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About Omaha daily bee. (Omaha [Neb.]) 187?-1922 | View Entire Issue (June 14, 1921)
1 THE -BEE: OMAHA, TUESDAY, JUNE 14. 1921. 11 Queer Situation Noted in Copper -Industry of U.S. Largest Corporation in World Experiencing Depression While Firm in Far West Prospering. f By HOLLAND. Charles F. Brooker, president of the American Brass company, is again in vigorous health, having sur vived a severe siege of pneumonia with which he was afflicted when upon a visit to Chicago last winter. Mr. Brooker is included in the list which contains the names of those w-ho are pre-eminent in American in dustry. He is also one of the citizens who have not permitted their busi ness engagements wholly to over shadow their duties as citizens. He was for some years the representative of the state of Connecticut upon the republican national committee. Had he been willing to say yes to his party leaders in that state when they urged him to become the republican candidate for governor some years ago he would have been nominated and elected. By reason of his interest in pub lic affairs and his recognition of the responsibilities which are upon a good citizen, Mr. Brooker is espe-: ciiilly qualified to give intelligent opinion with respect to the present day industrial conditions. He re turns to business activity to find that the corporation of which he is the executive heat is now in the , depths of depression not like any which it has experienced in the past, As this corporation is the largest single purchaser of copper, the de pression which it is now facing re flects not only the copper mining in dustry, but also general industry, at least that which is not occupied with producing the immediate necessaries of life. Kniploys 23,000 Men. When Ihla orporatlon ia operated In Its capacity It gives employment to 83,000 men. Its various plants stretch aloitff the banks of the Housatonio and Nnuuatuck rivers from Long Island sound almost to the Massachusetts boundary line. This Industry has built up cities and towns In these river valleys whose combined popu lation added many thousands to th cen au.; of Connecticut's population for 19S0. But now not 20,000 men find employ ment In this Industry because there Is no work for so many The company Is car rying about 8,000 on Its payroll and Is atralnlnt a point In order to give em ployment to them. . Yt there is a strange, almost para doxical, condition In this industry be cause, while orders are comparatively few urn1 outut -Is the smallest tho company his given for many years, nevertheless, upon the Pacific slope an order has Just hn placed by a like industry Involving the purchase of a very large amount of copper. This, it is understood. Is to be used In the manufacture of : copper wire and copper rods. What Is Explanation? How does It happen that an Industry 'of this kind In the far west Is now placing- an order for millions of pounds of copper, which presumably Is to be. used !n the manufacture of copper wire and rods, while the American Brass company, the largest producer of material of this kind and the greatest purchaser of cop- ! -. . . .... nhnnvmallV Inn, fa. per, IS runillUS ill BUiiuiL-auj .v,.. pitclty and is employing less than, half tho number of wage earners In compari son with the payroll when the company Is in operation to full capacity? Mr. Brooker confessed that he is .unable .to explain It. ' " ' h a,, far nrMtnrn Industry Mas secured a very large- order, perhaps anm. nlllltrT BCrOSS the S6S. AUS- trallaor Africa, even.soum j.uj copper wire and rods - and Is . granting. reilit upon it. . a..., kt.u ffnrland enrooration I operating in a community, speaking of New England as a whole as a single community, where Improvement in cer tain other lines of Industry Is In progress. The copper Industry could not be de pressed much more without coming, to a complete halt. On the other hand the textile Industry and. to some extent, the boot and shoes Industry in New England re gaining. " Depression Abated. Vice President Coolldge, who ' keeps In. ouch not only with national but especial ly with New England conditions, referred a day or two ago to the fact that in New England depression came early, but has now to a great extent been abated. This Is proved, according to the vtce Presi dent, by the fact that some of the mills are now running overtime. Here then are two sides of the picture. The great copper and brass Industry is facing severe depression. The textile In dustry faced that depression last Tall, but is now facing the other way. The situation irt New England is com parable with or significant of the In dustrial situation throughout the country. Some industries are recovering, some are convalescing, some are anxiously awaiting the day when they too can ceport that convalescence has begun. - Not the least of the gratifying evi dences that this country is fundamentally sound is the comparatively small number, of commercial failures. Then again the county is not now awaiting action by congress for the elimination of the excess profits tax. That has already been elimi nated to a great extent because no longer are there any excess profits, at least any considerable taxable amount. - , r Price of Lead Reduced. New