THE BEE: OMAHA. SATURDAY, JUNE 11. 1921.
15
Two Noted Men
Decline to Head
Shipping Board
oovcrnmcni looses, iut indus
try Gains by Refusal of
James A. Farrell and
Walter Teagle.
Market, Financial . and Industrial News of the Day.
By
HOLLAND.
Walter Clark Teagle, president of
the Standard Oil Company of New
Jersey, and James A. Farrell, presi
dent of the United States Steel cor
poration, have declined, each in turn,
President Hardins's somewhat ur
gent appeal that the chairmanship of
the shipping board be accepted. A
little over a year ago one of the
great minds of the financial district,
a man of many years' experience and
of reputation upon which there is no
shadow of reproach said, "Now that
the period of readjustment has come,
this government needs its ablest men
in various fields, but I am afraid we
cannot get them, because they are
needed in our industries, finance and
commerce.
This remark applies with singular
aptness to Mr. 1 eagle and to .Mr,
Farrell. Each of these men who are
now doing great things in the line of
constructive work is more greatly
needed by the industries with which
he is associated than by the govern
ment.
rrnidrnt A(rer.
After Mr. Teagle hart spent an hour or
two with President Hariiuiar and nftrt
given to him the reasons why ha deemed
t Impracticable to Bteept appointment aa
hairman of the shipping board, h discov
red at once that th president was in
full agreement wiih tlm. Mr. TeasMe wis
eported to have said soon after hia meet
nic with the president was ovor that the
ineations ot future petroleum supplies and
he fforts of foreigners to exclude this
ountry from rich oil fields, have de
veloped problems of the utmost impor
'lance. In the solution of these problems,
,lr. Teagle. Is now engaged to the extent
pt hl ability. Tr.ererore, annougn, ne
would have made any personal sacrifice in
kirder to accept President Harding s In
vitation to become chairman of the ship
ping board, yet he felt that it Is of
hither Importance that he continue m
the work which he Is now doing, holiving
that the prosperity of this country Is
Ivltally Involved In the maintenance ana
ncrease of the petroleum industry, in
hi. informs! and unassuming manner,
Mr. Teagle reveals a characteristic which
nas Deen, In. occasion ot mucn cunuiR-i
taint, n hecsme. three and one-half years
igo, at the age of 39, president or tne
.Standard Oil company.
What He lias Done.
It would he InA nnrorrlate to speak of
Mr.- Teazle' achievement as preaident of
the corporation whlcn lasi year net proi-
tta of I1S4, 000,000, wucoui mso aiiuaing to
the perfect eympattry which has been es-
ahiiBhert between mm ana in- uuniiman
,f th hoard A. O. Bsdfard. They have
agreed upon 'several mattera which have
lieen ot algnmcani departure irum iii,-
ds heretofore enarai'ierisiic ni me gnu
.rn nil rnmnnnv. Thev have united in
..pouring cordial co-operation, between the
Lmnlnves end the management. Both: look
r,nnn thnip amninvni not. merely as serv-
V... mm v.n anA WnlDuR WnftllV Of
ffllt., UUV CIS ,vi n.iu ..------
an consult--aviuii.
Tnpv nivi milieu m piawiioiii"
change whereby the Standard Oil company
of New Jersey IS now not oniy a purvuna
cr of petroleum, buying enormous amounts
of It for use In their refineries, but has
also become large producer. Their phi
losophy of the oil Industry of .Oils day
involve not only refining, but production.
They are causing the world to be searched
for oil. They are establishing oil producing
fields in Peru. The oil fields of Columbia
and Veneiuela are to be at their com
mand and by and by. if present-day fore
casts are accurate, tney win oe onuimw
oil from the suspected vast fields which
lie north of the Arctio circle.
World's Struggle for Oil.
.re -irr TI and Mr. Bedford are
tff-atnl the. attempt which is made by
foreigners to exclude in nineu .n.ia
from the oil fields or tne worm win yum.
4a nanoht In l,r, IT IR T nlB CUQIUill B
tinr, .nrt '.tmczla which persuaded Mr.
Teagle that he could not in Justice to
this country abandon, although tempor
oriiv the. Mtallv important business upon
which he is now engaged. He is not
seeking to exclude the foreigners, hut he
does purpose If he receives cthihui
,,r.n,r Vrm th en vsrn rtient to establish
fair plav both for foreigners and for the
American oil Industry.
This is constructive work. It diffeis
from th duties which the chairman of
the shipping board must accept because
he will have no other business than the
marketing of the ship. The constructive
work needed for the creation ot great
shipping facilities was carried on under
the direction or unanea
t But Mr. Teggle. Mr. Bedford and also
in another line, Jsmea A. Farrell, act
ing in full sympathy with Judge Gar,
ra now occupied with constructive work
which will lead to the permanence
nd increase 01 mo mi ..,":-. .
Therefore, while the government does
toot get men whose "enlevement con
spicuously identify them with those who
are of the besf minds of this day, never
theless the people will gain b ause
President . Teagle and Preaident Farrell
hava declined President Harding offer.
The president may find a man who la high
ly competent to undertake the work of dis
tributing the ahlps. H. would search the
country over without avail to discover
men whose association with two of our
greatest industries the oi and
of such -value to these industries ss is
the. case with President Teagle, Chair
man Bedford and Jamea A. Farrell.
Bradstreet'a Trade Review.
New York, June 10. Bradstreets totnor-
w'Ka industry ar. irregular and
cross currents are numsrou with .no two
adjacent markets returning
same reports. Wholesale and - Sobbimg
business show, an increase of mldseason
quiet and Industry has rather lackened
with collections about as slow as at any
time since mid-winter. Retail trade is
about good as at any time this year
and crop reports are Quite uniformly
favorable. The biggest winter wheat
growing areas report better conditions
than at the date the latest government
report. . ,. . ,
"iTnamniovment returns show, a slight
increase, due rather to strikes than to
forced shut-downs. mere is. timrn.
owever. that better Judgment is aiciai-
.... . ... mmAtimmA WAft-M
ng paniai accepianvB v, .w. o ,
this especially in tne ounaing iraao.
Weekly bank clearances. ,on,u.io.uv.
Live Stock
Receipts were
Official Monday...
Official Tuesday...
