OCR Interpretation


The day book. (Chicago, Ill.) 1911-1917, April 12, 1917, NOON EDITION, Image 2

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

Persistent link: http://chroniclingamerica.loc.gov/lccn/sn83045487/1917-04-12/ed-1/seq-2/

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ot Chicago set an example to their
poorer sisters today.
However, in many of the poverty
stricken homes of the city retrench
ments vere being made because of
the high price of meat, and other
foodstuffs. Suffering is especially
bitter in and around the stockyards,
where the male members of the fam
ily must compete with the Mexicans
and southern negroes for 'a living.
Both of these classes were imported
"by stockyards firms because they
work for almost nothing.
While the workers are hoping for
better wages to meet the increase in
the cost ot food, several moves were
made to stop the kiting oMiving. cost
Almost at the same moment that
Mrs. Armour was being quoted by re
porters on her advice to the poor, ber
liusband, who is the greatest trader
in grain in the world, was being in
vestigated by the federal grand jury
in connection with a plot to boost then
price of grain on the floor of the
Board of Trade.
Representatives of the Armour
Grain Co. were called to the Federal
building to testify. Pile after pile of
Board of Trade books were carted
into the grand jury rooms. The gov
ernment hopes to show that a certain
clique of food gamblers made over a
million dollars by cornering the visi
ble supply of grain and raising the
price by agreement
A suggestion from one of the
best-known food experts of the coun
try as a balk to the -ever-increasing
rise in the cost of food was given to
day. Sol Westerfeld, vice president
of the National Ass'n of Retail Gro
cers, made the following statement:
"All gambling in foodstuffs should
be prohibited and all sales on the
Board of Trade, except for actual de
livery, should be stopped and all
trading in futures should berestrict
cd if not prohibited." ,
Mr. Westerfeld also denounced
two costly department store habits.
He said the lady who runs downtown
buy a few things in loop stores and
has them sent home adds considera
bly to the cost of living. Stores
which draw trade by means of trad
ing stamps also tack thejr bit to the
price of things, -because every cent
paid for stamps must come from the
purchasers. Westerfeld says that
every bit of ground should be culti
vated this year.
Rumors of an extra dividend by
stockyards packing houses forced
the price of their stocks to jump
overnight. The packing houses have
been making more money in the past
year than ever before in their his
tory. Swift & Co.'s stock led all
others when it rose to $157 for a
share nominally worth $100. Wilson
and Cudahy were the next best bets.
Evidently the "saving" spirit has
not reached the younger set of Chi
cago's millionaires. Alter the Junior
League revel, Tuesday night, petite
society girls and sons of the city's
weatlhy hurried over to the Black
stone, whereHhey had a feed which
is said to have cost enough to sup
port a hundred poor families for a
year. But the young gentlemen
didn't feel the burden of the price be
cause membership in the Junior
League means that your father was
a "merchant prince" or some such
business men who made millions
handling some product before it got
to the consumer.
-u-
GERMANY MAKING OVERTURES
FOR PEACE WITH U. S.?
Copenhagen, April 12. Report
was current in official circles here to
day that German foreign office is
making overtures to United States,
looking toward possibility of peace
negotiations.
o ro
San Francisco. Naval authorities
warn all vessels on Pacific tox watch
for submarines ancf German raiders.
St .Louis. Socialist national con
vention voted to continue active op
position to war ,and recommended
that congress vote against all war
financing plans

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