THE BEE: OMAHA, THURSDAY, MAY ZB, lszi.
13
U. S. Underbids
England on Order
From Australia
SecuringofElectrical Contract
Demonstrates America's
Ability to Do Better in
Price and Quality.
By HOLLAND.
Not the first time did Australia
acknowledge American superiority in
price, quality and other conditions
when she, a few days ago, placed
with an American industry an order
involving nearly $2,000,000 for cer
tain electrical apparatus.
Some years ago Australia was in
the market for certain armament,
rifles and the like. Her government
would have gladly placed the order
with Great Britain and in fact at one
time was tempted to do that. But
an American industry whose plant
is at Hartford, Conn., prepared to
demonstrate to the representatives of
Australia who gathered at London
that the United States could offer a
better implement and at satisfactory
price and with the certainty of ful
filling the order within a short time.
The representatives of the American
comapny were occupied for several
weeks in demonstrating to the Aus
tralian representatives that this
country could do better than Great
Britain both in price, in quality and
in time. Reluctantly Australia placed
the contract with this American com
pany. China Buys From America.
80 also China was seeking about that
time to Improve or enlarge her national
arsenal. She Invited competitive demon
titration and Great Britain and the United
States shared in this competition. Again
the American company whose plant Is at
Hartford triumphed because China recog
nised and acknowledged the superiority In
every way of the. American commodities
and because the price was satisfactory.
Australia has now awarded to an Ameri
can Industrial corporation the contract for
electrical apparatus. Although the amount
Involved, 12,000,000, Is not so large as
to make the contract conspicuous, never
theless tbe fact that an American com
pany secured It goes far to prove that
American Industry can successfully com
pete with respect to price and quality of
Its commodities with the Industries of
Oreat Britain. France, Belgium, at least
so far as certain commodities are con
cerned. The United States Steel Corpor
ation Is about to rend a large number of
steel rails to Japan, probably because
Japan was satisfied that the American
product Is the best of any so far as qual
ity la concerned and because the price
was satisfactory.
These are two recent Incidents In our
foreign trade which offset to some ex
tent the somowhat unsatisfactory reports
which tell of our exports slnca March'.
Undoubtedly they will be duplicated be
cause prices are being reduced, excessive
wages are also under readjustment and
because our Industries or many of them
have by the employment of the best mod
ern methods and apparatus been able to
reduce the cast entailed In manufacturing
commodities.
Automobile .Situation.
Sometimes those who are giving study
to our industrial and financial condition
re approached by men of solemn face
who say almost confidentially, "The au
tomobile business Is In the dumps." So
that the inference Is made that If this
Industry Is now seriously depressed It ac
curately reflects the condition In which
almost all Industries are- now placed. It
U true that within a few weeks the au
tomobile industry seems to have met with
a setback, although two or three of the
largest manufacturers are reported to "be
operating almost to their cspaclty. The
best opinion is that this Blacking In tbe
Industry which has come suddenly fol
lowing a rather nromlsins; outlook In the
ring. Is due to momentary condi
tions which will be' soon overcome. There
Is no doubt that the Industry will, within
a short time, retrain Its activity. Very
HkehVa large number of autos will be ex
porwd during the summer and fall and
cer ainiy win oe. proviaea wouia-oe cus
tomers across tne sea can secure me crea-
Us needed to pay for the cars.
New Solicitor General.
On July 1, James M. Beck of New
Tork Is expected to take up the duties of
solicitor general of the United States. The
appointment has already leen made. Mr.
Beck has already served as assistant to
the United States district attorney at
Philadelphia and as assistant attorney
general.
Mr. Beck was twice prevented from
erving as counsel In Important investi
gations by the fact that he was personal
counsel, In one case to the president of
the Mutual Life Insurance company of
New York, and In the other personal coun
sel for H. H. Rogers. The legislative com
mlttee, which was appointed to Investigate
the New Tork Lifo Insurance corporations,
offered to Mr. Beck the position ot lead
ing counsel. But as he was private coun
sel for the president of the Mutual Life
he was compelled to decline. Thereupon
the committee asked Charles E. Hughes to
serve as Its counsel. Mr. Hughes at the
time was making an excursion through
Europe upon his bicycle. He accepted the
telegraphed offer, came to New Tork, ap
peared as counsel for the committee and
fn that way began a career which has
been almost without parallel within the
same length of time by that of any Amer
ican. Had Mr. Beck- been able to accept
the committees offer, opportunity would
not have opened, at least at that time,
for Charles E. Hughes.
New York Cotton.
New Tork, May 25. The expectations of
bullish reports on acreage and crop con
ditions led to further buying In the cotton
market today. The Initial advance of 7
to 10 points was also encouraged by re
ports of better prospects for an early
settlement of the British coal strike and
higher Liverpool cables.
There was some New Orleans and scat
tered southern selling, as well as realising
on the basis of 13.80a for July and 11.50s
for October, however, and fluctatlons
were somewhat Irregular after the call,
with recent buyers taking profits In an
ticipation of a bearish weekly report from
the weather bureau at midday.
Private cables reported a better In
quiry for cotton goods in Manchester.
There was some scattered realizing lat
er, but offerings were generally well
taken and demand seemed to be broaden
ing somewhat on a private report plac
ing the condition of the crop at 65.4
and pointing to a reduction of S0.6" per
cent in acreage, with a crop Indication
of only 7,600,000 bales. July sold up to
11.63 and October to 11.60 early In the
noon hour, or about Jl to 26 points net
hlsher. . . ...
The weekly report of the weather bu
reau showed Improved conditions in the
belt, but said the condition was still un
satisfactory In many sections because of
previously unfavorable weather.
Omaha Bay Market.
Prairie Hay Receipts somewhat heavier,
prices steady on the better grades and a
little lower on the lower grades.
Alfalfa Receipts nominal. Fair de
mand. Prices steady.
Straw No receipts. Little demand.
Prices firm.
May wo. 1 upiana frame, en.uv io
$11.00; No. 2 Upland Prairie, 60.50 to
610.60: No. t Upland Prairie. 67.00 to
$8.00; No. 1 Midland, 611.00 to 616 00; No.
t Midland. 66.00 to 66.00; No. 6 Mldlat.d,
66.60 to 67.50; No. 1 Lowland, 68.50 to
66.60: No. 2 Lowland, 66.60 to 67.50.
