davidaulloa/AmericanStories huggingface dataset:
New-York tribune., 1921-01-23
Woman to Invest $4,000 More

= ouestion-I would appreciate your opin-
ION on the following. l am a working
woman. earning. over $1,000 year. and,
OF course, paying income tax on the
! have nay: Invested in Liberty bonds. Now {
$4,000 to invest Which should I pur-
chase, bonds, and pay the income tax on
the interest which / shall receive, pre-
lerred stocks, dividends of which no,
taxed? Ought / to allow the income tax
10 influence me at all in deciding? There
with my Investing. What stocks or what
bonds would you recommend. and why :?
Which company has the better rating,
Central Leather or United States Rubber?
Miss e. B. c.
Answer-We think you will make no
mistake in continuing to purchase
Liberty bonds. They are still very
low In price and should lead the way
when the bond market moves upward
However, there are some sound pre-
ferred stocks which offer good invest
ment opportunities. Of these we pre-
fer United States Steel per cent,
Standard Oil of New Jersey per cent
American Tobacco per cent, American
Bank Note 6 per cent (par $500. These
stocks are as sound as many bonds
We think you would be safe. in pur-
chasing them. We prefer Central
Leather preferred to United States
Rubber preferred. We cannot say how
important the income tax matter is to
YOU, for We do not know how heavy
it is in your case.
New-York tribune., 1921-01-23
Black Panther's Claws Still Sharp

.Question-An age.-t OF the Black Panther
Oil and Refining Corporation. OF WilIning
tani tsS,, Pei; with offices on Spruce Street
Luzerne counties. Pennsylvania. selling
stock In this concern at $40 per share.
making financial promises that outdo Ponzi.
Some foolish women relatives of mine have
secured second mortgage ON their homo
to put 81. 900 into 1t. and know Of scrub
woman woman who invested. $500, a life savings.
Will you please give the undersigned
reader Is,s your opinion OF this corporation? !?
IL watch your columns daily, that may
possibly save a few dollars for deserving
but foolish ndivduals.-F p =.
Answer-We have mentioned Black
Panther before. Six dollars share
is the price at which Black Panther
OIL and Gas Company stock is
offered in New York, so your women
relatives, unfortunately are out 40
per cent before they pay the first in
terest on the second mortgage which
bought the stock for them. The scrub
woman will have to toll quite while
to make up her loss. We hope she
will be equal to it. When you get back
home, why not organize posse?
New-York tribune., 1921-01-23
Better to Hold Interboro Met. AN

Question: hold ten bonds OF the In.
fhaisGonousa hirher sricea Metr9Doltan 9D As much
chance il continue to hold hold them a'aVe no q
you think there is a possible chance ~
II fre tban bnntedoorough 70 to get raise in fare
think they Will be able to nav The d;v,.
dsnds dnss On 43. the marlborough Metropolitan
ho,sne sr Have ., you any idea II the Inter.
tions ioaHasn ON Ta1 be able to meet to obea
dend is resumed again on Interboro,,rh
metropolitan Ahs, would the certificates
as al 9hpos'. 9he receive the same consideration
Is 1t they sell for less?-J. II. l..
Answer-It seems reasonable to be-
ileve that the Interborough securities
nave fairly we'll discounted the worst
features of the New York City traction
situation. While there appears to be
no present hope for an increase in
fares, nevertheless operating costs
should decrease, thus allowing the
company to report better earnings. The
company paid the interest on its S
per cent bonds January 2, 1921. The
47s per cent bonds are secured bv In
tterborough stock. We believe it will
be some time before interest will be
resumed on this issue. 1t is necessary
for the Interborough to pay 9 per cent
on the stock before full interest can
be paid on the bonds. If you can afford
to hold your bonds we think it advis-
able, for If the situation changes, it
should change for the better. The Az
per cent certificates sell lower than
the bonds, because they are subject
to the discretion of the committee with
which they are deposited. The unde-
posted bonds are free. The latter
would, however, receive interest it
declared.
New-York tribune., 1921-01-23
Equipment Trusts Are Secure

