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About Omaha daily bee. (Omaha [Neb.]) 187?-1922 | View Entire Issue (July 18, 1921)
THE BEE: OMAHA, MONDAY, JULY 18, 1921. ... y Growing Demand For Information i On Farm Problems Lgricultural Stations and Col leges Almost Swamped With Flood of Calls on Eco nomic Questions. The rapid development of the farm bureau and the agricultural extension work has swamped the agricultural experiment stations ' of the country with demands for more definite in formation on the solution of the farmers' problems, according to Dr. E. W. Allen, chief of the office of experiment stations 'of the United States Department of Agriculture, who recently visited the Nebraska i . experiment station at Lincoln. f Tt. r i i . .t. v inc mi iii uuicau, urgamzca in mc Jfiterest of more efficient farming, has seized upon ' the information which the experiment stations had at hand and is now demanding addi tional facts, Doctor Allen said. In creased production, which once occu pied very largely the field of experi ment statiou work, no longer satisfies farmers; they are now interested in the economic aspects of agriculture. The experiment stations realise that a great deal of investigational work must be done concerning the eco nomics of arming. J ' ; Dr. Allen mentioned the experi mental work that must be done in the interests of the "woman in the home. The farm bureau is demand ing that the experiment stations help lighten . the burdens, of the farm woman. , . '.-.r Dr. Allen mentioned several fields in which experiment stations have revealed rather startlifisr facts. Ex- cnmental stock feeding in the, last few years has threatened to upset some time-worn ideas. A ; vast amount of valuable wrk has been done along the line of animal and plant diseases, with the result that THE GUMPS SPORT VS. AGRICULTURE Drawn for The Bee by Sidney Smith. Copyright, 1921. Chicago Tribune Company OOoT OUT OH AOIF COURSE- WALK 5" OR 6 AtlVtSg ( TO SE C)M1H0 Aowt ( I i IE f f ACRC TD PWLP UP WOEH CONTtWtONV- U t tH THE HOT SUN- CAXWC A UTTLE 2 OUNCE g J TU UWCS BMjMT HOU- 11 Wfl,'LJL, VJE RAE ENO)Gtf StVF OK Uo ACfctS TO FEt : I IN TOUfe YttNP - TH CMtY'& OOT AU THL A tOUEOME- MIKE lW nr V A COUPIE OP HVNtReV CM YOU PVWC 6u - U PEST THE TOOVS - THEN VOU 60 INTO THE II PYRENFOfeTU- J M M V4E - GET OUS EXERCE." PR0V0OMC OWETHVNO- ' M C- HOWSt AW JLAW ALL NlGHTf ANt J I WW. M0ttfc- TMAT A!' -t I 15 LJL WHEW NOV) FWO A. 6)V W UP HfcfcE NE'S EH XW 00 TO WORK Tb Grain Growers Sign Contracts With Elevators Nebraska Firms Agree to De liver Crop to New Associa tionNew Organisations " Are Formed. ','vsome widely accepted theories have &i to be altered or abandoned. The coming of the fanner into his town and the demand which he is making for new farm facts have been brought to the consideration of con gress by Representativ ePurnell of Indiana, who has introduced a bill providing for increased federal aid. In spite of the greatly increased de mands upon the stations, their finan cial support has not been increased in more than 10 years. Dr. Allen complimented the Ne braska station on its work and ad vancement. VWe look upon the Nebraska sta tion as one of the best and most re sourceful in the country," he said. "We are much Impressed with its steady advancement, with the way it organizes and conducts its work, and with its "efficient, plant. , Each new building seems to represent the cli- max in efficiency. This is especially true of the animal pathology plant and the engineering and dairy build ings. The way the Nebraska station selects its experimental work and the fact that such work , is limited to pressing problems, is especialy pleas ing. Nebraska make$ a happy com- I bination of the theoretical and prac tical and it bids fair to accomplish a freat deal of good." . Much Wool Still Held by South African Growers ; The total accumulation of wool in the. Union of South Africa on April 1. according to the American consul at Cape Town, is given as 414,000 bales. Although these are not gov ernment statistics, the consul states that they are reliable estimates. It is estimated that of this amount 83, 000 bales are high-grade wool, 145,- 000 bales medium grade, and loo.uuu bales low-grade stock. " The supply available on the same Aatf last var was 200.000 bales, of V tiihMi U fiftn tiicrh-crarle wool. 70,000 medium grade, and 76,000 low Full Lists of Licensed , Warehouses Available Complete lists of warehousemen, classifiers, inspectors, graders and weighers licensed under the United States warehouse act are made avail able in printed form for the first time. These- lists are in Service and Regulatory Announcements (Mar kets) No. 68. Copies may be secured by writing to the U. S. Department of Agriculture, Washington, D. C Onion Acreage iteduced. The' onion acreage hi-the ' north . has .been considerably, reduced even in rnmnarison with last vear's rather light acreage.; The, crop Jn some dis tricts has not been doing verys well, wing to uneven stand and various Buries by insects and other-pests. It Is. of course, too early to obtain any general idea regarding the prob able yield. . .