Omaha daily bee. (Omaha [Neb.]) 187?-1922, July 21, 1921, Page 13, Image 13
inti Baa: oiUAtIA, THURSDAY, JULY 21, 1921. id Drawn for The Bee by Sidney Smith. Copyright, Ittl, Chicago Tribune Company CHICAGO CLOSING PRICES. By t'pdlke Grain Co. DO. 3671. July 19. Capital Provided To Build Railroad THE GUMPS- IT'S A SIMPLE TWIST OF THE WRIST Art. I Open. High. Low. Close. Tea Wat. I July J tim f 1.37 Sep. I 1.28 ( 1.29U Dee. 1.92 1.33U Ry July lit Sep. 1.16 Corn July .44i Sep. .63 V, .63 Dec, .81 H .61 Vi Oatr July .40 V, Sep. .42! .48V6 Pea, .5 vi .46 Vk Pork July Sep ; Lard July 18.81 Sep. 13.00 Rib July 10.80 Sep. 10.87 117 1.16 1.36 1.3T 1.36V4I 1.37 1.26 1.38 1.36 I t Through Bolivia l.ss I 1.1s 1.31 l.ttvt 1 19 1 38 1.29 111 1.10 ;1.38 1.38H 1.16 1.13 1.10 1.18 ' 114 . .6! .42 t .61 .63 .40 .43 , 18.60 18.81 11.35 J, ew Line to Be Link in Sys- .64 .66 61 .61 .61 tcm That Will Eventually Connect Chicago and .63V, ,61 .60 '"61 '.60' .60 .40 .43 .39 .39 Buenos Aires. .41 ... .43 .41 .41 .46 Vi ) 1 I I i n A ll By HOLLAND. Some years ago Joseph P. Grace, who succeeded his father, William R. Grace, as the head of the inter national corporation which was or ganized by Mayor Grace, spent two or three months in Bolivia. He had in mind the gaining of information respecting Bolivian resources and - the possibility of establishing a large trade between that country and the i'nited States. When Mr. Grace returned to New t'rrk he said that the natural re sources of Bolivia were almost in conceivably great. Besides her sil ver and copper resources there were evidences of an abundant supply of petroleum in southeastern Bolivia. The resources of this interior re public of South America could not be made of much avail, Mr. Gtvce said, unless there were adequate railroad facilities. Bolivia was at that time making an at tempt which afterwards waa successful lo .tend a railroad from tha heart ol tfce re publlo to the Paclflo coast. But 1 order to reach her rich allver minea and espe cially to develop the petroleum resources of southeastern Bolivia, It would be ne easary to build a railroad which would connect the railroad system of Bolivia with the treat eyatera which Argentina baa built. Contract for K nil way. In thl opinion. Mr. Grace waa later for tified by Horace O. Knowlea, who waa for four years American minister to Bolivia. Mr. Knowlea was persuaded that Amerl- n capital would be round to construct hwav lines In Bolivia, but It would be necessary to wait until after the European Perelval Farqnahr, who undertook tha exploitation of some of Bolivia's resources and who had also In mind the petroleum supply In southeastern Bolivia, vtalted Parts a few months before the outbreak of war. He hoped to make successful negotiations with French bankers so that Nritlroad construction and mine develop ment could be made possible, but the bankers of Paris ahook their heads, saying that it waa no time to undertake new fi nancing, because. In all probability. Vranca would sneedllv find It necessary to finance herself because the danger of wr with . nermanv waa Imminent Bolivia has waited until the time was more favorable for entering into nego gotiatlons for the construction of a railroad which would connect her system with that of Argentina. Bolivia did not go to London In order to secure successful financing of this proposition. Ita repre sentatives came to New York and after negotiations, which laated some weeks, haa executed a contract with an Amer ican company, whloh, on the one hand, Involvea a payment of about 110,000,000, and on the other hand the construction of a railroad nearly 130 miles In length. Thla railroad will open up Bolivia for development In the southern part of the repnbllo and will give It a terminal on the Atlantio at Buenos Aires. That repub lic, will, therefore, have a terminal upon ' the Pacific, made possible by agreement with Chile and Peru and also a terminal upon the Atlantio at Buenoa Aires. What It Mesne to Bolivia. mil the construction of this railroad means to Bolivia has already been fore- ( Acst by Mr. Grace ana Mr, Knowies. may be necessary to build branches so as to make the rich silver mines of Bolivia available.' Probably It will be found ex pedient to build a pipe line from a con venient line from a convenient point upon this railroad to the very rich oil fields of southeastern Bolivia. Mr. Knowlea reports these field to be as promising as any which have been developed In Mexico or in California. Thev are hemmed In, how ever, by mountain. Some of these moun tains are almost