Image provided by: University of Nebraska-Lincoln Libraries, Lincoln, NE
About Omaha daily bee. (Omaha [Neb.]) 187?-1922 | View Entire Issue (July 7, 1921)
. JJ. S. Is Creditor Of Allies by Sum Of $10,000,0005000 Aggregate Indebtedness Owed Country by Other Nations, Including Individuals, Is $15,000,000,000.. By HOLLAND. Tcrhaps the first statement offi cially . made of the change in the world relation of the United States from a debtor to a creditor nation is a brief reference to thi change made by Secretary of the Treasury Mellon in the statement which he submitted to the senate committee on finance last week. He speaks of this momentous change not in any manner of gratification or exultation. ' It is the cold business-like state ment of an able financial authority, i The secretary, however, limits his statement by saying that this coun try is a creditor nation by a little over $10,000,000,000. He had in mind the aggregate indebtedness of the al lies, which is now represented by demand notes held in the Treasury department. The United States, however, is a creditor nation by a much larger amount than $10,000,000,000. These billions which he mentioned are an as-set which the Treasury depart ment possesses, but the aggregate indebtedness which is owed to the United States by other nations, by individuals, by municipalities and by corporations, as well as the ac cumulation of a vast favorable tiade balance, undoubtedly makes tlie United states a creditor nation by not far from $15,000,000,000, per haps considerably more. Stupendous Asset., But with these debts which Europe and other parts of the world owe to American banks and to American industries the sec retary of the treasury has nothing now to do. In his statement to the senate com . ml t tee he referred only to the allied THE GUMPS THE BEE: OMAHA, THURSDAY, JULY 7, 1921. THE FISH TERMOR Drawn for The Bee by Sidney Smith. uopyrtgnt, luxi, Chlcnso Tr:'.v.:no Omr.ny The AtNi TU Fisu MtouHfc Rt na. a corns or vcars ago rvsvAitv toea? vafc one ABOUND WCeE YHfcT ALMOST CLtMtt WIS LAWE OUT WOVltKX AHVTVU46 BUT vs va cs 0 HftO A LITTLE HMSNESS rAM. TOR ZO OR 30 HOOVCS ON IT- V& YO BMT VX ANt HARNESS HIM V AVAP rO SNlM UNDER VJATER - HE AWW CAHt out WITH & LOAD Of fvSV So WtAVY Vt WAVE Yt THROVE rV R-OPt TO H1NV TO PV)U. f HE VJA5 A TFEfcofc To "THe ISH Ht'P to OUT AND R0UNt VEM VV - OO ?IHT t0WN VWR THE WATES. AM KUM -AROUNC VEM- LIKE A SMETHeRD foe POES SWEEP- RON tM (HT UP OH THE fcAHK- WEN HrJC JUMP M THE LAVE ANt fc.T Xt BARK The Olt LAVCE VVOVLP RVP VP HcE A HORRVCANS HAP STRUCK VT ALL THE FVSV, WAt FLAT NOt FR.OK BUMPWi INTO EACH OTHER. KE WAS oEAT FOR t?EPUCNb FAT FVN- ViW'D TAKE A 30 POUND MUSKIE ANp YHEN HE. CaCH THROUOH C HAS IN 6 HIM XOV Could oe him Bmx- Ht'O BE r,0THN6 BUT "SCALES AND BONE- I HM TO kILL UfA OR. TV ERE WOULDN'T HrWE BEEH A rM LEFT N THE LAKE- G Omaha Produce - Market, Financial and Industrial News of the Day If Live Stock . ever i the J- of t " Seen debts. This stupendous single asset, greater in amount than any other government nas ever possessed, may be so 'used as to serve best Interest 31 the government and the people. That Is the reason why Secretary Mellon asks for full power to deal with this vast asset. An Interesting admission was made by Secretary Mellon when he was replying to some of the questions which worn put by members of the senate committee. He was referring to the aggregate Interest which has accumulated upon these for eign debts.- Nearly 1500,000,000 of this accumulated interest has been paid, but a considerable part of' It was paid oy ui ni money which the. United states naa advanced to the debtor nations. In other worda we lent some Of our debtor na tlona money which they used to aid In paying their interest obligations. Nntlong In Conference. When Mr. Mellon sent to 'the president the statement that he believed the sec retary nf the treasury should be grantea by congress full power to deal with this momentous matter ana wnen ine presi dent cordially approved the secretary s plan, it was reported here that Mr. Mel lon had not prepared his plan until he had conferences with some of the other nations. In fact it was Known tnai al ready the government had been in pre liminary negotiation with Great Britain, the subject of the negotiation being the full payment of principal and Interest-of the debt which Great Britain owes to the government. But It was not known until Secretary Mellon testified that two other nations have been In consultation with the TV'ted States with respect to the pay r.. '.t of the debt. If he had not named i ..'! nations then presumably the Infer-t-ice would have been that France was one and Italy was tne otner. i?ui it not France ana itaiy, dui i jl smaller nations, Finland and Poland. , If Demand Were Made. 'It" Would be possible. Secretary Mellon Intimated, although somewhat , ya-guely, for the United States to demand full and Instant pnyment because the obligations of our allies are represented by demand notes. But in the first place immediate payment could not be made px.all, or In fact at;y of the nations. Great Britain Is perhaps the better .