Official Wednesday
Official Thursday.
Kstimate Friday
Five day thla week 2.7
Same day last w'k 2 MO
Sam days 3 w'a a'o is 4M
Sntn days 3 w'a a'o r.20a
Same days year aro 19, TH
Omaha. June Ifl.
Cattle Hogs Sheep
III t,14 s.TOS
J0.;43 .27S
11.314 M7
11. SOU tUSl
io.mo s.sne
M.iflJ
il H! 2M4I
7 41 24. S;
41 .Sol 2,SS
7,:25 21.T12
1,(43
7.45
4.532
MM
Receipts and disposition of lire stock at
the Union stock yards. Omaha, Neb., for
24 hours ending at s p. m . June 10, 1921:
RECEIPTS CARS.
C. M. A St
Wafcash R. R
Missouri rnclfin R-.
Vnion Taclflc R. R,. IS
C. A N. W. Rv., east 2
C. V N. W. Ry.. west 25
C, St. P.. M O . . l
t"., B. A Q. Rv., east S
C, R. Q. Ry west
C, R. I. P., east.. 5
C.. R. I. P.. west. ..
rillnois Central Ry.. 1
C, G. W. Ry -. ..
Cattle Hogs Sh p Mules
P. Ry.. 1 i
3 .
4
5!
2
52
Chicaigo Grain
Financial
By CHARLES D. MICHAELS.
Chirago Tribune-Omaha Bee Leased Wire.
Chicago, June 10. Wheat - suf
fered a sharp reaction after mid
day, due to profit-taking by a lead
ing local long. This selling caused
a break to the previous close, but a
slight recovery was noted on cover
ing by jiit shorts. The close was
1 14 1 Ti c iiigher. Corn held better
and finished !g3ic lower and oats
declined JSCcCjoc. Rye was HglJic
10
:
4
2
2
1
12
Xew York Coffee.
New York. June 10. The market for
coffee future waa lower today. It looked
a though recent advance had eased the
technical position to some extent, while
realising was promoted by the somewhat
unsettled showing of Brasil and reports
of an unsettled tone in the stock market.
.The market opened at a decline f 2 to
point and the active month sold II to
14 point net lower during the day, with
September declining to 6 99c, or about 22
points from yesterday's high level. That
delivery closed at the low point with the
general market showing a net decline of
11 to 14 points.
July, .60c: September, S9c: October.
7.12c: Tecembr, 7.37c; January, 7.46c;
March. f.SSc; May, 7.80c.
Spot coffee was reported in fair de
mand, with Rio 7a quoted at 7 to 7?c,
and Santo 4s at 9 4 to jOc.
St. Joseph Live Stock.
St. Joseph. June 10. Cattle Receipts.
SSO head; market steady; steers. 6. Soft
S.SS; cows and heifers, fl.00SI.2S: calves,
I8.00.00.
Hogs Receipts.- t.OOO head: market 10
T20o higher; top, 18. C5; bulk, 87.766
8.00.
Sheep and Lambs Receipts. 1,000 head:
market steady; spring lambs. I1I."00
U.lh: clipped lambs, $9.00f9.60; ewes,
8J.OO0J.6O.
mmmmm mm
Uberty Bond.
New York. June 10. Liberty bond
price at noon: JVjs. 88.90: first 4s, 87 80
bid: second 4s, 88.74: first 4s, 87.91:
second t, 87.00: third 4U. tl.40: fourth
4 . S7.10; Victory 99.28 bid; Vic
tory 4. 98.80.
Uberty bonds closed: Jt,s. M 70; ftrt
4s. 87.80 bid; second 4s. 8S.84; first 4is.
ST.iO; second ,, 8S.94: third 4is, 91.81;
fourth 4Us, IT. 14; Victory 98.40:
Victory m 40.
Sew .York Sugar.
New York, June 10. The raw ugar
market was unsettled again today. No
transaction were reported, bu: a sale of
24,000 bags of Czecho-S'.ovskiB refmeti
cube at a price equivalent to 4 lSe, duty
Paid, for 9S 4est centrifugal caused bid
ders to lower their price and at the
close Porto Rico were Quoted at 4e bid
and 4 --to asked.
It win be necessary to again refine the
vxccho-SSc-vakia cube In order to make
um &tlXor.tb AQtrlcaa market. ,
1799
2157
910
1397
IKS
1732
6
Total receipts .... 75
DISPOSITION HEAD.
Cattle Hog
Armour Co
I'udaby Packing Co.
Dold racking Co
Morris Parking Co..
Swift Co
J. Y. Murphy
Swart A Co
Wilson Packing Co..
M. Ctlassburg
Midwest racking Co.
P, O' Dea
.Ihn Roth A Sons..
John Harvey
F. P. Lewis
I. B. Root & Co....
Sullivan Bros
Other buyers ......
Ogden Pkg. Co
12
42(
383
4')
41S
804
.11
12
7
'S
104
14
73
1
22
Sheep
694
820
44
202
42
Totals
.2230 10109
759
2821
'oderats fri
ll p abou
Cattle The usual verr
day run of cattle sh
1.900 head and def , , trom all so irees
was better thai usually Is so la e i
the week. A - a unnequence he marke
waa sell .ind atvong to lpffrl.'ic higher
man l nursoay on anything at all desir
able in tne way or peer. Best Band
weight steers oM around 38.10618.4
with a few at 88.80. and bst of th
heavy cattle sold around $7 903.2l
Compared with a week ago closing prices
tni.H week are fully steaoy and in som
cases a little stronger. Cow and heifers
were in limited supply and practically
steady for the day and week and the
same was true of stockers and feeders,
Quotations on cattle: Choice to prime
beeves. JviojrH.oO: good to cho ce beeves,
J" 768.00; fair to good beeves. J7.60
7. ,5: common to fair beeves, J7.00f)7.5u
choice to prime yearlings. f.8.1S98.sO
good to choice yearlings, l..!0W.lb; fai
to good yearlings. $7.25tr7,75; common to
fii'r yearl'.Mgj, J6.757.:5: choice to prime
heifers. 87.2S07.75- good to choice heir
era. Jfi nn7.25: choice to prime cows.
