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About The Omaha morning bee. (Omaha [Neb.]) 1922-1927 | View Entire Issue (Sept. 1, 1924)
. Farm Land Values r Drop 18 Billions Inside Four Years Depreciation Involves All But Three States, Recent Survey Shows—South Makes Good Showing. Chicago, Aug. 31.—Farm land val ues have dropped more than $18,000, 000,000 since 1920. This mammoth de preciation of agricultural property in volves every state in the union except three. The greatest loss has been felt in the middlewest, where grain and livestock are the principal crops and where the greater bulk of the food supply of the United States Is pro duced. This was the surprising result of a recent agricultural survey. Good plow lands In Iowa, which averaged $257 an acre for the entire state five years ago, today are valued at an average of $169 an acre. Plow lands in Ohio decreased from $132 per acre to $96 during the same period. The equivalent figures for Illinois are $213 in 1920 and $148 in 1924. South Dakota shows a shrink age of 59 per cent. Western irrigated lands, the sur vey shows, make the best showing when taken as .a whole. Several ol these state have nearly held theit own in land values. This is large - ly due to new irrigation projects ■w that have been going through the improvement and investment stags during the last five years. ‘‘A number of southern ■tates." the report reads, “also have made a good showing. Texas and Okla homa are credited with average land values slightly higher than the 1920 estimates. New- Jersey edged her way Into this class also. The strictly cotton-producing southern states, like Georgia and South Carolina, have shown, however, declines in land val ues despite the high price of cotton." The $18,000,000,000 shrinkage K figured on the basis of the 1920 census valuation. The total value of farm lands and buildings for that year Is given as $66,316,000,000. The 1924 value, as estimated from the report of the Department of Agriculture figures at about 72.5 per cent of the 1920 valuation. This gives a total cal culated shrinkage amounting to $18, 237,000.000 in round figures. The decline brings farm land values back practically' to the 1916 level The last nine years have shown prac tialiy no Increase in farm land values in the better farming regions. The temporary rise in 1919 1920 benefited no farmers unless he sold and is no longer a farmer. FLIERS’ SPLASHING TO BE BROADCAST Boston, Aug. 31.—The round-the world fliers on their arrival In Boston will have ns much privacy as a gold fish. This Is because radio la going to follow them about wherever they go. even Into their bath at the Copley plaza. fit Is not reported whether the re cently invented radio moving picture will be Included In the latter broad cast.) At Station \VBZ. In Springfield, It Is said, arrangements have been made to place microphones around Boston wherever the airmen will be, and the first place they will go to will be the bathtub. There the radio audience will be able to hear them splashing luxuriously In their first bath since St. Patrick's day. POWERFUL ENGINE IS GIVEN TESTS I,ondon. Aug. 31.—Secret experl ments Involving the production of an airplane engine developing >3,000 horsepower are being pursued by the British air ministry. It Is reported. A single cylinder has been con structed for experimental purposes and has been found to produce over 250 horsepower. The proposed new aero engine will have 12 such cylln ders. If the experiments are successful It Is expected that commercial avia tion will be revolutionized. Experts of the ministry set great store by the successful production of the en gine and are convinced that Its con struction Is within the realms of possibility. N. Y. TO A HOLY . YEAR PILGRIMS By International News Service. New York, Aug. 31.—Preparation* In the United States for observance of the holy year. 1920, proclaimed In a recent bull by Pope Plus XI, have made considerable progress, ac cording to Information recently ob tained from Catholic clergy In thl* city. The New York committee foi caring for pilgrims and arranging their orderly passage to Home will hi In general charge of the pllgrlmagt from all parts of the United States— arranging for their transportation tc this city, and so regulating their de partures thnt ships ( will not In crowded. NINETEEN EVENTS IN BIG REGATTA By International New* Kerriee. New York, Aug. 31,—Entries foi the 33d anniml regatta of the Mlddli State* Regatta association. which wll he held this year under the auspice! of the Arundel Boat club of Baltlmon on tomorrow, have just closed. A schedule of 19 events has been de elded upon, all of which will he oni mile straightaway, with the exeep'tloi of the opening race, which will be t quarter mile dash In the senior slrigli scull* class. Costly to Be “Lady.” By I n t«-rnafintuil Hervlcc. Altoona, Pa.. Aug. 31.—It costs ii cents more a yfcar to be a “lady” li Blair county thun It does to he i ••housewife.” This Is the ruling of the count; commissioners in fixing the occupa a' tlon tar and as a result "ladles ' wll V pay $1.13, while housewives will pa; 9 *9 cents. ' And bricklayers get the dasslfha tlon of professional men, becauei they are making as much money. New Life Preserver for Aviators . ——quantum——— Dayton, O., Aug. 31.