THE BKfcl: OMAHA.' MONDAY, MAItCIl 20. 1022.
Sllj
porters of
Treaty Rattle
With Opponents
Entire I'irM of Coiitrorry
Over Arm Cunff rence We
viewed Paring Delate
on Pacific Pact.
Wailiinsion, March 19.Tlif
whole fir U of fomrovr.if centering
haul tde artiii ronlfrr-m'e w ft
kti in the mate during m U
iSiy debate on the four-power lVi'ic
treaty.
Vor the firt time niucc rarly in
tlie week, the treaty' supporter
juinrd battle directly with in irre
eoncitahle opponent and a .core of
nen.itori, anil fully at many iu$
of the treaty fifjht were drawn into
the running rro-fire of argument.
Senator Koliinwtii, democrat,
Ark.ana, stared the field day of
oratory with a speech Mipportiiifc hi
amendment to pledge the four itia
tory power ttKiinst (secret diplom
acy, lie wai seconded in the attack
hy Senator Juiiikoii, republican. Cal
ii'omia, who aked why the Franco
lapanrvi alliance, at well a the
Aiiglojnpanrfc alliance, had not
been terminated hy the four-power
pact, and later Senator Koran, re
publican,' Idaho, joined in with a:t
assault on the Shantung tcttlemcnt
as an example of the ort of dip
lomacy with which he .aid the United
Mates i Mould not associate itself.
Poindexter Defends Conference.
When the discussion drifted to the
naval limitation treaty and its forti
fication prohibition, Senator I'oin
dcxtcr, republican, Washington, de
fended the conference as a real peace
accomplishment, and when the Shan
tung agreement wa assailed. Sena
tor Lcnroot, republican, Wisconsin,
read portions of the Shantung treaty
to support his argument that the
conference had produced a great deal
of actual benefit to China. Prepared
addresses supporting the four-power
pact were made by Senators Jones,
republican, Washington, and Capper,
republican, Kansas.
The manner in which the treaty
was negotiated, the diarge that in
Mifficicnt information had been sup
plied the senate, and the failure to
include outside powers in Pacific
conferences involving their inter
ests, all were among the questions
brought into the debate.
Raises New Issue.
One new issue was raised by Sen
ator Shields, democrat, Tennessee,
who declared that the British am
bassador. Sir, Auckland Gcddes, had
been quoted in a speech in Los An
jicles as virtually saying that a war
in the orient had been averted by
negotiation of the new treaty. Sen
ator Johnson immediately inquired
since when the ambassador had been
inaking speeches to Californians in
support of the treaty, and Senator
kobinson declared that if it were
true Japan had been preparing to
"Attack possessions in the Pacific, it
would be hard for him to support
cither the four-power or naval
treaty.
The day's outburst of discussion
dampened the hope of some mem
bers of the senate who had hoped
to lay the treaty aside during the
first days of next week in order to
give attention to legislation. Tonight
it was considered likely by the lead
ers that interest would be sufficient
to keep the discussion going prac1
tically without interruption until a
final vote is taken under a unani
mous consent agreement on Friday.
THE GUMPS ZIXJLZ
MAKING DOVES LOOK LIKE LIONS
as e mmw Pmm
I Vrt
J cwnt
I
Drawn for The Bee by Sidney Smith
THAT tVf & I. WO Tw i !. t Cf
W0l AXD MtT NOU- HfcTt
6000 rorrvc mcmt 1 CT
CO" tO tt PfftCNt tAM
qtvi norvt AttHr a. uovtRT
KfB Wtvtfc ooiNj To f
V,
r
9(1
ft tM A CROtt VOX
AfOlOOUE AND kr AND MWMt
up- o wvu re so vr? mvrt-
0V IWIS" TQ UlTVt
Ut
V,
I Ml
IN CT vtU BC f tOvwyfJ And WOftPtBf UlTO
PdVtS VMtlt tlCCM CW 0J WINDOWS
A-t Ptt tN TO t tttCH5 W WVC
tut t CMt TMG XHAt t'M
I WANT T JO Ml- I WANT
to co rterr- t just caildm'i
V Uvt WVTHOwT V0O-
rj
IUt-
HA
Barrage of Custard Pies
Accurate Aim Saves
Restaurant Man $350
Routs Young Bandits
Live Stock
Omaha Grain
ttMl(i( mri
Offii'UI Mnit'lay ...
ffirl Tufly . .
tiffirUl .inr,4a
(iffirul Thu'xUy .
orririai Fnaif ....
Klimt Maiurd'y
dn Ihla 'k...
Mam. ! wk....
Mam. 1 wUa.
Mrli II.
,,. f ! .119 II
,..u. UMl
... ll.4 .31
,.. I4 I.UI .'
,,, i.:i t.m i.iu
..: 4.4T 411.J
(4.inl 41..n
Nnih a . ma ".iil 4.Ti7 4.1
d.iu. year u 30.141 44.T7I 44.7
RM-tpl and itltPMlllan cr tlvmark at
lh 1'nn.n aiorkyanl. omalia, Nb., fr
St huura, rn'lint ' p. n. Marcli l, l:i,
UKCKIl'TH CAIttt.
Callla
Mlranurt radriit Ry 14
I'mon r.itif II. K ...
. N. W. Ky., t..
C. N. W. Ily., writ..
C, ft. P.. M. O. Ity...
C , U. A g. Ily, at..
(',, b . y. u..
C, It, I. at V.. aait....
Total tK-alpta
I
1
I
1
'i
si
Hoft
14
II
ll.sroS!TIO.N HEAD.
Armour A Co
("mlahy 1'arklnK Co.,
Imiil rrkln Co
Mxrrla I'nrlilnn Co....
Hwlft Co
J. W. Murphy
ewarta at co
'Total
(4
... 10
...l.OJI
... 30
... 4i:
... I'll
... ?4
... 3
...3,711
Omaha lira leased t'lre.
Chicago, Jfarch 19. William Phil
iponis, a restaurant keeper, is a great
admirer of Charlie Chaplin and never
jnisses one of Charlie's productions.