8t 2dn.7o: good to choice cows, sd.,8
6. IS: fair to good cows. I5.OO0S.75; com
mon to fair cows. $.1.00$ff. 00; good to
chrire feeders. 17.25(97.75; fair to good
feeders. 1.60w7.3s: common to fair feed
era. J(S0Oi6 60: good to choice stoekersi
I7 25'7.76. fair to good stockevs. 8S.50W
7.26: comnn to fair stocker, Jo.ooa' t
stock heifers. S4.504J8.00; stock cows
.!.504175: etock calves. J5.OOQ7.50; vea!
calves, $5.00$rS.OO; bulls, stags, etc.. 14.00
6.00.
BEEF STEERS.
Av. Pr. No. Av.
.. 833 7 25 S7 878
..102? 7 75 28 1308
..1180 8 10 21 150S
..1087 8 25 103S
STEERS AND HEIFERS.
No.
12.
19. .
43..
12..
16..
11...
5...
10...
33...
22 80 7 10 15 7B
24 080 7 75 12 939
30 748 8 15 22 1003
YEARLINGS.
7 60 15...
g 10
COWS.
4 00 8..i
6 75
HEIFERS.
85
STOCKERS AND FEEDERS.
483 6 00 Is to
BULLS.
4 35
CALVES.
8 25 12 202
irnfs With 10.(00 ho on sale
morning a good demand existed for light
and handy butcher hogs on the early
trade at price mostly 15c higher. The
larger packer refused to put up mixed
droves at tnv advance, however, and
prices for ordinary packing grades finally
settled to a steady to strong basis. After
first rounds trading was very quiet, with
the market as a whole quoted steady to
15c higher. Best Hgnt nogs loppea at
18 03 with bulk of the receipt eold from
J7.SO7.86. ,
Pr. No. Av.
927
671
. 92-d
.1039
828
.1650
. 240
No. Av.
60. .Sll
43. .325
66. .283
66. .265
68. .244
74. .283
57 192
18J
Sh.
210
110
70
70
70
40
.1
7 25
7 35
7 45
7 55
7 65
7 75
7 85
7 95
54. .309
65. .305
53-.. 288
72. .239
76. .227
75. .215
46. .241
72. .206
Sh.
70
70
180
40
Sheen and Lamb Only 3,200 sheep nd
lambs were here today and average
quality of th offerings wa not very good
Packers were in no hurry to place bids
slow trade on all
classes of stock with trend to values
lower. Lambs, both springers and corn
feds, had to sell at declines or aoouo ovu
mm tum ,hMn w nuntablv steady.
Good native springers brought $11.50 and
western springer were quoted up to
J12.00i813.25. - Shorn ewe are worth up
8oring lambs,
J10.00fl12.25: shorn lambs. 19.004J10 60;
ehorn ewes, 2.753.76; cull ewe, il.so
02.50.
rhioago Live Stock.
rhicaio. June 11. Cattle Receipt,
e nun. nniniiv steady: top beef steers,
$8.85; bulk, $7.7!S.50: bulk fat cows and
heifers. &.00W7.ou; canners ana -'"'"
mi, hulk hologna bulls. 14.50
4.85: butcher bulls, J5.60Si6.50; DUlK veai
calves. $9.0009.75. -
. Hogs Receipt, 27,000: opened active,
in in 15c hltrher than yesterday's average.
Closing, better, grades weak: Dinars wnn
most aavance iosi. noia-over imny lib
eral: top, $8.35: bulk, 38. 0508.30; pigs,
stesdy to 10c higher; bulk desirable pigs,
$9.20tS.25.
Sheen and Lambs Receipt. 10.000;
lamb closing 25 to 600 lower: sheep weak
to 25c lower; native apring top. early, to
city butchers, $12.76; packers' top, $12.50;
bulk. $11.60912.26; Washington yearling
lambs. 19 75; wethers, la.to: ewea, 4.7
bulk fat native ewes. 83.254.00.
Hot I higher and barley unchanged. Pork
was up lUc, lard, lOgl-c and
ribs, 2?'jc.
Local cash sales were 10,000
bushels of wheat, 128.000 buushels
of corn, including 100,000 bushels to
exporters; 232,000 bushels of oats
and 1,500 bushels barley. Sales of
200,000 bushels of contract oats
were reported to go to store. Cash
wheat premiums were unchanged,
while cash corn and oats held
steady. Seaboard reported some
Manitoba -heat worked, but that
the general demand was slow.
Wheat exhibited much strength.
Holders appeared to recain confi
dence in the bull side of the market
when they learm-d that their sup
position concerning unfavorable
Springfield developments was un
founded. There was a general rush
to buy by commission houses at the
start, while locals stemmed the up
ward rush of prices. However,
they were soon forced to cover.
Short Interest Timid.
Later resting orders to aell checked
the bulge, but shorts were timid and
i hey rushed to cover at any little show
of strength. Sentiment Is a little more
mixed. Some of ihe original bulls believe
the bulge sufficient in view or tne un
settled exchange market and the pessi
mistic industrial outlook and they ex
press themselves Inclined to be bearish
but with thoivminds open to conviction.
Crop experts seem to find discouragement
in crop outlook wherever they go and
reports of travelers for local concerns were
pessimistic. Northwest conditions were
ideal for spring wheat. Cables were slow
and the export demand waa poor. Local
receipts were estimated at 20 cars. Ex
porters bid 38c over July, c. I. f., Mon
treal, for No. 2 hard winter wheat, ship
ment in 10 days.
Corn was Inclined to drag. The strength
In wheat induced a little short covering,
but the bigger .commission houses ap
peared to have corn for sale on every
upturn, The low point in the market ap
pears to be close-at hand. It is learned
that over 6,000,000 bushel of corn is in
the process of loading or will be loaded
out on vessels to be shipped to eastern
seaports for export and this will tend to
cut down the atocks to a healthier vol
ume. . ,
Lower price levels were witnessed in
oats. There was persistent selling of
September delivery by commission houses,
some of this being credited to eastern
account, and locals were inclined to fol
low these operations in view of the easi
ness in corn.
Pit Note.
Julv wheat Is 9o under Chicago, the
widest difference so far. according to a
Kansas Citv message to Thompson-Mc-Kinnon.
and considerable country selling
was reported. Two line houses sold about
150.000 bushels July and aid country of
ferings were increasing.