have been advised to buy the following
bonds q per cent?: Northern Pacific trust
equipment, Grand TRUNK G94o), Southern
Pacific. Pacific Fruit >Ex press. VIII you
kindly advise mo regarding the above and
If you know of any safer or more re-
munerative investment-MRS.F r. NJ
Answer-There are few securities of
greater safety than railroad equipment
trust certificates, and we think you
would do we'll to take any or all Of
the ones you mention. Select those
of the longer terms. You will not have
to reinvest 80 soon, and it is likely
that when credit and money condi-
New-York tribune., 1921-01-23
Prices of French Internal Loaus

0uestion--Please quote market price for
French Republic bonds and let ME know
rate OF interest paid. calculated in Ameri-
can norey. / suppose there are number
OF these bonds that mature at difforent
periods. If so. please give me date OF the
early issues OF maturity &c. A. II
Answer-The following French bonds
are internal loans. 1t is not possible
to figure their yields, as franc exchange
fuctuates continually. You may fgure
for yourself the approximate yield bv
consulting the price of exchange: Four
francs; 4 per cent, 1914, about s41 per
1000 francs; per cent Victory, 1881,
price about $50; national loan. annual
drawings, per cent, price about $50.
and per cent loan, 1881, price about
$50.
New-York tribune., 1921-01-23
Standard Oil Preferred Ranks High

observation-disclosures advise how you would
rate the following preferred stocks for in
vestment. also II possible at what dates
dividends are paid: American Agricultural
Chemical. Bethlehem Steel per cent
Kelly Springfield Tire. United States Rub
Der. Virginia Carolina Chemical, Standard
OIL OF New Jersey.-T. X
Answer-All the preferred stocks
you mention are sound investments, in
our opinion. We rank them as follows:
Standard Oil of New Jersey, dividend
quarterly, March is; bethlehem Steel,
quarterly, January 6; United States
Rubber, quarterly, January 81; Ameri-
can Agricultural Chemical, quarterly,
January is; Virginia Carolina Chemi-
cal, quarterly, January 15; Kelly
Springfield, quarterly, January /.
New-York tribune., 1921-01-23
Anaconda Notes Seem Safe

.otsa 0aestion-soms ahHs time ago purchased
naturally do not want to sell them now
at at loss and can wait till they are due
t " oulo vou advise me to keep them or sell
then? Should you advise mo to keep
Them. VIII you not please let me have ali
your reasons for such advice or on which
you base your opinion?-F. o. B.
Answer - Since you purchased vour
Anaconda notes practically all copper
companies have suffered considerably.
The demand for copper has not ma
tterialized and large stocks O.. the metal
have been hanging over the market.
will change for the better, because we
believe that business conditions will
gradually improve and chat the demand
for copper will increase. The Anaconda
notes are secured by stocks of subsid-
iary companies; We regard them as
safe, because the company is a good
one with long dividend record and
large resources.
New-York tribune., 1921-01-23
If You Buy, Be Sure OF IN. pr,c.

Question have followed your invest
ncnt Information column for some time.
ana wish to find out something reRardine 2
the Franklin Service Corporation and the
corporation 1t Is financing. tho Elgin Motor
corporation. Kindly advise me as to II
being good investment.-J. I. X.
Answer--Elgin Motor Car Company
stock, as the Franklin Service CORPORA
tion sells it, is not good speculation,
IN our opinion, for the simple reason
that it is charging SIS for non-divi-
dend paying common stock of the par
value of $40, which same stock is quot
ed in the unlisted market at about
one-third of that figure. Never buy
STOCK from any one unless you are
credibly Informed that the price is
somewhere near right. If you wish to
speculate in automobile stock pick out
one which has some sort Of estab-
lished dividend record and large re-
sources. There are plenty of them,
and they do not sell at a premium,
either.
New-York tribune., 1921-01-23
Buying Bonds to Paw Insurance

