lead of Reserve Hank Says Talk of Room Is Idle uithorilifi ,pre That Jlc tival Mut He Gradual Forre Cillatie in SiiJ t!n IVocirrity. By HOLLAND. VI.i! nutty coirprtem uthoriiir ' predicting a revival in industry uj inercanttlt tmx'iirt brfort the rerut year end, yet it ii ohervl tut none r( lhce luthoritics are villing t mv tlut anythinB Ike a own in industry will be under way. Ml ilie auilioritiri agree tint it Hill e the littler part fr induttry and nninirree t make lute slowly. A udden boom would surely he fol- owed by collapse. Governor Norri i the Federal Reserve bank cf 'hiUdclidiia. in ait addre recently idivrrcd. Mid tlut it k idle for ny. hip to l.mk forward, a many are tow doing, to a great btiine Ihwhii ii the nri-ornt vear. He also calM (ttt-ntiwn to the (act tlut every boom mod in Ihimiich m Marled by ome event which, came tmddrnly nid unforteen, but hTciiablc in it nflutiue in Marling bn-me. tit ,ard. liovcrnor Norri fortified this utctnriit by a lew facts winch are ioiv historic, lie ioke of the uoom vears which briran just before the presidential election o( IW40. Kn ot v looked for that sudden chance. Nobody could have foretold that here ttou t re two meaiicr crops in Kurope and iwo bumher crop in the I uited Mate in that period. 1 tie American fanners had products m plenty to hell, whereas F.urope. on die other baud, was in need ol them uid therefore was compelled to pay high prices for them, and thus began the sudden outbreaks of great pros perity, not checked until 1HS4. K.n riee Mi'Klnlr wsa sloeled irel- rf. ni in Its llior benii a nuililen period or prnenerlly whl.-h wm milium imrsllel. ami whlrh rnnlinued fur en ynri. ana ei 11 dua to somethliis; unforeseen. War BUrted .trlMly. All who ara now llvlnir will atwaya re- Hiomlirr the; uililin ontburt or over whelming indiuirlal ami commercial ac tivity which besn In 19U. A yfar or two esrller aoma depression had prevailed and Industry waa looking; Into Ilia future will animus yrn Suddenly Ihe Kuropean war beienn and It waa tha iota Influene which tirouaht on a veritable whirlwind ol In iliiMrHI and cnmmenisl development, whl(-h lasted nearly aix years. 811 Governor Norrls presumes that ir there dnea enma within a year or two Industrial artlvlty whhh may be fvnr nblv coninarej with the Huallun which heran In 181S. ihe chanroa are that It ' will be dua to aume lnducnca ahli-h no ona HO'T loreseei. Teonla Now Havinr. 11 I nr. 11 cutiiiituca in j'.'-i ii in hii 'of tha United Statu and ona of tha heat ; avldencea of It la furnlihed by tha fie ' urea which tell what the total deposit in Vnfted States postal savlnas ware on J February 1. These deposits were In tha i HKcroKata a. little under 1150.000,000. j This large sum represent small Individ ual deposits made ironi time to time. ! I he postmasters In the United States have teen persuaded to call tna alien i tlon of all who live within their postoffice districts to tha advantage which will be' gained by frequent purchases, each one of amnll amounts, of these postal savings certificates. The postmasters as whole have followed this policy, -iney have been engaged In honorable propa ganda and reasonable, publicity and mis explains In part tho favor which tne oubllc. whose savings at any one time are small., regard the opportunity which the government now gives to Invest these savings In government securities. Some of the little towns show large Increases. Barre, Vt., to take a single example, is a town where the chief industry la the wurklnc of a large ouarry. It la a small town. Its population Is only 10, -u, jet the workmen In the Quarries there Increased their purchases of postal sav ings In a single month by su.uuu. ini little town of Colgate, Okl., Increased its deooslts bv J16.000. much of it repre senting savings from the wages received by those who work In the oil fields. Will Repair Leviathan. The Leviathan, greatest of ocean steam ships, large enough to contain the popu lation of a town, 6.000 Inhabitants, has been moorel to a dock at Holoken oppo site New York city, since the govern ' ment took this vessel over from the Ger mans. Some good authorities in the field of steamship activities have been in clined to think that the government will find the Leviathan an elephant on its hands. The government ia going to learn whether' that he true or not and it is willing to spend some 18,000.000 In mak ing the discovery. In a little while the Leviathan will swing away from her moorings anil will be sent to Newport News, her gigantic engines and boilers furnishing the steampower. Not until March 1 of next year will this giantess of tha ae be ready for her first ocean voyage since the outbreak of the war and as many as 2.000 skilled artisans will be employed In making the needed repairs. New York Toffee. Nsw Tork, March 4. Bullish advices from Brazil failed to stimulate any large volume of buying in the market , for cof fee futures here this morning, but im parted a generally steady or firm tone to prices. There was soma scattered re leasing at the start, but after opening 3 points lower to 3 points higher active monihs aold 1 to 4 points above last night's closing quotations. May advanced to 8.72c, making a re covery of 30 points from the low level of Wednesday. The official cables show ed continued firmness in the primary markets which private sdvlces attributed to renewed tuying by government inter ests, a better demand from Kurope and firmer exchange rates. Closing prices here were at about the best, the market be ing net unchanged to five points higher. Sales were estimated at about 11.000 hags. Closing quotations: March. 