THE BEE: OMAHA. WEDNESDAY, JULY 6. 1921.
11
f
r
Morri Packing Co....
Swift Co
J. W. Murphy
Swart Co.
Lincoln Packing- Co.
WUku Packlnc Co...
M. Glass bur
Hissin Packing Co...
Holtman Bro .......
Mayerowlrh A Vail ...
Midwest Pkc, Co. ....
Omaha Pkg. Co.
John Roth. A Sob ...
Sinclair
E. O. Christi Son .
John Harvey
P. G. Kellor
Joel Lnndrrea .
T. P. Lewis
J. B. Boot A Co. .....
Rose as lock Bros
Sullivan Bros.
Wertheimer A Deren..
Other Buyer
Ogden Fkc. Co.
Cadahy Sioux Folia ..
Total
Railroads Ask
For New Capital
Of $6,000,000,000
$5,000,000,000 Needed to Cor
rect Shortage in Buldiing
And Public Utilities Re-
quire $3,000,000,000.
By HOLLAND.
F. O. Watts, bo is president of
the First National bank of St Louis
and it chairman of the finance com
mittee of the American delegation
to the International Chamber of
Commerce now in session at Lon
don, sa'd to the members of the con
ference that the United States is
confident of an early return to stable
conditions. This 1 i in line with
statements which have been male
by others who are qualified to
sieaV. It tends to justify the be
lief which was held late in the win
ter that nothwithstandino; the busi
ness depression, the promises was ex
cellent of a change which would
be followed by improvement, as
soon as readjustment was complet
ed. Mr. Watts, in speaking of the
dangerous expansion of credit, fixes
December of last year as the time
when that expansion reached its
peak. The governor of the federal
reserve system, Mr. Harding, re
cently intimated that the enormous
expansion of credit m the United
States began to be checked in the
closing weeks of the calendar year.
It was in fact due to thi change
that so many of the men of author
ity felt justified in saying that im
provement began early in the winter
although the public did not recog
nize it at that time.
Capital lanes Abaattod.
It to an astonlshlne- fart that aotwtth.
slandler the condition which prevailed la
III, aeverthelea a creator amount of
capital looueo war effort ta the market
thae la any prevteas year. Almost all of
these issues wore absorbed. The ail" re
rat waa many hundred million. If
there bad beea real financial distress etm
llr to that which prevailed ta the first
three year ef Preatdoat Cleveland's sec
ond administration er which ac aln pre
vailed In the fall of 17, It would hare
been Impossible to float these snormoo
eanltal nfferinea
Ths demand for new capital, however, j Armour A Co. . . .
rontinaeo Mr. WiKl estimates that Icadahr Pkl. Co.
3l.,M.ttl of new capital is now j fold Packing- Co.
aeeded and some wiu do seevrea wiuun
the next 11 month. His estimate ta
based ta part epos. Information which he
baa received from railroad authorities.
They have told htm that the railroads of
the t'nited States need at least 16.00.
ttft.tt if they are to be put hi position ;e
take the betterments. Improvements nd
the expansion of terminal facilities which
are needed if the railroads of this country
are to be la position to handle all ths
traffic which will be offered.
S4 .00 .DOC, MM For Railroads.
These estimates do not differ greatly
from one which was aaade by Jamss 1.
Hill IS years era. Hs at that time said
that ths railroads ahoold receive at least
lJet.460 Oe a year of new capital and
should continue to receive that for 1 years
If they were to be made adequate for the
transportation demands which havs coma
to them. He spoke especially of the
need of rreatly enlarged terminal fac
ilities. This need railway manager say
ia creator today than at any other time.
At least .4,000. fcue.vso are neeaeu u
the shortac ia building and housing con
ditions Is to be ended, and public otlli
tte. so many of which are now greatly
rn need of Improvements, will require
from ll.OOO.tOC.tot to tOOt.tOt.oei. When
conditions - become stabilised, this new
capital will undoubtedly bo secured. Mr.
Hoover, secretary of commerce. Is report
ed to have said to friends in this city
that he thourht conditions would bo
stabilised within two years. Mr. Wats
apparently agrees with ths secretary of
commerce, although he does not fix any
definite date tor the perfecting et stabil
ization. H Intimates, however, that there
win be aa early return to stabls condi
tions and It may be that he ta of the
opinion that these favorable conditions
will be estsbllahed within a shorter time
than that named by Mr. Hoover.
Victory Notes.
Within two and one-half yeare a Httl
aver 17.eC0.Mt tot of the shotr-terra debt
will mature. A part of this maturing
debt Is represented by the Victory notes
and war saving securities. There is no
doubt that Secretary of the Treasury
Melton has had this In mind when he
was oons-dering the funding of ths debt
which the allies owe no the United States.
Of course the government will not be able
to pay t7.tC0.Cve.CCe for the redemption
of Victory notes, certificates of Indebted
ness and war saving securities. There-
tore some method of funding these obliga
tions must bs adopted.
A good deal of American capital went
across the seas while the war was in
progress, but ths excitement occasioned
by the war caused thla movement to be
overlooked. Perhaps the greater part of
thla American capital went abroad for
the purpose of paying for American se
curities of which from three to four bil
lions were held la Great Britain and la
Europe) at ths time the European war
began. I
No authoritative method has beea
adopted of determining bow many of
these American securities our own ln
v tors bonght and abssrbed. But the
g era Impression is that there are bow
1- the falted States eenaidrably In excess
of H.eO'.fCC.Ooe in American securities
which, before lilt, were held by investors
In Great Britain and ia Europe. Mr.
Watta estimates that the amount of ss
curitiea our Investors purchased from
European holder was a little ia excess
of l,0,t.t. Perhaps be has under
estimated. This absorption of American
securities eras ona of the factors ia bring
ing about a Changs in ear world posities
front that of a debtor ta a creditor na
tioa, Chicmge tire Stock.