Question-Will you please give mo a
list OF very reliable bonds Yielding about s
depend on income from bonds to pny
premiums on an insurance May I buy
bonds loo~nt time. would l have to
get 5000 or $1.o0o7--F. Is.
Answer-The following bonds are of
high grade. They yield over per cent:
New York Telephone az per cent,
1889, Northern States Power first S
per cent, 1941, Illinois Steel Az per
cent 1910. Rio Grande Western first
per cent 1889. 1t is frequently dif-
ficult to purchase bonds in $l0O de-
nominations. We believe it best either
to purchase $1,000 bonds outright or
on the partial payment plan.
New-York tribune., 1921-01-23
Demands High Yield WITH Safety

Question: have Il few thousand which
wish to invest in which safety Ia the
ilrst confederation. I am. OF course. anx-
Ious to got as high yield as is posi- ID To-
i am conFidering placing IA part In the
purchase OF bonds of the Pacinc Gas and
llectric Company first and refunding gold
nonds twenty-year 7 per cent series A,
dated December l. 1900. l.. C.
Answer-Pacific Gas and Electric
bonds are we'll secured and entitled to
good rating. in our opinion. You
might also consider Northern State,
power per cent 1941 and Montana
rover PEI. cent 1843. The Goodrich
tSss notes arc safe. In our opinion. although
Pears TO be passing through the period
OF deaatior in good shApe.
New-York tribune., 1921-01-23
Business Man Will Follow Advice

Question: follow your column and am
much interested and would like to invest
III good bonds or safe preferred stock.
am considering the following: New York
Consolidated Gas. Bell Telephone Of Penn
syl'ania per cent. United States Rubber
7A per cent notes New York State 4h
per cent, Western Electric per cont. New
York Central Railroad 7 per cent. Ameri-
can Telephone arpl Telegraph per cent
capital stock, Armour preferred Kindly
grade these as to best buy for safety and
yield; Kindly suggest what you prefer as
anything else you advise will be followed
to the letter. What is wrong with New
York State ~ per cent that 1t is selling
for 4es ss. good per cent? Is there any
trouble in selling bond to q brokerag GO
use?-J. T. ~.
Answer-For a business man your
suggestions for investment are not bad.
The weakest security is New York
State az per cent bonds. However,
this security is entitled to better
rating than the price would indicate.
The company operated rather badly for
a time, but conditions appear to be
improving at present. You might also
consider Northwestern Bell Telephone
z per cent 194l and Canadian National
Railway per cent 1886.
New-York tribune., 1921-01-23
His Exchanges Not Advisable

=, Question--Would like information as to
the adyisability Of the exchange OF Ba!tl-
7hs. Swiss 5i1s for Cuba Cane Sugar con-
vertible debenture rs. at present market
prices. Would the securities be as good
as the Baltimore g. Ohio and Swiss that I
changes be considered good? Would this
be good exchange: Swiss ,ss for Prov
lnce OF Buenos Ayres. Argentine Republic.
dinerencs, Swiss at market. 1914 or so?-
Answer-We do not recommend anv
Of the changes you suggest. In each
case, If you made them, your invest
ment position would be weakened con-
siderably, in our opinion.
New-York tribune., 1921-01-23
Exchange Suggested for Higher Security


Question Il own the following stocks
and bonds in about equal shares and would
IKE 70 know X you have any sugkestions
TO make. as what I want Is conserve
i've investment. together with q fair re-
turn OF interest. Bonds: Southern Rail
road per cent. Southern Railroad 4 per
cent. Kingdom Of Great Britain and Ire
land b "a per cent N937). Swiss govern
ment per cent, French government 8
per cent, Liberties various issues) Stocks:
Worthington Pump g. H. Co. preferred.
Atchison Railroad common. New York
Central common. Consolidated Gas Com
pany. Standard Oh of New Jersey pre-
tcrred, American Sugar preferred, Ma
tional Biscuit preferred, United States
steel preferrcd.-R. D.
Answer-Your bonds, with the ex-
ception Of Southern Railway 4 per
cent. are Of good grade. So long as
you have only two railroad issues, why
not diversity them? You might change
the Southern Railway per cent for
Denver e. Rio Grande first per cent
1885, Rio Grande Western first a per
cent 1889, or st. Louis & San Fran
cisco prior lien 4 per cent 1850, all Of
which are better secured. With the
exception of Atchison, New York Cen
trail and Consolidated Gas your stocks
are good investments. While these
three issues are good Of their kind
they are speculative, because they are
sensitive to earnings and other de-
velopments.
New-York tribune., 1921-01-23
Selects Public Utility Bonds

