THE. BEE: OMAHA. WEDNESDAY, DECEMBER 7. 1921.
13
Plans Made for
Anollior Mprurpr
Of Steel Plants
Six or More Concern in New
York and Ohio to He Drought
Into One Great Cor
poration. . By HOLLAND.
In one of the addresses which wee
recently niado hy Charles M. Schwab,
he spoke in favor of industrial corn
bination directed by a single, very
able leader, which would permit
reasonable competition with other
organizations engaged in similar
manufacture and would also estab
lish healthful co-operation. Mr.
Schwab is thought to have had in
mind when he thus spoke- the con
templated merger of several inde
pendent steel corporations. For it is
presumed that he must have known
last summer that a plan of this kind
was then under consideration. Others
, had knowledge of it but their in
formation was confidentially impart
ed so that they could do no more
than hint at it.
n of the loading business and finan
cial authorities said In the autumn,
having; first Impoited confidence, that ,a
merger was under consideration Involv
ing several of the large independent In
dustries ami 1f It were completed would
be ot atmoHt Inestimable benefit to Amor-
nan business mid Industrial Ufa. But.
hp aald, this la nut iho only mentor
that la In contemplation for when IhK
iima la propitious an oarnest effort will
ne maue to merge into one large corpo
ration several of tho railway systems of
he United States. This la apart from
.ie recommendation that the country be
evlded Into zones In each of which tho
allways were to ba consolidated Into a.
jingle system.
Steel Merger Planned.
Thla man said mora recently that It la
now possible to aay that the merger to
wnicn ne rererreo. early in tne law would
nnng at least six, poasilily seven or
eight. Independent steel corporations In
to alnifle orxanlied body. It must
be therefore that all who have had the
plun tinder consideration have now pro
gressed ao far In their atudy of It that
aubatantlal and authoritative admission
has been made that a number of the
Independent ateel companies have been
considering a plan by means of which
they can reach' a satisfactory basis for
consolidation.
Various surmises have been made as
to the identity of tha independent steel
companies which If the plan be adopted
will be merged into a single great cor
poration. Almost all of these Indepen
dent steel companies have their chief
Plants m western New York and in
eastern Ohio. They are In the vicinity
of Pittsburgh Which will probably al
. ways remain the center of the chief
steel Industry of the United States al
though the time is not distant when
the Industry .at Birmingham, Ala., mny
rank a close second. There la tho Mid
Vale Steel and Ordnance company, the
Republic Iron and Hteel company, the
Lackawanna Steel company, the Youngs
town Hheet and Tube company, the Brier
Hill Steel company whose plant Is near
Youcgstown. the Inland Steel company
and the Steel 'and Tube Company of
America,
Co-Operatlon and Competition.
It Is tho surmise that Judge Gary,
who is chairman of the board of the
United States Steel corporation, does not
regard with disfavor or apprehension a
merger of thia kind. He has often said
for publication and oftener in private con-
. versauon inai lor economic reasons anu
for the best Interest of the industries
of the United States It would be well
if large "Independent Industries be brought,
as the United States Steel corporation
was brourht. Into a single corporation.
Of course It la recognized that a merger
of this kind will make It all the easier
to maintain reasonable competition with
the United States Steel corporation. But
reasoname competition is vjeiqome. u
tests the ability- and the capacity to
bring forth produots of . high quality at
relatively low cost. " It does not mean
that harmful antagonisms will be cre
atod, for upon matters , of general In
terest and pollcJe&.of national tmpor-.
tance it hi possible, to maintain com-
"Hon. That is the policy wmcn nas
made tha Clearing House association in
New York of great and honorable In
fluence, . although., the individual mem
bers of the Clearing House are engaged
today in more Vigorous competition for
business! than at any previous time.
The United States Steel corporation
has demonstrated that pot least among
the policies which enable the corpora
tion to produce steel and jron products
' at comparatively "low cost is the fact
that this corporation embodies a con
siderable number in the steel and Iron
Industry which were formerly operated
Independently. That undoubtedly is one
of the considerations which has stimu-
latea mose wno t-uimui
dent steel and Iron industries to take
careful an yet couragsous steps with the
view of bringing all of these : Indepen
dent Industries into one family.
Iarge ret 1 omparaiiveiy ouiau.
These Independent companies can pro
duce nearly -,800,000 tons of ateel a
vear. They are also as a whole the own
ers of rich and extensive ore, coke and
coal properties and limestone. They have
every facility In the way of raw material
for operating their plants. If the merger
is based upon the aggregate capital it
will represent S467.000.000. If It were
not for tho United States Steel corpora
tion, that figure would Justify listing
the merged company 'as the leader so
far as capital Is concerned In American
industries. Vet It is, comparatively
speaking, small when tha capital of the
United Steel corporation is cc-nsidered. In
fact, the capital' stock of the Steel
corporation, a little over $500,000,000, is
represented by common stock.
Tho underlying feature, however, of
this contemplated merger is the fact that
It represents the belief of- all the lead
ers In the American steel and iron in
dustry that Mr. Schwab was conserva
tive wheh he ventured to predict a few
davs -ago that the future of the steel
Industry in thr United States, provided
there ' be reasonable combination and
co-operation, is to be enormously pros
perous. This merger will make it pos
.ihi i avian to a considerable ex
tent In the export trade of which the
United States Steel corporation now pos
sesses the greater share.
The plan may be abandoned for rea-
,; J - nn, BltnHr. Kilt
'e Impression In the financial district
W that it is now well on the road to
'consummation and that the financing of it
will be handled easily with great skill
and without involving any watering of
securities. -
Hay Market,
Furnished by Omaha Hay Exchange,
December 1. 1921: w
Prairie Hay Receipts have been light
during past week; - demand fair; top
prices slightly lower.
Alfalfa Receipts light; demand good;
prices steady.
Straw Limited demand; prices un
changed. Upland Prairie No. 1. $11.50912.00;
No. !. JK.SO 10.60; No. 3, $7.603850.
Midland Prairie No, 1. $10.50U.OO;
No. . $3.5010.00; No. i, $7.005.C0.
Lowland Prairie No. 1, $8.00.00; No.
t, $".008.00.
Alfalfa Choice. '41g.H019.O4: No. 1.
J16.06 17.00: standard, SU.OOS?13.tO; No.
J SIO.OOS'IJ.00: No. 3. S.00S9.il.
Straw Oat, $S.OO6.00; wheat, $7.00
CS.00.. , '
ew lorK lorree.
New York. Dec. S. The market for
coffee - future opened at a, decline ot
t to IS points under scattering liquidation,
which was promoted by the eaeier ruling
of BrsxiL Offerings were comparatively
light, however, while the recent big buyers
of December gave the market some sup- .
port, buying both December and March
contracts at the early decline. March
rallied from :3104.4Sc and closed ltM
with the general market closing net un
changed to J points lower. Salee were
estimated at about J.00 baas. ' D0'"
er. ) 45c; Januarv. S.45c: March. S-40c;
Mav. a.aOc: Julv, S.3c; September. . 40c.
