davidaulloa/AmericanStories huggingface dataset:
New-York tribune., 1919-12-21
= Interborough- Metropolitan
Advance-Rumeiv Co.

Question: would appreciate any
information you may give concerning
Advance, Rumely common, Sweets Com
pany OF America and American Ship
and Commerce. NJ. L.
Answer-Advance-R Company,
reorganization of the NJ Rume!y
Company, was Incorporated December
Is, 1915, succeeding to the business,
property and assets of the latter COM
rany for consideration of $500 900.
A new sales company, the Advance
Rumely Thresher Company, succeeding
the Rumely Products Company. was
also purchased for s 1900, 600. The cap
ital, securities and liabilities of the
old company were exchanged for secur-
tiles in the new company, the present
capitalization being Sl,545,GG0 per
cent sinking fund debentures, due De-
cember I, l925-Sl00,00 to be pur-
chased annually 20 and including 1920
and 100000 annually thereafter at not
exceeding l02 !. and interest. Sl2,500,-
900 per cent Cumulative after Jan
uary 1, 1919 preferred stock and SIS
100000 common stock. both S100 par
The company manufactures kerosene,
gasoline and steam tractors, grain and
rice separators, plows, fuel and water
tanks, etc. The initial dividend of !.
per cent was declared on the preferred
stock January 30, 1918. The income
account is published but once a year
For 1918 the indicated earnings were
9.51 per cent on the preferred and 3l9
per cent on the common issues. Net
working capital on December g. 1918,
was S14,l4S,7l3. There is said to be a
growing demand for the company's
products. 1t was stated, too, in June
last that sales were SS.50O,0O for the
first five months of 1919, an increase
Of 100000 Cover the corresponding
America was Incorporated in June.
1919, to acquire the property of the
old company of the same name. 1t
manufactures toosie rolls and the
Lance cough drops. 1t has a factory
on West Forty-nfth Street, and also
one on West Seventeenth Street, New
York The latter factory, which pro-
duces cough drops, operates only from
September to March, as this product
can be manufactured only in cold
weather. Capital stock is $4,000. 900.
par $40. No funded debt. 1t has an
agreement with the Schultz Cigar
Stores, F. w. Woolworth, Union News
Company. United Cigar Stores, the
metropolitan Tobacco Company and the
New Jersey Tobacco Company for the
distribution of its product. 1t was un-
officially stated recently that earnings
are running at the rate of s13.500 a
week. Shipments for the year to Oc-
tober l, 1919, showed a gain of $780,
600 over 1918. American Ship and
Commerce Corporation is a holding
company incorporated July Is, 1918,
with an authorized capital of 1880 eco
shares of no par value, of which 46l SIS
shares have been issued. The company
plans to invest in and hold stocks
principally in steamship, shipbuilding.
import and export companies, etc. It
already owns a two-thirds interest in
the William Cramp & Sons Ship and
Engine Building Company, and also
owns the Kerr Navigation Corporation.
which company owns eight steamships.
There has as yet been no statement of
Ia come, which will consist Of what
New-York tribune., 1919-12-21
Likes Railroad Stocks

Question: have some money which
wish to invest in "a good railroad
stock and have been thinking about
Canadian Pacific, Pennsylvania Rail-
road, Atchison and Union Pacific Is
each of these roads earning IT'S pres
ent dividend and what are their future
prospects ?-F. +.
Answer-Following are the actual
annual earnings based on nine months
of 1919: Union Pacific, 1916 per cent,
against 1851 per cent guaranteed.
Canadian Pacific, 1898 per cent.
Pennsylvania, nil, against $50 per cent
guaranteed. Atehison, about S.54 per
cent. against 10 per cent guaranteed.
Many causes may enter into the diff.
ficulty certain roads have Of doing
we'll under government operation.
There is diversion of traffic. for one
thing, since the carriers are being op-
Grated as system and reak results are
not known. All the roads sen naention
New-York tribune., 1919-12-21
St. Paurs Dividend Prospects

Question May | trouble YOU to ad
wise me whether shareholders OF Chi
cago' Milwaukee & st Paul Railway
preferred and common stock. may ex
pect dividends in respect of 1918 an,
1919 operations. when the United
States Government pays the agree,
amount for their use during the perioe
of government control? Do YOU con
slider Chicago. Milwaukee & ST. Pau
preferred stock an investment o.
speculation r H. J.
Answer-We do not anticipate divi-
dends on either the common or pre-
ferred stocks of the ST. Paul in respect
of 1918 and 1919 operations. At pres
ent the road is doing very badly and
we doubt if the directors will make
any payments to stockholders. or
course the future may change things
greatly. but the road must do much
better than at present TO warrant pay
ments on the shares. The preferred
stock unaer the circumstances is &
speculation.
New-York tribune., 1919-12-21
Southern Pacific Stock

