 212:c; at mark, cases Included, 32 24c. Poultry Alive, unchanged. London Money. London, April 19. Ear Silver 84d per ounce. Money 5 per cent. -Discount Rater Short bills. 1 per cent; three months' bills. 6 per cent PHILIP Weekly 11 Wonder Sale Men's Union Suits, spring and summer weight, long 6r ' ' d 1 f A short sleeves, up to $6.50 values, on sale at........ P 1 eUU 8 pairs of men's Lisle Hose, in gray, , , - v tan or black Children's beautiful Gingham Dresses, in different colors and checks, very special, at. Seven pairs of Ladies' Lisle Hose, for $1.00 $1.00 $i.6o Ladies' Corsets, made by the Warner Bros. Co., stand- d (f ard brand, exceptional values, specially priced to sell at P eUU $1.00 $1.00 $1.00 Men's Dress Shirts, with or without collar. $3.50 values; on sale at. .'. Ladies', Misses' and Children's Milan Straw and Rahrah Hats; all shapes arid different colors; your choice Ladies' fine Gowns, in white and pink colors, fancy embroidered, $1.00 values,, specially priced, 2 for, . . Ladies' and Misses' fancy Teddy Bear Suits, in dif- ' ferent, colors, beautifully "embroidered ; exceptionally. d Art good values. On sale, 2 for s V eU U Ladies' Corset Covers and Brassieres. These garments are wonderfully made, daintily trimmed, and in all the desired colors. On sale, 2 for. .... .- Large size Turkish Towels, 60c values, ' ' on sale, 4 for. , Morning Glory brand Coffee! 40c quality, on sale, 4 lbs. for , Tungsten Electric Bulbs, 25-watt, on sale, 4 tor Cut glass Sugar and Creamers, different designs, regular $2.50 values, on sale, special, per set. ........ Toweling best quality toweling, on sale 0 yards for ... 8 lbs. ot the very best sweet Idaho Prunes, ' for Watchesh-made by the Monarch Mfg. Co. Regularly t ff $2.00 values, on sale, for..... ' 4leUl Men's large size Blue Bandana Handkerchiefs, -on sale, special, 12 for $1.00 $1.00 $1.00 $1.00 $1.00 $1.00 $1.00 $1.00 urn . 1U1UU rain n i ismiuiiiiii iwiisiiiinifflh aus 24th and O Streets South Omaha Ask for Green Trading Stamps They are Given With Each Purchase Austria Belgium Csecho-SIovakla Denmark ...... Kngland France Germany Greece Italy Jugo-Slavla Norway . Poland Sweden Switserland Canada . Valuation. ... .30 ... .195 .27 ... 4.86 .193 .139 .195 .196 .27 . .195 Today. .0742 .0743 .1806 3.93 .0737 .0159 .0700 .0495 .0074 .1605 .0016 .2366 .1730 .. .8875 New York Curb Stocks The following quotations are fur nlnhed by Logan & Bryan: Allied Oil 10 11 Boston Montana 64 65 Boston Wyoming , 15-16 1 Cre'eson Gold 1 1-1 6 1 Coaden Oil Bit s Consolidated Copper 1 Rlk Basin 8g Federal Oil l(p Olnnrock OH 1& Island OH ' . Worrit DM Z. Midwest Refining Co... Sapulpa OH Slmms Petroleum White Oil 1 8 1 1 4 .. 23 ..1420il41 .. 4 4 .. 8 8 15 Chicago Stocks. The following quotations are furnished r juusn s jaryan: Armour A nf Cudkhy Pkg. Co. com... Llbby, McNeil & Llbby... National Leather Montgomery Ward Co.... Reo Motor Car r Swift & Co Swift IntftrnR.tfnr.al Union Car. & Carbon Co 893i 90 47 49 10 10 7 17. 23 990tloO 25 & 25 62 62 Mberty Bond Prices. New York Anrll Ifl T tv,n. -i - . --. ......... . j uullu i I ,. at noo.i today were; 3s, 89.98; first 4s, 87.40; second 4s. 87.40; first 4 s, 87 60 second 4s. 87.46; third 4s, 90.64; fourth 7.? ' ':.' "ciory s, B7.&Q; victory 4s, 97.60. Liberty bonds closed:, 3s, 89.70 4s, 87.40; second 4m. 87.40: flrnt 87.40; second 4s, 87.44; third 90.58: fourth AUm IT c. ..,. 