Alfalfa Choice. 621.00 to 626 00: No. I,
616.00 to 620.00: Standard, 614.00 to 617.60;
No. 2. 68.50 to 611.00: No. 2. 67.00 to l.o
Straw Oat, 68.00 to 66.00: wheat, 67.50
to 68.00. '
w Tork Coffee.
New York. May 26. A few trades
In the maturing May contract caused
some Irregularity In the market for cof
fee futures today, but other months
showed little change and general busi
ness was quiet. The opening was
points lower on May and unchanged to
.1 points lower on other positions. After
selling at 6.85c, May rallied to 6.60c on
rovertng and July sold up from 0o
to 6.15c, or 4 points net higher. The
bulge was not fully maintained, how
ever, with the market closing net un
changed to 2 points lower. May, 6.2c;
Julv. 6.11c: September, 6.47c; October,
4.6io: December. 6.S5c; January, T.OSc;
March, 7.23c.
Spot Coffee Market quiet; RlO Ts.
6Hc; Santos 4s, gc.
Liberty Bond Prices.
New Tork, May 26. Liberty bonds at
noon: JHs. 88.10; first 4s, 87.40; second
4s. 86.60 bid; first it. 87.66; second 4 is.
67.00; third 4H, 00.60; fourth 4fcs,
87.20; Victory Ss, 67.78; Victory 4s,
7.7.
Liberty bonds closed: 3Hs. 688.00; first
4s, 687.40: second 4s, 887.00 bid; first
4 Hs, 887.60; second 4V.8. 587.08: third
4'i, 890.64; fourth it, 887.24; Victory
tM. 97.64; Victory 4tts. 607.84.
London Metals.
London. Msy 25. Standard copper, spot
174 17s 6d: electrolytic, f7; tlnr 1181 'Is
d; lead, 24 2s d; line, ill
live Stock
Omaha, May 25.
Receipts were Cattle. Hogs. Sheep.
Official Miinriav i 41)1 I II) 1 III
urncial Tuesday 4.704 12.122 6.068
Estimate Wednesday. 4.3(10 16.706 8,000
Three days this week.14, 406 60,260 16.646
Same Havi laat ,,li It nil )l 111 ll UK
same days 2 wk. ago.18,727 82.818 23,647
same days I wk. ago.14,762 80,846 83.661
Same days year ago.14,686 36,026 11,736
Recelnta and dlaooaltton if live staek at
the Union stock yards, Omaha, Neb., for
s nours ending at I ocioc p. m.. May
ID, 1921:
RECEIPTS CARS.
Cat. His Hhn.
v. m. a bc. i . ny. ........ s it ,
Wabash' 1 ,
Mo. Pao. Ry 31 ,
Union Pac. R. R, 56 64 I
C. N. W. Ry.. east 4 2 .
O. N. W. Ry.. west 21 23 2
C. St. P. M. A O. Ry 18 26 .
C. B. A Q. By., east 16 6
C. B. Q. Ry., west 27 41 ...
C. R. I. ft P., east 8 7 ...
C. R. I. A P., west 1 1 ...
Illinois Central Ry. 1
C. O. W. Ry I 1 ...
Total receipts
DISPOSITION-
....166
-HEAD.
228 13
Cat. Hgs. Shp.
Armour A Co
Cuiluhy Pkg. Co.
Doltl Pkg. Co,
Morris Pkg. Co
Swift A Co
Ogden Pkg. Co.
J. W. Murphy
Swarts Co
Wilson Pkg. Co
Q lass burg, M.
Hlgglns Pkg. Co. ......
Hoffman Bros
Mayerowlch & Vail ...
P. OPea
Omaha Pkg. Co
8 O. Pkg. Co
Bulla J. If
Cheek. W. H
Christie, E. U. A Son ..
Kills & Co
Harvey, John
Hill, W. XV. A Co
Kellogg, F. O
I.undgren, Joel
Lewis, F. P
Root, J. B. & Co.
Sullivan Bros
Worth Pegen
Other buyers
776 3.845 1,360
750
274
633
751
4,010
1,300
2,568
3,608
120
1,428
133
168
473
23
25
27
33
6
11
6
87
35
8
13
264
22
10
1
13
112
8
10
778
64
720
Total
.4,780 16,486 3,022
Cattle Receipts of cattle continue mod
erate, about 4.300 head today and the
three days supply has been nearly 6,000
short of the first half of last week. De
mand from all sources sppeared to be In
different and there was another 1015o
decline in prices for both beef steers and
cow stuff making a 2640o decline so far
this week. Best of ths beet cattle sold
around 67.76 8. 35. Stnckers and feeders
were in limited supply, dull and un
changed. Quotations en Cattle Choice to prime
beeves. 67.76r.00; good to choice neeves,
?.607.75; fair to good beeves, 67.250
7.60;common to fair beeves, $6.757.25;
choice to prime yearlings, 8. 00408. 25;
good to choice yearlings, 57.608.00; fair
to good yearlings. J7.00-87.60: common
to fair yearlings, 6.607.00; choice to
prime heifers, J7.257.75; good to choice
heirers, 35.75Qi7.25: choice to prime cows,
86. 2542-6. 76; good to choice cows, 15.50
6.25; fair to good cows, 65.005.75; com
mon to fair cows, 2.0O4.50: good to
choice feeders. 67.25sJ7.75, fair to good
feeders, 26.607.25; common to fair feed
ers, J6.006.60; good to choice stockers,
$7.2547.75 ; fair to good stockers, 66.50
7.25; common to fair stockers, $5.0096.25;
stock heifers, 84.606.G0; stock cows,
$3.50 4.7S ; stock calves. 65.00Q7.60; veal
calves 66.0010.00; bulls, stsgs, etc., $4.75
7.00.
BEKr BTEEK3.
No. Av. Pr. No. Av. Pr.
40 1101 6 90 12 825 7 00
10 872 7 15 81 1202 7 35
15 987 7 40 2 1006 7 0
20 1106 7 60 16 1082 T 66
23 1241 7 75 IS 1336 7 85
20 1260 7 90 23 1100 8 00
40 1388 8 25
STEERS AND HEIFERS.
