South Bend News-Times, Volume 36, Number 227, South Bend, St. Joseph County, 15 August 1919 — Page 22
22
ruiDw i;vi:ig. aitstst is. 1010. THE SOUTH BEND NEWS-TIMES
HEAVY TRADING
GOLD INFLUX BLAMED FOR PRICE INCREASE
IS REFLECT!
OF HIGH PRICES
New York Stock Market So Lively That Clerks Must Have Extra Holidays.
a few dollars a fharr. It has pone .iSove sine that flay. One preat factor in the continued
; -1 Tj i Mtriny awaneo or all clashes j j I -inc. that time h.,s l-n Phenom.n-I WASH INOO.V. A ae. 13. Haled I : rirhf trivitii nut n Ilm firti.ri: . . '
I m iui . u.e i ,i i j i in' iv ut i n ' n -
I trie railways rcmmis:cn Thursday. : .i 1 ;1'k n dollars in foreign sold wa lairjit'ifl by Prof. Irvine Fisher of Y;i!c um ersitv as th chief culpri'
vork C mists.
out by government rcono-
FOREIGN INTERESTS BUY SUPER TREAD TIRE CO.
that produced
I ai ill u llill"M.i. ' Iionaire were maae o.rrnU'ht
Mil
The
j p il-ü-: heard of thew.. thinps and
war.t.ft to p-t in. They outrrirn-
l.ered th profr.-ionaI traders. An1:T,.t
then alone r,irn' the oil itocks, with the ,c lopment of the Kreat Itanper
Oil idorks tv-&an to
".Id Jn Trws. ."on r.
Many Nr--tniiInr fali)4. Persons who r.-wr dreamed th"y v. owid hae hitter than i weeklv
1 -alary h,ir invested their saving
oh'.v In 1 rir.Lii-rr American trol
ley lines bankruptcy tJt in .end-irr-r prices gfri'Tvly skyrocketing to ui'.f'i i.io 1 rf r.ich Vvels. The ol of trillion, he .ud. en me before the war, sent over to
: . f t j nrcrases by be'i.Rt re.U pow- j (is ;n (!.. T'r.ited tat- With the j 'm ! if '..irr.nce of the goMcn in-j adfr, h r.il1. prices linn to leap1
Announcement was made Thurs
day of the sale of the Ssper Tread ; Tire company of this city to New ' York and (hlcapo interests. The cons-deration. it is said, was nearly 1 ,C 00.000, half j of the amount ?o;ne for the! atent riphts ii-ed in the manufac-! t-:re of the tire, and th othr half I fer the factory in South Bend and j for th company'? pood will. j Th new owners, it is said, plan i
to enlarge the present taciory ana
ATTENTION IIVGLCS! j All members of r. O. E. No. 435; wishinsr to Join a bowline: team are' requested to meet at the Eagles'
home Sunday. Auk. 17 at 2:3 p. m. . ! To make arrangements for the com-'
ir.sr lowlinp season. CHAIRMAN". Howling Team. 6114-15. '
Unit I rr : np:w -York.
' in 'ri.e securiSv :nii h;. -nm. nnf I
i , ' . . 'kvward. ivpn tirices or articles i
wludly tun elated to the
Auir 1 Hiszh
prices of foods and product- of fatoties are reMet-d nowhere bet
ter than In the .New i orK stock mar-i
ket. where transitions ha- ben u h-avy in recent wi'Ks that extra" fiolidays. in addition to the Saturday half-day haw- b- n ne.-e .sary to al-; 'ov clerks to ke , up with the busi-j Fince lar-t March trading has been' ro active that rarely a, day has pa--! ej when shares t.oM did not re.a h the million mark, and on cnja.-lens lh numher hrH L'unc ;iio 1! 'XiH -
'00. And rarely has tin tuarketjlefn "o er-s'ld." condition reacheI wlien short H so heavily that it is difficult for t'hem to nr. or by A purchases Nalura'I l'rlo. .Munt. J
Naturally, with .ach a demand for issues of all chara ter. it follows as a matter of course that prices must mount. And mount, they have. Thf day before the world was plunped into war .Jul ::0. I rS 1 i stocks which now are .- llin at f.tf more than $l'j0 a share, could be obtained for a bare fraction of that figure. Common stock of the International Meia antib- Marine, for instance, could be picked up in Wall st. before the .-tart of hostilities at
WOULD SIT IN A CHAIR ALL NIGHT Mrs. Parks Was Almost A Physical Wreck From Indigestion Gairls Fourteen Pounds.
. 1 "T L. , 1 - mw 1
iiii. i ne ein was iraniaiic. i ne ; street has been full of outside traders.