Insurmountable, at least Mr railways. But it woum noi oe ami curt to build : pipe tines -which would connect these riems wun. mis now rn roed The exploitation of Bolivia'. ' oil field will add greatly to her wealth, and will enable her to Increase her' commerce, especially with the United States. If they can be made to yield then it will be demonstrated that South t. ' take a leading part in furnishing tha supply of petroleum of which . will stand In need. The very rich cli fields of Venetuola and Columbia aa well as those of Peru, will In all probability be supplemented by the petroleum which la hereafter secured from the Bolivian field. Sooth America' Railroad System. "Within the next five years, possibly 10. the railroad systems of South Amer ica wlll compare, relatively speaking, wtri those of the United States. It 1 Bjjr regarded as Inevitable that the re .vrlnainlng link In the international rail way will be completed prooaoiy ay mo use of American capital. When they are completed It will be possible to take a Pullman car at New Tork or Chicago and to be carried In it southerly through Mex ico and Central America into South America and the Journey' end would be at Buenoa Aire or Valparaiso. Teara ago when some agitation In favor of the construction of an international railway of this kind was In progress, the proposition was brought to the attention of Jay Gould. He spoke of It as Imprac ticable, believing that not enough trafflo would be offered to meet running ex penses. Mr. Gould, however, did not know what the lurking resource of South America are nor had he the (lightest conception of the relation South America would bear to the petroleum industry of the world. He did not know that in northeastern Peru very rich deposits of oil exist. He hardly knew that Buck a republic as Bolivia was upon, the South American map. Now, when this Bolivian railroad Is completed It will furnish one of the links in the International system of North and South American railroads. It will be noanlhl bv us of It to shorten the time of travel between New .York and the iHpuai vi jviKriiuiis iy ico ... . days, although It would be necessary to utilise tha Panama canal, to do that. The new road should be completed by ill and construction work which will r the survey that will be under In the course of a few weeks will begin not later than January 1, 122. The war released Bolivia from the dom rclsed over it resource and It ex ercised over her resources and her ex ports. The repubUo I now turning to. the United States for the capital which Is needed tor development of her resources and ha already secured American In terest In the construction of what when finished will be one of the most Impor tant of the railroads of South America. St. Ionls IJve Stock. East St. Louis, III., July 20. Cattle Receipt 3.000 head; market. light and medium weight steers strong to 16o high er: heavy kinds steady, $1.60 psld for 90t-pound yearlings; bulk. 37.003.35; Oklahoma. lOo to 36o higher; medium light yearlings steady; beat grades strong; beef cow easier; bulk, 4.606.60: bulls, steady; cannera 25c higher; atockers, trong; Testers. $.G0iH0.0O. Hogs Receipt 9.500 head; market, closing active, lo to loo lower; top, 110.80; bulka lights and medium weights. $10 80 10.10: bulk heavies. $10.25 10.50; pack er sows and pigs steady to strong; clear ance good. Sheep and Lambs Receipt 3.609 head; mraket, closing easier, about steady with Tuesday; top lambs. (9.25; bulk. 31.50 I .?S; ewe top. 34.00: bulk, $3.00S4.00; f cults, lambs. $4.50; clearance fair. New York Cotton. New York. July 20. Lower prlcea were cored In the New York cotton market - today. A a result of poor cable ud local Wall Street selling. The open ing waa barely steady at 1 to 10 point decline. Although the first Impression of the weekly government report was bearish, detail showed such activity by bull that the market shortly Improved and at mid day had a very steady undertone at a few p-:Ms above the previous close. Subsequently the market felt renewed pressure from Wall Street and local sources and prices were 10 to 14 point net lower. , . - . - i i ii assess n 3 m wuuno. to 6tvt rr ) ( c tmvl ) . Awnt riBcS come AtowD ffr; , BnrtNCt DM rut Y A.1 UAU1 J. -j;,.,. ANVWtNO ,-f ( J STAMP OH VT- I CAM XM I T0tfV- V UKCTO ( VMOXW WOVO tVtt f fSS? A Milt OF t A ToH OT COAL TARTMtt I Gey wt oii J V ft out- S wM off a Rett iwah cah tmrow nn ruy- V . g 1 A40RC THAN J ' , V J 1 " L1 Y " : l .MsMsMBsBBMssWBs.. . S . 