davidaulloa/AmericanStories huggingface dataset:
The daily Alaska citizen., 1920-01-09
Patience Exhausted by the Vicious Attacks of Senate Oppos ton President Wilson, in Jackson Day Message, Urges
 Democratic Party to Put Question Before People

fn .i d b. I It cl% % dee al Day al | uh real by prl Il ryan h lIs ttrthi tn b rc rytol pryu
The daily Alaska citizen., 1920-01-09
LINER ARRIVES SHOWING SIGNS
 FIERCE BAlILE

LIFE BOATS CARRIED AWAY; PORT SIDE OF DECK SMASHED. OfFICEno SAl EAPEhuENCED ROJUIIESI NOlAUE lN niEH, HISTORY.
The daily Alaska citizen., 1920-01-09
STRIKE CALLED
 OFF; STEEL MEN
 RETURN TO JOB

rNIONS GIVE UP FIGHT AGAINST STEEL CORPORATIONS AFTER THREE AND ONE-HALF MONTH STRUGGLE NOTHING BEING GAINED.
The daily Alaska citizen., 1920-01-09

WASHINGTON, Jan. s.. (H2-ln resolution passed today by the democratic national uttee those senators who ain defeat the treaty di Iecy nulfy it with reservations bitterly denomc ed as being mpaliOtc. The resolution says that the arrogant republican leadership of the senate has earned the worlds contempt by hrotmg the treaty for the pas seven months.
 In order that the American public might know just where the democrats stand regarding the treaty, the na ional committee passed resolution endorsing that docu ment ill every respect. resolution presented mo adopted asking the senate to quit playm politics with the question of the treaty ratification consider 1t and the league of nations from all impartial and unbiased point of view.
 Addressing the connittee James Hamilton Lewis, former United States senator from Illinois, declared that the question of American participation ill foreign affairs will be a big issue in the coming campaign and, m h opinion the vote of the people will largely determine the course be pursued by the government i'll future years
The daily Alaska citizen., 1920-01-09
LODGE IS FEARFUL

WASHINGTON, Jan. 8.-(4o-In a statement is sued tonight after the contents of President Wilson $ Jackson Day message the democratic organization leaders had been made public Senator Lodge who has heretofore stubbo1nly refused to consider any com
The daily Alaska citizen., 1920-01-09
FRISCO GIFTS CONVENTION

WASHINGTON, Jm S. -(o-On June 20 the dem ocrac national convention will be called to order in San Francisco The question of what city to hold the con venon in was decided by the national committee today 1t was no easy matter to decide and 1t was only aftc' Kansas City, Cleveland Cncmati and other cities with drew from the contest that San Francisco selected The committee voted the question twenty times with out securing definite results before the other cites with drew ill favor of the coast town
The daily Alaska citizen., 1920-01-09
M'ADOO SENDS MESSAGE

the foreign relations committed" "
New-York tribune., 1920-09-05
Cotton Exchange
Fifty Years Old
Next Tuesday
Celebration Planned to Mark
Half Century of Trading in
Americas Leading Textile
Fiber
StockB-Bonds-Grei,

On next Tuesday the New York Cot
ton Exchange, as an organization, will
celebrate the fiftieth anniversary Of its
establishment. Preparations are being
made to mark the occasion with fitting
ceremonies. Among the guests who
have been asked to join the members
of the exchange and their friends in
the afternoon, during which a buffet
luncheon will be served on the floor,
are Governor Smith, Mayor Hylan, and
seventy-eight Senators and Congress-
men from New York, New Jersey and
Connecticut. Representative cotton
men will participate in the celebration
and review the history of the famous
institution. Included in these are
Henry Hentz and James w. Murphy,
the two living charter members of the
exchange.
The New York Cotton Exchange was
founded in 1870, and early in 1871 was
Incorporated under the laws of the
State of New York. The incorporators
were group of cotton merchants along
Pearl Street, who decided that the
methods then in vogue were not elastic
and sufficiently efficient to handle the
bales and increasing rapidly. The first
trading floor, at 142 Pearl Street, 23x
100 feet was soon outgrown, and the
exchange moved to tbe building that
Is now India House in May, 1872, re-
naming there for thirteen years. Sub
sequently it was moved to the present
building at Beaver and William streets
Plans for new skyscraper, with the
trading floor on the nineteenth story,
were abandoned because of the war,
Dut are expected to be revived.
New-York tribune., 1920-09-05
No Moro Rails or Utilities for Him

