davidaulloa/AmericanStories huggingface dataset:
New-York tribune., 1920-06-27
Another Low Priced Rail Bond

Question-Do you consider Western
notice to-day's price is around So What
Is the reason for it selling SO low ?--M q.
Answer-Western Maryland per
cent bonds, of which there are SAG, ,633,-
900 outstanding, are secured by first
lien on 332 miles and by the deposit of
S2,619,000 Of securities. This is high
rate per mile. The bond is not high
grade, and sells to conform with like
issues. However, it is our opinion that
railroad bonds have largely discounted
situation and that their purchase at
present levels is desirable. Western
Maryland 4s offer, we think, very fair
speculative investment possibilities.
New-York tribune., 1920-06-27
Liggett's International, Inc.,
Gets Massachusetts Charter

: BOSTON, June 2s.-~Capital stock OF
sbo,0oo,ooo. the largest amount author
szsd in this state, is provided for in
the ehsrter Of Lggett's international,
Ltd, Inc, which was granted by the
tommissioner Of Corporations to-day.
The company, which il given the right
10 engage In many lines. from drugs to
livestock, manufacturing and real
estate, ~ to be holding company. IL
y understood, for the United Drug
tempAnys foreign eobsidiariea, In.
ys.uH1nE Boots Pure Drug Company.
sAay British chain system OF several
'Hp"'e1 Ss"rss r"~"rtly Gcgnfred.
New-York tribune., 1920-06-27
Willing to Help the Railroads

Question: have noticed that occasion.
ally you speak very highly Of the New
see Sork them esntrpl onots% bonds
mentioned them as paying Z per cent. Can
one buy $500 bond of this issue? Nv I'M
preston Is that all the bonds which you
speak we'll Of are $1,000 bonds Am
wrong! have been buying Liberty
bonds from time to time, because one does
need to get $1,000 together to invest In
Liberty bond. ] should think that new
issues OF railroad bonds. because of urgent
need. could be made in more popular
a amounts, following the example OF the gov.
ernment 1t takes some time for the aver
age age man to get together 81 900. This
letter Is prompted by an appeal in a time
tneir need for bonds for equipment
would like to respond a little from time
70 time to the needs of other borrowers
than Uncle Sam, but he is the oniy ons
VINO makes 1T easy.-M. H.
Answer-The New York Central Rail
road Company Z per cent equipment
certificates, due annually from April 15.
1921, to April Is, 1896, are in both $500
and $1,000 denominations. The issue is
for $36,225,000 and the cost of eouin-
ment is said to be s4s,31S,3o0. We con
slider them very high grade invest
ment
New-York tribune., 1920-06-27

phone per cent (1s46), New York
Telephone first Az per cent, Armour
& Co. Az per cent. We regard the
following preferred stocks as high
grade, seasoned and not so sensitive to
earnings as to place them in the specu-
lative class: United States Steel pre-
ferred, General Chemical preferred,
National. Biscuit preferred, National
Lead preferred and American Tobacco
preferred. Standard Oil of New Jersey
preferred, while new, is entitled to
classification with these issues, as the
margin Of earnings over dividend re-
quirements has been ample for many
years. All are cumulative. All of
these issues are obtainable on the New
York Stock Exchange in lots Of one
share up.
New-York tribune., 1920-06-27
Seeks High Grade Baby Bonds

