14 A'
THE BEE: OMAHA, SUNDAY, MAY 29, 192f.
Rebuilding of
France Expected
At an Early Dav
i Commerce High has announced that
lnn,n f V.t.nna' t100.!!he C.ll0C)l . 0fferi"? X monthl'
i,iii.imv ...
000,000 Bond Issue by U.
S. Firm Shows Confi
dence Held by America.
By HOLLAND.
When Dwight Whitney Morrow,
a partner in the house of J. P. Mor
gan & Co., spoke to members of a
business association a few days ago,
he confined himself chiefly to a re
port of conditions in France. These
seemed to him to justify faith in the
complete rebuilding of France at an
early day and also admiration for the
manner in which the French govern
ment and people have been able to
begin and carry on recovery from
the elfccts of the war. He referred
to the ability of the French people
to pay what at the time was regarded
as a too heavy indemnity exacted by
Prince Bismarck as the penalty
France must pay for the Franco
Prussian war. Yet the penalty was
paid within a few years and the
retroactive effect of that payment
was beneficial to France and for a
"Mime harmful to Germany.
Mr. Morrow must have known.
when he spoke that one of the part
ners of the firm of J. P. Morgan &
Co., Thomas V. Laniont. had per
fected negotiations with the French
government for the placing in the
United Slates of French republic
bonds of the face value of $100,000,
000. The bonds are to bear 7'i
per cent interest, arc payable in gold
and will run for 20 years.
Banks Fret Justified.
It i reasonable to Infer that Mr. Mor
row's remarks were made with the pur
jose of preparing for the public announce
ment that the negotiations were complet
ed and that an underwriting syndicate
organized by J. T. Morgan & Co. would
elfor them for sale. These negotiations
rould not have been eonypleted and there
fore this Issue cf 100. 000. 1)00 could not
have been underwritten, were the Ameri
can bankers not satisfied that France was
iully Justified by her financial and Indus
trial conditions In making the loan. Pre
sumably 'moral support or acquiescence by
the government at Washington was se
cured, although there was no public an
nouncement of such action.
This latest large piece of financing Is
highly suggestive from several points of
vluvr. It is spoken of as gratifying that
so soon after the success In handling the
$:31. 000.000 offering Jointly by the Great I
Northern and Northern 1'aclflc railroads.
ths American bankers shuld be In a po-
IM11MII ill icri juouuvu ... .........
this French Issue,
Ijist of I-oans.
So also reference Is made to the fact
that this is the last of the foreign loans
Trance exuects to make. Hereafter that
republic will rely upon Its own Internal
resources. If she Is able to do this within
three years after the close of the war, she
Is sure to match; her now traditional
success in paying the heavy indemnity
exacted by Germany within three years
after the, close of the Franco-Prussian war.
This can mean only one thing, and that Is
that France is to recover perhaps more
' speedily than any of our allies, excepting
possibly Belgium. This tends to confirm
n statement by Secretary cf Commerce
Hoover, who hat said that he looks for
a stabilising of world conditions within
the next two years. Franco may lead, loe
' way In this stabilisation. .
Natlon-YVIde Syndicate.
3. P. Morgan certainly perfected one of
the ablest and the most Influential of
American banking syndicates when hs
completed the organisation of the under
writing syndicate which is to handle this
m.u. in.. irni thin syndicate la not
local. It resembles the earlier nation
wide syndicates, which Mr. Morgan or
. vantsed, which In co-operation secured
$100,000,000 In gold and then within a
few days anotner iuu,uuu,uuu which ch
sufficient to relieve the dangerous em
barrassments which . prevailed In the
Vnlted States for several weeks after the
beginning of the European war: It also
resembles the nation-wide syndicate which
underwrote the Joint loan of $500,000,000
made in 1S15 by Great Britain and France.
It is the United States as a whole which
Is enabling France successfully to place
this loan and it Is not New York. Chicago.
Boston and one or two large financial
centers alone which are doing this.
Foreign Loans.
It was by a chance coincidence that a
statement made by President Harding In
one of the addresses which he delivered lis
this city on hi recent Visit should have
, been made at the very time wnen tne an
nouncement was published that an Ameri
can banking syndicate had underwritten
$100,000,000 of the French republic gold
bonds. ' The president Intimated that it
Is the expectation of the administration
. that the war loans which were made by
the United States to our allies, approxl-
m.l.lu 1 1 A Aftft AAA Ann nr fnflurilnv tntjr.
rat. nearly $11,000,000,000, will be so
handled as to change the present evidence
of that Indebtedness, which Is demand
note. Into long time bonds. President
Harding Intimates that when this is done
the country may reasonably expect that
the effect will be to aid In reducing our
taxes. .
There appears to have been some -mis-
president's statement. Evidently he had
In mind the ultimate absorption by the
people of the long time bonds into which
the demand notes will be converted. It
may be yean before the publio absorbs
these bonds. But If they are held In
oa treasury In plsce of the demand notes
avj win rejirwiH a mruiifr asset avail
able as soon as the Investing public la
ready to absorb them. These bonds will
he yielding a large amount of Interest
each year and the administration at
Washington has no doubt that the Inter
est will be promptly paid. The aggre
gat of this yearly Interest is so large
that It may serve by and by as an offset
for some part of our taxes.
B. P. 0. D. to Hold Memorial
. Services at Forest Lawn
; The grand lodge of the Benevolent
and Protective Order of Does will
hold Memorial ritualistic services at
Elks Rest in Forest Lawn cemetery
at 11 a. m. tomorrow. Following is
the program:
.Invocation ......... .Rev. C. Edwin Brown
National Hymn "America."