Spot Coffee Steady; Rio 7s, iMi,c;
Santos 4s. ll'jfrli'ac.
New York Wry (Joods.
New York.- Dec . Qinghama for next
fall were offered by one Urge agency to
day at advance of 1 cent over spring
value, buyers responding with substan
tial mill orders. Cotton goods were gen-
"Vally steadier, with trade still light.
'Tarns are belnjr revised downward. 8:1k
goods were quiet with raw ails: higher.
Burlaps were steadier and wool goods
ejuiet. - '
Kansas City Lin Stock.
Kan-a- Cltr. Dee. . (U. 3. Bureau of
1 Markets.) Cattle Receipts. .50 head;
market active, beef steers. li.Ove'.".
Hers Receipts. 70 head: nwk't
, et-sdy: clnwl 5i!ec h'(hr; top. It.!;
bulk of sa'es. $.5eV?.5Q.
Sheep and Urab Receipts.
Md; feeding lembs, 13.50.
TUn I Tfr.C 8EE w colors
1 il E. IJ! U Mh'0---IN THE SUNDAY DEC ,
DO YOUR XMAS SHOPPING EARLY
Drawn for The Bee by Sidney Smith
Copy right. I0?l rhirise Vihirne fepe
Bi3QBBQ p
Market, Financial and Industrial News of the Day
Live Stock
Receipts were
Official Monday..
Estimate Tuesday... i.700
Two dnya this week. 10,947
Same day last week.ll.Bs5
Same day 2 wk ago. 11,744
Same day 3 wk ago.21.4s
Samo day year ago. .16,12$
Omaha, Dec. $.
Cattle Hogs Sheep
7. 1147 3.423 7,325
4.'i 3.000
H.2U Wit
20.(1 1 5 2S.640
13.184 19675
12.464 14.864
17,02$ :o,4 10
Receipt and disposition of live stock
at the Union Stock Yards, Omaha. Neb.,
for 24 hours, ending at i p. in., Decem
ber $, 1921.
RECEIPTS CARS.
Cattle Hogs Sheep
Wabash R. R 4
Mo. Pac. Ry 4
Union Paclflo R. R. .. 31
C. & N. N. Ry., east.. 11
C. & N. W. Ry., west.. 37
C, St. P.. M. & O. Ry. 7
C, B. t Q. Ry., east... 14
C, B. & Q. Ry., west. :
C, R. 1. It P., cast.... 3
C, R. I. P., west.
Illinois Central Ry.
C, G. W.
Totals receipts .
17
34
.150
13
DISPOSITION HEAD.
Cattle Hogs Sheep
Armour & Co 261
Cudahy Packing Co.. 887
Morris Packing Co.. 331
Swift Co 644
J. V. Murphy
Swarta & Co
Lincoln Packing Co... 76
Wilson Packing Co.. 69
M. Glassburg 11
Higglns Packing Co.. 47
Hoffman Broe 67
Mayerowlch & Vail..' 33
Midwest Packing Co. 3
Ogdon Packing Co
Omaha Packing Co... 32
John Roth & Sans.... 27
So. Omaha Pack. Co. 46
P. O'Dea 18
Benton & Van Sant.. 134
J. H. Bulla 29
R. M. Burruss & Co.. 143
W. H. Cheek 15
E. Q. Christie & Son 72
Dennis & Francis .... 65
Ellis & Co 36
John Harvey ....... .1131
Huntzinger & Oliver. 17.
T. J. Inghram 6
Joel Lundgren 70
F. P. Lewis 47
Mo.-Kan. C. & C. Co. 8
T. B. Root & Co 76
Rosenstock- Bros; . 6lv
Sullivan Bros. ..'..'... a
W, B. Van Sant & Co. 176
Other buyers 1133
Total 4660
864
6S2
645
800
1773
484
726
143
6496
2345
No. Av. Sh.
68. .242 80
99. .169 110
71. .220
50. .228 70
Cattle Although cattle receipts were
moderate they were apparently more than
ample while the packing house strike is
on. Severa hundred cattle were carried
over from Monday - and local packers
were apparently no more anxietis for- lib--eral
supplies today than they were then.'
Bids and sales were generally around 25c
lower except on a few desirable handy
weight steers and heifera. Eastern ship
pers bought a' few desirable beef steers
and cows at about steady prices, but It
was a 25c lower deal on practically every
thing that went - to local packers. Busi
ness In stockers and feeders was rather
quiet, but prices generally held steady;
. Quotations on Cattle Good to choice
beeves, $7.408.25; fair to good beeves,
$6.267.25; common to fair beeves, $5.60
6.25; good to choice yearlings, 8.00
9.60; fair to good yearlings, $6.607.75;
common to fair yearlings, $5.506-50;
good to choice heifers. $5.506.25; fair
to good -heifers, $4.605.50; good to
choice cows, $4.50$p5.00; fair to good
cows, $3.754.00; common to fair cows,
$2.763.60; good to choice feeders, $6.75
6.25; fair to good feeders, $5.2 6 5.75 ;
common to fair feeders,$4.606.25; good
to choice stockers, I6.15jt6.75; fair to
good stockers. $6.606.10; common to fair
stockers, $4.7506.50; stock heifera, $3.75
5.00; stock cows, $3.00 3.76; Block
calves, $4.007.00; veal calves, $3.60
8.50; bulls, stags, etc., $2.756.00; good
to choice grass beeves, $5.766.60; fair
to good grass beeves, $5.005.60; com
mon to fair grass beeves. $4.605.00, '
BEKF STEERS.
No. Av. Pr. No. Av. Pr.
64 1123 6 25 53 1225 6 60
32 1099 6 75 18 1113 7 25
STEERS AX DHEIFERS.
14...... 870 6 50
BULLS.
.2..... . 905 4 00
STOCKERS AND FEEDERS.
13 790 5 25 . 6 676 C 25
14 814 : 6 00 ...
Hogs Receipts of hogs today were es
timated at 4,800 head. The market to
day was very slow opening and was gen
erally 1015c lower than yesterday.
Choice light weight hogs sold at $6.26
6.40 with a top of $6.60. Mixed loads
went at $6.006.25, packers at 15.60
6.00, with the heavier grades down to
$5.00. Bulk of sales was $5.756.40 and
top, 16.60.
HOGS.
Pr. No. Av. Sh. Pr.
6 05 71. .259 80 15
6 20 72. .205 .. 6 35
6 40 2..21i .. 46
6 60 79.. 193 40 60
Sheep Receipts of sheep and lambs to
day were estimated at 3,000 head. The
lamb market was very active, eastern
shippers being active bidders. Choice fat
lambs showed an increase of 25 60c, sell
ing at $9.7510.16. Fat lambs fair to
good sold at $9.269.75. Feeder lambs
were steady on light supply and were
quoted at $8.6H9.25. Light weight ewes
sold from $4.00 4.75 and the heavy
grades were steady at $3.003.60.
