7 A THE BEE: OMAHA, SUNDAY, AUGUST 21, 1921. New Rum Policy May Prove Aid To Bootleggers WRule of Reason' Promulgated By Dry Law Chief Received With Satisfaction by Liquor Runners. Washington, Atw?. 20. Booze . hunters along the bootleg trail, ever alert for some encouraging sign, hail with satisfaction the "rule of the rea son" policy promulgated by Roy JIaynes, new dray law chief. Haynes policy was not framed for bootleg gers' benefit, but is aimed to lessen some of the restrictions over legiti i mate users of intoxicating liquors. Y But it carries much cheer to the ranks of the illicit handlers of high voltage beverages. Haynes, under the new regime, will be forced to deal , more generously with the classes of business men and concerns entitled to 'withdraw and use whisky and other liquors for commercial pur poses. This moderate relaxation away from the very rigid standard established by the former regime - may open up new sources for boot leggers. .- Although dry chiefs fully realize the dangers, they take the position that legitimate enterprise must not be too severely hampered. Commis- . sioner Haynes has promised repre sentatives of large drug interests and agents of the chemical industries that his policy will be to facilitate and en- ' courage enterprise by making it less " difficult to obtain liquors. 1 his broader policy toward legi l timate users of intoxicants in the ! arts and sriVnrps contemnlates the i - e , r rules which have held manufacturers and other users of liquors to embar rassing limits. The removal of many of : these ' restrictions brings 1 cheer-to the bootlegger, who may J r find it possible to return to the old method of securing diversion of liq ' nor supplies legally withdrawn from bond. v' v, '" New State Highway Is Formed at Sargent Kearney, Neb., Aug. 20. (Special.) A meeting of highway enthusiasts held at Sargent terminated in desig nating a road through the state from , north, to south. .. The road is to be , known as the Kearney-Springview- Pierre, (S. D.) highway and a marker for it has been adooted. This road. Nebraska, being a federal and state aid project, will give a marked high way from Pierre on south to the Sunt ' flower Trail and also connect up with ' the Meridian highway. Marking ' will be started at once. O. G. Smith, president of the - Nebraska Good Roads - association ; President - Emil fiTollefsen of the Chamber of Com s; mercej 'Q'ty Commissioner Upward ; ; L. Stephens and County Supervisor ! H S. Burrows represented the.KealP ; ney .delegation attending. About 75 'accredited delegates from various . points along the road made up the .niecting. -. Omaha Man on Program of i Fullerton Chautauqua Fullcrton, Neb., Aug. 20. (Spe cial.) George A. Lee of Omaha, formerly assistant attorney general and chairman of the public service commission of the state of Wash ington, closed the chautauqua here . 'wiih an address upon Americanism. Mr. Lee pointed out the chaos and . industrial paralysis resulting from the world war and stated that the reaction or back-wash of v the war consisted in a revolt against' all . forms of authorityj in an abnormal thirst for pleasure, in an aversion for work and in a -challenge of all su pernatural and spiritual considera tions. Mr. Lee dwelt upon the mean ing of the word "America" and pointed out that it came from the Italian word Amerigcy and that the Italian word in turn came from the old Gothic word Amalric. Mennonite Conference , Will Be Held in Aurora Aurora, Neb., Aug. 20. (Special.) The interstate conference of the Mennonite church for Nebraska, Kansas, Illinois, Indiana and Idaho will be held in Aurora August 24, 25 and 26. Many visitors from the other states will be present. A com plete program has been prepared. It is expected that the largest delega tion from other states will be from Illinois. Delegates will be here from 22 churches. Several mission aries from Africa will be in attend ance. . "Human Fly" Recaptured After Leap From Train O'Neill, Neb., Aug. . 20. (Special Telegram.) Edward Freinchere, Human Fly, who jumped from a moving Northwestern train near Bassett Friday night, while he was being returned from Couer d'Alene, Idaho, to O'Neill for the theft of an automobile, was recaptured 15 miles southeast of Bassett by Sheriff Joe Leonard of Rock county. Leonard, in his. car, overtook Freinchere, for whom he was looking, and the lat ter asked for a ride. He was brought to O'Neill Friday afternoon. Pike County Picnic Held j In City Park at Aurora Aurora, Neb., Aug. 20. (Special.) Former residents of Pike county, Illinois, who now reside in Hamilton county, held a picnic at Streeter park and a permanent organization was perfected. Hundreds of residents ot this county either came from Pike county or else they are descendants of people who did. Fremont Business Men Plan Visit at Geneva Geneva, Neb., Aug. 20 (Special.) Frement business men, numbering , 50, expect to pay a visit to Geneva " t- i... ti.... nf.ii enmc nv auto ,and be accompanied by a band. i ' Lew Fields Bankrupt New York, Aug. 20. Lew M. Fields, actor and manager, today filed a voluntary petition in bankruptcy in federal court, giving his liabilities as $82,126 and his assets, aj 110,500,, Venetian Carnival Will Be Held at Lake A Venetian festival will be held on the waters at Carter