Omaha Daily Bee Newspaper, April 21, 1910, Page 11

GRAIN ASDPRODUCE MARSE smuh“ Too Busy Selling Short te | { Heed Reports. | LOWING . UP .;Eitx; WHEAT | Reports of Abandening of Fields in Kansas and Nebrusks Are Be- coming Gemeral—Corn Slumps. OMAHA. April 2. - Cables on wheat eame lower and decid- edly weak, The speculative crase to sell whellt short Sontinuse’ & Tamaren. brasia are ‘siil ml.. and plowing up of the winter wheat flleds |s becoming more general. Wore than likely the market will | & oversold and #harp reactions will occur Corn. slumped off at the opening With wheai, oniy. 26 firm up later when early offerings were absrbed. Receipts are very modérate and shipping demand im- Proved. Wheat reoversd slightly from the break at the art caused by heavy seling on fower cabled: " Bebrs’ re sl o i tire TORFiet recetved iiftie SUDBOTT A% cafy conditions show no signs, of Improve- After th early bréak the corn market | fer #trehgth tham wheat and and other nearby firsts, (fres cases) e mark; current receipts, (in cases) 2o at mark: western firsta, cases) 3o at mark; eurreat receipts, eases) Zo at mark CHEESE--Unchanged WIATHER (free (free N THE tween Missouri and Reeckies. OMAHA, April », B disturbance stift o ke region ana The east the lower valley snows, with freesing ratures, general o ley duris and extreme upper portion of vefley this morning. cleared generally throughout temperatures are mugh higher throughout Rocky Mountain siops Heav curred again last night in Kansas. Missour! and east over the central and Thursday, With warmer tonight. ‘The following W‘I.‘lnnhmplm and cipitati for the three years: o S 1910. 1309, 1908 ‘1907, !lmmum te'lllp.r‘( ire | Precipitation rmal tem Deficiency ln n'.clmullun since .Al‘. l. 2.86 inches. Deficiency corresponding period in 1908, | 1.91 inehes. | “Deflctency corresponding pertod in 1908, returnable GRAIN BELY Rining Temperatnre on the Beneh Ho- verhangs upper Ohlo and unsettied weather continues gemeral througout that seetion. Rains and el er the lake region and Ohio val- the lpgt twenty-four hours, and snows continue in the lower lake region the Ohio The weather has the central valleys and west into the mountains and Missouri valley and along the eastern T frosts oe- valieys. The weather will be fair in this vicinity tonight NEW YORKSTOCES AND BONDS Occasional Buying from Bears Forms Principal Demand. COPPER AND STEEL WEAK Movement to Reduce Output of Pig Tron Tmplies Unhealthy Comdition in Trade—Addition to Gold Exports. NEW YORK. April 2 —Specific causes were not clearly perceptible for the weak- fess of stocks today. The demand was apathetic. Oceasionai buying from t | bears to realise profits by covering shorts { constituted the principal demand. but prices ended at the lowest. 6 persistent selling of United States Steel was of notable sentimental effect on the general market. The dealings in steel a large proportion of the of the earnings for the 0 be reported at the direc- tors’ meeting next Tuesday, accompanied the seiling. Assertions that the total would fall below the $0.00,000 total of the De- cember quarter seemed to discourage stock- Holders, aithough the lull in trade has been well known. The coppers were en weaker than stee] and were affected also by the falling price of the metal. The movement to reduce the the |4 000 r dollars of uilver certificates - outstanding. $490.574,000. General Pand—@tandard silver dollars in goneral_fund, SLEW.2M: current ilabilities. $101. 