1 a. ' Closing Quotations Stocks, Grain, Live Stock Live Stock Omaha, July 20. Receipts were: Cattle. Hogs. Sheep. Official Monday 6,884 1,341 19.81 Official Tuesday .... 5.480 12.650 18,063 Estimate Wednesday 7, lino 17,000 13,000 Three daya this wk. 18,366 39,391 49,49 Same day last week 15,434 28,93$ 30,743 Same days 1 w's ago 8,954 25,678 34.736 Same daya 3 w's ago 15.068 37,640 34,411 Sam day year ago 16,607 33,414 77,379 Receipt and disposition of live stock at the Union Stock Yards, Omaha, Neb., for 24 hours, ending at -1 p. m., July 20, 1921: RECEIPTS CARS. C. M. & St. P. Ry. waoaan H. K Missouri Paclflo Ry. ... Union Pacific R. R. ... C. & N. W. Ry., cast . C. N. W. Ry., west C. St, P., M. A O. Ry. C, B. A Q. Ry., east C, B, & Q. Ry., west C, R. L A P., eaat ... C, R. I. & P., west ... Illinois Central Ry, ... C. G. VT. Ry Other buyer t . Total reoolpt 17 64 7 83 29 tl 36 30 1 S IS 1 4 .. 66 38 13 .. 89 .. 30 .. 7 1 23 1 12 I t .. t .. 3 .. 268 .. 694 358 43 DISPOSITION HEAD. Sioux City Live Stock. .300 head; market steady; fed yearlings. I6.00O9.00: beef steers. 86.5008.66: grass cows, $3.6006.00; grass steers, $5.00 IIA! fat nnva iml htM tiAAAIMl! Aanners. $1.(001.00! v.. la. ls'n 50: n .J., 0.evr.vv; imini cows ana neii- , stackers and feeders, $4.0 ' star if IAAIAA- atAk ,1 $.7S. ' lto to toe lower; mixed, $$.9009.50; ,000 head; market light. $9.65010.00; heavv. 37.5008.7$: imiK or aaies. a.ovv'-a. , Sheep and Lambs Receipt, 100 head; I market steady. Armour Co. Cudahy Pack. Co. . .. Dold Pack. Co Morrl Pack. Co Swift A Co J. W. Murphy ....... Swart Co. Lincoln Pack. Co. .... 'Wilson Pack. Co. ... M. Glassburg Hlggins Pack. Co. .... Hoffman Bros. ....... Mayerowtch Vail .. Midwest Pack. Co. . . . . P. O'Dea Omaha Pack. Co. .. John Roth A Son .. S. Omaha Pack. Co. J. H. Bulla W. H. Cheek E. G. Christie A Son Ellis A Co. John Harvey T. J. Inghram Joel Lundgren J. H. Lawrence F. P. Lewi L. McAdama J. B. Root A Co. . Rosenstock Bros Sullivan Bros. W. B. Van Sant A Co. Werthelmer A Degen . Ogden Smiley Other buyer ......... Total 3454 3300 4435 3367 241 134 263 996 2477 1029 4181 365$ 2331 .... 35$ .... .1484 967 .1371 144 463 33 1 11 13 23 10 66 10 13 21 7 12 666 14 86 2 19 1 132 181 101 1 78 "i$ 76$ 71 12$ 4261 .7863 1878$ 1486$ Cattle Although Wednesday'- run of cattle, 7,000 head, was decidedly liberal the demand was broad and price were firmly held for desirable medium and light weight steers, beet selling at $9.00 09.36. Plain heavy cattle were rather slow sale at steady to easier price best kinds bringing 38.SO08.85. Cow stuff ruled slow to 25o lower than Tuesday and offerings were decidedly liberal In this Una In stockers and feeders de mand is Improving and prices strengthen ing all along the line. Only a few bunches of western range cattle were re ceived and these being on .the stocker and feeder order sold readily at steady to strong figure. t Quotations on cattle: Choice to prime beeves, $8.7609.16; good to choice beeves. $8.1608.76; fair to good beeves.' $7,600 8.10; common to fair beeves, $7.0007.50; choice to prime yearlings, $8.9009.40; good to choice yearlings, $8.2508.85; fair to good yearlings, $7.7608.25; common to fair yearlings, $6.7507.60; choice to prime heifers, 17. 60 8. 60; good to choice heifers, $6.0007.50; choice to prime cow, $6,400 7 00; good to choice cows, $5.7606.36; fair to good cows, $4.765.60 common to fair cows, $2.0004.50; good to choice feed er, 36. 50 7. $5; fair to good feeders, $5.6(06.36; common to fair feeder, $4.7$ 05.50; good to choice stockers, $6,000 6.75; fair to good stockers, $6.!506.OO; common to fair tocker. $4.0006.35; stock heifers. $3.6005.60; stock cow, $2.7604.00; stock calves, $4.0007.00 veal calves, $6.00010.60; bulls, stags, etc., $3.7507.00; choice grass beevee, $6.75 7.60: common to good grass beeves, $4.60 06.60; fair to good grass cows, $4,760 ,50. ' DPjtLir Dl E.E.IVO Av. Pr. No. Av. .1072 $7 60 14 1107 Financial No. 24., 45.. 42., 48., 30., 20., .10 .1213 .1309 .1056 .1026 8 16 8 35 8 50 8 75 9 $5 12, 20.. 1$.. 40.. ...1099 ... 922 .11. .09 ...1211 TJr. $8 10 8 26 8 40 8 $6 $ IS STEERS AND HEIFERS. T9 700 8 25 9 673 8 J6 23 739 - 8 60 18 922 8 66 17 $91 9 00 YEARLINGS. ....... 95$ 7 35 43 683 7 40 43 940 8 2S 11 760 . $ 85 21 682 8 60 16 841 8 76 29 997 f 40 COWS. 17 880 S 75 10 1102 $ 00 ...... .1134 t IS 6 1230 60 4 1095 7 00 HEIFERS. 10 639 S 00 14 880 ( 16 16 816 $ IS 1"$ 7 $6 8TOCKERS AND FEEDERS. 24 893 6 25 22 1034 6 $0 It 861 7 60 BULLS. 