THE BEE: OMAHA. WEDNESDAY, JUNE 15, 1921
t
Cabinet Member
Mellon Making
Haste Slowly
Masterly Ability as Financier
And Banker Shown in
Handling of War
Obligations.
i
By HOLLAND.
One of the comments which the
recently announced policy of Secre
tary of the Treasury Mellon has
caused is the assertion frequently
(made that the secretary is making
haste slowly. He is revealing his
masterly ability as a man of finance
and also his profound knowledge of
the technicalities of banking. He has
adopted plans which are widely com-
mended and which have been formu
lated upon his own initiative.
Soon after Mr. Mellon became sec
retary of the treasury there were in
timations from Washington and also
timations from Washington and also
in the New York financial district
that he would as soon as possible
perfect and put in operation a single
issue of government securities into
which all the short term outstanding
Indebtedness could be converted.
So also it was said that he had
fftven some thouarht to refunding the
Victory notes and Liberty bonds and
this was spoken of with approval be
cause the presumption was that action
of that kind would bring the Victory
notes and Liberty bonds to par. But
the secretary has taken a world en
compassing view of the situation. It
differs from that which confronted
the government at the close of the
civil war.
Debt Comparatively SmbII.
L Then th amount of government obll
7 aatlons outstanding which tho war en-
tailed, a considerable part of which
were held by lnveitora in Great Britain
and Holland, was not equal to tne ag
gregate of the Victory note and Liberty
hnniln Vurthermor. Oreat Britain and
Europe were flourishing. The ahadow of
the Franco-Prussian war, which began In
tho eummer of 1870 and wa over within
two monthi, had not yet been eat upon
the world altuation. All that a aecretary
of the treaaury at that time tpund It
necessary td do waa to prepare for re
funding of the bonds at a lower rate of
Interest. The amaslngly awlft recovery
of the country from the effects of the
war. the opening up of much of the west
to agriculture and the completion of the
first railroad stretching from Omaha to
the Pacific coast greatly facilitated the
operation of the treasury department.
Now the secretary of the treasury la
confronted with difficult conditions 'which
prevail all over the world. He knows
that, although we have beoome a credi
tor nation and surely will remain In that
position for some ytara and possibly for
a long term of years, yet the entire coun
try is suffering from the after effect of
me war. ,
I Over Five- Years.
') Secrttary Mellon, taking In considera
tion ail of these facts, is not to under.
take the putting out of a single Issue of
government securities with which to ab
sorb various forms of indebtedness. In.
stead of that he ia to bring out from
time to time appropriate issues, making
onreiui caiouiauon aa to the proper
xnuuui. 01 interest 10 allow, and continu
ing these lsauea for five yeara. He can
not put them out for a longer time un.
unless congress so legislates.
Thla action Is spoken of here as re
flecting to a high degree financing wis
dom. It will tend to make all the more
easy future refunding operations. It will
also postpone the financing which Is to be
permanent until conditions are more fa
vorable than they now are,
If it were expedient Secretary Mellon
Blight pay off the treasury certificates as
Viey become due from surplus revenues
7.'ut. " .would not be expedient at this tints
..J." .Business depression Is sura to
.-ouiire our revenues and it Is vital that
congress ao legislate aa','? tiir,tan ,
burden of taxation. But the Treasury de
partment would be compelled to rely
upon heavy taxes It It were to secure
large surplus revenue.
Looking Info Future.
Secretary Mellon's purpose and the com
mendation with which' it has been re
ceived reflect the opinion that our present
condition is only temporary. We e:re pass
ing through a time of convalescence.
One of the able authorities upon our
financial condition says frankly that It
would have been better both for the
United Slates and for Knrope If the Anglo-French
Joint loan which became due
last fall had been renewed. It was not the
fault of the United States that this loan
: was not renewed. France and England
yiuierivu 10 jjy n. Ana wr.n iney did
make payment in full,. 1500,000,000 were
returned and were distributed among the
financial powers who had made this loan
possible.
Had this loan been renewed Europe
would have been In a better position to
buy American produots than she has been
since that payment waa made. There is
not the slightest doubt that the falling
off in eur foreign trade ia due chiefly
to the Inability of the countries of the
world to pay for American commodities.
Secretary Mellon knows that the loans
which are now represented by demand
notes held In the treasury will be perma
nently handled by refunding operations.
He also knows that financing of this
kind wilt not be practicable until the
ty regular interest payments. When our
ty regulr merest payaments. When our
foreign trade conditions have become rea
sonably normal they will mabe It pos
sible surely and regularly to pay the
interest, upon the refund bonds.
Bids for City Funds
V Presented by Banks
The city council received bids yes
terday afternoon from banks wishing
to serve as depositories - of city
'- funds. The Bank of Benson and the
Farmers and Merchants bank of
Benson offered 3 per cent on daily
balances and similar offers were re-
-Ceived from the Bank of Florence
' J -1 c 0i 1 I- r.-.
rtiiu me occuruy oiaic uaOK. inc
American State bank offered 2 per
cent on open accounts and 4 per
cent on time deposits. All other pro
posals were for 2 per cent on daily
balances and 3 per cent on time de
posits. Nebraska farm Credits
Will Join Federal Aid
1 Lincoln, June 14. (Special.)
The passage of Senate File 114, the
farm warehouse receipt bill, advocat
ed and pushed through the legisla
ture by Gov. S. R. McKelvie, will
dovetail nicely with, the announce
ment that Secretary of Agriculture
Wallace and Secretary of Commerce
Herbert Hoover had agreed with
representative of agriculture at
Washington, D. C, on a program qf
farm credit legislation, . based . on
warehouse receipts.
"This bit of state legislation cou
pled with the proposed national leg
islation will put the Nebraska farm
ers in a position to receive every
benefit possible from any action tak
en by the government," Governor
McKelvie said today.
Big Spring Realtor
Dies at Denver, Colo.
Bigspring, Neb., June 14. (Spe-
j dal Telegrajn.) J. P.. Holcombe.
real estate agent at Bigspring, who
also played a prominent part in local
politics, died at Denver, Colo. Hia
WW w talci-ti tn Onthenhnro- hJ.
r j ii i i. " -
old home, for burial m the Gothen-
burg cemetery. Mr. Holcombe was
police judge of Gothenburg several
Jfars ago. Since he Came to Big-
-: iT j . .
spring he served as an assessor
THE GUMPS
Khz. wdmwhm.- ) (win www 4 uuo- tour h oiw ) ) ' N YM'
Live Stock
Omaha, June 14.
Receipts were Cattle. Hogs. Sheep
Of tidal Monday .... 7,624 10,250 8,8611
Katlmate Tuesday... 6,000 9,600 8.700
Two days this week 13,624 19,750 17,658
Seme days last-week 14.88 19,892 14,984
name nays 2 w s a o 6.742 9.431 M.t8
Same days S w'a a'o 10,106 23.650 11949
Same days year ago 11,088 20,046 18,726
Receipts and disposition of live stork
at the Union Stock yards, Omaha. Neb.,
(or 34 hoursi ending at S p. m. June If,
1(21:
RECEIPTS CARLOT.
