davidaulloa/AmericanStories huggingface dataset:
East Oregonian : E.O. (Pendleton, OR) 1888-current, 1920-05-24
Eggs and Poultry.
Coarse Grains Are still
High in Portland Exchange

Coarse grain quotations from the
Portland Grain exchange continue to
show a strong price for grains. Min
feed is S5S.25 on the board and corn
S73. Barley is bid at s67 while oats
are listed at s66, $50 and $76 ton.
East Oregonian : E.O. (Pendleton, OR) 1888-current, 1920-05-24
WILL NOT HANDLE
ARMS FOR POLAND
LONZS ALRERT I'LL

LONDON. May 2l.-The national
union OF railway men today ordered its
members not to handle munitions in
tended for Poland In the Polish often
sive against the Russian bolsheviki.
East Oregonian : E.O. (Pendleton, OR) 1888-current, 1920-05-24

HumoTs Come to the Surface in the
spring as in no other season. They
don't run themselves all off that way.
however, but mostly remain in the
system. Hoods Sarsaparilla removes
them, wards off danger, makes good
health sure
East Oregonian : E.O. (Pendleton, OR) 1888-current, 1920-05-24
DAILY MARKET NEWS, LOCAL AND GENERAL
Including Pendleon Prices and Associated Reports

The following prices are the prices
being paid to producers by Pendleton
business houses. Wherever retail
prices are given the fact will be spe-
cially mentioned.
Eggs and Poultry.
Eggs. 40 cents.
Hens, 2S cents
Roosters, 3 cents a pound.
Chickens, 2S cents a pound
Country Ham, eta.
Ham. best quality, 2sc.
Bacon, best quality, 40c.
Butter Fat and Butter
New-York tribune., 1920-10-24
Can't Find the Fallacy

Question--Plcase comment on the en-
closed circular advocating purchase OF
City OF Vienna. per cent bonds. due In
1924. The argument ia plausible l feel
sure II is fallacous. but cannot put my
hnser on the difficulty w. Nj.
Answer-Austrian crowns, in which
principal and interest of the Vienna
bonds are payable, are selling in the
United States for little more than
one-third of cent, for the very good
reason that they are not worth any
more. In fact, it may be that they will
be worth nothing at all. That is far
more reasonable assumption than the
one indicated in your circular, namely,
that the crown may be par, 2O.26 cents,
before the maturity of the bond in
1924, and give the hardy speculator
profit 'of $40, $50 on his 5000 stake
Whether the City Of Vienna is en-
titled to good credit has little .to
do with this speculation, because she
will pay her debts in Austrian crowns
which are being and have been ground
out by the bale. When Austria begins
to stand up under the burdens imposed
on her by force of arms under the
Peace Treaty it will be time to gamble
on a rise in the crown. In the mean
time, do not forget that some people
blessed with what your circular calls
'vision," came out Of the Civil War
with trunks full of Confederate paper
which was going to make them rich.
New-York tribune., 1920-10-24
How French Fights Will Be Paid?

y ouestion-when do the new French
Republic per cent bonds mature Is
hoth PRINCIPAL and interest payable. in
United States money? DO you consider
them safe Investment r J. s.
Answer French Republic 8 per
cent bonds arc due September Is, 1915.
Both principal and interest are payable
in United States gold coin in New York
CITY. Beginning December Is, 1920.
the French government is to pay j. p
Morgan & Co., as sinking fund trustees,
not less than $4,400,000 annually, such
payments during the first five years to
be applied to the purchase of bonds in
the market at price UP to and includ-
ing. 40 per cent and accrued interest,
and the subsequent payments to the
call of bonds by lot at 40 per cent and
accrued interest. The sinking fund
payments redeem at 10 per cent all
the bonds at or before maturity. We
regard them as good investment, al
though the purchase of all foreign
bonds. in our opinion. is somewhat
speculative, owing to possible political
complications. We do not believe such
a condition to be likely in France, how
ever
New-York tribune., 1920-10-24
Desires s Per Cent Yield

