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Newspaper Page Text
UNITED STATES MAY ADOPT
1 LCVff Tv'
This combination blanket and
overcoat was designed by Bennett
Russell of Middleport, 0., who has
'submitted it to the war department
for adoption. For an army of 500,
000, Russell says, it -would save the
government $3,750,000. An army
overcoat costs $9.02, he says, while
the' blanket-overcoat would cost
WHAT THE CITY COUNCIL DID
Endorsed universal military train
ing. Refused to endorse resolution to
ask congress in case of war to con
script all incomes of citizens of more
than $100,000 a year.
Refused to endorse city manager
Endorsed bill to give Chicago
home rule on all liquor questions.
' Delayed $1,000,000 from vehicle
tax, except $100,000 for oiling
Passed ordinance requiring clean
ing of roofs.
Referred to finance committee the
plan to give Harvey city water.
Declined to interfere with two
Delayed action on $880,000 break
water for municipal pier.
Fixed Oct 15 as tag day for chil
Passed ordinance requiring cutting
of weeds that induce hay fever.
Made Santa Fe fruit terminal or- j
dinance special order of business for
Blocked effort to give political
team owners more pay.
Adjourned until Wednesday.
PACKERS WALLOW IN GOLD AS A
HOG DQES IN MIRE
New York, March 29. Swift & Co.,
Chicago packers, is believed to be
contemplating the cutting of a melon
in the way.of another stock dividend.
It is said that Swift & Co.'s earn
ing for the year will be more than
$30 a share, even better than a year
ago. It is understood that, the com
pany has a surplus of $50,000,000.
The price of the stock has advanced
$7 to $151 a share in a few days.
If there is a melon it is believed it
will be in the nature of a stock divi
dend, which would have the effect of
in future apparently reducing the
enormous dividends of the company,
since there would then be more stock
to divide the profits on.
' In event of the United States en- -gaging
in hostilities the profits of
the Chicago packing houses will ex
perience a large and immediate in
crease, for the government would
need a great quantity of canned
goods. There is a feeling, though,
that the government would not per
mit the packers to boost prices be
yond reason, to either the public or
the government, simply because the
military welfare of this country put
the packers in a position where they
could wring more profits by boosting
The Wilson & Co. stock reached a
new high record yesterday, advanc
ing ,$6 a share to l&V.