davidaulloa/AmericanStories huggingface dataset:
New-York tribune., 1920-01-04
Would Invest $1,000 Safely

Question: shall soon have s11 900 to IN
vest. Safety to principal must be the
first consideration. and if a return of or
6 per cent be assured it would be very
satisfactory. What is your opinion of
Standard Oil of New Jersey preferred. Amer
lean Car & Foundry preferred, U. S. Steel
preferred, Victory loan bonds ?-J. r. c.
Answer-Generally speaking, the
higher the interest rate received on an
investment the greater need of. keeping
in touch with operations of the COM
panies issuing the securities you hold.
The best security you can purchase is
Liberty or Victory bonds. They re-
quire the least watching. Then would
come such securities as first mortgage
bonds of we'll established corporations
whose dividend records had been good
over period of years. If you are
satisfied, as you say, with to per
cent, why not purchase U. S. govern
ment bonds, or first mortgage bonds,
like Central Leather S per cent, In
diana Steel per cent, New York Dock
4 per cent, Atchison general a per cent
and Chesapeake & Ohio consolidated s
per cent bonds. All the preferred
stocks you mention are at present we'll
secured, and we believe them to offer
good investment opportunities. But
you must make up your mind to keep
yourself we'll informed at all times
about conditions bearing on such in
vestments. If you are willing to do
this perhaps few shares Of these
stocks would be suitable.
New-York tribune., 1920-01-04
High Yield Not Recommendation

Question--Will you kindly let me have the
names of two or three railroad bonds yield
ing about 10 per cent that YOU would rec
ommend for purchase7 Also, tell me your
opinion Of this investment.-G. M.
Answer-The following bonds yield
10 per cent or more at present prices,
but We do not recommend such issues
for investment. They are not high
grade bonds. If the railroads are given
constructive legislation and labor
troubles do not become too much Of a
factor. these issues may offer specu-
lative investment opportunities: Balti-
more & Ohio convertible 41as per cent,
1888; Minneapolis G. St. Louis 1st 4
per cent. 1919; St. Louis E. San Fran
cisco adjustment per cent, 1855;
Seaboard Air Line adjustment per
cent. 1949.
New-York tribune., 1920-01-04
Would Profit by Exchange

Question: have $500 to invest. Would
you advise the purchase of foreign govern
ent bends oa such as
yield S.75 per cent, or United Kingdom OF
Great Britain and ireland, 51a per cent, due
1922, 9S. to yield 6.25? / have 81 600 in
vested in Liberty bonds and now wish to
take advantage of the present low rate of
foreign exchange-J. H. b.
Answer--If you are desirous of tax
ing advantage of the foreign exchange
situation you would do better to buy
some Of the internal loans of the vari-
Gus nations, such as the British, French
or Canadian Victory loans. You gain
nothing from the exchange situation by
buying the bonds you mention.
New-York tribune., 1920-01-04
sympathetic Declinc. or What?

Question: have 100 shares each Of Caddo
Central OH and Jewell Tea certificates,
Now they are selling around $50 and SIS.
Would you please advise me whether 1t is
wise to take loss or buy some more to even
up the book loss7 What is wrong with
these companies, AZ their stocks go down
this much? Is this sympathetic decline. or
what?- I. X.
Answer-Most stocks, whether good,
bad or Indifferent, usually follow the
general trend Of tho market. Oil stocks
arc so very speculative that they are
likely to do anything. jewell Tea per-
haps has been somewhat weaker than
many other stocks because the company
considerable money on its coffee busi-
ness, which constituted about 65 per
cent Of the total. You probably havc
found the real reason, sympathetic
decline.
New-York tribune., 1920-01-04
C.-R.L. &P. 6 Per Cent Preferred

