South Bend News-Times, Volume 37, Number 179, South Bend, St. Joseph County, 27 June 1920 — Page 10

M-VPVV. JT"YTT 27. l?n. fHE SOUTH UETID REWS-TIMES YJS OF THE WEEK IN THE WORLD OF BUSINESS Stocks and Bonds Manufacture Domestic and Foreign Trade

TRAFFIC

Rail Conditions Are Threatening Despite Progres Made Latest Strike Developments Enhance Uncertainty.

Range of Prices of Stock Exchange Saturday

While Bc-m rroKr- bas bon iiia.lr toward reIIrvlrK th traftic -naretlon at points, conditions are still threatening. The tr;tnrjortat.on tanjfle Is the outstanding factor In bu'ine-. T'l-on greater fti-cirryr-y In distribution depend? the f.Jitlon rf credit and the vtry niiitinuancA of buin?-? itself. In tho 1wnli of instances merchants uro unalie to fill orders of lontf standing and aianufacturers can n ithr r obtiln needed. ra.v materials nor ohij. out finished producta. Th? (leral reserve board attributes th congestion mainly to the raiiroa4 strike, -which recently has broken afresh at rattern jxjints. The i-hortafce of labor and presence of inexperienced men make iL lmpcr.s.ible for the railroad txe:utivea t hhift and utilize exltin equipment to maxirruirn advantage. Coal mine., .ire nceivincr j. reference, while coal exports are virtually embargoed for the time. A month may be required to relievo the shortag-e In New Kn.-ilund. During this period Fhlpmenta of coal by watpr for domestic use will have nicht of way. The prantinir of preference In car supply raise many a delicate point. All c hushes of hippers fear discrimination. Whiltneartel coop trat Ion by shippers and minor railroad officials in loading and unloading promptly. avoiding the us; of cars for "storage" purport?, loading to full capacity, reduction of car orders -wherever possible, and substitution of motor transport In hört hauls, will go far to remove the. need of preference. Th coming railroad rate decision is deemed all-Important a-s tending to restore confidence in railroad .securities and ena-ble the roud.s to :ir.ance ltrre purchases of new rjuipment. Prompt action by the interstate commerce commission is imperativ. The arguments have b'rn presented and the decision i xpected before! Autf. 1. On Au. .; t the federated guarantee expires and the road must shift for tliemreh es. Whether poienKvr rates shall be increased is a disputed question, but i.prarently railroad sentiment fav-i.-r harm-sslnff the burden upon freight carriage.

NKH 1 OKK STOCK F7XCIIANGK.

m:v yi:k. n. y. AlII Clialniom.. 37 Am. Can Co. .. 40, Am r Fdj. i:r.o.; A. II. A I.. Com. l.V4 A II .1 I.. I'M. t A m. !. m 5'7Tt Am. Su-iir . . . .1'4

.1111" '.Mi'4l 1

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I'nM. Ieoni. Ii. Al O r.-th. st.-.i "i faiift'll.-in 1:h '. ; v. I'M

r. M. A Sr. i r c. m. a st. r. ! 40 A X. V. .... 7 . It. I. A P. . . :;ii3 K. I. A T. 'A' 71' i (.'. it. I. a i. w ;jit Chill .j. ira Cc-rii I'ro-Pi' t. . UTs Crn' il.'i- Stt-'I . .!.' CiiI.H C Sue IMt. Swu rifles.

!.ri i "mniun Kr!- I'M (I. WUMnni. .... Jen. M. i'orn.. o'lrlrh i treat Nor. Ore. .

