South Bend News-Times, Volume 37, Number 326, South Bend, St. Joseph County, 21 November 1920 — Page 12

(HE SOUTH BEND NEWS-TIMEi AGRICULTURE T rend of the Markets COMMODITY PRICES FOREIGN TRADE

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remark. t ! .-: r. ;I'-f.t t'-r.. Th cau.s ar partly p.- h"i"i' ! IV.imL-m i .rit.ii"UM. Th- v ).';! Amfrk-.n r"-; m m th pri" f ff 'tii n- f trni' of pri s to another. A r'b"un-i in th- j.ri f focl-tuff. i a in in sly in'Wtalil-. They v.III k a l-v I in hatniony with th t n s f th"-r -nrnrn"li-ti-. This nnKh i . rt;nn. 'Ah r prices tt r t.iil ..r i oinlnt,' 5-n "r f-trm prif.s ar t'Mni: up, wh,t?-r may b aali "f th f.irmrrs' inability to f!x a pri' upon hiM rruK Whl Xf farmer now r.ivos fff.Vfr rlollrs for a In.ul r.f whrat. h' i firvJirttf that rarh dollar will buy Tn r,r not rnort of al! thin-:.J. but a little more of ni thintr-. IIwill MjffT ri' rral loss if th j-ri -s for i rt!!-' h lUs !' 1 i n in 'r-rfp-ndn - with thr- pris of artM'H hr s'll. Thf farpM-r is too harl-h'-a'Jfl to ro-knn ir.fom anl profit l.y th numbr of dollars whirh pass through hanH and to I I i trh t in th" tu'-ro .-up rahundan'f of rrion-y without r fr n to its l-uylnkf powfr. Whf-t xpor rontlnu' v ry Iatz and fT th ..iM f!v months run approximately 7".0VrtOO luhds iihovt:hf lik prjol Ust y.ir. The jution now J, how lonir an th1 farmer hold his srrain? Financial Jntrts f on! inn th- holdmtr rn ni.,r.t and Mlpport It jrrudt,'ini;lv. To proid" rrodit t"a iliti s ih- Am-ri. .m I'.iriii Hur.;u federation las mad- :i iiUT.Ii'f of prop. sals: Kir:-', the rra nt int; of re. lit to ilertoany and Austria oinl to the fund. still held ly the jili ti property rufodian after Layr,ient of all just claims; s eond. restoration of the V.r Flnatie corporation: third, amendment of the Tedora k s. ; vc ar t KivinK tile reserve hoard power to clarify loans and ary rates, according primary pro.luetlon a prior claim: fourth, aiiondiiienl of the. Farm Loan ;wl Kinu: the Farm Loan board authority to i.vsue and sell on the open Mi.'irkt t or to diyeount through th federal r htvp syst''in securities taed on warehouse receipts. Southern 1 inkers are maV imr progress in the formation of a Kiarit export cor1. oration t') finance the sale of cotton abroad. This corporation presents an id'mirable solution, or partial solution, of tho problem as it j.fffct tho southern cotton grower. Cf ore 1'. Mammon, acting fr the iarnitTs' National rouneil, has addressed an appeal to six national farm organizations requesting their aitl in establishing u'ovrrniiifiit ownership and operation of the railroad?, in making credit "as cheap and available to the farmer as to any other equally responsible industry," in passing u. ruvi nuo measure to permit prompt payment of tho war debt "by taxon on estate, income., excess profits, tho value of 'and ami -other natural resources held for speculation, and a rapidly Progressive tax on nil property wi'.h an exemption of $ L" .aim." Hamptm also seeks repeal of the Jones shippic. act and retention of the merchant marine by the people. These semi-radical proposals are a direct challenge to the organizations which represent the main body of agricultural opinion in America. They call to mind the labor program of this ami other countries. All farm organizations will favor tho provision of adequate credit facilities for agricultural producers, hut into the mazes of government owenrship and operation of two great public utilities the more conservative refuse to rnter.

Stocks Grain Livestock Gotton

STOCKS. .Market diagnosticians , , (. foj-r-);jng an uneven mark t. marke ! by occasional rallies' and featured , additional liquidation in numerous i.-Mie that have nt wl hit bottoi.:. '1 he market average r ached a h"w low point for the y ar quite r. cently and liquidation does not yet seem :i. Ilete. Nevertheless judPiouj buying is s-if t niKv than it has, be. ri tor months and some good opportunities for in eMmem are pr'-.-ented. Normal requisitions c:ri th.. ertdit supply h;n reached a cl.ma, and if liipuidation at reta.l i roreeds s--itisfaetorilj , the next two months should bring a gradual easstiK of the tension. Iisl yiar's st(vck market readied its extreme pith ff demoralisation ()n Nov. 1 -, due to tit-'ht money. Cond .akTcare optimistic.