798,721, working baiance in treasury of- floes, $34.641.704; n banks to credit of treas urer of the United States, §35.40.919: sub- sidiary silver cotn. §31.764. minor eoln, | §3L011; total balance in general fund, §84,- | 70 New Voek Momey Market. NEW YORK, April 0.—MONEY-On cail, steady at 33 per cenmt n.nu rate, a per cent; clostng bid. o Sene; eftersd 3 ent. :\levp::y: ™ per o e cant: hinety Gaye 5 LE"PA?IR—-.M‘ cent; Six menths, EXCHANGE—Steady, P’mx: MERCANTY in sctual business in bankers' bills at o per. FreRLING for sixty-day bills' and at ; commereial bills, nnl.e “BONDS—Government, for dem steady; railroad, =8 l T §2332 OMAHA LIVE § OC ARKET Beceipts of c-ma Are Liberal nd Trend of Values Lower. mnu.Amurnmm Downward Movement of Prices I Checked Despite Liberal S ~—Sheep and Lamb Trade ia Dunt. SOUTH OMAHA, Neb., April %, 1o ; ““% e 2008 3 8.5% 19.080 wing table shows prices of hogs at South Omaha ‘for the Tast several days with com : Cattle d 11111 i ¥ sanile¥ pesesyees | | Illl’!!i;;’} lp;_;:;fi:;ag.:l 238 :l:a;xs-uz: ceeputreseieg® AzAgzEdsssiss - aflnr.?—'mm was iittle action to the | sheep and lamb trade at the opening todwy In fact, bids of any kind were hard to and it was well along toward noon before enough business had been done to estab- lish & basis of values. Warmer weather, which always exerts more or less of & bearish_influence on the demand for prod- ucts, and unfavorable wires from the sast | were two of the main reasons for the siack domand. Heavy supply and the fesiing in iliiing_etreles that loeal prices with other poinca, o | 0t Serve (o improve the situation. In the neighborhood of thirty-five double. | decks were yarded with the shorn end of the run almost as Jarge as wooled receipts, !;!iasniuaalls | 'b- u-‘u:' finally started, declines of | % were insisted upon and a large por- stock, mostly lambs, soid early at prices hardly worse than barely steady but the ik went of the deciine noted. Movement | w and duil from start to finish, | curcace LIVE STOCK WMARKET Cattie and Sheen Markets Reported Lower—Hogs Weak. CHICAGO, April M—CATTLE—Recoipta, D00 head; market, 10§iSe lower: steers, lwm cows, SASGT.S; L 7.0, buils, 9309650 weak; light, .7960.00; bulk of sales, SHEEP AND LAMBS—Receipts, hend; market, J0giSo lower: sheep, §1.00G an. lambs, $7.50G10.10; yeariings, §.0008 15 Kansas City Live Stoek Market. KANSAS CITY, April 3.—CATTLE-Re- #00 head, Meinding #0 southerns; for heavies, 00 to e lower; for 0o lower; for cows heiters Feondly: for oalves, 188 lower: chélce e part and dressed beef steers, §7.0068.40; falr to_good, $&THMGT.SD; Wektern stoers, 8009 800, stockers and feeders, $1.568.58; south- arn steers, B.5507. wouthern cows. $4.000 50; native cows, $3.75G7.00; native helfers, nmm. bulls, $6.00G6.50; calves, 00D HWRH’-"N& 12000 head: minvket, Se 5. bulk of sades, 35.50 | onipta. markat e SHEEP AND LAMBS_Receipts, | head: market, steady to 10e lower: foan lambs in the wool selling | $5.5069.90; as §10.00, with wooled yeariings rs:nns . recovered the joss. Cash sales | o o OO were active on lMght receipts and small | * 1 A WRLSIE Tatat Porpstntes. offerings. were taken at 4c over yesterda Primary , wheat Teeeipts wers 246,000 D1 priy e Sedinit: Diibasie:. For Omaha, Neb., for the_ twenty-four and shipments Du. asai receipts | L and ship- “M:‘.