1HU Kth: OMAHA, TUESDAY, MAY S. 1921.
11
a
Prosperity for j
World at Hand. I
Schwab Believes;
Noted Steel Manufacturer Says
Depression Cannot Leave
U. SM However, Until
Other Nations Normal.
By HOLLAND.
A. C. Bedford is quoted as having
said to the representative of Amer
ican business interests, who gathered
at a convention at Atlantic City last
week, that he is convinced the wave
of depression is now receding and the
flood tide of prosperity is beginning.
Mr. Bedford is qualified perhaps as
well as any man in the United States
to form an accurate judgment upon
industrial, commercial and financial
conditions. As chairman of the
board of the Standard Oil company
of New Jersey he is brought into
Iaily touch with all parts of the
world. Competent representatives of
this company are stationed in the
great market places in the world and
it is a part of their duty to send re
ports faithfully setting forth com
mercial conditions to .Mr. Bedford
and his associates.
As representative of the United
States Chamber of Commerce Mr.
Bedford was in Europe several
months in the late summer and all
of the autumn of last year. He had
)) (H tunity to meet face to face the
M; V smeii of Great Britain, France,
Italy and other nations and to obtain
uieir views. He also met those who
uc masters ,in the financial and
onimeicial world. Therefore when
Mr. Bedford ventured to say that the
Wave of depression has ended and the
flood tide of prosperity is beginning
Ins remarks should have great
weight with all who are giving
thought to present day conditions.
Schawu Also Optimistic.
Mr. Bedford however, is not the only
leader who confesses that he is an op
timist. Ho standi squarely shoulder to
shoulder with Charles M. Sohawb in cor
dial Vitrecment. Mr. Sehawb has become
almost as effective a speaker as he has
Ivcn masterful in great business under
taMngs. Not any of the speeches he has
delivered slnre the armistice, was signed
una In the minor key. Yet he did not
it any time mlstnke the conditions which
,yv at the momt.'nt prcvHllIng when he
spoke. However, ho looked beyond them
all and saw the Misrns of promise. Per
hhps at no time lias he done this better
than In the address which he delivered at
1'ie special meeting of the Chamber of
Commerce of the state of New Tork which
iaa held ft few days ago. The members
f tills oriranlution wore persuaded that
lothlng could be more appropriate than
k formal reiuffnltlon by this body of the
lervlces which Mr. Pohwab pave volun
tarily and without any other remunera
tion than tbe sense which accompanies
sood service while the world war was in
: ro gross.
Nrhnan and Bedford.
These two mon now stand level, not
ilffering- In the views which each holds
respi-ctlns present day conditions. Mr.
Bedford says that the wave of depression
Is recdine;. Mr. Schwab told the members
nf the Chamber of Commerce that it is
tmnosMhlo for him to be anything but an
optimist. He is an optimist although he
reeotfniaes that this is one of the most
critical times in the world's history. Within
the next few months the crisis will in his
view have passed. For before frost conies
decisions will be made and actions taken
from, which It Is probable there will follow
tho greatest prosperity the world has
ever known.
Mr. Schwab does not confine the prosper
ity to the United States. He believes that a
norld-wldn prosperity is at hand. He be
devs that real and permanent prosperity
fannot be the good fortune of the United
States nnless prosperity prevails every
where. He finds opportunity at hand and
Is convinced that In due time the world
will grasp this opportunity, and for that
reason he looks forward to use his own
words "to a future which is full of bril
liance and abundance."
the remarkable efficiency which France
Perhaps the most important suggestions
tnade by Mr. Schwab as be replied to the
tddress of recognition for his war services
-cfers to the information he has secured
espeett7g Germany. He does not refr
:o reparstlons or indemnity, but he did
bservc that Ciermany has gone back to
ivork as no other nation in Europe has
Jone.
This was thought to be putting the
nidation in a different light from that
in which It has been viewed in this
?nuntry. For much has been paid about
lie- remarkablbe efficiency which France
s- showing in recovering her industrial
tnd agricultural life and also in the galna
vlih-ii she is making .in foreign trade.
5o also many reports have reached the
1'niied States of the rapid recovery Oreat
Rrltuin is making, so rapid in fact that
:he chancellor of the exchequer announces
that now her receipts are In exress of
her expenditures. Italy too. is growing
strong ad Belgium's recovery has been
xlmost mavelous.
But Mr. Schwab says and he speak; not
!rom hearaav, but from personal observa
tion that the people in Germany who
nork are practicing economy, are making
ven greater sacrifices than they did
vhen the war was in progress and are
larnestly engaged in production.
German Products Cheaper.
As a result Germany is now able to
Manufacture certain products at less cost
:)tan they can be manufactured in Eng
and. In fact Germany can put a ton
f steel into England for 20. which is
cheaper than It costs England to make
.tec I. Germany is selling pneumatic tools
n Detroit and she is able to accomplish
Jils because her labor costs are cheaper.
iVhst labor costs mean in this country
Sir. Schwab Illustrated by stating that for
merly the corporation with which he is
' dentified was able to sell pig-iron at
114 a ton and gain a reasonable profit.
Now the total freight ratea upon a ton
t pig-iron is $14 and the chief part of
this Increase can be traced to the high
rages which prevail upon the American
railroad:-.
Mr. Schwab asked a very significant
juestlons which answer goes to the very
roots or our industrial lire, f or no asaea,
"Ts It possible that after having won the
war, we of the allied nations, with every
thing favorable In our hands, will allow
Germany to win the peace through the
efforts of her labor T Mr. Schwab has
always been a friend of labor. In his
early life he worked with his hands and
could do so now If it were necessary.
He has always maintained that the wage
earners are entitled to a high standard
of living, but these wage earners should
learn that wages are not gifts and that
the world's wage bill cannot be paid unless
It is earned by labor a a whole. Fre
quently the comment Is made that there
should be a living wage for the Individual.
But Mr. S.-hwab says that the community
itself must first be allowed to live.
Kansas City Uve Stock.
Kansas City. May J. (U. S. Bureau of
ji'arketsl Cattle Receipts. 10,500 head;
beef steers, fat she stock and feeders
generally tSc higher; top steers, 18.50;
best yearlings, 14.35; good feeders, $7.!5
7.C0; best cows, l&SO: good heifers, 17.00
7.50; calves and stockers, S550o higher:
best vealers, s.25$.50; cannera and bulla,
atrong; bulk cannera. $!.0.
Hogs Receipts, 16,000 head: active.