Question--Please give me such informa
ton az you may have concerning the pres
ent status and the outlook on the follow
Ing securities: The Pacific Telephone and
Telegraph Company first mortgage and
collateral trust per cent sinking fund
thtrty-year gold bond. 1897; the Milwaukee,
year per cent first mortgage gold bond.
the Kansas City Light and Power COMPANY
1944.-H. A. w. W."
Answer - The Pacific Telephone
bonds are q sound investment. The
Milwaukee,, Light, Heat and Traction
bond is fair one. This company has
suffered, like most other public utility
companies, but we believe the situs-
ton shows improvement. The Kansas
City Light and Power bonds are sound
in our opinion.
New-York tribune., 1921-01-23
Ways os Srecnlatiny in Sterlinn

CucstiOn--l arm thinking about send;n.
In the Bank Of england, and tagu3e poaihsd si,at
will make almost $1,000, owing to tic
offer, difference in the exchange The interna-
los "a: to the $1,000. However desire
t. (, send It through bank BY cable and and
s te'Hfnsa IN tSe f Snnsh eTs baa q
TINS and then when money has becoms
,orn@ nornal ,,S cSuld | have # returned to me
Same interest in both countries. Also.
please tell me II there Ia any advantage in
huying ha;i,g British bonds issued and sold in
Soiu IN the United States. I own $500 In
Liberty Liberty bonds. How do they compare with
BRUSH bonds IN earnngs?-J. w.
Answer-Buying foreign exchange for
make $1,000 on your $4,000 YOU must
realize that there is an element Of risk
there. If you wish to speculate on
British exchange we think that you
could do that in more convenient
way than making a deposit in an Eng
hsh bank. For instance, you can buy any
OF the British external loans which have
a market here, one Of the Japanese.
Chinese or Argentine external sterling
loans, or Central Pacific collateral trust
As, European loan of 1911, due 1916,
principal and interest payable in ster-
ling or francs. This issue, however, is
callable at par and interest on March ]
next, or any interest date thereafter on
ak months notice, and if the company
had the same opinion as to the cheap
ness Of sterling as you have, it might
call them. If it did, however, you could
switch to something else, and the diff
terence between the price you pay for
the bond and par would be profit. An
other double-barreled speculation is Of
fered by New York, New Haven g. Hart
ford debenture 4s, 1922, sterling Euro
pean loan. The dollar bonds of this
issue are selling on the curb to yield
about 40 per cent. They are the first
maturing issue of the road. British
war loans yield more than Libertys.
New-York tribune., 1921-01-23
West Shore First As High Grade

cuestton--Are the West Shore first per
cent bonds safe Investment? What
hhnopnt OF preferred and OF common stock
graph Company What is their record Of
uiYidcnd payments? What Is the par value
~ each! WIN the Federal income tax Tor
*. G. "~"" ''o"
Answer--Wcst Shore first a per cent
PONDS are entitled to high rating.
Columbia Graphaphone Manufacturi
company has outstanding $10,269 .06I
cumulative z per cent preferred stock.
par 100. and 1851 ,644 shares common
STOCK OF no par. The latter paws 81
IN cash. It paid 20 per cent extra In
Stock in 1920. We understand that
Congress does not expect to enact now
taxes for 1891. ~"
New-York tribune., 1921-01-23
Trend Irregular
In Quiet Trading
On Outside Market
Intercontinental Rubber Is
Feature of Specialties
With SteadyAdvance; Oils
Continue To Be Unsettled

