THE BEE: OMAHA, 'THURSDAY, APKIL zx. ivzi. is Oil and Electricity May Be Substituted ) For Coal in Britain 7 -Strike of Coal Miners Turns liieuuou lowara ijeienu . ance for Industrial Power Electricity for Rails. By HOLLAND. Should the National City and the Mechanics and Metals banks of New York consummate a merger then there would be for the first time a departure from the fundamental policy which was established by the late James Stillman, after he became president of the National City bank. He was opposed at least so far as the City bank is concerned, to gaining an increase in strcngthj resources and securing: greatly enlarged deposits by absorbing any other bank. He be- .,, licved that the National City bank T.3 I mi po should gam strength through rts own initiative and by bringing into its sup port and into association with it some e.t tne more poweriui inuuences ot me day. Thus he did bring into associa tion with the bank the socalled Rockefeller and to some extent the Standard Oil and sugar influences. All who have followed the growth of the National City bank until it has become one of the world's greatest banking instiutions will be astonished to learn that the reports, some of them a year or more old, which have told of contemplated absorption by the " City bank of the ; Mechanics and Metals were well founded. Of course there was some . fascination in con- - ret tplating the result which would follow absorption. t would make the. institution on a par almost with the largest of the jont stock banks of London. The figures would tell of billions in resources and dcposits; Moaern iraiarncy. It may, 1 that some foundation did mint for thpiio re-ports, hut It Is very doubtful whether any could he traced to the present ownership of the National rity bunk. Ths Mechanics and Metal bank doe represent the modern tendency to t.ulld up a very strong bank by the ab sorption with It of one or two other banks. . At one time or anomor reports unirai J si hie to their source of the merger of the 1 stlona1 City hnnk with' the Bank of i .......... nm with the Hanover bank were In circulation, but It was soon discovered that these reports were based wholly upon liirlnatlpn. , What intercsta bankers of New York and bankers In other parts of the ooun tiy more ' than the reports of the con solidation of the City bank or any other benk. la the very evident competition which Is now In progress between the National City and the Guaranty Trust company. Tears ago bankers used to won der whether It would be possible for any other hanking Institution to take the pres tige ao long enjoyed by the Chemical bank awav from It. That prestige was lost rhlsfly through the consolidation of vari ous hanks In New York. Now the wonder is whether the Ouarantv Trust Is to pass th National City with respect to re oureee, erength' and Influence, or wheth er the National City will continue to maintain Its prestige among New York tnba Karh ti an Institution which has crown wnnin an vpurs ir.uu i,.im". ... ..y small beginnings to a commanding tion In American hanking life. ' , " The Great StralnX posl- The treat atratn whirr" hanking .minn anrt the ImDerloua attemi attempts to 1 irsm pre-eminent success invojv. is msue ."vldent hy the resignation of Eugene V. 1 it Thayer of the presidency of tho Chaso ;ntlonsl bank. When Mr. Thnyer was iff fered the1est of president of the Chase Nstlonal he had already attracted much attention hv renson of hla success as a Boston banker. He was a Harvard man and was poesesa or sumficnt wmnn m lea a life of reflnd leisure. But he had ambition for achievement and Just 1 veera ago: while still a young man, he vi elected president of fhe Merchants mtinnnl Bank or Moamn. ne nu u , lifvt a fn familv rrest'gn, for his grandl filhsr established the Imnortant .nankin J Un Vnnwn as N-thanlel Thayer & Co. The'grand'athcr pldditn th financing of vsrlo" railroad svstems which were pro moted first In Boston, such for Instance the Union Pacific, the Atchison and Bo-Ungton. , . . . He accumulated a A-erv lre, fortune " and this wsa left In true. When he re tired from business two of the young men who had been employed In, his bsnk took the hMs'ners ever and the partnership thug estsMhed Is now numbered among the foremost of American private, banking - houses. '- - Success In Building. Mr, Thayer, some or nis irienas mousm. wo"'"d have neenwiser naa n reinmei in Boston. His -success In building up tna Merchfts bank was conspicuous. He lmew ' Boston well and had been finely trained In Boston,, banking methods and traditions. Bather reluctantly he accepted the prealdency of the Chase National and hegan his service In, that poatjhree years ago. There' were., brought to the hang various highly tmoortant and difficult financing undertakings with which he was compelled as president of the bank te deal. He concentrated - his mind upon these problems, not sparing himself In any way. At last hl pervoug system was Impaired. The strain had been too much for hlra. Although he has resigned the presidency, of