He often admired Charlie's skill in
hurling pies. Today Philiponis used
Charlie's weapon of defense and
saved himself $350.-
The restaurant man had vieited the
bank and drew out $350 to pay his
help. On his way from the bank
he remembered his supply of custard
pies was low, so he stopped at a
bakery and purchased a few. He
took a short cut through the rail
road yards on his way back to his
eating house, and was accosted by
two young men with revolvers, who
invited him to "stick 'em up." But
Philiponis thought of Charlie and his
pies. He was brave. The next mo
ment one of the pies hurtled through
the air and clung to one bandit's
eyes and cheek bones. The other
bandit raised his revolver, only to
be overcome by the second pie. He
pulled the trigger, but his aim, im
paired by the gooey pie, was bad
and two shots went wild.
Philiponis didn't wait for furthr
development. He beat it as fast as
he could run.
Jefferis Gets Passport
at Capital for Powell
Washington, March 19. (Special
Telegram.) Through Congressman
Jefferis, the State department is
sued a "rush" passport to Ralph G.
Powell of Omaha, who sails for
Europe on Tuesday as private sec
retary of Mrs. Arthur L. Schoell
kotf of New York.
Mrs. Schoellkotf was attracted to
Powell during the world war, when
she, a woman of 70, doing her "bit"
in helping to entertain the boys,
bound for overseas, was attracted to
him because of a resemblance to her
son, who died many years ago. i
Total of $286,000,000
Paid on Tax Returns
Washington, March 19. Prelim
inary reports received by the treas
ury of collections of March IS in
stallments of income and profits
taxes showed a total of $286,000,000
on deposit in federal reserve banks.
On the basis of the amount re
ceived so far, officials declared it was
impossible as yet to determine
whether Secretary Melton's estimate
of $460,000,000 in tax receipts for
the quarter would be obtained. Re
ceipts from March payments last
j-tar aggregated S727.000.0OO..
(attlrRcrtlnta. hart. Mont of
day'a tfcdvl wcra dlrn ta and thr wa
not rnouitl) cattla actually on aala to
maka a markat, all laaa oalng ranen
nominally ateady. Tha waek'a run or
raa hanfl la tha heavlaat of tha yaar
a nrr and fat ratla which hava mado Ul
tha bulk of the run hava tieninaa quuo
nharply, ateara brkln too on tna aver
ana and cowa and halfera. S6c.
Stwkera and Wdtra alio .how a lona of
fullr 36c. uutlini tha market 60o under
the hlRh time two weeka ago.
Quotations on cattle: Oood to choice
bcfven. l7.6Sr.35i fair to ood tyea.
J6 75 to 7.60: common to fair beevea. 16. 3
W9.ib: Rood to cnoica yearunaa.
D.SO: fair to gooa yearllnK". Ih.saw'o".
comon to fair eurllnri. I6.25.76: good
to choice helfera, lo.767.JS; fair to good
helfera. $5.H5.H0; choice to rlm f0,"?:
16 006 6-40; gooa lo rnoir. v u
n .And rnn 44 60H-6.35; com
mon' to fair cowa, l2.60e4.S5; good to
choice fdcra. I6.H5W7.40; rair io gooa
feeders. .256.75; common to fair feed
era, 5.60 6.15: good to choice 0Jk'";
7 007.75; IW 'to gooa J6ffl4.J6:
atock helfera. 4.606.26; atock cowa, U5
6.50; atoclc calves, 15.766)1.00; veal
calves 15.60.60; bulla, atags, etc., 13.40
nt'.Recelots. 3.800 head. ' Moderate
recelpta Saturday found ready sale
oricea ruling strong to 10c higher. Light
how .old moaily from $.65j9.70. with a
top price of 39.7S. Mixed loada and
wh.r welahts. 3.459.65, and packing
fade... !!. r"V"A ara
Prices at this weeks closo are 6060c
lower than a week ago.
Sheep and Lambs-Reeelpte, none. Fat
lamb prlcea declined aharply during the
first two daye of the week, but on lm
proied damind for tha rest of tha week
the decline was mostly regained 'luring
the week, closing with a top of IIS.,
- ....air .m inn nuiH. ul .aii.v-..
14.861S.15. Feeders and shearing lamba
are about 60n lower, but quality quoted
at 314.00. Sheep were strong to 2oc
higher, ewes making a new top for the
season of $9.25. .
Quotations on Sneep Fat lambs, gooa
to choice, 115.00015.26; fat lamts, fa r to
good. J14.00Sl.lll; sneannw minuo, ,...
14.00; feeder lambs, good to eholce,
il3.0013.50; cull lambs. $10.0012.00,
fat yearlings, light, 12.601S.00; fat
yearlings, heavy, J9.50j91O.6O; fat wetheTS,
$8.0010.00: fat ewes, light, S8.609.2o;
fat ewes, heavy, 6.008.50.
Chicago IJvo Stock. .
Chicago, March 18. Cattle Receipts,
500 head; compared with week; ago beef
steers largely 3650c lower; good to
choice kinds showing the least decline,
fat she atock. 25 50c lower; eonners
and cutters weak to 25c lower: bulls, lo
25c off veal calves generally 11.00 lower,
stockora and feeders. 2540c lower.
Hoga Receipts, 6,000 head; market ac
tive; lighter weights steady to 10c lower;
others mostly steady with Friday s aver
age, but strong in spots; shippcra bougnt
about 1000 head: good clearance; top,
$10.35 for light and light butchers; bulk
of sales, $9.9010.25; pigs nominally
Sheep Receipts, 6.000 head; today'a re
ceipts practically all to packers direct;
compared with week ago fat lambs mostly
steady: spots, 36c higher; fat sheep, 60
76c higher; shearing lamba about steady.
Sioux City Livestock.
Sioux City, la.. March 18. Cattle Re
ceipts, 600 head; market 25c lower,
steady: compared to week ago; fed
steers and yearlings, $7.008.25; warmed
up steers and yearlings, $5.006.76; fat
cows and heifers, I4.004f7.00; canners.
X4.uugps.uu; zeeaera,
$4.60(Q)7.25; feeding
$3.505.5O; .tockers,
Chicago Grain
veals.
calves,
heifers,
$1.603.75
$6.807.00;
cows and
$5.006.75. , .
Hogs Receipts, 2,500 head; market
strong, 10c higher; butchers, $9.409.60;
lights, $9.604i9.70; heavy mixed, $9.00
9.40; heavy packers, $8.008.60; native
pics. S9.50Jfin.00.
Sheep and Lambs Receipts, none: mar
ket compared to weak ago, steady: bulk
of sales, $9.4009.00; fed western lambs,
$15.25; ewes, $9.00.
KansM City Livestock.