The weekly Oklahoma crop report said
that the weather had been fine for crops
the last week, with wheat and oats ma
turing rapidly. Condition of wheat is
uneven with oats generally poor.
No i red was 3c better than yesterday,
relatively for five days' premiums, 23c.
oVer Julv being bid. Generally the cash
market was strong. Shipping demand
moderate, but there is little wheat now
running to Chicago.
The wheat market showed complete
Independence of the coarse grains nd the
disturbing features in the general com
mercial and industrial situation also were
ignored. The eastern interests that have
been conspicuous on the buying side for
some time past on the dip and the-mar-ket
responds easily as local traders are
not inclined to be aggressive. According
to Kansas City, it will take, 25.000. 000 bu
shels of wheat to fill th Gulf orders
for the next six week and Gulf bid are
considerably above Chicago basis so that
the territory Chicago will draw from this
year will be limited apparently. nn
ceint of wheat at th Gulf and Atlantic
port show no falling off.
nennetr crop expert, r. r. inumiriuii,
wired from Omaha:
"Examined several fields of wheat in
the vicinity of McCook. The stand gen
erally is thin and short, but ha fairly
large head and with th favorable weath
er for filling, tha section should aver
age 8 to 10 bushels. Corn is a good
stand but small and fields need culti
vation. Oat acreage email, although
th few fields examined are heavy stand
and will yield an average crop.
French crop conditions reported im
proved appreciably: according to an of
ficial report of June 1. Recent drouth
conditions' do not appear to. have dam
aged the wheat crop materially.
Receivers generally reported light ac
ceptances of bids on corn and oats sent
out last night, the country not being
disposed to sell on the break. However,
there appears to be enough (tuff to keep
up liberal receipt for some time. Far
mer are endeavoring to have an im
port .duty of tbout 45 cents placed on
wheat.
On the decline support in way of rest
ing orders wss encountered and later
profit taking developed, but thi made
no material Impression on value. Re
ceipt were liberal, the eetmate calling
for 170 car.
Rye was strong with cash No. S selling
at $1.45.
Barley ruled easy but unchanged.
Malting told at 88c. Sales of 1.600 hn.
aneis were msoe ror snipment,
Pr
7 60
8 00
8 15
8 60
7 70
7 85
$ 20
802 7 65
902 4 75
7 60
8 50
this
Pr.
7 80
7 40
7 6
7 60
7
7 80
7 90
8 05
Kansas City Live Stock.
Kansas City. June 10. (TJ. 8. Bureau of
Markets.) Cattle Receipts. $00 head;
beef steers strong to 15e higher; top,
$8.49; other sales. $8.2598.36; Texas
teer. $7 36: all other classes steady, but
more active: clearance good; few cowa.
S.JS04.7O; boik, i4.00Qt.25; Texas hulls,
4.00; medium Texas yearling stockers,
5.85.
Hogs -Receipts. S.SOO head; market
pen to shipper and traders s round 10c
higher; close active, 104720c higher; best
lights and meddium to packer. 88.00;
50 te 2sn-poun(l averages. 17.75B7.80;
bulk ot sales. $7.7507.90.'
pneen and I.amb Receipt. 2.oon neaa:
round one-half receipt direct to packer;
odd bunches ot native ewes steady; lamb,
mostly 25o lower; native sprint lam,
$11.75.
Sioux City Live Stock.
Sioux City. Ia.. June 10. Cattle Re
ceipts $14.00. market strong: fed steers
and yearling. $.008.4; tat cow and
heifer, 4. 56 8 00; canners, $1,714)4.25;
veals. $J.003J5; calves, $4.6097.00;
feeding cows and belter, $3.50416.00;
tockers, $5.007.00.
nogs Receipts, i.ooo head: market
steady, 15o higher; light, $7.758.00
mled. $7.607.76; heavy, $6.75.50;
bulk. $7.4097 85.
Sheep and Lambs Receipts, 2.50; mar
ket steady.
Bonds iind Notes
The following quotation furnished by
th Omaha Trust company: Approx.
Tieia
Price.
...97
... 95
... 98
Am. T. A T. Co. s. 192J.
Am. T. & T. Co 6s,,1924..
Anaconda Vs. 1929
Armour 7s. 1930 9;,i;
Bolgian Govt." 8s. 1941 98H
Belgian Govt. 74s. 1948 rSH
Bethlehem Steel 7s, 1923 95ii
Brltish 64s. 1922 7i
British 54. 1929 87
British (4s. 1917 63i
C. C. C. A St. L. 6s. 1929.... f.m
Denmark . 1945 9i
French Govt. s, 1945..., 98
B. F. Goodrich 7s. 1925 S0
Japanese Govt. 1st 44s, 1126 844
Japanese Govt. 4s, 1931 S4
Norway 8s. 1940 .1"0H
N. TV. Bell Tel. Co. 7s, 1941.. 98 4
V T. Central 7s. 1930 io
Penn. R R. Co. 7s, 1930 102
S w. Bell Tel. Co 7. 192$.. 954
Swift A Co. 7s. 19f8 4i
Swis Govt. 8. 1940 ln"
V. S. Rubber 7 4s, 1330 9'4
Wemngaau Elfio, 7. 1931... tSb
Pet.
8 05
7.90
8.20
7 95
8.20
7.68
9.05
7.10
7.60
7.22
8.36
8.08
8.18
10.10
9 20
8 0
7.91
7.15
7.00
6.80
I 03
$ 42
7.70
7 70
7.20
CHICAGO CLOSING PRICES.
By T'pdike Grain Co. DO. 2627. June 10.
Art. Open. I High. Low Close. Tea.
Wht.
July
Sen.
Ry
July
Sep.
Corn
July
Sep.
Oat
July
,1 I I I
1.364 J.39, 1.3541 1.36
l-3 I: 1.364
11, 1-20H 1.11 1.184
. 1-1H !, ! 1.18
L274I 1.3014! 1.27 4! l.!l 1.27
1.104 I.IO4! l.OSUi 1.0841 107
1.S5
1.344
1.171
1.174
I
.62U! .621,1
M T '.
.6$ ' .624
2
.61,! .62 I
I .62 41
.62 41 .6241
Sep.
.87 8i!
.394
.8741
.7Sl.