1... ...1370 4 60 1 989 7S 1 1410 6 10 1 1550 6 75 Hogs One of the largest runs of hogs received so far thi season was estimated this morning, about 17,000 head knowing up. Buyer were extremely bearish from the start and the result was a slow trade at sharply lower price. Most of the hogs had to sell 40050c lower, with the half dollar decline applying to a large share of the receipts. Best light hogs topped at $9.75 and balk of supply sold at $8.2509.50. HOGS. Fr. ' $8 10 8 26 8 60 $ 75 16 9 $0 t 40 t 60 Sheep With 13.000 sheep and Iamb on sale this morning price for most classes of stock held up In good shape and the market was quoted steady to about a quartsr higher. Best fat western lambs brought $10.00010.25, and good natives sold up to $9.26. Fat ewes were quoted up to $6.26 and fat wethers were scarce at the usual amall premiums, Dsmand for feeders Is showing a tendency to Im prove and good feeding lambs are now worth up to $6.7607.25, with feeder ewe quoted around $2.6003.36. Quotation on cheep: Fat lambs, west erns, $9.00010.25; tat lambs, natives, $8.60 09.15; cull Iamb. I4.60lj6.00; fat yearl ings, $6.1507.60; feeder lamb. $6-600 7.26: fat ewes, $3.0005.36; cull ewes, $1.0001(0; feeder ewes, 11.3603.36. . SPRING LAMBS. No. Av. Pr. No. Av. Pr. 134 Ida.. 76 $9 60 700 Ida.. 71 fit 00 477 Ida. .70 9 86 939 Ida. .7$ 7$ 41$ Ida.. 68 9 60 102 Ida.. 6$ t $5 FEEDER LAMBS. 67 Ida. .61 7 00 665 Ida.. 60 t 7$ 171 Ida. .4 1 15 19$ Ida. .61 7 20 St. Joseph Live Stock. St. Joseph, July 20. Cattle Receipts, 1,000 heda; market, strong; fed classes, steady, others weaker; steers, $6.0009 60; cows and heifers, $4.16 0 9.60; calves, $6.6008.50. ' Hogs Receipts, 11,000 head; market, 18 0 86o lower; top, $10.00; bulk, $9,000 10.00. Sheep Receipts, 4,000 head; market, tie lower; lamb, $l.$901t.li ewes, $3,600 4.36. No. Av. Sh. Pr. No. Av. Sh. 37. .301 .. $7 $0 63. .326 .. 61. .830 .. 8 15 67. .267 40 75. .260 70 8 40 59. .184 70 80. .805 .. $ 60 67. .240 70 70. .228 180 8 90 81. .20$ 40 43. .116 70 15 40. ,241r- .. 11. .207 .. 9 It 23. .287 .. 28. .201 .. t 60 30. .US .. 16 .111 9 7$ Sbt Ntm ilrk SLiwtjti. By ALEXANDER DANA NO YES. Chicago Tribune-Omaha Bee Leased Wire. New York, July 20. Simultaneous action by four federal reserve banks, New York, Boston, Philadelphia and San Francisco, in reducing trft re discout rate today from 6 to 5 1-2 per cent stands as another indica tion of the easier credit position in certain sections of the country. It has been apparent for some time that the steadily rising ratio of re serve in certain localities was paving the way for just such a development as came today. In the case of the New York bank, the' change was the third re duction that has been made within the year. The first cut was an nounced on May S and lowered the rate from 7 to 6 1-2 per cent On June 16 there was a drop from 6 1-2 to 6 per cent and today the rate went to S 1-2 per cent. The reduction since May 5 ha there fore, amounted to 1V4 per cent, but the rate just established is also ltt per cent above that existing November 3, when an increase from 4 to 44 per cent was announced which proved to be the first of a series of three advances, which waa to carry the rate to 7 per cent. All four of the banks which reduced the discount rates today have shown pro nounced Improvement In reserve ratio since the first of the year. Fear Unfounded. That fear of a revival of speculation as a result of reduction in discount rstes were unfounded appears to be Indicated by the fact that rediscounts on govern, ment and other paper have been steadily receding for the entire system. The stock market today gave evidence of a slightly Improved buying power. Prices again advanced, even though trad ing continued to be along restricted lines. White public participation in the mar ket Is no more In evidence than for a long time past, there Is momentarily, at least, a better sentiment prevailing. Discouraging rumors of the sort that ultimately prove to be founded' on nothing more than pessimistic conjecture are lacking and there Is a disposition to seek out the Indication that may point to favorable developments later on. jrur-' thermore. speculator for the decline are not so eagerly aggressive as some days ago and not a few appear to be quietly drawing in their short commitments, It Is this, no doubt, which has influ enced that moderate upturn witnessed for tne past tnree days, in tne industrial situation there Is increasing reason to be lieve that certain branches of Industry are beginning to work their way out of the difficulties which have beset them during some eight to 12 months. Omaha Grain New York Quotations Range of prices of the leading stocks, furnished by Logan A Bryan, Peters Trust building: rails; . Tues. High. Low. Close. Close. A T. A S. F 83tt 83H 83 83U B. A 0 39 '38 18 38 Canadian Pacific. 