7J7
T
A 1
I
THE BEE: OMAHA. THURSDAY. DECEMBER 15. 1921.
Twenty Millions
To Be Spent pn
Power Scheme
tnergy Generated inCarolinas
Will Help Make Great Cot
ton Manufacturing Com
munities in South.
13
By HOLLAND.
Contained in the very interesting
i ml realty amazing report made by
.Secretary of the Interior Fall, setting
forth the enormity of the undevel
oped natural resources of the United
.States, is a statement that on public
land there now await development
lJ.5UO.000. horsepower in hvdro-elec
trie energy. This docs not include
the development of this energy by
private capital. One of the latest
of these developments is the tone
which is now undertaken by the
Southern Power company. Until
within a few years the power which
was in streams of the south was
neglected. George Wcstinghousc was
one of the first, if not the first, to
tell the business men of the south
that they possessed in their rivers
power going to waste which if can
tared and utilized would be sufficient
to operate trolley lines, railroads and
industrial plants in a considerable
section of the south.
Now this hitherto nea-lected resource 1i
In the progress of full development. When
the stupendous power whirl) la contained
In th Muscle Khoal region Is developed
then on the whole the southern tntes will
match If not over match the development
of hydro-etectrlo energv aa It la In other
part of the union. The able men who
ar manarlnc the Southern Tower com
pany plan an expenditure of'not Irea than
120,000.000 for the purpoee of utilizing
water-power In North and In South Caro
lina. Thla energy will be ufftclent to
operate a continuous Hue of cotton mil!:
In the Carollnaa and will contribute to
making the aouth a very great cotton
manufacturing community.
To I'tlllze Water Power. '.
In other parte of the aouth preparation
are underway for capturing and utilising
the hitherto unused energy, thereby
building up many industries.
The wonderful Increase In the develop
ment of natural resources In the aouth
which haa been made .within the past 30
or 40 years made It possible for Secretary
Fall to furnish In hla annual report the
figure, and estimates which tell of the
enormoua wealth that la In the natural
re.ourcea of the United States. Fifty
yeara ago the almost unmatched deposits
of ore, coal and limestone In northern Ala
bama were of no avail. In fact, only
few weeks ago Birmingham, Ala., which
waa 60 yearea ego a little hamlet, cele
brated with the president of the United
Statee aa the conaplcuoua guest, the
fiftieth anniversary of the beginning of
the utilisation of the enormoua mineral
wealth In that vicinity.
Perhaps In no pert of the United States
hag development of natural resources been,
relatively speaking, on greater scale than
In the south. This Is reflected In the
Increase In building operations. At
time when building In other parts of the
United States waa almost stagnant the
south was much engaged in building con
structlon. How rapidly that has in
creased Is revealed by the authoritative
statement that In November nearly
SIOO.OUO.OOO represent new contracts oi
contracts about to be executed for build.
Ing construction In the south. In Oc
tober the money Investment In building
waa a little over 1100,000,000. pait of this
being In contracts to he awardoj and
part in contracts already awarded.
Rich Resource Remain.
There remain very rich and extensive
natural resources In the aouth, some of
which await development to be under
taken as goon as normal business condtt
tlons ere restored. Florida Is already
celebrating the completion of a great work
In southern Florida whereby mucn of that
very rich soil will be drained and be made
available for agriculture. In fact within
a few years much the greater part of the
rands In Florida nitnerto uncultivated do
cause unavailable will have been re
claimed 1
Louisiana hat farreachlng stretches of
very rich land hitherto unavailable be
cause of its swamplike character. Yet Ir
the course of a few yeara approximately
60.000.000 acres of these lands will have
been reclaimed and be cultivated to di
versified agriculture. Former Governor
I.owden of Illinois has been for some years
persuaded that the low lands of the Missis
sippi valley In the vicinity of Memphis
and across the river In Arkansas cRn be
reclaimed and he has already undertaken
to do that. Almost all of these lands,
however, are state lands and are not In
cluded In any estimate of the wealth of
the United States as that exists In lands
unreclaimed and yetreclalmame.
" The Southern IMnelands. ,
One of the ablest of expert authorities
of the United States whose home Is at
Boston but who is familiar with the latest
resources of many parts of the United
States recently said that the cut-over pine
lands of the southern states left a residue
of stumps which contain hidden riches In
the form of oils, turpentine and like prod
ucts, and that these only await a develop
ment which is sure to coins and in fact
has begun. He also spoke of natural
In the south which when de
veloped will produce wool pulp in enor
mous amounts available for the manufaC'
There seems to be an intimation, rather
subtle it is true, in the report which has
lust been made by the secretary of the
ini.rinr tht theso natural resources or
the United States which when developed
may yield in royalties to the government
J12.000.000.000 every year. must, if the
best results are to be secured, be handled
in the modern spirit of real conservatism.
... i waste and the adoption
nt .11 reasonable economies. If that be
done then when these natural resources
are well developed they will have increased
the available wealth of the United States
so that it will reach Jt. 600,000.000.000 al
thouah todav that wealth is estimated at
about J300. 000.000.600. In our natural re
sources well developed and with the world
at peace there Is apparently In Secretary
Falls mind no question of the future posi
tion of the United States, as the leader
among the nations of the world.
THE GUMPS
SEE rr IN COLORS
IN THE SUNDAY BEE
THAT'S ANOTHER STORY
Drawn for The Bee by Sidney Smith
Cevriht, IISI, I'hiesi Tribune Compels
WOW DO Xoo
WA.T-
A DAfcUNG.
