THE BEE: OMAHA, FRIDAY, JULY 8, 1921.
THE GUMPS
a- ww itiu fa-vcii. iVf
"fast t MONW - AWP XU.
Get S NWIES-
AFTER THE BANQUET
Drawn for The Bee by Sidney Smith.
Copyright, 1921. Chicago Tribune Company
V
VIELL THAT'S
orvt Ivxn fcovaNS m Live ficog Ane
?0K RNj? SO FAST OV)'VE GOT 'EM AU
TRtD OUT TAKING IT OFF NOVK. WOOK -THE
FVS3T tA Sou VJEfcfc OUT HE
TtftV US CO tO PVTSH EACH OTWES. OUT
OF THE VJA.T To TkTE VT- NOW
TWtV VJONT EVEN VtftKA AFTER. K'X-
i".
i my;
WHET NOV) COME tOWr4 HERE tVS. OUST I
cocking the fish up m a tetcATe,sseN vr-ofne.
AHt 0ptMH6 VP ALU THE BOXES - VoU'VE
GIVEN 'EM ALL- JNDtGESTlOM TWEV tON'T WANT
ANY FOOD NOW lOUV wcn,K- dmt TOUR.
HOOW VTM A PEP'S tM UOZE.N6E- OR. TRy
A PEPPERMINT 1NAFER.
am
5rtAtT
e.ttvttk.i1
Market, Financial and Industrial News of the Day
Live Stock
Omaha, July 7.
Cattle, Hogs. Sheep.
Receipts wara
Monday, July 4
(Holiday)
Official Tueaday 4,841 11.(74 13.104
Official Wednesday. 4,111 11.104 16.611
Eatlmata Thuraday.. 4,000 11.600 11.(00
4 daya thla week. .. .12,964 38,178 47.21
Same daya laat wk. 18.887 (0,(39 41.7(
Bama day I wk ago. 26,456 ((,796 40,011
Bama day I wk ago. 26 034 46,729 18,1(3
Gama day year ago.. 12.027 22,362 42.6(1
Receipt, and dtapoaltlon of live atock
at the Union Stock Tarda, Omaha, Neb.,
for 14 hours, ending at 2 p. in., July
7. Itll:
RECEIPTS CARS. ..
Wabash R. R.
Union PaolKe R, R. .....
C. N. W. By., aaat ....
CAN. W., By., west ...
C. St P., M. A O, Ry. ...
C, B. A Q. By., aaat ...
C, B. A Q. Ry., weat ...
C. R. I. A P., mat ....
C. R. I. A P., weat
Illlnola Central Ry
C..G. W. Ry.
DISPOSITION
Armour A Co.
Cudaby Pack. Co. ....
Dold Packing Co. ....
Morrle Pack. Co. ....
Swift A Co.
J. W. Murphy
Lincoln Pack. Co. ....
Wilson Pack. Co.
1 t ..
41 18 41
1 10 ..
29 81 ..
It II ..
1 T I
18 2( I
4 4 ..
11 1 ..
1 I ..
1
-HEAD.
. 631 1046 3461
. 665 2(44 141S
. 103 1206 190
. 808 2279 2811
2164 4678
4860 ....
807
88
120
Hlgglns Pack. Co. ......
Hoffman Bros.
Kayerowlcb A VatI .....
Midwest Pack. Co
P. O'Dea
Omaha Pack. Co
John Roth A Sona ...
S. Omaha Paok. Co. ...
B. O. Christie A Son ...
John Harvey
T. J. Inghrara
F. O. Kellogg
F. P. Lewi a
J. B. Root A Co. .....
Other buyer ...........
Ogaon ....
Sinclair 11
22
18
18
25
12
11
I
15
(24
12
1
4
74
177
61
.
ft
-
' 8V
191
11(8
Total
.4(04 1(39 13720
Chicago Grain
Cattle Just a moderate Thuraday run
of cattle ahowed up today, about 4,000
head being reoelved and with very light
auppltea at other market, the local trade
on both beef and butcher cattle ahowed
quite a bit 04 activity. . Prlcea ranged
an tna way rrom sieaay to a no nigner.
good light ateera and yearling,, and tba
beat oowa and heifer, ahowlng the big and
of the advance. Feedera were nominally
ateady. Compared with laat week'a cloaa
ateera are aelllng etrong to la many caaea
little higher, while prlcea on she atock
ind feedera are practically unchanged.
Quotations on cattle: Choice to prima
beeves, S7.8(38.2(; good to choice beeves.
87.S(eT.7t; fair to good beevea, 36.760
,.S6; oommon to fair beevea, 16.2(06.76;
choice to prima yearlinge, 18.00(98.35;
good to choice yearlings, $7.(007.90; fair
to good yearling,, $6.7607.40; common to
fair yearlings, 2(7606.60; choice to prima
heifers, $6.7697.26; good to choice belters,
n.OO06.7(; choice to prima cowa 35.(00
185; good to choice cows, $4.7605.40;
fair to good cowa, 34.0004.76; common to
fair cows, 11.(003.75; good to choice
feeders, $6.0006.75; fair to good feedera,
$5.2506.00; common to fair feedera, $4.(0
06.35; good to choice atockera, $(.7(0
4.50; fair to good atockera. $5 0006.75;
iommon to fair atockera, $4.0006.00;
itock heifers, $3.(006.00; . stock cows,
$3.(O03.7(; stock calves, $4.0007.00; veal
calvea, $4.00 0 8.60; bulla, ataga, etc., $2.(0
05.60.
BEEF STEERS.
No. ' Av. Pr. No. Ar. Pr.
11 1335 1 25 22 1012 7 (0
20 1276 7 60 10 1129 7 65
19 960 7 75 32 1220 S 00
STEERS AND HEIFERS,
691
$26
741
881
792
..1069
..1305
..1091
t $76 7 15 15.
21 631 T 40 25....
45...... (75 8 00
YEARLINGS.
33...... 999 7 60 ....
1$ 831 7 75 24....
