davidaulloa/AmericanStories huggingface dataset:
New-York tribune., 1921-10-23
Investing a Building Fund

Question-The local council Kni lights OF
Columbus has IN its treasury s%25o in
Liberty bonds $500 OF which were
bought at market six months ago, hal
ance bought during the WAT at par. We
arc building up fund eventually we
win build a knights OF Columbus home.
Ny idea is while playing safe could
Increase our revenue very Iauch ley put
ting this amount into good bonds at pres
ent market. Your suggestion VIII be sp
preciated.-M. J. ON
Answer-You should fully realize that
in substituting any security whatever
for United States government obliga-
lions you are sacrificing in some degree
the element OF safety. However, there
are a number OF thoroughly sound bonds
which you might purchase with every
reasonable assurance of safety. Any
bank will give you more or less eX-
haustive list OF such securities. We
merely suggest a few, as follows North
ern Pacific refunding and improvement
6s, due 2047. recently quoted at 1903;
Norfolk & Western, New River division,
first IS, 1882, recently quoted at 101 y !;
Mobile & Ohio first 6s, 1927, recently
quoted at 101. All these are legal in
vestments for savings banks in New
York State Other high grade bonds
are United States Steel Corporation
sinking fund 5s, 1868, recently quoted
at 95; Montana Power first 6s. 1943
recently quoted at 81, or Atlantic Coast
Line first as, 1852, recently quoted
at rs
New-York tribune., 1921-10-23

Has a Good Start

1uestion-Will you kindly advise on
ihe following problem7 I havc about So.
900 In various savings banks and think |
could get better income by investing in
nofne high grade honds / own the fol-
lowing three bonds. bought on your ad-
vice sorne time ago. besides Liberties Of
each issue: $1,000 United States steel
sinking fund 90; $1,000 American Tale
phone and Telegraph collateral 5s. duo
l?fa; 81, 600 Atchison, Topeka 6 Santa. Fe
general rs. As this Is all the money 7
possess and owing TO III health may havs
to give up my position soon. would like
as high return is consistent with
safety. What is your opinion OF United
States of Brazil SIS and BrooltIyn Edison
7s. series d Would II bo wiser policy for
mo to buy high rate coupon bonds at q
premium or low rate at a discount III. III.
Answer - Under the circumstances
you outline we think that you might do
well to draw $4,000 of your savings
leaving 1000 as a reserve fund, and
invest in four or FIVE high grade bonds
Brazil 8s and Brooklyn Edison Is might
be included in your purchases, and for
the remainder we suggest Chicago
Union Station 6ias. due in 1868, and
selling at about 107l9, to yield slightly
over 6 per cent; Montana Power 5s
due in 1919, selling at about s.. to yield
about 6.25 per cent and Great North
ern Is. due in 1856 and selling at
about 103, to yield $50 per cent.
New-York tribune., 1921-10-23

Question: wish TO ask your advice on
the Investment Of $1,000 belonging to my
mother. il is necessary that the princi p3 !.
he secure and the income as high az pos
sible, TO 3 per cent In thinking ii over
with her other Investments ! wish $1,000
to be put into Industrial bond and the
other $1,000 into a railroad bond. What
- your opinion of River Raisin Paper Com
pany per cent einking fund closed arst
mortgage bonds, due 1856 and Of DUPONT
do Nomours 7ias, due 1891? She is the
holder Of quite diversified list OF copper
sticks. TO which she fell heir. Including
such stocks as Utah. Anaconda, etc. Do
them Tor some time TO come as they We're
purchased in several cases above present
day prices IL. Il. c.
Answer Under present conditions
we think that it will be very difficult
for your mother TO secure A return OF
between and 8 per cent if she con
fines her investm ents to the character
of securities which she should pur-
chase. We do not regard either of
those which you mention as in this
class. We suggest Union Tank Car rs,
yield about 6.65 per cent. Western
Union 12s. due in 1850. to yield about
6.25 per cent, or Great Northern Is,
due in 1885, TO yield about $50. We
also think that your mother should
sell her copper stocks and invest the
proceeds in first class bonds. In this
way she will increase her income and
profit by tho appreciation which is
almost certain to take place in the
value of this class of securities. TIE
copper stocks have a long pull ahead
of them in our opinion and they are
about the last sort of investment an
elderly woman dependent upon her in
come from investments should hold
New-York tribune., 1921-10-23
Union Pacific and Burlingtcn

