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About Omaha daily bee. (Omaha [Neb.]) 187?-1922 | View Entire Issue (July 2, 1921)
THE BEE: OMAHA, SATURDAY, JULY 2. 1921. Administration Now Facing One Wialc of a Job' Public Fails to Realize "Mess" In Conditions, Says Mem bers; World Difficulties Confront Nation. Closing Quotations Stocks, Grain, Live Stock Live Stock By HOLLAND. "This is one whale of a job," was llip concise and colloquial form in which a member of the administra Hon at Washincton set forth to friend in New York the difficulties which the administration has been aim is compelled to lace. He was referring to the impatience which has here and there found voice he cause the government and congress do not seem to be acting in such manner as would tend speedily to relieve the gituation. He said that no one who had been brought face to face with the difficulties which conironted the new administration would have failed to be almost ap- panea dv tnem. This member of the administration in informal conversation with his friend said that the public does not realize and never will understand "what a dreadful mess we found conditions to be when the new ad ministration assumed control." He did not speak in this way in criticism oi the previous administration. In fact he said that there never would be good understanding of the almost overwhelming dithculties which con fronted the administration whose term expired on March 4. For they were world difficulties. They were occasioned by the war. If the new administration found what is spoken ot as a dreadful mess this was chief ly due to disturbances which pre vailed the world over. It is almost a wonder how the nase administra tion lived through these perplexities. International Difficulties. The Stato department la noV confronted with difficulties that prevail all over the world. It must consider our relation with Japan and also wllh Mexico. 1'anama and losta Rica furnished one of the Im mediate difficulties. Central Europe adds to these difficulties. , The RusHian situa tion Is also Included In the number of them. Never before In the history of our nation has the Stale department at any one time been confronted with so many world encompassing difficulties as Is now the case. Seward, when secretary of state, was compelled to face what seemed likely to be serious crisis duo to our relation with Great Britain and France. One of these Involved the hurling by diplomatic methods of the French army from Mexico. But the desk of Secretary Seward was not loaded with diplomatic matter affectinff nations all over the world as is and has been the desk of Secretary Hughes. It was Impossible, therefore, to move with rapid ity. It Was the better part to make haste slowly. In Treasury Deportment. Secretary of the Treasury Mellon found, when he took office, a bewildering problem made up of many factors. The nation looked to him for recommendation for tax relief. It wai Imperative that there be early handling of the debt of nearly $11,. 1100.000,000 which our allies owe to the United States. There was the question of providing for the redemption of the Vic tory notes. The needs of the farmers, the stockmen, the cotton growers and other Industries were brought home to Secretary Mellon because it was evident that government aid of some sort must be secured If relief were to be obtained. There were a thousand and one minor questions for the secretary to answer. It was Im possible, therefore, to act with the rapidity which some critics have thought that the us administration in its Treasury de partment could have acted. Mr. Hoover found a mess In his depart mena, due almost wholly to the exigen cies caused by the European war. The shipping board snag occasioned serious and frequent study by the administration and it Is only within a few days that the first steps have been taken to bring order per haps at enormous costs out of the ship ping board chaos. There is also the para mount railroad situation. Converse Estate. The late E. C. . Converse, who was thought to he one of the wealthiest of Americans, wai a citizen of Connecticut. Therefore In his home town of Green wich the probate of his will was offered in the probate court there a day or two go. It appear that the Inventory of the estate left by Mr. Converse was $30,000,000 in round numbers, although the presump tion at the time of his death was that the estate would Inventory at approxi mately $50,000,000. This Is another Illus tration of the fact that guesses which are made of the wealth measured In dollars ui a very ncn man are ueuaiiy xar out oi the