davidaulloa/AmericanStories huggingface dataset:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-12-14
New York State Railways

Dues tion-Will you please give me
what information you can in reference
to New York State Railway bonds,
and would you advise purchasing at
present price to average down on pre-
vious purchases made at much higher
prices? AS | understand it, there is
preferred and common stock Is the
stock any protection to the bonds
l.. H. NJ.
Answer-New York State Railways
showed net income of $67,456 for the
quarter ended June 80, 1919, against a
deficit of S14,S03 for the corresponding
period last year. This was at the
annual rate of GIG per cent on the
3.S62,500 preferred and 23 per cent
on the S19,952, 400 common stock. If
that increase can be maintained the
bonds would appear to be attractive
at present prices. The stock is of no
protection to the bonds. Bonds come
ahead of stock always. The New York
Central Railway owns $l3,604,3 800 of
the common stock of the New York
State Railways.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-12-14
Not the Real Reason

Question-Would it not be we'll for
the benefit Of timid investors to explain
through your financial columns to hold
ers of Interborough Rapid Transit re-
funding 5 per cent bonds and other
bonds which have deprecated greatly
in the last year the conditions Undue
ing the present very heavy sales? The
large profits made during the current
year in stock transactions make 1t ad-
vantageous to show losses to offset the
amount of income tax to be paid. Those
of the public not familiar with present
day methods take it for granted that
sales Of these bonds represent liquida-
ton by large holders. A careful inves-
tigation will show that such is not tho
case, that most Of these bonds sold are
Immediately bought back by the orig
inal holders. The effect of these sales
is much the same as wash sales" in
stock, except that it forces the price
down instead of upward, as it induces
in the belief that heavy liquidation is
taking place. 1t is doubtful if any hold
ers Of these bonds familiar with fnan-
cial affairs are parting permanently
with them at present prices; on the
contrary, they are quietly Buying for
the rise which will occur when selling
to show loss ceases, as it must at the
end of the year-W. P.
Answcr-We do not agree with your
explanation regarding the depressed
price of Interborough Rapid Transit
refunding per cent bonds. Undoubt-
eddy it is the case in many securities,
but the real reason for the depression
in Interborough Rapid Transit SIS, in
our opinion, is the statement of the
company's officials that the INTERIOR
ough is not earning its fixed charges.
Unless relief is afforded the company
we cannot see how the present state Of
affairs can continue. Certainly the fact
that Manhattan Elevated stock has de-
clined so much as it has is not due to
the registering of losses. That may en-
ter into it, but the real reason, as we
see it, is the actual condition of the
company.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-12-14
Fearful for His Bond

Question: have a $1,000 bond of
United Light and Railways Company
(first 5s, of 1922. l paid SS1a for it
last May. 1t has declined to 70 bid.
Do you think there is any cause for
concern? What is your opinion of this
company?-T. A. B.
Answer-You are fortunate that the
bonds arr down only 10 points. Others
have Jared far worse than that. The
decline is owing largely to the high
price of money and the selling of pub
f1uenced by the unfortunate state of
affairs in which several public service
corporations find themselves. This bond
appears all right
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-12-14
Western Pacific Preferred

Question-Do you consider Western
Pacific preferred a safe investment
notice it is quoted only occasionally
at 55 and Sc and understand it pays
6 per cent year dividends, making it
better than 10 per cent investment.
On this basis it would seem to be sell
ing too low, compared with the other
rails, most of which do not yield over
per cent on current prices. l have
been wondering whether there was
some other factor besides the govern
ment control which is keeping the
price down.-W. L. E.
Answer-Western Pacific preferred
while per cent stock, has paid but
z per cent thus far this year. 1t paid
6 per cent in 1913 1t is not a safe in
vestment, but, like most other second
and third rate roads, a speculation with
possibilities.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-12-14
Spencer Petroleum

