South Bend News-Times, Volume 37, Number 193, South Bend, St. Joseph County, 11 July 1920 — Page 11
pit. SOU IM bLNU NLWS-TIMES
Stocks Grain
n Market News Cattle Provisions
RAILS SHOW BIG MARKET STRENGTH
Review of the W
Activities in V ai'ii
i
Drylin?: Liht During SaturYork Kxrlianr.
Ni:
.J';!v ! ,.i r .i r i
1 0
P.
I
Th ye-:-a a-, f,f thr o i r". f ;-c;i!.iI J -1 1 .1 i r.
a
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.i
t o n n :e St -I -r.lv tl.i
r ;'Ul.i r
'im i p rr. f ns divers .;.--mntflv re-rii!.-.' Kr-
to ." por. ! In tiii! v r" f ri-'f amounted t-
i
W VitK
f'.cn of t!.-
tlvf rontr.T-tf. b".t falrlv hr-
o U r; o ' i f . e d v
rcactl -n in oii and f-hiiiplr.s-
UUif more or ; lted to Ur-tdtr..; trf m1 reaction r-t the ee KTf'Up tint the :-.. Ft 325.000 harr.
The nu.-nthh the United for Jim -how.
TM". nut amount of tin
h!jrhrt t t 1 in exactly X.irtf
D--ilinp: in bnds were relatively much ninro artiv- than thr- turnover In utock?. International. continued f.rrr. to ?mr.ir. hut Liberty l?u s iiCnln wert inclined to waver. Tola' faf r-T!" value a?-4retated M.ST'.oon. in thr oM r. s. issues. coupon anl rr irj'-tered Is ained a half per cent on all during the Hff k.
o.-k.-
r.i
I f.ir!h I Frida; r-j w .
STOCKS. ee'.t hratei the resmnj tion after the holiday hy nlvancrs. Wall t. 1 iid a
1,1.1 "!! ir.t rpr etati'm upon the
rati- r.oni ir.ation. Call money i. :nin to indicate a def.nlto f'r tin b-u-r. Wednesday
'r-.crea.'f '1 outsll. buying hriithy market. Crop news dur.!i;:n;'. The upturn niad pr'-r-.--s on Thursday and
money openrd in'-es and total
and a '.' a e '
ports, liberal receipts, and lighter demand for feeding.
. v h n rail N'utik rouH adv.
a ley
' l.ro i for
r ir.
d, r
from T.'O.COO to ditinul.hed a market
id more active than any
al
t r.
( rt
i ' rr p'Tt of i
f! or;criti'".n a nominal inkr up to the
veur.
Id.
relpts c Tue.v.?;i: varu'd.
rrop wp;tthtr ar.d largp reius"d .-harp decline in prices '. The next day corn adowin rh'-eMy to a belief that
an upturn wwa duo. but failed to hold its Rains. Hearlsh sentiment delopd early Thursday and therelifter the trend was ?troni;ly downward In view of flowing crop re-
mvj;stock. (Chicago Market.) Livestock rtceiftü were comparatively llKht after the holiday and prices ruled higher. Cattle trade held up well. The advance continued Wednesday, due to uood shipping orders and liKht receipts, hut Fheep and lambs closed weak and lower. Thursday saw a prolongation of the general trend with the market steady to stroncr and higher. Friday's cattle market was mixed. Hoss were higher, as were best killing grades of sheep.
COTTON. Strength In the July position featured Tuesday's bullish market, the quotation approaching the season's high point. Next day the market lost ground. Prices broke further Thursday, while Friday's market was Irregular and weak. Crop reports and bad newH from the goods trade were the prime bearish factors.