Question-With reference to the re-
cent announcement in the Southern
Pacific oil land case, an expression of
your opinion is desired as to how high
Southern Pacific stock may advance
during the next several weeks, as af-
iected by The above announcement
J. II. B.
Question-Undoubtedly the present
price of Southern Pacific stock is due
to the favorable oil lands decision,
which the government has decided not
to appeal. This stock sells far higher
in proportion to dividends paid than
any other railroad stock, with the ex-
ception of Reading. AS an actual Garner
passed on railroad returns, Southern
Pacific is no better than Atchison, vet
the stock sells 20 points higher. Very
high figures have been quoted for the
real value of Southern Pacifc's oil
lands, but in depressed stock market
the good stocks usually decline with
the others. We should say that to-day
Southern Pacific is selling at least 20
points up OF account of its oil lands
apd that the stock will follow the gen
eral course of the market
New-York tribune., 1919-12-21
An Investment List

.Question-You have given such good
advice to several people l know on
stocks and bonds that l have written
to you for some advice also. l have
about $4,000, left to me by my parents,
which | would like to draw interest.
would like it divided into several
stocks, or non-taxable bonds, which
would yield me about per cent on my
investment.-W. T.
Answer-Among the following list
of stocks and bonds you should be able
to find what you require to yield you
per cent or over: Atchison, Topeka &
Santa Fe Railroad, adjustment per
cent. 1895; Chesapeake & Ohio Rail-
road, general 4I2 per cent, 1899; Chi
cago, Milwaukee & St. Paul Railroad,
general 4I2s. 1889; United States Steel
preferred; Central Leather preferred;
Standard Oil of New Jersey preferred:
United States Rubber preferred;
American Car & Foundry preferred.
New-York tribune., 1919-12-21
Delaware & LackaManna

Question-Do YOU consider Delaware,
Lackawanna & Western good invest
ment for 81 600 at the present price
Is the 20 per cent dividend due to be
cut or do you think it will remain .
W. S.
Arswer-Delaware, Lackawanna &
Western is one of the best managed
railroads in the country and together
with it's valuable coal properties, offer
a good investment opportunity. We
cannot tell, of course, what the divi-
dend policy of the company will be.
Much depends upon what kind of treat
ment the railroads will be accorded in
the future. The dividend policy has
always been conservative and, given a
square deal, the company, we believe,
should be able to maintain present
payments.
New-York tribune., 1919-12-21
Inc American Agricultural
Chemical COMPANY

New York Dec II. 1919.
haIs quarterly dividend OF one and one
SOL. per cent q Il Te) on the Preferred
s,,'-so9t oN or this Company (No $50 and a
~ ""ruAFSrriy dividend OF two per cent {2%)
Gscia d., Sns Common Stock (No. $50 have been
stocate. taste1. payable January is. 1920, TO
,niolders or record at the close OF
0uS'"eSs on Monday. December 90, 1919.
THOMAC A. DOE. Treasurer.
New-York tribune., 1919-12-21
Makes Poor Investment

Question: bought 100 shares of
Interborough Consolidated Corpora
tion preferred about three weeks ago
at 1888; now they are 11M. I am no
man with means. I put just savings
in this stock. What is the trouble
with them? Would you advise to hold
them or take loss ?-P. s.
Answer-Interborough Consolidated
Corporations preferred stock, even
when 1t was fortunate enough to re-
ceive dividends. was not q good In
vestmeat Ia any sense. The company
New-York tribune., 1919-12-21
Song of the Siren

