davidaulloa/AmericanStories huggingface dataset:
New-York tribune., 1920-09-05
Steady Tone in Corn;
Septeneber Is Weaker

The fluctuations in corn were equally
small, with the main trend Of the mar
ket fairly steady.
First prices showed slight advances
on the later positions, due to covering
and little commission house demand
influenced by the strength of pro-
visions, but the market eased off from
ings and Indications for warmer
weather, which is desirable in view Of
the lateness of the crop.
Final prices showed q decline Of 1
cent for September and gains Of n 70
1c for later months.
Oats.-This market followed corn closely
and was without other feature until near
the close. when liquidation developed on
quite large scale. and prices sold Off a
Cash markets in New York were all
closed on saturday but cash corn and
Futures closed Sc to 1s.c net lower.
Butter, Cheese and Eggs
Butter--Receipts 5sl2 packages. Cream
extras. 90 score. 67@57hc: frsts. 80 to 81
score. 53@Sshs: hrsts. ss to So score.
lower grades. 45@4sc: Danish casks "a ~Se9' SsS
slhc; extras: so@eoMc: nrsts. SO Sc;
soed to 1ss ts dasy tubs finest
to fair, 4e@5oc: ladies. current make,
frsts. AN @46c; seconds. 41h q @42c: lower
grades. Ao@41c: packing stock. current
make. No: !: 41@4lAc; No. 2, 4oc; lower
Cheese-Receipts. sss boxes. state.
whole milk. fresh fats. colored. lb..
?ec: whites 2sh @2sc; average run, COL
ored or white. 27@2sc: lower grades
@:sc: average run. white OF colored. 2s Is
@27H: lower grades. 3o@2sc: Wisconsin.
tresh twins. :7@27kc: single Daiaies
fresh. 27@2Sc: double Daisies, fresh. 270
csc: Young Americas. fresh. 28M @2SAc:
fresh speeisls, ish ei7he: prime to
lower grades. 6@1oc.
Esse5cRecsipta 1s.o7s cases. Fresh
flrsts, 67@6sc; nrsta 54@6sc: seconds. 20
@s3c; dirties. No. J., 44@4sc; checks. fair
cial marks. fancy. 64@54hc: nrsts SIG
$50: seconds. 4s a soc: State. Pennsylvania
and nearby western. hennery whites. ex-
tra.. 7a@7sc: extra nrsts. 7o072c: nrsts
nrs.s. IS 97se; under grade. 9s4c; Pa:
hrsts. SO @7.c: hrsts. 6%0 SEC; under grades
6S@63c; Petaiuma. small. $40 SIC: other
Western and southern. gathered whites
6b@66a hennery browns. extras. $40
gathered brown and mixed colors. gathered
extras. ee0e3e; drsts to extra arsts. sac
EAos
New-York tribune., 1920-09-05
Loses Confidence in Loew's

Question: own 100 shares Of Loew's
Inc. costing. me in the neghborhood OF
$28. but In the recent slide OF prices going
down to practically $40. I have lost cor
fidence in the investment quality OF this
stock and would appreciate an expression
of your opinion to the advisablity OF
selling It,. and investing In something
more suita ble.-M. l..
Answer-Loew's, Inc, never was any
thing but speculation, so the fact that
you have lost confidence in it's invest
ment quality is not to be wondered at.
We hesitate to advise you about a
switch, because we do not know what
your purposes and desires are. If you
wish to invest we believe we can help
you, but if you incline toward spccula-
tion in some other stock like Loew's,
we cannot, because we Can no more
guess at the future of speculative
stocks than we can at the number of
the next automobile that comes down
the street.
New-York tribune., 1920-09-05
Alcohol Compared to Standard OIL