Chicago, July S. Cattle Receipts. 17.
SC head; year linn steady: other steers
closing lie to lie lower; many unsold on
lower bids: top yearlings. tt.lt; bulk beef
steers, l4.T64(i.lj; she-stock; bails; veal
calves strong ta tic higher: bulk tat cows
and heifer. H.Utj l canners and cwt
tsra. 11 "Stjtl li; boiorona bulla. 14-ttf)
44: bulk butcher boils, iiiiM; veai
waives 1 a : K nr. ...yBi.,i, va v
Richer: feeders dull.
Hogs Receipts. 4Ct bead; active,
strong to 1 t higher than Saturday's ave
rage, mostly 10c higher; closing strong:
lwid.vr comparatively moderate, mostly
-weighty packing grades: ton, 115; blUk.
tii.it 61-41; pies around 10c higher; de
sirable. Si.7S6i.sa.
Sheep and Lambs Receipts. T.4CI head:
Seat lam bo 40c higher to shippers, others
aadteheep firm to lie higher; choice na
'ive lambs, 1141 ts shippers, packers,
; Idaho. Il0.it ts packers, choice
t 111. t shippers; good western weth-
.-s, la.as.
Om ha Hay Market,
Prairie Hay Receipts fair, market al
most stagnant: prices lower.
Alfalfa Receipts, light; market drag iy :
price lower
Straw No receipts, nominal demand.
Upland Prairie Hay No. 1. Ill.tt to
tl-M; No. X. SIM to tlt-Ct; No. S. S7.H
ts 11 .
Midland Prairie Hay No. 1. tlt.tt to
111.W; No. t. 17. St ta tS.M; No. a. It-SI
to ITU.
Lowland Prairie Hay No. 1. tl tt to
lit: No. 1 li lt to 17.1.
Alfalfa Choice. Ill.tt to (It.; No. 1,
lit. to S17.tr; standard. Ill.tt to 114. tt;
.No. S. .t to $11. M; No. I. Sl.tt ts l tt.
Straw Oat. ta.tt ta Sl.tt; wheat, ei.tt
to ta.tt.
Sew York Cectoau
Kew Tors, July t The cotton market
shewed the Influence of FrMay-a erP
report and Improving sod aat rial condi
tions ia 1 gland during today's early
trading.
Liverpool aaade a vary firm shewing
ever the local holidays and ths market
her opened firm at aa advance mi It
to XI points.
Trade interesta, lacludiac brokers -with
Japanese connections, were the best buy
ers on ths advance, which soon carried
the active mocths St to 17 points above
last Fridays closing quotations. - with
October ceiling at ll.7sc or t7 points
sbevs tie low price toacnea just skuti
ths governteat report was fsdu
THE GUMPS
IN THE WINTER IN THE SUMMER AIN'T WE GOT FUN
Drawn for The Bee by Sidney Smith.
Copyright, ltll. Chicago Tribune Company
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WE OVE"R. TiT ICE- 00 PON'T kTNONrJ fWtS. LAKE AT rvLU- T H0t MARV
OV TrttRE TM-CT L00 LIKE UlY FAPS? TrtOE AWVX HLV ?AVS- .YMO-St ARE BEA TftACK.
CrAA-SO HM ALU OVES. THE LAKE UA WINTER. N MOVl- 'tA.T WHKT
AAVLO TvE V-AVCE. ROU6H- 1 GOT WlM THOUGH-. I 60T HtAA
C0RNE.EI vP A TREE- CLIMBEJ UP AN P PUSHED HJ OP"p
TWE HP OF A LVM8- KVOHT OVEc. THE LAKE- HE
HAkp HE CRACfcTEP VT r OR A
, MILE- A Cack A&OUT 4 FEET PEE?
VsANT TO Loo OUT t-CrScl THAT C1EACr.- Caf YOUR
SOAT CA.UGHY IN THA.T
aho You're 60 NE-
Market, Financial and Industrial News of the Day
Live Stock
Chicago Gr
ant
Omaha. July t.
Receipts wsrs Cauls. Boga, Cheep.
Monday, July 4
Holiday)
Tuesday estimate... I.tot 10. sM 17.tt
1 days thla week.... Met l.60t ll.tfrt
Sams last week .!7 fl.711 15,751
Same 1 weeks sgo..l2.1Sl 15 l: 21.177
uii t weeks aao .14.fW f.77t It 40
Sams days year ago. 1,111 I. lit K.llt
Rsceipu and dicpositlon of Dv stock at
the Union stock yards. Omaha. Nee, for
it hours, acding at 1 p. m, July i, 111
RECEIPTS Cars.
C, at A Bt r. Ry. ..,
Wabash R R.
-a. Pat Ry
Union Pacific R. R. .,
C 1. W. Ry, east .,
C N. W. Ry, west .
CL, 61. P, U - O. Hy.
C, B. Q. Ry, east .
C B. A Q- Ry., west ..
C, R. L - P, east ....
C, R- L P, west ...
Illinois Central Ry ...
C a W. Ry
.. 1 1 . ..
. e
.. 1 41 U
. 1 4 , .
,. II It
.. tt It
,. It I
.. It It I
,. I I
I
S OS
IB 1
.111 1 CI
DISPOSITION HEAD.
711 l.tdi
.til
171
141
tit
41
217
II
t
li
41
44
, I
14
lot
11
14
27
24
112
I
C2
111
2.834
l.lll
1.141
i.iei
1.44
tt
II
2.I4C
2.4!t
241
1.912
1.211
24
174
lit
MSI
..4.171 11,11 11.411
Cattle Just a fair run of cattle showed
tip for the opening days ef the week.
