PAGE SIX
SOUTH NOEwALK EVENINGSENTmaL
\
. r
....—
o
(FmtheMoothlanlletfiforDecemberquedbyTthaflonflCgtyBdeNewYork)
HE advance of agricultural
I rices has put new life into
business in sections where
de ression has existed, and the
volume of business being done in
most lines in all parts of the coun-
try is now very satisfactory. As
a rule prices of manufactures have
not advanced enough to cover the
advances in wages and raw ma-
terials, with the result that com-
plaints of little or no profits are
common. ' .
The iron and steel industry is
going at about 80.per cent of
capacity, and aktng headway
upon bookings accumulated during
the strikes. Pig iron is lower as
a result of the resumption of
numerous furnaces, and prices are
weaker in several lines. The fu—
ture is hopefully viewed. on the
strength of buying by the railroads,
prospects for another year of ac-
tivity in construction work, better
outlook for implements and great
confidence among automobile man-
ulacturers.
The textile industries have been
stimulated by the rise of raw ma-
terials, all of which are regarded
in strong position, and are more
completely employed than for
more than two years.
, ()n the whole the outlook for
‘business during the winter months
lis good, with a promise of contin-
uance next Spring, providing de~
velopments in Europe are not un-
tfavmrable, and that the rise of
.prices in other lines does not off-
‘lsrt the rise that has taken place In
farm products. The fact cannot be
suglected that the rices of farm
products are depen ent upon Eu-
‘yopv's taking its accustomed sup-
lies, and that prosperity cannot
be maintained unless the farmer
Law :1 share in it.
The improved conditions in the
glndustries still partakes largely of
the nature of a rally from the ex-
treme depression and low produc-
tion of 192l. Many experienced
observers do not believe that *in-
dustrinl costs are low enough to
furnish the basis for permanent
prosperity.
Position of Corn Crop Strong
The November estimates of the
;Department of Agriculture show
that the production record for
Corn is higher than that ‘ the pre-
Jvious month, and including the
marry-over gives a total available
‘suopl for the coming year of
3.084, .000 bushels, or about the
amount of last year's cro , ca ing
nothing of carry-over. ans-{er-
rng that there are more hogs on the
‘tarms, and a much greater number
of cattle in feed lots than a year
ago. the osition of corn is very
.strong. he way the record-break-
ir’ng crop and carry-over of last
!year has been disposed of augurs
[well for the corn-growers in the
fixture. Calculations indicate that
l‘approximately 3,200,000.000 bushels
of corn were consumed in this
ieountry or exported last year and
there never has been but one crop
of that size in the history of the
country, and but four crops ex-
‘cceding 3,000,000,000 bushels. The
price in Chicago is about 70 cents P
per bushel, and at western railroad
zstnlions about double the price of
a year ago.
Wheat is in a stron osition,
htatistically, in view 0 t e poor
crops of bread grains in Europe.
The normal pre—war wheat ro~
“din-tion of France was about 25,-
000.000 bushels. and the normal
annual consum tion is 340,000,000
tn 345,000,000 ushels. A saving
of 14,000,000 is expected from the
milling regulations, requiring "war
flour" to be used, but the import
requirements are calculated at
about 80,000,000 bushels. The
grain crops of Germany are very
short, and this is true of Italy.
he situation is summed up by
. E. Hay, Canadian Trade Com-
I
For Golds,
Influenza :
and as a I
Preventive
Take
tablets ..
.r'
The First and Original
Cold and Grip Tablet
Tho box bears (his signature
Orieniai Cream
Almost
) Unbelievable
Ammo:
Q. nruud'g
[om-Cold anne Day
; ‘- e BROMO QUININE
box bears the signature
. (Be sure you set
. PMV.
Current Business. Conditions
By GEORGE E. ROBERTS
mic-loner at Manchester, England.
as follows:
The marketing of wheat in the future
will be characterised by much uncertainty
regarding consumption and rices.
“tries in the continent o Europe
sorel in need of wheat. but it Is not
nown w they can possibly pay for it.
I shippers are'relnetant to, export to coun~
tries with dubious funds, on urally there
will be so much the larger quantity on offer
to countries whose credit ll. sound. with
the consequent efiect upon prices.