33 671 7 00 14 692 7 10
15 678 7 25 23 1067 7 35
16 790 7 60 8 743 1 65
11 650 7 75 10 636 $ 00
YEARLINGS.
20 486 6 60 16 '648 7 25
COWS.
13 1047 S 00 18 1212 6 25
6 1197 6 40
HEIFERS.
7...... 664 7 00 11 606 1 26
23 .. 944 7 3F '
STOCKERS AND FEEDERS.
20 896 6 76
BULLS.
1 600 4 6 1 .. 730 4 50
3 496 4 75 $ 139$ 4 90
1 1590 6 70 1 1610 6 15
3 (90 6 50 3 806 25
CALVES.
1...... 140 4 00 4...... 182 7 00
4 316 8 25 5 .- 200 I 50
4 187 7 76 '
Hogs Receipts of hogs today were
liberal, about 16,700 head showing up.
This heavy run combined with bearish
advices from other markets caused a low
er trend to values and light bogs sold at
declines of about 15c while everything
else ruled about a quarter lower. Trade
was rather quiet throughout, especially
on heavy hogs. Best light hogs made
a top of $8.30 and bulk of the receipts
sold from 7.35-8.00.
HOGS.
No. Av.
66. .361
29. .310
59. .262
Ph.
150
Pr.
No. Av.
Sh.
70
160
70
Pr.
42. .631
61. .337
29. .267
65. .247
60. .264 '
66. .235
74. .204
72. .186
7 25
70
.261
.255
.230
190
140
46
76
60. .202
60. .224
70. .195
40
40
Sheep Only 3,000 sheep and lambs were
hero today and the supply was not as
good as usual, conslstng of odds and ends.
Prices were quotably steady with possibly
a little stronger on strictly good lambs.
Pretty good native springers sold at $12.00
and fed shorn lambs reached $11.00. Good
ewes moved at $4.65. but something choice
would bring $5.00. Feeders trade continues
nominal.
Quotations on sheep and lambs: Fed
wooled lambs, J9.60igll.60; spring lambs,
$10.001913.25; shorn lambs, $9.7611.00;
fed wooled ewes. $4.75 $6.60: shorn ewes,
$4. 005.00; cull ewes, $2.509$.7t,
SPRING LAMBS.
No. Av. Pr. No. ' Ar. Pr.
837 Calif 72 12 25 217 Nat 66 11.26
- FAT LAMBS.
465 fed 77 11 00
FEEDER LAMBS.
100 Nat. 59 8.00
SHORN LAMBS.
384 fed 73 10 60 334 fed $$ 11 00
SHORN EWES.
125 fed 115 4 75
Chicago live Stock.
Chicago, May 26. Cattle Receipts 10,
000 head; market, choice light steers and
yearlings, about steady; heavlea, slow,
1525o lower; top, $8.75; bulk, $7.60
8.25: butcher shee stock and bulls, 26c
lower; fat cows and heifers, mostly $5.25
6.50; bulls, largely $4.EO6.60; veal
calves, 50c lower; bulk, $7.6008.60;
stockers and feeders, weak to 25o lower.
Hogs Receipts, 27,000 head; market
opening 10i$26o lower; lights and light
butchers off most; closing weak and 26
35c lower; holdover, liberal; top, $8.66
early; bulk, IS.OOg8.46; pigs. 11025c
lower: bulk desirable, $8.2508.90.
Sheep and Lambs Receipts, 13,000
head; market, killing classes, steady to
26o lower; few choice shorn Iambs and
shippers, $12.00; bulk, $11.00 down; best
native springs, $12.75; bulk, $12.00012.50;
oulle, $7.00 0 3.00; shorn Washington
Jamb". $8.75: beat fat ewes. $4.76; bulk,
4.00O4.25; few wooled wethers, $5.00.
' Kansas City Live Stock.
Kansas City, May 25. (U. S. Bureau of
Markets.) Cattle Receipts, 6.800 head;
beef steers, steady to 2 So lower; mostly
1015o lower; top yearlings. $8.60; bulk
steers, $7.78; quarantine steers, early,
$6.00; she stock and bulls, weak to 25o
lower; calves, steady to 25o higher; best
vealers to packers. $3.25; other classes
around steady; bulk, stockers, $6.00 9 6.60.
Hogs Receipts. 12,600 head; market,
open slow, sorted lights to- shippers and
speculators, 16fp20c lower; closed active
with packers buying mostly, 1625c lower;
top, $8.65; bulk of sales, $7.7008.00;
packing sows, 25c lower; pigs, steady.
Sheep and Lambs Receipts, 8,000 head;
lambs, steady; best native springers.
$11.60; most good kinds, $11.00011.60!
native ewes, fully 26c lower; best. $3,750
4.00; Texaa wethers unsold, early; coats,
$3.6$. , -
Sioux City Live Stock.
Sioux City, May 26. Cattle Receipts
3.800 head; fed steers and yearling, $4.60
7.78: market killers weak to 26c lower,
stockers steady; fat cows and heifers,
$6.6008.35; canners, $2.0004.00; veals,
$6.0006.00; calves, $5.0607.00; feeding
cows and heifers, I3.56.e; stockers,
$5.0007.25.
Hogs Receipts 1,800 head; market, 16
025c lower, light, $7.9008.10; mixed. $7.50
45-7.85; heavy. $7.0097.60; bulk, $7.60
8.00.
Sheep Receipts 256 head: market weak.
St. Joseph Live Stork.
St. Joseph. May 25. Cattle Receipts,
2,000 bead; market steady to 16e lower:
steers, $6.0093.40: cows and heifers, $6.00
08.25; calves. $6,004)7.00.
Hogs Receipts, 11,000 head; market
lOSJOc lower; top, $8.20; bulk of sales,
$7.7698.05.
Sheep and Lambs Receipts. S.S00 head;
market 25c lower; spring lambs. $10,509
11.76; Clipped lambs, $9.60010.00; ewes,
$3.6094.2$. . ,
Market, Financial and Industrial News of the Day
Chicago Grain
By CHARLES D. MICHAELS.
Chicago Tribune-Omaha Bee Leased Wire.
Chicago, May 25. Wheat prices in
Chicago are the highest in the coun
try for cash and May delivery, be
ing higher than in .Winnipeg when
the rates ot exchange are considered.
