South Bend News-Times, Volume 37, Number 74, South Bend, St. Joseph County, 14 March 1920 — Page 13

. ' t

OF THE WEEK IN THE WORLD OF BUSINESS 1 i Stocks and Bonds Manufacture Domestic and Foreign Trade

NEWS

I t 1 V .T

AGRICULTURE Farm Reserves Suggest Maintenance of Prices at Remunerative Level Despite Fall in Exports Labor Outlook Discouraging.

Range

of Prices of Slock Exchange Saturday

Th it' ' ri in nt i et. ort on limn

rr cocf, urxiuak'd in history, rhar.RM the .upfft of farm production romfwhnt and UKt'sta th' maintenance of grain prices at 1 vrd consistent with th"' prior levels of other commodities. Iu-pito the restriction which rar shr.rtauo and the farmers dJsinrlln.ition to m 11 Imposed upon tho mov merit. morwheat loft the farm from July 1 to Marrh 1 than In 131 H. Exports fell t.O.QQO.fiOG hu?hfl.s. Consumption of rnrn durlntr th p-st foir months materially exceeded that of the two i r.n previous. Total farm reserve.- r.n Marh 1. including all principal grains :;c pt ryr, exroedod la.st yrar's y only S5.O0O.o0G bushels. Oats and oarly holdings wcrn les. The corn ( rop vaa of fine quaJity. Apparently the farmers have made exceptional proirefcri In moving the bumper vhat n.nd corn crops. Demand has b-en active. Tti inference N thnt thyear's carry-over will not be burdensome and that prims will reeiv a. welcome rlement of support. Thft farm labor outlook hows no Yt.rceptibl Improvement, and labor will conHtltnte tho farmer's gravest problem durincr th' 10-0 season. Predictions are mad that farm labor will demand and receive higher waives than vf r before. The present tendency dther to cut flown holding or to rxtend them with a vlw to making the most efficient tu of machinery and iartr-sealo methods may r,e rxpectei to .trf nthfn. On the other h unl, men havo returned from the army who were not available last year. The tractor is gaining wider u" and helping to overcome the labor .diortajjo. The dairymen of New York state.

aided by the Merchants" Association

!of Nfw York City and other bodies, have opposed a bill introduced in the legislature to regulate the dairy (Industry and fix the price of milk. The merchants arfrije that the proposed legislation is "iif edle ss a.s a protection against exorbitant prices, .inasmuch as prices ar determined ', by costs of production and distribution, and restrirtrd by active and continuous competition;" and is pernicious because they seek to control .price?: by statute, to depress prices 'by municipal competition with private enterprise, and to substitute srnte regulation for the economic Jaws." Farmers generally unite with busme?3 men in opposing all needless government regulation of private industry, and condemn price-fixing. The farmer U especially hostile to "fforts at price-fixing that touch only foodstuffn and leave unregulated the prices of the articles he ouy. Amid nil the talk of declining rxport.. a surplus of gomis. a possible 'rvrse In retail trade, unr! fallinir

r ics. there in h growing recognij"" Tion by the public at large of the importance of the farmers' buying power a.s a sustaining element in almost every fUdd of business. The farmer is frequently described as the hackb one of retail trade. When the prices paid him for foodstuffs diminish he buys less ;iruj trade suffers ns a result. Aain is emphasized the nerxlty for price reduc

tions that shall apply not to food- !

Kfuffs alone, but to all staple com. n?iditi s siniulta noously. director Hogers reports that the farm census is not making satisfactory progress. Nrt'illcvs to say. n ery farmer should and v. iil -o.p-orato to expedite the ooilo.-tion of data which much depends in shaping future policy.

