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About Omaha daily bee. (Omaha [Neb.]) 187?-1922 | View Entire Issue (June 26, 1921)
i Heavy U.S. Trade With Germany Feature of Year Business Between Two Na tions Technically at War Only $100,000,000 Less Than High Record. By HOLLAND. There is in the history of our world trade nothing to be compared with some features of the record made by the United States in its trade with Germany since July 1, 1920. On Fri day of next week the present fiscal year of the government 1 will end. ....Even before the close of this fiscal year it has been possible to make public the figures which tell of this trade, although those for the latter part of June are necessarily estimates. The record of this trade had been compiled by O. P. Austin, who is the statistician of the National City bank and is numbered among the most competent of American statis ticians. One peculiar feature of this record is the fact that it was made between two countries which are technically at war. If such astounding results in international trade can be secured in a year when two nations are, upon paper at least and with respect to certain formalities, at war, what may not be expected when, peace is offi cially declared. Early in the new fiscal year. cither by proclamation of t Vt a nfciMf ff Kir fAcnliittAn n A r - . -" f i n v rriri v rri. i lt-ai-ir whii i in 111.4 n v will be declared. Therefore in the fiscal year which is soon to begin our trade relations with Germany are likely to be relatively greater than our international trade with any ' other nation except Great Britain and Canada. $150,000,000 In Trade. Another feature to be discovered In tht astonishing: record Is the fact that It wna made In a year when heavy defla tion began In the United State, when con siderable busineis depression prevailed and when the total of our International trade wm much smaller than in any previous year since 1915. If all the world .had ,feeen able to do what Oermany ha ac complished no complaint respecting our International trade would have been pos sible. By July of this year our trade with Oermany for the fiscal year which ended the day before will be $450,000,000. This Is almost twice as much as our trade with Germany in the previous year, while In the fiscal year which ended June 30, 1919, our total trade with Germany reached only 110,000,000. So far as the record shows there Is re latively no increase In trade within a fis cal year which compares with this. It tends to bear out the statement which has been made by many who have vla ited (lermany that her statesmen and her (people are concentrating all their energies In an attempt to rebuild the na tion and do It while paying the billions In reparation which Germany has agreed to pay. What I'nlted States Sold to Germany. In the fiscal year which is now ending the money value of the commodities wh.ich we told to Germany was approximately $370,000,000. Two years ago our sales to Germany were so small as to be almost unnoilceable and a year earlier Germany bought nothlnt? rn the United States.; that being due to th fact that her armies were still operating. If we have been selUng commodities In large amounts to Germany the trade has not been entirely one-sided. We bought ' during the last 12 months nearly $100. 000.000 worth of German commodities. In the fiscal year which ended Juno 30, 1919, we paid less than $1,000,000 for German-maae goods. ... In the last year when peaceful rela &.tlons were maintained with Germany our 1"W. wjth whnt wa then the German " " '"".ft U,ft42'nted to nearly $660,000,000. ThSeforeItr' trade which gained so won derfully since July 1 of last year Is only about $100,000,000 less than the high rec ord of our trade relations with Oermany In any previous year. How Payments Made. r- Austin rfnM not renort either infer- ntlallv or absolutely how Gorman , paid for this excess of its purchases in the United States over our purchases ol German products. In somo way, how ever; about $3SO,000,O00 of Germany a purchase. In the United States wero paid for. It would bo almost impossible to trace these payments or to discover how many of them are represented by the granting of long-time credit. mi - w T.omnnf rACentlV Bald that In order to enable Germany to make its installments on account of reparation tt is necessary that it should aell more to other nations than it buys from them. Tot In the past 12 months it bought In tho United States commodities of the money value of $370,000,000 and sold to us prod ucts of its own manufacture of tho value a little over $100,000,000. It cannot make r .,fm.n(. ir its trade with the world reflects Its trade with the United Stateso in the past 11 months. Germany had need of food and raw ma terial which Its Industry could work up Into commodities ready for the rnarkots of the world. It bought heavily of wheat and flour, also of bacon and lard, and these food products which it bought