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About The Eugene guard. (Eugene, Or.) 1924-1930 | View Entire Issue (Jan. 1, 1925)
Thursday Evening, January 1, 1925 THE EUGENE GUARD Tage Five REMOVAL ALE. Of Women's And Misses' Coats and Dresses 14 to V2 Less Individual and style-worthy coats and dresses are mark ed at less than January prices. They are garments that represent the utmost in fashionable lines, fine furs and exceptional work manship. Every garment materially reduced. LARGE'S 865 Willamette 1925 Holds High Hopes I : ., - " Industrial and Financial Leaders of Nation Express Views On Outlook; Cheerful Note Dominates j$h 3TYXE3 THAT LEAD i t rORTLAXD, Ore., Jan. 1. The jt year just closed has been a period of jt in uiuvvmuiir. uuu lue iil-w yvixi u:ii with promise of prosperity, in the opinion of many represer.ta'ive Port land bankers, manufacturer. and snip pers of Oregon products, quoted to day by the Portland Telegram. "Optimism prevails among business men generally," say the newspaper. "They cite that sentiment is of the kind preceding periods of prosperity. Confidence in the future is essential to rapid industrial and commercial 'progress and this element is not lack- A. L. Mill, president of the First National hnnk of Portland pointed to Mi exceptionally satisfactory outlook Red Pepper Ends Rheumatic Pain In Few Minutes "When you are Buffering with rheu matism bo you ran hardly get around just try lied Pepper Kul and you will have the quickest relief known. Nothing has such concentrated, penetrating bent as red peppers. In stant relief, .lust as soon as you apply Ited Pepper Hub you feel the tingling heat. In three minutes it wanna the sore spot through nnd through. Frees the blood circulation hrcakn up the congestion and the old rheumatism torture is gone. Howies Red Pepper Hub, made from red peppers, costs little nt any drug More. Get a jar nt once. 1'se it for lumbago, neuritis, backache, stiff neck, sore muscles, colds in chest. Almost instant relief awaits you. He Pure to get the genuine, with the name Howies on each pack-ge. for the lumber industry ami the im proving position of farmers, wool pro ducers, fruit growers and producers of other commodities in Oregon and adjacent states as a reason for believ ing that prosperous times are reap pearing. Even the livestock industry is beginning to recover, he believes. The lumber industry of Oregon and Washington will forge ahead more prosperously in the spring, believes K. C. Knupp, president of the Penin sula National bank, who returned to Portland recently from an extended tour of the middle western, southern and eastern states. Ho studied the lumber markets and reaches the con clusion that demand for the forest products of the Pacific Northwest throughout 1015 wilt be exceptionally strong and that prices wiH be profit able for producers. San Francisco's New Year Marred By Two Deaths SAX FltAXClSCO, Jim. 1. Trag edy cross-cut the w.tle swuih of .w Year's eve merry-making in at cast three iustanccs in Sim i 'ranclsio last night, two deaths, one possibly a minder, and one perhaps falal mishap forming the foil to the night's up roarons hovel. JluddleU in a heap, with his skull fractured, the body of an unidentified man, well dressed and genteel ap pearing was found on a sidewalk in n residence district tod.iy. No valuables were found in the clothing and the hat was mlBsing. A late reluming reveler, waylaid and murdered by robbers was the police version. John Olson, an iron -worker, was slruck and killed by a speeding auio mobile that did not stop. Another car I hat did not stop long tnough In lake i toll of the damage it had done, siimsii jed into ta.vicab in which Miss Ituih Raymond, -0, was riding. Wie wok ! taken to the hospital with ii fractured skull and is not expected to live. There were 'numerous other acci dents, auto and otherwise, but no fur iher serious mishaps were reported. KiJUKNE coi.i.rrrrioN ackncy, T74 WJLU ST. PHONE GOU a Golden (Hint Sham;ioo. I'd. Ad. Marcel and Curl last longer afier a Insure with IlonryTrnnip, It.", V. !lth You'll Do Yourself A Good Turn by taking advantage of our overcoat specials. The greatest values of the year are here for a few days. $22.50, $32.50, $42.50 Wade Bros. Home of Hurt Schat'l'mr & Marx Clothes J!! NEW YOl IK. Jan. 1. OP) High hopes for PJ-j, in suiue casts mountiug to conviction that it may prove the greatest year iu the history of American business, are held by various leaders in basic industrial aud financial activities here. Forecasts for the new year ex pressed by these executives agree up on the seeming certainty of a sub stantial prosperity. They appear fur ther