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About Omaha daily bee. (Omaha [Neb.]) 187?-1922 | View Entire Issue (July 17, 1921)
THE BEE: OMAHA, SUNDAY, JULY 17, 1921. - la a Mexico to Push Development of V Its Silver Mines ploitation of Minerals Than Any Since So journ of Spaniards. By HOLLAND. Blarney Stevens is perhaps more wiueiy Known as a writer upon min ing and associated subjects than he is as a practical mine operator. His work appears in several of the text books which are used in colleges and institutes of technology. He is regarded as high authority upon these subjects. But the operators of the great silver' mines of the world esteem Mr. Stevens as one of Jtie most successful of mine opera nors. He has been for 10 years the con sulting engineer of the very rich V.:i-on silver mine in Mexico, south west of Mexico City. He was in this important post while several revolu tions were in progress. He became familiar not only with the economic possibilities of Mexico but also with the poltiical situation. He is there fore qualified to speak as one of high authority upon conditions in Mexico. Mnlee At Peace. Market, Financial and Industrial News of the Day Chicago Grain Mr. Stevens cam to Nsw Yorlt recently expecting to make a short sojourn there then to return to Mexico. He said that It It the belief ot all who are familiar with affairs jn the Mexican republlo that the present government will be able to maintain Internal pvace. In fact for the first time 1 since the administration of Porflrlo Dlai. there Is so little for the army to do that it can now be Instantly concentrated so as to suppress any out break. Mr. Stevens says that President Alvaro Obre(on unquesilonahly Inherits the strong hand and. the sincere purpose of llax. It, however,' remains to be shown ly him that he also Dosgessos the tact and fore- "i.h nruii;ii tiiainLiri in i mj u. i' ... In the development of the resources which are rich almost beyond the power of Imagination to picture, Mexico will try to overcome the fact that by reason of revo lutlon the republlo is 10 years behind the rest of the world. In these 10 years united Htates has exploited the American mines and there now remain few new properties to be developed or old ones to X u renauimaieci. 1 Not So With Mexico. In these 10 years Mexico haa rested, not carrying: on to any great extent the devel opment of her very rich silver mines. To . day, If permanent Internal peace can be ' assured, and the proballlltles tire that It will be. It Is the expectation that Mexico will soon begin a new and greater period ii f mineral exploitation than any other since the Spaniards worked ' the silvor lnlnpM. Mexico owpb Its mining reputation to sliver. It was silver which excited the Spanish -conquerors and led to the rapid occupation of the country, Mexico has good reason to hope that the development of her sliver mines will be unparalled since the days of the Span lards. It Is not generally knows) that Mexico Is the principal silver producing country of the world. In the United States silver Is chiefly obtained as a by-product from the copper mines. But in Mexico there are many real silver mines which are capable of being exploited. ITp to the present time Americans have pot taken the lead tn the exploitation of Mexican Silver. We have been more ln- i.icbidu ill ur wcniFin Hn.i. win ores are complex and require heat metal lurgy. This has entailed large expense so thst at times profits have been almost completely absorbed by smelter charges. World's Silver Storehouse. But In the south and central parts of Mexico, and especially In the vicinity of Mexico City, the world's creat storehouse of silver exists. Each silver mine with Its cyanide mill or treatment plant con stitutes a unit which Is absolutely Inde pendent. The ore Is obtained from the mine and converted Into silver or silver gold bullion In the form of bars and these ere sold tn Mexico City at the prices of the world's market. The largest of sev eral companies In the Parhuca district Is now American owned, being a -ub-com-pany of the United States Smelting and Refining company. Guanaluato, which Is How a low-grade camp, is chiefly In the ownership of American companies, but the lmnnrtant gold and silver mining dis trict of El Oro Is In almost entirely In the i possession of British and French com panies, i Jn the state ef Jalisco there are two American companies operating silver mines. The managers of the companies which are now operating silves mines In Mexico recognize the