c
THE "BEE: OMAHA, SUNDAY, MAY 8, 1921.
rrradc Revival
Already Noted
Says Merchant
German Reparation and Fop
'" eign Exchange Situations
Indicate Rapid Stabiiza
tion of Business.
: By HOLLAND. .
Joieph H. Enery, who is the
executive head of one of the large
merchandising corporations, said in
midwinter that he did not look for
' any improvement in trade before mid
! summer. He has changed his opin
; ion. Yesterday he said that by May
' 1 considerable improvement had
taken place in the trade with which
he is identified and although he did
not put the statement into words yet
his intimation was clear that he
looked for continued improvement.
This is only one of many state
ments of like import which have been
made since mid-April by some who
are of high authority in trade and
mercantile conditions. It is said that
the stock market discounts ten
dencies. Is discounting of that kind
now in progress? If it be then the
securities market is beyond Question
showing that the irresistible force of
fundamental tendencies is now influ
encing that marker. , It may be that
these influence is not at yet very
strong. But It is certainly different
from the liquidation which began
months ago and which reached its
lowest point in December of last
J'ear.
Ktabllhtatlon Tendemtlea.
One of th ablest of the eoonomio au
thorltlea In New Tork city has called
the Attention of his friends to what he
regard aa th trend of devclopmant. Ha
la certain, a almost all tha lcadcra in
tha flnnni'lnl district are, that tha Ocr
man reparation problem la approaching a
axttlamerrt. It hla opinion be correct, i
settlement of that kind will ba of bene
fit to the entire world. Foreign exchange!
ara .nooestlonably tending toward stabl
ligation and when thla la accomplished
It wtll ba of great help. The tact that
stabilization la In progress la one of tha
favorable fundamental tendencies. Foreign
trade credits are sure to expand and thla
tiifvini an Increase of our trade with
other parts of the world. The English
coal strike Is not yet ended, but the be
lief hero M that progress- la towards a
uttleinent of what was one time a very
dangerous condition.
Presumably railroad rates and wage
ara tending downward, although it may
ba aotne time before the adjustment is
aatlsfaetiiry. But the tendency la recog
nised and It constitutes one ot the Influ
tjnree which! are inspiring hope and con
fidence. .
Steel Industry.
Although the steel Industry la unnue
tloaobly somewhat depressed and produc
tion reduced t nbont 40 per cent, never
thtlese, the tendency towards reduction In
tfce prices heretofore quoted for ateel and
alao reduction of wages which will match
the reduction in price, win In all probabil
ity be followed by a revival ot order.
While tha ateel industry as a whole la
ov somewhat depressed, nevertheless the
various corporations engaged In thla Irt
iuatry have ao directed their affaire that
they were able to accumulate large aur
ntuwt1. For Instance, the United States
Bteel corporation has a surplus of con
siderably over 1500,000,000, whereas, eight
veara ago th aurplua was only 16S.08,
004 in round numbera. Tha Bethlehem
company reporta a surplus of nearly 111,
000,000 and that la la.ooo.000 mora than it
Had in 191(1.. Tha Crucible, the Lackawan
na, the Jtldvale and the Republic report
.large lncreaar-a In their surplus.
It la upon these surpluses that tha ateel
l duatrlea will rely In great meaaura for
assistance go that they may be able to
Hv during thla period of dcpresalon.
Money 1. to be mora plentiful.
Industrial production la increasing on
tha whole and it ia Increasing enormoue
ly In the automobile industry. So far as
It la posalbla to forecast the harvests of
next summer and of early autumn the
outlook la, weather permitting, tha har
vesting of ona of the largest crops on
root1, Irw.l.tlMe Tort.
taU In tha winter and aarly In the
apring aoraa who hava been giving care,
ful stody t. present day cond tiona felt
3atmd'l saying that tha irresistible
fundamental forces were coming into
play They are factors which ara in
fluential In bringing about the ret,in?i
normal prosperity. Soma hava eald that
wa do not need tha gold which la flowing
in mighty currents from others parts ot
th world to tha United States. t It de
pends upon what Is meant by tha word
f'need". whether thla atatament I ac
ourata or not. From ona point of View
wa do not need the gold. From another,
tha possession of this gold wilt undoub-
edly tend to check further deflation and
will ease tho credit situation. New Tork
heart that In a. short time thera la likely
to ba reduction ot discount rates in aev
aral dlstrlcta in tha Country, almllar to
tha Boaton dietrlet where a reduction has
already taken place.
Arctic and Tropica.
Th praaldant of one of the larger oil
producing corporatlona of tha United
State Is, now In Mexico, or wa recently
' there, presumably having been summoned
by tha reporta which reached New York 1
that an oil wall upon hla property had
been drilled from which approximately
40.000 barrel ot oil were dally flowing.
Qther well in Mexico are reported to be
yielding phenomenally end it the reporta
be correct they will serve to counteract
some of the nnfavofable reports which
have reached New York respecting tha
Mexican oil field. The ablest oil authori
ties believe that new Mexican field are
to yield enormously. These fields are In
th tropic of those of South America.
But It I the impression that far away !
under th Aretl circle oil fields are soon
to be exploited which may match in their
output some ot the greatest that have
been operated either in the United States
or In Mexico. Certainly there would not
be a large investment ot capital for, tha
working of these Arctic oil fields and the
transportation ot oil by pipe line for ,
more than 10.00 mile unlena there ware
'oaftdeftce that the oil production there
. would Justify th outlay.
Foreign Ktchange Rate.
Following are today's rates of exchange
a compared with tha par valuation. Fur
nished by th Peters National bank.
