South Bend News-Times, Volume 37, Number 354, South Bend, St. Joseph County, 19 December 1920 — Page 12

Page PDF (885.05 KB)

Back to issue view

m i)v, ma i:mi;i;i: k, r20. THE SOUTH BEND NEWS-TIMES

BUSINESS

T:.

a 1.

i ' i '. .- '.' ' i ! . i 4 :

' i . . rk . 'A i.i' M . ui::h. Th" I ;;.iV wr.r'; !

Range of Prices of

Stock Exchange Saturday

rtr.t activity to a ronyidrrab'o ex-

it .i -' . r ' ;

? h i"- 1'. i !.:.ij.r. ;. !' .;.-! pr.i'al'.v i:-.i p;... r T).'- :.. y tr

I ! t . i r a r.- J A-'. IP::i;, i.th. 1 I", v. .'l.i-i s.v ; A I. K'iin' I'M

.n;.--I ;.y

:.--" j. t it;--rwml i:i ;r.T !;!' y M.ar.tii...

-A i 1 Ii i : :n-r-Ar. i. f S ii r

Am. (,..

r . r - ; A:;i C;ir F.Jv

ij'i-T. r.i :.t l.t!.V II A I.. l'rti. ;:, : . v . I'm., j A II I.. I'M. :u;v,

. in. i im. ... si; Am. .n.Htir.i, . . .".'. Am. Siica r .... s.'.! .

i r

! . Tli'- ; .m. Wo.,1

I ;

i i

" ' '' l"i iwh. t-.-i r.-:.i.H v.iit -.r- . i : ; i t - i u . ; : v, i:,n n j, p ..

A ri;i rii.i 'i.. .'"!4 At' l.li.ü 7'.', !. n rn . . . . sT it a. u

i; '... r ?i-,-f, s., ;n 4 ,ir;iu iv iii'.'ii-j'f : 't-ib- tiui ir.ir

:!.: t"A;trI t : i s -.vi'.! Iia

wi'.ii t:

i du

v .1 ! r.-j. ;c! tii" l--vr- ..-. ; r; ! i-r H.i' 5;r::. L::s;,-tti":i t.t r .' .' is ! - - . ' th- j ." s-; .t s!i'rt - r;i. . r i j hiiV X m c t i vh-ri i k'i":ato,-M hn- .-in opportunity ' i,'iv- It :!. :..n-iii-ration it U--i.kiKl. Iii- -x s profits ta' will

'nr. I..(itl.-r.

'!..iri.!.-r 7:;1 A- o M. A St. I', r ' M. Sr 1. J- ;r.:.. a .v. w t;i". It. I. A: I. .. , ' U. I. A IV 'A' A '. i:. I v r 'iv z 't.m i'"i-r. . . , . r. r f'orn I'ro.I'i-t.-. ,4' T!:". St,,. sii4 "nl'.t fann Suit. 17f-

I Irl.. IX, 1 l.l"

" ' - ' I l U .,1,, ... )

i" (ijo.j l r :va f tr.- war !ir.;tn- CirT'-iratlf-n as t-i;Iin t' !" rp-tuutM i:if:.-i:i.-r. Tim li alir. liiurkft.-:, aftr .tf a.Iy:r.z a lit?!-, .--jff-rt-1 liu :I ition. lar.y st; fcs aral livto'k huv t"Uch:-I luw Itvc!, while t li ' rt-nd in tcrain and cotton ha. bolifd the r--nt jirwni j" a iiiod- ' rat' r ov ry. I.r th firvt ti:r. !m n.ort- than a y.-.-ir t Ii railroads :I"rt an aiirt-ciah!'. cur surplus Tli-i ruilic l-t urir-l to res'ini luyii. 'A as n pr-;" ntiv- .f farther ur.n: j!oymr;t.

;n. M'. V.nj.. 1. ;.)r.fJrii, Ircat Nor.' ' nr. IV,'; ;rrat Nr. Kr. 7-1'. ;r.'no r. v.i. 17 r,

IllinnN Cut. lnKpIratIn ItitT. N!rkl Int r. r;)i-r

12' ..

