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About Omaha daily bee. (Omaha [Neb.]) 187?-1922 | View Entire Issue (May 6, 1921)
-ran pee: omaha. rniiAi. mm n, itai.
Is. On Way To Win
Head of U. b. Firm, After
A isit, Agrees With Schwab
That American Industry
Will Hae Competition.
Henry F. Schwars, who is the head
of a mercantile house which for years
rarried on a large import trade with
Germany because the manufacturers
in, that country produced commodi
ties of the kind in which his house
dealt, returned a day or two ago from
prolonged sojourn in Germany, lie
nsited many parts of the former em
pire and had opportunity to Ret into
close personal touch with industrial
conditions as they now are in that
Mr. Schwarz said this morning that
he had read the address which was
delivered by Charles M. Schwab re
cently to the members of the New
York Chamber of Commerce and
was especially impressed by the
warning which Mr. Schwab gave
that Germany is on the way to an
economic and trade victory although
she lost the war. Mr. Schwab's
statement was not merely the report
ing of a fact but was also a moni
tion to American industry so that it
may be prepared to meet the com
petition which Germany, by reason
of the low wages her artisans are
receiving and also by reason of their
efficiency, industry and willingness to
sacrifice so that they may save, will
offer through her ability to place
commodities in foreign markets at
such low prices as to make certain
that these markets can be secured.
Mr. Rchwars Bald that all thnt he nr. 4
Warned ta his visit to Germany justuieil
The statement made hy Mr. Hchwab. or
course it I necessary that Germany flnU
markets for the products of her IndU"
rrv. - In that way only can she be placed
in' position to meet indemnity require
ments. On the other hand there aneos
a. somewhat puxaltnt- problem which our
searrh for world markets and the pro
tection of our domestic markets havo
caused. . ,
It is not ao much a question for mori
ran industry to consider what the rate or
vvsirea la which the German workmen re
ceive as it is the question of efficiency.
The worklngmcn in American industries
end the laborers In our agriculture fields
should receive a higher rate of wages than
those which prevail in Germany. Hut if
in return for these higher wases their
efficiency matches or more than matches
that -which is characteristic, of the Ger
man workmen then the nornmoditles
which they produce will be able, so far
s prices are concerned, to mat;h tlifi
With reparation oueetion out of the
way there is no doubt that Germany will
use every resource in her possession for
the production of commodities which may
be sold in the markets of the world at
a competitive price.
John H. Patterson, president of the
National Cash Register company, who has
re-established, at or near Berlin, the
great plant where before the war this
apparatus was manufactured, spoke earn
estly after hi return from Europe, whoro
he apent the winter, of the necessity of
agreeing upon the indemnity so that a
last Germany could know the exact
amount which ehe must pay. When this
is known In Germany then it will be all
the eaaier to re-establish German indus
try upon a basis which will be a benefit
not only to Germany but to the world.
l"eraiatent reports respecting the mo!or
Industry have been in circulation lor
some days for which there must be some
basis and which refer to the remarkable
Increase in the motor car industry in this
country. Whether it be tru or not that
a single order has been placed for 100,000
- of the cars manufactured by the Ford
company, the reasons are excellent tor
believing that the company did receive
recently a very large single order. An
other of the reports which have been in
circulation asserts that the present output
of this automobile plant is 4,000 a day.
Coupled with these reports is another
which tells of the productive activity of
on of the largest of the tire manufactur
ing plant in the United States. If the
report it accurate this plant has now
reached l(a productive capacity. An
other of the motor oar plants is reported
to b manufacturing upon a scale which
almost equal its rapacity and with
few exceptions this industry is substan
tially equalling its output in war days.
Vt Is inevitable that if these reports ar
substantially correct other industtres will
feel the impulse to renewed activity
which will be occasioned by the remark
able increase in motor car industry.
New Tork Cotton.
Xew Tork, May S. There was renewed
realisation and scattered southern sailing
in the cotton market early today, a dis
position to take profits being promoted by
better weather in the belt.
Old crop months were relatively firm
at the opening, showing an advance of
4 to 10 points, but later months were 1 to 8
points lower, and the general lists showed
nt losses of i to 30 points, with July
-selling at 12.7c and October at 12.51c.
Ten Slay notices were reported in cir
culation, but were without any apparent
influence. Increasing mill curtailment
was reported In Manchester, owing to the
fuel shortage, but reports from the domes
tic goods trade were encouraging and eas
ing money rates helped- to steady prices
at the decline.
Omaha Hay Market. '
Prairi Hay Ttecelpts moderate. Ei
rellent dmand for the better grades
Prices remain firm.
Alfalfa Receipts very light. Strong
demand for the better grades. Top
trades selling at a premium.
Straw Receipts light. Very little de
mand. Prices firm.
Upland . Prairi Hay No. 1, Hi'.AOtf
1.1.00; 2so. ?, $10. 00f 11.00; No. 3, J7.00
Midland Prairie Hay No. 1. J11.00
l. oo; No. is.ooif s.oo.
T.owland rrairle Hay No. 1
1.50; No. I. J7.00gS.UO.
Alfalfa Choice. t:t.O0?3J.0O:
1SOO20.00- standard. l4.00fflT.5
I, SI.i0Oll.00; NO. 3. 7.00(f 00.
Straw Oat, SS.OOff9.00; wheat, 17.50
New York Coffee.
New Tork, May I. The market for cof
fee futures was quiet today and after
pening at a decline of 6 points, showed
ery little change. Prices ranged from
l.40o to 6.42c tor September and from
S.sic to 0.96c for December, with the
market closing net unchanged to 6 points
lower. May, S.75c; July, 6.05c: Septem
ber, .42c; October, 6.6Sc; December,
l.3e; January, 7.0i'c; March, T.sie.
Spot coffeo doll; Rio 7s, t: to (e;
Santos 4s, S?e to tc.
Liberty Bond Prices.
