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This collection, digitized in collaboration with the Michigan Daily and the Board for Student Publications, contains materials that are protected by copyright law. Access to these materials is provided for non-profit educational and research purposes. If you use an item from this collection, it is your responsibility to consider the work's copyright status and obtain any required permission.

October 18, 1916 - Image 4

Resource type:
Text
Publication:
The Michigan Daily, 1916-10-18

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it nUIVIUr il
UlYOHK MARKET

Uip on all Products Because
ack of Labor; Railroad
Profits Good

of

UBMARINE ACTIVITIES F E L T
New York, Oct. 17.--The New York
ock exchange has been influenced
iring the past week almost entirely
r peace rumors and war incidents,
using the foreign situation to be-
ime threatening, but effecting the
nme prosperity little.
Weakness in the market has been
used because of the theories that
eace will slow down important in-
istries, reversing forces that have
een pushing prices to a very high
vel, while the outbreak of submarine
:tivities near the eastern coast has
vived apprehensions of difficulties
etween this country and the Central
r Allied powers. These two unfavor-
ble developments struck hard upon a
arket technically weakened by a pro-
nged rise and loaded to the breaking
Dint with big profits.
The strictly home outlook is certain-
good, as industry is active and prices
e rising, but the foreign situation,
ill the prime factor, is full of threat-
ing possibilities; besides which,
.ere is now a Presidential campaign
at is likely to grow more tense and
ritating daily.
Under such circumstances the ob-
acles to a further rise at this time
ere insuperable; and the financial
tuation has b e e n cleared and
rengthened by reaction which might
ossibly be carried still further with-
it serious injury.
The speculative spirit, on the other
and, has been aroused and many new-
-rich operators are in the market to
ke every advantage of any shift in
e financial current. A strong un-
ertone of confidence exists in the
naical district and any unfavorable

-4' 7

development will be quickly reflected
in security values.
Prices Rising
Commodity prices are still rising,
the general level being 25 to 30 per
cent higher than before the war. Cot-
ton, copper, steel, oil, rubber, sugar,
wheat, meats and all food products
are advancing, wheat and flour having
nearly doubled, and meats having riser
20 to 30 per cent since the war started.
Cotton goods are 25 to 100 per cent
higher, linens have doubled, woolens
are 50 to 70 per cent above 1914, and
carpets have risen 60 to 100 per cent.
Thus far these advances have been
more conspicuous in wholesale mark-
ets than among retailers, but eventu-
ally they will reach the latter class
and the general consumer will also
have to pay for the increased csts of
distribution arising from the scarcity
and high wages of labor.
Movement World-Wide
This upward movement is world-
wide and not confined to the United
States, the causes being numerous and
somewhat complex, and yet nearly all
of them finding their primary origin
in the war. First and most serious
is the shifting of millions of men from
productive operations to the destruc-
tive one of the war, and hence the scar-
city of labor, incalculable wastage of
life, property, and commodities.
Nothing can prevent even higher
prices while the war continues, as
production is decreasing while con-
sumption and waste are constantly in-
creasing. Governments may seek to
control speculation and distribution,
but not one is powerful enough to:
throttle the inevitable law of supply
and demand, which, owing to scarcity,'
now operates in the direction of high-
er prices. High prices are the natur-
al correction of such conditions as the
only sure way of stimulating produc-
tion. Economy, efficiency, and stop-
page of waste are equally necessary
to offset the high cost of liing.
Railroad Earnings Good
Reports for 23 important railroad
lines for the fiscal year ending June
30, show earnings of nearly 12 per
cent, compared with 7 per cent of a
year ago. This was due to the good
crops and high prices of last year
and to the industrial activity brought
about by the war; and railroad man-
agers anticipate a continuance of fav-
orable conditions for a long time to
come. The steel industry continues at
high-water mark, the monthly state-
ment of the steel corporation showing
unfilled orders on September 30. of 9,-
500,000 tons.
Our banking situation is very strong,
the Comptroller having announced that
the resources of the National banks
of the country are the largest in his-
tory, while the combined resources of
the reserve banks are now placed at
$592, 000,000. These facts strengthen-
ed the credit situation, a fact which
has an important bearing upon the
maintenance of trade activity.
hostility to Capital
We should not, however, overlook
the ultimate effect of the prevailing
hostility to capital at home which is
manifested in every possible direction,
and has been intensified rather than
moderated by present business condi-
tions. The inflation in values and con-
sequent rise in prices is in some quart-
ers foolishly attributed to capital
while railroads are still objects of
hatred by many ignorant public lead-
ers. Corporations generally are be-
ing subjected to all sorts of hostile
legislation and increased taxation
which is portentous, and though ac
cepted with little protest while pros-
perity lasts, will prove a serious burd-