Question-Any information regard
ing the safety and future possibilities
of Spencer Petroleum listed on the
curb market will be greatly appreci-
ated. Do you recommend this stock
at the present price IN. D. X.
Answer-It was stated recently that
J. f. Spencer and associates had incor-
porated the company with q capital of
$5,0o0,0O0. The company has taken
over the oil leases and producing hold
ings of Spencer Brothers. There are
$4,000 acres in different oil fields in
Texas. Some production has been de-
veloped. Construction of a pipe line
and storage tanks will shortly begin.
The concern is more or less a prospect.
1t is q speculation.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-12-14
Want Preferred Stocks

Question-Will you kindly let me
have the names of two or three sound
preferred stocks, yielding about Z per
cent, that you would recommend for
purchase? Also the name Of a good
brokerage house through which l might
buy the stocks on the partial payment
plan? When buying on time, does the
dividend start from the time of pur-
chase or when shares of stock are fully
paid up?-J. R. c.
Answer-Around present quotations
Central Leather Corporation preferred
yields about $50 per cent; Virginia
Carolina Chemical preferred per cent,
and United States Rubber first pre-
ferred per cent. In buying stocks
on the partial payment plan you
receive any dividend declared after
purchase, but must pay the broker in
terest on the balance due on stocks
purchased for your account. Consult
any New York Stock Exchange firm ad-
vertising in The Tribune.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-12-14
Brooklyn Union Gas

Question: have some Brooklyn
Union Gas common; I understand it is
in good position, yet it has gone
down thirty points within short time.
What do you knox about it; is the
dividend apparently sure w. G.
Answer-Brooklyn Union Gas Com
pany has undoubtedly been affected by
the growing uncertainty regarding
public utility corporations in general.
The company appears to be doing very
we'll.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-12-14
Stanton Oil

Question-Will you please let me
have some information on Stanton Oil
and if at present the company is in
good condition? AS | have bought a few
hundred shares lately and I see it has
the reason for the decline IS. C.
Answer-We know of no particular
reason for the decline in Stanton Oil
other than that nearly everything in
the securities market has declined re-
Gently. The stock is speculative, as are
most all oil stocks.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-12-14
Fulton Motor Truck Company

Question Kindly give me some in
formation of the Fulton Motor Truck
Company, of Farmingdale, Long Island.
I have heard several reports concern
ing this company. Do you consider
this stock a gamble? | have number
of shares of this company; would you
hold or sell F.. A. w.
Answer-The Fulton Motor Truck
Company went into receivership early
in November. The receiver stated that
the company had contracts for 1883
motor trucks with selling value of
$1,7S1.535 and that it's liabilities were
$250,000. He stated also that the COM
pany was without funds to meet obli-
cations which have matured. The COM
pany may work out of it's troubles.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-12-14
American Express Holdings Valuable

Question-Kindly advise me if the
State Line Telephone first mortgage 5
per cent bonds have any merit. They
defaulted on their interest several
years ago. | am the owner Of five
81 900 bonds. Would you advise the
purchase of American Express as an
?-R. Z. L.
Answer--Therc is no market at pres
ent for State Line Telephone 5 per
cent bonds. American Express is in a
position, SO far as express business
goes, similar to that Of the railroads.
She government has not stated it's in
tention in regard to the express COM
panies. American Express owns valu-
able securities and real estate and it's
income frcm letters of credit, ETC., is
good. The stock appears to be fair
speculative Investment.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-12-14


