davidaulloa/AmericanStories huggingface dataset:
New-York tribune., 1920-05-09
Snscentible TO Speculative Influences

Question-Please give me your opinion Of
Chile Copper and Island OIL am CON
siderng an investment in both of ths
stocks. DO you regard them good Issues
to uy1-F. X. p.
Answer-Chile Copper, like most cop
per companies, has shown poor earning
power lately AS q matter of fact this
company actually reported a deficit for
1919. The copper outlook appears to
be somewhat brighter, however, and it
is very probable that the good copper
shares are in a position to benefit by
this condition. Island Oil and Trans
port is said to be making good progress
in production. The suit against the
Metropolitan Petroleum Company has
been settled, but troublous times in
Mexico may handicap operations. Nei-
ther of these stocks should be consid-
cred for investment purposes, both be-
ing highly susceptible to speculative
influences.
New-York tribune., 1920-05-09
Middle
Railroad Bonds Look Attractive

Question--Do you consider Ann Arbor As
Missouri, Kansas & Texas first as and
Western Maryland first IS bonds for q
business man ) investment? They look at
tractive at the price Would you consider
Hooking Valley first convertible 41a a bar
gain at 50 for sound investment "A &c.
Answer-For the business man who
keeps in touch with affairs at all times
we regard many issues of railroad
bonds as offering unusually attractive
speculative investment opportunities at
present The Ann Arbor per cent,
Missouri, Kansas & Texas A per cent
and the Western Maryland per cent
bonds are all secured by first liens. 1t
is our opinion that when the railroad
situation becomes clarified, which we
believe it will in due course Of time,
these issues will be found to have been
selling far below their value. Hooking
New-York tribune., 1920-05-09
American Sumatra Tobacco

Question: am interested in American
Sumatra Tobacco Can you give me some
company? Is the dividend for common
paid quarterly. what2 SU.
Answer-American Sumatra Tobacco
shows large earning power, net income
for the first six months Of the COM
panys fiscal year ended January 81
last being $1,453,347, compared with
s467,572 for the corresponding period
the previous year: The former amount,
after payment Of preferred dividends,
was equivalent to about 8 per cent on
the common stock. Dividends are paid
on the latter at the rate of 10 per cent
a year in quarterly installments begin
ming March /.
ming March /. There is some talk of
new financing by the company to pay
off floating indebtedness incurred in
acquiring new properties.
New-York tribune., 1920-05-09
Cuba Cane Sugar Preferred

ousst,on--l have a fow shares of pre-
lerred Cuba Cane Sugar and wish to know
anent these about as follows Why IL
Cuba Cane preferred ir the lower sos?
When do they pay quarterly dividends? :?
Have they been paying them in the past !?
Are Are these preferred shares still converti-
cae ert,fnotss fne1 common Nt says so In the
conversion 1t says in the certificates Sub
Ject TO such regulations as may from time
20 time be printed in the bylaws or by
make the certificate undesirable as an in
Utaat? uteastment? What are the possibilities in
Sioent to such provisions or clauses7
,. you'd you advise me to hold on another
just another question: Who are the men
oehlird this corporation and what Is your
opinion of them as to reliability ?--J A. r.
Answer-The Cuba Cane Sugar Cor
Poratlon was incorporated on Decem-
Der 81, 1915: 1t has enjoyed consider
aole prosperity since Organization. The
company has not weathersd any periods
or business depression and therefore it's
preferred stock is not seasoned, like
United States Steel preferred. Central
Leather preferred and other similar
stocks. That is largely the reason INV
the senior issue of stock sells in the
oos. Dividends are paid quarterly, be-
ginning January /. These dividends
have been paid since organization The
preferred stock is convertible into com
mon stock, share for share. Upon con
version, the preferred stock is to he
cancelled. The company numbers
among its directors men who stand HIGH
IN the financial and business world
While the stock is not high grade in
vestment, we see no immediate cause
lor concern on your part
New-York tribune., 1920-05-09
Decline Upsets Financing Plan

Question-What is your opinion of the
present standing and future possibilities
Of willis Overland common? Can you
for. new financing? ] bought about the
end OF February at 237s. Are there any
other reasons for ite recent drop besides
the general decline in the market ?-J.
w. 8.
Answer-We know Of nothing in the
affairs Of the Wylls Overland Com
peny to account for the lower price
of the common stock, other than the
general decline in the speculative mar
ket. The company's earnings were
rather disappointing for 1919, but the
present operations are said to be salts
factory, and better earnings are looked
for in 1920. Certainly the automobile
trade appears to be very prosperous.
The company hoped to finance by
offering new common stock at par
s25-to present shareholders, but nat
urally with old stock elling under $40
this plan has not been embraced with
any show Of enthusiasm. We under
stand, however, that arrangements
have been made to sell a certain
New-York tribune., 1920-05-09
Liberty Starters CORPORATION

