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About Omaha daily bee. (Omaha [Neb.]) 187?-1922 | View Entire Issue (Aug. 6, 1921)
THE BEE: OMAHA. SATURDAY, AUGUST 6, 1021. 13 Senator Cummins Is Doubtful About Rail Rate Slice Said to Stand With Those Who Believe Reduction Will Not Benefit Farmers And Shippers. By HOLLAND. Senator Cummins, chairman of the interstate commerce committee of the senate was in informal conference. several weeks ago with two or three members of the Interstate Commerce commission and several railroad presidents. No public report of this conference was made because it con Aiituted no part of the hearings upon the railroad situation which this com mittee has been holding. Senator Cummins, however, was anxious to get informal authoritative information from all points of view. He has impressed both railway man agers and others with his earnest sincerity and his freedom from all purely political considerations in his desire to secure good information upon the situation. Railway maiia gers are inclined to the opinion that the senator does not agree with those who insist that there should be at this time a reduction in railroad rates uoon certain kinds of traffic. His mind is open, however, although he knows that some, if not a majority of the members of the interstate commerce committee are persuaded that reduction of rates upon certain lines of traffic should be made. v Feel Orerwhelmlng 1'ressure. These mimbiri of the committee are feeling the almost overwhelming pressure. hich, according to the beat information, irmera' organizations and shippers are employing In order to secure reduction nf rates. On the other hand, til, 000.000,- 000 In railroad securities are now nem vy ths people, by savings banks and by other corporations. Only through one organlsa . Hon which represents the psople and f corporations that own railway securities has tho opinion of these, security holders lieen obtained and put before Senator Cummins' committee. It is believed by Senator Cummins, If the Impression which has prevailed re specting his views is correct, that a very difficult proposition has been raised by th farmers and' the shippers on the one hand and by the security holders and the publio on Xhe other. That the farmers faced hsavy losses last year because prices for grain had fallen while the cost of production remained almost at the peak, Is not denied. Many of the farmers, instead of pocketing their losses, stored their grain. Thla grain and that which Is harvested this summer must find its wny to ths market. Therefore the farmers be lieve that If tha cost of transportation bo reduced they will bo able to recoup some of their losses. Other Point of View. Tha representatives of the railroad se rurltjr owners In ths United Statea re port that these security owners are ap prehensive lest a reduction of rates im pair the earning power of the railroads j . u . . . ttart hnrmfullv aecurl- PIIU Hi". a j . - ties and make It Impossible for the rail road companies to secure the credits whloh are needed In order to Improve their properties. Between these two views probably ths truth will be at last discov ered. Senator Cummins hopes and be lieves that It will be. Back of all this Is the unquestioned fact that until the railroads of tha United States are quickened so that they will become reasonably prosperous and be In a position adequately to handle the traffto which will be offered, business prosperity will be retarded. Therefore, it Is Inevitable thst the rsllroad companies be protscted and not discriminated against. Whether this can be done by re taining present rates or whether a reduc tion of rates such as the farmers and .Kinn.a h,w. mahmA for can be made without Impairing the American railroads. s someth In wnicn oenaiur vui......... ommlttea will try to aiscover. "V. Will H Benefit Farmers T 1 it"1f 'be necessary to learn whether or not & reduotlon In rates upon grain and grain producta will be of benefit to the farmers without Impairing the rail roads, or whether e. reduction of this kind win Aiiftwi hv nn substantial bene- i. hi th farmers, but instead will bring gains to others. It Is asserted by those who have given careful study to the situation that a reduction of rates equivalent to about ti per cent upon grain hauling would entail a loss to the railroads of not less than tlOO.000,000. In some way a loss of this kind must be made good or It would cause serious embarrass ment to the railroad and the day of their recovery be far In the luture. rrwum nbly the government would be called upon to aid In meeting this loss. On the other hand the farmers beUeve that with a reduction of rates they will f e able to make good some of their losses. They are earnest In this belief. They cannot be persuaded that It i an in correct view and that even though rates were reduced by as much as 85 per cent the farmers will get no real benefit. Decision to Be Made. Whether they are right in this view or hot, the Interstate commerce committee find the Interstate Commerce commission will decide. But before decision is made testimony will be brought to the atten tion of the committee and presumably to the attention of the Interstate Com )nerce commission to show that a reduc tion In rates would not materially help the farmers. Much