South Bend News-Times, Volume 37, Number 193, South Bend, St. Joseph County, 11 July 1920 — Page 12

THE SOUTH BEND NEWS-TIMES 12 sr.vDAV, jri.v it. io;i.

BUILDING AND REAL ESTATE

Construction Industry is Threatened With Complete Paralysis Materials Fences Hold Stubbornly to Recent Levels.

fife ration-'. .Wnrly l.C1'") now er.terl ri-', rf in nrioT.it- Iwrln- Jun with ;m ;i it liorizt '1 ripiiali'-.itiun ff . , U 0 . n 0 . " 0 1 ' .

BUSINESS OUTLOOK

Traffic conditions have improved but little an.l the h-iiMint: ln.li:.!r la f iring almo.-t complete paraly:-i unU-.v reii f f onu s ?if tiy. if current report: to b- tak :i at full. aiue. At mir.y points ri'-w lui!!in is already at a stand.-till, Permits 'vcrywhi r h.tv- f;il!vr orf. The volurn- of ronytr af'lo.M h hi in s.j.ipT.fiun i put as hUh rts $ 1,000. 00, -OOu. Out- rony'r.if tors' magazine en v.arr.,1 that "h morali.atien a.s Cumph te ;ii that prior u the arm Is tite" ami a "housing firainc" .'iecmpamed i.y "nrt riots, epidemics of li.-ase. and the .stioiulttion of h' ial unre.st of th- mo-t (i t rriined ar.d danerouH character" may eventa.tte if t hi f d r.i.l kovi rnm nt does not awaken to it rehpunaibilitl's. The prime Tr.ro hnMinjc Lack construction are transportation ditficulties and the n fual of the puhlic to pay exi.stir.K w.i ;.- and pri' t.s fur materials, which mi indatc the cost of building as to make M'iitab'e return on the investment ami ultimate recovery of the ImeMei money itself extremely doubtful. The .shortage of skilled and common labor is less noticeable than heretofore, probably he a.u.s progressively less new building is undertaken. In Chicaw it is said th.it half the building tradesmen are idle. Vet Wu'c scales show no symptoms of d--cline. An increase in crticieney will be the iirst "const. iuenco of unemployment. The materials market is charat tcrizrd as less stable than it has been. The movement of materials has suf frred nri"ousIy by reason of . tue priority Riven coal. Deliveries are pretty much a K-imble. Trices continue very' hrm and building authorities do not anticipate a fall in prices, fv?n with further unemployment, in view of prics abroad, accumulated building needs, and world shortaKe of material. They feel rather that continued non-production will drive prices higher. The real estate market is dull, both as a result of the curtailment in buildlnt; and the unwillingness of larse holders to ray excessive taxes.

Rising Prices

What must be the ultimate effect of prices that rise without seeming limit. Although financial pressure, aided by the force of an aroused public opinion, has checked the rise of prices in this country. America was advancing rapidly enough along th vicious circle to make serious cor .-'deration of the outcome imperative. I'.Mpk freight rates and food and fuel prices may yet conceivably initiate a further upturn. The inevitable consequence of price inflation Is best illustrated, in this country by the construction industry and abroad by the economic position of Germany. Iabor costs and the prices of materials used in the building industry' are so exorbitant as to threaten a partial paralysis of new construction, even did the condition of the railroads permit de-

MONEY AND . FINANCE

Mid-Year Brings Slight Easing Tendency, But Heavy Fall Demands Are Forecast Lxchange Registers Improvement More Than Transient.

While bankers report no material reduction of loans, the credit situation, psychologically at least, has improved. Advance in federal rediscount rates and the banks' searching scrutiny of applications for loans have reduced the amount of indiscriminate borrowing and expansion. The federal reserve board notes distinct improvement during June. The mid-year turnover was unaccompanied by hardship or dislocation. The bank statements have not been altogether favorable, but are by no means threatening. Recent koM imports havo tended to restore confidence, although total imports from Jan. 1 to June "0 were only $111.(00,000. as compared with exports amounting to $ 1 000,000. On the other hand, it cnnot be denied that money is tiht. Hates arc unyielding. An accentuation of the stringency is expected this fall, when crop movinC will jdve rise to heavy demands upon the banks. Foreign exchange has registered a pain not alone due to speculation or other trnnsient influences. The ojd movement to this country is. of course, a factor. France is producing more and importing less, and other countries bein to show si-ns of a similar recovery. The reserve ratio of the Hank of Knicland. while recently lowest since lSt. is nevcrtheles very close to that of the American federal reserve- system, assuming ah identical mode of computation. Recovery in exchange and return cf forden trade to a normal basis should be persistent, though pradual and subject to interruption. N'ew f-nanrin? proceeds less vigorously than during th early spring, but rail read linancin:; and municipal bond Issuer continued on a fairly larjre scale durlr.q- June and many larpe corporations are offering stck In order to obtain irumey for current

the Opesi Play Tennis " Play Golf Play Baseball Go Fishing Buy your equipment 'at SPORTING GOODS STORE BERMAH's Sporting Goods Store 126 N. Michigan St. Michigan Fishing License $1.00

liveries. In Ormany prices have advanced so far. in the opinion of one correspondent, as to stifle effects e demand. The markets are glutted with poods that no one. has money to buy. Factories are f-hut-t:m; down and unemployment is quite general. Similarly rising prices throughout the length and brcalth of American industry would likewise produce stagnation, as none but the rich could afford to buy anything except the barest necessities of life. Purchasing power ran not follow prices upward without preat lnllation of currency and credit, and this the banks wisely refuse lo permit. The sole alternative, and the inevitable outcome, of excessive price advances, however lor.K delayed Is a crash.