Cattle. Hogs.Sheep,
Wabash, R. R...
3
Mo. Paelfio R. R 11
Union Paolflo R. R 80 45
C. N, W. Ry., east.. 7 3
C. A N. W. Ry., west.. 40 40
C, St. P. ,M. A O. Ry.. 23 15
C, B. A Q. Ry., east 21 5
C, B. Q. Ry., west.. 44 19
C, R. I. & P east.... 30 4
C, R. I. A P., west.... 4 1
Illinois Central Ry 6 3
C, O. W. Ry 4 4
Total receipts 276 139
DISPOSITION H EA D.
34
Cattle. Hogs. Sheep.
Armour & Co.. ... . .
1,16
1,159
2,044
2,223
2,091
Cudahy Packing Co..
Dold Packing Co....
Morris Packing Co..
Swift Co
J. W. Murphy
Swarta A Co
Llnooln Packing Co.,
Wilson Packing Co..
M. Olaasburg ......
Hlggins Packing Co.
Hoffman Bros
Mayerovlch & Vail..
Midwest Packing Co.
P. O'Dea
1,781
1,323
1,638
1,785
1,569
161
421
970
1,675
571
1,460
2,133
22
173
2
22
24
2
IS
3
19
6
6
3
117
a
3
10
7
107
26
620
48
Omaha Packing Co. .
So. Omaha Pkg. Co..
J. H. Bulla
Kills A Co
John Harvey
T. J. Inghram
P. O. Kellogg ....
Joel Lundgren
F. P. Lewis .. ..
J. B. Root A Co. .
Sullivan Broa
Other Buyers
Ogden Pkg. Co
212
651
Morris, Sioux Falls..
Total 7,324 11.012 9,702
Cattle With a moderate run of cattle
Tuesday, about 6,000 head, the market
steadied up a bit and showed a little
more activity, although prices were no
better than Monday and all of 25c lower
then the close of last week. Desirable,
medium and handy weight steers sold at
S8.00W8.30. while most of the heavy cat
tle went around $7.768.00. Cows and
heifers were also more easily sold tnan on
Monday, but Drices for both, beef steers
end cows, show all of a 25c decline n
the two days. There were not many
stockers and feeders here and the market
was QUOtably steady.
ijuotations an cattle: unoice to prime
beeves, 33.O0Jfi8.30 ; good to ohoica beeves,
87.2S7.60 common to fair beeves, 37.00
SC7.2&: choice to prime yearlings, is.mra
8.60; good to choice yearlings, $7,809
8. IS; fair to good yearlings, $7.257.76;
common to fair yearlings, $6.757 35;
chc lee to prime heifers, J7. 2508.00; good
to choice heifers, $6.007.25- choice to
prime cows. JS.006.50; good to choice
cows, 15.75 6.25; fair to gooa cows.
S5.00JJ5.75; common to fair cows, 31 75
4.36: good to choice feeders, 17.260
7.76: fair to stood feeders. J6.507.25:
common to fair feeders, $6.006.60; good
to choice stockers, 37.257.76- fair to
good stockers, $6.50(j)7.25; common to
fair stockers, 5.0066 25: stock heifers,
3t.00fi6.60: stock cows. J.&uw.o; siock
calves, I5.007.50; veal calves, S6.00Q
9.00; bulls, stags, etc., i.ooy B.uo. ,
BEEF STEERS.
No.
22...
19...
47...
32...
40...
27...
20...
19...
30...
Av. Pr.
No.
Av. Pr.
930 $ 7 10
9..
IS..,
88...
42..
33..
18..
...1240 $ 7 26
...1034 7 60
...1296
,..1020
...1199
,..1280
,..1233
...1320
6
(0
T 65
7. (
.1295
7 76
...1328
...163S
...1269
7 85
7 95
8 10
8 30
7 40
7 65
7 78
8 00
8 15
1 90
S 00
S 15
18.
. .1292
STEERS AND HEIFERS.
616
816
694
725
775
T 35
26..
929
T 60
T 70
7 80 .
24.,
28..
9.
..,1018
... 775
....760
... 774
9...
20...
52...
8 10'
65.
TEARLINOS.
19;..
. 740 7 16 11...
. 836 7 75 10...
. 791 S 10
COWS.
.1031 S 60 i 10...
.1144 6 60 ' 12.J.1
.1040 5 90 12...
HEIFERS.
. 817 S 60 10...
. 905 6 60
331
79S
7 60
7 85
12...
19. .
14.,.
..IO0S
. .126
..1169
.. 797
6 25
5 75
6 60
( 25
I
7...
17...
t...
9...
BULLS.
. 341 f 20
CALVES.
. 173 7 00 4 322 8 60
. 174 I 60
...
8...
Ho Today's run of hogs was esti
mated at 9.600 head and the market was
a rather quiet affair at weak to lower
prices. A few desirable light hogs sold
early on a weak to 10c lower basis, but
packing grades usually had to sell at the
dime decline ana in some casta were iw
15o lower. Trade aa a whole was mostly
a dime lower. Best light hogs topped at
$7.76 and bulk or the receipts torn from
$7.00 J.60.
No. At. Sh. Pr. No. Ar. 8b.
Pr.
7 10
7 20
7 40
7 60
66. .214 40 t 7 00 63. .288 ...
64. .296 70 7 16 65. .263
60. .268 70 7 25 48. .210 80
74. .214 110 7 60 62. .213 -..
80.. 204 ... 7 76
Bh..rLAnAtliAr fnlrlv llhAml run nf
sheep and lambs arrived with most of the
offerings consisting of springers. Pack-
n dsmand appeared to be ratner pack-
ward and trade was somewhat uneven,
ranging frem steady to as mucn at sdw
600 lower. Declines in moil oases were
quoted at not far from a quarter. Best
spring lambs made an extreme top of
$18.00 and, other aales were rponea ac
$11.60 and less. A few fed shorn lambs
brought $9.60. Fat sheep were quotably
ateady with ewee In fair request up to
Quotations on - sheen: spring tamos.
$9.75012.00; shorn lambs. $8.609.5O:
shorn ewes, $2.7503.76; cull ewes, si.uww
i.e -
SPRING LAMBS.
No. Ave. Pr. No. Av. Pr
737 Ida. 67 12 00
1374 Calif. 70 $11 75 979 Ore. $2 $11 60
727 Ida. 67 12 00
CULL LAMBS.
19$ Calif 60 7 60 128 Ida. 67 I 60
Kansas City lire Stock.
Kansaa City. June 14. (U. 8. Bureau of
Markets.) Cattle Reoelpts, 10,000 head;
beef steers, steady te 16c lower, some late
tide eft 26c; part load yearlings. $8.76,
best full loads bid $8.60; beat heavy steers,
$8.2508.50: most other classes fully
steady, tew eowa $6.006.2S. strictly good
kinda $5.866.76; cutters mostly around
3.v; top veaiers. i.7; practical top,
$8.60: Banners, strong: bulk to shlsoers
around $2.25.
