davidaulloa/AmericanStories huggingface dataset:
New-York tribune., 1921-10-16
Telephone, Sugar and Steel


Ouest!on-IVill you please givo No
your opinion VI the following, which ere
now held. 100 shares American Telephone
and TELEGRAPH, ton shares American sugar
preferred, S. 600 United states Steel nonNs.
$4,000 Liberty honGs. 4a4 per cent. What
should be the yield for these II. :. 7.
Answer American Telephone and Tel
egraph stock is a god investment, and
United States Steel 5 per cent bonds
ere a high grade investment, we think,
and also, of course, the Liberty loan
4Ms. We do not understand what yo4
mean by the yield from these. If YOU
hold them you must know what you
receive each year. The Telephone stock
pays per cent, the American Sugar
preferred pays 7 per cent. the United
States Steel bonds pay 5 per cent and
the Liberty loan. as you yourself say
in your letter, pays AZ per cent
New-York tribune., 1921-10-16
Three RusIneas Mems Investments

Question-It IS very gratifying TO observe
youg genuine iAterest IN tne inqn,rles o o.
sesf Please discuss briofy the Sharon
steel Hoop So. Series 4. the New ork
state Republic consolldatel "a ana III"
Chinese government Republic SIS. with spe-
cial reference to relative safety OF prln-
cipal and certainty OF Interest paymeuts--
Il. e h.
Answer-Sharon Steel Hoop thirty
year first sinking fund 8 per cent
bonds due March /. 1941, are secured
bv first mortgage on the entire phys.
;cal property Of the company now
owned, together with all property here
after ACQUIRED, The property is ap-
praised at Sl6,0OO,000. There ere So
100000 Of outstanding bonds. The
sinking fund provision provided for
the purchase each year in the open
market at 1919 or less Of $Z00,O00,
face value of bonds. There is an ABB
normal depression in the steel indus
try at present. How long Il will last
wo cannot hazard an opinion. New
York State Railway first consolidated
Ans, due 1862, are secured by first
mortgage on l30 miles Of track and by
general mortgage subject to dlyis-
ional bonds on 334 miles Of track, to-
gether with interest in the leases of
131 miles, constituting the street rail
way and interurban electric Lines scrv-
ing Rochester, Syracuse and Utica, N.
Y, and vicinity and arc further Sc
cured by collateral While in 1920
the net was only S1,766,552 and inter
est and rental were $3.50, ,G71, we
think that the bonds are an attractive
business mans investment. The com
pany Is controlled by the New York
Central and it has been working out
IT. relations with the city served In
a way in which we think in the long
run viii prove satisfactory both to the
city and remuneratve to the company.
There have been Il number OF Chinese
Railway D per cent loans, but the one
that you refer TO presumably Ia the so
called Hukuang Railways loan, known
as a four-nation loan. The four na-
tions involved are England, Germany,
France and tho United States. Princi-
pei and interest on tho bonds Is pay
able IN New York at the rata of cx-
change Of sterling Of the day. VI o
think, so far as regularity Of interest
payment is concerned and payment
Of principal when due. they arc cafe.
On the other hand, since sterling Auc-
tuatcs from day 10 day. there Is an ele-
mont Of speculation AS TO what you
will Get. The Sharon Steel Hoop 8e
are the safest as 20 payment OF princi-
pal and interest. we think. The New
YORK state convertible AIS have the
highest yield and the Chincso govern
mcnc 5s are subject to the fuctuation
of foreign exchange.
New-York tribune., 1921-10-16
Chicago & f. Illinois Reorganization

ouestion-w:M you kindly advise ms
zation Of the Chicago as Eastern illinois
RaNroad Company9 Also how Will tho
per cent retundng and improvement bond
be treated in the reorganization? IN your
opinion. would {, be best to sell tho above
mentioned bonds at the present t;n1a or
hold them Until some future time &C L.
Answer-A reorganization plan We.
adopted BY the various protective com
mittee OF the Chicago & Eastern uli-
nois about six months ago. The first
;nstalrncnt Of the assessment on ths
stock wes calledsfor and was paid. and
second installment was to have been
called for in June, but the railroad sit
uhtlo1 was so unsettled that the re
organization managers and protective
committccs agreed to postpone action
until such time as the reorganization
managers, Kuhn, Loeb {; Co., saw fit
to make another call for an instalIment
Of the assessment. That is the vay
the situation stands now. We would
mold rcfunding and improvement mort
gage bonds rather than sell them. The
refunding and improvement mortgage
bond holders are to receive par for par
preferred stock of the rev company,
New-York tribune., 1921-10-16
Investment Bonds and Stocks