‘u‘ 3 A 5 5 hours ending at § a4 m, Tth meridian bu. output of pig iron, coupled with the advo- cacy of curtaflment of copper production, implies an unheaithy condition in those trades. It {s probable some degree of speci- lative depression was reflected from the commodities markets on the stock market ‘This s contrary to the usual order, owin; } yearlings. _580079.35; s $L50G8 B, S = cors at $8.40 and shorn lamba at 3. Current prices on shorn lambs are just | about Te less and prices on shorn sheep | around e less than values on similar | ST. JOSEPH Aprit Quality of wooled shipments. The following | ceipts, 1000 head: market steady St. Joweph Li . —CATTLE—Re- i Primary _corn repeipts were 34200 bu. And SHIpIMERCS ware 65,000 bu . against re- ceipta iast year of 29000 bu. menty. of 204,00 bu. CleArances were 106,000 bu. of eorn, none and ship- tie, Wednosday, April 3, 1910: OMAHA DISTRICT. | to the fact that the declines in grain an cotton are due usually to promising erop prospects. The effect of the government inquisition into the cotton pool is held re- sponsible for much of the unsettiement. The additions to the gold export move- ment were an ‘nfluence towards depres- i . (W 5258239 ig i ] 3 T Lhd fafls isdr Tue vooced Soteiione spply o the latter Ol of | to choice lambe, .50010.0; | B0G5; ood light [ yearlings, .86 5; ~~ o108 lower: steers. 3. hettera, c.h.."!‘ 38—Receip! 0 ead; st ndy To e higher: top, $9:18: bul - 0. SHEEP AND LAMBS-Recet head; market steady: lambs, L Recelpts and disbursements of live stock at the Union Stock yards, South Omahs, for the twenty-four hours ending at 3 p m., yesterday: RECEIPTS. Ci C. M. & St. P. Ry. Wabash R.. LN closed 1%4@1%d, lower on wheat i £ aithough no direst effect was per- ceptibie in the tone of the money market. Rates for call loans, jn fact, were sol the démand for time loan: | is_reported to be almost stagnant. Discount rates were firmer in London and it s to that center that attention is directed for money market Influflll Bonds were heavy. Total sales, par value, §1.960,000. United States bonds were uEchanged off eail. Nnmber of sales and leading quotations of stocks were: 9F outs and wheat and flour equal to .00 ) Columbun, Neb: e 5F e Culbertson, Neb.. .#‘ P 85 eptats: Fajrbury, ' Neb.. Al‘llul- | Open.| 1 H.Ilh | Law..| Close.| Yes'y. | & ! %3 Stock Receipts of live stock at the five prine cipal markets yesterday. Cattle. 7.400 i 7t 'u,'ua.!a”:u;" et ai:aiinaai Feysiagingy Besma SHHRISBERLBEHBSESHEBEEN Hogs. Sheep. 7900 3.0 | South Omana . aneusetonntaiBocon Sales High. Low. Clom. H amflmriéfi p twelve-hour + Not included | Herbert E. Gooch Co Brokers and Dealers Omate O¢tion: 113 Moard f Frate Hag period ending at § a. m. in averages. ¥ wwr—u.. 3 Nacd, gLl No. 3 rd, No. 4 hard. ; re- Bo 2 spring, WESL00s; ; No. 4 spring, S9@¥c; igo; No. 3 durum, Si1Q) Bn—-no ] 'hlla. W%e; No. 3 white, ‘white, 2 yellow, Central. Columbus, Louisville, ndianapolls. WE OWN AND OFFER '$2,000,000 Pacific Coast Power Company First Mortgage 5% Gold Bonds Dated March 1, 1910. Due March 1, 1040. Optional at 105 and interest March 1, 1915, or any interest payment date thereafter. Semi-annual interest payabie March 1 and September 1 at Harris Trust & Savings Bank, Chicago. Denominations $1,000, In coupon form, with privilege of registra- tion as to principal only, or in fully registered form -without coupons. Pending the preparation of definitive bonds, temwporary bonds will be delivered. Harris Trust and Savings Bank, Trustee The Pacific Coast Power Company owns lands and water rights on the White and Stuck