Lake club Sunday and Monday. A daylight floral parade of deco rated boats and canoes will be held Sunday afternoon, the evening cara van of canoes to -float in the waters of the club Monday night. Following the carnival on Monday nignt mere will be a costume dance. Prizes will be offered for the most originally decorated boats and for the most novel costumes. Market and Financial News of the Day TTZTT - ( I l I I l in. I Live Stock 11 Conventions Here in 30 Days From August 23 to Septemher 24 Only One Day Omaha Will Not Be Host. From August 23 to September 24 there will be only one day, Septeni ber 11, on which Omaha will not be entertaining out-of-town visitors During this period there will be 11 conventions beside the Ak-Sar-Ben festivities. lhe following conventions arc scheduled: August 24-27: National Delta Tau Delta fraternity, headquarters Hotel rontenelle. August 29-September 3: Merchants fall market week.- September 4-6: Omaha Gun club tournament at Ak-Sar-Ben field. September 5-10: Alumni reunion, Nebraska College of Medicine, bead- quarters Rome hotel. September 7-8: Nebraska Osteo pathic association, headquarters Hotel Fontenelle. September 13-17: Races, Ak-Sar-Bcn track. September 13-24: Ak-Sar-Ben. September 12-14: National Phi Rho Sigma fraternity, headquarters Hotel Fontenelle. September '14-15:, Middlewest Geographic division National Electric Light association. September: 15-16: District meeting Nebraska and Western Iowa Kiwanis clubs. - , September 19-21: Reunion Sand storm. 34th division. September 19-21: Nebraska and Iowa motion picture theater owners, headquarters Paxton hotel. Chamber of Commerce at Kearney to Hold Picnic Kearney, Neb., Aug. 20. (Special.) Kearney Chamber of Commerce an nual picnic will be held next Friday at the amusement park. In addition to members and their families the organization will have as guests about 100 out-of-town golfers, who are to participate in the tournament here next week and members of the Scott caravan due here Friday. Elaborate entertainment is being pre pared for this annual outing which last year was attended by over 800 citizens. ' .'' No Trace Found of Family ; ' Of Man Killed in Aurora Aurora, Neb., Aug. 20 (Special.) A petition was filed here asking for the administration of the estate of Patrick King, who wos killed re cently while working on the grading gang in this county. Dilligent search has failed to find the wife and children. His body still remains un buried awaiting the finding of rela tives. Hecelpta ware: Official Monday Official Tueadav UINcial Official Official Estimate Saturday... 600 .Six day thia week. .84,034 Sama day laat week.30.9S9 Sam day 2 wk. ago SI, 747 Same days 1 wk. ago 14,410 Sama day yr. ago... ,30,043 Omaha, Aug. 20, 191. C'attla Hosi Sheen 4.288 30,363 7. 689 20,610 ,34 KU.'l 7.707 11,184 4.687 6,102 2,500 2.10 3(i,69'i 80.8S0 35.164 66,629 43,446 78,534 44,974 40,627 ...14,941 . .. li.KOn Wednesday.. 6,761 Thursday... 4,042 Friday 1,66 34.997 118,609 Receipts and disposition of llva stock at the Union stock yards, Omaha, Neb., fur 24 hours, ending 3 p. m., August 20, 1921: RECEIPTS CARS. Horsos and Cattle.Hogs.Sheep.Mules Mo. Pac. Ry. I'nlon Pacific R. R. 11. & N. W. Ry., west .. C, St. P., M. & O. Ry.. C, B. & Q. Ry, east . . . l B. ft y. Ry., west .. C, R. I. & P., east ... Illinois Central Ry. ... C O. W. Ry Total receipts ...16 14 12 7 3 1 1 :t DISPOSITION HEAD. Armour & Co Curiahy Packing Co. Puld Packing Co. . Morris Packing Co. J. W. Murphy Swart & Co. J. H. Hogs. ..1,007 ;. 422 .. 571 .. 166 .. 761 73 Financial Lawrence 269 Total 3,931 Cattle About 600 cattle were received today but no sales were reported on which to base comparisons and prices were nominally steady. The weeks re ceipts of 34,800 were the largest since March. Under the pressure of heavy runs of both native and western beeves, fat steer orices are unevenly 2576o lower for the week. Some classes of she-stock have held about steady while others are 25o or more lower and the stocker and feeder trade has been draggy at declines of 26l40o. Tod this week Of I1U.50 on corn fed yearlings equals the best price paid this year. Quotations oo rattlo: Choice to prime beeves. Is.BOffS 10.00: Eood to choico beeves, IK.75fni9.40: fair to clod beeves. J8.OOI0 8.75: common to fair beeves, $7.508.00; choice tn crime vearllliJTf. S9.7510.5U good to choice yearlings, J?f 9.75; fair to good yearlings, 8.509.lo; common to fuir yearlings. I7.758.60; ..nfie to rrlme axass beeves. $.7.0O7.76: go4 to choice grass beeves. 6.257.00: fair tn good grass beeves, $6.256.25; comi.Oii to fair grass beeves, I4.uoo.uu; Mexicans, $4.005.26: choice grass heifers, 5.75'fl) a.2R: fair to eood grass heifers. H.iSW 5.60: choice to prime grass cows, 6.00: good to choice grass cows. 84.60Q) S"5. fair tn arnnd eras COWS. 33.7544.60 cnmmnn tn fair arasS COWS. $2.00 03.50; good to choice feeders. $6.767.60; fair n rwwi foo.loro 16.0006.76: common to fair feeders, 15.0008.00; good to choice stockers. 36.4007.00; fair to gooa Block ers, l.608.25; common to fair stockers. 