New Tork, May 5. Liberty bonds at
r.oon; S'is. SS.S0: first 4s. $7.60: second
4s. 17.14; first 4 Vis. S7.6; second 4Vs,
H7.S5; third 4!4s. 0.0: fourth 4is,
S7.4J; Victory ss, M0; Victory 4is,
Liberty bonds closed: JV, SIHOi first
4s. 17.10 bid: second 4s. 87. JS bid" fim
4 i.e. 7.I5: second is. 87.30: third 4is,
.: fourth 4Hs. S7.J6; Victory 34s,
97.98; Victory M, 98.00.
New Tork Sugar.
N'r York, May . The local market for
raw sugar was weak and prices lower
under increased offerings, although busi
ness was light, as the demand was limited.
The were sales early of 11,700 bags of
Porto Rices and 3,000 bags of San Domin
go, at 4.(4c for centrifugal, followed by
sales of 12,000 bags of Porto Ricos at
4.6Se for centrifugal. There wer no sales
-t Cuba a and prices were nominal.
Tarpentlse and Rosin. '
Savannah, Gs., May S. Turpentine
Firm; 71c; sales. 1S4 bbls.; receipts. (1
bbls.; shipments, 1 bbls.: stock. (,(41 bbls.
Rosin Firm: sales. 369 casks; receipts.
791 casks: shipments. Hi casks; stock,
Quote B.. $S.0: D.. C4.J5; E., 4.t0; P.,
S4it; O.. 4.(0: H.. S4.; I.. 4.70; K,
$(00; M.. (5.25; N., j.5.00; WO., SM0;
w York Dry Coeds.
New Tork, May (. Cotton goods wer
steadier today, with increased sales in
nestings and print cloths. Leading lines
f cotton blankets bav been sold p for
fall. Raw silk was a shsd easier, wool
goods were quiet and steady. Tarns were
la moderate demand.
Kasas City Prsdace.
'Kansas City, May i. Eggs L'n
cbaaged. suttr Creamery, unchanged; packing,
la lawar. lie.
Omaha. .ly I.
Official Tuesday .
3 M(iIU!:no" Shis?
4'iino sins 'o;
Official Wednesday.. 6. 277 l.'.O.M .n04
Kstlmate Thursday.. 000 12,800 4.300
Four days this wk..:o,"a 4;t,14 i'i,3I
Sam days last wk...-'7.9.is ;.6S5
fame two wks. ago. .;6.''.i 4-', "82 u.0v
xam three wks. a?o.li.oJl 4.::t S4.R7
i Same days jesr aito.27,46 1 .J,4j ;3.361
Kceirts and deposition f I e stuck at
the l'-ion Sunk Yards. Omaha. Neb., for
-1 hours ending at S o'clock p. m , ilax
Cattle Hogs Sheep
('., M. ft St. P 1
Wahssh 1 1 1
Missouri Pacific 4
fnion Pacific . 6f 47
N. W.. east X ;
1'. - N. W . west tift 71
l, St. P.. M. & o r.l 16
t. B. & it. cast I r
C, H. A Q.. west :U ;4
t'., 11, 1. & P., csst . . . 1 1
".. R. 1. & P.. west. 7 3
Illinois Central 2
Chicago Great West.. 4
Total rclipls ;9 17:
nisrosrrios" h ba n.
t attle h.ikh Sheep
Cattle A fairly liberal run of cattle
showed up Thursday, about 0,000 head,
and the market lost some ot its fine
edge. Demand was not so broad and ail
classes ot buyers tried to shade prices,
bids and sales ranging; from steady to
lS2oc lower than Wednesday both on
beef steers and cow stuff. Compared with
a week ago the market Is still around
60(S"60o higher on anything suitable for
killing or shipping. Business In stockers
and feeders continues dull, with no par
ticular change in prices.
Quotations on cattle: Choice to ptimf
beeves, $s.40t.t; good to choice beeves.
$8.00S))9.4Q: fair to good beeves. 97.50
7.90: common to fair beeves. $ii.7fCil7.50:
good to choice yearlings. I8.158.50: fair
to good yearlings, S7.G0tgr8.00; common to
fair yearlings, I6.B07.36; choice to prime
heifers, 97. 2607.75: good to choice heif
ers, $fi.00Sp 7.25 : choice to prime cows.
$G.857.25; good to choice cows, S6.23
6.75; fair to good cow, $5.50(g6.25: com
mon to fair cows, 12.50(84.75: good to
choice feeders, 7.257.60; fair to good
feeders, 96.507.25; common to fair feed
ers, S5.75gfG.50; good to choice Mockers,
S7.007.50: fair to good stockers, SS.25'
7.00: common to fair stockers. S5.00O
0.00; stock heifers, $4.50tl.00; stock
cows, J3.73!S15.00: stock calves, J5.00 7.25;
veal calves, S3.00.ff9-0; bulls, blags, etc.,
No. Av. Pr. No. Av. Vr.
IS. ....... 9S0 7 SS 19 115 7 30
14..'. 1050 7 70 23 935 7 73
JS 12SH 7 SO IS 1470 8 On
. .1095 I 05 8 9SS
STEERS AND HEIFERS.
Av. Pr. No. Av.
., 540 7 21 29 1027 -
.. 695 7 65 23..
.. 628 7 75 19. .
.. 694 I 2.1 0..
Av. Pr No.
..1164 S 9. .
A v. Pr. No.
87.S 7 70
SR4 7 80
903 8 10
..1125 6 75
6 7 00 12. .
920 7 50
Av. Pr. No.
429 6 55 4. .
S40 7 75 11..
. . .. v .
450 7 00
220 S 75
173 I 00
Hogs About 12,800 hogs were received
today and the trade opened at 15(i25u
declines, but improved after first rounds,
and most of the hogs sold at. prices not
more than 1015c lower. The closing
market was active and very nearly steady.
Best light hogs made a top of S8.13 and
hulk of the receipts sold at a spread of
Sheep Today's run ot sheep and lamb?
was rather moderate, but there was very
little life to the demand, and prices were
no better than steady as compared with
the low close yesterday. Best shorn
lambs topped at J9.86, with, wooled grades
quoted up to S10.50. . Spring lambs would
hardly bring more than $11.50 at the
present time. Fat sheep wero scarce and
quotably steady. -
Quotations on sheep:. Best tat lambs.
