davidaulloa/AmericanStories huggingface dataset:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-06-02
Buys Bonds Regularly

Question: note in your adv,ce e.
to buv mat hond you at Least imply the advice
cent basis rather than on per cent or
n lIore = ana mat no advice Is given to any
t tios 10 purchase any OF the public utili-
more $1,000 bonds month with limit
W w,l s0 od wsd IN any one issue. and IL You
want reasonably distant maturities "a y
from ten to fifty years. and want the
s nonos TO be more than just reasonably
don't wish to worry. For nv v"r NV ou,
chases I should be very glad indeed io 70
cc" GO list supplied by you WIN you
erng Pacific Gas and electric general and
refunding -bs 1912. American Smo,ting
ana a Refining first IS 1917 Utah Pc Po .S.sg
M M Marine first 0s 1e4l. Arc any
or them safe OF. are they all only reason
Answer-There are many good is-
sues Of bonds yielding per cent and
more at present prices. We do not
consider that in obtaining this rate
Frequently we advise the purchase Of
the highest grade bonds by those who
are dependent upon the income. For
the business man it is not always
necessary to adhere to the HIGHEST
forms OF investments. While the nuh-
Tic utility issues are seldom mentioned
by us it does not mean that we regard
them all as poor investments. One Of
our main objections to them lies in
the fact that politics too often PLAYS
a dominating. part in the affairs Of
such corporations,. The present situa-
ton in New York is good example.
1t is possible now to purchase frst
mortgage bonds to yield between a
per cent and 7 per cent. These issues
In times gone by were cons;doroJ - .
high grade as ono could wish for VIZ
submit few for your considerationI
St. Paul general per cents 1889. Rock
Island general per cent 1888, Chesa-
peake & Ohio consolidated s per cent
1889. Illinois Steel 4la per cent 1910
Bonds like New York Dock irst 4 por
cent 1851 and Virginia Iron. Coal and
Coke frst 5 per cent 1949 are. in o,r
opinion, high grade issues. Tha
American Smelling and Refining bonds
are good, as are the other issues YOU
have picked out but we do not CON
slider them rs high grade as those we
mention.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-06-02
New York Title Co. Increases
Premises Here and Elsewhere

To accommodate It's expanding bust
ness the New York Title End Mortgage
Company has taken over from former
tenants additional floors Of its building
at J35 Broadway. which Will be occu-
pied for the first time to-day. The
enlarged quarters on the second floor
ere reached by Il direct stairway + ON
tho street door, which opens into the
laain room Of tho Title Company
Large space Will be occupied by Of
Gcerg end staT who deal with the pub
&c, and directly in front VIII be tn
sirectors' room, with windows upon
broadway. on this floor win be To-
Gated also the mortgage department..
where applications for mortgages can
he fled; the accounting department.
where tazes and interest may be paid,
md large space for the closing de-
yartment, wbese ample provision hac
been made for private rooms to be
uscd In closing titles. On the floor
above Will be situated the clerical and
ssenoYraphic force.
The Brooklyn Office u the New York
Title and Mortgage Company " for the
first time occupying its new building
In Montague Street today.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-06-02
Business Troubles
Assignments

