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About Daily capital journal. (Salem, Or.) 1903-1919 | View Entire Issue (March 4, 1916)
jOHNNY:oj$ 'i. THE SPOT! iGIVES- 'UP.
f M KGTTA . II II f rTir rT? if in? t i 'ui '
Foreign Relations Cause
of Stock Depression
New York, Feb. 26. In spite of ex
ceedingly stmulating home conditions,
the market exhibited a depressed under
tone which at times developed into gen
eral weakness. The chief reason for re
newed selling was the unsatisfactory
drift of our relations with Germany;
the fear of a split between congress
and President Wilson, and the steady
pressure of foreign liquidation of Am
erican securities in this market.
In home trado there is slight abate
ment of the remarkable activity which
lias been going on for several months.
Western business continues active and
railroad earnings although somewhat
affected by the congestion of traffic
are making exceedingly satisfactory re
ports. Bnnk clearings also reflect gen
eral activity, the total for the third
week in February showing an increase
of over 50 per cent compared with a
year ago and the gain being well dis
tributed over all sections of the coun
try. Our steel industry is phenomenal
ly active. Prices continue to soar and
manufacturers and buyers alike appear
perplexed over an extraordinary situa
tion. Many plants are sold ahead to
the eud of the year at highly profit
able prices, and indications point to a
continued pressure of orders. Railroads
are in a position to buy more freely,
1 and are placing liberal orders for equip
ment of all kiuds. In some cases the de
lay in traffic has been owing to inade
quate rolling stock, and this deficiency
will soon be rectified. It is quite with
in the range of probability also that the
railroads will put into effect long con
templated improvements. What with im
proved, earnings, and a more reasonable
attitude of the public towards our great
transportation companies, the chief re
straint upon railroad development has
been somewhat dissipated, and the out
look is really better than it has been
or several years. The chief cloud now
overhanging railroad managers is the
labor problem. The demand of the em
ployes are now being more or less dis
cussed in the open, and there in a fair
y of cattle to
chance of a satisfactory solution being
reached without any such serious con
flict as at one time feared. The labor
situation in the coal regions also ap
pears less threatening, the impression
being that by meaus of arbitration any
disastrous breach will be averted.
There has been a falling off in new
foreign orders for war munitions and
comparatively few repeat orders are be
ing received. This was not unexpected
for tho reason that the allies have al
ready provided themselves with facili
ties for producing munitions upon an
enormous scale at a much lower cost
than in the United States. Henceforth
our manufacturers must expect fewer
foreign orders, though it is not likely
that they will altogether cease. Steel
manufacturers anticipate a continued
supply of orders from the railroads,
from ship builders and from our forth
coming preparedness movement, which
it ia probable will require liberal expen
ditures. Tho home building trade has
also revived in a remarkable degree and
this means a large consumption of iron
and steel in construction work. In many
of the subsidiary Stool industries there
is also a sharp trade revival. Other
branches of the metal trade are having
a generous share in the boom, notably
copper, the demand for which continues
upon an unexampled Bcalo in spite of
the fact that prices are the highest on
record in modern times. As a result,
the securities of the steel, copper, oth
er metallic and the chemical industries
have shown more strength than other
sections of the security markets.
Our foreign trade reflects changing
conditions. The fact that the munitions
movement has already reached its zen
ith is plainly evident, many items un
der this head now showing important
declines. Breadstuffs exports showed a
decline of $15,000,000 iu January and
cotton a decrease of $25,000,000. We
have now reached the season when ex
ports usually decline, and in view of the
smaller shipments of war materials we
may look forward to more normal con-
Dumper Grain Crops
-Cood Markets High Prices
Prizes Awarded to Wealem Canada for
.Wheat, Oatn, Barley, Malta and Qrateem
The winnings of Western Csnada at the Soil Products
Exposition at Denver were easily made. The list comprised
Wheat. Oats. Barley and Grasses, the most important bewg tlie
V prizes lor Wheat and cuts ana iweep sune on nuaiia.
V No leas important than thesplendidqualityof 'Western Canada';
ONo Iras important than the splendid qualityot western Canada s
wheat and other grains, is the excellence of the cattle fed and
f:iitned on the grasses of that country. A recent shipment
Chicago topped Uw market Uk that ciiy lor
Quality ana price,
Wwten Canada produced in 1915 - J mock, whut
",3Ba til of too Unite sums, as- vv,ww.wvw
!StVci. : nmnnrtloo to nomilatinn has ( areater exportable
ir auroiua of wheat tins year than any country in the world, and at
tT oimetit prices vou can future out the revenue forthe producer.