Tr Val- To-
useMon day
Austria ....1...30 .0030
Belgium ,. .11
CMcho-SIOvakt
Denmark , .ST
England ..,.4.8
France .4 .13
Qemvany
Greece. . 15
Italy 15
Jugo-Slavls,
Norway 17
Poland
Sweden ....... ....r ST
Switaerlnad , Its
Canada 1.00
Market, Financial and Industrial News of the Day
mmem' , , i i ,
I " in- i . . : ,
I I r. r
Live Stock
Financial
Reteipts were Cattle Unas Sheep
Official Monday .. 3.91(1 ,I10 6.188
Official Tuesday ... MOO t.lll S.65S
Official Wednesday.. 4. 377 13,021 S.304
Official Thundav... 4.0.1S 11. Ill) 4.7
Official Friday 4,130 S.SSfl f,Ml
Ultimate Saturday... to s,70
Six days this wk. . .. . JS,4j tl.Otl SS.434
Same dnys last wk.. .31, 10T 76,701 31,624
Sam dvnlwkl.afotl.nl Sl.lt 44,331
Same dys S wk. ago 10.133 43,043 6,5S
Same dys yr. ago.... 30.400 34,7(4 28,241
Receipts and dlssosttlon of live stock at
the Union Stock yarda, Omaha, Neb., for
24 hours ending at l o'oiock p. in.. May
,7, 1921:
K rL n.1 rrs laiu.
' Cattle Hogs Sheep
Union Pacific 1 II
C. & N. AV., east 1
C. & N. W., west 45
C., St. P., M. A O t
C, B. A Q., east 3
a. at u., west s
C, R. I. A P., east 1
C. R. I. A P., west 1
Chicago Gt. West 1
Total receipts....... 3 16
DISPOSITION HOQS.
Co.
Morris
Swift A Co.
Cudahy Packing
Armour A Co. .
J. V. Murphy . .
Hlgglna Packing
Dold Packing Co
Cudahy Bros. . .
50
3ft
1,301
1,2 15
1,071
61
631
761
Total 0,175
Co...
Co.
Cattle With only about 10 head of
cattle on sale today the market was
nominally steady at yasterday'a decline.
The week's total receipts have been 35,
200, On lic'ht supplies Monday and Tues
day beef and butcher cattle advanced aa
much aa 76c, but part of this gam wa
lost Thursday and Friday and at tho close
prices ara not over 2SO 60c higher than a
week ago. Top tor the week on ateerg
of Ml waa the hlgheat In nearly n
month. Stockara and feeder are In vary
ngat supply ana sola about a quarter
higher this week.
Quotations on Cattle Choice to crime
beeves, i.id jpg.60; good to choice beeves
37.76t.lO; fair to good beeves, 37.260
7.60; common to fair beeves, U.57.25:
good to choice yearlings, g.00S.3S; fair
to good yearlings, $7.3607.86; common to
fair yearlings. 3S.25S7.O0; choice to prime
heifers, 1. 0007. 60; good to choice heifers,
36.76O7.00: choice to prime cows, 6.6!
7. 00-! good to choice cows, 16.00 96.60;
fair to good cows, tS.265.9Q: common to
fair cows. $2.00(M.50; good to choice
feeders, $7.267.76; fair to good feeders.
36.6007.26; common to fair feeders, 15.75
C. 50; good to choice stockers, 7.00Q7.60;
fair to good stockers, 6.257.00; com
mon to fair stockers, t6.00igi6.00; stock
heifers. 4.606.00; stock cowa, 33.76
6.00; stock calves, 15.00(97.60; veal calves,
35.00OS.60; bulls, stags, etc., I4.76QI7.00.
Hogs The webk Is closing with a mod
erate Saturday run of hogs, about 6,700
head showing up. Trading was active
from the start and most of tha hoes
sold at advances of about 10c, although
occassional sales were reported at prices
uuotably atrong. Light hoes made a top
of ti.30 with bulk of the receipt selling
irom 7.60iQ)8.26. The trade this week
ha been featured by a fairly broad pack
ing demand and quite a little improve
ment In prices. Compared with a week
ago current value show a general ad
vance of 60 60c.
HOOH.
No. Av. Sh. Pr. No. Av Sh. Pr.
42. .424 460 $ 6 60 71. .254 640 3 7 25
67. .343 140 7 60 64. .348 40 7 65
SO. .331 40 T 60 66. .338 70 7 65
67. .300 110 7 70 6.1. .332 ... 7 75
4..:i04 70 7 80 66. .268 70 7 85
60. .2aT ... 7 0 70. .460 ... 7 05
80. .18 40 S 00 74. .250 110 S 05
72.. 233 ... 8 10 82. .234 40 8 15
73. .211 ... 8 20 SI. .188 ... 8 26
83.. 210 ... 6 30
By ALEXANDER DANA NOYES.
Chicago Tribune-Omaha Bee leased Wire,
New York, May 7. A week un
usually interesting; for its occurrences
on financial markets .ended today
with another vigorous advance in
European exchange rates, which con
tinued the show of strength in the
bond market and with the irregular
movement which was t& be expected
at the week-end in the price of stocks.
Sterling exchange reached $3.98?
in the early trading; a rate which has
not been touched since April 9, last
year, and which in fact, was equaled
or exceeded on only three days of
1920. The high point of a year ago,
$4.064, was reached in one day's
violent rise from a rate below that
of today, and was not maintained.
Exchange on France and Italy also
rose today to the present year's
highest rate and. notwithstanding re
action before the close, the market's
trend was unmistakable.
Foreign exchange is in these days so
highly speculative a market that most
people are rightly on their guard against
inferring too much from lta extreme move-d
menta. The cables enow, in fact, tnat tnc
sterling rate on two such neutral markets
as London and Stockholm did not advance
at all last week, but' closed fractionally
lower. Still it Is probably safe to assume
that the week's great atrength of New
York exchange on tha markets of the
entente powers Indicstea the belief of
speculative markets that Germany will
this time come to terms. If that happens
and we shall know during the next few
days Its effect on the European markets,
and probably on our own, would be con
siderable.
Motor Stocks Drop.
On the stock exchange tha natural week
end reaction was, for a time, somewhat
emphasized today by news of a cut in
price by on well-known motor, car con
cern. A few week ago one wouia nave
said that this was touching Wall street
In a sensitive point, for the automobile
Industry had been somewhat prematurely
ataiad aa an industry already far on the
way to revival of prosperity. I caused
declines in a number of stocks, but they
were mostly (hares in companies of that
industry, the rest of the market holding
firm and closing very generally at frac
tional net advances.
