THE J.EE: OMAHA. MONDAY. SEPTEMBER 19. 1921.
4
Investors Hit
: By Fall In Price
'Of German Marks
i. ,
Speculator! in Foreign K
: change Lose Millions by
; . Slump In Value of,
X Money.
"1 bl.ese Trlbuas-OmaM IWs La4 Wlr.
New York, . Sept. 1. Tli col
"Jape of the German mark to a point
.tclow I crnf, lor the first time in
tinancial history, hat eaucd lo
' of millions of dollari to American in
' vctton and speculator! in the mark,
j m well at other continental ex
' ihange. '
The exact amount of this !ot w
tlifficnlt to even approximate, for
marks have been sold In this coun-
, try as well at in all other countries,
in every conceivable manner and
through hundred of varied chan-
I tiels.
The suets of one Linker is that no
I lea than $100,000,000 worth of
: marks have been disposed of in the
; United Slates since the armistice and
that the average price paid for these
! marks was approximately 2 1-2
cents. On that basis and at the
present quotation, approximately 60
, cents of every American dollar put
; into marks has been lost.
Cuts Estimate in Half.
! Another banker cuts the estimate
' !n half and says that irrespective of
the professional sales by bankers in
cident to reparations settlements,
about $30,000,000 lias been invested
here in German exchange.
Some of the big banking houses in
the financial district have handled
large amounts of this business since,
the armistice. The books, of one
house alone show transactions which
total more than $10,000,000.
It was not until midsummer, after
the armistice was signed, that quo
tations in the German mark were
resumed. They started at 7 3-4 to
8 cents per mark. .In the mean
while, many bales of the German
currency appeared in the United
States and were sold surreptitiously
- to those of known German sympa
thy. Open "Exchange Stores."
New York appeared to be the
center of this distribution. Small
stores recently sprang up on promi
nent corners, where the paper cur
rency of Germany was sold to the
extent of thousands of marks. "For
eign exchange" stores began dotting
the country as well as the cities. At
one time no less than six were run
ning day and night, on Broadway.
The exchange of other countries
could be purchased, too. .
Peddlers also hawked the paper
marks about the streets, selling from
1 mark up. One enterprising dis
tributor sent a large crew of can
vassers to call from door to door;
Even the part payment system was
p.dopted. Compared to the ..transac
tions handled through banks, it was
but a smalt part of the total, but it
put , thousands of American dollars
into Germany's till and no doubt
aided the country -in amassing tile,
.first reparations payment of 1,000,-
000,000 gold marks, recently dis
charged. ? ; -': ". v'."
jjPawnee Gty Mayor Names
" r Committee to Run Parks
Pawnee City, Neb., Sept. 18.
"(Special.) Frank S. Colwcll, mayor
!!'of Pawnee City, has appointed , a
park committee whose duties it will
'"be to superintendent the beautifying
iTand upkeep of the parks. The re
;!tcnt purchase of the new park,
"which will be turned into a tourists
'I'camp with all modern equipment,
prompted - this , appointment. The
ommittee is: Dr. W. R. Boyer,
:"chairman; AV. D. Hartwell, C. r A.
;;chappel, Airs. . D. E, Wherry and
,'.Mrs. John Raper. - ' . -
- "Helen of the Old House" is the
.'latest novel of Harold Bell Wright
:':jt is a romance with a moral. Many
of the same ingredients of . Mr.
Wright's nine other novels are found
lin his latest work. There is pre-
rented the same point of view which
has made Mr. Wright's work so well
".known.
1 "Helen of the Old House" is a
..t-tory of the industrial life of today.
;l'J;here is little of the love theme in it,
;;ss compared to other novels of the
mme sort. The girl for whom the
.'book is named plays but the part of
; bringing together for Mr. Wright
' the forces he wishes to present. The
'.book is a plea for industrial peace
'.and good will between the capitalist
nd wage earner. The story is an
. extended sermon on the necessity of
co-operation between the conflicting
Wees and the possible means of
.lunion. ' . '
';; Mr. Wright thinks that the workers
;;vho played such an important role
"in America's victory in the great
Avar can be made to see the purt
they ought to 'play in peacetime by
the philanthropic actions ot tne oet
Iter class of employers. These own
ers, spurred by patriotism, the sym-
llthouffhts, will bring back the good
pia cays ot personal reianonsrap e
tween the capitalist and working
Itlasses.' When the workers see
they are treated 'right by the good
hosses they will throw over all their
connections with the more radical
croups in their ranks and join hands
i.with their employers to labor for
the betterment ot America. Jndus
trial war will become a thing of the
past, says Mr. Wright, in effect, as
Soon as "the spirit of 1917" pervades
the entire industrial personnel of the
land.