() course, the rich nr.es .are ir-eat-
OTitn i rubere 1 bv t ii.a r .-addenol
, horde which h.is !ovt its a'l in Wall
st. speculation, but the plamor of th- dollar always calls more. And. uhi'e outside speculation is e .MnaV u and things gradually more normal, there still is an influence . I . : 1 m ,
iriai onis rair to Keep prices vcrj'r
hi?h merely ),y the process of supply ami demand for share A
tinic'ated to the war.
Th" rou'.t of the sold importation 'r:. b-en a depreciation of the
A '";in dollar, so far as its pur-j Insin power was concerned, j
I'rsher asserted. At the same its price or the actual amoun I
;t com it contained by weight, re- ! .tiained f'xed. he added and today j 'A-, buyinc power is rne-third of :-.at il was in 190C and half of
hat it was in the sprint; of 1914. The -( rnedv is easv, th witness
company has neon in existence ior
three yrars.
T'rof. time.
Trading Mth advertisers mean more for Uss cash.
PIl IbMONT I'l'AM T OIL. Better, che aper thaa 1 i c oil
The offe- llancn.
dtr'.ared. Stabilization of th' dollar bv' 'emulation of the price of
t I . old in accordance with price tlue-
at'i v.'icns was possible. he said.
7'27-17.
through the sy.strm of dollar values
V2
Mm
13 12
-, , , - - - -mm - ' - " f I 11' " III - ' "Iii IUI
TALK OF THE TOWN; Free Cars Sunday at 2:10 j to show the bissest success in South j
Bend. Plat of 150 lots sold out in two Sundays.
in urAor to sunnlv the demand, i
the owners have consented to prade another street of sixty new lots for next Sunday and every one a beauty. One is yours for One Dollar down, then only G0c and 75c a week. Prices $119. $129. H49 to $195. except corners; positively the biegest barg-ains around South Bend today. Two biff free cars will leave Northern Indiana interurban station, corner Washington avenue and Michigan street at 2:10 Sunday. Cars will carry banners and stop for passengers alonp Washington avenue. Kollow the crowd. Come and brine: your friends. Adv.
"5ines Tanlar has tone so much for me I can't help but think of others who need it like I did and I fee! that I ought to tell them about it." said Mrs. A. Parks of inv Hast Ohl street, Indianapolis, in an interesting interview, recently. Mrs. Parks was born and reared in Indianapolis. She also resided in Alexandria for sixteen years. Her many friends will bo glad to learn of her complete restoration to health. "I had the surprise of my life." continued Mrs. Parks. when I got on the scales, after taking Tanlac for two weeks, and found that I h id actually rained s-v-n pounds. I was feeling lots better, but I had no idea one could gain so much m so short time. Well, It has been air other two weeks now since I weighed and I havo easily gained seven pounds more. I certainly do feol a thousand times better, and I woald not take a hundred dollars for what Teniae has done for me already. "At the time I bsran taking thi medicine I was almost a physical wreck as a result ot stomach trouble and indigestion fro:n which I had j-ufTered for lle ;-t,irs. Just sine last October I have lost forty-live pounds in weight, going down from one hundred and forty-eight to one humlred and three. It just looked like I was going away to skin and bones and I lost strength so fast that it alarmed me . I kept taking one melicine after another but never had the least bit of relief. I could not eat anything but what would sour causing gas. bloating and pains that I could hardly endure. The gas pressing on my heart would raus me untold misery. I would wake up at night gasping for breath and would hae to get out of bed und sit in a chair the. rest of the right. I got so I was actually afraid to go to bed. and v"m nights would sit up in a chair all nigh; long, dozing off n!y for a few minutes at a time. My nercs were in such a bad fix that I would worry all tin"1 time about the most trivial things. The lesst ndse about the hon-1 would frighten m- almost out of my, wits and set my nerves jumping like i person with a chill. I would have riven anything to be able to take a good, deep breath, but it s emed that by the time I bad my lung half full of air I would choke up nd begin lighting for breath. My i:lnes and bladder bothered me. ! wan constipated all the time, an I had Just one continual headache. "When I read about Tanlae in the Indianapolis pap. rs I ju-t s. r.t right down and got a bottle, for I knew a lady In Alexandria whose condition' was Aery much hke mine and she took Tania" and gained thirty pounds V, flt sure it would help me. and it has not only helped me it has made m- feel like an entirely differ xt person. I can eat jut anything: I want now and am never troubled any mor. with sourness. ' taw, pain or shortness of breath. I ran lie down at night and breathe :s easy as ;t hat y and sl ep the night Ihrouwh. My k:dnes and Madder peer bother ir.e any mere and I am tlso free from constipation and headache. 1 hae eight large rooms to keep in order mr day but my work dor.'t tire mo hke it did be-
f
ore
Mv appetite
just
and
'if is altogether different with me. I Just can't i r;ti- Tanlac too highly for what it has dene for me " ThPoo" is sold in South liend .- :h Central lrug Store and in MishIWfckd by the lied Oru.-vj Pharma y. Ad X
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v. .