110 109 110 109 Omaha, July 20. Cash wheat prices today ranged unchanged io Jc to lc lower. The bulk of No. 1 hard and No. 2 hard sold at a decline, while No. 3 hard was unchanged for the bulk. Corn was unchanged to Viz lower, mixed and yellow gelling lower. Oats were unchanged to Jc off. Rye was off 4c, while barley was nominal. Wheat receipts today were liberal, with 183 cars. Corn arrivals were 48 cars and oats 17. WHEAT. No. 1 hard: 1 cars, $1.1$; 1 oar, 1.17m 10 car, $1.17. No. 1 hard: 1 car, $1.10; 1 car, $1.1$; 1 car, 11.17; 1 car, $1.17 (amutty)i t care. $1.16; 1 cars, $1.1$ (smutty); 2$ car, $1.16; 4 car. $1.1$ (yellow); 1 car, 31.15H; 1 car, $1.15; 3 car, $1.16 (yel low.) No. 1 hard: 1 ear, $1.1$ (77 per cent dark); 14 car, $1.16; 6 ear, $1.16 (yel low.) No. 4 hard: 1 car, $1.18; 1 car, $1.14. No. 5 hard: 1 car, $1.13. No. 2 mixed: 1 car, $1.18. No. S mixed: 1 car. $1.15. CORN. No. 1 white: 4 car, 63 He No. 3 white: 1 car, 68 He. No. 1 yellow: 1 car, 62c No. 3 yellow: 1 car, 62c. No. 1 yellow: 1 car, 62c No. S yellow: 1 aor, 60o (musty.) No. 1 mixed: 1 cars, 60c No. 3 mixed: 2 cars, 49Mb. No. 4 mixed: 1 car, 48c No. $ mixed: $ cars, 47c (shipper's weights); 1 car, 46c. OATS. No. 3 white: 3 cars, 36 He No. 1 white: 4 cars, 35c. No. 4 white: 1 car, 34c; t cars, 14Uc. No. 3 mixed: 1 car, 36c RYE. . No. 3: 1 car, $1.08. BARLEY. No, 3: 1 car, 60c. CHICAGO CAR LOT RECEIPTS. Week Year Today. Age Ago. Wheat 721 409 35 Corn 168 - 79 209 Oat 98 61 . 102 KANSAS CITY RECEIPTS. Wheat 615 411 187 Corn 18 42 86 Oats 4 2 17 SX., LOUIS RECEIPTS. Wheat 402 372 118 Corn 46 . 29 33 Oats 41 18 23 NORTHWEST'N RECEIPTS OF WHEAT. Minn 199 83 163 Duluth 103 123 149 Winnipeg ..118 123 101 PRIMART RECEIPTS AND SHIPMENTS. Receipts Wheat .... Corn Oats Shipments Wheat .... Corn Oats Today. .3,174,000 . 672,000 . 627,000, Yr. Ago. 926,000 680,000 644,000 N. Y. Central Che. A Ohio Erie R. R Gt, Northern, pfd Chi. Gt. Western. Illinois Central .. M., K. A T K. Ci Southern... Missouri Paclflo. New Haven 7014 64 13 69 69 U 64i 13 68 69 644 69 54 Northern Pacific. 74 CBI. A N. W Pennsylvania .... Reading ........ C, R. I. A P..... Southern Pacific Southern Ry C. M. A St. P... Union Pacific. . . . Wabash .. 13 13 684 7 12 2 25 19 18 72 64 84 68 32 76 20 26 26 19 18 73 65 84 68 32 76 29 26 Am. C. A F. ., Allls-Chalmsr Am. Loco. Co 82 Utd. All. Stl. Corp. 24 Bald. Loco. Wks.. 76 Beth, steel corp.. 48 coio. t: a i. Co. Cruc Steel Co... Am. Stl. Fdrs.... Mid. St. A Ord... Rep. LAS. Co... Sl.-Sh. 8. A I.... 34 U. S. Steel 73 COPPERS. 25 25 19 19 18 18 73 65 65 36 34 69 68 32 32 76 76 .. 20 20 .. 27 26 ..119 118 118 119 ..8 I 8 8 STEBJU ..124 128 124 123 31 31 11 30 83 24 75 46 26 64 ! 21 34 72 26 65 26 28 46 Ana. Cop. Mln.... Am. 8. A R. Co... Chile Copper Co., Chino Copper Co.. inspi cons. Co.. 38 17 10 38 34 Kennecott Copper. 19 Nev. Cons. Cop. Co. 10 Hay cons. cop. Co 12 Ulan copper co. 37 37 10 23 84 19 10 12 12 48 48 82 24 76 46 26 64 26 23 44 34 73 37 37 10 23 84 19 10 23 76 46 26 64 26 23 44 72 37 10 23 83 19 11 1W, 48 49 INDUSTRIALS. Am. Bt. Sugar Co. .'. A.. G. A W. I. 8. S 22 20 Am, Inter. Corp... 14 33 Am. Sum. Tob. Co 48 47 Am. Tel. A Tel. ..103 103 103 102 Am. A. C. P 15 36 15 8$ Am. can zt 26 Chandler Motor... 50 48 Central Leather... 17 36 Cuba Cane Sugar. 9 9 Cal. Pkg. Corp.... 67 57 Cat Pet 34 31 Corn Prod. Rfg.. 66 66 Fisk Rubber 11 11 General Electric. 121 119 120 119 Gt Northern Ore. 37 27 27 General Motor... 10 10 10 31 11 81 76 74 74 65 56 66 61 49 49 14 11 14 61 61 52 1 1 2 21 33 47 16 49 86 9 67 33 66 11 Goodrich Co Int Harvester. . H. A B. Car.... U. S. Ind. A lco. Inter. Nickel..., Int Paper Island Oil AJax Rubber . . Kelly-Springfield Keystone T. A R. 28 21 83 47 49 36 9 84 65 11 10 31 75 54 60 37 11 36 11 36 11 Mex. Petroleum... 106 103 104 Middle 8tate Oil. 10 10 10 Pure Oil Co 36 26 25 Willys-Over. Co... 7 6 6 Pacino Oil 36 Pan-Am. P. AT.. 60 Plerce-Arr. Motor. 18 Royal Dutch Co... 64 U. S. Rubber Co.. 61 Am. Sugar Rfg. Co 69 Sin. Oil A Rfg.... 20 Sears-Roe. Co 67 Stroma. Carb. Co.. 31 10 $6 33" 17 13 34 49 17 53 60 67 20 66 31 78 65 7 13 1 32 34 49 17 53 60 67 20 66 21 79 66 7 83 16 32 61 1 20 87 11 104 10 26 7 34 49 18 63 50 68 20 66 31 79 66 7 13 16 33 17 84 41 68 Studebaker Corp, Tob. Pdcta. Co... Trans-Con. Oil... Texas Co. ..' U. S. Fd. Pr. Corp The Wh. Mot. Co. West. Airbrake... Western Union West. . El. A Mfg.. 43 42 42 Am. Woolen Co... 69 68 68 Total aaies. 