South Bend News-Times, Volume 33, Number 276, South Bend, St. Joseph County, 2 October 1916 — Page 3

j THE SOUTH BEND NEWS-TIMES 5fON7VVV TTVITNTNfi, OCTOnVTC 2.

DAYS OF 1907 ARE

DUPLICATED Oil STOCK MARKET

Millions of Shares Change Hands But Buying Equals Selling and Prices . Are Steady. I'.y Henry (1cw. NT!W YORK, Oct. j. While there ;ap t-for. evidences of substantial nront-makintf by larpe interest in the financial markets this ve-k. now investment and --r'-euIati buying has been KUffifintly effective to more than maintain the stock exrhan? nrire level. On Saturday last the rales during theshort session -xreded th l.OOO.oofl-share mnrk. Monday's fall day's session contributed a total of LV.00.00 shares. To duplicate .ach f'unires we mu.'t -' back to the exciting times of 1507. They are KUjrgextive of the enthti-.-i-..m and public interest that at present a- prevailing. The main feature in the general f.nanrial situation may b consider-d to Include, (1) the impression th.it ha become so widespread that Kuropean liquidation of American surdities ha approached close to the r.nint cf completion; (2) that lh termination of the war of Europe, devo'itly as it is to desired. dos not promise to b one of the immediate probabilities; (3 the unmistakable evidence of inflation in which all our national nrtivities are so freely participating; (4) the phenomenal earnings that are appearing in the oflieial statements of o!ir great railway systems and equally jrreat imlustrial combinations; and (') the remarkable ease In the money situation and the fact that the financial requirements; for marketing the crop have leen completed for the season. ATtsorlMNl With ttise,. As to the culmination of the pelling by foreiim holders, an interesting statement compiled nnder the direction of Pres't Ixree of the I e law a re Hudson Co.. which was published early in th week, is not antagonistic to thus conclusion. Mr. Ioree rhown that there were still held abroad on July HI, 1916, American railroad securities of a par value of $1,415.62.5(52, but liavinp: a market value of only $1.1 IO,009,OOf. One year previous on July 31, 10 lf the par value of the Remrities held abroad was J 12. -L'23,510.229, showing a reduction of tnibKtantially JS00.000.O00. while romparinff "with a similar statement n January 1. 1915, the reduction U close to Sl.SüO.OOO.OOO. When we consider the larse volume of securities returned to us during the Ilalkan wars, as fell as the fact that Mr. Iyree'H compilation refers only to railroad securities and does not inclvdo industrials, it is possible to uppreciate in something like definite measure the tremendous Turner of absorption that has been displayed by American investors during the last few years. As to the Jl.lOO.ooo.OOO market value of railroad stocks and bonds yet in foreign hands, there is apt to be some misapprehension as to the volume available for further sales. In the first place Holland and other neutral countries are participating on a scale quite in keeping with conditions at home in prosperity and inflation a a direct re-j-ult of the opportunities furnished by the war. Imtch holdings are not likely to be further reduced, and

mmmmm

, ''7 Golden Sun Coffee is not rjriccvl. Our ilJily output of

thousand pounds makes It possible for us to sell this fine coffe-e at a vrry reasonable price. The 1-lb. air-ticht can with the removable top keep Ciolden Sun fullflavored and fresh until used. You always get m cle.r cup tecau?e the Golden Sun steel-cut process remove all chaff. Kemembcr Aa Premium All Coffee THE WOOLSON SPICE COMPANY Toledo Ohio

lOO YEARS AGO A century Kick houevite could not send her family washing to the iauruiry as Ac can today. In this modern a$e she need" not worry aKut that part of the housework. Her relief is offered by FAMILY WASHINGS 6c A POUND. That's the price all !la: pieces ironed. Slick's Laundry 8c Dry Cleaning Co.

Bell 117.