tluestion--Wili YOU please give me YOUR
opinion as to the following: Which do
Won consider the best purchases. Chicago
burlington & Quincy Railroad common
stock or Union Pacific common. at ls5 and
12l; and is the Burlington classed as an
Al road. such as think Union Pacific is
A. r c.
Answer Chicago, Burlington e.
Quincy and Union Pacific are two of
the best railroad earners in the coun-
try. Their nanagements have attained
high degree Of efficiency, the proper
ties are III good condition and both
companies are in exceptionally strong
financial condition. AS railroads there
is little choice between them But
there is one difference between the
stocks. Union Pacific is actively traded
in on the Stock Exchange, whereas a
trade is rarely made in BURLINGTON. as
practically all of the stock is owned
by Northern Pacific and Great North
ern and jointly pledged by them under
their collateral mortgage. Consequently
it is at all times much easier to con
vert block of Union Pacific into
cash, il occasion should arise. Union
Pacitic's dividend seems to be reason.
ably certain at 10 per cent Burling-
tons last dividend was "a dividend" OF
| 8 per cent, declared last June. The in
ference is that the annual rate vii,
be 10 per cent. We think that Union
Pacific at 121 is more attractive than
Burlington At 1875
New-York tribune., 1921-10-23

pany, New York. and supplements
which bring the information contained
IN the book up TO date are published
monthly and weekly during the year
The Standard Statistics Company. New
York, gets out both loose leaf and
card service, dealing with statistical
data on bonds and other securities and
On general business conditions. For
e1gn government bonds are we'll COW
cred by "Kimber's Record Of Govern
ment Debts and Other Foreign Securi-
ties" published by A. W. hlmber &
Co, New York. One Of the best sources
Of information regarding the rec
ord Of foreign countries in re-
is the annual Report of the Council
Of Foreign Bondhoiders of Great Brit
ain" published annually in London.
For more detailed statistical informa-
tion regarding the various American
and Canadian corporations which have
issued securities the best sources are
the Manuals Of Railroads. Public
Utilities and Industrial Corporations
issued annually by Poor and Moody
These contain brief descriptions of
the various companies. the nature Of
their business, the latest available
earnings statements and balance sheets,
the names OF ofncers and directors and
description Of the various securities
issued by each. Similar material may
be found in the "Manual Of Statistics
and Stock Exchange Hand Book" puo-
ished annually by the Manual of Sta
tistics Company, of New York. This
publication also contains data on the
price range of the various securities
tradede in on the New York and other
exchanges, as we'll as valuable stats
tical inormation of a general character.
New-York tribune., 1921-10-23
A List of Sound Investments

Question: wish to invest in an addi-
tionel bond to add to the following list I
cannot afford TO speculate, and 80 would
appreciate your conservative advice You
nave mentioned International Mercantile
Marine at different times. Would you con-
slider that appropriate? My list Is as fol-
lows: One ,Atchison, Topeka & Santa Fe
general per cent, one Pennsylvania gen
southern PacifcSan Francisco Terminal
one chicago, Milwaukee & st. Paul refund
ing, one Southern Power, one Armour u
one Loriilard s. one American Telephone
ana reieerapn ., one Canada War Loan 5,
one Kingdom of Belgium ~. one Trinity
Bullding o y. ten shares National Lead pre-
ferred, Liberties and Victories. So 500
These were bought for the most part some
time before the war, ana so the yield is
small and they have deprecated In value
Can you suggest any action in regard to
the chicago. Milwaukee & St Paul which
seems TO have gone down to stay? | shall
be very grateful for any suggestion you
may make in regard to a purchase at the
present time. as advice which we have
previously received has been very lpfui
M. Mac n.
Answer-You have an excellent list
Of investments and we wish to congrat-
ulate you upon the soundness Of your
Judgment in picking such high grade
securities and at the same time OBJ
tanning fairly high yield. We think
the international Mercantile Marine
6s are q good investment and believe
you would make no mistake in pur-
chasing ono of them. We think shat,
until the St. Paul has built up traffic
to point where its heavy overhead,
incurred BY expensive improvements
is justified, it will have hard time
Of it.
New-York tribune., 1921-10-23
Long Island As