Hogs Receipts, 20.000 head; market
opened alow to shippers and traders, 10
fjl6e lower than yesterday's average;
packers slow, buyers at most 25c lower,
paying $7.70 for choice light top, $7.80
bulk of sales, $7.8607.76; packing sows,
steady; pigs, 2 So lower; selected kinds,
$8.25. -
Sheen Receipts. . 9,000 head : eneep.
steady to 15c lower, moat fat native ewes.
$J-0. lew wo; iambs. 76c$1.00
.lower; top natives, sig.su.
-
T.ot,aoll, JunVi?"B!fr0nS'Tv.r-36d per
ounce
Money 4 1 per cent; discount rates:
short bills, 6 per cent; three months
bins. $ $-16 per cent
Market, Financial and Industrial News of the Day
Financial
By ALEXANDER DANA NOYES.
Chicago Tribune-Omaha, Bee Leased Wire.
New York, Tune 14. Today's mar
kets seemed to move without relation
rapid movement of prices; it was one
of the days when the different mar
kets seemed to ove without relation
to one another. The irregular early
break and subsequent general ad
vance on the stock exchange - oc
curred while sterling was moving up
steadily to the highest rate since Fri
day and while the price of wheat was
falling. At the same time call money
on the stock exchange went to 5 1-2
per cent, at which it closed. This is
the lowest rate since April 7; until
today it had in fact been touched
on only four occasions since October,
1919 on three successive days ot
last year's and one day of last Nov
ember. Two conflicting forces were at work In
today's stock market. There were some
izna of continuing belated liauidation
for account of the large speculative in
terests whose recklessness and had judg
ment, a year or more ago, prepared the
way for Wall street's subsequent experi
ences; there was also evidently an effort
to force prices lower, but the dominant
influence was the heavy repurchases by
professional speculators for the decline,
which in the end. carried the whole mar
ket to a higher level. Beforo the gen
eral recovery got fairly under way, these
eonrilcting influences nrovo. prices re
oeatedlv back and forth. Declines of 2
or 3 points occurred In numerous Indus
trial shares, and a violent proiessionai
attack on Northern Pacific and Oreat
Northern stocks, based on the familiar
"dividend," carried them down 2 and 3
points respectively and upset the whole
railway share market. Beth of these
stocks, nevertheless, recovered all of the
midday losses or more and the railway list
as a whole ended with net advances.
Today's S-cent recovery in sterling ex
change (dart of which was lost before the
close,) brought the rates more tnan
cents above last Thursday's low level
Sterling Is 23 cents or nearly 6 per
cent below where It stood before Germany
began Us payments.
New York Quotations
Range of nrices of the .leading stocks
furnished by Logan & Bryan, Peters Trust
building:
JKAlLtS,
Close
ow Close Mon.
79 80 78
36 38 37
not, no no'
66 67 67
66 66 64
12 12 12
60. 63 63
7
89 89 88
2 3 2
23 24 24
19 20 19V,
16 17 16
61 65 63H
62 64 62
33 33 34
66 68 66
30 31 30
71 73 72
13 19 20
25 25 25
115 116 115
7 7 7VK
A. T 8 F..J... 80
Baltimore & Ohio 39
Canadian Pacific. Ill
N T Central 67 K
Chea Ohio 66
Erie R R 12
at North' n pfd.. 63
Chi Ot Western
Illinois Central ... 89
Mo, Kan A Tex... 2H
Kan City South'n. 24
Missouri Pacific, 20
N Y. N H & H.
North'n Pac Ry.
Chi & N W
Penn R R
Reading Co ....
C, R I P
South'n Pao Co.
Houth'n Ry
Chi. Mil & St P.
tin ion Pacific .
Wabash
17
'85
64
34
68
31
73
19
26
117
T
STEELS.
Am Car A Fdry...l25 124 124 124
Aius-unaim. Mfg.. 33 S3 33 32
Am. Loco. Co 82
Utd. Alloy Steel. 23
Baldwin Loco Wks 75
Beth. Steel Corp. 63
Colo. Fuel Iron Co
Crucible Steel Co. 67
Am. Steel Found. 27
Lackawanna Steel. 40
Mldvale Steel .... 23
Pressed Steel Car
Rep. Iron Steel... 48
R'way Steel Spring 79
5losa-Sher. & Iron 35
U. S. Steel 76
79
23
73
61
B4
27
80
23
46
79
34
,75
81
23
74
52
66
27
40
23
47.
79
35
t 76
38
3a
12
10
24
33
19
21
10
12
50
23
80
22
75
62
26
6
27
38
23'
75
48
80
34
76
$8
39
11
10
23
83
19
20
10
12
48
28
28
COPPERS.
Anacon. Cop. Vin. 89 $8
Am. Smlt. &- Rfg. 29
Butte Sup. Mln Co. 13
Chile Copper Co. 10
Chlno Copper Co. 24
Inspiration Cop... SS
Kennecott'Copoer . 20
Miami Cop. Co... 21
Nev. Cons. Cop. Co 11
Ray Cons. Cop.. . . IS
Utah Copper Co. 50
38
13
10
23
33
19
20
10
126
60
INDUSTRIALS.
Am, Beet Sugar.. i 27
Atl, G & W I S 8 29 27
Am. Internet. Corp 86 36
Am. Sum. Tob Co. 61 66
Am. Cot. OH Co
28
38 37
66 67
Am. Tel. Tel. ...104 104 104 104
Am. Agr. Ch. Pro. 39
39
39
Bosch Magneto... 38
Continental , Can... 48
Am. Can Co 28
Chand. Motor Car. 62
Cea. Leather Co.. 37
Cuba Cane S'r Co.. 10
Cai. Packing Corp. 57
Cal. Pet. Corp.... 44
Corn Pr .Rfg. Co.. 65
Nat En. & Stamp 61
Flsk Rubber Co... 12
Gen. Electric Co... 138
Ot. N. Ore 27
37
48
27
61
36
10
66
43
68
61
38
48
28
61
86
10
39
47
27
61
36
10
6$ -
43
64
66
43
4
61
12
49
12
12
124 125 115
20 27 6
Gen. Motors Co.... jv
Goodrich Co 34
Internet. Harvest. 87
Haskell Br. Car 64
U. S. Ind. Al Co.. 5S
Internet. Nickel... 16
Internet. Paper Co 56
Island Oil 3
AJax Rub. Co 27
Kelly-Spring. Tire 89
Keystone T. R.. 12
Inter Merer Mar.. 13
Maxwell Motor Co 8
Mex Petroleum 135
Middle States Oil. 11
Pure Oil Co 29
9
33
86
63
56
14
65..
8
!4
39...