1 1 12 Ct,

"-4

June 26. 37 ov; 4"i-s 40; 1 :'.: i:;tr !:'; 70 70 4 7J'a llsT, lis lmu, at ni vo'i sv-i 8s; 21 4:' t 40 V'4 H7S CK .i;-N nrtvi r,r l.vn; i4jij 524 KH 11 ii 11 ll'i 12 24 2i 24; fC nru, ,v.i4 3T4

reut Kor. Ry. OVi l. Cananea Cop. ."V) Induit Alrobol W Inspiration oi Int. Nickel 17 Int. Taper 7u Marine Com. .. 31 S Mexlran l'etrl.. 1H0 Miami Copper.. 2u MM vale Sfel 41 Mlouri Vtic. , 23 Nevada Cop. .. 12 N. Haren Uj. 20 N. Y. C Nor. TArlflr .... 71 (). Titles Una .. 40 Tin Am. Oil 102 IVnni" j-lTa.nl .. 3 Krn'ünjf M l'.ep. I. A Steel, fit Sln.lnlr Oil .. 31 ou. I'nr. ny. .. W ..-ut'nern Hy. .. Z Stude. Com. .. 71 Texas Oil 4.r, Texan A PflC. .. 404 Tob. Froducts.. r.s I nion Paeifle ..Il.tV I. S. Steel Com. liä

f. S. Steel IM.lir4

Hah

V.ntaih

Vetlutrhoue .. 4t Willys OrerLind.ls

Copr-er... ft rh ''A" .. 22

70 4I im) 41

20 H 714 40 1024 3-s sr, 0.1 W 2.l 71 'J 45 4 111 M 4 23

eo 4"4 5 i7sv; 41

20 .s 71 102 W l24 31 U2v; 23 70 45 113 l2 C4 22-

70 ?04 ff M ' . 4. 17 7S4 31 17J 20 41 25 12 20 r H4 40 102 w ('24 314 T2 23 70 45 404 C04 113 r2 inr,4 49

tfor. ZJwd Markets HAY. BIR.WT AÜD FEED. tCirrrtd DJ!r br U lVedr MlUf jrir rd C 420 . Mlrblsan.) NEW UAY30 to 35, Pellluff 403 .NEW CORN S 111 car $2. 02.25. 65c L!ü. OATS - I'ayins $1.15. Belling 1.30 ot NEW CORN raying fl.73, elllng J2.20 to tz:x. CLOVER SEED Pay Inf $24 to 26 bo, eiUiiff $0 to W2. ALbIKE CLOYKP.-Kllinff $3Z0a ALFALFA (Northern gro u 2S 00. axd run. Crrcted Daily br D. D. Morgaii, Starr ttllU. Jljarsullc At.) SIIKLL COHN ra:tn $1.5. OATS.l'ajlcg $1.15, aelllDg J1.40. B KAN Selling $3.00. MIDDLINGS Selling $.3.Ää?3.50 bnn-dred.

CUOrPED FEED Selling ewt. SCRATCH FEED Selling rwu RINDINGS S? bushel. WHEAT Bnjlntf $2.76. UYE l-7lng $l.ÖO buibd.

BUSINESS OUTLOOK

The Railroads

$423 rr $4.75 per

Trend of the Markets Stocks Grain Livestock Cotton

STOCKS. Important movements in the stock market are not anticipated until after the July 1 semi-annual dividend and Interest payments, üoney rates will prob.ibly continue hijh with the credit suprly limited, notwithstanding th(! relaxation ' which some obForvtrH predict ftMlowjnK the midyear payments. Money is still dominant. In eontr.ist with recent dullness and want of interest a stronger market is foreseen as liquidation and improvement in the movement of traffic ease the credit situation. At present traders are awaiting the outcome of the democratic convention. Political uncertainties always react upon the market. Recent letharry Is likewise nttrlbuted to eeaflonul iniluences such as hot weather.

MARKETS

i:ST BUFFALO LIVE STOCK. niicir.n inn m; i'm.i: no-

-elpts. ."k; ahlpi'lnsr uttHTH. $15 17 .".); ' lusfrluT i;rat5f. $l'iiJ5; nnn. i ui 1( 'S. CALVIIS lUrelptH," 4cx); m;uket active. I ri lower; cull to cliolee, $V('17. vllfl-'l T..VVI11S I.'.nlnf l-1