Qucstion-Piease tell mo the names ~
Some some 500 90 bonds git edge, OF the highest
clude about three railroads. three indus-
trials trials, and two public utilities. which you
but | ask that far as your judging Is
concerned the denomination be Incidental
After accomplishing ten baby bonds. how
at at what cost? Is this possible with ali
, oany bonds? Can you tell me Of two
namu!aeiye nor,nn u, preferred stocks which in
ra,her , than stocks, sensitive to money
rates rates. rather than n, earnings. etc? .(By
are no such, please tell me tho nearest
two approaching such Please comment
on na Cniied n,i S'aiss Steel preferred and stand
regard. Is the latter obtainablc in small
odd lots?-N. o. ' ''''"i'
Answer-We have found that many
Of the bonds issued in denominations
OF 500 are not readily procurable, and
that frequently when they are avail
aole the price is from ] to per cent
above the price for $1,000 bonds. Very
few of the old issues Of bonds were
made IN 500 denominations. 1t is best
,nat you consult some good bond bro
@ ker, VINO may be able to find such is
sues for you. With the exception OF
Liberty and Victory issues, we know OF
no case where ten 800 bonds may be
exchanged for one $1,000 bond. Among
the best railroad bonds are Atchison
general per cent, Union Pacific first
4 per cent, Pennsylvania consolidated
= per cent and 4h per cent, Southern
racine refunding per cent. Louisville
q Nashville unified per cent and
Chesapeake g. Ohio consolidated 6 per
cent. High grade Industrial and pub
lic utilities include United States Steel
SINKING iund per cent, United States
knbber firSt per cent. American Tele.
New-York tribune., 1920-06-27

regard the bonds as a very good in
vestment. At the present price, about
891s. the yield is about 5.65 per cent.
Atchison adjustment per cents are q
second lien on the property covered by
the general per cents. They are q
good bond. Other good issues in $500
denominations and yielding we'll are
American Telephone and Telegraph col
latera. 5 per cent, 1916; Denver & Rio
Grande first q per cent, 1886; New
per cent, 1899; Consolidated Gas per
cent, 1925, and Western Electric z per
cent, 1925.
New-York tribune., 1920-06-27

Qusstions Of general interest to
tnvsstovs sciu be axs,uered in this
column. IN .0hich case only initiois
s0iu 10 used. Others witl be a~-
s>cered BY mail. Address oil In.
suiries. inclostmg stamped, 81.
9resss6 envslope. to Financial Editsr,
TAs Tritums. 1s1 Nossau Street. Ns1s
York City.
New-York tribune., 1920-06-27
Bush Terminal Buildings Rnnd.

Question-Is the Bush Terminal Build
ings hrst guaranteed S per cent bond a
sound Investment? How is this bond
guaranteed and when 1t mature? I
bond has been recommended to me-D. l..
Answer-The Bush Terminal Build
ings Company first s per cent bonds,
due April l., 1860, are secured by q
first mortgage on number of large
modern terminal factory buildings In
Brooklyn and Manhattan. The bonds
are guaranteed by the Bush Terminal
Company. We regard them as a good
Investment.
New-York tribune., 1920-06-27
Not a Woman's Investment

Cuestion--Do you consider the Rauch &
Lang stock now being offered by II. w
Dubiske & Co, Chicago. is desirable in
ves;ment Mrs. NJ. e. II.
Answer-R. N. Marshall, manager Of
the Wall Street district office of H. w.
Dubiske & Co., Inc, informed The
Tribune that he does not, as a rule,
sell this class of security to women.
We are inclined to agree with him that
you can find investments better suited
to your needs.
New-York tribune., 1920-06-27

years past. Railroad and industrial
bonds we'll secured, such as St. Paul
general per cent, Illinois Central 4
per cent 1853, Atchison adjustment
per cent, New York Dock 4 per cent,
American Telephone 5 per cent 194s,
all yield over per cent; while United
States Steel preferred, Standard Oil
of New Jersey preferred, Central
Leather preferred and American To-
bacco preferred yield close to per
cent
New-York tribune., 1920-06-27
Widow Is Worried Over Bonds

Question-Ten years ago my husband
bought three $1,000 Toledo, st. Louis &
Western Railroad bonds They were con-
them. He died six years ago and left
them to me- have received my interest
when due. I read in Sundays Tribune
about. their being litigation over the valid
ity OF the company's A and B bonds Sc
advise me? Shall keep them and await
developments? have six children and
am financing them through college and
am worried over money matters now
80 u you could give little advice
would appreciate 1t very much-F. B. D.
Answer-It is our opinion that the
present is no time to sell railroad
bonds. We believe that practically all
the bad features of the situation have
been we'll discounted by the prevailing
low prices. To be sure, money and
credit are such that it is not likely
that prices of such issues will enjoy
any sustained advance, yet with the
hoped-for rate increases, together with
the increased values of property in
vestments. it seems to us that railroad
bonds, generally speaking, have very
nearly approached their low level. The
Toledo, st. Louis & Western per cent
1850 are not of the highest grade, being
secured by second lien on 450 miles.
However, the earnings of the road
have been far better during these
months of 1920 than for the CORE
spending period Of 1919. We do not
think the litigation over the Series A
and B bonds will adversely affect this
issue. Our advice is to hold the bonds.
New-York tribune., 1920-06-27
Bond Yield Battles Investor

