davidaulloa/AmericanStories huggingface dataset:
New-York tribune., 1921-11-06

We advise you to keep the Norfolk g.
Western common because the company
Is one OF the very few railroads which
will earn it's common dividend for the
current year and because the stock of
the Pocahontas Coal and Coke Company,
all Of which is owned by the railway
company, is a valuable asset, the bene-
fits of which will eventually acrue to
the common stockholders of Norfolk
& Western. We think that you are
right in holding your French cities
bonds and that interest and principal
will be paid, although it is quite CON
ceivable that were there to be serious
hitch in the German indemnity pay
ments, the market price of European
securities in this market would go
lower. We cannot give you any honest
to goodness information about the
Green Star Steamship Company. The
negotiations which are going on are
secret, as all such negotiations are. and
any information based on rumor would
be as unjustitiable as the original tin
that was given you. In deciding to buy
business investments for your mother,
have you considered the fact that you
New-York tribune., 1921-11-06

yourself might not be in a position to
advise her in regard to selling or hold
ing these securities? Of course, if
you have sufficient life insurance
which will revert to your mother, 50
that were she to lose your counsel she
would gain enough in income to make
it safe for her to hold the variety of
bonds known as business mans in
vestment, your course is entirely JUS
tifiable. Following your wishes then,
and not our own inclination, which
would be to suggest higher grade
bonds of lower Yield, we suggest Cen
tral Steel IS, due 1s41, recently offered
at 9S7a to yield about S.25; Cuban
iAPerican Sugar 1st mortgage coll
lateral Is, 1881, recently selling at par
to yield per cent; Otis Steel 1st IS,
recently offered at 50 to yield about
$40; Western MARYLAND 1st 4s, 1861,
selling at about 561 IL to yield about
ITO; Denver & Rio Grande consoli-
dated IS. 1886. selling about s9A to
yield about $50, and Atlas Powder
convertible TVS, selling at 99H tot
yield about 7.55.
New-York tribune., 1921-11-06
Goodyear Ss

QuestIon-- DO underatsnd that the
Goodyear Tire and Rubber Company sink
ing fund per cent bonds. 1871, are drawn
Ivy lot every ak monthy' and those that
arc thug druwu are redeemed at 1309 If
80. why are they not good investment O.
E II. l..
Answer--You arc correct in your un-
derstanding that q certain number Of
the Goodyear Tire and Rubber sinking
fund Ss, 19Al, are drawn by lot every
six months and retired at 120. We do
not think that this feature in itsalf
makes them good investment, how
over. That question rests upon the So
curity behind the bonds and the earn
ing power Of tho company which issues
them. Both have been somewhat I'M
paired by the recent trend Of business.
New-York tribune., 1921-11-06
Preferred Storks

ouention.-Am considering buying s
lowing companies to hold for a long nuIi :.
nited states Steel Standard OIL of New
'"rsey' .Atchison. Topeka Il Santa Fe,
ION pacihc, Mackay, North American
International Motor first and American Icn
rms would take most of my savings. the
rest being 5000 Liberty and d saving bank
account Am woriting man, but at pres.
tht making little over living expenses in
a slde line Would you consider this an
investment or speculation? l don't care to
soecuiate.---J. w
Answer-We think that the first five
preferred stocks you name are good
lnvestments. In your place we thin},
that you would do we'll to confne your
investments for the present to these
STOCKS ana TO one or two of the first
grade bonds which we frequently men.
tion in this column.
New-York tribune., 1921-11-06
Some Weak Rails

Question: am giving below list OF
bords which l have purchased recently.
and l purchased them for tho annual In
come and not for speculation. Have |
come or not Please give me your opinion
on each of the following and the changes
II any that you would recommends: $4,000
Baltimore G Ohio 6s, at SO; $4,000 Sea-
board Air Line adjustment ia, at As;
$4,000 Chicago, Milwaukee & St. Paul As,
az 70; $4,000 kellySpringheld S. at 90 :;
ssooo du pont rs. at ssis; $4,000 Fisk
$4,000 st. Louis G. San Franeisco adjust .
ment 6s. at "a 4la.-s. l.. F.
Answer-You have selected YOUR list
OF bonds with more regard to present
rate of return than to future safety; in
our opinion. All of your rail bonds are
the obligations of the weaker roads and
most OF them are very poorly secured.
Your industrials are little better, we
think, but by no means the best in their
class We advise you to sell all YOUR
railroad bonds at once. With the pro-
eeeds buy such bonds as the Great
Northern general mortgage rs, 1896.
selling to yield about $50 at current
prices; Northern States Power first and
refunding IS, 1941, to yield about 6.67:
Northwestern Bell Telephone FIRST is,
l94l, to yield about $50, and Colorado
& Southern refunding AVS, 1896, to
yield about 7.15. You will lose some
income, of course, but you will greatly
strengthen your investment position
and save money in the long run.
New-York tribune., 1921-11-06
Dunn-Pen