Rivers, in Washington, within Wlnw miles of Seattle and fifteen miles of Tacoma, which, in opinion of engineers, are capable of the development of 80,000 horse power at an exceptionally low cost, and when completed, this plant will be one of the most valus able hydro-electric pwoverties in the United States. The Company also owns more than sixty-six per cent of the common stock of The Seattle Blectric Company and more thau seventy-two per cent of the common stock of The Seattle-Tacoma Power Company, which corporations have been in successful operation for many years. CAPITALIZATION (As officially reported) Authorized Preferred 6% Cumulative Stock..$ 1,500,000 Common Stock .. ... 9,000,000 $6,747,300 First Mortgage Bonds 10,000,000 2,000,000 Additional First Mortgage Bonds may be issued only under conservative restfictions of the trust deed. NET INCOME APPLICABLE TO PAYMENT OF INTEREST ON THESE BONDS IS OVER THREE AND ONE-HALF TIMES AN- NUAL INTEREST CHARGES ON ALL OUTSTANDING BONDS. 7 No. 3, ll‘.l . N '!‘nlnm P '!.:mluynll W, 0. & W M ow, Togatue: No. 4 yellow, S@OTke; No. “—No. 4, W@Slc; No. 1 feed. H@ ln!-xn 2, TI%@T%e; No. 3, TIH@TN%c. ¥ Cartot Receipts. ‘Wheet. Corn. Oats. g fifl!gi;i:!::l’l ABTHSLEES H2RBREERES Omaha, Neb... Rcins and snows were general in the corn and wheat F E i3 i Mississippi were again general over the corn Wheat Belt and heavy frosts all portions. Y. A. WELSH, Local Forecaster, Weather Bureau. MARKET 553 élll 3% New York Curb Market. The following quotations are furnished by am, 315-South Sixteenth street: NEW YORK GENERAL Quotations of the Day om Commodities. NEW YORK, April 3.~FLOUR—Quiet | 3. winter CHICAGO w AND PROVISIONS Various e Features of the Trading and Closing Prices on Board of Trade. Cchfio April 2.—After a maximum fld t‘l-h': 'n:d‘ vCm'“ “= at & net advance. an ‘were of wheat, although major registered an advantoe regardiess of a weak hog initial deciine in wheat cacried May and September to ... 64 A (_AT'H.I-—anupu were fairly iiberal to- day and the quality of the offerings was about s good as it has been at any | time of late. 15.7' hbis.. shipments. tfl bbis. Rye flour barely steady: fair good. $4.354M.45; cholee to faney, fi-mfi CORNMEAL—Steady; fine white and y. 1.{; TLOGLAG; coarse, S1.5@LN; kiin drltd. RYN-Nominal: No. 3 westurn, Wiis, £ & easy: No. 2 red. SLIT: their offerin, Shorts. ity - L eron. PR o g g d B 2 e S PR ayuni gRRgEvel sugngd ”!'E?i"!gil Bank Clearinas. OMAHA, Aprif 2. —Bani nk cloariugs for to- day were $3,015,18135, fap_the corre- sponding date last yer = ere B30 1. | | | | | trade was decwlodly weak. The supply of cows and heifers was by no means exvessive and with a good genm- eral demand, e market beid very pearly n-ny at least for afferings. um and common cows were indifferent oelioen Sd 1t Shiraealiyr vook SEAGel Peines to move them. Veal calves ‘were fully steady. but the market for bulls, stags and t. —The cotton mar- | ine of g6 potnte wvor- | No. 1 Northern, $L15%, £. o. Opt ‘export lored. &, gaimed' the loss on’ =3ub: uo bigher ot B closed at unchanged tem mprov D e cariy.de- | EXDOTt sales were Artoe cline and latar sho B 2 H oen 5'?'5'!"353525 ey % 57 | 150 % 7% 1% £ oy 8y e ® = » 3 0% ‘it and No. 4 nominal elevator export and No. 4 nominal elevator export basis. Export No. 2. fS%e nominal, f. o. b. Option mar- ket was asy tunder liquidation by spec lative longs but rallied with wheat, clos- ing irregular at Ue deciine to Xe advance: | July, mber, Toige. “Recolpts. 