davidaulloa/AmericanStories huggingface dataset:
New-York tribune., 1920-08-23
Common Shares Too Speculative

Question: have about $4,000 to invest
for as high rate of interest as | can get
with safety. What Kind of stock would
you suggest? What do you think OF
Ghllds M hestaurant, common and preferred;
american Wool common and preferred
New Jersey Standard Oil and the Fan
Fim CorporntionY What other stocks do
you consider good investments yielding
or per NIT. V, N. "
Answer common shares are
too speculative for investment pur-
poses. They are the first issues of a
company to feel the effects of earnings
and other developments. Dividends
are based upon earnings and are bv no
means stable. Generally speaking. we
belleve you would do we'll to adhere
10 the seasoned preferred stocks which
sell at present to yield from 611 TO
even per cent. Do not ATTEMPT TO
obtain too high yield. Frequently the
prlnclpal is jeopardized in doing So
ouch securities as we give below are
sound, IN our opinion. All are listed
on the New York Stock Exchange. thus
giving the stocks a good market. Re-
member that marketability is one fea-
ture which should always be consid-
cred United States Steel 7 per cent
preferred, American Car and Fonndr,S
Z per cent preferred. Corn Products 7
per cent preferred, General Chemica i
. per cent preferred, American Tobacco
per cent preferred, United States
RUBBER per cent preferred and Vir-
ginla- Carolina Chemical per cent
preferred.
New-York tribune., 1920-08-23

cited. unframed gambling speculator
who comes into the market at the
eleventh hour of lull period makes
profits quickly through sheer luck and
pyramids gains recklessly until the
house of cards collapses is now out Of
the market. This gullib!e type who
plays the game and yet contributes
little of measurable worth to the COM
munity is usually effaced by bear
swing in the market. Men and women
IN this category usually operate on in
sufficient capital and on the theory
that stocks can only rise and never de-
cline. Such people held the bag rs
stocks reacted from fantastic heights
to somewhere near their actual value
and then they were compelled to let go.
Then, according to the Wall Street
theory. all through a decline the long
headed folk who believes in the pen
dnlum concept of industry gradually
acquire stocks on the scale down. and
II the myths Of finance are true their
average price is somewhere near the
bottom. OF course, no two individuals
react in precisely the same manner.
but people of this group are believed
to have acquired stocks for the long
pull, intending to hold them until the
next bull market, when they sell them
to the less far-seeing individuals who
IN their folly reveal q proclivity for
buying the stocks near the top and
selling them much lower Because of
the prevalence of these long-pull pur-
chases there is less activity on the
board than in periods when the public
IS IN and out Of the market every few
days.
Believe Market Has Turned
Some brokers take the view that this
process Of getting stocks into stronq-
hands has now gone on to a rather
1uii extent. and are limiting that wealthy
individuals who preferred to lend
money on call at eXtravagant rates dur
ing the decline, instead of carving
STOCKS Tor their own accounts. are now
Just beginning to purchase stocks arain
for themselves. This view IMPLIES that
the turn in the market has come. and
involves all the dangers of prophecy.
EVen those ardent souls who predict
improved security prices do not look
1or return to the dizzy heights Of
1919, when the profits of the moment
were capitalized forever and ever.
And despite the theories that prevail
as to who has the stocks in bear
period, there is still virgin field here
lor the research worker Facts on
ms question are strangely missing.
~nq lI, some lndustrious student might
well devote his Phi. D. thesis to a dis
cqssion Of the methods by which the
"Iongheads' are supposed to ACQUIRE
securities from the "fatheads." Actual
study would reveal the fallacy of at
tempts to generalize. 1t would show
that many captains of industry and
leading men Of affairs also lose during
a declnlng market, and would probable
snow that even the insiders often are
Unable accurately to forecast the move
ment of the stocks of their own cor,
panes The strong hands that hold
stocks after a decline may often be men
OF excellent judgment and small canitai
New-York tribune., 1920-08-23
uestment
Information

