davidaulloa/AmericanStories huggingface dataset:
New-York tribune., 1921-06-26
Doctor Is Through With Amateur
Advice

ouestion-some months ago L owned
h.ty shares OF Union Pacific Railroad. One
that they would continue 70 pay 10 per
cent. that the government would frown
upon IT, etc lie advised that sell it and
buy 10 shares of Northern Pacific which I
did at 7sh, the dividend from the latter
Northern Pacific. Now she OUTLOOK is any
tinuing its dividend, at least at it's present
rate. Would you advise me TO sell 1t. take
my loss again. and il so, can you advise
anything that viii begin to give me the
yield that my Northern Pacific is doing
now? My patients have proved poor ad-
Nisers more than once. and I'm through
average yield) with a possibility of in
crease OF principal when conditions i'm
prove In other words, I'd like TO recoup
my losses. am also stung on Chesapeake
& OHIO. which stands me in 6Sis Would
you sell that?--H q. X. (M. d.
Answer--Y are speculating, not in
yesting. and We do not advise as to
speculation, because it is a highly spe
elallzed business, which requires study
and temperamental fitness. The mum
Der OF professional men who give al
most no study to it and who make a
fiat failure OF it must bt large indeed.
For instance, If you had studied
Union Pacific annual report when you
were advised to shift from that into
Northern Pacific you would have seen
tnat whatever the speculative condi
uons OF the market were, from an in
vestment point of view, the Union
Pacitic WAS in much sounder position
than Northern Pacific. We think that
some OF che foreign government bonds.
such VAS Kingdom OF Denmark. ss. cue
l946, recently selling Just below par.
nave high yield and are sale in
vestment
New-York tribune., 1921-06-26
How Maxwell Sale Works Ont

cusstson--Could you please let me know
nnether s, the reorgsni2ed Maxwell COM
pany obtained complete control OF the old
maxwell company through purchase at the
recent sale OF the Maxwell company
Bnder the reorganization plan the Max
weii Chalmers Company is to receive
yls,oeo,o09 from the sale of its stock VIII
z q, actually receive this money. that is, are
III purchasers OF stock TO be treated
equally or will some pay the full price and
others get ii for lcss?-B b. $.
Answer--The sale of the Maxwell
Inalmers companies to the reorgan-
lied company for S15,000.00o was con
nrmed about three weeks ago. This
sum will be used to pay of certain
pressing obligations. while the re-
maindcr will supply new working cap
itai. Stockholders are accorded the
same rights as the bankers in sub
scribing to the new capital. We un-
derstand, however, that the former
nave not sent in their subscriptions in
sufncient number to give them control
81 the new company. In othcr words,
{ the bankers have control.
New-York tribune., 1921-06-26
Investor Considers Shift Too Late

Question--Could you suggest any way By
wnich the following investments may be
strengthening as to safety of principal as a
first consideration? Forty shares Balti-
more & Ohio preferred 4 per cent cost
1914 income $3.50; shares Great Northern
preferred per cent. cost 131 income SIS:
b shares American Smelling and Refining
preferred per cert. cost 103M. income
ss5; 10 shares Northern Pacific Z per cent.
cost no incorne $40; 10 shares Chicago &
North Western common per cent 93s
income $50: 10 shares Union Pacific pre-
ferred per cent, income $40; $4,000 Lib
ertY fourth Az bonds, income St27.50 As
shares Pennsylvania Railroad per cent
income $9o.-A. S. T..
Answer-If you sell your Baltimore
4 Ohio, Great Northern, Northern Pa
cific, Chicago & North Western and
Pennsylvania Railroad you will get at
current market prices approximately
S4,2Oo and your income is about $4o5
from these securities. This is almost
10 per cent. You are getting approx
mately 6.3 per cent on the present
market price Of Union Pacific preferred
and less on your Liberty bonds. If you
would sell these also you would have
an additional S2,257, or a total Of
$6,462. To get the same income that
you now have you would have to aver
age per cent on them We think that
could not get much higher degree of
safety than you already have and 9
per cent. If you must have at least the
income you are getting now you prob
ably had better hold on to what YOU
have rather than try to make any shift.
The trouble is that you have not
watched your holdings closely. It is
years since Great Northern prefarrec
sold as high as 131.
New-York tribune., 1921-06-26
Brazilian, Norwegian aud Danish Bonds