12
13
132
11
26
7
87
21
6
59
76
21
76
$4
75
54
7
33
. 18
32"
84
"7
46
Willys-Overland Co 7
racino tni si
Pan-Am Pet, Tran 66
Pierce-Arrow Mot., 21
Royal Dutch Co... 66
U S Rubber Co... 60
Am Sugar Rfg Co, 76
Sinclair Oil. Rfg. 23
Sears-Roebuck Co. 78
Stromsbsrg Carb Co 26
Studehaker Corp.. 77
Tob Pdcts Co $6
Trans-Conftal Oil 8
Texas Co 24
U S Food Pr Corp 19
U S 8m, Rfg, Mln 81
White Motor Co.. 34
Wilson Co., Itio... 36
West'gh's Atrb'ke 91
Western Union
West'gh'se El, Mfg. 45
Am. Woolsn Co... 77
Total shares sold. 786,800,
Money Close, 6 per cent; Monday's
close, 6 per cent.
Marks Close, .oi; Mondays close,
.0141.
Sterling Close, $3.76; Monday's close,
$3.74. , -
Chicago Potatoes.
Chicago. June 14 Potatoes Receipts,
19 csrs; old, steady: new, dull; northern
white, sacked and bulk, 8O09to cwt.j
Louisiana triumphs, $3.76 rwt.. Virginia,
'1,0034 25 bbl.: Carolina cabblsrs. 83 60
i bbi
9 10
31 32
" 8 87 1
63 64
65 55
14 IS
54 54
3 3
25 26
36 38
11 13
12 12
3 3
129 130
11 11
17 28
7 7
86 37
' 52 63
19 20
64 54
67 69
72 73
21 22
76 77
25 36
75 75
64 66
7 8
83 - 83
16 18
31 31
33 $4
85 25
91 II
'46" '4"
4 II
FIRE! FIRE! FIRE! 4-11
Omaha Gain
Omaha, June 14.
Cash wheat prices were off 8c to
9c today, making a loss of 14c to
15c the past two days. Con
siderable of yesterday's offerings
were carried over on today s market.
Corn prices were 16c to lc lower.
Oats were off lc to l4c. Rye and
barley were nominal. Grain receipts
today were light.
WHEAT.
No. I hard: 10 cars. 11.42; t cars, 11.41;
1 car, 11.40 (smutty).
No. 2 hard: 8 cars, 11.40; 1 care, 11.39
(smutty); 1 car, 11.38 (smutty); 2 cars,
1.S7 (smutty).
No. 3 hard: 1 car. $1.31; 1 ear, 11.88:
1 car, 31.38 (smutty); 12 cars, 31.37; t
cars, 31.37 (smutty); 1 car, $1.36 (smutty).
No. 4 hard: 1 car, 11.36; 1 car, 31.38
(65.8 lbs.); S cars, 11.34; 1 ears, 31.33
(smihty); 3-3 car, 11.32.
No. 6 hard: 1 car. $1.30; 1-4 car, 11.30
(musty).
Sample hard: 1 car. $1.24 (47 lbs.).
Sample spring: 1 car, $1.20 (dark north
ern, 47 lbs.).
No. 1 mixed: 1 car, $1.46.
CORN.
No. 1 white: 1 car, 64a.
No. 1 yellow: 1 car, 62c; car, 610.
No. 2 yellow: 2 cars, 51Vc.
No. t yellow: 1 oar, 46a (sour); 1 ear,
46c (musty).
Sample yellow: 1 car, 38c (heating).
No. 1 mixed: 1 car, 60Hc; 1 car, 60c.
No. S mixed: 3 cars, 60Ue (near white);
6 1-3 cars, 49 He.
No. 4 mixed: 1-3 car, 47c,
No. 6 mixed: 1 car, 46c (sour).
OATS.
No. 2 white: 1 car, 3314c
No. 8 white: 1 car, 33 He.
OMAHA RECEIPTS AND SHIPMENTS.
Week Year
Receipts Today Ago. Ago.
Wheat .. 35 39 66
Cunt 2,1 29 199
Oats 6 10 54
Rye 1 .. 6
Bailey Ill
Shipments
Wheat 44 77 51
Corn 59 59 104
Oats 11 10 24
R; o 1 .. (
Barley 1 .. .,
CHICAGO CAR LOT RECEIPTS.
Week Tear
Today Ago Ago
Wheat 64 33 9
Corn , . .698 1001 210
Oats 178 351 92
KANSAS CITZ CAR LOT RECEIPTS.
Week Tear
Today Ago Aso
Wheat ......Ill . Ill) 73
Corn .'. 35 36 . 33
Oats , 8 7
ST. LOUIS CAR LOT RECEIPTS.
Week Tear
Today Ako Ago
Wheat 81 114 67
Corn 67 107 73
Oats 44 61 34
NORTHWESTERN CAR LOT RECEIPTS
OF WHEAT,
Week
Ago
Tear
Ago
195
42
150
. Today
..177
..132
..323
Minneapolis
Duluth ....
Winnipeg .
248
PRIMART RECEIPTS AND SHIPMENTS.
Receipts
Wheat Corn ......
Oats
Shipments
Wheat Corn
Oats
Today
. 685,000
.1,182,000
. 741,000
Tear Ago
568,000
867.000
400.000
908,000
633,000
639,000
633,000
378,000
323,000
U, 8. VISIBLE (BUS.)
Today. Wk. Ago. Tr. Ago.
..10,070,000 8,334,000 31.952,000
...21,949,000 18,848.000 1,628,000
...30,793,000 30,114,000 8,105,000
... 1,231,000 1,131,000 8,581,000
.. 1,639,000 1,464.000 3,136,000
OMAHA STOCKS (BUS.)
. . 200,000 216,000 605.000
Wheat
Com ,
Oats .
Rye ..
Barley
Wheat
Corn .
Oats .
Rye , ,
Barley
... 1,386,000 1,211,000
. .. 1,125,000 1,021,000
. .. 23,000 18,000
9,000 10,000
467,106
106,000
60,000
12,000
CHICAGO CLOSING PRICES.
By Updike Grain Co. DO. 2627. June II.
Art. I Open. High. I Low Close. Sat.
Wht. I
July .137 1.38 1.15 . 1.85 1.39
1.38 1.36 1.89
Sep. 1.26 1.28 1.24 1.25 1.27
1.25 1.25 J.7
Rye . . .
July 1.30 1.30 1.26 1.2T 1.11
Sep.. 1.16 1.15 1.11 1.11 1.15
Corn '
July .64 .64 .62 .62 .64
.63 .64
Sep. .65 .65 .63 .63 .84
.64 ; 63 .......
Oats
July .18 .38 .37 .87 .38
Sep. .40 .40 .31 .39 .40
Pork
July 17.60 17.60 1150 17.50 17.50
Lard
July (.81 1.85 1.81 1.82 1.90
Sep. 10.16 10.20 10.15 10.17 10.22
Ribs -
July 10.07 10.12, 10.07 10.12 10.1S
Sep. 10.36 jl0.4t 10.82 10.41 10.40
. Chicago IJve Btock.
Chicago, June 14. Cattle Receipts. 11,
000 head; market, beet ateers, steady to
25o lower: top, $8.85; bulk, 7. 608.S5.
butcher she stock, stockers and feeders,
26c lower; bulk fat cows and heifers,
$4.7506.75; bulls and calves mostly
steady; bulls largely - $4.5086.25; veal
calves mostly $8,7509.26.
