davidaulloa/AmericanStories huggingface dataset:
The Bridgeport times and evening farmer., 1920-10-08

In all walks of life know the quality of the
 Congress Flannel Shirts They real com
 fort giving shirt, especially in Fall and Winter. The designing is perfect, which assures perfect fit The Flannel used in theirs shirts will prove it's quality, by wear. It is not too heavy too light but as you would say s'just right We show
 ing them in Grey and Khaki. They have the vest pocket some have two. Prices are from G3 -nn up
The Bridgeport times and evening farmer., 1920-10-08
STARTED AS BOoTBLACK.

(By International News Service)
 Tina, Neb.,- Oct. s.-Showing that even in these days industry and per severance will win, Edgar Bridges, once a bootblack on the streets of Alma, is now owner of a large whole sale grocery house at Goodland, Kan. Bridges worked for a long time as a travelling salesman.
 Advertise in The Times
The Bridgeport times and evening farmer., 1920-10-08
What Are Your Toilet
 Needs?

Low Me Perfume, 1-4 oz. bottle ..... .... :. 5Oc Johnson and Johnson's Talcum Powder .. .. .. 19c Kolynos Tooth Paste 2Oc Forhan's Tooth Paste
 =. 23c and 4Sc AIbordons Tooth Paste 23c Pepsodent Tooth Paste 3Sc Absorbent Cotton, 4 OF. package .... .... ...... Aoc s OF. package .-.. .. 4oc Rainbow Dyes-one dye for all materials,
 ... Sc or 3 for 25c
The Bridgeport times and evening farmer., 1920-10-08
 U Il  


Much these special offerings gains which should ins and vitality into Saturdays selling several large me enables benefit
  Felt Hats Shirt Waists Peticoats Marabout Feather Reliable Guaranteed Rain Leatherette Coats Veils Yelling
New-York tribune., 1920-05-02
Sligo Iron and Steel Company

Question-Am Interested in the Sligo
Iron sreel Company. Can you give me
would you consider it good buy at $40
per share? Company is located at Con-
neIlsviIe. Pa Anything that you may be
will be greatly appreclated.-J. w C
Answer-After being in existence
nearly e century (thu prospectus states
it has been actively engaged in the
manufacturing of comm erciel iron and
steel products since 1929 this COM
pany has a small group of mills, said
to have a capacity of 1900 net tons To-
Gated at Connellsville, Pa, on g tract
Of sixteen acres. 1t had only about
$4,000 IN cash on hand when taken over
by the present management about a
month ago. AS 1t has always been a close
corporation, there is nothing to show
what profits it made for~ It's former
owners. Since 1915 it has been op-
Grated as subsidiary OF the Federal
Export Corporation, AZ Broadway.
The present reorganization was eff
fected on the basis OF capital Of
100000 shares of no par value. Of
this amount the former owners, we
aye Informed, took about 122 900 shares
in payment for the property. An offer
ing Of 10000 shares is now being
made at SO share for the purpose,
so the prom oters state, of providing
liquid capital to continue operations.
The president of the company, w. ".
Darley, places q rather generous esti-
mate on future profits. Paradoxical
as it may seem, this enterprise appears
TO be still in the prospect class, and
the stock, in our opinion, should be
judged accordingly.
New-York tribune., 1920-05-02
Depends on Interest from r. BRr Ronds

.Snestion-In the spring of le15 bought
row r1s,u"o OF the Interboroush Rapid Transit
were highly recommended to me- nsiH -
sS'so, putting ia all of my money. exc@pt
an. xno NOT able to work and depend on the
interest hm,ss for my support. In there a posi-
eility OF the company defaulting fhe In,
aate later? should they Y do So n an 1t,
,e1est aCcumu!ative and tiu we get il
IS5S W Can the bondholders be assessed
no are selling these bonds from "A TO b2 q?
who Is buying these bonds? Is The citv or
On tSsso SS,oS%hhoiders holders holding for the interest
on these oonosf Any suggestion OF rec
ommendstion will be appreciated.-C q O.
Answer - The Interborough Rapid
transit Company is responsible for the
interest on the per cent bonds. If it
Is unable to pay it after a reasonable
time the bonds are in default. Steps
would then be taken, in all probability.
by the bondholders' committee formed
Tor the purpose, to bring foreclosure
proceedings. The bonds are first lien
on the entire assets of the company
"A considerable amount or money which
mas been put into the property by the
city is subject to these bonds. What
the future will bring forth IS anv ones
guess. The company recently stated
Its pellet that interest would be paid
on the bonds July next These bonds
were soid at time when the property
was showing large earnings. Since
theh operating costs have Increased
enormously. There has been no in
crease IN fares. The result is obvious
The property is very valuable. There
can be no doubt about that. The pres
ent conditions are due entirely to cir
cunstances over which the company ap-
parently had no control. The bond
holders protective committee. headed
by able men, will DO all in its power
to uphold the interests of the bond
holders. The situation Is still a verv
uncertain one. 1t is out opinion, how
bonds has very largely discounted this
uncertainty. '''A'
New-York tribune., 1920-05-02
Not for Average Investor