T
ANOTHER
NV.Y BOUGH AfaAIN'
TMAT'i RiGhT-
A HAT" THAT' 4
tATffAVAGANC.fr
V 1 tX.Tf?AV AQAN Cfr
ooneAVAfcAMCfc!1.--
VOO wuib TAtvC - A Kan wo
WENb 50. POlt THftE CMAft AMD
JUKAP X IK ATAXJ CAR TnKt&t
A fCUMNINfe KUsMT
PAVT YOli ALL YHC
10
kX WTO A RESTAURANT AHO VAHtV
THE tOOR BOV A - THC
HEAD WAITER A IXM-LAR -(bRAfi
ALL THE CHCCK-
HA0 THE- WAITER AT7P THAT'S
AVfCrC SAJLAftT
A0 THCN VOO CDMC HOMfc
AMOTldMTfN Up ON
HAND r A pOTROAir AnO
HAtH ALLOWANCE
aho trXPfcr aQuA8i Ao
PORTlrR HOVJ&tr 4TEAK
trlCKl NlfcrNT -
You Talk To -
H(IU
Live Stock 1
Receipts Oeret
Official Monday,
official 1u...lv... I. Ill
Ksilinai Wednesday, S.irnO
Three day title, wit, Ills)
Hani day last week, 14.11
Ham day 1 wk o.l.t2
Mam day I wk ego.lt HIT
ham day year ago.. II, Ml
Oms ha, Pea, 1J.
Cattle Hogs ib
4,ot I4.S4
11411 HW
t.ooe .bua
IS. tie si. i j.-.
I441I IlkKl
n.ui 4j.u
10 in tJ.O.'.
11.4b! IT.ewa
veal
Chicago Ut Mock.
Chicago, Pec. 14. Cattle Receipts,
8,000: beef eteerB, strong to Zoo higher,
or about like yesterday's best time; six
choice yearlings, SU.00: best heavy steers,
I8 60: bulk beef steers. .08.00; she
torlc. strong to 15c higher; bulls, stock-
ers and feeders, 15c to SSo higher
in RAe hlsrher.
tr'. ..tnts S2.000: mostly 10o to
vjJo higher than yesterday's average, clos
ing with part of advance lost on butchers;
shippers bought abom 15,600; holdover
moderate; top, $7.60 for light lights,
bulk 190 pounds and up. J6.907.25; pigs,
mostly 10o higher; bulk desirable, S7.60,
some 17.60.
Sheep and Lambs Receipts. 16.000;
feeders and best fat lambs, steady: others
unchanged to J5c lower; heavy ewes al
most unsalable; fat lambs top. Jtl.35; bulk
desirable kinds, SU.OOCU.SG:- bulls, J8.50
09.00; few good yearlings, S9.S6; fatewe
top. SS.85: bulk. SS.505.00; come back
feeder lamb, S10.S5 down.
Kansas City Lire Stock.
Kansa Cltr.' Pee. 14. (U. S. Bureau
Sf Markets.) Cattle Receipts. 7.000
head; beef steers. 25o higher; top steers
early, SS.26; some yearlings held higher;
bulk of eales, Jfi.JSif; 50: she stock
strong; bulk cows. S3.6094.25; best
grades. J4.508'5.00: few heifers. 17.75;
most lots, 1 4.60 84.60; stackers and feel
ers steady to strong; bulk etockers, H.ii
06.00; better grades feeders, Ss.0060;
other classes steady: most canners, un
der S3 better vealers, ST.OOtfs.OO; most
bulls. 3.00?S.7E.
Hogs Receipts, 1,009 head; opened 10c
higher, closed fairly active, mostly 15c
higher; shippers top oe lights snd light
lights. S.SS: packing top on light and
handy butchers. S4.80; bulk of sales. S6.65
sJf.SO: packing; sows, steady; pigs strong:
'gheejLiltece'pts, nesd: killing
tiasse generally steady: best ewes. ti:
so choice lambs offered; natives. S..
8km x City Lira Stack.
Sioux City, la., Pec. 14. Cattle Re
ceipts, J.200 head: market steady; fed
steers and yearlings, St.60 10.50; wermed
ups. S4.00B7.ea; fat cows and heifers,
S4.0e7.(0; canners, Sl.OOfS.Oe; veals,
S3.(SS.0n: feeders. S4.06.0; halves.
S3.60 60; feeding cows and heifers.
I1.S0S4.50: etocker. S5.00f7S.01.
Hogs Receipts. 5.000 head: market, S
t 10 cent higher: light and butchers,
Sit?S60; mixed, S.0e5: heavy,
;SS.:5eI5; bulk of sales, S6-60SS.79.
Sheep Receipts. 1.50S head; market
steady.
ft. Joeeph Utl Stock.
. Jos-ph. Mo, Pec. 14 Cattle R
teipts. S.000 head; tnsrket. eteady t J5c
fcigher: steers. S5.00l0.00; cow ai-d heif
ers. S3.J54S10 4; calves, S4 50J7H. !
Hers Receipts. 1S.004I hesd: market,
steady to "lc higher; topi S-; bulk,
S40JC.73.
hm Receipts. S. head; market,
needy to higher; lambs. S3 TS01O-5O;
wee, SS.T5SJ 4.50.
Market, Financial and Industrial News of the Day
Omaha Produce
Furnished by ' State of Nebraska, de
rartment of agriculture, bureau of mar
ket and marketing:
LIVE POULTRT.
Broilers ...
Springs ....
Hens, light
Hans, heavy
Wh'sal
Buying
Price.
.0.3OS0.OO
. .170 .19
. .164
.20 9
Wh'sale
belling
Price.
SO.COfi SO 00
Cocks .10
Ducks n
Oeese 16
Turkey 250
.17
.23
.13
.20
.18
.S5
.S0u
.SOW
.13M
.20
.180
.320
38 .40
.2149 .23 M . 56
.214(1 .23 .24 -i0
.13(0) .14 .16 IS
.2F.W .50 .264 32
.21101 .23 .22 .25
.32 tj) .45 .44 .48
EOGS.
