South Bend News-Times, Volume 37, Number 207, South Bend, St. Joseph County, 25 July 1920 — Page 10

si NDW. .nr.v 2", inen THE SOUTH BEND NEWS-TIMES NEWS OF THE WEEK IN THE WORLD OF BUSINE Stocks and Bonds Manufacture Domestic and Foreign Trade

TRAFFIC

i ni ;( i r t i ?. ' I f e ' r j . : . . -J'-.nr.th : r.ri''t; ri' :-; r.t ! i ward t rrnirf .tf! ::.: r t.. .- ; .' : hv !. option of ;t p .iti.e Tly rrf.i'f'l a!r--- rv 'mr:.;t!i' .f 1 ti!r'Hi e f ' 1 1 i i'.ih 'T'lM.!-' The :'.-;. )) rh- J:i'Ti. v.'il! ah.ir'f!',i::,' ! . - n r. u' whieh h.i - t ; . ; i ; 1 i-: ? . i i . 1 1 1 -, . ; , r : ; i - 1 r 1 1 r : k , t:. l iP.T.i.-""! !.if"f irr vr-r for the I :st yr-.r. Th- ,r"r.i'- outlaw ,uwit( hTr.'-r.'s tn'- i lr.t' h:."--l'ry. rri'iir.: a hn ;:; af t. pro-' .i'ltion i;.e -If----: f f w Li''h , ih i.e.-n rr-ti'irvl. The i e rt r . J a.tiv- ) V f the advisory ronirnitTe- of -- 'utn w : ; I exne.Ijt t h ism-. ;nen f '.reicht hy rc-lntrod'iein? a rue i -t re of ut.iform nnl centralized (-"ii . troj and hy winning the n r, ; r i tin f Hi.rjerr in a irre.at movciri' ;it t.-!.-i xi.'tünc; erir. in ! ! one ti'. .; '.vitii ji.axlninrn ?!'.' i r, y. The ujik a wird, 'f " ir.f. ;-"-f Ih" i-' ? i -t i I i t - i i tor:i! Miike. A perioral riürond 5!r:kat all times t ?i m't ita ! ..in i'iou' that union lal.-.r e.au ;ii:ri :i ' jiro.Jurfion anH wo-iM h i th !fe. ! f utu-rly flf-riiorn lizir.t: jii'i'!?ry. Th'public wouM lioitf-'lly r-f--r:t :i'-h an intrusion upon it- r-.rnfort ar:! .fty. anil for this r-son. if no othr. It Im 5 iff to j.tf(lPt tlrit .) strik. 'von wrr It vntl hv thii i n. voull h- ind- V,niu-y ili'layp'1 nnd fimlly f or:ipror;ii i! uitl.rvit an i-pen TrtiKsrl. Annnuncoinnt 5v th lntrt.it' comnw-rr rnr.imlvlon of th rit i ri -'rpic's nfx't'iry To return t h f ir.i.ir nntof.l 5 pr r ent interest upon railroad property th noxt .-tp in th !nw return of frn nsportation to a norrnnl basis. TtnllrfT(l rxr,rutivrs lioM tht an inrrr:iu in frfltrht -ates of not 155 than 50 pf-r rmt Is ntr,'j ry to wlp out th pr-rnt monthly 1f f5tt. trovjilei tho inrrrasd tväos nn'nrd'"! by th lav.or bmr't. and ir protraction -to th corporations for th futuro. Tho award nionp. thv -Tirmt. nil! 1 S ppr rnt to friprht ratps. Th mmmlsiori will In all probability did upon a 1oTvr crurr. Its :nim"1fat' c!fot will h to Infuse th transportation fysTpm with nrnv ; lif. I South h??r; Markets HAV. UriiA'V AND FEED. ftrretf.l IaJU by thm AV-lry MJUf NKW 1IAV riylri-- ?:oV2, ?lllns, ! 