.394
.3914,1
Pork f
July 117.60 117.60
Lara
I S.IO
10.13
July
Sep.
Rib
July
Sap.
110.25
110.60
I 9.95
I10.J0
flO.25
110.62
I
r:
.62
.624
.63 4
.634
.374
.37
.394
.39 H
$0 117.60 117.50
.37 I
.874
'.'$
80
10.12
110.17
'10.42
I 9.85
110.30
Il0.lt
110 42
( .7S
110.07
ho.is
110.40
Minneapolis Grain. ,
Minneapolis, June 10. Flour 20o to
JSe higher. In carload lota family quoted
at $9.70 9 $.76 a barrel ln 98-pound cot
ton saoks.
Bran $16.00.
Wheat Receipt, 264 car compared
with 16$ cars a year ago: cash No. 1
northern. $1.61 (91 66 : July, $1.36-
Corn No. S yellow, "S2r.
Oats No. 3 white, 33'fj!334e.
Barley 46 62c.
Rye No. 1, $1.341.35.
Flax No. 1, $1.874 ftl.S94.
St. Loots Grain.
St Loui. Jun 10. Wheat July, f LSI
bid; September, $1.15 bid.
Corn July. 69 Ho asked; September,
614n bid.
ot July, : September, a4.
Kansas City Grain.
Kansas City. June 1 Close: 'vrhett
July. $1,27 4; September. $1.11.
Corn July, 60c: September, 57e.
Omaha Hay Market.
Prairi Hay Receipt very light. Lit
tle demand. Price remain firm.
Alfalfa Receipt very light. Very little
demand. Prices lower on better grades.
Straw Xo receipt. Fair demand.
No. 1 upland prairie hay. 812 to $13;
No. 2 upland prairi hay. 89.50 to $10.60;
No. S upland prairie hay. $7 to $9. No. 1
midland prairie hay, $11 to $12; No. t
midland prairie ha. $8 to $9; No. 3 mid
land prairie hay. $6.60 to JT.50. No. 1
lowiana prairie nay, j 50 to 19 50; no.
lowland prairie hay, $ .50 o 57.60.
Choice alfalfa. $19 to $20.50? No. 1 al
falfa. $17 to $18; standard alfalfa, $12 to
U: No. 2 airaifa, $1 to $11; No. 3 alfalfa,
i TO I.
Oat straw. 93 to 19: wheat straw. 17.50
te $8.
London Metal.
London. June 10. Standard cepper. 73
2s f,d; ?.ect,-olytic, 77, tin, IHj 17 6d:.
lead, ill it ii; gmc.i7, '
SbcNttoJJarkSimtfl.
! By ALEXANDER DANA NOYES
i Chicago Tribune-Omaha Bee leased Wire.
j N'ew York, June 10. There were
i some signs on today's markets of a
i more orderly movement of values
! and the different markets moved less
J in unison than the day before. For
j eign exchange recorded with an
early 3 3-4c advance in sterling
above Thursday's highest rate.
In the early hours the stock mar
' kct advanced substantially but the
aavance naitea at mia-oay win sud
sequent renewal of selling by profes
sional speculators. It closed with ir
regular net changes, losses predom
inating and running in some indus
trial shares to 3 and 4 points.
Call Money Easier.
For the first time in nine weeks call
money failed to go above 6 per cent all
day. It should bB remembered that much
of the recent agonizing experiences ln
both security and commodity markets has
embodied the troublesome task of read
justing and repaying a hug and un
wieldly mass of overdue indebtedness and
that the strain on tha money situation
should grow less as these readjustments
are completed. The early strength In ex
change on European markets was follow
ed late by renewed declines which, how
ever, left most of the rates at a moderate
net advance.
The steel corporation's "monthly state
ment of orders on its books, to which a
good deal of attention is always paid as
a sign of industrial tendencies, showed a
decrease of 362,737 tons. Considerable re
duction was to have been expected: in
deed the Iron Age's estimate at the end
of May that the company was operating
at 38 per cent of capacity while new
order were running below 20 per cent
would have warranted a still larger
shrinkage on the order books. As it is.
the reduction of May Is the smallest of
any month since August, 1920.
Boston T00I.
Boston, June 10. The Commercial Bul
letin tomorrow will say:
"The demand for wool in the seaboard
markets this week has ben of a spotty
nature. Prices are holding generally
steady. In the west there is rather mora
buying at about the same level of clean
landed values as noted a week ago. The
situation at the mills is healthy and some
manufacturers are figuring already on
the new lightweight goods."
Scoured basis:
Texas Fine 13 months, 651975c; fine
8 months, 5056c.
California Northern, 70Sr76r: middle
county, 6oS?68c; southern, 6055c.
Oregon Eastern No. 1 staple. 78 19 JOc;
eastern clothing, 6063c; Valley No. 1,
65! 70c. Territory: Fine staple choice,
S01jiR5c; hRlf-blood combing, 70472c; -blood
combing. 48(3' 62c: quarter-blood
combing, 38H2c; fine and fine medium
clothing, 60!?ti3c.
Pulled basis:
Delaine. K590c; AA., 75j85c; A. su
pers, 60JT0c.
Mohairs: Best combing. 27ff30c; best
carding, 22ffl:5c.
New York Quotations Omaha Grain
Rang of price of the leading stocka.t
furnished by Logan Bryan, Peter Trust
building:
RAILS.
Thursday's
High. Low. Close. Close.
A , T. S. F SO 784 74 74i
! B & 0 38 374 38 J74
;cnadin Pacific. .111 4 1104 1104 111
South Side
474
f4
N. V. Central 68 67 4
: Ches. & Ohio, 664 664
i Erie U IIS US
; ot. Nor. pra 674 6
I Chi Ot. West 7 4 74
i Illinois Central.... $94 894
M., K. T 34 24
K. C. Southern.... 144 23
Missouri Pacific... 20 S 19 4
New Haven 171 16 4
66 4
66
IS
6U
74 .
694, $
24$t $4
23 4 24 4
lS
17
Northern Pacific. 69 4 664 67 4
C. & N. W'..
Pennsylvania t..
Reading .......
C, R. I. A P....
Southern Pacific
Southern Ry..,.
C. M. St. P..
I'nlon Pacific ..
