hlE BEE: OMAHA, TI1UKSUAY, AUGUST ll, 1921.
Export Business
Of U. S. Said To
Be Threatened
Banker Predicts Increase in
Raw Material Trade, But
Fears Slump in Manu
factured Goods.
By HOLLAND.
Rudolph S. Hecht, who is presi
dent of one of the large banking
institutions of New Orleans, is re
ported to have aid to his friends
immediately after his return from
Great Britain and Europe that he
saw and heard enough to justify
him in saying that the principal Eu
ropean nations have not been ex
hausted, although they have been se
riously impaired in their industries
and their agriculture. They pos
sessed strength hitherto latent which
is now enabling them to recuperate.
Therefore Mr. Hecht is persuaded
that these nations will continue to
niake heavy demand for some Amer
ican raw materials. Cotton for in
stance, copper and of course food
stuffs. Cotton is indispensable, if Ger
many, BelRium, Rouinania and even
Great Britain are to regain their
former industrial prestige. But raw
cotton of the kind chiefly used in
the European manufacture of cotton
goods can be found nowhere else
than in the United States. Mr. Hecht
is in full accord with other authori
ties who regard it as inevitable that
within a few months a heavy in
crease in the export of cotton to
Europe will be made.
V. 8. Labor Coat.
On th other hand, Mr. Heoht doss not
feel especially encouraged about the main,
ttnance, certainly not about the Increase
in ouiv exports of manufactured products.
On reason why he la thus apprehensive
la based upon the labor costs which are
proportionately the larger part of the
oost of manufacture In the United States.
In Germany where labor la tha funda
mental means by which the reparations
can be paid and Uerman Industry restored,
labor receives on tha average a little under
II a day, whereas the American work
man averages at least $6 a day. That
brief statement In part explains why
It Is that Germany Is successfully enter
ing the world's market and why Mr. Hecht
Is apprehensive lest our exports of manu
factures bo greatly decreased.
Yet the exports of American manu
factured articles formed a considerable
part of our share In the International
trade of the year which ended on De
cember St. In fact there was an Increase
In our exports of manufactured products.
Seven year ago American manufactured
articles constituted only about one-sixth
of the manufactured products In the en
tire International trade. But In 1820 our
own manufactured articles amounted to
about one-third of all the manufactures
entering into international trade.
Can America Hold Trade.
A question of the utmost Importance Is
caused by the consideration suggested by
Mr. Hecht respecting our exports vt man
ufacture. The question Is this: can we
Increase or even hold th large Intor
natlonal trade manufactured article which
we are fortunate enough to secure. It is
only within JO years that American man
ufacture have constituted any consider
able part of our exports.
v.iuh.r rimta there sDDsar to be any
understanding or apprehension cn the
part of the labor organization of tha
United State that a very dangerous com
petitor ha arlen. German labor at an
average of a little under II a day Is ac
tually In competition with American labor
whose average la 16 a day. The Germans
who work In the factories wnicn are turn
ing out manufactured articles receive pay
which is o small that It is possible to
manufacture these commodities and mar
ket them elsewhere In the world at a price
which other nations cannot meet.
Must Bo Wage Stabilisation.
No one; expects or desires American la
bor to ba paid wages comparable with
those which the German workmen receive.
But It does seem as though labor should
understand that unless It offsets this Ger
man competition It Is In serious danger.
There must be stabilization of wages and
there must be greater efficiency than even
ini.trtnii fterninn workman give.
We hava already demonstrated that we
oan pay the highest wages received by
workmen anywhere Jn the world and yet
Increase our exports of manufactured proa
ucts from one-sixth to one-third of the
total world' export of these products.
This has been accomplished through the
utllinatlon of the most highly perfected
machinery and pparatu and also through
a high degree of efficiency which has
been given on tha whole by American wage
earner. In this way the cost of produc
tion la reduced to a minimum, more than
offsetting the difference between wage
paid to American workmen and the wage
paid to the workmen of other land.
. Kansas City X.W Stock.
Kansa City. Aug. 10. (U. S. Bureau
of Markets). Cattle Receipts. 14,000
head: best beef steers steady to trong,
top heavies, 110.50; other fed lots, 19.60
10.15; other grades weak to 25o lower;
better grade she stocks, steady to strong;
good and choice bow. 6.006.T6; msd tim
kind weak, jnostly .0084.60; veallng
heifers, IS.00; stockers and feeders, "tfBdy
to 15o lower; fleshy heavy feede". JS-3&J
other kinds, mostly 6.607.50; bulk
stockers. 5.00i86.75: other classes mostly
steady, practically top on vealers. 17.60,
many calves, i.50 fji 8.00 ; most canner.
,JHo?i3-5Recelpt, 7.000 head: bet light
and medium to packers and shipper 10
SOe lower than yesterday's average, some
t c Sw": om. late bids. 50 40c; lower
top. $10.80; packer top, $10.50; bulk of
sales. $.2510.60; 60 elect 10-pound
stock pigs. 110-60; bulk good kind, 110.50
J10.75: mixed, steady to strong.
Sheep and Lambs-Receipts, 8.000 head;
sheen and lamb fully H6c lower; most fat
natfv ewes? 14.00 4.50; best native
"ambs. 007 western lambs. 1625c low
r; top Utah. 19.86.
Chlrajo Xive Stock.
Chicago, Aug. l0.-attl Receipt..
111.000 head; bitter grades beef teers,
steady; other, weak to 15 c. lower top
heavy 'Steers. $10.40: yearlings,
bulk. 7.25(Tj;10.00; she stock 12J4C to
!5c lower, spots off more; bulk fat
heifer $4.256.00; cannera and cutters.
tendv- bulk bulls, $4.606.00, veai
calves J5e to 60c lower; bulk to packer.
'HMi-iReceipt. 18,000 head; mostly 15c
bulk poking lows. 13.60 19.00; plghs. 25c
,OSh0eCepR.-c.iPt, 1..000 -
steady to 6c lower; top to city outcheriu
live ewes. 15.00; mostly. $3.501.5O.
feeder lambs, steady at 8.Z.