Quostion-As | shall have come money to
invest lN a few weeks, | should appreciate
some advice from you concerning u few
preferred stocks which at present prices
NlcId per cent. am willing to take a
niue chance. but would like to feel rea
sonably sure that the investments were
farly safe. What would YOU say about
American can preferred Cuba Cane Sugar
preferred, international Mercantile Marine
preferred, Interna tonal Motor Truck first
2nd second preferred and stool Tube pre-
1rricd DO You consider that NlidNale
steel, Stewart Warner and Union Tag and
Paper are 1air business mans investments
AT the present market prices, and are they
all 500 par value and the only issues OF
stock by those companies ?-8. +. f.
Answer-If you desire to obtain s
per cent on your investment in pre-
ferred stocks you probably realize that
you cannot secure the best grade. Those
you mention are well secured at pres
ent, in our opinion, although none is a
seasoned issue. Earnings, according to
latest reports, are ample to care for
preferred dividend requirements. We
do not consider the other issues good
investments. They are too sensitive to
earnings; therefore they are specula-
tive. Midvalc Steel and Ordnance is
$50 par. No other issue of stock.
Stewart Warner is no par value and no
other issue. Union Bag and Paper is
$l00 par, no other issue
New-York tribune., 1920-10-24
Meaning IF S30F

Question-Will you kindly tell mo what
security Is back OF Atlantic Coast Line rs.
due in 1880, and whether you consider the
security ample? Are they an equipment
bond, and,s il So why do they bring less
than Pacific Fruit Express and other equip
ommend equipment bonds, although when
you do you say they are one of tho safest
Investments? Where can | get n list or
bonds legal for New York savings banksY
What does 's30f" mean in the salee list OF
bonds in The Tribune? Is the equipment
itself the only security for an equipment
bond? | bought two Pacific Fruit Express
time ago (Miss) NJ. +. NJ.
Answer-The Atlantic Coast Line
per cent bonds, due May Is, 1880. are
secured by $1O,0OO,o0o Of Atlantic Coast
Line Railroad unified mortgage Az per
cent bonds, due 1864. The issue is
S6000,000. 1t is therefore collateral
trust bond. We consistently recon-
mended equipment trust bonds for sew
oral weeks. We seldom mention them
now for the reason that the available
supply is exceedingly small. Write the
State Superintendent Of Banks, Albany
for a list of savings bank bonds. SO
fat means that the seller has thirty
days in which to make delivery. In
terest in the case Of bonds ceases the
day after the trade is made, thus the
term "fat." Equipment trust obliga-
tions are secured only on the specified
equipment.
New-York tribune., 1920-10-24
Widow Speculated, Now Has to Work

Question First time I saw New York
Tribune found it left on seat In the sub
way. win always take it now. Desire to
know about the following: First--To
plain, ! am widow past sixty, earn my
9Mn owl lying by traveiins | have some
me about 81 600 to sell at present market
Have been advised that per cent first
mortgage was better investment. Kindly
advise. Have one share of Kansas City
southern preferred bought at 46. Was
about to buy two shares more, as the
broker told me that 1t paid per cent
see in your paper that it pays only per
cent Is that per cent par Of 500?
III so. does It pay me over Z per cent on
present. present purchase. My present idea is to
Two months: that would be six In the year
cannot afford to do more than that. and it
20 90 'na,, from the tone OF your replies
ieel perfectly certain that your advice will
De valuable, lost all that l possessed in
NestNents To-day know the value of a
dollar and feel that bonds or first mort
gage as Straus & Co advertise. are best
very strenuously in old age. when such
would never have been the case only for
uncertain advice and buying of stock on
| margin owned some Cosden: obliged to
sell II at a great loss on account of a
PRESSING need. Is 1t good investment
V'u way ana the new way. kindly advise
A NJ. d. G..
Answer-Ohio Cities Gas common
stock is speculative. The advice given
YOU IS sound. We believe your position
VIII be better if you sell and buy a
good bond or mortgage. Don't buy com
mon stocks. They are too sensitive to
earnings and changes in the affairs of
the companies. You may purchase a
mortgage issued by the Straus Co. or
the Realty Associates Investment co. to
net per cent. Kansas City Southern
preferred pays per cent, or a yield of
over Z per cent at present prices. 1t is q
1alr Investment, in our opinion. You
would do well to adhere to secured in
vestmcnts, we think Don't be attra ted
by high yields. Your principal may be in
jeopardy. If we were in your place
we would buy Liberty bonds in small
lots. When you have 81 900 worth YOU
may convert them into 81 900 bond
without charge. They are the best
bonds on the market to-day and they
Will sell higher, we are convinced. Oil
stocks are highly speculative, as you
know. Leave them alone. There are two
classes of stocks, that without par
value issued one for five of the old
and that Of SIS par value, the old stock.
New-York tribune., 1920-10-24
Likes Foreign Bonds; Can't Take Risk