Question-Will you kindly give me b
formation as to the future possibilities d
6 per cent preferred stock of the Chcsr
Rock Island & Pacific Railway? note he
are paying no dividends on their corns;
stock and would like to know as 70 the
financial condition and earnings. Are div
dends on the per cent preferred paid b.
fore dividends of the per cent prefers
Of the same road? Is It an accumulstnI
stock, and what is your general opinq
of it Pr. T. S.
Answer-Much depends upon ~
legislation to be enacted by the Cor
gress for the benefit of the railroad
We believe that if the Legislation
constructive and an increase in freigt'
rates is granted that the outlook y
promising. Rock Island, like so msnI
other roads, is doing badly at pressr.
but the dividends on both preferrst
issues were recently declared, psyaM
out OF the amount guaranteed by tn
government. The 7 per cent prefena
stock has preference over the E'
cent preferred as to dividends to IL
extent of 1 per cent in any fiscal yer
after the payment of which both stoch
rank pari passu as to further din
dends. On both preferred issues din
dends are cumulative up to per cs''
per annum from July 1, 1917. The pr
ferred stocks both showed fair ma
gins oyer dividends before governmsr
operation, and we believe that If tn
railroads are given square deal ~
dividends should be maintained.
New-York tribune., 1920-01-04
Safety His First Thought

Question: wish to make long-term in.
vestment Of between $1,000 and $4,000,
safety of first Importance. Would you ad-
wise Pennsylvania 5s of 1868? Please name
several stocks hhd bonds you regard as q
good investment.-M. X. N.
Answcr-Pennsylvan Railroad per
cents of 1868 are secured by general
mortgage on the property, and at pres
ent prices return about 51s per cent.
The bonds are entitled to good rat
ing. Other good bonds are Chesapeake
& Ohio consolidated per cents, 1899:
Atchison adjustment 4 per cents, 1895;
New York Dock Company first a per
cents, 1851. Good preferred stocks
yielding between 61a and per cent are
United States Steel preferred, United
States Rubber preferred, Central
Leather preferred, Republic Steel pre-
ferred and American Car and Foundry
preferred.
New-York tribune., 1920-01-04
General Motors, Growth RAPID


Question--Kindly give me what informa-
ton you have at hand regarding General
Motors. Do you consider it reliable con-
cern? Would you advise exchanging the old
debenture stock for the new at the higher
rate of ipterest7 Would you advise buying
any Of the new common stock when issued
w. B. w.
Answer-General Motors is consid-
cred reliable corporation. It's growth
has been rapid. to be sure. but that is
because the automobile industry has
grown to such enormous proportions in
a comparatively short time. General
Motors turns out cars and trucks of
various grades, and numbers among its
product some Of the best known cars
in America. It Is large Garner. and
while the common stock Of the cor
poration is speculative, holders Of 1t
have beeen rewarded from time to time
with valuable righrs. We cannot ad-
wise whether or not speculative issues
are wise purchases. We see no reason
why the exchange Of old for new de-
benture stock should not be made.
New-York tribune., 1920-01-04
Public Service Bonds Tnv

Question-Will you kindly give mo your
opinion Of the value of Public Service Cor
poration Of N. j. s per cent bonds as an
investment at the present market price. ~nd
also state what effect the contemplated physi-
cal valuation OF the property would have
on the outstanding bonds should the inven-
j. A. H.
Answer-Public Service Corporation
5 per cent bonds are selling at price
which would appear to have greatly
discounted the troubles which the com
pany has encountered regarding rates
of fares. The zone system did not work
out we'll for the company, and return
to the seven-cent fare, with an ad-
tlonal charge Of one cent for transfer.
which arrangement is again in force
Will probably bring better results. Gas
rates have been increased from 81 cents
to $1.15 thousand feet. However. If
the valuation of the property shows an
oeyerccapitalization there would posi-
bly, be feeling of more or less ap-
prehension on the part Of many holders
OF the bonds. But you must remem-
per, too, that the bonds now sell at ap-
proxlmately 30 per cent of their parity.
New-York tribune., 1920-01-04
Beginner Picks Lame Duck