4-'."U0U. .M.W ni;. 51.tV ft-iliiiv-f-.""-,rJ. .-iu.V i'ajin Ji: jell;. ;naiG o 1 t.- ta!f. ! fAl'. - l-ayiii; fl l k-ü'u- Jl.:;o ot ' ' '. CLUVKK SLi;npay;i 5.1 to lu, ! ALi'ALl'A (.rf tifr ...nnj ,vji 00. IIA IN AM) KKEI). Crrrrtrd Ditlly bj- D. u. Al.rgl,n. stwr IU, llyilr-ttuiu- .Wj SIIIil.L i;o -pajlns: SlX.n. UATS.r.niuK- 51 i.". ji.to. ! Hi: an -iiuig i-'.wi ' MHH'M.Nii.s-sUing r hundred. I CiMl'I-JJl) i l. 1. 1) j. i .(4.ri rw t. hCi; atcii fi;i;d vfr.'.RK fi.7." prr i:i.MiN(;s w tiinhi W II K A T Kiijlns: 52.70 HVL i'ayin $2.eo t". u stiol. CrTretel P1I rj TVarnrr Orot. S4 more, zz v.. Michigan St.) 1 row n;.s-jr,Ni buhii. I JAPAN KSK MILI.Kr ö.:n to XT 00 ! Ut.lt CL() Li; JT vi. I 'iiMuiiiv-i.-Ä.. ; SOLPAN liliAS.s-Jir.V to JIVfO per tua.lieJ. i ALM K K i Cm to sc. CO ! tii-NFLUU Lit? -to-; pounj ! WIMlii; UU 11AIKY bLt(II-$27i per t-utliel. ! ÜLLK ii It A S S fZ W K V il KT C Lu V i : K - J.V,. 00. MAMMUTII (L )VLi: J.'AfO to 3L".s.oa S Hi f K CLOVKK-Him swi.t: l uiim: r Luvi-:n4a3 I'ltLD PKAS--4lt to 1.00. K A P L SKKl) tIvHi-f Ken 5.t"0 bo. LAWN UKASS Vh per ll. fcUJA l L A N (1 ti a:n J10 bu. bLLD CUi;N-W :4) busbel. bTOCI. tCorfited I)i1. t-T M.Jwr Uro., ft. L. ra bt., 3Ithiwk.) HHAV rAT S I'LLUS 1 t!r to pood, lojill'-; prime. 12i214c HOGS iro t 1... Its, 14.'; 1M to 17" It !.. llc; 175 t J 223 It p.. l.V; 200 to Di-K PROimt MARKET. (Crrwtd T1j ty it I)rotherio! Grwry. 2ii N. Mmln M. ElTTDi AND l.r.US r i n.TT rutI.". paTifS ''' pour.d. he'Ilr. tVl j-vad; ivs. ryo 2c ex en, selling -Iv d..-n. KlttllS A.NI !A1i;i.,l,.i. 1 I,.!, California raval rrai.gn 7.V ;.- doen ; Wl'.r.ff fr rwt ; n.-w i :.; Js.v, p ij w.g l- It'., . II. He p.'Uud NKv roi'.iii:-.v;;ir.j; io.- a n. rOlLTUY AM MKAFS. Corrrct lt- tv Jtmmtf Market, IIS C JrSr,on lUttl.) BEEK Kiat Aule; tu-:;ing 1XV; reund atak. 4c; irioi?. t;; ;rtroue. 7Ur ro UU i-OI.N 19c. LAK1 ;. Sl'KINi; CHICKr:. 7V. nines Ar tM-ow. Crrectd lo.l; by .s. . Lippen. 219 J. M!n ft. HIDES If- t. ialfMr.s. ir Xn 2 reaiert.l tallvw. 4 -t;7c a IS : ro : tab low, a I ! ; trr twn. 2."- w (UK M.O C.KXIV AN I lKOVIION.

