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About Omaha daily bee. (Omaha [Neb.]) 187?-1922 | View Entire Issue (June 28, 1921)
9 Treasury Plans To Solve Foreign Market, Financial and Industrial News of the Day Trade Problems Live Stock Chicago Grain Financial New York' Quotations Omaha Grain Bonds and Notes THE BEE: OMAHA, TUESDAY, JUNE 28, 1921. Method of Bringing Relief to Cotton and Wheat Prt ducers Mentioned by Re serve Board Governor. By HOLLAND. What is it which the Treasury de partment is now considering which, when arranged, will tend to over come our foreign trade difficulties and be sure to bring relief to the cotton and wheat producers and also to the stockmen? That something is under consideration and apparent ly plans are far advanced by which the Treasury department can take action which will bring relief was admitted by the governor of the federal reserve board, V. P. G. Harding, in an address which he de livered a few days ago at Houston Tex., to some 200 Texas bankers. A brief report of this address has reached New York, and there are two features in it which have caused considerable discussion here. First of all. Governor Hard;ng spoke as he has during his entire visit to the west and southwest, in a spirit ot fine ontimism." Mr Improvement Since 1020. , In hii view, the year In which condi tion! justified eome feellnr of pessimism was 1020. Bankeri know that had It not been for the federal reaerve system con dltiona perilously near panlo would have prevailed In the latter part of that year. Had the former banking ayatem been till In operation It la doubtful whether or not pante could have been prevented. The report which haa reached New York of Oovernor . Hardlnir'a Houston ad dress eta tea that he told the bankers that a "tremadous Improvement had rome since 11)20." By looklnr back to 191? and giving some thought to the condttton which characterized the coun try In 1921 It Is now realised and Oov ernor Harding la frank enough so to as eert that th American people, after the armistice and esneclally during the first part of 1920. were possessed by an In explicable Indifference, reckleas In what they spent, careless about accumulating debt. Oovernor Hardin says that the coun - try was then suffering from a sort of hn shock which led to hallucinations. Suddenly In the spring of 1920 there came an awakening. Since than this country has hern working out the prob lem which must be solved if healthful conditions aree to be restored. Oar Foreign Trade. It was while referring to our foreign trade and the falling off In It which haa taken place since ' the first of January, thla year, that Oovernor Harding ststed he Is confident that many of these diffi culties will soon be overcome. He merely hinted at the action which the Treasury department now Is considering, saying that the time has not come to reveal the nature of these considerations, al though there waa no reason why he mild not sav that he ts confident that I many of these difficulties would soon be overcome. This Inkling of the Treasury depart ment's consideration of foreign trade dif ficulties Is the first positive statement of that kind which has been publicly made. Pome of our bankers appear to have had some intimation or what is now going on In the Treasury depart ment ao far as these foreign trade diffl' eulttes are concerned. But the wonder Is how this department can eo act as to bring relief to. the poraucere pi coiion. of wheat and to tne stocKmen. Cxport Trade. Private capital acting with the moral unnnrt nf the government and operating under the Webb export trade law was able to finance exports from tne unuea fitt In the ftflnel veer now ending of I221.ono.0no. They financed the export of S127.000.000 worth of steel, copper ana cement and they sent l2S.ooo.ooo in ma- ilnery and locomotives to otner lancis. Jfc HiltJ - . ... ' m' ., . t Mnnr.mn ,,111. innraH.nn x&cui' fh-:'ii financing In this . way of American exports- It may also be that the 'Treasury department, speaKing through the federal reserve system. 4s to counsel the banks of the country not to press debtors too naro, eaneriauy i" -n.i mon who ralae stock. Oovernor Harding has discovered signs of Imnrovement in all parts ot ine aouiu west which he has vlelted. He noticed in T.tm and is confi dent that this will continue. The brief thi di1rM which has been received In New Tork has served to strengthen the feeling of ontlmism which those who talk with some financial lead ers do not fall to ooeervo them. But It Is not a feeling of 111 Judged enthusiasm. It does not Justify speculation. It Is Instead the ontlmism which Is described as sane, sensible and conservative. Receipt were: Monday estimate ... 4,400 Kama day last week 6.301 Same day S w'a a'o 1.614 Same day S w'a a'o 6,546 Same day year ago 4,8(1 Omaha, June ST. Cattle. Hogs. Sheep. 