17...... 911 8 10 63....
6. .....1060 S 25
COWS.
T 742 I 80 11....
9 1030 5 00 7....
23 1010 5 36 10....
HEIFERS.
3 75 6 661
5 00 11 993
STOCKERS AND FEEDERS.
526 5 00
BOLLS.
I 60 1. 1550
4 00 1 1370
CALVES.
1 340 4 00 3...... 286
t lur ' 7 25 8...... 270
10 143 8 0ft 14 175
2 160 1 75
Hogs Receipts of hogs continue fairly
liberal, today'a run being estimated at
206 loads or 13,600 head. The ahipper
market waa atrong to 10c higher than
yesterday with top at $9.20, being 16c
higher. The packer market was generally
ateady, the alow sale of oommon packers
giving this end a weak appearance. Bulk
of aalea was $8.3009.00.
Hooa.
Pr. No. Av Sh.
11.
7.
11
430
714
.1780
.1630
T 15
7 65
7 65
8 00
8 15
4 75
5 25
I 00
4 16
00
S 75
4 60
4 50
7 60
5 26
No. Av. Sh.
23..37 110
60.. 309 180
62. .266 40
74. .268 ...
53. .261 ...
65. .228 ...
68. .204 ...
(6. .207 ...
Sheep Receipts
t 00
( 25
8 (0
8 65
8 76
8 85
00
t 10
57. .283
64.. 263
64. .240
40.. 271
73. .225
65. .198
6. .196
61. .178
of sheep
70
40
40
Pr.
t 28
1 40
S (0
1 TO
I 80
8 90
t 05
t It
were estl
mated at 48 loads or about 12.600 head.
It waa quotably ateady to atrong and not
much change was noted in prices. A
mall drtve-ln of clipped California lambs
sold at $8.25. , ,
Quotations on sheep: Spring lamoe,
westerns. $9.50010.66; spring lambs, na
tives. $9.0009.50; spring lambs, culls na
tivea. $4.(006.00; ahorn yearlinge, $6,260
7.60; feeder lamba. $5.OO0.OO; feeder
yearlings. $4-0004.60; shorn ewes, $3,000
4.50; eull ewes, 31.00 03.50.
Chicago lira Stock.
Chicago. July 7. Cattle RecelpU M00
head; market, beef steera and native ahe
stock mostly 15 to 26o higher; fat beer
ateera. mostly $7.0008.25; bulla, fat cowa
and heifers. $4.3006.50; calves. 35060c
higher; bulk bolognas. $4.50 0 6.00; butcher
bulla, $5.2606.25; atockera and feeders,
alow. "
Hogs Receipts 28,000 head: market op
ened atrong to 10c higher; better grades,
active; closed, firm; others, 10 to 16c
lower than yesterday's average; hold
over, liberal; mostly packing grades: top,
$9.$0: bulk, $8.9009.70; pigs, steady to
16c lower; bulk desirable, $$.$5 0 9.28.
Sheep and Lambs Receipts 10,000 head:
market, atrong to 25o higher; good choice
lambs, $10.76011.25; top native. $10.60;
bulk. $10.25012.00; eulla, mostly $6,600
6.00: light western wethers, $5.76; few
light ewes. $5.00; balk. $3.0004.50.
Slonx City Lira Stock.
Klaus City, la., July 7. Cattl
. 7 Art tisd mi
higher: fed ateera and yearlinge, $5,500
8.50- fat wwe and heifers, $3.5007.00;
canners. $1.0003.35; veala. $5.00)8.36:
r!vjT. 3 6006.00; feeding cows and
Hogs Reeelpta. 1,00 head; market
ahlppiraTlO to lea Whefi PfJS, "JJ's.
to weak: light $9.0009.15; mixed. $8.50
08.ToT 1 bWvVT 708.35; lk of aalee.
'Vhetp-Reeelpts. 100 head; market
strong. ". '
New York Dried Fralts
New Tork. July 7. Evaporated Apples
Nominal.
Prunes and Apricots Fair trade
- Peachaa Quiet.
Raisins Steady-
Re
market eteady, 16c
By CHARLES D. MICHAELS.
Chicago Tribune-Omaha Bee Leased Wire,
Chicago, July 7. Wheat closed at
the top, showing gains of 3c to
4$c for the day. In addition to
heavy short covering, there, was a
broad investment demand. Corn
finished Vic to IJic higher and oats
were He to J4c higher. Rye ad
vanced 3c. Fork finished 10 to Uc
higher, lard, 5c to 7j4c up and ribs
15i hieher.
Cash wheat premiums were lc
lower for hard winter and unchanged
for red. Cash corn basis was 4c
to lc higher and oats 'Ac higher.
Local cash sales were 80,000 bushels
of wheat, including 75.000 bushels of
exporters late yesterday; 175,000
bushels of corn, including 170,000
bushels to exporters; 138,000 bushels
of oats, including 50.000 bushels c.
i. f Buffalo and 8,000 bushels of
barley. Seaboard reported 1,000,000
bushels of wheat worked tor export
Wheat exhibited much strength.
The market started out quiet but the
lull was deceiving because a tew
minutes later prices rose rapidly
under aggressive buying and indif
ferent selling pressure. 1 he buying
was mainly oy houses with seaboard
connections, and in fact, the con
spicuous buying was almost all for
eastern account The pit trade fol
lowed the orders and also became
identified with the long side.
Little Hedging Pressure.
There waa a little hedging pressure of
tba market aaalnst Durchaaes of cash
wheat to arrive. Offerings ol new wneai
from the country were fairly liberal on
the budge, the bulk of the aalea being
from Illinois points. The bullish factors
were the estimate of a 10,000,000 bushels
deterioration In Missouri prospects irom
a month ago, according to Allan Logan,
the bullish report of LeCount from North
Dakota and talk of further good export
aalea. Minneapolis advices later In the
day told ol a drop in temperatures ana
good rains In that city.
Corn also showed much strength. The
feature was the lack of selling pressure.
