davidaulloa/AmericanStories huggingface dataset:
South Bend news-times. (South Bend, Ind.) 1913-1938, 1920-08-08

goat" as he was "A year ago. Farm
products are not the first 10 slump.
and unless there Is an accomps nying
drop in wages. construction costs,
and profits which seems not un-
likely. NAV be expected 10 regain at
least a portion OF their lost ground.
II the farmer Is 10 get less for his
crops this fall, he viii assuredly pay
leSs for many necessary articles.
One leading bank has the follow
ing 20 say on the subject OF farm
prices.
IF. as seems probable the farmer
must accept gradual reduction I'm
the prices OF his product as Europe
becomes more self.suffi cient. some
impairment OF his purchasing power
will result and ne will buy less Of
the products Of other industries un-
less these are correspondingiy
cheaper. IL will be useless for the
producers in other industries 20 in
sist that they shall have the same
money income II the great agricul-
tura1 population has less"
Farm prices are the foundation Of
the price structure, determining
alike the cost OF living 10 labor In
the cities and the prosperity Of retail
trade. upon which depends the pros
pertty Of industry at large and the
size Of wages. Business men rely
upon the seasons crop yields TO sup
ply the buying power for a very
healthy volume Of retail trade this
coming fall. The farmer is the most
conspicuous prospective buyer. July
exports OF wheat and -four, so per
cent greater than last year. have
helped 20 Hquidate the old crop sur
plus and prepare the way for re-
wing markets and general good
times.
OF all factors In the wooden indus
try the grower of raw wool has suf-
fered most BY reason OF the present
stagnant market The seemingly
inordinate greed Of spectators. man
ufacturers, and labor forced prices
70 points beyond endurance. The
public has refused 10 buy. AS
result of this refusal and the accum-
ulation OF enormous stocks OF raw
wool during and since the war, the
new clip finds no market and the
South Bend news-times. (South Bend, Ind.) 1913-1938, 1920-08-08
POTATOES AND CORN
PRICES TAKE DROP

Clouds and a slight drizZle failed
10 keep the people OF South Benl
from the city market Saturday
morning.
The last quoting Of potatoes vas
Thursday and they were selling at
80 cents a peck. Saturday they
sold for IS cents. Apples were S2.5O
a bushel and plums 20 cents a box.
Pears sold for six cents a pO~nd and
peaches were 80 cents a basket
Roasting ears came down 70 80
cents a dozen. CucumberS sold for
40 cents per dozen and the small
pickle were seven cents a pound.
The straw berries that sold for so
cents a quart are now selling for 30
cents. HuCkle berries have not
raised or lowered ana are still seven
dollars a crate Country butter WAS
sold for So cents a pound and eggs
for s. cents a dozen.
South Bend news-times. (South Bend, Ind.) 1913-1938, 1920-08-08

Readjustment TO a normal peace
time basis is definitely started and
viii continue with sporadic Interrupt
lions, judging from all present indi-
cations. The general trend II prices
has been decidedly downward. The
price OF foodstuffs and cotton has de-
clined, partly in sympathy with other
prices and partly as the result Of
underlying conditions Grain top
pied. but the farmer is not the
South Bend news-times. (South Bend, Ind.) 1913-1938, 1920-08-08

Figure for yourself what the increase Will be
when South Bend has completed her expansion
plans now under way-Every dollars worth of
virgin real estate within the present city limits
will have more than doubled In value.
Naturally, when a city grows and expands
South Bend will in the next few years, it will be
necessary to extend the city limits somewhat,
but this additional land will be the least valuable
and will not materially effect the total valuation
THE FACTS TF1IS-TFE BIG INCREASE
COMES TO THOSE PARCELS OF LAND
NOW WITHIN THE CITY LIMITS.
Is it any wonder that many fortunes have been
made in South Bend lands in the past? Is it not
natural to expect many more to be made In the
near futurep
There are several big additions that were pur-
chased at acreage prices, plated and put on the
market in attractive building lots that may be
bought today for half of what they will be worth
in few years.
So to you who are interested in securing flu
ture domestic, or to you who would like to be
among those to substantially profit by the IN
crease that is sure to come we give this advise
BUY SOUTH BEND VIRGIN REAL ESTATE
AND BUY 1T NOW.
South Bend news-times. (South Bend, Ind.) 1913-1938, 1920-08-08
AGRICULTURE