the greater part of the grain which Is now held back, the amount of which will be Increased by the surplus following this year's harvest, will be marketed for export. The ocean eteamshlp companies are, according to the view taken by some of the experts, likely to be the gainers by a reduction in rates. They will fix their freight charges in such manner as to take advantage of this reduction. That is a point which Senatos Cummins and his committee are hereafter to consider. But the real issue at pres ent which Is before Senator Cummins' committee Is this, what can be or must be done to aid the railroads In regaining health without Imposing serious burdens Hnnn thniA who buv railroad transporta tion for their grains and other products? he latest disclosures in the rauroaa situa tion reflect Improvement in earnings. And one ef the reasons for this Is to be aet forth In an article which follows the present publication. New Tork Cotton. ' New Tork, Aug. 6. With Wall street and the trade active buyera of cotton at the opening today, prices Jumped S to IS points, reaching new high levels. Early weather news from the south was un favorable and traders were again Im pressed with the activity In tho cotton goods market. ., , There was a good deal of realizing on the advance, bat active months generally showed net advances of 30 to 35 points. Pemsnd then slackened somewhat, but the market held steady and within 3 or 4 points of the best shortly after midday- . The market showed contlnujd firm ness, selling up to 45 points net higher snd holding within 4 or 5 points of the best in the afternoon. , Kansas City Ure Stock. Kansas City, Aug. 5. (U. S. Bureau of Markets.) Cattle Receipts, 1,700 head; all clssses steady; heavy Colorado steers, S8.lt; best Texas. I. 00; others. t5.50 t.sO; most cows, 14.0084.85; best vealers, t?.5O0t.OO; heavy Texas calves, $6.00 Ms. s- - Hogs Receipts, 1,700 head; market mostly 15940c lower; spots, more; best lights to shippers, 110.00. . to packers 110.50; prime 325-lb. welghta. IMS; bulk mixed loads, ll.I5Ot.50; bulk of sales. $9. 40010. SO; most packing sows, 'K.00ft S.40; stock pigs, weak with few offered. Sheep Receipts. 1.500 head; killing classes, steady; best ewes, 5.00; native lambs, 11.10. Turpentine and Bosln. Savannah, Qa.. Aug. 5. Turpentine Firm. 5c; sates, 314 bbls.; receipts, 205 bbls.; shipments. 130 bbls.; stock, I.9S3 bbls. Rosin Firm; sates. 114 casks; receipts, 35 casks: shipments, 100 casks; stock, 80.55 cssks. Quote B, $1.12 H: D, 13.15; E'r, 3.4i; Q. IJ.SIVi! H, S3.SI: 1. M"BI'" K. ll.SOei.15: M. II.I5O4.00; N, WG, 4.S54.5; WW, 15.65 6.65. Sew Tork Dry Goods. New Tork. Aug. S. Cotton goods con tinued firm today, with buying stesdy In gray goods and brown sheetings. Tsrns wre active at higher prices. Burlsps were Quiet. Wool markets also were quiet. Silks were In moderate demand for fall. Market, Financial and Industrial News of the Day Live Stock Omaha, Aug. 5. Receipts were; Cattle Hogs Sheep crucial aioruiay 12,103 6,323 urriclal Tuesday . . , 4.H61 Official Wednesday.. 5.635 Official Thursday... 4,541 Kstlmate Friday 1,700 Five days this wk.. 10,834 Same day last wk.. 14,171 Sams day S wk ago. 21,484 Same day 3 wk ato.!0,64l Same day year ago.. 11,316 5,579 10,900 1,603 7,000 35.105 31,151 54.2111 48,475 3S.2S3 :i,3u 111. 434 9.947 18,820 11,600 77,012 40,627 1,665 45,671 74,079 Receipts and disposition of live stock at tha Union stock yards. Umaha, Neb., for 24 hours ending at 3 p. m. August 6, 1921 : RECEIPTS CARS. Horses ft Cattle Hogs Sh p Mules 41 C M. & St. P. Ry. Wabash K. it 1 Mo. Pacific Ry 15 3 Union Pacific K. R. . . 10 20 '. & N. W. Ity., mt 3 4 C. & N. W. Ry., west 14 s C St. P., M. & O. Ry. 22 14 ('., H. & Q. Ry., east 17 3 C, B. A Q. Ry.. west 13 II C, R. I. & P., east. ... 3 C R. I. A P., west .... 1 Illinois Central Ry C, a. W. Ry 1 Total receipts 93 106 4; riSPOSITION HEAD. Cattle Hogs Armour Co 344 1624 rudahy Packing Co... 671 1605 Hold Packing Co L'SS 713 Morris Packing Co.... 174 844 Swrft & Co 1:3 1045 ,1. W. Murphy.'. 1664 Wilson Pscking Co. ... 7 HlKKlns Packing Co... 24 Hoffman Bros I ... Midwest Parking Co.. 14 80. Omaha Pkg. Co... 1 Benton & van Sant.. 5 J. H. Bulla W. H. Cheek 11 Dennis & Francis. ... A 5 ... Ellis & Co 3 8 John Harvey 13 F. U. Kellogg tx Joel I.undgren 24 ... F. F. Lewis 11 Monahan & Hughes.. 1 J. B. Root & Co r '! Sullivan Bros W. B. Van Sant -... Other buyers 4-6 Ogden Morris. :-:oux Falls , Smiley 3 Total 2312 Sheep 2652 749 230 1011 2118 6773 141 j5 3-71 V. 14.15; Bar SUrer. New Tork, Aug. I. Bar Silver Domes tic. MSc; foreign, 5Htc; Mexican dollars, 47 Sc. 7991 13532 Cattle Quito a liberal Friday aupply of cattle. esUmated at 2,700 head, was re ceived this morning, this Included around no ran nf feeders direct to local traders. There was not much desirable beef here and the market on both westerns ana na tives that were good was fully steady and possibly a little stronger. Prime handy weight steera reached 19.90. Plain kinds of beef was slow and weak and the cow trade was practically aemorausea, only acsttering . sales being reported. Feeders were slow at about steady prices. Salea included one string of Oregon grass beef at 37.75. Quotations on cattle; unoice to prima beeves, $9.3509.90; good to choice beeves. 