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About Omaha daily bee. (Omaha [Neb.]) 187?-1922 | View Entire Issue (May 27, 1921)
THE BEE: OMAHA. FRIDAY, MAY 27. 1921. 11 Billion of New Capital Put Into U.S. Oil Industry Battle for Petroleum Reflects As Far-Reaching Endeavors As International Finan cial Problems. By HOLLAND. In three years $1,000,000,000 of new capital lias been put into the American oil industry. One-half of 4ns amount represented ilew cap ital placed in the industry by ths Standard Oil company of Xew lr ey and the Sinclair Consolidated tonipany. Notwithstanding indus trial depression, the American oil Industry has not lagged. In fact nothing can he compared with it in the magnitude and energy which it represents excepting a discovery of gold which would recall the Cali fornian and Australian discoveries in the mid-years of the past ccuturv. From one point of view the world's ltntfiClc for oil reflects as cxcftittir. Important and far-reaching endeavor M do the international financial prob lems. This oil 'battle, so to call it, s 110 longer confined to the Standard Oil intercuts 0:1 the one hand and !he Royal Dutch upon the other. Others who arc in the oil industries rc causing searches to be in?dc trom S.igalien to the South Seas. Oil in Frozen North. We now know that north of the Arctic Circle a well has been drilled Vhich gives good indication oflatgj deposits of oil beneath the frozen nd icebound soil. Reports readied New York, whid' ir confirmed will juftify the (xpect itiun that Africa will within a few years be found to be yielding oil in enormous amounts. The Sinclair people are developing oil in Costa Rica and Pan ama, The Standad Oil is beginning to utilize the rich deposits in Co lombia. Recent developments in Maracaibo and Venezuela have jus tified the establishment there by the Standard Oil company of one of the greatest refineries in the world. This is near the Southenr littoral of the Carribean Sea. Thl erch, the world over for oil has rhsnred oil Inrtustrlnl conditions within n few yearn. While the war was In program und until ths armistice was aUtiied the Industry ws characterized by oil men as no mor. thn one. straight proposition which Involved production, refining and transportation. Now a new factor has risen. It reflerts the necessity of feeding ths markets of the world, of conserving as far as possible our own supplies and of working In co-operation or amity with other nations, for reasonable competition can be carried on by ,1ust and fair methods and not by unfair treatment by one na tion of another. Until recentiv the Industry has been sustained almost entirely by the Ameri can oil wells. Now the evidence Is plenti ful that so great has been the expansion of the Industry and so large are the h-orld'a demands for the various products of oil that it Is essential, even vital, that the world be searched In order to secure the needed supplies. Voting Men in Industry. Almost every one of 4h men who be tome identified with the establishment, of the enormous oil industry 1n the United Slates excepting .tohn I'. Rockefeller and ais broiher, William, remained Incessantly r work until ihev were worn out. H. H. Rogers and John D. Archtbold might have reached a hale old age had they . 7 mi.. n u .a vniin. men. en miiiiin iu " v " ---- hen ttdwarri '11. Harrlman said that Ahen he was 60 years old he would retire Trom -active ousinena ami un.ui i-j ".. none of those who knew him believed that he would keep his word.. He did not ind no doubt shortened his years by the amaalng intensity with which he kep at his work. The Standard Oil Company of New Jer sey is now directed with, brilliant suc cess ly two young men.' Walter Clark Teagle, the president, has Just turned his 40th year, while A. C. Bedford, chairman of the board, Is under SO. Recently the Sinclair Consolidated Oil corporation has chosen Harry F. Sinclair as chairman ot the board of directors and has made choice of hia brother. Earl TV. Sinclair, as president. Harry F. Sinclair is 4j rears of age and hie brother is two years older. ' . , . About, flv. years ago Harry F. Sinclair came from Tulsa, Okl., to New York. He hoped to be able, to gain ere financial support for the organization of the first Sinclair Oil company. He was then 4C years, of age. He had been en gaged In the Oil industry since he was 25. In what is called the "Mia-uonunem Fields," his ability, foresight and energy were widely recognized. Yet no dis covered when he came to New York thai that recognition had not reached here. The hankers were interested in somethms tint, than the oil Industry. However, Mr. iSnclair was able five years ago to flnanoe the organisation of his company on a basis of J50.O00.O00. To av this asset has grown to a little over S350,000,0OO. This rapid growth reflects (he wonderful increase irt the world s de mand for the various products of petrol eum. K Bunker and Oil Man. Esrl W. Sinclair, who is now 47 Tears of age. was widely known in the ' mill continent fields" as the- man who built up a banking institution which gained such success that it wsa often spoken rf as "The oil bank." It's official name v the Exchange National Bank of Tulsa. Okl. When Mr. Sinclair began to build up this bank Its deposits were only a little over ft. 600.000. Today the deposits are iS.OOn.OOO. This increase in deposits is one of the evidences of the growth of the oil