,60O 65 4J .58
.46 4(1 .48 .48 .53
.30 .36 ,36i$ .45
.30 35 .46
6 .44
.45
.44
.35
.27
.48
.45
.40
30
..S11.60 1S00
.. 0.60 10.60
.. 7.60 8.50
.. 10.60 11.00
Midland 8.60 10.00
. 7.UU e.uu
, 8.00 9.00
, 7.0U 8.00
. 18,00 19 00
. 16.00 17.00
. 13.011 15.00
. 11.' 12,00
, 9. 10 00
. 8,0(1 9.00
. 7.00 8.00
lb., 7 'A 6c.
is. 511 i.uo;
S5.506.50;
DRESSED POULTRT.
Broiler
Spring ,
Hens ,,,
Cocks ..
Duck
Geese . . ,
Turkey
Select .,
No. 1 ,,
No. S .,
Cracks
Csse Count, caae.l3.0014.00
Storage, accord- ,
lng to grade
BUTTER.
Creamery, prints
Creamery, tub
Creamery, best .. .30 .32
Creamery, com... .24 .25
itUTTKK r AT,
Station Price ... .32 ....
HAY.
prairie No. 1 Upland ..
Prairie No. 2 Upland .
Prairie No. 3 Upland .
Prairie No. 1 Midland
Prairie No. 2
Prairie No. 3 Midland
Prairie No. 1 Lowland .
Prairie No. 2 Lowland...
Alfalfa Choice
No. 1
Standard
No. S .
No. 3.
Oat straw
Wheat straw
Fruits Bananas, per
Organgea: Size 216 and larger,
alza 260. S6.00IS6 75: size 2K8.
size 324. J5.00ffi5.6O. Lemons, boxes, S5.50
6.60. Grapes: Emperor, in lugs, $j.ou
60; Emperor, in togs, i.uu; AimenuH,
S10.00. Grapefruit, crates, J4.605.00.
Apples, according to grade: Jonathans,
S2.504PS.60; Delicious, S3.OOffi5.00; Rome
Beauty. S2.003.00; Spitz, 2.603.5O;
Stamen Winesap, S3.503.00. Cranberries:
Bbl.. 35.00ffi20.00; 1-3 DDI., 3.outu.uo.
Figs: 4-8 oz., S2.002.25; 12-10 oz., SI. 50;
60-6 oz., S3.503.76. Dates: Dromedary,
36 pkgs. per box. S6.76; Fard, lb., 25c;
Hallow, lb., 17c; Golden, box, SS.50,
Vegetables Potatoes: Nebraska, Early
Ohio, No. 1, SI. 75 2.00! Nebraska, Early
Ohio, No. 2, tl.6001.75; Red River Ohios,
No. 1, S2.00J.60; Red River Ohios. No.
i. S2 002.25. Sweet potatoes: rer du.,
S1.762.00; per bbl., S3.0O5.25. Celery:
Jumbo, crate, S1.S501.6O; Michigan, doz..
6576c Lettuce: Heaa. in crates, ii.ub
4.ao; leaf, per aoz., tua.'tuc. uniuim;
Red. lb., 67c; yellow, lb., 6bc;
Spanish, crates, regular, S2.60; Spanish,
140 lbs., cratea. S7.007.50. Cabhage, lb.,
45c. Cucumbers: Dos.. $2.6O3.00: box,
S5.60. Cauliflower, crate, S2.763.00.
Radishes, doz., 7&suc. equasn, mo-
bard, lb., 22'4c Turnips. lb 22c.
Carrots, lb., 24 3c. Egg plant, bu.,
S4.00, Garlic. Jb., 25c. Peppers, lb., 20
35c. Brussels .sprouts, lb., 25c. Shallots,
doz., 8590c. Carrots, southern, young,
doz., SI. 00. Beets, southern, fresh, doz.,
S1.00. Honey, case, S5. 50 6.00.
Nuts Black walnuts, lb., bec; Eng
lish walnuts, No. 1, lb., 3235c; Brazil,
washed and large, lb., 18c; Brazil, wasted
and medium, lb., 1616c; pecans. No. 1,
lb., 2030c; filberts, Koond, su-iiy, id.,
1618c. Peanuts: Jumbo, raw, lb., 12'4
816c. hand-picked, raw, id., 8ac; nana-
plcked, roasted, 11 4 12c.
Totatoes.
Kvery week for the last month haa
shown a marked decline in the receipts
of potatoes. There was only a total of
five cars unloaded ip Omaha last week
as compared with a total of 10 cars the
Dreced hi week and a total oi jus cars
for the first week of November. ( Trading
potatoes was low oui priues wwu
maintained, as wholesale dealers were
holding off for a greater demand later.
Hay.
Hay receipts continued heavier last
week. A total of 95 cars arrived at the
exchange last week as compared with a
total of 53 cars for the tirst live aays
of the preceding week. The arrivals last
week were about equally divided between
prairie and alfalfa hay. The demand was
poor but prices for tne most part
malned unchanged. An advance was
made in the lower grades of alfalfa the
last of the week.
Poultry.
Poultry receipts were about at normal
again last week after the heavy shipping
during the Thanksgiving rusn. xnere
waa a general lull in the market the first
of the week but dealers began to pay
more money for live stuff the last of the
week, and the selling market showed an
advance. An advance of lc to 2c per
pound was shown in sprfhgs and hens,
and an advance of lc to 2c per pound in
ducks. There was very little change In
the price of dressed poultry but dealers
had nearly cleaned up on the excess
received at Thanksgiving time.
Eggs.
The egg market remained quite steady
throughout the week, wltb a weaker tone
prevailing at tne end or tne weea on
resh eggs, ana a stronger martlet lor
storage eggs. The snarp decline reported
y some dealers two weeks ago was aue to
xcessive stocks on hand and they had no
desire to buv. The first of last week
some dealers were paying S12.00 to 113.35
per case, case count, others paid S14.J?
to S15-00 per csse rots out. Those who
bought on grade paid 48c to 60c
per dozen for real fresh select eggs and
II tne way irom zc io tic per ooaeii
under grsdes. Most of the fresh under
grade below a No. 1 are sold ss storage
eggs. Extra rresn select soia 10 ine
retail dealers for 65c to 580 per dozen. The
last of the week prices tended to be
easier on all grades of fresh eggs, stor
age eggs sold from 33c to 45c per dozen,
according: to rade, the last of the week.
