-?
Economic
Hi-Lights
-r-£>
Happenings that Affect the Din
ner Pails, Difidend Check, and Tax
Bills of Every Individual. National
and International Problems Inse
parable from Local Welfare.
The remarkable upturn in acti
vity on the New York Stock Ex
change during the week ending
June 26—described in an Associat
ed Press dispatch as “one of the
best weeks in market history”—
came as an unlooked-for boom to
business and investors. Stock ad.
vanced in value for six consecutive
days, with daily gains averaging
one to five points. Five hundred
and twenty-seven issues advanced
in value on the typical last day
of the week, as against 104 which
declined. Thrty-five issues touch
ed new 1938 highs, and none reach
ed new lows- For the week turn,
over was in excess of 10,000,000
shares—best since the week end
ing October 30, 1937—as compar-,
J ed with 1,700,000 shares in the I
week preceding. The AP average
of 60 representative stocks stood
at 45.5 on June 25, as against 37.4
a month before. In spile of the
rise, however, values were still far
below those prevailing at this
time a year ago.
What caused the upturn, in the
face of increasing gloomy predic
1 tions as to the outlook for summer
business, and a steady downswing
in th« state of expert sentiment?
So far as can be seen, no single
concrete factor was responsible. It
is probable that the improvement
came from a combination of the
folowing factors—a recent streng
thening in commodity prices,
statements by government offici
als that funds provided under the
new lending spending measure will
be put to work rapidly, and the
low' state of business inventories.
The commodity price situation,
up to very recently, has been a
black spot in the economic picture.
Prices tended to fall off, in spite of
every effort to keep thorn stable.
Now it seems possible that the
trend has changed. But it is
anybody’s guess due to the uncer
tainty of our as well as the world’s
credit structure and tax policies,
not to mention the possibility of
wars and labor troubles.
The inventory situation is an.
other factor in the stoc kupswing.
On June 1, wholesaler’s stocks of
merchandise were 14.5 per cent un
der a year before. In some lines
inventories are at excessively low
levels and signs of increased buy
ing have appeared. It is expected
that this will steadily but perhaps
slowly increase and reach sub
stantial proportions this fall.
So far as the lending spending
program is concerned, many ex
perts believe that it will be a less
important factor than the opti
mists hope, for it means more
debt and taxes. Congress has made
available for this purpose about
threo and three quarter billion dol
lars. Apparenty every effort will
be made to put the money to work
with rapidity. But, as Paul Mallon
recently wrote, “The government
is just not geared to function like
a spigot. It is still the snail crawl,
ing through indispensable red
tape.” Mr. Mallon estimates that
during the next six months only
$603,000,000 more wil be spent
than in the six months ending June
30. Using his figures, WPA spend
ing for this perio dwill be up $264,
000,000; AAA soil conservation
payments will be down $31,000,000
commodity credits loans will in
crease $138,000,000.
It is possible, of course that
these estimates may be proven en
tirely wrong, if the government
manages to cut some of the red
tapo and get the program running
in high gear in record time. But
past precedent indicates that it is
unwise to expect too much in this
direction.
Summing up, the week surveyed
marked the arival of the first real
ly encouraging signs since last yr.
On the debit side is the fact that
most business barometers— with
the exception of residential build
ing which is showing major im_
provement have not come back,
far on the basis of the lastest
statistics available. It thes remains
to be seen wether he upward turn
will prove to be the start of a re
covery cycle, or whether it will fiz
zle out, and show itself to be bus
sed on unjustified hopes
Believe it or not—state govern
ments as a whole were in better
financial condition at the end of
the 1937-38 fiscal year on June 30,
than at the end of the preceding
fiscal year. That is the gist of a
compilation of statistics gathered
from the 48 state capitals.
Only about six states had budget
deficits. The balance generally
managed te keep outgo in tune
with income, and a large number
(made progress in reducing debt.
This record has been made in the
face of declining revenues, and
higher osts for relief. It was made
possible on the whole, by economies
in state governme/it, and by ex
tending the tax base and putting
nwe taxes info effect. It is an in
teresting fact that most states are
coming to depend less upon taxes
on real property, and more on in_
come, sales, and similar levies.
