The Hays free press. [volume] (Hays, Kan.) 1908-1924, 1917-05-12

one to put forth more effort in his
undertakings.
If your position in society is above
your neighbours some of them will I'M
derestimate your standing, but re
member their opinion is based on
jealousy
A writer in a recent exchange i'm
parts the valuable information that
we wink our eyes to nnois5eu the eye
balls, wonder where he learned so
much, he surely studied physiology in
the lower grades.
will guarantee my lice powder
for chickens to take every louise off
of little chick in one minute. Two
fifty cent boxes sent prepaid to any
express office for 81 Guaranteed
to be as represented or your money
back. The Pruitt Remedy Company,
Hays, Kansas.
If you are in the market for farm
loan, and it is money you want to
save, see u.s. A dollar saved is a dol
Bank. Phone At. Miller Brothers,
Hays, Kansas.
The Business Situation Reviewed.
The international commerce if the
world is moving along, almost ignOr-
ing undersea boat activities. In fact,
if submarines were utterly unknown
to commerce, the volume of shipping
could be little greater than it is at
the present time. This is seen only
in the small percentage of vessels tor
pedoed, but is told to import and ex-
port figures of the various countries
engaged in international trade. For
example, the official figures just Civ
en- out at Washington show that Unit
ed States exports for the month of
March amounted to $551, 278, 1928,
compared with $467, 683, 406 for Feb
ruary and $613, 555, 693, for, January
which was record month. United
States imports for March amounted
to-S270, 484,000, a new high record
for the period. Unrestricted subma-
rine warfare went into effect on Feb
ruary 1. There was falling off in
international commerce for that
month, but the loss was largely made
up in March. Canada's foreign trade
for the fiscal year ended March 81,
increased 00,000,0O0 over the prev
ious twelve months.
The millions of tonnage sunk by
submarines since the war began COM
prise a matter not to be lightly dis
posed of, but up to date the German
submarine activities have been far
from successful in accomplishing the
object in view. It is believed, too
that with the protection now afforded
merchant vessels, and the determine
ton of the Allies upon more vigorous
action against the submarines, there
will be an increase in international
commerce from now on. This trend
will be accelerated by the large mum
Der of new merchant vessels now I'm
der construction, and it is expected
that trade among nations in the fU
ture will reach a volume never beforE
attained. A large amount of stee
will be required by all nations to re
place ships that have been destroyed
since the war began. High price o.
steel products have restrained mucl
construction work which must be un
dertaken some time. There, will ais
be an urgent demand for the meta
for rebuilding purposes Throughout
the devasted districts of Europe. Cop
per and other commodities used Il
the industries will be likewise requiT
ed. The conclusion to be drawn
that commerce will be greatly quick
ened, instead of diminished, whel
peace is established.
A temporary restraint has been fel
in general business, by reason of tn
United States war preparations an
the prevailing. belief that it is tn
duty of the people to economic. TIL
+ proposed Government bond issue Ia
served to check the current trad
somewhat, and new financial under
takings on the part of corporation
have been suspended for the time bt
ing. 1t is believed to be only tempo
rary conditions, due to q desire c
business men to get their bearing
rather to any feeling of timidity.
would seem impossible for induStri;
activity to slow down to any extern
= in view of the immense demand fC
war supplies, and the probability
that IN a very short time busine;
p will again be moving forward 4;
high- speed. Confidence has bee
strengthened in the lsat few day
and the outlook is on the whole chez
full.
The quarterly statement of ear
ings issued this week by the Unite
States Steel Corporation was +
markable exhibit Net earnings
SI13,121,O18 were the largest ev'
reported for three months, and We
at the annual rate of $72 q share {
the common stock. The extra div
dend of three per cent, which was d
clared, was warranted IN the cIrcuT
stances The large disbursement
following as it did the various increa
eS N the wages of employees, was
dicative OF the confidence of the {
Teetors Ia the future OF the industr
4I-Chriseiau Science Monitor.