Batter.
The butter market was unchanged
throughout the week although the east
ern market showed a gradual decline the
first few days of the week. The demand
here seemed sufficient to hold up prices,
and there wss a stronger tone to the
eastern markets the lsst of the week.
The wholesale prices of beef cuts are
as follows: No. t ribs, 19 4c; No. t ribs,
ISc; No. S ribs. 15,c; No. 1 loins. 23c;
No. 1 loins. lHc; No. S loins, 154c; No.
1 rounds, 14Hc; o. 2 rounds, Uhie; No.
S rounds, lie; No. 1 chucks, Hc; No. S
chucks c; No. S chucks. Sc; No. 1 plate.
Sbc; No. 1 pistes, Sc; No- S plates. Sc.
Sew York Coffee.
New Tork. Pec 14. The market tor
coffee futures made rather an Irregular
nd unsettled showing today, an carry
advance being followed by reaction under
realizing and lower late cable from
Santos.
The opening was unchanged to six
points higher and the active months sold
six to 11 points above last night's closing
figures during the morning, with. alarcH
at S.SOe and May t S.Suc,
Thia advance wss checked by prcfit
tsking and the market later vld off to
S.fiec for March and S.TSe for May. The
close waa net five point lower te two
points higher. Sales were estimated at
about 43.004 bags. December, c; Jan
uary, S 7c; March. S.Sic; May, 1.70c:
July. 1.71c: September. 8.77c.
Spot coffee is reported 111 fair de
mand. Sc to IV for Rio Is, and llic
te iQ for 5anto 4
Omaha Grain
Omaha, Dec. 14.
Receipts of corn today were lib
eral, with. 133 cars against 79 cars last
Wednesday. Wheat arrivals were 40
cars, oats 10, rye 2 and no barley.
The wheat market was quoted
strong Com ranged lc lower
and the bulk yiHc off. Some of
the No. 2 white showed a cent de
cline. Oats were lAA. Rye was
a cent lower and barley nominally
unchanged.
WHEAT.
No .2 hard, 1 car, 31-09 (dark); 1 car,
SI. 07; 1 car, 11.04; 1 car, 11.03 (smutty)
1 car, SI. 01 (yellow).
No, 3 hard, 1 car, SI. 08 (dark); 1 car,
SI. 06; 2 cars, SI. 06 (smutty): 1 car, 98c
(yellow); 1 car, 97c (yellow, smutty).
' No. 6 hard, 1 car. 95o (yellow).
Sample hard. 1 car, S1.00 (yellow,
weevil); I car, 9o (yellow, weevil);
car. S7o (yellow, weevil).
No.. 4 durum, 1 cur, 85o (musty).
No. 3 mixed, 2-6 car, 80o (durum,
smutty).
CORN.
No. 1 white, Z cars, 390 (special billing)
1 car. 38 He.
No. 2 white, 2 cars, 38Uo; 2 cars, 38 lie;
Z cars, 3SC
No. 1 yellow, 2 cars', 39c; 1 car. 38?ic
No. 2 yellow, 1 car, 39 tyc (special bill
ing); 1 car, 39140 (special billing); 2
cars, 39c; 11 cars, 38Vgc.
No. 3 yellow, 1 car, 39o (special bill
ing); 8 cars, 38 ftc.
No. 1 mixed. 1 car. 3814c: 1 car, 38'40,
3 mixed, 1 car, 38 c (special 1)111-
1 car, 386c; 3 cars, 3S'4c; 5 cars,
Financial
No.
ng);.
3SC
No.
No.
No.
Week Tear
Ago. Ago.
43 73
79 . 26
21 11
2 6
2 3
42.- 70
39 6
6 7
2 6
OATfl.
2 white, 1 car, 30c.
3 white, 7 cars, 29c.
4 white, 1 car. 28 &c.
RYE.
3, 3-5 car, 72c.
OMAHA RECEIPTS AND SHIPMENTS,
(C'AKLOTS.)
Receipts Today.
Wheat 40
Corn 133
Oats 10
Rye 2
Barley ..
Shipments-
Wheat 38
Corn 80
Oats
Rye
Barley 6
PRIMARr RECEIPTS AND SHIPMENTS.
(BUSHELS.)
Receipts ; Today. Wk Ago,
Wheat 896,000
Corn 3,297,000
Oats 480,000
Shipments
Wheat 591,000
Corn ........ 678,000
Oats 383,000
EXPORT CLEARANCES.
Bushels Today,
Wheat and FJour..-. . 190,000
Corn 18,000
Oats 20.000
" CHICAGO RECEIPTS.
Carlots Today Wk. Ago Tr. Ago
Wheat 17 20 , 21
Corn 670 467 80
Oats .... 62 95 35
KANSAS CITY RECEIPTS.
Carlots Today Wk. Ago Tr. Ago
Wheat 163 183 131
Corn 45 69
Oats 13 3
ST. LOUIS RECEIPTS.
Carlots Today Wk. Ago Tr. Ago
Wheat 43 65 72
Corn 67 77 ' '32
Oats 21 26 - 30
NORTH WESTERN WHEAT RECEIPTS.
Carlots . Today Wk. Ago Tr. Ago
Minneapolis 268 . 161 325
191 378 111
....1,148 783 738
80.000
1,673,000
476,000
844.000
685,000
394,000
Tr. Ago.
1,004,000
657.000
. 470,000
658,000
337,000
389,000
Tr Ago.
1,749,000
100,000
Duluth
Winnipeg
.CHICAGO CLOSING PRICES.
By Updike Grain Co.. DO 2627. Dec. 14.
Art. I Open. High. Low. I Close. Tes.
Wht.