are matched in money values by its purchase of cotton In this country. On the other hand we have been buying from Germany dye stuff, gloves, decorated china, as well as cotton, laces and em broideries. That the exports to Germany In the fiscal year which I soon to end will exceed In value those of any year prior to the war and were mado while war was technically continuing between the United States and Germany will be regarded aa one of the most remarkable or the many remarkable features which will Identify the fiscal year of 1.21. Judge Decides to Let Boys Dig as They Want With Hoe Virgil Wilson 13; Charles Thode, 14, and George Connell, 14, were sent to Riverview home by Judge Sears in juvenile court Saturday for steal ing automobile tools. Marcy Williams, negro, a fourth :;4 member of the crowd, was allowed to go home. He explained that they took the tools to dig holes. "These three boys can dig all they want to at Riverview home," said the judge. "We'll supply them with the toois. These tools are called hoes and they can dig the weeds all day long." Safe and 'Sane Fourth Planned at Beatrice i Beatrice, Neb., June 25. (Special.) The Beatrice Chamber of Com merce has decided to hold a safe and sane Fourth of July celebration at Athletic park in the evening. There will be a concert by the Municipal band after which there -will be a dis play of fireworks in charge of Fire Chief Harry Whiteside. ' Tony Seeks Passport. Tony Bonaccorsi applied for pass ports Saturday to visit his old home, Carletino, Italy. Turpentine and Rosin. Savannah, Ga.. June 26. Turpentine Firm: 61,c; sales, 154 bbls.; receipts. 67 bbls.; shipments. 1,084 bbls.; stock, 6,361 bbls. Rnsln Firm: sales, 314 casks; receipt, 1.278 casks; shipments, 2,034 cask; stock, 7,!s2 casks. Quote B. S3.60; D, IJ.S4; E, $3.65; F. $.1.60; G, $3.66; H. $3.70: I, $3.76; JK, J.0; M. $4 35; X, $5.00; WO, $5.80; WW, $6.50. Steady. Dry Goods. New York, June 26. Cotton goods were auiet and print cloth price steadier. Yarn were soft and curtailment among pinner increased. Knit good Tor women' wear were in fair demand, but heavyweight fall goods were slow. Wool good were steady. Burlaps were quieter and less firm. Linens were - offered at slightly lower price from abroad. ' London Money. London. Jun 25. Bar Silver 3H4 Pr ounce. Money 4 per cent. Dtscryrnt Rates Short bills, 54 per cent; J.nontb' elUs, tQi 1-U per cent "V Market, Financial and Industrial News of the Day ... . , i i Live Stock Omaha, Jun IS, Receipts werei Official Monday.... Official Tuesday ... Official Wednesday. Official Thursday.. Official Friday Eatimat RnturiUy. Six days this wk.. Same days last wk. Sam two wks. ago. Same three wk. ago Same days yr. ago Cattle. H of. Sheep. ., (.301 11 010 11,383 , 6.161 , 7.341 . . 1,377 100 27.833 29.186 28.332 ,26,078 27.761 ,110 ,533 043 443 500 ,738 .113 ,188 17 ,44$ 11.488 $.?14 8,920 6,777 45,781 35.023 21.76 30,601 25.417 Receipt and disposition of live stock at the Union stock yards, Omaha, Neb., for 24 hours, ending at 1 p. m., Jun 16. 1921: RECEIPTS CARLOT. Cattle Hog Mo. Pac. Ry 1 Union Pacific R. R C. A N. W. Ry., east , C. & N. W. Ry., west 1 " C, Pt. P., M. & O. Ry C B. & Q. Ry. esst C, K. A Q. Ry., west 1 1" C, R. I. & P.. east J C, R. I. ft P., west Illinois Central Ry C, G. W. Ry 1 Total recslp'.s DISPOSITION HEAD. 138 Hogs ..2398 ..2663 .. 315 ..1240 ..1777 .. 828 .. 689 Armour A Co Cudahy Packing Co Hold Packing Co Morris Packing Co Swift & Co J. W. Murphy Independent Packing Co Total 06' Cattle only about 100 head of cattle were on sale this morning and the mar ket was nominally steady w;h yester day. The week' receipts ol 27.S01 are almost as large is a weok ago. Steers sold higher at the start of the wk, but declines that set In Wednesdav carried the market on both bef and butcher stock back to the low point of last week, the upturn being all lost and In iim( cae more too. Feeder suppllc wre limited throughout tlw week but the dmrri Is very llirht and the mantel ruh-d dull at bare:y steady prx. Quotations on cattle: cholc to prime beeves. I8.00J.S5; good to cholc beeves. $7.507.90; fair to good beeves, 7.50: common to fair beeves, f' jjf J. 15. cholc to prime yearlings, l"-00l.a6; good to choice yearlings. $10.00; fair to good yearlings. $7.16fl)7.60; common to fair yearlings, $6.767.25; choice to Prim heifers. $7.0007.76; good to Oholo belfers $5.60(5)7.00: choice to prime cow. $ 5.7 6.26; good to choice cows, $5.16 6.71 ., fair to good cows, $4.60 6.15; common to fair cows, $1.603.75; good to ohou. feeders. $6.767.15; fair to good I ted!. $G.266.76; common to fair fder,;.': 6.26; good to c hole stockers SS.I 60 7 26- fair to good .Welter, M.00 S.B0. common to fair stockers, $6.00.00, s7ok heifers. $S.606.00; .took cow. $3 001.76; stock calves, $5.007.15; veal calves? $5.6010.O0; bull. etc $3.506.00. Hogs The week Is closing w Ith J rathe? liberal run of hogs about .,500 head showing up. Trading by lower bids, but demand appeared to M nyirly broad and most of the supply .old at prices hardly more than a dim lon. Some steady business was, reported i and . Ua mafUnt WAFA 0110100 HI steady to 15o lower with trade closing at the full oecune. inuio.. -". 