Comparison of last week's closing prices
with those of the week preceding shows a
long list of striking gains, the advance as
a whole being perhaps larger and better
distributed than in any week since .the
first fortnight of January. Compared with
the year's low nrlces (very generally
reached in March Or April) recovery of
8 to 10 point has occurred in many actitve
shares, both railway ana industrial.
A fairly long list of industrial stocks
reached, last week, the highest prices of
1324, to date and the same thing can be
said of a smaller number of railway bonds,
of nearly half the European government
and money bond dealt In on our stock
exchange, and the United States victory
4 per cants.
Chicago Grain
Sheets-Only two
received today but
loads of lambs were
they were consigned
direct to a packer and trade was nom
inally steady. ISO material chance has oc
curred In the market this week although
fat lambs have been slow sale since
Wednesday with closing prices about a
quarter above a week ago. This advance
applies to both wooled and shorn fed
lambs. W ooled grades are quoted up to
$10.75 and shorn lota have been selling up
to fi.88. Sheep continues scarce with good
ewes quoted up to 17.25.
Quotations on sheen: Rent fnt lmh,
810.5010.75; medium to good lambs. 39.7$
Wio.Mi; plain ana heavy lambs. 18.75
S.76; ahorn lambs, 38.6091.85; good to
choies ewee, $5.767.25; spring lambs,
19.00011.66; fair to good ewes. It.OOfl)
C.to; cun ewe, 82.003.50. Spring lambs,
st.ivwi'.ov.
.0887
.0141
.1816
S.98
.0837
.0164
' .0590
.0511
.007
.1545
.0016
.2360
.178S
.9100
Omaha Hay Market. v
Pralrl Hay lair receipts, good demand
for to grades. Low grades, vary draggy.
Frloe remain firm.
Alfalfa Recelpta very light. Etceptl.rn
- ally good demand for the better grade.
Pair demand tor th lower grade. Prices
firm.
Straw Receipts nominal Little demand.
Price firm,
N. 1 upland train hay, S11.09ei3.t:
No, I upland prairl hay, 10.0011.00;
No. t upland prairie hay, 17.00 J. 6.
No. 1 midland prairie hay, 11.0012.00;
No, I midland prairie hay. tS.00t.00.
No. 1 lowland prairie hay, S8.609t.60;
No. I lowland ralrl hay, $7.0098.00;
choice alfalfa hay, Sl.ff !3.00: No. 1
'alfalfa hay. $18.00030.00; Standard al
falfa hay, $14.00917.10; No. t alfalfa hay,
$8.60 911.00; N. S If a! fa bay, $7.0098.00;
eat atraw, $8.0099.00; wheat atraw, $7.60
, 9100.
New Tork Prod nee.
JfW Tork, May T.Butte Steady ;
creamery, higher than ettraa, 84 "4 937c;
creamery, extra, 3614 9 JSc; creamery,
tint. 33936c.
Kgga Firm; freak gathered extras
first, 37 61 to; flrste. S6 9 34V.
Cheese Steady: unchanged.
' Lle PoultrySteady) turkey. Me.
Dreesid Poultry Quiet, price un
changed. New 'Tom Dried Fruit.
Nw Tork, May T. Brporatd Apple
Nominal.
Prunes Steadier.
Apricot ad Feaohee Mrm.
Aaliln Quiet.
1 1 ' " " I
Liberty Bead ft-tre.
Liberty bonde cloeed: tie, St. 10; first
4. 87.4 bid; second 4. 8T.34; first 4.
87.88: second 4H. 87.34; third 414a, 90.64;
fourth 4Hs, 87.44; Victory 14 a. $8.00;
Vwterf 4, tt.W.
Chicago rraxtnee.
Chics go, May T Patter Higher;
Tannery extra, lie: standard. It Ho.
Iktut 'ChcBanred. Receipt, 34,174 e.
Chicago Live Stock.
Chicago. May 7. Cattle Receitsts. 700
head; compared with a week ago. good
and choice heavy beef steers 3560c
higher, other and yearling's steady to 45c
higher; fat she atock and bulla steady to
26o higher; veal calves mostly 25o hiaher:
stocker and feeders steady to 25c higher.
Hogs Receipts, 7,000 head; market ac
tive and strong to 10c higher; top, $8.80;
bulk of sales, $8.30 8.75 ; pigs steady,
$7.2598.35.
nneen and umin Receipts. 4.000 head:
receipt today all to packera direct; com
pared with week ago, fed lambs 33940c
higher; spring iambs uneven, but sharply
lower; yearlings and sheep generally
steady.
m St. Lout Lit Stock,
East St. Louis, May 7. Cattle Receipts,
300: four loads Texa steers steady, com
pared with week ago; steer 60o t 76c
higher; Texas streers, 25c lower; cows
and light yearlinga and heifers, 60c
higher; bulla, 25 to 60c higher; canners,
steady; stockers and feeders, 26C higher;
calve, 26c lower.
Hog Receipts, J.tOO; active; 15 to 23c
higher; lightweights showing most gains;
top, $8.76r bulk light and medium weight,
$3.809876; practically no heavy hogs
here; packer sows and pigs steady; quality
and clearance good.
Sheep and Lambs None; no market;
for ,th week, apring lambs $1 lower;
clipped lambs, 60c higher; ewes, 25 to 60c
lower.
Kansn City Live Stock.
Kansas City, May T. Cattle Receipt.
450 head; for the week: Beef steers,
steady to $5o higher; she stock and can
ners steady to strong; bulk, 10915c
higher; calves, steady to 60c higher;
stock cow and heifer. 60c higher.
Hog Receipt, COO head; market ao
t've, (trong to 10c higher than yester
day' gvevage; best light to packera,
38.35; bulk of sales, 38.0098.28.