Dec. 1.0894 1.084 1.06 1.07 l.OStf
1.08H
May I 1.12 j 1.1254 1.10ft 1.11 1.11
1.1111 1.10 1.117
July 1.03 I 1.029, 1.00 1.01 1.0191
1.01 al 1.01:,
Rye I l I
Dec. I .82 .82 .SO .80 .81 K
May .89 .89 .87 14 .87 Vi .8S9j
Corn
Dec. .40'.; .46 .46 .46 M
.46 9
May .5H4 .6291 .62 .529d .62
.511 ,.62'i
July .54Vs . .54H .63 -4Vli .649,
Oat
Dec' .31 .31 .31 .31 .33
May .3714 .37 .37' .37 .3714
, 37s
July ".884 ".V8-9 ".V;' ".Ys" ' .381,
Pork I I I I )
Jan. 14.87 14.87 114.75 J14.75 14.90
Lard I I I I I
Jan. 8.60 8.60 8.52 8.52 S.C0
May 9.02 S.02 8.95 8.95 S.05
Ribs
Jan. 7.55 7.6S 7.50 7.60 7.60
May 7.80 7.85 7.75 7.75 7.80
. Grain Exports.
Reported by the U. S. bureau of mar
kets. (Wheat Inspected out under Amer
ican grades only. Does not include flour.)
Week ending December 10. 1921:
Atlantic ports, Boston, New Tork, Phila
delphia, Baltimore, Portland, Me., and
Newport News Wheat. 1.400,000 bushels;
ecrn, 628,000 bushels; barley, 67,000 bush
els; rye, 403,000 bushels.
Gulf Ports. New Orleans. Galveston,
Texas City and Port Arthur, Tex. Wheat.
836,000 bushels: corn, 522,000 bushels:
rye. 109,000 bushels.
Paclfio Ports. Seattle, Tacoma, Astoria.
Portland and San Francisco Wheat. 439.
000 bushels: oats, 19,000 bushels; barley,
631.000 bushels. .
Total Wheat, 1,675,000 bushels: corn,
1.159,000 bushels; oats, 19,000 bushels;
barley, 701,000 bushels; rye, 572,000 bush
els. Previous Week Wheat 4.S0T.0OO bush
els: corn. 1.193,000 bushels; oats, 3,000
bushels: barley, 135,000 bushels; rye, S12,
000 bushels.
Total. July 1. 1920 to December 10, 1921
Wheat, 126,369,000 bushels; corn, 13,
1S6.000 bushels; oats, 499,000 bushels; bar
ley lS.tll bushels; rye. 4.610.000 bushels.
Minneapolis Grain.
Minneapolis. Dee. 14. Flour Un
changed to 15c lower: In car load lots,
family patents quoted at 81858 7.25 a
barrel In 98-pound cotton sacks.
Bran 20.90j21.00.
- Wheat Receipts. 258 cars, compared
with S25 cars a year ago. Cash No. 1
northern. S1.2091.S4: December, S1.17;
May. 31.17; July. SI. 14 V
Corn No. S yellow, 38 9 39c.
Oats No. white, 28f3Se-
Barley 37r51e.
Rye No. 2. 7547Cc.
Flax No. 1, S1.S4 14 61.91!. .
By ALEXANDER DANA NOYES,
Chicago Tribune-Omaha IIe leased Wire,
New York, Dec. 14. In the for
eign exchange market where, far
more than in the present stock mar
ket, one may observe the real finan
cial mood, a notable recovery oc
curred today, following 1 uesday s
reaction. None of the European
rates got back to the weeks high
points, but several of them went
above Monday's closing prices, and
sterling at $4.19 had canceled
nearly half of the reaction from that
day s highest.
The stock market chiefly bid up a
series of oil shares, with a few in
dustrial stocks, mostly of the specu
lative sort, keeping them company.
Declines running to a point or more
again alternated with advances of a
similar scope.
Bond Market Hesitant.
The bond market was again hesitant
in movement of prices, though the
amount of transactions continued large.
The Victory bonds, at S100.04 reached the
highest recorded price except for the
single day in June, 1919, when they
touched 1100.08.
Cotton advanced In price again today,
not with any view to estimates of the
crop, but because of the census bureau's
monthly report of home consumption.
Last month actually exceeded, by 15 to
17 per cent, the spinners' purchases in
November of 1913 or 1912. But while
last month's home consumption increased,
exports decreased. They were Btlll, how
ever, fully 25 per cent above the pre
vious monthly average of 1921. From
now on, the cotton market will move on
thetbasis of calculation, not of supply, but ,
of demand. The . price, in other words.
will measure the probabiltly of. general
trade revival, .
Chicago Grain
New York Quotations
Range of prices of the leading stocks
furnished by Logan & Bryan, Peters Trust
building:
RAILS.
Tuee,
- " High Low Close Close
A T & 8 F 9091 90 901.4 80.
Baltimore & Ohio 35 35 35;4 35
Canadian Pacific. 12194 120 121 120'i4
N Y Central 73 73 73 73
Ches & Ohio 65 65 65 5594
Erie R R ........ 10 10 10 10
Gt .North'n. pfd.. 7694 74 7 4 94 7 5
Chi Gt Western... 7 6 , 6
Illinois Central.. 89
Kan City Southil 23 23 23 24
Missouri Pacific... 17 17 17 94 1 7tt
N T, N H & ft... 13 13 13 13
North'D Pacific By 79 78 78 79
Chi & N W ...... 67 67 , 67 67
Penn R R ....... 33 33 33 33
Reading Co ...... 72 . 71 71 71
C, R I & P 32 31 33 31
South'n Psclflo Co 80 79 79 79
Southern Ry ....19 18 1894 19
Chi. Mil & St P. 19 18 18 1991
Union Paclfio ....126 126 12 6 94 1 26
Wabash 6 694 694 6
STEEL.
