11-A
THE BEE: OMAHA, SUNDAY, JULY 10, 1921.
1
VI
f
1
U.S. Trade With
Germany One of
World Wonders
fhile Still Technically at War
Commerce Increased Rapid
ly; New Record Ex
pected Soon.
By HOLLAND.
It will not be necessary to wait
until commercial treaties with Ger
many and Austria have been nego
tiated and accepted for the expected
increase in trade, especially with
Germany, to begin. If we had been
gaining trade with the rest of the
world as we have already gained
with Germany, even though we were
technically at war with it, a differ
Yfnt report respecting our world
trade would have been published. It
is one of the most significant and
important features of our trade situ
ation that we should have been able
to maintain a total trade- with Ger
many in the 12 months which ended
on June 30, $440,000,000 greater than
the trade of the year which ended
June 30, 1919.
In the year which preceded the
outbreak of the European war, the
end of which was only two months
earlier than the march of Germany
towards France, our trade with Ger
many was nearly $550,000,000. She
was buying enormously of Ameri
can raw material, especially cotton,
and we were in return purchasing
German dye.
, Riff Trad Increase.
When the war began our trade with
Germany practically ceased. But It ta one
of the wonden or world condition! aa
they were Immediately atter the armis
tice waa algned that our trade with Ger
niany, back and forth, began Immediately
to Increase, not aligbtly, but heavily. Ger
nnany needed wheat and flour and In the
past 1 month bought $65,000,000 worth
of this food from the United States. It
bought almost as much bacon and lard.
It needed raw cotton so that lta eot
i ton manufacturing Industry, which nor
mally Is very large, could begin opera
tion. 8h had the expert labor, ample
j machinery which waa unimpaired, but she
Jl seeded raw cotton. In one way or an-
other It was able to buy American cot
II ton of the value of approximately $100,
f 000,000. Immediately Its mills began
operation and aa soon as she can get
enough ootton these mills will be operated
at their capacity. It was In need of
copper and, partially with the aid ot
American credit, it was able to secure
copper of the value of (20,000,000.
It probably always will remain a
mystery how Germany, still on paper at
war with the United States, was able to
negotiate so many and so heavy pur
chases of American commodities In the
past 13 months. There prevail a sus
picion that some part of the unprece
dented Aow of gold to the United
Status represents Germany' payments for
American commodities, or for some of
them.
Hope Born of Production.
Earlier In the year report were brought
to the United States which told of a de
plorable condition prevalent In Germany,
especially among the peasants and others
who work for wages. It is now known
that these reporta were not Justified. In
fact, Information comes to New York that :
the German people are now better clotnea,
better shod and better ted than some of
th other nations which were our auiea.
The German farmers are cultivating
every foot of soil within their reach.
Th.u mm iflfcrnt and All successful In
Vl utilizing all available soil as are the
Vs furmxra of Holland and Denmark. There
are no evidence of the war such as would
be furnished If anything like depression
prevailed. It waa publicly reported that
a group of British business men who re
cently spent some week In Germany dis
covered that Germany Is Industrially
strong, economically sound, although the
,.!.. e thm marie continues to be de
pressed. The suspicion is that the mark.
Is kept at It present level for purely
political reasons. .
Now that peace has been formally de
clared and la to be followed by commer
cial treaties. It Is the belief here that
our trade with Germany, export and im
port, will be so greatly Increased In the
next 12 months that It will amount to
greater sum than the record-making trade
with Germany which was reached In me
1J months ending June SO. l..ntt
which amounted to nearly $560,000,008.
Balance of Trade. .
Although our foreign trade in. the past
IS months was greatly decreased V aah
lngton authorises report that there was
a balance In our favor somewhat in excess
of 12,000.000,000. If our cotton Prt
had been maintained proportionately with
our exports of wheat there would have
been a better showing for the year . Just
inded than was possible for the W.if
ton authorities to make. Had tha rest of
the world bought American cotton a was
hoped they would be aDle to do. then the
larger part of our losses In export, would
not have taken place. . N.w
Some year, ago one of e leading New
orcS-Si
n0 Importance ot Cotton.
m was not buying cotton
bu. in. which have lust ended.
in tne ""-Amerlci
be 11 moninj. cot,
The world a purcn-..- --- ,,,,
iTth. 1 month? vAUh ended April 30.
Ps" detail discovered in the Washing
tonrtpoU "ro'ftTn".'".!
in our world trade. Pu""7ncti which
the important. " " ,Y .
we sell to people across the sea.
New York Curb Stock.
The-following auotatlona are furnished
by Logan Sc XJryau.
Allied Oil
Boston Montana
Boston Wyoming
Cresson Gold
Coaden Oil.
Consolidated. Copper..
Elk Basin ,
Federal Oil
Glenrock Oil
Island Oil
I 1. All . .
4
62
60
63
117-1S
6
Hi 1
6
1H1 S-H
6 73
2
1149
Midwest Kenning v-o
Silver King of Arizona 1
Sapulpa Oil f '
Slmms Petroleum J
Tonopah Divide 9 5
XT. S. Steamship -16 ,
U. a Retail Candy 6
White Oil , V
Foreign Exchange Bates.
Following are today', rates of exchange
aa compared with the par.valuatlon. Fur
nished by' the Peters National bank:
Par
Valuation. Today.
Austria SO .007
Belgium 19S .077o
Canada I.0 .8840
Csecbo-Slovakla .013
Denmark 57 .1600
England 4.86 3.68
France .193 .0787
Germany 238 .0193
Greece 15 .0568
Italy 1'S 047
Jugo-Slavia 0070
Norway 27 .100
Sweden ........ .27 ...2165
Swltaerland 15 .1630
Chicago Stock.