The buying wss scattered at the atart,
but short covering was noted later. The
Intense heat Is causing apprehension over
the crop outlook. Forecast la for con
tinued fair and warm weather for the
entire belt. The domestic cash demand
waa light.
Exporters were reported bidding for
corn, but one ahipper said he gave a
broker a cable refusal over night offer
of 200,000 bushels of corn at lttc over
July c 1. f. Buffalo after the close yes
terday and waa Informed this morning
that the corn had not been worked.
Receipts Drop Off.
Bids generally for export corn are lower
than the ahipper can get for grain by
delivering It on July contracts. Receipts
droDned off sharnly and country offered
no corn to speak of to arrive. Local re
ceipts were estimated at 165 cars.
Better prices were made In oats.
Strengthening factors were the advance In
other grains, improvement In the elevator
strike situation and crop advices of an
unfavorable nature. Trade was featured
by the activity displayed by a prominent
commission house, this concern buying
September early and later purchasing July
and aelllng the September against It at
a 2o difference. Receipts dropped off,
the estimate being for only 80 cars.
Rye was firm. Cash no 1 sold at $1.17
and No. 4 at $1.12. Seaboard reported
sales of 100,000 bushels for export. Re
ceipts, one car.
Pit Notes.
Since June 27, samples of wheat received
by the Oglllvle Flour mills ahow there
has been a rapid development of black
rust infection in Manitoba and southeast
ern Saskatchewan. This morning they
examined samples from Mellta and other
points in southeastern Saskatchewan,
which show virulent Infection. In 1916
black rust was first noted in the Canadian
northwest on July 12, whils this year since
June 27 it has apread rapidly. This was
one of the principal buying Incentives in
wheat. '
The elevator situation is improving a
little and some houses have managed to
work fairly well. As the new employes
learn the ropes, rapid Improvement In
conditions la looked for the next few
days.
Germany has been a big buyer of wheat
the last few daya, and Is understood to
be contemplating further purchases, pro
viding credit arrangements are made.
Most of the German purchases are said
to be on the basis of 90 days' time, with
payment guaranteed by the German gov
ernment. Milling demand for wheat is
picking np and mills are replenishing
their stocks. There was a noticeable lack
of hedging pressure early this morning,
only one of the leading cash houses sell
ing any wheat to amount to anything.
Country offerings were only fair, accord
ing to most receivers.
The English drouth has prevailed since
mid-January In some sections, according
to a London cable to Clement-Curtis and
prayers are being offered in many churches
for relief.
The Argentine corn market holds firm,
with a fair foreign demand and moderate
offerings, holders not being Inclined to
sell owing to the unfavorable outlook for
pasturage. Wheat was weak, however,
at Buenoa Alrea on more liberal country
aelllng.
Argentine shipments for the week were
estimated at 2,590,000 bushela wheat and
(.406.000 bushels corn.
Cash wheat at Minneapolis was (o
higher for fanoy and medium grains, with
occasional salea 10c higher. Winnipeg
wheat waa firmer In that market At
Kansas City cash wheat prices were again
lower, St. Louis cash wheat waa 2c high
er. The cash corn market was relatively
tte better than the previous day and
oats also were hi He better, contract
gradea selling at July price. There was
a good demand for both corn and oats.
Flour millers report much larger sales
of flour the last two days. It Is ex
pected there will be a good demand for
some time, as dealers replenish tsocks
which were extremely light.
Chicago Stocks.
The following quotations are furnished
by Logan A Bryan: .
Armour A Co., pfd. 86H0 86 14
Armour Leather Cow common 12 H0 12,
Armour Leather Co., pfd..... 86Vk0 87
Commonwealth Edison 108 0108
Cud shy Packing Co., com..... 47 0 60
Continental Motors ( 0 6
Hartman Corp., Com......... 76 76
Llbby. McNeil A Libby....... 70 7
Montgomery Ward 18 0 18
National Leather 6H0 H
Reo Motor Car Co. 17Vi0 17V,
Swift A Co. 909 0 0t
Swift International 24 H0
TJnlon Carbide A Carbon Co... 41 0 4$
New York Dry Goods.
New Tork. July 7. More active trad
lag waa reported In cotton goods for home
and export markets. Printed checks snd
dots sold freely. Print cloths and sheet,
ings were In better demand. Some sub
stantial contracts were placed on fine
combed yarn goods to be made. Tarns
eold In small lots at lower prices. Raw
silk was steady. A possible opening of
aergee for men's wear for spring waa un
der discussion.
Financial
New York Quotations Omaha Gram Bonds and Notes
N. T. Central
Chea. A Ohio ,
Erie R. R
Ot. North, pfd.
By ALEXANDER DANA NOYES,
Chicago Tribune-Omaha Bee Leased Wire.
New York, July 7. The en
thusiasm derived from ' the spirited
upturn in stock market prices on
Wednesday played an important role cm. Gt. west.
m today s transactions. During most
of the trading period substantially
higher prices were recorded, but ul
timately the market encountered the
profit taking that was to be expected
following such a rapid advance and
quotations eased off until some of
the more active issues showed losses
for the day. This, however, was es
entially true of the industrials. The
rails, for the most part, not only
held their gains of the day before,
but added to them.
That the market as a whole could
face heavy profit taking without suf
fering heavier recessions than devel
oped was in itself .a sign of a changed
situation.
Loss In Berserre Ratio.
Ths weekly reserve bank statements
showed a loss In reserve ratio, both for
the New York bank end the system as
well. In the case ot the former there was
a decline of. nearly 4 points from 70.7
to 66.8 and the ratio as compared with
a week sgo declined from 60.8 to 60.
The drop In ratio In the New York dis
trict was due to an Increase In circulation
and a heavy loss In gold reserves.
Both the cotton and grain markets ad
vanced today. In the case of the former,
activities at Liverpool have been some
what of a governing influence recently.
