davidaulloa/AmericanStories huggingface dataset:
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1921-12-03
Nominations by Governor

The following nominations were
made on Friday, Dec. 2 by Governor
Baxter:
Chairman Board of Registration
William r. Gay, Gardiner; B. E. Fol-
som, Augusta.
Member Board of Dental Examin-
ers-Dr. Henry Gilman, Portland.
Probation Officer-Fred E. Ellis,
Waldo, Belfast.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1921-12-03

regulate diet as kathryn Marie grs
older. :
Bouncing In a white baby carri1s
propelled by a blushing coed, NJ
ryn Marie already is a favorite on Y
university campus. around which Z
IL pushed for her daily airing. :
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1921-12-03
EXTRA SPECIALS FOR TO-DAY

39c-49c Scrims and Marquisettes, 25c per I'd
Grey, Tan, White Blankets, full size,
S2.65 per pair
S1x90 Sheets made of fine bleached sheeting
at less than mill price today, SIPS each
42x96 Pillow Cases made of fine bleached
tubing, less than wholesale today, Csc each
Fancy Outing Flannels in some of the sea-
sons best colorings, p inch, very heavy,
15c per yard
Fancy Turkish Towels, 1Sx34 inch, real SOC
towel, 39c each
Fancy Turkish Towels, big and we'll made,
Toe value, 42c each
Heavy Jersey Suitings in desirable mixtures,
all wool, Sd inch, a S3.9S value at
$3.50 per yard
A inch All Wool Serges in blues and other
colors, one of the best values we have at
S1.19 per yard
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1921-12-03
Dress Goods
Suitin@s and
Coatin@s

Proper things for Dresses, Suits, Skirts,
Coats.
All Wool Serges at
79c, CSC, s1.1O, s1.5O to $3.50 per yard
Poiret Twills, .S3.9S to $3.50 yd
Duvetynes, S2.9S to S3.9S I'd
Heavy Gabardine Suitings, S5.5O-$6.75 I'D
Silk Poplin Crepes, $3.50 I'D
Silk Poplins, $3.50 I'd
Dress and Suit Jerseys, $3.50 yd
Checked Duvetynes, SOS yd
Checked Velours, S2.98 yd
Plain Duvetynes, sos yd
Heavy All Wool Coatings 1895 yd
Heavy Velours, 1895 yd
Fancy Skirtings some imported,
S3.9S to $3.50 yd
All kinds of Wool Plaids, S1.50 to $3.9S I'd
Plain Satines for Innings,
29c, SOC, SOC to $1.69 I'd
Fancy Satines, SOC, 69c, S5c yd
Seco Silks, all colors, SOC yd
Jap Silk for Lingerie, sec I'd
New-York tribune., 1921-04-24
Chooses Good Power Bonds

Question--A retired business man has a
few thousand dollars to invest and desires
selection OF bonds, with safety first
consideration. Tho following list has been
recommended as fulfilling the element OF
safety combined with fairly high yield.
We would appreciate your advice and any
Information you can give us as to security,
prior liens. etc., in connection With these
bonds. Would you consider tho present
good time to purchase? Vacuum Oil
Company per cent bonds due 1895. at
100. Niagara Falls Power Company first
and consolidated mortgage bonds. due 1850,
at 30; Cleveland, Cincinnati Chicago & st.
Louis Railway refunding mortgage per
cent bonds, due 1929. at 8Sia; Southern
California Edison Company general and
refundtng mortgage per cent bonds, due
ACKNOWLEDGEMENTS Power first and
5s are due 1860 and Niagara
Falls Power first IS are due 1882.
Which do you mean? Both are secured
by first closed mortgages and, in our
opinion, are good investments. The
Cleveland, Cincinnati, Chicago & ST..
Louis IS, due 1922 are a general lien
on the property of strong railroad
company (part of the New York Cen
trail system), but are junior to $74,033,-
500 underlying bonds. We consider
Chem reasonably safe investment The
Southern California Edison is strong
gas, electric light and power company,
in our opinion, and bonds are secured
by direct mortgage on all the prop
erty Of the company, including seven
teen hydro electric plants.
New-York tribune., 1921-04-24
Considers Selling Japanese Bonds