Question i would greatly appreciate
your adyice regarding an investment in
French liberty bonds. per cent and s
per cent. maturing 1881. At the present
rate OF exchange they offer quite a specu-
latives margin. DO you consider an invest
ment OF the kind good sound one? I am
not In position to take any risk Of losing
money. Are the Austrian and German
municipal bonds a good buy, allowing a
long period for their return to normal
rate7 I would greatly appreciate your ad-
vice on this subject and any other invest
ments you may have to suggest. I under-
stand some of our Insurance companies
here are investing heavily in the French
loan.-J B.
Answer-The new French internal
loan of 1920 yields per cent. If you
are not in position to lose money we
advise you to keep away from foreign
internal issues. The situation is un-
certain enough to make the bonds spec
ulative. If you desire good, sound in
vestments. place your money in bonds
and preferred stocks of good corpora
tions. We publish suggestions almost
daily,
New-York tribune., 1920-10-24
Willing to Take a Chance

ouestion-Kndiy give me your opin-
ion OF Nivaudou Loew's and Marine pre-.
ietred. Am willing to take a chance on
these stocks, but also have some money
which l want for investment purposes
only. so would be obliged to receive \
list Of bonds yielding about per cent
Would prefer 15-year bonds.-L. NJ. S
Answer-The Tribune makes no at
tempt to advise regarding speculation.
The three stocks you mention have
merit in varying degrees, but all are
speculative. All, too, have been some
what depressed along with the general
market. For that reason their tech
meal positions may be better How
ever, that is matter for you to de-
eide. The following bonds offer good in
vestment opportunities, in our opinion
All are well secured and yield 7 per
cent and over. Canadian National Rail
ways equipment Z per cent 1885, Beth
iehem Steel Marine equipment per
cent 1885. International Mercantile
Marine per cent 1871, Bel, Telephone
OF Pennsylvania per cent 1880.
New-York tribune., 1920-10-24
Yield Is High for Short Terms

Question-lIow would you consider short
term securities in general as an invest
ment? Are they safe? l have IN mind
American Telephone and Telegraph IS,
1872; Swift & Co. 6s 1921; Cudahy Pack
Ing Company Is. 1923. Is United Gas Inn
provsment Company stock a safe invest
ment Qisted on Philadelphia Exchange) e?
DO they pay a regular dividend on com
mon stock?-C. Il. W.
Answer-Short term notes of many
corporations are sound at present. The
income return is high owing to the
condition of the money market. The
three issues You name are safe at pres
ent, in our opinion. Other sound is
sues are American Tobacco 7 per cent
and Proctor & Gamble per cent notes
The United Gas Improvement Company
has paid per cent on the common
stock since 1889. The par is $50.
There are also 100000 shares of 7 per
cent preferred stock. This latter we
regard as good investment. The for
mer is entitled to a good business
mans investment rating, in our opinion.
New-York tribune., 1920-10-24
Call and Time Loans Compared

