South Bend News-Times, Volume 37, Number 151, South Bend, St. Joseph County, 30 May 1920 — Page 12

12 SUNDAY. 3LW 3. 1020 THE SOUTH BEND NEWS-TIMES s

UNDERWRITERS SAY FIRE CONDITIONS HERE ARE FAIR

Insurance Investigators Condemn thr Shingle Roof, However, 1 i 1 1 men jtc vails Here. Th hin'p roof, h" v-hJ-l vhi h .i rrl" I devastation arro.M Atlanta 'vith a !o of lj'.ii! 'iir.es v;iluel at $S, 500. 000, that vi;.--.l out .Sitl-rn Ch"!s"a. M.i-, i'arH and 5ran!vu.'W, Tcx.t,", within a f-w i-.ours rouM df-tr'.y South He ml ov-r r.ih? arrtjrdin to th- s.'at me nts f the i irtv from the New York ott:' f tew- National I5o ard of Fir Undrrwrit' r. which is r.ow rnalcint? a sirty .f the city that will deter:!iin it r ir,s:ir;jr.c ruU-s hero for at I'-.ist fiv vfarH to com-. Tli" i . i -. t "' th- ordlnan"? prolubitir. jO.irt;! roofs which will onir- o fore th city -ouncil at its : : rn'tin, t!;cy ;.cI.ith, would i,- ?hf rcat'.st t- r thi- f-ity eoulJ T ike toward permanently lvrin its iris'iranv-- rates a v 11 as lirniaafir.tr th pr tt-.-i Mr.;!' !':r hazard. Th'" ordinance would prohibit the reriiOn fit shir.le roofs from the tiin of i.iat:e and the repair of such roofs to an xtent of mor lhan 10 percent. Within from 10 to 1". years the shinh- roof would practically he eliminated in th city, the inrf. l!ato. rrat !'rort in of Shingles. "Con-id rin.i; siz - South Bend has th. vr.atest nurnher ;' h i r. i; 1 e roofs of aiy city we have vi-ited," raid I'. A. Huberts, examiner with the party. "Although they have been ) ractioally wiped out of the hu.-dn' ss distri'-t by buildintr code regulations t!ie number in the residential sections-, many of them near factories and railroad--, the greatest we have ? n." There are but 1'. shinKh roofs remaining in th- busin'-.-s district whi( h Im Indes the territory between Pivision .st. on the south and I-t-sa'.le av. em the north taking in all property on Main and Michigan sts. as well as much of that which lies alony S. St. Joseph on the east. Th- line on the wet runs thnxiph til.' alby between I;if.iyctt" blvd. and Main st. Sin h ordinances have been passed in citis of all sizes throughout th country particularly in cities having xj e n nr d the- danger of shingle loof tires as is the ease in Massachusetts where 14 cities Including Boste n pas;d the ordinance fnllow- ) Z the Salem and Chelsea t.rcs. Iniuinaptdid re'ritly pacsed the ordinance-. Condition- Herr "l irir." The investintors Ftate that they have found other tire conditions here fair considering the? fact that the firyt tiiildmi; code was put Into effect less than live years ai;o. Buildings In the business district are not protected a.: they should bo aecordini? to the code they say but practically all of these vere erected before th code became ffectlv. If the defeats were rt-etltled. however, the Insurance rates on the buildings as well as adjoining property would be materially d e rea se el. The code particularly eal!s for fire resLting winilows of stee I s.ih or wire reinforced gln.--s vh i r th-" building is within 40 fee t of another building. It also calls for fireproof elevator doors and lire doors on all stairways in otlice building's. Only 13 buildings e'f 2.'fi in the down town district are mi equipped, they say. With the completion of the surey the party w ill make recommendations in their report for bett'T fire protection here. These will include the shingle roof ordinance, the elimination of down town fire hazards and imt rovcrnent of the tire and u ater departments. l'ropoM Additions llcrc Although the South Bend Ttre department Is beyond the average in equipment and ffe-etiveness according to the lnsurar.ee party provisions must be made for at bast two additions to fully protect the entire city. The recommend it ions will include the establishment of a station nearer liiver Bark which rapidly growing" section is poorly protected anl the Installation of an ae rial ladder truck near the factory district in the southwest pectior. of the? city. This district including s -verul three, tour and live jtory buildings lies from one and one-lrilf to two and one-half miles from the Central tire fiat ion which hou.-es the on'.v aerial : idd-r. white house wool FOR SALVATION ARMY Si:V YOHK. .May L'tV Wool l'.e ire .l several da s ago from the white h"ii sheep hns been pre-.-r.ted by Brcs't Wilson to the- Salation Army. .News of t!i gilt wis received ty the beadqunrters of the army here fodly by Sec'y to the 1'rcs't Tumulty. pringlirook ark SUNDAY, JUNE 6 Attraction Extraordinary Motorcycle Baces Under the Management of South Bend Men. Thrilling f Speed Events All real contests for cash money. No staged "hippodrome" exhibitions. Races start 3 P. M. Band Concert at 2 P. M.

