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About The Omaha morning bee. (Omaha [Neb.]) 1922-1927 | View Entire Issue (March 30, 1923)
Many Subjects Discussed by Reserve Chiefs Bank Governorg Close Semi Annual Conference at Wash ington—Meetings Behind Closed Doors. ( Washington, March 29.—The semi annual conference of the governors "f the 12 reserve banks was concluded here today, after more than six hours had been spent in discussing gen • ral economic ami financial condi tions with members of the federal reserve board who participated in thg final session. Much of the more than three days taken up by the confer ' nee was occupied in a general ex i hange of information concerning bank operations. Acting Governor Platt of the re serve board Issued the following state ment at the close of the session, cover ing the reserve board's part in tire meeting: "During the semi-annual conference of governors, which closed today, the federal reserve board. As usual, dis cussed with the governors many mat ters of operation, including the amend ments to the reserve act contained in the agricultural credits act, changes in the board's regulations made neces * sary by these amendments, the open market operations of the system and many matters of a routine nature. Many Topics Covered. "The hoard also discussed with the governprs general economic and finan cial conditions, the conditions'of re serves, open market rates for various classes of paper, the demand for credit and the volume of credit in use and gold movements, present and prospec tive." Although there was no reference to rediscount rates in tho format an nouncement. it was admitted that the , phase of the reserve lianks opera l lions was covered and that the men tion made in the formal statement to the conditions of reserves, open mar ket rates and the demand for credit constituted a guarded wily of saying that attention was given to possibili ties of a need for increased rates should the present tendency toward inflation continue. The governors themselves declined to discuss that phase of their delibera tions after the meetings, all of which were behind closed doors. Whether anything in the nature of rate in creases on rediscounts results from the discussion obviotf'lv will not be known for several weeks, since appli cations to the board for permission to increase the rates must originate with the banks. Secrecy Maintained. The secrecy maintained regarding other matter* before the conference extended to the subject of the amend ments to the hoard's regulations being drafted under tho new farm credits act. It was made known In s a general way that these amendments were of a perfunctory sort and were such as were required under any new i law to serve as interpretative guide linos in carrying out the law's pro visions. It appeared that tho discussion of gold movements had created con siderable interest among the gov ernors, most of whom were s;iid to believe that gold exports will begin inevitably In the not far distant future. The relationship of the gold movement to the banking operations, it was explained, obtains through the fart that part of the gold now Con stituting this country’s reserves still is regarded as belonging elsewhere, since It is believed certain that in the natural order of commercial and economic restoration the surplus held in the United States will gradually return to the sources from which it came. Added Subscriptions to Brownell Hall Building An increase in Mrs. J. M. Bald rige's subscription to Brownell Hall's building fund of from $1,000 to $<i, 000 was announced by Campaign Chairman Barton