davidaulloa/AmericanStories huggingface dataset:
New-York tribune., 1920-04-25
A Good Group of Stocks

Question--The last of December. 1918, l
put all my small savings into five shares
Standard Oil of New Jersey preferred. Beth
lehem Steel preferred General Motors de-
benture preferred and Royal Baking Powder;
preferred, netting me $1.5 year interest.
To do this | sold all my Liberty bonds and 80
added about SIS to my yearly income. Now,
l am reading your column and | like your
advice to small investors. Please state if 1t
would not be safer to sell some of the above,
please tell me what you think of the Morris
Plan 5 per cent certificates Is that about
as safe as n savings bank? I have a few
hundred more to invest and cannot
afford to lose a dollar of it, so l shall very
much appreciate your advice.-Miss E. M
Answer-It is disturbing to see any,
thing which one owns decrease in value.
We are in an unusual period at this
time. Conditions have arisen which
have caused the soundest investments
to fall in price, in some cases to the
lowest points in their history This
has been brought about by various
causes, the chief one being the high
price Of money to which all kinds of
investment must conform. We see no
reason for you to be alarmed over your
investment at this time. All these
stocks are preferred issues of corpora
tlons which show ample earning power
to care for dividend requirements many
times over. There are better securi-
ties, of course, such as Liberty bonds
and guaranteed mortgages, and if you
feel apprehensive over the situation
you could convert your preferred stocks
into them. SO far as safety Of princi-
pal is concerned, we. do not see any
present cause for worry, however. The
Morris Plan certificates are entitled to
very good rating in our opinionss
New-York tribune., 1920-04-25
Saves on Housekeeping; speculates

Question: wonder if you could advise
me on a little speculation l did month
ago. had little money saved from years
Of housekeeping and bought 1000 shares of
Island Oil and Transport at 5. l did not
sell when it went up last week to s, beev-
ing, from what read, it has good chance
to- go higher. Did l act wisely? Do you
was safe thing to buy. would you sell
the next time it goes higher? l had put it
in to sell for 9h, but as it did not reach
this figure I~thought would hold on a while.
When l do sell it, wiz to put it in the
safest bonds l can get. What bonds do you
advise for safety of principal with a return
of about 5la per cent? l thinking of
the Fourth Az per cent Liberty bonds
Mrs. f. L.
Answer-There is an old adage in
Wall Street that zone never goes broke
taking profits" Island Oil and Trans
ports business consists of producing
oil in Mexico. Not only is the produc-
tlon of oil an uncertain enterprise, but
conditions in Mexico are so disturbed
that the stocks of oil companies operat-
ing in that country are about as specu-
lative as one could find. While we do
not pretend to know what the course
of Island Oil stock will be, it seems to
us that If you can obtain good profit
on your holdings you will be wise to
take it. 1t seems to US that YOU could
not do better than to purchase Liberty
bonds, particularly in view of the fact
that they are now selling at prices to
give you an exceptionally high yield
for United States government obliga
ton.
New-York tribune., 1920-04-25
Interest Paid but Not Earned

Question-ls interest on New York. West
chester & Boston Az per cent bonds being
paid regularly? Is the interest Inter-
borough refundng 5s assured by agreement
Is interest being paid On St. Louis &, San
Francisco adjustment 6s and income Is?
Are dividends being paid on Chicago, Rock
Island & Pacific 7 per cent and per cent
preferred shares ? Your department. permit
me to say, is invaluable.--J. J. N.
Answer-Interest on New York,
Westtchester g. Boston bonds is paid
regularly. 1t is not earned, but the
New Haven road guarantees and pays
same. The interest on Interborough 5
per cent bonds is not assured by agree
ment. The company must attend to
that matter. Both issues of St. Louis
& San Francisco bonds you mention
are receiving their interest and the
dividends are being paid on both pre-
ferred issues of Rock Island.
New-York tribune., 1920-04-25
Would Avoid Discontentment