unequalled opportu nity for the opening of new mines, pro vided only Internal peace prevails throughout Mexico. These managers are confident that the quiet of past five or six months points to the beginning of a new era of peacs and. prosperity in Mex ico. What Government Doing. The Mexican government, now realizing how important-a factor In the establish ment of nrosnertty In Mexico the opera tion ot the mines is sure to be. Is now giv ing every encouragement to the silver mining Industry, Including an Important scaling down of taxes and the remission of all Import duties upon mining supplies and machinery. fanv mines were shut down when the revolutions were in progress. Some of these are speedily to be opened and will be when the ' necessary capital Is found. In soma of the mines very large quan tities of silver ore are known to exist. For example, the R I neon mine in the state of Mexico .flourished until revolutionary bands took possession of It. These ma rauders flooded the mines an, burned the smelting plant. But in four years previous the profits were nearly 150,000 and there was over a $1,000,000 in ore ready for treatment. This mine is one of the two or three richest In Mexico. It wss able to produce silver at a cost less than 30 cents an ounce. Its deepest part is only 000 feet below the surface. When this mine is pumped out and the refineries are again put In operation the mine will probably yield S.000.000 ounces a year. There are two or three other mines of which like reports could be made. Ail that remains is the demonstration that permanent internal peace Is secured and friendly and cordial relations with the United States established. If these condi tions are met with Mexico will within five ?eara be adding to the world's sup ply of silver. Omaha Hay Market. Prairie Hay Receipts somewhat heavier with eonstderable movement of new eroo ay. Demand draggy. Airaira neceipia, usni, - assaana ugni; prices lower. Btraw No reeetptt; nominal demand. Upland Pralrta Hay No. 1, flO.SOO 11.60; No. J. ll.5O0t.SO; No. t, J.00 I. 00. Midland Pralrio Hay No, 1, 110.00 II. 00; No, 2. IT.50ei.00; No. I, lt.50 7.60. Lowland Pralrta Hay No. 1, 17.80 a KA tin t tA RAes7.R0. ' Aifalfa Choice. 17.0llt.0l; No. I tU.00OM.60; standard, S13.0014.00; wo. i, S8.00eil.00; No. 3, I7.00OI.00. Straw Oat. 11.00 fff.00; wheat. 17.000 S.0O. . . Kansas City lira Stock. Kansas City. Jnly 18. (TJ. S. Bureau of Markets Cattle Receipts. 360 head. Mar ket for week: Beef steers, fat she stock and bulls, mostly 26fi0c higher: calves, 60e higher: atockers and feeders, mostly lt25o higher, some stockers up i&tsuec; stock cows and heifers, steady to strong. Hoas Receiots. 00 head: market, ac tive, 100200 higher; beet J! I to MO-lb. averages ir shippers, 1O.1S01O.35: pack er top, S10.lt; bulk ot sales, (10.000 10.35: packing sows and pigs, steady to strong. - Sheep Receipts. 300 head. Market for week: Sheep, Z505OO higher; . lambs, steady to 35c lower. . St. Joseph live Stock. 6t. Joseph, Mo.. July It. Cattle Re ceipts! 200 bead; market, nominal: steers, ll.5O0t.5O; cows and heifers, $4.5001.50; calves. St.OO0t.6O. Hogs Receipts, 3.000 head: market, 10 0 26e higher; top, (10.15; bulk ot sales, t.5O01.t6. Sheep Receipts, too - head; market, nominal; lambs, f.:601O.76; ewes, (4.000 4.50. . ... By CHARLES D. MICHAELS, Chicago Tribune-Omaha Bee leased Wire, Chicago, July 16. Weakness and lower prices for wheat and strength and a good advance in corn and oats attracted attention in the grain mar kets today. The finish on wheat was at nearly the lowest, with losses of l2c, while corn was up l42c, oats iiaiifoC, and rye unchanged to yzc lower tor the day. The most sensational news came from Russia, tut it was like the crop news from the northwest and had little effect. It was a construction week in all (Trains, with broadening trade and a close well toward the best figures. Net gains for the week were 11 134c on wheat, 39i5c on corn, 4W5fc on oats, 13J4 16c on rye, and 6c on barley. Provisions moved up sharply, with an increased trade, lard Raining 90c$1.00; short ribs, 32K37jc, and pork 35c, compared with a week ago.. The foreign situation in wheat needs close watching. Cables from Russia were the most alarming of the season. Drouth and , famine prevail in central and southern Rus sia and crops have been lost, owing to intense heat. This removes Rus sia from the export class for this season, as had been expected by many close students ot the wneat situation. Itlack Bust Reports. Black rust and blight reports