TlU'Ai. J 24 lipt'lilr- ll!!i !.riv .ii:1t i.v.n : S-;f l.'s?1 . l.v;: , l.M I'.-c lr-'j u i:;7-4 ( IS?x. :-''4 7-4 7..-4 Pec " Ö 7. 71, roiiK .T k!t Nerr.ir: i' Sr't ".4'' .41 CNTi" LAKI July ':C 192 1V2 s-t "t. in .ii io .v. r -I III P5I--vrt b '" 7 WHEAT rfc. 2.' r c 7 .i - liar. IT.. s 1 ' ;v lK)IiNIIi:V!K AIlI' Al)N

- 7 4 2 7.1 pv: Py t'nltci l'r ; LONl)vN. July -J.---Altho-igh the Kc'.ehfVtk arrtut s h.i e cr.'1 Polish territory. d fir:g the ..Hied ultimatum, i'le h). m h i . : ,!- cided what a ü"-. t1. . w:;: t.tk. rending Miwow'.i rep!;. t- Poland for an arrni-tSr, ;ie iT.i::1. to :!:- clMa her Ld.Ijlv.

Range of Prices

Stock Exchange Saturday

M.W ORK -TOCK i:ril if:. , (;rP:it Nor. Or .V: , Vi:U' VM:k I-ilr "Jl. ', ;rMf N-r. u y . 4 7' A,! .':,;; I'f.-i' ;.'., ftT. Ir.'liiHt Al'-ihol h7 'i A ;;s ;::n. r '4 :T. .".".:4 Ini.lrntlori . ... .V ::, p.. ft iih' a v,' ; '.' 3 ' lr;t. M kI lsL l4 t.i i i'm .. -j .';'. ' a Int. I'npr M ", All i - '!;. K-im. '.ppr.. -57s .":, A n Iri.c r:i. 1'"H ' I..i k. Stff-I .... T2 A If .. If 1 "-'i Maxwell 17 17 Am I. :i. . !C,-t4 W. I. t , M ;rin. f..m. .. A:.i s?t; tf!;ip. . .V ..: "h ! Murin TM. .. M An: i:rnr . ; Mx. ivtrol. .At V Am T. . T'lr f'T-j f', -'v2 Mi-lvalf Srpl.. -tö, 41 A.;i W .. I .... XV, v.;-. , Mi.r.nr! 1'". .. -' f' Ar :i .!:! f'lp . ."..".' .W j .".v. .Vi'! . IPivon Ky. . '" .".'r4 At. VJ J 7'. ' w0 I N. V. W , I...rn. ..lit", 11.- 11 1 4 ll'it ' Nor. raifl'- .. 71 72 p. a (i .t? "2 .Vflk A- !t... f'..tli mim -!. 7 vs t7-; v pn Am. Oil ...101 12 a S-:p .. 22'.. 22 H , IVnnsvlvanla .. ' r.0t ";,:.' p.-tr- 1 .. I Kav ''-n. Top. l.V, r-ii.-i.ii.m r.T..i2" ic". i2v-t ij:: , PfM-iin-r,t i. .iti.fr. . i;i'- Kl', th f.i'i- i: p. I A, st l so w3 r. a T) -p , .-.', .M'i MlJ Sir,'lir nil ...no ."Vi', r. m a sr rv P :.o J :o : rnf. Ky. .. i-jr; M r a N U" 7o 7" ' S..utLrn Ity. .. 2 2 i: i. a iv. r.n'i r.-iT r,r;!H .-.a-; sikIp fnm. ... vs s ( l.l-.o r.tppr .. -'.', 2T Txns Oil 4."r', 4. r -.rti l'ro,!u.t '..1 ftn' Cn r? Tob. Proiliirf. O'.U. i '-li.ji.v st"i.irii p-,2 l.V)', IM, lplon v'arifif . .11.' lll1 r Cm.- Sur. .. 4; 4i". 4rt 4m; I". S. Rubber ..01 02 I i -.r so. uritifii c., iv, r,r, c-. v s. stpi rm. . M'j Pri.- Pf.l l'i . p. s. StfPl l'M..l71j r, Wib'nm .. 12 12 Virginia Chpm.. 7n4 r.f-n. Mo. Com 2-T 2t 2" 21 Wfttnchout r..!ri !i .V4 r.s.; willys-Uverland 1H 18