Question-Lost my health about eight
years ago. Had $4,000, which kept in
vested in mortgages and judgment notes. but
of late there is demand for loans in this
city. as there is no building, and unfortu-
natcly my attorney. who was reliable and
kept my money working has lost his health
and retired from business. Through the ad-
vice of local people l invested in Mdvale
Steel common at 47% and Pennsylvania
Railroad common at Al and Lehigh Valley
Railroad at 42. In reading your investment
information Of Sunday I find you do not
consider any of my investments safe
one. AS l do not speculate, but am in the
market only for safe investment, / would
be very thankful if you can advise me in this
matter and let me know what you think about
future prospects Of the steel business. l do
not feel safe about it, and you know dscon-
tentment for in poor health does not
help any. K.
Answer-1n purchasing such stocks
as Midvale Steel, Pennsylvania and Le-
high Valley you are entering the spec
ulative class. We do not imply that
these stocks will prove to be unwise
purchase from a speculative viewpoint.
We do say, however, that for purely In
vestment purposes you should purchase
only those securities which are not SO
sensitive to earning power. Among
these are high grade bonds, which may
be purchased at this time to yield from
5% to over per cent, and seasoned
preferred stocks, to yield from 6 to
per cent. The return on many common
issues Is very attractive, to be sure, yet
we are of the opinion that your princi-
pal is not so we'll safeguarded as in the
higher grade issues.
New-York tribune., 1920-04-25
Seeks Light on Railroads Future

Question--As a holder of Chicago & North
western common, New York Central and Hi
rois Central, would like to know what you
think of them from purely investment
viewpoint. understand the railroad situa-
ton in general at present, but would like to
know your opinion as to the prospective
earnings of these roads under impending
conditions-J. w. D.
Answer-It will, we believe, take sew
eral years of actual performance under
the new transportation act for the rail
roads of this country to demonstrate
their future earning power. Strong,
we'll managed properties, such as those
you are a stockholder in, should be
among the first to benefit from what
ever good features there are embodied
in the legislation recently enacted to
govern railroad operations and COM
pensation, but we do not assume re-
sponsibility for any prediction to this
effect. So long as the present uncer-
0tainty regarding future earnings con-
.inues it should be recognized that
railroad securities in general are more
speculative than they were a few years
back. This is particularly true Of the
common stocks. including those high
grade issues which for a number of
years have been widely held for invest
ment purposes.
New-York tribune., 1920-04-25
Going About It Right Way

Question: wish to express my appreca-
tion OF your letter of ths 18th inst. regard
Ing bonds. I find that your opinions are
very much worth while and are dependable
tor conservatism. ! do not wish to become
nuisance in inquring about matters, but
would very much like to have you tell me
something in addition about the Denver y
Rio Grande first as, which you mentioned. |
understand that this road is in the hands Of
receiver and that these bonds are a first
mortgage Ito the extent of about $25. 600
per mile). They seem to be active and sal
able. but to what extent is the principle and
interest safe considering the fact that a
receiver is in charge? Ordinarily this would
not mean strength or stability. If reac-
ton should come in this country and hard
times be experienced. what would be the
interest cumulative? So far as l know there
IS no other place where / can obtain this
information. and it appears to me to be i'm
portant to learn it before rather than after
investing.-C. M. B.
Answer-The Denver & Rio Grande
Railroad is in receivership, not be-
cause. it Is bankrupt road, but be-
cause the Equitable Trust Company
secured judgment of some $36,000,-
900 against it on account of failure to
make good its guaranty of the bonds
OF the old Western Pacific Railroad.
.Ai.0ouy SoIHe p4,UUU,UUU mas DeOn OO-
tanned from the company on account
OF this judgment. 1t does not how
ever, affect the operation Of the road.
AL! the liens on the road were made
prior to the guaranty, and in conse-
quence this judgment is junior to all
the liens. There is little likelihood of
a foreclosure sale to satisfy the judg-
ment, in our opinion. Even if this
were to happen, it is doubtful if the
judgment would be satisfied, for a COM
mittee of junior bondholders would be
formed to bid in the property. This
would have no bad effect upon the first
lien bonds. The Denver & Rio Grande
has actually earned all its fixed
charges (there are four liens on the
property during government opera
ton. The first a per cent bonds are
a first lien on over 1900 miles in Colo
rado at comparatively low rate per
mile (less than $25,000). We see no
more. reason to be apprehensive over
the future of this road than that of
many others. 1t is our opinion that
the bonds are selling far below their
real value and offer rather attractive
speculative investment opportunities.
The interest on no first lien is cumula-
tive. If interest is in default for
certain period, foreclosure proceedings
would be brought.
New-York tribune., 1920-04-25
New York Central Debcnture 6s

Question-Have New York Central de-
bcnture IS interest coupons attached or is
interest paid by check? When are debentures
due and on what dases is interest payable !?
1s this interest payable prior to a declara-
ton of dividend on the common stock and
is the payment prior to any other issue? If
so, would you not consider it a good invest
ment at present time ?,-F. S.
Answer-New York Central converti-
bic debenture 6 per cent bonds are due
May 1, 1885. They are in coupon form.
The interest is payable May l and No
vember l. They are convertible into
stock of the New York Central up to
May l, 1925, at the rate of $100 in
stock for $l05 in bonds. They are not
secured by mortgage, but are direct
obligation of the company, thus pre-
ceding the stock, but subject to all
mortgages on the property. We regard
them as a good speculative investment,
much depending upon the operation Of
the road under the new legislation.
New-York tribune., 1920-04-25
Risk Increases With Yield