-' 1 r A. J. Dewald of Belvidere, Neb:, representing the,. United States Grain Growers, Inc.. signed contracts with six co-operative elevators last week, by which the elevators agree to de- liver to tne unitea . states urain Growers the grain of. growers who later - take out a. membership. He signed; every elevator . interviewed. These elevators who thus signified their, desire to getv behind this co operative movement are located , at Byron, Bruning, , Hubbell, Gilead, Hebron and Carleton, At Williams, where there is no co operative elevator, Mr. Dewald ar ranged for the formation a lo cal grain growers' association. This association will be the local contract ing body and supervise the handling and financing of , meraliers grain. It will arrange for the use of local elevator facilities, either by con tract, construction, purchase or oth erwise. Word from the office of the state organizer indicated that SO elevators would be signed up by the last; of this week. The 13 solicitors working in the different parts of the state, have scheduled meetings for' every day this week with boards of direc tors of local co-operative elevators and they report that a high percent age will be maintained throughout the campaign. In most cases the di rectors have voted unanimously 'O sign the individual grower; contract as soon as this phase ot tne organi zation work is started.. 'k ' The United-States Grata Growers is also making satisfactory progress in other middle western states. lwen- ty-fcur elevators, with an average membership of 61 farmers, liave be come affiliated with this organiza tion in. North .uaKota, accoramg to reports received from U. L. Bur- dick, director of the organisation in that state. Approximately 5.000, 000 bushels of grain are involved in the individual contracts signed to date. ... Thirty-three co-operative elevators in Missouri have signed contracts for membership, according to R. E. Donnell, state organizer. Up to the present time no effort has been made to obtain signatures on the growers' contracts, btit this work will start immediately. - : Exports of Butter From Argentina Show Increase The exports of butter from Argen tina during the first quarter of 1921 totaled 340,541 cases of 55 pounds each, compared with 150,175 cases during the corresponding period of 1920, . according to the Review . of the River Plate.- The United King dom took 274,940 cases: Italy, 49, 273 cases; -Holland, 7.917 cases; the United .k States, 3,588 cases, and France, 2,999 cases. ; - . Argentina's Wheat Exports. Argentina exported 475,008 tons of wheat during the first three months of 1921,' compared with ,1,612,104 tons during the corresponding period,' of 1920 according to the Review of the River Plate. Brazil furnished the chief market, taking during that period 76,108 tons. Other important purchasers were nouana, w,yai tons; Belgium, 38,718. tons; and Spain, 28,740 tons. 6 UY YOUR COAL in Plenty in Our Yards y Prompt -Delivery And you have the pick of the mine product at ;v: Summer ; Prices Phone WAlnut 0300 Updike Lumber & Coal Co. WKeat Yield of India Third Under Last Year . The government of India has re cently issued a special wheat fore cast for the 1920-21 crop, based on reports received from provinces and states which comprise about 98 per cent of the. total wheat acreage of India, according to the commercial intelligence dartment of India. The total area reported in the spe cial forecast is 24,945,000 acres, com pared with 29,537,000 acres at this time last year, or a decrease of 15 per cent. Compared with the final estimate of .last year, 30,008,000 acres, the present estimate shows a decrease of II per cent. The total yield is now estimated . at 6,778,000 tons, as against 9,774,000 tons esti mated at the corresponding date last year, or a decrease of 31 per cent. The present estimate of yield is 33 per cent below the revised final es timate (10,130,000 tons) of. last year. .The crop has been adversely af fected by drouth and hot winds in most of the important wheat grow' ing tracts, and the, general condition of the crop on the whole may be re garded as only fair. . Canadians Plan to Ship , Wheat ia Panama Canal - The plan to ship Canadian prairie wheat to- Europe via the Panama canal has received much encourage ment from the attention given the arrivel of the S. S. Buenos Aires with 3,000 tons of wheat from Van couver. according to a statement in the London Times Trade Supple ment. . Some exoerts feared that the rapid change from the temperature, of northern lattitudes to that of the tropics and back, again would prove injurious to the wheat.' The success of the venture, however, has 'been sufficient to demonstrate clearly the feasibility of the Vancouver-Pana ma route for grain as far as climatic conditions are concerned. Tliere is at Vancouver