8, Qus,stion-Kindly give me your advice II
cent een mesa psaae Ohio convertible ~ per
small man? don't see how it Yields 70
per cent on the present quotation at 10. I
haye h,Ns & 1900 saved up and would like
high grade security Is Pierce on pre-
ferred. Welding 10 per cent a good sccur-
ny! ~ ~ Is & the dividend assured in the future
cent better than the other? viii watch
for your reply in The Tribune.
Answer-The Chesapeake & Ohio
convertible Az per cent bonds (no
longer convertible) are due in 1880. In
figuring the yield you neglected to ac-
count for the difference between $700,
the present price, and $1,000, face
value, to be paid in ten years. Roughly
1t would be figured, then, at 70, the an
nual return is 6.43 per cent. The $500
spread. over ten years is at the average
rate OF about 8 per cent year, which,
added to the 6.43 per cent, gives a
yield to maturity of about 9.43 per
cent. This is approximate, not accu-
rate. as the compounding Of interest
should be considered. The bond is not
we'll secured, although the road in nor
NAL times has been good Garner We
belieye it offers very fair speculative
investment opportunities. You mention
high grade security to yield or 8
per cent or more. High grade securi-
ties do not give any such return. The
earnings of Pierce Oil are sufficient to
care for preferred dividends at present,
as is the case with the Famous Players
preferred stock. What the future holds
for these companies we cannot attempt
to state. It is our opinion that sen
soncd preferred stocks, such as United
States Steel, Standard Oil of New Jcr-
sey. National Lead and United States
Rubber, offer better investment oppor-
tunitics.
New-York tribune., 1920-06-27
An Unanswerable Question

Question: have some American Can at
81. Would you advise selling at tho pres
ent price or holding it? Do you think It
VIII go higher this summer?--C. E.
Answer-Amercan Can Company
common stock is speculative issue. 1t
moves, as a general rule, with the spec
ulative stocks. At present the market
is depressed, owing to a variety of
causes, notably the money and credit
situation. What the course Of this
stock will be we cannot attempt to say.
There are far too many elements enter
ing into speculation for US to attempt
to forecast prices.
New-York tribune., 1920-06-27

A full column Of inpesi.
n,ent questions and ans,Uers
is published in The Tribune
every .ceekdoy.
New-York tribune., 1920-06-27
Woman Seeks a Chanv.

