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About The Omaha morning bee. (Omaha [Neb.]) 1922-1927 | View Entire Issue (Sept. 24, 1923)
Old Fort Kearney to Be Filmed in "The Long Trail” Famous Players-Lasky Will Screen Last Story hy Emerson Hough. Kearney. Neb., Sept. 23.—At last the romantic possibilities of Nebraska history have been realized by the mo tion picture industry. Famous Players-Lasky is to pro duce "The Long Trail," said to be the last story Emerson Hough wrote. The manuscript was found after the author’s death, written in pencil on yellow paper. The company, wishing to reproduce the story in the same surroundings of which it treats, sent a representative to Kearney to dis cover what might be learned of the appearance of old Fort Kearney, where the story is laid. He found the site of the fort empty and belonging to an estate, of which a Minden man is administrator. He also learned that the old pontoon bridge is in existence at present, but is being used as a fence. The government was able to give the company the specifications of the fort, but had no picture of it. The representative, elated by his finds, left to report to the company. He promised to return, however, and take up the search for a picture of the old fort and to talk to old set tlers who remember outstanding fea tures of the building. Negroes Flock to Iowa Cities \ — Colored Population in State Gains One-Third in Five Years. Des Moines. Ia.. Sept. 23—The ne gro population of Iowa has been in creased by one-third /since the end of the world war, by the negro exodus from southern states, according to S. Joe Brown, negro attorney of Des Moines, and widely known through his efforts to better the condition of his race.. He estimates that 6,000 ne groes have entered Iowa from south ern states, in the last five years. The migration to Iowa, however, is small in comparison with that to the larger cities, in some of which the negro poptrtation has doubled since the beginning of the movement. Brown declares. Most of the immigrant negroes. It is said, are farm workers or small farm owners in the south, and are leaving their acreages to come to the cities of the north much as rural dwellers of the north flocked to cities during and after the war. Iowa will eventually feel a greater effect of the negro migration, negro leaders here believe, when the reac tion from migration to the cities sets in, and the negroes begin to leave the centers of population. where many of them have found temporary employment in industrial plants. Sheridan County Potato Crop Averages $30 an Acre Gordon, Xeb., Sept. 23.—Several earn of the Sheridan county potato crop, shipped recently, caused a net of $40 an acre for the shippers. The cars were shipped at 50 cents a bush el, field run. It is expected that the average potato yield will be about $50 an acre. Farmers’ Union Notes A.*C Davis, Springfield, Mo, secretary of the National Farmers union, will make a two-weeks speaking tour in Nebraska, beginning Monday. October 1. President C. J. Osborn of the Nebraska State union ha* announced. Meetings will be held In Cedar, Boyd. Antelope. Cuming. Dodge, Platte, Sherman, f'uster, Frontier. Webster, Nuckolls. Clay, and Lancaster counties. Mr. Davis has been secretary of the Na tional Farmera union for nearly 20 years. Motion picture films showing tha state wide activities of the Farmer* union have been prepared by an <>rnaha con cern. ‘These pic tures, which % were first shown at the state fair this year, have been somewhat revised," said State Presi dent Osborn, "and we are getting requests for them from all parts of the state. They are furnished free to locals and county organisations that will pay the transportation charges. In several places, arrangements hav- beep made to have them run by the motion picture theaters/* Grand Island—A resolution rotidemnlng the "poisoning of history textbooks with foreign propaganda” was adopted by the convention of the Hall County Farmers union at Sand Kmg, five miles south west of this city. The resolution demands that no such textbooks shall be used in any school in the state of Nebraska. The ronventlon.^held in the forenoon, was fol lowed ijy a picnic, with a program of speaking, music, and sports. I B. Wag oner of Bed Cloud was the speaker of the day. This was the first picnic held by the Hall County Farmers union, but It ■will hereafter be an annual event, the of ficers and members say Wayne—The annual convention nf the Wayne County Farmers union was held here September 16; C. J. Osborn, state president, was the speaker M. I. 8wi hart. Hoskins, and Sam Jenkins. Win side. were re-elected president and secre tary*. respectively, of the county organ ization Mrs Jens Hensen l* the new countv legislative committeeman or rather, committee woman. This is the first in stum- In Nebraska in which a woman has been choa-n by any county to sit on th' Farmers union state legislative committee. Three delegate* were elected to attend a district convention to be held in Pierce, Neb . October 16. Spencer—-Pa!es of grain, coal and ware house commodities bv th- Farmer* Union Co-Operative association here In the first eight month* of this year totaled $46. 7r»s 77. and hog sales amounted to $102, 4s7 HO, m iking a total volume of $149. 19T. 57. This 1* % smaller volume In dollar* and rents than in the correspond ing period last year, but the quantity of goods and products handled was larger. Hoe* arc purrhas-d outright, instead of ■dicing handled on a fixed commission per nr is many associations handle them. The best hogH are shipped to Buffalo. N. V Manager A. L. Koenig a ays the price a b,.