Image provided by: University of Nebraska-Lincoln Libraries, Lincoln, NE
About Omaha daily bee. (Omaha [Neb.]) 187?-1922 | View Entire Issue (June 7, 1921)
9 Says Prosperity Depends Upon Rail Situation Vice President Coolidge Be lieves Adequate Transpor tation at Satisfactory Rates Must Precede Normalcy. By HOLLAND. Calvin Coolidge, vice president of the United States, has joined with others who can speak with authority in the .statement that the industrial situation in the country is improving. He believes that it can be steadily improved until real prosperity re turns to remain for several years at least. He, however, is of the opin ion thai not until the railroads of the United States are so operated as adequately to handle transporta tion and at rates which will be sat isfactory both to those who buy transportation and to those who have invested their money in the rail roads will the prosperity have been established. A report has prevailed in New York City for some weeks that the vice president has at cabinet meet ings and in other ways urged such action on the part of the administra tion, congress and the people as would tend speedily to relieve the railroads from their embarrassments. There is in fact a surmise that the recent informal, unexpected and ' without precedent call which Presi dent, Harding made upon the Inter state Commerce commission may have been due in part to his agree ment with the views which the vice president has expressed. ' . Question of Mtin, Th vice president la In full agreement with many of the able men who are di recting Industry In the view which he holda respecting the rate of wanes. But he la the flrat of any of those who are now In a high official atatlon who ha ventured to ay that too much emphasis has been put upon the rate of wages. Ha goes farther, saying that the employer does not care how high wages are If only he can profitably market hla output and If the rate of wages corresponds with the amount of production the wae earner (Ives. This Is the view taken by Judge Clary. In one of the addresses delivered by George W. Perkins a year or two before his death, he said that employers did not object to, the payment of high wages If oaly the output delivered by the wage earners corresponded with the wages. Years ago !.bram S. Hewitt, shortly be f,ro h brgan service as mayor of New i York, told the representatives of the 1'rltlnh Iron and steel industry that In i the United States much higher wages were paid to the workers In this Industry than the English workmen received. And Set In spite of high wages and partly be cause of them the United States was tak ing away the prestige which Oreat Britain had gained as the leader in the iron and steel Industry of the world. That was possible because the American wage earn er wer at that time delivering a dollar's worth of otuput for every dollar In wages which they received. a Profound Tet Simple Philosophy. In a few words he vice president sets forth the profound yet simple philosophy which is contained in all the testimony given by railroad executives to the senate committee on Interstate commerce which is now sitting. The vice president's state ment miKht be accepted as a corollary to the testimony given by Julius Krutt schnitt. Howard Elliott, Daniel Wlllard, Samuel' Hea and other master minds In the direction of American railroads. The vice president says that conditions must be adjusted ao . that the railroads can make a living and be able to transact public business at a reasonable expense. When that is accomplished then pros perity Is assured. B'or In the vice presi dent's opinion' the railroad problem Is the key to the Industrial situation. The rail roads represent an investment of bil lions In capital and . those who have In vested this capital are now suffering more or less because the railroads are em barrassed. Then again the railroads em ploy hundreds of thousands from the moat menial of workmen- up to the highest erode of executives. Highly Important Testimony. It Is significant that the vice president should have made this statement while , railroad executives who. are among the leaders In transportation service should have been testifying to the sjrnate tnter- atate commerce committee. It is also significant because with, the exception of Colonel Roosevelt, when he was vice president, no one of the predecessors of Vice President Coolidge has in any con aplcuous way Identified himself with Im portant publlo questions. The testimony before the senate Inter state commerce committee has. It la understood here, 'fully justified the In vestigation now undertaken by this com mittee.. All of the testimony has been In the highest degree Important Testimony given by Daniel Wlllard. president of the Baltimore A Ohio, was free from technicalities and was set forth In auch manner aa to make It easy to understand by any citizen