is invested in railroad stocke y se'a, aSob eaplta al
AAtch!s9n Atc Northern Pacac New w! Yorls rs
Wa.,a %Wesern and Delaware. Lackawarna e.
western For some. time I have been
.ooMing sol Tor an opportunity to switch into
have 14o shares OF Delaware. LacIowanna
g western Of which am thinking OF sell
unted KnRdomp puof'1S If r.st the proceeds into
1ann o'ss 1922 ! have had the Delaware,
a,aGNdwanna aa', ap ann g. Western for many years
to sell il III it ow Foes Wnat so od It cost but expect
this? Since the other stocks mentioncd
are ,,,tn, seit'nK ~ on such high yield basis. 1
Am right? ] have confidence in the
future OF the railroads and do not wish
to Fee Teduee ose @ OF them entirely but merely
investment-Mrs. P. r. F. -
Answer-The railroad situation is
sun uncertain enough to cause con-
siderable .uneasiness in the minds of
holders of railroad shares. We have
maintained for some time past that
before very long it will be realized
tnat the railroad companies are oper-
ating successfully enough to give in
vestors feeling of relief. It would
appear that railroad stocks, by selling
70 such low levels, had discounted
about everything in the way of bad
news that one could conceive. Al, 10
stocks you hold are those of the better
grade. While uncertainty still EXISTS.
thus causing the stocks to be more or
lcss speculative, we are inclined
nevertheless to think you would do
we'll to await. a more favorable market
before disposing Of your shares. There
mas been a recent rise in the price of
Delaware, Lackawanna e. Western
stock. due in all probability to the
building up of short interest in the
issue. Latest prices show considerable
ADVANCE over those of n few weeks ago.
when directors of Chicago & North
western reduced the dividends on the
cempany's stocks. Many operators
sold other issues short in the horo
that further dividend reductions would
be announced. This has built nm
snort interest in many railroad issues.
Rail Stocks Uncertain
Qucstion-Wiil you please give mo v,,,r
opinion Of the advisa billy Of purchaainn
s.liinxy lminsy'Sanls VI ss M1ailroMd which Is listed az
ana hent Corporation at 2M should
10 ment oner relative to any desirable invest
,ient. Y. am not Interested at ali in
Liberty bonds.-Miss NJ. NJ IT, ~
Answer-lf it is your intention to
purchase securities for permanent in
come purposes we do not advise your
nuy'nE railroad common shares. There
's still considerable amount of un-
certainty regarding the future Of the
railroads, and though 1t is our opinion
that Pennsylvania, together with other
roads, will fare better under the new
legislation. this is only an opinion.
The fact that there is uncertainty
renders practically all railroad COM
mon stocks more or less speculative
United States Light and Heat stock
rs highly speculative. You would do
we'll to consider good bonds and high-
grace preferred stocks, which give
higher income return thnn for MANY
New-York tribune., 1920-06-27

Questfon-~Wiil you kindly advise me nm
nc United States Steel per cent bond ?
~ ~ TINS git edge investment? What are
AIso. do you think Atehison, Topeka g.
santa u" adjustment stamp ~ o good in
yestmenty WIN you give me one or two
d"nomlnstjon. of short and long maturity
yielding or pee cent "A. B. H.
Answer-United States Steel sinking
fund per cent bonds, due April /.
1853. are q lien on all the property of
the company now owned or hereafter
acquired, subject to s23G, ,675 900 fifty
year per cent Of 1851. A sinking fund
Of $I,oI0.O00 IL TO be used annually to
redeem bonds at no per cont. II is
calculated that this fund will retire tho
rnt're 'ssne - 10 bv maturity. We
New-York tribune., 1920-06-27
Has $1,000, Likes Steel Shares

Question am thinking OF buying
United states Steel preferred. but notice
that Bethlehem Steel preferred pays a
higher per cent. Have about $1,000, and
would like to know which you consider the
best investment. What ~ your candid
opinion on United States Steel common !?
&C. H.
Answer--United States Steel pre-
ferred is more seasoned issue than
bethelehem Steel preferred. While the
Iatter company has been successful, it's
great progress dates from the war ne
Rod. The former company has done
no financing for many years, while the
latter has made calls for additional
capital on several occasions. While
bethlehem Steel preferred is entitled
70 very fair investment rating, we
60 not consider it's position az strong
as that of United States Steel nrn'
ferred. United States Steel common
moves with the general list and is
speculative.
New-York tribune., 1920-06-27

h' Pittsburgh
-sS Am VII prods l2 l2 II II
500 Barnsd Cor B. 80 80 80 30
20 Kay Go Gas. =
100 LaBelle Ir pf.fsSia 1885, 133ia 1881
% Lone Star Gas. 26 &c 26 26
3o Mnrland Rig. AZ Aa4 +E Az
20 Mfrs 1t a. Ht. 6aN 62s1 62s. 5sN
loo Nat Fire Pfg. Gss 6% ia. IS.
500 Pitts Jerome.
694 Pitts e h g.. 14la l4s AZ. 14s.
100 Third Nat BlS.il0 ll0 liO lt0
The midland journal. (Rising Sun, Md.) 1885-1947, 1920-12-24
Begin Your Next Merry Christmas Now !!
Join Our hrstmas Savings Club Which starts Dec azth