Qpcstion-Wili you kindly give INC your
opinion on, Portla M Railway Light and
Power Company 7ias as investment :?
Also, would you consider Long IGiand gen
eral As or the retundins As a good invest =
'nent and which of the two is better Sc
cured I'll A. X.
Answer-Portland Railway. Light &
Power Co. 7]3s should be classcd, we
think, as business mans investment.
Thc/company earned its fixed charges
by marrow margin last year, but this
year should be materially aided by
the lower cost of materials and labor.
AS between the Long Island Railroad
general 4s, due in 1888, and the same
company's refunding As, due in 1919,
the general As are the underlying issue,
but the refunding Is bear the en-
dorsed guarantee of the Pennsylvania.
The yield of the two issues at current
price. $40 for the refunding Dis and
10 for the general 4s, appears 70 re-
feet the market Judgment that in the
case Of the Long Island al least the
Pennsylvania guarantee is superior to
the underlying lien.
New-York tribune., 1921-10-23
Nou-Cailable Bonds

Quesuon--WiU you please give u,e list
Of nor-caiiable bonds preferably long term
bonds, either foreign domestic. which
you consider safe for woman, yielding t
present prices Z per cent or better?--Mrs
u. il. w.
Answer-State of Queensland. Aus
tralia, twenty five year per cent sink
ing fund external loan gold bonds. due
October /, ls41, on which both interest
and principal are payable in United
States gold in New York, were recently
offered at 80 and interest, 10 yield about
TO per cent, and are not callable be-
fore maturity. We think them a good
investment. The French 71ss, due lo4l. d.
recently selling at cas-, yielding SO
per cent if held to maturity, are not
callable Grand Trunk Railway of
Canada debenture 6s. due September /,
1896, guaranteed principal and interest
by the Dominion of Canada. are not
callable, and we think they are high
grade investment.
New-York tribune., 1921-10-23
Circumstances Alter Cases

Question-You advise ono to get
ria of American Smclting and Refining
Company bonds ! also hold one Amcri-
can smelting and Refining 5a 1e47. bought
at 76 X. I also give YOU my other invest
ments. Please let me- know whether you
think l should change them: ST. Louis
sout thwestern. 1879; Missouri Pacific as,
1870; Westinghouse 7s, City of i3erne Ss.--
NJ. ".
Answer-Just because we advised
someone else to sell an American
Smelling & Refining bond does not
mean that you should do so. You tell
us nothing Of your circumstances so
that we are unable to advise you in
telligently, but if you are business
man not dependent upon your income
from Investments we see no reason
why you should dispose Of it at pres
ent Both your railroad bonds are sec
ond grade but on the same assumption
we should hold them. Your Westing-
house and City of Berne bonds are
very fair investments in our opinion.
New-York tribune., 1921-10-23

Question reply a query
Hd cooks
se"'ea sStomd book tg Chamberlain
merit VIII csong
81 H..
Answe-Lawrence Chambeans Princpes
published Holt recognized and authoritative text
on bonds everything
extremely we'll written, in
it rather hundred pages and
It's intelligent perua requires certain
edge Which not by the
of the of the subject
defects in the of the general reader
New-York tribune., 1921-10-23
Inouirers should State Case

