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wCXI.Yt OCTOIHJU 12. 191 V
THE SOUTH BEND NEWS-TIMES NEWS OF THE WE IN THE WORLD OF BUSINE Stocks and Bonds Manufacture Domestic and Foreign Trade 12 ER MAI OPENING Fractional Advances in Lead-, ing Issues; Some Show Larger Increases. I Ej United Prejn: NKW YOIiK. Oct. 11. l'irther pain. marked the ptork . i r 1 ; t opening today. Mos! 1 riding i.-ues were up fractiona'.y, a few show inp: larger increases. V. S. Hteej opr.-i at 112. up i. ; Mexican Petroleum at 2 lf up 1 "2 ; lUthlehem P. at 10St up 1; Bald win 145 -. up ". Tfx.is Co. Csf' UP ; ftudelaker at K1;, up and U. S. .Stores at 1 1 S . up l. MARKETS rmr.fo 1'icoinfi:. CHICAGO, t. 11. - Kt "PI I:!! - r.-ua tt tr;i. a ; wt .nel.-ird. .".'..; firsts. . U'N. r-'-.".i. ! . . ; - ( ir.lin.nr! '.i-riZl ; fl rt . .". rilj:i;si: Ti!is, -7V; Amerl.-;'. '.".ii.i.'iiv.. I'MVl.TUY Fowls. i'J-; in- ks. L'7 ; 'f, 2.-; .prtr;f, 22: - ; turkt-vs. 1'mTA Tii:s.-(':.rs, WW.msdr.a j.-r li.. $1 "''ll ; Ml:iti'.t;is, j. r !' p. . .5i.O'Mu. CHICAGO I.IVK STOCK. CHICAGO. (, t. II. H KjS Ke' f lpt. 3..'o: Harket firm; hulk. $.14 1.' '. ; Puf iiern. 1 4 70'; 1." 40 ; parking, ?1.;.7.". fi14 7.; Hrrits. 4.('i 1.' in ; pi-s. :..i: ?pl.(o: r.filiH. .i:H'i 1.". 'A ca rrid: Keceipt. 2..v: br. .ssft ;1.7'; luthT stock. svooi t ; ,;in ht and 'ltrer. ?T.2."7,7.7ä ; st.-kTs arvl ff-e.JerH, .Srfi 1.1 i ; ions, Nt'.ik.',; .(: ralvet,. ?lri .Vi-V; 17.7.. SIini:P R-eipts. I..VO; market Ftea.lt : W....I l.ttulis. ', 112.T); ewes. a oow7.o. CIIICAJ.O CASH CHAIN. CHICA;. n. t. 11. No. I red. .2 27'-.; No. 2 red. 52 21' .; N. .1 rfd. J2 21 : N. 2 hard. 2 2.'.1 2 2ä ; No. .". !i.ir-l. 2.21 ' .. COHN-No. I vellow, ?1.10'a'' 1.12; N". 2 yellow. J1.1P-1.42; N. .1 veIS..w. Sl.u H1?'. 1 mixed, $l.41d.42; N. 2 mixed, $1.41iil.42; No :; mixed. 1.41' .. ; No. 1 white. Jl.41f.-t 1.42. OATS No. .1 white. U)eT;71. n A K PE Y ? 1 .22 rn I UVK No. 2. .51.42. T I M rii Y s.: tfj. 11.25. CIirrAC.O OPwIN AM ntOVIMON. CI I ICAiO, Oct. 11 COHN Ie. 122 12.1 121 122 Mjiv 121 121 12 121; ATS I '. 70 7'j 70 7a. 7 lav h h I'UKK I o. f No.rdn.il . i.ai:p- j nt. 27 7' 2S 12 27.70 2s PJ j Ian. 2kir J'..."2 2it.L" 2't j I IPS I . t. 1?02 Nominal loj: Jan. 17-' 17. 4 17.2.". 17 4 riTTSlUHO I.I VF. TOK. riTTsnruc,. ia.. ort. 11. cattli: Keeeipts licht: market ateady: chol.e. ic ik.'IO good, $1 4 (014.7." : fair. Ml :.c. 12 :; veal calves. ?JJ.0o'ii22.rO. SH KJ:P AND LAMPS Kfcelpt! fair; market w; prim wethers, .0 7.V,? in. 2.": pood. "CiO ,V; fair mixed. $7.io (fX.Trt: lamhi, $-s Ov'xd.15 00. HOiiS- Keeeipta bteady: prime heavy bcz. $1.'.WU5.75; medbima, $r.v',j .100; heaw" Yorker. $l.rC'.10.oO: Uzht Yorker. 14o'71.". 0": pjgf, .l4.io'rö U.V.: ruuehs, JloAiHOO; stags. $11. to 12.00. KAST nrFFALO l.IVT". STOCK. P.AST PI PPALO, N. V.. Oct. 11 CATTLi: -Receipts. 1.:: market weak; prime (er. 517.00';vd7.oO: butcher grr.de. 5UH!"r.l..M; cows, $4 OOT7 l'M-xi. CALVi:s Pec ipts. f-; market h: cull to choice. $A.tV,r.22.C0. SIIPPP AND LAMI.S Pecelptf, r. 00 ; rcarket slow, steady: chol-e lan:Is. -5l4..r-t'.l..oo : mil to fair. $0 Wirl 4 00 : e.rll:s. SO .V'-j 10.rt ; sheep. f .