Trading on the Curb Market in the
short session yesterday was virtually
without feature. Evening Of accounts
formed the principal business, but In
tercontinental Rubber was one of the
few stocks that was in good demand.
This moved up to new high for the
year at 1112.
Oils continued uncertain with Inter
national and Simms Petroleum slightly
easier and Maracaibo steady. Cs-ib
Syndicate moved up fractionally to 91a
United Retail Candy was steady at 81
nd -SuIe
New-York tribune., 1921-01-23
c., r. H. & $. Bonds Are Fair

Question--wlll you kindly inform me as
TO the investment safety OF Chicago, Terrs
Haute and Southeastern Railway Com
pany hrst and refunding mortgage per
cent bonds at $7o?-R. B. C.
Answer-We regard Chicago, Terrc
Haute & Southeastern first and refund
ing s per cent bonds as q fair invest
ment. The road is result Of the fore
closure Of the Southern Indiana Rail-
way. The bonds are rather well Sc.
cured, being first lien on 1872 miles,
second on 227 miles, third on 4.19
miles, and further by first lien on
twenty-five locomotives and 2,674 cars.
The road is small one and does large
ly a freight business. We regard The
bonds as fair investment for busi-
ness man.
New-York tribune., 1921-01-23
Grain Elevators for New Zealand

-Four large wheat silos are being
erected for the South Canterbury Flour
Milling Company by the Concrete Con-
structions, Ltd, of S dney, Australia,
according to advices from Consul Cen
eral Winslow, of Auckland. New lea-
land. Each Of the concrete cylinders
will be So feet high and 25 feet in
diameter and hold $4,000 bushels OF
wheat. On top of the four silos will be
erected an elevator tower that vii!
serve each silo. About 5000 bags OF
cement will be used in this construc-
tion. The silos will hold about one years
supply of wheat for the milling COM
psny's plant ut present, but an enlarge
ment ia contemplated which will make
It one Of the largest -four milling plaAts
In the Dominion.
New-York tribune., 1921-01-23
These Issues Don't Cause Insomnia

cuestion-Would you kindly give me
your opnon Of the following stocks and
bonds through your column Of investment
Information: Wickwire Spencer Steel Cor
ten-year convertible gold notes per cent
Province Of Manitoba per cent bonds
Canadian Railroad equipment trust gov.
Light Company fret mortgage and coilat-
era! trust So.year gold bonds. United
states Steel Corporation preferred stock
per cent United states Rubber first pre-
ferred per cent? Would you consider
the. above good Investment to one who
wishes investments that will not compel
insomnia at night?-H. p
Answer-We regard all the securities
you name as sound.
New-York tribune., 1921-01-23
Why Common Sells Above Preferred

Question-Advise me why Cities Service
preferred stock is selling so much below
par when their common stock is selling
at the present date are about SO for tho
preferred. which Is a per cent stock. and
2SS Tor the common. The earnings for
ally favorable.-J. E. OIL.
Answer-Cities Service preferred
pays Sc share year in dividends
and never can pay any more The COM
mon pays Sc share cash and Is per
cent in common stock extra. Converted
into cash, the common dividend is
worth a total of about $4140 on your
figure, 236. That is the reason the
common sells higher than the pre-
ferred. Par value for both issues Is
500.
New-York tribune., 1921-01-23
BurnrIte Coal a specuJ.t,o,

Question--w!li You kindly give me
Hurnrlte Coal Brique Company OF Newark.
n. J.Y ! understand 1t IL going 10 open
Z. manufacturing plant at Perth Amboy.
". J. tho coming sprins.--J. A. X.
Answcr-We regard the Burnrite
stock asa pure speculation. We do
not recommend the same for invest
New-York tribune., 1921-01-23
His Holdings Good Enough Nov

Question: own two $1,000 Bethlehem
Marine equipment bonds, per cent, 1895
u Virginia Carolina Chemical ~ per cent
bond. 1882 Would you consider this ad y
visablef Do you consider Kansas civ
Tower and Light per cent lelo safs
Investment 7-E. J. c.
Answcr-Your Bethlehem Steel eouip-
ments are, in our opinion, a sound in.
vestment. We see no reason why you
should disturb them.
New-York tribune., 1921-01-23
Investment Information