1? lnK.lir" 1 a r.Hl will find .! rkl. .i.i)k !. i-
7 v I. tj,,.i.il onditioM. rf ct ,Jimu. m,l n(hr IT "it ltrctxmi.
'CPV HUmm la ua us oo land aud ooncllJ"S.
IKvXnttd samohW sn ass lor r rsw
HIT"1 " If" as w smt
X I. Critra, Car. Id t rt Its.
1 Camdlsa Cevtrnawot Atsas.
THE PATLY C4PTTAT, TOHRNAT SAT.P.M. OPffflrW
ditions in our foreign trado. This will
make the control of foreign trade bal
ance a much mre manageable affair.
Imports are tending to revive, and the
continued heavy mtlux or American se
leurities tends to prevent further unde
siruble importation of gold. Great
Britain is moreover discouraging im
ports; a factor which will tell unfav
orably in the long run upon our ex
port trade. The only offset to this is
the improved status, of the foreign ex
change situation, wnicn a year ago was
assuming very threatening aspects. This
is a complication which does not appear
iiKely to occur again.
Tho money situation continues satis
factory, loanable funds being abundant
at comparatively easy rates, and this in
spito of an enormous expansion of the
loans. Tho latest report of the coun
try's national bunks shows an expan
sion of $1,010,000,000 in loans compared
with a year ago. This is the largest ex
pansion since 1911 when the increase
was nearly $400,000,000. How much of
the increase has been due to loans on
returned American securities it is im
possible to determine, though in this
connection it may be mentioned that
the loans of the New York associated
banks have increased $1,000,000,000
luring the year, and that ot tins am
ount over $70,000,000 represented loans
on investment securities. This phenom
enal expansion of loans proves that in
flationary influences are operating in
an irresistible manner. These must be
attributed to operation of the Federal
Reserve Act, to the remarkable iniorta
tion of gold and to the general inflatory
results of the wtir. Fortunately tho
cash reserves ot the country s national
banks chow an increase for the year of
There is one feature of the situation
which is not all that might be desired,
and that is the crop outlook. Our win
ter wheat acreage promises to show a
small decrease owing to contraction iu
the muI ii. At the same time a very
considerable . portion of the winter
wheat crop has been winter killed. Ac
cording to the present outlook there U
no chance for another bumper wheat
crop in 1910. It is too early, however,
lor crop prospects to become an im
portant fuctor in the business situation.
The immediate outlook is exceedingly
uncertain. If homo influences rule we
should have nn active and advancing
marsct, out tney uo not. un the con
trary tins market is dominated more
than ever by the disastrous conflict
acrnsa the sea. The pressure of foreign
nominga or America u securities in con
stant and must continue in view of the
enormous loang still pending. Confi
dence is also easily disturbed by any
pornicioug activities emanating from
Washington. If any improvement were
to develop in our relations with Ger
many it would be quickly felt in the se
WILL LECTURE N SALEM
The fimt lecture in a general account
ing for the subordination of the state
commiscions at Mem will be given to
night, when Dr. D. W. Morton, of the
University, will speak there.
A course jn general accounting will
be given on Friday nights at the capi
tal city which the subordinates of the
railroad commission will be required to
take. It is being given at the request
of Clyde P. Aitchiarin, member of tho
public service commiskion, who spoke
at the unlvcmity (he firrt of the
week. Eugene Register. 1
REPRESENTS U. S. IN
I ' , I
d t J
James Linn Rogers.
James Linn Rogers, consul general to
navuna, was selected as u. fr. represen
tative to tho do facto government of
another Henlri lit his luH. frwlnv. Hi, il.
senate of Hrnry P. Fletcher's nomina
tion as aniDascauor to .Mexico. Jt ir
understood that Consul John R. Silli
mnn. who hnt ben travlini with Ciir-
ranza as V. 8. representative, will be
transferred to uuanaiajara, one ot ttie
important Mexican consulates.
"THE MULLIGAN GUABDS"
We crave your condescension anfl will
tell you what we know
Of marching in the Mulligan guards
from the Seventh ward below.