; The book is published by Apple
iton. .
;And the Sphinx Spoke" by Paul
Eldridge is a collection of stories and
'prose poems by a writer who has
made auite a name for himself among
the circle represented by H.
Jlencken, Benjamin De Cagseres,
etc Written from a pessimistic
.snood and representing intellectual
agnosticism, these stories are excel
lent specimens of their type. lhc
Stratford Co,., (Boston), publish the
took. ... ,
Children Throw $2JS0O,
Savings of Father In
Fire to See Them Burn
tV( Trit he Hh Leased Wlrs.
Kenosha, Wis. Sept. 18. Finding
their father's saving all tied up in
a red handkerchief in M "mattress
bank' at thrir home, three little chil
dren ol Alex Nedwccky, the oldest
one 5 vrars of gc played a while
with the $500 worth of green
hacks and then threw them in the
stove to "see them burn." The
mother, who had been to a store, re
turned jut in time to see the last
of the bills go tip in smoke. She
burned her arms and hand trying
to pull the bills out of the fire, but
could only rescue a medicine glass
full of tubes and charred corners
of the bills.
Nedwccky feared banks. He w
planning to purchase a farm with
the savings and had practialtv clos
ed the deal when he went home to
find that the "babies had burned up
his money."
Mrs. Caruso to Remain
In Italy Six Months
New York. Sept. 18. Mr?. F.nrico
Caruso, with her daughter, Gloria,
will remain in Italy for another six
months, due to delay in completing
the inventory of her husbands Ital
ian estate. She has left Naples aii'J
gone to Home, where she ha taken
up her residence at the Grand hotel.
Mrs. Caruso is understood to have
expected a complete inventory by
November, when she intended to re
turn to this country to take up the
American end of the appraisal. A
message received by members of her
family in New York stated that she
had been advised to remain, i:i Italy
until completion. of the inventory there
and so had changed her. plans.. The
inventory is expected to require until
next March or April, when she will
at once start for home.
.
Fremont and Grand Inland '
Kiwanians to Play Ball
Fremont, Neb.. Sept. 13. (Spe
cial.) Fremont " Kiwanis ball 'dub
will journey to Lincoln next Friday
to cross bats with the Grand Island
base ball club as guests of the Lin
coln organization. The Lincoln
branch of the Y. W. C. A. will have
charge of the sale of tickets and. will
receive 25 per cent of the gate re
ceipts. The .remaining '75 per, cent
will go to the winning team, to be
donated to a Camp Fire organization
of their own choice. The Fremont
Kiwanians recently walloped the Ro
tary nine in a lopsided game that
gave all the honors to the Kiwanians.
County Attorney J. C. Cook, an old-
time base ball player and southpaw,
is the star twiner for. the Kiwanians
and he will orobablv wOrh in the
box at Lincoln 'against JGrand Island.
' Wives making income returns sep
arate from their husbands in 1919.
numbered 58,534. '
HOW TO REMOVE
SKIN BLEMISHES
There's no better '. way of quickly
removing unsightly .' skin blemishes
and keeping the face, hand, neck or
arms clear, soft and youthful than
by the -use of Black and White Beau
ty Bleach and Black and White Soap.
Black and White Beauty Bleach re
moves the embarrassing skin blem
ishes lightens and softens the skin.
It is a delightful, flesh-tinted cream,
exquisitely perfumed which can be
applied before retiring or during the
day. Can be used before makeup
With face powder or rouge.
Black and White Soap is an Ideal ,
cleanser. Will aid In removing blem
ishes and keep the complexion In
Ideal condition.
All drug and department stores
Sell Black and White Beauty Bleach.
Black and White Soap, Cold, Vanish
ing. Cleansing and Dental Creams, as
also Face and Talcum Powders pop
ularly priced at 60c and 55c the pack
age. Clip and mail this advertise
ment to Black and White, Box 1507,
Memphis. Tenn., for free literature
of. Beauty Bleach and samples of.
face and Talcum Powders
adtertiskJ:nt
Curious About
Mentho Laxene
FIRST DOSE PROVES IT
Ventbo-Laxeus hat been en tha market
10 years. It ii a concentrated compound
ot healing, soothing, curative extracts to
be mixed at home with granulated sugar
yrup a full pint or It may be taken HI
doses or ten drops In the "raw" state by
those who, do not like sweet syrup.