York, June 13. The Ameri can Smelting and Refining company today reduced the price of lead from 4.75 to 4.5U cents per pouna. Foreign Kxchange Kates. Following are today's rates of exchange as compared with the par valuation. Fur nished by the i'eiers iaiionai ui . ar vaiuauuu A c T. Austria .30 .002! .195 .0795 .0139 .27 .1700 4.36 S.74 .193 ! .0795 .238 .0142 .195 ,0613 .195 .0494 ...V ' .0072 .27 .1475 .... .0011 .27 .2239 .195 - .1675 1.00 .8950 Belgium Csecho-Slovakia Denmark ngland ....... France Germany Greece Italy , Jugo-Slavla .... Norway Poland Sweden Switzerland .... Canada New York Cotton. New York. June 13. Cotton futures opened steady. There was continued liqui dation of July contracts but July was purchased against sales of later months. Reports that boll weevil were more numer ous were 'also a factor and active months at noon were selling 8 to 10 points higher. In the early afternoon the market broke rather sharply on stock market and Wall street liquidating. Steadiness later was promoted by reports of heavy over Sunday rains in the southwest. Cotton futures closed steady. - Turpentine and Rosin. Savannah, Ga.. June 13. U. S. .Naval Stores Market.) Turpentine firm; 64 5? 85c; sales. 544 barrels; receipts. T.21 bar rels; shipments, 654 barrels; stock, 7.607 barrels. Rosin Firm: sales, 572 casks: receipts. 1.274 casks; shipments, 1,143 casks; stock, 75.787 casks. Quote B, $3.80; D, $3.70i3.SO; B, $3.75 fS.0; F, $3.95: G. $S.604M.OO: H. $3.90 J'4.05; I. $4.004.2 ; K. $4.4004.60; M. $5O0$5.10; N. $5.60; WG, 46.25O6.30; WW, $6.757.00. Dry Goods. New York. June 13. The .third large carpet auction of the year, comprising 41.000 bales of Rugs add 1.600 rolls of earpetlngs, opened- today with prices well maintained on regulars and slightly lower on tapestries. Wholesalers were constant bidders for large lots. Cotton yarns, cotton goods and raw silk were quiet. Burlap contltnued firm, London Wool. London, June 13. The wool auction Bales were continued today with offers of 10,562 bales. Good grades were firm and active at unchanged prices. Lower sorts were quieter and irregular. "London Money. London, June 13. Bar Silver 35d per ounce; money, 4 per cent; discount rates, short bills. 5tt per cent; three months hills. I 9-U per cent. Linseed Oil. ruluh. June 1 3. Linseed On ad atrlve, $1.94. trck THE GUMPS ttOV T0 0) LAV0E. THM Live Stock Omaha, June IS. Cattle Hogs Sheep Monday estimate. 7,000 8,800 8,000 Same day last wk,.. 6,34 9,149 6,700 Same day wk ago. 2,31 3,7S 6,790 Same day 3 wk ago. (.403 -'8,427 7,801 Same day year ego. . 6,821 10,674 10,668 Receipts and disposition of live stock at the Union, stock yards, Omaha, b., for 24 hours, ending at 3 p. m., June 13, 1921: RECEIPTS CARLOT. Cattle Hogs She'p H.-M. S.. M. St. F. Ry. ..13 Mo. Pac. Ry 12 Union Pan. R.' R. . .86 C. & N. W. Ry., east 8 C. & N. V. Ry., west 77 C. St. P.. 51. & O. Hy 39 C, B. & Q. Ry.. west 62 C. R. I. & P .. east ., C, R. I. P., west 4 Illinois Central Ry.- .... C, O. W. Ry. 3 Total receipts 3U r.VCM 'H p- EVA8VE STORY- A WOMAN'S V . I u P Y ' l MiHv RUNS IN ALTOGETHER. WE2 f J r ' lSj 7 .. .. 1 21 2 1 61 .. 16 i " .. 26 I 'i , l 137 31 DISPOSITION HEAD Cattle Hogs Sheep Armour & Co 030 2603 1807 Cudahy Packing Co 827 2233 3643 Dold Packing Co. ....... 643 1000 Morris Parking Co 960 1376 1661 Swift & Co 1S7S. 1706 2214 J. V. Murphy 1370 .... Swartz & Co 206 .... TJncoln Packing Co 36 .... .... Wilson Packing Co 471 Higglns Packing Co 13 63 .... Huffman Bros. 13'-.... Mayerowich & Vail 4 Midwest Packing Co. ... R P. O'Dea 10 Omaha Packing Co. .. ,-2 John Roth & Sons 67 Bo. Omaha Pkg. Co. ... 13 . ... .... J. H. Bulla t. 26 .... .... Rills & Co ; 13 .... .... John Harvey ........... 498 .... . .... F. G. Kellogg .....15 .... F. P. Lewis 14 .... .... J. B. Root Co 120 V. B. Van Sant & Co. .. 63 Other buyers 847 .... 57 Cudahy (Kansas City) .. 132 Total , 7,114 10,456 9,372 Cattle Desirable light and handy weight steers Sold at not fax from steady prices Monday, while the plain, heavy and medium weight gradea were around 10 15c lower and in some cases more. Receipts were liberal for the opening day of the week, about 7,000 head,' made up largely of very desirable class of heef steers. Best of the light and handy weights sold around 88.00(38.30. with good medium and heavy cattle at 17.651ns. oo, Choice heifers were also in good request and fully steady, some prime light heifers bringing - w.? 6 - ordinary canners and cutters were somewhat lower and the same was true of bulls, stags, etc There was no change In reedera. ' Quotations on cattle: Choice to prime beeves, 88.004p8.2O; good to choice beeves, I7.768.00: fair to good beeves. 7.b0M 7.76; common to fair beeves, $7.00 7.50; choice to prime yearlings, $8.158.50; good to choice yearlings, t7.808.15; fair to good yearlings. 17.2548. 00; common to fair yearlings. 36.76 7.26; choice to prime heifers, f 7.25 7.76 ; good to choice heirers, 86.007.26; choice to prime cows, 16.2506.76: fair to good cows. 85.764) 6.36: common to fair cows, $5.005.76; good to choice feeders, $7.257.75; fair to good feeders, 86.607.36; common to fair feeders, ' 86.006. 