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About Omaha daily bee. (Omaha [Neb.]) 187?-1922 | View Entire Issue (July 1, 1921)
THE BEE: OMAHA, FRIDAY, JULY 1, 1921. 13 Fiscal Year Just Ended Will Be Traditional One Marked by Mellon Plan of Funding Allied Debts and By Deflation Follow ins War. Market, Financial and Industrial News of the Day Liye Stock By HOLLAND. In the closing days of the govern mental fiscal year, which ended June, 30, the most conspicuous single constructive action was the an nouncement of the plan which Secre tary of the Treasury Mellon has formulated for- the permanent dis position of the allied dehts. which aggregate nearly $11,000,000,000. So also, perhaps, what will prove to be the most important and conspicuous single constructive act in the fiscal year which begins on July 1 will be the funding by the Treasury depart-! mcnt of this stupendous debt. The beneficial effect of action of this kin upon business, industry and world attairs will speedily be discovered after the funding has been com' l-leted. Many other features which will identify the fiscal year now closing will make that year traditional. In the first place, deflation had just be gun in the last weeks of the previous fiscal year. It was the reaction from the amazing mental condition of the American people prior to and a year and a half after the armistice ended the war. Deflation continued throughout the first six months of the fiscal year which has just ended Credit Situation. Omaha June 10. Rsc.lpts w.rs Cattle. Horn. Sheep. Offipini Monday .... i.Sft ,37J 1J,S1 Official Tuesday ... .2l It.JST ll.m Official W'edneaday. 5 861 11.101 t,72 r.stlmst. Thursday.. 4.000 11,104 7,000 t aays mil wk. 15.068 440,140 41,411 Same day last week. 35.454 6S.79S 40 011 Same day 1 wk ago. J. 134 6.7i 2 12 Sams day 3 wk KO.ZS,8S 43, ill tt.llt Same day year ago.. 12.300 64,11$ n,SS5 Receipt and disposition of lira at the Union Stork Ysrds. Omaha, for 24 houra. .ending at p. m., 30. 121: RECEIPTS CARS. Wshssh R. R 1 1 Missouri Pacific Ry. . 1 .... Cnlon Pacific R. R. ... SS It C. & N. V Ry., eaat . 12 C A N. V Ry., west 3.1 liO C, St. P. M. O. Ry .. 15 -21 C. B. A J, R yt east ..11 C. B, & Q. Ry.. west . S ! C, R. I. & P., eaat ... 5 C. R. I. & P.. west ... 1 I Illinois Central Ry ! C. Q. West. Ry. ... 1 S stock Neb., June 24 Total recelpta DISPOSITION- IS? 132 -HEAD. Financial By January of the fiscal year, how ever, the first promise of Improvement was recognized especially In the woolen and other textile Industries. Near the close of the fiscal year deflation seemed to have reached its lowest possible point excepting In the wagea paid to organ ized labor. 1m provement In the credit situation vhtch had been desperate In the early months of the fiscal year was noticed In the spring. There had been much talk about froien credits, but some of these began to thaw. The first Intimation of relief came from Boston. The Federal Reserve bank of the Boston district an nounced a reduction In Its discount rate. That bank will always have the credit wnicn win appertain to the banking In tltutlon which waa the first to reflect the change in credit conditions. Speedily other federal reserve banks an nounced reductions in discount rates. Thero could be only one Interpretation of this action and that was that in the last half of the fiscal year credit conditions began to improve. In the closing day or the year came the report from London that the Bank of England had reduced ita discount rate. These reductions could not have been made If conditions "ve not improving both in the United 8tatea and In Europe. Stupendous Gold Current. Another feature by which the fiscal year now ended will become traditional Is the unexpected and undeslred flow of gold from all parts of the world to the United States. This came too at a time when the production of our own gold mlnei had fallen off as a whole about 60 per cent and when work in some of these mines was suspended. During tne year we have accumulated a little under one-half of the estimated worlds supply of gold. It la packed securely in the etorage vaults in New York and the over flow ha been sent to Philadelphia. It has raised , the reserve power and were there not wise handling of this gold might tempt to Inflation of the currency. What is to be done with this gold no one seems to be able to forecast. Ulti mately when good timea are restored the worm over we shall lose a considerable part of It and that loss will be beneficial because it would be due to Increase of trade. Industry and commerce both In the United States and elsewhere In the world. Financing Foreign Trade. Although one feature of the fiscal year Is discovered in the suddn and hoavy falling off In our International