Question: am the holder of Niles -Bement-
Pond common stock and intend TO increase
my holdings II you approve of 1t. Accord
ing to the balance sheet Of the company the
net current assets after deducting all liabili-
ties are e16.a2s. .oo0 the preferred stock
outstanding amounts TO $s.796.o0o which
leaves net FOR the common s11.s60. 900. or
the equivalent Of about slss, in net current
assets alone. Besides this the. property
account of the company. after heavy de-
probation, amounts TO an additional $lbS
a share. This makes total OF about $3.50
a share in the current and hxed assets,
while the stock Is selling around $ll6 in
the open market, or about 40 per cent
Of Its value According to the annual re-
port the company earned about s25 last
year--C. r.
Answer-Our position In regard to
common stocks has been somewhat
misunderstood. We are often asked if
certain issues of this class are good
investments. but we do not. as a rule,
recommend such securities, for the rea-
son that the variation in earnings over
a period of years is reflected in the
price Of the stock. The best illustra-
tion, we think, Is United States Steel
common. For while it paid dividends
at the rate Of II per cent year. The
purchase Of this issue at that time,
however, resulted in an investment
which only few months thereafter
paid only per cent, Thus while the
equity behind the common stock OF
United States Steel has increased, we
do not regard the stock ss good In
vesament tar thA kSaxaEa man ~
New-York tribune., 1920-05-02
Lower Grade Bonds His Choice

money witch wish to Se invest nouHI IN rni'waI oI
bonds In order 20 take advantage of the
present low rates at which railway Sc
curties are selling. VIII you be good
enough 20 tell me what railway bonds
IN your opinion, are to-day selling so far
below their real intrinsic value? do
not insist on having the Very best railway
bonds--auch bonds ars not selling as far
below their real worth an some Of tho
Issues OF smaller and weaker companies
l have In mind the purchase of Checa-
peake & Ohio convertible AVS Baltimore
& Ohio convertible AVS and some of the
issues OF the Denver g. Rio Grande, If
you know OF any issues that are selling
further below their real value than these
in regard to thern.--G. s. B.
Answer-Realizing, as you apparently
do, that there is certain element Of
speculation in the purchase of junior
lien bonds, or even Of first lien bonds
Of the roads Of second grade, we give
herewith list Of bonds which appear
to offer such opportunities as you de-
sire: Chesapeake 4 Ohio convertible
AZ per cent, Atchison adjustment 4 per
cent, Rock Island refunding per
cent, Wabash second s per cent, Colo
rado Southern Az per cent, Baltimore
& Ohio Southwestern 3is per cent, Den
yer & Rio Grande Improvement 5 per
cent, Rio Grande Western collate raj
per cent, St. Paul general per cent.
New-York tribune., 1920-05-02
Feels Loss of Dividend Keenly

ouestior--Could you advise me on a bad
Investment seem 20 have made? bought
In isl7 at $50 q share when it was frst
put out, and the first OF last year they
gave the stockholders the right to addi-
toTal shares at 4o Of which my amount
was 5, and bought the same at the time
tney We're paying dividends, but since a
year ago last February they have stopped
paying, As m working for small sal
airy, l feel this loss keenly. Would you Ad-
wise me to sell out now at about % and
ta.Se ea my loss or hodd on in the nope OF it
tns and putting it in .Anerican Telephone
ana Telegraph stocH-C r.
Answer experience in purchas,
Ing Pennsylvania Seaboald Steel stock
is just the illustration we use from
time to time in admonishing readers
OF The Tribune against buying securi-
ties OF that class for investment Many
investors are attracted to certain is
sues because they pay good dividends
when their earnings justify it, but
when business reaction sets in they
are very likely to find their dividends
reduced, II not entirely passed, as in
your case. When you invest your funds
manent income. Therefore, common
stocks almost invariably should be
given no consideration. It is a diff
cult thing to make up ones mind to
take large loss, such as you have
sustained; and yet you will be specu-
lating Just as long as you hold this
stock. What the future will bring
forth for Pennsylvania Seaboard we
cannot attempt to say. If you feel that
you should place your funds in Sc
curity of high standing, look over the
list Of Liberty bonds and see at what
attractive prices they can be purchased.
New-York tribune., 1920-05-02
Seeks Gilt Edge Securities