*-** I., -nou-h greaser to cover the added freight and make the practice! profitable. Boon*—The Fanners Co-Operative a* ■eolation, operating an elevator here, hns paid dividend* to members since it was ( organized in 1913 eoual to more than the paid up rapita I "This association could cancel its insurance policies and burn it* plant, and still the members would be ahead for It having been here/' said the representative of the Farmer* Union audit department of Omaha. who recently audited the books Because of a small volume of business la the latest fiscal year, the association dW not make * good ■ bowing, but the auditor says that foysl patronage will restore It to |t» former prosperity. O'Neill—Marked Improvement In the financial showing of the Farmer* Kle vat'<r company of thla place which handle* grain, coal and warehouse com modities waa ah'-vn In the aecond half of th* fiscal vear recently closed Al though there waa a slight decline in the totsI volume of business. from • 2*t.5r.It 17 In the flrat half < f the year to $19.?»r,f> »3 In the second half- the net profit wh* In craa*"d from $737 39 In the flrat period to $1,411 60 In the second period, and operating expenses jver« reduced from 10 7 per cent of sale* to 7 1 ner cent. The BAvtng In expense* wna $1*6 a month, With a raid up capital of $16. the romrin" lifl’V ha* a surplus of $4,232 19 Frank Ob* rle ir pr-M'Icnt of th«* com pany und J li. L'onohue is *e< rctaiy. H. C. Willett Dairy Farm in Iowa Is a Model of Practice and Theory __ J Equipped With Every Modern Improvement, and Results Are Shown in Remarkable Success Achieved by Owner. By ROBERT WORTHINGTON DAVIE. The Springdale dairy farm, mid way between AVoodbine and Logan, Harrison county, Iowa, the property of H. C. Willett, is representative the practical embodied with the theoretical. Mr. Willett received his training at Syracuse university and in New York state, the "datryland of America,” his career as a success ful dairyman began. He owns an accredited herd, chiefly Guernseys, which he finds to measure up best for quality as well as quan tity. And he has had sufficient ex periehee with various breeds of cattle to know what he is talking about. In relation to and in direct har mony with the outstanding sagacity of his choosing, lies the natural ad vantages of his farm. A portion of* it includes a rough stretch of coun try which affords excellent pasture, and for this purpose is perhaps more valuable than lowland. He does not need to contend with the frequent destruction of grass by floods or strug gle to exterminate weeds which are oftentimes scattered over level acre ages by torrential rains. Bluegrass with alsake clover has proven its ^vorth, and has evidenced its vigor to withstand the excessive abuse to whicli pasture is subjected. Pasture Needs Kest. But pasture needs a rest. Mr. Wil lett avers, and he is prepared to meet this necessity. There are certain months during the year when low land pasture Is Ideal, depending upon the season,- and it is in such times that his herd grazes upon some 15 acres in the valle’y bordering on the river. His theory is that feed pro duces milk, and it has been his prac tice to obtain the most from grass by alternating his cows from the val ley to the hill, relying upon silage and alfalfa when fall comes. Alfalfa has long passed the experi mental stage, and has been found to contain fond elements best suited for milk cows. Mr. Willett grows 30 acres frbm which the. usual three crops are taken annually to meet his winter requirements. Feed plenty of alfalfa and silage, ho says, with a little oil meal, enough of the latter to keep the cows smooth, generally with a slight increase toward spring when they shed their hair. Oats pro vide a highly nutritious food. How ever, their employment as a ration should be followed according to their market value. Feed what is nourish ing and at the same time not in dis cord with economy. Corn, other than In the form of silage, should*1 not be fed to any extent, thinks Mr. Willett, and should be fed very sparingly un less it has be?h ground. Finds Hogs Profitable. The lnrtdouction of hog raising on a dairy farm is, perhaps, unusuhl, but well worth observing from the practi cal viewpoint. Mr. Willett does not permit this to attain such proportions as to Interfere with his dairy work, but he says that the cost of raising his pigs and fattening them is trivial, and the remuneration received is practically all profit, and helps to re imburse the loss of cows brought about by clover bloat or disease. He furthermore states that the problems connected with dairying are many and consequential. The dairyman would probably succeed in the pro fessional world, but It is doubtful If a large portion of men following pro fessions would prosper in the regime of dairying, or could as easily procure the knowledge indispensable In the management and operation of a dairy farm with the celerity with which professionalism is acquired. Mr. Willett's barn is a modern structure equipped with every con ceivable convenience, and has an abundance of light and ventilation. The uppermost section of the struc ture is arranged to accommodate al falfa, while the entrances to the first floor are located in such a manper as to enable the removal of hay with haste and trifling effort. I’ses Milking Machines. Some criticism is casually evoked concerning the practical merit of milking machine, but Mr. Willett has found them to be reliable. One can not depend, he states, upon the "hired man" to milk rows. In other parts of the country where dairying is more common the problem Is In significant, but In the mlddlewet the men are Invariably inclined to regard milking with abhorrence. The secret of keeping milk sweet for the longest possible period lies in the time and manner in which It Is cooled. A spring flows through Mr. Willett’s milk house and a cool ing vat Is constructed into which the mijk cans are placed while the fluid Is warm. Cold spring water trickles from its source at the edge of an in cline into this excavation and con tinues its wayward course. This sys tem is wholly as satisfactory as re frigerators and expense Is not an item. Summer and winter the water retains an average temperature. Here is a remarkable result 'of putting natural resources at work, proving not that where there is a will there is a way, but that where there Is a way the will is forthcoming. “Stick Together.” Farm organization is slowly but surely attaining its goal, in the opinion of Mr. Willett. He is a mem ber of the Iowa Farm Bureau federa tion, and realizes the numerous good things already gained through its in exorable efforts, and his message to agricultural people is: "Stick together, thick or thin. Keep your faith and make it win.” Dairying is apparently on a more stable basis than farming, but the reports of prosperity-prevallng in the realm of agriculture are mythical. The farmers in general are not revel ing in opulence, nor are they able, in many instances, to meet their obli gations. Farmers Unite to Curb Thefts Robberies of Fowls, Grain, Stock and Implements to Be Reported. Pawnee City, Neb., Sept. 23.