IXKS ITATIIKK I'AHTV. lr members and ladies, Tuesday evening. November :i. Turkeys, ducks, chickens and candy given :t prizes. Lots of fun. Iion'l iiii-i It. .MU-JL' COMMITTKK.

thi: r.irr siior MfzaiiiiH ITKr Happv hints for etry member of the family and for every friend. Shop now. thi: i:llsuuth stoki: i 137-2 4

Ofie PRINCIPLES of PROFITABLE INVESTMENT

Thi Ixrund book of

64 pe will help an man or womin to chooce investments more wiej. It explain the fundamental of

inveatinf, yet it U not "hemry

or tire ome on tho contrary it it intensely interesting. It will tiro you a cloe-up" view of tho atock market and explain how tomake a substantial profit n lifted stock and bond without th hat rd cf mirarin lrdinf. 'Tko Princip! ( ProfitabU lntmnt" wÜl b mUd t foa upon reeit.

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KRIEBEL & CO. t INVESTMFNT BANKERS 137 So. U&iile St.-ChicAdo

Tf your trr1''! y rarr.mg :5 .v small tirst panunt and . on e n ler.tly monthly payments ill tvy th: j P Id. This fully ep!.iinei in an int rf ftirg elr-Mar lfttcr just i.'-.uod d'-sinr-ti-g n:r TEN PAYMENT PLAN in ee".-.-rt:on n Ith puroliasin the shtris of a (-'i!p;i:iy actively tradd in for 2 5 years a consistent ti id :id paa r sin-'e Jv'.'S, j-how in g positdmarket pri:;t- f 7" p r c-h.'.re ar.d i'ldmg current price around D I" r r.. Writo for Circular NP-21 N'Ut iijMri rcejurt. H. & B. WOLF & CO., Inc. Stock and llond 2S0 Iallson Ac, New York

C.ICUN. The farmers' holding loovenient Jersi-ts anl givt-s spf)rad:c strength t the grain market, which aho r -licet a considerable volume ,f export husiness. Conditions have not ehanged materially in the past fortnight, hut sentiment is more divi led than it h,n he-n and th fet iing grows that prices may b' near button:, at le.ast for the .time bejng-. Those most bearishly inclin.-d j, rediet the les ent of wheat at Chiag beov $i..-u. oth wheit and l!our ha toinhe.l thir lowest point in four years. ; to ral business conditions will greatly inlli:ence the future trend of prices. The corn market is predominately b-ar-ish and farmers have been expected to increase their shipm. nts largely omo th.- heaviest i,Il work i.-. lUlmlteJy over. I j vi:st K. Iivrst(ck receipts hae tluctuated widely, ejuite as usual, demoralizing prices and de)t-essingv values on oceasion to the lowest levels seen last month. Receipts of western cattle at Chicago and Omaha will be light henceforth. Kastt-rn gras.s cattle have been closely gathered. IVeder deniand js ,j,s :i ppojnting. I'igs are scarce and have sdd at a premium. Kceent bad weather started a run of ü-ht .stuft marketwatd. The jamb market becomes easily cong-sted. 1'eedcrs have been prone to sacrifice good western stuf: which needed amdher month of feeding. Demand for breeding sheep is very light.

repeatedly touched for thj year.

new low kvt-ls

WOOL. l:oiCt woo Ik have brought good prices ir. auction sales abroad, but medium ami low grades üell chtap. Activity in the dome.-tic market is flightly greater, although conditiu:s have !ot altered in the goods trade. Growers, manufacturers, and wholesalers are anxious to have th! merchant cut his prices and di.i-P.-e of present burdensome stocks, which halt production at the mills. Iealers want action in the wool market nnd are not over-critical of price. i.m the whole, demand is sluggish, mi heretofore.

MITTALS. Merl interests expect a revival of business when consumers' stocks give out. For the present pew business is light and the price tendency is downward. The jug iron trade is depressed. Coke prices fluctuate; and make an uncertain basis of calculation. Thu non-ferrous metals show a weak undertime. Trice reductions fall, in their intent to stimulate buying.