' about I.Ctt being reported in, but heavy
runs and bearish markets at other points
weakened the situation, and outside of
few sales of good, light, bandy steers,
which were steady to strong, the steer
trade was slow and barely steady with
last week's low time. Shippers paid IS IS
1.11 for prime light hsady weight
ateera, but outalda of that very little was
sold over IS. eft. Demand for cow stuff
waa very light and prices alow to lower.
Etockera and feeders were slow, but about
steady with the low time last week.
Quotations on cattle: Choice ta prime
beeves. 17.1191.21; good to choice beeves,
t7.tSt7.7t; fair to good beeves, 11.1(0
T.ll; common to fair beeves, ll.ttei.lt;
choice to prime yearlings, tt.ettil.2l;
rood to choies yearlings. I7.lt 7.tt; fair
to good yearlings, 11.7167.41; common to
fair yearlings. Iltcet.71; choice ta
prims heifers. 11.7197.16; good to choice)
heifers. Is.ttgff.7s: eooic to prime cww,
tl.Sees.tt: good to choice cows 14.710
l.4: fair to good cows l4.tO04.7l; com
mon to fair cowe, Il.lt0t.7t: good to
choice feeders. Ii.tt04.lt; fair to good
feeders, IS.2S0i.tt; common to fsir
feeders, I4.ttei.2l; good to choice
stackers. tS.7S0t.it; fair to good stock
era, I5.M0S7S: common to fair stock
era, 4.M0S.O: Stock heifers. tl.IO0S.tt;
stock cows. 12.100 1.7S-. stock calves,
!4St0I.SO; veal calves. t4.SO0t.4D; bulla,
stars, etc, S2.7S0S.St.
BEEP ffrrERS.
No. Av. Pr. No. Av.
II tOS I 21 II !
41 1027
21 10M
t 1271
S4 1S14
12 1134
7 ft
T 21
7 S
7 II
I It
4 1141
4t 1241
42.. 1112
It lilt
Pr.
STEERS AND H BETTERS.
t?l I 71 II 711 T It
7 IS 2 :t T 7
2S 22 lttl I IS
YEARLINGS.
t 7S 24 2! T ZS
7 4t II T 7 II
T 70 51...... JU I
cotra
i it t tit i li
I 25 12 1171 t II
HErr EP.a.
I 7S It 10 I IS
I tt It 7l I 4S
I 71 It Ill 7 tt
T 41
BTTLLSL
I 111! I 71 1 1M M
CALVES.
1 tt I 00 1 lit I t
ogs Receipts of hogs today were eotl
rr.itMl at 111 loada or 10.S0I bead. There
1 was a fairly good demand and prices gen
erally steady to ltc h:gner tosa Saturday.
although the top aia not snow sny aa
12...
7...
17...
IT...
t...
27...
It..
17..
21...
4...
I...
I...
.. St
..1141
.. Til
.. Til
.. 774
,...1027
...lies
... 97
,.. P1
... Sl
,.. 131
vence. Bulk of
with a top of IS.IS.
Na Av.
41. .217
II. .124
12. .244
St. .271
M..24S
71..15S
IS. .211
It. .lit
ll.t0l.S;
STh, Pr. No. Av. fa. Pr.
Ill T II SI. .205 7t I It
lit I IS 41. .271 41 I I
41 I 2S It. 214 111 I 21
71 I IS 71. .221 ... 4
ltl I 4S t..237 ... I It
lt I It 17. .251 ... I IS
41 I 71 M..212 ... I 71
II I tt IS. .191 4t I IS
Sens Tark i
New York. Jalv S. The raw sugar mar
ket was mora activs today, bat tfcere was
so chango ta Ojastatioas, which continue
oa the basta at 4t far centrifBgaL The
day's busmess Included 7Ltt bags af
Porto Rioee and 14 OAS ura of Philixinlne
lelands centrifugal at 4c and lt.ta bags, sales. I7.7S0I.1S.
I aaa tmnBgoea at !, a. L
Sheep and Lambs A rather liberal run
of sheep and lam be was yarned, aooui
17 tt& head, and trade was slow ta open
ing. Esstern advices, however, were gen
erally favorably and after one under way
desirabls o'ferings moved freely at
steady to stronger prices under a broad
.mri Good to choice spring
lambs sold at 11100011.21, and choice
cltpped Umbo, corn fed, brought IJ-"
Call for seed stock wss good snd prices
strong. Desirable weathers bringing ll-tt
and choice ewes, l4.tO04.lS.
Quotations on sheep: s','l..'mP
IS.tt01t.2S; shorn yearlings. .I97.it:
sbora ewes. 1O04.:S; cuU ewes, ILtO
15.
raaaat City Live Stock.
Kansas Oty. July 5. (U. S Bureau of
ISarketa.) Cattle Receipts, ll.ttl head:
beer steer to 15c lower, better sjadea,
7S0ISt; plainer kinds. lS.7S0l.6t,
yearlinga. strong to 2Sc higher; top. 11-21;
tarkara snd feeders, strong, unevenly
higher; good light feeders. ll.4O0l.lt;
stockera. S.ttt7S.St: all other classes n
even but mostly steady : best vealera.
IT.TiJffl.C9: good eewa. Sei.25: rae
drura kinds, 14.1004.: yaarUng heifers,
"nors Receipts. 1 101 heal: generally
lie t lie higher than Saturdaya average:
choice lights and mediums to packers and
shippers, tt.tt: bulk of sales, 11.710111:
stock pigs. 15 0 lie higher; fear choice
hrhts at ll.lt. ,
Fheep and Lambs Recelpta. I.tCt head:
killing classsa stesdy to 2Sc higher;
Texas wethera, 14.71; ewea. I4.M; year
ttsga, tt.lt; native lambs. tt.7l; Tezaa,
ll.et; Texas feeding lamhs. It t.
Sum City Lrve Stack.