It is reported that the trend in
state government finance is toward
the pay as you go system. Spend
ing reduced when revenues fall
below expectations.
THE OMAHA GUIDE
—~ Classified Telephone Directory —
The following Merchants will Appreciate Your Patronage. . For Quick and Courteous Service at
A Reasonable. Price. . . Consult The OMAHA GUIDE’S Classified Telephone Directory.
1 ■ —
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Automobiles
"~SHAMES BODY BUILDERS
1906 Cuming Street
Cars in very good condition—good
rubber, like new.
Oldsmobile Coupe ‘34 excellent
condition, reasonable; take over
payments—WA 6542.
Beauty Culturists
CHRISTINE ALTHOUSE
It Pays To Look Attractive
2422 N. 22nd St. WE. 0846
NORTHSIDE Beauty Shop
Always Look Your Best. Consult
Us
2204 Ohio St.AT. 5902
BEER TAVERNS ~~
BABE’S BUFFET
2229 Lake St. JA. 9195
~ CHARLIE’S PLACE
1604 No. 22nd St. WE. 4019
BEVERAGES & LIQUORS
FREE DELIVERY
JOHNSON DRUG CO.
Liquors, Wines and Beer
Prescriptions
We. 0998 1904 N. 24th St.
~~ DOUBLE COLA
IDEAL BOTTLING Company
WE. 3043
THE LIQUOR STORE
2315 Cuming St. JA. 6564
“We Appreciate Your Patronage’’
ICE CREAM
JOHNSON DRUG
1904 N. 24th WE. 0998
DUFFY PHARMACY
24th & LakeWE. 0600
Contractors_
W. F. IIOCH
Grading and Excavation
4506 Ames Ave. KE. 0316
Let It Rain>! Improve Your Home
Experienced Roofers — Asbestos
Siding— Reasonable Prices. B.
Jones,— 34th Taylor, E. Omaha,
Call AVE. 5310 .
Groceries
HER MANS MARK ET
24th and Lake WE. 5444
HOUSTON’S GROCERY ~~
2114 N. 24th St. JA. 3543
Our Sausage A Specialty
Free Delivery
BERNARD’S GROCERY &
MARKET .
Where You Get More for
Your Money.
2012 North 24th St.
LEWIS GROCERY
Groceries Meats Ice Cold Beer
WE. 2478 2723 Binnev
FREE DELIVERY
LONDON’S
MARKET
24th & Charles Street
AVE. 9561
FREE DELIVERY
ONE HORSE STORE
W. L. Parsley, Prop,
WE. 9467 2851 Grant
MONUMENTS & MARKERS
HKFT ft NOYES
4l>th & Forest Lawn Ave. KE 1738
TAILORS
Economy Tailor—Cleaning & Re
pairing. We cut, trim, moke suits
to order. 1918 N. 24th St.
IIAIOW A RE
DOLGOFF HARDWARE
Paint, Glass and Varnish. We do
glazing and make window shades
to order. 1822 N. 24th WE. 1607
Laundries & Cleaners
7 EDHOLM & SIIERMAN J
2401 N. 24th WE. 6065 j
CURTAINS 25c UP —... No Pin j
Holes. Special— Office Laundry
or Men’s Laundry— Blankets—
Tablecloths. Laundry Delivered.
Mrs. Berniece Morrison. JA. 2541
EMERSON LAUNDRY 7
2324 N. 24th St. WE. 1029
'CURTAINS Laundered 20c Pr.
Will Assist In Your Spring
Cleaning
To Obtain The Best Results in
Curtain Laundering Call JA. 1628
Painting: - Decorating:
Ben & Hermit Anderson
Painting, Wall Washing & Decor
ating Work Guaranteed
2801 Miami, 2872 Binmey
WE. 5826
Let. Me Assist Your
SPRING CLEANING
By Doing Your
Papering - Painting
We Specialize in
CABINET WORK - CARPENTRY !
