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Newspaper Page Text
PACKERS WALLOW IN GOLD AS A HOG DOES 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 prices. The Wilson & Co. stock reached a new high record yesterday, advanc ing $6 a share to 78y2. o o- ILLINOIS CANT GO DRY FOR AT LEAST TWO YEARS Springfield, March 29. Statewide prohibition will not be an issue in Illi nois elections for at least two years. By 80 to 67 vote he house late yesterday voted against submitting the prohibition question to a referen dum at the November, 1918, election. No further action toward a referen dum will now be possible before -the meeting of the 1919 legislature. It was a straight wet and dry vote. Three minor dry measures, the resi dence district bill, bill limiting ship ment of liquor Into dry territory, and bill ' creating dry zone around state epileptic colony at Dixon were also defeated. o o KICKS ON S. CHICAGO MARKET STANDING IDLE. On a $30,000 piece of property at 91st and Calumet river a $25,000 market was erected in 1915 through influence of labor organizations and social workers of the district. With a population of lOO.'OOO with in less than a mile and rail and wa ter connections, this structure stands unoccupied. "It is remaining idle and the city has not established a municipal mar ket there because the labor organiza tions, the women's clubs and the em ployes of the great industries out there are less influential with the city officials than the grocers, butch ers and produce men," Alderman James Lawley, chairman of commis sion which recommended building market, said yesterday. There is real need for the public market in South Chicago. It is a home-of working people. WOMAN'S CITY'CLUB FAVORS FIVE BOND ISSUES Woman's City club issued bulletin Wednesday indorsing the five bond issues to be submitted at the alder manic elections next Tuesday. Urges voters to vote "yes" on the follow ing: For shore protection and improve ment at 51st and 79th st bathing beaches, $200,000. For new building at boys' school at Gage farm, $250,000. For additional waste disposal facil ities, $1,000,000. For establishment of public com fort stations, $150,000. For additional wings at new con tagious disease hospital, $750,000. o o Fiftieth st. police moved into new and uncompleted station at 4802 Wa bash av.