davidaulloa/AmericanStories huggingface dataset:
South Bend news-times. (South Bend, Ind.) 1913-1938, 1919-02-16
ISLAND OIL.

While not officially confirmed. re-
ports have been current for several
days. that the Island oil & Transport
corporation had completed a $4,000
barrel well. Official confirmation will
undoubtedly induce a new intensive
buying movement.
Island oil has sagged off relative
lv little compared with some Of the
other oils that have enjoyed sharp
advances recently and we believe the
market position OF the stock 10 be
such as 10 need very little new buy
ing 20 put il into new high ground.
With a present daily production of
172. 600 barrels or almost nine times
the rate of shipment for December,
il will at once be seen that the COM
pany has plenty of room for eN-
panding. Notwithstanding that the
company has five wells drilling, one
of which. as above stated, has al
ready been completed, according TO
gossip,
Production is greater than the
present ability of the company TO
handle it. but this is a condition that
must be adjusted gradually. The
management is pushing with all pos
sfble speed an increase in pipe line
cavacitv and additional storage and
loading facilities which il is expect
ed will result in shipments being
brought uD to 100000 barrels
monthly within the next few months.
The company is contracting for
more and more OF its production all
the time and from now on should be
able ,to report consistently greater
and increasingly profitable opera
tons.
Prevailing price eight; 1918 high.
s65s: 1917 high. So
South Bend news-times. (South Bend, Ind.) 1913-1938, 1919-02-16
FINANCIAL
TIRE SERVICE To
Be BIG FEATURE
F. ]. Hardy Returns to South
Bend With Some New
Ideas.

Announcement BY the Colfax
company Of the addition to their
force Of +. I. Hardy gives South
Bend an opportunity 10 welcome a
former resident. although he re-
turns in a different capacity. Mr..
Hardy is well known in South Bend
through his connection with the
Chicago, South Bend ard Northern
Indiana Railway company. where he
held the position OF superintendent.
About two years ago he went 20
Akron. O., 70 accept a similar posi-
tiOn with the n. o. T. q L. Co, and
while in the Ohio city he availed
himself Of the opportunity 10 study
the rubber and tire industry at first
hand.
In outlining the plans cOntem-
plated by the Colfax company, Mr..
Hardy declares il will be developed
into tho largest and most complete
tire and accessory house in the en-
tire state. Special attention will be
given to service on all makes Of
tires, and in addition the company
viii act as distributors in this terri
tory for several standard makes of
tires. Service viii he the keynote
OF the business. declares Mr.. Hardy.
and he believes the experience
gained by him in the acknowledged
tire center of the world will be Of
considerable value in his new con
nection.
The COlfaX company is located at
1OO-110 Lincoln Way East. and has
F~tN in % sefrr Of
automobile bodies and tops. In ad-
dition they have done general re-
pairing and handled a complete line
of accessories. This policy will be
continued in force with the addition
of the service contemplated by Mr..
Hardy. G. A. Lancaster is president
of the company. while 3. 5. Wal
ters is treasurer.
South Bend news-times. (South Bend, Ind.) 1913-1938, 1919-02-16
Oil Notes

While the mere repetition Of the
statement that oil stocks have again
been the leaders of the market this
week, as they have been nearly every
week during the past 10, may seem
mOnonOtOus. we do not fear that we
bore our readers by telling them.
Particularly is this true as regards
those who have been fortunate
enough and wise enough TO buy oil
stocks at lower prices.
To those who have missed tneir
market" or who have possibly sold,
unable TO resist taking a tempting
Profit. we wish to say that it is not
too late to reap a share of the profits
which are yet to be made. Careful
selection of the securities OF pro-
Gressive, well-managed oil companies
ought, we think. TO result in more
satisfying returns, both in dividends
and n market enhancement, than
will be afforded by any other chan
mel cf investment.
Our reasons for believing this are
two-fold. First. oil is rapidly becom-
ing the mist essential thing in in
dustry. Without it wheels would not
turn. and industry would be par
alyzed. Secondly. this country, Mex
leo and South America, where Amer
lean capital and enterprise is dom
inant. are the great petroleum res
ervoirs of the world. and the world
must therefore. look 10 American
controlled companies TO supply its
needs.
With these conditions existing, is
it any wonder that the oil industry
of this country keeps expanding at
pace which fairly takes ones
breath?
Therefore, why not invest your
money safely and wisely; first. in
the most rapidly growing business in
America; secondly, in a channel
which is in the line of the greatest
proportion of the profits created out
of that business?
The logical step is to buy oil
stocks, like Island & Transport,
Glenrock, Cosden & Co, Merritt.
Midwest, Texas Co. and others which
have demonstrated their ability to
succeed in a big way in the oil
game.
South Bend news-times. (South Bend, Ind.) 1913-1938, 1919-02-16
UNCLE SAM EVEN USED
MATERIAL FROM WHICH
RECORDS ARE MADE