The very first dose brings wonderful
relief in head or cHest colds of children
or adults. Kvery bottle sold is guaran
teed to please or money back by The
Blackburn Products Co., Dayton, Ohio.
It Is economy to make a full pint. Much
cheaper than buying ready-made cough or
cold remedies besides, you cannot buy a
more efefcttve medicine anywhere. One
bottle will last a seseon for most families,
and it checks or aborts a bad cold if taken
promptly, and for - cough, sore . throat,
hoarseness, whooping cough, bronchitis,
etc., there Is nothing superior. Kvery
well stocked druggist supplies Mentho
Laxene. Pon't take a substitute for your
sake. Remember that 4.809 barrels vrere
used last year. That proves its virtue!
Money bstk wrtkowt iiesUoa
If HUNTS OU ASANT11D
SKUs DfgBASS RSSUUIBB,
(Hart's Salve and Soap).ll to j
et tnatmmfc tt Itch, fessesaa.
WaararBB.TsttarorerMries)- I
last sMa dinssss Try this '
tioatust sr. of riak.
Skersua McCsmbcII S Drug Stores
mi i
and Say It With OURS
Hess & Swoboda
FLORISTS
HIS Farnam St., Psitoo Hotel,
OMAHA
Phone DOuglas 1501
Members Florets' Telegraph Delivery
Association. We deliver flowers on
short notice anywhere In the U. 8.
-r Canada.
Offices
Display
MOTOR
TRUCKS v
e)BSBBBSSSSSBSSB9BKS
City Sales Room 816 S. 24th St.
Service Station 815 S. 25th St.
TELEPHONE AT LANTIC 3332
International
Harvester Company
of America '
Branch House 714 S. 10th Stj,
Omaha, Neb.
Ford TranisFer
and
Storage Co.
813 Douflas St., 1102 5. Main,
Omaha Council Bluffs
Prompt Service ?
' Reasonable 'Rates '" i
(HiiuwanuG
5i HI
Omaha Lace Laundry " ;
EXCLUSIVE CLEANERS
Curtains, Panel,; Cretonnes, '
Lace and Austrian Shades
4716 Cuming St. Tel. Walnut 1351
We Rebuild and Repair All Kinds
of Timepieces and Jewelry
Guarantee to make it as1 Rood as new.
Eyes examined, glasses fitted. Gradu
ated and state Certified Optometrist.
J. C. Grasborg & Son
Watchmakers, Jewelers and Opticians
504 Electric Bldg., 15th and Farnam
TRY US FOR
French Pastry rFancy Cakes
KUENNE'S
Bakery, Delicatessen and
Lunch Room
504 South 16th St.
2918 Leavenworth St.
T
Stationery That Satisfies
School Supplies
Omaha Stationery Co. "
307-30 South 17th Street
Phone JAckson OaOS
ii-r- sTr-tH-rJ
WWW
WRECKED CARS
REBUILT
Fender, Top, Body Work
Repairing of All Kinds
NIGHT AND DAY
Western Motor
Car Company
Farnam at Blvd. HA rssy 0868
Reliable Service
A specialty on Auto Tops, Winter
! Curtains and tailored Seat Covers,
Engdahl's Auto Top Co.
Douglas 5677
1711 Cass St.
-TERMINAL. WAREHOUSE
lOVtsfONKS ftTtlff
OMAHA
WAREHOUSE
SPACE
Available for Long or
Short Terms
Space
Storage
Ladies' Plush Sailors and Velour
Hats Cleaned and Reblocked '
RAMSER
215 South 14th Street
CADILLAC
A Permanent
Value
"Always Onward"
J. H. Hansen
Cadillac Go.
Omaha
Lincoln
NOVELTIES in
Pleating Buttons
Hemstitching
Embroidering
Braiding Beading
Button Holes
Ideal Button & Pleating
Company
300-308 Brown Bldg., 16th and Douglaa
Opposite Brandeit Stores ,
Phone Doug. 1936 Omaha
900 separate fireproof, mouse
proof, dustles rooms for
furniture. ,
Come and See for Yourself
Motor Vans for Removals ,
Bekins Omaha
Van and Storage
806 S. 16th St. Douglas 4163
Paxton-Mitchell Co.