the bond you now hold will be ex-
changeable for a new one carrying the
coupons up to January l 1881.
Combustion Engineering Corporation
Question-Kindly give all informa-
ton available on Combustion Engineer
ing Corporation stock What is your
opinion Of this stock? Is it highly
speculative? What is the highest rate
it has been sold for? What is the
lowest rate it has been sold for, es-
pecially the rates around the latter
part of October? Where it can be
bought and who are the selling agents.
M. K.
Answer-The stock of the Combus-
ton Engineering Corporation, which
was organized in March, 1914, is close
ly held. The last sale, recorded about
three months ago, was at SIS share.
600 shares are outstanding. The re-
mainder of original issue of 5O,O50 of
7 per cent preferred stock was re-
deemed last July. The company had
been paying $1.50 a share quarterly
on its common stock, and the income
for 1918 showed a surplus for the
year, after interest, dividends and
taxes, of s4s9,oS4. Net earnings, $780,
001. 1t is estimated that the surplus
this year will be larger than it was
last. The stock may be regarded as
speculative until the company has dem
onstrated its ability to pay dividends
over a longer period, but it has, we
believe, well-managed business or
ganization behind It, Consult any
firm advertising in The Tribune about
buying the stock.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-12-14
B. r. T. Notes

Question-Will you kindly give me
your judgment concerning the prob
ability of the Brooklyn Rapid Transit
paying it's Z per cent 1921 notes and
what is the worth of the certificates of
deposit for above notes, and will they
be paid at maturity "A. j. T.
Observation-Disclosures of deposit rep
rcsenting Brooklyn Rapid Transit
Company per cent notes, due in 1921,
are selling around 50. Whether the re-
cciver for the company will have funds
enough at his command year hence
to pay off these notes remains to be
seen. If not, arrangements probably
will be made with the approval Of the
curity.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-12-14
Selling Methods Faulty

Question-Can you give me any in
formation concerning the Altex Petro-
leum Company j. A. w.
Answer-Altex Petroleum may be a
good proposition, but their methods of
selling the stock do not look we'll and
certainly would not induce an expert
enced investor to buy it,
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-12-14
Mutual Finance CORPORATION

Question--Will you be kind enough to
tell me if you consider Mutual Finance
Corporation stock at par bought on the
installment plan a good investment Q
C. A. F.
Answer-Financing corporations of
this kind are usually highly specula-
tive PROPOSITIONS. We do not recon-
mend the stock of the Mutual Finance
Corporation as an investment. The
stock is not traded in on the New York
Stock Exchange.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-12-14
Galena SIGNAL Oil

Question: am writing to ask you
If you have any available information
in regard to the common stock of the
Galena Signal Oil Company. This
stock has paid no dividends for over
year past. bought the stock at
1924 and it is now quoted at SO. Is
there any particular reason for this,
other than their failure to pay divi-
Gends? Is the company as far as you
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-12-14
Short Seller Takes Chances

Question-In operating on the long
side of the market it is possible some
times to prevent loss by buying the
stock outright after it has gone the
wrong way. How can an equivalent
be substituted for this when speculat-
ing on the other side? Or how can
the Spectator protect himself after
he has sold stock short? 1t occurred
to me that possibly the ingenuity of
old traders had resulted in some
scheme Or method aside from puts and
calls to prevent loss while selling
short-F. A. K.
Answer-It can't be done. When
you sell something that doesn't belong
to you you are at the mercy of the
other fellow.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-12-14
In Receptive Mood

Question-Inclosed find two circu-
lars have recently received. The
propositions sound nice, but l would
rather take your advice. l am good
sport, and would risk 500 on any
good looking speculation if l were
reasonably certain of the men running
the proposition. | am rather hoping
you advise me to 60 to it, but of course
1t must be with assurances of the
honesty of the management. l am one
whom you've helped before.-D. l.. G.
Answer-We are sorry to disappoint
you, but cannot advise you to take the
chance, as both propositions are alto
gether too speculative to receive any
Endorsement from US.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-12-14
Holds Shattuck Arizona