There Is reason to believe that the textile
Industry In England has turned the cor
ner and this would make for increasing
demand here. Added to this Is the evi
dence of a small crop and even the heavy
carryover cannot act as a complete dam
per. Further reports of crop damage in
the northwest helped the grain markets
to the extent of causing the covering
of speculative commitments by those who
nave operating for the decline.
CHICAGO CLOSING PRICES.
Range of prices of the leading stocks
furnished by Logan A Bryan,- Peters Trust
RAILS. Wed.
High Low Close Close
A. T. A S. F 83, 81i 83H 81V,
Baltimore A Ohio. 40 i 88 38 394
Canadian Paciflo .1134 113 112 1124
By Updike Grain Co. DO 2627. July 7.
Art I Open. High. Low. Close. Yes.
Wht
July 1.17i 1.21 1.174 1-204. 1.174
1.18 1.20 1.17
Sept 1.164 1.21 1.164 1.204 1.16
1.17 1.20 1.17
Dec. 1.18 1.234 1-184 1-23 1.18
1.234 1-184
Rye
July 1.14 1.18 1.14 1.17 114
Sept. 1.03 1.07 1.03 1.06 1.03
Corn - .
July .60 .61 .60 614 -594
69
Sept .694 .61 .694 .61 .5994
.60' 60 .594
Deo .59 .61 .69 .614 .69
.60 614' .594
Oats
July .35 .86 .35 .85 .24
35
Sept .37 .39 .37 38 .37
.37 38
Deo. .39 .41 .39 .40 .394
.89 40
Pork
July 17.96 13.00 17.95 18.00 17.90
Sept. 18.06 18.20 18.05 18.20 18.00
Lard
July 10.72 10.77 17.72 10.77 10 72
Sept. 10.95 11.07 10.95 11.07 11.00
Ribs
July 10.30 10.40 10.80 10.40 10.25
Sept. 10.60 10.67 10.60 10.65 10 60
72
55
14
71
7
92
2
274
21
19
75
67
70 70
55 65
Illinois Central ..
Mo., Kan. & Tex.
Kan. City South,.
Mo. Pac
N. Y.. N. H. A H.
North. Pac. Ry.. .
Chi. A N. W
Pennsylvania R. R. 35
Reading Co 70
C, R, I. A P 33
South. Pac. Co.... 76
South. Ry. ... 21
Chi.. MIL ft St P. 28
Union Paclflo 121 119
Wabash 84 8
STEEL.
Am. Car A Fdry...l26 125 ' 126 124
Allis-Chalmers ... 334 32 82 S3
Am. Loco. CO 83 88 82 824
Baldwin Loco Wks. 77 74 74 76
Beth. Stl. Corp... 61 49 49
13
65
7
91
2
26
21
18
72
65
35
68
33
75
21
27
70
64
13 13
68 69
7 7
92 91
2 2
26 26
21 21
18 18
73 73
65 66
86 36
68 68
82 33
76 76
21 20
27 27
119 119
8 8V4
67
26
39
24
71
48
83
84
74
34
72
10
24
si"
20
22
34. 38 38
38 39 37
13 13
10 10
New Tork Money.
New York. July 7. Prime Mercantile
Paper 6 06 per cent
Exchnge Irregular.
Sterling Demand. $3.70: cables,
$3.71.
Fsancs Demand, 7.86c; cables, 7.97c
Belgian Franca Demand. 7.81c: cables.
7.83c
Guilders Demand, 32 60c; cables, 82.70c
Lire Demand, 4.82c; cables, 4.84c.
Marks Demand, 1.32c; cables, 1.33c
Greece Demand, 6.68c.
Sweden Demand, 21.75c.
Norway Demand, 14.05c.
Argentine Demand, 29.63c.
Brazilian Demand 10.87c.
Montreal 11 16-16 pe cent discount
Time Loans Steady : all 6 per cent
Call Money Easy: high. 6 per cent;
low. 54 per cent: rullnar rate. 5 Per
cent; closing bid, 5 per cent; offered at
6 per cent; last loan, 6 per cent
New Tork Cotton.
New York. July 7. The New York cot
ton market opened steady at an advance
of (09 points, in response to higher Liv
erpool cablea and soon ahowed net ad
vances of 1(020 points on active positions.
with October selling at 12.70c. Scattered
southern hedge selling was reported at
the start but it was not in sufficient
volume to make much Impression on the
market and .prices held generally steady
toward the middle of the morning.
Favorable weather advices failed to cre
ate any selling power and after early of
ferings had . been absorbed, the market
worked higher on trade and Wall Street
buying, net advances being 20024 points
around midday.
Continued covering on reports of an
Increasing export demand in the south and
ilrmet snot basis sent the market 24
to 26 polnta net higher In the afternoon.
Onto. Fuel A Iron
Crucible Stl 60
Am. Stl. Fdry 27
Lackawanna Stl... 41
Midvale 8tl-Ord. . 24
Pressed Stl. Car.. 72
Rep. Iron-Stl. Co.. (0
Ry. Stl. Spring... 88
Sloss-Shef. Stl 35
tt s. atl 76
COPPERS.
Anaconda, Cop. Mn. 38
Am. Smlt. A Rfg.. 39
IsStte A Sup 14
Chile Copper Co.
Chlno Copper ..
Calumet & Aria.
Insp. Cons. Cop.
Kennecott Cop. .
Miami Cop. Co..
Nev. Cons. Cop.
Ray Cons. Cop.
IT oh fnn. Co
Am. Beet Sugar .80 27
A., a. A W. L a S. 28 26
Am. Int Corp. ... 87 36
. C Tnh 654i 64
Am'Cotto'n Oil Co 18 If
A m Tsml A Tei...lUJ?i va "
Am Agr Chem Pro 87 37
Bosch Magneto... 85 35
Continental Can.. 44 44
American Can Co. 27 27
Chandler Mot Car 66 52
Central Lthr Co.. 36 34
Cuba Cane Sug Co 9
Cal Pkg Corp.........
