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About Omaha daily bee. (Omaha [Neb.]) 187?-1922 | View Entire Issue (Feb. 20, 1921)
THE BEE: OMAHA. SUNDAY. FEBRUARY 20. 1921. Failure to Sell 1 Corn Handicap to North Nebraska C. E. Burnham, Director of Federal Reserve Bank, Pre- tlicts Better Business ip i Near Future. Marrh 1. "Settlement Day," I critical UliiH In an agricultural atat Ilk N traaka. With the unsettled financial eon dltlima. The Hre f.orri-apondenta have com llteil a Hurvey of condition. In the atate lifter Intnrvlnwn with leadline bankers, tanners. Iiuslmiw men, etc. Thla la the third of th aerioa of aurveys on the eco nomical and financial condltlmta In tha atate: - Korfolk, Neb., Feb. 19. (Special.) Better business condtions can be expected in northern Nebraska and southern South Dakota after March l. next, according to the belief of business men. professional men, and some of the farm experts who be lieve they see many signs which, along with the spring songs, bring a feeling of more confidence on the part of all those who have been . fearing the future, owing to the tightness of money and depressed business conditions elsewhere over the country. In the corn districts of north Nebraska and South Da kota, little bustnessV comparatively speaking, is being done, but that is due to the halting of the sale of corn by muddy roads. Agricultural business is rather slow, according to R. A. Stewart, agent for the Madison County Farm bureau. The banks are loaning some money to the farmers, he says. Renters Sell Corn. "Here and there we hear of banks forcing in some corn. This is true so far as renters are concerned," the farm ' agent says, "but that is normal, the renter being without funds is forced to sell to meet his rents. The ordinary farmer is not so badly off. Every farmer' is cut ting down on expenses for the new rear. Those who can afford to hold their grain are doing so. They be- $2,000,000. That is an indication of better business." March 1, 1921, is the most proble matical settlement day in the his tory of the agricultural country, ac cording to admissions of bankers and real estate men. Settlements must be made on that day which will be a drain on all banks. Through out the tenth federal reserve district indications are that all banks have made arrangements for the settle ment day and only a few real'drains on banks are anticipated. Several bankers say that they have the March 1 settlements tinder control and that business will go along very nicely after that date. Calamity Howlers Downed. While most progressive business men are urging confidence, downing thc calamity howlers and through optimism creating better business, the numerous foreclosures on real estate which are pending and record breaking number of bankruptcy cases are not being lost sight of. "Confidence is one of the . largest elements to successful business." says g statement of one north Nebraska banker to his trade. "During this period of deflation and readjustment do not allow your confidence in the ability of this great granary of tha world to be shaken. We produce not only the food, but the raw material so necessary to sustain life and con tinue manufacturing." Credit Men to Meet In Omaha Tuesday Opening Session at Elks' Club Banquet to Be Held at C. of C. in Evening. C. F. Brinkman, assistant cashier of the United States National" bank will deliver the opening address at the fifth annual convention of the Nebraska Credit Men's association's meeting at thij Elk? club here Tues-dav. W. L. Grecnslit, president of the Lincoln Association 'of Credit Men li.-ve that the nriee can eo no lower ! will respond. An address by II. F. - w ..a. f 1 and in holding they have everything to gain and nothing to lose. , "Most of the farmers are getting ready for their spring work, which will begin right after March 1. General farm conditions are good. Farmers are planning their, work on a better business basis and while the work will be . carried on a much smaller scale and the farmer will lie an economist, there will be much new work on farms this year. Farm labor will get less money from pres ent indications. About $60 will be the highest price paid for the best class of hbor, while $25 to $50 will be what most farmers will pay their help." ' Counties Let Contracts. Counties in north Nebraska are beginning to let contracts for ' bridges and grading contracts are being made in counties where the state and federal aid is not available at this time. Some of the town boards, however, are holding back on improvements due to the fact that material costs are higher; than last year. . ; John Issacson, contractor, states that he finxls .counties are quite busy now in. letting bridge con tracts. s ',. "The higher ' freight rates have caused th price of material .used , in municipal improvements, such as water extensions, to be higher this