South Bend News-Times, Volume 37, Number 109, South Bend, St. Joseph County, 18 April 1920 — Page 13

THE SOUTH BEND NEWS-TIMES

M Y. APKIIj IS. lii( o

BUILDING AND REAL ESTATE Strike Tics Up Construction as Cars Laden With Materials Stand in Yards Fresh Wapc Demands Are Greatest Menace to Spring Building.

The fTAitchmrn' ptrikc has inev-iLriblyha-l a paralyzing effect upon construction. i.s upon all other inJustri"H, the mnrc so in.T..rr.neh a, mot h;i;l Ju: materials arc bulky find often must hauled a lonp li.stane. TYar.Tort.ition i.s an Irnyortanl itm. IluiMin supply yards have reported tuo'lfnit'" stocks, but nn th,s' wr'" drawn upon, very limited replacements could he madf. The -"arcity of certain materials, for "which ontractorH have relied i;ron direct .shipments from the manufacturer, has necessarily halted mueh construction. Iihor controversies and fre?r. Tv act demands, not alone In the Lulidlrur Industry but in related indutrlv like transportation, constitute a seiiou.M menace, to the antlripated Hpring volume of new hullintr. Carpenter and bricklayers fit points are reputed to be aitatint; for Jl.r.O on hour and .above. No lexs a danger would be the further practice of extortion by materials producer, who recently held common brick at $30 per thousand in New York. The demand provoked resistance and lergcs containing the brick we.ro left unbought at the wharf.

Th credit situation has Improved a little, building purposes la a

abundant Insurance companies are lenderson terms which they deem satisfactory, and loaning corporations are erringlng up everywhere. Thse M?metlme.s accept second from very powerful sources. A large mortfraes, and draw their support enouph volurr.e of supplies of material, despite tho admitted restraint of hlj?h prices, credit stringency, and wasre uncertainties. While spring building may exceed the pre-war average, what may be called a boom (in hardly develop, if the amount of building that would proceed were it not for present handicaps be taken as k standard. Puildlne materials prices apparently are ceekins: a more table basis and It may be that they have at last reached the well-known "peak." Kent-s are to high as to Induco an increasing number of mercantile concerns and even tenants of apartments to buy the property they occupy.

Range of Prices of ; ' Stock Exchange Saturday

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NKW OKK STOCK EXCHANGE.

fortunately' Money for trille more

NEW YORK, April 17. Ad. Rum. Com. i. 4. 2 42 A111.-J Walna r. . 4:;c, 4.".1-J Arn. Reet Sui,-.. AW-2 I'd, V2 1"2S Am. Can Co. .. 4v 4V, 47i 4n Am. Car Edy. 142 Am. Drue Svn.. II 14 1t A. II. .V: U Cora. 211 j V-i 24 A. II. .V L. I'M.. in 112, 112;, 112'; Arn. L--rn. ...U lust; 1"7 107 Ij Am. S:i-!tln?. . "; 0s O'i V-4 Am. Su'nr IT. 1.".: l:t7 VMj a. Tti v T!p... x : vAm. Wool ...AWt 1-V.v, r-1 b"-"' Anaona Cp.. TJ', 02 ;2'; Ilal-1. IxK-om. ..14 14 IS !-; 112', it. Ac o r.u4 ?s.yk lurii. steel "i:- t)7TH '7 J'7 is. k. t : i"li i.vi io; I'.Utte A: Sup.... 2i;4 2i'i l Ciimllan Pa-. . . 4 12iH4 Ont. l;tir .. l? K71- Mi' C. M & st. I. C .TT'i r,7't "-'J 'i 37 V C. A N. V MS s4 S3 . it. i. Ac r... r.i .Vit; r.i; :n ( lt. I. I. 'A 7.".Vi 71, 7.-.S 74' i CM11 Copper is is 17 17H Cl.ino Copper.. MÖV4 t"'4 C-rn Prodii'ts.-lnrt in?. lftlr-; br2 rneibl Stel..i;J 'J'iU 2i'M4 2"'.,i . Cane Su?. r7Äi .'hi t ."ui ."7T Dipt. Kecnrlties 7' 74 Vi 7S 74 Krie Com l.l'i l.'t'-i CJ. Williams .. l.h l.'.'j 4n. .Mo. Com...;:o :m .v r C,oMrih .'h v.1; (;reat Nor. Ore :s r.s "7 "7'n (treat Nor. Itr... 77' s 771 77 77 Indur-t. Alcohol. l0"7 1th t''s Inplrnthn .... Vi ."'m Int. Nickel .... 1TJ ' j Ä :'2