Farm Prices Not the Only
Ones to Decline-Farmers'
Buying Power is Counted
Upon to Sustain Fall Trade
Wheat Exports Large.
South Bend news-times. (South Bend, Ind.) 1913-1938, 1920-08-08

A study Of the table above reveals some in
tensey interesting facts. The population figures
are from the official census in even thousands
and the land valuations are the actual assessed
valuation in even millions
During the ten years between $50 and 900
our increase in population 5000 and the
increase In land valuation was six and one half
million dollars little less than one half million
per one thousand people.
The ten years from | 900 to 10 show an in
crease in population Of 8, 900 with a correspond
ingly increase in land valuation Of sixteen million
dollars.
During the last ten years the population in
crease has been another $4,000 while the land
valuation has advanced to almost a million dol
lars per one thousand population, or $l7 ,000,-
100000.
Remember this the land valuations herein
shown are LAND ONLY, stripped of all i'm
provements, these figures tell most forceful
story of the wonderfully increasing valuation of
virgin real estate-Think Of it, for every thou
sand inhabitants we add to South Bend in the
future, the valuation Of our land alone will in
crease S. ,000, 100000.
New-York tribune., 1920-08-28
Advance in Wheat
In Winnipeg Pit
Causes Rise Here
Upturn Is Laid to Buying
for Export, Which Halts
as Result of Gains; Cash
Position Is Irregular

sharp advance in the Winnipeg
market where the October position
gained more than 8 cents bushel,
caused general covering movement in
wheat during yesterdays session and
prices were strong and higher during
the greater part of the day. At one
time values in Chicago showed ad-
vances Of ~ to 5S4 c and closing quo
tations there were ~ to 4 cents net
higher
Exporters were said to have taken
about q OF million bushels over
night, most OF which was Canadian
wheat This appearance Of export
operations in Canada resulted in a
quick read djustment of values between
the Canadian and American markets, as
Canadian wheat recently has been SELL
ing considerably below parity with
American prices when the weakness in
Canadian exchange was taken into con-
sideration.
The advance was said to have
checked export operations and at the
close OF the day the market was some
what unsettled. Offers from the coun-
try were moderate and cash premiums
were maintained. although the Mime
apolis market showed a decline of 8
cents for cash wheat, which had ten
dency to discredit reports from there
Of better -four demand Flour
about Unchanged with the undertone
steady owing TO the appearance of a
better export inquiry and export sales
Of about 10000 or 10000 barrels, most
ly soft winters.
In the local cash market No. ? red
and No. hard we're quoted at S2.701s
c. j. + track New York.
New-York tribune., 1920-08-28
Ra.r Sugar Situation
Unchanged. No Sales

Current prices. Year ago
sugar gran sb....--. 100 q ---
coffee. San. San 30. .... .22as @2s7s 55H
The local market for raw sugar con-
tinued unchanged. no sales reported,
sugars Offering but no demand and
prices purely nominal in toe absence
Of transactions.
In commenting upon the recent re-
ported sale of $4,000 tons Of Cubas to
the Far East local merchant ex-
planned that this business would indi-
prices here, Far Eastern fwners oyer-
sold themselves in this market and
that, therefore, they are finding it
NECESSARY to buy in Cuban sugars to
meet requirements. prior to the har-
vesting OF the new Java crop next
May.
The demand for refined sugar shows
no change fer the better and until an
improvement is noted it is not likely
that rehners Will purchase rawss with
a chance Of not being able to dispose
Of their product. List prices remain
unchanged at 1T.O0c to 17.10c. less 2eo
Coffee Futures.Priee movements in the
coffee market yesterday We're more or less
irregular On the call September was
liquidation. with other months to 10
points higher Prices then rallied on re
to 75.noa bags were being promptly taken
care of by several strong interests. this ad-
vance carrying values 10 to , points net
higher
Private advices reporting 4 lower Santos
market ard later confirmed by the receipt
OF special cable showing decline in
futures of 50 to 200 reis brought out Some
rather free trade and Wall street selling.
and before the .dectine was checked there
had been losses of about 25 to As points
Just before the close short covering
brought about partial recovery. final
prices being % points net higher to a de-
cline Of "A points
AS was the case Thursday. much Of the
business was -represe nted in switching OF
near 70 far ineHths AT the close OF the
day the market seemed to be pretty wall
sold out and some expressed the belief that
any Improvement in Brazil would bring a
sharp upturn~{n this market
Firm offers from Brazil were about un-
changed and IN the local spot market the
demand was said to have improved
The range of prices follows
New-York tribune., 1920-08-28
Cotton Advances
Despite Selling
On Slight Rally
Reports of Greater Deteri-
oration of Crop Cause
Bearish Sentiment: In
easiness Is Felt Abroad