—An organization of farmers in West Branch precinct, this county, has been perfected to prevent wholesale steal ing which has been going on in that vicinity. The president of the association is A. J. Cope, and the treasurer is Henry Uantz. The headquarters of the as sociation is in the Upper West Branch school house. For two years farmers have been losing large numbers of chickens, grain, farm stock and machinery. It is the general belief that most of the robbing has been done by local talent. Future thefts will be immediately re ported to the association. Root Crops Taking Place of Ensilage ..Brooking*, S. D.. Sept. 23.—As the ila.r.v industry Increases in promi nence in South Dakota, a demand Is created for succulent winter feeding stuff, according to Manley Champlin of the agronomy department of State college here, and root crops are rapid ly filling the demand with those who desire a more succulent food than ensilage. “The common root crops," accord ing to Mr. Champlin, “are turnips, rutabagas, sugar beets, mangels and carrots. "Turnips are used as feed crops in the British Isles and in northern Europe," he said. "They are compar atively shallow rooted, producing their growth near the surface of the ground. As a rule, they do not com pare favorable with sugar heels or mangel* in yielding power as a full season crop. As compared with beets, the percentage of sugar is very low nnd they do not furnish as much nu tritive matter, pound for pound, as do the beets. On the other hand, tur nip* are a quick growing crop and can be grown as a half season or a catch crop to better advantage than the other roots. More Than 1,000 Cattle Sold by Norfolk Stockman Norfolk, Neb., Sept. 23.—A Bale of more than 1 000 cattle brought to the local livestock pavilion by cattle pro ducers of Cherry county was held recently. This wan the first of a series of such Neales to be held here by the county producers. The big gest sale planned will be held In the pavilion September 28. The jtnles ring In the pavilion ha* been re modeled to hold a full car load of cattle, making It unnecessary to hold the saJe out of doors. Alaska in capable of raining every pound of beef, every sort of vegetable and every pound of butter or other dairy products that he people will need till the white population In creases 200 times its present number. ■ With the County Agents Homer—Farmer* rear here attended th# showing at a local theater of th® govern ment film “Out of th® Shadow*," In which cattle tuberculosis eradication is taken up. Dakota Olty—Ruth Renton and Ar villa McAfee of this city represented Ne braska in the sewing demonstrations at the Interstate fair at Sioux Olty, la. The girls were winners at the Nebraska stats fair. Dakota City—At a w-ll attended meet ing here farmers derided to circulate petitions for Inspection of cattle under the new Nebraska bovine tuberculosis eradication law Lexington— County Extension Agent A ft Hecht will hold meetings over the county in October, at wh!«n corn will be husked and weighed for the purpose of selecting seed He states that It will be proven to farmers at the meetings that the long, slim, srnontn ears are the • nos that have been yielding th® hlgh-gt m corn teat work over the a tat® and In Dawson county. I'rge Soaking of Wheat. Lincoln—bounty agent® over the state are urging that farmer* soak wheat seed n formaldehyde before sowing, to pre vent smut. They recommend using a pint of formaldehyde to 40 gallons of water end soaking the wheat for five minutes in the solution \X shoo—W. F, Roberts, county exten sion agent, reports that a salesman has visited a number of hog raisers in Saun ders county, selling a rureall hog remedy, for which the salesman has a formula the alleged remedy, according to the county agen’. killed several hogs In one herd. In addition to costing the purchase! about |24 Mr. Roberts state* Inst there • a no cureall for hog diseases and urge* use of government circulars in obtaining Information regarding swine diseases. Lincoln—In urging further perseverance on the part of boys' and girls' club mem bers. following the state fair, county eg-nfs state that prlxes won at the fair are only by-products of the club work Th® real products, according to the agents' statements. are Increased ef ficiency and broader vision. Fight llcaslan Fly. Reward—County Extent loti Agent I, A. Wilson of Reward county, In d!s<ussing the Hessian fly, urges farmers to disk up all volunteer wheat and not to seed until »he egg laying period of th- fly Is past. In the fall II® gist** that volunteer wheat should be disked up heraus® It possible for the spring brood to do dam Mg® before w-hent I* cut Lincoln—The State agriculture college has announced Its readiness to supply farmers with complete ssts of blus prints from which aewage disposal aeptlo tanka can be mad» by the farmers. Weeping Water—The state agricultural extension service haa announced that one boy and girl from each county traversed bw the Chicago. Rock Island A Pacific railway. In which county there is a full time extension agent, will be guests of the railroad on a trip to the International livestock expoaltlon at Chicago. J>ecem L’pr * The hoy and girl must have finished a project In hoys' and girls' club | \ ork within the year, and are to be choaen by the county extension agents. Douglas. Lancaster. <lage. rase. Thayer and Richardson counties are affected by ; htla offer, the extension arf\ice an. nounced. Hogs fontmrt