17.46; victory 4s. 97.50. first 4s, 4s, 3s, Registration Brisks , Women in Majority Registration for the city election was brisk at the South Side city hall . Monday and Tuesday. Women were in the majority and clerks predicted the number o( women registered would exceed 1,000 for the two days, ' rour hundred and fifty persons registered at the office Monday, and by the middle of Tuesday afternoon, more than 300 had registered, mak ing the total more than 750. Clerk said they expected 300 more to reg ister before the office closed at 9. Ringer-for-Commi8$ioner Headquarters Designated Organization of a Ringcr-for-Coni-missioner club w-as effected at a mass meeting in the former Starr Drug store, 4712 South Twenty-fourth street, at which Terry Wheeler, assistant city prosecutor, presided. ., "- Abraham L. Sutton and ' H. L. Mossman will be the principal speak ears at a second meeting to be held there Thursday night?. Ringer headquarters have been es tablished at that location with the meeting last night. : Speeders Are Fined R. H. Wehgan, 1114 North Twenty-second street, and ' Frank Stidika, 3809 South Twenty-eighth street, were fined $2.50 each by Judge Dunn in South Side police court yesterday for violating the speed laws. ' Railroad Car Robbed Eight dozen work shirts and $300 worth of ginghanis were stolen from i Northwest rn railroad boxcar in the South Side yards Monday night. Special Agent Morgan reported to the South Side police. ... Shotgun Is Stolen Daylight burglars stole a $32 Win chester shotgun from the home of T. J. Sherry in Bellevue some time Monday afternoon, Sherry reported to South Side police. South Side Brevities few York Dry Goods. New York. Anrll 1 Q rn,nn Quiet; some further inquiry was received for three-yard sheetings- for shipment to China, Tarns remained quiet, with coarse yarns mills Increasing curtailment of out put. New lines of crepes ere being brought by silk manufscfurAH f,ir fn -n.tn. were dull and men's wear quiet. Linseed OH. Duluth. M!nrr. Anrit ie T track, 31.661.67; arrive, 81.66. To let. May 1st, store room, 47B8 S. 34th St., Ir. one of the best retail loca tions on South Side. Rent reasonable.1 Al L. Bergqulst Adv. Philip Oreenberg, 'proprleor of Phil ips department store, - left yesterday af ternoon for St. Louis. Chicago and other eastern oltles on a buying trip for the summer trade. He expects to return the latter part of next week. The South Side Pleasure club will give a hardtlme dance and confetti ball at the I.tbor Temple, Twenty-fifth and M St. next Sunday evening. A ruby ring and other presents will no given away. Lee's popular orchestra will play. Have You Lost Money on MARGIN TRADING A special letter will be sent ytit without obligation, telling how yea may recoup your leesee. Write for it. Address VC9" Suite 201-7 120 Liberty St. New York. . - POLITICAL ADVERTISEMENT. POLITICAL ADVERTISEMENT. VOTE FOR Harry I. Zimman For Re-Election as City Commissioner. Election May 3rd I yiiiiiiaiiiiiuiiill MJiyiMa GRAIN- " - 4 , E solicit your consignments of all kinds of grain to the Qmaha, Chicago, Milwaukee, Kah- sas City and Sioux City markets; We Offer Yon the Services of Our Offices" Located at Omaha, Nebraska . ' Lincoln, Nebraska Hasting, Nebraska Chicago, Illinois Sioux City, Iowa " Holdrege, Nebraska Genera, Nebraska Des Moines, Iowa MUwauke. Wis. Hamburg, Iowa Kansas City, Mineml s Get in touch with one of these branch . offices, with your next grain shipment The Updike Grain Company 1 "Th Reliable Consignment Hpusc" J I' Li . 1