to agree for the most part that the outcome of the last presidential election and the favuruble working out of the Diwes plau should prove major contributing factors. Iney also bank heavily upon llio fortunate coin cidence of great-purchasing and great producing power at home aud upon tho promise of a wholesome recovery aud expansion iu markets overseas. Mr. Gary Cheerful. Elbert 11. limy, chairman of the board of directors ut the United States tit eel corporation, expresses as follows his coutidcucc in tuo com ing 12 moutlia; If the policies of the present ad ministration Mini I continue iu tunc md practice, aud the American con gress iu reasonably' disposed to co operate with the president, aud the business interests of tins country wilt hkewiso be disposed to support the administration hi iis efforts to afsist the business uf the country, 'be year VMo should thuw the bighot ind most satisfactory prosperity in the whole history of tho tmted States." The business of the manufacturers of the iron and steel industry of the United .States during the year 1VKM, up to the date of election, was rath er dull and depressed, Mr. Gary de clared. Good at Beginning "It was good at the begiuuing," he said, "but with the commencement of March materially receded in vol ume. Commencing with June the vol ume gradually increased, but the sell ins prices were lower. Consequently, with some exceptions the profits of the iron and steel business for the first 11 months of the year, on the average, were small, and iu many cases there were losses. As shown by the published reports the Steel corporation was an exception and ob tained considerable net profits, though they were small, considering the cap ital investment. 'However, as predicted by some of us, the election of the republican na tional candidates has hud a marked effect upon the steel industry. Almost immediately after our election the demand in this country began to show improvement in volume, and this con dition to some extent had a favorable influence on some foreign countries. At present the demand for the iron and steel products manufactured in the United States is large, persistent and satisfactory. "The New Year will probably com mence with ull of the manufacturing plants operating at full capacity. Also selling prices have advanced to ft con sidcrable extent nnd should afford reasonable profits sufficient to con tinue the wage rates at the present standard. These were not reduced during the depression, notwithstand ing they were not justified by the results of business." Railroads Hopeful American railroads enter upon the new year with a hope that the trans portation act will be so administered as to accomplish what it was designed to do, i. c., by efficient management already attained to earn the statu tory income, which has never, yet been done. Julius Krutischnilt, chairman of the executive committee of the South ern. Pacific company, thus summed up the condition upon which the carriers depended to continue their accom plishment of lOlM; a Knowing whit h iuilfcclf was a climax to what they had done since JSHIU. lie summarized as their performance in the past four year period: "1. Reduced operating expense $4..V2,(H1U daily iu atiimner of l'JL'4 below those at end of government eon t rol nnd guaranty in J'J'JO; collected s.Ylii'.unii, rs in freight bills; paid .fll'ii.tmo more in taxes. The pay ments hy the puldic in freight b.lls plus the tines .olli-cted by the pub lic exceeded l be reduction in expen ses by $.'JSI.RMJ every day. "J. Movi'd the greatest freight trill fie in IHLM-in their liiMitry, w.ih oiit car shurln;:e or congest .on. Chanced the public, attitude frin one of hoai dily to one of friendly cooperation, nun h contrib uted viially to the record of Ht'Jo. "4. lv'i.'ililishcd (idvisor.v boards of 1 .shippers, cuopi'iiit ng uitli niiltoau officers, who settle mutters uf nut- ; tinil (oucein Iffon: friction ov irn'a ; lieu him ari.-e. i l!ed'ied loss tun) d;im:ige pay- nirtils to ficijihl fL'MMtOO per thi. j "t. In ten yearn ended uilh l.'M j reduced fat ililies lo perr-oitK i a hit in and train service iiee dems 'M per cent and injuries '" pel ft nt. Trim- ' polling !).Sf'.4Hiii.nfH priest' oxers with i but MS finalities is tin- be.it on n-c I .ml. "7.' SiiTed JiJs.llM.tJOM hy nine : fff'eirnt ue of fuel, . j "X. Paid $Hi,iHin.nno ( hk1i , dividend lo owners iu V,C' and 111-, j irtHUMHt more tns 1 hi: ii ten yosrs he j for. ) "U. Spent mibfnninly C'.ntfi.iiH). J mm on addition" nnd I!tfrmenU in j flip four earn rndrd in I'd. si- though their income 17. Milt, thiin ioiiKre9 iulendrd it (theuid br 10. i'mrift niue tf nth of a ton, j T ! pound, jiii virnp tlin'mn-e i of one ni It for ope .