Omaha Daily Bee Newspaper, October 30, 1916, Page 14

NEW YORK STOCKS Shares Irregular Almost From Outset of Brief Ses- sion, STANDARD ISSUES LOWER New York, Oct. 28.—Stocks were Irregu- lar almost from the outset of today's brief, but mctive session. Standard or investment Issues were moderately lower and compara- tively neglected, while coppers and those specialties which figured so extensively in the dally operations, were decidedly strong. Utah Copper was the foremost-feature, with the “wide” opening of 8,400 shares at GRAIN AND PRODUCE Excellent Cash Demand and Heavy Exports Boom,the Wheat Market Again. CORN SETS A NEW RECORD Omaha, Octobf 28, 1916. The strong export situation gnd an ex- collent local cash demand gave the cash wheat market another boost today. Wheat was espectally strong, the hard winter -selling from 2% @3c higher and the durum seliing about §c above the av- erage price of yesterday. THE BE'E: OMAHA, MONDAY, OCTOBER 30, LIVE STOCK MARKET Most Kinds of Oattle Lower for Week—Fat Sheep Higher and Feeders Lower.. * HOGS LOWER FOR WEEK Omaha, October 28, 1916, Cattle. ) Receipts were: Offictal Monday Officlal Tues Official Wedne Officlal Thursday Officlal Friday ..... Estimate Saturday ... 200 5,029 4,887 1.228 6,185 4,700 11111 11,747 8,282 8,929 / 1916, beet steers, cows and heifers, has been Very | a5 two weeks ago and nearly three times good and the market in satisfactory condl tlon up untll the latter part of the wi when th gradual e lings were in especially active demand, ing up to $11.00, the highest in the history the market. Other kinds of cornfeds havi sased off and are now 16@25c lower than last week. Grass beef has also eased off, closing 25c lower, Cows and heifers aré anywhere from steady to as much as 10@ 16c lower on some kinds. Stockers and feeders poured Into the yards at a rapld rate, while the high grice of sed a noticeable decreage in Yhe de- such an extent that cattle began accumulating, especially in the hands of spoculators early in the week. This caused a steady weakening in the market until at the klose prices are 25@36c lower than last week's close. Quotations on Cattle: Good to choice beeves, $10.00@11.10; fair to good beeves, $8.60@10.00; common to fair beeves, $6.50 0; fancy heavy grassors, $8.76@9.75; as heavy a8 for the corresponding week of last year, The market was somewhat unevep, but as a general thing w stly 6@10c high- or, Chicage wired odtlook “early, and one of the local pac hogs on the strength of Lhi more than steady to Sc high As eral thing, however, the trade opened (ully 6¢ higher, and by the time the bulk of the hogs sold was 6@10c higher. Bulk of the sales was made at $9.70@ 9.85, Best hogs here sold at $9.95, and while this is a nickel lower than yesterday's top on paper, the actual sales were anyway 6c higher, there being nothing as good as yesterday's $10.00 load here. Compared with last wéek's close, today's market is fully 10@15c.lower. Monday's dime break as not quite he next two days and less than half of the 20c break that was enforced” Thursday and Friday was recovered this morning. Representative sales: ade up in the advances of | has not been quite as rapid, but muttons ling 26@40c higher than they were ago. Despite the fact that the packer market p rapidly, the feeder trade has all week. Feeding lamb prices on best kinds, to as much as 36@35c lower on_medium and plain offerings. Quotatfons on sheep and lambs: Lambs, go0d._to | hoice, $10. usmw dambs, fair to lnnd $10. ub @5. ing, $4.60@5.90; breeders, $6.00@8.50. ewes, CHICAGO IJVE STOCK MARKET. Cattle Market Reported Weak; Hogs Weak; Sheep Firm, "el asen, ! 