Trend of the Markets Stocks Grain Livestock Cotton

STOCKS. The market has become thoroughly liquidated. With tho technical position strong and brokers' loans unusually small, the stage has apI are-ntly been set for a spirited rally. Signs of easing- credit ten.sion. lnd--fatigable efforts te pierce the railroad jam, and the hopeful attitude w hich pricey de flation has inspired all !:rure as powerful constructive fores. Nevertheless the banks will continue their policy of contraction fer an inde.-nnite time, it is indicated. Money will be tight and rates firm, liuidne ks labors under a burden of uncertainty that cannejt help but find reflection in the security list. J'orward movements will irur, but can hardly be e-xpeete-d to lift speculative values far above their present level. Bankers are not in haste to put the fruits of contraction at the disposal of market sje' ulators. Sec urities will remain und or the shadow of tlhtnes.s in money fur ome time. Beditical uncertainties and the attitude of both parties toward legislation add a complicating factor. (iKAI.V. Intervention ejf the interstate com-me-rce commission jnd the preference' piven grains insure maximum r'lief frejm the- ear shortage ami paralysis of the railroads within a minimum of time. Farmers have' shown themselves indisposed to sell free-ly at price levels attained tlurincr the recent sharp break, and ne-eds rut- so Kreat that fairly lar-e receipts can be absorbed without discomfort er injury' to prices. Foodstuffs have resisted the- general eleedine. On' the bear side of the market certain factors are ope rative that surest no rise tu dizzy he iphts unless unforeseen de-velopments occur. I-Yedinp has become unprotitable. Iteceipts would expand rapidly if cars were obtainable". The Arjrentirie rorn crop is above normal. Weakness and hesitation may distinguish the market for a time in oemtrast with the re-cent sur.iu; to new hi.ch ioints. IjI VI '.STOCK. I'rices paid producers of livestock during1 April advanced much less than is normal and stand 1." percent lower than a year ago. Certainly the condition of the live-stock market has not been Kratifyinc to the grower. The break in live mutton was overdue and partly seasonal. He avy cattle have sunk to lower ami yet lower levels. Hogs show the best action. Calves showed further weakness after "bottemi had supposedly been reached. COTTON". Cotton has suffered from action of forces which are working to depress alues in all markets, especially restrictions upon the- use of credit. Declines have been noted, but any prolonged downward movement is virtually prohibited by supporting factors like; the shortage of negro labor in the? south, the National dinners' asse.ciation prediction e.f a crop barely exceeding 10,000. 000 bales upon the heels of other short crops, and the fact that bare- cost of production averages near "0c a. pound. acctrdlng to the elepartment of agriculture'. WOOI. Cancellations of poods orders have intensified the dullness hitherto prevailing in the wool market. Themills hae long awaite-d the; recent break in line wools, but are reluctant to buy at the more advantageous figures until they know better what the futuro has in store. The consensus of opinion seems to Le that hiebest prices for raw wool are past. The new clip may induce a period ef stagnation, as present stocks are eever large. Buying in the west Is light and scattered. The rail tieup has given serious trouble in connection with marketing the new clip, but Improvement is expected. MITTAGS. The Iron and steel industry is in a quandary. Accumulations at the n ills are large. Deliveries Increase . ; . ; ... .'. - .0 . , .: ... v -- , .. ; ' . ' ' . ' ; ' Ä: . V YA :

L , " .... A -v V. v .V. -' . .V'-. .

-if. .v : -f.e -y Jys.te: yf .: sy r ,.vrv-v,:, -yy, .-v'-v--o;:.." jjtbXK r h' y.

We will build this beautiful little bungalow for you, in four different additions, in four different directions from the center, in all cases one block from car line, in a good neighbodhood, on large lots. This consists of two bedrooms and bath, living room and dining room with breakfast room attached. The living room will be finished in solid oak, floors and trim. This little bungalow will be modern in every respect and built exactly like this photograph. Owing to our efficient building organization and our buying ability, we will sell this little home, completely modern, one block from car line, for $4250, with $750 down and the balance as rent. This includes lot. If you are in need of a home soon, call at once and wc will arrange to have this ready for you by August 1 st. Ingleright Realty &. Building Co. Room No. 1 American Trust Bldg.

but slowly. Consumers of pis? lro'i are anxious to buy heavy tonnages, tut have no assurance of delivery and therefore hold back.