34 5006.25; stock cows. 3.uuiB)4.!ii; siock heifers, 34.006.60: stock calves. $4.60 7 25; veal calves, 4.007.50; bulls, stags, etc., 33.0003.75. Ilnoa Th week Is closing with a small run of hogs, only 2.500 head show ing up. There was very little demand from shippers and packers appeared to be rather indifferent, resulting In the trade that was anywhere from steady to uc lower. Most of tne nogs som at un dines of 10ifil5c. Best light hogs made toD of 39.60. ana duik oi ids emuo ronlnt xnlrl from 37.60 8)8.7 5. "acKing hogs went largely at 87.508.00. Trade during the past week has been very un even, with trend to values lower. Pack ing hogs show a decline of 25 60c, while shipping grades are oumiooc lower. HOG3. Pr. No. Av. I 7 00 60. .356 No. Av. 55. .319 54. .288 68.'. 276 53. .354 52. .289 69. .255 62.. 274 32. . 224 55!! 188 79.. 201 Sheep Sh. 70 140 140 1 60 7 60 7 70 7 85 8 00 8 25 S 75 t 45 9. 65 and I.amli 110 .180 42. .378 67. .303 68. .307 65. .317 67. .267 75. .226 49. .178 40. .177 .78. .20,1 -Only one Sh. Pr. 240 3 7 40 7 65 190 70, 210 110 7 65 7 75 7 90 8 10 6 60 9 25 60 60 of Gas Rates in Columbus To Be Reduced September 1 Columbus, Neb., Aug, 20. (Spe cial.) Rates charged to consumers by the, Columbus Gas company will drop back from the present price of $2.25 per 1,000 feet to the old figures, $1.75 per 1,000 feet September 1. The 50-ccnt increase which the city coun cil authorized the gas company to charge expires September 1. . New York Moner,. New York, Aug. 20. Prime mercantile paper, tScr Exchange Irregular. Sterling Demand, 33.654: cables, 33.66U. Francs Demand, 7.73 tie; cables, 7.74c. Belgian Francs Demand, 7.68 tic; cables, 7.59c. - Guilders Demand, 30.93c; cables, 30.99c. I J re Demand, 4. 2 8 tic; cables. 4.29c. Marks Demand, 1.17'Ac; cables, 1.18c. Greece Demand, 6.46c. Sweden Demand, 21.36c. Norway Demand, 13.20c. Argentine Demand, 29.87c. Brazilian Demand, 12.60c. Montreal 10 percent discount. Omaha Hay Market. Prairie Hay Receipt! light, good de mand for better grades. Prices higher. , Upland Prairie Hay No. 1, 311.00 312.00; No. 2, 39.00010.00; No. 3. 37.00? 8.00. Midland Prairie Hay No. 1, $10,609 11.50; No. 2. 38.00010.00; No. 3. $7.00 8.00. Alfalfa Receipts, nominal, little de mand. Prices unchanged. Straw Light receipts, limited demand. Lowland Prairie Hay No. 1, $8,000 9.00; No. 2. $7.0008.00. Alaflfa Hay Choice. $17.00018.00; No. 1. $15.00016.60; standard. $12.00014.00; No. 2, $3.00011.00; No. 3. $7.0008.00. Straw Oat, 38. 00 9.00; wheat, $7,000 8.00. - Chicago Stocks. The following quotations are furnished by Logan A Bryan: Armour & Co., pfd 904 Armour Leather Co., common 12'. Armour Leather Co., pfd 83 Commonwealth Edison Co. - 109 Cudahy Packing Co., common 64 Continental Motors 5ti Hartman Corporation, common 75 Libby, McNeil & Llbby Sti Montgomery .Ward Co 17 National Leather 7 '4 Reo Motor Car Co. 17t? Swift ft Co. 954 Swift International ; 22 ti Union Carbide & Carbon Co. 43 '.4 Turpentine and Rosin. Savannah, Ga., Aug. 20. Turpentine 57V4C! sales 81: receipts, 1.372: shipments. 3.299; stock, 7.082. Rosin Firm; saies. i.; iih. 1.045; shipments, 4.901; stock. 71,690. Quote BD, $3.85: E, $3.8503.90: F. $3.863.6; G. $3.9204.05; H. UM9 4 10: I. $4.0004.10; K. $4.1004.15; M. $4.2004.25; N, $4.3004.35; WO, $5,060 5.10; WW, $5.56. Liberty Bond Price. New York, Aug. 20. Liberty bonds closed: 3H. 88.60; first 4s, 87.7$ bid; second 4s, 87.64 bid; Irst 4 Vis, 87.88; recond 4tis. 87.68; third t4s. 1.92; fourth 4t4s, 87.92; Victory 34, 98.74; Victory 44S, 98.74. London Money. London. Aug. 20. Bar Silver 38 ti pence per ounce. Money 3t4 per rent. Discount rates, short bills. 4i04H Per cent; three months bills. 44 per cent. , Chicago Produce. Chicago, Aug. 20. Butter Lower; re ceipts. 11,664; creamery, extras, 39c; standards, 86c. Eggs Unchanged; receipts, 8,324. Poultry Alive, unchanged. Linseed Oil. Duluth. Aug. $0, Unseed on track and arrive, $2.02 1 - - ,i Inmhi was received today.' not enough to make a market, and values were nominal ly ateady. , ' Trade during the week' has been very quiet with fat lamb closing 35 6i50e lower and with fat sheep show ing the flnt half dollar decline. Best fat lambs have droDDed to $10.00010.15, and good natives are not wanted above $9.25. Fat ewes are quoted at $3.7 5 4.50. and aged wethers up to $6.00 5.50. A few feeding Iambs are still selling up to $8.00, but most of the feeders are mov ing at $7.5007.75, about 25c lower for the week. Quotations on sheep: Fat lambs, west erners. $9.25 010.15; fat lambs, natives, $8.6009.25; feeder lambs. $7.2508.00: cull Iambs, $5.0006.50; fat yearlings, $6,750 6.75: tat ewes, $3.2504.50; feeder ewes, $3.2503.75; cull ewes, $1.5002.60. St. Louis Live Stock. East St. Louis. 111., Aug. 20. Cattle Recepits. 450 head; compared to a week ago, best steers, 25c higher; other grades and beef cows, 60 to 75c lower; Southwest ern sters, 75c to $1.00 lower; good heifers, 25o higher; grassers, fairly steady; bulk. .25' to 60c lower; canners, strong; stockers and feeders shade lower; veal calves, 60c higher. Hogs Receipts, 1,000 head; active, closing steady; top, $10.50; bulk light weights and lights, S10.2510.40; few medium and heavy sales, $9.25 for 300 pounders. $9.75 for. 260-pounders; $10.00 for around 230 to 240-pound average; packer sows, steady at $7.50; pigs, higher up to $10.40 for 130-pounders; bulk, 110 pound average, $9.0009.75; clearance, good. Sheep and Lambs Receipts, 300 head; practically no market; one short load of choice 70-poun. average lamb at $9.25, with $9.00 bid on another good load; mar ket compared with week ago, best lambs, 50o lower; all others steady. Chicago Live Stock. Chicago, Aug. . 