The following quotation are furnlahed
by Logan Bryan:
Armour A Co, pfd S7H
Armour Leather Co. common 12
Armour Leather Co. pfd 87
Commonwealth Edison Co .....lot
Cudahy Packing Co. common 61
Continental Mooters
Hartman Corporation common 75
Llbby. McNeil Llbby., 7
Montgomery Ward Co.... 172
National Leather 8
Reo Motor Car Co 17
Swift A Co 89
Swift International 24
Union Carbide as Carbon Co. 42 X
London Money.
London, July . Bar 8ilver tlMi per
ounce.
Money 4 per cent
Discount Rates Short bills, 4 per
cent; three months' bill, $tt per cent.
Market and Financial News of
Financial
By ALEXANDER DANA NOYES
Chicago Tribune-Omaha Bo Leased Hire.
New York, July 9. Further de
clines in the foreign exchange mar
ket were recorded todav. with ster
ling dropping to the lowest point
since the first week in January. At
the close exchange on London was
at $3.66, off some 34 cents from the
high for the year.
The weakness in sterling once
more. proved unsettling to continen
tal rates and heaviness was apparent
in all quarters. The decline in the
exchange market from day to day
has been moderate and not of a
character to attract wide attention
for this reason, but there has been
persistent pressure for a considerable
time, in fact ever since the first pay
ment by Germany to the reparations
commission, sterling has been de
clining. The fact that the methods
of the second payment, whereby it
could be made in other currencies
than dollars, simply served to make
less pronounced the disturbance of
the exchange market. Undoubtedly
the statement of British trade for
June, showing a large increase in the
excess-of imports over exports, has
been a contributing factor in the de
dine.
Chana-es at Close.
Tha stock market of today failed to
give evidence of other then a week end
churning of prices, with fractional
changes predominating at the close. Dur
ing the early trading pressure was ex
erted against those groups of stocks, the
oils, sugar and certain of the specialties,
which have been a target for speculators
for the decline for some time.
In large, the downward movement waa
professional In origin, but failed to draw
out any real liquidation and during the
last hour there were aubstantlal advances
In those Issues whloh had suffered the
moat severe losses. The rail, contrary
to the ease of the Industrials, displayed
moderate strength and such Issues aa
Northern Faclfio, Great Northern, Read
ing, Pennsylvania and Southern Paclflo
closed the day with net gain.
The week' turnover of price In the
stock market find little change from
the level prevailing at the end of the
preceding week.
Forward business of the United States
Steel corporation suffered another sharp
recession during June, a inaicatea oy
the unfilled tonnage figure which were
announced today. A decline of 364,619
tons, bringing the balance of business on
the books down to 5,117,86s tons, waa
In line with expectations.
New York Quotations
Range ot price of the leading stocks
furnished by Logan A Bryan,-Peters Trust
building:
RAILS.
Frl.
High. Low. Close. Close.
A., T. A S. F.;.... 82 81V4 82 81H
Bait. A Ohio 394. 38 "4 39 37
Canadian Paclflo. . 1104 110 110 110H
N. Y. Central 70Va 6914 704 69
Ches. A Ohio 64 64 .54 S3
Erie R. R 13K 13 13 13
Ot Northern, pfd. 70 68 M 70 68
ChU Ot. W I'm
Mo., K. A T t 2 2 ....
Kan City. So 2 26 26 25
Missouri Pacific... 2094 204 20 20
N. Y.. N. H. A H.. 1894 - 17 18 1794
Northern Pao. Ry 74 72 73 72
Chi. N. W 6494 6494 6494 65
Penn. R. R 3494 34 3 4 94 3 4
Reading Co 68 - 6894 68 67
C, R. I. A P 324 3194 82 3194
Southern Pac. Co. 76 76 75 75 .
Southern Railway 204 20 20 20
C. M. A St. P 27 27 27 26
Union Paclflo 120 119 120 119
Wabash 8 3 8 8
. STEEL.
Am far A MrT-.124 133 123 125
Allla-Chal. Mfg... 31 31 31 31
Am. Loco. Co . 80 . 80 . , 80 ,
Baldwin Loco Win 76 73 74
Beth. Steel 48 48 48
Crucible Steel Co. 67 55 66
Am. Steel
Lackawan. Steel.. 39 39 39
Mldvale Steel
80
74
48
66
26
39
24
71
47
8194
33
73
38
1094
23
Pressed Steel car
Rep. Iron Co.... 47 94 54
Railway Steel
Sloss-Shel. Steel ....
U. S. Steel 74 7394
COPPERS.
Anaconda Copper. 3 8 94 3 8
Am. Smlt Co... 37 3794
Chile Copper Co.. 1094 10
Chlno Copper Co. 14 22
47 94
74
3894
37
1094
24
Calumet A Arixona
Inspiration Cop
Kennecott Copper. 20 1J94 2 0
Miami Copper ... 21 21 21
Ray Cons. Cop
Utah Copper Co.. 60 50 60
INDUSTRIALS.
Am. Beet Sugar. 27 26 26
Atl.. O. A W. I. S. 24 21 22
Am Inter. Corp. 34 33 34
Am. Sum. Tob... 61 4814 60
46
34
19
21
12
49
27
23
33
61
16
103
87
'35
44
26
60
34
8
36
65
44
11
127
29
11
30
74
55
61
13
52
2
21
36
10
11
4
93
1194
26
7
34
46
19
55
48
64
19
64
33
78
52
Am. Cot. Oil Co
it it j-
103 103 103
Am. Tel. A Tel....
Am. Agr. C Pro..
Bosch Magneto...
Continental Can..
Am. Can Co.....
Chand. Mot. Car. ,
Cen. Leather Co..
r.ib Cane S'r Co.