8,000 head and .h.ppmg demand wjj limited. uesi nsm. ""?"- . ,lf,i and bulk moved at $7.858.40. A little Improvement nas occurreu ,ngP the past w.ekand current vain .on the aversge trade showing an advanc of about 4,c. HOQg . n n VTrt A v Rh . Pr. I. iin in a 06 62. .270 40 "10 56::244 70 i 15 76..120 ... 8 tullli . . 8 35 83.. 205 40 8 40 J5..203 110 8 80 73. .212 ... 8 66 Sheep No sheep or lambs were received today and prices were nominally a Receipts for the week have been fairly liberal, consisting mostly of weter" springers, and the trade in this clas of sTock has been up and down with values . trin. jf.nr.KnAa Rnrtnif lambs that sold up to $12.60 on Tuesday 5?odppaed 'to a HmU of M0.75. wuh bi.t K' , , . iiaaa sheen native springe n - - - have been relatively scarce and are tnK to a quarter nigner ior mo No feeders of consequenc are going to the country. . i , Quotation on eneep: npnnj $9j0010.76; shorn yearlings, $7.0008.76. shorn ewes, $S.004.26; cull ewe, $1.00 2.00. Chicago Live Stock. Chicago. June 25. (U. S. Bureau of Markets.) Cattl Receipt. 1.000 head; market compared with week ago: Choice prime fed steers. 1025o ftwer; In be tween grades, 25 50c lower; common and grassy kinds, 76c$1.00 lower: butcher she stock, slow, generally steady; can ners and cutters and bulls, 2550o lower; veal calves, 6076e higher; spot cow and heifers, 25 50c lower ...... Hogs Receipts. 6.000 head; light nogs and butchers steady to strong, others mostly 10 16o lower than rejtwd"" average; top, $8.80; bulk, $B.10$.75; pigs, nominally steady. . , Sheep Receipts, 6,000 head; todays , . - .11- . . n.n1r.ra nmmiroii With reuuipii, .ill r v . . iu . - week ago; lights mostly steady; some na tives lower; low grades and heavy sheep around steady; fat handywelght mostly DUO nigner. , St. Louis Live Stock. a. T ...... Til Tun. Pftttln J,aSl Dl. UUUi ill.. vw..w - v Rfn-pipts, 800 head; compared with a week ago. native steers, light yearling and bulls steady to 25c lower; Texas steers. 2550c lower; cows steady; stockers and canners 25c lower; veal calves 60c to $1.00 lower Hogs Receipts. 2,000 head; market slow about steady; butchers strong to 10c higher; light weights and lights 10c lower; top. $8.80; bulk lights and medium weights, $8.608.75; no heavies here; packer cow steady; few pig going un- Sheep Receipts none; practically no market: about 400 best holdover lambs sold at $9.00, with culls out at $4.60; over 1,000 unsold; market compared with week ago about steady. Sioux City LIT Stock. Sioux City la., June 25. Cattle Re ceipts 1,000 head: market steady; fed steer and yearlings, $4.008.60; fat cows and heifers. $3.6007.60: canner.; $1.00 3.75; veals, $6.00010.00; calves, 6.00: feeding cows and belter, $2.604.26, stockers. $4.506.60. Hogs ReceiptB, 0 head: ."Jt stiady. 16o lower;"-light. $8.16 8.46; mixed $8.008.26; heavy, 7.768.00; bulk, $7.858.30. , , . " sheep Receipt, 0 head; market steady. Kansas City Live Stock- l Kansas City, June 25. (D. 8. Bureau of Markets.) Cattle Receipts, 115 for week; beef steer, steady to 25o lower; he stock, weak to 25o lower; canner and bulls, steady; calve, mostly 6075o lower; stock calves and stock cows and heifers, steady. Hogs Receipt. 800; stesdy to strong with yesterday' average: light and medi ums,8.508.65; no heavies on ale; bulk of sales. $8.408.66; top. $8.65. Sheep Receipts $00 for week: sheep, ZolffdUO nigner; jkiiiub. iwvvt. .o (St. Joseph Llv Stock. Rt JoseDh. June 25. Cattle Receipts, . . , . . i. .Miiiitt . generally steady tor week; steers, --50iec'" and heifer. $4.00r.v; caive ...vW 8.60. . . Hogs Receipt. 1,600 head: "a"; strong, 6o higher; top, $$.66; bulk, $8.40 VVS.6U. , . Sheep Receipt. 200 head: market, nominal; lamb. $$.6011.00; owes, 1.00 4.25. New York General. New Tork, June 25. Wheat Spot easy: No. 2 red, $1.64; No. 1 hard. $1.58; No. 2 mixed durum, $1.51: No. 1 Manitoba, $1.81 all c. L f. track New Tork first half July. Corn flpot steady; No. 1 white and No. 2 yellow, 82c; No. 2 mixed, 820 all c 1. t New Tork 10-day shipment. Oats Spot quiet; No. 1 white, 60e. Liberty Bond Price. New Tork, June 25. Liberty bonds closed: 8Hs, $7.72; first 4s, (6.30; second 4s, 86.60 bid; first 4 Ha, 87.40; second 4Hs, 86.76; third 4- 91.22; fourth 4U. 86.74; third 4K. 91.22; fourth 4, 98.38. Dried Fruit. New Tork, June 35. Apple Iraporat. ad, scarce. Prune and Apricot Better demand. Peaches Steady. Raisins Quiet. Chicago Oils. Chicago, Jane 36. Gasoline, tank wag on. 18c; erlc tatlon, 10c; machine, $8 4c Carbon, Perfection, iron barrels, 10.6c; black oils, summer, 13.9c; winter, 14.4C Kansas City Prod nee. Kansas City, Jun 35. Egg lc higher; firsts, 26c; seconds, 20c Butter and Poal try Unchanged. Ha Silver. ' New Tork, June 25. Bar Silver Do- restic, 9sc: roreign, f7sC Mexican Collar? 