davidaulloa/AmericanStories huggingface dataset:
New-York tribune., 1919-08-14
Questions and Answers


will throw the light of such information
az is at its command on the investment
problems of it's readers. 1t cannot under
take to give advice on speculation. Qucs-
tions of general interest will be answered
in this column on Tuesdays and Thursdays
Only initials will be used. Others will be
answered by mail.
Address all queries. including a stamped
addressed envelope, to
FINANCIAL EDITOR. The Tribune,
154 Nassau Street, New York City.
Question-(a) Please furnish the
names of some reliable firms with
Offices in Newark who will buy and
sell stocks for you and give you infor-
nation about stocks. (b) Can you tell
me where else I can get information
about stocks? R. G. Fl.
Answer - (a) The following New
York Stock Exchange houses have
branch offices in Newark: Chisholm &
Chapman. Henry Bros. & Co., Post &
FIagg and E. w. Wagner & Co. Co
Your inquiry is not sufficiently ex-
plicit. What information do you want
and about what stocks?
Question - have held small
amount of United States Steel common
StOck Tor several years. Is the com
pany overcapitalized? "A II.
Answer-The corporation undoubted-
~ was Overcapitalized when it was
formed, but the directors have pur-
sued conservative policy in the mat
ter Of dividends and have put hundreds
of millions back into the property
thus putting solid assets back of the
stock. Some statisticians have calcu-
lated that the asset value of Steel COM
mon is greater than its market value
by wide margin. We do not believe
it is overcapitalized now.
Question-Do you regard the oil
stocks as safe investments? D. B.
Answer-Oil stocks as rule are
highly speculative, particularly so at
present. as the oil speculation appears
to have been overdone. and there are
many unseasoned stocks which are
selling at high prices.
QuestionIn view Of the uncertain
outlook for the railroads. do you think
had better sell my railroad bonds :?
j. l..
Answer Maintainence of railroad
solvency is now almost national obli-
CATION. and we believe that holders of
the bonds will be fully protected. no
matter what disposition may be made
of the carriers.
New-York tribune., 1919-08-14
Joint Stock Association
DALLAS. TEXAS

the business and assets or the old Else
mann Magnefo Compans'. The board r.
directors ot tho new corporation is corn.
prised OF Joseph A. Bower. Abran J. b
kus Jacob S Fsrlee. Franklin ). Jerome
Raymond r Jones. George e Nstthics
Horace A Moses Latham n. Reed and
william X. shaw.
New-York tribune., 1919-08-14

John +. moo. associated With the New
york produor Es-tanrs for THIRTY >
.earr tirst in~ssonsrr rnd later as
floor sup-rfnr-nd-nt. has r~,isn-r nfs -
ffco 70 accept "A position as ffonr rerr-,rn.
fstfve or IA. y sohNaffs re mem brrs
ot The New Nofh sfeeA E>char.o
New-York tribune., 1919-08-14

Ladenburg, Thalman & Co reocntiy
bought and have resold at i014 10 yiold
100 per cent $4,000 900 cuinulativc CON
vertbis per cent preferred stock or the
Madison Tire and Rubber comparv. in
corporated
New-York tribune., 1919-08-14
Breadth of. the Market

iesterday's trading lis. was made 40
OF 2aS different stocks, compared with
24l on Tuesday. Transactions approx
mated $4,000 shares.
New-York tribune., 1919-08-14
A Professional Opinion

market situation was summed up late
yesterday as follows: "The market
appears to withstand pressure exceed
ingly we'll but unless some big con-
structve factor dverts attention from
present difficulties we can hardly eX-
pect more than brisk short covering
rallies. There is just one development
that would lift the market out of the
rut and start it boiling again. That
would be movement on the part of
Congress to reduce the excess profits
taxes"
New-York tribune., 1919-08-14
Financial Items

F. Douglas Cochrane, ot Cochrane, Har-
per & Co. has been elected director OF
the Tex-Ken OH Company.
New-York tribune., 1919-08-14
The Mystery of Baldwin

