THE TEE: OMAHA, TUESDAY. NOVKMBKK 15. vm.
Market, Financial and Industrial News of the Day
Live Stock
Reeetptl wrt
Vanity eeltiuale
ante I set week
Hams I whs. ago J., 4.414
um I wka, ago ...14.1st
am fur h 14, 144,
Omaha. November 11
Cattla lingo iheep
4 1".
4.1.3
till
4.473
8.4:4
.Il.ooa
4
4.794
11.(3
.4
.. ...
' "i ..'
it U "
"I ..- ..
' ' . "
. .
.
71 , .17 ,tl
Rerelpts sad aiipoettloR en" Mva slock at
the Vtuoa nook yerda. Oiaabe, Nab., for
1 hour, sadlat ll I l, u, November
RBCIIPT C A RLOT.
Cat. Uota BBSS 1L-M
a, t. a at. p. nr. i
Ma. Pao. By 4
laloa Pan. J. H, ...131
C N. W. Ry aaat
a N.W. Ry.. wut 1!S
C, It. P., M. aO.Hr. 14
C, B, A Q. Ry, east t
C, B. A Q. Ry., west 1(1
C, R, I. A P., aaai.. 4
C, R. L A P., nI
llllnola Caniral Jiy. - 1
c. a. w, Rr,
Total receipt ...44
L-lBfOBITlON UKAP.
Cattla linen bbe'p
IriKDur A Co. 645 I"! 31
Cudahy Peeking Co. ...i T4 ' 1241 4UI
Dalit Packing Co, ). 7 . 1
Morris Psrklug CO. .... tit . " 501
Swift A Co. ts lots 1 10
J. W. Murphy ll
Swarlg (or Hn. St. Taul .... Hi
Lincoln Parking Co.
lllggln! packing -Co. ' ... '' fcT
Hoffman Bros. 41-..,. ...
,-visysrowirn ar. vsi.,.,., i ....
Midwest recktrif Co. ,t.
P. O'Dea .. ...i . . .y.w..
Omaha Packing Co. ....
John Roth A Hone . ....
So. Omaha Pkg. Co. ...
Benton A Van. Sent
.1. H.. Bulla
R. M. Burruea A Co,
W. H. Cheek .11.
Dennli A Francis
Fill. A Co
John Harvey .'.'.. .4...
lluolilnger. A-:wiyar-T.
J. Ingliram , .,'...
j-, u. iveiing t
foel Lundgreoi .iim.
F. P, Lewis n ..
J. B. noot ' Co.
Roaenatock Bros;
Sullivan Bros..
W. B. Van Hunt A Co. .
Werthelmer A L'egen'
Other buyer!
no'nacnim ... ...... .-a ,
....... ica '
Krba .........
41 .
14 '
?4
J I
.. ,
M
- It
. 4,1
ir
i
7$.
?27
(J:
1
34
4f.
'.. 4)t
a. 1 "
.. 4S9
Ill
.V.V. -1
v
a . . . i
Ji'lwt- It;!
I'!
IJ
T0,i ,6tta 5874 4T19
Cattla A liberal ran of cattla Monday
following: Innt wefk'a' ApprtHneil markt
w reponl for funhor woalineM In
prlr.aa all alone? lha line. CTwlng to brarlnh
report! from eaitarn baef cnn.unilng cen
ter both pnekera anU ahlpperB wera
benrlnh ln thalr vlewa and the tra.la
very ilow at prlot-a Jlhat wcra generally
a ohade lower than the latter part of
laat week.i . Soma rlht- Rood- Ions fed
beevea brought I4.it but warmed up and
hurt fed ateera at ls.76iS.7ti were an
low in at any time thin aeaaoo. Cow etutt
and atoi'kem nnd feeder! wera generally
aleady to unevenly lower.
yuutatlons on Cattla Chotra to prime
beevea, 9. "OS 10.0(1; good to choice beevee,
47.7i4p9.liO; fair to uoocl beaven. U.7.r.i8)
7.6Q; common to fair oeevea, 46.75w6.75;
cno r. 10 nrnne veariiMKa. i v.',p n.w" ,
good to choice yearllnKa. 9.25(&) 10.51); fulr
to food yearllnirs, 47.7 5 iii 9.00; common to
fair yearllnge, 45.G0!ii7.10; choice to prime
grann beeves, I6.76ii'7.W; good to choice
graaa beevea, 46.00S.7&; common to fair
gram beeves, H. 26(8 , on; Mexicana, 41.00
4.75; good to choice graea heltern, 41.00
4)5.60; fair to good graea heifers, (3.75
445,00; ehnlra to prlmagraaa. cowa,..l 1.25
4H.76; good to choice graua cow. J.90
4.26; fair to good ram cowa, $3.40i!t
4.S6; common to fair graea cowa. 42,50
W3.S6; food tochoica Teedera, 45.H54fll.40;
fair to good feodera, , 45.25(95.75; com
mon to fair feeders. 44.50 61 6; good to
choice atockera, 4.oaiS6.76; fair, to good
atockera. 45. 60.IJ6. 00; common to fair
atockera, 44.754jjS.60; Block helfaw, 44.00
ft 5 15;. atock cowa, 43.00D5; etorK
calvee, 44.007.0O; veal calvea, $4.0040
10.00; bulla, stage, etc.;, 2.262.75.
BBKi?" STEERS,
No. Av. Pr. No. Air, Vt.
25 790 6 50 :;. JS.....V.1133 t-t 90
16. i:i95: 7 00 ; 24. UU . 7 25
is. ..... ;i5 io tio .
STKBRS AND IIE1KER3.', ; -S3...
I.. Ml 00 " . .- ". .
T!n..l.Th. ...,lr nn.nart -wlt'li a hnff
run of 70 load! or 4.60Q head. The market
vn a trlflo low in opening and price!
very Irregular, choice butcher weight!
that fitted a special order aold at about
ateady. prlcsa, 44.60 to a top of 46.80. The
market on light hogs wae 10g15o lower
than Saturday, best hero celling at $6.65
and from' that on 'down to 46.40.;Aa haa
been the case for, aeTeral day! heavies
were a drug on trio . nvarket nhd the few
that sold went largely at 45.605.76. fully
1625o lower. Bulk of sales was ,$3,750
4.75. ' '-.. ,-.,; .-
HOUS.
No. Ar.
S3. .446
62. .313
67..4S
73.224
43.. 201
41.. 214
66. .194
Sh.
110
70
Pr.
6 8ff
5 00
so
6 35
4 45
4 65"
6 65
Av.
.341
.267
.318
Bh.
70 $
70
260 '40
Pr.
5 90
6 15
6 30
6 40
6 60
60
6 DO
lambs, run
Trade was
40"
61
' 6
71. .241
- 70.. 175
' 74. .262
T7..1S9
Sheep Today's , sheep and
mi estimated at 4.600 head.
active-thla -jnornlng and the BUpply dls
poied of at an early hour. . Kat , lamb!
were around ,lS5q .higher,, ffia best hers
going at $8.75.. Tradjs .was aUo active in
feeders which ' topped , at, 48.00.,,., Sheep
wera about steady.
Quotations on Bheep: -Fat lambs; 4;ood
to choice. 18.60 9.00; . fat. lambs,, fair to
good, 7.758.60: feeder lambs,, good to
choice, $7.508.O0; feeder lambs, fair to
Kood, $6.75 T.0 ; cull lambs, $5.266.25;
fat yearlings, $5.606.26; fat wethers,
$4.605.25; fat ewes. 43.604J4.25; feeder
ewes, $2.76 3.50 (. cull ewes $1.0.02.60;
fat ewes, heavy, ja.uuws.ou,
FAT LAMBS.
