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.