The Birmingham age-herald. [volume], April 20, 1913, Page 7, Image 7

About The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950

Image provided by: University of Alabama Libraries, Tuscaloosa, AL

                
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BETTER BARGAINS
Investors Under Impression
They Should Have Higher
Rates of Interest
*
TRADING IS STILL
OF LIGHT VOLUME
Wall Street Not Yet Entirely Satisfied
as to How Strong the Kadical
Progressives in Congress
Will Prove
Hjr W. O. NICHOLAS
New York, April 19.—(Special) —
Semi-demoralization In the bond market
has affected eentlment In stocks as well
and there has been no spirit to the buy
Sing of junior securities. Investors who
Shave for years been satisfied with 4
iper cent and 414 per cent on their solid
(investments have become filled with
the Idea that they must have 5 per cent
or better. This has led to wholesale
liquidation of bonds and a sharp de
cline In prices. Old bonds as well as
new are a drug.
Banks and brokerage houses are full
of this class of merchandise and can
only dispose of supplies on hand at
sharp concessions In prices. This makes
. it almost impossible l’or corporations to
?■borrow new money without paying high
! lor it. These conditions havo made a
! [lull situation still more pronounced.
Everybody has goods for sale and the
public Is holding oft stubbornly. It is
not that men with surplus capital have
lost entire confidence in the future, but
great numbers of people believe that
by watting they will be able to obtain
better bargains. There Is not as much
nervousness observable as there was a
while ago, but the Impulse to keep the
money In the bank Instead of turning
It Into securities is strikingly mani
fest. "Weakness” Is hardly the term to
apply In describing the market. It is
1 more of a "waiting” attitude on the
part of those who have the money to'
invest, than fear that the country is on
the verge to another business depres
sion.
Trading of Light Volume
As a result of this unsatisfactory
state of mind, trading has continued to
be of light volume. The market has
been for some time in the hands of the
professionals and “fraction chasers”
who rarely take a fixed position, but
are satisfied with the daily fluctua
tions, provided they can Inject a little
life into the play. Even this element
grumbles at the narrow margins they
have to clean up their daily profits.
Advices from Washington are con
strued unfavorably to the business in
terests. The outiook at the national
capitol Is not as clear us it might be.
The actual strength of the Insurgents
in the majority party has not yet been
determined and cannot be until discus
sion of revision is transferred from the
House to the Senate. The fact that the
administration policy has triumphed In
the lower branch of Congress by no
means settles the question. The hope
is in Wall street that it may be settled
in a manner that will impart a degree
of permanency to business conditions
and give the industrial, commercial and
financial world solid ground upon
which to make plans for the future.
By the term “future” is meant a
long term of years of freedom from
political interference. Business men are
even more desirous of this than the
President, who is on record repeatedly
as anxious for continued peace among
all classes of the population. It is felt
that a fhir tariff revision will do this.
The Washington uncertainty is at pres
ent one of the most important feaures
In Wall street, although it may not be
discussed as generally as its actual lead
in material affairs would justify.
A reduction of the discount rate of
the bank of England from 5 per cent
to 4 V& per cent is construed as a signal
for the general easing down of money
throughout the.world. Hates have been
held tenaciously at the higher levels
for Inonths, to the discouragement of
business and speculation. Although the
readjustment of investments in bonds
and other high priced securities has
caused a disturbance in that quarter, it
does not indicate weakness, and that
fact is generally understood and appre
ciated. Industrial activity has abated
somewhat in lines which are certain
to be affected by tariff revision, but that
has been partly discounted, as a de->
velopment under the head of Inevitable.
Steel is one of the things that is just
now under the hammer. Price de
clines have not been important, but a
general falling off in new orders is re
ported from many of the steel cen
ters. Much is being made of this fact
by the bear element, but* as the bears
are not aggressive at this juncture, Its
influence does not go down deep.
Hard to Get New Capital
Railroads are bavins a hard time
making arrangements for new capital.
Mr. James J. Hill voices the views of
other dictators of railroad management
PARIS ^
garters
No mefal
can touc
Your dealer may try to persuade
you that some other garters that he sells are
“as good as1*
PARIS GARTERS
You’ll find a few dealers who will say that
sort of thing for a small extra profit.