No: ".','. .' ..,.' A'W ,
125 feeders . 71 .
FEIJRBR LAMBS,
46 feeders 71 - -
Financial
By ALEXANDER DANA NOYES.
Chlrag Trlbun-tanaha Ha Ieaa4 W Ire.
New York, Nov. 14. Our govttn
mcnt't wefj)iiisl proposal of re'
ducliim in the naval ariiumrnt pro
Kram, Imviug ben publislied after the
doe of btiKtnrK baturday ana the
nroooials liavinir been greeted witlt
nation-wide approval over Sunday,
the Mock exchange was naturally
watrhrtl witli interest, (or its owu
verdict at today opening.
The 1irs(. response was favorable.
First prices (or active itocki were in
numerous cases higher by 1-J point
or more than Saturday's closings and
further advances occurred in the
early; business. (Wore - mid - day.
however, heavy selling had revcraed
the movement arid before the day
was over, the stock market had fallen
into great irregularity, with declines
of 1 to 4 points in a considerable part
of the list. . . . ,
, , Mrl l.Ma fag. 1
Tills wekn converged pulally on
almrt! of tl.o ."armament. compani-!,' and
of Ihe rotiitanl'a In general. Wall
lr t appeared to 1. Impressed primarily
with thit nrnbabfe e at- 'nl. p(e.l bllsl
(as by thn rIJu hulldlng planU ari'l
alf. limed Induetrles, If the v.hlntn
pmsrnm ahould be ratlflel: S lungmant
n ri"i'ied In th 1 lo 1 point declines in
BlfH'k of the Itethlehem and Crucible
rompanles, ' Tha - loss of business would
irrttttnly oerur and a eoiwlderabla part or
lha ship building plants. Installed during
the wsr, would Ixcomt uniwnducllva dur"
Inr lha ."10-year psval holiday."
This win an Inferenee from- lha Wssh
Ingion propnauh aa neAs'nry. aa expects
lion of greatly curtailed orders waa from
the aigiiing of the wrmlsik 0. But th
etf-i't on yearly net prntltg of the rom-
panl.s Is more negligible. Alt - wellln
formed renple know that ship 'bulldlnir
for the United States navy 1s not In the
rlaes of highly remunerative business
returns on such contracts," In the words
of the Tlethlehem steel- report to tha
shsreholders at 'the end of ISIS, being
kept down- tn tho awards ' to "a 'imall
percentage of tha cost."
h . Foreign Exchange Active.
The day'! decline In -other stacks un
connected with . that, industry,- rauaed
more perplexity. As a -matter of fact
atid lexperlence, however, financial mar
ktts rarely move Imulslvely In response
to a proposal or decision, whose effect on
the financial situation would be slow. It
thla has been a reus in which, the con
crete tiuestlon at Jesue was between dan-
sreroua Increase, or reduction in ne na
tional budget, and, if financial market!
had bean moving apprehensively before
hand the story of the day would' proo.
ribty h different. 1 Hut that was .not tno
situation.- It-wll not have been forgot
ten that an event -whlqh-moanf so mucii
In retrospect as the enactment or mo
federal -reserva-. law In j lia. evoaea nu
esponse whatever from the reactionary
stock of the period.
Foreign exchange made mor! or a re
sponse today, ana tru aay s rapiu -
vanro in rales on France, tngiana "
lialy were perfectly logical,
New York Quotations
tlange of prices of the loading stocks
furnished by'Logan & Bryad, Poteia Trust
High' Low Close Bat
A T A S P . . 86'
Balllmora A Ohio 37W
Canadian Pacific.11414
N y Central
hes A Ohio ......
Krie R R
lit North'n. pfd...
Illinois Central . . .
Kan City Soutlv'n,
Missouri Paclflc
8614
S6H
Close.
8111
37 'i
114H 111'A 114T
72
64Vi
12
72 '4
964
2414
72ft
55 1
12H
V,
24T4
19'.- II
13Vi
68 Si . "
S5 . 854s
a t tr t IT
I . r 11 (V II.. .
North'n Pacific .By .79 76i,4
Chi & N W , 68
Penn R R 36
Reading Co 10Vi
C, R I A P 824
South'n Pacific Co 79 '
Southerar Ry-. . .. 18 74
:h . Mi & St Sr. .
f:nlon Paciflo ....'.12344 1UH
Wabash TH fk
STEEL.' - .1
Am Car A Fdrv. . . .13751 1S6
Allis-Cbarera .aifg- .3514 . ti '.'5.
Am Loco Co ...... 1W 41 -"
Bald. . IAC9. ' W . , . a
714
34
12
11
9it4
24 i
76H
'6H4
32
784
78
23'
S3
.
32
78
1'
2.1
122
'. '
1S6
73
J 2
73 74
96 H
24i.
iH
13'4
784
68 54
36
704
82 "4
78 '
18 7s
Both - -Btl. Corp.
:oio. p. & I.- Co.
Cruo. Stl. Co
Am. Steel Found.
Lack. Steel Co...-Mldvale-
Btl. -A O..
Press. Stl. Car Co,
Rep. I. & Btl, to.
Rail. Stl. Spring.
Sloss-Shef. Stl....
S. steel
Vanadium Bte.el...
9374
57 ft. S3' H14
24
62
29 -40
2 Mi
SI'.
48 94-89
25
.65
30 M,
41
25V4
41
50
90
24 (4
6274 ,
-.
. 4074
. 2 4 74 :
.41
' 49 74
89 74
83:
3274
8174
3074
81
3074
138
S57a
94H
5
58
6674
30 yt
41
25
6174
50 74
89
39
8374
31
COPPERS.
a.-Pr.
... 7 90
' Chicago Lire Stock.
Chicago. Nov. 14 ,U. S. Bureau of
Iarkets.) Cattle Receipts. 25.000; beef
steers, above $8:00. 'ateady to strong;
spots, higher? oth'ers. ;low.- Steady to low-
. .1 lXT-nminrt . -Ill 'ZCi' OO
others In load -lot- mbove-410.00? cholca
prime heavies, J604 d 1630'POtuidSi $9.35;
"bulk, beef steersi..' IS-SSS.IO; ehe.-stocK,
higher; bullav woatly .steady; ealvee. 25e
lower; bulk goa'vealers. 450; Btockcrs
and feeders,- steady to 26o toiver..,
' HOgs Receipts, . 45.000-,' 2630c -lower
than Saturday average; shippers .bought,
about 12,0ee:-' closing.- weak; .holdover,
moderates 150, to ItOj pound averages un
to 47.26; vesy fewoyer 47.10; bulk, $6.60
T.04; pigs. '.:J04?16o lower.; ..bulk, desir
ables, $7.76ie7. 85, .-..-. - '.- . '
Sheep Recelits, aS9. 000: opened around
25c lower; closing stronKi Jew late sales
fat Ismbs steady with last .week's close;
top. fat lambs. $,25r toJm. .4&900:
packers, top. fae ev iMj- t" city
butchers. 44.50; bulk. $3.24.00; ..feeder
lambs, firing top. $8.36.. ".
Kansna City Live Stock.