Try NEIVS-T1MES IT' ant Ads

RED STAR pmuoiT VAPOK OIL STOVK "Works like pas. A complete stock on hand. WAHN Kit nitOS. 226 South Michigan St.

New

Modern Bungalows and Houses 10 down o per month Do it Today Buy Now Just as easy as paying rent. How muchare your rent receipts worth today? If your landlord sells his house you must move. Come in and ask us about our plan. VOIGT & BRADFORD L. 5111. Ground Floor, Union Trust Bldg.

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For Sale

This residence was designed and built when labor and material could be obtained at one-third of present prices. Selected material was used by skilled and conscientious workmen. The building is in good condition and is offered at an attractive price. First floor arrangements: Large porch, vestibule, living room, parlor, dining room, kitchen and pantry. Second floor: Four chambers. Ave closets, large bath room. Third floor finished. Basement under entire house. Located on West LaSalle Avenue within walking distance of business district. WM. HAPP, Realtor

Phone: Lincoln 1571

201 Citizens Iiank Hide.

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Right in the Path of Growth In buying Heal Lstate on-' is naturally interested in Location, also in the direction of growth cf a city. These two elements arc highly important as to the future of a plat or locality. We direct attention to theso important facts because Southmoor Park enjoys a particularly advantageous position. When you buy a suburban lot you expect it to increase In value as the city approaches it the tendency toward hlcher values comes from one side only. As population increases the higher value will come from one side only. The thing that holds back the rising values is the low priced farm land Just beyond the addition. But Southmoor is Just Between 2 Growing Cities The tendency toward higher values operates on each dtlc of Soutlmioor. Southmoor lies on the southside car line, between South Bend and Mishawaka. Lots are selling fast at pre-war prices, on such easy terms that anyone can afford to buy. If you buy a lot from us we will help you build your homo. Let us show you .the plan of a cozy low priced house that we will build for you on any bit you may select and seb on a small payment down and the balance like rent. Come Out Sunday Afternoon Take South Side car line to Reddiek Street, po south three blocks, or phone me and we will take you out at anytime.

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Ollicv. 122 S. Main St. Phono Main 8tG.

Sxnd l'lcr Conservative Life Iildg. South IJend, ImL

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"A Better Place to Live"

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.Preseiat Prices0

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Marquette Park Is An Inside Addition.

First let that fact sink in. And then step to the phone, call M ain 1 1 88 and ask that one of our representatives call at your convenience to take you and the family out to this beautiful addition. There's a lot of you folks here in South Bend who have made up your minds to buy a lot in Marquette Park SOME DAY. And we've repeatedly told you that unless you acted mighty soon, you'd be forced to pay a premium for your neglect. NOW. this prediction is a reality. In two weeks on Monday, July 26 a substantial increase will be made in the price of the unsold lots remaining in Marquette Park. This raise is made absolutely necessary by the constantly increasing cost of maintenance, of valuation and of improvements. Because you know, all the improvements in Marquette Park are paid for. When you buy a lot in Marquette Park you get the sidewalks and the curb and the paving and the boulevard lights and the phone- -all the improvements are included in the purchase price. Lots in Marquette Park when you consider that they are big and generous in size with a frontage of 60 and 70 feet are ridiculously low priced today. Within a few months they will be selling at much more than now. Marquette Park, whether considered as a home site or an investment, offers the greatest value in South Bend. You can option a lot in Marquette Park for a few dollars. Ask one of our representatives about it. Or, on a deferred payment plan, a surprisingly low interest rate is charged, much less than you would have to pay at a bank. And whatever you do, don't allow this price increase to become effective until you have made sure of YOUR lot.

A.W

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128 S. Main St

Phone Main 1188

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H. POLIS HAS PLENTY OF CEMENT In spite of cement shortage in South Bend, we are well supplied. We have two carloads that we are selling at $4.80 per barrel. Could sell in carload lots on short time delivery. Concrete Blocks Facing Brick Gravel Telephone Main 2494 1511 Portage Ave.

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Our paint is a protection

as well as a beautifler. For exterior work we have a special paint

which is a guaranteed protection against fiercest storm or hottest

sun for a long time. Its use is

therefore a sort of house insurance at a very little cosrt. Use It on your house.

Wall Paper, Paint, Glass 225 Main Street Opposite YMCA

FOR AUT

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Go to Ludwig's Auto Supply See our line of GOODRICH UNITED. STATES PORTAGE PENNSYLVANIA FEDERAL and Factory Seconds Get our prices. O. E.. Ludwig's Auto Supply 409 S. Michigan Si. Main 613

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A ROOF IS IMPORTANT It is more than a covering for your building; it protects your entire investment in the building. Know What You Are Buying. Durability of Elaborated is a matter of record, not theory. OUR ROOFS ARE OUR PROOFS Elaborated Roofing Co. A. W. Logsdon, Mgr. Roofers of anything that needs a roof. Main 2403 218 N. Michigan St.

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