South Bend news-times. (South Bend, Ind.) 1913-1938, 1917-12-09
FINANCIAL OPINION
BY Financial Editor.

BY Financial Editor.
Studebaker. Corn Products, Chile
Copper and Kennecott still look 10
be the best bargains on the board.
Buy TO hold Although We cannot
expected much while congress is in
session, the trend is upward.
Officials Of the Safety Car Heat
ing and Lighting company declin-
ed to make any statement regard
ing the action of the directors in
reducing the quarterly dividend
from two percent to 1 IL percent,
but il was learned that the disburse-
ment was made smaller in order 10
reserve cash. 1t was also said that
the company had earned more than
enough to pay the usual dividend Of
two percent.
The Detroit Edison company will
issue $3.80O.O0O seven percent ten
year debenture bonds to stockhold-
ers at par.
Estimates Of the showing 70 be
made on Monday in the statement
of the u. S. Steel corporations
untitled orders as OF Nov. 80 are
that the decrease will be in excess
of 100000 tons.
There was development of
strength in Liberty bonds in the
afternoon, with the 3 1-2s moving
up from 9S.4S 70 9S.72 The as
were up from 97.16 to $3.50.
General Motors common stock
7 has recently been offered TO en-
plOyes OF Oakland Motor Car com
/ pany at Pontiac and dealers in
I Oakland cars, all the way from
I Maine to Florida, and from the
/ Great lakes to the Rio Grande.
/ The stock which is being offered
was bought in the market. The linn
/ II for subscriptions ends this week
and applications largely exceed the
Y block OF stock set aside for this
/ purpose.
l Safety Car Heating and Light
Y Co. yesterday reduced its dividend
from two 20 II percent quarterly,
although it is said that earnings
have been sufficient to justify the
usual distribution Officials of the
company would give no explanation
for the reduction.
Bar silver took an upward turn
yesterday. the New York price ad-
y
In London the price advanced lid
20 43d per ounce.
There is interest in the possible
showing 10 be made by the United
States Steel corporation in its un-
filled tonnage statement to be issued
Monday. 1t is generally believed that
a decrease will be shown and some
say this will amount TO something
in excess of 100000 tons.
Laurence II. Parkhurst has been
elected a vice president Of the Elec-
trio Bond and Share Co.
Kennecott Copper produced r.
S9S.OOO pounds in November. against
7.116.QOO in October and 100000
i'm September The November pro-
ductjon included 7.142.O0O pounds
from Alaska and 5,756,O00 from
South America
BY the declaration OF a FIVE per
cent extra dividend yesterday Nipis-
/ sing Mines Co, Ltd. bought the
total dividends provided for this
year up 20 so percent The regular
rate is five percent quarterly, but
this is the second time five percent
I extra has been declared
! tt is stated by a copper metal au-
thority that after war needs have
been supplied there is only enough
T copper metal left TO supply approx
mately so percent of the general
/ industrial requirements.
Philadelphia Trust company has
I invited tenders Of Standard Gas and
+ Electric bonds due 1925, IN suhi-
cient amount 20 absorb $64.705 now
| available for this purpose.
Twenty-SiN new companies for the
manufacture OF drugs. chemicals
and dyes were organized in Novem-
beer with total authorization OF
S54t77. 900. This capitalization is
approximately nine times that OF