—Sailors of the air needed a life preserver and the United States air service ordered one built. The equipment section at McCook field went to work and produced a preserver, which will keep a flyer afloat for hours in case of a crash over water. The new life saver is fashioned like a suit of clothes and lined with "kapoe," a product of France noted for its buoyancy. r. C. Le Van of the equipment section, had a large part in produc ing the equipment, which all naval and army fliers will wear when fly ing over water. Experimental work has been going on for several months and prelim inary tests of the finished product were more than officials expected. It is argued that if the late Lawrence Sperry had been equipped with such a flying suit he would still be alive. His plane plunged into the the English channel and a life devoted to American aeronautics went out. A life preserver Buch as has Just been perfected would have saved him. An aviator with such a suit can remain in any position he desires In the water. Tests have proven that. Defense Test September 12 Big Military Demonstration for Sixth Anniversary of St. Mihiel. Chicago, Aug. 31.—September 12. the sixth anniversary of the Battle of St. Mihiel, has been named by the War department as the date on which the proposed "defense test," or "mobilization demonstration," will be held here, as in virtually every other community in the United States, ac cording to w'ord from headquarters of the Sixth corps area. "The main object of this demon stration is to educate individuals in local communities in their responsi bilities and the part they must play in the national defense," Maj. Gen. Harry C. Hale, commanding the Sixth corps area, said: "Through this demonstration, which will Include a test mobilization of every organzed unit of the army of the United States, the community will be made to realize what demands would be put upon It in the event of a national emergency. "The efficiency of our mobilization plans will be tested." I nits to Parade. The "defense test" plan will be car ried out locally by patriotic assem blies and a parade of United States army units stationed near Chicago, of the Illinois National Guard civic and war veteran societies, Reserve Officers’ Training corps, Boy Scouts and other organizations,, In accordance with the expressed wish of President Coolidge that this be "In so far ss practicable demon stration of the loyalty and patriotism of the civilian population," civilian committees will be appointed to as sume full charge of all arrangements. Local commanders of military units will work with the local mobilization committees and give them the benefit of expert military service. It Is planned to have each local unit of the army of ‘lie United States filled for the day ,.ith civilians of military age, who volunteer for that day only, to serve with the unit. .Speeches on Defense. Plans for the day In Chicago In clude, In addition to the "parade of military organizations to show the true condition of the United States army," public addresses on the theme of national defense and explanation of detailed plans for mobilization, covering shelter, supply, training and sanitary arrangement*. All local units of the regular army, national guard and organized reserve will then participate In the "test mobilization.” At an appointed hour, not yet de termined, these units will engage In a sort of "dress rehearsat’’ mobiliza tion, assembling at their home sta tions or armories. "It 1* hoped,” Major-General Hale said, "that this demonstration will give to civilians a general Idea of our plans for mobilization, as well ns a chance to express In a practical way their loyalty and patriotism to th»*r government In time of pence." PORTLAND, HAS ONE-WAY TRAFFIC Portland, Ore, Aug. 31.—Portland, "City of Roses" and narrow streets, has finally come around to oneway traffic. It was a move made necessary by Increasing traffic and congestion, augmented during the rush hours of morning and evening by aerloue jam on streets leading to trans river hrldges. The system. Installed on about 10 business throughfares, was Inaugur ated with a minimum of trouble due to a campaign of education. The next move of the city administration Is to designate several crosatown atreets at traffic arteries. Approaching these, motorists must bring their cars to a complete stop before crossing. Police believe It will prevent many acci dents. Airships May Release Bombs With Wireless London, Aug. 81.—lb>ml>H launched from aeroplanes, directed by wireless, are under experiment by the Rrltlah air force. Rnmb loaded planes are directed over prescribed courses, and their burdens are released at some pre determined spot, the machine* be I ing brought back safely to I heir starting place by wireless. The ex periment* have been progressing for about 10 years, and R Is understood i that already great suoceae baa been I attained. Farmers Happy, Says Trade Head J Farmer to Get Full Benefit of Higher Prices; Prosper ity Assured. Chicago, Aug. 31.