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..