50; good to choice stockers, $6.507.25; common to fair stockers, $5.006.25-; stock heifera, 14.00 (SI5.60; stock cows, V3.gob4.6o; stock calves, 85.007.60; veal calves, 15.00 9.00; bulls, stags, etc.. 84.006.00. BEEF STEERS. No. Av. Pr. No. Av. Pr, 30.. .1202 .1647 7 75 13 1477 t 10 64 1335 YEARLINGS. 7 75 19 911 8 65 ' COWS. t 16 24. .....1195 HEIFERS. J SO 6 670 4 50 3 893 BULLS. 1 40 1......1600 CALVES. 7 50 3 265 S 00 8 10 15. 28. 696 920 8 00 691 6.25 496 684 4 00 .. 10.. 6 CO .1630 8 76 8 25 I.. 8.. 320 208 I 75 Hos The week opens out with rather libtral Monday run of hoga, aome thlng like 9.800 head showing up. De mand from both packers and shippers was DsariBn nu j, i ivdb ,u, um. " . ."kv1, finally settled at declines of about 15c. Closing trade ruled 1626o lower with final sales showing tne lull oeciine. uesi light hogs made a top of 37.75 and bulk of the receipts aold from 37. 10 0 7. 60. f HOQS.- No. Av. ah r Av Bh Pr .18.. 298 70 62. .233 40 91. .273 40 70. .217 110 61. .260 77. .215 69. .201 1 10 68. .291 70 7 18 1 20 68. .260 110 7 25 7 30- 60. .286 210 7 36 7 40 61. .271 40 T 45 7 60 70. .212 40 7 65 7 60 60. ,209 40 7 65 7 70 87. .280 .. T 78 Sheep About 8,000 sheep and lambs were here today and the mancet was a. rather quiet affair at lower prices. juo.i nf the soring lambs sola at aeciines ai 2550e and most of the receipts con sisted of springers. Choice western springers dropped to $11.7612.00 and natlvea movea largely ai ii.unfn.u. Fed classes of sheep and lambs were very scarce with values nominal. Quotations on aheep: Sprint lambs, $9.75 12.00; shorn lambs, $9.0010.50; shorn ewes, 82.7503.75; cull ewes, $1.00 160.. - Chicago live Stock. Chicago, June 13. (U. S. Bureau of Markets.) Cattle Receipts, 19,000; steers and she-stock mostly steady to 10c lower; top, yearlings, $9.16; heavy steers. $8.90; bulk beef steers, $7.608.65; bulik fat cows and heifers, $5.00?7.00: canners and cutters, mostly $2.603.75; Bulls, Bteady, $4.7506.00; veal calves. 25 to 50c lower, bulk to packers, $8.25 9.00. Hogs Receipts. 48,000; opening 10 to 16o lower, mostly 15 to 20c lower than Sat urday's average; closing at day's average decline; holdover, light; top one load, $8.25; practical limit, $8.20; bulk. $7,900 8.15; pigs, 10 to 16c lower; few desirable at $8.00. , Sheep and Lams Receipts, 17,000; kill ing classes mostly 25c lower; for prime natives springs. $12.25; bulk, tll.00ll.5Q; best Idaho springs, $11.50; Orcgona. $12.00; light fleeced California springs, $9.00: western fat ewes, $4.60; bulk fat native ewes, $3.6004.00; Washington wethers, $4.76. , Sioux 'City Live Stock. ' Sioux City, June 13. Cattle Receipts, 2,500 head; market, 26c lower; fed steers and yearlings. $6.0008.65; fawt cows and heifers, $3.505.00; stockers, $5.0007.00. Hogs Receipts. 4.500 head; market, 10 O20o lower; light. $7.6007.80; mixed, $7.4507.66; heavy, $7.0007.60; bulk, $7.2507.70. Sheep Receipts, 459 head; market, steady. St. Joseph Live Stock. 8t. Joseph, June 13. Receipts, 2,000 head: market, strong to 26c higher; steers, $6.5008.60; rows and heifera, $4.0098.25; calves, $5.0008.60. Uo(s Receipts. $,500 head; market opened 15020c lower, closed 10c lower; top. $7.76; bulk. $7.7007.90. Sheep Receipts, 1.500 head: market, steady:'' spring lambs. $11.0001175; clipped lambs, $9.0009.75; ewes, $1,009 3.60. Kansas City Hay. Kansas City, June 13. Hay Steady to $1.00 higher: choice timothy. $18.50 jn.oo: No. l prlrle, $13.50011.00; choice alfalfa, $21.00031.00. f , TAVES A MAN TO WSTTE "TOSS. MND5 ) . V TUEX CHANGE TEK ii i i l A BOOK A I AKt LtANEK. IHAC J nuztx OFTOHER J ' Marke.t, . Financial and Industrial News of the Day Financial By ALEXANDER DANA NOYES. ChlcafQ Tribune-Omaha Bee Leased Wire. New York, June 13. So far as foreign exchange rates ' were con cerned, the extravagance of the speculative movement abated some what today, but in the stock market' it was, if. anything, wilder than be fore. It used to be said when the Keenes and Gateses and Harrimans were "olunsrine" in the two and three million share markets of 1901 and 1902, that nothing quite parallel had been witnessed since the performance of Gould and Fisk and Commodore Vanderbilt on the stock exchange of depreciated money days. One would have to go back almost as far to match the presit.it market; for even the famous "bear movements" con ducted by the Cammacks and Woerishoffer's of the eighties were not often marked by such excessive violence of manipulation as is in evi dence on the current market. In today's million share trading prices for a number of Industrial stocks were forced down 4 and 5 points in the early hours, clearly In preparation 'for a "cov ering movement," whose scope was such that some of the stocks which had fallen most heavily of all In the forenoon, closed at net advances of 1 to 2 points, AH this happened with nothing in the day's new to affect financial judgment, and with little or no sign of participation by the real financial public. There have been few days, if any, of such violent and instantaneous and reversal In the mar ket since the great liquidation began, 14 months ago. Sterling went c lower In the first transactions, but recovered 19o by after noon, closing unchanged from Saturday. French exchange moved on almost ex actly parallel lines, but the German mark declined rapidly. Us low rate of $1.38 al most reaching the year's low level of $1.33 