THE CORDOVA DAILY TIMES
Entered at the Pv>stoffice at Cordova,
Alaska, as second-class matter.
H. G. STEEL
EDITOR AND PROPRIETOR
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FRIDAY, SEPTEMBER 19, 1919
PRICE STABILIZATION SEEMS TO
BE APPROACHING
Due to the continued operation of
the factors which resulted in the
present high prices, stabilization of
prices at new levels is approaching,
is the opinion expressed by the Na
tional Bank of Commerce in New
York in its market letter in the Sep
tember issue of the bank magazine,
Commerce Monthly. The bank says:
“It is the conviction of the business
world that high, or at least rising
prices, are evidences of a satisfactory
situation. This conviction has a
basis in fact, in that high or rising
prices stimulate increased produc
tive and commercial activity. Our
high prices are unquestionably the
product of a world-wide curtailment
of production and increase of con
sumption, as a result of the war, of
those goods necessary to a peace-time
life; of an increase in the circulating
medium and an expansion of credit
which the conflict through which the
world has just passed rendered inev
itable; and of the increased margins
of profit deemed necessary to meet
the risks involved in a period of ris
ing prices. The era of extravagance
which has followed the restrictions
of war has also been a factor in rais
ing prices. Then the buying public
seems not only willing but anxious
to purchase, regardless of cost, prices
respond as a result of what appears
to be a shortage of stocks when meas
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til ' ' I KJ J Vi V H 1 (1 11 .
“Even though actual hostilities are
now ten months behind us, the causes
which have resulted in present prices
are largely operative and it seems
likely that stabilization at a new
price level is approaching.
“In periods of rapidly-rising prices,
the commercial and financial activity
resulting is likely to increase out of
proportion to the growth in produc
tive activity on which it must ulti
mately lie based. Although the ac
tual physical adjustment of American
production to post-war demands has
been more rapid than the most opti
mistic. could have hoped, production
has not yet expanded to what must
be its normal post-war level.
“Prosperity has but one possible
basis. That basis is production. Vol
ume of business in tons and dozens
and bales is its true measure. There
is now no fundamental reason to de
ter production, and not until it has
increased to its new peace-time pro
portions can we rest in the assurance
that as far as its effects on our eco
nomic life are concerned, the war has
passed into history. To this end,
ever*’ man and woman industrially or
commercially employed must produce
tc capacity. Not only is production
essential, but capital must be accum
ulated at a rate rapid enough to off
set the destruction which took place
during five years. The consuming
public must recognize that it cannot
continue indefinitely the scale of ex
penditure which followed as a reac
tion from the self-denial of war, but
that thrift for personal benefit is as
essential as thrift for one’s country.
When every individual capable of
gainful employment is producing to
capacity and spending conservatively,
our economic adjustment will be com
plete.”
The steady expansion of productive
activities during the month justifies
continued confidence in a gradual re
turn to normal conditions, Commerce
Monthly says. In regard to the agri
cultural situation it says:
“While the crop outlook is not as
good as it was six weeks ago, there
has been a tendency seriously to over
emphasize the unfavorable aspects of
the situation. The forecast for a
wrheat crop of 940,000,000 bushels is
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still well over the estimate for the
same date a year ago, and while the
corn crop estimate is below that for
1918, it is still a large yield, 2,788,
000,000 bushels. Oats will probably
even yet be near an average yield.
The cotton crop will be short, but
this fact must be considered in rela
tion to the large carry-over. Sum
marizing the entire agricultural situa
tion, it is satisfactory and not only
will the buying power of the agricul
tural districts be ample but they will
also have a surplus for investment.”
WiQkersham’s absence from Wash
ington did not hurt the chances of the
railroad bill a bit, remarks the Ju
neau Empire.
* 1
SHORTA OF FUEL
CAUSES INCONVENIENCE
TO GERMAN RAILWAYS
BERLIN, Aug. 23 (by mail).—Herr
Beser, the Prussian railway minister,
in a statement to the members of the
Berlin chamber of commerce, paints
a gloomy picture of affairs on the
state railways. Every day, he said, a
subsidy of 10,000,000 marks is re
quired from the treasury. Passenger
traffic at present amounts to only
15 per cent of normal, he said, and
express service has dropped to 4 per
cent. Higher tariffs for goods and
passengers are believed inevitable.
The continuous strike and coal
shortage are responsible for these
conditions, according to the minister,
who says that apart from the severe
traffic restrictions which have already
been enforced, very far-reaching stip
ulations for the winter are unavoida
ble and the German coal industry
must be put on a new footing. If
possible, the use of coal in its pres
ent form, whereby the greater part of
the heating units pass up the chim
ney, must be prohibited by law.
Owing to the shortage of fuel, Ger
man industries, it is said, are also
interfered with, because they are un
able to keep promises regarding
time of delivery. Private locomotive
enterprises, the official declares, are
doing even worse than the state ser
vices. If possible, he adds, the
water-ways must be employed for pur
poses of transportation.
ISLAND JURIST HAS
UNIQUE METHOD OF
SNARING GAMBLERS
HONOLULU, T. H., Aug. 6 (Corres
pondence of Associated Press).—
Newsparer advertising has found a
new field in Honolulu. Paid publicity
has been recruited as an aid to the
foes of lawlessness. Judge William
H. Heen, who recently took office as
city and county attorney, is buying
space in the local dailies to further
his campaign against gambling.