1,600 12,000 11,010 11,388 10.250 8,868 (.149 6,706 9.610 16,168 Receipts and disposition of live stock at the Union stock yards, Omaha, Neb., for 14 hours, ending at I p. m., June 27, 1121: RECEIPTS CARLOT Cat Hogs She'p H.-M. C, M. Ot St. P. By. I Mo. Pao. Ry Union Pacific R. R. 41 C. t N. W. Ry., east I C. N. W. Ry.. west 40 C Bt P., M.AO. Ky. 18 C, B. Q. Ry., east 1 C, B. A Q. Ry., west S4 C, R. I. A P., eaat 7 C. R. I. P.. weat T Illinois Central Ry. .. C, O. W. Ry. 4 Total receipts ...188 DISRPSITION HEAD Cattle Hogs Sheep 8 1 1 10 48 S 64 .. .. 4 .. .. 1 .. 29 .. :: :: i i i 131 48 63 19 44 28 28 24 7 1 4 39 14 1 186 25 44 16 11 609 1821 1538 911 1146 1863 1611 120 2006 2924 256 1922 2660 86 Armour Co 838 Cudahy Packing Co. .... 860 Dold Packing Co 308 Morris Packing Co. (30 Swift A Co 701 J. W. Murnhy Independent Pkg. Co. Lincoln Packing Co. , Wilson Packing Co. . M. Olassburg Hlgglns Packing Co, . Hoffman Bros. ....... Mayerowlch A Vail Midwest Packing Co. P. O'Oea Omaha Packing Co. . John Rotb & Sons .. So. Omaha Packing Co. Ellis A Co John Harvev T. J. Inghram 20 P. O. Kellogg 7 J. H. Lawrence 1 F. P. Lewis ....... J. B. Root at Co. ... Sullivan Bros WjkrthfttmAF A Degan Other buyers 609 .... 1322 Total 921 10188 12'3 Cattle The week opened out with a By CHARLES D. MICHAELS. Chicago Tribune-Omaha Bee Leased Wire. New York, June 27. Wheat closed to 2 to 2'iC lower and at the bottom for the day. The news was mixed but there was persistent selling by an eastern house, believed to be long on wheat, scared out by the threat ened elevator strike July 1. A fea ture was the heavy buying of July and September by Winnipeg houses. It is said that the bright crop out look there is being dimmed some what by heat and lack of moisture in parts of southern Alberta, borne good support was tendered the July at $1.28. Corn was 1 J6 to lyic lower and oats 1 to l$c lower. Rye was to 2yic off, and barley y2c lower, Pork closed unchanged, lard un changed to 2'iC up and ribs un changed to 2'Ac down. Local cash sales were 21,000 bushels of wheat, 3,000 bushels of corn and 16,000 bushels of oats. The light business was due to the fact that shippers did not care to offer with labor troubles threatening in a few days. Cash wheat premiums were firm for hard and easy to 2c lower for other varieties, cash corn basis was lie off and oats un changed. Seaboard reported a little business in wheat done on the break Wheat Trade Slow. - Wheat trade was exceedingly slow and prices during the first hnlf of the season moved In a downward direction. There waa some good buying on the dtps and at one time a rally was recorded to above the high point made at the start. The buying appeared to be almost entirely for aeahoard account and the purchase rather moderate run ot cattle here, about I of 600,000 bushels of July by an export ties 1 New Tork Oeneral. ... vk Tnn. T .Flour Market on settled: spring patents. $8.SO9.00; spring clears. 17.2607.76; soft winter straights if oni7.S6: hard winter straights, 18.00 Cnrnmeal Market quiet: fine white and ...i.,. at anAt.OK. Wheat Spot; market easy; No. 11.58; No. 2 anra, si.oi; "i' 1181; No. 1 mixed durum, 11.48, c. I. f. track New Tork first half July shipment. Corn Spot, market easy; No. 1 jell0" and No. 2 white. 81 He: No. 1 mixed. 81c e. l. f. New Tot 10 days' Moment. Oats Spot, market easy; No. 1 white, 4,HaV Market steadier; No. 1. WJ 28 not No. 1. 124.00W26.00; No. 2, $21.00 23.00; shipping. !l.OO01!.Ot) Hops Market steady; state 1120.. 14 9 enc lB17r-. Pacific coast 120, 1928o; 1911, 16(1818. ... Pork Market ateedv: mess, (24.000 mi ,n. S ll.r SKA nOffflSa.OO. Lard Market barely steady; middle Wet. 210.6891-0.76. Tallow Market dull; special looee, 4o 8KCe Market teady; fancy head, 6 68. New Tork Coffee. " New Tork. June 17. The market for coffee futures ws higher today. It looked as though July liquidation bad been pretty well completed iav .i onvarin ni. rumors that the Braslllan government mlgh adopt measures for retarding the movement of coffee from the interior 10 me por- . rse i waa renorteo mat Brazilian shipper who had been asked tn nttar enffee for August shipment had cabled reply that he was waiting for gov eminent action in this respect. Offers from other shippers were reported In the cost and freight market, but the rumor served to check fresh selling, and after ODentnc at an advance of T to 17 points, active months sold about 18 to 41 points net higher, with September toochlng 6.420. Closing prices showed net gains of 16 to 41 points. July, 8.05c; September, 1.42c; October, f.isc; December, 6.83o; January, .96o: March. 7.21c: May. 7.23c. Spot coffee dull; Rio 7s, 6 Ho; Santos is, IQIUO. New Tork Cotton. New Tork, June 17. Influenced by tram eablwL Hie New Tork cotton mar ket opened firm at an advance of 14 22 points. Well street and spot houses led h. Htrrlnr. About 116 notices were Issued on Jnly contracts, which was a smaller nrnnher than had been expected. After k. mmv thm market continued steady, with prices only a trifle under Initial Im.i, am km eron nosttlonSL Unfavorable private crop advices from the southwest nromoted the early buying movement but a little more realising was encountered on the advance, and prices eased back several points to 4 to 19 points net higher. Dried Fruit. New Tork, June 17. Evaporated Applet Nominal. Prunes Steady: California. 