THE BEE: OMAHA, MONDAY. OCTOBER 81. 1021.
Japs Consider
Understanding on
Navy Big Issue
Delegation to ' Disarmament
Conference Determined to
Do Utmost to Cet
Remit.
Hr Tli AlaU4 free.
Victoria. B. C Oct M-Tlie J
panrtt delegation to the Withins
ton conference . arrived hert filled
with determination, according to
ita tcokttmait. to (to everything
within reaion to accomplish' rtiulti.
Jinan hai no agerenive program
nor will it anrinjr any JUagree
able urpriea at the conference, the
i-orreipondrnt of .The Aioeiated
I'reii wai amired repeatedly during
the momrntoua voyage acrots the Pa
cific when a furious: atorm aeemed
conipiring to prevent the party from
fulfilling its minion. .
Admiral Raron Kato. the minister
of the navy and ranking member of
the delegation, in after dinner
apeechra during the trip, made ft
clear thut Japan comtidrri a naval
undemanding the great iitue before
the conference.
To Sound Atmosphere.
The correspondent gathered the
impression that Japan goes to Wash
ington wi'h what might be called a
program of accommodation and op
portunism. Its respresentativea will
first of all, sound the atmosphere of
the deliberations and present . the
cause of Japan as opportunity pre
sents. Japan, he was assured, would
not propose dismantling of Ameri
can fortifications in the Pacific . in
exchang-j for the destruction of de-
tenses of the colonial possession! oi
Japan in that ocean, but Japan's
basic principle is set forth author
itatively as he i tig its desire to mam
tain a navy sufficiently strong to
gag any naval force that any power
might be able to send to the waters
of the far east.
This may develop as au impor
tant point in the discussion of naval
limitations. It has a distinct bear
ing on the problem of fortification.
Japan apparently does not believe
that the naual bases at the Philip
pines and Guam are strong enorgh
to handle the entire American fleet.
If American far eastern bases were
ao enlarged to manipulate the whole
navy, then Japan would want to
strengthen its own fleet in propor
tion, it was averred.
. Should Destroy Forts.
San Francisco, Oct. 29. Unless
the United States' and Japan stop
fortifying the south Pacific, a conflict
between the two countries is in
evitable and for the sake of . peace
and harmony, both countries shonld
refuse to spend another cent for this
purposes, declared Kotaro Mochi
2uki, a leader of the Kenseikai party
in Japan, on his arrival on the Shin
yo Maru, which brought several Ja
panese groups bound for the Wash
ington conference.''
"You should destroy your forti
fications in-HawaSj the., Philippines
and Guam, while Vc, in turn, should
raze ours on Formosa' and other
island approaches ,tQ Japan." he said.
"If that is impossible, let us at
least stop where we are. God did
not make the Pacific to be disturbed
by conflict, but to be a 'holy water.' "
Coupl
e Reconciled
Dav After 'Divorce
Action Was Filed
Outside Influences, discovered to
be unfriendly to both sides, caused a
audden break in the domestic rela
tions of husband and wife in the
home of Dr. E. L. Leeper, Council
Bluffs Indian doctor, that led to an
appeal 10 me mvorcc turn i.
The break came Thursday fore
noon, followed by a divorce suit
filed late in the evening, explanations
and complete reconciliation Friday
evening and withdrawal Of the suit
and dismissal of all court applica
tions Saturday morning.
- Dr. Leeper appeared before Judge
Wheeler with his counsel, formally
dismissed the case and paid all the
costs. The break was caused, both
husband and wife said, by . misun
rkrstandinss in business matters.
A temporary court injunction nail
restrained Mrs. Leeper from enter
ing the laboratory or otherwise par
ticipating in the business of her hus
band, and this restraining order was
annulled by the dismissal of the di
vorce action. ;
. Investigation Closed
. Washington, Oct. 30. The senate
labor committee, investigating con
ditions of violence in West Virginia
coal fields, concluded hearings today,
three and a half months after it first
began the inquiry. Chairman Ken
yon stated he hoped the committee
would be able to report to the sen
ate in about a month. , ,
'The Last Long Flight'
Dedicated to Pilots ;
Killed in World War,
Is Official Aero Song
As a fitting tribute to aviators who
lost their lives during the world war,
a memorial song will be introduced
during the International Aero con
gress. " -'' j. j jjti.u-
"The Last Long' Fuht'Vis ahe"
title. It was written by James Hah
ley, composer of "Rose of Washing
ton Square," and "Baby's Shoes."
The Omaha Aero club has adopted
"The Last Long Flight" as its of
ficial tribute to aviators, who lost
their lives. '
Eddie Deeds of .the Omaha Aero
chib will sing the song. at the Qr
phenm theater this week. Ke will
ntyT in uniform. . To tomDlcte the
i - .'' .t.- ft...
flying- airplane in the United States
will be 'a the stage getting.1' It will
be-flown by Mr. Deed in exhibition
flight during the congress.-.
The song is dedicated to the mem
ory of S. Rankin Drew, son of the
famous Sidney Drew and one of the
first American aviators shot down in
France. "
THE GUMPS
r X.'HAY tt 0) 1HINK?
Owe c txt Vwc "to
tMBeotOpceP CHITON AT
'
Dr.MUlinerBack
From Year's Trip
Through Mexico
Wireless Expert Says Southern
Republic Holds Wonderful
Opportunities for Amer
ican Invstors.
That old Mexico holds a wealth of
natural resouices for the American
investors who will abide by Mexican
principles of business rather than by
domineering American methods, is
the statement of Dr. Frederick H.
Mitliner, wireless engineer and
scientist who returned to Omaha last
week from a year's automobile tour
through 10 western states and old
Mexico.
" Dr. Milliner's mother, who is 68
years old, accompanied 'him. They
toured 300 miles south of the Rio
Grande and crossed the international
boundary line without passports over
the dry bed of the river south of
Douglas, N. M., Dr. Milliner said.
Claims Americans Dictate.
"The educated Mexican says that
the average American investor in that
country is a dictator," Dr. Milliner
said. Mexico will tolerate Ameri
cans down there as long as they abide
by Mexican principles of business.