A wild set of grain markets, with
wheat in the lead, was on with high
est prices of the season for all wheat
futures and a. new high for this up
turn on the other grains. Heavy
realizing, sales in all grains and es
pecially in wheat, carried prices oft
sharply at the last and the finish was
at gains of 6c for May wheat,
while July was Zc lower, corn gain
ing for the May and lost 'A'4c
for distant futures. Oats were lls
lic lower. Rye was 4c higher for
May and Zlac lower for the distant
months and barley unchanged to jc
lower lor the day.
May wheat prices moved l2c be
tween trades at times and at the top
of $1.85 was 24c from Tuesday's low
and 12'c over the close of that day.
An immense evening up was on, with
short coming in on stop-loss orders
and a general scramble for the mod
erate offerings. Commission houses
had good orders, while the advance
invited extensive selling for profits
which, in most instances, were heavy.
The advance brought out increased
offerings of cash wheat from all sec
tions, including a few cars from
Canada.
Crop Reports Unfavorable. '
Crop reports from the southwest and
Nebraska continue unfavorable. B. W.
Snow's report from Nebraska confirms
the claims of Inglls made Tuesday, that
rains were not helping the crop, with
the condition west of Lincoln below the
average. The weekly government crop
report largely confirmed the private re
ports of damage, although not so sensa
tional as the private advices. Scattered
rains were reported at Liberal, Kan., and
a few other points, with no predictions
for general rains.
Seaboard exporters were larfe buyers
of cash corn and July, with 760,000
bushels July given up in exchange for the
cash grain and 600,000 bushels, sold for
shipment with chsrters for 250,000 bushels.
Shipping sales were large enough to ab
sorb offerings from the country, which
were liberal although not as large as the
previous day. A general covering move
ment was on ana while May was up to
62c and July to 65 He, gains on the
latter were lost, tbe price dropping lc
from the top at the last for July, with a
lower finish, while May gained s for
the day with last sales at 6lVc. Ar
rivals, 223 cars May deliveries, 126,000
bushels.
Big Business in Oats.
A big business was on in oats, with nn
advance and highest rjrican at thn mtiLrt
followed by a break of 14i2o and a
ciose at me insiae wun me gains all lost.
Crop news was less favorable, yet all tho
largest buyers of late were after profits
and new buying was not strong enough
to absorb the offerings. Cash prices,
while 2 cents higher early, slumped at
the last. Shipping sales were 216.000
bushels and deliveries 11,000 bushels.
May rye was hard to buy and advanced
4 '4c with the close at the top at JLei.
DlstSnt deliveries weakened after their
early bulge and closed there. No cash
rye is to be had for July loading. There
were sales of 10.000 bushela rv nnif in.
000 bushels of barley to store.
Shorts bought provisions and made a
small bulge which was lost later, the closo
being 7i,c10c lower for ribs and on
changed for lard. Cash trade was mod
erate with green hams held firmer.
fit Notes.
Wheat Is bains' hearleH tr, rhir.fln e..m
Minneapolis, a little from Canada, from
the southwest, Toledo, Indianapolis and
Omaha. In all about 100,000 bqsnela is
coming for delivery on May sales. "A num
ber of the leading markets -are sending
10 cars or more. This will hln th
shorts.
A miller's agent bought 12 cars hard
winter at 35 cents over July for shipment
irum me country in live days and paid
30c over for 10 days shipment, bidding
only SOo over the five days' shipment at
the close. One house bought 25,000 bushels
cash and sold the May and will deliver
me grain in car iota at the last.
With the price up almost 60 cents for
May and 25c for Julv Inside of threo weeks
and 664o for May and 35c for July from
the low point of the oast three months.
there has been a wonderful change In the
wneat trade. Tne price has gone from the
lowest to the hirhest of the season Inside
of three months, in the face of depressing
factors, the change being largely due to
the decline In crop prospects In the south
west and to the strong statistical situation
tne world over. Farmers have no cause to
complain at the advance in wheat and
other grains of late.
There has been Immense evening up of .
late and with the sharp operators taking
profits and a feeling In certain quarters
that It is best to go slow on the huvlna-
side, It remains a weather market and
sharp tluctatlons are to be expected.
A board of trade membership sold at
$6,000 net to the buyer. This la $300
more than one sold at a few days ago.
Germany bought a little wheat, but
foreign business In wheat was slow aa a
rule. Some of the largest Interest at
the seaboard had no cables.
Much profit taking was In evidence In
wheat and on the rallies there was enough
wheat put on the market to give sub
stantial reactions. strength in coars
grains, however, checked sellnr and crop
news dd not show any materal change
for the better. Shorts have coovered freely
in all grains, however, and this has left
the markets more dependent on new out
side buying to support, grains. Local
sentiment is much more bullish, apparent
ly on the coarse grains, and one of the
largest local traders is credited with hav.
Ing covered shorts In all pits and taken
the long side ot oats, n spite of tne
profit taking, 'however, the pit In wheat
was easily balled out and after the early
selling local bulls again took control.
CHICAGO CLOSING PRICES.
By Updike Grain Co., Doug. 2627. May 26.
Art I Open. I High. I Low. I Close. I Yes.
Wht. J
May 1.74 1.86 1.71 Vi 1.79 1.73
1.78 Vi 1.80 1.73
July 1.24 1.36 1.82 1.82 1.34 4
1.33 1.32Vi 1.24
Rye
May 1.58 l.; 1.58 ' 1.63 1.6
July 1.28 l.XCH 1.26 1.26 1.28
Sept 1.12 1.16 1.11 1.11 1.13
Corn i
May .60 ,62 .60 .61 .1
July .63 .65 .63 .64 .64
.63 .63 .64
Sep. .56 .68 .66 .66 .66
.66 .66 .66
Oats
May .43 .42 .40 .40 .41
July .42 .43 .41 .41 .43
.42 .42 .43
Sept .44 .45 .43 .43 .45
.44 .43 .46
fork
May 17.80 J7.$0 17.80 17.80 17.25
July 17.6a 17.80 17.62 17.80 17.25
Lard
May t.60 9.65 0.47 2.52 0.47
July 2.70 0.92 9.65 9.77 (.27
Ribs
May 19.92 1.92 (.92 9.92 10.00
July 10.12 10.12 9.97 9.97 10.05
Minneapolis Grata.
