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.