, St. Louis Uve Stock. .
Past St Louis, III., Aug. 10. Cattle
R.lpt.T 6,500 head;' native
closed I easier; top. 19.50; bulk M.00J
t 26- Texas and Oklahomas mostly strong,
best" light heifers strong; other steady;
cow "aMer; bulk, I4.00I&6.J6; bulls steady;
bulk bolognas. 4.004.SO; Blocker steady
to Strong; bulk. 14.60 5.75 veal calves.
"hoSr''p". : clMln
to 50c lower, with poor clearance of heavy
w.lVht hogs; late top, $U.S5: bulk lights
A iMdSfm weights. $10.75911.60; bulk
hSavtei. $10.2Sei0.75; packer sow. 25c
i.r- Digs. 2560e lower. ,
Sheio and limbs-Receipt. 6,000 head;
iini alow and dull, fully 60c lower;
rt?"r T.mb"op. $9.00; packer. ,,;
culls 14.06O4.50; ewe. top. $4.00; bulk,
i al'al 00- choppers, bucks and skips
iVmSfmoStly : canAer. 50c$1.00; about
WoSmon and medium held over.
Slonx City Mve Stock.
Sioux City, Aug. .10. Cattle Receipt.
I, 100 head: market teady. stockers
trong, beef steers, $6.609.75; grss
steers, $5.007.00; fat cows and heifers,
I6.00jr.00; canners. Il.O0tJ4.O0; veal,
$4.0007.00; grass cow. $2.OO0t.OO; calves.
II. SO0t.SO; feeding cow and heifers,
J55.J5; stocker and feeders, $4,000
7.20.
Hogs Receipts, 6.500 head; market 25
te S5c lower; light, $10.2810.S5; mixed,
J9.S501O.OO; hesvy, $8.2561.50; bulk of
sales, $8.75010.,
Sheep Receipts, 800 head; market
weak.
Kansas City Produce.
Kansas City, Aug. 10. Butter and Egg
Unchanged.
Poultry Broiler, lo lower, 25c h i
unchanged. 4 -
THE GUMPS
avmsfcti mi nTrMtCisipy.Okf,ia
J
MOTVFIL PCML -
u
K?eSN't GOOD
TO HAVE OVt BCN BfcC
Live Stock
Omaha. Aug. 10.
Receipts were: Cattle Hogs Sheep
Official Monday ....10,822 3.117 13,821
Official Tuesday.... 6,381 7,807 16,403
Wednesday estimate 6.500 9,000 . 8,700
Three day this wk. 82,803 20,024 88,944
Same days last wk. 23.589 23.20J 62,692
Same days 2 w'a a'o 18,484 21,178 30,722
Same days 3 w's a'o 18,861 41,310 47,038
Same day year ago 18,678 20,676 71,023
Receipts and disposition of live stock
at the Union Stock yards, Omaha, Neo.(
for 24 hours, ending at 3 p. m., Au
gust 10, 1921:
RECEIPTS CARS.
C, Jf. St. P. Ry......
Wabash R. R
Missouri Pacific Ry
Union Pacific R. R
C. ac N, W. Ry east...
C. & N. W. Ry., west
C, St. P., M. & O. Ry.
C B. s Q. Ry., east....
C, B. & Q., Ry., west..
C, R. I. & P., east....
C R. I, P., west
Illinois Central Ry
c. a. w. Ry
I II I I 1
3 7 ,.
1
24 4 ..
23 : 83 25
3 7, ..
39 23 ,.
33 15 '..
27 11. 1
43 19" 7
17 10 1
1 1 ..
1
.4 1 ..
118 130 35
Total receipts
DISPOSITION-
Armour & Co
Cudahy Packing Co
Dold Packing. Co
Moris Packing Co
Swift & Co
J. W. Murphy
Lincoln Packing Co....,
Wilson Packing Co
Hlglns Packing Co
Hoffman Bros
Midwest Packing Co....
Omaha Packing Co.....
John Roth & Sons......
S. Omaha Packing Co...
J. H. nulla
R. M. Burruss & Co. . . .
W. H. Cheek
Dennis ft Francis
Ellis & Co
John Harvey
W. W. Hill Co
Huntzinger ft Oliver....
T. J. Inghram
Joel Lundcren..
F. T. Lewis............
J. B. Root & Co
Kreba
W. B. Van Sunt ft Co..
Werthelmer ft Degen.s.
Other buyer
Ogdon Packing Co
Swift for K. C. ........
HEAD,
, 535 1692 1571
. 839 1624 1260
, 299 1159 ....
, 499 1136 931
, 863 1431 1979
.... 1307 ....
, 12
,180
38
6
S
20 .... ....
22
13 .'
24
12
20
'99
95
389 .... ....
67
104
1
76
83
139
16 ....
44
343
1199
3109
148
52
Total .6101 8497 8860
Cattle Receipt were juat fair for
Wednesday 6.500 head being on sale.
Trade on native beef was slower and
price ruled from steady to 10 16c lower
than yesterday. Best yearlings were
steady top again reaching $10.25. Cows
and heifers were dull and stesdy to spots
iower. There were tipt many stockers
and feeders on aale ana the tone of the
market was fully steady. No western
beet of any ennsequance waa on sal trade
being nominally steady.
BEBF STEERS.
tfo.
34...
45. ..
15...
38...
41...
86...
28...
30...
Av. Pr. No.
A v.
,.1356
,.1420
,.1674
.. 907
..1640
,.1326
Tr.
$8 60
9 06
9 20
9 50
9 60
9 80
9 90
10 20
7 75
8 75
965 $8 21 19
..1190
...1242
,..1300
...1369
...1414
...1482
00
9 20
9 45
55
9 76
9 85
37..
22..
14..
39..
18. ,r
.1486
,1270
10 15
20 1326
STEERS AND HEIFEHS.
IT...
11...
18...
20...
26...
26...
600 7 50 21 713
... 770- 8 50 17 867
... 826 9 00 19 80S
... 934 21 40 .1141
... 729 9 70 10 873
... 857 10 00 24 1027
COWS.
