South Bend News-Times, Volume 35, Number 286, South Bend, St. Joseph County, 13 October 1918 — Page 11

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SOUTH BEND NEWSTIMES

FINANCIALj LocalMFrisn j COMMERCIAL

OEDER YOUR w X

Notes of the Financial World

War ht'ck anil y . i c-- .stocks wert1 I ; in lemanu in yoMfnl.iy s market. The 1 i n nf distinction whb h for ; ufi'k preioU hid I . c rt ilr nvn l'f-tv--n th two !.i of r 1 r it !.- vanished. I'ciire pr'---1 j T s v.-rre for the day at l'.ist re. ardd ns a stimulant, a vie'W whi h pmtaMy will obtain wider adh-r- i fncf n th benefits of pear ' a r ' j -onsid rd. Hut th" market wns not pre'lbtlng a e-e-s.. tbn or" hftilities. m! ility. It wa;. only acting on a po.-j-The statistics al an-d in f.twr of Spel common nd Chairman Gary's forecast "f the future appeared to he rflefted in the m.irket for the stock. Th" shares were cniIertd well bought. With them I went an advance in r.othlehem Steed I n stock and other a. -.so.d.ited steel j shares. . I I As for the oil group, i! . ' l i dence of halng been somewhat j oerlone aiid prices thowe an ir- j regular tendency. Mexican Petro-j leum advanced to a new high, but j did not hold. The Fame was true v( Texas. The motor group, or rather Ieroral Motors and Studebaker, were fieely bought up. Maxwell' issues were irretrular. The ptovks of this company have not enjoyed the adance that hive characterized fleneral Motors and Studebaker. The annual meeting scheduled to be hold on n t. S has been postponed fc-r one month. According n a director the figures for the year will show much smaTIer jrofits than thr.-e recorded for the jirevious fiscal voar. In tne first six months of the fiscal period earnings .suffered. There was an announcement that over 7.r per cent of the capacity of the Studebaker corporation is employed on government work, and before the need of the year, if the war should continue, the company's entire capacity will be s.o employed. The Independent oil Mocks traded in outside the exchange have not, with the exception of Midwest Refining, shown much improvement. There Is as yet no widespread speculation In oil issues. At the annual meeting of stockholders of th" American Shipbuilding V. held at Jersey City the retiring directors were re-elected. It i estimated the 191? operating profits of the Oklahoma Producing & Refining Co. before deductions for depreciation and taxes will amount to $ 1,000.000. American Car I'oundry fo.'s earnings will break all records in curia-nt fiscal year, according to a director. Surplus income will be in : xc. ss of $3,11.742 reporte! last .eir. equal t ?:'.(. fin a share on common. While Kansas has shown .1 Mg gain in oil production during the last three years there must he some tremendously big new field discov-