-c-it in iij;.'' 1 Views Outlook. Mr. KruiUt hnilt. -oiiig what l;y ; itheHtl of the railroHdii. raid: "At tlir 1 end of the war the public pronounced 1 pinitliHtteally scain-'t go-eninjent nnd in fnvor of prhaie ownef-fhip of rutl- j nind-5. Iu iln rHiiportatioti act it de- 1 ten-lined to ffcure: j "1. Aileijiiflie trsiuMortation faeili- tie to keep with the growth -f ' ih count ry through the agency of privately operated railroads by pre- Tiliing mtes t'ist would secure a j VailroiK income miff irnt to raise i capiial for nefdrd facilities. "-. freedom frr.ni interrup'tn of j f r&n'poriatioti lT creating a tr tunal i t-i (iet'le rontroTerif with labo, , on' It h it n -taineil the balance uf i power, i "h--nie" Mr. Krittf hni't com in- j ued, "the act h.y never beta allow-j ed to function freely, neither aim has been attained." 1 No new laws should defer a reas 1 ouably perntancut adjustment of the interests of the public, the railroad owners aud labor, according to Mr. Kruttschuitt. Tublic control over la bor controversies should not be re laxed but rather should be tightened until all railroad servants realized that "any disloyal act anywhere, or at any time, will be met with such condemnation as will make its success impossible." Noar Returning Prosperity. are nearer the high road uf returning prosperity," said Walter C Teagle, president of the Standard Oil company uf New Jersey, and we frankly admit that most of our trou bles are of our own mnking." "That we are iu varying degree re sponsible, the larger companies, in cluding the one 1 represent perhaps in greater proportionate degreethat none of us is able to say '1 told you so,1 and that of us all the producer of crude is perhaps the least to blame." Ho 'expressed solicitude iu Hie light of experience in what be said was a distinct overproduc tion iu the oil industry, lie called tho disposition of. 3;(0,O0O,U..'O barrels of crude oil aud its products now in storage iu the l uited States a press ing pioblem. This overproduction, Mr. Teagle .said, was m part due to these vast stores of oil themselves which nad Oeeu accumulated at higher 'than prcs tnt pr.ces, aud. iu bting undersold by current production, had failed to sta bilise tbe market. In part it was cue also to the fact that gasoline was producing move power per gallon through improved production science. 'lheu, a considerable portion uf the requirements of gasoline were being supplied by sources other thau straighl-ruu gasoline, sUch us casiug hend ga.sol.ne cracked gasoline. The influx into the oil industry of war millionaires had boosted production from l,lSti,00U barrchi in 101S to 2, UoU.OOO barrels in UVJo. Filially, mod ern transportation had brought pro duction to the doors of the great re fineries, isolation of any great pro ducing field was now made impos sible. Mr. Knox Speaks '"The people of tho United States have seldom if ever been presented with a greater promise of prosperity than today if many of the current business analysis and forecasts are to be taken seriously," said William K. Knox, president of the American Bankers' association. ""There are several main factors," Mr. Knox pursued, "to which this fa vorable outlook is attributed. One is the fact that we have won political peace, with an administration that guarantees economic sanity so fnr as the national government is concerned. Another is that our banking and mon- tary situution was never in a better position to serve expanding business. Industrially also tbe country has ample plant capacity equipped with modem and efficient machinery. Con ditions in employment and wages are such as to Insure large buying power from the general public, in agricul ture the position of the farmer linn been improved by splendid crops and good prices. Financial conditions in foreign countries, whose purchases are required to take up the slack of surplus production of this country, promise better foreign markets. "Granting that this optimism is soundly based it may be pointed out that there is one other factor as im portant as any of the foregoing if wc are to have an era of prosperity that will continue for any length of time. This factor is the mental attitude of our people and the consequent use they make of the opportunity of prosperity that is presented. Many a good team has lost its game through over-confidence and prosperity in sometimes impaired by optimism. In llio present situation the more cau tious fear that, there in danger of nn era of inflation developing with busi ness acinity because of our great supply of gold. Iut the mere fact that the ine;ir,H are at baud