18,00 shipmentar 5000 OATS—Spot, steady: mixed—2G82 pounds, nominal; patural white, %32 pounds. &\ | clipped white, 34G42 pounds, 46:4@82c. | No. 38588588550 ¥ §oul Betygagpde’ ctive, as supplies were not Irge, | and there was & good showing of country | buyers in the yards. Good stuff of il | weights commanded about steady prices, 12955; | but there was the usual dull and weak ma December, | ket on the iow grade and off-quallty kind: | The volume of business was comparacively 1t Cotton spot closed quiet; middling up- | g " tandn BaEE; migding S 13 saien 80| Quotations on cattie: cornfed steers, §i. PUF Lovrs. Ao a0, e | changed; middiing, 1858 9. = | receipts, 1775 bales; shipmients, 7,558 bales: | cows an i stock, 3,720 bale Close: 5tc; July, terday. Cotton _futures closed April, 14.39%; May, 147%c; ‘June, 14. | 16.85c; August, 1382¢; “September, 115% | Oetober, 12.38¢; November, 12.2%¢; 1o, | .3 v 12.210; January, 1218 i 1348 | » s3eey evaunushy Eousnedsdat B H 1 s state, common to chaies, nominal; coast. 1908, 15@15¢; 1908, nominal. HIDES—Firm: Central 2%e: B-.molu Issned. Good to chof %o “ood None No. 2, L HOPS-—Dull; 1909, 3 g % 5§e America, Firm; hemlock _firsts. Sc locondA 2B@2Tc: thirds, RGBc; W PROVISIONS—Pork, $24.50025.00; family, $26.00G27.00; .50, Beef. i Sumily, BRUGILE: hama Jeiegme pickled beilies, 10 to Tha., FILS0GIT 00; pickied hamn mn.nu Lard, firm; middle west, prime, 92.90; refined, unsettl South America, $14. TALLOW—Dr city, Mge: —Dull; prime city, Tge; coun- try. T RICE—Steady; domestic, 3@6%c: Japan, c. | BUTTER—Steady; creamery held, second to special, 24@2lc; creamery, third to first, | B@3lc; state dairy, common to tinest, 4@ | CHEESE—Quiet; ptate full cream, new, best. 13%c; common to fair, 1 western Dacked, | packed. | ) 10631 0653 1 00%( 1 00% 8 & BOSTON, April 3.—WOOL—Hedvy move- In_ nearly all grades especlally in eeces, at somewhat lower A _the.ibeak woel, tazket. - More tavorabie | been received from the west whers mwn are reported to be willing |- to shade prices. More than a million ! pounds af O mu gne-quarter blood changed hands have been some | neavy sates "o territory stoek. | Domestic guotations as follows: Ken- tueky., Indiana and ~ Missouri three- eighth blood, Mc; quarter b 29g70c. Scoured Basis—Texas fine, twelve months. : fine, six and eight months. B3y 3 EE%!??ER!:'%’!}!!S! g P S IR 4 i }] ég_ ssi For full information regarding these bonds reference is-made to a letter of the Stone & Webster Management Association, managers of the property, copies of which may be had on request, and which sots lnnl the following important features: § 2 igage oy (i L ha L LEEEELE S Y H EEE RBER BEE B [ fal 3 «.ulrnmm—worumrnl ;. middle m}umv. b o regon—Lastern s Wghc; valley No. L B@isc; fine 5 @@ese fine 1t 1.—Bonds are secured by a first mortgage upon very valus able lands and water rights now being developed. 2.—As additional security for the bonds there is deposited with the Trustee $4,125,400 par value of the commmon stock of The Seattle Electric Company and $1,637,400 par value of the common stock of The Seattle-Tacoma Power Company. 8.—At present market price of the stock of the Pacific Coast Power Company there is an equity in the property over the bonds of approximately $6,700,000. 4.—Company will serve a population mow estimated st 450,000, including cities of Seattle and Tacoma. WE RECOMMEND THESE BONDS FOR INVESTMENT. Price 97 and Interest Special Descriptive Circular on Request BOND DEPARTMENT Harris Trust @ Savings Bank Organized as N. W. HARRIS & (0. 