davidaulloa/AmericanStories huggingface dataset:
New-York tribune., 1920-02-08
Unaffected by Prohibition

Question-Will appreciate IL you will give
las Assch your opinion of United States Industrial
or 90 you consider this stock a spec,,ation ?
Wiil the enforcement of the prohibition Ia w
nave nave any effect this stock or dividends
Brotbsrs rot @.s' sp spprsc,ate report on Burns
Products.-M NJ. N '''
Answer United States Industrial AL
conol stock is q speculative issue. Its
earnings have been good-at times
WITHIN the last few years enormous.
me company recently doubled its capi
tal' Inc stock now pays SO per annum
on the capital. The COMPANY i
IN no way affected by prohibition. lis
products are for commercial purposes,
including the new alco gas. substi.
tute.- for. gasoline. Burns Brothers
showed $40 per cent earned on the
$S,o94,4UO common stock for the four
months ended September 80, 1919, or
at the annual rate Of $50 per cent
against 1870 per cent in 1918. The
company pays. per cent on $1,447, 800
preferred stock and 10 per cent ON the
common stock. 1t had been the policy
70 also declare stock dividends of 21a
Pc per cent quarterly on the common.
inns, disbursement was omitted last
OAAtSN hSIall CtOFeS. OQcDOrA-
ton has 549,a26 common Glass "a"
shares and 100000 common founders,
shares Of no par. An initial dividend
OF So was recently declared on the
former shares. We have no statement
of earnings. Keystone Tire and Rub
Der Company showed earnings on the
Sl,982,269 for six months ended JULY
81, 1919, equal to an annual rate Of
S5.9b, against >$5.21 for 1918. Since
that time the capital has been in
creased to s2,279,6O9 by payment of a
10. per cent stock dividend. The par
value of the stock is $40. United States
Food Products Corporation for. 1913
the S30,774,200 capital stock, against
14.83 per cent for the previous year.
Curreut dividends are per cent and 6
per cent extra. This is the latest re-
port published.
New-York tribune., 1920-02-08
United Alloy Steel

Question-,-May ask your opinion in re.
gard to the value OF United Alloy Steel
stock as real good investment under.
stand this company has something like $13..
wv, 900. or more surplus cash and there Ii
aserumor that there may be melon cut in
the future. What Is your Judgment regard.
ing this I'll. L. A.
Answer-United Alloy Steel Corpor-
alton with $4,000 shares capital stock
outstanding of no par value, has shown
earnings ca Of 1854 share in 1917 and
$500 in 1918. There is no report since
that time. 1t was stated unofficiallv
that the company after taxes and de.
preciatlon, carried $5O0,0O0 to surplus
account for the first six months OF
lSi9 equal to So a share. There is
said to be large demand for the com
pany's product from the automobile
trade On December 81, 1918, the net
assets applicable to the stock equale
gao share. The stock appears to be
bilities. s0N S"'''-
New-York tribune., 1920-02-08
Taking Too Much Risk