Question: am holding stock of the
Shattuck Arizona Copper Company,
which l purchased around II. Please
inform me whether you consider it
advisable to hold Do you think it will
go any lower than 10? Please give me
an expression of your opinion of this
company and also Caddo OLE. D. M.
Answer-The Shattuck Arizona Cop
per Company has had much to
contend with this year both on
account of labor conditions and
the serious curtailment of oper-
atoms, following the flooding of
the company's mine made necessary by
fire which broke out last February
For the quarter ended last September
the net income was $54,303, whereas in
the June quarter during which opera
tions were almost at a standstill there
was deficit of over $4,000. The work
of unwatering the mine began last
October, and with the supply of mine
labor showing an improvement officials
increase in the copper output during
the current quarter. Withal, the posi-.
ton of the stock is speculative and
we cannot advise you what to do. The
Caddo Oil md Refining Company is
conducting extensive operations in
Louisiana, where it owns or has under
lease about $4,000 acres of oil and gas
lands on which there are now
about eighty producing wells. Fol-
the quarter ended last March the com.
pany reported a surplus after taxes OF
$176,395. The capital stock authorized
and outstanding is $4,000, 900, par $500
No dividend has yet been paid. The
stock in our opinion is speculative.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-12-14
Shows Discrimination

Question: have about $4,000 to in
vest. l am workingwoman earning
fair salary, but cannot afford to
speculate. Have thought about buy
ing five shares each of the following
Atchison preferred, Baltimore & Ohio
preferred, United States Steel pre-
ferred, Standard Oil of New Jersey
preferred and French Cities per cent
bonds. Now, do you suggest some
other i'll place of any of them ?-J
G. B..
Answer-We think your list is good
except Baltimore & Ohio preferred
whose dividend may be In jeopardy
Substitute Norfolk & Western pre-
ferred for Baltimore & Ohio preferred,
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-12-14
French Victory Bonds

Extraordinarily 1 bought few
1,000-franc, per cent French Victory
Bonds, and upon receipt of same l
noted that the denomination is not
stated on these bonds, nor does it say
at what price the French government
will redeem same after January 1,
1881. Furthermore, these bonds have
coupons only up to August Is. 1924,
instead Of up to January, 1881. If
you will be kind enough to enlighten
me on these points and also advise
me in regard to any steps to be taken
to comply with the requirements of
the French government, will greatly
appreciate your courtesy.-O. T. c.
Answer-While it is not stated ON
the bond of the per cent French
Victory Loan at what price they are
redeemable, the French government
sold them on the basis that they are
free of all present or future French
taxation; are redeemable at par at
the option Of the government, but not
before January l, 1884," The denomi-
nation is not stated on the bond but
is indicated by the amount Of income,
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-12-14
Cuba Cane Sugar

Question: What do you think of
Cuba Cane Sugar preferred as an in
vestment? Do you think there is a
reasonable certainty of dividends p
F. B. NJ.
Answer-The position Of the Cuba
Cane Sugar Company has been i'm
proved by recent developments in the
sugar situation, which suggest in
creased earnings and a larger margin
of safety for dividends on the pre-
ferred stock. The latter, in our opin-
ion, may be classed as a fair invest
ment.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-12-14

In the exclusive residential scction NJ
PALlSADE. 11-room stucco residence: 5
masters bed rooms, baths. billiard room.
nnished rooms in attic. laundry. stucco
asking $4,000. Max Mayer, 4o5 Lexington
av., Manhattan.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-12-14
Not Badly Advised

Question: would, indeed, be glad
to have your opinion about an invest
ment was advised to make some time
ago. bought 1887 bond of the
United Kingdom of Great Britain and
Ireland. The money 1 have invested
means a whole lot to me, and l would
like to feel that the interest would be
paid when due, and no fear of my los
ing the principal. also have been ad-
vised to have the bond registered, so
that there would be no fear of my
losing it. The party who advised me
to buy this bond says I could not have
better security for the interest l get
on my money.-B. c.
Answer-Your investment should not,
in our opinion, give cause for any anx-
iety either as regards the payment Of
interest or the security Of the principal.
BY registering the bond you gain the
additional comfort of knowing that it
will not be lost or stolen. Altogether,
1t does not seem you have any cause
to regret following the advice given
you.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-12-14

