davidaulloa/AmericanStories huggingface dataset:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-01-16
Woman Chooses Preferred Issues

ouestion-Would you kindly give me the
standing OF the following stocks for a
woman investor: Railway Steel Spring
preferred. Virginia Carolina Chemical pre-
ferred. Pressed Steel Car preferred and
Pennsylvania Railroad preferred? am
about to make purchase of ten shares
OF some one. If your Judgment would
advise others I'm glad to receive your
advice Are any OF these cumulative :?
Miss A. NJ. c.
Answer-The Pennsylvania Railroad
has only one class of stock, which, we
think, is rather too speculative for
your purposes. The three preferred
issues you mention are we'll secured,
lin our opinion. United States Steel
preferred and Standard Oil preferred,
both cumulative, are more conservative.
Choose one of them if you wish maxi
mum safety and are willing to concede
part Of your yield. Virginia Carolina
Chemical is cumulative to 8 per cent,
Pressed Steel Car is not cumulative,
and Railway Steel Spring is.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-01-16
Seeks News of Her Investment

Question: always read your column in
The Tribune. but never see any reference
to Lawrence Portland Cement stock
neither do I ever see anything about it in
any other paper What is your opinion OF
it? Is it az good an investment as New
York Telephone stock? 7 have Ave shares
of the cement stock and 1t always has
paid per cent. have some money to
invest now and do not know whether to
take more cement stock not, I only
have what I earn.-Miss X. r.
Answer-The Lawrence Portland Ce-
ment Company has a very fair divi-
dend record and it looks like good
concern, but it does not publish an in
come account, and therefore we cannot
say anything positive about it. Ameri-
can Telephone and Telegraph stock is
more readily marketable, yields more,
and is generally better suited for your
purposes, we think For one in your
position marke liability is an important
consideration. The New York Tele-
phone stock is all owned by the Amer
lean Telephone and Telegraph Com
pany.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-01-16
Britain Joins u. S. in Protest
Takes Exception TO Decision of


MEXICO CITY, Jan. 15.-Great Brit
ain has joined the United States in pre-
testing against the recent decision of
the Mexican Supreme Court in case
involving the ownership of the Naica
Mining Company. whose property is To-
Gated IN the State Of Chihuahua. The
British note was received through the
mails by the Foreign Office yesterday,
Its informal presentation being ex-
planned by the fact that Great Britain's
representatives here has no official
standing.
The Foreign Office has announced it
will answer both the British and United
States notes simultaneously 1t is UNI
derstood President Oregon has or
dered. special investigation of the
case in view Of the large investment
represented By the company.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-01-16
Chooses Fair Investments

Question-Will you Kindly inform me
when the dividends paid on the Beth
iehem steel per cent preferred stock i?
Also, how do you consider as safe in
vestment Hudson & Manhattan refunding
IS and Chicago. Milwaukee & st. Paul
convertible IS and AIS and Chicago. Mil
waukee & st. Paul refunding AVS, which,
understand, are legal for New York State
savings banks?-W. F.
Observation-Disclosures on the Bethlehem
Steel per cent stock are payable
quarterly beginning January 1. Hudson
Manhattan s per cent bonds are not
high grade, but earnings are ample to
care for interest. They are fairly we'll
secured and we regard them as safe
at present. While St. Paul bonds are
legal, it is only because the various
state legislatures have ruled that bonds
which have been legal shall remain
so during the Federal control of rail-
roads irrespective Of whether or not
they complied with the law. There
fore, St. Paul bonds are legal, due to
this ruling. The bonds you name are
fair Investments, but not high grade.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-01-16
Infallibility Is Hard ia Find

Question-Please advise as 70 standing
Of John Muir Company. 81 Broadway, New
York. This. firm is acting my brokers
and is giving satisfactory service, but I
note that some firms closing up, so
would be pleased to have your opinion
I. r. T.
Answer-John Muir e. Co. are men,
bers Of the New York Stock Exchange.
On account Of the rules and safeguards
under which the exchange operates we
believe its members are trustworthy.
We have no means Of telling if there
arc to be disasters among brokers
which ones will be affected. None is
infallible. If you are going to be
nervous about such matters you had
better get out of the market. We see
no cause for concern.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-01-16
Security of Short Term Issues


