davidaulloa/AmericanStories huggingface dataset:
New-York tribune., 1920-06-13

you go aoo4t Mrs IT, 30 thought I would write to
Answer-For the sake of obtaininp q
lew more dollars each year, we do not
lhink 1T wise to purchase securities
having a speculative feature. There
fore, you should be content with G
per cent, knowing that your invest
ment IL high grade and that your in
come IS about as safe as could be ex-
pected. Canadian Pacific stock is spec
ulative. 1t has paid $40 share each
year for several years, but the rail.
roads both here and in Canada have
nad mac g considerabIe difficulty of late, and
rent dividends will be paid. 1t is pos
sible now to obtain good bonds, Sc
cured by first mortgage on valuable
pproperty to yield 6 per cent and over.
st. Paul Railroad general per cent
Rock Island Railroad general per
cent, United States Rubber 5 per cent.
ana Illinois Steel Az per cent bonds
are arr few, Communicate with any
t;e;v new YORK Stock Exchange firm adver-
Using IN The Tribune, and they will
carry out your wishes.
New-York tribune., 1920-06-13
lnheItS Some Good Bonds

Questlon-f am constant reader Of
your paper and therefore | take the liberty
81 ~. ASKING your opinion of some bonds
@ @wn.vn l recently inherited. How are they
sec ufed what issues are thev Junior 10
CO. O. 81. no" would you rate them as to
SatsGy dats,y southern Railway first consoli-
uated mortgage per cent Missouri pa
enc. series a, due 1866. first consolidate1
mortgage Central of Georgia consolidated
o per cent mortgage? Also I have a Tow
snares OF Pennsylvania Railroad Atchison
common and Pullman What do Won thinit ,Io
Vi ihese stocks?--C. A. X
Answer-The Southern Railway CON
soildated 8 per cents, 1894. Of which
there are outstanding $72,8O9.OOO. are
a hrst lien on 1923 miles of road and q
hrst collateral lien on 521 miles. Prior
mems amount to $41 1922 900, for the re-
elrement ena OF which bonds of this issue
are reserved We regard the bond as
a very falr investment. Missouri Pa
ciilc per cents, 1865, are. together
with the . per cents, 1928, and the <
per cents, 1926. a first lien on 21qa
mtes; M Prior liens amount to s13o :
ssS' 800, for which bonds of this issue
are received. This bond is also a verS
Ialr investment. The Central of
Georgia consolidated per cents 1qa5
are first lien on SOC miles. Prior
mems amount to about $17OOO. 900 This
oond is very fair investment. Your
stocks are speculative, although Atchi-
son and Pullman appear to be GOOD
earners s0o"
New-York tribune., 1920-06-13
Elder Steel Steamship Bonds

Question: would like to ask you what
you think OF the FIRST mortgage serial I
per cent gold bonds of the Elder Steel
Steamship Company. Incorporated. sold by
Halsey stuart g. Co. dated January I5
1870; also about Cuba Cane Sugar Cor
poration I per cent bonds Are they uer-
f"ctly cafe and a good Investment p
NJ a +.
Z Answer-Thc Elder Steel Steamship
Company first mortgage Z per cent
bonds arc secured by closed first lien
upon two modern steel steam ships. The
appraised value Of these ships is said
to be more than 200 per cent of the
bond issue, which natures seria!iy
5000 each year from January /.
1921, to January /, 1890. The earnings
from these two ships arc derived from
charters expiring January /, 1921, and
December /, 1920. The gross receipts
arc to be, according to the terms of the
charter, about $2,01o.0o0. Tho not in
New-York tribune., 1920-06-13
Ascendancy of
General Motors

When the idea of creating
General Motors Corporation
was born in the mind of w. c.
Durant, his progress in its
development was not without
financial stumbling blocks. 1t
was only a little more than
ten years ago that this
prophet Of the automobile
world announced his deter
mination to produce $4,000
automobiles in a year, and his
statement was considered in
many influential and intelli-
gent quarters as food for
rnerriment and even ridicule.
Last year, however, General
Motors produced 406,l5 cars,
trucks and tractors, Mr..
Durant having not only real
ICED his dream but having
multiplied it by the figure 8.
And when General Motors
expansion program is COM
pleted it will represent an
annual capacity of between
100000 and ZOO, 900 machines.
Today the greatest banking
interests in America are be-
hind the fortunes of this
New-York tribune., 1920-06-13
Shell Transport Dividend