Question--please give list CT two or
three each stocks and bonds considered by
you rs safe investrnent.--W. e. L. ".
Answer-New York Central collateral
trust z per cent bonds, due 1880. re-
Gently selling at 1o5ss; Brooklyn Edi-
son per cent general mortgage series
B bonds, due 1910, recently selling at
102sa. and Montana Power FIRST and re-
funding is. due 1e43, recently selling at
865s, ere three bonds that meet your
requirements, we think. Standard OIL
Of California T per cent preferred
ctock, American Locomotive preferred
and National Biscuit preferred are
three stocks that meet your require
ments.
New-York tribune., 1921-10-16
Such Stuff as Dreams Are Made On

- Question: have twenty-five shares Of
Colorado shaie Corporation (shale OH OF
shares Of Blach Hawk Remedy Company
oc BaitiInoro ("Eattiesnake oti'). pur-
chased at 81 per share three years ago.
nave twenty-five shares OF the Challenge
Gold and Silver Mining Company o. North
Carolina, dated 1861. You'd you kindly
look up the past history Of this and tell
mo II It stil exists or what became OF it,
and hre the Sorrner stocks good that are
ntentioncd1 What are ths dangers of los
ing In speculation Of polish marks. and
also rub.es. Carlisle Tire Is listed on the
curb at 3 y. desire to get little of this
is it ts.ea s tola 0I Dy Sg an nese 81 no. ce WY
Buainess Builders that 1t cnn he purchased
only at the business Builda,s. l would np-
also the history OF the CHALLENGES Cold. etc
DO you recommend Consolidated Distrib-
utors after the question OF assessment is
decided upon same. and what stocks do
you recommend selling around O. dollar or
twof 10 you ad ae Atlantic Fruit Com
pany. Alaska Juneau, etc? have no bro
ker. Could YOU tell me Of one III case /
need further inyestment?--J. G.
Answer--After reading your letter
once We rubbed our eyes and read It
again. Then we closed our eyes and
conjured up tho forecastle Of the old
S. S. Verdi (now reposing in D. Us
told an unbelieving crew Of dragging
up treasure from the Bay Of Fundy
We are afraid our young friend, that
you were born out OF season. You
should have been with stout Cortez
when the Pacific burst upon his KEN
or you should have been born IN '4s ut
'98. Your spccu atiyc procllv.ties are
developed in astonishing degree We
are not indulging in overstatcme.lt
when we say that if we were Herr
Hugo SHINES we would not risk one
pfennig in any of the speculatlons
which seem to have attracted you. We
roeret that we can find no trace oS
Challenge Gold. We suggest that you
write TO the Secretary of State Of the
state IN which the company was incor-
porated. asking him for information
concerning it. AS for your last ques-
tion, we have frequently considered
erecting board In cur Office for tho
convenience Of our friends, but this 10
the first time that We have been asked
to do the trading.
New-York tribune., 1921-10-16
Montreal
Selling Agent Expects
Small White Goods Trade

Little activity during this month IL
fancy white cotton goods is expected
by prominent selling agent. who as
serts that the jobbers. to whom most q
his products go, bought fairly heavy II
July and August and are now cis-
tributing these goods to the retailer al
or near the prices prevailing before the
recent advances in the cotton gooas
market.
"The iobhcrs are showing dispoS'-
tion TO hold OF replacing goods at ths
new, higher prices" he said. land onis
necessity will force them into the mar.
ket again. There may be some activlH
In our limo In November and Dscemoe''
but scarcely before that
New-York tribune., 1921-10-16
Wants American sccuy,tie, Only