K K.llN.i:. Khm r'fy Sou. 17 17 MT; K,'H 1" - lrai. '..p(.pr .. 17 U. U, !." I.a.-k. St--l 4M . 4s! j 474 ""V-j 4".', J". .". Ihltfh Valy.. .Vli-, ".". '-a T.J r.2 irs-S I.. A: N .7, .".h Mnrlr, Curi'Sajii 1U; 11'; -J', J-'1, .'-M'; Marlrj Vf l. ... 4' t.i 47 4s 1 l-u's l.-o's. Mi.-nn rt. ..lw-s l.V", J.'ü'i MS.iinl rt.j.r.. i:,t4 i:,vH la .' i MiiuN st .!. .. :;; rx s -'j 'j 7' .MiiourI r.ii-. .. 17 IT 1 i l; IV :vt Nat. i:nsuid .. 47 i 17 - l'.j 4; s.'.T, Nat. ;7S, G7 !" t'7H t Nr:ilii 'opj.r. 'm r.i i N. H.iv-n Ky... If. 1; l.v, V N. v. (.'. .th 'm7-4 7'.:-j 7t 7'. N'f.rthorn I'ar... 7 7 7."ii 7"v4 7'. v.: sr.'; ,.r. a- y,.t t-; ; ..",s ".-" "1 M'-i r.-ni Am. nil .. 7'I 7'". 7 i j " l äl'i r.Pj IVnnvlv.inia .. . :'.fj ivop! .. r?4-4 :v4 .-jt" ll-"4 lll"i I'lr. Arrow l'. l'.'H 1 T:r.t .v, :ir. nt.tuN'ir Coal .v.', .v.'s r., 7:J, 7:''.. Tj'j Iniro Oil :v2K '-1; ."J .v.;, r!, .mi, iiv. sfi spu. Tt"1'! T'.1, 7 Ts -V, -j.". -:.; Hay ,n. '..;,... n im, m; in; :.sil iira.lir, ; sji4 wi'-s so", r, i, i:r. i. a sn-i r!, .-7 rT1 -P, 'jrH sir IlM'h'i' k . vvij kst. Sst; W SInin!r !! ... -P r-; su. i'a.-. r.y... ;7T, i'T', .. .'.ij Southern lty.... fJ)N m r.. lsH, l Stri.riii.rjr " -.'" V Sfiiil 'niniou 4' IO -"" .'2rH ': V4 Txa Oll 4Ji IJV. H "i: 4-1, SJlt Hl srV, 'IVxa I-n-... 17'N 17 17 17 17 17'i 17-, TotiK.-fN. ITo.l.. r-)1. OO'v 1." Inlon r.'lü.- 11a 11'. 1U, IV i 1T:m 17 T'. s. T,M.d .... ls 1k:m 17 " 17 T". s. iin .!-. . . ii'i ;i .i '.l, 1" Li T. S. st-l cni. 7'. 7t .t 7s -4 7) y-: :;:th r. s. stff-1 l'M..lt.,v, iu,iv lav.; io.v; l"!' L'" L'." s l'fah Yr-r. . . 4h 171., 17 - 72 Vnnaflluni r.74 j .".7 IT'j YirtrlnU rhni.. :ms Tj?1; r.-2 Wai.ah "A". . . U ir. 1 T. K.'i s.; . Vt.Tii l"ni..n. S-'i 21'. i -jr.-, i-, w. Mtiusiioupo .. 41 ii; 11 lJ'i I.", 12.. WM.. Motor.n.. VA .;4i .'!4 ' ."4 47-H 4'". 47 Wi:iyvUv.rhn.l rVi ö 51 . 0

C.IIAIX. The Krain market shows 1 cor,

spicuously s'ronRer ton uiulf r tru '

combined influence of jrotos.-d lylation favorable to agricultural in-

(tere.td. limited receipt, export ouyinr. and a p'-neral feeling that heavy ! li-iuldatlon has ceaseil. Any derided

ir, 1 movement henceforth must almost

ctrtalnly he upward rather than downward. Flour demand i? ill .low. mills running at CO per cent capacity that normally would run full blast a-t thin time of year. Economic conditions cast a shadow over the prain trade and for the present price flutuatlons are expected. Some observer believe that export demand will decline sharply after the close of navigation. The statistical position of wheat is undoubtedly bullish and a pronounced shortage of this Krnin may develop before another harvest.

cnouph to .?:imula: dorumd t"r ' wool. '(ol ri!'.s .it Iloston a;e n-

port"! "n the Increase.