usrket Blow and ateady: choice l iinbs. ' tü Twin ; ull t fair, $lKflJ; yearllncs. MlitfUO; Ktitp. $a"'. RiiS Kei-eljits. 1 ," '0 ; rtnrket artUe und teady; Yurkrs, $P'. 5o'. 1 7 ; pis. l..25'l.Y;i; ulx-d. $Uk7.Vil7; fieavy, JM25'al050; rough. 1 Ka. ; M.is. U'1IMTT?nrK(i I.I V K STUCK. riTTSIIl'lUi, l'a.. N. Y.. June ' I'ATTLE K-e!pts llcbt ; mnrk-f sft a.ly ; . -hole.-. l5.d'il. ; -.. .l. .tl'.il5; fair. ?H"Vrl2; veal culvert, 15 .'Mf lc SHKi:i AND LAMRS - Kert-lpt! lljrhf : market atetidy; print- wetlirrt. lu r.o ; t'oo.l. 'ü'.'; flr mixed, f7ir; l.uni'S. 12 r.r 17. HOtS--Ue-eij'ts. 11 .louhledr. ks ; mar ket af.:?ly; irlisw li. rivy li"t:s $1. 7'ii 1 '. ; 5f5.,.Kv.7.17 ; llCht Yorkers. .15 7'i Pi : p-s, H..'4J j 1.".; p'Kchs. .lli i:t; .sfak-s. ?N.V.f

CHAIN. Conditions last week favored a dip

m ,T;un providing cars were ooiain

able.

farmer. Crop reports have been mainly favorable. A nearly average wheat crop and a lar:,'e corn crop ur- in prospect. Movement of the wheat crop, which the railroads are lu 110 condition to handle, constitutes a vexing problem. Primary receipts increased recently above tae iive-yiar average an noted at Chl:iuo and the corn movement nuy have reached its height. Movement f corn, oats, and wheat together for the season shows a marked de-ciir-o from last year's total. Oats .ire in hort supply and few states have any material supply to offer. Canada is importing rather than exporting oats. pavorable crop report.-., however, operate on the bear Mdc ot the oats market.

bull position.

WOOL. All markets of the world are affecteil by the glut of wool. Domestic consumption haa fallen sharply, due to unaettlement In the goods trade and heavy cancellations. Until the mills resume operations and consume wool nor at hand, growers of the new clip must store their wool or sell at a great wicrittce. Trading in wool la purely nominal and does not Ferve to establish quotations In Home Instances best wools are off 20 percent and coarse grades have reached abysmal depths. There are no Indications of an upward turn. Yet unquestionably the world will need and buy wool. Time is required to fllsposo of present surplus stocks.

MCTALS. A volume of Inquiries which the

HUh prices always tempt tho furnaces aro unable to satisfy dls-

iinguisn tne iron market. Cke ovens report serious trouble In getting cars and making deliveries. Activity in the steel Industry' Is quickening, although restrained by traffic conditions. A rl.e In copper before next January Is predicted, lead producers-have reduced quotations to prevent heavy imports.

SKIDS, (Carreeted Dally hy Warner Draa. Baad Btora, 220 . Michigan tt.) COW PEAB $7.00 bnaheU JAPANEHE MILLET $5.00 to $6.00. RED CLOYER-437.00. Tl MOTU X" $7.C. SPKLTS 4 M ewt. SOUDAN GRASS $16.50 to $13.00 per ftundred. ALS1KI' $31.00 to $.13 00. ikt-N FLOWERS 20c pound. WINTER OR HAIRY RETCU $27.0f par buabeL BLUE OR ASS 00. SWEET CLOVE R $.15.00. MAMMOTII CLOVEU-$3o.OO to $i00. WRITE CLOVER 43.00. SWEET WHITE CLOVER $33. FIELD PEAS 00 to $5.0a RAPE SEED (Dwarf Kanei) 4S.00 ba. LAWN OHASS 10c per lb. HO J A BEANS (1 to Ma) $10 bu. bELD CUUN-il.50 bushel

uvjc STOci. (Cerreetad Dally ty Major Ilroa., S. fan tL, Mlshawaaa.) UOiSS i;;o to im ibn., in lie iso to 175 lb.. 14c; 175 to 2O0 Iba., 14Vjc; 2W OP, HC. HEAVY FAT STEERS Pair to goad. I0i tlr; prime. 1214c. HOGS VM to l.)0 lbs., 14c; l.V) to 17" Iba., 14 Vic 175 to 200 lbs., l; '200 up, 15c.

