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About Daily capital journal. (Salem, Or.) 1903-1919 | View Entire Issue (Oct. 14, 1916)
iv, V . ; : ) ) ARE- of7 withooY
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BARLOW AERIAL BOMB HITS GROUND,
REBOUNDS AND EXPL ODES IN THE AIR
Lester Barlow, the man shown in the
acomp&nyiug photograph with his new
aerial bomb, ha been showing his in
Stock Market Prices Rise
to Higher Abnormal Levels
Kew York, Oct. 14. Another week
of buoyancy has been experienced on
the stock market and prices have risen
to still higher abnormal levfcls. Stock;
exchange transactions, which are aver
aging a million shares per day, do not
begin to record the total activities of
this market the outside dealings hav
iag shown enormous expansion, not to
speak of the extraordinary investments
in foreign government bonds and secur
ities. The annual report of the New
York Clearing House showed gross
clearings for the year ending Septem
ber 30 of H7 billions, an increase of
57 billions ov last year. Conditions
favor continued -activity in the secur
ity markets. Industrial concerns are
aoar earning such big profits as to
often make current quotations for
many of them appear still compare
' lively low. This is especially true of
the -steel companies' stocks, which
show profits ranging from 20 per cent
to CO per cent. Many other industrials
are also reporting very large gains in
business, much of which is due to the
prevailing high prices for sll commodi
ties. The steel companies are over
whelmed with orders, some extending
far into ll. Railroads are placing
liberal contracts for cars, locomotives
and rails at high prices without hesita
rioa. Our exports of steel in August
again touched a high record.
Railroad Stocks Boom.
The activity and advance of indus
trials which has long been conspicuous
is now extending to the railroads,
which are displaying great strength in
ronfequence of increased earnings. The
remarkable annual report of Union
Paeifie showed the largest earnings in
t,unrv. includine- income from in
vestments, or over 15 per cent on stock,
sgainst about 11 per cent a year ago
Still better evidence of railroad pros-
peritv, however, was the August report
of the Interstate Commerce Oominis
.inn. which eate net earnings of 126
Km at R2.000.000. compared with
. K5.000.000 a tear ago. The nation 's
" general trade is active. War inflation
ik. chief stimulus. The extraordi-
narr demand for many commodities,
the actual scarcity of others, the flood
of gold, the Federal Reserve system
and the abundance of eredit -which
i1im lnut two factors provide are giv
ing an irresistible upwsrd impetus to
vsloes. Kew profits thus seeruea
naturally seek investment and stimu
late new enterprise. Speculation is
vention to the United States army or
dinance experts. The bomb is drop
ped from an aeroplane, hits the ground,
rebounds r.ud explodes in the air and is
highly excited by such conditions, this
beiug proved by daily observation
and the appearance of many new oper
ators from all parts of the eountry.
Higher Prices Expected. .
Here and there may be symptoms of
overbuying and flotations of a ques
tionable character; all of which means
that, in view of present high prices,
purchases whether for investment or
speculation, should be made with in
creasing discrimination, favoring the
better grade securities which have not
yet had their full rise.
It is quite evident, however, that
the present movement of abnormal ac
tivity has not yet run its course. All
indications point to unexampled indus
trial and commercial activity for some
months to come. Of course much sus
pends upon the war, the early discon
tinuance of which would force a tem
porary setback and readjustment at
this center. Fortunatc'y, present pros
perity of the United States is based up
on strong foundations, and is not en
tirely dependent upon continuance of
the deplorable destruction in burope.
At present there are no signs of an
early cessation of the war, and the best
opinion is that it will continue at least
until next spring if not longer.
"Tariff War" Talk It Silly.
The two most striking incidents of
the war this week were Lloyd tSeorge's
diplomatic but very candid notice to
neutrals. "Hands off": and Lord
Bryce's sane and high-minded advce
against "A war of trade to follow a
war of arms." It will be well not to
take too seriously the talk of a tariff
war following the war. That there
will be strenuous international coin
petition when the struggle is over goes
... . ; .L.i I --HI
Wlinoui saying; ihbv ui;ihjiij en
deavor to regain lost markets is to be
expected, but that she will flood the
world witn cneap gooai is amy hio
hension. and that the commercial na
tions of the world can expand their
commerce by raising prohibitive tariff
walls is too absurd to receive serious
consideration. While the bitterness ot
war is so intense, retaliation talk is
natural: but commerce and self-inter
est are great peacemakers, and neither
can permanently prosper in any direc
tion where enmity rules. If retaliatory
tariffs are initiated after the war, they
will only do harm and their life will
be nreearioos. Great Britain cannot
prosper under a tariff on raw materials
or foodstuffs. Should she impose any
THE DAILY CAPITAL JOURNAL, SALEM, OREGON, SATURDAY, OCT. 14, 1916.