...1128 4 76 6 .1111
... 933 6 90 5 1316
HEIFERS.
... 704 4 75 9.. 627
... 720 6 35 8 645
9 10
9 40
9 75
10 28
S 20
6 00
5 25
00
13..
80..
BULLS.
...1800 5 16 1 1680 6 40
...1S20 5 60
CALVES. ' '
... 261 6 65 1 , 270 7 25
... 220 7 75
57...
1...
STOCKERS AND FEEDERS.
23 832 6 50 9 678
WETERN CATTLE.
MONTANA,
No. Av. Pr. No. Av.
2 stgs.,1220 $5 25 33 strs..lU2
25 strs,.1207 6 80 34 strs..l!79
33 trs.,1150 8 00 4 strs..l440
WYOMING.
41 strs.,1088 6 .10 10 tr..1036
11 strs.. 9S3 10 - i
NEBRASKA.
9 hfrs.. 710 6 00 19 strs.. 1308
7 cows. 1027 5 00 24 strs.. 1120
12 fdrs.. 693 S 00 30 rows. 1016
10 fdrs.. 1010 4 10 7 fdrs.. 712
22 fdrs.. 1129 26 28 fdrs.. 1073
27 str..lllt 6 00 65 fdr..1073
9 hfr.. 627 6 50 6 s.trs.. 806
8 strs.. 601 80 17 fdrs.. 740
6 60
Pr.
$6 75
7 60
8 60
6 00
7 35
8 25
6 20
6 10
7 10
7 10
7 00
6 25
Quotations on cattle: Choice to prime
beeves, $9.65f10.15; good to choice
beeves, $9.009.60; fair to good beeves,
$8.408.90; common to fair beeve, $8.00
8.40; choice to prime yearlingg, $9,903
10.25: good to choice yearlings, $9.40
9.86: fair to good yenrllngs. $8.609.26;
common to fair yearlings, $7.758.50; good
to choice graas beeves. $7.008.00; fair
to. good grass beeves. $5.756.76; com
mon to fair grass beeve. $4.755.76;
Mexicans, $4.506.00; choice grass heif
ers, $5.756.26; fair to good grass heif
ers, $4.805.76; choice to prime grass
cows, $6.60?6.25; good to choice grass
cows. $5.005.60; fair to good grass cows,
$4.005.OO; common t fair grass cows.
$2.0O3.75; choice to prime feeders. $7.75
8.25: good to choice feeders, $7.00
7.75: common to fair feeders. $5.256.00;
good to choice stockers. $6.50J7.25; fair
to good stockers. I4.75jf5.75; stock cows,
$3.004.60; stock heifers, $3.76(55.25;
stock calves, $4,507.25: veal calves,
$4.fl08.0O; bulls. s.taes. etc.. $3.504.60.
Hogs Something like 9,00(1 hogs ar
rived for today's trade and prices for
offerings of all weights took a downward
turn. Shippers furnished a limited . de
mand for light and light butcher hogs
early at prices 25 50c lower and pack
ers put up their mixed killing drove at
a cost not far from th quarter decline.
Trade as a whole wss considered 259
50c. lower, best light hogs bringing $10.76
and bulk of supply selling from $8.75
10.00.
Hoas.
No. Av.x
Sh. Pr. No. Av.
Sh.
110
. 40
70
Pr.
$8 65
8 75
8 90
9 10
9 60
10 00
10 26
60. .344
55. .293
54. .307
70 $8 60 69. .311
8 70 -
61. .195
68. -.273
79
8 80.
t 00
9 25
75 .
10 10 -
63. .265
69. .254
64. .247
55
70
313- J46
96- 40
. 48.. 244
85. .184
27. .219
75. .194
10 .60
Sheen With 8.000 sheep and lamb her
today no very great change occurred In
prices. Demand for fat Iambi waa rather
Backward however ana values were per
haps a little easier, ruling weak to a
quarter lower. Fat sheep were gener
ally stesdy; Best fat lambs topped at
$10.60 and good ewe had to sell around
84.50ff5.00. Feeder were in fair request
and best feeding lambs are now going
to the country at $7.75fi)8.25.
FAT LAMBS.
No.
Av.
Pr. No. ' Av. Pr.
$9 76 873 Ida.. 74 $10 25
10 36 837 Ida.. 75 10 40
10 00 436 Wyo. 73 10 (0
445 Ida.. 66
768 Ida.. 77
163 Ida.
600 Ida.
10 60
FEEDER LAMBS.
482 Ida.. 69 7 75 176 Ida.. 59
166 Ida.. 65 8 00 154 Ida.. 60
139 Wyo. 66 8 25 304 Ida ..61
T
7 90
8 IS
2 50
FAT EWES. .
108 Wyo.l0 5 00 18 Wyo. 100
194 Ida.. 128 4 60
CULL LAMBS.
10 Ida.. 68 8 00 24 Ida.. 66
7 26
27 Ida. .CO 5 60
Quotations on sheep and lambs: Fat
lambs, westerns. $9.60(U0.50; fat lambs,
natives, $8.769.60: feeder lambs, $7.75(
8.25; cull lambs. $5.00Q6.50; fat yearlings,
15.496 7.00; fat ewes. 83.25S6.0O: feeder
SEE IT IN COLORS
IN THE SUNDAY BEE
lit set
VSrX
0O WAVE
6Ra ARA rVBOUY
"Von- fcvit Ttilt
, vjo uut
tVEKBOt She HAS
Market, Financial and Industrial News of the Day
.Financial
By ALEXANDER DANA NOYES
Chicago Tribune-Omaha Bee Leased Wire,
New York, Aug. 10. The stock
market , relapsed into a drifting
movement .today, with the general
trend of prices downward, lhere
was evidence of pressure from spec
ulative quarters and among the in
dustrial snares declines of a point
or more were numerous. Ihis oe
curred without any definite cause
in the news of the day except for
the omission of the American Sugar
company s common stock dividend
tor the first time since 1890 Know!
edge of the past season's wholly ex-
traordinary conditions in the sugar
trade will - prevent any great sur
prise at the company s action, but
the market made the most of it.