of reasonable Intelligence. He did not criticize govern mental direction of the railroad, recog nizing that thla was carried on In the time of Imperative emergency. He made it plain, however, that he la able to correct some misstatements due to mis understanding which nave been maae. The hearings before the senate com- futtee and the coincident statement In olnt of time which the vice president aa made will, It la) assumed, concentrate the attention of the publlo upon the vital neoeaslty in the public's own Interest of putting the rallroada In a position where they can make a living and be able to transact publlo business at reasonable ex pense. - ' Omaha Bay laarket. Prairie Hay Receipts, light. Little de mand. Prices firm. Alfalfa Recelpta very light Vary little demand. Prices lower. . Straw No receipts. Fair demand. No. I upland prairie hay. 31200 te 113.09; No. 1 upland prairie hay. 19. CO to $10.60; No. t upland prairie hoy. 17.00 to 18.00; no. I miaiana prairie nay, iii.uu to 111.00: No. i midland prairie hay. $8.00 to 39.00; No. I midland prairie hay.. $6.60 to 17.50; No. 1 lowland prairie hay, 18.50 to $9.50; No. 1 lowland prairie hay. $6.60 to 17.50. Choice alfalfa, $20.00 to 122.00; No. 1 alfalfa, 118.00 to $19.00; Standard alfalfa. $13.00 to $17.00: No. I alfalfa, $8.00 to $11.00; No. I alfalfa, $7.00 to $8.00. Oat straw, $8.00 to $9.00. Wheat straw, $7.50 to $8.00. Kansas City Live Stock. Kansas City, June . TJ. B. Bureau of Markets.) Cattle Receipts, 13,600 head; beef steers and she stock mostly 1015o lower: exceptions steady; top. $8.80; bulk of sales, $8.0098.25; stockers Steady to strong; spots higher; other classes slow and around steady; odd cows, $6.2596.60; , bulk. 14.606.60; beet veal era, 18.60. Hogs Receipts, 11,600 head; market opened steady to strong, closing active, mostly lOo higher: pest lights to packers and shippers, $7.60; bulk of sales. $7,259 7.60; packing sows steady; plga steady to weak; very few over $8.60. Sheep and Lambs Receipts, 9.000 head; market for sheep strong to lOo higher; Texas wethers, $4.25; native ewes, $3.50; lambs steady; best native springers. $12.35; bulk of better grades, $11,250 12.00; Texas goats. $3.5$. Slonr City Live Stock. Sioux City, la,, June 6. Cattle Re celpta, 2,000 head; market weak. 25c lower; fed steers and yearlings, $6.00 8.60; fat cows and heifers,. $4.6007.75; cannera, $1. 60 4.25; veals, $6.0009.75; calves, $4.5097.00; feeding cows and heif ers. $4.005.00; stockers. I5.00es.25. Hogs Receipts. 4,600 head; market 16c lower: light $7.457.76; mixed, $7,250 7.60; heavy, $6.6007.25; bulk, $7.1607.60. Sheep and Lambs Not quoted. , Ylsible Grata Supply. ' New Tork. June 6. The visible supply of American and bonded grain shows the following changes: Wheat Decreased. 1,065,000 bushels. Corn Increased, $,$46,000 bushels. Oats Increased. 1,686,000 bushels. , " Rye Increased. 89,000 bushels. Barley Decreased, 82,000 bushels. - St Louts Live Stock. Bast St Louts, June (. Cattle Receipts $.600 head, bulk, $4.7505.60. ' Hogs Recelpta 12.500 head: market bulk to butchers' weights, $7.9008.10. Sheep Receipts 6.000 .head; market bulk lambs, 612 2512.75f ewe top, $4.00; bulk, 13.00 O4.0O. turpentine and Rosin. -Savannah. Ga., June Turpentine Firm; 62U0S3C, Rosin Fine. Quote: B, $$.4002.50: D, $3.4O0$3.55: B. U.4601.60; F. $3.5002.60; a, $3,560 .64) ' THE GUMPS- fire -fWr Ol moTDC PONT HAVE TO STEP ON IY- JVST ?KX VX WW J?FS PONE'S To THE )F A YX LAHVEP VY V.OUUP WOOT IX VP TO V. LiveStock , Omaha, June I. Receipts were Cattle Hogs Sheep Estimate Monday 6.3(10 3,600 6,000 Same day last week.. 8.313 3,m 6,70 Same two wks. no.. 6.403 .4!7 7.61 Same three wks ago.. 6.K50 7,677 4,640 Same day year ago. .. .5,430 10,804 "6,560 Receipt! and disposition of live stock at tho Union stock yards. Omaha, Neb., for 24 hours, ending at I p. m , June I, 1921: RECEIPTS CARLOT. Cat. Hogs Bhe'p H.-M. C, M. & St. P. Ry, ... 2 4 ... Wabash R. R 1 Mo. Pac. Ry 1 ITunlon Paclflo R. R. 49 26 23 C. & N. W. Ry., east 8 C. A N. W. Ry., west 10 II C 8t. P., M. ft O. Ry. 26 6 C, B. ft Q. Ry., east 1 C, B. & Q. Ry., west 75 43 1 C, R. I, A P., east 7 1 C, R. I. & P., wtst 1 Illinois Central Ry. . . 3 1 ... C, O. W. Ry .-3 1 Total Receipts' ...257 123 24 . .. DISPOSITION HEAR. Cattle Hogs Sheep Armour ft Co Cudahy Packing Co. , Dold Packing Co Morris Packing Co. .., Swift ft Co J. W. Murphy Swartx ft Co Lincoln Packing Co. Wilson Packing Co. .. M. Qlassburg Hlggins Packing Co. , Hoffman Bros 731 1642 '1338 ..1372 .. 40 .. 094 ..1291 . 1 1 . .. 10 .. 85 .. , .. 21 .. 37 .. 24 .. 22 .. 61 .. 29 .. 11 .. .. 635 , .. 102 .. 20 .. 5 .. 118 .. 11 . .. 125 .. 