4C18o: Oregona. tAlSUo. Apricot Easy; choice, 22Q2So; extra CDoice. 8o; fancy, 87e. Peaches Quiet: standard, lle: choice, Ii0l3c; lancy, none Retains Steady; loose muscatels, 168) lie: choice to fancy seeded, 17011c; eedlesa, lltfimo. New Tork Metal. ' Sew Tork, June 17. Coppei electrolytic spot ana nearby. third quarter, 110110. Ttn Firmer; spot and nearby, 11.26c; futures. 29.16a. Iron Nominal: No. 1 northern, 14.4)0)9 14.00c; No. S northern. lJ.OOC24.00c; No. 1 southern, 20.00 21.00c. - Lead Quiet: (pot, 4.40c Zinc Steady; East St. Louis delivery not, 4.1644.860. Antimony Spot, 4.908)6.(00. Be Silver"" . , New Tork. June 17. Bar Silver So nestle, ll,t; foreign. 88e, eiexicM dollars, 440, er Quiet: 11 014o; 4,400 head being on sale. Other points, hnai.v.r rjtnnrtil heavv runs and lower markets with the result that the local trade opened extremely slow and steady In spots 1016o lower than Friday. A few choice earllngs sold up to 18.16. but a spread of 17 267.76 bought the bulk of the decent to right good steers. She stuff was steady on desirable kinds with others very dull and weak. No feeders of any consequence were on sale and the market was nominal. Quotations on cattle: Choice to prime beeves, 17.80 8.26; good to choice beeves, 17.607.86: fair to good beeves 87.160 7.60; common to fair beeves, 16.76 7.10; choice to prime yearlings. 88.00 8.26; good to choice yearlings. 17.608.00; fair tog ood yearlings. 7.267 80: common to fair yearlings. 16.767.26; choice to prime heifers, 17.0007.76; good to cho.ee heifers, 1S.6O07.OO; choice to prime cows. IS 786.26; good to choice cows, 16.250 8.76; fair to good cows, 84.6006.26; com mon to fair cows, 1.603.76; good to choice feeders, 16.7607 26; fair to good feeders, 16.2506.76; common to fair feed ers. 16.6006.26; good to choice "lKe; 16.6007.16: fair to good Blockers, 00 6,60; common to fair stockers, 15.00 0 6.00 stock hetfers. 13.605.0O; tock - iinneiil' atnek calves, 15.000 7 28;' veal' calves, 15.60010.00; bulls, stags. etc, No. 23.. 8., 28.. 23.. 24.. 18.. 26.. 13.. 40.. 21.. 40.. ti noma no BEEF STEERS. Av. Pr. No. Av. ,...1218 7 20 11 J" ,...1260 7 60 11 731 ,...1255 7 65 19. 1143 .. 1447 7 86 25.... ..1373 STEERS AND HEIFER3. ... 688 6 50 44 9JJ !"! 947 7 76 25...... 133 TEAKljllNUD. 7 00 19.. . 657 . 695 . 831 . 971 . 747 . 826 .1146 810 .862 714 782 806 Pr. 7 35 T 60 7 76 8 15 7 60 8 25 7 40 7 50 7 66 7 76 7 86 10 7 45 8.. 7 60 16... 7 70 22.,. 7 80 36... 8 00 6 00 1 1292 i 65 666 6 00 19 751 7 75 mv. nut with a fair Monday run 01 nose, .v ---- a rather dull trade at lower prices . De clines of 1015c were shown on hogs of all weight this rooming and a cleT"ne was made on this baaie. Packers bought most of the receipts wlrt shipper, taking a few light and handy butcher hogs. Beat Ughtog. topped at l.4 talk of the reeeuote sold from 17.8508.25. receupte sold from HOQS. Sh. 70 110 No. Av. 61. .358 63. .313 24. .270 64.. 282 38. .255 69.:225 65. .192 90.. 176 Sheep With 40 80 t- n. av. Bn. rr. 7 66 69. .297 140 7 76 7 80 66. .288 110 7 85 7 60 67.. 270 40 7 95 8 00 45. .244 ... J 05 8 10 77.. 209 u 40 8 15 8 20 74. .232 ... 8 25 8 10 68. .217 40 8 35 8 40 ' 81. .201 ... 8 45 . 1 e aaa head eheeo and lambs here today, the market for prtng tn suffered another sharp decline. cea were mostly a half to"" lnHh2 branch of the trade' and best Idaho finger, dropped to 110.000 10 25 Good natives were quoted around 89.26. Fat ?heep were generally steady and fed shorn ewe moved at 14.00, the same ' QuotaUons on sheep: Spring Jambs. 160010.86; shorn yearlings, I-58.-""' Jhorn ewes. 13.0004.00; cull ewes( 11.000 2.60. Chicago Live Stock. Chicago. June 17. Cattle Receipts 10 000 head; market dull; beef steers and butcher she-etock 160260 towtfitop steers. 18.75. weight 1.277 POn: 17.0008.00; bulk fat oows and heifers, 84 25016.00: cannera and cutters mow, mostly 11.7601.25: bulls. lOe to 1 60 lower; buk bolognaT 18.7504.00; bulk beef bulls. 14.6006.76: veal calves mostly. 6O0 to 750 lower: bulk to packer, 18.2509.00; stock ers and feeders dull. Hogs Receipts 60.000 head; market ao tlvii Opened 100 150 lower than Sat- .-varmwm- CIOSCO Steaoy U '"V hlgber tnan eariy, '" rJ.. non. It light, shippers taking about 1.000; top, tS.it; bulk. IMeMi: .flA 'ni. mha Receipts 28.000 head: market, fat lambs and 0 lower; choice Idaho Iambs, 111.00 straight, other. 110.15010.60; seconds. 0"i bulk 110.00 down; culls mostly. 15.000 6 60; good yearling.. 17.0007.60; ewes about .teady. Kansas CIW Uv Stock. v.e Citv. June 17. (U. S. BureaO of Markets.) Cattle Receipts. 