davidaulloa/AmericanStories huggingface dataset:
New-York tribune., 1920-02-01
Thinks Commission Too High

Cuestion-During October I purrhs-el
from q New York hanlanE and oroler.rr
house see shares ol lrlno. II Nn' iaair
Mining pa value s. Per snare T'hese storo-
were sold to II IS. the total tran-.or
ton being si12-19. On this sum fae hro4
age hol CHARGED me commission Of 90.
This appears 10 me - ae an excessive suai
irls-l-ch as 81 = apnrosiT ateiy pc e-f
Of She total and woa'G uocessitate Il rise nl
a least TX points before could sell anD
breas even il have 10 pay The same con
mission TO sell again. Hll you please ad
wise II this is proper charge2 wouio
also sfatae that The form If Z ayrsrt nls'i'
70 the brokerage hoGse was hy draft dr.l4
by ny bank on is New Nosoi corre.p pondeu-
These shares were. / understand fer som
reason. sent 20 Boston by reg sterea ma.
and have been losl. VIII yon please adv
me wnat action ! Chr AXE and where tha
responsibility Ies2 Is nsy broker liable o.
am l?-H NJ
Answer There IS minimum com
mission charge on most exchanges ano
on the curb. Moth NJ j. SAID, ho1evcl
about the maximum charge. If yoe
think your broker ha charged you Toe
much you should tel him 50. pa9hap
he will adjust the matter. II you did
not receive the stocH and the broker
sent IL 20 wrong address by regis
tered mail VIC do not understand whs
the brokers DO not take the matter up
with the Postothce Department.
New-York tribune., 1920-02-01
Liberty Bonds Va. Irish "Bonds"

Queation--What information can you give
me on Hollister Oil Company? Would you
consider It a good Investment? Has it q
producing well in johnson County. Texas
Also. would you advise me to change some
OF my Liberty bonds for the Irish bonds
Is It true that the Irish bonds are guarsn-
teed by the Bank OF England, as a fireman
canvasser told me p
Answer-We have no information on
Hollister Oil, but will make some in
vestigation and inform you OF the re-
suits later on. Meanwhile, we urge
you not to exchange your Liberty
bonds fox the so-called Irish bonds
which are to say the least. one Of the
most highly speculative "securities'
ever. offered to the American public. IT
Is absolutely untrue that the bonds are
guaranteed by tho Bank of England
The fact that solicitor uses such an
argument in trying to foist them on
the public Is sufficient evidence of their
character.
New-York tribune., 1920-02-01
"Preferred" and Common"

Question--i am small shareholder in the
International Educational Publishing Com
pany, connected with the International Cor
respondence School of Scranton. Pa Before
fhe wa tins company was paying ! per
cent dividend. During and since the war
they have paid nothing. Can you give me
any information to the dividend prospects
and what the stock is worth? kindly ex-
plain to me the meaning Of the terms pre-
ferred' and common capital stock-Mrs
T. l.. r.
Answer-The income account of the
international Educational Publishing
Company for the year ended April 80.
1918, the last of which we have any
record, showed deficit for twelve
months of $l15,403 This indicates
which way the wind was blowing, and
no doubt explains why the company
was forced to suspend dividends. Pre-
ferred stocks as rule have prefer
ence over the common, both as 10 as
sets and dividends. In case of the
winding up Of the corporation the pre-
ferred stock holders have the right to
be paid out of the assets before the
common stock holders receive anything
The conditions as to the payment of
dividends on preferred stocks vary
somewhat, but the usual provision Is
FOR the payment Of fixed amount, say
z or per cent year on the preferred
before common stock holders receive
anything. Moreover. the preferred divi-
dend Is usually cumulative and must be
paid in full before any dividend is
paid on the common. The preferred
stock does not always share equally in
voting privileges with the common.
New-York tribune., 1920-02-01
Feels justified in Speculatiup

Question: have about 800 saved, two
thirds of which Is in the savings bank
at 8 Y per cent and in good building and
loan association stock. I wish to keep this
proportion of the whole on AS safe a basis
as possible. Since I have family obliga-
tions and able TO about S75 q
month, I believe l justified in putting
not more than one-third Of my money into
stocks which are somewhat speculative. and
intend either to buy them outright in odd
lots Of te nshares on installment plan,
anticipating appreciation In market value on
long pull" I have Chile Copper or
Royal Dutch American shares or Vanadium
Corporation or American international Cor
poration under consideration for purchase
VIII you be SO kind as to give your advice
Is to the worth Of my general scheme and
what you think OF the relative value of the
above stocks for my purpose &c. NJ. D.
Answer-For speculative stocks those
you mention might be regarded as a
very fair selection. They appear to
represent we'll managed concerns, par
ticularly Royal Dutch and American
International. If you diversity your
purchases and keep in touch with de
velopments affecting these companies
you may come out all right, provided
you do not become 80 much interested
in the stock market that it will inter-
fcre with your business.
New-York tribune., 1920-02-01
International Nickel