from Manitoba and North Dakota, sent in by Snow and Le Count, were regarded ni bullish, but the trade has had had re ports all week and Is getting tired of them, so that only the most sensational count as a strong constructive prlce-mak-Ing factor. Traders on the whole, while favoring higher prices, were more Intent on obtain ing profits, than on making new commit ments and a general selling movement was on, with September sold by the largest aollers of Friday, while commission houses furnished the buying. A good business wss on, with : buying of December and selling of SeDtember at 40 difference, and selling of September and buying of July nt n, difference. At the top July wss '1.32, while the finish was 1.20DU2tt. September touched $1.3.1 4 snl reacted 2 4c, and December, after selling at (1..17H, was off 20 at the finish. Seaboard houses ware good buyers and there whs a fair export trade ,wtth no figures mentioned. Export inquiries here were numerous, but no sales were reported, although millers took 21,000 bushels. Primary receipts for the week at 12.000.000 bushels were the largest at this time In more than five years and 6,814,000 bushels more than last year's. I-ocal Traders Active. Local traders with corn sold and wheat bought were active In closing them. This advanced corn and depressed wheat values. The finish on July corn was 6614c, Sep tember, and December, 62c, or a slight recession from the top. Crop news was not especially changed from that of lute, with reports mixed. News was not necessary, when the large volume of local buying was considered, as it made the market. The week's movement suggests a decrease in stacks for the week, al though there are large supplies on track. An active buying was on in oats, with an advance to the best prices on the pres ent upturn, all futures being above 40 cents. Scarcity of foodstuffs abroad and a probable increase in the export trndt were features. Shorts were active buyers. Rye was hard to buy and July sold at i'ia over wheat, an unprecedented condi tion at this season. Top prices were not entirely held. t Tit Notes. Traders are moderately bullish on wheat and are disposed to buy on good setbacks. The outside Interest has Increased and many of the local professionals were active on the weak spots today. They do not expect the market to run away for the present, but the majority are dis posed to buy on breaks, weatner conai tlons are a big factor and crop news la being watched closely. Those who are figuring on a nig move ment of wheat from first hands are in- clined to be bearish and are selling tne September. Orders for cars have increased and some of the roads are snort. ine Rock Island has closed 22 houses in Kansas and Oklahoma, owing to a car hortasre. Kansas City mills made 106.000 barrels of flour the past week, a new high figure, showing an increase ot 10,400-barrels over the nrevious week and about twice as much as last year. Mills there report Good rains are reported in India and the soil Is in much better condition than at this time last year. A board of trade membership sold Sat n,av nt xs .200 net in the buyer. a nrivata cable from Germany indi cated the crop situation In that country was Improving, altnougn mere nave u no rains reported. England was reportea as offering wheat to Germany on credit. The Tvinvemen t of corn Is expected to fl short and stocks to decrease. This waa nnrt of the basis for part of the hii.inv ndnv A number of shorts covered and at the same time sold out their hold ings of wheat. A number of local traders have taken h xnnatrurtiv nida of the oats market and yesterday was the first time they had any encouragement In the way of help from the outside. There appears to be a shortage in supplies nearly every In the United States, ana retirements from abroad are expected to be a big factor later In ths season, Live Stock Receipts were: Official Monday ... Official Tuesday .. Official Wednesday Official Thursday . Official Friday .... Estimate Saturday Six days this week Sams days last week. July It. Cattle Hogs Sheep . 6,626 ,01 13,53 . 6.666 t.147 11.47 . 4.221 10.77) 6.717 , 6,1(4 1.11 6.050 . 1.823 11.424 6.77 60 10,600, 200 .20.591 61.176 45.77 .14,266 10,673 66.147 Same dava 1 w'ks ago 20.222 72.016 44.1 Same days t w'ks aso 27.896 76,523 46,81 Sams days year ago... 19, 267 63,166 62,610 Reeelnta and. dlsDosltlon of lira stock a the Union stock yards. Omaha, Neb., for 26 hours, ending at 1 p. m July 16, 1121 RECEIPTS CARS. Cattle. Hogs Sheep Wabash R. K i Union Pacific R. R 1 28 C. & N. W. Ry., east 17 C, A N, W. Ry., west 60 C, St. P., M. & O. Ry 3 C, B. & Q. Ry., east 7 1., B. & Q. Ry., west 10 C, R. I. & P., east 26 Illinois Central Ry 2 0 O. W. Ry 1 Total receipts 3 151. DISPOSITION HEAD. Hogs. r.. 1,63 ... 