Saviour NORTHUMBERLAND
tewelry at ~ West Tortyfourth Street,
to Edward @. Delaney. OF 1872 Nassau
Street
Monn1s M1ND11N AND HARRY
Twenty seventh Street. have assigned for
the benefit of creditors to Max Rockmore.
Petitions in bankruptcy
Petitions in bankruptcy filed yesterday
in the United States District Court we're
MORRIS NEUTRALITY-SUSPICIOUS. petit
ton against Morris Linbling. restauratour,
~ West Twenty.tirst Street. by benjamin
not stated. Leon Dashew, is Park Row,
attorney for pet!tioning creditor.
and Lyman Levy. trading Green &
Levy. fur dealers. 2os West Twenty seventh
assets. $500. Diamond g. Abra hams s'' il
Park Row. attorneys for creditor petition
MORRIS MINDLIN e. Co.-1nvo,u,,, ~,
petition against Morris Mlndlin and Harry
Friedman trading as Morris NI!ndlin a ~
d sahsnxs $1,000 % , aSsets Albert
petitioning creditors. N'
Schedules in bankruptcy
Tho following schedule in bankruntcv
was Hled yesterday in the United Stntes
HARRY Observation-Disclosures, .,
Harry Ncmhauscr. denler in butter and
eggs. l7l6 Third Avenue. give ia h,,i 1i.,s
OF tl2,ll2 with nssots of t62O5 .fnn.ph
h ,'. 1s9 broadway. attorney for the
Receivers In bankruptcy
receivers In bankruptcy appointed yea
terdny In the United States District Court
were as follows. N'
xn M. s STE, u, 81 INc.-Judso John c.
c MnvH SS nr Samuel II. Lummin re-
or o slS.ooo' Liabilities $50. 900. assets.
MonHIS LlE BI.1N0--Judge Knox ap-
Morris L'ebling. restaurateur. IA West
I WehIy,m,' ms strset with bond of $1,000
MoppIs "a" an "Sse'" not stated
Judge Knox appointed Lawrence I,ercn-
ION yy receiver rive dor Morris Green and Lyman
ncv"nth street. trading m Green 4 " Ivy
WIN IA pong OF $4,000 liabilities. 37'7o0.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-06-02
Not An Unusual Case

Question--when Laclede Gas first and
PER bo cent dns oo 1922 put
ssidered had made a good Investment,
because the house from which made the
purchase has a fine reputation for reia
biity notice they are selling now at
81 or 88. about a Q per cent yield | would
ike 70 purchase another $500 worth, I'M
less there IS something moro than the
general weakness of tho investment mar
ket the matter with the security Would
You rank Allied Packers 6 per cent. due
G 1sss as as better or not as good as Laclede
Gas rs What Is the prospect for New
York Air Brake continuing its 10 per cent
dividend What do you think of the Lord
Dry Dock Company per. cent preferred
recently put on the market? While this
rs a new issue understand 1t to be a
combination of going concerns.-u. w. c.
Answer-Since you purchased Laclede
Gas bonds the investment situation
mas undergone great change. Liberty
issues have sold down to new low
ngures and a considerable amount of
financing has been done by various cor
porations at hight interest rates. Quite
naturally all forms of investments have
had TO conform to these conditions. We
see no reason why you should be
alarmed over the price of Laclede Gas
IN our opinion they offer as good an
Investment as Allied Packers bonds
New York Air Brake only earned the
equivalent Of 1924 on the stock for
1919, against s2o53 in 1918 and ss2I5
IN 1916. The dividend rate in normal
,lmes was per cent. In 1912 it was
put 1 = per cent. 1t is quite probable
that the directors would not hesitate
TO reduce the dividend if such a course
seemed expedient. We do not recon-
mend the tn, stock for investment pur-
poses. The Lord Dry Dock COMPANY is
a, consolidation Of several concerns,
We have no information as ~ w.
earnings of these companies. For that
reason we would not undertake to ex.
press an opinion as to the merits Of
the new preferred stock.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-06-02
Burlington Road
Net Income Shows
Increase for 1919
Operation Costs Federal
Government Sc, 478,986;
Total Revenue in Year
Gains Over S3,OOO,OOO