Grain Congestion
The marketing situation in the
west has been complicated by .a
congestion of offerings at the
country railway stations beyond
the abilit of the railroads to ban-
dle it. he congestion seems to
have been the worst ever known,
over 400 country elevators in Kan-
sas being at one time closed be'
cause their bins were full. But the
congestion has not been simply at
the railroad stations in the west,
but all along the route to the sea-
board.
The Northwestern Miller says
that millers in Minneapolis have
been paying premiums of 5 to 10
cents per bushel for wheat in cars
that could be re-routed Eastward,
and employing carpenters for rot
pairing out-of—order cars.
One milling company has had a
crew of about one hundred carpen-
ters at work, and estimates that
each car it gets is costing the com-
any fifty to seventy-five dollars
or repairs. Grain dealers. partic-
ularly exporters, have had great
losses through failure to fill con.
tracts on account of the car situ—
ation.
The effect of the blockade has
been to keep the price of wheat in
this country six to ten cents per
bushel below the normal parity
with prices at the seaboard and in
Europe. Ocean transportation is
abundant and rates down to about
pre-war level.
It must not be supposed, how-
ever, that the railroads have not
been moving lar c quantities of
grain. The reee pts of wheat at
the twelve "primary ma.kets" from
July l to November 11, 1921, were
220,605,000 bushels, against 44‘,-
975,000 bushels in the correspond-
ing weeks of last year, and of other
grains about the ermo as last year.
Exports of United States wheat,
including flour as wheat, in De.
tober were l8,282,l40 bushels
against 18,205,966 bushels in Oc-
tober, 1921: same I‘vlv l to Octo-
ber 31, 1922 114,911.00 bushels,
against l6l5>2.000 bushel.- L. the
corres finding period oi‘l9lt and
l45’35l:900 boslmls in 1920.
crmermr'g. it mcol bu consul
ered that if all the grain offered at
railway stations in the last three
months had been promptly moved
to the terminalfimarkcts, prices of
the latter mi ht not have been sus—
tained at t c n ures that have
ruled, and even -iverpool prices
might have been affected.
he cotton crop is short, not
over 10,000,000 bales, and prices
are more than double the pre-war
level. The worst of it is that until
some way is discovered of master~
ing the boil weevil, we are des-
tined to have short crops and high
rices. The short crop of this year
is not due to small acreage or an
especially bad season, but chiefly
to the insect pest. .
Railroad Situation
The value of railroad stocks has
sufiered a marked decline in the
past month, which is generally at-
tributed to the results of the re-
cent election, and the strengthen-
ing of the anti-railroad element in
Congress. It is supposed that the
first effort by this element will be
for the repeal of . the so-called
"guaranty" clause of the Esch-
Cummins law, which directs the
Inter-State Commerce Commission
to so adjust rates as to ield a fair
rtturn upon the value 0 aggregate
investment in railroad property.
that in
The Commission has determined
that 5% per cent is a fair rate of
return, and fixed 3183005000000 as
the aggregate value of railroad
property used in providing trans-
portation. This valuation Is based
upon an investigation of the actual
value of railroad property, before
the war, plus investments since.-
and has nothing to do with the
amount of stocks and bonds. The
rate of return named is not as-
sured to individual companies,
but ll stmpl the basis upon which
rate~calculations are made. The
companies must compete, with the
result that some will doubtless
earn more than 5% per cent. and
others will earn less. Those earn-
in more are required to pay one—f
ha fthe excess into a fund to be
managed by the Inter-State Com-‘
mission and invested in reserve
railroad equipment. available for
use in emergencies like the
present. _
The rtmary purpose of railroad
regulation of course ts to protect
the public. The roads are natural
monopolies and it is right that
their charges and operations
should be under governmental
control; The interest of the Esch-
Cummtns law is to ive assurance
to the public on one and that the
charges will be restricted. and to
the investors on the other hand
regulating charges the
Inter-State Commission will not
go so far as to prevent a fair re—
turn on capital actually invested.
The_threat .to repeal the Esch-
Cummms law naturally has the ef-
fect of increasing the timidity of
the public toward railroad invest-
ments. .Railroad service cannot be
had without the facilities. and
these cannot be had unless the in~
vesting public is assured of a re-
turn correspondin
had in_other fiel s of investment.