10 J5c lower; mostly 15910c lower; best
lights to shippers. $8.10; bulk of sales,
$T.50iffS.00; packing aowa and pigs, steady;
choice fat pigs. 18.75.
Sheep Receipts, 750 head; aheep strong,
JSC higher: Texas wethers, $6.75; lamba
S5950C higher: top, $10.80; light wooled
iambs. $10.JO10.80; spring lamba. $12.50
Texaa goats, 1.10.
Sioux CltT IJve Stork.
Sioux Cltv. la.. May I. Cattle Re
ceipts, 1.200 bead: market strong. Sac
higher; fed steers and yearlings, is.ontjs
g.JS: fat cows and heifers. $4.0087.85;
ranners. Jl.oOS.50; veals. H.OOJts.to;
feeders, $6.0067.85; calves. $4.(0f.!5;
feeding rows and heifers, $4.05 5.25;
stockers, $5.00 J4.S0.
Mors Receints. 400 head: market.
shippers steady to higher; packers steady
to weak; light. 8T.50ei.SI; mixed. $7,809
7.45: heavy, $7.00 07.80; bulk of sates.
JI.1ST.&U.
Sheep Receipts, $5.00; market steady.
r hlcage Produce.
. Chicago, May 8. Butter Lower; erearc
n extras. 80c; stsndards. 80c.
Eggs Unchanged; receipts. 48.780 cases;
firsts. IlVte'-fl ordinary nrsis, issisc
at mark, cases included, $0O$le.
Poultry Alive. higher; fowls. SJc;
Voilers, 65 9 6tc.
Kansas City Produce.
K ass as City. Mo.. May S. Eggs First
lc higher. 19c; seconds, unchanged. 14o,
ButterCreamery 5c lower, 85c. Pack
lng nnrhanred, 13c.
Poultry Unchanged; hens, 3Sc; broilers,
Oi0; roosters, tc
THE GUMPS
r rw . c s ii.oiiiii, nj
MM A LETTE FfcOM
UNCLE E.rtMf TH
THIS VMMi?.- VS
Live Stock
May 2.
Receipts were: Cattle Hogs Sheep
Monday estimate 3,600 9,000 6,200
Same day last week . . . .8.827 iu.au s.ins
Same day S wks. ago.... 8,155 8.140 14.413
Same day 3 wks. ago... 4. 371 9,459 23,487
Same day year ago. ... .8.613 16,050 4,295
Receipts and disposition of live stock
at the Union Stock yards, Omaha, Neb.,
for 24 hours ending at 3 o ciock p. m.,
May 2, 1931:
RECEIPTS CARS.
Horses
and
Cattl e.Hogs. Shp.M Is.
C M. A St. P 3 7
Missouri Pacific 1
Union Pacific 84 17 14 ...
C. & X. W., . east.... S 1
C & S. W.. west 88 61 1 ...
C, Ht. P., M. A 0 8 22 1 ...
O., U. & Q, west 68 30 $ ...
C, R. I. & P.. east 4
C. R. I. 4 P., west.... e 1
Illinois Central 4
Total receipts 148 ISO 84 1
DISPOSITION HEAD
Cattle. Hogs. Sheen.
k
I Ir , 1
Morris & Co 8,589 1,131 445
Swift & Co 655 1,510 1,546
Cudahy Packing Co.... 653 l.5 1,63
Armour & Co 760 1.974 951
J. W. Murphy 879
Lincoln Packing Co 63
So. Omaha Pkg. Co.... 18
Hlggius Packing Co.... 17
Hoffman Bros 17
John Roth & Sons 91
Wllnon & Co.. 180
W. JB. Van flant & Co. . 5
Do'ld Packing Co 414 1,024
F. P. Lewis 20
J. B. Root & Co 24
J. 11. Bulla 49
Rosenstock Bros 69
P. G. Kellogg 18
Werthelmer & Degon . . 95
Ulassberg 83
Sullivan Bros 2
Mo.-Kan. C. & C. Co 87
E O.. Christie 4t
Holllday 13
John Harvey 420
Jensen & Lundgren. . . . 1
Kennis & Francis 20
Cheek & Krebs 2
Midwest Packing Co.. 7
Cudahy from Sioux Falls .... 1.090
Sinclair Packing Co.... 17
Other Buyers 704 287
Total 4,95! 9,460 5,89s
Cattle Receipts of cattle. 3,600 head,
were less than half as large as on last
Monday and there was a very decided re
action in the general market. Quality was
not particularly attractive hut demand
was good and bids and sales ranged from
strong to 1525a higher than the close of
last week. This applied to cows and
heifers as well as to beef steers. Beet
cattle on sale sold around $7.7508.00 and
or. up. Stockers and feeders were in
limited supply and demand and generally
strong.
Quotations on Cattle Choice to prime
beeves, $7.758.00: good to choice beeves,
$7.2567.65; fair to good beeves, $0.75
7.26; common to fair beeves, $6.35tf6.76;
good to choice yearlings. 17. 60 ft 8.00; fair
to good yearlings, JT.OOT,50; common to
fair yearlings, $6.000.76; choice to prime
heifers. 7.007.50; good to choice heifers,
$5.766.75; choice to prime cows, $6,400
.75: good to choice cows, $5.7606.40; fair
to good cows. 85.00$ 6.75: common to fair
cows, $2.004.25; good to choice feeders,
$7.007.50; fair to good feeders, 16.25
7.00; common to fair feeders, $5.6096.00;
good to choice stockers. $6.75 & 7.26; fair
to good stockers. 88.O04i6.T6: common to
fair stockers, $4.60'36.00; stock heifers,
14.50 0.00; stock cows, $3.755.00; stock
calves, $5.00(817.25; veal calves, $5.00
9.25; bulls, stags, etc., $4.5007.00.
BEEF STEERS.
Av. TVt. Pr. Av. Wt. Pr.
7 814 $ 690 17 J19S $7 JO
13 1)10 7 85 34. .....1033 7 SJ
48 1166 7 60 , 27 1180 1 60
23 1816 7 60 18 1469 7 65
19 .1364 7 70 37 1177 7 86
11 1543 7 90 81 186T S $5
STEERS AND HEIFERS.
20 00 7 30 13 1267 7 40
87 1014 7 V
YEARLINGS.
24 718 7 60 28 654 7 0
27 721 7 65
COWS,
12 471 4 60 9 987 6 35
10 1012 5 60 11 1074 l
16 1136 65 ' 6 1263 ( 85
COWS AND HEIFERS.
21 1079 7 00
HEIFERS.
82 565 4 76 7. 1084 75
26 811 7 30
STOCKERS AND FEEDERS.
