South Bend News-Times, Volume 36, Number 243, South Bend, St. Joseph County, 31 August 1919 — Page 12

si my. ArcsrsT si. mo THE SOUTH BEND NEWS-TIME3 .NEWS OF HE WEEK IN THE WORLD OF BUSINESS Stocks and Bonds Manufacture Domestic and Foreign Trade

NEED OF BUSINESS

Drifting Policy Continued and; Congress Fails to Even

Suggest Plan.

Review of the Week Activities in Various Markets

ST KS. A ffroncr torp, a'mrt bnuyant

at time-.-, m.irkrfl Ma'.y ir;.l ist rials

COTTON. Cotton mildly reflected the

stocks and

marked up some material advances.

boll weevil and weather

proirr.iiii has 1 " ri

r i

1 . : . f.

!npt he

The r, r f a :i 1 war. of r, if ! :.-' t : v i- ;; "ith r -pet t t b ; -d r? - : r r --rri i'.;, i .-ized. 'l it" n ir. triftin.,'. a!U;"tJt:h m i r -ri f ort ! 1 1 il ;r ' 1 t :f : ; t .

nvi'l" than i r tf'fr-. Win'." t!. Inftins .(.:. abfair.'-d !.".-t a vint r, nnd did not uoii. th injury pr 1 1' t-'!, it. ilo. -t r-nf follow that dr!ftir.' will snlyo ,,. n.ntr.il probb-rns of the railro.uls and . r. dit extension. IIK-fi;I Ylmv Iii(fur:i2-I.

rres't Wilson's rtn-svn,-.- to shor.men and mid-week dev. rncnts with reparl to a strik- in .'tee! industry enourai: d I . i v i men to adopt a rnor- Im; i

cf tho whol labor Fituata.n .Ie.-, ic-o hni taken a somewhat conciliatory r.ttitude, if certain of its Indin? paper farni-h n crit rion. and intervention does not loom a i,..ir at Lift week. Thf l.ul'.ii.K' ma-; tria!fl market contlnurs -tr.'iK with' rising prices noted, 1 i;t ( -tnks and lockouts. Retail trad" is K-odi at mobt points. ' i:ims i 'ai i orr. N"o attempt has yet b.-n rn .d- to rtabllizf foreign exchange. Ivi .-d month'.s exports. whi h fell off sharply, reflect the disadvantage t whi b exchange rates place, th--American exporter. althouKh partly

explained by the marin.- strike. Th-.

increase cf imports la a healthy sijai T"V I M

ine loreipn exmanir' situation af.!

fords abundant opportunity

the ueek pat.j trensth displayed in

ir.d other stocks (

a i a ii' mi. ai;r.o'jt;n lotai saiev rei;

! n.u- h ! ( T.w the level of tun month! Imported

i iito. Sabs Thursday a pprox imated damape ov r a wide area has enter7 7.-.or(... f.urly i eprew0ntat ive '-fi ,.d Hen more into calculations than

heretofore. Traders showed a tendency to regard the labor situation

af r!an for xter.din.5- credit, labor uncertainties, and the dclerminea opposition to hiph prices kee; the market in a state of suspended animation. Growers feel that cotton poods can stand reduction better than raw cotton, although one affects the other. Heavy rains and some improvement in exchange provoked b-iiyin? recently. Hear hold

tlt.it prices around 31 cents cannot, withstand the inevitable pressure I which attends free movement of th( j

new crop. i ne Kcvernmeni roporii

is due Tuesday, tkpt. 2.

t ra .! i r. K- (Ireater optimism regard-1 ir.i' lal. or. and particularly the Meelj

-tri.;', boKt red by Pres't Wilson s i.i s-ar to tiie shopmen, caused the upturn. Money rates laid no restriint upon the market, holding fairly even around six per cent.

C.ItAI.V. (''hi(airo M.trker.) ; T'nlike the stock market corn show-d conspicuous weakness throuchfut the week. Offerings of Texas new corn and more liberal re -I ( eipts from Iowa and other points ; depressed thv market, but the de-

with a hopefyl eye. Little progress has been made toward a broad. practical scheme for the extension of credit, upon which exports depend. In the main cotton trading has lacked character with prices irregular.