QxestioMs Of general sntesest e II.
Sestors s0iu 30 ars>0cvsd ~ tAis eel.
xmm, in sohich eose only initials ssiu
30 used. Others suill bs sns.cered ~
msil. Add~sss al? inquiries, ixelss-
ing st4mped, addressed envelope, 70
EVxsnctsl Editer, The Tribune, 1sI
Nossau Street. Nssu York Cts.
New-York tribune., 1921-01-23
Danish 3Iz Bonds Are Sound

tlUcstlon--~PlenNo giya mo ynur o,,tr,n,,
~ sn Investment IN regard to tho en-
ciossh ad from The Tribune.---J. r.
Answer--ln purchasing Danish gov
eminent y per cent bonds you are, Va
think, buying . sound security. The
speculation lies largely In the cxchanos
fluctuations, ~ this bonds are payabie
IN sterling. Denmark always has sn-
jcyed good credit.
New-York tribune., 1921-01-23
WANTED
BOND HOUSE MANAGER

A large Chicago Bond and Mortgage Company
is about to open New York office for the sale
of Real Estate Bonds. and wishes to engage
the services Of high-class experienced Man
ager Of Bond Statesmen Give full details as
to experience All answers will be treated as
strictly confidential. Address w., P. 0. Box
l07 Times Sq Station.
New-York tribune., 1921-01-23
Investor Devises Good EXCHANGE

~ ~QueStion-kindly express your opinion on
New York Telephone 6 per cent. Is the
It originally marketed? ? l hold 5000
United Kingdom .5s9 per cent. 1929, which
an thinking of exchanging for the New
York Telephone. the bonds now being al
most the same price. So far I have been
unable to decide this matter to my own
satislaction.--O. L. r.
Answer-New York Telephone per
cent debenture bonds, due 19A9, are a
direct obligation, but are not secured
by mortgage. If any mortgage is
created, however, these bonds are to
be equally secured. We regard the bonds
as safe investment. The company has
been large Garner and its bushes is
not so easily affected by general de-
fation. The bonds were issued Janu-
ary, 1919, at 191. We think you will
make no mistake in making, the sug-
gested exchange.
New-York tribune., 1921-01-23
New Haven Debentures Yield High

Qusstion-will you kindly inform me rs
to the character. seniority and general
safety OF tho New York. New Haven s;
Hartford 6 per cent convertible debenture
bonds OF 194S, which recently sold as low
as Sc and which have been strongly
recommended to me a safe nvestmen Mt
cannot reconcile the above claimed char
acteristics With the fairly high rate OF
interest and the low selling price Of tho
bonds. netting. at the present price Of
about e5 per cent. nearly 10 per cent cur
rent yield.--P. /.
Answer-The New York, New Haven
& Hartford Railroad has q number Of
convertible issues. All rank equally.
They are not secured by mortgage, but
if any new mortgage is created on the
u,nmorttgaged part of the road, all
these bonds shall become equally Sc
cured with the new mortgage. The 6
per cent bonds are not entitled to
good rating. The New Haven has been
operating badly for some time. Much
depends upon its future operations.
These debentures may offer good specu-
laSive investment possibilities, bu:
they are not, in our opinion, q good
Investment
New-York tribune., 1921-01-23
Safe Bonds for Idle $4,000

Question--Will you kindly give mo q
list of bonds which you consider safe
an investment just now? would like
them to give an annual yield in the neigh
borhood Of per cent. What is your
opinion Of New York Telephone per cent
must invest Immediately. and 1 wish you
would show how to do it safely. 7
would prefer dividing it into three or four
separate investnents.-MR j. W.
Answer-The following bonds yield
all as sound investments: Northwest t
ern Bell Telephone per cent 1941,
Westinghouse z per cent 1881, Cana
dian National Railway per cent 1895,
Bethlehem Steel per cent 1885. The
New York Telephone per cent bonds
are safe, in our opinion. They are un-
secured by mortgage, but the COM
pany's earnings are ample to care for
all charges.