. 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