trade, yet on the other hand various attempts to aid this trade by financing the exports of American products have been aucess fully made. Apparently we are gradually mobilising our ability to aid foreign trade by bringing Into financing corporation credit resource of which avail may be taken by those who desire to buy Amer ican goods. One example which is made possible by a conference in New York City which took place in the closing week of the fiscal year will Illustrate the methods which have been adopted and which will be continued, so that the needs of the world for American commodities can be met. The Roumanian government has been for some time anxious to secure a large amount of American cotton. For with this tho cotton manufacturing Industry in Roum.mla will become greatly stimulated. The difficulty was In paying for the cot ton. The conferences which have Just taken place In New York with one of the trade financing corporations may re sult In the selling of 100.000 balea of Texas cotton to Roumania. This cotton when sold will be shipped to Germany, where " it is to be spun Into yarn and this yarn will then be sent to Roumania to be manufactured into cloth. If the nego tiation be successmul. and presumably it will be. other large orders for American cotton will come from central Europe. Hereafter the fiscal year now ending will be referred to as the 13 months in which depression began and waa later overcome and when many indications of improvement and the return to prosper ous conditions were observed and were publicly commented upon by some of the leaders In American industry and by the governor of the federal reserve system, W. P. O. Harding. New York Cotton. New York, June 30. Liquidation for the government crop report Friday and the approaching holidays was reported In the cotton market at both IJverpool and New York this morning. Cables were lower than due and the local market opened barely steady at a decline of 8 to 10 points, with active month selling about It to 17 point be low last night's closing figures during the early trading. The disposition to liquidate scattering long accounts was In creased by reports of further rains in the eastern belt, but the market steadied around 12 15c for October on bullish pri vate condition figures and renewed cov ering. Trading wa quiet later In the morn ing, but the market was generally easy under continued scattering liquidation. Reports on an unsettled feeling In the stock market and the closing weakness of Liverpool probably Increased the dis position to sell out holding of long con tracts, but otherwise no special feature is connected with the decline. October sold off to 11.07c, or Si points net lower, and 4$ points below the high point of Tuesday. Armour A Co 733 Sits 10 Cudahy Tack. Co 84 26 11 SI Hold I'ack. Co 80 1270 200 Morris Pack. Co (58 1479 1520 Swift & Co 7J 2377 1270 J. W. Murphy 2110 .... Swart & Co 85 .... Lincoln Pack. Co 1 Hlgglna Pack. Co 11 76 .... Hoffman Bros 4 Mayerowlrh & Vail .... 6 Omaha Park. Co. 37 S. O. Pack. Co 23 E. Q. Christie & Son ... 1 John Harvey 317 , . T. J. Inghram r-r. 11 . ... .... Joel Lundgren 7 K. P. Lewis IS J. B. Root & Co. 76 .... .... Sullivan Bros. .(. .... Other buyers 357 1704 .... Total 4081 13377 6833 Cattle Only a moderate Thursday's run of cattle was received, about 4,000 head, the four day' supply being a little over 19.000 head, or 0.600 short of last week. The market showed no particular change as compared with Wednesday, desirable handy weight steers moving readily at steady prices, while it took shaded figures to move the general run of medium and heavy cattle. Best beeves both heavy and light aold around l7.i0tT8.10 and compared with a week ago values aro pretty close to 35c lower. Cow were 1S250 lower today and 25950a lower tor the week. Stacker and feeder moved very slowly at unevenly lower figures. Quotations on cattle: Choice to prime beeves. I7.854JI8.25; good to choice beeves, 17.3607.75: fair to good beeves. 17.00 7.35; common to fair beeves, M.60T.O0; choice to prime yearlings. 18. 0068.25: good to choice yearling. f7.S0O7.00; fair o good yearling. I7.OOM7.60; common to fair yearlings, IS.004J7.00; choice to prime heifers. 6.75tJ7.60; good to choice neirers. 15.50 & 6.75; choice to prime cowa 35.80 (B6.00: good to choice cow 35. 0005.50; fair to good cows, 64.00i5.00; common to fair cows, 81.6003.75; good to choice feed er, !6.607.00; fair to good feeders, 66.00 6.50; common to fair feeder. 35.250 6.00; good to choice stockers, $6.407.00; fair to good stockers. 35.7506.26: common to fair stockers, $5.005.75; stock heifer 33.60lgl5.00; stock cows I3.00fi3.75: stock calves, 34.507.00; veal calves, 15.00 9.00; bulls, stags, etc.. I3.506.00. BEEP STEERS. No. A v. Pr. No. Av, K 1131 7 25 20 1267 31 1531 7' 55 20 1221 38 1166 7 75 20 1243 23 1112 T 85 21 1316 STEERS AND HEIFERS. 