a govern ment elevator., with a capacity of 1,250,000 bushels, capable of han dhng 60,000 bushels of gram , an hour. The difficulty of the railways in transporting the grain crop east ward in the short time between har vest and the close of navigation on the great lakes, is increasing yearly, as the area devoted to grain crops becomes larger. Therefore, the ad vantages offered by the western route, where there is ice-free water all the year round, are especially at tractive. America to Ship Pure-Bred Cattle to Northern France One of the means for the rehabili tation oS the devastated sections of northern France is the shipment of pure-bred Holsteifi bulls from Amer ica, reports the American consul at Havre. The first consignment of 83 bulls and one cow, shipped by the Holstein-I" nesian association of America to the French minister for the devastated regions, arrived in Havre on May 12, on board the American steamship Coronado. It is reported that altogether from 750 to 1,000 pure:bred bulls will be shipped to France. Using More Margarine. The margarine consumption, of Belgium has now increased to 5,511,- 500 pounds a month, compared with a prewar consumption of 2,204,600 pounds monthly, according to the London Times Trade Supplement. Dog Hill Paragrafs By George Bingham Ellick Helwanger says the holes at the Rye Straw store are in rat such convenient places for money to roll into, he is beginning to believe they were put there on purpose, . As soon as his microscope arrives Cricket Hicks is going to begin an eihaustiv3 -search for the chicken mite that has been bothering him for the past few days. Frisby Hancock says he would hate awful bad to be a horse if he had to look like the one the Tin Peddler drives, and' the Tin Peddler hearing this remark, replied that if his horse did look like Frisby he would swap him of for a calf. Copyright, 1921, Qoorg Matthew Adami. Jewel, Flower, Color Symbols for Today The pearl, which is today's talis manic gem, is the jewel of youthful ptirity, according to the ancient Ori entals. While its wearer was said to be gifted with extreme charm and to be irresistable to the opposite sex, she is likely to be possessed of a coolness and poise which will nip many an affair in the bud. . Roman mythology assigns the emerald as today's stone. Though" the emerald belongs to Venus, by some queer contradiction it is an enemy . to sentiment. It bestows upon those whose birth anniversary it is extraordinary clarity of vision. White, a symbol of purity, is the color to be used today, according to the ancient mystics. It preserves the harmony of which the pearl and the emerald are the two leading factors. No more appropriate symbol could be imagined than the gardenia, the flower which will exercise its sacred significance on this day. From its cool, chaste petals is lead the proph ecy of pleasure which is ,pure and without motive. (Copyright, 1921, Wheeler Syndicate, Inc.) Red Clover Seed Imports V Increase During June Durinir the week ending June 4, the arrivals of red clover seed trom France were 1,120,000 pounds at New York and 1,045,000 at Balti more, totaling 2,165,000 pounds. Other imports for the same period were: At Baltimore, JJ.UUO pounds of rapeseed from Belgium; at New York, 220,000 pounds of sunflower seed from Argentina. , The Updike Grain Company Operating Urge, up-to-date Terminal Elevators in the Omaha and Milwaukee market, are in a position to handle your ship ments in the hest possible manner 1. e., cleaning, transferring, storing, etc. V'w- MEMBERS ..V Chicago . Board of Trad . Milwaukee Chamber of Com- mere Minneapolis Chamber of Commerce St. Louis Merchants Ex change Kansas City Board of Trade Sioux City Board of Trad Omaha Grain Exchange OMAHA, NEB. LINCOLN, NEB. HASTINGS, NEB. CHICAGO, ILL. SIOUX CITY, IA. OFFICES AT . ,; " HOLDREGE, NEB. GENEVA, NEB. DES MOINES, IA. MILWAUKEE, WIS. HAMBURG, IA. KANSAS', CITY, MO. All of these office, sxeapt Kansas City, aro . connected with sack other by privet win. It will pay you to get in touch with one of oar offices 7. when wanting to BUY or SELL any hind of grain. Wa Solicit Your CONSIGNMENTS OF ALL KINDS OF GRAIN to Omaha, Chicago, Milwaukee, Kansas City and Sioux City Every Car Receives Careful Personal Attention. The Updike Grain Company The Reliable Coneifnment House - Land to be Opened To Homesteaders Ex-Service Men to Have Pref erence in Drawings at Alliance. Alliance, Neb., July 17. (Special.) The United States land office here has received notice that 10 tracts of land, aggregating about 1,100 acres located in Cherry county, 50 miles southeast of here, will be opened for homestead entry on August 22 at 10 a. m. All filings for the land must be at the Alliance land office on that date. The tracts consist of the following respective acreages: 229.76, two of 120 acres each, three of 40 acres each, one of 150, one of 240, one of 76.61 and one of 35.15 acres. Under the provisions of the act of February 24, 1920, honorably