"Tho Hour of 11" . Willie Q. Sears
"Tho Vacant Chair" .. John A. McCreary
"Tour Flag ami Mine' Miss Eunice Nelson
Floral Decoration
Ladles' Memorial Committee
Address Rev. John F. Poucher
Hymn ....... ."Nearer My God to Thee"
Benediction Rev. Carl M. Worden
- Alt members of the B. P. O. D.
are to meet promptly at 10 a. m. at
the Elks lodge rooms and adjourn
to Forest Lawn cemetery.
1
Creighton Student Jailed
' Showing Symptoms of Insanity
A man believed to be Jerome
Deeney, a Creighton college student,
was arrested yesterday and taken to
count jail when he gave symptoms
of temporary insanity. In the county
jail he raved, but refused to give
. any information about himself. His
aberration seemed to take the form
of religious mania. On Creighton
college records Deeney is listed as
living at 502 North Twenty-eighth
street His home is in Perry, la.
Suit Started in County
Court on Worthless Bonds
.. Suit on 18 bonds, given by persons
who appealed their cases from police
to district court and then forfeited
bail, which later proved to be worth
less, was started in county court Sat-
tirtav Kw T T Vfrfiuire caifl thm
defendants who forfeited these
worthless bonds will be rearrested.
How York Driest VtwMn.
JUw Tor. May IS. Apples Evapor
ated, market nominal.
Prsnes and Apricots Boron,
Peaches Quiet. 1st
RaiataaSltaaV
Commerce School to
Give Business Course
For High Graduates
Frincipal Dwight E. Porter of
I intensive stenographic and secre-
. tarial course to graduates of all
Omaha High schools.
The purpose of this course is to
prepare high school graduates for
immediate ofhee work and to give
those who intend to attend college a
beneficial course in typewriting and
shorthand.
This course will open June 27 at
the High School of Commerce and
will close December 9. The. sub
jects offered will include: Business
writing, business correspondence,
stenography, typewriting, secretarial
accounts and office training.
Principal J. G. Masters of Central
High school is much in favor of this
course and has urged graduates, to
take advantage of this work. Ap
proximately JO. Central graduates
will take the course.
Inspection of
Boilers Taken Up
Union Representatives Confer
With Zimman and Tech
nical Men.
Representatives of the boiler
makers', stationary engineers' and
hoisting engineers' unions conferred
Saturday afternoon with City Com
missioner H. P. Zimman, W. R. Mc
Keen and K. A. Mount, with respect
to prospective appointments in the
boiler inspection division of the city
building inspection department.
McKeen and Mount, technical men,
volunteered to serve with Commis
sioner Zimman in hearing the state
ments of the union men. The con
clusion of the deliberations was that
the appointees should be men of
practical experience with boilers.
Applicants for the positions will be
tequired to pass such examinations
as may be prescribed by Commis
sioner Zimman and McKcen and
Mount.
The present incumbents in the
boiler inspection department are E.
VV.. ritt, $.210 a month; James
Murphy, $200 a month, and John B
pry $200 a month. They are listed
in the payroll as "mechanical engi
neers of the city building depart
ment.
Commissioner' Zimman asserted
there are various applicants for these
positions. He states that there will
be no changes in the positions held
by R. E. Edgecomb, chief engineer
of the building department, and Fred
Hoye, building inspector,
Krug Park Starts
Swimming Pool Today
The mammoth Krug park $300,000
swimming pool opens today. Water
was turned into the pool Wednes
-day night and every drop of the
1,000,000 gallons of refreshing cool
ness has been filtered and ozonated,
and js as pure as snow water trick'
ling down the side of the Rocky
mountains.
Krug park's ballroom will be open
afternoon and evening with one of
the snappiest dance programs yet
produced. Next Friday night, "Slim"
white will give one of his Rube
Town balls. Nothin but ol' time
tunes played everyone wear their
overalls and ginghams. Big prize
to the best Iadv dancer.
"The "home of picnics." is a by
word for Krug park with the folks
having the picnic fever. Here's a
few of the big picnics already book
ed: Nebraska Funeral Directors' as
sociation, Brandeis Stores picnic and
outing, three classes from St. Brid
gets school of South Omaha, Union
Pacific, big four outing and picnic
will be out in full force three whole
days, Union Outfitting company,
Omaha Retail Grocers' association.
Free movies started Saturday night
and will be given every night here
after. Decoration day plans are
complete for one of . the biggest
throngs that ever packed Krug park.
Carl Lamp's dance orchestra will
give the dancers the greatest run
for their money they have ever had.
The swimming pool will open daily
at 8 a. m. and close at 10 p. m. Sun
day the park attractions and the
park will open at it noon. After
Deromtion day thi park wilt open
daily at 2 p. m., although swimmm;
ttarties can go in any time after 8
in the morning.
Team of Modern Woodmen
Gives Drill Exhibition
The drill team of Camp No. 1095,
Modern Woodmen of America, gave
a splendid exhibition drill Thursday
night in the auditorium of Clifton
Hill school, on the occasion of a
meeting of the Fontcnclle Improve
ment club, which was addressed by
Mayor Dahlman. Other speakers
were City Commissioner Joseph
Koutsky and Father McCune of the
Holy Name church.
The following program was given:
Dancing, Evaline Line; Rhoades
Harmony Four, dancing by Gladys
McGreer, cornet duct ljy.the Davis
brothers, and a vocal solo by Miss
Bess Watson. More than 500 at
tended. Does to Meet on Tuesday
For Election of Officers
The Benevolent Patriotic Order of
Does will m?et Tuesday at the new
Burgess-Nash auditorium on the
fifth floor of the new building, for
the election of officers of the grand
lodge, Mrs. E. C. Stanfield presiding.