While it is not surprising TO learn
that such commodities as steel, cot
ton, wool, etc. were used in vast
quantitie-. by the government during
the war, few people realize that their
consumption Of raw material also eX-
tended 10 the material from which
photograph records are made. Yet,
according 70 Stuart Elbel OF the
Sonora shop, it is only since the
signing of the armistice that dealers
have been able TO get records in any
quantity. That is given as one of
the reasons why it has been such a
difficult problem to procure late rec
ords as readily as before the war.
with the pressure removed, however,
he declares in the future there viii
be no trouble in securing records as
soon as the manufacturers have their
plants entirely on a peace basis.
South Bend news-times. (South Bend, Ind.) 1913-1938, 1919-02-16

to SO per. There is no question but
that Cosden & Co. will report per
share earnings substantially in excess
of Oklahoma Producing x Refining
and while we are of the opinion
Oklahoma Producing & Refining is
worth all that it is now selling for
and perhaps more and comparison
puts CoSden & Co. in much the
stronger light.
Cosden ~ Co. is well rounded
out but compact and efficiently man
aged enterprises that is now in splen-
did physical and financial condition
and with the outlook in favor Of in
creasingly profitable operations it
would not be surprising if an in
crease in the dividend rate. perhaps
to a 81 annual basis, were effected,
this year.
If a more liberal dividend policy
is not adopted it will be only be-
cause the company has greatly ex-
banded its drilling activities particu-
tdfly IN the 1eNdS ranger Uel1
where il recently acquired 200, 200
acres and now has seven wells in va
rious stages of completion. These
Texas properties are well located
and are conceded by oil authorities
TO open up new and wonderful pos
sibilities to the company. In addi-
ton to it's Texas holdings the Cosden
property interests cover over 100000
acres in Oklahoma, Kansas, Wyom-
ing and Mexico. but principally in
the Mid-Continent field. The COM
pany owns one of the largest and
best equipped refneries in the coun-
try, located in Tulsa, Okla, and has
its own pipe lines and tank cars. In
short, COsden & Co. operates in
every branch of the oil industry and
while the progress of the past few
years has put the company in the
front rank Of the independents, the
next year or two should witness a
further growth greater in scope than
that attained up TO this time.
Dividend rate 90 cents. Income
yield IL per cent. Prevailing price
81. 1918 high $Sss. 1917 high
S1Sb.
South Bend news-times. (South Bend, Ind.) 1913-1938, 1919-02-16
CHILE COPPER

