South Bend News-Times, Volume 37, Number 102, South Bend, St. Joseph County, 11 April 1920 — Page 13

'M)Y, APRIL 11, 1020. 13 .NEWS OF THE WEEK IN WORLD OF BUSINESS Stocks and Bonds Manufacture h -(v : Domestic and Foreign Trade s J

THE SOUTH BEND NEWS-TIMES

THE

AGRICULTURE

Fanners Lose on Cattle Sold on Declining Market After Consuming H i r h-Priced Feed Middleman Has Place in Distribution. But Under Control."

A cloud ocrhansr3 the cattle industry. Many farmers have old cattle thl hvrinp; at a heavy los. They wer- compelled to buy feed at unprecedented prices and thn s 1 1 n a varill.itinK market ahnittnily out of 1 1 r. with other markets. The combination proved too Ktroritf. Whether the avemtce farmer will he inclined to buy feeding stock as heavily as us lal next fall is a question. Of coutf, feed prlrf-s may KO Oown and cattle pri s rise. If they lo not. the production of beef will inevitably Kiiffer. With Ish demand for feed and less be f to ..itl.-fy the reasonably constant demand for this stnple, pries will resume their proper relative, position. Removal of packer control from th fctoekjards and the Intervention "of coopatlve livestock marketing association may help restore the balance. Jt Is inconceivable that the cattl" industry sho'jl-1 experience a lontfcontlnuH p-rio'l of lpprcion. Middleman lias Plav. While urjririK direct contact between consumer and producer, the diM-ernint; farmer nevertheless recognize that th- midtlleman exercises a nfCRsarj' function. If he is diyplared, there must be u Substitut. Only a nmall percentac' of farm products are susceptible of direct sale from producer to consumer. Staples like wupar, rotton. tolmcco. hides, and wool must b processed, or manufactured before distribution. The present machinery of liaribution Is the natural outgrowth of a complex civilization and a minute fob-division of labor. Some one, heavily financed, must buy the crops, store them, and dole them out aw the need requires. The farmer l.s Interested principally in finding romp way to put the middleman under control, regulate Ids profits, and prevent manipulation of the market such as will jroupe the producer and the public jJi'ic. In ynnif instances the farmer will become his own middleman or appoint one, erecting his own machinery cf distribution . somewhat alonrr present lines, but with a view to overcomirp certain conspicuous uefecta. To Itnlso Quality. Parallel with the campaign to have, the firmer adopt business methods nnd increase his efficiency runs another campaign to raise the quality of agricultural products. The public will always pay a substantial premium for quality, whether it be in shoe or automobiles or livestock, fruit, and garden produce. The fanner need not iiake an experiment station out of his farm, nor ne'd he Kaeriüce quantity to quality in most case. He can buy better breeding stock and better -ed and employ methods host calculated to improve the quality of his product for a sum that will seem trivial when measured by results achieved. Quality poods pay hiph dividends.

Range of Prices of Stock Exchange Saturday

gea. O: Fprlne, .".So; turkeys. 4V. 1' IT ATI Ks Cum, 4: Wisconsins per 100 Ib.. 7.tti7.2i; Mlnneiotag r" 1W

lb.. $7.Xa

NMV 1IIUK HTOCK Nl:V VOICK. Arril lo

AIils-t:iinlinrs. . 44. Am. iwt .sjif... id Am. Can V 4 -iu. "r Fd.T. . .11.". Am. lri!ir sv. :'H A. II. .V L. C,,ni. 2.1 "-a A. II. I.. I'M.IU'., Am. lA-im'tir'. 107 Am. Stiwltlnj: .. '-. Am. Sijfnr . . . . l:!;., Ala. T. A: Trip. Am. Wik. I i.V.

Ariiiiila t';.. ,

Attii'iij

UnM. Iiioin..., P.. Ar O IW-th. St ff I '! H. U. T butt Sa. .. Cd If. Ivtr

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r. v n. w. . ('. K. I. ... (. i:. I. Ar V

.14.-,

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4 j 14ÖN, ir.H 2o 1 14 ' i lo7 W l.rr o, I'M' v-"l i ; l, 12..

ndll t'i.irer

"rlici .j.r. r. i Vrn I'rudu'ds 4'ru ll.l st.i '. ('ntic Suae. 1'. S. Food .. l!rb' I'M

lien. M. Com . ...1 (Jell. Mo. I'M.