1 ! Sl.W OKK STOCK KXCtlANtiK. Ir.-lu.. Aloj, , .. r' ..'. J i j;um. C..:ii. . Ko, 40-i Il.Sriois r.t ... '."I'i - I ; Ad Ko. IT! To To I: rati n .V,1; .V,, M' j ."VP 2 I ; Aids 'bal t:i-tk . . 12 42'., 41' Infi M ... 22 i , Am. Itwt Sue.. Ml, Infi l'.i-r T'a'j T''-- . S' ' Am. Can Co b" ', I:i!i'i.tf ('..;).. .".o :.' Am. Cr r.Jv. ..l.'ia 1C. 1." 1 I.ii. k iua:n.;i . . . T". 7.".a 7:: T--.'.' Am Ini? ?vn. .. 12'. I,cM::i Vallev.. 17 47 A. II. ,c U Co;u. -J2 ' ITJ' L. and N 107 V,' l' "". A II A; L. IT1. . 1 'kI i, j in.; t I'd Mwv.n : I Am. L.rfvira :7 y.t r M.irin- .m .... .V,u. :y,: j Am. Sinfltir.g. . -,-. Mirln ri. ... t.:"-, V 'd Aruerlcau Sag.. AJi l.'A) Uiu M. lYtr. l . . . A I-."' Au.. T. V le'.g. '.rH Miani! Cj-j.-r.. "j". ; t 1TJ Am. Wool 121!, ij, U7 j .Midvjil St. i-1... p;;-, 4f. 47 47 Anar-umlii r.(j.. ;j v .v.vs jM Pa-i(i- iri't, i-. t, - ti; .-.', J At Mi.u spy S.U. J4, h." Nat I a: i . . . . 7' 7l T7'4 77 't Haid. Iam-omi... .iis'j n:riH H7 Ii'.1 .w iinv.-n Kr.. :: it. v ( .".7 r.'.. ::r, N. Y. c tö t; I t.. T'-;4 Itetli. Sf--l "15" Ioi; fcii !U4 ej r I'a itic s' j M s.':-'-. h. i. r p; i.j4 i.v4 .r .-in I H'st .. :", ', ;o Im-. 'j t.-; r.iitt? Sup. .. !; pan Amn oil... : ..;, Calif, r. trol .. r 'v, ltV4 I'ennv!var.Ia .. k'', 4:j - 4m4 ('an.-iilian P;o-. ..12 12 IV(.!f,.i ... :;s : Vnt I-atli ... SPj S.Y-H SP j Uy St-H S;.rt::s . '.s,. C. and ( .7'; ."a .".7!i4 i;iiv C.,n i'e;.j..-r 1 4 In Is (i. W. I'M 2. :.-, K-a.!in,' M' ss'. v C. -M. St. J" ct.m 40 4''l 4öij p.y I ard S.... . '.C' '.d ! VJ -v lt C. M. St. r pM 7n .V.a, .Va'-C Sa.vn '. . M , p', p;ij pTs C. and N. W. .. ' !TM y i, Sinclair Oil 4:t i '.U 12 , 4.". U. I. :md r. :isu. ;.s som. !' Itv . . . t.' , nr, 1Ii. I. I. "A" 77 77-4 77 I 77U Southern Kv ... 2P, 'J.V', .!, 2P4 C. U. I. T. ".. tii Stu.b-b.'ik.r JC.4 !rT .'7 C!dli C.p 17'.4 171 17-, 17 Vi Texas oil l'4 V.n VW fhlno .p . VA .".4 :.tvk r:V, Texas and l'a-. 41 42'., -o 41 c. f. 1 4o io ::v 'r(d ProdtuH... oT1 's1 i:T't (Mj Corn I'rolu ts . al !2 ;l t'nion la Ifl. . .121 1221L- 121 122 - Cm dM St. t 1 ..222' j -j t 2"J-." 241 . S. K n Mer . . . P Ci 10;' , pip.; 1h; ' 4 Cua Cane Sg.. 1P , 4PH -U 1'. S. Steel eoni n lfji4 V Iidi!l s-eiirs... ca; r: .; rri, r. s sti i.fd..mH ivl i:r- . iiniiin.ii ... 14-;4 1" p;1. 1. I'tah 'ojiper ... 72"s T-'N 72' 72' . 1 1 ri.- l'f l 2P . Virginia nu m.. 7o'H - 70 Oasf.n Wll l.Vi 1;h l."-4 Wiibash "A" ... 2 C -s , ' 0.11. Mtrs :;is .2 ;;is ::2l'2 Weütem I.'xdon.. sd' 2 S7!i s... sT1 Croixlrirh 7l"H TJ 71 v, 7p;j stln?hous . .".2"s .V, ."V2:. ."V. ! d. Nor. Ore Cd4 .is" T.s' Willys over 2.Vt 2".'4 2.". -2".' . i Ot Nor Ity sp SJ spH WLltc Motor :' .".7 .V ' ..7:i,