way. Sometimes they are too small. James Stlllman's estate was found to be some $10,000,000 greater than he was sup posed to have possessed. E. H. Harri Tiian's estate was larjer than any but one or two of hla Intimate friends believed to be the fact. It all depends upon the market value of securities. Very likely Mr. Converse's state a few years ago would have In ventoried much larger than the report made to the Connecticut Judge of pro bata. He believed In the principle adopt ed by Commodore Vanderbtlt which re fleeted the holding ot as little real estate s possible and the Investing of the great er part of a fortune In stocks and other securities. For real estato did not furnish a ready market when there was need of funds. But stocks and bonds could find an Instant market If there was necessity of raising money. No real estate was in ventoried In the Converse estate excepting his great farm and eountry place, a part of which Is touched by the boundary line of New York state. Unseed OIL Duluth, July 1. Linseed on track and arrive. $1.0. Receipts were Official Monday . Official Tuesday .. Official Wednesday Official Thursday . KstimHie iTinny Five days this week. . 19.X87 tame days last week. 27,733 Ssme days 1 wk. sgn. 29,154 Same days 3 wk. ago.SS.HOK Same duys year ago. 19,071 Omaha, July 1. Cattle. Hobs. Sheep. (.371 12. Ml 12.367 11,7ml 15.801 ,73 U.m 7.386 13,600 1,260 S3. 039 43,046 ea.SSM 45,78 66.577 1.1,043 64,696 29,713 66,70$ 47,493 4.6R6 4,621 6 881 3.819 1.000 Receipts and disposition of the Union Stock Yards, Onmha, Neb., for 34 hours, ending at I p. m., July 1. 1921. RECEIPTS CARS. Cattle HogsSheep. 7 1 3 33 6 10 C. M. St. P. Ry ivaoasn rt. it Mo. l'ae. Ry 2 Union 1'acific R. R. O. & N. W. Ry., east... 6 0. N. W. Ry., west.. 14 ('., Ht. P.. M. A O. Ry. S C, Tl. Q. Ry., east.. 5 C, H. & . Ry., west.. 7 C, K. I. & V., esst... 1 C, R. I. P.. west Illinois Central Ky. . . 1 71 14 4 II X 2 Total receipts 48 182 6 DISPOSITION HEAD. Cattle Hogs Sheep. Armour Co. .... 63 3.155 709 Cudahy Pack. Co. . 266 1.927 187 Hold Pnck. Co. .. 1 1,119 Morris Pack. Co. .. 60 1,475 70 Swift & Co 361 3,235 629 J. W, Murphy 1.423 Swarta & Co 1,692 Lincoln Pack. Co.. 10 Mayerowtch & Vail. 1 Midwest Pack. Co. 8 P. O'Dea 20 John Roth & Sons. 2D E. O. Christie & Son 20 John Harvey 49 T. .T. IiiKhrum .... F. P. Lewis 17 J. H. Root & Co... 6 Sullivan Bros 5 Wertfi. & Degen . . 2 Other buyers 249 708 Ogden Pack. Co 169 Total 1.64 13,095 2,303 Financial New York Quotations Cattle Today's cattle run was small even for a Friday, only about 1.000 head being on sale and with supplies so lluht sellers succeeded In checking the decline In the market. On a few desirable light and handy 'weight steers prices ruled stroncer with the balance of the supply Including buteher stuff about steady at the recent decline. There was nothing real toppy on sale, best yearlings here bringing $8.10. Killer and feeder cattle of all grades are selling unevenly lower thnn week ago and are the lowest tney nave been in several years. Limitations on cattle: cnotcer to prime beeves. $7.85j8.25; good to choice beeves, $7.367.76; fair to good beeves, $7.00Sj 7.3o; common to fair beeves, $6.60ig7.00 choice to prime yearlings, in.00W8.36 good to choice yearlings. $7.607.B0; fair to good yearlings, 17. CO 7.60; common to fair yearltngs, $6.007.OO; choice to prime heifers, 6. 76517. 60; good to ohoice heifers, 5.606.75; choice to prime cows $5.60 Ot) 6.00: good to choice cows 85.005.60; fair to good cows, $4.005. 00;-common to fair cows, $1,506)8.75: good to choice feed ers, $6.507.00; fair to good feeders. $6.00 fi 11.50 : common to fair - feeders. $5.25 6.00; good to choice Blockers, $6.4007.00; fair to good Blockers. tS.75ffi6.25; common to fair stockers. $5.0006.76; stock heifers 3.50Srj)6.0u; stock cows $3.0003.76; stock calves, 1 4.50 4f 7.00: veal calves, 35.00 to 9.00; bulls, stags, etc., 3.606.00. BEEP STEERS. No. Av. Pr. No. Av. Pr. 37 1162 $ 7 25 24 1428 $ 7 50 24 887 7 60 40 1107 7 5 11. ,... 1111 7 75 19 1071 8 00 STEERS AND HEIFERS. 654 00 17 668 6 25 816 7 40 7 764 7 75 780 8 10 YEARLING 768 6 75 19 74$ 7 10 670 7 25 HEIFERS. 729 6 00 BULLS. (50 2 00 1 1560 3 15 CALVES. 318 6 60 Hogs A liberal run of hoes for so late In the week, arrived today and a good share of the receipts had to sell at moderate declines. Light hogs sold free ly on the early trade, mostly to shippers. at fully steady prices, but packers bought mixed weights largely at 1015c de clines. Common, grassy and highly mixed loads carrying sows were especially hard to move and reflected declines of 1625o. Best light hogs topped at $8.85 and bulk ot the receipts sold from 67.8508.50. HOGS No.