Chile Copper in the three months
ended September of last year, the re-
port Of which has Just been pub
hshed, shows profits for the out
standing stock OF Il cents a share.
the largest for any quarter yet re-
ported by the company. These
share profits were larger than the
entire six months of 1918, as the
first quarter contributed only %
cents per share, and the June pc
riod 80 cents. Thus for the nine
months Of 1918 ended September
Chile Copper has earned S1.38 per
share.
Total profits for the first nine
months were S7,1S3,0O0 and after
the deduction OF bond interest and
amortization, the surplus amounted
to 1921, 900.
Based on it's monthly reports Of
copper produced. Chile last year
produced O2,134. 600 pounds Of cop
per, the highest since the company
was incorporated in 1913, and rep
resenting an increase of almost IA
600, 600 pounds over 1917. OF this
lOlsAl DeCeillDtE ConLIlDuleQ lUttNZf-
600. the largest monthly production
for the company.
Due in no mean measure to the
high transportation charges, coupled
with the scarcity of ships, per
pound costs have advanced sharply,
amounting in the third quarter TO
more than Is cents, including freight
and selling expenses, as well as de
pletion and interest. With ships
Communicated by the governments
for war purposes released for ship
ping. Chile's costs should show a
market reduction within short pc
riod.
For the next few months plans
call for a reduction in output owing
TO the available supplies piled up
as a result of the war. Once the
demand begins again Chile can cas-
lily increase its output and with
lower costs and higher production
profits should be materially larger.
Prevailing price $17 1-2. 1913
high s24. 1917 high $27 SIS.
South Bend news-times. (South Bend, Ind.) 1913-1938, 1919-02-16
BRIEF BUT VERY
LIVELY SESSION
Opened With Prices Barely
Firm, But List Soon
Strengthened.
Associated Press Service :

Associated Press Service:
NEW YORK, Feb. 15.-What in
substance amounted to a very dis
astrous rout of the short interest
marked the course Of todays brief
but very lively session of the stock
exchange.
Prices were little more than firm
at the outset, but the general list
soon strenthened under the impetus
Of a buOyant demand for oils, ship
pings and some of the motors and
popular equipments.
Rails were hes1tant for a time,
the weakness of St Paul common
and preferred causing irregularity
in that quarter Later, however,
trans-continentals and coalers join
ed the upward movement, at gains
of one to two points.
United States Steel, which barely
wrested leadership from Mexican
Petroleum was steadily accumulated
in the final haIf hour, advancing
1 SIS to 81 IS. it's best quotation
thus far this month, allied issues
rising one 10 2 II points.
Bonds were active and steady in
the main, speculative ISSUES making
little response to the activity of
stocks. Sales (par value) aggregat-
ed Se,675. 900.
Old coupon and registered United
States As rose IA of one percent.
on call during the week.
South Bend news-times. (South Bend, Ind.) 1913-1938, 1919-02-16
GLENROCK OIL.

Buying OF excellent character has
been clearly discernible in the mar
ket for Glenrock Oil of recent weeks.
which buying is attributed to those
Standard Oil interests that dominate
the Wyoming fields.
The entire outlook for Glenrock
has changed decidedly for the better
since the pipe line into the Pilot
Butte field was put in operation. This
field is practically controlled by the
Glenrock company. and while now
marketing only about half the total
production, il is expected that in
creased facilities TO he provided this
spring will enable the company to
sell the entire output from its 80
wells. estimated at about 5000 bar
rels a day, together with that from
any additional wells that might be
brought in meanwhile. The average
production per we'll in the Pilot
Butte field is 100 barrels and with
six new wells drilling, which. of
course, have been hampered by win
ter weather. the company will prob
ably have a production Of over 1000
barrels a day early this spring. in
Guiding its interests in the Big
Muddy, Elk Basin and Grass Creek
fields. This production would mean
earnings Of over $3.50 per share an
nually. with the present Offering OF
stock included.
Another important factor in con-
nection with the immediate outlook
for Glenrock is its ownership OF n
one-half interest in $50 acres,
three-flfths interest in $40 acres and
n two-flfths interest in so acres in
the new Lance deld, which is con-
trolled largely by the Ohio oil. Mid
west Refining and Glenrock. In this
field the Ohio oil company recently
brought in a well estimated at 5000
barrels. and Glenrock Is reported as
having one well down 10 about 5000
feet and seven other rigs erected
preparatory 20 drilling in the spring
As stated by Pres't Taylor. ar
rangements have been made 10 in
crease the holdings OF the company
in Wyoming and also to acquire an
undivided one-third interest in 2.100
acres of leases in Cook and Grayson
counties. Texas.
Glenrock is fast developing into
one OF the largest producers in the
Wyoming fields and believing that
there is a wide disparity between
present market value and actual
value we hold the stock to be par
South Bend news-times. (South Bend, Ind.) 1913-1938, 1919-02-16
WHERE SOLDIERS ARE
RETAINED AND FITTED
FOR PEACE INDUSTRIES

