New-York tribune., 1919-11-09

Address all queries. inclos!ns
stamred addressed envelope to
FINANCIAL EElTOR, The Tribune,
l5i Nassau Street. New York City.
Ouoston-Please give opinion of
red. A. What amount from profits is
available for dividend payment at
present and do you consider them
cheap at present prices? Accord
ing to their earnings, what price should
| these issues be selling for? Do you
consider them safe investment at pres
cnt time? If railroad stocks should go
up, how high. in your opinion, can
these two stocks be expected to go?
DR.. p r. NJ.
Anewer-For year 1918 Western
Maryland's net operating income
show ed dcfics of $492,46s. against
surplus of $4,l50,225 for 1917. Deficit
fer first seven months this year was
$l3C.s9. against surplus of S90.621 for
same period in 1918. although May,
Western Maryland common and Wabash
On guaranteed income for 1918, the first
pref rred showed per cent, the second
pref erred ril and the common nil. On
actual income. none of issues snow ed
June and July, 1919, showed a surplus.
anything. Wabash preferred A showed
4.3o Per cert, ard preferred B and COM
mon stocks MI based on government
guarantee. Net operating income for
first seven months of 1919 were $12l,-
3l7, against $S12,463 for same per od
in 1913. But so many causes cater
into government operations of rail
roads that it is poor guide for what
private operations will be. There is
division OF traffic for one thing. No
one can forecast outcome of this whole
affair. If there is substantial in
crease in freight rates it will do much
TO overcome increased cost of wages,
etc. We DO not believe railroads will
suffer more than they have already
suffered. But we cannot attempt to
tell value IF these stocks. They can
not be called good Investments.
Question-Contemplate buying block
Of shares Of Inspiration Copper as an
investment, with hopes for rise in
copper stocks next year. What is your
opinion C. n.
Answer-Most of copper companies
have shown decreases in production
this year, and most Of them in conse-
quence reduced their dividends IN
spiratiOn is said to be about earning
Conpany's cash position is good, and
with better outlook generally for
copper this company should do better
Ques ston-Will you be good enough
/ to advise me what possibilities of Per
lection Tire and Rubber Company are
from an investment standpoint? de-
sire to purchase some OF the stock, but
would ike to know whether there is
anything detrimental to my doing so
w D. B.
Answer--Frcm pure invcstmen,
tandpoint Perfection Tire ard Rubbcr
should not be considered. 1t is not
raying dividends, and though business
Of company is said to be increasing, nc
financial statement Of recent date is
available.
Question-Kindly let me know some.
thing about Iiarroun Motor Corpora
tlon. Bought some so shares in 1917
and don't seem to hear anything about
them, whether they are doing busines:
or not. Also tell me about Oklahoma
on common stock, of which l have SOC
shares. Nj. }. L.
Answer-We are Informed that tn.
Harroun Motors Corporation, whicf
did considerable work for the govern
mcnt during war period, manufacturing
shells, making parts for Liberty no
mont CT 100000 on account of $500.
500 owed corporation by the govern
ment. This, while somewhat delayed
furnishes working c~:~,al, and com
pany is now reported to be manufac
turing about ten cars a day. The,
make their own motor. The stock il
said TO be traded in in Detroit, tn,
preVaiiing price, we are informed, be
ing So and S4 a share. We have no re
nf o,,te ~ b.
homa Oil.
Question-ln a recent issue of tn,
Tribune | noticed that reccers for tn.
Campbell Motor Car Company. sue
cessors to the defunct Emerson Motor.
Company, were authorized to accept
bid of $3.50 000 made by Caldwell an,
company Tor the property and asset.
OF the company, and, further, that al
involuntary petition in bankruptcy wa.
hled against the Emerson Motors Com
pany following the Tribune's exposure
of its stock-se. ling methods three
years ago. One Of our employees pur-
chased twenty of the preferred share.
and forty of the common shares of The
stock and still holds the origina
shares. lie is anxious to have som,
approximate idea as to what this stocl
Will eventually pay. Can you throw
any iSHc Oh Nitc SuvjcCt or perhaps
you can inform US where to write foi
the necessary information. f. S.
Answer-Wc do not know what tho
status of the Campbell Motors Com
pany Is at present. But we would sug
geSt that YOU communicate with the
receivers, +. Bright Wilson, 149 Bread
way, New York; Marcus Helfand. 32t
Broadway, New York.
much if you would give me your opin.
ION re following stocks as Investment,
for about 81 600: American Agric.l
tural Chemical, Virginia Caroline
Chemical common, Virginia. Caroline
Chemical preferred and United States
Rubber common.-E. l.. +.
Answer--All stocks you list have
great earning power behind them
Dividends are frequently increased or
common issues, and then again, vol
must be prepared for reductions. Vir.
& mia Carolina Chemical preferred Is
best investment among those men
toned. Others are more speculative,
Queston-Could you possibly advise
me which Vi these three is safest anc
best Investments: American Telephone
and Telegraph, Pressed Steel Corpo.
ration or United States Industrial
A-lcohcl? | would like something. tha;
could keep for any lerg h of time anC
still feel safe. Also what is par value
of above. ! notice in your iist o.
stocks for Thursday October 9. divi.
dopd rate is: American TeleohOra an 4