davidaulloa/AmericanStories huggingface dataset:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-12-28
Odd-Lot Dealers

Question An uaintance gave orde-
10 il commission broke Sell - S P
ll2i." 1t opened Il 800 a. li2i.-1oo
at lI2..." Is The customer Quilted by Ia So
Stock Exchange rules customs prece-
dellts or ethics to 1elna ;id i5pori AT ll9i. %
Or is il true that odd lot specialists have
become powerful that they are law
unto themselves and can either report or
not report any trade. they please basing
their decision upon the short o. long '.pSi-
ton Of their sheets at the moment There
are possibly several millions Of bona AIDE
odd-lot investors in the country who would
welcome An outside. impartial verdict such
as tn" independent Tribune can render.
H. Y.
Answer-Much depends upon the ma
ture of the opening Of a stock. If the
opening is wild the odd lot brokers fro
quently will not put stock in or take
stock on the basis of 100 shares sold
III an excited market The Stock Ex-
change has no rules regarding odd lot
brokers. They are in reality rot brok-
ers az all; they are dealers. They
charge no commission. but buy from
and sell to brokers' Each odd lot
house makes It's own terms upon WHICH
it will trade. The Stock Exchange has
nothing to do with it. The brokerage
house which accepted the order to sell
% shares of Southern Pacific should
take the matter up with the house to
which they gave the order and ascer-
tam what the circumstances were.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-12-28
Investment Information

interest Of these issuss7 Which Issue would
you prefer are both equal in Investment
value? DO you consider that either has any
investmen value7 If SO, would you con-
slider the risk greater than the average Of
speculative oil stocks B M. +.
Answor-The Russian 81 and Ga
per cent bonds were issued by the I'm
pcrial government. This government
no longer exists, and the present gov
eminent has repudated these issues.
If stable form Of government is es-
tablished in Russia, one friendly to the
Allied powers, an attempt might be
made to pay these loans, secured in a
friendly country. The principal of the
two issues amounts to s75,0O0,oOO. TIE
only hope. therefore is that the pres
ent government will be overthrow and
substantial, though possibly less
"modern.' form Of government cstab-
lished There is little choice between
the two issues. We should say that
the riskss no greater than in purchas-
ing many oil stocks.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-12-28
Much Interested in Stocks

Questioa.I notice that in all comments
on the railroad stuato. 1t IS conceded that
II Congress enacts favorable legis a ton the
railroads viii benefit. Is it not 50 that
great many OF tue railroads are not earning
their dividends. but through governmental
control their dividend, are guaranteed? If
this L. 50 Will it not be that when they as
sumo their own management they will BE
handicapped until their earning power is in
creased presume this means the spending
OF large amount' OF money, with CORE
spending decrease in the price of the stock
al least for the time being. Would you
kindly advise what two railroads would be
good buys from conservative standpoint >
Do you presume the coppcrs have discounted
the situation that is existing at the present
time Would it be a good thing to buy
copper stocks now for long pull? II So
would you mention al least two? Is Wabash
common too speculative for any comment :?
Is City Service preferred good investment
Is Coca-Cola a good speculation W L. r
Answer.-Most Of the railroads OF
the country are failing at the present
time to earn their dividends The gov
eminent does not guarantee dividends
in any case. It took a three-year aver
age of net earnings and was willing to
sign contracts with the various roads
on that basis. The payment of divi-
dends rests entirely with the various
boards OF directors. Undoubtedly large
sums o. money will have TO be spent BY
the carriers, and the only way in
which funds can be secured is tc dem
onstrate. by legislation and the grant
ing of increased freight rates, that the
policy of the government is to give the
roads square deal. Then the securi-
ties OF railroad companies will in all
probability become more attractive
than at present Union Pacific, Chesa-
peake & Ohio Southern Pacific and
Atchison are a. present earning more
than. or nearly as much az. the govern
men% guarantee. Pcro Marquette is
earning more and. having been recently
reorsanized may prove to be a system
kaf H. lt01.lc, Ia. -:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-12-28

Question have several shares of Pierce
Arrow common, which ] purchased around
500. While know that same is more or less
speculative. would like any information re-
gardinS present earnings and future pros
poets. or, In fact. any information you have
at your disposal.-W. j.
Answer Current cary nss of Pierce
Arrow are running at tse rate Of about
$50 on the common stick. The COM
nany's prospects appear promising. al
though there has been so much specu-
lation in the stock that it probably has
been selling above its real value Sew
eral stories were current regarding
buying for control which may have &C
counted for the bidding up Of the stock
although nothing eventuated in that re-
sDect
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-12-28