Questions of general interest to
'npestors tcili be dnsmered In this
column, in schich case only initials
wiN DC used. Others ull be an
s,cered By mail. Address all in
quirtes, inclosing a stamped, ad-
dressed cnuelope. to Financial Editor.
The Tribune, l54 Nassau Street. New
York City.
New-York tribune., 1920-08-23

Question-Kindly inform me what the
prospects are for the Indiana, Columbus e
Eastern Traction Company taking care Of
their general ana refunding mortgage 8
per cent twenty-year sola bonds which
Pennsylvania Company for Insurance on
Lives and Granting Annuities. OF Thila-
delphia, is the depository FOR the bonds
c. +. Y.
Answer-We are reliably informed
that no plan for reorganization Of the
Indiana, Columbus & Eastern Traction
Company has been formulated. The
earnings for the last three months
showed that fixed charges were earned
only by one-half their amount. The
bonds are quoted in the neighborhood
OF 20 per cent.
New-York tribune., 1920-08-23
Chooses Three Speculative Stocks

Question: have $1,000 to invest and
am willing to assume reasonable amount
OF risk What do YOU think Of Garth
Syndicate at it's present praice. SO?
A bout eiehteen months ago it sold as
nigh as $50. Please give Inc any Informal
tion you may have about this corporation.
" nat Is the cause Of the great drop in the
price OF Cities Service Bankers Shares?
20 you think they win continue to pay
the monthly dividend? What do YOU
think of British-American Chemical at
Its present price, If you consider the
aboVe mentioned stocks too risky please
name five or six stocks in which could
invest with reasonable amount of safety
and a good chance to gain.--T. T. ~
Answer-If it is really your desire
to invest your funds we recommend
that you keep away from the three
issues You have mentioned. All are
highly speculative. They fuctuate
over a wide range and are very sensi-
tive to earning power The only stocks
we recommend for investment are the
seasoned preferred issues like United
States Steel preferred. United States
Rubber preferred. National Biscuit
preferred and Standard Oil of New
Jersey preferred. We make no at
tempt to advise regarding speculation.
New-York tribune., 1920-08-23

THE FIRST NATIONAL BANK or
Mount Carroll, located at Mount Carroll.
n the State ot Illinois, - closing its al,
fairs Al. note holders and other creditors
ot the Association aye therefore hereby no.
t,lec y present the notes and oihe
rialIls for payment
WM. Ii. WILDEY. President
Dated June 80. 1920.
New-York tribune., 1920-08-23
Jerome Verde Stock a Gamble

Questioned ana holder OF Jerome
Verde stock. Lataly ] was advised that
bonds oi said company are being issued
80 Ara they already disposed OF? CD Is
the management Of the company honest
CD Would Ike 70 hear your opinion about
the whole affair." }.
Answer Some three or four months
ago the Jerome Verde authorized an
issue Of S5O000O bonds. We under
stand that 100000 were offered to
stockholders and the amount unsub-
scribed was to be taken over by q
syndicate. How many bonds have
actually been sold we cannot ascertain
We do not know how efficient the man
agement is. Apparently there was only
one ore body in the Jerome district,
and we understand this has been
largely worked out. Perhaps the new
funds are needed for prospecting, and
We regard the stock as a gamble, pure
and simple
New-York tribune., 1920-08-23
Some Good $500 Railroad Bonds

Question-What railroad bonds would
you reconmend for purchase at this
time? Are there any that can be pnr9
e4ased s, oHo IN smaller denomnations than
wv particularly the Pennsylvania rail-
,odu bonds issued this spring with interest
bearing Z per cent. NJ. j.
Answer-Pennsylvania 7 per cent
bonds are in $1,000 denominations
only. The following may be purchased
in $500 denominations. All are well se-
cured and offer very attractive oppor-
tunities for investment, in our opinion:
american Telephone per cent, 1895;
New York Telephone Y per cent, 1899;
Atchlson adjustment per cent, 1895;
st. Louis-San Francisco prior lien 4
cent 1850.
Great Falls daily tribune. [volume] (Great Falls, Mont.) 1895-1921, 1920-01-22
WOOL MEN OPPOSE GAME
PARKS AT EXPENSE OF
SHEEP GRAZING AREAS