V, In January. Some comments in the Paris financial press emphasized the fact that the 1,000,000,000 marks payment Is to be held as "guarantee' for Interest payment on the 13,000,000,000 marks in treasury bonds which Germany will de liver July 1. The only news of particular Interest was the full and disappointing report of railway earnings during May. Kansas City Live Stock. Kansas City, Jnne 13. (U. S. Bureau of Markets.) Cattle Receipts, 16,300 head; beef steers, mostly stesdy; spots, strong to shade higher; top, $8.90; bulk, $7.00M 8.25; stockers and feeders, steady to strong, few sales higher, best stockers $7.35; common kinds, $4.005.00; all other classes generally steady; few cofs, $6.006.25; medium to good kinds, $4.50 6.76; cutters, mostly $3.003.6O; built canners, $2.002.25; calves, steady to 25c higher; top, $8.75; good and choice veal ers, $7.6008.50; common Texas bulls, $3.25. Hogs Receipts, 14,000 head: market opened 1016c lower, later sales 610c lower, closing weak; shippers doing little: best light to packers, $1.95; choice 250 pounders, $7.80; 325 pounders, $7.55; bulk of sales, $7.657.90; stock pigs steady, very few over $8.25. Sheep Receipts, 3,600 head; sheep, steady; most fat native ewes around $3.60. few at $3.75; spring lambs, steady to 25c lower; top natives, $11.60; bulk better grades, $11.00011.50. , New. York Coffee. New York, June 13. The market for coffee futures was Irregular today. An opening advance of 3 to 7 points met scattering liquidation which appeared to be connected with reports of an unsettled tone In the stock market, while there was also some trade selling on the decline In mllrels prices at Rio. September easea off to 6.90c, with active months generally selling about T to 10 points net lower, but the Santos market was higher and prices here rallied In the late trading, owing to the late Improvement in the stock market and renewed covering. September closed at 7c bid, or about 10 points up from the lowest, with the gen eral market net 1 point higher to 1 point lower. July, 6.61c; September, 7c; Octo ber., T.12c; December, 7.38c; January, 7.46c; March. 7.66c; May, 7.81c. Spot coffee steady; Rio 7s, 7c; Santos 4s, 8O10c. ''. . New York Money. New York, June 13. Prime Mercantile Paper 6c; exchange, irregular. Sterling Demand, $3.74; cables, $3.75. Francs Demand, 7.94c; cables, 7.96c. Belgian Francs Demand, 7.92c; cablea, 7.94c. . Gaildera Demand, 82.70c; cables, 32.80c. Lire Demand, 5.06c; cables, 6.08c. Marks Demand, 1.40c; cables, 1.41c. Greecian Demand, 6.10c Sweden Demand, 22.26c. , Norway Demand, 14.48c. Argentine Demand, 31.12c. Brazilian Demand, 12.87c. Montreal 10 13-16 per cent discount. .Time Loana Steady, 60 days, 90 days and 6 months, 6 per cent. Call money easy, high, 6 ; low, 6 ;' ruling rate, 6; -closing bid, 5; offered at 6, last loan, 6. New York Cnrb Stocks. The following quotations are furnished by Logan dt Bryan: Allied Oil 4 S Boston Montana 58 60 Boston Wyoming o Cresson Gold C&sden Oil Consolidated Copper .. Elk Basin Fedsral Oil Olenrock OH Island Oil Merrit Oil Midwest Refining Co. . Sliver King of Arizona Sapulpa OH Rimms Petroleum .. ... Tonopsh Divide TJ. S. Steamship IT. S. Retail Candy .. White Oil ..1 1-16W 1 .. 6 6 .. 10 1 .. 6 7 .. 1 1 .. 1 8, 1 .. S .... .. 80 9 ..130 O130 . .. 10 O 20 .. 8 3 ... 70 7 ..11 .. 8-16 .. 6(B 7 .. 10 .... Chicago Storks. The following quotations are furnished by Logan ft Bryan: Armour & Co., pfd 88 Armour Leather Co., common ..... 12 Armour Leather Co., pfd 82 Commonwealth Edison Co 108 Cudahy Packing Co., common...... 5 Continental Motors 6 Hartman Corporation common .... 75 I.lbby. McNeil ft Llbby 7 Montgomei-y Ward Co. 18 National Leather 7 Ren Motor Car Co. 17 Swift ft Co. 91 Swift International .... 24 New York Dried Krnit. New York, June 13. Evaporated Apples Nominal. Prunes Firm: Callfornlas, 4016c: Ore- gons, 8 O 15c. Apricots Scarce; choice, 24S5c; extra choice, S7c; fancy, 296. Peachts Steady; standard. lle; choice. 13c: fancy. 1416c. Raisins Easy; loose muscatels. 17I0e; rholce to fancy seeded, 2223c; seed less, 22024c. New York Sagar. New York, June 13. The raw sugar market was weak and while no sales were reported, offerings were more liberal with Torto Rirns available st $4.11 for Centrifugal, without finding buyers. ROUND 3 ANDY COMES UP WITH A SMILE I ( ITS too HVXH ROMANCE- 1 WELL THEY MI6KT BE : New York Quotations Range of prices of the leading stocks furnished hy Logan & Bryan, Peters Trust building: RAILS. Sat. High Low Close Close 79 78 78 .... A.,' T. & S. F. . Bait. & Ohio.. 37V4 85 37 37H Canadian Paclflo .110 109 110V4 HO'ii N. Y. Central 67 H 66 ft 67 4 67 Ches. & Ohio 544 64 64 65W Erie R. R 124 12 12 12 Gt. Northern, ofd. 66 62 63 66 Chi. Gt. West. ... 7 7 7 Illinois Central .. 88 Mo.. Kan. & Tex.. 2 K. C. South 24 Mo. Pac 20 87 23 88 2Vi 88 2tt 24 23U 18 19 Si 20 N. Y., N. H. ft H.. 16 16 16 16 North. Pac. Ry... 66 61 63 66 Chi. & N. W 63 Pennsylvania R. R. 34 Reading Co 66 C, R. I. & P 30 South. Pac. Co.... 72 South. Ry 20 Chi.. Mil. & St. P. 25 62 34 2 34 63 34 66 66 66 28 30 30 70 72 72 20 18 26 25 Union Pacific ....115 114 116 116 Wabash 7 7 7 7 "" ' STEELS. Am. Car-Fdry. ...124 121 124 124 Allis-Chalmers ... 