Question--Will you answer the following
questions as to what is behind each issue
and say if you consider them safe,
Dodge Railroad Company first per cent
gold bonds, due January. 1895; price. $40.
Does that mean per 800 bond? Southern
Railway Company 6. due 1922: Baltimore
Northern Pacific. Great Northern Joint 4
Co. per cent; Sinclair Consolidated Oil
Company ~, due 1925; Columbia GRAPHIC
phone Company S per cent, due 1925.
Answer-Des Moines & Fort Dodge
first per cent bonds are guaranteed
by the Minneapolis & ST. Louis Railroad,
but as the latter is not strong cor
poration, the guaranty is not sufficient
to give the bond good rating. 1t is
a first lien on 1882 miles, from Ruth
ven to Des Moines and branches. The
issue is s3,072,000. The price of 40
is 40 per cent of 81 900 or $500. That
is the only denomination in which the
bonds are issued. Southern Railway 6
per cent notes due March /, 1929, are
secured by pledge of $43,5O0,000 general
4 per cent bonds. The issue is $780,
100000. What form the retinancing will
take we cannot attempt to say. 1t
is very likely that the railroad re-
volving fund will take care of the issue
dC IHdIuIlIy. we regard tHe pOnu as u
very fair short term investment. North
Burlington & Quincy collateral per
cent due July 1, 1921, of which there
are $215, 227,000, are secured by $1O7,-
613,5O0 stock>of the Chicago, Burlington
Quincy Railroad, upon which regular
dividends of per cent are paid. The
bonds are guaranteed by both the North
ern Pacific and the Great Northern, and
each road has bonds for refunding pur-
poses. We regard the issue as a sound
one. Sears, Roebuck {; Co. z per cent
notes are due $16,5O0,0OO each October
Is, 1921 and 1922, and $1700O,O0O Octo-
Der s, 1923. They are direct obligation
but are not secured by mortgage. The
company is strong one and the notes
are sound, in our opinion. Sinclair Con-
solidated Oil Corporation ~ per cent
notes due May Is, 1925, Of which there
are $5O,O00,0O0, are secured by pledge
Of all capital stocks and other securi-
ties of subsidiary companies. The bonds
are convertible at any time up to thirty
days before maturity on the following
basis: Each 1000 note to be exchange
able for 10 shares (par 5000 per
cent cumulative preferred stocks and
2H shares common stock Of no par
value. We regard the notes as secure
on the basis of the company's record
and earnings. Baltimore & Ohio South
western Division first BIZ per cent due
July l, 1925, of which there are $44,-
s4O,98O, are secured by first collateral
lien on 920.55 miles of road We regard
them as sound. Columbia Graphophone
Manufacturing Company per cent
notes due August /, 1925, of which there
are $6,OOO,0O0, are not secured by mort
gage, but the company has shown good
earnings and the notes are entitled to a
very fair rating, in our opinion.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-01-16
Bonds Better Than Common Stock

corning an investment in the Following
Swift & Co, United Fruit, Tide Water OIL,
s United , cigar Company, Delaware Hud
stocks notice that the Delaware & Hud
son Railroad has applied to issue new
stock to pay for bonds about to come due.
How would that affect an investment .
IN what order would you classify the fol-
lowing bonds and what Is their rating
auesne Light S.. Armour & CO. Is? Would
you consider the bonds better investment
than in the above named stocks?-J. M. G.
Answer-While all the stocks you
name are those of sound corporations,
we regard them as speculative, neverthe-
less. Such issues are sensitive to earn
ings and other developments. While the
Delaware & Hudson reduces its fixed
charges by issuing stock to meet its
maturing obligations, the amount neces-
sary for dividends also increases. How
ever, 1t releases certain mortgages. thus
placing the stock in no less advanta 1eous
position. We believe you would be bet
ter of to purchase good bonds or ses-
soned preferred stocks. Any of the
bonds you name is suitable for your
purpose. General Electric s per cent
come first, followed by Armour & Co. =
per cent, Heinz & Co. per cent, and
Duquesne Light 6 per cent. You might
also consider United States Steel 2 Der
cent preferred, Standard Oil Der cent
preferred and American Tobacco per
cent preferred.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-01-16
Wisdom Hard to Determine

