davidaulloa/AmericanStories huggingface dataset:
New-York tribune., 1921-01-03
Hopes To Recover Losses

Question-Advlse ne what would be
pest ior ne 70 co with respee: TO hold :
irss OF pennsylvania Railroad stock. Bal
~, IN ore Ohio preferred ana Delaware <
Hudson, all bought on close to s per cent
basis also have ten shares each Of
Dtoa Csne sugar preferred and WORTH
IN mind was to sell ,hem or some Of
tnein' and invest the proceeds in such
Stocks or bonds as would not reduce the
yie!a greatly and at the same tlnln give
assurance OF better aecurty.-W. VauH.
Answer--lf you sell your stocks and
purchase other securities so that your
yield viii not be materially affected
you cannot expect to obtain high grade
issues Good inves tment securities
.yleld from per cent to ~ per cent,
even per cent may be obtained by
purchasing short te,m securities. The
Tribune makes 70 attempt to advise
people who desire to recoup Losses.
mat is matter Of speculation. The
railroads are still in an uncertain posi-
tlon but Pennsylvania and Delaware &
Hudson arc good stocks of their kind.
Baltimore & Ohio has been showing
better earnings lately. The Cuba Cane
Sugar Company has shown very salts
factory earnings recently. What the
company will do next year remains to
be seen. We do not regard the pre-
ferred stock as q seasoned investment.
Worthington Pump has also operated
rather we'll, and the A stock is a very
tair one IN our opinion. As soon as you
attempt to make up your Losses you are
IN the speculative game. We only sug-
gest investments. Good bonds and mort
cages and high grade preferred stocks
are in this class.
New-York tribune., 1921-01-03
Old World Anticipates
Gradual Return of Prosperity
"ithers Declares Proposed Naval Agreement, Fund.
ing OF British Debt to America and More Efficient
"ork by Labor Everywhere Are Good SYMPTOMS

not continue indefinitely. It also helped
to show employers that the wartime
scale Of profits was no longer exactable
from the public.
Some estimate that the recent losses
on goods and securities will practically
wipe out most of the large fortunes
acquired here during the war, except
in cases where the owners were wise
enough to quit business before the
slump came. These considerations,
however. leave the public cold, because
it still believes somebody is making
too much at its expense and that it is
being overtaxed by the government, bu,
big reductions in goods at the end Of
the years sales indicate that retailers
grasp the public's determination not
to pay current prices and that re-
rewed trade only is possible when pub
lie demand is restored at home and
abroad.
Shatterer Of Delusions
Among many delusions shattered BY
the stern schoolmaster 1920 was the
belief that Europe can recover her
prosperity without allowing and &C
tualy furthering the restoration Of
industrial activity among the defeated
powers and Russia-if Russia will make
the necessary acknowledgment fol-
lowed by a composition of the debts of
the former governm ent-also with out
quickly arriving at settlement of in
demnity claims such as will not crush
German and Austrian enterprise.
Thus the past year has cleared the
way for progress by purging much of
the unhealthy speculation and demon
strating the futility Of many political
and economic obsessions. 1t is now
recognized that the essentials for re-
covery are peace, cooperation, the free
exchange of goods between nations.
reduction Of expenditure and taxation,
the granting Of credits to impoverished
nations and hard work all around in a
common cause.
Good symptoms are the proposed
naval agreement to reduce competitive
shipbuilding, the funding of the British
debt to America and more active work
by labor here and elsewhere. These
signs give reason to hope for a grad
ual return of prosperity on this side Of
the Atlantic. On your side, your great
hold on the worlds production, given you
by your position as the worlds creditor,
enables you to face the future, secure
in confidence, though only the restcra-
tion of the worlds productive power
will enable you to take full advantage
Of your position.
New-York tribune., 1921-01-03
Frisco Prior Lien As Well Secured