11.600 head haef steers, lOdPioo oww; numo u, lower, top 18.20: bulk, 16.6001.00; year lmri tesdy; best. 18.26: she stock and bills steady to 16e lower; choice year ling heifers. 17.76 0 8.00; few cows. 6.M 06.76: bulk common and .medium klna, .. .ai n. knli. nurtlv 14.0004.60: top vealers.'ll.'00: few late above 18.60; stock ers. weak to lower, medium to good kind, Hof "R-eelpts. 11.000 head; 10c to Me lower, mostly lOo lower than last weeks close: best . light and medium top pack- rs ana nippers. ; ,i Ki; average. !.; oui i : a ,i. ... i.- ,n, and nigs. 10O100 lower;' few choloe stock pigs. 18.25. sh Receipt. 4.500 hesd: .heep steadv to Me lower: most fat native ewe, 13 5001.78: yearling, 68.80: native lambs, mostly DUO lower, wui. Top. 110.26; bulk better grades 19.50 10.00. Sioux City Live Stock. ci.n. n. t Jons IT. Cattle Re ceipts, 1.400 head: market teaJy J. weki fed steers and yearlings. n.v'; cows and heifers, t4.oof7.ev; cann, 11.5S.75: veals. 16.00010.00; calves. 11.60A6.00; feeding cows and heifers, t KA A A AA tilmr 84 0006.60. Hogs Receipts. 8.000 head: market 10016c lower; light. 18.1008.36: mixed, 17.9008.16; heavy, 17.60 07.16; bulk, 17.776 0S.ZS. snee am quotea. house ted short sellers to exercise caution thereafter. There was some selling by southwestern houses, but the bulk of the selling could not be classified as of good character, being mainly for local accourA Joaenh Simons, who la on a motor trio to Canada, wired back to one of his local friends of the excellent condition of crops over the territory he has traveled. This incited some local pressure. The corn market was dull and easier. The declines were not so severe as In other grslns. largely because of the lack of trade. There was no particular ac tivity on the buvlng side, while offerings were scattered. The sale of 676,000 bush els of contract corn to go to store tended to fj-r rrr.nswe tne weak cash posi tion. Receipts continue liberal, the esti mate being for 670 cars. Weather con ditions were Ideal with beneficial rsins reported over a big part of the corn belt Domestic shipping demand was slow. There were no export bids in the mnrket early. Liverpool spot corn was 104e higher and futures ltt2Mo higher. Antwerp olosed He franc higher. Oat Price Lower. Lower prices were recorded In oats. Trade at the outset was fairly good but It soon quieted down. There was addi tional liquidation on the part of local longs and commission houses also were not on the selling side, while the sup port appeared to be lacking. Weather condition were Improved and this acted as a check to bullish enthusiasm. Rains ware reported over a fair part of the oats territory where crop was affected by f'ronth. Vessel rooni wrs chartered late Saturday for 240,000 bushels oats to Buf. falo. Shipping demand overnight was moderate. Receipts were freer, the est! mate being for 240 cars. Exports for tne week were i.atz.ooo busnels com pared with 643.000 bushels a year ago. Rye was le lower, cash No. 2 sold at 11.25 and No. 1 at ll.2201.22U. Barley ruled unchanged to 2o lower, malting sold at 61 67c. Pit Notes. Exports of provisions were heavy last week, 11,066,000 pounds of lard against 8,489,000 pounds a year ago, and 14,412,000 pounds meats, compared to 9,071,000 pounds a year ago, Forecaae for showery weather over the winter wheat belt did not have much ef fect in prices, as there waa apparently little demand for wheat from the out side. North Dakota and South Dakota are still -dry. with no Indication of pre. clpltatlon. North Dakota Is In better shape so far as soil conditions are con cerned than South Dakota. Springfield. 111., wired that the recent heavy rains had caused considerable damage, as about 25 per cent of the wheat remained to be cut, Logan & Bryan had a New Tork message saying: "Export wheat demand slow early. Some rye worked. French conditions alarming, especially In regard to spring crops, oats particularly suffering from drouth. German crop situation consider ed good. The Illinois weekly crop report Bald: "Winter wheat cutting and threshing had been delayed by rains, weather Ideal for corn and growth had been rapid. Chinch bugs are numerous, but no serious damage is shown as yet." Australia shipments of wheat last week were 1,984,000 bushels. Corn for Storage. Sales of corn to go to store were 576, 000 bushels, of which 600,000 bushels was from Bartlett-Frazier to McKlnna-Dlckey. Liberal deliveries of oat. are expected on July contract, and from present Indi cation, there will not be the demand from shlnoers that was In evidence during May. In the latter month there was a good demand and shipper, were glad to have the oat. given to them. On our present price basis, however, one of the local hmV.r. said that there would be little demand. It I. expeoted there will be considerable corn delivered also, but it Is Intimated that the corn will be shipped out In fair volume. Nebraska report. Indicate that corn Is In fine shape and mostly plowed for the last time. Beatrice also reports oats harvest started with indications for a 'good yield. In Beatrice section wheat harvest la about over, and eome thresh ing done. The Burlington report says there Is (till about 5,000,000 bushels old wheat to be moved out of Nebraska, Colo rado and Kansas. CHICAGO . CLOSING PRICES. By Updike Grain Co. DO. 2627. June 27. Art, Open. I High. I Low. Close. Sat. St. Joseph Live Stock. St Joseph. June 17. Cattle Receipt. 