The private crop reports issued in
the cotton market yesterday evidently
pointed to a greater falling off in con-
diton for the month than recent sell
lers had anticipated. This seemed to
be the case in Liverpool as we'll as in
the local market, for the cables were
higher, while the early advance here
carried December contracts up to
26.7S.
This price represented a gain of 7S
points as compared with the closing
points from the low level of last Tues
day. Realizing by recent buyers for a
reaction or reselling then became more
active and there was setback of 40
or so points with December selling off
to 26.25, but nervousness over the crop
outlook remained in evidence and there
were late rallies with December clos
ing at 26.56 and with the general mar
ket closing firm at advances of 35 to
72 points for the day
The market opened firm at an ad-
vance of 35 to 81 points on the less
fayora Bile crop accounts. Three of the
end-August condition figures were pub
llshed ranging from $50 to So and in
dicating just about the ten-year aver
age falling off for the month. Buying
on theSe reports was simulated by
the weather map showing heavy rains
in the Southwest and showers else
where, with active months selling II
to 81 points net higher during the
middle of the morning. The disposi-
tion to take profits at the advance
seemed natural enough at this level
and some reselling was probably en-
couraged by another of the private
crop reports making the condition 725
or considerably better than indicated
by the early cables Rumors that
British coal miners had voted to strike
also had an unsettling influence, but
they lacked confirmation, and still an
other private report appeared during
the afternoon making the condition So.
These figures combined with the wet
weather evidently caused nervousness
over the crop outlook which was re-
fected in the closing bulges Perhaps
the reports that planters were plan
ming to withhold cotton from market t
and reduce acreage were also fac
tor, as there were scattering reports
of tirmer basis in the Southwest.
Southern spot markets as officially
reported were unchanged to so points
higher most of them being unchanged
with very little business.
The New York spot market was auie IT
end unchanged at 33 80 for middline.
NO sales were reported
The range of prices follows:
New-York tribune., 1920-08-28
Bonds
Boston Curb
Chicago

Shares Open. High Low fast
$40 Armour Ieath ID 10 1874 Is
10 Armour pf.... 81 Is 9l7. elia sll,
200 Brscoe ...... 27is 27t7 &c rs
l50 Case Piow.... 10 10 10 10
= = cal cadahy FL Rys pf 50 ~ ~ 50 50 u
45 Comw Edison. !. lolh, lol n 10l n
25o Contl Motors. So. 50.
30 Diam Match. .l06 los lac l0G
loo Hoist l. Su. ~, 1875 l5A 1913
800 Hupp ......... ~, Ii3, i4se l3a
2TOO Lib Men & l.. 1914 I3Is 1855 IL
$50 Mont Ward. IL 81 y 3Q-t 3I5s
$50 Natl Leather. i0s< l0% iQl. 1917
100 PIGGY Wiggiy. 80 30 SO %
l9O Quaker oats. .2s9le 23a u 239 y 23ez
10 do pf ...... IS ~t8 IS ss
500 REQ Motors. % 22 els. 2ll
Is Sears oeb'ck.lii I4l I4l Il,
2T00 Stew Warner. SAX % 324. 32ss
2000 Swift Inti.. 50 20s 29s> 90 4
40 SWIFT & Co. .lO7'2 l07 : l07l. 1919.
% I i.ai.. pson 49,. - 81 Il p
240o Union Carbide. 6Sia 63 u 631s 63A
100 Un Paperbo' rd s07s sO7s soa so;s
New-York tribune., 1920-08-28

open. High. Low. Close. CT
New-York tribune., 1920-08-28
Eouipments Are Good Investments

