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About Daily capital journal. (Salem, Or.) 1903-1919 | View Entire Issue (May 5, 1916)
THE DAILY CAPITAL, JQIT.NAL, SALEM, OREf, FRIDAY, MAY 5, 1916. FIVE Steel Corporation's Profitt T7 Over $15,000,000 Monthly - L i V r , sr.i I've Got to Raise $1,765.45 for the Chicago Store Saturday. Can I Convince You of the Realness of This Sale and That the Call Is Necessary? 4,1 T . . Ill H iHi HiL I , . ). I - & - """" ' eat I Can So for Saturday there will be a lively stir at the Chicago Store, because I have made some prices that will stir up the whole town in general. But I decided that a wake up for Salem in the way of lively prices would be a great thing, besides make a record break ing day in merchandising that will long be remembered. What's the use of being backward about it? The Chicago Store must have money; so what's the use to I go aroung the bush about it? Now then, dear people if you want to share in this, the greatest bargain day of the Chicago Store's Sale, wake up to the fact that "Seaman" has done his share, and now its up to you. Are you aware of the fact. Below Are Prices That I Know Will Do It LADIES' SUITS One lot Ladies' White Serge Suits, worth to $15, good styles, Saturday at n Closing Out Crockery and Graniteware 1 $1.98 i HUCK TOWES Now listen ! 12 l-2c Huck i Towel, 31x18, only 4 to a customer, at eacn 3hc MUSLIN SKIRTS $2.50 Wash Bowl and Pitcher, closing out 1 $1.19 $1 Blown Glass Water Jug, closing out 49c $4.50 41-Piece Dinner Set, closing out $2.69 40c Butcher Knives, closing out 19c 10c good strong Tea Strainer, closing out . 5c $1.25 Enameled Double Boiler, go at 75c 10c large Mixing Spoon, closing out 5c 65c Berlin Enameled Kettle, closing out 35c 20c Glass Vinegar Jug, dosing out :. 10c 10c Jap Cup and Saucer, closing out 7c 20c Frying Pans, closing out 10c $1.50 Aluminum Stew Kettle, closing out 85c 75c Galvanized Slop Pail, closing out 35c 10c Soup Ladels, closing out 5c 75c 5-Quart Enameled Coffee Pot, closing out . Listen again ! $1 New Muslin Skirts, neatly em broidery trimmed, Saturday 49c FRENCH FLANNEL What did I say? 25c French Flannel Shirting at the yard c KIMONO CREPE Ain't I awful 7 18c Crepe Kimono Cloth for Saturday, the yard 5c MILLINERY One lot of black and whto striped Sport Hats worth $1.0 0, Saturday yours for MILLINERY MILLINERY Only 11 in the Lot of Trimmed lot, trimmed tur- Hats worth $2.50 bans, worth to to $3.50, extra I $2.50, while they special for Satur- last Saturday day only 25c 98c MILLINERY One lot of Trim med Hats, worth $5 to $6, extra special Saturday 25c MILLINERY Lot of Auto Caps, veil attached, worth to 75c, Saturday at $2.491 39c Don't Take My Word for It-Come Ladies' 35c Lisle Gloves, at the pair 15c Laces worth up to 15c the yard, at the yard lie Ladies' 25c tan Hose, now the pair i2y2C 12 l-2c to 15c Embroid ery Beading, yard 2c SL25 and J1.50 Ladies' J Kid Gloves, the pair 65c Ladies' ioc Summer Vests marked at each 15c 15c Children's Summer Weight Underwear 5c 75c Ladies' Muslia Gowns go at 43c 25c Muslin Gowns go at each 19c 35c to 50c Corset Covers go at ... 19c 25c Ladies' Muslin Drawers to go at 19c $1.25 Corset, very special, to go at pair.. Ladies' Black Silk Waists worth to $350 Ladies' White Voile Waists, worth to $1.75 . 95c 95c Ik Ladies' and Misses' Mid' dy Blouse, $1.35 regular, Km OIL CLOTH Get this one 20c and 25o best quality Oil Cloth, 45 lnches wide, Saturday the yard 15c CENTERPIECES It's a shame 25c center pieces, lace trimmed, stamped for embroidery, each 5c SOFA PILLOW TOP I've lost my heart, up to 50c value for Saturday, yours at Sc LAWNS and VOILES I should worry 18c and 25o lawns and voiles for Saturday the yard Curtain Materials Think of it, odds and ends worth to 15c and 18c yard, while it lasts Saturday, yard fit 85c c 3c E. G. Seaman, Representing Lewis Bros. & Co. in Charge m j timr may Now Yurk, April 2!. The effot the war tiou some i ml list r nils is nnmennl, particularly upon those gaged in iron and steel production, example, the I'nitcd Htutes .Steel t of cor- Still larger stinin have been taken out of earnings uml put into plant. ret. penring in the form of surplus am, stoek dividends. Homo companies aro v.isoly strenutlieninc themselves nirninst future porntion's net earnings duriiiL' the last ! reaction liv buildine un irood reserve quarter were reported at about H0,ftt)(l- to maintain dividends; and all cone.ernit 000, or five times what they were ajarc feeling the widespread rise in the ijcui nKo. oiinimr rcfiins are oeing re-, cost ot doing business, as well as tli ported by other concerns in this iiulus-1 numerous concessions to labor, which try, although it must be remembered ' will won cut down dividends to more that comparisons arc made with a per- i normal proportions. I iod of depression. Copper mining com-1 War continues the ruling factor in I panics arc making extraordinary profits j financinl affairs; our reliitions with I and their combined output for this year (lermnny still In-ing tho. first issuo. w ill considerably exceed 2,0u0,WW,niMI i