davidaulloa/AmericanStories huggingface dataset:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-12-07
Paid High Price for ST. Pan,

Question-Will you kindly give me
your opinion of the future of Chicago,
Milwaukee & st. Paul? have 100
shares common and it averages nearly
1876 share. 1t has not paid a dividend
in over two years. Would you advise
keeping it or selling at the market,
and buying some good dividend-paying
stock. l will appreciate your reply at
your earliest convenience.-H. F. D.
Answer-If you feel that you would
rather put your funds into a dividend
paying stock so you would have an in
come, of course it would be best to sell
your st. Paul stock, for dividends on
the common appear remote. However,
we believe that the present prices of
railroad stocks have very largely dis
counted all the unfavorable fea. Tres of
the situation. Legislation shortly to be
enacted should be constructive and the
railroads should certainly work their
way out of the present unpleasant situ-
alton.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-12-07
Minneapolis & St. Louis

Question-Will you please advise ME
about the 4 per cent 1949 bonds of the
Minneapolis & St. Louis Railroad, now
selling at about 40, and if interest is
reasonably sure would represent a
10 per cent investment? What is the
matter with these bonds that they sell
so low and are they reasonably safe as
an investment of $4,000, netting me
5000 a year? Have they not very good
speculative possibilities also? As I
understand it, the bonds are ahead
of all stock and the capitalization con-
stituting a prior lien on the railroad
is comparatively low, so that they
should be safe.-W. B. O.
Answer-Minneapolis & St. Louis re-
Gently went through reorganization.
The A per cent bonds are not very we'll
secured, but they do come ahead of the
stocks of the company. The bonds
offer a good speculation, particularly
as we believe the future of the rail-
roads will be brighter than their re-
cent past.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-12-07

rights with the latter on Fifth Avenue.
Tho company owns 81 per cent of the
stock Of the New York and Brooklyn
Railway Company, which claims owner
ship Of franchise to build a subway
from the Postoffice in Park Row to
any point in Brooklyn. There are
$4,000 first a per cent bonds due
July I, 1852, outstanding and 5000, 600
OF stock, par $50. No dividends have
been paid. Present market price of
the stock is about 37I2 cents share.
Continental Candy-Bosch Magnetic
Question: will be much indebted
to you for any information you can
give me concerning Continental Candy.
l l, have been tipped off to buy some Of
the stock by a very successful inves-
Tor and, while I have great confidence
in his judgment, will also greatly
appreciate your opinion and informa-
ton. Also may l trouble you to tell
me where can get the history Of
American Bosch Magnetic I'll. A. L.
Answer - The Continental Candy
Company was incorporated under the
laws of New York in May of this year.
The entire capital of 100000 shares of
no par value was issued for cash at SIS
snare, part OF the proceeds being
applied to purchase of factory proper
ties and other assets and the balance
being retained as working capital. The
company is engaged in the sale of
candy at wholesale and retail. An in
come account for six months ended
June 30 last based on the operations
of the factories acquired showed $416,-
BIZ, or 80 cents a share earned on it's
outstanding stock, not allowing for de-
duction of Federal taxes. Up to the
present no dividends have been paid.
American Bosch Magnetic was organ
lied under the laws Of New York State
last January. The corporation ac-
quired the assets and property and
assumed all the liabilities of the Bosch
Magnetic Company of New York, which
was originally formed by Robert Bosch
in Stuttgart, Germany, in 1885. A.
Mitchell Palmer, Alien Property Custo-
dian, in May, 1918, seized the entire
capital stock, $50 shares, par value
500, and certain patent rights which
were sold in December of the same
year to H. c. Griffith, acting as agent
for Martin E. Kern, who subsequently
sold the entire business, including the
plants at Springfield and Chicopee,
Mass, to the American Bosch Magnetic
Corporation. A few weeks ago it was
reported that the company had ac-
quired a site at Sixtieth Street, west
of Broadway, and planned to erect a
factory and salesroom at once.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-12-07
Broker Must Deliver Stock