Baldwin Locomotive advanced 6A
points Tuesday on .hc story that the
reorganization plan would probably
be announced this week. 1t declined
three points yesterday to 10. when
the story was denied in Philadelphia
dispatches. Samuel Nj. Vauclain, presi
dent OF the company, was quoted as
saying that he had no knowledge re-
garding reports about the company.
An anonymous director stated that "the
Street seems to know more about our
financial plans than we do. The man
agement has repeatedly denied that the
company proposed disposing of its
plant IN this city" All of which adds
to the reputation of the Baldwin Loco
motive as a mystery stock and helps
to make it one Of the footballs of
speculation in the stock market
Houses which have sent out word dur
ing the past few days that the reor-
ganization plan is near completion are
standing by their guns.
New-York tribune., 1919-08-14

Tho Eisemann Magnetic Corporation hs.
been incorporated Undsr the laws Of the
state of Nov York. and has taken over all
New-York tribune., 1919-08-14

Sub-Treasury. The Sub Treasury
gained s2,lS0,000 from the banks on
Tuesday.
Silver.-London, 5S7sd; New York,
sl.13; Mexican dollars, S71sM911sc.
New-York tribune., 1919-08-14
Market Without Trend

Professional traders worked stock
market prices to substantially higher
levels early yesterday. and then, failing
to attract following. turned around
and offered stocks freely, causing
general declines in the closing hour.
The market closed with an irregular
price range. An interesting feature Of
the session was the revival of pool op
erations in a number of the industrial
specialties. resulting in sharp advances
here and there in the list The stand
ard industrials and rails. however. eX-
cepting for an hour or two in the fore
noon. continued to move slugg silly
condition due rather to the absence
of buying than to any heavy selling
pressure, although for a time in the
afternoon offerings of Steel common
reached fairly large proportions.
New-York tribune., 1919-08-14
$2,OOO,OOO
Madison Tire and Rubber Company, Inc.

Madison Tire and Rubber Company, Inc.
Cumulative Convertible $50 Preferred Stock
Dividends '': : ;:: Ks. e.: :: Fl: + :.: g. " <. '""
Stock Stock % no s % S.e $780,
Compan hssn bondedm
] % SsS "s "a ; ..;a @ ss. % and ~ % Esq., business p % ~ ' % been s: [ ss
; sv%sss %ss" $ % T ss s S:ssf @ a ss' @ ~ sss. %
tubes and other rubber products Its will be conducted
%s @' POO @ 1ss s"d 1000 ube @ INITIAL also a ~ % seas%
s as % s % on % on e Of @ o and s % Sps Kans Sb % c %e
in the world Thus vii! continue and
profit growth hforov @ thirty years. 1 ~ ~ "' '
E@fSScS @ shs % five 1 s 1s % ~s with Of h The % ss & ssss @ pss @ ]
already have been bo indicate net earnings for the 1920 of
and three times the annual dividend requirement of this stock
s Ne 55 s OF o6 TE 19ck
s sheet @ @e JUNE 5 3d. & s % ws net ed % asset. %
eofso patents approx
mtely $3,437,492 1910 the o Preferred Stock
1919, by Appraisal full
for depreciation and exclusive of goodwill brands trademarks and all
c9HvaRs sSsa III @ aE n. . n M sSs sos &
of refenedSto
PREFERRED STOCK AND PREFERENCES: The Company
agf not create any otgag len or TO issue guarantee notes bond'
a 6ner eoenee h5 HAVING "ay one year
Stock ~ ~ ~ w. ~ ~
Price 0 "
to yied7
% the soA'na
The issue having becnd disposed
of, matter o reodon
Ladenburg Thalmann & Co.
STREET
New-York tribune., 1919-08-14

~ f.ou'~ underwriting nsrsrr& 81
noUrra f'It % 90 The S. aOe oee yer csn.
.rN. 4ie'.fH preferred st0ck % fhe - To-
cn@ and Cher icai torup parry. proce01s.
of which VII provide sor the crsctf.h !.
d "a new cr.e oven ard blsH furnace saAn"
fnow under construction
New-York tribune., 1919-08-14
Market.-LONDON,