4 a. Financial By ALEXANDER NOYES. Chicago Tribone-Oaiaha Dee Leased Wire. New York, June 25. A week-end stock market is always watched with interest as an indication of the specu lative position. When continuous liquidation is visibly in prospect, as it was in the markets of last Novem ber, professional speculators direct their effort to forcing down prices at the close of the week. But if the pressure of real sales has suddenly relaxed, the "bear operator" will usu ally be busy withdrawing from his speculative commitments, because he does not know what may happen over the holiday. This was clearly enough what happened today. Open ing quietly, the market moved up steadily with the progress of business and ended with something like a burst of strength. Advances of 1 to 4 points were numerous and prices pretty uniformly closed at the day's highest. At the end of a week marked in an unusual degree by tho change from utter despondency to reviving cheerfulness, gains and losses are evenly divided on the stock exchange as compared with th closing prices of a week ago. There are net advances for the week of 1 to 9 point and net deollnes of 1 to 7. The fact of largest significance, however, I the extent of recovery from the low prices reached In Monday's and Tuesday' liquidation. This recovery has ranged be tween 5 and 14 points in the dozen most active industrial shares and has averaged more than 4 per cent In the leading rall wav Issues. It may be worth while to point out again that no such rapid and general upward reaction was witnessed after any of the spasmodlo declines be tween March, 1920. and April, 1921. Whether it signifies less confidence In their own position by speculators for the decline or greater confidence In their by purchasers of stocks, and whether o. not it is anything more than a temporary phase, th facts are there. Foreign exchange was inactive today and it Is apt to 'be of a summer Saturday. The weekly statement of the associated banks reported only $14,400,000 reduction In the loan account following the $H. 600,000 Increase of the preceding week, the tax-paylng period. New York Quotations Range of prices of the leading atock furnished by Logan & Bryan, Peter Trust building: RAILS. High Low Close Friday Close m a. a v 7 mi 78 78'i 78 Ba'ltlmor ' Ohio. 86 35 36 34 Canadian racuic.i" i N- .0tl- Ml 6iU 47 Chi. at. Western. 714 714 714 Illinois Central... 891, 88 8914 88-4 Mo., Kan. & Tex. 2 2 3 x Kan. City ttomn. jjji jg Missouri Pacific.. 8 4 7 8 IT N. T., N. M. n. im ..if North. Pacific Ry. 6914 68 68 6 p"-V'b :::::: z renn. n. 63t eaa,ng f .... -j- South Paflo Co. 72 1014 72 70 8outh,.Rallway... 11 M H Chi.. M.1. bi. r. "s Union Pacific 115 US , U5 114 Wabash m i t STEEL. . .nn., . 11 Xinaln? M Am Loco co..... i Beth Steel Corp.. 45 43 43 Colo Fuel. Iron Co 27 27 27 ..... Crucible Steel Co.. 67 64 67 64 Lki: sa iS Midvale steel, uro. z.n '-. - Prewed Stl car u z i; Rep iron, Hioei vu jjs -- ,iir Ry Steel Spring.. 75 75 75 73 Sloss-Bher ot I. iron ... ..... - , & Utd State Steel.. 73 72 73 COPPERS. Anaconda Cop Mln 3714 3614 37 35 Am Smlt. WJ uo jo " in Chile Copper Co. 10 10 10 SaSreop:: 31 Kennecott Copper. 18 18 18 18 Miami copper o. - ' r: - Nev Con. Cop Co. 11 Ray Con. Cop Co. 12 11 JJi Utah Copper Co.. 49 47 48 47 4 INDUSTRIALS. Am Beet Bug Co.. 29 26 29 27 Atl O & W I 8 S 24 22 24 22 Am internal Corp 33 33 33 31 Am Sum Tob Co. 62 47 62 48 Sf S-tS!:::. I til ioj Am Agr Chem Pro 17 16 37 36 Bosch Magneto Continental Can.. 46 46 46 ..... American Can Co. 26 25 26 24 Chandler Mot Car 61 48 51 60 Central Lthr Co... 35 34 35 33 Cuba Cane Sug Co 9 8 H Cal Pkg Corp 66 Cal Pet'l'm Corp 39 37 39 38 n ."--., n rrt ft KtK fi ft 64 ' "III lll,l B ,a . e . .a Nat Enam, Stamp. 45 43 45 4 Flsk Rubber Co.. 12 12 12 Gen Electric Co... 127 126 127 128 Gt North'n Ore... 26 26 26 26 n . . -i ia o . in 9 Kiftn annum i.s j. " t tr.. ,7 Goodrich Co 31 81 2J Inter Harvester... mm - Haskell, Brkr Car 52 62 52 ..... U S Infl Alcohol. 52 60 62 50 10 1. 11 Si 13 V. 13 inter jiunn ; - : :: Internat Paper Co 63 51 62 60 isiana uii t. 7f - . AJax Rubber Co.. 23 21 21'i irll.gnr'h'M Tlra 37 36 37 35 Ke'st'ne Tire, Rub ..... JJ4 Int. M. M -. 10 iv J 'T. Maxwell Motor ... 1 314 Mexican Pet 117 114 117 113 Middle States Oil. 11 10 11 10 pure Oil 26 25 28 26 Willys-Overland .. 6 4 6 6 T-l., SMI 94 as 33 riwuiu vu ....... " " " - - . , - . Pan-Am. P. & T. . 60 49 60 48 . .n.j lOIZ Fierce-Arrow iiih i ' it Royal Dutch 61 61 61 50 .i o tj..uk Ktll S5U 62 Am. Sugar Rfg!!!. 76 73 74 71 Sinclair o. u... a iv j Sears-Koebuok .... 