-able to meet its obligations sooner than any other ration, although France and Italy are preparing to do that. But the payment of $10,000. 000.000 or any considerable part of It Im mediately would set the nations back. It would Involve some of them In the necessity of repudiation. Seoretary Mel lon frankly admits this. Ful or partial payment of the debt would Impair the ability of Great Britain and Europe to buy American commodities. Secretary Mellon admits that he has not yet worked out any plan ior me funding of this debt. Receipts were Monday, July 4 (Holiday) Official Tuesday 4,841 Estimate Wednesday. 4,225 Three days this wk.. 8. OSS Same days last wk.. 15,063 Same days S wk. ago. 19,403 Sams days 3 wk. ago. 20,360 Same days year ago. 12,027 Omaha, July (. Cattle. Hogs. Sheep. 11,(74 13,204 10,180 16.750 21,850 33,954 37,640 42,573 32,654 22,863 34,411 31,091 25,367 42,661 Financial i "i tO 53 1 68 1 11 .. T 1 37 3 195 68 Cattle Hogs Sheep. 730 29 99 866 3,103 1,667 292 1,400 263 1,031 3,127 746 2,444 1,574 1,989 64 43 627 261 527 Receipts and disposition of live stock at the Union Stock Yards, Osaha, Neb., for 24 hours, ending at 3 p. raw July 6, 1921. RECEIPTS CARS. Cattle Hogs Sh'D. v., m. & st. f. tiy Wabash R. R 3 Mo. Pac. Ry t Union Paclflo R. R 40 C. & N. W. Ry.. east 1 C. & N. W. Ry., west.... 28 C, St. P., M. A O. Ry.... 23 C, B. & Q. Ry.. east.... 14 C, B. A Q. Ry., west.... 46 C, R. I. c P., east 10 C R. I. 4 P.. west Illinois Central Ry. 2 C, G. W. Ry. 1 ' Total receipts 173 DISPOSITION HEAD. Armour & Co Cudahy Pack. Co. . Dold Packing Co... Morris Pack. Co. . . Swift & Co J. W. Murphy ... . Swarts & Co Lincoln Pack. Co.. Wilson Pack. Co. .. Hoffman Bros Mayerowich & Vail. Midwest Pack. Co.. Omaha Pack. Co. . . John Roth & Sons.. So. Om. Pack. Co. William Baker .... John Harvty T. J. Inghram .... Joel Lundgren .... F. P. Lewis J. B. Root & Co... Rosenstock Bros. . Other buyers Ogden Pack. Co. . . . 9 11 .10 19 6 64 525 6 2 18 73 4 376 152 3.740 Total 4,081 13,182 14,172 Cattle The Wednesday run of cattle was estimated at 4,200 head, which was about 1,600 smaller than the same day last week. SuDDlles were also moderate elsewhere and the steer market had lust a trifle tone today, prices being generally steady, with spots showing a little strength. A top of $8.10 was paid on prime heavy and choice llaht steers. Butcher cattle were no more than urenriv although the supply was extremely light. Demand continues very Indifferent for siocicers ana feeders and killers outbid feeder buyers today on some good westerns. Quotations on cattle: Choice to prime Deeves, i.noitfJS.zo; good to choice beeves, $7.357.76; fair to good beeves, $6.85 7.35; common to fair beeves, $6.60)6.85; choice to prime yearlings, $8.008.36: good to choice yearlings, $7.607.90; fair to good yearlings, $6.767.40; common to fair yearlings. $6.006.76; choice to prime heifers, $6.7607.60; good to choice neirers, 5.uus6.7b; choice to prime cows, $5.606.00; good to choice cows $4.75 5.40; fair to good cows $4.0004.75; com mon to fair cows. $1.603.76; good to choice feeders, $6.008.76; fair to good feeders, I5.25i6.00; common to. fair feeders, $4.50'5.'25; good to choice stockers,' $5.766 60; fair to good stack ers, $6.00 6.76; common to fair stock ers, $4.005.00; stock heifers, $3.6096.00; U.wO'i.it; stocK calves, stock cows. He has slmoly $4.0006.50; veal calves, $4.508.50: bulls. asked congress to give to him full power stags, eic, sj.iooio.du. to do this. He does not want the allied debt to be paid too rapidly. As a banker and financier as well as a high officer In the administration he believes that gradual payment, some of it perhaps ex tended over a long term of years, is. the better part. Publio Opinion Stimulated, The rapidity with which In the closing days of the fiscal year the administration has acted for the purpose of securing economies, relieving the railroads and put ting the budget system Into full operation. Is regarded here as a first step taken by the administration, to be followed by many others In the direction of relieving the business situation and establishing great economies which will justify thor ough revision of the tax laws. , Every body In the financial district who read the report of the meeting between the new director of the budget, Mr.- Dawes, with members of the cabinet and a large number of bureau chiefs spoke in gratifi cation of the energy, sincerity and what has been spoken of as the "live wire" attitude of Mr. Dawes. He Is about to Justify the adoption of the budget sys tem and also justify a statement which m was made some years ago by a very able man mac !i ine government was operated as any one of the large industrial or ganisations Is there would be a saving of hundreds of millions each year, and a wonaeriut increase in erticiency. Kansas City Live Stock. Kansas City, July . 