-. (n KVfsn?.T!r. 2'0: nv.rkPt al lTve.-: Yorker, fWMItiW: p, 1."..0o '71.52.': ni!e1. :;? V'.iM: t'e-ivy. M.W.'UdO.oo; roug!:, 5i:.'v,,i.p); st.is. "'."11 h. FOREIGN TRADE Merchant Marine Merchant ship product i-n in the Pnitcd States ru" passd its peak, v.-nrn shipping experts, and the na tion must soon return its dearly won end much prized leadership to Pritatrt. On Jur.o 20 the American obstruction total showed an in- rease over the preceding Sept ni br of only 40Ö.P0. ton.-, as agiinst tho Pritish increase of 77.'ou". ton Reports from the Pa.p c cc is, as-.-rt that all yards tlire mut .-.n closer unless farther contracts are. secured. Englishmen frankH dotibt Am-ri- ca's ability to hold :rt i'..ire. in-; sistlng that Am.-ricar. sl;ipyard.s mut build cheaply iu or.'.er t ..m-i p to w::h cour.tr: ';ke Pr'.tain atvl .P.; an. Th" I.o-i.l.vi Times Tr...'.e s.:pr .enent d-erv s: "It is now ro::n: c to be realized ti'.it a .t hi;d'.ii!lm trade can j.,.t l.e " stilM'.j'.li d eti a a-1 of pi-trioti.-r.i ar. 1 .tr-ti:ne nth".sias:r.. .:id that t rk .In:"' ur.d.-r the pres sure of wa r cor.diti.-n ; no star..!- ' aid : v hich to !.! -:it:.ats of, future ach:- t:.cr. t " I Lloyds register for IT' P. '-2- re-' c : N th ii.v'i .1 - of -t 1 t:iriae in tb.is i-ountry .ia i t!i w . 1 f b can .;s 7.74."."e... whil- th.' I'm;:, d K::.c ( m sh-u s a d.-crt as..- of 1 . I I y the En,, rger.cy Fleet : j 1 r . . ' 1 . : 1 b.a-l pa-. 1 2j ' r.ir.e i::onth .ift.r the a r !:.:" t : 1 . ..pprox-1 lii.atn.g ! l,r.'-v.'".o. ,!e,,.!w ight ton- j.-tce Yet. ..s ..ne Ktii.'.. shi; ; .ric authority r marks. Pr.gla'.d's ; : eign trade ;s ... n. c-.-.ity. whl'.e Aa. r:. .i's is a ..:,::... It r.-s b.tl. r.a"ar.il and ; r.1 ! tii.'il Kr:ti-h --0.; pr l-.ct..:: :...ald 1 eaifi it ol i ;;:... r. a .-. The far tr.. !. in 'h...., f.r tli ;.car 1 1 v.:- :ii- his'.- -t a re-' ord. b nig $ 1 .2 4 1.0 4 ".'.'' , the ia - trca teinj 5 2 0 4, 4 Iii, IS 1. Range of Prices of Stock Exchange Saturday NKW UtltK STOCK KXCIIANGK. Int. NlVd -'n s I M:V YUI1K, t. 11. Int. Vn.?r ; . t; ( a.! l : u nj . r.,tu. -pt, 47 pp; 4'".' Kenn. '.pj.r.. :.dT; :.'.7; -".Vi A'i. Hum. I'M.. T4 74 I.ck. Steel , s;N, St',i.t M! NT. J A !:: ;,: r.i'-r . . W W., Mn swell 47 Ol ' 47 01 Ar:,. pH.-t Suk' .. to " M 01 Max. l.t Pfd... 'J r,la 7'.'t Vt4 Am , 1,7t, ; m; Max. 'Jixl l'M.N 41 4.U4 1 l4 4T Am. ar K-lv. . l.-,;", 1V; IP..; :'.arln oni.... f.j cit, 1 Am I rjir Svn. 11'. ir-4 i M.irJn Pfd PJt.'. 121 12. a ii .v I.. :vo r.;', rr. j mx- Per 2' 2T.2 iv 2.v'-; A II. L. pf.l..l.V, x; ."-. IV. iMl.imt Cop IT-., -T7., 27li 27' . A'r !-'. - in in, iir.i; in ; Midmi steel... ;a : :a I - :n'-lt 7:: 7V 7.:. 7" 1 -i ; MiK.url lnr... 2t : 2t 2.-;li A"-. Ss- .r . . . . i:.t , HI ir:sHt i-'.s4 ,,t. Knainel. . . .- MT; 4' j M . v i 'i 1 . 7-!.' '.r.il 4 .J Nnt. Lend vip Mpr, vp; Sflv, j w W....J tt'.i.j l -.s i:;-, 1 :'.."", I N-vsf!,i Vn Is 1 17T, 177 At ..'!!.. To', 7i 7o 7HtjX. H.irn Ilj....14"; Wn Xl r,4 Af' ;.).. .(! 4 ;.:, I N. V. (' 74h 7."i 74 7." I-'"" Ii".-, lrr, l 4 (Northern Vac vtt; s v74 st; I- V ( 4P, tr. ! 