Some misapprehension exists
about the retaining given war dis
abled men, there being a prevalent
idea that this is done in the re
construction hospitals"
The reconstruction hospitals are
maintained by the medical depart
ment of the army. where men who
have suffered injuries necessitating
a long course of treatment, are Civ
en- that treatment which will event
ually bring them back to health
and strength. In these reconstruc-
ton hospitals sometimes the men
are given such work as basketry,
weaving and the like These occC-
pations are often alluded to by dis
abled soldiers with disgust and
scorn, because they have the mis-
taken notion that the disabled men
are being taught these things as
means of a livelihood, when such is
not the case at all. If a man has
set Of stiffened fingers, basketry
is an ideal exercise TO bring back
into function those disused muscles;
and the same with weaving and
many other activities which appar-
emily have no commercial value
whatever
But the reeducation which the
government offers the disa bled men
is nothing like what is given in the
reconstruction hospitals. This ed
ucation is not available until after
the mar has been discharged The
federal board for vocational educa-
ton is in charge of this training,
and the man is assigned TO some
appropriate technical institution.
college, university, mechanical
school, agricultural school, or in
instances placed directly in the
shops for instruction. He is given
a support allowance of~s65 a month.
and his dependents cared for. When
he has finished his course a posi-
ton is found for him. and he IS
supervised for a while until he
demonstrates that he can earn his
wages and IS a competent and skill
ed workman. The federal board
for vocational education at Wash
ington is DESTROYS or getting in
touch with all war disabled men.
South Bend news-times. (South Bend, Ind.) 1913-1938, 1919-02-16
CORN TAKESA
SHARP ADVANCE
Provisions lump as High as
Rules Permitted-VoIume
of Trade Liberal.
Associated Press Service

Associated Press Service:
CHICAGO, Feb. 15.-Sharp ad-
vances in the corn market today re-
suited from persistent buying on the
part of houses with eastern con
nections. The close, although un-
settled. was two or three and FIVE
eighths net higher with MAY
$1.2S SIS to s1.237-s and July
S1.19 "a TO S1.1S rs. Oats gained
Is 10 1 3-s and provisions Il TO
IS.
oats followed closely the changes
in corn. Trade was Of liberal vol
ume.
Provisions again jumped as high
as the rules would permit. Lower
prices on hogs exercised only a
transient depressing influence. Pack
ers bought.
South Bend news-times. (South Bend, Ind.) 1913-1938, 1919-02-16
CONSERVATION LESSONS
WERE WELL LEARNED

According to Marc r. Prass, pro-
prietor Of the Union Shoe store, the
interest shown by people in a shoe
sale conducted by that concern dur
ing the past week, indicates that the
lessons OF conservation learned dur
ing the war have not been forgotten.
People are quick TO discern and ap-
preciate real value This applies
both 20 the folks who stayed at
home and those who were in the
service. They do not want goods Of
lower quality. but in case they are
assured Of standard goods they are
on the lookout 10 save wherever
possible It is a condition that is
sure TO result in prosperity both for
the city and nation" declared Alr.
Prass
South Bend news-times. (South Bend, Ind.) 1913-1938, 1919-02-16
COsDFN G. co.

Granted that earnings inevitably
control the market course OF any
stock. it would appear that Cosden
is in line for substantial price i'm
prOvement. and very likely before
the shares are listed on the New
York stock Exchange, which appli-
cation we understand is now pend
ing
Earnings in 1915 are expected 70
cover dividend requirements better
than five times over. ard while the
best in the history OF the company.
are almost certain 70 be even great
er this year. The 1918 earnings are
estimated in some quarters az close
South Bend news-times. (South Bend, Ind.) 1913-1938, 1919-02-16
Overheard In Wall Street