Large house with of land and
has hfteen rooms rplaces and three Large
sun paror sleeping porches, electric lights modern
provements Hot water heat Newly and
Cement walks Garage and house. PRICE $4,000
terms be arranged
EDGAR c. BEEcROFT, Pelham Manor NJ Y
Tel Pelham 1717
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-12-14
Spencer Petroleum

Question: was persuaded to buy
fifty shares Of Spencer Petroleum at
1914 each, but am in doubt as to the
company's financial standing and pros
poets. Will you kindly tell me whether
this is good investment at the price
bought? If not, would you please sug-
gest some other oil stock in order that
might sell the aforementioned stock
and buy something better IN. D. X.
Answer-The Spencer Petroleum
Corporation holds 240 acres of land in
the Blackwell oil field of Oklahoma, 100
acres in Nowata County, Texas; 100
acres in Woodson County, Kansas. 1t
also has other holdings in fee scattered
over several counties in Texas and
Oklahoma. The company has issued no
statement of it's financial condition as
yet and has paid no dividends. Its au-
thorized capital consists of 100000
of preferred, par 500, and $4,00O,0o0
common stock, par $40. At present there
is 100000 of the former and S626,COO
of the latter outstanding. We consider
stock in this or any other company ex-
cIusively engaged in the production of
oil as speculation rather than an in
veStment.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-12-14
Investment Information

of n ormMi a
o Ab in hoh 4mnsO
yA denope
FINANCIAL Street.-The YrkC
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-12-14
Sinclair Oil Prospects

Question-Kindly give me your opin.
ion on Sinclair Consolidated Oil Com
pany, common stock, especially as tc
dividends and oblige.-R.
Answer-Sinclair Consolidated Oil
Company is said to be earning more
for the last half of this year than for
the first half. Estimates have been
made that the profits before taxes and
depreciation would be $38,000,0O0 for
ceived from the sale of 100000 addi-
tional stock, thus bringing the amount
of stock outstanding to some $500, 00O
shares. The dividend prospects appear
to be favorable assuming that the earn
ing estimates are accurate.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-12-14

know we'll managed one and have you
any information as to the likelihood Of
their resuming dividends? i have
been advised to sell the stock, but at
it's present price would lose quite an
amount and think it wiser to keep the
stock at least for while longer It
seems impossible to get any informa-
tion on the subject Of this stock, 80
any you could give me would be
greatly appreciated.-B. F.
Answer-The Galcna Signal OIL
Company has not issued any statement
Of income recently, nor has there been
any intimation from official sources
what policy will be pursued in regard
to dividends on the common stock.
The company, which in our opinion is
ably managed, has been spending large
sums on the expansion and improve
ment of its various properties, espe-
cially in southern Texas, where it is
said there has been developed one of
the largest supplies of crude oil for
lubricating purposes known. While
the passing of the dividend last year
was partly owing to the fact that the
anticipated profits from the company's
Texas properties were not realized
there is reason to believe that with
improved and enlarged facilities for
collecting and distributing its product
earnings ultimately will show up bet
ter.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-12-14
National Aniline and Chemical

Question-Will you kindly give me
your advice as to buying preferred
stock of the National Aniline and
Chemical Company &C. A. B. C.
Answer-The preferred stock of the
National Aniline and Chemical ap-
pears to offer a very fair Investment
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-12-14
Allied Oil

Question-Will you please give mo
your opinion regarding Allied Oil?
The stock is paying, as l understand
it, IL per cent dividends. Is this a
safe investment, considering that it
is selling at approximately 81 share
Also could you suggest the name of
a reliable brokerage frm.-R. B.
Answer-We do not regard Allied
Oil stock as safe investment. 1t is
speculative. Any brokerage firm ad-
vertising in The Tribune we regard as
reliable.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-12-14

which is plainly set forth. When the
coupon, dated August Is, 1924, is paid
the bond you now hold will be ex-
changeable for new one carrying the
coupons up to January l 1881.