Cusstion--Kindiy advi~s tho investrr1snt
OF ss.Soo 10 $500 tn hiSh class boutn
American securities, giving n current re-
turn os 70 per osnt--A. e. y,
Anawer--We suggest ono Cleveland.
Cincinnati, Chicago e 81. Louis rofnna
Ing and Improvement per cent series
! bond, duo 1929, recently ceiling ut
Hh, giving 6-35 per cent current ln~
tc1est; one Kansaa City Southern re-
fund'ng and improving per cent bond.
due 1850. recently ceiling at 70, yield
ne 1-"3 per cent current interest; one
Hprtn western Boil Telephone 7s, due
lVi, fncsn'ly selling at 104A, yielding
interest. and one Standard on of Cali-
forn'a 7 per c3ut dobonturo, due 1871.
recently aelliug st l04MB, yielding
s.82 per cant current i1Arszk
New-York tribune., 1921-10-16
Safe Deposit Boxes

ouestlon-Kindly advise Y1e OF tho best
way OF holding unregistered honds-by
renting e safe deposit box by dcpositing
With trust company? IN case Of ,i(, l9ss
than registered Liberty bonds. In case the
safe deposit box IS the best way, could
panics or banks renting same?-C. II.
Answer--The better way would be TO
rent u safe deposit box. You will then
have place to keep your unregistered
bonds and also your lie insurance and
other valuable papers. The Guaranty
Trust Company. which has an uptown
Office at Forty-fourth Street and Fifth
Avenue; the Equitable Trust Company,
the Irving National Bank in the Wool
worth Building and almost any large
trust company Or bank have safe de
posit noNas FOR rert
New-York tribune., 1921-10-16
Applying the Pulmotor to Stocks

gHsssnI often read ancrc columns v ts
itAsr their
AnswerPoola considered In Wall
machinery Of the markepac deal Of difference opinion
ethics Of They usually an!pulatle
and the aim Of their hackers lift of which
interested levels which Will distribution
ut profit brief speculative interest
Wall Street houses others individual
with plentiful supply Of facilitate
usually
boosting the price Of the which they
the market until pronab
New-York tribune., 1921-10-16
Philippine Land purchase IA

Question--I own some Philippine land
sTsnt bonds OF the per cent Issue. due
..sssA,'SS, and I paid as much as sl,tzo for
.he 1899 Issue Some years ago VIII these
bonds again sell around par, in your opin-
ION. or Is thero danger Of further do
prsclation In case ths United States gov.
eTnment ~ithdraws from the Philippines9
Should I sell these bonds and pocket the
loss? DO YOU cors!der the Pullman stock
at 81 good Investment? What ought /
~. A. L.
Answer-Thc Philippine Land pur
chase AZ are selling lower than they
did some years ago because the price
OF money is much higher than it was.
We think that these bonds will have
the same chance to go back to par that
other government securities with per
cent coupons will have---that is, when
money is at per cent instead OF 6 or
per cent the bonds will sell at par.
We think Pullman stock at 80 is a
good business mans investment.
Portsmouth las, due August /. 1851.
we're rscentely quoted at OTIS asked.
They sell at about 6c5 per cent basis.
New-York tribune., 1921-10-16
Three Good {ncasfr,srfs

Question-WiN you kindly advise mo II
you consider the following 20 he safe I'm
vosfmentsY Tho Cleveland Electric lliu-
rinat!nR Company 20-year per cant
sinNing fund gold debenturo bonds dve
August !. 1891; American bosch Maenefo
ooTporntion per cent sinking fund goid
no5os' 3sgo que June J, 1885; Armour g. Co 10.
Fisk Rubber So, is@1.---J. b.
Answcr--We rank your bonds IN the
order in which you have yourself ar
ranged them. We think that the Cleve-
land Electric Illuminating 7 per cont
bonds, the American Bosch Magnetic s.
and the Armour G. Co. Is are rood in
vestments. We think that Goodyear
Tire & Rubber and Fisk Rubber Sc
are business mans investment under
present conditions.
New-York tribune., 1921-10-16
Rio as and French 7i<ss

Question--I should like to ask you now
pes. 10 invest S400-arst, safoty; second
highcst rate OF interest Would you ad
siss ~. French Republic 7As? pcrha ps the
toito"ing "iu heip some. aIn nfty-nvo
EeNra old' single and no orc depending on
ne, and have some regular liberties
bought at par,--r. A g
Answer-We think French 7hs 3
good estment, but would advise vou
to wait while before purchasing them.
On tho other hand, VIC think that if
you want to put your money to work
Immediately the newly offered Rio de
Jantero per cent bonds, which come
IN $500 and 500 denominations, are
q good investment,
New-York tribune., 1921-10-16
What To Do With Senboa riis

