davidaulloa/AmericanStories huggingface dataset:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-04-04
Utah Securities-I.a Rose Mines

Question: would thank you for any in
formation that you can send me concerning
to Utah Securities. WHAT is your opinion
of La Rose Mines, Ltd, at the present
price,. M.
Answer-The Utah Securities Cor
poration does not show much improve
ment in earnings. After payment Of
interest on underlying bonds and the
corporations own notes there was
something in the nelghborhood of so
cents a share left for the stock last
year. Earnings for 1919 were about
the same as for the previous year.
La Rose Mines Is said to be making
some progress in production. 1t was
unonicially stated during February
that On important strike was made on
the property. This apparently has not
created much enthusiasm 50 far as the
stock is concerned. The latter, as for
some time past, sells for about 80 cents
a share. The company's profits for
1919 were reported to be S5l 1876, COM
pared with A5,544 in 1918. The stock
in our opinion is a pure speculation.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-04-04
Continental Motors Common

Question-I am thinking Of buying 100
shares Of Continental Motors common at $l2
q share. I understand It pays S per cent
dividends. Do you consider this a sound in
vestment r. D..
Observation-Disclosures Motors Is q
we'll managed concern. It's output Is in
creasIng. and the company looks for
ward TO 1920 as a banner year. We dc
not, however, consider the common
stock a sound investment, because it Is
too speculative. 1t pays s per cent, OF
80 cents a share, per annum. Pan
value, $40.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-04-04
Time for Deposits Extended

Question-Kindly let mo know the status
of Xwell-Chalmers Motor stock. What is
it worth? Have any dividends ever been de-
clared Is. l.. X.
Answer-Suficicnt deposits of Max
well and Chalmers stocks were not
made to effect the contemplated merger
Of the two companies. The time Tor
deposit Of the stock has been extended
to April 80. No dividends can be paid
on the stock Of the combined com
panies until the merger has been con-
summated. Nc quotation for the stock
appears to be available.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-04-04
Made for the Purpoae

Question-Would you kindly advise e
woman how to invest 500 or 5000 which she
occasionally has for such purpose7 Please
name some safe investments and also some
slightly speculative stock Investments. Also.
kindly advise which reliable concerns tpref-
erably uptown. between Thirtieth and For
small amounls.-Mra. l.. W. r..
Answer When the obligations Of the
United States government are selling
on a basis to yield 5 per cent, one in
your position does not nave to look far
for the right sort of investment. In
fact, Liberty bonds or Victory notes in
$50 or 500 denominations seem spe-
cially designed to meet the wants Of
yourself and thousands OF other small
investors. At present prices the chance
-of a speculative profit is not licking.
ANY bank or New York Stock Exchange
house will be glad to handle your or
ders.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-04-04

Question-Do you conslder Canada Copper
a sound investment &c. T.. b.
Answcr-This company has been
doing considerable development work.
1t is constructing n railroad to cost,
according to report, 1000, 900, and also
a power line to cost $500 900. Both, it
is expected, will be in operation this
summer. BY next August the company
expects to be shipping / coo tons of ore,
yielding upward of 10000 pounds of
metal, n day. The stock Is not in the
investment class. but appears to offer
speculative opportunities.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-04-04
Bonds Not Adequately Described


Qucstion-I would greatly appreciate your
opinion concerning the Issue of $3.50 600 in
convertible gold coupon bonds convertible
into common stock of the Consolidated Pro-
ducing and Refining Company. | am inclos-
ing q copy of their prospectus and shall DO
glad to have your valuable opinion on these
bonds as an investment.-L. K.
Answer-IThs circular makes no non
tion Of the position Of these bonds. 1t
is not stated that they are q lien on
the property. They appear to be In
effect a preferred stock. No statement
Of earnings is given upon which to
base an opinion. Considerable Is said,
however, about the expectation to de-
clare "a per cent dividends on the com
mon stock. Unless a more detailed
statement Of earnings, etc, can be OBJ
tanned we DO not be ieve you would be
justified in buying these securities for
investment.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-04-04
Union Carbide and Carbon

Qucstion-Havc $1,000 to invest. and l am
very much Interested in Union Carbide and
Carbon Corporation. Please give me your
it a good investment Pc. II. M.
Answer-The Union Carbide and
Carbon Company has expanded rapidly
in the last few years, taking over a
number of smaller companies. No re-
cent statement Of earnings has been
published, but we understand the COM
pany has operated with considerable
success. The common stock now paws
dividends at the rate of IS a year in
quarterly installments. We would not
regard it in the investment class, as
dividends are liable to fuctuate with
earnings. AS q speculation 1t appears
to offer possibilities.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-04-04
Minerals SeDaration Shit