y. Question! am a young man and don't
Know anything about the stock market
YOU'D IKE to know whether Brooklyn Rapid
transit Is good stock to buv outrioht No
an 'nvestment.-F. M.
Answer-The Investment Of fund.
consists OF placing ones money In such
a way that an income may be derived
tnerefrom. The purchase Of non-;n-
teresr bearing securities Ia not invest-
ment. 1t may eventually prove To he
such. but until that stage ia rao"hod ID
the security must remain IN Tia "omcu' snacn'
lattve class. There is q mistaken piie Ida
held by many people regarding snecuH f~r"
iation. II one purchases secnr;t;a.
outright 1t Is not speculation. thev
say. no matter whether or not tha 10y 60,
cfurities are interest bearing. W. ho be-
lieve that the purchase Of anv soo',r;t'. w. Ie-
Tor other than income purposes A';s y
speculation. It makes no dIfYeror.,sa 80
whether you pay for your securitv e"So n,'t
right or buy 1t on a two-point ~ w.; wI.- -
The only difference is that YOU iearns ~. ~
become more patient IL you buv n,,+' ~
right, and frequently are sparcd Uus- "n-
pleasant thrills. Tho only reason I, Snr
buying Brooklyn Rapid Transit stocL az
is q speculative ono. 1t is 40 low ~ :
IL appears to have discounted n rnoa
deal OF tho company's troubles nd and
eventually may do better. But vomr
money would not bc invested because
you would be getting no return on il.
New-York tribune., 1920-01-04
Playinr Mark tn Come Back

Question--A friend Of mine has purchased
10000 German marks at 81 cents each, with
the idea Of holding them. he expects that
in time they will be selling at their pre-war
value Of "a cents. What is your opinion and
what would you advise ?-R. H. B.
Answe-In purchasing marks for a
rise in price ono is simply speculating
upon Germany's chances to "come
back" A few Of the reasons why it
will be very difficult for Germany to
.scome back" quickly are the following:
Enormous indemnities to pay over a
long period; balances of trade over
whelmingly against her; no foreign
credits, and no means to render serv-
ices, such as shipping, etc. Many peo-
pie think that, even with these odds
against it, the mark will soon return
to the pre-war price. While the price
may improve it seems doubtful that
the mark will again sell at "a cents for
many years to come. Meanwhile there
is at least possibility of reputation.
New-York tribune., 1920-01-04
Investment Information
In this department Tho Tribune soiu

In this department The Tribune a0iU
throsc the light of such imfoymatio
as is at its command on the invest-
nsent problems Of ats readers. Tho
utmost care is>used In the compilo-
tion and presentation of such sn-
formation, and 100 beliere 1t to be de-
pemdable. But we a0ish especially 10
emphasize to our readers the fact
that new developments Of such i'm
portdnce as to greatly change the
status OF security arc constantly
taking place. Therefore, as q matter
of self protection, the investor should
make 1t a point to keep in close touch
aoith the affairs Of the companies
whose securities he has purchased
and suith general Developments bear
ing upon the value of such securities.
Constant uatchfulness is the best
snfeguard the investor can possibly
haze.
Questions Of general interest to
Investors soill b answered in this
colMnsn, IN sohick case only initials
ail! be used. Others aoill be an
sDered by mail. Address all en-
qudries, inclosing stamped, ad-
dressed envelope to Financial Editor.
Ihe Tribune, 154 Nassau Street, New
York City.
New-York tribune., 1920-01-04
Outlook for Railroad Securities