Sheep and Lambs Receipts. 300 head;
for week: Itambs fully 26o higher; sheep,
10!5o lower.
Sioux City Live .Stock.
Sioux City, la.," May 7. Cattle Re
ceipte, 100 head; market, nominal; fed
Steer and yearlings, $6.5098.50; fat cows
and heifers, $4.0097.50; canners, S2.no w
veais, 6.iiur3s.E ; caives, d.vuj'
feeding cows and heifers, $4.50
stockers, 35.5097.50.
Hogs Receipts. 3,000 head; market.
Steady; light, $8.008.26; mixed. $7.76
1.00; heavy, 7.2o7.70; bulk of sales,
17.6097.85.
Sheep Not quoted.
Kim
i.00;
.25:
.76;
St, Joseph Live Stock.
St. Joseph, Mo May 7. Hogs Receipts,
$,000 head; 10c higher; top, $8.36; bulk,
$7.9098.15.
Cattle Receipt. 1,000 "head; nominal;
teers, $7. 00 8. 60; Cowa and heifers, $4.00
98.75; calves, $6,0098.00.
Sheep Receipts, 1,000 heed; nominal;
lambs, $10.00910.75; ewes, $5.5096.50.
New Tork Bonds.
The following quotatlona are furnished
by Logan ft Bryan, Peter Trust building:
Atch. Gen. 4s 7? 77 H
B. A O. Qld 889 S8"i
Beth. Steel Ret. 6s
Cent. Pac. 1st 4s..
C. B. & Q. Jt. 4s...
C. M. St. P. Uen.
C. N. W. Gen. 4e.
L. & N. U. 4s .
New York Ay. 4s..
Nor. Pac. P. L. 4s. .
Reading Oen, 4s..
C. P. 1st 4s
U. S. Steel 6s
V. P. 1st Ret. 4s..
8. P. Cv. 6s
S. P. Cv. 4s
Penn. Con. 4Hs....
Penn. Gen. 4s...
C. O. Con. 6s....
Ore. 8. L. Ref. 4s..
4s.
84H9 i!i
7S 73i
999 99
6H
75W
81 9
20 9
759
77 k 9
81
9b till 06
754j 76.
83 til
79 if
& V
76H8
85
79U9
67 i
1
24
74
'1
HI",
S3
'ii'i
S7i
844
7'4
Chicago Stock.
-The following quotatlona are furnished
by Logan Bryan:
Armour Co., pfd 89 "t
Armour Leather Co.. common...... 12
Armour Leather Co., pfd 88',
Cudahy Packing Co., common 62
Continental Motors 6
Hartman Corporation, common 75
Libby, McNeil at Llbby t'i
Montgomery Werd Co. (IH
National Leather S
Reo Motor Car Co Ill
Swift A Co 100
Swift International 36
Union Carbide a Carbon Co. n
t Bof Silver.
London, May 7. Bar Silver 36 Hd per
ounce,
Money 4 per cent.
Discount Rate Short bills, i per rent;
three months' bills. 64 95a per cent.
New York, May f. Bar silver, do
wteettn. ttc; foreign. 62Vic; Mexican
dollar, 4t
New York Quotations
Range of prices of the leading stocks
furnished by Logan & Bryan, Peters Trust
building:
RAILS.
Friday
' H. L. Close Close
A. T. & S. F. 82 82 82H ii'.i
Baltimore & Ohio. 41 404 41 41 U
Canadian Paclflo 115 114 115 115
N. Y. Central 71 71 71 72
Ches. & Ohio 64 U
Erie R. R 1H4 14 14 14
Gt. Northern, pfd. 72 72 72 U 72i
Chi. Gt. Western.. 8 8 8 8
Illinois Central , 90
Mo., Kan. & Tex.. 2 2 3 2
K. C. Southern.... 28 27 27 27
Mo. Pac 22 20 21 21
N. Y., N. H. & H. 19 18 18 19
Northern Pac. Ry. 76 75 7 76
CM. & N. W...... 67 66 66 66
Penn. ft. R 35 35 85 35
Reading Co. 76 76 76 76
C, R. I. & P 32 31 32 32
Southern Pacific 78 ' 77 78 77
Southern Ry. .... 22 22 22 22
Chi. Mil. A St. P.. 28 28 23 28
Union Paclflo ....120 120 120 120
Wabash 8 8 8
STEELS.
Am. Car & Fdry..l28
Allis-Chalmers Mfg 38
Am. Loco. Co. ... 80
Utd. Alloy Steel
Baldwin Loco Wka 91
Beth. Stl. Corp... 64
Colo. Fuel & Iron 32
Crucible Steel Co. 84
Am. Steel Frtrys. 31
Lackawanna Steel. 43
Midvale Steel, Ord 29
Pressed Steel Car
Rep. Iron, Steel Co 65
Ry. Steel Spring
Slow-Shot Stl, Iron 4
Utd. State Steel.. 86
. COPPERS.
Anaconda Oop Mln 42
Am Smlt. Rfg Co. 42
Butte, Sup Min Co 15
Chile Copper Co.. 12
Chlno Copper- Co.. 25
Inaplr. Cons. Cop, 36
Kennecott Copper. 21
Miami Copper Co. 28
Nev. Cons. Cop. Co 12
Ray Cons Cop Co 13
Utah Copper Co.. 55
117 128
:iMi it
90',
90
03
32
84
30
43
29
90
91
64
32
64
30
43
23
64 66
43
85
41
41
34
11
85
36
21
23
12
14
64
4.1
85
43
15
13
25
36
21
23
13
14
65
127
38
90
33
91
C4-
32
85
31
42
29
89
5
90
40
35
41
42
11
12
25
36
22
23
12
14
65
INDUSTRIALS.