the only bomb known that acts in that
manner. Mr. Harlow was cnier engv
neer under Villa when that military
leader was still in Carronza's army.
tariff on manufactured articles, which
is doubtful it will be more for purposes
of revrnue than lor protection as
policy. British leadership in foreign
trade after the war will probably
make great strides; while the United
States will certainly take the second
place and in some instances will un
doubtedly be a leader.. It will also be
necessary that Russia be taken into
more serious consideration than here
tofore. She possesses vast resources in
timber, minerals and grain, which have
hitherto lacked development because of
inadequate outlets, transportation and
a lack of capital. All of these short
comings are being rectified even now.
Russia Will Prosper.
The opening of the Dardanelles, the
settlement of Balkan difficulties, ltn
proved rail connections with the North
Sea and on the Pacific Coast all mean
new prosperity to Russia, as well as
new and cheaper supplies or raw ma
terials for all the manufacturing coun
tries of the world. New trade routes
will be opened, in fact are being open
ed; and when peace comes we can an
ticipate a new set of commercial activ
ities in all parts of the world, taking
the place of those which we may lose
when the war closes, in tnese new en
terprises the United States, unhamp
ered bv hune war debts and exhaustion
will unquestionably invest a large
share of the proceeds of current pros
perity. Tn Western Europe, in South
eastern Europe, in Russia, in Mesopo
tamia, in South America and In Canada
there will be large demand for capital,
not merely for reconstructive work but
particularly for new development. The
shockiof war will undoubtedly stir up
new energies .and new activities
throughout the world, and no country
will have so largo an amount of avan
able capital as tne United States. Th
war-exhausted nations of Europe must
struggle against a load which will
handicap them for years to eome.
On Friday the market was much un
settled bv peace reports, which in
(luccd heavy realizations and sharp de
clines in a number of issnes. Ambas
sador Gerard, however has not yet ar-
rivied, so the truthfulness of rumors
that he brings peace proposals is yet to
be determined. It is well to rememoe
that peace will not lie established over
night, and that negotiations to that
end will be prolonged and tedious.
. BRINGS WRECK SURVIVORS
Galveston. Texas. Oct. 13. The Mor
gan liner El Rio arrived here today
from New York with Captain Johnso
and seven men of the schooner T. W.
Dunn, which was wrecked in a storm
while bound from New Orleans to Bar
Ti u.Mr wn. owned bv
tne American ts-ar line 01 ew jom,
7 6i JV
(Continued from page t.wo.)
Best display of carrots first J. K,
Lantz, Cove; second C. D. Nuirn,
Best display 1-2 bushel Burbank po
tatoes first J. K. Lantz. Cove.
Best display 1-2 bushel American
Wonder potatoes first J. K. Lautz.
Best display 1-2 bushel Gold Coin po
tatoes first J. K. Lantz, Cove.
Best display 1-2 bushel Early Rose
first C. D. Nairn, Amity; second J. K.
Cow Kate tirst C. D. -Nairn, Amity;
second Leonard Gilkey, Turner.
Three watermelons first Linn coun-
Display of onions, 3 varieties iirst
C. D. Nairn, Amity.'
Best Commercial sack of onion first
K. Lantz, Cove.
Best Commercial box of tomatoes
first Ivan Stewart, Fossil; second J.
K. Lantz. Cove.
Display of vegetables, containing
any or all of above list first C. D.
Nairn, Amity; second J. ri. .Lantz,
Individual Farm Exhibit Western
District Pro Bat Score:
First D. M. Lowe. Ashland, 88 per
cent; second Chester Jlichelson, Port
land. 80.5 per cent. ' '
Eastern District first A. U. Minor,
ITcnnner. 75 per cent: second Ivan
Stewart, Fossil, 07.5 per cent; tlurci
Burton H. Peak, lleppner, 4.a per
The campaign now Is on this year,
, And this is no delusion
And there will be some noise, I fear,
And very much confusion.
Great men, possessed of silver tongues
Armed with statistics dreary,
Will exercise their aching lungs,
Until the world grows weary.
There 'a no emergency right now
But we should spend, by gravy,
A half a billion anyhow
To strengthen our weak navy.
The army, too, must be made strong,
Puissant and potential,
And eoaat defenses all along
Are equally essential.
Thus some will talk as smooth as grease,
With seeming normal seuses,
While some will plead to keep the peace
And save these fool expenses.