ji J3t';. Markets

II W. STKAW A NO IT.F.P. f orrrrte.l luih bv tti Wlv MllUt 1 luur A 1 C o., 4;a M.!iiiiii.)

m:v iuv-im, s ri:.w 1'jyiuj

v I. il. OA'IS -I'.iy.r.c v. t-oV.l-.Z -l." "'H 10 M;W ;ulf. i avli g $1 40. diir:; t' ?1 "0 CLUVKK Si:i:D laylu5 tu., s ll ALsUd. CLOVKK Nelllrc A LFALl'A (NertLer:: gr.v n -$::u 00

f 1:

.11! t. -14 iilO O

11.5. i:;-4-14'iC.

rnopt'cr MARKIIT.

((o'rertrd Todiy Ty iT Urol lirSo'' Cror. 230 N. Main Si. IUTT1.K ANH i:C(JS-Cr -.i n-ry l.r.t t-r. paying 07.- pound, sfdün T- poun ! . t'k.'! lug .'2'- rtor.en. hILii ft Zc doro:. fki its am vi:c,i:TAr.u:s-rriiit Cn'.if .rnla raval orans. V per dozt" Virg.ni.i ptat s. p.iytr.j 1 j bu.. S".. lr. ir ..".oo ta.; new aLuaie, sillnj 10 pound.

GKA1N AMI Fl. F.D. ((orrfctrd IhiI l. O. W. llnrrell. strr .Mill. Hydraulic At.) SIIF:LL COKN l'aylnz ?L OATS Pivlnc so. , , .pi. g V0 to rJ. 15 It AN Sailing 2.'.o hundred. MIIII.INC,S-S.-ikr.g v..td hindred. CHolTKD Fi:KIi S-lliiitf ?:-ti P"' cwt. SCUATCH ri;r.I Selling .1 (t. W1IKAT I'aylns ?2 40.

rOl LTUV AM) iiirATS. (Corrrtel Daily by Jlmmle'w .Markri 12H i:. Jr(Tfr,on IXUcl. r.ET-:r Hoa-t, vWV-; boiling. 20' . round ?Pak. 40c; ijlrioln. G0c; purter ton. 70-. FORK LOIN "Zc. LA 111 r.yrzc. CIIICKLNS Drosed, Z0-

SFFDS.

iiinrs AM) TALLOW. (CorertetJ T0d.1v by K. Y. I'lppmnn, S10 Main Mt. HIPES-LV-'-'U; calfskins. Df)00; rendtrel tallow. a lb.; "ough tal low, 2T3o a lb.; beeswax. 2.j(.'c.

K. & S. Root Beer is made by tiic makers oi ARROW

(Corretrl Daily by Warnr Bros. Srrd Storp, ;m s. Mufi.;n StCOW I'I'AS-4 Zrt t föT). JAr.VNf.Si: MILLF.T 3.UÖ to fl.rA KFD i'l.OVIMt- f1i!0. TIMOTHY--$7.50. SPFLTS $4.;V) rwt. SOI'DAN ;kass ?20 pt-r hundred. alsiki: o.m. srNiT.TJwi:its-nc lb. . WINTKIt Olt HAIRY F.KTCH-$27.o er bushel. in. it: ;uass u.:o. s w 1 ; kt cr.ovr; 1 ?2." on. mammoth ci.ovr.i: --fiooo. A L FA LFA $27 ) b u h'.. wiiiti: ri.nvi-u-.fo. svi:i;t whitk clove it -Sooo. IT K I.I F i: A S W 4 .50 TIMOTHY V ALSYKK. mixed ?10 ai. KATi: S 1 1 1 : 1 cliwsirf üssex) S.rt 1. LAWN (JKASS r.'- lb. SUJA HL ANS (1 to San) 10 bu.