Quotations on Sheep Fat iambs, good
to choice. $9.7510.15: fat lambs, fair to
good, $9.269.75; feeder lambs, good to
choice, $R.609.00; feeder lambs, fair to
good. $7.6008.50: cull lambs, 5.256.2u;
fat vearlings. $5.507.0O; fat wethers,
$4.50iiii5.25: fat ewes, light, $4004.75;
fat ewes, heavy, $3.0003.50; feeder. ewes,
$2.7663.50; cull ewes, $1.002.50.
FAT LAMBS.
19 fed.. $3 10 15 717 fed.. TJ 10 00
93 fed.. 78 10 10 137 fed.. "S 10 15
Chicago Live Stock.
CMcago. Dec. 6. Cattle Receipts. 13.
000 head: market, nervous and erratic;
beef steers, mostly, 15c to 26c lower;
some sales on shipping account steady;
top yearlings. $11.00; choice 1. 522-pound
steers. $9.35: bulk beef steers, $6.508.76;
she stock and bulls, 15c to 25c lower;
calves, ateadr to 25c lower; stockers and
feeders, tseady.
Hogs Receipts. 37,000 head: mostly 15c
to 25c higher than yesterday's average,
with butchers closing 10c to 20c lower
than early: shippers bought about 23.000;
most packers bought sparingly: raot
smaller local houses out of msrket; hold
over, moderate: top. $7.25 on Kght lights;
$7.15 for ISO-pound average; bulk, $6.65
ft 7 00; pigs and light lights. 10c to 15c
higher: bulk desirable. $7.1097.25.
Sheep and Lam he Receipts, 11,009
head: market, generally strong to 26c
higher; fat lambs top. $11.05: bulk. $10.50
910.75: culls mostly, J7.606S.00; top
yearlings. $9.50: top fat ewes. $5.50; bulk.
$4.oe25: heavy. $1.76 6 400; comeback
feeder lambs; $9.50.
Sfcwx City- Ure Stock.
Siour City. la.. Dec . Cattle Re
ceipts. 1,500 head; market, killers, steady:
stockers, 16jic higher; fed atoers and
yearlings. $7.50011.00: grass steers not
quoted: warmed ups, $4 00tr7.00: fat cows
sna heifers, $4.atf7.0; canners, $5.00 ti
2.75; veals, $3.007.00; feeders, tteo
5.76; calves. $1.50 tr 00: feeding cows and
heifers. $2 6t04.5t; grass cows and heif
ers. $2,75 4 5.00.
Hog Receipts. i,00 head; market,
steady, lac higher; light and butchers,
$6 45j.; mixed. $.15fT45r heavy,
$5.7se.2: bulk of sales, !:?.
Sheep Receipts, 1.8V head; market,
steady.
Saatsaa CHy Bay.
aUaau City. io, .-rHay Unchanged.
Omaha Produce
Furnished by State of Nebraska, de
partment of agriculture, bureau of mar
kets and, marketing:
Live Poultry.
Wh'sale Wh'snle '
Buying belling
Price. Price.
Broilers 17 20 21 tl 25
Spring 17 8'H 1 lit 4f 19
Hens, light 14 6117 17 to 10
Heus, heavy la (i t I 20 4f S:l '
Cocks 10 Mia 12 4)13
Duck 18 18 16 20
Geese 12 J15 16 :o
Turkeys 20 25 25 if 30.
Dressed Poultry.
Broilers , 30
Springs 18 23 23
Hens 17 Si 23 23
Cocks 13 14 18 '
Ducks ............19 22 . 23
Geese 18 U20 20
Turkeys 32 035 15
Eggs.
Eggs, per case.$ll.ou13.00
033
(If 25
6j 30
4l'20
Si 25
if 25
U43
55
49
36
30
$58
ei5
4)40
tf32
23 40
45
44
35
28
46
6 30
4 30
Select, fresh 48 (a) 60
No. 1, fresh .....41 48
No. 2, fresh 26 W30
Cracks, fresh 23 35
Storage egga (ac
cording to grade)
Butter.
Creamery, prints
Creamery, tub
Country, beat 30 32
Country, common. .23 8264,
Butter fat. station
price 32
Hoy.
Prairie No. 1
Upland Il.50i911.50
No. 2 Upland 9.5010.60
No. 3 Upland 7.604? 8.50
No. 1 Midland 10.6011.60
No. 2 Midland 8.6010.00
No. 3 Midland 7.00 8.00
No. 1 Lowland 8.00 9.00
No. 2 Lowland 7.00 8.00
Alfalfa (ch'ce) 18.0019.00
No. 1 16.0017.00
Standard 13.0016 00
No. 2 10.0012!oo
No. 8 8.00 9.00
Oat Straw 8.00 9.00
Wheat Straw ' 7.00(g) S.00
Potatoes Potato shipments continued to
decline last week, as shown by the unload
reports. A total of 10 cars wire unloaded
in Omaha during the first five days of
last week. Very little trading was done
and prices remained unchanged. No,- 1
Nebraska Early Ohio potatoes sold to re
tailers at $1.75 to $2.00 per cwt., with
No. 2 selling at $1.50 per cwt. Red River
Ohio stock sold to retailers at $2.00 to
$2.25 per cwt.
Hay Hay receipts ran slightly heavier
last week than for the pi seeding week.
A total of 62 cars were reported for the
first five days of last week, as compared
with a total of 60 cara for the six days
of the preceding week. Of last week's
receipts, 28 cars consisted 6f prairie hay
and 24 of alfalfa. The prices of No. 1
reupland and No. 1 midland were reduced
50 cents per ton. The receipts were very
light the middle of the week but were
heavier than usual the last of the week
The demand continued good, especially for
the better grades.
Poultry The extra heavy shipments of
all kinds of poultry into the . market that
prevailed during the Thanksgiving sea
son became lighter laat week, especially
on live stuff dearer offered about lo
more, per pound on live springs and hens
than they were willing to pay the first of
tho week. Dressed poultry was, in abund
ance on the market and the demand was
very light The prices of pressed poultry
remained unchanged from what was
quoted the first of the week.
Eggs There was a material Increase In
the receipts of fresh eggs on the market
laat week, but prices remained quite
steady up until the last of tha week when
some of the larger dealers ' quoted the
buying price at a sharp decline. Most
of the dealers are buying eggs case count
and paid $11.00 to $13.00 the last of the
week for No. 1 eggs. Some paid $14.10 to
$16.00 per case, loss off. ' Storage eggs are
selling at 28c to 40c per dozen, according
to grade.
Butter There was no change reported
In the prices of butter last week. Cream
ery prints sold to retail city trade at 46o
per pound.. Receipts of country butter
were somewhat heavier last week, but
dealers were quoting the same prices that
prevailed a week ago. ;
Fruits Pananas, Per lb., 26lc.