347,100 snares. Money Close, 6 per cent. Marks Close, .0130; Tuesday close, .0130. Sterling Close, $3.60; Tuesday close, $3.69. Bond. The following quotation are furnished by Logan A Bryan, Peter Trust Building: Armour 4s. 1939 78 074 St. L. A 8. F. P. U 4s, 1950.... 60 t St. L. A 8. F. Adj. 6s, 1956.... 66 067 St. U A ',8. F. Inc. 6s, I960 63 064 Ago 87 11 "z 41 ...1,267,000 563,000 ... 806,000 329,000 ... 387,000 322,000 EXPORT CLEARANCES. Wheat 626,000 341,000 Corn 128,000 Oat 103,000 - OMAHA RECEIPTS AND SHIPMENTS. Week Year Receipt Today Ago Wheat 183 146 Corn 48 31 Oats 17 14 Rye 1 1 Barley 1 .. Shipments Wheat .....159 IS Corn 30 49 Oat 14 9 10 Rye .. 3 14 Barley 1 .. Minneapolis Grain. Minneapolis, July 20. Flour Un changed. , Bran $15.00. . Wheat Receipts, 199 car compared with 163 cars a year ago. Cash: No. 1, northern, $1.42 1.65 ; July, $1.28; September, $1.30; December, $1.31. Corn No. 3 yellow, 6364e. Oats No. 3 white, 3536c. Barley 4666c. Rye No. 2. $1.1401.16. , Flax No. 1, $2.012.02. New York Metal. New York, July 20. Copper Dull; electrolytic, spot and nearby, 1212c; third quarter, 12 13c. Tin Easier; spot and nearby, $6. 50c; futures, 26.60c. Lead Steady; spot, 4.40c. Zinc Quiet; East St. Louis, spot, 4.10 04.25c. Iron Nominally unchanged. Antimony Spot, 4.65c. Chicago Grain Chicago Tribune-Omaha Bee Leased Wire. Chicago, July 20. Bullish news appeared to wear out its effect early in the l day and the grain markets became tired later and declined. The close was around the bottom. Net losses on wheat were 22, corn Jiilc, oats JilJic and rye 45c The tone at the finish was easy with buying power limited. Export buying ot wheat was of good volume early and made the highest prices, as the. local trading element took the buying side and advanced prices 4c from the previous day's close. There was not enough buying to offset the effect of the hedging and general selling pressure, and in the last hour the strength gave way to weakness. Traders who bought on the bulge were the best sellers later in the day. Many of the traders favor the buy ing side in the Ion? run, but for the present they are afraid to buy and hold wheat when it turns against them. At the last July close at $1.2501.2$. September at $1.25& 1.26, and December, $1.29 1.29. Good Business at Seaboard. Chicago cash handler sold 800,000 bush els of wheat to exporter and charters were made for It, There were also clalma of a much larger quantity being sold, but It was not confirmed. - A good business was on at the seaboard with Germany. Country offerings were light In all sec tions, but the movement continue heavy and at Chicago alone were 654 car, with deliveries on July sale 39,000 bushels. Cash premiums here were unchanged, with a good milling demand. Southwest ern markets had large arrivals and dark hard at Kansas City wa lOo lower. This 1 a fancy grade and ha brought extra premium. At Minneapolis dark northern wo 75o over the future, or 6 cent bet ter than Tuesday, while other grade were mostly unchanged. Crop news was mostly bullish. Thresh ing returns on winter wheat continued dis appointing. Threshing of spring wheat Is under way. The government report say hot weather ripened the crop too fast. Drouth p broad has been broken by good rains. The French crop of 218,000,000 bushels, by on authority Is 6,000,000 bushels over last year. Reports on Corn Mixed. Crop report on corn are mixed. Weath er conditions are favorable. The govern ment crop bulletin says corn needs rain badly In the Ohio valley. This did not de ter the local traders from selling and they lost sight of the fact that contract yellow and white corn sold oh track at July prices, against lc discount of a few days ago. Domestic trade took 195.000 bushels and exporters 125,000 bushels. Charter were for 60,000 bushels to Fort William. Canada, for Industrial use. Ar rivals were 126 ears. Prices dropped about 1 cent from the top and closed with September, 01aie, and December at 60O61o. Oats are not getting sufficient support from the. outside to hold hedges, although many traders are friendly to the buying side. Selling of December by Bartlett Fra iler and others, who have been the best buyers of late, made It the weakest, with a drop of lc, to 4343c, at the close. Germany took most of the 1, 250.000 bushels Canadian oats sold at the seaboard for export the past two days. Threshing returns are disappointing. Sam- pie grane i-pouna test oats sold at 38o here. No. 4 white was 5o under Sep tember. Hye was under pressure led by Steln-Al-stein who sold July which