THE BEE: OMAHA. FRIDAY. APRIL 29, 192.
13
Railroad Surplus
To Be Converted
Into Capital Stock
Lackawanna Company Fol
low Example of New York
Central in Days of Com
modore Vanderbilt.
By HOLLAND.
For a long time the market quo
tations for the stock of the Delaware,
Lackawanna & Western Railroad
company1 have stood at the head of
the list. When other railroads'
stocks have shown depreciation in
the market quotations the stock of
this railroad company has been un
affected, or at least Only triflingly.
It has often been quoted far above
200 and the day after the announce
rnent that the company is permitted
t . t T . - . . -
ov ine jmcisiatc LOinmcrcf com
mission to convert a considerable
iart of its surplus into stock, which
is to be distributed to the stock
holders, the stock was Quoted at 219.
But only 400 shares were dealt in.
The position in which this railroad
company has for years found itselt
resembles that in which some of our
banks were placed. The Chemical
.National bank, whose capital at one
time was only $3,000 found its stock
quoted in the market at" several thou
sand dollars a share. That was be
' cause this bank for many years
turned s earnings over to the sur
plus account. Its stockholders' fully
supported such action although for
a long time they received no divi
dends. But they knew that the sur
plus was a part of their possessions.
Transfer Surplus Into Capital.
Another bank In the uptown district
added yearly lsrge amounts to ila sur
plus ana its capital was smaii it wan
ante to read In th market quotation
every )av that as much aa 14.000 to
Si.ooo had besn offered for each aliara
of the stork. In the cee of the Chemical
a difference policy was adopted aonie
rears ago whereby through enlargement
of the capital, made possible by the
utilisation of the eurpliis. tho market
quotations for the atock fell far below
the high figure which at on time thl
atock obtained.
Another of the national banks was able
to lncreaae Ita capital by $IO,OO0.OH0
by transferring surplus Into capital stock.
It haa not often happenod that a rail
road company haa been able to accumulate
ao large a aurplus aa to make it possible
to declare stock dividend which will in
crei.se the capital stock by 145.000,000.
The policy adopted by the Lackawanna
company after tt secured the Morris and
Kssox and other railroad corporations in
volved the building up of a large sur
plus. The company ettend-d Its system
across New Tork state to Buffalo, there
making convenient and advantageous
traffic arrangements by which tt was able
to operate through trains betwsen New
Tork and Chicago. In times of panto
this railroad company was not In any
distress for It possessed a large aurplus
and Its fixed Indebtedness was in such
shape that it was easy to handle.
Great Stock Dividend.
It Is Intimated that tho management
of thia railroad company contemplated
covering ita aurplus of many millions Into
stock several years ago and that the
situation created by the European war
caused tt to be deemed advisable to post
pone action of that kind. Now when the
.. railroad situation as a while Is even
more complicated and embarrassing than
It was during the war daya and certainly
mare perplexing than was the case in
the four or five years preceding tho out
break of tho European war, this rail
road company nevertheless finds It ex
pedient to convert some part of ita great
aurplus Into stock. It has received per
mission from the federal authorities to
take ou of tho aurplua t45.0OO.000
and convert that Into atock. Of course
that will enlarge the capital stock of the
company by these $45,000,000 and for
that reason will cause some falling off
in the market Quotations for the stock.
This stock has been so valuable and 1
the market prices for It so high that it
has gradually become what Is sometimes
called a silent stock. That Is to say much
the greater part of the stock has been
held for investment and a comparatively
small part of it has been available for
stock market transactions. Kxactly in
. what form this stook will be distributed
is tor the stockholders themselves to say.
They will have made up their minds upon
this point so that they will bo able early
In July to recommend and accept a plan
lor tho distribution.
VanderbUt's Croat Stroke.
Thia atock dividend Is greater than the
one declared by Commodore Vanderbilt
when president of the New Tork Central
and Hudson Klvor Railroad company near
ly SO years ago. Commodore Vanderbilt
was tho New Tork Central. In his pos
session and that of his family was nearly
all of tho stock. When he sought for ad
ditional funds with which to finance the
gceat improvements ho contemplated he
caused new Issues of stock to be made
and then ho bought that stock. Not until
a short time before his death was he
T.llllng that tho corporation shontd Issue
bonds and It was not until ho was told
that he could himself buy all tho bonds
that were Issues that ho was at last per
suaded to direct that there bo aa Issue of
bonds. ,
With a stroke of tho pen and without
any government Interference because at
' that time tho government did not claim
any right of supervision or of authority,
the commodore caused a stook d) rldend of
approximately 140.000,000 to br declared
and In that way doubled tho c Ital stock
of tho' company. These ' ,,000,000 of
stock made It possible for tt commodore
to co. mplato an increase of his wealth
by 106 per cent. When ho was criticised
for this Issue of stook he said that every
dollar of It represented increased value of
tho railroad property and he was correct
in that statement. ,
Until now the Increase of the capital
atock of a railroad company which Com
modoro Vanderbilt caused to be made was
ao far as hasty examination shows the
largest over made until now. , The Lack
awanna railroad company's increase is
forfjr.flve millions or a few millions more
than was tho New Tork Central increase.
There wis a difference, more apparent
than real In the case of the New Tork
Central tho Increased stock represented
vastlv appreciated values of the railroad
properties, rosdbeds. sir tracking ateel
rail equipment, very valuable terminal fa
cilities and tho lncreaae In the value of
the property due to tho railroad connec
tion over the Hudson at Albany. The
Lackawanna's stock Increase represents,
it ts true, wealth accumulated by - the
company but it la wealth in tho form of
surplus. -
Jfow Terk General. :.:,
New Tork, April IS. Wheat spot firm:
No. 2 red I1.S4W; No. S hard, S1.6S4 and
No. I mixed, t.0i c. i. t. track New
Tork and No. 1 Manitoba, J1.74H e. J. f.
track, opening rtvlgatlon.
Corn spot eesr: No. ! yellow and No.
I white, SSfcc and No. 2 mixed 10 Uo e. 1,
f. New Tork, '19 day shipment. '
Oat spot weak. No. 1 white, 4IH 450c ;
Lard easy: mlddleweat $10J10.10.
Tallow firm: special loose &SVc.
! Other sxttcles unchanged. -
if ..' " V
Turpentine and Bosin.
Savannah. April 21. -Turpentine; Market
firm. 6S o: sales. 89 barrens: reoeipts.
S2 barrens: shipments, 74 barrells; stock,
,J!S barrens. '. :
. Rosin' Sales. E04 -asks: receipts," St
casks: shipments, ,3,43a cask: stock, Ti,
lt casks, -. ... '
Quote: , S.: TV JlM: T... .; T.
SI. S4. 00: G,$4.0J4.3: H. I. t4.ia: x.
S4.1; M. 14.40; N. I4.5e4.7s; WO, I3.;5;
W. 15.60. '
' . Sew'-Tork Sugar.