Minneapolis, Minn., May 25. Flour 10 to
20c higher; in carload lots, family
patents quoted at $9.6099.75 a barrel in
98 ponnd cotton sacks.
Wheat Receipts, 218 cars, compared
with 168 ears a year ago; cash No. 1
northern, $1.689-.6; May, $1.61; July,
$1.26.
Corn No. t yellow, B45c.
Oats No. 2 white, 27 0 38s
Bsrley 460'2c.
Rye No. 2. $1.47 0 1 49.
Flax No. 1. $1.90Or.92.
St. loots Grata.
St Louis. May 25. Wheat May, $1.68;
July. $1.31 H.
Corn May, 61c: July, 63c.
Oats May, 41c; July. 42 e.
Kansas City Grain.
Kansas City, May 25. Wheta May,
$1.57; July, $1.26.
Corn May, I5c; July, 68o; September,
60e.
New Tork Dry Goods.
New York, May 2$. Cotton goods re
mained quiet today, with print cloths
barely steady and sheetings in moderate
export demand. Combed yarns fancy
cloths were sold in small quantities for
future delivery. Worsted yarns were
quit and burlaps low. Lonsdale 4-4
bleached musltns were redueed to 14
eents from 15 cents.
New York Sosrar.
New York, May 25. The raw sugar
market was firm and prices were higher
with Interest centered in nearby sugars
only. There were early ssles of 26,000
bags of Porto Rices to local refiners at
6.01c for centrifugal, and at the close
1.sne bags of San Domingo and 1.760
BrasiUsa were taken at $,0C -
Financial
By ALEXANDER DANA NOYES.
Chicago Tribune-Omaha Bee Leased Wire.
New York, May 25. The attention
of the financial community con
tinued to be divided today between
the foreitrn exchange market, the
stock market and the. wheat market,
the movement in each of which is
throwing light on a different aspect
of the financial situation. Foreign
exchange was somewhat reactionary
sterlinsr in particular, lost all of
Tuesday s net advance, stocks
showed relaxing pressure trom the
orofessional operators for the fall.
and while a tew turtner snarp oe
clines occurred, gains and losses tor
the day were fairly balanced and
there were numerous recoveries of
a point or more.
it ' was again apparent irom a
glance at these markets that specula
tive activities or the closing out oi
previous speculations were the domi
nant influence. Probably this was
less true of foreign exchange than of
the others, for it began to be recog
nized that the reaction in sterling
and continental rates has resulted
largely from the sale of bills accumu
lated for transfer of funds in the or
dinary course from Europe to
America: such bills havins: previous
ly been held back to get full advan
tage of the rise in rates.
Preach Debt Reduced.
There Is no. need of resorting to theories
of "shifting tne Germsn payments to New
York" through some unexplained ma
chinery of transfer. Quite aside from the
large recurring English remittances to
establish balances for interest payments
and maturities in this country, we snave
the striking figures showing tbe French
government's reduction of its American ob
ligations by 92,000,000 gold franca in the
March quarter and by 134,000,000 during
April and further payments on the same
account have just been made. These re
mittances would naturally be mado from
time to time, whenever the New York ex
change market gave opportunity for sell
ing on advantageous terms the necessary
drafts or, as London and Paris describe
the operation, for "buying American dol
lars." Such an opportunity ocourred last
week.
The day's irregular movement of indus
trial shares on the stock exchange re
flected quick repurchase by speculators of
the stocKs sola on tne previous aay s de
cline, while applying pressure to a few
of the stocks which did not fall or) Tues
day. As a group, the railway shares were
distinctly strong. This may have been
partly due to the labor board's reported
purpose to announce a 10 to In per cent
reduction in wages next Wednesday. Ac
cepting the usual calculation that last
July's advanoe In wages averaged 25 per
cent, a 10 per cent reduction would cancel
one-half of the 1920 Increase ami a 15
per cent reduction about three-fourths of
it 1
" New York Curb Jgtoclis.
The following quotations are furnished
by Logan & Bryan:
Boston Montana 69 - 0 60
Boston Wyoming 74 7.16
Cresson Gold 19 1
Cosdon Oil 6 9 7
Consolidated Copper 1 1
Elk Basin 7 7
Federal Oil H4 B lt
Glenrock OH ' 1 1
Merrlt Oil 10 10
Midwest Refining Co 146 146
silver King ot Arizona ...... 10 20
Sapulpa Oil 4 4
SImms Petroleum 7 8
IT. S. Steamship 6.16
V. 8. Retail Candy 7 7
White Oil 15
Turpentine and Rosin.
Savannah, Ga.. May 25. Turpentine
Firm; 68c; sales. 81 bbls.; receipts, 383
bbls. ; shipments, 216 bbls.; stock, 8,250
bbls.
Rosin Firm: sales. 763 casks: receipts.
1,033 casks; shipments, 2,469 casks; stock,
1,1.400 casus.
Quotes B. D., $3.80: E.. $3.90: F.. 4.15:
G.. $4.20; H.. $4.25; I., $4.30; K., $4.46;
M., $5.00; N., $6.85; WG., $6.85; WW.,
Chicago Potatoes.
Chicago. May 25. Potatoes Market
weak; receipts, 6J cars: old northern white
sacked and bulk. 70985c cwt; new Texas
and Louisiana Bliss Triumphs No. 1,
$2.8593.00 cwt: No. 2. Sl.E0et.T6 cwt:
south Carolina Irish cobblers, $6.60 barrel.
Everybody Trades at
Philip's Big Store
v There's a Reason
The person who aid: "There's Nothing in a Name" did not live in this
modern day, when "The Fastest Growing Store in Omaha" set the pace
for the record breaking prices-
A Smashing Sale of Summer Footwear
Hundreds of Pairs of Women's and
. Misses' New Spring Shoes,
' Strap Slippers, Oxfords
and Pumps
High or low heel, button or
lace, in black and tan in dull
kid or patent leather finish.
All sizei. Many different
models are included, for
rlrAsi. for street, for snort.
for afternoon, for business wear.