41
42
61
71
38
80
38
20
tl
43 -62
71
38
:o
43
63
71
38
80
107 108 107
31 31 31
88
21
I6
74
63
18
82
39
20
61
46
75
63
18
47
74
63
18
137 137 137
1 1 1
13
40
11
68
72
1
64
85
61
16
6
12
40
11
68
71
16
4
35
50
16
163
14
13
40
11
68
72?1
35
61
16
6
Am Beet Sug Co 41
At), G ft W I S 8 43
Am Inter Corp.. 62
Am Sum Tob Co.. 72
Pacific Oil 38
Am. cot. ou Co..
Am. Tel. A Tel.. .108
Am. Can Co 31
Chandler Mot. Car 81
Central Lthr. Co., 38
Cuba Cane S'r Co. 21
Cel. Packing Corp. s . . ,
Cat. Pet. Corp 48
Corn Prod. B.fg, Co 76
Nat. Enam. A St.. 63
Flsk Rubber Co.. 18
Gen. Electric Co... 137
Ga. Wins. & Wig. 1
Gon. Motors Co... 13
Goodrich Co 41
Am. H. & Lthr. Co. 11
Hask. & Brkr Car 68
U S Ind Alcohol Co 72
Inter. Nickel .... 16
Inter. Psper Co.. 64
Jbx Rubber Co.. 35
Kelly-Spr'gf'ld Tire 61
Keystone Tire, Rub 16
Maxwell Motor Co 6
Mexican Pet. ....156
Middle State Oil 14
Pure Oil Co
Willys-Overland Co 10
Pierce Oil Corp
Pan-Am Pet, Tran 72
Plerce-Arrow Mot. 38
Royal Dutch Co... 69
U. S. Rubber Co.. 77
Am. Sug Rfg Co.. 92
Sinclair Oil ,Rfg.. 28
Sears-Roebuck Co. 84
Stromsb'g Carb Co 43
8tudbaker Corp... 88
Tob. Prod. Co , 65
Trans-Cont. Oil.... 12
Texa Co. 41
V. 8. Fd. Pr. Corp 23
U. S. S., R. & it.. 33
Whit Motor CO.. 41
West'se El. ft Mfg. 48
Am. Woolen Co., 80.
Total sales. 430,800.
Money Friday's close, 4 per cent.
Marks Close, .0152.
Sterling Close, $3.98; Friday's close,
$3.98. . .
Bonds.
The following quotations are furnished
by Logan A Bryan, Peters Trust building
153 165
14 11 i
9 9
71
37
68
76
91
27
84
43
86
64
11
41
23
33
40
48
79
71
38
ft
11
92
27
84
43
86
64
13
41
23
33
40
43
78
36
10
10
72 N
3t
63
78
91 V,
27
34
43
88
14
11
41
33
34
41
48
80
1932
Ref.
Am. Smelt. Ref,
Am. Tel. Col. 6s. 1946..
Armour 4s, 1939
B. A O. Ref, 5s, 1-995..
B. & O. Ref. 4s, 1933..
C, M. St. P. Gen. 4s,
C. M. A St. P. Gen. A
4s, 3014
C, It. I. A P. Bcf. 4s. 1934..
D. A R. G. Col. 4s, 1136
Gt. Nor. 4s, 1961
111. Central Joint 6s. 1133..
Mo. Pac. Kef. Cs, 1t28 00 9 90
Mo. Psc. Ref. 6s, 1124 82 82 'A
769 78
64 9 61
879 88
61 62
669 66
SI W Z
9 69 "A
88
76'4B 711-4
82 9 82
79 OU 79
70 if 70
70 if 70
66 9 C7
60 (ji 60
7j 67
4 9 64
78 79
739 74
Mo. Pac. Gen. 6a, 1976
Rio Grande W. 1st 4s, 1939.
St. L. A S. F. Gen. 6s, 1927.
St. L. ft S. F. P. L. 4s, 1950.
St. L. & 8. F. Adj. 6s, 1965.,
8t. U A S. F. Inc. 6s, I960..
S. T. A S. W. Inter. Es, 196 68
Wilson 6s, 1914 87
tr s-a Cl - , m. IT
K. C. Son. 6a, 1959
C. O. W. 48, 196t..
Sea BrI 4s, 1989...
Colo. Southern 4,
c. A ti. o
T. R. T. 6s
Hud. ft Man. Ref, (s
1936.
T51iO 76
t. 67 a 57
...40 9 40
.. T49 70
.. 64 9 64
.. 649 67
. . (7 9 67
Chicago Potatoes.
Chicago. May 7. Potatoes Old, firm;
receipts, 49 cars; northern white sacked,
8frle; bulk, 7of8c; nw, steady;
Florida. No. 1. 19 00 lihl Nn 1 13 en-
1 Tuaae, $1.60 owt.
1 1 t
By CHARLES D. MICHAELS.
Chicago Tribune-Omaha lice Leased Wire.
Chicago, May 7. A heavily over
bought condition was disclosed in the
grain markets today. Commission
houses were free sellers of wheat as
the result of highly beneficial rains
over the southwest and west, where
moisture was much needed, and
prices declined 3'j(&7c. with a lack
.of support. The close was at a net
loss of 694c On May, while July was
off 3c. Other grains were in
fluenced by the action of wheat and
closed with corn and oats off H
ljtc and rye 3f44jc.
Sentiment among commission
houses and local traders underwent
considerable change as the result of
the rains in the southwest, and at no
time was there the free buying which
has been such a feature of late. The
technical position of the market had
been greatly weakened by trie recent
bulge and it was in no condition to
withstand any great increase in sell
ing pressure.
Prospects for Good Yield.
The forecast was for showers over the
entire winter and spring grain belt and
orop reports showed considerable im
provement In many Instance in the south
west, a careful examination showing that
SO far there had been no material dam
age, and with rains, a good yield could oe
secured.
A report that Ehgland was trying to re.
soil wheat was responsible for .May lead
ing the decline. Messages from New
York said English buyers had reeold 60.
000 bushels bousht for nearby shipment
and replaced with purchases for deferred
shipment at lower prices, Liverpool
October was quoted at $1.49 per bushel.
Argentine grain, for May shipment was
quoted at ekual to $1.74 per bushel c. 1. f.