ment $50, 100000 to float the sew
eral war loans. This is only 0.16
percent of the total amount raised,
which was a little over eighteen
billions of dollars.
The value Of minerals produced
ir the United States II 1917 was
5000 $4,000, an increase of ST.
496. 900 over 1916
American shipyards built 1852
vessels of 2.721,2S1 gross tons dur
ing 1918.
In 1912 there were 1O,O10304
savings depositors in the United
states who owned aggregate deposits
of S4,451,S1S,523. This compares
with I1,367,1O3 with a balance of
50, PA in 1917.
In 1912 the United states export
ported chemicals 20 the value Of
S27,O00,000. In 1918 the total
amounted to s175. 100000. In 1914
the United States exported dyestuffs
to the valueA of 100000, as COM
pared with $1,000 coo in 1918.
The total production OF bitumi-
nous coal in the. United States dur
ing 1915 was 5S7,5OO,OOO tons, an
increase of 37,OO0,0 900 tons. or near
" percent over 1917.
The foreign trade of the United
States during 1918 reached the un-
precedented total of 4O5,634,00O.
The value of agricultural crops
in the United States during 1918
amounted 10 s12,272,412,O 900, as
against s11,65S, O32. 900 for 1917.
During 1918 there were only 1882
failures in the United states, with
aggregate liabilities of $16S,O19,979.
This compares with 16,O37 failures
in 1913 with total liabilities of s272, =
672,2SS.
South Bend news-times. (South Bend, Ind.) 1913-1938, 1919-02-16
TRAILM0BILE SOLVES
HEAVY CARuNG PROBLEM

Owing 20 the fact that a truck or
automobile is capable OF pulling a
greater load than that carried. the
Inter-City Transfer company has in
stalled a trailmobile which is being
used 10 advantage at the present
time The trailmobile was purchased
from the South Bend Spring Wagon
works. distributors for this territory.
and according 10 Mr.. Collmer. man
ager OF that company. a large num-
Der OF business men are coming 10
realize the value Of the trailer for
ovarloads.
South Bend news-times. (South Bend, Ind.) 1913-1938, 1919-02-16
PIERCE OIL.


For the nine months ended Sept
so last the Pierce Oil corporation
earned after depletion and deprecia-
ton and allowance for taxes $685.
6SS available for dividends or the
equivalent of about 81 per share,
which is at the annual rate of 1892
per share as against $1.47 per share
earned in the 1917 year. These earn
ings are equivalent TO about 30 per
cent on the prevailing market price
Of the stock.
No dividends have as yet been
paid on Pierce Oil shares but with
the company in a decidedly strong
financial position and with more
than 5000, 900 in net current assets.
it is believed that dividends prob
ably at the annual rate of per cent
are only a short way off.
The Pierce Oil corporation must
necessarily be one Of the important
beneficiaries of the present prosper
ity of the oil industry, particularly in
connection with the new oil fields in
North Central Texas, where the COM
pany is proceeding with drilling
operations.
Prevailing price SIX. 1918 high
SIG. 1917 high S15A.
South Bend news-times. (South Bend, Ind.) 1913-1938, 1919-02-16
COMMERCIAL
Market Prospect
BY the Financial Editor.

you will see the result that will
come from public buying
We still recommend Stujebaker
as the best long pull investment on
the board. overland should also
advance. Southern Pacific and Nor
folk & Western are the best of the
dividend paying rails. Southern Ry.
looks good for a long pull. The good
grade oils are a buy at present
prices. (See the oil notes on this
pageD
South Bend news-times. (South Bend, Ind.) 1913-1938, 1919-02-16
CHICAGO LIVE STOCK.

ETITCAtlO, Feb. 15.-HOtIS- Receipts,
- eco: market lower. bulk, S1T5Od17 50;
butchers. S1T.65Gf 1875: packing, Sl6t5M
11.D. lights $1,000 17.75. pigs, $1,000
11.OO. r1ughs. S1G2JM1G.75.
CATTLE Receipts. 1900; market DC
lower: beef S10JOd20.OO; butcher stock,
-. 25G15 %. Gamers and cutters $500
T25: stockers and feeders SSOOM14.15
COWS 81 gJd 15.25: calves. $1,000 1J.25.
SHEEP-Receipts 1000: market 15c-
- higher: wool lambs, $1,000 1850
lives. S55O611.GO
South Bend news-times. (South Bend, Ind.) 1913-1938, 1919-02-16
Local and Foreign Markets

on Thursday of last week the
market turned definitely upward,
and in our opinion the advance is
likely to continue for some time. II
the public comes into the market
We will no doubt see a small bull
market before the government loan
for there is little stock for sale at
this level. Most OF the stocks are
in strong hands that will not come
out at present levels. Combine this
with the large short interest and
South Bend news-times. (South Bend, Ind.) 1913-1938, 1919-02-16