"New Tork. April 31. There was- re
newed weakness la the local raw sugar
market today, and prices for uncontrolled
sugars declined He to tho basis of 4.17c
for centrifugal. Th. committee's prices
was unchanged at SHe tor Cubes, c. L f..
equal to 4.Sc for centrifugal, with sales
of TJ.OOS- bags to an outport refiner.
New Terk Dry Goods.
! New Tork. April J I. A large rolumo of
business was transacted today In percales
and prints. It Is expected announcements
concerning -future prices on some leading
brands of bleached cottons will be forth
oommg next ' week. Print cloths were
steady; silks quiet. Wool goods were
quiet.
Chicago Prod ore.
Chicago, Apr ;. Butter Lower:
' ereamery, extras, tic; standards, not
quoted.
F.ggs Lower: receipts. I!.47 esses:
firsts. :n,S:i;: ordinary firsts. ItSUc
at mark. isses included. t31c.
Foultry Alive, unchanged.
Chicago Potatoes.
Chivago. April Potatoes Steady:
receipts. ST ars: Michigan. Minnesota
and Wisconsin, bulk round whtte. (
It. S cwt.L nw, firm, Plorlda No. l, $7.75
- S.0 bbl.; No. I, 15.0oeji.lS bbl.
Market, Financial
Live Stock
Omaha, April J".
Receipts were:
Official .Monday ....
Official Tuesday ..
offlc'lal Wednesday.
Estimate Thursday.
Four days this wk.
Same day last wk..
Cattle.
, D.827
1,111
, e.7a'
. 4.(00
",!04
24,607
Hogs. Sheep.
10, Soli
15.2U
U.o: 4
13.700
45.713
4.1.311
80,194
ao,S5
.:
S.4I0
e.Jt-J
a,i00
:7.i
M.Oiil
64,567
XO.ISI
Z2.2S
Mama day z wk ago
Same day it wk ago
.Is. Si
2M0a
:'o,;ii
bams day jear ago
Receipts and disposition of live stock
at the Union Stock Yards, Omaha, Neb.,
for ;4 hours ending at 3 o'clock p. m.,
April SS. 121.
RECEIPTS CARS.
Horses
and
Cal' a II as Sh'D H'rs
v itousii
Missouri Pacific , .
Tnlon Pacific
C. & N. W., east ..
C. A N. W., west
('., St. P. M. ft O.
C B. q , east ..
C, B. 4: (j.. west ..
C, It., t. A P., east
C.. R. 1. P.. west
Illinois Central ...
Chi. Gt. West . . . .
1 1 ... 1
1
a 7 it
14 S
ft? ?3 3 ...
10 :j
1 1
s :s ... ...
i
6 4
4
3 1
Total Receipts 213 W
disposition
Cattle Hogs Sheep
SU 1,204 636
1.455 2,011 IMS
80 2.5:a H
1,063 5,185 1,123
1,134
... 1,364
410' 1,117
41
:i
21
. . . ...
Morris 4- Co .......
Swift & Co
Cudahy Packing Co. .
Armour & Co
cbwarta 4 Co
.1. V. Murphy ....
uoKi racking Co.
Lincoln Pkg. Co
So. Omaha Pkg. Co. ..
Ogden Pkg. Co
Higglns Pkg. Co
Huffman Bros
13
t
148
il
SI .
.
;
i
s
27
4-il
IS
S2
37
13
648
Glassberg
Wison Co
V. P. Lewis .,
J. B. Root & Co
J. II. Bulla
P.osenstock Bros, . . . .
F. O. Kellogg
wertncimer Degen
Kills Co. ..........
Sullivan Bros.
Mo.-Kan. C. A C. Co.
B. O. Christie
John Harvey
Jensen A Lundgren . .
Dennis & Francis ....
Cheek Kress ......
Omaha Packing Co. ..
Mldweat Packing Co.
Cudahy Bros
1,476
Other Buyers ........
330
6,210 15,954 3,602
Cattle A fairly liberal Thursday's run
of cattle showed no. about 4.500 head.
making 27,000 for the four days. The
market was without new features and for
the most part orices were in Wednesday's
notches, which means that both beef steers
and cows were selling 35O50O lower than
a week ago, and at tho lowest levels of
the eeason. The 58.00 steer seems to be
almost extinct and Bulk ot tne cattle sen
at a spread of $6.7S(a 7.60. with bulk of
the cows and heifers at $5.5096.2. Stack
ers and feeders were in limited supply
and demand with no particular change in
prices.
Quotations on cattle: Choice to prime
beeves, 17.7601.20; good to choice beeves.
I (.ssasi.ee; rair to - good beeves, ps.sorj'
7.35: common to fair beeves, I6.2S6.75:
good to choice yearlings, S7.108.00; fair
to good yearlings 17.00 7.80; common to
fair yearlings, 6.000.75; choice to prime
heifers, $7. 0007.50; good to . choice heif
ers, so.vixgi j.uu; cnoice io prime cows,
6.50'6.S5; good to choice cons, 15.75
6.40; fa)r to good cows, I5.00ffl6.75; com
mon to fair cows, I2.004J4.35; good to
choice feeders. 17.00 7.50; fatr to good
feeders. I6.25S7.00: common to fair fil
ers, $5.6O6.O0; good to choice stoekers,
S6.Y0S1 v.-'o; fair to good stoekers. 36.0049
0: common to fair stoekers. 4.dOB6.00:
stock heifers, 34.5006.00; stock cows, 33.75
a.vv; - stock calves. 10.1105:7.25; veal
calves,
3a.009.25; bulls, stags, etc.
14.50
O7.00.
BEKF STEERS.
No.
Av. Pr.
No.
A v. Pr.
036 3 6 60
OSS 6 0
10. . .
21...
10...
24...
II...
SI...
26...
64...
14...
864 6 75
80.
37
11
..HIS
7 00
1 10
7 25
7 35
7 45
7 55
7 85
8 00
804
7 05
7 15
7 30
7 40
1 60
7 75
7 80
..1111
..1410
..1S80
..107
..1208
..1649
..113
.1066
.1109
.1205
.1030
.1520
,.1214
40....
16..
15..
..
STEERS AND HEIFERS.
a..
862
7 00
864
7 10
7 56
7 40
7 76
13. .....1201
7 16
7 35
7 60
11...
18...
10...
..138
.. 8".
.. 956
S3..
884
715
26....
18....
8 OS
TBARLINQS,
6 75 17..
7 10 - 22..
7 35
COWS.
6 SO 24. .
6 90 8..
6 10
HEIFERS.
5 35 10. .
6 50 11..
BULLS.
4 60 ::. .
CALVES.
6 00 3. .
6 75 J..
8 76
.. (53
.. 713
.. 651
..1621
..1110
..1138
.. 7$n
..1038
. .1710
. . 30
.. 480
.. 287
6t
825
7 60
7 25
21
15.;..
8....
16....
16....
1.:'..
it
t....
10....