M17TAI.S.

I T 'ri 11 1 1 1 1 T i 1 1 ? 1 li ;i hi'Cti v m rt . ' - . ' .

tailed in sunie branched of the metal industry and business i-; ;.t low eli. 'k- pi;-s r!'.'! tli3 Phortenin- demand. Th.- !. ; ii . la bookings of th sl 1 : ration iiidicates few r i.ow rd'-is aiid sotho 1 an'llatior.s.

Trend of the Markets

MARKETS

CHICAGO I.IVi: STOCK. III'ArO, lor. IS. H(;s it-Jj.ts. iiiHrkt steady; )ulk. l.V.i ; i-ut'-iivrs. l.lirjt 4 ; p.. aiii. 5-S.V4; W: Mt:tv fj.xr.'n'j.:; h--. 'i.i.."); ruiii.-h., .s.TiK'j-SXi. C'ATTLi:--Keri-ir.t-. I.hhi: jaurket f.Miy; U- f, $-J..'.'.."h); I. i f . !,rr stock. .'-VtlO.LT, ; raia-. r.1 and eutN-rs, S'.7."7! 4 1.; nt'M-kcrs and f-!T-. .''.;)' t if ; . f.l.'(0 ; tahr-, P. SI'I.'KP- j:.-. .-ij.f . J . -m ; m.irk-t t.-.nly; . laiut. .','Mo.Tä; fljti riTTitntii i.m: tock. fiiTsr.fi:;. r... 1 iv-c.in,!: K.-. i ipn lU'lit: mark t tteudy; otiira i,:.'-f.anc-d. SIli;j-.i' AM l.AMI'.S -necvlf-ts fair; n ark.-t lu : '(....1, , . ; fair railed, M'.j l.i rx:!-t. SI 1 Uvo 1.7.".. H k IS Krr-1; n, 'jt l.iitl jo' k : mnr1 . f liiwcr; jTitu h-.v hi'H, $(t.$.'J.Z ; a liim-. .lo'-r 1 !,-aw Vork.-rs. M'Mo'.j la r..: !i-l,t VorkT-(. Sio ifc. 10 li". : T-i---. S'.i...f.iii.-.-,: ruu'li.. .S-''iL'; (stags, x' 'T.

me .o if t it M v. ' !llf.;o. ... lv AVIIIiAT No J '. ar.I. M.T'.'vi No L.trd. 51.75. 'UN No - .-i!.. 7.'h; ; No. rt N'". yriio, T'oTb-; No. r yellow, N.. rii.'d, .7',i;:..: 0. mixed, .".1 j',r 7.'--: . .': whiff, TS No. .; Mir, 47-,'-flv;; Nfo. 1 Ml-. IT1-'. I: A III. I; 7:t'vj... 1: v : n .." "o i.ovi;i;'- .io;,,u. f liir (, ii:oii 1. in'A;o. i.w. i- i;i Trri:--rr,iM. r- ftra. ."d-; -f and "".f:;7; Hr?fs. !".;. s rtüna ri' .'.' ;,,; trst?, 07' . ' III Lsi; Twin. l'M l.l i: -l owN. "jo'-riV; d'Jf'iS. i'r.Toi:r.ir-, visr.,nsin rr 1" I'".. il. :-.' l.o ; iu;i Ntas i--r P 1 .!.."..(

iS f ocksGra inL i vestock Cot to n

STOCKS. The stock market reflects the uncertainties surrounding leisiatlon proposed for enactment by thf present session of congress. lUrsiness conditions are unchantrtd and restrain bullish activities mm heretofore. Itailroad earnings are falling below expectations. Further lijuidation of securities as the most liquid asset which many merchants and manufacturers possess is probable. Some time will pass before

confidence in existing values is established, even though the general average of price may have reached bottom. On the other hand, the soundness of many issues is admitted. Üargalns are offered. The December tax payments on "Wednesday did not seriously disturb the money market a hopeful sign. The policy of credit restrictions must nevertheless be continued. Selling of stocks to register losses has increased re-