2,42 610 Armour A Co Cudahy Packing Co Dold Packing Co Morris Packing Co 1,68 Swift & Co 1.62 J. W. Murphy 1.868 Swarts ft Co 75 Other buyers 74 Total 10,796 Cattle Not enough cattle to make market were received today, only 50 head being reported in and trad was quoted as nominally steady. All kinds of Killing oattle sold higher again this week and steers are closing 2606Oo above last Fri day, or the highest In about two montns, Cows and heifers are 6076o higher for the week and a dollar higher In the last 10 days. Stockers and feeders are showing a little more activity though receipts are still very light. Hardly enough westerns are coming as yet to establish Quotations, Quotations on Cattle Choice to prime beeves. $8.60(88.80: good to choice beeves, f8.OO08.4O; fair to good beeves, 67.600 8.00; common to fair beeves, 17.0007.60; rhnlr. to tirlme yearlings. is.oeenv.uu mod tn choice vearllngs. 38.1508.60: fair to gocd yearlings, 17.4008.00; common to fair yearlings, $6.5007.25; cholcs to prime heifers. I7.oosn.ov: gooa to cuuiuo heifers, $6.0007.60; choice to prime cows, 1A.40AT.00: good to choice cows, IS.76W l is- fair to good cows. $4.7606.60; com- fnon to fair cows. 81.7604.26; good to nhnlca feeders. 18.267.00: fair to good feeders, $6.3506.00; common to fair feeders. 84.60(85.26: good to choice stockers, $5.7606.60; fair to good stockers, $5.0005.75; oommon to lair nucini, ii iuihiiM' atnr-lr heifers. $3.60 K 5.60 ; stock cows, $2.7604.00; stock calves, $4.00 07.00; veal calves, la.uuwiu.ou; uuu, stags, etc.. $3.7607.00: cnolce Deeves, $6.7607.26; common to lair grass ueevr., $4.6006.60; fair to good . grass beeves, Hogs The week closed with a liberal run for a Saturday, estimates caning joj 10.600 head, making a total 01 . head, about the same as both a week ago and a year ago. Saturday's market opened with a strong demand for light hoe-a at tirices generally Biruug w higher, best light selling from $9.90 10.10 with a top of $10.20. . Best mixed inort. unit llrht butchers also sold well, Kf H.m.nH fnr henvv mixed and heavy nackers wss very poor, strong weignis selling around steady to 10c lower and heavy packers as much as 25c lower. Bulk of sales was ss.yuviiv.vv. HOGS. Pr. No. A v. Oh, $8 60 54. .313 No. Av. 48, ,329 89, .318 63. .281 63. .276 3K..301 64. .27 36. .285 56. .306 62. .238 66. .254 66. .206 65. .257 77. .208 24. .161 70. .218 Sh. 70 110 110 110 40 40 8 75 8 85 00 9 15 9 25 t 36 9 50 9 60 9 70 9 80 9 90 10 00 10 10 10 20 54. .313. 52. .341 62. .305 69.. 251 33.. 259 66. .284 64. .256 67. .242 74. .231 68. .243 65. .232 74. .214 72 214 70 40 70 "70 "ii 40 120 40 Pr. $8 65 8 65 8 90 9 10 9 20 9 30 9 40 ; 9 65 9 65 9 76 9 86 9 96 10 05 10 16 CHICAGO 'CLOSING PRICES. By Updike Grain Co. DO. 2627. July 16. Art. I Open. High. Low. I Close. Yes. Turpentine mad Bosln. Savannah, Ga., July 1. Turpentine Quiet, 60c: sales, 63 bbls.; receipts, 357 bbls.; shipments. l.tJl bbls.; stocks, ,119 bbls. - Rosin Firm; sales, S5T casks; receipts, 1.S83; shipments, 3,(71; stock, 67,47 casks. Quote: B. D, F. $3.70; O, $3.76; H, $186; I, $3.90; K. $4.16; V, $4.46; N. $4.80; WO, $5.66; WW7$t.0. - 'ew Tork Frodaee. h Tork. July 16 Butter Steady ; creamery, higher than extras, 4204Sttc; extras, 41041He; firsts. 849Hc Eggs Weak; fresh gathered, extra firsts. 36037c; firsts, 11014c. Cheese Steady: state whole milk, flats, fresh specials, 2002014c; twins. 3O02OHC .Live POUltlrV SteadV and nnAk.nr Dreesed Poultry Steady; eld roosters, 1 1 I t02K: turkeys. It 066c. . IU Wht. July Sep. Dec. Rye July Sep. Corn July Sep. Dee. Oats July Sep. Dee. Pork July Sep. Lard July Sep. Ribs July . Sep. 1.31 1.30H 1.32H 1.83 1.36 1.37 1.33 1.18 -63 ...... .63 54 .61 .61 .40 ,.41M .41 .43 .43 18.68 18.90 11.93 12.1S 11.20 1.32 1.33 1.37H 1.84 1.19 'A .(5 ".uk ".it" .40 U .42 .45H 1S.60 18.90 1J.00 13.20 11.26 ' 1.19 W i.:o4 1.34 1.31 1.13 .63 .Vt" .61 .31 .41 .43 18 55 11.86 ll.tl 13.02 11.17 1.19 ti 1.31 1.30 1.35 1.34 1.3J 1.19 .45 "ii" .62 .62 .40 .41 .42 .45 18.66 11.86 12.0S 12.17 12.23 1.30 1.31 1.33 1.32 1.37 1.36 1.33 l.lt .63 .68 .62 .61 .60 .t .41 .41 .48 .43 18.56 18.71 11.86 U.t6 11.M 11.17 Minneapolis Grain. Minneapolis. July 16. Flour .850 10.25. Bran $14.00015.00. . Wheat Receipts. 