34 34 34
26
62
24
26
60
34
8
36
26
51
84
8
36
65
is"
128
28
11
7394
62
63
2
37
It
'i"
94
1194
26
34
48
19
64
49
64
20
65
32
79
62
8
'l7
32
894
Cal. Pet. Corp 36
Corn Prod. Rfg Co 65
Nat En. A Stamp
Fisk Rubber Co... 12
rsn. Electric Co.. 128
65
ii'
126
2894
11
73
61'
61
.2
37"
11
'394
Gt. N. Ore 28
Gen. Motor Co.... 11
Goodrich Co
Int. Harvester .... 75
Haskell A Br. Car
U. S. Ind. Al. Co.. 63
Int. Nickel ....
Int Paper Co.... 63
Island OH 2
AJax Rubber Co... ....
Kelly-Spring. Tire 37
Keystone T. A R. 11
Inter. Merc. Mar
Maxwell Motor Co 4
Mexican Petroleum 97
Middle States Oil.. 11
Pure Oil Co 26
Willys-Overland
Paclflo Oil 34
Pan-Am. P. A T.. 48
Pierce-Arrow Mot. 19
Royal Dutch Co... 64
U. S. Rubber Co... 49
Am. Sugar Rfg. Co 65
Sinclair Oil A Rfg 20
Sears-Roebuck Co. 65
Stromsberg Carb.. 32
Studebaker Corp.. 80
Tob. Products Co. 60
Trans-Con. Oil ... .8
9194
11
26
33
46
19
6494
4894
63
19
64
32
78
62
7
"n
32
Texas Oil
U. S. Food Prod.
White Motor Co.
Wilson Co., Ino.
West Airbrake .
33
17
32
. 17
. 32
8s'
88
88
Western Union
West. El. A Mfg
Am. Woolen Co... 69 67
86
44
67
68
Total Sales Z43.8UU snares.
Money Friday close, 6 per cent.
Marks Close. .0132.
SterlingClose, t3.64; Friday' close,
13.71.
New York Cotton.
New York, July 9. The New York
cotton market opened steady, considering
the bearish nature of crop and weather
news, first prices showing net gains of
9t?15 points. Japanese interests and
Wall Street bought considerable cotton on
the rise.
Early realizing sales seemed to be very
readily absorbed and the market turned
firm later In the morning on report of
unfavorable weather in the southwest and
a continued apot demand from exporters
In eastern belt ection. Prices made
new high ground for the movement in
the late trading, with October selling at
13.95c, and the market closed firm at a
net advance of 1 to 28 points.
New York Money.
New York. July 3. Prime Mercantile
Paper 6(j6 per cent
Exchange Weak.
Sterling Demand, 13.67; cables, 13.67.
Francs Demand. 7.84c; cables, 7.86c.
Belgian Francs Demand, 7.70c; tables,
7.72c.
Guilders Demand. 82.32e: cables. 33.42c.
Lire Demand, 4.67c; cables. 4.69e.
. Marks Demand. 1.30c; cables, 1.31c
Greece Demand. 6.50c.
Sweden Demand, 21.50c. '
Norway Demand, 13.75c.
Argentine Demand, 29.750.
Brazilian Demand. 11.00c. 1
Montreal 13 7-16 per cent discount
Bar Silver.
New York. July . Bar Stiver Domes
tic. 99c; foreign, tic.
Mexican Dollar 6&
Unseed OU.
Duluth. Minn., July 9. Linseed On
track and arrive, 11.84.
Chicago Grain
By CHARLES D. MICHAELS,
Chicago Tribune-Omaha Be Leased Wire.
Chicago, July 9. Strengthening
influence in grains were effective for
a time today, but lack of outside buy
mg of sufficient volume was demon
strated later in the weakness that fol
lowed an early bulge. The last
sales were around the inside price
of the day. with wheat 3yM3yi
lower, corn off Mllic, oats, H
He and rye, 2'ac.
Those who bought on the advance
were sellers at the last. The short
interest was generally covered on the
bulge and friends of the market were
greatly disappointed by the Iat
weakness. The government report
was construed differently by the va
rious interests, but on the whole was
moderately bearish on ' wheat and
considerably so on corn and oats,
Closing prices compared with a
week ago show losses on an grains-
Wheat. lM4c; corn, nm-iW
oats. H&lic: rye, iZJic, July leading
the breaking in wheat and oats and
September in corn. Provisions
gained materially, closing 50(375c on
pork for the week, 4050c on lard
and t$(My.c on snort rms.
Black Rust Reports.
Traders who construed the government
report with its loss of wheat laat month as
bullish, bought early and prices showed
23c under the previous day's close.
There were black rust reports from the
Canadian northwest, but so far no dam
age has been done, with weatner iavor
able for rust development, It Is said i
rust scare and heavy damage might re.
suit and the situation Is one that will
bear close watching.
Temperatures of 100 were reported In
North Dakota late In the day and
houses with northwestern connection
were good buyers of wheat futures on
the advance, but sold out when the
market weakened. There waa general
selling of July by cash house and long
and large buying oy tne seaooara nouses,
wlio took more than 1,000,000 bushels.
said to represent export business, although
no figure were given on actual sale
after the finish.
Country offering were liberal. Cutting
of sDrina wheat la said to be on In Minne
sota and Winnipeg message say cutting
will itart In south Saskatchewan next
week. North Dakota will also be cut
Ing by July 20.
' Spread in July Wheat.
July wheat was up to 11.22 and a
low as 11.18. with the close at 11.18
A1.1894. September closed $1.181.18
and December at $1.21, with August
31.18.
Buying of July against exports for
shipment through Canada, combined with
purchase by shorts, ent July up to
6294 c, or o over the previous day'
close. The bulge brought out selling by
the leading cash Interest, who also took
September for a time and later sold
September In sufficient volume to start
the late break of nearly zc. witn me
close 6959c.
Local traders bought oat early on the
bullish government report and advanced
price. c on a break in other grains and
a lack of support brought unloading to
ward the last on a break of lo In July
and lo in September.
Rye was in demand early from sea
board houses and export sale, of 35,000
bushels were made for shipment in about
two weeks at 16c over July, track Balti
more. A break of 3o came at the last,
with July at 31.17.
