The evening world. Newspaper, April 6, 1920, Page 15

| 4 PRODUCTION COST AND TAXES, BOTH HIGH, DO NOT INTERFERE WITH PROFITS OF RETAILERS May Department Stores Co. During War Years Not Only Has Boosted Dividends but Piled Up $90 Per Share Surplus. { With the cost of shoes and. other necessities mounting higher and ‘higher cightecn months after the armistice was declared, TA Evening i World today continycs a survey of the increased profits of corporations | Gnpoged in the maxufacturing and handling of clothing and food, ’ The attention of Attorney Generat Palmer especially is called to The Evening World's articies. MAY DEPARTMENT STORES Persons who entertain the belief that profits of department stores and othér retaliers must be seriously hurt by the record high prices manufac- turers of mecessities are now charging for their output will have ample cause for hastily revising their opin counts of the May Department Atores. Binge big corporations inaugurated & vigorous campaign of price raising the May Department Stores Company haa not only offset higher gost ef the soeds they resell, plus a biswer pay- Tell and big Government taxes but | ‘haa expanded profits to such an ex- ‘tent that it not only has bean abje to Gradually (ncrease tts dividend pay- ments but in addition pile @ surplus equal to more than $90 for each share of commen stock. The May Department Stores is one of the jargest concerns of its kind in the equntry, ond to-day its sajes to customers are running at the rate of ‘@mproximatety $50,000,000. The amount Of gbleg in its fiscal year ended Jan. BL fast. are not yet available, but in the 19 fecal year they crammed the §41,- 000,000 mark and showed an increase of more thap 62 per cent. over che 1916 Nigga) year. But thia large increase in sales ty pc | igehingl when compared with the sion in profits after deducting | ing cost and other expenses, It ig) found thet while sales during this) period expanded 62 per cent. protits | rege from $1,925,104 to $5,028,439, or 166 per cent ‘The contrast. between growth in sales and growth in profits from 1916 to the end of the 1920 fiscal year cannot be made for the reagan that sales for the latter period are not ‘ailable. But profits for Jast year 9 Knowg and they show an inerease | of 86 per gent. over 1919, and an in-) crease of not less than 307 per cent. over 1916, when the public first be- gan to feel the pinch of rising prices ter necempities. ‘The company’s official figures make| it possible to gain a fairly accurate] joea of how much of this increase in| profits ia attributable to price ad-/ vanoes. It # found that after paying the higher prices charged by manu- tacturerg the company in its 1919 figea} year made a profit of 12.9 cente| on each @olar ef sales compared with 7.6 cents in 1916, ‘The effect of increased prices ia | likewise goan in the balance available '. for common dividends. Back in 1915 the company earned $5.74 for each common share, In its last fiacal year | it. earned $24.93 for each common) share, i In 1915 the company was paying{ dividends at the rate of $2 per share | annually, but in the following year / they ware raised to $5 per share and) im May famt were again raised to $6; ner share annually. The expansion in profits, the mar- gin of profft on each dollar of busi- nees and ¢he balance available fo dividends gaay be graphically shown by the fellewing tabulation i] Fecal yr, Ratio of Earaed pn | ; nC 1920 $7,848,104 19 6,028,439 122 1918 4,277,948 12.9 1917 3,446,088 ng 1 2,187,065 93 H 1916 1,026,104 74 6.74" During the past three years the | company has set aside for the pay- ment of Mederal taxes more than $5,000,000 gnd has ect aside $1,260,000 as a reserve against depreciation, yet despite these deductions surplus earnings sese from $5,169,706 to $18,678,361, @ jump of 163 per cent. Officers af May Department Stores are David May, Chairman of the Board, M, J. May, President; Moses Shoenberg, Louis D, Beaumont, Her- man August N, L. Danby and Thomas May, Vice Presidents; 8. B. Butler, Secretary, and 8, M. Schoen- berg, Treasurer. It seems amall wonder in View @f thie record that public eom- plaint against the injustice er prices now being charged for ne- cessitias should continue te grow. Sele a Trial Aileced Werser Vaces Breekiyn. Acting Captain of Detectives John Sullivan and Detective Michae] Ward of the Fourth Avenue Station, Brooklyn, returned to-day with Floyd Bennett of No, 838 43d Street, Brooklyn, Who is under indictment on a charge of forgery. He was arrested in San Francisco on