Our captain' name is Casey, a Tifpor-
Ho carries his sword like a Bussian
duko whenever he take command
Shoulder arms and march And march
Out Baxter street, way tip to Avenue A I
The drums and fifes they tweetly,
As we march, march, march in the Mul
The band plays "Garryowen" and the
( onnemarra pet.
With a rub s, dub s dub we marc-j
through th mud with a military
With tho green above the red, boys, to
show where we come from,
Our guns we lift to a right tbouMer
shift as we march to the tap of the
Rimebiirg'g Htrawberry Carnival wiU
be held May 18, 19, 20 of this year. The
officers of the association are: W. J.
Weaver, president; Ham 8. Josophson,
secretary, and M. F. Rice, treasurer.
The remaining members of the commit
tee are J. r. Baker, B. W. Bates and
Owiar J. Lindeey.
SATURDAY. MAR. 4. I91fi.
Washington, March 4 Babies of four
colors and two nationalities were tho
center of attraction in 2,029 commun
ities in the United (States, Alaska, the
Philippines, Canada and the British
West. Indira today. They will hold the
spotlight for the succeeding six days of
National Buby Week, inaugurated by
the General Federation of Women's
clubs and sponsored by tho Federal
Children 's Bureau.
The babies don't know it, but they
are the reason for hundreds of nursing
courses, child welfare exhibits, win
dow decorating contests, bazaars, es
say contests ntid general meetings plan
ned during the week in tho United
Htatcs and its possessions, not to men
tion again Cnnudu and the British West
Wisconsin proposed a state wide com
mi iii to place emphasis nn adequnte
musing, care unci instruction for pros
pective mothers. Texushas its own baby
week slni'im, "baby heulth is Texns
wealth," Mississippi has a slogan of its
own. North Dnknta is holding nn esay
contest in public, schools. A Colorado
;ttlement 40 miles trom a railroad, a
woman's club on a western reclamation
project, a Montana coal mining town
with a large foreign population, a
southern mill villnge and severnl fnrm
women's clubs ore holding celebrations.
Child welfare exhibits were prepared
hy women's clubs in Omaha and Lin
coln. These, will bo sent throughout
Nebraska. A Maryland town will have
a, birth registration day; a merehnnt
has promised a tooth brush to every
mother who goes to the city hall to find
whether her baby's birth is registered.
Another city inaugurated a competition
for tho cleverest widow plan.
Manila will have it meetings during
the week j the babies on two Indian
reservations will be brought from their
wigwams, if their paronts still affect
wigwams, to share in the enlighten
ment, and to blink boredly during tribal
Conferences concerning them.
Albany, Bultimore, Boston, Cleveland,
Milwaukee, Minneapolis, Philadelphia,
Richmond, Pan Francisco, Washington,
and other large cities have program.
New York will have a bnby week of its
own lata this spring. Many rural com
munities have announced their inten
tion to participate.
Plans differ, in some respects, in all
of the 2,000 cities. But if all the cele
brntions are the success the Children W
Bureau believes they will be, Interna
tinnal Bnby ough: to rise several points
before the market closes next Hatiir
day. Springfield, 111., March 4 Half a mil
lion mothers' "little dnrlin's," includ
ing white babies, black babies ond
chocolate colored ones were fed, cuddled
and groomed today for the opening of
Illinois' first Baby Week.
From Waukegnn on the north to Cairo
on the south the Infants prepared to
open the week with a grand bawl.
"We are going to crown tho babies
kings and queens in Illinois next
week," Dr. C. St. Clair Drake, seere-
tary of the stato board of heulth, which
arranged the event, announced today.
"Every city of any importance in the
state has determined to participate,
with baby shows, mothers' meeting.!,
public lectures nt wnich the best way
to core for infunts will be told, and
even the churches will help by devoting
sermons tomorrow to babies."
Illinois realizes, snid Drake, that
some cuddling, dimpled fist belonging
to an infunt from the corn belt inny
hold tho nutinn's destiny some day, and
that some girl bnby with dimples in her
chunky little knees nuiy grow up to be
the fir.it woman president.
"We want to make them all fit for
these honors," Drake snid. "The fute
of all nntions rests with their bnbiey.
Good babies for Illinois thnt's ouri
ill uuilllliill 111 inn ciniitiMir, vinirii
will terminate next Mundiiy in " review i
day," most, of the cities will observe j
! the following schedule.