LIVESTOCK. (Chicago Market.) Ho? prices tended downward from

their peak of bust week and each

line owed its origin chiefly to thejüay brought some new influence destrenKthenincr belief that prices are ' pressing in its nature. Cattle and

not ull sustained at present levels. The t . r i agitation is achieving posi-t.-.v and visible results, and has pro-

WOOL Sales have been rather lipht and the wool market quiet of late, bMt with no marked ktakenln? or prices The finer wools continue at a premium. Medium tu low grade -wools liavo been more sluggish. The London market closed firm. Exchange has caused some worry. Demand lor ;oods has lessened. Mills arebooked well ahead and have large commitments yet to cover, it is generally believed. There appears to be no immediate likeiIh:-od of a break in prices.

sheep participated in the movement.

The price inquiry remains a potent)

factor, and traders believe that

foundly shaken the foundations, values need readjustment. Labor

dirhcultles have been a bearish factor. Kastern beef demand has not been strong. With receipts heavy and the market over-run trade sentiment has been unanimously bearish

upon which hi-h prices in the grain n:.irket wer built. Thursday witnessed a shar: break. Oats paral'e.Vd corn, but within narrower limit.--, showing some independent strength.

T rend of the Markets

Stocks Grain Livestock Cotton

STOCKS. The stock ni irkct assumed a more

heerful a-ift under the ombinod

intl .i lie of many fac tors. Traders

! i .' in to r I los auxleiy n.s io tne

N"--i.iuon, wni.o injuring ie-uimate

interests, t rnlits held ahro.i1

depreciate almost f,a-r ni-ht t

The effect of price, in

i - t r . 1'orein t xchange iinpio' td

! .-o.newhat. A'ilson'.s rci),- to the

!. oilmen conxeyi'd assurance that

'(Uirv i most 1 fiirllier vv;i'e i fi r r. v. ;.,.nnd tiir

nou -eablo in the grain and livestock j present avera-o b-vi 1 uould not romarKets. it business men reel thatjeive exe-utive encourageinej.t. The drastic prico reductions must bejmaiked demand for rails fn ceitain temporary. Stocks rallif d in vie w j s s-iors reflected the greater Ie.is"f greater optimism rone-ruin; la-!iative acthity at Wayhington, from

t or.

BUSINESS OUTLOOK Ratification

Tn.- p.. ace treaty must b ratified 'f an-.en.leil and then ratb.ed v. it 1

Ibisiness men ee in th'

".it delay.

pi. s. rit state of uncertain

a h iudi-

cip ti industn' Üut att.ui.s im w.u inv proportions Ratification is necess,ir to p.p. the way for foreign credit:, and st. n ; i .

. i m ei-iiarge. t.ius stimuiatwm

ports. Hut it is even more im; eratue to dear the way for Jon. juestiens. like th railroa.is. wh;.-!? haw been long postponed A poll of busirtss men thsx:l(ss much impatin e with ccr.0Te.sslonal i:uu -t!un.

i r s-nt s'.ns are T'V. T.. i

ioe i i u i r . ; pian may pin.

v. hich, it is hop.d, so lie well-rouna-

iVd plan will sf.on enierge. Samuel j ;oi.ip?rs' return fiom 1-i.rope was ! considered opoartuue. I The irarket's ton" aid definitely ici fmo more optimistic at the mi 1- ; weck. Mr..-t tra1evs 1 1 It that bot- , toni had been torn h"d. V. iny prc-

"I dieted Meady upwar 1 progress, bu. - t f - cnsensus el' opinion loresee.s a ' i traders' market within rather na:-

row limns unill luriner oexeiopMciiis point tie way ahead. The tiend will he irregular. The fal'. a:av ea-ily briu-4 hiuhci prices. siui'"' h.'it i est ra uie l by tightness in the m't a y market.

C. II MN. The main mtrket continues evi;iti( and u!irtaii '.villi a stron'-'er t. n Jenc- toward lower b-v els at the ini l-w.-ek. lVars tJiat T,-x,i. would till the northern p ark. ts with coin. :.etual otfeiing. sot od crp re

market ttrcnth, only to Je lost on the succeeling session with heavy irrivals. Western cattle have beer. suite veil bought. Sheep and veal have Miade lower prices. Packern baik at anv sipns cf an advanco in livestock prices of late. Cattie have shown some activity. There has been good call for feed ng stock. Sheep have declined on liberal receipts and lower hide quotations have weakened the calf market.