4... .
4
...1022
... 143
... 953
. .. 850
... 846
5 65
6 00
8 75
00
6 55
456 6 00
380
210
6 50
8 50
Hogs Receipts of hogs were fairly liber
al this morning, about 18,700 head show
ing up. Buyers all wanted hogs and
bidding was active from the start at high
er prices, the trade showing an advance
of 16 25c. A good clearance was made
on this basis. Best light hogs sold to
packers at 38.1508.25, the latter prices
being tho day's top. Bulk of supplies
moved at 17,6008.00.
HOQS.
No. Av.
66. .375
39. .341
65. .270
60. .273
60.. 24.1
77. .209
34. .204
Sh.
70 I
Pr.
No. Av.
Sh.
...
Pr.
7 30
7 60
7 70
7 80
7 90
8 08
7 10
7 60
7 85
7 7
7 85
8 00
t 10
66..S40
63. .314
40. .275
37. .308
78. .210
32. .220
21. .233.
7
80
140
40
8
Sheep The yard estimate called for a
run of 2,800 sheep and lambs this morn
ing, but light receipts failed to sharpen
demand and trade In fat lambs ruled dull
with an easier tendency. Scattered sales
were quoted steady to a little lower in
spots. Good wooled lambs were priced
!r0u-na i10'25 w,th "ood shorn lambs at
.St. Sheep were scarce and quality of
the receipts was not very attractive.
.I?'!'.1?"" on "heep; Best fat lambs,
31O.3501O.5O; medium to good lambs,
39.io01O.25; plain and heavy lambs, 38.50
09.50; shorn lambs, 38,2509.50; good to
J?0."?! ?"" -767.25: fair to good ewes,
86.00 01.50; cull ewes. $2.60 03.60.
FAT LAMBS.
No. Av. Pr. No. A v. Pr '
434 fed 82 $10 00 251 fed 63 $10 65
lo3 fed 66 10 65
Chicago Live Stock.
Chicago, April 28. Cattle Receipts
8,000 head; market, beef steers and
butcher she stock, active, lOe to 15c
higher; - top earlings, $9.00; bulk beef
steers, $7.7508.85; fat cows and heifers,
largely $5.6007.00: calves and bulls,
steady; bulk vealers, $8.0008.76; bulls
Isrgeiy $5.2506.76; stoekers and feed
ers steady to strong; bulk. $6.2607.50.
Hogs Receipts S4.000 head; market ao
tlvo. IS to 33o -higher than yesterday's
average; closing strong; top, $8.(0; bulk,
$8.1008 60; pigs, steady; bulk, desirable
100 to 120-pound pigs, $7.6007.75.
Sheep and Lambs Receipts 18.000
head; market mostly steady; heavy lambs
closing weak: wooled lambs top. $11.10;
bulk, $10.2Sff 1L8; shorn, top, 310.30;
bulk, $9.OO09.f;. best shorn wethers,
$7.25:. ewos. $6.75; choice Kentucky spring
lambs, $13.00,
Kansas City Live Stock.
Kansas City, Mo., April 28. (V. S. Bu
reau of Markets.) Cattle Receipts, 4.600
head: beef steers, steady to 25a higher
mostly 100150 higher; best yearlings,
early, $8.15; heavy ateers for export, $7.65
08.00; Colorado pulpers, $7.3507.75,
seme bids $7.85; she stock and feeders,
stesdy; best cows. $6.60; good heifers,
$7.00: canners and calves, steady to
strong; , best vealers, $9.00; bulls, lie
higher.
Hogs Receipts; 7,000 head: market
closed active. 15025c higher than yester
day's average, mostly S5e higher; best
lights to packers. $8.25: bulk of sales,
$7.6508.15, stock pigs, steady; best kinds,
' Sheep Receipts; . 4.S09 head; killing
classes, active and steady; top lambs,
$16.26: most desirable weight bands, $10.1$
010.36: heavies, $9.00; spring lsmbs,
$10.S12.0: . shorn ewes, . $8.00; shorn
wethers, $6.50.
Sioux City Live Stock.
Sioux City, I., April 58. Cattle Re
ceipts, 1.800 head: market, strong; ted
steers and yearlings, $6.0003.00; fat cows
jad heifers, $4.6007.76; canners, $1.609
MfS T,aI- W.00 0 9.00; feeders, $6.00 nf
7.00; calres. M.JOfT.oO; feeding cows and
heifers. 13.0006.25: stoekers, $6.0007.36.
i.0TBelpt J-Ml : market, is
RVef!h,rt "8ht, .OI0J.li; mixed,
$7,75 0 00; heavy. $7.3501.65; bulk of
sales, $7.0 08.00.
Sheep Receipts, 209 head; market,
strong.
St. Joseph LIto stock. .
St. Joseph, Mo.. April 27. Cattle Re
ceipts, i.soo head: market, strong to 5o
higher; steers, $.7ff8.20; eows and heif
ers. $4.00(8.2t: calves. $5.00tTt00.
Hogs Receipts. 8.500 heed; market. 1$
26c higher: top. $8.20; bulk, $7.58 16.
Sheep Receipra. 8.500 head: market,
steady; lambs. $9.25810.65; ewes. $8.00ff
Lime Oil. ,
Tiuluth. April 28. Linseed on track, j
ll.534Jl.55; arrive, $1,54. '
' ' 6
Financial
By ALEXANDER DANA NOYES
Chicago Tribune-Omaha Bee Leased Wire.
New York, April 28. In a singu
larly mixed surrounding of financial
incidents, with the Bank of England
rate reduced and a strong showing
by the federal reserve, the stock
market recovered in the lace of a 7
per cent Wall street call money rate
the highest since Tuesday of last
week. Two striking movements of
the week were the advance of rail
way shares on the stock exchange,
notwithstanding Wednesday's low
ered Pennsylvania dividend,.and the
rise of sterling above the year's pre
vious high level, notwithstanding decline-in
money rates at London and
higher call money at Xcw York.
The weekly federal reserve state
ment?, publication of which on
Thursday" instead of Saturday began
this week, showed notable strength
ening of position ever since last
week's close. The entire system re
ports gains of $19,500,000 in gold re
serves, accompanied by substantial
decrease in rediscounts and by
further reduction of $26,400,000 in
outsanding notes. i
The curtailment from ine nign marn n.
December now aggregates $574,800,000 or
not quite 17 per cent and these changes
for the week carry the system's reservo
ratio from 541. ver cent to 56, the highest
since August ot laid.
Tension Relaxing.
Reduction In the Bank of England's
official discount rate has always been a
matter of Importance, as portraying to
the feeling of the largest money center,
In regard to the money situation. The
tact that the 7 per cent rate which was
relinquished today the highest in half tt
century except for the similar rate of
1007 and 187S had been maintained for
a longer consecutive period than any high
rate in the bank's history, added em
phasis to the directors' actions. If today's
reduction is followed, as London seems
to expect, by further reductions later on,
it will amount to expression of the high
eat expert Judgment that the world-wide
money tension has definitely relaxed.