Question: own some shares Of Federal
Mining and Smeltiug Comps ny stock. They
hs "a been listed on thu New York Stock
Exchange al s.3 a share recently Would
you sGvisa to hold to this stock or
sell II for what ! get and invest the
money in some good bond IS. MoC
Answer-You do not tell us enough
about your circumstances for US to
give you any intelligent advice II you
have only this one investment we do
not hesitate TO say that it is entirely
too speculative for you in our opinion.
On the other hand, it may be that you
have q number OF bonds and good
stocks. In that case you could afford
TO take a chance. You have not stated
vcnr ease 20 rY
New-York tribune., 1921-10-23
American sumatra Preferred

Question am holding twenty American n
Suinatra Tobacco preferred, bought at n J..
and L would li5e TO know il YOU ad wise
selling at market price at this time. as J
am rather pessiinistic about it.-G. r. NJ.
Answer-In passing the common
dividend a few days ago directors OF
the American Sumatra Tobacco Com
pany laid special stress on the need of
conserving the resources Of the com
pany Nothing was said concerning
current earnings, but it is understood
they have fallen of materially. In a
way, the omission of the common divi-
dend makes the preferred more secure
but we would place il in the specu-
lative class. We suggest that if you
are willing to take your loss on your
stock you might switch into American
Ice preferred, at IS, and paying 6 per
cent on Dar
New-York tribune., 1921-10-23
THE METROPOLITAN NATIONAL BAyx
OF THE CITY OF NEW YORK.

New York. September 2sth, ts.t-
TO THE STOCKHOLDERS.
:. Notice IS hereby given fnas Special
Aeelhg OF the Shareholders of tho Bank
VIA De hslo az It's banking rooms ~ sx
Broadway. Borough of Manhattan, CITY
ana state OF New York. on the ist day es
Novemb Der. 1884. az 10 o'clock In shs fcrs-
fyiHg and confirming tho terms ana coud.-
lions agrsed upon by majority OF ths
board IT directors OF The Chase Nations.
Bank Of the CITY OF Nsw York and by .
majority OF the board OF directors OF skls
Bank 70 consolidate the said stwn banking
associations into one association under thu
charter Of The Chase National Bank Of
the City Of New York; and Tor she trans-
action of such other business a. may pfsr.
srly ecr1e before the meeting
Ey srda- OF the Board Of Dirsetors
gRA ANx w. FRAzEE. Cashier.
New-York tribune., 1921-10-23
FINANCIAL MEETINGS
THE CHASE NATIONAL BANK
Or THE CITY OF NEW YORK
N-w York. September 2s,h. ,ssL

80 THE STOCKHOLDERS
Notice hsreoy given that SpeciAx
Meeting OF the Stockholders OF the Bank
VIII be held at is Banking Rooms at 81
Broadway, Borough OF Manhattan. City oa
New York. State OF New York. on the 7st
for tie purpose of ratifyng and confirm
ing ths terms and conditions agreed upon
by q majority OF the board of directors oe
Tire Metropolitan National Bank OF the
City OF New York and by a majority OF
the board OF directors OF this Bank ta
consolidate the said two banking asxocfa- .
tions into one association under the char
ter OF The Chase National Bank OF the
City OF New York; and for tho transsc-
tion OF such other business may pros>
srly come before the meeting.
BY order os the Board OF Directors.
". p. HOLLY. Cashier.
New-York tribune., 1921-10-23
Gasoline Supply Stations

Objectionable X. T. OIL Corporation in
tends to ssta hiish gasoline supply station.
throughout The country. The stock is soji
by L. NJ UmStead 81 Co, 100 Broaawsy.
New York city also have been offered
stock issued by the l.. K Steele Ser.rlce
Corporation. with offices iu the Kricker-
hooker building. Forty- second Street ara
broadway. New York City. Please inform,
and safe investment.-A. W. f. W
Answer-The gasoline filing station
business has been very much overdone.
in our opinion, and we would not risk
the equivalent of German mark in it
at this time. Neither do we regard
the stock Of the L. r. Steele Service
Corporation az an investment It may
De good speculation, perhaps.
New-York tribune., 1921-10-23
A Workman'r Investment