24 1060 6 75 24 605 YEARLINGS. 1 25 14 804 7 70 18 864 COWS. 5 10 HEIFERS. 3 75 BULLS. 3 50 2 620 CALVES. 7 50 5 158 15.. 5.. 21 11 814 935 .1166 . 627 .1290 Pr. 1 35 7 65 7 80 7 90 7 60 7 40 7 65 5 75 By ALEXANDER DANA NOYES Chicago Tribune-Omaha Bra Leased Wire. New York, June 30. Probably no one had looked for a break in stocks on the announcement of the new tariff bill. That' the project of put- L" 1 1 ! . img up nigner Darners against im port of European goods was econom ically stupid, when all the world knows that Europe must pay her enormous war debt to the United States in merchandise, Wall Street has been perfectly aware. But ash ington thought otherwise; there have been some signs that the capitol ex pectcd an entnusiastic reception of the bill by the stock exchange, and this gave an interesting point to the action ot today s market. I he market appeared to rebel chiefly against the schedule "chem icals and oils," and, tn fact, if the ways and means committee had de termined to touch the sentitive nerve of Wall Street in its existing mood, it could not' have been done more surely than by the eleventh-hour in sertion of a 35 cents per barrel duty on crude oil. Coming after the very recent nervous discussion of the chances for and against the product iveness of Mexican oil fields in which American capital is invested, the an nouncement caused an almost imme diate fall of 14 points in Mexican Petroleum stock. Market Irregular. But the decline did not stop with that atock;' not only .the shares of other oil companies, but those of com Dailies in other lines of production gave away along with the erratic Mexican stock. Only a vigorous recovery in the railways during the later hours checked the reaction. In the main the market's changes for the day were exceedingly irregular. ! The action of the railway shares, all of which closed at substantial net ad vances, undoubtedly showed the natural tendency of the market. But the weak ness in the industrial list, for which only the one cause seemed to be assigned, was one of those Incidents which make greater impression because of their significance, political a well as financial. The stock market Indicates the drift of general sen timent In many ways; in thia instance, it Is at least conceivable that it fore shadows an angry outcry over the new tariff proposals In the very quarters which the authors of the bill had hoped to con ciliate. Increase of 111,600,000 in it gold re serve a gain derived both from new im portationns and from transfers by other reserve banks brought the reserve ratio of the New Lork federal bank to 70 4 per cent, as against 68 a week ago. This ratio Is now the highest since the summer of 1917. With the whole re serve system, the ratio rose to the highest of the year and the highest alnce early In 1918. That, too, was a consequence of the gold arrivals, all of Which, however, went to the account of the New York bank. Foreign exchange declined again today, sterling going to the lowest rate since the German payments began. Chicago Grain , New York Quotations 145 sale 9 00 this Hosts With 12.500 hogs en morning trade ruled slow but generally steady. A few good hogs aold early to hippers at prices steady to strong ut backer made some effort to cneapen cost and occasional sales were possibly a little lower, with average trade not far from steady. Best light hogs made a top of 38.85 and bulk of the recelpta sold from 18.00 4? 8.65. HUUS. No. Av. Sh. Pr. No. A v. Sh. Pr. 27. .304 70 7 85 67. .363 ... 7 95 63. .316 140 8 00 50. .360 110 67. .293 140 8 10 68. .321 250 56 283 ... S 15 68. .50 210 63. .293 68. .260 80 8 20 61..2C.S 70 .... 73. .240 80 8 25 50. .339 70 .... 67. .248 40 8 30 67. .312 45. .304 60. .291 ... 6 96 70. .250 65. .179 ... S 60 69. .239 160 8 65 80. .235 110 g 60 75. .206 40 70. .216 120 . ... 76. .185 ... 8 70 23. .189 ... 8 80- 67. .205 ... 8 85 New fork Curb Stocks. The following quotations are furnished by Logan A Bryan: 4 0 6 62 53 62 65 5H49 6 10 1 1 Allied Oil Boston Montana ... Foston Wyoming ... Coaden Oil Consolidated Copper Elk Basin Federal Ol! Glenrock Oil 1.0 Hi Is and Oil Merrlt Oil T 7H Midwest Refining Co 126 ?137 Silver King ot Arlsona 10 0 20 Sapulpa Oil if IU Slmms Petroleum ............ Q 64 Tonopah Divide 1 lk V. S. Steamship 5-16 S V. i Retail Candy 4 Chicago Storks. The following quotations are furnished by Logan A Bryan: Armour Co. pfd 86 Armour Leather Co. common 13 Armour Leather Co. pfd 8H4 Commonwealth Edison Co .....108 Cudahy Packing Co, common SO Continental Motors 9 Haatman Corporation common...... 76 I.ibby. McNeil Llbby 7 Montgomery Ward Co 1 National Leather H Reo Motor Car Co ;. 