Business on the bond market was
quite up to the recent substantial
volume, but was, on the whole, at
the expense of values. . This lack of
any continued upward tendency aft
er the moderate "midyear reinvest
ment demand" had apparently been
satisfied and in spite of the fall in
the price. or money on the open mar
ket is one illustration of the preval
ent apathy.
Exchange Market Higher.
' Fractional advance In sterling exchange
on me eariy maruet followed by frac
tional reaction, with business. light all
day. Indicated that the commotion of the
last two days had reached its end. The
market riuleted down about 4 cents above
last week's final rate; a difference which
probably measures the closing out of a
sunntanuni near account."
The United States Steel corporation's
statement of orders on its books August
1. showed decrease of 287,644 ton during
July. 'The decrease was not as great as
most people had expected. It was, In
fact, the smallest of any month since- the
shrinkage began in July, 1920, compar
ing with a decrease of 364.000 tons last
month and 649,000 as recently as Jfarch.
The unfilled orders when the present
month began were 6M. ner cent hoinw
mose or a montn berore, whereas Tues
day's,' figures of the country's steel Ingot
production in. July show 20 Der cent de
crease from that of Juno: a disparity ho
wide as at least, to suggest -that curtail
ment of production 4s being carried on
more rapidly than the decrease In demand.
Nevertheless, the fact that the corpora
tions book orders are now less than one
half what they were at the end of last
October illustrates the scope of ths trade
reaction. Neither In the war panic of
nor in ine crisis of 1907, nor In the
lamous steel trade reaction of 1903 did
the books show reduction of orders any-
"" "")' approacning tnis.
New York Quotations
Range of prices of the leading stocks
iui jiineu Dy jogan ft .Bryan, Peters Trust
vuuutii ;
RAII,S.
High Low C16so Tues.
A, T ft S F 84'.i tS 84 St'
Baltimore ft Ohio 37 ?i 3614. 37 37
Canadian Pacific. .113V4 113 113 4 113?i
N Y Central 70 69 69 70
Ches ft Ohio 54 64 '4 5H4 55
Erie R R 13 12 12 13
Gt North'n. pfd... 73 73 73 - 73'4
Chi Gt Western.. 1 7H 1 7';,
Illinois Central... 9414 94 i'A 94 ',i
Kan City South'n 25 24 ii 25 -T4
Missouri Pacific. 20 19 19 '19V.
N Y, N H A H... 164 154 Kit, 164
North'n Pacific Ry 76 75 ft 75?, 76-4
Chi ft N W 66 '4
Penn R R 37 36 37 37
Reading Co 68 ft 67 67',i 68 Tfc.
C, R I ft P S3 31 31 31 4
South'n Pacific Co 16 76 76 76
Southern Ry 19i 19 19 20
Chi, Jill ft St. P.. 26 26 VA 26 27
Union Pacific .,..119 119 119 119
Wabash 8 8 8
STEEL.
Am Car Fdry; . . . . 123 1229, 123 124
Allis-Chalmers Mfg 31 30 30 30ft
Am Loco Co 84 82 82 84
lit. Alloy Steel.... 24 24 24 24
Baldwin Loco 75 73 73 74
Both. Steel 50 49 49 , 49
Colo. F. & 1 24
Crucible Steel ... 64 53 63 54
Am. Steel Fdrs:... 25 .25 23
Lackawanna Steel. 38 33 38 39
Midvale S. ft O 24 23 23 24
P. S. Car 58 68 58 69
Rep. I. ft S 46 45 45 46
Ry. Steel Spring.. 75 73 73 75
Sloss-Shef. S. & I. 33 33 33 .14
U. S. Steel 74 73 74 74
COPPER.
Anaoonda Cop.... 85 35 35 35
Am. S. ft R. ...... 35 35 35 - 35
B. ft S. Mining 12 12 12 12
Chile Copper 10 10 10 10
Insp. Con. Cop.... 18 18 18 18
Miami Cop 20 20 20 20
Nev. Con. Cop 10 10 10 ' ....
Ray Con. Cop 12 12 12 12
Utah Cop 46 46 46 46
INDUSTRIALS.
Am. Beet Sugar... 28 27 28 '
A., G. ft W. I-. 8: S. 21 20 - 21 21.