Cuestion-Nili YOU kindly give me your
opinion OF the new Brazilian loan for an
investment the one maturing IN twenty
years and paying per cent interest? n
seems to me that Brazil has had to refund
sone loans in the past and has not been
too particular about financial matters It
is the maturity I would like, but wish to
have your advice as 70 security. At tho
same time wish that YOU would tell mo
the interest dates of the Danish municipal
loan and the Kingdom of Norway SIS as
well as the ma aturity dates and this prices
at which they are eallahle before maturity.
&C. 81. 3.
Answer-The Brazilian bonds are
business mans inyestm ent, in our
opinion. You are right in your in,
preston that Brazil has defaulted in
cash interest payments in the past,
funding the interest, and has not al
ways lived UP to sinking fund pro-
visions on it's bonds The Danish Con
sclidated Municipal 8 per cent bonds
are due 1948 and interest is payable
February and August The bonds were
recently selling at 9s5a, yielding s1a
to maturity is not susceptible of exact
mathematical determination. since the
bonds are callable through the WORKING
of the sinking fund, 100000 annually
in the first five years, and $3.50 900
annually until maturity, at 107;a. il
your bonds are among those called
early the profit is considerable. King
dom of Norway IS, due 1910, recently
sold Mt 1907; the interest is payable
April and October. They are callable
at 110 up to 1925 and thereafter at
10Th
New-York tribune., 1921-06-26
Grand Trunk rs Are Guaranteed

Question: hold five shares OF Northern
racine common stock, also five shares OF
also fVe shares Of Atchson common
Would you advise ceiling these at The pres
ent time and Il 30 what would be best to
put the proceeds into where one could be
REASONABLY safe and as high Weld ss
POSSIBLE With safety Are The Grand
f,runS, IrnnS IS Of Canada Just as good the
lhinh of the General Electric SIS and
American Telephone and Telegraph com
mon stocH, and would YOU convert the
rights into the common stock? Is it prob
able that the Iliil stocks win cur theIi.
dividends M II. 4.
Answer-Both The Grand Trunk Is
and the Canadian Northern rs are
guaranteed, principal and interest. by
the Dominion of Canada, and thus
have much the same security. The
Grand Trunk negotiations with the
government have Just been completed
according to press dispatches, but the
terms have not been made public
while the Canadian Northern has been
in the governments hands more than
year. We think highly Of the General
Electric 6s, due 1910. Thew are a
direct obligation of strong manufac-
turing company, which should share in
the business which American manufac-
turing companies hope will develop az
soon as the unsettled state of Europe
auaptS 1tSelf TO the now determined
conditions of reparation, In our opin-
ion holder OF American Telephone
and Telegraph common stock will be
wise to convert rights into stock, IN
less circum stances are such rs to make
any stock dependent OH earnings an
Improper investment. In our opinion
there is a possibility but not a prob
ability, of either the Northern Pacific
or the Great Northern cutting its
dividend. We would not advise you to
sell your Chicago &, Northwestern or
Atchison at present, if you can afford
| to hold common stock which is de-
pendent on earnings. There is an Gle
ment Of speculation in holding the
stocks in that you are taking the
chance that the railroad situation MAJ
not improve in the near future, but as
sumlng that you are willing to take
this risk Chicago & Northwestern and
Atchison are good stocks to hold.
New-York tribune., 1921-06-26
Feels Nervous After Buying