Kansas City. K.v, "14.-?. , 8. . Bmwtt
of Markets.) Cattle Receipts, J8.0OO
head- all classes dulf: beef steers weaie
to 26c lower; top hcavtes, 48.25t she stocK
end bulls, stesdy to weak; most cows,
43.50tJ4.00; heifer Irenerally, $4.8o06.5O,
one load yearling V heifers, $7.25; . mosr
bulls, IJ.Oafi! 3.50; Cannera and cutters
mostly steady: bulk canners. $2.506:.7a;
cutters generally $3..00Z25: calves, 60c
to 41 lower; few i-ealers. $8.Z5Oil.30; bulk
desirable kind, 47.40 8.00; stockers and
feeders, steady to Weak: early sales feed
ers. $4.0055.75; atocTcers. S4.SS0S.tO;
mostly 44.504.64."
Hogs Receipts. 1.009 hd; closing ac
tlva to pacteia and shippers: mostly 104?
lso lower than Ssturday'a average.
; Sioux City Llvo Stock.
:Sloux"City, la., Nov. 14. Cattle Re
ceipts. 4.50B hesd: market slow, steady;
fed steers and ryeariinaja. - 47. 60010.50;
short feds, 45.00 7.00; grass steers. $4.00
Crt.OO: (st rows and heifers, t.00r5.50:
canners, $2.0003.00; veals, 1.00trS.O;
feeders, 14.0044. 00; calves, $3.S07.00;
feeding rows and heifers. 43.0O4r4.0O;
grass cows and heifers, 41.35tf4.60.
Hogs Receipts. 4.000 head: market 15c
to 1 5c lower; light. S.5I0.7S: mixed.
16.45 9 4 40: heavy, 45.754?4.40; bulk of
sales, 46.169&.C. - j-
Sheep and Lambs Receipts, 4.00S head;
market 16c to 2o lower-
8t. Joorph Lit Mock.
St. Joseph. Ms, Not. 14. Csttle Re
ceipts, 4.600 head; ateady to 1 5c lower;
steers. 64.255 19.00; rows and heifers,
44.16014.76; calves. S4.e0tT.59.
Hogs Receipts. 4.50! hesd: ie;4c low
er: top. 46.90; bulk, 45.2506.40.
Sheep Receipts, 4.6 head; steady to
15c lower; lamb. 4S.008I.I0; ewes, $3.26
4.44.
x '
Evwporated Trait,
New'Tork. or. 14. Evaporated Ap-!es-Nomlnal.
.
Prunes Klrm: Califoniiaj, 4817e;
Oregons, 44rle.
Apricots Firm: ehoic. SlffMc; extra
hoH-e. 23c: fancy, Z7c
Peaches Steady; standard, 11c; choice,
liell4c: fancy, I41i',c
Raisins More active; Icose Muscatels.
1S41SSc: cho'ce fancy seeded, U
UtfT. tnllsa, il8S;.r
! J
4274
39 74
12
26
52 r
34
24
13
13
,6674
!8
.3114
' 8 6 74
3274
23
43 74
40
12
2474
S674
24
18
13 74
14
6674
27
3074
37
3374
24 H
Ana.-Cop.. Mm... ,43 4 2 74 ,
Am, Smlt. & Rfg.:40 39 ,
Chile, Con. Co 12'4 Hit
Chlno ' Copper Co. 2 6 74 . 26
Cal ' A , Ariz , 52. 52. ,.
Insplr. Cons, Cop.. 16 '86
trannAcnl. Con.... S44&' 24
Miami Cop. Co..;.. 24 23' 88
Nev. Oona. Cop... .13 74 is..
Ray Cons. Cop .-1.4 13
Utah .Copper o..;. 66 .55
, INDUSTRIALS,
Am.5 Beet Suirar.. S6. 2S-'.
,At., O. A . W..... 3274 " 31
Am. In.- oro...... 37 .36 ,
Am Sum Tob qo.. 35 3274
im fnt Oil Ca... 24 23
Am.Tel A Tel ...111 111 111 1U74
Am Aa- Ch Pro.. 3374 . S174 31i i
Bosch Magneto
Con'tal Cart 4if
Amto-lran Ca'i Co 81
Chandler Mot Car 47
Central Lthr Co. . 3274
Cuba Cane 8ug Co; 774
Cal Pkg Corp. .... 7174
Corn Pdcta Rfg Cd 49 74
Nat Euam. Stamp 39
Famous, Players ...64
Fista.Rubber Co .'11
hUectric Co. 13474 133
Ot Northorn Ore.. 3274 , 32
Gen Motors Co . ,, 11 . 1174
Goodrich- Co , i.- 33 3174
Intermit Harvester 79 . , 7674
Am Hide, Lthr pfd 63 74
ir s lnd Alcohol Co 45
Internat Nickel ;. 13
Interaat Paper Qo, 6674
Island Oil ...,' 3
Ajax Rubber Co. .-.1974
Kellv-lSpr'gfId Tiro 4174
Keystone- Tire. KUB 1(K
Int. M. M. ptd..,
Mex. Petroleum .
' Middle- States Oil
Pure CM Co. -
Wiilvs-Ovrrland 6V4
Pacific Oil ........ 46
Pan-Am. Pet., .... 62
Pierce-Arrow. ...... 14
Royal Dutch-Co... 61
II. S. Rubber ..... 4974
Am: Sua;. Rfg.... , 56
Slnclsti- Oil ...... 24
Sars-Boebuc,k ... 6674.
Strom her g' Carb, .-31
Studebaker 74
Tob. Prod. Co. .... 6074
TranS-Cont. Oil ,.
Texas Co. ' 47
IT. S. Food Pr. ., 11
White Motor Co...
Wilson Co. 31 2774 :8
Wesfhse Arbrk -. SI--. 90 91
Wn.tprn T'nlon ... 4 7 74 8 7 74 . 8 74
Westinchouse Elec 47 46 4674
Amer. Woolen Co. ..
Total sales. to.iow. "
Money Close, 4 per cent.
Marks Close. . ,0040c; Saturday cloiej,
.0 0 3 6 74c.
Sterling Close, 13.9 5 74! Saturday
close, $3.44.
, wl"ork Curb Stocks. ,
Tho follovfing qnotatlons are furnished
by Logan Bryan:
Allied Oil 1
Boston Wyoming .89 49 11
Consolidated Copper ...-v..... 1 1
Elk Basin ' t
Federal Oil , IHt-
Men-it Oil H0 11
Sapulpa Oil 4 4 4
Simms Petroleum '
Tonopah Divide 68 79
Tonnpah KxtensiOS 15 ft 26
V. S. Steamship IS- 4 IS
Chicago Stocks.
The following qootations are furnished
by Losan A Bryan: - -
Armour Co., pfd S34j
Commonwealth Edison Co. ........Ill
Cadshy Packing Cow. common. ..... S!
Continental Motors t
l.lbby. McNeil Lihby 7
Montgomery Ward Co. 17
National Leather .................. 2r4
Swift S Co. 1SS
Swtft International 21
Inma Carbida St Caxboa Co, ...... 4
Chicago Grain
By CHARLES D. MICHAELS
(hlrag. THbsn-Oaah He Ls4 Win.
Chicago, . Nov. 14. Wheat made a
strong start and weak finish, heavy
profit-taking developing after an ad
vance of lc on local buying early
The close was within a fraction of
the low point with net-losnrs of 3)i
GiJHe, tlie latter on May. torn
showed more activity and advanced
early only to ease olf with wheat and
finished 'idihc lower with May
leading, while oats were He and rye
ly4S2c lower.
Local sentiment was rather bullish
early, the continued dry weather in
the southwest and a bulge of 7.d in
Liverpool at the opening being
far-tors. December advanced to
$I.10' and May to $!.14;. showing
I074itl2id over the low of Novem
ber 4.
