davidaulloa/AmericanStories huggingface dataset:
The Barre daily times. (Barre, Vt.) 1897-1959, 1920-08-13
POSLAM REAL
treat FOR SKIN
THAT |TCHES

Only those who have itched and
scratched and still itched continually can
appreciate what II means when the ng-
gravation is ended by the soothing. pene..
trating, antiseptic influence Of Poslam. And
what relief TO be rid Of any eruptiona
blernish which has entailed prolonged EN-
barrassment Turn to Poslam first for the
quick healing help which ailing skin must
have You do not have to wait in uncer-
tainty for indications of Improvement. II
soon SHOWS.
Sold everywhere. For free sample writs
to Emergency Laboratories, 243 West 47th
St, New York City
Urge your skin to become clearer, health
Ter by the daily use of Poslam Soap, medi.
Gated with Poelam.--Adv.
The Barre daily times. (Barre, Vt.) 1897-1959, 1920-08-13
DETECTIVES sKEPTIcAL
And Their Unbelief Led to Discovery
of 100 Gallons Of Whisky.

New York, Aug 1.-Two detectives
who saw a curtained automobile rush.
ing along the street in Harlem early
to-day jumped on sthe running board
with drawn revolvers and asked;
-whats in these gasoline csns?"
Gasoline" chorused the two occu-
pants of the car.
Skepticism on the part of the detec-
tives, however, led 10 the discovery
and seizure of 100 gallons of whiskey
and the arrest of the driver and bis
companion.
The Barre daily times. (Barre, Vt.) 1897-1959, 1920-08-13

Yesterdays American League Games
At Cleveland, New York 5, -Cleve-
land /.
At Chicago. Chicago Z, Washington
2.
At Detroit. Philadelphia 3. Detroit l..
tOther teams not scheduled.
The Barre daily times. (Barre, Vt.) 1897-1959, 1920-08-13
Yesterdays National League Games.

At New York, Pittsburg 2, New
York o.
At Brooklyn, Chicago s, Brooklyn 4.
At Philadelphia, Philadelphia 5, st.
Louis l.
At Boston, Cincinnati 6, Boston 5
III innings.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-07-11
Bought Sinclair at 81

Question: purchased twenty shares of
Sinclair OIL last November at 81, and can
not understand why 1t has dropped so
low. Am enclosing a clipping concerning
the dividend payable July is. How much
shall receive on twenty shares at per
cent? I also hold forty shares of 1nspi-
ration Copper, purchased several years
6 and now 4. i know,it is good stock.
I have 100 shares Of Ray Consolidated
and five shares of Kennecott at S.
j. w. N.
Answer-You will receive stock
dividend of four-tenths Of share of
Sinclair Oil. You may sell this frac-
tional share or buy -tenths of a
share to even up. There are few
stocks which are as speculative as
copper shares. All your stocks have
merit, but they fuctuate widely over a
period of time in accordance with their
earning power. When earnings are
good you receive very substantial divi-
dends; you should not, therefore, have
cause for complaint when business is
such that dividends are reduced or
passed completely. We certainly do
not advise the purchase of such stocks
for permanent investment.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-07-11
A New Sugar Plantation

Suestlon-A certain salesman has been
~ - TO interest me in new corporation
re wants Inc to purchase shares of this
s STOCK now selling for $40. and states as
viii be as sane me gets on the market there
states that they will sell sugar 70 All al
ssnareholders 20 per cent below the mar
Ket value, and guarantees to give ten
pounds Of sugar for every dollar invested
at the 20 per cent deduction. AS am in
ia Inc Q, confectionery line the present sugar
proposition Therefore. will you plea 90
f5 oye me Yo your best information? once be-
poor corporation.-E. F.
Answer-The United States Cane su-
gar Corporation was incorporated last
september. The capitalization is S10.-
o,ooo, all common, par $40, of which
Sa'ooo,o0O is to be offered for sale.
$o,000,O0O to be held in escrow for
treasury purposes and $1,000, 900 goes
1or underwriting. The company holds
10000 acres of sugar land near Miami
Fla, on which it is intended to build
mill about eighteen months from now
Pending, the production Of sugar of it's
own, the company will attempt to act
as purchasing agent for its stock
holders who use quantities of SUGAR
buying the raw in Cuba and having it
refined here. The company expects to
make proHt on this operation, besides
giving shareholders a saving. If
the bottom dropped out of the
sugar market at a time when the
corporation had contracted for large
quantities shareholders would have fo
stand the loss. If prices went up. thew
would win Of course, your business
compels you to speculate in sugar anv-
now. 1t would cost about $1,000 600
TO build the proposed mill at present
prices. There is no way to tell whether
the corporation could operate at
proht when sugar prices come down, as
they inevitably will, in competition
with well-established producers now in
the field. The company frankly stated
to The Tribune that the stock was not
being sold as an investment. It is
making speculative appeal, especially
TO men like yourself, whose business is
dependent on the sugar market.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-07-11
She Seeks to Read the Future