Ouestion-Sorne days ago I offer
by the Southern Pacific Railroad of their
equipment bonds paying per cent on
you consider the better investment, the
one mentioned above or stock of Ltsgett S
per cent?--F. p II.
Answer-We think you have been
misinformed regarding the Southern
Pacific equipment bonds. They do not
yield s per cent, but slightly less than
I per cent. They are a splendid invest
ment. in our opinion. We prefer them to
the Liggetts international preferred
stock, which yields per cent. This COM
pany, operating in Great Britain, ap-
pears to have a promising future. We
regard the stock as a very fair in
veStment.
New-York tribune., 1920-08-28
His Oil Stock Was 10, Now It's

QuestionS-some time ago purchased
100 shares Of Boone Oil at 10. Since then
1t has dropped to ?. What do You think
of this stock? Do you think 1t advisable
for me to sell it around present levels,
or hold it for the long pull?-P, II.
Answer-There is nothing unusual
or surprising about the fall of an oil
stock quotation from 10 to 2. That
is the way oil stocks act, and holders
of these shares should be prepared for
fluctuations We cannot attempt to
advise YOU whether to sell or hold. The
matter is altogether too uncertain, and
we do not know whether you can afford
to speculate
New-York tribune., 1920-08-28
L. S. Cast Iron Pipe Preferred

Qucstion-If my memory serves me
right YOU were at ono time inclined to
favor United States Cast Iron Pipe pre-
fcrred stock as fair investment. note
that the price is now comparatively low
and am Interested in knowing If DIVIDEND
prospects are as good ever The stock
appears to have speculative we'll as
investment features-H. R.
Answer-Thc United States Cast
Iron Pipe & Foundry Co. has funded
debt of $4,000 American Pipe e.
Foundry first 6s, 1928, $4,000, 900 non
cumulative per cent preferred stock
and $12,000,000 common stock, par
800. The company operated at deficit
of S503,703 in 1919, which, together
with the payment of 100000 preferred
dividends, cut the surplus to S347,474.
That explains the low price of the pre-
ferred stock, which has been paying 5
per cent since 1916. Conditions in the
industry are said by the company to be
better now, but it hardly can be said
that dividend prospects are as good as
ever. I'VE would not rate the stock as
an investment
New-York tribune., 1920-08-28
Investment
Information

Qnestions Of general interest to
'nccstors toi'l be answered in this
column, IN 'chich case only initials
'c'H be used. Others ,Oill be an,
s~ered bp mail. Address all in
qn''1es, inciosing stamped, ad-
dressed enreiope. to Financial Editor.
33he Tr,ounc. i5+ Nassau Street, New
York City.
New-York tribune., 1920-08-28
Oil Dividend Check Disappoints Him

Question--T purchased 100 shares OF OIL
recsrnt FOR s,75 In few davs re-.
ceived certificate for 100 shares at 81 a
share. The check for quarterly dividend
amounts to Sc. per cent on TOO shares a
81 a share. Is this correct? l thought
certificate would call for 100 shares at
$l.75 a share. and the check for quarterly
dividend would be for $lo.50, per cent on
Sl75.-M. ON.
Answer - You do not say what oil
company you bought stock in, but from
your letter it appears that you bought
shares of the par value Of 81, paying
S1.75 for them. Stocks pay dividends
per cent on par value, not on selling
price. Your certificates will show what
the par value of the shares is.
New-York tribune., 1920-08-28
Copenhagen and Swedish Bonds

observation-disclosures give me your opinion
of Swedish government SIS, due 1883. and
City OF Copenhagen 5tas, due 1914. -
T. NJ. II.
Answer-We regard both the Copen-
hagen 51ss and the Swedish 6s as
good business mans investment, espe-
cially at the comparatively low present
prices
New-York tribune., 1920-08-28
Open. High. Low