8 498 6 60 15 662 7 00
27 1017 7 20 19 82$ 7 30
BULLS.
1......12I0 6 10
CALVES.
10 447 60 78 417 7 00
33 319 7 26 25 286 8 60
16 147 8 75 3 196 9 )0
2 160 t 26
Hogs The week opens os,t with a fair
Monday run of hogs, about 9,200 -head
showing up. About 1,000 head of this es
timate were billed direct to packers and
demand for the remainder of the receipts
was fairly active at prices steady to 16c
lower. Most of the hogs sold at figures
not far from a dime lower. Best light
hogs made a top of $7.75 and bulk of the
receipts moved at $7,007.50.
HOGS.
No. Av. Sh. Pr. No. Av. Sh. Pr.
49. .415 ... $6 60 61. .321 190 $7 09
58. .872 150 7 15 69. .297 ... 7 20
71. .869 110 7 25 60. .277 80 7 80
76. .254 .. 7 35 65. .25$ 40 I 40
87. .155 ... 7 60 81. .209 ... ' 1 65
76. .215 ... 7 60 80. .177 ... 7 65
85. .173 ... 7 75
Sheep Something like 6,200 sheep and
lambs were received today, this estimate
Including nine loads of California spring
ers. Fat sheep were very scarce. Packers
all wanted a tew lambs and most of the
offerings sold at small advances with
trade quoted strong to a quarter higher.
Best wooled lambs moved around $10.75,
with good shorn lamba selling up to $9.85.
The trade id feeders and shearers was
nominally steady.
Quotations on sheep: Best fat lambs,
$10.40010.76; medium to good lambs.
$10.00910.36; plain and heavy lambs. $8.75
09.76; shorn lambs, $8.6O09v85; good to
choice ewes. $6.7507.35; fait" to good
ewes, $6.0006.50; cull ewes. $2.5008.50,
SHORN LAMBS.
No. -wt Price.
266 feeders 81 $9 85
FAT LAMBS.
97 t 50
Chicago IJve Stock.
Chicago, May 3. Cattle receipts 16,000;
mostly 25c higher; spots up more; top
yearlings $9.60; top heavy steers $8.80;
bulk beef steers $7.7608.50; bulk fat she
stock $5.5007.00; bulls largely $5,500
.25: veal calves 50c higher; bulk vealers
$8.7509.26. Blockers and feeders un
changed. Hogs: Receplts 45.000; steady to 15c
lower averaging mostly lOo lower than
Saturday's average. Closing at day' best
level. Light holdover. Top $8.60; bulk
$$.0008.40; pigs 35c to 60c lower.
Sheep and Lambs: Receplta 25,000;
steady to ' 25c lower; mostly steady.
Wooled lamb top $10.90; some held higher
at noon. Bulk wooled lambs $10 00 0
10.75; shorn top $10.25; bulk $9.2509.90;
good 95 pound shorn yearlings and awes
$8.90; fw aheep here, about steady.
St. Joseph Wve Stock.
St- Joseph, Mo., May 3. Hogs Re
celpts. 6,040 head: steady to 16a lower
top. 38.10: bulk, $7.6008.00.
Cattle Receipts, 2,590 head; steady to
higher: steers. 17.0091.9; rows ana
he.rt-rs. t4 0U(.25: calves, ij.oo J! s.oo.
Sheep Receipts. 6.600 hesd: lambs. 60e
higher. Lamba. $10.00611.96; ewes, $6,160
1
-
f VNCIE EPHRAIM- Qlt ENCYcioPAEt
MofcHlNCj -
M
Hfc WC EVtfc
a uytle
Ht AD THE
LAKE KAtSEt
Z INCHES-
Market, Financial and Industrial News of the Day
I Chicago Grain
By CHARLES D. MICHAELS.
Chicago Tribune-Omaha Bee Leased Wire.
Chicago, May 2. Higher prices
were made for all grains today but
the best figures were not held owing
to realizing sales, although the finish
was at net gains of lJ43;4c on
wheat, 113-4C on corn, 243c on
rye, oats were fc high to z lower
the latter on July.
A great deal of the news was con
structive and the buying largely by
the sellers of last week. Statistics
were more favorable to holders and
the selling pressure a good part of
the day was light. In the last hour
offering increased which took the
edge off the markets.
The strong cash wheat position, indicat
ed by the absence of deliveries on May
contracts In all markets, had a great deal
to do with ahaplng sentiments more favor
able to the buying side. By the decrease
of 3,066.000 bushels lit the visible supply,
bringing It down to 13,446,000 bushels
compared with 42.784,000 bushels last year.
Chicago .stocks are only 669.000 bushels,
an increase of 30,000 bushels for the week
compared with 7,633,000 bushels last
year.
Wheat Stocki Decrease.
The movemeut in the southwest showed
no increase as compared with a year ago
and stocks there continue to aecrease,
Kansas City having only 877,000 bushels,
showing that the bulk of the stock there
Is passing through for export to the gulf.
Crop reports were on the whole favor
ahle. although advices from Texas and
southern Kansas Indicate losses, southern
Kansas aloue showing 6 per cent damage
according to the Santa Fo report;
The heavy selling toward the last was
by Themson McKlnnon, Clement Curtis and
Wagner vhlch was responsible for tho
recession of 1 jer cent from the top. .May
wheat at the higher point was up 4Hc
over Saturday's close, touching 1.36 VjC
while July was up 3c to i.ioc. May sell
ing at the best figure In a month.
Corn stocks are decreasing faster than a
large majority of the trade expected. The
reduction In the visible last week was
5.149.000 bushels bringing It down to 23.-
018,000 bushels, while Chicago stocks have
been cut down over 6,000,000 bushels of
late and are 8,912.000 bushels In store, a
loss of 2,664.000 bushels for the week, with
a good gerceiitage of the stock here sold
to go out. Shipping sales in all positions
were 203,000 bushels with the domestic de
mand improving and charters were for
60,000 bushels. Receipts. 268 cars. I.ocal
traders were forced to cover onthe, bulge,
but a few of them reinstated their linen
later. Corn planting has been delayed in
the southwest by rains.
Oats Well Taken.
Deliveries of around 5.000.000 bushels
cash oats were made on May contracts in
all markets. Including 8.320,000 bushels
at Chicago. The grain was well taken
and the May gained jc on the July eleva
tor people being active buyers of May and
sellers of July at 2'i to 2c difference.
Commission houses were heavy buyers of
July and sellers of September at ltfc dif
ference. Houses with Omaha connections
sold July freely while local operatora were
neavy Duyers or BepremDer.
