davidaulloa/AmericanStories huggingface dataset:
New-York tribune., 1921-06-12
Youth Starts With S1oo Bonds

9uestion-I am twenty-one years old
and started in January of this wear to in
1sest my savings in bonds. Since then T
nave, ra,, pought the following 500 pieces
Iuuehce. Bonds first mortgage collateral
series SER per cent. 1890; Anaconda Cop
PER hihlng company ten-year secured gold
POND, series Is, per cent, 1929. at 93H :
Straus Building first mortgage seria, - p6}id d !
pona. per cent, 1910; Lord Drydock Cor
poration first mortgage serial gold bond 3
per cent, 1882; Northern Pacifc- Great
Northern hfteen-year convertible poI5
pond 12 per cent. 1896. at 961a; Kansas
Sity Power and Light Company first and
re1undlng mortgage twenty-year sold
pona, series a. per cent, 1910; Empire
t Listrlct Electric Company first lien and
general mortgage gold bond, 3 per cent
1919 | bought all these at par excentjn :. :.
Two Two. l 1uily realize that 500 bonds are
generally not readily marketabIe and +hs
Soihe OF the above are not marketabla In
aSly denomination, but 1T Is not necessary
LOT me to consider that matter. q ~
nlosl r. interested in security, with good yield
ap api aohs term DO you consider any Of tho
above lnsuficiently secure for rne9 ~
considering a $500 par value st. 1.onis an n
San San francisco prior lien 4 per cent of IoEN
--R. C. X. WISE choice :!
Answer-Yes, the st. Louis, San
francisco prior lien 4s are a good in
vestment for your purposes. Thei+
security in the long run is rood and
you could face an interruption of in
terest payments, if necessary, without
Incompetence. All of the bonds on
your list are at least reasonably we'll
secured. "e'i
New-York tribune., 1921-06-12
Doesn't Like Friendly Tins

Question: have $500 in Liberty bond,
Ssome Of all issues) and have $1,000 in
cash, II I buy another Liberty bond il
seems [ get very little income from so
900. would appreciate your advice, as
am skeptical about friendly tips" Safety
comes hrst and interest second, as this
IS all possess.-Afiss C. T. G.
Answer-We suggest two bonds be-
tween which you may choose for tbs
investment of your $1,000, either OF
whlch would be safe and give you q
better yield than Liberty bonds: Cana.
dian Northern Railway debenture !
per cent 1910, to yield little less
than per cent (this bond is NOT
cailable until 1885 and is guaranteed
principal and interest. by the Canadian
goverhment) and the new Northern
Paclfic-Great Northern 6Aa per cent
convertible bonds, which are selling to
yield about 67s per cent. 1t is a sound
lssse, we thinks and has attractive con-
vertible features.
New-York tribune., 1921-06-12
VIII Invest $1,000 for Mother

Questlon-My mother Is considering n-
vesting $i.00o from the sale OF her house
estate first mortgage gold bonds OF the @.
Il. Miller Company, Atlanta. These pay
per cent. They claim they can pay per
cent. where Straus Company. OF New
York, In simiar plan pays per cent
The plan seems to be thoroughly safe
Euarded. But Why per cent With one and
| opinion OF such honds2 She wants to put
the rest into bonds paying Z per cent to
per cent III secure and sound Investments
| can be made to net that Would you not
| prefer. other things being equal, to put
money into sensoned bonds, even though
\ paving only 5 per cent, which are obtain
| bio at a price to net per cent to per
cent now and with the nddltiaSal amount
! to be acquired when they are paid UP at
| par? On the other hand, she has been ad-
! vised that some OF the new bonds were
very good, such as the Oklahoma Gas and
! mortgage z u gold bonds. also the bonds
| Of the New England Oil Refining Company.
| She wants the highest yield consistent
with safety What ia your opinion OF In
ternational Mercantile Marine preferred,
Standard Motors and inspiration Copper?
Answer-New York City real estate,
II we'll located, is not subject to as
violent tuctuation III price as is that
of the smaller cities For this reason
the Atlanta bonds, secured presumably
on Atlanta real estate, are considered
to have somewhat more speculative
element about them. Therefore the 7
per cent instead Of per cent. We
consider such bonds good investment,
but would prefer to know something
about the real estate on which it is
secured and something about real
estate conditions in the city in which
the property lies We think highly Of
some of the older seasoned bonds, with
R or per cent coupon rate and
selling at a considerable discount.
Virginian Railway first IS, due 1862,
recently selling around so, yielding
6.10 per cent current interest, and with
18 points margin between face and
market value Southern Pacific Central
Pacific A per cent bonds, due 1949, re
Gently selling at about 50, yielding $40
per cent if held to maturity, are, in our
opinion, a good investment So are
also the Union Pacific convertible 4s,
due 1927, on which the conversion
privilege has expired. They yield 7.31
per cent if held till maturity Norfolk
& Western convertible As, due 1882, re
Gently selling at rs, yielding 1888 per
cent if held till maturity, are a we'll
seasoned bond of a strong railroad
company and are a good investment.
We would not advise you to buy either
international Merca antile Marine pre-
ferred, Standard Motors or Inspiration
Copper for your mother.
New-York tribune., 1921-06-12
Steel Activity i'm Austria