Industry In the mid-continent field and also is a tribute to Mr. Sinclair's man sgement of the bank. He was not only i banker but he was also an oil man. This probably explains in part Ills success as a banker for he so managed the bank s to make strong appeal to oil men. It vas to him and hia bank that much of .he development of the petroleum Imlus Uv in the southwest was made possible. Th choice of Harry Sinclair for clntir. nan of the board and of his brother, arl, aa president, justifies the assumption hat the industry which they represent will o pushed to its utmost capacity and that t together with the Standard Oil and sev ral other oil Industries, will continue the vorld's struggle tor oil until at last It has seen demonstrated that there does lie be f.eath the soil oil in sufficient quantity, awaiting development, to provide for any conceivable need of oil to meet the world" (iunands for many years to oomu. New Tork Cotton. New York, May 26. The cotton mar ket showed some irregularities during today', early trading. With the cables about as exnected, the disposition to take profits for over the week-end was promoted by a favorable weather map and the extent of Wednes day' advance. This led to considerable scattered selling and after opening steady at an advance of 2 to S point. attv month, worked 2 or S points below .Ved ncsday night's close. , There was a moderate trade demand, however, as well aa continued Wall street buying, which sent.,July contracts up from I J.S9 to 15.95c and October from IS. 67 to 13.74c within a few minutes, or about 4 to ( points net' higher. Xiveipool trade advices reportod an Improving spot demand -and a good un dertone there. Private cables report the future, market for Egyptian cotton at Alexandria closed until further notice. The market waa easier late. Buying on bullish crop reporta seemed to have run its course for the tlnje being and there was a (OOd deal of realizing for over the approaching three days ad journment. Further buying for western accounts was probably held In check by weakness in the grain market, while th. disposi tion to take profits on recent purchase. was promoted by continued favorable weather. July eased off eV 12.78c and October to 18.52c, or 11 to 14 poinU net lower. Omaha Hay Market. Prairie Hay Receipts somewhat heavier, prices .steady" Qn the better grade, and a little lower on tne lower grades Alfalfa Rsceipts nominal. Fair de mand. 'Price, steady. 8traw No- receipts. LHtl demand. Price, firm. Hay No. 1 Upland Prairie. 112.00 ts 113.00; No. 2 Upland Prairie, $0 80 to $10.50; No. 3 Upland Prairie. 57.00 to s oo: no. i Midland, 111.00 to 112 00: .o. I Midland. 88.00 to 19.00: No. S Midlar.d. 8 SO to $7 80: No. t Lowland. M.at to j.6: No. 2 Lowland. 86.60 to S7.&0. Alfalfa Choice. $21.00 10 821.00: No. 1. tS rn to ICO OUT Standard, tl D 10 $1T.5; X'.. IS 1A 111 AA- n 1 17AA la 11 mi " ra-.v Oat, JS.00 to" 8J.0O; wheat. 47.10 10 85.UU. Market, Financial and Industrial News of the Day n . ' ' , . ... , . Live Stock Omaha May :. Tterelpts were Cattle. Hogs. Sheep. Official Monday.... 6.40J Official Tuesday.,.. 4,704 Official Wednesday. M0 Estimate Thursday. 1.400 days this week. . .1 Ml 3 Same dsy last week. 23. Otl Same day 2 wk. ago. 22.667 Same day 2 wk. ago.20,:' Sams day year ago.. It, 786 ,427 7,sl 13.123 17,178 t.ono 4.2 38,715 41.MT 4J.943 48. SH 8, OSS 2.804 7,200 !2.S1 21.417 SOU !8.4?0 18,li7 Rereipfs and disposition of live slock at the Union Sijeck Tarda. Omaha, Neb., for 24 hours ending at 3 o'clock p. m., May 26, 19;1; TtEt'ElPTS CARS. Cattl. Hoas Sheep Wabash Tt R... 1 1 .... . 17 , 17 29 81 2 4 .... , 21 80 2 I 9 18 1 10, 4 3 23 84 S 3 3 .... ... 1 .... 2 t .... 1 1 113 184 30 IN HEAD. Cattle Hogs Sheep 410 1871 889 889 3038 837 207 803 87 343 1844 111 -570 2118 2774 107 I ... ' 89 188 .... Missouri Parifjc r.y.. Union Ta rifle R. R C. A. N. W. Rf., east. i . , w Rv., west C. rit. P.. M. k O. Ry C, B. ft Q. Ry., east . C, B. Q. Ry., west C, 11. T. P., east.. C. It. I. A P.. west.. Illinois Central By.. C, 11. W. Ry Total receipts .... Armour & Company. Cudahv Packing Co. Hold Parking Co Morris Packing Co..' Swift A Co Ogden Murphy, J. W Swai'U & Co Lincoln Packing Co,. 24 Wilson Packing Co... 104 Olassburg, M 22 Mayerowich Vail., 1 Mldweat Packing Co. 7 O'Dea. F 19 Omaha Packing Co... 14 So. Omaha Pkg. Co.. 22 Bulla. J. H 9 Christie. K G. & Son 21 Harvey, John 218 Kellogg, F. O S Lundgren. Joel , 8 Lewis, F. P 4 Root. J. a. Co 108 Sullivan Bro; 1 Other buyers ' " : Total ..245 10215 6922 Cattle--" inns of -aitle f,-l off very aharplv t.uay following th iU-uIiucb early m the week, and with only about 2.400 head on aale ilie mnr'uet for beef steers and cows bra-cd up a little, prlcea being steady in strong compared with yester day. Wnelliy whs not as good as it has been ami nothing real toopy was offered. About the only feeders here were directs, the market was nominally utearly. Com pared with a week ago today Beef steers and butcher stock ais selling 601?78c lower, the market being around 250360 under the lowest time last week. Quotations on cattle: Choice to prime beeves, s lOfSS 35: good to choice beeves, 87.80Q8.00: fair to good beeves, $7.2BS 7.80; common to fair beeves, $8.7o7.26; choice to prime yearlings, $9,254)8.80; good to choice yearlings, t7.SOi38.00: fair to good yearlings, $7.o07.69; common to fHlr yearlings, $6.80(7.00; choice to prime