London Money Market.-LONDON.
Aug. 13.-Closing-Bar silver 5S7s per
ounce. Money, 27s per cent. Discount
rates-Short bills. 7l6<a3i. per
cent; three months bills. 3lssG 5s
per cent. Gold premiums at Lisbon.
1000.
New-York tribune., 1919-08-14
Steel Earnings

Steel trade statisticians are already
making long range estimates Of the
United States Steel Corporations
earnings in the current quarter, which
ends September 80. The qua rter is
about one-half over. One estimate
puts net earnings after taxes for the
three months period at between S4O,-
100000 and s45,0Oo,o0o, against s34 1881 =
30l reported in the quarter ended June
80. If net reaches S45,oO0,00O there
would be balance available for COM
mon dividends equivalent to s443 a
share. These earnings are based on
operations of rs to 80 per cent OF ca
pacity.
New-York tribune., 1919-08-14
American Locomotive

To-day the American Locomotive
directors meet. Results Of operations
Of the company for the fiscal year
ended June 80 will be laid before them.
The Street heard yesterday that an
extra cash dividend might be declared
out Of earnings in addition to the regu-
lar quarterly disbursement Of S125 a
share on the common stock. Earnings
during the past year are said to have
approximated $40 share on the
common. That would be new high
record for the company Unofficial
reports are to the effect that the COM
pany has cash assets of approximately
S25, 100000.
New-York tribune., 1919-08-14

Studenak~t Bros. Trust ~ INiraso. -
tns Mtss,ssippi Nssisy Trust Company.
New-York tribune., 1919-08-14
Money and Credit

The stock market money situation
continued easy. After opening and re-
newing at 5A and 64 per cent for
mixed loans and all industrial loans
respectively rates dropped to 3la and
per cent in the afternoon. A large
amount of money offered by the banks
was not taken.
The ruling rates for money yesterday,
compared with q year ago, were as
follows:
Yesterday. Year age.
Per cent. PEI cent.
Call money:
On mixed collateral S 6
On indus. collateral GA 6I2
New-York tribune., 1919-08-14

outlook for the railroads. do you think
| had better sell my railroad bonds =?
New-York tribune., 1919-08-14

Answer Maintainence of railroad
solvency is now almost a national obli-
CATION. and we believe that holders of
the bonds will be fully protected no
matter what disposition may be made
of the carriers.
The Abbeville press and banner. [volume] (Abbeville, S.C.) 1869-1924, 1919-04-11

good cheer.
Messrs. Keys Harper Of Clemson,
George Harper of Greenwood, and
Miss Matte Lee Harper of Starr, at
tended the Harper reunion last Sab
bath.
Sergt. Holcombe Harper left for
his home at Nogales, Ariz., a few
days ago. Mrs. Harper and little Jr',
will remain for a more extended
visit.
Messrs. Robt. Speer, Will Nance,
John and Ben Bonds have reached
home. These young men are meet
ing with warm welcome from
friends and relatives. They are look
ing fine and are to be congratulated
on coming home safe and sound
from the horrible maelstrom of Eu-
ropean warfare.
Mrs. w. C. Tennent with her pref
ty little daughter, Catherine, who
has been visiting her sister, Mrs. w.
NJ. Specr, has gone to Andrews, S.
c., where she will be the guest of
her sister, Mrs. Henry Moseley and
her mother, Mrs. Kittie Kay.
Miss Ellen Tennent was called to
Abbeville last week to attend the
funeral of Mr.. Jas. Chalmers.
Misses Christine Kay and Alice
Cooley, of Winthrop, and Miss AL
pha Barnes of Anderson, spent the
weekend with home people.
Mrs. L. P. Pettigrew of Barnes,
was the guest of her brother, DR..
R. J. Hutchison, last week.
Misses Ruby Ficquette and Veva
Bonds were shoppers in Anderson
last Saturday.
DR.. Jos. L. Ellis of Greenville, has
been on a short visit to his parents,
Mr.. and Mrs. w. E. Ellis.
Mr.. and Mrs. Ernest Latimer, who
recently moved from Spartanburg
to Anderson, visited Mr.. and Mrs.
w. M. Speer last Sabbath.
Mrs. w. M. Speer and her little
daughter, Kittie Kay, are spending
several days in Anderson this week.
Miss Annie Bell of Tuxedo, N. c.,
is on a visit to the family of her
mother, Mrs. NJ. L. Bell. .
Mr.. Harper Nickles of Green
wood, was the guest of his brother
in-law, Mr.. NJ. P. McCalla during the
past week.
Mrs. DR.. Speer spent last Monday
in Abbeville on business.
Rev. J. A. Clotfelter, DR.. J. B.
Moseley, Mr.. B. B. Allen and Mr..
C. L. Clinkscales were business visi-
tors to Abbeville this week.
Mr.. E. J. Huckabee has gone to
Atlanta on business.
The. new Methodist church will be
dedicated on next Sabbath. Bishop
Darlington will conduct the dedica-
tory services.
The Abbeville press and banner. [volume] (Abbeville, S.C.) 1869-1924, 1919-04-11
HURLEY'S VISION
FULL OF CHEER
Shipyards May Compete
With Others. Good Chance Ahead.
Chairman o5 Shipping Board
Sees Bright Future for United
States at Sea.