Find one who looks out for your profit as
well as his- Paris Gartej* pay both of you.
A. Stein & Company, Makers _ Chicago and New York
MILLIONS PRAISE DOCTORS OF HOT
SPRINGS, ARK., FOR LIVER REMEDY
Everybody Can Now Have Perfect Working Liver and Bowels
Will Always Be in Fine Condition
Y\ hen most of the celebrated physi
cians at Hot Springs, Ark., instead of
writing a prescription for liver trouble
and constipation simply say: "Go to
your nearest drug store and get a box
of HOT SPRINGS LIVER BUTTONS,"
are ypu going to waste your time on
Calomel or experiment with harsh and
violent cathartics?
Not when right here in Birmingham
your druggist is ready and willing to
supply you with those same HOT
SPRINGS LIVER BUTTONS that are
prescribed by the specialists in Hot
Springs, Ark.
They are really marvelous in their
action; so smooth, gentle and sure and
besides compelling your stubborn liver
to wake up and do its duty, they cause
S
the bowels to expel thrrpolsonous waste
matter that often stays In the bowels
so long that it becomes decomposed;
causes germs to spring Into life and
get into the blood.
Hand your druggist 25 cents today
and ask for a box of HOT SPRINGS
LIVER BUTTONS. Use them to reg,
ulate the bowels; to tone up the liver;
(o end gas, sour stomach and Indiges
tion.
Take them and he a good Samaritan
by telling all your friends to take them
for biliousness, dizziness, headache,
nervousness, dlspondency, the blues; to
clear the complexion and to purify the
blood. No home can afford to be with
out a box. Free sample from Hot
Springs Chemical Co., Hot Springs, Ark.
The Spring Poet
Says:
T. W. Samuels Whiskey Is j
ns old
An It Is pure nnd mellow.
Drink It rourself and youH be sure
To tell the other fellow.
BOTTLED IN BOND
The Star Distillery Co.
CINCINNATI, OHIO
squ lUbiu* W-iwJS AND IMPORTING 00.,
BIRMINGHAM, ALA., Distributers.
Chicago, Indianapolis & Louisville Railway Co.
"MONON ROUTE”
Is Open For All Traffic Between Louisville, Chicago
and Michigan City and Has Been 8ince April 1
Route Care Monon and You Will Be Olad
HENRY HIDEN, Commercial Agent
that the wise course Is not to try to
lcrce mutters, but to hold off until the
Situation takes on a better color. A
discouraging feature of railroad financ
ing just now is the obstinate refusal
of politicians to recognize the merit of
the railroad claim that they are barren
from making needed improvements and
extensions by reason of the opposition
or the part of the interstate commerce
commission to granting higher freiglu
rates.
They claim that as conditions are
■now, and as they promise to be for a
long time ahead, they cannot hope to
keep up with the Increasing demands
rf traffic. They are at a loss what to
do. There seems lo be no way if
awakening the public to the facts of
the situation and dark talk is being in
dulged in of tlie alternatives of re
ceivership for ftiany of tho weaker sys
tems or government ownership. Even
the stronger roads are making stern
way in their financial department.
Stockholders are demanding mainten
ance of dividends at existing rates and
those who have the direction of the
business end of the transportation sys
tems complain they can make no pro
gressive headway, and that if'th^y can
hold their own they are doing
very well. Margins of profit are get
ting narrower and operating expenses
increasing relentlessly. It is unques
tionably a serious situation and afford*
excuse for the dismal views by Mr. Hill
and others of his class.