615 1793 1105 1271 1924 16KB 62 1200 1693 1881 64 Midwest Packing Co. Omaha Packing Co. .. John Roth & Sons .... So. Omaha Pkg. Co. .. J. H. Bulla E. O. Christie ft Son . John Harvey F. a. Kellogg F. P. Lewis , Mo. -Kan. C. & C. Co. J. B. Root ft Co. Sullivan Bros Werthelmer ft Degen . Other buytra Nevada Packing Co. , M9 Total 6645 9496 6102 Cattle This week opened wth a very respectable run of cattle about 6,300 head, but quality of the offering waa not as good as last week. Owing to the liberal recelpta and lower prices at eastern points demand was. somewhat restricted and bid's ana sales joeusc lower than last week. Best handy weight steers sold around $8.00 W9.30 ana very aealrable heavy cattle at $7.7508.00. Cows and heifers Also sold round 10015c lower than the close of last week, out there was very little change In the stocker and feeder trade. Quotations on Cattle Choice to prime beeves, $8.1606.40; good to fchotco beeves, $7.7508.15; fair to good beeves, $7,600 7.75; common to fair beeves, $7.0OJ.6O; choice to prime yearlings, $8.1508.50; good to choice yearlings, $7.8008.16; fair to gooa yearlings, 87.2607.75; common to fair yearlings, $6.7607.25; choice to. prime neirers, 87.2507.75; good to .choice neuera, i.uujT.2&: choice to prime7 cows, so.zoijis.io; gooa to choice cows, 55.750 o.ze; iair to gooa cows, 15.0005.75; com mon to fair cowa, $2.0004.00; good to choice feeders, $7.$57.75; fair to good feeders,' $6.5007,25: common to fair feed ers, ts.iHa6.so: good to choice Blockers, $7.2507.75;fair to good stockers, $6,500 7.25; common to fair stockers. $5,00 0 6.25; stock heifers, $4.(0 0 6.00; stock cows, $3.5004.76; stock calves, $5.0007.50: veal calves, $5.0008.00; bulls,, stags, etc.. $4.00 W.uv. BEEF STEERS. ' J No. Av. Pr. No. Av. Pr. 23. ...1,1017 $7 60 . . 12 972 $7 65 24 917 T 70 . 14. .....1290 7 75 40 1306 7 80 88......1S07 7 85 $0 .1380 8 00 21 124$ S 35 - STEERS AND HEIFERS. 19 742 7 50 7 801 7 5 40 672 7 65 ' 19..... 792 7 75 19 941 7 85 20 832 ( 27. 818 8 30 s cows. 921 5 75 1223 00 5 1290 $ 10 10. 1284 60 HEIFERS. 1$ 618 $ 25 ' 27...... $60 7 50 41 $82 7 75 BULLS. 1 1270 4 00 1......1800 4 50 1 620 6 40 ) CALVES. 7. 874 4 50 1 100 00 1 186 7 26 9 144 7 75 7 826 8 00 Hogs The week opens out with a fair Monday's run of . hogs, something like 8,600 head showlml upT" Demand from packers was rather, backward from the start and shippers bought sparingly, re suiting In a alow to lower trade. A good share of the receipts changed hands at dimt declines with scattered aales of light and light butaher hogs as much as 16c lower. The market as a whole was quoted 100 iso lower than at last week s close. A short load of light hogs made a top of $7.70 and bulk of the rectipta sold at $7.0007.40. HOGS. No. Av. 60. .321 65. .260 73. .242 88. .183 77.. 228 76. .219 64. .214 Sh. 70 70 Pr. No. Av. 8h. 280 140 Pr. $7 10 7 20 7 30 7 40 7 80 7 60 $7 00 88. .371 7 16 61.. 291 i T 25 71. .230 30 7 35 62.. 246 70 ..75 SO. .197 110 40 7 65 ' 76. .205 . 60 f. 7 70 Sheep Recelpta of sheep and lambs were estimated at 6,000 head and fully half of this supply consisted of California springers. A tew Idaho spring lamba were Included In the run, but ted classes were very scarce.. Prices for springers scored an advance of 26c 040c but there was very little life to toe trade, cnoice spring ers were quoted up to $13.26013.60 and a few ordinary Idaho springers sold at $12.60. Wooled lambs were reported at $11.60 and wooled ewes at $4.00, about steady with last week's close. Quotations on Sheep Spring lambs, $10.50012.60; shorn lambs. $9.50011.76; shorn ewes, $3.0004.00; cull ewes, $1,000 .60. Chicago Live Stock. Chicago. June $. Cattle Recelpta 25,000 head; market, light and handy weight beef steers, steady to lOe lower; others, 15c to 25o lower: top yearlings, $9.00; bulk, $7.50 0 8.60; butcher she-stock, steady to 15c lower; bulk, $4.7606.60; cannera and cutters mostly, $2.6003.75; bulls and calves, steady; bulk bulls, $4.50 06.00: veal calves largely, $8.2609.00; atockers and feeders slow, weak to 25c lower. Hogs Receipts 42.00$ head; market opening lOo to 10c lower; mostly steady to lOo lower than Saturday's average; clos ing, active and practically steady: hold over liberal; top, $8.16: bulk. $7.7508.10; pigs, steady; bulk desirable, $8.0008.10. Sheep and Lambs Receipts 14.000 head; market, lambs, 25c to 60o higher; sheep, steady; shorn lamb top, $12.40: Cali fornia springs. $13.85; best native springs, $13.75; bulk, $13.60012.60: Texas wethers, $5.00; bulk fat ewes, $3.6004.60; few heads. $6.00. St. Joseph Live Stock. St. Joseph. June . Cattle Receipts, 3.000 head: market, dull. 16025o lower: steers, $6.6008.36; cows and heifers, $4.50 08.25; calves, 6.0008.60. Hogs Receipts. 6.600 head; market, steady to 10c lower; top, $7.