=, Question What do you consider as sccuri-
Ties OF the highest grade for one who wants
70 invest $4,000 In securities yielding from
eh per cent to per ccnt?-- Miss j. K
Answer-Securities of the highest
grade do not yield from 6ls to I per
cent, though 1t is possible at the pres
cnt time to obtain we'll secured invest
ments returning that much income.
But you should remember that tho
greater the yield the greater tho risk
involved as rule. For your purposes
the seasoned preferred stocks appear
to offer tho best opportunities at this
time There are. however, several is
sues of short term notes which offer a
large Yield. but these, of course, do not
give ono a permanent investment for
over q long period, MS they mostly run
only from one to five years The fol-
lowing appear TO DC safe enough at
this time: Goodrich Company per
cent April, 1925, to yield IT'S per cent;
Bethlehem Steel, per cent. July is,
1928, 70 yield 7.25 per cent; American
Tobacco z per cent. November. 1923. to
New-York tribune., 1920-04-25
Details of Two Bond Issues

Question: am interested in Denver &
hlo Grande Improvement 5s OF 1873. Wnat
Is the standing of this kind as an invest.
ment issue. and where is the interest PAID
Also. what is the standing of St. Louis
southwestern consolidated 4s and first As
Where is the interest payable on these &
j. T.. L.
Answer-Denver & Rio Grande i'm
provement per cent bonds, due 1928
are secured by second mortgage on the
company's property in Colorado (about
1000 miles), at $4,000 a mile. We re-
gard the bond as a good speculative in
vestment. The yield to maturity IS at
present prices over II per cent per an
mum. The road has been earning the
interest on it's entire funded debt. In
terest is payable June l and December r
l at the National Park Bank, in New
York. st. Louis Southwestern first 4
per cent bond certificates. due 1889, are
secured by first collateral lien through
pledge of $9,895,0 900 CENTRE issue) st.
Louis Southwestern Railway Company
first per cent, 1889, on EST miles, and
by pledge of $2,495,5o0 (total issue,
$2,750,000) capital stock and $9,445.00
(total issue) first A per cent, 1889. of
the St. Louis Southwestern Railway Of
Texas on 453 miles, and by pledge of
s66o,0OO (total issuee) Tyler South
western Railway first per cents, 1889,
on 50 miles. We regard the issue as a
fairly good investment. The st. Louis
Southwestern consolidated first A per
cent, 1882, are secured by direct mort
gage on 753 miles, being first lien on
35 miles, first collateral on Ill miles,
third lien on 587 miles and third
collateral lien on 642 miles: There is
also other collateral pledged. The
tn n foir1xy rrnOd
ulative investment rating. The first 4
per cent certificate coupons may be
cashed at the Guaranty Trust Company.
New York. and the first consolidated
coupons at the Equitable Trust Com
pany of New York
New-York tribune., 1920-04-25
Thinks Times Are Out of Joint


Question-What is your opinion of the
Cataract Power and Conduit first mortgage 5
per cent bonds, due in 1927 as an invest
ment? l have a number of these bonds
purchased several years ago, and have ordi-
ment, but the times are so out of joint,
have wondered whether it might not be
wise thing to dispose Of them and put the
proceeds into Victory Ak per cent bonds, due
in 1923.-M. G.
Answcr-We regard the Cataract
Power and Conduit first mortgage 5
per cent bonds as Il good investment
They are assumed by the Buffalo Cen
eral Electric Company, whose earnings
are ample to care for interest charges
on this issue. which is a comparatively
small one. All forms of investment
have declined greatly in price of late
so we do not think you have particular
cause for uneasiness.
New-York tribune., 1920-04-25
Confused Over Call Money

Question-At what rate was call money
standing on March 20. 1920. as l bought an
days. Is that price correct or can dealer
in cnlls md puts charge any price he
plcascs? The dealer handed to me just the
receipt for the money. and can | demand to
see the option? Also. l bought 600 shares
Universal Silver. rs cents a share. and 500
Of Continental Refining Oil Company at
$3.50 share. Do you think these shares
are good r. II.
Answor-Thcrc Is no relation what
ever between call money rates and the
price you pay for calls on stock. Call
money Is the term given to money
loaned on collateral which is subject
to call, or return, on demand. A call
on securities consists of the purchase
for . consideration Of an option to call
New-York tribune., 1920-04-25
Holds Retsof Mining Bond