Sloaz City, la, July S- Cattle Re
ectpts. l.:tt bead: market 150Ste higher:
ted steers and yearlings. 11.700 LSI; fat
evws and belters. 4.0t tt; casaera,
Il.tt02.tt: veals, ttttei.tt: fsedera.
4.S0S.lt; calves. 11.50 0 5. l; feedmg
cowe and heifers, Il.lt04.ll; atsckers.
t4.et0S.5t.
Hogs Receipts. 4. Its head; maxaet
weak to strong, light. II 1001 It: mixed.
II 201 50: heavy. I7.5t0a.li; buiki of
lea. (T.Ttfri.is.
Shoes and Lambs Nose, act sraotad.
Financial
By ALEXANDER DANA NO YES.
Chicago TribuBc-Omaba Bee Leased Wire.
New York, Ju!y 5. No uniformity
By CHARLES D. MICHAELS.
Chicago Tribune-Omaha Be Leased Wire.
Chicago, July 5. There was a
sharp break in pricei for wheat dur
ing the last 30 minutes. Locals
bought wheat early, anticipating a as to price movements characterized
rise, and selling by these buyers was j today's markets. Trading in itocks
withered away to the point that the
turnover was the imaHest in nearly
a year, where as in the bond market
there was activity and strength, this
being a duplicate of the v situation
which prevailed last Friday. Cotton
gave a belated rflection of the gov
ernment's crop report showing low
acreage and yield, and prices for a
time moved forward buoyantly.
In the grain market, however,
sharp declines were registered on
word that the drouth in the north
west had been broken. As for for
eign exenange, rates held within nar
row limits and the close of the day
found sterling and francs slightly un
der the previous close.
Strength in the bond market was
undoubtedly a continuation of the
July reinvestrrent demand which be
gan to make its appearance at the
close of last week.
Market ia Doldruma.
a big tactor. At tne close, prices
were off SH6J4c Corn was 3jgg4c
lower and oats were lje2c lower.
Hedging pressure on corn is becom
ing heavier, as receivers are advis
ing country shippers to sell the July
and apply the cash corn against the
purchase, as spot corn is bringing
only 2?2c under July. .
Rye was 46c lower and barley,
Jie off. Pork was 10c higher to 10c
off, lard unchanged to 2Vic higher
and ribs 1215c lower. Local cash
sales were 15.000 bushels of wheat
90.000 bushels of oats, including
50 000 bushels t L f. Buffalo and
1,500 bushels of barley. Seaboard
reported oO.OOO bushels of corn
worked for export. Sales of 10,000
bushels of wheat and 100,000 bushels
of corn were made to go to store
Weak raaerton ta Wheat.
Wheat had a weak undertone and the
market was onen an hour before one
could detect any buying worthy of the
title of good. ATI ia favor nf tK con
structive aide of the market seemed to
have loot hope over the holidaya. This
was due to the fsct that the Canadian
wheat belt received a good soaking snd
beneficial rains and cooler weather were
general over the Americaa northwest.
Selling pressure was general, but most of
the orders were executed through north
west houses, confirming the improvement
in the crop outlook.
The sharp break In Winnipeg con
firmed the improved Canadian crop out
look. There was a resting order to buy
July at 11.20 In the market and this gsv
the current month a semblance of steadi
ness, bnt September reached 11.11 before
commission bouse buying of good charac
ter developed. The movement of wheat
was not quite so large as anticipated, the
three days arrivals totaling only ! cars.
according to a preliminary estimate.
Cora Price Lower.
Corn waa lower. Trade was slow.
elevstor strike Is causing the market to
work Into a weak position. There were
estimates of receipts of 0t cars of corn
and receiver had considerable oirncuity
la finding a market for this gram, ele
vators being fairly veil filled up and.
with a strike on. their fscilitles for loaa-
I-r and unloading grain are naaiy crip
pled. Contract grades of corn sold s
i lite iii nut nnder the July. Good
rains were shown in parts, but additional
moisture and cooler weatner is uesir j
fur th firwiMLnt.
Interest was lacking In oats snd trans
actions made during the fore part ofthe
i of ma tor Importance. Pries
trend was lower, msrket being affected
hy the strike situation and weakness tn
other market. Locals committed them
selves lightly to the selling side and ths
demand was of s commission bouse na
tnr. Lrrelr to fill resting orders. Re
ceipts were heavy, comprising a three-aay
run. an estimate being for 400 cars. There
wss little life shown In the cash market,
ths etrlko curtailing be shipping de
mand, and discounts were widened to the
extent of iitse. . . . ,. ,t
Rye was weak, imh "
IL1IH and No. 1 at ti.ia-n.
TH te
Elevator "r JJl:
resa in repiacms . . " . h.ine
rioua plants. Several houses are being
"ZJ ?food shape, and there sppe.rs
to be bo lack of available labor. tot,"
a week, tt IS sain, m c.-
working la good shsps . th t
Privets Argentina avie, "id""
Buenos Aires markets were strong on sc-
tiv. buying of both wneat a
Germany. rc on tms .
sh prers are extenamg cmui
Ger7 buyers as prices , f or our Gulf
wheat are under a party with Fia-e
wfceat ,
Big discounts tor toeuki L . ,
grade under the July, were p"j
to lick ox mce-quaie a-w . - -rUyle
the fsct that ths elevator plant,
are still running slowly on account of the
atrfke. Aa a result about the only buyers
were some of the elevator Mncrr and
prices were depressed In the sample crowd.
One of the leading elevator operators
that there would be considerable grain
shipped out ira .edaitely and that tiua
would make room for current receipts.
Cooler weather in the Cnsdian north
west, with scsttered rains were respon
sible for weakness at Winnipeg. Jar
there sold off sharply.
Sine Friday toe re nave o jo """'-
-4 rc.rv aartiona ol our noric
and Canada. A few sections in Minnesota j
and South Dakota failed to get any rain,
but relief was pretty general. However,
the bet wave does not appear to be
broken snd temperature remain B.gn.