- Av. 8h. Pr. No. Av. Sh. Pr. 31. .318 ... $ 7 50 43. .329 ... $ 7 55 61. .360 ... 7 75 49. .359 ... 7 80 60. .305 ... 7 85 71. .265 70 7 0 62. .318 70 8 00 66. .248 70, 8 05 65. .267 ... 8 10 40. .222 140 8 16 67. .253 70 8 20 64. .205 ... 8 25 69. .240 150 8 30 72. .227 ... 8 35 62.. 255 40 8 40 70.. 278 101 8 45 88. .205 40 8 50 73. .229 ... 8 60 60. .230 ... 8 06 72. .198 ... 8 75 44. .180 ... 8 80 82. .198 ... 8 85 Sheep and Lambs Hardly enough sheep and lambs were received today to make a market but the five-car supply sold at prices that were steady to strong. Idaho spring lambs brought $9.60, $9.76 and $10.00. The latter price was top. Native springers were reported at $8.75. A few fed shorn ewes sold at $4.00 with culls on down to $1.002.0S. Quotations on sheep: Spring Iambs, $8.0010.00; Rhorn yearlings, $5.25S7.50: shorn ewes, $3.00 4.25; cull ewes, tl.00 2.50. SPRING LAMBS. No. Av. Pr. No. Av. Pr. 969 Ida 70 $ 9 65 260 Nat 67 $ 8 60 230 Ida 68 9 6) 223 Ida 63 $25 777 Ida 72 10 00 FAT YEARLINGS. 82 6 60 Chicago Tribune-Omaha" Be Leased Hire, New York, July 1. In many re spects the stock market of today was a typical pre-holiday affair. Not only were fluctuations narrow, with ir regularity as the outstanding feature, but the volume of transactions fell to the lowest point touched since April 20. The turnover for the five hour session amounted to only slightly more than 400,000 shares. In the case of specialties, there was further evidence of activities of spec ulators, for the decline and in several instances sharp recessions were re corded in the first hour, with subse quent recoveries. One significant fact stood out, however, in that whatever short interest there may be did not feel impelled to cover commitments. Apparently the short account is not in the least intimidat ed, or else it has been largely elimin ated by covering on the way down. V. 8. Report Surprising. One of the outstanding points of Interest In the day's developments was the gov ernment report on condition of the cotton crop. In some ways the estimate was surprising. A condition of 69.2 was below the 70, which had been generally pre dieted In the last few days. It compares with 66 a month ago, 70.7 a year ago, a 10-year average of 78.8. The present estimate of condition Is the smallest ever reported for June 25. The acreage of 26,519,000 Is the smallest since 1900 and the forecast of production based on present condition Is the smallest since 1895. In that year the crop amounted to 7.147.000 bales and the estimate now places the current crop at 8,333,000 bales, So far as the cotton market was con cerned, the croo report showing such low condition and such reduced acreage had lime eiieci. i nere was a muucraio muj on the news, but nothing of a buoyant nature. Rail Reduction Effective. The reduction in railroad wages which It is expected will save the carriers $400,- 000.000 yearly, went Into effect ' today. From all evidence at hand It appears that railroad employes are not going to take any stand against acceptance of the cuts. The plight of the roads is so evident as to need little explaining to the men. Deficits where there should be surpluses and the passing of dividends In consequence are fnctnm which do not reauire other than their plain sfatement to carry conviction that remedies must De appiieu. In the Iron and steel Industry, rumors are again coming to hand that wage and r.rlr ..HiWInna nre ImDendlng. The foreign exchange market showed generally higher prices today, but the movements were narrow. At the high lor the day sterling could show only a gain of of a oent over close of the previous day, and the net gain was only Vc. French francs gained slightly, moving up to 8.03c and closing at 8.02c. Kansas City live Stock. Kansas City. July 1. (U. S. Bureau of Markets.) Cattle Receipts, 1,300 head; beef steers, mostly steady; spots, strong to higher on better grades; common kind dull; top, Js.uu; otner nanvno, to-ww 7.60; Texas, 26.0006.60; Coloraao puipers, $7.60: canners and common sue siucs, weak to 25o lower; medium to good can ners. $1.5002.00; few inferior lots, f 1.2o; other classes, steady; Texas cows, common to good natives, 13.5006.00; best vealers to puckers, $8.00. Hogs Receipts, z.oou neaa; n""i opened slow, closing at generally sieauy with yesterday's average; best lights and mediums to packers and shippers, 5.it; no good beavies ofrerea; duik oi saies, $8.6008.76; stock pigsw steady, few $8.25. Shn Re.ceints. 