Iola Daily Register And Evening News from Iola, Kansas on December 26, 1911 · Page 5
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Iola Daily Register And Evening News from Iola, Kansas · Page 5

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Iola, Kansas
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Tuesday, December 26, 1911
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Page 5
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.-1. PET BOT SOUND JAUUABT VITIDEUDS WItL EX CEED 2M XILLION D0LEAB8. Bat It Is Xot ExpccU^ That Mich ot Tbh Mill Be B».ln., N«« York, Dec. 23.—Holiday quhst .oviribaipwi the stock market. This la the^ period for closing accounta, stock taUng and other operations Incidental .to the close oC the year Aalde from activities connected -with the holiday trade It Is apt to be one of the dullest periods of the year. In the stock market proi>er it is usually a time vhen every effort is made to anticipate the effect of January dis- banements. This year these are es- tiinihted at over 1220 000,000. The question arises will the usual propQC- tlOA of this sum come into Wall Street for permanent investment? Thert ti aope reason to expect that It will not. The main reason is the high cos^'-of IlTing for all classes. \\'bether this be due to high prices, to extravagance or to higher standards of living matters little. People are certftlnly' saving less, and as all new capital must come from the nation's savings ft follows tliit there will be a smaller proportion applicable for investment purposes than usual. Another ele- meot in the business situation is that the high cost of living comi>els investors to seek and Insist ujwn the largest returns possible on investments. The; same tendency towards better returns arises from another rection—namely, that a reduction in tfie supply of new capital will oblige those who want it to i>ay higher rates. In short, as a result of existing conditions, capital is going to command better wages just as labor has alreadj- succeeded in doing. What the effect of this will be upon the financial situation remains to be reen. It is well known that our large railro.id corporations have special needs for new capital next year and lo find buyers It is evident that they will either have to place them at coniparat.vely low prices or else pay somewhat better rates of interest. In all probability the present year will be a record- breaking one In the Issue of new .securities owing to the exceptionally hea^T outi)ut during the first half of the year. During the tnsi six month.s the issues have been held back IM'- vause of ailverse conditions. Should the inveMmenl outlonk luromn more favorable. It Is quite Ilki'Iy th/u ihoro will be a flood of new offt'rinf;!!. TIIP reiiulrements of our railrnnd systems to oieet the pressing demiitMl f<ir better terminal facilities In bur great -Cities are sure to be cxceptltmally heavy. Doubtless there Is an abundance of capital awaiting investment particularly if confidence becomes more firmly established, but between the necessity of raising much new capital and the insistence of investors upon profitable returns it is a problem whether there Is much chance for any prolonged rise In values. Should the market be pushed much higher it would materially check this demand. General business is quiet. Conditions, however appear sound. There is not so much complaint about the volume of business as> about profits. - In the interior a rather more cheerful tone prevails and bankers at the West anticipate a moderate, but not verj- SKATING RINK Tuesday, Thursday and Saturday Evenings at 7 o'clock, and Saturday afternoon. Etrnluft lOr Skiitcs lie Afternoons fic Skates lOe THE lOlA PAILY REGISTEI^ TUESDAY EVENING. DECEMBER 26, 1911 trade reflects this condition and con- mand for American steel products still continuing a marked feature. Our own iron trade continues active and there are no signs of abatement. Big oi^rs for rails are coming In, and our car shops are overcrowded with orders. Prices are slightly firmer and about SOTc of the total capacity is fully employed. Those best Informed predict continued improvement in the Iron trade, the railroads from sheer necessity being hea\-y buyers. ' Concerning the Immediate future of the market, we would advise caution. In the^ active stocks there has now been an average rise since the low point of last September of about 10 points and considerably more in a number of the specialties. During the week there have been signs of realizing, and.it must not be overloote- ed that stocks have been passing from strong into weaker hands. Facts of some significance regarding the own- iership of our principal railroads and industrials have been published this week. They showed that 234 railroad and industrial concerns with a combined capital of $10.7000.000 000 were owned by about 980.000 stockholders, their average holdings being about 109 shares. The significant feature of this .'Statement, however was that on an inc-pa!:e of only l\i'^'c in capital re- j)orted there was an increase of 7'^ in the number of stockholders. This rap!:l increase in the pcrcentaige of owners compared with the small per- centa.'ip of increase in capital sug- •.jp-ff a. wider distribution of s-ecurl- t.ps amt ng the public than has Ijeen pen'ra'.'y supposed. In !