Tuberculosis. Lincoln—Following discussion* relative to the ausceptlbilty of hogs to tuberculosis, i he extension service of the I'niverslty of .Nebraska Agriculture college announces lhat of a herd of hoga fed on milk from tub-rculosis rows for three day*. and killed within 107 daya. post mortem ex amination showed over 83 per cent had become tuberculous. Wahoo—The county scat of Kaundrra county has announced that he will or ganise a county baby beef club. If enough entries are filed before December 1 Lit coin —1 te cabbages can Pa stored successfully in a cool erlUr or In the ground, the extension aerv* «* of ttie atsie agriculture college announces Two ways of storing cabbage In the grounds ar»; Hy narking It carefully in ba»trls; or by burying It about a foot do«| ;n well drained ground with the leaves of the plant wrapped around the head, and tba rubhagv upside down «n tba enrth. Junior Hho'v. Palmyra—A Junior show at which corn, clothing, poultry, cooking. bahy beeves and twins will he exhibited by boy a and girls. Is to tie held her# Of to ber 11 and 12. About 276 prizes havo been posted. Lincoln- Farm anitnala in pasturea In fesied with young rockl*bur» may ho poisoned by eating them, according to ’be gt at c •atonslon aorvlro bulletin. Young,pigs up to two months old hava been found the most susceptible to »he burs, the department reports. The bul letin states that milk or raw linseed oil should fie given the animal poisoned by the bur and recommends that animals be kept out of pasture where there are rockleburs that are not ripened. Stork villa—The county ogent of Fron tier roun'y reports forage , ropa In the county an* large, and In ho doina h« pre dicta that the crop should carry us through a long hard winter." Girl Babies’ Rate Higher Than Boys 32 of Each Sex Entered in Contest at Jphnson County Fair. Tecumseh, Neb., Sep. 23.—Sixty four babies. 32 girls and as many boys, entered the better babies con test at the Johnson'county fair. Dr. G. J. Rubelman of Tecumseh ..was superintendent of this deparement and the scoring was by Dr. Colburn, a child specialist of Lincoln. The girl babies scored higher than the boys. Mr. and Mrs. John Farley ex hibited twin daughters and the both scored high. The following was the outcome of the contest: Winning boy babies are Eugene Wesley, son of Mr. and Mrs. Lewi* Wagner of Graf, score 94.7; Edward, son of Mr. and Mrs. G. D. Enterline of Tecumseh, 94.6; Lorin Henry, son of Mr. and Mrs. Fred Rathe of Ster ling, 94.0;,Robert, son of Mr. and Mrs. Clarence Fisher of Tecumseh, 93.9; Ijvwrence, son of Mr. and Mrs. O. L. Hunt of Crab Orchard, 93.8; Joseph Ivan, son of Mr. and Mrs. E. T. Smith of Tecumaeh, 93.5; Floyd Jo seph, son of Mr. and Mrs. Robert Derr of Sterling, 93.3; Billy Bruce, son of Mr. and Mrs. Milo Halsted of Tecumseh, 93.3; Delbert Loren, son of Mr. and Mrs. Arthur Rinne of Sterling, 93.3; Robert Gyle, son of Mr. and Mrs. CHnton Tucker of Tecumseh, 93.2. Winning girl babies are Alice Belle, daughter of Rev. and Mrs. H. P. Cox of Tecumseh, 97.5; Lois Gene, daugh ter of Dr. and Mrs. J. W. Barnes of Tecumseh, 97.2; Marjorie Jean, daugh ter of Mr. and Mrs. Kenneth Stewart of Tecumseh, 96.5; Maxine Louise, daughter of Mr. and Mrs. L. H. Ernst of Tecumseh, 96.3; Magdaline, daughter of Mr. and Mrs. John Ear ley of Tecumseh, 95.5; Mayone Viola, daughter of Mr. and Mrs. Eilert Ross of Tecumseh, 95.1; Josephine, daugh ter of Mr. and Mrs. John Farley of Tecumseh, 95.0; Barbara Jean, daugh ter of Mr. and Mrs. John Graf of Tecumseh. 94.5; Delores, daughter of Mr. and Mrs. Paul Masur of Tecum weh, 94.5: Mary Frances, daughter of Mr. and Mrs. E. H. Roberts of Teeum sch, 93.9. • Pure-Bred Stock Is Emphasized | Sires Develop Market for Registered Dams, Cam paign Report Shows. In the Improvement of livestock, a movement which is being accelerated by the state agricultural college and the United States Department of Agriculture through the better sires, better stock campaign, the sire ex erts the greater Influence, but. .once the grading up process has been started, the importance of well bred dams must be recognized. It Is only through the use of pure bred females that it is possible to preserve and carry on the full value of good sires. A pure bred sire and a pure bred dam are necessary to reproduce a pure bred, which maintains an unbroken stream of known blood. That farmers soon recognize the need for pure blood on both sides of an animal s ancestry is indicated by the figures collected by the United States Department of Agriculture in the campaign just referred to. The adoption of pure bred sires in most cases soon results in the purchase of a few registered females. In the last department report show ing the kinds, and breeding of ani mals owned by farmers and breeders enrolled in the campaign they were shown to have on their farms 21.542 pure bred sires and 134,020 pure bred females. The tendency toward the wider adoption of purebred dams is shown most conspicuously in the case of hogs, the most rapid multipliers of the domestic farm animals. In the list of hogs owned by men who have Joined the campaign, S3 * per cent of the sows are pure bred. Cattle come next with 35.9 per cent of the females pure bred. For horse* the percentage is 12.5 per cent, asses 24 8 per cent, sheep and goats shout 19.5 per cent. In the list of fowl* owned there are 35.108 pure bred males and 614.422 females, which Is nearly 70 per cent of all the female fowls listed. The breeder who sells pur bred i sires is building a market for pure bred females. State Scholarships to 50 Iowa Youths Den Moines, la., Sept. 23.