One new commonly held at the
sources of this agitation seems to
be that the railroads are owned by
a few rich bankers who are able to
put their hands in their pockets
or all the money needed to pro~
Vide. the necessary expansion of
scrvnce. The railroads. however,
are not'ow'ned by bankers; the
ownership is widely distributed
and Will respond With additional
Capital only as it believes the in-
vestment to be safe. Some of the
stronger companies are still able
to raise money by iving mort-
gages that come a ead of the
stock, but this i; just like putting
a second mortgage on a farm.
This process canno. be carried it.-
de any. because the mar in of
satay. wows smaller. .rorer
nnancwg oi the railroads requires
that approximately one~half of the
capital shall be represented by can-
ital stock; in other words, that pro-
ortion should be proprietary can-
ttal, in order to obtain favorable
terms upon borrowed money. Vary
little new capital has been raised
for railroads by that means re-
cently. Most of the purchases of
equipment lately have en accom-
plished on the installment plan.
mortgaging the equipment for
about 75 per cent of the value.
The railroad blockade this fall
has shown that the biggest railroad
problem is how to raise the money
to keep the railroads up to the
growing business of the country.
The railroad companies came in-
to the crop-moving season with
much motive power in poor condi-
tion as a result of the shopmen's
strike, and have had to deal with
an extra heavy movement of coal
resulting from the coal strike, an
with all traflic revivin . In the last
week of October 1,01 .480 earloads
of freight were loaded, which is
but a fraction of one per cent be-
low the peak-loading of any wee
in the history of the country. The
car loading ti one for the past
month not on y exceed those for
November, 1921, but are the high-
est for that month on record.
Mm e. Jeannette
Corsetiere &- Glover
56 So. Main St.
Clifford
South ‘Noeralk, Conn.
Hotel Bldg.
OPEN SATURDAY EVENING UNTIL 10 P. M.
A SPECIAL OFFERING "
...... or ......
M
WHITE BATISTE
ENVELOPE CHEMISE
Well Made, Full Cut, Lace Trimmed, Embroidered and Tailorv
ed Models—Originally Sold at $1.50 and $2.00.
Special Sale Price $1.00
A Special Lot Of
CORSETS
" Various Styles
$1.00 to $3.95
Values from $1.50 to $6.50
Have You Seen Our
New Line of
BRASSIERES
Special Sale
49c, 59c, 79c
Values 750 to $1.25
75333333“afi‘21l°.. 59c
12-Button Gloves . . $1.00
CHILDREN’S HOSE ‘
Black, Brown, White, Gray,
Pongee and Tan -
49c
LADIES’ LISLE HOSE
49c 59c 75c.
T
WOOL SPORT
'HOSIERY .
Plain and Heather Mixtures
‘ 89c
Values $1.00 and $1.25
SILK & WOOL ‘
to what can be,
HOSIERY
Reduced to $1.49,.
Values $1.05 to $2.00
PURE, THREAD SILK
- HOSIERY "
Special Price '. . $1.25.
Value 01.65—Blnck Only
PURETHREAD SILK -
HOSIERY , .
Pull Fashioned, All Leading
Shades
$2.00
Broken Lots of-
. ' CARTER’S
UNDERWEAR
Greatly Reduced . ,.
coming school term Norwslk school
Ject or English composition. They Miss Anna Bugamwsk,
which both pupils and faculty appre-
is temporarily teaching“ commercial There was no Januarv
FRIDAY, FEBRUARY 2, 1923
_ ' fl » . a .
. , , F J .
. News: and Notes Of the Schools ...... ...-.. .... ...... .. ..
’ V _ . . so interested tn something” .that it's . . . 1-48~
' . hard to express one'a thoughts in Miss Mary smear-1h}.
With the excitement at prom-luau , Knudsen School. polished Elisha}. . . . . 3:15:33}. gli‘fied the 5.}, ,
week. there-arranging or schedules The Board of Education has pre- - room was
taunt rnes Miss Edith Lewis. formerly teacher star. S
and D as can or study for the canted «the school with a Vietrola. or the fifth grade in'Rowayton School. . . .
pupils. their teachers and principals clate very much. A rrlend, who pre- . pro“ .
have been unusually busy. . tors to be anonymous. has contributed “ubiects in Center Junior 3181;)8chool. because in schools where ”ASH-it
, . . ‘5 worth'ot' records which include Mtss- Dufault. a student in artme two grades in a room lhe ~ e are
In some districts. on attendance not
up to the usual mark of excellence ’ r '
has been reported. due to the number
or children who have had severe colds.