mODCCE MARKET. (Carraeted T-dr by tle Drolherhaad GfWerjr, 230 N. 3Ialn ht. BUTTER AND EGGS Crenmery bntter, paying pound, selling 04 c pound; tggn paying 42c doien. celling 47c dozen. FRUITS AND VEfjETAllLKS I rulta, California naral ornncea 7V per dozen; aelling- $s ewt.; new cabbage, aelllng 6c pound.

POULTRY AND MEATS. (Corrected Daitjr Ty Jlmmle'a Market, ltl K. Jefferoa IHrd.l BEEF Roant. JÖHlOc: boiling. 20r; raund atcak, 40c; lrloi-. COc; purterboaie. 7 Or. PORK LOIN 40c. LARD ,10c. SPRING CHICIT.X--75r.

HIDES ..Mi TALLOW. (Corrected Today by . W. Llppman, 219 N. MjJn St. niDES 10 to 15e: ralfkln. 15c to 20c rendered tallow, 4iic lb.: rouga tallow. 203c a lb.; beeawax. 2:01V.

rilK AliO LIVE STCX K. ('IlU'.Viiii. June IIh;s -R-.-pts. 1 7 ): market V-2.- up: l-ulk, $U 'u;lC. ; !.ntc,.-r!. l Ct'ii J t l.": i-i. klitc. M r. 7.": n'!:t. S14 :vv.rl."i 7". : i-lc. .51 -.." r.; 117.".: rt.ueh-i, $irn;t""'V 'ATTI.I: 11. i ''l i't-. ."..000: n.nrkt t vt,.r.Iv; :ic.ff $1 ; i'Ht7.V: butclior ffo.-k. 7'(tl"'; i-aiinfrs iumI i:?tr.. ."-' " : hrvU'-rü ai' filers. $7; 11-: out,. ?7'-7 V.i; c:ili-. $ir'.; 14 -2SHEEP H-. .i jts. r.oOO: rn.irk f stM,lj ; vHil lawii'. ?1 4 ' l.lT.r- ; fwev, .(" riiirAGf rii okin. 'Hit AJ( Jim: WHEAT N. 1 r.-l. .t-"-': No - Mir! 5-7.'.; Xu. - hnrd. -.70 1 oi: -N.v t v.m:..w. 51 T''i i1 j : No. j vfil.m, . ''1 .70 v : N" . .r7': N". ." y.-ll.iw. M T." ; N'. 1 inixt'!, .f.7Si . ; N . "J in! -i.5l 1 7', mis ,, biff. $1 l-'-j'wl 1P'2 RAKI.r.Y fl 411. 4V I K Y 1 . N - M I TIM'Tin - JlUln.t vi:u - $-y ! IN PI AN rol.l LIVE TOfK. I N I I A A IM I. IS. .1 i im '-' Illtl'.S - Uf - ' r.-.pf-. ."."o: rr.nrket P n;; !it h .ivi.s, S15'.r1'". n,. lhim nn.l !niTe.1. h'i ;,1 1 'J.' : t ..niui.' t' -fi.'i- . S I'l I'.V. lu."u ; luilk if P.ile?. lCAVTEE- -Hivi!pt mr.'-k.'t cf'.iil : t-T. $10 1"i; i'i'ws .in ! ! -ifors. 7.iK: 1 1 Sil EP P l!e-ej;.t a. 'MX) . nirkf rjt.M.l.V ;

I.IVKS'IXH K. i'ornf'd cattle will probably meet fair to good demand throuphout th s.-.i-on and higher prices an- foretold. Thr arrival of southwestern i,T.isi-rs will iden the spread be-tui-t 11 best and medium to lo.v urailrs. The recent advance in the cattle market is tin- most sensational on record. The country has been anxious for stock cattle with quotationrising. Hogs are apparently seeking higher levels, impelled by ih- advance in cattle and Improving foreign demand. The summer runs will probably not b excessive. Uvtmutton has been showing somewhat better action.