Cal Pet leum Corp 40 39
Corn Pdcta Rfg Co 68 66
Nat Enam, Stamp 464. 45
Plan KUDDer uo.... i7s.n
50
27
68 (9
26 26
39 40
It
48 60
83 83
34 34
74 76
12
10
33
19
21
11 HH
13 12
61 4
244 24
.... 48
23 33
19 19
22 21K
11 11
13 12
49 49
27 29
26 28
35
55
87
36
44
27
(2
34
9
36
64
18
103
37
'44
27
(4
34
9
6
39
68
39
66
464
12 13
31 31
80 80 82
66
(3 63
14 14
64 55
2 $
22 21
28 38
55
(3
14
54
2
214
38
ST e co..m m i i2?
Ot North'n ure... "jj r:
nr. litntf, Co 11 11 H ll
Goodrich Co 32
Intern'nal Harvst. 82
Haskell, Brkr Car.. 66
U S Ind Alcohol Co 64
Internet Nickel... 14
Internet -Paper Co 66
Island Oil $
AJa Rubber Co.. 22
.r ,1.. 1 A T1r iAU
Keystone Tire, Rub. 13' 12 12 11
Internet Mere jnar 11 " "
Maxwell Mot uo . . .
Mex Petroleum... 102
Middle States Oil 11
Pure Oil Co . . 27
Willys-Overland Co 7
Pacific Oil 36
Pan-Am Pet Tran 60
Fierce-Arrow Mot 20
Royal Dutch Co.. 66
U S Rubber Co,.. 66
Am Sug Rfg Co.. 72
Sinclair Oil, Rfg.. 214
Sears-Roebuck Co. 68
Stromsberg Carb.. 25
Studebaker Corp.. 82
Tob Pdcts Co 55
Trans-Con'tal OH. - 8
Texas Co 24
TJ S Food Pr Corp 18
White Motor Co
Western Union... 86
Wesfgh'se EU Mfg 46
Am Woolen Co... 73
Total sales, 847,100. .
Money Close 6 per cent; Wednes
day's close, 6 per cent
Marks Close, .01334. ,
Sterling Close, $3.70: Wednesday's
close, $3.71.
New Tork Sugar.
New York, July 7. The Improved de
mand for refined sugar led to more ac
tive buying In the raw sugar market and
caused an advance of c In prices, with
Centrifugal now quoted at 4c There
were sales late yesterday of about 10,000
outpost refiners was reported and 7,000
bags of Cubas from store in Philadelphia
also were sold, all on the basis ot 4o.
3
99 101
11 11
26
7 7
34 35.
48 604
19 19
(6 66
62 (3 53
estt "is
20 21
66 67
86 33
79 . 79
64 55
8 8
33 33
18 17
.... 83
86 86
46 44
69 72
17
11
26
7
84
48
19
6
20
66
34
78
64
8
33
17
86
44
69
Omaha, July 7.
Only 42 cars of grain were re
ported in today, with wheat 14, corn
18 and oats 10. Wheat prices were
generally 34c higher. Corn was
lH2c up. White advanced lc
and yellow and mixed 2c . Oats were
J4lc higher. Rye was nominal
and barley 3c higher. There was a
good demand for everything on the
list today.
WHEAT
No. 1 hard: 1 car, $1.20; 1 cars, $1.15
(new); 4 cars, $1.14 (new); 1 car, $1.14
(pew, shippers' weight); 1 car, $1.13
(new).
No. t hard: 1 ear, $1.17.
No. 8 hard: 1 car, $1.16.
No. 4 hard: 3-5 car, $1.08.
No. 6 hard: 2-5 oar, $1.05.
No 4 mixed: 1 car, $1.09; 2-5 car, $1.04.
CORN.
No. 1 white: 1 car, 54o.
No. 2 white: 1 car, 64c
No. 1 yellow: 1 car, 60c.
No. t yellow: t ear 60c; 1 ear, 60c
(shippers' wslght).
No. t yellow: 1 car. 49 c.
No. ( yellow: 1-3 ear, 46c ,
No. 1 mixed: 1 car, 48o.
No. 1 mixed: 3 cars, 48c; 1 car,
13 e (near white).
No. f mixed: 1 car, 42o (musty, ship
pers' weight)
OATS.
No. 1 white: $ cars, $le.
No. 4 white: 2 cars, 314c; 8-5 ear,
31 s.
BARLEY.
No. 4: 1 car. 44e.
Sample mixed: 1 car, 38o (heating); 1
car, ISo (heating).
CHICAGO CAR' LOT RECEIPTS.
Today Wk. ago Yr. ago
Wheat 79 35 15
Corn 297 260 199
Oats 101 100 78
KANSAS CITY RECEIPTS.
Today Wk. ago Yr. ago
192 129 76
26 37 12
6 9
ST. LOUIS RECEIPTS.
Today Wk. ago Yr. ago
94 47 78
, 22 37 107
10 28 67
NORTHWESTERN RECEIPTS OF
WHEAT.
Today Wk. ago Yr.ago
...204 212 143
...18S 69 214
...894 271 357
...169 226 109
PRIMARY RECEIPTS AND SHIPMENTS.
Receipts Today . Year ago
Wheat .1,012,000 613,000
Corn 1.136.000 922,000
Oat 717,000 640,000
Shipments
Wheat : 821,000 677,000
Corn '. 273.000 626,000
Oats 213,000 430,000
EXPORT CLEARANCES.
Today Year ago
Wheat'. 607,000 720,000
Corn 116,000
OMAHA RECEIPTS AND SHIPMENTS.
Week Year
Receipts Today Ago.
Wheat 1.
Corn, 18 . 37
Oats 10 24
Ry
Barley ............. .. 4
Shipments
Wheat . 29 44
Corn 62 42
Oats 1 12
Rye . -
Barley 2 6
Wheat
Corn ..
Oats ..
Wheat
Corn ..
Oat ..
Minneapolis
Duluth ....
Total
Winnipeg
Ago,
23
. 21
16
Minneapolis Grain.
Minneapolis, July 7. Flour Unchanged,
Bran $12.26015.00.