CALL
EGGERTH JA 6896|
Let PEOPLES Do It—Ten train
ed decorating mechanics. — Our
Motto ‘Service’. Peoples Paint & .
Shop— AT. 0054.
NOW is the time to Improve Your
Home— Let Bob do your Paper
ing, Painting & Plaster Patching
Reasnable Prices. WA. 8199.
Poultry and Effgs^
Tmetropolitan produce ..
1301 N. 24th WE. 4737
Poultry dressed while you wait.—
Strictly Fresh Eggs.
1 NEBRASKA PRODUCE
2206 North 24th St.
Our Prices aje Reasonable—See
us first. WE. 4137.
SHEPHEARD’S Poultry & Fish
Mkt. 2416 Erskine St. JA. 3772
Sundays WE. 4398
Sheet Metal Works
Tin, Copper, Galvanized Iron
Works. NESBIT & WEIR Furnac
es.
Farnam Sheet Metal Works
2908 Farnam JA. 6666
Shoe Repair
MODERN SHOE REPAIR
1410 N. 24th—High grade mater
ial used on all work-guaranteed.
Across from the Logan Fontenelle
Apartments
LAKE SHOE REPAIR
‘Shoe Pride or Shoe Shame’—
Shoes look new again with Our
New Invisible half soloing.
2407 Lake St. _
FURNACE REPAIRING
I I REPOTS FIREPOTS
Donovan Bros. 4733 Seward
WA 1656
Patronize
Our
Advertisers
Wanted
WANTED
Wanted experienced beauty oper
ator- Call Mrs. Michael, WE. 5633
Salvation Army Industrial Home
Needs Your Aid—Call Us When
House Cleaning—Clothing—Furn
iture, Magazines, Newspapers, or
Anything You Have. Call JA. 4135
Wanted To Buy
AUCTIONS
Hunge & Son Auction Co.
Highest Prices Paid for Complete
Homes of Furniture or Odd
pieces. 2821 N. 16th At. 3341
Cash Paid for Complete Home*
of furniture or odd pieces, of fur
niture. We estimate prices on all
complete homes of furniture.
Kenwood Auction Co. KE. 8124
ROOMS FOR RENT
FOR RENT
Neatly furnished rooms atrickly
modern for rent $2.00 per week
and up. Apartment and houses for
rent. Call ATlantic 7435, or
Mrs. E. Z Dizon, WEbster 3678
Nicely Furnished .Room for Rent
2622 Erskine St.
MEN WANTED
Colored young man for Commercial
posing Athletic build, good pro
file necessary Write, giving details
and snapshot- Omaha Guide, Box
398
TRANSFER
.. NORTHSIDE TRANSFER
2414 Grant St. WE. 5656
PEACES TO EAT
15c Extra for Taxicab Delivery
AMERICAN WEINER SHOP
2509 N. 24th Street
Z CHOP SUEY
American and Chinese Dishes
KING YUEN CAFE
2010% N. 24th St. JA. 8576
FOR~SALE
—Leg-al Notices—
RAY U WILLIAMS
Room 1 Tuchman Bldg. 24th at
Lake Street
Notice of Administration
In the County Court of Douglas
County, Nebraska:
In the matter of the estate of
Mary Holliday, Deceased. All
persons interested in said estate
are hereby notified that a petition
has been filed in said Court al
leging that said deceased died
leaving no last will and praying
for administration upon his es
tate, and that a hearing will be
had on said petition before said
court on the 17th day of Sept.
1938, and that if they fail to ap
pear at said Court on the said 17th
day of September 1938 at 9 oclock
A. M. to centest said petition the
Court may grant the same and
grant adminihtration of said eg
tate to Florence Myers or some
other suitable person and proceed
to a settlement thereof.
John F. Mericle,
Acting County Judge
begin 8—27—38
ending 9—10—38
For Sale
Bargains In
Homes
Down Payment from
$75 up to $35°
~ BALANCE LIKE RENT
E. M. DAVIS
LISCENSED REAL ESTATE
BROKER
2817 No. 24th St. WE 1166
Atty. John Adams, Jr.
