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HomeMy WebLinkAboutThe Huron Expositor, 1920-04-30, Page 3192 z as Ban its 1855 3RVE $9,oea,000 ranches rER,---Start to Save iaracter by inducing self-denial by depositing a certain portion MOLSONS BANK. With the substantial sum is soon acquired. ae attention as larger ones— DISTRICT drys Kirkton Eensall Zurich WE ARE AGENTS 'TFC R [t4V TE HOUSEHOLDERS '.RALLY TO CALL AND SEE ►LE a OF THESE FINIBfES. PRODUCT GUARANTEED QUALITY ANIS 5ERVIC1 .. RGEt SEAFORTH, ONT of mothers her, the boys and girls* it's l e sweet for aft es—atwork or usre tired. SEALED TIGHT- RIG.HT Service (can Live entry, has the same the city in expert wn firm in .d Dyeing rehold Fabrics, bsa has rork of new,. f even house - etc. I y mail ful at- nally. bars or 4ZICS oronto APRIL 30, 1920. THE HURON EXPOSITOR Saves Time and Avoid Worry. Most farmers havesales notesdue them at some lima, or other, but busy days make collections. difficult. Let us look after payments and credit collections to your account while you do your farming. Allow us to do your banking, Consult the Manager. its THE LIOMINION EtN$ SEAFORTH BRANCH, . R. M. JONES, Manager. SAFETY DEPOSIT BOXES FOR RENT: 'FHE HURON EXPOSITOR • DRIC'r° MATTE . THE BEST MEDICINE FOR LITTLE ONES 'Thousands of mothers state posi- tively that Baby's Own Tablets -are the best medicine they know of for little ones. Their experience has taught them that the Tablets always do just what is claimed for them and that they can be given with perfect -safety t children of ll ages. Con- • cerning them Mrs. Jo ph' Therrien, St. Gabriel de Branndozf; 9ue., writes: "Baby's Own Tablets are the best medicine I know of for little ones. I thought I would lose my baby before trying the Tablets • but they .soon made him healthy and happy and now I would not be without them," The Tablets are sold by medicine dealers or by mail at 25 cents a box 'from The Dr. Williams' Medicine Co., Brockville, Ont. STUTZ MOTORS AND THE CORNER One of the greatest sensations Wall Street has had for a long time is the corner on Stutz stock. The end of the chapter is not yet, for the courts will' have the final say. But it appears now that millions of dol- lars have been lost and won and that Allan A. Ryan is a power to be reckoned 'with.,It -is MIr. Ryan whoa cornered the arket and is now leisurely preparing to .strip --the hides from the bears who sold Stutz • short and were unable to make delivery, for the simple reason that Mr. Ryan] controls the available stock. Mr. Ryan is a son of Thomas Fortune Ryan, the greatest American financier but it appearsthat' this Stutz deal is his own. A very rich man in his oWit right and heaal of his own unlimited, backing in his little tilt over Stutz shares. He insists that it. was not he who started the trouble, but that the fight was forced on Than and that int order to protect himself he had to fight back. His enemies allege, on the other hand, that it was a -trap _cold- bloodedly prepared. In any event the affair has transformed Wall Street into two hostile cams, the Ryan camp and the bear -c lmp. It has dragged banks into the affray and has made enmities that will sur- vive for years. . The stock cornered is, of course, a mere pawn in the game; or rather the- mere cards with which the game was played. The Stutz cor- poration orporation manufactures motor cars in Indianapolis, and turns out' what is called a snappy model that has sold well. It makes 6,000 cars a year, and Mr. Ryan is credited with having built up the property, and therefore with having a strong personal interest in its fortunes. Until • "recently the •capital stock of the company has been 100,000 shares, upon whinh last, year dine dollars a share was erned. Hitherto the stock has • not been thought of particularly highly by speculators or even by investors. In the bull campaign of last year it sold as high as $144 a share, an ad- vance from the year's low of $42. In the three previous years it fluctu- ated from $37 to $79 a share. Just before the recent fireworks started, Stutz was . selling around $115, thus bringing the approximate value of the whole corporation to $11,500,000, In; a month, the price shot to $391, and after the Stock Exchange had forbidden further dealings in it, two hundred shares were sold at auc- tion foil $700 a share. This would ,seem to be a pretty fair price for shares in a corporation whose total property inventory is placed .at S5,000,000, of which more than $2; 000,000 is good will and trade marks. Just how the fight began is not known, for