, Pit Notes.
Leading cash houses In corn have sold
2,260,000 bushels for export this last week
and chartered boat for it. Corn Is be
ing moved out to Montreal as fast aa
possible. Exporters paid 10o over
Chicago, July c. L f. Montreal. The
freight rate Is 8o over. July corn came
out on all bulges and the September was
bought on the break. Evidently the trade
believes that there 1 enough September
sold to take care of all the July and J,
comfortable margin additional.
The engineer and firemen at the grain
elevator have accepted a 20 per cent
reduction- In wagea and increase from 46
to 48 hour per week. This notice was
ent to the elevator employer today.
Latest reports from the seaboard say
1,000,000 bushels of wheat, 380,000 bushels
corn and 300.000 bushels rye have been
taken for export.
Two stalk of corn nine feet high were
received here yesterday from Coon Rap
Ids, la. The plant had commenced to
tassel and showed evidence of setting
three eara per stalk.
CHICAGO CLOSING PRICES.
By Updike Grain Co. DO. 2627. July 9.
Art.
I Open. High. I Low. Close. Yes.
Wht
July
Sept
Dec
Rye
July
Sept.
Corn
July
Sept
Dec
Oat
July
Sept.
Dee.
Pork
July
Sept.
Lard
July
Sept
Rib
July
Sept.
1.21
1.20
1.22
V.24
1.18
V.is-
1.18
1.22
1.22
121
1.21
1.24
1.24
1.19
1.08
.61
.60
.60
.60
60
.86
.38
".40
1.18
1.20
1.20
1.22
1.22
1.19
1.07
.61
.60
.69
.60
.69
.36
.38
".40
.40
I
1.18
1.18
1.21
Y.ii
1.20
1.08
.63
.60
1.17
1.05
.60
.68
1.17
1.06
.60
.69
.60
.58
.68
.68
.35
.37
.37
.39
.36
.38
".40
.8694
.37
".39
18.40
18.50
I
10.92
18.40
18.60
18.40
18.40
18.00
18.50
18.50
18.22
11.00
11.26
10.92
11.00
11.22
10.77
11.07
11.12
I
10.66
111. 12
10.75
10.65
10.72
10.90
10.45
10.67
10.72
10.92
10.72
Minneapolis Grain.
Minneapolis, July 9. Flour 20e to 25c
higher; family patents, $8.7008.85.
Bran 13.0015.00.
Wheat receipts. 247 iar compared with
135 cars a year ago.
No. 1 northern, $1.379401.47; July,
$1.22; September, $1.23.
Corn Yellow. 47 48c.
Oats No. 3 white, 3232e.
Barley 44 68c.
Rye No. 2. $1.11 1. 13.
Flax No. 1. $1.831.84.
St. Louis Grain.
St. Louis, July . Wheat July, $1.14
asked; September, $1.15 bid.
Corn July, 56c; September, 66
asked.
Oats July, S6c; September, 37 asked.
New York Dry Good.
New York, July . Cotton goods and
yarns showed a steadier and firmer
tendency today. Knit goods production
waa light. Raw silk In local public ware
houses was less than usual. Knit goods
openings for spring probably will be de
ferred until next month.
Kansas City Produce.
Kansas City. Mo., July 9. Eggs lc
higher, 32c; selected, lc higher, 24c.
Butter Creamerv. lc higher, 39e.
Broilers 2o higher; heavies, 27c; lights,
23o.
Chicago Produce.
Chicago, July 9. Butter Unchanged.
Eggs Unchanged; receipts, 7,217 cases.
Poultry Alive, unchanged.
(No butter and egg quotation on Sat
urday during July and August).'
Bonds and Notes
The following quotation furnlahed by
the Omaha Trust company:
Approx.
Bid. Ask. Yield.
Am. Agrl. C. 7s, 1941.. 95 96 7.85
At", r.. Ac 1. I.O. 68, 1923 98
Am. T. A T. Co. 6s, 1924 96
Anaconda 7s. 1929 92
Armour 7s, 1930 96
Belgian Govt. 8s, 1941.. 99
Belgian Govt 7. 1945 99
Beth. Steel 7s, 1923 97
British 6s, 1922 97
British 6s, $8
British 5s, 1937 86
C. B. & Q. Jt. 6s, 1936 97
C. a C.l St L. 6e, 1929 87
Chile 8s. 1941 96
98
96
92
96
99
99
98
97
88
85
98
88
8.00
7.55
8.30
.7.60
8.06
7.53
8.10
7.30
7.3
7.04
6.73
$.05
8.32
7.93
8.10
96
Denmark 8e, 1946 100 100
rrencn uovt. ss, i4... 98 99
B. F. Goodrich 7s, 1925.. 89
Gulf Oil Corp. 7s, 1933.. 98
89 10.36
98 94 7.20
Jap. Govt. 1st 4s, 192 5 8 4 94 85
.sa
8.75
7.7S
6.9S
6.77
8.63
6.48
8.06
7.90
7.50
6.98
7.(3
Jap. Govt. 4s. 1931 69 69
Norway 8s. 1940 103 102
N. W. B. T. Co. 7s, 1941 100 100
N. Y. Central 7s, 1930.. 101 101
Packard 8a, 1931 95 96
Penn. R. R. Co. 7s. 1930 103 103
S. W. B. T. Co. 7s. 1936 96 96
Swift Co. 7s, 1925.... 96 97
Swls Govt. 8a, 1940 104 105
Tldew'r Oil Co. 6s. 1930 9494 95
U. S. Rubber 7s, 1930.. 99 9994
Live Stock
Omaha, July t,
Receipt were Cattle. Hogs. Sheep.