Kansas City. Mo., March 18. Cattle
Receipts, 250 head: for week, beef steers
mostly 25(S40c lower; top, $8.60; heifers
steady to 25c lower; cows steady to
strong: canners, bulls, Btock cows and
helfera steady: calves mostly 60c to $1
lower; etockers and feeders mostly 25c
lower: stock calves steady to 50c lower.
Hogs Receipts, 1,000 head: packers
took all offerings at prices steady to 10c
higher than yesterday: bulk lights and
mediums. $9.869.96; top. $9.95; bulk of
sales, $9.609.90; a liberal supply of
southern stock pigs sold at $7.608.00.
Sheep and Lambs Receipts, S00 head;
for week, sheep 2540c higher: fat lambs
steady to 15c lower; top, $15.00; feeding
lambs mostly 25o lower.
St. Louis Livestock.
East St. Louis, 111., March 18. Cattle
Receipts. 150 head; compared to week
ago, beef steers, beef cow. and year
lings. 60c lower; canners and cutters,
steady to 25c lower; bulls, 60o lower; veal
calves, 5075c lower; atocker. and feed
ers. 25 40c lower.
Hogs Receipts, J. 600 head: market, ac
tive. 10c higher; top, $10.60; bulk. 180
to 220-pound averages, $10.35910.50; one
load strong weights, $10.10; pigs, about
steady; packer sows, 1525c lower; tiulk,
$8.508.60.
Sheep and Lamba Receipts, 200 bjaad;
recelpta, mostly direct to packers, com
pared to week ago; fat lambs, steady;
sheep, steady to 2ac higher.
64. Joseph Livestock.
St. Joseph. Mo., March 18. Cattle Re
ceipts, none: nominal; steers, $4.76
7.25: cows and helfera, J4.00S3.00; calves,
$4.50?8.oe.
Hogs Receipts, 2,000 head: market
steady to atrong; top, $9.15; bulk, $9.65
9.95.
Sheep and Lambs Receipts. 13,000
head; market steady; lambs, $14.26 to
$15.25; ewas, $9.0O9.7S.
Turpentine and Boaia.
Savannah. Ga., March IS. Turpentine
Firm: 80c: sales, 20 barrela; receipts,
6 barrets; shipments, 8 barrela; atock,
1,667 barrels.
Rosin Firm: sales. 403 asks; receipt.
426 casks; shipments, 93 caska; atock,
60.87S casks.
Quote: B. T E. F.. $4.034: O. H. I..
$4.05; K.. $4.20; M.. 15c; N.f $5.20; W. O.,
$5.76: W. W.. $6.10.
Omaha. March 18.
Liverpool c!oed 2',i&2't4 high
er and beneficial raina reported in
the dry xpoti of Kanaaa were con
flicting element, in the future mar
ket on opening and in consequence
there was no great change in values
at the start. The market at a whole
wa a typical Saturday' market, the
trade evening up on both sides with
the close in wheat near last nipht.
Corn and oati showed a somewhat
easier tendency.
During the early part of the week
a decided weakness in foreign mar
kets caused drattic liquidation and
a sharply lower range ot values.
Later, when this pressure was re
moved, prices had a quick recovery
and at the close today about all the
the early loss had been regained.
Around the inside figures of the
week there was good buying by
commission houres and this buying
continued during the last three days.
A better cash demand appeared on
the breaks in both wheat, and corn
Receipts of wheat in the local
market today were 17 cars, of corn
70 cars, of oats 7 cars, totaling 99
cars, as compared with 97 cars last
year. Shipments, 98 cars, as against
97 cars a year ago.
(.ash wheat was m tair demand on
the local market at prices ranging
trom uncnangea to I cent nigncr.
Corn sold unchanged to a half cent
higher, oats were quoted unchanged
to a Quarter cent lower, rye was 1
cent up and barley nominally un
changed.
v n v a r.
No. S dark hard: 1 car. fl.97; 1 ear
(smutty). $1.36.
No. I hard winter: z car., si.zs.
No. S hard winter: 1 car (.05 par cent
heat damaged). $1 22.
Sample hard winter: 1-1 car. $1.21: 1
(a? (smutty, weevil), $1.22.
No. 2 yellow narti: i car.
No. 3 yellow hard: 2 cars. $1.26; 8 can,
1 25.
Ho, 4 yellow nard: I car. ai.za.
No. 1 spring: 1 car (dark northern),
11.65.
No. 1 mixed: I car, 11.33.
No. i mixed: S cara (durum), $1.14,
No. 3 mixed: 1 car (durum), $1.12.
No. 4 mixed: 1 car (durum, smutty),
11.11. -
.no. durum: 1 car amoerj, 11.19.
CORJf.
No. 1 white: 3 cars, 63c.
No. 2 white: 6 cars, 63c; 1 car, 62e.
No. 1 yellow: 1 car, 52t4c
No. 2 yellow: $ cars, 62 He
No. 3 yellow: 3 cara. 62c; 1 car, 61 He.
No. 1 mixed: 1 car, 61c
No. 2 mixed: 7 ears, 61c.
Ko. 3 mixed: 1 3-6 care, SOlic
Sample mixed: 1 car (no bill), 46c.
OATS.
No. 3 white: 1-3 car (special billing).
35c; 3 cars, 34c; 1 car, 34fec; 1 car,
34VC
No. 4 white: 1 car. 34c.
RTE
No. 2: 2-5 car, J4ttc!
No. 3: 3 cars, 94Vic.
OMAHA. RECEIPTS AND SHIPMENTS.
(Carlots.)
Receipts Today Wit. Ago Tr. Ago
Wheat 17- 68 , 31
Corn 70 61 -62
Oats 7 Jt 12
Rye 4 5 0
Barley 0 4 2
Shipments Today Wk, Ago Tr. Ago
Wheat 23 20 62
Corn , 64 80 30
Oat 10 6 13
Rye 0 0 1
Barley 1 ' 2 1
PRIMARY RECEIPTS AND SHIPMENTS.
(Bushels)
Receipts Today Week Ago Tear Ago
Wheat 823.000 715,000 667. 000
Corn 196.000 1,411,000 968,000
Oats 497.000 656,000 491,000
Shipments Today Week Ago Tear Ago ,
Wheat 462,000 641.000 709,000
Corn 1,000.000 1,009,000 931,000
Oata 739,000 663.000 498,000
EXPORT CLEARANCES.