Rye was bought by houses with sea
board connections who took May and July
and advanced the former to 1.32ic, where
it ciuseu, wnne juiy movea tip to
1.05'ic The visible is down to 1.441,000
bushels, while last year it waa 15,660,000
bushels. Receipts, 4 cars.
Pit Notes.
There has been a heavy covering move
ment on in grains and a more friendly
feeling toward the constructive side. It is
the belief that the markets are scoring
for a higher range unlss something un
foreseen develops within the next few
days. At the same time there has been
heavy covering by the short Interest and
heavy profit taking sales by holders who
have waited for an advance to get out
after following the market down during
the recent break of over 16 centa in May
wheat.
Those who are close to tho legislative
situation say that unless tho friends of
the grain trade get to work harder than
they ever have before, the grain exchanges
will suffer materially. It haa been ar
ranged at Washington to make numerous
changes In trading regulations Including
the elimination of the Indemnities and
policing operations. It Is understood that
these regulations are to be put into force
In the very near future. The situation Is
the most critical the grain trade has
ever experienced. The cash end of the
grain trade la far more Important than
that of futures and la of larger volume In
the aggregate. Anything that disturbs
the cash grain trade la reflected In tho
business conditions throughout the coun-
Receipts or Wheat.
Receipts of wheat at Minneapolis were
213 cars; Duluth 60 can; Winnipeg re
ceipts 87 -ars.
The Bnow-Bartlett-Franzier drop re
port shows an abandonment of e wheat
acreage of 2.1 per cent or 877,000 acres.
Very little of this represents winter kill
ing, which Is the smallest in many years.
Of the abandonment 414 000 acres Is in
Kansas, the result of dry . weather last
fall and high winds this Spring; 92,000
acres in Texas, representing green bug loss
and practically the only material loss re
sulting anywhere from that enemy.
P. S. Goodman of clement Curtis ana
company says:
"Unfavorable wsatner set nacK ine con
dition of winter wheat during the past
month, and heaviest losses being in
westorn Kansas and adjacent region and
In Texas, where some damage by green
bug Is reported. Abandoned acreage was
4.8, largely In the above territory.
The average condition on our reports Is
90.1 versus 98.8 last month, and 91 on the
government reports,
CHICAGO CLOSING PRICES
By Updike Grain Co, Doug. 2627. May 3.
Art! I Open. High. Low. Close. I Sat.
Wht
May 1.32 1.254 1.82 1.84 1.814
July 1.08 1.10 1.08 1.094 1.08
Rye
May 1.204 18 1.204 1-81T4 1.89
July 1.03 1.05 1.03 1.05 1.02
Sep. .9$ .96 .9$ .94 .924
Corn I I
May .57 .69 .57 .58 .574
July ,tl .624 .91 .
Sep. .644 .694 .62 .64 .634
Oats
May .354 .884 .354 .854 .254
July .38 .384 .374 .374 -$9
Sep. .38 4 .89 .39 .39 .38
Pork
May 15.78 16.06 13.75 16.06 15.65
July 16.39 16.60 16.30 16.50 16.10
Lard
May 9 32 9.40 9.30 9.37 9.85
July I 9.75 6.85 9.70 9.77 9.77
Ribs
May J 9 17 9.25 9 17 9.25 9.30
July ) 9.62 9.60 9.62 " 9.60 9.60
Visible Grain Supply.
New Tork. May 2. The Tislble supply
of American and bonded grain shows the
following changes:
Wheat decreased 3.064.0AO bushels.
Corn decreased 5,261,000 bushels.
Oats decreased 262,000 bushels.
Rye decreased 176,009 bushels.
Barley decreased 1.000 bushels. '
New York Dried Fruit.
New Tork, May I. Apples Evaporated,
exhausted.
Prunes Firm. California. 4 01c; Ore-
gens. 64 0154c.
Apricots Firm; ohoiee, 23c; extra
choice. 27c: fancy. 28e: peaclus. steady:
slanlard. lS'je; fancy, 17.
Rsttins Quiet, Muscatels, 17027c; seed
less; 22 0 34c
UNCLE EPHRAIM AGAIN
aMeVRT GUY- WAN YEP TO MrXKE Mi
A BET ONCcr- SAt YUEPE Y,tRE MORfc
masriei Men ikm tmwvp
Took a Boat trip- the ONiy time
US A BOAT N US UPE-
orm came vp-
Financial
By ALEXANDER DANA NOYES.
Chicago Tribune-Omaha Bee Leased Wire.
New York, May 2. Evidence of
greater buoyancy in all markets was
to be found today, a happening which
perhaps in part was foreshadowed
by the constructive factors, which
began to make themselves felt last
week. In short, there was a more
uniform display of confidence than
has been been witnessed for a long
time. Whether in the stock market,
which made a notable gain on a
volume of trading in excess of 1,000,
000 shares, the cotton market, grain
or foreign exchange, the trend was
decidedly upward. Groping for the
specific reason led to some strange
conclusions, each bearing a grain
of truth, but individually not telling
by far the real situation. It was
plain that no one factor of the day's
news bore such outstanding: signif
icance as to establish advances in all
lines. But in the aggregate the de
velopments were of character to at
least scare the bears and brin? about
about some nuying of substantial
character for long account.
Sterling, for instance, touched a new
high for the year at $3,96 4, a figure
that has not been surpassed since Juno
25 of last year. French franca moved
forward to a high of 7.8tic the top
price since July 22 of last year.
The word as to an ultimatum having
been delivered to Germany on the rep
arations question was naturally held to
be a reason for an advance In exchange
even though the upturn In both Instances
has been going on for a considerable
period and appears to bear quite as much
relation to the decreased pressure of bills
through lessened exports to France and
England and the shipment of gold here.
These latter considerations would be a
basic Influence on exchange.
In stock marget advances were general
with the scope of activity broader than
on all but a few days of this year. One
after another Issues were taken in hand
and run up several points, evidencing the
activity of some particular (roups of
traders.
Today's move In the stock market was
made in the face of a 7 per cent money
rate throughout the day. This was no
factor of consequence in the situation for
the reason that a period of easier money
was expected later in the week. However,
while call funds ruled at a high rate there
was acually no shortage of money for
stock exchange purpose,
A reduction in the rediscount rate from
7 4 to 7 per cent by the Bank of Sweden
was not unexpected as a sequel to the
reduction of the Bark of EnKland rata.
Three countries in Eurooe. Sweden, Switz
erland and England, have lowered their
rediscount rates and It wouia Be in me
course of events to expect that others
would follow. Should this come to pass.