Ur. Milliner said he was not mo
lested the least bit by armed Mexi
can rurales in the country districts of
Sonora.
"Though inhabitants of . the rural
districts in - the mountains ' Still are
primitive," he said, "they are living
contentedly. Their little villages are
like community centers .'with the
adobe houses built in a sort of a
circle around a plaza where their
church is located. The chief food of
the villagers in Mexico is a cake call
ed inchalates, made of corn meal, egg
and .red .pepper.... J .ate many of. them
and thought them delicious."
While fording the Las Animas
river. Dr. Milliner broke the rear
axle of his car ' in midstream. A
rancher helped him make a substi
tute out of a shaft found on the Las
Animos ranch, Dr. Milliner said.
The noted wireless expert lost 57
pounds on his trip, he- said. . He
weighed 207 when he left Omaha and
when he returned he showed enough
spare room in his clothes to set a
hen. " , " - ,
Dr. Milliner made a plea for more
adequate tourist camps through the
country, tie said tourists are mere
numerous and in most instances are
men of moneyand prestige in some
parts of the country.
1 hey won t stay at a hotel, he
said, "and Omaha as well as other
cities would profit by establishing
up-to-date camps for them."
Little Anna Propp
Is Gayety Headliner
In "World of Frolic"
Little Anna Propp dances through
Dave Marion's "World of Frolic,"
brightening up the dull spots. She's
the real joy-bringer at the- Gayety
this .week. Whether reeling, in the
"drunk dance," or dancing the in
tricate Russian steps, she brings
down the house.
The Hollywood setting: of the pro
duction is used as an excuse tor
changing the action quickly. A "two
gun shentt,- Koy reck, chases a
French dandy. Ed Loeffler. through
a love scene staged by the inn-keeper
and the screen vampire. Sliding
Eilly Watson slides neither -as often
nor as far as in past years, but plays
the ordinary parts of bell-hop and
"Handy Andy." I . . ' ......
What are vou gome to do with
our boys now?" sings Joe Barrows,
playing the part of a. soldier in
France. While rifles crock, bombs
explode and smoke rolls across the
stage, Barrows T.iakes a stirring ap
peal for the veterans who .gave up
their jobs -and . left - for France.
Miss Lillian Harvey as Nellie. tly.
correspondent of the Bulletin, keeps
a note-book and pencil in hand while
she searches tor scandal Sometimes
she. bursts into song, and she really
can sing. . Nell Vernon, Jack Cam
eron and Anna Propp also have spe
cial song numbers. . A .; ...
" The production is staged by Dave
Marion, Musical, numbers are by
Mme. BartolcttL
Four Stills' 'Unearthed1':
On Missouri River Island
Plattsmouth, Neb., Oct. 30. (Spe
cial.) State Agents Smith and Jones
and Deputy -Constable Grebe of
Plattsmouth visited an island in the
Missouri river south of Bellevue,
where they unearthed four stills, 12
gallons of finished moonshine and
four, barrels of mash.. As they
turned their attention to a search for
the proprietor of the distillery, they
noticed a man in a skiff making his
way from the island to' the main
land. Jones and Grebe started in
pursuit in a row boat, and although
the waves were pretty rough and
they were drenched, they captured
their man near the Nebraska shore
and he wis taken to Papillion to be
arraigned before the Sarpy ; county
district court. ..-.-...
ill IT IN COLORS
IN THB SUNDAY III
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Police Probe Death of
Man From Alcoholism
Taul Steinwender, assistant county
attorney, ordered a probe into
the death of Roy Wesley, 2115
Dodge street, following the report
from the coroner's physician that he
died of alcoholic poisoning.
According to Chief of Folice
Dcmpsey the alcohol was purchased
in the vicinity of Thirteenth and
Jackson streets. He said an inves
tigation is being made.
"We believe we know who sold
Wesley the alcohol," said Demp
sey. "When our case is made we
expect to make an arrest."
Depreciation In
Texas Pacific Is
Business Mystery
Wall Street Heads Unable to
Account for Drop From
$2,200 to $170 of Value
Of Company's Stock.
By HOLLAND.
About two years ago the stock
of the Texas Pacific Coal and Oil
company was quoted in the market
at $2,200. Although so large an
amount as that was offered for a
share of the stock not many of the
stockholders were persuaded to part
with their stock. A few days ago
the market quotation for this stock
was $170. That was almost exactly
the figure which this stock had long
commanded and it was from this
quotation that the rise began. Now
in. less than two years the quotations
for this stock have fallen at first to
the original quotation and is now a
little above that, about $250.
Ko one teems to b able to explain
this audden depreciation. On the other
hand the reaaena were excellent for the
rapid and almost unparalleleiT apprecia
tion in the market quotations for this
stock. These reasons contained one of
the romantic naratives associated with
the unexpected discovery and production
of oil. For the company was exclusively
entaeed for years In the production of
coal. It was not one of the great coal
producers. But none other surpassed It
in reasonable profit-making; operations.
Paid Regular Dividends.
The company was so skillfully managed
that It maintained regular dividends But
in the district from which the coal is
obtained a scarcity of water fit for drink
ing began and the miners and their fam
ilies complained. The company therefore
decided to secure an adequate supply
of water by means of artisans wells drill
ed to reach Inexhaustible pools or springs
of excellent water.
This drilling, however, revealed some
thing else than water. From the holes
made by the drills, oil oosed and the ex
perts who made Investigations reported
that much of the district covered oil
fools which tould be profitably exploited,
t the tradition associated with the dis
covery of these oil pools in a Texas coal
mining district be justified by the fact,
then another romance is added to the
number of those which have made the
discovery and production -of oil In the
United States as romantic aa some of the
discoveries of gold and silver.
Why the Stock Depreciated.
Men who have had long experience in
the stock market are now saying that
they know of no other rcord which com
pares with the one which reports the
rapid appreciation In the market value
of this stock and the still more wonder
ful because very mysterious sudden de
preciation in these quotations.