41 Nor'fk vV Wst...102 102 101 lla I'.'ffi yr ;: M'14 in-i, io74 lo'... n. (Mti-s (hx .. ." ."7 .v, r.7 ;". K. T Jf'i4 2i4jpnn Am. Oil... 123 12.". 124H 124 P.ntfM .V u, . . 27 27 2C 27 Prnns vlvnnl.i . . 43 4.". 4.1 4?. '!if P.-t .-; rd M I IVoplp ;as .. iC.U 47 4tHt 4 4 'li. :. P. -- .r.2 1.-.2 1.-1 12 I Pitt. Toni ö " (T, rtl 04 1 . . . or, i .".r r,o!Hv. steM Spir..Pl H2 lot iot' W. .'7 27 K:,v Y,n. Cop... 24 24 2-1 24 ' I . ".r;.- 1.- 4.V; I KPn.llnif M M M1 '. M. f. P P i;7 ,.7.. aJi H'p. I. Ä Steel. 102 101 1 ; Kl 102. ' ü I. V I... i's", js', Sinei.. Jr (HI r.1 .1 01 01 ' It. I. V P. W 77 77 S1. Par. Kt...1101h 11h 10(1 110 :' - ' P T." 5 (V. tT, Southern Itv.... 20 2' 21": 21 2; 2 Stu.!. rotn".....12sU 1.14. 127 i:u f l.ino Cop 4 4ä 4Cj 4.' Texas Oil 2 20) 20 ls; -. 40 Texas ,V P.ic... .-'. .".0 " .V. 1. 1 ' ' f, 7 S. roi. Prol 104 10S iai 107' i ru. sr.-l 24 244 240 241 Ci'lon I'urlfif. . . l'T, 1?.. 12.". 12.1 C Can.. Siizar. 41 41 41 41 P. lliittber . . 127 12 120 127 j P S. y I viv; c; M P. S. Steel Coin. 112 112 111 111 Pri- -..m ir,is im. Jr5 T. S Steel Ifd..115U IPm ll-" 11"t; C:.s. U'llli.)!-.. .V. .11 :.2 .12 Pt.ih Copp-r S". V.1V " -v5 dr. M. ,.. . an:; IT ,1(2V? Virginia Cher..V. S3 S2 M :... .lri. Ii s4!4 i.3 uH.asl "A"... r.1ÄH ls "1 .10 i.r.Mt N"r. fr- 40 40 4l 41 West. T'nlon .. s.1 I'i C C.ui.uhvi Cn;. 4.1 4?, Wriflnphoiise . T0 T7 r0 TiOi li l.iMt AP... ..IP". l.-.OV, 145 10 WillvH-Over. .. .T. .17 .1" .V. : Inspiraf l-.tj (T2 2 02 02 Wilson tV Co... Mi S; , S(!. Review of Activities in Various Mnrhnts STOCKS. Despite occasional reactionarj tendencies th- stt.cj market con tinned broad and active. Standard stocks, while under some restraint at tiiues, made substantial pains, .-'pecialties were favored and marked tip bih records. Sales maintained the rapid pace of last week. The forward movement Monday was at tributed to settlement of the British railroad strike, anil the president's partial icenvery. Hncou raging re ports came from the iron and steel industry, and the strike floured less in calculations than at any time since its beginning1. The steel group displayed noteworthy strength. U. S. Steel selling at 110. Call rates were strangely high and laid some re straint upon the market. Foreign exchange was easier. (iUAIN. (Chicago Market.) Although wet weather, forecasts of a cold wave, and the longshore men's strike at New York produced an upturn Thursday, the trend in corn was mainly downward. The goernmont report, estimating the yield at 2.000,000 bushels, exerted beari.di pressure. Kxcello-nt quality is assured. The crop will almost wholly escape frost. ther bearish Trend of the Markets Stocks Grain Livestock Cotton STOCKS. Cheered by improvement in the president's condition and by set tlement of the British strike, the market turned buoyant and ag gressive The advance wuus gen eral. Not until much public par ticipation has caused over-extension will any serious break occur, brokers think, although the mar ket, having discounted a settlement of present labor troubles, may re act somewhat. Price Inflation, here as elsewhere, if such it be. will remain in the ascendancy so long as circulating media and credit are inflated and a shortage of goods and labor persists. The action of money rates in soaring upward. while partly technical, suggests the possible desire of banking interests to restrict mar ket loans. One commission house believes the market overbought and credit over-extended. A further rise in this case would predicate some rather positive development. Yet. while certain values are inflated, others undeniablv are not. LIVESTOCK. Sharp t!n'!u;i s recently effected th..