(0; bulk, $7.2607.60. Sheep Receipts, 800 head; market 250 60c higher: apring lambs, $11.60012.60; clipped lambs, $10.00011.00; ewes, $3.00 04.00. London Money. London, June 6. Bar Silver 34d 1 ounce. Money 4 per cent. Discount Rates Short bills, 6V4 cent; t months' bills, i per cent YMO fc? Vaur FOOT- IT 6UY WAS TO. XH U6vmJSt TOOOV VARS Ott MX HAS fo in. j TTnvSjDS Market, Financial and Industrial News of the Day Financial She Ntto Bark Shnefl. By ALEXANDER DANA NOYES. Chicago Tribune-Omaha Bee Leased Wire. New York, June 6. The note worthy incident on today's financial markets was tho heavy break in ex change on the various European countries. Occurrinp; before the open ing of the stock exchange this de cline possibly had some adverse in fluence on the price of stocks. The stock market's movement, however, was irregular during the early hours and the weakness did , not become ceneral until late in the day. The statement was published in Wall street, as comma: trom Chicago, That a referendum was to be taken by workers on the railway roads and tracks on the Question of accepting the labor board's wage reductions. Thi mnort was somewhat confusedly stated and It was not confirmed by tho press dispatches during ousiness noure; but It had Immediate effect on the roar Vrt nuhi.h r-loaed distinctly weak, with declines of 2 points or more In the lead ing railway shares. . The day's earlier de clines had affected mostly the Industrial stocks with dividend problems ahead of them. These stocks also closed at the day's lowest Most oi tne aay s neavy aecune in Bur ling exchange, which . carried rates to the lowest level since January 24 and marked a reaction of 23 cents In the, pound from the high rate of May 19, occurred at London before business opened In New ' Tork, having closed on Wall street at $3.84 9 Saturday. . The flrat New Tork quotations, of today was .7, irom which, after a brief recovery, It declined.; to $3.77, closing at that rate. Today's maruet inierrea mai me arjus for transfer to New Tork of the funde to meet the three months' German treasury bills at their maturity were being pressed in large quantity on the market. This may be so, It probably will be agreed that, unless there was convincing reason to look for continuous decline in sterling between June 1 and September 1, the forc ing of great amounts of these bills on the present unstable market would be poor business Judgment. It should be remem bered also that although, the German gov ernment and Its bankers manage the conversion of the European exchange drafts into dollars, they do It under tho dlrecUon of tho reparations commission, which represents the beneficiaries of tho payment This consideration makes It-difficult not to believe that such a break In sterling rates as today's resulted primarily from aggressive sales by apeculators. New York Quotations Range of prices of the leading stocks, furnished by Logan ft Bryan, Peters Trust building:- RAILS. ,s " - v - . Sat. i High, Low. Close. Close. A.. T. ft S. F. . . . 51 8414 - 80t4 W 41 Baltimore ft Ohio.. 41 Vi Canadian Pacific. 11 2 39 394 110H 110H. 69' N. Y. Central 69 II 69 ' 1 10 68 68 A Ches. ft Ohio Erie R. R. Gt. Nor. pfd Chi; Gt. West.... Illinois Central .. M., K. ft T 4 K. C, Southern... Missouri Pacific. New Haven 67tt 12 7H 7 90 W 67H 12 67 7 90 58 14 69 6V 2 27 22 18 72 65 34 71 83 75 21 : . 27 . 22 , 13 . 71 . 4 . 34 . 71 . 33 . 75 . 20 . 2CVi 25 21' 17 69 64 24 68 31 73 25 21 17 69 64 34 68 31 73 20 27 Northern Pacific. C. ft N. W Pennsylvania .... Reading C. R. I. ft P Southern Pacific. Southern Ry...... 20 26 C. M. St. P.... 28 Union Pacific ...119 115 115 118 Wabash . . 8 STEELS. 7 7 B Am. C. ft F, . . . ,..125 124 124 .... ,.. 84 S3 ' 33 33 ... 84 82 82 82 ... 25 '24 24 28 .. 79 77 77 78 ... 56 64 54 56 ... 28 28 23 29 .. 65, 63 68 60. .. 29 29 29 30 ... 45 45 46 45 ..25 26 26 26 .. 65 64 54 55 .. 83 83, 83 83 I. 38 33 - 38 38 Allls-Chalmers . Am. Loco U. A. Steel Corp Baldwin Loco.. Beth. Steel .... Colo. F. ft I.... Crucible Steel... Am. Steel Fdrs. Lackawanna ... Mldvale S. ft O. Rep. I. ft 8 Ry. Steel Sprg. Sloss-Sher B. ft U. 3. Steel. COOPERS. Anaconda Cop.. 40 38 38 38 40 39 40 12 13 11 11 23 24 33, 34 19 20 22 22 11 11 18 ' 13 51 62 Am. 8. ft R 40 12 11 24 24 20 22 11 13 B. ft S. Mln 18 11 23 33 19 Chile Cop Chino Cop Insp. con. cop..,.. Kennecott Cop..... Miami Cop. Nev. Con. Cop Ray Con. Cop 22 11 13 61 Utah Con 62 INIIUSTKlAliK Am. Beet Sugar... 81 31 31 - 32 35 87 36 39 57 69 A. G. ft W. I. S. 8. 86 Am. Int. Corp..... 39 Am. Sum. Tob.... 69 35 36 67 Am. Cotton Oil... Am. T.'ft T. ...... Am. A. ft C. Pro. 104 104 104 104 47 , 41 . 4314 . 41 Bosch Magneto... 41 -, 30" 63 36 13 39 29 39 29 61 36 11 67 38 4 . 51 42 30 62 37 13 40' 65 Am. Can Chandler Motor.. 61 36 11 67 38 63 52 Central Leather. . Cuba Cane Sugar. rl Packing 67 Cal. Pet 39 Corn Prod 5 Nat. E. ft S. Oil 62 13 Flak Rubber .... 13 13 13 Gen. Electric.,,.. ,133 132 132 134 Gt Nor. Ore.'.... Gen. Motors ..... Goodrich In. Harvester H. ft B. Car U. S. Ind. Alco... Int Nickel Int. Paper 27 27 lift 10 26 87 66 61 14 66 3 28 88 13 12 10 10 10 35 86 56 61 66 3 34 86 65 60 14 62 8 27 35 12 12 84 87 66 60 14H 62 Island OH 8 Ajaz Rubber Kelly-Springfield Keystone T. 4 R. 27 85 37 14 12 4 12 13 Int. M. M Maxwell Mot.' Co. ex. Petroleum .150 147 147 149 Middle States Oil . 