;M..lrloli ir-:it .Nr. Ort(treat Nor. H v.. .

17( i;

VI t ; is--; ::7, Ko 271-; (ai'M 21 U ' il 71 7M,

id 1 147H ir. 1144 111.', 1.-3 irw'i N-JV H.P7 ir. 12CV, MP-j :!'; ni, CA it-; -.4, L'l

r.73

K. I lndust. Al-obol. Ö7Ü W I Illinois iVnt. . . ' 10 ! 44'; Inspiration 5S4 f: .''i 1 ü'h Int. M. kei .... Z LT'u 22; i Int. Pn pr M MU sa1 saf-. 14ÖS. Kan. Cifv Sou... 1 17 ' J3 i Kinn. CopiKT.. .".I s ?.2 TdU ;tl j jra.j j L.w k. 8t.l 1 Ml, 71' Hli4 11C ! Vnlley.. 44 II , loP J Murin C'-m. .. :t7V. T'.i ', ' 37 3 I Marin. I'M H7 trH 'vj 1.T7 ! M i. IVtrf.Icuni.llrj; 100 1"1 ' J I Miami Cpprr.. lit l'P-i l'4 1 l.V.v; MMvale Stcvi .. 4V.S 47 4S I CC, Mi.niri I'a-. ..17 17 M'i Nut. Must iij1 .. 7s' .. 7' , 14 Nat. Iad .....s7'-. 0.1 S7 t'2't i N. jiav.-u i:y. .. .'U ::2i :ct! f.--, N. Y. C 71 l 72 704 71 '-a . p; Nortliern I'ie... 7s'j 7!'i 75' T.s'i 27 Norfolk & W... Jr :;si; o. cities (;.. in; 4i; 4.TS -ath III"-, Pan Arn. Oll ..lo'. 10; lo4T 1C.th .s7 ivnnnjlratda .. 12 42 41 41"4 r.t'.S " .t.el S(rs...KvVi luvt jfrjT nv. Kay Con. C..p... 2 2) l'.T; r.24 Kradlnp W4 ST. Hep. I. dr. .Steel.. 113 U 114 lll-'s, 114 M Saxon 17 17 17Vj 17, it Slndulr Oil ... VZ 4.1 4."i 42Trt 1st; Sou. Pa Ity... fst-j W !s' lf .nv; Southern Uy... ll 21 2Tt Stüde. Com. ...lis ijo-.; Us l20-; 1(0 Texa-i Oil SO 27 'JrA'j 1T.! Icsus V I'ae. .. 4J-i 42'a 42 42. ,V; Tolaio I'ismI... "1, 71Tx 71'i 717, , fVH Union rclflr..ii! iu ll'J ir. . 214 l S. Itulber..lll"N U?. 112 HS'i; ic, c. s. stci Com. mv, ioü lor, nviv . r.7.1', r. steei I'M.ip.".. ir:, Sr; rtuh Copper 77 i 77U 7'.'i 77; : 71 -j Wrutliorlioime .. ."!' r.J, .VJ, TCV :;s4 Willy Over. 24 24 24 7U WMte Motor .. C;4 lT7 (17 L7',

K-ST IUFFALO LIVE HTOCK. i:a.st iu'kfalo. April 10. cattlt: Itccfiptt. 1(; market n tlvi und sfady; shlppiug 9t.rr. ?H.Uyil5.(: bntrher gra.tf. fC.rtVg-13.00: rowi, fa.ooii.a CALVES Hce.'pt. 4O0; ranrliet SOc uj: cull to chob-e. tcmiivi.y). SJIin:i AXI LAMHS- lteecipt. 40rt: n.Arket active, firm; rtiobe lanibn. J22.O0 22.0: cull to fair, $lfl.rtv,r21.75; yearlluifs. Stf&irtiWM; nhep. X0O(?itlöW). HXS Ilfcflpt. l.llo: luarket ctlsf Heady; Vorkcr. ?17.--0',f IS.00; plffs. S17.217: mUK ?17-Vy5ilMO(): heavy. lo.r il7.2S: roufbii. fl3.Üii-14.00: stnf:, fj.ou U 10.00. riTTsnrno livi: stock. nrrsitriu;, pa.. April 10. cattl u IterlptH liyht: market Ptronff; choie. SI". 7514.2.': irnod. S12..Vr?fU.'-l: fair, f 11 .00.T 11 .-.a; veal calve. fls.oofrrli fiO. SHF.i:P ANI L.UfHS Itecelpts fair: market Idlicr: prime Mrethor. fl.TrtV i4.uo: eo..i. fii..Wo-i.v: fnir mlx.i, yj.vca 11.00 ; lamtirt. f i2.oyff.prt. IKMiS necel;jt, 15 doubledecks; market, no quotations.