Question: own five $1,000 japanese 4s.
purcha at Ga, and am considering sell
mestic securities or sterling bonds Would
an investment in Hudson & Manhattan SIS
at sd,,Sa 20 .s5 or st. LOUIS g. southwestern con-
give me an investment equal in security
with the Japanese As? Or might buy
kingdom Of Norway steriin as, loan OF
lsss at s3ao. or Kingdom Of Denmark As
lean Of 1912, at $3.50, or Argentine sterling
loan OF 1855. have also thought Of buy
Ing the City of Toxic sterling 5s at 5s.
Are Al they not As safe as the japanese 4s?
o. Cnlnese Government Hu KuanE Rail
way 6s of 1851 at 40. Why are they sell
ans,s, ing 80 low? Are Erie prior lien As we'll
switch?-E. l.. j.
Answer - Erie prior lien 4s are
secured by first mortgage on parts of
the Erie Railroad. 1t is bond under
lying the bulk Of Erie bonds and as
such would probably remain undis-
turbed even in receivership. Your
questions indicate, that you place yield
ahead Of the highest degree of safety.
mat being SO, we think the Erie prior
hens a good investment for you. The
credit of China has been GOOD and we
think that Imperial Chinese Govern
ment HUI Kuang Railways IS due 1851
are good investm if you follow
closely the political Developments in
China and Japan. This applies also to
your Japanese bonds. Both she Japa-
nese 4s and the City of Toxic IS are
sterling bonds, purchase of which in
wolves a speculation in sterling ex-
change rates. Both depend primarily
TOR security on the good faith of the
Japanese people.
New-York tribune., 1921-04-24
Dividends on Mareined Stock

Question-When carrying stocks on mar
gin with broker am not entitled to such
dividends as may be declared during the
period the stock is earned? rs a dividend
or record lien when declared or only
when actually paid Is there any information
IN published form showing when dividends
and interest are payable on stocks and
bonds listed on the New York Stock Ex
change? What is your opinion OF Chicago.
Milwaukee st. Paul gold per cent
bonds due 1925 as Investment -. A.
Answer-You are entitled to divi-
dends paid on stock carried on 4 mar
gin at a certain time, fixed by the Nev,
York Stack Exchange, after a dividend
has been declared and before it is
paid, at which time the stock begins
to be sold ex-dividend. Stock bought
before this time is entitled to divt-
dends when paid and stock bought
after this time is not entitled to that
dividend The Commercial and Finan-
cisl Chronicle publishes tables show
ing when interest on bonds is payabls.
Under present conditions we think Chi
csgo, Milwaukee & St Paul 4s, due
1925, rather speculative. For stocks.
consult the dividend table. In The
Tribune
New-York tribune., 1921-04-24
Investing in Poetry

Cuestion--several OF my friends have
aavcd up $i.6o and have asked my advice
about investing ther money In copy OF
Cnaccustomcd AS Am. by Morrie Rys-
kind. published by Alfred A. Knopf.
have taken tho liberty OF telling them to
SO TO It, hut one OF my friends Is a young
widow who depends absolutely or youl
advice, and. while she trusts me Implicitly
YOU know how Young widows are--she
wants to know what YOU think OF 1t. From
Information furnished mo by the pub
Usher. It looks as though there would be
4 new issue of this. which would make
the first edition very valuable indeed 1t
looks tofino like a good buy for the money.
whereas otherwise ehe. will probably in
vest 1t in oil stock. which means good
by to her money. I know this is un-
usual request 10 make OF you, but ! am
doing this for the widow and her
kiddieS---M. r.
AnswerAlfred Knopf E. Co. is q re-
liable firm, but, like the bond houses.
it believes the statements made in this
book are true, but does not guarantee
them. AS financial men, We cannot
undertake to pass on the merits of this
poetry, but we think it obviously su-
pcrior to wildcat stock. 1t contains
mctrical verse whereas the ordinary
stock certificate is done in prose. We
refer those who want to speculate in
this field to the literary editor.
New-York tribune., 1921-04-24
Still Hankerinx for German Marks