12 11 12 12 Pure Oil Co 30 29 8 32 62 19 66 61 74 21 74 36 70. 54 8 33 18 34 86 92 87 44 72 29 I 22 62 19 66 61 75 21 74 36 70 54 8 23 18 84 36 92 87 45 72 30 Willys-OvTnd Co. -8 Pacific Oil 33 8 38 64 22 69 63 79 22 76 87 7$ 65 9 35 18 36 37 Pan-Am Pet Co. SO Plerce-Arrow Mo.. 22 Royal Dutch Co.. 69 O. S. Rubber Co.. 64 Am. Sugar Rfg... V9 Sinclair Oil Co.... 22 Sears-Roebuck Co. 76 Stromberg arb. 87 Studebaker Corp . 74 66 9 35 19 Too. Products Co. Trans-Con. Oil . Texas Co U. 8. Food Pr. . White Motor Co. . Wilson Co.. Inc. . 34 36 West.gh'ae Airbrake. 92 Western Union ... 87 87 74 West.gh'se El. Co. 46 Am. Woolen Co. . . 74 Total aales 718,200 shares. Money Close. 7 per cent. Marks Saturday close. .01 6 Vie. Sterling Close. $3.79c; Saturday close, $3.86. i Dried Fruit. per I New Tork, June 6. Apples Evapor- I ated, market quiet hut firm. I Prunes Firm; California!, 406c; Ore peri gone, 8 016c. ' yLpricota Scarce; choice, 240250. HONK! 6US TtUX 6UV XWINV4 HC FERCX T0NIN6 0? AS MVCH SPCCT A A 6oOX66C Te I83ii AMEHMVT- Chicago Grain "J By CHARLES D. MICHAELS, Chlrago- Tribune-Omaha Bee Leased Wire. Chicago, June 6. There was a sharp bulge in wheat during the last 15 minutes of the session, buy' ing by two local exporters together with reports of export business, caused many of the early sellers to replace lines and some short cover ing. At the close July was 1 1-4C lower and September 3-4c higher. Corn was M3-8c higher, and oats was l-43-8c lower. Rye was 1 2c lower and barlev was unchanged Pork declined 30 cents, lard 5c and ribs unchanged. Local cash sales were 8,000 bushels of wheat, 20,000 bushels of corn, 94,000 bushels of oats and ' 1.500 bushels of barley. Seaboard reported 500,000 bushels of wheat and 200,000 bushels ot corn worked for export. Shippers were unanimous in their statements that the demand for grain from both do mestic and foreign buyers was absent today, and some doubted the reports of business at the seaboard in view of this fact. The break in exchange, they said, was against business. Cash wheat premiums we're l2c lower; cash corn and oats basis was un changed. , Trade in wheat was not very large. Prices started lower on pressure by be lated longs and eleventh hour bears. Good buying "by - house that received a bull ish report on Nebraska conditions from their crop expert, B. W. Snow, caused- sharp upturn a few minutes later. On tne bulge thW waa aome selling by a lead ing cash house and a commission house with eastern connections which caused prices to react somewhat At the end ot the first 'hour the market was holding well, "but a few minutes later selling by a house credited to a leading local long caught the market unprepared to take the amount of wheat put on it, and, as a fcsult, prices dipped back V the low point of the morning. Cash Demand Moderate. The cash demand for wheat was mod erate for domestic accounts. Exports of wheat for the 'week were again Jieavy. A private Italian estimate of the wheat crop of that country Is for 180.000,000 bushels . which compares with the Ive year prewar average of 183,000000. Lo cal receipts were estimated at 50 cara. Corn acted Independently of wheat to some, extent and this market showed a' fair amount of stubbornness. The reason for the buvlne can be attributed to an old theory that "when the grain moves tnen me aemanu uoveiupn. uun,. wns credited mainly to locals, although a fair scattering of commission house orders on the buying side was noted. Cash hnusca sold - the corn on the bulge and part ot-tbis pressure was believed to be hedging. - , . , Trade In oats was fair In volume. Com nalsslon houses were lined un on the buy ing side early In the day when wheat showed strength, while later pressure from locals develODed and a reaction in prices was .the result. Arrivals were heavy, the estimate being . placed at 436 cars. There was a moderate shipping demand from the east and salea overnight amount ed to 35,000 bushels. , Rye was weak, cash No. 2 selling at $1.39, or lsc over July price. Pit Notes. ' A Liverpool cable to Stetn-Alstrln said "Ten . loads of October wheat, sold at 14 shillings, ld, a decline of 5d from Saturday's asking price." J., F, Barrett had a Kansas City mes sage saying that east from Kansas City the wheat outlookr was never better than at present. King of Toledo wired the Kansas report as follows: "In a. special report Secretary Mohler estimates an increase ot 900,000 acres of wheat. Change was based on assessors' reports. Total yield estimated about 115.