17 Swift Co ...290 Swift International "., 23 Union Carbide & Carbon Co 4 Hi New York Produce. New York. June 30. Butter Steade; creamery, higher than extras. 336c; creamery, extras, 3lsc; creamery, firsts. 33 6 Jia Eggs Firm: fresh gathered, extra firsts. 31 H 33c; firsts, 29031c. Cheese Firm; state whole milk. flat. freh specials, 16 4 17c State who! milk twins, specials, 1 tf lc Poultry Live, weak; broilers, 30J5c; fowls. 28c; roosters, 16c. Creased, Stead mi unchanged. Sheet) The receipts of sheep and lambs today amounted to 7,000 head and no ma- erlol change occurred In price, mauve prlnger ruled weak to a little lower, but good western springer usually brought firm prices. Fat sheep, the few that are coming, also sold on a quotably steady basis. Best Idaho spring lambs were quoted up to $9.869.85 and good native springers sold tn small bunches at 38.50 fj!8.60. Fed ahorn ewes were reporiea ai 34.25 and some 2-year-old wethers brought 35.85. Quotation on sheep: Spring lambs, $ti.009.76; shorn yearlings, $5.257.50; shorn ewes, S3.00fi4.25; cull ewea, $1,009 3.50. SPRING LAMBS. Av. Pr. No. Av. 6 9 60 235 Ore. 71 64 8 00 786 Ida. 63 9 25 134 Ida. FEEDER LAMBS. 61 6 00 323 Ore. No. 369 Ida, 68 Nat. 200 Ida. 71 66 Pr. 9 15 9 85 60 Range of prices of the leading stocks, furnished by Logan Bryan, Peters Trust building: RAILS. Wed, High. Low. Close. Close. A.. T. & S. F 80 80 80 79V B. & 0 39 36'i 89 Canadian Pacific. .109 107 Mi 109 N. Y. Central 70 H 102 Ida. 61 S 10 Kansas City Ur Stock. Kansas City. June 30. (TJ. S. Bureau of Markets. Cattle Receipts. 3.500 neaa beef eteera steady to strong: top, heavy and medium weights. 38.25; yearling steers. 38.50: rake fed Texas S6.9a Colorado pulpers, 37.75; atockers, steady to lower, earlv sales $S.OO5.00; canner weak ninsHv S1.75W2.00. some lots 32.25 all other classes steady: best vealers, 8.00; hulk of choice. S7.507.75: crime young cows. 36.25: heavy heifers $7.25: bulk cows. $4.00iS.26; common to good bull 13 00 fi 4 SO. Hogs Recelpta, 6,506 head; market steadv to 10c higher than yesterday's average: lightweights around 10c rower than yesterday-6a high time; best lights and mediums to packers ana snippers. 38.76; 276 and 350-Ih. average, at 18.40 bulk of sale. 38.456 8.75. Sheep Receipts, 1,500 head; killing classes, stesdy; beat native lambs (9.60; bulk. S8.75Q9.25. Chicago Live Stock. Chicago, June 30. Cattle Receipts 6,000 head; market, beef steers, fat she-stock and bulls 15c to 15a higher: too yearling. 38.65; matured steers, 68.60; bulk beef steers. IS. 75(88. 25: fat cows and heifers largely. $4.25 6.25; bulk bolognas, $3.75 434.25: butcher bulla. M.bUtei.bU: veal calves and stockers, steady to strong; bulk vealers, $8.S09.00; feeders, dull, steady. Hogs Receipts 28.000 head; market, ac tive 10c to 15c higher than yesterday's average; closing, strong; noiaover, moder ate: most ne a orr maraei: top. as.za early: later. $9.20:- bulk. 38.6069. 15: pigs mostly steady: bulk desirable. $8.65418.75. Sheen and Lambs Receipts 9.000 head: market, good and choice fat lambs steady to strong; all other classes and grades about steadv: ton native lambs. $10.00: bulk. $9.60 down; culls mostly. $4,600 S.00; top western lambs, $10.50. Sioux City Live Stock. Sioux City, June 80. Cattle Receipts, 1.200 head; market strong and active; fed steers and yearlings, 35.00&8.35; fat cows and heifer, $3.50fj7.36; canner ji.ouri 3.50: veals. SS.00O9.00: calves $3.5006.00; feeding cows snd heifers. $3. 50 & 4.25; stockers. $4.5006.25. Hogs Receipts, 10,000 head; market opened atrong, closing weak; light, $8.55 8.85: mixed, 38.00tf8.50: heavy. $7,260 8.10; bulk of sale $7.660 8.70. Sheep Receipts, TOO head; market steady. St. Joseph Live Stork. St. Joseph June 10. Cattle Receipts, 1,200 head; market, generally steady; steers, $6.0008.36; cowa and heifers, 13.50 S8.15; calves, $5.0008.00. Sheep Receipts 2.000 head; market, steady; lambs, S8.7609.7S; ewes $3,000 1.JS. New York General. New York, June 30. Wheat Spot, mar ket steady; No. 1 red. $1.47 H: No. 2 hard. $1,524; -No. 1 Manitoba, $1.80: No. 1 mixed durum. $1.394 e. L f. track Ntw York first half July shipment. Corn Spot, market ateady; No, 2 yel low and No. 2 white, 81 c and No. t mixed. 80 c c L f. New York, 10-day shipment. Oats Market stesdy; No. 1 white. 47c. Hay Market firm. No. 1, $27.00029.00; No. 2, $25.00027.00; No. 1, $22,000 24.00: shipping. $19.00020.00. Lard Market firmer: mlddUwest. $11.05011.16. Otter articles unchanged. Ches. & Ohio 54 Erie R. R 13 Gt. Nor. pfd 68 Chi. Gt. West 7 Illinois Centrsl ... 90 M.. K. T 21 K. C. Southern 26 Missouri Pacific... 21 New Haven 18 H Northern Pacific... 71 Chi. A N. W 64 X Pennsylvania 35 Reading Co 68 C, R. I. & P 32 Southern Pacific. . 