Question-Will you kindly advise mo as
to how you regard as an Investment u. 8.
Ind dustrial Alcohol preferred? This stock
sis selling ct about 90. twelve points below
STANDARD OH of New Jersey preferred al
though 1t pays the same dividend In
what order as to desirabilty for invest
Sment would you rate the following:
United States Industrial Alcohol pre-
ferred. Standard OH of New Jersey pre-
ferred, United States Rubber ~ bonds
1880? Is the dividend Alcohol pre-
ferred guaranteed by some other corpora
tton-united States Distilers or some
such name?-R. 8.
:. Answer--United States Industrial AL
cohol has shown the equivalent Of
from 11.07 per cent earned on the pre-
ferred stock in 1910 to as high as
1864 per cent in 1917. In 1919 47.25
per cent was earned. The stock is not
entitled to as good rating as Stand
ard Oil Company Of New Jersey pre-
ferred Or United States Rubber bonds
These companies activities are we'll
diversified, which fact should always
be considered in making investments.
However, we regard the United States
Industrial Alcohol preferred stock as a
very fair invcstm ent-at the present
time. The dividend is not guaranteed
by any other corporation.
New-York tribune., 1920-09-05
New Motor Stocks Not Safe

Question-The Daniels Motor Car Com
pany Is Issuing shares Of preferred stock
at $25. par value. with 20 per cent bonus
OF common. Would you consider this a
safe investment II, IT., and what is the future
the preferred Is now paying 8 per cent
l. G. S.
Answer-We do not recommend for
investment the shares of new motor
companies because, first, they are spec
ulative because they are not seasoned,
and second, some of the old companies
are in trouble now, and conditions do
not seem to US favorable for the
launching of new enterprises in this
field.
New-York tribune., 1920-09-05
Frisco Bonds and Stock

Qusstion-Kindly give me your opinion
OF st. Louis-San Francisco bonds due
1898. Do you think tho Same a good buy
and what prtce they are selling fort Do
you think the long term bonds and stock
q good buy7--J. 8.
Answer-In our opinion st. Louis
San Francisco prior lien mortgage s.,
series C, due July 1, 1928, are well Sc
cured and o good investment. They
are traded on the Stock Exchange
around SAN. Series A ~ and series B
30, both duo 1850, are equally secured.
The stock Of the road IL purely specu-
lative at present.
New-York tribune., 1920-09-05
Sapulpa Refining Not an Investment

Question: am thinking of purchasing
fifty shares of Sapulpa Refining Company
stock for a temporary investments and
would like to know the par value of the
stock and whom and what dividend it is
paying.-C T.. X.
Answcr-In 1919 the Sapulpa Rein
ing Company reported net earnings Of
about 8 cents a share on its $3,000,000
capital stock (par So outstanding For
the tirst three months of 1920 earnings
were about $1,000 month, net in June
WAS repGted ss a6 at snd 9 oan and in July
rate of about $2,00O,O0O year Be-
sides increasing its capital stock $1,0OO,-
900 in 1919 the company last April Of
fered $6,000,000 per cent serial equip
ment trust notes maturing semi-an-
nually until October, 1923. Dividends
of 10 per cent are paid quarterly Feb
ruary !, etc. Buying fifty shares Of
the stock will not be an investment, but
a speculation, in our opinion. If you
want to be sure of getting your money
back do not put it into oil stocks.
New-York tribune., 1920-09-05
- Meaning Of Puts and Calls

Question-Is Chicago & Northwestern
preferred good permc nent invetment?
What is the meaning OF puts and calls
In the event of political complications
which you always mention with reference
to foreign securities what would happen
to ones securities? Is The Magazine OF
Wall Street absolutely reliable? Please
have some-(Miss) A. b. r.
Answer-Under the new rates re-
Gently established Chicago & North
western 7 per cent preferred appears
to be entitled to a good investment
rating, in our opinion. Puts and calls
are options or privileges which one may
purchase, to put to or call from the
seller of the option certain number
of shares at given price on any day
within certain period, usually thirty
days. In the case of put, if the stock
sells in open market for less than the
price given in the privilege, the stock
may be bought in and put to the other.
A call is just the opposite If the stock
sells higher, the stock may be called
and sold in the open market. We do
not know what would happen to the
bonds of foreign governments in the
event Of political complications. 1t
would depend upon the extent of the
troubles. Mexico has defaulted on all
her external loans, and Russia has re-
pudiated hers. We do not express opin-
ion upon publications.
New-York tribune., 1920-09-05
Investment Information