This mornln the weatner was
fair and warm In the northwest, with no
heavy rains showing on the map ths last
24 hours. Southwest cornfields hsd
A ,her was scatts-d pre-
eipltstion through Iowa and Missouri.
. , v.-,. -KHr'and is 5"JI-
fering from s serious drouth, scorching
weather having prevailed for aix weeca.
rmriif Jane less than one quarter inch
of ram fell, the month having been ths
dryest for more than a century.
Efforts sre being mad in the British
parliament to repeal the agriculture act
New York Quotations Omaha Grain
i
' Bonds and Notes
Range of prices of the leading stocks,
furnished by Logan t Bryan. Peters Trust
building:
RAILS.
rrt.
High. Low. Close. Close.
a t. s. r tti to t
B. b O SSi,
Canadian Pacific. .lcs
The stock market was ta the doldrums.
The movement of prices held iitlie inter
est. More Lnan one-iifih of the trading
&s in one issue, .Mexican petroieum,
wtuch declined to a new low for the
year. It was a striking commentary on
the position of the market, however, that
a drop of some t po-nt in this issa did
not unsetti Lne entire list. Such a de
gree of weakness eome oays ago would
hav seen prices tumDiing la ouier quar
ters as well, un the wncle. ti-e market
today might bett be desenbed as irregu
lar, but tne narrow quality of trading
was evidenced b the case of Vuited
States steel which moved over a range
of i-ay 1 point.
Tne additional recovery la cotton over
tiat which tne mnr&et snowed i nday oa
tne government crop refort, came rather
as a reflection Irom jjvtrpooi, where
prices rose ever the holiday. This in
tiMved co.ering here, iioikever, the up-
v turn which was impelled from abroad,
t sijLi-keni s.meurr.at InmrArA th, , lr... r.r
trading as reports-came to hand of more
favoraoie weather in the cotton belt.
'ore,gn exchange ruled quiet. The
market has been narrow ever since the
second jjaymem to tne reparations com
mission by Germany. What little change
in ratta does taite place, aowever, ia to
ward krwer levels, i or the time being
evea speculation, which cad been a big
factor in the exchange market ail of this
year, is absent.
CHICAGO CLOSING PRICES.
By Updike Grain Co. LtO. 2627. July I.
Art, j Open, j High. ) Low. Close. ) Sat.
' 'Bt" I J Iii
July 1.11 '-!. 1 L17 L17 L22
11 j- 1.1- iii
Sept. l.:u 1.2 1 LIS 1.1 1.21
Llsi, J. 1.11 J L12
Dec. , L21! Lll l.lt!! L22
Bye 1 I i
July 1.17 1.17 Lll Lll 1.11
1 1174
Sept. L05i LM L02 1.01 L(l.
Corn
July .11 .611, .SS .it .12
,60ir i. 5t .tlhi
Sept. .1141 .tl .IS .12 i
-40V J. 56
Dee. .10 .10 ii .SI, I .11 Al
.11 .681,
Oat
July .21 .36 .14 .24 .14
.1H,. u......
Sept. .SI .ItVt .11' .31 .21
-38 21 .38
Dec, .40 .41 . .3S .40
t. 1S .40
Pork
July 17.15 i'17.7l 17.15 17.75 17.71
Sept. 17.75 '17.I0 17.15 17.10 L
Lard I
July 19.55 ht57 ho.45 It 12 30 60
PetU lt.lt '11.17 11.75 !10.I5 11.85
Ribs 111
July 10.35 llt.75 1.25 11127 lt.4t
Sept. 110(5 hilt It 41) llS.EO 11.61
17
107
!
B
11
11
7
1
1
li
11
17
11
14
14
15
11
71
1
!
21
llil
41
"
13
45
7
M
2
2
20
17
18
14
14
II
11
74
11
24
117 117
.... 7
122 121 Kl
11 11 21
II
21
71
44
IS
25
X. T. Centrsl t
Cbes. A Ohio 11
Erie R R 11
Gl Nor. pfd I
Cht Gt. Western.. 7
Illinois Central.... 10
M., K A T 1
K C Southern.... 25
Kissouri Pacific... 10
New Haven 17
Northern Pacific 11
A K. W 14
Pennsylvania ..... 14
Reading 4
C R. L A P 12
Southern Pacific.. 74
Southern Ry It
C M A St. P.... 21
Union Pacific 117 117
Wabash
STEELS.
Am. a A T 124
Aitis-Chsimer ... 11
Am. Loco
L td. Al. StL Corp.
r-eld. Loco. Works 71
Beth. Steel Corp... 44
Crucible Steel Co.. 54
Am. StL Poundries 25
Lackaw'a SU. Co.. 17
Mid. 8tl. A Ord.. 2S
Prose. StL Car Co. 70
Rep. I A S 45
Ry. Steel Spring
TJ. S. Steel 74 71 719
COPPERa
Anac'a Cop. Min.. 11 17
Am. S. A Rfg. Co. 17
B A S. Mln. Co
Chile Copper Co.. 10
Chino Copper Co.. 21
Insp. Cona Cop... 13
Kennecott Copper.
Miami Copper Co. ....
Ray Cons. Cop. Co. 12
Utah Copper Co... 41
INDUSTRIALS.
Am. Beet Sugar
A., G. A W. L S. S. 22
Am. Int. Corp 14
Am. Sum. Tob. Co. 51
Am. Cot. Oil Co.. 1 .
Am. T. A T lf'S
Am. A. C. P '7
Am. Can Co. 2
Ch. Mot. Car 52
fen. Leather Co.. 14
Cuba C. S. Co 1
Cal. Pet. Corp.... 11
(-.nrn P. R?e. Co.. 14
Net. S." A S 44
Fssk Rubber Co.. 12
18
101
41
14
11
7
10
ii
10
it
it
14
14
11
11
71
11
24
Omaha, July S.