Notes of Arfining Industry

AMERICAN SMI:LTIN; ANT RKFTNIXCr- No Stock Issue Til-j mg of amended articles of incurporation in state of Utah, showing) an Increase In authorised capital i stock from $ 100,000.1'ön to J 1 1 ; icoj OO. had given rie in some j uarters to erroneous belief that company propose to i-v:e r.ew stock. Company is Incorporated in the state of New Jersey and authorization was received from state about a year aRO to increa-e auihoii' .l capitalization to $ 1 l 3.o0' ."o. n cl-idir.g $:0,000,000 prn'errtal and ; ''.r..OO.C-oo common. At th.it time ! amount of common stock outstanding v.a- Increased from 5.". I.L'20.000 to $0.9:S.000. There is no inention to issue more stock. The amended arti-, 1 s were f le'd in t't.ih merely on j account of operations in that state. ANACONDA Com r o 1 w a 1 k e r ;roup Has obtained complete conti oj of Walker group of copper mir.es, Plumas copper its subsidiary, the t "opper Co. ;. hi. t hro-mh International CONSOE1DATED SMELTINd-II.Mi; mim.w; : s T rail AND Smelter received u' . to!i et ore in fre seven months of 10 1. earn pa ted sith 00,14." te-r.s in corrf spor.ding period la-t car. The July receipts ex-ec.de. 1 June by : tons. July aggregated T . 1 4 ton-. FHDEKAD MININ SMEETINCr -Hei ort -Net j :ill deductl'Ts ir'!i;di::g AND v. for depreci.l - omp.. red ' in June; in April; - of J .- tion. was ?.,... in:s xxith a net prot:t of J ," $i:,4.s7 4 in M i; ? Jrt 4.S 40 In March, and a i jo.", in Kt-bru-in.-. INSPIRATION COPPER--I-1 Sb.orta.ge peiat;on- cont.nue t.. ha mp red 1 l.eb-T result that it l'.as be i u n mre than 14 to oncentrator. w hicli r m its ent ire c ;i pa c it v Pntll labor ditb ult u tion 'v ill remain e 'c.d of '.lool.f'cl t., I '. ludmg July w age ; i pa s it s no'. 5 - ' e ll Is 1:1 de a tib- - ri on i u t sh-u t . . a Pa ay. tigu i - m ; w itli !e to f hi? h is i j t s , U orr . nt u .mpo... Irt units at t im. - of JO , .lein-, ,: ; !o.-e to e nods ::o!.t!.! . advance, . , , .-. - '." a !a-. Tbl- : ;;t t i I i :r, p i s - t Ir.spir..tio.. g b i w i c i'-: i iroducti c-r coi p. r, irobaiK i-till J

r grratly increased in the smaller fields producto main tion tain th- ratn during 131'.. Otto ff. Kahn rt Kuhn, Ix-b Sc Co. predicts groat prosperity following j iro such ns this country rare ly ha.-; experienced. Sa imiT buying for ood ae r( int Ii is .. n geing on in IndusHi at 'Hioi, i'iMiu'i ami 1 1 line- i heni ',. true fr Probably the seme Ü.iJdwin and Crucible holds Tti- M;.--sourl Pacific h.is put in a cliim for allowance under th government railroad contract which would ;ire for interest charge?, ö per pr,t on th preferred and 034 on ''nil"!ll" stfk, subject to -veral ded unions for annual maintenance cha rgi s. ' learnings of Phil del phi i com- ........ ,,....,- I provement ovot list year's ti cures. Augu.-t earnings show an increase of $1 (7,777 in net and the first five months of the fiscal year a corresponding incr ase. The steel industries are regarded m beinu: in extremelj strong fhape after liquidation and short selling which week. has been in progress all The p.vHs bourse, which Is a world market in normal times, took more stock yesterday in reports of Turkish disintegration and here was a scramble for Ottoman sirurlliis, many of whih Jumped three and four points. Thore was heavier trading in them thin at any time since the earlv davs of the war. ("ha lies Hayden and P. C Jacling. representing the copper producers, held an informal conference in Washington with various members of the war industries board for a discussion of the next price fixing conference to be hrV Oct. 27. The copper producers -.submitted a part of the data to be used by the hoard in determining whether or not a revision of the existing price is justified by an increase in producing costs. Owing to the difficulty of communicating with Kurope in regard to stock held abroad, the time limit for depositing American Malting company first preferred stock with the Guaranty Trust company, which erpircd Oct. 11, wilt be extended. The date will bV announced later. The committee for the first preferred stock announces that approximately SO per cent of tTie total outstanding stock is now in the ham's of the committee. Amerlcan Shipbuilding company directors recently re-elected have voted to elect two additional vice presidents. A. G. Smith of Cleveland, operating manager of the company, was elected third ice president and YV 11. Cerhauser. foimerly assistant to the president, was scle-ted fourth vice president. All the former officers were reelected. holds relatively same position under exi-tir.g conditions. "AKK ('OPPIIK Uepoit -Xet loss of $::u.S:: t. The pioduction amounted to 1 . P. 1 .'J. pound of copper, which sold at an overage of 2.. 07 cents per pound, and netted' i t ?T a V ! i MicPAll'JtiMnMt.' rt.i'oib n . ' ',-" . 1 I V . 4 i v -F (. v-t 4X.'VJ;T ill" creased income to a total of $"'.H.1 .;.".. operating expenses were $.".3 1,0 4 7: taxes, $2l,s04, and new equipm tosi kock sia.np.si was f,:., 1 tons. yielding a erasing o..0 7 1. ' 4 . 1 4 J I poumK copper, MIAMI pt na nt C'PPi:il Production--Due to lug improvement in produc-1 turn made a new high record in f .,usu.. . e,, ..s an miae.i.se m l'j.I V pounds over ..:; 4 !v) ü ä pounds turned out in June. 1:17, previous ....... - . .vlsu.-u ou.pat oi i :n pounus. orougnt eigne: month-' figure up to :.'70.5s7 pounds, compared with ::o,D'.l.rtlI pound- in i orrespoiulin pe riod of 1017. If operations through remaining four months of year only ap5 i cxim.i te .".(I eoooo pounds monthly . total output should bo in neigh borhood Oc.oOO.tu.M pounds. This O . d compile with 4 oi s.J ii 2 in '.'.'IT and : 1 S. u.n in Miami's 1 V 1 production a good chance of making a . pounds : T.' '.. ! stan. N r.ew high record. MJC1IIC.AN CuPPEi: well Hutbu lode show sixth well and that the : tion e:-ts on the third Allows up well at im. rnnil;l and fourth !e e The Evergreen lode ;.lo c :o.s uti encouraginglv and rock I torn this fotn.ation is being s ... I the ru.M. an.', good ered l:-." b-d- h . Some mall ma'-s ;.iits stamp gri .I.s we uncovfe t t lOU thwest o' .-;aft. The not been ib r.ti'ied. how - c t rough, mine rs assert Mass e.iis rock is lode. J of rock identical .-hip; :ng l.im to : with that n a--o.it three PAC11 I' Tl'M;.TI-:. uperat!'Oi c.jj tors i'f ore had pass'il thv" ,cli mtU. resulting :n rt.:.v?7 i "un is of e-oncetttra t's runniug 70 ;.iieiit, which shows a alue of $ ) per ton. .. tons of (re had been . r.I i il-d .it mill and .np.iny ?h.uM mine during Aiuu.-t appruxi-