5 steady to 5c higher; top, $10.15; bulk of sales, $9.76@10.06 -Ni market 0.0l wes, $7.00 \ recel] Bheep and Lam| pf 810.90; unchanged; lambs, @1.25. St. Louis Live Stook. St. Louls, Oct. 28.—Cattle—Recaipts, head; market steady; native besf ste $7.50@11.00; yearling steers hel $8.50911.15; cows, $5.50@7.65; stockers and feeders, $5.30@7.50; prime southern steers, $5.0099.00; cows and heifers, $4.60@7.50; prime yearling steers and heifers, $7.50G 75. 200 s, 401 B market steady; lambs, "600’1075 ewes, | $6.75@7.25; y.lrllnll n 000! 5. Six days this week......52,700 35,762 Same da: week. ..66,987 26,137 117,767 Same days 2 §0.48,168 16,865 142,783 | Same days 3 64 28,060 139,257 | Same dnys 4 58 29,452 174,376 Same days lnst' yi 43 13706 86.172 Recelpts and disposition of live stock at the Unfon Stock Yards, for twenty-four hours ending yesterday: fi/ | Cattle—Receipts were insignifl today, | there not being enough In sight to make a | market, but for the week receipts have beon very large, footing up a total of 52,700 head. With the exception of week, this is the heaviest run of the year, and pros- pects dre good for another large run| the comind week, This is the heavy shipping season for range cattle and a great many of the cattle coming forward are on the stocker and feeder order, as usual at this time. The demand for killing High price records on both wheat and corn were established, durum wheat selling at $1.90, a newwshigh mark for any kind of wheat ever sold in this market No. 2 hard winter also sold for record « prices, the bulk of the sumples going at $1.83% @1.84, while the general run of No. 3 hard sold around $1.50@1.81% No, 2 yollow corn sold for a record price of $1.01, whlle the average sample of yellow curn s0ld around 99c. There was no whity corn sold and the mixed corn of the com- merclal grades sold well up around 31.00, although the new corn sold about 4c be- low. old corn of the same class. Corn as a general proposition was quoted from 1@ 1%¢ higher, Rye advanced from 1@2c and barley was quoted unchanged. Oats receipts were not very heavy and the “bulk of the samples graded No. 3 white and sold at b1%c. ‘'he demand for rye was excellent and record prices were also paid for this ce- real, the No. 2 grade selling at $1.36 and the No. 3 at $1.34@1.34%. Wheat and flour equal corn, 40,000 bushels; Wheat 3%3 hig! an advance of about 3 points to the new record of 100, this being later extended to 108%. Chino Copper also made a new high mark on its gain of % points to 624, with gans of 1 to 2 points for Inspiration, Anaconda, Kennecott and Shattuck-Arizona coppers and American Smelting. General Leather repeated its almost daily performances of mounting to a new maxi- mum, gaining practicaily 3 points at 98, and Cuba cane sugar, common and pre- ferred, sold higher than ever before at 76% ahd 100, respectively. The motor Kroup, equipments, zinc shares g00d to cholce grass beeves, 37.66@8.75; falr to choice grass