fa,:ft; f.nlk of sals. l;.2."'.pl.;."-o. '.V'lTI.M It-i dpt. ."mi; iuarL.'t nctive, strong; Nt ers. .1 1 Oo'w II 00; rows 101J hlf'rH. .s...Otl2..V). SIIKKF It"-eit!, none; market steady; top. JUi'..,.

IIICAtiO LIVK STOCK. CH ICAtiO. Mirch l.l.-lKKiS Kereipts. ll.OiO; marki't otJ'M.ly; bulk. $1 4..V' l.'..j : btitc-her.s. U FlHKa l.VJä; packing, $2.-r'U i::.r); lights. .n..vvi i;m; pis, $i;l-.'-c 11.7."; rouphs, M22.VM2 SÖ. 4. WIT Li; Kelleeipis. 1,50: market steady, 1T.V- 1t; b.'ff, .ll.7"ijd.".ÜO ; 1. uteher t" k. .7.lo'f.,,.2ö; earners and

uttcru. -1.7.Vj 7.."rf; .-tiM kers und S7.oo.7 12.; ic ws. r7 10iil.'.2.". Mt; iti 17.00. SIILLF Her eipts. 2oo; sti-ady' t lower: .l lainl.s. i: ;ö; ewes. .t; oofd l l.öo.

fe-drs. ealvi's, market $14 005

FOREIGN TRADE Crisis Past

livi: STOCK. (Ccrrectrd Ially by Mnjor Hro., S, Logan St.. MUluiwaka.) HEAVY FAT STF.E1IS Fair to pood. lO-UH-; prime. 1211. nor.s-i.'u) to 1. lbs., i.iuri'o to its

100 Safety S Interest Paid on Savings Accounts. Interest from date of deposit. Safe Deposit Box s. LOANS $25.00 to $500.00 or move at nominal rate of interest. The Morris Plan Company 120 SOUTH MAIN STltliET, Opposite Court IIouo.

CHICAGO J'ltODlCF. CHICAGO. Minn i:;. HITTER Creamery extras, .s--; st.iii'l irds, 0:; lirst?. fc'5'V;7V;Jc: spionds, ö2(J,.x'x. E;;s Ordinaries. jiM lie; flrsts, 127;

merlins.

So;

P't

.'o'-.e

CHEESE Twins.

.K"-4c. EOL'LTIIY Fowls. .Is.; : dmks. 22'': sprincs. ."h-; turkeys. U FOTATOKX Cars. 00; Wisconsins If) lbs., S.".l()''ar.3ö; Minnesutas per lbs".. $3. 1070."..

KKl

F.AsT 111 1FALO LIVE STOCK. EAST 15LFFALO. Mnrtdi 1'5. CAlTTd: U- 'ipts, 17Ö; mirki't slow, steulj', shipping 8ters, $l."..lj''';ir.00 : butcher trrad-s. ?M'iid:i.0O; tows, J l.fKitlO 2.". CALVES Receipts. :5n; niarkit active. ," lower: cull to choice, -'..OiKi'l.OD. SHEEP AND LA MRS Receipts", W; choice lamhH, ?CO.oor.;l0.rM); cull to fair, ldwr.jlf..V; .vearllnga. 'JKVui.lS.GO , she. p. '.ui.ooin.fw). H Mis lie eipta. .lod; market active; 10-7.V up; Yorkers, $ 1 VT."'. 1 ;.) ; pics. Md..Vi'?;l(..75 ; mixed. ?13.7'7 Hl.t)) ; heavy. $U57.".T roughs. SU-Wü-loT.; stag's. .a( ( 10 0.