en when reaction comes and unsound
conditions develop. This hostility to
capital is unreasoning, unsound, and
more injurious to those who indulge
in such prejudice than anyone else,
and if continued, will drive capital
from the country in large amounts
and check developments in home re-
sources, discourage national industry,
and tend to diminish the rewards and
opportunities for labor.
The preference of shrewd investors
for bonds and short-term obligations
over railroad stocks, the growing de-
mand for public utilities, the large
purchase of foreign bonds, and the in-
creasing interest in foreign invest-
ments have all been stimulated by this
childish opposition to capital and .to
domestic enterprise on a large scale.
This opposition born of corporation
misconduct and kept alive by preju-
dice and misguided public opinion
still continues and had much to do
with fomenting recent labor troubles.
Labor has lost recently considerable
public sympathy through bad leader-
ship, and some of its latest successes
are likely to prove a boomerang. Big
corporations long ago roused public
prejudice by abuse of power and have
paid thepenalty. Now labor is doing
likewise and gravely injuring its own
cause. The public is going to insist
that capital and labor alike show pro-
per regard for public interest, which
is supreme.

A Little Doggie
Loses HisDignity

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"Tuesday the seventeenth. I have1
been pursued, dogged, and waylaid." ;
Thus readeth the diary of Mr. Poodle
Dog.
Unsuspecting, three sorority sistersj
crossed the campus, their affectionatef
pet constituting the van guard. Thisi
was to be a big day for all concerned,;
for on this day their choice mongrel;
was to make his debut in canine so-
aciety.
All wasin readiness, all was astir.
The poodle, possessing a delusion of
grandeur, with head poised at 60 de-
grees, was "walking the dog" down
the avenue. His itch for social prom-
inence was ostensible. Bedecked in
white fuzzy fuzz, and favoring a blue
ribbon around that region which has
spelled many a man's death, he pro-
ceded, acknowledging all other kennel,
inhabitants with freezing politeness.
But lo! A great Dane, who had
been reconnoitering from the heights
of his tall walking appendages, spired
the arrogant cur. With a mighty yell
to serve as a bracer (the campus is'
dry), he swooped down upon his
aristocratic foe. Grabbing said foe by
his dainty collar, he retreated at high
speed dragging Mr. Poodle plus dignity
through every puddle accessible.
But thanks to the ribbon makers, the
collar could not withstand the strain,
and our beloved specimen of poodle-
dom was freed from the vicious in-
tentions of his captor.
'Twas a sad story, but every dog has
his day. The dog of the hour had at-
tempted to defeat the clock, with the
usual result. O Maggie, how is little
Fritzie this evening?
CARTOONIST GOLDBERG OF NEW
YORK EVENING MAIL MARRIES
New York, Oct. 17.--When Reuben
L. Goldberg, the New York Evening
Mail cartoonist whose income is said
to be $100,000 a year, turned out his
mystery cartoon "It's All Wrong, Irma,
It's All Wrong," his friends wondered
who Irma might be. Goldberg was
married here today to Miss Irma See-
man, daughter of Sigel W. Seeman, a
wholesale grocer.
Goldberg saw Miss Seeman for the
first time at a restaurant with her
parents about a year ago. It was sev-
eral months later that he met her.
Goldberg is a quiet young man, who1
does not use the expressions: "I'm
the guy," "I never thought of that,"
"It's all wrong," "Father was right,"
except in his cartoons.

