South Bend News-Times, Volume 37, Number 46, South Bend, St. Joseph County, 15 February 1920 — Page 14

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THE SOUTH BEND NEWS-TimES

COMMODITY PRICES ' Majority Opinion Believes

Turn in Prices Nearly Reached, whilr Ccrttiin Market Break. Upward Trend Continue.

Is Being Sued For Divorce

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trlnt;rncy laavo ':pon

rrea? Tht qiif.riou i.n on -vcr: lip. It 1 arcurd p'-r nnd con. bat mijority opinion m5 to hM that deflation h.is alrf.nly trun and " !i! contiivir with a which varies faccordJn to ih- UMiivMual. Th.crux f,f rh w h"i pr'-alem i, f cour, how M'rUl'-n aral drastic thrt , iecllnr "will h . If It i aoftTied ami , made rradun! t lr.' r. I not suffer (i!lorri? Inn e-,r face the disaster1 vhleh many ;ifrsi-r.s f-ar is lmf" n-l- ; Jr. t; . i The Ion-Ii-r.il-!ed and r '-"... m ry contraction o-f rre--!it l:ns indubltaol v n:af?e ?jnt". pmuT'-ss. H'.Jlts "wj.il ', b more pldM.t ;.s time cos on. "Hoarders are liquidating storks of 1 eomrnoditl held for port rr t'r i pculAtiv e proV.tn. Kx port er? ha ; ifff-re-l heavy ranr llations nt' j JTaropean orders, ami all sin pnmi j to a greater nhundanoi of cornmodi-i tKH for domtlc consumption and! ä cone-juent tempering of prior:-. Thr federal rerve board expres. , a belief that "a peak in hih prices I

and Inflation hnr, ben apjroached. it not reaxrli !." The Harvunl cornnilttee on economic research expe t.s h check In th- price movement upv anl and In huslnr-ss activity, while .arr.lnq that it won hi premature to conclude that a violent break i'i prices if probable. Canadian authorities prdkt a

rotable decreo?e in thf co t or iiv- i lni?, due to the virtual mitk n.-ion ot j exports. Thin' liiit of wholesale

rice recently diy.'Ioscd more recesmoh than advances, although tlie

index number reaches a new hih i point on 1YI. 1. Nevertheless doubt;

Ik expresncd n-s to whether events Mill confirm or reverse the tendrncy i.o'.v visible. Dun's suminmarlzos ronscrvatl e opinion, and veiituu-s neire?t to what mav be taken as a y und prediction. In these words: "That prlc react-on must ultimately follow none can dou'bt but it N not c lear that any general downward readjutir.cnt I imminent, and some j,rice may conceivable hicher till before the inevitable decline 1elops." While certain leaning markets have broken sharply, bnsio commoditas like, steel and oil are climbing. Lumber and coal tend upward. Wool IioMh tenaciously near hiq;h leveis cf the past sev,ral months. Some onscr.'fr venture tlu prediction that hi Eli prices are Ptill in their infamy. Ithough thi.s t-eerns e likely thati now than it did a month apo. Mo-t factors in the principal industries, textiles for example, have extended no nope of a reduction in priees ff! a period varylntr between i; months and two or three yeais

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! ! : niar'd la'r j,rmitted a r'-o er . j ! which was- stimulated by the Mnall j ' leccipts. Packers have Ix en In Uontrol mcst of the time and hiv j ! cont!nuel tf Icht any bull t.iove- ,

nun!. LIpht stuff pained the prcf ! rence.

Cattle trade did not Improve . 1 run f stuff fr-m Iow.i fferted a iroo.i break at Chicago on one o ra - , i j sion. While there was heavy ;

Marry-over t nearly all grades eacfi I day, choice beef w;s scarcest of all ! trrade?. Huyers of sheep displayed

more enthusiasm than traders In any other branch of livestock. Eastern shippers bought lambs rather well.