Question: recently bought some stock
rom broker in New York. and have since
been uneasy Us to its being safe and sound
Investment. He assured that it was
perfectly safe and that I would never be
called uron to cover UP the margin l would
Ike your opinion of my investment. and
certainly will appreciate same. rs I am in
no position to lose any of my money. If /
have cone wrong in buying these stocks on
this plan 1 would feel greatly obliged to
YOU If you would tell me how to get it
straightened out. / bought 40 shares OF
Midyae Steel st fS2., 20 shares of Pressed
Steel Car at 9s1-. 80 shares OF White Motor
I. 81 and 20 shares of American Can at So.
In the total of these shares | put up about
$3.50 cash and $500 in Liberty bonds
wanted to invest my money in a good, sound
investment that paid good dividends also
wanted TO buy the stock outright but this
the broker sand not necessary. those,
stocks seldom moved one way or the other
and that l would never be called on to put
Up any more money, ard at the same time by
buying ON a margin l could control so much
more stock and ny returns would be greater.
you VIII set me right regarding this mat
Ter sure viii appreciate it.-G. ". S.
Answer-If you are in no position to
lose you should not carry these stocks
on margin. Your broker is wrong when
ne says these stocks are not subject to
Auctuations We should class these as
'PeN A-e.e-D1iS, pUAS anu SsHlIlS. 4Ou d4
paying high rate of interest on your
debit balance. and while the income
from YOUR stock would be considered
good IN ordinary times, it is not sufti
Gent st present. To carry the securi
ties we do not believe your broke will
hesitate 20 demand more margin if. the
necessity arises. While these stocks
nay rise. we believe if YOU are averse
20 speculating yoN would do better to
close out the account and invest your
funds In good, substantial securities.
Liberty bonds yield over 5 per cent,
good corporation and railroad bonds
may be bought to Weld from "a to 614
per cent, and good seasoned preferred
stocks yield from 6 to per cent Of
course. you may obtain greater yields
than these, but in doing 50 the risk is
greater
New-York tribune., 1920-02-08
A Staunch Supporter

Question: regular reader of The
Tribune, even if it costs seven cents daily
+ that. Please give information in regard to
the following: Atlantic Fruit. stock
listed on curb at 50, recommended by John
Muir 8 -, Co. Brighton Mills per cent
also Detroit United Railroad 1st con. 1as,
! due 1882; Denver & Rio Grande 5s imp,
due 1928; Philadelphia Company conv. deb
IS. due 1922; United States Reality and
imp deb. as, due 1924, and Seaboard Air
Line ref. As, due 1853. These bonds give
high yield and are they safe. and what
denominations are they in, 500. $500 or
s1,e0O.--E. o. H..
Answer--Atlantic Fruit Company
stock is. a speculation. The company
has done some financing recently.
which is expected to place it in a
stronger. position. The amounts sold
we're $10,000,000 of 7 per cent con-
vertible debenture oonds and 100000
shares of stock. The total stock now
outstanding is 395,o0o shares. The
company plans the erection Of d sugar
mill in Cuba, together with other ex-
pansion plans. 1t remains, however,
for the company to demonstrate its
learning ability under the new capitali-
zation The Brighton Mills, while a
of small capital, neverthe-
..less has shown good earning power
4sOVSI a pSEtOu Ol 1udiy yC01o. 1Hc pre-
i.ferred stock is entitled to good in
Investment rating at pre- mt, All the
I.,bonds you mention arc more or less
speculative. The Philadelphia Com
pany shows increased. earning power.
EThe Detroit United Railway has shown
better earnings for 1918 than for the
| year previous. For nine months it
lsshowed an annual rate of 1896 per
Esceht on the s15,000,000 stock against
t12.96 per cent for 1918. Increased
fares were obtained and the proposal
noted upon last spring to purchase the
company for the city was defeated.
i, The bonds are in better position than
I:for some arne past. United States
4 Realty bonds have been strong on ac-
count of the increased value of real
estate and the. fact that the company's S
J rentals have. been marked up materially.
! They appear to offer a good speculative
investment at present prices. Denver
| G. Rio Grande Improvement bonds and
/ Seaboard Ais Line bonds are in a posi-
tion where everything: depends upon
lihe future of the railroads The Dem
1ver bonds are a second hen sof AL the
property in Colorado at,a rate .ef only
! SIS, 900 a mile. There will. probably be
Reorganization of the oorAnang hafore
long Opinions have been expressed
/ THAI these bonds will not suffer'in such
an. event. Following are. the den0minA-
| tions Of the various iasuesr: Detroit
| United;r $1,000; Denver & Rio Grande,
| $500; Philadelphia Company, $1,000; !;
I United States Realty, 81 200; Seaboard,
$500, $500 and s1.0e0s
New-York tribune., 1920-02-08
Something Being Realized