1C 8. Bureau of Maraets.) cattle Receipts. 7,000 head; beef steers steady to 25c lower; heavy and Mnmon grades weaitest; top heavies esriy, 8.uo; Dest medium weights, $8.25 bid; yearlings steady to higher; best, $8.70; other choice lots, J8.35yS.60; other classes mostly steady; bulk canners, $1.60 Gl-76; top fat cows, $6.25; medium and good, mostly $4.00S.25; cutters, mostly around $3.00; bulk bulls, $3.50 4. 60: stockers steady to higher; good light kinds. $5.25(8)6.80; best vealers strong; top, $8.25: other calves steady to weak. Hogs Receipts, 6,000 head; market opened slow, mostly 25o higher than yes terday's average and closed active, 26036c m&ner, oesi ugnm ana mediums to ship pers and packers, $9.30f 9.35:- bulk ol ales, $9.009.25; top. $9.85; bulk packing uws, 9o.uu3p5.sa; cnoice siock pigs, 39.00. oneep ana LRniDs Receipts, 2.500 bead steap steady; most fat native ewes, $3.50 native lames, ZSOMOo higher; beat. Sloox City live Stock. sioux wty. la., July . Cattle Re eeipts, 1,800 head; market lower; fed teers and yearlings, $5.0098.60; fat cows ana neuers, j.ouji'.3S: canners. 11.00 1.60; veals, $5.0099.00; calves. $3.6096.00; feeding cows and heifers,. $3.004.00; LI'V BDI 1 .UUSZO.D. Hogs Receipts, 9,000 head; market 10 5o higher: closed lower: lirht. 98 9ne .v, mizea, a.ougs.s3; neavy. 37.760 1.36; bulk of sales. $8.009n ' ' " 8heep and Lambs Receipts, 600 head; ' 8t Joseph live Stock. St. Joseph, July (.Cattle Receipts, jt.200 head; market for steers slow and teady; butchers, steady to strong; steers, i..isi corns ana neiiers, S2.o0fvs.25 elves, $6.0009.00. Hogs Receipts, ll.OOO head; market IS pzto mgner; top, $.$5; bulk. $8,900 t.30. Sheen and Iamha Recelnts 4 one h..- market for good lambs 60e higher, other " aieaay; lamos, ii.OQfyiq,oe; ewes, 3.0003.75. No. Av. 48 984 13 871 21 1207 14 1296 19 1118 23 1169 17. 1287 50 1036 BEEF STEERS. Pr. No. $6 60 7 00 T 25 7 40 7 65 7 70 7 90 8 10 16.... Av. 888 12. 35.. 39.. 22.. 21.. 21.. .1041 ,...1265 ,...1411 ,...1010 ,...1207 ...1083 691 848 754 693 STEERS AND HEIFERS. , 646 ( 60 19 1082 7 25 35 798 7 65 14 858 YEARLINGS. 6 60 18 (42 7 00 32 852 COWS. 4 85 7. 6 10 . S. HEIFERS. 6 60 BULLS. 5 76 1. 4 25 Pr. $( 85 7 15 7 35 7 60 7 60 7 76 8 00 7 00 7 65 7 75 8 85 8 10 By ALEXANDER DANA NOYES. Chicago Tribune-Omaha Bee Leased Wire. New York, July 6. A dep-ree of buoyancy such as the stock market has not known in many a day marked the trading today. Both rails and industrials joined in the ad vances, which brought about gains ot Irom i to y points in many IS' sues. On the whole it was a movement impelled by covering on the part of speculators tor the decline, but in termingled with purchases for the retirement of short contracts was a percentage of buying for lone ac count which was larger than in many weeks, it was simply another case of the shorts finding stocks scarce at the low levels. For some time it has been evident that the floating supply of stock was being steadily depleted by purchases on the part 01 those who considered that the run of speculation for the decline had passed the point of .,ea son and was taking too little ac count of underlying values. This de pletion of floating supply combined with a heavily oversold position pro vided the foundation for just such an upturn as was witnessed. Ball Issues Advance. The advance in the railroad Issues, which ranged from t to 6 points with Northern Pacific, Great Northern pre ferred, Canadian Pacific, Louisville, Nash ville and others of like standing in the forefront, Indicated, which has been little suspected, that the short account in the raiiroaa .group was of wide proportions. The first half of the year saw few de velopments that were favorable to the carriers. The weight of unfavorable com ment apparently induced many to specu late iur ine aecnne. Recently the railroad situation has been undergoing a change and possibly it was tne reflection of this which today's stock market showed. For one thing, a waxe saving has been effected, and probably it will not cause any difficulties with railroad labor. Ud to the present time earnlne fnr 1991 have been nothing of which to boast. The fact cannot be lost sight of, how ever, mat me rorepart or the year la always a low earning neriod with the railroads. The highest percentage of net income accrues In the months of August, September and October. It was tno In fluence of such factors which undoubted ly played a part in that Investment buy. lng of the rails which has made its ap pearance recently. As regards the action of the Industrials In today's market, it was clear that the failure of the market to break on Tues day when there was a sham iirnn in Mexican petroleum was disconcerting to those on the short side. The conviction was undoubtedly carried to many minds that selling pressure had tor the time being, at any rate, been overdone enr realization of an overcrowded short posi tion nearly always leads to covering. The action of the United States Steel corporation in announcing another price reduction was in line with expectation New York Quotations Range of prices of the leading stocks, furnished by Logan & Bryan, Peters Trust building: RAILS, Tues. High. Low. Close. Close. A T. A 8. F 81H 80 81H 80H B KJ 37 .19U XS Canadian Pacific. .11814 108 11254 108 N. Y. Central 70 68 70 69 hes.