Hogs Receipts, 31,000 head; market,
active, opened 10 to 16c lower; closed
stoady to lOe lower than yestsrday's
average; top, $8.15. one load, bulk, $7.86
8.06; pigs, 15. to 25c lower: most de
sirable pigs, $.76; few choice, strong
weights, $8 00.
Sheep and Lambs Receipts, 16,000
head; market, best springs and best light
ewes, steady; other 25 to 60o lower; best
Idaho springs. $12.40012.60. California,
$12.60; bulk native springs. $11.00012.00,
few at $12.25; few California ewes. $4.26:
few light western ewes, $4.60; bulk na
tive fat ewes, $3.0004.00.
St. Louts Cattle.
East St. Louis, June 14. Cattle Re
ceipts, 4,500 heud: native and Texas steers,
steady; $8.75 paid for 1,123 pound na.
tlves; bulk, $7.00(7.75; quarantine, $5,900
6.10; light yearlings and heifers about
steady; $9paid; cows, steady; bulk, $4.50
0 5.65; bologna bulls, steady; bulk, $4.25
04.76; cannera, $2.003j3.60; stocknrs,
steady; bulk, $5.25(&.26; veal calf top,
$9.0008.60.
Hogs Receipts, 13,600 head; - closing
strong to lOo higher than early; top, $8.06;
bulk lights and medium weights, $7,90 0
1.00. Bulk heavies, $7.1607.90; packer
sows, steady; pigs, weak; clearance good.
Sheep and lambs Receipts. 7.000 head;
closing. 25050c lower than , early on beat
lambs with $1 oft in spots; late top, $10.60;
bulk, $10.25' l&lO.SO; practically nothing
here but lambs; large holdover.
SUoux City Live Stock,
Slou City. June 14 Cattle Receipts.
2,200 head; market weak, ISo lower; fed
stsera and yearlings, 16.0001.66; tat
cows and heifers, $4.8008.00; cannera,
I2 60r4.00; veals, $5.0009.60; calvar,
$4.6007.60; feeding cows and hetfeis,
IJ F06 00. stockers. $6.0007.00.
Hogs Receipts, 6,500 head; market 10c
to 16c lower: light. $7.6007.70: mixed.
$7.3007.40; heavy, $6.5007.06; bulk, $7.10
0 7.60.
Sheep and Lambs Rete'pts. 2"0 head:
market steady,
Chicago Grain
By CHARLES D. MICHAELS.
Chicago Irllmne-Omaha lice Leased Wire.
Chicago, June ' 14. The break in
cash wheat premiums started selling
later in the season, but the late
break was due largely to unloading
by pit longs who had bought the
wheat earlier on black rust reports
purporting to eome front Elk Point,
S. D. Last prices were 241-2c
lower. Corn was 1 3-42 l-4c lower
and oats declined ll-2c lower
Rye was 2 1-24 l-2c lower and
barley, l-2c off. Pork was unchang
ed; lard, S7 l-2c lower, and ribs,
2 l-2c lower to 2 l-2c higher. Local
cash sales were 15,000 bushels of
wheat, 73,000 bushels of corn, in
cluding 47,000 bushels to exporters,
128,000 bushels of oats and 11,000 bd
shels of barley... '
Seaboard reported that exporters
had exchanged 1,500,000 bushels of
futures for the cash wheat. Cash
wheat premiums were 36c lower
linn vesterriav s close ana yccyioc on
from yesterday's best point. Cash
corn and oats discounts were un
changed. Vessel room for 60,000 bu-
ehe nf corn to Montreal was
rhartprpH. Milwaukee chartered ves
sel room for 2,400 bushels of corn
rM nau tn Buffalo, and muuu DU
shels of corn to Goodrich. No. 2
mixed corn was offered at 9c over
July, and No. 2 yellow at. 91-4c
over c. i. f. Montreal to exporters,
but the best bid was around 8 l-2c
premium. ,
Wheat Weak Early.
Wheat was weak early, but later the
market acted a little bit oversold and a
n.rtini recovery waa noted. There waa
iA..A in th hull camD this
. Vs.Pt that cash wheat
premium's are crumbling away, that ex
. ... r.n, rfmno nnv bus ness be
cause of tho recent bulge, and that the
,,th...st farmer is hauling old wheat
in luree Quantities all com
bincd to undermine the confidence of the
longs. . ,
Added to the above factors the
weather map this morning showed some
..Alto fmm tho recent tipat wave and this
nlfln was regarded as favorable for filling
the new crops. As a result there was a
rush to sell at the opening, while tne
huvlns- cower was limited. Later a fore
cast for generally unsettled weather, to
gether with further reports of black rust
In wheat In Nebraska, induced enough
huvlnr to absorb the surplus offerings and
make the newly developed short Interest
uneasy. The movement of wheat con
tinues of moderate proportions, receipts
being estimated at 40. cars.
Corn Breaks at Start.
Corn had a break at the start. It is
more than evident that the short Inter
est has been trimmed down to propor
tions thnt are not so unwieldy, and as a
result there was less buying power in -the
market. Selling, on the otlter nana, was
fairly general, baaed on the continued Big
receipts, favorable weather and the slow
cash demand. On the break buying
against indemnities and covering by
shorts to secure profits caused some re
action from the low point. Local re
ceipts were estimated at 550 cars. Liver
pool spot corn elosed Id lower; futures,
ld lower, and Antwerp, franc lower.
Export bids wert out of line.
Easiness was displayed In oats. The
break in other grains tended to bring
abont an unloading process by local longs
and this, with additional selling by com
mission houses, forced a good decline.
Support was given the market on the
break, a good many resting orders to buy
being executed, especially in the July de
livery. Local receipts were smaller, but
nevertheless fairly large, the estimate
being placed at 110 cars. The domestic
shipping demand overnight slowed up
somewhat. Country offerings to arrive
remain light. Crop advices were more
optimistic. Foreign markets were un
changed. Rye was weak. Cash No. 2 sold at
$1.1901.31 and No. 3 at $1.28 01.28.
Beoeipts were 4 cars.
Pit Notes.
The export trade In wheat at present fs
the dullest In a long time, and buyers for
foreign countries appear to be wailing for
the new crop movement to have Us effect
on prloes before taking hold. Kansas
Citly and eastern export points all re
ported a flat demand. On the other hand
farmers are ahowlng more willingness to
sell, with old wheat offers and deliveries
in the southwest liberal for the time of
year. From present Indications there
will be difficulty in maintaining cash
wheat premiums, and there has been a
disposition to get out of July and Into the
September. This has narrowed the dif
ference between July and September ma
terially. Eastern houses gave tho mar.
ket some support yesterday, but the gen
eral demand was slow, and there was con
slderable liquidation by the buyers of the
last few days, who came la after the big
advance.
According to special reports from the
spring wheat country there ia little cause
for worry in that quarter. Western North
Dakota and eastern Montana have the
best prospects since 1921. The acreage
in the northwest is said to be about nor
mal owing to the long seeding season
Soil conditions at present are ideal.