Normal School is taking charge or
Miss Lewis' clam at Rowayton. Miss
Lewis. who was popular with her nu-
pils and associates in Rowayton. to
making many friends in her new post-
t'airy tales. folk dances and matches.
, Supervisor 1)
Mrs. Gertrude Oberlander. teacher school last “Jrgafr
or the first. grade. has been absent
promotion is not carried “Film:
0 o a M
can visited t‘-.
In 81'!on or ”“5“.- " - this week. Mrs. Waters has been act-
'_ " i ’ ' . in: as Substitute. “on o o o 3‘. Bags]: 3:5; ::IESTS ”MELT
s ' L PAGE . . . I No epidemics of la grippe, measles ITOKIO Feb ”fi- 13%
News 0! local schools ll published . \Vest Nocwalk School. or severe cglda are repor'fed in R0- Slipported' by “80;: ‘.'-'.d:st Mean,
2:0: :1qu 311° 3:1?”an 8°13" u' “\y shouldn't boys learn to sew as Wayton School. ' Attendance records newspaper-g, have 512;.‘26 tearing
clpal. 1110:1011”th dry.“ “zucwg? 1131“,; well as their-atetern? W'hy should are boosting tnfld or fluctuating. patgn against the goreriiéflqnaflfam'
notes which “to 3“: to contribute Girls expect to have a. monopoly on : send a diplomatic roprow;~?-;‘:\.:n!°
to th‘. column aI‘e requested to see the gentle art of sewing a fine seam? The 50-foot sailing yacht that to the Vatican.‘ More than gains... to
that they reach the Sentinel offices b ‘ Mrs. Lawrence; principal of West property of Herbert thlmont. pt'ln- have organized an ass'l'r‘iatiolfnm'
6 O'clock Thursday ltternoon Y Nor-walk School, will instruct a sew- cipat or Rowayton School. has been ry on the Campaign_ .. .0 Car,
. . ‘. ‘ _ In: class for boys und sins of grades frozen in the ice at Five Mile River
' ’ 5 and 6. The class commences with a where it has been anchored. School HOWE “F“?
W. ”I. “I“ to print any news °t 1118111139?!th of 15. The first lessons children skate around the boat, rest- ‘ ASC 191,59 OF of“
schools. Although it may seem trivial will include rudiments of sewing such ing on flood make it their especial Almost eve ‘ £5301“.
to a. teacher or- pupil to report some 3' basting, 1391111118. backstitchlng. charge to see that the boat is not America can ryr mar.- ar, ; wc ..a: in
special contest going on in the class cross stitching. making French knots harmed in any way. Their reward— recipes or our-9:333: :he was:
room or to send tn a copy of a. class
or school program to be given. Sen-
Mlso Lillian Hewitt.
teacher. visited the sc‘vxol
She gave red stars to grades 4, 5 and
6 for
were awarded on the basin of
writing in spelling books. To win a.
star. each class must have at least.
75 per cent.
although they don't think about that
mothers ror th
—wlll be many pleasant sailing trips e "9
and buttonhollng.
. I
and they were wandergJ-vv
tomcsso, Andrew Bruttomesso, Spenc-
er Couta, VVilll‘am Geddea. Russell
Holt_ Arthur Joseph. John Rocko-
vunsky. Stanley Rogowskl, Irene ()v-
erthrow, Irving Geddes. Arthur Nor-
man. Joseph Nicastro. Ruth Crittim.
lugene “'iamiewaakl. Harry Combls.
Blanche K010: and William Bogu .
the writing
recently.
Their principal, Herbert Willmont.
takes Just as much interest in the
good times of his pupils as they do
themselvei. bt‘ being a. srrrrtcious
man. he helps them put‘their run to
practical use. Since the recent craze
for speartng eels began the boys have
been making this their favorite sub-V
creased to such an on.” .-
dreds of tons of rotts an: ‘
now used annuaiiy in 1:5 K.
It has recently born rirw :
out of every ..
have been lat—nopfitid by iY< ,jn
is a marvclous rumm f. y a...
lcine to hold—Adv, ‘
excellence in writing. Stars
the
] i‘-!i \x'.’ :11, .«
w
-—-—-————-——————-——-—-————————————
FULL SIZE BED SHEETS, Only a limited number left
Demonstration Of MINERVA YARNS —— Free Instruction;
BOSTON STORE‘
Gotham ‘
Massive
Gotham
Gold Stripe
Hosiery, NORWAL‘K‘S BilSlEST Hosiery
s
Tomorrow—The Last Day.