&Ohio 641, 64V4 64 63 Erie R. R 14 13fc 13 13 Gt. Northern pfd.. 71 65 69 65 7 7H 7 714 91 $0 $1 90 2K 214 214 I 27 26Vs 261, 25 21 20 21 20 19 17 18 17 73 68 71 68 (8 65 66 64 45 84 36 34 (8 68 66 88 31 83 31 76 74 76 74 0 19- 20 19 28 26 27 26 Chicago Grain Chl. Gt. Western. Illinois Central .. M., K. & T...... K. C. Southern... Missouri Pacific. New Haven Northern Pacific. C. & N. W Pennsylvania . . , . Reading C, R. I. ft p . Southern Pacific Southern Ry C, M. & St. P... union Paclflo 11 a n 117 Wabash g g Am. u. ac r 119 117 By CHARLES D. MICHAELS Chicago Tribune-Omaha Bee Leased Wire, Chicago, July 6. The news was bearish and new low prices for the season were made for December wheat, corn and oats. The markets were oversold on the break and the action of the market in the late trad. ing suggested that the bearish con ditions had been discounted for the time being. Lowest prices were made early, with a good bulge and the close showed net gains of Vi(S)2Vi on wheat, the latter on December. Corn was z higher; oats up c, and lJ4lc higher for rye tor the day. Rains over the northwest Canada Nebraska and a good part of Iowa and scattered points in Kansas were shown by the weather reports. They 12R44 151 191V 197 I 1 1 .1 . . .. Aiiis-chaimers ... 32 if 32 si2 snowea more man were given m tne OUI SZ .... ivftuiai IIU1I13 auu die CApCllCU IU 6? 76 70 save the small trrain croos irom " further deterioration tor the present 64 They will also help the corn in Iowa and Nebraska, as the northern 23 half of that state has suckers. Illi- Loco 82 7 60 27 59 Am, Baldwin Loco. Beth. Stl. Corn... Colo. Fuel-Iron . Crucible Stl. Co.. Am. Stl. Fdrles... Lackawanna Stl. . 40 Midvale Stl 24 Pressed Stl Car... 70 Rep. Iron-Stl 61 Ry. Stl. Spring.... 83 . Sloss-Shef. Stl. ... 84 U. 8. Stl 76 rnppRRs Anaconda Cod. 38 . 37 u Am. Smlt.-Rf. ... .18 57 Butte & Sup. Mln. 12 12 46 27 64 25 38 23 70 46 83 34 73 23 48 33 18 21 12 37 44 84 9 58 89 44 26 61 33 9 66 38 64 12 12 12 New York Cnrb Stocks. The following Quotations are furnUheA Dy ijogan a Bryan: Boston Montana Boston Wyoming . . Cresson Gold Cosden OH .., Consolidated Copper Federal OH Glenrock Oil ..1104 ..1000 .1071 . 918 803 Slmms Petroleum Tonopah Divide 6 00 U. 8. Steamship i 86 u. a. Ketan Candy 6 White Oil t . 4 0 t . 49 . 60 52 . 115-1( . 6 6 . 1H 1 . 6 0 6 . 1V1S 1 . 66 sp 58 .8 7 8 .127 129 .10 20 . 2j S . 6 .84 85 . 6-16 .1410 ...1600 1680 4 00 New York Cotton. New York,-July 6 The cotton market upenea Dareiy sieauy at a decline of 8 Ho'gsMReceipts of hogs today amounted hu.PLn. H'.in ;"p,"sei? J,?erL.lverP00i to 189-loads. or around 10.200 head. There scattered realizing after the Vharp advance was a good demand and trade active at of Tuesdav prices generally 1625o higher. Bulk of October deliveries sold off to It 44c sales were $9.05. $3.25Q9.00, with a top of HOGS. No. Av. Sh. Pr. No. Av. Sh. Pr. 164. .893 280 $7 95 57. .330 .. $8 20 1 49. .343 70 8 80 44. .346 .. 8 35 57. .821 .. 8 40 39. .332 70 8 45 19. .281 .. 8 50 66. .315 80 8 65 62. .271 40 g 60 58. .288 .. 8 66 60. .235 40 8 70 63. .271 .. 8 76 60. .156 .. ' 8 80 80. .208 350 t 86 56. .209 .. 8 90 76. .198 .. f 00 86. .188 .40 06 Sheep Receipts of sheep were a trifle under yesterday, 63 loads, or about 15,700 ibui. uw ine can, or aDout 17 points net lower, but there was trade buying on a scaledown, which caused rallies of a few points later and iiva th marirot - steady undertone. Nineteen July notices were reported, but there was not much rh,n in tk. ence between July and early new-crop positions and the trade buying was accom- uaiucu uy reDoris or a a vnt v h.Hc- uiaiiu ior couon goons, including a mod uusiness wun unina. Private CAhlAR nttrlhutArl Ih. ..,!.. lns.i Llv,erPol to hedge selling, but n- Chile CoDDer Co. Chino Copper .... 24 Calumet & Aria... 4HU Insp. Cons. Cop.... 33 itennecott Cop. . . 19 Miami Copper Co. 2H4 Nev. Cons.' Cop.... 11 Ray Cons. Cop..,.. 12 uian uoDner 4:u INDUSTRIALS. Am. Beet Sugar ..29 29 A., G. & W. I. 3. S. 28 22 Am. Int.' Corp 36 33 Am. Sum. Tob. ..64 62 K Am. motion uii... in 18 Am. uei. & Tel.... 103 Am. A. C. P Continental Can American Can 27 Chandler Motor... 64 wentrai leatner Cuba Cane Sugar Cal. Pkg. Corp.. Cal. Pet. Corp.., Corn Prod. Rfg. Nat. E. & S Fisk Rubber ... Gen. Electric 128 128 uc. iMorinern ore. 27 General Motors ... 11 Goodrich Co Int. Harvester 82 H. & B. Car V. S. Ind. Alcohol. 68 Int. Nickel 14 Int Paper 56 Island Oil 8 Ajax Rubber , 21 Kelly-Springfield . 38 neysione 'i.. at K. 11 Int. M. M Maxwell Motor Co. 8 Mexican Pet 101 Middle States Oil. 11 Pure Oil Co 27 Willys-Overland .. 7 Paclflo Oil 36 Pan-Am. Pet-Tr. . 