davidaulloa/AmericanStories huggingface dataset:
South Bend news-times. (South Bend, Ind.) 1913-1938, 1919-03-09
LLYS-OVERLAND \ LARGE
PRODUCER.

With the war work definitely be
hind, lost time is being made up on
passenger car production. More
than 800 machines are being turned
out daily, which. incidentally sur
passes production OF both Ford and
Buick.
1t is understood that for the full
year the Overland factories are ex-
pecting an output OF approximately
1875. 200 cars, OF roughly 10000 cars
more than the average of the last
two normal years. 1917 and 1916. in
each OF which over 100000 were
shipped.
Moline Plow company, a subsidi-
airy. is producing daily between 60
and 20 tractors without materially
affecting untitled orders. When suffi-
cient material is obtained il is esti-
mated that the output will be at the
rate of 125 per day. and that a total
Of 1000 will be produced in 1919.
This item is one OF many affecting
the interests Of the Willys-Overland
Co. to the benefit OF the stockhold-
ers. It is not hard TO find news OF
an optimistic nature in connection
with the affairs OF W. O.
South Bend news-times. (South Bend, Ind.) 1913-1938, 1919-03-09
NO NEW FINANCING NECESSARY
FOR SEARS-ROEBCCK

The statement OF current liabilities
in the balance sheet Of the company
for the year ended Dec. 81, 1918,
had led some people 20 believe that
some short-term financing would
have 70 be done. While there has
been a considerable increase in cur
rent liabilities IL is considered un-
likely that any financing will be nee
essary.
Current liabilities at the close of
1918 totaled s46,79s, $50, an increase
OF about s14.0O0,000 from 1917.
While this might point to need of
funds it is not so in the case Of the
largest merchandise in the world.
which can quickly liquidate fits in
ventories for cash. This is clearly
demonstrated by sales in January.
1919, of sI9,6Oe.S27. about 40 per
cent OF the S47,5S1,096 inventories
carried at the close OF 1913.
South Bend news-times. (South Bend, Ind.) 1913-1938, 1919-03-09
SAVAGE ARMS SHOWS S16.s. on
COMMON

The preliminary statement for the
IL months ended Dec. 81, 1918,
shows surplus after charges, war
taxes. and preferred dividends. OF
$1,336.275, equivalent to 1851 a
share on the 'sS,15S,OOO common
stock reported outstanding in Oc-
tOber, 1918. This compares with a
surplus of S1,433,569. or 1854 a
share. in 1917. For the quarter end
ed Dec. 81, 1918. the company
showed surplus after charges, war
taxes and preferred dividends Of
1929, 271. equivalent TO s2.7S a share
earned on the common stock. This
compares with surplus Of $249, 91S,
or S2.s6 a share in the preceding
quarters and $sO7,579, or 1925 a
share on the common in the Decem-
Der quarter Of 1917.
South Bend news-times. (South Bend, Ind.) 1913-1938, 1919-03-09
sub. Boat VIII Launch II ships
Monthly.

II =. Carse said that company VIII
now maintain a launching schedule
OF u ships a month. marking the
beginning OF extensive constructor
until the present contract is con
pleted.
with the three 5.500-ton steel
boats just completed, the total 80
launcnings now numbers % ships
This company has orders for 80
ships OF this type-50 in the original
order and 1G0 ON a repeat order.
There is nothing IN the contracts
permitting cancellation. The con-
tract calls for straight price OF ss66.-
600 for each vessel.
Something like $4,000 tons az
steel viii be used for the complete
contracts. and of this an but 2.0co
or 5000 tons is i'm process.
The open water has been ~
great assistance I'm the companys
shipbuilding program. on the basis
of present operations launchinss
should proceed from now on at the
rate OF two "A week. with an even
better rate likely bv mid-summer.
Such a program would nearly finish
the two contracts i'm 1919.
It is officially stated that gear
roubles have now been pretty wei
Strengthened out, and are practically
over.
In addition 20 its big boat bust
ness the company has $4,000. 600 OF
straight submarine work 10 De COM
pleted i'm 1919. The orders 30 far
"a boats.
The forthcoming annual report
will not be impressive from an earn
ings standpoint. In fact. net after
taxes will probably not be much
over 100000. or less than seventy
cents a share on the 764.S10 shares
South Bend news-times. (South Bend, Ind.) 1913-1938, 1919-03-09
OF GMO EST
MATED AT 100000 CARS
IN 1919.