~ 0uest1on--l nave been reader OF Tho
TO read Your columns. Last January
thought | ought 10 get a littls more in
tsrest on my money, so wrote to a firm
OF brokers' in New Haven aakng advice.
Iney wrote advising me to take Southern
Now England Telephone Mississippi River
it powsr rs Is; Steel and Tube and United
States Rubber 5s. sold $1,000 of Liberty
bonds, $4,000 os which ] had bought at
low rate. and along with come cash, L
bought forty-four shares OF Southern New
England Telephone, $500: Steel ana TUBE;
$1,000 Mississippi River Fover Is and
$1,000 United States Rubber 5s Every
by my wife and myself, and have had
doubts since as 10 the wisdom OF il. I
nave seen YOU mention Steel and Tub
lately. { would like very much to have
your opinion about it; it is only lately
have taken any interest in such things. /
standing, and / notice that Steel and Tube
mas dropped some since ] bought II, while
the United States Rubber has remained
Southern New England Telephone has also
gone up from my purchase price of OK to
l1o. II you think have done we'll, would
YOU advise me TO sell my remaining 81 600
Liberty bond and invest in the new French
bonds which give per cent OF ANYTHING
else YOU thought reasonably safe? / hops.
along with some money in the savings
bank and local Investments, 10 have
modest income for our old days, was
thinking that later on I might purchase
an annuity with the savings bank money,
as we have no children--only relatives. 1t
would set my mind at ease If YOU could
assure me OF their reasonable safety, and
shall also act on your advice concerning
the French bond. c.
Answer--We think you have no cause
to worry about your Steel and Tube
Company of America per cent gen
eral mortgage gebonds, due 1851, if That
is what you bought. Mississippi River
Power rs are also good investment, in
or opinion. The Steel and Tube Com
pany earned $14,391 1913 net in the
eleven months ended November 30,
1920, and interest and Federal taxes
during that period called for only s4,-
lc2,349. Mississippi River Power Com
pany earnd $2,132, 174 in the twelve
months ended March 81, and interest
requirements and sinking fund called
for S1,190,613, The Mississippi River
Power rs are direct obligation Of the
company, but are not secured by
mortgage. United States Rubber first
ard re5unding per cent bonds, due
l947, are good investment, in our
orinion. We think, on the whole, YOU
have done we'll. The Southern New
England Telephone stock is dependent
on earnings, and while the earnings of
the telephone companies have been re-
m n'arkably free from depression, even in
the last year, it is not to be confused
with an investment in bonds where in
terest is defaulted only if the company
goes into the hands Of eceiver. and
is not affected by temporary fall in
earnings. Your suggestion about the
arnuity is a good one. You can get a
joint annuity which will continue to
pay income TO YOU or your wife, who
ever lives longer. In no other way
can you get as high degree of safety
and as large an income yield late in
life,
New-York tribune., 1921-06-26
Tests to Apply to New Financing

poor
coming
oana pretty eH " as sdee advantage Of the lac Of
about
woa There lot opportunities
Packard
financing preous
the d seasoned 'ssues y information M be think
eoamn nh4inatlg
Answer-The financing which is being of mixed char
The obligations strong opinion good
deposit almost the entire capital the Chicago Burlington
Quincy collateral for $23oooOooo
jointly and sveraly think that opportunity
investors TO get security that yields
and has high degree of safety.
One far fnanctg business which
this company does is speculative nature and what
the last has heen The
business the buine
nit by postwar conditions and their securities
the funding of bank loans which during
out permanent increase in earning power.
In making the following list
have also tried diversified list type
security that bonds preferred
the business whc hthe
the order Of security although may
# anything to choose
end interest by the Chicago Quincy Pittsburgh
Chicago ST. Louis Chicago Milwaukee
- ~ s a. o. sieohs - per cent II held to maturity; Govern
ent OF Switzerland recently 1925
yas s5vs per- h esa sho M % lsss
first S. due 1862 yielding current
Southern Pacific 1929 which the convertible pivje
has expired recently selling yielding per income if held to
M0hsa Power first and refundng due
S4 Welding slightly under 81.
lSoo originally
ele
company winch Belgian Trading
SODA
Feoge OF Sovay
common
due 1s4 recently selling s yielding
nearly per cent if held TN maturi Diamond
due 1885, recently selling ana
2o per cent held till Telephone IS due le4
recently seng sSs over
convertible 1885,
cent
turing
ever per cent; NO Western
first 3s due 1880 selling yielding current
~ ana an increase OF
o Colorado
eo ydlng 32 held till
Santa Fe preferred recently selling 77
efed recently selling
07
Norfolk Western
recently selling
bid asked
Equipment
ANY the
investments IN our opinion and by having $1,000
advantage
nave ready
the market q considerable
New-York tribune., 1921-06-26
Where to Find Bond Descriptions

I Question-wni you kindly let me know
if the Steel and Tube 7s are 10 be called
rs whole at 1o7 on July /, 1921? Also
Il there is a bond book to be bought that
tells the rating of bonds and what the
oonds have been issued for and any gen
sral Information of the various bond issues
20 date "a. r.
Answer There has been no an
aouncement that the Steel and Tube
Company of America Is are to be called
1T 107 on July /, and we consider it
most unlikely. John Moody publishes
(, book that gives the information
which you desire. although we would
sdvise you in using it TO form your own
opinion about the rating in bonds
cather than to depend entirely on the
authors rating, which may not agree
with other authorities. The Fitch
Bond Book gives full descriptions of
pond issues, without attempting to
grade them, and so does the Standard
Statistics Company
New-York tribune., 1921-06-26
aestion of Converting n. PC. y. e1ss