The announcement was contained in
London advices to the financial district
yesterday that the Shell Transport and
Trading Company had declared a final
dividend of 25 per cent, payable July s.
This is said to represent about 81 on
each American share, and with the 10
per cent paid on account Of the dis
tribut.on for the fiscal year ended De-
cember 81, 1919, makes total dividend
payment of 35 per cent for that year.
The dividend is free of the British IN
come tax.
New-York tribune., 1920-06-13
Would Lose on EXCHANGE

= 9usstion-I hant , have $500 on deposit with
cannot have sent to me hers -, "nicn men, l l
o5 o. the exchange. VIII you kindly adVise
s.,e so' ,be+ mo-" TO invest this money in Canada
.erest' as am getting only about 2 Me-.
cba cbre I'm IN me me bank. | had thought Of pur
ttia tts sing canadian bands but | understand
so 1 would lose the exchange n.
Answer As long as exchange a.,
Canada remains at a discount tbara
appears to be but one thing for Won to
do II you desire to increase your in.
come. You may purchase through
some Canadian firm any of the internal
loans of Canada, drawing against YOUR
funds IN Canada. When you cash your
coupons give instructions to have the
proceeds deposited in your Canadian
New-York tribune., 1920-06-13
$4,000 More to Invest

Question: have at present forty shares
or United States Steel preferred. ten
shares OF Standard on Of New Jersey pre-
ferred and twenty five shares OF American
Sugar preferred. My purpose in writing
10 you is to ask your advice in the invest
ing Of about s2,5oo additional Naturally.
want TO obtain as good a return pos
slble on my Investment with safety.
Would you give preference to the rail
road preferred stocks, and II 80, which
ones IT. s. NJ
Answer-The preferred issues you
hold are all high grade. At the pres
ent time all forms of investments are
depressed due to general conditions
Among the following you should find
attractive investments: Central Leatii r
preferred, American Car and Foundry
preferred, National Biscuit preferred,
and National Lead preferred. Good
railroad preferred issues do not give
such high return as industrial pre-
ferred stocks, as q rule. However, we
believe the following are worthy of
consideration as investments. Atch-
son preferred, Union Pacific preferred
and Norfolk & Western preferred.
New-York tribune., 1920-06-13
American Thread Preferred

Question-W ould YOU consider American n
Thread preferred stock a good investment
for woman? W hat is the par value and
the market price? DO they publish earn
ings am a business woman-Mrs C.
&. -.
Answer-We regard American Thread
preferred stock as very good invest
merit. The par value is S5 a share.
The last statement OF earnings was for
the year ended March 81, 1919 This
showed preferred dividends earned sew
eral times over. The present price is
about So 80 a share
New-York tribune., 1920-06-13
Answer-The preferred issues you
De Beers Consolidated Mines

Question--Some time ago saw De
Beers Mines in an advertisement in your
paper for subscription at SAT per share
After asking few people about ii wrote
to one of tho New York papers asking
their opinion An answer from the editor
was TO the effect that IL "a gilt edge
Investment and that the editor would not
hesitate TO buy same himself | own 100
shares at 81. What do you think of this
stock? when are dividends expected ia
be pad? What do the American shares
think fs the cause OF drop OF IL points
since IL opened at Ar Shall hold or
sen can't afford 20 lose 80 much
A II r.
Answer-The De Beers Consolidated
Mines has issued 10000 American
shares in the ratio Of 5 for English
shares. The English shares are de-
posted with the Central Union Trust
Company. Dividends received by the
depositary will be distributed on the
American shares in dollars. Dividends
on the English shares have been paid
eacn June and December since 1910
except during 1915 and 1916, at rates
ranging from 40 to 80 per cent per an
mum. This company is successful one,
but i. is a mine; therefore. the stock
should be considered az speculative. 1t
was foated at Il time when speculation
was far more enthusisLc than at pres
ent ard prices for securities in general
were higher than At the present time.
New-York tribune., 1920-06-13
Answer-The DE Beers Conaolidated
Less Speculative Issue Would be Better