Question-Do you expect railroad stocks
to advance after the railroad bill is passed
by Congress If you expect same to ad-
vance please name few Of the best rail-
roads whose stock is the best to buy for
speculation.-S. D. S.
Answer-We believe that if the best
features of the Cummins and Esch
bills are embodied in a new bill and
this bill passed the railroad stocks
should show some strength. There are
a few railroads in the country to-day
which are able to bear up under the
strain Of increased wages without a
substantial increase in rates. Some Of
these roads are Union Pacific, Southern
Pacific, Pere Marquette, Cleveland, Gin
cinnati, Chicago & St. Louis, New
York, Chicago & St. Louis and Chesa-
peake & Ohio. But that does not mean
that the stocks Of these are the best
purchases. The government has oper-
ated the carriers in its own way Di-
version Of traffic has been such large
factor that it is difficult to analyze
the present situation from an invest
ment viewpoint. 1t would seem that
some of the junior lien bonds offer op-
portunities. They are selling at figures
so low that one must look back at panic
years like 1893 and 1907 to find their
equal.
New-York tribune., 1920-01-04
For Safety and Sure Income

Question--Will you kindly give your opin-
ion Of Delaware & Hudson m an invest
mcnt7 Is the present . favorable time in
income to he permanent. Also American
Telephone and Telegraph. These two seem
to be paying good dividends. Are they
likely to continue. would you advise q
woman to put a small amount Of capital in
Isiberty Victory bonds. and not in better
paying securities. as have but little to in
vest? need to get all the income It is safe
to look for.-J. G. L.
Answer-We would not advise you to
buy either Delaware & Hudson or
dends are by no means permanent.
Sick to the Liberty or Victory Loan
bonds and you won't have much cause
for worry; the income will be salts
factory and you will receive il regu-
larly as long MS you keep possession OF
the bonds.
New-York tribune., 1920-01-04
Denver & Rio Grande Preferred

Question: own some shares OF Denver &
Rio Grande preferred stock for which l paid
171a... Do you consider it wise to hold them
or sell them in view of the present situation
of the railroads ID. e. B.
Answer-In holding Denver & Rio
Grande preferred stock you are simply
specializing upon what the government
intends doing with the railroads. DEN
yer g. Rio Grande has judgment of
some 30,000,000 against it which there
seems little chance of it paying. About
the only hope seems to be that a com
promise may be effected.
New-York tribune., 1920-01-04
Cities Service Prefcrr.1

Question-Win you kindly exp,a,n -.
about 40, while the common stocl l;s'S = y =
400? Should the preferred stock b. so..u We
cred in the investment class TT. n n's-
Answer-Citiea Service preferr.a 1.
limited as to dividends to 6 per s..a
while the common received larrs rss
ments both in cash and in stock ~
time to time. The company has shewas
large earning power for several vs.s.
The preferred is. entitled, in our or;s ns'
ion, to good rating as an investmsrrs r,s'
New-York tribune., 1920-01-04
Likes Cuba Cane Sugar

Question: have twenty-five shsra 1
Cuba Cane Sugar common stock now sellhl
around 81. and am thinking of buying mon
Can you give me any information az To d
backing of the stock and do you think Il
fair investment?-C. w. S.
Answer-Cuba Cane Sugar commw
stock, while a speculative issue, ~
pears to have good prospects on o.
count Of the prosperity in the sugr
trade. We do not attempt to advs
regarding speculation. The compauFs
earnings are said to be good and ;is
management efficient.
New-York tribune., 1920-01-04
CRANKY Consolidated Mining

Question-Can you give me any informa-
purchased some Of the stock, paying s1.25.
It Is now below or about SO cents. Should
| buy more or sell, taking the loss p
Answer-Granby Consolidated Min
Ing Company showed deficit for the
year 1919 (ended June 30) Of $1,532,-
376. The dividend was passed in con-
sequence. All copper properties have
suffered recently, but the outlook ap-
seemingly has been we'll discounted.
New-York tribune., 1920-01-04
Invincible Oil