beeves, 36.16@7.65% Chlanso/ ot common to_fair rass boeves, $6.0006.76; g00d to cholce helfers, $6.750 7. choice cows, $6.40@6.75; falr to $6.75@6.26; common to falr cow 5.76; good to choice feeders, falr’ to good feeders, 36.50Q7. to fair feeders, $6.76@56.50; good to cholce stockers, $7.50@8.16; stock heifers, $6.260 7.26; stock cows, $6.26@6.25; stock calves, 16.00%8.00; veal calves, $8.00@10.00; beef bulls, stags, etc., $6.26@6.25, | Hogs—Recelpts of hogs were by a few head the lightest of any day this week, estimatos calling for sixty-six cars, or 4,700 head, which Is twenty-seven head smaller total is receipts 10,500 large No. Av. Sh. Pr. 47..290 240 $9 65 64..260 975 160 9 80 16..262 9 90 160 9 96 Sheep—Fat lambs, arier dropping 16@26c last Monday, reacted the following day and s0 sharp has been the advance since then that™ they are now selling 50@65c higher than at the) close of last week, or right around 76c_higher than at the low time Monday. Total receipts have been light, and on top of this only a small share of the arrivals has been in killing flesh, s0. with packing demand In healthy congdition, any- thing but a sharp upturn was out of the question. Best fat lambs here Friday sold up to $10.90, a new October record. Some medium range lambs and comebacks from feed lots are going around $10.40@10.75, ac- cording to quallty. In the aged sheep division ¢he advance ' 28.—Cattle—Receipts, 1,000 : market b $9.65@9.70; ulk of sales, $9.60@9.75 Lambs—Recelpts, 500 head; lambs, $9.10@10.25. 160 $9 70 and feeders, $4.65@7.75; cows and h-llcu §3.35@9.50; calves, $7.00@11.00. Hogs—Receipts, 18,000; market weak,5@ 10¢c below yesterda, e; bulk of sales, $9.70@10.10; light, $9.46@10.1 $9.60@10.30; heavy, $9.60@10.. $9.60@9.75; plgs, $7.50@9.35. Sheep and Larbs—R. market $3.9007.50; lambs, §3. 50@11. 16. Bhee mlrkel nndy “Oll and Rosin. 28.—Turpentine—Firm, 1s.; receipts, 229 bbls.; ock, 18,121 bbls. 1,037 caskp; recelpts, pments, 133 caslis: stock, Qino e: B, C, D, $6.20; B, K, M, !6 35; n' #6.45; WG, mixed, rough, , 3,000 head; And petroleum were lower by 1 to over 3 6.66; W, points, business being most marked in Stude- | Jiiauts baker and Maxwell. General Electric also yielded on moderate offerings, with National Biscult and Pittsburg Coal. Atlantie, Gulf and West Indles were firm on the excellent statement of earnings for August and the elght months of the calandar year, but Marines were under sl t pressure with St. Joseph Live Stock Market. St. Joseph, Oct. 28.—Cattle—Receeipts, 600 head; market steady; $6.60@10.60. cows and heifers, $4.25@9.75; calves, $7.0 10.50. * ‘ Hols—Recelnls 4,500 head; . e Cotton Market. New York, Oct. 28.—Cotton—Futures open- dy; December, 18.97c; Janu- 0c; March_ 18.96c; May, 19.09¢; July, 4% than Monday's run. The wee the heaviest since eight weeks having been 35,752 head, w! larger than last week, over twice ary, market ' 19.10¢. that is cattle, United States Steel, I3 low priced rails. Chief among the latter were Denver & Rlo Grande, preferred; Mis- souri, Kansas & Texas, preferred, and Rock Ipland, the latter being sold freely on delay in the discharge of receivership. Total sales were 660,000 res, The bank ement met popular expec- tations In Its actual cash gains of about $20,000,000, a loan expansion of almost $35,- 