Tho Influence of financial sentiment of
these various striking announcements of
the day can hardly fail to be considerable
and in the long run the effoct is likely to
be stimulating. They occur at a time
when the $230,000,000 Burlington bond of
fering le about to provide a crucial test
of the investment position and when im
portant news is Impending from other
quarters. Qultg aside from what may oc
cur at Chicago and elsewhere in connec
tion with the railway complications, to
day's rise in exchange on London and
Paris at least reflects no dlscriuraga
ment over the Germany negotiations.
New York Quotations
Range of prices of the leading stocks
furnished by Logan & Bryan, Peters Trust
building;
RAILS.
Wed.
High Low Close Close
81i 81 814 81i
36'i ii'i 8Vs 35i
li! 110", 111?, Ill
A., T. & S. F. ,
Bait. & Ohio . ,
Can. Pacific ...
X. T. Central ..
Ches. & Ohio ..
Erie R. R
Ot. North., pfd..
Illinois Central .
Mo Kan. & T.
K. C. South. . .
Mo. Pacific
8i 681 t,5i
I ':
IS'l
71!,
6l'i
13
10
6lis 60S,
13', 13',
71
70'i
2i -H
ihl 26 li
ESVi 26',
18 18', 18 18V,
N. T., N. H. & H. 17 17',, 17U 17
North. Fac. Ry. .. 74
24
Chi. & X. W
6JVi
63 63,
Penn. R. R 34 'i
S4S 33',
Reading Co 73 70 78 70
70 U
C. R. I. & P 27 27 i, 27 i 27
South. Pac. CO. .. 7o ii'i o '4'
South. Rail 2 Hi 2Hi 21, 21
Chi.. Mil. & St. P. 26 Si 251. fifc
Un. Pac.
..U6'4 115i 116ty H6Vs
Wabash .
... 7 7'. 1 t t'rt
8TBE1.S. '
...126, 125i 126S 125
. : . 87Vi St- -S7 87
A. C. F. .
A.-Chal. Mfg.
A. Loco. Co.
... 8S'. S6 at 86'i
L'td. Allov Stl Com SI SI
ul
90
Baldsrin Loco Wks toi 88 'i
87 "4
Beth Steel Corp... 584i SSk 68',4 68i
Colo Fuol. Iron Co
Crucible Steol Co. 83 i 80ft 81 'i 81-
Am. Steel Fdrys. 31 80
31 H 30 H
Lackawanna Steel 53
521 62!
Mis
28'.i
Mldvale Steel, Ord 29 '
Pressed Steel Car 88
28 8, 28 i
86
Rep Iron, Steel Co 63"i !i.H 63!!,
nr. Mteei spring.
88
Sloss-Shef Stl. Iron
43
t'ta. estates o:eei S3', :, s.i?s si
COPPERS.
Anaconda Cop Min 40i 40'i 40i 40"i
Am Sm. Rfg Co. 42 42 42' 42
Butte. 8U MIn Co til Si JSU II1 13'i
Chile Copper Co.. lli 1)?, 11 i in.
Cnino topper f:o.. 24?s 24
Calumet 4V Ariz
Inspir. Cons Cop. 85 35,
Kennecott C'ODDer 201! 20
24! 24',
85 5i
35 -4)
20 '1
23 ',i
Miami Copper Co. 2Si ttk - 2Ji
Xev i;ons Cod Co 13. is
12',, 12-i
Ray Cons Cop Co 13V 1384 1881 13'i
otan uopper co.. us', e a - s"
INDUSTRIALS.
Am.-Beet Sug. Co. S8U 38 , JS'A
64
87 i
Ati O 4 W I S S ill n 3SU 38 V. 38
Am. Inter. Corp... 46, 44 46', 44t,
Am sum Too Co. 71'j 70?i toj o-'j
raeltic-. OH 38 "A
Am. Cot. Oil Co 20 U
Am. Tel. & Tel. ..107i 107'i I074 107,
Am. Can Co 31H .30, 31', 30',
Chandler Mot. Car 84 83t( 82H
(Jen. Lea. CO 35V, 84H 35 35
Cuba C. Sug. Co. . 18', IS1,, 18, 18i
uai. Fkg. Corp .... . . . .
Cal. Pot. Corp.
Corn Prod. R. Co. 7884 78H 7311
59
45
78
Nat. E. & Stamp. 61 60 'A 818. 61
Flsk Rub. Co. ... 15 IG'i 15 16
Gn. Eleo. Co. ...187 13i 136i 137
Gas. Wms. & Wig. 144 14 144 ....
den. Mot. Co 134 18 13, 13
Good. Co. J7tt S7 . S7?s 37
A. H. & L. Co. , " 9
Has. & Brkr. Car 66 64'i 66' ....
U. S. Ind. Al. Co. . 69 ' J' 68 i 68tt 684
18 litt lo;.
Inter. Paper Co. .. 64 , 594 S2i
Ajax Rub. Co.
34 5i
Kelly-s. Tire
. . 444 42'i 434 42i
Key. T. & Rub. .. 134 151, 15U 16i
Inter. M. Mar. : 144
Maxwell Mot. Co.' ,' 84
Max Petroleum... 161 4 1474 1484 150V,
Mid. States Oil.... 154 14'., 14 !i 154
ruro Oil CO 354 85 354
Willys-Over. Co... 84 si 8 4
85.4
lP
nerce uu corp.. ii n n
Pan.Am. P. T.,
70 4
ii 7i;
Fierce-Arrow Mot. 858, S3 4 844 34
Royal Dutch Co.. 69
66 684 66 4
V. S. Rubber Co.. 75 4
Am. S'r Rfg. Co.. S8T, 874 88 87i
Sin. Oil & Rfg . 27 264 264 264
Bears-tfoeoucic i;o. svs 004 56 s 00
Stroms'g Carb. Co. 424 39 4 414 40
Studebaker Corp.. 924 S64 91 884
Tob. Products Co 644 534 65 4 584
Trans-Con. Oil 114 104 104 114
Texas Co ' 434
L. a. ooa it. c. Z04 20 204 1I-
v. a. em., k. tk si. -4
White Motor Co... 41
Wilson Co.. Inc. . 43
S2i
304.
404
43
904
48
764
.41 41
43 .43
474 47
Western Union...
Weat'ae EI. Mfg. 48
Am. Woolen Co.. 79i
76H -794
Two o clock sales. 676 600.
Money Close. 7 Der cent: Wednesdays
close, 64 per cent.
Marks Close, .0152 H; Wednesday's
close. .0166. .
Sterling Close. $.$5: Wedneadav'a elose.
S.S.
Bonds.
The following Quotations are furnished
by Logan A Bryan, Fetera Trust building
Am. Smelt. s Rfg. 6s.
4 764
Am. Tel Col. 6s 194$.. .