$10.2610.50; medium to good lambs. Js.io
10.25: plain and heavy, lambs, S8 50
9.S0; shorn lambs, S8.l0O9.85; good to
choice ewes, $.757.3: spring lambs.
$9.0011.00; fair to good ewes, $6.00
6.50; cull ewes, $2.50 3.50.
508 S. T.
937 S. D.
Av. Pr. No.
. .82 9 i0 488 fed.
..78 85 281 fed.
. .79 S 0 ,
Av. Pr. No.
86 9 54
70 10 10
.65 11 40
230 Nat 59 11 50 50:! Cal.
No. Av. Pr. No.
329 fed ..86 9 S5 28 fed 9J 9 13
OCI.I. LAM BR
No. Av. Pr.
100 Cal 60 8 00
No. Av. Pr. No. Av
229 fed IIS 6 83 200 fed 107
0 ' '
Chicago Live Slock.
Chicago, Stay 6. Cattle Receipts, 12,00
head; good and choice beef steers 10 to
loo lower; -others mostly 15 to 25c lower:
ton steers, $9.25 to Mineral Point, Vis.
Killer top. $9.15: bulk, beef steers, $7.73
8.60: butcher she-stock 10 to 15c lower:
bulk, $5.5007.00; bulls and stockers and
feeders steady: hulls largely.. $6.50116 0:
calves 6 to 10c lower; top packers, $8.75
Hogs Receipts, 27,000 head: active
opened 10 to 15c lower, closing sround 10c
lower than yesterday's average: good
clearance: top, $8.60; bulk, $8.108.50:
pigs 25 to 40c lower: bulk desirable 100
to 125 pigs. $7.40sfs.00.
Sheep and Lambs Receipts. S.000 head;
lambs mostly 3Co lower; sheep steady:
wooled lamb top, $11.25; bulk. $10.25
11.00; shorn top, $10.55; bulk. $9.50
10.8S; few choice native springs. $12.00;
choice heavy shorn wethers, $6.75.
Chicago Lire Stock.
Chicago, May 6. Cattle Receipts. 15.
000 head: beef sters and butcher stock
mostly 10c to 15o lower; top steers. $9.23;
killers, top, $9.15; bulk beef steers'. $7.75
16 8.50: bulk fat cows and heifers, $5,50 tf
7.00; bulls, stockers and feeders, steady;
bulls, largely $8.5096.50; veal calves,
Hogs Receipts. 27.000 head: market
active; lights, 16o to 23c lower: others
mostlr 10c to 15e lower than yesterday's
average; top, $8.60; bulk, J8.00g8.50;
p:gs, 25c to 40o lower; bulk, desirable,
100 to 125-pound pigs. $7.408.0O.
Sheep and Lambs Receipts. 9,000 head;
generallv strong to S6o higher; choice
?0-poun4 wooled lambs. $11 0; bulk,
$10.256'11,00; few nativa springs, early,
$11.60. ; . . .
Sioux City L1t 8tM.
Sioux Citv, la.. May 6. Ca'ttle Re
ceipts, 1,700 head; market steady; fed
steers and yearlings, .008.5O; fat
cows and heifers, S4.00fl7.76; canners,
$1.50sS.7S; veals, $6.00,60; feeders,
$6.00Q7.09: calves, 14. 60 tj 8.60; feeding
rows and heifers, $4. 00 Iff 6.60; stockers,
Hogs Receipts, 6,000 head: market
steady, 25c lower; light, ST.75fS.00;
mtied, I7.7097.7S: heavy, S7.00ff7.50;
bulk of sales,' $7.2507.81.
Sheep and Lambs Receipts, 500 head;
St. Joseph Lire Stock.
St. Joseph, May S. Cattle Rscsipts.
t.SOO head; market cteady to 25c lower;
steers, $7.009$. 60; cows and heifers, $4.50
98.35; calves. S6.00tf9.26.
Hogs Receipts, 6.000 head; market 10
015c lower; top, $3.15; bulk of sales.
Sheep Receipts. S.00O head; market
steady; lamps, iio oomi.tc 1
IOBdon Wool. f
London. May t There were 9,173 bales!
Moms Ca 41 ins
Swift & Co 917 ISiS
Cudahy Packing Co..lOS :473
Armour : Co 894 2:tti
J. W. Murphy . 196
Lincoln Packing Co.. . -So.
Omaha Pky. I'o... !i
Kiggins Packing Co... 19 ...
Hoffman Bros IS ...
Mayorowich & Vail... SI ...
Olassberg ...C 1"
P. O'Dea 2
Wison & Co 27 4
V. P. Lewis 73
J. B. Root ft Co 52
.!. II. Bulla
Rosensvock Bros. ... t ...
F. O. Kollogg 90
Werthoimer A D.:s-n. S7 ...
Sullivan Broi , .10
Allied Packing Co ' 17
Xlo.-Kan. i & C. Co.. 17
E. O. Christie 12
Dold Packing Co 44 I m .
John Harvey ' ...
.1 insen & I.undgren . . ...
Dennis ft Ftanct- . l.i
Check ft Kr 25
timaha I' .j..a Co. . . 1 S
)?1,'ii . ,i ,;ins Co.
Cudalv Bros IST.S
Otlic. buyers SIS
Tola! s;9S 13181
offered at tho wool auction aales today. Chicago, Mav 5 .Butter Lower,
Competition increased and sll sections creamery, eitras . ';ic; standard. 80c.
improved. Merinos advanced 5. ner cent Egre Unchanged ; receipts. 14.784 rases,
over tho opening rates and good cross-j Poultry Alive, higher, foals, 29c; broil
breds now show gains of 6 to 19 per cent, j en, 11565c.
Market, Financial and Industrial News of the Day
By CHARLES D. MICHAELS.