heifers, $7.0n 7.76: good to choice heif nrs. $S. 60(8)7.00 : choice to prime cows. Jil.O0C6.50; good to choice cows. $8.80(9 1 00; fair to good cows, f 4.75(j8.50; com mon to fair cows, $2001314.00; good to choice feeders, $7.S5i&7.76; fair to good feeders, $8 50$7.2S; common to fair feed ers, 86.00ti.50; good to. choice stotkers, 87. SSI 7.76: fair to good: stockera, .bOH) 7.25; common to fair atockers. $5.00S 8.25: stock heifers, $4.50818.00; stuck cows, S3.r.0M.75; stock calves, $5.00 7.60: veal calves. ' $5.00I0.00; bulls, stags, etc; $4.757.0O. , BEKP STFtKRS. No. Av. Pr. No. Av. Pr. 11 989 $ 8 85 12 900 7 00 13 901 7 10 ' 2$ 1224 7 35 7 928 7 40 40 . .1243 7 46 10, 1083 7 50 8 1381 7 80 31 1248 7 85 23 1398 7 70 8. ..v.. 1108 7 75 IS 1204 7 90 1 8. .....1490 7 85 42 1405 7 90 19 1061 7 96 38 1325 8 00 28 1450 8 10 6 1391 8 25 STEERS AND HEIFERS. 29 494 6 25 12 1024 7 00 8 935 7 25 16 723 7 40 U..... 749 7 80 16 898 7 60 14 951 7 75 12 845 20 YEARLINGS. 12... 713 8 75 21 82J 7 00 1 1 848 7 45 14 770 7 80 41 770 7 65 10 989 7 d $ 792 7 75 17...... 2J 1 90 COWS. 9 831 8 21 1 879 6 00 7 10S8 8 10 11 923 6 38 HEIFERS. 8 871 6 50 7 . 871 80 10 737 8 60 12 91 6 65 StTOOKERS AND FEEDERS. 18 524 6 00 11 667 (0 t 652 6 80 BULLS. 1 .1050 8 00 1 970 4 25 1 1060 4 35 1 1470 4 60 1 1180 6 60 2 698 6 7 CALVES. 11 390 8 50 , 413 6 00 1 610 7 00 3 140 7 60 Hogs With a run of 8.000 hogs trad was featured by further decline, and most of the hogs sold at figures about a quarter lower. It was a rather quiet market throughout, due to a limited shipping demand and rather backward buying on local packing account. Best light hogs made a top of $8.10 and bulk of th. receipts sold from $7.0007.85. HOGS. 82. .203 120 7 00 87. .578 ... 7 10 83. .824 -40 7 15 27. .299 240 7 20 68. .297 ... 7 25 U. .807 70 7 30 67. .283 ... 7 35 SO, .291 70 T 40 67. .263 ... 1 45 86. .265 ... 7 60 36. .194 70 7 75 49. .324 40 7 85 80. .211 40 8 00 47. .180 40 8 06 56. .186 ... 8 10 Sheep Arrivals of sheep and lambs' were estimated at 7.200 head and prac tically everything sold on a lower basis. Decline, of about 25c were noted on lambs, while fat sheep ruled 2 6 50c lower. Ther. was no activity to pack ing demand. dood spring lambs moved at 811.7512.00, some fed wooled Iambs brought $11.00 and fed .horn lambs wer. quoted around $10.50. Good fed ewe. dropped to $4.60 and other sales wer. re ported at $8.85fi4.!&. Quotation, on sheep: Fed wooled lambs, 89. 50 gill. 2;,; spring lambs, $9. 508M2.00; shorn lambs, $9.608110.60; fd wooled ewes, $4.265.00: shorn ewes. $3.75ff4.J0; cull ewes, $1. 00JJ3.O0. SPRING LAMBS. 264 Nat. 55 11 10 159 66 11 25 122 Nat. 62 11 00 SHORN" LAMBS. 528 fed... 64 11 00 Chicago Lite Stock, Chicago, May 26 Cattle Receipts 7.000 head; market, beet ateers strong to 156 higher; spots up more; top, $9.00 for 1,115 pounds; bulk, $7.50(5 S. 25: fat she stock, bulls, stocker. and feeder, steady; fat cows and heifers largely, $5.256.50; bulls inostiv,- $4.505.60; calve, mostly 2ic lower: bulk. $7.6098.50. - Hogs Receipts 24.000 head; market, 1525o lower than yesterday'a average; mostly 25c lower; closing weak Ht day', bottom: hold-over liberal: top early, $8.26; bulk, 87.808.15: pigs, 25ff40c lower; bulk desirable. $6,0008.10. Sheep and Lambs Receipts 10,000 head; market generally 2E50o lower; quality mostly plain; shorn lamb top, $11.50; bulk .horn lambs. $9.00l0.00; top na tive .prings. $12.00: bulk, $10.00411.60; eull. mostly, $4,505t7.00; few at $8.00; beat light ewea, I4.60Q4.25. Kansas City Un Stock. Kana City, Mo., May 18. (U. 8. Bu reau of Market..) Cattlt-R.e.ipt., 4,o0 head: beef steers, active, steady to strong; top yearlings, $8.40; Colorado pulper., $7.60; h. stock and bulls, choice heifers, 87.86r cows, mostly. $5.005.50; other rlassc. around steady; best vealere, $8.00 e.. ' l , a ... . cas h.iA' mftrlcet UUg rtBjii. " , " J - - . ..... opened slow, mostly 25c lower, closing rainy active, iwin iii most; top. $8.00: bulk of sales. $7.40 7.90; packing tow. S60 lower; pigs, strong to 25c higher; choice 100-lb. stock pigs, $9.0 v Sheep Receipts. 800 head: sheep and springers, 2560c lower; Ariiona .wee, $3.75; many natives around $8.60; few na tive spring lambs, $11.60; Arizona. $11.25; Texas sheep and Iamb, without bids. Sioux City Mve Stock. Sioux Cltv. May 8 Cattl. Receipts, 2.000 head: fed steer, and yearling., $8 00 8.60; market strong. 25o higher; t, oows and heifers. $4.6008.00; canhers. $3.0004.00: veal. J5.00iff8.00; calves. $5.00 $17.25; feeding cows and heifers, $3. SOU 5.25; atockers, $5.00 J 7.25. Hogs Receipts, 7,000 head market, 16 25c lower; light, $7.8008.00; mixed. $7.86 7.76; heavy, $7.0037.50; bulk, $7.26 1 T.8S. Sheep NO market. St. Joseph Live Stock. St. Joseph, Mo., May 26. Cattle Re ceipts, 1.600 head: market, steady to 26c lower: steers, $t.60&8.40; cows and heif ers. $4.60(98.25; calve. $5.00 7.00. Hogs Receipt. $.000 head; market opened 16025c lower; top, $7.10; bulk, $7.507.85. c V, a.ti R..lnl, 9 KOO heed' market. eady; spring lambs, 114.00911.75: clipptd . A AA . an llAl 1 " mbs. II BVVli'.vv, av, mv IAJT V. Chicago Potatoes. Chicago. May 26. Potatoes Weak: re ceipts, 82 cars, northern white, sacked and bulk, 606 75c cut ; tw Louisiana and Texas triumprt.". $2 85 93 80 rut.; T'rss cobblers. $2.50 cwt.; Louisiana long white. Chicago Grain By CHARLES D. MICHAELS. Chicago Tribune-Omaha Bee leased Wire. Chicago. May 26. The