plans have been laid for the pro-
duction OF 100000 cars for this year.
AT present the outside capacity is
500. eco cars. but when the eventual
extension plans are completed, 700,-
GOO will more nearly represent its
possibilities At present Buick ca
pacity is only 10000 cars. whereas,
when additions at Flint and the pro
jected assembling plant in ST. Louis
are erected. it will be possible 10 ship
]. zoe daily Buick is the mainstay'
and its production and earnings lead
over the various other constituent
companies will probably not be cut
down for many years.
South Bend news-times. (South Bend, Ind.) 1913-1938, 1919-03-09
Local and Foreign Markets
AMERICAN BEET SUGAR, PFD.
It's Possibilities Idtnffed

American Beet Sugar pfd. is a $50
noncumulative issue. Therefore the
speculative possibilities are vsry
limited and the low price, giving a
return OF about 7To is not out OF line
with money conditions.
There are so many other preferred
stocks which appear to be more
attractive, such as willys-Overland
Pfd.. which is a 7eo cumulative is
sue, selling around So; ]. I. Case
Pfd., 80 cumulative Issue, selling
around 90. and others which are
Just as strong. that there is no par
ticular reason why Beet Sugar pfd.
should sell very much higher.
Send along the reports you refer
to and we will be glad 20 give the
beneht Of our opinion. Also, IL you
viii mention the other securities you
hold, We will be glad TO do our
best TO assist you.
South Bend news-times. (South Bend, Ind.) 1913-1938, 1919-03-09
WESTINGHOUSE PLANT AT FULL
CAPACITY.

With the resumption Of manufac-
ture at the East Pittsburgh plant,
operations are continuing on an
overtime schedule TO allow for the
immediate productionof number Of
its specialties for former orders II
is said that contracts are on hand to
insure the operation Of the works at
maximum output for many months
TO come. The plant Is now giving
employment TO upward OF $4,000
persons. The shops. which have
been engaged in the manufacture OF
shells, have been closed down, to al
low for changes in machinery, equip
ment. etc. Former employees at the
shell plants are being used at the
main electric works.
South Bend news-times. (South Bend, Ind.) 1913-1938, 1919-03-09
NATIONAL FTREPROOFTNG.
Oil Possibilities Good.

National Fireproofng has been
brought from the Pittsburgh Stock
Exchange to the n. Y. curb. and is
now active around IS 10 16 a share
for the preferred. This is due to
conditions of the local market,
principally, the prospects for i'm
prOvement ia the company's busi-
ness during the period OF recon-
struction, also TO oil developments.
The company has holdings in Ok
lahoma, which are being developed,
and we understand that it now has a
very good production. You might
watch for an opportunity to sell
your shares during the current move
ment, as We believe that it is un-
likely that higher prices will be
seen. There is a good deal OF en-
thusiasm surrounding the stock with
suggestions of oil possibilities. You
might be able to liquidate a part
of your holdings around 20 and a
part around %.
South Bend news-times. (South Bend, Ind.) 1913-1938, 1919-03-09
MARKET TREND

When we advised on Feb. 10th 20
buy stocks and predicted an upwsl
trend we did not expect the advan, q
would be as rapid. However. made
the condition that II the public came
in we would have a bull market.
The million share day on Friday
shows conclusively that the public
was in the market, and we are in the
midst Of an old fashioned bull mar
ket that should carry the list 20 an
average Of about FIVE 10 seven points
more. Since we advised buying the
rise has averaged about six points.
but take warning that there must
be a reaction in order 90 place the
market i'm a better technical posi-
ton.
The market is today overboughi
and il there is reaction during the
first three days Of next week we look
for the reaction 10 start Tuesday.
The market should then resume its
upward trend We would not advise
buying at this point but would take
profits on long stocks Monday. With
the possible exceptions OF Southern
Pacific. Norfolk & Western and stu
deballer we would advise selling our
with the view OF repurchasing ths
latter part OF the week at lower
levels. Wait for reaction 10 buy
more stock
The day we feel stocks are again
a purchase. advice will be given in
the market reports IN this paper
South Bend news-times. (South Bend, Ind.) 1913-1938, 1919-03-09