Bushels Today Tr. Ago
Wheat and Flour 398,000 232,000
Corn 782,000 ,344,000
Oats 43.000V ......
CHICAGO RECEIPTS.
Week Tear
Carlots Today. Ago. Ago.
Wheat 16 23 41
Corn 78 zio .
Oats 0 113 7
KANSAS CITT RECEIPTS.
Week Tear
Carlots Today. Ago. Ago.
Wheat 107 125 323
Corn 19 $5 79
Oata ' 7 7 8
ST. LOUIS KEUElflB.
Week Tear
Carlots Today. Ago. Ago
Wheat 105 4 69
Corn 63 US 85
Oata 14 23 34
NORTHWESTERN WHEAT RECEIPTS.
weeK year
Carlots Today. Ago. Ago.
Minneapolis 173 237 169
Duluth , 67 131 33
Winnipeg 411 463 159
CHICAGO CLOSING PRICES.
By Updike Orain Co. DO. 2627. March 18.
By CHARLES D. MICHAELS.
Omaha !U Lrrd Wire.
Chicago, March 19. The wheat
situation grows more interesting as
the season advances.
As a world's proposition, which is
the only way to look at it under ex
isting conditions, it presents more
factors in favor of higher prices than
thoe lavorabie to lower values.
There is a close adjustment of sup
plica to requirements. Those who
have made personal investigation,
alter being very bearish a lew
months ago, are now extremely bull
i:h.
Weakness in Liverpool, with de
clines ot id to lid in spot prices
for cargoes early in the week.' led to
depression. There was a break from
$1,29 5-8 on Wednesday, while on
Saturday the price was up 10 cents
ahove that ligure and held practl
callv all the gain.
May wheat is going lighter and
there is said to be a large short in
terest in addition to the hedging
sales. Those friendly to the buying
tide expect an irregular hardening
market similar to last year. Then
May wheat sold at $1.11 1-2 in April
and $1.87 in May.
Fluctuations Kxpected.
A great deal of atreaa haa been laid
upon the. Urge Incraas. on ocean pas-
aaga zor r.urope. wnicn naa nearly unu
bled within a few months, but 66.000,000
bushel, afloat for all European consuming
countries is not regarded aa a large
quantity by those who ara very friendly
lo tha buying side when tha light stocks
and large foreign requirement, are con
sidered. Sharp fluctuations are to b. expected
after all tulges.
Corn has lost friends the last twa
weeks, despite the decline from 70 to
68 for may. When prices were high
est many operators who specialize tn com
considered it a purchase, but despite the
decline In receipts to the smallest In
more than three months, the big visible
supply staggera in. The vlalble Is 48,.
078,008 bushels, or 21.000.000 bushels more
than last yeir, and is the largest known
In the last 15 years. In 1915 it waa 39,
400.000 bushela and Chicago stocks 17,
458,000 bushels. The latter disappeared
between March and June without any
trouble.
Although American corn In Europe Is
10 cent, a bushel cheaper than Argen
tine, the export demand is not aa heavy
aa recently.
It la figured that the bis stocks off
aet the effect of a decrease of over 60
per cent In primary receipts within a
month and are to be light for the next
two months, a. country elevator stocks
are low.
Situation Not So Bearish,
Looking at the corn situation from a
statistical view, it is not so bearish. On
the basis of 20 per cent msrketed from the
farms for the season, which is practically
the same as given by the government re
port there will be 600,000.000 bushels
marketed. Of that 300,000,000 bushels
have already left the farms in the past
four months, leaving only 300,000,000
bushels more to come out for the next
eight months, up to November 1.
May corn closed Saturday at 62c, July
C4f4c to 04c, September 67c, or lo to
154 c lower for the week.
There are all the oats tn the visible sup
ply that the trade will need for most
demand?.
In 1917 there were 35.995.000 bushels in
the visible. There are large stocks afloat
at lake ports which will have to be dis
posed of within the next few months.
The disappearance of oats for the seven
months Including August 1 has been 816,
000,000 bushels or 60.000,000 bushels less
than last year and compared with 1,031,
000.000 bushels In the season of 1913 to
1919. Disappearance from March 1 to
August 1 last year was 626.000.000 bushels.
but there can be no such a shrinkage this
year aa rarm atocks are only 404,000,000
ousneis.
Si.OJo. Cahbsgei New Tesaa, lb., I c.
TmtiatMi: I'rsl. $4 tut) I g.
tie-en Veaetabtrs Vounf southern
radlshi. d"-n, 4cell oa; yours south
ern beels. dix-n, ItirtfJIoO; ynun south,
ern imlnns, ilmen. 9up 90e; young south
turnips, d.m.n. II OA; llrusll apmute,
lb, :c; thallois. dej.n. (itfloc; green
tppr, II.., JO0C; fanlry, tier doten.
nines, 4i1i.
HIDES AND WOOL.
n-f hides: Oreen salted No. 1, per lb.,
Vte; green sailed No. 2, per lb., 4Jf5c;
green hides, Ho. 1. prr lb. Iff4c green
hid. No. 2, per lb., Sfflcj green sailed
lold stork), per lb. ttfJe; green sailed
bull hide.. No, I, per lb., 2c; un salted
bull hides, No. 3, per lb., 2e.
Horse hides: Large. i-h. 1 50; me
dium, each, 11.00; small, each, 11.60; pony
and glue., each, 7Srf li.nn.
Kheep pells: Qreen 'sited, a. lo site
and wool, each, iOr).00; aheatlings,
gre-n salted, ... to (lie and wool, each,
iO 20e.
Wool: Choice fine and half-blood, per
lb. 23027c; medium or Ihree-eighta-tlood,
per lb., t0J21e; low and quorter-blood.
per lb., 17lc; burry wool, per lb., tit
izr
Wholeaal. price,
a. fnlluws: No.
2 ribs. lie: No.
1 loins. 27c; No, 2 loins. 26c; No, 3 loins.
l.-c; p.0. 1 rounds, lap; No. 1 rounds, 17c
No. 3 rnunds, 14i-,c: No t rhuckl. I0t4c
No. 3 chucks, 10c; No. 3 chucks, c; No,
pistes, ec; rio. a plate.,' 6c; No.
plates, 4c
Financial
Art. Open. High. Low. Close. Test.
Wht.
May
July
Sept.
Rye
May
July I
Corn
May
July
Sent.
'Oata
May
July .
Sept.
Pork
May
Lard
May
July
Rib.