Question-What is the status of Minerals
Separation Company's suit against Butte 4
SUPERIOR 1t has dragged along now for
more than two years.. NJ. C.
Answer--We are informed that tho
Butte & Superior Mining Company
must file u new and detailed statement
Of its operations over the entire period
IL which the court found 1t infringcd
notation patents Of the Minerals Sepa-
ration Company. This must be ready
for submission to the court by May
18. 1920.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-04-04

Qaesttoms Of general interest to
fnvsstors WA b anstusred IN this
column, tn whfch case only initials
WiU Do used Others tvill be an-
swered BY mail Address all in
QUERIES, ~tnclos!no a stamped, ad-
dressed e~nVsIops. to Financial Editor.
The Tribune. 49, NasA'u Street. New
York CITY.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-04-04

Question~M Rht ] ask your opinion + the
following tonds7 want 10 buy $1,000 as
want TO sacrifice security. Rock Island,
Arkansas g. Louisianu TER. 1894. at 81
f$JG0) Tolcdo & Ohio Central 5e. 1885, at
7fM Cincinnati. Hamilton & Dayton 4izs.
1877. ut 81: Cincinnati. indianapolis e.
Western first Is. 1868. al -. Hooking Vol
iey os. 1924. on 7.15 per cent basis Ralfi-
mare g. Ohio EMs. 1925. al s3M Big -Four.
81. Louis Division. ~. 1880. at g5h. and
eouthcrn Pacific Snn Franctsco Terminal 4
per cent or II. Which. II any. Of above
wDnid 10 your s~rlection - rcceiye rs large
return IN possible. without having 10 lie
arnke night" ov~r principnl7 want them
strlGtiy ~ INVESTMENT If you ARE not pnr-
ticulnrly cnthnsiastc oyes tho allows. whnA
rails would you suKNe.t &c. +. i.
A~nnwcr~Ths bonds you have SO
leetDd are not all high Crude. Fro.
quently IN order to ot4aIn unusually
high yields ON investn& mt tho safety
n. hA-snrinnanAl IL DlAslMs In Jeopardy.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-04-04
Is Business News

lGH money rates continue to be exactedf from borrowers Of capital or com
1a a mefc aoa nteaprise although the genera. credit situation is easier, and
%I 6aak OF New York. in it. weekly statement shows an increase in gold
oeHatlon process is progressing.
Credlt men for Wholesale houses are Tightening u n he limits allowed
gstomer and ere planning a policy Of stringent credit granting for fall goods,
Commercial paper ratesq quoted by dealers last week were as follows:
Spot delivery. Ninety days. Sixty days. Thirty day..
FnHp4s eno bahks. g, @55+ 5s@5ss b4@51s
Ineligible bank bills: ..:... Z 06 7 as @6
+ OF delivery within 80 days:
Eligible memher bank, 6L4 bid.
Eligible o member banks, G2 bid.
Ineligible bank bills, s bio.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-04-04
Entitled to Dividend

Qusstion--1f a dividend Ia declared on q
stock | own, payable on May | TO holders
Of record Of April /. do I get the dividend il
sell the stock on April rs. L.
Answer-You arc entitled to the divi-
dend II you sell your stock on or after
the day 1t sells ex dividend.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-04-04
Keep Investments in Mind