Oranges: Size 218 and larger, $6.507.0O;
Size 260, $6.007.00; Size 280, $5.506.00;
size. 324, $5.005.50. Lemons: Boxes,
$5.506.60. Grapes'. Emperor, in lugs,
$4.006.25; in kegs. $7.00; Almerla,
$10.00. Grapefruit: Crates. $4.505,00.
Apples: Jonathans, according to grade,
$2.253.25; Delicious, according to grade,
$3.60 6.00; Rose Beauty, according to
grade, $2.003.00; Spitz, according to
grade, $2.502.75. Cranberries: BB1.,
$20.0025.00: 1-3 bbl., $8.008.50. Figs:
24-8 oz., $2.252.40; 12-10 oz., $1.60;
60-8 ox., $3.5003.75. Dates: Dromedary,
86 pkgs. per box, $6:75; Fard, per lb.,
25c; Hallosl, per lb., 17c.
Vegetables Potatoes: Nebraska Early
Ohios No 1, $1.762.00; Nebraska Early
Ohlos No. 2. $1.5001.76; Red River Ohlos
No. 1, $2.0002.26; Red River Ohlos No.
2, $2.00. Sweet potatoes: Per bu., $1,600
$.00: per bbl., $5.0005.25. Celery: Jumbo,
$1.2501.60; Michigan, 65 75c. . Head let
tuce: In crates. $4.00 04.50. Leaf lettuce:
Per dozen. 50060c. Onions: Red dm.),
67c; yellow, lb., 66tec; Spanish, crates,
regular, $2.5002.75; Spanish, 140 lb.
crates. $7.0006.00. Cabbage: Per lb.. 4c.
Cucumbers: Dozen, $1.50fi2.60; box, $5.60.
Cauliflower: Crate, $1.7503.00. Radishes:
Dozen, 75090c, Squash: Hubbard, lb., 2
$4c Turnips: Per lb.. lH03c. Carrots:
Per lb., 24 3c. Egg Plant: Dozen, $2.50.
Garlic: Per lb., 26c. Peppers: Per . lb.,
16025c. Brussels Sprouu, Per lb.. 25c.
Shallete: Per dozen, 90c Carrots: South
ern Toung, dozen. $1.00. Beets: Southern
fresh, dozen, $1.00.
Miscellaneous Honey: Case. $5.6006.00.
Nuts: Black walnuts, lb., 58c; English
walnuts. No. 1, lb., 30033c Brazil nuts,
washed and large, lb., 18c Brazil nuts,
washed and medium, lb.. 15016c; pecans.
No. 1. lb., 200 30c; filberts, round Sicily,
lb.. 16618c peanuts. Jumbo, raw. lb.
12H016C heanuts. hand picked, raw, lb.,
Vic; peanuts, hand picked, roasted, lb..
11012c.
Green Vegetables Green peppers: Per
lb.. 35c
Root Vegetables Parsnips: Per lb;; 3c
Rutabagoes: Per lb.. 24c. Beets: Per lb.,
2c Carrots: Per lb.. 2 4c Turnips: Per
lb., 2Hc Cucumbers: Fancy or extra, box,
$5.50; fancy or extra, dozen, $3.00. ,
Hides and Wool. '
Beef Hides Gren salted No. 1 Iate
take off)., per lb.. 607c; green salted No.
2 (late take off), i-r lb., 646c; green
No. 1 (late take off), per lb., 405c;
green No. 2 (late take off), per lb., 3
4c; green salted (old stock), per lb., 30
5c; green salted bull hides, per lb., 3c;
green bull hides, per lb. 2c.
Horse Hides Large, each. $2 5003.06;
medium. $2.00: small, $1.50; pony and
glues. 75C01.SO.
Sheep Hides Pelts, green salted, as to
sise and wool, each, 15010c; shearlings,
green salted, as to size and wool, each,
5 020c.
Wool Choice fine and t4 blood,
per lb., 150Kc; choice medium and
blood, per lb., 12 915c; choice low f
blood, per lb 10012c
NUTS.
Chicago Grain
No. L 33c.- Brazil nuts, large, lct
medium. 15014c. Pecons. No. 1, 20024c
Filberts. 16 018c Peanuts. Jumbo, haw,
13Vi015c: hand picked, lie.
The wholesale prices of beef cuts are
aa follows: No. 1 .ribs, 18 He: Si. I.
lHc: No. S. 13ic; No. 1 loins. J214c;
No. 2, IS He: No. t. 13c; No. 1 rounds.
imc: No. 2. 13c: No. 3. 10c No. 1
chucks. $4c; No. I. c; No. J, Tc; No.
1 elates., mo: No. I. 7c: No. 1. $tic
Mlcllaneous Figs: 24 8 -ox. packareo.
box. $2.00; 10-12-ox. pack, box. tl.se.
Honey: Cr . 24 frames. $s.ee. Cocoanuts:
Per rack. ft$.t; per dsieo, $l,:i.
I
By CHARLES D. MICHAELS.
Chicago Tribune-Omaha Bee Leased Wire.
Chicago, Dec. 6. Weakness in De
cember wheat at Minneapolis, where
prices were off 4 l-2c at one time,
more than offset bullish news from
Europe and Argentina, and precipi
tr.ted liquidation at Chicago, with the
close at net losses of 1 ?-82 7-8c,
with July leading. Coarse grains
weakened with wheat and ' finished
with corn S-8 1 l-4c and oats 1-8
5-8c lower, while rye was off 3c.
There was sufficient .bullish news
in the wheat market, under normal
conditions , of trading, to have
brought about a sharp upturn in
prices, but at the top early they
showed only l-2lc over the finish
of the previous day. Foreign cables
told of an improved demand for
cash wheat. The seaboard claimed
a good export business, with 500,000
bushels Manitobas sold abroad.
Antwerp ' reported a more general
demand and there 'were inquiries re
ceived at Chicago for offers from the
United Kingdom, the first in some
time.
Argentine exporters were reported
in London cables as rcbuying wheat
sold to the United Kingdom, on .ac
count of .crop deterioration. Broom
hall, after careful investigation, esti
mated the surplus from the old crop
remaining for shipment at 24,000,000
bushels or half of what was recently
said to be on hand, suggesting a
total surplus of 143,000,000 bushels,
old and new grain. Kansas also
sent dry, weather reports.
Corn Market Heavy.
Prospects of an Immense export busi
ness In 'corn, with domestic and export
sales f 750,000 bushels in all positions in
the west during the day, counted tor little
in the corn market and the undertone
was heavy': from the start. Cash houses
bought December to remove hedges against
shipping sales, but better weather condi
tfona led to heavy sales to arrive by tho
country and sample values, while un
changed early, were lc lower at the last.
President Harding, in his message to con
gress, asked for an appropriation to buy
10,000,000. bUBhels corn for Russian relief,
buit it was ignored as a market influence,
as was tile strength in stocks and foreign
exchange,- especially marks. The seaboard
reported '400,000 to 600,000 bushels corn
sold for export. Receipts were 467 cars.