126 S. MAIN ST.

unless the New York stock exchange price level becomes irrestiMy attr.tctlve the holdings of American securities in other neutral countries will not Improbably be fully maintained, if indeed not substantially increased, in the near future. s:nce it would be difficult fur capitalists in those countries to find r:;ore attractive investments than American railroad securities. In addition we must not forget thvery larjre volume of mobilized American sex-uritie.s controlled by the r.ritsh traury under the deposit or loan part of its mob, ligation scheme. It will !e recalled that $1 00.0'jO.OO" of such securities were deposited as part of the $..00,COO.f'f'O collateral for the $200.000,ooo Hritish loan so recently arranged with American bankers at this center. Futur loans of a. similar character are understood to be In contemplation, to be arranged when needed. It is not unreasonable to assume that the collateral must be mite as attractive as in the transactions yet to com The British chancellor must be prepared to contlnu to include a substantial part of American .securities as the security for ensuing loans. Meanwhile, as the British treasury has merely borrowed, not purchased, the securities in question, there is slight probability of their sale. Instead they are to be tied up until after the conclusion of the wir, when they will W returned to their present owners. Hails Need Capital. If it may be accepted as conclusive that foreign selling is culminating, an important poir.t in railroad finance has t.een reached. Our Teat transportation lines are severely in need of new capital for improvements, for extensions and adequate equipment in order to place themselves in proper position to conduct their business :us common carriers. There has been no serious

attempt by them to appeal to the capital market during the period of European liquidation. Any action of this kind would obviously have been unwise since it would have meant competition- with the cream of railroad investments, such as were so distinctly the feature of foreign holdings. As matt.,-s now stand, however, if this competition for the funds of investors is ending, railroad managers will find inducement to take advantage of the Phenomenally favorable revenue statements that are Deiner presented in the annual as well as the monthly traf'ic and financial statements, liecent annual reports have shown, for instance, such magnificent results as about 11 per cent earned on the common stock of the Southern Vacific, the Atchison and the Heading roads. These fibres may be accepted as representative of the railroad business of the country. Xo Peace in Sight. Tlic .probability of the continuance of the war into 1917 removes as an immediate factor of the general market the after-war conditions which many thoughtful persons are awaiting with apprehension. A contract for nearly. 5 00,Oi'O.OOO pounds of copper, which has recently been arranged with American producers for delivery abroad during the first six months of 1917 does not tend to encourage the view that an early peace is being expected in official circles abroad. It. too, seems fair to assume that other purchases of war munitions and other war material will continue upon an equally liberal scale. They will serve to preserve the same unexampled industrial .end export activity that has heretofore resulted primarily from this source. We are now experiencing not alone a demand from foreign countries for both war and peace supplies, but we have added to that an almost equal volume of domestic purchasing power which ''ft im high - P ' -KWmany Home 5117