edge was off the whe3t market. Rains in the southwest and west, with predictions for scattered showers checked the bullish enthusiasm and brought about a natural reaction, as prices had gone up too fast of late. Realizing ;ales were of liberal volume and the entire grain list showed the effect of the heavy reduction in the short interest in the past few days. Open ing trades were around the highest and the close at nearly the lowest of the day, with May wheat off 1154c and July 4c. Corn, although stubborn at times, lost ll-Vc and oats llfisc, with Nfay leading, while rye showed a decline of 3 4ic. Unfavorable crop news, from the southwest and Nebraska had less in fluence on the buying side, but the impression is that when the Crop ex perts get into Illinois and Indiana they are likely to find conditions somewhat similar to those in Kan sas. A crop expert who has been over Kansas figured that with favor able weather conditions and a fair supplv of moisture, the state can raise 115,000,000 bushels, which is nearly an average. Spring wheat conditions in the northwest are most favorable. European crop prospects are for fair yields. Market Lark Support. With a lack of new sensational dam age report, from the winter wheat sec tions and with prospect, of possibly 200,000 bushels of wheat coming here between now and next Tuesday for de livery on May sales, the bulk of it being from Kansas City and Omaha. May longs were more disposed to take profits and found the market without uood buying support during the gre.ater part of the day. Prices yielded quickly to moderate selling pressure. A large line of May wheat was sold by F. S. Lewi, and attributed to ;a bnard exporters and local longs. 11 was taken by a large number of shorts. The top price of the day was $1.75U, or 4Ao under the finish1 of the previous day. while the low point was $1.68 at the close, a drop ot 17c from the previous day', high. Cash wheat was 8 to 10 cent, lower here and 212c lower on outside markets with: tho southwest leading. Winnipeg May broke over 6c with a small rslly at the laat. May In the southweat ern markets was off lOllc, and in Minneapolis 10c. July broke from $1.32 to $1.27 U, with the finish gic above the low point, the Inside be;rg 9c under' the previous day's top. Local professionals were the best sellers of July wheat and the bus ing waa scattered. P.ains In eastern and western Kansas had more to do with creating weakness and the decline than any other factor. Exporters have bought 1.500,000 bushels of wheat in the south west in the last few day. mainly for deferred shipment. Corn Frices Break. Corn felt the effects of the weakness in wheat and broke 14c from the pre vious davs close. At no time were prices as high a Wednesday's finish and at the last were at nearly the lowest ot mo day. with May at 604c and July 62 "Jo aic The attractive features was the purchase of 850.600 bushels by seaboard exportera .aid to ne at ac over juiy c. i. f. Buffalo, with! charter, for 1.250,- 000 bushels. This partly offset th. bearish feeling created by the break in wheat. Better croo re.oorts. due to scattered rains, combined with the weakness in other grains, brought general realizing sales of oat. through commission house, and carried value. 1c or mor. from the early high which was made oy mcai buvers who sold out later. July finished at 40's404c while May was off the most with the close at 387s. A yyihI1 trade was on in ive with very little interest, the pressure being mainly on the July and September which led th decline. - -..-- Fit ota. It. was easier to buy than sell wheat without influencing values sharply. The buying support was not in evidence like that of the past three day. and bullish crop news from the southwest appeared to ; have lost its effectiveness, as was natural after rains. Holdings of Msy have been largely reduced, although tho seaboard exporters are said to have fair holdings. Those who failed to tske advantage of the rise to $1.85 on Wednesday were more disposed to sell today. There was not the buying from the outside and the trade was more disposed toglve bearish consideration, more attention. The break ha placed the market In better shape for another upturn when a renewal of tho crop damage reports come from the south and central west. An impression prevail, among the close ob server, that whilo July wheat may ell down some from the present level, there will b. no real low price, for wheat the coming year, a. the world 1 going Into the new crop ieaion with no reserves, which mesne th. consumption of the hew crop a. aoon as harvested. Th. one thing for trader, who are favorable to the constructive (id. Of th. market I. the absence of Russia a. an exporter and they say that so long a. tt continue, out $1 for wheat should be considered low. A Board of Trade membership sold t $6,600 net to tho buyer. Thi. price i. $1,000 above the recent low point. Th. , Western Union Telegraph com pany, ha. . Installed an improved ticker service for furnishing the continuous quo tatlOn of the Board of Trade. The new ticker, are an improvement over th. old type and will provide faster and better service. The installation of thes. ticker, indicate, the confidence of the Western Union In the permanence of the Board of Trad, and f also another indication of the progressive attitude of the telegraph company. LeCount wired from Mexico: "Wheat through this locality