.. Question--Last August Invested in the
aP,s0Wins one nonds NIetory note at $3.50,
eral at s5Hs. one Erie prior lien at 5ol,
one lnternational Mercantile Marine 6 at
st G'e ona M'sSomri wn Pscifc general mortgage
NV NV weTss 1-ssv age Invested in 70 shares OF
have few thousand dollars to invest Next
month would appreciate criticism OF the
aooVe list as specul ative investment Are
81. LOUIS and San Francisco as. Series A,
d soou speculative Investment? How do
they compare with the 6s OF series c.
are a western Maryland As well occurred p
Answer-We regard your securities
as we'll selected for your purposes.
You probably realize that New Jersey
Llnc stock IS somewhat speculative
but the company has a long dividend
record and IS we'll managed. We re-
gard st. Louis & San Francisco prior
lien As per cent as we'll secured. The
prior hen per cents are secured by
the same mortgage. 1t all depends
upon whether you desire bond due
IN 1850 or In 1923. Western Maryland
4 per cents are secured by first lien, cut
the amount outstanding is large. We
do not regard them as entitled to a
very high rating. You might consider
Oenever & Rio Grande first 4 per cent
1886 and Rio Grande Western first 4
per cent 1889. These issues are first
liens and entitled to good rating.
New York State Railways Preferred
Question-Could YOU kindly give me any
Information regarding New York state
paid dividends since July /, l91s.-~A. l.. B,
Answer-The New York State Rail-
ways showed a cor siderable increase in
net income for the June, 1920, quarter
over the corresponding quarter of last
year. The figures were $1S3,007 and
SGT ,456, respectively This was at the
annual rate of 1891 per cent on the
preferred stock. against e.81 per cent
actually earned in 1919. The Ssptem-
ber 1920 quarter, while larger in oper-
ating revenue, showed falling off in
net income, which was Ss0,19 against
S132 ,805 for the September quarter in
1919. The company has been receiving
some increases in fares, which should
do much toward increasing revenue 1t
appears to US that the company should
manage to work out we'll. in view of the
lower costs OF operation which appear
sure to prevail We regard the pre-
ferred stock as worth holding.
Rating CT Three Preferred Issues
Question-Would you give Armour 6 Co.
per cent preferred stock the rating OF a
safe Investment or advise It's sale, and with
proceeds thereof purohaAe Standard Oh
Company Of New Jersey per cent pre-
fcrred American Car and Foundry Com
pany per cent preferred e A B.
Answer - We regard both Standard
Oil of New Jersey preferred and Amer
lean Car aud Foundry preferred as en-
titled to higher rating than Armour
& Co. preferred.
Why Swedish Bonds Declined
Question--I own Swedish goveramen
bonds Of the lal9-19Ss issue 6 per cert,
purcha sed at the first price. 9sA. Latest
New-York tribune., 1921-01-03

reports on these show 77a offered Do YOU
think these Will come back to any extent
before maturity? Is there any good reason
why substantial government bond as
above should drop so badly in eighteen
months since date of issue? Would you
advise purchasing one OF these at to- day 8
Uarket?-D H. P.
Answer-The Swedish government 6
per cent bonds have fallen in price
because they have had to conform to
the investment situation Bonds of
other nations Just as strong as Sweden
nave, since the Swedish per cent
bonds were issued. been foated on an
8 per cent basis, and have even fallen
below that figure. Your bonds at
present prices yield about S,28 FER
cent to maturity, thus conforming to
class.
New-York tribune., 1921-01-03
Financial Items

Stuart r. Reed formerly with Lee. Hig-
g!Rson 4 Co. is now associated with
xe4n. Taylor 4 Co. as r7anager OF their
bcld department.
Potter Bros Co. announce that Graf
toal H Pyne, member of the stock Ex-
eh4nge and formerly a partner in the firm
of Post Flagg. and Harold Fitzgerald
hasp Joined their firm as general partners
aa4 their limited partnership has been re-
eoAUisuted to continue under the same
arf1 name.
a meeting o. the Curb Stock and Bond
Asrkss Of New York, Inc, will be held at
4Bsayer Street tomorrow at p. m.
.ots the adoption OF the constitution, by
AHs ard the election OF officers. The
1snb<rs will be entertained after the
zset!ng BY the charter committee.
New-York tribune., 1921-01-03
Thinks the Water Is Fine

Question-Can you give me the name Of
practical work upon buying and selling
stocks in VIII Street, particularly upon
selling shortr It looks to me as If the
water is fine now and good time to get
in.-C. Y. r. s.
Answer--If yo, think the water is
fine you will have to get in without
our guidance. Selling short is not the
game for a novice. We hope you have
a good time, but our line is invest
ment and we do not try to guide the
spcculations Of those who honor us
with inquiries. Any of the public IL
braries viii supply you with books
on Wall Street.
New-York tribune., 1921-01-03
Rating CT Three Preferred Issues
Why Swedish Bonds Declined