BUSINESS OUTLOOK Government Campaign Again

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The threatened railroad strik ! turns the M-h.lt lUht of public ! scrutiny again upon the government's i campaign to reduce prices. j The department of justice report? t

like, nnd Is now concentrating its energies ipon clothing prices the most conspicuous source of complaint. Yet It hari achieved little. The campaign deal;- with superficial manifestations rather than with un-

lerchants and ioa.th to shave

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COTTOV.

Cotton remained under strong ; deriving causes, bearish int'.uences following the manufartrrers are

sharp hre-ik In exchange and deci- tlu ir pro'its. They w ill cooperate sion of imporant factors in th. Hrit- i willingly, except when the shoo ish goods trade to postpone all im- J Pinches. The investigations have

v i id i est? Diisnea witi a. iaji ropuruuii

Society in New York is stirred by the report from Hudapest that Count Szechenyi is about to sue tho countess, formerly Miss Gladys Vanderbilt, daughter of Mrs. Cornelius Vandcrbilt, for divorce. The report adds that the count is being talked of for the throne of Hungary, but there is little possibility of the title of queen falling on the countess, as tHe divorce papers will be served on h i soon in America. Humors that 'ill was not well in the Szechenyl household have reached this country frequently. Confirmation of the Budapest report Is lacking. Countess Szechenyi arrived in this country with her four children last September and announced that ; lie would spend the winter here. The countess, whose husband is the head of one of the oldest noble families In Hungary, was one of several American-born women who, when the United States entered the war. found themselves in the position of wives of rumies of their native land i Trend of the Markets Stocks Grain Livestock Cotton

FOREIGN TRADE America's Duty Toward Europe

To deny that the position of the ormer chief belligerent is t-ritieal

f v.puIJ be fatuous. Hut to a.ssert, or

lto imply, that it is hopeless, would be insane. While it may com ei -1 hi!y be true that, if present comll- ' iIct." persist without a remedy fr nothr six months, several Kuron-

an countries will be bankrupt. America has no warrant to anticipate the ttordt. The remedy will be h ppüed. .'eports emam tim; from L rope or

ipeemmg Kurope .'onfbYt sharply, presenting the tr :.v.a all in-

iermedi.ate decrees r" opinion. It I may be not impossible tint i vporiv ' " financial d niorali4itiou ai;d in. -iiidual extravagarce are xaLrerd. To assume that exports from lins -ountry tt!ie xha :-te d nations r' western nnd ceniiv. i V.uro will .rtually cease is o confess .i want .of business acu.men. Andre l.:r--Uditor of the fiuauc'.al journal, P-conomiste. pims tu; that France jT.-ust. obtain tiie r.uv materials in-t::.--pensab'.e to rer.st:uction, at r iiatevei sacrifice. Where the nc-d

STOCKS. Contra di: ion as rexa-ab-d by hank

I hgures has not y t progres!-Mt tar j enough hiuIa via 11;-' to : ifect the mon- ! etary situation whicii continues to restrict market operations. The

iiquidr.tion of ( ommodities, improvement in traffic conditions. and th"

drop in exports sure to follow

collapse in exchange will release ' edit, arel it may le that all rates

. 1 wi.l be le.s extreme and irregular

lior.i now on. Certainly room no o!';r- eists lr the- i o ! i p ! a i l '. t that holders of tommndities are being fa'-e. rod at the e-xprii-e- of stock b.!d is. The ft der..' i sei ' board I. as e-t nded the' n'w diseirint rates to all districts.

dence of holelers failed. Cash corn, which had stubbornly resisted any sort of healthy decline, ruled much weaker. While sentiment was radi cally bearish and much corn was held in country elevators, the farmers did not budge. A majority prei rr il to hohl. As a consequence.

tlie j l eoeipts impiove! but little. Arrivals

are still rosiriciea ry tnc car scarcity. Foreigners, who have been baii.-h for some time, continue to uireot their e-fforts toward bearing prices down. oats fell with coin. The demand continued quite bri.-k, but the heavy

t selling proved too much for the mar

ket. I'xporters were again bidding '