Wabash
20
17 4
68
64
34 4
64 4 63 4 64
S4 4 34 4 3 4 4
68 664. 644 67S
314 30 31 31
724 734 724 72H
, . . 14 194 14 194
... 264 26. 26 264
...117 1164 1164 116
... J IK 74
STEELS. .
..126 1234 123 124
... 33 32 32 324
.83 4 82 4 83
23
764
63
81
27H 27S 274
62 V
23 it
76 76
624 624
614 61 4
Tiiruentine and Rosin.
Savannah, O.a., .Tune 10. Turpentine
Firm; 56c; sales, 250 bbls.; receipts. 3S6
hhls.; shipments, 363 bbls.; stock, 7,267
bbls.
Rosin Firm: saies. 58 casks: receipts.
958 casks: shipments, 358 casks; stock,
77 308 casks
3uote B.'p.. $3.75 !g''3.80-: E. F. $3.75
S.85; O., $3.753.90: H.. J3.75fl4.00;
I. $3.?04.10; K $4 30; ST.. $5.00; N.,
$5.50; WO., JH.25: WW., $8.90.
New York Cottun.
New York. June . Tha cotton mar
ket was very quiet at the opening. Liver
pool was relatively easy, but reported
continued good prospects for an early
ending of labor troubles, both in the
coal mines and cotton mills.
There was a renewal of .lu'.y liquida
tion which sent the price off, but -it was
absorbed against sales of new crop posi
tions. Otherwise there was no special
trading feature.
London Wool.
London, June 10. The offerings at the
word auction sales today amounted to
9.500 bales. Bidding was active and
home and continental buyers quickly ab
sorbed all offerings at prices In seller's
favor with the best grade of merino
th firmest.
Am. C. F...
Allis-Chalmers
Am. Loco. Co
Utd. All. Stl. Cor. 24
Bald. Loco. Wks.. 78
Beth Steel Corp.. 58 8
Crucible Steel Co.. 624
Am. Stl. Fdr.... 28
Lark. Stl. Co 41 40 404 41
Mid. Stl. & Ord... 24 244 "S 24
Psd. Stl. Car Co.. 79 78 78 7
Rep. I A Stl. Co.. 494 484 494 48S
Ry. Stl. Spring.. 82 82 82 S3
S!.-Sh. Stl A I.... 354 S 5 4 36 4 36
U. S. Steel - 774 764 78 764
COPPER9
Ana. Cop. Min.... S8 S 37 4 38 4 37 4
Am. S. & R. Co.. 384 374 34 S?
B & S. Mln. Co.. 124 12S 124 ....
Chile Copper Co.. 11 104 11 104
Chino Copper Co.. 244 234 2'V JV
Insp. Cons. Cop.. 33 324 '24 824
Kennecott Copper. 204 19 204 1$
Miami Copper Co.21 204 21 21
Nev. Con. Cop. Co. 11 104 104 11
Ray Con. Cop Co. 13 124 13 124
Utah Copper Co.. 60 47 4 49 4. 8Vi
INDUSTRIALS
Am. Beet Sugar.. 304 804 304 304
At. G. s W. I. S. 8. 32 254 26 4 32 4
Am. Inter. Corp... 36 4 34 4 85 4 35
Am. Sum. Tob. Co. 68 67S 671 674
Am. Cotton Oil... 15 174 174 18
Am. Tel. &' Tel. ..104, 1044 104S 1044
354
47 4
474
35 4
38 4
48
2S4 374 274 274
i"4 ss 4
36 4 35 4 35 4
124 US 114
56 56 4 65 4
41 "4, 39
64
654
51
40
644
614 61S
12S 12S
36 4
12
66
384
65
514
13
.1284 1274 1274 1284
274 !Hj 274 274
10
34 4
9 4 94
83 S $4 4
844 $4V
614
144
68 4 55 4
34
374
60 60
144 144
68 "U
34
34
354
124
134
24
9'j
344
854
65
60
14 V,
67 4
34
264
36 4 36 4
74
'344
124
1S4
26 4
7S
124
3
294
74
Am. A. C. P. . . 38
Bosch Magneto
Continental Can... 49
Am. Can
Chandler Motor .
Central Leather. .
Cuba Cane Sugar.
Cal. Pkg. Corp..
Cal. Pet. Corp...
Corn Prod. Rfg..
Nat. E. & S
Flsk Rubber IS
Oen. Electric...,
Gt. Nor. Ore...,
Oen. Motors
ISnodrlch
Int. Harvester...
H. & B. Car....
V. S. Ind. Alco..
Int. Nickel
Int. Paper
Island Oil
A.iax Rubber....
Kelly-Springfield
Keystone T. & R.. 12 4
Int. M. M 134
Max. Motor Co 2i
Mexican Pet 141S 1314 1324 1394
Middle States Oil 114 H 114 11 4
rure oil co i'sin 26
Willya-Over. Co... 7S
Pacific Oil 36 4
Pan-Am. Pet. T. 644
Pierce-Arrow Mot. 194
Royal Dutch Co.. 57
U. S. Rubber Co.. 68 4
Am. ST Rfg. Co.. 77
Sinclair Oil A Rfg. 21 S
Soars-Roebuck Co. 76 4 75 4
Stromb g Carb. Co. 34
Studebaker Corp... 71,
Tob. Prod. Co.... 64
Trans-Con. Oll..,j 8
Texa Co S4H
V. S. Food Pr. C. 1
IT. 8. S . R. M
White Motor Co.. 33 4
Wilson Co., Inc. 384 384 334
Western Union 674 87 4 $74
West so El. Mfg. 464
Am. Woolen Co... 744
Total sales, 769.600.
Money Close, ( per cent; Thursday
close, 6 per cent
Marks Close. .0147.
Sterling Close, $3,764; Thursday')
close, $3,754.
Kansas City Produce.
Kansas City. June 10. Eggs Steady
to lo higher; tint, 21Q22e; seconds, 169
17s.
Butter and Poultry Unchanged.
50 4 Ml 4
H is
64 36
52
654 564
55 66
734 74
204 20
754
324 324
4 '"4
534 534
74 $
33 334
174 184
334' 33S
45
734
19
58
574
77
214
744
35
70
634
74
33S
17S
S14
S34
33
89
45 45
734 7J4
Omaha. June 10.