Value of Propertj $2,000,000.
$1,250.000
Location: Sheridan Road and Argyle Street
The Somerset Apartment Hotel, Chicago First Mortgage 6 Serial Bonds
Safeguarded Under the Straus Plan SERIAL MATURITIES OR AMORTIZATION
Amount $40,000 60,003 65,000
Maturing July 15, 1921 July 15, 1922 July 15, 1923
Amount $65,000 65,000 65,000 680,000
Maturing July 15, 1924 July 15, 1925 July 15, 1926 July 15, 1930
Amount $70,000 70,000 70,000
Maturing July 15, 1927 July 15, 1928 July 15, 1929
$1,000 and $500 Bonds in all maturities; $100 Bonds in 1930 maturity only Issue dated July 15, 1919. Interest Coupons Due Jan. 15 and July 15. 4 Federal Income Tax paid by the borrowing corporation. Callable at 102 and interest. Principal and interest payable at the offices of S. V. Straus & Co.
SECURITY: These bonds are a direct closed first mortgage on the Somerset Apartment Hotel, Chicago, which will be an eight-story fireproof building of reinforced concrete construction. The building will contain 205 apartments comprising 441 rooms arranged in one, two. three and four room suites. The first floor will contain a spacious lobby and dining room, with other rooms for the entertainment and convenience of guests. On the roof there will be a solarium and outdoor promenade. The apartments will be completely furnished. LAND: The land fronts 201 feet on Sheridan Road and has a depth of 143 feet on Argyle Street. The lot will be practically covered bythe building. LOCATION: The location assures a constant rental demand. Sh eridan Road being the principal boulevard of the North Side of Chicago. The situation at Argyle Street is especially advantageous as it affords the fastest elevated train service, through-route street car service, and enables the tenants to enjoy the business facilities and theaters of the Wilson Avenue district, and the beaches of Lake Michigan which are within one block.
VALUATION AND EARNINGS: The property, land, building and equipment is conservatively valued at $2,000,000. The net annual earnings are estimated at $199,880 more than two and one-half times the greatest annual bond interest. MONTHLY DEPOSITS: To make certain that the borrowing corporation will apply the rentals of this building as received each month to the payment of principal and interest, monthly deposits with S. V. Straus & Co. are required. Each monthly deposit is one-twelfth of the principal and interest 'coming due each year. From the sums thus accumulated principal and interest when due will be paid to the bondholders through S. W. Straus & Co. RECOMMENDATIONS: This issue has been surrounded by the customary safeguards of the Straus Plan to which is due the record of S. W. Straus & Co. of thirty-seven yean without a dollar's loss to any investor. We have purchased these bonds with our own funds and recommend them as thoroughly safeguarded investments.
PRICE, PAR AND ACCRUED INTEREST TO NET 6 Call, Write or Phone for Circular No. L. D. 61 1 ST. JOSEPH LOAN & TRUST COMPANY SOUTH BEND, INDIANA Sales Representatives of SM STRAUS & CO.
LNCORPOUAIXO
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Saturday Tomorrow we offer the best values ever offered in our history. Wonderful values in every department of the store. Every piece of furniture in this bip store specially priced for Saturdav's selling.
,100 TO 310 MO. HICHtOAM ST. AT WAYKt
August Furniture Sale Many stores are not having sales of furniture this summer. Very few stores anywhere are offering such opportunities as you find here. Furniture prices arc going up. The wholesale market prices on this very same furniture are higher today in many cases than the original prices we asked. If you expect to buy furniture within the next year or two it is important that you attend this sale tomorrow
1 ir 'l. IPTI-I Ii rV ; i iT'lf Iful 1 - mm Ll t fQA lteTiCr&AN 0
Four Piece Walnut Bedroom Suite $17S.OO It is a pleasure to see these fine suites a greater pleasure to live with them and a still greater pleasure to save much money on them. At regular prices these suites are as fine as can be had. They are marked as low as is possible to maintain a legitimate profit. At these big reductions this is the greatest opportunity tht has been offered in many a month.
Three Piece Overstuffed Tapestry Suite
1 2SoOO
How can we do it? you say. There is no magic about it. A fortunate opportunity came our way just as this has come your way. We took it, and here it is. We have saved it for this sale. It is a rare offering indeed. Note the grace and charm and dignity of this furniture. No illustration could half do justice to it, so come and see it yourself.
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Steel Bed, Spring and Mattress Complete $24,00 Who ever heard of such a price for such fine beds as these? Simmon's beds have a reputation all over this country. They are fine beds through and through. It wns purely luck that we were able to purchase this special lot of them. It is luck'for you to have this opportunity presented to you. An all steel spring, a heay weight mattress and a Simmon's bed for less than the value of the bed alone.