Qucst!on--Please tell me whether these
two enterprises are honestly and wisely
conducted and desirable to purchase stock
In: Urban Motion Picture Industries, Inc
Masonic Building, II West Twenty third
Street, New York. (Preferred stock at $25
a share. with bonus OF conlmon). Hart
OIL Corporation.--A. NJ S.
Answer-We are usually not in a
position to tell whether enterprises are
honestly and wisely" conducted. 1t is
too large an order. To determine
those factors would require the powers
of a father confessor and the knowl-
edge of several corps of engineers.
But both the concerns you mention en-
JOY good regulations. The stocks, how
ever, are speculative, the Hart Oil espe-
cilly so.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-01-16
Speculative Bonds on Part Payment

0uestiorr-For some time 7 have been
as,cccumulatlnE on the partial payment plan
recently mentioned were rather specu-
lative. While understand there is an ele-
mont OF risk connected with these bonds
Is not the road doing we'll under the new
rates and Is not the dividend reasona bly,
safe al present? Also would you class the
income IS as business mans investment
think of Interborough Rapid Transit S.
which appear to enjoy an active market :?
Is there any prospect OF dividends being
paid? believe the public utilities viii
gradually return to normal and that bonds
such as this should be greatly enhanced
in value.-C. J. NJ
Answer-St. Louis & San Francisco
adjustment per cent bonds are not
high grade. The road, based upon the
latest reports, is earning all interest
charges, including the per cent on
the income bonds. The adjustment
bonds are a very fair speculative in
vestment, but the issue is far enough
from the rails to make it sensitive to
earnings. The income per cent bonds
are naturally more speculative. Inter
est on this issue is payable only if
earned, and is non-cumulative. We re-
gard them as speculative The Inter-
borough Rapid Transit bonds have
never defaulted. However, interest on
them has not been earned, the companv
having been forced to sell real estate
and to borrow money in order to make
payments. We are of the opinion that
the traction situation has seen its
worst times. Operating expenses
should decrease, although we see no
immediate prospects of an increase in
fares. We regard this bond as a very
tar speculative investment
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-01-16
Woman Holds Good List

Question: have made the following In
vestments WIZ you kindly let mo know
whether you consider them all safe, and,
II not, which ones you think should be
changed. because I am depending solely
o., the dividends, which receive from
fferred. United Shoe Machinery common,
New York and New Jersey Telephone bond
1870, Standa I'd OH preferred, American
Agricultural preferred American Srnelting
and Refining preferred. Bethlehem Steel
per cent preferred. United States Steel pre-
ferred, and New Jersey Enc preferreds-
MISS NJ ]. G.
Answer-Your list Of Investments ap-
pears to us to be sound United Shoe
Machinery has long dividend rec
ord, but it is perhaps more speculative
that the others because it is more SEN
sitive to earnings and other develop
ments. Altogether, however, your
stocks are good investments, in our
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-01-16

Question--what percentage OF safety
has man who puts his savings In the
form of coupon bonds or bonds registcred
az to principal only in box In a safety
vault? In spite OF the extreme precau-
tons takcr against external attack. 1t
must be patent to most patrons that they
are not altogether free from danger from
dishonesty from Employee inside. II ono
is robbed from the INSIDE no has not oven
An appeal to tho courts. since no would be
lone witness az to what he put into the
oox. Is there airy literature on the sub
bond each OF the Kansas City Power and
Light Company, first and retunding mort
gage twenty-year per cent. series A. and
the b. u. & r. knight. Inc. first mortgage
ten-year per cent sinking fund bonds
VIII you be good enough to give mo your
estimate of these bonds. which bought
solely with tho idea OF investment?--G
G.. j.
Answer-If, as you say, you are afraid
Of being robbed when inside safety
deposit vault, you are hereby awarded
the prize for the most cautious in
weston, Scotch or otherwise, who has
written to us SO far. The prize is a
handsomely chased aquameter, which
will detect water with equal positive
ness in stocks, spirits or dust. Be that
as it may. We thank you for your re-
freshing letter. We get so many
yodels for help from our friends who
have been leaping from crag to csag
among the oils and mines that we are
glad to find one who errs on the side
of keeping close to the ground. Your
two bonds are safe, we believe.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-01-16
Wants to Switch for Higher Yield