Washington, April 8.-Construc-
ton of the latest type oil burning
cargo steamers at price which will
enable American shipyards to COM
pete with the foreign nations was
declared to be "highly probably" by
Chairman Hurley of the shipping
board tonight in a statement an
ncuncing that the Submarine Boat
Corporation of Newark, N. j., had
made an offer to build eight $4,000
ton freighters at 149 a deadweight
ton without any guarantee from the
government on either labor or ma
terial.
In making the offer to the ship
ping board, Henry N. Carse, presi-
dent of the corporation, wrote that
the experience gained in duplicating
steel cargo ships in quantity demon
strated beyond all question that the
procedure the company was follow
ing would enable it to continue ship
building successfully at the marked
reduction in cost even though it was
"the lowest price quoted today in
the world"
"Mose prices mentioned and talk
ed about for 1919 have been from
S1S5 to 1925 a ton," Mr.. Hurley
said, replying to Mr.. Carse, "your
proposal most effectively answers
the questions as to whether cur
steamship builders can compete in
prices with foreign shipyards.
"Such reduction also will give us
an opportunity to firmly establish
our shipbuilding industry and will
allow us to obtain ships at prices
reasonable enough to compete with
foreign ship operators.
The Abbeville press and banner. [volume] (Abbeville, S.C.) 1869-1924, 1919-04-11
\\\\
LOWNDESVILLE =
>\<\ \<<< ~

Lowndesville, April 9.-One of
the prettiest events of the season
was the reception given by Mrs. W..
N. Speer in honor of the bride OF
her brother, Dr.. J. B. Kay, on last
Friday afternoon. The spacious par
lar, hall and dining room were all
thrown into one and beautifully de-
eorated with foliage plants and wis
taria. The guests were met by Miss
Virginia Latimer and in her sweet,
winsome way conducted to the hos
tess, who presented them to the
bride. A most elegant salad course
was served by Misses Christine Kay,
Frances Speer and Lucille Kirkpat-
rick. Mrs. Kay, while a stranger in
our town, was reared at Clinton, S.
c. She is Winthrop girl who went
in training at the Grady Hospital,
where she graduated few weeks
before her marriage. She is love-
ly, intelligent woman, who fasclnat-
ed all who met her by her pleasant,
cordial manner. DR.. Kay is the on
ly son of the late Mr.. J. B. Kay and
Mrs. Kittie Latimer Kay, and from
early boyhood has been the towns
favorite. By his moral, industrious
and sincere life he has won the re-
spect of every body. He is young
man of re-eminently high standards
and the future can hold only useful
ness and prosperity for men of his
caliber.
Mr.. and Mrs. E. w. Harper, Sr,
had all their children, nine in num-
ber, and their six grandchildren with
them at family reunion last Sab
bath. Mr.. Harper had with them
on this happy occasion his only bro
ther, DR.. J. C. Harper and his fam
lily of Greenwood, and his sister,
Miss Jennie Harper and Mrs. ]. C.
Nickles, of Greenwood. After de-
lihgtful dinner, Mr.. Green, photo
grapher from Anderson, made pic
lures of the family group. The
home of this worthy couple is an
unusually hospitable one, and all
who enter their door, meet with a
The Glasgow courier. [volume] (Glasgow, Mont.) 1913-current, 1919-05-23
FRENCH FACTORIES
CONVERTED TO PEACE