—General Farm Depression has marched his army of private worries down in the valley of recuperation to recover from the recent battle with supply and demand, it was declared by Samuel P. Arnot, elective vice-pr«sUlent of the Chicago Board of Trade. The grin on the farmer'* face Is there because corn is up to the point where it pays to plow and because the price of wheat is more than a whisper, claims Arnot. "Farmers are happier than at any time since the tvorld war," declared Arnot. "This is shown in reports from all agricultural districts. Never before in history has an upward price swing come at a more opportune time for the grain farmer. Talk that the farmer will not get the full bene fit of these higher prices Is absurd, just at harvest time, when he has his whole crop to place on the mar ket. His prosperity Is Inevitable.” MAN IS JAILED FOR GOLFING Bos Angeles. Aug. 31.—Angelo To disco had some golf clubs; so he in vailed the exclusive Allandale links here and started to play to his heart's content. Police came along, and later To disco paid a $5 fine and drew a 15 day Jail sentence, which was suspend ed when he explained he thought the course was a public playground. r ^ I With the County Agents j Blair--The Good Luck Clothing club of Fontenelle is prepared for Us achievement day program here today This Is the second year the club has completed Its regular sermon's work as a standard 4.H club, a provide! by extension service. Miss Jessie Greene, agricultural exten sion specialist In girls' club work, was a Washington county caller last week. Dakota City—Miss Olive Howijr of the stats extension service met with, a group of leaders of dress construction schools and arranged for another masting Octo ber 2*. when all clubs will be represented In a coanty-w’lde achievement day pro gram, C. R. Young, county agricultural agent, says. Dakota county will be represented at the Nebraska state fair by two demonstra tions: a team representing the baby beef club, composed of Charles Reerrnan and Anna Daley, and the Clothing club team, by Irene 8l**rk and l.amoyle Reerrnan. The Northeast Nebraska Purebred Live stock Breeders association will conduct Its annual tour for the purpose of visit ing herds of Its members. September 11 and 12. Schedules are being prepared now. Farmers of this county report but lit. tie hog cholera during the summer months, many having vaccinated thslr herds, while others said they could not afford to do so. The usual number of herds have been affected by worms and enteritis, Mr. Young says. Omaha—The Douglaa County Coopera tive Cow Testing association has complet ed Its first months' test of the second year. Ail but four members finished the first year enrollment for the second year work. Out of the 442 rnwi enrolled this year, 391 were tested during the month. Three members are using milking machines and 10 have alios The association Is rated 100 per cent In purebred slree Nine mem bers are feeding some grain with pasture. A grade Holstein owned by Chris Spanggaard produced 7S 4 pounds of but terfat this month Another grade Hol stein owned by the Kdaewster Farm Dairy produced 70 0 pounds of butterfat A grade Holstein owned by .1, C Fnr burger produced M 2 pounds of butterfat for the month of June the highest for any month during the year. Hhe was milked three times dally. Jav T. Pleraon has been the tester In charge, sod Earl H O. Maxwell Is the county extension agent. The Douglaa county Champion Clothing club demonstration team has been chosen It Is composed of. Miss Cecilia Moiling. Mvldrsd Htiesa. They will represent this county at the State fair. Miss Edna Whitaker of the Worth While Hewing club will rerrssent the county In the health contest Four members of the Weatern Douglaa County Dairy Calf Hub. M trlnn Peterson Willard Whitney. Clyde Novas and Herbert Itloinuulst ate work ing bard preparing for the dairy ludglng contest at the Hints fair The pi i/e for the state champion ia * free trip to the National Dairy show to b# held In Mil waukee, Wla . during October. Lincoln A high scholarship prlae of ll.OOn offered by the Chamber of Com merce of Chicago. III., will be contested for by Nebraska a State champion team In Boys and Olrla club work, with tha leader In lunlor Judglnr of livestock tak ing the actual participation. Wabatar county boya last vear won In averv con test they entered during the Chicago International Livestock ahow. The con testant making the highest rating In judging Jiveatock will receive 1600; the •econd. 