South Bend Markets
and mD. tb yVftdry MlUr 420 A. Mlcülvvn.)
to 3Ö, telling $iu$J
HAT. BT RAW
NEW 1IAY$C0
.NEW COHN Selling ?2.'JiS3. i tc Lle. x , OAXS raying $1.15. ellißg $10 ot NLW CORN raying $173, selling to CLUVEK SLCD FaylB $21 to 26 Du., eiliüg sa to k22. ALblKL CLOVER-Selling $32.0a
GRAIN AD rD. (Corrected Dally by n. B. Morgan, bur. UllU. UjdruUc At.) SHELL COKN ra;ug $1.S5. OATS.I'sylng $1.L, idling $l.a BUAN fi:iog 10.00.
dred.
CUOrrCD FZZD Selling rwt. bCUATCII FLKD Sellins ;rtTNP!N(;.-5s tnsbel. WI1K AT I'.uvlng 5.M0. UYL Paying $1LOO bushel.
buo-
$4.25 $1.75
per
Dro.
to
3.00. I
Trend of the Markets
MARKETS
Nr.w lOKK M:w voirK.
.1 Nmiii dun. .M11 Cii.iimerji. . .'.s1, Am. Iie.-t Snar. .. M Am. .. - Am. far I dv. . .no A: i. rni Srn. 11' A. IT. .1 T.. r.rr ITT A. II. T.. Tf l. 0J Am. I. "com 10'i
m. rue it inc.
Am. Sugir
Am. T K Telg An. W") . . . . . . nnrotidrj Cop Atehlsnn Il ild. T.rtroni. . . M. A ItrCi Merl 'If n n. t Hilf e A Si!P. . . Cfllif. I'etroJ.
Cnn.nlbin I'n
Crnf T.etlipr. . r. a n C. C. TM... c. m. x sr. iv c . m a st. r. i C. v N. W c. n. i. . r
. n. i. a r. p r. Chill Coprer... 1".
Chtn Copper., frn r roil net. "r'41' S:-e 1 'tlb,t Cne Sul. Plt Se.MicltiI"rl Com inon . . i:rie rfd ;. William .. Ofn. M-. Com. ;n. M. Tfd... K'ftiri'h Jrat N.r. Hy. lndat. ..leohnl
stock r( li axjt: I-dv ll
11"'-
. 0 ", . vo", .121 - ' tr.M, M ' lis"; . ."Vf ,
'.fii.
I 10 , 11; r,, I I 2 ' .
Ml, r.ai
11" e,l 01 .-.7', ... - H Jl
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137 .
1 ', .Vi.,
I-,.;
To.. "JO 1J 'J 7 Pdv 71', ts 17'h .27 1 4VS 2." t :
'.4 4-i? il 1TH 'VJ I.., 1"J o.r; .'7' 4 1J'5th' r-.t; !1 11.'. i:r;k r. n;
71 iT; l-7
l
Stocks Grain Livestock Cotton
STOCKS. The stock market and business in pen ral arc now released fron the political uiicirtaintis incident to tittinjr cr Oit; two conventions. The general feeling is slightly bullish
and a
moderate forward movement
v. "ulcl not be unexpected. Keactions would necessarily follow as tin unUMial stringency of credit is promised for nxt fall, when thus crops begin' to move. The compaign itself will probably induce a period of dullness In th market. A real bull market is unlikely until alter election, although douotless it will be stimulated in the interests of profehslonuls, who hope thus to arou?e public interest. It is doubtful if success will ttend tho effort, as tho public took heavy punishment during the recent period of liquidation and may fear to repeat the experience.
of demand. Foreign markets are easy. Imports have fallen sharply. The market bids fair to continue stagnant lor an extended period of t-'me.
MKT ALS. Mills aro closing? as accumulations of steel till yards and warehouses to capacity and raw materials fail to arrive. Tho market )p stagnant, duo to transportation uncertainties. Latent demand is large and the mills do not hesitate to store their product against a better opportunity for distribution. A better tone is noted in copper, lead, and zinc.
2
N N N N
lnpir:itln ...
lot. M.kel ... Int. I'uper Kan. City Sou. Kenn. Copper . I-m-k. 5-el ... Iehish Valle.y "Maiueli Ix. 1st I'M. .. Marine Com Mirin Pfd. ..