New Orleans steady. unchanged 30 75c'
saies, 40 bales Mobile nominal. IN
changed @o.75c; no sales. Charleston nom
ma; unc HANGED no sales; Norfolk dull.
unchanged, @2.5Gc. no sales; Bai,ln.er.
nominal 80 points hig her. s2 SOC no sales
Is tAus uStd 4uiet' unchanged. SIC, sales. $40
hairs Memphis nominal unchaneea
2i.5Oe; sales. 52s bales Houston stestiy,
90 points higher. 3075c sales. 3.24s bales
little EOck quiet, unchanged sac no
sa'es Dallas steady. 40 points higher,
~. ,Vc' sales 200 bales Montgomery. nom,
maj. unchange ed. 3ae. no sales .-o-.-
New-York tribune., 1920-08-28
p. X. r, Bonds in $500 piece,

- Question - DO Pennsylvania Railroad
company per cent secured gold bonds
J. NJ. j. '''''''" ''o"s -
Answer-These bonds are issued in
$500 pieces. Our recent statement r.
the contrary was an error.
New-York tribune., 1920-08-28
yarns in more demand cloths in snoder-
ate demand.
,Cottonseed Oil

The cottonseed on trade expects large
deliveries September contracts to-day,
but the market yesterday showed consid-
erabie firmness and closed p. TO %
points net advance. Il WAS thought that
th> rrsspsctive fsrge deliveries had been
discounted and shorts w's~e inclined -
1frr. owing tn the strength in the cotton
market due tn bullish crop reports. Als- Vu
the frmness in lard. Total sales for the
dav were 8 $40 bsrres
The range OF prices follows;
New-York tribune., 1920-08-28
Cotton Statistics
liverpool Cables

IiverpooI tabies--Spot cotton fair hnsl
ness doing at So points advance: mid
ding y 4sd Sales, 5000 bales. inciud
ing 5000 american. Imports. | 900 bales
none American. Futures opened very
steady and closed very steady, at a net
advance OF A6 to ss points October
closed AID; Dec, 19.s0d: jan le SAD
Mar. ls.osd: May. ls5sd Manchsstes
New-York tribune., 1920-08-28
German Internal Bonds
DIVIDEND NOTICES
OFFICE OF
The United Gas Improvement Co.

\. w. CORNER BROAD & ARCH Sis.
Philadelphia. tuns 8 1920
The directors have this day decaared
ausr{sr.y disidend ef one and three
b,aasters ,,aa hsr cent .sTac per share) on the
sept,smesE Ia 1870, to holders a. prsterrsS
eeoch OK. FeSexd at the close Of hu.ins..
Checks VIII be mailed
l. W. NORRIS. Treasu.sn
New-York tribune., 1920-08-28

: .
Pittsburgh

50 80 An \, xit = Pr9as- cd 70 59 5. as M 3ss
Glo Arkansas Gas. 1l"s 1l7s lbs 1is.
$50 Hab Fec Ca. 1872 l5i2 Is ID
1000 Kay CO CAS-. u Ia Il. y.
80 Lone star Gas. - q p y
1870 Marland Ref. Az 4ss AZ 4ih
100 Mfrs 1t & II . 55s. 5s 55i4 55as
400 Nat Fire pfg pf - l2 y ~
123 Ohio Fuel OIL. "a "a "A "a
81 Ohio Fuel Sup 49ia so 49iz 4eia
too Pitts Blew. 11A TX II II
100 Pitts Coal. 62is 62A s2i. 62N
a0 L S Steel. ...... 9094 9Qs4 904 90&
20 Westingh A BIOS 1o5 1O5 1o5
lio Wesungh Elec 47H Az 47A 47A
New-York tribune., 1920-08-28

Question-Kindly advise me what to do
in the following matter. ! purchased 80
shares in the First people's Trust from
the II. V. Greene co. When | purchased
them the agent told me that at any
time | wanted to resell could do so
or If | was In any financial difficulties
they would return So per cent and hold
the other Is per cent for me- ON account
of illness and the death of my mother
| had to borrow money. wrote tho
First Peoples Trust. explaining my diff
hcultes. asking them to resell my shares
Tho reply said they would not do SO. as
there was no resales department open
in that issue yet. DO YOU think this
company is safe to invest in?-Miss NJ
NJ. h.
Answcr-If everything H. V. Greene
& Co. said about their stocks were true
buyers still would be without a market
for their securities after they got
them, and marketability is oge of the
Important elements of good invest
mcnt. That is one Of the reasons why
The Tribune has repeatedly warned
against buying securities of this kind,
for investment Aonther thing that
investors frequently overlook is that
nothing the stock salesman promises
you has any validity whatever unless
it appears in the contract you sign.
New-York tribune., 1920-08-28
Spectator Wants to &c Safe