000,000 dnd an dncrease of over $11,000,000 in reserves. Clearances were: to 389,000 bushel onts, 15,000 bushels. Liverpool close against recelpts of 0 ments of 1,242,000 bushels las Primary corn receipts were 306,000 bush- els and shipments 393,000 bushels, against [ Bonds were again irregular, with some 297,000 bushels and shipments | reduction in- offorings of internationais. Total salds, par value, $2,660,000. Fo 190,000 bush- | States bohds were unchanged on call dur- ushels, against [ Ing the weel \ d shipments Mmb-r of $300,000,000 United Kingdom of Great Britain and Ireland 5Y,% SECURED LOAN GOLD NOTES . : Interest payable May 1 and November 1 3150,000,000 Three-Year Notes due November 1, 919 $150,000,000 Ftve-Year Notes' due November 1, 1912 DIRECT OBL(GATIONS OF THE GOVERNMENT of l'l 00 bushe CARLOT REFEH”TS . Corn, Oata. n Sales. High, Low. « 1,200 103 3,300 1,600 9,800 22,100 2,400 200 1,100 30,300 American Can. Chicago 334 Am. Minneapoli Duluth Omaha Kanss City . 8t. Louls Winnipes .. These saléa were reported lodly Wheat—No. 1 hard winter, 1 ca ' ™No. 2 hard winter, l ca 34 10 |4 Am. T 2 Am. z Dated November 1, 1916 Bald. Locomot} $1.84, | Baltimore & Ohlo ank Rlvld Tra 11 Chtes 17! 4 Hlll. 1 car, $1.80; 1 car (‘ (Il(ht) $1. u N' 2 durum, 1 car, 0, No. 2 mixed, 1 car, $1i84. No. 4 mixed, $1.76; 1 car, §1.72; 1 car, $1.68; 1 car, $1,06; 1 car (light), $1.| .car, ".“ R; No. 1 oar, $1.35; No. 3, 1 ear, , $1.34, No. l. 4 cars, $1.32. Principal and interest payable in United States gold-coin, at the office of J. P. Morgan & Co., or, at the optwn of the holder, in London in sterling at the fixed rate of $4.86Y; to the pound. Principal and interest payable without deduction for any Bntufi taxes, present or future. Coupon Notes of $1,000, 35,000 and $10,000 I?ademablc at the option of the Government, in whole or in part: on thirty (30) days notice, as follows: Three-Year Notes * 103 and interest 102 and interest 101 and interest .01; 1 car (old l:d ow), :I.N&n 4 nl.lov 1 c:r ((ll"')). iy N' inter, Con. ar (new o, | Inapiration Copge ed: 1 ‘car, $1.00. No. 4 ( ‘ s u! mixed: 1 car|Inter, Harveste: Int. M. Oats—8tandard: 1 car, 63c. No. 3 white: | K. C, Bout 10 cars, 81%e. No. 4 white: 4 cars, $1Ke. cnnm“‘g. Sample white; 2 cars, 60%c. Loumul- & Na ‘Omaha Cash Prices—Wheat: No, 2 hara, Mex. Petroloum u: 3 nu. u u.n 84; No. ¢ | Mismi Copper.; 01. i} | M K. Missoirt 1" Paoltio Five-Year Notes 105 and, interest 104 ‘and, interest 103 and interest From November 1, 1916 to October 31, 1917 mcluswe I 1917 1 31, 1918 1, 1918 - 31, 1919 1, 1919 31, 1920 102 and.interest 1, 1920 31, 1921 101 and interest d To be secured by pledge with Guaranty Trust Company of New York, under o pledge agreement executed by the Government of securities approve by J. P. Morgan & Co., of an aggregate value of not less than $360,000,000, calculated on the bgsis of then prmdmg market prices, sterling securities being valued in dollars at the prevailing rate of exchange, viz; Stocks, bonds and / or other securities of Amoriun corporations (including the Capadian Pacific y) and bonds and / or other obligations (either as or |n-nntor) of the Government of the Dominion ogunud-, the Colony of Newfoundland, and / or provinces of !lu Dominion of Canada, and / or adian municipalities: Aggregate value not less than $180,000,000 (Of the foregoing there will be somewhat over $100,000,000 if aggregate value of securities of cor- porations of the United Shl d of the Canadian Pacific Railway Company.) Group II. Bonds and / or other obligations (either as maker or guarantor) of any of all of !lu sever following Gournlncnh, to wit: Commonwealth of Australia, Union of South Africa, New Zealan Argentina, Chile, Cuba, Japan, E'Kpt, and India, / or approximately $25,000,000 value in bonds or other obligations of ing British railway companies: A'muh value not less lhl ’I»..“.m Total $360,000,000 “ “ “« “« N, H, Norfolk & Wesi 6 | Northern Pacitic, Pacitlo Matl, P vania “« “« “« “« 2 29 ) 'zzg it A33% 130 ug The heavy export saiet ot el u;“}m all ce s o an early advance in ’I: Iny fiM Group 1. .‘ 290,000 lnllwly Com; lboul ihe ,,:‘.'."“‘:: o Jarsely | "Total salen for the 50,000 shares. time ia the extraord . g oty heat by’ the orary &-| NEW YORK GENERAL MARKET. Quotations of the Day on Varlous Leading. prices t -tmlw.'x;:-;b':flm Commoditios.' mark of §L84% and Flour — Strong; & demand for corn and uu $8.30 ol ts, $8.45@ Increase and these markets Whul—lm l(n; No.. 1 G\lrnm. ' 16. w | wubstantisl gaina, . No. . 02; No. 1 noerthern, Duluth, range ‘ot _options; 9. nm; northern, Manitoba, $2.03, f. 0. b Now York, Corn—8pot steady; No. 3 yellow, nominal, . 1. New York. Oata—8pot tirm. u;y—qum lon—<Firm, Lnllul‘—-a'lrm P, mess, $31.00, clear, $28.00030.60. Beef, mess, §22.60@23.00; family, $36. Lud atrong; middle west, $18.90Q B8Y Turnished The B .Ia.u ldg-rn. and grain brokers, .r.“o'—"m' PNy Deetil, (10 ha. Butten—Steady; recelpts, '7.516 tubs; stac outh Sixteenth street, Omal o /K @I6Ko: Arats, 344 @36%c; nds, 33034c. chod il % |, Exgs—Bleady; receipts, 17,807 fresh gathered, extra fine, 39@40c; um.. 37@38¢c; firsts, 34@36c; seconds, nQ C ese—Firm; receipts, 3,087 box: M, speclals, 21% @21%¢c;" sam fancy,’ 2le. Poult firm;" chickens, 1114 @ 8%4¢c; fowls, 16@19¢c; turkeys, 23@26c. It d, dull; chlol-nh 20Q30¢c; fowls, 17@ % | 34c; turkeys, 260 33¢. 26 75 e T 2 26 57 Coffee Market. New York, Oct. 28.—An opening advance 18 25 | was followed by inrp break in the cof 16 46 market for futures here tod May contracts ling off fdmm e to 14 66| 8.60c and closing at 8.49¢ bld. The open- 14 12 | Ing advance of from 2 to 8 points seemed to reflect somd further buying from out- and covering, but after there a lrnlmd the h i of 0\” Pending the arrival and deposit of definite securities as above, the Govemment is to depomt temporanly with the Trust Company either approved New York Stock Exchange collateral or cash. If the pledged securities depreciate in value, the Government is to deposit additfonal securities.to maintiin the' 20% ‘margin. The Government is to reserve the ngh{ from time to time to sell for cash any of the pledged securities, the proceeds of sale to be applied to the retirement of notes by purchuer or by redemption by lot. 5 Eon the retirement of the three-year notes, a proportionate amount of the collateral may be wnthdrawn lpproxxmately ratably £from each class. A X The Government also from time to time may make substitutions o securities, but such substitutions are not to-vary the then relative amounts in value of the groups. ' All substitutions, withdrawals