I.IVIiSTOCK. A slight reaction usually follows each slump in the livestock markets, due to suspended loading In the country, yet another slump within a short time seems inevitable. Higher

prices attract heavier arrivals. The

BUSINESS OUTLOOK

KAIbHOAU smWTlON. The w arning 'iven lv Kail - ay Au to "ship row'" ."iijuais -eri-ou;: consideration. It r-vt;iN a situation th' exact op;os.iu- :r:n that e.Mtinw early lr.st spring. Thr railroads c-an handlo more lreiuu tl. in is fdferej. Were the freer traffic i.ov."-m nt due S4b.dy to increased ftiici.no and tho addition ot new rolling stock. It would be ause of unqualified gratiticatic-n. It tloes dente a n.:rked incnris" in oper.-Llin- efficiency an 1 the repair of cars and loeomot iv-s, hut primarily it r.Mi'.t

ranee ca.ttle movement has nraetic- from t lie P-pre.-sion In biisir.f' amt

ally ended. Calves are near tlie lo-.v-.th- suspep.sion of much t;UTir that

est levels for the year, while liquidation of western lambs and Imports of frozen stuff demoralize the liva mutton market.

corrox. Cotton prowc-rs are fanling heer in the- reopening of southern cotton mills and the steps taken to form largo export corporations under th Edge act and to revive the War Finance, corporation. Wage cuts at the mills Imply lower-priced goods and a larger general consumption with increased demand for th rawstaple. Prices seemingly have discounted every known unfavorable Influence and the trend here, a-f in the grain market, should be upward. On the other hand, the government's final crop estimat-.' was higher than s:omo private reports. Weakness in variou stocks reacts on cotton. Prospective German consumption of cotton is much Ic s-? than had been estimated.

WOOL. The wool market has changed but little. Nominal quotations are lower than a month or two ago. Mihi weather ha prevented liquidation In the retail clothing trade. Mill supplies are undoubtedly low and activity should quicken henceforth. Wage cuts may paralyze the woolen industry. Quite as likely they will pave tho way toward lower costs and invite buying in volume large

1 ; 1 im r -

would normally mving rt this time of year and that must asyuTKlly move laUr, perhaps whou snow and ice have made the northern roads aim. st impassable. Farmers are holding grain. wo 1. cotton and other products. Ortat stocks of lumber an exceedingly bulky commodity which employs much ia.il-

inij stoeU i a ciitr.ulatia'

mills, while retail lumber s,oi s run lrw. Retail merchants ave not replenishing their stocks 1 I'n-y would do normally. All this postponement implies a flool of traffic later which mtv overtax: the. limited facilities oi the roads l produce h: b s-r congestion. Now, v.liile mild w ather eontinu, is ;4.ssu redly the time to .-hip all commodities for wh'cli 1 iot buver can be found.

Coal

(There's Nothing Like It) For Cooking aid Meatia

MA KG l C The sensational dance hit on re old. Also "Whispering Japanese Sandman," both vocal and instrumental. "Chile Ben, 'Waugh'y Waltz" and all other dance hits now in stclc. C. W. Copp. J..:7-li

KXK1HTS or COlAMni S. Regular meeting and program Monday, Dec. 1'Oth. at S p. in.. Revier hall. All visiting Kniuhts cordially invited. Cö3-lt Any part of 100 phonopraph boxes for sale. 50c each. Rlue Rird shop, l-ö X. Main st. yööl-:':"..

