davidaulloa/AmericanStories huggingface dataset:
New-York tribune., 1919-10-29
Must Invest to
Keep World Markets
Open, Sisson Says
Banker Confident British
Will Get Fund for Over
seas Investment; u. S. i'm
Good Position to Lend

The necessity Of foreign investment
by the American public in order to
realize the opportunities of the United
States in world finance was explained
by Francis II. Sisson. vice president of
the Guaranty Trust Company, in an ad
dress last night before the New York
Chapter of the American Institute Of
Banking!
"An outlet for our products in other
countries is essential to the main
tenance and development of American
industries" said Mr.. Sisson. IAN in
vestment of capital in other countries
is one of the effective ways to keep
world markets open for American
products This involves the purchase
of foreign securities and the develop
ment of an international finance market
IN this country"
$4,000, 100000 in Ten Years
Mr.. Sisson expressed confidence in
the financial situation of Great Britain
and said that he expected a surplus
for investm~.t overseas to be accumu-
lated in a short while by British IN
terests. He quoted British statis-
tician's estimate that within ten years
there will be available an amount of
$2400. 100000 of British funds for out
side investment, of which three fifths
would probably be invested in the
colonies and independent dominions
and the remainder outside the empire.
"The United States is now in an un-
usually favorable position for making
foreign loans" said Mr.. Sisson. There
are available for export vast supplies
of foodstuffs and raw materials. Ac-
cording to the industrial census for
1914, the industrial plants Of the United
States had total capital in excess Of
$22, 10000 900. while the value Of out
put was more than $24 900 100000. The
war resulted in increases to our in
dustrial plant. This Is indicated by the
pig iron production, which is about IS
per cent larger than before the war;
the establ hment of important chemi
cal and duyestuf industries, and the
great expansion of our shipbuilding in
dustry. Our diversified production and
our natural resources will enable US to
supply the materials which will form
the material bases Of loans to other
countries.
Large Lending Power
This country has large absorbing
power for foreign bans. The annual
savings. which amounted to Sc O00.~
600 600 before the war, reached total
of 100000 during the war. The
annual income tax from the balance
of foreign loans, which will be due this
country as creditor nation, will prob
ably be largely absorbed in new in
vestments. The development of strong
and growing merchant marine will fur
ther add to our ability 70 invest capi-
tai in other countries. The extraordi-
New-York tribune., 1919-10-29
Bank of Germany

BERLIN (vis London). Oct. 2s.-The
statement of the imperial Bank Of Ger
many for the p,rriod ending October Is
shows the following changes, in ma rks
New-York tribune., 1919-10-29


No Bonds No Preferred No
ParV
Authorized 100000 Shares
HARVEY nsx n."s sons 1sI Nov York .wxr. m = a ~ w.
b ptfm or
s ts s @ sehns h . equivalent "" with the
will b deposited avamsT
@ 5 ] % y anaa s 5a%u @ s gss the % successful
~hhn settled nanc %
una .
addition
scattered oil in
in % nsns @ % @ the % iSse ss'qR Fls
These operation
% % }he al3 d lt gross per day and sme line
epsfu6 @ a INSIDE tested locations wit" adequate power
nj drilling and
Februay @ az @ % an hns os. e
% Ds%s. @ @ D sSs: F s sss ss'f % ss x %
yH nH hS s se s sng in the g9sa0n oil
product - r companies
Dr. j. L. Workman 0 Colorado School, Of
TO by at Irwin, x~ur nm.
s@r cr oponsl Cincinnati %
yMsAu M p10" Med !" A~ 0'"~
We subsr when a. and If ;.u.d and
received and subject to
PRICE $40 PER SHARE
Subscription hbe opened We ednesdox
~Hl of the A1anoeu.
HARVEY FlSN q SONS C. E. WELIES & CO.
s~M Ys~Ar
~ ',n1o1o o.>Hc II BROADWAY
NE" foRA NEW YORK
New-York tribune., 1919-10-29