' tnl,''0 Tribune-Omaha H" Leased Wire.
j Chicago. MayT A more cheer-j
fill l'eeliiiK prevailed in the Rrain
trade today, with a broader outside
buying power and an increased dis-i
position to regard ji1c constructive
lnlhiciurd. There was a small break
early which brought increased buy
ing followed by a big advance with
wheat the leader and doing trades
were at the top to lc under the pre-
l'rovi.s'ions advanced sharply after
-!an earlv break and closed around the f.xatly J , per cent i ate ot
hi on with lard up 15(a20c, while short the P.r f.tcI,1 f-.lhc, ba"k
J ribs were 50il "higher, and pork 8a'"cd $10,800,000 gold, but its re
un ''Wrtii' .serve of other currency decreased to
Tnewhcat situation appears to he ; virtually the same extent and the
4 ; working into better .bane tor hold-!1 ot its deposits and circulation
. ers. Foreigners continue to buy cash
I grain and handlers here reported a
H i better milling demand. Selling prcs
:o : sure exhausted itself in the first few
I ..,;.,t,t..e inI .;,l-, i..-,tititi,ipH lihrral
; iiiiliiiiv.? anu ,ii.n w. ....
i buying by outsiders, particularly by
Uliorts. -M'.iy advanced from $1.37 to
I $1.45, the highest price since the
recent turn, July w as more of a
i favorite and advanced from $1.08; i
' to $1.15, where it closed.
Traders are disposed to give
thought to the realisation, particularly to
I tha disparity lit tho price ilittereme ue
' tween casl;, May and July. July Is around
! 4-lc under the price of spot No. 1 hard.
: which is giving away too much for the
'privilege ot selling it short.
Crop news attracted more attention. In
Klis was out with a 'moderately bullish
vcport on Kansas and Oklahoma and tn
iilxteirt liberal covering by shorts and fair
im-cstment buying. Tho trade, however.
I is not wlillns to admit that thie is crop
I deterioration, although it is daily becom
1 Ing more .evident. Receipts continue less
'than the shipments, Chicago gelting only
i 3- cars.
i Sentiment in the corn trail is more
divided and unfavorable weather is de
laying planting and preventing corn al
; ready planted from germinating. The ad
i vsnce in wheat, with a fair cash corn
business, 475.000 bushels, with demands
for 280.000 bushels in Montreal, was a
Advance in .May.
Good buying by shorts and commis
sion houses advanced May from 38'ic to
6OV2C. although the close was at S9,c, the
recession being due to profit taking. July
touched 63v;c ami reacted 'ac nt the
last, while Illinois farmers and ' interior
shippers sold over 150.000 bushels No. 2
yfllow corn to arrive at. lc over Chicago
jlay. Receipts wore 223 cars.
Crop reports on oats are less favorable,
particularly from Kansas, Oklahoma, Ne
braska and Iowa. Reseedins in Iowa is
the greatest in over 30 years as the result
of cold and unfavorable weather. This,
with! the advance in other grains, brDught
in a general covering movement with
some investment buying, especially in
September, which was heavily oversold
and It advanced from S7 to 40'ic with
the close around 40 cents. Cash business
was good with 370.000 bushels sold. Cash!
prices were lc higher at the last, with
receipts 41 care.
P.ve was hard to buy. The seaboard
exporters control the May and there is
none offered except a little from the
northwest. May rye and wheat sold at
practically tho same price at one time.
Sl.42'4, which was the top on rye. with
the close '.jc under that figure.
There is a feeling in wheat that th'e
market will do better at least until May
10, which is the date for the calendar
traders to begin selling. One of the larg
est exportors who was Iters today said
that soiling of July wheat was dangerous,
as the discount was too great under the
cash grain to make It safe. He believes
that the money market is to ease and
that creditB will bo better, which' would
help all grains' because they have deflated
to a level that makes tnem safer for
buyers. With cash) wheat $1.50 and higher,
it comes nearer representing the cost of
producing, while July at 40 cents u,nder is
regarded as too low.
Receipts of wheat at Minneapolis were
144 cars; Duluth, 40; Winnipeg, 3 56 cars.
Logan and Bryan have the following
from John Inglis: "Wellington to Tinid
wheat shows marked deterioration. Some
fields promise an average crop. On the
larger acreage unhealthy, losing color:
decline in condition will be more mani
fest when it heads. Oats good; will fin
ish planting corn this week. Find no
insects. Enid. Kingfisher and -Olreno
wheat keeps falling down. Southward
general condition poor: some fields w:ll
oe plowed up: no bugs: some fields will
louse ruining the oats; doubt if any win j
Van" Dusen-Harrington crop report says:
"Northwest crop prospects at present are j
favorable and above average for this time
of year. There are exceptions, .such as
some districts in central Montana, which
are in need of moisture."
Beatrice: Neb., wired: "Our local mill.
selling wheat: say there is not enough
business to keep them going half the
time. Country offtring a little more
Minneapolis message saysr "Exports
from Milletti and Webster. S. T)., say
early wheat is up and tt looks yellow and
very thin. Line elevator man just told
me there was still 25 per cent oC wheat
to seed in northern part of North. Da
kota." W. F. M"urphy of Farnum; Winter and
company, had tho following from Kan
sas City: "Letter from Enid. Ok!., says'
tho writer has Just returned from Elrena
and while the wheat looked good from
the road, yet when you get into the
fields you find that thera is very little?
that shows up as good as it looks from
a distance. The wheat is thin,- spin
dling and yellow and most of the small
stools are dead."
E. A. Boerner of Stein, Alsteln and,
company says: "It seems to us that the
position of tho old crop is now too vital
a factor to be ignored, as many are in-
clearances are greatly in excess of a year
sgn and that there is tlH large quanti
ties or unsnippea wneat.
CHICAGO CLOSING PRICES.
Ky I'pdike drain Co, Doug. 2627. May 5.