had poor sup port. Back spreading between July and September was active. Exporters bought over 8,000.000 pounds of lard end 296,000 pounds loose sold at 76c under September. Armour bought and um aepiemoer. Pit Note. A' great many traders would buy all grains were there to be more assursnce of the outside trad keeping up or showing a good Increase. Without such asurance the disposition I to take profit and wait until the big movement of wheat is over. It is the belief In certain quarters that values may not do much either way from the present level for eome time. The big bulge In wheat last week ex hausted a great deal of the buvlnsr nower and there has been no recuperation since, GRAIN- 117E solicit your consignments of y 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" as prices have declined and profit taking and stop loss selling have made a mean market for the buyers on last week' bulge. For the present, close observer ay there 1 too much hedging pressure for the volume ot buying to absorb advance prices and until this Is changed aharp recessions are in he exoected. The 800,000 bushels cash wheat sold her for export were by three bouses. Country selling of all graina has dropped off of late, which Is taken as Indicating that they are not disposed to sell on breaks. This will have the effect of re ducing shipments to this market and give the elevator time to clean up. Large buying of bids waa on after the close and a large line of bids on corn were operative at the last on all grains. For the present the trade is rather bearish. A leading elevator operator say the ele vators here will be in better snaps by the end of the week. Omaha Bay Market. Upland Prairie Hay No. 1, 110.10 1150; No. 2. S8.6O09.6O; No. I, 17.00 8.00. Midland Prairie Hay No. 1, 1 10.00 11.00; No. 2, 7.609.00; No. 1, f6.609T.60. Lewland Prairie Hay No, 1, $T.608.60; No. 1, 6..607.60. Alfalfa Choice, 17.0018.00; No. 1, I16.0014.B0; standard, $13.00 14.00; No. 3,'$8.0011.00; No. 3, $7.0003.00. Straw Oats, 8.009.00. 8traw Wheat, I7.00Q8.00. Kansas City Live Stock. Kansas City. July 20. (U. S. Bureau of Markets.) Cattla. Receipt. 9,000 head; better grade, beef steers, stesdy to strong; best heavy, $9.I09.90; other gradvs steady to weak: Kansas graasers. $6.35 T.26s Texas, $6.261.40: heifers and yearl ings, steady to strong; best yearlings, $9.35 9.36; choice heifers, $1.46; good yearling heifers. $8.26; cows, weak to 2 60 lower; best, $6.00 early; many medium and good kinds, $4.15!. 60; bulls, strong to 26o higher: good and ohoice butehers, $5.00iW 6.60; bologna mostly $4.004.25; calves, 2660o lower; best vealers. $8.008.25; many heavy calves, $6.007.00; other classes, steady; canners, mostly around $1.75; medium and good atock steers, $6.00 6.00; choice stock cows, $4.66. Hogs Receipt, 7,600 head; market, low, mostly 16026a lower than yester day' average; best light to shippers, $10.00; 220 to 240-lb. weight to packers, $9.749.85; packer top, $9.85; heavy mixed hog mostly around $9.509.66; bulk of (ale. $9.60l.96; pig and pack ing tow, 16o lower. Sheep Receipts, 4,500 head; market, steady; best native ewe, $4.76; native lambs, tteady to 36c higher, $9. 2 5, paid; no westerns old early. . Kaoaa City Grain. Kansas City, July 20. Wheat July, $1.13; September, $1.16; December, $1.19. I m Cor.i July. 49j September. 41 c: December, (3 11.97 12.10 10.85 11.00 11.83 11.92 I10.S0 110.87 11.97' 11.97 10.86 10.92 12.00 'l0 76 ' 10.93 Chicago l.lve Stork. Chicago, July ,20. Cattlw Receipts. 7,000 bead; better gradee bv' steers, strong to 16o higher; others, steady: top yearling, $9.50; best matured jl". $9 16: bulk beef steers, $7.258.86, ra she ock. teady, bulk. M.60 75: can ners and cutters, 25o higher; bulk, $8.60 3 60; bulls, 1636o lower; bulk bolognas. $5 26O6.60; veal calves, staady to strong; bulk, $10(26010.60; atoekera and feeders, "Hogs Receipts. 20.000 head: opening, steady to lOo lower; subsequently lights, steady to lOo higher; medium, about ateady; other, largely 1010o lower than yesterday' average; holdover, fairly lib eral; top. $10.90. out of line; practical limit. $10.80; bulk batter grades. $9.76 10.75; bulk packing sows, $8.65 9.00: pigs. 1016o lower; bulk desirable. $10.85 '"'Sheep and ' Cattle Receipts, 17,000 head; weatera lambs, steady to strong;, other classes, steady: western Ismb top, $10.80: bulk, $10.25010.80; native lamb top, $10.00; bulk to packer. $9.369.60; few, $9.75; native and western .yearling top, $9.00; western 3-year-old wethers, $6 60; ewes, $6.25; nattve fat ewe top, $5.00; mostly $3.604.60; bsst feeder lambs, $7.00. New York r reduce. New Tork. July 20. Butter Firmer, creamery higher than extras, 4343c; extras. 