82 824
794 79i
67 4 70
640 664
Armour 44s, 1939 .
B. & O. Ref. 5s. 1995
B. O O-t. 44. 1933. ..
Cal. Gas. L'nl. 6s. 1937
1:14 B 6
C, M. Ss St. P. Gen. 44s. 1932 64 144
C. M. A St. P. Gen. 4 Ref..
44s 2014 684 5
C, R. I. & P. R, 4S. 1984.... 4 864
D. R Q. Col. 4s, 1S4 644831 844
Ut. -S'Or. 4 48, 1961 78 4 0 79
in. lenirai joint is. 11st.
Mo. Pac. Ref. 5a 192$
Missouri Pacific 6s, 112$
Mo. Pac Gen. if. 1175
. 74
. $9 a o
.82 84
. 75 49 784
Rto Grande W. 1st 4s, 193.. 63 (34
St, L AS. F. Gen. 5s, 1937.. 864 4 894
St. L. ft 8. F. P. L. 4s, 1950.. 60 40
EL L. S. F. Adj. 6s, 1856.. 44 6
St. L. S. F. Ine. 6s I960.. 48 tj 484
S. T S. W. Inter. 5s, 1953.. 684 694
Wilson 6s. 1141 8$ 884
X. C. 8. $s. 1959 74H 75
Sea Bal 4s. 1999 7340 734
Colo. So. 44a. 1935 834(9 824
C. ft O. is 8 4 544
I. R. T. 6s 154$ 85
Chicago Stocks.
The following quotations are' furnished
by Logan & Biyan:
Armour ft Co. pfd 8941! 98
t.'udahy Packing Co. common 40 60 4
Libby, McXeil ft Libby. 10 4
Swift ft Co 1004
Swift. International 254 '
Union Carbide ft Carbon To. 528,
Hoi1 Silver.
;w Tork. April 29. Bar SUver Do-
mestlc. 994', foreign, 604c; Mexican
dohart, 4-'. ',f.
1
and Industrial News of
Omaha Grain
April 23, K21.
Cash wheat solH at Dri'TS vancilli?
1 ct tit ut to I'j cents off. No.
Lard was uncharged to a cent up
ii'J unchanged for the bulk: No. 3
hard showed a cent adva.K'e. while
No. 2 hard was 1 lb 'z cents off.
Corn was 1 1i to 2 cents lower and
oats a cent otf. Rye and haWey were
unchanged. Receipts of gram today
were light. Sale of wheal for ex
pert were place! at 600,000 bushels.
WHEAT.
No. 1 hard: 3 cars, $1.:!.
Xo. 2 hard: 1 -car - (dark, loaded ouit,
$1.8:!; 1 car, II.W; I car, $1.27; 1 car.
$l.: i; 1 ar tsmuttjl, $l.S6.
Xo. : hard: 3 ars. $1.26.
No. 6 hard: 1 car, $1.::; 1 rar. M
Sample spring: 1 car (4; 5 los., ilai k
northern), $1.0.'-
t'OHX.
Xo. 1 white: 1 tar, 60', c: I tar. 50c.
Xo. 3 white: 1 car (shippers' weights),
50o. i
xo! f yendw: i "r. mtr.
Xo! 2 "yellow: 3 cars. 60c
pes- woffl; 4,H! 1 l'"r (hiP-
Xo. 6 yellow: I car in.: rer era
ln1 4fiV,c.
No. 8 mixed: 5 cars, 46.
No. 4 mixed; 1 car, 44c.
OATS.
Xo. white: I car, 54'v
Xo. S white: 2 cars, 83
nrn.
No. 3: car, $1.1".
BARLKT.
Sample: 19-20 car, 47c.
OMAHA RECEIPTS AXD
SHIPMENTS.
Week ter
Receipts
Wheat
Corn
Oat
Rye
Barley
Shipmenta
Wheat
Corn
Oats ........
R. . , . ."
Barley
Today
. 33
. 18
Ago
Ago
2
kl
$7
10
i
48
CHICAGO CAR LOT RECEIPTS.
Week Tea
Today
Wheat !')
Corn 95
Oats '
Ago
Ago
I
22
17
74
54
KAXSAS CITT CAR LOT RECEIPTS. '
Week Tear
Today Ago Ago
Wheat 132 103 64
Corn 15 S 12
Oats 2 2 2
ST. LOUIS CAR LOT RECEIPTS.
Week Tear
Today
Wheat 91
Corn 42
Oat 21
Aro
Ago
37
50
18
62
17
13
PRIMARY RECEIPTS AXD SHIPMEXTS.
Receipts-
Today
Vcar Ago
Wheat
Corn ........
Oats
Shipments
Wheat
Corn
Oats
643,000
258,000
321,000
fils.uuu
280,000
371,000
.. 763.000
814,000
278,000
221,000
.316.000
400,000
EXPORT CLEAR AXCES.
Today Tear Ago
Wheat '. 1,302,000 24,000
Corn 172,000 ' ......
CHICAGO CLOSING PRICES.
I oc.,7 .n-ji o,
tto Doug. -6.7. April .8
By Updike Grai
Art. -I Open, t High. Low. Close. Yest'dy
Wht.
May
July
Rye
May
July '
I
I
1.254 1-27
1.04 U 1.05
1.2441 1.27 HI 1.25i
1.0341 1.054 L03
1.22i I,24i 1.22
1.2441 1.228i
.99vi .98?i
.914 .IH
.674; .64
.604; .614
.6S4j .644,
.3541 .364
.374: .274
.38 i .38
.S4 . "i I .His
Sept.
Corn
90 U
.914
.904
May
July
Sept.
. s s !
614;
:m
.S6 'i :
.37 ii
.38a.l
.48",
.614
.644!
I
.3641
.66 4
.60
.62 HI
I
.35 4
Oats
May
July
Sept.
Pork
May
July
15.60
15.90
I15.50
116.90
II 5.50
'15.90
115.60
115.90
115.76
116.00
I
I 9.52
I 9.22
I 20
! 9.52
Lard
I
May
i 9.57
I 9.97
H.67
9.97
9.40
9.82
9.47
.90:
July
Ribs
May
July
9.15
9.55
9.20
9.55
9.15
9.47
9.20
9.52
Mlnneapolls Grain.
Minneapolis, Minn., April 28. Flour--15
25c loner; in car load lots, family
patents quoted at $8.00ff 8.16 per bbl. In
98-lb. cotton sacks.
Bran $16.00.
Wheat Receipts. 127 cars, compared
with 126 cars a year ago. Cash. Xo. 1
northern $1.311.39; May, $1 19; July,
$1.1!.
Corn XTo. 8 yellow, 50fP51e.
Oats Xo 3 white, 31432 4.
Barley 4562c.
Rye Xo. 2, $1.22i 1.24i.
Flax 'o. 1, $1. 664 1.574.-
- ; r-
t. Louts Oram.
