davidaulloa/AmericanStories huggingface dataset:
South Bend news-times. (South Bend, Ind.) 1913-1938, 1919-06-08

other question is attracting more at
tention among leading tinanciers
and thinking men generally. Dur
Ing the war, which still technically
continues the war finance corpora
ton has authority to iend to ex-
porters for war purposes; and an
effort is now being made in con-
gress to extend its powers so that
il can aid our foreign trade after
the war by leading to exporters who
in turn lend TO foreign buyers
Have We Gone Far Enough?
on the other hand, many feel that
we have gone as far as we can af-
ford to in this direction of govern
ment loans. and that any further
loans Of this character should be
left TO private capital. One invest
ment trust has already been organ
lied by lending banks 10 take for
eign securities and recall them. or
TO sell its own shares representing
the foreign securities, 10 American
investors. Probably other similar
trusts will be formed
1t will hardly be so easy for Eu-
rope to get money in this way as it
has been for il 10 draw upon. our
big government appropriation, and
for that reason our present tremen-
dous exports TO Europe can scarce
ly be maintained for long. Not that
South Bend news-times. (South Bend, Ind.) 1913-1938, 1919-06-08
BUSINESS OUTLOOK

A tighter money market is in pros
pect.
Bankers are calling attention TO
the imperative needs which lay their
claim upon the nations surplus cap
itaI. and suggest the wisdom OF re-
straint IN purely speculative dealings
II is not impossible that some con
crete limitation may yet be laid
upon the stock market.
Capital must Zoe devoted 20 the
nations fundamental requirements
and then will be found hardly dde-
quate. Government borrowing will
continue 70 meet heavy expenditures.
such as the railroad deficit. The
crops have seen 20 be moved. The
mid-year brings heavy dividend and
interest payments. Domestic enter
prise must be financed on large
scale. And finally the reconstruction
OF European industry and the export
OF raw materials will make inroads
upon credit
The fauacy OF expanding credit IS
apparent. Mere initiation does no
one any good, and works hardship
anon incomes which remain station
ary. aud upon savings painfully ac-
guired through years prior 10 ths
war. There IS talz OF raising inter
est rates as means OF Cltung loans
10 the minimum and starting the
general process OF defiatlon. bat this
raethod has grave drawbacks.
Altogether the outlook Is Tor
tighter money.
South Bend news-times. (South Bend, Ind.) 1913-1938, 1919-06-08
CATTLE MARKET
SHOWS DECLINE
Values at Shipping Points
Drop Under PhenomenaIIy
Large Receipts.

Added declines feature the cattle
market. During the past month live
cattle values at principal shipping
points have fallen 81 TO 50 per hun
dredweight under phenomenally
large receipts Packers find lighter
demand for beef in domestic mar
kets while partial rehabilitation Of
the army has noticeably curtailed
the export trade.
Hog prices huctuate in the neigh
borhood of $40 without particular
feature. Most of the corn has been
planted and farmers are more at lib
erty 10 ship. A slow corn movement
and the extremely low visible has
had a stimulating effect upon this
grain. partially offset by favorable
weather Trade interests in the
Kansas region talk of 81 cash corn
before the new crop is available.
Hog raisers have found it more prof
liable 70 sell their corn ION the hoof'
than ship it. and have even bid for
additional stocks Vast quantities
have been consumed in this way.
Farmers Now Investors.
Farmers in the middle west, for
merly persistent borrowers, have
liquidated their mortgage loans. and
many have entered the investment
class, owning government bonds and
other securities. Financiers recog-
niZe that new enterprise must draw
increasingly from the million rivu-
lets of capital The farmer with his
accumulated wealth will tempt the
INSCRIPTIONS. as well as the honest
and legitimate. investment broker.
AS the farmer will find it advantage
Gus to invest in stocks and bonds. he
should exercise unusual care to
avoid thieves and TO refrain from
mere speculation.
Conditions are thought favorable
TO the development OF rather active
speculation in farm lands. High
prices for agricultural products
mean ready money and rising land
values 1t remains an open question
whether. the complaint lodged
against building prices may not ap-
ply likewise TO farm lands. For in
stance Iowa land selling at $500 an
acre is probably inflated and Will de
preciate when food prices fall.
Rely Upon Crops.
Retail prices show a further up
ward trend. and merchandisers pre-
dict an absolute shortage of certain
goods by fall. Bumper crops are
relied upon TO sustain present vigor-
Gus activity. II is evident the farm
er will be called upon TO share the
proceeds Of his $2.26 wheat. The
cost Of foodstuffs is the basic factor
in the price situation today. It de
termines wages, which in turn de
termine the price of manufactured
commodities. The farmer is un-
doubtedly a gamer in the present
economic scheme, but his gain is
not unqualified
South Bend news-times. (South Bend, Ind.) 1913-1938, 1919-06-08
STOCKS.