Int. Papr ... Ktnn. Copper. La k. Steel .. I-ehlzb Valley. Marltie ri. . Marli e I'M. . Mex. 1'etroL... ;.ri.ni Corner. MJfiral Steel. Mis sour." lic. Nat. i:n&mel . Nat. Lend .... N. Huven it"., v y C a A Northern I'ac. (). Cltios ;as . Tan Am. (Ml . I'ennKylvanla . Peoples (iaa...

Titta. C0.1l

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n W7S o T ' 2" . 7t'4

1 'h 44; 7n S7 1 -

M ''At'' 2 4".N S7 ;;s 2tMk4 - - - 2r.S 7'.',4 7l!K',

1124 112r

7s'4 i1; 7H .s 4.T 4.1 427, 4.1

112; 41 S

Hy. Steel sps..l(r.".4 lo2T. ir2 ltrj'A

Itav Con. Cop... i:4 I-' lt Ii-, r.e:dliu: M7H "' "-x Ktp. I. Steel. .in 111', 111, 112 Seam Ilriebuck. 17n 17 17 17rt4 Slndalr Oil ... .7JM 40i :r.n4 4oN Sou. l'ao. !ty... tS t'S, I'M ISÄ4 SoutL'.rn Ky... 22U s: 22., 'JC

Studf. 'o u. ..12:54 12Vi 122 n Texas Oil 2J'.'-4 -"OS 2t;'j

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Confidence in

Heights

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Tetn.s I';ic. Totm-To l'rod T'nion IilriC. S. Ituhher.

.111

42' i 120':, 111

110

12:; 2 72' im-1; no

1. S. Sted Com.lu; lu.-, 14:44

C. S. Steel IT.1.110 I tjili t'opper... 7" VlrirlnU Cheiu. . n Wahnsli "A" .. 2-"' j

Westlujrhouse Willys -Over . WHkum i Co

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70 7 2--.'i 2

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7u 7v; 1 21

ibo;z Bend Markets HAY. STRAW AND FEF1. (rorrecte-I Dally by the H'eMey Miller Floor Feed 420 S. Mkhlcsn.) NKW HAY rnj'.ni; .TO. ellin 34. STRAW I'ajlD,: 5i: lelllLg ?11UIG 0bdle. OATS Paying see. nelllne ?1.0O31.10. NKW COHN I'ajlr.g l 40, selling 1.75 to JIM). CLOVER SEED Parins $32 Lu.. eil log Wil'&S bU. ALSKi: CLOVER Selling $3. ALFALFA (Ncrtbern grow u, 1-10.00.

MONEY AND FINANCE Strike, Reverses Easing Process of Month Past, "Freezing' Credits Phelan Bill Gives Some Promise of Relief.

Easier money following the various settlements due around April 1 liaa been freely predicted. Moder-Ute-call rates have furnished supporting evidence. The temporary Intervention of the railroad strike, however, has unsettled the most careful calculations, "freezing" credits which only the sale of goods de-

lenders. Aside from transient effects of the strike, the most important aspect

ff the monetary situation is the tnnrket'3 response to recent offerings Df new securities. The?e have intreased amazlnsly in volume and tvill doubtless show a further increase unless tho market tightens. The Investors' appetite for gilt-eded taper at attractive rates is cheeriner. It Indicates the nation's ability to provide funds for legitimate business, and suggests that the banks' campaign on speculation and the general deflatlonery movement have not been without effect. The credit tension has perceptibly relaxed although rates will continue hih and money ecarce tho country over for on intleflnite period of time. The Phplan .Till. passed by conpTesp. has won approbation in banking circles. The precipe effect of the reserve banks' new power to iaie discount rates on a graduated Male Is much discussed. The natural effect will bo to repress unnecessary loans and give business eni;:igd in increasing the production of staple a distinct preference over Fpeculttive ventures. The federal reserve board can be relied upon o in ike Judicious und effective use of the means Kivcn it to check abuses pf the rediscount privilege. Commercial loans have expanded probnbly K-.000.GOO.000 since the armistice and are still expanding, hut fortunately loans secure by war obligations show a marked decline. Money is apparently groins into the riht p.ands. Kxchanpe reacted after its vigorous upturn, as was only natural. 1'rench occupation of Herman territory, necessitating further heavy e-

pciiiiiiuir, na? iifirisr(i ir.e irane. l.ittle has leen done in the way i.f foreifrn loans. The international

tinancial conference, wl;;oh meets t ext month, should give this nh ive

i'f rCftnstruction needed impetus.