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MARKETS

INDIANAPOLIS 1,1 VK STOCK. IMUANAI'OMS, Ind.. Ort 1J.-Hm;s herpplt. 4..V0; mirkct !'V Mirlirr; bt hc-i. ?li40; hnvi". SH.lWr lv.V; pl(T. f IÖ CTl 17 bulk nf p.i3. .1MV "ATTLr irtdpt. fUO; mnr't fti'Hfly; clioice hnrv teem. fli..V)di 1" 7." ; Hebt ster. fH.VWrl.' 50: hc!f rs. .v"0 Uliroo; com, SfV.'12 00; ImiIN. $7."'4 1 1 . ; cn Itp. $7.3-' K;. la .V). siu:i:p ami lamp.s neeirts mnrkpt ftndr : rrlm" lie:. $11. i H.OO: Intnl. IIOooj 14 ,V. riTTsnrrtcii livf to( k. IMTTSm iMW, Oct. 12. 'ATTT.K Supidv liebt; mnrkt sfe.-nly: li.d. $M.V',; i7 ( prime. ?!( ."Hf.f I7.r: c.,d. $ir :,(' i P'. ftO: tidr butchers, .ll.i"'! b"V;

m.r. M. '-m...m; mm n., i, i 000 per annum. The cost of carrying common to good fat bu!N. .vo'. ll; ' . ... common to ir"M fat ruM-s. 11 : ! "is loan at the bank was $3.u00. His heifers. ?!..VK.niV.'V); fresh cms ;uol j net income was $.1,500 per annum pprlncr-'s. S'VKillO: veil calves. .l'.ioo. j , f recollect it was sm;i:i' AM LAMDS-s.ipj.lv, :jiana so rar ,ls 1 can recoiieci, it was hnd; msrket steady; prinu ethers, j never interrupted. $11.:; good mixed. ?..3(Kil0.r: f.url The risk he ran was that 17. S.