Question-Wid Won kindly give vour
opinion or some information regarding
Great Northern Ore certificates r. w \
Answer-The Great Northern iron
ore properties are in effect A trust. re
sulting from the consolidation Of vari-
Gus iron ore properties and other lands
by virtue of resolutions adopted By the
directors Of the Great Northern Rail
way and approved by It's stockholders
Certain properties we're turned over TO
trustee These properties. the stocks y
which are held by the trustees. control
by ownership or lease 65.091 acres Of
land IN the Ncsaha IRON and orc dis
trlct IN Minnesota. estimated at the
creation OF the trust 10 contain about
ooo.o .000 tons OF ore There were
issued on December +. 1905. 800. 900
shares. OF no par value to holders %
stock of the Great Nohtrern Rail
way, on the basis of one certificates
for each share of Great Northern stock.
In August, 1907. lease was made with
the Great Western Mining Company,
guaranteed by the United States Steel
Corporation. covering 80 ,295 acres. On
January |. 1915. However. this lea So was
terminated. The amount Of income
available for the certificates in l9iS
was S4.522, 503 the largest amount IN
many years. However. on account o.
the large surplus available So D0C .0Op
was actually distributed. the total sur
plus al the end Of that year being
$500 21s. There is no stated dividend
policy. Earnings from ore land leases.
practically the only source Of income
are estimated 10 be sufficient to nav & |,
snare annually on the certificates.
Large sums have been spent in devcl-
opment work, aud the property IN con-
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-12-28
Picks Oat Speculative Issues

'9nestion-l wul b. seea'ly obliged il you
MI give me yoe4 opinion of The value and
prospects Of the following stocks: ~ In
,pIration Copper. - American Locomotive.
90 American Car and Foundry. % Mid
Naie steel Would iitiie money divided
among these stocks ze Il good and reason
ably safe investmen, a X f
Answer-W We do not think the stocks
YOU have chosen represent the kind az
investment you are seeking. The div
bends are subject to change in accord
ance with the earning power of the
companies or with the ideas and views
OF their directors. All are speculative
N varying degrees. American Car and
Foundry has always been a we'll man
aged, conservative corporation. bus
even IN that case the common stock
should not be classed as d sound in
Ncs'ment' though tho preferred an
pears 20 Dc IN shat class. The othc-
renpan.o arc nero no~tlative All
hll' Tho ~et1fe - p~.ran, l. -
''FN "a as'la';'e .hs' no ire~,..e -, !,
lacking
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-12-28
Republic Rubber CORPORATION

Question own 000 shares Of Rcpublic
Rubber stock d; ss4. l have of late not
been able to get any information about this
company. and would inquire whether YOU can
give me your opinion TO the ssibities
Of this concern.-E T.. X.
Answer-It seems best to wait until
the Republic Rubber Corporation issues
an income statement covering opera
tons for the year now drawing TO d
close before trying to form any opinion
regarding the common stock The com
pany is said to have done better this
year. but whether dividend pros poets
for common stockholders have bright
ened any cannot be determined al this
time
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-12-28
Financial Items

Coal and Iron National Bank mas beer
s,,ooIntad transfer agent and registrar OF
ne stock q, the Columbian Emerald syn
d.ca,e. Lid.
T q Hofter formerly associated with
he Humble Oil and Refining COMPANY
has been elected president OF the fehs
land oil Company,
IL II. Galineer K Co. have opened an
unlisted securities department 70 deal IN
stocks bonds and notes. J. II Dickinson
VIII b. associated with the hrin
William Constable and Kenneth l..
Fleming have formed the firm OF Con
sta BILE & Fleming, with offices at ~ Broa q
way 10 conduct general brokerage ous1-
meas in investment securities
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-12-28
National Railroad of Mexico

Que ton-k indy give your opinion on
The advl'ahity 81 investing at the present
time In National Railroad Of Mexico second
preferred. y X
Answer SO much uncertainty exists
regarding Mexico that to comment upon
the prospects of the second preferred
stock of the National Railroad would
be unNise. Many people purchase Sc
curlties when the price appears to re-
feet the worst condition Of Il company
on the theory that the worst is known
and has been discounted For that rea-
son only does there appear to be any
basis for the purchase OF National
Railroad stock
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-12-28
Trinity Oil Corporation