8.659.36; fair to good oeeves, ss.zoib 1.60; common to fair beeves, 7.76(B).Z5; choice to orlme yearlings, 19.60(910.00; good to choice yearlings. $9.0009.60; fair to good yearlings, 18.409.00; common to fair yearlings. I7.258.26; good to choice grass beeves, 16.75)7.60: fair to gooa grass beeves, J5.76(g6.60; common to fair gr.tss beeves, $4.6006.50; Mexicans. $4.50p 6.00; choice grass heifers, $6.00i6.60; fair to good grass heifers, $5.00ig6.OO; good to choice grass cows. $5.2505.76; fair to good grass cows, $4.006.00; common to fair grass cows. $2.003.76; choice to prime feeders, $7.758.26; good to choice feeders, $7.007.75: fair to good feeders, $6.00I.OO; common to fair feeders, o."o 6.76; good to choice stockers, $6,260 7 00: fair to Kood stockers, $5.606.25; common to fair stockers, $4.765.50' stock cows, $3.764.00; stock Belters. 94.0110 6.60: stock calves, $4.607.26; veal calves, $4.0008.60; bulls, stags, etc.. $3.5004.60. BEEF STEERS. Av. Pr. No. Av. Pr. ..1107 $8 60 62 1130 $8 80 ..1080 00 1 12 811 9 71 ..1098 0 STEERS AND HEIFERS.- .. 770 9 10 62 857 9 55 .. 975 9 75 66 1021 9 90 HEIFERS. .. 850 5 00 6 826 B 45 .. 608 5 69 6 788 6 70 STOCKERS AND FEEDERS. .. 545 6 25 WESTERN CATTLE. NEBRASKA. pr. No. Av. Pr. $6 75 11 strs..l065 $6 00 66 WYOMING. S 60 9 fdrs. . 196 S 70 4 50 6 fdiV. 994 3 80 OREGON. B. B. CLARK. 14 strs,.1243 7 75 22 strs..l319 7 25 3 Strs..l200 75 CRANE CATTLE CO. 35 strs.,1003 6 85 18 strs..H57 7 15 7 strs.. 954 6 85 Hogs About 7.000 hogs were estimated for today's trade and the market ruled lower in sympathy with bearish reports from other points. Shippers bought spar ingly and packers were In no hurry to put up their killing droves. Most of the hogs sold at prices 3540c lower with ex tremes of trade 25 60c lower. Best light hogs topped at $10.76 and bulk of supply sold from 8.6510.00. HOGS. Sh. Pr. No. Av. Sh. 110 $8 60 23. .36o Chicago Grain No. 23. . 45. . 44. . 29. . 8.. 4.. 6. . No. Av. 12 strs. .1060 30 fdrs.. 769 10 fdrs.. 893 9 cows. .1143 No. Av. 61. .298 61. .327 66. .194 28. .293 72. .289 69. .261 71. .260 67. .288 78. .213 63. .260 60. .180 60. .266 89. .181 47.. 221 70 70 70 SO 8 70 8 80 8 90 9 00 9 15 9 40 60 t 80 10 00 10 00 10 26 10 40 10 65 65. .300 65. .301 61. .298 61. .287 71. .238 76. .240 70. .295 78. .221 76. .194 73. .214 46. ,221 80. .201 80 40 160 70 40 80 Pr. $8 65 8 75 8 86 8 95 9 05 9 26 9 50 9 76 9 90 10 05 10 20 10 35 10 60 By CHARLES D. MICHAELS. Chicago Tribune-Omaha Be Leased Wire. Chicago, Aug. 5. The close in wheat was near the low point of the day. A leading: elevator interest was a persistent seller of wheat through out the session- and there was pres sure from southwest interests toward the last. These same houses sold early, bought at mid-session and then were again on the selling side. Rest ing spots were 2 l-2c to 3c lower. Corn closed 1 l-4c to l-2c lower and oats declined lc to 1 l-8c. Rve closed 2 l-2c to 2, 3-4c lower and barley l-2c to 3-4c higher. Pork closed unchanged, lard 10c to 50c lower and ribs were 12 l-2c to ISc off. Local cash sales were 235,000 bushels of wheat, including 225,000 bushels to exporters, 460,000 bushels corn, including 350,000 bushels to ex porters and 54,000 bushels of oats. Seaboard rported 1,000,000 bushels of wheat and 750,000 bushels corn taken for export. Cash premiums were l-2c better, corn l-4c lower and oats unchanged. Vessel room was chartered for 500,000 bushels of wheat or corn., shippers option, at 1 3-4c to Buffalo. Wheat Prices Break. Wheat exhibited a little steadiness at the start, but a short time later prices broke sharply. There was a good trade In December at the opening. An ele vator Interest with southwest connections was the leading seller and northwest houses the best buyers. Later there was heavy selling by the same houses that sold yesterday and when that selling fin ished there waa heavy selling by brokers who were believed to be acting for ons of the principal buyers on yesterday's break. As a result of today's decline, the tech nical position of the market has been greatly strengthened. The long Interest haa been nearly all elimlted while the short Interest has broadened. There was evidence of export business on the break. Seaboard houses were giving up futures for ths cash wheat in goodly quantities early In the day. A report from the sea board shortly after tne opening saia mat Belaium took 260.000 bushels of wheat and Winnipeg heard of. two cargoes of wheat being worked. Local receipts were 320 cars. Heavy Export Trade. Corn held fairly well during the early trading, buying being led by brokers act ing for elevator Interests. However, the break in wheat induced much Belling by locals as well as commission houses and September told to a new low point on the crop. A fairly big export business was put through in corn on overnight offers, as seaboard Interests were exchanging the futures for tho cssh. Tho movement of corn shows no improvement, the estimate being 110 cars. Oats started steady but firmed on lm proved support coming from an elevator interest. On the upturn, heavy selling of oats by a commission house took tne edge off the market. Locals wore inclined to support the market in weak spots. Cash nuts onened Vic lower. No. 2 white sold at 2c under September. There were 240,- 000 bushels oats shipped out by lake