—Proba bly 40 or 60 Iowa boys will this year enter Iowa State college with the assistance of scholarship* offered by the state board of education. The number will depend largely upon the enrollment at the college, the board of education having placed no liml tlon on the scholarships. The scholarship* amount to ap proximately $60 and are to bfr applied through the cancellation of certain fees at the college. They apply to the two-year course In agriculture and the two-year course In trades and Industry. To qualify, a student must be 17 years of age or older, and must have completed the eighth grade, or Its equivalent. The scholarships are not open to high school student*. Hoys seeking the scholarships will be Judged on their need for financial assistance, their character and their promise of ability and sincerity In pursuing the courses offered, accord Ing to President Penrson of the col lege. Iowa (Jrad Is Director of Federal Extension Work Washington. Sept. 23.—Clyde W. Wnrburton wns appointor! by Secre tary Wallace ns director of the newly created office of extension work of the Department of,Agriculture, which co ordinate* all tho extension activities now being carried on by the deport ment. Mr. Wnrburton Is a graduate of Iowa Slate college. Joined the De partment of AgrlrtiUura In , 11*03 and for a number of years was actively engaged tn staple crop research pro jects In the off!' e of cereal Invention Ilona. The Business Barometer This Week's Outlook in Commerce, Finance, Agriculture and Industry Based on Current Developments. By THKOHORK H. PRICE. Kdltor Commerce and Finance, New York. Copyright. 1023. When In Chicago last Tuesday and Wed nesday every business man that I met asked the same question. They wanted to know “What Is the matter With Wall Street V* They were all busy and optimistic, hut having been taught that the action of the stock-market anticipated the advent of good times or the reverse they were at a loss to understand its persistent lethargy at present. That the tone of the New York Stock exchange has a profound effect upon the minds of business men in this country is to be admitted. Those who operate there ure mistakenly supposed to be super-sa- j gacious if not clairvoyant. The business done there is the subject of lengthy re views that are published in every impor tant city along with the quotations of all the more active securities, and though they may not be speculators it is as im possible as it would be unwise for mer chants and manufacturers to ignore an in fluence bo noticeable. For this reason I think the most sub stantial service that I ran render to the readers of this letter is to point out why the stork market is no longer to be relied upon as a barometer whose rise or fall indicates the approach of storm or fair weather in the commercial world. When it first came to he so regarded it was the place In which most of the unin vested capital of the country found em ployment either in loans on Stock Kx rhange collateral or in the purchase of Stock Exchange aecurlttea. Small Investor* nay. Now there are many other waya In which the rapttallat can uee hia money profitably anil there are a acore of cities where the local Inveatment market Is al most as important an waa >nat of New York In the not ittetant past w,,h *h* aid of the underwriting machinery that haa been «o perfected In recent yeara hundreds of millions of new securities are distributed each month among multitude, of tnveatora all over the country. In Ihia work thousands of hanks are enlisted The securities are offered to those who have credit balances with these banks They do not have to resort to the stock exchange to invest their inonev and most of the stocks and bond■ thus put away stay put. The t-lberty bond campaigns opened the eyes of bank ers to l he buying power of the small In vestor and it has been Intensively culti M&rglna! speculation has been discour aged and disparaged, while '"vestment has been encouraged by every legitimate device. Thrift Is preached, the alchemy of compound interest la advertised and the bucket shops that have recently welched are held up as examples of what one may expect from any siock broker. Speculators Quit. As to the larger rapltaliels the very rlrh men whose operations used to make or unmake values on the stock exchange l he Income tax has destroyed their in itiative One of the richest men In th« country, who la known to have been a very bold speculator, haa Just announced Ms retirement. He saya that because the government takes half his profits an«, leaves him to pay all his losses there Is no inducement to a**um« the risks in volved. and he ha* quit. This 1* the view of many wealthy men who used to trade largely in stocks. They have retired and put their money in tax exempt securities And finally there are the federal reserve hanks. In the old days the .New York banka carried a preponderant a are of the nation’s bank reserves. To be safe they had to keep large cash rest.rves and secondly reserves that were still larger. These secondary reserves were chiefly loaned on stock exchange collateral, sup posed to be instantly convertible. It was practically the only way in which a sec ondary reserve could he invested An Burglar Suspect, Held at Tecumseh, Released Tecumseh, Neb., Sept. 23.—Harold Mai*»tella. a confessioni»t on the county fnlr grounds, was arrested In connection with the burglarizing of R. A. Zimmerman’s grocery (store and Frank L. Brundage’s book store here The stoors were looted of about JSO. Authorities at Hamburg. Ia., aske j that the man be held, saying they would come after him. They failed to come, however, and Marstella was given his freedom and left town at once. Superior Pioneer Dead. Superior, Neb., Sept. 23.—George W. Woolsey, 75, resident of tills city for 35 years, civil war veteran and one of the oldest Masonic lodge mem bers here, died at his home. Funeral Financial By BROAD AN WALL. ' New York, l*ept 23.