It would be Interesting to see what would
ho the effect on the federal reserve banks
of the country, only one of which, Boston,
haa thus far lowered us discount rate.
Sew York Cotton.
New York. May 2. The cotton market
had another slow opening today. There
was a small selling by Liverpool and
Japanese interests, tho latter disposing of
new crops, while New Orleans and a few
commission houses furnished tho only
demand. After the opening, which was 3
to ( points lowe the market acted steady,
rallying to Saturday's close on scattered
room trading.
The threatened strike of marine workers
held fresh buying in check and trading
waa quiet. The undertone, however, was
generally steady at 3 to i pointa net higher
at rioon.
The market showed Increasing strength
In the afternoon on Wall Street buying
and covering on an Improving tone !n
stocks, and estimates of a northern au
thority that the acreage will be 30 per
cent less than last year. July sold 39
points net higher.
. New York Money.
New Tork. May 2. Prime Mercantile
Paper 7074 per cent.
Exchange strong.
Sterling Demand, $3.96; cables.
$3,974.
Francs Demand, T.Suc; caDies, 7.87c.
Belgian Francs Demand. 7.85c; cables.
T.87c.
Guilders Demand, 35.10c; cables, 8.tec.
Lire Demand, 4.81c: cables, 4.83c.
Marks Demand, 1.54c; cables, 1.65c
Greece Demand, 6.05c.
Argentine Demand, 31.50c.
Brazilian Demand, 13.12c.
Montreal 10 4 per cent discount.
Time Loans Firm: 60 days, 90 days and
$ months, 64 07 per cent.
Call Money Firm; high, 7 per cent; low,
7 per cent; ruling rate, 7 per cent; closing
bids, 6 per cent; offered at 7 per cent;
last loan, 7 per cent.
Omaha Hay Market.
Prairie Hay Receipts moderate. Ex
cellent dmand for the better grades
Prices remain firm.
Alfalfa Receipts very light. Strong
demand for the better grades. Top
grades selling at a premium.
Straw Receipts light. Very little de
mand. Prices firm.
Upland Prairie Hay No. 1, $12,000
13.00; No. 2. $10.00011.00; No. $, $7,000
3.50.
Midland ! Prairie Hay No. 1, $11,00 0
12 00; No. 2, $8.0009.00.
Lowland Prairie Hay No. 1, $8,600
9.50: No. 2. $7.0008.00.
Alfalfa Choice, $21.00023.00; No. 1,
$18.00020.00: standard. $14.00017.50; No.
2, $8.60011.00; No. 3. $7.0008 00.
Straw Oat, $8.0009.00; wheat, $7.50
08.00. .
New York Metals.
New York, May 2. Copper Dull; elec
trolytic, spot and nearby, 12 12 Sic; fu
tures, 12 013c.
Tin Easier; spot and nearby, 81.750
32.00c; futures, 81.50031. 76c.
Iron Nominal; No. 1 northern, 36c; No,
1 northern, 25c; No. 2 southern. 22 0 23c.
Lead Steady; spot, 4.50c.
Zinc Steady; East St. Louis delivery,
spot, 4.9005.00c.
Antimony Spot. 6.25c.
Turpentine and Rosin.
Savannah, Ga., May 2. Turpentine
Firm; 610614c; sales, 300 bbls.; receipts,
301 bbls.; shipments, 689 bbls.; stock,
6,170 bbls.
Rosin Firm; sales, 633 casks; receipts,
251 casks; shipments, 1,383 casks; slock,
71,726 casks.
. Quote: B. $3.70; D, $3.85; E, $4.00; F,
$4.26; G, $4.30; H. $4.35: I. $4.40; K.
$4.50; M, $4.65; N, $4.80; WG. $5.85; WW,
$5.69,
New York Sogar.
New York, May 2. The local market for
raw sugar waa quiet and no sales were re.
ported. The undertone was a little stead
ier, as offerings were not so aggressive an
last weak, and prices were nominal at
8 4o fnr Cubaa, c. 1. f., equal to $4.9 for
centrifugal.
Chicago Potatoes.
Chicago, May 2. Potatoes Old, weaker;
receipts. 127 cars; Northern white sacked
and bulk, 70c to 85c cwt. ; new, dull;
Florida No. 1, $7.75 bbl.; No. 2, $4,754'
.00 bbl.; Texas, triumphs. $4.50 cwt.
Bar Sllter.
New Tork, May 2. Bar Sllvsi: Do.
mettle. 69 c; foreign, 61 e; Mexican dol
lars, 4Tc
- H
I ASKET HIM HOW WE
HE WE CAPYAlN MAR.KET IT
ON THE StPE. OF THE &OA.Y-
I NrVS YUTH V4IM WHEN ME
VSK IbZ FOR AN
EMPYV BAR REV O FLOUR TO
. make; a moo pen ro hvs too
New York Quotations
Range of prices of the leasing stocks
furnished by Logan & Bryan, Peters
Trust building:
RAILS.
Sat.
Close Close
82 4 814
385i S64
1124 Ul
70 69 4
H.
A.. T. A S. F. 82 V
Baltimore & Ohio. t"
I..
814
6 .,
111
70
Canadian Pacific .113
N. T. Central 704
Ches. & Ohio 614
614 14
Erie R. R 13 4 13
Ot. Northern, pfd.. 71 71
13
13
714
.... 7i
Chi. Gt. West
K. C. Southern.... 27'i
264 24 264
Mo. Pac 184 1
18 4
17
N. .Y.. N. H. & H.. 17
16
17
741.
North. Pac. Ry.... 754
734
34
Chi. & N. W
Penn. R. R
63 4 ' 634 6S4
354 34 354 864
Reading Co 74 4 72 4
7il4 IZIi
28 28
C R. I. & P 28 4 27
South. Pac. Co.... 76 'i
Southern Railway 21a,
54 75 764
214 214 21
Chi.. Mil. & St. P.. 2C'i 25 j
5 264
Union Pacific ....117 4 116 4 H4 116
Wabash 74" 14 74
STEELS.
Am. Car & Fdry 129 1284 129 1"
Ills-Chalmers ..
Am. Loco. Co. . . .
Utd. Alloy Steel.
3S ill 's
38 374
914
31
884
314
90 89
314
nl,lln T.oco 91 '4 S9'
!1
89 i
Beth. Steel 62 594 61 4 60-,
Crucible Steel 84 814 83 4 82 4
Am. Steel Fdrs... 30it 304 30 304
Lackawanna Steel. 64 63 4 63 4
Mldvale S. & O.... 294 284 294 28
Pressed Steel Car. 89 4 89 4 89 4 88
Rep. I. & S
Ry. 8teel Sprgs.
