Q----*- .O Economic Hi Lights o-o I Happenings lliat Affect The Din ner Tails, Dividend Checks and Tax Bills of Every Individaul. National' and International Pro blem Inseparably from Local Wel_ fare. Will business get better or worse? Will change take ptace rapidly or slowly? Which lines of industry seem to face the most favorable prospects, and which the most unfavorable? In an at f tempt to answer such oft-asked j questions as these, the Associate j d Press recently queried more I than a score o* “leading econom ists.’' The resulting symposium casts an interesting and fairly op-1 timistic light on the current sit uation. Asked if there will be general recovery during the balance of tho year, 11 economists said “def initely yes.” Nine said “prob-' ably yes.” Only or.e took the* negative view, and two had no ^ opinion to offer. Asked as to the duration of the recovery cycle, eight economists said it would last until Christmas at least four expected it to' go through next spring. Seven be lieved it would continue beyond spring, and three had no opinion. Sixteen of the men replying re.. garding government spending as, an aid to recovery, from the stand point of the short view. Two be lieved it hindered recovery, two more thought it of little import ance, and three were /rulecided. Tho leading factors favoring recovery include: better retail trade; higher commodity prices; reduction of inventories, and tho improved trend in the stock mar Principal factors unfavorable to recovery mentioned by the eco nomists include taxation, govern ment interference with business, tho low condition of the heavy industries and price rigidity, Cur iously enough, both wage cutting ar.d resistance to wage cutting wero also mentioned as unfavora ble factors by various of the ex perts . As to the pace of the recovery the bulk of the economists took, the view that it would be slow' and steady. Only one said that he an ticipat d a boom. And ) Helically all of them predicted the briskest, pick up in consumer goods indus tries, and expressed doubts as to tho experience of the capital goods industries. So much for the future. Events of the present seem to justify the economists’ careful predictions. The general improvement in busi ness sentiment continues to be re flected in tho stock market. The week ending July 23 saw a number of leading issues reach their high est points in 10 months or longer. And turnover, was at a fairly good level. A few lines are showing unus ual strength—steel, for instance,' recently jumped operations from £2 to 33 per cent of capacity. Residential building contracts con tinue to slowly improve. Buying in consumers’ goods fields rises. On the- debit side is a poor out look for profits in many indus tries and continued slackness in the extremely important automo bile industry. It is expected that car production will rise soon, but not to anywhere near last year’s levels. Business Week estimates that this year’s farm income will be good—$7,400,000,000, which is 10 per cent under 1037, and 3 per cent under 1936. The opinion is going tho rounds that the democracies’ best defense against the fascist totalitarian states, is the latter’s astounding financial weakness. The democracies, of course, such as France, England and the U. S. have gone to great lengths, in mo. notary tinkering, taxing and spending. But they aren’t in the same class as the fascists. Ger many, for example, absorbs over one-third of its national income in taxes, and still can’t make both ends meet. Italy, faced with poor crops and an increasingly unfavor able balance of IkacV, is ha.\J pressed for >iioney. And Japan, as everyone knows; is spending be yound its means at an incredible rato, and is giving something like half of all its government reven ues to the maintenace and expan sion of its military machine. First economic collapse, many think, will come in Germany. Ger many has long been financing 1 herself by an amazing technique. Any company working for the go vernment—and all important com panies in a totalitarian state do that most of the time—has been paid in so-called “work bills," which matured in a year or two. The company took these to banka and discounted them for cash. When the banks got too many on hand for the government to buy back on the due date, the govern ment refunded there. .• Ti,ater still an “improvement v^as devised whereby the government gave companies treasury bills which could not be discounted. All of these companies then got stuck with non-negotiable paper, and couldn't get cash to «arry on their business. Recently they had to sell stock for thi8 purposes—and thd (See colmun directly below) ■ 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. I 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 oan & Bldg. Ar»sn 15th and Dodgy NOTICE OF ADMINISTRATION In the County Court of Douglas County, Nebraska: In the matter of the Estate of i Mary Pierce, Deceased | All persons interested in said For Sale Bargains In Homes Down Payment from $75 up to $350 BALANCE LIKE RENT | E. M. DAVIS LISCENSED REAL ESTATE BROKER estate are hereby notified that a petition has been filed in said Court alleging that said deceased djed leaving no will and praying for administration upon his estate, and that a hearing will be had on said petition before said court on the 8th day of October 1938, that if they fail to appear at said Court on the said 8th day of October 1938, at 9 o’clock A. M. to contest said petition, the court may grant the same and grant ad ministration of said estate to Hen ry W. Black or some other suit able person and proceed to a set tlement thereof. Bryce Crawford, County Judge Begin 9-17-38. Ending 10-1-38. -O Kay 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 hus been fild in this Court on the 30th day of \ugust, 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 date 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. tativo for said absentee and make such other orders according to law as may be necessary to the end that said estate arid all things pertaining thereto may be finally settled and determined. Bryce Crawford, County Judge. Beginning Sept. 3-38 Ending Oct. 29-38. -o■ Atty. Ray AViliianw Room 1 Tuchman Bldg. 24th Lake PROBATE NOTICE In the matter of the estate of Robert Martin, deceased. 