Room 310 Karboch Block,
Douglas at 15th St
PROBATE NOTICE ,
In the matter of the estate of
Joseph A. Knight, deceased.
Notice is hereby given: That
the creditors of the said deceased
will meet the administratrix of
said estate, before me, County
Judge of Douglas County, Nebr
aska, at the County Court Room
in said County, on the 10th day
of October 1938 and cn the 10th
day of December 1938, at 9 oclock
A. M., each day, for the purpose
of presentng their claims for ex
amination, adjustment and allow
ance. Three months are allowed
for the creditors bo present their
claims, from the 10th day of Sept
ember 1938.
John F. Mericle,
Acting County Judge
begin 8—20—38
ending 9—3- 30
*
Ray L. Williams, Atty
Room 1 24th Lake St. Tuchman
Building
IN THE COUNTY COURT OF
DOUGLAS COUNTY NEBRASKA
In the matter of the estate of
Phillip Streeter, deceased.
To Phillip Streeter and all bene
ficiaries of his estate, and all other
persons interest in said estate.
You are hereby notified that a
petition has been fild in this Court
on the 30th day of August, A. D.,
1938 by Odessa Jackson, interest
ed in said estate as sole benefici
ary therof, alleging that Phillip
Streeter, a resident of Douglas
County, Nebraska, on or about the
15 day of June, 1929, without
known cause absented himself from
his usual place of residence and
has ever since concealed his where,
abouts from his family for a per
iod of more than seven years last
past; that said absentee has per
sonal property to be administered
in Douglas County Nebraska.
Said petitioner prays that the
Court prescribe the notice and the
return therein which shall be
given, addressed to and served up
on said absentee and said benefi
ciary as provided by law, that the
datu of death of said Phillip Street
er to determined and that adminis
tration of said estate be granted
to Odessa Jackson. You are there
fore notified that a hearing will
be had on said petition on the 29th
day of Oct. 1938, at 9:00 A. M. o’
clock at the County Court Room
of Douglas County, Nebraska and
that if you fail to appear at said
time and place and contest the
petition, the Court may grant the
prayer herof, appoint a represen_
tative for said absentee and make
such other orders according to law
as may be necessary to the end
that said estate and all things
pertaining thereto may be finally
settled and determined.
Bryce Crawford*
County Judge.
Beginning Sept. 3-38
Ending Oct. 29-38.
Atty. Ray Williams
Room 1 Tuchman Bldg. 24th Lake
PROBATE NOTICE
In the matter of the estate of
Robert Martin, deceased.
L.
Notice is hereby given: That
the creditors of the said deceased
will meet the administrator of said
estate, before me, County Judge,
of Douglas County, Nebraska,
at the County Court Room, in said
County, on the 24th day of Oct
ober 1938 and on the 24th day of
December 1938, at 9 o’clock A. M.
each day for the purpose of pre
senting their claims for examina,
tions, adjustment and allowance.
Three months are allowed for the
creditors to present their claims,
from the 24th day of September
1938.
Bryce Crawford
County Judge
Beginning 9-3-38
Ending 9-17-38.
--O
NOTICE!
to the M. W. G. Lodge of Nebr
aska:
This is to certify that Past
Master Chas. M. Simmons has
been appointed Deputy of District
No. 1, Omaha, Nehr., by the Grand
Master N. Hunter, 33 degree
NOTICE!
To the Nobles of the Oasis of
Omaha, Chas. M. Simmons 32 de
gree, has been appointed as Im_
perial Deputy of Shrine, the Oasis
of Omaha, District of Nebr. by
order of the Imperial potentate.
John H. Murphy
Baltimore, MD.
SECT. 10 YOUR LAST CHANCE
TO MAKE YOUR HOLLAR
HAVE MORE SERVICE
Sept. 10 has been set at the
deadline for payment of real es
tate taxes in Douglas County to
avoid having snid property and
taxes included in the annual de
linquent tax list .made public Oct.
ober 6.