FOREIGN TRADE European Loan jcsocIojj Kxport interest hag centered in the proposal abroad to lloat a loan secured by th German Indemnity and endorsed by tho allied nations, altogether without American partiipa ion, either as sponsor or purchaser. The proprress of eleflation In this country will release funds sufficient to Hnance ihosr exports of which Kurope stands met in need. British business niett perceive the "wisdom of adopting a liberal credit policy. Nevertheless. American bankers will be Riad of tho relief from constant demands implied in the new International loan. Investors here can use all their available capital to advantage in the rehabilitation of the railroads and the expansion of business. Waning April -exports seemin.trly furnish an argument for a more generous extension of credit, but the fact is Kuropean needs furnish the only genuine argument at present. The? decline in April exports must have been due in larpe part to the congested condition of the railroads and strikes which made the j.ort of New York well nigh impassable. Don't install a heating sjstem until you consult the Round Oak heating engineer, ("all Mishawnka .".S'j or ihawaka 2024 for an engagement. ;:s?0-June Scapular lockets at Schilling's Memorial Day Special GET A SUBURBAN HOME Earn $25.00 on a lot by answering advertisement of South Bend Realty Company On Page 13

erinni

MICHIGAN STREET BUILDING

We can secure long term lease of a large building in the congested district on Michigan Street for a desirable tenant. Especially well located for large mercantile business. Details may be had on explication to W. O. DAVIES & CO. REAL ESTATE 221 S, Main St. Lincoln 5779

. : . .v. ... .. .. .. . . . V ; '.- :- : ' ..-:, " ' : ,. y . : . V ' '"w,''' " : " ' ' '

FIVE THOUSAND GOOD J0I1S FOR AMBITIOUS YOUXG MEN AND GIRLS

iiy jrnsoN ixnvn. There Is need of 5. 000 trained executives right now to meet the demands of the department Mores of this country for such assistants, according to a close student of store affairs. This estimate is undoubtedly low, and th demand is constantly on the increase. Of course observation of lt3 own employees by any such institution, to detect promising material, followed by training In Its own school, is the most practical way to meet the emergency. But few merchants adop It. cllnginp Instead of the old, expensive and narrowing method of competitive bidding for the few who have already proved themselves competent. Against thl practice, which is a sure means for keeping the supply short and the price high, the suggestion is set that It would be a good plan for merchants to Interest the colleges of this country In adding training as store executives to the other business courses which they alreaüy conduct. It Is pointed out in this connection that salaries for such Fervice aro higher than those offered by most businesses now commonly recruited from among college rtuden's. Tho suggestion merits consideration from a good many angles. In the meantime the youth hesitating over what line of work shall be taken up could do far worse than to investigate "ways and means for fitting himself for some of these executive positions offered by the many department stores of the country. Our business is growing rapidly and we need more men. W e want men on our wagons, in the plant and to take care of our barns. The hours are not too long, the wages are fair. We share our profits. We pay for holidays. If you want to work, come on, your job will be open. Artificial Ice Co. Patronlia the adrertto he b there to serve you. -1 i ri Lea. v ... : ' : : : V; x ... : .. .. '. ,r '.. : :. - . :':- . A . ... V . :' ' " ,' . '

MEN

Begin Your Honeymoon In a Home of Your Own

Perhaps you hadn't intended to, maybe you thought you couldn't afforddt BUT YOU CAN, you really can. Home Ovning Is Cheaper Than Renting and we can prove it. Thinkof the fun it will be to start in housekeeping in a place that is YOURS to arrange and do with as you please. There'll be the back yard to garden in, the front lawn to putter with, the porch to fix up. You'll have the keen enjoyment of arranging each room to exactly suit. Homes are like people, they grow, develop and ripen and you will have the pleasure of watching the gradual change. Each day and each month you will become more proudi more attached. Each year the growth of South Bend will add new value to your original investment. Years of Experience in Buying and Building enable us to save you money. We operate on a volume basis which mean that land and lumber cost us less. At the present time we have several new homes in various parts of the city ready for immediate occupancy. Many types-oi houses -aro included. Let us show you VASSAR PARK where Muessel Field once stood. If you haven't been there lately you'll Bo ürprised at the wonderful development that has taken place. Here you will find a residence district with all desirable qualifications. Pure air, close to the school and car line, plenty of garden space, good neighbors, houses that are homelike. Terms Arranged to Suit Our Office is Open Every Evening Until 8:30

Whitcomb Farmers Trust Bldg., 1st Floor

3 SIC

Lots in MarquettO P&TltWJ gCTlCTOUJ in size 60 and 70 foot frontage

Memorial Day is an Ideal Time to Select Your Homeaite in

Marquette. -Hark

There will He representatives at Marquette Park all day Sunday and Monday, Come out and bring the family.

H. A. WOOD REALTY CO.

128 SOUTH MAIN ST.

Celle?

Phone MainOO

PHONE MAIN 1188

Buy or Build Don't Rent