Question-The writer would like your opin-
ION of the Trinity Oil Corporation. of For
Worth lex. whose stock Is now being traded
on the New York Curb at 81 AS am re
quested to buy same. 4. II.
Answer-The Trinity OIL Corporation
- recent organizat and it is there
fore difficult to give you much of an
idea of its prospects In purchasing
the average OIL stock you are in for a
speculation and we cannot advise you.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-12-28

Allied Oil

Dues toni have a lot OF Allied Oil stock
ION New York Curb. bought at slo5 a
share. The stock is now selling around 80
cents share What is your opinion of this
stock u. A. W.
Answer-It is very difficult to give an
opinion on the average oil company.
The Allied Oil Company stock was floai-
cd at time when speculation in oils
WAS rife. and many who purchased il at
high figures now desire to know what
its prospects arr. Amos AL coinranise
engaged exclusively in thc product or
Of oil are very speculative. This COM
pany . no exception. It's prospects are
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-12-28
METROPOLITAN $ to 50 Cents Stores


Question would be thankful for irfor-
nation concerning the Metropolitan to 10
Cents Stores. OF which l bought some shares
from H. W Dubriskie E. Co. brokers, in tie
Singer Building. Do you think the price
paid for the preferred at 700 and common at
so fair p. c. P.
Answer This concern is now oper-
atins more than 100 chain stores IN
various sections of the country. over
twenty of them. being located in New
York State. Latest reports show that
the companys sales have almost dou-
bled this year. The profits last year
were in excess of the preferred divi-
dend requirements By liberal margin.
The promoters Of the company, now
ever, have shown great deal Of energy
in captalizing both present and pros
pective earnings by the sale Of new
stock.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-12-28

Question Two Years ago ! bought A srna' /
block Of stock Of the Air Reduction Company.
Inc. and am now considering buying moro.
enclose 4 statement recently received Ant /
will te greatly obliged if you viii give r,t
your opinion OF the stock d an nsc strlcut.
from the statement. and any other inforrna-
ton you may have available. It looks good.
but | am not able to Judge with certainty.
r r. H.
Answer-Air Reduction Company IS
apparently a well managed concern.
There IS growing demand for tho
company's products and the stock may
be considered good speculative invest
ment.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-12-28
Planning to Invest $4,000

Question shortly after the first Of the
year | expect TO invest fund OF approxi-
mstely $4,000. Safety IS to be- considered
primarily. although it is my desire To procure
the highest yield offered under presd8t mar
kct conditions. Am considering United
states Steel preferred and U1ted States
Rubber FIRST preferred. Could you givs me
any irfornla floa on Strauss mortgage Ger
tihcates". Arc they in bond form and can
they be easily hquidated 7 N. :.
Answer A. the present time the fol-
lowing stocks on account Of their man
agement and earning power appear to
offer good investment opportunities for
one who is aole to keep in touch with
affairs: United States Steel preferred.
United States Rubber preferred, Cen
tral Leather preferred Virginia. Caro-
Ina Chemical preferred. Railway Steel
Spring preferred. National Lead pre-
terred. Standard OIL Of New Jersey
preferred. Republic Iron and Steel pre-
erred American Sugar preferred
American Car and Foundry preferred
and American " ooien preferred The
Strauss mortgage certificates have
never met with a default The bonds
are not listed but we do not believe 1t
would be difficult to find market for
them
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-12-28
Russian Bond,

Question Russian govern So and
So rev cent bonds now selling or quoted
a around IS t, 40 What is YOUR OPINION
az to the ultimate safety Of principal and
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-12-28
OF THE CITY OF NEW YORK
THE MERCHANTS NATIONAL
BANK Of The CITY OF NEW YORK

NOTICE Is HEREBY GIVEN that =
hpcsiai needing OF the stockholders OF
ms Bank VIII bc held at its office, No. "a
" all street NV York, on January 10.
l2~N At one 'clocA +. NJ Immediate
sittr the close of the regular election OF
directors. tor the purpose OF voting on \
proposition 10 uquidate the Bank as 3
National Bank and of authorizing in writ
inx lie Directors 20 execute certificate
- organization state BanA
CURED b. tho New York Banking Law,
sHd ,o take, and To authorize the Direc-
iors to take such o.hcr action "a may be
.ecessary 10 cause its liquidation as \
National Bank 10 become effective, ard
10 corporate existence as state Bank
20 beg In, and to transact such further
business as may come before tho meeting
b order OF tll- Board OF Directors
q. T.. PAINTER. Cashier.
Dated. New York. December Is. 1si.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-12-28
IHE I\NI tK> SURETY COMPANY
or NEW YORK