1.200 head: market steadv to 16o lower: steers, 16.1608.15; cows and heifers, 14.00 08.lt; csives. tt.tO0i.7e. Hogs RecelDts. 1.700 head: market low, 10c lower; top. 18.40; balk, 18.10O 8.40 Sheen and Lambs Receipts. 1.000 head: market steady; lambs, 19.60010,26; ewe. t.oe ot.oo. .. Dry Goods. New Tork. June 17. The largest manu facturer of shad, cloth, and .hade roller today mad public a fall price list show ing an average reduction of St per cent ever last November. Cotton good, and yarn were quiet, with price, easier. Check In wool drees goods were bought freely at first band, and woolen drees good, for fall were In better demand. Raw .Ilk eased. New Tork Sugar. New Tork. June 17. The raw sugar market was quiet today and no sales were reported, but the undertone waa firm and price were unchanged at 4c for cen trifugal. Unseed Oil. Duluth. June 17. Linseed Oa track and arrive. 11.11, Wht July Sep. Rye July Sep. Corn July Sep. Dee. . Oat. July Sep. Deo. Pork July Sep. Lard July Sep, Ribs July Sep. 1.10 MOtt LSI 1.18 1.10H 1.10K 1.MK 1.30 1.16 1.26 1.1854 1.23H 1.25H 1.26 1.23 1.26 1.14 1.14 1.11 K 1,21 H 1.23 1.09 1.09H 1.08 1.08 1.09 .62 .62 .61 .61 .62 .61 .62 .61 .61 .61 .61 .63 61 .63 .61 .81 .60 .60 .61 .11 .38 .17 .17 .11 17 .40 .40 .39 .99 .40 .40 19 .41 .42 .41 .41 .42 42 17.80 17.80 17.80 17.80 17.80 18.00 18.00 18.00 18.00 18.00 10.10 10.11 10.10 10.12 10.15 10.46 10.47 10.41 10.47 10.47 10.11 10.83 10.11 10.81 10.17 10.60 10.65 10.60 10.65 10.65 By ALEXANDER DANA NOYES. Chicago Tribune-Omaha Bee Leased Wire. New York, June 27. In so highly speculative a stock market as that which now exists, recover like that of Saturday is not apt to continue into another week, and it did' not continue through today. A few in dustrial stocks went higher in the early hours, but re-purchases by speculators of the decline were plainly less urgent and by noon the market was slipping off again. The pressure of sales was not heavy, however, and there were no signs of liquidation similar to that of a week ago; so that in the end the market showed irregular net changes. Advances and declines were pretty equally divided, but the active stocks closed lower. The impression which become some what prevalent on Saturday, that all the "weak accounts" had been protected, no doubt had Its Influence today; but the question of carrying the cripples of 1920 is not the only problem before the mar ket and the speculative fraternity may be depended on to make what It can keep out of the publio's mood and the uncertainties ox the miasummer situa tion. Today', new. comprised the virtual termination of the prolonged British coal strike and a number of railway state ments, most of which showed very sub stantial gain, in net earnings for May as compared with a year ago. But the coal settlement had long been expected. . A sharp recovery in the foreign ex change market which carried sterling at one time 2o above last weeKS closing to the highest rate since last Wednes day, was ascribed offhand to the pros pects of final settlement In the English coal strike through today', provisional agreement But the Influence of the somewhat al tered policy of the reparations commlS' sion must also be allowed for. Nobody knows how much of the German pay ments at Paris will now be transmitted to New Tork, or when they will be sent We have, however, the evidence of the Paris market for sterling, which has Invariably risen when one of the German transfers to New Tork was be tng financed and which today declined nearly franc to 48.6" francs a. against 46.89 last Wednesday and 47.40 two week, ago when the largest remittances were made. Bonds. The following quotation, are furnished by Logan & Bryan, Peter. Trust building: Am. Smelt & Rfg. 6s 76 0 76 Am. Tel. Col. 6s, 1946 81 82 Armour 4s, 1939 77 0 77 B. & O. Ref. 6s, 1995 67 0 67 B. & O. Cvt 4s, 1933 67 0 67 Cal. Oa. Unl. 6s, 1937 87 C, M. & St. P. Oen. 4s, 1932 63 0 64 V,, M. s Bt f uen. s aeu 4s, 2014 C, R. I & P. Ref. 4s, 1934.. D. & R. Q. Col. 4s, 1936... Gt. Nor. 4s, 1961 111. Cen. Joint 6s, 1933 Mo. Pac. Ref. 5s. 1923 Mo. Pac. Ref. Es, 1926 Mo. Pac. Oen. 6s, 1975 Rio Grande W. 1st 4s, 1939.. St L. & S. F. Gen. 6s, 1927. St, L, a B, F. P. L. 4s, 1960. St U & S. F. Adj. 6s, 1955. St L. & S. F. Inc. 6s, 1960. S. T. S. W. Inter. 6s, 1962. Wilson 6s, 1941 K. C. Sou. 6s, 1959 C. Q. W. 4, 1969.; Sea Bal 4s. 1989 Colo. Southern 4s, 1935.... C. & O. 6s I. R. T. 6s Hud. & Man. Ref. 5s Foreign Exchange Rate. Following are today's rates of exchange as compared with the par valuation. Fur nished by the leters National bank: Par Valuation. Today. 