Question-Can you give me any inforna-
ton about International Nickel common.
which stock bought some time ago al so.
and which OF to-day's market shows a sub
stantial loss? l have seen nothing recently
about their current earnings ana would like
to know what the prospects are for the re-
sumption of dividends.-W. A P
Answer-The last published report of
earnings of international Nickel showed
for the six months ended September
80, 1919, an amount equal to the an
nual rate OF 2.44 per cent, against
l2oS per cent Tor the previous year.
There has been a better demand since
this report was issued for the com
pany's products, the plants being oper-
ated at over so per cent capacity.
against 33 per cent previously. No
foreign demand has sprung up how
ever. Prospects for dividends, it is
said, are none too bright at present.
New-York tribune., 1920-02-01
FINANCIAL MEETINGS
THE MERCHANTS NATIONAL
BANK Of the CITY Of NEW YORK

NOTICE IS HEREBY GIVEN that at q
meeting OF tho shareholders OF Tho Mer-
chants National Bank OF ths City OF New
YORK, held on January is. 1920. it was
determined to TAXI sueh proceedings -
may be necessary or convenient TO
corporated oaOA OF che State OF Now
York by tn. name OF The Merchants Bank
Of the City OF New York; and also that
when this Bank shall have been organized
- incorporated bank OF tho state OF
New York proceedings be taken to 1nergs
Il with the President and Directors OF ths
Manhattan Coz. pany.
Sy order OF the Board OF Directors
o. 4. PAINTER, Cashier.
Dated New oIA. January Is. 1929.
New-York tribune., 1920-02-01
Women Courteouslv Received

Question-Wanted to buy bond Of the
Belgium loan. but before had chance
think these bonds will be listed like those ~
Great Britain and Ireland? I've been think-
ing about buying some bonds or stocks. b,,f
being woman, have found it rather en-
bsrrassing in going into these brokers' Of
fees. as they have bee all men around and
not woman in sight. and have backed out
Now. I've been wondering how women buy
their bonds. I have tried three different
brokers, but had to retreat every time. I'm
the phone and would rather have tbsIn
give some advice.-M c. B.
Answer While the Belgium bonds
were all sold by the underwriters. II il
still possible. Of course. TO purchase
New-York tribune., 1920-02-01
Pacific Gas and Electric

Question-A short time ago l purchased
100 shares of Pacific Gas ard ElectgIe con1-
mon at few points higher than the present
market quotation l would greatly appre-
clate your advice to whether or not thi.
Is moderately safe irvestnent.-D H
Answer-Pncifc Gas and Electric
which resumed dividends on the com,
mon stock in April, 1919, at the rate Of
per cent, does not show sufficient
margin over dividend requirements to
warrant the stock being classed as a
good investment. For the year ended
June 80, 1919, the earnings showed
65l per cent earned on the common
issue. Earnings are said Is be IN
creasing.
New-York tribune., 1920-02-01

Western Union Telegraph s well
managed corporation. We see nothing
at present indicating a decrease in the
dividend rate. American Agricultural
Chemical did not earn very good
margin over its dividend for the year
ended June 30, 1919. The amount was
1924 per cent. For 1918 the amount
was 35.01 per cent. Cluett- Peabody,
on the other hand, has shown large in
creases, due to the higher prices OBJ
tanned for the articles its manufac-
lures. These earnings are based upon
the unusual prices ruling as result
OF the war. For that very reason the
stock is not entitled to a good invest
ment rating. The stock which prob
ably shows the most even earning
power is Western Union.
New-York tribune., 1920-02-01
Ex-SoIdiers Flock
Back TO France as
'Rusiness Arsnv''
Sister Republic, Waking Up
TO American Enterprise,
Creates Promising Field
for Veterans Of the War
.SnttinI Corr 6 n,rdsrc .