this bank, he maintains personal Interest in A-astoug corporations, bnt his first business la to seek restoraton of hia health. t , Oil gad Caal. , The gtrlVe of ,lhe coal miners In Great Krltain has, as la understood In New York, led te the contemplation of the use of oil and electricity In place of coal for secur ing; Industrial power. Already use of this kind has been begun In some of the New England Industries. One of the reasons why the substitution of oil for coal Is favorably contemplated Is to he found in the fact that It would be impossible to lie up oil as etrtgea might tie up coal mines. ' In' England also there la disposi tion to utilise gome of the water power which by the employment of the dynamo would be able to furnish electric energy in amounts sufficient to operate her In dustrie. In fact when Great Britain re covers from the Vffecta of the war in all probability electricity generated by water, power will supplant coal for the operation of the English rsllroads. . Chirac Urt ttovkv ''Chtcaro. April Cattle Receipts 11.- eite head, market uneven: choice yearlings and handywelghta generally steady; heavy reer steers ivtpjac lower; top yearlings, tS.SO; heavies, $1,66; bulk. 17.764jis.i0; butcher she stock, steady to 26d lower;" best kinds off most: fat cowa and heifers. 14 T57.S0; canners and cutters at 12.756 4 2S; bulls steady to 25e higher: bulk. IJ.OOJfi.Ja; calves steady: light vealera lower; bulk to packers, (7,0007.(0; stock era steady: feeders weak to lower. Hogs Receipts 11,000 .head: market fslrly active, llchts ,a to 15e lower: others mostly 10flSc lower:, but closing 119260 lower: hold over only moderate; top early, 11.10: very few over 11.10: bulk 20 pounds down, $110: bulk 220 pounds uo J.70: pig steady: bulk desirable 10 to 120-pound pigs. 1S.75.00. Sheep Recelnta 21.000 head: market i- best light lamb and yearling steady: other 86o lower; woeled tamba top f 11.10 to shippers; bulk, tl.7610.60: shorn top. (1A.60; bulk. 11.0069.75; choice 84-pound shorn jrearllnjrs, $8.60: few choice 105 , nrund wooted ewes, $7.00; ehorn ewes. "! few 41 to 61-pound spring Iambs, V! Olff 13.00. - Kansas CTty Un Stock. ' ' Rinses City. April !. (U. S. Bureau of Markets.) Cattle Recelpta, 1.600 head: beef steers slow, weak to 26c lower; a'aavl weakest: bulk early, $T.:tM.; top yearUngs. $1.00; she stock steady", to weak: bast cows. 16.65P 7.00; cannere and feeder dull; bulls ateady to -strong; calve steady to lio higher; bulk Vtalers, (1 OOft.OO. Hoga Receipts, 11,600 head: market un ' even, mostly 26e lower than yesterday's average: best 110-pound, 1S.S0: bulk of saUa, (T.60S.:(: pigs steady; beat. $1.00, Sheep and Lambs Receipts, 10.000 head; market strong to 15c higher; choice ehorn Texas wethers, $6.(0; lambs steady to 26c lower; JT-pound wooled lambs, $10.74. - " '. New Tork General. 1 New Tork. April 20. Wheat Spot, firm: No. ! ted. 11.63H: No. 1 hard. (1.66V : Nov S mixed durum, 11 4m. and No. 1 Manitoba. $1.76 S,. cU track. New vrk. vrjorn Spot, strong; ?to. 1 yellow nd No. 1 white, lie, and No. 2 mixed. (IVsc, 1. 1, .ew 1 or a. iv nays anipmsnt. Oats Spot, firm: No. 1 white, ilo. Pork Kasier; maas, 1:6.60 f27. 00; fam ily. HLOOcTll.OO. . . Other article unchanged. United OIL TJuluth.' Hlnn.. - April 2. t.:nel On tnck, $u;mri.$l.,. arrite $i.6JV THE GUMPS- M)N- &AW THE VN.OS.T . PECOUAR SlN OM AN A.PAfTfA6NT Down rne st&cET- rAUlT BE.ONEOti THOSE OCD ECCENTRIC FELLOWS"" HE CPpFfcTNe AAftTMENT FR5.E- TN (rY CONSENTED CJOUPLt THAT APPLteS- GET XQUR HAT AND COAT ON Q.OICK Live Stock Omaha, April 20 Cattle. Hots. Sheen. Receipts wers: Official Monday .. , 1 65 1,140 14.4IZ 10,316 19,26 13,t00 20.000 31, IMS 60,698 3a.488 40.H3 2S.230 92,671 82.I6S 37,243 Official Tuesday .. S.7A4 Estimate Wednesday 1,000 Three days this week Jl, 859 Same days last week 14, 4!is Same days 1 wk ago.19.SC Rame daya 3 wk ago 14,302 Same days year ago 58.054 42,601 31,0 Receipts and disposition of live stock at the Union Stock Yards Omaha, Neb., tar twenty-four hours ending at S o'clock p, m.. April 20, 1(11. RECEIPTS CATTLB. , Cat.IlgaShp.H.-M. C. M. 4 St. P e 1 Wabash ,. Missouri Pacific .... Union Paclflo , (',. & N. W., east.. C. & N. W.. west ., C. St. P.. M. & O. , 2 66 8 35 25 10 44 10 2 2 2 t 3 47 "i 2 1 12 3 22 4 49 20 13 28 7 4 ( 1 C.i R. & Q., cast .. C. B. & Q.. west .. C, R. I. & P. east . . C. R. I. A P., wet Illinois Central .... Chi. Ot. West Total Receipt .327 1(5. It DISPOSITION CATTLE. i i ' i ' ' 1 1 i Cattle. Hog. Sheep. 860 1811 2339 1045 26(4 6667 1103, 3607 1710 177 3612 1405 ... 76 ..... ... 1176 489 1312 2 - 21 ..... 116 13 81 16 15 103 . T ..... 149 ..... 44 42 21 I IS 86 ,71 ..... 25 1 578 1 .7 ..... 38 , 14 1 ..... 1S16 171 6816 14096 14101 Morrl Co Swift & Co Cudahy Packing Co. .. Armour Co Schwart aV. Co. ....... J. W. Murphy ., ooia Pkg. Co Lincoln Packing Co. .. a Omaka Packing Co. . Ogden Packing Co. .. Hlcclns Packing C o. .. John Roth A. Rons . . Mayerowlch & Vail Cudahy Bro P. O Dea Wilson & Co. P. P. Lewi J. p. Root & Co , J. . H. Bulli R. f. Burru & Co. P. O. Kellog Werthelmer A Deegen , Bills ft Co Sullivan Bros Mo-Kan. C. C. Co. ., E. O. Chrlatle ,. Banner Bros John Harvoy Jensen & J.unugren . . . Dennis & Francis , . . . Cheek & Krebs Omaha Packing Co. . . . Smiley Other Buyer ........ Total Cattle receipt of rattle dropped to 5.00U head- today but the market showed no appreciable improvement, owing to healthy shipping demand for desirable light " and handy weight steers; these ruled fully steady but heavy cattle were slow sale and unevenly lower. Cow and heifers were in moderate supply and fair demand at practically steady figures but both beef steers and cow are anywhere from weak to 2640o lower than the close of last week. Dullness was the outstand ing feature of the stocker and feeder trade and prices are quotable 16 60c lower than a week ago. Quotations on cattle: Choice to prime beeves. $8.008.40; good to choice beeves, $7.60(58.00; fair to good beeves, $7,250 7.50: common to fair beeves, $6.267.0O; good to choice yearlings. $7.658.f5; fair to good yearlings, $7.257.60; common to fair yearllnge, $6.6007.25: choice to Erlrae heifers, $7,000)7.50; good to choice elfers, $6.0007.60; choice to prime cow $6.60 7.00; good to choice cow, 16.00 Q 6.50; fair to good cows, $6.!66.00; com mon to fair cows. $2.004.50; good to choice feeders, $7.257.75; fair to good feeders, $6.607.25; common to fair feeders. $5.7 5 6.60 ; good, to choice stock ers. (7.2597.75; fair to good stocker, (6.60?.26; common to air stockers, $4.60 6.00; stock heifers, (4.6006.26; stock cows, (3.16 (.00; stock calve. (5.00 7.00: veal calves, $5.001. 25; bull, tags, etc.. (3.751J7.00. , . BEEP STEERS, No. 13,. 28.. 31.. 15.. 30., 9.. 14.. 21.. 9.. Weight Price No. Weight Prlco7 ...1141 $7 10 14.. 20. . 913 (7 25 ...1113 I .1139 823 7 40 7 60 7 60 7 66 T 76 7 90 8 16 19. ... - 20 ' 40.... 13.... 12.... .1247 '.1309 .1156 .1494 ,1161 I 815, .1468 ....1262 .....1015 ..'1067 ....1109 ....1323 ....1226 STEERS AND HEIFERS. -11...... 590 6 60 34 (56 ( 661 T 25 J . (785 13...... 801 7 40 H 901 11 980 T (0 11. .t.,. 73 11 (66 7 76 20 1141 YEARLINGS. 632 6 60- 15 71. 17 674 7 15 22..... 850 38...... 980 1 30 11. 730 33 666 T 60 7 25 T 36 COWS. ' V 4.. 16,. ...1027 ...1020 00 ft... .. 941 ..1022 ..10(1 ..1260 ..1266 ..1080 7... IS... 6... 9... &... I.. .1053 ...... .1193 .1146 60 70 00 7.. 10... .1108 t (sO HEIFERS. ' 19... 10... VI... 23... S... 1... s.:. ... 1... 1... 490 914 634 4 76 15 590 6 00 7 00 24 860 7 36 7 75 . STOCKERS AND FEEDERS. ..1012. .1 00 22 111-4 BULLS. T SS . 573 .1330 . 920 , 456 . 290 . 185 , ISO 4 00 1. 4 75 1. ( 00 2. 1940 1340 710 . CALVES. 7 26 4 130 (00 n 230 8 26 S 168 00 Hoggs Receipts of hogs were estimated at 1.1,700 head and trade developed on a lower basis. Packing demand was rather Indiferrent and shipper bought sparingly, resulting In a market -mostly t6&40o lower. The greater decline were shown mora oftn on heavy bog and demand for thl class of stock was dull and dreggy. Best light hogs mad a shipper top of fl.lt with bulk of the receipts selling from $7.158.00. Sheap Something like 30,000 sheep and lamb were received today. A doxen or more loads of shorn lambs were Included In the receipt, a few California sprtngnr and the remainder of the supply consisted largely of fed wooled lambs. Sheep were soarce. Fat lamb sold mostly a quarter lower, with beat grade quoted around. $1.76910.00. Good shorn lamba were In fair request np to 18.76. A few old wether reached (7.50 and good ewe are worth up to (7.00 and better about steady with yea terday. Quotation en sheep: Best fat lamb. (9.75610.00: medium to good lambs. $9.25 4 9 76; plain and heavy lambs, (8.25 9.00: shorn Iambs, $7.7509.00; good to choica ewe. (6.7697.J4; fair to good ewe. ((.6006.50; cull awe. (1.009 00. FAT LAMBS COLORADO. 220 89 ( 26 487. 484 86 ( 15 340. 90 TS ,74 10 25 1 13 1 60 25J 72 10 26 410 200 84 10 00 FAT BWKS. lr-COIo.. 98 7 00 ' I16S.D. 126Fed..l26 6 10 SPRING LAMBS. 126Neb.. 74 10 60 11 i (0 St. Joseph LIT 6toek. Sft Joseph, Mar April 39. Cattle Re ceipt, 3.200 head: market, steady to 25c lower; steers, II. 001.60: cows and heif er, (4.0093.50: cslves. (3.OSQ7.60; stock ers and feeders, 16.00 7.50. . Hogs Receipts, 6.500 head; market, 15 4J5o lower: top. (.4: Guilt. I7.19tt.30. Sheep Receipts, (,6( head: market. So lower; lambs, (1.26819.25; ewes. (6.25 ' , . .. YOU CAN'T . . I... . 