4, Cedar Street. New York.
The annual meeting ot the stockholders
~ tNis Company Will b" h"td st IT, office
on January g. 1920. at - NJ. for the cleo
ron 90 Directors and the transaction OF
such business as may come before it
y. VAN TAMBACtlT. -Acts. Sec y
okFSSON & ROBBINS. nc, -
Fulton st. New York cry. December
.. lsla. The regular quarterly dividend
~ s. per cent viii be paid January =
ago TO preferred stockholders OF record
ar 3 7 m. December 20. 1919 Irving
Mckesson. treasurer.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-12-28
DIVIDEND NOTICES
BRYANT PARK BANK

N'N York peceW boy "a. ia1a.
fro Road Of Directors has declared q
trruel dividend OF tierer pc cent.
I'D ru "~irs div i'd nd ot two per cent.
tasi abb Jtu. y. 1920. t. Stockholders Of
y r GTrsr Cashier
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-12-28

said to be bright. 1t would appear that
the capitalization is rather out Of pro
portion TO what the company has. but
that does not necessarily mean that It's
earning power is not good. The com
pany has development plans which. If
carried out. should result favoraby.
Perhaps II the general market develops
moro strength this stock viii move
along with the list. but that - some
thing for the future to demonstrate.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-12-28


more or less discounted She depressed
condition OF. the metal market but
their position is still too speculative
Tor US to name any specific issues for
purchase. Wabash common may join
IN whatever advance would take place
in the general railroad list, but the
stock appears TO be far from dividends
Cities Service preferred is entitled to
good investment rating. oca-Cola's
earnings are said to be very large, and
with prohibition an actual fact the pro-
duction is said to be fast increasing
Anglo-American Oil
Question-Would you please give me what
Oil and National Transit STANDARD Oil
stocks ? | nave seventy shares National
Transit. original coat S45 per share. Have
been advised to buy some. more and also
stock l have been carrying for about FIVE
years. Would you advise n widow to invest
about Sl5, 900 in either OF above? She owns
like amount in Liberty bonds-L. II.
Answer-Anglo- American OIL which
does the largest business in the United
Kingdom, has shown large earning
power over period OF years. Its man
agement is efficient. and while the
stock is more Or less speculative, it is
attractive in a way on account Of its
large yield. Nationa! Transit, a for
mer Standard Oil subsidiary, showed
earnings for 1918 equal to S3.1s share
on its s6.362,500 capital stock The
company pays regular dividends of 81 a
year, and this wear has declared in ad-
dition. dividend of So The margin
over dividends is hardly sufficient to
warrant the stock being placed in the
investment class. We do not think
that either stock is the kind for the
investment of funds for one who is de-
pendent upon the income therefrom.
Ajax Oil-MidvaIe Steel
Cues, oD--Would you advise buying Ajax
Oiy What can you say for Midvale Stee :,
II. L. D.
Answer-The present production of
Ajax Oil is said to be 5000 barrels a
day. The company was formed in July,
1919. 1t began paying dividends in Sep
tember on the class "a" shares. The
total capital is S4,5O0,000. We cannot
tell whether it is a good buy and we
do not advise regarding speculative Sc
curities. Midvale Steel offers an at
tractive yield at present prices and
earnings are said to be ample to care
for dividends. The stock moves with
the general list in Sper,lia+ive NOV
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-12-28
Bonds

Unlisted. 3Sell cents per share.
The Lynden tribune. [volume] (Lynden, Wash.) 1908-current, 1919-08-07
MILDLY BLOUSE SPECIAL

AS we are bound to stand by our
old policy, never to carry an article
over from one season to the next
when it is apt to go out of style, we
are placing about $50 MILDLY blouses
in different styles, colors and sizes
on sale at less than half of their real
worth. These blouses sold regularly
at from $3.50 to $2.75 and they all 60
at the one price Of $1.19 while they
last.
The evening herald. [volume] (Albuquerque, New Mexico) 1914-1922, 1919-11-05
H. l.. Hall Chairman
of Christmas Seal
Sale in Rio Arriba