20. (U. S. Bureau of Markets.) Cattle Receipts, 1,000 head. Market compared with a week ago: Beef steers, uneven; strictly choice and prime grades, steady to 10c higher; others, 25c $1.00 lower; spots off more, medium and good grades suffered most; fat she stock, generally steady; inbetween grade, weak; veal calves, 25050c higher; stocker and feeders, strong to 25c higher. Hogs Receipts, 4.000 head; market, largely 25035c lower than yesterday's average; top packing grade off most, holdover moderate, mostly held off mar ket, top $10.15; bulk light and light butch, era, $9.75 010.00; bulk packing sows, $7.90 08.25; pigs, 25o lower. Sheep Receipts. 2.000; compared with a week ago killing classes practically steady; feeding lambs, 25050c higher. Kansas City Live Stork. Kansas City, Aug. 20. (U. S. Bureau of Markets.) Cattle Receipts. 375 head. Market for week: Beef steers, 35031.25 lower, mostly 6Oc0$l.OO lower; she stock, generally 15025c lower; Inbetween kinds, mostly 60c lower; canners and bulls, 25c lower; stockers and feeders. 33c0$l.OO lower; stocker cow' and ' heifers, mostly 25c lower: stock calves, steady. Hogs Receipts, 100 head: : market; mostly 15025c lower than yesterday's average; mixed droves selling from $8.25 08.75; lights and mediums, $9.2009.30; few head 200-lb., $9.40; bulk of sales, $8.2509.30. Sheep Receipts, none. Market for week: Sheep, steady to 25o higher; Iambs, 350 75c higher. Sionx City Live Stock. Sioux City. Ia.. Aug. 20. Cottle Re ceipts, 700 head: market, slow ana steady; j neei sieers, vj.dvq'v.du, ito yraum,,, $7,5000.25; grass steers, $5.0007.00; fat cows and heifers, $5.0007.00; canners, $1.0002.50; veals. $4.0008.00; grass cows and heifer, $3.6005.60; calves, $4,500 6.60; feeding cows and heifer $2,604 4.50; stocker and feeders, $5 00g7.26. Hogs Receipts, 2,500 head; market, 15 if50c lower; light, $9.0009.50; mixed, $8.0009.00; heavy, $7.0008.25; bulk of sales, $7.5009.00. Sheep Receipts, (00 head; market. steady. St. Joseph Live Stock. St. Joseph, Mo., Aug. 20. Hog Re ceipts, 2,500 head; 6 10c lower;, top, $9.55; bulk of sale. $8.0009.60. Cattle Receipts. 600 head; nominal; steers, $5.50010.25; cow and helfera, $3 60010.25: calves, $4.0007.00. Sheep Receipts, 1,500 , head? steady; lambs, $9.85010.60: ewes. $3.6004.26. . By ALEXANDER DANA NOYES. (Chicago Tribune-Omaha Bra Leased Wire. New York, Aug. 20. In the dull market which prevailed today, after the usual role of a late summer Sat urday, the only news with a possible bearing on investment values was the overnight announcement of the steel corporations third .reduction in wages and the railway labor board's decision continuing the 50 per cent higher, pay for work beyond the eight-hour shift. Neither of these announcements visibly influenced today's market in which United States Steel shares did not change at all in price, while the railways were also practically mo tionless. Oaly the motor car stocks and a few other industrials moved to any purpose. In these there were several declines of a point or more, but in general the day's, changes were only fractions. ; German Marks Drop. Decline in the German mark' today, not of large proportions, brought it price al most exactly to that ' of the previous week's closing. How utterly confused Is the whole question or this valuation oi Germany' paper currency Is Illustrated by tho statement of the relchhsbank of Au gust 15, which reports .the somewhat, ex traordinary reduction of 9,025.000,000 marks in the note circulation during the preceding week. Further decrease of $39,000,000 In the loan and Investment account, as shown by the weekly statement of the Associated Banks, marked reduction of $06,000,000 within a month and of nearly $200,000,000 since the beginning of July. - Slrice the high point of the period, reached on the 16th of last October, these loans have now been cut down $1,116,000,000, or 20 per cent and they are less by $737,000,000 than In this week of 1920. This inclusion of securities owned inde pendently of bank note Issues makes it difficult to Judge how far thl Immense reduction measures actual contraction of money market credit, but the greater part of it must be a result of the liquidation by speculative borrowers and tho shrink age of business activity. The total out standing account Is now the smallest since July, 1918. ' New York Quotations 94 Range of prices of the leading stock furnished by Logan & Bryan, Peter Trust building: RAILS. Friday High Low Close Close A.. T. & S. F. 844 Baltimore & Ohio. 37t4 3714 8714 37ti Canadian Pacific .1134 1134 1134 114 N. Y. Central 7014 '0',i 7014 7014 Ches. & Ohio 63 53 63 634 Erie R. R lVi 13 13 ' 13 Gt. Northern, pfd.. 74 73 74 74 Chi. Gt. Western Illinois Central Mo., Kan. & Tex Kan. City Southern 25 Missouri Pacific ... 19 N. Y., N. H. & H. 1614 Northern Pac. Ry. 754 Chi. & N. W 6414 Pennsylvania R. R. 38 Reading Co 6714 C. R. I. & P 3114 Southern Pac. Co.. 7714 Southern Railway .... Chi., Mil. & St. P.. 254 Union Pacific . ... 