Paris, May NEARLY all the
French manufacturing establishments
which were converted into plants for
the making Of war materials at the
outbreak of hostilities have already
returned to their peace-time work.
Many others which were created es-
pecially for war industries have eth
er been transformed or are in the
process of being transformed for m
ployment in peace pursuits.
Generally speaking, there has been
a reduction in the personnel employed
in all these plants, pending the COM
pletion of alterations necessary in the
equipment. Some of the peace-time
manufactures which were adapted to
war work will need comparatively few
changes, but those establishments
which were born of the war, such as
aviation works, will have to make i'm
The Glasgow courier. [volume] (Glasgow, Mont.) 1913-current, 1919-05-23
remarkably, but no one can tell wher
we will be hit again"

remarkably, but no one can tell when
we will be hit again"
Mr.. Fuller explained that there are
other promising varieties such as the
Cossack and Baltic, but that the seed
is extremely scarce and impossible
to secure in any large quantities. ave
are not prepared at this time to make
any statement as to the value of these
two w varieties compared with
Grimm. The Baltic variety is quite
similar to the Grimm in every respect.
The Grimm variety having proven its
worth now faces a serious situation
by contenders who claim to have
Grimm but which in reality is not"
He said further that great q%uanti-
ties of alfalfa seed are offered to buy
ers as Grimm in the cultural states
and even in Montana, which is merely
common alfalfa. This has led some
growers to claim that there is no diff
ference in respect to varieties. "The
Wisconsin experiment station and the
Iowa experiment station and others
have shown definitely that winter
hardness depends largely upon resist
ant varieties. AS a precaution agains'
the INSCRIPTIONS grower or dealer
the Montana Seed Growers associa
ton is attempting through that or
g%anization to protect and assist grow
ers of genuine Grimm alfalfa seed a:
we'll as seed Of other valuable var
ieties of crops against questionable
Saad
The Glasgow courier. [volume] (Glasgow, Mont.) 1913-current, 1919-05-23
AIRPLANE PRODUCTION
WAS OVER-ESTINATED

Washington, D. C.-Admission that
both military and civilian experts
overestimated the country's abilities
in setting out in 1917 "to accomplish
the impossible task" of producing 49,
900 airplanes in twelve months is
made in the official history of the
governments efforts to build up the
industry made public today by the
war department.
Realization of this error resulted al
most Immediately in the placing of
contracts in France for 1916 planes
of the spad, Newport and Bregeut
types.
The report shows that by May %,
1918, American factories had deliv-
cred 5,270 planes, or "a per cent OF
the ambitious program, while the
French had delivered 81 per cen OF
the number promised on that date
Up to November II, a total of H..
1854 airplanes had been produced ir
America, but these were largely train.
ing machines, fighting planes com
pleted during the war period totaline
only 1928.
Broadly stated" the history says
"the United States produced for he1
army alone in her second year of man
%ufacture, as many airplanes as Eng
land produced for her army and nav,
in her third year."
Organization O fthe manufacturing
The Glasgow courier. [volume] (Glasgow, Mont.) 1913-current, 1919-05-23
GRIMM ALFALFA SEED BEST.