St. Louis, April 28. Wheat, May, $1.29;
Julv, $1.04. -
Corn Mas', 66c; July, 89H' '
Oats May, S7c; July, S9c. ,'
2500 Pieces Choice Aluminumware
at One Extremely Low Price
ON SALE FRIDAY
S,? Ji' rfSNesiSalsiarWy J
sL
V v " . ..s SeM BaHaag KsaiUr W AC
kf or
The nine aiuminum uten
sils most needed in up-to-date
kitchens are featured
at an uncommonly small
figure a quotation that
clearly underrates the pat
ent worth of every article.
24th and O Sts.
Ask for Greea
1
Chicago Grain
j By CHARLES D. CICHAELS.
' Tribune-Omaha Bee Leased Wlr.
I ! Chicago. . April 28. Late strength
' j )av heat. alter alt the cra-':i
. , . , . ,
markets had-. -mown weakness and
poor support, made a strong finish,
wiiu gain ui i i-ti; on ,iay hum
l-4c on lulv. The market's action
i... " : . . . . .i ,
a ui.-a'uimmuii lu niui: M mi
nave expected a weak close. Cor
and oats after being weak, rallied
'and closed at intermediate figure?.
with losses of 3-4 to 1 o-8c on corn
; and 3-8 to .5-4 cents on oats. Rye
! was wanted by the seaboard and
closed 1 to l-2c higher.
; Wheat was sold carlv on the
favorable crop, reports and the be
' li.t" io ...-,,- cntMi.rl frnm luu-nre in
1 , , .i .1 r
general. In tins they were tlisap-
j pointed, as buying by a half dozen
! houses acting for seaboard cxpor-
tcrs was good and offerings wcie
live" absorbed. . especially around
nt mots- I SI. 24 for Mav, which sent prices ! Hon must rebound to the everlasting re
: 1 t .', . , i i.i 4 aret of the countrv as a whole. Disrup-
i2 l-4c over that level and closed : ?iofnl t lrth prent facilities of grain
- . Hr nvt'r i u ipvci ami liuscju
there. Exporters want the wheat
, and paid better premiums for it at
i the gulf and at Atlantic ports, with
: over 600,00(1 bushels sold. One ex-
porter said he knew of over 500,000
bushels selling at the gulf. Xcw
i York reported Germany and Italy
1 4i,. "
in "
j May Preminms Widened.
I Leading interests sold May and bought
July wheat freely early In the day at
? nrounil 21 cents difference and latr sea-
, I board houses bought May ami sold July,
widening In May premium to SIJc.
trength in May toward the last was due
to voterts that 250.000, bushels are, to be
loaded out from here and that practically
all the stock here . has been sold to go
out. One boat Is to load 150,000' bushels
for Buffalo millers at once. This, with
the light receipts 26 cars and the con-
tinued excess showing or primary amp
raents over arri-als end large export
clearances, attracted unusual attention
at the last. Had tt not been for the
strength in May the July would have
closed lower as. pressure from eastern
traders was a -factor.
Corn was under pressure and had poor
support most of the day, but rallied after
declining over ' 2c and closed at 674
to 684 for May and 3 over that,
figure for July. May was under pressure
all day. longs selling while commission
houses and elevators Interest bought It
aud sold July.
Corn Eiports Light.
Local longs dumped their lines and a
the same time a liberal absorption was on
during the break. Export buslncsa was
light but domestic suleB Increased to
165.000 buslvels with charters for 75,000
bushels at 2c at Buffalo. Country of
ferings decreased on tho break. Arrivals
were 152 cars.
Not In th previous 31 years has so much
resecdlng of oats been reported as a re
sult of freezing temperatures, says the
Iowa Weather Crop Bulletin. This was
the basis for buying of oats by local trad
ers who sold out recently. Their pur
chases were without effect early, owing
to the weakness in wheat, but- counted a
little later.
? 'ine close was at nearly ine top. lioh
' prices were off 1 to 2c. with shipping
j gleg m 000 bushels an,j arrvals S5 .ars.
Active buying of May rye by seaboaru
exporters who have sold .IJO.OOO bushels
' ttvA -naKt few rinvs. sent, rjricea ud 24c
after an early break and closed them at
the top.
Pitt Notes.
Shorts In May wheat are apparently
in bad. There is only 93,000 bushels con
tract wheat in store here. Unices prices
advance to a level where wheat can be
attracted from other markets the chances
for the shorts are poor. The Armour In
terests have had May wheat bought and
July, sold and for several das a hav sold
May and bought July. jiany iraoers
have sold May and bought July expect -
lng that It would weaken, but instead
cash prices here advanced while those ill
1 the soutnivesc declined.
1 Tarders are mixed on July wheat, many
regarding it as low enough and are
buying on breaUX while oats are selling
on all bulges. Selling today proved too
strong for the market to show much
strength. ' The one feature of the ex
port business is that it is apparently
easily satisfied.
E. A. Boerner of Stein. Alsteln &
Co., says: "A very depressing influence
that has weighed heavily on the market
and effectually checked a return of
optimism to the trade is the contemplated
legislative interference with grain ex
changes. Coming at a time when con
fidence is so mucl? neoded, it has c apped
the climax of a series of depressing in
fluences. While the big thinking, sincere
minded men of this country are working
with all .their might and main on the
creat problems of reconstruction that the
country faces as a result of the economic
i upheaval caused by the world war, re-
formers and theorists are seemingly at
work to make such an adjustment- to
normalcy as difficult as It possibly can
I be. To Interfere with the present sys-
Item of marketing at this time strikes one
'as monumental folly and any adverse ac-
SALE STARTS AT 9 A.
Sis
Qsart Cevernt
Saoeo FaaJ
1 9
Trading Stamps They are Giren
the Day
' -
Bonds and Notes
j The following quotations furnished by
the Omaha Trusi company: Apprex.
Tlald
Trt.
7.80
7 SO
10
7 58
8 18
7.73
7.55
7. 74
8 68
. 7.00
805
8. SO
7..5
8.0
9 10
7.75
7 90
7.10
95
8.59
8 06
i .. . , ... ...
Price.
.7 7H
. . S6'
. . 34
88
.. M
.. 7'-j
.. '.
. . 8,
.. 5s
.. S9
I r. t. iv ! w'u
Anaconda 7s. IS'9..
Armour 7s. in
j j1, "ovV Vi,s'i45.'
Bethlehem S1el 7s ts;
K.'l't,11!",. '..V' Ji'i'
British fc'ts, Ti2
I British 9
129.
British 5is. is::
C ('. C. St. 11. lis, 19:8..,. 87',
Christiana Ss. 1945..... . . 9
t.'udahy Tark.ng t'o. 7s, 3823.. 8i
Denmark 8s. 1915 99'v
Kronen Oovt. Ss. 1845 Ms
B. K. Clooilrlrh 7s 195 90 , .
Japanese Govt. 1st, 4ti. 19:i 83
Japanese (iovt. 4s. 1831... 's
Morris & Co. 7,s. 19u0 8U
Xorwav Ss, 1940 1004
X W. Kll Tel. .'0. 7s. 1941.. 98',
X. T. Central 7s. 1910 100S
l'enn. ft. 11. t'o. 7s, 19;;0 101'i
!. W. Bell Tel. Co. 7s. Uii... 96 'a
Swedish Ciovt. s 19;;
Swift Co. 7s, 19?;.