yes terday to Buffalo for export. country offerings were repotted fair today, ksti mated recelots were for 380 cars. Cash rye, 2c lower. No. 2 sold at $1.08' to $1.09W. Cash barley unchanged to firm. Malt ing sales ranged between 54 and 62c. Pit Notes. Some hedging of wheat went into the December today. There was also con, IH.rahli, hn r If -BnrPSil ing. Selling Of SOP tember and buying of December, but it also was noticed that there waB considerable quiet buying of the near montn. rorm west houses bought December. i,,h nf ih. neiiinir of wheat was credit local elevator interest, ...a ih.r was selling at the start by several of the cash houses, indicating fairly liberal country offerings. -Belgium and continental houses bought wheat overnignr, saies ainuuuiuii about 260,000 bushels. Winnipeg reports two cargoes of wheat said to be sold to the continent. There were bids for wheat here, but no reports of sales were given out. Th. irai sentiment in regard to wheat apparently has undergone considerable change In regard to prices. 'tne opinion still prevails that ultimately the worlds wheat conditions will mean much higher prices, but Just at the present holders have been discouraged and the influence of big receipts ana tne mnuiereni mjjwu demand have been sufficient to keep out side support down to a minimum, leaving the market In a weak position to with stand the selling by cash Interests. The lack of confidence In prices has been evident among traders in coarse grains also, with bullish news apparently stale and ineffective. Liverpool lard prices were weak; 3d off on rofined spot and 3s, 3d lower for September. This had considerable ef fect here In causing free selling as wen as the set back in nog prices. CHICAGO CLOSING PRICES. By Updike Grain Co. DO. 2627. Aug. ! Omaha Grab Art. I Open. I High. I Cow. I Close. Yeat sheen Todav's run of sheen and Iambs amounted to 11.600 head and fat lamba were in fair request at strong prices, while fat sheep ruled steady and feeders were slow. Best fat lambs were quoted up to $10.2510.35 and good fat ewos sold at $5.00, wethers at $6.00, and a few yearlings at $6.60. Demand for feeders was rather quiet at the recent advance but good feeding lambs are still quoted up to $7.75 or better. Quotations on sheep and lambs: Fat lambs, westerns. $9.2510.35; fat lambs, natives, $8.759.50; feeder lambs, $7,004 8.00; cull lambs, $5.00.60; fat year lings, $5.606.75; fat ewes, $3.265.10; fed ewes, $2.253.26; cull ewes, $1.60. FAT LAMBS. No. Av. Pr. No. Av. 282 Ida. .64 $9 T5 227 Ida. .68 629 Ida.. 76 10 25 ' 643 Ida.. 64 714 Ida. .76 90 FEEDER LAMBS. 301 Ida. .67 8 00 326 Ida. .60 318 Ida. .66 7 75 137 Ida. .63 FEEDER TEARLINGS. 200 Ore. .80 5 60 WETHERS. 45 Ore '..98 5 25 TEARLINGS. 106 Ore.. 75 6 00 Pr. $9 25 10 00 7 60 T 35 Chicago Live Stock. Chicago, Aug. 5. Cattle Receipts 4,000 head: market slow: quality plain; best vearlinirn here $10.00; bulk beef steers, $7 009.60; bulk fat cows and heifers, $4 006.50; canners and cutters, $2.25 3 25; bulk bulls. $4.5005.75; light veal calves mostly, $9.009.50; heavies, $6.00 7.00. Hogs Receipts 34.000 head: market opened 25c to 60c lower; closed better grades, 35c to 60c lower; others 60c to $1.00 lower than yesterday's average. Packing grades off most; another liberal holdover; top. $10.95, one load; bulk light n,i llrht butchers. I10.3510.90; bulk nnrklni sows. $8.6009.00; pigs. 50c to 76c lower; desirable pigs, $9.7510.15. Sheep and Lambs Receipts 11,000 head; market, native lambs steady to 15c hiRher; mostly steady: top to city butchers, $10.40; tnn iims- bulk. t9. 60 10.00: western lambs. 25c higher, 10 loads tin US- abeen staadv to 25c lower: spots, 50c off: bulk. $3.254.25; no choice lambs here. Sioux City IJVe Stock. Sioux City. Ia., Aug. 5. Cattle Re ceipts, 700 head: market steady; beef steers, $6. 6009.26: fed yearlings, $6.00 10.00; grass steers, $4. 507.00; fat Cows and heifers, $4.0Og.00; canners, $1.00 4.00: veals, 14.0097.00; grass cows, $1.50 6.50; calves, $3.6006.50; feeding cows and heifers. 1 2. 60 5.00; stockers and feed ers. $4.0001.75. Hogs Receipts, 4,000 head; market. 25 l40o lower, light, $10.00610.50; mixed 9.00910.00; heavy, 8.0069.26; bulk of sales. 8.5010.00. Shep Not quoted. St. Joseph I.lve Stork. St. Joseph, Aug. 6. Cattle Receipts. 40u head; market for fed cattle, strong to higher: others, steady to weak: steers, II.26&9.75; cows and heifers, lt.00tj9.5O; calves. $6,0047.60. Hogs Receipts, 4.000 head; market. 25 0 40c lower: top. $10.15; bulk. $9.00 10.40. Sheep Receipts, 4.600 head; market for lambs, slow and lower; sheep, steady; lambs, $9.00010.00; ewes, $4,008 5.00. Wht Sep. Dec. Rye Sep. Dec. Corn Sep. Dec. Oata Sep. Dec. Pork Sep. Lard Sep. Oct. Jan. Ribs Sep. Oct. 1.2114 1.20 1.24 1.24U I 1.11 1.08 M .68 Vi .37 .37 .4014 .40 18.55 1 11.62 11.75 10.25 I 10.30 10.20 1.2154 i.'24Vi I. 1.1154 1.09 .5854 "5854 .37 ,40 18.56 11.67 11.76 10.25 10.36 10.20 1.18 1.2154 1.08 1.08 .56 "si" .36 .39 IS. 60 11.30 11.40 10.00 110.25 10.12 1.18 1.18 1.21ft 1.22 1.08 1.08 .56 .66 .67 .3654 .39 ,".39 .8.55 11. SO 1.40 10.20 10.30 10.17 1.21 1.24 1-24 1.1154 1.10 y .57 "68 .68 .37 .40 .40 18.65 11.80 11.90 10.30 I 110.45 110.30 Minneapolis Grain. Minneapolis. Aug. 6. Flour 1525c lower; in car load lots, family patents, quoted at $8.258.60 a bbl. In 98 pound cotton sacks. Bran $15.00. Wheat Receipts, 229 cars, compared with 76 cars a year ago. Cash, No. 1 northern, $1.305401.40 54; September, $1.2554; December. $1.25. Corn No. S yellow, 5061e. Oats No. I white, 3054 31c. Barley 40 60c. Rye No. 2, 99c$1.00. Flax No. 1, $1.941.9. St. Louis Grain. St. Louis, Aug, 6. Wheat September, $1.14; December, $1.20 bid. Corn September, 6 3 54 53c; Decem ber, 6464c. Oata September. 