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. -— OMAHA PUBLIC LIBRARY For many this summer will have only memories of scorching heat and sweltering night, to others, delightful trips to favorite vaca tion spots, but to two hundred and fifty Omaha children it will mean more than that. Had you chanced to visit the various children’s depart ments of the Omaha public library during the summer months you would have noticed miniature card boats sailing through a happy va_ cation spend trading. The “Sail boat Reading Race” was in full swing. At tho beginning of the vaca tion period an individaul boat was launched for each member of the sailing club. Then all he had to do to keep in the running was to read and report satisfactorily on ono worthwhile hook a week for ten weeks. For each accepted re port that a club member submit ted his boat moved forward in the race. Two hundred and fifty boys and girls handed in reports, about ono hundred of that number pas sed the finish line. More girls than boy3 began and finshed the race. Does that prove anything for the child psychologist ? The results report so many of them so well done that a/lufts might gladj(y claim them. Tho reports were judged by a committee of children’s librarians of the public library staff. Today they announce the news Omaha youngsters have been for—the winoners of the race. A prize goes to each of the following boys and girls for doing the best work. Barbara Burnett Windsor school 7A, Main Children’s Room, Vir ginia Burnett, Windsor, School, 6A Main Children’s room, Margaret Conley, St. Mary’s School, 6A, S. Branch Library, Edna Mae Monk, Lothrop School 5A, North Branch Library, Gordon Monk, Lothrop, 3A, North Branch Library, Bruce McMicheal Benson West School, 7A, Benson Branch Library, Jes sie Blair, Belvedere School, 8A, Florence Branch Library and Ann Gilman Lake School, 8A, Locust Sub-Branch Library. -O 3 DELEGATES DIE IN CAR CRASH (Continued from page 1) Hospital for treatment while a sixth person, Mrs. Brown, 42, was allowed to return here. The accident occurred when a car driven by B. W. Rouse, white insurance broker, got out on con trol after a front tire blew out. The Rouse machine crashed into the Dortch car, leading a process ion of 5 automobiles carrying de legates from Progressive church to the convention. The three wo men victims were killed outright and Dortch died Thursday. —-o HENRY ARMSTRONG VA CATES FEATHERWEIGHT TITLE Now York.According to word re ceived Monday by the Twentieth Century Sporing Club from Eddie Meade, manager of Henry Arm strong, the triple champion will become a double champion for he I is to vacate his featherweight throne. Meade stated that hc felt that Armstrong could still make the featherweight limits, but the pur ses involved in fights for this J crown were not enough to justifj result was a crash in the govern ment-dominated German stock market. There hasn’t been much audible complaint—it doesn’t pay in Ger many, where new concentration camps are being built as the exist ing ones have proven inadequate to hold Hitler’s enemies. But German foreign credit is reaching tho non existing point and condi tions aro getting worse. One colu mnist, is describing Germany’s impending collapse, says, “The prevailing opinion in Washington is that it won’t be long now.” thu champion for the hardships he would have to undergo to make the weight. The featherweight title was tho first one of three won by Arm strong during the past year. He acquired this title last October when he scored an impressive knockout over the former cham pion, Petey Sarron of Birming ham, Ala. -—uwu -* EJECT TEACHERS FROM STEAMSHIP LINE Detroit, Mich., Sept. 15 (ANP) —Four women, three of them school teachers were ejected from the S. S. Alabania of the Kirby Steamship Lnie after purchasing tickets for a five day cruise to Georgian Bay. Tho travelers were Mrs. Lowell Baker who teaches in Detroit; Miss Anna Smith a tea cher from Windsor, Ontario; Mrs. Dickison I. Dickison a school teacher and ner sister Mrs. Dick inson had bought the reservations for her sister and herself prior to leaving St. Louis a month before, but the purser followed them to their state room, insisted tho reservations belonged to people from Cleveland and demanded that they leave the boat. Mrs. Baker and Miss Smith were given the same type of treatment. All of them retained their tic kets and the keys to their state rooms, which had been issued to them. Mrs. Dickison refused $103 refund. Tho Detroit branch of the N. A. A. C. P. is handling the case. At torneys Francis .Dent and Henry Sw'eet representing tho branch said that the general passenger agent had promised to make an investigation of the case but that a suit for violation of the civil rights acts would be filed. -o___ CLASSIFIED ADVERTISING GETS RESULTS! 5;ur Shopping with me Omaha Guide