Question--At present I hold the follow
ing stocks and bonds. viz: $1,000 New
York Gas, Electric Light. Heat and Power
Co first mortgage, 194S, per cent: 81, 600
Oregon Railway and Navigation Company
mortgage, 1916, per cent $1,000 Read
Ing Jersey Central collateral, 1851, PEI
cent; $1,000 st. Louis Cairo mobile &
Ohio) mortgage, 1881, per cent, and 900
Pullman. Could you give me any informa-
tion regarding switching some of the above
bonds SO that I may increase the amount
OF interest without sacrificing too much
security ?E. f. G..
Answer--Your bonds are very good
investments. 1t is possible, of course,
to change your securities for those of
fering higher yields, but in doing so,
you would likely place yourself upon
less sound basis. 1t is our opinion
that bonds selling at n considerable
discount are the most desirable form
OF investment. When money rates re-
turn toward normal such issues should
enjoy good rise. The following bonds
are, in our opinion, sound investments.
1t might be possible to make a change
without materially affecting your prin-
cipal: Denver & Rio Grande first 4
per cent 1886; Rio Grande Western
first 4 per cent 1889; Chesapeake g.
Ohio general Az per cent 1892, and
St. Louis~San francisco prior lien 4
per cent 1850 While Pullman stock
is more or less sensitive to earnings
and other developments, it has q long
dividend recordy and we regard it as
a good investment for business man.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-01-16
Seeks Bonds in 1900 Piece.

ouestion-Lct mo know whether you CON
sider the following honda az fair Invest
ments; Baltimore & Ohio Pittsburgh, Lake
n Eric West virginia pei. cent. Denver g.
prior lien per cent. Missouri Pacific gen
eral per cent. Western Maryland 4 per
cent; also ore these bonds Issued In $500
denominations? ] have about $1,000 to in
bond OF each issue, Should any OF these
bonds not be issued in $500 units. would
you be so kind an to suggest some other
$500 bonds ?--J. r Il.
Answer--Of the bonds you name we
regard the Denver per cent as the
best secured, followed by Baltimore &
Ohio-Pittsburgh, Lake Erie & West
Virginia per cent, with the other
three about equal. With the exception
of the Denver bonds, snone are issued
in $500 denominations. The following
may be purchased in $500 pieces: St.
Louis & San Francisco prior lien 4
per cent, 1850; Baltimore & Ohio first
4 per cent. 1913; Chicago, Milwaukee
& st. Paul general refunding converti-
Bile . per cent 2014; Big Four deben-
turc Az per cent, 1881.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-01-16
His Preferred Selections Sound

Question-Kindiy write me what you
think of United states Rubber preferred,
Standard Oil Of New Jersey preferred, IN
ternational Harvester preferred. United
States Steel preferred. AS an investme MT
which would you prefer ii. D. v
Answer-We regard all the preferred
stocks you mention as sound. We pre-
fer either United States Steel preferred
or Standard Oil preferred, as they COM
mand the best markets. Standard Oil
preferred is callable and Steel is not,
which is an advantage in favor of Steel.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-01-16
Borrowing on Life Insurance Policies