71 8 71 68 i ..t. mn on U. A SB14 Studebaker Corp... 74 71 73 72 Tob. Prod 64 62 64 61 Tran-Con. OIL... 8 7 7 J Texa Co S3 $2 13 32 U. S. Food Pr 17 -17 17 16 White Motor 3 West. E. M 44 43 44 42 Am. Woolen 69 67 69 67 Total sales, 32,auu snares. :- Money Friday' close, 6 per cent. Sterling Close. $3.73; Friday' close, $3.72. New Tork Cotton. New Tork, June 25. The New Tork Maii-At wna favnrahlv influenced by tho British labor new of this morn ing. Liverpool was a ouyer, nu unci opening firm at an advance of 2 to- 22 poiiiia, rn- li . o ,i, ..... .... . - - above last night' closing. A southwestern report, making me conu.uon i on 67.80 and the decrease In acreage 19.1 per cent, pointed to an improvement of only 2.2 points for the month and prob ably contributed to the advance. Another private report, making the eon- .t.i.. n AO Affalnat 66 last month, and reports that July notices wcra promptly aioppeu m ; X I V ' sent th market up to 12.24c for October, or 40 points net higher. later In the heavy reallring, and last prices -showed reactions of 25 to 30 points from the best, the close being easy and Irregular at a net advance of 17 to 28 points. New Tork Honey. New Tork, June 25. Prime Mercantile Paper per-cent Exchange Irregular. . ., Sterling Demand, $3.71 ; cable, 13 74 Franc Demand. 7.99c; cables. I.Ole. Belgian Franc Demand, 7.97c; cables, ''Guilder Demand, 33.82c; cables. 31.12c. Lire Demand, 4.80e; cables, 4.90c. Marks Demand, 1.34c; cables; 1.35. Greece Demand, 6.96c. Sweden Demand, 11.30c. Norway Demand, 14.35c. Argentine Demand, 10.37. Braslltan Demand, 11.60c. Montreal 11 2-16 per cent discount Maw Tork Produce. New Tork, June 25. Butter Firm; creamery, higher than extras, !5Q35c; creamery, extras, 84e; creamery first. 11014c Eggs Firm; fresh gathered first, 190 11c: firsts. 2618a Cheese Firm; unchanged. Poultry Live, quiet; no quotations. Dressed Steady; unchanged. Many bargains are to be found on The Bee .Want Ad pages. THE tiKti: UMAriA, OUlNUAi, uuim I . sslass i . Chicago Grain By CHARLES D. MICHAELS. Chicago Tribune-Omaha lice Leased Wire. Chicago, June 25. Crop news from the northwest was mostly bullish and there were heavy rains in the southwest, yet cash houses in that section were free sellers of wheat here for July delivery. A general week-end evening up was on and at the finish July wheat showed a loss of y3c, while September gained lf.tc. Corn, although having a break, fin ished well toward the high point, with gains of jlc, and oats were up iiHc, while rye gained -H$c for the day. The trade was greatly divided because of the various con flicting reports. Closing prices compared with a week ago show gains of 2 cents on wheat, -Sc on oats. If42c on rye and 211c on barley, while corn is Hiic lower. Provisions were up 20 cents on pork and 22jc on lard, while ribs were unchanged to 2ljC higher. Sell July Wheat. Action of the southwestern cash houses In selling July wheat, with cash prices at Kansas City 2 to So higher and a wet harvest on there, led local holders and others to sell wheat in Chicago, which tended to paitly offset the effect of black rust and crop damage reports from the northwest, tent In by Crop Experts Snow and Lecount. Chromwell, the Wagner crop expert, after a tour of the northwest, takes a different view and says rust In the spring wheat country Is of little con sequence. Houses with eastern connec tions were oo.1 sellers of July wheat and export business was limited, with only 100.000 bushels sold. Exporters bid 27c over July for hard winters at New Orleans, June shipment, and 20c over Galveston for the first half of July, with the last half 16o over. The week's movement suggests another de crease in stocks hero, although primary receipts of 7.072,000 bushels were the larg est at this time In more than five years, and 2.439,000 bushels in excess of a year ago. July was up to $1.81 and closed half cent below that point, while Septem ber was $1.26 and closed with a 're action of half cent. Country offerings were larger. Long Sell Corn. Local longs were good sellers of corn, going out of a large part of their hold Insg on the break. At the same time there was active coverings by traders who had corn sold at a higher level and wre taking profits. Some of the lines sold out early were taken back later In the day on the hreak. July was up c to 63a early, with the low point half cent under the previous day's close. September closed at 63?6Sc, or close to the top and more than lo above the low point. Slowness of the cash trade, with sales of only 65,000 bushels, was a depressing early factor, but the rally In futures at the close had a strengthening Influence on cash values and the early loss was re covered. Primary receipts of 6,879,000 bushels for tho week' were the largest In five years, with the exception of last year. Heaviest trading in oats wa at the last, Northwestern and seaboard houses buying and earlv sellers covering, roo new was unfavorable. Primary receipts for the week at 3,273,000 were below the average. July rye was bought by seaboard ex porters and sold by spreaders. There were inquiries for cash rye from exporters and carlots brought 3 cents over July on truck. Prices advanced and closed at the top. Pit Notes. Beneficial rains