Question-Will you kindly tell me i
you consider the stock Of the Firs
reople's Trust as described in the in
closed circular safe and sound in
vestment! What in general do yo,
think OF the securities offered by H v
Greene Company &C. N. M.
Answer-We have read "Grecne,,
Financial Bulletin" in which tn,
shares of the First Peoples Trust be-
ing offered to the public are described
and are especially interested in tha
marvellous bit of financial literature an
pearing ON page 2, which reads az fol
lows:
YOUR GOLDEN OPPORTUNITY
AR; Marching Through Georgia
- by Warren p. Hough
1--WE bring to you the Greene Idea.
the world has needed long,
A golden opportunity, that helps
mankind along,
Twill brighten all your pathway fill
your heart with Joy and song.
If you will join Greene's vast army.
CHORUS
"Come on, Get in, and YOU will have
the dough,
Sign up, Cash In, and see your money
grow,
You can be money king, no matter
where you go,
IL you will join Greene's vast army.
1T gives emancipation from the old
time four per cent,
Giving wings to all your cash that
you have out to rent,
Makes you independent, never broke,
or badly bent,
If you will join Greene's vast army.
THE earning power of money should
appeal to you and me.
Why let the other fellow make ten
bucks to your three?
You can do the trick yourself II you
will only be
One of the II. V. Greene Army"
1t Is long time since we have reat
such thrilling invitation to investors
There are many lines in this poem
which appeal to US strongly. The on,
that seemed most touching was in tn,
second stanza. beginning, "Giving wing.
to all your cash" We note in anothe
column of the bulletin that "King Wal
Street will eventually walk the pIanI
after other crown bedecked brows-
and the Greene Light illumines tn.
way" Wall Street little realizes wha
danger 1t Is in. If only it knew per
maps it would resort to poetry in tim,
to prevent the grim tragedy that is 81
touchingly set forth in the above QUO
tation.
New-York tribune., 1919-12-21
A Prospective Investor

Question-Do you think one can make
quite some money by buying Baltimore
& Ohio preferred. Brooklyn Rapid
Transit, Brooklyn Union Gas, Keystone
Tire. Manhattan Elevated and Pennsyl-
vanla Railroad at the present low
prices? Do you think they will go
lower? Do you advise buying the men,
brokers who will buy as few as ten to
20 shares for mel. A. S.
Answer--We cannot tell whether or
not considerable money may be made
by purchasing the stocks you mention.
All are speculative. The railroad stocks
future depends upon the legislation to
be enacted by the Congress. If the car
riers are given square deal the stocks
should enhance in value. Brooklyn
Rapid Transit has hard row to hoe
1t is not likely that it will emerge from
receivership for some time. The stock,
we believe, is therefore a gamble
Brooklyn Union Gas, whose dividend
was recently passed, has shown poor
to draw upon surplus for dividends on
several occasions. The stock at present
prices has probably largely discounted
the unfavorable conditions. and appears
to offer speculative possibilities. Man
haitian Railway is not earning its
dividend, which is guaranteed by the
Interborough, and unless the traction
situation in New York City changes
for the better there is grave danger of
the lease being cancelled. In that event
the Manhattan would be operated sepa-
rately, and it is doubtful if the situa-
tion would he any better under those
conditions. Keystone Tire, while show
ing fair earning power, nevertheless is
[. nAf af md Il 90
ommend speculative issues. Consult
any New York Stock Exchange house
whose advertisement appears in The
Tribune
New-York tribune., 1919-12-21
'NohhWOOD COMPUTING MACHINF

cs New York. December II, 1919.
,voon ne Board OF Directors OF tho Under
oo computing Machine Co, Inc, this
.r ueciAred a dividend OF one and three
rsi,as aat,ers per cent fs) on tho preferred
IN -, STOCK. payable January l. 1920
oeAnoiders OF record at the close OF
NuA'hess December 20. 1919.
w. L. DENCH
Secretary.
New-York tribune., 1919-12-21
Interborough- metropolitan Bonds

Queston-Could you tell me the sta
tus of the Interborough- Metropolitan
Az per cent bonds and how would
they be affected if the Interborough
goes into a receivers hands? Would /
ever get anything for them if l held
them for years? Is there possibility
of their going through the reorganiza-
tion without being touched M C.
Answer - Interborough- Metropolitan
~ per cent bonds are secured by de-
posit Of Interborough Rapid Transit
stock in the ratio Of one share of stock
for each 5000 bond. When the Inter
borough Rapid Tranit passed its divi-
dend there we're no funds to pay the
interest on the bonds, as it takes at
least per cent on the stock to meet
interest charges. If receivership
came about for the Interborough there
would probably be a rcorga nization and
the lnterborough metropolitan bond
holders, who really control the proper
ty. would have to go through reor-
ganization. This might mean an assess
ment, but the situation is so uncertain
we believe it best to wait few weeks
to see what comes to pass.
New-York tribune., 1919-12-21
Livingston Refners