After a time when there were daily
reports of appreciation In the quotations
for this stock. Information was sought
of the managers of the company. Stock
holders were told that If they bought
additional stock provided they were able
to get any with the price of $600 they
would discover in time that it was cheap
er at that price than when the prevail
ing quotations of stock wero only 1170.
The president and general manager of
the company did then an unheard of
thing. He caused an advertisement to
be published in which he counselled the
stockholders not to part with their stock.
The Inference' was that he as manager
was convinced that the increasing value
of the properties would Justify a large
increase in the marketing offerings for
the stock. So this stock, with rapidity
day after day, jumped until at last an
offer of (2,200 a share was made. Some
of the stockholders who found themselves
under temptation to sell their stock at
this high figure were dissuaded ' from doing-that
because they were told that
the government would seize for taxation
purposes from 60 to 80 per cent of the
profit they would otherwise make. Some
who were well informed predicted that
quotations would Increase until at last
13,000 was offered tor a share of the
atocli.
Reaction Set In.
This was entirely free from any spec
ulative appearance nor was there the
slightest evidence of any attempt to force
a corner. And yet after so blch a figure
as- 12,200 a share had been reached re
action began. But whyT The veterans
of the Wall street district who have been
observing this strange movement of the
stock confessed themselves to be unable
to explain It. The company was not
bankrupt nor has its credit been in any
way impaired. It maintains a regular
dividend of 10 per cent. From Texas
come report that not any indication of
a falling off In the supply of ell has a
yet been observed.
The strategy of the speculators has
not been employed to manipulate this
stock. Why then should there have be
gun a falling off In the market quota
tions? Sometimes this reaction was as
sudden aa waa the dally tains In the mar
ket quotations of the stock, yet it drop
ped and continued to drop until at last
the quotation was $170 which was the
market value of the stock before oil
waa discovered within the district con
trolled by the companv.
It all the history which hat recorded
strange or unusual operations in the stock
market none surpasses In mystery or In
terest the one which describes the sudden
and very great appreciation of this stock
and then the continued falling off In Us
market price. Of course if the credit of
the company were not the hleheet. If there
were indications that the oil supply was
becoming exhausted then the reason would
be apparent for this change. But the
company la managed with great skllL It
has maintained its business In these de
pressing times. It did increase its cap
ital stock at one time, but that ap
pears to have made no difference In the
credit or strength of the company. At
all events this atrange whirl-about In
m.rket quotations is one of the topics
which the veterans of the Wall street
district now are discussing, all of them
saving that It Is a mystery la which is
Involved suspicion ot unworthy in
fleeac. 1
MRS. ZANDER DOES A LITTLE SHOPPING
MM. ZANHft-
to Mt I TO
IT OUT Of H HAN&t-
wr ur to the tmr
JtrmMCKT lOOKtP at A
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LiveStock
Omaha, October SI.
Receipt werel Cattle Hots Sheep
Official Monday ...Is, tit I.4TS II. H
Official Tuesday MM
Official Wednesday. 7.7S0
Official Thursday... ."
Official Friday 1.1
Fatlmfit RMturriav. .. 300
MM 17.4:i
l.ois ll.tal
,7 11.171
i.UO 1,107
2.000 ISO
Ala days this week 11.001 11.171 lt,0
Mam day last week 41,140 M,l7 77.117
Mam days I w'a a o 40,ll 17,711 74.0
Rem days t w a o 1,07 1MI7 ;4.;1
8am day year ago 41.747 11.1! 70,114
Receipt and disposition of live stork
at the Union Block Yards, Omaha, Neb.,
for 14 hours, ending at I p. iu., October
' RECEIPTS CARB,
Cattl Hogs Sheep
Mo. Pae. Rr
Union Pacific R. R
C N. W. Ry., east.. .,
U. N. W. Ry. west ....
C, Ht. P.. M. A O. Ry. . .
C, H. A Q. Ry., esst. t
:., H. A Q. Ry., west. ..
C. n. I. A P., east.. ..
11
s
16
1
I
II
1
Illinois Central Ry .. 1
c, o. w. Ry 1
Total receipts 10 tl 1
DISPOSITION HEAD.
nog eneep
Armour A Co
Cudahy Packing Co. .
rold Packing Co. ...
Morris Packing Co. ...
Swift A Co
.141
110
..127
,.4U
..Ui
tit
J. W. Murnhy 117
Morris Pack, fr. Sioux Fallsltr
Total M2T
110
Cattl On a run of aoout 300 cattl to
day the market was nominally steady,
most of the arrivals being killed direct.
Tho weeks' receipts of 30,000 are slightly
smaller than a week ago. Not much
fluctuation was noted in prices at any
time. Quality averaged plain and the
acarclty of the better kinds of beef and
butcher stock resulted In a stronger mar
ket toward the end of the week while the
commoner cattle were rather draggy
throughout. Good stockers and feeders
are closing strong to 25o higher with the
plainer grades about steady. Real toppy
of all classes have been lacking.
Choice to prime beeves, 19.00010.00:
good to choice beeves, 17.76.00; fair to
good beeves, 17.00 O 7.76; common to fair
beeves, ss.oo.sg; choice to prime year
lings, HO.60ffll.60; good to choice year
lings, 19.2610.50-, fair to good yearlings,
18.26W1.25; common to fair yearllnga,
16.6008.00; choice to prime, grasa beeves,
tS.757.60; good to choice graas besves,
15.75fi6.60; fair to good grass beeves,
15.006.7(; common to fair graas beeves.
!4.005.00; Mexicans, !3.754.60; good to
choice grass heifers, 14.7G5.60; fair to
good grass heifers, 13.764.75; choice to
prime cows, 14.40 4.75 ; good to choice
grass cows. 14.004.40; fair to good grass
cows, 13.101.0; common to fair, 12.35
1.60; bologna bulls, 12.503.25; veal
calves, 15.0010.60: heavy and medium
calvea, 14.008.00; prime feeders, 16.35
0.76; good to choice feeders, 15.666.25:
fair to good feeders, 16.10S.60; common
to fair feeders. 14.60iSl.00: aood td ohoice
stockers, !6.006.0; fair to good stock
ers, t.iowb.ou; common to fair stockers,
14.25Si5.25: stock heifers. 14.00iB6.25:
stock cows, 13.0003.75; stock calves, 14.00
W'.ov.