agitation against the packers and the
enactment of the so-called X and X
bills; protests against the dumping
Of foreign woods into the American
market. urges passage of legislation
requiring manufacturers of woolen
clothes to mark the per cent of virgin
wool: condemn the policy of contracting
for wool in advance of shearing; aud
Favors sale by consignment and on
commission.
Appointments on the executive com
mittee include f. @. Selway, of Dillon.
Montana.
Pure fabric laws similar to the pure
food laws. requiring specific labelling Of
the materials that make up the fabric.
were advocated today by Alexander
Walker. New York manufacturer. in an
address before the convention here on
the subject of Substitutes for wool"
Taking rs a basis for his address a
plea for a square deal for the wool
growers, Mr.. Walker denounced the
practice of fabric manufacturers in
"camouflaging under an all-wool name
fabrics that are combination of virgin
wool and shoddy."
Other speakers at today's> sessions
were A. g. Butterfield of Weiser. Idaho.
on the subject ''Silage and silo construc-
ton and DR.. c. H. Gardner Of Ana
conda, on Feeding and lamb sheds
Great Falls daily tribune. [volume] (Great Falls, Mont.) 1895-1921, 1920-01-22

Salt Lake City. Jan. c1.-Resolutions
commencing the action OF the federal
government in arresting and deporting
undesirable aliens and declaring in favor
of league of nations and peace
treaty that will uphold the American
constitution. were passed at the final ses-
sion of the National Wool Growers
convention here tonight.
Frank J. Hagenbarth Of Salt Lake
City and Idaho. was reelected presi-
dent: NJ. J. Powers, Flagstaff Arizona.
souther vice president, Professor :. w.
Coffey Of the University Of Illinois
eastern vice president, and DIR. F. r.
Marshall Washington. ID. c.. assistant
animal husbandry secretary. to succeed
DIR. s. W. Mcclure. resigned.
Other resolutions passed oppose
creation of parks or game preserves 1T
the expense of grazing areas: urge
congress to appropriate funds for the
r. s. sheep experiment station; petition
the legislatures to bar aliens from the
public domain: requests additional funds
for improving range conditions in the
national forests; asks the forest service
to provide sheep ranges SO cattle will
not trespass upon the sheep ranges:
ask better compensation for men If the
forest services fund is insufficient to
secure competent men; protests against
Great Falls daily tribune. [volume] (Great Falls, Mont.) 1895-1921, 1920-01-22

| however, that to the older men he gave
his right hand, while to the rank and file
he gave his left.
The prince spoke at length. with as
surance and ease. and in strong voice
which surprised his hearers
Wants More Contact.
Beside Lord Desborough, the speaker:
were the Earl Of Reading. Ambassador
Davis and the lord high chancellor. al
Of whom were eloquent Rear Admira
Harry s. Knapp, commander Of tht
American naval forces in European
waters. sat at the right Of the prince
both smoking big cigars and apparently
having a merry conversation.
The Prince of Wales responding Il
Baron Desborough's toast said:
II had wonderful time and | was
touched by the demonstrations of great
will not only on my account. but because
they were given me as the kings repre-
sentative and to the British people as a
whole This made me realize that only
personal contact is needed to prevent
any misunderstanding between the Amer
lean democracy and our own.
Davis Creates New Hymn.
In conclusion. may / say | sincerely
hope that physical contact between the
British empire and the great American
republic may rapidly develop a thorough
feeling of cordiality.'
The American ambassador. John W.
Davis, in responding. said that it was
much to be regretted that in the past
the two English speaking nations had
nothing in common. Now they could
both sing one anthem in unison--God
Bless the Prince Of Wales.
Great Falls daily tribune. [volume] (Great Falls, Mont.) 1895-1921, 1920-01-22
ASSASSIN KILLS
IRISH COP CHIEF
IN STREET DUEL
Constable Wounded in
Other Section; Armed
Posses Search.