Question-What is the rate of interest
on United States Rubber first preferred
STOCK! Is the stock better investment
anah the bonds? What do you think Of
Telegraph Gable. which is guaranteed by
the Western Union? Is that sold on the
New York Stock Exchanged? Do you know
OF any Investments which would net 7 per
cent which you consider safer? Having
some money to invest the first day Of
July. would you advise placing It at once
or waiting? Would the stock and bonds
go still lower, or do you think they have
reached the bottom price Miss l. M
Answer-United States Rubber first
preferred stock pays 8 per cent, or So
a share per annum. 1t is non-cumula-
tive. The bonds of the company are
safer, for they are lien on the prom
erty. However, we regard the nre-
ierred stock as safe at present Amer
,can Telegraph and Gable Company is
leased to the Western Union until i932
at rental equal to per cent on the
stock, We do not recommend it for
investment, because there is no assur
ance that tho lease will be renewed II
is listed on the New York Stock Eye
change. and sells for about SAT a share
The following preferred issues. all sea.
soned, yield about 7 per cent: Baldwin
Locomotive, American Locomotive
Pressed Steel Car, Virginia Carolina
Chemical, National Lead, Standard on
OF New Jersey. We cannot attemnt r.
predict the course of prices.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-07-11
United Drug RIGHTS

Ouestion-Will you kindly advise IL Won
consider United Drug Company securities
take over chain of drug stores in Great
Britain and are doing some financing with
INA sna9 END in view. and are asking stock
holders to exchange their United Drug Sc
curities for Liggett International Ltd.' Inc.
They have always paid dividends in the
past.--V w. p.
Answer-The United Drug Company
has been very successful organiza-
ton. Its earnings are large, and the
preferred stocks are entitled to very
good ratings. The common stock is
somewhat speculative, as it is more
sensitive to the earning power of the
company, but it is entitled to very
falr business mans investment rating,
The first preferred stockholders of the
United Drug Company are given the
right to subscribe to 80 per cent Of
their holdings in preferred stock of
Liggett's International, the company to
be formed after taking over the hold
ings Of the United Drug Company Of
Boston, and which operates in Great
Britain. The United Drug first pre-
ferred stockholders may, if they make
this subscription, exchange their stock
for an equal amount of preferred stock
of Liggett's International. The new
stock will pay 8 per cent, as against z
per cent on the United Drug frst pre-
ferred stock. Holders of common and
preferred stocks of the United Drug
Company will receive the right to sub
scribe for one share of class "A" COM
mon stock Of Liggett's International
for each six shares held; also the right
to subscribe for any part of the pre-
ferred stock Of Liggett's international
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-07-11
How to Find Book Value

Question-Can you give the formula used
to determine. from the figures given in a
balance sheet what stock is worth per
share? What is your opinion of the spec
ulative possibilities Of California Packing
Corporation Superior Oil Company, United
Retail Stores Pm. v. K.
Answer-Current liabilities subtrac-
ted from current assets give the net
working capital. Add net working
capital to total assets. Deduct from
this total the funded debt, par value
OF preferred stock and accumulated
dividends on preferred stock, if any,
and any intangible assets such as good
will, patents, trade marks, etc. Divide
the remainder by the number of COM
mon shares and the quotient is the
book value per share. You are likely
to find water in the plant valuation on
the asset side. You can pump some of
it out in your imagination by COM
pairing the plant investment per unit
OF production of the company you are
dlssecting with that of some other old
and we'll managed concern. Make the
former conform to the latter. The
stocks you mention all appear to have
merit. They seem likely to move with
the general market.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-07-11
Chooses Good Preferred Issues