GRAIN AND FF.ED. (rorrectfd Dally by O. W. Durrrll, Sf Mlllt, Hydraulic At.) SIIF.LL C1KN l'uylug 1.U0. OATS-1 1.15. P. It AN Sellins ?2.70 hundred. MIIIId.N(iS Svlllnff $a.li5 hundred. CUUPPLD FLL'D elllDg .W per cwt. SCRATCH I-Pmi)-SelJinff ?4..V per (;itINTnNCS-o bushel. V 1 1 1 : AT J t t l n e 5 -J.70. UL Paying ?1.70 hushel. SEIDS. (Corrected Dally tjr Warner Uro. Seed Stor. 2(J S. Michigan St.) COW Pi: AS $7.00 bushel. JAPANFSi: MILLirr SI.0O to $3(0. RIM) CLOVE It $s7.00. TIMOTHY 17.50. SPLLl-S $I.W cwt. SOUDAN GRASS 1S per hundrfd. alsiki: :w..io to ?40(o. SU' N F L O V I : RS 20. pound. VTtXTEi: OR 1LAIRY lTdüTCII I27.0C per bushel. r.i.ri: ;kass $r.oo. S W KPT C LO V F. R $".00. MAMMOTH CLOVER .10.00. y WHITE CLOVER $15.0. SWEET WHITE CLOVER ?T5. FIELD PEAS $.-. TIMOTHY Ä: A LSYKK. mlied-410 bu. RACE SEED (Dwarf Essex) J-S.00 bu. LAWN GRASS WOc lb. SOJA PLANS (1 to San) 410 bu. RA RLE Y -V;5. bushel. SEED CORN $4-50 bushel.

Cllll to clml.e. $7.0012:1.(10. SHEEP AND LAM15S Receipts 2); marker, no tra din HOGS -Receipts, 150; inark nte:;dy: nu quutatiou.

rillfACO LIVE STOCK. CHICAGO, ..prll 17. Hm;s Keeelpf. T.."o; inark"t "!rni;: lmlk. $14.7-"' 1 7" ; bnfthers. ?H.4iV(jl.V.K: parking. Jdl'.7.V l.'5.7"; lichts. ll.7.V.i.l."i!; pigs. SLJCoe löoi: r.Liirlm. l2Ai'a:.. CATTLE Ee elpf. 7.oi: market 1W Iou t: beef. 10 ."' 15.t0;. but li-r sto.-k. 7.."iO'j' 1 4.1.".; (aimers ami cutters. ..rnff s.7-: .t-kers Mii'l feed er, f7.ött' 11.'."j; cows. 7.0011.1.". SlIi:i:P-Reelir. mnrket sfe.üly: wool laui'is, $11 .intfit jl.73; chtj, fll..V"il5.ÖO.

CHICAGO I.IVK STOCK. CHlCA;o, Ap-il 17. RITTER ('reatiiery extras. CILjc; sfniulariN, C-lc; flrsfs. .'TtfiCc; sitoiuN. 4".Viö-. EtiGS Ordinaries, 07Vi;isj; tlrsts. 41 41 ie. CHEESE Twins. Tj:,c; Amerkas.

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POl'LTIlY-rnwls. ducks

?fsc, "Jl'c ; sprlnss, .0s: turkeys. :"h-. lMrTATOES-(.'ars. P; Wisconsins per P) P.s.. $7..VKi.s.(MJ; -Minnesotas r 100 lbs., $7.G0''iS.l0.