n tA AL
Question-I can invest from $500. to $1,000
lay away these investments and forget them.
! want a fair amount Of safety with good
yield. Are railroad and industrial bonds
best for my purpose Are Seaboard Air Line
rs around Is good Is Chicago. Rock Island
Northern preferred good? Is Baltimore &
Ohio preferred good?-M. E. S.
Answer-Much depends upon the
class of investments you desire to
make. High grade bonds and preferred
stocks may be purchased to yield from
3 per cent to over 6 pc: cent, while pre-
ferred stocks of sound railroads and
industrial corporations yield from 6 per
Of speculation is at g minimum here.
II you choose TO obtain q higher yield
you may DO so by the purchase Of sec
ond grade bonds and stocks returning
from 7 per cent to 10 per cent, ven
more. You would do well to diversity
your investments. Purchase both in
dustrials and railroads. Many hydro
electric securities and other public
utility Issues appear sound at this time.
First mortgage bonds, such as Chcsa-
peoke & Ohio consolidated IS, Atchison
general IS. Wabash SIS. St. Pau general
Is, Indiana Steel SIS, United States Rub
- ON itLuli tIDII - pei CSUI ~ ONCL
6 per cent Seaboard Air LINE refund
ing As at present prices return we'll
over 8 per cent. They are not high
grade, yet the road manages at present
to pay the interest on liens junior to
these bonds. The Chicago, Rock Island
& Pacific did not earn its preferred
dividends during 1919. The govern
ment compensation was sud Recent, how
ever, for both classes Of preferred to
receive their full payments. We do
not regard the stocks as high grade, yet
uuder the new legislation II would ap-
pear that the road viii be able 10 main
tain payments. Great Northern pre-
ferIed must be considered a. having an
element of speculation. This road did
not DO very we'll during 1919 either, but
operation under the new act may be
q different story. We do not regard it
as a sound investment, however. Balti-
more g. Ohio did about as badly during
1919 as any OF The railroads. We are
not quite sure that this was entirely
due to government operations. Some
Of the Junior lien bonds of the Balti-
more & Ohio, We believe, offer better
speculative investment possibilities
than the preferred stock. But what
ever securities YOU may select, our adj
vice is not TO forget them. Keep your
Investments always in mind and be pre-
pared to act if occasion should arise.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-04-04
Interest Deferred Six Months

Question-Would you kindly inform me as
to whether or not the Maryland, Kentucky &
Tennessee Railroad has defaulted or the first
mortgage 4 per cert tonds, 1880? Also
would you venture an opinion as to whether
they are likely TO be disturbed'i in receivership
and reorganization Il. J. d..
Answer-The interest on the Mary
land, Kentucky G. Tennessee first a per
cent bonds was deferred for six months
from December, 1919. 1t is our opinion
that they will be little disturbed, if at
all, during reorganization.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-04-04
United RAILWAYS Investment

Question A few monihs ago | purchased
nftcr due confederation fifty shares Of United
Railway Investment preferred ut 20. Since
then It declined In 20M md Ia now aelling
around .b@. ] understand that It Ia n hold
Ing company of Philadelphia Company stock
and that lis transportation interests In San
Irnnclhco nrc now on n better footing. I do
not want to hold indefinitely and Tie money
up In n stock that pays no dividend or has
no present prospect Of mn ndvnnca In market
price. Kindly give mo your opinion 40 to
whether you think tho stock may soon ad-
vance In price and is prospects for any d!vL.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-04-04
Non Callable Preferred Stocks

Notwithstanding the callable features
of a deferred stock. which give to the iss Ying
company. among other privileges, the right
to retire the stock after a certain time at a
specified sum. do you not think a non-call-
able preferred stock a more desirable in
%vestment? Does not the absence Of these
features in a non-callable stock greatly en-
nance the value If the latter as a sound in
vestnent, and are they not q distinct disad-
vantage TO the investor In a callable stock,
especially if the investment ig a good one ?
Please name three non-callabie preferred
stocks yielding between 6 and Z per cent
that you would recommend as a permanent
investment.-T. Mel
Answer-No doubt, so far as per-
manency Of investment Is concerned,
non-callable preferred stocks have an
advantage over the callable Issues. al
though the callable issues are in near
ly every case callable considerably
above present quotations. The follow
ing preferred stocks have no callable
provisions: United States Steel pre-
ferred, American Tobacco preferred and
Unitod States Rubber first preferred.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-04-04
Foreign Government Bonds

Question-Will you please advise me con-
corning Investments In foreign government
bonds safe. and in what order would you
rate them: Argentine bs 1945). Chinese Gu
Hu Kuy Railway Is (195l), Copenhagen SIPS
i944), City of Toxic IS 1952), japanese is
IA safe ~ the externals, and which would
prove more profitable investments sho1ld
British exchange return to par before ma
turity? For instance. would not the Bs.lsh
5 per cent national war bond. fourth series.
at present market price. which natures in
1929. pay a better income on the investment
than the United Kingdom Of Great Britain
and Ireland 5lba. due IN 1929? If so. what
would be the disadvantage in buying it?
Which do you regard the best internal loan
Of Great Britain for a long time investments?
Which one Of France, aside from the new
1920 loan Are the following two firms re-
liable and In good standing: Herrick & Beo-
nett. Sc Broadway. and John Muir & Co.. 81
Broadway?-L. f. D.
Answer-We cannot make a broad
statement to the effect that foreign
bonds are safe, We believe most of
them are safe at present. There is al
ways the chance of political complica-
lions, and for that reason we have fre-
quently stated in these columns that
there is a speculative feature TO almost
all foreign bonds. apart from the ex-
change feature. We regard the bonds
~ law % "a tfS At4AoAh
speculative investment opportunities at
this time. We rate them in the fol-
lowing order: City Of Copenhagen 5Ms,
Argentine 5s. japanese 4s, City Of
Toxic IS and Chinese Railway 5s. FIX
tcrnal loans of nations we consider
better than internal loans. The former
represent the debt Of all the people to
another people, while the latter rep
resent the debt Of the people among
themselves. For income purposes we
prefer the external loans to the in
ternal loans. For speculative purposes,
on account OF the exchange feature, we
prefer the internal loans. It is diff
cult, even II possible. 10 figure the yield
or internal loans from the. standpoint
Of foreigners, for the fluctuations in
exchange affect the value Of the coupons
as they cor : due. There is no par
ticular choice among the internal ioans
Of France and Great Britain. Both the
firms YOU mention are members Of the
New York Stock Exchange and we re-
gard them IA Yeiiohle
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-04-04