Oats Were affected by the action of
other grains and ranged lower, closing at
the bottom. Domestic shipping demand
was better, but the total business was not
given. Premiums on epot were unchanged
as compared with the December. Re
ceipts, 96 cars. . .
Houses with seaboard connections were
free buyers of rye early, but the market
flattened out later when wheat broke and
closed about the bottom. The Beaboard
reported 1,000,000 bushels sold for export
in the-past;two days. Receipts, five cars.
Pit Notes.
.' Minneapolis wired Leland: "December
wheat has become weak here, going to
almost 3 cents discount under May. Many
traders expected to see December continue
Btrong, as the September did, but there
appears lo be no concentrated holding in
the current month."
' An Antwerp cable said that there had
been a complete recovery from the recent .
apathy there. Consumptive demand for'
all grains was reported active."
According to New Tork, Germany has
established a good line of credit, but
where they got it la said to be a mystery.
Germany recently has bought Australian
wheat, American, rye and corn, nnd Mon
day was a factor in the rye market.
Total sales of rye were 1,000,000 bushels
yesterday and today, 750.000 bushels being
worked yesterday. Milwaukee stocks of
rye are said to have been about all cleaned
up.
Hutchinson, Kan., wired Bennett: "A
local banker, who la a very 'conservative
man, states that in this territory the
1922 wheat promise has been cut down
70 per-cent. Snow was sufficient to bene
fit the crop only In a few places."
Updike Grain company had an Austral
ian cable 'saing that wheat was in fair
condition, but was in the critical period
and that reliable authorities placed the
crop prospect at about 80 per cent of
normal.
The fact that 600.000 bushels No. 2
yellow corn at Buffalo .was sold for ex
port at 2 cent's over May c. 1. f. Buffalo,
caused considerable comment. The demand
was regarded as more urgent than sup
posed. Domestic sales were more liberal
than for some time and shippers here In
many cases are confident that asy nor
mal run of corn will be taken care of
without difficulty.
In spite of the enormous' receipts of
wheat at Canadian terminals for weeks
past, much larger, In fact, than for the
same time a year ago, visible stocks now
are only about 9.000,000 bushels more than
a year ago, and there was a decrease of
3,836,000 bushels for the week.
CHICAGO CLOSING PRICES.
By fpdlke Grain Co. DO. 2627. Dec. 6.
Art. I Open. High. Low. Close. Tea.
Wht.
Dec.
May
July
Rye
Dec.
May
Corn
Dec,
May
July
Oata
Dec.
May
July
Pork
Jan.
Lard
Jan.
May
Ribs
Tan.
May
1.121
1.12
1.15
1.154
1.03
1.03i
.4
.91
.47
.54
.53 H
-.55
1.12H
K4 .
91
.45 I .45
.54
1.09 ,
Liik'
Voitt
.81
.87
.48
.551,1 .54
.s:m .Sim
.USt I .384.1
F.
' .32
.374
"'.38
.1
1.09i
1.09
1.13
1.1214
1.01 1,
L015,
.81
.88
.46 4
' '.63?i
.64
3
.3751
.38
1.12
.1
I
i.isu
1.15.4
1.03
1.03 !i
.4t4
.91
.48
'.64
'.55 i
.3:.
.38 'i
.3K-
.39
50 t 60
$.90 $.00
1 , 1
7 45 I 7.50
7.77 I 7.$5
18.50 $.55 I
( 8.90 I 8.95
.115.20
7.42
7.77
7.45
7.80
Minneapolis firaln.
Minneapolis. Dec. 6 Flour Unchanged,
j Bran $17.00p 18.00.
- Wheat Receipts, 382 csrs, compared
with 219 cars' a year ago; cash No. 1
northern, $1.21H 1.23V,; December,
$1,171; May. $1.17-!(,.
Flax No. 1. tl.sO'ei SSH.
Chicago Mocks.
The. following quotations are furnished
py Logan & Bryan:
Armour Leather Co... common 12
Black walnuts. 06c English walnets. f Continental M.otor -
uodt, MC.eil ar i,inpy
Montgomery Ward Co. ............ II
Nat'onsl Leather .- 2H,
Swift Co. li
8wlft International 19H
Union Carbide A Carbon Co. 4714
New York .MetaL
Xw Terk. Pee. 9 Copper Steady.
Electrolrtic Spot and nearby. 13c:
tar IIS !.
Iron Steady; pot. $4.70940.
Zinc lutt: East Ft. Louis d-Ilvery.
sr-w. 4 9f 4 c.
Lead Steady, spot steady, $l.7$ $!..
Financial
By ALEXANDER DANA NOYES.
Chicago Tribune-Omaha lire Leased M ire.
New York. Dec. 6. In view of
existing circumstances, especially
the proposal to defer cash payments
on Germany's reparations account
after next February, today's move
ment of foreign exchange was in
teresting. That the German mark
should have risen, on the report that
such purpose was. officially con
sidered, to the highest price since
Berlin's "black Thursday," Decem
ber 1, was natural. The day's re
covery from .0043 3-4 to .0050 1-2
will doubtless have its own impli
cations to the German stock ex
changes; but that is another matter.
The sharp rise in sterling to
$4.08 7-8, a higher rate than has yet
been touched since the autumn, of
1919, might be taken as London's
expression of satisfaction over the
drift of the reparations controversy,
for Lombard street had rather evi
dently come . to , favor leniency to
Germany.
French Francs l"p.
But today's rise In French exchange to
7.61 4c an advance of nearly 1-3 cent
since tne increase oegan, is consiueraoiy
more significant because it is a very plain
comment of the outside financial world
on the lately prevalent Idea that suspen
sion of cash payments by Germany -nuuld
drive France into bankruptcy. The price
reached by' the franc on today's market
was the highest since the first days of
September and something like 25 per cent
above the rate of a year ago this week.
What we thus far have in the cables
regarding the proposed three-year remis
sion seems to be more or less tentative in
character; indeed, It does not appear that
either the allies or Germany have agreed
on the conditions to be attached to it,
No Change in 8tocks.
No change occurred today In tho char
acter of the stock market. It was again
made un of a seemingly purposeless mix
ture of advances and declines. Wall street
went through the form or discussing tne
influence on the market, of the president's
speech to congress or of the seeming
settlement of the Irish question. ' Such
matters as these often have considerable
effect on a day's market, but not on a
market which has given no reflection to
the arms conference, and which makes
no response even to the discovery that
tne railways, as a wnoie, nave nearly ur
quite earned the objective 6 per cent In
October.
In the bond market there was no
change. Most of the Liberty bonds fell
back a small fraction and the Victory is
remained at their subscription price. The
time is now fairly near when we shall
learn whether the November bond mar
ket embodied the "reinvestment demand"
coming ahead of time or was only a fore
runner of .the actual year end. reinvestment.
Omaha Grain
Omaha, Dec. 6, 1921.
