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.