OATS May 1H 'M wii re.; July Mi, 87 K3v. si.4 POKK May CöSo r.l?7 S1M LAUD May 1P.CO 10.7T, 19. r A 10.7t July 3U 45 2i.Xi 20.4O 10.47 R I PSMs y IsP.o IS Is. 22 ls.2. July 1SÄI 1H.10 IS. 75 ls.77

Markets

HA Y, BTHAW AND IT. KP. (Corrix-liHl Dally by the WmU) MUlff

"lur ! C 450 H. llciln.) NEW HAY r.ny.nc S'dlinjc $.14 STRAW l'ayirij SI': sHllng $1110 o KV l.rde. OATS Paying Söc. pHllnc ?l.OTK?1.10. NKW COHN I'ajiDg 11.40. wlllug $1.75 to no. C'LOVrn SKED Paylnff $,T2 bu.. srllIng $..h bu. ALSYKK CLOVr.U-Sellln? ITS. ALK ALT A (Nortliern Krovrn TJ) 00

f.J.tiO per 14 25 pf

Reed

BUSINESS OUTLOOK

Scaling Down Profits

l'or a time the averapre dtizen, rmd pirticularly the average vae earner, who participated in the many wate advances and the in'tiasfil profits of indnstrv during and after the war counted hin dollar with much inward satisfaction ;md measured his income by their liuriilicr. Now he is beinniri to :)ti;ilyze Ids Inromp and tinds that it has not ltdtillod its early promise. In view of the well-known depreciation of tr dollar. asuminjT that ether factor.: are constant, he must boost his prices. Id:" profit., or his v aires another v tch if lie is to maintain even norma! earnings. Yet this p-.ictiro leads nowhere. If prices are ever to cone down. :t"d if coiu'.ifio-.is are not to ho intoltralde for tho. .vns ir. me? art s-.il.staiulally :ip(i, it rr.i s. stop. ''.";)rs who.'o .11.1 -i;in of prollt or

vüir !s ;r; t !: ri:N -l es w':-.

CKA1.V AXI) FKEP. j (CorrectPtl Imll hr O. V. llarrfU, Strr Mill. llTflrnallc AO

SIIKLL Cti'CN rnylr.r Sl.fy). OATS Paring $100. nelllnc 35t. 103-1.20 PUAN Selling $2.W) liundrcl. MIDOLINUS Slllnir $.125 linndren.

CIH)l'l'tI l'KEl Öelllag cwt. SCRATCH I-'EED Sellinfir

WIIHAT I'aylnc 12M. SKIDS. (Corrrrted Iaily by Wpner Ilro.

Storr. tin S. MlrhlfTin St.) TOW PKAS $7.00 f.ushel. JAPANKSK Ml 1. 1. KT $3.00 to $3 50. ki:i CI.OVEK flS. TIMOTHY $7.00. SPELTS $4..ri0 cwt. SOCMAN CRASS $1S rer h nnd red. A LS IKE M0.00. SI" N FLOWERS- 20- ponnd. !nti;k or hairy retch $27. per huslifl. RLCE (iRASS ?.'O0. swj;ra clover $25.00 MAMMOTH CLOVER 4(.00. WHITE Cf)VFU-$Y.00. SWEET WHITE CLOVER FIE LI n:AS SÖ.0O. TIMOTHY A: ALSYKE. mlxM $10 bu. RAPE SEED (Dwnrt Kssex) $S.OO bu. LAWN (i It ASS t50c lb. SOJA It LANS (1 to Snn) $10 bu. P.ARLEY-$2.05 busbel. SE EI CORN-44.50 toixhel. LIVE STOCK. (Coprt.a rlly ! InJr rtro., 8. L"tn St., Mlitiavrakik.) HEAVY FAT STE17RS Eulr to Rood. lWi.ll.-; primp. 1214c. IHXIS 130 to 1ZJ lb.. 14c; LV) to 175 IPs, 14',-jc; 175 to 2W lbs, 15c; 20J up 15c.