Question--1t is indeed gratifying TO
know that small investor can look for
have a little stock in the Dunn,pen com
pany. Inc. with Offices at 500 Madison
Avenue, New York. / have been receiving
the inclosed circulars and judging from
the text, l know there is some trouble.
WIN YOU kindly let me know IL | am
stung? Would it be advisable for me to
withdraw my money and Ii | did would
they give me the frl amount "A. A. c.
Answer-The brief history Of the
Dunn-Pen Company, now just about a
year old, illustrates some of the diff
cu'ties which beset new concerns en-
tering the manufacturing and selling
field and explains why we invariably
take the position that the stock of such
companies, no matter what the excel
lence Of their product or the character
OF their management, is speculative and
unsuited to the needs of the small in
vestor. In the case of the DunnPen
Company the auspices we're of the best
an unusual degree of merit. So far as
we have been able to learn there is no
question about the validity of it's
patents. The promoters were not only
men Of integrity and standing, but
they had had broad business experience.
Yet within year the affairs of the
company were in such shape that its
president is compelled to admit at
meeting of the stockholders that the
company's money has been expended
without his knowledge and consent;
that he is ignorant of the number and
character of the sales contracts which
the company has entered irto and that
..e does not know how many pens have
been manufactured and sold, What
ever view is taken Of the charges and
counter charges which have been made
by the various factions in the company,
one thing is perfectly clear: Much
time and energy that might have been
utilized to advantage in putting the
companys affairs on sound basis
have been expended in other directions,
so that the position OF the stockholders
to-day is not what it should have been.
We do not believe that the Dunn-Pen
Company is under any obligations to
buy back your stock. When you put
your money into the stock of a corpora
tion you become partner in the enter
prise and must take whatever comes in
the way of loss or profits. OF course,
il Is entirely possible TINT you can
find soms. one else who Is willing to buy
your stock. ~
New-York tribune., 1921-11-06
Empire Food Products

QuestionI am offered Empire Food
Products Company stock at SIS per share.
With a guaranay Of IN per, cent per
month, by John IL. Martin n Co.. invest
York City. Would you consider this 100
speculative for q small Investment ?---
II. T.. =.
Answer-We regard Empire Food
Products stock as entirely too specu-
lative for the small investor. A guar
antee of dividends, unles it is the guar
anteee Of strong and seasoned COM
pany which applies to relatively
small part of its total capital obliga-
tions, means nothing. Dividends are
not earned they cannot be paid, guar
anty. or no guaranty.
New-York tribune., 1921-11-06
Not q Speculation. but--r

Question: am holding ten shares of
itackawanna steel and ten shares of Cruel
BILE Steel The first bought at ~ and the
latter at ca. DO you think it advisa BILE
TO hold these, In view Of their recent de :
cline. or can you advise me To sell and
buy some better stocks? am not a
speculator. but bought these with the
idea of keeping them us long as possible,
as | consider both companies absolutely
safe, even though present business condi-
tsons bring even the beS- stocks down to a
low ievel.--O. +. &.
Answer-Whether you are specta-
tor or not, the advice you ask us to
give is upon question of speculation
pure and simple, and is a matter which
you will have to decide for yourself.
New-York tribune., 1921-11-06
c. & 0. Convertible 415s

Question-kindly advise me If In your
3uagment Chesapeake & Ohio convertible
~ per cent bonds. 1880. are a safe In
II. l.. '"P''
Answer-We think the Chesapeake
Ohio convertible 4las, due in 1890
are safe investment. They are not
or the highest grade because they rank
after about 500, 100000 of prior liens
but the roads showing during the last
two difficult years has been such that
we think all of its bonds are safe.
New-York tribune., 1921-11-06
The Uncertainties of Oil

Question-Will you kindly tell me II IN
diahoma Refining Company. Of st. Louis,
10 good stock to Invest In FL. p. II.
Answer-We do not think that the
stock Of any oil-producing company is
an investment, by reason Of the un-
certainties necessarily involved in the
business. No one knows how long the
properties of even the most successful
Of the producing companies will con-
tinue to yield, and this factor gives a
very speculative complexion to the
securities Of this class.
New-York tribune., 1921-11-06
Slightly Lower Yield but Safer

