davidaulloa/AmericanStories huggingface dataset:
New-York tribune., 1921-08-14
Australian Wool
Man Sees Better
Trade With L. S.
Hampden Beaumont Says
Closer Relations Coming;
Most Wool Held in Anti
podes of Inferior Quality

BOSTON. Aug. Hampden Hcau-
mont. of Thomas s. Beaumont & Son;
representatives in Melbourne and sgd
ncy. Australia: Of Joseph H. WheeiocS
& Co. wool dealers mere, who is n
this country on business trip. says
that there is feeling in Australia
on The uart of those Informed cor
oerning the British Australian Wool
Realization Association that, when the
tariff IN the United States is definitely
decided upon. it viii bring the markets
II the United States and Australia in
closer touch with each other He
states that the range Of wool 70 he
purchased viii be much narrower. hut
that the more desirable wool IS likely
TO be taken by American buyers. in
spite OF the tariff
He says there IS a large weight n
inferior and low grade wool on hand
held by tho b. A. W r. A and thar
the BUYERS OF this wool are mostly
from Europe. Mr. Beaumont COM
ments on the fact that cables from
Melbourne show that tne demand FOR
sne Australian mere wools here Is Fe-
fected there. and that prices are hard
ening. Practically all Of the fne sta
pie wool is gone now. he asserted
He found the market here very muco
brighter and better than ne expected
when he left Australia early n July
At that time prospects for business
with the United States seemed remote.
The sentiment in regard TO wool
controlled by the British government
or practically the government. The T.
A. ". r. A. is much the same as tn'
feeling IN regard to the government
owned wool in this country. and tn,S
New-York tribune., 1921-08-14
Youth Putting $4,000 Into Common
Stocks

Question-snce | follow YOUR column
mere Is little use in asking what you think
ar~ aD0ui ,ne several pond issues in which
about the followins win, s,"c,'s ao want 70 know
cmmon-is it a business mans inves,,e',.g evVuses
What is the par value since their reorgsni-
on''9n, on ,ha, ana are they paying any dividends
common I,,'''S DO ya,, s'UT@ b,,, SIeneral Motors
fact that most issues are aufferinr o' rom }ne
n me selling virus. it would be best to hold
ana bs,, 1Io1P.s common for year or sell
is the bar value OF cuba ea' Can sa Wnat
mon, and is the company economicalIv
sound in your opinion? At this time /
and a'a a10u[ so,cVg out IN common slock.
more 70 NV cr,di Wl nave abou; $4,000
sand dollars win 20 into invasfr1s9, NOV
the other into good common stock for ~"
am only twen'y-three years old.-M. D.
Answer-The new GOODYEAR common
stock has no par value. it is not nav
ing dividends, and in view of the nnm-
ber ana amount of securities ahead Of
II isn't likely to, in our opinion, for a
long time. We think Kelly Springfield
common stock is a better SPECULATION
than General Motors common. Kelly
is one of the very few speculative
stocks which is selling substantially
above par, and that IS because the
management was keen enough not 10
get hooked in the collapse Of rubber
prices. The company is doing a GOOD
business and seems to be in excellent
shape financially. Cuba Cane Sngar
New-York tribune., 1921-08-14
Collective Buying Spreads

The movement toward the coopera-
tive buying of Office and factory sup
plies by trade association is gaining
force. largely because of the necessity
or reducing overhead in times Of de-
preston. A woman's apparel asso-
citation reports about twice as many
members using its cooperative buying
departments in purchasing supplies OF
boxes, wrapping paper. twines, etc.
mnse clothing association has
notisd its mmhers of 10 per cent dir
count on stamp posting machines and
10 and 5 per cent discount on type
vxiters purchased through the orgAc-
ization.
New-York tribune., 1921-08-14