This warning ha^ been issued to
reader of the Omaha Guide by
Wilbur Jones, executive chairman
of the civil delinquent tax codec,
tion campaign. (Real estate owners
should be certain their tax ac
count are “squared up,” he said.
A check of tax records disclosed
many properties that have only
the last half otf 1938 taxes or some
small amount remaining to be
paid in order to clear the property
of delinquent taxes. Once publish
ed in the tax list, the real estate
is open to administrative sale by
the county treasurer.
For its readers’ information, the
Omaha Guide prints this brief ex
planation of the administrative
sale:
X. The county treasurer is re
I quired to make public the legal de
scription of real estate bearing
delinquent taxes and the amount
of unpaid taxes, the first week in
October.
2. Real estate bearing delin
quent taxes is then offered for
sale and bids must be no less than
the full amount of the taxes, in
terest and costs. The county trea
surer issues a tax purchaser’s
certificate on all properties on
which a proper bid is received.
3. The tax certificate is a first
lien on the rea lestate in question
ahead of all other liens and mor.
tgages. The property owners has
the right to redeem the certificate
at any time during the next two
year, paying the total amount of
the certificate plus seven per cent
interest.
4. If unredeemed in two year,
the certificate holder may take a
treasurer’s deed to the property
or may forclose^. and receive a
sheriff’s deed under court order
It is rumored that serevarl
Omaha investors are preparing to
participate in the administrative
sale this year. Because it is a
sound investment at a reasonable
rate of interest, tax certificate
buying has lost the stigma it had,
in former years when interest
rates were higher and out of town
concerns made a business of tax
buying in Omaha.
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ST. LUKE PAY $8,386,20 IN
CLAIMS
Rishmond, Sept. 1 (C)—The In
dependent Order of St. Luke paid
$8,386,20 i nDecember death claims
and has paid $2,627,467,73 in death
claims since its founding 70 years
m
ago, it was announced last week.
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RACE ISSUE RAISED BY
ANTI-NEW DEALERS
Columbia, S. C. Sept. 1 CNA)—
The reactionary banner of race
hatred and white supremacy has
been raised here by anti-New Deal
elements in their fight against
thj New Deal drive to “purge”
tho tories from the high councils
of the Democratic party.
Chief among the offenders is the
veteran Negro baiter Ellison D.
(Cotton Ed) Smith, who has been
marked by President Roosevelt for
elimination from the Senate. Smith
ligo his political brothers in Ga.,
and other Southern states where
Roosevelt has intervened on be
half of liberal candidates, is shout,
ing from the house tops that FDR
intervention is in actuality and de
sign an attack on white supre
macy. The anti-New Deal cam
paign ranges all the way from
printed statements condemning the
Anti-Lynching Bill to whispered
instructions as to where those in
terested might find pictures of
prominent New Dealers associat.
ing with Negroes.
“This is one time whether you
like E. Smith or not every red
blooded white man should vote for
Smith," Senator Smith has been
telling South Carolino crowds, “be
cause outside organizations are
seeking to dfeat me because of my
stand for white supremacy.”
A campaign paper published hy
Smith devoted a fuU page to his
anti-Negro record, with a scream
headline reading '‘Senator Smith is
awhite supremacy Democrat; his
re-election will be a wholesome
warning to he East."
The paper carries an attack on
the CIO and on Labor’s Non-Par
tisan League as suporters of anti_
lynching legislation.
]n a radio broadcasts this week,
Smith further assailed the CIO
for its policies of race equality in
its unions. He offered as a dread
ful example the election of two
Negro vice presidents and a Ne
gro board of directors member by
a CIO chapter of Federal workers,
recently organized at Columbia.
That, he told his bearers, was
the “opening wedge" and added
that the time would come, if the
CIO were successful in its acti
vities when the wmte workers of
South Carolina would organize
side by side with Negroes in the
State’g industries.
In 1936 Smith walked out of
the National Democratic Conven
tion. held in Philadelphia,, because
a Negro minister was chosen to
ask the invocation.
Governor Olin D. Johnson, who
! i<} running against Smith for the
\ Senate has been ndorsed by Presi
| dent Roosevelt.
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