1 1 9 74 Wabash " 74 STEEL. Am. Car & Fdry...l21 12014 12014 12H4 AIHs-Charrs Mfg Am. Loco. Co 83 Baldwin Loco Wks 72 H Beth Steel Corp... 4814 54 2414 244 254 19 19 19 16 16 1614 7514 754 7514 6414 6414 6414 374 37'4 31 6714 6714 57 3114 3114 3114 77 7J14 7714 1914 254 25 26 19 119 12014 83 714 4714 624 83 4714 63 Crucible Steel Co Am Steel Fdrys.. Lackawanna Steel. 3714 3714 3714 Midvale Stl, Ord.. 23 234 234 Pressed Steel Car.. 5414 5414 5414 Rep Iron, Steel Co 4614 4514 45!fc Ry Steel Spring... 7214 72 '4 7214 Utd States Steel.. 74 73 74 COPPERS. Anaconda Cop Mln 344 344 314 Am Smlt, Rfg Co. 3414 3414 3414 Butte, Sup Mln Co Chile Copper Co... 10 10 10 Chino Copper Co... 21 214 214 Calumet & Arizona 43, 4614 4614 Kennecott copper Nev Cons Cop Co.. 10 10 10 Ray Cons Cop Co. 12 12 12 Utah Copper Co... 4414 4414 4414 INDUSTRIALS. Atl. G & W I S S 20 19 Am Internat Corp. 2914 284 Am Sum Tob Co.. 434 4314 Am. Cot. Oil Co Am. Tel. & Tel 105 1054 Am. Agr. Ch. Pro.. 314 304 Bosch Magneto.... 2914 2914 Continental Can... 38 38 Am. Can CO Chand. Slotor Car 43 414 Cen. Leather Co... 24 244 Cuba Cane S'r Co Cal. Packing Corp. 6014 Cal. Petrol'm Corp. 324 Corn Pro. Rfg. Co. 6B1i Nat. En. & Stamp 39 3014 8314 48 64 234 38 Chicago Grain 56 46 4 73 74 73 344 34j im 9 21 'is 4 9 12 4414 20 29 434 17 14 1054'10514 31 31 20 28 434 6014 32 644 38 9 2914 38 43" 244 6014 32 85 39 38 24 42H 25 814 60 32 6514 39 914 Flsk Rubber Co Gen. Electric Co... 1114 11 lllli 111 Ot. Northern Ore 28 Oen. Motors Co... 10 9 94 Goodrich Co Inter. Harvester.. 694 69 Haskell & Br. Car 6614 6614 U. 8. Ind. Al. Co.. 4614 454 Internat. Nickel... 124 1 2 i Int. Paper Co 4214 4214 Island Oil 24 24 Ajax Rubber Co... 1914 19 Kelly-Spring. Tire 37 364 Keys'e T re & Rub 1214 1214 Int. Merc. Mar Mexican Pet. '.... 92 9114 Middle State Oil. 11 104 Pure Oil Co 24 24 Willys-Overland . 6 6 'A Pacific Oil 354 3514 Pan-Am. Pet. .... 41 '41 Plerce-Arrow Mo. 13 12 Royal Dutch Co... 474 46 U. S. Rubber 464 45 Am. Sug. Rfg 62 62 Sinclair Oll-Rfg. . 17 174 Sears-Roebuck 62 62 Stromsberg Carb Studebaker Corp. 68 66 Tob. Pro. Co 56 56 TranB-Cont. Oil . . 64 64 Texa Co 33 33 IT. S. Food Pr 164 1614 White Motor Co Wilson Co.. Inc.... 32 32 32 Western Union West. El-Mfg. ... 40 39 Amer. Woolen Co.. 6714 66 Total sales. 143,200. Money Friday close. 6 per cent, Sterling Friday close, $3.65. 69 66 46 12 42 24 19 37 12 V- 91 11 24 6 35 41 12 474 46 62 174 62 66 56 64 33 164 40 664 9 31 694 ie" , 12 43 24 20 37 12 9 92 10 25 35 404 134 47 46 62 17 63 27 68 56 6 i6 33 81' 39 674 New York Corb Stork. The following quotations are furnished . . New York Dried Fruit. JCew York, Aur. 30. Apples Eyaporat. ed; firm. Prunes Unsettled. Apricots Firm. Peaches Steady. Raisins QuisU Chicago Potatoes. Chicago, Aug. 20. Potatoes Weak: re ceipts, 69 cars; Nebraska, Early Ohlos, sacked. $3.2503.40 cwt.; Minnesota and Kansas, sacked, $2.7501.90 cwt.; Colorado and Idaho, white, $3.(603.71) cwt, by Logan & Bryan: Allied Oil "... 4 0 6 Boston Montana 62 0.l Boston Wyoming 66 0 68 Cresson Gold 111-100 114 Cosden Oil 5 6 Consolidated Copper 1 0 1 Elk Basin 60 6 Federal Oil .' 1 1 '4 Glenrock Oil 80 0 85 Island Oil 24 0 Merrit OU 1 'V4 Midwest Hoflntng Co 130 0140 Silver King of Arizona 10 20 Sapulpa'iOll 3 3 Slmms Petroleum 6 6 Tonopah Divide 70 71 U. 8. Steamship 30 32 U. S. Retail Candy 54 5 v4 Foreign Exchange Rate. Following are today's rates of ex change as compared with the par valua tion. Furnished by the Peters National bank: Par val. T'day Austria 30 .0016 Belgium I95 Canada 1.00 Czecho-Slovakla Denmark .27 England 36 France 1" Germany 238 Greece 199 Italy I'5 Jugo-Slavia Norway 27 Poland Sweden '. jj . Swltxerland .0764 .9060 .0124 .1650 3.67 .0780 .0120 .0660 .0433 .0063 .1345 .0006 .2150 .1700 New York Dry Good. " New York, Aug. 20. Dry goods were firm and quieter today. Many lines' of colored yarn good are sold well ahead. Gray good are strong at top price. Un derwear Is awaiting larger order from jobber for the fall season. Burlaps ha been a stranger lately and prices today were up more than 14 e from the low of the week. ' Itar Silver. New York. Aug. 20. Bar Silver Do mestic. 99c: foreign, (lc; Mexican I dollar. 47 c, By CHARLES D. MICHAELS. Chicago Tflbone-Omaha Bee Leased Wire. Chicago, Aug. 20. Wheat and corn displayed the greatest weakness today and December dsclined to a new low for the season, while all futures of corn dropped to the low est since 1906. There was a steady run of liquidation and although there were a few bulges, they met increased telling and the finish was well to- Lward the low point for both grains. uats displayed independent strength, being regarded as well liquidated. At the close, wheat was 22c lower, corn Hc lower, oats J4?4c higher, with Septembr leading, and rye l$42c lower. ... It' was a week of severe liquida tion, ; with 110 response to , construc tive influences and. a demoralized con dition all around, due to absence of general speculative buying and'de spitexthe purchase of nearly 10,000, 000 bushels of wheat for export. Sentiment Beiirlsli. Traders who bought early In the week were among the chief sellers Saturday and were also holders In general. Sen timent locally . was . more bearish and buying support was poor, the latter com ing mainly from previous seller . and those who were, taking profits In dally and weekly bids. Traders who were bull ish at above $1.30 for the September are bearish now at $1.15. There were reports of frost at Quap