- lowest prices for hons in two ears. The bulls found little in ci . :r c mep.t, gains being immedi ately wiped ut. The country is 1 a at.ing up the old crop and re . e.pts hac beeu l.irge The dollar ..dvance prompted a larger move nier. Trailers h ivc become un equivocal';." b arish. In the cattle market the storv was different- ric. b.av Tili' d up steid.iv. or h id t.rm'v. f- r sonie w.oks. Trad-' a s ta k still higher prices. P.iiyers w h have stuuied e astern and .)'..tl: ro gra.''...g districts report leu more c ittle available in these r. i :.x. Pr la ti n : a shortage is mad.-. Sli. p .pts hue beeti rath, r li:ht at..! th" market uneven as to pries. T:. .K ng at times was .'.all. I'..c'.irs t'.arer.tly oppose ..:: advii.ee in mutt. :. Actie de in .toi in f. r sheep .. noted. tndi:.-i to str.ath.n prices. Vm prices at th-? mid-week showed l.ttV ch .iige. P.rratic mat kef s had been w itnessed. Iipht ITrrmgs tffc-ted rallies early, asj the Week factors were weakness in the hog market slowness of eastern shipping; demand and improvement in fall pastures. Country offerings were fairly liberal. Oats, as usual, possessed some independent strength. LIVESTOCK. (Chicago Market.) Hogs touched their lowest point in two years, falling below $15.00, under pressure of liberal receipts. Feeling has been that circumstances do not warrant even recent levels. Monday the. market strengthened. Cattle held steady with prices firm, then weakened somewhat. Trade In sheep and lambs was slack at times and prices uneven. Weakness de veloped. COTTON'. While prices, ranging between 32 and H4, displayed frequent hesita tion, the market's prevailing charac ter was firm under bullish weather and crop advices. Strength In the stock market helped to offset the ef fect of errsier exchange rates. Set tlement of the Pritish railroad strike and improvement in the president's condition induced active buying and an upturn Monday. Urerpool ca bles had a much stronger tone than last week did improved eastern demand and the strong cash situation. Hreaks followed as the result of a rapidly declining; hop market, better weather and bearish crop reports. One big factor in breaking corn was news that Arpentina was of fering her surplus to Europe at prices below those here- While the rail strike In England for a time exeited bearish influence, the final settlement and lifting of port re strictions tended to strengthen the market. The movement of new corn is underway, and farmers are inclined to offer their holdings of the old crop more freely. Oats mainly sympathized with corrw but showed some independent strength. Gains followed word that seaboard bids had been ad vanced. At other times this same news failed to