does not nee earily imply that our bushier men see going lo rutdi headlong into era of over-trnd.ng anil our bankers into a period of undue credit exptin Von. If hiiiim-ftR men and hankers continue, to ue good judzment, cx- pjindinjr their operations only n the di'intiiid of the public calls for linio-ion, I bus iiih ntfliuing pipiilibrimo oetv.een production ami consumption, p need b'ivi no fear of mi em nf in flittiou. Tiic longer this attitutb U taken on the whole, will be de.elop-' cd on that foundation, with profit a well maintained.1' The ilk industry, according to II. It. Mull.iisou, president of 11, 1!. Mul linsuu tV Company, Inc., ends V.l'Jt with unlU running at c:ipa-!ty and, iu nome instance, in day and night shifts. The business ttccordiugly U get - ; ting off to a flymg start for V.rj.", with the puss Utilities for prof il able , -. - 1 piogrem in the year ahead as grrnt t maintained, the longer should the lts ,'u liisol'.v llU!i L'v(11" recorded, he- period of prosperity continue.'' ..!!,, ,, ,, Copper Outlook lioou J ' u cuou, .u.. .huuui- The outlook for the cot per indii. j s"" UU llT '.,r"Trt "f "Tld 1 try was deemed "most ciicoiiraging" inui icgiamuou nascu on mis- P If I. .U.v.v ,....-: .1.,., I...M, f, J""!"""1 Jor-Miir u a Ml M . u- i the Calumet. - lleda Consolidated Copper company and of the Copper . and Brass ltrtearch association. I te sow no indiration of abnteuteut in tbe j domestic demand, and said tbe sitna- j lion abroad was "steadily improving " "The domestic consumption in' llt'JIl,'' Mr. Agassis said, "was tbe t largest in the-history of the industry; nearly one and one-hulf billion pounds. I This year's comumption has been g- ; mg at even a higher rate. In spite f the fact that production has' inoreas- j ed very materially, the total stuck ; of available copper has decreased ' considerably since January 1 last j i lift an era of coin in icd and stabilized success. ' Mr. .MitHinson stressed that this condition gained imporatnee because i lie American textile business as a whole had mnde such 'strides (hat "it may be as safety relied upon as steel hh lie- barometer of business condi tions in general.'1 The poaitiou of silk itself as a basic index, in hi.t opinion, was measured in part by llio fact thut tbe t'uited States consumeil from 7.'i to 80 per tent of the world output of raw silk, and n- lie cause- it nmnsifactured more silk textiles than all the other of tho world combined.' Make This New Year's Resolution to have more clothes at less cost How is it pdssihlt1? .Hy mciiiiH of llio JV'ltor, a voinli.Tt'iil (li'i'ssiniikiii gunl" inclufU'il witli I'.ul . d-rick pal torus that shows you how to nuiko lioaii t i ln I clothes us a professional J'aris lrcssniakcr would do it. The January styles are now on sale at our BUTTERICK PATTEFlN COUNTER jtBjnr.Mipi.inrja,T:.ia-aKar1' owing ti) Ihc lurge rt'fincry deliver-I iCK." i Ci-per iMrts in 1!LM now cloning gUj(; AgUinSt Lline .Mr. Apnsyii! exported. 'J'liia would lie ft -o per rent gain ovpr tlie nnnual figures of the Inst three-pre-wnr .veins, and would be aivomplished despite Uermimy buying only two thirds as muelt as heforo the war. "With world production and oon snnipliou o( copier riluninK pretty close together at the present time," said Mr. Agassi, "anil increased pro duc'n on any very large scale un likoly, the outlook lor the future has verv encouraging aspects." Publio Utilities Bright. Tublie titilitiea, according to Henry Itoherty. banker, share in a gen eral business outlook for IH'-'.j the country over which he regards as the most promising be has apen in -t yeara. The public service industry, in his opinion, faces the new year wmi such advantages as the development of group in preference to local own- ersbip; the unproved calibre ami per sonnel of regulatory commissions; and the steady advance in nearly all branches of public utility practice. j "Local ownership and management i Mr. 1 (oliorty said, "has been almost ; entirely superseded by group owner- ; hip as represented by lue modern : holding company." Such centralized , organization, Uo said, could maintain an extensive stuff for the operation of properties which a local company ould not afford. Its securities iounu favor because tbey insured an invest or against currying all his eggs in one basket. Improved practice bad lowered the cost of electric power despite tbe mountiug price of labor and fuel. -Mr. Doherty expected tuis to encourage tbe further utilization of power, par ticularly wherever it could reduce labor cost. The increasing ability of powei companies, being reguinicu monopo lies, to work together without in fringement of nuti-trst