efurat4on i baye nbous 81 700 would
siae 10 inYeat iu something that you'd bo
s,ife ana you'd 2lsd the best rsturn.
Ny brother advised to buy Canadian
Pacific shares. Do you think thst would
Da u ahfe Investment, OF would you rec
0rnTaend something safer or bettsrf can
not afford 10 ioss my money, as ! los. my
husband. and am not strong. and 1 SIN
getting up iu years, would Ike To In
vesf IN what 1 could get the best interest.
Wsuid y0u also pieasS advise rns to -
saad broker don't understand any
thing about iHvastipk fnonsy, or how 10
New-York tribune., 1920-06-13
Financial Items

InfOrmation is received from TIC
Crocker Wheeler Company that tho COM
pany ia Offering to its stockholders. pro
rata of their respective aggregate hold :
ings an opportunity to purchase 2.A2D
shares OF preferred stock a par and $50
amounts are 'ig1e respeotiveiy. 10 ana 90 per
cent of the total outstanding capital stock,
The directors have also oecls red stock
dividend on common stock. psya bic Jan
uary l. 1921, amounting TO 10 per cont OF
the common stock outstanding January (.
1921 subject to the approval of the stock
holders.
New-York tribune., 1920-06-13
General Motors "Rights"

Question-As owner Of General
Motors. par value common stock, | Will
have the privilege OF subscribing for one
share of issue of no par value COM
mon stock at $50 per share for every five
shares of old no par value common. The
old General Motors stock is quoted at . y
while the rights for the new stock are
quoted on tho curb al only ! is. Does this
mean that the old stock Ia likely 10 drop
in value 10 level at which it Will be met
by the new issue which Morgan e. Co. will
underwrite? What Is your frank opinion
of the old General Motors common stock
of no par value and the new issue about
to be made by the corporation? Do you
consider stocks of the General Motors Cor
poration TO be in the wildly speculative
class or could this new issue be bought
with the idea OF keeping it as an invest
ment III. X. L.
Answer-The value of rights is fig
ured somewhat as follows: The pur-
chase of five shares of General Motors
stock at n ~ would cost $1375O. This
would give the privilege of subscribing
for one new share at 500, or a total OF
515750 You would then have six
shares averaging S2625 a share. The
difference between this figure and 27a
or a is the value of the rights. This
would not indicate that the old stock
would drop to the $50 level If it did
so before the rights to subscribe ex-
pired the rights would be worth moth
ing. We regard General Motors stock
as speculative. being very sensitive to
variation in earnings of the corpora
ton. We do not consider it good
purchase for investment
New-York tribune., 1920-06-13
investment Information

Questions Of general inteyest te
'ncestoys will DO amswered in shis
eeinmn. IN ,ohsch case only initiate
sosH DC used. Others ,oill Do an.
srered by mail. Address all IN.
qu'rses, enclosing. stamped, ad.
dressed enpsiope. TO Financial Editor.
Ihe Tribune. 49, Nassau Street, Nsw
York City.
New-York tribune., 1920-06-13
Repetti. Inc.

Question-Ki indly forward any informa-
ton that you may have on Repett. Inc.
bought same at 81 per share and would
like to know what they are worth to-day.
M. NJ. S.
ASsv er-No published statement Of
the earnings Of this company appears to
be available. The stock. in which there
is apparently very little public interest,
is quoted about 3 Z bid, offered at 5.
New-York tribune., 1920-06-13
Dividends