at the rate OF 1000 tons a month
but most Of this steel is going into
stock. In case OF any disturbance
resulting in idle mills and furnaces.
the company would have large
stock on hand for its customers.
Steel mill operations in the Pitts
burgh district are being maintained
at a higher percentage by the cor
poration plants than by independent
companies. There is a disposition on
the part Of the corporation TO keep
it's mills in operation and stock up
material. The company is now oper-
ating its plants here at about 50 per
cent capacity, while Independent
plants are running about so per cent.
South Bend news-times. (South Bend, Ind.) 1913-1938, 1919-03-09
EMERSON PHONOGRAPH ISSUES
STATEMENT

I'm a statement to stockholders
dated Feb. 21, it is pointed out that
with the obstacles OF war operations
a thing of the past. peace conditions
should be conducive to good bust
ness
on enlarged operations already
apparent the statement said: The
months OF January and February
mark a new high record in ship
ments. and are approximately 100
per cent in excess of the same period
last year. Our bank loans have been
all paid off, our principal obligations
now consisting of notes held by our
treasurer. Richard d. Wyckoff, who,
up to the time of his resignation as
general manager, not only gave his
services most of the time without
salary. at great sacrifice TO his per-
sOnal interests, but advanced over
100000 in cash against the COM
pany's unsecured notes. Mr.. Wyckoff
subordinated his claims TO those Of
other creditors in order that the
company might be carried through
the most difficult period Of the war.
These obligations have been reduced
10 about $4,000, and he has agreed
to extend his notes 50 that they will
become due serially. This will place
the company in a stronger financial
position
stockholders are further assured
that a better future is in store IN
that the companys product is well
established: it is the third largest
record producer in the industry and
the merit Of it's products is recog-
nized.
South Bend news-times. (South Bend, Ind.) 1913-1938, 1919-03-09
STEEL SPRING GROSS BREAK
ALL RECORDS.

Gross earnings In 1918 has broken
all records. But as 20 net return
applicable to dividends 1t is prob
able that this will be we'll under the
ss2.S1 a share returned in 1917.
The 1918 tax reserves will be
heavy. and this will undoubtedly
bring the surplus income down to a
level well under the record break
ing profits returned in 1917.
IL is not worrying about new bust
ness The plants have sufficient or
ders on hand 10 carry them through
the first half OF this year.
South Bend news-times. (South Bend, Ind.) 1913-1938, 1919-03-09
WABASH PFD. a AND b.
ga" Stock Has Good POssibilities
"B' More Remote.

Wabash PFC. A has declined large
~ in sympathy with the railroads.
especially those that have been in
doubt regarding the government pol
icy covering dividends We believe
that the low price of this stock has
been seen around 80, and that soon
er or later some dividends will be
declared on this preferred stock.
It used to De on a 49o basis but is
ultimately entitled to 5%o and is
cumulative.
If the stock should decline TO
around 81 or 80, we would suggest
that you purchase TO average. as we
feel that it is an excellent long pull
semi-investment for the patient
holder.
Wabash B has very remote pos
sibilities Of selling higher, and we
suggest a switch into WHY'S Over
land and National Transit, an oil
stock, and an automobile stock pay
ing dividends, giving a good return
and in a strong position. You would
better your investment position by
making this switch, we believe.
South Bend news-times. (South Bend, Ind.) 1913-1938, 1919-03-09
GBENROCK Old.
New Stock Issue.

Glenrock Oil authorized the issue
of 10O.336 shares of additional stock
at $3.50 a share to stockholders Of
record. January 90. 1919. Stock
holders had the right to subscribe
on or before February Il, 1919, for
one share for every eight held.
If you bought and paid for 100
shares OF Glenrock, January 10. and
received your brokers' note, you be-
came entitled to the rights in spite
OF the fact that your broker delayed
registering the stock until January
%. You are also entitled to the
rights accruing on the stock pur-
chased January II.
We believe that your broker
could be held responsible to deliver
these rights to you and suggest that
you take up the matter with him.
South Bend news-times. (South Bend, Ind.) 1913-1938, 1919-03-09