S.-.K.-.oo: l.imbs. flH.). H m;s KecHpt. ir, doutdedecks: market lower; prime l;envv hors. $l70'i) ls.sj; mediums. $lv.4(Kf 1..,0: heavy 'orker. $1R.-1.'. ; 1 1 ir h t Yorkers. .17.-."'ii.l7.r; piirs. .17.f'0'(l7.'.'.": rouchs. SI J ri 17.: st.ic. ?1J or.; 17.0O; la . ivy mixed, Jls.'i'i'iT.ls.oi. CIIKAGO I.IVK STOCK. IDv P. S. Ilureuu of Markets.) CHICAGO. Oct. V2. II m;s Kstimated receipt, N..Vn); market steady: tp. ?'(n): butcher hoes. heavy. MS..T.V: l.V; packing hops, henvy. $ 1'.7.".1; 17.'J" ; niedbiiu and 'mixed. S17.oof7 1n.1 ; Muht. SK.Oilt lv.V); piys. .13.ÖO'lü.GO; roughs, 17.2a. I'ATTLP Estimated receipts. XT); mirkt lower. SHKi:r -Kstimated receipts. .1,roO; market steady. F.A T lU'FFAT.O 1-1 V F. STOCK. F.AST HIT KALO, N. V., Oct. 12 CATTLK--Kecelpts, oo head; market sIitv; prime teers. M7.Uo'u 17.75; hutcher gr.ifle. .'.) notf icoo. CALVF.S Keceipts. 12". head: mnrkot active: cull to choice, rsä.oo'a vxUi. SHi:i:P AND LAMT.S Keeipts. 400; market active; choice lambs. .M7"i 17.2.": cull to fair. $U.(Ktf M.7." : yearlings. Sil OlVo :.0.00; sheep. SÖ.OOI 1 1 .,(. Hm;s KeeHpt. 2.kh head; market nr-tlve ; Yorkers, Sls .Vili 10 : pigs. S1S.40 to I V.'.O: mld, $ 1 IM) : heavy. ?1.r;c.;l'a.OO; rouphs. $Hloo''d S') stags, $13.oo 14 00. mately 1,300 tont, valued at than SIUO.OUO. more TITXNIk-SCK COPPER Acid Price Has been rectivlng $9 a ton for its sulphuric acid from international Agricultural corporation under terms of a revised temporary contract. This compares with $4.M a ton, price prevailing since original contract was made. Capacity of the acid plant will have been reached In 1918 for first time, with a yield estimated at slightly better than 300,000 tons. In one month acid output ran up to oO.OOO tons. TONOPAH KXTL'XSION Development FJxtensive development work in Merger and Victory veins continues to open millinggrade ore. Over 200 tons daily is being milled. There xvas a large tlow of water struck in sinking Victory shaft 10 feet below 1,700 level, retarding progress of work. A new pump is to be instilled at 1,0x0 lex el. UNITED VERDE EXTENSION Copper production for July is reported at ."..100,000 pounds, compared with ."..OOO.OOO pounds in June. All ore is being transported to Verde t-melter ar.i as soon as new plant is running smoothly a monthly output of 5.00 0,0 00 pounds will be obtained. Quantity extraction of ore from mine i somewhat above average, and. recent advices state ores with silver, content running from 200 to 2.000 ounces per ton have been sorte.l and sacked. Assessed value of $.",- ::;0.:0 in 1318 jumped to $41,01?,124 in 11 IS. FINANCIAL PROSPECT Ity Financial Ixlitor The sharp recession In prices has iimproed the market technically, since the sei line was nr.acticallv nil bv holders who had been honing for - - - - - - - a further rise of nrices. However. now that the government has undertaken to control the supply of call n,i f.0 n,nv n.u will h;nv tlituculty in financing new operations. Some heavy selling earlv thN ,N f.ek uns from Mich was from fucn source and we expc u to see more of it. As the public seldom takes the initiative. there remains nothing but investment buying to advance prices. This is not likely to be very effective) during the nejt few weeks, port of which will be devoted to the Liberty loan campaign. Under the circumitanees. we look for a lower level of prices in the steels and tho highly speculative stocks, although we do not expect to see the railroads or the utilities decline very much from this level. NEW HIGH RECORD FOR RUSS EXTERNAL B.0NDS NEW YoH K. Oct. 12. New high records were made today for the Russian external f-Us and 6;9. I'or- . 1. 1 .. most part were inactive, but with prices holding. t Liberty f! 1 - again sohl at par. Otb.er Liberty issues were also strong. In the industrial list Cnited States pea'ty 5.. following tho sensatitui .1 rise in the stock, a dv a need nearly 3 points before noon. American Telephone issues. which wer" also classed among the v ace Industrial bonds, were strong. I. M. M. es held eloj-e to yesterday's high price Iehlgh Valley 6s mide a new high record. Other railroad bonds especially the con artitde issue's, were in good demand. j fV N tWb" I I M tb Want AÜS