Pay Shoiders
Stock rate and period able of rec.
Aeolan Weber Piano and
Pianola Co. pr a, q. June 30 June
Bell Tel of Canada. 2, q July Is June 80
Candy Corp, Advance. 2, q.Juiy ! June 25
Continental Candy, Csc. q July 20 June 20
Fall River Bieachery Corp,
Corp. stock, l50. 0.....-.- - -
First Reinsurance Co, Conn,
ia uly June ~
Intercolonial Ming Co Mon
treal ga. s-a...,.......,J July June IL
do pf. 8 12, s-a ....... July June ~
Okla Nat as Co. 2ic, q July IS June Is
Pacific Dew Corp. 2, q....Aug Is July
She'll Transport g. Trading
Co. 25, I'm. ..--............. July -
New-York tribune., 1920-06-13
Long-Term Bonds Yielding psr C.n

Question-kindly give me your opinion
as 10 the value. security and future pros
2ects Ton,s Of Of the following Investments: New
York Central stock. Delaware G. Hudson
stock. Atchison preferred Pennsylvania
Kaiiroad stock, Pennsylvania Railroad 7
per cent 1890 bonds. Western Electric 7
per cent, 1928 Consolidated Gas Company
I per cent. 1928. Can you suggest long
term bonds that can be bought at this date
yielding about per cent L s
Answer - Practically all railroad
common stocks are speculative, due to
the uncertainty of the railroad situa-
tlon. We do not believe therefore that
most of them are good investments If
you care to speculate upon the future of
the railroad situation you may be re-
warded Atchison preferred is entitled
to good rating, as are all the short
term bonds on your list. The follow
ing long term bonds yield per cent
and more: St. Louis 4 San Francisco
prior lien 4 per cent; Wabash second 5
per cent, 1889 Chesapeake & Ohio con-
vertible per cent, 1916; Chicago
Great Western first 4 per cent, 1859;
Denver & Rio Grande first per cent,
1885.
New-York tribune., 1920-06-13
Entitled to a Good Rating

Question-Please tell me II YOU consider
the southern Pacific equipment bonds due
IN 1888 yielding $50 per cent, a perfectly
tional equipment, Yielding 710. a SAT.
bond to buy: Could you suggest any bet
ter bonds? wish long term bond
Mrs. 3. NJ. l..
Answer-We regard railroad equip
ment bonds as very good form Of in
vestment. They are payable, as a rule,
in annual or semi-annual installments
the equipment being vested in the trus-
tees until the last payment has been
made. Both the Southern Pacific equip
ments and the Canadian National equip
ments are entitled to a very good
rating
New-York tribune., 1920-06-13

come is expected to be $1,335, 600 for
the year 1920, as against bond interest
of $150,500. The bond appears to be
we'll secured, and wa regard it as a
falr investment. Cuba Cane Sugar
bonds are amply protected at present
by large earnings. They are converti-
bic after January 1, 1922, into common
stock at $50 share, thus giving the
holder speculative opportunity. The
enormous profits made during the last
few years by most sugar companies
have enabled many of them to pay high
dividends and build up large surpluses.
Earnings, however, are likely to fall off
somewhat when prices for commodities
are brought down to a lower level.
Therefore we regard this bond as
somewhat speculative
New-York tribune., 1920-06-13
Drawing Interest at Least

Question--Just before the | was left
by a relative in Germany 1000 marks,
which was placed to my credit in a saw
ings bank in Germany and which money
now learn is still there. would like
to know from you what is best for me to
do With this money. whether to leave It
Just where ii is hoping that in time marks
viii appreciate in value. What would
you do if the money was your own m. l.
Answer-By allowing these funds to
remain in a savings bank in Germany
they will at least be earning interest
as long as you may see fit to hold them
for rise in exchange rate for marks.
In this respect you would be much
better off than a great many persons
in this country who have bought marks
for speculation and are not getting
any return on their money. Financial
conditions in Germany are so very un-
settled that We would not attempt to
say how many marks the American
dollar will buy next month or year
from now, but if you feel reasonably
confident of the stability of the Ger
man savings bank in which this in
heritance is deposited it would be bet
ter in our opinion. to leave the money
right where it is for the present.
New-York tribune., 1920-06-13
Worthington Pump and Machinery