.Sunday Buby Buinluy in the
I Monday Little Mothers' dnv, in
wlich children will bo taught the prop.
er enre of in fun In. i
Tuesday Fathers' and Sons' day
wli.'ii physicians will lecture to men
ub'. nt haliics,
Wednesday Mothers' day, when
physicians will tell mothers about pro-
nut til influence.
Thursday Demonstration dny to
show mothers how to bathe, dress, feed
and sing bullies to sleep.
Friday Community day, to arrange'
'special conferences with milk dealers i
and food handlers.
I Saturday Permnnent organization
I Sunday Review duy, with a howling
MT. PLEASANT NOTES
Mrs. Nick Zimmerman and son, Geo.,
of (-Sublimity, end Mrs. H. benz called
; at the Joe Hen homo Wednesday.
Hazel Lambert and C-lair Michael,!
'of Lebanon. Htcnt th wcek.eml u f IV
j H. Lambert's.
L'lmor mid Cnrn lfnv neiit Smulnv
at Don MeKuight's in Scio.
The MisM's Verna and Koxona Shimk
called at tho P. U. Lambert home Fri-1
Miss Miimniie Zimmerman and Jobs!
Willing spent the week-end tit the 11.'
Senx home. !
Fred Smitb and Melvin Shank were
Sunday visitors ut the John Huber
Mrs. H. It. Shank called at the H.
Montgomery home Friday. i
Ona Shelton and family were Sunday
visitors- ut the W. K. Kay homo.
Tho Misses Lulu, and Gludys Downing
and Francis, Josio and Muttie Kloer
were Hiindny callers at Jid Smith's.
Mr. and Mr. M. V. Ryan and daugh
ter Angelina, Mrs. if. Shunk and daugh
ters Grace and Crytnl end son Melvin.
B. F. Lambert und Krnest Aegerter at
tended the entertainment nt tho Stuyton
high school Friday evening.
( V At Last A Bunion Remedy v
That Affords Immediate
Relief And Effects A Positive Cure
JiifI ask fur a package of "BunionCtnnfort".
Hiuoneoiuuiil UicMwin will vanish l-kemugic.
If you have a bunum, no matter how lurge,
how swollen, how puinl'jl and Imw distorted
the i'lint may be, use just one "Bunion
CormWt" and yon will obtain instant relief.
Buy a box today try one or two plasters
utid if vou aie nut entirely satisfied, simply
retiti n'tlie remainder and get all your money
back. ' Bunion Comfort" have cured over
72,01)0 men and women the pa;,t year they
can cure you Why continue to suffer, when
here is a guaranteed iiuUut rclicl? Your
money back if they fail. H a
J. C. Perry, Drussist,
115 S. Commercial Street
Lewis Ray called at the Mrs. II.
Wliiink home Monday.
Mrs. P. II. Lambert spent the week
end with her daughter, Mrs. W. K.
Brenner, of Hlnytnn.
A dunce was given at the If. Sen,
home Saturday night. A luriie crowd
attended and all report a good time.
DEATH OF MRS. McRAE
Mrs. Miiry K. McRue (Mary E. Low
r.y) was born in Shelby countv, Mo.,
April 5, 1 Si 7, and died ut her hno in
Slnytoii, Oregon, February 2H. 1IIKI.
She was married to D. N. McRne.
near Clarence, Jlo., in Istill, at wliih
place tho rt-.-siiled until 1000, when she
moved with her family locating six
niilse south of Salem. Thirteen ycur
lutcr she moved to Stuvtnn whera mI.,.
remained to the time of' her death. Her
husband died seven years aco.
Sbo is Burvived by two brothers.
Jus. Lowry, of Monroe City, Mo., and
A. J. LOWTV. Of Amitv. Oreiron. tu,,.
daughters, Mrs. Rosa Kimsey, of' Bun
iu, vrcgon, ann airs. AliU) Murphy
this city, and one son, Everett McKac,
of Sulem, ulso seven grandchildren.
A nephew, Alfred Lowry, and wife
of Amity, were with the family at tho
timo of her death.
Mrs. McRne was a memtw
Baptist church all her life anil
women jovcn and respected by all witt
- . . ' . T
nnom ne came in contact.
The funeral was held Wednesday
March I, nt the Christ inn church oi
this city, Kev. K. L. Putnam officiating
Interment was in the Lone Oak ccme
tery. Stayton Mail.
must exist in the digestive system in
order to get the bent value from your
food. When the stomach lacks tone
or strength, try a bottlo of