,' - Deolla. la Rapid. I
Many of tha pit ,lment went long on
lb! advance, but around 11.14 for May
heavy selling developed, hvaded by
bouses that wera tha largest buyers ol
last week, and while the market held
well for a while tha support waa mainly
of a local rbaracter, and when lha early
buy ere tried to nil out the decline tie.
ram very rapid, Tha foreign news r.
versed Itself after the opening and Liver
pool closed umhsnged to 4d lower, and
there waa soma soiling of (uturei here
credited to foreign account, advantage
being taken of lha bulge In urder lo rea
lise on recent purchases.
There wero reports of offers to resell
hard winters abroad at low figures, but
this turned out to be fnr New York ra
ther than foreign account, tha report that
tho Spanish government had definitely
ruled against accepting wheat shipped
after November 7 being a factor.
Export Demand Light,
Private rabies Indicated that European
buyer! wera refusing to follow the ad
vance In futures and export demand was
rather light, although after the . close
400,000 to 600,000 bushels Manitoba! were
reported es !old. including a cargo from
Vancouver to the United Kingdom. Mill
ing demand generally wai light with
sales hero of 10,000 bushels. Receipts,
6 care.
Movement both sides of th! Interna
tional line waa small.
A decrease of 1.113.009 bushels In the
visible supply compared with an Increase
of 1,966,000 bushels last year, failed to
have any effect on tha market. Argen
tine exportable surplus, including tho new
and old crop, waa privately estimated at
157.000,000 bushels, against the trad
gueaa of 90,000,000 bushels last year.
i Corn Eases At Cloie.
Removal of hedge! on aalea of 570,000
bushel! corn to the seaboard exporter!
carried December corn up to 47 o in tho
earlv trad Ins. Cash Interests were tns
lesdina- buyers and found offerings small
but later some of the local -professionals
who bought last week started to take
proflta and with the weakness in corn
the market eased off elowly and closed
within 74 ft Tie of the bottom. Domestlo
demand showed Improvement. Shipping
sales were only 33.000 bushels, country
offerings to arrive continued light.
Oats were altecteu oy tne action or
corn A local professional was a goon
buyer of Msy at 38c, but when otner
grains eased off. osls followed and tha
finish ws around the bottom. Shipping
sales were 75.000 bushels with receipts
104 cars. Country offerings light.
A. cargo of 188.000 bushels number 2
rye arrived at Chicago today from Du
luth and will unload at a public eleva
tor. Salei . of 175.000 bushels were made
to go to etore. Duluth iold futures ra
ther freely, while the buying was mainly
on scale orders for seaboard account..
Receipts, 23 cars.
Tit Note.
Komnner was credited with selling
1.000,000 bushels May corn. Sawera grain
Ia1, .hnlll half this AiriOUnt.
Leland and company were oreaiieo. v. mi
having a big buying order for May oats
around 38c. Soma brokers thought
wan Joe Schreiner.
Kansas City wired Thomson Mciunnoni
"Our wheat market, is strong toaay on
light, receipts and failure to get rain In
southwest. Country. advices indicate very
light receipts." ' ' ' '
The drouth area In the west and south
west did not get much relief in tho way
of precipitation over Sunday. At a few
Kansas points there was moderate rain
fall, but nothing of consequence. Reports
are still generally pessimistic
' Liverpool wai d higher for wheat
barly, but 74 Id lower for corn.
Shippers reported a good inquiry for
corn and there wero Indications that con
siderable business would materalize. Offer
ings from the country were moderate. Sev
eral shipping houses had requests for of
fers ot substantial quantities of corn for
export. At present prices corn is stilt
the cheapest food grain tnere is, anu soma
interests look for a good volume of busi
ness in corn for shipment abroad,
laverpool reported a good aemana xor
corn for spot and offers of Plate corn
were 'reported ecarce.
Lake shipments over the week end In
cluded 450,000 oats In Buffalo and 72,
000 bushels corn to Kingston, t
Tho department of agriculture ot Wash
ington has made up a table showing tn
what prices for corn it la profitable to
use this cereal for fuel. For instance
with corn at 25 cents a bushel on the
farms It la profitable to burn It for fuel,
when coal Is 413 a ton. Corn at 32c a
bushel is cheaper to burn than coal at
$18. per ton.
'Foreign Exchange Bates.'
Following are today's rates of exchange
as compared with the par valuation.
Furnished by the Peters National bank:
i"ar valuation
Omaha Grain
November 14, 1921.
Grain' arrivals today continued
light, with receipts totaling 61 cars.
Wheat prices were uuchanged to lc
olf. Corn was unchanged to jc up.
Oats were about unchanged. Rye
was cay and barley about un
changed. The market was quiet and
without particular feature.
Com dually sold at prices rang
ing unchanged to lc higher. White
was "jc up, yclllow unchanged and
mixed 'attic up.
WfiKAl
No. J hard: 1 rar. ll.OS; t car, 11.01;
car! (velluw). $1.01.
No. S hard: i car. It. Oil 1 rar, $1.06;
t can tamulty), 41.40; I ears (yellow;,
II 09.
No. S herd: t rar (dark, smutty), 41.09;
! car (daik, aiuuliyl, 41.04; 1 rar (smut
ty), $l.0; car (11 per rent dark, amut
t. $1.04; t cars (smutty). $1.09; cars
(llow), S9c; l car (yellow), 4o; 1 car
(smutty), $i'.
No. 4 hard! t car (7T per cent dark,
smutty), $1.01; 1 car (smutty), 97a
No, 5 hard: 1 car (yellow, inimty), lie.
No. S mixed: 1 rar (durum), 7o; 1 ckr
(durum, smutty), 77c.
CORN.
No. 1 whits: 1 car, 48e; 1 car. $774",.
No. 1 yellow: 1 cars, 89c; 1 car (.tip
pers' welgliisi, 19c,
No. I ycllnwi 8 cars. Sc.
No.'l mixed: 1 car, 37 Tso; 1 car, lTp,
No, S inlsed: 1 car, 87 c; 1 car, 17c.
No. 4 inlsed: I rar (near while), 170.
J.j. S mixed:' t-t rar, Slo.
' Mtimpla mixed! 1 car (shipper!' wtlghta)
Itc; 8-5 car (mahogany), JJu - I
OATS.
- No. 1 while: t rar (31 lbs., old), 2174c;
1 car, 28 o; 8 cars. II c,
Omaha Produce
furnished by Stat of Nebraska, de.
penmen! of agriculture, puieau of mar
kets and uiirkating!
UV1 I'OVLTnt.
Wholesale
Buying Pr,
nrsllers 0.u40!!
for
Snrini!
Mens, light ...
Hens, heavy...
Cocks
Duk!
tleeaa
Turkey!, heavy
.I7W
.15 tr
.20J
,!
I7W
,.utr
IS
.14
.il
,11
,:t
,i
3J
Droller!
Springs
liens ,,
Cocks ,.
Ducks .,
Uses .,
Turkeys,
DltKHlitD I'OULTKT.
Whnle.ate
lulling Pr.
$0 ::el.:4
.itu :
.14
.1! U
,u v
.20
.10 V
.15f
.10 fl
.16(1
,41V
.6549
,48y
.a:t
.law
.ISO
.459 ...
'.43M .44
.a .34
.:() .10
No.
No.
No.
No.
as
63-4
1074..
53
41
1374
54
3
1974
. 40 74,
""
61 .50 74
,nr 112
14, 14
36.. .a 74
6
444'
49
13 ,
49 74
.48 ,
62:
2374 .