Wheat Receipts, 204 cars, compared
with 143 cars a year ago. Cash No. 1,
northern, $1.82 01.42 ; July. $1.22;
September, $1.26.
Corn No, 1 yellow, 47 0 48c
Oats No. 3 white, 32 033c
Barley 43 0 48c.
i Rye No. 3, $1.1201.14.
Flax No. 1, $1.8101.82.
City Grain.
Kansas City, July 7. Wheat July,
$1.10; September, .$1.12; December,
$1-14.
Corn July, 60c; September, E4e; De
comber, (6c
St. Louis Grain.
St Louis, July 7. Wheat July, $1.15
bid; September, $1.17 bid.
Corn July, 67 c; September, 58 c.
Oats 24 a bid; September, 37c asked.
Unseed Oil.
Duluth, Minn., , July 7. Linseed On
track and arrive $1.81 "
New Tork Curb Stocks.
The following Quotations are furnished
by Logan A Bryan:
Allied oil 4 0 5
Boston Montana ........... 49 0 60
Boston Wyoming 56 & 68
Cresson Gold 013-16
Cosden Oil 6
Consolidated Copper ......... 140 1
Elk Basin
Federal Oil
Glenrock OH
Merrlt Oil
Midwest Refining Co. ..
Silver King of Arizona..
Sapulpa Oil
Slmms Petroleum
U. S. Steamship
C. S. Retail Candy ....
White Oil
0
.. 10 2-16
... 69 73
.. 840 8
..131 133
.. 10 20
.. 3- 1
.. 6
.. 6-160
.. 0
.. 150
Omaha Bay Market.
Prairie Hay Receipts fair, market al
most stagnant; prices lower.
Airana Receipts, light; market craggy;
prlcea lower.
straw No receipts; nominal demand.
Unland Prairie Hav Niv 1. m nn t
$12.00: No. 2. $9.00 to 110.00: No. i. 17 (1(1
te $8 00.
Midland Prairie Hit Na. 1 fin (in tn
$11.00; No. 2. $7.60 to $9.00; No. 2, $6.50
to $7.50.
Lowland Prairie Hay No. 1, $8.00 to
$9.00: No. 2. $6.60 to $7.60.
Alfalfa Choice. $18.00 to $19.00; No. 1.
- - ..l.vv, .IMIUXU, IIJ.VV lO fJV.VV
No. 2. $8.00 to $11.00; No. 3. $7.00 to $8.00.
Straw Oat. $8.00 to $9.00; wheat, $7.00
te $3.00, .
Kansas City Prodnee.
Kansas City, July 7. Eggs Unchanged.
Butter Creamery, le higher. 38- nark
ing, lc higher, 17c.
nutter fat, 3c higher, 33e.
Poultry Hens, lo higher. 20c: others
unchanged.
Kansas City Hay
Kansas City. July 7. Hav Tlnrhanced
to $1.00 lower; choice timothy $16,600
Your July 1st Dividends
Each $100 Will Earn $6
if Invested in Home
Builders
6
New Home of Home Builders, Inc.
First Mortgage
Bonds
Sold at 98, to Yield 8
for the First Year.
Denomination $100 to $5,000
Maturity 2 Year to 5 Years
These bonds are secured by new Omaha
Business Property. They are Tax-Free in
Nebraska. The interest is payable semi
annually. Ask for descriptive literature.
Owned and Recommended by
Home Builders, Incorporated
Assets Over $1,500,000
For Sale hj
AMERICAN SECURITY COMPANY
18th and Dodge Streets Omaha Nebraska
' C. C. Shimer, Sec'y . C A. Rohrbough, Pre.
MAIL ORDERS GIVEN OUR PERSONAL ATTENTION
The following quotations fnrnlshed by
the Omaha Trust company:
Appx.
Bid Asked Ylii.
A. A. Ch. 7 Vis. 1941.... 94 95 7.95
A. T. A T. Co. 8s, 1922. 98 98
A. A T. T. Co. 6s. 1924.. 96 96
Anaconda 7s, 1929 93 93
Armour 7s, 1930 95 95
Belgian Govt 8a, 1941.. 99 100
Belgian Govt 7s. 1945 99 100
Beth. Steel 7s. 1923.... 97 97
British 64s, 1922 97 97
British 6 Vis, 1929 88 88
British 6 Vis, 1937 85 85
C. B. & Q. Jt. 6s, 1936 87 87
C. C. C. A St. L. 6s. 1929 86 87
Chile 8s, 1941 96 96 8,36
Denmark 8s 1946 100 100 7.95
French Govt 8s, 1946.... 98 99 8.10
B. F. Goodrloh 7s. 1925.. 89 89 10.26
Gulf Oil Corp. 7s, 1933.. 96 96 7.60
Jap. Govt 1st 4s, 1925 84 86
Japanese Govt 4a, 1931 69 70
Norway 8s, 1940 101 103
N. B. Tel. Co. 7s, 1941.. 99 100
N. Y. Central 7b, 1930.. 101 103
Packard 8s, 1931 96 95
Penn. R. R. Co. 7s. 1930.1034 102
. B. Tel. Co. 7s, 1925.. 96 96
Swift A CO. 7st 1925 96 96
Swiss Govt 8s, 1940.... 106 105
T dw'terOll Co. 6s, 1930 95 96
U. 8. Rubber 7 Vis, 1930.. 98 99
Vacuum Oil 7s, 1936 100 101
Wesfgh'se El. 7s. 1931.. 100 101
Foreign Exchange Bates.
Following are today's rates of exchange
as compared with the par valuation. Fur
nished by the Peters National Bank:
T .,.1 1"AJV
Austria
Belgium
Canada
Ciecho-Slovakia
Denmark
7.85
7.63
8.36
7.65
8.00
7.60
8.20
7.30
7.30
7.03
7.90
8.15
9.65
8.70
7.80
7.00
6.70
8.60
6.60
7.95
7.98
7.43
6.92
7.65
6.90
6.86
.30
.195
England ...
France ....
Germany . .