Monday. July 4
iHolldav)
Official Tuesday 4,841 11.674 13,204
Offlriul Wednesday. 4.113 13.104 16.533
Official Thursday.... 8,862 16,079 13,654
Official Friday 1.367 13.760 8.618
Estimate Saturday.. 100 8,000
Six days this wk... 14,273 60,6 fT.OOs
Same days last wk.. 30,222 72.016 44,177
Same Two wks. ago. 37.896 75,622 45.814
Same three wka. ago. 29,185 63,113 36,042
Same days yr. ago.. 13,657 38,341 49,131
Receipts and disposition of live stock
at the Union Stock yards, Omaha, Neb.,
for 24 hours, ending at 8 p. in. July 9,
1921:
RECEIPTS CARLOT.
Cat.Mogs.Shp.
Wabash R. R
1
Union Paclflo R. R
C. A N. W. Ry., east
a AN. W. Ry.. west
C, St. P., M. A O. Ry....
C, B. A Q. Ry., east
C, B. A Q. Ry., west....
C, R. I. A P., east
24
6
60
1
1
20
Total receipt 3
DISPOSITION HEAD.
117
Hogs.
Armour A Co 1,327
Cudahy Packing Co 1,702
Dold Parking Co 454
Morris Packing Co 1,207
Swift A Co 1.650
J. W. Murphy 1,128
Swartx A Co 76
Total I.54S
Cattle Today'a cattle market wa the
usual nominal Saturday deal, only about
100 head being received. The week sup
ply of 14.200 head Is the smallest since
the corresponding week last year. At
tha start of the week beef and butcher
cattle sold at barely steady prices, but
toward the close continued light receipts
caused advances of from 25 to 50 cents.
The first western cattle showed up this
week and general qualltty of tha receipts
was not so good as it has been. Stockers
and feedera have been In poor demand
and the market la dull at barely steady
prices.
uuotationa on cattle: unoice to prime
beeves. $8.008.30; good to choice beeves,
$7.608.00; fair to good beeves, $7.00
7.60; common to fair beeves, $6. 257.00;
choice to prime yearlings, $8,102)8.86:
good to choice yearlings, 16.76 7.60; com
mon to fair yearlings, $5.76 6.76 ; choice
to prime neirers, $6.757.25; good to
choice heifers, $6.00 6.7; choice to prime
cows, o.outQ'o.uv; gooa to cnoice cows,
$5.00 5.60; fair to good cows. $4.0004.76:
oommon to fair cows, $1.6002.76; good to
ohoice feeders, $6.0006.75; fair to good
feeders, $5.256.00; common to fair feed
ers, $4.606.25; good to choice stockers.
$5.766.50; fair to good stockers, 6.00
6.76; common to fair stockers. $4.0005.00:
stock heifers, $3.6006.00; stock cows.
$2.6003.75: stock calve. $4.0007.00: veal
calves. $4.509.25; bulls, stags, etc., $2.76
St 5.60.
Hog Saturday' bog receipt amount
ed to 118 load or about 8,000 head.
There was a good demand and trade ac
tive at prices strong to 16o higher than
Friday. Bulk of the sales was $8.40
9.16 wit ha top of $9.25. There ha been
generally good demand all week, the
market closing around 40 50c higher than
a week ago.
HOGS.
Sh. Pr. No. Av. Sh. Pr.
No. Av.
28. .187
42. .205
40 $ 9 10 63. .197 ... $ 9 15
9 20
8 90
05
8 76
8 86
8 65
8 65
S 15
113.191
81. .237
26. .261
92. .198
26. .285
57. .324
30. .316
35. .385
40
40
9 25
00
73. .214
..253,'
70
46
40
150
140
40
70
8 70
8 80
8 50
8 60
8 40
8 25
40. .218
65. .255
77. .278
66. .247
70
48. .376
Sheep The trading In the sheen barn
has showed a higher trend practically
all week. Western lambs are now selling
around $9.6010.86. Natives around $9.00
10.00. with cull around $4.50 05.00.
Feeding lambs are Quotable from $5,000
6.00 and aged stuff from $3.00(94.76.
Western lambs have made an advance
carying from 76c to possibly $1.00. Feed
ers are steady with the best time laat
week possibly 26 ai soo higher than tne
close and aged stuff a gain ot around
25 50c.
Quotations on Sheep-
Spring lambs, westerns $9.50010-86
Sirlng lambs, natives 9.00O10.00
Spring lambs, culls, natives... 4.60 6.00
Shorn yeaning
Feeder lambs
Feeder yearlings, wether.
Shorn ewes
Cull ewes
6.25 7.60
4.00 6.00
4.000 4.60
3.000 4.76
1.00 2.50
Chicago Live Stock.
Chicago. July 9. (U. S. Bureau of Mar
kets.) Cattle Receipts, 600 head; com
pared with week ago: good and choice
heavy steers, steady; others ana yearlings,
16025c higher: sDots ud more, butcher
she stock, mostly 6O0 to 75a higher, better
grades up most; canners ana cutters,
25o to 50c higher; bulls, 75$1.00 higher;
veal calves. $1.0001-25 higher; stockers.
25c higher; feeders, dull, unchanged.
Hogs Receipts, 7,000 head, market ac
tive, mostly 1016o higher than yester
day', average; good clearances; top, $9.90;
bulk, better grades. $9.609.90; bulk,
packing sows, $8.2508.65; pigs, steady.
Sheep and Lambs Receipts, 6.000 head;
receipts practically all direct to packers,
compared with week ago; lambs and
yearlings. 76c to $1.25 higher; matured
sheep mostly 6O0 higher; feeders, un
changed. Kansas City Live Stock.
Kansas City. July 9. (U. S. Bureau of
Markets.) Cattle Receipts. 100 head;
for week: Beef ateers, mostly steady to
25c higher; common kinds, steady to 25o
lower vearllnaa and better grades. light
steers, 25 50c higher; canners, she stock.
bulls and stock cow ana neuers, siettuy,
calves, 25050c higher; stockers and feed,
era, strong to 60o higher; stock calves,
weak. ' - .