—With tha average price of 20 industrial shares down to a ievel within 1 l* points of the bottom reached on August 4 in the preceding downward movement, quotations have reached the point from whah it would >»-'tn logical f•1 r them to reflect funda mental conditions. Declining prices the last few weeks have not been based on any change In fundamental conditions, the selling hav ng grown out of over-extended specula tive position*, especially in the oils, which existed within the market itself. Liquidation In the oils have been the dominating Influence Selling in that direction la considered to have been com pleted and vvtih the predictions by big oil men that conditions In the oil in dustry h»\*» reached the worst and should from now on begin showing improvement due to the passing of the peak in Cali fornia production, ths general list should • tan discounting good crops, favorable railroad earnings, increased steel book ings. a better inquiry for copper metal and indit aliens that steps will soon be taken to end passive resistance in the Kuhr. With copper metal down to 13Hc per pound, large producers report an in reased Inquiry from consumers. Another bullish development In the making is the prospect that th* Japanese government will float a loan of one thousand millions of dollars. Half of this loan the Japanese govern ment propose* to place in tha United States The bulk of that part of the loan sold to Americans will be used m the pur* base of American (products needed for reconstruction purposes. in Urge orders for steel, copper, lumber and other products which the Japanese will need from America. It probably will be weeka, however, before the loan is arranged, but the Japanese government has already starts sounding American bankers as to Ita feasibility. Japan's credit Is of h'gh standing In the United Htates and American bankers do nut believe any difficulty would be experienced »n Inducing American invest ors to take the securities Improvement in the bond market would undoubtedly accelerate the negotiations No offering, however, will he msde unless bond market conditions nr# good. At presont the bond market is suffering from an over supply of new issues It will take three or four weeks to eliminate ’his The Japanese loan will then be • om*» an important subject of discusalon. Preparation! of such large lv*n* sre usually accompanied by window dressing in the security markets, such a* occurred In connection wtlh Austrian loans. New York Bonds Ily Associated Press. New York, Sept 23 —Hauler money rat** which accompanied a auhatanti.il decrease In brokers' loan* and one of the highest fedeial reserve bank ratio* of the year, had a beneficial effect on bond prices during the last week, particularly the t'nttad Stale* government issues, New offerings were limited, tha total for the week being fttf.20i.009. n* com pared with tlMftfOOO. egclualve of the government # $:oo ooo.OOo offering. the previous week The scarcity of new i* *i|c* Inst we«*k resulted largely from the pressmen'# strike, causing newspapers to he printed In abbreviated form and with out any large financial advancements. Two large railroad taauea. reported ready. were delayed the 91 2.000.non I'nlon Pacific and fio.ooo.ono r.reat Northern equipment trust certificates. French bonds Improved substantially, in sympathy with higher exchange rate*, whbh In turn war* baaed on expectation of an early settlement of the reparations problem. Fugar bond* were fairly strong. on higher stock and commodftjy price*, while rubber < ompanr Issues yielded on report* of additional lire cut*, but later snapped back ♦ill company bonds -haded some what. on the omission of dividend* and report# of new financing by some of the smaller companies. l astern railroad mortgage* showed Im provement. Investor* expecting favorable earning statement*. The gr*ngera, now ever. lost ground on publication of a statement by Secretary Mellon favoring reduction of freight ratea on agricultural products The total of new financing for August was f 1». v .it* o,4 fiii the lowest since Feb ruary. 1*22 It compared with lltl, <•'0.440 In July « orporatlon financing fop the first eight months of the year aggregated t2.463.000,900, against $2,?«<\ 009.990 during the corresponding period of 192? t'hlef offerings last week were the 910.000,000 30 y«»f & ly per • ent mnrt- j gage bonds of the Pacific «4as and Hlec- 1 trie company and th* 9g.oOO.0nn 30-year ti per rent mnttgag Lands of the Ohio Power company, llolh issues were readily "U bacri bed. enormous fund was thua placed at the dis posal of the stock market. Now this 1» all changed. The banks »k»*ep but little cash on hand. Their re serves are their balances with the federal Reserve bank, where they tan rediscount their commercial paper in an emergency. Secondary reserves are no longer neces sary ana stock exchange loans are not sought as previously because they cannot be rediscounted. As a consequence the stock exchange speculator has to pay more for his money and he is correspondingly handicapped and discouraged. These change* are for the most part desirable, but they explain why the stock market has ceased to be a barometer of the nation’s business and why Its tone may be safely disregarded if it is nut in harmony wtlh the many other more Important factors that make up the economic complex. Oil Stock# Weak. These remarks aro prompted by the weakness of the oil stocka last week. Those among whom they were distributed under cover of tho stock dividends de clared last year have been selling them because the large production of oil Is supposed to have made the business of refining petroleum and distributing its products unprofitable. Bogle suggests the reverse and the denouement will probably prove that logic is right, but the speculator whose margin Jr running out can not be logical, and , the losses of those who had been per suaded to buy "the oil*'' haa weakened the whole stock market. Hut the movement is not significant otherwise and with all the other indica tions of business pointing to fair weather it seems unreasonable to expect rain be cause a section of the stock market la beclouded. The Federal Reserve statement shows a gain of $11,000,000 In gold holdings and a rise of 13 per cent in the reserve ratio, which now stands at 77 2. Trade con- , tinues active in almost every quarter. Trices Are Improving. For reasons peculiar to each of them, cotton, sugar And coffee are all strong and higher. Even copper and leather, the two laggards among the commodities, ars looking up. Wheat is recovering from the blow dealt it by the discovery of the Canadian surplus A further increase in building activity is reported and though tho Iron Age talks In a. slightly pessi mistlc strain about the steel industry my own advices aav that the mills will be well employed throughout the winter. These conditions are reflected in a record freight tonnage, with railroad earnings to correspond and bank clearings that are equally satisfactory. Fating this array of fart# continued prosperity would seem to be Indicated, with the probability of great activity as France, Germany and Great Britain prog ress In the formation of the economic and Industrial entente toward which they appear to be now moving under the duress of the national debit with which thev are burdened Figures arc for last week, the previous weeg and last year. Bank Clearings (Bradstreeta), in Thou sands—$7,131,933. $6.2x1,214. $7,453,239. Business Failures—296. 