Below the average. Lot ot good promising field, but much is slcklv. amall and thin stand. Wheat here badly affected with red rust. Hes sian fly in all fields and ome damage will result. Crop ha been considerably re duced, Mill there I no calamity in .ight. Oat fairly promising, but nted rain. Very hot." A Washington message .aid: "Danger threaten, the wheat crop of th. central Mississippi valley region because of the prevalence of th chinch bug, the Depart ment of Agriculture declared today. The Infestation of the insect prevail from Texas to . Missouri, where the pest i. wont, through Oklahoma, Kansas and Nebraska, extending through Indiana and Illinois Into Michigan, The menace 1 not confined to wheat alone, but the corn and ry. crops also are threatened." CHICAGO CLOSING PRICES. By ur pdlke Grain Co., Doug 2627. May 26. I Open. I High. I Low. I Close. I Yes. Art wht. I I May I 1.75 ' I 1.74 July I 131 I 130; Ry., t May, I l.l July 1 1.2 Sept I 1.094 Corn ' i May .61 July .S3' 62i Sept. .6 65!! Oat. May .38 H .381 July .4Hit .404? Sep .4$ Pork I May 17 45 I July 17.70 Lard I I May 23 I July 67 Ribs " I May t ' fly I 9 1.76 '.( i.$ ( 1.77i . 1.86 1.61 1.27 4 1 1 324 l.Zt I 1.12 1.60 1.61. 1.3J-4 1.S6H 1.064 1.6$ 1.26 '4 i.iov .S1H -63H 1.60 1.21 1.064 .60i .62 .8084 .62 .OS .6514 .6184 .63; r.4 .60', MH 40'i Yj " lH .48 1i .66Hj .6474 '' .39 H j .38 .Yi'i'j".Yo' '.48 ( ' YlH i .18 " ".Yo' .4084 .42 84 .42 17.45 117.45 17,70 ili.45 17.48 17.46 117.80 117.80 9 53 8.70 9 22 9.62 21 9 51 9.61 1.77 9 92 I 9.70 I 8.70 8.71 .7 I .71 9 90 I 9.97 Minneapolis Grain. Minneapolis. May It. Flour Unchanged., Bran $18 00. Wheat receipt, 141 car. compared with 148 car. a year ago. Cash, No. 1, north ern. $1.5191.60; May, $1.41: July, $1.30. Corn No. 1 yellow, 82 63c. Oat No. I white, 36 06 0. Barley 46062. ; Rye No. 2. $1.421 45. Flix No. , 1, $1.$61.87. Kansas City Oraln. -Kama. City, 1 May 16. Wheat May, $1.47: July. $1 21. Corn May, 61"4c; July, 66c; September, 59Ml St. Louis Grain. St. Louis, Mo.. May 26. Wheat May, $1.66: July. $1.28. Corn May, SOc; July. 6lS81c. Oatt May, 40ic; July, 4184c Puluth Grain. Puluth May ei, Llasesd on track and arnvt, II,. 8, Financial 1 ShcKttoJJark'Sitntei. By ALEXANDER DANA NOYES. Chicago Tribune-Omaha Be Leaned Wire. New York, May 26.-Further ad vances in the stock market checked by the late rise in call money to 7Vi per cent, the highest rate since Feb ruary were accompanied today by another moderate decline in sterling i exchange and reaction in the price of wheat. J he reserve bank statements, given out after the close of business, were not the least interesting inci dent of the day. At the New York federal bank the reserve ratio rose to 58"ji per cent. It was 57 per cent a week ago and did not get above 43 in the whole of 1920. This rise occurred, notwithstanding largely in creased kans, but the bank added $26,000,000 gold to its reserve dur ing the week, both from importa tions and from other reserve banks. The whole system's reserve per centage rose from 256ji to 57-5, which is the highest since the begin ning of July, 1918. Outstanding note circulation decreased '$32,600,000 further and it is now at the lowest figure since October of 1919 and marks a decrease from last Decem ber's maximum tf $670,000,000 or nearly 20 per cent. ' Recovery Continue. The recovery which began on Wednee day from the previous day's break in stocks wa continued more vigoroualy to day and some of the shares whose de cline had been considerable were getting back to the week's opening price. To day's market closed below tho hlghe4t. but It left an almost unbroken list of net advances. The railway shares were conspicuously strong; responding partly to the fact that formal announcement of the railway reductions is now near at hand, but perhaps more directly to the notable improvement shown In the April earnings statement in course of publica tion. Pennsylvania' net operating income of $4,671,000 against a deficit of $8,887,000 in April, 3920; Baltimore & Ohio's $2,337. 000 not os compared with $80,000 and Union Pacific's $8,384,000 against $1,837. 000 ar. fairly typical of the general show ing. Following President Harding's expression of the hope, in his speech of Monday, that "In a reasonable period we may change the form'" of the foreign govern ment war obligations held by our treasury and "distribute them among all the peo ple." tho Intimation comos from Wash ington that the treasury means at some future time to make an effort at such disposal of them. The idea is itself not new. rian Simplified. The belief has been lomewhat general that sals to the publlo of our treasury's holdings of foreign government obligations would be the eventual solution of a very difficult international problem. But that belief has been expressed in relation only to the longer future. Such an operation could hardly be un dertaken until after very great change in the investment market and In the cost of capital. The treasury's auggesttort of today seems to taito it for granted that these foreign bonds, when offered to the public would hear the United State gov ernment guarantee. That would .ome what simplify the problem of placing with Investors, any or all of the $9,700. 