32 31 32 32 Am Loco Co 80 Utd Alloy Stl Corp 22 Baldwin Loco Wks 76 Both Steel Corp... 62 Colo B'uel & Iron. 27 77 80 81 22 22 23 71 75 75 48 62 62 25 26 Crucible Steel Co. 66 62 66 67 Am Steel Fdrys.. 27 26 27 27 Lackawanna Steel.. 40 37 38 40 Midvale Steel, Ord 23 22 23 24 Pressed Stl Car Co 75 72 75 76 Rep Iron, Steel Co 48 Ry Steel Spring.. 81 Sloss-Shef Stl, Iron. 35 United States Steel 76 COPPERS, 454 79 34 48 48 80 80 34 74 76 76 Anaconda Cop Mln 38 37 38 38 Am Smlt, Rfg Co 39 38 39 39 Butte, Sup Min Co 12 11 11 13 Chile Copper Co.. 10 10 Chino Copper Co. 23 23 Tnsplra Cons Cop. 33 32 Kennecott Copper. 19 19 Miami Copper Co. 20 20 10 10 23 23 33 33 19 19 20 21 Nev Cons Cop Co. 10 10 10 10 Ray Cons Cop Co, 12 12 12 12' Utah Copper Co.. 49 48 48 49 JM UUBIKIAL8. Am Beet Sug Co. 29 26 Atl. G & W I S S 28 26 28 29 28 27 Am Internat Corp 37 34 37 36 Am Sum Tob Co.. 67 64 57 56 Am. Cot. Oil Co. . 17 17 17 17 Am. T. & T. 104 104 104 104 Am. A. and C, P. 38 Bosch Mag 39 38 39 38 Con. Can ; 47 47 47 47 Am. Can. Co 27 27 27 27 Chand. Mot. Car ..61 68 61 59 Cen. Lea, Co. 36 10 56 44 65 60 as 36 38 9 10 10 66 66 42 43 43 61 64 63 49 49 61 Cuba C. Sug. Co. Cat Pkg. Corp. Cal. Pet, Corp. Corn P. R. Co. Nat. E. ft Stamp. Fisk Rubber Co. Gen. Elm. Co... Gt. North. Ore 12 12 J2'-3 12 .122 125 125 126 27 28 26 27 Gen. Mot. Co Goodrich Co. .... Intl. Harv Hask. ft B. Car. .. TJ. S. Ind. Al. Co; . Internat. Nickel .. Inter. Paper Co. . Island Oil Ajax Rub. Co. .. Kelly-S. Tire .... Key. T. ft Rub. .. Inter. M. M 9 9 9 33 33 33 86 84 86 53 63 53 9 33 85 69 59 54 66 14 14 65 62 14 14 55 65 3 3 ,3 26 24 24 39 26 39 12 11 12 13 13 13 S 36 11 Maxwell Motor- Co. . , . . Mex. Pet 132 128 2 132 130 Middle States on. Jl 11 11 11 Pure Oil Co 26 Willys-Overland .. 7 Paclflo Oil 38 25 26 26 7 37 7 7 36 37K Pan-Am. Pet-Tr. . Pierce-Arrow .... Royal Dutch Co.. U. S. Rubber .... 64 21 56 50 64 61 18 21 18 54 56 66 59 55 69 . 56 Am. Sug. Rfg 75 71 75 72 Sinclair OH ft Rfg. 21 20 21 21 Sears -Roebuck ... 75 Stromsberg Carb. 34 72 76 74 33 34 33 Studebaker 76 69 75 70 62 64 64 Tob. Products . , Trans- Cont. . . , Texas' Co U. 8. Food Pr. , White Motor .. Wilson Co., Inc.. Western Union , Westinghouse . , .54 7 84 19 33 7 7 9 32 33 83 18 18 19 33 33 33 34 33 34 88 87 87 43 45 73 75 87 45 74 45 76 Amer. Woolen Total sales, 1,133,900. Saturday Close Close . 6 .... . .0141 .3.74 $.76 Money , Marks . Sterling New York General. New" York, June 13. Flour Steady; spring patents, $9.009.60; spring clears, $7.608.00; soft winter straights. $7.35 7.75; hard winter straights, $8.769.25. Cornmeal Dull; fine white and yellow, $1.86 185. Wheat Spot easy; No. 2 red, $1.71; No. 2 hard, $1.74; No. 1 Manitoba, $1.86 and No. 2 mixed durum, 1.69 c. i. f. track, New York to arrive. Corn Spot steady; No. 2 yellow and No. 2 white, 85, and No. 2 mixed, 84 c, c. I. f. New York, 10 days' shipment. Oats Spot firm; No. 1 white, 60 c. Hay Barely steady; No. 1, $27.00 29.00; No. 2, $26.0027.00; No. 3, $22.00 024.00; Shipping, $19.0020.00. Hops Quiet; state, 1920, 24 30c; Paci fic coast, 1920, 1823o; 1919, 16018c. Pork Quiet; mess, $24.00024.50; fam ily, $30.00 033.00. Lard Steady; mlddlewest. $9.9010.00. Tallow Dull; special loose, 4c. Rice Steady; .fancy head, 65c. Omaha Produce "T" By Gillnsky Fruit company. Fruit Bananas: Per pound, 10c. Grape Fruit: 46. $6; 54, $7; 64-70-80. $7.60. Oranges: Sunkist, 126, $7; 150, $6.75; 176-200-216, $6.60; 260, aearce. $6.26; 288, scarce, $6; 324, scarce, $5.75. Lemons: 300 Golden Bowl, $9.60: 360 Golden Bowl. $9.60; 300 Silver Cord, $9; 860 Silver Cord, $9. Pineapples: 42. $6; 36, $5.60. Annies ! 111.19R it RA IIB-UA-Ie, tl 175-188-200, $2.75; 216-225-234, $2.26. De ciduous Fruits: Peaches, 6 bsgt. crt., $3; Apricots, 4 bskt. crt., $3.60. Plums: Apex, 4 bskt. crt. $3.50; Beauty, 4 bskt. crt., $3.50; Clyman, 4 bskt. crt., $3.60. Cherries: Royal Ann, 8 lb. boxes, $3; lugs, $4; Blngs, 8 lb. box, $3.75; Blngs, lugs, $4.76. Cantaloupes: Crt. Standards, 45, $5; crt. Ponys, 54, $4: crt. flats. 12-45, $2.50. Watermelons: Pound (about 6 to crt.), 4c. Strawberries: Missouri quarts, $7. Vegetables Cucumbers, Hpr. . No. 1 Southern, $5; Hpr. No. 2 Southern, $4; mkt. bskt. Southern (2 dox.), $2.25. To matoes: Southern, 4 bskt. crts., $2.26. Hpr. Wax Beans, $6; hpr. Green Beans, $4; bskt. Beans, $1.50; bskt. H. Q. Peas, $1. Cabbage: California crts., lb., 6c; small lots, lb., 6c. Potatoes: Old Red or White, $1.60; new Red or White. 4c; crt. Sweets, $2.60. Onions: Crystal Wax, $2.25; Yel low Wax. $1.75. Nuts Peanuts: 10-lb. cans Salted, $1.60; palls. 30-lb., per lb., 12c; cartons, 50-lb., per lb., llo; bbls.. 176-lb., per lb., 11c; No. 1, rst., llc; No. 1, raw, 9c; Jumbo Roast, 17c; Jumbo Raw. 14e Repack Baskets: Crt 260' baskets, $350. New Detes: Dromedary. $6 pkhs. $6.75. Checkers-Chums-Cracker Jack: 100 to case, prize, $7; 60 to case, prise, $3.50; 100 to case, no prise, $6.75; 60 to case, no prize, $3.40. Wholesale prices of beef cuts: No. 1 ribs, 18c; No. 2 ribs. 17c; No. 3 ribs, 14c: No. 1 loins. 26c; No. I loins, 25c: No. 2 loins, 22c: No. 1 rounds. 19c; No. 2 ruumls. 18c; No. 3 rounds. 17c; No. 1 chucks. 8c: No. 2 chucks Ue- Nn 3 chucks. Hit: No. 1 Dlates. iUc: No. 1 I plaUa. 