Receipts of grain today, covering
arrivals for four days, were compar
atively light. heat receipts
144 nr rnn t.7 oats ? r-ir. frnr ! Am. T. A T. 6. 1K4.
. . ' J " Jkr-mrni
The following quotation furnished by
the Omaha Trust company:
Appro.
Bid. Asked. Tield.
Bank Deposits
Increased Since
Report in April
t .
'Loans and Discounts De
creased Materially in Pur
suance of Enforced Pro
gram of Conservatism
Omaha banks show a decided de-
create in their loans and discounis
lince the report of April 2$, 19-0.
Drpositi have been increased mater
ially at -nearly all the banks. Whild'
there has been a decrease in the de;
posits of some of the banks, this
decrease is not alarminp.
The latest statment signifies that
the Omaha bankers are continuing
their program of convervatisrn,
adopted until business has reached
"normalcy." Loans show a decrease'"
of $2,624,357 over April 28, while
deposits show an increase of $2,277,
908. The statement follows:
April 2S June 20.
llS.Si0.S14 !7.IM.7:t
12.: PS4
11.412.414
7, 515,47
lt.4H.!7
t.ttO.UI
l.SS.Sl
l.tM.tSl
I.7H !1
2 4k PIS
l.lSi.f 47
1.PS1.H4
Hi H
1.175.000
Am. A. C 7a 1141.
were i Am. t. a t. ta 121.
U. . . - AI.KWttUa IS. J ...... .
heat prices were Armour 7. list
i Belgian Govt. ts. 1141
: r-t,;,., i r " isi i
wini m v.i . - , j mtuiu, uviji ""Bf'h. Steel 7a 1121...
2 to 3 cents off. Oats were a half J British 5, 1121...'..
to a cent lower. Rye declined a! IZl im?:::"
cent and barley was nominaL irad-iC. a i . n 4, nil
and barley one.
about 4 cents lower, following de-
45
54
25
21
23
70
45
25
i
21
12
1!
4t
7t
45
54
25
17
23
7
45
17
11
ie
2!
13
12
41
22
13
12
II
102
37
IS
51
13
t
1!
S
44
i:
Gen. Elec Co 12? 121
Ot. No. Ore 2
Gen. Motor Co.. 11
Goodrich Co. 19
Inter. Harvester.. 71
K A B. Car 14
Inter. KickeL 14
Inter. Paper Co.. 55
Island Oil 1
AJax Rubber Co.. 21
Ke!ly-Sp. Tire ..24
Keystone T. A R.. 11
Inter. Merc Mar.. 1
Mexican Petroleum 18
Middle States Oil.. 11
Pure Oil 24
Wlllvs-Overland .. 7
Pacific Oil 15
Pan-Am. P. T.. 41
Pleree-Arrow 1S
Ttovsl Dutch ..... 56
I 7J. 'a Rubber 51
Am. Sugar Rfg... 71
London Moey.
London. July S. Bar ? Iver J4d par
ounce.
Discount Rates Short bills, I per cent;
three month bills, 1 per cent.
27
lt
21
7!
54
13
53
2
2(1
15
11
1
te
24
1
14
41
II
55
4
ti
1
43
31
74
13
7
22
17
11
24
42
It
22
24
62
IS
IM
37
21
51
24
t
25
14
44
12
128
27
ie
2!
71
54
14
52
2
2t
11
11
1
1
11
26
1
14
42
11
5
11
71
11
15
II
75
51
I
12
17
11
14
42
23
1
II
74
17
26
12
16
23
12
II
21
12
48
J!
23
13
51
17
Id
$7
21
52
14
1
11
11
12
126
27
11
2
(I
53
14
12
1
21
17
16
!'
11
26
7
25
44
11
61
50
72
2t
15
10 j
75
62
I
21
17
11
Sinclair O. A R 29
Sears-Roebuck .... 15
Strom. Carb II
Stucehaker Corp.. 75
Tob. Products 13
Trans-Con Oil.... I
Texas Co 13
U. 8. Pood. Pr.... 17
White Motor 21
wnn Ca Tne . 24
West. E. A M 41 42 42 43
Am. Woolen Co... 71 61 41 18
Total sales. 107,501 shsres.
Money Close, 1 per cent; Friday"
close, I per cent
Marks Friday's close. .0114c
Sterling Close, 11.72; Friday's close,
13.71.
TarpentlBc and Rosin.
Savannah, Gs.. July I. Turpentine j
Market firm. 41 c; sales. 404 barrels: re- I
ceipts, 4(1 barrels; shipment. 212 barrels;
stock. 1.711 barrela i
Rosin Msrket steady; sales 1.1F1 casks: j
receipts. 1.011 casks; shipments, 4.032 :
casks; stork, 10,447 rarks. j
Quote: B. T. 12.1531.45: E. P. 1141 :
es.50; G, 13 4603.50; H. 11.50; I. 13 50 -$1.55;
K. 13.5eit0; M. 14.10: N, 14.15
434.75; WG. 15.406 5.60; WW, 16.16.
Kansas (Thy Hay.
Kansas City. July i. Hay Unchanged. '
ing in wheat and corn was slow. The
demand for both was limited at the
going figures. Indications were
that some wheat would be carried
over.
WHEAT.
No. 1 hard: t cars, IL1I (old); I car.
11.15 (old); 1 car, 1L11 (heavy); It cars.
11.11 (new.)
Xo. 1 hard: 1 car, 1120 (dark); I cars,
1L16; 1 car. 11.14; 1 car. 1L11; I cars.
11.11 (new): I cars. 11.11 (smutty.)
No. I hard: 1 car. till: 1 cars. 11.11:
S cars. 11.10; 1 car, 11.01 (smutty); 1
car. ll.N (smutty.)