new skirt gauge which MAKES IL
possible 70 accurately marx the dcsired
length Of skirt and To get an oven
distance from tho ground THROUGHOUT
the entire hem has made it's appearance
on the snarkct. II consists Of an uc-
riHat brass measuring scale in which
tnc space in inches and portions of an
inch have been ctcned. The scale su3-
ports sliding plate or marker ,nat
can be se. ~ any height. Kiaing froi.
the same basc IL an upright rod whicn
supporLs togglc arm for holding
chal@, and which can be moved in an !
direction within the plane Of n giv.n
height. In case it il desired 10 mark
the desired length with pins the marx
er ~ rat AZ certain distance from the
ground and the skirt is simply creased
oyer the marker and pinned IN caHc
!, s dcs,red u mcasufc II By chalk the
skirt ~ drawn over the marker and the
1oggle arm containing the cnolx il fixed
at the same height and the length
zoazked~eYerjy around the skirt
New-York tribune., 1921-08-14
Investing Building and Loan Proceeds

forty,five years being left twenty years
children. am alone now and desire to
get together a little to provide Tor old
age and knowing nothing whatever OF
the Investment market. my employers,
for whom have worked many Years
directed me 10 consult with you. calling
my attention to your investment informa
tlon. have $1,000 which came due
August !. from building and loans and
could add little more to 1t. ] should
be grateful for your help. DO You think
low coupon long term bonds Of high grade
rating suitable' shall work for some
change necessary in my list 10 date
90" o. ds soS" pS"' xsasa4 az 'I, 1 $500 n Trsne
Kansas CIV Southern first 3. s. !. 5000 5000
southern Pacific Central Pacific collateral.
NJ. S
You have a thoroughly sound in
vestment, in our opinion. and have
picked some of the strongest Of the
railroads. For woman Of forty-five
who presumably viii stay IN harness
for good many years yet. we think
low coupon rate, high grade bonds are
a good investment and suggest Mon
tana Power first and refunding SIS, due
l9d3, recently selling at S5H We
think that some Of the preferred stock
for you and suggest Corn Products
refundins preferred recently selling
st 100. and Standard Oil of New Jer-
sey, preferred, recently selling at
1868 Have you thought OF taking
out lew building and loan shares .
The interest on those just maturcd
Will carry like amount Of new stock,
you know. 1t seems to us YOU nave
done pretty we'll to rear couple of
youngsters and come out with the eX-
ccllent investments you have after
twenty years.
New-York tribune., 1921-08-14
Days Dealings in Bonds
The Market

The outstanding development in the
investm market last week was the
ready sale Of such new issues as were
offered by the bankers. While the
amount Of new business placed was
not large, the offerings were we'll over
subscribed. The general market in
listed bonds exhibited somewhat easier
tendencies, presumably because Of the
firmer tendency noted in the money
market. On the whole, however, the
market gave a good account of inself
and indicated that the recovery move
ment is to carry further.
New-York tribune., 1921-08-14
Don't Worry About CalIability of Bonds

toucs;!on--ln a recent issue a subscriber
de,nurred IN regard 10 buying foreign
If this be will you kindly let .ne know
what is meant by this term "calab.-
have lately purchased several bonds
which you advised one French per cent.
one Be'E um per cent. one Nor"ay
per cant, ono Denmark per cent and one
Swiss per cent, and am interested in
knowing IL these bonds are liable to be
called and pad of before the maturity
date.--G. {. r.
Answer BY callable is meant that in
the mortgage or indonturc securing the
bonds there is a provision by which
the borrower reserves the right TO call
on the holders of part or all Of the
bonds to render their bonds and re-
cevc par or par and a premium IN
cash for them, with interest The
French S. are not callable in the ordi-
nary sense Of the word, except that
there is provision by which, after
1925. $4,000, 900 year Of bonds Will be
called by lot each year for the sinking
fund at $40. The Belgian 8s are call
able after February I. 1881, at 1O71.;
the Norway IS are callable after Octo-
Der l, 1925, at 40; the Denmark 8s
after October Is, 1886, at 40, and the
Swiss IS after July !, 1880, at 1O5. If
we were you we would not worry
about the callablc feature In the first
place, if your bond is called, you make
substantial profit on it, In the sec
ond place, the requirements of capital
for European countries are such that
we think the chances of a country be-
ing willing to pay a premium Of from
So to $40 before it's bonds are due is
unlikely.
New-York tribune., 1921-08-14
Telephone Pirates Still a. II