: vuestion-Will you kindly give me any
..hlormation you may have about the outlook
,er ur the bondholders of the American Real
Estate Company. now in the hands of re-
.s,sers ..n My claim is based on the per cent
bolt, no,d Bonds of the concern. Is there any
.adrset for these bonds. and, if So ut ap-
pfoximately what prices? l have UNDER
s,ood that improved real estate conditions in
a .sew York might result ultimately in a pretty
sooo distribution 10 the bondhoders, but the
.ns ,eeisers naturally, are reticent to make
any prophecies. W f.
=, answer There have been sales, by
ae receivers of some property Of the
;erican n.;sn Real Estate Company at
prices equa, to those carried on the
oooks Of the company. Should real
vssate conditions continue to improve
mere Is chance OF securing something
~ your per cent bonds. At the pres
ra ras Time sales have taken place at 10
Rsr cent or SO per 500 bond.
New-York tribune., 1920-02-08
Marlin Rockwell Cooperation

Question--Kindly give me your opinion in
your valued paper on gMaxain Rockwell Com
pany. VIII they psy q dividend in the near
future? Is the company soaAnds Would you
advise buying the stock TT L.
Marlin Rockwell. Corpora
tier stagtea g. eqs psyiaE monthly bly, divi; j;
passed the one due !ulys1. 1919. Per-
haps its dividend policy wac too lib
srai to begin with. far aaruings for thu
lirsst 81 six { months of stpiHs before take !,
we're ST, 1876 ,84a, against S., ,0s2 94e for
the correspondfng period in 1918. We
would not advise huyi4k the stock for
Investment purposes. .sAn q speculation
it may have possibi IL would be
vel. perhaps to await Khe ,stateme ent Of
operations forsthe lasts shaIfsof 1910. x.
New-York tribune., 1920-02-08
Stockholders in the Dark

=. Vuestion-l am stockholder of twenty
saares Of Philip Morris which I purchased
al at - when the market was high Do you
hina time viii come when | will receive
la'r return on my money? Does the COM
pany tnaEc al standing call for dividends
IL the future ID. K.
Answer-No financial statements ap-
GEAR GEAR to be forthcoming from the Philip
Aorrls Company. The old company
earned an average of 100000 for sew
erai years prior to 1918 and in 1918 the
earnings were $27t,000. The company
y. Is unofticially reported to be doing we'll.
corporations would issue statements
so% and then so stockholders could
tell where they stood it would be q
splendid practice.
New-York tribune., 1920-02-08
Bond Yields Unusually Hirh

Question: have few hundred dollars I
want to invest in good bonds. Win you
kindly give me your opinion on Cuba Cane
Sugar Corporation los IF. D. L.
Answer-There are many bonds Of
fering unusually large income returns
money and the unsettled conditions sur
rounding the railroads. High grade
railroad bonds may be purchased to
yield from 5 per cent to 51s per cent.
Among these are Union Pacific, South
ern Pacific, Pennsylvania, Northern Pa
citic and others Of the same. class. In
most instances these are first mortgage
issues. Second lens of good roads may
be purchased to yield per cent. The
less important systems have bonds outl
standing which will yield from 6 per
cent to over per cent. In the event
of the railroads being placed in a more
unusual speculative investment oppor-
tunities. Among these are the junior
liens of Missouri Pacific, st. Louis &
San Francisco. Chicago, Rock Island &
Pacific. Wabash, St. Louis & South
western and others of the same class.
Many industrial bonds yield from 5l4
to 6 per cent. Among these are Illinois
Steel, indiana Steel (both United
States Steel Corporation), gCentral
Leather, United States Rubber, etc
The Cuban Cane Sugar ten-year per
cent convertible debentures, due Ianu-
ary l, 1880, are the first funded, debt
on the property. During the last three
years the amount earned has averaged
over three times interest requirements.
The bonds are convertible into common
of $50 share. This feature may prove
of value. This company has made good
progress of late. While the bonds are
not Of the highest grade, they appear
to offer considerable in the way of
opportunities.
New-York tribune., 1920-02-08
Imperial Consolidated on