weeks than many other oil shares.
For that you ought to be thankful.
What it will sell for a month hence or
a year from now we do not pretend to
know. When you buy stocks for spec
ulation the uncertainty is thrown in
for good measure. Usually you pay
for it by sacrificing peace Of mind.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-04-04
Better to Held Southern Pacific

Railroad stock. Would you exchange same
for so,ne possible stock dividend payer such
IS Bethlehem "B." United States Steel COM
mon. American ! connective Sears Eoebuck
ComDany, United Alloys or Ohio On2-J.
p. r
Answer-All the stocks you mention,
tive. Much is heard these days Of pos
sib.e stock dividends. We ear many
people viii be somewhat disappointed.
1t is ouv opinion that if you change
from Southern Pacific into one or more
Of the other stocks named you
viii be increasing the speculative feat
urc of your holdings. Southern Pa
cifc is q coed Garner. It has valuable
oil lands and considerable property In
Mexico. We believe you should leave
vel enough alone.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-04-04
Commodities

on Saturday IN sympathy with the very
sharp upturn In other grains and on cor
,vere bidding t2sl for No. wheat on n
rack ana s2.s5 Z o. b, but while there
ere n few small lots offered al about E
available. IN the Northwest TIE mark
vas also firm and pies IN Minneapol
are n-achaqgsa to Sc bisnsF The w F9.5
ad been sold 70 the mills bur which la
been delivered was looked upon g. &
builish feature and emphasized the fac
hat transportation continues to be one of
lie most important features IN the situa-
ion.
Corn-The highest prices for The season
we're made IN the corn market on satu7-
a-arly &c per bushel from the final ~
thursday. Shorts were anxious buyers.
It WAS again the question OF transporte-
ion ana receipts. Advtces from chicago
id that tho railroads IN thar district
we're facing the possibility 0f a complete
Cup on account o. 4 ~switchmen's strike.
nd, as stocks there are very small. any
ming which has a tfndency % beck tie
noveInent was looked upon IS extremely
Yesterdays Previous Year
On IN y S'2 ? yeliow.. 1888 : :lS 3 Sc; fsSs
Chicago:
aiy..... IS l.S4. 49,
OatS-Thc oats market also made nsw
records and was Influenced b. many Of
he features which affected corn Re
eipts w-re small and shc-ts were evtdenty
cry much concerned over thg possibility
4 moving enough grain to hll outstAnd-
ag contracta. The looal cash market wfs
8trong and higher. No. white quoted
At $1.12 No. 2 white. SIP. No wnlts.
Sill, No. q white. $40, fancy clipped
w hite. sl1<. and ordinary clipped white.
Sill, all elevator.
Yesterdays Previous Tsar
Now York NtnaA riaaa eN
No. 2 wh.;1 oS Il l.oe 81. os q !. % y so-fsa
Chicago
ts-.. -tVt .o6E feoh
.lly. ..... SEA 81 sc
Rye-Market strong.
Yesterdays Previous TsA-
New York; close close sso
70. 3 West.....s2.1l& s2.O4 tl.ss
Flour and Manifestations were:
Yesterdays Previous Year
New York; close close ago.
N. pat. sl2.75 $500 sl~l.7tui2.oe
meal 4.200l.2S 42O442S 500 Q So
r. -four. 9.50W975 e.00@-b0 sOtc 1000
ran. $50 $500 900
Cottonseed Oil
Despite the pronounced strength n RI
r-at In and nr1ViSfD1 markets -rnrFay see
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-04-04