U. S. Stell Common and its Dividends

Vears atjo, when the IT. S. Leather Co. ( prrdf cey .-or of the Central Leather Co. , securities were tr.ided in on the New York stock exchange, a well-to-do Hrooklyn man bought a thousand share of L. . Leather Preferred, which vax then selling around 70, and paying seven percent dividends. Thin netted him 10 percent on the investment. He then ; vs ent to his hank, arranged for a long time loan at five percent, and deposited the 1,000 shares as collateral. His income from the dividends on the. 1,000 shares amounted to reamer would pass or reduce' its i prererrert dividend. Had the dlvi dend been reduced to 1-2 percent, there would have been no profit in the transaction for him, and during the period of reduced dividend, his stock would have shrunk in market value and his bank would have called on him for additional collateral. Too many people are beginning to regard the present position of U. S. Steel common as similar. Paying $17 per share per annum, It nets nearly Ifi percent at present price (107). Money can be borrowed at six percent, making a net difference in favor of the borrower of nine percent. If there were some certainty as to how long the war would last, and

About Your Inquiries

In a revent issue we gave some points on how inquiries should be mad' . Many letters read: "Please give me jour opinion of Rethlehen R," and perhaps one or two other securities. But what these subscribers really want is advice as to whether to buy, sell or hold. If we are furnish you with really intelligent counsel we should know, umong other things, the following: Are you tMnklag of buying for income only, for profit only, or both? If for income, will you be dependent upon this for all or part of your living? If for profit, are prepared to risk a loss or having your money tied up? Will you buy outright, on margin or part payment? "If you now hohl ihis security, w hat price did you pay? C

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PLYMOUTH. Luther Hoham arrived from Saco, Mont., Thursday morning. He came just in time to help the postoitice force, as he was out delivering mail in the afternoon. Henry Miller of Cremen was in the city Thursday looking after matters of business at the court house. Mrs. P.. W. Williams is visiting her daughter at Walkerton. Miss ,;irah Heckert spent Thursday with Mrs. Addle Koslar of Arg of. Mrs. W. J. Safford and two chil dren spent the last week with Mr. and Mrs. trank Rädel returne! to their home in (Jreen Pay, W Thursday morning. is I f The latest word from Mrs. Hoys is that she leaves the hospital today and xvill spend about a week with her brother-in-law. Dr. C. E. Hoys, I before returning to her home in this city. Miss Nora Ewald went to South Hend Wednesday evenir. - to visit the familv of her brother, Milton r....i,i Mrs. James Cain of Denver, Ind., returned home Witlnesday after visiting her parents. Mr. and Mrs. Samuel Piddle. Mis Mary Peslar and her sister, Mrs. Humphreys of Tyner, spent Wednesday evening with Mrs. Moses Richards of Argos. Mrs. Sallie Parks spent Thursday in Ibruirbon. Miss Jean Melsker went to South Bend Thursday morning. Mrs. (?. D. Snoberger was a South Hend visitor Thursday. The sick "ist in and about Plymouth is still enormous. Harry Eastwood of the electric light plant is seriously ill and has been taken to the hospital. Fred Pri e of the postotr.ee force is no letter today. Mrs. Ed. Kitch of N. Center St.. i recoxering from a severe illness of several days' duration. Mrs. Dax id Fetterhoff and four children of Pearl St.. are ill. the mother being considered as seriously ill. Prof. L. L. Strir.bach is able to be on the street again after a severe attack of influenza. A. F. Lorir.g is not improving. He was a little better last night but had a ris: cf temperature Thursday morning. Word xvas received from Mr. and Mrs. William Suit, who were called last Friday to Maryland on account or the serous n:r.es of their - - still seriously ill. Word was rccivrd from Pramshott. England, that Harold North xva seriously ill there with influenza. Patronize the advertiser he b there to serve you.