Orders for Austrian steel are on
hand sufficient to insure operation for
some time, according to a report from
Vienna. Part of the production is GO
ing to Jugo-slavia, Italy, China and
South America. Some of the works are
investing large amounts in building
houses for their worKmen, in develop
ing water power and electrifying their
works. The purchase by the German
SHINES group of large interest in the
Alpine Montangesellscha has enabled
the company TO procure a supply OF
coke. 1t has started a second blast
furnace and expects soon to have a
third in operation. The company re-
Gently declared, after liberal reserva-
tions, dividend of % per cent.
New-York tribune., 1921-06-12
Wants So Per Cent on His Money

question = have $4,000 Chile Coppee
collateral per cent bought at 761s which
l am told is somewhat speculative. Would
you ADVISE me to keep them, or can you
suggest some other security to produce
about Sis per cent? f, L.
Answer-f you demand as high as
oS per cent interest you would be
forced to accept something with some
speculative risk to it and that being
the case your Chile Copper bonds are
about as good as anything you would
be likely to get. If you are willing to
take . per cent we would suggest the
Kingdom of Denmark SIS, due 1Y45, re-
Gently selling just under par. Cities
Service s per cent preferred, at about
64. yields "a per cent. Dividends are
pelng earned several times over.
New-York tribune., 1921-06-12
Brooklyn Manufacturers
Plan Annual Exhibit

The first of what will be an annual
exhibit of the manufactured wares OF
Brooklyn viii be held in the 2sd Regi
ment Armory ten days, beginning Jan
uary Is. 1922, under the auspices Of
the Brooklyn Manufacturers Industrial
Exposition, for which application for
incorporation was made last week.
The newly formed body, in coopera-
ton with the Manufacturers Council
of the Brooklyn Chamber Of Commerce.
the Brooklyn Rotary Club, the Brook
iyn Engineers Club and other repre-
sentative commercial bodies, expects
to stage the annual exhibit on larger
scale than any hitherto attempted.
The directors of the corporation as
contained in the application are: VII
liam H. Todd, the Robins Dry Dock
Corporation; Fl. H. Doehler, Doehier
Dis Casting Company; Russell ]. Per
rlne, johnson Bros; Fl. L. Kenyon, =.
Kenyon Co.; George w. Baker, George
". Baker Shoe Co.; Arthur w. Drake
Brooklyn Rotary Club; w. T. ChevalleIr'
Brooklyn Engineers Club, ard !: l.
Jones, Brooklyn Edison Company. Inc.
These directors will meet and elees
officers this week.
To guarantee the financial success o.
the exposition an underwriting tunc
has been established already sufficient
80 assure an exposition of large proper
tions. The subscribers TO the under
writing fund are as follows:
Brooklyn Trust Company, Manufae-
turers Trust Company, Mechanics BsnS'
Nassau National Bank of Brook,yn'
Peoples Trust Company, Adriance Ma.
chine Works, Inc; American Machine
and Foundry Company. George ".
Baker Shoe Company, Brooklyn Edisoa
Company, Inc; f. W. Bliss Company,
Brooklyn Union Gas Company, Cross
AusNn & Ireland Lumber Company
Doehler Die Casting Company, Eng
lander Spring Bed Company, Eoerhafa.
Faper, Robert Gair Company, Helmle
Corbett, Johnson Brothers, Julius nay
ser & Co, Knox Hat Company, Kenyon
Company Merse Dry Dock and Repan
Company, SehaefYer & Budenesrg MAn-
ufleturing Company, A. SchraaeIl
Sons, Inc; Taylor & Co.. Inc; ious
Shipyard Corporation and Georse
Weidsrman Electric Company
New-York tribune., 1921-06-12
Philippine Trade Drops