1 ii'.i I )f BHr r0""' rr ...na rnM-rpMVPtN? kwv . . ... Uir7r I A HOUafcr BUT 1 (y wtLL. olrV . wm -t yiy TNqN ; s rF-i v 1 Aifu- iv vmmwm r- : , irmsm Abii- ' M ll I ft flir' II I I 'n I I 1 1 I I Waf.V.A. a -a. III K T&IOeM lI'VllkTl 1PIPVI I W I it 1 Market, Financial and Industrial News of the Day Chicago Grain BY CHARLES D. MICHAELS Chicago Tribune-Omaha Dee Leased Wire Chicago, April 20. An active cov ering movement m a well sold out market, with an over-etxended. short interest sent prices for all grains sharply higher today. .The close was at the top with net gains of 2 1-4 to 4c on wheat; 2 1-4 to 3c on corn, 1 5-8(gl 7-8 on oats and 2 1-8 2 5-8 on rye. Prices were down to new low level for July wheat and corn and oats early, while at the last all were in the offers. To have prices touch both in one day is unusual. It was not as easy to buy wheat after the first break, which carried July corn down to $1.01 3-4, a new low level for the season. Mav, which showed the most strength, after touching $1.20 1-4, shot to $1.26, with the finish at almost the top. Intimations that the winter wheat crop has beenv hurt in parts of Kan sas, Missouri and Illinois By tne re cent freeze, combined with reports that India may have to . import whMt had a hnllisli effect. The big buying was by houses which had been the best sellers ot late. They took July freely, while houses with sea. board connection took the May and July in a h-bv that attracted attention and created more confidence. Theihort were on the run at th last. Strength In corn, a good milling de mand with only 20.(00 bushels available, coupled with reports of export bualness, helped to create a better tone. Export Trade large. Export buying of corn was larger, with 935,000 bushels sold to the east at the best prices of the season. No. 3 grade brought better than May delivery piles and nearly every cash house In the trade made" sales. Charters were made for 400.r 000 bushels at 22c to Buffalo, an ad vance of J4c. Elevator houses were active in buying May, selling July to change spreads at 2 fee. Shorts were big uyers and wime it was saiu tnai most or tne buying by the seaboard was speculative. It had a good influence. Report of crop damage in Illinois and Missouri, combined with a little outside Investment buying and the covering by shorts, caused the advance In oats. Local professionals. ' commission houses and horts competed for the offerings. Prices advanced 2 92 He with May leading, and closed at 37 9 38c for May and 319 39V4c for July. Cash prices were IVic higher at the last. Seaboard buying or May rye, witn itgm offerings, advanced it 3 "4c, while other months moved up 33fcc. Export sale were 10,000 bushel at 15c over May, c. 1. f. Buffalo. nt ete. . A more hopeful feeling prevailed in the grain trade, with leading professionals more Inclined to take the buying side on breaks. The big advance In all grain showed the oversold condition and that the market had been well iiquiaatea. Today' advance showed the Importance of having a short interest In the market. a all sales must be bought back and It creates a sustaining factor at times when needed. ,- F. H. Babcock savs: "Cho ce cash wheat in Winnipeg 1 elling ome 60c over Chi cago May. Not much cnance lor any important movement across tne oorasr while thl condition exists." Stein, Alstein ft Co. have the following from Minneapolis: "Lincoln Valley, North Dakota, writes: We are still holding tor at'e tickets. Crop prospect here are good o far and a lot of wheat is sown. It 1 getting into the ground considerably star rer than mot year." George M. L count wire rrom uncoin, Neb.; "Condition of wheat In thl terri tory I uniformly good. Plant look fine, healthy and large. Stand 1 good." The Price current urain neporier aay reports from the winter wheat' belt do not Indicate any damage by the recent freezing weather. Oata, however, appear to have suffered somewhat, but not se riously. The storm has provided ample moisture over the greater part or tne belt and having been followed by .rela tively warm weather, the crop will, io all appearances, maintain tne nign conaiuon reported by the government on April 1. The last carloaa or corn tor tne Ameri can Farm sureau federation's gut corn project ha been gathered, it w-a an nounced. Four hundred and thirty-one carload cf shelled corn over 600,000 bushels were contributed by American farmers to feed stricken people of Europe. CHICAGO CLOSING PRICES. By TJpdlkek Grain Cot Poug. 262?. April 20 Art. ' Open. I High, j Low, Close, ITeg'd'y Wht. May 1.12 1.26 1.20 1.05) 4.01 1.254 1.21 1.01 ' 1.16 .15 .8,7 .66 .69 July l.OItt 1.061 Rye May 1.16 1.11 .97 .90 .69 .62U 1.14V4 .94 .86 r 1.18 .97 U .89K .69 .62H July .95 U Sep .(6H Corn May .56 .66 .69 July Sep .60 .62 U I ,.64K .61 I .64 1 .61 .16 .37 ,.18 Oat , I .36 '.31 Slay .15 .17 H .33 .37 I .39 .40 July Sep .17H .38H .39 .40 Pork ' 15.30 16.60 . I 9.-65 May 14.90 11.10 14.90 16.00 16.36 (.65 W.10 " 1 15 July 15.10 (.75 15.60 1.75, 15.30 (.45 (90 (.75 (.95 Lard Mar July 10.00 10.01 10.05, Rib May l.TB 9J5 1.(7 (.16 1.87' 9.20 July - V Minneapolis Grain, Mlnnnanolla. Anrll 20. Flour TTn changed to 10c tower; In carload lots, fam ily patents quoted "at (8.10O(.6O a barrel In 98-pound oatton sacks. Bran Il5.oogfl6.oo. Wheat Receipt 198' cars, compared with 151 ears a year ago. . Cash No. 1 northern. (1.34 a 01.44: May. (1.11: July, -.1.11. , corn no. s yellow, sue sic. . . . Oats No. .3 white. 33?34c. Buries 44 62c. Rye No. 2, (1. 