Members are requested to be present
promptly at 2 o'clock.'
Omaha Bay Market.
Prairie Hay Receipts somewhat heavier,
prices steady on tho better grades and a
little lower on tho lower grades.
Alfalfa Receipts nominal. Fair de
mand. Prices steady.
Straw No receipts. Little demand.
Prices firm.
Hay No. 1 Upland Prairie. $1J.0 to
$13.00; No. 1 Upland Prairie, t.S0 to
$10.60; No. S Upland Prairie, $7.00 to
$8.00; No. 1 Midland. $11.00 to $12.00: No.
2 Midland. $8.00 to $9.00; No. 3 Mldla'.d.
$11.50 to $7. SO! No. 1 Lowland. S8.50 to
$9,50: No. 2 Lowland. J6.50 to 37.60.
Alfalfa Choice. $31.00 to $23.00: No. 1.
HSflO to 320.00: Standard, 114, W to $17.Su;
No.2. 33.50 to $11.00; No. 3. $7.00 to $S.i;ti.
Straw Oat, $3.00 to $3.00; wheat. 17.59
to $3.00.
New York Produce.
Mow fork, stay $$. Buttsr Steady;
creamery, higher than extras, MViOtOo;
extra. He; firsts, StetSHc.
Eggs Firm: market unchana-ed.
Cheese Steady, market uneipcV
Poultry Live, not quoted;
steady and unchanged.
druMd,
Live Stock
Omaha, May II.
Receipts were Cattle, Hogs. Sheep.
Official Monday..., 6 402 ,47 T,91
Official Tuesday.... 4,704 13.1S! S.0M
Official Wednesday. &.006 17.ST8 1,804
Official Thursday.... 3. 1 St lA.gdS ,43
Official Friday 1,17 7.12i 1.89S
Estimate Saturday.. 45 ,5,6110 100
Six days this week..lt,M3 A3, 641 55,093
Sam days last w'k 5S.67S 63,968 SS.S61
Sams (lays 1 w's a'o 24.SS7 M.103 K7.401
Same days t Ws a'o JD.536 H.177 ii.Ki
Sams days year agn :0.7 71.76S 16.574
Recelpts.and disposition of live stock at
the L'nlon Stock Yards. Omaha. Neb., for
S4 hours ending at S o'clock p. m., May
2, ll!i.
RECEIPTS CARS.
Cattle Hogs Sheep
C. M. St. P
Union Pacific
C, A N. W., east..
t 4 N. W., west.
t, St. P., M. O..
C, R. A Q., east..
C, B. & Q., west. .
L, R. I. & P., east
S3
43
4
Total receipts 1 SI 4
DrSPOSITION-r-HEAT.
Cattle Hogs Sheep
Morris & Co .7. 6S
Swift .Co ,. 1741
Cudahy Packing Co J?5
Armour & Co. SS4 ...
Hchwarts & Co '. 504
.1. W. Murphy 1459
Holding 145
Cudahy, from K. C
510
610
Total
5830
Cattle As usual on a Saturday, cattle
receipts were too light to make a market,
only about 45 head being received. To
tal receipts for the six daya of 19,543
head are 7,000 smaller than last week.
In aplte of tho drop In receipta cattle of
all kinds showed declines early in the
week. Steers later regained the break;
closed about steady with last Fridays
low market, but cows are still selling
:G50c lower than h week ago. Feeders
were :n very light supply all week and
held about steady, though the trade was
dull.
quotations on cattle: Choice to prime
beeves. IS. 36 S. 40: good to choice beeves,
$7.3563.25: fair to good beeves, $7.40?
7.75: common to fair beeves, $6, 75ft". "5;
choice to prime yearlings. . IS. 5568. 60;
good to choice yearlings, $7.758.15: fair
to good yearlings, $7. 2607. 75; common
to fair yearlings, $6.607.56; choice to
prime heifers, $7.007."6; good to choice
hoiferg, $5.5O7.00; choice to prime
rows. $0.006.50; good to Choice cows,
$5.506.00; fair to good cows. $4.766.60;
common to fair cows. $2. 00 4.00; good to
choice feeders. $7.2507.75; fair to good
feeders, $6.60 7.25; common to fair feed
ers, $15.006.60: good to choice stockers,
$7.25 7.76; fair- to good steers, $6,600
7.56; common to fair stockers, $6.00
6.25; stock heifers, $4.60tD.O0; stock
cows, $3.500 4.75; stock calves, $5.00
7.50; veal calves, 35.009.00; bulls, stags,
etc., $4.0003.00.
Hogs The week 11 closing with a fair
Saturday run of hogs, about 5,600 head
showing up. Trade this morning was
rather uneven, none too active, but aver
age prices wore not far from steady. Light
hogs sold In most cases at prices 1015c
lower and mixed packing grades, as well
as heavies, ruled steady to strong. A
good clearance was made, with best light
hogs making a top of $7.65 and bulk of
the receipts selling from $6.907.95.
Compared with a week ago average hog
trade at this market shows a decline of
about 95c. Trend to values has been
steadily downward. Top hogs sold a week
ago at $8.50, with bulk at $7.30j8.30.
Sheep A few hundred lambs, con
signed direct to a packer, arrived today
but nothing was shown on the open mar
ket and prices were nominally steady.
Compared with a week ago, all classes
of sheep show declines, and the
break has been especially severe on aged
classes. Spring lambs, now selling up to
$12.00. are about 76c lower for the week,
fed shorn lambs at $10.001130 are
about a quarter off. and fat sheep are
about $2.60Q3.00 under a week ago.