1300 and the third »200. Tha scholarships will he paid In 10 monthly Installment* for development of the stu dent In scientific training In agriculture. Weeping Water—Case county wilt be rey presen ted by the following clubs at the state fair: Livestock demonstrations. John Hneddon and Albin Walberg, live stock Judging. Albin Walberg. Donald Pleraol and Walter Hardnook; grain judg ing, Arthur Umland. Oeorg# Toungberg and Clifford Jacobson; crop demonstra tion. Arthur Iteltt*r and Rudolph I’m land; Francis Aksr'n and Halman Christensen; grain grading, Alden Colbert and Arthur Raltter; rope demonstration. Ruth Ranney end Doretta Koester; cloth ing demonstration. Charlotte Joyce and Katherine i*eu; clothing Judging, Helen Morse. Marjorie Joyce and Crede Raker; health girl. Marjorie Joyce; health boy. Clarence KInter. Syracuse—Otoe county will be well rep resented at the elate fair. A. H DeLong. In charge of Junior work, and County extension agents says Miss Ruth Davis. wht> won first place In the state In cloth ing judging laat year, will do similar work this year In the eo< king and can nlng project*; Ruth 1,-acp. Clarence Johnson, Marlon Hallowed and the H«m brother* have entered exhibit* In the pig club department Rowland Lee^h ha* a baby beef on hand Fred Lyon, who *• In charge of the Lively Corn club of 1 nndllla ia preparing an Intereating eg. blblf. while club members will do con siderable demonstration work. Oenava.—The new method of treating wheat to prevent smut by tha use of roppef carbonate dust la proving success fttl here. County Agent I.ee W Thmnp eon aaya. He announces the arrangement with D. L Oroee of the Agricultural col lege to <ome to Fillmore county two days, September 11 and 12 to demonstrate the proper method* of applying the dust The talks and demonstrations will be given at the county fair Referring to th# question. "When will It be safe to low wheat this fall?’’ Lee \V. Thom peon and Rrilth M. Cun*, coun ty extension ggentl give this aitlW "Farmers should control the 1l<*»»lan fly situation by keeping down all volutt teer whea* and wait until fly free' dale Is announced Wheat Growers, With Small Crop, See Light Ahead Lower Acreage Expected to Relieve Depression—Europe Foreseen as Heavy Purchaser. By GERALD MILLER, International News Service Staff t'orreapondent. Chicago, Aug. 31.—With the Anire ican wheat crop estimated at 693,000, 000 bushels, the smallest on record since 1917, and with two exception* the smallest since 1911, Indication* are that a turning point has been reachced in the depression that has afflicted the bread grower since 1919, according to recent statistics. The total crop forecast Is 93,000,000 bushels less than last year'* harve*t and 188,000,000 bushels under the 1918 1922 average. The spring wheat acreage estimate is the smallest since 1900, while deterioration In Kansas, Nebraska and Washington caused the sharp drop In the winter wheat esti mate. Of the spring wheat acreage in four leading states, 29 per cent, or about 50,000 000 bustle's. is durum. A1 though there is little use for this at home, there is a good demand for It abroad. Probably 35,000,000 bushels will be exported, leaving 90,000,000 bushels of bread wheat for export. If ihe crop harvested is not larger than the estimate, the exportable surplus outside the durum wheat will be rela tively small. Certain Natural Markets. Domestic consumption of wheat In the last six years has averaged 605, 000,000 bushels. Making no allowance tor the growth of population, the ex portable surplus from a crop like the forecast would be around 83,000,000 bushels. The United States has certain nat ural markets for wheat and flour, such as the West Indies and Central America, where the product can ne sold at prices even above the world level. In addition, European buyers tend to draw on the United States in the fall months before Canadian wheat is available In volume and aft er Argentina and Australia have dis posed of most of their surpluses. These natural dondltions of trade should render it an easy matter to dispose of the surplus—no larger than is predicted for this year. Small European Yield, European crop prospects are poorly defined, but Indications are for a smaller yield than last year, accord ing to the survey. This means that ns much import wheat will be need ed as In the year Just closing. Small er crops In Canada and Argentina are probable, and since the large sur pluses from their last crops have been and are being dlspoeed of at the present level of prices, smaller yields this year should bring more money. India Is gradually dropping out ns an exporting nation. Russia Is the big unknown quanti ty, but reports of drouth have been persistent. There seems to be little likelihood of enough wheat from that country to deatroy the bullish Indica tion In the rest of the world. Velvet and velveteen are frequent ly used to develop little girls' dresses with or without panties. Those trim med with spplique in contrasting or harmonious colors are particularly attractive. TURKISH WOMEN GAINING FREEDOM Constantinople. Aug. 31.—The emancipation of Turkish women is almost complete. Whereas in past times they, have been in complete subjection, im prisoned in harems and never allowed to know what was happening in the world of affairs, today they are as serting their rights in a voice which is by no means weak. Constantinople Itself now boasts a Women's Suffrage club, which is peti tioning the national assembly at An gora to grant equal marriage, in heritance and divorce rights, without regard to sex,__ Britain Neglects Canadian Trade United States Winning Ca nadian Business From British Empire. London, Aug. 31.