Quest!on--For a long conservative in
Kideno KinKdnm now haE We would you compare United
the tn following preferred stocks: United
states Steel. International Harvester. Amer
Snn via,as Gar and Foundry From respective
doms dortn should rank with Liberty loans. I
nay nase read your views on foreign securi-
Credit or England seem too remote for
consideration. Past experience with rail-
evils attendant on political control OF
rates. SO that government, municipals and
the the best industriais appear to bo the most
standing Of the stecks referred to. Also
please compare United States Rubber first
preferred per cent and Goodyear pre-
ierreo per cent preferred.-L. s. T.
Answer-We regard the obligations
OF the United Kingdom as good invest-
ments:: The ability of England to come
back has been proved during the last
year. We, too. regard the danger Of
political complications in her case as
slight: She seems we'll able to manage
her affairs, although she certainly ap-
pears to have her share of troubles.
Many people, however, prefer to invest
In home industries, as it is so much
easier to keep in touch with affairs at
nome. The preferred stocks you men
tlon are all high grade. 1t would in
our opinion be wise procedure to pur-
chase some of the United Kingdom
5h per cent, 1887, and some of those
stocks also, all of which are about on
9ne tn same basis as to safety. We prefer
United States Rubber preferred stocks
to Goodyear preferred, because the for
mer's business is probably more diversi-
fed and the stock of United States Rub
Der is listed on the New York Stock
Exchange. ].
New-York tribune., 1920-09-05
Wheat Is Slightly
Lower ON Decline
In Cash Position
Increase in Receipts Expect
ed After Holiday; Strong
Buying for Export looked
for ON All RecessiOns

The wheat market yesterday devel-
oped little feature and averaged steady
for the first half Of the session and
easy thereafter.
Opening III to &c lower because Of
rains in the Argentine, the market re-
covered and sold fractionally above the
previous night on buying by export
houses and local covering, but later
sold off jas Minneapolis cash wheat
was reported to be cents lower, and
it was expected that after the holiday
receipts would be heavy.
Stories Of 100000 bushels having
been worked for export late Friday
lacked confirmation. although it was
believed that in view Of the needs Of
Europe there would be good foreign
Suying on all recessions. Thus far the
movement has been much below nor
NAL, as farmers show little anxiety to
market their wheat.
The close was l &c net lower.
New-York tribune., 1920-09-05
Out for High Yields

Question: have been dealing for the
last month with the Fiscal Service CWpo--
buy securities for clients on the twenty
payment plan. hav" sent them few
hundred dollars and wish to know whether
they are reliable and to be trusted.
have the following securities and wish
to know what you think OF them to
safety, and the reason for their large
yield: S3,500 Sinclair consolidated i.s,
bought at 87%: ten Cities Service Bank
ers at SO. ten Manhattan Elcyated at 43.
ferrcd at rs and ten New York Dock pre-
ferrcd at 90. Kindly tell mo the par value
of these stocks and as much ns You think
will help mo in determining their worth
"A. B.
Answer-We do not pass on the mer-
its of industrial brokerage houses. The
par value of all your securities is
$780, except the Cities Service Bank
ers' shares, each of which represents
one-tcnth of one share of Cities Service
common stock, the par value of which
is 800. Your Sinclair consolidated
notes are reasonably safe. They sold
off after the underwriting agreement
expired because the underwriters found
themselves with a lot left on their
hands. We see no reason to fear for
the payment of either principal or in
terest. Your New York Dock preferred
ranks next as an investment, and there
after we would place the Marine pre-
ferred, though they are both specula-
tive. There are about SAP back dvi-
dends coming to the Marine shares,
which pays Sc regular and extras from
time to time on account of the accu-
mutations. The earnings Of Cities Ser
vice common are high. 1t is an oil
stock and therefore speculative. The
Manhattan Railway stock is also high
ly speculative. The Intc-borough Rapid
Transit Company is hard put to it to
maintain its guarantee Of per cent
on this issue, and there is no relief
in sight, so far as high fares are con-
cerned. Your list is all right for a
man who demands high yield, is will
ing to take chances with his money and
will not think the world has come to
an end if his securities hit the tobog
gan. All of them have speculative pos
sibilities on the favorable side.
New-York tribune., 1920-09-05
Hart Oil