33 c bid. Kansas City Grain. Kansas City, Aug. S.i Wheat Septem ber. $1.08; December, $1.12. Corn September, 47 c; , December, 48 c. Boston W00L Boston. Aug. 6. The Commercial Bul letin tomorrow will say: "Tho demand for wool has continued In fair proportions during the week, with the chief call for three-eights grades and finer. The government wool auction Thursday waa rather unsatisfactory, with less than 50 per cent sold at pricea which were a bit easier. Western buying pro ceeds slowly at unchanged rates. "The goods market Is In a healthy frame of mind, the qaenlngs of light weights thus far havingr met with a very satisfactory response. Prices In the primary markets rema'n fsirly steady, with good clearances re ported." Scoured basis: Wisconsin Half blood. 23j)24c: three slghths blood, 22c; one-fourth blood, 214 22c. Texas Fine 12 months, 65f7oc; fine eight months, 60 55c. California Northern, 70fi)75c; middlo county, 66t8c; southern, 60066c. Oregon Eastern No. 1 staple, 78 80c; eastern clothing, 60 66c; valley No. 1, 86 70c. Territory Fine staple choice. SO085c; one-halt blood combing. 68 072c; three eighths blood combing. 4864c; one-quarter blood combing. 384?40c; fine and fine medium clothing, 60663c; fine and fine medium French combing, 6570c. Pulled: Delaine A. 85e; . AA supers, 707oc; A supers. S070c. - Mohairs Best combing, 27 30c: best carding, 23026c. Linseed Oil. Duluth. Aug. 6. Linseed on track and arrive, 2.00c, Aug. 5, 1921. Wheat receipts today were liberal, but continue to show a decrease as compared with the recent very heavy arrivals. Receipts were 168 cars, against 339 cars a week ago and 153 cars last year this date. Corn ar rivals today were 46 cars and oats 36. Wheat prices were lc.to 3c lower. Corn was unchanged to JjC off. Mixed was unchanged and yellow and white lie lower. Oats were J-ic lower. Rye declined 2c and barley was not much changed. Oats finally sold at a decline of J4c to lc. WHEAT. No. 1 bard: 1 car, $1.12 (dark); 2 cars, $1.10; I car, $1.10 (70 per cent dark); 2 cars, $1.09; 2 cars, $1.07 (yellow). No. 2 hard: 1 car, $1.12 (dark); 1 car, $1.11 (dark smutty); 1 car, $1.10 (70 per cent dark): 1 car, $1.10 (dark smutty): 6 cars, 11.09 (dark smutty): 1 car, $1.09; 1 car, 11.09 (70 per cent dark smutty); cars, $1.08; 1 car, $1.08 (smutty); 1 car, $1.07 (smutty); 3 cars, $1.07; 1 car, $1.07 (smutty); 4 cars. $1.07 (yellow); 11 cars, $1.06 ;J0 cars, $1.06 (yellow); 8 cars, $1.05 (yellow); 1 car, $1.04 (yellow). No. 3 hard: 1 car, $1.14 (dark): 1 car, $1.14 (dark smutty); 4 cars, $1.13 (dark smutty): 1 car. $1.11 (dark amutty); 1 car, $1.09; 2 cars, $1.08 (dark smutty); 1 car, $1.08 (dark very smutty); 1 car, $1.06: 1 car, $1.06 (smutty)i 2 csrs, $1.06; 1 car, $1.06 (smutty); 2 cars, $1.06 (yellow); 1 car, $1.06 (smutty): 7 cars, $1.05 (yellow): 1 car, $1.04 (smutty); 3 2-5 cars, $1.03 (yellow). No. 4 hard: 1 car, $1.10 (dark smutty); 1 car, $1.08 (75 per cent dark, 3.8 per cent rve); 1 car, $1.06 (dark smutty); 1 car, $1.05; 2 cars, $1.05 (yellow); 2 cars, $1.04 (yellow). No. 5 hard: 1 car, $1.08 ( per cent rye, smutty); 3-5 car, $1.00 (yellow). Sample hard: 1 car, $1.03; 1 car, $1.02; 1 car, $1.00. No. 3 mixed: 1 car, $1.05. CORN. No. 1 white: 14 cars, 46c. No. 2 white: 2 cars, 46c. No. 1 yellow: 2 cars, 48c (shippers' weights); 1 car, 48c. No. 2 yellow; 1 car, 48c (shippers' weights). No. 6 yellow: 1 car, 46c. ' No. 1 mixed: 1 car. 46c (near yellow): 1 car, 46o (shippers' weights); 3 cars, 46 c No.' 2 mixed: 1 car, 45c; 1 car, 45c (no tonnage). No. 3 mixed: 1 car, 44 c. Sample mixed: 1 car, 44c. OATS. No. 3 white: 6 cars, 32c: 1 car, 30c; 8 CRrs, 30c (new); 2 cars. 29n (26 lbs.). No. 4 white: 1 car, 32c; 1 car, 30c; 1 car, 29c; 4 cars, 29c; 1 car, 28c (25 lbs.). RYE. No. 3: 1 ear, 9ac. BARLEY. No. 2: 1 car, 61c. OMAHA RECEIPTS AND SHIPMENTS. Week Year Today Ago Ago 168 339 1&3 46 45 13 39 28 18 1 4 2 0 2 0 'inancia ial Wheat Corn Oats Rye Barley Shipments Wheat Corn Oats Rye Barley ..187 185 111 .. 73 64 25 .. 13 8 U . . 1 0 3 .'. 5 2 4 CHICAGO CAR LOT RECEIPTS, Week Year Today Ago Ago Wheat 320 ... 186 Corn 110 ... 71 Oats 380 ... 