$8.00, on sale now at, a pair
$2.98
KIDDIE KARS
Kiddie Kars for the little folks, the little
boy or girl's delight; every kar extra well
made, brightly colored and decorated in
gold stripes; regularly sold for $2.98
Special at $1.25
m m mm 11 wmtm
iii-MHniiinimiinTiiiiiiiiiiiiMiiiiiiiiiiiiiiiiiiiiiiiiii.'iiniiiiiiiiiiiiiimiiiniiiiiiiiiiiiiiiiiiiiiH
U
24th and OSts.
Ask for Cr,eB
New York Quotations
Range of prices of the leading stocks
furnished by Logan ft Bryan, Peters Trust
building:
RAILS.
Tuesday
High Low ' Close Close
A T A S F Kl'i 60 80 81
B. & 0 39 38 89 39
Can. Pacific 116 113 114 114
N. Y. Central 68 67 8 68
Chss. & Ohio 67 67 67 67
Erie It. R 13 13 13 13
Gt. N. ptd 66 66 66 66
Chi Gt West 7 7 7 $
111. Cen. 90 90 90 ....
M K & T 2 2 2 2
K C South 27 26 . 27 26
Mo. Pac 21 21 21 21
N Y N H H.. 18 1 18 18
No. Pac Ry 70 69 69 69
Chi & N W. 66 64 65 64
Penn R R 34 34 34 84
Reading Co 71 70 71 70
C R I St P 22 11 32 21
so. pac. CO 76 -16 15 (0
So. Railway 20 20 20 20
Chi Mil A St P.... 28 27 28 27
Union Pacltlo ....119 116 119 118
Wabash 7 7' 7 7
STEELS.
Am Car & F 123 121 121 122
Allls-Chalm Mfg .. 34 31 ,22 84
Am. Loco. Co 84 83 84 84
Utd Alloy S Corp 29
Bald Looo Wks 79 77 79 79
Beth Steel Corp... 67 65 67 56
Colo F & I CO.... 28 28 ZB 30
Hruclhla Steel Co.. 69 67 U. 69Vt 69
Am St Foun 29 28 29 29
Lack Steel Co.... 47 46 47i 47
Mid St A Ord.... 27 27 27 27
Pr Steel car Co.. hi so mo
Rep I & St Co.... 67 66 66 67
Pv Steel Snrlnr... 84 83 83 Vi 84
Sloss-S. St A I.... 39 89 39 39
U S Steel 82 82 62 82
COPPERS.
Ana Cop Min 41 40 41 41
Am 8 K Co.... 3 a
Rutta Hii Min Co 13 13 13 14
Chile Cop Co 11 11 11 12
Chlno Cop Co.,.. 26 24 24 26
Cal & Arts 50 60 60 ....
Insp Cons Cop.... 35 35 ID so
lr.nn CnnlHr SI U, 20 20 21
Miami Cop Co.... 22 28 22 23
Nev Cons Cop Co.. 11 11 11 11
Ray Con Cop Co.. l
Utah Cop Co 65 64 64 6a
INDUSTRIALS.
Am Bt Sugar Co.. 88 37 27 3
Atl O A W I S S.. 89 36 88 38
Am Int Corp .... 46 44 46 46
Am S Tob Co..... 65 64 64 64
r.nein nil 16 38 86 36
Am. Cotton OH Co. 19 is
Am. Tel. ft Tel.. 106 104 104 104
American Can Co. 28 28 28 28
Chandler Motor Co. 6362 62 62
Cen. Leather Co... 26 35 36 $5
Cuba Cane Sugar., is n Ts "tt
Cal. Packing Corp. 59 ea ;
Cal. Petr. Corp... 44 42 43 42
Corn Pro. Rfg. Co. 68 66 68 68
Nat. En. ft Stamp. 52 61 61 51
Flsk Rub. Co.... 14 13 14 14
Gen. Electric Co.. 136 131 183 135
r.t Win A Wis-. 1 1 1 1
General Mot. Co... 11 10 11 11
Goodrich Co 36 36 3
Am. Hd. Lr. Co. 12 11 11
Haskell ft Brk. Co. 55 $4 66 65
U. S. Ind Alco. Co. 68 67 ti ott
Inter. Nickel .... 15 15 16 16
Inter. Paper Co... 68 66 67 68
Ajax Rubber Co.. 30 29 30 31
Kellv-So'lnefd. Tl'e. 42 40 42 4t
Kystne Tire, Rub.. 14 14 14 15
Max Motor Co.... 4 4 4 ....
Mex Pet 149 147 149 147
Mid States Oil. ...149 147 149ft
Pure OH Co 32 31 32 32
Willys-O Co 8 8 8 8
Pan-Am. P A T.. 66 63 66 65
Pierce-Ar Motor .. 24 23 24 23
Royal Dutch CO.. 62 61 63 61,a
U S Rubber Co.... 70 68 70 70
Am Sug Rfg Co... 90 88 89 90
Sinclair OH ft Rfg. 24 23 23 25
Sears-Roe Co 77 76 77 76
Strom Carb Co... 36 35 36 36
Studebaker Corp .. 74 73 74 73
Tob Prod Co 67 '66 66 66
Trans-Con Oil .... 9 8 9 9
Texas Co 36 36 36
U S Food Pr Corp. 20 19 19 20
U S S R & Min.... 33 S3 33 34
The White M Co.. 39 88 38 38
Wilson Co Inc.... 40 40 40 40
West Airbrake.... 93 93 93 ....
West El ft Mfg... 46 45 46 46
Am Woolen Co 7 la ii
Total sales, S87.600. -
Money Close, 7 per cent Tuesday's close,
T per cent.
Marks Close, .oioo ; xuesun-y
.0163. M ,
Sterling Close, )i.)i; iuu
$3.93.
New York Produce.
4r Hi,, tr Firmer:
hut,., than or t rrt 29 (7930a;
creamery, extras, 29c; firsts. 2728c.
KggS r irm; ireen gmucrcu, cu t iiibw,
26 27c; firsts, 23026c
cneese uncuangeu.
T.lu. PnnUrD TCan4er tirnllfllH. 35(S355C;
dressed steady, unchanged.
Bar Silver.