000,000 obligations now in th. treasury s hands, of which $8,000,000,000 are on ac count of England, France and Italy. New York Sugar. - v ,..., Q X-n tl VMS TP - ported in thVlocal market for raw sugar today, ine iudhr coinmiiwo ioii' to be offering mor. freely, owing to pros- . - - ....... I....... In th. feriff and sales of Cubes in port were reported . ,nA.,Aina. Rl AOO hna IO OUtpori iLiur;is, uii.iuu,iia v-m,vv now at Philadelphia and 20,300 at New Orleans at prices equivalent to 4.S9o for centrifugal, duty paid. Local refiners, . . . 1 .Wa An Mtl.. TMV VlQ In IJOWBVCI, IfCl IUOI ..uv.n .. j ... effect before' sugar hought for ahlpment , 1 1 ... n . .1 R Atfn fcaa.d COUln arrive iieio aim Mm" centrifugal for 2.460 bags of San Domin- goes and Brazilian out 01 siore. Turpentine and Rosin. Rivmnih n. Mav 23. Turnentine Firm; 67e58c; tales. 321 bbls. ; receipts. 326 bbls.; shipments, bbls.; stock, 8,455 bbl. . . Rosin Firm: sales, 1,164 casks: receipts. 700 casks: ehipments, 863 casks; atoek 13 4q8 casks Quote: B.'$3.60; D. $3.75: E, F, O. $4.00; vr 110- I 94 90: K. 84.75: M. 85.50: N. $6.00; WO, $6.76: WW, $7.25. Chicago Produce. Chicago,, May 26. Butter Higher; creamery extras, 27c: .firsts.- 22 26c; seconds, 7fi21c; standard., 17c. Eggs Unchanged; receipts, 24.633 rases. Live Poultry Higher; fowls, 21c; broil ers, 4046c. Kansas City Produce. Kansa. City, May 26. Butter and Egg. Unchanged. Poultry Hens, lc lower, 19c; broilers, Jo higher. 27$37e. Bar Silver. New Tork, May 26. Bar Silver, do mestic, 99c; foreign, 68c; Mexican dol lar. 44c. ' Attention ! Smashing Sale of Tires at Philip 's B ig Store Friday and Saturday More and more car owners are equipping their cars with Cord Tires, as the real solution of tire problems. Their experience has proved a most important advantage from the use of these Cord Tires economy in greater tire mileage and in creased tire resiliency, hence an easier riding car. Ford Owners These Ford Cord Tires offer the same price of tire equipment for. yoa that the owners of larger cars have. Guaranteed to be of the best workmanship and to give quality and service. .. . Non-Skid Crown (J Tires, 30x3 ,, These inner tubes will prove a revelation to you in satisfactory service. Their use insures quality, and is responsible for their splendid durability. These tubes are made of tough, long-lived rubber materials combined with excellent workmanship. They are the quality you expect to find in any high grade tube and are sold at prices which make them a most attractive purchase to the user who prefers the best. Tubes, 24th and OStt. Alc for J Green r'i!iiiipiiiiiH 1" 1 New York Quotations J Range of price, of the leading stocks furnished by Logan Bryan, Teters Trust building: RAILS A.. T. H. T. ... 81 81 1; 81 808. Baltimore & Ohio. 41 39 41 39 Canadian Paolflc .115 114 115 11484 N. Y. Central.... 89 s 89 68 Ches. A Ohio.... 68 6814 68 67 Erie R. R 18 14 14 1.1 Ot. Northern, pfd.. 68 14 67 67 66 Chi. Gt. Western.. 5 S 8 7 Illinois Central 0 Mo Kan. & Tex.. 2 54 - 5 Kan. City South.. 27 27 27 27 Missouri raclflc .. 22 21 21 21 N. T., N. H. H.. 19 19 19 11 Nor. Pacific Ry.. 72 70 71 69 Ohl N. W 66 664 66 65 Penn. R. R 34 J4 84 34 Reading Co 72 71 72 7t c. R. 1. P.... st i 38 a:i South, raclflc Co. 76 76 768 75 Southern R. R... 21 20 21 20 Chi.. Mil. St. P.. 29 28 28 28 Union Pacific ...120 119 120 119 Wabash 1 STRKL.9 Am. Car & Fdry.128 13J 128 121 Allis-Chalm. Mfg. 83 33 38 32 Am. LOCO. CO.... 88 84 84 4 Baldwin Loco. Wk 88 79 82 79 Beth Steel Corp.. 68 87 67 67 Colo Fuel. Iron Co 30 30 SO 2S Crucible Steel Co.. 71 70 70 69 Am Steel Fdrya... 29 29 29 29 Trfickawanna Steel. 48 47 47 47 Mldvale Steel, Ord 27 37 27 27. Pressed Steel Car. 83 88 82 i0 Rep Iron, Steel Co 67 55 66 66 Rv Steel Spring... 95 84 S6 84 flloas-Shef Stl, Iron 39 39 39 39 United States Steel 83 82 824 82 COPPERS. Anaconda Cop Min 4174 41 41 41 U Am Smlt. Rfg Co 43 43 43 43 Butte, Sup Min Co 13 13 "i 18 Chile Copper Co.. 12 11 12 II". Chino Copper Co. 26 25 25 24 Calumet Arizona 60 1, Inspira. Cons Cop 35 Kennecntt Copper. 21 20 20 30', Miami Copper Co.. , ..... 22 Nev Cons Cop Co. 12 12 12 11 Ray Cons Cop Co 14 14 14 14 Utah Copper Co... 56 65 56 54 INDUSTRIALS. Am Beet Sug Co.. 37 37 37 37 Atl. O & W I S S 39 . 38 38 38 Am Internat Corp 47 46 45 46 Am Sum Tob Co.. 65 62 62 64 Paolflc Oil 36 36 38 36 Am. Cot. Oil Co. . 19 19 19 19 Am, T. & T 104 104 104 104 Am. Can Co 31 28 30 28 Chandler Mot. Car 64 62 63 62 Cen. Lea. Co 37 37 87 36 Cuba -. Sug. Co. . 17 17 17 17 Cal. Pkg. Corp 69 Cal. Pt. Corp. .. 44 44 44J, 43 Corn Prod. R. Co. 69 68 694 68 Nat. E. & P 61 61 61 51 Flak Rub. Co. ... 14 14 14 14 Gen. Elec. Co 136 134 135 133 Oae. W. ft W 1 Qen. M. CO 11 10 11 11 Goodrich Co 37 35 36 36 Am. H. A L. Co. . 12 12 12 11 H. Brkr. Car ,. 55 U. 8. Ind. Al. Co 67 Internat. Nickel .. 15 16 15 16 Inter. Paper Co. . 68 67 67 67 A.iax Rub. Co. ... 30 2 29 30 Kel.-S. Tire 4S 41 42 42 Key. Tire & Rub. . 14 14 14 14 Maxwell Motor Co 4 Mex. Petroleum 152 149 150 149 Middle States Oil. 13 12 13 18 Pure Oil Co 32 32 32 32 Willys-Overland Co 8 8 , 8 8 Pan-Am Pet. Tran 67 66 66 65 Pierce-Arrow Mot. 35 23 23 24 Royal Dutch Co... 61 601, o 63 Tj S Rubber Co 70 67 67 70 Am Sug Rfg Co... 89 87 88 89 Sinclair Oil A Rfg 25 24 24 23 Sears-Roebuck Qo. 78 77 77 77 Str'msb'rg Carb Co 36 36 36 36 Studebaker Corp.. 75 72 72 71 Tnh Prnriuctn fn 67V 54- 56 5fij Trans-tont'tal Oil. 9 9 9 9 Texas Co 374 s s?'4 :i U S Food Pr Corp 20 19 20 19 U S Em, Rfg, Min 33 White Motor Co.. 38 38 38 38 Wilson Co., Inc 40 W'est'gh'se Alrb'rke 93 West'gh'se El, Mff 46 45 46 46 Am. Woolen Co... 74 73 73 73 Total ahare. sold, 604.900. Money Close. 