Question--I own Swedish government
bonds Of the l9l9-l9Ss issue per cert
purchased at the first price. 99A. Latest
New-York tribune., 1921-01-03
Investment
Information

Questions Of general interest 70 in
Seftore tc'll DC aas1oeTed IN tAis cs3-
.'"n, IN ps'ch case only initials will
se xsed. Others ,cill Be answered BY
mn'l. Add-ess ell inquiries, inciss-
tns q stamped, addressed envciops. to
ttsnarcsal Editor, The Tribune. ISI
Nassea Street. New York City.
New-York tribune., 1921-01-03
r, r, T. Stock Speculative

Qusstion-Will you kindly tell me If
Brooklyn Rapid Transit is good invest =
ment at the present tlme?-S. S.
Answer Brooklyn Rapid Transit is
in receivership. Until the plans of re
organization are known the stock is a
lure speculation.
New-York tribune., 1921-01-03

Four fuil columns Of in.
restmeni questions ard on.
s,rers are published in The
Tribune every Sunday.
The Glasgow courier. [volume] (Glasgow, Mont.) 1913-current, 1921-04-22
ARBOR DAY TO Be
DULY OBSERVED
Governor Sets May Goth. As Date
Upon Which to Plant Trees
and Vines.

Tuesday, May 10, 1921, is declared
Arbor day in the proclamation OF
Governor Joseph NJ. Dixon issued last
Thursday. In his proclamation Gov
ernor Dixon said:
"Cheered by a prospect of a bene-
ficent year and imbued with a desire
to go forward with all the activities
that contribute to the making of a
great state and a worthy people, we
stand at the beginning of the season
of growth and productivity ready to
do our part in the task of building for
better and more enduring things. AS
a people we look with approval upon
the idea that prompted the setting
aside n day each year for the plant
ing of trees and intoxicating the
thought of conservation of u tim
Der and of identifying u
premises for the good of the whole
people.
"And l venture the hope that on
this day the people of Montana may
fittingly observe the occasion by the
planting of trees and vines and shrubs
in vacant places, remembering that
he who couses two trees to grow
where previously there was but n
is a benefactor to his community. Let
there be special exercises in u
schools. designated to impress the
young mind the very great value of
the idea that underlies the statute
creating Arbor day, and let us in
every possible way make of this an
occasion worthy Of the scheme and
of our people"
The Glasgow courier. [volume] (Glasgow, Mont.) 1913-current, 1921-04-22
WRITER'S OBSERVATIONS ON
AUTO TRAFFIC PROBLEMS

Standing at a busy street inter-
section at II o'clock on a recent
morning l counted seventeen unpun-
ished violations of the traffic rules
IN just two minutes by the watch.
During those two minutes thirty-one
machines passed my corner, or an av-
erage of about one every four Sec
onds, writes Bailey Willard in the
April Sunset. The first car in the
count was driven by a woman at not
less than thirty miles an hour, though
the law limited her to fifteen. She
did not slow up at the crossing and
she overlook and passed another driv-
er,s machine On the right or unlawful
side. Several of the drivers turned
the corners without putting out their
hands or showing other signals. One,
in making a right.hand turn, stuck
his hand straight eut instead of up
ward and at least five paid no heed
to the rule requiring them to let the
car ahead precede them by at least
fifteen feet. Two drivers were using
muffler cut-outs and their exhausts
were belching full blast. The last
driver of the tirty-one backed his car
in the traffic to park it beside the
curb and unlavfully held up the
whole line, as well as my count.
What wonder, with so many ex-
amples of unpublished traffice law in
fraction, the great wheel-spinning run
of motorists is tempted to drive as it
p%leases? Most drivers seem to pro-
coed upon the safe theory that the po-
lice can not be everywhere.
The Glasgow courier. [volume] (Glasgow, Mont.) 1913-current, 1921-04-22
THREE RECOMMENDED
FOR LAND OFFICE JOBS