Question-Do you consider Sinclair
common a fair speculation? pur-
chased ten shares on margin at so.
believe it will come back. | believe the
underwriters have on their hands $780,
600 shares of stock at 81 What effect
do you think that will have on the
market price of the stock? Will it hold
the price down for some time? In
buying on margin it is expressly un-
derstood that transfer of stocks is con-
templated If the buyer calls for the
certificates and the broker cannot de-
liver who is the loser, the buyer or
broker? w. E. B.
Answer-Sinclair Consolidated is un-
doubtedly we'll managed company.
Just what its earning power is at pres
ent we do not know. So many things
enter into the stock market that good
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-12-07
French Rentes of 1917

Question-What is your opinion of
the French government per cent
rentes of 1917, as to increase in value
and security of investment?-C.
Answer-France has always managed
to pay her debts. She is having consid-
cradle trouble in her after war efforts,
of course, but the country is made up
OF pIodders and savers, and we believe
the French per cent rentes will turn
out good investment.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-12-07
Best to Gin Couuons

Question: have some Liberty bonds
and have never clipped the coupons
thereof. Having been advised it was
better to do so, will you kindly inform
me if it is so, and why IN. F. w.
Answer-It is always good business
to cue off and collect your coupons
when they become due. If you do not
you lose interest on your interest, for
coupons do not draw interest and cash
will.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-12-07

Question-Some time ago purchased
a $1,000 bond of the Midsale Steel IS
at 901= This issue is now quoted
around IS and seems to be gradually
slipping. Do you consider it safe
investment? If so why do they con-
tinue to fall W B. A.
the income yield must conform with
the price of money. High money means
lower bond prices. Your Midvale Steel
bonds are . good investment In our
opinion.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-12-07
Contra, Leather Prosperous

Question-Please give me your
opinion on Central Leather common.
United Retail Stores and General
Asphalt, as an investment, and what if
any dividends these companies are
paying-S. E. R.
Answer-Central Leather Company
is a prosperous concern, well managed
and paying at present per cent year.
United Retail Stores, an outcome of
United Cigar Stores, is a speculative
stock with large earning power. No
dividends. General Asphalt, now prac-
tically devoting it's efforts to oil pro-
duction, is said to be a very large
Garner. No dividends on the common,
but per cent on the preferred. All
are speculative.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-12-07

Question-Can you explain causes
underlying the decline in price of Pub
lie Service Corporation of New Jersey
per cent bonds, also whether in your
judgment these are sound securities
Why does their common stock sell
higher than the bonds, as I believe the
latter supersede the common stock as
liability of the company? What are
the prospects of dividend on She'll
Transport and Trading, Ltd. stock !?
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-12-07
The German Mark Craze

Question: have been thinking Of
buyinp some German marks as an in
vestment, but I am not familiar with
the way an investment Of this kind
can be made.( Could you advise me
what procedure I should take, and in
cidentally let me have your opinion as
to the wisdom Of such move u. Il.
Answer-German marks can be
bought at almost any bank dealing in
foreign exchange. The Tribune has
stated repeatedly in this column that
buying marks under present conditions
Is a gamble.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-12-07
A Reliable Concern

Question-As a reader of The Trib-
une since 1868, will you kindly tell me
if the Calvert Mortgage Company of
Baltimore is a reliable concern.-A.
A. F.
Answer-We are informed that the
Calvert Mortgage Company is a re-
liable concern.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-12-07

fuhi al command in
o. in these columns Only nMnL
yA pdadhew
Trbue,I5 4NsmuSn Nev York
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-12-07
He Would Buy Bonds on Margin
Where Hitch Comes Ir

Question-The rate of exchange be-
tween New York and England is ap-
proximately 81 per sterling pound; that
is, $500 deposited in New York will by
means of draft obtain f100 in London.
The rate of exchange of the postoffice
does not, however. fuctuate In the
same way, but is more or less stable, ir-
respective of the fluctuations on the ex-
change. 1 am given to understand that
if I am DESTROYS of sending 81 to Eng
land I must deposit here S4.s7, plus
some small fee. Similarly Ell deposited
in England will bring s4.S7 here via the
postoffice. The plan, then, is as fol-
lows: Deposit s40O here with broker.
obtain a draft payable in England for
s100. The recipient n England de-
posits it in a postoffice and sends a
money order here for S4S7. VIII you
tell me where the hitch is? In addition,
is it legitimate, as the faintest sus-
picion of illegality would condemn it at
once. j.
Answer-The scheme Is legitimate
enough, but won't work, for the simple
but sufficient reason that the British
postoffice authorities charge a stiff fee
on remittances to the United States,
which wipes out the apparent profit on
an operation such as you suggest.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-12-07
Good SnecnIatiye Investments