dis charged officers, soldiers, sailors or marines who served in the United States army or navy derieg the world war have a preference tight of homestead entry for the parted of 63 days from August 22, 1921. All such applications must be made af ter actually examining the land ap plied for, and executed before the Alliance land office, or clerk of the district court, county' judge or United States commissioner of Cher ry county, and may be filed by mail or otherwise at the Alliance office during the 20 days prior to August 22, 1921, accompanied by a certified copy of discharge and the legal fees for entry. The right of entry in conflicting applications on file at that time will be determined by a drawing. Twenty Cars of Eggs Are Shipped to Boston Approximately . 20 car loads of Chinese eggs reached the Boston market during the early part of this year. When these eggs tirst arrived they were an unsettling lactor on the storageregg market, as they were better than the storage eggs which could be bought at the same price. But after storage eggs had disap peared from the market they were used to suoolv mill towns and other places where cheap eggs were want ed and where they could be disposed of profitably at about 10 cents below the price of eggs produced locally. It was dtthcult tor the ordinary person to' distinguish Chinese eggs from the domestic product. Eggs Rejected Because Of Inferior Case Fillers Several car lot shipments of eggs from the Pacific coast were recent ly rejected because of the use of in ferior fillers, which absorbed mois ture and became soft and weak. In some of these shipments the inferior grade fillers were scattered through out the car. Of the 15 cases inspect ed in one car, one case contained one inferior filler,- another bad two, a third had five all on one side, while a fifth had all . inferior fillers. The rest of the cases contained high grade fillers, which were firm and sound. The quality, of the eggs was not questioned because- of the decline in the market while the shipments were in transit. The buyers refused the eggs solely because the inferior fill ers made it possible for them to re ject' the eggs at the grade specified in the transaction under a technical grading. ' - DuBois Newspaper Man is Appointed Postmaster Dubois, Neb,, July 17. (Special.) Harry Moore, editor of the Dubois Press, has been appointed postmas ter. This place was made open by the resignation of, the former in cumbent a few days ago. American Farm , Bureau Head to ' Visit Nebraska President Howard Will De liver Two Addresses in State Daring Latter Part , Of July. President James R. Howard of tlv. American Farm Bureau federation will deliver two addresses in Ne braska the latter part of July, ac cording to announcement made at Nebraska Farm bureau headquarters. Mr. Howard will speak at the farm bureau picnic in Buffalo county on July 26, and at a similar gathering in Fillmore county on July 27. Those were the only two dates for which the Nebraska Farm bureau was able to secure Mr. Howard at this time, but tentative arrangements have been made to have him deliver one. address at the Nebraska state fair this fall. This is the first opportunity that Nebraska people interested in agri cultural activities have had to hear Mr. Howard, who has sprung into international orominence as the head of the greatest organization of fann ers anywhere, rresident Howard, durig the recent year of uncertainty and reconstruction, has kept in 'close touch with the vital things looking to relief from the conditions that the post-war period has plunged the farmers into, both in the matter of legislation and better organization and co-operation among the farmers themselves. "This will be the greatest opportu nity Nebraskans have had in recent years to learn something of the con dition surrounding agriculturalists and the aims of the greatest farm or ganization in the world looking to a betterment ot their condition, sav statement issued at Nebraska Fain bureau headquarters. Pawnee City Band Quits Saturday Night Concerts Pawnee City. Neb.. July 17. (Spe cial.) Band concerts in Pawnee City will be held on Friday night hereafter instead of Saturday night. This change has been effected be cause of opinions of the business men that Saturday night was not so satisfactory. NEW ISSUE - , - $4,000,000' CONSTANTIN REFINING COMPANY . , ;. - . . J...... . ,. ... v 8 First Mortgage Sinking Fund Gold Bonds Interest payable without deduction for Normal Federal Income Tax up to 2; 4 Mill Tax Refundable in Pennsylvania and Massachusetts. - Dated June 1, 1921. Denomination $1,000. Principal and semi-annual interest June 1 and December 1, i Payable in gold at the office of the Trustee, The Spitzer-Rorick Trust and Savings Bank, ' Toledo, Ohio, and New York City. $500,000 due June 1, 1922 $500,000 due June I, 1924 500,000 due June. 1, 1923 500,000 due June 1, 1925 $2,000,000 due June 1, 1926 ' Callable at 104 and accrued interest at any interest-paying period on and after one year from date on "60 days notice, and at 1 less premium at the end of each year thereafter, -Bonds may be registered as to principal. 