Question-For an investment of about
$4,000 do you consider the following pre-
for woman: Ten United States Steel 7
per cent. at 1o4%; ten Standard Oil of
New Jersey per cent. at 10l; ten United
American Tobacco Company per cent at
s61s ten National Biscuit Company per
cent, at 1o7h? What is your opinion as
TO the possibilities of an advance in these
quotations Wv. H. f.
Answer-All the preferred issues YOU
mention are high grade and seasoned.
We believe you will make no mistake
by purchasing them. Not until the
money and credit situation is relieved
do we anticipate any rise in invest
ment issues. If you purchase for in
vestment do not think too much about
the fluctuations of the securities.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-07-11
Chooses Three Preferred Issues

Que stfon--Will YOU please give me your
opinlon on city Service preferred as an
investment and how would you rate It "a
corn pared to Empire Gas and Fuel Com
Pany preferred and Liggett's International
Lid Inc, prefcrred?- B b.
Answer-The Cities Service Company
shares have very good earning power,
sulnclent to pay preferred dividends
many times. The same is true of the
Empire Gas and Fuel Company. The
latter is the largest oil producing sub
sldlary of the Cities Service. In our
opinion consideration should be given
to the fact that these companies derive
large part of their income from the
production of oil. The Liggett's Inter
national, Ltd, shows good earning power
at the start OF its business, the nature
of which is not so uncertain as that
OF the former companies. We regard
1T as the best investment of the three
preferred stocks.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-07-11
Kosciuszko Oil and Gas COMPANY

Question-Can you give me any infor-
nation regarding the stock OF the Kos
ciuszko Oil and Gas Company (15 Park
Row IL. L.
Answer-In April last the Kosci-
uszko Oil and Gas Company increased
par, to 100000 common shares, no par,
which it is selling at 500 share. The
company has producing oil and gas
wells in Ohio and Pennsylvania and is
about to acquire control Of the Penn
sylvania- Kentucky Oil, Gasoline and
Refining Company. 1t is drilling new
wells. The company is being financed
and managed by Poles and is selling
it's stock among Poles. We regard the
stock as q speculation only, not as an
investment,
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-07-11
Cannot Afford to Inse

:, ~, S1uestioh-Tor a man Of limited means.
10 assume a reasonable risk, would you
ADVISE the purchase Of French government
myself to Liberty bonds at lower Weld ?
T. would Hike to know something about
THESE foreign issues.-H. w Jr
Answer-1f you cannot, as you say,
afford to lose, you should assume no
risk Whatever. The most attractive Sc
curities offered to-day are Liberty
and Victory bonds. If they are not
safe, nothing in this country is safe.
we advise you taking advantage of the
low prices. Some day we think you
wlll De well rewarded. Foreign issues
have certain element of speculation
because of possible political compli-
cations, though we have faith in the
ability of France to come back.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-07-11
Curb Prices Hold
Firm as Trading
Activity Declines
Prominent Industrials Act
Well in Brief Session
and Independent Oils
Continue at the Highest