Qucstion--hindly s.ve me your advice
about buying Nona Motor stock. Am
bothered couple Of times every dar with
telephone calls in regard 10 thi1 stock and
wish YOU would tell me what 10 do
l.. + r.
Answer Never buy stock from a
stranger over the telephone There is
too much risk that you are listening
to repre- rescntations and statements
which the seller would no. dare to
send through the mails. incidentally,
the Mona Motor Company was dis
solved in 1920, and if that is the stock
you are offered the thing must be q
swndle. You might inform your
caller that you know these facts, and
ne probably will stop wasting tele
phone tolls on you.
New-York tribune., 1921-08-14
Needs Income, but Holds Copper Stock

r.. Question have been seaaep Of The
r.oune ha.o FOR many ysa ana Of ia,e have
!nlornation enclose list of securities
that own and would greatly value your
opinion regarding them. Shall mold
tnem, all or any. for hettcr prices or till
maturity. or shall sel any or all il So
why? And what shall buy in exchangeo
want safety, AS near as can be of prln-
possible. This IS all own and need the
money $1,000 twenty five year sinking
Co. first es 81, 600 Jtah Power & Light
80. 1914. cost s7ia $1,000 Thatcher ten
year per cent convertible sinking fund
mortgage gold bonl 1880 cost o5; $500
Great Western Power of California ten
ysar a oJ per cent eonyertible gold deben..
III. trio twcnty-yea- per ccns eold not
1895, cost Sc; $1,000 Chicago Railways
ss .921: COS. 6e also own twenty Ave
rs now 20, and fifty shares inspiration
Copper at SO now about 32 think
S0"'ncrn so me- nfe,MG 'S is safe t and Will soon go
passed the dividend since / bought What
do you think &C. v. w.
Answer-Wc should hardly think
that you could afford 20 hold a stock
that is not paying dividends, and we
would be inclined TO advise selling the
Inspiration Copper, although we are to
think that the worst of the copper
situation has been gone through with
To hold stock that pays no dividends
very quickly gives you a loss compar-
able to that which you would have If
you sold the security at lower price
than you bought it at and at once
Invested the money in an interest pay
ing security. We think Southern Paci-
fic will continue to pay its DIVIDENDS
unles IS the railroad situation continues
iN the present entirely unsatisfactory
condition. In that case, there would
PROBABLY be wide spread railroad bank
ruptsy, and even the Southern Pacific
might pass its dividends. The Thatcher
bonds arc not secured by a mort
gage. Ihc Utah Power and Light IS
are a good investments The Wilson
E. Co. Ga and Great Western Power is
arc bn saness mans investment. If
You are entirely sincere in saying
that you want safety as near as can
be and rosfly place safety ahead
Of any cons idcrations Of yield, we
would advise selling all OF the sccuri-
ties except Utah Power and Light IS.
and investing in United Kingdom Of
Great Britain 5Nss, due 1897, Chicago
Union Station 4>s, due 1868, Standard
on Of California IS, due 1881, and
Pacific Gas and Electric general 5s,
due 1912, or IS, 1870.
New-York tribune., 1921-08-14
Thinks Averaging VIII Regain Iosses