complaint @f the Mechanics Bank of Bay Ridge. New Rule om ca The Weatern Union Tele pany announces that pore ph Com- or bual- me | ness cggamunications may now be nodiea, telegraphic transfers of to Ow m points. hie privit \ enjayed in mani between places in the United | staves ion after examining the income ac- DETECTIVES JAILED . ADMITTING THEFT Acting Gergeants, Posing As Revenue Agents, Attempted to Extort $500—Await Sentence. Joseph Sweetman of ‘No. 828 Hart Street, Brooklyn, and Joseph Gardner ot No, 83 East 165th Street, Manhat- tan, both acting Detective Sergeants attached to the 17th Precinct, to-day leaded guilty before County Judge May in Brooklyn to petty Jareeny. Beth were remanded to jail te await sentence. The maximum penalty is three years in prison. This makes seven members of the New York police farce muccessfully prosecuted by Digtriet Attorney Lewis af Brooklyn in a year, Sweetman and Gardnar were in- dicted for attempting to e@btain 9600 from Benjamin Friedman of New Canaan, Conn, Vinsent Clank of Greaqwich, Conn., and Jacob Feld- man of No. 8? Third Street, Brook- lyn. Friedman and Clark were on their way to Connecticut with a quantity of liquor when they were stoPped by Mweetman ano Gardner, who posed as Woderal Revenue agents. They gocompanied the two mepn to Feldman's home where the aly lesed offer to seule was made, Un- der pretense of goife out for the money Mrs. Feldman notified the United States Marshal. When abe returned it-was changed.the «money was paid to Sweotman. Gardner had laft the house, When Sweetman de- pated Marshal Power arrested ‘him. Gardner was arrested later. ee | SHIP LINE “AD” MISLEADING. Kerr Company Says Hamburg Line | In Agent Only- ‘The Hamburg-Ameriean Line has ad- vertised in Hangs. » German nautical publication, two freight services as its Lerniouee Hamburg and named as its iehips the Kermanshah, Kermoor, Ker- ’, Keresan, Kerowlee and Keresui former Aystrian vessels which were ac- quired by the Kerr Steamship Company and placed under the American fing, ‘The Kerr Company isthe concer that has sought to get Shipping Board ves- sels to place on former Hamburg-Amer- ican trade routes. The company is part of the American Ship and Commerce Corporation, of which Gen. G. W. Goethals is Pragident and Capt. Kermit Rageeyelt ta Boovetnare A . Kerr, President of the steame snip, company, haa cabled burr to word “ads” that ¢he burg Peiricas tan ta axent only THE EVENING WORLD, TUE SDAY, BONUS GETS A JOLT WITH WOOD'S DEFEAT IN MICHIGAN FIGHT (Continued From First Page.) without a doubt, at this writing in favor of granting a bonus. Much of the time of the Senate yesterday was taken up with a discussion of military affairs, Leaders of the Republican majority in Congress have about come te the conclusion that if they pass @ bill to pay the veterans of the bho oad e bonus the President will vet All thei¢ prognosticatio: n0- ciated with the political results of lenislation benefiting 5,000,000 voters have been clouded by the primaries. Peliticians te jeoking at af: ndpeint that jibes with their understanding. Gen. Wood is a military candigate. If the Republicans of Mighigan turn down @ military eandidate in favor ef Hiram Johnson, the sig- nal will come to the practical politisians that this country is at war only when it is fighting; and this despite the fact that Hiram Johnsen represents the redness ide, of the late Col. Roosevelt. Thera hag not been much doubt in Cangreas it what the President would de about 4 bill to distribute a couple of billion dollars among the veterans of the World War. It was assumed that he would veto the bill. Even go, the position of the practical politicians would remain, tw their way of thinking, unassailable, They would be able te say: “We wanted to treat the boys right, but the President wouldn't allow it.” Possibly because Gen, Wood is 6 Major Genera} in the army, even though he doas not wear the uniform while he is campaigning, the prac- tical politicians have associated his showing of strongth in the campaign preliminaries with support of the veterans of the war against Germany. A smash at the polls against Gen. Wood, and it dogs nat need to he a decisive smash, is more or less proof ta the politicians that the men of the United States who wore the khaki will pot present the solid front at tho polls that they presented on the Marne, in the Solssong sector, Against the Hindenburg Line in Mlan- ders, on the plaing Chalons, over the Great of Gt. Minlal.gnd im the Argonne 8, In Washington yesterday rain came horizontally on the wings of a gale, clouds rolled away and the sun cast long shadows in the late afternoon. More clouds assembled at dusk and out of them deseended sheets of snow, and through the night newly planted flowers shrivelled in the brutal caress of blighting frost, and song birds ruffled their feathers against the | stinging reminders of @ winter that | refuses to die, The vagaries of polities are no less capricious than those of the weather. a os Bx-Benator The RIVERHEAD, L, of former State | Thomas of Gi lai ‘Left 85,000. . April 6.