pelle. In western Canada, although no damage to the crop was reported. Cut ting Is well under way through western Canada, and the chances of frost dam age are regarded as less than usual. The main interest in wheat Is centered 111 tho speculative trade and the export buy ing. The latter continues good, and commission house were liberal buyers of September on resting orders. Export sale for the day were 1,000,000 bushels. Corn Under Pressure. Corn was under pressure from liquidat ing longs and local shorts and from cash interests. The buying was by commis sion bouses and to take profit on bids and previous sales. September dropped to 614c and December to 52c. with the close at nearly the bottom. Country offerings were fair and the cash demand poor. Oats had good support from commis sion houses and investors with changer active in buying September and selling December and the reverse at 214c to 2c difference against 3c recently. Selling pressure was lighter. Exporter were af ter old oats. The movement continues heavy, with receipts 132 cars. Monfreal exporters bought 400.000 bush els of rye futures here and a cargo was taken at the seaboard for export. Winni peg was also a buyer. The selling was by northwestern hedgers. Pit Notes. Wheat traders are more divided in their opinion than at any time in several months. Buying wheat on the statistlal situation has been unprofitable, ns prices have declined In the face of a nig export demand. The main point is the lack of outside speculative buying to offset the big volume of hedges being carried In all markets ana close ooservers Bay mai un til thrA i a. decided Incentive the out side demand to the bulges Is not to be expected. Primary receipts 01 wneac since Juiy 1 agregate 114,285,000 bushels, compared with 68,021,000 busnels last year. jai receipts since August 1 have been 32,098, 000 bushels against 16,127,000 bushels last year. The trade is looaing ior mis nt nf corn and a decrease in the mar keting of winter wheat and oats. Senti ment In oats is less bearish, while in wheat and corn it is a little more favor- ble to a lowering or values. An Illinois grain dealer report that the oats crop in hi territory was nimu failure. Yields ran irom u i 41 per acre and tested 16 to z P""""" After the rains came, which caught tno -i in shncit. farmers received 10 to 20c per bushel, the oat being almost worthless. Very few tenants received enough to pay for seed and twine, not taking Into account threshing and market- 1 T U A natr pnrn rrnn sells arOUnu 40c a it is now offered, 50 per cent of the tenant farmers will be forced to quit, as It will be impossible to finance another Farmers west of Lincoln are reported himr naid 250280 per bushels for cash New wheat at Winnipeg cont nues to 'grade high. Out of 94 cars received. 38 cars were No. 1 Northern and 53 cars No. 2 'reduction of 7o per 100 pounds on grain for export from Minneapolis has been made by the railroads. 'fhl. i in line with the reduction from Chicago and other central freight territory. CHICAGO CLOSING PRICES. By Updike Grain Co. DO. 2627.- Aug. 20. Omaha Grain Wht I Sep. 1.174 Dec. i.18 1.18 Rye Sep. 1.04 Dec. 1.04 Corn Sep. .52 Dec. ".'52 .62 Oats Sep. .33 .3314 Dec. .3614 .36 Pork Sep. 17.00 Lard Sep. 10.70 Oct. 10.70 Jan. 9.40 Rib I Sep. 8.95 Oct. 8.90 ' 1-11-.14.. tii'St' tlU 1.044 1.004 1.02 1.04 1.04 1,01 1.02 1.04 .62 .51 .55 .52 52 . .62 ".52 .52 .52 .63 62 .33 .33 .33 .32 33 .324 .36 .36 .36 .36 7. 36 17.00 17.00 17.00 17.00 10.70 10.60 10.60 10.60 10.72 10.65 10.70 10.70 9.50 9.37 9.37 9.42 9.00 8.92 8.97 8.92 9.00 8.92 8.95 8.87 Omaha, Aug. 20, Cash wheat nrices were 2 to 4 cents lower today. Corn ranged un changed to a cent lower. White was off Vt cent, yellow unchanged to Y2C lower and mixed a cent olt. Uat were unchanged to a cent higher. Rye declined 2 to 2Vt cents. Barley was unchanged to a cent higher. Wheat receipts today were 145 cars against 166 cars a, week ago, and 111 cars last year. - WHEAT. NoC 1 hard; 3 cars. $1,07; 1 car. $1.06; 1-3 car,' $1.06; '3 cars, $1.05 (yellow). No, 2 hurd; 3 cars, $1.09 (dark): 2 cars, $1.08,- (near ' dark); cars, $1.07 (dark smutty) 1 car. $1.06; 9 cars, $1.06; 1 curt' $1.06 v (smutty): 3 cars, $1.06 (smutty); 6 cars, $1.04 (smutty); 8 cars, $1.04 (yellow). No. 3 hard: i cars. ' $1.07 (dark);, 2 cars. $1.06; -i car, $1.07 (smutty, special billing); $ cars. $1.06; 3 cars, $1.06 (smutty) r 4 cars, $1.04 (smutty): l car, $1.04' (yellow); 9 cars, $1.03 (smutty); 8 cars,? $1.03? (yellow); 11 'cars. $1.02 (smutty): 1 car. $1.01 (very smutty); 1 car,. $1'.08 (very smutty). No. 4 hard: 1 car, $1.07 (dark); 1 car, $1.05 (heavy); 1 car. $1.02 (smutty); 8 cars, $1.02 (yellow); 6 cars,. $1.01 (smutty); 1 car, $1.00 (smutty); 1 car, 98o (very 'smutty). ' No. 6 hard:-1 car. $1.04 (smutty): K cars, $1.01 (yellow); 1 car, $1.00 (smutty); 1 car, $1.00 (smutty) ; 1 car, 96o (very smutty). , " Sample hard: 1 car, $1.01 (yellow); 1 car, $1.00 (yellow); 2 cars, $1.00; 1 car, $1.00 (smutty); 1 car, $1.00 (dark smutty) 1 car, 99o (yellow). No. 1 spring: 2-5 car. $1.12 (northern). ' Sample spring: 1' car, . $1.01 (dark northern). . No. l mixed: l car, $1.10 (dark); 1 car, $1.03. . No. 3 mixed: 2 cars, $1.00. No. 3 mixed: cars, $1.02 (no ton nage). No. 6 mixed: l car, $1.01; 1 car, 99c (smutty).