Question: would like to hayo your
N@'nco opinon CONCERNING the reliability
o, 'ne New Jersey building loans. whether
'hcy are good investment for Il man
Win an income OF about So 900 4 YEAR
SUBSCRIPTIONS to building loans become due
IN January ana Juiy OF each year. What
DO YOU thinH OF the following idea?
have taken out ten shares ia January for
slo and INC same amount in July. and
eleven wears fthcse loans mature in 40
pro<inateiy elevca years, paying 81. 900 for
~ .acn =, ne shares 1t the time the Gold
"Jn pictures Corporation stock noatod
on the market it sold for s2s a share
'his being II year and 1t half ago). Of
which bought fifty shares. Since theu
they have come all the way down Re-
comfy bought fifty more shares at $a25
a share. meaning and intending TO bring
there IL Il possibility OF IT'S eyer rising
ara 90 you think II wise for inc a. this
time 10 buy NOR" a $3.50 or ,hercabouts2
would li'~e VIZ irucn 10 sell this STOCK
within the ncx, year. If possible. and
break cyc1. Can you tell me how this
can be done havc never bought any
stock before tins being my very Arst al
tempt 1T tho advice Of some friend
l. Is.
Answer Sew Jersey building and
loan associations are safe. in our
opinion, and offer excellent facilities
. certain sum each month and have
his interest compounded for hlnr. Tic
same things apply to the New York
savings and loan associations. Your
plan is all right if you think you can
Increase your savings $50 month
each year Tor eleven years. After the
irst scrics comes due the principal
invested at 6 per cent win carry
new Investment for the same amount
and leave your principal u1touchcd
Your Goldwyn stock is a pure specu
intion. We do not see how you can
expect much from 1t in view Of the
present adverse condition of the in
dustry. You have pumped yourself
irto tho pitfalls taking advice on
speculation from "fricnd" and try
INK 10 average. Az in good many
nluer canea, averaging has increased
and not decreased your losses.
New-York tribune., 1921-08-14
Investment Information

Questions Of general interest to i't-
rcstors spiu be anssocred in this col
,1pan, ia schich case only initials ~tll
be used. Others miN De onslcered by
1ncI. address an inquiries, inclos
inG Il stamped, addressed envclope, TO
Financial Editor, The Tribune. I54
NoSSou Street, Ncw York City.
New-York tribune., 1921-08-14

Question: sold six 1000 franc per
cent French Victory bonds. They were
to firm OF brokers by the mama Of
Davis. or Davies and by the latter sold to
n brokerage tlim, Brown Bros. 4 Co. They
were sold on August l. Brown Bros. &
at that date said bond quoted on the
Rourse at S27 francs a bond. and in Now
York city each franc had an exchange
value for my bonds &C. l.. H.
Answer-On the face Of it, it looks as
if you had lost about s6 bond, but
Brown Bros. & Co. explained the
price in about the following manner to
US: To sell your bond in Paris it would
have taken about sixty days to get in
to the Bourse and week to settle the
transaction, for on the Paris Boursc
trades are not cleared the next day, as
here Then you would have had the
delay in the transmission of your
money back to this country with the
costs of shipment, etc, not to speak of
the risk of the franc depreciation be-
fore your bonds were sold In addition,
as an individual you would have had
practically no chance of selling such
small lot, and the price you give was
the Paris asked price, not the bid,
which is quite different. There is an
active market for French Intervals in
New York, and we have no doubt you
cot a correct price. Of course you got
your cash next day. If the apparent
difference in the Paris and New York
prices were real, we think it would be
quickly leveled off by arbitragc trans
actions.
New-York tribune., 1921-08-14
Security of Telephone Collateral IS

Question Kindly give me your opinion
on the safety and desirability for a long
term investment for man in middle life
and retired. of American Telephone and
Telegraph Companys coii-t.ral per cent
bonds Of 19As, selling in the market around
S4 What is the collateral behind these
bonds? Is there clause in the bonds
or in the indenture under which the bonds
were issued which obligates the company
to pay the normal Federal income tax?
Also what is their status relative TO taxa
ton in New York &c NJ. w.
Answer - The American Telephone
and Telegraph collateral 5s, due 1916,
are secured by the New England Tele-
phone and Telegraph, New York Tele-
phone, Southern Bell Telephone and
Telegraph, Southwestern Telegraph and
Telephone and Pacific Telephone and
Telegraph stocks, having a market
value at all times of 1873 13 per cent
of the par value of the bonds stand
ing. The company does not pay the
normal income tax and the bonds have
no special exemption from New York
State taxes. They are an excellent in
vcstment, in our opinion.
New-York tribune., 1921-08-14
Has $1,000 to Invest