147 ears, compared with 139. cars a year ago. Cash No. northern, $1.54 01.60: July, 1143; Septem ber, $1.33; December, $1.37. Corn No. 3 yellow, 64055c Oats No. 3 white, 3737c. ' . Barley 59 0 68c. Rye No. 2, $1. 2791. 2t. Flax No. 1, $1.9301.94. Xmhi ntv Grain. Kansas City. Mo.. July 16. Wheat- July, $1.20: September, $1.20; De cember, $1.24. Corn July, 61c; September. 65c: December, 65c. St. Louis Grain. St. Louis, Mo., July 16. Wheat Juty, $1.26 bid; September, $1.17 bid. Corn July, 60s bid: September, tie bid. Oats July, 40e; September, 41c bid. New Tork pry Goods. New Tork, July 16. Cotton goods mar kets held steady. Trading was lighter for the short day. The Amoskeag company offers 82-tnch staple and fancy ginghams for spring 1923 delivery on substantially the same basis as current values. They will be for the Jobbing and cutting trades. Burlaps continued quiet and somewhat easier. Knit goods showed little change. There were reports current of earlier open ings on wool goods than have been talked about. TEXAS OIL NEWS FREE PRODUCTION REPORT Givea names of all oil companies having producing wells, number of barrels produced and revenue received from oil. Also special Information on Trans-Pec oa Oil fields. Write for free copy today. SCHIMMEL ex CO. Suite $17, Neil P. Anderses Bldf, Fort Worth, Tea. . Sheep There was the usual light run of sheep and lambs for a Saturday with the market nominal. The week openea with a strong demand for western lambs, reaching a top for the week of $11.00. Prices slumped late Wednesday and Thursday, part of this decline was re gained Friday, the market closing around 10015c lower than last week, witn west erns soiling around $10.60010.70. Natives around $10.00 and clipped lambs at $8,600 8.10. The demand for feeders has been good, showing an advance of around 75c for the week and are now quotable around $6.76 and possibly higher. Sheep are firm. Quotations on sheep and lambs: Spring Iambs, western, $9.60010.70; spring lambs nstive, $9.00010.26: spring lambs, native culls, $4.5006.00; shorn yearlings, $5,250 7.60; feeder lambs, $5.5006.75; feeder yearling wethers, $4.0004.76: shorn ewes, $3.0004.75; culls, ewes, $1.0002.60. Chicago Live .Stock. Chicago, July 16. (IT. S. . Bureau of Markets.) Cattle Receipts 600 head. Market compared with . week ago: Beef steers 25o higher; other grades steady to unevenly lower; canners mostly 25c higher; bulls, 60c higher; veal calves, 60075c up; Btocker steers, steady to 26a higher; feeders, dull. Hogs Receipts, 5,000 head; market, ac tive, 15025c higher than yesterday's aver age; fairly good clearance; top, $10.50; bulk better grades, $10.00010.50; bulk packing sews, $8.8509.25; pigs, 1025o higher. Sheep Receipts, 4,000 head; market practically all to packers direct; com pared with week ago, fat lambs, 76c0 $1.00 lower; cull, natives about steady; yearlings, around 25c lower; sheep, strong to 25o higher; feeder lambs, 25c higher. Slonx City JJve Stock. Sioux City, la., uiy 16. Cattle Re ceipts, 100 head; market steady; mostly 60c to 70o higher than a week ago; beef steers, $6.6008.36; fed yearlings, $6,500 8.76; grass cows, $3.5005.00; fat cows and heifers, $4.0007.75;, canners, $1.0001.00; veals, $6.0001.50; calves, $3.0006.00; feeding cows and heifers, - $2.6004.76; stackers and feeders, $3.6006.60. Hogs Receipts, 4,600 head; market shippers, 10c to 15c higher; packers, steady; light, $9. 85010.15c mixed, $9,250 9.85; heavy, $8.6009.25; bulk ot sales, $8.75010.00. Sheep and Lambs-'-Not quoted. Financial By ALEXANDER DANA NOYES. Chicago Tribune-Omaha Bee leased Wire. New York, July 16. The mid summer character of the stock mar ket recently was intensified today to a point that trading brought a turn over of only 109,000 shares, the smallest volume of business that has been recorded on any day since Au gust 11, 1918." For the most part, fluctuations in prices were within narrow limits and at the close such changes as were recorded were in fractions and in themselves meaning less, as related to the industrial sit uation. The signs have been appar ent for some time that the market was drifting into a period of quietude such as has not been seen in many months. Aftermath of Boom. There is more than merely the seasonal situation to account for tne conamon, That which is taking olace is the after math of the big rise in prices in 1919 and the subsequent decline which has carried quotations to levels in many instances that are lower than those prevailing at any time since early in tne war penoa. With oublio Dartlclpatlon in the market absent In anything other than