Washington, April 14.-Joseph
Montgomery, of Lewiston, has beer
recommended by Representatives W
j. Mccormick and Carl w. Reddick,
of Montana, for appointment by Presi-
dent Harding to be receiver of the
United States land office at Lewis
town.
Other recommendations are Roy H.
Falls, of Havre, to be receiver of the
Havre land office and j.. H. Boiling,
of Miles City, to be receiver of the
Miles City land office. All of the
men have been prominent in the Re
publican party in Montana and took
an active part in the last campaign:
MI. Montgomery was chairman OF
the Fergus County Republican Central
committee during the last campaign
and was given much credit for swing
ing Fergus county safely into the Re
publican column. He has been a resi-
dent of Fergus county for 20 years
and is a veteran of the Spanish and
Philippine wars
The Glasgow courier. [volume] (Glasgow, Mont.) 1913-current, 1921-04-22
WEEKS MARKETS BEARISH

Quinn-Shepardson's market letter
for the week follows: Radical Bear
ishness had full sway during most of
the week. The sentiment was pre-
cipitated by the calamity threaten
ing Great Britain in the form of a
general strike. While the situation
is still critical. the cancellation of
strike orders by all Trade Unions ex-
cepting the miners has removed con
siderable apprehension. and from
most authorities rather sanguine pre-
dictions of settlement are now made.
New record low marks were made
in all grains in a wave of liquidation.
Crop news continued to be optimis-
tic with large promises of new Winter
Wheat, and this was another element
in creating the seasons low prices.
There was in fact nothing on which
prices could be advanced until Fri
day when the break occurred in the
general British strike and was fol-
lowed by freezing temperature in the
Southwest, u~nfavorable weather gen.
orally and the passage by Congress of
the emergency tariff bill which is de-
signed mainly as protection for farm
products.
No additional export sales of i'm
p~ortance are noted and from now on
it seems quite likely that with the
price of the large Wheat surplus of
Argentine unless there is an uneX-
pectedly large movement of u pres
ent farm reserves to Primary markets.
During the week the visible supply of
Wheat has decreased 446. 900 bushels.
The probability of final passage of
the tariff bill is having the effect of
increasing the Canadian Wheat i'm
ports here in anticipation of final rat
ification by the Senate, but there are
many who believe that eventually the
result of the act, should it become a
law, will stabilize if not materially
stimulate our domestic grain markets.
Some corn sales to Europe r re-
ported but the figures are still in
sufficient to cause any idea of a short
age, for visible stocks are still over
&c, 600. Oats are said to be some
what damaged by frosts in parts of
the Southwest and in Nebraska and
Iowa, and some fields were reseeded.
AS in corr however, the excessive sup
plies and prospective large carry over
to another crop dispel any idea of
higher prices except in a nominal way
following a possible upward reaction
in Wheat. Whether or not serious
damage to Winter Wheat will result
is not yet known, but to sustain pres
ent or higher values, we fear that
serious damage to the new crops will
have to devotion.
The Glasgow courier. [volume] (Glasgow, Mont.) 1913-current, 1921-04-22
STATE ASKS U.S..
FOR ROAD CHANGE.
Montana Highway Commission Would
Alter Red Tape Requirements
Want Regional Headquarters