'>DfC'Ht OTyvSiroTOeTcs
PHILADELPHIA, Jan. 28.-"We wan.
to go home" was slogan Of the Amer
ican Expeditionary Forces this time
last year. but at the present time
there are many doughboys singing
We want TO go back" for the pass
port clerk IN the Federal Building 1.
receiving many applications from ex-
soldiers.
II is generally understood that the
army IS going back to France. 1t is
not disembarkIng in long, gray flles OF
olive drab from gigantic transports,
but quietly. unostentatiously civilian
garbed men who fought as dough
boys" on the Somme and who pushed
she Stars and Stripes ahead OF all the
Allied banners III the Argonne; the
aces OF air" and engineers whose
first glimpse Of the economic needs Of
France were gathered in the construc-
tion of the American Expeditionary
Forces railways; artillery men and
ouartermaster offlcials-thousands of
them-are returning to the land they
fought in and for as the standard
"eai"is " AMERICAN puslness IN tu-
rope.
Everywhere France Is waking up.
on IS being substituted for coal on
the French railroads, the ports OF
Havre, Bordeaux and st. Nazaire are
being modernized with machinery from
The United States. For years Paris has
been menaced annually by foodss and
the French policy OF 'laissez-faire" has
reigned until now, when it is said the
French government has discovered
that America met and conquered the
Mississippi River, which was far
greater problem than the Siene.
Accordingly, American designers are
being consulted and a drainage canal
is to be constructed. No less than 15O
American firms established Offices in
Paris last year and nearly all have rep
resentatives of one or more men who
w.ore the uniform Of the United States
in the World War.
New-York tribune., 1920-02-01
Speculative in Varying Degree

stlon-Would like to know whether
the three following stocks--namely, American
International, American Ship and Com
tnerce and Transcontinental Oil--would be
considered a good buy q speculation
NJ d.
Answer-We make no attempt to fore
cast the movements of stocks. Amer-
can International is by far the best of
the three stocks you mention. We
know that 500 share has been paid
in, which is more than may be said
about most stocks. The company has
American Ship and Commerce and
Transcontinental Oil are in the highly
speculative class. The oil company we
believe is probably overcapltalized.
New-York tribune., 1920-02-01
Fidelity Capital Corporation

Question-Wnl you kindly give ms some
Information as 10 Fidelity Corporation Com
par.y, Offices in New York Boston, New Ha-
ven, etc? It is supposed 10 way in one years
time 20 per cent investors money. Is
said 20 be recommended by Dunn or Brad
street. 1t Incorporated last July and
dividends paid on January 1. Is II r
good investment for one having no money
TO risk B. C. C.
Answsr-We do not recommend the
stock Of the Fidelity Capital Corpora
ton as good investment for one nav
ing no money to risk. The corporation
has not even issued any statement Of
earnings as Yet. Until it has demon
strated its ability to earn dividends
over period Of years the stock in our
opinion should be regarded as specu-
lative.
New-York tribune., 1920-02-01
4 Guaranteed Bond

Question-If a railroad or corporation
guarantees the bonds both principal and
interest) OF another road or corporation
must these guaranteed bonds, In case of
liquidation. be paid before the parent COM
psny's frst mortgage bonds H. c. g
.Answer-If bond guaranteed by a
corporation were defaulted and if the
corporation guaranteeing the bond
failed TO meet the interest suit would
be brought against the corporation.
This would In no way affect the liens
on the corporations property. 4 judg
ment might be obtained, but 1t would
be subject to the corporations liens
on its propertY
New-York tribune., 1920-02-01
McKinlcy-Uarragh

Quesclon-Please give me information re-
garding the ore reserves of Mckinney Dar-
ragh. DO you recornmend the purchase Of
this stock il present reserves indicate cor
siderable time before complete depletion >
j. A. Mex
Answer-It was stated on January !,
1919, that estimated ore reserves on
January i, 1919. Of the Mckinley
Darragh Savage Mines of Cobalt were
S52,751 ounces. There was removed
during 1918 1,Gl4.6T3 ounces. 1t would
rot appear that the purchase Of this
stock should be based upon the fact
that considerable tjne VIII lapse
before depletion. The company is how
said to be earning wei. It seems that
1t would be better to consider it IN the
llght OF 9 Ysry great snecuiatlnu
New-York tribune., 1920-02-01
American Telegram and Ca5le

QUESTION cold some stock Of the Anleri-
can telegraph and Cable Company Would
you consider i COOL stoce 10 hoia
understand Il = guaranteed Is thu Nestera
Union Telegraph Company for twenty-five
years. When Goes the guarantee expire and
what are its prospects when il does expire
f. j. T.
Answer = The American Telegram
and Gable Company is leased 10 the
Western Union Telegraph Company
until May 1882, at rental of 5 per
cent on the Sl4.0o0,o00 stock, the lessee
and equipment. The company owns
TWO cables extending from Semen
Cove, England, to Dover Bay, Nova
Scotia. At present the stock is entitled
TO good rating, but there is no telling
what may result by 1882. Wireless
may bc such d factor by that time
that the use OF cables may be obsolete
New-York tribune., 1920-02-01
settling itself into the marble halls,
which look ike those Of slorifed bank.