Queston-would appreciate your VAL
Sa Ssa advice on Worthington Pump and
,nann mann,nery gnr Company. past record, present
market price, etc.-E. W,
Answer The Worthington Pump
and Machinery Corporation. successor
to the international Steam Pump Com
pany, was incorporated April 20, 1915.
1t has outstanding s5o6,2OO bonds of
subsidiary companies Its capital con-
slsts of S5,5e2,833 class A 7 per cent
cumulative preferred stock, slO,321.671
class Is per cent cumulative pre-
ferred stock and s12,992,149 common
stock. all 500 par value The stocks
are vested In the hands of voting trus-
sees until April 1, 1921. For the wear
ended December 81, 1919 net income
was s3,257,064 after preferred divi
dends. The surplus was s2.246266.
equal to 1923 per cent on the com,
mon stock. An initial dividend of / "a
per cent was paid April, 1920, on
the common stock. ; The former com
pany went through rather drastic
reorganization in 1916. Consequently.
the present company is able to show
very good earning power The man
agement is said to be efficient, and the
directors are all able men. The presi-
dent stated recently that the volume
or business is increasing and that the
cash requirements were heavy, but
that the corporation is able to meet
these requirements through the profits
developed. The stock sells at present
for about 66. 1t is speculative. as it
IS hlghiy sensitive to earning power.
New-York tribune., 1920-06-13
Both Are Good Investments

Questio on--Would you give me some in
formation about Carolina Light and Power
nrst mortgage bonds, paying per cent.
maturing in 1898? l bought them at 7sI
Are tney good investment in regard TO a
regular income? Also, some information
about Bell Telephone of Canada bonds.
paying per cent, maturing in 1925 Are
these bonds speculative or steady? have
about $4,000 to invest. Would you plea "a
tell ms OF a few bonds maturing In ten or
htteen years that you consider safe from
an speculative points of view? would
like a high class bond paying 6 per cent
or per cent.-A. G. O'C.
Answer-Both the Carolina Light and
Power per cent bonds and the Bell
Telephone Of Canada per cent bonds
are good investments. There is prac-
tically nothing of the speculative about
them. If you desire high grade bonds
maturing in from ten to fifteen years
we do not believe you could do better
than to consider the recent equipment
trust obligations offered by the Union
Pacific, the Southern Pacific and the
New York Central Railroad These
bonds yield approximately per cent.
They are very desirable form of in
vestment obligation, in our opinion.
New-York tribune., 1920-06-13
Foreign Govt. and Municipal Bonds
Qnterest To Be Added)

Bid Asked
eng nrs, 10 r rench Extern 0s, 1920. SO ID 991a
Province of Alberta ........ 81
DO 1926 ............. 50 ss%
Argentine Intern 5s. 1s45 7lia ~
90 os l92l ....-........... S6& 81
Sahaoa' Dom or. notes. 1921. 97h 971a
70 t.Ss ...+....t..... 81 II 9lsA
cn 40 1881 ............. S914 sala
Ci Ci.inese IVt Hu kug Ry 5s, 1851 Al 4las
Cuba Extern 5s 1914. s0l, 81
ao W oS series A, ls49........ Boa S21a
10 rs, lV49 ............ 1874 "a
rt.,i Cotilnion M Republic 6s, 1855. s5ls s74
Nity u lyons lo-yr 6s 1854. S5i4 Ss
do Marseilles 15-yr 6s 1885, ssh ss
do bordeaux 15-yr 6s 1885, s5L SO
no Gopennasen 2o.yr 5 1as, "A 741a 1914
r1shtH 1aIis Clty os 1871 L.. 92as 92ia
"Ap EVt f1as string In. 1925. 1914 75ia
do 1as I'd series. 1925 74is 74A
az rs strlnx in, 1891. ....... 56A 56t.
r, uo ioh1o Clty 5s. 1862. 54 56aA
X CT & Ir 5-yr 5Iss 1921 96rb 96..
~ 9cSr rs W. :.......... 9444 S4la
90 dV-yr as 1923. ......... S914 s9a
do 20-yr 5las, 1897. 84Ss - !.
Mex Extrn string 5s Of '9s 1915 32Is "a is
do gold AZ of '04. 1854 20 ~
Kingdom of Italy. 5-yr 6lasg s2X o.
New-York tribune., 1920-06-13
DIVIDEND NOTICES
AMERICAN CAN co