the government was not discouraging such operations, a certain amount of risk in this direction might be Justified; but there are numerous other considerations. The Steel corporation may in another year be called upon to pay taxes that would necessitate a reduction from the 17 percent dividend. The government might require that all over $10 per share in earninga and dividends be devoted to the construction of new plants for making more guns and shells with which to swat the Hun. Tho only comparatively safe way to benefit by these circumstances, if you have the cash, would be to buy steel outright and consider that out of the $17 per share per annum you will regard only $! per share as Income and $12 per share as a sinking; fund by which the original cost will be reduced. This would work out as follows, taking 113 as r. starting point: Palance Zfy

If war lasts 1 year 2 year 3 year 4 year Cost reduced to xvould yield 4.8 7.4"'o 95 83 71 59 Rut the war may end In one, three or six months. No one knows when. It may end suddenly and it may be dragged out for years. Act accordingly. Don't try to build a structure on an uncertain foundatlon. Perhaps your are considering a short sale. If so, are you familiar with the use of stop orders and the danger of selling short without limiting your risk? knowledge of the abox-e conditions, added to the character and position of the security xou are inquiring about, will enable us to consider your problem from the proper angle. Otherwise it's like asking us, "What is your opinion of Percy .Smith?" We misht say that Percy has nice, curly hair and holds his cigarette gracefully. "Rut," you say "he wants to marry my daughter." That's a different proposition, of course. So give us more facts and we xvill endeavor to supply the kind of opinions and suggestions you really require. NEW CARLISLE, IND. Oct. 11. Word of the death after a brief illress of pneumonia of Mrs. Maria Couchman on Tuesday evening at the home of her sister, Mrs. l.'ra Miller of South Bend, was received here. Mrs. Couchman had been a resident of New Carlisle for the past .".(i years. Funeral services xvere held Friday afternoon at 1 o'clock at the Christian church. Burial in the New Carlisle cemetery. Besides her sister, Mr1. Couchman Is surjviw.'j i,y four brothers and two stepdaughters, Mrs. Cora Sweeney of ! Buchanan and .Mrs. Bertha TrowI bridge of Albert Lea, Minn. ""Mrs. A. J. Wool man very delightfully entertained at a club dinner Priday evening. Edward Oreen of Chicago was a guest Saturday and Sunday of his mother, Mrs. Sarah Oreen. Mr. and Mrs.. J. C. OrJung visited the former's brother, Walter Ordunp, who is a patient at Holy Family hospital, Igiporte. Sunday. Miss Mary Parker of Montana is a guest of Mrs. Sarah McKain. Francis Smith of the Grrat Iwikes naval training station visPed New Carlisle friends Sunday. He gave a very interesting talk at the Christian church during the Sunday school hour. Mrs. Minnie Miller of Importe is spending several days here the guest of Mr. John Ordurg. Mrs. E. A. Phillips will leave Sunday morning to join her husband at Ocean Springs. Fia., where they expect to spend the winter. Re'.nthes here have received word of the death in France of Randal Couchman. son of Mr. and Mrs. Geore Couchman of Three Oaks. He was killed in action. ORANGER, IND. Oct. 11. Mrs. William Hoffman spent the latter part of the week 'in Chicago. E. M. Reinley and Herdman Christian went to Coloma, Mich., Thursday. Wilham Fisej was in Fulton over Sunday. Mrs. William Warren of South Hend spent the latter part of the week wlrh her .sister, Mrs. Dell Smith. OTIS WITMER, GOSHEN, VICTIM OF INFLUENZA Ne?u TU... Spciül S.-vic c;o'Hi:x. ind.. Oct. i:. mis o. H'ltmcr, 21 years old. on e.f Mr. and Mrs. Charles W. Witmer of this city, died of Spanish iniuenza at Camp Taylor today. H was inducted into the army in the recent draft call.