Standard Gas and Electric shares
took another furry on the curb yes
terday, touching 20 for the common
and a for the preferred, both being
$50 par. The close was &c to %
on the common and 40 TO Al on the
preferred. The advance was checked
when officials Of II. NJ. Byllesby &
Co, managers of the company, de-
MED that contracts had been signed
taking over a valuable oil property.
1t can be stated authoritatively, how
ever, that only technical and legal
formalities are 10 be completed be-
fore the contract is signed whereby
the company will acquire a rich
southern oil property. 1t is expected
that the deal will be closed next
week The street repealed stories
that the full eight percent will be
paid on the preferred and 8 or 10
on the common. This is an eXtrava-
CANT statement according to officials
All that they now know is that earn
ings OF the company will De largely
increased. This is obviously true else
they would not be buying the stock.
since the company is earning moth
ing on the common and is in ar
rears on preferred dividends.
Further evidence Of the diminish
ing interest in the shipping industry
in this country is furnished by the
February figures Of new shipping
and shipbuilding firms Eight new
concerns were organized last month
with a capital Of $4,000. or greater,
their aggregate used capital being
Sc. 400. 900.
The American Steel Foundries and
other makers have sent out notices
that steel castings for railroad cars.
etc, have been reduced 81 per ton.
The Kelly-Springheld secret is out.
The company plans TO pay quarterly
dividends of three percent in stock
in addition 10 cash disbursements OF
81 a share The stock having par
value of SIS. the quarterly stock
dividend will be 80 cents a share par,
but AT current prices viii be worth
over So. The company's stockholders
will vote March 81 on increasing the
authorized common stock 70 $1O,-
GOO. 900. TO make provision Cor carry
ing out the dividend plan The au
thorized amount OF common stock
now is s5.02e, 900. II is also proposed
TO decrease the authorized preferred
stock from S3.s9O.300 TO $500. 500.
South Bend news-times. (South Bend, Ind.) 1913-1938, 1919-03-09
EAST BUFFALO LIVE STOCK.

LAST BUFFALO, y. Y, March s.
CATrLE-Receipts 400; market slow
and steady: prime steers. S17O06I S55 (;
butcher grades. SiOO0d16OO: cows, 81 90
M1IOO.
CALVES Receipts. 100: market ac-
tive. o. lOwert Gull TO choice, 5000
21JO
SHEEP AND LANTBS-Receipts 600 J:
market active: lambs &c mp; choice
lambs, $1,000 900; cull 10 fair. $1,000
1875; yearlings. 5000 1850: sheep,
S6.O0d15.O0.
tive, JOc-1Jc up; Workers, $1,000; pigs,
S19.O0M19 -; mixed. $4,000: heavy, 5000;
roughS S15.OOd17OO; stays. S12.O0m13JO.
South Bend news-times. (South Bend, Ind.) 1913-1938, 1919-03-09
TOBACCO PRODUCTS SHOW NET
OF S32762S2

The annual report for the year
ended Dec. 81. 1915. showed total in
come OF S3,2I6.2s2, equivalent after
preferred dividends TO $17 a share
on the 160, 600 shares OF outstand-
ing common stock, as compared with
total incomeNof s2.OO6.2 09. or s9.32
a share earned in 1917. No reserve
has been set up for federal taxes In
1918.
South Bend news-times. (South Bend, Ind.) 1913-1938, 1919-03-09
CHICAco LIVE STOCK

CHICAGO. March S-HOGS-Receipts,
Z 900 market 2Jc-40 higher. bulk. 1855
also: butchers. S1STJd 1885: packing.
S11.7Jd1S.7j: lights. SlS.2JH 1888; pigs,
16.25d17.75. r0Ughs. Sf7.O0N1T.7J
CATTLE Receipts LOCO: market
steady; beef, SO OJN 20 90; butcher stock,
81. 2561J.JO: Gamers and cutters, $3.50
G25: stockers and feeders. 5000 1910
cows s.. pa 1850. calves S17.JOd1S25.
SHEEP-RcceiptS, 1000, market
steady; wool lambs. S1J2jd 1850: ewes
SGO0I14.OO.
South Bend news-times. (South Bend, Ind.) 1913-1938, 1919-03-09
UCS SALES INCREASE - PER
CENT