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dividual stars of the company, as well
asthe organization a awhle e- BOKSW RT"090N
ceived high encomiums from the pens
of the city's leading critics.
THE a numerical strength now above WORLD FOR SALE. Sir Gil-
the century mark, a large and brilliant bert Parker. Raper and Brothers,
singing chorus and a complete grand N.Y.
opera orchestra, the San Carlo com- 'The World for Sale" is a story of
pany is complete in all its component the Northwest in the region of the
parts. Some twenty world-famous ar- Yukon. Its setting is the rough, bleak1
tists constitute the roster of principals, country which is just being touched
there being four celebrated sopranos. by a civilization which means the in-
an equal number of mezzo sopranos troduction of railway and factory.
and contraltos, four eminent tenors, The current of native life is still
four distinguished baritones and three strong, and the Indians have not en-
noted bassos. tirely lost their hold upon the country.'
Eight different grand operas are boothis atmosphere,as lived with h
- "_-- -father, Gabriel Druse, the old king of'
7 the gypsy tribes.
At the beginning of the story, this
girl Fledda, has just shot some very
I dangerous rapids alone. Throughout
r the story there is constant conflict be-
tween the old, wild instincts which are
her gypsy heritage, and the new aims
which the slowly approaching civiliza-
tion have brought into her life.
married after the customs of the race
When the gypsy to whom she was
?s when a very small child comes to
claim her, she repudiates him because
the new elments in her life outweigh-
ed her racial loyality. Again, when she
is kidnapped by this gypsy, Jethro
Fawe, and taken back to her people,'
the love of the ways of the Giori or
Christians, brings her. back to her
Giori lover, Ingolby. The end of the
story is marked by this triumph of the
powers of a new civilization over the
deep rooted racial instincts.
In the story, there are many char-
acters who serve to enrich the back-
ground against which the main action
May Buckley as tuana in the "BIra of and interest is thrown. Ingolsby, one
Paradise" at the Whitney Theater, of the main characters, typifies the
Monday, October 23 self-made captain of industry who at
the age of thirty has brought railroads
to be presented, six evenings and two and factories into a hitherto unciviliz-
matinees, and there will be four sep- ed land. The picture of the old In-
arate casts of principals heard during dian chief, still splendid in his stern-
the engagement. The matinees are o ness, is matched by the rugged old
WedesdagyandtuTrdat. r gypsy chief, Gabriel Druse. The vil-
Wednesday and Saturday. lian of the tale is Felix Marchand, a
The operas will be directed by Sig- dissolute character whose chief oc-
nor Peroni, one of Italy's celebrated cupation Is strrig up the people
maestros, and Sig. Ugo Barducci, of against Ingosby. The native element
New York' is introduced in the two old settlers,
The repertoire is: Monday, "Aida;" Jowett ond Osterhaut. Jim, Ingolsby's
Tuesday, "Rigoletto;" Wednesday mat- servant and the old negro barber,
inee, "Carmen;" Wednesday evening, furnish a touch of humor.
"Cavalleria Rusticana" and "Pagliac- There is a certain atmosphere of
ci;" Thursday, "La Gioconda;" Friday, freshness and vigor about this tale of
"Lohengrin;" Saturday matinee, "Mar- the Northwest. There is a good deal
tha;" Saturday evening, "Il Trovatore." of excellept contrast in the conflict be-
The prices will be popular in char- tween gypsy and European civiliza-
acter, no seat being higher than $2:00, tion. It is this which produces a wild
and ranging down as low as 50 cents, and barbaric touch in the otherwise
The boxes will be slightly higher. commonplace story. The situations