Question-About seven weeks ago bcuf!
100 shares Of Invincible Oil Company fsi
at 491a. At that time, according to !
Boston financial paper, a number Of We,
were brought in having a daily floEs q
over $1,000 barrels. all situated IN Cn
borne Parish. La. but owing 70 the -
Of facilities for bringing this oil TO the M
ket, the wells were capped. Of the fcv
miles of pipe line required. sixteen rls
had already been completed. Can you =
wise me how near to completion the ps.
lines are at the present time and how cs'
the board of directors compare VIII dife
tors of well established efficient oil sS
panies.-A. B.
Answer-We are informed that "
Invincible Oil Company's pipe l'ie
are expected to be completed BY JAZZ:
ary Is. This will. it is said, add grssg
TO the company's delivery of oil. ~
directors include the following: ~
Backe, S. NJ. Shatskin. Sol. Wexles ~
Craig Colgate.
New-York tribune., 1920-01-04
A Diversified Investment

Question: wish to invest $4,000 thAs
will certainly and safely pay per cent and
better I am not stock market reader, not
speculator. Would you say railroad
bonds?- I'd. r.
Answer-There are many securities
which offer attractive yields at present
prices. For the investment Of $4,000
1t would be advisable to diversity your
choice. A good list is as follows:
$4,000 par Of New York Central first
3As, 1880; $4,000 Chesapeake & Ohio
first IS, 1889, $1,980; $4,000 par Of New
York Dock first 4s, $1,320; $4,000 par
of Wilson & Co. first IS, $1,940; $4,000
par Of Atchison adjustment first As,
$1,390; ten shares United States Steel
preferred, $1,13o; ten shares United
States Rubber preferred, $1,000; ten
shares American Car and Foundry pre-
ferred, $1,140; ten shares American
Woolen preferred. $1,040; twenty shares
Reading first preferred, $3.50; ten shares
Union Pacific preferred, $500; total,
$14,860. The interest would be $500
per annum and the yield per cent.
New-York tribune., 1920-01-04
Midvale Steel

Question-Will you kindly give mo some
information on Midvale Steel. as am think
ing of buying some of its shares, and obligs?
II. J..
Answer-While Midvale Steel has
shown smaller earnings in 1919 than
IN IN 1913, Sas it is said u. that the outlook is
Large expenditures are planned for i'm
provement and extensions. For the
nine months ended September 30, 1919,
the earnings on the 100000 900 capital
equaled $3.37 share, or at the an
nual rate Of $40 share, against
$1461 share for the year 1918.
Every evening, Wilmington daily commercial., 1920-04-14
WILD MAN IDENTIFIED.

special Correspondence 81 Every Evening
Seaford, April 1i.-Nagistrate James
h Phillips Of this town IS IN receipt oi q
'ctter from Mrs. James y. Hamilton. Of
Wildwood. y. j.. concerning the wild
man. who was captured here by the
Magistrate and Constable II. j. Dawson.
and taken TO Georgetown Jail rs va
grant The reciuse gave his name tirst as
James Corner and afterwards As THONGS
stanton. He said he was from Western
Pennsylvania For two years or more he
hsd been living in woods near Seatord.
sleeping in the open. Sheriff Johnson has
released the prisoner, claiming the man
made such awful noises while he slept that
No one in the jail could get any rest.
Ills snoring reminded ono Of the roaring
~ wolf
Mrs. Hamilton thinks the recluse Is
her son and the description she gave Mag
lstrate Phillips tsllies with him very much
She saws he left their home. then in Ocean
city. y. j.. seven years ago, and that shp
had not heard from him since. She says
The family originally came from Pitts
burg. pa. Mrs. Hamilton said her sou
was at one time prominent contractor
end builder at Ocean City, was well
educated and a gentleman Of refinement
tut that az times he became melancholy
and wandered away. She said his right
name was James III. Hamilton and that
when he left home seven years ago he
was * ,rars OF age. This age corresponds
with the age Of the man taken IN custody
here - do all the other descriptions Mrs.
Hamilton gave. She has been notified TO
this affect.
Every evening, Wilmington daily commercial., 1920-04-14
CHEsTTRTOwN AND VICINITY.