Millard. He also announced $1,000 increases by F. H. Davis and T. Kountte. making $2,500 from Mr. Davis and $2,000 from Mr. Koimtze. The total of tlie Brownell fund at noon Thursday was $122,120.2.1, Mr. Millard said Members of the board of trustees ; of the school, wilh other prominent men. started today "on the work of raising $75,000 more." Millard said. "We must have this additional amount,’’ he said, "or we will not realize on the present pledges, and we would lost; our $25,000 investment in ground, ami our scholarship em dowment fund of more than $90,000. We won't stop until we got the ad ditional $75,000." Superior Woman Heads Fifth Distnct Clubs spc, ml I>i«|,tl1f*h to 1 lie Otii.tlm lire. McCook, Neb., Mall'll L'9.—One of iht- snappiest, most entliusiastio am! industrious conventions in the his tory of tile Fifth district Nebraska Federation of "Women's clubs came to a close here wit ha brilliant elos- I ing program and entertainment, clos- j ing with the march of the past presi- 1 dents. The nejv officers are; President, Mrs. Earle Lionberger. Superior; vice president. Dr. Elizabeth Hohl, Mc Cook: treasurer. Mrs. Charles Perry. Harvard: members of executive board, Mrs. C. C. Cole, Palisade; Mrs. II. It. Campbell. Clay Center. “Larry"1 Finn Bids Goodbye to Brandeis Store Folks Lawrence T. Finn, for the past 10 \eais house detective at the Bran-| deis store, left Thursday night for San Francisco, where he will he roine house detective for the Km- ; porium. Thursday night practically all connected with the Brandeis store assembled on the main floor and! through one of their number, who voiced the universal good will held for "Larry,” presented him with a Mg. handsome trunk and a splend d i v.tlis". Then the whole force marched by and shook hands with yielr iiopu- ! lar associate, bidding him goodbye. Bee Want Ads Produce Besults. For Easter Jewelry Gifts The newest fashions tl e m a n d costume jewelry, such as pen dant earrings, colored beads, bracelets,. sautoir neck pieces, colored stone rings* etc. ' Our windows display many beautiful inexpensive gift ideas for Easter. Your selection will be appro priate if you allow us to help you. C. B. Brown Co. 220-22 South 16th Street JEWELERS DIAMOND MERCHANTS It was almost / A French Chef, famous the world over for his cooking, told her: ‘•Flavor—flavor—that's the one thing that counts in cooking. Insist upon flavor. Demand flavor. “The one sure, unfailing way to get supreme fla vor in coffee is to use M J B Coffee. “Its flavor comes from the skill, the money, the lifelong knowledge of fine coffee, back of every can. can make it strong or weak—as you prefer, but you'll always get flavor. Use ht-J-B. You'll find the results you get almost magical" and for rufrreme flavor in tea - Tree Tea. $ \ Groneweg & Schoentgen Co. Wholesale Distributors Telephone Jackson 1.102 y - i ■ % i Packing House Secrets # A No essential indus-. , try functions on as 6 small a profit margin __ as does the meat^ packing industry. Over a long period of years the earnings have averaged less than 2% on the dol lar of sales and less than 8% on the cap ital actually invested in the business. For Easter— The “Ham W: tat Am” Easter would hardly be Easter without Star Ham. From time immemorable ham has been a special Easter dish. Serve Star Ham and Eggs for breakfast or baked ham for dinner. Buy a Whole Star Hao for Economy Star Ham is Government Inspected. There are more than 60 wavs to serve it. e ^ Ask for Star Hao at These Stores STAR HAM DEALERS, OMAHA. NEB Paul Adam*. 