1091.21. ... . ' Fia NO. -( 1, (1.6691.68. ' Xr tiew York Cotton. . ' i-r New Tork, April 20. There was fur ther liquidation of near months at the opening of the cotton market today, but offering ef May were readily enough ab sorbed at a discount of about 60 point as compared with July, and after open ing 6 point lower to 1 higher, the mar ket steadied on the relatively steady showing at Liverpool and report of a bettor feeling In Wall 8treet. Prospects for an unfavorable weekly re port on weather conditions In the south Were also a factor on the rally from (11.70 to (11.77 for May and from (12.29 to (1(,37 for July, or about 6S point above Tuesday' closing figures. Liberty Bond Prices. New Tork. April 20. Liberty bond price at noon Were: t. ((.(0; first 4s, (7.(0; second 4s. (7.(4: first 4s, (7.3(: second 4. (7.31; third , 90.44: fourth 4. 17.41; Victory Js, 17.46; Victory 4a. (7.40. Liberty bond closed: 3i. 69.10; first 4s, 17.20! second 4s, 17.22: first 4, (7.26; second 4 Vis, 67.30: t bird . 4 90.16; 17.46; fourth Victory 4's, 4. 7.!4; 17.46. Victory 3, GO BROKE taking Financial By ALEXANDER DANA NOYES Chicago Tribune-Omaha Be Leased Wire, 1 New York, April 20. The only noteworthy incidents in today s finan cial markets were recurrence of the 6 per cent rate on call money. The rise in sterling exchange to the pre vious high rate of the present year, and further recovery in silver bullion brought the London price 2'A pence above last Friday s reactionary quo tation, though leaving it still below last week's high mark. Movement of prices on the stock exchange was negligible and it was a day of lifeless'trading. The railway shares went fractionally higher as a rule; elsewhere, the market was made up of trivial net declines and advances. The exchange rates moved in favor of nearly all important European markets, with sterling at the highest of 1921. Kates on f ranee ano, naiy were less than one-quarter cent per franc below their highest. Ocrman vcli3tic wan an excention to this movement; it sold off fractionally. Curious Question, How the provisional or absolute seUuro of the Reichbank' gold reserve by the 1 1 1 mttar fterman exchange or German currency, or for that matter, Ger. ... einoni-a a curious Question. Con' sidering that the l,000,ooo,uo mara held by the Institution are submerged by a paper circulation or ,to,,v .u- .....v. ran hardly be described as a pillar of the currency or credit system. . Th. nreaent Herman government nas never appeared to ascribe any special vir tue to it. When the armistice was signed the bank had 2,660,000,000 marks in gold, of which, however, It voluntarily :,v 1.500,000,000 abroad between ucioDer, n. and September. 1919. to pay ior roirarim food. It was then rather generally Imagined that al!.of the Reichbank s geld would he exporiea, oui mi uui -....t .nnnari with the lest named date. wmiaT the ahloments after the armistice were in progress, oerman exenange in im nauira KuroDean countries uwhucu . per cent. Reasons for Depression. nt than were much stronger reasons for (hat depreciation than the mere fact that its gold reserve was leaving Germany . a in fart Oerman exchange today too'd at only half it value ot September, 1919. although wnat wa men ien oi m re!6hbank'a gold reserve 'ha been kept One Interesting bit of news reported by akia tnHnv was a rise in the Vienna bank rate from 6 to 6 per cent. It. had been nominally kept at 6 since- April, 191a nrf it in herd to see what actual sig nificance a change to 6 per cent now could have.' That the response Of steel conumer to Mm mt w.ai,1. fnt tn nrlcna has. been slow. tndav'a midweek reviews of the trade agree. The steel corporation' mill actlv ttv has -Increased at Pittsburgh 10 per cent from the recent minimum, but else where It is doing les than before. Bond. The following quotations are furnished by Logan ft Bryan, reter irusi ounaina. 76 76 Ant. amen. ib on... Am. Tel. Col. , 5s. 1(46.. Ar.nouTr 4s, 1939.' B. ft O. Ref. 5s. 1(95..'.. B. ft O. Cvt. 4s, 1933. Cnl. Oaa ITni. 6s. 1937.. (2 81 79r 60 66 W 66 66 9 66 (6 bid ft. M. ft St. P. Gen. 4 Vis, 1932 ti O 63 n i- A St. P. Gen. ft Ref. , 1014 6 Q 59 C, R. I. ft P. Ref. 4, 1934..- 68 67 D. ft R. O. Col. 4s, 1988 63 64 Gt. Nor. 4s, 1961 77 79 Illinois Central Jt. 6s, 1933...' 74 75 Mo. Pac. Ref. 6s, 1928 87 98 Mo. Pac. Ref. 6s. 1926........ 81 6) 84 Mo, Pao. Gen. 5. 1975 77 & 78 Rio Grande W. 1st 4. 1939... 2 63 St. L. & 8. F. Gen. 5. 1927... 86 & 89 St. L. ft 8. P. P. L. 4a, I960.. 60 (1 St. I.. & 8. F. Ad. 6. 1955.. 6Z0 63 St. L. & S. F. Inc. 6s, 1960. 47 47 65 66 87 O 87 74fi 74 49 60 37g 18 73 0 73 82l 82 56 56 66 65 S. T. & 8. W. Inter. 5s, 1952. Wilson 6s, 1941 K. C. Sou. 6s, 1959... C. 0. W. 4s. 1959 Sea Pal 4s. 1989 Colo. Southern 4s, 1935... C. ft O. 6s I. R. T. 6s Hud. 'ft Man. Ref. 6s i Foreign Exchange Rate. Following are today's rates of exchange compared with the par valuation. Pur- nlihed by the Peters National bank: Par i Valuation. Today. Austria Belgium ........ .30 .0030 .. .195 .0742 .0141 .. .27 .1810 . :4.86 . 