Business continues 10 increase.
Sales in January. 1919, increased %
per cent over the corresponding
month in 1918.
An increase in prices amounting
in some instances to about 80 Is
per cent. will be put into effect about
March 1. 1919. 10 meet the increase
burdens imposed by The pending
revenue bill.
South Bend news-times. (South Bend, Ind.) 1913-1938, 1919-03-09
NICKEL CAN SUPPLY CUSTOM
Frs QUICKLY:

With the completion OF the REIN
cry at Colborne. Canada, which ADDS
go. 00e. coo lbs OF refined nickel an
nuany TO the capacity. international
Nickel is now in a better position
than ever 10 supply the needs Of its
customers. With the Bayonne plant
the capacity OF refined nickel is now
SO.OOO.00 lbs.
South Bend news-times. (South Bend, Ind.) 1913-1938, 1919-03-09
CASTOR, WILLIAMS s. wIGsIoRE
Earnings Wei Maintained.

Castor. Williams & Wigmore is
understood 20 be earning it's divid-
ends Of 81 by an excellent margin;
IL has very promising outlook. due
to the known facilities OF the COM
pany for securing foreign business.
1t has excellent backing and a strong
management. CASTOR. Williams &
Wigmore is a peace issue OF promise
and is now selling at about one-half
of its former high levels. We re-
gard the shares as a very attractive
semi-investment for a long pull
South Bend news-times. (South Bend, Ind.) 1913-1938, 1919-03-09
Latest Gossip of hdustials

at present, but / regard the situation
with optimism.
Business men are going cautious
~ and conservstively. That is re-
fiected in the demand for our prod
ucts. But the situation is much bet
ter than if buyers were overstocking
themselves with goods. A sound
foundation is being laid for further
business.
South Bend news-times. (South Bend, Ind.) 1913-1938, 1919-03-09
CORN MARKET
SWINGS DOWN
Government Returns Show
Farm Reserves Larger Than
Private Estimate.
Associated Press Sernce:

Associated Press Service:
CHICAGO, March downward
swings in the corn market resulted
today from the government report
showing that farm reserves were
much larger than any private esti-
mate. The close was unsettled, 1 TO
2B net lower with May $1.32A 20
si.Sss and July s1.2s2i TO s1.26%.
Oats finished l u TO 2 down and pre-
visions up soc to 81.
Trade in corn was at times ex-
tremely active and fluctuations rapid.
In oats as in corn the main factor
was the bearish government report.
Provisions were dominated by the
exceptional strength OF the hog mar
ket
South Bend news-times. (South Bend, Ind.) 1913-1938, 1919-03-09
Questions and AnstDcrs

70 encourage stockholders 10 under
write the new plan, the shares will
probably sell higher. We believe that
"A. ID. S. is q good long pull semi
investment II yop are prepared TO
tie up your money for a few years.
The business is growing one. with
an upward trend in earning power.
The shares are a long pull semi
investment OF a somewhat specula-
tive character. and meantime divid-
ends are likely to be maintained
around the sec rate.
South Bend news-times. (South Bend, Ind.) 1913-1938, 1919-03-09
REPUBLIC IRON a. STEEL COM.
PLETES EXPANSION OPERA
TTONS

The new washer and steel tipple
at Palos mines has been completed.
and will soon be turning out 5000
tons daily. Transmission lines from
its power house at the furnace plant
at Thomas will operate the Palos,
Warner and Sayreton mines.
South Bend news-times. (South Bend, Ind.) 1913-1938, 1919-03-09

General Asphalt Expected TO Join
New Combine.
That the joint control OF the
Caribbean Petroleum CO. by Royal
Dutch and General Asphalt forms a
stepping stone 10 the eventual alb
sorption into the com bine, which
would include the Royal Dutch and
the Mexican Eagle, has been a nat
ural inference. Rumors TO the eff
feet that negotiations are under way
have been persistently cropping up
lately.
South Bend news-times. (South Bend, Ind.) 1913-1938, 1919-03-09
Unlisted Securities

Air Reduction Issues New Common
Stock.
Directors have decided to put out
47,0S2 additional shares 10 be Of
fered TO the common stockholders
for subscription at $50 per share, a
special meeting of the stockholders
having been called for Feb. 10 for
the purpose of approving the plan.
Walter NJ. Birge has resigned as
president.
South Bend news-times. (South Bend, Ind.) 1913-1938, 1919-03-09
PITTsBURGH LIVE STOCK.