Swiss Govt. 8s. 194
I. S. Rubber 7'is, 3930
Westlnghousa Klec. s. 18:11.
, 83
. 96
.10:!t
. 99
. 99 i
7 90
7.S0
7.75
7.04
: . ... .w- ..mti v.in
.lull ii uir f,inTiiii. i.iiimwi v.
mmlliiiir will, in effect, throw the grain
business into that same chaos that has
surrounded other basic commodities for
some ttnle past. U is to be hoped for
li e good of the country lhat the cooler and
wiser heads will prevail."
Kansac City wires: "State board of
agriculture report says Tvansas farmers
had in their bins April H. approximately
o- C.t A (I l.,aV.lu ,. ..h..t M 18 4 TiT
i.nnt of lat vrar'i iron: S3.25S.000 bushels
i"; --. . -,. : T '.,, ,,,0flA .,,. or
I 34.8 per cent. While there is more wheat
I on the farms now than a year ago y
1 3. OOP. 000 bushels, the quantity In mills snfl
! ,. levators is very much less and tho total
Kansas supply of old wheat probably
i under t vear's at a similar . date,
bv 8.000.0OO to 10.000.000 bushels. Last
vear's production of wheat amounted to
140,641,175 bushels or 5,154.000 bushels
less than in 1919.
Receipts of wheat at .Minneapolis were
... ... .-.-...,- ,- - n-i..iH.. let
125 cars; Eniluth, 6j cars: Winnipeg, in
cars.
A. T. Martin says: "The mam support
in wheat seems to be coming from ft
few local traders, with general buying
power wanting. Seaboard advises say
that some of tho cables of the United
Kingdom today are very bearish on con
ditions over there."
Kansas City (jraln
Kansas City April 2S. Wheat. May,
$1,184: July, 97'ic
Corn Jlay 60c; July, 544c; Septem
ber, 67 Uc. '
ew Toik Cotton.
Xew Tork. April 28. Firmer Liverpool
cables and reports of better prospects for
a settlement of the British coal strike
appeared to overshadow increasing uncer
tain! v as to nn agreement on war repaxa.
tions in the Xew York cotton market. The
opening was steady at an advance of 7
610 points, with May selling at 12.21c
and July 12.73c, but there was scattered
southern selling.
On less favorable reparations prospects
and small orders from the sonth. prices
cased to 1 to 5 points net lower around
midday.
The market was quid in the afternson,
ruling within 3 or 4 points either way of
last night's closing quotations.
' Omaha Bay Market
Xo. 1 Upland Prairie Hay $V2.001!.0
Xo. 2 Upland Prairie Hay .... 0.00rll.00
Xo. 3 Upland Prairie Hay 7.00tJ S.6
Xo.'l Midland Prairie Hay.. 11.008J12.JO
Xo. 2 Midland Prairie Hay.. 8.J0 M0
Xo. 1 Lowland I'rairie Hay .. 8.50(9 1.(9
Xo. 2 Lowland Prairie Hay.. 7.004 t.tV
Choice Alfalfa 21.0028.00
Xo. 1 Alfalfa 18.0020.00
Standard Alfalfa 14.0017.5
Xo. 2 Alfalfa. S.60S11.0
Xo. 3 Alfalfa 7.00 8.00
Oat Straw 8.00 1 .0
Wheat Straw 7.600 $.0
w York (orb Stocks.
The following quotations are furnished
- j by ii0j,B Bryan:
Boston Wyoming
..15-16
.. 1(P
.. ue
.. 4
. . m e
Cresson Gold
Cosden Oil ..
Elk Basin . .
Federal Oil .
Ulenroek Oil
Sit
ifl
1
Merrlt Oil . 12 tt 13&
Midwest Refining Co M2 4J148
Sapulpa Oil .'.. 44 4Vi
Simms Petroleum ......be 9 W 4
U. S. Steamship ''V H 9 11-1
IJberty Boss! Vtleos.
Xew Vork, April 28. Liberty bonds at
noon' 34s. S8.26: first 4s, 86.74; second
4s 8G.76 bid; first 44s. 87.20; second,
4Hs, 86 94; third 4Us, 90.44; fourth 4H,
87.06; Victory S, 97 54; Victory 4H.
97.54.
Liberty bonds, closed: 34s. 88.60; first
4s. 87.00: second 4s. 80.70; first 44s
87.28! second 44s, 87.04; third 4i,
90.S8; fourth 44s. 87.12; Victory 3H,
97.64: Victory 4js. 97.60.
Evaporated Apples and Dried Fruits.
N'ew Tork, April 28, Evaporated Aj
ples Market quiet and firm.
Prjmes and Apricots Firm.
Peaches Steady.
Raisins Quiet.
M.
Qaart reeervsi Kertly r
Experienced homemakers
will welcome .this oppor
tunity to secure for little
money kitchen ware of pure
aluminum, . desirable be
cause they are remarkably
durable, light weight, and
easy to keep clean. Brides-to-be
will appreciate a com
plete set as a gift.
South Omaha
With Each Purchase
South Side
Man Knocked to Pavement
When Hit by Motorcycle
While crossing the street at Thir
tieth and L streets at 6 'Wednesday
evening John Koutol, Thirty-first and
K streets, was knocked to the pave
ment bv a motorcycle driven by
Oscar Gabriel, 4610 South Forty
seventh street. The injured man was
picked, up by Gabriel and Federal
Judge J. V. W'oodrough, who hap
pened to be passing. He was taken
to South Side General hospital,
where he was found to be suffering a
fractured arm and lacerated upper
lip.
South Side Brevities
THW ZAGER OARAOE for rent. SOth
and y Sts. Telephone So. 2J82. Adv.
For Sale Fresh Jersey cow. tested. L. O.
Letters. Pspilllon. Tel. Spruce 1803. Adv.
T6 let. Mav 1. store room, 4T08 S. 24th
St., In one of the best retail locations
on South Side. Rent reasonable. Al L.
Berqutst. Adv.
The drill team under the auspices of
Magic City council. S7 Security lleneflt
association, will hold a card party and
social Monday evening at the Eagle hall,
Twenty-third and X streets. Vsluable
jirlies will be awarded. .Music will be
furnished by Connie Schoessler's orchestra.
New 'ork Coffee.