8.62c; . May, .7Cc; July. 8.74c: September. 8.79c; October, 8.80c; .December, 8.81c. Spot Coffee Firm; Rio Is, 9c; Santos 4s, lS13i4c New York Cotton. New Tork, March 4 The tone was barely steady with week-end evening up in the cotton market today. The gen eral tendency was toward a somewhat lower level, due to the Influence of pro fessional selling and the lack of new demand. Buying from spot houses and local shorts was hardly enough to ob sorb offerings. The list sold T to 10 points off early In the short session. In creased selling from weak-kneed longs waa met in the last hour and the mar ket dropped to new low levels for the aesslen, 10 to 23 points off. Business waa a. bit more active on the way down. Final bld were around the day's low est level. Spot, quit, S3 points' decline at 18.30c for middling upland. Southern spot markets were: Galveston. 17.65c, 20 points decline; New Orleans, 16.75c, 25 points' decline; Savannah, 17.60c, 13 points' decline; Memphis. 17.60c, unchanged; Houston, 17.55c, 20 points' decline; Little Rock, 17.20c, un changed. ' New York General. New Tork, March 4. Cornmeal Steady; fine while and yellow granulated, S1.30ei.e- Wheat Spot weak; No. S red and No. 1 hard, 31.47; No. 1 Manitoba, 31.64. and No. 1 mixed durum. (1.41 c. i. f. track New Tork to arrive. Corn Spot weak; No. 2 yellow and No. ) white, 76c. and No. 2 mixed. 7Hc, o, i. f. New York all rail. Oats Spot essy: No. 2 white, 49c. Lard Easy; Mlddlewest, Ji:.iCg i:.$. . Other articles unchanged.. THE gumps r:ur;: COtOK IUV SttK I LOVE THE COWS AND CHICKENS Drawn for The Bee by Sidney Smith Tilllv of Polities During I Via, vt N'T bOl 9 tlfOBt V I CITT" tVt 60T TO UtT 0 JSji 1 81 Tt COUN1H- 1Y ' Ull PiHUI Vl , tO it COCK- I trOfTT N0W HOW I ?tt - IL U ailW V I lulj. VMt 1H lWH OUT Tt J 8 A0 TVU H"! I J I tWWT .t VHT TWtT VMft )' ,W vl HiuMt ff ) 1 J ,l"u fl WHlln K, UtntMi ( at X VM hi oT twiT m Owvi tH 1ttMj )! Kt.CM- hi 1V j- vrocH- r V , ,i TT' "l . " Lii 11..la Kill It. TtrUUelU II Slop iii Chicago rtnitfr (laltiiitl Mfitilttr !, mfH Wliat Mijilit lldi nt Nt'Nt iNatitni.il Comrntiiiit. Trade Review New Tork Dry Goods. " New Tork, March 4. Cotton goods were Quiet today. Print cloths in wide construction were easier. Yarns were quiet, with a firmer trend and sheetings were firm. Wool goods were quiet with a more noticeable demand for ataples. Buriapa were quiet. Linens .have been re Tised on plain cloths in primary produc ing market. New Tork Dried Fruits. New Tork, March 4 Evaporated Ap ples Firm. Prunes Firmer. California, ttrUc , Apricots Scarce. I'eaches Active. Raisins Quiet, but study. (Sly K. ii. Stuns) .) The rummerrial itustlon I changing for the In-llir. iialne do Dot rem other than nlooly and irregularly, but ronatruc llve forcei are netting greater Influence, "it the general feeling I more cheerful. Ifuaifti'Mi depends aa largely upon nn ment that the present hoiM-ful especia dons are !inrii ni, and Ihey are being reiirrtrd In preparaluma for inerrased tiltira In ditferent quarters. The easier ttioney rondiiioiiM, the recent rlae of aet-ur lliee niaikeia and uf foreign etctiehge, and the nharp advance of grain prim ruulil is reel y have failed to atrengihen confideiiie, and there la now rather inure of a ilitpusition to undertake deferred roniinitiueiiiH. Jtesponne to me higher prices un farm pioducte has appearril In a somewhat broader dutrihutlun uf mer ihamlise In Ihe west and part of the south, while operation are eipanding In certain menufu. turlna lnduiri" as buy ing lo repirtiiHri tlepieteil supplie tlevrl op:i. The lad that purchaaihg la alill mainly to cover nearby and well-defined needs lenda to qualify Ihe reports of Im proving businese. but potential require ments are larger and atocka of gonde have resell Ihnroughly liijuidiiled In inuat insianci-s. While price unseitli-ineiit ron linuea to che-k demands In some chan nels, many cointuudttlea have been ao re duced In real lhat further Important lie. rlluea are not likely to be wnneaaed, and I'lin'a Imt of whnleaale ijuolalton demon alrales lhat the. movement In various lines la upward. Following many munlhs uf readjustment, it la not to he anticipated (list commercial revival will be rupld or uniform; but evidence multiplies that Ihe trend is now In the right direction, de spite the many existing obstacles, Smaller Number of Failure. Following precedent, business fallurea decreased In number during Ihe ehort month of February. After defaults had risen to tho highest point In euveral years In January, with a total of z,in, there came a 14 per cent reduction last month, when 2.3J1 Insolvencies w-ere reported. Kven with this Improvement, however, the February fallurea are tho largest In num ber, excepting thoao of January and lent December, of any month since the begin ning of 1916, and the liabilities coii'lnue much above the average. Thus, the Feb ruary indebtednesa of S72.6O0.O00 is only about Sl.oou.ouo less than that of Jan uary, despite the fact that there were nearly 400 fewer defaults last month, and last December marked the only other month in which so heavy an amount has been Involved by the commercial Insolvencies.