Met. PetrM r'i
MlKtutl rar... .a 't
N. II nven Uy... .1ft N. Y. r TO
Nnr. rarlflr 72H
N'lk A Wet... Un-j
ohl. :fle ; J2it I'sn Am. (Ml .. lf'7 rennnvlTjinl.i ... rittbiTK M My. stHi Srprs. Hit Cn. Cop. IrtN, Keiding fJ lp. I. feel ni'.
Mnrlalr (Ml .... i-rtU. Vn. Hy. .. Southern I5y... Stüde. Com,... Tfu Oil Txn .v ra . . Toh. ITod-J.-tH. l nlon I'urifi.- n;
C. S Hul-t-er. .P'J .. V. 8. Steel f'mn. 'M V K. Sfel rfd.. los U Ctnh Coprer.. V1.-
- - l'-N 1 J7l4 77 i
l'.)T 4J7. 2u ."IS 7fv, 7;
4 m
i0
I'd
7 477i CJ TIS
Yirrinli diem.
W.abah MA" . . . -2W W5t1nphou!. . Willys MTeriand ir'.., Vanaaium ",
02 '.7 VJt, T'-.'-j 42 s 72 S IP. ir:v.
1 T - ' 1 VI
71 04 rv. is M'3 17 7-
i 1'. 42', :os, 72S 15 1
ftllt , ! "1 !4 27', 7 S 42 71 114'3 101 s v; sni.,
70'
12
2o 1.1
ll :. 1. Jjti 1 1Ti - I 4.1 ri lO.M 2" ".IS 70 42S 10 40 n vy 'd ' ;-.ith 7tu 47 42 -j 71 11'. ioi, "C, Hs'i 74 J4 l. :
(;ri. Stocks of old prtiin on the farms, credit stringency, increased receipts, and proximity of tho new crop constitute a proup of factors that turned sentiment predominantly bcarhh started prices sharply downward. The market has seemed due for a readjustment to lower level, although it may frequently become oversold. Occasional sharp upturns may be anticipated. Hot forcing weather is required to overcome the lateness of the corn crop. The worjd wheat situation is bullish, but ear shortage and pressure of the new crop will douhtedly cause an unusually wide spread between the price paid the producer and tho price quoted at the terminal markets.
EAST HUFr,VU L1VK STOCK. EAST HCFI'ALO, X. Y.. JuIt 10. CATTI.L llerelpts. 400; market flow, utendy; phlpplng steers, ILVgPV.zrj; tut elier gr.ld.-s. JlOfr.Ui ; cows, .Jiff 10. CALVfcS Receipts, 3.V); mnrket sctlve, ?1 lower; cull to choice. $.W17. SUKKP AND LAMBS H'ecelptP. 200; market active and steady: cho.e laraht. $10t1G .K): cull to fair, ?10frf;i5.T3; ' yearlings, sbeep, Wop. 1I(0S Kreclpta. 1,(W: market, heavles slow nd ttteadv; llht, active. l."-2." up; Yorkrrs. ltv:Tl7.t0; pica, l.Vifrj) l.V7.ri; mixed. ?17..Vtl7.."0 : heavy. Slti' roughs, Mltei.'i; stasr, fsT.o.wO.
riTTfnUKG LIVK STOCK. riTTsnnu;. ra., Juir io. cattlh Iteeelpt ll;ht : ehnlre, .1'(I1! 73 ; trootj, .51415; fair, O.TjC 511.50; veal ealvea, $i:ti. II()(JS Receipts. 12 doubledeeks ; market higher; prime heavy hogs, SIM.OQ
err i) s. (Corrected Dlly hy Wwo
Store. 226 8. Michlfau COW PEAS $7.00 busael. JATANLSE MILLET5.00 KUD CLOVEit 7.00.