1.93 .. .191 .0728 .. .288 ' .0158 .. .196 .0660 .. .196 .0464 .0074 .; .47 .1605 .0016 .. .27 1 .2375 .. .195 I, .1733 ..1.00 ,8100 Cxecho-Slovakia Denmark England France Germany Greece Italy Jugo-Slavia Norway Poland Sweden ... . . . . Switzerland " Canada . . . j 1 . Omaha Huy Market. Prairie Hay Receipts light; good de mand for top grades with prices a little higher. Lower grade , draggy with, prices firm. . ....... ' Alfalfa Good . demand for all grades dairy feeding alfalfa with price firm. Little or no demand for coarse alfalfa. .. Straw Prices steady; little demand. No. l Upland prairie hay. (11.6011.60; No.- 2 Upland prairie hay, (9.00 10.00: No. S Upland prairie hay, (7.008.60. No. 1 Midland prairie hay, (10.60lt.(0; No. 2 Midland prairie hay, (8.009.00. No. 1 Lowland prairie hay. (8.0009.00; No. 2 Lowland prairie hay, (7.0001.00. . , Choice alfalfa, (20.t)022.50; No. 1. I17.6020.00; Standard. (13.00 17.50: No. I, (8.50011.00; No.-3, (7.00l.00.v Oat straw, (8.00 9.00; wheat straw, 17.6001,00. . , Chicago Stocks The following quotation art furnished oy uigan ft Bryan: Armour ft Co pfd Cudahy, Packing Co Com Continental Motors ...... Libby, McNeil ft Llbby ... National Leather Reo Motor- Car Co Swift ft Co ............. 89f 90 46 49 6 6H 10 9 10 7 74 !0H 21 99ei00 25 n !Elt Swift International wuiun va-twmv er maroon l,o. .. DZtytj (3 Chicago Produce. Chicago, April JO. Butter Lower: creamery extras, 45c: standards, 42c. Egg Lower; receipts, 27.272 case: firsts, 24244c: ordinary firsts. !(lei- at mark, cases Included, 12 23c. i.iv rouury Lawer; fowls, 12c; springs, 4a. Kansas City Produce. Kansas City, Mo., April 20. ButUr and Egge Unchanged. Poultry Hen, le lower,' 26c; . old roosters, lo lower, ljc; broilers, un changed. ' ' LonQon Mttals. I.ondjn, " April 20. SUivJnrd copper. spot, f.O. 6; eleelrnlytl.. .71; tin, 6166. l.s, 6d; lead, 21; xinc, izt. something for New York, Quotations Range of prices ot the leading stocks, furnished by Logan & Bryon, Toters Trust building: RAILS. , Tubs. High. Low. Close. Close. A. , T. ft S. F 79 79 79's 80 B. ft 0 33 33H 33 33 Canadian Pacific. .109 108 109 109't N. Y. Central 68 68 68 1 68 69 13 69 ('lies. & Ohio... Erie Ot. Nor. pfd.... Illinois Central M., K. ft T K. C. Southern. Missouri Pacific New Haven .... 1S 12 12'i 68 68 68 88 (8 86 .... 2 . g 2 25 25 25 14 H 17. 17 17 17 17 16 16 17 Northern' Pacific. 71 i 71 'A 71 71 C. ft N. W 62 62 62 35 36 35 34 68 67 67 67 26 26 25 26 74 73 73 74 Pennsylvania ... Reading C. R. I. ft P... Southern Pacific Southern Ry ... 21 20 20. 11 ...24 24 23 16 ...116 114 116 114 ... 7 7 7 J STEELS. c, M. ft st. P.... Union Pacific... Wabash Am. C. F, ...128 122 122 123 Allls-Chalmcrs ... 37 37 37 27 86 30 86 66 79 29 27 60 38 Am Loco Co .... 86 84 85 64 78 29 48 27 69 85 39 81 Utd Al Stl Cor Bal Lo Wks . Beth Stl Cor , Cru Stl Co ... Am Stl Foun . Lacka Stl Co Mid Stl ft Ord Rep Ir ft Stl Go Rlwy Stl Sp . Sl-Sh Stl & Ir . Un St Stl ... 86 ',li 29 49 27 60 85 39 81 85 64 79 29 49 27 60 86 39 81 81 COPTERS An Cop MIn 88 Am Smlt ft Rfg Co 40 But ft Su Mln Co 12 37 39 11 11 22 33 19 21 11 12 88 40 13 11 22 34 19' 21 11 13 61 40 12 11 22 34 J9 20 11 12 61 Ch Cop Co Jl Chlno Cop Co .... 23 Jns con Cop , Ken Cop" 34 20 21 11 13 62U Ml Cop Co ... Nev Con Cop Co Ry Co Cop Co Ut Cop Co 61 INDUSTRIALS Am Bt Su Co 37 37 37 87 37 42 73 100, 29'i 79 At O A IV I 8 S.. 37 35 85 Am. In. Corp...., . Am. Sum. Tob 72 71 72 Am. Tel. ft Tel. ..106 106 10 Am Zinc, Ld ft 8m 9 '9 9 Amer can l in t:o. 28 28 78 34 18 66 48 71 60 15 18 78 34 19 56 46 71 60 16 136 1 13 36 67 16 , 69 33 4 13 Chanrflor Mot Car 79 Central Lthr. Co.. 84 Cuba Cane Sugar 19 34 18 67 46 71 ii 136 1 12 37 66 15 61 33 40 15 Cal. Pack. Corp... 66 Cal. Pet. Corp.... 47 Corn Pdcts. Rfg. 72 N. E. Stamp 60 Flsk Rubber Co... 15 Gen. Electric Co., 136 136 uaston wins., wig i 1 Gen. Motors Co.... 13 12 36 Goodrich Co 37 U. 8. Ind. Alcohol 67 Inter. Nickel 15 14 Inter. Paper Co... 60 58 AJax Rubber Co.. 33 33 Kelly-Sprlngfleld ..40 40 K.eystone Tire Rub 16 14 Inter. Merc. Mar. 13V, 13 Maxwell Motor Co. .5 5 6 Mexican Pet. 145 143 144 144 14 33 7. 11 70 33 61 69 88 24 76 7s" 49 n 42 32" 89 47 72 Middle States Oil 15 14 14i 33 33 7 7 30 31 70 " 70 32 ' 32 Pure Oil Co 34 7 11 71 33 63 69 88 25 77 36 78 49 12 42 21. 31 39 Willys-Overland .. Pierce Oil Corp fan-Am.- P. ft T. . Pierce-Arrow Royal Dutch ...... U. S. Rubber...... Am. Sugar Rfg.... Sinclair O. 4R...j 62 68 86 14 76 85 77 49 11 42 20 31 39 62 69 88 25 77 35 78 49 12 42 21 31 39 Soars-Roebuck.,.. . Strom berg Carb..., Studebaker Corp... Tob. Prod Trans-Con. Oil. . . . Texa Co U. S. Food Pr U. 8. 8., R..& M. . White-Motor West. E. ft M Am, Woolen... 72 71 72 Total sales, 428,500 shares. Money Close, 6 per cent; Tuesday's close, 6 per cent. f - Marks Close, .0158c. Sterling Close, (3 (8. Sioux City Live Stock. Sioux City, la., April 20. Cattle Re ceipts, 2,600 head; market about steady; fed steer, and yearlings, 16.00(g) 8.00; rat cows and heifers, (4.007.85; canners, (1.50(93.75; veals, (6.008.50; feeders. jB.uufux.bo; calves, m.nvg i.bv; leeaing cows and heifers, (3.005.00; stocker, 5.006.50. Hogs Receipts. (.500 head: market, li 85c lower;, light. (8.008.26; medium mixed, (7.567.90; heavy, - (7.007.60; bulk of sales, (7.408.00. Sheep Receipts, 1.000 head: market. weak; light mixed, (7.