66
28.
,73
8
45
11
27.
90
8 7 74.
41 4174
80 30
4171 ' 6 74
SO ! 3174
7"-7
70"" 70
87 ' 8 ;
39 -'
6 3.
10"
. 133'
3 2 74.
1174
314
7674.
63
41
13
" 5li
' 3
19
- 40
' 9
60
113
14
36 ,
. 6
44
50 .
13
60
..48
. 63
.23
66 '
29
73
59
8
46
11
33;
31
46
3074
"ii'i
88.
39
64
11 .
134'i
32
1174
32
7774
"44
13
65 s
3
10
61
114
14
36
674
46
6174
49
49
5574
24
66
73
6074
9
4674
37
31
87
47
7874
Austria
Belgium
Canada
Czecho-Slovakla
Denmark
England ........
France
Germany
Oreece ........
Italy
Jugo-Slavla ...
Norway
Poland ........
Sweden-
Switzerland ....
. .30
.. ' .195
.. 1.00
'.zr
. 4.86 '
.. .193
..'. .238
.. .195
.. .195
'.ii'
"27
,. .195
Today
.0006
.0701
.9175
.0111
.1855
.3.95
.0727
.0042
.0423
.0415
.0039
.1463
.0004
,2310
.1895
- ., New York Dry Goods. . '
New York, Nov, 14. Cotton goods Were
generally, quiet today and gray' goods
somewhat easier and yarns continuing to
show a softening tendency. Raw- silk
was firmer and higher. The strike of
garment workers has increased the quiet
in dress goods and cloaking lines. Men's
wear lines were quiet save for immediate
shipment on overcoatings and heavy
tweeds. -Burlaps were easier in conse
quence of news of large shipments from
ported talk of increasing their running
Calcutta In October. - Calcutta mills re
time to, five days a week.
- . , , New York Produce.
- New York, Nov. 14. Butter, firmer",
creamery, higher than extras, 4646c;
creamery, extras, 454574c; creamery
firsts, 37 44o.
Egg! Firm; fresh gathered extra
firsts, 367c; do firsts, 6662C.
Sheese Steadier; state, whole mint
flats fresh, specials, 21vt2274c: state,
whole milk twins, specials, 212 2 74c
Live Poultry Steady; chickens, 22
24c; fowls. 20026c: rosters. 17c; tur
keys, 30c. Dressed ateady. western chick
ens, 2643c; fowls, 18 35c; old roosters,
1722c; turkeys. 20 g 60c.
. ' Liberty Bond Prices,
New York, Nov. 14. Liberty bond! at
noons 3s, 95.20: first 4s, S4.70 bid; sec
ond 4s. 94.60: first 4s, 94.82; second
4 7. a. 94.72; third 4s. 96.36; fourth 4s.
94.76; Victory Js, SS.72; Victory 4s,
49.64.
Liberty bond closed ls. S5.14; first 4s.
94.60; second 4s. 94.60: first 4s, 94.50;
second 4 7, a, 94.62; third 4s. 96.30;
fourth 471, 94.64; Victory 874s, 99.80;
Victory 4s, 49.72.
, - ' ""
London Honey.
London, Nov. 14. Silver Bar, SSd
per ounce.
Money 1 per cent
Discount Rates Short bills, 8
cent; three month! bills, 8 15-1694
cent.
RTB.
1: 1 car (special billing), 71c.
4: 1 car, 45c.
BARLEY,
t: 1 car, 47c, -4:
1 car, 45c; 1 cars, 44c.
Rejected: 1 car, 42c.
CHICAGO CAR LOT HECKIPTS. '
Week Year
Today ' Ago . Ago
Wheat 19 12 11
Corn US 133 . 61
Oati 110 " 41 81
KANSAS CITY CAR LOT RKCBIPTS.
Week . Year
, Today Ago , Ago
Wheat 174 186 214
Corn 2113 6
Oata 4 15 12
ST. LOUIS CAR LOT RECEIPTS.
Week Year
, ' Today Ago Ago
Wheat 66 131 235
Corn ,.83 ' 64 66
Oat! 46 ,24 104
NORTHWESTERN CAR LOT RECEIPTS
OF WHEAT.
Week
. . Ago
Year
Ago
609
94
825
Today
Minneapolis 453
Duluth 192
Winnipeg .939
PRIMARY RECEIPTS AND SHIPMENTS.
Receipts . Today Year Ago
Wheat ..1,628,000 2,168,000
Corn 842.000 387,000
Oats 507,000 ' 722,000
Shipments-
Wheat 4
Corn
Oats
Wheat, ,
Corn .'
Holiday. .
OMAHA . RECEIPTS
.. 447.000
804,000
811,000
CLEARANCES.
Today
638,000
1,220,000
406,000
375,000
Year Ago
2,106,000
111,000
AND- SHIPMENTS.
Today.
Wheat 33
16
8
4
' i
12
19
3
Corn
Oata ......
Rye .. ..
Barley ....
Shipments
Wheat
Corn
Oats
Rye
Barley ....
CHICAGO CLOSING
Bv Cpdlke Grain Co. DO. 2427. Nov. 1.
Week Tear
Ago, Ago.
31 . 33
7 , 16
5 6
1 6
.. 7
36 102
25 12
15 14
7
11
PRICES.
Art. I Open; High. 1 Low, I Close. ( Sat.-
Wht. I I
Dec 1.08 1.10741 1.05 1.06! 1.04
1.08 -.t 1-06 1.09
May 1.18 1.14 741 1.0974 1.49 1.13
, 1.12 1 1.09 1.1374
Rv
Dec. .81 .82 I .79 .79 .817,
May .85 .86i .8374 .83 - .86
Corn I
Dec, .46 .47! .46 74 .40 .46
.47 1 46 .46
May .53 .53 .62 .52 .53
.53 I .52 . .5274
Oats I
Dec. .3274 ...33741 .3274 .32 .32:
.32.: 1.....
May , .37 - .38.74 ..37 .3774 .37
Pork
Jan. 13.50 14.00 , 13.60 13.60 11.00
14.00 1 14.00
Lard . -
Jan. 8.40 8.40 8.25 8.27 8.42
May 8.80 8.80 8.65 8.70 8.85
Ribs
Jan. 7.07 7.07 7.07. 7.07 7.22
May 7.47 7.47 7.47 7.47 - 7.60
heavy..
rna count, li. 40014.(4.
Salect ........... .5"tt ....
No, 1 44tS ,47
No, 1 I9 ,31
Cracks lots ,33
Storags, aeordlng
to grade .... .,
BUTTER.
Creamery, prints .......,;
Creamery, tub
Country, beat ..." .309 ,31
Country, common ".Hit .16
iiUTTKKr AT.
At station! 35
FRUITS '
OanaDai, lb., 1940. Oranges, size SIC,
larger, $7.0Ur7.J6; also S5, 6.trs.6n;
sue 28$, $5.000 6.00; sis 324. 84.00(96 00.
Lemons, box, 46.6097.00. Peni, l:lefer.
bos, 42.6O0S.OO. Grapes, Tokay, 4225;
Emperor, 61. 26. Orapefrult, crate, $4.40s
6.00. Apples, Jonathsn, box, extra fancy,
$1.2(91.60; fancy, $2.7(98.00; C grade,
$2 (0t'3.76. . DeJIclous, box, extra fancy,
(4.6006.00: fancy, box, 44. 00; O grads,
box.i 4j.6O94.OO. Roman Beauties, extra
fancy, box, $3.00; fancy, box, 83.7593.0U;
C grade, box. 83.8092.60. ortley, extra
fancy box, $4.00j fancy, box, 42.76; C
grade, box 13.60. Spits, extra fancy, box,
$1.2698.60; fancy, pox, $3.0098.15; C
grade. $2.60T9.7(. Crsnberrles, bbl.,
814.(0914.60; box, $8.(099.60. Figs, 24
pkgs., 4-ox., $1 96; 18 pkgs., 10-os., (1.50;
66-ox, pkg!,.. $3.2691.76.