'lliioTiii Si'L:L,TS $4 50 cwt. S0UDAX GUASS-$10Ä) to flS.00 per fcuadred. ALSIKE $3fi.00 to J3S 00. tONKLOWLl'wS IOC pOUDd. wiNTEit uu iiAiai' ni;rcu-$:rc ULUS: UHASS J5.00. SWKET CLOVEIt-$XS.OO. MAMMOTH CLOVEK .V.0O to $CS.0Q, WHITE Ci-OVEK 15.00. BWKET WHITE CLOVEK $35. FIELD PEAS-44.00 to $3.00. RAl'K SttU (Dworf Ebxj I.s.00 bu. LA W.N (JKAS5 10c per lb. ISOJA BLANS (1 to San $10 bu. bEED COKN 4V4 0 bushel.
LIVE STOCK. Daiy by Major Ilrot.,
8. L-
bt., MUuaw&ka.) to 100 lbs., 13V4c; 150 to 175 U 20U lb8 Hej JJOU
-fair to good.
10c ;
U to 1" 200 to GOO,
(Crrtd
CSD HOGS 130 173 ib., 14c;
UP. 14V4c. HRAVV FAT STEEHS lCXüllc: prime, 124i4c. 110GS i:;o to l'A lbs.. lbs.. 14Vac; 17Ö to -Z lbs.. i4h
rnoncci: alviiket. (Crretd Tdy by tn Urotlirho5 Grwry, 230 Ji. Lila bt. BUTTER AND EGGS Creamery batter, paying 58 pound, selllug ft4c pouna; Cfcfs, paying 42c ozen. selling 4Sc dozen. FHLIIS AND VEGETaIJELS Fruit. Callforula naval orauges 75c per dozen; gelling $5 cwt.; uvv cabbage, selling 0c pouud. POULTRY AND MEATS, (Corrected DAity Ty Jimmle'a Mai Let, ItS . Jefferson Ulfd.t BEEF Itoaet, 'AXaUöc; boiling, 20c; round ateak, 40c; strloto, 60c; pwrtertoase, 70c PORK LOIN Oc. LAUD 30c. ßi' BING CHICKKN-75c. HIDES AND TALLOW. (Corrected Today by . w. Lippmaa, 219 2. MsJn St. niDES 10 to 15c; calfskins. 13c to 20c rendered tallow, a lb.; rougs tal low, 23e a lb.; beeswax. 23313c.
HS.75; nediiims, ?1 7.40(7? 17.50 ; beavv Yorkers. si7.7.V?r;17.c5: lfht Yorker, $ir,..Vf K..70: pigs. .1..7.(üJ; roughs, $lli:i:i.50; KtnC8, $S..Vf0. SHKi:r AND LAMPS Receipts liffht; market nlow; prime wethers. .5.v50(ViO; pond, 57.25s; fair mixed, tyi ; lambs,
TJVI.STOCK. Tivestock is getting on a summer 1 asis uith widening price spreads. Buyers of cattle naturally discriminate, against the grass-fed and lowdrelnj? stock which has been arriving in abundance, and favor corn-fed stuff. The Texas movement will be followed by Oklahoma and southern Kansas gramer and by pasture cattle from other sections. The supply of cheaper grade 'cattle will therefore remain adequate. A liuht supply of long-fed cattle is indicated. Thr money stringency may swell the general movement marketward. The northwestern beef roundup begins in August. Meantime packers will miss the usual crop of 1 i.t illery cattle. Hog buy
ers show a disposition to discrimin-
ato in t.or of the better grades likowLv1.
LOmITZ
CHICAGO UVF. STOCK.