Hogs The week is closing with a run
ct 3,000 hogs and a slow and lower trade.
Light hORS met With thft nnar.lt daman
and had to sell on a 2535c lower mar
ket, closing at the full decline. Heavy
hogs were mostly 15 25c lower, but the
olos was dull and draggy on all classes.
Best light hog dropped to 17.60, the
day's top and bulk of receipts sold from
16.S67.25. Trade during the past week
iiuciuaieo. witnin a ratner narrow
range of values but the market la nln.
Ing about 2560o under a week ago, with
inui nogs snowing tne most decline.
HOOS.
No. Av. Sh. Pr. N. Av. Sh." Pr.
87. .382 ... 1 10 66. .341 220 1 6 25
60. .867 150
42. .373 160
30
6 40
60
62. .323
28. .417
46. .311
46. .257
70
6 33
6 45
6 (5
75
90
7 10
7 25
7 60
60. .285 180
45. .345 160
140
40
70
6 85
7 00
7 15
7 85
64.. 269 40
81. .210 120
'fl. .237
79. .205
48. .201
74. .114
70
42. .161 ...
84. .203 ...
Sheep Not enough sheep or lambs were
received today to make a market and
values were nominally steady. The trend
to prices In fat sheep and lambs has
been strong to higher on most days this
week and both classes of stock are clos
ing at advances of 50 7 Bo over a week
ago. Best fat lambs are now bringing
!8.508.60 and cood to choice mm
quoted at 14. 60 6.00. Feeder trade has
been rather auiet at nrlcna lEOssn .hnv.
last Saturday. Good feeding lambs are
BUIII QUI at 9l.KDVf.BU,
Quotations on Sheep and Lambs Fat
lambs, good to choice, 18.2S8.0: fat
lambs, fair to good. 17.76 ia ss. f....
lambs, good to choice, 17.1607.50; feeder
minus, inir 10 gooa, se.7QQ 7,16; cull
lambs, 15.2588.25; fat yearlings, 15.16
6.25: fat ewes, !3.755.00; feeder ewes,
I2.76WJ.60: brecdlnr cwaa. 13 nn am en-
cull ewes, tl.008.60.
Kansas .City Live stock.
Kansas City. Oct. St. rtl. s n,i... r
Markets.) Cattle ReceiDts. 7nn .h
Market for week: Beef steers strong to
36c higiher; fat ah stock, mostly 1525o
15o higher? fat she stock, mostly 1636o
higher; top yearlings. 110.00: rinn.n
Strong; cutters, big quarter higher; bulls,
strong to 25a higher; killing calves, stock
cows and helftrs, steady; stockers and
leeaers, . weaK to 26c lower; stock calves,
steady to 60c lower.
Hogs Receipts. 200 h Afln. flaTfia nnn-
sisted of i loads to packers at 17.36,
around lOo lower than yesterday's aver
age; 1 load ot desirable pigs at 18.25,
steady.
Sheep Receipts, on. Market for week:
Sheep generally 2640c lower; heavy
ewe up more; tat Iambs, 75?86c higher-
tun, .v, lecuing lamos around 60c
higher.
Chicago live Stock.
Chicago. Oct. 19 (II 8. Tliiroaii nt
Markets.) Cattle Reoeinta una k..d
Market compared with week aan: Rr
ateers, mostly 25 50o higher; spot up
mure; uuicner cows ana nelfers, '15Kj740c
higher; canners and cutters, 1015c
higher; calves, mostly 26c higher; stock
ers and feeders, 15$26o higher.
Hogs Receipts, ,000; market, 10 16c
lower than yesterday's average; closed
strong; practical top, 17.76; light lights,
up to 18.00; bulk. 17.267.5; hold over
light pigs, lower; bulk around 18.00.
Sheep Receipts, 1,600 head; today's re
ceipts practically all packers direct. Mar
ket compared with week ago: Fat lambs
and yearlings, 6076c higher; sheep, 25
eiiuo higher; feeder lambs, mostly 25c
higher.
Sioux City Live Stock.
Sioux City, .la., Oct. 29. Cattle Re
ceipts, 150 head; market, steady; fat fed
steers and yearlings, 16.50011.60; grsas
steers, 14.006.00; fat cows and heifers,
14.004J8.00; canners, tl.OO0i.76; veals,
14.0009.00; feeders, $4.0006.00; 'calvea,
11.6001.60; feeding cows and heifers,
12.7601.16; grass cows and heifers, 13.75
5.60.
Hogs Receipts, 1,200 head; market, 15
016o lower; light, 17.8507.50; mixed,
16.6007.26; heavy, 15.7501.76; bulk of
sales, 16.1607.1S.
St. Joseph Live Stock.
St. Joseph, Mo.. Oct. 21. Hogs Re
ceipts, 1,000 head; 10015c lower than yes
terday's packer market; top. 17.40; bulk,
11.71.
Cattle Receipts, 100 head; maraei
steady; steers. 14.60010.50; cows and
heifers, 13.16010.50: calves. 15.0001.10.
Sheep Receipt 100 head; market nom
inal; lambs, 18.0001.76; ewes, 14.000
4.75.
Kansas City Grain,
Kansas City. Oct. 2t Wheat Dectm
ber. 11.00 ; May, 11.04.
TWO. tHC W THl tHOt
ptrrrMtHT w uou at
,h to cunrn at mm
rwnvc V A OtlM G
tOUTAtei. OH V4R. t6Kt(HCHT
ml
Omaha Produce
Furnished by Stat ef Nebraska, d.
psriment of agriculture, bureau ( mar'
set and marketing:
Weekly nummary, .
POULTRY.