Hogs Receipts, 600 neaa; mostly o
to 10c higher than yesterday's average;
llo-hi. ind medium weight to packer.
without sorting, $9.30; 260-pound weight,
9.20; bulk or sales, t.2ue.a.
shonn and Lambs Receipts, none. For
week: Sheep mostly 26c higher; lambs,
50 750 higher.
Sioux City Live Stock.
Hinu- PHtv. .Tnlv 9. Cattle Receipts.
300 head; fed steers and yearlings, $6.60
8.60; market steady, z&o nigner ior mo
week; fat cows and heifers, $4.007.25;
canners, $1.003.00; veals,, so.uuigiB.ou;
grass cows, $3.004.50; calves, $3.606.50;
feeding cow. and heifers, $2.004.50;
stockers, $5.00 06.00.
Hogs Receipts, 4.200 head; marker 10
20c higher; llsht, $9.0009.35; mixed, $8.60
to 8.00; heavy. 3T.75O8.60; DU1K 01 sale.
$8.009.16.
Sheep No receipts.
Liberty Bond Price.
New York. July 9. Liberty bonds
closed: 3s, 86.36; first 4s, 87.04; second
4s, 86.93 bid; first 4s, 87.14; second
s. 87.00; third 4. 90.90; fourth 4s,
87.08; Victory 3s, 98.36; Victory 4 94s,
98.34.
Specify
Nesbit Healthful
All
Cast
Iron
Yoifre Assured of Healthful. Economical Heat
ASK YOUR DEALER
Sold and installed by the following local dealers
A. X. Carey, 8585 Grand Ave.
Dennell, Ware Bronder, 4616 S. 21th
Farnam Sheet Mtl. Wks., 2904 Farnam.
B. J.Flanagan, (104 Leavenworth.
Chas. F. Krelle, 610 S. 13th.
E. Mead Hdw.. 2202 Military Ave.
VH. Meinig. 4604 Dodge.
Wm. Nielsen, 8310 Spaulding.
Standard Furnace & Supply Co.
Manufacturer
407-13 South 10th Street Omaha
the Day
Omaha Grain
, Omaha, July 9.
Very light arrivals of grain were
on hand todaj. Wheat prices ranged
lc to 3c lower and generally about 2c
off. Cwn was lc to lJ4c lower.
Oats were c off to lie up, the
bulk of No. 3 white He higher. Rye
and barley were nominal. The mar
ket, was extremely quiet. Trading
was slow.
WHEAT.
No. 1 hard: 1 car, $1.50 (78 per cent
dark); 2 cars, $1.18; 1 rar, 31.17; Z cars,
$1.13 (new): 3 cars. $1.11 (new).
No. 2 hard: 1 car, $1.17; 1 car, $1.16
(new); 1 car, $1.16; 1 car, $1.11 (new); 1
car. $1.11 (smutty).
No. 3 hard: 1 car, $1.10 (smutty).
No. 4 hard: 1 car, $1.14 (smutty),
No. 6 hard: 1 car. $1.15 (smutty).
Sample hard: 1 car. $1.14 (57 lbs.)
CORN.
No. 1 white: 3 cars, 63c,
No. S white: 1 car. 62c.
No. 6 white: 1 car, 4Sc.
No. 1 yellow: 7 cars, 4,9c.
No. 2 yellow: 1 car. 49c.
No. 6 mixed: 1 car, 41c (sour); 1 car.
41C.
Sample mixed: 1 car, 40c.
OATS.
No. 3 white: S cars, 81c; 2 cars, 31!4c
No. 4 white: 1 car, 31 c.
RYE.
No. 2: 1 car, $1.07.
BARLEY.
No. 1 feed: 1 car, 88c
OMAHA RECEIPTS AND SHIPMENTS.
Receipts
Wheat Today. Yr. Ago.
21
Corn
Oat .
Rye
Barley
27
13
1
1
Shipments-
Wheat 13
Corn 61
Oats 9
Rye
CHICAGO CAR LOT RECEIPTS.
Today Year Ago.
Wheat 173 13
Corn 166 217
Oat 103 . 68
KANSAS CITY RECEIPTS.
. Today Year Ago.
432 118
, 30 25
3 4
ST. LOUIS RECEIPTS.
Today Year Ago.
242 74
20 82
19 $9
Wheat
Corn .
Oat .
Wheat
Corn .
Oat ..
NORTHWESTERN RECEIPTS OF
WHEAT.
Todav. YearAa-o.
Minneapolis 247 l.ts
Duluth 146 71
Winnipeg 87 154
PRIMARY RECEIPTS AND SHIPMENTS.
Receipts Todav. Year Aao.
wneai .1,617, ooo
739,000
686,000
608,000
Corn 529.000
Oat -408.000
Shipments
Wheat 1.184.000
7S7.000
420,000
605,000
Corn 622,000
Oat 186,000
Omaha Hay Market.
Prairie Hay Receipts somewhat heavier
with considerable movement of new crop
hay. Demand draggy.
Alfalfa Receipts, light: demand light:
prices lower.
straw No receipts; nominal demand.
Upland Prairie Hay No. 1. 810.60(9
11.60: No. 2. $8.60489.60: No. 3. $7.00
8.00
Midland Prairie Hay No. 1. $10.00
11.00; No. 2. $7.609.00; No. 3, $6.60
7.50.
Lowland Prairie Hay No. 1, $7.60
60; No. 2. $6.507.60.
Alfalfa Choice. $17.0018.00: No. 1.
$15.00016.50; standard. $12.00 14.00; No.
I8.OUOH.00; NO. 3, $7.00 JJ'8.00.
Straw Oat. $8.0009.00: wheat, $7,000
8.00.
New York General.
New York. July 9. Flour Market firm;
spring patents, $8.5009.00.