Good shorn ewes have dropped to $4.00
and less, and culls are sellllng on down
the list to a cent a pound.
Quotations on Sheep and Lambs Spring
lambs, $l.60fi)12.00; shorn lambs, $9.50$
11.30; shorn ewes, $3.2504.00; cull ewes,
$1.0063.00.
Chicago Live Stock.
Chicago, May 28. (U. S. Bureau of
Markets.) Cattle Receipts, 600 head;
compared with week ago, beef steers,
generally 60o lower; butcher she stock
and calves. 76a to $1.00 lower; eanners
and cutters. 60c to 75a lower; bulk. $1.00
lower, stockers and feeders, 2io to 60c
lower.
Hogs Receipts. 3,009 head; fairly ac
tive, strong to 10b higher; mostly lOo
higher than yesterday's average; holdover,
light: top, $7.90; bulk, $7.5007.80; pigs,
10c to 15o loner; bulk, desirable pigs,
$7.40 7.65.
Sheep and Lambs Receipts. 7.000 head;
receipts today mostly packers direct:
compared with week ago aged lambs and
yearlings I0e to $1.25 lower; spring lambs,
$1.75 to $2.50 lower; sheep, $2.003.00
lower. , -
Kansas City Live Stock.
Kansas City. May 28. (U. S. Bureau
of Markets.) Cattle Receipts, 400 head;
for week: Beef steers, top, she stock,
stockers and feeders, mostly 25c to 60c
lower; extremes, 76c lower; eanners and
calves, steady; bulls, 6076c lower: stock
cows, 26c lower; stock calves. weak.
Hogs Receipts. 250 head: market
steady to 10c higher than yesterday's
average; two loads, 190 to 210 pounds
average to packers, $7.60;. only load on
sale, big' $7.60. '
Sheep and Lambs Receipts. 4.000 head:
no trading today; sheep for week, 26
60c lower; best shorn and spring lambs,
60c 9 $1.00 lower: others off more.
St. Joseph Live Stock.
Rt .Tnsnnh. Mo.. May 28. Cattle Re
ceipts. 100 ' head Amarket, nominal; steers,
6075o lower; Tows and heifers, 60c
$1.00 lower for the week; steers, $6.60
8.26; cows and heifers, $6.008.25; calves,
$5.007.00.
Hogs Receipts, 3.000 head; top, $7.50;
bulk of sales, $7.007.60. -
Sheep and Lambs Receipts. 800 head:
market nominal; spring lambs. $11.00
11.60; clipped lambs, $9.5010.00; ewes,
$3.60 4.25. . .
Sioux Cltr live Stock.
Slnm Cltv. Mar 28. Cattle Receipts.
350 head; fed steers and yearlings, $6.00
8.60; market, 2650c lower for the
week; fat cows and helfera, $4.5097.75;
eanners. 1.50(4.oo; veais, , ss.uunfso;
calves. ia.00i7.00: leeaing cows ana
heifers, I3.6O06.6O; stockers, $5.007.23.
Hotrs Receipts, 3,000 neaa; mantei
steady to strong; light. $7.25f7.65;
mixed. I7.30B7.60: neavy, e.ouji.av,
bulk, $7.007.35.
Sheep ana l.ambs no marKet.
Foreign Exchange Kales. . y
Vniinwinv are todav'a rates of exchange
as compared with the par valuation. Fur
nished by the Peters National bank
par valuation - w
Austria SO .M
Belgium 19S .08"
Caecho-Slovakia. .
Denmark $7 .1790
England .
France '. 193 -OJf J
Germany .283 .0161
Greece -..is-, "'
Italy 196
Jugo Slavia .J
Norway '
Poland "
Sweden ; 2?, -J"
Switzerland 198 .17M
Canada 100 -0
New York Money.
" New York. March 38. Prime Mercantile
Paper per cent.
Exchange firm.
Sterling Demand, $3.89 tt; cables.
Francs uemana. s.ic: wpi,-b..
Belgian Francs Demand. l.3Sc; cables,
8.35c. - . . n ....
Guilders Demand. 34.73c; csdibs. .io.
Lire Demand. 7.26c: cables, .28e.
Marks Demand, 1.60c; . cables, 1.61c.
Greece Demand. S.72o.
Sweden Demand. 23.08c.
Norway Demand, 15.30c.
Argentine Demand, 83.00c.
Braxlllan Demand, 13.37c.
Montreal 11 per. cent discount.
New York Dry Good.
v Ynrir. M.v 11 Wholesale dry
goods markets were generally closed today,
traders getting an early start on the extra
vacation Monday. Hesitation on Import
ing engagements became general because
nf tho uncertainty retarding values that
would be Imposed on Incoming merchandise
under the new tariff law.
Turpentine and Rosin.
Savannah, Oa., May 28. Turpentine-
Market firm. 66H 57c: sales. 261 Dar
rela: receipts, 437 barrels: shipments. 496
barrels; stock, 8,897 barrels.
Rosin Market firm: Bales. S casks;
receipts, 1.619 casks; shipments, (14 casks;
stock. 76. 60 casks.
Quote: B. J3. 6013. ID; v. 3 no; n. j ib
3.90: F. $3.8593.90: O. $3.90; H, 34.00;
T. 141019430: K. 14.6694.75: M. la. 60;
N, $6.36; WG. $6.85; WW, 7.35.
' St. Louis Grain, e
St. Louis.- Mo.. May 28. Wheat May.
$1.62; July. $1.36.
corn May, ie cia; juiy, eisje.