Qusstion--Kindly let mo know what
would be most advisable and faiviy safe in
vestment for a workman L have caslled Il
$500 s V first issue Liberty bond and wish
to buy either Canadian Pacific or Delaware
a. Hudson. as the return looks good. VIII
be guided by your dscision.-H. !.
Answer-Either Delaware & Hudson
OF Canadian Pacific stock is, to some
extent, speculative. in our opinion, and
we would not advise a working man to
speculate with his savings. 1t would
be far wiser to buy a $500 bond of
some high-grade security, such as
Northwestern Bell Telephone Is, due
1941, recently selling at 104la.
New-York tribune., 1921-10-23

The total value of merchandise i'm
ported from Greece during June, 1921
was s1,e1e. .533, and for the twelve
months ended June, 1921, s24 4,33f.l62,
while the values for the corresponding
periods Of the preceding year we're
$3.037.7l9 and s22. .22e .915. respectively.
The total value Of merchandise export
ed 20 Greece during June. 1921, was
So, ,693 soc. and for the twelve months
ended June. 1921. s37 .s09, ,642, while the
values for the corresponding periods Of
the preceding year were 81 ,9i8, 1855 and
s48,G72. .778, respectively.
New-York tribune., 1921-10-23
Rock Island Preferred and Erie As

Question: own Ave shares ot Rock
Island 4. per cent preferred stock. for
which / paid T3la last February nov SELL
ing arouud SO. I an considering selling
my Rock Island stock ana investing the
proceeds In Erie general a convertible
40. which you classify as business fsan s
semi speculative Investment What do
you think -. \. c.
Answer - In doing as You suggest
you will be carrying on speculation.
If you are in position to speculate
and feel that you have the necessary
ability, frst-hand knowledge of condi-
tions, etc, you can continue. SO far
you have made profit; but. unless you
have much more than the ordinary
ability. in the long run you will be
likely TO lose.
New-York tribune., 1921-10-23
Answer-The present selling price


Questio,i-w Would YOU consider Mime
apolIs & St Louis consolidated 5s, 1854. as
a safe investment for a widow having Only
and where Is this road? What is its record
as to earnings. etc I'll. A. T.
Answer-We do not regard Mime
apolis g. St Louis first consolidated As,
due 1884. as safe investment for a
widow with only few thousand dol
lars TO invest The company's lines
aggregate 1858 miles of road in Min
nesota, South Dakota end Iowa and is
largely dependent upon agricultural
products for its traffic, so that its earn
ings fuctuate widely with crop condi-
tions. Even before the war, fixed
charges were earned by narrow mar
gin in good years.
New-York tribune., 1921-10-23

However, there are number Of
other books. less authoritive than
thamberlain's, but possibly more suited
to the requirements of the reader who
wishes to begin the subject from the
beginning. Among those recently pub
iished which cover the subject in a
broad way are "Invcstments," by David
T. Jordan. lecturer on finance at the
New York University, published by
Prentice Hall; 'Putnam's Investment
Handbook" by Albert W. Atwood, a
popular writer on financial and invest
ment topics, published by Putnam, and
Elements of Bond Invcstment,' by A.
M. Sakolski, bond expert for the Equi-
table Trust Company. New York, pub
ilshed by the Ronald Press. OF the
Brlhsh books, "Stocks and Shares" by
Hartley Withers. published by f. P
Dutton d Co., is the most readable
and Is replete with suggestive comment
Among the older publications on the
subject may be mentioned 'Investment
Bonds by Frederick Loweniiaupt, and,
dealing with railroad securities. "The
Anatomy of Railroad Report" by
Thomas T. Woodlock. Those who have
mastered the elementary principles of
Investments and wish to obtain reli-
able current information on the vari-
Gus issues outstanding, with a view to
making their own determination of
the reliability of specific investments
or Of checking the judgment of their
bank or bond house, will find a num-
Der of publications of good standing
"The Fitch Bond Book" contains
statistical descriptions Of the bond
issues of industrial, railroad and pub
lie utility corporations in the United
States and Canada. 1t is published an
nually by the Fitch Publishing Com
New-York tribune., 1921-10-23
CHASE SECURITIES CORPORATION