Question-What can you tell me Of the
Liberty Starters Corporation I have been
urged 70 buy and am promised n share Of
common stock with each share of pre-
ferred.-F A. J,
Answer-This corporation which has
been carrying on an active stock selling
campaign for several months past has
capital consisting of S1,O00,0OO Of Z
per cent cumulative preferred stock
and 10000 shares of common of no par
value. The common stock has been
given as bonus to subscribers for the
preferred issue. The amount Of the
latter now subscribed for. according to
D. G. Maynard, president OF me COM
pany. is in excess of 100000. The
company has built and equipped plant
New-York tribune., 1920-05-09
Saliger Salvage System

.Question-The writer is wondering
sra regard d0o to sa hs sVs saser M any snip
system. Shares in this enterprise have
been selling at rs cents & and "a are now Of
tnent which have before me is blind"
SO far as giving anyone who might wish
to invest IN 1T any information about the
Of stock being offered; that fs whether
preferred common or both. What is
your opinion of 1t as an investment?-W.
Answer-The lure Of sunken treas
ure Is hard to resist. For many gen
erations men have sat up nights trying
to devise practical ways Of raising
ships resting at the bottom of the
ocean and salvaging their valuable
cargoes. A. B. Saliger, who for num-
Der Of years has been engaged in max
ing labor saving machinery now claims
to have invented an electrically con-
trolled device that can be made to
burrow its way through the sand under
a ship, like mole, dragging a cable
after it. In this way, so he explains,
it will be possible to place number
of chains under sunken vessel and
raise it by means Of pontoons. AS Mr..
Saliger explains it the system seems
to be feasible enough from an engi-
neering viewpoint, providing the ma
chine for digging under the vessel will
do the work for which it IS intended.
1t is for the purpose Of raising encS"h
money to build salvaging unit to
demonstrate that the device will work
that stock is now being offered. The
sums needed to make this demonstra-
ton, Mr.. Saliger says, will be about
$50, 900, and to raise this amount, stock
of 81 par value, has been sold at 25
cents and SO cents a share. The total
capitalization is s5,0oO,o00, all COM
mon, but Mr.. 6aliger says that no
effort will be made at this time to sell
any more stock than is necessary to
provide the funds needed to carry out
the initial demonstration. The pur-
chase of shares in such an enterprise
obviously is a pure gamble.
New-York tribune., 1920-05-09
valley. ~ per cent bonds are not
nrst st lien. They are. however, attrac
tive as speculative investment.
Chicago & Western Indiana Bond.

,QuestipnIwin you kindly let me know
whaI al you think Of the prospects of Chicago
& Western Indiana per cent bonds duo
september j. 1920. and at what price they
are se,nng Just now? What is the differ
9nce 1 IN price. IL any. between Imperial
japanese 2-4hs. 1925, and the German
Stamped bonds OF same issue? Also. could
you tell me OF the present price and pros
Il. V. ""
Answer-Chicago G. Western Indiana
per cent notes, due September next,
are offered at 90. There appears to be
no bid worth considering, so we are in
formed: 1t is probably still too early
to consider what should be done rega rd-
ing refinancing this issue If higher
rates are given the road no doubt the
bankers Will be more inclined to form
an underwriting syndicate for this pur-
pose. There is no difference now be-
tween Japanese bonds and those Ger
man stamped. Indian Refining pre-
ferred stock is quoted at 90 bid, offered
at 100. The stock is fair investment.
in our opinion.
New-York tribune., 1920-05-09
French Reconstruction Loan

Question: understand the Republic OF
France reconstruction per cent loan Of
missible to hold these coupons for rise In
exchange rates? Where can the coupons
ern Railway notes due 1872? In what de-
nominations do they come ?-R. X. z.
Answer-French government bond
coupons may be held not longer than
five years, after which they may be
outlawed. They may be cashed at any
institution dealing in French ex-
change. The Southern Railway notes
are dependent largely upon the success
of the road under the new legislation.
If the road is able to earn we'll it
the notes at maturity. This uncer-
tainty is reflected in the low price of
the issue, which yields at present over
10 per cent The only denomination is
81 900.
New-York tribune., 1920-05-09
A Speculative Bond