tor, paying 70c pound, ielllnff ?u' pound; e(T!f. pHVln 12." fle.en. ifi-liin 0c dozpn. KREITS ANI VEiETARI.i:S Fruit. Coltf rnla natul oranijes. tv aer dozen; Vlrtrl'd potat -es. pnylng $375 bu.. selllue $4.25 bu.; new cubbuge, ei'lllng 10c pound. MAPLE SYRL'r -Selling $3.50 gnllon rOl' LTItY AM) MEATS. (Corrected Pally by Jlmmlr'n Market, 12 K. Jf(Tfrfn llUil.J REEF Roant. 3i--: bolllntr, 20.-; roun.l steak, )c; sirloin. CO-; porter houe. 70 . ptRK LOIN 35c. LAR1 3-Vfl35,'. CHICKENS Dressed, 50c.

l'ROni'CK MARKET. (CtTcct?J Todny y tlic nrotlirhood Grocery, 2: N. Main St. RETTER AND LGGS Creamery bot-

II1DEH AND TALLOW. (CorectefJ Today by S. W. l'lppman. 210 X. MaJn it. HIDES -15C-20' .alfsklni. 3000; endered tallow. TxS. n lb.; -oujrh tsl ALFALFA $27 bimbef. low, 23c a Ib.; beeswax. 2535c.

MARKETS

CHICAGO LIVE STOfK. CniCAtiO. April 10 IIOUS Reeeipfs. 5.oo; market b.wer: bulk, .14.0fdl5o: $W.oo; llffts, l.T7.Vftl4.7.1; plK. $12.oir(-

1.Y00; llifhts. $l.V2.Va 14.75; pljrs, $12US.

14.0O: roucbs. $12.0oa 12.50.

CATTLE Receipts. 1.000; market steady; beef, $10 00015.00; butelior stock. 57.5013.75; CMnir nnd cutters. $4.2561? b.00; utockers and feeder, $7.5J'll..s5; cown. .7.5oW.75; cnlve. $RUn!rl4.5. SHEEP Receipts, 3.00; market efendv; wool lambs, $1 SAXHj) 20.75 ; ewes, $ll.tiI-L".tl).

CHICAGO CASH GRAIN. CIIIC.;o. April 10. CORN No low. .1.7-'; No. .'; yellow, $L70V ; yellow. $l.iV.7i 1.07; No. I mixed,

No. 5 mixed, $1.1; No. 3 white, $l.CJ OATS No. 3 white, $1.04. RYE No. 4, $R.iV.. TI.MOTII Y JAM Mt 2.0t). CLOVER $40.t"Kr 5.1.00.

2 velNo. I

?l'";

Chicago ritoni ci:. CHICAGO, April 10 HITTER Creamery extras. 63c; standards. G2',e; firsts, 57friV'e ; Fceonds. 47W52c. EGGS Ordinaries, axd;37c; firsts, 40 40 V. CHEESE Twins, 2t4c; Americas, 31 'vc. PoirLTRY Fowls. 41c; docks, Rsy;

mi,F! content "ortioM iteiv ievs

es. Ail cannot portion. There

I ...

m norniii have their iirrmal

is less to divide. The conclusion is inescapable. In sheer Justice to their fcliow-m n -ricces-MfuI corporations. wealthy landlords, privileged waire earners, jind professional men of lare inome shovild not raise their charges with a view to rcstorinir nil tho oricinal purchasing power of eich dollar. Pome must yield a part of their abundance If others are to have the bare minimum essential to decent livinpr.

CMIlATIi SCCCKssrVL. Ir Asciatci Preps: " STOCK POUT, Knjr.. Arril 10 Hoth coalition candidates were s iccs!.ful in the contest today for the two parliamentary scats here. The 'abor candidate polled the next 'arKst number of votes; the independents" nominee w.u third, and the Irish workers' republi.-.in candidate last.

wmmm

-C by

IT TAKES PILES OF LUMBER to supply the demand we have for it. Besides, we always keep enough in stock to allow of thorough seasoning. What this means any builder or carpenter can tell you. Such experts always buy their lumber here. Don't you think it would be wise for you to do likewise? City Lumber Co.

Broadway and Lafayette Sts.

Try XFJT'S-TIMES Want Ad,.