74 Southern Ry 20 C, M. ft. St. P 27 Union Pacific 117 Wabash I STEEL. Am. Car & Fdry..l23 Allis-Chalmers .... 31 Am. Loco.. 80 Utd. Al. Steel Corp Bald. Loco. Wks. 71 Beth. StceL Corp.. 47 Crucible Steel Co.. 69 Am. Steel Found. 26 Lackaw'a Steel Co. 38 Midvale Steel & O. 23 Pressed SI. Car Co. 68 Rep. I. & Steel Co. 47 Ry. Steel Spring... 79 Sloss.Shef. S. & I U. S. Steel 74 COPPERS. Anaconda Cop. M. 37 Am. S. & Rfg. Co. 35 Chile Copper Co.. 10 Chino Copper Co.. 23 Lai. ft Arizona Inspirat'n Cons. C. 32 Kennecott Copper.. 19 Miami Copper Co... 20 Nev. C. Cop. Co Ray Con. Cop. Co. 12 Utah Copper Co... 48 INDUSTRIALS. Am. Beet S'r Co.. 29 28 A.. G. W. I. S. S. 24 21 Am. Int. Corp 341, 33 Co M', 52 CO 18 17 68 70 64 54 12 13 66 67 1 7 90 90 2 2H 25 2- 20 20 17 18 68 71 62 64 33 34 65 67 29 32 72 73 18 20 25 27 ' 116 117 7 8 122 123 31 31 79 80 68" 70 46 47 56 57 26 Vi 26 37 ,37 23 ' 23 67 68 46 47 78 79 73 74 I. 36 36 35 35 10 10 23' 23 32" 32" 18 19 20 20 12 ii' 48 48 Am. Sum. Tob. Am Cotton Oil 29 23 33 53 15 37 108 69 52 12 66 7 89 2 55 20 17 69 63 33 66 80 73 18 25 115 1 123 31 81 22 70 ?4 47 68 26 28 24 66 46 79 33 37 36 10 23 46 54 32 18 20 11 12 48 29 25 34 S3 17' Am Tel ft Tel... 102 102 102 102 Am Agr Chera Pro 37 37 37 Bosch Mogneto Continental Can American Can Co 26 26 Chandler Mot Car 53 60 Central Lthr Co.. 34 34 Cuba Cane Sug Co 9 8 Cal Pkg Corp 65 65 Cal Pet Corp.... 39 39 Corn Pdct Rfg Co 66 65 Nat Enam Stamp 43 43 Fisk Rubber Co.. 12 12 26 61 34 8 5 89 86 43 12 37 34 45 26 63 35 9 56 38 66 12 By CHARLES D. MICHAELS. Chicago Tribune-Omaha lire leased Wire, Chicago, June 30. Crop condi tions in the northwestern shipping wheat sections continue to dctcrior ate and the situation has reached a stage where every day of high tem peratures and dry weather reduces the prospective size of the crop. This is becoming a market factor and with the reports of a large export business at the seaboard, the effect of the rains 111 the northwestern Canadian provinces were offset at the last. heat prices advanced alter the early break and closed at around the top, with net gains of ViVKic. with September leading Corn and oats were weak and lower most of the day and closed with losses of to lc on corn, and Yt to V,ic on oats, July leading m weakness. Rye finished unchanged to Vic lower. Germany is in the market for 3.000.000 bushels of wheat on credit. This announcement caused traders to buy wheat futures freely 111 the last hour. It was also claimed that J .000.000 bushels had been sold at the gulf outside of the German order, Northwest Traders Vneasy. Buving orders on the break were credg ited to reporta of rains in Saskatchewan am4 u few scattered showers tn North Dakota, with an unsettled forecast for the northwest. The minute the trade hears of a shower in the northwest it 1 made un easy and looks for a break, -inai rna northwestern trader are ahowlng more uneasiness waa shown by the sending of buying orders here for September wneai and bv the strength and advance of pant, in Kentemher In MinneaOOll. A large business was on in buying July and selling September at io amer .... pKh nrirAM were mostlv lower hers and In the southwest, while in the north west they were higher. Hard winter wheat is being moved from the southwest through Chicago to nuriaio. 10 m -vantage of the low lake rates. A large percentage of the trading in corn and oats was In buying July and aelllng September. Elevator interests were the most active in this changing. There was alao buying of December and selling of July. Corn prices at their bet were 2c over and inside of the day to 62 c for July and 63c for September. Ele vator Interest took the cash lots de spite the announcement that a strike of the elevator worker on Friday waa prob able. Diacounta on No. 1 white oat were widened to 2c and No. 2 white were taken at July price to c under. Ar rival were 260 car corn and 175 cars oats, with shipping sales of 45.000 bush els corn and 219,000 bushel oats. Crop reports on oat were less favorable ana on corn as good as it Is possible to be. Rye was unsettled and prices moved within a good range. Tne iinisn wi. the top for July. Spreading between July and September rye and between wheat and rye was sctive. Tit Notes. it tm eineoted that deliveries of cash grain on July sales today and tomorrow will be 4,000,000 to 6.000,000 bushels corn, around 3,000.000 to 4.000.000 bushels oats 1 son noa to 5.000.000 pounds lard. 1 Armour will pay for the bulk of the corn and lard and eastern exporters, with July corn bought, will pay for part of the . 