Trend of the Markets Stocks Grain Livestock Cotton

STOClvS. Th ftock market pivos inilications of rflap.sinp into a further period of inactivity without positive trend, duo chUMy to the dearth of credit und th1 .xistinc uncertainty In buülr.fs. Th technical positlo-n 1 :trnh'. The list will undoubtedly show points of .strength and weukr i s njoy short-llvti ralllea. and xp'rienco relapsep. The peneral lono si.ows slow but fairly continuous brtterment. Discrimination is m'e.'ary in purchasing all but the storks of unquofctio'ied reliability and r-arnintr power. The railroad wage ft ward improves the outlook inasmuch as the brotherhoods will hardly chooso to engineer a strike in defiance of public opinion. Market experts are predicting p. somewhat lower ranpe of rrlces for .ill crauns this fall. The old crop surplus topethfr with early consicn--.nent. of the new crop should Insure lit'frnl rocHpts from now on. roudiiion il upon a reasonably free move-.iif-nt. of rars. European demand will incline when the new crops are hp -vested, it is predicted. Farmers need money and will liquidate at bast part of th new crop. To avoid 'loodinir the market they should prepir suitable storage for as much ir rain on the farm as they are able io finanre. Black rust has continued to threaten the pprlnsc wheat crop. The wnfre award, soon after Its announeopient. was not regarded as a bulli-sh argument. A serious strike, i tirtail'.ng receipts, is unlikely. Porr i.Lrri buying i" an uncertain quantity, hut nonetheless important In fixing prirrs-. i,r'i:sTOCK. Th satisfactory outcome of the Spa cor. f crencf sucgests a revival of l.'uropean demand for Anierican meats and a generally better market. Tho principal ned is credit. The 1 iff nt demand should be enormous. Th- outlook favors a liberal movement of cattle to the shambles. I '.inkers regard livestock as a liquid a.-rt and are calling cattle loans when the circumstances permit. The credit srir. ceney naturally reduces th" s'orker and feeder demand and con t a in a possible menace to the ri'Mt industry. Meat production during the first six months of 1920 shows a decline amounting to several hundred million pounds from last ear's total. No such movement of cr: r r

r D '

.of

r.r. 70 7 1 fe2, 13 40 2.-) 2-. 11 2, M 41 21 20 72 101 30 15 p) 024 2 4-r 115 01" MS T74 70 4 4 17 71 k 100 r,o M r.n 4T, r.i? 11. 01 fi' 17 cattle from the northwest as obtained last year Is anticipated thi.s fall. The northwest now has an abundance of prasa and a shortage of cattle. COTTON. After recent rains the cotton belt would profit by several weeks of clear warm weather. There has been considerable talk of boll weevil damage and the prcuvth of weeds. Manchester advire are reassuring, as they indicate a considerable volume of trade with Russia, India, and South America in the future. The American goods trade is still much depressed with prices sasrsipp. The statistical position is neither decidedly bearish nor decidedly bullish. Kxports have been light, but world takings of American cotton are well ahead of last year and the world's visible suj ply Is smaller. Th tenacity with which cotton quotations hold to their perch seemingly indicates a solid foundation beneath the market. woou Inquiry for wool is picking up and j it may be that prices will soon enter ' upon a rebound from the black de pression Into which the market has fallen. Low and medium grade wools are ulnw in coming into general use. Australia and South America hold large stocks of raw wool which cannot be moved. Shipments of new clip wool are coming slowly from the west. Quotations are still nominal and difficult to obtain. Attention Is drawn to the government sales in which the remainder of the government's war surplus must be sold. No July sale was held. liatcr sales may have a depressing effect upon the market, although quality of wool held is poor. Brokers In carpet wool find their commodity a drug even when offered at material concessions. MI7TALS. Th number of inquiries pertaining to pig iron for delivery next year is a surprise to the trade. Spot deliveries are limited and hold at topnotch prices. The price of coal and coke in the open market has gotten out of hand and adds one more perplexity to those surrounding the iron anil steel industry. No concerted buying movement in copper has yet begun. Trv I' EWS-TIMES Want Ads