Question-Will you kindly give me what
information you have about the Imperial
Consolidated Oil of colorado.-P. j. NJ,
p Answer-The Imperial Consolidated
Oil Company of Colorado, so far as we
know, has no production at the present
times The company is said to hold
leases on upwards of 1000 acres in
Wyoming,' and also to own 1880 acres
of shale bonds in Colorado. Capital
authorised $l.ao0 900, par ST; outstand-
ing about 100000 shares. IS. A. HAYDEN
is president Of this company. which has
its offices in the Boston. Building,
Denver, Colo. -
New-York tribune., 1920-02-08
German Municipal Bonds

Ques stion--Will you please advise if YOU
consider an investment in municipal bonds
on the principal cities in Bernrany good
one. and, if so, would thank you to please
advise what cities are preferable and the
such bonds be purchased Il. j. G.
Answer-There is no means of ascer-
tanning the standing of German munic-
ipal bonds. Germany is beginning to
realize that she has lost the war. Large
indemnities, covering a long period
must be paid. Inreality, she must start
all over again. Remember, too, there
is grave danger of reputation. SO far
as we can see there is little choice in
these bonds. All are pure CANDLES. in
our opinion. A number Of firms adver-
tise them for sale.
New-York tribune., 1920-02-08
Bonds Yielding! Z Per Cent

Question-Please name three bonds. YOU
would advise purchasing for investment pur-
poses ia the. per, GENT class. and qbige.--
F. +. G. --'s -'sSt" '.ia r
Answer--The higher the yield on Sc
curities the greater fthe risk, generally
speaking. While Z per cent may be pro-
cured by purchasing bonds at this time
YOU should bear in mind that they are
not usually mortgage, bonds. The fol-
lowing, however. appear. at present to
be vel, secured:'. Consolidated Gas 7
per cent bonds, due 1925; Southern
Pacific convertible per cent, 1929 !;
American Telephone and Telegraph 4
ner cent, due 1924.
New-York tribune., 1920-02-08
American Brake Shoe and Foundry

Question: have been advised by friends
to invest some surplus funds in American
Brake Shoe and Foundry Company preferred
| notice in your daily and Sunday issues you
I have mentioned among others this
stock good purchase. and yet my friends
consider it a safe investment. VIII you
kindly give me some information about this
company and state if you consider it favor
ably ID. NJ T.
Answer-The American Brake Shoe
and Foundry Company is one Of those
concerns whose preferred stock is not
only entitled to per cent cumulative
divid ends before any dividends may
be paid on the common stock, but after
the common has received non- -cumula-
tive dividends of Z per cent per annum
the remaining earnings accrue to the
preferred. The latest report of earn
ings issued is for the fifteen months
ended September so, 1918. which
showed 37.75 per cent earned ON the
preferred stock, against 1921 per cent
for 1917. This stock at present pays
IL per cent. The preferred stock of
this company has not been men toned
among others because it has the specu-
lative feature attached to it. A man
might purchase the stock while it was
tpaying IL per cent and find. that de-
creased earnings had caused a reduc-
tion to: per cent. While we do not
sec any present likelihood of this. we
nevertheless class the stock as more
or less speculative.
New-York tribune., 1920-02-08
Investment Information

Questions Of general sMterest to
;.yestors wiu be answered in. th,s
soiur.n. in chick caae only imitaaas
.s;n be- used. Others sciu Do an.
ssered bs aa,i. address au ia.
awi,tes. fnciossns a stamped, ad-
Sressed enpelopo to Fiaauciai Editor.
Ths Tribune. i5I Nassau Street.. New
York City.
New-York tribune., 1920-02-08
:. Picks Out Speculative Issues

Q.rstfon-Shall l buy at market prices
two shares United Retail Stores Company,
SAYS, twenty shares United Candy Stores
Company 1917 3, fifty shares United Profit
Sharing Company, ,25s FL. P.
Answer-We frequently state in
these columns, that our object is to
give whatever information we may
have regarding securities. We do not
advise regarding speculation. The
stocks you mention are highly specu-
lStve. so many elements enter into
specula alton, elements which may ap-
pear without any forewarning, that
were we to attempt to tell the people
when to buy we would place ourselves
in very unpleasant position.
New-York tribune., 1920-02-08
Farrell Coal Company