moderate Investment buying, there is apparently getting to be a monotony which is tn fluenclng even the operations of pro fessionals who, until recently, have been meeting . with success in driving f rices down. The exchange market today presented no new elements and trading was on a restricted basts, but with some degree of heaviness apparent. . The statement of the New Tork as sociated banks la of Interest in that II shows loans and discounts of $4,446,048,000. the lowest recorded since tne ngure 01 $4,428,325,000 on August 31, 1918. At the outset of this year loans and discounts stood at $5,220,197,000. The tendency since then has been steadily downward, but during the middle of June the trend was temporarily broken by an advanoe in loans, apparently for the purpose of taking care of the July requirements. A week ago loans were $4,601,355,000. New York Cnrb Stocks. The following quotations are furnished by Logan & Bryan: Allied Oil 3 0 4 Boston Montana 68 0 69 Boston Wyoming 61 0 63 Cosden Oil 6 0 .6 Consolidated Copper 10 1 Elk Basin ( Olenrock Oil 82 90 Island Oil 20 Merrlt Oil ; "S..5 Midrtfest Refining Co.. iza Sliver King of Arizona 10 0 20 Sanuloa Oil 3 ..... Slmms Petroleum S4 Tonopah Divide 80 0 82 U. 8. Steamship 26 0 28 U. 8. Retail Candy 60 6 White Oil 1 0 Foreign Exchange Bates. following ara today's rates of exchange as compared with the par valuation. Fur nished by tne meters wauonai "n". 1 HI VHl. J Austria ?? Belgium Canada l-JJ Czecho-Slovakia -2J England ?. France 4 J Germany ?? Greece ' " Tinlv Jugo-Slavla Norway .27 Cn.rfan 2 1 Switzerland 196 New York Quotations Hangs of prices of ths leading stocks, furnished by Logan 4 Bryan, Peters Trust building: RAILS. Fr. High. Low. Close. Close. A. T. 8. F. .... 82 82 82 81 Baltimore & Ohio 17 $7 $7 37 Canadian; racifie l tt 66 13 12 13 3 It .0017 .0764 .8810 .1670 .0363 .0782 .0135 .0556 .0453 . .0068 .1345 .2120 ' .1655 Chicago Stocks. The following quotations are furnished by Logan & Bryan: .... Armour & Co. pfd '? Armour Leather Co. common JJJj Armour Leather Co. pfd v Commonwealth Edison Co 109 Cudahy Packing Co. common 60 Continental Motors Hartman Corp. common..., Llbbv. McNeil & jLiDDy Montgomery Ward Co National Leather Reo Motor Car Co......... Swift 'C0 Swift International Union Carbide Carbon Co. 76 7 17 7 17 90 34 42 New Tork Cotton. Tork, July 16. Cotton New Tork, July 16. Cotton prices started 4 to 9 points higher on buying oy Wall street Interests and shorts, bssed OO huiiish week-end statistics and improved textile situation. Wire ana spot nouses sold on better weather news from tne belt, and this caused values to ease a littla nftap the onanlne:. The market was quiet nut iirmer ine in the morning on coverings ana a mno trade huvlne. with October selling up to 3.07c. The close was witnm a tew puma of the best, with the tone firm at a net advance ot 6 to 16 points. ' ' Libert v Bond Prices. New Tork. July ; 16. 'Liberty bonds closed: 86.46: first 4s. 87.14 bid second 4s. 86.90: first 4s, 87.24; second Ms. 8G.98: tnirtl 4tts. si.iz iourtn i 7.16; Victory 3s, 98.32; Victory 4s, 98.28. T.inseed Oil. Duluth. Minn.. July 16. Linseed On track and to arrive, $1.98. A H 17 Ry.. 71 14 67 31 76 11 2 4 19 17 Tl t 4 19 17 71 108 68 63 18 47 11 34 19 71 63 34 66 30 7t 19 36 117 117 117 117 7 34 66 30 75 19 34 67 30 76 II People Who Trade in Grains secure expert advice en marfcetwlte factors upon which future prices depend by subscribing for my Daily Grain Advices which forecast coming market moves with astounding accuracy. My advices tell you what the market will do and not what It hat done FREE COPIES of my Dally Grain ' Letter Service will be sent on trial for one week to prove value to you. 5nf for same today. ' POWARD'S GRAIN SERVICE Dept. O-B, 443 Webster Bldg.. Chicago GRAIN 117E solicit your consignments of all kinds of grain to the Omaha. Chicago, Milwaukee, Kan sas City and Sioux City markets. We Offer You the Services of Our Offices Located at Omaha, Nebraska Lincoln, Nebraska Hastings, Nebraska Chicago, Illinois Sioux City, Iowa Holdrege, Nebraska Geneva, Nebraska. Des Moines, Iowa Milwaukee, Wis. . Hamburg, Iowa , ''Kansas City, Mo. Get in touch with one of these branch offices with your next grain shipment. . . . The Updike Grain Company "The Reliable Consignment House" N. T. C.ntral Ches. ft Ohio ... Krle R. R tit. Nor., pfd.... Illinois Central . Mo., Kan. A Tex K. C. Southern . Mo. Pacific .... N. T N. H, Nor. Paclflo Chi. A N. W Penn. R. R Reading Co C., R. I. A P. .. Southern Pao. Co Southern Ry ... Chi., Mil. A St. P union Paclfio Wabash STEEL. Am. Car A Fdry.ltS Allls-Chalmers ..11 Am. Loco. Co.... 80 Utd. Al. Stl Corp. 26 Bald. Loco. Works 73 Beth. Steel Corp.. 46 Colo. F. A I. Co Crucible Steel Co.. 63 Am. Steel Found.. .... Lacka'a Steel Co.. 37 Mid. Steel A Ord.. 23 Press. Stl. Car Co. .... Rep. I. & Steel Co. 45 U. 8. Steel 72 COPPERS. Ana. Cop. Mln.... 37 Chile Copper Co.. 10 Ctuno Copper Co.. .... Iiisd. Cons. Cod Kennecott Copper Miami Copper Co. Nev, Cons. Cop. Co Ray Cons. Cop. Co. 12 Utah Cop. Co 47 INDUSTRIALS. Am. Beet S'r Co A.. O. ft W. I. 8. 