94 KANSAS CITY CAR LOT RECEIPTS. Week Year Today Ago Ago Wheat 475 706 24(1 Corn 26 22 S Oats 45 22 125 ST. LOUIS CAR LOT RFCEIPTS. lyt Week Year Today Ago Ao Wheat 34R 389 295 Corn 47 88 22 Oats 61 99 66 NORTHWESTERN CAR LOT RECEIPTS OF WHEAT. Week Year Today Ago Ago Minneapolis 259 203 75 Duluth 72 68 39 Winnipeg 38 79 143 PRIMARY RECEIPTS AND SHIPMENTS. Receipts Today YearAiro Wheat 2,368,000 1,628,000 Corn 624,000 327,000 Oats 1,796,000 669,000 Shipments Wheat 1,938,000 910,000 Corn 411,000 316,000 Oats 633,000 521,000 EXPORT CLEARANCES. Today Year Aeo wneai 262,000 895.000 Corn 20,000 Oats By ALEXANDER DANA NOYES, Chicago Tribune-Omaha Bee Leased Wire, New York, Aug. 5. There was more significance in the movement of other markets today than in the course of prices on the stock ex cnange. I he vigorous advance m cotton was especially worth watch ing, both because of the peculiar situation in the matter of prospective supplies and because anv consid erable recovery in price will test the question when and at what figure the cotton behind the south s frozen credits will be released. While the day's cotton market ad vanced, the days wheat market de clined again and ended 6 cents i bushel lower than a week ago. This was no doubt the trade's response to the suddenly discovered reversal of their "holding policy" by the farm ers. Less attention seemed to be paid to the export figures, which to day, a9 summed up for the week, marked the largest shipment from both coasts since last September, a movement exceeded in only four weeks ot iyU. Stork Market Weak. The stock market was weak, with a con. sldorable number of net declines running to 1 and 2 points and including both rail way and industrial shares. Wall street professed to ascribe tho weakness not only to tne days t per cent call money market. but to the probability of other dividend reductions and tho prospect of a decrease in orders on hand in next week's monthly statement of the steel corporation. But a better explanation is that the particular impulse behind the recent recovery had apparently spent its force and that the room trading fraternity was therefore dis Dosed to sell. Bonds, as a rule, were slightly lower, the rather noteworthy exception being a rapid advance in the tax exempt United States 3 per cents. This reflected an effort of somebody to capitalise Secretary Mellon estimate of increased public expendlturea and of the necessity or an increased laxa tlon durinsr the present fiscal year. Week end reviews of the state of trade by the mercantile agencies have been growing more cheerful since the middle of July and tnis week is not an exception. Revival of business, it is now reported, cannot yet be described as general, but it has become sufficiently well defined in some quarters to strengthen hopeful viewyi. Bradstreet's Trade Review. New York, Aug. 5. Bradstreet's tomor row will sav: "Previous renorts of current quiet but of increased optimism as to the future remain good. The number of favorable indications has increased with the pas sage of another week, bringing nearer the advent of regular fall trade. Perhaps chief in Importance in the latter direction may be better realization of tha strength of commodity prices during July. Another favorable development has been the check inc in most states bv rains of the de terloration shown in the corn crop caused bv oast heat and drought. The crop prospect, however, is not entirely a favor- abio one. "Other features of the week have been a continuance of the relative steadiness of the stock market after its "creeping rise from the low point in June; a slight increaso In buying of iron and steel, based on immediate needs on which railway re pairs and renewals are prominent, accom panying a slight gain in capacity; better reports as to railway earnings in june; larger buying of wool, based on good orders for next spring and a very firm market for most cotton goods." Wekly bank clearances, $6,548,228,000. Liberty Bond Prices. New York, Aug. 6. Liberty bonds at noon: 3s. 86.62; first 4s. 87.80 bid; second 4s. 87.64: first iVt. 88.00; second 4V4s, 87.74; third 4V4s, 92.00; fourth 45-is, 87.74; Victory 3s, 98.82; Victory 4s, 98 78. Liberty bonds closed: 3s. $88.20; first 4s, $87.90; second 4s. 87.64; first 454s, $87.82; second 454s, $87.62; third, 4Vs, $91.90; fourth 454s, $87.80; victory 3s, $98.74; victory 4s, $98.70. New York Produce. New York, Aug. 6. Butter Weaker; creamery, higher than extras. 4546c; creamery extras, 4444c; creamery firsts, 3943c. Eggs Irregular; unchanged. Cheese Quiet; unchanged. Poultry Live, steady; broilers, 3038c: fowls, 27 30c. Dressed, quiet; unchanged. London Money, London, Aug. 6. Bar Silver 38 d per ounce. Money 3i per cent. lllanntmt TlatASlinrl hills 4 9.16 tmr 102,000 I cent, 3 months' bills, 4 per cent. New York Quotations Rang of prices ot the leading stocks furnished by Logan & Bryan, Peters Trust building: RAILS Thurs. High Low Close Close A T A 8 F 8;, 84 84 85 Baltimore & Ohio. 39 88 38 39 Canadian Pacific. .11 4 113 113 114 rv. x. ventral..., ui vuh 3 Ches. ft Ohio 65 66 66 Erie R R 13 13 1.1 Ot. Northern pfd. 76 73 73 Chi Ot Western.. 7 7 7 Illinois Central ... 94 5i 94 94 Kan City Southern 26 25 , 26 Missouri Pacific. ,, 20 20 20 N Y N H& H 17 16 16 North Pacific Ry. 77 76 76 Chi & N W 67" 66 66 Penn R R 37 .17 37 !i Reading Co 70 69 69 C R I A P S3 32 32 Southern Pacifio .78 76 76 Southern Railway. 20 20 20 Chi Mil St P.... 27 26 27 Union Pacific ....121 120 12054 121 wauasn t ?u STEEL Am Car Fdry.,125 124 124 66 14 96 26 20 17 78 67 ,18 70 33 78 20 27 ASIs-Chalmers ... 31 30 Am Loco Co 83 83 uaiawin .loco...., ,8 76 Heth Steel 61 50 Crucible Steel .... 655i 64 Am. Steel Fdrs.... 26 21 Lackawanna Steel. 39 S9 Mldvale S. 4 O... 26 24 P. S. Car 60 60 Rep. I. & S 47 46 Ry. Steel Sprg 77 77 Sloss-Shef. 8. & I. 34 li 34 U. S. Steel 75 74 LUrrKKS. Anaconda Cop S7 36 Am. S. & R 37 36 B. & S. Min 12 12VI. Chile Copper 10 10 Chlno Copper 23 22 calumet & Arlx Insp. Cons. Cop... 33 33 Kennecott Copper.. 