Art. I filofe. I Hlgh.'l Low. Close. YesVy
WhU I I I I
May 1.38 t 1.4514! 1.37 1.44U .tH
.luiy 1.09 ' 1.15 ! 1.08'tl 1.15 1.09V4
Rve I II
Mar ! 1.36UI 1.42V4; l.SSSil 1.42 l.SVi
July ! l.SV4( 1.10 t 1.08i 110 l.OSVi
Sept. ,94Vil .9SHI .944! .98 .95
Corn 1 i 1
May I .55,; .60V .5S',4! .$ M
Jujy ' .61 i .63Vi! .60T4 .62V4 ,6t'4
Sept. t .63' .65V4) .63 .64VJ .6S!i
Oats I III
May 1 .341 .3Hl ,34'i .SOH ,344
July I .37Vi .aSS I .361 .38tj .ST'i
Sept. .37 .40',tr .7H .40 37i
Pork I I
May ;16.60 16.20 IH.50 16.70 16.50
July 16.50 17.20 16.50 17.30 16.65
Mev. I 4.3S 9 60 9.35 9 60 9.SS
July I 9.65 95 9.65 9.90 9.75 '
May ! 9 .37 65 9.37- 9.65 9 42
July I 9 75 9.95 9.75 9 95 9.77
Minneapolis, Minn.-, -May 5. Wheat R- j
ceipts, 144 cars, compared with 167 cars i
a year ago; cash No. 1 northern, 11.44 3 I
1.62; May. SJ.32; July, SI. SIS. I
Corn No. 3 yellow, 62 53c. '
Oats No. 3 white, SSSSS'ie.
Rye No. 2. S1.324J1.34.
Flax No. 1. S1.74i1.76.
Minneapolis Flour. ;
Minneapolis. May 5, Flonr Unchanged j
to 10c lower. In carload lots family I
patents quoted sr. SS.SO a barrel in 95- '
pound cotton sacks. '
Kansas City Grain,
Kansas City. May 5. Wheat May,
Corn May, HVjc; July, S5'4c; Septem
ber, esse -
St. Louis Grain.
St. Louis. May I. Wheat May, 11.46;
Corn May, B7c; July, lU614e.
Oats May, S9V4c: July. 40y,c.
Kansas City Grain.
Kansas City, May 6. Hay Unchanged,
Chicago, May 5. Potatoes Old, steady:
receipts. Si car; northern white, sacked
and hulk, 7085c rwt. ; new strong Flor
ida. No. 1. S9.0099.2a bbl.; Texas tri
umphs, $4.25 & 4.50 cwt.
Chicago Prod nee.
B ALEXANDER DANA NOYES
,hic.g Tribune-Omaha Be Leased Wire,
- . -ri. m.,.. ; A.-r rlav
iit riMi'.g prices on the stock e.-
! change and of only slightly easier
i monev rates on the open market in-1
. . .. . it.. j . i ii...
weekly teuerai reserve reports, con
trary to rather generally expecta
tion, the .New lork banks reserve
Vatidid. "?t 'J1""": !t villained
w' "e. "
Wednesday's lowering of the re
discount rate, therefore, was recog
nition not of any such sudden
change as the 10 per cent rise of
reserve percentage, in a fortnight
which caused the reduction in the
Boston hanks rate, but of the flirn
eral situation, present and prospec
tive. The reserve system as a whole, how
ever, reported another increase in its ratio
of reserves to note and deposit liabilities.
which, rising from 65 to 65 1-3 per cent.
"fl""' "rk '
total rediscounts were not greatty changed
irom tne preceding statement, but out
standing note circulation was reduced
$1,600,000 further, making $376,000,000 re
duction since the high point of December.
There was an increase of $U5.OO0,O0O in
the corresponding Interval a year ago and
a reduction of only $114,000,000 two years
ago. when the period covered the short
lived trade reaction after the armistice.
The whole reserve system's gold reserve
increased 525.700,000. It is now $284,000,
000 higher than at the end of 1920 and
$401. 70i,000 above this week a year ago.
Time I-oans .Lower.
Money rates on the open Wail street
market were little changed as a result of
Wednesday's reduction of the reserved
bank's rate, but It should be observed that
time loans on collateral had gone down
to the 6V-i per cent before the reserve bank
acted and that the "street rate" for com
mercial paper has been more or less
With transactions which crossed the
1,000,000 share mark for the sixth time in
1921 and for the fourth time in two weeks,
ttie advance on the stock exchange con
tinued. The advance reflected partly pro
fessional speculation for the rise and
partly the activities of speculative out
siders, but it hardly could be doubted that
the heavy buying proceeded in great part
from purchases to close out the lately
over-extended speculation for the decline.
This was perhaps especially true of the
railway (shares, in which further advances
of 1 to 2 points were numerous today,
bringing the active stocks 5 to points
above the year's low level of March or
Industrial shares moved irregularly, but
with many advances running from 1 to 3
per cent. The bond market advanced
more vigorously than on any preceding
day this week.
Foreign Kxcbango JRates-
Fnllowlng are todays rates of exchange
as compared with the par valuation. Fuv
nished by the Peters National bank.
Austria so .0030
Belgium 196 .0080
Ozecho-Slovakia . .. .0140
Denmark 27 .1820
England 4.s 3.9750
France IPS iOOSO
Germany .238 .0153
ttreecs 195 .0610
Italy 196 .0493
Jugo-SIavia . .0074
Norway .' .27 .1640
Sweden j 27 .23r5
Switzerland .195 .1773
Tho following quotations are furnished
by Logan Bryan:
Armour & Co. pfd
Armour Leather Co. common.
Armour Leather Co. pfd......
Cudaliy Packing Cp. common..
Hartman Corporation common.
LlbBy. McNeil & Libby ,..'.
Montgomery Ward Co
Reo Motor Car Co
Swift & Co
Union Carbide A Carbon Co....
. . 12H
.. 88 V4
.. 20 ?
. . 26
London. May 6. Bar Silver 35 'id per y Bar Silver,
ounce; monev, 4'j per cent; d.swunt New York. -May 6. Bar Silver Domes
rates, ehort bills. 5 per cent; three j tic. 99'ic: foreign, 617; Mexican dol-
months bills, 6V4o?4 per cent.
Manufacturer's Stock Purchase of
Over 5,000 Men's Fine
On Sale at
On sale at less than half regular
shirts. A wonderful assortment of splendid new patterns for your
selection, in fine woven and printed Madras cloths. They're cool.