Estimate of Wheat Crop.
Liverpool reported offers of Bulgarian
wheat at several cents under the parity of
American wheat prices.
Chairman Clyde M. Reed of the public
utilities commission at Topeka, Kan., who
made the most accurate estimate of the
Kansas wheat crop last year, estimates a
crop thla year of 140,000,000 bushels.
Kansas advices' said harvest had atarted
In many different sections In the state,
with some cutting In all parts except tho
northwest counties. Harvest Is also
started in a few fields In Nebraska, with
probability it will be general next week.
A Kansaa City wire to B. F. Leland &
Company Bald that farmers nn riati.r.
Ing wheat freely and not waiting for bids
in many cases. Kansas City alao wired
that the export demand was flat.
The hot wave seemed to have apent its
force Sunday and conditions were un
settled with showers southwest and north
west. Except where the rains may delav
harvest operations the map generally was
regarded as favorable.
Minneapolis Grain.
Minneapolis. June 14. -.Flour Un
changed to 20o higher. In carload lota
family patents quoted at $9.758110.20 a
bbl. In 98-lb. cotton sacks.
Bran $16.00.-
Wheat Receipts. 177 cars, compared
with 196 cars a year ago. Cash, No. 1,
northern $1.63 01.68. Jtilv. $1.3s.
Cofh No. 3 yellow, 60 62c.
Oats No. white, ZiQUc.
Barley 4763o
Rye No. 2. $1.26 01. 81.
Flax No. 1. $1.1701.1.
Dried Fruits.
New York, June 14. Evaporated Ap
plfR Mark.-t nominal
Prunes Steady.
Apricots Klrnt.
Peaches fjulet
Raisins Dull.
Drawn
Omaha Produce
By Gillnsky Fruit company.
Fruit Bananas: Per pound, 10c. Grape
Fruit: 46, $6: 64, $7: 64-70-80, $7.60.
oranges: Sunklst, 126, $7; 160, $6.76; 176
200-216, $6.50; 250, scarce, $6.25; 288,
scarce, $6; 324, acarce, $5.75. Lemons
300 Golden Bowl, $9.60: 360 Oolden Bowl,
$9.60; 300 Silver Cord, $9: 360 Sliver
Cord. $9. Pineapples: 42, $6; 36, $5.60.
Apples:. 113-125, $3.60; 138-1 50-163, $3.26;
175-188-200. $2,76; 216-226-234, $2.25. De
ciduous Fruits: Peaches. 6 bsgt. ert., $3;
Apricots, 4 bsKt. crt., 13.60. Plums: Apex,
4 bskt. crt. $3.60; Beauty, 4 bskt. crt.,
.i.o; uiyman, DSKt. crt.. 63.60. cnerrles
Royal Ann, 8 lb. boxes, $3; lugs, $4;
Mings, S lb. box, 83.76; Blngs, lugs, $4.76,
Canteloupes: Crt. Standards, 45, $5; ert.
Ponys, 64, $4: crt. flats, 12-45, $2.60.
Watermelons: Pound (about 6 to crt,),
40. BtrawDernes: Missouri quarts, 67.
Vegetables Cucumbers, Hpr. No.
Southern, $5; Hpr. No. 2 Southern, $4;
rain. dskt. soutnern ta aoz.i, 12. Z5. To
matoes: Southern, 4 bskt. crts., $2.25. Hpr.
Wax Beans. $5; hpr. Green Beans, $4;
bskt. Beans, $1.50; bskt. H. O. Psas, $1.
Cabbage: California crts., lb., 6c; small
101s, id., so. potatoes: uia Ked or wnite,
$1.60; new Red or White, 4c; crt. Sweets,
sz.50. unions: crystal Wax, $3.25; Tel
low Wax. $1.75.
Nuts Peanuts: 10-lb. cans Salted. $1.60
pai)s. 30-lb., per lb., 12c; cartons. 60-lb.,
per id., ii"c; oms.. 175-lb.. per lb., lie:
No. 1, rst., llc; No. 1, raw, 9c: Jumbo
Roast, 17c; Jumbo Raw, 14c. Repack
Baskets: Crt. 250 baskets, $3.50. New
Dates: Dromedary, 36 pkha," $6.75. Check-
ers-cnums-uracker Jack: 100 to case,
prize, $7; 50 to case, prise, $3.60; 100 to
case, no prize, $6.75; 50 to case, no prize,
$3.40.
Wholesale prices of beef cuts: No. 1
ribs, 18o; No. 2 ribs. 17o; No. 1 ribs,
14c; No. 1 loins. 26c; No. 2 loins,
26c; No. 3 loins, 22c: No. 1 rounds. 19c;
No. 1 rounds, 18c; No. 3 rounds, 17c;
No. 1 chucks, 9c; No. 2 chucks, 8c; No.
3 chucks, 7c; No. 1 plates, 6c; No. 1
plates, Ec; No. 3 plates, 4c-
New York Bunds.
The following quotations are furnished
by Logan & Bryan, Peters Trust building:
Atch. Gen. 4s
73 74
B. & O. Gold 4s
Beth. Steel Ref. 6s
Cent. Pac. 1st 4s ,.
C B. & Q. .It. 4s
C. M. & Sb P. Gen 4s.
. 64S 65
... 81 82
. 70 & 70
..99.80W99.S0
65 66
C. & N. W. Qen. 4s 71 72
L. & N. U. 4s 78 m 81
New York Ry. 4s 20V, tfS 21
Nor. Pac. P. L. 4s 73fl 74
Reading Gen, 4s 720 73
U. P. 1st 4s 78. n 78
V. S. Steel 6s 94 ?J 95
II. P. 1st Ref. 4s 73 Ct 73
S. P. Cv. 6s 87 89
S. P. Cv. 4s. ........ 76 if 76
Penn. Con. 4s,... 85fl 86
Penn. Gen. 4s 76 76
C. .& O. Con. 5s 81, it? 81
Ore. S. L. Ref. 4s........... 79 79
New York Money.
New York, June 14. Prime Mercantile
Paper 60 per cent.
Exchange Strong.
Sterling Demand, $3.76; cables
$3.77.
Francs Demand, 7.99c: cables. 8.01c.
Belgian Francs Demand, 7.96c: cable,
7.97o.
Olulders Demand. 32 96c; cables. 33.05c.
I.ire Demand, 6.13c cablea, 5.15c.
Marks Demand, 1.45c; cables, 1.46c.
Greece Demand. 6.15e.
Sweden Demand. 22.20c.
Norway Demand, 14.60c.
Argentine Demand, 31.12c.
Brazilian Demand, 12 87c.
Montreal' 10 15-16 per cent disrnunt.
Leans Time, ateady; 60 days, 90 days
and 6 months, 6 per cent.
Call Money Easier; high, 6 per cent;
lew, 5 per cent: ruling rates. 6 per
cent; closing bid. 6 per cent; offered al
5 per cent; last loan, 6.
New York Coffee.