May
July
1.39
1.38V,
1.305,
1.20
1.13
1.1314
1.3944
1.81 S
1.13H
.1
1.374
1.1841
1.11 fc
I I
I 1.08541 1.07541 1.0654
.96 M .97 541 .96 Vi
.sz'
.6354
65",
1.39 54
1.39
1.21
1.2154
1.1354
.1
1.38
1.38 54
1.19
1.19
1.1254
.65
.67 54
.:9
.39
.41
.41
.43
11.43
11.62
ItO.SO
110.40
.62H
.6354
".67
.39 54
.4154
.43
11.45
11.63
110.80
l0.40
.6454
.
.89 5i
.4054
.41
1.07' 1.06
,97M ..96
I
.62
.64
.64
.67
.38
.40
.41
11.15
11.35
110.80
110.30
111.16
11.37
110.80
110.30
.63 44
.66
.67
.39
.41
.42
.'20.00
111.40
111.62
110.47
110.40
Mlnnropoli. Grain.
Minneapolis. Minn., March 18. Wheat
Receipts, 173 cars compared with 169
cars a year ago. Cash No. 1 northern,
ll.63ei.6; May, 31.45; July,
11.34.
Corn Tellow, 6252e.
Oats No. 3 white, 3334e,
Barley 52962c.
Bye No. 2, 4l99c.
Flax No. 3. 2.67e2.t2.
St. Loola Grain.
St. Loula. March 18. Wheat May,
31.J5: July, 31.17.
Corn May, 60660e; July, 4!C
Oats Ma)-, 39c: July. 4lc.
Kansas City Grain.
Wheat Close, May, 31.36; July. $1.13;
September. 81.06.
Corn May, 66c; July, 5!c Septem
ler. lc
Omaha Produce
Furnished by state of Nebraska, de
partment of agriculture, bureau ot mar
ket, and marketing:
, . LIVE POULTRY.
Wholeaale Wholesale
Buying Pr. Selling Pr.
Stags 80.1630.20 0.20I0.25
Springs 20 .26 .U0 .26
Hens (light) .... .20 .25 ,25 .24
Hons (heavy) ... .21 .24 .25 .27
Cocks 12 .16 .16 .20
Ducks 18 .22 .23 .25
Oeese 12 .18 .16 .20
Turkeys 25 .33
DRESSED POULTRY.
Stag. .26 .28
Springs .27 .35
Hens 28 .32
Cock. .18 .22
Duck- 27 .35
Geese 23 .30
Turkey. 35 .45
EGGS.
Select 53 .15
No. 1 21 .25
No. 2 .20 .21
Cracks 20 .21
Case count, case 6.250 6.60
BUTTER.
Creamery, prints 36 ,40
Creamery, tub... 34 .39
Country, best ... .30 .22 .24 .26
Country, common .17 .18 .20 .22
Butterfat, ata pr .55
HAY.
Prairie No. 1 upland 311,00011.50
No. 2 upland 9.0O10.50
No. 8 upland , 7.60 8.60
No. 1 midland 10.6011.00
No. 2 midland 10.6011.00
No. 2 midland 9.00(910.00
No. 3 midland 7.50 8.50
No. 1 lowland 8.50 9.50
No. 2 lowland 7''5Sf.!'5S
Alfalfa, choic 19.00 20.00
No i 17.0018.50
Standard JH2S,'.
v. z 12.0013.50
t J ' 10.6011.50
Oa't straw 8.00 9.00
Wheat straw 7.00 8.00
: FRUITS AND VEGETABLES.
Fruits Bananas: Per lb.. 78e.
Oranges: Sixo 216 and larger. 37.007.60:
site 260, I6.767.00; siie 28S; 6.507.00;
size 324, $6.6007.00; Florida tangerines,
per box. $4.00. Lemons: Per box, $5.50
J 00. Grape fruit: Crate. $3.504.50. Ap.
pies: (Delicious, according to size and
grade. $3,7644.50; Rome Beauties, ac
cording to size and grade, $2,753.00:
comment Wlnesaps, according to size and
grade, $2.003.75; Black Twig, according
to size and grsde, $3.00; Arkansas Blacks,
according to size and grade, $2.853.75;
Ben Davis, $3.00; Newton Pippins. $3.00.
Strawberries: Quart, 60c. Figs: 24 pkgs.,
8 ox.. California, $2.25: 12 pkgs.. 10-ox..
$1.60. Dates: Dromedary. 30 pkgs,, per
box, .75; Hallowll, per lb.. 1416o; Ex
celsior. 36 pkgs.. $3.00.
Vegetables Potatoes: Nebraska Early
Ohloa No. 1. per cwt., $3.00 2.16; Min
nesota white stock. No. 1 per cwt.. $2.00:
Colorado and Idaho whites, per cwt.; $2.25
3.60: Red River Ohlos No. 1. per cwt.,
$2.262.60; Oregon Netted Gems, per cwt..
$:.C62.76: Colorado Brown Beauties, per
cwt. $2.00. Sweet potatoea: Per bu.,
$1.763.60. Celery: Dozen. $1.2502.00
Head lettuce: Crate. $s.006.:s. Leaf let
tuce: Dozen. 7590c; Red onions: Per lb..
99c: yellow, 9c Onion sets: Bushel.
$.502.76. Spsnlsh onions: Crate. $4.60
94.00. Cauliflower: Crate. $2.50. Cucum
bera: Dozen, hot house, $2.603.75. Car
rots: Per lb.. 2 05c. Turnip-: Per lb.,
3c Parsnips, lb., 395c. Beets, lb..
By ALEXANDER DA.NA NOYES
Omaha Bee Leased IV ire.
Xcw York. March 19 Tl.
r , t ' .
ui icai improvement in a hnanca
situation is applied, not when prices
utKiu to rise on financial markets,
not even when thev reach the rli
max of a prolonged advance, but
wnen, at the hieh noint of thrir rn
thusiam, the markets are subierted
to sudden and heavy realizing sales
iy ine speculators who bought while
the rise was going on.
sometimes: as m the rae of tin
advance of railway shares when the
new rates under the transnortation
act were applied in beotcmbcr. 1920.
tnis test shows the rise to have been
entirely the work of speculators who
had misjudged the situation. Some
times, as in the rise of foreien ex
change in April, 1920, or of grain and
cotton in September, 1921, it proves
tnat the speculation had beeu alto.
gcther premature. On such occasions
the realizing sales drive back to
where they stood when the rise be'
gan and natural forces are seen to be
operating against an imprcvement.