ouestion--po you think an investment
tho Grand Trunk Railway OF Canada
ftsen-yexr 6is per cent equipment trust
old certificates. serlea +, due February ],
s3S, Is good, safe and sound invest
sens2 have purchased one $500 GER
m ser sng snSd e oa
sentfon dai3y in Your column, please ad-
tse me. also purchased one Great
forfhern {, duo 9S6. at S6ia, but see you
dvise nle against converting them. May
ask why ?-H. r. NJ.
Answer--The Grand Trunk of Canada
" per cent equipment trust are, in
W opinion, high grade investment
nd YOU have no cause to worry about
s. We think that the Great Northern
$, due 1886, and not callable before
nat date, are thoroughly good in
estment, but that the 6 rs, secured by
he deposit of Chicago, Burlington e.
iuincy stock, are better. even consider
1g the half point in interest rate diff
erence. While the Great Northern rs
nil be secured by the deposit of Chi
ago, Burlington & Quincy stock, they
sfill be part of an issue of bonds under
fhich future financing may be done,
o that the equity in the Burling-
on stock may in the future be spread
iluch thinner than it is under the orig
nal joint Ga per cent bonds.
likes Hudson & Manhattan Income SIS
Question: hold the following hond4 at
irices quoted: 81. 900 fourth AZ Liberty
sis: $1,000 fourth AZ Liberty, s5A;
1000 Kansas City, Fort Scott & Memphis
5. s3; $1,000 Pere Marquette 5s II; $4,000
sansas City Southern So. 53 81, 600 New
esleans Terminal 4l2s SIS. Do YOU ad-
ise holding on, or | sell at present
srices and invest 10 better adyautageY
lave carried these bonds for about one
ear What do YOU think of New York
'entrai IS. aud Hudson & Manhattan in
ome SIS, at ssi (? Have just bought one
( each.--F. f. NJ.
Answer-We think that the Hudson
L Manhattan income as at 1914 are
airly attractive speculation, but could
lot be classed as an investment. The
Jew York Central debenture 6s, due
935, are good investment, in our
,pinion, with q high yield for the
legree of security which they have.
soth Kansas City Southern 3s and
,ere Marquette 5s are we'll secured
,onds. You could, of course, get
higher yield than you have on your
Liberties, but without the same de-
:ree of safety. We would advise you
o hold on to your Liberties and add to
hem from time to time.
New-York tribune., 1921-06-26
Water Power i'm Halifax

4 plant is under construction at ST.
Maraafet's Bay, about fifteen miles
from Haii1ax, which is expected 10 far
nish sufficient light and power for the
city according to report of Consul
General Cunsaulus. This is under the
direction OF the Nova Scotia Commits
New-York tribune., 1921-06-26
Colombia Trade Improves

While Colombian business is still in
critical condition and the effects of
the business crisis will be felt for a
long time, there has been an improve
lnent of business in general during the
'Nst nonth. Though merchants viii
need considerable time in many cases
New-York tribune., 1921-06-26

to liquidate their indebtedness, they
are making payments from time to
time, and though the last month has
shown that especially in some lines
there is a necessity TO start buying
again the dealings are largely on cash
basis and buying is confined TO what is
actually needed.
New-York tribune., 1921-06-26
Likes City of Berne Bonds

Question--Will you please advise tne II
the City OF Bcrne S per cent bond. due
ia4o, would be gopd investment for a.
working man OF moderate means Are
they taxabla outside of the Federal and
state taxes?-W. S. Nice
Answer-The Berne IS are free from
SWISS taxes and are a good investment
in our opinion.
New-York tribune., 1921-06-26
Wants to Diversity His $40 900