' VEGETABLES.
Potatoes, Nebraska Early Ohlos, No. 1,
per owt.. (1.00; Nebraska Early Ohlos. No.
1, per cwt, $1.76; Red River Ohlos. No. 1,
per cwt, $1.0098.15. Sweet potatoes, bu,
(1.2591.60; bbl., $4.lf)5.76. Celery,
JUmbo. $1.6091.751 Michigan, doi., 609
66c. Head lettuce, crate, 84.6095.00;
leaf lettuce, doa., 35946c.' . Rod Globe
onions, lb., 6 60; yellow onions, lb., 6tP
7c 1 6paniah onions, crate, 32.2693.50.
Cabbage, lb., i 74 93a. Cucumbers, dot.,
$1.6091.75. Cauliflower, orate. $2.00. To
matoes, lug... $8.0093.66. Radishes, do.,
26c Rutabagas, lb., 2c Squash. Hub
bsrd, lb., lc Turnips, lb., 292c Csr
rots, lb., 292o. Egg plant, crate. (2.50.
Garlic lb., 25c '
NUTS.
Walnuts, black, per lb., 89. English,
per lb., 32933a Breiil, washed, per lu ,
18o; medium, per lb., 16c - Pecana, No.
1, per lb., 18o; Monarch, per lb., S6cj ex
tra large, per lb., 28c Filberts, Sicily,
per lb., 14. Barcelona, per lb., 16o. Pea
nut! No. 1. per lb., lOo; Jumbo, raw,
per lb.. 916c Almonds, Drake, per lb.,
17o; IXL.. per lb., 37c
HIDES AND WOOL.
Beef Hides Green, lalted. No. 1, late
take off, per lb., 8c; No. 2, late take
off, per lb., 697c; Green. No, 1. late take
off. 496c; No. 2. late take off, per lb.,
35c; green salted, old stock, per lb.,
35c; green salted bull hides, per lb.,
3c; green bull hides, per lb., 2c.
horse Hides Large, each, $2.5093.00;
medium, each, $2.00: small, each, $1.50.
Pony and Glues Each. 76c$1.60.
Sheep Pelts Green salted, aa to size
and wool, rich, 15 90c.
Shearlings Green aalted, as to size and
wool, each, 5920c.
Fut The season has lust apeaed
lure end they are brlnsnig goo price.
Wool Choirs tint and tl"t, pel
lb., lt(iri choice medium sj4 blaad.
per lb., HSfiici thou low W kloed,
p.r la., lutfilii.
Prairie. No. I upland (11 4691: 481 No
( upland, ($.00910 (4; No. 8 upland. $144
fjS :.Na, 1 MHdiaad, liuttii mi Na
1 midssnil. $i 609ie.es; No. 4 midland.
S7.00tf4.osr No. 1 low and. II !!
No. 3 low lend. St.OOtjioos alfalfa caetee.
liT.Bas it ee: Ns. t. lis.vsoisee: etn
era. Il J 04414 OS; No, 8. I9.II9IS
00. 1, i.suus.eu. 1
Oat ana iv. SJ.eogs is
Wheat sua. I1.044.4,
Whoir.ni prices of beef ruts are as
follows: No, f rlba, 20cj No, 3, le;
No. ,s, 13c: slo I loins, il c; No. 8.
li'V'i No. 1, niij No. I rounds, lt;
No. z, lac: No.'). 10 e: No. 1 rnu.se.
lOUet No. 1 chucks. 4c: No. t. 8e; No.
S. 7o; No. I plates, 7 7o; No. 3, to;
NO. I, $;.
I New Vork Cation.
( h leu go TeJhuBe-Omaha lies leased W Ire,
New York,' Nov, 14. Active buying re
sulted lu a -sharp advance la today's
cotton markot- and pncee of futeree were
up 74 to 9a poinia la lu forenoon trad
ing, but a last hour reactionary move
ment brought prices down shout 66 point!
fioni the top and the market closed 30
to 40 points net better than at Katur
Heavy profit taking rrom shorts com
blued with renewed buying for trsde ac
count reversed the trend of the market
from that of Inst week,
' The market dlaplsyeii a strong and ex
cited undertone' during the first cocple
of hours 4f business, December being
boosted up to 17.10a for a gain of nearly
85 a bale, or lo a pound over the ore.
reding close. The market waa under the
Influence to some extent of rumored lew
urn estimate.
The market slipped err 15 to 34 point!
from Its hiali toward the middle of the
day reflecting a little "long" selling and
perhaps some 'hew pressure on the psrt
of speculative bears. The tone wss strong,
however, ami offerings wera resdlly al-
aorbed. A good grad of buying power
wss In evidence during the. early part of
the afternoon.
Tha stsrt of the last hour saw the
markot strong nnd about (0 to 90 point!
better than Satin-day's close but resell
ing by the same Interests that bought ac
tively early 'In the aeasion cauaed the
reaction, .
New- lork Produce.
New York. Nov. 14. Flour Dull:
spring patents: $6 7697.25; spring clears.
4.7695.60; soft winter straights. $5.6914
00; hard winter straighta. $6.6097.04.
Corn Meal Dull; fin white and yellow
granulated, $1.6691.65.
lJui kwIieat Barely steady; ' milling,
41.S0iil.65 por 100 pounds,
Whont Spot easy; No. S red, $1.17;
No. 2 hard, $1.14: No. 1 Manitoba, $1.15
and No. 2 mixed durum, $1.01 c. L f.
track New York to arrive.
Corn Spot easy; No. 3 yellow, 6574c;
No. 2 white, 66 o and No. 1 mixed, 65a
0. I. f. New York lake and rail.
Oats Spot steady; No. 1 wblte, 449
44 e.
Hay Easy; No. 1. $26.000128.40: No. 1,
$24.00926.00;. No. 3, $22.00924.00; ship
ping, $20.00922.00. -
Hops Qolot; stats, 1921, 29913?; 1920,
2326o; paolfio coast, . 1921, 39933c;
1920, 24926c -
Pork Barely stesdy: mess, 128.009
25.25; family. 1 $30.001)88.00.
Lard Weak: middle west, $9.3699.45.
Tallow Barely .steady; special loose,
6c.
Rlce Steady; fancy head. 87c,
Chicago Potatoes.
Chicago, Nov. . 14. Potatoes Steady,
receipts, 109 cars; total U. S. shipments,
643 cars: Wisconsin round white bulk,
S1.R52.00 cwt.; sacked, 41.7693.00:
Michigan and Minnesota white sacked,
$1.701.90 cwt; Minnesota and North
Dakota Red River Ohioa. $1.67)91.65 cwt;
Dakota, $1.C01.75 cwt; Idaho russets.
$2.262.46 cwt.
Capital Sought
In Development
Of Water Power
Ue of HydroEIfftric Energy
-In New EugUnd to Be Stim
ultted by Survey Author
lECtl by. CongreM.
By HOLLAND.