Am Car & Fdry. ..148 148 148 148
Allts-Chal'er Mfg 39
Am Loco Co 99
Utd Alloy StI Corp 25
Baldwin Loco. ... 97
Beth. Stl. Corp..! 69
Colo. Fuel-Iron ..25
Crucible Stl.. Co... 69
Am. Stl. Fdries... 84
Lackawanna Stl. .46
Mldvale Stl. 28
Pressed Stl. Car
Rep. Iron-Stl. .... 64
Ry. Stl. Spring 93
Sloss-Shet. Stl. ,. ....
U. S. Stl 84
Vanadium Stl. ... 32
38
8
26
96
68
25
67
84
45
28
63"
83
S3
81
COPPERS.
Anaconda Cop. .. 49 48
Am. Smlt-Rfg. .. 47 46
Chile Copper 16 15
Chlno Copper .... 29 28
Calumet -Ariz.
Insp. Cons. Cop... 41 40
Kennecott Cop.'.. 27 26
Miami Copper M . 27
Nev. Cons. Cop.... 15 15
Ray Cons. Cop..., 16 1594
Utah Copper 60 9s 64
INUlBTKULS.
Am. Beet Sugar . 28 94 27
A. G. & W. I. S. S. 33 32
Am. Int. Corp.
Am. S. Tob. Co.
Am. Cot. Oil Co.
Am. Tel. & Tel.
Am. Agr, C. Pro.
Bosch Magneto .
Am. Can Co. , , ,
C. Motor Car ..
Cen. Lea. Co. ..
Cuba Cane Sug.
Cal. Pkg. Corp.
4194
30
22
41
28
98
25
96
69
26
68
34
46
28
ii"
93
83
31 ,
49
46
15
28
40
27
27
15
16
65
27
32
41
30
22
By CHARLES D. MICHAELS.
Chicago Tribune-Omaha Bee leased Wire.
Chicago, Dec. 14. Trade in wheat
was not large and mainly of a local
character. With moderate selling,
the undertone was heavy end the
close well toward the bottom, with
net losses of 11 l-4c on the old
crop deliveries and 3-8c on the July.
Corn sold down to 46c for December
and closed at the bottom, with loss
es of l-45-8c, while oats were l-8
l-4c lower and rye otf l-Bc.
Movement of wheat prices was
very erratic, within a range of 1 3-8
1 7-8c, the latter on December which
went to a wider discount under the
May, closing 3 7-8c under the de
ferred deliveries as the result of a
slow cash demand and sales of 1 50,
000 bushels to go to store. The
strength in the July was due to
further unfavorable crop reports
from Oklahoma, Kansas and Ne
braska, and the returns from the
latter state are now almost as seri
ous as those from parts of Kansas
due to drouth. ,
Bulges Nhort lived.
Bulges were short lived, as on all the
upturns there was increased pressure.
Strength In Winnipeg led to free buying
by shorts and the advance to tne nign
point of the day, but it lost Its influence
later, although Winnipeg December closed
at 494o under Chicago, against 6o under
the previous day. Reports that resellers
weae offering Manitoba abroad ivere re
sponsible lor tne uecune to tne insiae
figures of the day.
Milling demand for cash wheat showed
l'ttlo improvement and sample1 values In
all markets were lower, with premiums
at Minneapolis off l2c. Winnipeg.
however, was c higher, due to good
class of buying, and the Paclfio coast
was bidding strongly for grain in the
Interior.
Corn Closes at Bottom.
December corn was under pressure from
the start and closed at the bottom within
lo of the Inside figures of the season.
There was some buying by cash houses
to remove hedges sgalnst domestic sales,
but the export business was light in the
west, as buyers Tefused to bid tsp. Domes
tlo sales aggregated 185,000 bushels, with
receipts 426 cars and it is expected that
the movement will remain liberal for some
time to come. Primary arrivals will ag
gregate close to 10.000,000 bushels for the
week, which the trade regard entirely
too much (rain to b readily absorbed. n
view of the light outside trad. Sie of
150,000 huahet were made to go to lor.
Oat (gain failed to fully reflect the
decline In corn and closed only fractional
ly lower Bulk of the trad wss of
local character and the cash situation Is
such that outside Interest Is not attracted
Iomatia shipping demand waa fair, with
sale of 126,000 bushels. Receipts, J
cars, with sample value Vo lower.
Seaboard exporter wr after ry In
the west and local handlers sold 36.000
bushels. Futures war affected by the
action of wheat, but there wis fair buy
ing by house with eastern interest, and
the seaboard reported a good export de'
mind. Receipt, two car.
Fit Note.
It I said that a number of holder of
wheat who bought recently on the atatistl
cal situation are tiring. Continued liberal
arrival, with a disappointing export and
milling demand, have caused many to
weaken and gradually get out. Their
selling has a weakening effect on values.
Corn traders call attention to tha prl
mary receipt of 6.684.000 bushel the past
three days, compared with 2,200,000
Dusneia last year. .
Joseph P. Griffin, president of the Chi
cago Board 01 Trade, announced positively
today that he will not be a candidate for
re-election next year. Ha favors Robert
McDougal as his successor. The latter
was asked by a committee of three mem
bers to make the race and has taken t
under advisement, promising to give 1
reply on Friday.
Shortage of money has caused the gov.
ernment' Department of Agriculture to
announce suspension of publication of the
Market Reporter and an publications ex
cept thoae approved by congress by I)e
cember 1, 1921. The Market' Reporter
will ceaae publication after the Issue of
December 10.
New York Cotton.
New Tork. Dec. 14. The list sagged
In the cotton market today until the very
end of the session, when there was a
sudden firming and prices rose to a level
of 16 to 35 points net gain and closed
within a point or two of high.
The market opened 10 to 26 points bet
ter than its previous close, but eased off
until January was S poi s net lower.
Increased pressure was evident In the
afternoon. The late firmness resulted
when uneasy shorts, attempting to cover,
found contracts scarce.
New York Metals.
New Tork, Dec. 14. Copper Firm.
Electrolytic -Spot and nearby, 13 91
14c: later, 14o.