:. Question: would appreciate very much
if you would please be kind enough to
furnish me with such information as YOU
possibly can on Farrell Coal, which is traded
in on the New York Curb market. This
stock, as l understand was brought out at
60, and has, after small rise to IS, stead
ily declined to AZ, apparently without meet.
ing any support. Do you think that the
stock is overcapitalized. which may possibly
be responsible for this decline, or on ths
other hand, is it due to unfavorable earnings
Do you know if application has been made
for listing on the New York Stock Exchange
and what its comparative merits with Burns
Brothers are? "A. f. w.
Answer-For, some reason or other
the Farrell Coal Company does not
issue a statement of. earnings. We are
Informed that the company for seven
months showed earnings of about $3.50
on. the stock. This, however. was BE-
fore depreciation and taxes. What
these items amounted to, we cannot
state. In view of the limited infor-
nation available we would not under
take to make any comparison between
this stock and any other.
New-York tribune., 1920-02-08
No Need for. worry

Qnestion--Reccntly I purshssexi a 81, o0t
r r1rss and Joint Mortgage 6 Per Cent Gold
Sond, Carolina Power aud Light Company
rcwSe and Light Company, due 1894 also
$l,000 First Lien Gold Bond, per cent
que !s46, Nevsda-Cafifornia Electric Cor
ppooraation, poran the first at $500 and the other al
bonds : Would you consider them q safe in.
vestment w. p. II. ''@
Answer--The Carolina, Power joint
bonds are entitled to = gobd investment
rating at this time. The earnings OF
the, company show steady increases at
present. interest being earned about
two and half times. The Nevada
california Electric bonds, according to
last reports, do not show up so we'll
Lbs margin, of earnings over interest
reduirements was ample to care for
these bonds. Therocare several issues
on the property, some of which are
junior. to your bonds. They appear
safe at present, however,
Leans to Southern Pacific Bonds
Qpestion--I read with interest your advice
70 prospective investors In the Sunday edi-
ton of The Tribune, and I hope you will
thinking of jnvesting 81 900 in Southern
Pacific bonds at the prevailing price Can
you suggest equally good security paying
higher rate of interest or one which,
promises a.sreater appreciation in the fu-
ture!-J. Mr. Nc.
Answer-We do not know what issue
OF Southern Pacific bonds you have in
mind. The convertible per cent Ono
longer convertible) are due in 1929
They yield about us per cent if held
TIL maturity. While these bonds are
not secured by mortgage, the earnings
Of the Southern Pacific have been ample
to- care for them. If you have reference
TO. the convertible :. S per cant bonds,
YOU would be speeulating in the stock
il you purchased them. The refund
ing bonds sell on basis consistent
with other legal Investments. These
are, of course, bonds Of some of the
secend-elass roads which yield moro
than the Southern Pacific convertibles,
Should railroad legislation be satisfac-
tory to the carriers and rates in
creased, some Of these bonds might adj
vance in price. Bear in mind, however,
that money is high now and may con-
tinue so for some time, thus causing
Investments to sell on n high income
basis.
New-York tribune., 1920-02-08

Question: have few hundred dollars I
want to invest in good bonds. Win you
kindly give me your opinion on Cuba Cane
Sugar Corporation los ?F. D. l..
Imperial Valley press., 1920-06-26

No, the brand-neW scab on the nose
of W. J. Cochrane, chairman of pub
licity, is not of political significance.
He got it out at Sutro baths by slid
ing down a shoots and humping it on
the end thereof.
The candidates don't seem to be able
to stir up much enthusiasm among the
delegates. No political ballyhood has
yet been able to divert the crowd of
visiting politicians which stands con-
stantly in front Of -Iarket Street
window watching doughnut maker
manufacture the kind mother used to
make"
There is a prevailing opinion here
that the republicans wouldn't be quite
so sure if they had it to do over again
AT CHICAGO
Imperial Valley press., 1920-06-26
COMFY CONVENTION FOR WOMEN;
TACGART TAGGED, DE CRATES MAN.
No L0Uden Money in Frisco Tgest Delegate PyopeS; S0re
Nomination Until after July Il Plea of Francisco Hote
Keepers; William JeHnngs Bryan to Sneak "The Ten
LeDerS."