year than at the same time last year," he says. "There is a tendency to withhold improvements by the towns on that account, but counties have to keep their bridges in good condition and that improvement work will continue as in normal times." - ' Bank Reports Favorable. C. E. Burnham, director of the federal reserve bank at Kansas-City, which has charge of the 10th fed eral reserve district covering all of Nebraska, Kansas. Oklahoma, Colo rado, and parts of New Mexico and Missguri, declares latest returns to ' that bank point to better business in most every corner of the district. Nebraska, he says, is furnishing more capital than any other state in the district. A loosening up of the financial situation is noted every where except where the corn is not being moved in north Nebraska. "The only real - debt-paying products sold in north Nebraska are the hogs," says' Mr. Burnham. !"Cat . tie which are being shipped are a liability rather than an asset be cause thev are being sold at a loss of from $10 to $30 a head That throws the debt back instead of it being wiped out. It merely reduces it a small amount. This is caused by the fact that many farmers went to the markets and bought cattle expecting a profit after feeding. Instead of a profit they were unable to pay for the first cost., Hogs Money-Makers. "The situation with hogs is differ ent. At the present time money is being made by feeding 25 to 30-cent corn to hogs which sell around $8 a 100 pounds. That nets the farmer a fair orofit and those farmers who have hogs to sell are paying off them indebtedness. "Ilie real debt-paying commodity. of north Nebraska is corn and tha, is not being sold because of the low price." . v . : Discussions on the financial equa tion with Mr. Burnham and other bankers indicate that deposits con tinue going down. Some banks are absolutely refusing to loan money to finance new business, while others 1A.f,r in Pnnnrtl "Rlnffa re loaning more trcelr. Une tarmer, ?, vi,;i w. he a. a flVlllllflft V rvcillllC. wan. . . - - loan here for S.OOO to tide his feed ing investment over a few months. Old paper is now being renewed by some of the banks. In other words, the banks are taking care of their regular business. ' i Corn Big Problem. "If the prices of farm products increase there- will be a healthy re vival of business conditions." says the federal reserve bank director, "this being an agricultural country, and we depending entirely on corn, we will have to market that product before we get any benefit. "The tenth federal reserve bank district is in much better condition. In the past few weeks the bank has paid otf rediscounts with other federal reserve banks .amounting to about $31,000,000. This is the result of the sate of wheat in southern Ne braska, Kansas and Oklahoma. When business in the bank closed on Feb ruiay 4'. the records showed no re: discounts, with increases in the re serve accounts amounting to about Gilmour of Lincoln on "A Study of Credit Correspondence" and a gen eral discussion complete the morn ing program. ' ' G. P. Horn and E. J. McManus of Omaha; and Russell Kilborn of Lincoln will speak at the afternoon session. The meeting will adjourn at 5'Tuesday evening for a banquet at the Chamber of Commerce. A feature of the banquet will be talks by Miss Corrigan of the Field-Hamilton-Smith company, and J. H. Tregoe, secretary and treasurer of the National Association of Credit Men. . Registration for the meeting will start Tuesday morning at 10. C. J. Ochiltree of Omaha, J. S. Tupper of Lincoln, and L. T. Kohl of Hast ings are on the Nebraska conference committee. At the general discussions in the morning and afternoon the credit men will take up puzzling questions of their business in an informal man ner. About 300 men are expected to attend. " v . Community Department Planned by Omahans i Henry F. Meyers and . Henry H. Lovell, room No. 8, Wead block, are promoting a project which they ex pect will result in the erection of a series of apartments at the northeast corner of Fiftieth and California streets. , They refer to this enterprise as "community apartments." Each oc cupant will own an apartment, the payment of which will be arranged on the basis of full or part payment down, they explain. They state that their first building will be a near a school house, will be fire-proof and there .will be a land scape garden court 70 feet wide. The site is 150x135 feet. " Mr. Lovell stated that the idea has been used in Europe for many years and' has proved to be success ful. - . . 