- An unusual number of broker age failures featured the February eta'is tics, and the defaults for 3100,000 or more in each Instance which occurred In dif ferent lines of business supplied nearly 65 per cent of the aggrogate liabilities for the month. Nteel Trade (lain Continue. February closed with encouraging gains recorded in Iron and steel circles, and a new month has opened with the promise of continued improvement. The Industry as a whole, is now producing ateel at about a 66 per cent rate, with the lead ing interest operating at 60 to 65 per cent and Indications multiply that consumers' needs are pressing. Most of the recent buying, however, has been for replenish ment of depleted stocks, there being little forward contracting, and fresh price weakness has developed. With stable prices, business would probably be of larger volume, as numerous orders are being deferred pending more settled con ditions. Yet purchasing by the railroads is again a conspicuous feature, one system taking 20,000 tons of rails, and automobile concerns and agricultural implement manufacturers are more actively In the markets for supplies. Farm Implement Outlook. Reports on farm Implement trade con ditions are similar in tenor to those that have come from many different branches of business during the last year or more. A special survey of the situation made through correspondents of Dun's Review shows clearly that agricultural lmple- j ments, ltke most other products,' have been in restricted movement, and that prices have declined appreciably. The curtailed purchasing power In rural sec tions has affected this line adversely, limiting buying of new equipment, and the volume of sales has been consider ably below the average. With a number of constructive factors developing, How ever, the outlook for the current year is more promising. One of the most impor tant features in tnis connection nas oeen the recent sharp rise in grain prices, whjch has strengthened the position of farmers, and Indications point to an in creased demand for Implements and ma chinery In the future. -'Dry Good Demand Broadens. The near approach of spring is having a stimulating effect upon dry goods busi ness. Demand for wash fabrics and lightweight garments has broadened, and western buying, although still restricted, is becoming more, confident. The more satisfactory prices on farm products have tended to improve the tone of trade In rural communities, while more encourag ing reports also come from mining and lumbering sections. Purchases by both wholesalers and retailers, however, con tinue conservative, with operations us ually limited to deliveries within 90 days, and resistance to price advances is mark ed in all quarters. Labor troubles in New England, affecting production consider ably, remain an adverse factor. Hides Quiet. Gains in some Important branches of business are not being duplicated in the hide trade and allied lines. Dullness in hidea has continued for many weeks, sizable operation occurring Infrequently, and prices are down about 2c from the previous top level. With shoe manufac turers and other buyers of leather limit ing commitments close to actual needs, tanners are taking raw material sparingly, and holidays In South American markets this week tended to further restrict de mand there. Despite curtailed produc tion, stocks of leather are still accumu lating, while a slow retail distribution of footwear last month brought lower prices In many instances. Factories mak ing novelty shoes are busy on Easter orders, however, and there is expectation of improvement in general conditions as the season advances. Failures This Week A considerable Increase is shown !n the number of failures this week In the United States aa compared with those of last week, according to the reports re-, celved by K. G. Dun & Co. Last week contained but five business days which partially accounts for the wide spread with this week number of insolvencies. This week shows a total of 629 insol vencies as compared with 478 defaults of last week and 311 fallurea for the cor responding week a year ago. More fail ures are shown In this week in each of the four sections of the country. Of thi3 week's total number of fail ures 598 had liabilities of $5.00 or more in each instance, which is equivalent to 63.3 per centf of the total number. Last week there were 339 similar insolvencies and the ratio was 70.9 per cent, while during the ame period last year the de faults with liabllitlea of S5.000 or more numbered 169 which was 64.3 per cent, of the total number. Aa Increase la also shown In the Cana dian failures this week over those of a week ago. In Canada, both week had the fuil number of businesa days. This week there are 99 failures, while last week, 89 were reported and during the same period in 1921 only 31 Insolvencies were shown. Those with liabilities of 35.000 or more number 46. white last week there were 36 similar default. Kansas City Produce. Kansis City, March 4. Eggs Un changed; firsts, Iic. Buttei Unchanged; creamery, 40c; parking. 15r. Foultry rtena, ic nisuer; springs, uu changed, 25c. Financial By ALEXANDER DANA NOYES. Omaha, Ilea) I-tmh Mire, Xcw Yotk, March 5. The muve. mriit.i ol particular iutrrfst in the lat wffk' market, wer the de cline of h l--'c in sterling altrr reach ini;. on Wednesday, the season' Inch level of $4.44 J-8; the reaction of 7 1-8 tents tier hiiohel in wheat after reach ing on Monday the ccason's high level of $1.4'J"-8; the continued rise in prices for investment bond and an advance in the stock market, varied by occasional downward movements hut nevertheless con stantly resumed will increasingly active trading. The reaction in the foreign ex change and grain markets. was neith er illogical nor unexpected. It was hardly nccassary to bring tip Uoyd ficorgc's threatened resignation or the better growing weather in the winter wheat htjt to explain them, for the very extraordinary rise in the last two months, amounting to 27 cents in sterling