Question: am a widow and require all
the income I can safely receive | own
$1,000 United Kingdom oe Great Britain
and Ireland tas, 1897 $1,000 Grand
Trunk Railway OF Canada 6s 1885, and
$1,000 Pacific Gas and Electric 5s, 1e4a
have about $500 to invest now and have
been advised to buy one of the following
Southern Railway Is, 1888; St.sLouis & San
Francisco prior lien Is, 1850; Baltimore n
Ohio, Toledo Cincinnati division. IS.
1850; Missouri Pacific As 1875 Are any
of these bonds suitable, taking into con-
sidsration what already own?--Mrs.
Il. L. r..
Answer-All the bonds you name are
the obligations of the weaker class of
railroads. The ST. Louis-San Francisco
prior len As are the best, in our opin-
ion, but we doubt If any Of them are
the right sort Of investments for a
widow who is dependent upon the in
come from her capital. Why not take
slightly, lower rate of return and get
a considerably greater degree OF
safety? We suggest a $500 Great
Northern ! rs, due in 1885, to yield about
10 al current prices. or 81 900 Kansas
City Southern first 3s. yielding about
Cos at the current pr ce of about Hs.
New-York tribune., 1921-11-06
Investment Information

Questions Of general interest to In
vcstors sciu DC ansteored In this col
uu,n. IN UAich case only initials Will
De used. Others @ill be ansscercd By
sadil address oil inquiries, inclos-
ing stamped, addressed eauclope to
FiAanciul Editor, The Tribune, i54
Nassau Street, Neao YORK. CITY.
New-York tribune., 1921-11-06
Take 1t or Leave II

Question: have invested in the follow
Ing bonds: Conemaugh Power Company
OF Pennsylvania, $1,000, bought about "a
year ago. four 800 bonds American Tee
phone and Telegraph; United States gov
Pscihe, bought several Years ago: go:
five shares International Correspondence
SCHOOL: war savings stamps; United States
certificates, $500: in bank, $500. I viii
be seventy-four years OF age next Christ
mas; my income is $50 a month from
the United States government and $40 q
month from the firm l worked for. Pos
sibly ] may be as bad the coored man
VINO went TO consult a doctor AS he was
leaving the office the doctor said. You
forgot something" whats that?" "You
forgot to pay for my advice" "Oh," the
darkey replied. II did not take It," Your
advice will be gratefully received, how
ever.--W. F.
Answer-Take it or not, our advice
is yours, free for the asking. We
think you would do we'll to sell your
Northern Pacific, and possibly also
your International Correspondence
School stocks. 1t is quite possible that
Northern Pacific, together with other
railroads, might have to pass dividends
under present circumstances, and the
business of the international Corre-
spondence School is Il speculative bust
ness, to some extent. Your other in
vestments, in our opinion. are safe and
suitable for your requirements.
New-York tribune., 1921-11-06
n. Y, Westchester & Boston

0uestior-Will YOU please answer the fol-
lowing question? | am about to purchas sc
some New York, Westchester & Boston 4 u
per cent bonds, and am particularly anx-
ious to know why they are selling at such
low price, around 49, Has the interest
ever been defaulted, and what are the
PROSPECTS, of their redemption at maturity
date ?N. f. r.
Answer - New York, Westehestcr G.
Boston 41as are selling at their present
price because the read has never come
within a million dollars of earning it's
fixed charges since it was placed in
operation. The interest on these bonds
is still being paid by tho New Haven
which guarantees the issue, but New
Haven's position is far from strong.
The bonds do not mature until 1916,
so it is rather early to begin to figure
whether they will be paid at maturity,
but it is obvious from the market price
that investors are very uncertain not
only on that point but also as to how
long the interest payments will be con-
tinued. If you are going to buy them
you should do so in the realization that
they are in no sense an investment,
but are rather an uncertalnl specula-
ton
New-York tribune., 1921-11-06

German Iron Arriving in Japan
German iron has been arriving In
Japan in small bulk recently states
the Japan Chronicle" 1t was bought
at 140 to $50 yen about April, but IN
quoted at 1913 yen in September.
New-York tribune., 1921-11-06

in hides. except that along routine
lines. With small stocks Of packer
hides in the hands Of most dealers. few
significant developments are exueetea
until next month, when larger supplies
will be available. Despite the meAgef
demand, prices have ruled firm.
New-York tribune., 1921-11-06
Seek to Make
Securities
Attractive
Continued from Page Six

through the proposed exemption of I
constWlse shipping from payment of
tolls on the Panama Canai'
New-York tribune., 1921-11-06

a tuN column of inres,-
ment questions and nns,cers
is published in The Tribune
crery rreekday.
Evening journal., 1921-08-02