Qucst!on-l have about 5000 to invest
an wish 10 get per cent or better with
could b" diversitied' wish this an
investment. now hold So ooo Inter
naiional Si!vc~ Co. ,ichcntures of 1888. :4co
J panase sterling As os 1881 $500 ia panesc
csnseidae s1r,sT x PR cent sh5 %ue ns 'ss
FRA action 5s Of 1862 1000 Toledo Trac-
t.on Light Power r. d"bentur" OF ls22;
lieve. = SO 80 shares O, United Railroad
OF 81 Louis prfcrrcd and 700 shares os
Allied Oil old shares. Would YOU suggest
tra' hold all of these or sell some and
.Aves, in other high grade bonds DO You
consider S"aboart Air Lin" diustmcnt 5s
of l94H 81 fe for Il part OF my Investment?
Answer-Your whole scheme seems
to be purely speculative and without
any foundation on the principles Of
sound investment. 1t is perfectly lcgit-
innate 10 speculate if YOU so desire,
but we advise most people against it.
and if your desire is to have all Of
your holdings an investment, we would
suggest that YOU sell your present
holdings and shift into different class
Of securities. such as those that we SO
often suggest as high grade safe IN
$1,000, we suggest two each Of King
dom o. Denmark SIS. Kingdom of Bel
glum SIS. international Mercantile Ma
rlnc first and collateral 6s, and one
Detroit United first mortgage collat-
eral s. which in the 20-ycar maturitcs
are payable at 107l Y and Weld besides
the 71s points premium $40 per cent
at the present offering price
Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1921-07-24

Musical Comedy
Beauty. Jean
Troupman. a member
of the cast in the mu-
steal comedy success.
The Last Waltz"
now playing in New
Yo1k.
New Britain herald., 1921-05-10
VARIOUS CITY DEPT. REPORTS PRESENTED
Will Later Be Published in
 Municipal Record

Annual reports on the condition of the various city departments. includ- Ing resume of work done and rec commendations for the future. are be- ing filed with the city clerk. Edward C. Connolly. agent for the state aid fund. for windows. reports S4.SOO ap- propriatod, sI5sO.s2 expended. S7S.33 received from other towns. a net expense of s4.5os.4a; all of which leaves a balance Of s2I9.IS.
 George Cooley. city electrician. re- ports six new fire alarm boxes added during thei year and adds that both the fire and police signal systems are In good order. He recommends li- ccnsing all persons doing electrical wiring of any kind and also suggests charging a small fee for all permits and inspections.
 The public amusement commission report shows balance of s3IS.79 out of total appropriation of S4.500. The corporation counsel's report is ~'orely n formal statement that such a1 office exists and q very brief re- sume of assistance given by the city officials
 For tho New Britain Institute. r.. :. Chamberlain makes a financial re- port of the condition of tho institute and tho receipts and expenditures Building Inspector John Allen recom- mends tho building of many more tenoments here. The cemetery com mittec's report is t formal financial statement
 These reports will bc published in ~li tn the unicipal record.
New Britain herald., 1921-05-10
Y. VI. C. \. NOTES.
second Annual Convention to bc Held
 At Rocky HnI May 20, 2i and 2:.

The second annual weck-enI con ference of the Connecticut Y. M. C. A. Gymnasium leaders. will he held at Rocky Hill. Conn, on May 20. 2l and =. at Wangum Lodge. the Y. NJ. C. A. vacation house. Eight or ten dele gates from the local "Y'' will attend. \ program of sports and other inter rsting fcats will he held and the cleo ton of officers will take place. Many prominent men will give speeches. Joseph Hergstrom. physical director at tho New Britain Y. M. C. A., will preside at the games and athletic meets on the second day. Fred Ba- con will give an exhibition of club swinging. Leroy and Appleton, com edy acrobats. will also be on the pro- gram. The above mentioned are all local men.
New Britain herald., 1921-05-10
THREE NEW CHAPTERS
 OF R. A. M. REQUESTED
(Continued from First PageD