were reported as falling In Argentina in cables from Buenos Aire yesterday. This is expected to relieve the drouth which has prevailed in the north ern part of that country. French government has decided to Im pose an Import duty of 30c per bushel on foreign wheat, effective July 1. when the grain trade will be decontrolled. If the international price of wheat advance abnormally the duty will be lowered ac cordingly. One of the largest local operators says he would not advise buying of wheat, but believe, corn and oats are selling too low to give the farmer any profit. Northwestern houses ana tnose wun connections in mat Becnon were bcuvb hnvers of offers on September wheat yesterday, advancing the price from $1.29 to $1.31. minion food Is offered sparingly. Is stocks are liKht and comparatively little is being made. The price la jzo.ou in bulk at Chicago. Onod nroeress is being made In re moving the grain from the Northwestern elevator at Foutn umcago, wmcn recenujr exploded. There wa 6,770,000 bushels, mostly corn and oats, In the tanks at the time of tho explosion. All will be cleaned out inside of two weeks. Repairs on the elevators have started, but it is not ex pected they will be finished inside of eight to nine months. CHICAGO CLOSING PRICES. By Updike Grain Co.. DO. 2627. June 25. Wht. July Sep. Rye July Sep. Corn July Sep. Dec. Oats July Sep. Dec. Pork July Sept. Lard July Sep. N Ribs July Sep. 1.31 1.21 1.28 1-30 1.30 1.31 1.30 1.31 1.24 1.26 1.23 1.25 1.23 1.24 1.26 1.24 1.24 1.24 1.22 1.23 1.23 1.08 1.09 1.08 1.09 1.09 .62 .63 .61 .62 .62 62 .62 .62 .63 .62 .6314 .62 .62 63 .61 .61 .60 .61 .61 .38 .38 .87 .38 .38 , .40 .40 .39 .40 .40 .43 .42 .41 .42 .42 42 17.80 17.80 17.80 17.80 17.76 18.00 18.00 18.00 18.00 18.00 10.17 10.20 10.16 10.15 10.17 10.65 10.55 10.47 10.47 10.60 10 37 10.37 10.87 10.37 10.40 10.70 10.75 10.65 10.66 10.70 Minneapolis Grain. Minneapolis, June 25. Flour Un changed. Bran $15.09. Wheat Receipts, 282 cars compared with 214 cars a year ago. Cash: No 1, northern, $1.43 1.63 ; July, $1.13r September. $1.01. Corn No. 3, yellow, 4950o. Oats No. 3, white, 34034. Barley 45 61c. RyeNo. 2, $1.1701.12. Flax No. 1. $1.811.83. St. Louis Grain. St. Louis, June 25. Wheat July, $1.25; September. $1.23. Corn July, 69c. September, lc. Oats July, 87c; September. 40c. Kansas City Grain. Kansas City, June 25. Close Wheat, July, $1.21; September, $1.17. Corn July, 56c; September, 68o. Linseed Oil. Duluth, June 25. Linseed on track and arrive, $1.85. Farm Mortgages , 7 39 Year of Loaning Experience Without a Lots to the Inveitor. Write for List Kloke Investment Company 845 Omaha Natl Bank Building. Phon Doug. 1180. MSHIP CK And Tours to Europe end all parte of the World. Trip via the Great Lake. Foreign Exchange 4' STtA riTTXTTN A V TTTXT1? OS 1001 Omaha Grain Omaha, June 25. Cash wheat prices were unchanged i i.:i.. !m h arnnrl cradrs. NO. 1 hard was a cent up, No. Z nara unchanged to iz nigner anu -hard unchanged to a cent up. Corn was a cent higher to JJc low". White was up a cent and yellow Vic while mixed was tfc lower. Oats , u-.r.Uar Rv and barley were -.- were about unchanged. Grain arri vals today were moderate. WHEAT. No. 1 hard: 2 cars. $1.13. No 1 hard: 1 ears, $1.33; I car. - 1 car. $1.31; 6 cars. $1.30; 2 car., $1.30 '"So'Thard- 1 cars. $1.28; 1 car. $1.17; 1 car 11.16; 1 car. $1.26 (.mutty); 1 car. 'Wii 1 (ToUtt6y)h:a?d,;Tcarl $l,.29 (heavy); t car. No. 1 'mixed: 1 car, $1.24 car $1.12 (12.5 Per cent spring, 87.fi per "iTrnTxed: 1 car $1.08 (durum.) . Sample mixed: 2-1 car, $1.08 (57 per cent durum.) CORN. No. 1 white: 1 oar, 66c. Nn 1 yellow: 7 cars, 62c. No 2 yy.llow: 3 car. 52c; 1 car. 51c $2$:Z$$ -r , 41c. ,S,xSCaarr:"cC-(hlgh color); I cars.'49c; 2-6 car, 49c. No. 6 yellow: 2 cars, 43c (hJwtJVJ . Sample yellow: 1 car. 18c (heating); 1 car' I8C- OATS. No, 2 white: 1 cur. 14c. No. 3 white: 4 cars, 83 c. Sample white: lRCar. 32c. No. 2: 1 car, $1.10. No. $: 1-3 cr,.U.t No. 4: 1 car, 50c. Rejected: 2 cars. 48c; 8-6 car. 46c. OMAHA RECEIPTS AND SHIPMENTS. Receipts- ' Today Ago Ago Wheat 4 J, gal. ::::::::::::::: 11 1 T'T. ?6 64 2 Corn ! 1 ,i Oat. ' , " j 5?S - - k PRIMARt" RECEIPTS AND SHIPMENTS. wtttrr. ass 'hms Corn 993,000 Oats Shipments-. m 1.025,000 Corn ............ 470,000 688,000 Oats ............ 