Exports to the Philippines during
April show continuation of the de-
cline beginning in February. The ex-
port of $9,152,l61 in January fell to
ST,040,364 in February, to S4,6o2 ,94s IN
March, and S2,859,o31 in April. These
figures for the four months would
show trade for the year 1921 of only
two-thirds the $99,830,055 exports to
the Philippines in 1920. Gasoline.
cigarettes, wrought pipes and fittings,
lubricating oil, galvanized sheets and
plates, condensed milk. passenger auto
mobiles, sewing machines and steel
rails all showed the effect of the gen
eral decline. Only one item, illuminat-
ing oil, showed large increase, al
though Aewsprint paper and wheat
-four gained over the preceding month
New-York tribune., 1921-06-12
Cities Service Co.
Dividend i'm Scrip;
Decline i'm Stocks
Change i'm Policy Laid to the
Demoralized Condition
of the Oil Industry;
See Hope for Recovery

Directors of the Cities Service Com
pany, upon the recommendation of
Henry L. Doherty, president, voted
that payment of all dividends at the
prevailing rates be made in scrip in
stead of in cash and stock. Mr..
Eoherty in statement to the board
said that his recommendation was
based on the present demoralized con-
dition of the oil industry and chat
the present is the time when all oil
corporations should conserve to the
greatest possible extent not only their
cash resources, but their oil resources
as we'll" By the issue of scrip div
idends Mr.. Doherty said that stock
holders who depend on their dividends
fer income would be enabled to obtain
funds at such price as the dividend
scrip commands in the market. Fol-
lowing the announcement of the COM
pany's new dividend policy there was
bad break in the common stock on
the curb market yesterday. From an
opening of 180 there was decline to
140, with the last sale at 145.
Mr. Doherty, in his statement to the
Cities Service directors, said that he
has been working for weeks to induce
the principal factors in the oil bust
ness TO agree upon plans and execu-
tive corrective measures to care for
the present excess of supplies and to
provide for any future shortage 'It
had seemed to me unthinkable," he
added. that the oil industry would al
low this situation ever to reach the
present acute stage without adopting
measures to take care OF it, but finan-
cial and legal difficulties have seemed
nsnrmountaole. even to the. officers
OF the coEnnallins with seaminnl.. u o
New-York tribune., 1921-06-12

Wonders Where Some Salary Has Coma

r. Question: do not see the Semet Solvav
o.o'mpany quoted. What is its stock worth :?
Also the Radio Corporation of America
IS ihls stock good buy? Have been
advised to buy heavily of the Marconi'
wireless Telegraph Company of England
tparent company preferred stock. Do
you know anything of the johnson on
Company of Stevens County, Texas. and
OF thurman Oil of Okmulgee County, Okla
homa ?-(Mrs) A L.
Answer--The reason you do not see
Semet Solvay stock quoted any more
is because this company has been
merged with the Allied Chemical and
Dye Corporation. The other stocks are
too speculative for us to advise you
about their purchase or sale.
New-York tribune., 1921-06-12
Man of rs TO Add to Good HOLDINGS