Of Our - January Clearance Sale
' We have just received another shipment of women’s
DRESSES WHICH GO ON SALE at $4.95
CORNER.
T-O-M-O-R-R-O~VV
All sizes and colors —- Every Dress worth at Ieae‘ $10.00
Tricolette, Poirét Twill and
Serge
D‘REsasES
$10.00
Carlton Crepe
DRESSES
Values to $25
$16.50
Our Complete Stock of
FURS
On sale at
JANUARY CLEARANCE
of Women’s and Misses
COATS
. Children’s _
C O A T S
One-Third Off
One-Third Off
. —
NOW IS THE TIME TO LAY IN A YEAR’S SUPPLY OF DOMESTICS
il'l wm! Bill NOW!
The market has advanced on these advertised items. Now is the time to buy and save money i
#4
. $10.00 .
and up
EVERY COAT IN STOCK 'MUST
BE SOLD REGARDLESS OF COST
v
’ THE FAMOUS HARVARD SHEETS AND CASES
SH EET 22:33 ::: :3; 33:33:21 $1333|CASES, 45x38 1-2 49c ea.
69¢ each
‘ PILLOW CASES I can a 515.1.) PILLOWS , 36-h. PERCALES APRON GINGHAMS
at”... 22c camcmslos ..a 15c r ..... 121/2c
OUTING FLANNEL ,
no value. 10 c
...-uno-oissoo.
yard
WEI-'1' CRASH TOWELING
:90 value. 21 c
'ru'd ............'...
TABLE DAMAS‘
75c value ..........49C
' iii-nu metic- bleached.
76% BEDMBLANKETS
...‘°°.‘:...."“”. $7.98
BED BLANKETS Full Size
$2.79 - $3.98 - $4.98
CROCHET BED SPREADS
Full ciao .......... $2.98 .
PLAID BLANKET
Full size. 86 value. $4.69
pair . . ...... . .
COTTON BATTS
s-lb.. 72st size. - $1.111
81.75 value . . . .
ENGLISH NAINSOOK
"332??? .‘.'. ('1‘?- $ 1.2§
CRASH TOWELING
19c value
.... ........'.,...'121/2c
gunned. 1? .
sac value ........ 49C
SATIN BED SPREADS
NWT??? $3.98. '
widened. stomped.
“3%....s....;.....15c.
1
25¢
Sboivaluo ...........
SALE * ENDS SATURDAY A :AT‘: 6 P- - M-
. m m , lflcLlSJMLONGCLO’n-l PUSSECREPE _ TABLE. ”Arms
,‘ :::.vuuon ......... 216 piece $1.69 Bex‘gualttv..a:c.values. 23c ”a°&.Z-”.“.°.‘........ $1.52
DRESS GlNGl-IAMS BUCK TOWELS my“ 31 ANKETS TR, AVEI INC BLANKETS
...... -...-...._ $3.98 ......- $3.93
tlnel readers do not consider it unim- Attendpnce records of this school with their friend Mr. Willmont. this able too. Every ran t“
:30an From the tiniest tot in the have been lowered by the recent spring. away m the attic m fro Were 22:»!
kindergarten to the oldest senior in epidemic ofjneasleg. _ O O 0 - nyroyal catnip “affix"? N.
High School. the School Column has a o o o wuuupsuk. School Notes rue. etc'. for trea'tirk ,5; ,“I'm’vi
place for theslnterosil of every read- Bownytan'School. Attendance for January was 79 during the winter-{mo lU‘ “I“? 5.27:;
er. teccher,‘parent. pupil‘ and princl- “Can u Catch an Ell?” Or- do you per cent. Pupils perfect in atten‘d- lowed. In 1873 “1.1:,me ”‘1 9'-
Dal- . Just “ketch eels"? That’s what boys unce werezBectrlee Arlington. Marie \‘egetable Com'pou'nr} “T; ’f“iml
‘ ‘ ‘ . or Rowayton. School are asking one. Longobricco. Ruth Merriman. Evelyn pared from one 0‘ f T 7"-
Brooksldo School. another. Gamble. Sophie Par-ado. Harry Brut- recipes. and the drmglmj‘ffif,’ 5'9““:
l“
Norwalk Chronicler