Question--Attracted by an Advertisement
Of tho Hart Oh Corporation OF Texas in
recent Issue OF The Tribune and knowing
the scutiny given by your paper to such
offerings. am prompted to believe that
the above named Hart OH Corporation has
invesement merits worthy OF considera-
tion by mo. but before putting my money
into this concern l wish to solicit your
opinion. What faith can be placed In
the numerous testimonials given by the
various bankers OF the state OF Texas?
p. J. c.
Answer-Do not buy Hart Oil stock
for an investment. If you wish to
speculate, that is a different matter.
The company is paying dividends from
incomes from royalties and intends to
start drilling campaign next month.
It costs about $4,000 20 drill an oil
we'll. If it is a dry hole you stand
your share Of the loss; If it comes in,
you gain. That is what takes almost
all oil stocks out Of che field of in
vestment no matter how we'll managed
the company Is. The Tribune has con-
fidence in the men behind this COM
pany, but the shares are not an an
vestment issue and the Hart people
do not represent them to be such. The
company appears to have excellent
prospects. Bank references are not
profoundly impressive. as q rulc, as we
read them.
New-York tribune., 1920-09-05
Security Of Prudence Bonds Ia Amn,.

Qnestion-Please give mo your opin,on
On prudence bonds. issued by the Realty
1ssociatts Investment Corporation of Ncw
,vomsa nork ana Brooklyn. paying per cent. Or
TouIo you advise me to buy Victory. hands
l am an small investor and want to be safe
Answer-Prudence bonds are secured
oy an equal amount Of first MORTGAGES
on lncome-producing New York CIV
real estate, the mortgages being de-
posted with the Guaranty Trust Com
pany as trustee after being uncondi-
tionally guaranteed to the COMPANY.
ASIDE from the formal security Of the
issues, the loans are made on a suf. M
ficiently conservative basis, we believe.
by . capable set of directors Of the
Realty Associates Investment Corpora
tion, which Internationally guarantees
the prudence bonds. The investor
chooses maturity of from one to ten
years and denominations of slO0. $500
or $500. Each prudence bond is se-
cured not only by one mortgage, but
tby every mortgage in the group secur-
ing the issue. We regard the securities
as safe and q good investment. Liberty
bonds and Victory notes are in q class
by themselves.
New-York tribune., 1920-09-05
This Yield Not "Too Good To Be True

Question--Does the term short term
curities'' mean bonds? Philadelphia-wha
does It stand for? 1922-is 1t payable at
that year in full? Is a 500 maturity now
$s2.5o asked? Is such high yield too good
to be true?-J. c.
Answer-Short term securities mean
obligations which are due within a
short time. They may be notes or mort
gage bonds. They may be secured by
collateral or merely promises to pay
Many of those listed under short
term securities are unsecured obliga-
tions. The Philadelphia Company is a
public utility holding company. It's
notes are due February /. 1922, at
which time par plus accrued interest is
due. The denominations are $500 and
$1,000 only. A $1,000 note (they are Sc
cured by certain collateraD now sells
for 1925. The yield, therefore, to ma
turity is 1850 per cent per annum.
While this yield is probably unusual
it must be remembered that money and
credit conditions are abnormal. The
Philadelphia Company pays dividends on
three classes Of stocks and its earnings
are good at present. Much, Of course,
depends on the conditions of the money
market when the company's obligations
fall due. For this reason, and because
public utility issues always sell lower
than bonds Of industrial and railway
corporations, the yield is higher. We
regard the Philadelphia notes as q very
fair short term investment.
New-York tribune., 1920-09-05
The Dollar in Foreign Exchange

The dominant influence in the in
ternational exchange market is the
Anglo-French loan maturity. I'm
medately after Labor Day an official
announcement regarding a 100000, 900
rcfunding loan to France is expected,
and large flow of gold from France
started with the first shipment yester-
day.
France has recently been a heavy
buyer of dollars in the exchange mar
kct, and has as an inevitable result to
some extent depressed the European
exchanges. Many bankers look for an
Improvement in the market as soon as
it is known that Franco has completed
its purchases Of exchange.
During the last week sterling was
steady, but French and Belgian francs
and lire moved slightly lower Marks,
which had shown a tendency to rise
during the latter part of August, eased
off slightly in the last week.
If you calculated the cost Of the
dollar in terms of foreign money at
current exchange values-that is, if
you were buying a dollar with pounds,
marks or francs, it's value at the close
of last week. as compared with year
ago, follows:
New-York tribune., 1920-09-05
Curious About General Asphalt