Question: am asking for your val
ued opinion relative to the Union Bag
and Paper Company's shares as as in
We stment. Also your opinion regard
ing American Telephone and Telegraph.
a A. T.
Answer-Union Bag and Paper makes
public its income account but once n
year. For eleven months ended Decent
Der 81. 1918. it showed l4.43 per cent
earned on the sl0,000.000 capital:
against 2l.27 per cent for the full
year ended January 81, 1918. We have
no recent information. but the conf
pany is apparently we'll able to MAIN
tain its dividend o. per cent. Amer
lean Telephone and Telegraph, accord
ing to officials at the tirle of the recent
financing, will be able TO maintain its
8 per cert dividends. Both stocks are
good speculative investments.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-12-07
Toronto
Dividends

Extras
Hudson Trust Company An extra div
dend of per cent has been declared in
addition to the regular quarterly dividend
Of 2 per cent, both payable December 81
to stockholders OF record December 20.
Regular Declarations
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-12-07
Fisk Rubber Preferred

Question-Will you kindly let me
know what you think Of Fisk Rubber
preferred at SOL, and dividend, as an
investment A. N. P.
Answer-Fisk Rubber is a very fair
investment in our judgment.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-12-07
Widow Makes Poor Investment

Question y In December, 1916.
bought ten shares Of Maxim Munitions
at s12 per share and thereafter it went
steadily down TO nothing. I received
couple of circulars advising me Of
reorganization and l also received
letter from a lawyer stating he was a
shareholder and advised me TO send GER
tifcate with 10 cents for each share
Of stock and they would try to recover
something's I did not send it. Do you
think there is any chance OF my get
ting any money back I am a widow
in reduced circumstances snd was lead
to invest in the stock with a promise
of sure RISE. A. H.
Answer-We cannot offer you much
encouragement regarding Maxim NUM-
tions. The company appears to have
gone steadily down hill and its pros
poets are none to bright.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-12-07
A Patient Investor

Question-Kindly tell me if you con-
slider the following reasonably safe
investment stocks: Associated Dry
Goods first preferred, United States
Steel preferred, American Steel Foun-
dry preferred, United States Rubber
first preferred, Western Union. Also
what do you think of the following as
speculative Investments: American
Telephone & Telegraph Company at
ment at 81, International Mercantile
Marine common at 55, White Motors
at 55, Eastern Rolling Mills at 80,
Southern Pacific at 105, General Elec-
trio at 165, Pullman at 1870, Pennsyl-
vania Water & Power at 90? Would
you advise holding all of the above :?
In addition to these I want to invest
about $4,000 in safe dividend paying
stocks. What would you suggest?
With assured dividends I am willing to
wait through fuctuating markets for
future appreciation.-M NJ.
Answer-The six stocks you first
mention all appear to be reasonably
safe Investments. The others, while
rightly regarded as speculative, are
generally we'll secured. The only ex-
ceptiOn is Marine common, which, be-
cause of a large accumulation of divi
dends on the preferred, must of neces
sity be speculation. For us to advise
you whether to hold those stocks or
not might be misconstrued as fore
thing we do not attempt. In regard
to your funds for investment, why not
look into other preferred stocks like
Central Leather, Republic Iron & Steel,
Railway Steel Springs and Virginia.
Carolina Chemical.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-12-07
Haste Was Not Necessary