Soufh Bend Markets RIIN AND FXnD. 'CrTcrt4 D!!y hf J. VT. DurrcU. Mrr ULm. I!rdrolir At.l OATS -Pa jln j ft":; selllcg s".jCV rrr bo. BRAN Sei dug. 1.80 per hundreJ. MIDDLIMjtV Selllur. 2 r' Hundred CHOPPED FEED Rellin g. 1350 per ewt. SCRATCH FEE1 Sellin j, 4.00 per cut fcCIIUM ACKER FEED. $2.75.

RAT, 8TRAV AM FEKD, (Cerrertd Eily by the Wenler MU!-r Klur nd .Feed to, so S, Mlrhlgn.) RYE Pjlr 11.B0 pr bu. HAY PajlD 22 to 525; belling f32. to S20. STRAW raying to S; selling bal. OATS raj leg 70c; aelling to frt SHELL CORN-Paying elhng. $1.75 to $2-00. EAR COEN l'ajlcg $1.60; aelliag TIMOTHY SEED Pajlog 4 per bu. ; aclllng. WOO. ALFALFA SEED (Montana grown), elhng. $15 i-er bu. CLOVER fcEED Paying $17 bu.; sei. lüg, $20 per Du. OY BEANS Selling $4.75 bu. COW PEAiS Selling. $4.75 bu. urs STOCK. (Corrected DMly b? .tfejor Oroa 8 Lo gn ist MIshawaOA.) HEAVY FAT STEKRJ i'alr to goo 1. nrine. UfiilOc. HOGS 120la0 11)8.. lfiUc; Iba., lüfte; 1X tu -X, 17e; St) up. 174c REEDS. (Corrected Daily by H'arner Bros, fttoro. 114 K. Warne Hi.) TIMOTHY $4.o0&$5. 00. hl.) E liKA -. WHITE CLOVER W2.C0. A L6 1 K E 4 El 0il $ 1S.30. J APANESi; Ml i.l.bT-$2.&0!ß$3. MAMMOTH CIJVKIt .$2fJ24. RUlSE AM RYE $2.00(0.$- 2Ü. .i.r is. I.i A ili$l4. 8WEET CLOVKK SlCCIiSw COW PEAH 43.60e2$5.0;. ßOY BEANS $J5-M. FIELD PÜAS $4iiuQ$i.7i M 1 L LElTf J3 a W- 75 4 POULTRY AND MEATS. (C'rrrtpd Daily ly Jlaunle'i Harket, IXJ X. JrTerjn Dtrd.) VE.I I'ajlng, 22; pelllngn, 22&V BEEF Reat. 30Ä4.V; boiling. 2io; porterhouse, lOc; birloln, 4la:Qc. HAM I'ajlng. 33c; aelllng, 3Sc LARD Paying. 2Se; Felling. 35c. LirrMA"'S. OREEN II I DEN lUc to 16c. GERMAN MlLLET-4-woO. RED CLOVER 113$la. TALLOW 2G3c. txixsct. WOOL ööütfTe; calf 20230a DUN'S REVIEW Dun's Review of Chicago Traele says: "Retail business has been surprisingly active this week, with buying stimulated by favorable weather and a plentiful supply of j money. Hißh prices do not deter j i purchasers and. demand is especially good for furs and the better quality of women's and children's garments. Orders received by wholesalers, both by mail and from the road, oontinue in volume preater than at thifi time last year, .r J shipments also are heavy. "The textile trade hap become reconciled to another 30 days of uncertainty because of the action of the price fixing committee in deferring its revitdon of prices until Nov. 16. Price? meanwhile hold firm, but merchants have difficulty in covering their needs, even on conditions making liberal allowance for future developments as t prices and deliveries. "Fixing of shoe prices on a. lower level and shortage of sales help h.is retarded business In that line to some extent, but merchants dmw no uneasiness, as ample time will be allowed for the moving of stocks bought at the old prices, arid it seems likely that the filling of immediate wants will reaelily consume present holJIngs of Koods. "Merchants are in the city markets in laree numbers. Collections are easv." a Hi:rriFUij homi; poh sali;. Owing to my moving from South Uend I am offering my residence at 128 E. South St. for sale at a real barcain. It is without ejuestion ono of the best finished and beautifully decorated homes in the city. The main rooms are finished in folid mahogany woodwork. doors and beamed celling. The walls were canvased and decollated by artists from MandM Rros. of Chicago. The dining room is finished In white enamel (ei;jht rubbed coats with rolld mahogany doors, canvased walls In blue, with free-hanel paintings in the panels of the frieze, and a beautiful chandelier of butler's silver. The' bath room in of w-hit-tile with built-in bath tub and high tile walnscctiMg. canvaseel above and free-hand painted in morning glory design. The lighting fixtures for the house were designed by a New Yor factory- The floors are of olid oak including even the closets, fllectrical experts say that th wiring is the rnot modern, complete, and conveniently arranged of any house In the state. The kitchen is a small, compact, ftep-saving. "steamboat" kitchen and will appeal to the heart of any housewife. The house is close to town, close to the Studbaker offices and In n splendid residence district. Today it could not be built for 33 percent more thnn I am asking for it. Garage is included. If Interested write me at Charlotte, X. C and I will send you price and i full particulars. Dr. II. A. Thomson. Adv. g:9S-tf j JACK niOST IS MOBILIZING. He prepared when he strikes. Yo i i don't have to fight to set a mm are ; deal when you buy the best grade of ; Indiana and Illinois coal frof C. H. I DeFrees; Home phone. o2.3; Hell phone 279. S15 S. Taylor ht. Advt. S CO 4 -tf FIRST IN THE NEWS-TIMES