I New Dyestuff Census Finished

WASHINGTON. I). C. Oct. 2. American manufacturers of dyestuffs are making arrangement:! to examine the proofs of the anxiously awaited dyestuff census, which are now available at the bureau of foreign and domestic commerce. This i a detailed statistical analysis of the dyestuffs imported into this country during the year preceding th war. It has been prepared by Dr. Thomas H. Norton at the request of American dyestuff manufacturers, and contains information upon which the development of the American industry will be based. Just at quantities of each color have been used in American colorusing industries has always more or less of a mystery in this country. German exporters alone have been familiar with the situation. Without a reliable guide, domestic manufacturers would be obliged to work in the dark to a large extent, producing more than enough of one color and perhaps not nearly enough of some other shade. One great European government has undertaken a simile r census and failed. I:i addition to the complete and detailed list of all imported dyestuffr. the report contains full data on the limited domestic production prior to the detailed tables of the importati of coal-tar crudes and intermediates for the year 191314. studies of the prices of coal-tar has closely followed the free spending of the profits that have accrued o generally following the war's opportunities. Labor, never so fully and profitably employed, is buyinff luxuries and necessities at high prices. Speculators who have mode large profits are even more prolific as a spending class, while manufacturers and traders are partici pating quite fully in this active circulation of funds. This is an ecorornic feature that Is usually quite as backward in ending as it is in developing. Hence it may be considered as likely to occupy a position in market considerations for some time to come. There should, for some time, be ample funds for buying securities as well as commodities. Hank credit, too promises to occupy a similarly ample position. . Not unnaturally, such considerations as these divert attention from considerations that present themselves so clearly in a more distant view of financial prospects. Everybody knows that sooner or later a severe che.k must come, and that the war. which so completely upset conditions in this country when it began, will have an important influence when it ends. Countries that are now so freely sending us Kold will use their best efforts to secure a return of the precious metal in payment for their products that will then be delivered in competition not alone in our own country but in the export markets that we have been able to secure when belligerent countries were forced by the war to abändern ihem. There has in the last two years necessarily been a tremendous curtailment of European labor; but this is a feature that is not unlikely to be exaggerated, since recoveries from modem gun firm are sj much more general than was the case years ago. Meanwhile, we should not forget that manufacturing plants of England and Germany have not been as yet disabled by the war. As has been the case at home here, many of them have for the time been turned into arsenals. Nevertheless, they are available for prompt production as soon as the tremendous energy that is now so fiercely conducting warfare is turned to the channel of restoring the raages of war. When that period arrives American manufacturers will be called upon to face competition of an exceedingly strenuous character. At that time the demand for American made munitions will necessarily have ended. With the completion of this demand v.iil be a corresponding curtailment of the transportation demand connected with export business. The extent of this general react'onary movement is something that may not be decided on in advance in cieiinite measure. It will, howeer, be Important. Still, these are considerations for the future. The present market is one of enthusiasm, and is affording favorable opportunities for alert traders to take advantage of intelligent interpretations of day to day developments. TO VOTE ON PROHIBITION JEFI-'HKSON v-TTV. .Mo., Oct. 2. The Missouri supreme court today ordered that the proposed constitutional amendment providing for state wide prohibition be placed on the November ballot. NOT AN OIUI'.CTION. The continued advertising of a certain piece of real estate is bound to attract attention. People read and then comment, others i-ad and express their opinions freely. In the past few weeks, the Samuel Good addition located on Portage av.. has been before the reading public of South I'.end almost constantly. Hundreds have read, investigated, and many have purchased lots in this splendid addition, because, with all the publicity, that ha.s been given, there hasn't teen an objection raised. In point of location, advanta'-es and terms, this plat Mands far ahead of any other new addition now offered for sale. A small cash payment and liberal terms will enable any buyer to secure a lot in this addition with but little effort. Joseph Werwinski is in charge of the disposal of the Samuel God addition. An office is maintained on the grounds with salesman present every" afternoon and all day Sunday. The down town office is Suite 2-4-226 Farmers Trust Building. Hcth phones. Advt.

Try NEWS-TIMES Want Ads

dyes and their marks, and an exhaustive bibliography of the subject. Need Accurate Data. It L3 now generally realized that any intelligent effort to build up a comprehensive self-contained American coal-tar chemical industry must rest upon the solid foundation of accurate data concerning the Ameri-