The poultry market took slight turn
this week snd srlr on live coring and
hen showed an advanc ot to to to per
pound the last of the week. This artv.nc
Is due to tne strength shown In eastern
marketa. Ind also to a falling off of re
ceipt bar. Buyers are paying lo to
too per pound for live prime and IT to
no per pound tor nens, aepenaing spaa
els and quality. Other poultry remains
unchanged. The demand for poultry la
good but not much more than enough
poultry I coming In than will supply the
oral demand, rrirea on areesea poultry
remained unchanged to only slightly
Dlghsr.
rnna
The hi market took a lumo of le to to
per pound on fresh eggs the middle of this
week, with buyers paying 45o to 47c per
doien for extra select eggs, ana selling
st 470 to 50a wholesale. Under grades
range correspondingly higher from prices
quoted the first of the wtix. Fresh eggs
are extremely hard to get at any Price
and a great many storage eggs are being
old at prices ranging from 30o to Kc
per dosen wholesale. There I quite a
demand for storage stock from country
points to supply their local trade.
BUTTER.
Creamery butter took a drop of lo per
pound this week In Omaha, although the
eaatern markets remained firm. Creamery
prints are quoted at 4 bo par pound to city
p.tnil iiiera tha last of the week.
Country butter remained unchanged as the
amount ot this butter coming In Is hara-
ly enough to materially afreet to maraec.
POTATOES.
Potato shipment have continued heavy
this week, in fact were heavier than last
week. A total or ius cars arrived i"
Omha tha first five days of this weea
aa compared with a total of 89 cars for
the corresponding naye or lasi .weea.
Moat of the potatoes are coming In from
the Red River valley of Minnesota and
North Dakota, with large shipmenta from
South Dakota and Weatern Nebraska.
Prices have continued to decline aome-
what, with wholesale dealers selling ro, i
Nebraska stock at 11.70 to 13.00 Per cwt.
and No. 2 at 11.60 to 11.85. Red River
stock Is bringing 12,15 to 12.16 the last
of this week.
HAT.
The receipts of hay coming into Omaha
this week, as shown by the reports from
the hay exchange, have lanen on some,
what this week. A total ot 31 cars ar
rived at the echanga the first five days
of the week: 20 prairie and 16 alfalfa.
The demand for hay, especially the better
grades, continues good. Tne coniinueu
demand for the better grades of alfalla,
together with a falling off In receipts,
caused an advance of 60o per ton . on
choice No. 1, and standerd grades,
LIVE POULTRY.
Wholesale ' Wholesale
Buying Pr. Selling Pr.
Broilers 10.1910.20 - 10.2010.23
Springs 180 .20 .200 .22
Hens, light 170 .18 .19 .20
Hens, heavy .... .200 .22 .22 .25
Cocks 100 .12 .12 .!
nurka 10 '.20 .16 .20
Oeese 10 .14 .15 .18
Turkeys 250 .30 .28 .32
DRESSED POULTRY.
Broilers
Springs
Hens .
Cocks .
Ducks .
Geese .
Turkeys
56
.2
.26
.24
, .24
.16
.30
.25
.30
.20
.30
.au
.45 .6
EGOS.
46 .47
..... .44 , .45
33 .36
30 .31
BUTTER.
Select
No.. 1 .
No. 2 .
Cracks
.48 0
.46
35 .37
320 .31
Creamery, prints
Creamery, tub .
Country, best ... .31 .1
Country, common .260 .26
.34
.27
BUTTERFAT.
Station price ... .37 0
Glllnskr Fruit Co.
Fruit.
Apples: Johnathans, all sizes, extra
fancy Slwash, 11.50; extra fancyJim Hill.
o or.. hni-. tim Tiandv. 12.75: basket
Ganos, 13.25; basket Johnathans, 12.76;
basket cookers, iz.zo.
Bananas: Per pound, 08c. -Oranges:
126-160-176-200-216, 17.50; 250,
17.00; 288. 16.00; 324, 15.00.
n-.Va wn.lt! Fancv 64-70-80-96, 16.00;
46-54. 15-60; choice 64-70-80-97, 15.00; 46-
4T.em'nn: 270-300. Suukist. 17.50; 360-
240, 17.00; 180, 15.00; 210, 16.00; 270-300
choice, 17.00. .
nr.nh.rriM' Barrel, about 12 pounds,
Late Howe, 119.00; box, about 41 pounds.
17.00; Jersey Darrei, iis.cu; joraejr ua,
6?2'.r,... Almerla. 110.00: Drum Red
Emperors, 17.00; crate Tokays or Empor-
""'ears'Barrel Kelfers, $7.60; bushol,
VM. - . .. .
prunes: urate, e oanoi, m.v.
Melons: Casaba, 13.60.
Dates: Dromedary, 16.76.
All prices subject to change without
notice. , ...
vegeiaDies.
nniona: Soanlsh. per crate, 12.60; large
"rsfhhieef'nrate lots. .03c: 10 lots sacked,
.02V4c; small lots, saoked, .04c.
Potatoes: Nebraska Ohlos, ,02c; R. R.
Ohlos, branded, .02o; R. R. Ohioa, un
bonded, .02Ho: bakers, .05c.
Sweet fotaioea: ooumern uasiwia, v-.w.
southern 6 baskets, 1.6; star i-pounu
barrel, 11.00; Star 5 baskets, 14.7a.
HIDES.
Green salted, short haired, No. I. per
lb.. 6c; short haired. No. 2, per ip oc,
long haired, No. 1, per lb.. 4c; long haired.
No. 1, per lb., 8c; green. No. 1, per lb., 4c.
Hrfrse Hides Large, each. 12.60; me
dium, each, 12.00; small, each, 11.50,
xony ana giues, one-uu y''0.
Sheep pelts, 25065c. .
. Shearlings, 10 20c
Wholesale prices of beef cuts ar as
follows: No. 1 ribs, 20ttc: No. 2 ribs,
16c: No. 3 ribs, 13c; no. l loins, ztfto;
No. 1 loins, 18 c; No. 1 loins, 14e; No.
1 -rounds, 16c; No. 1 rounds, UVic; No.