1882. Incorpowated 1007. MARQUETTE BUILDING, CHICAGO N. W. HARRIS & CO., New York " saanassanssssel ::%Egganuu 4 3 BEEESEESERRESES KGR RRk MEe 2R3 3% N 2% B BEE BEE BnB H el El:! R ¥ sBBezaay 1t EGGS—Easy; fife & b i b 4 bk v iy BUE R, s SgEus quarter blood ~eombing, - 4GS extra, T0c; fine A, Sc; A supers, il Coffee Market. W YORK, April 2.-COFFEE_The market for coffee futures steady at unchanged prices to a deciMme of 5 gaints in sympathy with the showing of Buro pean markets and as a result of scattering near month liquidation. Most of the near month longs seemed to be replacing their sales of May by purthases of the later months, but.in spite of bullish Brasilian | erop estimates, the market added to its ! Initial loss, steady at a net deeline | of 510 points. Sales of {2,000 bags included | switches to the extent of 36000 bags, chiefly from May to March at about 4 points. April and u-y. $.45; June, 3%.5; | July, %6.65; August, September, Octo- Ber and Hervamis, B oot X January, $6.82; February, .8, and March, | Spot_quiet; Rio No. 9ige. strong; towls, Mgo: Dressed, dull, but firm: fowls, 15@i%; turkeys, P r pess July. @%e. dull; | SLOGLYT; No. 2 hard, | M. April 20— WHEAT—Mutures ' ol S Sus BEuy B GATS-Fatures higher: M axe Ry res higher; May. e; ! BHR@He. Cash steady; z N;x}) hite, TR—Dull; red winter paten 53; extra fancy and stra s hard winter el TIMOTHY OR BRAN--Dull; 1.08 HAY- prairte, for tomorrow: Wheat, cars; oats, 83 cars; hogs, a_ liberal iy, duwnwlrd trend of hog values was shecked = Sacked. east track, $.059 | » No. 7. $ie: Santos No. 4, : P ; | Milid “"'";E"ffl,m"‘“' Metal Market. t Good light hogs NEW YORK. April 3. —METALS—Stand- Suoughout nd weak more of this | Practically all of the hogs hu.l noon. u-wum-.: @8e. Der The rate of discow open market for short bills ls 3 u‘n per eant; for three months' bills, % per ce Te. b 3 0047 25.00. aARD—Steady: Prime” wteamy ™ i 40 "SR savt MEATS-Steady; shorts. ie4e; elear ribs, Xflbc hon extra HEMP PORK—Steady ; N. W. HARRIS & 0O\, Boston ard copper was on the New York any imp: Metal exchange today. Local deaiers quote | NI %% v 8 nh:wp_;r ll.l m:&n -I!J‘ecu'flflw. b ng, 12, London | hands fore Boston Stecks and Bounds. vt ,,_..“'_,,‘ 6 10a: futures, | .A larger share of supply went ut 8835 | 2.~Closing quotations | §57 e. Tin, dull; ..ll dellveries to the | 596, as 5"1"!‘ With yesterdny’ 1 shart. |end" o July quoted. at 382 B8ge % Tops remained the same, d8. [Amal. iu—.- i | English was firm; _spot, i talve saiee: fl_"‘" Avtzana Com Atlantte market - m&-;-. : creamery, NG mos—-n.m Flour, bbis. Wheat. bu. . Financial Talk No. 2: A reliable investment in a 6% Railroad Bend is seldom obtainable. By reason of our facilities for inspection and investigation we are enabled to recommend such an in- vestment to our customers with assurance. Sometimes we are eriticized for being ultra-conservative. Perhaps we are; we regard it as a virtue, not a fault. 3 If you have funds awaiting profitable and safe in vestment, we invite correspondence regarding these 6% Railroad Bondl. LAWRENCE BARNUM O co. BANKERS. 2 27 Pine St, New York. 4 1T fi’i.. I fi i i i {1 ! i fa Pm 3" [ Hednge i 11 z%fi . HE g 0MGS.00; steers under L. ; stockers and feeders, an $2.00G7 $4.0006.50; calves. and Indian steers, B heifers. $3. i W ‘cows i i ‘ifl.‘ q i T HE o i1 i Philadetphts, P e