Quest ion--Accordng to a number Of
r.a' ket letters that receive certain stocks
get list of about ten stocks seiling be, a.
, tMnon seo ana SI5 which pay good divi-
vgmus VIM rhan Mbm wn,ch ih should appreciate in
ould YOU suggest buying now or shoulI
credit strains in the fall 1nonths? Alec
What Go YOU think of United prodt Shar,
inc stock. which pays dlvldondse A Nv
ork hroker suggested Ajax Rubber Kew
St'ne TIRE, international Mereantile Ma
me preicrrcd and Royal Dutch New Yorl,
shares Would ! be on the safe side IN INV
ing these at the low levels they are now
selling for? expect to buy on the nar-
tlal payment plan conducted bv Dun
nam 4 CO. no margin calls ana e per cent
N iunt'rest;, DO You recommend this plan a.
Answcr-All of the stocks Won name
ere speculative, being sensitive to earn.
lngs and market conditions. Your let
ter shows that you are planning specu-
latlvc operations depending on a turn
N the market for the better, vet YOU
desire to be on the safe side. We have
no means of knowing when the bottom
of the market has been reached and
we do not attempt to advise about
speculat tion. If you want to be on the
safe side buy seasoned preferred stocks
and investment bonds, which do not
fuctuate so widely. Brokers cannot
guarantee not to make margin calls
Tor they must protect their ow.. posi-
tlons. 1t is easy to imagine what would
happen to house if it tried to carry
accounts for customers who had no
margin, especially in the case of a
smash in the market. Partial payment
houses do business, however. on a basis
which makes a margin call extremely
unlikely, and that is the way Dunham
& Co. operate. They are probably
losing money or at best breaking even
at present on the 6 per cent charge for
unpaid balances. Their charge for the
same balances on margin accounts is
greater. But under the partial pay
ment system, whore the contracts ex-
tend over period of year or more
the broker is enabled TO even up when
interest rates are not so high. He
makes charge for service over and
above ordinary commissions.
New-York tribune., 1920-08-28
Livestock, Meats, Provisions
.

Sotuth,
Live beer. fair TO
prime. 100 lbs. ;
d r e 8 5 @ d beef,
sides. Id.
Live veal, COM
mon to prime.
100 lbs
ID r c 3 s o d veal,
city. ID.
1.-Two ewes. 100
lbs.
Dressed mutton,
city. ID.
Live lambs. fair
TO prime. 100
lbs. !
Dressed lambs,
city. ID.
Hogs. 100 lbs.
Dressed h o g ..
bacon. lb.
Ness pork. Dbl.
Mess beef. bbl...
Lard. Ii ! d d ! Q
West. 400 lbs.
East Oregonian : E.O. (Pendleton, OR) 1888-current, 1920-07-13

W. \. Dalrymple is In the city from
Portland.
/ ]. A. Joyce arrived here from Port
land this morning
P. NJ. Williams of La Grande is at
he Hotel st. George
| q. ID. Warner of Portland is here.
l. S. Scnch is here from La Grande.
], NJ Jolly and Mrs. Jolly of Great
| Falls Mont, are here.
III. G. Casteel of Pilot Rock. came
in this morning.
+. G. Schelke OF la Grande is in
]. Il. Southland is in Pendleton for
the day,
Gene whitende is here from Spo-
kane.
+, c. Gordon came down from Sc
title this morning.
George Shelts of New York is at the
Hotel Pendleton,
Miss Edith Youngcrantz OF walla
walla is in the city.
II. Campbell of Portland is, here.
Cecil Cosper of walla waIla, arrlv-
I'd in the city this morning.
Phillip Beck of Portland. is regis
tered at the Hotel Pendleton.
NJ. F. Swift came up from Portland
this morning.
Miss Lucille Fisher is here from Al
bee, Ore.
James Mckay is in town from Ca
lena.
W. ], Franstctter is in the city.
w, r Brochvogel is here from
Portland.
NJ. E. Lee is in from Portland