Cash wheat prices today were 2c
to 3c lower. Corn ranged unchanged
to 'Ac lower and generally yZc off.
Oats declined to Yic Rye was
off lc and barley nominal. Corn
receipts were moderate and other
grains light.
WHEAT.
No. 2 hard: 2 rare, $1.13 fdark): 2 cars,
$1.12; 1 car, $1.12: 1 car, $1.11 tsmutty) ;
3 cars $1.00 .(yellow).
No. 3 hard: 1 car, $1.12 (dark); 1 car,
98c (yellow).
No. 4 hard: 1 car, $1.00; 1 car, 96c
(smutty); 1 car, 96c.
No. 6 hard: 1 car, 97c (smutty). .
Sample hard: 1 car,, 98o (yellow,
weavil).
Sample spring: 2 cars, $1.10 (northern
special billing).
No. 2 mixed: 1 car, 83c (durum); 1 car,
84o (durum).
No. 4 durum: 1 car, 82o (amber).
! ' CORN.-
No. 2 white: 3 cars, 40c.
No. 1 yellow: 1 car, 41c (special bill
ing). No. 2 yellow: 1 car, 40'sc; 1-car, 40Vic;
8 cars, 40c; 1 car, 39tyc (no billing).
No. 1 mixed: 2 cars, 4054 (old); 1 car,
40c.
No. 2 mixed: 1 car, 41c (special billing);
7 cars, 40c.
OATS.
No. S white: 1 car. 3014c; 2 cars, 30c.
No. 4 white 1 car, 3914c; 1 car, 2914c
RYE.
No. 3: 1 car. 76c (heavy); S cars, 74c.
OMAHA RECEIPTS AND SHIPMENTS.
Wreek Year
Receipts Today Ago Ago
W-iieat '..27 13 72
Corn ." 79 70 11
Oats 11 17
Rye 2 4 13
Barley .. 2
Shipments
Wheat 38 47 67
Corn 41 6.! 6
Oats 3 23
Rye .. 19
Barley 4 1 C
CHICAGO CAR LOT RECEIPTS.
. Week Yar
. Today Ago A-
Wheat 39 47 7t
Corn 416 "51 100
Oats 116 115 115
KANSAS CITY CAR LOT RECEIPTS.
Week Year
Today Ago Ago
Wheat 268 123 17
Corn 98 1 7
Oats 10 13 11
ST. LOU13 CAR LOT RECEIPTS.
Week Year
Today Ago Ago
Wheat 48 34 85
Corn 105 41 24
Oats 38 13 20
PRIMARY RECEIPTS AND SHIPMENTS.
Today.
. ..1.299.O01
,..1,441,1.00
... 552,000
Tr. Ago.
1.302.0n
68 2.000
548,000
Receipt,
Wheat
Corn
Oats
Shipments-
Wheat 473.000 931.0OO
Corn 435.00(1 249.000
Oats 331.009 315,000
EXPORT CLEARANCES.
Today. Tr. Ago
Wheat 390.0WI 1,279.000
Corn 4:9,009 17,004
Data
NORTHWESTERN WHEAT RECEIPTS.
Today. Wk.Ago. Ir.Ata
Minneapolil 32 117 $10
Duiuth 99 ITt ' 177
Winnipeg 75 $41 l,i:i
New York Quotations II Bonds and Notes
Chicago Produce.
Chicago. Dec (. Butter. lower; cream
ery. 347 4c
Eggs Higher; receipt! J,75 cases;
firsts. 64e5c
Poultry Alive: ansettled; fowls, 14
25 Sc.
Feeelaai Exehang.
Vw Tork. Iec Foreign Exchangs
Strong.
S-eat Britsln Demand. $4.f$.
Germany Oemand, .0059
Range of prices of the leading storks
furnished by Logan A Bryan, Peters Trust
building:
RAILS.
Close
High Low Cloao .Mon.
A T 8 F .... Ml'i bM, H 89
Baltimore & Ohio. 37 'i 3t), 37 37
Caundlan Pacific. 11914 lis 114 ll'i
N Y Central 74'i 74 74S 74,
('lies & Ohio ... 67 Vi 67 67 67
Erie R R 11 "4 1 1 44 1 1 1 1 4
Ot Northern, pfd. 7714 75S 77 76'
Chi Ut Western.. 71 74 714 7v$
Illinois Central .. 991 93V, 9914 99
Knn City South'n 2414 2414 24V 2414
Missouri Pacific .. 19 18S 18 1$7
N Y, N H A H. . , 1314 12'4 1314 12
Northern Pao Ry 81 80 80 81
Chi 4 N W 69 68 69 68
Penn R R 3414 83 33T4 34 '4
Reading Co 7214 72 72 7214
C, R 1 A P 33 .82 32 33
South'n Pacific Co 80 79 80 8014
Southern Ky 191s 1914 1914 19,
Chi, Mil A 6t P... 2214 21 2214 21 It.
Union Pacific ....127 12614 127 125
Wabash 7 7 714 7
STEEL.
Am Car & Fdry.,146 145 146 146H
Allis-Chal'era Mfg 3R 3Tli " 37
Am Loco Co 99 98
Utd Alloy S Corp.. 2514 2514
Baldwin I. Wits... 95
Beth Steel Corp... 67
Colo F I Co 26
Crucible Steel Co.. 65'i
Am 8 Foundries.. 34
Lack Steel Co 4714
Midvale S O.... 2814
Pressed S C Co.... 67
Rep I S Co 54H
Ry Steel Spring... 92
Sloss-Shef S I
U S Steel 8414
Vanadium Steel .. 34
Anaconda C P 46
Am Smt Rfg Co. 43
Chile Copper Co... 12
. 2714
. 55
. 38
. 25
. 26
. 14
. 14
.'63
93
5G
2614
6414
34
46
27
67
531',
92
99U
25
94
67
26
86
34
4
28
67
63 M,
92
83
33
4614
43"4
12
27
56
37
25
25
13
1414
59
84
33
4
43
12
27
55
38
2514
35
13
14
69
99
25
95
66
26
64
34
46
28
68
64
92
40
83
33
46
44
12
27
64
37
26
14
14
69
2814
31
41
33
29
31
41
33
22
32
42
32
22
.11614 116 115 116
. 31 30 31 30
34
47
32
49
29
7
70
88
42
69
10
47
32
60
31
7
70
89
4214
73
11
35
47
32
48
31
7
70
88
42
69
10
11
36
81
68
37
11
63
2
44
10
15
66
11 112 112
16 lb "4 li'A
87
11
85
81
68
35
11
62
2
43
9
16
65
11
34
83
67
36
11
63
3
42
9
66
37
6
45
61
14
48
52
53
22
64
33
78
69
11
4514
10
46
40
29
93
91
49
Si
45
61
15
48
65
65
2214
67
33'i
81
60
11
45
It
46
40
29
93
91
49
81
37
6
45
61
14
47
62
64
22
66
32
78
69
11
45
46
39
30
91
48
80
Monday's
close.