Ques.ion-Do you consider seaboard Air
Line adjustment mortgage per oent
mentP Have about $1,000 to invest and
at present market prices these bonds will
pay about 1876 per cent. Are the interest
payments reasonably sure II. W. F.
Answer-Seaboard Air Line adjust
ment bonds at the present time are not
in our opinion what would be termed
safe investment. The yield of 1876 per
cent shows, that. The bond is the last
obligation of the road, and while the
interest has been regularly paid, it is
one of those issues which are depend
ent upon earnings to too great an ex-
tent to be given other than a specula-
tive classification.
New-York tribune., 1920-05-09
American Light and Traction

Question--What is your opinion OF
American Light and Traction Company
common stock r-E. ]. MEG.
.Answer-The earnings of American
Light and Traction Company have
shown decrease Of late, the surplus
after dividends for the year ended
September 30, 1919. being s6sO,O55,
compared with $1,713,264 for the pre-
vlous year. The common stock,
pays 10 per cent In cash together with
~ per cent in stock. 1t is
obvious that the company must show
increased rather than decreased earn
ings in order to maintain the present
dividend policy The stock naturally
has become more sensitive to earning
power with the increase in the amount
outstanding and therefore it has. in
our opinion, become more speculative.
New-York tribune., 1920-05-09
A Good List on the Whole

Question--Have $4,000 to invest and own
stocks and bonds follows. with amount
paid for same per share: Five Central
Leather preferred. s10a50; ten Standard
Oil of New Jersey. STA; five General
Chemical preferred, SOC: one $500 Armour
note, 1924, $4S750; ten Union Pacific pre-
ferred, s66; five Atchtson preferred sS2;
ten Canadian Pacific s122b0: six New
York Central Railroad. 800; 81 200 LIB
critics various denominations five Della
ware & Hudson Railroad. $1376o. Would
1t be adviaab Bile to purchase the following,
taking Into confederation the above list :
One Chile Copper or one Chicago. MIL
waukee 8 st. Paul ~ per oent g. ny,
fve Atchison preferred. ave Standard OH
OF New Jersey preferred Your advice
Will be greatly appreciated.-R. w. O.
Answer-Your list Of Investments ap-
pears to be good one, on the whole
The common railroad stocks are more
or less speculative, due t1 the uncer-
tainty Of the railroad situation. The
three Issues you hold. however, are
among the best, and as they do not
represent a large part Of your invest
ments perhaps you would do we'll to
hold them awaiting future develop
ments. Your suggestion for addi-
tional investments is good, although
the Chile Copper bonds are somewhat
speculative. Perhaps it would be we'll
to substitute one of the new Chicago
Union Station 614 per cent bonds for
this issue.
New-York tribune., 1920-05-09
Texas & Pacific and Other Bonds

Question-Some years ago read q very
Ta~aa 1avorap!e D r article b. financial writer on
ieAas q Pacliic per cent bonds To-day
these bonds are selling some 20 notnts
e tS~sr Great ahaV at that TINE tine hold
more & Ohio; Pittsburgh Lake Erie e.
pa,s, mest vtrginia; Chicago, Milwaukee & St.
sa,,,, saw refunding "a per cent; Kansas City
per cent al! bought at higher prices What
90 you think about changing some of these
ponds ponds into Texas & Pacific per cent?
lolioWlng bonds: Erie 4 per cent Eansas G
cent. pei
Answer-The investment market in
general and the railroad bond market
IN particular have been greatly de-
pressed OF late. The uncertainty sur
rounding the future Of the railroads has
cause : many investors to sell their hold
ings rather than speculate upon the fu-
ture' 1T is our opinion that many rail
road issues are selling below their
value. This opinion is based somewhet
upon the belief that the railroads will
get square deal, so far as rates are
concerned. Unless you are apprchensive
over the situation and feel that you
cannot afford to speculate upon the
future, we see no reason to sell your
bonds at current prices. Texas & Pacific
first s per cent bonds will probably
come through any reorganization which
may take place without being disturbed
At present prices they yield about 6
per cent They are probably better Sc
cured than any Of the issues you have
However, the bonds should not
be expected to rise in price unless the
general investment market changes for
the better, when your other bonds will
no doubt participate also. Kansas City
Southern per cent and Northern Pacific
per cent are good bonds, we'll secured.
The Erie consolidated 4 per cent are
not high grade. There are many issues
prior to them. though not in large
amounts But the Erie is not in good
position at present.
New-York tribune., 1920-05-09

at Poughkeepsie, N. Y, costing to date,
we are told. about s15o,ooO, where it
is now making. parts for starting, light
ing and ignition systems for various
types of automobiles, aircraft, station
ary and marine gasoline engines. The
expects to have its products on the
market within the next two or three
months. In purchasing the stock you
should realize that you are taking the
speculative risk which most any manu-
featuring enterprise in the making
offers
New-York tribune., 1920-05-09
Middle States Oil-Reading