COTTON. Itainy weather in parts of tho belt has tended to olfset the bearish iniluenee of pressure on the ffoods trade, political and industrial uncertainties, and a dull stook market. Tho crop condition strongly supports a high level of prices. At the best July condition this year will he far below the 10-year average. Kains encourage weedy growths which there is insutticU nt labor to

lemove. While the averago is about) j

two pe-rei.t larger than last year s t gure oJ ro.lCi.OCO. the total yield may easily be less. Tho boll weevil is doing damage in some sections. I'ntil the goods market definitely "Jlnds itself." however, the s'Mit nr.eiit in cotton may shun the

flllCACO GRAIN M PROYlslON.

CHH'AIJO. June -',.

CORN Julr 174 Si't. K.71 Dev 140-, OATSJulv IT, Kelt. M Dec 1 IMHtK Julr ZIM Sept. T.RI - JUIT 202: Sert. 21 .V nrixs Nominal

Hi-i lv Cl.e 17VH 174 17('., 170 K'"4 in 1 j li-.j EV.', l'MEj 7 v v,'. 1 v "---"a rr. : ?a ri77 ....S ..I." . 20 (. 2o?T 21 2!."i 21.47 isr2 1700 ion VJ 1:

Try SEIT'S-TIMES Want Ads

STOCK SALESMEN. Motor Truck Company established 37 years- Output for two years completely sold. Ar.nounce dividends at rate of 24 f r per year. Men making $250.00 weekly. Highest banking references. Wonderful 1 ineup. Every cooperation given. Liberal com- ' miasion. Strong selling outfits. Telegraph, Carter H. Jacobs & Company. 20 S. Jackson. Chi-CftZO.

Customers should not call the office ten times a day as some of them do. Give the ice man time to get to you and be reasonably sure you are missed before you call up. If your card is not in the window when the wagon passes, don't call the office, it won't do any good.

IT"

1 Ice

Mraficia

Main 2221. 395; Lincoln 6123, 5393.

La fl

LOMITZ

BR OKERS

2G3 FARMERS TRUST BUILDING Lincoln 1171 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 MerchanU 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

Come Out

io Floral Park a Today

or call us and we will call for you. LEINBACH, HUMPHREY & PREVATT 522 Farmers Trust Bldg. .Main 754

Traffic dimcultif. by all odds intrrooFe the greatest single obstruction to reduction In the co?t of living. If the railroads are glutted with freight now, how can they expect to meet the abnormal needs of early autumn, when grain and coal are lacking in large quantities, and how resist the .norms and blockades of winter? June is a relatively quiet month. The present etatus of transportation bodes 111 for the future. It may be that the worst Is

yet to come. Rail Interests are. Inclined to be-1 lieve that the wage board will not j grant more than L'5 percent of the I aggregate, increase demanded. It Is i sincerely to be hoped that th em- j ployes accept the board's award, j The sporadic switchmen's strikes have done more to disorganize transportation than all other factors combined. j That private management will be j able to reduce material!' the huge ,

budget of expense bequeathed It by the government is very doubtful. ILates must be advanced, as at present the railroads constitute a weight upon the treasury that Impedes tax reduction and deflation. Railroad rates In European countries since 1914 have been Increased 25, 50 and 100 percent and more. Higher rates and a settlement of the wage controversy present the only hope of alleviating the distress in this country.

1-. I l'OU llKi l'HOFITS. I BUY OPTIONS

I(pued fr 3 or 0 months n GERMAN MARK French Franc Itnliau Lire The currency of these countries is now at the lowest price in history. This la a wouderful opportunity for big jroflt". NO MARGIN TO ITT In eaae of lerlin. option protects you for Its entire perl).

i:nM.