Chlno Copper Co.
Calumet A...
Ins Cons Cop. . . .
Ken Copper
Miami Cop Co..
Nev Cons C Co. .
Ray Cons C Co. .
Utah Copper Co.
Industrials
Am Beet Sugar Co. 29
At. O W I S S.. 32
Am Int'l Corp 42
Am Sum Tob Co.. 33
Am Cotton Oil Co 22
Am Tel & Tel..
Am Ag Ch Pro. .
Bosch Magneto . 35
Con'tal Can 47
American Can Co 3i
Chandler Mot Car 50
Central Lthr Co... 31
Cuba Cane Sug Co 7
Cal Pckg Corp.... 70
Corn Pdcts Rfg Co 89
Nat Enam, Stamp 44
Famous Players .. 72
Fisk Rubber Co.. 11
Gen Electric Co. .143 142 143 143
Great North'n Ore 33 32 ' 32 83
Gen Motors Co... 11
Goodrich Co ... 36
Internet Harvester 84
Am Hide, Lthr pfd 69
U S Ind Alcohol Co 87
Internat Nickel.. 11
Internat Paper Co 63
Island Oil 3
Kelly-Spr'gf'ld Tire 44
Keystone Tire, Rub 10
Internat M. M com 16
Internat M M, pfd 67
Mex. Petroleum. .. .113
Middle States Oil 15
Pure Oil Co 37
Willys-Over'd Co.. C
Pacific Oil 45
Pan-Am. P." & T.. 61
Pierce-Arrow Mot. 15
Royal Dutch Co.. 49
U. S. Rubber Co.. 55
Am Sr Rfg. Co.. 5514
Sinclair O. & Rfg. 22
Sears-Roebuck Co. 57
Stromberb C. Co.. 38
Studebaker Corp.. 81
Tob. Products Co.. 60
Trans-Cont. Oil... 12
Texas Co 46
Vi S. Fd. Pr. Corp. 11
Union Carbide .... 46
White Motor Co.. 40
Wilson Co. Inc 30
West'se Aalrbrake. 93
Western Union ... 91
West'se El. & Mfg. 49
Am. Woolfcn Co.. 81
Total sales, 728,000.
Money Close, 6 per cent;
close, per cent.
Marks Close, .0057c; Monday's
.0043c.
Sterling Close, $4.0814; Monday's close,
$4.06.
Jfew York Cenernl,
New York, Dec. 6. Flour Market, easy;
spring patents. $6.757.25; spring clears,
$4.505.25; soft winter straights, $5.50
5.90: hard winter straights, $S.266.75.
Wheat Spot, market weak; No. 1 red,
$7.21; No. 2 hard, $1.20; No. 1 Manitoba,
$1.23, and No. 3 mixed durum, $1.09, o.
i. f. track New York, to arrive.
Corn Spot, market barely steady; .No.
2 yellow, 67c: No. 2 white, 68c. and
No. 2 mixed, 67c, c i, f. New York, all
rail. -
Oats Spot, market easy; No. 2 white,
45(S45c.
Hay Market, easy: No. 1, $28.00
S0.00; No. 2, $56.0028.00: No. 3, $24.00
26.00; shipping, $22.00 24.00.
Lard Market, steady; middle west,
$9.36j9.45.
Other articles, unchanged.
w York Cotton. .
New 'York. Dec. 6. The cotton market
Improved with a more active demand to
day, the list advancing 25 to 85 points
In the first two hours. The gain was not
held, however, sagging around mid-day
about 15 points, although the disposition
to sell wss less than recently, due partly
to the proximity ot the government gin'
nine report on Thursday.
Although quiet during most of the
afternoon sesajon. the market was under
heavier selling pressure from Wall street
longs and prices eased off 20 points from
the early high. New low ground for the
day was made In the last half hour and
the close was 11 to 19 points net higher.
New York Bagger.
New Tork. Dec. . The local market
for raw sugar was weak and uncontrolled,
new crop Cubes were offered at a de
cline of 1 1-lSe to the basis of i l-16c
cost and freight. iunl to 3.67c for cen
trifugal or to the lowest prices recorded
In over six years: old crops Cubes, how.
ever, were unchanged at 3c. cost and
freight, -o;ua! in 4.11e for centrifugal.
Raw augar futures closed 3 to ( points
net lower, with Januarv. J.llc: March,
2.12c; Slay, i.22o. and Jnly. J.llc
Turpentine and Rosin.
Savannah. G Dec. . Turpentine
Firm. 74c: sales, 20 Mils.; receipts. 43
bbls.; shipments, 134 bbls.; stock, 11,86$
bb's.
Rosin Steady: sales. 141 casks: re
ceipts. J..KH casks: shipments. 43$ casks;
stock. 74.955 casks:
Quote: Tt. T, K, T. O. $4.0: K. $4 6
I. $4 10; K. $4.85; M. $5.05; N. $5.35; W.
G, $5.80; W. Vr. $5.75
Jew Terk Mooer.
,'" Tork. Dee. Call Money
Firmer; high. per cent; low, 414 per
cent; ruling rates, 4 per cent; closing
bid. 4 per ent; offered at 5 per cent;
last loan. $ p cent.
Time Loans Easier: 0 dsva. 4S5
per cent: days. 4i per rent; $
months. 4t?S per cnt.
Prime Mercantile Taper $05 per
cent.
w Terk pmdsK-?.
New Tork. Pe. (. Butter
creamery. 346r.
Rare tadT: unchanged.
Chee-e Steady; uachacged.
Unsettled;
Ap.
Ilkl Asked Yield
Am. T. A T. Co. . 1922. 99 100 B.7
Am. T. A T. Co. da, 1324. 99 100
Anaconda 7a. 1929 l"l 1"2
Armour 7s, 1930 102 102
Belgian Gov. He. 1941 ...104 106
Belgian Gov. 7s. 1946. .104 104
Beth. Steel 7s, 19J3 100 1011
British !:'. 1923 99 99
British 6s, 1929 96
Can. No. Vi.s, 14 17 IMS
C B. A Q Jt. 6s, 1936.107 1"7
Chile 8s, 1941 102 102
Denmark 8s, 1945 to 10914
Du Pont 7s, 1931 103 104
French Gov. s. 1945 .... 99T4 00
French Gov. 7, 941 ... 94 96
B. F. Goodrich 7s, 1925.. 97 98
Good. T. A K. 8s. 1941. .110 111
Ot. Northern 7s. 19J6 ...108 108
Jap. Gov. 1st 4s, 1925.. 80 87
Jap. Gov. 4s, 1B:;1 70 70
Norway 8s, 1940 109 110 14
N. W. B. T. Co. 7s. 1941-.10714 108
N. Y. Central 7s. 1930 ..104 105 0.21
Penn. R. It. Co. 7s, 1930.105 inbQi . 6.12
P. R. R. Co. 6s, 19311.. 105 106
S. W. B. T. Co. 7s. 1925.101 101
Swift A Co. 7s. 1925 ....100 100
Swift A Co. 7s, 1931 ....102 102
Swiss Gov. 8s, 1940 112 1 13
V. H. Rub. 7s, 1930 ...104 105
Vacuum Oil 7s, 1936 ....106 107
Western Un. 6s, 1936. .10614 107
West. Elec. 7s. 1931 ....105 105
Uruguay 8s, 1946 102 103
Brazil 8s, 1941 104 104
47
4.70
CO
7.59
7.10
6.57
7.11
6,10
6.88
6.75
1.73
7.16
6.90
7.97
7.95
7.61
6.08
7 15
8.90
8.65
7.00
6.29
6.S5
6.60
6.75
6.65
6.79
6.0.1
6.22
5.80
6.19
7.69
7,25
Foreign Exchange Rates.