Cuestion--Would you kindly explain the
meaning OF the terms call money"
e "eall od1,a lqans' sna time loans" used In
meaning of IBID and Asked" used In quo
tations of stocks and bonds.--J. RI. de l..
Answer-A call loan is a promise to
pay under the terms of which the bor-
rover has the right to pay at any time
(by custom not on the day the loan is
made) and the lender has the right to
demand payment at will. In New York
loans are not called on Saturday, and
they cannot be called on holidays.
Either party wishing to terminate the
loan gives notice before / o'clock, and
payment is made or received before
2:15 the same day. In q time loan a
definite date for payment is set. Nei-
ther borrower nor lender has the right
to demand or make payment before
that date. The bid price is the price at
which stock can be sold, and the
asked price is that at which it can be
bought, and in the stock tables the
quotations show what buyers and sell
ers We're demanding after the last sale
of the day
New-York tribune., 1920-10-24
Seeks to Increase Holdings

Question: have bought per cent bonds
Of the Kansas City Southern and Missouri
Pacific general As. to hold as an invest
mont do not need the money. it has
been in bank with $1,000 more, which
would like to invest In railroad bonds and
hold for them to increase in value in the
next five years or longer. DO YOU think |
would be buying good bonds to buy the
same with the $500 or others? If so,
kindly state Give any information of
these two railroads mentioned.-S. Il.
Answer-Kansas City Southern per
cent bonds are a second lien on the
property. They are a very fair bond.
The Missouri Pacific general per cent
bonds are a general mortgage on the
entire property, subject to many other
liens. They are the last lien on the
property. We regard them as a fair
bond With your l,500 you could pur-
chase international Mercantile Marine
6 per cent 1941, to cost about $500
bond, and a st. Louis San Francisco
prior lien per cent, 1850, cost about
$3.50. This, we think, would give you a
yery fair list
New-York tribune., 1920-10-24
Confidence in City Stock Shaken

Questfon-Win you kindly favor me with
your opinion in regard to the soundness of
the corporate stock of the City of New
York. hold a few Of It's bonds due 1926
and 1927. and in view of the difficult stu
atfen of It's finance. owing to its increasing
budget to the point Of exceeding the con-
sttutional limit l read in the papers,
my confidence in these bonds is somewhat
shaken, and I would like to know whether
N is advisable for Inc to sell the same If
there is no ground for my fear.--J c.
Answer-We believe you should have
no fears regarding the bonds and stock
of the City of New York Conditions of
the sort at present prevailing have been
weathered before. While they are not,
perhaps, pleasant. we have no appre-
hension for the bonds.
New-York tribune., 1920-10-24
Wishes Tax Exempt Issues

Where may purchase tax
exempt government bonds, and what are
the prices rate Of interest and matur-
y?-G. w.
Answcr-The following bonds are ex-
empt from the normal Federal income
tax and the surtax: United States gov
crnment issues prior to Liberty. loans
Liberty 31a pers. cent, Federal Farm
Loan bonds, Joint Stock Land Bank
bonds, bonds of all states and subdi-
visions thereof. The interest rates
vary from per cent to over 6 per cent
1t is best that you consult firm max
ing a speciality of such issues. Or you
may consult the larger downtown banks
ard trust companies. The list is too
long for us to publish.
New-York tribune., 1920-10-24
Realty and Improvement Earnings

Questfon-Wil you kindly inform me
whether YOU think United States Realty
and Improvement common stock good
speculative investment; also describe the
company' business and par value of stock
j. p
Answer-The United States Realty
and Improvement Company owns a con-
trolling interest in the George A. Fuller
Company building construction and
the Plaza Operating Company. In ad-
dltion it owns d large interest in the
Broad Exchange Company and the Ali
ance Realty Company. 1t owns many
large buildings in New York. 1t has
$l1,93O,0 of debenture per cent
bonds, due July l, 1924, and $6,l62,-
500 stock, par $l00. Dividends were paid
to 1915, none since. For the year end
ed April 80, 1920 the equivalent of
5.55 per cent was earned on the stock,
against 9.l6 per cent in 1919, We re-
gard the stock as speculative.
New-York tribune., 1920-10-24
St. Paul Bonds Look Safe