They're comfortable. They're good looking. They will launder
well. These shirts will satify you in every way. Remarkable
At Saving Prices
Hundreds of Pair of Men's, Women's and Misses' New
Work Shoes for Men
Men's extra well made, long-wearing work
shoes. Every seam and all materials are
cut, designed and put together for the best com
fort and longest wear. Excellent for camping,
outings and other outdoor .
The Worth-while Kind
It is the good old kind of leather
slipper that always pleases, at. . .
24th and O Sts.
Ask for Green Tradinf Stamps or Free Tickets
New York Quotations
i Range of piie of th leading slocks
: furnished by Logan it Btjai, Peters Trust
; . RAM...
High. Low. t.'!o.e. Close.
A., T. P 4" S'i t' K34
Hall. Ohio 41', 40 4l, SS'j
Causdtan Pacific. . 11 5 il;n, 115 llf
-V. T. Central 72' 702 7?', 70'
he. & Ohio S4' tU'( h4'
line P.. It 14 11 14
It. North . pM . . . 7 !'4 V2B 7:: "'
Chi. lt. Westrn... 84 'i d's 7Tm
Illinois Central 92
Mo. Kan. Te... 2 U 2 2' ....
Kan. Cily South... 28", 27, 2S 27',
.Missouri Pacific. .. 21 21, 19'
N. Y., N. H. H. U; 17' IKS 17i
Northern Pac. Ry.. 76 1 75' 78 76,
Chi. & . W 67 S4 67 64 !t
Penn. R. R Ih'i 35 4 "5
I'.tading Co 77 S ', 7 1 it "' i
i. r. i. & p aau ?K sou so
South. Pac. Co . . . 78'j 7s
Southern Railway. 2:1 2H4 22
('.. M. & St. P 2V 27, 2S4 27
Vnion Pacific 1I9S 118 119 117,;
Wabash 8, 81 ' ,-
Am. Car A Fdry..l?H 128t UJH, US',
Allis-Chal's Mfg... 38t 38
Am. Loco. Co 91 "A- S"8!
l td. Al. mi. Corp. 22 :(2
Baldwin Loco. Wks 9:',ii 91
Both. Steel Corp.. 64 ti3i
coio. F. I. Co.. ::2, S1U
t.'rucible Steel Co.. 88 '., 8S
Am. Steel Found.. Kl'a :i0T,
Lackaw'a Steel Co. 541,? 54
Midvale Stl. Ord 29', 2i
Pressed Stl. Car Co 88-ii 88Ai
Hep Iron Stl Co 66 66',
Rv. Steel Spring.. 0'k S9
RlOSS-Shef Stl At I. 44'5 44 44
V. S. Steel 86U 3H 86
Anaco'a Cop Min. 42'i 41' 42
Am. S. & atg. Co. 43"i 4: 43 1,
B. s 8. Mln. Co.. 15 I4'i Hi
Chile Copper Co.. 1214 ll 32
Chlno Copper to.. 25 251
lnsp. Cons. Cop.., .-i1 36
Kennecott (ipper. J2 21 84
Miami Copper Co.. 2 3 IS
Nov. Cons. Cop Co 14 'i 12't
Kay Cons. op. Co. 135 14s
Utah Copper Co.. 55 63'i
Am Beet Sr Co.. Si SS'.
36 1, S6V,
71 71 V
A . G. & V. I. S. S. 43 4 2
Am. Inter. Coto.. 53V. M3,
Am. Sum Tob Co 72 71
Am. Tel. A Tel... 108
107 '4 10
Brooklyn R. T. . .
Am. Can 32
Chandler Motor... 84 "4
Central Leather... 40H
Cuba Cane Sugar.. 30
Cal. Pkg. Corp 0li
Cal. Pet. Corp 47 'j
Corn Prod. Rfg Co. 75"i
31'4 8174 31 ?i
S3-t , 8314
S9'4 39 39 U
20 20 20
69 i 60 '4 60
47' 47 47 i
74T, 74', 76',4
62'i f.4' ....
184 18 18
137 137, 137
1 i 1 1 'a
Nat. E. & S 4V,
Fisk Rubber Co. . . 19,
Oaston, W. & W
Am. 11. & L. . ..
H. A B. Car
4.1-, 41 '4
V. S. Ind. Alcohol. 78 72
Int. Nickel 3 7 16,
Int. Pape OnVj
Aiax Rubber 37
t4, 654 f.4i
36 U 37 36 '1
Kelly-Springfield .. 64' 62'4
6 8 14
Keystone T. & K . . 17 16
Maxwell Motor ... 6
Mid. States Oil
130'i 147'i 149H 148
14 14, 14 144
Puro Oil Co S6 36 "4 36
Willys-Over. Co. . 10V4 10V,
P.-A. P. & Trans. 71 09
1014 10 Vi
70 ii 69',
Plerce-Ar. Motor . 41 V4 40 'i
Royal Dutch Co. . 69 '4
8Vi i94 68
U. S. Rub. Co. ..78 44
Am. S. It. Co. ... 90 14
Sin. Oil & Rfg. .. 27 T4
Sears-Roe. Co. ... 86
Strom. Carb. Co. . 45 i
Studo. Corp 93 4,
Tob. Prod. Co. ... 54 '4
S3 Vi 85V,
S9 44 89 44
Trans-Con. Oil .. 12
U. S. Food P. C
V. S. S., Rfg. & M. 34
Whits Mot. Co. .. 43
Wilson Co.. Inc. . . 4214
West. El. & Mfg . 49
Am. Wool. Co. .. 82'i
38 Vi 34
Total sales, 1,299.000.
Money, close, 6: Wednesday close, 6'4.
Marks, Wednesday close, .0151.
Sterling, close, 3.98V4; W41tistlay close,
New York Curb Stocks.
Tho following quotations are furnished
by Logan & uryaa:
.. 10 11
,. 62 & 64
.. 1t m
.. 7't 8Vi
.i 1"4 l'i
..- H 9
. . 1 i 0 1 "i
.. 14 l1,
.. 13 W 12V,
.. 4V4 4i
.. 10-4 10'4
.. 15i ....