Question: purchased some Livings-
ton Refiners stock at the subscription
price Of 9&. Do you think it wise to
hold on to this stock, or sell at the
present market? Would YOU SUCCESS
my selling this stock and purchasing
Livingston Oil in its place ?-F. W. W
Answer-Livingston Refners Corpo-
ration, incorporated last August, is
largely prospect. 1t purchased frcm
the Livingston Oil Corporation all its
pumping stations, seven miles of pipe
line and five tanks, with a capacity Of
oo,00O gallons 1t is constructing its
own refinery. The company. has CON
tracfed to purchase from the oil cor
porafion such oil and gas as it NAV re-
quire for the next five years. Esti-
mated annua. Profits are given at So.
4oV,CoC, and after preferred dividends
and sinking fund requirements, n hal
ance of $4,000 for the common
stock, equal to $3.48 a share on 500. .cCs
shares. If you believe in the compary,s
ability to accomplish the above. then
1t would probably be well for Won to
act accordingly. Livingston Oil. ALREADY
dividend payer, y said to have a
promising future as oil producing com
pan1es go. but both propositions appear
10 US to be very speculative.
New-York tribune., 1919-12-21
Ha skell & Barker

Question: hold Haskell & Barker
How do you regard it as to its business
outlook and stability as to its present 4
ger cent dividend? Would the placing
Of the rails in position to equip them
selves strengthen the position of Has
kell & Barker r?-F. /. B.
Answer-Haskei l. Barker is a we'll
managed corporation, and unless an in
dustrial depression sets in should be
able to maintain its present dividends.
They should benefit greatly from the
railroad equipment orders which it is
expected will be placed in the near
future.
New-York tribune., 1919-12-21
Safe but Not Profitable

Question-Will you kindly explain
the possibility of losing, or manner in
which brokers WOULD handle the fol-
lowing transaction, Buy outright ten
shares of General Motors, $3.50, and
at same time sell 1Co shares of Gem
eral Motors new issue, when issued. on
the curb, netting $1,000. The stock
purchased outright could be delivered
as margins on short sale. could it not
And would it not be deemed sufficient
margin, no matter how high the new
stock rose, for in the course Of time
one would Offset the other? Kindly
give ME your opinion on the advisa-
bility of such transaction.-C. R. c.
Answer-It seems as though any
broker would be willing to make the
transaction as you have outlined it.
The sale of the stock ON the curb could
be contract and your ten shares of
General Motors stock would protect
you. But we do not see how you would
make fortune by the transaction.
New-York tribune., 1919-12-21
Great Northern

Question-For an investment houqh4
Great Northern preferred at Ss7 ner
snare. | did not investigate the stock
thoroughly at the time. Now il is sell
ing around $50 per share and friend
nave advised me to sacrifice NV STOCK
at a loss, as the company's reports fo,
1918 and 1919 are very bad and the
STOCK probably will go much lower
would you advise me to retain the
STOCK, which pays per cent dividend
on par 'ue Of 500 per share. or
are present indications that the divi-
dend will be discontinued and the
stocks go much lower Il. II. R.
Answer-lt is difficult to answer vour
question Great Northern has a long
dividend record and has always been
wen managed property. OF course.
most OF the carriers are doing badly
compared with their performance be
!cre tne government took them over
bnt Great Northern does not aDpear +,
nave suffered as much as MANY others
Inc guaranteed income amounts ta g. "a
per cent on the stock. IN 1918 the ac-
suai earnings applicable to dividends
was only 80 per cent. against 924 per
cent in 1917, but for the first nine
months Oh 1919 the net after taxes and
rentals, but before interest charges
was Sl0,0Si.lS4. against S7.020.sI2 for
the like period in 1918. Every thing. OF
course, depends upon what legislation
viii be enacted, but we are inclined fc
the belief that no bill viii. be passed
which Will rob a road of its earning
power An Increase in freight rates
would undoubtedly mean continuation
OF Great NOTthern's dividends.
New-York tribune., 1919-12-21

are good properties, and we are Of the
opinion their prospects are brighter
than their recent past. for the reason
that we believe the carriers will. in
the final analysis, obtain a square deaf
New-York tribune., 1919-12-21

ever dividends may be received from
the Cramp company and the Kerr COM
pany.
New-York tribune., 1919-12-21
Foreign Govt. and Municipal Bonds
(Interest to be Addedl