Net corporate income, after charges
and war taxes, of s23,542,47o is shown
In the report Of the Chicago, Burlng-
ton & Quincy Railroad for the year
ended December 81, 1919. This was
equal to $21.24 share on the S110 ,839, :
100 capital stock, compared with $20.56
share earned in 1918. Last years net
income was arrived at after charging out
debit balance Of $1,256,640, which &C
crued from prior period. Excluding
this item, the 1919 surplus would have
been equivalent to $2238 a share,
against 1929 the preceding year.
Last years Federal income account
showed net operating income Of see, $751;
697, compared with the company's Fed
eral compensation of $33,360.683. or a
loss for the government Of SEATS, 9s6;
Without the benefit Of the Federal
guaranty the result of operations in
1919 would have been $17.76 a share,
against 1854 in 1918.
Total operating revenues last year
were 1854 ,011, 437, an increase over 1918
of S3,S38, 1858. Operating expenses
amounted to $12o,492,962, gain of 49,
425,346.
Although the total tons Of revenue
freight IT, carried last year.. amounting
to 7,028,9S9, showed a decrease Of
Of the Burlington, says in the report
that the tonnage Of oil originating on
this road showed an increase of % 8
per cent over 1918.
"The great bulk of this oil originates
in Wyoming" Mr.. Holden added, "and
our revenue in 1919 was S5.19O190, as
compared with SS37,352 in 1915"
Mr.. Holden said the falling off in
revenue freight carried last year was
i1xy k,, L..
of business following the declaration
of the armistice in November, 1918,
and the coal strike in 1919. Coal tom
3 7s6,7es a'0"e last year decreased s.
The average revenue per ton mile,''
continued MI. Holden, Increased from
~ to 80 mills, or 21.6 per cent, and
the average revenue per freight train
mile increased from $493 in 1918 to
VI. 90 IN 1919; due to the general IN
crease in freight rates effective through
out the entire year of 1919 and only
from June 25 in 1918.
During the year expenditures for
investment in road and equipment
amounted to s5,s16,3O5 in road, ST.
378,456 in equipment and s234,313 in
general expenditures, a total of So
929074. No new construction projects
of any magnitude were begun and
capltal expenditures were directed
primarily toward completion of con-
struction projects already under way
to additions and betterments incident
to normal program Of maintenance
OF the. property and particularly tow
ard minor Improvement calculated to
increase the traffic capacity of the
road and to promote general efficiency
of operation.
New power and equipment delivered
during the year consisted of go freight
and 20 switch locomotives and 1000
coal and "a box cars. In addition
there were manufactured at the COM
Panys shops two way cars and 12C
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-06-02
Acceptances i'm Rubber Trade

The use Of trade acceptances by rub
Der manufacturers is growing, according
to statement issued yesterday by the
American Acceptance Council, and is
proving satisfactory. Of forty-nine
companies into whose selling terms the
council inquired, thirty seven, or rs
per cent, use trade acceptances; eight
do not, and four have not responded to
the inquiry. The use of the accept
anccs is limited mainly to the merchan-
dising Of tires and tubes sold on spring
dating terms, but is being introduced
gradually into other departments.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-06-02
Williams Succeeds Thompson

Richard H. Williams, Of the firm of
Williams & Peters, coal merchants, has
been elected to succeed W. B. Thomp-
son as a Glass B director Of the Fed
eral Reserve Bank Of New York. Mr.
Williams IS a director Of the Pennsyl-
vania Coal Company, director and
member of the executive committee of
the Equitable Life Assurance Society
and director and member of the
finance committee Of the Atlantic Mu-
tual Insurance COMPANY.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-06-02
Speyer & Co. Buy
Frisco R.R. Bonds
From French Cow
S21, 900, O0OIssue Modified
During War for Stabiliz-
ing Exchange; Originally
Held by French Investors