V Boston Montana
Consolidated Copper .
Midwest Refining Co.
Slmms Petroleum ....
t S. Stemship ,
I'. S. Retail Candy ...
lars, 47 "ic
prices. No detail has been overlooked
Size 14 to 17
pehdable Quality Shoes
special, at . .
women or children, your
. Omaha Grab
May 5. j
rah wheat prices ranged 2 to 5c 1
higher today with top grades gener- )
My 3 to 4c up and .some selling at
t'e extreme advance. Lorn ranged
unchanged to 1 higher with the
general range 1-- to 1 1-Je up. Oats
advanrcd I-- to o-4
were -V higher and barley nominally
hiphci'. Receipts of wheat today
were moderate constituting the hulk
of isrrivals. corn moderate and oats
No. 1 hard, t car, $1.46.
No. 2 hard, 1 r, $1.47 (dark): 1 car,
$t.4!; 4 cars, f 1.45 ; 31 cars. 11.44.
No. :i hard. 3 cats. $1.43; 1 cat, 11.4"
(smutty); 6 cars. $1.42: 1 car, 11.42
(smllttv); 1 car, $1.41 (smutty).
No. 4 hard, S cars, $1.42; 1 2-3 cars.
$1 .40. '
No. 5 hard. 1 car. $1 38.
Sample hard, 1 car, $1.43 (18 lbs , live
I No. 3 sorlne. 1 car. SI S8 (northern).
ti 90, I No. 2 mixed, I car, S1.3S (mostly dur
sj ' .ti 1 umi.
! No. 8 mired, 1 car, SI. 4 3.
iso. t mtxea, 1 iin, (nmuii.1 j.
No. 1 white, 1 car, 63c.
No. 2 white. 3 cars. iJ'.jr; 2 cars, 12c.
No. 3 white, ) ear, M ac.
No. 1 yellow. 1 car, 63c. ,
No. 2 yellow. 2 cars. 52 '.
No. S yellow. 2 cars. slSc; I ear. 51 'ic
(shippers' weights). 2-3 car, Rl Vc.
No. 4 yellow, 1 car, 61c (15.2 per cent
No. 6 yellow, 1 ear, 41c (four).
No. 2 mixed. 2 care. 60c.
No. S mixed, 1 car. 60vc (near white);
1 car, 60c (drv); 1 car, 4S'4c: 6 ore. 48e,
No. mixed, 1 car, 46 'ic (musty, ship
No. 2 white. S cars. 33sc; cars, 85V4C
No. 3 white, 1 car. 35c.
No. 3, 1-3 car. SI. 33.
No. 4. 1-3 ar. SI. 3"
CHICACiO CAIi LOT RKCEIFTS.
Wheat 19 to
Corn 143 .9-.
Oats 61 79
KANSAS CITY RECEIPTS.
ST. LOL'IS RECEIPTS.
Wheat 64 91 27
Corn 36 42 20
Oats 31 21 6a
NORTH IV EST' N RECEIPTS OC WHEAT.
Muin 144 128 167
Duluth 40 65 32
Winnipeg 156 111
PRIMARY RECEIPTS AND SHIPMENTS
Receipts- Today. Tr. Ago.
Wheat 88, OHO 698.000
orll 69. Olid 308, 0l0
Oats 438, OOD 403,000
-Wheat 581,000 936,000
Coin 1,151,000 384. 0U0
Oats 334,000 615,000
Wheat 1. 3.'.n,0i'0 472.000
Corn 52. "00 4,000
OMAHA RECEIPTS AND SHIPMENTS.
New Tsrk Produce.
York, May 5. Butter MarKet
weak; creamery higher than extras, 36
ifi!37'4c: creamery extras, t',iiii
Bggg Sterier; fresh gathered extra
firsts, 272sc; firsts, 252G'4c
Cheese Unsettled; unchanged.
Live Poultry-i-Irregular, broilers. 40 f
70e; fowls. 42c; rooHters, 25c; tuvkejs,
3035c; dressed. ftuit, unchanged.
New York tieneral.
New York. May 6. Wheat Spot,
strong; No. 2 red, $1.71; No. 'i hard,
$1.76; No. 2 mived durum. SI. 69 0. I. f.
track, New York; No. 1 Manitoba. $1,83
c. i. f. track, last half May shipment.
Corn Spot firm; .No. 2 yellow and No.
2 white, 845Ci No. 2 mixed. 83?to c. i.
f. New York, 10 days shipment.
Oats Spot, firm; No. 1 white. 50 14 p. 61c.
Lard Firm: mlddlcwest, S9.9510.05.
Other articles unchanged.
3ew York Dried Fruits. i
New York, May 5. Apples F.vapoiated j
Prunes Quiet, owing' to large arrivals.
Aprjcots Firm. '
Peaches Steady. I
Raisins Barely steady.
London, May 5, Standard Copper Spot,
7i, 12s, Sd; electrolytic, 72. 10c; tin,
170, 6s; lead, i22, 10c; zinc, 126.
in making these fine summer
Spring Shoes and Oxfords
Boys' fine quality dress and school shoes, made by
the best manufacturers in the country and made
to give satisfaction, on sale, tO QQ
Hundreds of pairs to select from, in black, brown
or white, in shoe style, oxford or slippers for men,
to South Side Gym Bazar
Bonds and Notes
The following quotations furnished by
the Omaha Trust company:
Mat. Price. Pvt.
tsje 7 H 7 70
1 94 96S '.25
1929 93 8 09
1930 96 9 7.60
1941 Si's S.03
1945 99 7.68
1923 99'i 7.18
1921 9S', 7.85
1922 96V 7.81
1929 04 ;. :
1937 86 Vs 6.90
1929 88',, 8.03
1945 97'. 8.25
192.1 94 7.46
1946 10V4 7.05
1915 98 7 8.10
1923 90 9.85
1925 M'j 9.20
1931 67 lj 9.00
1930 98, 7.75
19411 102 7. HO
1941 99 7.10
1930 100'4 6.95
193t) 101i 6.89
195 9'j 8. or,
U.139 83 7.V4
1925 96 '4 7.l
1940 1C4', 7.55
1930 100 7,50
1931 100 7.00
T. Co... its
Am. T. A T. Co. ... s
Belgian Uovt 8 a
ll.il.ri,,, lli.vt ?l.