800 Miead: receipts tin- sufficient to fully test market, few sales native lambs about steaay; oesi, 3.dv. Sioux City Live Stock. Sioux City, la., July 1. Cattle Receipts, A . morUot .tnnilV TO HtratlE! fed steers and yearlings, $5.0008.00;; fat cows and heifers, $3.6007.00; canners, $1,000 3 50; veals, $5.0008.00; feeders, $4,000 6.25; calves, $3.5006.00; feeding cows and heifers, $2.5004.26. Hogs Receipts, 9,600 neaa; marnet steady to 10c lower; range, $7.6508.85; bulk of sales, $7.6608.75. . . Sheep Receipts, 350 neaa; mantel steady. St. Joseph Live Stock. St. Joseph, July 1. Cattle Receipts, t.000 head: market, steady to strong; steers, $6.0008.25; cows and hslfers, $3.60 08.25; calves, J5.uoa8.uu. Hogs Receipts, 6,000 head; market, steady to 50c lower; top, $8.85; bulk of ales, $8. 60(38.85. Sheep Receipts, 600 head; maricer, steady; lambs, $8.7502.75; ewes, $3.00(0 3.7 b. 200 Ida Chicago Live Stock. Chicago, July 1. Cattle Receipts 2,000 head; market, strong to 25c higher; top steers, $8.60: bulk, $7.0008.00; bulk fat she-stock, $4.2506.00; canners and cutters, $1.5003.00; bologna bulls, $4.0004.25; butcher bulls, $4.70 5.75; veal calves, $8.7509.25. Hogs Receipts 27.000 head; market, fairly active; better grades, strong to 10c higher; others mostly steady; closing, weak; holdover, moderate; $9.30 patd for one load: practically top. $9.25; bulk, $8.60.R9.20; pigs, 15c to 25c lower; de slrable kind, $8.4008.50. Sheep and Lambs Receipts 4.000 head; market, fat Iambs, strong to 25o higher; top native, $10.00: culls mostly, $4,500 6.00; no westerns here; dry fed 80-pound ewes, $6.00; sheep, steady. Range of prices of the leading stocks furnished by Logan Bryan, Peters Trust building: RAILS. Close A, T & a lJaltlinure Cunadian F; N Y Central Ches & Ohio Erie R R Ot North' n, pfd.. Chi Ot Western. . Illinois Central... Mo, Kan & Tex. . . Kun City South'n Missouri Pacific N Y. N H & H. North'n Pao Ry.. Chi & N W 1'enn R R Heading Co C, R 1 ft P South'n Pac Co. . . South'n Ky Chi, Mil & St P. I'nlon Pacific... Wabash STEELS. Am Car & Fdry.,124 123V4 12S'i 123 Allis-Chaliners Mfg 3 Hi 3114 31V 31 Vi, Am Loco Co 80 Utd Al. 8. Corp. . 23 Vi Haul. Loco, Works 72 F 80 Ohio 39 Vi 69H 54 13H 67 74 90 21 18 70H 65 344 68 32i 75 20 27 80 8044 80- 3 if, 3SK, 39 108 108 109 68 69 70',, 64 64 54 134 13 66 4 66 V 67 H 74 74 74 90 4 90 4 90 3H 26Vi 264 26?, 20 H -'05 204 174 18 78! 65 69 71 9s 644 64 64 34 4 34 4 3i 66 661 67 314 314 32 vs 7.1i 73 73i 19 199 204 264 264 27 1174 117V 117 1 1 8 Heth. Steel Corp. crucible a. Co. . . Am. Steel F Lack. Steel Co, . Mid. S. ft Ord .. Pressed S. C. Co. Rep. I. & 8. Co. . Railway Steel S. U. S. Steel 474 58 25 Vi 24" 69 47 81 74 80 23 691). 46 56 25 23 684 464 80 74 80 23 71 464 66 25 4 23 68 46 81 74 80 , 70K 474 67 26 37 23V4 68-4 47 79 74 COPPERS. 36 35 i6" 23 32 19 20 12 48 29 23 33 53 18 102 37 26 61 34 8 56 39 66 43 17 An. Cop. Mln. ... 38 87 37 A. S. & Rfg. Co. . 36 36 36 14. ft S. Min. Co. . 12 12 12 Chile Cop. Co 10 10 10 Chlno Cop. Co. ... 23 23 23 Insp. Cons. Cop. ..32 32 32 Kenn. Cop 19 18 19 Miami Cop. Co. ..21 21 21 Nev. C. C. Co. ... 11 10 11 Ray C. Cop. Co. .. 12 12 12 Utah Cop. Co. ... 48 48 48.5 INDUSTRIALS. Am. B. S. Co 29 it 29 A.. G. & W. I. S. S. 23 22 23 Am. Int. Corp. ... 33 33 33 Am S. T. Co 63 52 63 Am. Cot. Oil Co... 17 17 11 Am. T. ft T 103 102 103 Am. Agr. C. Pro.. 37 37 37 Continental Can... 44 44 44 Am. Can Co 26 26 26 Chandler Mot. Car 52 61 62 Cen. Leather Co... 84. 84 34 Cuba Cane S'r Co. 9 9 9 Cal. Packing Corp Cal. Pet. Corp 38 38 38 Corn' Pr. Rfg. Co. 66 66 66 Nat. En. & Stamp Flsk Rubber Co.. 17 12 17 Gen. Electric Co.. 128 128 128 128 Gt. Northern Ore. 27 General Motors Co 11 Goodrich Co 29 Int. Harvester 80 Haskell & Br. Car 63 U. S. Ind. Al. Co Int. Nickel 13 Int. Paper Co 64 Island Oil 3 AJax Rubber Co... 22 Kelly-Spring., Tire 37 Keystone T. ft R.. 10 Maxwell Motor Co Mexican Pet 101 Middle States Oil 11 Pure Oil Co 26 Willys-Overland .. 7 Pacific Oi! 35 Pan-Am Pet, Tran 44 Plerce-Arrow Mot 18 Royal Dutch Co. . 63 U S Rub Co 52 Am Bug Rfg Co.. 72 4 Sinclair Oil, Rfg. 20 Sears-Roebuck Co. 66 Stromsberg Carb.. 30 Studebaker Corp.. 76 Tob Pdcts Co 63 Trans-Con'tal Oil. 8 Texas Co 33 U S Food Pr Corp 17 White Motor Co. 31 Wilson Co., Inc West'gh'se El. Mfg 43 Am Woolen Co... 69 Total sales, 420,500. Money Close, 6 per close, 6 per cent. Marks Close, .0134; Thursday's close, .0133. Sterling Close, 13.73; Thursday's close, $3.72. New York Cotton. New York, July 1. The cotton market was very quiet during today's early trad ing with operators evidently inclined to wait for the government report. Liverpool was relatively firm and pri vate cables attributed the advance to covering of shorts because of unfavorable crop reports and the failure of the first July tenders there to cause any particular WCfl.lt Ttt?S9 The market here opened steady at an ad vance of 2 to 6 points, with active months selling about 8 or 10 points net higher after the call, or around 12.27c for Oc tober, i Business was considered largely In the way of local evening up and switching be tween months, with the advance held In check by scattering liquidation. 