New York. May 25. Bar Sliver Domes
tic. 99c; foreign. 68c; Mexican dol-j
Jars. 44 c I
Thursday, Friday and Saturday
Introducing a
special event
models the newest, most
original designs the better
styles tho finest materials
from tha most
Values up to
Trading Stamps They Are Given
i
Omaha Grain
Omaha, May 25.
There was a much larger run of
grain today than the average recent
ly, wheat particularly showing a big
increase, and corn arrivals were also
larger. Wheat prices, taken gener
ally, were unchanged. Corn ranged
lc up to l-2c off. White was l-2c
to lc up. No. 2 yellow was un
changed to l-2c up, while No. 3 yel
lowi was l-2c lower. Mixed was also
lower. Oats were 1 l-4c to l-2c off.
Rye and barley were unchanged.
WHEAT.
No. 1 hard: 2 cars, $1.60; 1 car,
$1.60, (shippers weight); 10 cers, $1.59; 2
cars, $1.68, (smutty); 1 car, $1.69, (smut
ty). No. t hard: 1 car, $1.68; I cars, $1.67;
t cars, $1.66, (smutty); 1 car, $1.66, (smut
ty). No. $ hard: 10 cars, $1.66: 1 car, $1.66,
(smutty); 1 car, $1.64, (smutty).
No. 4 hard: 1 car, $1.64
No. i hard: 3 cars, $1.52; 2 oars,
$1.60; 1 car, $1.49, (smutty).
No. 4 spring: 1 car, $1.62, (dark north
ern). No. 1 mixed: 1 car. $1.67; 1 car, $1.48,
durum heavy, (special billing); 1 car,
$1.38, (smutty, sour).
No. 3 mixed: 1 car, $1.40, (mixed red
durum); car, $1.38, (durum).
No. 4 mixed: 3-5 car, $1.40.
Sample mixed: 1 car, $1.24.
CORN.
No. 1 white. 2 cars. 570.
No. 2 white: 1 car, 57c; 2 cars, 55 c.
No. 3 white: 2 cars, 55c.
No. 6 white: 1 car, 62c.
No. 1 yellow: 1 car, 66c.
No. 2 yellow: 1 car, 66c; 4 cars, 56c.
No. $ yellow: 1 car, 64c.
No. 6 yellow: 1 car, 62c.
No. 2 mixed: 2 cars, 62c.
No. 2 mixed: 1 car. 63c, (shippers
weights). .
No. 6 mixed: 1 car. 49c, (musty).
OATS.
No. 2 white, $ cars. 26 c.
No. 3 whits, 2 cars. 38c.
RYE.
Sample: 3-5 car, $1.40.
BARLEY
No. 2: 1 car, 67c, (shippers welghU).
WOMAHA RECEIPTS AND SHIPMENTS.
Today Wk. Ago Yr. Ago
Wheat 110 22 47
Corn 65 22 29
Oats 26 7 13
Rye J J 2
Barley $11
Shipments
Today Wk. Ago Yr. Age
Wheat 69 41 ?3
Corn 46 I J7
Oats ' ? ;
?. ? x y
Barley J
CHICAGO CAM l.u 1 ncr-irio.
. Today Wk, Ago Yr. Ago
Wheat SO 16 i
Corn 255 85 100
Oats ....101 19 2
KANSAS CITZ KKCHiir T3
Today Wk. Ago Yr. Ago
Wheat ..196 . 127 J
Corn ... 26 6 27
Oat 1 70 4
ST. LOUIS RECEIPTS.
Today Wk. Ago Yr. Ago
Wheat 1 76 102
Corn 87 28 43
Oats 83 26 48
NORTHWESTERN RECEIPT OF WHEAT
Today Wk. Ago xr. Ago
Minneapolis 218 228 158
Duluth 83 84 22
Winnipeg 190 132 110
PRIMARY RECEIPTS AND SHIPMENTS
Receipts Today Year Ago
Wheat -955,000 640,000
Corn 1,171,000 468,000
Oats 640,000 602,000
Shipments Today Year Ago
Wheat 663,000 627,000
Corn 281,000 264,000
Oats 490,000 521,000
. EXPORT CLEARANCES.
Today Year Ago
Wheat 946,000 477,000
Corn 129,000
New York General.
New York. May 25. Floui: Firm:
spring clears. 67. 25 7. 76; hard winter
straights, y.(ioi.MJ.
Wheat Spot, market Irregular; No. 2
red, $1.86; No. 2 hard, $1.89, and No. 2
mixed durum, $1.83 c. i. f. traok New
York to arrive: No. 1 Manitoba. $1.90
c. i. f. track first half June shipment.
Corn Spot, market steady; No. 2 yel
low and No. 2 white, 81 o and No. 2
mixed, 81ct No. 2 white, 81o and
No. 2 mixed. 81 c. t f. New York
10-day- shipment.
Oats spot.-market easy: do. i wnue,
83e. ....
Pork Market easy; mess, $24.60
25.00.
Evaporated Apples and Dried Fruits.
'w vork M,v 26. EvaDorated Ap
ples Market' scarce.
prunes ano . vrpncois achvo.
Peaches Firm.
6,000 Pairs of White Poplin and Can
vas Shoes for Men, Ladies and
Misses, Consisting of Shoes,
Oxfords,' Slippers, Pumps
(Made by the U. S. Rubber Co.,
Regent Brand)
remarkable
the latest
reliable cus mmic
"reT2sP7
torn shoes manufacturers of this country. Values
up to $4.50, on sale, special, at per pair
l'$1.39
South Omaha
With Each Purchase.
Bonds and Notes
Ths following quotations fumishsd by
the Omaha Trust company, May 26, 1921:
Appro.