and to 42 cents in wheat, had created a speculative following whose realizing sales were bound to reverse the movement tem porarily. Ilond Market Marvel. In some respect the bond market re ma ins the marvel of tho financial situ ation, though It Is alwaya to be remem bered that even the great advance In price which ha occurred since June. 1921. has not brought the average of domestic bonda to tho level even of arml atlce week and that prices for high grado foreign loan have scarcely yet been adjusted to the fall In the general cost of money. The stock market, the un doubted underlying strength of which ia plainly visible notwithstanding all the at tempts at forced and artificial rnsnipula- tlon by the restless "pools" and "syndi cates." has Its basis In tne general sense that business Is slowly but ateadlly Im proving. There have been many puzzled 'tn nulrles as to how a Btock market could reasonably advance with two such Influ ences agninst It, aa the long list of Wall street broker failures and the congres sional performance on the soldiers' bo nus. Tho answer is not difficult to find for those who know the facts. The series of proposals by Mr. Fordney and his com mittee colleagues to upset the public fi nances because of a threat that the sol diers' vote would he cast against them in November, have thus far defeated there selves by the farcical character of the committee's successive recommendations. Little Fear of linnus. Last week's plan, through forced dis counting of government paper distributed in some billions of dollars to the sol diers to drive the banks and the federal reserve bank to tho swollen outstanding credits of 1919. is expected by cool-headed financial observer to follow, tho rest of the amazing suggestions of this same committee. With the administration's policy defined, there is little serious be lief on the market that bonus legisla tion can possibly find Its way Into tho statute honks. The Wall street failures make up a very singular episode. On most occa sions In the pant, suspension of 25 or 30 houses almost within a month would cer tainly mean financial trouble. Therefore, the first unusual fact about the matter Is the composure with which -the an nouncements were received in l.a.iking and financial circles. Wits r.i large a number of defaults, there have undoubt edly been different causes. But it is generally known that at least the bulk of these suspensions represented collapse of Illegitimate enterprises not organized on the basis of buying or selling securi ties on commission for the customers, but of taking the customers' purchase money, usually In partial payments, un der the pretense of executing his order, and then not executing it. trusting that an opposite movement In the stock mar ket would enable the broker to obtain the stocks for less than the price paid the customer. Omaha Produce Furnished by state of Nebraska, de partment of agriculture, bureau of mar ket and marketing: LIVE POULTRY. - Wholesale Wholesale Buying Pr. Selling Pr. Stags 30.16S0.20 $0.23 JO. 25 Springs .20 .16 .26. .26 Hens (light 1T ,21 .230 .25 Hens (heavy) ... .20101 .21 .25 .27 Cocks 12 .13 .16 .18 Ducks .38fi .22 .25 .26 Geese lfiS .18 .20 .21 Turkeys 25 .33 .30 .36 Stags .. Springs Hens ,. Cocks .. Ducks . Geese . . Turkey DRESSED POULTRY. .25 .26 .25 .20 .29 SJ .35 .45 EGGS. Select No.' 1 , No. 2 Cracks Case count t.00 6.30 BUTTER. Creamery, prints Creamery, tub Country, best 19 .20 Country, com 17 Butter fat, S. Pr. .27 HAT Prairie No. 1 upland.... No. 2 upland..., No. 3 upland. .24 .22 .22 -29 .27 .24 .20 .30 .50 .27 .26 .24 .24 -23 ..310.5011.00 s.bUWltuie 7.00 8.00 No. 1 midland 10.0010.50 No. 3 midland.. No. 3 midland. No. 1 lowland.. No. 2 lowland..,. Alfalfa, choice... No. 1 Standard No. 3 No. 3 Oat straw Wbat straw.,,.. 8.50 9.60 7.00 8.00 8.00 9.00 S.00 9.00 .. 1S.BO19.60 .. 16.5018.50 .. 14.0016.00 .. ll.5013.CI0 ,. 10.0011.00 ..' 8.00 9 00 .. 7.00 8.00 S14.0014.60; feeder Iambs, S13.0013.85 cull lambs, J10.0012.00; fat yearlings, light, S12.5013.00; fat yearlings, heavy, S9.5010.60; fat wethers, $7.759.00; fat ewes, light, $7.508.60; fat ewes, heavy, S5.507.00; feeder ewes, S4.O06.60. Chicago Live Stock. t Chicago, March 4. Cattle ReceipTs, oOO head; compared with week ago. beef steers mostly loo higher with spots on good kinds up more and extreme top for week 39.40: better grades fat cows and heifers. 2540c higher; lower grades, canner and cuttera, 1015c higher; bulls steady: good to choice stockers - and feeders steady; common kinds dull: veal calves aharply lower: mostly SI off. Hogs Receipts, 6, 000 head; uneven; mostly steady with Friday's average; shippers bought about 3,000 head: hold over light; top, 311.35; bulk, $11.00 11.25; pigs slow. m Sheep Receipts, BOO head: compared with week ago fat lambs and yearlings, 25 to 60c lower; sheep about 25c lower; shearing Iambs, steady. Sioux City Live Stork. -Sioux City, la., March 4. Cattle Re ceipts, 300 head; market steady compared to a week ago; killers, 2550c higher; stocker strong. 25c higher; fed steers and yearlings, 37.259.00; warmed up fed steers and yearlings. S5.007.00; fat cows and heifers, n.5')ir 7.no; canners, 33.090 4.25; veals, S5.0010.00; feeders, 35.00 7.25: calves, 34.507.50; feeding rows and helfera. S3.60e5.60: etocker. S5.007.00. Hogs Receipts, 4.600 head: market steady: butchers, Sin.to10.75; lights. 510.7iin.K5: hesvy mixed, S10.Z5eiO.on; heavy packers, S9.0n?9..'O: western pigs, $11 50; native Pigs, $:0.610.i5. Sheep Receipts. 