Quest tion--Please e!ve me your opinion
OF the Seaboard Az Line refunding 4s sell
ing at 9T.--W. y. Nice.
Answer-lf we owned Che Seabosrd
Air Line rafunding As, we would sell
them as quickly as we could get to
brokers Office. We don't mean to play
the alarmist. There is Il chance that
the Seaboard may come through, but
that chance Is not large enough, we
thlnk. TO Justify holding the bonds.
New-York tribune., 1921-10-16
Answer--It is our opinion tina
A ru U1eN.eLra -. u
Cleveland Electric Illuminating Co.

ilues,!on-Wil you plsase give me your
opinion Of Cleveland Electric illuminating
Company fifteen yeer per cent mortgage
collateral bonGa. due July !. 19357--E A. s.
Answer-Cleveland Electric Tlluri-
mating Company per cent FIRST collat-
eral bonds, due 1895, are secured by
the pledge Of $7,143, 900 first mortgage
per cent bonds, due 1889 The total
issue OF the collateral 7s 10 $4,000, 900
now outstanding. We think the bonds
are good and safe investment.
New-York tribune., 1921-10-16
FINANCIAL MEETINGS
THE CHASE NATIONAL BANK
OF TIE CITY or NEW YORK.


so THE STOCKHOLDERS
Notice is hereby given thai Special
Meeting Of tbs Stockholders q ihs BErk
WIN be held al rs Banking Rooms al 3
!Sroalr way. Borough Of Manhattan. City II
New } orit State of New York on ths 1ir
day or No, e1nber, 1921. az i . O'Clock noon.
for f.ls purpose Of :atifyins and confirm
Ing ths terms ana conditions Dgreed upon
by ma 5crity Of the board of directors :
The Metropoiitan Natlonai Bank Of Il.
CITY OF Now York and by majority o.:
the board Of directors ot TINS p ilA %
consolidate the said two banking assooia-
tons into one assoeItuon under Tho cha
ter OF The Chase National Bank Of lie
CITY OF New York. and for tie transs J.
tcn OF such other business e5 nay proD-
,rly come before tho meeting
BY order Of The Board OF Directors
". P. HOLLY. Cashier
New-York tribune., 1921-10-16
Business Woman's Suitable Investments

Gu@stion-Am a business woman entirely
aependert upon ray salary, out OK which
nave saved and made the following trvcet
inents, on which I ask your crlticisn, my
flrs< consideration. ot course being seouI-
ity i; ooa o. pTine,ps 5000 Liberty fourth,
ard on OF New Jersey preferred; $500
American Telephone and Telegraph stock
now have an additional $1,000 TO invest
\. =. D.
Answe>We regard your list Of In
vestments as entirely suitable and
would rank them in just the order you
have used. For the 81 900 you now have
for an additional investment we sug-
gest good railroad bond, such as
Great Northern rs, due In 1886: New
York Central convertible debenture 6s.
cue IN 1885, or Chicago Union Station
61ss, due in 1868,
New-York tribune., 1921-10-16
nvestment Information

Questions o. general tntorsst to tn
uestors wiN Do ans,0o~ed IN this col
tnnn. IN 1oA.ch cds0 only initials totU
be nscd. Others viii 6c nns.oered 5y
mail Address all tnGuirics, {nolos~
ing stamped, addressed onvetope, to
Fsnoncio5 Editor. The Tribune, I54
Nassau Street, NeV York Citp.
New-York tribune., 1921-10-16
DIVIDEND NOTICES
WESTINGHOUSE ELECTRIC

q M4NtFAtFT Nm, tNWV -
Dividend OF two per cent fef
share) on the COMMON Stock Of 1hii COM
pany, for the quarter ending Sci ten ler ~
l92l VIII be paid October q. 1921 u siocs-
holders Of record as Of Se2.ember . III
H. +. EAETZ Tfeaslr
New York. September 20 lg1l
New-York tribune., 1921-10-16
Financing Won't Hurs A. r. l. T. Stock