New York. eeptember 2s.h, 1871
TO THE STOCKHOLDERS:
Notice IS hereby given ehst Spsctsk
Meeting OF the stockholders of Chase
Securities Corporation will be held at tss
Office Al 81 Broadway. Borough OF Man
haitian. City of New York. State of Nev
York. the 1st day OF Novensb sber 1871
At two O'Clock IN ths afternoon, 20 con-
slider and veto upon proposals 70 !ncreAss
from $50 600 20 20o.o0 the number OF
which the said Corporation may Issue ana
the amount OF as stated capital from
s.. s.75e eco 20 lo.ooo.e0o. the conditions
under which such increase shall hecorns
effective; the consideration for and the
terms and condition. under which, u
Authorized. said new or additional shares
shall os issued; and for tbs transaction
os such other business as may properly
come before the meeting
By order OF the Board of Directors
E r. TINKER, Prsssosnt
aALSTEAD c. FREEMAN. Secretary.
New-York tribune., 1921-10-23

Question: want TO invest about $4,000
Ia a good. safe Investment I feel that
the American Telephone and Telegraph is
the best for me to have safe return for
yeare to come. ARA right In this?
have been Il reader OF The Tribune for
Some tsne.--w. Y. M
Answer--We do not know what Sc
curities of the American Telephone
and Telegraph Company you are think
ing Of investing in. The per cent
dividends on the stock are, OF course,
dependent on earnings, but earnings
have been remarkably steady over e
long series of years. A greater degree
of safety would be had by investing
in American Telephone and Telegraph
coilateral bs, due 1916, recently selling
~ ssA. yielding you SOL per cent in
ccnse IL held 70 maturity.
New-York tribune., 1921-10-23
Met Edison and Florida East Coast

Question: will appreciate any infor-
NATION you give rae about the following
bonds: metropolitan Edison per cent,
maturing August, 1879: Florida East Coast
Railway Co 4;a per cent, maturing Aug
ust 1893: Deere s. Co. ~ per cent, ma
turing 1a3l.---W. AieO.
Answer metropolitan Edison first
and refunding 5s. due August l, 1922
are subject to $2,614,5o0 prior lien
bonds, on which the mortgage is closed
and underlie the refunding and i'm
provment ss, due 1885. Florida East
Coast AVS are a somewhat mac
tive bond. but safe investment, in
our opinion. They are secured by a
first mortgage and sold at 7s in Sep
tember, 1921, at which price they would
yield 500 per cent if held to maturity
Deere a. Co. IA per cent bonds
due 1881, were recently quoted at 93i+
SO. The bonds are a direct obligation
OF the company, bat not secured by 1
mortgage. The company manufac-
lures plows and agricultural imple-
ments, and at present this business
is adversely affected by postwar con
ditYons
New-York tribune., 1921-10-23
Atlantic Fruits Weakness

Ques.ion--Cpuld you kindly furnish mo
with information on Atlantic Fruit bonds !?
These bonds. put out about u year ago. arc
par cent bonds and have declined from
par to 25. They were recommended to me
as an Investment bond, and cannot un-
derstand how they could be quoted 90 low
unless there something radically
wrong. Wnat would you advise me 10 do
with present holdings OF these securities :?
IL. X. Y.
Answer-The present selling price of
Atlantic Fruit per cent bonds looks
as if they had already discounted the
omission of the December interest pay
ment. The company has been adverse
Iy affected by the sugar situation in
Cuba, where it has plantations. Its
earnings have also been hurt by dock
strikes in the shipping end. Atlantic
Fruit has strong competitor in United
Fruit, which is in much better pesi-
tion to weather recent adverse cop-
ditions