CTIICAGO. July PV - H(x;s -Kcvdpts. fVnno: market Heady . !." : !ulk. .-?i:. '. i
fcl2.; I'Mtcn.r-. $tl.r'jl40; pa-king. ?MCAn'4.V: iU'ht. .vl'd.lt'..JO; p!-,, J12.7.V 14 fjrt; rencria. .l.Ti:.f Mr. CATTLi: Recrinta. 1.5m: market
eteady: teef. .10.7r--rl7.10 ; but. -her j trck'. ?d.Vif 14.7": eniir.rrji and cuttern. i 'i7'7.."-0 : M".-ker and feeders. . r 1 : j rowK. ?t."V'M 1.75 ; calvc, f 12 ';! I . Sllj--p l;M-plpta. 7 000: marUet sfeadv; no.d lauil ?. $7-l.2."; ewes.
rcyrTON. U'hv cotton should be influenced
j bv unfavorable news from tho goods j grade is more or less of a question j in view of the fact that manufacj turers miyht pay half again as much j for the raw staple without less cf i legitimate profits, assuming th ! present prices hold. The poods
trad- initht experience a considerable setback without this affecting
j cotton were ifnot for the traditional j and habitual disposition of raw cot-
ton to rotiert change of prices in j
the finished goods. A crop amounting i 11,400,000 bales, when added to th enrry-over. might make a grand total of 1.. 000. COO bales available this coming season. Yet even this supply would not begin to satiate the world appetite for cotton to mend war ravatres. The improvement signified by recent figures on condition is much needed.
M
'0" 8I
Jan
BROKERS 263 FARMERS TRUST BUILDING Lincoln 1171 MEIMBERS: New York Stock Exchange New York Produce Exchange New York Cotton Exchange v 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
k"rv:'"u; ,n: .,' ., ... - - -rt - rW. 'I'.i.jsi
CHICAGO I'KOIU TF. CHICAGO. Juir 10 Rl'TTER C-enn-rr extras. .''jc: standards, ."4c; frtn. -Vx: Seeend. 44'? 4 i:i;t;s ordlnarle. ;,.S'iI;:7,?r nrts, 40:vfi tiS
riMTSK Twins. 22i; AineriM.
I'dl'lJltY b'l. ."-'V: r r, jl,-: duck. 2e; cece. 22.-: si-rin. turkevs. .V.c. I I'tiTATors Cars. 2.: Ul.nin per. loa 1!-. ?7f7.."0; ' Mlni.c..tas per I'M i
its. 57i7 .5'.
WOOL. The closing f more woolen mills.
among them mills of the American . Woolen Co.. will make further in f
I roads up'Mi tb ' which at the
: consumption end Cf Mav
howed a material decline.
riUCAC.O VASU CltMNCHICAGO. July 10 Will' A T N o
T'-d. JJ CORN N t rlln-1..TV-1 "v.T 1 v; V.i.
No. 5 e 1 1 . v . $1 . jl : V'. 2 ndxed. r..it.'.l 1 : N. I
H mixed. 1.7t: No.
$1 7"'-l l j. 1 1 TS No white TtAiri.rv ?i 2-.$?t.: 11 YE No. 2. $2..V TIMOTHY 1o-.?l2. ci.cvri:- -?2"'(ii
ha
. r v.-i
?15. N-". 1. l.2 m'x.d. 1
$UV. : Nv 1 nr.it.'. 2 white, M.701-: No
?1
No. 2 velw. .! t'.v- ; . 1 mixed.
w h ite,
of wool, already No pro-
rounced hwiru; aw:iy from the fine grade wools is yet obserx-able. lleicntly the market has displayed a little moro animation with manufacturers actually buying. The new clip is held back, pending renewal
Jk Biggest Mali : ibnWall Street
3 ..- -J .-
n
i
CHICAGO 209 S. LaSalle St.
nanc;
C1IICM.O .HAIN AM CHICAGO. July
I'RiM lION.
t);..iiili? Iii."' CORN .1 .:lv 1..7 11 VeJ-t. 14 V Il-. 1 :,..,, 144 CATS July r:. S. ; t 7.' h '"l 1 7"-'j 7' ni:K.1 :ly '"-! ept. .' '" 47 I,A KI -uiv j:7 ii rt. li'H'i l'..s5 Hin J.i) b". 2 b-5 tat. 17.7J 1177
I.otv
nr. i, 7 5 ' -j I; vj". eu) !'. 2" b". -2 17.7J
ir.i i.V.--, 144
7i
s1
r.a i ro.:;.) ; I ir i "0 : lf I 1 -2 j 17.71 1
Who do you thxuk I
the bigjrtt man on Wall
Street today? What U hia
V hre dM he come
from? What it K baying? Thii boo Lie t, "The Bijgcit Man on Wall Stret' will tell yIt will open your ryea to a new condition in the Investment Field, and to a new opportunity for you. If you want to get rich quid don't tend for this booklet, but if you want sound yet profitable investment by all meaäa end for it today.