2*9. 392 Federal Reserve Ratio—-77 2 per cent. 75 9 per cent. 78.3 per cent. Security Prices. Sow York Stock Ex change—20 industrials. 88.1G. *9 93 9*37, 20 railroads. 7* 36. 78.52, 91 36; 40 bonds. *6 46. 87 04. 91 96. Commodity Prices—Wheat. September delivery. Chicago. $l.on\. 99 %r, $109, •orn. September deli , ery Chicago 84 V $6 Sc. 64 Sc; pork ribs. October delivery. Chicago. $9.05, $8*2. J9S7; beef good dressed steers. Chicago delivery $17.60, $17.50, $!6 50; sugar, refined. New York <»840o. .ft* 40c. 0«2$c. coffee. Rio No. 7. New York .104c, .Ift^c. lft%16c; cot ton. middling, New York. 3085c, .2906c, .2106c; print cloth#. New York. .07 Sc, .07 Sc, 06 Sc- silk, No 1 Sinshiu. New York. $10 5ft *. $7 7ft; rubber, crude, ■ Ian ta. New York. :«Sc. 29**c. 14V; V*-#. pack. No. 1 New York. 1 4'ic, .14 Ur. 22c. Iron No. 2. Philsdelph a $26 78, $26.76, $34 28, «»f «i billets. Pittsburgh, $42 50, $42 6ft. $46 0$. •No quotation on account of Japanese disaster services were held Saturday after noon, in charge of the Masonic lodge. One daughter, Mrs. Robert Avery of Lincoln, and two sons, Stewart of California and B. W. of Lincoln, are the survivors. Boar Valued at $3,000 Is Victim of Accident Tecumseh, Neb.. Sept. 23.—W. M. Putnam & Son, breeders of Duroc Jersey swine, lost a valuable boar, "The Commander.” by accident. The hog had been loaded into a truck at the farm north of town to be taken to the county fair at Tecumseh for exhibition. The bottom of the truck was slippery and the hog fell, rup turing a blood vessel, which caused death. "The Commander” was of the extremely large type and weighed $50 pounds. While Putnan & Son had been offered more for this boar, they estimate their loss at J5.000, with no insu ranee. The famous distillery of Danzig is celebrating this year its 325th anni versary. The industry is one of the most venerable of its kind in the world. Omaha Produce Omaha. Sept. 22 BUTTER. Creamery—Local jobbing price to retail er*. extra*. 47c: extra*, in 60-lb. tuba. 46c: standard*. 46c: first. 44c. Dairy—Buyer* are paying 33c for b^at table butter In roll* or tubs: 34c for common packing stock. For bast sweat, unsalted butter som« buy era are bidding 40c. BUTTERFAT. For No. 1 cream locai buyers are pay ing 41c at country stations: 47c delivered Omaha. FRESH MILK! 12.40 per cwt. for fret-n milk testing t.l delivered on dairy platform. Omaha. Eooa I.oral buyers are paying $8.4009.00 per case for fresh eggs (new cases 1a cluded) on case count, iobs off. delivered Omaha: stale held eggs at market value. Some buyers are quoting on graded basle; fancy whites. 31c: selects. 30c‘ small and ciirty. 24c; cracks. 22c. Jobbing price to retellere: U. 8 ape rials. 36c: IT. 8. extras. 35c: No. 1 small. 27 © 28c; checks. 2l©24c. POULTRY. Live-—Heavy hens. 20c light hens, 18c. Leghorns, about 3c less; springs. 18c: broilers. I to 2-lb. 24c per lb : Leghorn broilers. 3c less: old roosters. 10c: spring duck*, fat and 1 ull feathered. 16c p«r lb.: old ducks, fat and full feathered. 12c; geese. 12c; no culls, sick or crippled poultry wanted. Jobbing prices of dressed poultry to retailers Springs. 30c: broilers. 25c: hens. 25026c: roosters. 17018c: spring ducks. 25c. Frozen stock: Ducks. 2u©ftc; tur keys. 25 0 40c: geese. 20 0 25c. BEEP CUT* Wholesale prices of beef cuta effectlva today are as follows: No. 1 ribs. 30c: No. 2. 22c: No. 3. 16e. No. 1 rounds. 21c: No 2. 16c; No. 3. 10 4c: No 1 loins. 40c; No. 2. 28c: No. 3. 18c. No. 1 chucks. 19c: No. 2, 114c: No. 3. 9c. No. 1 plates. 8c: No. 2. 7 4c: No FRESH FISH Omaha Jobo.r. >r. aeinnn at about tha following pricea, f. o. b. Omaha: Fancy whltefish. 25c: lake trout. 28c: fancy silver salmon 22c. nink salmon 17c: hali but. 29c: northern bullheads, jumbo. 2<7c: lake trout. 28c: channel catfish steak. 30c; channel ratfish. fancy northern. »> 8. 32c; southern, regular run. 25c: Alaska red Chinook salmon. 28c; striped has*. 13c; yellow pike fancy. 22c: Pick erel. J8c fillei of haddock. 25c; white perch. 14c: black cod sable fish steak 20c: smelts. 20r: flounder*. 18c: crip ples. large. 20025r black bass. 25c; red snapper genuine, from Gulf of 27c; fresh oysters, per gallon. 12.0004 16. CHEESE Loci Jobbers are •ellin, AmertdD cheese fancy grudf. at the following prices; Twins, 274c; single daisies 28c; double daisies. 27 4c; Young Americans. 30c; longhorns. 29c; square printa. 80c; brick. 29c. FRUITS. Cranberries—100-lb. barrels, $10.00© 11.00; 50-lb. boxes. $5.2505 50. Changes—California Vaic-ntlas. fancy per box. $5 55006 25; Navels and Medi terranean sweets, choice, per box $4 75© 5.50. Lemons—California. fancy. per box. $8 50. choice, per box. $3.no. Grapefruit—California, per box. $5 50; Isle of Pine*. $6 00. Banana*—Per pound. 10^ Peaches—Washington Elbertas. 20-lb box. $1.25: Colorado Elbertas. fancy, bushel laskefs. $2 500 2 75: standard 24 lb box. $1 25. Utah $2.50; clingstone p- aches 20-lb. box. fl 10 Qu.ncee—California 40-lb. box 13.00. Apples—California Gra venstetr.s all size*, per box. $3: Bellflower*. 4 tier box. $„» </U: Wa*hmg'on winter bananas all slzs* per box. $3.00; home grown dut'he**. iut«ke*a. $1.*0. Aikansaa Jonathans, fancy. 9ushe> baskets. 82.50: Canadian crabs. 