Am. Int. Corp.;... -32 31 31 33
Am. Sum. Too 47 '46 46 48
Am. Cotton Oil.. .... ...'. .... 17
Am. Tel. ft. Tel. ..105 105 105 105
Am. Agr. Chein. . 31 30 30 21
Bosch Magneto... 29 29 29
Am. Can Co 26 28 26 26
Chandler Motor... 48 47 47 4974
Cen. Leather Co.. 33 31 32 32
Cuba Cane Sugar. 9 9 9 10
Cal. Pack. Corp... 60 60 60 60
Cal. Pet.. Corp.... 93 32 32 33
Corn Prod. Rfg Co. 67 65 66 67
Nat. E. ft S... 4S
Flsk Rub. Co 10 9 9 9
Gen. Elec. Co 116 114 114 117
Gt. No. Ore 29 29 29 29
Gen. Motor Co.. 10 -10., 10 10
Goodrich Co.....; 31 31 . 31 31
In. Harvester 72 '71 71 72
Haskell ft Brkr .... 69
U. S. Ind. Al. Co. 48 48 '48 4H
Inter. Nickel 13 13 13 13
Inter. Paper Co.. 60. 48 49 60
Island Oil ..... 2 2 2 -2
Ajax Rubber Co.. 23 23 23 23
Kelly-Spring. Tlr 40 88 39 40
Key. Tire ft Rub.. 12 12 12 12
Inter. Merc. Mar. 10 10 10 10
Mex.. Petroleum.. 102 97 97 102
Mid. States oil., 11 11 11' 11
Pure Oil Co 26 26 26 26
Willys-Over'd Co.. 6 6 6 6
Paclflo OH 34 33 34 94
Pan-Am. P. ft Tr. 46 45 45 46
Plerce-Arrow Mot. 14 13 14 14
Royal Dutch Co.. 50 49 49 60
U. S. Rubber Co., 61 - 60 ' 60 61
Am. 8'r Rfg. Co.. 65 62 62 65
Sinclair Oil ft Rfg 19 18 18 19
Sears-Roebuck Co. 65. 65 65 66
Stroms'g Carb. Co .' '.; 29
Studebaker Corp.. 75 73 73 77
Tob. Prod. Co 67 57 67 68
Trans-Cont. Oil... 7 . 6 7 '6
Texas Co - 34 34 34 34
U. S. Fd. Pr. Corp. 16 16 14 ....
White Motor Co.. 31 91 3t 32
Wilson Co.. Inc.. 34 34 34
Western Union.... 82 7 76 82
West'g'e E. ft MIg. 43 43 43 44
Am. Woolen Co... 69 68 69 69
Total sales, 112.000.
Money Close, 6 per cent; Tuesday'
close, per cent. ' '
Marks Close. ,0121 Tuesday' ckme,
THE KING
l brtNT VMOVJ WN61T iY
WV TIME BUT NEVER
MtSEO BEf-ORE
1 0V)5T COUtWT TAV'iW
T.Mt WO)VE- IT WAS SO
AOHLSOMfc- EA.LLT HA. TO
- 1 Just COULDH't
it rr
lrVNP IT"
r w mm w m 11111 ' i i i v -v
1 I aal.llllliai . . g u J ' Ja
1DD
Omaha Grain
Omaha, Aug. 10.
Wheat receipts today continued
on a liberal scale with arrivals 191
cars against .170 cars a week ago,
and 106 cars last year. Corn re
ceipts today were 38 cars and oats,
35 cars. Wheat prices were a cent
lower for the bulk. Dark wheat
sold at 2c advance. Corn was t;en
erally a cent off. Oats were un
changed to lc off. Rye was un
changed to lc up and barley strong.
WHEAT.
No. 1 hard: 1 car. $1.15; 2 cars, $1.13;
1 car, $1.12 (smutty); 1 car, $1.11 (yel
low). No. 2 hard: 3 cars, $1.1$ (dark): 2 car,
$1.16 (dark, smutty); 2 cars, $1.13; 1 car,
$1.12; 4 cars, $1.12 (smutty); 2 cars,
$1.11; 9 cars, $1.11; 4 cars, $1.11
(smutty); 11 car, $1.10 (yellow); 1 car,
$1.09 (yellow); 1 car, $1.09 (yellow,
smutty).
No. 3 hard: 1 ear, $1.16 (dark, smutty);
2 cars, $1.15 (dark, smutty); 3 car, $1.14
(dark, smutty); 6 cars, $1.13 (dark,
smutty): 1 car, $1.13 (78 per cent dark):
1 car, $1.11 (77 per cent dark); 1 car,
$1.10; 1 car, $1.10 (smutty); 10 cars,
$1.09 (yellow); 3 cars, $1.09 (smutty);
1 car, $1.08 (yellow): 8 cars, $1.08
(yellow); 1 car, $1.08; 1 car, $1.07 (black).
No. 4 hard: 1 car. $1.13 (72 per cent
dark: heavy, smutty); 2 cars, $1.12 (dark,
smutty); 1 car, $1.08 (yellow); 3-5 car,
$1.0S; 8 cars, $1.07 (yellow).
No. 5 hard: 1 car, $1.08 (yellow); 2
cars, $1.06 (yellow).
Sample hard: 1 car, $1.08 (yellow); 2
cars, $1.06 (yellow); 1 car. $1.05 (yellow);
1 car. $1.05: 2 cars, $1.03; 1 car, $1.03
(yellow, heating).
No. 4 spring: 1 car, $1.J0 (northern);
1 ear, $1.08 (northern).
No. 6 spring: 1 car, $1.10 (northern).
No. 2 mixed: 1 car. $1.13 (smutty);
1 car, $1.10: 1 ear, $1.10 (smutty).
No. 3 mixed: 1 car, $1.09: 1 car, $1.09
(smutty); 1 car, $1.06 (smutty).
No. 4 mixed: 1 car, $1.08; 1 car, $1.06.
CORN.
No. 1 white: 11 cars, 46c.
No. 2 white: 1 cars, 46c.
No. 3 white.: 2 cars, 46c.
No. 1 yellow: 5 cars. 47c.
No. 2 yellow: 2 cars, 47c.
No. 1 mixed: 1 cur (special billing),
46 c; 3 2-5 cars, 46c.
No. 6 -mixed: 1 cr, 45c.
OATS.
No. 2 white: 1 car, 32c,
No. 3 white: 1 car, 31c; 1 car, 31c;
3 cars, 30c; 3 cars. 29 c.
No. 4 white: 1 csr, 30c: 1 car, S0c:
1 car. 29c; 3 cars, 29c: 1 car, 28c; 4
cars, 27c; 2 cars (24 and 25 IDs.), 27c.
Sample while: 1 car (bugs), 29c; 1
car, 26c.
' RYB.
No. 1: 1 car, $1.00.
No. 8: 1 car. 69c; 5 cars, 98c.
No. 4: 4 cars, 97c.
Sample: I car, 99c.
BARLEY.
No. S: 2 cars, 61c.
No. 4: 1 car, 60c; 3-5 car, 48c.
CHICAGO CAR LOT RECEIPTS.
Week Year
Today . Agq . Ago
vvnean -t( i'-i
Corn 223 126 ' ' 90
Oats 405 337 149
KANSAS CITY CAR LOT RKCEIPTS.
Week Yea
Today Ago Ago
Wheat 451
Corn 63
Oats 30
ST. LOUTS CAR LOT RECEIPTS.
Week Year
Today Ago Ago
Wheat 178 206 213
Corn 88 85 23
Oat 35 82 69
NORTHWESTERN CAR LOT RECEIPTS
-Off WHEAT.