-ot:ie respects it is desirable that tl ;e;e holdings be more widely scatiored but the stock market is apt t« t ;ikc the view that speculative investments are piissitiK into weaker hands. HfC.VRY CLKWS. pronounced improvement. U must be remembered that last year was not a season of big crops. On the contrary, the total jield was slightly below the average. There was one striking exception. The South produced a crop of cotton far beyond expectations and much too large for current requirements. Some authorities estimate the yield at fully 2,000,000 bales more than can be possibly consumed. The result is an abnormally low price for cotton. Of course, there will be a sharp curUilment in acreage during the coming spring, and the cotton left over must be carried either by the erower, manufacturer or speculator to"make good any possible deficiency next ivear. The low price of cotton is naturally a serious disappointment to the South. The losses from this cause however, are evidently being exaggerated and according to the report of the Department of Agriculture will not aggregate much over $l.=i0.- 000,000 compared with last year. That crop, however, was a record one In value, and this year's crop In value will probably be much above the aver age. So all stories of southern losses and cotirpc;''.*'"t agitations should be received with fonesponding reserve. The money situation Is reasonably satlsfactor)-. Some slight stringency 'Tjiay develop towards the close of the year but this .will be only lemporarj-. Funds will very soon be coming back more freely from the Interior and con siderable American money is still' era- ployed In Europe, where It can be recalled when necesary. The situation abroad Is generally satiafaclory. Trade is more activ* in both England and Germany and this in time should help the United States. Our export tinnes active, with the foreign de- "Best on Earth" —This is-the verdict of U. J. Howell. Tracy O.. who bought Foley's Honey and Tar Compound for bis wife. "Her case was the worst I have ever seen, and looked like a sure case of consumption. Her lunga were sore and she coughed almost Incessantly and her voice was hoarse and weak. Foley's lloncy and Tar Compound brought relief at once and less than three bottles effected a complete cure." .1. D. Mundls & Co. The Thanks of the rhri!<tlan Chnrrh. lola Kas.. Dec. 20 1911. Iota Daily ni >g!>ter. ny order of the Bnard, officially acting in behalf of the Christian church of lola, Kansas, 1 am directed to inform you that the church returns ihcir heartfelt thanks and best wishes for the favors shown us during the Revival Meeting held in the rink some weeks past. .Again thanking you one and all. we remain as ever-. THE CHHISTIAX CHURCH. Orvin C. Waite. Clerk. —You will find that druggists every where speas well of Chamberlain's Couph Remedy. They know from long experience in the sale of It that in cases of coughs and colds it can always be deepnded upon, and that 1^ i: pleasant and safe to take. For saleibj bll dealers.. CRESCE.M VALLEY. Decernber 22.—Mr. Foster and family of lola, have moved on the place racated by R. J. Stewart. .1. K. Simmons butchered Tuesday. The M. B. S. met with Mrs. .1. C. Dornbergh Thursday evening. Lesson was conducted by the teacher after which dainty refreshments were .••erved. The ladies presented Mrs. Dornbergh with a nice down comfort. In return she presented each with a Christmas bos. The next meeting will be held with Mrs. Willenburg. Mr. and Mrs. Wheeler, of Piqua, and .Mr. and Mrs. Alderson and Gladys of ola were guests at R. li. Wilson's Sun day. .Mis. Dornbergh Is suffering with dropsy again. Mr. and Mr.'. Lumrey and children called on Mrs. /.i:.-.r.ii Sunday evening. Dora Endlcott was the g\iest of Gladys and Irene WriRht Sunday. TTIIta the Comlnft of Middle .