Dublin. Jan. 21.-(By The Associated
Press i.-Assistant Commissioner ot
Police Redmond was shot and killed al
ESQ o'clock this evening. in Harcourt
street, one Of Dublin's main thorough
fares.
When assailed Mr.. Redmond drew his
pistol and fired two shots in self
defense
Mr.. Redmond recently was brought
to Dublin from Belfast. where he had
been successful constahular office
to assist in coordiuating the Dublin
police and secure increased efficiency
in the detective department. IN view of
the murder Of several policemen. for
which no arrests have been made
Another constable was shot and
severely wounded last night while re-
turning to his home at Turtles Armed
squads later searched the district and
entered several houses looking for the
assalants and also questioned pedestri-
ans. No arrests were made.
Great Falls daily tribune. [volume] (Great Falls, Mont.) 1895-1921, 1920-01-22
WALES LOVES WEST;
DESIRES TO REPEAT
VISIT TO AMERICA
Feels There Cannot Be Too Much Contact Between
Two English-Speaking Nations; Makes Hit
With Speech to Pilgrims.

London. Jan. o1-(By The Associated
Press. The Prince Of Wales was tht
guest tonight at a large and enthusiastic
dinner of the Pilgrims. More than 3Ot
persons were present. The prince made
a speech partly serious. and partly
humorous. With some modesty he de
hyered touches here and there and hae
a clamorous reception.
The prince reaffirmed his intention
TO revisit America. particularly the
middle west and far west, saying that the
best proof that one had enjoyed visit
was his earnest desire to repeat it. He
remarked.
Il am still receiving a large amount
Of mail from the United Stares-and not
all of it from the fair SEX which pro-
vokcd great merriment
Emphasizes Empire.
Another spontaneous touch was great
" cheered. Referring to the chairman $
remarks that the prince. after his tour.
was again dorniciled in England, he said
il was more proper to saw he was DOM
iciled as a citizen Of the British EN-
pire-
The prince also referred to his status
as a free man Of the city Of New
York.
Wearing the broad blue ribbon of the
Garter and his war medals. the prince
shook hands with all the guests as they
arrived
My right hand is in pretty bad con
dition from handshakng. | hope the
Pilgrims won't mind if I use my left
he remarked to the chairman. Lord Des-
borough. exhibiting his right hand. which
was red and swollen. II was noted.
Great Falls daily tribune. [volume] (Great Falls, Mont.) 1895-1921, 1920-01-22

OF fTaHd nave been brought. TOOK the
floor at the height Of an oratorial battle
limbared their heaviest artillery. and
opposing motion that charges agains,
the five socialist asemblymen be dis
missed declared that what the five mer
did and what they profess and what they
engaged to do stands out as plainly as
ANYTHING can stand oiit-that they gave
their allegiance wholly to an alien and
invisible empire known as the Inter
rationale.
Serve Dark Forces is Charge.
He charged that before the waves oi
public opinion stirred by this case have
subsidized this country will understand
that this socailed political party is the
agent and co-conspirator with the dark
forces of the invisible empire, whose
object is forcihle destruction of constl-
tutional government in America
Galleries Applaud.
Mr. Littleton declared that socialist
legislators could be ruled by aliens pay
ing party dues and that they are the
hired agents of a group of aliens come
to carry out the plans of the higher
agents. as far as they can. in the councils
of a free government
Despite ruling hr the chair that there
should be no demonstrations during the
trial. there was burst Of applause from
men and women who filled floor and
gallery when Mr.. Iittleton. after de-
the attitude Of the socialist
party toward the war. referred to re-
mark by Morris Iillquit. chief counsel
for the defense. saying:
Law Written by Traitors.
Mr. Hlllquit said yesterday. that
what may be treason today may be the
law Of the land tomorrow IL will be
he law tomorrow If you let traitors
write the law
This brought sharp objections from
\fr. Hillquit. who declared Mr.. Littleton's
'reactiouary un- American statement in
voked applause in this house to the
'verlastine shame Of those who par
ticipated."
did / make anv misstatement?' Mr.
demanded.
No" Mr. Hilquit said "the state
nent was absolutely correct but what
object to il the inference
Il do not intend to have anything go
into the records that is n misstatement."
Mr.. Littleton said.
Pioneers OF Truth. Says Hiilquit.
Mr.. Hillquit then named men famous
IN history who had held views opposed
to the majority and added:
There are always imitators, always
pioneers. and at first their ideas shock
hose whom they strike. We are preach
ng economic freedom. 1t may sound
Continued on Page Twol
Great Falls daily tribune. [volume] (Great Falls, Mont.) 1895-1921, 1920-01-22
CARRANZA PERMITS RESUMPTION
OF OIL DRILLING BY AMERICANS