Wheat snot, market irregular: no. 3
red, $1.38; No. 1 Manitoba. $1.76; No. t
mixed aurum, $1.34, o. 1. r. track New
York to arrive: No. 2 hard, $1.44, c. 1. f.
track New York, late July shipment.
Corn Spot, market firm: No. 2 yellow
and No. 2 white, 834c, and No. 2 mixed,
82c, c. I. f. New York, 10 days' ship
ment Oats Spot, market firm; No. 1 white,
48c.
Lard Market strong; middle-west,
$11.70 011.80.
Other articles unchanged.
St Joseph Live Stock.
St. Joseph, Mo., July 9. Cattle Re.
ceipts; none; nominal; steers, $6.008. 50;
cows and heifers, $4.00 8.50; calves,
$6.509.50.
Hogs Receipts, 4,600 head; opening 5c
higher; top, $9.45; bulk of sales, $9.10
.45.
Sheep and Lambs Receipts, 800 head;
market nominal; Iambs, J9.60ll.00;
ewes. $3.504.25.
New ' York Produce.
New York, July 9. Buttei- Firm;
creamery, higher than extras, 8939c:
extras, 38c; firsts, 3638c.
Eggs Steady; fresh gathered extri
firsts, 8637c; firsts 3335c.
Cheese Firm; state whole milk flata
fresh specials, 1718c; twins, 17c.
Poultry Alive, quiet; no prices quoted:
dressed, steady and unchanged.
Keep Cool
By placing awnings and porch
curtains on your home.
See our full line of camp fur
niture and cots.
Nebraska Tent and
Awning Co.
1204 Farnam Street
Jackson 3329
Heat Furnaces
All
Cast
Iron
North Side Hdw., 4112 N. 24th.
Olson Bros., 2612 Leavenworth.
Schollman Bros.. 4114 N. 24th.
Thrane-Gille Mfg. Co., 1007 Jackson.
C. H. Turney, 6002 Military Ave.
Rice Furnace and Tin Works, 68 N.
Main, Council Bluffs.
Abrams Stell, 2619 Seward.
Omaha Realtors
To Start Monday
ml
Eve f or Cliicaso
National Convention to Open
. Tuesday Morning C. B.
Stuht to Speak on
Omaha t
The Omaha delegation to the na
tional real estate convention in Chi
caeo this week will leave here Mon
day night over the Milwaukee rail
road. A few have gone ahead. Na
tional Committeeman J. W. Robbins,
Mr. and Mrs. Wyman Robbins, Miss
Lois Robbins and C. F: Harrison
started Saturday morning in the
Robbins automobile. Frank Heintze,
Fred I'flambeck and Herman Auer
bach left last night by train.
The convention will open Tuesday
morning. The opening speech will
be made by Herbert Hoover.
In the five-minute speaking con
test, in which realtors tell of the
merits of their cities, C. B. Stuht
will represent the Omaha board.
The Omaha board will take with
it a male quartet consisting of E. F.
Williams, Hugh Wallace, Dean
Smith and George Campbell. This
quartet will furnish entertainment
during the convention.
St. Mary's Paving Awaits
End of Water Main Changes
Paving in the St. Marys avenue
grading district is scheduled to start
in a few days. The new grade is
now all established east of Eigh
teenth street. Paving contractors are
waiting for completion of water
main changes. Paving will start on
Howard at Sixteenth, and on Seven
teenth at Hartley.
I. Shuler Returns Here
T. Shuler. who is soendinsr the
summer in Paynesville, Minn., re
turned to Omaha yesterday to as
sist in ntertainintr visitinsr realtors
and to accompany the Omaha Real
Estate boards delegation to tne
Chicago convention this week. Mr.
Shuler will go back to Paynesville
from the convention, joining his
family there.
In New York but 14 of the 400
members ctf the Teamsters' union
favored a wage cut of $3 per week.
PCO STOCK PRIVILEGES C IOC
O 0 L PUTS AND CALLS l) I 0
3U Un I o VJ u u ujia
Best, safest way to trade. No margin
Calls possible, as risk is limited. Profit;
unlimited. Ask for free booklet.
"SUCCESS IN THE STOCK MARKET"
With small outlay hundreds
of dollars are made.
UNLISTED SECURITIES
KENNEDY & CO.. Est. 1884
Members Consolidated Stock Exchangt.N.Y.
74 DKUAUWAT, ntw IUIST.
AUCTION!
. Oil and Gas Leases
6.000 acres surrounding 3,000-foot test
well now drilline two miles north of
Blaine, Pottawatomie county, Kansas.
At 10 o'clock A. M.
Saturday, July 16th, 1921
Tracts to be sold ranee from 40 to 160
acres per tract. Blaine is on the Union
Pacific R. R., 125 miles northwest of Kan
sas City, midway between Seneca and
feabody.
SALE UNDER TENT, RAIN OR SHINE
Free Barbecue Lunch at Noon.
Col. W. B. Carpenter and Associates
(Autioneera) '
For particulars wire C. C. Outhier, owner
413 Ridge BIdg, Kansas City, Mo.
Farm Mortgages
7 '
39 Years of Loaning Experience
Without a Loss to the InTestor.
Write for List
Kloke Investment Company
845 Omaha Nat'l Bank Building.
Phono Douf. 1150.
Are the Railroad
Stocks a Buy?
We suggested the sale of Mexi
can Pete at $150-60; Sugar at
$96 for $75; Crucible, we said,
would sell down to $55 by June.
Our 8UKKtions made good in
"Stock Market Opportunities"
Write for N-13 and read It.
She&SMand
198 Bf-oadsmNewrK
STEAMSHIP
CK ETS
And Tours
to
Europe
and all parts
of the World.
Trips via the
Great Lakes..