Europe, or about 18 cents higher than
American hard winter via the Gulf,
while export bids for deferred shipment
received by local houses werp 9c out of
line. The trado also had reports that
Omaha and Minnapolla had sold, wheat
to come to Chicago.
May Corn Slumps.
A rush to soil May corn at tho open
ing carried the price off 2 cents to 68 'io
or 4 cents Under the July. The wide
difference led cash houses to buy May
and sell July and the spread narrowed
quickly. Sentiment was rather bearish,
due to the decline In wheat and reports
that planting would be fair gcneraiy
next week in tho west with favorable
weather and Is already under way in some
sections of Illinois, Iowa and Missouri.
, Exporters were after corn, with sales
of 378.000 bushels and oharters were made
for 120,000 bushels at 9c to Montreal.
Sample values were lc lower, with re
ceipts 192 cars, t is expected that local
stocks will show a decrease of over 2,-
000,000 bushels for the week, as receipts
were 1,732,000 bushels and shipments
4,366,000 bushels. Country offerings were
not laree.
Buying of Septcmbr oats by AVagnor;
was a feature 111 that market ana wnnc
prices avoraged lower, th undertone waa
not as weak as in wheat. Crop reports
were more favorable on account of the
rains, which will check deterioration in
the dry sections of the southwest. Do-
mestlo shipping demand was fair, with
sales of 110,000 bushels. Sample values
were lc lower with receipts 68 cars.
Scattered liquidation was on in rye
with the bulk of the trade in buying
September against sales of July wheat.
Support came mainly from shorts in the
May. Cash demand was slow and sold
No. 2 in tho sample market May price
of lc under.
Pit Notes.
Tho break of 9o in May and cash wheat
from the high point of Friday came as
the result of better crop reports, due to
rains and to heavy selling by a half
dozen large local professions who were
taking profits. They did not like the
decline in cash premiums and with the
bull edge off the crop newa they were
disposed to Bell. The 30c in two weeks
made It attractive to holders.
Another decreasing factor was the sell
ing against the weekly indemnities which
showed a good profit. The trade has
been more nearly evened up In May and
while there is a large holding sharp fluc
tuations are to be expected. Those who
have been long on July were moderate
sellers and expect to get their grain back
at a lower price.
A government crop report for May is
due in Chicago at 2:16 p. m.. Monday.
It will give the revised acreage of spring
plowing. Estimates on winter wheat crop
are 635,000,000 to 645,000.000 bushels. Last
month was 621,000,000 bushels, and last
year's harvest 677,000,000 bushels. Esti
mated condition Is 87.5 to 90. In April
It wa 91. The par basis in advanced
about a half a bushel per acre. Loss of
acreage Is estimated at ground 3 per
cent, ranging from 400,000 to 2,000,000
acres.
A Kansas City exporter wired that lie
wa buying cash wheat at 17c over May
against 23c over three days ago. Bids
to the country, track Texas City or Gal-,
veston, have been reduced to 19e over
Chicago May for 10 day shipment.
"Wheat' and oats made good progress
since I was here last." said Le Cmint
from Lincoln. "Condition in this territory
Is uniformly good. Corn planting quite
general. Soil in fine condition."
A good part of the early selling of
May and July corn was attributed to a
house that has been doing a large export
buslnes in that grain t late. . .
CHICAGO CLOSING PRICES.
By Updike Grain Co., Doug 2E27. May 7.
Omaha Grain
Bonds and Notes
Omaha, May 7,
Cash wheat prices tumbled today,
the market in the best grades being
oy 8 to 9 cents and some in the
lower grades being 12 to 12 cents
owcr. Lnicaco lutures m tin
cereal were sharply lower. Corn
prices were off t to lYi cents. Oats
were '! to 1 cent off. Rye and bar
ley were nominal, wneat ana corn
receipts were moderate.
WHEAT.
No. 1 hard: 6 car, $1.44.
No. 2 hard: 5 cars, $1.42; 8 cars, $1.41.
No. 3 hard: 1 oar, $1.88 (smutty); 1
car. $1.87 (smutty).
No. 4 hard: t cars, $1.87; 1 car, $1.35
(very smutty).
No 5 hard: 1 car, $1.37 (heavy, musty):
1 car, $1.36.
CORN.
No. 1 white: 1 car, 6.1c; $ car, tic.
No. 2 white: 2 cars. 63Uc.
No. 3 white: 3 car, 52c; 1 car, 61 c.
No. 4 white: 1 car, 50o.
Sample white: 1-5 car, 40c (heating).
No. 1 yellow: 6 cars, 63c.
Nd. 2 yellow: 1 car, 62c; 8 4-5 cars,
32 c.
No. .1 vellow: $ car. 61 c.
No. 2 mixed: i cars. 60c.
No. 3 mixed: 3 earn. 50c (near white);
1 car, 50c: 1 car. 49e.
OATS.
No. 2 white: 1 car. 36c.
No. S white: 4 car. 35c.
Sample white: 1 car, 34o.
OMAHA RECEIPTS AND SHIPMENTS.
Receipts Week Year
Today. . Ago. Ago.
Wheat 67 38 10
Corn , 41 65 31
Oat 16 7 23
Rve .....3 0 2
Barley 0 1 !
Shipments
Wheat 34 23 63
Corn 78 59 41
Oat . . .10 1 16
Rye 0 J 11
Barley 0 0 0
CHICAGO CAR LOT RECEIPTS.
Wheat 41 19
Corn 164 13S 28
Oats '. 78 100 88
123
$o
S
Art. I Cloee. High. LoW. Close. Testy
Wht. I I I I
Mav 1.47 1.47 11.41 1.41 1.48
July 1.16 1.16 I 1.13 1.14 1.17
Rye 1 .