C1,u a n.
-, SpoyeS q 90 Aniouheeo YESTERDAY
uiaL .neS naa concluuea hegoslatlohs
~,rn sn emvn goseiiainet 60, i oao o one
81 g. lass s; O. "gpa oAiina' e1y l,ooo,oVo
oe. Louls,9ah Frshclsco halIway oom-
ppany oenus' WHEN iepresen. tne e9ulva-
IcnS " az issuo pousn1 az Inc Deelh-
ing ~ .ne war ron fehch c4.lLehS
ln % oet ~ estaoilsn al AiherocaI
&c eu ~. iiiIs Iiaioacsioh 10 we lrsI
VI !ls hlho 70 TAKE place SINCE 'he close
% ne WIZ.
l.. IS uhoerseooa mat Ohe 'caran'
c luao SoHGp"ny was ny wiz
aptyer q 70 10 N '"e 90
"nich WIZ re
10 con
INC o. y L oan
u % 2o,ooV
ANYWAY
~ ooilu5,
FRANCISCO Nai y
e cum s1n I'VE a a0o 81 n9 9
q sIo,ooo,ooo ~, LouIs-.o@ll l:'.ic
per cenI income mortgage pohcs. r.
sum toeai " 'n eoo lsso o IS me EQUIV
i e T. oi aoou. qAo,ooo,ovo , olo 81. lou
q SSli 1i0hcisco general zen yer CEN
0o NJ , .s Co. ~. :,.
ane ptlee pau ioi tne 'aii"ey cum
pamS ooAu' W apeyei O. 20. Mss
sery caos s;s 70 ene cuiieh! MARE, pr'ces
-, Ilio "a" IN ren' 1s9ueS inVotFeu III ene
+ A., ol hj. 1no pi.ol ilen psl 90 -
~. Dcnus az ~" octiiiis 60 a. 'Ulig 90
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-06-02
Organize .Jewelry School

A training school for jewelry work
men IS being established at Milford,
Mass, under the direction of the New
England jewelers. Association and the
various state jewelry associations in
the New England group. The school
will be known as the New England
Jewellery Manufacturers Institute. 1t
is expected the school will be opened in
tho fall
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-06-02
A Well Diversified Ttat

Question--May I trouble Won ror ,o,.,oo
III reterenoe to an Investment OF $4,000 ?
T. T Tls,. to invest in the following: 81. 900
=, o 0n'ted states Steel per cent bond
8.,'V9 ~ ~ Atcnlson per cent bond; Stand
era on preferred. Northern Paciac pre-
lerred and Endicott-Johnson preferred
a. 'hese reasonably saf IN. H. b.
Answer-Each one of your selections
IS sound In our opinion. You have
CHOSEN we'll diversified list
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-06-02
DIVIDEND NOTICES
REPUBIIC IRON & STEEL COMPANY

KEPTBLIC IRON sTEEL COMPANY.
PREFERRED DIVIDEND NO St.
At 2 meeting OF the Board of Directors
Of tho Republc Iron & steel Company the
regular quarterly dividend Of sc on the
Preferred Stock was declared payable Ju4y
]. 1920. to stockholders Of record juno
Is, 1920. Books remain open.
COMMON DIVIDEND NO: Is
At a meeting OF the Board o. Director'
dividend OF ~ 's on tho COMMON stocit
was declared payable August 2 ls2o. r.
stockholders OF record July IS. 1870 BooNs
RICHARD JONES. JR.. SECRETARY.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-06-02
Investment
Information

Questions Of general interest to
ixvestovs s0iU b ansvered IN thts
column, in tohsch case only initials
s0ill be used. Others wilI BE- an.
st0ered by mail. Address all @m-
quiries, inclosfne stamped, od-
dressed envelope. to Financsu! Editor.
The Tribune, l54 Nassau Street, NsS
York City.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-06-02

waiter h, and E1warc II. HoselIe.
members of The btcn| ExchauK@. ma NJ
1red o. Befnhsim*r. haze fDrrnr1 co
s31ffnership. n tr4nsaet general STACK
SnG DoHd bfo<arszr buslncBs uDder ibD
ffso p4nis II EoseNe Il ca. with office
~ ~ afcysWs1
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-06-02
FINANCIAL MEETINGS
TITLE GUARANTEE AND TRUST COM

meeting of the stockholders of the TITLE
GUARANTEE AND TRUST COMPANY
WI be held at the principal Office OF the
company at l76 Broadway. In the Ror-
oush OF Manhattan. CITY OF New York.
on the 10th day OF June. 1920. at II
o'clock in the forenoon
me object of said meeting n to con-
s'oer and vote upon tho proposition TO IN
CreaSo the capital stock of the Company
rom 50 900, consisting of so 600 sharss
OF the par value OF 500 each. TO $4,000. 600
consisting or 10000 shares OF tho par
value OF 500 each. and to consider and
vote upon the recommendation. or ~.
l,oard or Trustees relating to tho issuing
CLARENCE II "R ~ s sSSeA, pu.
j. WRAY CLEVELAND, Secretary
New York. May 26th 1920
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-06-02
RAILWAY STEEL SPRING COMPANY.