(08.10. Anaconda Copper Mining t V Company 7 Secured Gold . Bonds, Series "B" - Due 1929 Yield 8 Circular on request for OB-884 The National City Company bmaha First National Bank Bldg. - leiephone Douglas 381 ;0 CHICK FEED ai. nothing Omaha Grain . ' April 20. Cash wheat sold today ot an ad- ' I- - , - .1 ml '"a ! vance ot l(c, tne duik 6C nigner. Corn ranged '.V2c higher, white and yellow VAc up and mixed K(L2 lc higher. Oats were a cent higher man yesterday s nominal quotations. Rye and barley were nominal. Grain receipts today were light, totalling 6nly 64 cars. ' WHEAT. No. 1 hard 1 car. (1.26. t car, (1.27; 4 cars, (1.26; . No. 2 hard: 4 cars, (1.2 No. 3 hRrd: 1 car, (1 : 3 cars. (1.24. 23; 1 car, (1.18 (very smutty.) No. 4 bard: 1 car, 11.24 (heavy) ; cars, (1.22; 2 cars, (1.20. No. 5 hard: 1 car, 11.18. Sample hard: 3-6 ear, 11.22 (68.2 lbs., weevil) 2-6 car, (1.17 (56.1 lbs., musty.) Sample spring: 1 car, (1.01 (46 lbs.): 1 car, (1.01 (46. S lbs.); 1 car, 97o (48.8 lbs.): 1 car. 90e (40.8 lbs.) Sample mixed: 2-5 car, (1.03 (47.1 lbs.); I cars, (1.00 (47 lbs.) CORN. No. No. No. No. No. No. 450. No. ( white: 3 cars, '48 c. 2 yellow: 1 car, 61c. 1 yellow: 1 car, 49c; 2 cars, 4!c. 4 yellow: 1 cars. 41c. , 2 mixed: 1 esr. 46c, t mixed: 1 car. 45c; 1 3-6 car, ( mixed: 1 car, 42c (muty.) OATS 2 white: t cars, 34c. 1 white: 1 cars, 84c. 4 white: 1 car. 33-iic. No. No. No. OMAHA RECEIPTS AND SHIPMENTS. Week Tear Ago. Ago. 60 ' 61 23 . 48 7 61 7 1 74 74 ! 64 36 18 23 3 1 Receipts . Wheat Corn , Oats Rye Barley . , 8hpments Wheat , . f'orn , , , Today. ...26 ...26 ... 15 92 67 9 Oats . Rye t... Barle CHICAGO CAR LOT RECEIPTS. Week Tear Today. ' A go. Ago. Wheat : 25 27 Corn It" 86 4 66 39 Oata ' (" 31 KANSAS CITY RECEIPTS. Wheat .....113 Corn 0 Oat 1 ' .. . 8T. LOUIS RKCEIPTS. Wheat '..76 111 26 Corn 16 .16 29 Oats 26 29 14 NORTHWESTERN RECEIPTS WHEAT. Winnipeg 118 156 . 153 Kansas City Grain. Kansas City, Mo., April 20. 1.161.16; July,. 98 c. Corn May, 61 c; July, 65c; Wheat Septem- oer, a 1 74 c. St. Louis Grain.' St. Louis, April . 20. Wheat May, (1.35; July, (1.04. Corn May, 69e; July, 61 c. 'Oats May, 3(c; July, 39c. AN UNUSUAL OFFERING FOR APRIL ONLY : ' We offer , - $37,500.00 REAL ESTATE FIRST MORTGAGE COUPON BONDS NET 10.20 FREE For 4 Years ' DENOMINATIONS : $100.00, $250.00, $500.00 $1,000.00 and $2,500.00 Dated Sept. 1, 1920 Due Sept. 1, 1925 INTEREST-PAYABLE, Mar. 1 and Sept. i TODAY IS HERE Tomorrow Never Comes , CALL AND SEE US Guaranty Securities Company . . AND . The Pioneer State Bank Farnam Street Entrance Securities Building OMAHA, NEBRASKA eeds r rmtfifl Start Them Right The chicks you hatch this spring will not gtow into fine, large, productive hens unless you feed them Mash Feed from the start Red Feather Buttermilk Chick Mash should be fed till they are ready to lay.e Then. Red Feather Buttermilk Laying Mash to produce the greatest number of eggs. Any of our dealers can supply you. M.C.PETERS MIL! CO. Drawn for The Bee by Sidney Smith. Cn:yr'ih'. IU hv rsi.. Trlhime (" JS'rw Vork Coffee. Now York, April 10. Most of the busi ness in coffee futures today consisted of further switching from May and July to later months, but prices were steadier on reports of a better tone in Brazil and a little trade buying. Tho opening was un changed to 5 points higher and the market sold ud from 6.70 to 6.73o for Mav. Later fluctuations were somewhat Irregular, bus within a range of 1 or 3 points, and the market closed at a net advance ot 4 to 6 point. Close: May. 6.72c: July. 6.16e: Septem ber, 6.56c: October, 6.72c; Pecember, 7.04o; January. 7.13c; March 7.33c. Kpot Coffee, quiet; Rio 7s, Cc; Santos 4s, 99c. - New Vork Curb Stocks Ths following quotations are furnished by Logan Bryan: Boston Montana ., Coaden Oil Consolidated Copper Federal Oil Merrlt Oil Midwest Refining Co 8apulpa Oil Slmms Petroleum , U. 8. Steamship . . . .... 63 V 65 .... 6 6 .... 1 1 .... 10 1 .... 11$ 12 ....144 (6146 .... 4 4 .... 8 ( 11-16 ' Turpentine and Boeln. Savannah, Ga., April 20. Turpentine Firm, 53c; sales 191 hbls.; receipts 430 bbls. ; shipments 272 bbls.; stock 5,022 bbls. Rosin Firm; sales 1,022 casks; receipts 657 casks: shipments 1,119 casks; stock 75.026 casks. Quote: B. 13.60f 13.62 : D. (8,75; E. F. G. (3.80; H. (3.85; I. (3.80(8.S6; K. 14.00; M. (4.10; N. (4.20; WG. (4.60; WW. (5.00. . New York Sugar. New York, April 20. While there were no changes in the local raw sugar mar ket, the undertone was unsettled and un controlled sugars could he purchased at concessions. There .was no change made by the committee which quotes 4 csnts ror uunai, cost ana freight, eaual to 5. 64c. for centrifugal, but there appeared to be no demand, and no fresh, business was reported. ' , New York Dry Goods. New Tork.-April 20. Cotton" goods' to day were steady and quiet. Yarns showed little change. Hosiery showed . improve ment, especially on staple cotton good lines. Fashinoed silk hosiery was scarce. because of continued labor troubles In Philadelphia: Burlaps were dull and weak. Chicago Potatoes Chicago, April 20. Potatoes were weak: receipts, 48 cars: northern white, sacked. 