Qaessions ef general Sntsrese 60
t~uestors s0iu b answered IN tASs
eol,nsmL IN sohich ecss only sxisials
so'H o. used. Others soilt b an.
ssoered oY ssaSi. Address all n.
91'Tses: enclosing Q stamped, ad-
dressed envelope. to Financial Editor.
xx1sHs!oxne. 1S4 Nsssaw Street, NsA
New-York tribune., 1920-09-05
St. Paul Bond shbuId Improve

Question-~The convertible 80 2o1+ OF
Chicago, Milwaukee e. st. Paul Railroad
have been suggested TO me as a Desirable
purchase. would appreciate an express
stnn Of your valued expert advice. ST. H.
Answer-Chicago, Milwaukee & St.
Paul per cent 2014 are secured,
1 Der cent 1925 and 1884 and the Euro
pesn loan Of 1923 and the 4h
peT esmt ec14, the total issues be-
ing sbeut szo4,ooo, 900, by farst lien on
New-York tribune., 1920-09-05
Loew's Stock Seems Low to Him

Question-Some time ago ! was advised
watching this stock for several months. 1t
Is now quoted rather low, around 21, and
pays per cent per share. I have about
risk? notice they seem to do consid :
cradle business throughout their circuit
OF amusement houses and have an idea
the stock should advance.-C. g.
Answer-Your idea that Loew's stock
should advance is q purely speculative
one mans opinion about such things is
just about as good as the next ones,
therefore we do not attempt to advise
our readers about speculations. Loew's
stock has no par value, and it pays 50
year, not 2 per cent.
New-York tribune., 1920-09-05
Wayne Coal and stanwood Rubber

ouestion-Kindly let me have your orin-
ion of Wayne Coal and Stanwood Rubber
as an Investment as Well as speculative
proposition? Both of these stocks are
listed on the curb.-H. N. K.
Answer-The Wayne Coal Company
was Incorporated in 1917. 1t mines by
the stripping method, that is, by scrap
ing the earth away from the coal beds
where there is less than fifty feet of
earth over them. The company owns
1927 acres of soft coal lands in Ohio.
There is $6,292, 2,1O5 in capital stock (par
So and $3027,80O in first mortgage G
per Gent bonds outstanding. Net earn
ings last May were $101 900 and the
company expected to make 100000 in
June. The stock has not paid dividends
so far and we regard it as speculative,
especially in view Of present coal mar
ket conditions. Stanwood Rubber Com
pany stock is speculative. We have not
seen a statement of earnings lately
The general outlook in the rubber in
dustry is not attractive, in our opinion.
New-York tribune., 1920-09-05
London Money Market

LONDON, Sept. 4.-Bar silver, 6Ohd
per ounce; bar gold 115s 3d. Money,
81 per cent. Discount rates: Short
bills, 6la per cent; three months bills.
6A per cent. Gold premiums at Lisbon
140.
New-York tribune., 1920-09-05
Requires Only Reasonable Security