7 per cent; Wednes day's close. 7 per cent. Marks Wednesday's close, .0166. Sterling Close, 13.93; Wednesday' close, $3.97. New lofk Corn Stock. The following quotation are furnished by Logan & Bryan: Allied on Boaton Montana Boston Wyoming , Cresson Gold Cosden Oil Consolidated Copper Elk Basin Federal Oil Qlenrock Oil Merrlt Oil Midwest Refining Co Sliver King of Arizona. Sapulpa Oil Slmm Petroleum V. 8 Stesmshlp IT. S. Retail Candy White Oil Hud. & Man. Ref. 6s .... .... 7?,0 7 t-16 .... 7 8 .... 16i8 15 .... 67 67 Liberty Bond Price. New Tork, May 26. Liberty bonda at noon: 3s. 87.92; first 4 s, 87.10 bid; second 4s, 96.94 bid; first 4. 87.62; second 4. 87.08: third 4s. 90.60; fourth 4s, 87.28; Victory 3a, S7.88; Victory 4. (7.86. Liberty bond, close dt 3, 18.00; first 4s, 87.10 bid; second 4. 87.02; first 4. 87.60; econd 4s. 87.16; third 4s, 90.61; fourth 4., 87.22; Victory Zt. 17.98; Viotory 4s, 97.12. London Metals. London, May 26. Standard Copper 74, 12s, 6d: electrolytic, 76: tin. 180, 17s, 6d; lead, 23,- 12s, 6d; line, 28. Car Owners 4 9 Inner Tubes 5 69 60 16-16 14 13-16 6 7 1I 1 7f 7 lf 1 1 1 10 143 145 10 20 4 9 4 Best Quality Crown Inner 30x3 ,. : Trading Stamps Thy Ar Given Omaha Grain Omaha, May 26. Cash wheat prices tumbled today with Chicago futures, the cash ar ticle being off about 9 cents. Of ferings were liberal and were mar keted readily at the going figures. Corn was off 1 to 2 cents. Receipts of this cereal were also substantial. Oats were a cent; lower and rye and barley unchanged. WHEAT. No. 1 hard. 2 cars, 81.51: 8 cars. $1.60; S- car, $1.60; 3-5 car, $1.50; 3-6 car, $1.60. No. 1 hard, 1 car, $1.49: 6 cara. $1.43; 1 car, $1.47; 1 car, $1.47 (smutty.) No. 3 hard, 1 cara. $1.47. tdark smutty) 6 cars, $1.47: 1 csr, $1.45 tsmutty); 1 car. $1.38, tsmutty); 1 car, $1.38, (very "no."' 'hard, 1 car. $1.46; 3 5 car. $1,45; 1 car, $1.45, (smutty); 1 2-5 cars, $1.42, (smutty, i No. 5 hard. 2-6 car. $1.46: 1 car. $1.41. Sample hard, 8-5 car, $1.28. (smutty. 507 pounds); 1 car, $1.26 (6 per cent heat damaged.) .... No. 2 sprinfr. J-S car, $1.50, tdark north ern; No. 2 mixed, 2-6 car, $1.46, (dar northern.) Sample mixed, 1 car. $1.10. No. 2 sample mixed, 1 car, $1.30, (smutty.) . Sample mixed. 1 car, $1.24, (spring and durum.) CORN. 1 car, 65c; 1 car, 65c; No. 1. white, cars. 55c. No. 2 white, No. 3 white, 6 cars, 65c 1 car, Sic. 7 cars, 64c. No. 1 yellow. 10 cars, 64c; 1 car, 63c. No. 2 yellow, 1 car, 64c; 11 cara. 53 c. No. 3 yellow, 1 car, 63 c; 1 car, 63c; 3 cars, 52 c; 1 car, 62c. No. 6 yellow. 1 car, 60c (musty.) Sample yellow, 1 car, 47c; 1 car, 45c. No. 3 mixed, 1 car, 61c. NO. 3 mixed, 2 cars, 60c. No. 4 mixed, 1 car. 49c. No. 6. mixed. 2 cars, 47c (musty.) Sample mixed, 1 car, 45c; 2 cars, 4oC, (heating.) OATS. No. 2 white, 9 cars, 37c. No. 3 white. 8 cars, 37c. No. 4 white, 3 3-5 cars, 36 0. RYE. No. 2, 1 2-6 cars. $1.41. No. 3, 3 cars, $1.40. No. 4, 1 csr, $1.40. BARLEY. No. 4. 2-5 car, 62c. No. 1. feed. 1 car. 52c. CHICAGO CAR LOT RECEIPTS Week Tear Today Aro Ago Wheat 41 13 n Corn 323 S9 ii Oats 102 69 63 KANSAS CITY CAR LOT KNCisins Week Year Today Ago Ago Wheat 189 191 13.. Corn 19 19 23 Oats " 12 ST. LOUIS CAR LOT RECEIPTS. Week Year Today 'Afro Ago Wheat 72 96 45 Corn 93 .14 68 Oats 46 49 59 NORTHWESTERN CAR LOT RECEIPTS OF WHEAT. Week Tear Today Ago Ago Minneapolis 142 153 L:5 Duluth 44 -t Winnipeg 182 106 12 PRIMARY RECEIPTS AND SHIPMENTS Receipts Today Year Aro Wheat Corn Oats 837,000 913,000 591,000 711,000 633,080 831, TOO Shipments- Wheat Corn . .. 825.000 839,000 265,000 427,000 Today .381,000 . .399,000 . 725,000 , 415.000 EXPORT CLEARANCES. Oats Wheat Corn OMAHA RECEIPTS AND SHIPMENTS. 104 62 18 84 23. 30 19 4 6 , 1 1 1 1 0 0 Corn Oats Rye Barley Shipments- Todav Wk. Ago Tr. Ago. 60 63 70 . 56 42 49 5 6 32 0 3 0 0 2 1 Wheat , Corn Oats Rye Barley New York Produce. New York.' May 26. Butter Baiely ateady; receipta, 12,936 firkin; creamery, higher than extra. 2930s; creamery extras. 29c; firsts. 2528c. Eggs Firm: fresh gathered extra firsts, 2627c: firsts, 2426 Cheese Unchanged; steady. Live Poultry Easier; broilers. 355Sc; dressed poultry, quiet; price unchanged. Manawa Park OPENS SATURDAY L JEW MAimSlI $1.98 South Omaha With Each Purchase. Bonds and Notes The following quotation furnlahed by the Omaha Trust Co.: Aproi. Price.Ileld, American T. A T. Co. 6. 1922.. 97 8 08 American T. A T. Co. 6s, 1924.. 95 7.66 Auaconda 7s. 1929 , 93 6.08 Armour 7s, 1930 96 7.78 Belglsn Govt. 8s. 1141 88 8.20 Prlglan Govt. 7. 1045 8 7.46 Bethlehem 8teel 7. 1923 97 8.20 British 6'i. 19?2 7 7 10 British 6s, 1929 91 6 90 British 6i5. 1937 85 7.06 C C. C. A St. L. Is. 1929 17 8 15 Denmark 8s. 1946 8.10 French Government 6a, 1945... 99 8 06 B. r. Goodrich 7a, 1925 0 9 90 Japanese Govt. 1st 4. 1926.. 84 9.16 Japanese Govt. 4s, 1931 68 8.76 Norway 8s, 1840 100 7.95 Northwestern B. T. Co. 7s. 1941 6 7.11 X. Y. Central 7. 19.10 160 7.00 Pennsylvania R. R. Co. 7. 1930 103 6 80 Southwestern B. T. Co. 7s, 1925 96 8 06 Swift A Co. 7s. 1925 96 8.27 Swlsa Govt. Is. 1940 108 7 i0 U. 8. Rubber 7. 1980 99 i 0 Westlnghouse Elec. Is, 1931... 