There is some hope of a satisfactory pounds, which at current average prices I ad.justnMiiit of the miimiiirinc question Ijvould npproximate consideralily over owing to the more conciliatory spirit j 5(M,IHMl,(MI(l in vahie of product, com-, manifested by (ierinany during 'the last pared with 2.S,IMM),tl(0 last year. More- i few days. Later rumors have been dis- over, the entire output for llllii is Hiiid tinetly favorable. It would bo premn j to have been sold to the allies, who seem I tare, however, to be overconfident, in to have secured all the surplus popper In j this respect. W hat the outcome w ill be the country. When the wur is over there cannot possibly be foretold, hut one fuvt .will be a tremendous vacuum iu tier-1 has recently been disclosed; that nei!: j many which this country will be called er the people of (iermany nor Mi-i ;eo- "1"'" lu x 111 "ii companies are mso pie or inn i niieu Mates w is!! (.r war securing their full share of present nn i preceilcnted activity. Since .Inuuury 1 , the Standard Oil companies have dis tributed about .f.'lO.OoO.llim iu stock div- ideads, and many of the companies have I accumulated surpluses almost eipml to their capital stock. A number of the chemical compaiies, especially those (-making elements for explosives, are I having similar experiences, showing profits several times those of a year (ago. .Some of the textile concerns hnv- iag war contracts are also enjoying j umwual prosperity. As for the muni : tiou companies, their experiences are i too familinr to call for reiteration, ! further than the fact, that orders for j munitions from the allies are still coin , ing forward more freely than at one j time anticipated. ! Effect of Big Profits, j .Such bulging profits, pleasing as they may be, are not altogether satisfactorv. ! They are much exaggerated by high 1 prices and inflationary conditions. )ie i youd question they create n species of j dangerous intoxication, in business nf- fairs. The whole industrial fabric, while j running at top speed, is put more or less j out of genr. Costly changes nnri im j provements are being mudo that may he I suddenly wiped out of existence w hen peace comes. Commissions nro many 'and heavy. Extravagance is inevitable, ami careless business methods take the place of economies formerly enforced 1lV lllil'IWuitv rililwivf ltd il i.iu rr.'ii I't ' ' , "1-1 .v.-, .... h..i. . and grqed are innumerable, and the mor ale of many establishments is seriously j impaired or destroyed. A hn.anlous sit j nation is being created which, though I recognized, is often, lightly regarded le I cause of the immense profits in imniedi- ate view. Foresight may effectually ! prevent the disasters which would ordi narily follow such excesses, lint, the I effect is demoralizing alike to capital j and labor. The latter naturally ex pects a shuro in these, extraordinary re sults, and is securing it without much (lifficulty. Many concerns are disposed to deal liberally with their help, n"' numerous wage udvunces have already occurred iu industries making these un I paralleled pro'fits. It would prolmbh- have been better for all concerned, if instead of higher wages bonuses had been given tho men, with the assurance that they would be continued as long as present extraordinary conditions lust. When war contracts cense and condi tions settle down to normal if not to n period of punitive reaction the wages question may become acute; for the men, not clearly understanding the situ ation, will bo unwilling to sulimit. to a j return to former wages, regardless of whether manufacturers will be able to j continue on the present, basis or not. i Somo better and moro flexible method I of adjusting wage differences shuuld be found than strikes. Capital needs more tair-miniled and more liberal lend eiship. Labor needs more intelligent and less prejudiced leadership. Much needs to consider the other ' point of view. Uliud selfishness should give place to intelligent self interest, nail tho spirit of fair piny should animate tho lenders of both interests. The win- like spirit which prevails between nin- J ital and labor is simply absurd Hud in jurious to both. Capilul uud labor are unnvoidablly partners, one of which ns- sinncH the risk and management while the other gives manual skill uud labor. Railroads and Labor. For both sides harmony is better than friction, uud the share, allotted to each out of the social product -should lie the outcome of open-minded negotiation; not brute force or brigandage on cither side. The issues between tho railroads ami labor must shortly bo met. It is very evident that the douiunds of the trainmen, who nro only one-fourth of the railroad employes, for un advance j in wages amounting io about $100,000, i 000, liuve neither tho support of pub j lie, opinion nor the warrant of facts. I These men already receivo relatively high wages, and concessions made to them would soon have to be made to others. The result to tho railroads would be an added burden which, ir I spite of recent betterment in their financial condition, nicy rnnnot iu all