affect the market. There seemed no likelihood of heavy foreign demand with Argen tine prices cut down. COTTON. The unexpected ending of the Pritlsh railroad strike induced an active buying movement, during which prices advanced rapidly. Some realizing followed. Liverpool became an active factor again. The ivarket continues ery attentive to crop news and predictions of frost damage. Wet weather has lent the bulls encouragement. Georgia 1 claims the shortest crop since 1303 and the lowest yield per acre since I S 9 Ö. with a loss of 150.000 bales since the Spt. 1 report was pub lished Undoubtedly the damage has been widespread and severe, and will tend to reduce the surplus thit miuht otherwise accumulate in the abyer.ee of substantial for eicn buying. The export situation has not changed. WOOL Woo shows continued inactivity without marked change in prices. Th- government will resume its sale of surplus stock next month, as pi ir.r.ed Manufacturers are doubt less awaiting these auctions. Word comes that the Pritish government may follow the initial auction sal.? at Hosten now anticipated with monthly shipments for so long a time as the American wool trade will absorb them. .This seems to be part of a broad scheme by which , the British Kovernment intends re I ducinfr Its present stock of 2 500, i nrtfi Va1pi nnrl it new rl!n of an. other 2,500,000 bales. 3I17TALS. The steel mills have reported steadily improving coniitlona and Join Wall street In taklnpr a most optimistic view of the strike. The' Bethlehem plant Feems little af- fectcd by the walkout. The volume of new business Is considerable. Eastern Pennsylvania mills have ordered lare quantities of scrap Iron and steel suprsestlngr that western orders may have been tranrferred. Scrap moved at $19 to $20. as acalnst $18 and $18.50 Just prior to the strike. Copper producers retain their faith in business from abroad fol lowing ratification of the peace treaty and credit extension. De spite inactivity in the trade and enormous stocks on hand, produc tion figures have shown a steady increase in the past few months. Local Markets Ail, STHAU AND fTKI. iCrfect( Dn ry . VTir MI1U llur and FvH Co.. 4?0 B. Ilrblc ) The price of bog, which has been varj'ing from a rent to a half cent a day during the past week, again dropped a half reut Saturday. Twelve cents ia the lowest tlgure aud I being naked on S hojfs from 1..U to l.o v0111'1. while the highest, 13 -ent, 1 on hog 2 pounds und up. Other markets remained steady Saturday. NEW HAT raylog 120 to 22; aelllnf $32 to $40. ST It AW raj Ing $10. selling ?12 or "öc. a bai. OATS Parins: 75c. selling (0 to 95c. SHELL CORN Paying HJZO. LAU COHN Taylng ii.uOiHl SLLi- r!o $u per bu; elling $d50. CI.OVEK SEEDrajlnx $ ba.; eil Ing $20 bu. ALSYKi; CLOVER-$2300. ALFALPA (Montana grown I $18.00. GRAIN AUD rKT. lrrtd Ially ttj O. TT. Barrett. Star Mill l!4ri'llo Ar.l SHELL CORN raying $160. OATS Paying 70c. selling 00c. BKN Selling 2 50 hundred. MIDDLINGS Sellin? iZ 00 hundred. CHOPPED FEED Selling, $3.75 pel wt. SCRATCH FEED Selllug $4.23 pi cwt. WHEAT rajlng $2.18. SXTS.D&. (rreti DaJlr by TTmer nroi.' B4 Htor. 22! 