60 Pleroe-Arrow 20 Royal Dutch 66 V. S. Rubber Co... 63 Am. Sugar Rfg..,. 72 Sinclair OlI-Rfg. . 21 eears-KoeDucK CO. 67 Stroma berg Carb. 84 Studebaker Corp. TO D. TO. UO. . 60 27 69 26 40 23 70 60 83 34 75 38 87 12 70 45 nois, Indiana and Ohio were orar tically dry and will need rain at once to save the corn crop unless temperatures-are lowered, as a cood oer- 37 oontorr. t, ornn ,V . U S6K c ...t- jV i j OLac WUC1C llic UdllldgC Uelll UC UUI1C 73 i! i.& ll "J in a few days. 24 48 83 19 21 11 12 49 23 33 Bearish Sentiment. a breaking of the drouth In the 29 28 36 54 18 102 103 37 37 44 27 64 34 9 66 39 68 11 12 49 22 34 62 18 103 87 26 61 34 38 64 44 12 128 128 80 66 8 34 18 32 Trans-Cont. Oil Texas Co U. S. Food Pr. White Motor .. Wilson Co.. Inc. Western Union ... 86 West. Kl.-Mfg. ... 44 Amer. Woolen Co. 73 Total sales. 912,200. With spring wheat country and harvesting of winter wneac in tne central west and southwest, a good part of which was hedged by sales of futures here, there was a decided bearlshness and lower prices wun iree selling early and a decline to $1.15 for July. $1.14 for Sentomher and $1.15 for December. These prices were nearly the lowest of the season for Sep tember. A great deal of liauidation was on, but sufficient support developed on tne decline to absorb the offerings and start a general rally. Export business developed at ths last. with 2,600,000 bushels sold at the sea board, mostly to Germany, and 25.000 bushels sold here. Arrival here were 78 cars. High temperatures over the corn belt. creating fears of damage to the crop, were ine oasis ror good buying by local trad ers here and in the southwest. They took -the offerings of local operators mil July liquidators and prices advanced from 68 c to 6974c for July, with the finish at 68 c to 69 c. July sold at lo over September early, which brought out sell ing by the largest holders and It closed at a sugnt discount under September, with December at 69 94 c to 69 e. Rennrta frnm iinnois ana Indiana said corn was "roll ing" which induced some buvlnor. Ph business presented nothing attractive to ouyers ana tne carlots went mainly to elevator Interests who sold futures as a hedge. Deliveries were 20.000 hnhl and shipping sales 30.000 bushels with 240,000 bushels at the seaboard. Arrivals were ZS7 cars. Oats were bought bv elevator Intereata who took the July and sold September at 2c early and 2o difference later. Longs liquidated July on a liberal scale, making it easy to buy on the break earlv Crnn reports were of the same unfavorable tone and attracted more attention. Drouth prevails in France and the Unite vin. 21 19 dom. but export demand is not expected iciso, an muae countries nave little money wun which to buy foodstuffs. Cash prices were lo lower at the Inside, with shipping sales 60,000 bushels and receipts were 107 cars. Exporters bought soo oon hn.hoi. ... at the seaboard and ok futures here. 27 27 27 10 11 10 29 78 82 79 54 62 63 13 14 14 52 65 63 2 3 8 20 21 20 87 38 36 11 11 11 10 3 3 .... 87 101 91 10 11 11 26 27 26 6 7 6 34 35 34 39 60 '42 18 19 18 54 56 66 61 53 51 69 72 70 19 21 19 63 67 (5 33 33 31 74 79 75 63 65 63 7 8 8 32 33 32 17 17 17 32 32 31 '. ... 34 86 86 43 44 42 69 72 69 Omaha Grain Omaha, July 6. fin!,. 1 vmjr v. tdis or o-ratn uira - - ported in todav. of Whirls llrait made up by far the larger part, with t-ars. vQrn receipts were nine cars, oats seven and barley one. Old PTKa. were generally un changed, while the new were gen jL it "-c,u lower- -orn was gen erally a cent un. Oat erally unchanged tn t. l,:i.. r " uanci cent k. nye ana barley were nomi. ildl. No. l hard WHEAT 1 car, $l.l; cari H is; 1 car. 11 1.1 it (.Sutty,!1"??",! V ss (smutty): l car. ii.ne car' 11J No, 3 hard; 1 ,. t, ' . care, $1.13; l car, $1.13 1 car II li. i car. $1.08 (smutty). ' ,l,U; 1 $0?; 1 car ,10S hvyS 1 car, No. 6 hard: 1 car. 11 n 1 carmP$l 0l3ar1: 1 ar' U1'4; (I'V WMV,1: no. i spr ng: 4-5 car, $1.20 (northern.) No. 6 SDrlna: 1 rtr S1 m .u Sample sprlnr: 1 car. asn rrk ...ii. em.) No. 4 mixed: 1 car, $1.05 (smutty), CORN. o. i yellow: z cars. 4c; 1 r i: lauipprra wis.; no. 2 yellow: 1 car, 48c (shlppera wts.) No. 1 mixed: 2-3 car, 46c. No. 2 mixed: S cars, 46c; 2-5 car, 45 o. No. 3 mixed: 1 car, 45c. No. 4 mixed: 1 car, 43c. No. 6 mied: 2 cars, 40c (musty); 2-5 car, 40c. Sample mixed: 1 car, 35c (heating.) 3-5 car, 36c. OATS. No. 2 white: 1 car, 31c. No. 8 white: i cars, 30c; 2 cars, 30c No. 4 white: 1 car, 30c. No. 3 mied: 1 car, 30c. BARLEY. No.. 4: 1 car, 41c. Sample: 3-5 car, 38c; 3-5 car, 37c. OMAHA RECEIPTS AND SHIPMENTS. Week Year Receipts . Today Wheat 45 Corn 9 Oats 7 Rye Barley 1 Shipments Wheat 10 Corn 36 Oats 25 Rye .. Barley 3 1 CHICAGO CAR LOT RECEIPTS. Week Tear Today. Ago. Wheat 175 50 Corn 876 240 Oats 379 100 KANSAS CITY RECEIPTS. Wheat IBS 100 Corn 17 39 Oats 11 9 ST. LOUIS RECEIPTS. Wheat 112 69 Corn 35 27 Oats 19 12 NORTHWESTERN . RECEIPTS WHEAT, Minneapolis 67 285 160 Duluth 62 149 82 Ago 27 24 16 22 74 21 Ago 40 37 15 63 Ago. 3 41 1 123 30 69 12 New York Produce. New York, July 6. Butter Firm; creamery, higher than extras, 2838c; creamery extras, 3737c; creamery. zirsts, st(foc. Eggs Firm; fresh gathered etras, firsts, 3536o; firsts, 83Ji34c. Cheese Firm; state whole milk flats fresh specials, 1717c; twins, 16 0 17 c. Live Poultry Essy; broilers. 