Foreign
Exchange
-3'
Investors' Stock Service
Tou should know facts before buying and
selling stocks. It pays to (tet expert adrlce
and guidance. SUPPLY AND DEMAND al
ways govern prices In the end. When 8UPPLY
exceeds DEMAND stocks decline; when
DEMAND exceed. SUPPLY they advance. I
have discovered a Tune Factor which enables
me to determine when stocks wlU reach high
or low levels.
THE SUPPLY AND DEMAND LETTER
keeps you advised as to the beat stocks to
buy or sell according to statistical and tech
nlcal conditions. Last Tuesday's letter said:
"Buy Mexican Pete at the opening Wednes
day morning and risk three points on It"
The stop was not caught, and Mexican Pete
rallied 13 points Wednesday. Such accurate
advice is this Is not guesswork, but Is based
on a srientlfio calculation that determines ac
cumulation of stocks. I also advised buying
Am. Woolen, Am. International. A. O. W.
Baldwin. Chandler. Studebaker. Crucible.
General Asphalt. Pan Pete and U. 8. Bubber.
They have all had big advances.
Many stocks are going higher, while others
frill decline. I will get you In right on aiy
selected list of the best slocks to buy. Wheat
will soon have a big advance. Cotton also
getting ready for a good move. Head $19
for one month's subscription to my Dally
Letter and I will advise you what to do with
stocks you now hold. My Annual Forecast
stocks for 1021 reduced to $25. Write for
copies of recent letters and newspaper com
ments on my accurate forecasts.
W. D. GANN
49 Broadway, New York .
Payne Company Sales
For Week Total $30,350
Six realty sales, totaling $30,350,
are reported by the Payne Invest
ment company for last week. They
are:
615 North Forty-third street, J. D.
Hamilton to George Welburn,
$6750.
Three lots, George Welburn to J.
D. Hamilton, $2,100.
2443 Crown Point avenue, Eugene
Atkins to Josephine Rrinker, $6,500.
2612 Taylor street, J. L. Caplan to
William Wilson. $3,800.
Cottage. L. R. Wilson to N. W.
Alshuler, $2,800.
2869 Vane street, R. L. Ratekin to
Victor Zucker (through Walsh
Elmer company), $8,400.
Old Drexel Home to Become
Connell Hospital Addition
The old Drexel home at Tenth and
William street, sold a few days ago
Peters Tkusj Company
Peters National Bank,
A Strong Bank Statement
ALBERT I SCHANTZ, President
J. H. DONNELLY, Cashier
The State Bank of Omaha
Our Semi-Annual Statement
Report of Condition at Close of Business '
June 30th, 1921
RESOURCES
Loans and Dis
counts $3,674,217.67
Bonds 312,408.63
Furniture and
Fixtures .... 30,000.00
Overdrafts .... 150.40
Cash 1.326,647.30
Total $5,343,424.03
All Deposits in This Bank Are Protecteth's the De
positors Guarantee Fund of the State of Nebraska
WE INVITE YOUR BUSINESS
Four per cent paid on Time Certificates
Three per cent paid on Savings
THE LARGEST STATE BANK IN NEBRASKA
I Gmaha Stock &
I
250 Peters Trust
Dividend-paying preferred stocks of the best Local Corporations
are today selling: at bargain levels. Our listings include many
excellent stocks and bonds priced to yield from 7s4 to 12.
I
I The present is very opportune to average down your
holdings and to provide high income yield for the future, i
Ask for our
I r i Ci . r .
Local oiocies , roreign.cxcnansc Lsonas ii
V
Cjri.
Insure an Income
Place your surplus funds in good Bonds. There
is no investment that offers greater assurance
of a dependable, steady income.
In our July circular are listed many high-grade
Bonds which we offer with our unqualified rec
ommendation. These include:
Yielding
RAILROAD BONDS 6.70 to 8.25
CORPORATION BONDS - - - 6.60 to 8.75
MUNICIPAL BONDS (Tax Exempt) 4.75 to 6.38
FOREIGN GOVERNMENT BONDS 7.93 to 8.80
Denominations $100$SQ0$1 ,000
Every investor and prospective investor should have this circular.
Write or phone for a copy.
JstpBroltiifK
feComrjanv tJ
INVESTMENT
BANKERS
feorapay U
H. E. HARRIS,
701 Peters Trust BIdg.
bv E. M. Slater to Dr. Karl Con
nell for $15,500, wa purchased by
Mr. Slater last year for $11,500,
The property is 120 feet on Tenth,
120 feet on Eleventh, and 217 feet
on William street Mr. Connell will
use the ground for an addition to the
hospital which he controls at that
location.
Dancing Academy Leases
Food Center Second Floor
The second floor of the Food
Center building was leased last week
to the Keep Dancing academy for a
term of five years. The lessee will
take charge August 1. While the
rental figure is not made public, it
is by far the highest ever paid by a
dancing academy in Omaha.
The leased space will be reniod-,
eled throughout and made up-to-date
by E. M. Slater, C D. Glover and
W. G. Spain, who control the build
ing under a long term lease.
The lease was made by the Payne
& Carnaby company.
71"
Tax Free
in Nebraska
E consider that there
is no finer investment
today than a Ne
braska First Mort
gage Farm Loan
made on pre-war
valuations. Avail
able in amounts
from $100 up.
Atk for Detailed
Offerings
A. A. NELSON, Ats't. Cashier
C. L. MURPHY, Ass't. Cashier
LIABILITIES
Capital Stock ... $ 300,000.00
Surplus 100,000.00
Undivided Prof
its 3,857.80
Depositors' Guar
antee Fund . . 26,832.24
Bills Payable ... None
Deposits 4,912,734.01
Total $5,343,424.05
Bond Company i
BIdg., Omaha, Neb.
ll
l
I!
,1
quotation sheets. , I
r 1 rt ? I
-it
- jV
OMAHA.
KANSAS CITY
Res. Mgr.
DOuglas 6816