5c: No. 1 dale, in- Chicago Grain By CHARLES D. MICHAELS. Chicago Tribune-Omaha Bee Leased Wire. Chicago, June 13. Wheat broke sharply after midday, the offerings increasing heavily because of selling by longs who became irlgntenea over sharp drops in cash premiums. Cash wheat premiums were off from 1(551 '4c, with the outside decline reg istered at the close in hard winter wheat, No. 1 hard selling at 20c over July. The increase in the visible sup ply also induced selling. During the late trading prices rallied again and the close was l3c higher. Corn finished lsc higher and oats were $i7Ac higher. Rye was J-4C lower to 3c higher, with no sales in barley. Pork was off 10c, but lard closed 2j5c higher and ribs unchanged to 2c higher. Local cash sales were 7,000 bush els of wheat, 10,000 bushels of corn and 100,000 bushels of oats. Sea board advices told of exporters try ing to resell wheat and corn bids S6c cut of line. Local shippers say that they are able, to do better buying f:pot corn for delivery on Jily contracts han to try to do busi ness with exporters at th? prices they were bidding today. Highest Level of Season. The upturn In wheat today to the highest levels for the season was due to the strong turn to the bull side, which has manifesttd itself of late. It Is a seasonable condition. Hot weather, with little precipitation, lead to all sorts of claims of crop damage, some of t real, but some of it more anticipatory than actual. The black rust score, which is at present occupying the minds of traders, may be placed in both classes. The buying which followed in the wake of this news could not be calltd alto gether general, but it was large in volume, confined to a great extent to the house that received the report from their ex pert. However, there Is little desire to sell any wheat short so long as the market sentiment has changed and the light offerings were a contributory factor to the upturn. The movement of wheat is of such proportion that little hedging pressure can be expected for some time to come. Even the first movement of wheat ia not expected to prove a heavy burden on the future market, it being generally reported that immense quantities of wheat, have been sold for the last half of July shipment for export and the re ceipts will be headed for the seaboard soon after its arrival at terminal-markets. Local receipts were estimated at 35 cars. Corn Also Strong. 1 Corn msrket , also was strong and higher. There ' was general huytng in evidence early, while offerings wore light. Later some of the earlier buyers accepted profits. Crop conditions are excellent and the crop is further advanced than- usual at this time of the year. The movement of corn continues of liberal volume, but the arrivals are not quite so -heavy as they have been. Domestic shipping de mand has been slow and little improve ment was noted today.. Exporters are not very anxious to buy. Local receipts were estimated at 660 cars. Liverpool spot cotton and futures closed unchanged and Antwerp franc lower. Oats receded from best points estab lished early, which showed a big advance in other grains and crop conditions. ShortM also were active In their efforts to coi tv former committments, while sell ing pressure was lacking. On the bulge profit taking developed, causing a set back. Receipts were fairly liberal, the estimate being placed at 10 cars. Do mestic shipping demand fails to show any change one way- or the other, the business being transacted running to mod erate proportions. Rye was Weak, cash No. 2 sold at $1.39, or 6 cents over July. Receipts were eightt cars. Pit Notes. The Eastern Grain, Mill and Elevator corporation of Buffalo has purchased tho property of the Mutual Terminal Elevator company, according to the announcement or Nisbet Crammer, president of the com pany. Title to the property will be taken Ing terminal elevator, which ia owned by land Warehouse corporation. The pur chase of this property marks the passing of railroad control of the Buffalo grain elevators, as It leaves only the Connect in gterminal elevator, which Is owned by ine Pennsylvania company, remaining un der railroad control. The nroDertv nur chased was formerly owned by the New lorn central, Lackawanna Lehigh and Erie railroads, by whom it was bought irom james J. mil. The manager of the combined nroDer. ties will be Edwin T. Douglass, well known to western shippers. The company now has about 60 per cent of the combined elevator capacity of the port of Buffalo. New wheat offerings were reDorted quite liberal, and In the southwest the selling was said to have been quite heavy. Farmers were said to be willing to mar ket' their wheat as soon as harvested. Cash wheat premiums here were higher, as well aa at the Gulf. The general de mand was reported light. Wheat In Nebraska. Frank F. Thompson wired from Bea trice, Neb.: "From Hastings east through Clay, Filmore and Saline counties wheat eon,li. tlon good, with only an occasional short and thin field. Most fields heavy stand and fairly large heads. Some leaf rust in every field, but no black rust In evi dence. Average yield, 16 bushels. South east, through Saline county to Beatrice fields, generally short and thin and every field coloring. The poorest wheat I have seen in southern Nebraska is in this Im mediate territory, and will yield around S bushels. Wheat growers say wheat cut ting in southern Nebraska will commence about June 25, which Is a week or . 