27 27 27.. 10 11 ,11 29 29 30 79 80 81 53 53 63 63 14 14 13 52 62 63 2 8 3 21 21 21 36 37 37 10 10 10 3 95 99 101 11 11 11 26 26 27 7 7 7 34 35 34 42 44 44 17 18 18 63 53 63 49 50 63 71 72 72 19 20 20 63 65 66 30 30 31 74 75 76, 52 62 63 7 8 8 32 33 33 16 17 16 31 31 32 34 43 43 43 67 68 69 cent; Thursday's Chicago Grain By CHARLES D. MICHAELS. Chicago Tribune-Omaha Hee Leased Wire. Chicago, July 1. Realizing sales by longs, who did not care to accept the risk of carrying wheat over a three-day holiday in a weather mar ket, caused the market to weaken and the close was 1 l-22c lower. First car of new wheat received to day from central Illinois. It sold for July price. Corn finished 1-81 l-2c higher and oats also advanced 1-81 l-4c. Rye was 12 l-4c lower and barley, 1-4 off. Provisions were steady. Lo cal cash sales were 20,000 bushels of wheat, 75,000 bushels corn in cluding 70,000 bushels to exporters and 43,000 bushels of oats. Seaboard reported England trying to resell wheat because of the larger Aus tralian offerings. Belgium brought 200,000 bushels of wheat in Argen tina today. The strike situation is partly in terfering with shipping business. Elevator operators will attempt to load vessels from river houses, but so far as South Chicago is concerned they will not accept vessels for load ing for the time being. Exporters bid lc over July, c. i. f. Buffalo, for No, 2 mixed corn either fresh shelled or kiln dried next weeks shipment, Wheat Market Nervous. Tt wan a nervous evening un market In wheat and price trend was erratic. Lower prices at the start were due to pressure inspired by the cooler and wet weather in the Canadian northwest and there was some selling by the country. There was big buying by eastern commission houses and locals on the dip, and prices rallied sharply. On the bulge there was more or less nrnfit taking by early buyers and by some of the outside longs and prices at mid-session were tower again, im was a disposition shown on the part of longs to even up before the holiday. The weather map Indicated that there Is a possibility of cooler and unsettled weather over the northwest during the three days' adjournment. There were good rains In the more northernly sections of Canada, while southern points were miss ing. Indicating a possiDiuiy or uisiurueu weather In those sections. There were light showers in North Dakota and just across the border from Wllllston the tem ne rat lira tii 63. indicating that part of the unsettled weather had worked across the border. The monthly estimates oi Snow and Goodman show further deterior ation but their estimates were better than expected. Local receipts were estimated at 20 cars. Corn Shows Strength. Corn exhibited strength. The fact that 4 000.000 bushels of corn were delivered on July contracts and failed to come out In the pit. forced many short sellers to come in after liquidation failed to appear. Usually a crop scare starts in the corn market after the Fourth of July and there was much covering by snorts ana invest ment buving of the deferred months In anticipation of this scare. Receipts were estimated at 286 cars. Shippers offered little corn out over night, anticipating difficulties in making deliveries because jot the elevator strike. j! air gains were estaonsueu in uai the Immediate start, but a setback oc curred later, with the deferred deliveries losing almost all of the grain. Trade was f n tn red hv a continuation of buying the current month agaijist sales of September and the margin between ine two was cut tn 20c. Factors In the advance were the disappointing deliveries on July contracts, which amounted to only 881.000 bushels; hot winds and dry weather In Minnesota and the firmness In other grains. There was little business transacted for shipping account, owing to tne tact mat the local brokers dirt not send out offers overnight in view of possible interference In fulfilline- their contracts by labor troubles In elevator circles. Receipts were much lighter, the estimates being placed at only 100 cars. There was no rye offerings on the mar ket today. No. 2 was quoted 2o over rnimtrv