Question: have $1,000 to invest and
would Ike to average 6A to per cent
same. Have in mind Investments in
preferred stock and short term notes and
bonds. OF course, am vitality interested
IN have gilt edge security. WIN you please
suggest list OF securitiesr-S. s.
Answer-If you would have gilt
edged securities you cannot obtain ga
to per cent. Gilt edged securities
are the best to be obtained. Liberty
bonds, municipal bonds, high grade
mortgage bonds or guaranteed real es
tate mortgages are l. this class. The
yield is from to per cent. II you
would obtain the yield you state you
must realize that you are purchasing
securities Of somewhat lower grade.
We do not mean that such securities
have not substantial equities and earn
ing power behind them, yet preferred
stocks and notes are not the highest
grade investments. Among the fol-
lowing may be found what you desire:
Western Electric Z per cent notes;
Simmons Hardware 7 per cent notes;
Pennsylvania per cent bonds; Con-
solidated Gas 2 per cent bonds; Proctor
& Gamble 7 per cent notes; Bethlehem
Steel per cent preferred; United
States Rubber 8 per cent preferred;
Virginia Carolina Chemical per cent
preferred; American Can preferred
and Crucible Steel preferred.
New-York tribune., 1920-05-02
Strung Roads Have an Advantage

Question--In ar answer to J. E. B. re-
Gently you say it is your opinion that strong
roads will benefit more than the weak ones
from tho transportation act Inasmuch as
that act seto q definite percentage as earn
tngs on actual amount of investment in the
property, how do you arrive at your opin-
ion Under the act why are not the re-
Gently reorganized roads the better buy 2
They certainly have brought their capital in
vestment nearer to the tracks than many Of
the other roads.-S. P. P.
Answer-The railroad act does not
set definite percentage as earnings
on actual amounts of investment in
each individual property. The Inter
state Commerce Commission will, it is
expected, form the roads into groups.
Rates are then to be made which will
in the opinion Of the commission re-
turn 5h per cent on the total property
values of all the roads within each
group. Under these conditions those
roads having greater and better facili-
ties should, we believe, be better able
to compete for business than the roads
which do not possess these advantages.
A road may have been recently reor-
ganized but that does not mean that
1t seems to US that competition will be
somewhat keener, and that roads whose
managements are more efficient will
also have an advantage. Nor is there
any provision made for those roads
which are not able to earn the 51s per
cent on their property values. other
than that they may under certain con-
ditions borrow from the government.
II it should result that one road in a
group earns per cent and another 4
per cent there is no provision made for
the latter road to have the rates made
retroactive, so that it will receive the
siL for Ahe perioA We
realize that the situation is complex
and that perhaps after all it is any
ones guess. However, the situation as
we see it is that the advantage should
be with those roads which are In good
physical condition, not overcapitahzed
and which have the most efficient man
agement.
New-York tribune., 1920-05-02
Doing Good Missionary Work

Question-In several of your articles 7
nave noted the statement that "a ne
cent cent Victory bonds are now selling at a
tslee which VIII yield over per cent to
the INVESTOR In same, If held 10 lnaturitv
n 1879. have seen this same statement
s e!seWhere and have been trying to do NV
oIt Tor some people OF small means b[-
GrQnoucung llttle propaganda to buy
LIBERTY bonds q their present abnorrnaNy
low prices. | told some people last Weei,
that those Victory bonds would Yield G
per cent, out when I tried 10 prove It 7
round myself up against a piece Of arith-
netio which would not work At the
present price of approximately ee cant
see now they Weld muhc over per cent
frenhIa As havs no doubt you are right, could ]
arrive a. the result H. c. L
Answer-ln determining the Yield Of
bond you must consider the date on
which the bond is due. The difference
between the selling price and the price
at maturity (par) spread over the time
the bond has to run, added to the ac-
tual income, will give the approximate
yield.
New-York tribune., 1920-05-02
A Few Thousands to Risk