1 ninh inenfini corn, mere naa uen -"-- of hedges In oats of late tnai me . .r..,r t h a aievntor interests, Old oats are expected to bring a good premium over the new, as the latter are likely to be light weight while the old oats are about as good as ever raised and mpli morn than the light weights. Farmers know this and the wise ones, it is said, will nom meir oiu mm Bell their new oats. A big covering movement of the last sent prices for all grains up and while ...h.t hM com and oats declined, one of the largest operators, who has been , ,.1, t l.to. said at the close that .hirf ih unrlne wheat crop continue to go back. It would offset the effect of the large movement of winter wheat from 'r-iIiaTiir oners tors say they expect a ...11,. -irnrUern u they have refused their proposition to arbitrate. They are prepared to operate thel houses pn the ' 1.. . ca tinnr. while non union work of the same character is only paying 85 to Oic per nour some delay ior a iew be long before tney win good order. e . ... ......I rnlna over the unless xnero air. " - - . . . irionn and Canadian northwest, higher oriceea are expectea ior wneai i..iuii, the traders will want to even up for the three holidaya. there being no Dial . . . I7.M9V until Tuesday next. Trading in oecemoer wneai m i tomorrow. Expectations are mi n bs around 2 to 3 cents under September. Omaha Grain St. Loais Grain. St. Louts, June 30. Wheat July, $1.20; September. $1.20. Corn July, 66 o asked; September, Oats Juiy, ' Foreign Exchange Kates. Following are today's rate of exchange as compared wltn tne par vx.uouu... i-u.- nishPff DV me X'ClCia a wui.n , bank: Par To- Austria Belgium Canada Czecho-Slovakia Denmark England France Germany Greece Italy Jugo-Slavla Norway Poland Sweden Switzerland Val. . .30 . .195 ,1.0 '. '.27'' .4.86 . .193 . .238 . .195 . .196 ,' '.27' '. '.27' . .195 day .0020 .0803 .8825 .0138 .1695 3.73 .0800 .0133 .0590 .0490 .0070 .1437 .0009 .2220 .1685 Oen Electric Co.. 128 127 128 128 Ot North'n Ore... 27 Gen Motors Co... 11 Goodrich Co .... 30 Inte'n't'l Harveater 81 Haskell, Brkr Oar 53 U S Ind Alcohol Co 53 Internet Nickel... 14 Internet Paper Co 64 Island Oil 3 Ajax Rubber Co.. 21 Kelly-Spr'gf'ld Tire 38 Keystone Tire, Kub. 10 int. Merc Mar. Max. Mot, Co. .. Mex. Pet Mid. State Oil Pure Oil Co. .. Wiiiy-Ovr. Co. Pac. Oil P.-A. Pet. ft T. P.-Ar. Motor ... Royal Dutch Co. V. S. Rub. Co. . Am. S. Rfg. Co. Bin. O. A Rfg. . Sears-Roe. Co. . Strom, C. Co. .. Stude. Corp. . . Tob. Prod. Co. . Trans-Con. Oil . Texas Co 33 V. S. Food Pr. C. . 17 White Mot, Co. , Wilson Co., Inc. West. Union West. El. ft Mfg. Am. Wool. Co. 27 10 29 80 63 62 18 61 2 21 36 10 27 11 30 81 53 53 13 61 8 JiH 37 10 3 .108 . 11 . 27 . 7 . 35 . 47 . 19 . 54 . 53 . 74 . 20 . 66 . 32 . 77 . 63 8 32 24 3 8 98 101 10 11 26 7 34 42 18 52 61 71 19 64 31 75 S3 8 $2 16 31 34 27 7 34 44 18 53 53 72 20 66 31 76 53 8 33 16 33 34 27 11 30 82 '63 14 64 3 22 37 10 10 112 11 26 1 34 48 19 63 52 73 20 66 33 77 54 8 33 17 32 New York Dried Fruit. New York, June 30. Apples. Evapor ated, market nominal. Prunes and Apricots Fair demand. Peaches Quiet. Raisins Steady. June 30, 1920. Cash wheat prices were generally Jc lower today. Corn was un changed to a cent off. Yellow was off I'jC to lc, while mixed and white were unchanged. Oats were He to lie lower. Rye was normal and bar ley about unchanged. Wheat receipts today were moderate and other grains generally light. Two can of new wheat were on the market to day from Nebraska points. One car brought $1.18, grading No. 1 hard. The other car was not sold. WHEAT. No. 1 hard: 1 car, $1.32 (dark); 4 cars, $1.20; 1 car, $1.18 (new). No. 2 hard; 3 cara, $1.18; 1 car $1.14 (smutty). No. $ hard: 1 car, $1.17; 1 car. $1.16; 1 car $1.15 (smutty); 4-6 car, $1.14; 8-5 car, $1.08 (smutty). No. 4 hard: 1 car, $1.14; X cars. $1.12; 1 car, $1.11; 1 cars, $1.10 (smutty); 2 cara, $1.08 (smutty). No. 5 hard: 1 car $1.10. Sample hard: 1 car, $1.18 (Hv weevil); 1 car, fl.01 (66.6 lb.). No. 6 spring: 1 car. $1.05 (60.6 lb.) Sample apring: 1 car, $1.00 (46.S lba); 1 car 5c. No. 1 mixed: 1 car, $1.11 (durum). No. 4 mixed: 1 car. $1.05. Sample mixed: 1 car, $1.03; 2-S car, 18c (iigntj. CORN. No. 1 white: 2 cars. 66c. No. 2 white: 1 2-6 car, 66c No. S white: 1 car 61c, No. 6 white: 1 car, 6O0 (musty) No. 1 yellow: 1 car, 49c. No. 2 yellow: 6 cars, 49c. No. 1 mixed: 1 car. 54o (near white): 1 car 48C. No. 2 mixed: ! cars, 47c. No. 1 mixed: 1 csr, 47c. No. 6 mixed: 1 n, 40c (musty). Sample mixed: 1 car. 3 So (heating). OATS. No. t white: 1 car. 31c; 3-B car. 81c No. 3 white: 2 cars 31 c: 6 2-6 car. 81a ao. wnite: 1 car, 30c; 2-5 car, 30c; 3-5 car. 80c. Sample white: 1 car 30c. RTE. .No. 3: 1 car. $1.03; 1-1 car, $1.0$. J BARLEY. 1 No. 1 feed: Z cara, 42c. Rejected: 2-S car, 37c. CHICAGO CAR LOT RECEIPTS. Today Wk. ago Yr. ago Wheat 35 24 18 Corn 250 273 159 Oats 160 69 72 KANSAS CITY RECEIPTS. Today Wk. ago Yr. ago Wheat 129 $26 $0 Corn .. 