bayberry candles Gig p and mold
part in thimbles. the wax to be taken
out when cold and fastened into the
natural acorn-cups.
These acorns are fine to pre-
sent TO friends TO use for rubbing
over hot irons. helping the irons TO
run smoothly, and at the same time
cheering the ironer with bayberry
fragrance.
You can mold a larger acorn
shape by using an egg-cup as a
mold and making an acorn-cup for
the wax Of birch bark or very stiff
brown paper Gig. 81.
Fashion bags of thing white mate
rial Gig. 4) about the size Of an iron
holder. and fll them with the berries
themselves as stripped from the
branches. These do not need to be
boiled. Place in each bag only a suf-
ficient quantity Of berries 10 MI the
bag evenly as It lies fiat on the table.
The bags are also to be used in place
Of beeswax when ironing.
Another article OF outdoor mate
rial is the long thorn Gig. 50. Gather
number of these and push a thumb
tack up into the blunt open end OF
each thorn Gig. 60; then they will
be ready to use in open-work en-
broidery. for punching holes through
the material to be embroidered.
All these outdoor-material articles
are good sellers for fairs and make
Evening journal., 1921-08-02

Of John Leasure. Jr., residing on the
Bedford road, seven miles from
Cumberland. captured large chick
en- hawk with her bare hands.
IL measured fifty-four inches from
tip 10 tip OF wings. and is being
kept alive in a cage. The hawk
darted down to seize a chicken and
Miss Leasure made a dash for Il
and grasped II in such a manner as
10 prevent her from being lacerated
by either beak or talons.
Evening journal., 1921-08-02
Articles to be made with Baybcrries

gathering. as the true outdoor girl
knows.
Large quantities may be collected
in almost no time by a group OF
happy. laughing girls.
You will need lots Of berries. Have
"Bayberry Bee" that means lit
tie gathering where every one pres
ent helps.
Boil the berries and collect the
wax by skimming the water. When
sufficient wax is obtained, melt all
of il together. Use part for small
Evening journal., 1921-08-02

This is the third of six Summer
Stunts for Girls" written by Dan
Beard. who is National Boy Scout
Commissioner OF America and also
interested in the Campfire Girls.
BY DAN BEARD
National ROy Scout Comm fssioner
Evening journal., 1921-08-02

W good and spicy
they smell when
broken. these waxy.
light gray bayber-
ries, a n d n o W
tightly they crowd
{ o g 9TH er in
punches on the
branches Gig. -.
II is a Joy "a
find the hard lit
tie n t-b erry
which. years ago
lighted the log.
Evening journal., 1921-08-02

unique birthday and Christmas gifts.
Tomorrow Dan Beard will tell
you how you can have fun with an
apple.
Evening journal., 1921-08-02
GIRL SEXES HAWK
WITH BARE HANDS

CUMBERLAND. Md. Aug. o.
Miss Ida Lucille Leasure. daughter
Evening journal., 1921-08-02
Bargains at Which You'll Wonder

And tho hundreds OF people who will visit
Grants tomorrow will not only purchase mer-
chandse that is abnormaiiy priced below its in
trinsic worth but take with them the confidence
that they have bought apparel that will give won
derfui service is part Of the best fashions
and have saved real money-and great deal Of
Evening journal., 1921-08-02

cabin homes OF our early pioneer
settlers. and they are well worth
Evening journal., 1921-08-02

In a carnival OF bargains is DOLLAR DAY.
Grants has been mindful OF Its cherished
reputation a trustworthy shop. We cannot
afford to offer anything matter how low the
price unless II has the merit that will be source
OF pride to you and TO visit 10 Grants to-
morrow cannot help but Increase your enthusiasm
for DOLLAR DAY. Wise shoppers viii come
early.
Evening journal., 1921-08-02

National Boy scout CommissIoner.)
The Richmond palladium and sun-telegram. [volume] (Richmond, Ind.) 1907-1939, 1921-01-12
COMMUNITY SERVICE
EXPLAINED WEDNESDAY

Community service through the Ma
tional Community service organization
will be explained by representative
of the body at meeting of the Health
and Recreation committee of the
Chamber of Commerce at p. M We'd
nesday. The meeting is to be held in
the Chamber of Commerce rooms, K.
of P. temple.
Ora Stegall. chairman of the local
committee, said that the organization
for community service was in opera
ton during the war under the title of
War Camp Community service. At
the close of the war the body had a
large sum of money on hand This
money is now being used for develop
ing talent among persons of a COM
munity who would not have had the
chance of improving their talents
otherwise. The entire plan is to be
outlined by the speaker.
Providing Richmond citizens are
eager to grasp this opportunity Of
fered, the service organization will
have a man placed in this city for
several months, after which a local
man will be chosen to take charge of
the work. Persons without the means
of developing a talent in which they
excel, will be benefited by the service
if brought to Richmond, it is said.
The Richmond palladium and sun-telegram. [volume] (Richmond, Ind.) 1907-1939, 1921-01-12
MILK CHEAPEST FOOD,
CONSIDERING VALUE,
DECLARE DAIRYMEN