Question: am considering the pur-
chase of some stocks and I am anxious
for some good advice. Do you consider
the Pierce Arrow preferred a good,
safe, sensible investment? I am con-
templating buying some railroad stocks
for Investment purposes. Lehigh Val
ley at about AZ. Pennsylvania at about
43, Great Northern preferred at IS,
Northern Pacific at IS. Also some Pull
man stock at about 1922 Would this
be sensible from an investment point
of view III. A.
Answer - Pierce Arrow preferred
may be regarded as fairly good in
vestment, though 1t does not offer the
same degree of safety as some of the
we'll seasoned preferred stocks of older
concerns which have consistently
earned their dividends by a wide mar
gin over long period of years. All of
the railroad stocks you name, which by
the way can be bought at lower quota
tions now, offer an opportunity for a
speculative investment, the future of
which will of course be determined by
the conditions under which the rail-
roads revert to private control. Pull
man Company stock is susceptible to
the same speculative influences that
sway the market in general, but the
present dividend of per cent has been
paid regularly since 1900, with extra
stock dividends of sc per cent in 1906
and 20 per cent in 1910. The company
receives $11,750,000 annual compensa-
ton from the government on it's car
rier business. This is equal to go per
cent on it's stock. 1t does not take
into consideration profits from the
manufacturing end of the business.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-12-07
Mining Shares Reflect Metal Prices

Question-Several months ago l pur-
chased 100 shares of Tennessee Copper
and Chemical stock at IA, since which
time it has declined to under IL. Can
you give me any information as to the
future of this stock? I also hold $50
shares of Ontario Silver Mining, which
purchased at 6l3 and which is to-
day 101a. What can you tell me as to
this stock? Can you give me any in
formation as to how high it is likely
to go? &C. NJ.
Answer-Tennessee Copper. like all
other copper stocks, has declined for
the reason that The price of the metal
is down to a low figure. Unless there
is change in this respect the out
look is not favorable. On the other
hand, silver stocks have, as q rule, en-
joyed a boom. We cannot tell how
high Ontario will go, but at present
prices for silver the company is making
money.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-12-07

propositions frequently 90 wrong for
time. The underwriters might find
themselves forced to throw their stock
over owing to unexpected market con-
ditions, even though the company's
business might be the largest in its
history. If you buy stock on margin
and afterward tell your broker You de-
sire to pay for it in full he must, upon
payment, deliver it to you. If he doesn't
do this within a reasonable time, say,
two or three days, there is something
wrong You may be sure. In that case
get good lawyer and go to it. CHS
holm & Chapman are members of the
New York Stock Exchange and re-
garded as thoroughly reliable. We
don't know the other brokers you men,
tion-we do not undertake to pass on
the standing Of all brokerage firms.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-12-07
WHY'S Corporation

Question: have heard several times
that the WHY'S Corporation is listed on
the curb; however, l have watched the
market reports for the last three weeks
without seeing any sales listed. 1t is
my understanding that to date no
certificates for this stock have been
issued. How is 1t, then, that sales can
be reported? Can you also advise
when certificates will be issued and if
this company will Immediately go on
the New York exchange when they
are put into circulation, and have you
any idea what their price will be?
am holding several shares of Saxon
Motors. Received notice of their re-
organization, stating that two shares
of new stock could be purchased at
SIS so each for every share Of present
common stock held. Does this mean
that two shares of new stock are given
in equal exchange for the old, or must
l turn in the old stock with cash to
the extent of 1927 in order to receive
the to shares of the new issue ?-E. G.
Answer-We have noticed no sales
of WHY'S Corporation stock. Sales
could be made, however, before the
certificates are issued, in the form of a
contract. This is frequently done. We
have no idea when the stock will
be issued. If you subscribe to the
Saxon plan you would simply pay in
SGT for two new shares for every
share you had. You would retain your
original shares.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-12-07
O. & w. Dividend Payer