61 0 61 644g et .. 620 63 77 0 77 72 . 73 91 0 92 81 0 81 77 0 77 61 0 62 86 0 88 69 0 69 630 64 49 0 49 64 0 64 82 0 88 73 0 74 .. 48 0 48 87 0 38 73 0 74 79 0 79 52 0 53 64 66 Austria Belgium ....... Canada Czecho-SIovakla Denmark England France ........ Germany ....... Greece Italy Jugo-Slavla . . . . Norway Poland Sweden Switzerland .30 .195 .100 .'27" 4.86 .193 .238 .195 .195 .V7" .'2V .19$ .0019 .0804 8825 .0138 .1700 3.76 .0805 .0136 .0607 0490 .0070 .1435 .0009 .2240 .1692 7 7 7 88 88 89 1 3 2 24 24 14 19 18 18 18 18 16 16 17 Range of price of the leading stock, furnished by Logan 4 Bryan, Peter. Trust building: - RAILS. flat. High. Low. Close. Close. L.V, T. 4 S. F...... 78 78 78 78 a. a u avs oi aoT 00 Canadian Pacific .103 107 107 109 N. T. Central 68 67 68 68 Ches. & Ohio 47 47 47 49 Erie R R 12 12 12 12 Gt Nor. pfd 65 64 64 65 cm. Ut west.....v 7 Illinois Central ... 89 M K. A T 2 K. C. Southern.... 25 Missouri Pacific. New Haven Northern Pacific . 69 67 67 68 Chi. & N. W 62 61 62 Pennsylvania ..... 13 11 S3 Reading 66 63 64 64 C, R I. At P 30 28 28 21 Southern paciflo.. 72 71 71 Southern Ry 19 13 19 C. M. & St. P 25 i 24 25 Union Pacific 115 114 114 115 Wabash 7 7 7 7 STEEL. Am. Car & Fdry..l20 111 118 110 Allls-Chalmers ... 11 10 30 10 Am. Loco. Co 78 78 78 79 Bald'n Loco. Wka. 69 66 66 69 Beth. Steel Corp.. 46 '44 44 45 Colo. Fuel & L Co. 27 Crucible Steel Co.. 67 55 65 67 Am. 81. Foundries. 25 Tt 26 26 26 Lacka'na Steel Co. 86 85 84 34 Mid. steel & ura.. 23 72 19 25 23 22 66 64 23 Pressed SI. Car Co. 65 65 Rep. I. & S. Co. ... 46 43 43 45 Ry' Steel Spring.. 74 74 .74 76 U. & Steel 78 72 72 73 COPPERS. Anaconda Cop Min 39 86 86 37 Am. S. & Rfg. Co. 17 85 85 16 B. A S. Min. Co.. 11 11 11 .... Chile Copper Co.. 10 10 10 10 Chino Copper Co.. Z3 22 22 it is Calumet & Ariz. 49 49 Insp. Cons. Cop... 82 92 14 83 62 10 49 32 32 Kennecott Copper. 18 18 18 18 Miami Copper Co.. 21 10 20 20 Nev. Cons. Cop. Co 11 10 10 11 Ray Cons. Cop. Co 12 12 12 12 Dtah Copper Co... 48 47 47 48 INDUSTRIALS. Am. Beet S'r Co.. 27 27 17 29 A., O. & W. L S. 8. 25 23 Z3 Am. Internet Corp 84 82 32 Am. Sum. Tob. Co. 13 11 51 Am Onttnn Oil Am. Tel. A Tel.... 102 102 102 102 Am. Agr. C. P.... 17 36 36 87 Bosch Magneto ... 14 $4 34 .... Continental Can American Can 26 25 25 26 Chandler Motor... 58 61 62 61 Central Leather... 15 14 14 85 Cuba Cane Sugar.. 9 6 'n CaL Pkg. Corp... 65 66- 65 .... Cat Pet. Corp.... 40 87 17 89 Corn Prod. Rfg... 68 64 64 66 Nat E. A S 44 43 43 ' 45 Fisk Rubber 13 12 13 12 Oeneral Electric. .127 127 li t 121 Gt Nor. Ore ... General Motors.... 10 1 10 Ooodrlch 10 29 0 Int Harvester 84 83 z H. A B. Car .. TJ. S. Ind. Alcohol 54 61 Int Nickel 13 13 61 13 49 60 1H 26 10 81 83 62 62 11 62 8 6 14 26 26 6 6 84 35 48 60 61 61 65 71 71 74 20 20 20 5 61 71 Chicago Stocks. The following quotation are furnished by Logan & Bryan: Armour A Co. pfd Armour Leather Co. com. Armour Leather Co. pfd . . Commonwealth Edison Co. Cudahy Packing Co Continental Motors Hartman Corporation com Llbbv. McNeil & Liinoy Montgomery Ward Co.. National Leather Reo Motor Car Co Swift A Co Swift International Union Carbide A Carbon Co..., .. 86 .. 12 .. 81 ..108 .. 46 .. 6 75 7 18 6 17 91 23 41 New Tork Produce. New Tork, June 27. Butter Firm; creamery, higher, than extras, 15 36c; creamery, extras, 83 35c; firsts, 82 S4c Egg. Firm; fresh gathered, extra firsts. 2981c; firsts, 26 29c Cheese Firm; state whole milk, flat, fresh specials, 1516o: state whole milk, twins, specials, 15016O. Poultry Alive, firm; broilers, 460515c; fowls, 32c; roosters, 16c; turkeys, 25c Dressed Firm; western chickens, boxes, 13035c; fowls, 15034c; old roosters, 15 20c; turkeys, 20025c London Money. London, June 27. Bar Silver I5d per ounce. Money 4 per cent. Discount Rates Short bills. 1 per cent: three months' bills, 6 06 per cent. Bans. City Produce. Kansas City. June 27. Eggs and But ter Unchanged "oui try unchanged. Int Paper- -'. 63 Tatan nil . SU AJax Rubber .... 23 22 22 22 Kelly-Springfleld . 87 15 35 17 Keystone T. A R. 10 10 iu .... Int M. M 10 10 10 10 Maxwell Mot. Co Mex. Petroleum.. ..118 113 112 117 Middle Stares Oil 11 10 11 Jltt Pure Oil Co....... 26 26 Wlllys-Overl'd Co. 7 Paclf'.n Oil 16 D...l D t. TV . KDTt 48 Pierce-Arrow Mot.. 19 16 17 19 Roval Dutch Co.. 62 01 ?i U. S. Rubber Co.. 65 Am. S'r Rfg. Co... 74 Sinclair Oil A Rfg 21 Hflr.RnehMck Co. 71 o.,m.-o- Porh C.a. SIT. 31 31 30 Studebaker Corp.. 75 72 72 73 Tob. Prod. Co- 64 63 63 64 Tron.