Week Year
Today Ago Ago
Minneapolis 262 277 97
Puluth 262 1S9 63
Winnipeg 18 180 67
PRIMARY RECEIPTS AND SHIPMENTS.
Receipts roaay sear b
Wheat 2,498,000 1,358.000
Corn 996,000 302,000
Oats 1,617,000 913,000
Shipments
Wheat 1,867,000 947,000
Corn 478,000 v,uuu
0at bhi.uou Dl.UUU
EXPORT CLEARANCES.
Today Year Ago
Wheat 1.4.11,000 680,000
Corn 103,000
-... 60.000
OMAHA RECEIPTS AND SHIPMENTS.
Receipts Today Wk. Ago Yr. Ago
Wheat 191 170 106
Corn f ou
Oat 35 17 6
Rye 9 3 0
Barley 7 2 1
Shipments locay vv. ako ir.
Wheat 176 232 67
Corn 23 t) 8
Oats 21
Rye 0 0 0
Barley. . 0 3 0
St. Louis C.roin.
St. Louis. Aim. 10. Wheat September,
$1.18; December, $1.23.
Corn September, S3c; jjecemoer.
53 53c.
Oats September, 84c; uecemoer, ac.
Kansas City Grain.
Kansas Cltv. Aug. 10. Wheat Sep
tember, $1.11 c; December. $1.13c.
Corn September. 4oc; uecemoer, inc.
Omaha Hay Market.
Upland Prair:e Hay No. 1, $10 60
11.50; No, 2. $8,501(1)9.60; No. 3. $7.00
e.oo. .... .'.k
Midland Prairie Hay jno. i. siu.imiit
11.00; No. 2. $7.509.00; No. Z. $6.50
T.eo. . .
Lowland prairie Hay io, i, .ovia
8.50; No. 2, $6.607.60.
Alfalfa Choice. $17.00ig18.00: No. 1,
$15.O016.50: standard. $12.00(8114,00; No.
2, $8.0011.00; No. 3. $7.008.00.
Straw oats, is.uowy.uu; wneai,
8.00.
RAINBOW OVERALLS
World of wear in every pair.
Union Made
Sold exclusively at
PHILIP'S DEPT. STORE
24th and O Streets
Jioweris.
Value-Giving Store
Living Room
Furniture
20 to 60 Discount
r During
BO WEN'S
August Sale
This Is Your Opportunity
IS HOME
UTTIE. WIFE A-S V0) Vf ANJy-
TOO SHOUJ P5)X OF WEV. -
IWlA. . I h V M- , , k . Lib. J, . ,
1 ANUT lWIJi AIHW ANVl intvi
BRACiGlNC TOO UP TO tVtRVBoW
fCTT-ws-J
Chicago Grain
By CHARLES D. MICHAELS.
Chicago Tribune-Omaha Bee lacd Wire,
i-iiicago, Aug. iv. mere was
everything ready for a strong ad
vance in grain markets, following tha
government reports showing a de
crease of 52,000,000 bushels wheat,
yi,UW,UUU bushels corn and 19,000,
00 bushels oats during July. Prices
started high, but the buying failed to
develop and 'with increased selling
pressure from ajl classes of traders,
a large part of which was attributed
to the leading local interests, prices
declined and closed around the low
est of the day. The market's action
was a great disappointment to most
of the trade, as there was net loss
of 1 3-4 to 2 l-4o on wheat, 1 3-8 to
2c on corn, 3-4c on oats, l-4c on rye
and zc on beptember barley.
Provisions did not escape the sell
ing and broke sharply, losses on lard
being 37 1-2 to 80c and short 62 1-2
to 72 l-2c for the day.
Traders did not want for bullish
news, as there was plenty of it, but
its failure to bring in the support
necessary to make a strong and ad
vancing wheat market vas lacking.
It was said that exporters, anticipat
ing a bullish government crop report,
sent out their offers on wheat Tues
day night at high prices, which for
eigners were slow to pay and export
business was curtailed, only 500,000
bushels being sold abroad in addition
to 25,000 barrels of flour. Prices adr
vanced 2c early, only to break to
4 l-4c and finish at $1.22 to $1.21 3-4
for September and $1.25 to $1,24 3-4
for December.
Large Country Offerings.
Higher prices sent lo the country in
expectations of an advance on the bull
ish crop report brought Increased offer
ing; in the southwest, but they failed
to meet tha demand expected and prices
In most of the markets there were 1 to
2 cents lower. Wichits, Kan., reported
a good milling demand which cleaned
up the market at 2 cents advance.
Russian news was moro emphatic as
regarded thq need of supplies aggregating
J. 000,000 tons of food to prevent starva
tion. Broomhall, the English authority,
estimates the Kuropean requirements for
the season at 632,000,000 bushels, Includ
ing 40,000,000 bushels for Russian relief
and a nurpiue of the producing countries
of 661,000,000 bushels. This makes a close
adjustment of supplies to requirements
which might easily be thrown out uf
line by crop damage in Argentina, Aus
tralia and India.
Movement figures show decreases from
laKt week and large excesses over last
year. Export clearances were 1,431,000
bushels.
Break in Corn.
Corn traders did most of their buying
on the bulge at the start and their sell
ing later on the break. At their best,
prices were to c higher with, a break
of 2 to 2c and a finish at 66 to
66c for September and 66 to 65c for
December. The decline was helped by
the government weekly weather crop
bulletin, telling of rains benefiting crops
except in Oklahoma, where it has de
teriorated. Export business was 220,000
bushels here and 200,000 bushels at the
seaboard. Cash prices dropped llc at
the extreme. ,N'w No. 3 yellow is be
ing bought for year shipment at 2o
under December. A drop in December to
o under September brought in buying
of the latter and selling of September
by the leading intere'st. Arrivals were
229 cars.
Oats lacked buying support after the
opening bulge of io and broke Hie mak
ing an easy close. Probably scarcity of
supplies appears to have no terror to
the oata traders and even the country
is selling freely, although the movement
is lighter than last week's and arrival
here for the day were 350 cars. Cash
lots were ltyc lower and shipping sales
215,000 bushels. Buying of rye was by
the seaboard and by local traders. Prices
sagged and closed lower.