". L. Han Of cAama has accepted
the chairmanship OF Rio Arriba
county for The Red eros seal cam
gaign. which Will begin December 1
to continue titl midnight OF uecrni
ber 10. Mr.. Hall has nad mucn ca
neriencc IN the conduct u drives %
vnrious kinds for the rasi two years
aud the managers OF mo campairn
for tho state feel mat under Mr..
Hairs direction the campaign 40 far
~ RIO Arriba county IN concerned ~
Ia particularly good hands.
George ~ Clemens. publicity a.
rector OF the campaign, returned to-.
DAY from a To-day trip which covered
Mckinley. a Juan, Rio Arriba and
Taos counties and reports having met
with splendid success IN the northern
and northwestern counties Of the
state.
There Is a general feeling on tho
pnrt OF the people or MT parts Of tho
state, thus far visited" said MIR.
Clements, that the night against the
spread o. tuberculosis and Tor thu
safeguarding OF the public against
MI ~preNcntahle disease should De
The evening herald. [volume] (Albuquerque, New Mexico) 1914-1922, 1919-11-05
SAYS MINERS ARE

INDIANAPOLIS. Ind. Nov. 5.-As-
sectinE hat only n side u the coal
strike N being placed before the pub
tic and hat the miners officials arc
oheyane Judge Andersan's restraining
order 10 the letter. Ellis Searles edit
tor OF the Mine Workers Journal, ~
sued the following statement today;
Letters and kilograms from news.
papers and periodicals throughout
the country have been received AZ
headquarters of the United Mine
Workers. requesting information n
regard TO the issues involved IN the
controversy between the mintery AMI
the operators. However. u might be
claimed that the federal court in1unr-
tion, issued NJ the request OF the gov
eminent. prevents the miners from
presenting their side OF he case %
the public at this time. The miners
ere obeyiag this injunction to the let
ter. and under these circumstances
the pusiic can only FOR mits own cor.
illusions. n base It's judgment upon
the evidence presented by one side
through the public press
The evening herald. [volume] (Albuquerque, New Mexico) 1914-1922, 1919-11-05
Lieut.. Gov. Pankey
Here for Work as Red
Cross Seal Chairman

Lieutenant Governor y. r. Pankey.
state chairman Of the Rcd Cross
Christmas seal campnign. was In Al
buquerque today IN connection with
the completion Of the state and
county organizations Tor the drive.
The governor viii devote much OF his
time 70 this work from now until the
close OF the campaign on December
10.
This evening Mr.. Pankey Will leave
for las Cruces TO attend a meeting
of the executive committee OF the
New Mexico Cattle and Horse Grow
ers' association. While there, he viii
confer with W. a. Sutherland. chair
mar Of the seal drive for nona Ana
county. He Will 20 from Las Grucea
10 Clayton. whore he Is TO address "a
large gathering on the allied church
movement nest Sunday afternoon n
h probable thai he will speak AT q
Clayton church on the seal drive in
the evening. He has an invitation 20
The evening herald. [volume] (Albuquerque, New Mexico) 1914-1922, 1919-11-05
EIGHT TEAMS OUT
TODAflH DRIVE FOR
RED Cross FUNDS
Collections Will Be
Checked Tomorrow;
Further Canvass


After a meetiag 81 'he workers IN
the f.td Gross drive Tor funds 10
carry on the local postwar work u
the ned Cross al the n. n. c. A. AZ
4 O'clock today, eight committees sSt
out aEain 70 canvass tie town for
money.
rafl o. the business district Of the
town was covered IN the first days
drive. bus the contributions were 70
NV that the same people were 20 be
solicited again. a complete canvas
u che residence districts was also
made
ASKER shis afternoons drive there
will be no ~canpassine tomorrow. The
ccmmifteemep will meet a. the Y. N.
&. a. and check W The results Of their
efforts. Then II The goal IL not YET
reached IN IN Rel Cross funds an.
other campaign villa be launched
Organising the county fof the roll
call h On charge Of the Rev. Winfred
zelrler. Last night Mr.. zeigier, ID
~. Boyd ana Nesfor Monf0ya held =
meellnT al Alameda ane appointei
the following fommitter, Mrs. Car.
lolita :. Sanchez chairman. hafnel "
Sens, vice chairman: Thomas @. 0pn.
anief. Onntiano uutierrex. l.. kcmpen-
ich. Juan Chaves. Mrs. fgnacita RO.
mere. Mru. OliveFos Perea and Prim'
1.-Two Lucuro.
TNo meetings were held today. on,
In Los GrleKos by Robert y. pletE and
~. H. Garcia. and the other at Lo'
Padlilas BY AIR. zeieler and Nestol
Montoya.