27th and Martha Sta. - Harney 1662
Manufacturers of
Brass, Bronza and Aluminum Castings
Standard Siie Cast Iron Bushings
in Stock
Closing Out
THEIR ENTIRE STOCK
Paints Millwork
Lumber
At Rock-Bottom Prices
New Is Your Time to Get Busy ,
C. Hafer Lumber Co.
13S W. Braadway ' Ceuncil Bluffs
QKDG)
1 4
r
Better Business Outlook
Week by week the trade situation is growing better.
The market situation as a whole is upon a more substan
tial footing than at any time for months past. This is
the opinion expressed in the financial review of Henry
Clews & Co. This Wall street banking house has sent
out a report discussing the factors at' work, reading as
follows: '
"President Harding's review of the work of congress
and his statement of the plans of the adminstralion with
respect to pending legislation once more furnishes evi
dence of the effort that is being made by the govern
ment now in power to improve business conditions by
every feasible means. Coincident with this attitude on
the part of the Washington authorities has been a very
distinct turn for the better. Improved prospects in many
branches of industry and a more hopeful tone with re
spect to conditions in general are laying the foundation
for progress during the autumn season.
Stabilizing Prices
'.'One of the best evidences of the turn toward a more
stable condition of affairs is seen in the fact that prices
have evidently been approaching a more f iXcJ. condi
tion. The commercial indexes for the month 'of August
vnow show that a slight average advance has taken place
during that period. This advance is still less than a
point, but is significant for what it indicates. There
will still be adjustments to be made in some branches
of business where the level has not accommodated itself
to general conditions. On the average, however, the
current price level has evidently touched bottom on this
movement a fact which should give much greater as
surance in the making of forward purchases. In some
lines goods have already been distinctly advanced where
the low level previously reached was manifestly out of
harmony with costs. Elsewhere, accumulated stocks of
various products must probably be disposed of before
there can be any permanent change for the better. "
Liquidation of Credit
"Authorities now generally agree that the liquida
tion of credit is well toward its last stages. Recession in
the portfolios of Federal Reserve and member banks is
apparently slowing down. In the southern and western
districts, where there has been a large body of frozen
loans, the process of settling obligations to the banks is
now going forward with greater rapidity, due -to the
steady marketing of the current crops and the disposal,
of old holdings at prices that are decidedly better than
those which have prevailed for some time past. This is
conspicuously true for the cotton region, where the un
expectedly low output has clearly established a perma
nently better selling price for the staple, even though
the extreme quotatiOns.consequent upon the announce-"
ment of the government's estimate may not be sus
tained,' as the experience of the past week has shown.
The influx of gold continues to add to the technical
strength of the banking system, and as long as it con- ,
tinues seems likely to insure a maintenance of rates no
higher than those now in: force. Bill holdings of the
reserve banks increased to about $1,553, 000,000, or
about $26,000,000 above last week's report. With loans
of member banks greatly reduced, conditions are favor
able for a decided loosening of credit during the autumn
-and this is clearly just beginning. Secretary .Mellon
shows his belief in the better credit outlook by his offer
of $600,000,000 in new certificates of indebtedness and
notes at a rate 14 of 1 per cent below that fixed on the
last corresponding issue.
"The various foreign maturities falling due here dur
ing the autumn and the necessity of providing dollars
with which, to pay for goods shipped to continental
countries, however, necessarily work against any early
improvement of exchange quotations pending the jre
establishment of a better balance between imports and
exports. Worse financial conditions in Germany are
against the, quotation of the mark, ; which ' is' under
one cent.. , .,- ' -. , '' ;
Railroads and Industrials
"All the evidence that comes to hand is in favor of
continuous improvement of railroad earnings. Presi
dent Harding's assurance in his statement of September
7 that the railroad funding bill will be adopted at an
early date after the reassembling of congress tends ma
terially to help the credit; 'situation as affecting the
, various lines. This has been reflected in better values
for the rails during the past week. The suggestion to
sell some $380,000,000 of car trust certificates bearing
6 per cent has not been altogether favorably received,
there being a decided belief that the securities are not
entitled to the low rate suggested. Difference of stand
ing between the certificates of the several roads is like-'
wise to be expected. In traction securities generally the
situation is distinctly more : encouraging, due to the
readjustment, of costs which has been in progress
throughout the country and which gives assurance that
the sound lines will be able to-re-establish a balance in
their budgets. This better outlook is also indicated by
;the improved values of bonds-issued by public utilities
in general. Better conditions in pig iron production re
flect a stronger condition in the steel market. Buying
of steel on behalf of the railroads is apparently begin
ning -It can now be stated without fear of contradic
tion that liquidation has run its course; that plenty of
money is obtainable on fair. terms, and that the trade
situation is undergoing improvement week by week."