Sing Suit Sa

Your choice of anv Lady's or Man's One or Two-piece All Wool Bathing Suit at

Ladies' Bathing Shoes, $1.25 value. Special, while thev last

ufGH GRADE 126 Norcm MicmcAS' Si

FOREIGN TRADE

iui rss IAA ( o mn i:.ci;. Tho satisfactory outcome of thf negotiations at Fpa. where th Germans agreed to disarm completely and to meet th allied demand for 2.000tooo tons of coal per month, prepares th way admirably for the economic conference at Hrussel. which should begin most propitiously. The purpose of the conference is to find means of stabilizing exchange snd to work out financial plans for the rehabilitation of Europe. On proposal is an international loan, based on the German indemnity. The conference will discuss other economic problems of reconstruction such ps national debts, taxation, currency, and import and export restrictions. The delegates do net come authorized to make agreements binding upon their g-ovemrnents and the value of the conference will be mainly discusslonal. It Is unfortunate that the allies have not yet been able to fix the amount and terms of the German indemnity, as without the working b-sis which this settlement implies the conference can hardly formulate a definite plan to rectify the credit situation. The United States government will be unofficially represented at Brussels. Scc'y of tho Treas. Houston announced early this month. BUSINESS OUTLOOK PSvery week it seems more apparent that the redoubtable "corner' In after-war adjustment has been definitely turned, not alone as concerns this country, hut Europe as well and the entire world. Perhaps such a declaration is still premature. If so, the majority of business men who get the "long view ahead" are badly fooled. Optimism Is increasingly widespread and has become more of a working principle than hitherto. Seemingly it rests upon a basis of quiet confidence arising out of keen appraisement, comparison with historical parallels, and knowltdtro of economic trends. Within 90 days the business world expects material improvement in the banking situation, the supply and distribution of labor, and transportation. I,abor efficiency will show a further increase under the stimulus of reduced production and the threat of unemployment. Kalling prices will do much to banish discontent. Already labor reveals a disposition to temper its demands and reach an amicable compromise. Strikes are somewhat less numerous, less widespread in their effects, and less vexing to the public. Kurope is treading the path of recovery and even distraught Russia shows symptoms of returning sanity. The expected Ftusso-l'olish armistice will end the most important lighting which has survived the armistice. The clouds of gloom are slowly rolling back. Behind them is revealed the glorious dawn of a new day. Try NEWS-TIMES Want Ads. rTTl äTTi ITfc JTl-i ii Our new dictionary of Financial Terms should be in the hands of everyone who invests in listed securities. The terms of the street" are made plain. The words that may be Greek to you now ore clearly explained. This useful vest-pocket dictionary will be sent promptly upon request. KRIEBEL & CO. INVESTMENT BANKERS 137 So. USalle St.- Chicago

79 g

MARKETS

CHICAGO LIVK STOCK. CHICAGO, July 24 HOGS Receipt. 22.000; rr.arket stmns:. l.V blgW; bulk, ?14.2.f7l.'n: bnfrhrs. JlSJtlR.4"; parkin?. irii.. r-v lljrhts. Jli'Jflfl.iO: pisrs, n." 7.v,?ir. : roitchs. $irvH CATTI.K IterolptP. " 4.0fi0: market prenrlr: f. ?irvi.R,") ; r.rohr utork. ?WaW.M: ennners and cutters. tXYd 7.50 ; 5tef-kr and fodrt, M...0 7? 1 2.25 : (own. ?e,.V)''äl2.7.i: falrm. flS -VKlö .V). SHT?Er Receipts. 12.000; ninrkft era La