Question-what is the North American
rfper rhee, ana h Pulp? Is 1T an association or
use for speculative Investments. Would
you risk thousand in the North Amer
lean lean, Paper and Pulp? What is the par
selling at 20s. Is that advisable? How
about the Union Pacific preferred, selling
equipment stock out YETI What do YOU
think of 1T as an investment II. j. B
Answer-The North American Pulp
and Paper Company is a trust estab-
lished under Massachusetts laws in
1915. 1t controls through ownership
or majority Of stock, the Chicoutimi
Pulp Company, which i'll turn controls
the st. Lawrence Pulp and Lumber
Corporation. The company's business
Is said to be increasing, it having re-
tor delivery of its product to England
No recent statement of earnings is
available. We do not class the stock
as an investment, although it may have
speculative possibilities. Southern
Railway preferred stock sells for about
SOD share and pays per cent divi
dends. The common stock is the is
sue to which you refer. 1t Is. like most
other low-priced railroad stocks, spec
uiatlve on account of the uncertainty
Of the railroad situation. Most of
these stocks appear to have discounted
this situation to great extent. If the
property valuations by the Interstate
Commerce Commission are fair it
seems likely that Southern Railway
should benefit thereby. The par value
thereof is 500. Union Pacific pre-
ferred Is, in our opinion. q good in
vestment. Earnings Of this road are
good, even under present conditions.
There has been no announcement as
yet regarding the Union Pacific equip
ment issue. If put out we believe it
would be sound investment.
New-York tribune., 1920-05-02
would Pledge Bonds to Buy More

m 42uesS1on--i 2 own outright the following
tAuroau oonds: Baltimore e. Ohio refund
ing 6s $4,000, at 60h: Chicago. milwaukee,
. 81. Paul convertible 4,as 1892, s. 600, at
% baltimore & Ohio convertible DIS. 1888.
$1,000; at 591s: Chesapeake & Ohio con.
neIloie 4'as, 1880 $1,000. at SO. These
pi!ces pFactlcally represent to-day's mar
het and at such figures show an exceed
nisIF LEY good yield. Do you thing sufficiently
wgn s'd1.IsN oil 1he future of ,raIlroda bonds to
adI'so pledging the above as collateral
ana reinvesting in similar issues? If so.
IS the above list good choice or do YOU
recommend some other r--E r. s.
Answer-The bonds on your list are
not of the highest grade The invest
ment market has been greatly depressed
Of late, due to variety of causes. the
chief Of which is the sustained high
rates for money. St. Paul and Balti-
more & Ohio issues have perhaps shown
greater weakness than most otherlrail-
road bonds because of the poor show
ing made by these two roads during
inc last two years. The railroad situ-
&tion still remains an uncertain one.
let II Is our opinion that bonds Of
his character should benefit by the
legislation recently enacted. AS to the
advisab'lity Of purchasing moro Sc
curlties of this class. that is q mat
ter tor your own Judgment, for as long
as the present conditions prevail rhere
will, we believe. be considerable ele-
ment of speculation in such issues
New-York tribune., 1920-05-02
Is Not Pressed for Money

Question: am taking the liberty Of ask
ing your opinion of the following securities.
which I own: that is, any information you
may have regarding the present earnings of
the respective companies and whether you
would sell any or all Of them at the present
market or hold for an advance ! am not
prospects Of the companies are good I can
afford to hold them while longer. The
stocks III question are, viz: Three shares
Great American Insurance Company, bought
Mt 255 per share; five shares Coca Cola Com
pany common, at 40; five shares American
Snuff Company common. at 1876: ten shares
Tobacco Products Corporation common, at
- twenty shares American Tobacco Securi-
ties Corporation, at T0A; fifteen shares
Pennsylvania Railroad Company at A. I
also have about $1,000 that I wish TO invest
IN some gi!t-edged bonds or preferred stocks
to net me between J and per cent on the
Goodrich hve-year per cent bonds and the
Cuba Cane Sugar Corporation ten-year
per cent bonds; also Western Electric and
Texas Company per cent bonds, all Of
which are selling slightly below par p
Nj. L. H.
Answer-The Great American Insur-
ance Company is a prosperous concern.
Large dividends are paid and valuable
distributions have been made recently
IN the nature of rights. We regard the
stock as a good business mans invest
ment. The other stocks on your list
are speculative. Whether they will sell
higher or lower in the future is
question we cannot answer They will
probably follow the general market
pretty closely. We do not regard them
as good stocks for pure inves tment pur-
poses. The notes you mention are all
we'll secured at this time, earnings be-
ing ample to care for interest charges
several times over. Other issues offer
ing high yields are Pennsylvania 7 per
cents, New York Central equipment T
per cents and Simmons Hardware 7
per cents, 1926.
New-York tribune., 1920-05-02
Submits a Diversified List