3 rounds, llftc: o. i cnucKs, ic;
No. 2 chucks, 8Uc; No. 1 chucks, 6Uc;
No. 1 plates, 1c; No. 1 plates, 7ftc; No.
3 plates, 6c
ft AX. .
Prairie No. 1 upland. 111.00012.00: No
2 upland, 19.00010.60; No. 1 upland, 17.60
1.50; No, 1 mimanu, tiu.&vii.uu; no.
2 midland, $8.50010.00; No. 1 midland,
17.00(98.00; No. 1 lowland, tl.609.00;
No. 2 lowland. 17.0008.00; alfalfa choice,
$17.0018.00; No. 1. 116.00016.00; stand
ard. $12.00014.00; No. 2, 19.00012.00;
No. 1, 18.0009.00.
Oat straw, 18.0009.00
Wheat straw. 17.0008.00.
Miscellaneous.
Peanuts: No. 1 rout. .12c; Jumbo. .17c:
raw 2c a pound less; 10-pound cans, salted,
11.50; 30-pound pail, .lZttc.
English Walnuts: No. 1 s. a. per pound,
13c; No. 2 S. S. per pound, ,24c; budded,
37c
Almonds: Drake. 10-sack lot. .11c: L.
X. L. 80-sack lots, ,28c.
Honey: 14 frames, 16.00.
Celery: California rough. $7.00: extra
Jumbo, dozen, 11.60; medium Jumbo, dos
en, ti ll; medium Jumbo, dozen, $1.00.
Figa: 70 4 ox., 14.00; 14 8 os., fa.oo;
10 pound, 4 row, $2.00: 60 1 os., $4.00;
12 10 os., $1.(0: 10 pound, 1 row, $2.00.
Cucumbers: Box extra fancy t dozen.
$4.00; fancy, $3.60.
Lettuce: Crate, per crate, 16.00; Idaho,
$5.00; per dozen, $2.00.
Roots: Rutabagoes, per pound, lo less
pts. ,03c; psrsnip, turnips, .Olftc; beets,
carrotos, 01 He
Weekly Failures
Business failures for the week ending
October 17 number 470, which compares
with 111 last week. 119 In the like week
, V. ,,1 .M ..... ... M. .11. ...
Ma 1117.
r GOOb
muu
i
FOOft VHUX 6M- IF tc
OH TXAT fWVUE-
rr wu. et juvr uke
4
WHIN 6
OUT Of-
Financial
B ALEXANDER DANA NOYES
thlrag Tribune-Oman Be Lraed Wire.
New York, Oct. 30. It would
hardly be in line with the fact to
y that the calling cif of the rail
way strike has altered the general
situation, for there wat never good
reason to expect any other end to
the past formght'i episode than the
collapse of the brotherhood demon
stration. The strike order was a
blundering piece of business, in
which the unions themselves never
had any heart. That it may have
been provoked by the exceedingly
maladroit way in which the railway
managers conducted their program
of publicity regarding further reduc
tion in wages is possible, but that
that did not alter the certainty that
tiie brotherhood order would even
ualtly fall flat.
The present status of the railway
situation, therefore, is precisely the
same as it was in the middle of Oc
tober, which means that the problem
of the next few months hangs on the
capacity of the railroads to continue
their drastic economies and on the
question of the recovery in traffic
and gross earnings through the
gradual expansion of general trade.
Ions Higher.
While financial attention has been so
closely converged on the railways and
the threatened strike, not much has been
heard or said of the cnurne of things
In the money market. What has been
happening there, however, has been rath
er impressive. It Is true, discount rates
In open market nave come down only
slowly alnce the New York reaerve bank
lowered Its discount rate from 5 per
cent to 5 per cent on September 22. Time
money last week waa only about 14 of 1
per cent below the rate prevailing at
the time of that reduction, and mer
chants paper hardly reduced that much.
Loans of both classes, still, in fact, bring
a higher rate on Wall street than in
the federal reserve.
But Wall street loans do not alwnyR
measure the general situation fairly when
autumn activities are immediately ahead
and the larger trend of eventa points to
very decided revision of conditions in
the money market after the larsc De
cember scttlementa have been completed.
If thfa readjustment at the "turn of the
year" puraues the tine of paat experience,
it Is reasonable -not only to expect. In
1922, a muclr' lower general money market.-
but as a logical result, distinct rise
In prices for existing high-grade invest
ment securities and -In due course, equal
ly distiivct reduction of the interest rate
charged on new loans floated for first-
class foreign governments and home com.
panies.
Two Incidents of the past week testify
so unmistakably to this tendency of events
that tney supersede all Indications of Hesi
tation on the day to day money market.
One of these Incidents, naturally, was tha
further rise in reserve ratio of the entire
federal reserve system, making a gain
of 1 per cent during October, as agalnet
a decline or nearly 1 per cent In October,
1920, and 2 per cent in 1919. The other
Incident, even more emphatic- In ita in
dication of what experienced financiers
expect, was last week's reduction of thS
Interest rate on short term government
certificates by the treasury which came
down to 4!4 per cent, the lowest rate
since 1919 and comparing with 6 per
cent a year ago, which were Instantly and
largely over subscribed. This is one un
mistakable forecast of the outlook tor
next year s markets. '
' The market's discovery that Germany Is
at present meeting In goods and not in
caah, the built ajf Its accruing payments on
reparations account did not greatly help
tne value or uerman currency last .week.
There was no particular reason why it
should have helped It, so long as the gov
ernment at Berlin continues to rjour out
new paper marks at the nomtfial rate of
1100,000,000 per week. The arrangement
for paying the reparations debt "in kind"
was altogether wise. It Is advantageous
tor an parties concerned ana bias fair to
solve tha tangled problem of the burden
on Germany. But Insofar as the value of
the mark Is sffected by the amount con
tinually added to Germany's Irredeemable
paper, it makes no vital difference
whether the newly Issued currency is
handed.