legislation. Mr. Doberty believed, nad incrcaseu the efficiency aud economy of the ser vice they rendered to the public. He said it promised even more tor jj-o. Automotive uuiiook rum The automotive industry "should enter liKB with the greatest confi dence," in the belief of Alfred 1'. Sloan, Jr., president of the General Motors Corporation, "prosperity of the former and tho wage earner, nc sniH. "add greatly to the prosperity j of the industry. Conditions, both ceo- nomic and psychological, are such that ; the purchaaing power of both should ; equal or be greater than 1921. This j insures a good volume of business. A. i. irencrnlly known, liKM was the largest year in our history. This year sales to consumers hsvc been slightlv less than last year. I sec no reason why lll-'.l. using the same measure, should not be equal to J0..1." Progress wis made hy the indus try in tbe direction of stability dur ing the year just closiug, according to Mr. Sloan. His own corporation would start 1025 with its dealers' stocks at a normal level in relatiou to current consumers' demand. It had sacrificed profits in I'.I'.M lo accomplish this purpose, but believed it was sound business, the carrying of unreason able storks in the field being but an economic loss fur which the consumer evenlunlle hod lo pay. Waste Elimination The tremendous increases in pro duction. Mr. Sloan said, which the in dustry hnd enjoyed during its devel opment stage "me certainly not. go ing to continue nt anywhere near the same pare. The problem now is lo eliminate all pnahible waMc. in nianu farture anrl distribution. I am confi-. dent, a more s.itisfai'tory business. Pending, Is Report Thnt there will bp suit brunch t a cains t ,uu county ti colleet tfi NeiiB timber rru.flft claim of approx imately $25,000 within tho noar fu ture, is the prediction today of county officials todny. This claim which wis not allowed by th county court has not been aetivo iu publicity aince the court went on record as firmly op poccd (o it but frequent rumors lately have been heard that with the comiuc of the new year there will be eonie lrp:il action taken. Prehnjinary pre paration f-T a legal defense of the suit are beiti taken. n-rensary addi tional lesal talent will bo employed, it is understood. Pojrgy Marsh Is Married in London NEW MANAGEMENT V EN ETA HALL BIG DANCE SAT. NIGHT Good Music Good Eats Good Time Everybody Corns LONDON, Jan. 1. -Pewcy Marsh.' tho Knglish actress, was married nt ! a repintry nfficn hero. today to Cup tain Keld Kohert George Fen wick, formerly of the royal horo guards, say a the Kveuing News today. The proom'a country aal ih Witham Hnll, Lincolnshire. lie is a relative of tJie Puke of Manchester and his first wife was a sister of the Duchess of Westminister. CHEST OINTMENT A quick relict for Cheat Cold. Croup, Influenza, Pneumonia and Plouriay Pains. Price 60c. for sal bv ail drugRlBtd. "IT SKLLS WKLL IT SERVES WKLL" Invest Your New Year's Money in a gift Hint will last! Choose it jotiiHolf from the latPFt. crfi ntiona of tho Onion Watoli Mnkora Ouilil diiinty wrist w'atelios for women nnd sturdy Btrnp or pock et watches for men. Wo have a liberal assortment of those famous timepieces from $25 up. Just come in and select tho ' one you like best. W. W. BRISTOW Convenient Credit Luckey's Jewelry Store January Clearance AND EXPANSION SALE EXTRAORDINARY SAVINGS In a short time our contractors begin remodeling our building. In order to reduce our stock quickly every garment in our store has been reduced to lower prices than offered before. Good Assortment Big Values Very Drastic Underpricmg Dresses $10.95 Coats $149S Good styles, choose from. good quality to Silk Crepe, Chnrmeen, Flannels A few party dresses in this group. v ALL MILLINERY GREATLY REDUCED REGARDLESS OF ORIGINAL PRICES $1.95 $2.95 CqtrectiApparel 'for Vfcb)aj r V Our Pledge for 1925 Linn Drag Company hereby renews its pledge of Scrvico to tho patrons and friends who hnvo contributed so much to tho growth nnd usefulness of this es tablishment. Tho principle of tho fair deal will be as rigidly adhered to in 1925 as in'previous years. Fair dealing starts with' tho merchandise,. Quality must go clear through; the price must ho reasonable nlwnys. Second only in importuned is tho Ser vice rendered with each purchase. Here, too, Linn Drug Company is distinctly proud of its cnvinblo position. Every siiles-person is thoroughly familiar with the merchandise on display, and is ready at all times to bo helpful to tho customer. More than ever, Linn Drug Company will strive to earn tho good will of patrons by rendering intelligent, courteous, helpful service. liiiiliiwiiMlI