28 38c; fowls, 80c; roosters, 16c; turkeys, 25c. Dressed Poultry Steady to firm; west ern chickens, boxes, 20ffi4(c; old roosters, London Money. London, July (. Bar Sliver S(d per ounce. Money 4 per cent. Discount Rates Short bills. E car cent: three months' bills, 6 per cent. rruit and vegetable quotations furnished by Gillnsky Fruit coshpany: Bananas: Per puuml, 10O. Grape frnlt: 46. $6.00; (4, 7.00; (4, 70, 80, $7.60. Oranges, Sunklst: Izti, $6 00; 150, $6.28: 176, 300, 216, $6.60; 260, $4.26; 288, $4.00: S24. $6.76. ' Lemons: , 300 Golden Bowls, $H.6fl; 160 Golden Bowls, $11.00; 300 Silver Cords. $10.60; 360 Stiver Cords. $10.60. Apples: 11$, 136, $3.26; 138. 160. 163, $3.25; 175, 200, 13.75; Arksnsss Blacks. $4.00. ; California Fruits: Box peaehes, $1.60; crate large red plums, $1 25; red plums, $2 00; Santa Rosa. $3.60; lug large black cherries, $1.76, Cantalopes: Standards, ' $4.25; ponies, $8.76; fists, $1.75. Watermelons: orated, per pound, 2e. Berries: Loganberries, pints, $4.60; blackberries, pint, $3.26; half boxea grape fruit, lemons and oranges, 16c, extra; red raspberries, $4.60. Potatoes: Old stock, per ewt, $1.60; new Triumphs, per cwt, $3.26; Virginia, $3.00; Hamper Sweets, $2.60. Cabbage: California, crates, 4c; Call, fornla, small lots, 6c. Onions: crate, yellow, $1.76; crate Crystal Wax. $2.25. Peanuts: Ten pound can salted, $1,60; palls. 30 pounds, per lb., 12c; cartons, 60 pounds, per lb., 11 n; barrels, 175 pounds, per pound, 11c; No. 1 raw, 09c; No. 1 roast, 11 c; jumbo raw, 14c; jumbo roast. 17c. Vegetables: Basket high-grade cucumbers t doxen, market; hpr. wax benna, market ; npr. green oeans, mnrKot; tomatoes (4 basket Texas), $1.76; turnips, per dosen, market; beets, per dozen, market; car rots, per dozen, market; egg plant, mar ket; head lettuce, market. Repack baskets; -per crats (250 bas kets), $3.60. New dates: Dromedary (36 packages), $0.75. Checkers and Cracker Jack: 100 tn rase, prise, $7.00; 100 to case no prise $11.75: 60 to rase, prise, $3.60; 60 to case, no prize, $3.40. All prices subject to change without notice. Wholesale prices of beef cuts aro as fol lows: No. 1 ribs, 18c; No. 3 ribs, 16c; No 3 ribs, 12 c. No. 1 loins, 27 e; No. 2 loins, 26c; No. 3 loins, 19o. No. 1 rounds, 20c; No. I rounds, 19c; No, 3 rounds, 16c, No. 1 chucks, 9c; No. 1 chucks, 6 c; No. 1 chucks, 6c. No 1 pistes, 6o; No. t plates, 4c; No. 1 plates, J ',4c. Chicago Potatoes, Chicago, July 6. Potatoes, stesdy; re ceipts, 49 cars; Virginia, $3.9004.16 bar rel; Carolina, $3.0003.40 barrel; early Ohlos, $2.00 cwt. Bar Silver. New York, July 6. Bar Silver Do mestic, 99 o: foreign. 69 Uo: Mexican dollars, 46c llllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllll Buy From Yourself Your Gas Plant Patronize Your Own Enterprise and Help Reduce the Price of Gas was around the top. Pit Notes, An over-extension of thA .iinri m an grains, aue to the confidence pre- Total 329 434 242 Winnipeg 115 92 113 PRIMARY RECEIPTS AND SHIPMENTS. Receipts Today. Year, Ago. 768,000 1,064,000 732,000 438,00) 434,000 347,000 104,000 Money close, 5 per cent; Tuesday vailing among traders that values were close, 6 per cent. to go lower, was the best explanation of oturinig v.iuse, ej.im; luesaay close, "tie aavance ana higher close for all $3.72. Foreign Exchange Bates. grains after a weak and t r maineis during tne jnornlng. ii up uamage news appears to have lost Following are today's rates of exchange l bullish; effect because of good rains. as compared with the par valuation. Fur- ,lntone 10 lx inches over a large part nlshed by the Peters National bank: , tne country west of the Mississippi Par f ,7 1 " on,y tning ion ior those who Chicago Produce. Chicago, July t. Butter Higher; ,ft?5Tt?t.ra' standards. I6c; VilJlS.11 cnds. J7Sc .15"7,M1'h": receipts, 28,414 rases; -I,8I:,nrds, 23 c; ordinary i4?37l ; l mark- e"e Included, head Demand VII fairlv manA and the market showed a slight advance over yea- I Nw York, July 6. Flou terday. Spring lambs are quotable from '?' .Patents, s.25(gS.76; soft $9.00 and possibly $10.75. Shorn ewes ',!',",, .."uB,-JSi hard are around $3.0004.60. The feeder de mand Just about absorbs the supply and selling around $5.00 6.00 and feeder year ling wetners arouna $4.oocf4.so, Quotations on sheep: Spring lambs. westerns. $9.50210.75; spring lambs, na tives, $9.009.60; spring lambs, culls, na- No. 2 white, 79c and No 2 mixed 78 r VIS V.-fl2LI?0rn.l"n H9. Jt. A d. ,.hmpXmcdnt78,iC' ' .. rv.vvwa.vv, i.eue, . y.'o yoi, iirm; i o. 1 wnite. 46KC V..H nv. tl AAA, Eft. - V, 4AAtfA I T - -.1 C I . , . . . . . 73 , J T-,.VV -i.HV , BUUIH v n C , flf .9u; cull ewes. $1.0002.60. '. SPRING LAMBS. No. Av. Pr. No. Av. Pr. 974 Ida.. 71 $10 25 . 