300 head: market 25e hlsher comnnre.1 to a week ago: bulk nf mlM SIP firt 10 SO: laiiilii. dOifiTac i t90c Young Southern Carrots. SOc. l'oung ', lower: sheep steady. FRUITS AND VEGETABLES Fruits Bananas, 7',igo lb. Oranges, size 216 and larger, $5.507.00; size 250, S5.507.00: Size 288. $5.756.50; size 324. $5.506.00. Lemons. $6.007.50 box. Grapefruit, $3.505.00 crate. Apples, ace to grade and size: Delicious, S3.00fJ4.75; Rome Beautlea, $3.003.50; Stamen Wine sap. $3.253.76; Common Wlnesap. $2.75 64.00; Spltzenberg, 33.2564.00; Black Twig. $3.004.00: Ben Davis, $3.00; Ort ley, $3.603.25. Figs. 24 pkgs. 8 oz., $2.25; 12 pkgs. 10 oz., $1.50. Dates, 36 pkgs. per box. $6.76; Hallow!!. 1416o per lb; Ex celsior. 36 pkgs., $3.00. Vegetables Potatoes, per cwt.: Neb. Early Ohio No. 1. $2.003.15; Neb. Iriah Cobbler No. 1. $2.002.15; Red River Ohio No. 1, $;.!52.60; Colo. Brown Beau ties. $3.60; Idaho Rurais. $2.60. Sweet Po tatoes, $1.752.0 per bu. Celery, $1.26 2.00 doi. Head Lettuce, $5.266.50 crate. Leaf Lettuce. 5576c dox. Red Onions. 9 10c per lb. Tellow Onions. S10e per lb. Spanish Onions. $4. 2564.60 crate. Cauli flower, $2.50f.75 crate. Cucumbers, hot house. $1.003.7S per dox. Carrots. 2r SHc lb. Turnips, tQ3c lb. Parsnips, 39 3c lb. Beets. 2H4i3c lb. Cabbnee, 3 'a If 4 He lb. Young bnuthem Radishe. timilhern lleelf, .9l.. Tt.ueU (preuie, ;..c lb, Mull. .l ' do, l. rem rVl'pers, Jef 3o Ih Toun- Keutliern nniuna. Hue iliia, bum b'S. t'ailt, 4-W ,!., liuni'hes. Kilia Itleek Walnuts. r lb. tins'Uh IVainille, iueltie III, llratll, lre. washed, !: In. Ilrstit, medium w.iil, 14 (r M. III. l-eiana, li-. ::JD'-. Almeiiile. ark litis. : lb. I'ranut. Jumbo raw, l::'; Jumbo roasted. Millie; hand pick.!, raw. t Strive, hand-picked, rval !. Iltfl".e. linnet tin ran), ft franir to ease, ti.!V-u I'er rae IIIDKS AND WOOL. Tleef hides: Green s.lied. No. 1 (Isle take ofri. per In . Itffco; reen suited. No. 1 list lake iifO. per IN, 4-c; reen In.lee. No, I Hal take ofri, per lb., Jl 4t; creen hides. No, S (Ule ink off), per lb, in if. green aalled (old slock). pr lb.. :'. (teen sailed hull hld-e. No. 1, per lb., 3". green suited bull hide. No. t, per lb.. Sc. Il irse hides; Lame, earn, S; 50; me dium, earn. I.'O"; small, each, fl.SO; pony and (lues, 7!icijtl.vu, Sheep pelts: (ireeri salted, as In aU and wool, each, toc4) SI. no; aheirllngs, reirn vailed, to Ue and uo each, 6c ii ?nc. Won! Choli-e fine and blood, per lb.. ?0'tt;6c; medium or H blood, per lb, l2lc; low and blood per lb.. Hit 17c: burry wool, pee lb., ao. Wholesale prices of beef rut nre as follows: No. I rib-, 2&c; No. x rib. Sir: No. S ribs, 19c: No. J loins, JTc; No. $ loin. SSi'i No. 3 buna, :iv; .No. 1 round, lie; No. J rounds, 17c; No. 3 rounds, I4"c: No. 1 chucks, iav-o; No. S chui-k. In.-; No, 3 chucks, k'-c; No. I Plate, c; No. i I'lates, oe; No. S plates, 4c, Live Stock ! Omaha Gram fi.2S4 Rerelpt were Offlclal .Monday Official Tuesday. Iifhctal Wednesday.. 6,074 Official Thursday.... 4.11 Official Friday 3.190 Kstlmate Saturday... 700 Six days this week. .S5.99S Sam last week 30.327 Sams 1 wks. ago. ...29,933 Same 3 wks. ago. .. .30,830 Same Jeur ago. 29,073 Omaha. March 4. fnttle Hogs Sheep 7.'.5 B . :t o h 14.163 12.163 9.76S 10.246 6,800 61. 9311 65,787 69.0.19 73.114 76.566 6.929 7.626 9,254 1.714 1,777 260 28.347 40,463 60.711 49.687 38,436 Receipts and disposition of livestock nt the Union stockyards( Omaha, Neb., for 24 hours, ending at 3 p. m. March 4. 19J2: RECK I PTS C A R LOT. Horsn ami Cattle.IIogs.Sheep.Mls. -.. M. St. P. Ry.. 7 Wabnsh R. R 1 Mo. Pac, Ry 13 3 Union Pacific R. R.. i 27 1 V. & N. W. Ry., east.... 6 ., 1 C. & NT. W. Ry west 1 4:1 -., St. P., M. & O. lly... 9 .. ., C., M. & Q. Ry., east.. 2 1 C, H. Q. Ry., west 8 X C, K. I. P., west ... . I Total receipts 33 96 1 2 DISPOSITION HEAD. Hogs. Armour Co 247 Cudahy Packing Co 2,550 Hold Packing Co 549 Morris Packing Co ,, 690 Swift Co 1,120 .T. W. Murphy 1,0118 Swartz & Co 499 Total 6,759 Cattle Receipts 700 head. Cattle of all classes were steady today, most of the arrival being stockers and feeders billed direct to yard traders. One string of choice heavy feeders brought $7.76. The week's receipts have been Just fair, some 26,000 head, and general trend of prices has been stronger, gains amounting to 1015c on beef steers, 26c on cows, 25 60c on heifers and fully 25c on all kinds of stockers and feeders. In other words, this week's prices have been the high est of the season so far, steera reach ing a top of $8.60. Quotations on cattle: Good to choice beeves, $7.858.50; fair to good beeves, S7.007.75; common to fair beeves, $6.50 7.00; good to choice yearlings, $3.009.00; fair to good yearlings, $7.26fg)7.85; com mon to fair yearlings, $6.607.25; good to choice heifers, $6.757.60; fair to good heifers, S5.25(gi6.75; choice to prime cows, $5.90C.40; good to choice cows, $5.26 6.75; fair to good cows, $4.75&i5.35; com mon to fair cows, $3.00(ij)4,50: good to choice feeders, $7.107.15; fair to good feeders, $C.35if7.00: common to fair feed ers, $5.756.25; good to choice stockers, $7.258.00; fair to good stockers, $6.65 7.25; common to fair stockers, $6.00 6.00: stock heifers. S4.60ifi6 2:- ln-u cows. $4.255.60; stock calves. $5.507.75; veal calves, $36.00 10.75 ; bulls, tag, etc., Hogs Receipts, 6,800 head. The market was fair and active Saturday at prices mostly steady with Friday, some strength being noted on a few butcher weight hogs. Light hogs sold mostly from $10.7510.86, with a top price of $10.90; mixed loads and butcher weights, $10.60 10.76, and packing grades, $9.7610.50, with extreme heavies. $9'.609.76. Bulk of sales was $10.6010.85. The week Is closing with an advance over last week's closo of 5060c. HOGS. ivo. Av. Sh. Pr. No. Av. 50. .322 70 10 25 48. .252 51. .286 70 10 60 78. .249 70. .255 ... 