Question - Seeing you carry advertise
ment OF Middle States Oh Corporation, I
would like to inquire what you think of the
stock as an investment? What is the out
look for Reading Railroad stockholders?
Answer-The earnings of Middle
States Oil are said to be very satisfac-
tory. We should not regard the stock
as an investment issue, however. The
oil business is a rather uncertain one.
Middle States stock may offer specula-
tive possibilities, but in purchasing it
you should be prepared for almost any
thing stock marketwise. Reading is
supposed to have very valuable assets,
which probably will be distributed
among the stockholders. The company
has ninety days in which to present a
plan to the court. What this plan will
be we do not know. The action of the
stock at times indicates the belief on
the part of many people that the stock
holders will fare we'll.
New-York tribune., 1920-05-09
In Doubtful Frame Of Mind

p, ouestion-Having bought United States
Food Products at "a and United States In
dnstrial f,,i Alcohol at 90 because they seemed
,,.ae ,,ns 4, saIe Investment. ] am beginning to
wonder now that they are declining If It
Is. Is wiser to sell or to hold them for a rise
Ihey are quoted, United States Food as n
per cent and United States Alcohol as
an per cent stock. What would you say
as to the safety OF these stocks ?-G It. G.
Answer-You never should have
purchased United States Food Products
and United States Industrial Alcohol
on the theory that they are safe invest
ments. They are both very speculative
stocks. Both companies have shown
good earning power to be sure, but
their earnings vary considerably from
one period to- another. causing the
stocks to fluctuate accordingly We do
not imply that these issues have not
promising futures. Perhaps they have,
but for a real investment of funds
you should purchase only those securi-
ties which are not so sensitive to earn
ing power. These will be found among
the high grade bonds and seasoned
preferred stocks.
New-York tribune., 1920-05-09
American Ship and Commerce

Cuestion-i have some American Shin
ana commerce at 80. Also White Molor
them and what their prospects are,-J.
Answer--American Ship and Com
meTce, a holding corporation, is said
10 nave shown earnings Of about S4.76
a sooa share for 1919. The outlook for
1920 is said to be even better. The
stock, which has had a considerable de-
cine along with the general specula-
i've market, appears to offer specula-
I'VE wv, posslbilities at the present level.
White Motors is said to be- do,nu a
very large business. For 1919 a be = .
ance equivalent to 1e per cent (s8) was
earned or the stock. This was twice
the amount of the dividend. The stock
IS speculative.
New-York tribune., 1920-05-09

Qassttons Of rswerGl interest 60
smvestors seiu Do amswered in this
eotm'nn, IN sohtch case only initiuis
tcM be usea. Others witl DO on-
sscered BY mail. Address oil ~
gus'aes, tnclosimg stamped, i'd
dressed enveIope. to Financial Editor.
xhs Tribune, Is4 Nassau Street. Nsse
York City.
New-York tribune., 1920-05-09
In a Ouandary

Question - I purchased United Proht
Sharing at 27s. VIII you please advise II
had better let this go at present level?
have been informed 1T Is going to within
the next month. Kindly let me know II
this is good to hold or to let 1t go now.
A. G. W.
Answer-United Profit Sharing pays
good dividends Profits of the company
are said to be increasing. We cannot,
of course, attempt to say to what level
the stock will go. When you speculate
you must decide for yourself what is
best to be done.
New-York tribune., 1920-05-09
Equipment Bonds

Jacob II. Schmuckler. bond ex-
pert, contributes particularly
interesting discussion of equip
ment bonds.
New-York tribune., 1920-05-09
Shifting Stocks

A. B. Pendleton again makes
some timely sugges tons for
stock switching opportunities
offered by the present market.
New-York tribune., 1920-05-09
United Drug

Crauiurd Howson. our Boston
correspondent, carefully investi-
gates the present status Of this
security.
New-York tribune., 1920-05-09
London Money Market

LONDON, May s.-Bar silver. s1ssd
per ounce; bar gold, 1855; money. AZ
per cent; discount rates, short bills.
6es per cent; three months bills.
s l6Ge% per cent; gold premium se
Lisbon, li0.
New-York tribune., 1920-05-09
Coppers