Question-Do YOU consider Chicago, Mil
waukee & st. Paul bonds a good invest
ment at present prices? DO YOU think
there is any probability OF the interest not
being paid? 1t seems to that the
bonds better buy than the preferred
stock because in normal times they ought
to anpreciate 25 per cent IN value at least.
Would also like TO have your opinion on
Northern States preferred and Cities Serv-
ice preferred as conservative investments.
IL. II. T..
Answer-We regard the bonds of the
Chicago, Milwaukee & St. Paul as safe.
Increased rates will show greater
change for the better in the company's
earnings. The bonds are a better in
vestmcnt, by all means, than the pre-
ferred stock, whose dividend is still a
matter of speculation. In our opinion,
Northern States Power preferred is a
good investment Cities Service pre-
ferred is somewhat speculative on &C
count Of the nature of the company's
business. Earnings at present are re-
ported to be about four times preferred
dividend requirements.
New-York tribune., 1920-10-24
Consolidated Interstate-C Callahan

Question-Kindly let me know what the
name of the Con. Int.-Cal. Company is
also what line they represent as you viii
see it on the stock exchange.-F. A. II.
Answcr-The company about which
you inquire is the Consolidated Inter
state callahan Mining Company Last
April the stockholders voted to change
the name to the Callahan Zinc-Lead
Company. The company produces sill
yer, lead, zinc and concentrates in the
Beaver and Placer Center mining dis
tricts in Shoshone County, Idaho.
There is no funded debt and only one
class Of stock, of which $3,733 O3O
par value S1O is outstanding. Divi-
dends at the rate of So year are be-
ing paid quarterly
New-York tribune., 1920-10-24
Long Term Railroad Bonds

Cuestlon-Kindly advise mo of the issues
Of good railroad bonds Of long maturity
that paying per cent with fair
chance to advance with the coming years.
p. A. p
Answer-The following bonds yield
6 per cent and more and all are well
secured, in our opinion: Illinois Cen
tral-Chicago, st. Louis & New Orleans
5 per cent, 1868, price about IS; New
Orleans Terminal first A per cent, 1858,
price about 66; Chicago, Milwaukee &
st: Paul refunding Az per cent, 2O14,
and Toledo & Cincinnati per cent.
1859, price about SO, and Georgia
Midland first per cent, 1916, price
about So
New-York tribune., 1920-10-24
Good Short Term Notes

Question-kindly recommend number
or three to five year notes. either railroad
or industrial, yielding 7 or S per cent.
would appreciate your opinion OF the Sin
clair on notes. II defatlon continues for
several years more, VIII not the general
J. G. T.
Answer-The following notes yield
between per cent and 8 per cent. All
are well secured, in our opinion: Amer
lcan Tobacco per cent 1923, Canadian
Pacific per cent 1924, Kansas City
Terminal s per cent 1928, Proctor &
Gamble 7 per cent 1928, Western Elec-
trio 7 per cant 1925 We regard Sim
clair notes as fair. If deiation should
continue for any length of time the
prices of bonds should rise, but the
general speculative market would be
inclined 10 remain low unless the afYair
had been fairly well discounted.
New-York tribune., 1920-10-24
Answer-The Tribune makes no at
Teacher Selects Good list

Question: am thinking of purchasing a
$500 bond Of each Of the following: st.
Paul & Kansas City Short Line first a y g.
1871; Rock Island, Arkansas & Louisiana
first rs, 1894: Kingdom of Belgium 715 $.
1870 Repubiic of France IS, 1945. Please
ten me what YOU think of the above list
| am teacher and want good long term
nvestment.-(Mi A. M. J.
Answer-The bonds you name are
entitled to good ratings. Perhaps it
would be wiser to purchase only one
foreign bond (either onc) and acquire
one of the Bell Telephone of Philadel-
phia per cent bonds, due 1880, to yield
Z per cent
New-York tribune., 1920-10-24
Ice, Dry Goods and Dock Preferred