One of the light and power com
paniei ,oi . Ntw England it now in
the rooiify market seeking a loan of
$4,000,000, to be represented by cumu
lative 8 per rent preferred stock. This
corporation is capitalized in common
and preferred stock (or nearly JIi
XXVWO. - Yet tew yean ago me
nroortv now represented by this
capitalization was latent, undeveloped.
It was tne energy v. men wai 111 ont
of the rivers of Connecticut and
which had flowed uncaptured from
prehistoric times to 'the sea. Capital
and tourage, however, combined to
utilize this power and it is now in
material and visible form by. means
of hydro-electric plants and by near
ly a 100 miles of high tension trans-
nii5ion lines by means of which
power ' and light are furnished to
large industrial communities in
western Connecticut.
' In 4he far south hydro-electric energy
has'been made available for operailng
many factories and trolley lines although
br reason of (he continued drouth of the
past summer Ihe rfvere have run low eo
that It haa been necessary 10 obtain the
electric energy by ateam power. These
two Illustration! are well worth consider
ing lo view of Ihe remarkable study of the
so-railed super-power possibilities along ths
eastern coast ana lor some alliance in
land
There wilt be, ot courss, recollection of
the recommendation which was mads by
John C, Calhoun when he wss secretary
of war. In the administration of Presi
dent Monroe. Today, a 100 years after
Calhoun) recommended the construction
of an interior coast line waterway etretch
lng from Boston ss far south as South
Carolina, the project le revived and to
some extent principally at Cape Cod and
In New Jersey has been completed. It
li along the line recommended by Cal
houn where -now the government of the
United State! ii preparing to establish
a superpower system. When Calhoun
wrote and spoke commercial electric ener
gy was unknown. It wsi 10 years Istsr
that Farraday dlscovsred the mystic law
which 10 years later made possible the
construction of the first dynamo and
ths oreaent day construction ot itupen-
dou! power producing dynamo mechsnlsm.
Therefore Calhoun wss compelled to rely
uoon an Interior coast line artificial wa
terway, not only for protection but for
coaetwlde commerce. We had little or
no. manufacturing at that' time. New
England was just beginning to develop
the cotton manufacturing Industry. The
wonderful expansion of Industry and man
ufacture In New England, In esatarn New
York and Pennsylvania, New Jereey end
Maryland, did not begin until about the
time of our Civil war.
The Superpower Surrey.
The Investigation by the United States
authorities which was suthortzed with sn
appropriation by congress will undoubted
ly stimulate the development of new and
well concentrated power throughout this
4l.lrl.-l aaeetrfclnf from rVajt.di SS fr
eeuih ae Wekinion. 7 hat a tew kidiu.
.!..,( nbisuin m 8w tnglanel and
in New tarsi stale have ee.wuiliaae4 tec
aiehee se assinple ulllri.nl. t Justify aa
uaderteaieg atunky advaaisae msy be
iskea et the waier poaeie ea aa le eou
realrata lata leige gaiella pleats
sslesna power sudl-leal 'e tele the
IndMiitra. the raiiroa-le, Ike leoli.y lln.s
and to furnish light alt alaae- this C0..1
4iairi- eatsodiag perhaps l tsiisa lute
the Interior. If thie 4 deae there ail!
be a saving la the real Bow eaisiled lit
(he predoedea ef '. A lepacl Is
msda to Prseideat Harding that Ihe pro),
act If rarrie.1 out will eliminate wa.ie
and If It had been In ape's lion te )
so It would hsve made possible the
ssvlng at 81. 444 404 ten! of rosl and by
191! will aave S0.444.4sa laa besides fur.
alektet at lew rost and from one gisat
distributing vlaat the energy which le
needed for epersilnr ISduatrlea wblth aa
Ihe whose ara greater thea tbaea la e
seotlea e tha limted Sltetee. It Is h
Ibis ead some of Ike enginsere regard
II ss prabeble that (he demoneiretlaai re.
senily made at PIKafteld. Mass, of the
predootlnn of the eqelvelent of a mil
lion In eleclrie voll.se ead (he probability
(bat tall may make p-ailble, very Ion
distance treiumlastoa at electric energy,
la associated with Ibe demonstration of
the prseliceblllty and economy of the pro.
pos4 superpower eretere and the ran.en
Irsllon SS'o a smile plant of the ensrsy
which Is needed fur Uli distribution.
Asssther Mantlet.
In one f the film productions In this
elty. a representstlon, vf Hamlet by a
Swedish aclress who has samed, high rs.
pute upon Ihe apeaklsg stsgs. I! made,
she appearing as Hamlet. The film l
a eur.eea but II 1 let Ihe Hamlet et
Shakespeare ee commonly undrtood. but
In. lead ihe llsmlet of Or. Edward Tar
son Vlnlng, Jt may sens lo remind (he
auhllo of the Interest which was oc a
Mined by the publication of Dr. Vlnlng'a
bonk In which tlamlet sl really a wom
an. That work led to the epp-rsnre of
Sarah Bernhardt as llaml't and that lha
wai lndbls. to Ilia book' for thla en.
l-avor she acknolrdg. In a letter which
she wrote in lr. Vtiilng and .which la
preserved by hli family.
Dr. Vlnlng ai a aluil'nt arid expositor
of Hhake.p-sre Is sure to be.reinemhere-l
long after his achievements as a. railroad
operator ara forgotten. Tet he wae one
of the most luucvi'lul f railroad wvers
ton of bli time and wai saeonated with
many railroad.. la waa alwayi esleemed
fully competent 1a any' other
Irafflo maosger.. '8mii even thought
him the ablest. In his railroad vo.
,.iinn ha. was Intensively absorbed.
Then ha turned as opportunity off-red to
the library end to nil room wn-rw
be-ime a K holar. Tt seemed almost ss
though he hsd two kinds of Intellect, one
(hat of a great eiecruive and (he other
that of a msatsrly student of literature
and of Hebrew and ef Greek, aamunu
Clarence Stedman In his business hours
.w . ssaresslve and tndus-
trloua upon the floor of the New .ork
Stock Exchange as any' Other member.
Not as a poet and a Critic wsi Stedmsn
thought of there. But, In the evening
fnr.ot tne exenange. .anu n. of-vuiov
ih rrlim exceed Ins well.
resiiect eiteaman ana.' vr. vunns
like character excepting that Mnlng was
one of the ablest rsllrosd executive! of
his tlm" and he wai alio ona of the most
profound of the students of Shakespeare
and of the Hebrew and ot the Greek
tongues. - ' '
- Turpentine and RosUi.
8avannsh. Ga., Nov., 14 Turpentine---
Firm; 7297274c; sales, 235 barrels; re
ceipts. 454 bsrrrls: shipmits, 273 barrels;
itock, 10.616 barred.
Rosin Firm; Sales, 868 casks; receipts.
2.046 cask,; shipment!, Ill casks; stock.
90.279 cisks. . . .-
Quote: u. D, E. r. o, H, 1. t.i6; k.
$4.70; M, $5.10;. N. 5.0; WO, $5.40;
WW, $5.60. - '
Chicago Produce.
Chicago, Nov. 14. Butter Higher;
creamery extras, 44c. nrsts, 34 74 V43C;
seconds, 34936c; standard, 3874c
Egga Unchanged; receipts, 6,598 cases;
firsts. 63965c; ordinary firsts, 43947c;
miscellaneous, 60962c;. refrigerator ex
tras, 1474c; refrigerator firsts, 3374c
Poultry Alive, higher: fowls, itttziuc:
springs, 19c; turkeys, 86c: roosters, 16c.
he
tha
In that
(1.18;
r Minneapolis Grain.