—The will Senator Ralph OD mas Was prominent in State politics for, ma served on the Blate ‘Ts i until January, 1919. He died nuddenty after a nervous breakdown six months ago. ————— Immigration Bills Te Be Examined. More than 200 immigration bills now | being considered by Congress will be examined to-morrow at a National Immigration Conference at. the Engi- veering Societias Muiiding, No. 29 West 9th y conference ig expect- Sa. to welest certain bills and parte of bills and recommend their enactment ALOs 135 Pe > os Dosis AC Mothers Know Tha Know That Genuine Castoria CHAIRMAN HAYS, IN ‘PINCHBACK’ COAT, LOSES A SUPPORTER Woman Editor and Stanch Repub- lican Balks at a “Skinny” in Skimpy Clothes, WASHINGTON, April 6. | HAIRMAN WILL HAYS'S “pinchback” goat has lost him at feagt one supporter. Mrs. Anna F. Murphy of Home- stead, Pa., who is known up the Monongahela Valley gs something of a Republican politician end Thirty Years [. For Over weekly newspaper publisher, is in ‘Washington, and she bas lot it be known that after an interview with Mr. Hays at the Republican rs in New York her faith in his ability to pull the party out of the glough of de- spondency has been somewhat shaken. | Here's her story of hor impres- { sions: | “I went to seo Mr. Hays at his New York headquarters,” eald Mrs. Murphy. “They were geome headquarters tao, Mr. Hayw’s sec- retary came out and said Mr, Hays was busy or something, end I would have to wait. Well, I wait- ed for a while and then I waited some more. I saw first one’man and then another go into the pri- vate offlee, but I sat there, I was GUll waiting when a yo tallow with a cigarette hanging from hig mouth and g pipchback suit and his hat on the side of his head end sort of “skinny” came in. I looked him over and said to myself,,“My, isn’t it funny what kind of fellows they let come into places like this, You'd think only men would get in to see the National Chairman of the Republiean Party. Old tim- ere like, not boys.’ I was just sit- there with my head op the back of the chair thinkin’ about that, and wonderin’ about it, and a messenger came and said { gould see Mr. Hays, So I went in, and blest if that Pinchback fellow wasn't Chair- Tan Hays himself. I was so dumn- founded I didn't know what to Bay. I just stood there and looked at him: They will have to eend for Holes Penrose if they expect 4 win.” POWDER IN SHOES AS WELL AS GUNS Foot=Easo to Be Addod t ux Aided. we | at Port ayn ‘Under the above heading the Dato Pres Press, among other th phyet Lane ony, is tat soldiers w! ‘ere in good condition ean mene fk and faster than soliiers who have cornea and bunions ineaged in rawhide.” Tye Pluttsburg Camp Manual advises menintraining to shake FootwEsse in | thoir shoes each morning. ‘There is no foot comforter orel & to | Allen's Foot+Ease, the antiseptic, healin poyiler to be shaken intotlie ehioes and | Ring peetprntiner, » for hot, Ci aching, Ing, smarting, swollen, , tandes feck, corns, bunions, blisters oF eallouses, What woulda’ ‘you give to be | Felieved of one days pain of your eorns | gp bunions? Hero ia relief for every | dry. You won't realize this until you | havetried Allen's Foot—Lase yourself, | You simply forget all about your feet | they are made so comfortable, Ask | your ila oor foulry for @ package of | BASTORIN (224 ) | We feet very pro cals TODAY and TOMOMKOW Want btu A You run m of these, diamondy, ffer the. following dia- AGUTIE ERESONS AMOND U'sties Es seu TABLISHED 187@ cea ante Player Piano and Phonograph Section Open Every Evening Until 9 o'Clock APRIL 6, 1920. Gimbels Colossal April Sale of New Player Pianos and Phonographs $1,200,000 Worth of Guaranteed Instruments Offered. Prices That Dwarf Values of Any Sale We Have Seen Year Ahead Planning and Foresighted Merchandising Made Possible This Offer of $500,000 Worth of 88-Note ewl920Stock Player Pianos WARRANTED FOR TEN YEARS 5425 A Saving of Almost a Third An exact picture of the piano appears herewith—and since what you are to get is the first consideration — know that these are all NEW; that not one has been shown in advance of this sale ( at a price almost one-third higher); that they are perfect in tone, finish, construction and case design, The Specifications: A Case of cross banded ve- neered mahogany. 