8. 22 Am. Int. Corp Am. Sum. Tob. Co. 46 Am. Tel. A Tel... 108 Bosch Magneto .., American Can . . . Chandler Motor . , Central Leather ., Cuba Cane Su. .. Cal. Packing Corp, Cal. Pet. Corp. ... Corn Prod. Rfg. .. Flsk Rubber Co. . Gen. Electric ....110 119 120 120 Ot. Northern Ore. 17 tin. 27 10 iu 19 20 123 123 121 31 31 31 80 80 St 25 25 .... 72 73 72 46 46 45 36 52 63 62 26 37 37 37 23 23 22 71 44 45 46 7 72 71 .8. 36 36 87 10 10 10 .. 23 83 19 19 19 30 20 .... .... .... 11 13 12 12 47 47 47 Omaha Grain 27 21 22 33 33 32 32 45 46 45 103 103 103 84 34 84 84 26 25 26 25 4 4t 49 49 86 $6 36 35 8 3 8 8 61 67 67 67 34 33 34 34 65 15 66 .... 11 11 11 11 Oen. Motors Dnodrlch Co. Int, Harvester ... 7$T U S. Ind. Al. CO Int. Nickel Int. Paper Co, 60 Island Oil 2 A J ax Rubber Co. . 20 Kelly-Springfieid 3 ft Keystone Tire Internet Mer Mar Mexican Pet'leum.104 103 10 10 .... 29 73. 73 60 2 20 36 $0 2 20 86 13 61 2 3U 11 11 104 103 lUlrMl. Stetea Oil. 11 10 11 11 Pure Oil . Co 26 25 26 26 Willys-Overland... t ' Paeiflo Oil Pan-Am Pet, Trao 49 48 49 49 Plerce-Arrow Moti 16 It 18 18 Royal Dutch Co.. 66 64 65 65 U S Rubber Co.... 49 48 49 49 Am Su Rfg Co... 67 66 66 66 Sinclair Oil A Rf 20 20 20 20 Sears-Roebuck Co 64 ( Stromsberg Carb. 80 30 80 30 Studebaker Corp.. 79 78 79 79 Tob PdCtS CO 54 64 64 64'A Trans-Con'tal Oil. 7 T Al Texas Co 33 33 33 331, Wilson Co.. Inc 31 West'gh'se Airbrake 88 88 88 Western Union.... 8? 82 81 . 82 West'gh'se El, Mfg 41 v Am Woolen co... i . Total sbarss sold, 111,30V. Money Friday's close, 6 per cent. Sterling Close, $3.63; Friday's close, $3.62.. -c Chicago Potatoes. ' Chicago, July 16. Potatoes Receipts, 36 ears: market steady; Virginias, 16.00 5.35 per bbl.; North Carolina Whits Rose, sacked, $2.70 cwt- July 16, 1921. Receipts of wheat today were lib eral with 293. cars, against 21 cars a week ago and 59 cars last year. Corn arrivals today were 39 cars and oats 23. Wheat prices were generally 3c to 4c lower. Corn ranged Vic to lc higher. Oats were. 154c higlurr for the bulk.' Rye and barley prices were nominal. ; WHEAT. No. 1 hard: 1 ear. $1.80 (choice); 1 car, $1.16; I ears, $1.24; 1 car, $1.33; 1 car. $1.32; S ears, $1.31; 13 oars, 11.20; 1 car, $1.19. No. t hard: 1 ear, $1.85 (dark); t-l ear, $1.10 (dark); 1 car, $116 (smutty); 1 car. $1.24; 1 car, $1.23: 16 cars, 81.20 It ears, $1.11; 1 car. $1.18; I cars, $1.18 (yellow); 1 ears, $1.17 (yellow). No, 1 white: 1 cars, 66c. No. 1 white: 1 cars, B6e, No. 6 white: 1 oar, 61a. No, 1 hard: 1 car, $1.11 (choice); 9 cars. $1.11; 1 ears, $1.19 (yellow); 1 cars, $1.11; 1 ears, $1.1$ (yellow). No. 4 hard: 1 car, $1-21 (smutty); 2 cars, $1.18. No. 1 mixed: 1 car. 11.19: 1 car, $1.11. OATS. No. 1 white: 4 cars. 16o. CORN. No. 1 yellow: $ cars, 64c; 1 car. 64 o (shippers' wts.). No. 2 yellow: 1 car, 64c; 1 cars, 64o. No. 1 mixed: 1 car, 62c; 1 car, 62o. RTE. NO. 1: 1 car. 11.13. BARLEY. Rejected: 1 car, 65c CHICAGO CAR LOT Bonds and Notes Wheat Corn , Oats , Wheat Corn , Oats , Wheat Corn , Oats , RECEIPTS. Week Ago. 122 166 101 Tear Ago. 18 135 88 Today. 459 146 71 KANSAS CITT RECEIPTS. Week Tear Today. Ago. Ago. 642 432 318 . 80 30 22 11 1 ST. LOUIS RECEIPTS. Week Tear Today. Ago. Ago. 383 242 132 30 20 61 20 19 15 NORTHWESTERN WHEAT RECEIPTS. Minneapolis Duluth .... Total . Winnipeg . Today. 147 70 227 181 Week Ago. 247 46 293 187 Tear Ago. 139 61 190 117 PRIMARY RECEIPTS AND SHIPMENTS. Receipts Today. Tr. Ago Wheat 2,788,000 984,000 Corn 650,000 637.000 Oats 480,000 475.000 Shipments Wheat 1,081,000 548.000 Corn 1,281,000 330,000 Oats 423.000 408,000 EXPORT CLEARANCES. Today. Tr. Ago. Wheat (39,000 9,111,000 Corn 104.000 Oats , 100,000 OMAHA RECEIPTS AND SHIPMENTS. Wheat Corn Oats Rye Barley Shipments Wheat Corn Oats ; Week Tear Today. Ago. Ago. ..213 21 69 .. 39 27 86 .. 23 13 13 .. .. 1 - 8 .. 2 1.. ... 99 13 46 .. 