AMEEitAN CAN co.
quarterly dividend OF one and thrae-
quarters Pc cent has been declared on
the Preferred stock of this Company.
payable July lst, 1920. to Stockholders OF
record at the close OF business june 18TH
1920. Transfer Books will remain open.
Checks mailed. r. H ISMON
Secretary and Treasurer.
New-York tribune., 1920-06-13

IS not an investment issue. Earnings
OF the company fuctuate widely. From
the equivalent of SO per cent in 1919
they rose to Papa per cent on the com
mon stock in 1918, and dividends have
been paid accordingly, the present rate
being 6 per cent. Stocks which are so
sensitive to earning power should not
De considered for permanent inves st.
ment: The preferred stock is sea-
SOned inVestm ent issna
New-York tribune., 1920-06-13
Many Others in Same Roat

hye years, bought a good many shares
OF Peoples Gas at III and us a share
Now the dividend is passed and the price
OF the stock is way down friend ad :
Vlsed me to buy some more and even up
ana get out. SO I bought ten more share,
at 90 and Do a share now it is down
again wrote several times TO the Peo-
pies Gas Company, but they have my
money ana don't care. I am seventy-six x
years old and a poor woman. Kindly ad-
The Crittenden press., 1920-01-16
RIVER WILL CLEAN iTsglP.

From this summer onward the
Mississippi river will keep its own
mouth clean Of mud and silt and
sand, so that ships can pass in and
out and 100 miles up the river to
New Orleans.
This has been achieved by merely
narrowing the channel inside the
jetties by means Of timber break
waters to 1000 feet, with a mean
depth Of 35 feet, and then directing
the main current Of the Mississippi
through this narrowed channel. Only
one dredge will be required now for
soundings and records, whereas three
or four dredges were employed be-
fore to keep the channel clear. Now
the current Of the Mississippi scoun
its own bed.
The Crittenden press., 1920-01-16
BAKED FOR THE COMMUNITY
Public Ovens In London Wsrs Com
mon Within the Memory o.
the Middle Aged.

What memories the suggestion Of
communal kitchens revives. For W
had to some extent its prototype in
London in the bakers oven, where
all and sundry could have their din
ners cooked at . charge Of tvopenos
per dish
The practice, which obtained to Q
very large extent forty or fifty yean
ago, was made necessary owing to
the fact that few working-class
houses boasted OF an oven or kitchen
range.
And so every Sunday one could
witness the interesting spectacle Of
thousands Of fathers Of families,
whose prerogatiye il was by strin-
gent unwritten law, sttired in their
best clothes and high hats, carefully
conveying the weekly joint, which
was, as rule, in . pie dish, with po-
tatoes all around it. to and from the
bakehouse, mindful on the return
journey Of the housewives injune-
ton mot to spill the grsvy."-Los-
don Chronicle.
The Crittenden press., 1920-01-16
MEMORIAL TO APPLE GROWER
Ohio State Horticultural Society
honers the Originator Of the
Rome Beauty

To commemorate the originator Of
the Rome Beauty apple the Ohio
State Horticultural society held its
annual summer meeting al Proctor
vile July %, where a memorial was
dedicated to h. n. Gillett, who was
instrumental in the propagation OF
the variety.
The original tree was derived from
frsai graft. The sprout was given
BY Joel Gillett to his son, who set it
out IN = corner Of a field near Proc
torville, on the bank OF the Ohio
river, lO2 years ago, and it stood
there until 1860, when it was swept
away by food.
When the tree began to bear frui.
it was found to produce apples Of
such excellent quality that it was
named Rome Beauty-Rome from
the township and Beauty from its
appearance.
Rome Beauty has not only retained
lts position as the foremost CONNER
cial apple Of southern Ohio but is
nov grown in every state east Of the
Mississippi river and in some states
west Of the Mississippi.