Question: would be under oblir atiorv
X you would be good enough TO give me
some information az follows: DO you think
investment In German city bonds safe
proposition. and what are the prospects
OF marks recovering until ultimately nor
nal exchange will be reached? Did you
hear that sonc time last year German
city bonds were traded in on tho New York
Curb to the number OF $4,000 pieces in
day? This statement l read in a circular
Of a foreign bond broker. I was offered
price taat, for any city honds Gcrma NJ
right? Has the broker the legal right TO
charge more for German bonds than the
market price for the mark (prevailing
ultimately to normal. How about it =
0. X.
Answer-Buying marks is a gamble.
The government printing presses are
grinding out paper money by the billion
marks, and they have been doing so for
nearly two years. Such currency imitation
hits bonds, which bear a fixed interest
return, harder than almost anything
else. II the mark ever returns to nor
NAL they may be paid in the new nor
NAL mark or they may not. 1t is i'm
possible to predict on that score at
present. When you buy German marks
in this country great deal depends on
the broker with whom you deal. You
have to depend on him to sell you
authentic bonds, with the proper
coupons attached, and at the right
price. We suggest that you read "Cur-
rency Crnsuses" in last weeks Satur-
day Evening Post. We think it Will
dispel any hankering YOU may feel for
exchanging United States dollars fer
paper marks. A broker can charge
you anything he likes for MARKS. If
he represents the price to be the mar
ket price when it is not he might be
liable for fraud, however. The volurnc
of German bond trading you cite is
not large.
New-York tribune., 1921-04-24

A syndicate composed Of the Ma
tional City Company, Harris, Forbes
& Co.. Montgomery e. Co. and Graham,
Parsons e. Co, is offering 81 900 900
City OF Philadelphia School District 5
per cent gold bonds, dated May 2, 1921.
and due November l. 1881 to 1850 in
elusive. The bonds are exempt from
Federal Income tax and from Pennsyl-
vanla state taxes. They are payable,
principal and interest, from taxes
levied against all taxable property
within the school district, which is
coterminous with the city of philadel-
phla.
New-York tribune., 1921-04-24
Win Invest s5eTa Mooth

Cuestion-lIsve been advised :. nur.
chase Bush Terminal Building e,orr,apy ?
per cent preferred stock or the nrst NOR.
gage nfty-year sinking fund Yer cont
a safe investment for man on saiarv
and able 70 save about $50 month. Nov
nave $1,000 for Investment and would
greatly appreciate your advice Have Iih
erty bonds Straus mortgage hnnss 80
some Cities Service debenture Dbl. K
Answer--We consider the first mort
gage per cent sinking FIND honda Of
the Bush Terminal Building COMPANY
as safe Investment The preferred i
stock is somewhat Speculative New
York Central per cent debentur.
bonds, due 1885, recently selling Al ss
to yield 7.35 per cent if held to ma
turity, are in our opinion a good in
vestment for the requirements you
New-York tribune., 1921-04-24
New York Central Debent,re 6.

ousstion--I own Ave Chicago Telephone
Std OF Sst. These. bonds are quite in
active. i believe. but mature in 1928.
Would you favor swapping them for five
New York Central debenture IS, selling
about points lower and paying per cent
more interest? How. are these bonds Sc
cured, and do you think them safe for. a
Miss V. 8.
Answer - II held to maturity and
paid, as we think they will be, your
Chicago Telephone IS, due 1928, yield
over 8 per cent. On the other hand,
New York Central debenture IS, due
1885, At present prices yield 7.39 if
held till maturity. If you make the
switch you exchange short-term high
yield investment for long-t term one
with lower yield, This is different
way of looking at it,. We consider the
New York Central debenture IS as a
good investment, but for a. woman
only it she is willing to take the
trouble to watch the railroad situa-
tion and at least the yearly earnings
of the New York Central.
New-York tribune., 1921-04-24
Investor Plans Two svitcb..