37 42 17 Oats 9 1 ST. LOUIS RECEIPTS. Today Wk. ago Yr. ago Wheat 47 45 46 Corn 87 2$ 56 Oat 26 38 27 NORTHWESTERN RECEIPTS OF WHEAT. Today Wk. ago Yr. ago Minneapolis 225 ... 91 Duluth .' 69 74 73 Winnipeg 213 844 170 PRIMARY RECEIPTS AND SHIPMENTS. Receipts Today Year ago Wheat 766,000 Corn 748,000 Oats ....489,000 Shipments Today Wheat S71.000 Corn 419,000 Oat 262.000 OMAHA RECEIPTS AND Receipts 708,000 872,000 456.000 Year ago 708,000 498,000 376,000 SHIPMENTS. Oats Rye Barley Shipments- Rye Week Year Today Ago Ago , 63 66 1$ . 37 26 42 .24 14 9 . 1 1 1 ,4 S . 44 41 71 , 42 39 37 ,12 6 14 2 ,6 .. 4 Wheat Corn EXPORT CLEARANCES. Today Year ago. 169,000 990,00 142,000 CHICAGO CLOSING PRICES. By Updike Grain Co. DO 2627 June $0, Art.. I Open. J High. Low. Close. Yes. Wht July Sept. Rye July Sept. Corn July Sept. Dec. Oats July Sept. Dec. Pork July Sept. Lard July Sept. Ribs July Sept, 1.23 1.22 1.22 1.22 1.19 1.08 .61 .61 .63 .62 .60 .60 .36 1 .35.! 38 1.34 V.23 1.20 1.09 .62 .40 12.96 180 .63 .62 .36 '.38 .'41 110.69 10.86 10.45 10.77 112.15 118.00 110. SS 110.90 10.47 10.77 i.iV 1.16 1.05, .60 '.Vo' '.69' .36 .37 '.39 12.76 18.00 . 10.80 10.85 10 42 10.70 1.24 1.24 1.23 l.Z 1.20 1.09 .60 .60 .61 .61 .60 .60 .85 .36 .37 .37 .40 I 11.75 18,00 I 110.50 10.85 10.42 10.72 1.24 1.23 1.22K 1.20 1.10 .61 .62 .62 .63 .62 .$6 .36 .38 .88 .40 17.T0 17.90 10.40 10.77 10.42 10.70 Minneapolis Grain. Minneapolis. June 30. Flour, un changed to 20c higher; family patents. $8.508.7O. Bran $14.000116.00. Wheat receipts, 21$ cars, fompared with 170 cars a year ago. Cash No. 1 northern, $1.33 1.43 ; July, $1.23; September. $1.28. corn no. x yellow, 4 up se. Oats No. $ white, 32?32c. Barley 4460e. Rye No. 2. $1.13 1.16. Flax No. 1. $1.821.84. Kansas City Grain. Kansas City June 80. Wheat July, 31.13; September, $1.14Sl.It. Corn July, 6lc; September, Uc. Bar Silver. New York, June 80. Bar Silver Do mestic, 99c; foreign, 69c; Mexican dol lar. 46c. 84 44 68 43 43 43 ... 69 67 S . Total sales. 735,700. Money, close, 6; Wednesday close, 6. Marks, close. .013$: Wednesday close. .0135. Sterling, close. $3.72: Wednesday close. $3.75. New York Coffee. New York, June 30. Owing to the ab sence of Braslllan cables as a result of the holiday, the market for coffee futures here was almost at a standstill today. After opening unchanged, price sold up a few points on covering, but eased again later, September aelllng off from 6.34 to 6.29o and closing at the latter figure. The general market clos ed net unchanged. July, 6.89c: Sep tember. 6.39c; October. 4 43c; December, (.71c; January, (.81c; March. 7.03c; May, 7.Z0C. Spot Coffee Market dull: Rio 7. ( 6c; Santo 4s, 9C9e. liberty Bond Price. New York. June SO. Liberty bonds at noon: 3s, 86.70: first 4s, 87.30: second 4s 86.62; first 4s, 87.20; second 4s 86.72: third 4s. 90.80: fourth 4l 86.8a: Victory 3s. 98.44 bid: Victory 4a, 98.40. uoerry Donas ciosea: 3s, 86.76; first 4s. (7.00; second s. 86.76: first 4. 87.10; second 4. 84.76: third 4Vs. 90.74: fourth 4, 6 Vletnrv 111 $8.J$i Victory , $$.42, GRAIN-- WE solicit your consignments of all kinds of grain to the Omaha, Chicago, Milwaukee. Kan sas City and Sioux City markets. We Offer You the Services of Our Offices Located at Omaha, Nebraska Lincoln, Nebraska Hastings, Nebraska Chicago, Illinois Sioux City, Iowa Holdrege, Nebraska Geneva, Nebraska Des Moines, Iowa Milwaukee, Wis. Hamburg, Iowa Kansas City, Mo. Get in touch with one of these branch offices with your next grain shipment. The. Updike Grain Company "The Reliable Consignment House" Bonds and Notes The following quotation furnished by the Omaha Trust company: Appx. Bid Asked YI.1. A. A. Cb. 7, 1941.... 94 94 (.05 A. T. T. Co. 6. 1922. 97 97V 8 40 Am. T. & T. Co. 6 1924 96 95 7.10 .. 91 91 8.60 Anaconda 7a. 1929 Armour 7s, 1930 96 95 7.66 Belgian Govt, 8s, 1941... 97 98 1.14 Belgian Govt. 7 4s, 1945. 96 99 7.65 Beth. Steel 7s. 1923 96 96 9.10 British 6s. 1933 97 97 T.48 British 6a 1919 88 fe 7.32 British 6s. 1937 93 93 7.25 C a. & g. Jt, (. 1936 96 96 6.9 C. C. C. & St. L. 6s, 1929 86 87 8.23 Chile 8a, 1941 96 96 .4S Denmark 8a 1946 99 100 8.00 French Govt. 8. 194S.... S 98 3.10 B. P. Goodrich 7. 1925... (9 89 10.35 Oulf OH Corp. 7. 1933... 95 95 7.68 Jap. Govt. 1st 4s. 1925 84 85 9.1.5 Japanea. Govt. 4a. 1931.. 69 6t 6 .75 Norway 8a, 1(40 100 100 7.95 N. B. Tel. Co. 7s 1941. 98 99 7.08 N. Y. Central 7s. 1930... 99 100 7.00 Penn. R. R. Co, 7s, 1930. .101 101 6.74 8. B. Tel. Co. 7. 1926.. 96 96 8.13 Swift A Co. 7s 1926 96 96 7.96 Swiss Govt. 8s. 1940 104 104 7.63 T'dw ter Oil Co. 6s. 1(30 94 94 7.02 V. 8. Rubber 7. 1930.. 98 99 7.85 Vacuum OH 7s, 1936 99 100 6.98 Weat'gh's El. 7s. 1931.. 