! and did a good business in the cah

norts. The Knglish mills are

to have stocks on hand to last several months, even put above 1,000,000 Luits. When these are exhausted It is patent that buying must resume. Meantime holders in thi country' will he anxious. Many parts of the south are strong enough financially to withhold their stock1 and wait for better prices, if they see fit. Exchange may easily go lower than It has, and Ilritain Is reported to be shipping not only cotton goods In Increasing quantities tc America, but raw cotton was well Spots are depressed at points In the south. Growers encounter more difficulty in getting loans to carry their stocks, and are sometimes persuaded to liquidate. If futures decline materially from their present level, the effect will be to diminish next year's acreage, particularly as labor, fertilizer, and machinery art well advancing. woor. The wool market has continued in Its attitude of watchful waiting. Marked price variations were fov. Traffic congestion Interfered with shipments and tended to slow the trade. The Ilritlsh government's success in reselling withdrawn cross-bred wools aroused some comment. It was achieved through price reductions. The committee of London wool brokers, it is understood, will make no further shipments to this country beyond the 110.000 bales now authorized. Ohie delaine, unwashed., is selling very near 51 a pound the highest pricf obtained for American wool in the grease since th Civil war. This price accentuates the discrepancy existing between fine and medium grade wools. Territory ' wools have not been active. The trade as yet shows no marked disposition to turn from high to medium grade wools MI7TAI,S. The situation prevailing and intensifying in the iron and steel market over the past few months continues. Prices are indefinitely high on many finished and semi-fmished products. The need is for immediate delivery. Traffic conditions have militated strongly both against pro

duction and against delivery. The January Increase- f 1,000,000 tons j ir. unfilled orders of the steel corpor- ; aitno shows that the demand is urn ! abating. The steel companies are ! lirmly entrenched, after piling up as

sets during the war, and can with- J stand the credit stringency and los-- : of export trade better than somother industries. j Lead has advanced again. De- , mand is not heavy, but supplies are i

scant. The copper market lackssubstantial buying support. January sales were second largest since the armistice, but February shows :t falling off. Exchange rates stille export demand.

of the blame reverts to the public, but no such proportion as the distributors as:rt. Those engaged at each stage in production and distribution add. a little until the total is appalling. The really potent factor In reducing prices, aside from exchange, is the constrictive pressure which the lederal reserve board is applying. It stems already to have initiated the deflationary movement. The railroad men will gain naught by striking, even if they win an advance, 'ec'y Meredith's suggestion is a good one. It Is an appeal to speed up, do more work, produce. Lot two men do the work now done by three men wherevr possible. The tarircr sets a good example.

c;ilN(;i:k. Feb. 14. Cloyd Gearhart is entertaining his mother of South Iknd this week. Mrs. Kgbston of Cassopolls is spending a few days at the home of Mr. and Mrs. David Bacon. Mrs. Harry Metzgar was called to Klkhart Monday by the death of her father, Oren Shelmadine, who was killed by a New York Central train in Elkhart. Otto Day and family of South Bend visited their parents here Sunday. Mrs. Charles F. Hoffman is visiting her daughter, Mrs. II. Shankweiler. in (Irand Rapids. Chris Hartz is on the sick list. Mrs. Naomi Alford of South Bend is here caring for him . Darney Koloroff of Renselaer, Ind.. is here te make arrangements to move on his farm, known as the Besse farm. LaVerne Kepler of South Demi visited her parents over Sunday. Mrs. Frank Anderson was called to Itiver Park Thursday evening by the serious illness of her sister. Miss Ksther Anderson of South Be nd spent Saturday right nnd Sunday at the home of her parents. Dell Watkins and family attended the funeral of Mrs. Hrvin Watkins at Lydlck Saturday.

We are manufacturers and distributors of absolutely pure Artificial Ice and solicit your patronage. Artificial Ice Co. Main 2221 Lincoln 6123

These Houses

Have Five er six rooms and bath ; dining room, oak trim; living room, enk trim; furnace; hot water, gas heater; hot water summer I ; T-"-barrel 'Intern. coritieotd ; elctri fixtures; shades; klMun cupboards. Too iu',i IT. Itro.i.lwnv i:;oo. i4'a. ic) s. High st.