8 of genuine ivory. Pedals that are ease itself in operation. Tone that is sweet, resonant, perfect in richness and sing- ing quality. Player-actién built by the same factory as the piano (not assembled) and warranted for 10 years. Trans ge device enabling the player, by a turn of a thumbscrew, to change to five different keys. And the whole player piano built in a factory of many years’ standing Surely, then, there need a direct saving of practically certain that be no waste of time in 93 1-3%—a price so low no more can be had at a6 at it just about covers so low a price, as pro- coming to Gimbels resent cost of making, duction ue . eighth floor to-morrow When cartage and inc ready. exceeding. this for the purchase of one dental charges that go retail price—and the of these splendid play. to fix a cost price have demand is even greater ers. Not alone is the been added. And now than in * 1919 , (the instrument one of qual- js the time to buy a gpéatest year in the ity—but the price brings player piano. It {8 music industry). These conveniences in addition: —Liberal allowance on your old piano if you have one you wish to exchange. Two whole years in which to pay for the player. Player bench or chair to match included at the price. —Delivery to your house without Additional charge. —The opportunity of selecting up to $50 worth of music rolls, which may be charged at the time piano is purchased. —Music Salons open evenings until 9 o'clock, if you can not get here in the daytime. —Salesman ready to call and give you details if unable to get here. (Mail coupon adjoining.) New Model Conreid Phonographs Factory Close-Out to Be Sold at About Present Cost All Ready for $ Instant Delivery Specifications Cabinet— 45") inches high, genuine mahogany panels, in dividual beaded motor board, beaded crown, beaded free end doors. Interior of the rat trap construction, sta: tionary shelves. Finish—Brown mahogany. Motor— Double spring worm driven; four to five 10 inch record capacity to one wind- . ing; frame and bottom of cast iron; absolutely noise Jess; can be wound while playing. Turn Table—i2-inch stamped absolutely true running turn table; all exposed parts heav- ily nickel plated Tone Arm Universal type, plays all records on the mar ket. Possessen patent rights for controlling the weight of the sound box, for playing hill and dale or lateral cut records. Centres at either angle. Heavily nickel plated The machine has a Tone Modi constructed all fier scientif All eee wooden y~~COUPON Gimbel Brothers, Music Salons, Bard & B'way, New York City Send me details of your great April Sale of Player Pianos, Name .... Street and Number.... City and State. . B W—i—o The Music Kighth Floor Brooklyn, Long Island and New Jersey Customers Gimbels Salons The factory that produces our Conreid phonographs brought out a new model for 1920, After producing 1,000 of them they found that the production cost was too great and discontinued the manue facture of the model, closing them out to us at a sacrifice. We, in turn, sacrifice practically all profit for the start of this A pril event and offer the entire lot at $65—the lowest price at ich a phonograph of quality has ever been sold. The instrument is in a size equivalent to those which are featured hereabout at twa and three times the price, Every one is new and perfect, None has ever been shown before, Salons open evenings until 9 o'clock. At > AMonth If you cannot call, mail the coupon TWO WHOLE YEARS TO PAY ‘Gimbels same generous credit plan has been extended to patrons of the April Sale. Two whole years to pay for your instru- ment—though delivery is at once, The price includes a player beneh or chair to match your piano. Gimbel service for one year. Delivery to your home without charge. You may select up to $50 worth of player rolls (your own selection from our great stock) and have themy charged “to your account on a con- venient term basis at the same time the player piano is purchased. De entiret stock is here-ready for immediate delivery. Musi¢ COUPON Gimbel Brothers, Music Salons, 83rd & B'way, New York City. Send me details of yoursgreat April Sale of Conreid Phonogeaphs. Street and Number for details of City and State. this sale. ect to Gimbels via Tubes and Su