-rnnt. Oil... 8 7 7 7 Texas Co 33 82 82 83 U. S. Food Pr Corp n mi ii nit TXTMtA Mntnr Cn... 30 SO 80 Westlnghouse Air. 89 89 89 West'se El. & Mrg. 4 Am. Woolen Co.... 70 Total sales, 463,600. Money Close, 6 per cent. Marks Close, .0134. Sterling 13.76 03.73. New Tork Curb Stocks. The following quotation, are furnished by Logan St aryan: . . Allied OH Boston Wyoming 011-16 Cresson Gold 1 01 16-16 Cosden Oil JJ J Consolidated Copper 10 1 Elk Basin 6 Federal OH 1 Glenrock Oil 1 0 Island Oil 3 0 Merrit Oil 7 Midwest Refining Co 125 Silver King of Arizona 18 sapuipa nil Slmms Petroleum Tonopah Divide .... TJ. S. Steamship .... V. S. Retail Candy . White Oil Juno 27. There were rather light receipts of grain today for a Monday's run. Wheat sold at prices ranging gener ally unchanged to 3c off in the good grades. Some offerings sold at a greater decline and particularly in the lower grades. Corn was un changed to ViC lower, white only selling at Saturday's prices. Oats were off J4C rye 2c and barley was unchanged. WHEAT. No. 1 hard: 1 car, 11.33: 1 can, 11.81; 1 car, 11.10; 1 car, 11.29. No. 1 hard; 1 car, 11.31; 6 can, 11.10: 1 car, 11.30 (smutty); 1 car, 11.29 (smutty): 1 cars, 11.28: 1 cars, 11.17 No. 1 hard: 1 car, 11.26; 1 ear, 11.14 (liBht). No. 4 hard: 1 car, , 11.27 (69 lbs., 1.1 per cent heating). Sample hard: 1 car, 11.13. No. 3 durum: 1 car, 11.10. Sample spring: 1 car, 11 10 (northern 47.6 lbs.); 2 oars, 11.09 (46 and 47 lbs.) No. 1 mixed: 1 car, 11.14 (red durum); 1 car,, 11.13 (durum); 1-1 car, 11.09 (durum, smutty). No. 1 mixed: 1 ear, 11.10 (durum), CORN. No. 1' white: 1 cars, 66e. No. 1 white: 1 cars, 66c No. 1 yellow: 1 car, 51 c; 5 car., Uo; 1 car, 60 c. No. z yellow: 4 cars. 60 o. No. 6 yelow: 1 car, 47c; 1 car, 46o (sour.) Sample yellow: 1 car, 41o (heating) No. 1 mixed: 1 ear, 64o (near white); I car, 50c. No. 1 mixed: 1 cars. 49c No. 1 mixed: 1 can, 47c. Sample mixed: 1 car, 16o. OATS. No I white: 1 can, 13 o (shippers' wts.) . No 1 white: 1 can. 13c. Sample white: 1 car, llo (47 per cent corn). RTB. No. 1: 1-6 car, 11.05. No. 3: 1 car, 11.08 (special billing) No. 4: 1 car, 11.07. BARLET. No. 4: 1 car. 60o No. 1 feed: 2-6 car, 43c Rejected: 2-6 car. 41c. CHICAGO CAR' LOT Week Ago 64 248 60 RECEIPTS, Week Today . Ago ..368 630 ..122 139 ..25 21 ST. LOUIS RECEIPTS. Week Today Wheat 105 Corn 68 Oats 41 NORTHWESTERN RECEIPTS WHEAT. Week Today Ago Minn 608 846 Duluth 68 71 Wtnnlneg 270 128 PRIMA RT RECEIPTS AND SHIPMENTS. Receipt Today Wheat 1,484,U00 .1,259,000 . 831,000 Today Wheat 30 Corn 670 Oat 140 KANSAS CITT Wheat Corn . . OaU .. RECEIPTS. Tear Ago 18 163 63 Tear Ako 210 74 12 Ago 126 62 69 Tear Ago 142 76 76 OF Tear Ago 378 69 129 Corn Oats Shipment. Wheat .. Corn . . . . . Oat. Tear Ago 1,178.000 1,311,000 589,000 Wheat Corn OMAHA 925.000 654.000 , 840,000 631,000 643.000 461.000 EXPORT CLEARANCES. Today Tear Ago Z. 795. 000 1,750,000 , 536,000 , RECEIPTS AND SHIPMENTS. 44 44 44 67 87 69 6 1 1 8 0127 0 20 8 ! 6(Bl 10 1 36 0 38 6 0 6 90 New Tork Bonds. The following Quotation, are furnished by Logan A Bryan, Peten Trust building: 74 0 7 4 6 5 "AW 60 78 0 80 0 70 0 99 0 64 B 74 820 83 18 0 21 73 0 74 72 72 Mil iSL 1 n Atch. Gen. 4s.. B. A O. Gold 4...... Roth. Steel Ref. 6... Cent Paci let 4. 70 C. B. A a Jt 4s 99 C. M. A St. P. Gen.4s 68 C A N. w. uen. 4. vi L. A N. U. 4S New Tork Ry. 4s. Nor. Pac. P. L. 4s. Reading Gen. 4... vr. P. 1st 4s U. S. Steel 6 .... 94 0 94 U. p. 1st Ret 4 72 0 73 S. P. Cv. 5B 89 S. P. Cv. 4s 77 77 Fenn. Con. 4H. so OT Penn. Gen. 4. 74 74 u. o. con. 6. 7 y 7 Ore. & L. Ref. 4 79- 0 79 liberty Bond Prices. ' New Tork, June 27. Liberty bond at noon: !s. 87.70; first 4s, 98.80 bid: sec. ond 4s, 86.78; flnt 4. 87.46; second 4., 86.74; third 4., 91.Z2; fourth 4s, 86.90; Victory !s, 98.88 bid; Victory 4 VS. 98.88. Liberty bond, closed: ls, 17.61; flnt 4., 87.20 ma; .eoona 4s, 0.4; tint 4s, 87.20: second 4& 86.74: third 4 Us. 91.26; fourth 4s, 86 84; Victory 8s, vs.ts; victory ts, ss.if. Visible Grain Supply. New Tork, June 17. The visible supply! of American and bonded gram shows tne following changes: Wheat Decreased 1,220.000 bushel. Corn Increased 1.863,000 bushels. Oat Increased 1,930,000 bushel. Rye Decreased 278,000 bushels. Barley Increased 256,000 bushsla. Turpentine and Bostn. 8avannah, Ga., June 27. Turpentine Firm; 62c; Mies, 171 bbls.; receipt, 164 bbls.: shipments. 114 bbls.: stocks. 6,846 bbls. Rosin Firm: sale. 1,171 casks; re ceipt, 144 cask.; shipments, 1,160 casks; stocks, 78.876 casks. Quote BD, 13.60; E, 11.55; F, 11.60; 0,13.60; H, 11.15; L 13 76; K, 14.00; M, 14.40; N, 15.00; WO. 15.60; WW, 16.50. Chicago Produce. Chicago, June 17. Butter Higher; creamery extras, 14e; standards, !!e; tints, 18 0 83a; seconds, 14027a. Egg Higher; receipts, 16,750 case; firsts, 160!6c: standards. 16027c; ordinary first. 22 0 23c; at mark. case. In cluded, 24026c ' Poultry Alive, higher; fowls, 37a; broil ers, 18046c - Chicago Potatoes. . Chicago, . June 27. Potatoes Steady: receipts. 86 can: northern white. 60060c cwt; Virginia, 11.6003.81 bbL: Carolina. 