Question: believe that longtime rail-
road veatn BONDS oTs are the most satisfactory in
vestments at the present time. What do
you think of the safety Of Missouri Pacific
geI,er general /, mortgage 4s Of 1875. now selling
grade Bond some to ago Il Is bot bought hEh s.
Louis & San Francisco prior lien 4s a
performance of which my broker did not
was probably good buy" He raises
the same objections to the Missouri Pacific
and wants to sell mo the new issue of New
ony tee yaar per cents but that has
snoS snodd mot able ,on to make sauay
worth while paying the difference in price
between the Missouri Pacific and such
issues as Atlantic Coast Line Louisville &
or 1883 or Atchson. Topeka & Santa Fr
adjustment As? They are issues which
you frequently state no ono need worry
about. l do not caro- what the market
price Is and whether tho bond rises or
falls; | want only to feel reasonably sure
that the road vii lnot default in cashinE
on your valuable advice. bought n Chi
cago. Milwaukee & st. Paul per cent
pons attached runs only to 1899. Is this
all right, and will new set of coupons
be issued at that date? 1 want to be
the bond.-C A. c.
Answer-In purchasing investment
securities one must be guided largely
by his financial position. Where one
is dependent on his income he should
exercise the greatest care in the class
of securities he purchases. The bust
ness man, who is. of course, not en-
tirely dependent upon his investments,
may consider investments of lower
grade. Most of our inquiries come
from people who emphasize the fact
that they cannot afford to lose In
those instances we recommend only the
sound issues. Missouri Pacific gen
eral per cents are the last lien on
the property, followed only by the pre-
ferred and common stock. The roads
future depends entirely upon the
working of the new railroad legsla-
ton. We believe it will work salts
factorily; that, however, is but our
opinion. If you arc business man
we see no reason why these bonds are
not fair purchase. The yield is near
ly 8 per cent, and if conditions in the
money market change for the better
this bond should rise in price, pro-
vided, Of course, that the railroad sit
uation does not grow worse. One other
ISSUE which is deserving of notice is
the Denver & Rio Grande improvement
S per cent, 1928, secured by second lien
on 1850 miles and followed by two
other liens. At present prices, about
72, the bond yields over 10 per cent to
maturity. The st. Paul general mort
gage bonds carry coul ons to 1889,
after which date others will be pro-
vided.
New-York tribune., 1920-09-05
Wants Information About Reading

YOU can give a me any nforatiom sly nseb about
Reading. Why do VIC not hear OF plans
ancnt tho late decision Of the Supreme
Court: l own nifty shares of common
stock and have owned them for years.
Mrs. NJ NJ. H.
Answer-Things like the impending
Reading dissolution take time. The
Reading Company has large assets out
side of its railway properties and these
are to be segregated. There is little
doubt that shareholders will benefit
substantially, SO we think little more
patience on your part is likely to be
rewarded, especially as you have held
the stock so long.
New-York tribune., 1920-09-05
Armour Notes Attractive

ouestion-Do you consider Armour's 7
investment :-Mrs. A. G. McC
Answcr-The 100000, 900 issue Of Ar
mour & Co. 10 year per cent converti-
BILE notes were put out in July at 94.84
to yield ~ per cent The issue is a.
direct obligation of the company but
is not secured by mortgage. No ad-
ditional lien shall be placed on the
company's assets, which does not equal
ly secure these notes. They are con-
vertible after January 3 next into class
A common stock, par for par. They
are traded on the curb at present.
The class A common stock, which is
new, will follow the $52,35O,OOO Z per
cent preferred stock. There will be
$60.0O0,00D Of the class A which will
have preference over the $l50,000, 900
class rs to dividends up 70 per
cent, after which the two junior issues
share alike. We regard the notes as
a, very fair investment on account Of
the coshpany's largo earning power,
with speculative possibilities in the
conversion privilege.
New-York tribune., 1920-09-05
Silver Market

Bar silver. domestic, 991s; foreign,
"a rs; Mexican dollars, 717s.
New-York tribune., 1920-09-05
Seeks to Read the Future

question: want to know your opinion
OF Penn Seaboard Steel stock. I bought
TINS at SO when the company was organ
lzed. and later bought more at So Do
you think 1t will sell higher than 80 in
the next six months? Also. give me your
opinion OF Hupp Motors speculative
investment With 10 per cent dividend
what should this stock sell for in normal
times: :-B. P.
sAnswer-The Hupp Motor Car Cor
poration earned the equivalent of $5
share for the year ended July / last,
compared with 81 cents a share the
year previous. We believe you should
take into consideration the fact that
conditions in the automobile industry
appear to be changing for the worse.
In normal times an industrial stock
like this, earning it's 10 per cent div-
dend by a reasonable margin, would
sell to yield about per cert. 1t would
sell a good deal higher in a bull mar
ket where the spectators were dis
counting future higher earnings. We
would not advise you to bank on a re-
turn to normal for speculative pur-
poses, because that is too remote
consideration compared with other
more immediate ones. We cannot at
tempt to predict the future selling
price of a speculative stock like Penn
Seaboard Steel.
New-York tribune., 1920-09-05