10 70 70. .250 69. .219 ... 10 80 79. .224 74. .204 ... 10 90 Sheep and Lambs Receipts. There has been a good demand for fat lambs all week with the exception of one mid-week session when the demand weakened and prices declined 75c$1.00 Values held steady for the remainder of the week closing with a 75c$1.00 decline over last week. Feeders and shearing lambs are 3550c lower than a week ago with best shearing lambs quoted at $14.60. Sheep held fully steady closing weak with an advance of 6060c, best light ewes selling at $8.60. Quotations on sheep; Fat lambs, good to choice, S14.5014.5: fat lambs, fair good, $14.0014.6O; shearing lambs. Sh. Pr. .. 10 50 . . 10 65 70 10 75 .. 10 86 250 head. Onutu. March 4. Liverpool wheat closed Jid lower. The lliiiago future market, alter cpening at aliont unchanged price, turned very weak and td tliarply lower. Un this break Mv wheat suhl oil about 4c, July about 2VtC, v lnlc corn nold about 4c lower, and oat a about a rent lower, Th tit dine was caused by Rrneral com tuiasion lioiikc tcllinR and uncover in; of Mop-loss orders on the way down. I he market was given sup port around the inside figures and prices raillied, but the rally was Ice hie and Imal prices were not far front the bottom. Receipts in the local market con tinue liberal, arrivals of wheat being 2V car, corn 95 cars and oats 13 car, Receipts last year were sight ly l.irger; shipments of all kinds ot grain were 134 cars. There was a good demand for rash grain in the local market at pre vailing prices, which were generally lower. Spot wheat sold 2c to 3c lower, corn was generally 3c lower, oats Jjc to J.4C lower, rye 2c to 2'iC lower, while barley was generally unchanged. WHEAT. No. dark hard: 2 car. SI.SS. No. S dark hard: 1 car (smutty), $131; 1 ear (amutly), $1.35. No. 2 hard winter: St cars. $1.26: I car. St.S"; 1 car (smutty), $1.31. aeml dark. No. 3 hard winter: 1 car, t.!7; I ear, $1.30; 1 car (smutty), $1.32, semi dark. No. 3 yellow hard: 1 car, $1.26. No. 4 yellow hard: S cars. $122. No. 2 spring: 1 car (northern, ery smutty). $1.26. Sample spring: 1 car (dark, northern frosted), $1 42. No. 1 mixed: j car, $1.19. No. 2 mixed: 1 car (smutty). S1.1S; 1 car (smutty), $1.13. No. 4 mixed: 1 car (durum, smutty), $1.13. CORN. No. 1 white: 1 ear (shippers' weight), 6Ie. No. 2 white: 1 car. 6114c; 1 car, Sic; t car (shippers' weights), 61c. No. S white: 3 car (special billing), 60ie. 'n t vellow: S cars. 61c. No. 2 yellow: 19 cars, 61c; S cars (shlp pera' weights), 61c. No. 3 yellow: 6 car. 50 14c No. 6 yellow: 1 car, 604c. No. 1 mixed: 2 cars. 49 Vic; 1 car, 49o. No. 2 mixed: 1 car, 49Vjc; 1 car, 49c No. 3 mixed: 2 cars, 49c. OATS. No. 2 white: 1 car, 36c. No. 3 white: 1 car, 35 He; 4 cars, 55c, No. 4 white: 1 car, 3414c. No. 4 mixed: 1 car. 34c, RYE. No. 5: 1 car, 3c. No. 3: 1 car, 91 e. No. 4: 1 car, 90c. B A RLE 7. No, 3: 1 car, 60c. No. 4: 1 car. 68c. No. 1 feed: 2-3 car, 57c. Samo'e: 1-3 car, 65c. OMAHA RECEIPTS AND SHIPMENTS. (Carlots) PJan to Create Muscle Shoals Body Defeated Minority Mnnliers Iit-fuxe to Support Protiorial for Com-mist-ion Made hy Chairman Kulin of House. Receipts Today. Wheat 29 Corn 93 Oats 18 Rye 4 Barley 2 Week Am 69 92 15 3 7 Week Ago. 45 86 33 i Tear Ago. 62 86 17 4 Tear Ago. 26 46 8 Shipments Today. Wheat 34 Corn 83 Oats 16 Rye 1 Barley 1 2 1 PRIMARY RECEIPTS AND SHIPMENTS. (Busneir) Week Receipts Today, Wheat 858,000 Corn 1.564,000 Oats 546,000 Shipments Wheat Ago. 671,000 2,086,000 797,000 Week Ago. 657,000 1,446,000 646.000 Tear. Ago. 1,075,000 1,691,000 676.000 Year Ago. 616.000 954,000 508,000 Today. 431,000 Corn 1,200,000 Oats 606,000 CHICAGO RECEIPTS. Week Carlots Today. Ago. Wheat 31 29 Corn 292 342 Oats 94 83 KANSAS C1TZ KJSCBir-ra. Wheat 134 438 Corn 98 i Oats 11 15 ST. LOUIS RECEIPTS. Wheat 90 106 Corn 60 86 Oats 30 49 NORTHWESTERN WHEAT RECEIPTS. Minneapolis 325 137 390 Dllluth 45 24 40 Winnipeg 328 828 254 7ear Ago. 34 468 121 223 126 14 74 124 6 CHICAGO CLOSING PRICES. By Updike Craln Co. DO. 2627. March 4. Art. I Open. High. Low. Close. Yest. to Wht. May July Rye. May Julv Corn. I May I July Oats. I May I 1.45 I 1.454 1.4514 1.22 1.22 1.23 54 I 1.41 i.'i's's 1 l 1.0814 1 1.06 14 1 1.0414 .95141 .95141 .66 "4 ! .66 .68 .6894 1. I .41 .51 .4 3 941 July Pork May 121.20 Lord. I May 121.15 July I12.33 Kibs. I Mav 111. 40 July 111. 00 .6S14 ' Ws'il .41 21.20 I 112.16 112.32 111.40 In. 00 .9314 .62 ".ii" I .404 '.' I 21.10 ' I Ill.M 112.00 I Jit. 20 110.80 I 1.42 1.42V4 1.2014 1.2014 1.05 ".iii .6314 ..6314 .66 65i .41 '.42 I 121.10 I I 11.90 12.10 I 11.25 10.80 1.4614 1.4594 1.2214 1.22H 1.0674 1.06 .96ft .664 .6614 .69 .6914 "''.4174 '"3 21.26 12.12 12.30 11.45 11.05 St. Louis Livestock, Host St. Louis, 111.. March 4. Cattle Receipts, 300; compared to week ago: Reef steers, yearlings, beef cows, bulls, stockers and feeders. 25c higher; can ners. cows, steady; veal calves, 60j to 75c lower. ' Hogs Receipts, 6,000; steady to 10c lower; top. $11.40; bulk, 160 to 210-pound averages, $lt.2511.35; 220 to 250-pound weights, $11.10igil.20; packer sows, steady, $9.40 9.60; pigs, steady to strong. Sheep Receipts, none; no trading to day; compared to week ago: Kat lambs mostly 6O0 lower; sheep about steady. Turpentine and Rosin. Savannah, Ga March 4. Turpentine Firm; 7914c; sales. 40 barrels: receipts, 21 barrels; shipments, 101 barrels; stock, 6,300 barrels. Rosin Firm; sales, 499 casks; receipts. 