CHICAGO CASH GRAIN. CHICAGO. April 17. CORN N. 2 yellow. $1.7.11'.: No. 1 vellow. $1.71 1 jtt !.71 : No. 4 yellow, $l.fi7fi.l.(W: No. 1 mixed. S170.i; No. a mixed. $l.t?Vf 1.70; No. 4 mixed, $1.07 l.rr-ii ; No. 3 white, $1.7Ji: No. 4 white, $!.?. OATS No. .1 white. ?L0ll.O24. PA RLE Y 1.GOT 1 (X CLOVER $ 10 0(xi v"5.00.

a d I n r with adrertlscrB

mews more for less caih.

It is one thing; to "buy a house;" It is quite another to "choose a home." It is a notable fact that property owners in Harter Heights are not the victims of "high pressure" salesmanship. Men who represent this tract are enthusiastic, very much alive. and courteous. But they are acting under a policy that does not encourage the "sign here" method. The spirit of cooperation and community interest is developed to a remarkable degree in Harter Heights. Men and women who have bought homes there invariably influence friends to join them in this beautiful residence district. Such folks we consider our best salesmen. In fact, with due apology to the Packard Motor Company, we would say to you who are considering a home site in Harter Heights, you could do no better than to

"Ask The Man Who Owns One.

Representatives will be grounds all day tomorrow.

tho

Louis G. Palmer 6? Co. Suite 412 Union Trust Bldg. PHONE MAIN 1469.

LIVE STOCK. (Crreetl Daily by Major Itros., . Ltnn St., Mhhwka.) HEAVY FAT STEERS Fair to good, 1V411'; prime, 12tfl4c. HOGS I'M to 100 lbs., 14c; l.'O to 173 lbs., 14 Vic; 175 to 200 lbs., 10c; 200 up 15c.

; MWI""i"'ii iMimii ..n r i t , , .um.

isnes

is hard on wedding rings. A neglected roof is hard on the whole family. THiNK If your foresight is as good as your hindsight, you will soon be among the thousands living beneath an ELABORATED ROOF. ELABORATED The foresighted man's roof. Elaborated Roofing Co.

A. W. Logsdon, Mgr. 218 N. Michigan St., Just South of Orpheum Main 2403

i E

npHIS BANK is big enough to care for any legitimate commercial demands made upon it by its customers, but it is not so big it disregards the delightful "H uman flavor in affairs of business which go to cement business acquaintances into personal friends.

BUSINESS NEEDS A BANK AND A BANK NEEDS BUSINESS It's Entirely Mutual Citizens' National Bank West Jefferson Blvd. Near Post Office

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Combined Awetl $6,500,000.00

Mite.

rnonucE mahket. (CorrrrteO T-'Iaj- ty ie Drolhrhood Grwerr, 230 LaJn St. RPTTEi; AND EGGS Creamery butter, paying f.v pound, Rellin j l.lc pound: egp. p'avliig 4o dozen, Belling 4Sc dozen. FRPITS AND VEGETARLES Fruits, California naval orange. 00? per dozen; pellinp: $S cwt.; new cabbage. Belling 10c pouml. MAl'LE SYRUP Selling $.1.50 gallon.

rOCLTRV AND MFAT9, (Correcte! Dally by Jlmmle'n 3IrLt. 1?8 E. Jefferson IHd.l REEF Roa-t. c: boiling. 20c; round uteak, 40c; lrlolr. C0c; porterbouse. 70. FORK LOIN Xo. lard acav. CHICKENS Dreaded. MK HIDES AND TALLOW. (Corerted Todav by 8. W. 1'lppman, 210 N. aialn ft. HIDES lV-'JO: calfkins. DO-giM; renflered tallo. SSc a lb.; rough talALFA I.F A $2(Z'0 busbel. low, 23c a Ib.; beeswax. 2ü35c. MA RKE TS

CHICAGO GRAIN AND I'll Ö VISION.

A MILLION AND A HALF DOLI

V II II

OUTPI BEND TAVERN C

OMPANY

CHICAGO, April 17. tpeulng High Low Close CORN Mar 1; 170 IC- W Julv lt'.l ltVls iciij Sef.r. I5a i-7 l 4 OATS May w tr; v. .luiv 7l SN., s; 7 FORK Mav r.T.r.o .it.w r.;.05 r.T.ia LARD Mav 2i.2T. 2Ti Uo.20 20.2Ö Julv Ul.'JÖ 21.2.'. 2102 21.10 RIP.S M;iv 1S.47 1S.-.0 142 1S4Ö July 1?) I'.MV) lt..j H'.V