8. Mlrhltn ft. COW riAS SI.S0 to Ji.M. JAPANESE MILotr $-1 to $3 50. RED CLOVER $23 to 32. TIMOTHY" $0.00 to $6.50. SPELTS-$4.M cwt. RED TOP $0.00. SOY BEANS to $8. FOUDAN OH ASK M0 per hundred. WINTER OR HAIRY I1ETCH-$27.00 per buabeL SUNFLOWERS 25c lh. ALSIK E $25.00a:i0 00. PLUG GRASS $4.o0. W 11 11 F. CLOVER 2.00 to 133. SWKKT CLOV Ph 18.00. MAMMOTH CLOVE U$2S tc $35. ALFALFA $22.00 to 21.00 bu. 1ELD PEAS 43.50 to $4.50. UTK STOCK. :Crrrt4 Dally by Major Bri4 8. W gaa St.. Mlthawak.) XIEAV FAT STKKRS Fair to god. lOH'lle: prim. 12Ü14C. IIOCS l.TOrg-l.Trt bn., 12c; WXIX lbs.. I21c; 175rd-2O0 P.8., 13--; 200 up, 13V:. POULTRY AND UTA TS. irrrrtcd Dally 7 Jlmmlv'a ilarkK lt K. -4fferoa BIC ) BEEF Roast. SOÖOc: boiling, 20c. LARD Pajlng 5. selling 40. PRODUCE MARKET. (Or'erted today by th rtTirko4 ropery. X30 N. Mala t. BUTTER AND EOGS Creamery bnt ter, paying 06c pound, nelllng 70 pound; country butter, paying 50c pound, aelllnf 5.V pound: eggn, paying 5äc dozen, hell ing 00c doreu. FRUITS AND VE03TABLE5 Frulti. California nariJ oranfi. 0c per doreo: Virginia potatoes. .2(0 bu.; new cab bage, eelling 5c pound. HIDES AND TALLOW, (t'rrted todar by S. IV. Lippman, til y. Main tA Htdea. 25330; calfsklna. .TOO'COc. Rendered tallow, 5Q7c lb.; beeiwax, BUSINESS OUTLOOK High Prices An undoubted feeling of hesita tion and timidity exists in retail cir cles. The money value of trade is larger than ever before, although numerical sales may be less. Yet merchants live in dread, fearing that strikes may induce a period of "hard times," with values falling and high priced goods left on the shelves. Mills show a tendency to restrict future commitments. Some wise heads believe that price lifting has been overdone, and that prices having reached their highest pin nacle, will now come tumbling. The existing prosperity seems fictitious. At the same time restrictions up on output are such that prices must necessarily remain high for the present. The government cam paign, while salutary in Its punish ment of profiteering, is unable to remove the deep-seated economic causes of inflation. Very few com modities apart from food stuffs, have declined materially, while some have actually risen. An era of high prices, descending slowly, together with expansion and genuine pros perity, may be anticipated, always assuming a sati?factory outcome of the efforts now being made to unite capital and labor upon a common program of production. Eyon Examined by H. LEinONTREE Bm4 Ledla ) tun mptu meinour r?. BUSINESS Stock Market Proves Value As Barometer, Evincing Confidence in Sound Con ditions Abatement of La bor Unrest Depends on Conference. The stock market is again prov ing its unique value as a barometer of business- It has consistently registered confidence in soundness of present conditions and the brightness of future prospects, thus strengthening the nation's confi dence just when conlldenco Is needed. Tho market's truly re markable powers of divination en able to discount events far in ad vance which explains the surpris ing fact that, coincident with the publication of favorable news, the market often reacts. Predicts Knd of Storm. Today the market