Question: own Is Shares Wabash
preferred A at 3s. Is there any proba-
bility of that price within q reasona.
BILE time? Any good reason for price
going so low IF. ]. Nc.
Answer-There has been so little
public interest in railroad stocks OF
late that prices have declined to very
low figures. No one knows just how
roads will fare after government re-
linquishes control. But we do not
anticipate any legislation which will
really harm carriers. Wabash, after
its reorganization, was a good Garner
and should freight rates be advanced
after first of year this road, with
others, will enjoy greater prosperity.
Question-Would like to have you,
orinlon on Butte Copper and Zinc Ger
tifcates and also American Zinc and
Lead.-N T.
Answer-All mining companies have
suffered somewhat recently, but the
outlook for coppers seems to be
brighter. Butte Copper and Zinc for
the first six months of 1919 earned
but cents q share on $3,0O0,000 stock
or at an annual rate of IL cents
against an annual rate of $1.03 in 1918
For first quarter of 1919 American
Zinc showed loss of $651 against profit
Of s378,525 In 1918. Company's affairs
may be improved With higher price Of
metals. We are inclined to believe
that most metal companies will de bet.
ter than for the first half Of 1918.
Question-Wish to sell some Of nv
stocks. netting me at present rates 6
per cent, and reinvest In stocks equally
sure Of continuance Of dividends and
netting now per cent or more. Could
you advise sale Of Nashua & Lowell
Railroad stock and Steel (U. S.) pre-
ferred and purchase of u. S. Mining
preferred and Bethlehem per cent
preferred? Are these equally sure OF
continuance of dividends? And have
they the same possibilities Of advance
Can you suggest better investment
in preferred stocks? H. G.. B.
Answer-Many people feel they
would be more at ease If they disposed
of their railroad holdings, owing to un.
certainty Of outlook. II you feel this
way you could invest in seasoned pre-
ferred stock to net from 6M per cent
to per cent. But when you sell
United States Steel preferred and buy
United States Mining preferred you
have weakened your investment posi-
ton. We think Steel preferred pretty
good investment. Bethlehem Steel {
per cent preferred Is good invest.
New-York tribune., 1919-10-29
American Hide & Leather
Reports Larger Suplue

For the quarter ended September so.
1919, the American Hide and Leather
Company returned a surplus after Fed
eral taxes and charges Of $l,2l4,4ls.
equivalent to 1888 share earned on
the s13,000.000 preferred stock. com.
pared with s1.os3.7S0, or $40 a share
in the preceding quarter. and ss4s 500.
or s4.ss a share, in the September
quarter of 1918.
Net earnings in the period were ST.
351 ,666. an increase of s537.4s2 over
the corresponding period of 1918.
After bond interest of s3l,s4o and
sinking fund of sl07.4l0 the BALANCE
for dividends was $1,2l2,4l6.
New-York tribune., 1919-10-29
Gold Shipped to Paris

~" shipment to Paris Of s431 900 in
gold bars was Announced yesterdav st
siie Nuo Treasury. International bank
-. VINO arranged the movement sav
.1as .1osk IL IS IS e; go;ins to repienishA jewelers.
...". low III france. At present rataa
Of exchange French purchasers must
pay heavy premium for precious metal
New-York tribune., 1919-10-29

Question: bought on margin 100
shares Bethlehem "B" Steel at 961z
anc sold two days later at 9S1s; had
wiated until the day sold before
putting in my order to sell l coulc
have made about rine points insteao
Of two. as it Went to 105 that day. Or
Septenber 80 it went to 1903, and
feeling bad over what I had lost ano
thinking it was bound for higher
levels bought in at 107A. Do you
think there is anything about this
stock to cause any anxiety, and would
you advise me to sit tight and hold it f:
Kindly let me know all you can con-
cerning future prospects of this stock
Fl. A. S.
Answer-Bethlchem Steel is a very
speculative issue and moves with oen.
eral market. Specific news of Bethle-
technical position of general market
may be bad on that very dav. and hon
purchaser wonders why stock declines
Bethlehem Steel is earning well, but
you are sreculating in "fast mover
and must be prepared for fireworks
at any time.
Question-Please give me informa-
tion on Inspiration Copper. Is it a
good buy at its present price? Is
there any other copper stock that you
could recommend in preference to In
spiration.-J. W. R.
Answer-All copper companies have
had more or less difficulty of late, and
few of them have been able to earn
their dividends. But the outlook is
brighter and most of the companies
have pursued conservative policy, by
reducing dividends. Copper stocks
have few friends among speculative
public and we are told they are rather
we'll sold out. Several well-informed
brokers have expressed the opinion
lately that copper stocks may soon
share In the market boom. Have you
looked into Cerro de Pasco7
Queston-How would you advise
me to handle $4,000 worth Of Brooklyn
Rapid Transit Z per cent bought
around 961a, now quoted about 1874 :
They have not only defaulted ss to
each quotation. Do you think back
interest will be paid? Would you say
hold for year or so? own Atchi.
son at 102h, Reading at 80, Northern
Pacific at 971a, Union Pacific at 1919
all on margin. How would you suggest
handling this los in order to get out
whole III. w.
Answer-No one can forecast the out
come of Brooklyn Rapid TSansit situa-
ton. 1t will take a long time, prob.
ably more than year, before present
situation Is untangled. In the mean.
while, notes are quoted at such low
figure, it would appear that they had
fairly we'll discoun ed situation. We
believe railroad situation has been
discounted fairly we'll, and that stocks
you mention are all good ones.
New-York tribune., 1919-10-29

narily large gold supply Of the country,
in combination with a free gold market.
will give bills drawn in American dol
lars a worldwide reputation as syn-
onymous with gold, and funds can be
loaned PAYABLE in gold"
New-York tribune., 1919-10-29
Questions and Answers