181® Ixrcuat St Baum A Sthwart/, 2116 N. 24th St. Baa Hiva Grtxary, 822 N. 16th St. Baa Croc ary, 1V17 Cuming St. Bamia Park (.rotary, 3220 Cuming St. S. Baakovitr A Co. 11® N. 10th St. Harnatd A Stack, 20th and Piarce St* Bamatrin (.rotary Co., 1601 St Marya \\r J Hindu. 1702 V 10th St Ruahlar Bros., 7406 turning St. Buahlar Broa. 212 N 16th St. F. Buffatt, 1021 I'ndriwnoH Ava California (.rocary. 3221 t alifntmta St ( antral Markat, 114 S. 16th St (antra! Matkaf, 1608 Harney St Chaalar a Markat, l§th and Chicago St* City Markat. 2.16® Laavmwoith St. 1 Clanton. 3101 Cantar St ( olfaa Maat Markat. 4604 N 30th St Conaumara Markat, 2604 l.aavanwoith St 1> V. Craad. 6113 N. 30th S’. (V A J. D. Crew A Son, 33d and Aihor St Croae Town Grocery, 522 N. 24th St. Joe Payton. 3303 Loo ven worth St Fconomy Grocery, 2302 N. 27th St. J I mkel A Son, 2632 Sherman Ave I inkanutein A Stark, 2202 N 26th St Food Center. 1614 Fatnom St. M O. Frederick A Son. 50th and Podge M» Cordon A Melcher. 207 N 27th Ave t.rocery Center, 2411 Cuming St. Henry Haman. 1704 Clatk St Hcunegen A Co . 3552 Leavenworth St Har den Br-n» , 16th and Pod*e Stv »’ II. H«\ kin. 211 N 1<Mh St R G Mondeieon. 2922 N. 24th St Wm Hiykel, 424 N. 16th St 0 Norwich. 2622 l.ea\#nworth Si J ake'a Maiket. 1422 N 20th St •anger Hina. 2202 N. 30th St 1 F Kirk. 2702 Fort St. FI. .1 Knudeon. 4567 ( umiri St I KulakoUkt. 1944 S 10th St R KulaklUkv. 2404 Amn Ave J H Kuppif. #702 N. 30th St. Lni imcrt Grocery, ASCti N. 30th St. Hen L*\tnaky. 2203 Military Ave. UttW'a Market. 2204 M 20th St. R A Madam. 2001 N. 30th St M Mrreraon. 4104 Grand A*e A Mallaer, 2304 S 15th St. I Mnj can. 240! Srra«u# St. 1 l Nelson, 30T9 Hamilton 5t Pirn Nrwman. MO 3 Imi m* artk St H C Nielson A Son 1924 V 33d St * T. Olaen A Son, 9114 Mapla St Praapett Hill Grocery 33d and Charles St. Otto PanbraAs, 3604 N 24th St *nbn Peterson. 40th and Cum me Sta Puhhc Market. <*04 \<*rth 19th >U J Radutmer. SAM Military A\e V I. Robert a. M29 Sherman \*e, Wm Honan A Son. .3791 Gold St lake Rosen. 2?4p Davenport St Roaanherg A Co., 402 N 24th St. Roaenhlatt A Son. 7902 Sherman An A Ruben. 25th and Davenport Stl. I Chari** Kwh*. §201 Maple St. Sommar Rm»., 23th and l*rn«ni Si* Spaulding Grocary, 28«l» Spaulding St. Stab mar Mint , 2702 S. 20 tb St. Swahpda A Rib*. 3020 S 32d At a. labia Supply, 17th ami Pongin' St* 'I I (iwicn'i Mat Wat. 24th and l.*»i«i*«rih St* I hiwln A Srtygg, 40th and Hamilton St a. Tuckman llroa. 28th and Marnay Ml. Tumar Park Grocary, 2988 Dndga St. i. Vopolha. 1324 5 8th St I Wagmatt. 2.132 S 20th St. Weat Optaha Grocary, 8002 l.aavanworth St H H Whita. 1420 Military Air Wilha A Mitr.hall, 401h and I at nani Sta. II Wohlnar, 8301 N 18th St Otta Wolf. 20th and Grata Sta. t Zatulah, 1901 s nth St. # A Marah ?4th Sf. and Woolnmth A\*a P'fsU -W»fffly Moraa. Inr.. 21 Slot** OMAHA—SOUTH SIPF. Uuehler R»na . 24th and N Sta I H« aanafc. 5140 S 24th St Jo# (loltNlir, 2.101 Madiann St J Harlan. 4*20 S. 24th St. Kohr,» Hanni, 4401 > 24th St S Mtuhy. 2.114 Vinton St. t htia Janarn. 14th and A Sta. 1) .1 Jnutdan. 1701 Vinton St. A Nan man. 24th and l' Sta. Phil Saha 14th and I Sta swith A Met llntoah. 4010 S 24th St Broadway Caah Marhat. 01$ W Htoadway \ COUNCIL MUFFS. IOWA i antral Markat. 600 W Broadway. I • ad F var* 23 M \3 W Broad*a> «.rrhr« A 1 roar 13th St and Stk A>t .» Godhar*. #03 N 3th St N*i» Han»an. 1102 Stk A\a. ^ M Hu War A Son. 121 Brand* ar Hu ha i A Walttn, 111 E Broadway H»n hoolar. 1600 16th Ara 1 ha# laiaan. 36 N. Mam St trank Mark* 20 tk and W H>oad«a« Fa«f4a» Uapartmant Sfora. 310 W B #ad*av C. W Sktpa. 1017 S. 3rd St. C I Smith, 210 N 26th Sr /•ftla Market* 144 W Brand*av. n B BUka. Laka Maaava Ut«i|« Jacob*. Laka Man** a. #