654 63s 64 634
89 i 89 H
Sloss-Shef. S. & I. 43 4
43 43 4
U. S. Steel
844 834 834
83
COPPERS.
Anaconda Cop 42 4 4 1 4"
Am. S. & Rig..
44 42), 44
42
13
U
24 4
B. & S. Mln
Chile Copper....
Chlno Copper...,
Tnsp. Cons. Cop.
Kennecott Cop..
Miami Copper...
Nev. Cons. Cop..
Ray Cons. Cop..
Utah Copper....
154 14 154
124 11 1
3 3 4
374
214
244
26 V
20'-
3T
214
234
124
36
20
23
12 4
234 234
1 2 12 4
14 4
13
53 4
144 18
io 534
65
INDUSTRIALS
37 4 j
38
Am. Beet Sugar... 404 384
A.. O. A W. I. S. S. 40
Am. Int. Corp 62
Am. Sum. Tob 73
Pacific Oil 39
Am. Cot. Oil 22
38 4 40
46 52
71 72 4
38 38 4
47 4
714
87 4
Am. Tel. & Tel. ..108 4 1074 18
Rrookiyn R. T.... 13 12 12
1074
Am. Can
Chandler Motor .
Central Leather. .
Cuba Cane Sugar.
Cal. Packing
32 4 31 314 304
85
83 84
84 4
40
394 37
204 194 19
14
594 59 f9
Cal. Pet 48
Corn Prod. Rfg.... 75
Nat. E. & S 62
Flak Rubber 18
47 4
744
62
47 7
74 744
174
17
don. Electric 1384 136 137 136
Qasten, W. & W... 1 14 l1
Oen. Motors.
14 14
34 4
42
11
55 4
14
41
114
Goodrich.
Am. H. & L
H. & B. Car
U. S. Ind. Alco...
Int. Nickel
Int. Paper
Ajax Rubber ....
Kelly-Springfield.,
Keystone T. & R.
Int. M. M
42
40
12 4 114
58 4 55 4
734 72
17 16
66 63
714
11
16
64 62
37 4
60 4 614
174 It'i
15
52 50
174 17
16
154
Mexican Petr I'm.. 1504 143
1494 144
Middle states oil.. 15
Pure Oil Co 354
Pan-Am Pet, Trans 714
Pierce-Arrow Mot. 41
Royal Dutch Co.. 68 4
U. S. Rubber Co.. 79 4
Am. Sug. Rfg. Co 91
Sinclair Oil & Rfg. 27 4
Sears-Roebuck Co. 86 4
Rtromsberg Carb. 46
Studebaker Corp.. 90
Tob. Pdcts. Co.'.. 64 4
Trans-Cont'ntal Oil 12
Texas Co 414
U S Food Pr Corp 2J
White Motor Co.. 44
144 144 15
354 354 354
67 4 69 704
0 41 39
67 67 68
76 78 4 78 4
884 89
26 26 264
84 844 864
43 4 45 4 44
874 894 89
62 4 54 53 4
114 134 11
41 41 40
21 21 21
43 43 42
42
47 57 67
78 80 79
West'gh'se El, Mfg 48
Am. Woolen Co... 81
Total shares sold 1.144,100.
Money Close, 7 per cent.
Marks Close, .01534; Saturdsy's close,
.0152.
Sterling $3.974 ; Saturday's close,
$8.96.
New Tork Coffee.
New Tork, May 2. The market for cof
fee futures continued quiet. Traders evi
dently found no fresh Inspiration in the
cable advance from Brazil and after open
ing 1 to 4 points lower, the market eased
off slightly during the middle of the day
under liquidation of July and September.
Tbeso deliveries sold about 8 points
net lower, with July touching 6.90c, but
there waa some Wall Street buying at the
close, accompanied by reports of a better
tone in the stock markef and that delivery
closed at 6.95c bid. The general list closed
at a net decline of 2 to 6 points.
Closing bids: May, 5.68c; July. 5.95c:
September, 6.36c; October. 6.49; December,
6.85c; January, 6. 96c; March, 7.15c.
Spot coffe, quiet; Rio 7s, 5 06c.
The
UPDIKE GRAIN
COMPANY
Operating large, up-to-date Terminal Ele
vators in the Omaha and Milwaukee mar
kets, are in a position to handle your ship
ments in the best possible manner L .,
cleaning, transferring, storing, etc
MEMBERS
Chicago Board of Trad
Milwaukee) Chamber of Com-
Minneapolis
Clia rubor of
Conrmerco
St Louis Merchants Ex
cbanfo Kansas City Board of Trad
Sioaa City Board of Trad
Omaha Grain Exchaag a -
It will pay yon to ret in touch with ono of our offieae
whan wanting, to BUY or SELL any kind of train.
WE SOLICIT YOUR
Consignments of All Kinds of Grain
to OMAHA, CHICAGO, MILWAUKEE,
KANSAS CITY, and SIOUX CITY
Every Car Receives Careful Personal Attention
The Updike Grain Company
THE RELIARI.r. CONSIGNMENT MOUSE
1
!
KNEW IT-
Omaha Grain
Omaha, May 2.
Cash wheat prices showed an up
turn of 4 to 5 cents today. Chicago
futures were also sharply higher.
Corn was 1 to 2 cents up and oats a
1-2 cent higher. Rye prices were
nominally higher. - Grain receipts to
day were moderate, totaling 175 cars,
against 147 cars last Monday. Corn
receipts showed a good 'increase over
a week ago.
WHEAT.
No. 1 hard: 1 car, $1.41; 1 car, $1.38.
No. 2 hard: 1 car, $1.37; 15 cars, $1.36;
3 cars. $1.36 shippers' weights); 1 car,
$1.35 (smutty.)
No. 3 hard: cars, $1.34; 1 car, $1.33
(smutty.)
No. 4 hard: 1 car, $1.34; 2 cars, $1.83.
No. 6 hard: 1 car. $1.83 (heavy, musty);
1 car, $1.31.
No. 2 mixed: 1 lcar, $1.32 (durum); $-6
car. $1.31: 11 car, $1.28 (smutty.)
No. 3 mixed: 1 car, $-.32 (smutty); 1
car, $1.29 (durum.)
No. 4 mixed: I car, $1.29 (durum); 1
car. $1.28 (durum.)
Sample spring: 1 car. $1.15 (dark north
ern. 45 4 lbs.)