(Continued from First Page.) George A. Kies of Hartford reported the membership for the year ending April 30 to be 12,e53. Returns from all of the forty chapters showed that 1.649 were exalted: II admitted and nine reinstated. There were 1s1 de- mitted and 94 members died.
 At the session this afternoon the following officers were elected:
 Grand high priest. Edgar E. Ellis Bridgeport.
 Deputy grand priest. Arthur N. Nash of Westerly.
 Grand king. F. Ward de Klyn, Dan bury.
 Grand scribe. William O. Shelley. Hartford.
 Grand treasurer. Isaiah Baker. Jr., Hartford.
 Grand secretary. George A. kies. Hartford.
 Grand captain of the host, William Bowers, New Haven.
 Grand principal soiourner. Ebert l.. Darbie, Danielson.
 Grand royal arch captain. Herbert II. Kind, Norwich.
 Grand trustees, John Q. Rowland. Wallingford: Dr. Louis l.. Beach, Bristol: Eugene A. Hall. Meriden.
 The installation of officers and the completion of the business before the annual conversation will take place late this afternoon.
 The annual meeting of the Order of High Priesthood in Connecticut will be held at 5 o'clock this after noon.
New Britain herald., 1921-05-10
Health Commissioners
 To Hear Annual Reports

The annual meeting of the board Of health commissioners will be held this afternoon at o'clock. Reports on the work of the past year will be presented by Health Superintendent J. IL. Harris, Meat Inspector E. D. Radcliffe Bacteriologist X. Thomas. Plumbing Inspector P. J. Tormay. Miss Duelly, tuberculosis nurse and First Sanitary Inspector J. A. DoIan.
New Britain herald., 1921-05-10
Public Works Board to
 Hold Hearings Tonight

The board of public works will meet tonight at 7:30 o'clock to hold hearings on several proposed street works. The residents of Jerome street will be heard on the establishment of street. grade and building lines. Hearings will be given on the con- struction of sewers in Court, Vine. Mill, Clark and South streets.
New Britain herald., 1921-05-10
!TY ITEMS.
and records. Henry Morans'.

and records. Henry Morans'.
 eting of tho women of tho |tist church will he post
 m Wednesday Of this week
 a. when an all-day sewing
 III bc held. The ladies will <et lunches and coffee will n vs. Kelly tonight. Rogers t0.--ndvt.
 knlar .meetin. of Martha N. r.. s., will ho held at 1880 thursday evening in Masonic usual afternoon social will ! gao o'clock on Thursday. |mna women's Auxiliary of Congregational church will yttme fote Wednesday. from clock. Fancy articles, care will be offered for sale md nnts arc made for n tea m usical program will be pre-
New Britain herald., 1921-05-10
HE NOW BELIEVES IN "FRUIT.A.T|VES" Teacher Of "New Thought" Healed By Fruit Liver Tablets
SCHENECTADY, N. Y.

SCHENECTADY, IN. 1s
 "I am not in the habit of praising any material medicine as I am an advocate of New Thought; but some time ago, had such bad attack of Liecr and Stomach Trouble that I gave up thinking did not have it and took sFruit-a-tives' or Fruit Liver Tablets. Most gratifying was the result. It relieved my liver and stomach trouble, cleaned up my yellowish complexion and put new blood in my body. Fruit-d-fiues' is the highest result of:N :Nev 7houghf ia medicine.
 A 4. YOUNG. soc. a box, 6 for $2 50, trial size 25c. At dealers or from FRUIT-A-TIVES Limited, OGDENSBURG, N. Y.
Worcester Democrat and the ledger-enterprise. (Pocomoke City, Md.) 1921-1953, 1921-02-19
IN Hsv:tI6 ttaf M
THE MILE.

IT HE Roman unit Of long measure
l. was 1000 PAGES, called a "milli,"
Latin for 1000. The distance was, of
course, only approximate, but the
word, shortened to mile" persisted
and all the modern units are derived
from it. One minute of Earths equa-
Cor was chosen as the geographical
mile. There are 10 recognized stand
ard miles, varying from 1 to 664 times
our statute mile of $3.50 feet, which
was defined in Queen EliZabeth's time.
(Copyright)