New York. June 14. The market for
coffee futures was decidedly easier to
divv as a result of liquidation. Wall street
and local selling which seemed to be
Inspired by reports of freer offerings from
Brazil and better weather in Sao Paulo.
The market opened at a decline of 3 to
8 points and sold off to 6.80c for .Septem
ber, or 20 points net lower and more
than 40 points below the recent high price.
That delivery closed at .76e bid with the
general market showing a net decline of
22 to 24 points.
July. 6.39c: September, s.tbc; octooer.
6.89c; December, 7.15c;. January, 7.24c-
Maroh, 7.43c; May, 7.58c.
Spot Coffee Market unsettled and nom
inal, Rio 7s, 7c; Santos 4s, 01Oe.
'
New York Cotton.
New York. June 4. The New York eet-
ton market opened steady at an advance
of 5410 nolnts. influenced by cablea
from Liverpool which were aomewhat bet
ter than had been expected, further com
plaints about boll weevil, and a stronger
tone In foreign exchange. There was buy
ing by Wall street and the trade, the latter
principally in July ant) Ootober and also
scattered covering.
On dry weather in the eastern belt and
reports that a good many contracts liqui
dated recently had been purchased by the
trade, prices went 14 to 19 points net
higher.
Xew York Metals.
New York, June 14. Copper -Quiet;
electrolytic, spot and nearby, 13013c;
June and July, lt013e.
Tin steady; spat ana nearby, 19.31c ;
futures, 29.26c, I
Iron Nominal: No. t northern, 24.00
26.00c: No. 2 northern, 23.0024.00c; No.
2 southern, 20.0021.00c.
Lead Easy; spot, 4.60c.
ttinc Quiet: East St. Louis delivery.
spot, 4.564.66e.
Antimony 6.25c.
New York (ieneraL
New York. June 14. Wheat Spot. mar.
ket easy; No. 2 red, $1.68;, No. 2 hard.
$1.71; No. 1 Manitoba. $1.81: No. 2 mixed
durum, $1.65 c 1. f. track New York,
to arrive. s
Corn Spot, market easy: No. I yellow
and No. 2 white. 83c: No. 1 mixed, 82o
0. 1. f. New York, 10-day shipment,
oats Market easy; No. 1 white, 60c.
Lard Market easy; mlddlewest, $9.4$
09.96.
Other articles unchanged '
Liberty Bond Friers,
Now York. June 14. Liberty bonds at
nntn: 3s 68.46: first 4s, 87.44; second
4s. 86.64. first 4a. 87.60; second 4s,
SO. 90: third 4s. 91.66: fourth 4Us. 87.02:
Victory !s. 98.36; Victory 4s. 98.16.
Liberty bonds closed: 3s. 86.60; first
4s. 87.44; second 4s, 86.90; first 4s, 87.70;
second 4s, 86.80; third 4s, 91.48; fourth
4s, 87.04; Victory 3s, 8I.S6: Victory
4s. 18.36.
New Vork Produce.
New York, June 14. Butter Firm: re
ceipts, 11,701 firkin: creamery, higher
than extras, 33t34c; creamery extras,
32H033c; firsts. 29$39c.
Kggs Firm: firsts, iH0!TVie: others,
unchanged.
8hecse-8tanBy, unchanged.
Live Poultry Steadyi fowls, tie.
. Dressed Poultry Firm: western chick
ens, boxes, 2350c; turkeys, 206ic.
Chlcaga Produce
Chicago, June It. Butter Higher:
creamery extras, 32c; standards, 12c;
firsts, 27($31c; seconds, 20926c,
Kggs Unchanged; receipts, 35.461 cases
Poultry Alive, higher; fowls, 1240;
broilers, 30(7 36a.
london Metals.
London, .tune 14.- Standard Copper
krM, 173 l"s; electrolvtlc. 77- tin. fl!7
I l-'a, Cd; load, 122 Is, 6d; sine, i: 15s.
for The Bee by Sidney Smith. I
(Copyrlgnt. 1921, by Chicago Tribune Co.)
Bonds and Notes
The following quotations furnished by
the Omaha Truat company:
Appx.
Price Yld.
American T. T. Co. 6s, 1922 97 7.90
American T. & T. Co, 8a, 1934 95 7.70
Anaconda 7s, 1929 92 8.25
Armour 7s, 193 0 96 7.68
Belgian Govt. 8s, 1941 98 8.20
Belgian Govt. 7s, 1946 98 7.68
Bethlehem Steel 7s, 1923 96 8.80
British 6s, 1922 97 7.40
British 6s, 1929 4 87 7.60
British ts, 1937 , 84 7.20
C. C. C. & St. L. 6s, 1929... 86 8.45
Denmark 8s. 1845 99 8.02
French Govt. 6s, 1946 98 8.18
B. F. Goodrich 7s, 192$ 10 10.10
Japanese Govt. 1st 4a, 192$ 84 9.15
Japaneae Govt. 4s, 1931 , 68 1.75
Norway 8s, 1940 100 7 9!
No thw'm Bell Tel. 7s. 1941 (8 ' 7.18
N. Y. Central 7s, 130 100 7.00
Penn. R. R. Co. 7s, 130 101 6.86
So'thw'rn Bell Tel. 7s. 125 98 8.03
Swift A Co. 7s, 1926 96 7.1
Swiss Govt. Is. 140. 103 7.45
U. S. Rubber 7s. 1930 98 7.76
Weafgh'se Elec. 7s. 1931 98 7.16
. Bonds.
The following quotations are furnished
by Logan & Bryan, Peters Trust building:
Am. Smelt. & Rfg. 6s 76 76
Am. Tel. Col. 6s. 146 81 0 82
Armour 4s, 1939 77 0 78
B. A O. Ref. Is. 1996 68 0 68
B. A O. Cvt. 4s. 1933 67 67
Cal. Gas Unl. 5s, 1937 88 Bid
C, M. A St. P. Gen. 4. 1931 66 0 65
C. M. St. P, Gen. A Ref.
4s, 2014 68 0 60
C, R. I. A P. Ref. 4s, 1934.. 64 0 65
D. R. G. Col. 4s, 1936 63 0 63
Gt. Nor. 4s. 1961 77 78
111. Central Joint 6s, 1933.... 71 73
Mo. Pac. Ref. 5s, 1923 91 9
Mo. Pac. Ref. 6s, 1926 82 0 82
Mo. Pan. Gen. 5s. 1976 77 0 78
Rio Grande W. 1st 4s, 1939... 620 63
St. L. A S. F. Gen. 6s, 1927.. 84
St, L. & S. F. P. L. 4s. 1960 69 0 60
St. L. A S. F. Adj. Cs. 1955.. 63 64
St. 1j. & S. V. inc. 6s. I960..
60 61
66 0 85
820 84
72 0 72
47 4
80 11
72 72
S. T. A B. W. Inter 6s, 152.
Wilson 6s, 1941
K. C. Sou. 5s. 1959..
C. G. W. 4s, 1959..
Sea Bal 4s. 1989...
Colo. Southern 4s,
1935...