COR.
No. 2 white: 1 cars, 61c.
'No. 3 white: 1 car. 50c.
No. 1 yellow: 2 cars, 62c.
No. 2 yellow; 10 cars. 61c.
No. 3 yellow: 2 cars, 60 4c (dry); 1 tar,
60c: 1 car. 49 4c.
No. 4 yellow: 1 car, 50c (dry.)
No. 5 yellow: 1 car. 49e.
No. 1 mixed: 1 car, 49 4c.
No. 2 mixed: 1 car, 48c.
No. 3 mixed: 1 car, 47c; 5 2-2 car;. 46c.
Sample mixed: 1-3 car, 40c.
OAT.
No. 2 white: 1 car, 35c.
No. 4 white: 1 car. 33c.
BARLEY.
No. 1 feed: 1 car, 00c.
CHICAGO CAR LOT RECEIPTS.
Week Year
Today. Ago. Ago.
Wheat 19 54 2
Corn 160 113 IS
Oats 79 81 ii)
KANSAS CTTV RECEIPTS.
Wheat 315 35 j 1ST
Corn 50 4" 40
Oats 20 3 13
ST. LOUIS RECEIPTS.
"Wheat 109 1311 !
corn 90 63 97
Oats 62 33 67
NORTHWESTERN RECEIPTS WHEA T.
Minneapolis 212 279 301
Duluth 60 53 38
Winnipeg 87 . 99 229
PRIMARY RECEIPTS AND SHIPMENTS,
Receipts Today. Tr. Ago.
Wheat 1,120.000 1,090,000
Corn ' 781,000 479,000
Oats 610,000 657,000
Shipments
Wheat 813,000 601,000
Corn 824,000 845,00
Oats 391,000 874,009
EXPORT CLEARANCES.
Wheat 3,265,000 524. 00J
Corn 579.000 90,000
Oals 272,000
OMAHA RECEIPTS AND SHIPMENTS.
Today Wk. ago Yr. ago
Wheat 79 83 73
Corn 80 49 43
Oats .14 IS 11
Rye 1 . 2 4
Barley 1 1 0
SHIPMENTS
Today Wk. ago Tr. ago
Wheat 56 46 61
Corn 74 45 61
Oats 9 3 SO
Rye 0 4 0
Barley 2 0 2
Minneapolis drain.
Minneapolis, Minn., May 2. Flour Un
changed, liran, $10.00,
Minneapolis. May 8. Wheat Receipts,
212 cars, compared with 301 cars a year
ago; Cash, No. 1 northern, $1.36 01.43 4;
May. close, $1,23 4; July. $1.15.
Corn No. 2 yellow, 6162e.
Oals No. 3 white, 3238ic
Barley 45062c.
Rye No. 2, $1.2701.29.
Flax No. 1. $1.66 4 01.684.
8t. Louis Grain.
Kansas City, May 2. Wheat May
$1.35; July, $1.07. .
Corn May, 66c; July, 60c.
Oats May, S6c; July, 38c.
Kansas City Grain.
Kansas City, May 2. Wheat, May
$1,254; July, $1.02.
Corn May, 49c; July, 64e; Septem
ber, 68 4 c -
Kansas City Hay.
Kansas City. May 2. Hay Unchanged
to $1 higher; No. 1 timothy, $18,600
20.00: No., 1 prairie, $13.50014.50; choice
alfalfa, $24.00&!7.on.
OFFICES AT
OMAHA, NEB.
LINCOLN, NEB.
HASTINGS, NEB.
CHICAGO, ILL.
SIOUX CITY, I A.
HOLDREGE, NEB. .
GENEVA, NEB
DES MOINES. IA.
MILWAUKEE, WIS.
HAMBURG, IA.
KANSAS CITY. MO.
e tnew efflees, snstt Msseu
are eaaaettts witk eat a)
trr artvats alts.
Citi
i
Paf I J IK I I a 1
Drawn for The Bee by Sidney Smith.
(Copyright, 1921. by Chicatco Tribunt Co.)
SWOES AND At HE fc
I COVUJN'T GEY INYO THE!
COUPLE OF PW- HE'S A ,
FOX ALL RKiWY- J '
' Bonds and Notes
The following nuotatlons furnished by
the Omaha Truet company;
Appro.
Yield
Ratr. Mat, Price. Vet.
Am. T. & T. Co... lis 1922 S7 4 7.80
Am. T. & T. Co...6's 1924 86'j 7.30
Anaconda 7's 1S2S M 8. OH
Armour 7's I !M tii 7.M
Belgian Govt S's 19'4! 9S'4 8.18
Belgian Govt 7Vs 13 45 7.6s
Bethlehem Steel. . .7's 1922 99Vi
Bethlehem Steel. .. 7's 1923 ! i 7. 80
British 5Vs 1922 KB, 8.10
British uS,'s 1929 90 7. is
British 5Vs 1 n:!7 SS fi.9i
C. C. C. & St. I... ti's 1929 88U 8.00
Christiana S's 1143 H 8.30
Cudahy Pkg. Co... 7's 1923 9St 7.1b
Denmark 8 s 1945 99 8.10
Kren-h Govt S's 1945 9.77
B. F. Goodrich 7's 1925 0H 10.01
Jap. Govt. 1st 4 S's 1923 tt 9.50
Jap. Govt 4's 1931 7 8.J0
Morris & Co 7's 1930 98 7.75
Norway S's 1940 100 7.00
N. W. Bell Tel. Co. 7's 1941 7.10
N. T. Central 7's 1930 lOOVi, 6."i
Penn. R. R. Co 7's 1930 101 H 8.89
S. V. Bell Tel. Co. 7's 1925 964 8.O.;
Swedish Oovt.. ..6 s 1929 83 H 7. JO
Swift & Co Ts 192S 96ft 7.91
Swiss Govt S's 1940 103 7.i0
IT. S. Rubber 7Vs "SO 100 7.50
West. Electric 7's 1931 89 J.'j4
Chicago Slocks.
The following quotations ars
by Logan & llrjan:
Armour & Co.. pfd.
Armour Leather Co., com. ...
Armour Leather Co.. pfd
Commonwealth Edison Co. ...
Cudahy Packing Co., com. ...
Continental Motors
Hartman Corporation, com. ..
Llbby, McNeil I.lbby
Montgomery Ward Co
National Leather
Reo Motor Car Co
Swift Co
Pwift International
Union Carbide & Carbon Co. ..
furnished
89'i
.... J2'-4
.... SS'i
....109
60
.'... 6i
.... 7i
.... 10
.... 21
.... 8Vi
21
....100
.... 2i4
.... 58
New York Curb Stocks,
The following quotations are
furnished
ny Logan Bryan:
Allied Oil
Boston Montana . .