30 More "Nifty" Ladies Are Sought for Den Show Ben Johnston, director of the Ak-Sar-Ben den show chorus, is emitting load wails of distress. Ben is looking for nifty ladies of the chorus for the den show. He has 50, but he wants 30 more. Thus the wails of distress. The author of the show is re sponsible. He put so many chorus numbers into the show which is to start next June that two choruses are required. One will be on the stage while the other is changing costumes and vice versa. "Ak-Sar-Ben needs 30 chorus girls who can sing and needs 'em bad," wails Johnsfon. The only requirement is a mascu line voice that isn't too masculine.. A rehearsal wilt be staged at the Elks club Monday night and John ston asks candidates to seek htm out there. ' Minneapolis Park Head to Speak Here Tuesday Evening Theodore Wirth, - superintendent of parks in Minneapolis, will give an illustrated lecture showing what has been done in Minneapolis and other cities on parks and boulevards, Tuesday evening in the city hall un der the auspices of the North Side eommunitv club. Mr. Wirth will will be the guest of Jacob Hess, florist. Woman Loses $2,016 in Bold Daylight Robbery St. Louis. Feb. 19. Mrs. Antone Gastch, 26, was held up. beaten and robbed of $2,016 by three bandits who accosted her in broad daylight at a busy south side business cor ner. She was taking the money to her husband's soft drink parlor when assaulted. 1 , Divorce Court niTort tteereea. Charlca E. Slater from Lydla Slater, d ttrtlon. Btrtb Dtrla from Jamea A. , Davla, cruelty. ' Marie Warren from Roy M. Warren, cruelty. Beaale HiRfina from ' Bruce HtCfina, erueliy. Panay May McKlllop from William Me Klllop, cruelty. DlToree Petltloai. Fay Karnic atalnat James fcarmee, cruelty-. Dorothy Wright acainat Ira Wright, malty. f-N ' ,g u35afltfll 'upiir" .j Felbraary SMe of Yard Good and Accessories Beginning Monday Values Without Precedent An annual bargain opportunity which makes it possible for the economical woman to obtain the dress goods and accessories she wants at the prices she needs. The prices won't let you forget and the qualities will remind you. FEBRUARY SALE OF Domestics x at prices you've waited for Dress Ginghams Genuine York and Everett Classic dress ginghams ; in beautiful plaids, checks and plain colors; 10 to 20-yard lengths; Monday, n per yard, IPiV Dress Percale For dresses, wrappers and shirts; light and dark colors;' 2 to 10-yard lengths; 36 inches - , wide; special, per yard, 1.1 yoQ - Cretonnes Wonderful assortment of beautiful tapestry and shadow effects ; for draperies, fancy work or the new; much admired house aprons new printings and color combinations,; 3G inches wide; worth fl , ' 75c; special, per yard, OotJ? Embroidered Tissue Gingham In assorted patterns and colors; exceptional1 val- Q , ue; 36, inches wide; Monday, per' yard, o)? . Novelty Shirting Madras In assorted pretty patterns; for men 'a and boys' L , shirts, waists, pajamas, etc. ; all fast colors, yard, Oy Unbleached Muslin Heavy round thread quality; in long mill nf , " lengths; wonderful value; special, per yard, l-iV , Unbleached Indian Head Muslin Of superior weight and construction; 1 to 10- . , yard lengths ; 36 inches wide ; special, per yard, 17 yop Wearwell Bleached Sheeting A sheeting made of long staple cotton of uniform quality with tape edge, which adds considerably to its wearing and laundering quality; specially priced for Monday. 10-4, 90 inches wide, per yard, oop 9-4, 81 inches wide, per yard. ' " 49 - White Outing Flannel, V Good quality with long warm fleecy nap ; 10-yard limit to a customer; special, per yard, - t , ; Mill Remnants 36-inch bleached muslin and 36-inch cambric ; I good quality for making sheets and cases; spe cial, per yard, 15 ioy2f Basement North. FEBRUARY SALE OF ILK at long-expected prices This annual event is eagerly looked forward to by all silk users, giving: them a wonderful opportunity to supply the season's wants at a big saving. Spring and Summer Silks . in all the new colorings Choice 40-inch Printed Radium ( 40-inch Foulard Tricolette Crepe de Chine Georgette Crepe Stripe Shirting Silk Stripe Crepe Shirting Silk Warp Canton Crepe Tapestry and Vesting Silks Yd. C0EDIB0I Narrow vail corduroy, a practical fabric suitable for bath robes, lounging robes, children's dresses, skirts, etc; in Cop en, rose, tan, brown, American Beauty, lavender, wistaria, coral, ivory, plum, Russian green and navy; speflal, per yard, 69c SILK CHIFFON TEITET AND DTJYETYXE Note this wonderful offering of 40-lnch silk chif fon velvet and silk duvetyne; in the navy, rose, coral, brown, Copen, silver, bisque. Russian green and brown; a limited amount, while they last, per yard, at $995 GENUINE PCSSY WIII0W TAFFETA In black only; O AZ 40 inches wide; special, per yard, aW.riO ( The Aisle of Silk " Main Floor Center 1.00 FEBRUARY SALE OF Dress Goods at prices you've waited for Mill Ends of Dress Goods Several thousand mill-end pieces of all wool goods from one of America's foremost mills; lengths are from 1 to 5 yards; suitable for coats, suits, skirts and dresses; all staple shades; widtn 5U to o inches; priced at a fraction of their worth, per yard, 3500 Yards of All-Wool Dress Goods All 38 to 44 