1 Total Authorized Issue, $5,000,000 Uncertified and Unissued, $1,000,000, due June 1, 1926 From letter of E. Constantin, Sr., President of the Company, and other official information furnished us, we summarize as follows: BUSINESS: Established in Tulsa in 1912 by E. Constantin, Sr.,. with only a nominal capital, from which there has been earned its present surplus of nearly $13,000,000. The Company does a large and profitable business in refining crude oil and marketing its products in this and foreign countries. Its business is well established and constantly increasing. The Company owns and - operates two larga modern refineries in Oklahoma:. No. 1 at Tulsa, having a daily capacity of 5,000 barrels, and No. 2 at Devol, of 10,000 barrels, and at each refinery owns a large tank farm with steel tanks, enabling the Com pany to carry on hand large stocks of crude oil and manufactured products. It owns its own pipelines and 1,087 modern all-steel tank cars having a capacity of 8,000 and 10,000 gallons each. It owns and con trols through the Constantin Oil and Gas Company valuable oil properties in Oklahoma, Kansas, Arkan sas, Texas and Louisiana which, with contracts for other production, insure the Company an adequate sup ply of crude oil for refining at all times. It owns a"hd controls through the Lindner Oil Company its own gasoline and filling stations for handling its domestic trade, and owns one-third of the Export Oil Cor poration through which it handles its large and very profitable foreign trade. The Constantin Company is, therefore, in the strong position of controlling the production, manufacture, transportation and distri bution of its products direct from oil wells to the ultimate consuming market, both domestic and foreign. MANAGEMENT: The Company has always had an exceptionally able and efficient management, as is demonstrated by its large surplus, all earned, and its high standing in the trade. No change is con templated in the ownership, management and policy of this Company. Its officers are men of integrity and experience: President Constantin, the founder of the business, is also President of the Export Oil Cor poration and of the Franco-American des Petroles Companie of Paris, 'in which the Company is a large stockholder; Vice. President Malloy is "a former President of the Western Petroleum Refiners' Association. PURPOSE: The proceeds of these bonds are being used to pay indebtedness and to largely increase . its working capital. . SECURITY: The present bond issue constitutes the only bonded debt of the Company and is secured . by a FIRST MORTGAGE or DEED OF TRUST, under which is pledged all of its property, real, per sonal and mixed, now owned or hereafter acquired. Its current assets, including tank cars and equity in tank cars (net) amount to over $7,000,000, cr nearly twice the amount of the $4,000,000 bonds to be pres ently, issued, while the total net assets available as security for these bonds are over four times the amount of bonds issued. , . V N SINKING FUND: The Trust Deed provides that the Company shall make a monthly deposit with the Trustee of a sum in cash equal to one-twelfth of the next maturing installment of bonds arid one sixth of. the next maturing coupon on all bonds outstanding. . EARNINGS: Net earnings for the five years 1916 to" 1920, both inclusive, after payment of income taxes and liberal deductions for depreciation, averaged $1,003,438.94; net earnings for 1920 were $1,975,094 after creating reserve for Federal income taxes, liberal deductions for depreciation and also charging off, on December 31st, $1,287,551 to reduce inventory price of crude and fuel oil on hand to anticipated drop in market price, and loss of $57,551.71 on sale of $450,000 Liberty Bonds. The net earnings for the year 1921, based on the earnings for the first four months, before setting aside reserve for Federal taxes, are ' conservatively estimated at $3,195,196.84, or over nine times the interest on the bonds to be issued. The foregoing does not include the very large profit in the recent sale to the Standard Oil Company of one half of the Company's holdings in the Eldorado field. All legal matters pertaining to this issue have been taken under the direction of Messrs. Tracy, Chap man & Welles, Toledo, Ohio, and Messrs. Breckinridge, Bostick & Daniel, Tulsa, Okla. ) ' , Having sold the larger portion ot this issue, we offer the unsold balance of approximately $950,909 PRICE 100 AND INTEREST , ' V . - - - t .... - Spitzeiy Rorick & Co. Established 1871 NEW ENGLAND BUILDING TOPEKA, KAN. v The Rookery Chicago, III. Equitable Building New York City Nicholas Building Toledo, Ohio Th$ sttttments contained J this advertistmtnt vt based n official end other kfomtthn whkk m Consider entirely trustworthy but ore not tvarontted by us. rv 5