Question-I have client who holds the
Ssscurltles | will describe below. Ho lives
nov ,%' gey or the income Of them. as he is
ao a'oW rseEenty-hve years old and past his
actlVe earning age. I have advised him in
me ne matter of his investments for a long
!lne and with reference especially to 1ho
investments described below so fhat o1n
an%lous adioi' to see that he comes out Veil The
SGo $GGGuridies nd6 Is, he holds arc the following
NIIN,UuV m Iafm mortgage notes; Sl2 roo in
mountain States Telephone stock. ss onn
IN Danish consolidated S. due 1910. S} o00
due N1GWay 1aso Ss d due 1870; $4,000 in swiss S.,
49, roe ls4ui ai $1,000 in United States Rubber
Wo,' V0,Gs' ! 12 1900 in National City Bank, New
toha sstoch 5000 In Province of Mani
notes 81 $500 G9 n first In lg29 sSGo 500 in Victory
SeH'na 81 nd $1oo in fourth Liberty loan bonds
% @d,ooo in LOCAL bank stock This man viii
soon soon nave nave $1,000 to invest. and | viii he
ky glad If you will suggest something
~ ~ YOU think would ft in with the iisf
80 nooNe gwen. He wants the very highest
viii 81 sa flHrerest ne can obtain. consistent
Nm Nm salety' | am inclined to advise this
otient 70 ifFVest in some of the better elias
III, comm I1 on stock such, for instance, as
and United States Paper Bar To,nnan1 neri,c
", you = you consider that advisable * =
W., Colorado "a y
Answer-About the only criticism
we have to offer of your clients in
vestment is the fact that you have got
MN to put about one-third of his total
capital in the Mountain Telephone
stock. However, it is an American
Telephone and Telegraph subsidiary
and you probably know more about the
company than we do. If you think the
STOCK IS safe enough for a man of
SseVenty-flve, it is probably all right.
You have no railroad bonds on the list
ana we suggest that you choose one or
TWO high grade ones for the $4,000
which is soon to be invested. We sug-
gest the Canadian Northern per cent
debenture 1910, which is not callable
until 1885 and yields nearly per cent,
and the new Northern Pacific Great
Northern 61a per cent bond, which has
attractive features. We assume that
you are sure of the safety of the
money your client has in farm mort
cages. He can get higher yield from
an annuity (about II per cent with
satety) than from any other invest
ment that we knoW of, but of course
his principal would be extingushed at
his death.
New-York tribune., 1921-06-12
Standard Oil of Indiana

Question--What is your opinion OF stand
ard OIL of Indiana common stock as a
business mans investment and how does
the present price compare with the high
and low of last year ard this year Please
also advise the dividend in dollars paid
by the company on this particular stock.
Wtll you also please give me your opinion
as business mans investment of Amer
lean Power and Light Company twenty
year per cent secured gold bonds dated
May 2, 1921?--J. w. P.
Answer Standard Oil of Indiana
common stock, par value S25, was re-
Gently selling at 67A The range for
1921 has been high 771a, low 66A. For
1920 it was rs and Sd, and for the old
stock of 500 par value, the range was
480 and 260. For 1919 it was $50 and
705. These quotations show that the
stock is highly speculative. In 1920
the company paid regular dividends of
IL per cent cash and extra dividends of
per cent in cash and an extra divi-
dend of $50 in stocks. From 1918 to
1919, inclusive, the cash regular diyi-
dend was II per cent and the extra
dividend was II per cent cash. The
present dividend rate is $4, or 16 per
cent year. We regard the American
Power and Light Company twenty-year
secured gold bonds as q good invest
ment.
New-York tribune., 1921-06-12

greatest resources. Had / realized that
no corrective steps would be taken by
the oil industry l would have recon-
mended this (dividend) policy at an
earlier date. However. from purely
selfish standpoint | think the greater
the generalization at this time the
greater will be the reaction and the
consequent benefit which will accrue
companies at later date,
New-York tribune., 1921-06-12