Minneapolis, Minn., Nov.. 14. Flour
Unchanged to lOo higher; in car load lots,
family patents quoted at $7.2697.40 per
Dot. in 9S-it. cotton sacks.
Bran $14.00.
Wheat Receipts, 463 cars, compared
with 609 cars . a year ago. Cash No. 1
northern, $1.211.26;, . December,
May, $1.16 74.
Corn No. 3 yellow, 4041c.
Oats No. 3 white, 28 74 92974c.
Barley 36 54c.
Rye No. 2, 72 74 973 c.
Flax No. 1, $1.801.88. '
Visible Grain Supply.
New York. Nov. 14. Tho visible supply
of American grain shows the following
Changes:
Wheat decreased 1,113,000 bushels.
Corn decreased 186.000 bushels.
Oats decreased 1,277,000 bushels.
Rye Increased 441,000 bushels.
Barley lnoreased 304,000 bushels.
v St. Louis Grata.
St Louis. Nov. 14. Wheat December,
$1.03 74: May. $1.0874. :
Corn December. 444c asked; May,
50c asked.
Oats December, 33o bid; May, 3774c
asked.
per
per
Kansas City Grain.
Kansas City. Nov. 14. Wheat, Decem
ber, 9774c; May, 11.S2. ;
Corn December, 3Se; May, 44c.
New York Sugar.
New York. Nov. 14. The raw sugar
market was quiet and unchanged at $4.06
4.H lor centrifugal, with no sales re
ported. '
Kaw sugar futures closed i to 6 points
net higher. December close, $2.42; March,
$2.31; May, $2.39, and July. 42.48.
Kansas City Produrc.
Kansas City. Mo.. Nov. 14. Butter-
Unchanged; creamery, 45c; packing. 24c
Eggs Unchanged; firsts, 60c; seconds,
30c.
Poultry Unchanged; hens, 15921c;
springs, 18 9 23c; turkeys, 25c. .
t
Kansas City Hay.
Kansas City, Nov. 14. Hay Choice
alfalfa, $21.50 23.00 ; No. 1 prairie. $12.00
13.00; No. 1 timothy. 813.60914.60;
clover, mixed, light, 313.60913.60.
Linseed OH.
Duluth. Nov. 14. Linseed On track,
$1.867491.884; arrive. 11.8674..
WrMFtt Off FREE lOOKSOa
MUNN 8s. CO.
Tower oDdlng, CHICAGO. ILL.
425 F St.. WASHINGTON,
woohrorrll Bmldinc,
KobartBlde. JS2 Market StSAR FRAN
.NEW ioitK
CI5CO.CA1.
An Income of $60 a Month
can be had today from an investment 'of
$9,000.00. Next month such an income
may not bo available. We offer 6 To
Municipals, 8 Industrials. Ask us today
about them.
BuiBiUNKER & Company
trvCOLW OVTTCW
KOTtrw4U. Bitlft
5. W. Corn er tf DoufU
y sr a a a ss. ew it
u.-uAnA(noas
r Investment
$50,000,000
- -New York Telephone Company
Refunding Mortgage Twenty- Year 6 Gold Bonds, Series A
Date d October i, 1921
.Due October 1, 191
InWest payable April 1 and October I in New York City
Coupon Bonds in denominations of 11,000, IS00 and ttQQ, registerabU at to principal. Registered Bonds in denonti'
notions 0 tl.OOO, tS,000 and $10,000. Coupon Bonds and registered Bonds,
and the several denominations, interchangeable. ,,
'.--'...'''.''."' - . .
Redeemable, at the option of the Company, in whole but not in part, on October 1, 1931, or on any interest date
thereafter, upon 60 days' notice, at 105 and accrued interest.
BANKERS TRUST COMPANY, NEW YORK, TRUSTEE.
nit;:
Following is a summary of the letter of H. F. Thurber, Esq, President of the Company, stating the particulars
in regard lo the issue: '-' , , '.
The New York Telephone Company operates the only comprehensive telephone system throughout the
State of New York .including New York City) and ht the northern part of New Jersey.
The present value, of the Hew York Telephone Company's physical property, which is the value used for - ,"
rare, making purposes, is largely in excess of the cost of that property as carried on the books. On September
30, 1921, the book cost of the Company's assets, valuing securities of subsidiary companies at conservative figures, . -amounted
to over $408,000,000, whereas the total bonded debt, including the present issue, aggregates less than
$142,000,000. During the last ten years, $$3,795,000 from revenues has been reinvested in physical property or
in Bell system securities. " '
- For the last twelve years the net earnings of the New York Telephone Company have averaged over four and
one-half times its interest charges. Inasmuch as the proceeds of this issue of Bonds are to be used for future .
additions to property, net earnings should be materially increased.
. , The Company has paid uninterrupted dividends at the rate of not less than 6 per annum since 1896, and for -the
past eleven years has paid dividends at the annual rote of 8. The Company's outstanding capital stock
of $166,000,000, which it is proposed to increastat an early date to approximately $216fiO0fiO0, is owned by the
American Telephone tt Telegraph Company.
The Bonds are tobe issued under a Refunding Mortgage dated October 1, 1921, covering all the real estate,
telephone plant and appurtenances of the Company in the Slate of New York, and also securities of a book value . ;
of about $100,000 ,000, including the controlling interest m stocks of the Bell Telephone companies operating 1
; in Pennsylvania, Maryland, Virginia and the District of Columbia. On this property the Bonds are subject to '
' indebtedness aggregating $67 ,416,515, of which $66M3J15 constitutes the Company's First end General Mortgage
, 4 Bond issue, due in 1939, which is being steadily reduced by sinking fund payments. The Refunding
Mortgage is to secure ratably with the bonds issuable thereunder including the Series A Bonds), the outstanding
$23,929,100 Thirty-Year Sinking Fund 6 Debenture Bonds due in 1949. Additional bonds may be issued under
restrictions set forth in the Mortgage.
The Refunding Mortgage provides for sinking fund payments to a Trustee at the rate of $250,000 quarterly,
beginning January 1, 1922, such payments to. be used in purchasing Series A Bonds, if obtainable at not ex
ceeding 102Yi and accrued interest. Any portion of any quarterly instalment which cannot be so applied is
to be credited on the nest ensuing instalment in reduction of the amount then payable. '
-v ' -' The issue of the Series A Bonds has been authorised by the New York State PubHc Service Commission. .-
THE ABOVE BONDS ARE OFFERED, SUBJECT TO ISSUE AS PUNNED, FOR SUBSCRIPTION
AT 97 AND INTEREST, TO YIEID OVER PER CENT,'
.Subscription books will be opened at the office of J. P. -Morgan & Cc, at 10 o'clock A.M., Tuesday t
, November 15, 192 1. The right is reserved to reject any and all applications, and also, in any case, to
award a smaller amount ' than- applied for. The amount due tn allotments will be payable at the office of
J. P. Morgan & Ct., in New Tor k funds, the date of payment to be specified in the notices of allotment, against.'
delivery of Temporary Bonds, exchangeable for Definitive Bonds when received from the Company; - " J
-. v .... ..: v.-:.,.-: -.: ' " ' .
., J. P. MORGAN & CO.' KVHN, LOEB & CO.
KIDDER, PEABODY & CO.
FIRST NATIONAL BANK, New York : NATIONeXL CITY COMPANY, New York
BANKERS TRUST COMPANY, New York GUARANTY COMPANY OF NEW YORK
HARRIS, FORBES & CO. LEE, HIGGINSON & CO.