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and their solutions are for the most
part obvious, and the characters, es-
pecially the minor ones, very much
drawn to type. Although there is some
good description, the action of the
story is often interrupted by unneces-
sary preachings. This gives a clumsy
effect to some parts which might other-
wise be very smooth reading. The
story on the whole is a fresh and
wholesome one and is very free from
morbid elements.
"EVERY DAY WORDS AND THEIR
USES," Robert Palfrey Utter, Ph.D.,
Harper and Brothers, N. Y.
This book is intended primarily as a
guide to good diction and the correct
uses of common words and expres-
sions. It is written for the student
who is interested in the technical as-
pects of the problems of good usage,
and for the average reader who re-
quires a simple, but reliable guide in
his ordinary uses of the English
language.
There are two divisions of the sub-
ject as it is here treated. The first
part of the book, under the title of
"Guilding Principles in the Use of
Words," discusses briefly and simply
grammar, good usage, particularly in
relation to slang, precision, the meta-
phor in words, and simplicity of dic-
tion. The second division is entitled,
"Every Day Words Alphabetically Ar-
ranged." Under this heading the vari-
ous debated forms of words and ex
pressions are explained. This part of
the book is of great practical value,
for by its aid decisions upon perplex-
ing questions can be readily secured.
Mr. Utter does not assume omniscience
in matters of diction and usage. His
aim is to reflect the best judgments
which have been made, rather than to
offer opinions of his own. The pur-
pose of the book is best expressed in
the 'uthor's own words in the preface.
"It (the book) is intended to give
exactly the information most often
wanted, and to present it in compact,
accessible form, without pedantry, for-
mality, or technicality."
Woodward repairs typewriters. 9-9
A. A. Sav. Bnk. Bldg. Tel. 860-F1.
Victor Victroias and complete stock
of Records at Schaeberle & Son's, 110
South Main street. oct3tt
TPo learn Me riting w
requires olose applioatio$
A typewriter and -free
instruction boQ from
O.D.Morrill. 322 S. State,

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When you buy a
shoe you have it fitted i
and you take it because =
it looks well and feels -
comfortable.
But a careful selec-
tion of your corset is
much more important.
You must feel com-
fortable - and your
corset must form a
fashionable smooth =
base for your gown.
Back Lace Front Lace
are designed with in-
finite care for every
type of figure, and nat- -
urally the best of fa-
brics, boning and other -.
materials.is used in their _
design, for they are =
high class corsets. _
But a Redfern is not
an indulgence. It is a
healthful safeguard.
You will find it all you
expect the best corset to
be-comfortable, fash-
ionable and serviceable.
From Three Dollars Up
FOR SALE BY
?r4 c

1.

will do the rest.

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AT THE THEATERS
TODAY
Majestic-Vaude ille-
Orpheum - Victor Moore .in
"Chimmie Fadden."
Arcade - Robert Warwick in
"Friday the 13th." Mutt and
Jeff cartoon.
,' * * * * * * * * * *

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MODERN WAV
OF
EYE T EST ING

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4-
A=.

A PAIR OF QUEENS
There are more clever lines and
funny situations in one act of "A
Pair of Queens" than in all the come-
dies produced in New York or Chi-
cago the entire season. That is what
one of the foremost New York drama-
tic critics said of this farce success
which will be shown here at the Whit-
ney theater, Friday, Oct. 20.
Not only was "A Pair of Queens" a
big Broadway success, but it ran for
over twenty weeks at the Cort theater.
Chicago, where its success exceeded
any theatrical hit of the past decade
Manager Frazee has given "A Pair of
Queens" a cast and production of
Broadway caliber and it will be seen
here in practically the same condi-
tions as it appeared in the metropoli-
tan cities.
THE BIRD OF PARADISE
"The Bird of Paradise," Oliver Mor
osco's latest play of life in Hawaii,
which will be the attraction at the
Whitney Theater, Monday, October 23,
is said to possess many novel features
-in theme, locality, setting and senti-
ment. Though recommended for its
simplicity, it also has psychological
and symbolic meaning.
The clearest description of it is that
it is a fervid romance, narrating the
story of the love of an American for
a Hawaiian girl. The role of the girl
will be played by Miss May Buckley.
EXTRAORDINARY GRAND OPERA
EVENT
Perhaps the most interesting and
important musical-theatrical event of
the present season is the coming
engagement of the San Carlo Grand
Opera Company, at the Garrick The-,
ater, the week of October 23. This
famous organization of songbirds drew
immense audiences upon their first
visit to Detroit last season, and the in-

Instead of placing lens after lens in front of your eyes until you say you "think" we
have the right ones, we use an instrument known as the Skiascope, look into your
eyes, make mathematical and physical measurements and tell you the lens. s needed.
Our advanced optical methods eliminate the use of "Drops" and guess work.
Our shop facilities enables us to make your glasses to your own facial measurements.

BETTER GLASSES.

BETTER SERVICE.

LOWER COSTS.

THE

EMIL Ho ARNOLD
Optometrist - Optician
With Aronid & Co
220 5 Main St.

-1

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┬žkichigan Tire & Rubber Co.
Vulcanizing and Repairing
Accessories Tree Air
33;7 So. )!ain Street Telephone 408-j

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