KRIEBEL r-CO. INVESTMENT BANKERS 137 So. LaSilk St.-Chicago
TSiorso & lacKiriHon
NEW YORK 42 Broadway
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, Manager Facti and figures in connection with securities or commodities cheerfully supplied. r t 9ur, P"vate rcs extend to the leading cities of the United States and Canada. SPECIAL ATTENTION GIVEN GRAIN AND COTTON FUTURES COMMUNICATE WITH NEAREST OFFICE.
imirteir
TrTGK tl 10 i4"(Ca
S j VC XT B.tf
"O
South Bend's Finest Home-
Bend
cite Addition Offers the Best
Investment in South V acant Real Estate.
Right now, South Bend Vacant Real Estate may be bought a figure lower than at any time in the future. Right now, those who have in mind to buy a lot in Harter Heights, either for a homesite or investment, will find it to their advantage to make their selection. South Bend is now entering the greatest period of all time. In a comparitively short time every available building site that is desirable will be picked up by either home builder or investor, and when that time comes, those who have holdings in HARTER HEIGHTS will ASK MUCH MORE THAN THE PRICE AT WHICH YOU MAY BUY THEM TODAY. There is no other spot in South Bend nearly so attractive for a home site as Harter Heights. There is no possible chance to extend Harter JHeights. When the few remaining lots are sold you will be forced to buy from an investor. Come to Harter Heights Sunday. Gome prepared to select your lot. Come prepared to buy in Harter Heights at a price that cannot last much longer.
Louis Go Palmer Co CLYDE W. TAYLOR, Resident Manager. 412 Union Trust Bldg. Phone Main 1469
Our Clients Bring Their Friends To Us. Why?
Our Office is Open Every Evening Till 8:30
Vassar Park Oak Park
on
Edgewater Place Indiana Ave.
5T' .-t- I?'
J4.':,.- :.-.v.".'ii .''TT!!vi.T!i'",'"
1k ;&!iSnirzFii
:;?3
mm-
rhiT,. cv,:M!,;i,,;.,n'.,i:irr.,.,'..vi-..,
7
r a1'TT,''' ''. .
'2"
MEM"
call -the factories, Including: Studebakerp. Olivers and other big industrial iiantf. "Where are we and our families going to live? ask the men. And South Bend Must Answer trith mere new house?, more new home owners. Like a hue. living. Lrrathins thine that has broken the chains which hold it to the fire of a mediocre city, outh Bend hau opened its eyes, rubbed them." and made a step forward. As it peers Into the future, it sees the unlimited possibilities that come with growth and prcqTr.. It ses what Detroit. Chicago and other big cities have done. It. too. lonps for the accomplishments which result from expansion. Like the that gains momentum when It rolls down hill. South Bend will pain in elzo and power with ea h new family that is added to its population, with each new dwelling erected. Are you eoins to profit thereby, or merely watt h the change and 1ft others reap all the benefit? When cities beffin to grow, real estate values ro galloping after. The hou?e or lot bought today is golns to be worth much more tomorrow. But be careful uhere you buy. All property will inerea?? in value, but soni much more th'iri othrr. Whiiromh vV Keller's four additions offer a sure investment. Houses are already up. Improvements ar- in. Cir iin- and .schon'.a are r.earby. People are. living there, and the necessary home atmosphere has been created. For eithtr a houie or lot, ete us before you purchase.
Whitcomb
& Keller
FARMERS TRUST BLDG.
PHONE MAIN 4400