Brave men who bend 'neath heavy loads
In these two groups 1 mention
To plead, myself, for better roods
Is now my tun intention.
Good roads are what we need today,
Then if dread foes assail us, t
We make a speedy get-away,
And they can't cutch and ffuil us.
If I sit back with loaded gun,
Heaven pity my condition;
On solid roads to cut and run
Fulfills my fond ambition.
The people now at any rate
Must listen to our pieauing,
We'll have it out in dread debate
For weeks snd weeks succeeding.
The oratorie shells will burst,
Throughout the changing season,
Until about November first.
When men get back their reason.
Bixby-Nebraska State Journal.
FAIRBANKS 017 MEXICO.
Hon. Charles W. Fairbanks, in August
inn. at Indianapolis, said:
"I have no doubt that the distur
bance in Mexico during the last few
years has been due to an effort on the
part of ambitious, cunning men to xorce
intervention and possmio annexation.
"Sensationalists are adding to tn
confusion of the situation and are mak
ing more difficult the solution of th
"If all our speculators in Mexico suf
fer pecuniary loss as the result of re-
curing revolutionists, that is a matter
for future consideration, when stable
government and peace are fully estab
lished In tnat country.
"It is no warrant for shedding th
blood of Americans.
"To sacrifice the life of one soldier
for all the dollars investors or specula
tors have ventured in Mexico would be
the sunremest criminal folly.
"It is not an hour for either little
politics or sensational journalism."
Nellie aged four, was gazing intently
at the visitor's new bonnet. "Well,
dear, what do you think of it!" askei
"" "? , ' '"'""" l! ""
Annt Mary told mamma it was a fright
'but it doesn't frighten me any.1'
THE- PLAce-.AnO vKw
mm itr Hfc THINKS
A ll -frit- fcOPt ArVCr
eS DuMb SS HErtS
THfc. IDEA "To PuT of
A StOfl OF THAT
OREGON SCHOOL OR NEUROLOGY
Inc., 428 Hubbard bldg., Salem. All
drugless methods taught. Flora A.
Brewster, M. D., dean, private pa
tients 1 to 5 p. m. Phone 2124R. tf
REDUCED FREIGHT RATES To and
from all points, east, on all houshold
goods, pianos, etc. Consolidated car
load service. Capital City Transfer
Company, agents for Pacific Coast
Forwarding company, 161 South Com
mercial street Phono Main 933.
DBS. B. H. WHITE and R. W. WAV
TON Osteopathic physicians and
nerve specialists. Graduate of Amer
ican, school of Osteopathy, Kirksville,
Mo. Post graduate and specialized in
nerve diseases at Los Angeles college
Treat acute and chronic diseases.
Consultation free. Lady attendant
Offiee 605-506 U. S. National Bank
Building. Phone 859. Residence 846
North Capital street. Phone 409.
3ALEM SCAVENGER Charles Boos
proprietor. Garbage and refuse of all
kinds removed on montniy contracts
at reasonable rates. Yard and cess
pools cleaned. Office phone Main
2247. Residence Main 2272.
FOR RENT Fine opening for room
renting or board and rooming busi
ness; seven to fourteen rooms, two
blocks from post office, bpeciauy
favorable terms to suitable party
8ee William Fleming, Bayne build
FOR EXCHANGE 8 acres 5 miles
out on good road. Seven room bouse,
woodshed, full bearing family orchard
Will exchange for good unencumber
ed property, city or country. Square
Deal Realty Co., 202 U. S. Bank bldg
SALEM WATER COMPANY Office
corner Commercial and Trade streets
For water service apply at office
Bills payable monthly in advance.
WEBB in CLOUGH CO. C. B. Webb.
A. M. Clongh morticians and funeral
directors. Latest modern methods
known to the profession employed.
499 Court St. Main 120, Main 9888.
RIGDONRICUARDSON CO. Funera
directors and undertakers, 252 North
High street. Day and night phont
Money to Loan
ON Good Real Estate Security.
THOS. X FORD
Oyer Ladd as Bosh Bank, Salem, Oregon
CITY AND FARM LOANS Any a
mount; low rates; promptly closed
attractive pre-paying privileges. I
save 5'j per cent insurance money
to loan on Salem business ana real
denee property. Thos. A. Roberts,
205 U. S. Nat'l Bank bldg.
rfONEY TO LOAN I have made ar
rangements for loaning eastern
money, will make very low rate of
Interest on highly improved farms.
Homer H. Smith, room 9 McCornack
Bldg., Balem, Ore., Fnone wo.