- 000,000 bushels. Late reports unfavor able." The foreign exchange rates showed a heavy tone and affected the expert situa tion to some extent New Tork wired there were few cables in, with demand poor. . Gulf wheat premiums showed little change, but there was no material In, crease on the decline of Saturday In our markets. -, Weather In Argentina continues fine, with receipts at ports Increasing and pros pects for larger shipments. Supply of corn still available Is estimated at 160, 000,000 bushels. New wheat will begin to move In the vicinity of Emporia. Kan., by June 20, according to H. P. Truster of that place. Stocks of old wheat exceed all estimates and a good movement should .continue. Harvest will start In 10 days or sooner, and there will be yields as high as 40 busheia per acre In this section. Cash wheat premiums were off 103c nere .and the demand was moderate. Of ferings were fair. Country sales of corn and oats were reported moderate, but the movement does not appear to be diminish ing to any extent. - One leading shipper said he did not have a bid on corn. Local, there was fair aemana. CHICAGO CLOSING PRICES. By TJpdlke Grain Co. DO. 2627. June . Art. Open. I High. Low Close. Sat. Wht. J J 1-1 July 1.30 J.32 1.27 1.30 1.31 1.29 1.30 1.31 Sep. , 1.14 1.17 1.13 1.16 1.16 ! : 1.16 1.16 Rye I I t July 1.24 1.25 1.21!. 11.25 Sep. 1.08 1.06 1.03 I 1.08 Corn July .64 .65 .64 .64 .64 .64 .66 .64 Sep, .65 .66 '.65 .66 .65 s .66 65 .65 Oats ' July ' ,.39 .40 .38 .89 .39 .39 .39 Sep. .41 .41 .41 .41 .41 -41 41 Pork July 17.20 17.20 17.00 17.00 17.80 Sep. 17.00 17.00 17.00 17.00 17.30 Lard I . July $.65 9.70 , 9.65 9.65 f 9.70 Sep. 1 9.97 9.97 $.97 9.97 10.02 Rlba July 9.85 9.90 9.85 9.90 9.90 Sep. 10.10 '110.10 10.07 10.10 10.10 Minneapolis Grain. Minneapolis. June 6. Wheat Recelnts. 403. cars, compared with 200, cars a year' ago; cash No. 1 northern, $1.52 1.62; July. $1.82. corn no, I yellow, 64 65c. Oats No. 8 white, 3535c. Barley 496c. Rye No. 2. $1.294 1.81. Flax No. 1. $l.81ei.63. ' . St. Louis Grain. St. Louis June $. Wheat July. $1.26: September, $1.14. Corn .luiy, cane: September, 64c. Oata July, $8c; September, 41 c. Kansas City Grain. Kansas City. June C. Wheat July. $1.23; September, $1.11. Corn July, c: September, 60c. Kansas City Hay. Kansas City, June $. Hay Unchanged. HONK! Omaha Grain Omaha, June 6. Cash wheat prices ranged 2c to 4c lower today. Irading in this cereal was somewhat slow at the going figures. Corn ranged unchanged to YiC off. Yellow corn was 54 c off, mixed generally unchanged, and white unchanged to- J4c off. Oats were unchanged to yZc lower. : Rye was weak, while barley was 2c high er. Wheat and corn receipts today were fairly . substantial. WHEAT. No. 1 hard, 1 car, $1.60 (dark); 1 car $1.46: 1 car. $1.46 (shippers weight); 2 4-5 cara, $1.45. No. 2 hard, $ cars, $1.44; 4 cars, $1.44 (smutty.) No. 3 hard, 10 cars, 91.48; S cars, $1.43 (heavy); 1 car, $1.42 (smutty); 2 cars, $1.41; 3-S car, $1.40 (very smutty.) No. ,4 Bard, 1 car, $1.43 (heavy); I cara, $1.41; 1 car. $1.40; 1 car, $1.40 (smutty.) No. 6 hard, 1 car, $1.39. Sample hard, 1 car, $4.43 (weevil); 1 car. $1.37. , No. 1 spring, l car, $1.47 (normal. No. 1 mixed, 1 car, $1.40( durum.) No. 2 mixed, 1 car, $1.36 (durum smutty.) No. 3 mixed, 2 cars, $1.38 (durum.) Sample mixed, 1 car, $1.32; 1-3 car, $1.1$. 7 CORN. No. 1 white, 10 cars. 62c. No. .2 white, 1 car, 62c; 1 car. SS'io (shippers weight); 2 2-5 cars, 62c; 4-5 car, 51 c. ' No. 3 white, 1 car, 61c. No. $ white, 1 car, 49c (dry); 1 car, 47o (musty.) Sample white, 2 cars, 45c (heating.) No. 1 yellow, 11 cars, 62c. No. 2 yellow, 16 cars, 620. No. 8 yellow, 5 cars, 61c. No. 6 yellow, 1 car, 45c (sour.) , Sample yellow, 1 car. 36c (heating.) No.,,1 mlxd, 1 car, 51 c (near white); 1 car, 61c (near white); 2 2-5 cars, 50 c. No. 2 mixed, 1 car. 61c (near white); 1 car, 50 c (near white); 10 2-6 cars, 60c. No. 3 mixed, 1 car, 60c; 1 car, 50c (near white): 3 cars, 49c. No. 6 mixed, 1 car, 45c (musty; 1 2-8 cars, 44o (musty.) Sample mixed, 2 cars. 41c (heating musty); 1 car, 40o (heating); 3-5 car, 38c. OATS. No. 2 white, 5 3-5 cars, 36c. No. 3 white, 11 3-5 cara, 86c. . No. 4 white, 1 car, 34c. Sample white, 1 car, 34 c. No. 3 mixed, 1 car, 34c. RYE.- No. 2, 3-8 car, $1.22. BARLEY. No". 3, .1 car, 57c. r No. 4. 1 tar, 66c; 1 car, 53c. . CHICAGO CAR LOT RECEIPTS. i ' Todav. Yr. Am. Wheat , 18 10 Corn , 615 72 Oats 172 ' ' 28 KANSAS CITY RECEIPTS.' Today. Wk. Ago. Yr. Ago. Wheat 361 305 257 Corn 106 52 ; 103 Oat 18 11 12 ST. LOUIS RECEIPTS. 242 180 .........100 -204 ,.113 183 Wheat Corn . , Oats . . 144 193 54 NORTHWESTERN RECEIPTS WHEAT. . Today. Yr. Ago. Minneapolis ..v.. 402 ' 261 Duluth t.... ...... 78 . 88 Winnipeg '. 183 1G0 PRIMARY RECEIPTS AND SHIPMENTS. Receipts Today. Yr. Ago. vvneai i,sK3,ooo Corn 1,748,000 Oata 1,200,000 Shipments Wheat ....1.158,000 Corn 1,108,000 Oats 807,000 1,042,000 1,061,000 1,028,000 685,000 314,000 410,000 195.000 268.000 EXPORT CLEARANCES. 2,802,000 59,000 532,000 Wheat Corn . Oats . OMAHA RECEIPTS ' AND SHIPMENTS. Receipts Wheat ..... Corn ....... Oacs Rye ........ Barley Shipments Wheat Corn ....... Today. Yr. Ago. ...118 39 ...160 84 ... 81 21 ... 3 6 ... 4 .143 i 74 ', ' Kansas City Produce. Kansas City, June 6. Eggs lc higher; firsts, 21c; seconds, 16c. Butter Unchanged; creamery, 82c; packing, 16c. Poultry-Hens, lc. higher, 19c; broilers, unchanged, 28 38c. 'IheCool Minnesota lalies For You Ten thousand of them clear, cold, sky-blue, (ringed by balsam and spruce. The picturesque shore lines are hrnksn 'nrrn sinnnllv hv rlpnn 6andy beaches. Lake after lake is : connected by winding channels or , ' nnrtn(TM.Pflrhoirrtwltnirwnewnm more and more exquisite. An endless panorama of natural beauty. Minnesota is the place for you. Fish for the mighty musky, gamy bass or northern pike. Swim in lakes with clean sand beaches. Motor-boat to some distant island and spend the day. Surf-ride on the waters to your heart's content. Canoe through the winding channels. Hike in the bis forests where hay fever is unknown. Golf on the green links surrounded by lakes and big woods in fact, DO ANYTHING BUT WORK. Choice of luxurious hotels, cottages, log cabins or boarding houses. Accom modations good and prices reasonable. Reduced round-trip rates during the entire season. Descriptive and illustrated folder, "THE MINNESOTA Two faat steel trains to St. Paul and Minneapolis, daily MARSHALL B. CRAIG, Cen'l Agent, Pass. Dept. 1419 First Nat'l Bank Bldg. Omaha. Neb. i' Phone Jackson 0280. ' CONSOLIDATED TICKET OFFICE. 1418 Dodge Street. . - Phone Douglas 1684 whoa:; A New Tork Cotton. New York, June . An improvement In English cotton mill and coal strike news was a factor In bringing about firmness In the New York cotton market this morning. First prices showed gains of 5 to 18 points. Wall Street was a leading buyer. South sources filled the demand and prices fell off 10 points from the top and a couple of points under Sat urday close. Beneficial rains in the' western belt in creased tho disposition to liquidate, prices easing off to a net deoline of 22 points. After stop orders were uncovered, there were rallies of 10 or 12 points. Rallies met renewed Wall Street liqui dation in the afternoon, .at prices ruling about 15 points net lower. The New York cotton exchange will be closed Saturday July 2. Foreign Exchange Rate. Following are today s rates of exchange aa compared witn tne par valuation. Fur nished by the Peters National bank: Far Valuation. SO 195 Today. , .0025 .0811 .0147 .1775 3.83 .0812 .0153 .0610 .0505 .0079 .1525 .0014 .2285 .1946 .8925 Austria Belgium Czecho-Slovakia Denmark England France Germany Greece Italy .27 4.86 .193 ..4.1 :288 .195 .196 Jugo-Slavia .... Norway . Poland Sweden Switzerland .... . .27 ! !27 . .195 .1.00 Canada New York General. New York, June 6. Flour Firm; spot, firm; spring patents, $9.009.50; spring clears. $7.257.75; soft winter straights, $7.25(7.65; hard winter straights, $8.75 9.26. Cornmeal Quiet; fine white and yellow granulated, J1.85(&1.95. ' Wheat Spot easy; No. 2 red, $1.70; No. 2 hard, $1.72, and No. 2 mixed Durum, $1.69 c. 'i. f. track New York to arrive and No. 1 Manitoba, $1.87 c. t. t. track New York first half June shipment. ' Chicago Produce. i . . .. c u ...... UI.1..V. LUlkOgU, una v. -- uuiici iimuui , creamery extras, 29c; firsts, 2428e; seconds, 1723c; standards, 29 He. Kggs Higner receipts, iii,U4 rases; firsts, 2222c; ordinary firsts. 1920c; at mark, cases Included, 21 (5-22c; stand ards, 23c. Live Poultry Unchanged; fowls. 26c; Dry Goodx. New York, June 6. Orders for spring dress goods (gingham) poured in today. Cotton gooda and yarn were quiet; raw silk .firmer and. tiirown silks higher. Ke cent statistics showed an abundance of wool. Bar Silver. New York, June 6. Bar Silver Domestic,--99 o; foreign, 67c. Mexican Dollars 43 Tic , - Linseed Oil. ' N Duluth, June 6. Linseed on track and arrive, 31.840. . The Giant ENERGY Electricity ; Well selected I Public Utility Bonds are attrac tive investment. A new booklet "The Giant : Energy," tella why- we . believe this to be true. A copy will be sent to you upon request for. OB-896 The National City Company. Omaha First National Bank BIdg. Telephone Douglas $318 (fSi&) 7 . Drawn for The Bee by Sidney Smith. (Copyright, 1921. by Chicago Tribune Co.) Bonds and Notes The following quotations furnished by the Omaha Trust company: Approx. Yield Bute. Mat. Price. Pet. Am. T. T. Co. . . lis 1032 U 8.36 Am. T. & T. Co... us 1924 96 U 1 Anaconda 7s 1929 n 8.20 Armour 7s 1930 3i 7.9S Belgian Govt 8s 1941 U 8.18 Belgian Govt 7s 1845 984 7.60 Heth. Steel 7s 1923 96 8.75 British i 614s 1922 97 7.30 British 6s 1929 891i '-20 British 6s 1937 85 T.09 O. C. C. St. St. 1....6S 1929 86 8.86 Denmark 8s 1945 99 8.02 French Govt, 8s 1946 99 8.10 B. F. Goodrich 7s 1925 90 10.10 Jap. Govt. 1st 4s 125 85 8.99 Jap. Govt 4s 1931 69 8.65 Norway 8s 1940 100 '.92 N. W. Bell Tel Co. 7s 1941 98 7.15 N. Y. Central 