And be ready with nice bank
The plan dc
il
week
81 Total, $25.5O
Glass the first week. 10
Is the third for SO
instance, cents
with $1.00. wish
less each until The last
with all the classes.
IS
$50
Glass 100-$1O0
You join classes
is Allowed All Glasses
Every member in the family join from the
membership
Monday begin
80.
into the Bank and let tell all
sss s:s:sssssssx ssssS ssssa ssesSAs
THE NATIONAL BA Superior
Personal Personal
Service
Il @ s s sS @ e @ @ e
The midland journal. (Rising Sun, Md.) 1885-1947, 1920-12-24
We CAN Save TnEM

Over the land Of the Near East there is table "a miles
long at which hundreds orphans being fed three times
daily Around this table there hover daily hundreds OF
other starving Armenian orphans who long to see another
plate filed with bread soup and whatever else it is possible to
transport overseas help keep these people alive
This table in Armenia is shown small above and
shows the table and others walking around waiting
for There 100000 orphans waiting for
place the table and of these Maryland expected to fur
nish food for 2084 of the starving orphans
Christmas time is at hand Your table will be laden
down with food The Armenian stands just outside of your
table almost at your elbow and asks you take
bite of food less each meal This bite will the saving
cent three day will be the result and at the end of
month has been saved That bite less nothing to
you the Armenian starving in land devastated it
life itself Remember when you take bite of food less
each meal time you filing plate in Armenia and
child being kept alive to help in the reconstruc
ton of his native land
Armenia is the oldest Christian nation in the world. For
thirteen hundred years its people have been prosecuted They
have been dported murdered children have been starved
outraged and thus every family in this nation of six
million in mourning Just because they believe in the Lord
This is not time for political discussion said Harold
street. today because discussion will not feed starving peo
pe Whether the Armenians have set up Sovets joined
Boshevists question at this time but the children
dying for of food and is the duty of Maryanders
provide food for the 284 orphans Give S. month and food
provided give $40 month and food and clothing provided
and $15 month will provide food, clothing and vocational
training Help today Send your contribution Delay
death to countless orphans.
The midland journal. (Rising Sun, Md.) 1885-1947, 1920-12-24
4 Merry Xmas

A Merry Xmas.
Miss Rebecca Hopkins and Miss
Mary Davis were New York and
Philadelphia visitors.
Mr.. and Mrs. Joseph Ham5leton
entertained friends at dinner On
Sunday.
N. B. Williams, Eli Coulson and
son George, of West Nottingham,
motored to Baltimore Wednesday
week.
Mrs. Marion Brumfield and little
SON have returned from a visit of
several weeks with William Gees
well and family, Rising Sun.
Jacob Wayne, of West Chester,
called on friends near here.
The Cecil Farmers Club met at
the home of C. c. Balderston We'd
nesday. Dec. Is.
Miss Eliza Ewing is spending the
winter with Mrs. Asa Stephens.
Abe Hosetedder is having bunga-
low erected near Octoraro Junction
The pupils of our school gave a
very nice Xmas entertainment
Tuesday evening to a full house.
John T. Hines is visiting among
relatives and friends.
The midland journal. (Rising Sun, Md.) 1885-1947, 1920-12-24
WOODLAND.

Hopewell Sunday School will hold
their Christmas entertainment in
the Hall Wednesday evening, the
29th. Admission twenty-five cents
There will be two short plays beside
music and recitations.
Mr.. and Mrs. Carroll Tyson ac-
companied Mr.. and Mrs. Chas. R
Gibson, of Principle Furnace, TO
Glenolden, Pa, Saturday and re-
turned Sunday.
Mrs. James Archibald, Miss Leila
Thompson, accompanied by Mrs
Floyd Kitser of Aiken, attended the
funeral of Miss Title 1, McCauley at
the home of her sister, Mrs. Elmer
McFadden, Chadds Ford, Pa, last
Wednesday. Miss McCauley was a
member of their class at Tome In
stitute.
Mrs. ]. B. Tyson has returned
from long visit with her daughter,
Mrs. Bryde, of Glenolden, Pa.
The Ladies Aid Society met with
Mrs. w. B. Claggett, Thursday after
noon, the 18th.
Mrs. Arthur Sinners was a Sat
urday to Monday visitor in Whining
ton.
The midland journal. (Rising Sun, Md.) 1885-1947, 1920-12-24
WOmen's Clubs and Community
Council Meet.