F (TT) U 1 i (Tl) (

We have purchased 20 acres of high ground, white, mealy variety potatoes and will accept orders for same to be delivered when matured at $1.25 a bushel.

000 BUSHELS AT

TMS

THE

roflierliood Grocery

230 NORTH Home Phone 1562

McKii

COMMISSION

MERCHANTS

f TT ft h

201-202 J. M. S. BIdg. Phones Bell 390391. Heme 02S 2098. Members : New York Stock Exchange. New York Cotton Exchange. New Orleans Cotton Exchange. Chicago Stock Exchange. Chicago Board of Trade. Indiana Bankers' Association. Direct Private Wires to All Markets.

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South Bend's Guide Post The big clock on the corner rs the timepiece of the down town district. But this is not all It marks the city's center it marks the crossing of Mich and W'asliingigan ton. That c 1 o c k is South Bend's guidepost p o i n t s the way to the American Trust, right in the heart of the city. We're wonderfully convenient. American Trust Company at the sign of the clock.

11 h u n PER u n i n PMC MAIN ST. Bell Phone 1756 (T3 NM ON TT i ri 17 Have you anything to Sell, Exchange, or Rent? Fry the IV ant Ads Do you want to Buy or Rent a House? Do you want a Job? Are you looking or Bargains? Read the Vanf Ads Read the News-Times Morning Evening Sunday 100 Safety 5 Interest Paid on Havings Account Interest from date of dposlt. Saf Dpo'.t Hex LOANS j;r.C to ?:00.O or rnor? i nominal rate of ;r.Wt. The Morris Plan Co. i2o sorni main' sTitrirr Opp. Court Hoiiv? at Union Trust Company Maf Deport Boxes vlth vpcixJ f&dltü for Lh prlv-fccj of cnto.Tier. !!

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