1954 18 Miami Copper 21 20 Nev. Cons. Cop.... 10 10 Ray Cons. Cop.... 12 12 Utah Copper 47 46 INDUSTRIALS. A., G. & W. I. S. S. 24 23 23 23 30 83 77 5s 60 64 26 39 24 60 46 77 34 74 36 36 12 10 22 33 18 20 10 12 47 31 84 78 61 56 26 39 24 60 47 78 76" S7 12 10 23 48 19 iii" 12 47 Ant Int. Corp.... 33 33 33 34 Am. Sum. Tob.... 49 48 49 49 Am. T. & T 10554 105 105 106 Am. Agr. Ch. Pro. 34 34 34 .... Bosch Magneto ... 30!i 3 0 54 3 0 .... Cont. Can 45 Am. Can Co 27 26 27 27 Chand. Motor Car 48 47 48 48 Cen. Leather Co.. 33 32 33 33 Cuba Cane S'r Co. 11 10 10 10 Cal. Packing Corp. 61 61 61 6154 Cal. Pet. Corp.... 36 34 34 Corn Prod. Rfg... 6854 67 67 68 Nat. En. & St 48 48 48 Fisk Rubber Co... 9 9 9 954 Gen. Electric Co. .118 117 118 119 Gt. Northern Ore. 28 27 27 28 Gen. Motors Co... 10 10 10 10 Goodrich Co 32 32 32 33 Int. Harvester 74 73 73 74 Haskell & Br. Car 68 U. S. Ind. Al. Co.. 49 48 48 50 Int. Nickel 14 13 13 14 Inter. Paper Co.. 62 54 61 61 61 Island Oil .. 3 3 3 2 AJax Rubber Co.. 23 22 23 23ffl Kelly-Spring. T... 41 40 40 4154 Keystone T. Sr. R.. 13 13 13 14 Mex. Petroleum... 107 54 1 04 105 10754 Middle States Oil.. 12 11 11 12 Pure Oil Co 2 7 54 2 6 26 27 Willys-Overland .. 6 6 6 6 Pacific Oil 36 35 36 36 Pan-Am Pet, Tran 48 47 48 49 Pierce-Arrow Mot. 14 14 14 14 Royal Dutch Co... 51 6 1 54 6 1 54 6 2 U S Rubber Co 62 61 62 53 Am Bug Rfg Co... 67 66 66 66 Sinclair Oil & Rfg 20 20 20 20 Sears-Roebuck Co. 65 65 65 65 Stromsberg Carp.. 30 30 30 111 Studebaker Corp.. 79 77 77 78 Tob Pdcts Co 68 67 67 68 Trans-Con'tal Oil.. 8 7 7 8 Texas Co 36 J4 34 36 U S Food Pr Corp 17 17 17 17 White Motor Co.. 35 34 35 West'gh'se El, Mfg 4454 43 44 43 Am Woolen Co... 70 69 70 70 Total shares sold, 469,800. Money Close, 6 per cent. Sterling Closo. $3.69: Thursday's close. $3.67. Bonds and Notes The following quotations furnished by tho Omaha Trust company: Ap. Bid Asked Yield 1941 96 97 1.80 ' ... 1922 98 99 $.00 . 1924 97 97 1.10 93 93 $.16 97 97 1.38 . ,11 10(1 101 7.90 . 1945, .101 10$ 7.30 Chicago Produce. Chicago, Aug. 5. Butter Lower; cream ery extras, 42c; standards, 39c; firsts, 37rcp4ittc; seconds, 33ra3Kc. Eggs Unchanged; receipts, 7,614 cases. poultry Alive, lower; fowls. 220128c; broilers, 27 if 28c. ' Chicago Potatoes. Chicago, Aug. 5. Potatoes Receipts. 44 cars; market, strong: Missouri. $2.25 2.50 cwt.: Kansas, $1.50811.86 cwt.: Jer sey, $3.153.26 cwt.; Idaho, $3.00 cwt.: Nebraska, $2.8002.95 cwt.; Virginia. $6.00 per bbl. RAINBOW OVERALLS World of wear in every pair. Union Made Sold exclusively at PHILIP'S DEPT. STORE 24th and O Street Remodeling Sale at Philips Omaha's Fastest Growing Department Store Here Are the Biggest Bargains in Town! enasBeassasnsDB sxasssasassaa esassaxeas eassassaBaBeaeasasaBBBSB' eanBaaaisannBasanaBnennaasa ajeaa eenBaaeBBBBaejaeaaai Do you want that comfortable feeling of good looking dresses and inexpensive wardrobe? Then come and see our stock of MINA TAYLOR DRESSES while it is complete and you can make your own selections. We have made a cash purchase of 800 Mina Taylor Dresses which will be on sale Friday and Saturday only. These are the garments that usually sell up to $11.50. . REMODELING SALE PRICES. lot no. h $S. 98 L0TN0- 2 $2. 98 MEN'S COLLARS Soft and Stiff Collars, latest patterns and styles, $ ! ff 10 for J)! eUU 1400 MEN'S SHIRTS Beau Brummel, Selecto, and Perfecto Brands. All sizes, with or without collars, regular values $2.50 QQ remodeling; sale price, each fOC LACE CURTAINS, ISO pairs of full sis. 40 inch by 54 inch, white or ecru, regular $3.50 value, per pair, remodeling sale J 1 7 C price, per pair 4)Xe0 TABLE CLOTHS, mercerized full bleached Damask cloth of exceptionally fine quality, regu lar price $1.75, per yard, 7Q remodeling sale .price f7C 25 PIECE ENGLISH BREAKFAST SET nicely decorated china, per set, Oi 7E remodeling sale price PTi O STRATFORD CRETONNE, a fancy flowered material that will be fine for drapes, couch covers or pillow cases, regular 49c value, remodeling sale price, QQ per yard eMtC OUTING FLANNEL 27-inches wide, white, regular 18c quality, remodeling sale price, 1 A per yard 1 C CRASH TOWELING, a full IS inch, good quality, absorbent toweling, fast color turkey red border, remodeling sale price, tf ff 10 yards for PlVlU SHOE CUSTOMERS, ATTENTION!! Here is a Men's Blue Ribbon, chocolate, elk hide seamless, hard tip, Goodyear Munson last, D width, shoe in lizes 6 to 11, per pair, remodeling 45 BUNGALOW APRONS, the slipover kind. Regular $2.25 values. Sizes 34 to 44. Remodeling Sale Price 98c Some of these bargains are needed in your home; come and be surprised at the wonderful values. 24th and O St:. MAIL ORDERS SOLICITED South Omaha Ask for Creen Trading Stamps They Are Given With Each Purchase. Am. Afrl. ('hem, American T. f. American 'I'. Anaconda 7a Armour 7s I Helgfan Gov't . . Brlalan Gov't ',' Bethlehem Steel 7s, 1923.. T-27 British (Us. IIK 6.20 Brltlih 6Hs. l2s 7.24 British tm, 1:I7 7tt US .7( '. H. & Q. It. IUl. la..100S 101 (.40 C. C. C. & St. U s, !... 10 91H4 7.S0 Chile Ss. 1941 W i 16 Denmark ss, 1945 102 102ft 7.77 t'nnrh Gov't ss. 1S4S 100 bid B. F. Goodrich 7s. 1986.. , 1 l 1,70 Gulf Oil Corp. 7e. 1933 97 s T.6 Jap. Gov't 1st H. 1925.. H 85ft 9.45 Jap. Gov't 4s. 1931 704s 70ft .0 Norway s, 1940 lOJft 104 7.60 N'th. Bell Tel Co.. 7s. 1941 109 102ft 6.76 N. T. Central 7s, 19S0 102 102ft 6.60 Packard 8s. 1931 96 9Sft M6 Penn. R. R. Co., 7s, 1930..1OS',i 104 6.40 South. Bell 7s. 1926 9 9SV4 7-60 Swift & Co. 7s. 1926 97 7ft T.75 Swiss Govt. 8s, 1940 106 106 7. SS Tidewater Oil 6fts. 1930.. 