IMUVWroi.l. MVK T(I(K. IM'I ANAI'fM.IS. t...- is. IT m;s K. ipi. 1 ::.; market .stcnly; b.vt lomb. . . J l .", : medium utol iniv.-,!. $'. 2." '..-".: . . n -I... u cimi. c, isy.i 1 s j tailk ef f4al.-. 5e;t.v

lr!,IllaI f. 1S' . Mir. iri," M v 1 1 1 oi;n Ree. ;a Ma 71', .Inlv 72 Ree. l-V; M.iv l .'lllv x ROKK .1 b n :!'.. 1 1 i.A i:i .i.i:?. r. (1 1.":.7i) xww .'an. til? Ma 1 '..

ce!fti. :ro: market ."... AIN AM) rUOlhlllN 1. - 1 1 1 I i .kW (la!..it: r;vv p7,u:, b'-: 1C.2V ic.i-.. l.-.H i; 1 : IN rt ! .2' ii' 1 . - J "I 's 47', .: 4,'. 4' 4 4s"-t is 45

r: 1 ? l.i 7o hp;

t r t::.-r. 11 ?t IIS.)

22 13 in n? ru;2 1 1 11

v J

FOREIGN COMMERCE

1 i

IxN

T.xmiT i.i:;isi, no.v. Th an:iounccr:ie:,t of hear;r.u o-i a 1. vised t tr;:":' schedule to hi gin Jan. j MJKtitt an eftort to rtish b i:i 1 n tliiouh the prtsern s. ssmr; oT c(.i:u's, Rr ss;j-. from the r.at'ci.s" . -rr;. u!tur.;l h.t r. to wb.ich or.5Te."sr:n n are always sns:tie. ar.d lro:a : on.ir.t i;t ;ri.!u-tr; s. is r ry st r.t nr.

It is tl;o ho;)e cf fort i:

atie au-

thoriti. --. amomr th-m bank, rs who ;a Miam ;::g ports. that c : rtvs w;ll tike :-o :i:-.ulvi-.'d ai.d !''.-':' am. n. Tariff on u h a cotn-i.a-d;ty .ts wo---!, of win. h country air ady has ar; o . r-suppl . i:my ;.d ample .ition. a hich t ar il cer,.-'.il'.y will . urlail imports just

at a t;::;" w ht Ruia-p. ui eountries 1

an ; y t:;. ;r ,., i.ts and right the Tra.b- t.a'.af. t !.:" Willi T.y C.odls. 1; will hk-u:e p-n.i t rai.-e !i" b v of jri. e. in :!;; . i.t ry. t it;r:g an. app-ar.t:;..-e pro.-;rr-i:y w hi. h the fact.-- brli-. Tiie tar::':', hi;.- protecting .-.t:.,. i.u.k : un rs .'r a:;.s: foreign t "mpet:tn.?.. will :nlf: the production csts .f oth. : .

The prc-povci 1 iM.i'iniOhi,

i..aii.- J ,. OW S ' t Tit- 1 tw

:::g.y a reahtv. A li.-h tan-v w - 1

.Kg rat tli-- situ ition with tl..reation ,,f this 1 ofj, oration ;s ir.t :! I to 1 .-lieve. Aim li.-.i ::u;-t .: trv e Rurt p .in purch...-s I . . a. ' h.e buyers have i. m..i;ey to pay. TI::- i ountry. b dam mi:, g or... im. jortant eu.b t for Furoj .-;ip. vxpv.rts. v i!! in.-r. a. the r...-d of it ;.coramodatP.;. far b,-o:.d the ,,Vailb;e s-ippR. A:;.- f. r--;v.- th" t..r;:f Jaust h.t. dr..- ;-.-g 1 1 . i . um star. e.-'. nwijis rou m. M?.t Le.iutifnl a-t.-ortroe r.t in it v.

N . ,

Nv4

I I

t- --

S- S , y , ',' SS s ssssssJSsJsS yyyyy

.NJ

o The Public

V Do you know why Liberty Bonds are selling under $85? Do you know why French Government Bonds worth $193 normally are selling around $60? Do you know why Canadian Government Bonds are selling around $82? Do you know why German Municipal Bonds worth $238 normally are selling from $15 to $20? Do you know why our manufacturers are having serious difficulties exporting their goods? Do you know why the American farmer cannot export his grain?