Grain arrivals today totaled 113
cars, against 202 cars last Friday.
Practically the entire falling off was
in corn receipts. Wheat prices 4to
day were lc to oc lower, top prices
selling lc to 2c off. The demand
was limited at the pn'-- and
some was carried over. Corn was
unchanged to V.c lower, generally
unchanged. Oats were 14c off. Rye
prices were a cent off and barley
nominal.
WHEAT.'
No. 1 hard: 1 car, $1.65; 1 cor, $1.53
(smutty.)
No. 2 hard: 1 car. $1.54 (heavy); 2
cars. $1.53; 3 cars, $1.62 (smuttv.)
No. 3 hard: 1 car, $1.51.
No. 4 hard: 1 car, $1 49.
No. 5 hard: 1 car, $1.47; 1 car, $1.45
(smutty.)
No. 5 spring: 1 car, $t.J8 (northern.)
Sample spring: 1 car, $1.25 (northern,
45.6 lbs., 3 per cent dockage); 1 car,
$125 (2 per cent dockage, 46.2 lbs): 1
car, $1,244 (4i'4 lbs.); 1 car, $1,224
(44 5 lb.)
No. 1 mixed: 2-3 car, $1.42 (65 per cent
durum).
No. 4 mixed: 1 car. $1.43.
CORN.
No. 1. white: t cars, 63c; 1 S-5 ear,
524c
No. ? white: 2 cars. 624c.
No. 3 white: 1 car, 62c; 2 car, 614c;
1 car, 5lc.
No. 1 yellow: 3 cars. 61c.
No. 2 yellow: 9 2-6 cars. 61c: 1 pr
604c (loaded out); 1 car, 6O40 (15.4
per cent moisture,)
No. 3 yellow: 1 car, 60c.
No. 6 yellow: 2 cars, 46c.
Sample yellow: 1 car. 36c( heating.)
No. 1 mixed: 1 car, 60c.
No. 2 mixed: 1 car, 49 4 e.
No. 4 mixed: 1 car, 60c (drv, near
white.)
No 6 mixed: 2 car, 42c (mustv); 1
car. 41c (sour.V
Sample mixed: 1 car. Slo (hot.)
OATS.
No. 2 white: 2 cars. 334c.
No. J-white: 3 cars. 33c. I
R YP!
No. 2: 1-3 car. $1.26.'
No. 4: 1 car, $1.24.
p.MAHA RECEIPTS ANt SHIPMENT?.
neceipis ionay. k. Ago. yr. Ago,
Department Store
Looted By Burglar
Burglars smashed open the cash
register in the Philip's department
store, 435 South Twenty-fourth
street, Thursday night, and stole
$148.34 in cash, $10 in 1-rent stamps
and two watches worth $10, accord
ing to a report made to the police by
Philip Greenherg, proprietor..
Detectives are working on the
theory the burglar concealed himself
in the store at closing time and
escaped through the coal chute which
opens from the inside.
Two Released Because
Warrant Address Wrong
Sam Aglio. 1908'i South Twelfth
street, and Tony Falla, arrested at
S602 bouth Thirteenth street May
21, for illegal possession of a still
and liquor, were discharged by
Judge Wappich in South Side police
court.
The magistrate held the warrant
made out for Aglio's home was in
sufficient since it gave the address
as 1008 and not 1908J-2. Falla told
the judge he didn't live at the South
Thirteenth street address and knew
nothing of the still and liquor.
Woman and Babe Struck
By Auto Reported Improved
Mrs. Anna Macy, wife of James
M. Macy, street car conductor, 3625
South Twenty-third street, who was
hit by an automobile driven by Har
ry Dragoun, street car conductor,
1602 Missouri avenue, at Twenty
fourth and A streets Thursday,
v. hile carrying her 2-ycar-old baby,
was reported improved t South Sick
general hospital yesterday morfilttg:
She suffered a dislocated shoulder
and fractured arm. , 7
The baby, which was reported
critically injured, proved to ,he mere
ly bruised about the ahdomrn and
was taken home, according to bos--pital
authorities. '
Dragoun's case was continued in
South Side police court yesterday
morning to June 18. He is charged
with reckless driving. ' -
Men Believed to Be Holdups
Rob Store of 4 Revolvers
Four revolvers worth $78, were,
stolen Thursday night from the More
of Nick Johnson, 2921 Q sweet, ac
cording to a report made to the po
lice: 'v ' '".
Detectives believe the theft u
perpetrated by unemployed - men
planning on launching a campaign
of holdups and robberies and prep
arations arc being made, to nip this
suspected campaign in its ihcipiency.
41
137 62
22 2:1
1 1
1
101 61
67 ' 103
8 22
i
wheat 4
Corn 66
Oats 14
Rye 1
Barley
Shipments
Wheat 60
Corn 62
Oats 15
Rye
Barley 3
CHICAGO CARLOT . RECEIPTS,
, Today, Wk. Ago, Tr. Ago.
Wheat 34 S3 in
Corn 399 363 141
Oat 126 131 33
KANSAS CITT RECEIPTS.
Today. Wk. Ago. Tr. Ago.
..202 21 2 104
40 44 65
S . 11 2
ST. LOt'IS RECEIPTS.
Today. Wk. Ago. Tr. Ago.
Ill 101 n
SO 7 6:!
52 69 13
NORTHWESTERN RECEIPTS OF
WHEAT.
Today. Wk. Ago. Tr. Ago.
Minneapolis ....264 250 169
Puluth 77 76 104
Winnipeg 116 108 72
PRIMARY RECEIPTS AND SHIPMENTS.
Wbat
Corn .
Oats .
Wheat
Ccrr. .
Oats .
ewa.'4
store tor hlghprloea next winter tin
Q-O-LATUM Hr trtitrvmt lttL
Keep eggs treah lor one year. ProvJd nr
thousands. No risk -no spoilage. Cost
only halt cent do. Staple to to uae-
dosen a minute.
at H OMIr-U'siwfwD M. !. St m
tar 200 dot. If dMlat la eat. Mad oud- No on
eharm foe C. O. D .
GEO'h.UE CO Omtht Neb.
South Side Brevitle$
For gal by owner. T-room1 modern
house. Call Market S600.