TXKS mvniKii 1WHTY. For members and ladles, Tuesday evening. November 23. Turkeys, ducks, chickens and candy given a priz L,ots of fun. hon't ml it. 'J 4 4 'J - 2 CO M M ITTKK.

m:;iTi.u iinm:k crc At Washington restaurant.

chestra every evening

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If those who failed to receive an invitation to the football banquet Nov. 1 in honor of the Notre Dame football team will call or write Carl iinz at the American Trust Co.. or Joseph F. Donahue, 211 W. JefferHon blvd., arrangements will be made for plates. Many were overlooked owing to a defective mailing list, and we wish everybody to attend. UNIVF.KSITY CLUB. 9 1"1-21

COTTON". AftM- a prolonged decline, cotton prices have thown sriic resistance. The south is h.dding back considerable cotton. The southern export corporation is epctel to open for business about Jan. 1 and increases the volume of exports. Some bad weather in the south has threaten.-l late cotton. The nmrkot nevertheless continues in the grip of delation. J he goods trade is dull money js tight, and business degression js general, price cutting everywhere militates against a -is0 in value of tho raw staple. During the past month tr two the nviio h is

Rainbow Transfer Company For Prompt Service CALL Office Res. Lincoln 5350 Main 2750 Motor Truck Transportation We do all kinds of moving and hauling in the shortest time possible and "OUR RATES ARE LOW" 535 S. Taylor St. South Bend, Ind.

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Sit Up as Late As- You Wish

No need to shorten the pleasure of Sunday night at home by going to bed early to get ready for tomorrow's wash. Leave it to your COFFIELD WASHING MACHINE. "COFFIELD" has taken the Sunday night dread of Monday's Wash completely out of thousands of women's lives. May we sent one to your home for a Free Demonstration?

THE BIG ELECTRIC SHOP.

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If Your Christmas Gift is "Electrical" It is Sure to be Appreciated.

EXTRA AFTERNOON TRAIN to LOGANSPORT Wednesday, November 24, 1920 to accommodate THANKSGIVING DAY TRAVEL Leaves South Bend 4:00 P. M. Making all stops, South Bend to Logansport. Consult Ticket Agents PENNSYLVANIA SYSTEM

Price df-clinr.s have bf-n worldwide, according to reports received by the 1-Vdvral Reserve hoard and the New York Merchants association. While the I'nited St at. -a tintrend continues downward, in somecountries reduction has bet n t h.cl:id. Australia, is th.- only important country which has not yet reported n turn in pries. Notwithstanding deflation prices are still far above the pre-war averutrc; v.h-dtsale prices in the I'nited .Stau s and India about double, according to th:.merchants' association; in Uritain. Canada. Australia, and Japan about two and one-half times as hi'h; in Sweden three and cne-half times; in Franco five times; and i:i Italy more than six timed. Credit men ur;-re the necessity of orderly deflation, step by step, to prevent demoralization in business. If deflation is precipitate and poorly co-ordinated, it becomes dangerous. America, is exhibiting a characteristic tendency by KoinL; from one extreme to tho other. ' While lare sections of the public bought riotously ;i year or more ;iso, no one is buying now who can dV fer his purchases. Tho present situation parallels that of early lyil. The national credit men's association, Whosv duty it is- to assist in guarding the credit of the country, advises purchasing in correspondence with actual needs and without attempt to drive too hard a bargain. Tho trend of prices in the tuturo is difficult to chart, but good authorities expect firmness to develop after a period of irregularity. Tho turn may com with amazing decisiveness. Costs are buoyed up by wages, to which deflation must extend in some measure before prices can seek a permanent level comparable to that before the war. Agreements entered into betwen capital and labor fixing wages throuuhout ll'L'l and sometimes will re tard the downward movement. Swelling imports will tend to Iover prices unless checked by tho enactment of a high tariff.

The depr ci.ition of foreign money

in terms curtaibd

rope, try's ia ns, in sly th y

of the dollar, which has

American exports to Eu-

is now affecting this coun-lttin-American trade. Chilfor instance, will buy sparfrom American houses while

must pay a portion of each

p. so. not for noods, but as a tribute to exchange. larger exports to this country should receie encouragement. As ngards price? in this country th" disparity in exchange may be viewed as an advantage to th- buying public. Ry riducing exports it increases the- volume of commodities available for domestic consumption, and by affording importers a large profit on their sales enables them to cut p'Kf-s s-harply and gie the buyer an article of high quality often at a comparatively low price. Importers shouM lead in deflation, as in many cases they have a much wider margin to work upon than th domestic jobber or manufacturer.