Question: have ten shares OF Great
Northern sbought at about lDO and 1900
IN victory notes. 1t seems to me 1t would
be wise. in view of their becoming due 50
soon. to exchange the Victorys inr lon,-r
term securities, which can be ,al now. al
prices to give larger income for longer
period, which may not be possible in two
Years. Would | better my position if 7
should sell the Great Northern and buy
hudson d. Manhattan first and r fund.- NJ
os' VIII you kindly suggest a chan~e
which would be wise for to make and
ms ntlon a few good bonds which would
'lf.d a current income OF about per
Answer-We think you are right in
wishing to shift from Great Northern
preferred to "a long-term bond Your
Victory notes, \if held to maturity,
yield you 5.85 at recent quotations.
II you think that between now and
1923 there is going to be a considera BILE
rise in bond prices it might be wise to
sell the Victory notes. We think that
Swiss IS, due 1910, at 104, yielding
7.67; New York Central per cent
bonds due 1880, selling at par; Cerro
de Pasco Copper IS, due 1881. at 105.
yielding current interest of 1852. and
Northwestern Bell Telephone rs due
l94l, at 98, yielding over z per cent
current interest, are good investments
and better meet your requirements
than Hudson & Manhattan first 5s
would
New-York tribune., 1921-04-24
The Editor Gets 1t Both Ways

Question---A few days ago you answered
an inquiry regarding an Investment In ths
was exactly fair. we'll know that 1t Is
net bond one claims II is. but as an
investment In an indus rial company Il
Is good Investment. The product Is
without question the best tho United States
has soy yet a,n seen, The capital Is small, only
high class business men who arc working
hard to make tho company great sue
cess and keep every promise made. Ths
month. Last weeks output was about
1000 pens, and every ono !, sold to
a,so neouE 1000 dealers in New Sor nna nnd an,
tertisihg, Personally, cannot speak too
highly regarding the pen. the mon In the
Possibly IT. because am very healthy
man. therefore an optirlist, and am also
blessed with an intellect that gives me
have Travelled much. both hero and
abroad; + know people, and l know also
That the Dunn pom has real future In
we'll know men IN your position and views
fil desirable niche. a vast number Of
New York folks haven't any ideas on any
thing. not even a job they may hold. and
certainly make jolly asses of themselves
when 1t comes to investing. but, the
other hand, ! often wonder why some OF
Wall Street and start a movement.
tho aim being to get men and women to
think and investigate. So long as any
crook IL allowed by law to start and pro-
mote any sort OF crooked corporation
tyou and J. no doubt, can name several
sonhand) we are helpless excepting along
stop your profanity; 1t will do it: IN
show you how to use it il YOU like
q. M. II.
Answer-Ho! Hum There you co.
sputtering away at US because we hurt
your feelings by what we said about
Dunn Pen stock, and in the same mail
We received from the company itself
letter which said the company appre-
ciated "the kindly character" Of our
response to the very same question.
Things like this make life interesting
for newspaper editors. They can de-
vote all their energies to discovering
the truth and making true statement
OF the facts, and then find that what
is said means opposite things to diff
ferent persons In this case we think
it is you who are wrong. We are glad
you have good health and don't mind
your being an optimist, but if we let
our good health and optimism color
our judgment of securities we would
probably be forced to do penancc
through all eternity. People work hard
4of tnclr money and you cannot deposit
rainbows in bank. Your idea of
good investment is different from ours.
We test a security according to ten
positive norms. They are: Security of
principal, stability of income, which
includes earning power; fair income
return, marketability, value as collat-
cral, duration or maturity, care re-
quired Con the part of the investor),
tax exemption, denomination, appreci-
alton in market value. They are all
fair tests, we think. You say you are
blessed with an intellect All right.
We suggest that you cool off, and then
take your Dunn Pen stock and check
it against each one of our require
ments, and then decide whether it is
good inve estment.
New-York tribune., 1921-04-24
Examines Bait Before Biting