Tit Notes.
The action of the grain markets today
shows that it Is one thing to get all the
conditions except one in favor of a bulge
and the one lacking to be the most im
portant and upset all th reft, Hlirh-st
prices were made at the last and the
rilOTOPI.AYS.
1 11 11 11 11 if 11 11 11 ii ii 11 11 11 11 "- m T'rr m - rui . , ., , -r. thi
jj said the speedy worker as he
' ft kissed ths girl he had met only
' four hours before. a!
I - n
JUUUUUUUUUUU JUUes?ot
0U- THE
ll
ONtSOrAt
Nviiue TOO
close was tame at near the lowest with
the traders discouraged.
Those who believe In higher prices ulti
mately are hopeful that the public will
come in later and make higher pliers. For
the present, after today's experience, they
are disposed to await the effect of the
spring wheat movement before loading up
with wheat in expectation of an advance.
With the government report of 767,
000,000 bushelB and a carry over of 85.
00Q.000 bushels, there is a supply of 742,
000,000 bushels which" allows for exports
of 176,000.000 bushels and a surplus at
the end of 87.000,000 bushclR.
In oats the crop of 1,187,000 bushels
with1 a carry-over in all positions of 161,
000,000 bushels makes total supplies of
1. 359.000.000 bushels compared with 1,
600.000 bushels last year.
A shortage In the ' potato crop Is ex
pected to make high prices (luring the
winter. The Mercantile exchange, where
there is a speculative trade In butter and
eggs, suspended its call on futures today.
There Is a report of a speculator being
long between 60 anil 200 cars of eggs, with
a loss of around 3(,.f5c a dozen. The but
ter price dropped 13jp2c today.
Cash wheat prices have advanced about
2 cents relative to the future in the last
three or four day.'' The cash markets in
other centers also have been firmer, which
indicates that the ' heavy run of winter
wheat has had about all the bearish effect
it will have. Some of the local cash' men
are of the opinion the northwest mills
will let littlo of the spring wheat get
away on tccount of Its high gluten con
tent this year and that for .this reason,
while there will undoubtedly be' heavy
marketing for spring wheat, the actual
pressure on the ,.;arkets will bo moderate.
Only a delude can save French crops,
according to Paris advices. Th'e long
drouth has created a serious menace to
stook raisers, especially.
CHICAGO CLOSING PRICES.
By Updike Plain Co. DO. 2627. Aug. 10.
Art. I Open. I High. I Iow. jClose. I Yest
WhT j i
Sep. l.U 1.25' 1.21 1.22 1.2314
1.25.4 1.21 i 1.23i
Dec. 1.2SVi 1-29 1.24 1.25 1.27
1.29 1.24?i 1.26
Rye '
Sep. 1.12V, 1.12i 1.11 1.11 1.11 Vi
Poo. 1.12Vii 1.1214 l.lHi l.lHi 1.11 V4.
Corn I I I !
Sep. .58 .6514 ,66 .56',4 .67
.68H 661s1
Dec. .68 .58 -.514 . .B7
.68 V 65 .67
Oat
Sep, .2714 .37 .36V4 M .3714
.4014! 39 .40V4
Pork
Sep. 18.50 118.55 18.50 18.55 18.60
Lard I
Sep. , 11.25 111.25 10.20 10.65 11.45
Oct. 11.40 (11.40 10.35 10.S0 11.57
,Tnn. 10.25 Il0.26 9.75 9.77 10.15
Rib I
Hep. 10.27 110.27 9.60 9.60 10.33
Oct. 10.12 U0.12 9.66 9.65 10.12
Minneapolis Grain.
Minneapolis. Aug. 10. Flour Un
changed to 10c higher; in carload lots,
family patents quoted at $S.208.25 a
Dbl. in 98-lb cotton sacks.
Bran $15.00.
Wheat Receipts, 262 cars compared
with 97 cars a year ago; cash No. 1 north-
PHOTOPLAYS.
3 DAYS MORE
MIX
IN
"After Your
Own Heart"
SUNDAY
A Big Punch
"Straight From
The Shoulder"
J. LLJ'
TO
M
Drawn for The Bee by Sidney Smith.
Copyright, 1021. Chicago Tribun Company
NOYlCtP THAT VMVttH
60T HOKC- BU-V
TOO NNESLtN'T
TXE wov&e m'S
SO LONESOME nHE
MC&ulUOtS AND TV4E
,Vf& mvtE VVCVNt
ON EACH
TKAvxS fvtl. tT
VANO TO EAT
1 11
5lIrVPf ,
em, $1.191.44; September, $1.29; D
cember, $1.29 '4.
Corn No. 9 yellow, 495(1c.
Oats No. 3 white, 30mi'31V4c.
Barley 40(3I61:.
RVeNo. 2, 1.024ifill.03'4.
Flax No. 1. 62.01 i 2.03,
New York Coffee.
New York, Aug. 10. The market for
coffee futures showed the effects of a
firmer technical position following yester
day' decline and reports of a steadier
tone In Uraxll. The opening was 4 to 16
points higher and active months sold 15
to 19 loints above last night's closing
figures, with December contrarts touch
ing 6.90c, compared with 6.73c at the low
point of tha previous di.y. Houses with
European connections were moderate buy
ers on this advance, but the bulk of the
demand was attributed to covering and
ni,. of the day's business consisted of
witching from near to lato months. De
cember cloned at 6.8Sc bid, with the gen
eral market 13 to 19 point net higher.
Sales, Including switches, were estimated
at approximately 100,000 bags.
Closing bids: September, 6.43c; October,
6.58c; December, 6.88c; January, 7.01c;
March, 7.29c; May, 7.49c; July. 7.69c.
Spot coffee was reported in fair de
mand, at 6T,c for Rio 7s and 91ic to
IOMiC for Santos 4s.
New Vork Produce.
New York, Aug. 10. nutter Steady;
creamery, higher than extras, 43'i44c;
creamery extras, 42V,43c; creamery
firsts, 38 iff 42c.