Following Tuesdays setback
which shook OUT a good many
weak holdings, the stock market ad-
vanced steadily, revealing undimin-
ished optimism. Public buying was
renewed under the stimulus of amp
Ter money and encouraging reports
of trade activity. Trading has been
very broad and reached 1000, 900
shares on Tuesday New factors in
the foreign and domestic situation
We're cOnspicuOusly absent Specu-
lators are uncertain as TO what re-
straint bankers may lay upon the
use Of funds, but even the more con-
sentative feel that "A rising and Wig
orous market is warranted by the
prospect of great European demand.
Victory bonds sold above par for
the first time
South Bend news-times. (South Bend, Ind.) 1913-1938, 1919-06-08
gl IsR 1915 1914 1915 1915 pR

relatively small. and not only that
but there is a sort OF backed up
demand waiting. James has been
wanting a piano for several years
but has held back until the war is
over. Smiths house has 10 be paint
ed. but he waited till after the war.
Robinson's sulky pillow is all worn
out beca he thought he could re-
place il cheaper after the war.
SO now we have the new phe-
nomenon Of a prosperity based upon
immediate needs. The steel and
copper industries. usually the lead
ers in "A prosperity wave. are now
dragging along at the tail-end of
the procession. operating at about
half capacity because these metals
are chiefly required for new con-
struction. which is now small. But
the demand FOR jewelry is biz, be-
cause people have been postponing
their purchases for 50 long.
Foreign Buying.
The immediate needs Of Europe
are. as everybody knows. still great
er than our own. while current pro
ductios abroad is in a semi-para-
lived state, In the meantime their
people must eat and wear clothes,
and supplies must be furnished 20
the big armies Of our allies
That explains why our excess of
exports over imports touched a new
high mark recently. as shown on
the diagram herewith.
But where did impoverished Eu-
rope get the money 10 bay all this
merchandise from us? In great
part from bountiful Uncle sam
who has loaned Europe nearly So
00O. 0O0. 0O0 since ne took a hand in
the war. But unless Uncle enlarges
his program he is about through.
FOR the total amount appropriated
for that purpose has nearly all been
loaned.
So tho next question is How is
Europe 90 keep on buying And no
Europe does not need the goods
bat 1t lacks the means 10 pay foI
South Bend news-times. (South Bend, Ind.) 1913-1938, 1919-06-08

them. Even borrowing from private
interests Tor that purpose must be a
temporary relief only Eventually
debts have to be paid, and eventual
ly Europe will have 10 fall back on
the old-fashioned idea Of working
and earning whatever it buys.
The stock Market.
The stock market is now proceed
ing upon the theory that a big pros
perity boom is at hand. based upon
an active demand for goods at home
and broad. IN the main. this theory
is right for we cannot Yet see the
end of that demand and no one can
attempt 10 predict how long it will
last
Nevertheless. at the rate stock
quotations have been bounding up
recently. II is pertinent TO ask
whether prosperity conditions have
not been pretty well discounted for
many issues.
In this respect very great dlf-
ference exists in different classes OF
stocks. The coppers. for example.
have risen but little The rails have
risen somewhat more, but are not
high The steels have had a good
advance considering the slow de-
mand for steel products. The oils,
automobile issues, tobaccos and 9TH
ers have had a genuine boom, and
although excited public speculation
may carry them still further, they
have certainly discounted q very
considerable degree OF prosperity
and some issues are selling above
their legitimate value.
II is the teaching OF history that
an after-war boom is usually short
lived. True enough. the peace treaty
is not even signed vet, so there need
be no early expectation of any let
up in the activity OF general bust
ness. But those who are buying in
dustrial stocks at fancy prices may
well remind themselves that the
stock market always anticipates
events. and sometimes even autici-
pates them wrongly.
South Bend news-times. (South Bend, Ind.) 1913-1938, 1919-06-08
SHIPPINGS LEAD
WAY To TRADING
Number of Issues Show Gains
During Week. OSSeS
Are Recorded.