Stock Exchange Reform Held
The progressive element of the stock
exchange Is pluming itself on making
real headway for reforms in trading
methods which will bring back the pub
lic and once more create wide specula
tion. They have at last awakened to
the vital need of such a purification
as will restore proper confidence in the
integrity of Wall street. The present
disposition is to recognize the Justice
of the demands and to conform stock
exchange practices accordingly. This
is not a new move, however, on the part
of the exchange. It Is no novelty for
the public to become disgruntled over
what is cla&sifled as unfair treatment,
and worse, but It would appear that
Wall street lapses back into its care
less ways after every reform move
ment. It Is like a reaction in the stock
market. An unkind financial publica
tion has gone to the trouble of look
ing back into the records to find that
just 25 years ago a similar crusade of
purification was waged and a heroic
effort was made to convince the public
that it would thereafter have a square
deal. A long communication signed by
about 20 of the leading houses in Wai
street made public recognition'of the
justice of the clamor for a fair deal,
through the frequent publicity of inside
conditions of properties whose securi
ties were traded in on the stock ex
change. The public W'as being skinned
even in those 'days, along much the
same lines as now, only perhaps a little
more openly. Prophecies of future loss
of confidence and of business on the
exchange made 25 years ago came true
ir a variety of ways. An election of
officers by the New York Stock ex
change for another year takes place In
a short time. It may reveal the over
shadowing force of the progressive ele
ment in £hat body.
Want Currency Legislation
It is the hope of the financial district
thaf the W'ay will be cleared for taking
up currency reform the first thing
when Congress assembles in regular
session next December. Financiers are
deeply Impressed with the importance
of this subject and hope to be able to
educate the public to their way of
thinking, so that action may be had.
Agitation for currensy reform has
heretofore been confined to a compara
tively small element and It has been
found almost a hopeless task to get the
people as a whole interested. With
tariff out of the way. however, there
will be a free field for agitation on
the subject and something practical
may be done within the next two years,
it is President Wilson's ardent wish
that his party put Itself on record as
capable of handling the intricate propo
sition.
Prosecutions of numerous trusts no
longer engage the scared attention of
Wall street. The campaign in general
has beeome an old story, the details ol
which arouse no excitement outside of
the officials and stockholders of the
corporations directly concerned. The in
quiries which are going on in Harves
ter, Steel, anthracite coal and a dozen
other specialties occupy very little
space In the newspapers an$ are given
slight hearing. Proceedings which are
now reported appear to be largely per
functory. There m*y be a livening up
after tariff revision is off the hooks,
but for the present it might be sa d
there is “nothing doing” as an excitent.
Attorney-General McReynolds' atti
tude toward the Union Pacific-Southern
Pacific disintegration Issue continues
to be one of the disconcerting elements,
lie has given no cue whatever as to
what his position may be when a plan
is submitted w’hlch Is really worth
W'hile for him to take up. The experi
ence of his predecessor has taught him
that his safe plan will lie to leave the
trouble for the other fellow, and not to
take the initiative or act as attorney
for the litigants. To him his duty in
that regard seems plain. He has ap
parently slight ambition to be a grand
stand arbitrator in the differences of
“big business."
NO RECEIVERS FOR
BIG CORPORATION
Trenton, N. J., April 19.—Chancellor
Walker today refused to appoint re
ceivers for the Union Bag and Taper
company, a $27,000,000 corporation.
The suit was Instituted by persons
holding 6017 shares of the stock, who
alleged mismanagement of the concern’3
affairs by the directors.
Chancellor Walker said the petitioners
represented a comparatively small num
ber of the stockholders and that lrrc7
parable injury "would not follow If re
ceivers were not appointed at this time."
PARDON FOR ONE OF
THE AUTO BANDITS
Paris, April 19.—Dieudone, one of four
automobile bandits sentenced to death,
v as pardoned by President, Poincare to
day. The other three, Callemln, Sowdy
and Monler, are to be guillotined on
Tuesday.
During the trial Callemln, on bearing
the sentence of death against Dieudone,
shouted:
"My comrade Dieudone was not the as
sailant of the bank messenger, Caby. It
was I and my chief.”
Board of Education Fined
St. Louis, April 19.—Eleven members
of the St. Louis board of education were
fined $300 each today for failure to equip
three school buildings with Are escapes.
The members Signed their own bonds,
and were released pending the outcome
of appeals. It was testified that the
board of education had appropriated $230,
000 to make every school building In the
city fireproof.
Card of 'ITiaaks.
The family of A. G. Brandt expresses
their appreciation to their many friends
for flowers and other courtesies extended
during their recent bereavement.