üouncmg 30 New Houses Ready for occupancy.

WE offer you a CHOICE in the selection of your home. For thirty of our charming bungalows and attractive two-story houses are now ready to be occupied. These are located around the Studebaker School adjoining Studebaker Park in a most desirable community of beautiful homes. The residents here are, for the most part, home owners. In point of accessibility, car lines serve this community direct. These houses are built by a company composed of South Bend business men. Their object is to relieve the housing shortage. Consequently excellent homes complete in every respect arc offered for $4200 to $6800. By taking advantage of our payment plan it is easy to acquire one of these. If you wrish to see them come in, or call us up. But a word to the wise act quickly.

Location

ldork S. Virginia. 4"0-70O V.. Indian.i av. looo Mork s. .Marietta. UM block i: Dubail. 7 cm ejor E. P.ivton. .V") block IT Milton. .7! block i:. Calvert, .".(in. JVOO i: Ilnwman. 10 block C. Donald.

American Home & Investment Company

240 Farmers Trust Bldg.

Main 1625.

Ieyjut. t h t b i 1 1 e n tl ra i 1 re), t d i a it ic le. Itye suffered most of all strike, it is piobable that the mar- grains. Trade was active. France Uet will show itse lf more stable and j reentered as a buyer at scalxard. j.-Mst.uit t selling pre-sur- than for While barley offerings were light. twi (r fbre-e wt-.'ks iast. Seme ! this grain was in little demand and stock luve beer, oversold. High- price's fell, priced industrial continue mos; LIVESTOCK, s-jb.i.-et to successful attack. Manyj Livestock raisers have come depe ions think the ultimate turn up j spondent. Cost of production, esward i nenr :i t hand. The liL has J picialiy the cost of bee. f, they claim.

i-een discounting e vents far in ad-i has advanced 50 rapidly that induce- i R

Tho

vance. a.s usual, and may strengthen e ven at a time when general conditions svem wor-'o. ;k.in. Liquid. ition resulted in the grain

market frc in foreign

.1 the prolonged decline'

exchange, and caused

J i v m great, and th' debtor solvent' sharp price recessions. The confi id nil ready to p i ha rutsom"!-. , cr d- ' 1 will be forthcoming. Lnglar.. !

'his not hesitated to sIl on r-edir.

tr.ar.'fts of Practi. ;:rli dur .

ment no longer exist. to enter or continue in tho game. A sharp

break in the hog market, resulting !

from the crash in foreign exchange. 1 f

(specially the pound, stopped some .

country shipments. Tritish cancel- ; n

Jations further depressed the market, although improved hipping' de-

Lurope 1 '' d i- f

Ameriia s.'vmiM

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extend

I that rr.IniTiiuni of ti'-'O eeh.inge a jebjüfy. tentper rb j'.stMient m Xrrrt . f!.te the purch.. t nt-h the life ed pend.

credit M' (fs.-;irv to i t S'-'r. bla nci' of sta1 f c e s-. t"a re- d - ; i'.i la nee, .-v.d f'""i' ! of matr ri 1 upor. ; ''uriitin m 1 . .!.- '

Th earliesr r...Ttic:; of an Kkyp'Ja-i p i;.rU-- w ri th. vear 15 '

!-.n.-s pi

100 Safety 5 Interest

raid on Savings Inlerrnt from eAte Faf Ppnoe

Acctu-it.. cf deposit. Boxes.

LOANS to tSOC.OO or mcr?e at nominal rat- of inttr,-t. The Morris Plan Company

120 KOimi MAIS Opposite Co-urt

STIUILT, IIoUfC.