3A Buy Option on 10.OOO. flOO Buy Option on 2.'-.KM. K00 liny Option on ."iO.OOO. .) Iluyn Option on loi.ooo. On It MAN CM ARKS Every advance of 1 above purchase price specified In option on 100,000 Mark, Franc or Lire ninks n profit of $1.000. I.arpor or Manlier options proportionately. We would not be urpris'd to see them advance "Je above option purchase price during the net tow niontlm whl h would mean n profit of S.'XH) on ino.fK) Marks. Francs or Lire. MAIL It K MI TT A NC K FOR TU K sizi: OF OPTION vor Only a limited number Issued, therefore act Immediately. Full particulars on request. Ask for Circular S, I. -GO. Bourse Security Co. ronr.ioN hoxds. f hi:k; i:xciiAxir. IIXHHIS TRUST I1I.IHJ. CIIICAOO, ILL.

About Your Investments Your investments should be gone over every once in a while by competent appraisers. Our service department and our officers will be glad to advise with you in this regard and may be able to suggest other investments, in certain cases, which will bring a better income return. We invite you to call and better acquaint yourself with the many services this bank is able to offer you. 3Icmbcr of tfic Federal Reserve

MtRicuyrnpsr cn pan 'Y;

"Ii

o v rW ti,vi tqi -

A,"

AMERICAN TRUST CO

ATT3E SIGN

A-

im . i

OFIJES CLOCK

-f

IB-How to make ai

L ? tU m . i :.Trr

Tbo invrmtor who bar Wh " 1 grade tUted mmrixin oarrixhe.

f rn wcO ditrrrH&cd group, und f L.1J. -1 t - 1

ruxki uarxn mot prnoinau U In pc-titkx to oaiÄkc a liberal profit bcrotkl tKc dävkWnl yield. What kind of atocka Co bay bo how ftnd when to bay them, b In trrectingly CuU In tr book, jiut pnhlihed. exititled Tbe Frindplc of I'rohXJLble Inveatmait. Its 64 rBX trQ yoa rhe vkml thingi a berat th Kock markrt how to jude a xcuiUy bow to tfkc a pro6t on ttodt. It contains no """rip on cerram iame. and cot hing for the man who wnxa to rake a abort cut to wealth. hut dk-ahi with rnnJatnentala. Yen

Noutd read tx before invrating. WrMetediy. Irifrr. Derc 1. m m

100 Safety 5 Interest Paid on Savings Accounts. Interest from date of deposit. Safe Deposit Boxes. LOANS $25.00 to $500.00 or mo?e at nominal rat of Interest. The Morris Plan Company 120 SOUTH MAIN KTIIEET, Opposite Court Houao.

The Test of Time Has

Proven That We Are best fitted to handlo your rumerous needs for MONEY

111

aaanA- - a a

Phono MBJn 1618

T.ioiYison & mummi NEW YORK CHICAGO 42 Broadway 209 S. LaSalle St. MEMBERS: New York Stock Exchange New York Cotton Exchange New York Produce Exchange Chicago Stock Exchange Chicago Board of Trade Minneapolis Chamber of Commerce Winnipeg Grain Exchange New Orleans Cotton Exchange Indianapolis Stock Exchange SOUTH BEND OFFICE J. M. S. BUILDING Telephones: Main 390-391-392, Lincoln 2028 J. W. McMEEN, Majiager Facts and figures in connection with securities or commodities cheerfully supplied. Our private wire system extends to the leading cities of the United States and Canada. SPECIAL ATTENTION GIVEN GRAIN AND COTTON FUTURES COMMUNICATE WITH NEAREST OFFICE

Get the

Hoppy Taste'1

U BREW Jy

TT"f T 1TT r TT T r w- v

lreat vourseLr to a cola bottle or dlL.v&K

EDGE or BOCK BREW, just as often as you X

he. Wholesome, refreshing and invigorating, Perfect products of pure material and expert

wing. Make meals taste better Make

the summer days and evenings m TT A T

more enjoyable. A tew bot- THE

ties at home on the iceFine! Jl) ESSEL

DRG. CO.

Phone Main 55

CRY3TOL CLEAR. BOTTLES