ouestion--I own few shares Of Arnert
can Telephone end Telegraph stoct. Only
a short time ago they isaued new shares OF
stock. see In four papers they are con-
aideri1s issuing bonds. VIII you kindly
tell me # this Will influence the vnlus ct
the stock and Is IL q xafe inveatraent9
should Nike suggestion for 6 1900 bond.
DO you favor equipment bonds OF tho Now
York Central?-Mr.. M. o. w
Answer--It is our opinion that
American Telephone and Telegraph
Company will do some financing more
than once within the next twenty years.
but we would not let that worry us il
VIC owned some OF the stock. We be-
lieve that the company has great
future and Will expand enormously.
Furthermore, II intends to automatizc
the New York telephone system In the
next twenty years. This will require
big initial outlay and will probably
necessitate financing. But we have
great confidence In the stock It Is one
of the few common stocks to which We
give s near-inveatment rating.
New-York tribune., 1921-10-16
Some Public Utility Bonds

Question--I expect to .nvest $1,000 IN 4
long term public utility bend, yielding
about per cont. In what order would
YOU graae the following. ana hr!ehy, could
you ten why you consider the one You
would place ct the top the strongest
Puget Sound Power and Light 7's per
cent. 1871; Consumers Power per cent.
Series B 1885, Rochester Gas and Electric
per cent. Series b. 1896; Consolidated
Gas. Electric Light and Power Company
CEalt'noro) ~ per cent. Series B 1945?
New-York tribune., 1921-10-16
Answer-Wc put Rochester Gas and
Electric Company T per cent Series B


first, Puget Sound Power and Light .1an
second, Consolidated Gas, Electric Light
and Power 1s third and Consumers
Power Z per cent bonds fourth. In
making an arrangement such as this,
bond experts would differ among
themselves, and ali we can do IL to
express an opinion. The reason we
pat Rochester Gas and Electric first IS
that we think the company Is q par
ticularly sound one. 1t does the en-
tiro commercial electric light, power
and gas business in the city OF Ro-
chester-and numerous adjoining COM
muntics, serving total population
Of about 325,000 The companyyss
principal hydro-el electric, steam plant,
storage reservoir and coal and gas
manufacturing plants are centrally
located and are within the city limits
on the Geneseo River, The company
owns and operates approximately 90
per cent of the water power Of tho
Genesee Rive within the city limits.
With capacity of $4,000 horsepower.
1t owns no street railway
New-York tribune., 1921-10-16
Pittsburgh

20 Amer vit Prod OK eX es1 ss.
1890 Ark Nat Gas. a. aTs 9ss ezs
10 Am w NJ pc 75,5 1874 75ia T5iA
100 Barnsdall A.. IS 25 26 IS
2Q26 Duquasne OIL. SI SiA sss az
liz Gufey Gillspe. f4ls l4IA i%a, l4ss
20 Mrs IL g HI. 47a4 47x AIN as,
25 Nat Firepfg. \
100 do pf......... 81 II II II
10 Ohio Fuel Sup Asa IS. ASK Ask
16 Ohio fuel OH. 1914 Ieia lei, iqis
DO Okla Nat Gas. 2oA POS 20i. 2ois
5000 Pitts 81 Mt S 29c c9c goo 2sc
100 P,tts O & O. ss So sc& So
20 Union Gas...1c0 la0 l2o 100
New-York tribune., 1921-10-16
Workingman Wants Redcmption rea-
ture