Are Coppers selling too low?
Carpet /. BreGer answers this
question in clear analysis OF
their true levels.
New-York tribune., 1920-05-09

should recognize that railroad stocks
VIII continue speculative until we are
assured that this will be the case We
prefer Norfolk & Western to Pennsyl-
vania at the present time.
New-York tribune., 1920-05-09
Striking
Features
IL, this sceek's
FINANCIAL WORLD
include articles on ,
Liberty Bonds

Secretary Of 4he Treasury David
+ Houston writes with charac-
teristic authority on their market
and investment condition. His
opinions and advice are Of Inca
Unable value to bondhoiders.
New-York tribune., 1920-05-09
American Cotton Oil

Laurence Beech says some in
ieresting things about this cor
poration In his article.
New-York tribune., 1920-05-09
The Sugar Market
and its relation to
Cuba Cane Sugar

qWhen the housewife goes the buy sugar these
days her difficulty in securing than few pounds and
the prlce she conducive to setting up the public
mind the idea that there is still sugar shortage.
81 Why this and the facts about sugar production
and the salient features of article the current
number of Market Review which also outlines in this
connection the present position Of the Cuba Cane Sugar
Corporation its commercial and financial development and
business outlook under existing market conditions
Sent request for K-s21
New-York tribune., 1920-05-09
Dohertv--.---RuiIder

ihs story Of this great builder
and his work is told In the first
OF q series Of ten articles by
r. Marshall Young on Cities
Service.
New-York tribune., 1920-05-09
Standard Oils
Shares.
Other Oils

Shares Open. High. Low. Last
200 "Anglo Am Oil 90 2914 % 23i.
As 0 of n Y. 3l5 3l5 3l5
New-York tribune., 1920-05-09
The Level Headed
Farmer

The stand taken by farmers OF
economic questions is discussed
N an illuminating talk by Ben
amin + Harris, leading coun-
'Fy banker Of the Biddle West.
New-York tribune., 1920-05-09
Bonds
Financial Items

tSells cents per share.
The West Virginian. [volume] (Fairmont, W. Va.) 1914-1974, 1920-05-06
LOCAL BOYS
LOST LOOSE
BALL GAME

Morgantown and Fairmont high
schools engaged in what was adver,
tised as a baseball game at Morgan
town yesterday afternoon, but what
for the most part was a farce COM
edy, the locals going down to defeat
In the first inning, after Stockley
and Eakins had been retired. Outfield-
err Morris, son Of Tusca Morris, hit one
on the nose to deep right and made
three bases on the smash. Brown fol-
lowed with a hit bringing In Morris,
and this was about the end of Fair
mont's efforts at good baseball. True
they made a three more runs the re-
suit OF a few bingles and some loose
baseball, but these tallies were lost In
the flock of runs the home crew an.
nexed during the contest.
Pierpont was assigned TO mound
duty for the locals, and was entirely
unsuccessful in every detail, While
Criss who followed him did little bet.
ter and was given support that was as
raw as March wind.
The star fielding feature was made
by Fairmont's third baseman. one or
the Morgantown batters hit high In
field fly and the local man started run.
nings around like dog after his wig
wag," the ball coming down unmolest-
ed while the one rsng circus was In
action and the batter going all the way
to second base Criss was the local
batting star. getting two clean hits IN
three trips to the plate, the right field
err grabbing line drive and robhing
him OF a perfect batting record.
Tho sad details.
The West Virginian. [volume] (Fairmont, W. Va.) 1914-1974, 1920-05-06
Hammer Throw to
Be Hot Contest

MoRGANTOWN, May 6.-The II
pound hammer throw here May q and
% is going to be one of the most hot.
~ contested events ever staged at
high school track and field meet. Fen
ton, of Williamstown, is the newest
high class competitor to enter the
ring. Fenton last year finished third
in the event, being beaten out by
Wolfe, OF West Milford, and Barnum,
OF Parkersburg. the best throw being
1O7 feet. This spring, however, &C
cording to advices received from the
Wood county town, Fenton has been
hurting the lead 100 feet consistently
and when this report is stacked up
against the recork.breahns work OF
both Barnum at Parkersburg and
Elliott OF the new phenom discovered
by Stoddard at Huntington, 1t can be
seen that the competition is going to
he high class. These three men, at
least, all seem assured of breaking
the existing record and no doubt, OF
course. nil of them will get a chance
to show their ability in the finals Sat
urdav afternoon.