Ko. t hard: 2-1 car, 11.10: 1 cars. 11.01;
1 car. IL05 (smutty); car, 11.01
(smutty.)
No. I hard: 1 car. 11.01 (heavy); 1 car,
11.06; 1-1 car. 11.61 (smutty.)
Sample spring: 1 car, tic (411 lbs.); 1
car, 15c (45.7 iba.); 1 car, 16c; 1 car. 4c
(45 lba.)
No. 2 mixed: 1 ear, fl.lt (musty,
durum, special billing); 1 car 11.05
(durum.)
CORN.
No. 1 white: S cars, 12c
No. I white: 1 cars, 62c
No. 1 yeilow: 2 car. 4?c
No. 2 yellow: 1 cars, 47c
Sample yellow: 1 ears, lie (heating.)
St. 1 mixed: 1 car. 45c
No. I mixed: T cars, 45c
Sample mixed: 1 car, tic (heating.)
OATS.
No. 1 white: 1 car. 31 a
No. 2 white: I car, lie
No. 1 white: 1 cars, 16 c
No. 4 white: 1 car. 10 c
Sample white: 1 ear, 21 c
No. 2 mixed: 1 car. 10c
RYH.
No. 2: 1 car, 11 01; 1-5 car. 11.00.
No. 1: car, tic; 2-5 car, ltc
BARLET.
No. 4: 1 ear, 40c
Sample: 1 car, tic (burnt.)
OMAHA RECEIPTS AND SHIPMENTS.
Week Tear
Today.
..141
II
7
15
11
14
16
t
17
17
II
IS
67
14
8
11
11
II
II
7
IM
1.10
7.71
I 40
7.65
I 10
7 65
1 20
17 7.51)
6 T.Ik
Chicago Potatoes.
Chicago, July 5. Potatoes Steady; re
ceipts. 65 csrs: Virginia cobblers, tt O(0
4 16 bbl.; North Carolina, stave barrels,
1140$1.50; fiat !-'. IISStjl.40; as
old stock.
Bar Silver.
I New York, j... . ir Silver- Do
mestic. 19e; lore.gn, fcc; Mexican col
lars, 45c
Receipts
Wheat .....
Corn .,
Oat ,
Ry ,
Barley .....
Shipment.
Wheat
Cora
Oat ,
Ry ,
Barley
51
25
- 4
1
32
71
4
Ago.
37
22
17
2
2
14
21
12
Are.
213
25
106
7
I
201
117
62
I
2
CHICAGO CAR LOT RECEIPTS.
Week
Ago.
25
Tear
Ago.
It
142
15
Today.
Wheat II
Cora 235
Oata 111 120
KANSAS CITY RECEIPTS.
Wheat 655 1SI 152
Cora 131 17 101
Oat 21 II 11
ST. LOUI3 F.ECEIPTS.
Wheat S47 21 274
Corn ...146 11 160
Oat 14 12 IS!
NORTHWESS RECEIPTS OF" -WHEAT.
Minn. 561 151 552
Duluth fl 12 II
Winnipeg Ill 3?2 111
PRIMARY RECEIPTS AND SHIPMENTS.
Receipts-
Wheat
Cora
Oat
Shipments
Wheat Corn
Oats
Today.
.. 1,015. 0f0
..1.701.000
..1,316,001
..1. If 6 000
..2,314.001
.. 244.101
Tr. Ago.
1.126.001
1.421.0 ot
147,001
160 tot
421.00ft
A77,0!
PECK'S BAD BOY
1821 Model
Title by
Irviu S. Cebb
AO Next
Week
STRAND
ts
17
17
II
C C. C. A St. L 6a. 1121 66
Chtls Is. 1141 15
Denmark Is, 1146 ! 100
French Govt Is. 1141... Ii 16
a F Goodrich Ts, 125.. 11 10
Gulf Oil Corp. 7s. 1131.. 16 15
Jap. Govt. 1st 4--s, 1115. 14 65
Jap. Govt. 4s. 1111 11 70
Norway ts. 1140 10 100
N. W Bell TeL 7s, 141. ! 11
N. Y. Central 7s. 1131. ..100 100
Packard Is, 1131 14 5
Penn. R. R. Co. 7s. IISI.101 101
& W. Bell TeL 7s. 1125. 16 16
Swift A Co. 7a, l2s 14 16
Swie Govt. Is, 114 104 105
Tidewster Oil !, 1130. 13 IS
TJ. S Rubber 7, 1151.. 18 11
Vacuum Oil 7s. 1136 100 100
West. Elec 7a 1S11 ! 100
7.20
7 II
10H
t6
7.00
Liberty Bond Price.
New York, July I. Liberty bonds st
noon: !s. 5.36; first 4s. 67.20; second
4. 11.60 bW: first 4. 67.71: second
4-s. 17.01; third 4 s. 11.16; fourth 4s,
17.30; Victory 3s, 11.31; Victory 4s.
11.11..
Loan
Omaha National .
C 8. National....
First National ..
Ftockvards Nat'l.
Merchants Nat'l..
Livestock Nst'l...
Stste bank
Nebraska Nst'l...
Packers Nat'l
Corn Exchanss. .
Security Stte ...
American State .
8. O. Savings
Cnion State
Bank of Benson . .
Farmers and Mer.
Bank of Florence.
C.mmerr,sl Stat.
Peters National...
Deposits
Omsha National.
V. S. National...
First National
Stockyards Nst'l...
Merchants Nat'l...
Livestock Nst'l....
Ststs Bk. of Omaha
Nebraska Nat'l....
Packers Nst'l ....
Corn National ....
Security Stat ....
American Stats ...
B. O. Savings
Union State
Bank of Benson...
F. A M
Bank of Florence..
Com. State
Peter National....