7s 1930 100 7.00 Penn. R. K. Co 7s 1930 102 6.80 S. W. Bell Tel Co. 7s 1925 96 8.03 Swift & Co 7s 1955 94 8.60 Swiss Govt 8s 1940 103 7.70 U. S. Rubber 7s 1930 98 7.72 Liberty Bond Prices. New Tork. June 6. LJberty bonds at noon: 3s, 88.60: first 4s, 87.60 bid; sec ond 4s, 86.46 hid; first 44s., 87.64; second 4",s. 86.58; third 4s. 90.62; fourth 4s. 86.64; Victory 3s, 98.00; Victory 4s, 98.04. Liberty bonds closed: 3s, $88.20; first 4s, $87.60 bid; second 4s, $S6.64; flist 4 '4 s. $87.52; second 4s, $88.72; third 4s $90.80; fourth 4Vs, $86.70; Victory 3 s. $98:12; Victory 4s, $98.10. New York Coffee. New York, June 6. A further advance in coffee futures met foreign selling or ders today and was followed by reac tions. , The general market closed at a net decline of 6 to 17 points. July. 6.56c; September. 6.93c; October, 7.06c; Decem ber. "7.32c; January, .7.42c; March, 7.62c; May, 7.75c. Spot coffee was reported more active with quotations on the basis of 7c to 7Hc for Rio 7s and ic to 10c for 6antos 4; New York Sugar. New York. June 6. The local raw sugar market waa quiet today and as no trans actions were reported, prices were more or less nominal. A Cuban statistician cabled that 60 per cent of the centrals in Cuba have finished their grinding, showing a loss ot only 2.13 per cent from earlier estimates, and that if the present percentage con tinues for the balance of the crop, the final out-turn would be 3,964,521 tons. SALE OF ' i - ; Pure Fruit Preserves PHILIP'S BIG STORE Tuesday , June 7th,. at 9 a. m. This jam i of the finest quality, Houscwifa Brncl,inad by en of the most reliable manufacturers in the country. Nothing but the best and purest ingredient used in the making of that Preserve. Many different flavors, includ in g, Apple, Cherry, Rasp berry, etc., etc On Sale OfJ CtS. fefd) a Jar You will say it's the finest jam yon ever tatted. Illllllllllllllllllllnnil 24th and O Sts. Ask for jtiCcreeji Trading Stamp GRAIN- t 117 E solicit your consignments of all kinds of, grain to the Omaha, Chicago, Milwaukee. Kan sas City and Sioux City markets. -We 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 Police Hold Two Men ; After Woman Is Found , Dead From Poisoning" Eleanor lloia, 5235 South Twcti--. ty-loiirth street, was found deadin ' bed early .Sunday morning by Joe-; Elia. according to police reports. with Lariia Micka lying beside U.u body in an intoxicated condition., Elia attempted to rouse the man and. summoned police. ' " John Hoza. brother of the dead ; woman, told the police he saw his., sister and Micka together, intoxi cated. Snturday, and that Micka -slapped the woman during an alter--, cation. ,' . , , . ' ' Elia and Micke are held ( by the police for investigation. An inmiest probably will be held. All the per sons concerned are Roumanians. i ' Dr. Sam McClencghan, coroner physician, held a post mortem on the body of the Hoza woman and reported he found traces of bichlo ride of mercury poison in the stom ach. Detectives reported they had learned she was in good health Sat urday night. .... A coffee pot, in which police say Elia made coffee Saturday night, was found concealed in a closet with a cup and a glass. The contents art held for possible chemical analysis. The Hoza woman was 40 years old.' Lone Negro Holds Up Man al Twenty-Sixth and M Street! Gus Buhnow, 2712 M street, re-, ported to South Side police he was held up and robbed of $3 Sunday night by a lone negro bandit at Twenty-sixth and M streets. ilofiDea in emeiery Mrs. Margaret Schram, Chalco, Neb., told South Side police her purse, containing $20 cash and $140 -in checks, was stolen while she was at St. Marys cemetery yesterday. . jjrownea man xaenuncu -;-, A body found floating in the Mis- . ennri rlvr ittst rmth of Mandan park Sunday, is said by South Side police to be tnat ot Laiayeiie iutk, 1107 South Twenty-third street " South Side Brevities A fur neckpiece between I3d and S4th on M St., finder call Mar. 18. Reward. - We wish to thank our friends and neighbors and the employes of John Roth & Son, the postofflce employes at South ... Side station and the pupil of Jummau. . school for their expressions of sympathy In the death of our nephew and brother, v Albert M. Slegl. Mr. and Mrs. Edward Svavlno and family,' Albert Slegl and " family. . Chicago Potato. Chicago, June f. Potatoes Easier; re ceipts, 161 cara; new southern Triumphs, 33.60 cwt.; Alabama flpauldlna; Rose, 32.60 rwt.; Louisiana long; white, 31.26 cwt; . Virginia, $6.60 per bbL; South Carolina, 36.26. .. Spend your vacation In Minnesota this year, Write today for Aeroplane View Map. Free on request. ' Ten Thousand Lake of Minnesota Assn. 736 Ryan, Saint Paul Adr. These Piire Fruit Preserves have always regularly sold for 50c a jar. r Sooth Omaha They are Grrm WHa Geneva, Nebraska Des Moines, Iowa Milwaukee, Wis. Hamburg, Iowa Kansas City, Mo. sr..