Exploitation of Flint Mines
Work in the Aint mines Of Eastern
Macedonia is expected to begin within
ths next month. One thousand laborers
already have been signed on for the
work.
New-York tribune., 1920-09-05
Cudahy Packing's Earnings Big

Question-Plcaso give me any informa-
tion yot can about tho Cudahy Packing
Company in regard to tho financial stand
Ing of the company. dividends paid. and II
1t has "A future as to an Investment and
speculation.-( (Miss) H. c. b.
Answer-The Cudahy Packing Com
pany is one Of the largest in the coun-
try, having an annual turnover Of about
s250,000,000. Current assets the year
ended November 1 last were $7O,588, ,736
and total assets $92,447, ,526. Surplus
was $9,620,575. The company is cap
italized as follows: Bonded debt,
$16,713,200; per cent preferred stock,
$2,000,00O;' per cent preferred stock,
$6,550,500; common stock, $17,249,500.
Preferred dividends are being earned
by comfortable margin and we would
regard tho preferred stock as a very
fair investment. Dividends Of per
cent are being paid on the common
stock, which is speculative.
New-York tribune., 1920-09-05
u. S. Rubber Notes Well Secured

Question: would greatly appreciate
your advice as to investment merits OF
United States Rubber 71 per cent notes
OF 1890 at SO or thcrea bouts. I have been
advised by banking acquaintance that
they are we'll secured and have good stand
ing. have several investments in railroad
preferred stocks and junior bonds and
would like to diversity somewhat.-E. NJ. X
Answer-We regard United States
Rubber TX per cent notes as a,good
short term investment. They are we'll
secured and earnings are ample to care
for all interest charges.
New-York tribune., 1920-09-05
Seeks Quick Profits in Oils

Question--Kindly inform me II the
United States Metal Can and Seal Com
pany. OF LOG West Thirteenth Street, Is re-
liable to invest in; also your opinion on
Gushing Oil Harvey Crude and Engineers
Petroleum for quick profits-I. c. A.
Answer-Stock Of the United States
Metal Can and Seal Company is not an
investment, but speculation, in our
opinion, especially the common shares.
We do not advise our readers how to
get quick profits in oil stocks. In 999
cases out Of 1000 such operations turn
out to be quick losses.
New-York tribune., 1920-09-05
CURRENT AFFAIRS

A number of interesting arti-
cles of analysis, news and
comment are contained in
this weeks issue of our Mar
ket Review. Among these are
the following:
New-York tribune., 1920-02-15
HE HUSBAND Of Mary Roberts Rinehnrt has been her
companion and adviser. He is successful physician
teacher of those subjects In the city.
This teacher was Sidney Homer.

teacher of those subjects In the city.
This teacher was Sidney Homer.
"He didn't want to take me at
FIRST" says Nine. Homer. He said
later that he seldom took voice stu
dents into his classes, because they
were usually poorer students in har-
mony than the others, that they did
not take the classes seriously
enough. But he took me-" she
smiled, "and I don't believe he ever
regretted doing so.
almost from the first lesson
took with him he directed my career.
After we we're married, about year
after we met, he planned such train
ing for me as he thought would give
me the greatest scope. Had it not
been for his guidance I should have
made mistakes that would have
Handicapped me always.
"For one thing, it was usual for
New-York tribune., 1920-02-15
CONSTANCE DREXEL avho has hved IN the studio clubs
OF Nea0 York and Paris, and says her experience has
taught her then should be continued