! nrtiiivhem Sled...,',,
itsiiiirnriH steel. ..is
Urittsh 5'n s
C. C. C. & St. L. . .
! Christiana .
I t'udahy l'kg. Co. . .7's
I lnmrk 11
i Kreoch Oovt s's
j H. F. Goodrich 7 s
.lap. Oovt. 1st 1'i't
.lap. tiovt. 4s
Morris it Co T ','s
Norway 8 a
N. W. flell Tel. Co.V's
N. V, Central 7 s
I'enti, Tt. R. Co. . . ,7's
S. V. Bell Tel. Co. 7 s
Swedish tlovt 6's
I Swift & Cu 7 s
I Swiss llovt 8's
r. S. Ruhber 7 ',,'
' West. Electric 7's
New York Money.
New York, May Piliue Mercantile
Papei 77'j per cent.
Sterling Demand, $3 97 ';; cables. S3. 9!.
Francs Demand, 8.01c; cables, 8 03c.
llelgiait Francs Demand, S.OU; cabin,
Guilders Demand, 35.23'-: cables. 33.35c.
Lire Demand, 4.90c; tables, 4.92c.
Murks Demand, 1.63r; cables, 1.54c
Greece Demand, 6.00c.
Argentine Demand, 30.12c.
Hrasltiai) Demand, 13.12c.
Montreal 10 1-16 per cent discount.
Time Loans Easier; 60 daj's. 90 days
and 6 months, 6V4 per cent.
Call Money Firm; high, UW per cent;
low. 6J4 per cent; ruling rate. 6V, per
cent; closing bid, 6 per rent; offered at
6'4 per cent: last loan. 6'4 per cent.
Francs advanced further in tho late
dealings; demand. 8.0c; cables, 8.08c;
BelKian francs, demand, 8.06c; cables,
New York Metuls.
New York, .May a. Copper Cjuiet; elec
trolytic, spot and nearby, 12 r:i 4f 12'ic; fu
Duluth. Minn., May 6. Linseed On
track and arrive, 1.72.
YOu'nC WLLCOMt IN
FARNAM AT IS
FARNAM AT I6T
ON DISICT CSS IINIS
fRO'-l 4,1 9'ATION,
With Detached Bath
$1.50 to $2.00
With Private Bath
S2.5C to $3 00
F. J. RiiMEY
FIREPROOFED WTH AUTOMATIC
KPR1NK 1 FllS.
By th. Picturesque
St. Lawrence River Route
1 MAKE RESERVATIONS NOW!
Sailing Every Few Days
Montreal and Quebec
Glasgow, Havre, Antwerp
Ocean Trip Shortened by
Two Delightful Days on
The Sheltered River and Gulf
Apply to Agents Everywhere or
40 North Dearborn Street
CANADIAN PACIFIC RAILWAY
With the Public Accounting- Service being ren
An audit made by the Richards Audit Co., fp
cusea the client' attention on what the figures
SAY a well a what they are. It brines into
high, relief all tha vital, personal and economic factors that deter
mine profit for business.
RICHARDS AUDIT COMPANY
A National and Hifhty Trained Organization
PUBLIC ACCOUNTANTS AND AUDITORS INDUSTRIAL
ENGINEERS INCOME TAX SPECIALISTS.
Detroit, New York, Chicago, Minneapolis, Omaha,
St. Louis, Tulsa, Flint, Saginaw, Windsor. ,
W. M. TREGO, Resident Mgr. 70S W.O.W.BIdr. Phone Tyler 5801
TXfE solicit your consignments
of all kinds of grain to the
Omaha, Chicago, Milwaukee, Kan
sas City and Sioux City markets.
We Offer Yon the Services
of Oar Offices Located at
Kansas City, Missouri
Get in touch with one of these branch
offices, with your next grain shipment
The Updike Grain Company
The Reliable Consignment House"
Swindler Brought to
Justice by Letters
In his attempt to seek leniency
from persons whom lie had swindled
out of money on fake magazine sub
scriptions, F. D. Gadlcy, 1404 Dodge
utrect, was arrested yesterday aiul
fined $50 and cost's in Central police
Whereabouts of Hadley were
learned tlirontsh letters he wrote to
several of liis victims asking them
to refrain from prosecuting him.
Hadlcy had solicited subscriptions
for fwo magazines and accepted ad
vance subscription money, lie op
crated principally in Dundee and the
north part of the city.
When arraigned in court, he plead
ed guilty to the charge.
South Side Brevities-
Kifrccil to vai'ale sale, millinery. !n
ilaks suit albums. Sir.i'ts Millinery Store,
as 1 7 S. :tth, South Side.
.Tohn l.ogus, 4 S 2 it South Twenly-ntxtli
street, was arrested AVeilnesdsy night 011
rointilalut of his wire, lm sslil ha hsil
beaten her. lie will liuve a hearing Sat
urday. ilarko Petrovlili. 4708 South Twentieth,
street, was grit-sled 011 complaint nf Ills
former wife, who says lie hue failed to
pay her the alimony allowed hy the di
Seventy young nu'ti nod women, suideul
nf the anlnint husbandry department of
the state university will be aucsm nf the
Union Stock Tarda onnnny today at
luncheon and will be tHkcn on a tour of
Inspection of the yurds and parking
Are You Going
to Move ?
Then Think of
Van& Storage Co.
Owned and Operated by
H. R. Bowen
The experience our
men have in moving
and delivering furni
ture has trained them
to do your moving just
as you would like it
done. You will appre
ciate their thoughtful
ness in seeing that
everything is wrapped
and protected just
They see to it that
nothing is left behind
which would mean a
loss or an added ex
pense. When they
move you, just notice
how different the serv
ice we give you is, than
the service you have
Arrangements can be
made by. phone. At
Sioux City, Iowa
Des Moines, Iowa
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