Question: am the owner Of one Rctsof
Mining Company per cent bond. due 1925,
face value 81 900. From time to time l re-
ceive offers to buy at 10 or little above.
Do you believe it would be wiser to accept
such an offer or to wait until the bond
natures in hopes Of obtaining the full
value miss A. d. b.
Answer--According to the latest re-
port of the Retsof Mining Company
(year ended February 28, 1919 the net
earnings were $342,947, the largest
since 1918. This amount was more
than two and one-half times the in
terest on the bonds. In all probability
the report for the year ended February
%, 1920, will soon be published. 1t
might be we'll to await it and see how
earnings have been for the last year.
If there has been no great decrease we
should say that the price of 70 for the
bonds is too low.
New-York tribune., 1920-04-25
Choice Of Liberty Bonds

Question-In your opinion which issue of
the Liberty bonds do you think is the best
buy?-H w. B.
Answer-There are several things to
be considered in the purchase of Lib
erty bonds, such as exemption from
surtaxes and the length of time one
wishes his bond to run. Assuming that
the amount to be invested will not be
affected by the surtax, we believe the
best bonds to purchase are, for a short
6.10 per cent, and for long term the
Liberty fourth Az per cent, yielding
5.37 per cent. Yields are, of course,
based on the bonds being held to ma
t1ritv
New-York tribune., 1920-04-25

upon a person within a specified time,
of a certain amount Of stock, at given
price. When you purchase such a call
you should receive the option given you
for this privilege, signed by the seller
and indorsed by reputable firm. If
you have not received it you should
make demand upon your broker In
purchasing oil and mining shares we
suspect you >have been actuated by the
expectation of speculative profits. In
the long run you would, we believe, be
better off if you left such stuff alone.
New-York tribune., 1920-04-25
Bonds
Pittsburgh
Opens Sever New Branches

Seven new branches have been opeueu
by the American Foreign Banking I0a s,;.
poration in the Dominican repupls'
The new offices are located in La VEGA
San Francisco de Macoris. Sanen.-
Santo Domingo City, Puerto Plata 1sn
Pedro Macoris ard Santiago De 100
Caballeros.
New-York tribune., 1920-04-25
Investment Information

Questions Of general interest t.
investors sciN be ans1oered IN the
column, in .Uhich case only initials
ViH 30 used. Others wiH be an
ssoered BY mail Address oil sn-
quiries, Enclosing q stamped, ad-
dressed expslope. to Financial Editor,
Tho Tribune, l5I Nassau Street. Nes0
York Citr.
New-York tribune., 1920-04-25
Not a Wise Investment

Question: invested in Tonopah Divide at
So time ago. Would you consider
same a good investment. and if in your
power will you kindly let me know if same
is paying investment or not?-J. F.
Answer-Tonopah Divide is highly
speculative, and the purchase of such
stocks for investment purposes is not
wise. in our opinion.
New-York tribune., 1920-04-25
DIVIDEND NOTICES
MAGNETIC CORPORATION.


New York, April 2l 1920.
A regular quarterly dividend OF sl.1
per share on the Preferred Capital Stocl
Of this Company has been declared. pay
able May l, 1920, to stockholders of recort
at the close OF business, April 20. 1920.
+. 5. JEROME, Treasurer
New-York tribune., 1920-04-25
Willys-Overland-Glcnrock OIL

Question-Kindly give me your opinion
briefly as to whether WHY'S Overland COM
mon stock has any possibilities marketwise
or whether it is an inflated issue. Would it
be better to invest ones money in some
other stock than to keep it tied up in twen-
ty-ive shares Of Willys-Overland common i?
Also. give me brief opinion on Glenrock
Oil. which is listed on the New York Curb
New-York tribune., 1920-04-25
Answer-As an investment Willvs

Overland common stock is not very at
tractive. 1t pays dividend of only 81
a year. Earnings for 1919 were rather
disappointing, although the company is
said to be doing better at present.
What the stock will do marketwse
probably depends a good deal on the
general trend of speculative sentiment
Glenrock Oil does not appear to be
showing such earnings as would war
rant stockholders looking forward to
dividend payments.
New-York tribune., 1920-04-25
Dividends No Concern of Governing