MRS. A. G. BRANDT AND CHILDREN.
GRAND OPERA. ATLANTA,
SA.2S ROUND TRIP VIA
SOUTHERN RAILWAY.
MASONIC NOTICE
ALL MEMBERS OP BIRMINGHAM
TEMPLE LODGE AND OTHER MA
SONS ARE REQUESTED TO MEET AT
MASONIC TEMPLE TODAY AT 2l8»
O’CLOCK' P. M. TO ATTEND THE
FUNERAL OF BROTHER EVERETT
SHEPHERD. FUNERAL PROM LATE
RESIDENCE. 11$ S. KITH STREET, AT
41no P. M. INTERMENT AT OAK HILL
CEMETERY.
WALTER L. METCALFE. W. M.
WALTER K. McADORY, SECY,
A SPECIAL SALE
TOMORROW—OF SILK SUITS
At $34.95 Worth to $65
Suits made of finest quality Silk Poplins or
beautiful Moire Silk—all coats lined with
French Peau de Cygne, mostly one of a kind
garments that will give you that individuality
every good dresser demands.
Balkans, Military Coats or Tailored Coats
that are conservatively plain. The skirts to
these suits are in panel or draped effects—All
in-all this announcement carries with it the
most wonderful opportunity for you to get a
mid-summer dressy suit at the most reasonable
price you’ll ever have made for suits of equal
quality. Colors are all shades of Blue, Wistera
Browns, Pearls, Tans or Black. .
V
ATTRACTIVE
DRESSES
At Moderate Prices
SILKS, VOILES, LIN
GERIE OR LINENS
At $5.95 to $35
Dresses for calling, for evening,
dinner gowns or receptions, as
well as street dresses may be
found in this dress section to
morrow. There is not a size you
may wish for missing from this
stock.
You Would Expect to Pay $30.00 or
$35.00 for the Suits We Place
On Sale Tomorrow
At $24.95
FINELY TAILORED SUITS
Man tailored specially for this store by tlie
best makers in New York. Many of the
models are faithful copies of French de
signers. modified to please American
whims. Many of the suits are of materials
that are exclusive. Blouses, Balkan or
plain tailored coats in every wanted shade.
Sizes are in such ranges as to permit the
fitting of women of all proportions—in
cluding suits for small women, as well as
stouts.
Ladies’ Tailored Suits
In Tropical Weight Woolens
At $29.95
Comparison will prove to you that any suit
in this group represents a saving to you of
$10.00 or more. The snappiest models of
the season are to be had
FOR MAID OR MATRON
Shepherd Checks, with collars and cuffs
trimmed in Bulgarian or plain colored
satins; Balkan Blouses or plain tailored
styles. Every weave and every color that
fashion has favored may be chosen from
the group of exceptional values offered you
toomrrow for $29.95.
Saks’ Hosiery
Which means best hosiery as
only best makes find a place
in our stocks.
Phoenix Silk Hose $1
In colors to match any suit or
costume, also black or white, 4
pairs are guaranteed to wear 3
months.
ONYX, McCALLUM AND
KAYSER’S FINE SILK HOSE
White, black, tan or colors
At $1.00 a Pair#
Silk Hose 50c
In black or colors.
Women’s silk lisle hose, extra
fine quality, black, white or
tan.
Special 25c a Pair
Women’s 35c hose in tan, white
or black.
Children’s Fancy Sox
With turnover cuffs in all sizes
—a pair 25c
Boys’ and Girls’ Hose
In summer weight, ribbed lisles
—black, white or tans, all sizes,
25c a pair.
Boys’ Wash Suits
Norfolks, Russian or sailor
blouses, also beach suits, prices
$1.00 to $5.00
Fine Lace Blouses
As Well as Crepe de Chenes, Crepes
and Fancy Voiles
$3.50, $5.95, $7.50 and $9.95
Many of the models are copies of blouses
that sold in the big New York stores at
three times our price. Many novelty ef
fects are shown. Crepe de Chines with col
ored trimmings that are very effective.
Our Waist Section has the reputation of
showing the best and most up-to-date line
of Waists in Birmingham. Our line gives
you the greatest variety to choose from.