637 casks: shipments, 605 casks; stock, 71.571 casks. Quote B. D. E, $4.10; F. O, H. I, $4.15; K, $4.35; M, $5.05; N. $5.36; W(S, $6.85; WW, $6.10. Chicago Produce. Chicago, March 4. Butter Lower creamery extras. 36436ic; firsts. 320 36c; seconds, 294r31c; standards, 35c. Eggs Lower; reeeipts, 19.273 cases; firsts. 224y23c: ordinary firsts, 20S21c; miscellaneous, 226?22i4c. Toultry Alive, unchanged. lly III AeeoeUteJ lrM. W'athiiiKloit, March 5. Proposal that congress create a Muscle Shoals commission to adjust legal difficul ties involved in disposition of the government's war-built properties in Alabama and to direct sale or lease of the projects to private interests, was made by Chairman Kahn of the house military affairs com mittee, but failed to receive the sup port of minority members of the committee which has pending be lore it the three otters for the prop erties received by the government. Representative Fields. Kentucky, ranking minority committeeman, de dared with respect to the proposal that congress itself would have to decide, upon a plan to develop Muscle Mioals, and it was no problem to be solved by a group of cabinet officers as representatives of the executive branch of the government. In announcing his proposal for the commission in the form of a state' ment, Chairman Kahn took pains to have it understood that he spoke only for himself, acting as an in dividual, rather than as committee chairman. He said he believed, after a three weeks careful investigation of the offers made by Henry J-ord the' Alabama rower company and Frederick E. Engstrum of Wilming ton, N. C for the completion, opera tion, lease and purchase of the shoals projects, that the suggested com mission offered the logical and prob ably only practical way of reaching a proper decision on the question. Field explained also that he had expressed his attitude on the com mission suggestion in a personal way and not as a member of the military body. No One Files From Counly for State Representative Fairbury, Neb., March 5. (Spe cial.) .No one has filed for state representative from Jefferson county on either ticket. Several men have been asked to file, but refuse on ac count of personal interests. One man said, when importuned to make the race, Ihere is too much unrest among the people. No man could satisfactorily represent them. Springfield Revolver Team Sets New World's Record Springfield. Mass., March 5. The Springfield Revolver club broke the world's record for five-man teams here last night by shooting 1,164 in match number nine of the United States Revolver association cham pionships. The' former record was 1,519, established last week by Oak land. O'Brien Outpoints Chaney Philadelphia, March 5. Shamos O'Brien of New York, last night out pointed George Chaney of Baltimore, in a fast eight-round bout. O'Brien carried the fight to Chaney in every round. O'Brien weighed 139 pounds and Chaney 135. Kansas City Live Stock. Kansas City, March 4. Cattle Re ceipts, .255 head; for week, beef steers, steady; top, $8.85; aha stock steady to 25c higher; canners. cutters and bulls, strong to 15c higher: calves, strong to 6c higher; stockers, feeders, stock cows and heifers, 15(fi25o higher; stock calves, 2560c higher. Hogs Receipts, 1.000 head: active, strong to 10c higher than yesterday's average; bulk, good and choice lights and mediums, $11.9012.25: top, $12.25; no shippers operating; bulk of sales, $10.90 11.20; packing sows and pigs, steady. Sheep and Lambs Receipts. 300 head: for week, sheep strong to 15c higher; lambs, 6060c lower; top, $15.50. Minneapolis Grain. Minneapolis, Minn., March 4. Receipts, 325 car compared with 390 cars a year ago. Cash: No. 1 northern, $1.60 1.54'A; .May. $1.43 ; July. $1.32. Corn No. 3 yellow, ei'-itffSlic. Oats No. 3 white. 34354c. Barley 52 62c. Rye No. 2, 9H4 974e. Flax No. 1. $2.684 2.64',4. Chicago rotator. Chicago. March 4. Potatoes Weak: receipts, 67 cars: total U. S. shipments, 652 cars: Wisconsin round whites. Backed, SI. 7001. SO cwt.; bulk, $1.8001.90 cwt.; Minnesota, sacked. $1-6501.76 cwt.; Idaho rurais, sacked, $1.96 2.00 cwt.; Idaso russets, sacked, $2.20 cwt. - St. Joseph Live Stock. St. Joseph, Mo., March 4. Cattle Re ceipts, 100 head: nominal; steers, $6.75 8.75; cows and heifers, $4.008.50; calves $5,5050.00. Hogs Receipts, 2.000 head; 10c higher; top. $11.20; bulk of sales. $10.8611.2O. Sheep and Lambs Receipts, 300 head; steady; lambs, $14.2515.00; ewes, $7.60 8.50. ' St. Louis Grain. St. Louis, Mo., March 4. Wheat May, $1.35i; July, $1.1614. Corn May, (lHc; July, 64c. Oats May, 41'jc. Kansas' City Grain. Kansas City, Mo., March 4 Close: Wheat May, $1 29L29ti ; July. $1.12. Corn May, 664c;- jiy, 69c. Minneapolis Flour. Minneapolis, Minn., March 4. Flour Unchanged. Bran $2i.0O. New York Poultry. New Tork. March 4. Live Poultry dull; no nrices quoted; dressed firm and unchanged. "Kid" Schlaifer and 0'Keefe Matched Dennie O'Kerfc. touyli little Chi cago welterweight, and Morrie (Kid) Schlaifer. Omaha scrapper, have been matched for a ltl-rouud bout at Davenport, Ia., March 24, according to Johnny Crcelcy, schlaifer s manager. In fighting O'Keefe, the local Hebrew battler will swap punches with a fighter who has boxed Johnny liriffith, Jack llrilton, J'inkey Mitchell, Jimmy Nickel, Navy Kostan and several other good boys. Nine Indoor Track Records Fall at Meet Osborne Wins the All-Aronnd Championship at Illinois Relay Carnival. Illinois Armory, Champaign, III., March 5. Nine University of Illinois relay carnival records fell last night in a spectacular indoor track and field meet, which brought together the class of middle western univer