It is now possible to ray that the
recent spectacular advance in foreign
exchange, in erain, in investment
bonds, and even on the stock ex
change, had a much stronger basis
than this. In sterling and wheat,
particularly, the advance had been
so rapid and so long uninterrupted
that the speculative realizing sales
were of far greater magnitude than
usual.
J.oises Recovered.
For the same reason, when the markets
turned, their downward movement was
emphasized by proportionately large spec
ulative selling for the decline, of the
kind which has achieved great success
in the reactions of 1920 and 1921.
This time, however, the new turn on
waid has come with such force and
promptness as to prove to what extent
otner tnan specuiauva lnnuences nave
been at work. Sterling, for Instance,
which at the opening of March had risen
27c from the low January rate, has sub
sequently declined 17c, but regained 13e
of its loss. Wheat, whose recent high
price was 42c per bushel above the early
January figure, had fallen 20c to this
week's lowest, but has aince recovered
lie of that loss.
The meaning of such movements is un
mistakable: they prove the genuine char
acter of the preceding recovery. Mean
time, tho investment bond market has
experienced no reaction at all. As for
the stock market, the recent aeries of
million share days with advancing val
ues have occurred admittedly under the
auspices of professional speculation, of the
kind which buys only to sell again later.
But it bears this much of confirmatory
evidence to the growing strength of the
general situation, that outside holders
of stocks arc manifestly not selling as
they did in 1921 or 1920, even on ft con
siderable rise in prices.
Downward Reaction. Brief.
This time It is the downward reac
tions which are of brief duration and
which are followed by a still more posi
tive movement in the opposite direction.
The fall in the Wall street money mar
ket last week, bringing rates for one
and two months loans to 4 and 454
per cent, respectively, the lowest since
1917, was in some of its aspects, a strik
ing incident, but in reality only contin
ued a movement which hs now been
going on for nearly 12 months.
Last week's decline is not the less note
worthy, however, from the fact that In
ordinary years of normal financial and
Industrial conditions, March is apt to
be a month of advancing money markets.
One Inference from the present- move
ment might, .therefore, be that revival In
trade Is not expected. So far as con
cerns belief or disbelief In business ex
pansion of large proportions during the
coming season, the .lower money rate,
would have precisely that significance.
But no one has been Indulging In ex
pectations of a business boorrt. The moBt
that even the hopeful prophets see for
the "spring trade" is another shaking
off of that outright lethargy which has
prevailed during most of tho time since
the downward reaction ended in the mid
dle ot 1921.
Hy it. f). I1 X ).
The l.elc of uniformity of eommerrlst
movements ronllniKm inarUed, bulh de
mand and prlrra disclosing much irre.u.
larity. Ihari otitis, i in different
branch, nf the same tiade or Imlu.ny
aemonairai. ins uncvennrM or the pres
ent situation, ami actual and (tin-aimed
labor ttouhlca have an unaett.'n ft in
soma quarters. Iienpite the various re
strainlng influences, however, the main
trend of buin-.j I. still toward gradual
Improvement, and a number nf favorable
phase, .re b'llnnlng to time charac
teristic, of permanency. While the gener
al conditions leave mu h to be drured, the
further recovery nf Irou and jt-r produc
tion, the evidence of a resumption of ron.
strui lion activities, and annio lessening of
unemployment of latmr ar encouraging
featurea, and the mow hop. ful sentiment
I. maintained. Confidence In the future
la not reflected In any departure from a
conservative buying policy, but reulrtilnh-
tit beef rut. ra meni oracr. are uevesopin.; more frequent
1 ribs, 31c; No. "om0 commitments that have been
I riba, 19c' No. I un ueierreii, are now aipiariug in ine
iii.inri iii.-i inun ir uuniiir-H nap i -
come more pronounced In moat lines, prov
ing that the Initiative in negotiations is
chiefly with the seller, and Instances are
not uncommon where price ronresMnna are
available on trnnnn. -lions nf any magni
tude, A representative list of wholesale
commodity ttuotutinna, on the other hand,
ha. revealed an nxce or advances dur
ing a majority of weeks thl. year, and the
prospect of price declines I. now less of a
factor In causing hesitation In demand.
Building Permit. Cinln.
Sign, multiply of . revival of construe,
tlon activities In different part, of the
country, and another month', building
statistic, make a favorable exhibit. While
the estimated value of the February per
mit. a 46 per cent lea. than that of
January, eight fewer cities made return,
than In tho earlier periods, and some al
lowance should be msda for the fact that
February la the shortest month of the
year. That conditions In thla Industry are
more satisfactory thsn those of a year
ago la evidenced hy the Increase of 44 0
per cent In the February permits, the total
for that month nf 1921 bring- little In ex
cess of $44,000,000. The amall number of
reduction, from last year', figures demon
atratea that the Improvement has been
widespread, and especially noteworthy ex
pansion appears at New York city and
some other large cenlera. At $36,679,54,
the February permits at the metropolis
show a gain of 88.0 per cent., while there
is an Increase of 30.8 per rent at all point,
outside of New Tork which are included In
the statement.
Increasing Demand for Steel. '
Both in respect of demand and output,
the Iron and ateel industry I. now In a
more favorable position. Buying of, steel
has Increased steadily during recent weeks,
and a rise In production to an average of
about 60 per cent mnrka a decided expan
sion over the rate of operation at the be
ginning of this year. While the threaten
ed coal strike evidently account, for some
of the gain In Iron and ateei business, tne
fact Is not obscured tnat general renuire-
menta are broadening and that railroad
purchaaes and export orders afford en
couragement. F.fforts to advance prices
on some steel products have resulted in a
firmer situation In that quarter, and basin
pig Iron. Valley furnace, Is 25n Higher tnis
week at $14 s, ton. A year ago, however,
the prevailing quotation on this grade waa
$26.
Activity In Hides Abates.
No rendition of the recent large clear
ance movement has been witnessed In do
mestic packer hide markets. The active
trading of a fortnight ago established
prices on a lower basis and the main
trend haa continued downward, although
seller, have talked higher quotations on
some descriptions. With leather demand
comparatively meager, except In Isolated
Instances, tanners do not purchase raw
material beyond actual requirements, and
give close consideration to prices. Ac
tivity in patent leather has been a recent
feature, some makers of thi. stock oper
ating at full capacity and others en
deavoring 'to increase output by 1,000 to
2.000 aides dally. While retailers of foot
wear are in the midst of Raster business,
general buying tn wholesale channels re
main, conservative, and production at
many plants la limited.