PITrSBU HGH. Pa. March S-CAT-
TLE- Receipts light: market steady /:
choice. S1Gj0@17.50; good. S15O0d16O0:
fair. S13JO0147J; veal calves. S1SOOd
1900
HOGS Receipts. doubIcdecks: mar
ket higher: prime heavy hogs $40 25d
IS 20: mediums. Sl925G195O: heavy
Workers. S19 oJdt9.JO; light Workers,
S1T.T5d1S25: pigs. $1,000 17.J0: roughs,
S1GOOQ172j: stays. S12O0Gl3jO
South Bend news-times. (South Bend, Ind.) 1913-1938, 1919-03-09
SEEDS.

Corrected Daily by Warner Bros seed
Store.II4 E.<Wayne It
BLUE GRASS-S.15
WHITE CLONER-S32.O0
ALSIKE-$22O0
JAPANESE MILLET-S2.JO
SWEET CLONER-S1S.OC.
MAMMOTH CLOYER-S30.O0.
ALFALFA-S1JO0
FIELD PE.AS-$3.50.
COW PEAS-S35O.
RED CLONER-S20OO COG 300
TMOTHY-$JJ0.
CORN-S450
RED TOP-$3.00
SPRING RNE-$225.
SOY BEANS-S4.O0.
WINTER OF HAIRY BETCH->I2Oo
South Bend news-times. (South Bend, Ind.) 1913-1938, 1919-03-09
INDIANAPOLIS LIVE sTOCK.

INDIANAPOLIS, M1rCh S--HUtTS-
Receipts, GOO; market 25c-sOc higher F;
best heavies, $40. 2591950; mediums and
mixed. S1S75di9.25; common 10 choice.
S1S75d1oOO; bulk OF sales. S1S.S5d19.1O.
CATTLE-ReCeipts, 1JO; Rmarket weak
steers. Sl500G1900; cows and heifers.
SJ.5O6l15.OO
SHEBP-Receipts, 80; market steady
top. S7.5Od0OO.
South Bend news-times. (South Bend, Ind.) 1913-1938, 1919-03-09
NATIONAL LEAD BELIEVES OUT
LOOK Is UNCERTAIN.

Pres't Cornish had been quoted as
saying: Loss OF appetite is the first
symptom of disease. and il Is also
natures first aid TO the afflicted
You can apply that 20 the condition
OF business. Business is not good
South Bend news-times. (South Bend, Ind.) 1913-1938, 1919-03-09
MAXWELL 2nd-WHIY'S-
LAND.
Good Long-puIl Propositions.

Maxwell Motor End pfd., selling
around 20, also paying no dividends,
is only preceded by the ICE cumu-
larive preferred stock and shows
average earnings of about 500, COW
erfng a period of three or four years.
This looks like good long pull pro-
position around 20.
WHY'S Overland common around
20 actually pays 81 in dividends and
has consistent earning power. We
believe you should take your profits
in the stocks you now hold and ex-
change your shares for WHY'S over
land common and Maxwell Motor
End pfd., which we believe it will
pay you to hold for a period of a
year or two.
South Bend news-times. (South Bend, Ind.) 1913-1938, 1919-03-09
Scrinns.Booth 10 Frect New Plan.

Plans have been completed for
the erection OF a $500, 900 plant in
Detroit II is believed that the trace
recently secured I'm the northern
part Of the city viii be used as tho
site Tor the plant
South Bend news-times. (South Bend, Ind.) 1913-1938, 1919-03-09

Lackawanna County Coal Orders IA
ceed Capacity.
Plans are under way for consid-
a bic increases in production and &C
questions of properties. Orders are
in excess Of producing power. many
of them being u months in advance
of capacity. There are now in sight
$50, eco tons OF white ash coal. hav-
South Bend news-times. (South Bend, Ind.) 1913-1938, 1919-03-09
Packard Motor win Make AirpIane..
Republic Motor Truck Enters Cana
dian Fields.

Entrance into the Canadian fed
Is expected within a short time.
Plans have already been formulated
for a plant 20 be located IN Toronto.
Canada. This Canadian plant VIII
eventually turn out all models.