96ft 95i 6.90 U. S. Rubber 7fts. 1930. ..101ft 102 7.90 Vacuum Oil 7s. 1936 101 101ft 6.S7 West. El. 7s, 1931 102 102ft 6.64 New York Curb Storks. The following quotations are furnished by Logan & Bryan: Allied Oil 6 Boston Montana 68 42 69 Boston Wyoming- "8 4 80 Cresson Gold 1 4 tP i Cosden Oil 6ft 6 Consolidated Copper 1 ffl l'i Elk Basin 8 W ft1 6 Federal Oil- 11 3-16 Olenrock Oil 92 96 Island Oil 3 & .... Merrlt Oil ft 8 Midwest Refining- Co 135 146 Silver Kins of Arizona 10 4i 20 Sapulpa Oil 3ft 3H Slmms Petroleum 6. fit 8 Tonopah Plvide 80 Tonnpah Extension a v IT. 8. Steamship 35 37 V. S. Retail Candy 6 ft 6ft White Oil 8 8 Foreign Exchange Rates. Following are today's rates of exchange as compared with the par valuation. Fur nished by the Peters National bank: Par Valuation. Today. Austria .SO Belgium 195 Canada 1.00 Czecho-Slovakia Denmark 27 England 4.88 Franca 193 Germany 238 Greece '. 196 Italy 196 Jugo-Slavla Norway 27 Poland Sweden 27 Switzerland 196 .0014 .0746 .895 .013 .1646 3.60 .0776 .0125 .0656 .0433 .006 .1277 .0006 .2065 .1665 Chicago Stocks. The following quotations are furnished by Logan & Bryan: Armour & Co. pfd Armour Leather Co., common.. Armour Leather Co., pfd Commonwealth Edison Co Cudahy Packing Co., common. Continental Motors Hartman Corporation, common Llbby, McNeil & Libby Montgomery Ward Co National Leather 8 Reo Motor Car Co. " Swift & Co 98 ft Swift International 24 ft Union Carbide & Carbon Co 45 ft . 91 '4 . 12ft . 84 .109 . 66 . 64 . 76 . H in Jfew lork Sugar. , , New Yorlc Aug. 6. The raw sugar market was steady and unchanged, but trading was auiet and the only salea re ported were 18,000 bags of Porto Rlcos in port at 4.86c for centrifugal. Prices were quoted at 3fto for Cubas, c. 1. f.. equal to 4.86c for centrifugal. South Side Diphtheria On South Side Fatal To Three in Day Deaths of Children Occur Soon After Order Banning All Public Meetings in Infected Area. Three deaths from diphtheria were reported to the city health de partment yesterday from the disease infected area in the southwest por tion of the South Side. These reports came on the heels of orders issued by City Health Commissioner A, S. Pinto banning all public meetings or assemblages in that section until the situation is cleared up. These deaths were reported: John Starr, 2, son of Mrs. Marie Starr, 3714 W street, who now lies afflicted with the same disease in the City Emergency hospital beside her baby daughter, Veronica. John's brother, Joseph, 2, died of the dis ease last week. Joseph C, Siepman, 9, son of Joseph J. Siepman, 3704 R street. Edward &kutink, 7, son of Jacob Skutink, 4521 South Thirty-eighth street. There were six new cases of diph theria reported yesterday, bringing the total up to 35, The area set by Dr. Pinto where meetings are barred extends from P street south to the city limits and from Thirtieth street west of Forty second street. Sunday school sessions, picnics, wakes and any public gatherings are included in Dr. Pinto's definition oi assemblages. Negro Pugilist Fined For Carrying Weapon Ed (Bearcat) Wright, negro pugi list, 2919 R street, was fined $10 by Judge Wappich in South Side police court yesterday on charges of car rying concealed weapons. James Jefferson, negro, 3639 Z street, who was arrested with him in Mandan park, was discharged. E, Samler, 2648 Y street, and Horace Sanford, negroes, 2824 Q street, also were fined $10 each on a similar charge. South Side Brevities For rent. 2 unfurnished rooms. 4429 So. 20th St., phone Market 2103. For Sale At a bargain, 6-room house, all modern; 3 -room house, water and lights. Call Market 1072. .y . Rum sleuths told Judge ' Wappich In South Side police court yeeterday they found a five-gallon Jug of nquor and 86 bottles of beer In tha rooming house at S12S R street, during a raid. Morris Shapiro, whom they arrested, denied all knowledge or tne liquor, but was fined 1100 by Judge wappich. lor Illegal pos session. Grand Opening Sat, Aug. 6th Cut Price Grocery Company CASH AND CARRY Formerly Welsh's Grocery Store For IS years located on L and 24th St South Side $1.89 Sugar, 100-lb. sack, dJ PO best granulated . . . vOeOeti Sugar, l6-lb. sack, best 2Q granulated pure cane. . . .OOC Dutch Cleanser, 2 csns 21c Carnation and Elkhorn Milk, 2 tall cans 1ft. for .iyc Pork and Beans, good grade, reg ular 15c cans, OQ 2 for e&OC Spaghetti and Macaroni, regular 10c package, O f 3 for-. 1 C Swansdown Cake Flour, 07 regular 60c size, for. . . . J C Gold Dust, large package for. 26c Rub-No-More Soap, 10 big bars 58c Lipton's Tea, regular ' '7p7g 95c, per lb. for C 48-lb. sack Gooch Flour Walter Baker's Choco late, per lb , . . . 47c Toilet Paper, regular 15c rolls, 3 for, . . . 23c Mazola Oil, pints 29c Arm & Hanmer Soda, regular 10c pkg 8c Kellogg's Cornflakes or Post Toasties, large size, no two for OO C Rice, fancy head, 4 lbs. for 22c Fruit in a large bottle 33c Karo Syrup, 5-lb. pail for 29c Peas, Corn, Tomatoes, f regular 15c cans 1UC Open Until 10 o'Clock GRAIN-- 117 E 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" 1 .1