sities. Four of the new records were in relay races, the University of Penn sylvania invading the west to capture the two-mile event, while the other three races were distributed between Illinois, Iowa and Ames. H. M. Osborne of Illinois won the all-around championship with a new high total of 5.454 points, after win ning first place in four of. the seven events and tying a fifth. Brutus Hamilton, the Olympic star from Missouri, was second, with 5,120 points. The mile and four-mile relays were the bright spots of the evening, Coach Gill's Illinois runners winning the longer race and losing by a close margin to Iowa State university in the mile event. Both races resulted in new records, the Iowans clipping 1 2-5 seconds from the old mark of 3 minutes, 29 seconds, and Illinois bettering their own four-mile record of 18 minutes, 35 4-5 seconds by 18 4-5 seconds. Pyott of Chicago took the lead in the mile relay, but gave way to Schlaprizzi of Illinois and Morrow of Iowa, who passed the fight on to their successors, Wilson beating out Fessenden five yards from the finish. In the four-mile event, for which the Mike Mason trophy was presented, Yates took the lead Tor Illinois, but McGintys dropped the baton in the second lap and Patterson had hard work to regain the lead. Wharton, however, stepped out and distanced the field for a new record of 18 minutes. 17 seconds. The Pennsylvania quartet took the two-mile relay from Ames in fast time. Ames won the medley relav, a half mile, two quarters and a mile, clip ping 5 4-5 seconds from the record for a new mark of 8 minutes, 18 1-5 seconds. Jsew York Produce. New Tork, March 4. Butter Steady: creamery higher than extras, 38'i39e; creamery extras, 37V438c; firsts, 34 3ic; packing stock current make JNo, Z, 20'-421c. Bggs Unsettled: fresh gathered extra firsts, 27VJtfj)28c; firsts, 2627c. Cheese Firm. (Iilialia lie I meed II. I'bii uu.i. March 5, Willi.MH I'M Mc iui. tn.iy imt be an ai live ran iliihite for the ih'inorr.itif ii..iuiia- t fur purlin! in but thfti? was nullum tn Imbf-ite a inmli lur iuu .1 fmii .liniir -t.iy i I hit'.iKt'. Mr, Mi-Ad-.o. Mi. Mcd., I Hen WiImhi Mi 'Adint iind M.uv Fa'tlt Mcdn had the fieiih'iitial Stnte ,it the r.!.iik.!ii' lintil. Knlirrt Mc Adiio'a Min .i with the p.tity, 'I hfv were on their w.iv to Aiifti-lrs where the McAdnoa arc l.i niuke llitir perm.itiriit lionu The forinrr secrct.irv ( the ttr.f-iirv is t' -ntr the nitive praetiir -i Itw and the McAilno otuin icidt'iHi; will be Ca!iftinii.v Two hundred in the ih-mnciat. ii'fii and women t I'hiuito and the midwest, p.i;'d ihrinnh the presidential suite and talked pnlitu tn Mr. Mi'.VIiio. Uinn Williams of the -Sih ward, ho was all but nominated fr postmaster of 'hi eao by President WiNnii, was in chatge of piot'ci'dinm. Discuss What Might Happen. 1ig time politics, however, was discussed dining an afternoon tt-a held at the home of Mrs. KcIIurk I'airb.ink, recently appointed as the Illinois member of the democratic congressional campaign committee. Among those present at the tea va George I'., llrennan. Mr. McAdoo and Mr. P.icnnan, it is surniiMil. discussed what happened at the San Francisco convention in lJi and what might happen wherever the democrats meet in l'J24. Mr. McAdoo did not talk politics or national affairs for publication. He didn t have the t ine, for one thing, because of the jam of demo cratic, workers who had ample op portunity to confer with him. He w as asked about the 'Tumulty dinner in Washington, at which many of Mr. McAdoo' recognized democratic allies were guests. "I wasn t there, yon know. Mr. McAdoo answered, "and so I can't say what happened." ' bat about the pending treat ies?" "That's too important a subject to talk about willi the very limited time at my command. We had bet ter pass that for the present." Movie Rumor Mystery. Somebody asked Mr. McAdoo if he were on his wav to California to get into the legal end of the mov ing picture industry. I expert to enter the general practice of law at Los Angeles," Mr. McAdoo said. 1 do not know how such a report started. It is without basis." The McAdoos are moving every thing to California. Their household poods are on the way and they de parted at 8 tonight over the Snnta Fe. They will stop in Pasadena temporarily and then take semi penianent quarters in a Los Angeles hotel, pending the selection of tlteir permpnent Los Angeles home, Mr. McAdoo said. Mrs. McAdoo did not attend the reception that was held in the presi dential suite. Plie was at thr; hair dresser's, Mr. McAdoo said; taking dvantage of the Chicago' stopover. ''How is President' Wilson?" someone asked. - Fine and getting better every minute," was Mr. McAdoo's reply. Fair Association to Be Organize at Burwell, Neb. Burwell, Xcb., March 5. (Spe cial.) The necessary stock has been subscribed and a meeting called to organize a fair association at Burwell. It is planned to buy a tract of land close to town and convert it into a fair ground and park. A tourist camp, base ball ground, golf links and other features are planned. Ice Gorge Changes River Channel Near Benkelman Benkelman, Neb., March 5. (Spe cial.) An ice gorge has formed above the bridge on the Morse ranch west of Benkelman, diverting the course of the Republican river. The new channel is north of the bridge and cuts off traffic in that direction. 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, 111.; Sioux City, Ia.; Holdrege, Neb.; Geneva, Neb.j'Des Moines, la.; Milwaukee, Wis.; Hamburg, Ia., and Kansas City, Mo. 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 T 1 1 v -TT-l i j x y T