is predicting an end to the storm wave of acute industrial unrest. While many strikes continue or Impend, com promise with English railroad workers has Inspired hope. Many business leaders believe the steel strike will mark a turning: point in the American labor movement, and that an era of greater quiet and content, expressed In multi plied production, will follow. Much depends upon the outcome of the industrial conference. I'vldenco1 of Kxpanston. September new corporations, totalling $1.945.000.000. top all rec ords, and present stupendous evi dence, not alone of the. country's size and industrial power, but of expansion to meet growing needs and of confidence 'In the future. Charters filed were 972. While they reached 1,000 in July, accord ing to the Journal of Commerce, authorized capital stock did not ex ceed 51.425.(V)0.000. .Since January new incorporations total $7,835, 000,000. Third quarter earnings of the United States Steel corporation are expected to show an Increase over the second quarter. The strike came so late as to have minor influence. Doubtless production will be speed ed in order to recoup recent losses. Freight traffic has Increasel slow ly and August net earnings exceed monthly rental by $16,000,000. Car shortage still persists. Stocks are aggressive and buoyant (at this writing), reflecting business confidence- ii New Moves Up!" The above heading has stood at the top of Monitor Announcements for thre weeks. You have seen us sensationally vindicated by veritable violent vol canlcs, as the leaders in our Bull Group No. 16 leaped into the air. You had our public warning not to bother with the old favorites like U. S. Steel, Anaconda, the Railroads, etc. Monitor Hull Croup No. 17 is now ready. Many stocks therein Indicate reliably ad vances of 15 to 35 points from around current priocH, most of tlicm around par and mucli Iclow. You did not believe three weeks ago great rise could come. Be-lie-ic the above. Both the successful past and the future will be based upon those same Monitor Methods of establish ing Ranges of Accumulation and Distribution, by which both the be ginning and end of these great moves can be discerned. The Monitor will bo vindicated in the future as in the past. Its per fect methods cover umpins Signals, to indicate when a stock is ready to soar. Every Investor and Trader owes it to himself to establish these Great Protective Truths, and to win the benefits thereof. Special CrfTer: Pepular nubscrlptln ?20.00 monthly. Half month $10.00, to cover full details of Ten Jumping Spe cialties of New Pull Group No. 17. nnd bat stock to nvold. A1o Monitor He nctlon Levels to buy projrly othr pub lic favorite. Pal.mce of monthly sub scription ($10.00) due after ample proflt I'itvlng advice. Explanatory litemtnre proving convinc ingly Monitor Methods and Records freo to fubcrlbers. Otherwise, 10 cts. Financial Monitor, Chicago 20 It JacUon Blvd., Chicago. 3' i) i OLI u.M RKLIADLE. THOUSANDS of g.Ttlofed customer- become our patrons agtln time ttelr need arises. TV tte kind cf perrtce we har. bs.'