Dividends No Concern of Government
Question-Wil you please advise me as
to the advisabity Of investment In jap
anese Imperial bonds. 1925. Az per cent,
first or second series. Will holders Of the
preferred stock Of the Chicago, Milwaukee
N St. Paul Railroad receive interest on
the stock from the government for the
time it has passed its dividends &C. f. R.
ment has nothing to do with the dvi-
dend policy of the railroads. That re-
mains entirely with the boards of di-
rectors. The government paid rental
charge to the various roads which
signed up with the government. The
directors of St. Paul, seeing how the
actual earnings were, decided it best
to conserve all cash rather than pay
dividends
New-York tribune., 1920-04-25
Stocks Ex Dividend

May s-Am La Francs Fire Eng fe" !,
May 1-Burns Bros ....... 80
April S0--Columbia Gas & Electric -,
April S0-Conn Ry & Lighting. ..-..'s 1
April S0--Conn Ry 4 Lighting pf..'''
April 30--Corn Exchange Bank. ..''.
Apri! 20--Eastman Kodak. -..''.. :,
April 29--Lincoln National Bank.
May infant Copper ........ 80 .
April 27-New Central Coal OF w VA I
April S0--Nunnaiiy Company Tenl.
May 6-Pitts 4 West Va Ry pf- ..''."
April so--Puliman Company ......'..'
April S0--Sears. Roebuck 4 Co. .'.'''sii
Aprii 2S-Sloss- Sheffield S 4 L.. ....:.s
April S0--Stewart-War arner Speedeme'es
May Superior Steel LIST pf.......'''
April 50--Tob bacco Products. -. 49,"
May 1--Woolworth. + W...,.sss..sss
New-York tribune., 1920-04-25

yield per cent; Western Electric per
cent, April, 1923, to yield 7.15 per cent:
United States Steel preferred, Central
Leather preferred, Corn Products pre-
fcrred and United States Rubber pre-
in mind.
New-York tribune., 1920-04-25

Question-Wil you kindly let me know
why the second Liberty As. second rs and
fourth ANS are selling so much lower than
the other issues IN. A. f.
El Mundo. [volume] (San Juan, P.R.) 1919-1990, 1920-08-20

ticos bosques de Florida, sino en- ell mas
extralo y prosaico de los siglos: densro
de una cierta glandula que posecn los
-monos, segdn un sabio, los chivos, Sc
gun otro. Pertenece la primera de di-
chas teorias a un sabio frances, la Sc
gunda a un hombre de ciencia nor5eame
ricano. Ambos han llcvado ter1nino ex-
periInentos sorprendentes Y ambos con-
tinuan trabajando por obtener un re-
,sultado definitivo. Mientras Sc logra-
81 ha de lograrserquicn han negado
va a la vejez Quienes velan por la
sallld de seres anciallos cuya existen-
cia quisieran prolongar indefnidamente,
no pueden hacer NADIA mas acertado que
atenerse las reglas dadas por La hi
giene moderna y las cuales pueden re-
sunrise asi: alimentaci0n nutritiva pc
70 facil de digerir; ejercicio moderado !:
pocas preocupaciones Y, sobre todo, mu-
cho cuidado con las Was digestivas. In
mediatamente que Sc presenter ciertos
sintomas como lengua sucia, NAL alien
to, dolor de cabeza, falta de apetito,
ETC., hay que efectuar una perfecta linn
pieza interna. Pero t6ngase en- cuentaf
que un anciano no debe darsele sino
un laxante vegetal muy suave que no
El Mundo. [volume] (San Juan, P.R.) 1919-1990, 1920-08-20

violente, nj en- 10 mas minimo, Ell intes-
tino; Los n6dicos mas respetables solo
prescriben EN- estos casos una dos Gu
charaditas de Jarabe de Higos de Cali
fornia, "Califig'', por ser este Ell uni
co laxante y purgante que sc compone
exclusivamente de jugo de higos de Ca
lifornia y plantas estomacales. Su ac-
cion es rapida y absolutamentel suave.
Cuando hay estrefimiento cr6nico, una
cucharadita de "Califig'' todas las no
ches constituye ell remedio por excelen-
cia. Advt.
El Mundo. [volume] (San Juan, P.R.) 1919-1990, 1920-08-20

COLOCACIoN.--se Ofrece colOcaci6u
a una sehorita en- oficina en- San Juan.
Debe saber escribir en- maquinilla y te.
ner buena ortografIa. Dirijase calle
de Salvador Brau No. 1O1, San Juan.
DEPENDIENTE DE FARAGAcIA, ,--se
solicita uno, soltero y con bastante
practica. De referencias, sueldo que
quiere ganar, practica. The western
Drug Co., Mayaguez, P. r.
NECEsITAMos un dependents de far
macia que tenga conocilnientos en- pre-
paraciones de recetas. Dirijirse Ro-
bert Santini Fariracia LA FE, San
turce, P. r