Xew York. April 28. The market for
t-olfee futures was easier today. Traders
found no special incentive in the Brazilian
cables but the European news was con
sidered less favorable, while there was
some further May liquidation and after
evening 2 to 4 points lower, active months
sold some 13 to 15 points bolow last night's
closing figures in the late trading. A good
part of the pressure seemed to come from
Wall street sources and was supposed to
represent liquidation. July sold oft to
5.980 and September to 6.37c with the
floss showing a net decline ot 13 to 17
points. May 5 0c; July 5 7o; September
6.37c; October 6.53; December 6. Soo; Jan
uary 6.97c; March 7.17;
Spot coffee quiet; Rio 7s 64Cc; Santos
4s 8iD94e.
Foreign Exchange Rates.
Following are today's rates of exchange
as compared with the par valuation. Fur-
uisnea oy tne reiers .National nan
'ar vainai'tin
Today
.0029
.076
.01 10
.1800
3.95
.0700
.0160
.0625
,0486
.0078
.1570
.i15
.2310
.1745
.8925
Austria i
Belgium
Czeuho-SIovak.a
Denmark
England
France
tlermanv
.30
.195
4 86
.193
.238
.193
.195
Greece . . '.
Italy
Jugo-Slavia ....
Norway
Poland ; . .
Sweden
Switzerland ....
Canada ........
.195
1.00
New York Produce.
Xew Tork, April 28. Butter Sieadier;
creamery, higher than extras, 384 39c;
creamery extras, 38c: firsts. 34374c.
Eggs Weak; fresh gathered extra
firsts, 37 4 28 4c: firsts, 26427c.
Cheese Weak, unchanged.
Live Poultry Easy; broilers. 40SiS0e;
fowls, 27S2c; roosters, 131914c.
Dresttd Poultry Steady; western chick
ens, boxes, iOgiOc.
Kansas City Produce.
Kansas City April 28. Butter and
Eggs Unchanged.
Poultry Hens. 1c higher, 23e; broilers
and roosters, unchanged.
In Our Shoe Dept.
Sale of Tennis Shoes,
Oxfords and Slippers
Hundreds of pairs to select from, in black, brown,
or white, in shoe style, oxfords or slippers for
Men, Women
or Children,
your choice-
24th and O Sts.
Ask lor jjtfqrtm Trading Sura
ARE YOU SATISFIED h
high relief all the vital, personal and economic factors that deter
mine profit for business.
RICHARDS AUDIT COMPANY
A National ana Highly Trainee Organization
PUBLIC ACCOUNTANTS AND AUDITORSINDUSTRIAL
ENGINEERS INCOME TAX . SPECIALISTS. ,
Detroit, New York, Chicago, Minneapolis, Omaha,
. St. Louis, 'Tulsa, Flint, Saginaw, Windsor.
W. M. TREGO, Resident Mgr. 705 W. O. W. Blag. Phone Tyler S601
i n
UPDIKE GRAIN
COMPANY
Operating large, up-todate Terminal Ele- '
vators in the Omaha and Milwaukee mar
kets, are in a position to handle your ship. ' .
menu in tho best possible manner L .,
cleaning, transferring, storing, etc
MEMBERS
Chicago Bears! of Trade
Mitwaahee Chamber ef Com
merce) Minneapolis Chamber ef
Commerce
St. Lonis Merchants Ei
change Kansas City Board ef Trade
Siena City Board ef Trade
Omaha Grain Exchange
It will pay ya u get in Uuch with one of our of fleae
whet, wanting Its BUY or SELL any land ef grain.
WE SOLICIT YOUR
Consignments of All Kinds of Grain
to OMAHA, CHICAGO, MILWAUKEE,
KANSAS CrnT and SIOUX CITY
Every Car Receives Careful Personal Attention
The Updike Grain Company
THE MUJABLX CONSIGNMENT HOUSt.
waauati
!Rerrp Hunks' Resources
r.xueotl $3,000,000,004
i ' Washington, April 28.- Combined
'resource and liabilities of the 1
j federal reserve banks at the close of
husiriess April 27 were reported to-
i night by federal reserve board in
thousands of dollars as follows:
ttesourres.
old snd gold certificates.. $3
old settlement lund, V. R. Hoard
$483,219
Hold with fnrolgn agencies, blank
Total gold Wld by hanUj. $S3.I5.
Hold with federal rrsere agents, $t,
517.R68.
Hold redemption Timrt. 118, 544.
Total gold reserves, $2,81i.i69.
Legal tender notes, silver, etc.. 1187.191.
Total reserves. $3,504,76,1, ,
Rilla discounted.
Secured by l ulled State, government
obligations. $920,637.
All others. $1,141,202.
Hills bought In open market, 8 103,609.
Total bills on hand. $2,167.34.
United States government bonds. $2S,I90
Uhlted States Victory nnli-s, 8IH.000.
United Stales certificates of indebted
Bess:
One year certificates ' (rittman art),
$;s.375.
All other, $2,704.
Total earning ascts. $2,435,1 40.
Hank premises, J -1 . v J 2
Five per cent redemption fund agalnM
V. R. bank notes. $11.3:19
Uncollected item. $519,828
All other resources, $1.1. 51$.
Total resources. $5.5o4.4in.
. Liabilities.
Capital paid In. '101,235.
Surplus. $208,063.
Deposits-. '
Uovornmeni deposits. $36.87
Due to members. rrerve
856.718.
other deposits, IikIikIIiik
account, II,.
foreign gov
ernment credits, 833.309,
Tolsl deposits. $l,125.s9
F. R. bank notes In circulation, net l(s
830.1 18.
F R bank notes In circulation, net 1IA4
bllitles. $1511,249.
Deferred availability Items. $430,700.
All other liabilities. 85ti.!48.
Total liabilities. $5,504,450.
Ratio of total reverves 10 deposits and
F. R. nolo liabilities combined 66.0 per
cent.
Ratio of gold reserves io F. R. notes in
circulation after setting s.side. 85 per rent
against deposit linbllitus 67.2 per cent.
TO EUROPE
By the Picturesque
St. Lawrence River Route
I MAKE RESERVATIONS NOW!
Sailings Every Few Days
From
Montreal and Quebec
Liverpool, Southampton
Glasgow, Havre, Antwerp
Ocean Trip Shortened hy ,
Two Delightful Days on
The Sheltered River snd Gulf
Apply to Agents Evsrywhere or
40 North Dearborn Street
Chicago, 111.
CANADIAN PACIFIC RAILWAY
Traffic Agents
South Omaha
They ars area With fcach Purchase.
With the' Public Accounting- Service being; ren
dered you?
An audit made by the Richards Audit Co., fo
cuses the client's attention on what the figures
SAY as well as what they are. It brings into
OFFICES AT
OMAHA. NEB.
LINCOLN, NEB.
HASTINGS, NEB. , ,
CHICAGO, ILL.
SIOUX CITY, I A.
iHOLDREGE, NEB.
GENEVA. NEB.
DES MOINES, IA. . "
MILWAUKEE. WIS. '
HAMBURG. I A. - ,
KANSAS CITY, MO.
Al of tsess eases, ereest Kaase, fits
ars aesseitsS wlNt ease eSser
or ef into aire.