1A00AUU I The Updike Grain Company Operating large, up-to-date Terminal Elevator in the Omaha and Milwaukee market., are in a position to handle your .hip. ments in the best possible manner -i. e., cleaning, transferring, storing, etc. MEMBERS Chicago Board of Trade Milwaukee Chamber of Com merce Minneapolis Chamber of Commerce St. Louis Merchants Ex change Kansas City Board of Trade Sioux City Board of Trade Omaha Grain Exchange OMAHA, NEB. LINCOLN, NEB. HASTINGS, NEB. CHICAGO, ILL. SIOUX CITY, IA. OFFICES AT HOLDREGE, NEB. GENEVA, NEB. DES MOINES, IA. MILWAUKEE, WIS. HAMBURG, IA. L KANSAS CITY, MO. AH of these office, except Kansas City, an connected with each other by private wire. It will pay you to get in touch with one of our offices when wanting to BUY or SELL any kind of grain. We Solicit Your CONSIGNMENTS OF ALL KINDS OF GRAIN r- - to Omaha, Chicago,' Milwaukee, Kansas City and Sioux City Every Car Receives Careful Personal Attention. The Updike Grain Company Tli Reliable Consignment House Week. Tear. Today Ago. Ago. ..44 91 20 .. 35 47 49 ..23 11 18 .. .. 1 1 . .. 40 46 83 .. 66 29 96 ..6 1 14 .. .... 5 ..6 S 1 Receipts- Wheat Corn ......... OaU Rye Barley Shipments Wheat Corn Oat. Rye Barley Minneapolis Grain. Minneapolis, June 17. Flour Un changed. Bran-115.06. Wheat Receipts, 608 car. compared with 376 cars a year ago; . oash No. 1 northern, 11.8901.49; July, 11.29; Septem ber. 11.29. Corn No.' 3 yellow, 47 0 48c. Oats No. 8 white, 33 033a Barley 44046c. Rye No. 2, 11.1601.17. Flax No. 1. 11.81 01.83. St. Louis Grain. St. Louis, June 27. Wheat July, 11.23 bid; September, 11.20 asked. Corn July, 67o asked; - September, 80c bid. Oats July, 36' bid; September, 8840 asked. The following quotation, furnished by the Omaha Trust company, June 17, 1121. Approx. Bid. Asked. Yield. Am. Agrl, C. 7s, 1U41 83 14 8.10 Am. TAT. Co. ta, 1922. .17 1744 8.40 Am. T. & T. Co. 6s, 1914. .96 !& 8.00 Anaconda 7s, 1929 91 11 8.60 Armour 7s, 1930 94 13 7.77 Belgian Govt 8s, 1941..., 97 97 8.26 BeiKlan Govt. 7s. 1946. .98 S 7.62 Beth Steel 7s, 1923 16 96 1.24 British 5s, 1922 17 97 7.43 British 6s, 19S 88 88 7.39 Brlt'.ah 6s. 1937 83 83 7.30 C. B. 4 Q. jt 6s, 1936. ..96 96 6.90 C. C. C. & St. L. 6s, 1929 86 86 8.95 Chile 8s, 1941 1444 96 8.6) Denmark 8s, 1945 99 99 8 05 French Govt. 8s, 1945 97 974 8 22 B. F. Goodrich 7s, 1925. .89 89 10.25 Gulf Oil Corp. 7s, 1933. ...954 96 7.63 Jap. Govt 1st 4s, 1926. .84 84 8.75 Jap. Govt. 4s. 1931 41 69 8.80 N. W. B T. Co. 7s, 1941.. 98 84 99 7.10 N. Y. Central 7s. 1930. ...9944 100 7.00 Packard 8s, 1131 94 95 8.68 Penn. R. R. Co. 7s, 1930 101 101 6.77 8. W. B. T. Co. 7s, 1926. .96 96 8 03 Swift ft Co. 7s, 1925 95 96 8.20 Swiss Govt 8s, 1940 103 104 7.68 Tlde'r OH Co. 6s, 1930 92 13 7.11 U. S. Rubber 7a, 1930.. 97 98 7.30 Vacuum Oil 7s, 1936 99J 100 7.00 Westlng'se Eire, 7s, 1931 99 100 7.00 London Metals. London, June 27. Standard Copper Spot, 70 15s. Electrolytic 74. Tin 166 IPs. Lead 23 2s 6d. Zinc 27 15s. 8 Interest Paid This la the yield from rV-'o R lean-American Tobacco Co. 10-Year Cold Bonds. Tbl. Company manufactures Rlcor do,, La Reatlna, Portlna, La Tunita and El Tare cigar. Last year's ealee about one ouarter billion cigars and lit. tie cigars and nearly a half billion cigarettes. Send for Circular OB-40I The National City Company Omaha First National Bank BIdf Telephone Douglas Silt Supply Your Needs by Using Bee Want Ads Best Results I. I nm irnnmaw mi i i T, . itHrtn f r rmtiSialttaKMaasasssljl Invest in the Real Estate Mortgage Securities A man is esteemed for what he owns rather than for what he spends. No one has any respect for the nerson who wears all his pos sessions on his back. When a man reaches middle age he realizes the disadvan tage of having no tangible .assets. The time to begin accumulat ing an estate is when one first begins to earn money for himself. It is surprising how quickly the surplus grows if a person saves or invests systematically. and eamlnutmd by lacoseeuTiB CC 3HIMER, Preudent ti. A. ROHRBOUCM, SeevYroee.) AueU Ovr $1,400,000 CaH and talk the matter ova American Security Co., Dodgt, at 18th Doagtat SOU Phone DO uglas 2793 Kansas City Grain. Kansas City, June 27. Wheat July, 1.180M8; September, 81.16. Corn July, 48c; September, 67 0. Jll I OMAHA mJLj I I PRINTING fejgg J8? j COMPANY F35 V Commercial Printers -Lithographers - Steel Die Embosser? toose leaf bcvices 55 sie seTtl- YA Fop the investment of July funds we recommend a selection from the following: CHICAGO UNION STATION CO. Apprv'irt' 6 First Mortgage Gold Bonds, due 1963. 6.45 GOVERNMENT OF THE FRENCH REPUBLIC External Gold Loan 7 Bonds, due 1941. . .8.00 E. I. duPONT de NEMOURS & COMPANY iy2 Gold Bonds, due 1931 v . 8.00 ARMOUR & COMPANY 7 Convertible Gold Notes, due 1930 7.80 SOUTHWESTERN BELL TELEPHONE CO. 7 Convertible Gold Notes, due 1925. ..... . .8.00 WORLD REALTY COMPANY 7 City Real Estate Bonds, due 1923-1927, according to maturity 7.10 to 7.50 CITY OF GRAND ISLAND, NEBRASKA, 7 Paving Bonds, due 1930 7.00 CITY OF BROKEN BOW, NEBRASKA, 7 Paving Warrants, due Dec. 1, 1921 .9.25 The services of our organization are at your disposal to aid you in selecting investments best suited to your requirements. OmakTrust Company Omaha National Bank Building TP 4en-