90c11.00 cwt.; bulk, 96c(1.05 cwt.; new Florida No. 1, (7.757.60 bbl; No. 2. (5.00 015.25 bbl. In Our China Dept. WATER SETS Exceptional offer of star cut Water sets, consisting of one large pitcher and six 'tum blers. Very specially priced at, per set-1 . . $1.75 Z4th and O Streets Ask r Crete Trading Sumps UPDIKE GRAIN COMPANY Operating large, up-to-date Terminal Ele valors in the Omaha and Milwaukee mar. nets, are in a position to handle your shin, ments in the best possible manner i. cleaning, transferring, storing, etc ' MEMBERS Chicago Board ef Trad Milwaukee Chamber of Com. .MinneaDoli Commerce Chamber of St. Loai Merchant E . change Kaaaae City Board if Trade SioM City Board of Trade Omaha Grain Exchange lrwttl My yw u g.t i. tfc y, f f. who, wanting f BUY or SELL eny lSnd I of gSb! WE SOLICIT YOUR Contignmonu of AH Kinds of Grain l?A?Al,StlICAG0 MILWAUKEE, KANSAS CITY and SIOUX CITY Every Car Receive .Careful Personal Attention The Updike Grain Compainy THE RZUABLE CONSIGNMENT MOUSE. " -' " . South: Side Agricultural College Students on South Side Twenty-five students from the freshman - clas of the animal hus bandry department of the state uni versity agricultural college were visi tors at the stock yards yesterday. The party was in charge of W. V. Derrick of the university faculty. During the forenoon the visitors were taken on a tour of the cattle pens and hog yards and in th aftet noon, after having lunch in the .Ex change dining room, the party was taken to the plant of Armour & Co,, where the experiment cattle were in spected and a talk made on the dress ing ability of cattle by an expert. California Feeder Ships Three Cars of Lambs Here Three carloads of lambs were brought into the local market by John Ardchain of lendota, Cal. Mr. Ardchain said sheep men of the Pacific coast were compelled to ship some of their stock to Omaha and eastern points every once in a while on account of the coast not being able to consume the output. Profit on Feeder Lamba Made by Ccresco Farmer .Herman Smith came in from Cc resco with a choice bunch of Iambs that brought the top price of the day at $9 a hundred. Mr. Smith said he bought lambs on the local market last fall at $7.50 and made a nice profit on his sale yesterday. South Side Brevities Mrs. Katie Tombrlnk, (920 South Twenty-fourth afreet,, who haa been uffering a severe attack of pneumonia, is reported Improving. To let, May 1st. store room, 470S 8. 24th St., Ir. one of the best retail loca tions on South Side, Rent reasonable. Al L. Bergqulst. Adv. . , Railroad lalvsge, high-grade furniture, . new and used; Iceboxes. (4 up; new cot ton mattresses, (6; gsrden tools.' E. Vaks, 3610 N St. So. 2370. Adv. Mr. and Mr. G. F. Kroeger, 8661 South Twenty-fifth tret. are re.iolclng over the arrival Sunday of a bouncing boy. Mother and son are reported doing, nicely. Thl mother was formerly Miss Edith Jetter. RAINBOW 8ALT0, WHO BROTHERS' STORE. This wonderful Rainbow Sale alarts Pr. , day, April 22, and last for 10 day. The greatest basement sale ever held by this greater store. Specials by the hundreds in enamelware, dishes and house furnishing goods of all kinds. 14-qt. dish pans, sale price He 6-qt. preserve kettle, ssle pries ....SHc 12-qr, Water Pall, galvanise ,...33c Tumblers. Rainbow Sale price 4c Cups snd Saucers, plain white, sale. .38c Salad Rowla, large extra deep ,29n 10-qt. Tin Palls, sale price ,,;.. 26c. 4-qt. Pudding Pans, for this sale, , . , , . loo Tin Pie Plate, very special, at 7c Brooms, Brooms, sewed fancy lock neck broom during this sale ......5i Frying Pans, 8-ln. fry pan, a!a....l(o Aluminum Sauce Pan, very special; -1-qt., 14c; 2-qt 29c; S-qt., 59c; aet of ( 9Sc Scissors, various sixes, to at -2sc Curtain Rods, all styles, sale 10c Rainbow Specials, Main Floor Ladles' Aprons, lights and darks, sale 75c Ladlea' Silk Hose, black, gray, brown. Rainbow Sale price ,,..75c. Men's Hose, all colors, nslr ..... 10c Children's Hosiery, this sale, pair ....11c, Men' hdks., at old-time prices ..."...6c Olds' Bloomers, black, pink and white. Special this sale ...llr Ladles' Union Suits, sale price ...son Girls' Union Suits, all sizes .......... 50c Boy' Union Suits, go at .'..46c Men's Shoes, for work and dress, a won derful bargain, pair .',.(2.95 WHG BROTHERS, 24TH AND N STS. CHINAWARE 27-piece get of imported English Chinaware, made by the Alfred Maakin Co., beauti. fully decorated, consisting- of 6 large dinner plate, 6 breakfast plates, 6 eup, 6 saucerg, one bowl, one cut-gla ugar and one cut flat cream- C C f er-.ll for ....... PO.OU , South Omaha Thsy ar Givsn With Each Purchaae OFFICES AT OMAHA, NEB. LINCOLN, NEB. HASTINGS. NEB. CHICAGO, ILL. SIOUX CITY. !A. HOLDREGE. NEB. GENEVA, NEB DES MOINES, IA. MILWAUKEE, WIS. . HAMBURG. IA. t KANSAS CITY, MO. . ( sns ftj. . aMssst wita task sAwr rwts arte. mm ataMMiimMHuiHtwaiMuNMa. -f-riMinmiini, J 'A )'