Washington. Jan. President Car
rama has granted provisional permits 70
American petroleum producers to resume
oil drillings, suspended in November. the
American Association of Petroleum Pro-
ducers in Mexico reports, on the basis
Of adviccs from Mexico City.
Petitions for the permits made TO the
Mexican government early this month
by the petroleum producers specified
that the permits would be accepted with
the understanding that they would con
tinue in force only temporarily, or until
Great Falls daily tribune. [volume] (Great Falls, Mont.) 1895-1921, 1920-01-22

Chicago. Ian. 2l.-More than 5000
persons in Chicago are Ill from in
fIuenza, and reports we're that the
contagion had appeared in cities and
towns throughout the middle west
Pneumonia also was reported epi-
demic, and proportionately had caus-
ed large number of deaths.
During the last "a hours new cases
of influenza were reported at the rate
of so an hour. Of these. 800 could
not be given even temporary SUPER
vision by trained nurses. Fifteen
hundred additional nurses are urg-
emily needed at once, the health COM
missioner announced.
The health department announced
that IS deaths from influenza and
AZ from pneumonia have occurred
the past "a hours. New influenza
cases totaIIed i,725 as against ASIA
yesterday. with new pneumonia cases
numbering 1871. Yesterdays figures
were 297.
Great Falls daily tribune. [volume] (Great Falls, Mont.) 1895-1921, 1920-01-22
Physicians Send Out
SOSC Call; Can't Get
Whiskey for Dying

New York, Ian. 2i.-Dr. Royal S.
Copeland, health commissioner, has
received complaints that physicians
we're unable to obtain whisky for
treatment of patients. He said that
only 10 per cent of the druggists In
the city had liquor licenses and de-
ciared that he will urge the estab-
lishment Of stations by the govern
ment where liquor can be procured
for medicinal purposes by physicians.
MANY physicians, Or. Copeland
added, believe whisky Is essential in
pneumonia cases.
Druggists Of the Bronx Pharmaceu-
tical association adopted resolutions
opposing the sale Of Ioquor by retail
druggists and also urging the estab-
lishment Of government stations for
that purpose, J. Henry Zagat, presi-
dent, announces.
Great Falls daily tribune. [volume] (Great Falls, Mont.) 1895-1921, 1920-01-22

the enactment Of new oil legislation by
the Mexican government. 1t is pro-
yided. in addition. that the issuance Of
the permits will not be construed as
compromising either the rights Of the
oil companies or the Mexican government
in n future permanent settlement Of the
controversy.
In November all American oil com
panies in Mexico were compelled TO sus-
pend their drilling operations by military
forces on the ground that the com
panies had never received drilling per-
mits from the Mexican government.
Great Falls daily tribune. [volume] (Great Falls, Mont.) 1895-1921, 1920-01-22
ADMIRAL GRANT DENIES EDISON
GLORY OF SUBMARINE DETECTORS