DR. O. I. SCOTT Graduate of Chiro
practic's Fountain Head, Davenport,
Iowa. If you have tried everything
and got no re net, try cniroprae
tie spinal adjustments and get well
Office 400-7-8 U. S. National Bank
Building. Phone Main 87. Residence
STOVES REBUILT AND REPAIRED
SO years experience.
Depot National and American fence
Sizes 20 to as in. high.
Paints, oil and varnish, etc.
Loganberry and hon hooks.
Salem Fence and Stove Works, 2S0
'.curt Ht. Phone 124
Ton can mass and save mon-
y by reading the Journal'!
New Today columns,
Yco Thick htD 1
)riCTfcTO .TOoCrt Tfifc STATU es) J
oo hco Cfc-r V - !
" i NfcvfcfO
THE DAILY CAPITAL JOURNAL
A Quick, handy reference for busy people
Salem Elestris Go., Masonio Temple, 127 North High Mala lit
PLUMBING, STEAM FITTING AND TINNING
T. V. Barr, 164 South Commercial street Mala II
TRANSFER AND DBAYAGB
Salem Truck A Dray Co., corner Stats ana front street Main
No. IB Oregon Express 5 :S3 a. m.
No. 24 f'oos Bay .U:r2p. m.
No. 2H Willamette Limited ...0:22a.m.
Na 12 Shasta Limited ll:ft.1i. m.
Na 18 Portland Passenger . . . 1 :.15 p. m.
No. 14 Portland Kxpretm .... 7 :B5 p. m.
No. 222 Portland fast Freight 12 -.01 a. m.
No. 220 Local way Freight . . . 10 ;20 a. in.
No. mLCnllfornla Express ...11:05a.m.
No. 1 7 Aalilandj I'aaaennr . . . . 8 :!I2 a. m.
So. 23 Cooa Hay 10:01a.m.
No. 10 Cottage Grove Fass. ..4:10p.m.
Makes connection with Na. 74 Gear
No. 11 Hhaata Limited S :43 p.m.
No. 27 Willamette Limited . ..:20n. m.
No. 18 Ban Kiauclaco Express 10:05 p.m.
No. 221 Han Francisco Fast
Freurht 12:01a. id.
No. 2 JC Local way Freight. ... 11 :40 a. m.
SiLiii Gua Linb.
73 Arrives at Salem .....0:15a. m.
70 Leaves Halem 9:BOa.
70 Ar. Balem (mixed) . . . .2 :(K) p. m.
74 Leave Halem 3 :03 p. m.
No conneutlan south of Oeer.
SiUtu, FiUJ Cm AND Wistirh
No. 161 Lv. Balem, motor 7 :fl a. m,
No. 163 Lv. Salem, motor 8:40 a. m
No, 166 Ly. Balem tor Monmouth
and Alrlla ...1 :4no. n
No. 1ST I.r. Balem, motor 4:00 p.m.
No. 160 Lv. Balem. meter :)5p. m,
Na 238 Way Fr't ly. Balem. .. .0 :00a. m.
No. 162 Ar. Balem . 6:30 a. m.
No. 1114 Ar. Halem . .11:111 a. m
No. 166 Ar. Balem 3 :15 p.m.
Na 166 Ar. Balem 0 :00 p. m.
No. 170 Ar. Balem 7:4.1p. m
No. 240 Way Fr't ar Balm.... 2:30 p. m
WILLAMETTE RIVER ROUTE
Orison City Tntupomuan Company.
The Qranunona leaves Balem fur Port
land at 6 o'clock on mornings of Mon
day, Wednesday and Friday. No tout south
of Halem. Boat leaves Portland Tuesday,
Thursday and Satuidaf mornings until
JHEBBY vri'T WOOD Saw We live
and pay taxes in Salem. Let Salem
people saw your wood. Phone 269.
lio A. Zlst 1, It. Keiiter, Wnv
Dfl MOLAT COMMANDER Y, No. 6, E. T.
Regular conclave fourth Friday In each
month, at 8 o'clock p. m tn Maaonlc
Temple. Sojourning Blr Knights are
courteously Invited to meet with us
Lot L. I'earcs, 0. C, Frank Turner,
BALEM HUMANE SOCIETY D. D. Keeler,
prealdentl lura. uou xiuaoD, accreiarw
All cases of cruelty or neglect ot dumb
animals should be reported to the
secretary for Investigation.
BALEM LODGE Ne. , A. F. A A. M.