99 100 7.00 Unseed Oil. Duluth Juno 80. Linseed On track and arrive. $1.84. New York Sugar. New York, June 30. Th raw sugar market waa firm, but prices were un changed at $4 for centrifugal, with re finers not inclined to pay above this level. Lata last night ther. were additional haales of 42.000 bags of Philippine Island augurs to local rentiers at 4c, nut no ad. dtttona! sales were reported today at this level. Outside refiner, however, paid So advance or 4c c. 1. f, for 4,300 bag of Porto Rico for July-Auguat shipment, and a local refiner paid $o c 1. f. for 13,600 bag of San Domingo, du early July, which would equal 4.64c for centri fugal, but this latter purchase is be lieved to be for refining purpose for export, o that when th drawback la received, the actual price ia below the 4-cent level prevailing for Porto Rico. Turpentine and Rosin. Savannah, Oa., 'June 30. Turpentine Firm. 60c: sales. 307 hhls. : recelnts. 639 bbls.; shipments. 63 bbli. ; stock, 7,741 bbla. tTI - .B. 1 Kfl. M. .1. . . ... . celpts, 1.118 casks; shipments, 1,433; stock, 81.604 casks. Quote: B. $3 40: P.. $3.46: F.. $3.60: O.. $3.50; If., $3 60: I.. $3.60: K. $3.96; 1 M., $4.40; N., $4.90; WO., $6.66; WW., $6.60. Chicago rrodara. Chicago, June 30. -Butter, higher; creamery extras, 34c; standard, 31 c; firsts, 29fTS3c; seconds, 36i396c, Eggs Unchanged; receipt. 10,011 CSSea. Poultry Alive, lower; fowls, 2O02Oo; broilers. 28 036c. Consolidation of Crop and . Market Bureaus Announced Washington, June 30. Consolida tion of the bureau of markets and the bureau of crop estimates, effec tive tomorrow, was announced by the Department of Agriculture. Leon M. Estabrook, former chief of the latter bureau and now associate chairman of the markets section, will vacancy created by the resignation supervise the work of both until, a successor is appointed to fill the of George Livingston. Mr. Livingston wilt be retained, at the request of Secretary Wallace, as a consulting specialist of the 'Agri culture department for an indefinite period. (. Chicago Potatoes. . , , . Chicago. Juno J". Potatoes, weaker: recelpta, 68 cars; Virginia, barrels, $2,00 (f4.25; Carolina, stave barrels. $3.60l.l; flat barrels, $1.26(93.50; Northern White. 60 60 cwt. Kansas City Produce. Kansas City. Jun. 30. Egg, lo hither. firsts. 26c; seconds, 31c . Butter Unchanged, Poultry Hena, lo down, lie; - broiler, lo down, 27 13c. New York Dry Coeds. " ' ' New York, June 10. Cotton good were steady today and yarns quirt. Raw silk was considerably lower. Burlap were dull. Wool good continued firm and QU'et. , : ' r .. ' 'i For the investment of July funds we recommend a selection from the following: ILLINOIS CENTRAL RAILROAD CO. 6 Secured Gold Bonds, due 1936 ....... .6.80 CHICAGO UNION STATION CO. ey2 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 llA Gold Bonds, due 1931 7.85 SOUTHWESTERN BELL TELEPHONE CO. 7 Convertible Gold Notes, due 1925 .8.00 WORLD REALTY COMPANY 7 City Real Estate fionds, 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. OmSiaTrust Company Omaha National Bank Building FINANCIAL STATEMENT OF THE Omaha Loan & Building Association June 30, 1921 ASSETS Loans on First Mortgages .$17,651,765.68 Loans on Association bhares of Stock 457,378.24 Interest due from Members. Real Estate acquired through foreclosure Foreclosures pending Furniture and fixtures Association Building Sundry Persons and Accounts. Cash on hand and in banks Bonds and warrants . .... . . . 402 855 11 Til I TJ ......... ' Lioeny oonas 301,950.00 8,613.38 3,260.75 2,025.59 15,000.00 254,672.32 25,076.67 473,367.00 Total Assets ,..$19,595,964.72 LIABILITIES Running Stock and Dividends t ........ . ...... . . . . Due sundry persons on account incomplete loans !!!!!! T..... r 1 1 T j;..: J.J XT' : acscx tc f uuu emu uuujvjueu Hjuli unig3 , ............... m4 ...$17,552,857.76. 899,387.02 675,087.37 Total Liabilities . , ........ 468,632.57 .....$19,595,964.72 Dividends earned for members during the year $ 824,884.19 Dividends earned for members since organization 5,453,028.40 During the past year we have opened 4,491 savings accounts, amounting to 1,976,316.18 Savings accounts may be opened at any time with any amount. We pay 6 compounded semi-annually. OFFICERS AND DIRECTORS W. R. Adair, President G. W. Loom!, Chairman of Board W. S. Wright, Vice President J. T. Helgren, Vice President A. A. Allwine, Secretary-Treasurer G. T. Hillier, Asst. Secretary . L. W. Perkins, Asst. Secretary ' E. G. Miller, Asst Secretary Joseph Barker Charles E. Black John H. Butler R. J. Dinning E. A. Pa melee M. M. Robert ten Sidney W. Smith C. O. Talmag e .Mi' Office Association Building, Northwest Corner Dodge and 15th Streets South Side Office 4733 South 24th Street; J. H. Kepiets, Agent 1.