May 1.43 1.43 1.39 1.39 1.43
July 1.10 1.10 1.07 1.08 1.11
Sept. .98 .98 .94! - .95 .99
Corn I
May .58 .59 .58 .594 .60
July .62 .62 .61 .61 .63V
Sept. .64 .64 .63 .64 , .65
Oata
May .36 .36 .96 .36 .37
July .38 .38 ..38 .38Vt .39
Sept. .39 .40 .39 .39 .40
Pork i
May 17.10 17.10 17.10 17.10 17.60
July 17.80 17.80 17.60 17.60 17.90
Lard. I
May 9.60 . 9.60 9.55 9.65 9.70
July 10.05 10.06 9.90 9.90 10.07'
Ribs
Mav ! 9.50 9.50 9.50 9.20 9.90
Jul'v 110.05 10.06 10.00 10.05 10.20
KANSAS C1TT RECEIPTS.
Wheat 130 J46
Oat 33 35
Oats 2 ' ,22
KANSAS CITY RECEIPTS.
Wheat 134 246
Oats ... 47 35
Oats 81 . 11
NORTHWEST'N RECEIPTS OF WHEAT.
Minn 128 144 134
Duluth 64 40 69
Winnipeg 199 166 -196
PRIMARY RECEIPTS AND SHIPMENTS
Receipts Today. Tr. Ago.
Wheat 900,000 743,000
Corn 611,000 862.000
Oats 441,000 490,000
Shipments-
Wheat 825,000 748,000
Corn 831,000 221,000
Oata , 690,000 401,000
EXPORT CLEARANCES.
Wheat 420,000 94,000
Com 362,000 .......
Minneapolis Floor.
Minneapolis, Minn,. May 7. Flour 50
35c higher; in car load lots, family
patents quoted at $8.85 98.95 per lbl. in
98-lb. cotton sacks.
Bran $16.00.
Why Are
Atner. Hide & Leather
Shares Strong?
" ALF-SKIN prices have advanced
S4 in the past few week.
Pool la reported active In this atock.
Inventorlea have been sharply re
duced. Back dlvidendaon Preferred
atock 114.HJ.
Late Information on thla company
Is containsd In this week Issue of
. THE MARKET STATUS which
alao reviews the outlook for
ROYAL DUTCH INTERCONTINENTAL RUBBER
INTERNATIONAL NICIEL DURANT MOTORS
PURE OIL INTERNATIONAL PETROLED!
Ask for G-41
Orders executed by private wire
Anderson,Brown&Co.
STOCKBROKERS
32 Broadway, New York
Phone BROAD 024S
PhibJtlpki CltvaUad Dclrsil
ritbbirik Chicago Bsffale Tales
Forest Lawn Greenhouses
You are incited to see the beau
tiful display of plants for sale
for decorative purposes in Forett
Lawn Cemetery.
Farm Mortgages
7
39 Year of Loaning Experience
Without a Lot to tho Investor.
Write for List
Xloke Investment Company
845 Omaha Nat'l Bank Building.
Phone Doug. 1180.
Minneapolis Grain.
Minneapolis, Minn., May 7. 'Wheat--Redelpte,
123 car compared vrtth 154
cars a year ago; cash. No. 1 northern,
Jl.42-Hffil.509i; May. 81.30; July.
1.5M. !
Corn No. yellonr, 80W51C. , j
Oats No. 3 white, S3Vs34',4c. j
Barley 516Rc. I
Rye No. 2, l$l. 2801.80.
Flax No. 1, tl.731.74.
St. Louis Grain,
St. Louie, Mo., May 7. Wheat May,
$1.4:14 ; July, $1.13.
Corn May, B8c; July, 0to. .
Oats May, 88ttc; July, S9e.
.DOtfT WORRY
Sat yotmelf lot ot worry by getting
on tha tmfe ride of the road the road to
financial Independence. Cut out alip.
ahod (Pending and hand-to-mouth liv
ing. Let Peter Perkint tell you how to
get it. Read hia book, "Getting Ahead."
He could only eaye $25 per month, but
in ten yean he accumulated $10,582.11.
Adopt hi plan. Write for the book, free.
KRIEBEL&CO.
Investment Bankers
137 South Le Sail St., Chicago
BUY THE
COPPERS
Copper Stocks uncruestioii
ably are the best long pull
buys on the market. Our
Weekly Letter analyzes the
copper metal situation and
discusses in detail twenty
representative issues in this
security group. Included are
such stocks as
INSPIRATION
ANACONDA
MIAMI
CHINO
UTAH
Ak for A-2.
Free on reoueet
TlBBY&fOMBVNY
Stocks and Bonds
55BBQ4DVfflf. NEWTORR,
Seven Per Cent Farm Mortgages
First Mor'teage on high clasa Eastern Nebraska fartne.
These are unusually choice offerings.
A High Rate of Interest The Safest Investment
Free of taxation In Nebraska. Call or phone soon.
In Bond of $800 and $1,000 Denomination
Affiliated With The Firat National Bank
The following quotations furnished by
the Omaha Trust company:
Prlro.
. ill
. nS
. 84
Am. T. & T. Co. 8 1810...
Am. T. A T. Ou. Cs, 1824..
Anaconda 7, 1889 ,.
Armour 7. 13
Belgian Govt. 8. 1841 10ft
Helglan Oovt. TVt. 194S 9S
Kethlehem Hteel 7s. 1883 3
Bethlehem Steel 7s, 1923. . . . 98 1,
British 614,, 192! 97i
nrltiah IVis, Wi , i
l'.rltlsh (Hs, 1937 88
O C. C. & St. L. Cs. 1929.... 88 4
OhrlBtlana 8a, l4i 9Sft
Cudahy Packing Co. 7a, 1923.. 99
Denmark 8s. 1945 lOOli
French Oovt. 8s, 1948.. 99
H. F. Goodrich 7s, 1983 98
Japanese Oovt 1st 44, 1923.. 84
Japanese Oovt. 4, 19.11 67 '-4
Morris ft Co. 7e, 1930 88 ,
Norway 8b, 1940 ....102
Northwest. Belt T. Co. 7s, 1941 99 4
N. f. Central 7s, 1930 1004
Penn. R. R. Co. 7, 1930 10H,
Southwest. Bell T. Co. 7s, 1935 9H
Swedish Uovt. , 1939 88 bid
Appro
Yield
Pet.