Question: would appreciate your
advice on the following inquiries:
Some stock quotation columns give
New York, Ontario & Western as
dividend payer and others do not; does
this stock pay dividends or does it
not? Is Pyrene a dividend payer?
What do you think of combination
of three low priced stocks, such as
American Druggist Syndicate, Pyrene
and New York, Ontario & Western for
small investor? What can you say
about Farrell Coal? Has the original
pool ceased operations or only begun?
Will it be permanently adversely af~
fected by the New York City admins
tration's efforts to have oil substituted
for coal as the fuel for public and
office buildings. Is Firestone per
cent cumulative preferred a good in
vestment, or is the capitalization too
heavy? Can you recommend any low
priced silver?-S. O'S.
Answer-New York, Ontario & West
ern paid per cent in 1918 and I per
cent thus far in 1919, on August goth.
Pyrene pays 10 per cent per annum. The
offer a fairly good speculative invest
ment. Farrell Coal Company is said
to be doing better than original esti-
mates. The stock we understand is
still largely in the hands of those who
received it as bonus with the preferred.
OF course, if the city should seriously
consider the use Of oil instead of coal,
all coal stocks we should say would be
sentimentally affected. Firestone pre-
ferred is good investment in our
opinion. We cannot recommend any
low priced silvers, but will mention a
few as follows: Ell Salvador, La Rose
and McNamara.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-12-07
Well Distributed Investments

Question-Wo appreciate your
advice as regards the following: Hold
some Great Britain and Ireland 51a
per cent 1897 bonds, purchased at
1914 some time ago. They are now SELL
ing around 92ha Would you advise
me to sell now and invest in some in
dustrial stock? Hold some Brooklyn
Edison per cent bonds, purchased
around 81. Do you know the present
quotations on these and do you con-
slider them good investments? Hold
my plan is to hold these, even though
they do not bring in large return. Do
you not think l am right? Hold some
St. Louis & San Francisco prior lien
As and Chicago Great Western first
mortgage As. Would you advise me to
hold on to these? Also own some
Royal Dutch Company New York
shares. These are now selling much
higher than when purchased. Would
you advise my holding on to them as
a speculation? If you have any sug-
gestions to offer whereby could bet
ter distribute my investments would
appreciate same.-V. A.
Answer-Great Britain and Ireland
5L2s, 1887, are a good investment. OF
course, the decline in price Is not
pleasant, out almost all pohoe are ~"
er than they were. If you feel that
YOU would rest easier by changing your
investment to a good industrial pre-
ferred stock, you could buy U. s. Rub
Der first preferred or Virginia Caro-
lima Chemical preferred to yield Taper
cent. Brooklyn Edison 5s are quoted
at sac to 8sIs. They are good bonds;
Should certainly hold the Victory and
Liberty bonds. We feel that bonds
like St. Louis & San Francisco As
and Chicago Great Western As will do
better. Royal Dutch stock is specula-
tive, but the company is we'll managed
and the yield is attractive at present
prices. You appear to have good list
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-12-07
When is this usually declared and at

When Is this usually declared and at
what rate IS. S.
Answer-Public Service Corporation
Of New Jersey per cent bonds are a
general lien on certain property. but
the stock derives benefit from certain
feaseholds, which are not covered by
the bonds. That probably explains the
discrepancy. The low prices for both Sc
curities are traceable in a large meas
ure to unfavorable conditions under
which this, like other traction COM
panies, are operating. We have no div
idend announcement on Shell Trans
port, but there was a dividend Of 10
per cent in January and one Of Is per
cent in July, SO it would appear that
the next one is due January next
Has $4,000 to Invest
Question: have $4,000 to invest.
Are the United Kingdom Of Great Brit
ain ten-year SIS a good safe invest
ment for a working woman? Explain
about convertible gold bonds. Are Mer-
rill, Lynch & Co. reliable TT. NJ. X.
Answer-United Kingdom 5ta per
cent bonds we believe to be a good in
vestment- Convertible bonds give the
owner the option of exchanging his
bonds into stock on and after a GER
tdIH 0ate. MeErlll, Lynch q 20. arc
members of the New York Stock Ex-
change and, in our opinion, are re-
liable brokers.
He Would Buy Bonds on Margin
Would you please advise
me through your financial column the
ACCESSIBILITY Of buying City Of Paris
per cent 1921 bonds on a 10 per cent
margin? Also, would you advise buy
ing same in foreign currency? I have
about $500 which l would like to put
into a good yielding investment
N. H.
Answer-If you buy bonds on mar
gin you are specializing just the same
as though you bought stocks on a mar
gin, the only difference being that
bonds usually move slower than stocks.
But the principle is the same. If you
have $500 to invest don't buy anything
on margin. You could buy $500 bond
or five shares of some good industrial
preferred stock yielding per cent.