Bank Clearings
Bank ' clearings In the United States
for tho week ending October 27. reported
by telegraph to Bradetreet's Journal, New
York, aggregate 16,248,501,000, agalnat 17,-
I3S1,158,0U0 laat week ana l8,02Z,83b,uoo in
this week last year. Canadian clearings
aggregate 1261,188,000, as against $277,
120,000 last week and $336,231,000 In thiB
week last year. Following are the returns
for this week and last:
New York 13.508.300.000 4.180.200.000
Chicago ........ 495.334.000 673.423.000
Philadelphia .... 390.000,000 473.000,000
Boston 2H9,663,000 364,752,000
Kansas City ... 146,902,000 140,685,000
St. Louis 138,000,000 139,700,000
San Francisco .. 127,000.000 150.800.000
Cleveland ...... . 77,655,000 100.335,000
Detroit 93,211,000 102,44,000
Baltimore' 68,699,000 82,634,000
Minneapolis 70,439,000 . 8.0,170,000
Los Angeles .... 84,716,000 100,000.000
Cincinnati .63,622,000 68,081,000
New Orleans ... 46,469,000 68,118,000
Atlanta 64,111,000 64,111.000
Richmond 42.862.000 48.056.000
Omaha ......... 86.840.000 40,740,000
Buffalo 34,485.000 41,835,000
Seattle " 29,437,000 35,836,000
Denver ,- 12.100,000 32,582,000
Portland, Ore.17 39,061,000 17,367,000
Dallas 29.436.000 86.058.000
Milwaukee ..... 26,874.000. 29,632.000
Louisville ...... 21,892,000 26,729.000
Houston 23,603,000 30,359,000
Memphis 28,308,000 25,124.000
Nashville, 17,688,000 18,255.000
Oklahoma ' 27,189,000 27,657.000
St. ' Paul 16,196,000 16,704,000
Birmingham ... 19,365,000 25.338,000
Fort Worth) .... 11.895,000 14,200,000
Indianapolis.... 14,837,000 18,868,000
was n ton, . u. c. 16,435,000 18,201,000
Salt Lake City., 13,117,000 14,786,000
St. Joseph 9.883.000 10.109.000
Toledo ......... 9,748,000 11,599,000
Columbus 12,099,000 14,459,000
Wichita 10,790.000 11,310.000
Providence 16.454,000 14,427,000
Tulsa 5.662.000 6.484,000
Spokane ........ 10.669,000 12,311.000
Des Moines .... 8,273,000 8,880,000
Rochester 6.9E0.000 9,570,000
Akron 5,992,000 1.998.000
Oakland 11,638,000 12,538.000
Hartford ...... 7,018,000 8,694.000
Norfolk .-. 6.249.000 7,610.000
Sioux City .... 4,771,000 - 6.289,000
Galveston . 8,119,000 8.090,000
Total, V. 3. .,16,148,601,000 7,111,159,000
Food Prices Higher
Bradstreet's food index number, based
on tne wholesale prices per pound of 81
articles used lor rood, is 12.99, compar
ing with $2.91 last week and 14.07 for the
week ending October 28, 1920. This week's
number shows a gain of 1.4 per cent over
last week, but a loss of 26.6 per cent from
the like week of last year.
Increased: Flour, wheat, red: wheat,
spring; corn, oats, barley butter, coffee.
cotton-seed oil, Apples, eggs, beeves, hogs,
lambs, cotton, gray goods, wool, O. delaine;
bay. steel scrap, Pitts.; tin. yellow pine.
Decreased: Hams, short ribs, oleo oil.
hops. Pacific; condensed milk, evaporated
milk, print cloths, linseed oil, steel rails,
steel scrap. Chic; car wheels, old. Chic;
cast Iron. Chic; antimony, spelter. ,
V
V
Drawn for The Bee by Sidney Smith
Ctr"k(, I Ml, CkiM In CnmI
NIGHT.
THE TWfOO,R&
A AN vOH-
I III
Bonds and Notes
Bid Asked Anns.
Yld.
Am. Ag Ch. 7 Si. 1941.. 91 9i t il
Am. T. A T. Co. 4a, lilt 91 loo t o
Am.-T. A T. Co. , 1924 99 99 t.lt
Anaconda Is. Itlt .... 97. 9714 7 40
Armour 7s, 1910 loo H loouT. 191
lielgian Uovt. 1941.. 100 lQuS 7.91
Helgian UovL Tta. 1141.101 101 ss
lleih. Steel 7a. 1921.... 91 99
Hrlll.h te, 1911 91 9'
llrltl.h 11,1, 1119 93 St ti
Cana. North's. Use. 1944.101
('.. B, Q. Jt. 4 St a. 19lt.l01 101(4
Chile ts. 1941 49m 99
Denntsrk Is. 1941 101 104
lu Hunt 7 Its, 1911 U 104
Kr.nch Govt. Is. 1946... 34 100
7 60
l.kO
French Oovt. 7 Us. 1941. US 9444 101
H. r. Goodrich 7s. 1911.. 95 6 1.44
Goodyear Tiro la, 1941. .104 164 T.69
Ureal Northern 7a, lIM.lOtv; lot, 4 40
Jap, Govt, let 4H. 1116. Vt t
Jap. Uovt. 4s, 19J1 16! lVt
Norwav ts. 1140 , .u .... 104 10444
9.1
4.01
7.11
N. H. Tel. Co. 7. 1141. .104 106)4 LIS
N. Y. Central 7a. 1930.. 101 104 4 40
I'enn. R. K. Co 7a. 1930.104)4 104
Penn R R Co. He. 1911.101 1HV,
S. B. Tel. Co. 7s. 1921.. 99 99
Swift ft Co. 7s, 1935. ...100 10)
Swift 4k Co. 7s. 1981 100 100
Swiss Govt. Is. 1140 101
U. 8. Rubber 7ks. 1930. .101
lot T.17
101 t.tl
Vacuum OH 7. 1911 103 104 H
Weat'n Union C)4a. 1934.102 102
sot
t.ll
Weat'gh'se tl. 7a, 1931. .101 101 t.tl
llruauav Is. 1944 98 99 'i 1.04
liraill IS, 1141 II 91 101
New York Curb Stocks.