701 Ore.. 67 $9 75 488 Ore. .74 10 00 898 Ida. .77 10 40 Tit iaa..65 10 10 FAT WETHERS. 1151 Ida. .96 4 90 FEEDER WETHERS. 278 Ida.. 92 3 15 FAT YEARLINGS AND T.AMTtn 181 Nat.. 79 7 60 CULL LAMBS. 1? Ida. .63 6 25 231 Ida. .(8 . 5 75 1 oo iaa..e t lo FEEDER I. A MRS 269 Ida.. 60 & 60 109 Ore.. 41 191 Ore.. 69 S 00 CULL, EWES. 121 Ore. .17 . 1 25 177 Ore.. 10 New Xork General. -Easy winter iraigniB, SI.ZDS.UU. . .V.neatrrBPt. easy; No. $ red (new) i ": 2 hard (new), $1.38; No. i Manitoba $174 and No. 2 mixed durum. $1.28 c. I t trir m. ta.v . Corn Spot steady; No. 2 yellow and rlrmer; mlddlewest, $11.3011.40, .i uviqb uncnangea. New Vwlt In... New York. Jnlv tk. i.i for raw sugar was firm ud nn.h... for centrifugal. There were buyers .1 .: ?,"a no'aer asked more, with the result that no business was re ported, although there were sales of 4,500 bags of San Domimrnes tn 2 11-Kc, c. I. f and i inn ha.. t ,, centrifugals to a local rafm.r . iiL' . . - -. Liberty Bond Prices, New York. Julv . T.thrt k,.. - noon: 3s. 86.70: first l. 7 in- - j .V.'j , B'-6: second 4 lis. .8i thlT fourth s, 87.36 Victory 3s. 98.38; Victory 4s. 98.38. Liberty bonds pin.. ,. . Chicago. July 6. Cattle Receipts 8.000 second 4s. 87.20; third 4s. 91 04-rourtt 4 21 1 SO fourth Victory head fedy to strong; top yearling steers, $8.26; 4s, 98.36. uum ueci sieers, ss.Y6Sis.26; bulk fat cows ana neirers. I4.60.50: nn,.r. I v. t- i. . . -, -. . .. . . . 1 -' " mruiis. iriwVj"'-?."5 na v ."l'i N ork, July (. Comer Stead v eu uiguei . uuik ooioernaa. as i in i nuntmiviin . - : butcher bulls. tl.tofiZn- fcniir thi.j I "roy, iz calve.. i7Rse: .ITZ- """." "tmrje. " -. , ieu-I un easier; spot and Bearhv. sa r. ers dull. nogs neceiDtS lS.OOS head- opened mostly 25c higher than yesterday's iirm; otners lost lfn. ,rly. "ce: top. $9.75; bulk, 3J.00&9.70: nlra full is k..m. airable, $9,004 9.75. ' oneep ana Lambs Receipts 1,(00 head: market mostiv hirh.r ,k. ..'i. " Tuesday; very good Idaho Umbs. $10.75: iTi p to packers; $10.65 to shippers; yearling. IT.tfoMI? tl!.! ; mnd futures. 29c. iron Nominally unchanged. Lead Quiet; spot, 4.40c. Zinc Firmer; East St. Louis spot. 4.26 4.35c. Antimony Spot, 4.75e. New York TlrU IT-.. I.- - New York. Julv I inn!.. t- ,T-.-j market nomlnaU " -k-.v. prunes ana Apricots Better export de- Peaches Oulef Raisins Steady. Austria .30 Belgium 195 Canada 1.00 Caecho-Slovakia Denmark 27 England ....i 4.86 France 193 Germany .238 Greece , 195 Italy 195 Jugo-Slavla Norway 1 27 Sweden 27 Switzerland . . .. .195 .0019 .0790 .8875 .0137 .1685 3.72 .0796 .0134 .0675 ,0485 .0069 .1425 .2190 .1685 Chicago Stocks. The following quotations are furnished by Logan & Bryan: Armour & Co. pfd 86 Armour Leather Co.. common 12W Armour Leather Co. pfd 87 Commonwealth Edison Co 108 Cudahy Packing Co., common 60 Continental Motors ( Hartman Corporation, common...... 75 Libby, McNeil & Llbby..., 7 Montgomery. Ward Co 18 National Leather , 6 Reo Motor Car Co 17 Swift & Co 90 Swift International 24 Union Carbide & Carbon Co 42 Linseed Oil. Duluth, July 8. Linseed on track and to arrive, $1.82. Valuation. Today. ',vet ln. nljh prices later Is to wait mo u.uq is oversoia ana taKe nold for a turn which comes every few days. With a light outside buying power, the hedging pressure la exneeted in huv. - depressing effect unless there is a marked Increase in the export buying. The break una orougnt m tne latter with 2,600,000 bushels of wheat sold, mostly to Germany, In addition to 300,000 bUBhels of rye. Part of this is understood to have been on credit and the latter system of doing busi ness appears to be on the increase, as buyers there need financing. A number of the largest local operators are buying corn In expectation of crop damage from the temperatures of 100 and over, as the. heat is likely to burn the tassels and damage the crop. That the movement of new wheat Is expected to keep up in liberal volume is the belief of the cash handlers. This tends Bonds and Notes The following Quotations furnished bv the Omaha Trust company: Approx. Bid. Asked. Yield 93 94 8.05 97 (6 92 95 99 97 95 91 86 99 Am. A. C. 7s. 1941 Am, T. & T 6s. 1922... Am. T. & T. 6s. 1924... Anaconda 7s, 1929 Armour 7s, 1930 Belgian Govt. 8s, 1941... Belgian Govt. 7s, 1945..- 99 100 Botn. steel 7s. 1923 I7U 7! xsiiLisu otos, xvec V7 British 6s, 1939 88 British 6fc.s. 1937 usu. C, B. & Q. Jt. 6s. 1986 87 C. C C. A St. 6 s Chile 8s, 1941 9I Denmark 8s, 1945.... 10 French Govt. 6s. 1946.... 98 a. r. uoonrlch 7a 1921.. tu sou iaa Gulf Oil) 7s. 1933 95 95 7.63 tu. ISOVK. ISt SlfeS. in? Ii i K BE Jap. Govt 4s. 1931 69 70 Norway 8s, 1940 101 102 N. W. Ball Tel. 7s. 1911.. 99 100 N. Y. Central 7s. lan inn ihau Packard 6s. 1931 95 6? Penn. R. R. Js. 1930 inj in2 W. Bell Tel. 7. 1921s o.V? Swift A Co. 7s. lass ecu hot? Swiss Govt. 8s. 1940 1111 inn? Tidewater Oil (s. 1930. 