650.066
76. 025
111.611
121.171
714.644
tS5,64.6tt
April 26.
fll.0U.014
II 674 142
15.14,07
1.714.041
10.751 611
1.246.271
4.256.624
1.062,161
I 652.147
1.111. tit
L272.6SI
IM.41I
766.2ft
i,2!4.0!
124.411
104.014
411.211
142.204
110.057
12,356.00
11.112.501 7.J24.5T1
10.J4,t:i-,
4.720.7JI
1 674. 217
2.446,11 1.M1.47I
2.164.S67
l.us.sai
' 1.IM.21T
764. ISt
1 n.f :i
154, Cl
IJ7.C02
1S4.671
111 51
101.7M i ,m
ii,o;:.i4i
June It.
2S. 410.02
17.761 0n0
11.464.1(1'
4.106.654 .
10.4tO.56t
t.lll.lll
4.112.714
1.711.60
1.601.261
1.144.171
1.171.472 .
165 H
711.062
1.141 061
f4 :,
761,54
401.16
i45.tn
112.4411
tii.4ii.oit tii.ei5.iitt
Chicago PradBoe.
Chicago, July I Buyer Hleher:
creamery extraa, 15c: standsrds, Jc;
firsts. 506 34c; seconds, 26:c
Eggs Hieher; receipts, 15-161 cases;
first. 2lt27c: standarda 27C27e;
ordinary firsts. 2426c; at mark case
Included. 25024c ,
Poultry Alive; higher; fowls, 12e;
broilers, 25 30c
City 1
Kansas City. July 6. Butter Cn-"
chsr.ged; creamery, 17c . ,
Eggs Fifrts. 2tc: seconda 11c.
Poultry: Hens, ltc; broilers. 24021
roosters, Ic ,
linseed Oil.
Duluth. July I. Linseed Oa track and
arrive, 11.12.
thaPRAINY
nst
DAY
ARE you
adopting
the old sail
or's method
-"Any port
in a storm"?
A
Helpful
Personal Service
rhich secured to farmer a miraimum
price for wheat. Thi et Is esnraatea t
have entailed a subsicy oi i.vu,vv j
The Canadian wheat visible is now 7.- j
111 001 bushels, against I 744,001 bushels ,
j r8 aas hnsheia for
the week. OaU stocks Increased J44,0f0 j
bushels for the week and are now 1. ,61,000 i
bushels against 1,516.000 bushels a year
ago. -
Minneapolis Oraia.
Minneapolis. Minn July Flour Un
changed. Bran 114 SO 16 01.
Wheat Receipts, HI ears compared
with 651 cars a year ago; cash N. 1
uothern. 11.251-16; July. 1116; Septem
ber. 11.11.
Com No. 1 yellow. 44945c
Oats No. I whit. 10 e 31c
Barley 43 45c
Rve Nc 2, 11.091.01.
Fiax Nov. L 11.11 4? 113.
Visible Orsia Supply.
New York. July . Th vlsibl supply
of Americaa grain ah owe th following
change:
Wheat decreased l.ttl.tO bushels.
Cora decreased Ill.tOt bushels.
Oats Increased 114.001 bushels.
Ry decreased 1! 4.001 busbeia.
Barley decreased Ill.OOt bushel-
THE far-sighted business man and his employee in
business knows that a strong and helpful banking
connection is an important factor in success.
We offer a helpful and a personal service to firms
and individuals in or out of business.
City Grab.
Kansas City, July A- Wheat July,
11.04; September, ILI7; .December,
Cora Jury, 47ie; September, llf.
December, tlc
n. 9wm.pm tvw ' j
St. Joseph. Juiy . Cattie Receipt, i
1.50 head: for yearling. 25 higher;!
ether, alow, steady: steers. 11.15 V l.ls,
cow and h elf era, 11.514? l-2; calve, 15.11
in
Eheep and Lambs Receipts. I.tot head; I
Bta-ket steady: lambs. Il.ttfit.76; ewea 1 1
a,ssj..
United States
1 J ational Bank
N. W. Corner
16th and Famam Sts. -
The Bank of Personal Attention.
Or are you laying away your spare
savings NOW to prepare for future
needs?
Too many people realize too late
the advantage of thrift.
Tomorrow never comes start your
saving account today!
Conservative
Savings (SLoan association
yd-fc si & i n o y
PALL W. KLHNS. Pirteat
E. A. BAIRD, Vic President
J A LYONS Secretary
J. H. M'MILLAN, Tn
The Updike
Grain Company
Operatic Large, up-to-dat Terminal Elsvators ia ta OaaKa
and Milwaukee markeU, ar ia a position to taaclj. roar hip
mcata ia the best posiible manaer L cicaninf, tranaf erriti,
toriafi etc
MEMEERS
Cbicafo Board of Trade
Milwaukee Chamber ef Com
merce Minneapolis Cnamber ef
Commerce
OMAHA. NEB.
LINCOLN, NEB.
HASTINGS, NEB.
CHICAGO. ILL.
SIOUX CITY, IA.
OFFICES
St. Louis Merchants Ex
change Kansas City Board ef Trade
Siena City Board ef Trade
Omaha Grata Exchaagw
AT
HOLD RE GE, NEB.
GENEVA, NEB.
DES MOINES, IA.
MILWAUKEE. WIS.
HAMBURG, IA.
KANSAS CITY, Ma
AB ef tbes offices, except Kaae Ory, as
wita aca etlaar sy
It will paw yon to ret in tooch with eae of owr efficee
whea waatiar to BUY or SELL ley triad of grata.
We Solicit Yoar
CONSIGNMENTS OF ALL KINDS OF GRAIN
to Omaha, Chicafa, Milwaukee,
Kanaa City aad Sioox City
Eery Car Recerrea Carefal Penomal Atteatma.
The Updike Grain Company
The KafiaU
fl
I
J