That milk is the cheapest food pro-
duct, considering its food value, is the
statement of a member of the firm
Of the Bealview Dairy.
In proportion to the original cost
OF the milk in a bottle. there is more
spent on handling, delivery and other
labor costs than on a 10-story build
ing" he said. yet, comparing the
final cost of the milk with the cost OF
meat of equal food value. for instance,
it is much cheaper"
Our costs have been much higher
this last year than before" said the
distributor. For instance, caps that
cost $11 a barrel in the fall of 1919
were up to $35 barrel a year later
Bottles also cost about nine cents
apiece now, as compared to four cents
two years ago. Thus a bottle of milk
represents an investment of consider
ably over Is cents and our profit is
more than wiped out when, as some
times happens, the bottle is misappro-
priated.
Protect Purity
The methods followed in a modern
dairy for protecting the purity of the
hiiih OIL e llIcIcStluS. lie bedINloW
dairy washes out cans and other milk
containers with hot water in which Z
special soap made for dairy use only
is dissolved, then rinsed in clean hot
water and finally sterilized with
super-heated steam. The bottles are
sterilized in special racks, holding a
number of bottles, which are inverted
over steam pipes which have a jet for
each bottle. The tanks and other sta
tionary containers have hot water and
steam piped to them
The Hines dairy, which also was
visited, has the arrangement of the
machinery especially designed for
quick and easy handling of the milk.
All milk, as it is brought in in the
cans, is emptied into a tank. in which
it is weighed and each mans weight
credited to him. Samples are also
taken at regular intervals of the milk
from each farm.
Milk Pasteurized
! From the tank the milk flows by
gravity to heating tank from which
it is pumped to the flash pasteur
izer" which pasteurizes milk without
using an excessive temperature and
thereby affecting the taste of the milk
! Then the milk flows into another tank
! the holder, where it is held for hall
an hour at 145 degrees Fahrenheit
A rotary pump lifts it from the holder
to the cooler, a coil of pipes with a re
frigerating fluid.
A collecting trough beneath the
cooler runs the milk through a pipe
to the bottling machine, where i
flows through a strainer into a revolv
ing tank. A table beneath the tanl
The Richmond palladium and sun-telegram. [volume] (Richmond, Ind.) 1907-1939, 1921-01-12
OHIO WOOL GROWERS
SECRETARY FAVORS
DIRECT MARKETING

COLUMBUS, Ohio, Jan. 12.-Taking
direct issue with the statement by
Senator Capper of Kansas, that THE
crux of the whole agricultural situa-
ton at present is the owning and con-
trolling by farmers themselves of their
own warehouses" J. F. Walker. secre-
tary of the Ohio Wool Growers asso-
citation, in statement made here said
that he believes cooperative market
ing is the only salvation for the far
mer at the present time. especially OF
those in the wool growing states.
THE other day man came into our
Columbus warehouse and watched the
sacking of 100000 pounds of wool
from his own section of the state, and
sold by the association at price of
80 cents per pound.
The farmer volunteered the informa-
ton that the same grade of wool was
being sold in his section for Is cents.
That farmer had an increase of 80
per cent in price by bringing his wool
to a cooperative warehouse" said
Walker.
Many Subscribe to Plan.
The fact that farmers themselves
are firm believers in cooperative ware
houses and market is shown by the
ldSL IudI 10 per CeuL Vi luo ldTIueI
approached who have known of the
developments of the Ohio association
and have been in touch with it's opera
lions have subscribed for stock in the
warehouse. Applications for stock are
coming from the neighboring states
from which wool is received al
Columbus.
Recent developments show that the
Ohio State Grange and the Ohio Farm
bureau will not only give their moral
support to such marketing efforts, but
will actively take part in making them
good proposition, and wool growers
| should be proud Of the fact that they
have been among the pioneers in
| shortening the road from producer tC
| consumer and securing fair values fol
| their product" Walker said
Since the first of the year re
newed activity has been noticed in the
wool market. Orders have been book
ed for one quarter blood at % cents
! two thirds blood at 80 cents, hall
bloods at 81 cents, another lot at 81
cents, and larger order of delaine al
As cents. These orders have all beer
| shipped from Columbus warehouse O.
Ohio Wool Growers Association.