\se —There is a letting down In the physical forces often shown In annoy Ing and painful kidney and bladder all ments and urinary irregularities. Foley's Kidney Pills are a splendid regulating and strengthening medicine at such a time. Try them. J. D. Mundi« & Co. Dr. Pierce's Favorite Prescription Is Die beet oi all medicioes for the care of diseases, disordcfs and weelcnesKS peculiar to women. It is the oolr prepaimtion of its Icinid devised by a regularly ^mdu- «tad pbysiaan—on cxperienoed and skilled specUist in diiciww of womcc It M • amSe aBcdielac iasty condiCios of tl:c systcei. THE ONE BEMEP.Y Triucb cootaias no •Icofaol Mid M iajoiious fa«t>it -!o7CD>ii$ drui<3 and wLIcb cr—tg» M crmwtil ''or such stzzecionU. THE ONE KF.MTJ>Y SO Cood 'Jat ii3 rsatfcts MM 'not mtrmii-.to print 1 :3 every ia£redieat ao «feh oatnde bottle-iKrrrzpyer otl^Bt to tiio of tho staae =iidcr oath. J*." s ^d bjr medicins dealer everywhere, and ncy dealir who hasn't it -wn »** Doo't take a substitute of mLaown conuwitioo for this fflcdrcine 07 nwwj* ooimamoM. No oounterfeit is os goo.1 cs tlic mcvne and the daifiiA **p says soMcdun^ dse is "put -f good as Ur.-Pierce's" ta eietwr oistalut: y * *9 decdv* TOO lorlri* cvrti «etfiih bene6t. Such o laaa is aot to bo ' '*I> Hia ia triflaaf vritk Tocr most prioetes* poacewica—yoor liepith— M TOW l»e itself. See tkei ym frt e*at >«K a%k fr. \ HEW yORK STORE~\ :IN OUR: Ready - to 4 Wear Department Begins Tomorrow, Wednesday Our Great January Clearing Sale will begin tomorrow, Wednesday—just one week ahead of the calendar—with the great^t vdue in Women's Wearing Apparel, Millinery, etc., thkt we have ever offered. Our entire stock has been subjected to the most severe price reductions Clearing Sale ladies' and Misses' Suits. Any Suit in the House WiU Be Sold at Half Price! Our Serges, Cheviots, Brqadcloths and Scotch Mixtures—plain tailored and trimmed styles—snug-fitting skirts with normal or high waist line. Colors, blue, black, amethyst, brown, tan and grey mixtures. Size 14 to 46 bust. Nothing held in reserve. One-half Price for Any Suit in the House! Clearing Sale ladies' & Misses' Fancy Coats In this assortment you will find many nobby Coats of medium and lighter weight materials that are just right for milder weather and for late wear in the spring. Polo Coats in white, red and navv, formerly $18.00; now $10.00 Reversible Coats, formerly $18.00.. .$10.00 Fancy Mixtures, formerly $15.00..... .$,7.50 Fancy Mixtures in grey, formerly $10.$5.00 Six handsome satin and broadcloth reversible Coats for afternoon and evening wear; formerly $30.00; now $15.00 Clearing Sale of Caraculs, Velvets and Plushes. $15.00 (5araculs, now .$8.98 $18.00 Caraculs, now.. $12.00 $20.00 Sealettes,jiow $15.00 $50.00 Velour Coats, now $35.00 $30.00 Sealettes, now $20.00 $30.00 Velvets, now $20.00 We have one very handsome full length Marmot Fur Coats—original price $100— and we will accept any reasonable offer for this beautiful garment. bearing Sale of Children's Coats • All sizes—6 to 14 years. Children's Caracul Coats— ' formerly $6.50; now /.. .$5.00 ; Children's Plush Coats- formerly $6.98; now ,.. .$5.00 : Children's Cloth Coats- formerly $4.98; now •.. .$3.50 Children's Cloth Coats— ' formerly $5.75; now $4.50 Children's Cloth Coats- formerly $6.98; now ,...$5.00 Children's Cloth Coats- formeriy $7.50; now $5.98 Children's Cloth Coats- formerly .$8.98: now $6.98 Clearing Sale of Children's Wash Dresses. Age 4 to 14 Years. 50 Wash Dresses, formerly 75c 59c 35 Wash Dresses, formerly 98c 75c 125 Wash Dresses, were $1.25.$1.50... .98c 90 Wash Dresses, were $1.75-$1.98.. .$1.25 See South Window Display. Clearing Sale Furs One-fourth and one-third; off on our entire stock of Furs! QearingSaleWom^ en's Black Coati Three hundred Coats to be closed out regardless of former prices or even cost. In this lot is also included a big number of Black Coats for large v^omen, bust 42 to-54. Women's Black Coats— formerly $7.50; now $5.00 Women's BlacJ^ Coats— formerly $12.50; now ........... $7.98 Women's Black Coats— formerly $15.00; now $8.98 Women's Black Coats— formerly $18.00; now $12.98 Women's Black Coats— formerly $27.50; now $18.00 Women's Black Coats— formerly $30.00; now' $20.00 Clearmg Sale of Women's and Misses' SUrts. AU New 1911 Models Skirts of French serges, fancy stripes, grey mixtures and voiles, Panamas and, a few brilliantines—^former price $6.50, $7.50, $7.98—in this big sale, choice....... .$4.98 Women's $5.98 Skirts reduced to...-. .$4JiO Women's $12.50 Skirts reduced to... .$7.50; Women's $10.00 Skirts reduced to... .$6.50 Women's $15.00 Skirts reduced to.. .$10.00 :! Clearing Sale of Choice of any Hat in our Millineiy De^ partment at just. ONE-HALF PRICE We have 18 Children's Coats, ages 2, 4, 6, 8 and 10 years, values up to $6.50; and 10 Rain Capes with hoods, values up to $3.98, which we shall place ^-t PA g^^gjlm on sale for ONE HOUR ONLY, from 3 to 4. Wednesday.. ^l ^tfV t^StCli 1 Brjin^ the Kiddies! NEW ^1 i I

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