ouestion-Please give me your opinion
OF Elgin Motor Car Corporation Of ArGo.
Illinois. l have been advised to buy ten
shares of this stock by friend with the
Franklin Service Corporation. at Newark.
n. j. Par value of stock is $40, and they
are selling it for SIS per share. How do
you account for this when other motor
stocks are way below par ?-E. A. NJ
Answer-The reason the Franklin
Service Corporation is selling Elgin
Motor stock for SIS share is that
most people to whom it is offered have
not sense enough to stop and ask the
question you put about the justification
for the SO per cent premium. Certainly
the stock is not worth $50 per cent Of
par, and in our opinion the Franklin
Service Corporation, which is an adj
junct Of the motor company itself, has
no business asking any such price. We
suggest that you put your 81, 900 into in
vestment issues, such as we frequently
mention in these columns.
New-York tribune., 1921-04-24
Holds Speculative Stocks

Question: have purchased shares of
Industrial Alcohol common at S3, Interna-
tional Nickel at 154, Crucible Steel at 49,
United Drug at 9S and Worthington Pump
and Machine at 48. What Is your opinion
of these shares as investments? DO you
think that they are good fdom specu-
lative standpoint?-H S. B..
Answer-We do not advise our read
ers how to handle accounts in specula-
tive common stocks such as you men
tion. Unless you watch them closely
you run the risk Of serious loss, with
out any evident chance of compen-
sating immediate large gain, in our
opinion.
New-York tribune., 1921-04-24
Security Of Atchison Bonds

Qucstion-Will you kindly give me your
opinion OF the following bonds an in
vcstment for ono who wants safety OF
principal? Westinghouse Electric rs. due
ia.l: Atchison. Topeka Santa Fe gen.
cra As, due 1895: also Atchison, Topeka e.
Santa Fe convertible 4s. 1856. Will you
tell me which Of these Atchison bonds you
consider better and will you give me the
reason? Will YOU also give me your opin-
and which of them you consider best p
" r. b.
Answer--The Atchison, Topeka &
Santa Fc, general As due 1896 are Sc
cured by first mortgage on con-
siderable part Of one of the strongest
Of American railroads. They have
greater mortgage security than the con-
vertible As. and therefore are a higher
grade bond. We think equipment trust
certificates arc good investment. They
represent ownership in cars or loco
motives and interest on them, when
issued by large railroad companies,
has, so far as We know, never been
defaulted. Norfolk & Western per
cent certificates due 1880, selling to
yield between 61a and per cent; Louis
Vile & Nashville 61.s due 1886, selling
to yield between G1s and Z per cent,
and Southern Pacific Is due 1885, SELL
ing TO yield at abou. the same, are,
in our opinion, good investments.
New-York tribune., 1921-04-24
Financial Items

The Bankers Trust Company has been
appointed registrar OF the : per cent sec
ond preferred stock and common stock Of
,he tsritish Empire Steel Corporation
The Bank of America has been an
potnted depositary OF the Denver Tram
way Company I per cent collateral trust
eolu notes. under agreement dated April
-. ana OF tho Brooklyn. Bath & West
nortgags gold bonds, due 1898
me Guaranty Trust Company of New
YORK mas been appointed transfer agent
OF capital stock of the Durant Motors
Incorporated.
New-York tribune., 1921-04-24
Urban Stock Speculative

Question--Will you kindly give mo some
information about the investment the
Urban Motion Pictures Industries. Inc. Is
Offering ?-P. J. w.
Answer-Urban Motion Picture stock
is, in our opinion, too speculative for
investment. We advise you not to
buy it.
New-York tribune., 1921-04-24
Paying for Marketability