94 95 11. H RnhK.v f 1z - , n - . . I Vacuum Oil 7a, 1936 mi Inn: I Vt est. Elec. 7s. 1931 100 100 97 88 85 87 87 96 100 98 8.25 7.79 8.40 7.70 8.05 7.60 6.20 7.80 7.30 7.03 7.90 8.15 8.86 7.96 8.12 9.65 8.70 7.80 7.00 6.90 8.63 6.60 8.13 7.93 7.45 (.96 7.65 6. Si! (.99 to make buyers go slow, except on sharp Local elevator conditions were a little better than the previous day, but are still far from normal. Some houses were working today and cars were being un- """. oui me activity is limited. Ele- vaior men were inclined to look for uiaiKeu improvement in tne next two or three days. It was understood that the miyiujes were to noia a meeting today. New York Coffee. New York, July 6. After opening at net decline of 6 points on July, but gen erally unchanged to 1 point higher, cof fee futures sagged off a few points under scattering liquidation. September sold down to 6.30c with active months gen erally showing net losses of 4 to 7 points, but offerings were light and the tone was steadier later ln ths afternoon, owing to an advance ln Santos and private cables m ine government had named a minimum buying price of 14 650 rels for Santos and 12,600 rels for Rio coffees for the new season. The close was net unchanged to 6 points higher. Closing bids: . ,J"'y. c; September, (.31c; October. I. L December. 6.73c; January, 6.83; March, 7.04c; May, 7.21c. Spot coffee quiet; Rio 7s, (c; aSntos 4S, so to 90. ' Turpentine and Rosin. savannah, Ga., July 6. Turpentine l f".' "H".' J9 &0c; ale. 44 barrels; receipts, 319 barrels; shipments, 267 bar rels; stock, 8.770 barrels. r.?nt!:,Ma;ket lr,n: sale"' 671 casks; lTh2: 'h,pment'- 82.! KQi1UAj'iR' F.' .40S.45: G. $3.60; Pk.'3-.!5.3.86: 1. $3.4?3.60; K. $3.S0i $M6:'VvvrXi6 ' N ,4-604'": w- New York Dry Goods. New York. .Tiiiw a j . . , ' - . in .t.v. uu woven cheeks In cotton goods were active. Print cloths were firmer in th. .m. ..T.i. snd easier on some of the narrow cloths. Sheetings wera atin mia . . i-nina. Yarns were aulet. Knit d, tnr future delivery were dull, hut anrin .nd "en-iinaise ior immecllate de livery was In demand Worsted were quiet and dress goods steady. Wheat 977.000 Corn 1,655,000 Oats 960,000 Shipments Wheat 653,000 Corn 778.000 Oats 294.000 EXPORT CLEARANCES. Wheat 1,077,000 Corn 374,000 CHICAGO CLOSING PRICES. By Updike Grain Co. DO. 2627. July 6. Art. I Open. High. Low. Close. Yea. Wht July 1.16 1.19 1.16 1.17 1.17 1-16H 1.17 1.17 Sep. 1.15 1.18 1.14 1.16 1.16 114 1.17 1.16 Dec. 1.16 1.19 1.16 1.18 1.17 1-18 1.16 Rye July 1.12 1.15 1.18 1.14 l.u 1.13 Sep. 1.01 1.03 1.01 1.03 1.02 Corn July .59 .59 .68 .59 .68 69 59 .69 I Sep. .58 .60 .67 .59 .58 67 69 .58 Dec. .68 .60 .67 .69 .58 Qat .68 July .34 .35 .34 .84 .84 Sep. .36 .37 .36 .87 .86 .'69s 3u Dec. .38 .39 .88 .89 .38 Pork July 17.80 17.90 17.80 17.90 17.76 Sep. 18.00 18.00 18.00 18.00 17 90 Lard July 10.4B 10.75 10.45 10.75 10 52 Sep. 10.90 10.97 10.82 10.97 10.85 Ribs July 10.27 Sep. 10.60 10.60 10.85 10.60 10.50 Minneapolis Grain. . Minneapolis. Julv . Flour TTni,.n.d to 35o lower; family patents, $8.858.60 bbl. Bran $13.2515.00. WheatReceipts. 267 cars, compared with 160 cars a year ago. Cash No. 1 northern, $1.27 1.37 ; July, $l.n; September. $1.21. Corn No. 3 yellow, 454e. Oats No. 8 white, 3131c Barley 43 58c. Rye No. 2, $1.081.10. Flax No. 1, tl.80691.82. St. Louis Grain. St. Louis, July . Wheat July, tl 1 bid; September,' $1.1491. 17 asked. Corn July, 55c; September. 65 bid. Oats July, 33e bid; September, 36o Muny Gas Special No. 169 Eclipse Gas Range ' 50 $5.00 Cash $5.00 Per Month With Gas Bill Our Eclipse Ranges are built for hot weather the food is cooked, not you. A Few Rebuilt Gas Ranges at Bargain Prices Metropolitan Utilities District GAS DEPARTMENT DOuglas 0605 1SOQ H.,j C4.. miiiiiiiiiiiiiiiiniiiiimiiiiiiiiiiniiuiuim, iiniiiiiniiiiiinin. Kansas City Grain. Kansas City, July 6 Wheat .Tulv $107; September. 1.08: Decern h.r $1.11 Corn Julv.' 4n.. December, 62 c. September, 61 c; Omaha Bajr Market. Prairie Hay Receinta f.(- ., most stagnant: nrirm in.. ' prices 1aReCell;,t "ghti mrkt W7: f,tJTfTNJ? receipts; nominal demand. to $8.00. eiv.uttj NO. I. $7.00 liut. ' a -. r; ira'r'ey no. 1. tio.oo to no. s, S1.00 to (9.00: Nn a ta en 1. $8.00 to til. 00 to 17.50 .owU,ld PraH'ie Hav No, 19.00: No. 2. 16.50 to $7.50. $16.00 to $17.00; standard. $12.00 to 114 on. No. 3. $8.00 to tll.00; No. J t:.. t.'...!' to 18 0. " 0 10 ,9 00i "" v - Knsas City Produce. r:sr2?c:ConJdU..5r2c-E"'- 10 : Butter Unrhanrcd. PftllHru U.,.-. 1 . Let Us Handle Your Grain Shipments to the Omaha, Chicago, Milwaukee, Kan as Ciy. Sioux City or any other market. We Specialize In th careful bandling of all ord.r. for r.in and provisions for future delirery. We Operate Office, at Oman., N.b., Lincoln, N.fe,, H..t. "., Neb., Chie.to, III., SioumCitr, I.., Holdrege, Neb., Cenera, Neb., De. Moines I... Mllw.uk-, Wi.., Hamburg, I.., K.... City. We Have Up.to.t. T.rmln.I El.r.tor. in tbo Omak. nd Milwaukee M.rket.witb tke latest f.cfli tie for kandling your shipments. Updike Grain Co. "The Reliable Consignment House." OMAHA, NEBRASKA lhorw'r;r,ilc:C.,OWer- "C1 ic 1 1 I .1