- '. CORN. No. 1 white: 5 car, 4Ie. No. 2 white: .2 cars, 41c; 1 car, 40c (no tonnage). No. 3 white: 1 ear. 41c. Sample white: 1 car, 36c (80 percent damaged). No. 1 yellow: 4 cars, 42c; 4 cars, 4214c; 1 car, 42c. No. 2 yellow: 3 cars, 42c; 1 car, 42c. No. 3 yellow: 1 car. 42c. No. 1 mixed: 4 2-3 cars. 41c. No. 2 mixed: 10 cars. 41c. OATS. No. S white: 3 car, 28 c; S cars, 28c. No. 4 white: 6 cars, 27c. RYE?. No. 2: 4 car, 89o. No. 3: 5 cars. 88c. BARLEY. No. 8: 1 car, 60c. No. 4: 1 car, 48e; 1 car, 47c; 2 cars, 46c. Rejected: 2 cars, 43c. CHICAGO CAR LOT RECEIPTS. Week Year Today. Ago. Ago. Wheat 221 311 135 Corn 432 233 32 Oats 229 428 197 KANSAS CITY CAR LOT RECEIPTS. Todav. Wheat 310 Corn 23 Oats 35 ST. LOUIS CAR LOT RECEIPTS. Week Year Today. A so. Ago. W'heat 181 172 156 Corn 64 43 32 Oats 47 46 56 NORTHWESTERN CAR LOT RECEIPTS OF WHEAT. Minneapolis 310 329 190 Duluth 203 171 18 Winnipeg 127 49 48 PRIMARY RECEIPTS AND SHIPMENTS Receipts Today Yr. Ago Wheat 1,984,000 1,293,000 Corn 1,200.000 261.000 Oats .'....1,086.000 1,239,000 Shipments Today Yr. Ago Wheat 2.258,000 1,200,000 Corn 928,000 264,000 Oats 452,000 714,000 EXPORT CLEARANCES. Today Yr. Ago 665,000 1,085,000 17,000 Cantonments May Be Used to Train Ex-Service Men Cabinet Discusses Problem of Rehabilitation for Former Soldiers Harding Asks For Report on Plan. Washington, Aug. 20. President Harding has asked Director Forbes of the veteran's bureau to have ex perts study and report within 10 days on the practicability of turning one or more of the cantonments owned by the government into huge rehabili tation and vocational training camps for ex-service men. The request , was made following discussion of the subject by the cabinet at its meeting today. It was brought out in the cabinet discussion that the nation fared the prospect of rehabilitation of from 100,000 to 200,000 ex-service men and training them for their own pursuits in life. Where and how this can best be done, the president has been turn ing over in his mind, and bethought of the cantonments acquired at the outbreak of. the war as possible sites for the establishment of rehabilitation and vocational centers, i The suggestion was made that one cantonment be taken first and fitted out as an experiment where about 10,000 ex-service men corld be cared fcfor and trained for their life work. The cantonment would be fitted with shops and training schools adequate to the requirements of the men. If such an instiution should prove a suc cess, it is the thought by the admin istration that a half dozen or more such rehabilitation centers could be established, capable oi caring for 100,000 or more. Good Old-Fashioned Picnic to Be Staged By Omaha Elks Lodge It'll be pink lemonade, races, bal loon blowing contests and good old fashioned barbecue beef in which the Omaha Elks lodge, No. 39, will in dulge next Wednesday at Peony park at their annual picnic. Everything is set from near beer to frankfurters and jazz music for the boys of 39, their wives and sweet hearts. Harry Wilcox will be there with his famous concert band and there'll be music while the picnickers feast. For the veterans cf 39 horse shoe throwing will be the favorite pastime. Three saddle ponies will be provided for the tots. The following men will have charge of the affair: C. D. Loncrgan, chairman; C. E. Smith, 1L K. Halt zer, A. A, Westergard, C. W. Tay lor, E. C. Robins and A. E. McLar itau. Hikes to Join Husband ' Bigspring, Neb., Aug. 20. (Spe cial.) Mrs. Gladys Caskcy, to be with her husband, hiked to Sara toga, Wyo., where her husband is employed by the government. She was accompanied by Miss Olga Strashcini. Wheat Corn . . . Oats . . , OMAHA RECEIPTS AND Receipts Today. Ago. W'heat 145 166 Corn 59 80 Oats 22 36 Rye 12 13 Barley .., 6 13 Shipments Wheat 177 206 Corn 78 67 Oats 6 29 Rye 8 Barley 6 2 714,000 SHIPMENTS. Year Ago, 119 38 . 20 1 25 Minneapolis Grain. Minneapolis, Aug. 20. Flour and Bran Unchanged. Wheat Receipts, 310 cars, compared with 190 cars a year ago. Cash, No. northern, 31.311.36 ; September, ii.zift; uecember. l.zoc. Corn No. 3 yellow, 4647e. Oats No. 3 white, 2728 9,c. Barley 39 57c. Rye No. 1, 83tt93c. Flax No. 1, 2.002.02. New York Cotton. New York. Aug. 20. A little week-end covering, with moderate trade buying, sustained the cotton market at the open ing today and first prices showed 2 to 6 points net rise. The advance met south ern selling, but soon prices were about 7 to 8 points over the previous close. Con tinued hot, dry weather in the southwest seemed to prevent any aggressive bear ish operations in the early trade. Trading remained very quiet and fluc tuations later were narrow and irregular, with some scattered selling In prospect for cooler weather in the southwest. De cember fluctuated between 13.41c and 13.62c, closing at 13.47c, with the gen eral market closing steady, net 7 points higher to 11 lower New York General. New York. Aug. 20. Wheat Spot, Ir regular; No. 2 red and No. z mixea uur nm. 31.30: No. 2 hard, 11.31 and No. 1 Manitoba. 11.79 c. i. f. track New otk, Corn Spot, barely steady: No. 2 yel low and No. 2 white, 76c; No. 2 mixed. 75V.C c. I. f. New York 10-day shipment. Oats Spot, firm; No. 2 white, 484c. Other articles unchanged. New York Produce. New York, Aug. 20. Butter Weak; creamery, higher than extras, 424J43c; creamery, extras. 