—Is America cap turing a great deal of the Canadian nude? The two great finglish-speaklng peo ples with which Canada can trald are Great Britain and the United States. The desire of every Canadian is to trade with Great Britain as far as it is humanly possible. But the results, so far as investment of Brit ish capital Is concerned, are disap pointing. For instance, in 1918, the stocks, bonds and other securities held b$ incorporated and Joint stock companies engaged In the manufac turing industries of Canada were 56 per cent Canadian, 34 per cent United States and 9 per cent British. In the lumber business in 1919 the United States held 27 per cent, as against the United Kingdom's 11 per cent: in the pulp and paper Industry the United States, 24 per cent; United Kingdom, 4 per cent; agricultural Im plements Industry, the United Slates 31 per cent; United Kingdom. 9.8 per cent; foundry and machine shop in dustry. the United States. 21 per cpnt; United Kingdom, 8.4 per cent; electrical apparatus industry, the United States, 49; United Kingdom. 12; meat packing Industry. the United States, 41.4; United Kingdom, 0.2; rubber Industry, the United States, 50; United Kingdom, 2; All this has occurred In spite of the 33 1-3 preference tariff In favor of British goods. There never was a time in the his-1 tory of Canada when such fortunes were being made by gold misers at at present, and yet the total amount of Investments by the United Kingdom in Canadian gold is only 4.8 per cent. Trade without advertising is im possible. In the west of Canada, 35 per cent of the advertising is American, as against 5 per cent Brit ish. At present he seems content with paying doles to a million people an nually, Instead of setting them to work, and in reconstructing Russia, while the British Empire can go hang! Surely Great Britain, which showed her genius for organisation by placing 6.000.000 men In the field of liattle, Is capable of organising for peace nnd trade development and Empire consideration as well as for i war. Dawes Plan High | Spot in Business History of 1924 Restored Germany Will Not Constitute Menace to Ameri can Foreign Trade, Says Soillane. By RICHARD 8PILLANE, I’nlversel Servlr# Financial Editor. New York, Aug. 31.—From a busi ness viewpoint the moat Important happening thus far this year, perhaps is the acceptance by Germany of the Dawes plan. Europe cannot pros per with Germany prostrate. Na tions are so Interdependent that In jury to one affects all others to more or less degree financially, and com mercially. Some persons see In a Germany restored a menace to America’s for eign trade. The contrary Is the fact.; Germany, for her own well being and for many of her manufacturers, is dependent upon the world at large and upon the United States to a large degree. For cotton and various other farm products of America she Is normally a large buyer. She has a large Industrial structure and has I been a big manufacturer of steel and metal goods. In International trade she has com peted actively with America, partic ularly in steel products to her own benefit and America's. One of the rules of the United States Steel cor poration has been to meet foreign competition by selling Its surplus out in International markets. While this has resulted at times In little or no direct profit, it has been of real advantage, for It has maintained a high scale of production which means a lower relative cost to manufacture. The British, who have been more active rivals of Germany In foreign trade than America has been, view the situation of a restored Germany sanely when they say they are handi capped at present but business never Is safe, sound or enduring unless It Is competitive. Immediate results of acceptance of the Dawes plan may be considerable purchases In America of machinery, and raw materials required by Ger man manufacturers. The financing of these purchases probably will be through private loans, a large num ber of which are reported to have been negotiated contingent upon ac ceptance of the Dawes plan. The only real wealth of the world Is from production. .Germ ny nor mally Is a largo producer. Converse ly, she is a large consumer. Through poverty her purchases of foods and gooda have been much curtailed. Through the processes of restoration she will become a large consumer. Some students of world affairs see the return of Russia to the family of nations and to prosperity only through the revival of Germany by the elixir of domestic and Interna tional trade and prosperity. Stock marketwise the action of Germany had Immediate reflection. On Friday soon after the news was received and during the short session the market was buoyant. From a business viewpoint basic conditions and general sentiment are much better. In the steel Industry) there la steady Improvement. There h 8 been llttlj chan; In relation to the crop situation. The agriculturist is assured of a good reward. Gen eral trade is moderately good with promise of enlarging. Money rates continue low but seem likely to ad vance slightly. There is much less interest shown In the presidential election than was to be expected. Retail trade continues good. Signs of revival in the textile industry are not pronounced but mills are adding a little to their forces. New Lumber Is 900 Feet Long Synthetic Boards Are Su perior in Quality to Nat ural Stuff, Too. By International News Senrlct, Chicago, Aug. 31.