3f-lb net. pcj pox, $- 0©2 26; grimes, golden, ail sizes, lux $2 60 Pears—Washing'on and Oregon Bart lett* fan^y. per box. 1 25 0 3.50: Illinois Ke fers. basket. Colorado. $2.50. Piums—California large red. four basket crate-. $2.25: ditto blue. $2.25. Prunes—California, red Hungarian 4 basket crates. $2 on; Idaho Italian. 16-lb lug*. 80C081.OO; Washington, ditto. $1 00 Grapes—Moore's early concords. per basket 6-lb. gross 36c; Malagas. 4 basket crates al ut 24 )be net $2 *0 Tokavs ditto. $2 75: 1ulce grape*. 25-lb lug $1 5002 00: Thompson seedless. $1 15 Avocados—(Alligator pears), per dozen. $6 00. VEGETABLE*. Onions—Washington yeltow. !n sa^ks. per lb. 4r Iowa red sack 3 4c, new Spanish. per crate. $2 2502 50: white pickling, per market basket. $1 00. New root*—Turntps and rarsriua. t>e: market basket *>*?$] no beet* and **ar roti. ditto. «©<•: rutabagas. In sacka. 2c; less than sacks. 2M|C. Celery— l«J*no. per dozen, according to size. $01*011.oO; Michlsao. per dozen. 75c. Pepners—Green Mango, per market basket. 60 060a*: red Mango, market. Potatoes—Nebraska. Ohioa. per hundred pound*. $1.76; Minnesota Ohioa, 12.00; Idaho Whitea. 2%c per lb. Cucumber*— Home grown, per basket. 2 dozens. *6c®$l$®. .. , , Cabbage—Uorurmdo. 26-50-lb. lota, per pound. 3c; crates. 2 H« Watermelons—Missouri. crated. per pound. 3c. _ . Sweet potatoes—Southern, fancy. 60-lb har» r era $2.26; barrel. $6.50. Beans—Wax or green, per market ba^ ket. around 11.00 . , . _ . Tomatoes—Per market baaket. market, 11-lb. Climax baaket. 76c. Cauliflower—California, per crate. 12 heads. 12.25: per pound. 15c. Lettuce—Colorado head. oar crate 13. 7504.00; per dozen $1.2501.60; leaf 40046c. Egg plant—Per dozen. 11.26. Can'aloupea—Colorado standards. per crate. $2.7502 00: flats. 11.0001.10: rink meats, $1.25. honey dews. $2.50 caaabaa. per crate, $3.00. HAT. Price* at which Omaha dealers are tell ing in carlots. f. o b. Omaha: Upland Prairie—No. 1, 81 4.5°0 16.60 : No. 2. 812.60013.60: No. 3. 88.00ft 9.09. Midland Prairie—No 1. $13 50014 50; No. i $12.60013.00: No. 3. 17.0004.00. Lowland Prairie—No. 1. 19.00 010.00; No 2. $6.00 0 7.00. Packing Hay—$5 0007.00. Alfalfa—Choice. $21,000 22.00: No. 1. $19 OOC02O.OC; standard. $17.00019 00; No. i. fiS.OO 0 10.00 : No 3 $10.00012.00. Straw—Oat. I7.5u08.5O: wheat. 17.000 3 00. FLOUR First patent. In 94-lb. hags. $4 3000 40 per bbl.; fan^y clear, in 46-lb. bags $5 20 per bbh Wh*»e or yellow cornmcuL per cwt . $195 Quotations are for round lots. f. o »• Obia ns FEED Omaha mills and robbers are selling •heir ru-odiicta in carload lota at tha fol lowing nr|c** f. o h Omaha: Bran—127.50: brown shorts. 171.00; gray short.* 132 00 middling*. $73 00; rrddog $35.00; alfalfa meal. choice. $,’4 10. No 1. 120 9". N" 2 $23 50; linseed meal. 74 per cent. $64 00: cotton aee<l meal. 43 per cent. $40 00 f. o. b Texas common point*: hominy feed, white or yellow. $32 00: buttermilk, condensed, 10-bbJ. lots 3 4 c p*r lb.; flake buttermilk 600 to 1.5^0 lbs . 9c p**r tb . erg shells, dried and ground 100-lb. bags $25 r*0 per ton: digester feeding tankage ft) ter cent. $60 00 per ton. HIDES WOOL. TALLOW Price* printed t>rp<w are on the basis of buyers* weights and selections. delivered Omaha Hides—strictly short haired hide*. No. 1. 7 K c. No 2. 4 v«c: long haired hides. 5c and 4c: green tfide*. 6He and 4 He: bulls. 5c and 4- branded hide*. 5c: glue hides. 3c: caif. 10c and *Hc: kip. Ic and 7c; deacons. 70c er- h: v\ue skin*. 4c per lb : horse hides $' 50 and 12 50 earh: ponies and clur-e. $1.50 each; colts. 25c each: hog skins 15c each- dry skins. No. 1, Hr per lb. • dry salted. 9c per lb. : dry glue. £o per Jb Wool — Pelts $1 OflfM 35 for full wooled skin*: spring Iambi. 40 0 50c. according to size ard length of wool: clips, no value; wool. 220S'*c per |b Tallow and Grease—No 1 tallow. 7c: *B*' tallow. 4c; No. 2 tallow. 5 He: *'A” grease 7r '*B'* grease. 6c: vellow grease. 6*4c: brown grease. 5' pork crackling!, $75 rer ton: he f cracklinga. 135.00 per j ton: beeswax 12f* c*0 per ton. Food Index Again Higher. Bradstree*> Food Tndex Number, based on the -ho prb es per pound of ’1 art: »•» u- 1 f - f'-od. is 12 2. • ompar ing rh ft n■> !*«t week and f-7 20 for the week endinr September 21 1*22. This w" k s number shows a gain of €-10 of 1 per ' e-nt over last w^k and of 3.7 per r ent over the ; k<* week of la-t year Of the ij rommoditsea of all kinds quoted weekly 13 rdvan<'-d as compared with last week. 22 deemed and 4i remained unchanged, as follows: Increased — Wheat, red; wheat. arrlr.r; smoked ribs; butter: sugar, raw; cotton rced oil. tapioca. < urranta, sheep, ofeo oil. New York hops, cotton, print cloths. 1“ reaped—Flour, corn, barley, hams, •ailed ribs, tallow, egg*, beeves. hogs, lambs: wool. O. delaine; petroleum, crude; gasoline hay; pig Iron, southern: steel f( rap. Oiicago: coke, copper, antimony, tin. spelter, rubber, pig Iron, aouthern. eekly Failure?. Busin*** fa lures for the week ertdlrr September 20 number 21*. which compare wfth 2*9 last week. 3*2 in the like week of 1*72. 41* in 1*21. 158 in 1520. and ll€ n l»lf. Be# Want Ads produce result*. Consignments All Kinds of GRAIN “UPDIKE SERVICE” FINANCIAL STABILITY Plu. SERVICE FACILITY For Safety and Satisfaction’s Sake Bill Your Shipments to Updike Grain Corporation OMAHA Kansas City Chicago Milwaukee • Wild? Uott Don’? Know CAN Hur? I' UoU. C When the things you don’t know about are the scores of different opportunities to save time and money that crop up all the while. You’re losing money every time you spend your money on some thing you could have bought for less. You’re losing time whenever you worry and hunt around for some bargain you could have found immediately. The only way—and it’s a mighty simple and easy one —to avoid these losses is to keep an eye on the daily opportunity news in the “Want” Ad section of The Omaha Bee. You can't afford to miss this chance to keep in touch with the surprising advantageous offers in household goods, clothing, good things to eat. real estate and the other big interests of everyday life that appear in The Omaha Bee “Want” Ad section. Read Omaha Bee “Want” Ad* Regularly %p OtnakaMomtn^ftpo THE EVENING BEE