Question-Have been advised to buy
some shares OF General Asphalt common
stock below $50. AS General Asphalt has
sold much higher in the past. do you think
1t has sold Off enough to discount present
conditions? Win you kindly give me what
agement and finances of the company; also
II you think the shares have assets enough
to be worth tho present market price ?-E.
~ r. F.
Answer-The book value Of General
The Junior shares have earned the
average annual equivalent of 3.55 per
cent for the last ten years, though no
dividends have been paid. According to
the president of the company, there is
no immediate hope Of distribution on
the common. The common stock is
speculative. We have no means Of tell
ing how you would come out if you
bought the stock.
New-York tribune., 1920-09-05
n. Y. Reserve Bank
Becomes Borrower.
Statement Shows
Rediscounts With Others i'm
Federal System Total i'm
Excess of $47, 100000 in
Week; Ratios Gain Slightly

The most striking item in the weekly
bank statement Of the Federal Reserve
Bank Of New York, which was made
public yesterday, was the announce
ment that the bank has rediscounted
SAT 100000 Of bills with other regional
banks. This marks complete reversal,
for until fortnight ago the New York
bank for many weeks had been redis-
counting large volumes Of bills for
other Federal Reserve banks. The
change indicates temporary alteration
in the condition of the bank, which
turned it from lender to a borrower
AS result of the rediscounts with
other districts, the Reserve Bank gained
about $26,o0o,000 in the gold settle
ment fund, but all but s6,oOooOO Of this
was offset by loss of gold under the
item, "gold and gold certificates" ap-
parently indicating that much gold has
been exported during tine week.
The redlscounting with other Reserve
Banks offset the effects of increased
borrowing by member banks in this dis
t1lCl. lie uISCOuHtlnR OIL DlIlS secured
by war paper for member banks rose
100000, and Of bills secured by
commercial paper and acceptances in
creased $26,000,o0o. And, despite these
gains, and also an increase of $1,000 900
in temporary loans to the Treasury, the
total earning assets of the bank ex-
panded only about $8,OOO,0OO, as a result
of the rcdiscounting operations.
The ratio of reserves to deposit and
Federal Reserve note liabilities in
creased from 1876 per cent to 1876 per
cent. and the ratio Of reserves against
Federal Reserve notes jumped from 36.7
per cent to 36.8 per cent.
Disparities between the average and
actual statements of the New York
Clearing House indicated sharp re-
duction of loans and deposits toward
the close Of the week. According to the
actual statement, loans and discounts
were $21 ,972,000 lower than week ago,
and deposits had slumped 1925, 900.
The aggregate reserve increased SILL
7O9,77O.
New-York tribune., 1920-09-05
Stocks for Man Who Can't Afford Loss

Question: am a constant reader Of
9.a your rpa paper and nd am inclosins letter from
ent preferred stocks. yielding an average
of 9.4 per cent. to buy on monthly pay
msnt a1,,.,;e terms, and certainly would highly
man and could not afford to lose any
money. l also would be pleased to know
what what you think of tho following railroad
chicago. Milwaukee & st. Paul converti-
bIe AIS; 1882. selling at around ssh to
convertible AVS, 1880. selling at q ~ no to
yield $40 per cent; Minneapolis & ST.
Louis GU first IS. 1894, selling at es to yield
vertlble Ans 1893. selling at S5z to yield
9.46 per cent. O.
Answer-You say that you are
workingman and cannot afford to take
chances on your investments. There
fore. it seems to US that you would do
far better to confne yourself to other
securities which are seasoned-that is,
have long and unbroken dividend rec
ords, and which are so situated that
they are not sensitive to earning power.
such stocks do not return SO high a
yield as those suggested to you. But
for one in your position it is advisable
to sacrifice yield for safety. Some of
the companies whose stocks you think
of purchasing did not operate very
successfully before the war period.
The following companies, whose pre-
ferred stocks are seasoned, having
long dividend records, are better suit
ed to your purposes:> United States
Steel, General Chemical, American To-
bacco, National Biscuit and Virginia.
Carolina Chemical. None of the bonds
you mention is high grade. All. how
sibilities, dependent largely, of course,
upon the operation of the railways
under the new legislation The Chesa-
peake & Ohio convertible AIS. 1880,
in our opinion, are the best Of those
mentioned.
New-York tribune., 1920-09-05
Woman Favors Coppers and Motors