347.000 463,000 CHICAGO CAR LOT RECEIPTS. Today Ago Ago .:::::::::::::.45 1 Oat. i' 1U" KANSAS CITT CAR LOT RECEIPTS. Today Ago Ago Wheat 263 180 133 Corn ?? " 'I Oat " ST. LOUIS CAR LOT RECEIPTS. Today Ago Ago 11 Si Sat. ::::: 41 37 44 NORTHWESTERN CAR LOT RECEIPTB Week Tear Todav AKO Ago Minneapolis " " Duluth 1S -;i 'J Winnipeg ' " Chicago Potatoes. Chicago. June 25. Potatoes Old, not 1 ..anoints 11 cars: new Irish cobblers, '$3.5003.85 per bbl.; North Carolina. j.vvpa.i. For July Funds UNUSUAL opportunities await those funds which will be ready for reinvestment July First. Present investment Bonds offer the desired de gree of security and the additional attractive ness of a larger interest return. We suggest the following; Bonds, selected from our current list, for the reinvestment of your July maturities : Issue. ' YWd. Republic of France 8s OS ; 8.02 20-Ir. Ext. Gold Bonds, due June 1, 1941. (Non-callable.) Kelly-Springfield Tire Co. 8s 99H ...8.63 - 10-Yr. S. T. Gold Notes, due May 15, 1931. (Callable each year by lot after 1923 110.) Kansas City Terminal Ry. Co. 6s 96.44 7.00 10-Yr. Gold Notes, due July 1, 1931. EI Paso County, Texas 5.90-6.00 5 Bond Bonds, due Feb. 1, 1923-49. Belton, Missouri, School District 5.75 6 School Bonds, due Feb. 1, 1923-36. Lyon County, Kansas 5-SO-6.00 6 Road Bonds, due July 1, 1922-41, Ask for our July Circular. We soHcit quotations and orders to the principal markets over our private wire. INVESTMENT BANKERS H. E.HARRIS, R. Mgr. 701 Peters Trutt Bldg. lllllllllll 4 per cent interest paid on savinft interest compounded quar terly. Deposits protected by Depositors' Guaranty Fund Df the state of Nebraska. Your funds subject to with drawal without notice. American State Bank Eighteenth and Faraam St. I). w, Gelselman, President D. C Gelselman, Cashier. H. JL Krogh, Aist Cashier. Q!llllllI!IIIPJIIIii!!!l!lll!l!!!III!llll!!II!!; I 1. 1 itafii ii i LJ a i vse Bonds and Notes Th following quotation furnished by the Omaha Trust company: Appx. . Bid Asked Vld. A. A. Ch. 7. 1941 93 94 8.10 Am. T. A T. Co. 6. 1932 97 97 8 0 Am. T. & T. Co. 6s. 1924 95 95 8.00 Anaconda 7. 1929 91 91 8.50 Armour 7s. 1930 94 94 7.0 Belgian Govt. 8s. 1941... 97 97 S.25 Belgian Govt. 714s. 1945 98 98 7.62 Beth. Steel 7. 1911 96 96 $.34 British 6s. 1923 97 97 7.43 British 6s. 1919 87 88 7.42 British 5a, 1937 1 86 7.10 C. B. & Q. Jt. 6. 1936... 96 96 4 90 C. C C. & St. L. 6s, 192 86 86 8.40 Chile 8. 1141 94 96 $.63 Denmark I. 1946 99 99 8.05 French Govt. 8s, 1945... 91 97 8.32 B. F. Goodrich 7; 1925.. 89 9 10.26 Gulf Oil Corp 7. 1931.... 96 96 7.63 Jap. Govt. 1st 4., 1925 14 84 9.76 Jap. Govt. 4a. 1931 69 69 3.80 Norway Is. 1940 100 100 7.98 N. B. T. Co. 7s, 1941.... 98 100 7.00 N. T. Central 7. 1930... 99 100 7.00 Packard Is, 1931 94 16 8.63 Penn. R. R. Co. 7s, 1930.. 101 101 1.77 S. B. T. Co. 7s. 1926 96 96 1.01 Swift & Co. 7s, 1926 96 96 8.24 Swiss Govt. 8s, 1940 101 104 7.68 T'dew'ter OIICo6s. 1930 98 93 7.16 IT. 8. Rubber 7s, 1930.. 97 9S 7.18 Vacuum Oil 7s, 1936 99 100 7.00 Wesfgh's El. 7s, 1931... 99 100 7.00 Standard OH Stock. The following quotations are furnished by Logan & uryan, reters Trust ouiiaing Anglo Borne Scrymser . C'hesebrough Chesebrough, pfd. Continental Crescent Cumberland Eureka Galena, com. . . . . Oalena Old, pfd. Galena New, pfd. Illinois Flo Indiana Pipe National Transit . New York Transit Northern Pipe Ohio Oil International Pet. Penn.-Mex Prairie Oil Prairie Pipe Solar Jtef. Southern Pipe ... South Penn. Oil .. S. O. Penn Oil ... S. O. Calif 8. O. Indiana ..... 8. O. Kansas ... S. O. Kentucky .. S. O. New Tork . . S. O. Ohio 8. O. Ohio, pfd. , Swan a'nd Finch Union Tank Union Tank pfd. Vacuum Washington Foreign Exchange Bate. Following are today' rat of exchange a. compared with the par valuation. Fur nished by tho Peter. National bank. Par Valuation Today Austria 10 -0021 Belgium AV -22?2 Canada rr.echo Slovakia .vitv Denmark ," England ', France t" ?!?? Germany .013 Greeco J" nial Italy 195 Jugo Slavla ; -JJ" Norway " liii Poland Sweden isl Switzerland -1685 Chicago Stock. Th following quotations are furnished by Lognn Bryan: Armour 4 Co. pfd J" J Armour Leather Co. common 12..... ..... . . .... r .1 M i IX ril . . . . . Armour wamtr v, r:'"x Commonwealth Edison Co. ... 10 cudany racaing imuo. .... r -- Continental Motor. Co. pfd. .. 6 e Hartman Corporation com. ... 75 Ltbby, McNeil & Libby ,1 7 Montgomery Ward Co xVfrlL'mm'si National Leather 6 8 Reo Motor Car Co. llf,'.;" Swift & CO 0 U Swift International .......... Jfgi:i; Union Carbide & Carbon Co. .. 41 41 OMAHA, KANSAS CITY DOugla 6816 This Is an Institution Where in Yon Will Find the Para mount Idea Is How Best It Can Serve Its Patrons. And "serve" in this instance means not only adherence to a safe, conservative, yet pro gressive financial policy, bnt the constant endeavor to give at every turn an interest and a courteousness in every de partment with which you may come in contact. Ton will find it a pleasant connection to have your ac count with this bank. 10 w II .71 71 .146 0155 . 96 O100 .100 0106 .26 28 .105 OHO .76 $10 .32 O 35 .88 O 91 ,88 ip it .148 f163 69 73 13 & 13 110 120 86 O 90 238 243 12 13 20 (fi 25 390 400 160 $164 840 360 75 80 148 $155 60 65 , 670 68 630 63 KfiO IKIK70 875 390 298 0308 .'330 350 109 (pllll 25 15 , 240 I60 28 32 110 140 78 81 Z . I Omaha Produce ..4 rM.M AtintAtlnii furnlhd by Glllniky Fruit company t Orp Krult 46. U.00; S4(, 9T.00; 14- 7O0ani!"sunklt, 11. I0 W. 16.26: 1T4-100-1K .60; IS. 6.1; S8N. M.dO: I4, S.76. . ... ri.ij.. Haw). tlAAA, SAAa irfmiwi v... .... .. t i - Golden Bowl. 113.00 i tOO SUvar Cord, Appl'!