Questions Of general Interest to an
oestors tciH be aasseered IN this col
sn,n, an chich case only initials soili
be ased. Others aplll be amSmered By
mad address all Inquiries, inolos-
sRg stomped. addressed onoetope, to
Faaancial Editor, The T'a1bune. 154
Noss0N Street, Neao York Citu.
New-York tribune., 1921-06-12
Pushing Waists Urged

Greater newspaper space in adver-
tising women's hlouses to consumers
and more window display space de-
voted to waists are urged upon retail
ers in statement issued yesterday
by the United Waist League of
America. recent survey conducted
by the league shows, says the state
ment, that sales have been increased
by greater advertising and window
display. ~
New-York tribune., 1921-06-12
Stuck With Federal Adding Machine
CfnrIx

Question-During the latter part of 1919
i subscribed for twenty shares of stock of
the Federal Adding Machine Corporation,
on which I was to make five payments OF
$4o each. par value being $40 per share.
After having paid $3.50 I declined to make
turther payment owing to the condition
OF the corporation and tions
made to me when stock was sold | have
now requested stock to be issued for the
$3.50 paid In, but am informed that no
STOCK VIII be issued until subscription Is
pald up. Is their attitude correct? ? / con-
tend that I am entitled to sixteen shares
OF stock as value received for cash paid in.
Can they REQUIRE me to pay. the $40 bal
ance on the subscription and withhold is
suance of stock until such payment ia
made Il. II. H.
Answer--We are not sure. but YOU
probably signed the usual contract of
sale with the Federal Adding Machine
Co., and if that is so the company can
not be compelled to issue you a stock
for the money paid in. The preferred
stock is offered in the unliste1 market
at from so cents to $1.25 sha1e, which
makes $40, your last installment, look
like an expensive rate for twenty
shares. The mismanagement and waste
OF stockholders money in this promo
ton were scandal.
New-York tribune., 1921-06-12
London Money Market

LONDON, June 11.--Bar silver, S5A d
per ounce; bar gold, Ills, Money, 4
per cent. Discount rates Short bills,
51s per cent; three month bills, 5 a-16
per cent
The patriot. (Glenmora, La.) 1918-1955, 1921-05-06

That the following persons re.
ceived the number of votes set
opposite their, names for the off,
;es of Mayor, Marshal and Al.
lermen, TO witt
For Mayor, NJ. Quick 49,. 1876
/" +" DR.. L. w. Odom 13
The patriot. (Glenmora, La.) 1918-1955, 1921-05-06
TEAMS RETURN

The local school basket bal
teams and their chaperones,
coaches and friends returned
Saturday afternoon from Baton
Rouge. While our; teans~ did
not win any honor, yet they tho
roughly enjoyed the trip and
learned. something of the way
other schools are doing. Messrs
c. G.. Durham, c. J. Thayer OF
the faculty, EN-. and We. Prin.
gle and Mesdames Perry and
Poe accompanied the teams. Mr..
E. NJ. Pringle gave a banquet in
honor of-our teams and "Dink"
can tell you how to spear an olive
Ask Vera, Grace and Eucillehow
to get lost and find. themselves
in somebody back yard. S S;
I Mrs. Perry motored to- Bluff
Greek to visit her mother one
day while away en- the trip.
The patriot. (Glenmora, La.) 1918-1955, 1921-05-06

Sure tits going good! What
is it? The methodist Sunday
school. More than 100 persons
were present Sunday and yet
there is room for 100 more, We
will look for you next Sunday.
Miss Iva Shelby was out OF
school a few days this week on
account of a sprained knee.
The third chair was put in The
Crystal barber shop last week.
Ell. Farmer is now the sole
owner of the Pure Food Store,
he having bought out his part
uer's interest two weeks ago.;.
1t is reported that McNary
will put on night shift and that
the hardwood mill will probably
start up in about 80 days. We
hope these reports are true as
business would be helped by in,
creased work here.
The river road will soon be
completed, The grading crew
is at work in sight of town.
The infant of Mr.. and Mrs. A,
Nj. Crowder of Oakdale was .bu.
ried here Thursday afternoon
the 2sth. 1t lived only eight
days. Their many friends here
sympathize with them in their
loss and sorrow.
The Odd Fellows 102nd ami
versary at the Methodist Church
was not largely attended, but
was profitable to all present.
E. A. Andries was operated on
some few days ago. We trust
he will soon be able to be out
again.
The Lyceum number will be
tonight instead of last night as
was stated in last weeks Patriot.
Mrs. Dee Elliott visited, her
mother here Wednesday.
The patriot. (Glenmora, La.) 1918-1955, 1921-05-06
SCOUTS HELPED