10 days earlier than usual. Weather clear and warm, with a good south wind. Importation of grain into Italy will be gin agaln'July 1, and restrictions on homo trade in grain wll be removed at the same tlmo. Precipitation in May over the corn belt was below normal and there is a defi ciency so far in June except in a few lo calities, Thla has probably helped to make thn market suscepiibie to hot weather talk. The weekly weather forecast indicates generally fair weather with temperatures above normal. The Canadian wheat acreage this year Is placed at 18,654,000 acres, according to a report from Ottawa, Ontario. This Is 421,000 acres more than last year. Elevator Interests were active buyers of both corn and oats In the cash market and prices were sharply higher. Country offerings were moderate. The shipping do msnd was moderate. f Culf premiums were easier Saturday, with indifferent demand from' the other side reported. New York Metals. New York, June 13. Copper Quiet; electrolytic spot and nearby, 13l3ftc; June and July, 13tt13Vc. Tin Easy; spot and nearby, 29.00c; fu tures, 28.76 jj 29. 00c. Iron Nominal; No. I, northern, 25.00 26.O0c; No. 2 northern, 23. 0024.00c; No. 2 southern, 21.0022.00c. Lead Weak; spot, 4 60c. Zlm Quiet: Kast St. Louis delivery, llinl 4.66ffi 65c' Antimony 5.25c Omaha Grain Omaha, June 13. Buyers and sellers of wheat prac tically failed to meet on prices for this grain today and up to a late hour, very little had been sold. The first sale made which was No. 1 hard want at $150 or 6 cents below Sat urday. Indications were that con siderable would be carried over. Corn was unchanged to lie up and oats lc higher as compared with Friday's market, none being sold Saturday. Rye was 2c up and bar ley unchanged. Wheat receipts to day were moderate and other grains light. The United States visible sup ply of- wheat - increased 1,736,000 bushels the past week; corn in creased 3,101,000 bushels, and oats increased 679,000 bushels. WHEAT. NV 1 hard: 3 cars, $1.60. Sample spring: 1 car. $1.25. No. 3 mixed: 1 car, $1.41 (durum.) CORN. No. 1 white: 3 cars, 64 c. No. 1 yellow: 2 cars, 62c. No. 2 yellow; 3 cars, 52 c, No. 3 mixed; 1 car, 50c. No. 6 mixed: 2 cars, 45c (musty.) OATS. No. 2 white: 1 car. 36c. No. 3 white: 2 cars. 84c. RYE. No. 2: 1 car, $1.27. No. 3: 2 cars, $1.26. No. 4: 1 car, $1.26. BARLEY. No. 1 feed: 1 car, 61c. Rejected: 1 car, 63c. OMAHA RECEIPTS AND SHIPMENTS. Week Year Receipts .' Today ' Ago Ago Wheat ... 84 118 47 Corn 22 150 96 Oats 12 31 16 Rye ... 4 2 6 Barley 1 4 4 Shipments Wheat 68 143 67 Corn i 64 74 67 Oats 10 3 2 Rye 1 10 Barley . 3 1 CHICAGO CAR LOT RECEIPTS. Week Year - Today Ago Ago Wheat 15 18 8 Corn 294 615 lo3 Oats .,104 172. 63 KANSAS CITY CAR LOT RECEIPTS. Week Year Today Ago Ago Wheat ..333 361 265 Corn ,...119 106 84 Oats 41 10 91 ST. LOUIS CAR LOT RECEIPTS. Week Tear Today Ago Ago Wheat 471 242 113 Corn .114 100 141 Oats 71 113 60 NORTHWESTERN WHEAT RECEIPTS. Week Year Today. Ago. Ago. Minneapolis 410 402 316 Duluth 61 78 77 Winnipeg 204 133 179 PRIMARY RECEIPTS AND SHIPMENTS. Receipts Today. Year Ago. Wheat 1,633.000 1,219.000 Corn 1,441,000 1,440,000 Oats ' 1,009.000 620.000 Shipments . Wheat 940,000 . 677,000 Corn v -,....2,112,000 538.000 Oats 408,000 436,000 EXPORT CLEARANCES. Today. Year Ago, Wheat '.. 2,578,000 1,173,000 Corn 21.000 CHICAGO CLOSING PRICES. By TJpdlke Grain Co. DO. 2627. June 13. Art. I Open. I High. Low Close. Sat. Wht. July Sept. Rye July Sept. Corn July Sept. Oats July Sept. Pork July Lard July Sept. Ribs July Sept. I 1.39 141 1.43 1.2914 1.88 1.2514 1.3914 1.88 1.38 1.24 1.2814 1.814 1.12 :64 .63 .64 .83 .38 ".3914 , .39 1.4U 1.Z6 1.28 1.27 1.2714 1.81 1 .SS 1.84 .1.16 .85141 1.31 1.13 .641, .66 .64H .65 V4 .39 .39 40 .41 1.14 1.15 .6414 .64 .65 64 .4 .66 .40 '.iiii .3814 '.40 14 .38 .46 17.60 17.60 17.50 17.60 17.60 9.90 10.00 10.31 9.90 9.90 8.87 10.15 10.16 10.22 10.16 j 10.40 1 10.20 10.12 10.40 10.15 10.30 10.15 10.40 10.42 10.62 Minneapolis Grain. Minneapolis, June 13. Wheat Receipts, 410 cars, compared with 816 cars a year ago. Cash No. 1 northern, 11.68 1.73; July, 31.41. Corn No. 3 yellow, 52 53c. Oats No. 3 white, 84 36c. Barley 46 63c. it ye No. 2, sr.3301.37. x Flax No. 1, 31.87 1. 89. Visible Grain Supply. Chicago. June 13. The visible supply of American ana oonaea gram shows the louowing cnanges: Wheat Increased 1,891,000 bushels. Corn Increased 3,102,000 bushels. . Oats Increased 679,000 bushels. Rye Increased 100.000 bushels. Barley Increased 80,000 bushels. St. Louis (iraln. St. Louis. June 13. Wheat Julv. 31.84: September, 81.24. '' corn July, si SJBlc: September. 44c Oats July, 88c; September, 40 c. Kansaa City Grain. Kanxas City. June 13. Wheat Julv. 31.3014; September, 81.20. torn juiy, hc; September, 0e. New York Produce. New York.. June 13. Butter Firmer: creamery higher than extras. 32U0S3c: creamery extras, 3132o; firsts, 2831c. .ggs unsetuea; fresh gathered, extra firsts, ?8&30c; firsts. 2527c. Cheese Steady: state whale milk flats. fresh specially. 1618c. State whole milk twins, specials, 1518c. Live poultry Firmi broilers, S655e; fowls, 2830c; roosters, 16c; turkeys, 20c. Dressed Poultry Weak: western chick. ens, boxes, 2345c; fowls, 16ift34c; old roosters, ,1418c; turkeys, 20056c. Chicago Produce. Chicago, June 13. Buttei- Higher: creamery, extras. 