Kegs Irregular; unchanged.
Cheese Ussier; unchanged.
Poultry Live, unsettled; broilers, 23fj30c
fowls. 23j28c. Drewd, firmer; fowls,
2440c; old roosters, 2127c.
PHOTOri.AYH.
ONLY
3 DAYS
MORE
HAROLD
in
triple barreled
comedy skofc
Vitk lankier.
. A.H.BIanh I
AMONG
THOSE,
PRESENT
ALSO SHOWING
A mystery picture-puzzle up to the last sizzling reel,
and then wow!
With ZENA KEEFE and NORMAN KERRY
Rialto Symphony Players, Harry Brader, director.
Overture, "LA GAZZA LADRA"
'!. LL L Jl J1..U 1L.JL' I
Bonds and Notes
The following quotation turuujtwd by
til Omaha Trust company;
Approx.
P.ld. Asked. Yield,
Am. A. ("hem. TV,s, 1941 9iH, 97 7.90
Am. T. r. 6s. 1921. ... KV 130
Am T. T. 6s. 19S4.... 974, 97H 1. 05
Anaconda 7s, 1929 934 93' 8.10
Armour 7s. 1930 J 97 7 35
Helglan Oovt. 8a, 1941. ,.D04 101, 7 90
n.ilgimi llovt. 7V6s. 1946.101'. 102 7.90
lteth. Sle.-l 7s, 19J3 9S4 94 7.to
Hrltlah 6 4s, 1923 98 '4 99 4 .!
llrltlsh 64a, 1929 . 231s 89 7.25
Hrltlsh 64s. 1937 87 4 9 6.65
C, U. Jt. 6VjS, 1936.1001s IOC, 6.40
C. C. f. & St. 1j. 6s, 1929 90 904 7.60
Chile Ks. 1941 984 99 8.10
Denmark 8s. 1946 1 0;! 1024 7.77
Krenrh (lovt. 8s. 1945 lOn I1104 7.95
R V. Goodrich 7s, 1925.. 90 914 9.70
Oulf Oil 7s 1933 97 4 98 7.25
Jap. tiovt. 1st 4Us, 1925 864 664 9 45
.Tup. Govt. 4s, 1931 704 714 MO
Norway 8s, 1940.. ma 1044 7.67
N. W Bell Tel. 7s, 1941.102 10!4 .7tl
N. Y Central 7s, 1930. ..1014 102 6.7tt
Packard Ks, 1031 -9SH 964 -6S
Penn. R. K. 7.s. 1930 103 1034 6.48
S. W Hell Tel 7. 1925.. 97 974 7.1
Swift & Co. 7, 1925..,. 974 97, 7.70
Swiss (lovt. 8s. 1940 1054 106 7.40
Tldcwated Oil 4s. 19S0. 941, 954 93
IT. Si Rubber 74s. 1930. . 1 01 4 101 7.24
Vacuum OH 7s, 1930 ml 1014 6.87
West. Klec. 7s. 1931 lOlij 103 6.73
New York Cotton.
Now York, Aug. 10, Higher Liverpool
cables and continued favorable report
from the goods trade led to renewed
buying (11 the cotton market at the open
ing today. First piioes were steady at
an advance of 8 to 11 points ond active
months sold 14 to 20 points above last
night's closing during the early trading.
The advance was accompanied by rumors
lhat returns to a southern authority mado
the mldmonth condition of the crop
69.4 as against the official figure of
64 7 for late last month.
Liquidation was promoted by the tin
settled tone In the stock market later
and prices sold from 10 to 15 point b
low last night.
New York Cenerul.
New York, Aug. 10. Wheat Spot,
easy; No. 2 red. $1.35; No. 2 hard. $1.36;
No. 1 Manitoba. $176; No. 2 mixed durum,
$1 39 c. i. f. track New York, to arrive.
Corn Spot, easy; No. 2 yellow and No. .
2 white, 80c, and No. 3 mixed, 7814
f. New York, tan-day shipment.
Oats Spot, weak; No. 1 white nominal.
No. 2 white, 49c.
Lard Weak; midi'lewest, $1115
11.35.
Other articles unchanged.
St. Joseph Live Ktnek.
St. Joseph, Aug. 10. Cattle Receipt.
2.300 head; market !ow; generally
sternly; steers. $6.604f 10.60; cows and
heifers. $4.264f' 10.40; calves. $5.007.0".
Hogs Recelptr, 8,000 head; lights and
butchers, 15W250 lower; others. slow,
prospects, 26 40c lower; top, 110.60; bulk,.
$8.7510.4n.
Sheep Receipts. 2,000 head; msrket
steady; lambs, $9.0010.00; ewe. $3.60
4.60.
New York Dried" Fruits
New York, Aug. 10. Evaporated Ap
ples Steady.
Prunes Firm.
Apricots (Juier. ,
Peaches Steady.
Raisins Quiet.
Kansas City IIu.v.
City, Aug. 10. Hay Un-
Kansas
changed.
PHOTOPLAYS.
NOW
TILL
SAT.
IUU",
WESLEY (Freckle.) BARRY
MacBonald
Kstherirte
Strang
Than Fiction
EMPRESS
NEW
SHOW
TODAY
iT5Eo .""OKta! MIRROR. Prmstod fcy
Freo fechwtrt Co. KING A WYSE. reentln
JZJJ". Unlucky." FRANK
MORRELL. "Ths Boy From California."
CLARA THEODORA'S TRIO, Unlou. Atrial.
Iits. Photoplay Attmctlon, "DIVORCE OF
CONVENIENCE." FttturlRf Owen Moon.
Base Ball Today
August 9, 10, 11
OMAHA v.. ST. JOE
Game Called at 3:30 P. M.
Cox Seat on SI at Barktlow Bros.
EATTY'S
Co-Operative
Cafeterias
W Appreciate Your
Patronage.
4
When in Need
Use Bee Want Ads
ewes, t3.25fa.5; ull ewes, $L6$$,tQ.
v.