The following quotations are furnished
bv Loaan A Bryan:
Allied OH t O 4
lloston Montana ....
Boston Wyoming ..,
Cresson Gold ...... I .
Cosden Oil ,
Consolidated Copper
Elk Basin
Federal Oil
Glenrock Oil
Merrlt Oil
Sapulpa Oil
Klmms Petroleum ...
V. B. Steamship
U. S. Retail Candy...
II 0 98
71 0 10
1
tot
mt m
to t
....9 1
19 1
109 11
l0 4
....9 t
13 0 $4
t 0 !Si
New York Dry Goods.
New York, Oct. 29. Cotton goods wer
firm in the print cloth division on moder
ate loading. Yarns were steady. Linens
sold well for tho balance of the year In
many of tho Importing houses. Burlap
were quiet. Silks showed little change
for fall dollverlea, but spring business ex
panded. Wool gooda were quiet In men's
wear but moderately actlvs In dress
gooda for spring. ' 4
if
500,000 Motor Accidents
In 1920 there were 500,000 Motor Accidents in
the United Spates, of which 9 out of every 10
could have been prevented by carefulness.
Unfortunately, no matter how careful you may
be, there will always be foolhardy drivers whose
actions you are powerless to control.
Against such drivers you need protection
Accident Insurance solves the problem at a very
reasonable cost.
J Call ATIantic 0360
"Pans the
640 First National Bank Building
'- '
InsuranceSurety Bonds -Inreitment Securities
WE solicit your consignments of
all kinds of grain to the
Omaha, Chicago. Milwaukee, Kan
sas City and Sioux City markets.
Wt Offer You pit Services of Ottr Offices Located at
Omaha, Nebraska
Lincoln, Nebraska
Hastings, Nebraska
Chicago, Illinois
Sioux City, Iowa
Iloldrege, Nebraska
Get in touch with one of these branch
offices with your next grain shipment.
The Updike Grain Company
"The Reliable Consignment House
Omaha Grain
Omaha. Oct 29.
Only Si eari ef grain were re
ported In today agilnit e9 cart Ut
.Saturday and 19V cart a year ago.
Wheat arrivals wer only 4 cart and
the market for this cereal wat not
much changed. Corn and oslt alio
brought yetterday" pricca. Rye wat
up a cent and barley wat nominal.
Wheat N. I ktiti I car, $1 It (11 ft
eat smuttr),
Ea, t karai t ear. lie (smalt t
. I sprtnai I car, 90s laormslt,
a, I ml tail I . It (omuiiy),
Corn K a. I yellow I I rr, lie,
Ne. mli4l I ear, I to.
Ne. wkliei I cr, If.
t Ne. I Willi! I ear, II,
shipper- weights)! I cars, !, (ship,
per' weights). .
Ne. 4 wktUl I ears, 17 e. (nippers'
rlshttl
ample whilst I , 17e, (It per cell
barley, nippers' weights).
K No. 1. I car, ttc No. H I
t7.
ample I ear, 44c.
CHICAGO CAR LOT lrfEllTi
Week Tsr
Today. Age, Ago.
Whet .H !
Corn ,147 ! 1
Oat It 114 tl
KANSAS CITT RKCKIPT1
Wheal lit 114 117
Corn l I
Onto II t II
T. LOUIS RECKirT.
Wheal II
Cra 91 II It
Oat 14 II II
NORTHWIaTN RKCKirTi Or WHEAT.
Minn 441 111 104
Duluth II HI !"
Winnipeg 1.114 1,111 lit
PRIM ART RECEIPTS AND SHIPMENTS.
Receipt Today. Yr, Ago,
Wheal I,46t.t 1.484.004
Com 414.404 411.441
Oat 441.004 114.000
Shipments
Wheat HI. 000 741.004
Corn Iio.ooo 147,000
Oats IIMOO 111,000
EXPORT CLEARANCES.
Wheal 1.049.000 1.174,001
OMAHA RECEIPTS ANf SHIPMENTS,
Receipt Toaay v a. Ago ir. Aim
Whaal
4
12
14
11
I
I
10
1
II
1
1
144
rorn
Oat
1
t
I
I
4
t
It
14
I
r
ti
u
t
114
1
14
17
I
Ry
Barley
Shipment
wneai
Corn .
Oais ,
R .
Barley
CHICAGO CLOSING PRICES.
By' I'pilIKe Oraln Co. PP. 4;7, Oct. It.
Art. I Open. I High. I Low. I Close. I Test
WbU I I I I
Dec 108 1.01 1.01 1.01 1.01
l.oi l.oi 1.0IH
May 1.18 1.14 1.12 1.12 1.11
, 1.114. , Ml Ml!
Rys I i I
Dec. .11 .18 .11 .11 .J'i
May .17 .811 .17 .17 .17
Cora I
Dec. .48 .41 I .48 .481 .41
May .14 .14 .11 .61 .14
41 .14
Oat i
Deo. .11 .11 .11 .11 .11
88
May .18 .18 .It .38 .88
I II .18
Pork 111 II'.
Jan. 1 116.00
Lard i
Jan. 1.10 8 90 8.90 1.90 I 12
May t.ll t.12 t.ll 9.32 I 1.40
Rib I I I I I
Jan. I 7.41 7.42 I 7 41 7 41 I 7 45
May I 7.86 7.86 I 7.86 7.81 I 7.87
New York General.
New Tork. Oct. It Wheat Spott
steady; No. 2 red and No. 1 hard, $1.16;
No. 1 Manitoba, $1.17 and No. 1 mixed,
durum, $1,01 c, 1. L track, New York to
arrive. .
Corn Spot, tteadyl No. I yellow, tlc;
No 1 white, 66e and No. 2 mixed, 46o
c I. f. New York, lak and rail.
Oats Spot, dull; No. t white, 4! 0 48c.
Lard Firm: middle west. $10.6010.6O.
Othsr articles Unchanged.
Claim Ftrsi"
Geneva, Nebraska
Des Moines, Iowa
Milwaukee, Wis.
Hamburg, Iowa
Kansas City, Mo.