Btated communications first Friday Is
each month at 7 :30 p. m. in the Masonic
Temple. Chas. McCarter, W. M.j B. Z
UNITED ARTISANS Capital Assembly,
Na 84, meets every Wednesday at H p. as
In Moose hall. C. O. Matlock, M. A.I
C. A. Vibbert, secretary, Crown Drug
store, 838 State street.
k. O. V. W. Protection Lodge Na. J,
Meets every Monday evening at 8 la tbt
McCornack ball, earner Court and Liberty
atreete. A. H. Aufrance, M. W.i 8. A
McFadden. recorder; A. I Brown
financier ; R. B. Duncan, treasurer.
WOODMEN OF TBS WORLD Meet ever;
Friday night at 8 o'clock In McOarnacs
block. A. J. Bwelnlnk, C C ; V. B. Geer
Clark, 607 Court Street Phone 693.
CENTRAL LODGE, No. 18, K. of P. Me
Cornack building. Tuesday evenlsg of
each week at 7 :30. C Barbour, C C. I
W. B. Gllsoa, K. of R. and 8.
OBEGON ELECTRIC RAILWAY. CO.
Lv. Balem Train No.
. . . 6 :55 a. aa.
. . . 0 125 a. m.
. . 4 :ii0 p. aw
,.. 5:50 p. sa.
... 7:40 p. av
...10:00 p. aa.
4:36 a. m 2 Owl ...
7 :1ft a. in a . , , .
0 :43 a. m 10 l.imiti.
11 :-' m la
1 :30p. m 14'
4 :oo p. m 16 Limited
5 -.30 p. m 20 . . . . ,
7 :05 p. m 22 ....
POXTLAND TO fUlAlff ,
6 :.10 a. m. Balem 8 :33 Rniena 10 :Rfl a. m.
0 :30 a. m
... 6 Limited .... 10 :11s. at.
7 12:65 p. aa,
0 1-IIn .
10:45 a. m. .,
2 :05 p. m.
4 :4l p. m, .
6 :f5 p. m. , ,
0 :20 n. m. .
13 Limited .... 6 -.40 p. m.
. 8 :10 p.
.11 :20p. av
. 1:66 p. aa.
. 6:30 p. at.
. a :45 a. aw
. 4:00 p. aw
. 7 :65 p. aw
. 4 :35 a. aw
. 6 :30 a, aw
... 21 Owl ...
, . 10 Limited .
.. 16 Limited
... 2 Owl ...
... 21 Owl ..
S Limited .
11 :4o p. m. .
4 :10 D. m. .
i :.io a. m.
1 :05 p. m. . ,
A :25 p. m. .
12:05 p. m. ,
1 :iV a. m. .
10:13 a.m. .
12:53 p. m. .
4 :15 p. m.
i :ov p. nw
8tops at Corvallls
6:10 p. aw
. . 7:35 a. aw
HOBTH SO END
. . a :45 a, aw
.. 1:45 p. aw
. . 4 :00 p. sw
.. 6:30 p. sw
.. 7:65 p. aw
..11 :33 a. sw
... 6:86 p. a
8 :25 a. ro.
12 112 p.m.
4 :10 p. m.
8 :18 p. m.
10:15 a. ro.
4 :13 p. m.
12 :55 p. m.
6 :40 p. m.
2 .20 p. aw
8:00 p. aw
U rr of A. "On-goii Mrapa camp,"
UMI0, .meets every Thursday evening In
McCornack building. Court and Liberty
afreets; elevator. Mrs. Bylvla Bchanpp,
1701 Market, oracle; Mrs. Melissa Wr
aona, recorder, 1206 North Commercial.
BODBON COUNCIL, No. 1. R. 4 8. M.
Stated assembly first Monday in eavrh
month, Maaonlc Temple. N. P. Raamns
sen, Thrice Tlhiatrlous Matter s Glenn C.
SALEM COUNCIL NO. 2022 Knights see
Ladles of Mecurlly Meets every 2nd sad
4th Wednesday each month at llurrt
Hall. Vlalting members are Invited ta
attend. B. F. Wslten, financier, 400 8.
PACIFIC LODGE No. M, A. P. A A. M.
Btated communications third Friday
In each month at 7 :30 jp. m. In tbe
Maaonlc Temple. Hal V. Tfolam, W. M.i
feUrneat II. Choate, secretary.
UODEnN WOODMEN OF AMERICA Ore
gon Cedar Camp, Na 540, meets every
Thursday evening at 8 o'clock In Mc
Cornack hall, corner Court and Liberty
t reels. Elevator service. Geo. Balneal.
Y. c. i J. A. Wrlcht. Clerk.
Yick So Ton? .
CHINESE MEDICINE AND
Hag medicine which will cure
Any known Disease
Ojjen Sundays from 10:00 a. nt.
CBfil 8:00 p. m.
153 South High iet
SiTam, Oregon. Psoiie IZ3