settling itself into the marble halls,
which look ike those Of glertlsd bank.
1t is thsre that one eoes to hear tho
story OF venture begun In March
with the idss Of supplying fsh from
Lewis. in the Hebrides. Already two
hundred fab shops arc being managed
by this company In London and other
centers, and 1t IS hoped ultimately to
have ton times as many, drawing their
supplies from various fisheries.
At present the shops. most Of which
are established businesses taken over
with their stats, arc being run under
their trade names. Newer methods
speeded UP, and special attention Is
paid to the appearance Of the shops.
AS the scheme develops q uniform style
OF facial and interior decoration with
an attractive color scheme will be
adopted, and various devices will be
used to advertise the virtues Of a f. sh
dict
Little Known Fish Advertised
1t is realized that most people know
only few Of the hundreds Of appetiz-
ing ways in which fish can be cooked,
and that il Ash is TO become a moro
popular food there mugt be variety In
the cooking. Ono poster points out
that "there is more real food In two
fresh herrings than in half pound Of
beef or mutton, and it is better for
health" Another is challenge to all
housewives. Can you make these fash
dishes7" it demands, and then gives q
list OF attractively named dishes un~
fish cookery book is being prepared.
and some Of the pages Of recipes will
probably be distributed as leaflets in
the shops
I'VE havc no desire to undercut other
dealers" said a representative Of the
firm. 1--WE want TO educate the people
TO make them understand that Ash,
which is cheaper than meat, ia a val
liable food; to create q demand for it,
and to supply 1t as quickly as possible
from our distributing eenters. It will
be packed in ice. and will arrive in
perfect condition. So far the ven
have shops In many seaside places fight
to the west Of England, as we'll as in
many inland towns.
"The thing that interests us most at
this moment Is our latest scheme Of
travelling fish shops. Tho first Of
these, motor-lorry carrying shout
ree-quartcre of ton Of feh In Ice,
arrived in Romford Market Essex, at
11:30 q. m. and FIVE hours later was
nearly sold ont. The iorry is Of the
army ambulance type-one half Of a
side lifts up and the other falls down
to form a counter. Very soon we shall
have forty of them at work supplying
villages where there are not fish shops
with fresher fish than they have ever
been able to get before.
Cooked Goods ON Sale
Tho price Of Ash Is much lower than
It was twelve months ago and the ten
dency will be to come down still
further. We supply all kinds Of tlsh
and will also sell poultry, though fsh
will be the main thing. We have about
SIX fried fish shops and are opening
another tomorrow, and we are expert
menting with different frying oils 70
get the most suitable.
"The ultimate aim Of tho company
Is to catch Its own fisb, TO have depots
at all the principal ports snd distribut>-
ing centers. We have good many
shops in Edinburgh now and our big
scheme will include Ireiand'
New-York tribune., 1920-02-01
Stock Not Ready

Question Some time ago purchased
through the Cannon Stamm Company. of
q William Street, one unit OF Wyoming
Oil Syndicate which i, supposed TO repre-
sent ten shares Of stock, par value of $40
. share, which held IN their treasury
Now since last March, when J purchased
this, l have not heard word from them.
paid sS5 for this and they later raised
their price on these to 800. At the time
| purchased this they told me- that in n
month two they were going 10 issue
STOCK for this and that I would receive ter
shares of stock. viii you kindly give me
any information you may have on this and
oblige H. II
Answer-We are informed by the
brokers through whom you made your
purchase of Wyoming OIL Syndicate
that the stock is not yet ready 5oI
distribution. The directors have an
nounced nothing, nor have they inti-
mated when the matter Will DO cor
summated
New-York tribune., 1920-02-01
National Atlantic Petroleum