Cuestton-w,l you kindly nnns. four
$500 bonds that would I've considered rea-
sonably safs foe Il work ngran two tea
tured for their comparative high yield
oNcr oN stated term OF years and two for
rhsir attractive redemption provisions
The writer has in mind the following az
suitable for these purposes: $500 Fisk Rub
Der So. $500 brazilian Government S. $500
GOODYEAR Rubber IS. $500 Kingdom OF Del
siur1 7its. Are these bonds. In your oniu
purposes mentioned or can you name
sorne Other insues that would moro nonrf,-
meet the requirements mentloned2-C. W.
Y. Il.
Answer-The Brazilian Government
SO and the Kingdom of Belgium 72s
are good bonds that meet your require
ments. Instead Of tho Fisk Rubber S.
we suggest the Otis Steel frst sinking
fund IS, due 1871. originally offered at
80, yielding $40 per cent. For the bonds
with attractive features we suggest the
United States Steel sinking fund 5s
These bonds do not come in $500 cou-
pom ominations, but nevertheless
you might we'll and safely put your
whole $1,000 into them instead Of div
idinG it between the Goodyear and the
Kingdom OF Belgium Vlss. There is
$l,o1o,oo0 paid in annually to the sink
Ing fund and this money Is used to
drAv by lot ut 10. q little loss than
100000 of bonds each year. The
current yield on the bonds ia low. They
were selling at 95A recently. but the
sinking fund provision makes them
attractive, and they have high degroo
Of safety.
New-York tribune., 1921-10-16
Chicago
Bonds
Cleveland


$4,000 c & &, c r. 5s Sia4 50 sls. "a
1000 swift lst b.. s6 IS SIS So
Weekly journal-miner., 1921-11-02
WILL SUPPORT
 VAST PROJECT
Campbell Promises Assistance to Smith-McNary Bill in Fur therance of Development of Re sources of Colorado Basin
(Journal-Miner Capital BureaD

PHOENIX, Oct "A. - Governor Thomas E. Campbell, as president ot the League of the Southwest, is in receipt of a joint letter signed by the governors of Montana, Utah and Idaho, and representatives of Colo rado and Texas, urging his support Iof the Smith-M cNary bill, intended to aid in the reclamation of the arid lands of the west.
 Commenting upon the necessity for action before congress, the letter states:
 The stakes are huge. The great undeveloped resources of the west must be promoted. The irrigation of these arid lands is basic. The sooner 1t can be done the better will be our own heritage and that of those who take our places when we fall. It will make it harder for us to go ahead and do the things we want done without your advice and cogent cooperation.
 Replying, Governor Campbell said in part:
 AS far as the League of the Southwest is concerned, and as far as l can speak for it officially, it will always work in cooperation with any and all organizations having for their object the securing of legisla- ton to carry out the irrigation and reclamation policy for which the league stands.
 The one motivating object of the league is to bring about the realiza- ton of the gigantic plan involved in the Colorado river project, which, as you know, embraces both power and reclamation and irrigation features.
 T am for the McNary bill first, last and all the time. I have been am now, and always shall be one of the advocates ion its early enactment into law"
Weekly journal-miner., 1921-11-02
1920 INCOME TAX
 ADJUSTMENTS DUE
CFrom wednesdar,s pailyl


 Those seeking adjustment of their 1920 income tax may have such ad- Justment made in Prescott during the next few days, it was announced yesterday by George M. Dickson, Ceputy United States internal reve- nue collector. MT. Dickson will be located ill the north room of the recorders office at the court house for several days, for this purpose, and requests that those who have not turned in their income tax report for 1920, as well as those desiring adjustments, see him there.
 For the information of those not fully acquainted with the income tax law and its exemptions, Mir. Dick son stated yesterday that incomes of single men of $1,000 year or less and incomes of married men of $2,OOO year or less, are exempt. Additional exemptions are granted single men who are supporting par ents or other dependents. Addi- tional exemptions for married men are $2O0 per syear for each child. Penalties will attach to those who do not turn in their income tax reports.
Weekly journal-miner., 1921-11-02
SHELTER CLOSING
 DIDN'T CLOSE UP
 HUMBOLDT SCHOOL

Even though the shelter is not running, sthe county school at Hum boldt shows an excellent attendance, lit was announced yesterday by Mrs. Ward Wheeler, county superintend- ent of schools, upon her return from a visit to several of the county schools. Good work is being done i'll all grades by live group of pu- pills under the following instructors:
 J. C. Kenwell, principal; Miss liar riett Wells, commercial courses and upper grade work; Miss Anna Nc Eachren, high-school English, Latin and upper grade work; Mrs. Mabel Ellis, Spanish and first and second grades; Miss Mabel Moorman, third ard fourth grades; Mrs. NJ. J. ..O'Boyle, fifth and sixth grades.
 Excellent schools are being con- ducted at Granite Mountain and at Huron, the first being under George Camel, and the Huron school with F pupils, being under Mrs. Georgia Barnes.