Greece .
Italy
Jugo-Slavia .
Norway
Sweden . . . .
Switzerland
.0019
.0785
.8850
0185
., .27 .1680
..4.86 3.71
,. .193 .0796
...238 .0133
.. .195 .0575
.. .195 .0484
.27
.27
.195
.0069
.1420
.2183
.1680
Liberty Bond Prices.
New York, July 7. Liberty bonds at
noon: 8s, 86.64; first 4s, 87.34; second
4s, 87.18 bid; first 4 Vis, 87.44; second
4s, 87.22; third 4s, 97.06; fourth 4,
87.88; Victory 3s, 98.24; Victory 4s,
S8.36.
Liberty bonds closed: 8e, 86.60; first
4s, 87.34; second 4s, 87.12: first 4s,
87.46: 2d 4s. 87.20;. third 4V4s, 91.02;
4th 44s, 87.28; Victory 3s, 98.36; Vic
tory 4s, 98.36.
Turpentine and Rosin.
Savannah, Ga., July 7. Turpentine
Market steady, 60c: sales, 75 bbls.; re
ceiptts, 762 bbls.; shipments, 1,257 bbls.;
stock. 8,276 bbls. .
Rosin Market firm; sales, 1.108 casks;
receipts, 790 casks; shipments, 160 casks;
stock, 82,498 casks.
Quote: B, D, E, F, $3.60; O, $3.55; H,
$3.62; I, $3.67; K. $4.00; M, $1.40;
N, $4.76; WG, 45.60; WW, $6,26.
Friends SayTaft
Is Well Qualified
For Chief Justice
Successful Experience as
Philippine Governor and as
Judge in Ohio Cited by
Acquaintances.
By HOLLAND.
Mr. Taft will not be embarrassed
by money difficulties as was one of
his predecessors who served as chief
justice of the supreme court. The
estate left by that chief justice was
reported to be insolvent It was
also the understanding that he had
expended all of the fortune he had
accumulated by the practice of law,
about $100,000, in order to meet his
expenses while serving as chief
justice. His salary was only $10,500.
Mr. Taft as chief justice will receive
$2,000 more, for congress increased
the salary of the justice of the su
preme court.
Mr. Taft will lose the salary which
he has received for about eight years
for his services as professor at Yale
university. But that will be more
than made good by the annuity to
him of $5,000 a year which Andrew
Carnegie made. Taft has lived since
he retired from the presidency in a
modest manner. His income must
have been considerable and it is un
derstood it has been wisely invested.
Therefore his income, including his
salary while chief justice, will be
ample.
States Share Equal Honors.
When the senate confirmed the nomi
nation of Mr. Taft for chief justice, Con
necticut ranked with unio in me numuer
of citizens who had been called to the
chair of chief Justice of the aupreme
court Governor Chase of Ohio and Mor
rison R. Walte of the taame state were
predecessor and successor as chief justice.
Oliver Elsworth of Connecticut served for
a short time In that important post and
now after more than loo years raii, wno
h been for elarht years a citizen ot
Connecticut takes the chair occupied by
Oliver Elsworth. .....
These, however, are only Incidental
considerations, although they have been
mentioned many times since Mr. Taft's
nomination as chief Justice was confirmed
by the senate. However, other comments
than these have been made by lawyers
who have been inspired to speak because
of the intimation made by two senators
uhn mtiuu.il the confirmation of Mr. Taft
on the ground that he haa not the quali
fications, as they said, for service as ohlef
juatlce, not having practiced law for a
long time and not having had prolonged
experience upon tne canon in unio.
Admired As Lawyer.
Mr. Taft Ja scoken by those 'who know
him and who have had aome knowledge
of his career as being as well qualified to,
serve as chief Justice as any other dis
tinguished lawyer upon whom rresiaeni
Harrline's choice might have been fixed.
His successful sxperienee while governor
of the Philippines was greatly aiaea oy
his mastery of law. He has profound un-dAi-KtAndlnr
of the common law. Ha han
dled with consummate skill, which entailed
accurate and profound legal knowledge,
the trouhlesnme nroblems which the dis
position of the so-called friars landhold-
Ings in tne f nmppinea naa creaiea.
Students who have listened to nis lec
tures at Yale have always been Impressed
by the revelation which he made of his
maBtery or the principles oi law. ins
personal friends of Charles E. Hughes In
New York City have reported Mr. Hughes
as having said that Taft possesses one
of the profoundest as well as most acute
Intellects which he had ever discovered
in any other man.
When Be Was Judge.
There were two Incidents associated with
his service as judge in Ohio to which
those who have knowledge of them have
referred since Mr. Taft'a appointment
One was an important and complicated
litigation. One of the parties aasoclated
in that litigation was Myron T. Herrick,
afterwards governor of Ohio and soon
to take up the duties of ambassador to
France. Another was Washington E. Con
nor of New York. The litigation was
somewhat prolonged. Many complicated
points were involved. After the evidence
wss olosed Taft charged the Jury and
that charge la still apoken of aa one of
the ableat and clearest ever made.
When the verdict waa given and the
caae closed, Taft wsa told that hlsoharge
to the Jury was a marvel of olearnese, of
profound exposition of the law and also
of the relation of the evidence to the
law. In reply Tsft aald that while the
cass was on trial ha made a careful study
of the jury and waa at laat convinced
that the Jury would be dlapoaed to bring
in a verdict which would not be Justified,
He therefore undertook In his chart to
set forth the relatione of the evidence
to the law and an exposition of the law
Itself, doing that In understandable terms
so that the Jury would be able to reach
a Just verdict The vardlot waa In full
aocord with the principle and statements
contained in the charge.
In Patent Case.
Important and expensive UUgatlon fol
lowed the Invention of Charles Hall ot a
process for manufacturing aluminum to
commercial advantage. The Issue In
volved waa whether or not there had
been an infringement of patents. The
rauae waa of national Int. rest becauae
It was realised that the discovery of the
process for the commercial manufacture
of aluminum by artificial means meant
very much to American Industry. Taft
sat as Judge In this litigation.
