THE MORNING OREGONIAN, FRIDAY, JANUARY 7. 1921 5, A NATION-WIDE INSTITUTION 312 STORES- ' - Putting Our House in Order to Meet New Conditions The J. C. PENNEY CO., Operating 312 Department Stores in 27 States; will this morning, FRIDAY, JANUARY 7th, open its doors with Recon struction Prices prevailing Every price in our stores is based upon our replacement price, REGARDLESS OF PREVIOUS COST. T3ELIEVING the time has arrived when revision of prices is war ranted by replacement value having discounted our merchandise thousands of dollars in our inventory just completed we therefore give to the public the full benefit of the loss we sustain. Remember, we have said OUR REPLACEMENT PRICE, which should prove doubly attractive. Buying for 312 stores doing a yearly business of approximately FIFTY MILLION DOLLARS should be sufficient proof that our replacement price is substantially lower than that of our competitors. DO NOT confuse this with the usual mark up and mark dtwn spe cial sale commonly held by other merchants. The J. C. Penney Company never has, nor does it now, believe in special sales. Remem ber, every article will remain as priced until sold or forced by market conditions to change. Many items are limited in quantity, many may prove underpriced hence delay to purchase may result in disappointment. Come ex pecting to find every item in our store bearing its proper reduction. We stake our reputation that you will not be disappointed. MEN'S MADRAS SHIRTS New patterns in good percales and corded madras. It's been many a moon since you saw shirts like these at . . . 98c JERSEY SILK PETTICOATS Beautiful color combinations in all-silk jerseys and taffetas. Most wonderful values in Portland $2.98 OVERALLS AND JUMPERS Men's best quality 2-20 denim Bib Overalls and Jumpers. Union made; no better made $1.19 NEW HATS FOR MEN All the new shapes in black, brown, green and gray. Excellent quality felt. All sizes $1.98 HOPE AND PREMIUM MUSLIN No introduction necessary. You know the quality. Our price is, yard 13c MEN'S WORK SHIRTS A good shirt. Well made from blue ch am bray and khaki cloth; all sizes 59c MEN'S ALL-WOOL OVERCOATS Over 700 mm are wearing tkeie roata la Portland Concrete evidence of their worth. We still have about 60 coats la all alxea $13.50 EXCELLENT BLACK SATEEN 36 inches wide. The quality sateen you want at the price you should pay. Also colors. Per yard 35c MEN'S FLANNEL SHIRfs Light and dark gray in both flat and military col lars.. These are wonderful values $L98i MEN'S SILK AND FD3ER SOX Black, brown and gray. Just such sox as you have often paid a dollar for 43c FANCY OUTING FLANNEL Best quality outings in both fancy and white. quality at 17c yard. Per yard A lighter 19c MEN'S HEAVY MIXED UNION SUITS .onl heavy I n Ion Suits. North Star Mills. IVntaral array color. All sixes. Also genuine Hanes Cotton Cnion Suits at $1.40 $1.49 MEN'S HEAVY CASHMERE SOX Heathers, black and naturals. A wonderful sock at a wonderful price 25c EXCELLENT GINGHAMS Complete new shipment comprising all desirable colors in staple checks. Beautiful plaids at 19c yard. Yard 12c HEAVY KHAKI MECHANICS' SUITS Heaviest weight khaki suits. There are no better garments than these and note the price. All sizes $2.69 MEN'S WOOL-MIX SWEATERS These are medium weight and come in navy, gray and khaki. All sizes $1.89 FULL-SIZE COMFORTERS Filled with clear white cotton and covered with good quality silkoline and challies $2.98 BLACK BEAUTY SATEEN SHIRTS This famous shirt is well known as the standard black sateen work shirt ; triple stitched. Ridiculously low price 89cl CHILDREN'S RIBBED HOSE An excellent hose for boys and girls; medium-weight rib, black only. Sizes 6 to 9 Vi 25c WOMEN'S FD3ER SILK HOSE Black, brown and white. A hose for discerning women. AH sizes 49c WOMEN'S FLANNELETTE GOWNS Well-made, artistically trimmed ; from an excellent quality outing, white and colors $1:19 Huck Towels, 17x34 . 2 for 25 Hotel Napkins a dozen 98 Turkish Towels, large size 2 for 39 Oilcloth, white and fancy.-....., 33 MEN'S LEATHER SLEEVE VESTS Moleskin vests, moleskin lined, leather sleeves. All leather lined at $7.90. Pelt-lined at $10.90. . . $6.90 GENUINE SOO MACKINAWS The best to be had in men's Mackinaws. Genuine Soo Woolen Mills garments. Good patterns $9.90 Startling Shoe Prices! WOMEN'S Black Kid Shoes, military heel $4.98 Black Kid Shoes, military heel $6.90 Brown Kid Shoes, cloth top, Louis heel. . .$5.90 Brown Calf Brogue Oxfords $0.90 Black Kid Oxfords, Louis heel $4.39 Mahogany Kid Oxfords, Louis heel $4.98 Brown Kid Oxfords, military heel $3.98 GROWING GIRLS Chocolate Chrome English Walker, 2'j-7$3.49 Brown Calf English Walker, 2'2 to 7... .$3.98 MEN'S-1 Black Calf, English last, welt $4.98 Brown Calf, English last, welt $4.98 Black Blucher Calf Shoe $3.49 Brown Calf Blucher $4.98 BOYS' Heavy Brown Blucher, 11K to 2 $2.69 Heavy Brown Blucher. 2Vj to 6 $2.98 Black Button Calf, 11! j to 2 $2.98 Black Button Calf, 254 to 6 $3.23 Boys' Brown Calf English, 11" 2 to 2 $3.69 Boys' Brown Calf English, 2(2 to 6 $4.23 Boys' Brown Army Munson, ll'j to 2... 83.69 Boys' Brown Army Munson, 2'j to 6 $4.23 CHILDREN'S Good Shoes, sizes 2 to 5 $1.19 Good Shoes, sizes 5 to 8 $1.49 OUR SHOES ARE ALL LEATHER Qf EXTRAORDINARY! j 2hb Women's 1 -Piece Dresses Serges 5 O Tr icotines A shipment of 50 garments just received. All navy blue serges and tricotines. Beautifully trimmed with silk and wool embroidery and beads. Sizes 14 to 44. See our windows. r 111 FOURTH STREET, Just North of Washington Notions! Bias Fold Tape 8t Rick-Rack Braid 9d Kleinert's Jiffy Baby Pants 43d Shell Hair Pins, box 8& Child's Cub Bear Waists 29d Coates' Sewing Thread 7d Coates' Crochet Cotton (all sizes) 12d Silkene Crochet Cotton (all colors) 10d CorticeDi Sewing Silk 12 c Beautiful Baby Blankets v49 Fleisher's Knitting Worsted (2-ounce) -38d Fleisher's Germantown Zephyr (l-oz.).25d Men's Genuine Paris Garters. ....... 25d Blue Bandana Handkerchiefs. 9c Gem Safety Razors 89d Auto Strop or Gillette Razors $3.98 Auto Strop, Gillette or Gem Blades 39 Pro-phy-lac-tic Tooth Brushes 29& FULL LINE McCALL'S PATTERNS -WE NEVER HOLD A SALE-