They's going to stay up all night i
necessary this time.
The public stenograpner in one o,
the leading hotels here has gone t.
bed with nervous prostration. Sht
says therell be no thirty-minute limit
on nominating speeches at this con
vention. judging from some of the
gems" which have been dictated tC
her.
When Charles Murphy arrived in
town several managers Immediately
stormed his room for news of New
York's delegation. 1t was a disap-
pointed group who found that it was
the Ri. Rev. Charles Murphy, Catholic
priest from Ottawa, Canada, who had
neglected to sign his title.
"Save the nomination for July 4, is
the plea of the hotel keepers, who
promise big celebration if the 10000
crowd will remain over until Indepen-
dence Day.
J. Ham Lewis with his fashion plate
and his whiskers, is the only active
candidate for vice president yet in the
running.
The South has to pay homage to
beauty. even to the extent of unani-
mously clecting a suffragist delegate
from an anti-suffrage district. Mrs.
Neil Wright, known as "the belle Of
the convention" because OF her beauty,
was the first of fcur women to win
seats from Tennessee and she came
from the old Bourbn district OF Hunt
ington.
A big East wind started blowing.
"Just Bryan crossing the Rockies
said a delegate from New Jersey.
Who's the greatest man in America?
Wilson? Edison? No, Tom Taggart
of Indiana. So swears Alexander Man
ming, colored generali5simo Of the na
tiOnal committee headquarters, for
over 80 years.
"Mitah Taggart is de creates man
livin' O. dead" said Manning. Hes
gonta give jim Watson de French Lick
TO senate by 25:00o votes
William Jennings Bryan is to speak
mere j uHS - pSlNle Tie L NJ Y. a., CL
"The Ten Lepers." He'd have the
whole democratic convention cut if he'd
call it The Ten Leaders,
The first five presidents of the
United States ended their terms of
service each in their 66th year. OD
ponents of the third term idea here
are sure Wilson viii beat them by one
year. He is now Ga.
The tiehtest delegate has been
found. Thinking it cheaper to hire a
taxi by time, a Missouri politician
chartered a car for an hour to take
him to the country. The trip took just
45 minutes, and, in order to get full
value Tor his money he forced the
driver to wait the remaining - min
ltas before paving him. Evidently
Imperial Valley press., 1920-06-26
BRAVO, GOVERNOR

Governor Stephens says he will not reent in his urging
congress to the immigration of Japanese
into California He opposed to the selling or renting or
land to any Japanese The problem the is
the most that be decided by the Californans
In 10 years shows the number of japanese
idents in California ha doubled and $4,000 1t is
growing that another 10 years the chances
that of japanese will be three times that of to-
day-at least 100000 in California alone Governor
Stephens asks what will be the of the state If the
Japanese keep on coming the of 5000 month.
The Sultan of Turkey threatens resign his throne
protest against the severity of the peace treaty Well let
him: all the world will be resigned with him.
Dr. Wiley says that physicians proeerng in whisky
Aren't supposed to keep the spirits OF their
patients?
The Bolshevik slogan in Russia is "Anything for vct-
uas Lucky dogs If they lived here, it would be
"Everythi for victuas!"
The king and queen of Roumania will not come to Amer
lea present they planned Probably they need spring
reigns in their country
Where all the supermen that used to the rail-
roads?
Peace by irresoution what the famous really
is.
With the passing of liquor finding out how
much Of the goodellowship due to congeniay and
how much to cOnViViaity.
David Lloyd George says that the English government
will concede Irish republic That position is sui
1icient to begin the argument.