Some months afterwarda he happened
to be at Oberlin, where he met one of
two distinguished chemists who had not
been aasoclated with thla litigation. They
poke to htm of his decision, saying that
while It waa a masterly exposition of
patent law It waa also an exposition of
chemistry which would have Justified the
appointment of him as professor of chem
istry In a great university. Taft appre
ciated the complement but said that be
had received some assistance from widely
known chemista
New York Coffee, '
New Tork, July 7. The market for cof
fee futures was higher today, owing to
advances In Brazil, some buying by
houaes with Brailllan connectlona and a
scattering demand which waa probably
encouraged by reports of a better feeling
In the early stock market The market
opened at an advance of 1 to 11 points.
There waa soma scattered selling en'
eaaler Rio sxobange rates, but It waa
readily absorbed and some of the buy
ing here may have been connected with
rumors of unfavorable weather conditions
In Sao Paulo.
September advanced to 6.60c, with act
ive months generally selling 14 to 10
points net higher. Laat prloea ware a
few points oft from the best under real
izing, with the market closing at a net
advance of IS to 20 points. Closing bids:
July, 6.20c; September, 6.46c; October,
6.59c; December, .86o; January, 6.97c;
March, 7.20c; May. 7.35o,
Spot Coffee Dull, Rio Ts, 806e;
Santos 4s, 9g9o.
I Kansas City Live Btoek. '
Kansas City, July 7. Cattle Receipts
3,000 head; market, beef steers and year
lings, mostly steady to strong; spots,
higher, better grades; top yearlings, $8.60;
best medium weight steers, $9.00; winter
graasers, $7.25; calvea, 26o higher; best
vealers, $8.2608.50; sll other classes gen
erally, steady; canners, mostly $1.60; good
and choice cows, $4.7606.75; good heif
ers, $6.76; early sales stock steers, $4.60
05.25.
. Hogs Receipts 6.000 head; , market
steady to 10c higher; mostly 60e higher
than yesterday's sverags; best lights and
mediums to packers and shippers, $9.35;
choice 260-pound butchers, $9. JO; bulk of
ssles, $9.0003-80; packing sows, mostly
$8.2508.40; pigs, steady; choice kinds,
$9.00.
Sheep and Lambs Receipts $.000 heed;
market, sheep steady; native ewes, $3,60 0
4.00; best lambs, strong; others, steady;
top native, $10.36.
New Tork Produce.
New York. July 7. Butter Firm,
creamery, higher than extras, 8839c;
creamery extras, ISo; creamery firsts,
36370.
Eggs Firm; fresh ' gathered, extra
firsts, 36S7c; firsts, $3035c.
Cheese Firm; receipts, 1,988 lbs. State
whole milk flats, fresh specials, 17
17 c. Twins, 1717c
Live poultry, quiet and Unchanged.
Dressed poultry firmer; (owls, 3036c; ,
old roosters. 16021c,
St. Joseph Live Stock.
St Joseph, July 7. Hogs Receipts,
10.000 head; steady to 10a higher; top,
$9.40; bulk of sales, $9,000 35.
Cattle Receipts, 2.000 hesd; steady to
25a higher; steers, $6.0008.00; cows and
heifers, $3.6008.60; calvea, $6.6009.35;
stockers and feeders, $4.S56.36.
Sheep Receipts, 1,600 bead; 25U69o
higher; Iambs, $9.50010.60; ewes, $3,250
4.26.
Chicago Produce.
Chicago, July 7. Butter, higher; cream,
ery, extraa, 86o; standards, ; 16c;
firsts, 31 0 35c; seconds, 2780o.
Eggs Higher; receipts, 13,604 eases?
firsts. 29 0 30c; atsndards, 30; ordinary
firsts, 26027c; at mark, eases included,
27028.
Poultry Alive, higher; fowls, J6o;
broilers, 2630c-
. , . t
Chicago Potatoes. '
Chicago, July 7. Potatoes Steady; re.
celpts 43 cars; Virginia, $3. 7604.60 per
bbl.; Carolina, $3.000 3.40 per bbl.; Kan.
aaa Early Ohlos, $.90 cwt .
t J. iVt
foW.S aiV
Guaranty Trust Company
of New York
r NEW YORK
LIVERPOOL
LONDON
HAVRE
PARIS
BRUSSELS
CONSTANTINOPLE
; Condensed Statement, June 30, 1921
RESOURCES
. Cash on Hand, in Federal Reserve Bank
and Due from Banks and Bankers. $146,009,560.77
U. S. Government Bonds and Certificates 33,448, 1 88.06
Public Securities
Other Securities ;
Loans and Bills Purchased 3 82,63 7,732.63
Real Estate Bonds and Mortgages 2,680,210.00
Foreign Exchange 1,445,608.64
Credits Granted on Acceptances
Real Estate
70,076,739.62
37,143,113.05
34,595,477.70
8,658,083.41
Accrued Interest and Accounts Receivable 12,311,622.72
$729,006,33(160
UABIL1TIES
Capital .
Surplus Fund . ,
Undivided Profits..
.....$ 25,000,000.00
..... 25,000,000.00
5,545,372.84
$ 55,545,372.84
Accrued Interest Payable and Reserves for Taxes
and Expenses, and Other Liabilities and Reserves .
Notes, Bills, and Acceptances Redueounted with
Federal Reserve Bank
Notes Secured by Liberty Bonds Rediscounted
with Federal Reserve Bank
Acceptances New York Office ;
. Foreign Offices
Outstanding Treasurer's Checks
Outstanding Dividend Checks.
26,369,365.68
38,145,555.51
8,165,800.00
26,744,565.20
7,850,912.50
30,774,735.04
949,355.50
Depoit 534,460,674.33
', $729,006336.60
Undivided Profits June 30, 1920 $860,509.24
Undivided Profit June 30, 1919 4,479,876.83
Undivided Profits June 30, 1918.. 1,815,361.51
