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The day book. (Chicago, Ill.) 1911-1917, March 29, 1917, LAST EDITION, Image 8

Image and text provided by University of Illinois at Urbana-Champaign Library, Urbana, IL

Persistent link: http://chroniclingamerica.loc.gov/lccn/sn83045487/1917-03-29/ed-2/seq-8/

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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.

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