Eote-1n this department The
Tribune will throw tho light OF sucS
information as 10 q. 'ts command on
the investment problems Of Its readers
e cannot undertake to give advice on
speculation Questions OF general In
terest will be answered IN this column.
Only initials will be used Others Will
be answered by mail
Address all queries, inclos.nr
stamped addressed envelope TO
FINANCIAL EDITOR. Th. rribrr.
1854 Nassau Street. New York civ.
New-York tribune., 1919-10-29

ment, but not SO good as Steel pre-
ferred. Latter company has done con-
siderable financing during last four
years, former has done none-it re-
tires its sinking fund bonds each year,
which strengthens position of pre-
ferred ste cks. We believe United
States Rubber first preferred, Railway
Steel Spring preferred, Republic Iron
and Steel preferred, Virginia Carolina
Chemical preferred and Standard Oil
of New Jersey preferred are good in
vestments.
New-York tribune., 1919-10-29
Investors Almanac

AT THREE DAYS-Delivsry of tho
security upon the third day foUowing
the contvoct.--Money and Investments
New-York tribune., 1919-10-29
Miscellaneous Markets


Security Rate and Maturity. Bid. Ask. Yield
Moline Plow rs, 1921 .100E io1La $40
Nolin" I'low Is. 1929. ...I00N 1914 6.35
Moline Piow rs, l923..101 1o2 6.3,
Moline Plow IS 1924. ....10l 1924 ga:
Cent 6s, 1920. 90 "A 1905 500
Philadelphia Co 6e 1922. 95M 96+s T.st
Penna Co ANS. i92i.... 97ia a77s 5.s5
Pitts & col tr rs. 1890. 997s 1904 $50
Proc & Gamble Is, 1920. 100 u 10U% 6.2s
Proc & Gamble 7s. 1927 ..101as 1919 SIC
Proc & Gamble 70, ls21.l02A 1o3H 6.st
Proc Gamble Is, 1s23.1o3h 1o3% So
Public Nov 7. 1922. 80 90 9.9(
Roch Ry & L Is. 1921. 80 lo1 SAC
X ] Reynolds Tob s.. 1922 9a% 100 SOC
Southern Ry ss, 1874. ssA 9SA 7.4'
st p Tn guaT 5hs. 1923 1874 1914 6.6i
Studebaker 7s. 21......101 l02 -
Studebak-r Is. 1929. .lo5 10e -
Swift & CO IS. 192l..... 99H 1904 6.s5
Timken-Det Axle Is 192ol00N 101 $50
Timken-Det Axle Is. 192tl00N l01ia GIG
West India S FIJI. Is, 192998 100 7.1G
U Rubber Is, 1929. .104 10%h SIC
LtAh Sec 6a lno2 ssh GHaA u. IL
The daily Alaskan., 1919-02-04
ALASKA DUE FOR BIG BOOM, CLAIM

That the development of Alaska w. proceed with a rapidity so far unprecedented is the belief of Ed ward T. McNally, owner of extens- i've coal interests in the northern territory, now in Portland on busi' ness mission. Mr. McNally has liY- ed at Anchorage for the past II years and is enthusiastic over the opportunity afforded for the pro gressive business man. The com mission sent to Alaska by Secre- tarv Lane to report on the coal poss ibilities of that region was accompanied on part of its journey by MT. NIcNally. The commission went on its northern cruise of inspection with the purpose of in estigating the extensive Matanuska coaI district, looking towards a fu- tue avenue of supply for the na- w and merchant marine of the l. nited States. The report of the commission has not yet been made public.
 The future of the Alaska coal fields is of great importance local Ik. Up to this time the products of Alaska have not been such as to provide adequate return cargoes for this port. With the development of the coal industry in Alaska south bound cargoes will be provided and in this factor is seen the successful future of permanent steamship lines from Portland to Alaska. MT. Me NaIly says that with proper initia- tive there is no reason why Portland should not in the near future build up a substantial trade with Alaska.
 "There are the finest grazing lands in the world in Alaska" de cIared MT. .DIcNally. ''In many vi entities the grass is so tall that one cannot See over it. Mining and agri cultural possibilities of the north have not been even scratched com pared with what will eventually de- velop. Now that the war is over l expect a great rush to Alaska with its consequent corresponding de- Velopment.-Portland Telegram.
The daily Alaskan., 1919-02-04