Special Correspondence Of Every Evening
Chestertown, Md. April 1.-THE
effects Of the railroad strike are heing
seriously felt here ia the shipment OF
freight and express. and the parcels post
business both bv motor truck and by
tram. il on the boom. An extra truck wns
put on tho Wilmington Easton route
Yesterday morning. TO handle the large
quantity of eggs, poultry and farm pro-
duce now being shipped
William + Ninlin haH been given the
and family on lot recently purchased
hv Mr.. Sachs ou Queen street, Chester
town. and he viii begin worl. IN a few
days. The home IS to eost S5.0p0
Several farmers Of tins county have
consented to grow for purposes OF ex-
rerimcutation a quantity Of new seed
which the United States government IL
sending ont through the Congressman.
II is new grass seed. and Is said 20 he
very beneficial rs a feed tor stock, and
also rs soil improvor
Colonel Albert W Stsk of Caroline
county. who had announced his candi-
dacv for the Democratic nomination for
Congress in this district several months
ago, has withdrawn from the contest.
leaving the field TO T. Alan Goldsborough
of the same county and W. II. Robertson
of Wicomico. There are two candidates
for the Republican nomination. 4. Stcnglc
Marine and William ~ Andrews the IN
cumhent. both OF Dorchester county.
Every evening, Wilmington daily commercial., 1920-04-14

Past Master Workmen, Leslie Walls;
Foreman, Vance Mitchell; Overscer, Rob-
crt Harrington: Inside Watchnan, John
y. Montgomery; Outside Watchmnn,
Earl Bacon. Guide Alexander Il. Gotidiss.
The Grand Master Workman and big
staff from Delaware will be present. All
members are requested to intend. At
the close Of the work. refreshments will
be served
The regular meeting Of the Boy Scouts
Of Delaware was held last evening, Scout
Master Edward II. Nayor Jr., in charge.
City Council ns q body and a committee
of the New Castle Commons will meet
this evening in special session, and viii
take up the question of the water situation
of this city.
The first shipment Of shad was mndc
yesterday TO New York The catch has
been verv poor, owing To the cool eondi-
tion of the water. .sand IN order that the
fishermen will have n successful season,
the catches must eonie ON very soon, as
the season terminates about the latter
part Of May.
The Home Economies Girls Of the New
Castle High School, will give ON Wednes-
day, April II, "A candy sale, consisting Of
pulled rice, The girls have so far solicited
u largo number of orders.
For Sale--Two. .3-story brick houses, on
Delaware street between the Strand and
Second. Apply Andrew Nj Gallagher.
l12 Delaware street ADV.
If you ore thinking about fruit and
ornamental trees. shrnbbory, etc, call
W e. Crnnaton, phone iB R-il.-Adv.
Every evening, Wilmington daily commercial., 1920-04-14

Miss Sarina Coale, who is taking the
study Of nursing at Cooper Hospital,
Camden, n j., is spending few days
here with her parents, Mr.. and Mrs.
Edward Coale.
\ meeting of the Women's Christian
Temperance Union was held Monday
night IN the soldiers recreation rooms, on
Clinton street, the president, Mrs A. r.
Pennington, presiding. A special program
of music and recitations was given under
the direction Of Mrs John Scbunder and
Mrs. Harry Webb.
John W. Dalrymple and family left on
Saturday for Harrisburg, Pa, where they
will make their home. Mr.. Dalrymple
was secretary of the Y M. q. A. at Fort
du Pont during the war
Mr.. and Mrs. Henesy have returned
here after making their home in Baltimore
for the past three years. They will occupy
the house owned by them on Clinton
street. CAPTAIN and Mrs. Davenport, who
have been occupying that house, will
move into the house vacated by John
Dalrymple and family.
4 large crowd gathered last night in
Firemens Hall to hear Mrs Florence
Bayard Hilles and Miss Pierce of Cali
fornia. of the National Womens Party,
speak on the suffrage question.