Our citizens are showing a lib
eral spirit toward our local boy
scout movement. H. Meyer do
mated the funds for the tentSA j.
s. Gerson donated for other ex-
pensesaud L. NJ. Pringle has do
mated a truck to the scouts in
which to haul their camping out
fit. The scOutmaster and scouts
are very thankful to these gen.
tlemen for their help.
The troop committee is at
work for other funds to equip
the troop with athletic and.other
goods for their studies and sport
The patriot. (Glenmora, La.) 1918-1955, 1921-05-06
Local News

4sses Mary Britt and T'helus
StaIsbg or the Poland schoo
spent Saturday andFunday witt
relatives here.
A number of the young people
attended the dance in Oakdale
Friday night.
The camp Are girls and boy
scouts eachani0yed a hike last
week.
Prof. Avery, Superintendent
Of Education in Rapides Parish,
was here Tuesday.
Mrs. G. d. Turner and baby
Gwendolyn spent several days
at the F. P. Joseph home last
week.
Misses 'Maude Hogan and Dim.
ple'were Sunday;Risitors at the
G. A. Carruth home.
The local base ball team de-
feated.the Oakdale team with a
score of 10 to 5 Sunday afternoon
The patriot. (Glenmora, La.) 1918-1955, 1921-05-06
Bay wood High school.won the

haywood High School.won the
boys basket ball championship
of the state at the rally last week
Bay wood was your editors home
once. There he attended his
last school when it was Bethany
Academy. The property was
later given to the Parish school
board for public school purposes
Prof. Durham's home town
won the girls basket ball hOnors
Winusboro is thus on the map
with haywood in athletics.
The patriot. (Glenmora, La.) 1918-1955, 1921-05-06

The new Mayor, Nj. Quick,
and Board Of Aldermen were in.
stalled Tuesday evening to serve
the next two years:
r. Ii. Washburn's private car
house was burned last Friday
night. Itls-not known how the
fire originated but thellouse soon
burned.and- the still night saved
other houses nearby. Our peo-
responded quickly and did good
work:
The patriot. (Glenmora, La.) 1918-1955, 1921-05-06
ALL AT IT

| Throughout Southern Method
ism tbs Christian education mo
vement is making great headway
Enthusiastic reports of the
growing interest of our wealthy
members and the liberal offer
ings for the strengthening of our
educational institutions are
cheering.
Louisiana Methodism is alive
TO the needs of our two colleges,
Centenary at Shreveport and
Mansfield; and the prospects for
making them stronger than ever
lin their past history, are most
encouraging. In fact, Metho-
dism people are having a vision
of unparalleled prosperity for
these schools. Several offerings
of $l00, 900, SOC, 900 and $2o,O0U
and smaller amounts, are alrea-
dy known to have been made and
the campaign for funds in q
mouth of yet.
The marshaling Of the forces
of Methodism is now on and the
church at Glenmora will make
every effort to do it's share. "The
soul OF education is to educate
the soul" That is our business.
We need and must have strong
leadership; but We cannot expect
il il we fail to stand by our
schools. But we will stand by
them and the first Sunday in
June, we confidently expect, win
be the banner educational Sun.
day of Methodism.
The patriot. (Glenmora, La.) 1918-1955, 1921-05-06

FOR SALE One house with
two lots fenced. with wire fenc.
ing, good well of water, garden
and fruit trees just beginning to
bear, out houses one jersey
milch COW with heifer calf, $500.
90 cash or terms. Lots IL and
~ ia Ferguson Additions
G. d. MCGOWAN
Gienmora, La.