While activity receded slightly in
the brief session of the curb market
yesterday prices ruled firm for the
of the industrials showed slight net
advances. Profit taking, which began
to make its appearance Friday as re-
suit of the recent rise, was continued
to some extent, but offerings Of severaI
prominent specialties which had en-
joyed popularity during the week were
quickly absorbed, sending prices
higher.
Chicago Nipple moved in a narrow
range and was fairly active, touching
IL before selling orders carried it
throughout the day at the price of 241z
hung up on Fridays last sale. Her
cules Paper bounded higher on a turn
over Of 5000 shares and crossed %,
but profit-taking sales caused a reac-
ton of nearly point. North Amer-
can Pulp and Paper continued in good
demand.
The petroleum group was not so ac-
tive as on previous days, and few
changes of Importance were recorded.
Except for Maracaibo Oil and one or
the cheaper issues. Maracaibo closed
strong at 28A on strong buying.
Sicily Oil was under pressure and re-
acted slightly. Mexican Panuco recov-
cred some of it's recent loss and Salt
Creek was firm at "a. White Oil con-
tinued to sell around 10, but Carib
Syndicate was weaker. International
Petroleum was steady at IS.
Stocks enjoyed the first protracted
period of rising values in some time
last week. Several of the Independent
oils and not few of the specialties
gave indications of steady climbs on
good demand. Fensland Oil and Chi
cago Nipple were among those which
attracted most attention, as the buying
seemed unhampered by profit taking
sales in these.
The former moved up steadily from
the low price recorded during the
weeks of dullnes and crossed 13 in it's
climb. Chicago Nipple, comparatively
newcomer to the outside market, adj
vanced even more sensationally and
mounted from the Offering price
around to nearly IL. Not much was
known on the local market about the
stock, but there appeared to be
steady absorption on the part of in
siders.
General Asphalt and several of the
motors were stronger during the week
and gave firm tone to the industrial
group, although some of the more ac-
tive issues in this line failed to make
more than fractional gains. Gardner
Motors was in good demand on the
first day of trading in this stock.
Hercules Paper displaced North
American Pulp and Paper in popularity
toward the end Of the week, with SEN
sational advances on buying, evidently
based on reports of good business
ahead for the company. North Amer
lean continued to improve its position.
steps were taken during the week
toward listing two of the familiar curb
stocks on the Stock Exchange board,
Guantanamo Sugar and Etna Explo-
slves. Both companies are said to be
in excellent financial condition.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-07-11
Local Bonds of High Yields

dozen New York City utility bonds Of
short term. and the same amount Of lone
term bonds, paying the largest returns
regardless of their security, as 1 know the
higher the return the less tho security
a. j.
Answer-The following public utility
issues in New York City selling at very
low prices yield unusually high re-
turns: New Amsterdam Gas first s per
cent l948, price between IS and 60;
New York g. East River Gas first S per
cent 1914, price between 10 and rs:
New York e. Westchester Lighting
per cent 2004, price between SO and S.;
Northern Union Gas per cent 1927
price between IS and rs. They are
Part of the Consolidated Gas Company
New York & Queens Electric Light and
Power first consolidated per cent
1880, price between 70 and rs: New
York Queens Gas first per cent
1884, price between SO and so; Third
Avenue sod Railway first refunding 4 per
cent 1860, price about 421a; Union
Railway first s per cent 1912, price be-
tween so and 70; Brooklyn Edison
Company general per cent 1949, price
between 68 and 70; Brooklyn Union
Elevated s per cent 1860, about so;
Kings County Elevated first per cent
1949, price between so and IS; Kings
County Electric Light & Power con-
vertible debenture per cent 1928.
Price between sc and 95
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-07-11

not taken by holders Of first preferred
stock Of the United Drug Company.
Subscriptions must be made rs per
cent on or before July 15 and the bal
ance on or before August l. All the
class "a" stock will be placed in trust.
Between July 1, 1922, and July I, 1927,
class "A" common stock will be con-
vertible into common stock of the
United Drug Company, par for par. 1t
is also callable at $3.50 a share. but If
called may be converted within thirty
days. The new company, it is said, will
commence business with earnings of
SLABS share on the common stock
and 1t will be placed on an per cent
dividend basis at once. The par value
of the new first preferred stock will be
$50, and the common $500. 1t appears
as though the proposition is rather
attractive one for United Drug stock
holders.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-07-11
Sold His Rubber Shares

Question: shall be pleased II you can
give me any information with reference
to the Intercontinental Rubber Company.
1t is my understanding that they have
some method of getting rubber. from q
owned few shares of the stock and sold
1t and | am in doubt as to whether 1t is
advisable to buy Backs. l.. l..
Answer-The Intercontinental Rub
Der Company was producing rubber in
Mexico, but its plants in that republic
have been closed since last May on ac-
count of railway difficulties. Rather
large amounts of stock were issued
for the companies and properties
which the concern acquired. The stock
is speculative, in our opinion, and we
do not recommend it for investment.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-07-11
Pierce Arrow Common Speculative

iQaestion-Wil you please give me vour
opinion on Pierce Arrow common -, 3 T.
Answer-The earnings of the Pierce
Arrow Motor Car Company are better
than for this period in 1918. For the
quarter ended March 81, 1920, the bal
al ance after preferred dividends was
9olf 'z65, or at the annual rate of more
man 30 on the stock, against 1867, 1884
LOT d 1he same period in 1919. No divi
common issue, thus effecting saviac
or $l,250,0O0 per annum. The common
issue IS speculative, as it is sensitive to
earning power. W
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-07-11
Highest Liberty Bond Yic]ds