inches wide; fine pure all wool French serges, all wool poplins, all wool Otto- mans, all wool taffetas, all wool plaids, etc.; in all the most wanted staple shades ; just the right weight for your spring suit or dress; special, per yard, Pure Wool Tricotines 48-inch fine quality tricotines, in navy, blue and brown; all pure wool materials, in demand for spring suits and frocks; priced for our sale at, per yard, t . ,' Chiffon Broadcloth Just what you need for' spring suits, dresses and skirts; sponged and shrunk and fine lus trous satin finish; in black and all wanted spring shades; priced for Monday, per yard, ' Suitings, Coatings, Etc. These represent a fortunate purchase of sev-, erai thousand yards of 50 and 56-inch all wool suitings, ' coatings, worsteds, plaids, checks, stripes, etc. ; desirable for tailored suits, coats and skirts ; priced for Monday selling, at, per yard, . 54-Inch Silvertone ; The smart spring fabric; pure all wool; a full range of the newest spring shades; for tail ored suits and coats ;. priced for Monday, spe cial, per yard, I Government Surplus Khaki Cloth In light and heavy weight; desirable for ladies' and children's skirts, suits and coats; also for men's and boys' top coats and shirts; 27 to 36 , inches wide ; priced for Monday selling, at, yard, Oyv. Fine Wool French Serge In navy and midnight blue; a fabric adapted for spring suits and dresses, and .will give ex- Qft , cellent wear; priced for Monday, per yard, o"J? Main Floor Center. 1 1.25 2.69 3.50 1.95 2.45 An Exceptional OFFERING 40 and 44-inch Plain Colored Chiffon Voile, 38 and 40-inch Silk and Cotton Mixed Novelty Voile, 36-inch White Embroidered Dress Swiss, assorted dots, 36-inch Mercerized Dress Poplin, assorted colors, 36-inch Bangkok Shantung suiting, in plain shades, 40-inch Plain White Voile, with tape edge, 36-inch Novelty White Voile, stripes, plaids and checks, 36-inch Whit Splash "Voile, beautiful quality, 36-inch White Pique, in assorted cords, 36-inch White Indian Head Suiting, Belfast Linen finish, 45-inch Mercerized White Batiste, soft silky finish, 39-inch Plain White flaxon, extra sheer quality, Seasonable Wash Fabrics FOR. EARLY ' SPRING WEAR Choice 39 Gentf Yard Colored Irish Dress linen 95c yd. Made of Genuine Irish flax; in the wanted shades for spring and sum mer; fine and heavy; 36 and 45 inches wide. Old Glory Long Cloth io-Yard Bolt , 95c Soft chamois fin ish; for under wear, etc. Jo Mali or Phone Orders Filled. L 40-inch Novelty , White Voile, in assorted plaids, checks and stripes. 36-inch Silk and Cotton Mixed Foundation Silk. , 36-inch Silk edge Cotton Crepe de Chine. 27-inch Mercerized Dress Poplin, in assorted colors. 27-inch White Ripplette, for boys' and girls' wash suits. 36-inch Sea Side Suiting, in plain shades. 27-inch White Linen finish Suiting. BasementNorth Choice 22 Cents Yard ACCESSORIES at Prices You Can't Forget EMBROIDERIES FINE EMBROIDERY FLOUNCING In cambric, longcloth and nainsook ; 12 to 17-inch width, 0fj. per yard, , .-. : ' Ao? REAL HAND MADE FIL LET Laces and Insertions lYi to 3y2 inches wide; yery special. n per yard, J..D3J MEDALLIONS Real Filet Medium and large; hand made ; each, 1.69, n , 1.00 and 25f? Main Floor Center. TRIMMINGS SOUTACHE BRAIDS 12-yard bolts; latest shades, blue, brown, tan, gray; for braiding suits, ft , dresses; bolt, 1"? LUSTRAL BRAID 12-yard bolts; for braiding and em broidering soft materials ; newest shades; joj. special, bolt, . 49? MEDALLIONS Fancy medallions; all styles and shades; latest color schemes; for trimming; , '. Q each, 10c to Dap Main Floor Center. NOTIONS T.'old-oj-pd Needles, all sixes j formerly 15c 5d fall 0. 5. T. Crochet Cotton, all alset Sc too Best Robber Dress Shields, per pair 19t !5e Knbber Dress Shields, special, per pair, 12V& Sc Bias Tape, 0-yird bolts, 4 bolts for ...... 25 Spool Fast Colored Darning Cotton 2 Elastic Hair Sets, all shades, each 5 15 Shirt BaK all Rises, each 5 Steel-eyed Needles, all sizes, package of 25 ..2Vid Bomper Elastic, 8 pieces for .10 Dressing Pins, 800 to paper, per paper 5 Mercerized Star Twist, just like silk f used for hand or machine Hewing; 3 spools for 10 Extra heary firm boned inside belting. In whita and Mark; every width; at. per yard, 10 'alftr Brassieres, fitted with Naiad Dress . Shields, every slse, formerly 1.75, special . .49 Main Floor South. DRESS FORMS Jersey Covered 1.89 Every size; they solve the problem of fitting yourself. This is our best, number. Specially priced for this great sale at 1.89 Main Floor South LININGS A. B. C. SILK 36 in. wide ; in all shades; used for fancy work, etc.; H " special, yard, l.UU FANCY SATEEN PERCA. UNE AND TAFFETA In I all color combinations; light Monday, yard, 7"v PLAIN SATEENS In all wanted shades; best quali ties for linings and fancy work ; 36 inches wide ; ' priced Monday, rn , at, per yard, 75c and O U Main Floor Center.