Washington, Jan. 21-Major General
George Barnett, coinmandant Of the ma
rim" corps. and Rear Admiral A. W.
Grant war time commander Of the first
hattleship force Of the Atlantic fleet.
were before the naval awards conference
Investigation today.
General Barnett. in his testimony
before the b-committee. took issue
with Admiral Sims, saying that there
was no need for PRONUNCIATION by
Secretary Daniels Of Il definite policy on
naval medal awards as Admiral Sims
Great Falls daily tribune. [volume] (Great Falls, Mont.) 1895-1921, 1920-01-22

had contended.
contrary to popular belief. had little to
10 with the perfection Of submarine de-
tecting devices during the war. Rear
Admiral Grant told the committee that
two young officers on his STAFF, Com
mander G. $. Mcdowell and Lieutenant
Commander Miles Libbey, we're largely
responsible for the successful develop
ment of the apparatus. The admiral
said he recommended both officers for
navy crosses. but that they did not re-
ceive their awards
Great Falls daily tribune. [volume] (Great Falls, Mont.) 1895-1921, 1920-01-22
Will Try to Raise
Part Of Lusitania
Treasure This Year

London, Ian. 2i.-Efforts to raise
some Of the treasure from the ill.,
fated Lusitania will be made early
this year. Engineers and divers who
have been, prospecting about the
sunken vessel believe that they can
worth Of valuabIes, but that II will be
impossible to raise the steaner or
much Of her cargo, owing to the great
depth Of the water In which she Is
lying.
Great Falls daily tribune. [volume] (Great Falls, Mont.) 1895-1921, 1920-01-22
|b0LSHEV(k HIGH PRIESTS
CHARGED WITH TRYING To
0VERTURN us. HDUPEs
Five Excluded Reds Accused Of Giving Real Aleg-
lance to Invisible Empire Known as The Inter-
rationale; Defense Hits Back With Declaration
Admiration for Russia Is Not Crime Nor Even
Basis for Civil Suit, and Allies Deal With 1t.

Albany, n Y, JAM 21-Whether the excluded Socialists de-
MED the New York assembly agents of and
Troky alleged conspiracy overthrow the American
and substitute for it the soviet form of Russia
forward today at the trial of the five before the assembly u
committee the test of their right to the seats to which
they elected their exclusion therefrom
Martin w. Leton, who withdrew temporarily associate
counsel for the committee to handle the of T. s. Senator
Truman H. Newbey Michigan against whom election charges
Great Falls daily tribune. [volume] (Great Falls, Mont.) 1895-1921, 1920-01-22

in the United States and subject to
the jurisdiction thereof would be eligible
for citizenship"
In short time" said Senator Phe-
Ian, 'thc japanese will own all the best
lands in California unless restrained. 1t
is necessary therefore, to deny citizen
ship TO japanese born on our soil and
discourage their presence. TINS prevent
ing race conflicts. and the saving Of the
white population from deterioration"
Great Falls daily tribune. [volume] (Great Falls, Mont.) 1895-1921, 1920-01-22
PHELAN URGES RACIAL AMENDMENT
DENYING JAP-BORN CITIZENSHIP

Washington Jan. o1--A constitution
al amendment denying citizenship to all
japanese born on American soil is
proposed IN n resolution introduced by
senator phclan. democrat. California.
and referred to the Judiciary committee.
Under the proposed amendment. only
persons whose parents are white. At
ricans. American Indians. or their de
scendants, and all persons naturaized
Great Falls daily tribune. [volume] (Great Falls, Mont.) 1895-1921, 1920-01-22
Townsend Bull Sells
for $500 at Denver
Livestock Exhibition

Denver, Ian. 2I.-Ninetylfve
head of pure breed Hereford and
Shorthorn breeding cattle sold at
auction at the National Western
Livestock show, brought a total of
S92.770. One Hereford bull, Panama
10th bred by A. B. Cook, of Town
send, Montana, was sold to W. N.
Donald, of Melville. Montana, for
$500.