35$

Here's tKe Answer

orei

xchange

Energetic efforts are being made to rectify this universal financial trouble. The American Bankers' Association at Chicago a week ago organized a Billion Dollar Corporation, the object of which is to give Europe and the rest of the world ample credit. We shall be glad to give you a comprehensive analysis of conditions for the asking. You will then be in a position to take advantage of the situation and profit handsomely thereby. All foreign bonds are being heavily dealt in in New York, where these securities mav be bought and sold readilv. Our minimum transaction is one bond. Are vou a shrewd investor? If so, we are at vour service.

Go L

T TT Tfin

IjU 1

423 J.M. S. Bide.

Lincoln 1336

RIE

Open Evenings

XV-,

Mr. Farmer9 Mr. City Man: Is your wife still using a coal range? Is she still using fuel that makes SOOT and SMOKE and ASHES and DIRT? Why not be up to date and install an Oxo-Gas Heater in your home? The fuel that makes neither smoke nor smell nor soot nor dirt where you will have no coal or wood to carry in or ashes to carry out. If such a proposition interests you bring us your order and we will do the rest. No Cost Until OxoGas Heater Is Installed Let us figure with you on your heating requirements for this winter.

WANTED: The factory representative has an exceptionally hln prade steady position bringing large earnings for a man or man and wife to take full management of one of our branches. Small cash security required. This is an opportunity of permanence and wonderful futuro possibilities to identify yourtolf with a company of 25 years etanding. Ask. for Mr. Holman.

I j H T5 IT T m

tanoara ueaan:

aid Hoofing Co.

129 Lincoln Way East

L! "

Offering the Unsold Portion of $50,000 8 Preferred Stock with 50 Bonus in Common Stock Xhe Mathews-Banner Range Co. SOUTH BEND, INDIANA TAX EXEMPT IN INDIANA. Price $100.00 per share CAPITALIZATION. 8 PREFERRED STOCK $100,000 COMMON STOCK 100,000

TOTAL $200,000 The Preferred Stock has a par value of $100.00 per share and pays 8 in Cumulative Dividends, payable semi-annually with each two shares of Preferred Stock purchased, you receive as a bonus one share of Common Stock, having a par value of $100.00 per share. The Common Stock should rapidly increase in value. PURPOSE OF THIS ISSUE. The company is offering the unsold portion of the present issue of 8r; preferred to provide for additional working capital for materials and labor only, the Company brinp fully equipped with modern machinery, tools, dies, and patterns to manufacture up to 1 00 ranges per day. LINE OF MANUFACTURE. The company is manufacturing a complete line of gas ranges, including a combination (hard or soft) coal, wood or gas Range whicH many dealers and users claim to be the most successful on the market today. THE MANAGEMENT. Lewis C. Matthews, President, in active charge of production. Air. Matthews was formerly Vice-President and in charge of production of the Engman-Matthews Range Co. For twelve years in charge of production for the Malleable Steel Range Co., South Bend. Ind. Walter A. Mortenson, Vice-President, Treasurer and General Manager, was formerly Treasurer and Auditor of the Studebaker Sales Co., of Ohio. Daniel Matthews. Secretary and Assistant Supt. of Production, formerly Supt. of Engnian-Matthews Co. Lewis C. Matthews is recognized as one of the leading and most successful manufacturers of Ranges in the country and his acquaintance with the dealers from coast to coast is a wonderful asset to this Company. Every Company of which Mr. Matthews had charge of production has been a big financial success for the stockholders, because Mr. Matthews builds Ranges that give perfect satisfaction to the consumer. This is your opportunity to participate in the profits of a Range Company managed by men thoroughly experienced in this line of manufacture with an unlimited market. We invite you to investigate and visit our plant, which is located in the Old Singer Plant, South Bend, Ind.

The Matthews-Banner Range Co. Without obligation on my part kindly furnish me more information regarding your investment offer.

ame

Address Telephone No. City . .

Legality of this issue approved by Messrs. Meinem ?, Yeagley & Mclnerny. Depository The American Trust Co. Fill out coupon and mail today for detailed information. THE MATTHEWS-BANNER RANGE CO. Telephone No. Main 232. South Bend, Ind.

uii-iiio ioe 1.0; j Mior.jan t. Miia Tt9