4142o; firsts. 3741c. Eggs Irregular: fresh gathered extra firsts. $687c; firsts, 8184o. Live Poultry Easy; braller. $0ttc; fowls, 30a. , Dressed Poultry Steady and ' changed. Turpentine aad Roaln. Savannah, Oa., July 20. Turpentine Firm; 6161c; sales, 876 bbls.; re- , cetpts, 677 bbls.; shipment-, 111 bbls.) stock, 10,166 bbls. Rosin Firm; sales, 168 casks; - re ceipts, 1,634 casks; shipment, 1,637 casks; tock, 19,463 caaka. -, Quote: B. D. S. V., $1-70; G 13.71; H., $3.86; I., $3.96; K., $4.16; H., $4.45; N., $4.70; WO., $5.45; WW.. $6.20. A Call to the Greatest 15-Day 49 A 1? ii? Ever Held in Nebraska Thousands of dollars worth of seasonable merchandise, most of it uninjured by fire, water, or smoke, thrown onto our counters at far less than cost. The in surance companies bear the loss. Also all our new Fall stock, coming in steadi ly, will be included, as we have not the space to handle it We'd rather give you the money than to the storage houses. Come and buy for the entire family,, at prices you really never expected to see again. Thursday, July 21st, at 9 A. M. BUY YOUR SHOES NOW! I : Here is an opportunity to buy your shoes at a price that has never been offered be fore. We don't want a pair of shoos left in Our stock. We must have clean shelve for our coming stock. Makes no difference if you need any shoes at present or not, satisfy yourself see these values. Our entire stock of white canvas or poplin shoes for men. Shoes, oxfords and pumps for women. Shoes or slippers for children. These shoes are regularly OQ sold up to $3.50 at this. fire sale, out they go, per pair 07 C 800 men's work or dres shoes, value up to $6.50; oa tale, per pair...... $2.29 300 pair ladies' pump, in dull kid, tan or pat. entj Fire Sale price; your choice, . tfjl Q Q PJ.70 per pair Children's oxfords. Our entire stock, per pair $1.49 1,800 pairs of tennis , shoes in practically all size, in white, black A Q .... t7C or tan, per pair Men's Mesco union suits, slightly damaged by heat, in broken sizes; regular $1.98 val- Q I ue. Fire Sale price, per suit Men's . heavy wool socks that regularly sold at $1.49, slightly damaged, on sale, 1 (J per pair . IOC 300 straw hats for men, women, children that regularly sold up to $2.50, on sale, per hat tes and 49c Children's rompers, sizes ' 2 to 7, that regularly sell at $1.25, Firo Sale Q Q UOt price, at Men's silk socks la all the wanted col ors and sizes, 3 pairs for $1.00 22-ounce Housewife Preserve, per jar 19c 3 pounds of Armour's Very Best Coffee, 75c Children's fine mercerized stockings, in white, cordovan, and , black, 50c quality; some slightly wet, on sale, 1 f XJfai at, per pair Satisfaction Infant Hose, in white, pink and blue,' 15c values, per pair 8c Ladies' and misses knit caps, 98c value, slightly smoked, Firo Sale 1 n price, each IOC C. M. C. Crochet Thread, regularly sold for 12c a ball; Fir Sale price, 4)1 each 4tC 500 dress shirts in practically U sizes, with or without collars, made of fine madras or percale, values up to $4.50, Firo OQ Sale price i ,t . , OaC Oshkosh B'Geth Overalls, per pair $1.69 Rainbow genuine steifel overalls, union made, at, per pair 98c Khaki high-back overalls, union made, $2.25 val ue, Fire Sale price, qO ..... i70C ...... i at, per pair . . . . Men's dress pants, values that sold to $9.50 on sale tt0 E?i F" l-rv WoOUod JO.OU at Men's work pants In good quality, every pair guaranteed, on. (hn nn tP.70 sale, at 500 boys' pants, made to wear, values up to $2.50; on sale, at 98c Kiddie Cars and 2-wheeI cars, Fire Sale AQ price, while they last, each TTaC Imported cups and saucers, English and German 'China, beautifully decorated, 75c val- tl j A A ue; 4 cups and 4 saucers' for V X eUU 1,800 pieces of Aluminum and Granite Ware, in blue and white, gray and gray, white and white; everything imaginable in kitchen ware, such at tea kettles, double boilers, dr'sh pans, coffee pots, tea pots, rice, boilers, preserving kettles, etc., etc.; values that, range up to $3.50, QQ Fire Sale price, each ............... OaC EXCEPTIONAL VALUE OUTING FLANNEL IN LIGHT OR DARK COLOR, SOME SLIGHTLY DAMAGED ON THE EDGES, 12 YARDS C A FOR dUC These are just a few of the many items offered at this fire sale, on account of the lack of space in this ad. Watch the daily papers for values offered at this store. All Sales Final No Exchanges No Refunds thandUSts. South Omaha Ask for Green Trading Stamp Thy Are Give With Each Purchase.