Women's Clubs and Community
Council Meet.
The regular monthly meeting of
the Calvert Women's Club was .leld
Wednesday afternoon, Dec. 18TH, at
the Agricultural High School at
Calvert. Only a small group of
club women were present to meet
Miss Dorothy Ross, the new Home
Demonstration Agent for CECIL
County. 1t is hoped that every one
will be present at the January meet
ing when a meat canning demon
stration will be given.
The regular meeting of the No-
mems Club of Appleton was held at
the home of Mrs. John Hobson,
Wednesday evening, Dec. 18th.
There were about forty women pres
ent including the guests of the Club
Women. Miss Hahn, our County
nurse gave most interesting talk
telling of her work for Cecil county.
Plans were made for the meeting,
Jan. 10th, to be held at the Grange
Hall in Appleton, to which meeting
the husbands of the club members
are to be invited. Miss Dorothy
Ross, Home Demonstration Agent
will tell the Club at that time of her
work in the County.
The quarterly meeting of the Cecil
County Community Council was
held at the Calvert Agricultural
High School, Tuesday evening, Dec.
14th. Nearly every section of the
County was represented with an at
tendance of about seventy-five.
The subject of Cooperative Mar
keting was introduced. A COM
mittee of five was appointed to take
up the question of commodity or
ganization to report at the next
meeting. The committee cossists of
John Reisler, G. r. Morris, D. B.
Mcdowell, Lloyd Balderston, and J..
H. Knode.
]. H. Knode was instructed to
place the plan of sending wool to a
southern mill to be converted into
blankets before the sheep growers
of the county. The March meeting
of the Council will be held at the
West Nottingham Academy.
An organization of Poland China
Hog Growers of Cecil County, affili-
ating with the National Hog Grow
ers Association, has been formed
with the following officers:-Clayton
Mcdowell, President; Harvey Town
send, Vice-President; Lloyd Balder-
ston, 3rd, Secretary; Norris Reyn-
olds, Treasurer. A committee was
appointed to draw up the bylaws,
consisting of Howard Brown, Lloyd
Balderston, Nelson James. Sixteen
men Joined the association. The
second meeting will be held at the
Calvert Agricultural High School,
Jas. 18th, at p. m.
The midland journal. (Rising Sun, Md.) 1885-1947, 1920-12-24

First course ladness.
Entrees - Love garnished with
Smiles.
Gentleness. with sweet-wine sauce
of Laughter.
Second course-Hospitality.
In some house Hospitality is brought
on surrounded with Relatives. In 9TH
ers 1t is dished up with Dignitaries.
In third, best Of all, 1t is served in
simple shapes, but with great variety
of Unfortunate Persons-such as lone
ly people from lodging houses, poor
people Of all grades. widows and
childless In their affliction. This is
the kind most preferred; in fact, never
abandoned by those who have tried
It.
For dessert-Mirth.
Gratitude and Faith beaten togeth-
er and run in the molds Of solid Trust
and Patience.
Bonbons of Good Cheer and Kind
illness.
The midland journal. (Rising Sun, Md.) 1885-1947, 1920-12-24

Mr.. C. r. Miller has had his front
porch rebuilt.
Mr.. C. S. Abrahams quietly cele-
brated his S3rd birthday at his home
Saturday, the 18th.
Mrs. Samuel Churchman spent
Tuesday and Wednesday in Will
mington and Philadelphia.
Mr.. Arthur SINNERS has had his
front porch rebuilt.
Mr.. Ellicot Brickley, of Whining
ton, visited his brother, H. H. Kirk
last week.
Mr.. Byard Miller spent Saturday
in Philadelphia.
Mr.. and Mrs. Carroll E. Tyson
spent Tuesday in Wilmington.