Question--I would like to invest about
$500 In coppers and General Motors. DO
you consider that coppers are selling be-
low their market value? l favor Nevada
Consolidated. Ray Consolidated or Kennc-
eott Copper. on account OF the dividend.
Can you give mo the pav value of these
and your opinion OF the companys stand
ing7 DO you consider General Motors a
fairly good speculation around 10 or 20 :?
Kindly give me tho par value OF US stock
and tho company's rating. (Mrs.) Il. NJ. f..
Answer-General Motors and Kenne-
colt have no par value; the par
Of Nevada is IS, and Of Ray $40. The
copper stocks are all speculative. their
future depending on many considcra-
tions, such as foreign credit, the de-
mand for copper here and abroad,
market conditions and costs. The cop
per companies have not been doing
especially we'll since the armisticc.
The shares are too speculative for you,
in our opinion, as Is General Motors.
The latter stock has shown strong
resistance TO pressure near the levels
you name.
New-York tribune., 1920-09-05
American international Stock

Question: recently purchased four
shares OF American International Comnanv
stSek, 1%s. Ma May trouble you to give me your
til to-day thought it was an invent-
meRt. but have heard to the contrary?-
II. j. F.
Answer-Your American Interna-
tional Corporation common stock is not
an an investment, in our opinion, because.
IKE other common shares, it is sensi-
tions and other factors. SrsI For ie1s rondr. the
company earned, after all charges and
Federal taxes, the equivalent Of $9.43
share on the combined common and
preferred. stock, compared with $7.44
the year. before. It is we'll managed
corporation, but the stock Mas suffered
from the same factors that have de-
pressed other shares. The presidents
1919 report, for instance, said: "The
progressive advance in interest rates
and the decline in the demand for in
vestment securities in 1919 seriously
lnterfered with new development un-
dertakings."
New-York tribune., 1920-09-05
August Cotton Distribution Bix

Jobbers Of cotton goods in cities
outside Of New York are reporting
satisfactory sales totals for the month
Of August. According to the informs
tion that has reached the local market,
the distribution Of cotton goods from
jobbers to retailers during the past
month was considerably larger than
expected, despite the fact that the
buying conssrvatively. A good part
Of the August distribution, however,
was on account Of back orders, the
merchandise having Just reached the
jobber from the mill. Inventories,
taken by jobbers, show small stocks
on hand.
New-York tribune., 1920-09-05
Lower Yarn Prices Aid Knitters

Knltters Of underwear and hosiery,
who few weeks ago were confident
that spring merchandise would bear
an advance of from 20 to 80 per cent
over the last prices, are not so sure
now. Yarns, the raw material Of the
underwear and hosiery trade have de-
clined approximately 80 per cent in
the last month. This is expected to
provide the knitters with raw material
at no higher prices than carly last
winter and will put them in a better
position to meet the jobbers' and re-
tailers' ideas on prices which have
been at wide variance with what the
manufacturers were figuring.
New-York tribune., 1920-09-05
Bosch Magnetic Earnings Large

Question--kindly advise mo relative to
the amount of outstanding capital stock.
also earnings Of the American Bosc8 Mag
ncto Company. Would you regard this as
fairly good speculative invcstmcnt?-
Il. w. s.
Answer-The capitalization of the
American Bosch Magnetic Corporation
is 100000 shares of no par value stock,
$4,000 shares outstanding. The cor
poration was organized in 1919 and
paid SIS dividends the first year, the
rate being increased to $40 year last
February. Net profits for the five
months ended May 81 last were $7O2,-
1868, at the rate Of the equivalent of
$21 q share a year. The company re-
Gently became the exclusive selling
agent for Gray & Davis, Inc, and Sc
cured the management of the latter
corporation under contract until 1886
The company has been shipping mag
netos at the rate of 10000 a month.
Earnings are likely to be affected by
any adverse developments in the au-
tomobile field, but the company is in
good financial condition and the price
Of the stock seems to have discounted
unfavorable elements in the trade. to
some extent at least. The shares ap-
pear to offer speculative possibilities.
New-York tribune., 1920-09-05
Variety in Doherty Issues

Qucstion--Can you let me know the
st tanding and rating Of II. Dohcrty of 30
Wall Street, and II 1t would be safe to in
vest money with him. l have 81 900 to in
vest in something that pays better than
the savings banks but would like to get
your advice before doing so.-R. NJ B.
Answer-Henry L. Doherty & Co.
handle Cities Service securities, of
which there is wide variety. Some
of them are safe. and some of them are
speculative. The thing for you to de-
tcrmine is whether you want a bond, a
preferred stock, or fuctuating issue
like Cities Service common or Bankers
shares. The Doherty company enjoys
good reputation.