Oats May, 41c; July, 42c.
Bar Silver.
May 29. Silver Bar, do
foreign. ISKe.
Hew Tork,
Mexican dollar, 45a,
Market, Financial and Industrial News of the Day
Omaha Grain
May 28.
Two hundred and fifty-seven cars
of grain were reported in today as
compared with 135 cars last Satur
day. Wheat arrivals today were 1J0
cars. Corn 72 and oats 43. Wheat
sold at a decline of 47c, with best
grades off 5c. Corn was unchanged
to 2c lower. White sold generally
11Jjc ff, yellow !j1c lower for
the bulk, and mixed unchanged to
a cent off. Oats were JSC&lJic
lower. No. 2 white was generally
H4c lower and No. 3 white 41 ;4c
off. Rye and barley were nominal.
WHEAT.
No., 1 hard: I cars, $1.46. (choice); 7
cara.' $1.46: 1 tar. 11.44; 1 car, $1.45,
(amutty); 2 cars, $1.4. (smutty).
No. 2 hard: 1 car, $1.46. (dark heavy);
3 cars, $1.44; 7 ears, $1.43: 1 car, $1.42:
1 ear, $1.41. (smutty): 2 cars. $1.40.
(smutty): 1 car. $1.37. (very smutty).
' No. 3 hard: 1 car. $1.40: 2 cars. $1.39;
2 3-6 cars, $1.38: 1 car. $1.36, (smutty).
No. 4 hard: 1 car. $1.83 (smutty); 4 5
car. $1.35. (dark); 2 rars, $1.35; 2 cars,
$1.33, (light); 1 car, $1.32. (smutty).
Sample hsrd: 1 car. $1 43.
No 3 spring: 1 car, $1.39,( dark north- I
era, smutty).
Sample spring: ! ears, $1.20
northern): 1 car. $1.17.
(dark
No. 2 mixed: 2-3 car, $1.33, smuttv).
No 3 mixed: 1 car, $1.42; 1 car, $1.41;
1 car, $1.30, (durum).
CORN.
No. 1 white: 19 cars, 64c.
No. 2 white: 3 cars, 64c; $ cars, 53Hc
No. 3 white, 1 car, 68Hc
, No. 4 white: 1 car, 62c.
No. 6 white: 1 car. 46c.
No. 1 yellow: cars, 64c; $ cars, iic.
No. 2 yellow: 9 cars, 63 He.
No. 3 yellow: 6 cars. 62VtC.
No. t yellow: 2 cars, 47c, (musty); 1
.car, 46c.
Sample yellow: 3 cars, 49e, (heating);
1 car, 48c, (heating); 2-6 car, 46c, (heat
ing). No. 1 mixed: 4 cars, 654c; I cars, 62c.
No. 3 mixed: 1 car, 62 Sic, (near yel
low); 1 car, 62c.
No. 3 yellow: 1 car. 61c; I ears, 60c;
1 cRr. 60c. (near yellow).
No. 6 yellow: 3-6 car, 46c; 1 car, 46c,
(musty).
Sample yellow: 2-6 car, 4Jc:s
OATS.
No. I white: 1 car, 87Hc: 8 cars. S"c.
No. I white: .10 care, 37c; 10 cars,
ime,
No. 4 white: 1 car. $60.
RYE
No. 2. 1-6 car, $1.38.'
.Sample: 2-5 car, $1.10.
BARLEY".
No. 4: 1 car, 63c; 2-6 car, 60c.
No. 1 fed: 2-6 car. 4Sc.
jRe.iected: 3-5 car. 48c.
CHICAGO CAR LOT RECEIPTS:
Today Wk. Ago Yr. AgJ
Wheat .7 20 . 13
Corn 694 2TS 1"3
Oats 148 85 68
KANSAS CITV RECEIPTS. -
Today Wk. Ago Yr. Am
Wheat 305 20R 98
Corn 62 ' 13 16
Oats ....11 7
ST. LOUIS RECEIPTS
Today Wk. Ago Tr. Agi
Wheat 95 72 Gij
Corn .....112 43 .67
Oats 64 4S 25
NORTHWESTERN RECEIPTS OF
WHEAT.
Today Wk. Ago Yr. Ago
Winnipeg Ill 169 137
PR1MART RECEIPTS AND SHIPMENTS
Receipts Today. Tr. Ago.
Wheat ...1,201,0000 684,000
Corn 1,469,000 547,000
Oats 797,000 624.000
Shipments . Today. Tr. Ago.
Wheat 719,000 896.000
Corn 764,000 245,000
Oats 356.000 592,000
EXPORT CLEARANCES.
Today . Tr. Ago
Wheat 447,000 115.000
Corn 383,000
Oats 7,000 .......
OMAHA RECEIPTS AND SHIPMENTS.
Week Tear
Receipts Today. Ago.
Wheat 130 78
Corn 72 39
Oate 43 IS
Rye 1 2
Barley 1 1
Shipments
Wheat 108 95
Corn 29 ' 64
Oata 24 14
Rye 3 1
Ago.
44
85
40
4
1
45
40
20
Minneapolis Groin.
Minneapolis, Minn.. May 28. Flour
Market 26f30c lower: ' in ear load lots,
family patents quoted at $9.159.35 a
barrel In 98-pound sacks.
Bran $16.00.
Wheat Receipts, 274 cars, compared
with 156 cars of same a year ago; cash
No. 1 northern, $1.405i1.50i ; May,
$1.30; July. $1.26.
Corn No. 3 yellow, 64 55c.
Oats No. 3 white, 36i36tc
Barley 47 63c.