-Ili-'lli. J.U; 1SI-1S0-16S. J3.25; 174-100. U.75. California Fruit Paoh box. 11.76; apricot, rrat. ll.OOi lara, rd plum, crat IMS; tu Lf. black oherrle. '3'ca'ntaloup Standard. IJ.IS! Ponloa. IJ.00; Flat. Il.it. . . . Watrmlon Crtd, pr pound, 8Hc. , tt I D i ... . ulnt. II fifl. 1 n- Banberrlea, 14.60; blackbrrl, I4.0: half boxes urp. rn, ij.rnuu. auu Xpotatoa Old took. Vr owfc, I: New Triumph, Pr Wt., 13.161 Virginia, 13.00; Hamper Sweet. 11.60. Cabbaxo uailiorni, oraioe, uu, wn fornla. mall lot to. onn one Yellow, erat. ll.T8; Crytal Wax. crat. 11.16. M Feanuts aua, lu-puuua 30-pound pall, per poJa, llcl lO-pound carton, per pound, 1H,0! barrel. 176 rounds, per pound, llo) No. 1 raw, c. No. 1 roaat. UHo; Jumbo raw. 14c; Jumbo roait, 17o. Vegetable Cucumber, H. O., bainet. S doen market; Hpr. wax bean, mar ket: Hpr. green ben, market; tomatoe (4 baeket Texa.) 11.76; turnip, per do.en, market; beet., pr don, market; oar- rot, per doien, maraei; eggpiani, doxen, market; bead lettuce, per uo.eu "liipMk Ba.keU-Per oral (360 ba.- ""nVw 'Date Dromedary (It package.) "checker and Cracker Jack Prlie, 100 its 17.00: no prl.e, 100 to cae, prlie, 60 to case, 13.60; no prlxe, 60 to case, 13.40. r Mew York Curb Stock. The following quotation ar furnished hv i.nrsn s fsrran: Alllprf Oil Boston Montana . . . Ronton Wyoming Cresson Ooia mi Consolidated Copper E1K Basin Federal OH Glenrock Oil Island Oil Merrlt Oil Midwest Kenning i-o Sliver King of Arizona C.rln. (Ill 81mm Petroleum Tonopah Divide U. S. Steamship U. 8. Retail Candy Whit Oil v Cblcag Produce. Chicago, June . , creamery extra, 13c; .tandard 32o; flrt. 2832c; second., 14037c. - Egg Higher; receipt. 17,364 caae. firsts. 25(8l25i4c; standard. 26c; ordinary IirtB, , at - "p,4.5hvAlv. lowtr: fowl, 26o; broil- "' .... mm mm ! Omaha Stock & I 280 Peter True 1 ... I! t I W e ipcciaiuc . 4 6 .40 9 60 .11-15 K 1 1 6 f t 1 0 1U ' i$i h 1 1H 3 e 7H9 I 126 $128 10 8 10 i9 3H t t 1 4? l', . 7-18 t 80 LOCAL SECURITIES FOREIGN BONDS . FORFIfiN EXCHANGE i i II Take advantaf of our liberal raniai raynwni r. v Bj pwehaM ' good .toek. and bondat Wf, P"' "mmWJ ml Peters Tkusj Company Peters National Bank. ; iFaraua qtyGveatttnth Service in the careful handling of all orders for grain and provisions for future delivery in all the important markets. ' Wo Operate Office at. Omaha, Nebraska Lincoln, Nebraska ' ' Hastings, Nebraska . HoMroge, Nebraska Cenova, Nebraska Chicago, Illinois Sioux City, Iowa Do Moinas, Iowa Hamburg, Iowa Milwaukee, Wisconsin Kansa City, Missouri Private wiro connections lo all office except Kansas City. We Solicit Your Consignments of AH Kinds of Grain to OMAHA, CHICAGO, MILWAUKEE, KANSAS CITY AND SIOUX CITY Every Car Roeaiva Careful Paronl Attention The Updike Grain Company "The Reliable Consignment House 13 A Lower Discount ;;; Rates To Go Jinto Effect on July 1 Change Announced byt Omaha Federal Reserve Bank Manager Indicates Re turn to Normal... Lower discount rates will be put into effect July 1, L. Eathart, manager of the Omaha branch ot the Federal Reserve bank, "Snnonnced Saturday. The new rate will be figured on, a 6 per cent basic line, established on the standing of the individual banks approved by the board of 'director, of the reserve bank. t...,. The change is looked upon a $. evi dence that the country's,, financial condition is improving. "The normal basic rate will apbly on all direct borrowings of member banks or rediscounts secured hy tieasury notes, certificates, ..in debtedness or Liberty bondsi,sai,d Earhart. "Such paper will, however, be considered part of the credit structure for the purpose: or deter mining the progressive rate "which will apply on clig;We paper.!' . j .'-.. An additional charge of I per erit will apply on advances to any mem ber b,ank which may be approved, in excess of its basic amountaip tand including 200 per cent thereof Sub sequent advances wi'i bo ubjeot; to a rate of 2 per cent. lirj.cw Meree Plants of Two Nebraska Newspapers Beatrice, Neb., June 2St peJ cial.) The plant of the LeWiBtoa Post has been moved to -Stemauer and merged with the old 'IStejftWer Star outfit. A young manrriamed Edson will publish the ne paper at the latter town. He is a brother- of George Edson, editor of'the Filley Spotlight. - E. P. Bracken of Burlington Here E. P. Bracken, vice pisldnt; o operation for the Burhngton.-rail-road, was in Omaha yestefday tot. a short business visit to "yi.:'l10.cal offices. '':: - l??mmmmmm. "" K . Bond Company: I ?. Bldg., Omaha, lien. .1. i1. IB :tn. o 'A ft nit" ..,T . ! . ' ...i jr.;'. '"'.l aio.td: I, INCOME SECURITIES ifi ten.; 13. 7 First Mortgage Fdrm Land Bonds UNDER present unusual conditions you are en titled to 7 on your money you can get 7 without sac rificing safety. We have a booklet describing in detail Peters Trust First Mortgage Land Bonds. May we send you' a copy? Tax Free in Nebraska Denomination .. . $100, $3oo, $1,000 ; o o o II m i