Boston "Wyoming
Cosden Oil
Consolidated Copper ....
Elk Basin
Tederal Oil
Glenrock Oil
Slmmff Petroleum
V. 9. Steamphlp ........
White Oil
1m
66
1
8H
I1'.
9V4
2
ls
11
S
t;-i
16
8
1
1 Hfl
1li
8-16
16
Liberty Bond Prices.
New Tork. May 2.-M.iberty bonds at
110011: 3Us, 85.60; first 4n, 87.34: Hfond
4s. 87.18; first i'is. 87.44; second 4 Us.
S7.S8; third 4 s. 90.42; fourth 44s. 87. 4G;
Victory 3s. 97.74: Victory 4,s. 97.78.
Iiiberty bonds closed: Ss, 8S.72; Tint
4s. 87. SO; 2d 4s. 87.34: first 4 Vis, 87.M:
second 4Hs, R7.3: third 3'.iS, 90.42; 4th
44a, 87.42; iietory Ss, 87.94; Victory
ta, 90.00.
l.lneed Oil.
Duluth. May Llneoed On track,
$ 1 . 6 3 tj T i! 5 ; arrive. 11.64.
Joint 6V2'
Northern Pacific---Great
Northern
Duo 1936
Exceptionally attractive
conversion privilege
. which may be exercised
at holder's option.
Price to yield about
e7s
Circular on request for OB-887
The National City Company
Omaha First National Bank Bids
Telephone Douglas 3818
Invest in the
6fo
Real Estate
Mortgage
Securities
r ewst niirutteiW bf
C C SHMOta PresUeat 4. K ftOHRtOUCH. SWTMaa, ,
A$$tt$ Owr SUOO.000
Call aaJ talk the SMtter a
American Security Co., S
ZWr. o lath AMflfe
Return To Normal
Conditions Seen
In Bank Reports
Big Decrease in Deposits and
Loans Since Year Ago
Shown in Response to
Call for Statements.
A return to "normalcy" is seen in
a comparison of the hank reports of
deposits on May 4, 1920, and April
28. 1021. The deposits were $21.
643,881.30 more a year ago than this
vear. Total deposits of Omaha
banks April 28, 1921. was $95,325.
157.70. Omaha hankers declare the high
deposits of last year were occasioned
by high wages to employed men and
women and'the fcenern! excellence of
business.
Loans on May 4, 1920, were $103,
486,451 and on April 28. 1921, $84,
266,749.39 or a decrease of $19,220,
701.61. The decrease in loans is attributed
to a genera! tightening of the money
mar'-ict and the tendency of hank
to make loans onlv on urgent neces
sities and on short time.
Depos;ts and loans of all the Om
aha banks are Riven" in the following
comparative statement:
Deposits.
May 4, JO April 58. 'Il
Omaha National..
i'. S. Nat l
Flrt Nat'l
Stock Yards Nat'l.
Live Stool: Nat'l..
State Tlnnfi
Merchants Nat'l . .
Vebranka Nat'l . . .
Packers Nat'l
Corn V.x. Nat'l ....
Security State
American Stato ..
South Omaha Sav.
Union State
Bank of Ronton..
F. & M. of B'nron.
Bank of Florence.
Pioneer State
Com. Bank of Flor.
8i5.B4i;.8S4 $l,OI1.nl'
20.:1!i.471
1S,I18J,7S
0.t:o.307
8,107.01 I
4. 77.'i. cm
ir.l(!7.ll!8
.1.144. C7
4.4?2.J:il
3.06I,93
1.404.20
1,022. 743
711.r,69
1 . 2 2 . 3 5 3
)4.7r.7
S47,!24
4BH.7SO
612,60.'.
U7.45
Total
Omaha Nat'l
U. S. Nat'l
First Nat'l
Stock Tarda Nat'l,
Live Stork Nat'l..
State Bank
Merchants Nat'l . .
Nebraska Nat'l ...
Packers Nat'l . . . .
Corn E. Nat'l ...
Security Stale . , .
American State ..
South Omaha Sav.
Union State
Hank of Benson . .
F. A M. of Benson.
Bank of Florence,
Pioneer State ....
Com. of Florence. .
Total . .
. 103,486,
S4,26,749
New V01U tieneral.
New Tork. May 2. Flour unsettled,
sprlnsr patents, J7.7iffi8.2i: spring- rleBis
iti. 007.00; winter straights 1H.60 6.7r. ;
Kansas strnlghts $7.!67.7fi. Hye flour
KK'Sdy; fair to good 8.23; choice tt
fancy 18.30B8.60. ' :
Wheat, spot firm; No. I Tetl, $1.62; N"
2 lianl. tl.fi7; and No. 2 mixed drum Il.i'
c. :. f. track New Tork to arrive and N'
1 Manitoba tl.79 0. i. f. track May ship
ment. s
Corn, spot firm; No. 3 yellow and No, i
white 81,c and No. i mined, 81c c. 1. f
New Tork. ten days shipments.
Oats spot firm; No. 1 while, 4?'4 fi SO'-.
Pork easy; mess f 26 (5 26; family
Iry ftoods.
New Tork. May 2. Cotton Roods were
tesd!er with a broader Inquiry for yarn.
There was a moderate fall for dreis
goods. Raw silk .war quieter sni burlsi-
dull. Jobbers reported a steady small lot
business from retailers seeking goods for
curly shipment.
How Large is
the Surplus of
Gen. Motors?
HUGE amounts have been
turned back into com
pany's treasu ry in last twoy ears.
Motor shares are on the upward
trend. Will General Motors
share in this advance ?
Late Information on this com
panyinconuinedin this week's
issue of The Market Status,
which lo reviews outlopkfor
COSDEN SIMMS
COLUMBIA GRAMOPHONE
GUFFET GILLESPIE
MIDDLE STATES OIL
SWEETS COMPANY OF AMERICA
Ask far E-41
ANDERS0N.BR0WN&C0.
STOCKBROKERS
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Phene BROAD 0248
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fl I aWsssssMisii iisruiisae snTfiin 'ir-mr- vi-TiTsiS. J
No. 27
You can't tell what a per
son is worth by what he
wears.
Often swell clothes de
note a flat purse. ,
Too much spent on vest
ment leaves too little for
investment .
A person is foolish if he
thinks more of what he has
on his back than at his
back..
sou ,