Ouestion-To make matters clear will
say that | understand that rar5etabllity
as we'll as stability costs money. Also
that there are other considerations that
cost which the average investor would not
care for For instance. New York Dock
first mortgage bonds are now selling on
a per cent current yield basis, while
the great railroads underlying bonds are
selling on about per cent basis current
yield. would you regard this difference
as Interior or intrinsic? What book can
buy that will give me the various obliga-
tons of the great rail systems and their
relative merits regards priority In the
face OF default disaster? AS a matter
OF ordinary human experience would you
consider New York Central sia, 1885, quite
as safe as New York Central 3la, 1897:
II. c. u.
Answer-The difference in price and
conversely the difference in yield be-
tween seasoned railroad bonds and
New York Dock first mortgage bonds
is pretty surely largely an ulterior
rather than intrinsic difference. If an
institution, holding a large block of
one issue of gilt-edged railroad bonds
were to undertake to sell them in the
open market the probable result would
be drop in price and correspondingly
higher yield until per cent might
easily be crossed. Poor's Manual of
Railroads gives a comprehensive de-
scrlption of railroad bonds and their
mortgage security. AS matter of
ordinary human experience New York
Central 61as due 1886 are nearly as safe
as New York Central first 3 rs for the
man or woman who can and will fol-
low the trend of the company's bust
ness. Assume that disaster in the
shape of an incompetent management
should fall upon the New York Central
and in the course of few years the
road were driven into bankruptcy. The
3l2s would probably remain undis-
turbed and without interruption Of in
cerest payments. The holders of the
6l2s, If the reorganization were dras-
tic, might have to accept preferred
stock for part of their holdings.
New-York tribune., 1921-04-24

Qwessscws sf general interest to n.
vsstsrs scill be dnsreYed in this cel-
NHn, IN sDhich ease only initials Will
bs used. Others seill b amstueved BY
mail. .ad1yess all inquiYies, Gnolss-
sng Z stamped, addressed enrelepe, e
Ftnancisl Editor. The Tribune, lSI
Nessdu Street, Ne.o York City.
New-York tribune., 1921-04-24
Western Pacific First S.

Question--Will you kindly advise me in
regard to the Western Pacific bonds IS.
due 1892? The bonds are quoted at S2ia.
w. D. II.
Answer - Western Pacific Railroad
first per cent bonds are due in 1946,
not 1922. We consider them fairly.
safe first mortgage railroad bond.
New-York tribune., 1921-04-24
Effect of Stamps on Chinese Bonds

Question--Kindly inform me how ! can
distinguish between English stamped and
Chinese government IS OF 1851 in f1o0 de-
nominations. Is there any reason for
China TO refuse payment OF interest or
principal on her 1861 So held by Germany
during the war, and Is there risk in hold
ing the German stamped bonds ?---B. NJ. f.
Answer-The stamp, German or Eng
lish, on Chinese 5s, due 1861, is not
now of significance. There are Ger
man stamped bonds that are good de-
livery in New York, and some that are
not stamped that are not good delivery.
When the bonds were issued, before
the war, some were sold in Germany.
The Chinese government kept record
Of the numbers of these bonds, and
during the war refused to pay the in
terest on those bonds that had num-
bers showing they were issued in Ger
many. Some bonds, however, had been
ssold in Germany, but had come to this
country before the United States got
into the war. ]. P. Morgan & Co. tool.
this matter up with the Chine segoy-
ernment, and China is, we are in
formed, paying interest on these bonds.
Morgan & Co. will, we believe, let you
consult the table showing the num-
bers on the bonds that are good de-
livry-that is, on which interest is be-
ing paid. 1t is believed that eventually
China will pay both interest and prin-
cipal on all bonds, whether sold in
Germany or not. The delay and trouble
involved, however, to holder of Ger
man-number bonds makes them sell
about IA points below the good delivery
bonds.