Seattle, Feb. f. - The striking ship yard workers have announced that they would appoint their own police and take charge of the af- fairs of the city as far as the muni- cipal owned public utilities were concerned and the enforce ment of order. .H .
 The situation is becoming more tense all the time and the city au- thorities are making due prepara- tions to retain their authority and see that life and property are safe. Thus far no violence and little dis order has taken place and 1t is strongly hoped that this condition will be observed by all the con tending parties.
 Mayor Hanson says he Is deter mined to retain the control of the city as laid down by the laws.
 It is believed that the city au- thorities will be able to handle the situation without state or federal aid.
 Seattle, Feb. 4. - It is estimated that sixty thousand workmen will be
The daily Alaskan., 1919-02-04
UNIFIED STATES HAS 1,66S
 SHIPS, REPORT INDICATES

Washington, Feb. 4. --- Seagoing American merchant ships of 1000 gross tons or over numbered 1,663 and the total gross tonnage was 5656,S56. 5 All were steam vessels on January 1 this year, the depart mant Of commerce reported today, except 319 sailing crafts of 51S,192 tons.
 The department also reported 55 former merchant ships operated by the War and Navy departments and placed their tonnage at Ss6.- S92. The total number Of ships registered under all government de- partments was 1,141 and the gross t>nnage was 3,6S1,70
The daily Alaskan., 1919-02-04
SFAT7lE G7Y GOVERNMENT PREPARES FUR STDGaE WITH STRIKERS

in the strike that is to go into ef' feet on Thursday. -
 With that many, men out on strik it will force at least ,one.hundred thousand other 'workmenra raIdltwome out of employment. .,...
 seattle, Feb. 4.-Chief of Police Warren has notifieG the striking ship yard workers that he would police the city and not permit them to do it with their own forces az they have announced they would.
 Seattle, Feb. 4.-Mayor Hanson issued a proclamation today ir which he gives warning that the seat of the city government would be in the city hall and that the municipality would continue to ruI and operate the lighting and water plants as Heretofore nc matter what happens.
 seattle, Feb. 4. - The Nationa! Typographical Union today notified an l instructed the Seattle. Union not 10 strike.
 The Pressman's Union at biz meeting last night voted not tt strike.
The daily Alaskan., 1919-02-04
OLD TIMER I5
 VISITING HERE

Patrick Kearney is spending, few days in town on account of knee that needs medical atten- tion. Pat is one of the w. P. & Y. Route force located at Glacier and he is also an old timer in the ter ritory, having been in almost every part of the explored parts of Alas ka.
 He arrived in Nome in 1900 and since then has been in every mining camp of any note and has not been outside since and says he wont go until he has made his stake.
The daily Alaskan., 1919-02-04
PERsHING ARRESTS HUN GIRLS
 FLIRTING WITH YANKEE BOYS

CoDlenz.-Twenty German girls a- Andernach, near here, have been arrested, charged with viola tion of General Pershing's order forbidding them to talk with A merican soldiers. Approximately the same number have been proved guilty of violating the order End nave been deported to points with in the German Iinea.
 The provost guard or military po- lice are certain to interfere should an officer or soldier attempt to talk 70 a wsman on the street Or in a ea!ss / zzLsl..iIg Es&lS.s & s1 "a IAAE,
The daily Alaskan., 1919-02-04

Washington, Feb, 4. - The AL aska coal lands bill agreed to by the senate and house conferees provides that the coal lands be leased on a royalty basis of not less than two cents per ton.
 In the case of the sale of coal Iauds there shall be competitive bids with a minimum price of ten dol lars per acre and certain of the
The daily Alaskan., 1919-02-04
WILL STRIEK FOR
 FORTY HOUR WEEN

London, Feb. 4.-From plans as announced by the trades unions in London and vicinity there will be a general strike on Thursday unless the government grants their de- mana for 8 forty hour week.
The daily Alaskan., 1919-02-04
WILSON FAVORS
 3-YEAR PLAN

Washington, Feb. f. - Chairman Pagett of the House committee on naval affairs informed the house today that President Wilson had cabled Secretary of the Navy Daniels that he still favored the large three years naval building program.
The daily Alaskan., 1919-02-04
WILL FERRET 3UT.
 BOLSHEV EVIKI