secrecy cloaks many of the moves. The unofficial explanation is that Mr, Ryan on a visit to Indian- apolis was taken ill with influenza, and that some bears, believing that he would not be in a position topro- tect the stock, sold it short, and brought it down about fifteen points. When Mr. Ryan recovered and went back to New York, an investigation showed him that more Stutz stock had been sold for,future delivery than was represented by the normal float- ing supply. In other words, the bears had stepped on their tails, counting upon: the falling, of the stock to terrify holders into throw- ing it on the market. But when Mr. Ryan started to buy the stock, the holders were encouraged. The bears too had to turn in• and make desper- ate attempts to cover. This is what sent the stock rocketing. The Stutz corner- is the first in industrial stocks on the New York market. It is small compared with some of the famous killings of the past, which were all made through the medium of railroads. The most recent of them was the battle for control of Northern Pacific, This was a duel between giants. On- one side wereaHill and Morgan; on the other side the Kuhn -Loeb -Harriman inter- ests. On' May 6th, 1901, a purchase of 200,000 shares of the stock sent. the -price ronu $114 to $183. The next day it advanced to $149%, and the day before the corner it closed at $160. On May 1th, starting at $170,: "it•' shot up. to $1,000 for im- mediate delivery. The end of the fight was brought about by `the fact that other standard securities were perilously declining and the Steck Ex- change permitted the shorts to settle for $150., It was a victory. for Jas.. 3. Hill and Pierpont Morgana'$nd was used in moderation compared with- some earlier exploits in which the names of Fisk, Vanderbilt and. Gould figure. Jim Fisk .twice gornered Erie an stook a fine crop of fur from the bears, who did not believe that the 'original trick could be repeated. The first corner in New York stock was made in 1835, through the med- ium of the Morris Canal. The stock was for a long time a drug on, the market and was bought up quietly by New. York and. Newark operators when it was belowpar. Then they.% openly bought all the stock that any- one would sell them for future de- livery. Seeing that they already held - the•stock it was manifestly impossible for anyone to deliver, unless the clique supplied the stock. The profit of the coup was • More than one hundred per cent. There was another corner made in Harlem railroad, noW a p Art of the New York Central, which, was at Gould venture, The exuberanbears bought ,for future delivery some 64.-' 1 000 •, shares when there were only r 7,000 available. 'Vanderbilt, Gould and John W. Gates were experts in cornering stocks, and with no more morals than 'pirates, they took the last • dollar of their victims, An- other column could easily be written • about the corners that almost suc- ceeded, and one thinks naturally of Joseph. Leiter and Old Hutch in the Chicago grain pit. ' ACTIVITIES OF WOMEN The national assembly. of Hungary has one woman member. - Mills college, San Francisco, boasts of a woman's fire department. A woman's brain reaches its great- est weight at about the' age of 25, The Business Women's club at Greenwood, Mass., will erect a $75,- 000 club house. It is claimed that ninety per cent. of the women in this country • buy ready-made clothes.. Only eleven per cent. -of they women and girl workers in New York state belong to labor unions. A DESIRE' TO EAT • _ WHAT YOIJ WANT How Stomachs Can be Re -gored to a Vigorous, Healthy. Condition. Not to be limited in diet, but to eat whatever. he pleases is the dream of every dyspeptic. No one can hon- estly promise to restore any stomach to this happy condition, because all 'people cannot eat the same things with equally satisfactory results. It is lilterally true that "what is one man's food is another man's poison." But itis possible to so tone up the digestive organs that a pleasing diet may be selected from articles of food that cause no discomfort; When the stomach lacks tone there is no quicker way to restore it than to build up the blood. Good diges- tion without rich, Ted blood is im- possible, and Dr. Williams' Pink Pills offer the very best way `to build up and enrich the blood. For this rea- son these pills are especially good in stomach trouble attended by thin. blood, and in attacks of nervous dys- pepsic. Proof of the value of ' Dr. Williams' Pink Pills inaeVen the most ; obstinate cases of stomach -trouble is lc given by. Mrs. S. Morrison, Varney, Ont., who