Question: would thank you to give me
the following information In connection with
National Atlantic Petroleum Company: .
What are its possibilities as an investment ,
immediate profit? 3. Do you think the COM
pany's position justtfee Il continuance of the
companys present high rate of dividend? 4.
Do you think the stock Is worth 5 q share
and il | were to purchase at that price do
you think I would be able to cell il without
loss six months from nov 1h. ;nforna-
ton is for myself and several friends who
have been approached the stock and in
this connection we would appreciate inforrna-
ton as to whether not ths houses recan-
mending the stock are reputable mud tleserv-
ing Of confidence.-A. L.
Acknowledging from your ques-
tons regarding National Atlantic Pc
troleum: we would say that 1t is on eX-
cellent stock for you to keep away
from. To say what the price of any
security, railroad share or government
bond will be six months from now Is
out of the question. If you buy oil
stocks. prepare yourself for shocks A
large number Of oil companies which
distributed dividends generously when
they were offering stocks to the public
arc not paving anything al the present
time. We have no means of determln-
ing whether National Atlantic Petro-
leum will be able to continue it's pres
ent rate of dividend or not or what the
stock is worth. Every oil company
eventually will become bonanza, ac-
cording to its promoters. Understand.
we know nothing against this concern,
but only judge from your questions
that OIL stocks generally are not the
kind of security for you TO purchase.
New-York tribune., 1920-02-01
Investing Money Nfselv

Question find can AXE 81 GOO ron M
business occasionally and u0on your sugge>-
non put i in a Liberty bond 7 note the
have all kinds of prices. the fourth dogsn t.
VI, and seeming TO yield the most. Nbioh
would you advise j. K.
.Answer~It depends upon the lengtr
OF time you wish your Liberty bonds to
run. The third AZ per cent yields
over per cent. while the Victory 4s.
per cent yields about 5.l5 per cent 4
held until maturity. The third loan Is
due September Is. 1928. The Victors
issue Is due May 20, 1928.
New-York tribune., 1920-02-01
Gold Mining Companies Suffer

Question-WH yoa andy let me know
why Yukon Gold is selhng az such q low
figure Year ago ! bought Gold Hal Con
sohdatea. Is II worthless Would also like
TO have your opinion on Niagara Oil an
Refining Company J. W.
Answer-Practically all gold mining
companies have suffered recently, be
cause the price of gold has not risen
while operating costs have incressed
materially. Gold Hill appears 70 have
disappeared. We know of no value for
the stock. Niagara Oil and Refining
appears to be well managed company
with good production II was only or
ganized in October, 1919, so II Is too
soon 10 determine what the results
New-York tribune., 1920-02-01
None Exactly Suitable

Question-Won't you kindly inform me If
Western Union TELEGRAPH stock is safe
and permanent investment? Are they likely
to continue in the business and pay Same
dividend as at the present time? Also is
the American Agricultural Chemical COM
mon stock good, safe investment? Also
is the Cluett-Peabody common stock de-
sirable? viii they continue to pay per
cent, and is the stock likely to advance still
more in price Which one Of the stocks |
have mentioned do you consider the most
desirable Miss II. NJ s.
Answer-None Of tho stocks YOU
mention can be regarded as a safe and
permanent investment. Dividends are
very likely to be decreased in the
event Of CONDITIONS warranting IT..
New-York tribune., 1920-02-01
Italian Girls Won't Wed in NAV

No Italian girl will consent to be
married IN May. Certain days Of the
week, too, are prohibited-M Monday, for
instance, Is held to be unlucky 70 fu-
ture generations, Saturday is reserved
for widows; Tuesday Ia considered i'm
TO- On webes and ss eS Ds spe aaS sa
Friday and Wednesday are fast days
Sunday therefore Is the day almost
alMaYs chosen for the celehratiou
New-York tribune., 1920-02-01
Frisco Income Bonds

Question-I would be pleased to hear from
you In reference to ST. Louis l. San Fran
cisco Railway Company income per cent
bonds and II you would advise to buy
L. H
Answer - st. Louis 4 San Francisco
IS doing far better at present than
most other roads. With increased
freight rates and constructive legisla-
ton generally the income bonds, we
believe, should do better, as they re-
turn a very high yield at present
prices. The element Of speculation
consists in uncertainty over what Con-
gress will do.
New-York tribune., 1920-02-01

10 THE STOCKHOLDERS OF Il. VI
rELfi g. son, INC:
Fl.EAsE TAKE NOTICE that meeting
81 tho stockholdcrs OF I. Vitelli & Son,
nc, VIII DO held at the once OF the cor
porauon. a. No II Nassau Street. in tho
oorough OF Manhattan. City of New York.
W the 1lth Gay Of February, 1920, at 2
e. z. N. for the purpose OF considering and
passing upon the agreement entered into
~ ne Board or Directors OF this corpora
4 Company. Inc. for the consolidation OF
=. s'te.l Son, lno. with VitelN & Com
Seay. Inc, and tho terms a-d conditions
T., T. eonsonoations aud such other business
said meeting
ps'ed, New York. january .7th, 1890
. p, na ORDER OF THE BOARD or d.
WlLHELMINA vITELII.
SeC-etary