McKenney-Dentists
14th and Farnam Street
- JA ckson 2872
G. A. Steinheimer Co.
Contracting Painters
URFACE
AVi nc
OF
QUALITY
"Jarl't National Brand
Solid Copper Oil Cant"
All solder on the ouui.le of the tsn
with a l-lneh serew csp. Airtight, uon.
explosive and fireproof Prices i 4-rsl.,
S.00: !.. 111.00; d !.. 111.00;
tO-s-sl.. $1 00; lft-esl.. ttl.00; 2S-kal..
186.00; 60-gal.. 161.00.
Special Attention Clvea to Mall Orders
CHARLES JARL
& Company
1703 Leavenworth Street
ETHEL THRALL
CHIROPRACTOR
PALMER SCHOOL GRADUATE
Second Floor Elks Bldf.
1303 Douglas Street
8,000 Homes in Omaha and
Council Bluffs Ars Covered
With Our
Ready Roofing
THERE IS A REASON
Call us and let us explain. All work
guaranteed. Easy terms. '
Northwest Ready
Roofing Co.
L. Riefenberg, Mgr.
HA rney 2574 ' 3122 Loaveawarut
i ' i
Thirty years of experi
ence in repairing and re
building all kinds of ma
chinery has plsced us in a
position to do your work
right. We do all kinds of
automobile repairing and
it is done right the first
time.
PilELCHIORS&SW
4l?aB&Sr,OrtAHA.NE&.
ME
Use Western Bond Paper
For Your Offict Stationery
Wholesale Distributors
Carpenter Paper Co.
OMAHA
Welding ' Cutting
I Reinforced Brazing
General Welding Works
"WE DO IT RIGHT"
We Specialise in Automobile Welding
1508 Webster St. AT. 4459
RESTAURANTS
There's one near you. Highest quality
foods, with quick service.
Puritan Automotive
.Department ,
Automobile Cylinder Grinding
New Pistons and Rings snd
Wrist Pins
Crankshafts Trued Up
. High Class Workmanship. .,
- No Better Equipment
Puritan Mfg. & Supply Go.
Atlantic 3783 - Omaha 1614 Isard St.
Nettf Pressed
Hog Trough
Sanitary
Solderless
Seamless
Mid. by
Nebraska it Iowa Steel Tank Co.
Omaha, Neb.
.1 : :) .
H , Experience . K
9HI
il
That "Alligator" Finish
Is your car covered with little erlss
erois lines where the varnish has
cracked? Our pslniers will correct .hst.
PFE1FFER
2525 Leavenworth Street
Est. 1S8S
MALTBY, D. C.
JA ckson 3072
JldNS
WITH A
PERSONALITY
Phono AT. 4683.
92 S2ASCGB
O. L. Wiemer
Well Paper, Paints, Glsss,
Painting snd Decorating
1708 Cuming St. - Omaha, Neb.
Phone OO uglas 8753
THE
Bee
'" CIEAMERS AND OVERS
Main Olllc. and Plant I94I-4S Vlntes St.
JA skies 1440
Flowers for Ak-Sar-Ben
SEE
JOHN H. BATH
"The Caret id Florist
' 1804 Fanvam Street '
OP NEBRASKA
12th and Farnam Sts.
OMAHA
Modem Policies,
Carrying l
Full Protection
E. M. SEARLE, JR., Prea.
FALL RENOVATING
of
PILLOWS AND BEDDING
Feathers steam renovated and - hot
air dried. All your own feathers back
when we renovate.
OMAHA PILLOW CO.
1907 Cuming St. . Jackson 2487
Sherman & McConnell
Drug Co.
All the Drugs snd Toilet Articles for
all the people all the time. 5 Good
Drug Stores in Omaha.
We Furnish Clean Linen
FRONTIER TOWEL SUPPLY
J. M. JENSEN, Prop,
rhone Doug. 6291 1819 California
Send Your Clothes to Be Cleaned
DRESHER BROTHERS
Dyers, Cleaners. Hatters, Fur
riers. Tailors and Rug Cleaners
2217 Farnam Su Omaha
We Pay Return Charges e
Out-of-Town Orders
Alexander Munroe
Sheet Metal and
Furnace Works
17 IS Cats St. Phoa JA. 406S
All American Chemical Co.
Chemical Manufacturers
and Jobbers
Phone Doug. 4S64. 1208-10 S. 18th St
We anaha and manufacture anything.
Give Us a Call
-
r.