Viva uiai i,v A u I ta&hl.Hitxl Villi . All no other way can the creators of such an industry aoid duplication, overlapping, wate, and blundering tentative struggles tc. adjust productive mechanism to a vague indefinite demand. One of the first results of the complication of this census was to show how exceedingly vague an idea of the extent to which synthetic dyes are consumed in the United States prevailed in commercial manufacturing circles. Those best informed have estimated hitherto that the annual consumption of coal-tar colors did not exceed 20,000 tons. As a matter of fact it is nearly one-half again that amount, or some 29,000 short tons. It was originally intended to distribute page proofs of the census to those most interested, but it has been found impractical to do so owing to the number of demands. There wilt, however, be an opportunity to examine the proofs at the bureau in Washington until the finished report is delivered by the printer. AT II LOW EBB Fewer Foreigners Coming Than During Any Period Since War Began. By Jonathan Winficld. WASHINGTON, Oct. 2. Immigration now is at a lower ebb than at any other period since the outbreak of the war. From Germany. Austria. Italy, England, Ireland, Scotland and the Halkan states fewer immigrants came to the United Stater this year than in any other period for the past two decades. liussia with its vast population, contributed an annual increase of about 50.000 to our population before the war. Now Russians are coming here at the rate of 5,000 a year. That proportionate decrease in the immigrant tide is largely true of other great nations. Immigrants of all nationalities.: numbering 298.820, were admitted to American ports in the 12-month period ended June HO. This was the smallest immigration movement reported by customs officials since 1S98. The average since 1905. until war was declared was 1,000,000. Immigration decreased from 1, 218,480 in 1914 to 326.700 last year. England contributed most to the influx of new-comers this year with 36,000. Other large groups were: France, 19,000; Italy, 33,000; Ireland, 20,000; Portugal. 12.000; Scotland, 13,000; Finland, 5,000; Japan. 8.000; Greece, 26,000; Mexico, 17,G00 and Spain, 9,000. Smaller Groups. Among the Balkans, Montenegro, Servia and Bulgaria were credited with 3,000. Chinese immigrants numbered 2.200; Poland. Syria. Turkev. Wales, Korea. Koumania. all figured in the incoming immigration movement in totals less than 1,000. Women now feature the incoming movement from distant lands, 116,597 being admitted in the last fiscal period. Immigration Commissioner Camlnetti is of the opinion that the percentage of female aliens coming here will be greatly increased at the close of the war. In this he shares the belief of Frederic Howe, commissioner at. Ellis Island, New York. Both agree that women will make up the bulk of new arrivals when peace is restored. In connection with the low rate of immigration. Commissioner Oaminetti pointed out today that the United States made a net pain in population of only 167,041 in the last fiscal year. Owing to the calling of reservists. 106.625 alien males departed from American ports. Women aliens departing numbered 23,140. Trades represented among last year's new-comers were: Clerks and accountants. S.Ö0O; carpenters and joiners. 5.000; mariners. 3.000; machinists. 2.000: masons. 1.400; miners. 2,400; painters. 1.000. Miscellaneous occupations listed were: Farm laborers. 26,000; common laborers. 55.000; servants. 2 9.000; farmers, 6.0O0; merchants. 7.000; tailors, 2.700; shoemakers, 1,200: seamstresses. 1,500. Men and women following the professions made up only a rc'atively small quota of immigration. About 10,000 were so listed and included among them were a lare number of teachers and engineers. Architects, actors, artists, sculptors, and musicians also were numerous. IVTCUTCHEON TO WED Cartoonist to Spend Honeymoon on Treasure Island. CHICAGO, Oct. 2. Announcement of the engagement of Miss Kvelyn Shaw of Lake Forest. III., to John T. McCutcheon cartoonist and writer, today added romance to his purchase of Salt Cay. an island in the Bahamas, which was recently announced. The honeymoon will be passed on the island, which also is known as Treasure Island. The wedding probably vOll take place before Christmas. PLV.MK S.MAZ AT VAN GOKDr.H'S. Tuesday mornin.cr. Oct. 3. $5.00 and $6.00 plumes, black. -Ahite and colors. We offer these Tuesday morning at ;:2.00 each. See display in our wüulowsk AU"L

MM T

DOOOOOOOOOOOOOOO THE STORE A

o TOMORROW, CENTENNIAL COUPON O - ,

Q 1 nousanos or new rnends will come to the Grand Leader AND TO WHAT A SURPRISE. Not just a few p n articles priced low to bring them in. but EVERYTHING in this great UNDERSELLING STORE at PRICES

o o o o o o o o o o

far BELOW any other store in the state.