C. & O. 6s.
81 0 81
I. R. T. 5s 61 ES-,
Hud. A Man. Ref. 6s 66
66 V
Bid.
New York Curb Stocks.
The following quotations are furnished
by Logan A Bryan:
Allied Oil 4 5
Boston Montana 69 0 60
Boston Wyoming 13-16
Cresson Gold
9-180
Cosden Oil
Consolidated Copper . , .
Elk Basin
Federal Oil
. 60
. 1
. 0
. IS 0
'. i
Glenroek Oil
Island . Oil ,
Merrlt Oil ,
Midwest Refining Co. ..
Silver King of Arizona
Sapulpa Oil
Slmms Petroleum
Tonopah Divide
D. S. Steamship
IT. S. Retail Candy ....
White Oil
. 8
.132 0134
. 10 0 20
. 30 33
. 7 7
.10 1
. 18 0 18
. 8 f
.101 0 ....
Foreign Exchange Bates.
Following are today's rates of exchange
as compared with the par valuation. Fur-
nianert by tne feters National eana:
Austria
Belgium
Czecho Slovakia
.30 .2160
.1$ .0798
.0187
.27 .161
4.86 3.76
.193 .0798
- .238 .0143
.195 .0615
.196 .0511
.0071
.27 .1458
.... .0011
.27 .2230
.19$ .1675
1.00 .1921
Denmark
England
France . .
Germany
Greece
Italy
.Tugo Slavla
Norway
Poland
Sweden
Swlteerland
Canada
Chicago Stocks.
The following quotations are furnished
by Logan A Bryan:
Armour A Co., pfd 18
Armour Leather Co., common...... li'Ht
Armour Leather Co., pfd 82
Commonwealth Edison Co 103
Cudahy Packing Co.. common...... 46
Continental ' Motors 6
Hartman Corporation, common 76
Libby. McNeil A Libby. 7
Montgomery Ward Co 19
V-.tli.pol T ou t H or , 7 1
7'
Reo Motor Car Co.
Swift A Co.
17
92
24
43
Swift International
Union Carbide A Carbon Co.
Linseed OU. 1
Duluth, June 14. Linseed On track and
arrive. $1.2.
GRAIN
117 solicit your consignments of
" all kinds of grain to the
Omaha, Chicago, Milwaukee, Kan
sas City and Sioux City markets.
Wc Offer You the Services of Our Offices Located at
Omaha, Nebraska
Lincoln, Nebraska
Hastings, Nebraska
Chicago, Illinois
Sioux City, Iowa
Holdrege, Nebraska
Get in touch with one of these branch
offices wjfh your next grain shipment.
t
"The Reliable Consignment House" , ' ' l
South Side
Bank Head Goes to Chicago '
To Attend Loan Conference
Ford E. Hovey, president of the
Stock Yards National bank, left for
Chicago Monday night to confer
w ith other banking heads nf the mid
diewest. Before returning to Oma
ha Mr. Hovey will go to Washing
ton for an interview with Secretary
of the Treasury Mellon to talk over
loan plans which will provide finan
cial relief for stockmen of the west
and northwest who are in urgent'
need of funds to maintain produc
tion. The conference of banking
executives', the secretary of the treas
ury and representatives of big fjk
nancial interests will . start in ChU
caco todav.
Three Men Haled Into Police
Court on Liquor Charges
Tlrree men were haled into South
Side police court yesterday on liquor
charges.
Mike Markovich, 2723 Q street,
was arrested on charges 01 illegal
possession of liquor and running a
disorderly house when officers raided
his place at 6 a. m. yesterday. He wa$
fined $15 on the disorderly charge.
Nick Ronavick, 5301 South Twenty-eighth
street, was' fined $100 fot
possession of a half pint of liquor.
Walter Haffcrkamp, 3223 Q street,
was freed to appear this morning on
an illegal possession count.
Mrs. Aberley Held for
Examination as to Sanity
Mr. Mary Aberley, 60, a candidal
for city commission at the primaries
last April has been removed tO( the
county hospital. She has been "act
ing queerly," according to City Com
missioner Koutsky, who is her land,
loid. The complaint, charging in
sanity, was filed June 6 by E. M.
Leigh, attorney for Koutsky.
Leaves Police Department
W. T. Devereese.was formally re
tired from the police department by
action of the city council yesterday
afternoon. Mr. Devereese was re
tired two years ago and later wai.
reinstated. He now wishes to re
turn to the South Side packing plant,
where he was employed two year
as special agent.
Commencement Exercises. "
Commencement exercises for St
Bridgets school will be held tomor
row morning at 10:30 in the South
Side Orpheum theater.
South Side Brevities
Mrs. Max Bassett, sr., 4920 J etreet
South Side, will entertain the Ladles
Aid society of Lefler Memorial Mothodisl
Episcopal church at tea, this afternoon
ernoon.
Parish meetings of the Wheeler Me
morial church will be held tonight at I
at the home of Ira V. Knight, 4526 Soutt
Seventeenth street, and also at the honu
of Perry M. Wheeler, 1701 B street.
Deaths and Funerals
Funeral services for Fred Roos, 66
veteran butcher and resident of Omaha
for 35 yeara. who died Sunday In an
Omaha hospital, will he held thU
afternoon at the Hoffman chapel. Mr.
Roos lived at 2103 South Thirty-fifth
avenue. He le survived by four sons, n..
F. Roos,. C. H. Roos and W. W. Rooa,
Burial will be in Evergreen cemetery.
The body of Mrs. Francis A. Tucker,
former Omaha school teacher and widow
of the late superintendent of the Omaha
Council Bluffs Street Car company, ar
rived in Omaha from Florida yester- .
day and was buried In Forest Lawn ceme.
tery, the Rev. Titus Lowe officiating.
Mrs. Tucker died June .
Spend your vacation in Minnesota this year.
Write today for Aeroplane View Map
Free on request.
I"en Thousand Lakes tf Minnesota Assn.
739 Ryan, Saint Paul Adv.
NEW BIRCHM0NT
BEACH HOTEL
In the Pines and Birches on Beautiful
Lake BemldjI, Heart Tea
. Thousand Lake Region.
Entirely rebuilt and refurnished- Ser
vice and euisine unexcelled. Markham
hotel management. Wonderful golf links,
tennis, fishing, boating. One mile sandy
bathing beach. Porches screened and
glazed. Rot and cold water in every
room, also steam radiation for cool
days: Baths In hotel and cottages. Ar
tesian water, beautiful grounds, large
garage. Season July 1st to Sept. 16th.
Send for booklet,
BEMIDJI BIRCHMONT HOTEL CO.
Bemidji, Minn.
COLORADO Leading popular . priced
SPRINGS' ALTA tourist hostelry offering
VISTA HOTEL
rates now from $1.60 ur
Fine Cafeteria. FREE
BUS meets trains. Head,
quarters "Seeing; Pikei
Peak Region" Service.
CrriWAY BROS, Props
. Geneva, Nebraska
5 Des Moines, Iowa ' '
Milwaukee, Wis.
Hamburg, Iowa
Kansas City, Mo.