Union Trust Company Safe Deposit Boxes vrlth f-pcclal f&cUltles for the privacy of cuj-tomers.

lMinXAl'OLIS LIVE STOCK. INDIANAPOLIS. April 17. HOGS Reeelpts. .T : market steady: best lieivies. .K 01 1G.U; medium and ralx i . M; 2.Vi-ll .""; common to cbolce, ?lt';.7:: l-.uU of s.ile, ?ir...V?'ltV7v CATri.E Reeelpt. s: Market si an lower; steers. 15 10; co s ftnd heifer?. n.(WV,; 14.00. SHEEP Re.elpts. 10: market steady; top, -S.G.iil0.W.

This company, now being incorporated through the offices of Romig and Miller, Attorneys, will build on one of the best

. LOMITZ &

BROKERS 263 FARMERS TRUST BUILDING Phones Lincoln 58295830

MEMBERS: 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

down town sites in

South Bend a large

fire -proof, strictly modern, first class, every-room-with-bath Hotel.

EiT Itl'FFAI.O LIVE STOCK. EAST El'EF.VLO, N. V.. April 17. CATTLE Receipts, 40; market !ow. ste.tdv : shipping steers. Sir. UV7 1 1 AO ; Lntrhi-r grades. $'J unLLOO; cows, $4.00 10 ."-. CALVES Receipts 2"; market steady;

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THE HEATING PLANT corresponds to the heart of the human body, and there is nothing more dead than a house which cannot be heated. We understand the science of heating and know the amount of radiation you need for a room. Furthermore, we know how to take into consideration the outside conditions which may make it easy for you to economize. J. A. LUTHER PLUMBER

I j ! 21 ü lIiLLk

Hp1 .fs

FT?2?

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1 Cr2 Nvl

"ONE OF THE BEST ANYWHERE

OUTH BEND TAVE

Tb A iT7'

ermm iarks and Bonds

onderful 'Speculation

ijerman marks and l.nls are .1 .. r.r i r.u' !.ii! !v .'f. r t l.e -rst opportunity for larce proIiis. iSZ THOl'SA.M) MAllKS vvhi"a in l'Jl cost i'ZZd. art; selling today f,r at"iit v.y ar d sh'ul ! advar.'.-e J-harply when the separate t: aty v. : h r:. t y. al ready parsed hy hf iioii', i ratit.' d hy the rrd'-,i ' ,rf s r.:it-. TKN THOUSAND MARK 4 '-rinan M ui. ,1 I. :. .r:.. .!: worth 2.4m0 are now off red 1-y u apprxini-tf-iy $22". !'; ' .

B to advance and price adjustment upon r ' il .f .rdr. A' t pri'Ti.j't-

ly. Call or s-frl l ank draft or mjr:--y .rdr ilh instrut ti" ;. We present l' iov .a l:s-t f c;errnan ir.unj ipa! I -:! w jrh market quotations expressed in dollars per l.U'ci isjarks !' a'.'.4 : Berlin 4'. S 2 1 : Mremerj 4U'r J22: i'oln.T... 4 s 2r..": ('.,! '. 4 -

$:.". r.r; Var.zic 4"s ?2f: Dresden 4s $22.7".: Du-s- l-P rf 4 s : 4.s J22; Frankfort 4s tZ.r,'); Har-ihurT 4V 22."": L;p 522.2G: Mannheim 4'k $23.50: Muni' h 4's J 2 4 ; NurerahrL- 4

Stuttgart 4'j $23. LO.

OKH.MAN c;OVi:itNMi:NT r.'s 314.7: 4" 17. . '!-. ALL 3

THI'Si: HON'nS SOU) AT $22S llVA'OllK Tili; WAE v.'i: also huy and si:l;. i.nuiirrv ip.ds at i k i ;s isi .SO.MK OF Till: ISSUIIS AKK SELLING AT APIMI NIM ATEI.V Ji: DISCOUNT.

QUOTATIONS ON FItKNCIf. P.FT'.IAN'; ITALIAN V N I ) nTHi:::

i:luopi:an üonps fuiinisiiki upon keuest i

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.a n 1T 42: .1 M. S. HLIX;. (IX)CHTII II.OOIH sorrn hum). Indiana. 118 VV. Colfax Ave. IL