Washington, Feb. 4. - The sen ate today passed a resolution ex- tending the powers Of the propa- gauda investigation committee, and iustructing this committee to in Yestigate the activities Of Bolshe- yik in the United States.
The daily Alaskan., 1919-02-04
ALASKA GOAL LANDS ID BE LEASED
 IN ROYALTY BASIS 2 CENTS TON

lands shall not be sold for less than two cents per ton.
 In the case of the sale of coal lands there shall be competitive b;4s with a minimum price of ten dollars per acre and certain Of the lands shall not be sold for less than twenty dollars Der acre.
 It is said that the bill will pass at this. session of congress.
The daily Alaskan., 1919-02-04
PRESIDENT WILSON ADDRESSES
 SOCIALISTS OF FRENCH CABINET

of the world have come to realize their comradeship of freedom.
 He stated that the rulers of the world have been thinking of the rela tions of governments and forgetting the relations of the peoples.
The daily Alaskan., 1919-02-04

Paris, Feb. 4. - President Will son in addressing the Socialist mem bers of the French chamber of de- puties said last night that the last four years bodies of men on ooth sides of the ocean and in all parts
The daily Alaskan., 1919-02-04
GREEK CLAIMS
 GO OTOCONNIITEE

Paris, Feb. f. - The claims of Greece to certain property waS, referred today by the Supreme coun- ci' 70 a committee formed by two
The daily Alaskan., 1919-02-04
ID HEAR TIE PLANS
 FUR THE LEAGUE OF NATIONS

be in both French ana English at the meeting which will be held at the Hotel Crillon.
 The meeting will be open to the public and intense interest is ex- pressed here as to what the terms might be.
The daily Alaskan., 1919-02-04

Paris, Feb. 4. - The constitu- tloE of the League of Nations is ex- pected to be virtually completed to- night att meeting Of the special committee having that work in hand
 The program to be presented will
The daily Alaskan., 1919-02-04
NINE TRANSPORTS
 SAIL FUR HONE

Washington, Feb. 4. - The war deLartment announced. today that nine more transports loaded with United States soldiers had left France.
The daily Alaskan., 1919-02-04

Seattle, Feb. I. - Deranged by shell shock, James M. Smith, a re- turned Canadian soldier, shot and kl'ei his wife here today.
 After shooting his vie he turned
The daily Alaskan., 1919-02-04

Seattle, Feb. 1. - The. manage- ment of both Pacific and Alaska S. s. companies say that every effort will be made by their respective companies to maintain an adequate
The daily Alaskan., 1919-02-04
SHELL SHOCKED SOLDIER
 SHOOTS WIFE, MOTHER, SELF

tho gun upon his wife's mother, Mrs. Mary McMahon and then on himelf wounding his mother in law fatally and himself very seriously.
 The doctors extend no hope for either of them.
The daily Alaskan., 1919-02-04
ALASKA STEAMSHIP OPERATORS ID
 EBDEAvOR TO. MAINTAIN SERVICE

Alaska service despite the strike It was not stated how they intende' to arrange for the loading of thet shios but the feeling is here tha shipping will be carried on in al most normal conditions.
The daily Alaskan., 1919-02-04
cd three hundred civilians. The BOlshevik are now in control of this own and terror reigns supreme.

each from the United States, Great Britain, Italy and France for adjust ment.
 The prospects for a treaty of peace is that it will not be long de- Iayed, now that the league Or so" ciety of nations has been adopted.
The daily Alaskan., 1919-02-04
WILL REST ONE MONTH

Olympia, Feb. 4. - Owing t his continued ill health, Governo Ernest Lister announced today tha he would give up work for on month.
 Governor Lister has assigned tn duties of his office jointly to Presi dent Suzallo of the University C Washington and Attorney Gener' Tanner. -... {.
The daily Alaskan., 1919-02-04

The municipal ice rink was floF ed yesterday and the ice is in th pink of condition and the skater are getting full benefit.
The daily Alaskan., 1919-02-04
3OO CIVILIANS KILLED BY BOLSHE-
 VIK IN OCCUPATION IF KHARKTOV

Stockholm, Feb. 4. - In taking over the government Of KhartOy in Ukcania the Bolsheyik troops kill
The St. Mary banner., 1919-11-01
Brings Wonderful
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Simple directions accompany eacn
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means. If your druggist can't supply
you, the Zemerine Cbemiaal Co., Or
angeburg. 5. c., will send you bottle
prepaid upon receipt of the price.