On a Lot by Answering Advertisement of SOUTH BEND REALTY COMPANY on Page 14

11 dli fil

They are good for $5 if applied on a Floral Park lot before April 30th. You can buy a lot in this beautiful subdivision as low as $290. BUY NOW

Lembach, Humphrey & Prevatt 522 Farmers' Trust Bldg. Main 754

rmrAc.o c;icin a?i provision

CHICAGO. April 10 Opening High COHN Mar If.s K.s; July lvo.i irj .Mept. lV.'x lCtt

17 loot; iy

irIMS

INDIANAPOLIS LIVK STOCK. IN"DIANAIOI.I.S, April 10. Receipts, 3.COO jruirket nnnilral. CATTL1J Iteerlpts, mo; market nom1dI sirEHP Receipts, 100; mnrket nominal.

EiSD 'KEGOTIA TI0ISS WITH RED LEADERS By Associated Press: COPENHAGEN. April 10. It is ofHclally announend that the British delepaUon has concluded its nrfirotlntions with tho Russian soviet rrpresfntntlves, respectlnp: tradirn; relations between Great Hrltain and ItUKsia. Th-re Is ffood prospect. It is added, of an agreement belnc: reached for the early establishment of trade with Iliusia.

Try NEWS-TIMES Want Ads.

There IS a way

to oe sure

When you buy a home it is a simple matter to judge the general appearance. The neighborhood, the surroundings and architectural design are all visible and their true worth easily estimated. It's the hidden things you should be particular about. Take the plumbing, for instance, it is built inside the walls and buried under ground impossible to judge. But there is a way to play safe. Just ask the owner, "Who did your plumbing?' If the answer should fortunately be, 'Tom Williams," you're safe. Go ahead and buy if the price is satisfactory.

Thomas Williams Plumbing and Heating 122 E. Jefferson Blvd. Phone Main 626

L0Ü

BR OKERS ' 263 FARMERS TRUST BUILDING rnones Lincoln 5829 5830 MEMBERS: x New York Stock Exchange New York Produce Exchange New York Cotton Exchange Chicago Stock Exchange Chicago Board of Trade Minneapolis Chamber of Commerce Milwaukee Chamber of Commerce St Louis Merchants Exchange Winnipeg Grain Exchange Indianapolis Board of Trade Peoria Board of Trade Our Direct Wires to New York and Chicago Insure Prompt Execution of Orders in Stocks, Bonds, Grain, Cotton and Provisions

i I

'W,s .

i 1 . .f -

I WW p x I ZW$0$A bit 7r f X m J Ulli s F g-'-y, . 'I ! y '. - - j

Here9s a

UST let some K. & S. ROOT

J BEER pat against your lips and notice how creamy it is. And i then when you get its taste of spicy sweetness notice how refreshing it is. There is no other drink with the same full flavor. Try it at the fountains or get a few bottles from your grocer for home use. Kamm & Schellinger Co, Mishawaka, Ind.

K. & S. Root Beer

Thomson & Mc

MIHI

Oil

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. SKASONAL omCE: i:ims Hotel, Excelsior Spring MIourl.

351311

If You Want a Paper of Exquisite Beauty you certainly roust see ours before making your decision. Indeed, we are sure once you se these modern and bpautiful wall papers you will fetl that it will be uselesJ to seek further, especially when you learn our moderate prices. C. E. LEE Wall Pajcr Paint Glass 225 S. MAIN ST. Opposite Y. M. C. A-

Direct Private Wires to All Markets

.t s

Bargain

ir-

Union Shoe Company

223 So. Michigan Sr.

Sire money b pitronbter

rncrcnints tnat "advertise. I '

SEND YOL'It DKY CIJltMNü AND PRESSING TO

22 N.-MALV SI. Telephone. Uncoln 174

This afternoon and tomorrow we will offer the buying public a choice of 19 beautiful lots on or adjoining South Michigan Street. Prices from $200 up. Terms you cannot match anywhere $ 1 .00 down an d $1.00 a week, with no interest or taxes for two years 10 7' fr cash first year. Between Stucleb.iker's new addition and South Michigan St. "Nuft S'-d" Buy with others who will protif by their purchase 30 families live here now. Wr have all the city conveniences necessary for health and h. ppiness. To Ret there tak the South Michigan St. rar to end of line, where ;ur men will show you thes fine lots. If you want to come out during the week, 'phone Main 5125 for appointment. SOUTH END DEVELOPMENT CO.