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