offerlnfl-a were reported liberal In the southwest. Farmers appear to be willing to sell as soon as they have tneir niiont threshed. The export demand was fair yesterday with sales placed at 1,000,000 bushels, which would offset the country selling to some extent. Outside traae am not ioiiow rne upturn In wheat as expected. Commission houses haft ninntv nf wheat for Bale on the rallies and this offset local buying. Some of the larger local shorts were credited wnn nav lng covered freely the last two days, which deprived the market of support from that quarter. The Clement-Curtis crop report for July said: "Wheat suffered a total loss of 25, 000.000 bushels from the June 1, govern ment report. The winter wheat condi tion, based on estimates and threshing re turns, is 75.4, last month, 77.2; Indication, Bonds and Notes Special Sale of Covered Poshes at PHILIP'S BIG STORE Exceptional rallies are offered! at the Philip Store for Saturday only. Large assortment of Imported Hand-Painted Covered Bowls and Dishes, beautifully decorated, gold trimmed, assorted pattern to select from; value up to $3.50; on sale, special, at 98 each. 6,000 Pairs of White Poplin and Canva SHOES For Men, Ladies, Misses and Boys, consisting of Shoe, Oxford, Slipper and Pump. Made by the U. S. Rubber Co. "Regent Brand" Value Up to $5.50 Different Style 24th and O Sto. South Omaha an Uvea With Each Wonderful Sale of MINA TAYLOR STREET AND HOUSE DRESSES at Philip's Big Store SATURDAY, JULY 2 Odds and Ends; Broken Lines and Sizes Values up to $5.50 on sale at $1.89 We cannot say too much about the wonderful values offered in these charming dresses for street ' and house wear. Many of them would usually WHOLESALE for more than this price. These dresses are smartly tailored, made of best quality ginghams, in plaids, checks and stripes different styles, light and dark patterns excep tional assortment to select from. Men's Straw and Panama Hats A Timely and Saving Opportunity You will find an unlimited and choice stock of Hats to select from in all styles, shapes, sizes and different weaves of straws. Values up to $4.50 on sale at $1.98 zS 24th and OSte. ' South Omaha Ask for Green Trading Stamps They Are Given With Each Purchase. The following Quotations furnished by the Omaha Trust company: App. Bid Asked Yield A. A. Ch. 7s. ltl 4 4ft 8.05 A. T. & T. Co. 6s, 1922 97 8 8.10 A. T. & T. Co. 6s, 1924 86S (5t 7 V0 Anaconda 7s, 1929 1& 91 8.60 Armour 7s. 1930 95 5 7.70 Belgian Oovt. 8s, 1941.. 9S4 D 8.1! ltelglan Oovt. 7 Ha. 1945 98 99 7.55 Beth. Steel 7s, 1923 86 97 8.46 British 6s, 1922 97 97 7.48 British 6s. 1929 88 88 7.33 British 6s, 1937 83 84 7.20 C. B. & Q. Jt. 6s, 1936 9 97 6.80 C. O. C. & St. L. 6s, 1929 86 87 8.25 Chile 8s. 1941 96 96 8.46 Denmark 8s, 1945 99 99 8.05 French Govt. 8s. 1945 98 98 8.75 B. F. Goodrich 7s, 1925.. 88 89 10.35 ault Oil Corp 7s, 1933... 95 96V 7.63 Jap. Govt. 1st 4s. 1925 84 85 4 9.65 Japanese Govt. 6s, 1931.. 69 69 8.75 Norway 8s, 1940 100 100 7.95 N. 11. Tel. Co. 7s, 1941.. 99 99 7.08 N. Y. Central 7s, 1930... 99 100 7.00 Packard 8s, 1931 94 95 8.75 Penn. R. K. Co. 7s, 1930101 101 6.74 S. B. Tel. Co. 7s. 1925.. 96 96 8.13 Swift & Co. 7s, 1925 96 96 7.96 Swiss Govt. 8s. 1940 104 104 7.52 T'dew'ter Oil s, 1930.. 94 95 6.96 U. 8. Rubber 7s, 1930.. 98 99 7.86 Vacuum Oil 7s. 1936 99 100 6.98 Wesfgh1 se El. 7s,' 1931 99 100 7.00 562,000,000, a loss of 16,000,000 bushels. K annua showed a en In of 7.000.000 bushels, Missouri and the Lake states suffering the heaviest declines. Spring wheat, at the making up of the report, snowed a comu tion of 83. aaralnst 93.4 last month, Indi eating 242,000,000. Unless rains fall very quickly the losses in the northwest will be Increased. Oats condition was lowered from 86.4 to 78.8 with DrosDects of further deterioration, Crop Indications on account of an Increase of l bushels in tne par is i,suv,uuu,vu bushels or 94,000,000 less than government June 1 report. Corn acreage Increased 6,000,000, the cotton states, showing over 6,000,000 and the states nf large produc tion lost over 1,000,000. Condition highest In some years at 8.7c, with crop promise of 3.067,000,000. Deliveries on July contracts were about as expected of corn and smaller of oats. Total sent out In the morning was 4,000,000 bushels corn and 881,000 bushels oats. Lard delivered were 7,000,000 pounds. CHICAGO CLOSING PRICES. By Updike Grain Co. DO 8637. July 1. Omaha Grab Art.. Open. High. Low. Close. Yes. Wht. July Sept. Rys July Sept. Corn July Sept Dec. Oats July Sept, Deo. Pork July Sopt. Lard July Sept. Ribs July Sept. 1.J4 1.26 1.22 1.22 1.23 1.22 