1 OTTOX. The cotton markPt has locked decisive chai acter, for weeks hesitating between short rallies and declines. Reports of bell weevil dam-;ii:e-gain volume and emphasis, and the redvetion in crop thus effected will be material. Exports this season have passed 4 0'J.OOO bales. The exchange situation with no immedi-

METALS. Labor difficulties and other disturbing influences have a restrain

ing influence i.pon the iron and j

steel industry. Yet hteel men minimize the outcome of a strike, apparently with some reason. Ietplt3 this apparent calm, a strike would teiiously handicap tho mills just at this time when demand, principally for peml-nnished product?, used in building, is heavy. Owing

to present uncertainties, business confines itself to spot and nearby deliveries. Prices arc firm nnd the trend upward. The iron trade i quiet. Consuming industries will advance cautioust until light breaks. J Copper showed some firmnes:; J

with the new week, but develop ments v ere not marked.

Brokers-Stock Salesmen

THE IMITKD - oten for

resentnti ves.

Ill C'HANCK! TKKKITOKir.S hlth das flsf:l

Conservative.

ure rep-

11 vU

dfnil nnvlne securities. We con

sider it the stronpest selling proposition available from the Texas oil fields. Liberal backintr hy advertising furnished. Terms will be quoted only to persons f responsibility. Write us at once. Opportunity will be closel In a few (l:IVR. Texas Crude Syndicate

Underwriter.

Texan Crude Oil A IOnnlng

O. XUtx 13H. Fort worth.

Co. Tex.

Piii'niir'i i'!n-' ' . ..... : ,

Toils, new ;ow pgures on ioiemi!

s 1 .. - n hv'P 1 il.or

.it tu. ii. ii. nn.us.se i attention up

en th railroads a: a central piob-

! ni. The past few weeks have ui;nessed s.inc constructive thinking on th : manner uf return privat" ownership. Old plans ha b. en re-

vier, ed. and moditicat iims tior.s pr sente

ir ;iKe pro,' ss

i !ret;or,s. th-? futvr .iti" 1 cs;d th-" pa

! t f f

icn

Iii ficulties. absence-

demaiol. anl the con

tinued lii'Mt araint

. n

;n.t a ili

d.ha:: ro

FOREIGN TRADE Britain s Position

t he high cst !

ot livinc have be n tie im per tart t' i: tt in lorcir.u iri" s hvnvard j

1 i -ht :.! ints and stoves, have- ien.-

d to e- oura'-e th. bulls, not alone in stains but also pi . K-i uis. ; its t'fd to f il w corn, but move vi' Pin narrower :iuiits. indep.. nd,nt strength at times sup pet-tun; pri-es t. .. ... ..l ....1 .... 1 ' r. I lTirTii

, ;:i'v . e ' i . i . i i .ii " " ip..it-i- d nave .na.le ina.ii's. bet pr:e have- raiu-! low-

W( V

THE SHEAFS OF GOLDEN WHEAT that go into the making of King Midas flour are the cream of the crop. Only the finest grain is good enough for King Midas flour, and special pains are taken to secure the very finest grown. That and perfected method of milling accounts for the admitted superiority of King Midas. Ask your grocer. HODGES & MacINTOSH Wholesale Distributors.

'ar 'l;vtaue nt t' all -Trains

delays, the ship-

I.IVIVKM'K.

The ;n-r.,s-.l e.-st nimm- ; Th- bears coti.hu tcl a campaign -,.!. a-fcctiv.g all , ..sf ,.f tnanufa, - i in th- hog n.irket with some suc-t-ar-. ha.- üi.,.1. Ir.at Cntain's j..,- bspit- a .mliai.td s. e -stw m Mt-on ir. v :. ti . ... ,.ti.! esa.t.-'.tions. X'-arlv all vard. ha

-- ... ...... i. t " I I ' M I '

".Vi i n . .