Rye No. 2, $1. 3901.40.
Flax $1. S21.84.
Chicago Produce.
Chicago, Mav 28. Butter Market high
er: creamery extras, 28Hc: firsts. 23
2C4c; seconds, 1722c; standard. 28c.
Eggs Market unchanged; receipts.
23.408 cases.
Poultry Alive, market unchanged.
Kansas City Grain.
Kansas City, Mo., May 28. Wheat
Close. May, $1.42; July, $1.21.
Corn May. 55Hc: July, 689,c; Septem
ber, 61Hc .
Store Closes Monday
Memorial Day, 1921
Wal Because they dared, because they died, vgw
Ml ' We and our nation live,
Our liberty, our hope, our pride flli
K Were gifts that they could give;
Wl And since for all these gifts the price Ml
. M Was life they held life cheap - Mf
' And blithely made the sacrifice jMn
vkIX And laid them down to sleep. Mmf
TRY
lAYDEN'
PI EST
Chicago Grain
CHARLES D. MICHALES.
Chicago Tribune-Omaha Bee leased Wire.
Chicago, May 28. A large part of
the trading in grain today was in
evening up contracts for the two hol
idays, Monday being Memorial day
and a legal holiday. Indications of
a large run of grain, 1,700 to 2,000
cars of all kind?, mainly wheat, corn
and oats, kept operators from getting
Joo bullish, yet there was no great
selling pressure and values held with
in a moderate range. At the last May
wheat was 2ftc and July lie higher.
Corn showed the most strength,
with gains of -$-ic, finished 'ic
lower to l'g'Ae higher, rye J4c low
er to He higher and barley was
ic nigticr.
The feature of the week was, the
big advance and reaction in wheat
and May after a range of almost 25c,
finished 3j4c higher while July was
unchanged .from the close of a week
ago. Corn gained VA.3sAc, oats
i lost Jic, rye is 9c higher for May and
I'tmytc lower on other months, and
naney (ffiijC lugner.
Wheat Market Easier. .
Prospects of cooler weather for the com.
Ing week, with occasional showers, com-
blued with good receipts, created a rather
easy feeling in the wheat market, yet of
ferings wore not heavy and fairly absorbed.
Crop news was not materially changed
from that of previous days. From Ohio
camu roports that wheat Is heading short,
lnglls reported from Missouri that the
uplands had an average and the bottom
lands below an average winter wheat
crop. ' No rata was reported In the south
west. Buying of July wheat was headed by
one-half a dozen of tho . big commission
houses, while the selling on the advance
was by another set, tho northwost being
well represented. Thu . range was 3 lie,
with 31.23 the top and the close $1.28 to
$1.28',i.
Trade In May wheat was light, with not
more than 250.000 bushels handled in all
at a range of $1.65 to $1.69 prices chang
ing lc between trades st times.
The finish was $1.69. There were
deliveries of 113,000 bushels on ' Msy
contracts and receipts of 101 ears, with
800 to 400 cars expected Tuesday, the
bulk of which has already been placed
through sales of May. Cash houses were
the principal sellers of May.
Corn Market Stronger.
Corn had a stronger undertone deaplto
the good receipts, 83 cars, wltn Inaica
tions of 1.000 to 1.100 cars on Tuesday.
The market had good support from lead
ing cash interests, whllo the selling waa
by hedgers and speculators. May was
up 63?, c and cloned at almost the top.
It was l,c under July and regarded as
relatively cheaper to buy the May and gat
the cash grain.
Light offerings of oats early, with a
little local buying made the highest prices
with July up to 41?,c and September to
43c. with a decline of lc in tho latter on
Bulling by a few of the big houses, Lewis
leading, while on the break he turned to
the buying side and the cloas was at 42 a
to 42V4c. Receipts were 107 cars. Crop
reports were mixed. .
New Tork and Baltimore- exporters
bought July rye and the northwest were
sellers. Prices advanced 114c early, but
It was all lost later, although the close
of $1.21 showe'1 a net gain of He. In
terest In May Tas light. There were dc
liveriei of 25,000 bushels In May jradcs.
Pit Notes. "
There will he no grain markets open in
the United States on Monday, Memorial
day.
With 200 to 300 cars of wheat expected
here Monday and 1,700 to 2,000 cars of
all grains, the state grain inspectors In
Chicago will worn Aionaay so inoi m
grain can bo delivered on May contracts.
The movement of grain at this season Is
the heaviest in recent years, especially of
corn and oats. A large part of the re
ceipts for the next few days will apply
on future contracts and not more than
25 per cent Is expected to be available In
the open market. One house bought 40,
000 bushels of wheat in the sample mar
ket today and sold the May.
Trade sentiment on Saturday was
mixed. A number of the large operators
were bearish on wheat and friendly to
corn. Those who believe in wheat do
not expect cash premiums to drop to the
July level and look for the July to
strengthen and work closer to the cash
prices. There was 31c difference between
May and July wheat today. On the
basis of recent differences as compared
with May, cash wheat at 10c over tho
July would not be out of line.
It Is said that several St. Louts traders
are short May wheat In Chicago, having
sold it against their holders of cash grain.
New Tork exporters have reduced their
lines in May wheat here throughout tho
week and their interest Is not large.
Trade in May has dropped to such smnll
proportions that it l's difficult to fill or
ders even for 6.000 bushels at a time
without causing fluctatlons of 1 to 2
cents.
Those who claim that no deliveries are
made on future contracts had better read
this. Deliveries of wheat on May con
tracts so far this month aggregate 119,
000 bushels, corn, 2,164 000 bushels; oats,
8,292,000 bushels, and rye, 151,000 bushels.