Bid Asked
Anglo-Frcnch Extern IS, 1920 95M 95h
Argentine Intern 5s, 1915. .... 70 73%
Canada, Dom Of. SIS. 1921. 81 97a
do 1925 NEUTRALITY-SUSPICIOUS.. 92M 93h
do 1881 .................-.. 81 91A
Chinese Gov Hu Kug Ry IS, 1851 46 47%
Cuba Extern 5s. 1914. 4......... 907s 91M
do Extern 5s ser A. 1949. S3% 81
do Extern 41as. 1949.. IS 78
Dominican Rep IS. 1853. ..... 81
City Of Lyons 15-yr IS, 1884,. 92R 92M
City Of Marseilles 15-yr S., 1894 92N 92x
City of Bordeaux 1b-yr 6s, 1884 923s 92hs
City of Paris IS, 1921 ....... 92N 92A
Jap Gov 4l2s, sterling In, 1925. 76 77A
do 412s I'd series 1925. ...... rs IS
do As, sterling loan, 1881. -. 81 69A
City of Toxic IS. 1859. ......... 81 57T
U X G b & 5-yr 51ss. 1921. 951 95@A
do 3-year 51as. 1922. ......... 96as 961S
do 10-year 5 12s. 1929. ..... 95 951s
do 20-year SIPS. 1937........ S71a 87&
Mex Extern str 30 of '99. 1916. 35 397S
do Extern gold Is of '04, 1854 41T
New-York tribune., 1919-12-21
L. S. Steamship ComnanN

Question Would YOU please give me
any information you have regarding
y. S. Steamship Company. its earnings
and the likelihood of its going onto
dividend basis and whether you would
consider 1t d fair speculative invest
ment?-G. d.
Answer-The United States Steam
ship Company has sold to the United
States Transport Company all the yes
sells constructed or being constructed
at its yards at Alexandria. Va, and
Groton, Conn Original contracts for
these vessels nineteen in number. were
placed with the company by the United
States Shipping Board, but all this
tonnage has been bought back from
the government. The money derived
from the sale of these vessels had put
the company in better position to
finance its shipbuilding operations
The United States Transport Company.
which was organized by friends of {
w. Morse as an Independent concern
is said to have contracted to take over
and operate all the tonnage the United
States Steamship Company will be able
to turn out the next five years. The
company has not issued any financial
statement recently, nor has any action
been taken with reference to aivi-
dends. The stock, we believe, offers
only fair speculative possibilities.
Wants to Recover Loss
Question: have some Butte and
Superior purchased at So Can YOU
suggest any stock into which | might
exchange to recover this loss? For
example, Hecla Mining. Silver King Of
Arizona, Booth Fisheries, or any other.
E. w. VAN D.
Answer-Butte and Superior Mining
for the nine months ended September
30. 1913, showed net income of 1894. 1870.
against SoG1.sle for the like period in
1918. Each quarter thus far this year
Las been better than the preceding
quarter, and as the copper stocks gen
orally have been depressed. even dur
ing the rise Of other securities, it
would appear that the situation had
been rather well discounted. The next
move in the copper market we believe
viii be upward. As matter of fact,
the price of the metal has risen at this
writing We are inclined to the be-
lief that you would not materially i'm
prove your position by transferring
your present holdings into any Of the
stecks yos mention.
New-York tribune., 1919-12-21
Manhattan Elevated

Question-klndly give me lnforma-
tlon to the best of your knowledge
on the following stocks: Manhattan
Elevated. Why is this stock selling so
low, as the return is very high at the
present price? Would you advise buying
for both investment and speculation :?
What is your opinion on sugar stocks,
especially Cuba Cane common, for spec
uation? Is Keystone Tire good spec
ulation at the present price? Do you
think it will go lower? What is the
future on railroad stocks and also
Brooklyn Rapid Transit? w. A. W.
Answer-Manhattan Elevated is leased
to the Interborough for 999 years at an
annual rental on the bonds and 7 per
cent on the stock. The guarantee on
the stock amounts to $4,200,000 per
annum, and the interborough officials
have stated that the amount OF the
guarantee is not being earned. Should
the lnterborough fail to carry out the
terms of the lease the Manhattan would
probability the company would be Op-
Grated separately. 1t is a question how
successful that would be. Everything
depends upon the relief the INTERIOR
ough is asking for in the way of in
creased fares. If they get this relief
the Manhattan lease will undoubtedly
be carried out. Sugar stocks would ap-
pear to offer speculative possibilities at
this time. Since prohibition the con-
sumption of sugar has been greater
than ever, and the high price of the
ommodity, Of course, aids the sugar
companies, particularly those operating
outside the United States. Cuba Cane
is one of these. Keystone Tire and
Rubber stock showed S297 earned for
the first six months of 1919, or at the
annual rate of S5.95, against 1921 for
1918. The company is said to be ex-
panding and finds considerable demand
for it's product. The stock appears to
offer speculative possibilities, but spec
ulative only. We cannot forecast the
future of the railroads. We believe
that legislation will be such that the
carriers will get square deal. Brook
lyn Rapid Transit, unless relief is
afforded, will probably face a long
drawn-out receivership. Undoubtedly
the company cannot long continue op-
erations under present conditions
Everything depends upon getting to-
gether of the powers that be.