NEW YORK. June 7.-Shippings
led the way in trading during the
weekend short session on the stock
exchange; gains in international
Mercantile. Marine common, Ameri-
can international corporation United
Fruit and Atlantic Gulf and West
Indies ranging from two TO nearly
ten points. Motor and food shares
advanced under the impulse of ev-
ening up OF short contracts pending
resumption Of trading on Monday,
while steels. coppers and rails
showed within narrow limits. United
States Steel receding "A fraction on
the day. Early realizing depressed a
few Of the specislties but the losses
were about recovered.
Sales amounted 10 700, 600 shares
The bond market today ruled frm
with decided inquiry for local trac-
ton issues. Total sales (par value)
100000
United States bonds were un-
changed on call for the week
South Bend news-times. (South Bend, Ind.) 1913-1938, 1919-06-08
Trend Of the Markets
s-Grain-LiVeStock-COtton

LINESTOCK-Cattle have made
an alluring prospect. Receipts have
been phenomenally heavy and far
outstrip the demand. Live cattle
values have declined 81 10 s. per
hundredweight during the past
month. Hog prices fuctuate in the
neighborhood of $40 without ex-
hibiting great strength or weakness
Sheep continue dull and weak
COTTON-The cotton market un-
derwent a readjustment not dissim-
liar to the readjustment in stocks.
Futures declined $50 TO $40 points
i'm a few days, chiefly owing 10 elm
nation Of the short interest and
previous discounting Of the govern
ment condition report. The market
has been subject 70 speculative in
fluence. The failure Of exports to
increase during May disappointed
many, but continued rains. firm
ca bles. and good spot demand have
lent bullish weight from time TO
time. The crop condition is put at
"a per cent. compared with 70 per
cent. the ten-year average.
MISUNDERSTANDING OF steel prod
ucts has increased and reports show
improvement i'm mill operations.
which now average so per cent
against 60 in April. Domestic buy
ing Of pig iron is in pleasing con
trast to the merely tentative in
quiries made by foreign interests.
All prices continue firm. The gen
eral tone in not wholly optimistic.
but steel men anticipate further i'm
provement. Copper holds firm be
tween 16 and lie with buying light.
South Bend news-times. (South Bend, Ind.) 1913-1938, 1919-06-08

STOCKS Money has been a dom
mating influence in the stock mar
ket while new developments in the
foreign and domestic situation have
been lacking The prediction OF ex-
perienced observers has again been
fulhlled in the recession of stocks
whose headlong advance under spec
ulative influences could not be main
tanned. Call moneys temporary ad-
vance TO Il per cent fastened the
downward movement A group OF
bankers view with favor the re-
straint put upon speculative deal
ings by uncertain and advancing
money rates Meantime ira ders are
busy guessing whether money will or
Will not be in good supply.
Indicative Of the breadth and in
tensity which the present bull mar
ket has achieved, the report comes
that May transactions totalled "a
600, 600 shares, 500, 900 more than
the preceding month and the largest
since November. 1915. Two stacks
exchange seats have actually sold
for $4,000 each.
GRAIN - Slow movement from
the farms. the extremely low visible.
brisk cash demand, and talk OF re
duced acreage have lent a somewhat
bullish aspect to the corn market.
partially offset by favorable wealth
er. Larger receipts are expected
now that farmers have nearly fin
ished planting So much corn has
been fed that Kansas City interests
prophesy s. for the cash article be-
fore the new crop natures Oats
have met some demand for export.
South Bend news-times. (South Bend, Ind.) 1913-1938, 1919-06-08
Review Of the Week
Activities in Various Markets

Ter receipts are expected now the
farmers have about finished plant
ing. Cheaper hogs were a depres-
sing factor. Export demand for oats
was fairly keen. but after some re-
sistance this grain also weakened.
South Bend news-times. (South Bend, Ind.) 1913-1938, 1919-06-08
LIVESTOCK.