42c; firsts, 37V,(g4Hse. Eggs Weak, unchanged. Cheese Barely steady, unchanged. Poultry Live, barely steady; fowls, 26 32c: dressed, steady, unchanged. Bonds and Notes The following quotation furnished by tho Omaha Trust company: Bid. 1941 94 1922 98 Mi 1924 98H 93Vt 98 Approx, Ask. Yield 95 Am. Agrl. Ch. 7Vs, Am. T. & T. Co. 6s. Am. T. & T. Co. 63. Anaconda 7s, 1929.. Armour 7s. 1930... Belgian Oovt. 8s, 1941. .101 Belgian Govt. 7tt. 1945 102 Beth. Steel 7s. 1923 8 British 6. 1922 98? British 5tys, 1929 89 British KUs. 1937 87 C. B, & Q. Jt. 6Vfcs, 1936 100'4 101? C. C. C. & St. L. s, 12 8is 9U Chile 8s, 1941 98 98 Vt Denmark 8s. 1945 101 102 French Govt. 8s. 1945. .. .100 ft 1004 B. F. Goodric h 7s, 1926.. 90 9014 Gulf Oil Corp. 7s, 1933.. 99 Jap. Oovt. 1st 44i, 1925 88V, Jap. Oovt. 4s, 1981 71 i Norway ss. 1941) m N. W. B. T. Co. 7s, 1941 103 N. Y. Central 7s. 1930... 102 Packard 8s, 1931 95 Penn. R. R. Co. 7s, 130. .104 '4 S. W. B. T. Co. 7s, 1925.. 9(! Swift & Co. 7s, 1925.... 97'i Swls Govt. 8s, 1940 106 Tldew'r Oil Co. 4. 1930 94'4 V. S. Rubber 7Vjs. 1930.. 100i, Vacuum Oil 7s. 1936. ...1001s 101', west t-l.'C. .7, iBJl,,..iVl ivi 98 i 9S 93 98ft 101 102ft , 98 ft 89 8, 99ft 86 73 103ft 103ft 103ft , 5ft 105 97 97', Iflfift 94 100 8.00 7.30 6.55 8 15 7.20 8.00 7.30 7.70 6.30 7.20 6.87 6.37 7.66 8.20 7.80 8.00 f.tS 7.10 9.00 8.30 7.63 6.70 .B2 8.70 6.25 7.80 7.6-1 7.45 7.00 7.40 6.87 MP St. Louis Grain. St. Louis, Mo.. Aug. 20. Wheat Sep tember, $1.12; December, 31.14 asked. " Corn September, 49c bid; December, 50c. Oats September, 31 o bid; December, 34 o bid. Kansas City Grain. Kansas City, Aug. 20. Close: Wheat- September, 31.05 0 1.05; December) 31.07. Corn September, 41ft c; December, 44e. fr SAFETY Foreign Gov't Bonds Yielding 7 to 10 Railroad Bonds Yielding 6 ?4 10814 Corporation Bonds Yielding 6$ to 8 Municipal Bonds Yielding 4 to 6 4 Circular Upon Request. 1 Company Cs Dougla 6816 701 Peters Trust BIdg. Why the Rails should go higher SEVEN sound reasons why railroad securities should ma terially advance in price are stated in our new pamphlet on the railroad situation. Thif illustrated pamphlet alto gives detailed analytical reports on six leading railroad stocks which in our opinion have remarkable profit-making possibilities. This pamph let is yours for the asking, without obligation. Writ for A-1 STILWELL LEFFLER & LOWE MBMBSi COMSOLIDATID iTOCKXCHANOS,lt.T. 27 Williarl Street New Y4 k If T A r TIT AT Ti A VTX TCXTTP TYT A XT il I -for High Grade Listed Securities An opportunity) for the purchase of strong dividend' paying listed securlities Stocks and Bonds on Partial Payment Plan in 20 Month? Installment The present liquidated condition of the market and the outlook for the immediate betterment makes the early purchase of high s-rarlfi stocks and bonds advisable. Our nlan of sale will permit you to take advantage of present low prices and high income I in hn Kna4 afrtnlra onH hrtn4a " j 1.H4 VIA vuu V u V ...... w..vu. I I I Write or, phone for complete information. !i 1 1 Omaha atock o? .bond Lomoanv "I " - I Atlantic 5027 250 Peter Trutt Bldg. : Omaha, Neb. 1 1 3 UfooFDicBusoy World's G neatest i Fortune Maker IS fcul ..ltl...HWUILj Al What Age Will You Retire? AT sixty? That depends. Only three men in a hundred hive L enough to retire comfortably at sixty. And they can do it be cause they have; saved and invested regularly. A little money invested . a. v .... .1 1 in mga graae iisiea e toe us ana A bonds each month will make yon independent. Peter Perkins solved the problem. His book, "Getting Ahead," tells how. A new edition . is iust printed. A limited number will be circulated free. Write for copy of this fa urinating story today. KRIEBEL&CO. 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In volves no obligation. Pin name and address to this ad and send so O. A. Campbell, Edwards Bldg, Suite 7, Fort Worth, Texas. WwiTT, OKIA. ' eioooAoo When in Need Use Bee Want Ads What Every Investor Should Know If you own or contemplate buying; real estate, stocks, ' bonds, including Lib erty ; Foreign Exchange, shares in Building and Loan Associations, writ for free valuable book No. 802. "What Every Investor Should Know" 80 page illustrated. Rose & Company Investment Bankers 50 Broad St., City of New York ff 2 O STOCK PRIVILEGES C 1 O C wDZ PUTS AMD CALLS Q I J SO DAYS ODD LOTS Best, safest way to trade. No margin. Calls possible, as risk is limited. Profit unlimited. Ask for free booklet. -SUCCESS IN THE STOCK MARKET" With small outlay hundreds of dollars are made. UNLISTED SECURITIES KENNEDY & CO., Est. 1884 Member Consolidated Stock Exchanf e,N.Y. 74 BROADWAY. NEW YORK Servi C3 o o o in the careful handling of all orders for grain and provisions for future delivery in all the important markets. We Operate Offices at- Omaha, Nebraska Lineola, Nebraska Hastings, Nebraska Holdrege, Nebraska Geneva, Nebraska Chicago, Illinois Siouz City, Iowa Des Moines, Iowa Hamburg, Iowa Milwaukee, Wisconsin Kansas City, Missouri Private wire connections to all offices except Kansas City and Milwaukee. We Solicit Your Consignments of AM Kinds of Grain to OMAHA, CHICAGO, MILWAUKEE, KANSAS CITY AND SIOUX CITY Every Car Receives Careful Personal Attention The Updike Grain Company "The Reliable Consignment House"