Qnestion-Will you please give me your
OPINION or the past an- expected earnings
ana dlNldcnds OF American Ice per cent
preferred and Associated Dry Goods first
preferred per cent? DO. you think from
thc past record and from the present con =
dition of business these preferred stocks
Will continue their dividend payment for
the next few years to CONE; also are
these preferred stocks cumulative? Also
your opinion on New York Dock ner,
cent preferred and American Zinc. Lead
and Smelling preferred Il NJ r.
Answer-We do not expect such large
earnings for most corporations as were
reported for the last two or three
years. American Ice showed the equiv
alent OF 1872 per cent earned on the
preferred stock for 1919, as against
$40 per cent for 1918. We do not re-
gard the stock as high grade, yet we
see no present reason to anticipate a
cut in the dividend. 1t is non-cumu-
lative. Associated Dry Goods Corpo-
ration first preferred stock is fairly
secured. Earnings have been in excess
Of dividend requirments since organi-
Zatlon, and the earnings for 1919 were
almost four times requirements. We
believe this stock very fair invest
ment issue. 1t is cumulative. New York
Dock Company preferred pays but per
cent; after this has been paid the
common receives up to per cent and
thereafter the two issues share alike.
The common now pays 212 per cent.
We do not regard the preferred as
good investment, although the com
pany is said to be in good condition
and earnings are good. The company
earned SAP per cent on both classes
OF stock in 1919, none too great mar
gin. American Zinc, Lead and Smelt-
ing showed deficits for both 1918 and
1919. The preferred stock is not en-
titled to a good investment rating, in
our opinion. Earnings for the first six
months OF 1920 were better, but we
regard the preferred stock as specula-
tive.
New-York tribune., 1920-10-24
Answer -Cerro de Pasco Copper
SoIvav Bonds Well Secured

Qucstion--Wil you kindly advise me as
te sio o6N 600 isrI,n Of So,vor g. 90 ne,,or ~
year per cent secured gold bonds? DO
YOU consider them safe for investment?
o N. V.
Answcr-The earnings of Solvay &
Co., the Belgian subsidiary of the Sol
way Process Company and the Semet-
Solvay Company, have averaged about
four times the interest on the $40 900
600 of per cent bonds recently offered.
The company has been in business
since 1868, and with its close associa-
tion With the new Allied Chemical and
Dye Corporation we regard it as having
good future. We believe the bonds
to be a good investment.
New-York tribune., 1920-10-24
Goldwyn Earnings Not Available

Question--Wil you be good enough to
let me know what is the condition OF the
Goldwyn Pictures Company Is the
marked decline OF Its shares only a tenn
porary one (Mlss) NJ. W.
Answer-The Goldwyn Pictures Cor
poratlon, in answer to an inquiry, in
formed The Tribune that the director
had not authorized financial state
ment. Therefore we cannot attempt to
explain the action of the stock for you.
New-York tribune., 1920-10-24
Answer-If the Russian governuo
Cotton Oils Business Poor

CuestIon-Will YOU please advise me
regarding the standing OF the American
Cotton OH Company? Did they pay the
September dividend on their stock, and
IT not what are the prospects of future
payment OF dividends?-H Il.
Answer-American Cotton Oil passed
the September dividend Poor business
was the cause. The stock has paid too
much in the way Of dividends, in our
opinion. Earnings have not warranted
1t tor some time past. We do not look
for resumption of payments at pres
eut
New-York tribune., 1920-10-24
Investment Information

Questions Of ge3ercl interest to in
rcstors icil DC ans,Uered in this col
umn, an sch'ch case only initials ,0iu
be used. Others aciu be ans,oered By
moll. Address all inquiries, inclos-
ing a stamped, addressed enuelope, to
Financial Editor, The Tribune, 154
Nassau Street, New York City.