In the provision line there was 10,000
barrels pork, 18,000,000 pounds of lard
and 4,400,000 pounds of short ribs. Sales
of wheat for the 28 days in May were
441,000 bushels, corn, 6,740,000 bushels and
oats, 4,677,000 bushels.
Bonds and Notes
Short Term Notes nod Bond.
The following quotation furnished by
the Omaha Trust company:
Apprnx
Yield
Pet.
S.05
7.58
8.10
2-K
Price,
Am. T. A T Co. 6s. 1922 -T
Am. T. T. Co. lis, 1924..... 96T.
Anaconda 7s. 1929 93
Armour 7s. 192(1. 4
Belgian Govt. K. 11)41 97?,
Belgian Govt. 7'gs. 1945 91 7. tin
Bethlehem Steel 7s, 1923.... Vi "20
British 6V.S. 19S2 J 7.20
British 6148, 1917 W 7.06
O. C. C. & St. I,. 6s. 1929..., XT .25
Denmark Ss, 1945 99'j 8.03
French Govt. K, 1945 9a 8.0.''
H. F. Goodrich 7s. 1925 91 9 77
Japanese Govt. 1st 4Us, 1925 86 9.05
Japanese Govt. 4s, 1931 6'A 8.74
Norway 8s. 1940 lot 7.90
N. W. Boll Tel. Co. 7s. 1941.. 98 7 12
N. V. Central 7s. 19:10. ....... 102H 6.65
Pennsylvania R. R. Co. 7s. '30 96 7.4S
S. W. Bell Tel. Co. 7s, 1925.. 96 8 06
.Swift ft Co. 7s, 1925 96fc 8.27
Swiss Govt. 8s. 1940... 103 7.70
t. S. Rubber 7s. 19S0 99', 7.70
Westlnghouse Klc. "s. 1931.. 99V, 7.06
CHICAGO CLOSING PRICES.
By Tpdlke Grain Co. DX 2627. May 27.
Art. Open. I High. I Low. I Close. I Yes.
Wht.
May
July
1.66
1.69 S,
i.'29"
1.65
1.69V
1.66
1.67
1.27
1.27 t
1 63
1.20;
1.05
.63 'A
'.644
6h i
.66'
.S9s
.40
1.27i
1.26il
'i.'28
1.29
,1.
Rye
May
July
Sep.
Corn
May
July
Sep.
Oats
May
July
Sep.
Pork
May
July
Lard
May
July
1.81 I.
,i I.
1.201,1 .
1.04!.
:.62HI
I 1.21'aI 1.21'.,
1 15 I
63HI ..$
.63,!
.64V .65 Mi
.63 i
Ws"'
.66
.668
.40
.41
.42i
42V,
.64
'.S5i
.64 k
.66
.66".
.66 '.2
.2914
.4U
.4 Pi
.42'.
.43
.39 '
.419,
.38',
.40H
17.30
17.30
117.30
117.30
7.30
117.80
117.30
I
I 9 35
j 9.60
.1 9.70
I 9.76
17.30
17.30
17,30
9.32
9.67
9.32 I
9.65
t.n
9.65
9.32
9.57
Ribs
May
July'
l'i.Vo' "
9.70
9.67
Chicago Potatoes.
Chicago, May 38. Potatoes Old, dull:
receipts, 7S cars; northern white, sacked
and bulk, 6065c . cwt.; new, steady;
Texas Triumphs. $2.00 2.40 cwt.: Louis
iana long white. $1,761.90 cwt.: Texas
cobblers. 33.25W2.35 cwt.; South Carolina
cobblers, $5.00fT 5.60 barrel.
Kansas City Produce.
Kansas City, May 28. Butter,
and Poultry Unchanged.
Eggs
$250 Netted
$12,500 in
Montana Oil
" This was done by the "56" Petroleum,
Corporation for its stockholders in the
famous Cat Creek field ,in Montana.
We are virtually offsetting produc
tion in this 'same field. Our acreage is
as favorable geologically as that on
which the famous ;'66" producer is lo
cated. The great Jack Rabbit well only
one-quarter of a .mile from our acre
age. ,,
If you are Interested in this great
investment opportunity write us for
our free map and literature. We will
also send you a sample of Cat Creek
oil direct from these big wells. '
Brown Petroleum
Corporation
I Lewiatown, Montana
farm Mortgages
7'
We offer hisb cits, first farm mortgage
bond, on Eastern Nebraska land in con
Timlent denominations of 1100. 1500 and
J1.00U.
Local tax exemption.
UNITED STATES
TRUST CO.
Affiliated with
The United States National Bank ,
1612 Farnam St.
Omaha. Neb.
Farm Mortgages
'7
39 Year of Loaning Experience
Without a Lot to the Investor.
Write for List
Kloke Investment Company
84S Omaha Nat'l Bank Building.
Phono Doug. 1150.
E. VAvl Pont
de Nemours & Co.
10-year
7V2 bonds
Business 119 years old.
Includes explosives,
dyestuffs, artificial
leather, ivory pyralin,
paints, varnishes and
chemicals.
Total assets,
$280,000,000.
Price 100 and Interest
to yield
Circular on request.
OmaTruCoQJEany
W "tek'siMal ass aaMMg
9
1
Omaha Produce
Fruits Bannas: Fer pound, le. drape
fruit: Dr. Phillips, it, .00; (4, 6.60;
64-T0-S0, 17.00. OraiiRea: Valenclas,
12. .!; liO, 18.00; 176-200-UH. S.7B;
2B0, 15.10: 288, 15.26- 3:4. 15 00. Lemons:
::00 Golden , Bowl, $8.00: 360 Uohten
Honl, 15.00: 300 Silver Cords. 35.60; 360
Silver I'ords, 35.00. Tlneapples: Cuban,
!, 3S.00; 36-.10-24, 35.60. Apples: Fancy
Winesaps, 113-126, 33.60; 138-10-1(13.