says:—"I shall always feel•. indebted' to a frieiid who advised me to use Dr. Williams' Pink Pills. I had been a sufferer for upwards of ' twelve years with stomach trouble which resulted in a general weakness of the whole system. My meals al- ways caused me great discomfort, and at times I . would go hungry rather than undergo the suffering which followed meals. I was constantly taking something or other recommend- ed for the trouble, but without` find- ing a cure, and often the trouble kept me in bed , when I should have been doing my hone work. My friend, who had had a similar attack came to see me and urged me to try Dr. Williams' Pink Pills which had once cured her. I got a supply at once. and began taking them, and soon found relief. By the' time I had us- ed eight boxes I was again enjoying the best of health, and with a good appetite and a stomach restored to normal. Had I known of this medi. cine earlier it would have saved nye years of suffering, and I urge any who may be in .a similar condition to try these pills at once." You can 'get Dr. Williams' Pink Pills through any dealer in medicine or by Mail postpaid at 50 cents a 'lox or six boxes for $2.50 from The Dr. Williams' Medicine Co,, Brockville, Ont. Stewart's Sell it for Less Mail or Phone Your Orders . yI1Menand Boys should come her e for their Suit's and Furnishings. • In the Final Analysis -- YOU. ALWAYS SERVE YOUR OWN TER ESTE, YOU BUY WHEREVER YOU BELIEVE YOU GET MOST FOR YOUR MONEY. IN BUY- ING A SUIT OR.OVERCOAT YOU GO WHERE LARGE STYLE AND FABRIC VARIETIES ARE OFFERED FOR YOUR SELECTION, WHERE YOU HAVE CONFIDENCE_ IN THE ;STORE, AND FAITH IN ITS PRINTED AND SPOKEN WORD. Let us stick close to the facts. This store's policy of small profits and large volume has worked out so successfully that it is now the largest clothing store in Huron County. ` And because we enjoy such a tremendous purchasing power, we are now able to offer the greatest values possible at every price. ,. The largest clothing stock shown 'by any clothing' store. in Huron can be found right here. Our style displays are •not limited to the products -of any one maker. We show the best styles created by every clothing manufacturer of prominence. Not another clothing. store . can point to a record at all comparable with the sixteen years of service we have rendered to the men and boys of .this vicin- ity. With scrupulous vigilance we have rigidly ad- hered to our high standards of dependable mer- chandise, and superior values. IN THE FINAL ANALYgIS, THIS IS THE STORE IN WHICH TO MAKE YOUR SUIT AND UR- NISHING PURCHASES. New Suits for Men and Boys who Care Don't Buy Ordinary Clothe;; when you can . get an Improvement for the same price. There never was a season when it was so necessary to exercise the greatest care in buying clothing. The scarcity of wool, the uncer- tainty of dyes, and the high cost of labor is responsible for putting soine very unreliable clothing on the mark- et. With our customary foresight we purchased our present stock .months / ago when conditions were better and prices lower. You benefit two -fold by buying hereyou get the very best materials obtainable and you pay less for them. MEN'S SUITS Serges, blue or black .... $35' to $50 Worsteds, all colors $20 .to $45 Tweeds, all colors • $10 to $30 ,BOYS' SUITS Serges, blue $7.50 to $9 Worsteds; all colors $4 to $15 Tweeds, all colors $4 to $15 .7 fed 1 • 110. I filo (II ;11f11111iiglit V MEN'S AND BOYS' FURNISHINGS This store has always been the Leading Furnishing Store.' Larger stocks to choose 'from and the best brands at lowest prices. Whether you adhere closely -to the very newes.k *styles, follow the extreme fashions or dress -con- servatively, it makes no difference at this store. You can best satisfy yout _ideas here. The un- usually large stock we carry is' justified by the im.c mense business we do. New stocks are constantly coming and going: Always up-to-date we show the very latest and approved styles in every department. AT THE MOST REASONABLE PRICES. Work Clothes ' For Men and Boys It will pay you to buy Work Cloth here. Read over the prices low. The qUality is certain. BSnigage. je°13f PANTS Stripe Cottonade ...$2.75 Black $2,25 WORK SHIRTS Black & white double front $1.75 Black and wh#e stripe 75c to $1. 50 SOX Wool Flat Knit ... Wool, Fine Ribbed Straw — ..25c .35e ..50c to 75c HATS . 15c to 50e this Store will be clos- ed every Wednesday af- ternoon during May, June, July, Aligust and WART1BROS. Seaforth -PThis Store will be closr ed every Wednesda ternoon during September. —