1.24 1.26 1.21 1.21 1.23 1.22 1.20 1.20 1.17 1.18 1.17 1.10 1.10 1.08 1.08 .61 .62 .60 .62 .61 .62 .63 .61 .62 .62 .61 ,62 .60 .61 .36 .36 .35 .46 .36 .38 .39 .37 .38 .38 38 .41 .41 .40 .40 .40 40 iso"6 " 18.06" is.do" iioo" 10.55 10.55 10.50 10.50 10.90 10.90 10.82 10.86 10.35 10.40 20.35 10.40 110.75 10.75 10.65 10.65 1.24 1.24 1.23 1.23 1.20 i.'o'i .60 .63 .62 .61 .60 .60 .35 .36 .37 .38 .40 17.75 18.00 10.60 10.85 10.40 10.67 Minneapolis Grain. Minneapolis, July 1. Flour Unchanged. Bran 14.0015.00. Wheat Receipts, 244 cars, compared with 197 cars a year ago. Cash No. 1 northern, fl. 8401.44; July, 11.24; Sep tember, $1.27. Corn No. 3 yellow, 47 48c. Oats No. 3 white, 3233c. Barley 44 60c. Rye No. 2, 11.1301.15. Flax No. 1. 21.89Q1.91. Kansas City Grain. Kansas City, July 1. Wheat July, 11.11; September, 11.13. Corn July, 5151c: September, 66c. St. Louis Grain. St. Louis, July 1. Wheat July, $1.17) September, $1.11. Corn July, 57c; September, 59c. ' Oats July. 340 bid; September, 37 e asked. Farm Mortgages 7 39 Year of Loaning Experience Without a Loss to the Investor. Write for List Kloke Investment Company 845 Omaha Natl Bank Building. Pbons Doug. 1180. July 1. Cash wheat prices were generally unchaiiRed on offerings of old wheat but 2c lower on the new. Corn was unchanged to a cent higher and gen erally unchanged. Advance was confined to No. 2 mixed. Oats were unchanged to higher. Rye and barley were nominal. Grain receipts were light. The Omaha market and other exchanges will be closed to morrow and also Monday, July 4. WHEAT. No. 1 hard; 6 cars, $1.20; 1 car, $1.20 (new); 1 car, $1.19; 4 cars, $1.16 (new); 1 car, $1.30 (smutty). No. 2 hard: 1 car, ll.lt (smut balls); 1 car. $1.18 (smutty); 1 car, $1.15 (new. 1.3 rye). No. 3 hard: 1 car. $1.16; l-i car, $1.13 (smutty). No. 4 hard; 1 car, $1.1S. No. 6 hard: 1 oar, $1.17 (heavy); 1 car, $1.08; 1 car, $1.07 (shipper's weights, 51.8 lbs ); 2-3 car, $1.06. Sample Spring: 1 car, $1.00 (49.4 lbs.): 3-5 car, $1.00 (dark northern, 47.6 lbs.). No. 2 mixed: 1 car, $1.28. No. S mixed: 2 cars, $1.07 (durum). No. 6 mixed: 1 car, $1.02. Sample mixed: 1 car, $1.00. CORN. No. 1 white: 8 cars, 65c. No. 2 white: 1 car, 66c; car, 64c. No. 1 yellow: 4 cars, 49o. No. 2 yellow: 3 cars, 49c. No. 3 yellow: 1 car, 49c. v No. 6 yellow: 1 car, 44 c. No. 1 mixed: 1 car, 63o (near yellow); 1 car, 48c. No. 2. mixed: 1 car, 6$o (near white); 1 car, 60o (near white); 1 car, 48c. No. 6 mixed: 1 car. 40c (musty). Sample mixed: 1 car, 37c (heating); 1 car, 36o (heating). OATS. No. 2 white: 3 cars, 31 c. No. 3 white: 1 csr. 31c; 1 car, 31c; 1 car, 31o. No. 4 white: 2 cars. 31c. Sample white: 1 car, JOc; 1 car, 29c; car, 29c. RYE. No. 1: 2-6 car. $1.05. No. 2: 2-6 car, $1.02. BARLEY. No. 1 feed: 1-3 car. 40c. ftnmnla! 2-6 car. 40c. OMAHA RECEIPTS AND SHIPMENTS, Receipts. Today Wheat 37 Corn 30 Oats 14 Rye 1 Barley 1 Shipments Wheat 18 45 87 Corn 43 68 3 Oats 8 9 14 Hye 1 Barley 4 0 CHICAGO CAR LOT RECEIPTS. Today Wk. Ago Yr. Ago Wheat 20 19 10 Corn 235 819 238 Oats 100 131 84 KANSAS CITY RECEIPTS. Today Wk. Ago Yr. Ago Wheat 161 186 119 Corn 38 64 21 Oats 21 10 4 ST. LOUIS RECEIPTS. Today Wk. Ago Yr. Ago Wheat 90 61 82 Corn 41 23 98 Oats 18 23 66 NORTHWESTERN RECEIPTS OF WHEAT. Minn 244 281 197 Duluth 62 114 77 Winnipeg 118 154 Holiday. PRIMARY RECEIPTS AND SHIPMENTS. Receipts Today Yr. Ago Wheat 919,000 822,000 Com 1,006,000 831,000 Oats 618.QD0 677,000 Shipments Wheat 679,000 445,000 Corn 626,000 396,000 Oats 767,000 629.000 EXPORT CLEARANCES. Today Yr. Ago Wheat 1,249,000 696,000 New York Sugar. New York, July 1. The raw sugar mar ket was unchanged at 4o for centrifugal. There were no sales actually reported at that level, but there were buyers while holders asked fractional gains, and it was rnmored that late yesterday some 6,000 bags of Porto Ricoa or more changed hands at 4 and 4 1- cents. Tha business definitely known was 2,000 bags of San Domingoes due next week at 2 6-8o C. I.t., or unchanged from previous sales. Week. Ago 16 37 13 1 Year Ago 68 70 13 South Side License Issued for Wedding Of Social Settlement Head A marriage license was taken out Thursday afternoon by Ralph Doud, 31, and Mrs. Marie LetT-Caldwell, 30, head of the South Side Social settlement. The wedding has been announced for July 14 and Rev. V. S. Leete of St. Barnabas Episcopal church will officiate. Mrs. Caldwell will go cast late this month to meet her son, 9, when he arrives from Germany. The honeymoon will be spent on Mr. Doud's ranch in Colo rado, Boy Bitten by Dog Mike Meckno, 11, Forty-third and J streets, who was assisting his father, a