Following are today's rates of exchange
aa compared with tho par valuation. Fur
nished by the Peters National bank:
Par Val. Todav
Austria 30 .0005
Belgium 193 .117111
Canada 1.00 .9250
Ceclio-Slovakla .0113
Denmark 27 .1877
England 4.80 4.07
France , 193 .0752
Germany , 238 .0049
Greece 195 . .0412
Italy 195 .04:18
.lugo-Slavia , .0039
Norway 27 .1400
Poland .0003
Sweden 27 .24
Switzerland .193 .1924
New York Curb Storks.
Allied Oil 3 . 411 4
Boston Montana ..82 84
Boston Wyoming 80 81
Elk Basin 74 74
Federal Oil Ifcl9-16
Slmms Petroleum 12
U. S. Steamship 14
oncw,fu(ure
Some people think ahead, they antici
pate their needs, and provide. Others put
it off until distress looms, and then comes
grief. These latter, unfortunately, out
number the others nearly six to one. As
long as their immediate needs are met,
they neglect the f Lti're.
This a grave nii-.take. If you believe
in your future, save for it. Be a bull on it.
The opportunity is today. High grade
listed stocks and bonds are on the upward
swing. Still many are begging for buyers.
Bargains are plentiful.
This is your opportunity. The Kriebel
Plan will finance your investment. You
are not subject to margin calls, but you get
all dividends while paying. Thousands
find it the solution of their saving and in
vesting; problem. 97 of all who try it
continue with it.
The Kriebel Plan provides the incentive tocon
tlnu4l saving. It makes saving one of your
greatest lire Interests, now is a good time to
adopt the better was to take tha sten that
thoossnris of others hsve taken toward flnsacisl
independence.
Peter reruns Has written a book entitled (iet-
rng Ahead." It tells bow
CO.000.00 hi thirteen vean
monui. 11 reus 700 ao inom
We send it free, writs tor
be ftccnmaiated over I
by invtftinfaT &25.00 Dtw I
the Krwbel Plan, I
roar copy tod$ry. i
your name and
amd matt to as.
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KRIEBEL & CO.
Investment Secaritie
Dsit. 18938, 137 S. La Sal 0 St., Chicago
lasses KIT htsuauselit Hlwrak Iseklani
Clsatfs Mnitt Osiahwd Stleais Cteasuti
Articles By Omahan
Adopted as Text Books
In Army Air Schools
Official document: on vnriou
plic of lic 'iir'. ifrvice of, the
I'nitfd State rniy in France dur.
Ing the world .war, whkh were
written hy Steve S. Pay. 113 South
Fiftv.first street, have been adopted
for permanent study in the air
school of the army, according to a
circular just published by the direo
tor of the Army. Air Service in
Washington.
It wa while Day wai stationed
a first lieutenant with General
rmhiiiK'- .headquarter at Chau.
niont, France, in the spring of 1916.
that lie wrote the article on Aerial
Reconnaissance. Co-operation of Air
Servict and Cavalry and Balloon
Observation. .
Day i an active member of the
Omaha Aero club. ,'
Drive to Aid Ex-Service
Men in Omaha Planned
Because of general distress among
unemployed ex-service nun, an ap
peal for aid will be made to alt
citizens of Omaha instead of mem
bers of the American Legion only,
Father L. B. llolsapple, chairman oi
the special emergency committee,
announced yesterday.
"Conditions are very discouraginp,
said Father llolsapple. "If we don't
come to the aid of many of these,
ex-scrvice men, their Christmas will
be a dismal one and to their children
Santa Claus will be a mockery."
South Side Brevities
Watch for the hlg; surprise that Phlllp'e
bin store has in store tor you. Advertise
ment, An all day bainr will be held by the
ladles of Trinity llaptlst church today at
4"14 South Twenty-fourth street.
The Ladies' Aid society of the Lefler
Memorial church will hold a bazar at the
DoukIbs county court house Friday and.
Saturday.
To our kind friends we are deeply rrate
fill for their lovely floral offerings anil ,
kindness shown us at the death of our dear
wife and mother. Signed, Thomaa Hoctor,
and family.
The South Side Conicregatlonat church.
Thirty-ninth and R streets, will hold Its
annual bazar at the church tomorrow ami
dinner will be served all day. There will
be candy, art and home baking- booths.
We wiflh to thank- our neighbors and
many friends for their beautiful floral of
ferings and kind sympathy extended to us
during the Illness and death of our be
loved daughter and sister, Margaret. Sign
ed, Mr. and Mrs. W. J. Maguire and family.
The Ladles' Aid society of Grace M. E.
church will conduct a baiar In the par
lors of the church all day tomorrow. Light
refreshments will be served during the
day aud a dinner will be served In the
evening from 6:30 to I. The affair Is
open to the public.
New York Dried Fruits.
New York, Doc. 6. Apples Evaporated,
market quiet.
Prunes Steady.'.' '
' Apricots and Peaches Firm.
Raisins Steady. . v
Revenue Act
of 1921
We have reprinted
the complete Act
with annotations
and' a comprehen
sive index.
Copy on reauest for OB-435
The National City Compart)
Omaha First Nat. Bank Bldf.
Telephone Douglas 3311
American Telephone S Telegraph Co.
- 129th Dividend
A quarterly dividend of Two Dollars
and Twenty-Five Cents per share will be
paid on Monday, January 16, 1932. to
stockholders of record at the close of
business on Tuesday, December 20, lvl.
H. BLAIR-SMITH, Treasurer.
Let Us
Grain
Handle Your
Shipments
to the Omaha, Chicago, Milwaukee, Kan
sas City, Sioux City or any other markets.
WE SPECIALIZE
In the careful handling of all orders for grain
and provisions for future delivery.
WE OPERATE
Offices at Omaha, Neb.; Lincoln, Neb.; Hastings,
Neb.; Chicago, IIL; Sioux City, la.; Holdrege,
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WE HAVE
An up-to-date Terminal Elevator in the Omaha
Market with the latest facilities for handling your
shipments.
Updike Grain Co.
"The Reliable Consignment House"
OMAHA, NEBRASKA