Tin Steady;, spot and nearby, 33.00c;
futures, 33.00c.
Iron Steady: prices unchanged.
Lead Steady; spot, 4.704.80c.
Zinc Qutet, East St. Louis ' delivery,
spot, 4.90 0 4.95c
Antlmeny Spot. 4.60c. -
November Cotton.
Washington, Dec. 14. Cotton con
sumed during November amounted
to 526,610 bales of lint and 53,257
bales of linters, compared with 332,
712 of lint and 34,827 of linters in
November last year, the census bu
reau announced today.
Cotton on hand November 30, in
consuming establishments amounted
to 1,648,216 bales of lint and 152,840
of linters, compared with 1,118,418
of lint and 223,613 of linters a year
ago, and in public storage and at
compresses 5,271,541 bales of lint and
176.689 of linters, compared with
5,100,978 of lint and 340,137 of linters
a year ago.
Imports during' November
amounted to 51,440 bales, compared
with 22,513 in November last year.
Exports in November were 648,695
bales, including 18,555 bales of linters,
compared with 683,323 bales, includ
ing 2,501. bales of linters, in Novem
ber last year.
Cotton spindles active during No
vember number 34,387,008, compared
with 31,700,014 in November last
year.
f,
New Tork GeneraL
New Tork, Dec. 14. Flour Steady;
spring patents, 18 607.00; soft winter
straights, S6.50fj)6.80; bard winter
straights, 88.00(6 6.60.
Buckwheat Easy; American. SI. SO
asked.
Wheat Spot, easy: No. 2 red. SI. 24:
No. 2 hard, 31.23; No. 1 Manitoba,
SI. 20, and No. 2 mixed durum, Sl-09,
c. I. f. New Tork, all rail.
Corn Spot, easy; No. 2 yellow, 65c;
No. 2 white. 66c and No. 2 mixed, 64c.
c. I. f. New oYrok, all rail.
Oats Spot, barely steady; No, 2 white,
46c.
Other articles unchanged
Uberty Bond Price. '
New Tork, Dec. 14. Liberty bonds at
noon: 3s. 96.60; first 4s, 97.10 bid;
second 4s, 96.86; first 4V,s, 97.40: second
4s. 97.10; third 4s. 98.08; fourth 4s.
07.40; Victory 2s. 100.2; Victory 494s,
100.
Liberty bonds closed: 3s, 95.S4: first
4s.. 97.10 bid: second 4s. 96.86: first 4s.
97.30; second 4. 97.00; third 4, 98.18;
fourth 4s, 97.32; Victory 89s, 100.92;
Victory 4 94s, 100.04.
Cattle With a tolerably liberal rn or
rem Wliitly the market slowed up
stain and hot h beef steer and cow n
t prices ranging from steady to I04UO
lower lhan Tuesday. Plain, heavy raid
uttered iiiiut ami both local parkera .ml
shipper were pari In I to th yearili: and
rhnii heifers. There was no very urgent
demand either from rockers and shipper
owing lo the unc.italn strike conditions
nd general undertone to th market an
rsther weak than otherwise. Mlmk cattle
an. I feeding steer wvr In limited supply
and active demand at steady to strong
prirea,
Quotation on Cattle; Oood to ehol.t
beeves, ST 00O. 16; fair tu good beeves,
S 1547.00; common tu fair beeves ft i
j 10; good to choice yearllugs, II 004
9 60; fair to rood yearlings, Is 50?.76;
common to fair yearlings, l 6049 60;
jo4 to choice heifers, $,2utf 7.00; fair to
good heifers, S6 00M.S6; gnod to chnlie
cows, 11.11. 4 6; fair to good rows. U k'l
4x4 36; common to fair rows. S3OO0S.2S:
good 10 choice feeders, IfclOtfttO; fair to
good feeders, 15 4"(f6 86; .common to
fair feeders. S4 75W6.16; good to choice
stuckers, SS fief 76; fair to good
stnekers, S5 76f 26: common to fine
stnrkera, S6 oofj 6.110; stock hrlfers, 84 IM'jji
6 25; stock rows, S3 26gr4 0P; stock ralvee.
S4.604J 7.6ii; veal rsivea. j iom 11c; miiir.
stags, ate., 13.7604.76; good to choice
grass beeves. S 75 46 60; fair to good
grass beeves, SA OOfi 6 0; common to fair
grata beeves. S4.6iii85.00.
BKEF 8TKKR8.
No.
:...
1
20...
36...
84...
9...
AV.
,. 721
... t:t
..1MI7
..1073
,..126
.. 9.13
P..
6 75
70
7 00
T 30
T 80
I 00
No.
30..
16.,
18..
1..
6..
Av.
...IMS
... 934
.136
1143
1162
Pr.
60
Te
7 !0
T 4il
1 7S
27 946
7.
11..
.... 144
,...1118
.1004
. tfl
,.1410
. .1930
360
130
STEERS AND HEIFERS.
10 912 6 85 i S3S I 2S
COWS.
3 26 23 97S 4 10
4 25
HEIFERS.
4 36 ; 7(3 S !5
00 29 SOS . S 25
BULLS.
60 2 1456 I 75
4 00
CALVES.
6 60 S...... 41 I 00
7 00
STOCKER8 AND FEEDERS.
17 676 6 76 7 til I SO
15 96 00
Hogs Receipts, 9.000 head. Th market
today fully steady with yesterday show
ing some strength early of choice light
weights for shipper demand. After these
order wer taken care of the market'
became alow and (ale hard to does with
sellers holding for steady prices. Light
hogs sold from 36 40S.S with a top
of Id. 70. Mixed went at .0nff.S5 wltn
the heavy weights selling down to 5.00.
Bulk of sale was S6.25O6.60.
No. Av. Sh. Pr. No. Av. Sh. Pr. ;
57. .373 330 b 00 80. .210 40 25
73. .215 ... 9 40 68. .236 40 44 !