Cotton Goods Revision..
Some unsettlement haa resulted from
further downward price revisions on cer
tain cotton goods, and buyfntr, as a rule,
Is for such, short-term delivery that man
ufacturers cannot plan very far ahead.
With the trade still Insistent uoon lower
prices, competition for business is becom
ing more noticeable, and profit margins,
are narrowing both in primary and retail
circles. Curtailment of outputs In mill
centers Is Increasing, producers limiting
operations in the absence of larger - fu
ture orders, and the strikes in New Eng
land continue. Tet encouragement has
been derived from recent sizable sales of
print cloths at Fall river, and the fact
that stocks of goods In distributing chan
nels are moderate leads to the hope that
general demand will soon broaden.
Decline In Cotton Consumption.
After several months of almost unin
terrupted increase, domestic cotton' con
sumption declined during February, be
ing about 63.000 bales less than that of
January. The reduction is partly explained
by tne snorter montn, butFenruary s total
of 473,000 bales Is the smallest reported
since last July and marka the first time
in four months that the consumption has
fallen below 600.000. bales. The February
exports of 238,000 bales, moreover, are
short of those of all months back to last
April, and are materially under the Feb
ruary average of recent years. No im
portant influence upon prices was exerted
by the official reports on mill consump
tion and exports, weather news being the
controlling market factor. With a late
season in the belt, there was consideratle
switching of speculative operations from
tne nearoy options to tne distant posi
tions, and a consequent narrowing of premium..
N. Y. Curb Bonds
New Tork, March IS. Following Is a
complete list of today's transactions on
the New York Curb Bond market up to
closing, with sales of each issue and the
high, low and last prices:
Bonds.
Sales. High Low Close
11 Aluminum Ts 33 ..102 102 102
9 Amer'L & T 6s ....106 1045k 106
9 Am T A T 6s 24. ..101 ' 101 101
3 Amer Tob 7s 23. ..1004 10014 10055
2S Ancnn Cop 6s .... 98 SS 9R
'6 Ancon Cop 7s 29. .103 103 103
1 Armour & Co 7s ..10354 103 103
3 Colum Grapho 8a .. 39 38 39
2 Consolidat Gas 7a. 10 1 54 1 0 1 54 1 0 1 54
8 Goodrich Tire 7s .. 98 98j 98
63 Inter R T 8s 22... 80 79 80
3 Laclede Gas 7a ... 9744 9 7 54 9 7 44
7 Manitoba 7s ...... 9.14 93 9356
27 NY NH A H 4s ... 7954 ' 954 '954
6 Phillips Petrol 754s. 106 ins 106
2 Robert Gair 1 96 . 96 99
18 Sears Koe 7s 23. ...100 99 99
4 Shawsheen 7s 102 54 102 54 10254
1 Solvar A Cle Is ...10344 1034 10354
10 Sou Bell Tel 's 1024 10254 10254
1 Stan Oil NT 's 28.106 106 106
1 Stan Oil N 7a 29.109 108 108
i Stan Oil NT 7a 30. 106 106 106
5 Texaa A Co 7. ....101 101 101
15 Tol Edison 7s. 104 104 104
14 Vacuum Oil 7a ....106 10 106
10 Warn Sug 7a 41. ...46 44 96
14 W est Electric 7.
Dunk CIYariii:
rtantt rirarie In the I'nlt.d Mtsl.s for
the wek ending lsrh . reported by
Mcraph lu lr llr-rt a Journal, N,w
Vork. i--t $'. 4.n oe, a.ain-t
$4,H IJ.-.anit hut ., k and $4.IT6 4J 0".
In this orrk In.t veir. I'ansdian rlnn
ereat $?; ne.on, et.in.t l.ti,
7in,o.lri last w.rk an, $ jji.sni.ene n this
week laat eir. PolWin are the l-luios
for this wwk and last, with percentage
nf rhanae shown this week a. compared
with thi. week l-t tor:
tlarrhl March
New York,., ,,$.; in,e l.i4.iifl.oa
Women Seek Damages
in Creston U. S. Court
irtrtii, I4, Mef.h SjtrttjT
".Minting tUj liir in i nr. I prr
nuiiritt injimn hIi'h l,e ahit f
from train t Oeittdj, U , furimv,
by iiUtnt itr a gup ir mt
It ft funding tn (he t! rt pUifnrm,
Vi Antrif of ( U'ke louniv, in 4
prtnion ftIa-4 a'!ii!w the (iuf,
llurlnnitini (i CJtiin. y Kdilu-ai CiMn
-ny in the l'iiiic4 Stair ditiit
i-iutt lirrc, A tlaitut!' in ihe mm
In annthrr it iion in i ,!e ul
rtuirt held 111nn.1 I'iMv 11 t,f
I rriliif). S, itle t'd'H-Kia t t
f I5.in nml illicit-! at " p. r unf
front Oiuilur S, lv.fl, j 1 ,iMpt$
J, II0K411 ol it 9i. I.i, altuiii
that n Ottul.rT 5. I''.M, ll.iyiin
writiiKitdly ami t.iu.,il r.ily t,MV
pinsr.nr.tl i t iiuti'.liir (.f l,r i!tn.
Hit's llrtrlnnl r:fU t l ori'sti'iir y.
valui.! at JlJii"', ! appfi-piiji'd
Mine to hi mm n-r
tu M,
fu'uih. 4tiee, M it. h H - I ,..t rW.j--n
iritk, I: -4 S i 'i , arnw. I ' -' tf
Chiracs
Philadelphia ..
flftstnn
Kanaaa City ...
in l'ran. ro..
Cleveland
Detroit
1 .n Anaelea ...
Mlnne.pnli. ,,,
I'lnrlnnetl ....
New Orleans ,,
Atlanta
Rirhmnnd
OMAHA
Ruffaln
Portland, Ore..
Kealtle
Milwaukee ....
!enver
Palla.
Oklahoma ....
Houston ......
Louisville
nirminirham ..
Waah't'n. P. C.
Nashville .....
St. Paul
Memphis ......
Indianapolis
4:;.6;..
40; ea. line
J. 10 one one
IH I'.t.aee
.l.4n,i,0i.e
' 6. :'. eno
os. ai.