lures, or whatever art work she has
accomplished. Somehow she must
please those Philistines who don't
understand much about art but "they
know what they like"-they are dead
sure about that. Yet it would be
risky to count on one out of a
thousand who would know a great
picture if he were to find it in the
regulation dingy garret with the
smell of poverty lurking around the
place. Or, how often do you think
an impresario would be impressed
by beautiful voice heard in little.
smoky cafe chantant? Not often.
The stage must be set for success!
The Girl Students Club in Paris
New-York tribune., 1920-02-15

gave a fascinating background for
the young artist, combining the ro-
nance Of Bohemia with the soft
lights, charming rooms, cultured at
mosphere. The girl gained in poise
and assurance by feeling around her
the confidence and pride Of her
compatriots.
New York is harder place for
the artistic temperament to thrive
in than Paris. 1t is in such hurry.
It's mad over novelties. Its taste
is uniformed or distorted. 1t chops
off it's ideas in the middle of a
sentence. Bohemia has a sorry
time of it. Down in Greenwich
Village there is an imitation Latin
New-York tribune., 1920-02-15
Making Bohemia Comfortable for Girl Art Students

rose and blue and vermiion and vio-
let, or If you are subtle you can sense
more Elusive and delicate grays In
Paris than anywhere else. Bohemia,
the land Of the magic carpet, has its
capitol in Paris. In some parts of
Paris, that is, you are in Bohemia,
and when you are there you know 1t,
because it warns the very cookies of
your heart, regardless Of race, color,
nationality or previous condition Of
presbyterianism. Even there, with
all the joy, the American girl used
to get blue and homesick and down
on her luck, and she usedeto dream
fervidly Of the United States and the
comforts of home, Of a porcelain
bathtub and plenty Of hot water.
One girl died.
An Oasis i'll Bohemia
Then Mrs. Whitelaw Reid started
the American Girls Club in Paris.
She introduced eight American bath
tubs into the Latin Quarter, and not
yet has the wonder ceased. When
the war came the students left Paris
and the club was turned over to the
French Red Cross, subsequently be-
came hospital for American off,
GERS, and Is now the headquarters Of
the American Red Cross.
The American Girls Club in Paris
was ideal, and when things have
quieted down bit and the high cost
of living comes down enough to make
it safe for the artistic temperament
to abandon stenography and book
keeping, book agent jobs and other
wartime makeshifts, and get back to
the appointed meter of showing up
the beauty spots in this mussy old
world, everybody hopes that the
American Girls Club in Paris will
resume it's place In the Latin Quar-
ter as the center around which the
lives Of American girls revolved, an
oasis in Bohemia.
Art is made in Bohemia, but the
market place is definitely in Philis-
tia! The artist girl may not care a
whoop about the Philistines while
she is in her own studio, enjoying
the fervor of creation, but the time
comes to go out into the windy mar
ket place, where she must look
around for a spot to show off her
wares, her beautiful voice, her pic
New-York tribune., 1920-02-15
ssPick Right Man, 80
Says Mary Roberts
Rinehart
Bv Hannah Mitchell

ITO YOUNG women ambitious
for careers Mary Roberts
n Rinehart once said:
"First pick your husband!"
A mans success is often attrib-
Mod to his wife. Her cooperation
and advice and common sense leaven
h;s abilities and spur his ambitions.
She is often his silent partner. Ger
,a;n it is that she can be a milestone
= she does not see the better part
Of helping.
But what of the married woman
vho achieves success? Is her home
life g help or a handicap? Does
she have the advantage of her I'M
.rried sisters who are married"
q, y to their jobs?
There is always the small towns
nrominent woman whose husband is
more or less of weakling in the
ewes of the community because he
nermits his wife to be a strong
minded woman Usually he is
known as Mrs So-and-So's hus-
band" Unkind persons even refer
10 him as "Mr. Alice Smith," if that
he the lady 5 name.