Hogs show decided weakness in
the presence of large receipts and de-
mand none too keen. Prices hover in
the neighborhOod Of $40. Tn cat
tie market improved somewhat at
Chicago Thursday after continuous
decline. A stronger undertone pre-
vailed, owing 10 lighter receipts and
better call. Sheep have been slow
and weak for the most part.
South Bend news-times. (South Bend, Ind.) 1913-1938, 1919-06-08
COTTON.

Cotton futures displayed weak
ness and hesitancy after sharp re-
action early in the week. News
from the goods trade was somewhat
less favorable and weather condi-
lions have improved in parts of the
south. Foreign demand has not
yet fulfilled expectations.
South Bend news-times. (South Bend, Ind.) 1913-1938, 1919-06-08
RETURNS TO CITY.

Thomas Brandon of the Brandon
Durrell Co. returned to South Bend
Saturday following two weeks
business trip TO New York city.
South Bend news-times. (South Bend, Ind.) 1913-1938, 1919-06-08
Hay. STRAW AND FEED.

HAY. STRAW AND FEED.
Corrected Daily BY the UesIeg miller
Flour Rn6 Feed Co.. f20 MickiCanl
HAY-Paying SD to S2s selling SIS
60 $40.
SrRAW-Paylng 81 N yI2. selling 75c
. hale
OATS-Payipg zoe. selling 20 20 S5c.
SHELL CORN-Faylmg $40: selling
81 ~ 20 500
EAR CORN-Paying S1.4O: selling
g1.S0 TO 500.
TIMOTHY SEED Paying s. per bu
selling $3.50.
CLOVER SEED-Paying SIS bu.: sell
ing SIS. 90 SO per bu.
ALSNkE CLONER-S26.
ALFALFA (Montana grown $1,000.
SOY BEANS-S4.OO
COW PEAS-S4OO
South Bend news-times. (South Bend, Ind.) 1913-1938, 1919-06-08
Local Markets
GRAIN AND FEED.

GRAIN AND FEED.
tCsrTeeted Daily by %. ". Barren, starr
Milla. HydrauIi~ AvD
SHELL CORN-Paying 81 so
OATS-PayinR 6jc. selling SOC per bu.
AN-Selling 81 so hundred
MlDDLINGS-SelliEE 500 hundred.
CHOPPED FEED-Ss HING $500 per
cWt
SCRATCH FEED Selling $500 per
eut
WHEAT-Paying S225.
South Bend news-times. (South Bend, Ind.) 1913-1938, 1919-06-08

CHICAGO CASH GRAIN

CHICAGO, June WHEAT .
spring 500
COkN-No. 1 yellow. S173I4d174: No.
yellow, S172dl74: No yellow.
- .IOg II2l9; No. yellow, S167d16S
No. l mixed S1.73I4 No. , mixed. S173
M@1.73; No. 8 mixed, S171@171Is; No.
mixed. S1.67 No. white, S1.7Jd .76ia
OATS-No white, 6ScdGS& stand
ard, 6Sc14 d69I4
BARLEY~sI12@122: No. ., S147
TIMOTHY-SqO ON12OO.
South Bend news-times. (South Bend, Ind.) 1913-1938, 1919-06-08

TO develop the neutral markets in
Europe, and the markets in Latin
America. Asia and Africa.
South Bend news-times. (South Bend, Ind.) 1913-1938, 1919-06-08
GRAIN.

Favorable crop reports and larg-
er receipts turned the corn market
bearish. Prices fluctuated. the July
future showing most strength. Heav-
South Bend news-times. (South Bend, Ind.) 1913-1938, 1919-06-08
SEEDS.