Question: have paid up life insurance
that has loan cagh value. Would you
advise borrowing or caehing this In and
purchasing stocks or bonds? l am receiv-
ing very small income from this policy
and you know about what they pay. Would
like to enjoy sou1d income from above If
possible, but wish investment secured. Are
there any short term bonds?- &C. H. c. F.
Answer-A life insurance policy is
just what the term implies-insurance
OH ones life. If you cash in your pol
icy you no longer have life insurance.
AS for borrowing on your policy, that
is matter upon which we cannot ad-
wise YOU There are many sound short
term securities which return good
yields. Among them are Aluminium
Company Of America 6 per cent, March,
1922, yield 8.95 per cent; Armour T. Co.
6 per cent, June is, 1922, yield $50 per
cent; Great Atlantic and Pacific Tea
Company g per cent, June l, 1921, yield
TIA per cent, and St. Paul Union Depot
57a per cent, December Is, 1923, yield
7 per cent.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-01-16
Advised to Buy Oil Stock

Question-Some time ago purchased
some Dunn Petroleum Corporation on
stock. which was later changed to or
merged with the Meridian Petroleum Cor
poration- Having been advi.ed to pur-
chase more While It IS low and having no
you give me any Information regarding the
company or its prospects?-A. NJ
Answer-Dunn Petroleum is a highly
speculative oil stock. We do not ad
wise you to 60 into it any deeper.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-01-16
Invest ment Information

Qwestions Of general sntcrest 70 g.
sestovs will b s.assoereda IN this 49,
NNsn, in ohirh case only instials viii
% used. Others sUitl b answered bx
mail. Address all inquiries, inclse-
iwS stamped, addressed enUelops, to
Esmsnciai Editsr, The Tribune, ass
NGssau Street, Nc,p York City.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-01-16
Standard Gas & Electric Preferred

Question: own twenty shares of Stand.
ard Gas & Electric preferred stock for
which / paid Sal a share. 1t is now
quoted at 3o-3s at which price l would
that at the present level the dividend yield
is approximately IL per cent. This stock
pays per cent on the par value OF $50
Messrs. III. NJ. Byllesby e. Co., at III
Broadway, state that the business OF the
company is increasing. which in my opin-
ion would warrant maintaining the pres
ent dividend rate. WIN you give me your
opinion as to whether / should acquire
additional shares OF the stock TT. e. F.
Answer-The Standard Gas & Elec-
trio Company has shown increased
earnings of late. The dividend on
the preferred stock appears to be safe.
We regard 1t IS fair investment.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-01-16
Workingman to Invest $4,000

Question: am a workingman, in the
oodworking line. The work In this line
Is uncertain. but I have saved about 81
500. 49, 900 Of which have thought OF In
vesting In Prudence bonds of the Realty
Associates Investment Corporation. Will
to a man Of my small means?--V. E. B.
Answer-In our opinion the Prudence
bonds, secured by first mortgages. are
safe investment. With the remainder
of your capital you might buy about
twenty shares of American Bank Note
preferred stock (par $500. Do not
overlook Liberty Bonds.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-01-16
American Can Not an Investment

Question purchased recently some
common shares of American Can, partly
as an investment and partly as specula
ton Why do these not pay dividends?
Is the company considered strong? I un.
derstand that last year 1t earned s12 q
share over all liabilities. I have about
$500 which wish to invest, with q return
sveraging about per cent: A little higher
yield would not be Objectionable If safety
were combined with It, What would YOU
suggest in preferred stocks?-E. G.
Answer-We do not see how you
could figure American Can common
stock as an investment. 1t pays no
dividends and never has. Earnings
were good during the war period and
Immediately after, but we do not look
for dividends for some time. Most
corporations have been conserving cash,
due to the uncertainty of business.
You might consider the following pre-
ferred stocks, all returning over per
cent: American Steel Foundries, Tobac-
co Products, United States Rubber,
American Agricultural Chemical and
Virginia-Carolina Chemical.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-01-16
Dividends Not in Jeopardy

Question-Is Virginia Carolina Chemica
preferred all right? see 1t has declined
somewhat. presume because Of the new
financing. How about Central Leather
preferred, which has paid ita dividends for
its inventory LOSSES endangered it's diri-
dends?-H. NJ. NJ
Answer--We have been going through
period of reconstruction. This has
caused unsettlement throughout the
country. Many corporations have
marked down their inventories and
others have had to raise new capital.
We regard both Virginia. Carolina
Chemical preferred and Central Leather
preferred as good investments. We do
not regard either dividends as being
in jeopardy