With

a I out ; ut u ipir,s

; ".c: - em plov . . 1 . f 1 . , b.-v- dropp"! v e . i ' " .i 1 ' i

".:! l e pre war -x ;:;. b i. v.;ri'lr. j iv n It tlx na .-l i: .-ds ir. I : th" Ci. Kitucd-.m's j o;-t.',!-!i..- irupt v t i .t;-f t! .t- t !: s-. i täte ;-t:e:K j.ot'r to

:! I . o ; l ; I-. e d 1 o I Th.- ban - m.,-

i - . ' 1

ol litional i ltM' "s,Ml ''ve te n1'-'

l.iLzb.t i' .:pl- a" ti.nes gave un-

-A

PLUMBING AND HEATING

FAUCET LEAKY? or broken. Does it need new washers, or is the thread worn out? Perhaps your wash basin, kitchen sink or laundry tubs need new faucet outfits. Don't waste even water in these days of thrift certainly not hot water. Put us on the job and it will be expertly done. J. A. LUTHER 118 VV. COLFAX AV.

-t !

. : ' : . i 1 1 birr..

i "

s v ; 1 1 . Ml - ,i S J

. t . ..

I ' r' . : " ::' i t :rt b r adv a:.ta-: .;: that riii.K r :!, ..." at a pi---: .:..: ovt ott-. il;.rp an nci ir..!.;:. t- ,.d- rv .th the , .... - '.. t d i r .'.;;, . 1 ' ; . . i i : . V..' r ' t:v ..;. s it st-rl;".g as : : 1 1 1 a it h t !.e iiiii!.,r tt t.. tl e t ; . : o ; . .i . . , i- c f, . ;i i A t :i -. -. .: t . !::.::!. u v !.":' 1 - i r i i i a- . . . . r . . : ', . r . - a '.' : . ! e t !...:; I i ; . ' . ; . -'..; 1 1 i - .-1 -a or kit". 'X '.;.! - a f - : ; r..v : ! i: i . An, r;,-;,.. ..'. ! -h;p - the b g.. of v .,! ill b ':'-'' 1 .

I'lIIM.I II I I. Ill Writ.- it t. nit v.uroi-lf but I ;. Pi kup xa ..tripled ami eharul witli it t Uii' In-. kuix) b.. a -ft drink ar l r proprietor.

Liberty Bonds U c pa up t sr;t.J.i -ndi for bn.N; ;i-i nit-.l interest aled )p'ii s::;o a m to s p m. C. L. GUTHRIE 423 J. M. S. BIdg., 4th Floor.

Confidence You can shut your eyes and eat every morsel of food that conies from THE FERNDELL G:t on the phone now and place a trial order. Y o u don't have to come downtown to shop at this hi; store. You nuy feel contident of the tinest service whether your order is placed by phone or in person. Ferndell GROCERY AND MARKET Cor. Colfax and Main Main 382 Lincoln 5382

THOM

K1NNON

COMMISSION MERCHANTS 301-304 J. M- S. Bldg. Phones K I. Bell 390 391. Home 202S 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.

ork in the city and live in the country

Do o ixie

way

A 1 1 o o

AOlOIIlt

ion

offers the opportunity

Twenty-Two One Acre Lots On Dixie Highway a Short Distance North of St. Mary's Lots face east on road which is now being paved Electric Interurban Car Line at Rear of Each Lot Good Graded School Just Across the Road Each lot has a frontage of 75 feet and a depth of 530 feet. Rigid building restrictions will insure a desirable class of houses. This land is level and is especially adapted to gardening and fruit raising. Several of the lots now are covered with bearing fruit trees. This is an ideal location for those who want a country home convenient to the city, where they will have the advantages of pure air and perfect drainage, and where they can enjoy city life in the country, where they can reduce the cost of living by having their own vegetables, eggs and fruit and all kinds of garden products, where the children will enjoy Nature's gifts the flowers, the birds, trees and the beautiful stream which flows through a part of this tract. Dixie Way Addition lies just north of the renowned Zeltner poppy field. Take interurban car to stop No. 1. For Terms and Prices See the Owners

H. A. Tohulka - Homer Ta

415 Union Trust Bldg. 334 Farmers9 Trust Bldg.

ggart

THE HEW

"Get the

Hoppy Taste

CRYSTAL CLEAR? BOTTLE 3

".'BREW

Nothing finer than a bottle of our Snappy Silver Edge or Bock Drew. It is just sharp .enough and just tangy enough to he just right. Taken alone or served with meals or lunch

is delicious. Order a case today You 11

find it a welcome refreshment on

many occasions.

THE

MUESSEL

-3BEV. CO. " BOTH PHONES

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