Question--HAvtns some money to invest
! have selected the following stocks and
intend purchasing ten shares OF each
unless you advise otherwise, and / ask
your ADVICE. and any suggestions you
make will be greatly appreciated. Rail
roads: Union Pacific preferred, Atchison
Topeka & Santa Fr preferred Great
Northern preferred ana Pennsylvanla In
dustrials: American Locomotive preferred
United States Steel preferred, United States
Rubber preferred, Standard OIL of New
Jersey preferred. American Car & Foundry
preferred, American Sugar preferred,
Steel per cent preierred. Central ':sHaa Lesthsr
kell & Baker and National Enarhei,ne &
Stamping preferred Coppers: Anaconda
ana Inspiration.-J. L.
Answer--The industrial preferred
stocks you have chosen all appear to
be worthy Of consideration as invest
ments. They are we'll diversified. and
show ample earning power. Union
Pacific preferred and Atchison pre-
ferred also are entitled to good ra-
tions. Great Northern and Pennsylvania
we do not regard good investments be-
cause there is too much uncertainty
as to their ability to operate success
fully under the new railroad legisla~
ton. Haskell, 4 Barker and the two
copper stocks are even more specula-
tive end for permanent investments
we should not consider them.
New-York tribune., 1920-05-02
A Gift We Do Not POSSES.

Ques toni am the owner Of some Ameri-
can Ship and Commerce stock. for which I
paid SIS per share Kindly let me have your,
valued opinion regarding the Immediate
future possibilities of this stock.--L. X.
Answer-1t would be gifted person
indeed who could tell the Immediate
future possibilities Of a stock We
certainly do not pretend to know
American Ship and Commerce stock is
speculate enough to keep one guess
ing. hen the stock market is under
going vast amount Of liquidation such
as we have witnessed this week practi-
cally all speculative issues go the way
OF the general trend, and vice versa.
New-York tribune., 1920-05-02
American Telephone and Telegraph

Question: am interested in American
Telephone and Telegraph at I0I. and
would IKE TO ask II you think this a safe
investment. I have heard severa! rumors
that there Is possibility Of a reduction
IN dividends. which. II tina. IS the case
would send the price OF the stock down
Would you advise holding or selling and
taking the first loss. as it is lower now
than I paid for It IS. NJ
Answer-The last annual report OF
the American Telephone and Telegraph
earnings available for common stock
dividends had been about per cent in
excess Of the per cent annual dis
hursement- This, in our opinion. Is not
large enough margin to give the
stock a high rating as An investment,
especially as the company has been
forced to do considerable financing OF
late. We have heard nothing author
tatively concerning a reduction in the
dividend rate, but it is because this is
nearly always . possibility in the case
~ nnen6AR aAAaEa AAaA 60 AA 1aA aa~
New-York tribune., 1920-05-02

woman. Our idea Of an investment IA
tne purchase for income purpoaes only.
ana an the best kinds of Investments are
NOSE securities which are not SO SEN
S,tlve to earning power. Niles Bement-
rond ls sound corporation, we'll
managed. The dividend policy Of the
company has been conservative. the
directors not hesitating to increase or
decrease the disbursements as the earn
lngs dictated. Many people can, Of
course, afford to buy this class of
security. but we endeavor to be conser-
NatiVe IN our advice, pointing out what
ever speculative features are embodied
III stock or bond. Therefore while
we, we realize the very strong features Of
y es~bement-P Pond, VIC cannot consis-
eehtiy advise the purchase of the COM
mon STOCK tor the average investor
New-York tribune., 1920-05-02
Two Of a Kind

=, ouestion--Do you consider the southsrn
Pacific Company stock good buy for in
vestnent at the present price (about 90?
Are the chances for gains IN market
price as great as some fnsncial writers
claim? Which is the better buy for in
Testment, Southern Pacific {sA) OF Reading
(79) n K.
Answer From speculative view
point Southern Pacific may offer con-
siderable in the way of opportunities.
As an investment for income purposes
we do not regard it as attractive.
Many people believe the company has
valuable assets, which fact will be re-
flected, If it is not already being re-
Elected, In the price Of the stock. The
stock yields slightly over per cent,
whereas most other railroad common
shares yield q good deal more than
this. The same Is true of Reading,
and for investment purposes it is not,
in our opinion, attractive. The Su-
preme Court has ordered the company
TO segregate its coal properties from
the railroad. The recent action Of the
stock would indicate that holders an
ticipate a melon" This fact places
the stock in highly speculative po-
sition, for It is not generally known
what the company's assets are worth.