LOW

Today Sunday and See the Pride of the South Side

Come out today and see Rodeland Park, the pride of the South Side. There will be boxes of chocolates for all laxly visitors who cut out this notice, and Havana cigars for the men. Come out and bring ymir friends. Take South Side car to Robinson St.. then a short walk south to beautiful Roseland. We will be on the ground all day today from 5 A. M. until dark. Two big tents to protect from rain or shine. Come and have a good time whether you desire to buy any land or not. No one will be asked to buy who does not think that these home sites are the biggest bargains on the South Side of South IJend, and as a matter of fact we believe that they cannot be equalled for double the money anywhere within the city limits. The terms are $2 down, then only $1.50 per week. There Is no interest and no taxes for two years. Most of the lots are only $295 each, while a few with fruit tres and grapes on run as high as $37 5. Lots within a short distance of this beautiful property are selling for from $500 to $1.000 each. We challenge you to show us whre you can duplicate these prices and terms in the city of South Bend today. There is more building on the South Side than anywhere else and the nw building district is right up to this property.

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 Commerco 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 Facts and figures in connection with securities or commodities cheerfully supplied. Our private wires extend to the leading; cities of the United States and Canada. SPECIAL ATTENTION GIVEN GRAIN AND COTTON FUTURES COMMUNICATE WITH NEAREST OFFICE.

3C fou 318

teadr, C5c ker; wrvoi Uahf. $7..v 125; Pborn larab. JIOSO.

CHICAGO PRODCCJE. Creamery etms. 54-c : Ptandard. 54-; flrstP, 4-.r-ie; tcnns. .57r. EG1S Ordtnarie. 4Yllc; firsts. 4A4 & 44 4c CHrE5ü-Twins. 22c; Air.erlrag, Z'r. rOULTRT-Fowh. a24: du k. T2r ; peese, 20c: roosters, 2.V ; ppriDff?. 4f"5f 4 V : tnrkeT. 4fW . POTATO FTS Iva ti an. early Ofcios. S.175'2V4.10. Missouri an'i H The beautiful new IJncoln school is a fine monument of modern architecture and is within a fw steps of this property. The neighborhood Is one of the best in South Bend, and the houses in this section ar modern and attractive. There is no property in South Bend where you will have a better chance to double your money. If you are n rent payer do you realize that you are making your landlord a present of your property every ten years? If you pay 125 a month rent, this with 6 ppr cent, compound Interest will amount to $4,000 in ten years and $3I a month compounded would amount to $5.5000 In ten years. In order to own your own home ou must own jour own land first. You will never as long as you live, have another chance to buy a home site in the city limits of South Bend at these prices and terms as no more land can be purchased on a basis to sell lots at these prices. Come and se for yourself. This property is offered by C. N. Lodge and Co, America's Leading Home Makers. This firm htfs sold over 15,000 home sites in 5') American cities and never offered the public a bigger bargain within the city limits of any city than RoseUnd Park. This property was bought from non-residents at a sacrifice and you get the benefit of our wonderful purchase. Come early and get your choice.

CROWD

People Who Are Buyl

"Homesites

The time ii coming when you will build. When that time cornea you want to be assured the best lumber at the best price possible. You may huve this by keeping in mind the fact that we jealously guard our reputation of Service and Satisfaction by jiving the utmost to our customers.

South Bend Lumber Company

North Em crick Street 3C

L0Ü

BROKERS 263 FARMERS TRUST BUILDING 7 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 MilwTiukee 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

i .. . -,, Ii ff C-'r--t:-,s ' FOR

' " 1 ' it I I. f . I i.,., ...... ... . - t

Ulis 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 arrangement: Large porch, vestibule, living room, parlor, dining room, kitchen and pantry. Second floor: Four chambers, five closets, large bath room. Third floor finished. Basement under entire house. Located on West LaSalle Ave. within walking distance of business district.

TO IUI um Phone: Lincoln 1571.

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Read NEWS-TIMES Want Ads

9? Phone Main

CT3

CI O i wmrp.- j .- r - .... .- i' 1 . -Tr illin wi ii L -i k V SALI c TN rA iLiyju. 204 Citizens Bank Bldg. 5S6