May 27th. 1890.
A quarterly dividend q one OK AS n,
has this day been declared on the PRE-
FERRED STOCK Of this Company. pay
able June 2lst, 1920. TO Stockholders o.
record June 7th, 1920.
The Transfer Books will not be closed
Checks viii be mailed by the Bankers
~ Il. S. RANGHARr. Treasurer.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-06-02
American Telephone & Telegraph Co
Thirty Year Five Per Cent. Collateral
Trust Gold Bonds, Duo Dec. I. 1gae.

Coupons from these bonds. payable by
thcir terms on June l, 1920, at the ONCE
or agency OF the Company in New York or
In Boston, will be paid in New York at the
Bankers Trust Company. IS Wall Street.
CT. ID. MILNE Treasurer
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-06-02
RAILWAY STEEL SPRING COMPANY
so Church Street. New York City.
American telephone & telegram Co.

A dividend OF TWO Dollars per share VII
he paid on Thursday. July Is. 1880, 10
stock holders Of record at tho close o.
business Saturday. Juno -. 1920.
q u. MILNE. Treasurer.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-06-02

Fifth Avenue Space for Studio
Harris, Vought & Co. leased the fifth
floor at 100 Fifth Avenue to Arnold
Genthe for q studio,
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-06-02
Toronto
German Bank Statement

BERLIN, June 1.-The statement of
the Imperial Bank of Germany, as of
May 81, shows the following changes:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-06-02
Reason for the High Yield

Question: have In mind the purchase
OF a Weatherford Mineral Wells and North
western Railway Company first mortgage
per cent gold tSnd due August :! 1879
| can purchase a $1,000 bond for ssasss.
In 1890 what my chances In getting
the face Of the bond $1.ooo7 This looks
too good the yield is nearly 1920 per
cent. If the bond Is good. why IS 1t SELL
Ing at such a low cost?-H. r. D.
Answer-The Weatherford Mineral
Wells and Northwestern bonds, of
which there are 100000, are a first
lien on forty-one miles of road They
are guaranteed by the Texas & Pacific
Railway. The latter is in receivership.
Due to the oil boom in Texas the earn
ings of this road have increased con-
siderably. The bond you mention has
never enjoyed a good market, being a
lien on very small mileage. Should the
Texas & Pacific Company continue to
be able to report satisfactory earnings
the bond may be cared for at maturity.
On it's own merits we do not recon-
mend the issue for investment
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-06-02
Singer Manufacturing Comnanv

Question--Will you kindly give your opin-
lon resarding the stock Of the Singer
manufacturing Company? | notice quite
a decline in the price 1t there any par
ticular reason for this?-R L.
Answer-The dividend on Singer
Manufacturing Company was recently
reduced from 21a per cent quarterly to
~ per cent quarterly. This accounts
IN large measure for the weakness in
the stock.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-06-02
AMERICAN CIRCLE COMPANY

IkEFERREn STOCK DIVIDEND
Nan York. n. y. May IS. 1890
Tho Board &C Directors has this day de.
clared the regular quarterly dividend OF
ono and one ait par cent Il u 81. pay
ahle July lst next, to stooiSholders 81
record at ls o'clock noon ON Juno lsth'
1890.
Nj u. pROMBERG. Secretary.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-06-02
Miscellaneous Markets
New York State Bonds

issued In coupon and registered form,
not Interchangeable. Coupon bonds regis
The daily Gate City and constitution-Democrat. (Keokuk, Iowa) 1916-1922, 1920-06-29
PLAYGROUND
OPENED NOW |
Public School Spot at Twentieth and
Main Streets is Attractive Place
for Children to Play--Many
There Last Night.