peddler, to deliver vege tables yesterday, was attacked by a dog in the yard of Peter SchlcfTer, 4612 South Thirty-second street. The dog inflicted two wounds on the boy's legs, which were dressed by Police Surgeon Young. Officers were sent out to bring in the dog. South Side Brevities Funeral services for John Anderson, who lived at 4213 South Thirtieth avenue, will be held today at 2 o'clock at Brewer chapel. South Ride. Burial will be In O race land cemetery. Flties of $100 each were Imposed on Kick Koogan, 4930 South Twenty-sixth street, and Charles Crely, 2810 K street, yester day, for Illegal possession of lliiuor. Philip Greenberg. proprietor of a Soulll Side department store, will he host to ia school girls at pivnlo In tlpt'ing l.ake park, this sfternoon. Omaha Bank Clearings Omaha bank clearings for June of this year were nearly $90,000,000 less than in the same month last year. For June, 1920, the clearings were $248,177,445.48. For June, 1921. they were $158,531,462.06. Dun's Trade Review. New York, July 1. Dun's tomorrow will say: "General commercial revival having failed to develop during the first half of tha year. It Is not the time now to look for decisive improvement in conditions. Even in active periods, July brings In terruptions to business throufh holidays and vacations. Inventorying and sus pension of work for repairs snd other restraints add their weight this year. The combined effect of these forces ap pear In a further slowing down in basio Industries and primary markets and a larger retail distribution ot seasonable merchandise is only a partial offset. That some plants are well engaged, all things considered, Is encouraging, but iron and ' steel output remains an extremely low ebb and textile production has receded again In some divisions. "The fundamental cause of the re striction of manufacturing which extends to many lines Is found In most buyers' persistent disinclination to do more than cover Immediate requirements and cur rent needs are limited. The practice of economy and retrenchment has become no small factor In the present situation and the sharper competition for orders finds reflextion in the not Infrequent of ferings of goods at lows prices Result of the six months just now ended have proved disappointing to those who had expected general and substantial economic recovery and have necessitated modifica tion of some view regarding the probable duration of the readjustment. The reo ord, however. Is not wholly unsatisfactory, for progress has been made In correcting the artificial and unsoend status of busi ness and the foundation is being laid for stronger conditions in tha future." Weekly bank clearing $5,649,612,831. American Telephone 4 Telejnph Co. 127th DIVIDEND A Quarterly dividend of Two Dollars and Twenty Its Cents per shire will be paid on Friday, July 15, 1921, to stockholders of neerd st the wtss el business on Monday, June 20. 192L B. B LAIS-SMITH, Treasurer. Phone DO uglas 2793 sin I Wf L OMAHA IR.C I H r ( PRINTING Mj- I f JJ COMPANY I.53f I V; Commercial Pritorsithmraphirs stcelOic Cnbossciis LOOSC LEAP O CVICCS The Conservative Savings and Loan Association of Omaha Under Supervision of State Banking Board) Financial Statement, July 1, 1921. Loans on improved city real estate .$10,830,622.00 Loans on.improved farms. .:. . . 4,676,250.00 Loans on pass book security 182,736.60 Accrued interest on city loans : . 1,163.15 Accrued interest on farm loans 18,644.96 Loans in foreclosure ,: : 7,498.23 Real Estate Sales on contract 80,049.81 Office building and lot 81,000.00 Davidge Block purchase for future Association Home ,240,000,00 Municipal bonds and warrants $229,547.26 U. S. bonds and certificates 909,270.00 Cash on hand and in banks 570,280.96 1,709,098.22 Total v. .,.-..... $17,827,062.97 Payments and dividends added $16,961,454.78 Balance to be disbursed on loans 169,588.68 Undivided profits $ 21,019.51 Reserve fund. 675,000.00 696,019.51 Total $17,827,062.97 We invite you to avail yourself of the service and - security of our Association for the accumulating of your savings and the making of investments. OFFICERS AND DIRECTORS Paul W. Kuhns, President. Edgar A. Baird, Vice President. James A. Lyons, Secretary. J. Herbert McMillan, Treasurer. Letter R. Slonecker, Attorney. William Baird, Counsel. Randall K. Brown. Charles C. George. J. A. Sunderland. E. A. Benson. Robert Dempster. Byron R. Hastings. H. A. Thompson. C. M. Wilhelm. A. W. Bowman. John F. Flack. J. C. Robinson. A. P. Tukey. Office 1614 Harney Street, Omaha, Nebraska.' South Side Office Kratky Brothers, 4805 South 24th Street