The following classified advertise
ment has appeared:
“Wanted—Any information against
professional gamblers, owners of
gambling joints and che-fa bankers.
Such information will be treated con
dentially and, if reliable, will be paid
for. Section 4182, R. L. 1915, pro
vides that persons participating in
gambling games cannot be prosecuted
if used as witnesses. Win. H. Heen,
city and county attorney.”
Judge Heen became a candidate
for city and county attorney while
on the federal bench here and m»de
professional gambling the issue of
the campaign. Orientals, it is said,
are very fond of gambling and so con
duct their games that detection and
successful prosecution is difficult.
SPANISH MATADORS
RECEIVE HIGH VVAGhb
MADRID, Spain, Aug. 21 (by rfiail).
—Jose Gomez, one of the most widely
known professional matadors, has
signed a contract with the owners of
a bull ring at Lima, Peru, in which
it is agreed that he shall receive
about $600 for each exhibition if he
kills six bulls, and a minimum of
about $280 if he kills only two
bulls. The contract anticipates six
exhibitions at Lima, which, it is
stated, will probably mean more than
$4,000 for Gomez, said to be a record
prize for a matador.
Arrived Last Boat
CHILDREN’S STOCKINGS
Plain, three pairs for $1.00
Drummer Boy, 50c
LADIES'—Silk, 50c and 75c
LADIES’—Plain, 3 for $1.00
Children’s Dresses, $2.00 up.
Tablecloths on sale yet.
THE REGENT
(MRS. JOHN NELSON)
Across St. from Modern Laundry
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'IF”11™^^ ..
| H DOUGHERTY’S @ |.
| Popular Coats and Dolmans j
at Reduced Prices
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| Some of the models embody the elegance required in wraps for occasional |
| evening wear of ceremonial importance and the practicability of every-day 1
1 garments which carry themselves from collar to hem with splendid grace 1
j WOMEN’S COATS AND DOLMANS |
1 ®}ue Dolman, fancy lining.$70.00 Value $40.00
p Blue Tricotine Dolman, tan lining. 60.00 ” 35.00
1 Henna Velour Dolman, fancy lining. 60.00 ” 35.00 I
| Henna Velour Dolman, half lined... 42.50 ” 30.00 |
Navy Blue Dolman . . 30.00 ” 20.00
§ Navy Blue Worsted Coat, Fur Collar..... 40.00 ” 30.00 1
I £ray ^Xed Tweed Coat. 25.00 ” 13.50 1
■ Gray Mixed Tweed Coat...... 27.50 ” 18.75
1. 25 PER CENT OFF ON # I
| _ ALL SUITS m I
| MISSES’ COATS AND CAPES li 1
| Old Rose Tan Trimmed Coat... .$35.00 Value $17.50 feSP |
H Tan Cheviot f-length Coat..'. 34.00 ” 16.75 i' I
I Navy Blue Serge Cape.. 20.00 ” 13.75 j 1
■ Green Mixed Suiting Coat. 18.00 ” 12.75 If |
k Navy Blue Serge Cape... 18.00 ” 12 75 ^ '--iLf
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| Why experiment? Buy a Gage I
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g ——— — - ■■■■■■■■. - —— —— , §n
| Phone 107 Or MAIL YOUR ORDERS —- Phone 107 B
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~ NORTHERN MEAT MARKET
WHOLESALE AND RETAIL DEALERS IN
Fresh Beef, Pork, Veal, Mutton
and Provisions
Particular Attention and Prompt Service Given to Orders from
Mining Camps, Roadhouses anj interior Points. Halibut and other
Fresh Fish of all kinds will be kept In stock when available.
SMITH & GLASSBRENNER, Props.
STEAM HEAT ELECTRIC LIGHTS
Overland! otel
MRS. J. W. KENNEDY ,
Chitina, Alaska
POOL TABLE IN CONNECTION
BGE8T BRANDS OF CIGARS KEPT
ALASKA HERRING & IMPORTING Co. Inc.
Pier C, Foot of Main St. Seattle, Wash.
Wholesale Receivers and Distributors of all kinds of Salt Fish
Write us and let us know what you have to offer
CITY BAKERY LUNCH ROOM
Special Carefully-Prepared Lunch served from 11:30 a. m. Our Fine
French Rolls with every meal
Big Variety of Pastries and Cakes, Always Fresh
Sanitary Machinery of Latest Model. Patent Brick Oven. Best Ma
terials used by Expert Workmen, producing our Famous Cream Loaf
Best Coffee in Town
French Bread Rye Bread
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FOR SALE
FOR SALE
Choice business and residence
property.
FOR RENT—
Furnished and unfurnished
apartments and cottages.
INSURANCE—
Fire and marine, life and ac
cident.
BONDS
Fidelity and surety.
CORDOVA ABSTRACT &
REALTY COMPANY
ROOM 1 ADAMS BUILDING
The Burkhardt !
Hand Laundry
and Bath
Burkhardt Flats
Neatly Fitted up with Large
Porcelain Tubs. Everything
Clean and Sanitary.
Phone 61—three rings.
TOKENS OF RESPECT
A well conducted funeral Is a
token of respect to the deceased.
Our methods of conducting a
funeral have given us an oppor
tunity to serve you In a manner
that will command respect. We
are equipped to serve you satis
factorily.
K. E. HOLDEN PABLOS
Second Street, between
A and B Avenues