EAST ~ TT-ATTI- = y Te0- %
Notwithstanding 200. market slow,
steady. prime steers. S17.OOGiS00
butcher grades. S1OO0I 1J.55; cows. SAO0
ei1015
CALVES Receipts. 100: market slow.
zoe lower; Gull % choice. S5.OOUl95O.
SHEFP AND Receipts. 1000
market active lambs. Toe higher: choice
lambs. S17.JOG II. -; Gull 10 fair. Si000Gr
1725. yearlings. Slfo0G ZOO. sheep,
Ss00Gf3O0
Receipts. 400; market active
Lest 2Oc lower: pigs. JNc lower. Workers,
S1SG0. pigs. S16T5d1T.O0: mixed. S1SG0:
heavy SIS co: roughs. $1,000 1900
stags. 0O0Gl3O0
South Bend news-times. (South Bend, Ind.) 1913-1938, 1919-02-16
pIrrsRI-RGH LIVE STOCK

FTrTSBU RICH. Pa, Feb. 13-CAIILE
Receipts light; market steady: choice.
S16.O001G15. good. $1,000 1910. fair,
q. t0Fpf2OO: veal calves SI7.00d1S.OO
SHEEP AND LAMBS-Receipts light ;
market steady: prime wethers. Sl1.J00l
12IO. good. $1,000 1900: fart mixed.
SS.OOq9OO. lambs. S1LO0M11.JO.
HOGS Receipts. 10 dOubledecks: mar
ket lower. prime heavy hogs. S1S.4O0f
1SG0 mediums. S1S40MlSG0: heavy
Workers SIS 4Od1SGO: light Workers.
S1T.2JNlLJ0; pigs. S1IO0@ l72J; roughs,
SD nnn1G6J. stags. S12OOGl3.00
South Bend news-times. (South Bend, Ind.) 1913-1938, 1919-02-16
CUICACO CASW CRNIN.

CHICAGO Feb 15.-CORN- 3 vel p
low. 81 -: No. yellow. S124612J; No.
3 yellow 81 2OdL22: No. g yellow. SLY
mixed. S11SdL21: No. 6 mixed. S116 {;
No. g white. 81 26: No. . white. 81 236
-: No. > white S1.2O61.21; No. 6 white
SLY
OATS No. 5 white. 5Sl2cdGoi2; Nc. 4
white. j9Lc: standard. J9cU6lll.
BARLEY -S7Cd04
TIAfOTHN-SGOof 900.
South Bend news-times. (South Bend, Ind.) 1913-1938, 1919-02-16
MARKETS

CHICAGO, Feb. 1j.-BUTTER-Crea
ery. ole. standards 49cG49ia; hrsts Acc
GgI0. seconds. 4Ocd43.
\ -Ordinaries. 37i4cM3S; hrsts,
29c
CHEESE-Twins. 2I2cG2J; Americas,
2fcN241s.
POTITRY-Fowls.3 1c: ducks 30cG
81 geese. pc; springs. 21c: turkeys, SOC.
POTATOES Cars. b: WiscOnsins per
100 lbs. S1jOd1Gj; Minnesotas, per 100
slbs 81 50FII TO
South Bend news-times. (South Bend, Ind.) 1913-1938, 1919-02-16
CHICAGO GRAIN AND PROVISION.
ANOTHER VACANT STORE
TO BE ELIMINATED

Another vacant store room was
eliminated from South Bends rapid
Iv disappearing list yesterday. with
the announcement By the United
Sshoe Repair shop OF the opening of
place az 323 5 Michigan 81. The
place viii be- ready for occupancy
about March 1, according 10 The an
uouncement