-o rendering for fourteen yea : rays others it will par 7"t. Loans on Chattels. MMa l?w. STATE LOAK CO. Capital f.V),OO0.0CO. 3 Merchant' Mink Did. S31 S. Michigan tt. Union Trust Compaxsy DvpMtU Dxm vftfe J tMOOl Jewel Coa Produces 100 per cent more heat from the fuel. This is accomplished hy means of a hot blast fire-back, which feeds pre-heated air over the fire in just the right quantity. Burns Any Fuel The ideal stove for those who live in localities where gas is not available or who desire a range for winter use. We have the complete line of Jewel Ranges, Combination Ranges and Mot Blast Heaters. Stoves from $45 up to $200. A STOVE TO MEET YOUR NEEDS 7&7 A TDTVr7i7in S E kTn N O N COMMISSION MERCHANTS 301-304 J. M. S. Bldg. Phones 'ite:: Bell 390391. Home 202& 2098. Members: New York Stock Exchange, New York Cotton Exchange. New Orleans Cotton Exchange. Chicago Stock Exchange. Chicago Board of Trade. Indiana Bankers' Association. Direct Private Wires to All Markets. ANNOUNCEMENT ReVere Motor Car Corp. Logansport, Ind. OFFERS A limited amount of their securities in South Bend and vicinity. Shares $11.00 now. Advance to $12.50 Oct. 15. Further advance Nov. 15. ACT QUICK ReVere has closed a contract with a New York con cern for $38,000,000, taking practically the entire output for five years. For particulars address NEIDICH & CO., Fiscal Agents, Hammond, Ind. K. C. FISH, Representative, Oliver Hotel, South Bend. TRY NEWS-TIMES WANT ADS Cooking is a pleasure iL 226 SOUTH MICHIGAN ST. A SHOE WILL LAST twice as long if properly re paired. But, in order that the shoes may give max imum service, they should be brought to us before the welt is destroyed. Have your shoes resoled as soon as a hole appears. Uncle Sam Shoe Repair and Shine Parlor 128 W. Washington Av. b I "fc l .11 llll MMli Ii' I on the 99 O Cooks and bakes to perfection. The additional volume and even distribution of heat assures quick and easy cooking, delicious baking. Following this simple plan has made many men rich. For, when they earned, they saved. You should do likewie. And you will save to best advantage when you use this Bank as your depository. Your money placed in a savings account here will earn 4 percent interest. The Citizens stands for the utmost in safety, stabil ity, streng th and satisfac tion. Citizens' National Bank Citizens' Trust & Savings Bank Ji:rri:nsrv iti.v i . Near the Post OÜ:rc. Invest Your Savings in Preferred Stock Of South I'.ciid ( rp'r.it ion Huv S per cut Welfare Loan Society (South Hend Crp"r..ti'M ' issn siiiu.iHMi Sellins in units of twr (1) Shares. 8 per rit prcferr-! with Konus of two f -) b:u-s Common Stork. Non-Tnabl Non-A-- .-.ibl-Subscript Ions ! iil at Our South Hend (Hin'. Welfare Loan Society 72. J. M. s. Hide Plio IK' MAIN 2.-is. l ull Information I poti It-u-:. WKI.IWKi: LOAN s4( m i Y Ö2Z J. M. S. Hide. S.uth Ib-nd. tiontlcmen: PUas -n.l de scriptive cirrular and full in formation rocardin !f.irc lan Socirty. Name Addrts Liberty Bonds Wo pay up to S.j;l.."o -ali lir pay up to S.j;l.."o -ali lir d; aevrued intertst ul- Mtl. We buy W ar Matnp-. Lon Io Ojon 8:30 a. xx. to p. m WHEN HpA i: I 'I .T you rp ; m save &m YOU fefe! earn n m C. L. GUTHRiE 423 J. M. S. Bldg., 4th Floor.