Neckwear Novelties
Saks shows first every new thing in Neck
wear. If it’s stylish you’ll find it here, and
always at popular prices. Tomorrow
25c and 50c
For Neckwear that would cost you double
in other stores.
“SAKS”
Just Received
A Full Line of the Famous Paul Jones
Balkan Middles
In all sizes for girls to 18 years. These Mid
dies made of pre-shrunk sailor drill, have col
lar and cuffs in red or Copenhagen blue; mid
dy tie of silk. Priced. ...$1.50
Campfire Girls’ Blouses
and Skirts
Khaki Blouses ... $1.00
White Blouses .. $1.50
Khaki Skirts .. $3.50
Blue Serge Skirts.$5.00
Special Sale of Infants’
Fine Caps
We place on sale tomorrow in our Infants’
Section 80 dozen fine Caps. They are in
many dainty styles, in all prices—
25c, 50c, 75c to $1.95
Children’s Pique Coats
Sizes 6 months to 3 years.
Priced $1.50, $1.95, $2.50 to $4.95
INFANTS’ LONG COATS
Cashmeres or Bedford Cord
$1.50, $1.95, $2.50, $3.50 to $6.50
■ ' ■ ■■ ■ ■ 1 - i.i - — ■ ■ i ■ ■■■■■ ' ■ ■—»——■■ ■■ ■' —« *
Come to Birmingham and shop. Reduced
fares all week on all railroads. Combine bus
iness with pleasure.
Potlatch Celebration
Ad Club and Shriners’ Carnival
“A GALA WEEK”
SERVICES AT THE CHURCHES
Eleventh avenue Methodist church, Elev
enth avenue and Twelfth street, south,
the Rev./Henry M. Stevenson, the pastor,
will fill the pulpit at both morning and
evening services. At 11 o'clock a. in. lie
will preach on “Christian Education.'
Sunday school at 9:30.
First Christian church. Fifth avenue
and Twenty-first street. Dr. I. N. fdcCash
of Cincinnati will occupy the pulpit at
both the 11 o’clock services and the af
ternoon services at t o’clock.
Simpson Methodist Episcopal church,
Seventh avenue and Twenty-ninth street.
- - . —i
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We especially want to send It to those
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• .!. |
In the morning the pastor, the Rev. W. r.
Powell will speak on ‘‘Fervency In
Prayer,” whim questions will be ans
wered at the evening service.
m
Oxnam Memorial Tabernacle, Plsgah
home, holy communion at 9 o'clock with
an address on the sacrament of the Lord's
supper. At 3 o’clock p. m. there will he
a mass meeting at which several well
known citizens of Birmingham will speak.
Dr. Oxnam will make an address on “Ac
quaintanceship with God.”
First Methodist church, Sixth avenue
and Nineteenth street, north, services
and preaching in the morning at 11
o'clock and In the evening at 7:48 o'clock.
Bishop J. II. McCoy will preach at the
morning service. Sunday school at 9:30
a. m., and the Ramsey class for men
at the same time. __
Vine street Presbyterian church, West
End, services and preaching this morning
at 11 o'clock conducted by the pastor,
the Rev, William B. Holmes. His sub
ject will be "The River of Life.” Ser
vices and preaching tonight at 8 o’clock,
with the Rev. W. C. C'larke In the pul
pit. Sunday school at 9:30 a. m.
Southstde Baptist church, Eleventh av
enue and Nineteenth street, south, ser
vices and preaching this morning at 11
o’clock and this evening at 7:45 o'clock
conducted hy the pastor, the Rev. Dr.
Blake. His morning subject will be "Go
ing Back to Bethel," and that of the
evening sermon Is to be “The Business
Life of Abraham." Sunday school at
9:30 a. m.
Highland Methodist church, services
and preaching this morning at 11 o’clock
and tonight at 7:45 o'clock. Bishop E. R.
Hendrix of Kansas City will preach at
the morning service. Bishop Hendrix is
one of the great leaders In Methodism
and is a preacher of rare ability. A large
congregation is expected to turn out to
hear him. The pastor. Dr. E. C. McVoy,
will preach at the evening service. Sun
day school at 9:30 a. m.