3 S. IT,; 175-138-200, 33.76; 21-226-i:i4,
J.'.2i; choice wlnesaps. :t8-23S-234. 31.76;
combination Pen Davis, all alien,' 32.60.
Pouches: Georgia, t basket crates, 33.75.
Cherries: California, 3 boxes. $3.76.
Vegetables Potatoes: H. R. Ohlos,
cwt., $2.26; XL a. No. 1 whites or rod,
cwt., 31.75; new triumphs, cwt., 34i0;
crt., sweet, 32.60. Onions: Crystal wax,
crt.. 32.50 yellow wax, crt., 32.60;. Cab
bage: California, crt. lots, per lb., 6u:
California small lots, per lb., Ic. Old
' i r Ox.J.
i( umana jiuck
Peter Trust Bldg.
Omaha,
Local Securities Foreign Exchange
Stocks and Bonds Foreign Bonis
Write for our quotations and inveitment bulletins
Send u your buying and selling orders.
I
1
v.--z: zi
Direct County Obligation
Municipal Bonds
$ 41,000 McCurtain County, Okla.
SrS Road Bonds
296.000 El Paso County, Texas
S Road Bonds
200,000 Yavapai County, Arizona
6 Highway Bonds
These bonds represent the highest grade of safe Investment, for they
are DIRECT OBLIGATIONS of the counties in which they are Issued and
are therefore secured by a!! ths resources within these counties, whose
assessed valuations range from $12,000,000 to over $130,000,000 and
whose net debts range from less than 5 to less than Va of 1. THEY
ARE EXEMPT FROM ALL FEDERAL INCOME TAXES AND ARE NOT
CALLABLE BEFORE MATURITY.
Write or phone for descriptive circular.
INVESTMENT
BANKERS
fJ feCompanv U
H. E. HARRIS, Res. Mgr
701 Peter Trust Bldg, '
I
We Offer
New Issue
$87,000
Gerald Ehernberger
Jji
1 1
Peters Hiust Company
Peters National Bank
"Famam qtjeventeeath
Peters Trust Building
Serv
in the careful handling of all orders
for grain and provisions for future
delivery in all the important markets.
We Operate
Omaha, Nebraska Lincoln, Nebraska
Hastings, Nebraska
Holdredge, Nebraska Geneva, Nebraska
Chicago, Illinois
Sioux City, Iowa Des Moines, Iowa
Hamburg, Iowa
Milwaukee, Wisconsin Kansas City, Missouri
Private wire connections to
all office except Kama City.
We Solicit Your Consignments
of All Kind of Grain to
OMAHA, CHICAGO, MILWAUKEE,
KANSAS CITY AND SIOUX CITY
V,,.
Every Car Receive Careful Personal Attention
The Updike Grain Company
"The Reliable Consignment House
roots: Beets, carrots, turnips, lb., m.
Ureen Vegetables Cuoumbers: bushel
basket No. 1, 30.00; bushel basket No. t.
$6.00: market basket, southern, $2.60:
box H. 11. extra fancy, dosen, $3.00: bos
It. If. fancy, dosen, $2. to. Tomatoes:
4 basket crts., Texas pink unwrapped,
$100; Texas red wrapped, $;.26. Lettuce:
California head, crts.. $4.00; Callfornln
head, dosen, $1.40. Peas: Per lb., 20a.
drecn peppers: Per lb., 6o. Plants: To.
matoe, box, $1.26; cabbage, box, $1.25;
pansy, basket, $1.26; sweet potatoes, 100,
repack baskets, ort., 260 baskta., $3.50.
Dates: Dromedary: Per caBe, $6.76.
Miscellaneous Peanus: No. 1 raw, lb.,
Oc; No. 1 roast, lb., 11 He: Jumho, raw,
lb., 14c; Jumbo, roast, lb., 17c: bbl,
sslted, lb., llo; drum, salted, lt",o;
pall, salted, lb., 12o. Checkers-Chums C.
.Iscks: 100 to rase, prUs, $7.00; 100 to
case, no prise. $6.75.
l.ondon Money.
London, Slay 28. Silver Bar, 34d par
ounce. Money, $ per cent. Discount
rates, short bills, 6 per cent; I months'
bills. 6 13-1605 per cent.
co D j o l"
7 uunu company "
I
AT Untie 5027
Nebraska
I
M
i:z: .-'V
Prico
Maturity to Yield
1927-29 6.12
1931-43 6.00
1923-39 6.00
1939-50 5.90
1921-25 6.38
1926.30 6.25
1931-35 6.10
1936-40 6.00
OMAHA
KANSAS CITT,
DOuglas 6816
7 First Mortgage
Farm Land Bonds
Tax Free in Nebraska
SECURED by a splendid farm
located 2 miles north of
Schuyler on the main line of the
Union PacKic, in Colfax County,
Nebraska. Our appraisers con
sider this one of the finest prop
erties they have ever examined.
VALUATION
Value of land.. $225,000
Buildings 25,000
Total valuation. . $250,000
Denominations,
$100, $500, $1,000
Maturities
$10,000 due June 1, 1924
$10,000 due June 1, 1925 ..
$67,000 due June 1, 1920
Price par and Interest
yielding 7.
Detailed circular on request.
o o o
Offices at-
we
!i
I
I