Qucation--As have about $4,000 TO In
yeet, which, OF courge, is very hard earned
yoBr best advice what 10 buy as am
LOOKING sor highest possible incoms with
SAFETY s combined 1. You'd you advise to
BUY now or wait, as buzaae So seems 10 be
IN very depressing statef g. Witch
would you advise to huy. bonds, stocks or
snos., snos. term m . sseuritiess tl 2 Would prefer
likely bo cut. 4. Must have ready mar
het possible 8. Bonds that Will not be
subject 70 call before maturity. / believe
IN diversifying ny money and would ask
you TO plsase mail list OF, say, $1,000 and
$Soe bonds, II you approve Of same and
besides, q number of shares OF stocks fhlsh
grade) that you would suggest. A friend
OF mine has asked mo to invest in Crown
oil company OF Texas. Would you advise
me to- II 80 where can buy it2---w. H.
Answer--We would advise you to
buy now. Money rates have been high
and corporations and governments
nave been forced to sci! securities and
to pay high interest rates to attract
capital. AS the price of commodities
goes down the price of bonds, as
rule, goes up. We would advise you
70 split your investment between high
grade bonds and good preferred stock
Most Of the recently issued bonds with
high coupon rates, are callable at some
figure above par The new Northern
Pacific-Great Northern Gas, duo 1896,
however, are convertible into Great
Northern Is, due 1885, and not callable
untii maturity The new French gov
ernment Z Aas, due 1941. are not call
able and were offered at 95. Montana
Power first and refunding 5s, due 1913,
recently sold at "a, yielding 6.35 per
cent, il held till maturity. We suggest
also Northwestern Bell Telephone rs.
duo 194l, recently sold at sS, callable
at 107t3; Norfolk g. Western convert
ible as, due 1882, on which the convert
ible feature has expire recently at
75 yielding 1885 per cent il held till
maturity; Rio Grande 4 Western first
As, due 1883. recently at SO, yielding
SO per cent if held till maturity;
recently at 84h, yielding Ga per cent
II heid. till maturity; Southern Pacific
| Central Pacific collateral As, due 1949,
recently at 6S, yielding 6.49 per cent
Il held till maturity. All Of these
bonds meet your requirements, we
think The continuance of interest
payment is we'll assured and the bonds
are readily marketable. In addition,
We. would suggest United States Steel
preferred American Car and Foundry
preferred, National Lead preferred
and National Biscuit preferred. While
the dividends are dependent on earn
i"h" "a VI Uhesc cohipdHieS nave
record for ample earnings, above in
terest charges, to pay the preferred
dividends, and their preferred stock
Is IN the investment class. Dividends
would be cut only, presumably, il a
long period of depression were to
infect seriously working capital.
Crown Oil Company of Texas stock is
too speculative for Investment. in our
opinion, especially at the present time
when even the larger oil companies
are finding it necessary to come into
the market for additional working
capital.
New-York tribune., 1921-06-26

Questions of general interest 70 m
Issstoys seiI De daswered iss this col
i,ssan, in Whick case only iastluss spsH
ISe ased. Others soill be aats,cered by
lssoii. Address ali saQai,-ies, sacios-
arg a stamped, addressed envelope, 10
k'iaonetal Editor, The Tribune, sS4
Nusseu Street, Ne;o York City.
Norwich bulletin., 1921-08-30
A. F. OF L. CLAIMS STRENGTH
 FROM OFEN SHOP cAMPAT,,,

Atlantic City. N. j.. Aug. 2s.-The open shop campaign and the aggressive hostility of unfair employees" has strengthened rather than weakened the solidarity of the organized labor move ment. it was declared in a statement tonight by the executive council of the American Federation of Labor The council based it's decision. the statement said, upon reports submitted by ar filiated national and international unions
 Analysis of tie reports. the statement said. showed that reduction in pay ment of dues by the federation's mem bership was due principally to the wave of unemployment throughout the ccun- try. Secretary Frank Morrison took oe- cason to deny reports published today that the federation had suffered a slump of 750,000 members during the present industrial crisis. MT Morrison referred to figures announced at the Denver con- vention which showed a decrease ol 172,212 members during the past year. but declined to give any figures on the present membership.
 Calling upon all affiliated unions to join in great organizing campaign, a statement by tho council said:
 "rhe executive council is keenly alive to the tremendous forces at work to de- stroy trade unionism. It is appreciative of the depFessiye industrial situation and
Norwich bulletin., 1921-08-30
FIVE CASES OF DUMB RABIES IN NORWICH

pounded. It will then cost the owner fee of three dollars to regain possess sion of the animal and application for the release of the dog from the pound must be made directly to MT. Futile, the warden.
 Deputy Commissioner Elliott has been in Norwich to confer with MT. Futile in regard to the quarantine order and will be in Norwich frequently to give the warden assistance in enforcing the order when found necessary
 In regard to the confinement of dogs during the quarantine period Commis- Eioner Whtlesey's order says:
 All dogs shall be quarantiHed in close confinement or securely chained on the premises Of the gowner or kepeer, and no dog shall be allowed to go at large on or after the date these rules go into effect until the same are reseinded ex, een dogs being held or led on leashes of not more than five feet in length helt in the hand of the owner, attendant ol keeper, hunting dogs while actually en gagged in hunting game accompanied 1 by a licensed hunter, sheep and cattl dogs while actually engaged in drivin,
 or tending sheep or cattle and accom- 1 panied by and in the control of tn owner, keeper or herdsman.
 The penalty for violation of the duar anttne order is a fine of S7 Or irnprison
 ment net more than 30 days, or both.