7.60
7.S8
9.i3
7.S
8.00
7.4.1
7.48
7.8S
7.S8
9.9S
8.91
7.93
8.05
7.45
7.95
8.03
9.10
9.27
9.00
7.75
7.K0
7.08
tl.93
6.89
8. 00
hew York Cotton.
New Tork. Hay 7. The cotton nmrUet
was quiet early today, with fluctuations
Irregular.
There waa hulllnh comment on woi-k end
renews of the goods trado and the
atn-ngth of foreign exchange rate re
cently, particularly in the case ot franc.
Those features prc.hu!' Hccimlitcd for
some scattered Wall street anil local huy.
Ing on tho opening) advance of 4&5 points.
A disposition to take profits for over
the week end'wa evident, lioitont, ami
the market oaseil off from 13.27 to 13.20c
for July after tlie call. There was some
southern selling here, but they really
were buyers of July to fl prices.
" i
' Ksnsae City Produce.
Kansa city. Mo., May 7. Butter,
Esse and Poultry Unchanged.
New ork Coffee.
New lorlt. May T, The market for of
fc futures was cttrunioly quiet today n l
after opening at ai decline of 4 to 8 POl",',
BliowoU no special change or feature Th
rathor irregular showing of the Brall
cubic led to a Utile aeatterlng liquida
tion, causing the decline to 00c for July
and 6 40c for Brptemher. Closing prices
were the lowest on most months, showing
not lo.sscs of 3 to 7 points. Closing bids:
May, 8 72c: July, .00o; September, .39n;
October, 8.54c; December, 85c; January,
ti.Sf.e; March, 7,1Sc.
Spot coffee qulot; Rio 7. 8c; Santo 4j,
S94e.
Turpentine niHl Koeln.
Prtvaunnh. (la.. May T. Turpentine -Steady;
73ft 75c; lc, none; receipts 84J
libls.; shipments, 436 bbls. ; atock. MM
blR08in Firm; sales, 527 casks; receipt.
Mis casks; shipments. 381 ciisk; tock,
Ji!,9GU casks. .,.'
Quote II. 83.75: 1 4.40; K, $4.65:
P, $4.650 5.05; O, 84.755.05; H. 9V800
5 05; T. 84.85ft'.'.. 10; K. $5.3Mc5.60: M,
$i.B0; N. $.. V. 80.50; WW. 87.00.
4t - Per Cent Annually! If your
I? II money is not earning 60 per
111 cent annually we would be gla l
VV to have you Investigate, with
out any obligation, our se
curity which GUARANTEES FIVE
PER CENT CASH MONTHLY DIVI.
DENDS and a chance to make real
fortune In the immediate future. A
post-card With your name and address
will get particulars.
JAMES T. CHILES COMPANY
Suite 8-9, Friberg Bld(.
Wichita Falls. Texas
! Omaha Stock s? Bond Company ,
Phone ATIantic 5027 "
Omaha, Neb. 1 1
I
Peter Trut Bldg.
. We will buy, cubject:
I SO Fairmont Cream., pfd . . , ,
I 2S Omaha Flour Mill, pid. . .
' 20 Union Stock Yards
170s Commonwealth Fin. units.
30 Marr Petroleum
Blackstone Hotel B Bonds
. $93.00
. 76.00
. 84.00
. 97.00
, Offer
Offer
$73.00 I
83.00 . I
I
We will sell, subject)
20 Nat'l Amcr. Fire In
iui noD. rower, pin.......... g
20 O. A C. B. Ry. dt Bridge, pfd. 44.00
80s Skinner Pkg., pfd 18 00
20 Noco Petroleum, com 8.2S
20 Neb. Cons. Mill 60.00
Blacastone Hotel 87o eonaa... uuer iui iif. ions, nuns
I Write for our quotation sheet and Foreign Exchange bulletins.
Bonds
I
I
c. ? r r i .
I a oiocfs romgn rxenange uunus
ill , w
"2ji
A Splendid Growth
The Result of Real Service
THE Peters National Bank opened for business on
the 20th of last September eight months ago.
Since that time the Comptroller of the Currency has
issuer! four calls to National Banks asking for a state
ment of their condition. Each call has found the de
posits of the Peters National Bank growing as follows:
Nov. 15, 1920 . . .$400,755.19
Dec. 29,1920... 661,446.09
Feb. 21,1921...,. 742,858.63
Apr, 28,1921... 880,057.87
A growth like this is not the result of accident. This
growth has come because we offer here in one big room
, a complete personal financial service that is not avail
able elsewhere.
"v Ibe officers or the feters trust Company and the
! Peters National Bank extend vou a most cordial invitA.
tion to transact here your personal banking business.
Peters National Bank
iFarnam atyeventeenth
Peters 'nust Building
.,..PB....lak,,Wv,,,.T...Agv 4ll 'I'li'ssp! .i "T T'"v, T "ft'T-WVMW.in- wwpwff;.i .,,1,1;,.
i-ll Jill i.&ttih :m
.m. it y t
. f&ri w Y-
,
i-.--- I i- - -ai-i - r-T-- " f- .-.
:-' jafcv.'JI
Th World Realty Company' Theater Being Constructed at
Fifteenth and Douglas
We Recommend
ts a Safe Investment:
$200,000
First Mortgage Leasehold
7 Serial Bonds
of
The World Realty Company
Due May , 1923-27.
Prices to Yield From 7.10 to 7.50
According ta Maturity.
Denominations $1,000, $500 and $100
Tax Tree In Nebraska)
' Secured by first mortgage on the new theater
' shown above. Our conservative estimate places
the value of building and leasehold interest ot over
$650,000.
Asft for ClrcfclAt W.flr-ftt lolly drflrrlMtt thin Bound InvcMnitnt
Omaha National Bank Building
QmahaTrust Company