81c: standards, 80c; firsts, 25ift30c; seconds, 20fi44c. J5.KKO ingncr; receipts, 2V. 96 esses; firsts. 23Wift24c: ordinary, flrats. ?nr !lc; at mark, cases Included, 2223c: standards, 24 c Poultry Alive, lower; fowls, II c; broilers, 30 3 5c. Chicago Potatoes. Chicago. June 13. Potatoes Weak: re ceipts, 123 cars: northern white, sackod and bulk, 90clt.O0 cwt.; Alabama, Spauldlng Rose, IS. 40 cwt.: Louisiana. ss.nnflijis rwt.; Virginia. 4.25 per bbl.; South Carolina. M.fiO ner l.hl northern Carolina, 81.60b 3.6 per bbl. Drawn for The Bee by Sidney Smith. (Copyright, 1921. by Chicago Tribune Co.) r Bonds and Notes The following quotations furnished by the Omaha Trust Company: Approx. Y'ld Price Pet. Amer. T. T. Co. 6s. 1922.... 97 8.10 Amer. T. ft T. 6s. 1924 95 7.80 Anaconda 7s, 1929 92 8.26 Armour 7s, 1930 95 7.68 Iielglan Gov't 8s, 1941 98 8.18 Belgian Gov't 7s, 1946 9S 7.62 Bethlehem Steel 7s, 1923 95 9.16 British 6s, 1922 97 7.40 British 6s, 1929 87 7.60 British 5s. 1937 84 7.17 C. C. C. ft .St. L. 6s, 192 86 8.36 Denmark 8s. 1945 99 8.03 French Gov't 8s. 1945 98 8.18 B. F. Goodrich 7s, 1926 90 10.10 Jap. Gov't 1st 4s, 1935 84 9.16 Jap. Gov't 4s, 1931 68 8.75 Norway 8a. 1940 100 7.92 Northwestern Bell 7s, 1941.... 98 7.16 N. Y. Central 7s, 1930 100 7.00 Pennsylvania R. R. 7s, 1930.... 1026.80 Southwestern Bell 7s, 1925.... 98 7.40 Swift ft Co. 7s, 1925 96 8.00 Swiss Gov't 8a, 1940 103 7.66 TJ. 8. Rubber 7s, 1930 98 7.70 Westinghouse El. 7s, 1931 98 7.20 Llbery Bond Prices. New York. June 13. Liberty bonda at noon: 8s, 88.74; first 4s, 87.80 bid; sec ond 4s, 86.70 bid; first 4s. 87.70; second 4',is, 86.80; third 4s. 91.50; fourth 4"4s, 87.00; Victory 3s, 98.38; Victory 4s, 98 38, First 3s. 88.60; first 4s, 87.40; second 4s. 86.46; first 4s. 87.62: second 4s, 86.88: third 4s, 91.54; fourth 4s, 86.90; Victory 3s, 98.36; Victory 4, 98.38. Kansas City Produce. Kansas City. June 13. Eggs le higher, firsts, 23c; seconds. 18c. Butter Unchanged; creamery, 34c; sec ends, 13c. Poultry Unchanged; hens, 19c; broil ers, 28 35c; roosters, 8c. Bar Silver. New York, June 13. Bar Silver Do mestic. 99c; foreign, 69c. Mexican Dollars, 45c. Invest in the Real Estate Mortgage Securities nrf eaminittmrtd by McoewMaTta 6 CC SHMER, President f tf. K. ROHRBOUGH. SeeVTr.; ' 4Mto Qpr $1,400,000 CmS and t3c the asattar eve American Security Go.p Se rvwe in the careful handling of all order for grain and provisions for future delivery in all the important markets. We Operate Omaha, Nebraska . Lincoln, Nebraska Hattings, Nebraska Holdrege, Nebraska Geneva, Nebraska Chicago, Illinois Sioux City, Iowa " Det Moines, Iowa Hamburg, Iowa Milwaukee, Wisconsin Kansas City, Missouri , Private wire connection to all offices except Kansas City. We Solicit Your Consignments ' of All Kind of Grain to OMAHA, CHICAGO, MILWAUKEE, KANSAS CITY AND SIOUX CITY Every Car Receive Careful Personal Attention The Updike Grain Company "The Reliable Consignment House Wisconsin Governor Irate at Ban on Home Brewers in Statute Madison, Wis.. June 13. Governor Blaine stepped into the Wisconsin prohibition controversy again today when he attacked the Olson amend ment to his enforcement bill passed in the senate Friday with the home brew section stricken out, as "an in tolerable espionage on the home which fritters away public money to prosecute good citizens who have no wrongful intention." Governor Blaine declared that "the bill was carefully drawn to meet effectively the great abuses that have grown out of the 18th amend ment, but "that the amendment puts the private person who possesses grape or apple juice, which by natural fermentation contains one half of 1 per cent or more of alcohol, on the same basis as the outlawed distillery 25 Cents a Barrel Reduction In Crude Oil Announced Independence, Kas., June 13. The Prairie Oil and Gas company today announced a 25-ccnt cut in crude oil, making the new price $1.25 a barrel. This follows a similar reduc tion made a week ago by the Mag nolia Petroleum company in the Healdton field. Tulsa, Okl., June 13. The Sinclair Crude Oil Purchasing company to day posted a reduction of 25 cents a barrel on mid-continent crude. Healdton oil was cut to 75 cents a barrel. a1- 1Y' French Republic External Loan 20-Yr.7V2 Gold Bonds Dus 1941 Direct obligation of the French Government. Can not be called. Strong sinking fund payments. Offered, subject to prior sale, at price to Yield over 8 Circular on request for OB-897 The National City Company Omaha First National Bank Bldg Telephone Douglas 831,6 hat thetRondi- rTT me soutn r iatt SfSSSKJthan he anticipated. jtic note in .flood re- x "A penny Saved W Johnson was as 1 , towns on the Loup earned.- stream wn normal A penny invested" means a profit returned. Don't stop saving. But don't stop with saving, for that's only a starter. The important problem is what disposition to make of your savings. Often savings are the temp tation for extravagant spend ing. Mere saving, therefore, contains a serious element of hazard. Safe and profitable invest ment is the sure method of holding and increasing an estate. HHMHsl o e o 1. Offices at-