Corrected Daily BY Warner Bros-' seed
store. 226 >. Michigan ~.
ALSIhE-S23 70 5000
BLUE GRASS-S3.T5.
WHITE CLOVER $50 90 20 S35.
JAPANESE MILLET-S2 30 to So
SWEET CLONER-S1S.O0.
MAMMOTH CLOEEk-S50.OO
ALFALFA-S17.OO
FIELD PEAS-S} 90 20 S4JO
COW PEAS-$3JO 20 81 OOd 90
RED CLOVER SIS.
TIMOTHY $500 70 81 90
$3.7JQ4JO
FODDER JORN-S3 10.
RED TOP-S3.0O
SPRING RNE-S2 40.
SOY BEANS-SAOO TO $3.50
SOUDAN GRASS-S3O per bu
SPELTZ-S4.O
WINTER OF HAIRY BETCH-S12Oo.
BARLEY Bearded. S175.
ONION SETS-Sl 30 20 So
Canes per bu
SUNFLOWE RS-25c 10.
South Bend news-times. (South Bend, Ind.) 1913-1938, 1919-06-08
LIVE STOCK

Corrected Daily by Major Bros. .. Lo-
gan Sd. MishawakR.l
HEAVY FAT STEERS-Fair TO good
sQ10c. prime. I2d14c.
HOGS-13Od1JO lbs. 1Sc; 15O6Ql1J
lbs, lS11c; 10 up. 10.
South Bend news-times. (South Bend, Ind.) 1913-1938, 1919-06-08
PRODTCF MARKFT.

PRODUCE MARKET.
Corrected today by the brotherhood
grocery. 23O y. Main ST.
BUTTER ND EGGS-Crcamery but
ter. paying &c pound. selling 63c pound /:
country butter, paying SOC pound. selling
SOC pound eggs. paying 43c dozen, sell
ing 80 per dozen.
FRUITS AND NEGETABLES-F Fruits.
California naval oranges. Co per dozen f.
lemons. 3nC dozen; bananas. Toe pound /.
vegetables. Michigan sand potatoes, S1,60 f;
new cabbage. selling nc &c pound
South Bend news-times. (South Bend, Ind.) 1913-1938, 1919-06-08
CHICAGO PROnUCE-

CHICAGO, June 7-BUTTER-
Creamery extras 5112c standards. 51I5
hrsts, jOcM JOia seconds. 46cd411s
EGtiS-Ordinaries, 37cG3Sl2; frsts,
30AM41
CHEESE 3Oa4 cG31L: Americas. 31a. C.
32h
POULTRY-Fowls 3Sc: ducks. oSc
geese, 22c; broilers. 40cd45: turkeys soc
POTATOES- Cars, 50 Wisconsins per
100 lbs. 81 JOd2 90: Minnesotas per 100
lbs 81 50d2 90
South Bend news-times. (South Bend, Ind.) 1913-1938, 1919-06-08
Hides AND TAIIOW.

{Corrected today by :. W. Lippman. 210
y. Main ST.
Hides. 1920. calfskins, 3OdJOc
pGund rough tallow, ease pound rem
oered tallGW. JG5c pound: beeswax. go
80 pound
South Bend news-times. (South Bend, Ind.) 1913-1938, 1919-06-08
CHICAGO LIVE STOCK.

CHICAGO. June 7-HOGS-Receipt
ZOO; market strong. D. Toe lower: bulk.
Sl9.1Jdl3.90: butchers. SO 156I 10 90
packing. S1900d196J: lights. S1SOOm
1885: pigs. S17.2JG Is. 90: roughs $1,000
d192J.
CATTLE Receipts. 800: market
strong, higher. beef. SO 1Jd1695: butch
OF stock. 81 .25d 1919. Gamers and cut
tiers. S51Jd9 30: stOckers and feeders.
7.50d12 D. COWS. S7OOG1275 calves.
S14 OOM15.JO
Receipts 1000. market
steady wool lambs. -. Goals ewes.
S4.0019.0 90.
South Bend news-times. (South Bend, Ind.) 1913-1938, 1919-06-08
= = Werner eorist and

r r Werner. florist and land
scape gardener. Coquillard Park.
South Bend. Ind. Rose bushes trees.
and shrubs furnished and planted.
Flower beds made grass cut. yards
and lawns taken care Of Satisfac.
ton guaranteed. Mail orders 20 7t1
No. Notre Dame av. 12s42-S
South Bend news-times. (South Bend, Ind.) 1913-1938, 1919-06-08
PITTSBURG LIVE STOCK.