Ylld
Price Per Cent
Am. T. A T. Co. 6s, 1922.... 97 8.06
Am. T. ft T. Co. 6s. 1934.... 96 7.60
Anaconda Ts, 1929 96 ' 7.75
Armour 7s, 1930 95 7.66
Belgian Gov. 6s. 1941 97 9.23
Belgian Gov. Ts, 1946 98 7.66
Bethlehem 8teel 7s, 1922.... 97 8.00
British 6s, 1922 97 7.13
British 6s, 1929 91 6.90
British 6s. 1937 85 7.06
C. C. C. ft Bt. L. 6s, 1929.... 88 7.45
Denmark 6s. 1946 99 8.10
French Gov. 8s. 1946 99 8.06
B. F. Goodrich 7s, 1936 93 9.10
Japanese Gov. 1st 4s, 1926.. 84 9.10
Japanese Gov. 4s, 1931 66 8.76
Norway 8s, 1940 100 7.95
North. Bell Tel. Co. Ts, 1941.. 98 7.11
N. Y. Central 7s, 1930 99 7.02
Penn. R. R. Co. 7s. 1930 100 7.03
South. Bell Tel. Co. 7s. 1926.. 96 9.06
Swift ft Co. 7s. 1926 96 8.20
Swiss Gov. 8s. 1940 109 7.66
U. 8. Rubber 7s. 1930 99 7.60
West. Elec. 7s. 1931 29 T.10
New York Bonds.
The following quotations are
by Logan ft Bryan, Peters Trust
furnished
building:
a 76
Atch. Gen. 4s 76
B. ft O. Gold 4s 67
Cent. Pac 1st 4s 72
67
i 73
C. B. ft Q Jt 4s 99
50f 99.60
C. M. ft St. P. Gen. 4s 66
W 66
75
C. & N. W. Gen 4s 74
L. ft N. U. 4s 80
N. Y. Ry. 4s , 20
fi 1
W 24
74
Nor. Pac. P. L. 4s 73
Reading Gen. 4s 75
76
80
96
75
U. P. 1st 4s "0
U. S. Steel 5s 94
U. P. 1st Ret. 4s 74
8. P. Cv. 6s 84
W S7H
it 78
9. P. Cv. 4s 78
Penn. Con. 4Us 84
86
Penn. Gnn. 4s 76
76
C. ft O. Con. 5s 81
Ore. S. L. Ref. 4 76
( 81
79
Foreign Exchange Rates.
Following ars today's rates of exchange
as compared with the par valuation. Fur
nished by the Peters National bank.
Par Valuation Today
Austria 30 .0027
Belgium 196 .0862
Czecho-Stovakis .0151
Denmark 27 ' .1810
England 4.86 3.97
France 192 .0860
Germany 238 .0144
Greece 195 .0552
Italy 196 .0550
Jugo Slavla .0090
Norway 27 .1570
Poland .0015
Sweden 27 .2345
Switzerland 195 .179$
Canada 1 00 .8976
Chicago Stocks.
The following Quotations are furnished
by Logan ft Bryan:
Armour ft Co. pfd 88
Armour Leather Co. pfd.... 126
Armour Leather Co. pfd.... 85
Commonwealth Edison Co.... 109
Cudahy Packing Co. common. 61
Continental Motors 6
Hartman Corp. common 76
Libby, McNeil ft Llbby 8
Montgomery Ward Co 20
National Leather 7
Reo Motor Car Co 17
Swift ft Co 97
Swift International .26
Union Carbide ft Carbon Co. .'. 46
Linseed Oil.
Duluth. Minn., May 25. Linseed on
track and arrive, $1.89.
A Strong
Publk Utility
with earnings over twice
interest charges
The Portland Railway,
Light & Power Com
pany 7 Mi bonds can
not be called for ten 1
years and matnre in 1946.
Yield 7M
Circular on request for OB-S92
The National City Company
Omaha First National Bank Bldg.
Telephone Douglas ttlS
Phone Douglas 2793
7m
IhWaiatoffOnVt
OMAHA
PRINTING
COMPANY
OfLtai
ajTsmias- wsj wavMsj asaai ssasa Shi
muMts iusi nUtlM
Commercial Prikters-Lithoiraphers SteelDie Cksossxs
. LOOSC LCAf
f
GRAIN
117 E solicit your consignments of
all kinds of grain to the
Omaha, Chicago, Milwaukee, Kan
sas City and Sioux City markets.
W e Offer You the Services of Our Offices Located at
Omaha, Nebraska
Lincoln, Nebraska
Hastings, Nebraska
Chicago, Illinois
Sioux City, Iowa
Holdrege, Nebraska
Get in touch with one of these branch
offices with your next grain shipment.
The Updike Grain Company
"The Reliable Consignment House"
South Side
Packer Trustees i
To Visit Yards
Representatives of Armour
And Swift Interests to In
spect Here Today.
Hon. George Sutherland and Cot.
Henry W. Anderson, trustees under
the plan for the disposition of Ar
mour and Swift company interests
in stock yards, accompanied by H. J.
Galloway, special assistant to Attor
ney General Daugherty, in charge
of packer litigation, will arrive in
Omaha today at 11:15 p. m. for
an inspection of the South Omaha
yards.
Friday morning they will be con
ducted on a tour of inspection of the
properties and in the atternoon from
1 to 3 they will meet with officers of
the Live Stock exchange, commis
sion men, shippers who happen to be
on the market that day and Omaha
bankers to discuss the disposal of
the Armour and Swift interests in
the South Omaha stock yards. They
will leave Friday afternoon for
Denver.
Swift Employes Accept
General Assembly Plan
Swift employes in Omaha voted
yesterday to accept the general as
sembly play propose by company of
ficials. Employes to serve in the general
assembly were nominated and will
be voted on Friday. Names of the
nominees will be posted today. ,
Representatives of employes and
of the company will serve in the gen
eral assembly before which matters
of the welfare of employes will be
brought for settlement The plan Is
to bring about a better understand
ing between the employes and the
firm by which they are employed,
Swift officials declare.
South Side Brevities
Mrs. Terry Wheeler. 2701 E streets, will
be hostens to the Women's Home and
Foielsn Missionary society ot the Wheeler
Memorial church, Thursday afternoon. .
Mrs. Frank Klnseley's division of the
aid society of Grace M. K. church will
serve a 1 o'clock luncheon Thursday
at the home of Mrs. Fred Lush, Fort
Crook boulevard. Those attending are di
rected to take the noon Fort Crook car
and get oft at Child's erosslnsv ,
"Oh! Min"
and
Andy Gump
And Their Bright
Son. Chester,
are sure to cheer you
up with their funny
doings every week
day and Sunday in
DCVICCS
Geneva, Nebraska
Des Moines, Iowa
Milwaukee, Wis.
Hamburg, Iowa
Kansas City, Mo.
The Va,
Omaha Yp
Bee fO