The public school Fairgrounds We're
opened yesterday afternoon and eve
ming for the first time this summer,
with a number of boys and girls pres
ent to enjoy the affair, with an espe-
cially large crowd in the evening.
There were big children there and
little folks present, some of them ac-
companied by their parents who were
interested onlookers at the out door
frolics the children INDUCED in.
The grounds are open now during
each week day afternoon and evening
for the summer and all of the children
off Keokuk are welcome to go there
and make use of the many pieces of
play apparatus which has been INSTALL
ed there for this purpose.
Charles D. Clough Is custodian of
the Fairgrounds and will be there at
all times when the children are. He
is not a play supervisor but will see
that order is maintained on the
grounds and watch out for things gen
orally.
The daily Gate City and constitution-Democrat. (Keokuk, Iowa) 1916-1922, 1920-06-29
HARDING GOOD
ROADS BOOSTER
Republican Presidential Nominee
Says Transportation Has Made
Every Avenue OF
Civilization.

Senator Warren G. Harding, of
Ohio, republican presidential nomi-
nee, has been good roads booster
ever since he purchased the second
automobile to appear in the streets
OF his home town, Marion, Ohio.
He has keenly advocated the neces-
sity OF good roads maintenance, point
ing out that the thousands of dollars
spent for new roads are wasted il
the roads are not constantly Kept in
q state of repair.
In a statement to the Goodrich
travel and transport bureau, Senator
Harding said: Transportation has
made every avenue Of civilization.
Human progress is reflected in the
economic welfare Of the people OF
highest civilization. and there is no
advancement in production and ex-
change until there are highways to
facilitate the transportation involved.
We shall notably enhance the advan-
tages of American production when
we add to the convenience Of trans
portation through the construction OF
highways suited to the use Of modern
motor vehicles. 1t is the one agency
Of putting every community IN the
republic on the map of commercial
relationship"
The daily Gate City and constitution-Democrat. (Keokuk, Iowa) 1916-1922, 1920-06-29
Government Dairy Show.

WASHINGTON, June 29.-The
success of cooperation in the dairying
industry will be shown in an exhibit
at the National Dairy show in Chi
cago, October TIC, by the department
of agriculture.
The value to the community of Co
operation of the various local agen-
cies will be pointed out in compari-
son with individual dairying without
coordination of banks, transportation
lines and manufacturers.
Model creameries turning out mil
lions of pounds of butter, cheese and
condensed milk from by-products such
as skinned milk at reasonable prices
will form part of the exhibit, it was
announced.
A portion Of the model community
at Grove City, Pa, built under the
supervision of the department, will be
reproduced as an example OF what
may be accomplished.
Special methods of manufacturing
various kinds of cheese heretofore OBJ
tanned from Europe regarded as SUI
! Derior to the foreign brands will be
given. A miniature factory will op-
crate at the fair and serve sandwiches
spread with Swiss and Roquefort
cheese made in America
The daily Gate City and constitution-Democrat. (Keokuk, Iowa) 1916-1922, 1920-06-29
Unit Rule Knocked Out.

limited Press Leased Wire Service.]
SAN FRANCISCO, June 29.-By a
vote of "a to II the rules committee
TODAY knocked out the unit rule as it
annlies to the New York delegation
in the democratic national convention
The fight now will probably go 10
the soor where the rules committee
must be accepted
bv all the delegates.
The rules committee adopted the
following resolutions which was in
force in the convention of 1872:
Resolved, that in casting votes on
the call Of the states the chair shall
recognize and enforce unit rule en-
! acted by state convention, except
in such states as have by mandatory
statute provided for the nomination
and election of delegates and alter
antes to national political conventions
in congressional districts and have
not subjected delegates so selected
to the authority of state committee OF
convention of party in such case nc
such rule shall be held to apply.
Under this resolution If ratihec
New Yory's vote will be split up ano
McAdoo is expected to get a big per
centage of it