99 7.06 Foreign Exchange Bate. Following ar today' rate of exchange as compared with the par valuation. Furnished by ths Peters National bank: Par Val. Today Austria 30 .0027 Belgium 195 .0850 Czechoslovakia Denmark -J,00 EtiBland France 13 .050 Gmany ..::::::::::... . ' Greece 1 -.S?. Italy 1" -"5 .Tugo-Slavi no? Norway 27 -'ifj poinnd ; Sweden -3' Switzerland .! : Canada 1 "0 -8976 Chicago Stock. The following quotation i re furn ny .ugaii bijii". Armour A Co., pfd Armour Leather Co.. com. . . . Armour Leather Co.. pfd. .. Commonwealth Ediaon Co, . . Cudahy Packing Co., common Continental Motors Hartman Corp., common .... Llbby, McNeil A. Llhby ..... Montgomery Ward Co National Leather Reo Motor Car Co. Swift A Co , Swift International Union Carbide A Carbon Co. New Tork Dry Goods. ii.u 9a Cotton ffoods mar kets were firm today, with a fair under tone. Knit gooas raiinni m'"--wlth a wide interest for allk hosiery. Row silks of lower grades advanced. Burlaps were quiet on low price basis. New York Dried Fruit. New York, May 26. Apples Evapor ated, market nominal. Prune and Apricots Firmer. Peaohes Firm. Ralalns Steady. ished 88 684 12 .... 83 0 .... 109 .... 81 f .... 6 .... 75 (t .... 8 .... 20 0 7 .... 17 .... 97 24 .... 48 Yield French Government 7H, 1941 .......... .8.00 E. I. Du Pont 7Ji, 1931........ 7.50 C. ft N. W. Equip. 6; 1925-36. .6.50 to 6.35 Crete, Neb., Pairing 6. 1941. . . . ., .v. .-. . .6.00 Buiws;Briirt&'Oompany KUenratuieH OMAHA. NEBR. I Arlnvatma BANK STATEMENT. Charter No. 1173 REPORT OF THE THE STATE BANK OF OMAHA IN THE STATE OF NEBRASKA AT THE CLOSE OF BUSINESS MAY SS., 19!1. , RESOURCES Loans and dicounts : Overdraft Bonds, securities, judgment, claims, etc., including all government bonds.... Banking bouse, furniture and fixture Other real etate '' Current expenses, taxes and interest paid Due from NaHonal and State banks... I Check and items oi exchange Currency Cold ooin ........... Total .V LIABILITIES Capital stock paid in i Surplus fund Undivided profit Tl..iAAm MnmaM ... - . . .... 1IT1U.IIU. Mi.pmu Individual deposits lubject to check..... Demand certificate of deposit Time certificate of depoit Certified check Cashier' check outstanding- Due to National and State banks .' Total deposit , Depositor's guaranty fund Total State of Nebraska, County of Douglas . I, J. H. Donnelly, cashier of th above named bank, do hereby swear that tha above statement is a correct and true copy of th report mad to the State Bureau 01 nkin- J. H. DONNELLY, Cashier. Attet ALBERT L. SCHANTZ, Director. DAN W. GAINES, Director. Subscribed and twora to befor me thi t6th day of May,' 1921. (SEAL) MARIE M. MARR. Notary Public The Updike Grain Company Operating Urge, up-to-date Terminal Elevator in, tha Omaha, and Milwaukee markets, are ia a position 'to handle your hip mentt in tho bett potiible manner i. e., cleaning, transferring, storing, etc. MEMBERS Chicago Board of Trade Milwaukee Chamber of Com merce Minneapolis Chamber of Commerce OFFICES AT OMAHA, NEB. LINCOLN, NEB. HASTINGS, NEB. CHICAGO. ILL. SIOUX CITY, IA. KANSAS CITY, MO. All of thes office, except Kansas City, ar ";. t connected with each ether by private wire. ' ' It will pay yon to get in touch with one of our office ' !. when wanting to BUY or SELL any hind of grain. Wo Solicit Your CONSIGNMENTS OF ALL KINDS OF GRAIN ' to Omaha, Chicago, Milwauk, Kama City and Sioux City Every Car Receive Careful Pertonal Attention. The Updike Grain Company Th Reliable Conaignmtnt House South Side Graves of Soldiers To Be Decorated on Saturday Afternoon Phi! Kearney Post No. 2, G. A. r all old soldiers, Woman's Relief Corps, Ladies of the Grand Army, Sons of Veterans, .Daughters oi Veterans, Spanish War Veterans and World War Veterans of the South Side aie requested to rhect Saturday afternoon at 2 at the home of J. W. Cress, 4427 South Twenty-third street, where automobiles will be furnished to visit the graves of all dead soldiers, and flowers will also be furnished to decorate the graves. Phil Kearney Post and Phil Kear ney Woman's Relief Corps will hold ritual service at the grave of F. J. Etter in Graceland Tark cemetery. Sunday morning at 11:30 all mem bers of the veterans' associatioss and the woman's organizations are re quested to meet at the home ni Mr. Cress and march in a bodv to Trinity Baptist church, where Rev. C. F. Holler will preach a Memorial Da; sermon. Former South Side Druggist Dies at Home in Los Angeles Howard Meyers, 57. former South Side druggist, died Wednesday at his home in Los Angeles, Cal., ac cording to word received Thursday by friends in Omaha. He lived on the South Side for more than 25 years and operated pharmacies at Twenty-sixth and N streets and Twenty-fourth and J streets at differ ent times. He moved west 10 years ago. He is survived by his wife and one daughter. South Side Brevities NOTICE, AUCTION PALE HELD FRIDAY. WAY 27, AT 1 P. M. 2610 N STREET, SOUTH SIDE. Furniture, rugs, household goods, largs tock of mllilntry, etc Complete item ized list sdvertlsed under furniture col umn in classified sectlop of thi paper. It will pav you to attend this sale. ROBERT ORUBB, AUCTIONEER. Investment Suggestions CONDITION OF ! $8 689,112.95 42.84 BlO.708.88 80,000 00 10.000.00 ,7(1.80 SH.m.lT CS.03S.8 6.ft0S.2 468.291.JS 4,8S,91.S J00, 000.00 100.000.00 15,557.62 140.00 ... $2,454,429. 6 1,028.04 ... 899,40S,.SS ... 12.979.ilR 68,242.70 ... 463,586.55 8,908,669.65 41,549.66 4,83,916. St. Louie Merchant Ex chant Kan City Board of Trad Sioux City Board of Tract Omaha Grain Exchang HOLDREGE, NEB. GENEVA, NEB. DES MOINES, IA. MILWAUKEE, WIS. HAMBURG, I A. i