For Sal Six-room house, U modern:
paved street: $4,600. Call at 2201 C strtet,
South Side. Adv.
Women ot Trinity Baptist cburcK ,wnl
hold an lc cream and cake oclaJ.thl
evening at th church, Twenty-fifth', and
H streets.
Chicago Potatoes. .
Chicago, Jun 10. Potatoes Old. firm:
new. weaker; receipts. 27 cars: northern
whit. 76JJ90 cwt. ; Loulsisna Triumphs.
$3 00 cwt.; Louisiana White, 30ff$!.S
cwt.; Alabama, Spsifldlng Rose, $2 40 .
cwt.: Virginia, $4.S6tI6.00 barrel; 20rth
Carolina, $4 60 barrel.
Farm Mortgages
7
39 Year of Loaning Experience
Without Lot to the Investor.
Write for List -
Kloke Investment Company
845 Omaha Nt'l Bank Building."
Phone Doug. 1150.
Receipt:
Wheat
Corn
Oats
Shipment:
Wheat
Corn
Oats
Wheat
Corn . .
Today,
.1,014,000
.1,308, 000
. S49.000
Today.
. S52.O00
793.000 .
666.000
EXPORT CLEARANCES.
Today. ;:ii,4frf,Ago.
990.000 to,24,000
78,000 iii,'.
Yr. Ago.
728,001)
1,042.000
471,000
Tr. Ago.
677,000
366 000
374.000
Chicago Frodur.
Chicago, June 10. Butter Lower;
oreamery extras, 30c; standard, 30c; firsts,
26?'29c; seconds, 2024c.
Eggs Unchanged; receipt, 13,442
cases.
Poultry Alive, unchanged.
lvondon Money. ,
London, June 10. Bar 8ilver 35V per
ounc.
Money 4 per cent; discount rates,
short hills, 6 4 per cent; three month'
bills. 6 9-16 per cent.
11th
We Are Always Striving to Serve You Better
Saturday , June
Will Be the Talk of the Town Sale
Growth is the watchword of the Philip's Big Store. It has been
the policy from the beginning to ever and always live up to the
ideal to be the greatest service to the greatest number,
Mina Taylor Dresses for Misses and Ladies
At $1.95
INNUMERABLE STYLES of dresses made of gingham, chambray, percale and
linonette. Plaids, checks, stripes and plain colors. Sizes 14 to 20 and (M QC
36 to 47. Values up to $7.50, for this sale, at pl.t7D
.- ji
Ml
l;.M
Quality Used Cars
Going Fast
Reduction to Rock
Bottom Prices Did It.
The extremely low prices we placed on our
rebuilt, refinished, actually KE-NEW-ED used
cars, are making our sale a remarkable success..."
We waited with this sale until motor carl:
prices had been adjusted then--we slashed our -,
used car prices even lower than had been an-;
ticipated.
We believe that some motor car nriees will
be increased because it appears that reductions ; li
were made without regard to manufacturing
costs. '
So hurry! Buy your automobile now when :
the prices are low! "-"i-S
Good Used Cars
Remarkable Prices
A Good Place to BuyP
. Before you buy, come see what
your dollars will do with us.
J. H. Hansen Cadillac Go.
Farnam at 26th Harney 0710
Open eyenings and Sundays
.-: "F" ST.g!i
Imported Nightgowns and Envelope Chemises
I' II V
"Eastern Isles." Hand-made and hand-embroidered Philippine lingerie. The night
gowns are made of the finest nainsook, and delicate batiste is the material used in
the chemises. Every garment is made entirely by hand, not a stitch of machine
1 . 1 1 lL. .1 . i r . r . -
wont in mem. i nai gives you me exquisitely perfect worn: ot experts
that will win your admiration. On sale now at
$2.95
89-piece tet of the finest Imported Dinnerware,
including Cut Glas Sugar and Creamer. It a
set to serve 12. Beautifully decorated. Worth
$45.00. On sala now while th. 00 CA
teti are complete, at, only VHMiuU
Star Cut Water Set, comiiting of one J QQ
large Pitcher and tin Glattea, at .... V 1 itfU
Three large Cups and three Saucers, (fc 4 AA
imported China, large size, for..., vltUU
26-pice set of Universal Silverware, guaranteed
for 50 years, with fine Mahogany (f)A CA
Chest for 3a7.DU
Straw Hats in all the latest kinds of Panama,
Bancroft Leghorn and other high grade makes,
values that range up to $8.50 on sal. at
$1.98c $2.49 Md $3.98
Government Packing Suitcases made of heavy
fiber, plated corners, heavy straps, g 1 QQ
$3.50 value for a P 1 .SO
29CTI, Talk-of-the-Town Sale
19c
Saturday specials while they last, only a limited
number, so com. early and don't be disappointed.
200 dozen Men's Soft Collars of th. finest kind,
values up to 75c, while 4 Q
they last, each 1C
Ladies' Sport Hats, regularly sold 1 f
at $2.00, on sale iVC
SPECIAL Men's Hose, reinforced heels and
toes, elastic ribbed tops; colors, navy, f
gray and cordovan, all sizes, per pair. ... 1 UC
Outfit the boy here at much less than elsewhere.
Boys' Wool Serg. Suits, sizes 3 to
8, at, only.... ,
Boys' Suits in sizes. 16, 17 and
18, at-
Boys' Good Everyday Pants, in all
sizes up to 18, per pair
Overalls made of the best heavy 220 eastern
denim, union made, in all sizes,
from 34 to 42, per pair ,
Men's Fin. Chambray Shirts,
siz.s 14 to 17, at.
Men's Koolfit Union Suits, in all
sizes, per suit
$4.98
$5.98
$1.00,
$1.59
...79c
79c
24th and OSU. South Omaha
Ask for Green Trading Stamps They Are Given With Each Purchase.
GRAIN-
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 atZ
Omaha, Nebraska
Lincoln, Nebraska
Hastings, Nebraska
Chicago, Illinois
Sioux City, Iowa
Holdrege, Nebraska
Geneva, Nebraska
Des Moines, Iowa
Milwaukee, Wis.
Hamburg, Iowa
Kansas City, Mo.
Get in touch with one of these branch
offices with your next grain shipment."
'
The Updike Grain Company
"The Reliable Consignment House"