and valuations of securltles are to be approved by J. P. Morgan Co. N ) \ This offering i3 made subjecd to the approval by our Counsel. of mecessary formalities. | WE OFFER THE ABOVE NOTES FOR SUBSCRIPTION AS FOLLOWS: The Three-Year Notes at 99, and interest, yielding over 575 per cent. The F ive-Year Notes at 98Y, and interest, yielding about 5.85 per cent. Subscription books will be opened at the office of J. P. Morgan & Co., at'10 o’clock A. M ., October 31, 1916, and will be closed at 10 o’clock, A. M., November 8, 1916, or earlier, in their discretion. By 62 514 56% c-m J} | utate, nvcnu‘ -Alive, No. 2 mixed, §1.00@1.01; |80 i No. 3, 31.00; N ried May contracts about 48 points und e THE RIGHT IS RESERVED TO REJECT ANY AND ALL APPLICATIONS, AND AI:SO, IN ANY EVENT, TO- AWARD A SMALLER B0 Bbitin: Dicwmter, ontlc: | 0K ah jeisl e ant Wedivany. | Tio AMOUNT THAN APPLIED FOR. , " e 3 White, §8056%c: No. 3 mixed, | 68 Getaber and Novembe \ ——— "’:-'n»—dmm AMOUNTS DUE ON ALLOTMENTS WILL BE PAYABLE AT THE OFFICE OF J. P. MORGAN & C0., IN NEW YORK FUNDS, TO THEIR ORDER, AND THE DATE OF PAYMENT WILL BE GIVEN IN THE NOTICES OF ALLOTMENT. Bl T Temporary certificates will be delwered pending the mam{n; of the definitive nom. " Poultry—Hens, J. P. MORGAN & GO. NATIONAL CITY COMPANY "c HARRIS TRUST & SAVINGS BANK " New York City Chicago WM. A. READ & CO. New York, Oct, 28.~Evaporated fancy, 7% @8c; chol J. & W. SELIGMAN & CO. LEE, HIGGINSON & CO. LAZARD FRERES WHITE, WELD & CO. yl"lmt. ‘%.I‘c Dried GUARANTY TRUST COMPANY of Netw York FARMERS LOAN & TRUST COMPANY z New York City HALSEY, STUART & CO. Chicago coft Rio T8, 9%0; Santos 10%e. Undescribed Santos in the cost and frelght and well doscrbed at 10.10c, London cred he_official cables reported no change i ARpiet—! the Brazllian » pot market, Weifor 25 to §0 rel i roosters, 12¢; brollers, FIRST NATIONAL BANK New York City BROWN BROTHERS & CO. KIDDER, PEABODY & CO. KISSEL, KINNICUTT & CO. Stock Market, Khnesa cnyi‘ Oct. 1—Cattle—Receip 500 he, market steady; prime fed st %o: fancy, ic. Raisins, steady: lo muscatels, Nouu. cholce to fancy o LA u'rc. seediess, 10% @1 Hogs—Recelpts, strong to 6o higher: bulk of saies, $10.10010.20; packers and 10.20; lUght $9.76@10. BANKERS TRUST COMPANY New York City CENTRAL TRUST COMPANY OF ILLINOIS Chicago. Oats—No. 3 whfl Flaxseed—§2.09% 2,63 Flwr—m«-v patents, 10c higher, quoted “ L 8§ other grades unchanged. & Bcrl- - $1.13. llyo—u 3 ran—42 L $10.40@1 1I. wethers, $7.00@8.1 situation, the little stea CONTINENTAL AND COMMERCIAL TRUST AND SAVINGS BANK, Chicago MARINE NATIONAL BANK UNION TRUST COMPANY Buffalo Pittsburgh FIRST & OLD DETROIT NATIONAL BANK Detroit @ | week-end and a Mt H DCB.I!INI’. uflll:.:. eluinl;mx jang higher; December, Kite, ’:l“n. March, 4.35¢: o. 2, i No. 2 whi seady o1 i ce . i nali December 64%c; May, 58%¢, R el 0 ‘ mfi Graln Market. ; clearings for } 1 - Dv' omuwl:dd.ny wfl-r; | 7:1.4\:.10'“1’10;013 v 1 | corres ng da: st year ! 61, luth, 16s 94 ‘:u.&x Manitoba, 165 2d; No. 2, New York, October 30, 1916, n The total clearinga for the weeek ending 16s; No. 3, today 9. and for the cor- were § 5! M—‘nl. American, nlnd. new, 11s 44, responding week las \ \ ~ lmmr-t‘-”n billy, 6405 u.m { welghts. nlh three -ntln % QO% ver cen . bes oods were active.