We Invite Your Attention to a eautiful Bungalow

With arac;e attached. Located in tin exclusive district near Riverside Drive. Interior trimmed in Oak and White Enamel. Contains two Iarßc Bed Rooms. Possession 30 days Price $7,500. W. O. DAVIES & CO. REAL ESTATE 221 S. Main Street. Lincoln 5779

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PAYING RENT FOR FORTY YEARS He was an oM man, and he had saved his rent receipts for forty ears. The total was J 4 00. C 0. Todnv he lives in two rooms with nothing to show for a lifetime ef earnings. Suppose- he had saved J 1.3 00 when his earnings were big. borrowed an e-iual amount and built him a home. He would probably now have a home worth $4,000, and a good balance in the t .tili.. Hut h didn't save he paid rent. The' !a.-t h ilf of life is drab and drear to those who do this. Star: your savings today. We havo money to loan on homebuilding. St. Joseph Co. Loan & Savings Association 1".: W. .UirrLKsON ULY!. JOHN ROTH. Scc'y

Elisors

BROKERS 301-304 J. M. S. BLDG.

Phones: Bell 390391392 Home 2028 Members : New York Stock Exchange New York Cotton Exchange New Orleans Cotton Exchange Chicago Stock Exchange Chicago Board of Trade Indiana Bankers' Association. SHASOXAIi OFFICE: TJellcrleur Hotel, Bellfalr IIHjrhts. riorlda.

Direct Private Wires to All Markets

About Plumbers and Plumbing

There was a time when folks regarded the plumber as a "necessary evil.' Nowadays, however, it has been shown that good plumbing is economical from two viewpoints. In the first place, good plumbing safeguards the health in any home. Secondly, good plumbing, as applied for instance to a heating plant, saves much fuel that would otherwise be wasted. We have earned a very substantial reputation for doing only the best work. Just call Williams.

Tom Williams PLUMBING. 122 E. Jefferson Blvd. Main 626.

VTJr mov trt qty Y

Chicago

South Bend & Northern

Indiana

Railway Co.

&SOÜTHERHMICHIGAN RAILWAY COMPANY ElTCCIlVh: FTNDAT, OOT. 18. 181. ßubject to cha-nfe; without notice -Tmlns living South Bend. Indiana.

Eait Wut Bocnd. I?oui.-i r:03. rr. r5:30 . m 6:0) a. xa. a. xc. 7KX) o. xa. 10:10 a. ta. 8:00 a. ra. 12:i0 p. m. 0:00 a. n. 2:10 p. ir. 10:00 a. ra. 4:15 p. a. 11:00 a. in. C;30 p. m. 12:C"0 noon :10 p. ra. IXfi p. n. 10:1J p. ta. 2:00 p. m. 3:00 p. m. 4 p. m. 45 -CO p. XS-fl.-OO p. m. 7:00 p9:00 p. ra.

11:00 p. m. Sllf on 17 tDallj 7.r?t K:nd J. ß. MOORE, a. V Pt Bend. Ini.

North Bound. .iO a. v.. m oo t. za. 7 Oi a. is. a.-oo e. m. 10. "" 1 ci. 11 :00 a. ra. 12 :00 r.oon 1 p. m. 2:W p. rj 7 rftf p. o. t-O p. rr. 5 01 p. rn. fj" p. tsi. 7 -00 p. ra. 9 :i p. ra. U -.y) p. m.

THE BEAUTY OF PORCELAIN and white enamel bathroom fixtures is unsurpassed. If your wash-basin, bath-tub and lavatory were of gold or silver they would not be more pleasing nor half as cleanly and effective as our porcelain or enamel equipment. Let us show you our interesting display. If not here, we'll get it for you.

PLUMBING AND HEATING.

J. A. LUTHER

118 W. COLFAX AV.

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MARQUETTE PARK "A BETTER PLACE TO LIVE" Why exhaust your efforts for that ideal home which isn't to be found under present conditions. Build to suit your own individual fancies, in a most inviting home-like neighborhood MARQUETTE PARK. H. A. WOOD REALTY CO.

128 S. MAIN ST.

LINCOLN 5849 mJ ti 1 iiniiBl'i ii

Get

for Spring r 1

In a tew weeks you

be taking your car out

storage. Before you drive, it should be completely overhauled. Bring it to us or let us come and get it and we'll give it the attention

III irtlfl 1 Wimi ir-iv

1617-19 Miami St. Lincoln 7373

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