Fares Refunded this week to out-of-town customers

of VISITC

g teMJl U Girls' 50c "?Q O Um'cn Suit .JL M7cs to 1(1 year, -iblwHl, fleeced faced: pecial with coupon rc O O o -I 36c Petticoats g Also gingham or llaiv nelettes lisht or dark, cut full and well made, fr with coupon HOc. C 1.50 House 96c r m. O i 1 traits at Of ßinßhams and percales, new fall styles, lllit or dark materials with coupon fHic. O G O LoAü)j-N O Wom's 75c AJ fa Gowns at . .J j Of muslin or flannel, Q cut full and well made, with tliis coupon 47c. v Dresses at 2.94 s .All wool series In ma G O O O O O O O O G o O o Ö o o o o G O G G O G G G O o G roon or blue, large patent leather lelLs, C rimmed collar and cuffs. 30 a n -' Ladies' 50c O J Silk Hose ..jC In ulack ami tan only, every one perfect; special with this coufnn :57c. o Us Infants' 2.50 Coals 1.94 Ixn or short, cac included; lino white c;i.shmeres and serge; with coupon S1.J)1. Millinery $2.50 Silk Velvet Shapes . . . . , Comjetition is worrieil verj time we advertise these s2..V() Silk Velvet Shapes at $1.2. Over 12 different styles for women and misses and elderly women; with coiiiwm $1.2. $5.00 Silk Lyon's Hat Shapes at . . $10 Trimmed Hats, now $4 Silk Velvet Shapes New Hat Trims 29c up O Infants' 50c O Flannelwear 6 J Kj O Dainty little kowtis dressing: saeque. kimf onos, petticoats, loau- ( tifully trimmed; with roujton 127c. O $1.50 Lace QA OCurJalns ... S u j -..1 WKinnlmni l:m o o 0 o G O o o o o o curtains, in new fall patterns, in white or cream. 35c Corset Covers at . 19c Embroidery riMnm V lace trimmel; extra well made; sizes to 4 4, with (ouion only 10c Ladies $3 Sweater . 1.98

1 on

2.87 V

1.50 Hand OQ Bags at 001 Wonien's leather han-d Ivas, in new spring styles, with leather

Ited or grey; all wool; large lelt ami pocket trimmel; neatly made; with coupon Sl.OK. land silk

i i. ; SPECIAL SOAP SALE NEW FALL SHOES Greatesi Ilu-gsins In Ttnrn mm Economy Cloak Dept. I ' . WIRE FENCE Economy Dept. V WARNER BROS Second Floor, 210-211 S. Mirfefw. In Oonjurctlon wttk 114 E. WaVCC St, th8Xot8t 1 USE THE NEWSTIMES WANT ADS 1

WILL

We Announce For Tomorrow Another Big Sale of SUITS, COATS, DRESSES with iwhbJtVgn WOMEN'S $16.50 FALL SUITS fi?:;h Ileantiful new Wool Serges, Whipcords some fnr triniÄfjp med, just arrived by express from .Yew York. .Yew ool4 fj lar and belted effects; full Hare cut; nf ry. tWM-mh $25 Plush 1 7 QC $15 Serge Q QC t''lS 1 COATS ..." '-33 DRESSES . . V'O ( ;vr'f :ye Heantifnl new Salt's In all wool Screes and Vo-r...sAity Plush CVxats with gnaran- Silk Tan"et;Ls pleat eil anl T.:V;:;:i tel satin liningx, some yoked effects; fur trimf:'s x ' v'if 'nr trimmet! ; all size. nie!; all sizes. feSlpii $10 FaB R 7c $20 Plush 10 -JC ki?.M COATS .... 0- 3 COATS tetfÜtii Kl4Ul Xew l Cxxt zebiline, v c. . , t l : r. . ,i - . New Silk Plush 0ats, !rvvvy,fi cheviots and fancy mixPK tnres; velvet collar trim- a,s VoIonr an1 u,o1 W'v&viy mel; all sizes. novelties; newest stylos. m&iMW rv: ::;l $10 Serge, r nr $70 (TiIM-s A fr si,k Ies . . . .5.3 cvuts 4.95 . t' . ' 1.: S2.-.00 Fall A IC Sir..) Satin n IS - -. ' Suits llresM-s m .r!'r:''...22.50prM1:,ln 2.95

$1.00 New K Corsets at . .U'UL Parisian Iuly tran); new all styles: maie of lest eoutil; ail sizs uith eoupon tiiic.

Newest 1.50

Sweaters

For men, boys or pirls, serviceable 2 - jmm ket sweaters, gray, ivd, navy; eotifton 91c

Offers Lowest Prices $5 Trimmed Hats at

Women's ami misses' leautiful trimmed hats at .$2.ST. Small siM-cial-ly millinery shops, r'nte4l millinery lept anl tJie like who have big eIens4s, must charge $."

LTV -W J v-rTETSv -

for these trimmetl hats.