justice be compelled to pay. For Home of the rouds these exactions would prob ably menu bankruptcy. If enforced, the public will have to pay the bill, either iu impaired service, or higher freight and pasesnger rates. The power of the unions to enforco their will mid create widespread public loss, confusion and inconvenience needs some K'al re straint not yet provided. No organiza tion of capital would be allowed lor one moment to precipitate such a crutis us these men have theratencd; nnr would they be allowed to imperil public inter ests by insisting upon similar demuiids. Tf tht government is to continue reg ulating the railroads, it may have to also regulate the employes. Fixing wages is a necessary sequenco o'f fixing rnteif, if iuw is to be based iipou simple justice. Dividends and Interest. Dividends uud interest payments for May are estimated at about 6137,000, 1100, or more than S,00(),0(IU in excess of last year. The increase, is smaller than expected in view of (he large profits made by many industrials. The reasons why distributions have not been heavier are several. Large sums liuve been charged off for depreciation.1 Symptoms strong enough on the surface have already cropped out as almost con vlusive within the pnst few days on tho part of the American people, as well as on the part of the kaiser and the (ter mini people, indicating that a break iu diplomatic rehitions between the two nations in not actually desired. There fore, I feel that, such nuited influenco may almost be relied upon in prevent1 ing a rupture at the present time, espe cially as it is for the mutual interest of both nations to continue peaceful re lations. Developments in Mexico, though not. entirely sntisfactory, have not thus far been of a disturbing nature. The next most impnrtnnt problem is the la bor situation which, however, pi hiuhch to be adjusted by wage cessions. The presidential campaign is running iihei.d under full steam, but quietly ai I rather smoothly in spite of the fact that, the conventions are only now a f 'w welts distant. Home trade in sliil active. Uail road earnings testify to th, :t'!ivi;y in transportation. Steel mills are running, at a rccord-brciikiug into, having or ders for l,(i()0,IK)0 tons of ' i'.U and luO,. (Hid tons of steel plates and sh.ijiM fi.r 1PI7. Cotton mills n".. veil supplied with orders; in fact. Vo whole indus trial fubrir. continues it high j-pe-'d, and the cessation of miiuii m ord.'rs, if that were probable, would not at this time menu any serious contraction of business. Home conditions warrant a better slock market, but as long us the situa- Hon is so seriously exposed to shocks resulting from the war, it will be unsafe, to depart from the present policy of caution anil dny-by-day operations. Tho latest, reports of railroad earnings have been particularly encouraging, uud backed by more favorable rumors from I Germany, n good trade outlook, and the Inlying of a considerable short interest, explained the strength which developed on Thursday. IIKNKY CLEWS. If Too Fat Get More Fresh Air Bo Modorate in Your Diet Reduce Your Weight. Take Oil of Korein. And Lack of fresh air it is said weakens the oxygen carrying power of tho blood, the liver becomes sluirmHh. fat .lecumu- lutes mid the action of many of tho vital organs are hindered thereby. Tho heart action becomes weak, work is an effort and Hie beauty of tho figure is desl roved. I''nl put on by indoor life is un'nonlthy And if nature is not assisted in throw ing it off h serious case of obesity may result. When you feel that you are getting too stout, tako Iho mailer in hand ut once. Don't wait until your figure him become a joke and your health ruined through currying around i burden ot unsightly and unhealthy fat. Spend ns much time as you possibly can in tho open; breathe ' deeply, anil get from Central l'harinacy or nay druggist box of oil of korein capsules; take one lifter each meal and one before retiring at night. Weigh yourself every few days and keep up the treatment until you nro down to normal. Oil of korein is ab solutely harmless, is pleasant to lake, helps the digestion and even a few days treatment has been reported to show u. nutie.oj.blo reduction in weight. .Trying to Settle the Pittsburg Strikes Pittsburg, Fa., Jlny 1. Federal and stale local influences are milking n concerted effort to end tho strike dis turbances in this district today. The Westinghuuse eompuny signified its willingness to meet a committee of strikers. Clifton Hooves, of tho fed eral department of labor, the stato labor department representative ami union bonds are attempting to bring the companies into meetings wilfi tho men. Ono thousand cavalry and infantry arc policing the strike district. Several plants ut llraddoi'k and Hankin re sumed operations. They are under close guard. mm tnCT Yon Know They're Baking .3 You know they're baking as you pass by. Those palate tickling odors are from Merit Vanilla, and the baking tnstes better than it smells. A 25c boltle is rcnl economy. :V,.r of Your Grocer Journal New Today Ads do- liver tbe goods.