;.a;i one
tS 913. nun
0 ah eon
t 31 1 coo
41.44 ll"
4n.j;j,ena
i:.mm
S7.lot.eoe
ilM.'A.nnn
S7.423.onA
3).64i,ftAO
ts.nij.nnii
2.4io.en
;o i 1,0110
tl.03l.0nn
27, 154. 000
17.243. A00
18.410.AOA
17.772. lino
14 KO 000
14.333 Ai.A
17,l3.AAd
Salt Lake City H.t&S.onn
Cnlumhu.
Kort Worth
Wichita ...
Oakland ...
Providence .
Pes Mnlne. .
Kocheater ..
Galveston ..
Norfolk ....
Akron
Sioux City .
13.7j7.oon
l.747.000
Jl.ojj.non
1I.44S.0OA
10,876.000
10.294. AOA
1,320.000
(.217.000
4.069 000
4,874.000
6.125.000
(tltna as.
879 one aoa
249 AAA, OA.
I it t;t one
114 400 SAA
74.7:4 see
7v 2o. sua
9)1.410 AAA
co 1st Aeo
16.MVA1A
41 M Olio
it sr. ana 1
si nwi sun B
4,4'i7,AAO I
SI.?6J.A. ,
2 SO. "co I
24,1 '4. AAA :
M.IIJ.oaa j
2 4r.4,"A 1
J3.M1.A0A i
in iim.oimi
tA.SIt.nno
S4.SlS.noo
IO.II4.OA4)
1t.66J.0O
14.nt".inA
lt.47S.AOn
14 AM.OA11
17.6:,OAO
1I.IM.A00
13.21. 000
12.172,000
lO.tl't.OOO
1 2.9 13, AAA
10.039.000
13.61'ii.OliA
.640.ono
$.116,000
.674,AA0
4 937.0AA
6.702,000
SPECIAL
A Iarje loaf of Bread
WHITE or RYE
5c
FRF.SM DMLY
l.h erd O Sis South Oineha
Total, U. S... 6,634,104.000 ,J36,372.000
Chlrsiro Potatoes.
Chics ko. March IS. Potatoes Steady:
receipts. 62 cara; total I'mted States ship
ments. 69 enrs: Wisconsin round whites,
sacked. $l.60H 70; poorly graded. $1 .60 t
166; hulk. $1.704t't.8ii; Minnesota round
whites, sacked. $1.6001.66; Idaho Kurals,
sacked, $1.7661.86.
ChlraKO Pioduce. .
Chicago, March IS. Butter Higher;
creamery extras, 39c; firsts, 2i3$c; sec
onds. 3 If? 33c; standards. 3$ 54c
Eggs Higher: receipts, 14.160 cases;
firsts. 23c; ordinary flrata. 2162154c; mis.
cellaneous, 22ff22c.
.it ..-
A 441 tq I
mm
The Object
OF INVESTING I. frequently to
obtain a regular income from
surplus funds.
THE REAL INVESTOR makes rer.
tain his capital ia anfe and th.n
endeavors to secure the highe-t
possible rate contingent on that
security.
INVEST TODAY where your money
will earn , dividenda quar
terly, with first mortgages on
homes aa aecurity.
ASSETS . . . . $9,378,0410
RESERVE .... 401,375
BUILDING L0AN
ASSOCIATION
1 8th AND HARNEY 3$ YEARS IN OMAHA
Food Index Higher
Bradstreefs Food Index number, based
on the wholesale prices per pound of
31 articles used for food, is $3.23. com
paring with $3.22 last week and $3.06
for the week ending March IT, 1921. This
week's number shows a gain of three
tenth, of 1 per cent over last week and
of 6 5 per cent over the like wek of last
year. ,
Increased.
Corn, mess pork, short ribs, butter, raw
sugar, refined sugar, eggs, prunes, live
heep. steel bars. Chicago old car wheels.
Chicago steel scrap, Chicago cast iron,
sptltef. '
Decreased.
Flour, red wheat, snrlng wheat, oats.
barley, rye flour, hams, lard, coffee, po
tatoes, live beeves, live hogs, live lambs.
cotton, gray goods, O. delaine wool, lin
seed Oil. -
Kew York Cotton.
New Tork, March 18. The list gained
ground In the cotton market in today'a
brief aession. after a firm atart, until the
last half hour when pressure from ring
raaera caused prices to ease off from
he top level. The firmness waa due to
Increased local weekend covering and
Liverpool support which lifted prices 10
l' ia points aoove r riday'e close. Added
ctlvlty In the later trading ended in a
modest decline and at the close December
waa but 12 points net higher and the rest
of the list up 2 to 4 points net. The
rocal apot market was quoted 6 points
higher on middling at 18.46 centa.
Spot quiet. 6 polnta advance. 18.46c
for middling upland
oouinrrn npm martlets: usivmon,
17.60c, 6 points decline; New Orleans,
16.75c. unchanged; Ssvannah. 17.60c,
13 points advance; Augusta. 17.13c. 13
polnta advance; Memphis, 17.25c un
hanged: Houston 17.50c unchanged:
Little Rock 17c 26 polnta advance.
Every Year-!
Every year about one-tenth of the
total population of the United States:
Falls down stairs gets run over
trips into open manholes gets
struck by automobiles leans too
far out of the windows or rocks
the boat.
The result is: 1 1,037,000 are killed or
injured by accidents each year.
Accident Insurance guarantees your
income, at a very small cost. Call
ATIantic 0360.
"Pays the Claim First"
Insurance AT Iantic 0360
Surety Bonds First Nat. Bank BIdg.
. Investment Securities
Kansas City Procure.
Kansas City. March 18. Egg..
.106H 106 106 and poultry, unchanged.
butter
GRAIN
WE solicit your consignments of all
kinds of grain to the Omaha,
Chicago, Milwaukee, Kansas City
and Sioux City markets.
W e Offer You the Services of Our Offices Lo caled at
Omaha, Nebraska
Lincoln, Nebraska
Hastings, Nebraska
Chicago, Illinois
Sioux City,' Iowa
Holdrege, Nebraska
Geneva, Nebraska
Des Moines, Iowa
Milwaukee, Wis.
Hamburg, Iowa
Kansas City, Mo.
Get in touch with one of these branch
offices with your next grain shipment.
The Updike Grain Company
"The Reliable Consignment House" ,