CHICAGO CASH GKAIN. TIICAC.O. March 1.". CORN No. . vellow. Jl .'dUr,; 1.0I; No. I yellow, $101 i:2; No. 7, yellow. 'i(i 1.Ö1 : No. .1 mixed. 1.01; No. 1 mixed. ; No. 3 mixed. 1.4Si'Jj 1.4'.--;: No. :l. white, Sl.r'j; No. I white, $1.:,2; No. Ö white. J1.72. m.VI'S ..'ij.H )-;; N. 4 white. Pic. EAR LEY l.:Wi;l.tÜ. RYE- .t 71;. TIMOTHY -SHM'fi I2(ii riyOVER- .$iö-n'..v..ui.

MARKETS

(HI CA GO . C. KA I N A N D CHICAGO. March 1 . -

ruovisioN.

L-iFt summed' predictions wore freely made that Kurope could not survive the winter withou. American aid. Apparently the crisis has passed. th worst is over. Winter drawn to and end without evidc-nc' of disintegration and collapse. The war-ridden countries arc incroasinjT production and taking a more hojeful view of life. Kuropc is recovering .although the process is nrcesS'jry slow and will ho lorn: continued. The extreme pessimism in financial circles on both sides of the Atlantic has In en dissipated and a more confident tone prevails. Loans, while much restricted, will proceed as regards private lenders. The

natural tendency w ill he to lond

more freely. Already there i.-; prospect of materially increasing exports from tho continent of Kuropo. These will tend to readjust the trade l.alance. Other factors of uncertain weight, like j;rdd payments, will strengthen the trade situation. The

Itimate consequence will l.e im- 1

provemcnt and stabilization of exchange. This country must pruard -icainst adopting a too optomistic view, how

ever. Only productiim and 1 pre-j

ponderance d e.iorts over imports can put European trade on an eminently sou 11 d l.asis.

ÄSE

Japan Orders ',100 Planes Built by the French PA IMS. March 1::. Japan has placed orders in France for .!00 airplanes, it was learned officially today.

Your Personal Bank When you open a bank account you are entitled to more than the privilege of drawing check3 or borrowing money. Our officers are ready at all times to discy-ss your financial 11 . 1 wr

- problems witn you. we are constantly helping our customers in both their ""business and their personal finances. Can we help you? West Jefferson Bldv., Near Postoffice. Citizens National Bank West Jefferson Blvd. Near Post Office

i I ! I

Combined Assets $6,500,000.00

"Um-m I like that!

Opening HI'i Low CIop CORN M.ir. i:.2 l."dTH 1.V214 Mav H7Ts 1 '. 1I7'h .Ttilv 1ll lt2 1 41 1 4 IIP; Sept. i:,st4 i;;st ir,s OATS May S2-H W; 2 .lulv 7" 7 '. t 7ri 7' I FORK I !.iv .v2." 2.".r .V..20 ::...7. IVlH) I Mmv 21 .7 21.70 21 vV -1 J .-Uly -- 17 22.;'2 22.17 2"2.2t : ni f.s j Mnv 172 1'.2 1 47 1-.7.7 ; .lulv Din 10 P tS.'.C 1 O.". j

PlTTsIU KG Llt STOC K.

pi rrsiin:;. pa . Mr. h v. catveei --Re-dpt li-l t ; in.irktt -t. i l : rh..i. . Hiv,di;i; cd. n12 r:. ; :t: fair.' 't.'',; lO.'rfl; ve il Jihs, o,M'M I SHEEP AND LVMItS- U.ii.tx llirht:'

i inrkct teady : prime wi lt:-T. fr.irij ' V.U); k-o..1. Jl.lio.Hoo: tiir ml m d. 11 ,'7' 4 ) ;V 1 A7) V ?

JlOtiS Re !ptf. 1o d..ui '.ed- s-j ; n.ir k-n hUhrr; prir.5 1 1 : y hoe. li '.:,(. t l.".7.": : r.-1 1 ii '!.. si 7 00 '. 1 7. 1 ." ; Iicitv YorVers. .17 ct7 1": t '.rkr. 10.7.v.ij,ii"..2.; ; ir . 1 5 .'" 1 7" ; rouel... Jll U3.7Ö; M:i;s. ?. oo.':ip ,m.