We do not anticipate any difficulty on
the part Of the roads to pay interest
on the bonds you have chosen. The
best In our opinion are the Baltimore
& Ohio IS, 1925; the Cincinnati, Ham
ilton 4 Dayton As. 1887, and the San
Francisco Terminal bonds. These is
sues. are all entitled to good invest
ment ratings in our opinion. The
others are more speculative. although
the Rock Island, Arkansas & Louisiana
bonds went through the Rock Island
rcceiyershir nnNjsturhed
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-04-04
A Large Oil Producer

Ouestion-Will you kindly favor me With
your opinion regarding Atlantic Lobos Pc
troleum stock u. A.. B.
Answer-Atlantic Lobos OIL Company
Is said to have earned $4,000 0 net In
1919. 1t shipped 5000. 900 barrels dur
ing the year, thus placing it In the
ranks Of the largest producers In Mex
leo. Tho Atlantic Refining Company is
reror.ed to have increased it's holdings
in ,t4is company, thus giving 1t a ma
jority interest. While no official lig-
ures have been published, it is our be-
lief that it will be seen that the CAPT
talization is conservative, ard although
the business Of producing oil is a more
or less hazardous one, this company
nevertheless appears to be in q fair
way to become one of the great pro-
ducers Of the world.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-04-04

Question: wish to invest about $4,000 IN
some safe way. What do you think of Penn
sylvania IS, 1868. as an investment and not q
speculation Can you name other stocks
or bonds equally safe and as good an invest
ment u. A. S.
MISUNDERSTANDING 6s, 1868, are a
general mortgage on the company's
property. We regard them as a good
investment. Other good bonds at pres
emf are Northern Pacific So, Atchison
adjustment 4s. Chesapeake & Ohio 4h2s,
Chicago, Milwaukee & st. Paul general
As and 412s, Indiana Steel 1st IS and
United States Rubber 1st 5s.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-04-04
Cottonseed Oil

Despite the pronounced strength n tn
grain and provision markets cottonseee
oil was active and weak. closing WIKI NJ
losses OF 10 70 30 points for the Ia
months. while April was % points higher
Sentiment was bearish owing &c weakness
IN the crude position ana on further cofa
plants Of a poor cash s.manf. Total
sales for the day were 1880 barrels.
The range OF lTices iV.ows:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-04-04

dend. or whether 1t is headed downward
J. B.
Answer-The United Railways In
vestment Company Is said to nave
shown better earnings since the pup
LEGATION of its last report for the year
ended June 30, 1919. Its street rail-
properties are doing better. Inc
company owns s21 ,047.143 of the Ss2,-
943, 900 COMMON stock Of the Phllatel-
phia Company. This stock pays % a
share per annum. The last dlv'oehd
paid on United Railways preferred
stock was 2h per cent in scrip. JaAu-
sry 2, 1907. For the year ended June
80, 1919, a balance equal to 3.24 per
cent was earned on this issue. We do
not regard the stock as offering more
than speculative possibilities.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-04-04
Investment Information :

END, or whether 1t is headed
Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1920-02-03
MAY PRESIDE
Mr.. WILSON EXPECTED TO
GREET NEW MEMBERS TODAY
siEnh Commissions OF Houston aud
Mcreuith, VINO Bcpnn Work on
New Duties.
'By Universal Service.

WASH NGTON. Feb. 2.-There is
strong possibility that President VIII
son Will soon preside again over the
meetings OF his Cabinet. and with The
dual inauguration OF David f. Houston
as SECRETARY OF the Treasury and
Edwin T. Meredith as Secretary of
Agriculture today IL appeared lil,cly
that they might be greeted in their
iirst oiiicin. duties bv the President
himself.
a Cabinet meeting is slated for to-
morrow. and at the White House to-
day II was said that the Presidents
recovery was progressing rapid Is.
Early today the President signed the
commissions Of both Secretaries Hous-
ton. who leaves one Cabinet post for
another. and Meredith The two men
were sworn In shortly before noon.
and i!nm cdiatciy went 10 work on their
new duties. Their assumption Of Of
Ace could not be termed ceremonious.
Az only Il few personal friends of each.
and number of departmental head $
were present. when the oaths OF Office
were administered
The President will soon have
another vacancy TO MI in his Cabinet,
rs Secretary OF the Interior Lane has
already announced his intention OF re-
signing as soon as the President is
well enough to attend to the matter.
When Mr. Lane steps out OF oific &c
there vii. be only two members OF
the original Cabinet which sat down
with President Wilson wnen he came
into Office In 1919. They are Secretary
OF the Navy Daniels and postn astcr-
General F3uElescn.