63 .213 ... 6 60 64. .217 ... S 63 I
80. .217 40 6 60 32. .180 ... 6G i
37. .184 ... 6 70
Sheep Receipts today. 0.500 head. The
fat lambs market was active again today
showing an advance of 25035c above yes
terday's market, packera being active
bidders and paying the top price of S10 60,
fair to good lambs sold from S9.764J10.25.
Feeders were steady and are quoted from
S9.OO09.6O. Sheep showed some strength
today several lots of good ewea selling
for S4.76.
Quotation on sheep: Oood to choice
fat lambs, $10. 26 10.60; fair to good fat
ltimbs, S9.75gilO.26: good to choice feed
er lambs, S8.5OiS9.50; fair to good feeder
lambs, S7.508.50; cull lambs, 16.26 f '
6.25; fat yearlings. S6.00O7.60; fat weth
ers, 11. 50O6.25; tat ewes, light. $3.00 fe'
6.00; feeder ewes, S2.75O3.50; cull ewes,
S1.00O2.50.
f4 Writl ftr Our WEE tOOKt Ot
MUNN 8tCO.
Toner Bulldlnf. CHICAGO. ILL.
Sdentllto American Bldg., WASHINGTON. D. C.
. Woolworth Building. NEW TORK -
Hobart Bldg.. SAN FBANCISCO. CAT
.11794 116 117
30
.. 33
.. 35
.. 62
.. 3194
CO. 7
70
Corn Prod. R. Co. 93
30
33
33
48
31
7
69
92
30
33
35
61
31
7
70
93
49
4694
16
28
69
39
27
27
15
15
64
28
32
41
29
22
116
30
48
3194
7
69
93
Lob ilon.
15. is.
Electrolytic 74.
Tin 1170. 2s. d.
Lead 25. 12s, d.
Zibc 124. 17s. d.
loadon Metals.
Dec 14. Stsndard
Copper
Chicago Poaltry.
Chicago. Dec. 14 Poultry Lv,
changed; fowls. 140:2c; springs,
turkeys. S7c; roosters, 15c.
21c:
Kinnt
December,
94e.
Corn December.
tjoly. 47c.
Kama CKy Orala.
City. Dec. 14 Close Wheat
9Sc; May. S !.; July.
SSHe: My 4S.c:
Nat. E. Stamp.. 40 40 40 41
Famous Player .. 79 78 78 .78
Flak Rub. Co. ....sl2 10 11 10
Gen. Elec. Co. ....142 140 141 142
Oreat North. Ore.. 31 31 31 31
Gen. Mot. Co 11 11 11 11
Good. Co 38 37 37 37
Internat. Harvest . 83 83 83 83 .
Am. H. A I... pfd. 61 59 61 58
U. S. Ind. Al. Co.. 40 39 39 40
Internat. Nickel .. 12 12 12 12
Internat. Paper Co. 64 53 54 63
Island Oil 2 2 2 2
Aajx Rub. Co. ... 1994 16 18 19
Kelly-Sprinfr. Tire. 43 43 43 42
Key. Tire & Rub.. 14 12 14 12
Int. M. M".. com 14
Internat M M pfd 66 . 64 64 66
Mexican Pet'leum.122 119 119 121
Middle State Oil. 14 14 14 14
Pure Oil Co .... 39 39 39 29
Willys-Overland . 6 6 6
Pacific Oil 47 46 47 46
Pan-Am Pet. Tran 57 (6 67 67
Plerce-Arrow Mot. 14 14 14 14
Royal Dutch Co .. 6 62 62 51
U 8 Rubber Co... 56 65 66 65
Am Sug Rfg Co.. 64 63 51 54
Sinclair Oil. Rfg.. 23 22 23 23
Sears-Roebuck Co. 66 65 66 56
Stromberg Csrb....S3 33 33
Studebsker Corp.. 81 SO 80 9094
Tob Pdct Co.... (1 69 40 19
Tran-Con'tal Oil. 11 11 11 11
Texas Co 47 47 47 47
U 8 Food Pr Corp 11 10 10 10
Union Carbide ... 44 44 44 43
White Motor Co. 39 39 S9 40
Wilson Co. Inc.. 28 2S 24 28
Western Union 92
West'gh'se El. Mfg 61 60 50 50
Total sales. S65.300.
per cent; Tuesday's
Tuesday! close,
Money Close. 4
close. S per cent.
Mark Close, .0067
.4059.
Sterling Close, 24.18; Tuesday' close,
14.1.
Terpen tine and Rosin.
Savannah, Ot., Dec. 14. Turpentine
Firm, 74c sales, 1"9 bhls. ; receipts, 2tS
bbla; shipments, 114 bbls.; stock, 12,682
ebls.
Rosin Firm: ealee. 1.282 csks; re
ceipts, 1.1:4 casks; ahlpments, 22i casks;
stock. 1,S casks,
3uot: B. D. E. F. O. H. 1. S4.9": K.
S4 ; if. Si.20; K. Si.Sej TO, S5.S0; WW,
S5.75.
f. Levi Grain.
St Lonls Dec. 14. Wheat December.
Sl.7 hid: May. 1.9 bid.
Corn December. 44c; May, 11 061
asked.
Cat December. 21 e bid; Msy. SSe
old.
for
GraSui Stora
Grain Dealers
and Producers
ilJR Omaha and Council Bluffs terminal elevators
are open to the public for storing of all kinds
of grain. In case the producer is properly equipped
it, of course, is cheaper to keep the grain in storage
right on the farms. However, anyone wishing to
store grain who is not equipped to hold it on the farm
can take advantage of terminal market storage.
Storage charge in our elevators
is V30 of 1 cent per bushel per day
or 1 cent per bushel per month
And This Charge Includes Cost of Insurance
To Prnfiiirpr: Yu can make arrangements with
iu rrouueers. Y0UR L0CAL DEALER to have
your grain handled through him and stored with us on the above basis.
4
The Updike Grain Company
The Reliable Consignment House
OMAHA NEBRASKA