INDrNrOLIS LIVE STOCK. I VDIANAPOLIS. !r. h IV HiS-r.f.-eipts. A.OfO. m.irU.t 2.tm;: up; t.--t h-tri. $14 7." '.ris er. ; 11 e.RuuiH nn l mix1. 1" 2' .ItL.Vi ; coiuT-ioii tt ch .'.c, l.2r

BOiVD TO KEEP PEACE

CIUCACO, March 13. Hev. C. j S. Marsolf was under a $500 peace j l-ond today. It resulted from a ! church row in which the parson was ' asked to reslcn his place. IE J. ; Hranch said the parson didn't wan; to j"tsi-;n and threatened to whip several id"" tv..- cor.frrecation. I

TRUST a youngster to pick a good drink. He doesn't know it perhaps, but his taste is most discriminating. It's not surprising then that youngsters quickly take to K. & S. ROOT BEER. They like its clear, rich color and its spicy-sweetness. And the wholesomeness of its ingredients makes it good for them. Once you try creamy K. 6c S. Root Beer you'll say it's the best you've ever tasted.

From the wood at the drink places in bottles at your grocers.

Kamm & Schellinger Co Mishawaka, Ind.

S-y'P

I .J LZJ

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FOB

SALE!

EL I

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mm unm

QiYPü Ff ö Ii y b Iii I own and offer subject to prior sale all or any part of 100 shares of O. K. Giant Battery stock for a client who is forced to sell. PRICE PER SHARE, $7.75. Why pay more? TRANSFER GUARANTEED. G-80, CARE NEWS-TIMES.

n Et "7j m ., .. i' r v

How Much is a Bank Worth?

The worth of a bank is measured by the service it renders. If you are seeking personal, individual service in banking and trust matters, take up with us the subject of opening relations with this strong, service-rendering institution. We are never too busy to give to anyone who seeks it, our best counsel and advice, whether they be our customers or not.

McKinnon

tr"rrr i

AMI

K Hf Wik. LH

301-304 J. M. S. BL-DG. Phones: Bell 3D0 391 392 Home 2028 -embers: New York Stock Exchange T'ew York Coltcn Exchange New Orleans Cotton Elxchange Chicago Steck Exchange Chicago Board of Trade Indiana Bankers' Association. i siiAsoNWL ornci:: iviIrvIrAv Hotel. Ilelleair Heights. IToridv

Direct Private Wii'cs to All Markets 1

REE COPY

INDEPENDENT OIL NEWS

o oar.-e f. v- ' . , ; ' i ' i .1 i ri ir.i i . r . (.;:. - !. . oi . .$ ;n the uroat -.. id".

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...pi n for mEK : i i e ; . 1 ; A iN u i:st

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j." . -.-i ..ii.'j ru . ! " V v I. .'

esx:

JZTTiiS SIGH

OFTJLS CZOCS

J C Examined

Glar.scs Correctly Fitted

in s&T

H. LEMONTREE

bouth land's Uodlnr )ptomtrltt nd Manaf'irtuiirr t OptlrUn W ctn dapllctte nj pair of Clataei, no :nattr wLere

Broken lenses duplicated the same day. Dr. J. Burke 230 S. MICHIGAN ST.

jE. Lowltz & Co. I 1 llllOKIIls 1

to-k. Hood-;, (dton (..sin a od 3

Ini-f mn'-. Men.h'-rs ( t New Y(rk S'

;-.rn;ifipp ar.a i K'- iii'. ' -1

Trade and all principal exeh in:'-. I'rlvat- I.a.d W:res to Nf. York and Chirafro.

2ft.1 I iinncrt Tmrt IllIc I'lionc: Tdnooln ,VS2'J aim ÖH3 fJKANT M:YIS Iral Mtrr.

Try NEWS-TIMES Want Ads.

rr" uiaur. z taVk y. MICHIGAN BT. H in ''''''!?-''i