Members of the state highway COM
mission in session Monday afternoon
discussed two big phases of change in
policy. One is to ask the federal bu-
reau of public roads to reconsider the
whole matter of bureau standards
with a view of introducing more econ
omy in the work and to reduce the
construction costs without affecting
the utility of the highways. The other
big question is that of providing for
five district engineers who will devote
almost their whole time to actual su-
pervision of construction work and to
reduce and consolidate the Helena dis
trict office into the only drafting room
for the entire commission. The plan
is to establish the district engineers
at Great Falls, Bozeman, Miles City,
Billings and Missoula. The Glasgow
district engineers office will not be
active again until the bond situation
in Valley and Phillips counties i'm
proves and permits more road work.
Confer With U. S. Man
The commission has asked T. M.
keene, of Missoula, district engineer
of the federal bureau of public roads,
to come to Helena Friday and take
up the question of new standards
for roads in Montana.
The commission also recommended
establishment of five district engin-
GERS. Making of plans and carrying
on other pre-construction work at dis
trict offices will be dispensed with.
The drafting rooms which were MAIN
tanned at three of these district offices
will be consolidated in the headquart-
ers of the commission in Helena, and
expenses will be materially reduced,
members of the commission said. This
system will relieve the district en-
gineers of many present duties and
permit them to give almost their en-
tire time to supervising actual n
struction work.
This plan will also reduce the num-
Der of persons between the district
engineer and the work in his district
and will give the commission a more
direct line on each project as it pro-
crosses.
Build Up Eastern District.
In view of the development of new
work in the eastern end of the state,
the commission proposes to designate
I"O duGlIlOIldl ulSlllCI ellSlIlteIS, OIle
at Bozeman and one at Miles City.
This will also more closely fix the re-
sponsibility and cut down the travel
expenses necessary in the old dis
~tricts, and instead give supervision
from the center of operations in each.
The plan of the district officers in
the future will be to move them as
required to new fields.
E ecutive Commissioner George w.
Lanstrum was at the meeting with
Commissioner H. A. Templeton of
Great Falls and John H. Edy, chief
engineer. Henry Good of Kalispell,
also a commissioner, was unable to at
tend the meeting because of an acct
dent which occurred a few days ago.
The Glasgow courier. [volume] (Glasgow, Mont.) 1913-current, 1921-04-22
BUSINESS MEN BOOST DAIRYING

Roundup. April 15.-At a special
meeting of the Roundup Commercial
club, President LANDER presented a
proposition, which, if successful, will
go far to relieve the distress among
the farmers in this section. Under
the plan suggested, 500 dairy cattle
will be purchased and shipped to
Roundup, where they will be sold at
cost to farmers who will agree to
ar" 70" them and raise the necessary
feed. Long time will be given and
payments made very small. The
money will be secured by a cattle
loan. secured by the cattle and also
by the business men of Roundup who
will be asked to pledge their credit
for this purpose.
Under the details of the plan. which
are now being worked out by the
committee, the risk will be very small
and it is expected that it will do more
to encourage diversified farming than
anything ever done here. If the first
venture is successful, the process will
be repeated as long as necessary I'M
til the country is we'll stocked with
dairy cattle. Pure bred sires will be
secured later and the stock graded
up. 1t is believed that a good grade
COW will be featured first and grad
ually worked into pure bred cattle.
Another meeting will be held next
week when the report of the com
mittee will be heard and the final de-
tails worked out. The bankers and
business men of the city are enthusi,
astic about the plan and give it their
unqualified approval.
The Glasgow courier. [volume] (Glasgow, Mont.) 1913-current, 1921-04-22
SALE OF EGGS REG
ULATED By NEW LAW

Bozeman, Mont. Estate College,
\ law enacted at the last session of
the legislature, House Bill No.. 800.
prohibits the sale in Montana of all
eggs unfit for food, provides that all
eggs from foreign countries must be
labeled when offered for sale and all
cold storage or preserved eggs shall
be marked as such.
with this law in force, Montana
will be the dumping ground for bad
eggs from other states,' says John
T. Ware. agent IN marketing for the
State College Extension Service.
This law places a premium on fresh
and aiding the farmer who produces
eggs"
According to Mr.. Ware, Chinese
eggs have been shipped at times to
Montana and sold in competition with
the local product. Also eggs that
could not be sold in other states be-
cause of INSPECTION laws have at time
been shipped TO Montana.
"Under House Bill No. 32O," says
Mr.. Ware, "the sale of cold storage
and foreign eggs is not prohibited
but such eggs must be marked plainly
in order that the consumer may know
what he is buving."
Section ) of the new law requires
that every retail or Wholesale mer-
chant or person buying or selling eggs
within the state, before offering eggs
fer sale shall candle the same and
when eggs are found to be unfit for
food shall not be offered for sale for
food purposes.
The Glasgow courier. [volume] (Glasgow, Mont.) 1913-current, 1921-04-22
FARM-TO-MARKET HIGHWAYS

The roads and legislative commit
tees of.the Illinois Agricultural asso-
citation have started on a definite pro-
gram to get more and better market
roads for Illinois. The association
favors the adoption of the patrol sys-
ten of maintaining roads on a large
scale. Farmers want good roads to
their markets and they want them
now. A trip to Wisconsin, studying
their patrol system of maintaining
roads reveals the fact that they SUI
pass Illinois and Iowa on good roads
and at less expense than we are
building a few miles of concrete roads.