Doctor Lawyer Merchant In sendim; your friends nnd patrons to this moneylending company There Is No Danger of being asked lo sign a note securing their debt as our loans are made on their own security and credit. think it ovi:n

LSLUL3

Phono 31ain 1618

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The Interior Makes the Home The outside of a house should be of pleasing design, but the inside demands much more than this. You live there. The interior makes the home. As you can see in the picture, this home is of pleasant, tasteful and economical design. What you can't see in any picture is the richness, completeness of detail, in short, the character of the interior. These necessary components of a home must be seen to be properly appreciated. This home, 1 1 7 Stull St., has high grade oak flooring and trim downstairs. French doors separate the dining room from the living room. The fixtures and wall paper are in keeping with the rest of the home which has just been completed. This may be just the place you are looking for. I'll gladly show it at your convenience. Come in or call up. William Happ REALTOR 204 Citizen's Bank Bldg. Phone: Lincoln 1571

It's not

"HOW CHEAP

But

HOW WELL"

we can do the job for you. That's the way we feel , about it. The best is always the cheapest in the long run, so let THE MOVIE MEN DO IT

Inter-City Transfer Co.

Are You a Connoisseur of Rent Receipts?

H 11 I I TW JW I

- (im

Worthless

RENT RECEIPTS'

PAYERS

Why spend your life in a rented house or flat year after year simply accumulating worthless rent receipts when you can put that money into a home of your own in a locality like Floral Park. Only a little cash is required to start you and your monthly payments will quickly pay for YOUR home, instead of your landlord's, (as these figures prove). IF YOU PAY $25 per month rent you pay out $3000 in I 0 years. . $30 per month rent you pay out $3600 in 10 years. $35 per month rent you pay out $4200 in 1 0 years. $40 per month rent you pay out $4800 in 1 0 years. . $45 per month rent you pay out $5400 in 10 years. $50 per month rent you pay out $6000 in 10 years.

MAKE A FRESH START TODAY TO STOP THIS LEAK Free Yourself From the Landlord's Gluiches

Pay rent to yourself. Be your own landlord. Think it over. Do you realize what you'll save? Don't continue in the path that leads to poverty and dependence, but make up your mind now to tak the path that leads to wealth and independence. Be assured of protection in old age. Own your own home. You must first own a lot.

"The Subdivision That Has Taken 15 years to prepare for Homesites"

LVES THE PROBLEM

Floral Park is a carefully restricted property where in order to extend a helping hand to deserving people desirous of getting a home of their own, but who cannot pay the high price generally asked and the big down payment usually required, permission is given to build and maintain approved temporary homes until until 1925. HERE'S A SUGGESTION Finish your garage if you wish and live in it until your rent money builds your home. Contract given as soon as first dollar is paid. You can start your home immediately. Build with your own hands if you prefer. WE FURNISH THE LUMBER ON VERY EASY TERMS.

SPECIAL SALE TODAY

NOV

OWN

S-0 to $2.00

A WEEK

all large Lots $300 and up

We pay all interest and all taxes until 1922. Free warranty deed and abstract with each lot, when paid for. A Special Double Discount will be given to all purchasers who pay $5.00 or more down. Pay $5.00 down and get credit for $10.00. Pay $10 down and get credit for $20 and so on up to $50 down, which will give you a credit of $ 1 00. Come Out TODAY and See Floral Park Ideally located on Lincoln Way East' between Russell and Dale Sts., just east of Springbrook Park. Bounded on the south by Ewing Ave. which is to be made a boulevard by the city of South Bend. Just look over this very attractive property. Carefully consider all the improvements and superior advantages that go with these extremely reasonable price lot. See for yourself the beautiful 15-year-old shade trees that cover the property. Note its location directly in the path of two cities that are certain to grow toward each other. Note that it is out of the factory smoke zone, yet being on the South Side car line. Floral Park is only a few minutes ride to all of the city's industries. Community wells on the property now operating insures

immediate supply of good water. Remember Floral Park lots are generous in size and

are restricted to members of the Caucasian race.

Looks the fact squarely in the eye and you will want to purchase one or more lots in Floral Park. Today is your opportunity to pick the best. Don't be among the disappointed. Come early. Everybody welcome. Come and bring your friends. Take South Side car. get off at Dale St. and Lincoln Way East, walk south 1-2 block and you are on the property.

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EV&T

HEY

"Looc For The Green And White Sigi.s" 522 FARMERS TRUST BLDG.

PHONE MAIN 754