PIIFSBJ RG. Pa. june CATTLE
Receipts hge; market steady. choice
Sl6O0@l6J0. ogOd. Sl400dl4Ij: fair.
81. GOA 10. veal calves sic J0GT11. 90
SHEEP AND LAMBS-ReCeipts fair
market lower. prime wethers. 0.JOd
100. good. S9O0010O0. fair mixed.
$1,000 500. lambs. SSO061JO0.
HOGS Receipts. 20 doubledecks: mar
ket slow and lower: prime heavy hogs.
S2O1JQ 1928 mediums, sc. 1ji 20 -
heavy Workers. $50 O0d911j: light York
crs. 9.j0d 1910. pigs. $4,000 1915
rouchs. Sl7 0Od1SOO, stays $1,000
1850
South Bend news-times. (South Bend, Ind.) 1913-1938, 1919-06-08
INDIANAPOLIS LIVE STOCK.

lNDIANAPOLIS. June 1.-HOGS-Re-
ceipts 1000. market &c lower best
heayies. SO -. mediums and mixed.
$40 10. common 20 choice Slg7J: bulk
~ sales $40
CATTLE Receipts go market
steady. steers. Sl3O0d 1900, COWS and
heifers. SO0H1350
SHEEP-Receipts 100. market
steady: top. STOOG7.J0
South Bend news-times. (South Bend, Ind.) 1913-1938, 1919-06-08

POULTRY AND MEATS
t~orrectcd Daily by Jimmie's Market
I2S r. Jefferson Blvd
BEEF Roast. 3005Oc: boiling, zoe;
LARD-Paying. pc, selling. soc.
The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1919-10-06

Three years later after the Red
Stockings" had had remarkable sue
cess with their professional team in
Chicago. men were inspired to organ
ize a rival professional club The Chi
cago team was called the White
Stockings" because they wore white
hosiery in contrast to that of carmine
color worn by their rivals. Later their
name was changed to White Sox, but
the Cincinnatis did not become Red
Sox." That name was adopted by the
Boston club of the American league.
In time the Cincinnati RED Stock
ings" became the Reds
The Cincinnati Reds made a great
pennant race this season, but Pat
nothing ON the original Cincinnati
RED Stockings" back in 1869. Their
record that year wa unapproachable.
The team toured the country from
Boston to San Francisco and never
lost game. Sixty-nine games were
played before the team met defeat
at the hands of the 'Atlantics" of
Brooklyn in 1870.
On this famous tour of the Cincin-
natl team it is recorded that Harry
Wright. the owner. made money And
thus was styled the first baseball
magnate.
The first years salary roll of the
Red Stockings" is still on record. 1t
reads like this: Harry Wright, center
fielder, $1,000; George Wright, short
stop (then greatest all around player
in the country. $1.400: Asa Brainard.
pitcher. s1,1eo; Fred Waterman. third
base. $1,000; Charles Sweasey. second
base. $500; Charles Gould, first base.
$500; Douglas Allison, catcher, $500;
Andy Leonard. left fielder. $500; Call
Mcvey. right fielder. $500, and Richard
Hurley, utility $500.
In 1870 Cincinnati played a disas-
trous series with the Chicago White
Sox. 1t was no worlds series, only a
two game affair. but the two victo-
ries of the White Sox so disheartened
the. Red Stockings that the following
year the club disbanded. They took
defeat hard in those days, the his
torians tell. But no one can blams
the Cincinnati players for being dis
couraged, seeing that just a year be-
fore they had won sixty-nine games
without a loss from teams in all parts
of the United States. They just nat
urally hated to lose.