,ho suTe;H,.lon--kindly tell me which issues of
t tIc Liberty or Victory bonds will hear tha
nighest rate of interest if bought Al the t'e
present selling price and are retained as q
1,si nlanenl investment. Your column Of
Investment Information is one of the
serohs attractions of The Trbune-K' A. r
Answer-For short-term invest
ment Victory Az per cents Weld the
most at present, 6.42 per cent. For
medium maturity, eight years. the
Liberty an per cent yields the most. 6
per cent. For long investment the
Liberty ID second Az per cents yield most,
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-07-11
Poor Earnings Worry Bondho,der

Question-Several months ago upon n
Lenigh Valley general As OF zoos at IS.
! understand ands that all securities have de-
creased IN price recently, but in view
would you advise me to sell at presen,
quotation, about 6oh, and invest In other
bonds! II So what would you sugg est !?
Answer-We see no reason for you
TO be apprehensive. Most railroads are
showing poor earnings. It is our opin-
ion that there will be an. .improvement
before long. .
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-07-11

Qxssttsms Of general imtsYsst g
tMvssfers Will b amsWsrsd III tkis
eesHss's, IN tpAsch cass only imieiala
WA b 9ssd. Others Will 30 On.
sspersd BY mail. Addrsss all II.
(9tstss, inclosiwe a stamped, -.
9rsssed swVslope. to Fixonciul Editey.
1As Tyieuws. ls4 Nassau Street, Nsw
York City.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-07-11
Better Not Exchange Bonds

Question-Do you consider 1t good
switch from Missouri Pacific first 5s 1865.
at So to Chicago & Erie first, 1882. at ~?
IKE inc longer maturity, but only II the
security is greater.-E. X
Answer-Wo do not recommend the
exchange of Missouri Pacific 5 per cent.
1853, for Chicago & Erie 5 per cent,
1882. The former road is in far bet
ter condition and we believe you will
be weakening your position if you make
the switch.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-07-11
Woman Inclines to Speculation

Question: would like to invest $4,000
II! IN good Industrial stocks. oil and railroads,
90 so with safety and chances for divi-
dends and future profits on an advance
Would like your advice as to Pressed Steel
Car common. Railway Steel Spring com
mon. American Locomotive common or
preferred, Central Leather common and
aackawanna Steel common. Great North
Standard Oil of New Jersey. Texas OH
Ohio Cities Gas or Cities Service shares.
Woulu buy odd lots and distribute so as
TO net per cent.-Mrs. I. NJ. L.
Answer-If you would invest vour
funds wisely, do not attempt to obtain
too high yield. We assume that your
investments are to be permanent; that
is, that the securities you intend pur-
chasing will give you a steady income
for a long time. Stocks such as YOU
mention, with one or two exceptions.
are speculative. They are very sensi.
tive to earning power, and, in conse
quence, there is no assurance that
present dividends. will be maintained
over a period of years. Most of these
companies have enjoyed great prosper
lty as a result of the war. In other
words, abnormal times have placed
them upon a basis where their earn
lngs have been very substantial. IF
times return to normal, and they GER
tainly will some time, is it reasonable
to suppose that these companies will
enjoy the same prosperity that thew
have had for the past few years?
Whether OR not this will be the case
the fact remains that there is an ele'
ment Of uncertainty about the future
In our opinion you should confine vour
purchases to investment securities
which are seasoned and we'll secured
and which above all are not SO sensitive
70 earning power. Good bonds and pre-
fferred stocks, such as are mentioned
IN this column nearly every day. are
the kind OF investment we recon-
mend for you. -
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-07-11
Frisco Bonds Selling Low

Question--Please give your opinion Of
the st. Louis-San Francisco Railway COM
pany prior. lien bonds '(mortgage 4 per cent
series "A" bonds).. Would you classify
2 safe proposition for poor man IA.
l.. w.
Answer--St. Louis-San Francisco
prior lien bonds are very fair invest
ment issue, in our opinion. They are
not Of the highest grade and the price
would denote that, We look for better
times for the railroads and believe that
these bonds will sell higher when con-
ditions approach normal.