"Grow Grim alfalfa in preference
to other varieties" states F. E. Fuller,
crop specialist of the extension de-
partment at the state agricultural col
lege at Bozeman. "Grimm alfalfa is
the one variety grown extensively
throughout the state that can cope
with the severe winters common to
Montana. All varieties of alfalfa
have withstood the past two winters
The Glasgow courier. [volume] (Glasgow, Mont.) 1913-current, 1919-05-23
t alterations

p~ortant alterations.
Throughout the latter class of man.
ufactories there has been a reduction
in the number of employees. Some
of the war plants, whose contracts
have not yet expired, have kept part
of their personnel busy by reducing
the working day to 8, 8 or 7 hours.
The effect on labor of the cessation
Of hostilities may be seen from the
figures of employment in some of the
great industrial centers. In ten of
these districts from which reports
have been received the total number
of plants engaged in war work was
952. They employed before the arm
istice POI 1924 men and 109,775 wo-
The Glasgow courier. [volume] (Glasgow, Mont.) 1913-current, 1919-05-23
men. The total number of EMPLOYEES
has been reduced now to 1914 ,64S men
and 48,768 women.
WILLIE KNEW.

The class in ancient history was re-
citing.
"Will some M give he one of the
principal dates in Roman history ?"
the teacher inquired.
Willie's hand went up,
"The principal date in Roman his
tory" he ratified off, when he was
given permission to %recite, twas the
date Mark Antony had with Cleo
p~atra."
The Glasgow courier. [volume] (Glasgow, Mont.) 1913-current, 1919-05-23
SUPREME COURT UPH0LDS
STATE SEDITlON Law
High Tribunal Hands Down Decision
Expected to Have Wide Effect
in this State.

The constitutionality of the Mon
tana sedition law is upheld in an
opinion handed down in the state SUI
preme court Tuesday morning in the
case OF the state against Ben Kahn,
who was convicted of sedition in the
district court of Carbon county and
who appealed from the Judgment and
from an order denying his motion for
a new trial. Both the judgment and
the order were affirmed by the SUI
preme court opinion, which was pre-
pared by Associate Justice w. L. Hol-
loway and concurred in by Chief JUS
tice Theodore Brantly and Associate
Justice G. H. Cooper.
While the opinion of the court hand
ed down applies only in the Khan
case, it is the belief of many lawyers
that the conclusions of the court in
this instance will also apply to other
sedltion cases wherein appeals are on
file and in which the constitutionality
of the law is attacked, among them
being that of William L. Dunn, editor
of the Butte Bulletin.
In the Kahn case the constitutions
atty Of the law was attacked on the
ground that the subject matter of the
sedition act is one national character,
with respect to which the congress of
the United States alone may legis-
late; that it violates the guaranty of
free speech contained in both state
and federal constitutions and that it
characterizes certain acts as Grim
inal without reference to the intent.
kahn's Statement.
The statement upon which the case
against Kahn, who was a travelling
salesman, is based, follows: "This is
a rich mans war and we have no
business in it. They talk about Hoov-
erism, it's a joke. Nobody pays any
attention to it. It don't amount tc
anything. The Lusitania was warned
not to sail. They were carrying mu-
nitions and wheat over to the allies
The poor man has no show in this
war. The soldiers are fighting the
battles of the rich"
In regard to the contention of the
appellant that only the federal gov.
eminent may legislate on sedition, the
court holds that cit does not follow
that because this state may not de
clare war or engage in val independ
emily of the general government, i
may not aid the government in car
rying on a war to a successful con
clusion and exert all 0 fits force il
that behalf" The court states tina
so long as the act in question doe
not conflict with the federal consti
tuition or with laws enacted in pur
suance to it, is is not open to tn
objection urged against it.
U: S. Supreme Court Quoted.
In regard to free speech, the RICH
of which was invoked by the appel
liant, the court holds that neither tn
federal or state constitution was I've
intended to extend immunity for tn
use or abuse of language. "In tim
of peace" it says, "the language o
similar import might not constitut
a crime, and it may be true that i
is beyond the power of the state leg
islature to make it crime in time 0
peace, but, as said by the suprem
court of the United States: 'Whe
a nation is at war many things tina