63 61 41 ..16 9 I The following quotations furnished by the Omaha Trust company: Appx. Bid Asked Yld. Am. Asr Ch. Ts. 1941 95 96 7.90 Am. T. A T. Co. 6s, 1921 98 98 Am. T. A T. Co. 6s, 1924 99 96 Anaoonda 7s. 1929 92 93 Armour 7s, 1930 96 97 Belgian Oovt. 6s, 1941.. 99 100 llelslan Oovt TMs. 1946.100 101 Beth. Etecl 7s, 1821 97 98 British 5s, 1912 98 British 6 s. 1829 88 British 6s, 1937 86 C. B. A Q. JU'6S, 1988 98 C. C. C. A St. L. 6s, 1929 86 Chile 8s. 1941.... 96 Denmark 8s. 1945 100 101 French Oovt. Ss, 1946... 98 99 B. F. Goodrich 7s, 19S6. . 19 Gulf Oil Corn. 7s. 1933. 96 Jan. Govt. 1st 4Us. 1926 84 85 Jap, Gov't. 4s, 1831 69 69 Norway 8s, 1940 102 108 N. B. Tel. Co. 7s, 1941.. 100 100 N. T. Central 7s, 1930... 100 101 Packard 8s. 1981 96 95 Penn. R. R. Co. 7s, 1930. .103 108 8. B. Tel Co. 7s, 1925.,,. 96 96 Swift A Co. 7s, 1926 96 97 7.68 T.60 8.80 7.45 8.00 7.40 7.94 6.65 7.30 6.95 6.62 7.93 8.88 7.30 8.08 68 10.20 96 7.44 9.63 $.75 7.70 6 95 6.86 8.68 6.65 8.20 7.65 98 86 86 96 66 96 Omaha Stock & i Bond Company j l l Peters Trust Bldg., Omaha, Neb. I l I I WE BUY AND SELL Local Securities Liberty Bonds Foreign Bonds Foreign Exchange ASK FOR QUOTATIONS, I M Should these Stocks be Bought or Sold? PERE MARQUETTE R. R. BALDWIN LOCOMOTIVE MIDDLE STATES OIL INVINCIBLE OIL Read "Stock Market Opportunities" It's FREE Write for P-13 Shesffij&ilHarKi Asssierr Csasafs MMxtex. t 198 Broa&mNewtak Municipal Bonds Secured by unlimited tax ing power. Exempt from ALL Fed eral Income Taxes. NON-CALLABLE before maturity. Maturities, 1 to 28 years. YIELDING 4.75 to 6.38 Denominations, $500-$1,000 Circulars" Upon Request. U Company C 701 Douglas 6816 Peter Trutt Bids;. Farm Mortgages 7 39 Years of Loaning Experience Without a Los to the Investor. Write for List Kloke Investment Company MS Omaha Nat'l Bank Building. Phen Doug. 1180. CCO STOCK PRIVILEGES (1 OK W U L PUTS AND CALLS O I L 3 SO DAYS ODD LOTS , Best, safest way to trade. No meriftn. Calls possible, as risk is limited. Profits 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 Exchsnge.N.Y, 74 BROADWAY, NEW YORK Bee Want Ads Produce Results., RAINBOW OVERALLS World of wear in every pair. Union Made Sold exclusively at Philip' Big Store 24tk and O Street FARM MORTGAGES With the careful Investor safety is the first consideration. A Firsf Mortgage on a good Nebraska farm furnishes absolute stability; the security is there and -doe not melt away as events of the hour are disclosing. We have most attractive Mortgages and Farm Mortgage Bonds secured by first mortgage on highly improved farms in Eastern Nebraska, in denominations to suit; 7 PER CENT ANNUAL IN TEREST, tax-free in Nebraska. Interest collected and remitted without cost to investor. Affiliated With First National Bank. An Especially Attractive New Issue $225,000 THE HORD COMPANY 5-YEAR 7 FARM MORTGAGE BONDS Security 1st Mortgage on 6,337 Acres Merrick County, Nebraska DATED: July 1, 1921 Semi-Annual Interest DUE: July 1,1928 Exempt from Local Taxation V Callable after July 1, 1923, as follows: July, 1923, at 104; January, 1924, at 103; July, 1924, at 103; January 1925, at 102; July, 1925, at 102; January, 1926, at 101 V,, Bonds in denominations of $1,000 and $500. Begistenable as to principal. , ! United States Trust Company, Trustee x These bonds are a direct obligation of The Hord Company of Central City, Nebraska, and are guaranteed, principal and interest, by the majority stockholders thereof, Heber Hord, Sara M. Hord, Edna Hord Jttchardson and W. E. Richardson. They are specifically secured by a first mortgage on 6,377 acres situated in Merrick County, Nebraska. Valuation of Mortgaged Lands Appraised valuation of land ...$ 985,075.00 Appraised valuation of buildings 138,950.00 Total valuation ....1,124,025.00 , Total loan 225,000.00 The major part of this land is located in close proximity to Central City, Nebraska, the' county seat of Merrick County, a thriving city of about 2,500 population. Our appraised valuation of the land, $985,075.00, is very conservative, amounting to only, $154.00 an acre. This land is virtually all under an excellent state of cultivation, well improved and highly-productive. It has been successfully and profitably farmed for years, the principal products being corn, wheat, oats, alfalfa and hay. This total loan of $225,000 is on the basis of only $35.00 per acre or approximately 20 of the conservative valuation of the property. We recommend these bonds as an ultra secure locally tax exempt investment. Price: Par to yield 7 UNITED STATES TRUST COMPANY Affiliated With THE UNITED STATES NATIONAL BANK 1612 Farnam Street Omaha, Nebraska