New $3.50 Silk Velvet Tarns at . . $4.95 $2.49 to 98c

Child's $2 Trimmed Hats 94c Ladies' $3 Trim'ed Hats $1.89 $2 New Silk Vel. Shapes 94c

Men, Why not Use This

Men's 50c Underwear Heavy weight fleece lined shirts or drawers; all sizes pmm to t(; With J f couKn

$1.00 Dress Shirts at 67c 25c Work Si'snenders at. ,17c $2.50 Work i'ants $1.44 Men's $1.50 Sweaters. . . .95c 10c Dress Hose, pair 6c 75c Night Shirts at 43c 50c Work Shirts at 39c $1.25 Union Suits at 87c

with this 2Tc Burs'n Hose . . . . 5c Toilet Soap .... 14c 2c linings.

CENTURY AHEADQGOO

EEE

94c

Best 50c ZJri Rompers . . .3 C Gingham, chamhray or flannelette roinHrs, all sizes; witli this couon ;J7c.

in City With This 2.85 1.45

ssmszaand Save?

Boys' 75c Knick- A ers, Wool Mixture . . . C Boys' 75c Fall O J Caps, Special at . . . J J 1 Boys' $5.00 A A Fall Suits Ci.V1 Boys' 50c Shirts, Of) Blouses, Waists . . . JüC Boys' $6.00 O Q7 Winter Coats si J

Girls' 79c 1 Tc Turk n. Towels . . .02 C .Vc Wom's Cn Aprons . . 1UL Lresses at . .s

Ages (i to 1 1 year.; large fast eoVr ginuliam plaids; t beauti

ful styles; ori ."lc. witJi

DAY o o o o o o o o o o o Make this Store your Parcels checked Free and SAVE 2 3.50 1'Uid I f iJ Blankets ..1,7 O finest wxl nap lIaifeet.s, grey, tjn and fancy plaid. with coulHn at Sl.t)f. o Q Q O TT 23 $1 Sample A 4. Q Waists at . .4C pi Of voiles orgnndh-s in sJ strijHl materials or plain. Iar collars, all sizes to lt; with tuKn I 4c. O O 75c Dress A- ) Aprons at ..J sv vJ Womens lilit cr lark fl faM mhtr irtah-s, lHltcl models, full cut, witli ctnijHin .Vic. Q -SO Bed 04 p O Blankets . . .y C Pull double ImI size, CJ in white, tan, pray, s i'aney ehnHl Ninlers, - witfi ctmjMMi ilc Q 50c Bed O PillovN-s at . . J) C O I'eather lictl pillows, filled witli sanitary feathers; scial :J7c. $1 Scteen PetticoaU . .ÖÖC Made of heay bK'u-k satspn. witli dwn f:J IG Q O O O orcl flounce; with con- Q Girb'$l T n Dresse JV X O itcautiful large gingham . plaids; new fall styles; li to 11 yes; with coupon .Vic. o o o o o Q o o o o o o a o a o o Q O O O O O o o o o o M.a.H - y.ir Only $r.oo f:i-:c)Kf;r7TTi: iji:im: waists lieautiful n e w (eorgeffe ere aist.s creiM- de 2.94 meteors, taflet a wahis, flesh, white, maize, etc.; 'reid.ir Si and S." values; nil sizes, at only J?2.fl. MIW waists Ileantiful new Oiina silks xj ixl autumn styles in wtiite 94c voile waists in newi-t frilh-rt .jalKt anl I;t-e trimme! styles, at t)lc. $::.() silk waists Silk reK de bines, ;dl over Iae., xUjfi striid ''ilk; nil odors. 1.89 $2.00 Bed flfk comforts yyC I;irg size mtl comforts, sjlkoline cuvering, s.-i.nitiirj- iUou filled: -oujNin Hf)c. Child's 35c Sleepers at I'or Ikijs or girN. f gcKl beay fJaJn I tte; just the thing for thc cool njgiits; si-s 12 to H years. Ladies' 1.25 Union Suits 79c o o o o o o Tall weiglit; high or low nek; long, s!ort or ellx- sleee; aJI ies to -II; with -oi. am .l ! i , 7ScDre'g AO- Q Sacquej at . VvJi om s sütcries, niAle of fast eIr percaJe, in light and dark colors; all si7A-; uith coupJri l;Jc. o o o uu.