Norwood Methodist. services arid
preaching this morning at 11 o'clock and
tonight, at 8 o’clock. The pastor, the
Rev. S. T. Slaton, will preach at tile
morning service, his topic being "-Wisdom
the Pearl of Great Price." Dr, L. C.
Branscomb will preach at the evening
service. Sunday school at 9:30 a. rn.
Christ English Lutheran church. Fra
ternal hall, Third avenue, services and
preaching this morning at 11 o’clock and
tonight at 7:45 o’clock, conducted by the
pastor, Tho Rev. E. H. Copenhaver. His
morning subject will be "The Glorious
Gospel.'’ Sunday school at 9:30 a. m.
Pilgrim Congregational church, 723
north Nineteenth street, services and
preaching this morning at 11 o’clock, con
I ducted by the Rev. S. H. Herbert. His
i subject will be ’’Mary’s Better Part.”
Sunday school at 10 a. m.
Birmingham Cumberland Presbyterian
church, Twenty-seventh street and
Twelfth avenue, north, services and
preaching this morning at 11 o’clock ami
this evening at 7:45 o’clock, conducted
by Dr. John R. Morris and wife. Sun
day school at 9:90 a. m.
East Lake Methodist church, services
and preaching this morning at 11 o’clock
and this evening at 8 o’clock, conducted
by the pastor, the Rev. R. E. Tyler. His
subject will be "Today’s Vision and
Duty.” Sunday school at 9:30 a. m.
'Fifth avenue Presbyterian church,
Fifth avenue and Eighteenth street, ser
vices and preaching this morning at 11
o'clock and this evening at 7:45 o’clock,
conducted by the pastor, the Rev. J. M.
Broady. His morning subject will be “A
Universal Invitation,” t and that of his
evening sermon, “Vision.” Sunday
school at 9:30 a. m.
Fountain Heights Methodist, a series
of revival meetings will begin today at
II a. m. The Rev. George Stoves, pastor
Briefs Printed
At 80c Per Page
BIRMINGHAM LINOTYPE
COMPOSING CO.
170314 3d Ave. Phone 5495-M
| of the church at Bessemer will be prex
I on Monday morning and will have
i charge of the preaching hour through
the entire series. Service will begin
promptly at 10:30 a. in. and at 7:45 p. m.
A cordial invitation is hereby given
the entire community and friends of
other churches to be present. Subject
for the morning hour will be “A Pray
ing Church — the Price of Victory',” At
7:46 our theme will be, “Personal
Work.”
FiAt Church of Christ, Scientist,
Eleventh avenue and Twenty-first street,
south, services and sermon this morning
ut 11 o'clock. Tiie subject Is to be “Doc
trine of Atonement.”
Princess Theatre, 216 north Twentieth
street, Sunday, April 20, 3 p. m.. Free
lecture by Ftev. R. E. Bell. Subject,
“One’s Binding Duty.” For men and
women. Music by ladies of the Eoung
Women's Christian Association. You are
invited. V
Stephen A. Jenks Dies
Barrington, R. I., April 10.—Stephen A.
Jenks, president of several textile com- •'
panies, and son of the Inventor of the
spinning ring, which revolutionised the
industry, died here today.
Instant Relief From Eczema
You can stop that awful Itch from
eczema and other skin troubles in two
seconds.
Seems too ^ood to be true—but It is
true, and we touch for It.
.lust a few drops of the simple, cool
ing wash, the D.D.D. Prescription for
eczema, and the itch stops instantly.
W«* give you enough to prove it for 50
cents.
Now, If you have tried a greg£ many
cures for eczema and have been disap-(
pointed, do not make the mistake of
refusing to try this soothing wash. Ail
other druggists keep tills U.D.D. Pre
scription—go to them If ydu can't
come to us—but if you come to our store
we will give you the first dollar bottle
on our positive no pay guarantee, that
D.L'.D. will stop the Itch at once.
D.D.D. Soap keeps the pores healthy;
ask us about it.
Collier Drug Co.. Birmingham, and
W, p. Taylor, Druggist, Bessemer.