—Boards 900 feet long are the miracle of the new syn thetic lumber, according to B. O. Dahlberg, In an address here. "Boards 900 feet long are made daily at mills near Now Orleans out of bagasse, the waste fibre of sugar cane,” said Mr. Dahlberg. "A 900 foot board, until synthetic lumber was discovered, was a thing unheard of and never dreamed of in the world. If stood on end, It would be taller than any building ever erected by man except the Klffel tower, which Is 9S4 feet high. "These 900-foot boards are 12 feet wide as they corne from the mill at the rate of 450 lineral feet an hour, a half million feet daily. The opera tion is continuous. A single board could be made that ’would reach around the earth. The slabs as they come from the machine are sawed Into board* of stock sizes. "The new lumber Is flawless. It has no knots, no sap, no groaafrraina, no Irregular edges, no variation in strength, width or thiegness. It ha* qualities that natural lumber lacks It does not decay. It Is weather proof. It ha* the inflation value of cork, which cuts down the fuel bill and makes homes cool In summer and warm In winter. It is a sound-dead ener. which Is important In tills age of nerve-wracking industrial noises." CURE FOUND FOR CATTLE DISEASE By International Mewi Service. I/ondon. Aug. 31.—A claim to have discovered a preparation which both prevents and cure* the dreaded hoof Bnd mouth disease in animals is put forward by Dr. John C. Shaw, London doctor and scientist. Shaw has studied the disease for many years, and says he is justified from his experiment* In saying that the slaughter of cattle infected with the disease can now become a thing of the past. JOY RIDE ENDS ' IN CEMETERY Los Angeies. Aug. 31.—Four joy riders ended a night tour hers in a nearby cemetery. Later they paid fines when charged with intoxication For the school the dress of navy blue flannel or red with a separate gulmpe of white lawn or lintn cross stitched In peasant designs is very effective. Passage of Dawes Plan Stimulates Trading in Bonds Favorable News From Europe Revives Dull and Listless Market—First Austrian Loan Floated. By A»«oclated Prew. New York, Ausr. 31.—Enactment by the German relchstag of bills vital to the succeSH of the Dawes plan last week Injected new life into a lagging bond market. Under the leadership of European obligations prices, which had been drifting downward for two weeks, quickly recovered with the scope of the movement Indicating a definite resumption of the upward trend. Until Germany placed Its seal of approval upon Dawes’ program, un easiness over the final outcome of the plan retarding trading, and dulled the edge of speculative sentiment. Sever al large blocks of liberty and other Investment bonds were liquidated on the theory that the market had reached Its peak Offering fairly good resistance to these unloading operations, trading turned dull and listless awaiting fa vorable news from Europe. Uncommon significance attached to Germany's action from the standpoint of the bond market because the pas sage of the reichstag bills cleared the way for flotation of the $200,000,000 international loan on which opera tions of the Dawes plan will hinge. Preparations for this financing and for other European loans which will follow Is expected to stimulate bond trading throughout the fall. International bankers who partici pate in the underwriting of the (hu man loan, indicated that the offering might be expected by the middle of October. Negotiations affecting term* and other details will go forward Im mediately. Other foreign financing In prospect includes a possible loan of $150,000,000 to France following ex piration of $1,000,000,000 revolving credit granted by J. P. Morgan and company last spring. Belgium also will aeek to build up Its dollar bal ance In the United States, and may float a $30,000,000 loan this week to meet Immediate requirement*. New Financing last week approxi mated $75,000,000. Among the offer ings were the first Austrian Indus trial loan arranged since the war. a $3,000,000 lower Austrian hydro elec, trie power issue which was oversub scribed. Aside from the late rallies of 1 to S points in French. Belgian and Aus trian obligations, there were few con spicuous prive movements. wholetownTs BUILT OF ADOBE Death Valley. Cal.. Aug. 31.—One of the world's most unique construc tion programs Is being carried out here where the Pacaftc Coast Borax company is building an entire village of adobe. Scores of residences are being built for the company's employes, and the I uilding program includes plans for a large hospital and a theater, all to be of adobe. ANOTHER DIVIDEND for PREFERRED STOCKHOLDERS of NEBRASKA POWER COMPANY NEXT DIVIDEND DATE IS DEC. 1st