davidaulloa/AmericanStories huggingface dataset:
New-York tribune., 1921-12-04
A Close CORPORATION

Questien--Wiil you kindly give ME your
opinion OF the Stafford Company. Readville.
Mass and their per cent participating
preferred stock ?--.i. r.. c. b.
Answer-This company has hitherto
been close corporation, and there is
not a great deal of information avail
able about its affairs. It has no funded
debt, according to the latest informa-
tion at hand, and has outstanding ST.
100000 common and $650,0O0 preferred.
No dividends have been paid on the
common, and the only dividends on the
preferred of which we find any record
are one Of u per cent. in February.
1920, and another of the same amount
in May OF the same year. From this
data we should not regard the COM
pany's preferred stock as very tlesir-
able investment.
New-York tribune., 1921-12-04

Gently selling at 81; Norfolk 4 Western
first consolidated As, due in 1895, recently
selling at 81; New York Ccntral-Lake
Shore collateral 3hs, due 1898, recently
selling at 70, and. to bring UP the yield
somewhat, but without departing from
high requirements, Rio Grande Western
first As, due 1889, recently selling at
II IS; the new prior lien S per cent
bonds Of the new Missouri, Kansas &
Texas Company, which are quoted on
the curb on when-issued basis, at
around 7s; virginian Railway first SIS,
due 1862, recently selling at 81, and, for
diversity, Montana Power first IS, due
1s43, recently selling at 90; Niagara
Falls Power first Is, due 1892. recently
selling At 9515; Northwestern Bell Tele-
phone y due 1941, recently selling at
1o7% New York Dock first Is, due 1861.
Myers debenture rs, due 1874. recently
selling at 1101a.
New-York tribune., 1921-12-04
High-Grade Inyestment.

Question--i should be very glad to have
you favor me with your opinion regard
Ing New York Central debenture SIS, New
York equipment Is. Pennsylvania equip
Dock Montana Power 5s, ! have only a
small amount of money to invest and do
not want TO take any risk-H e. ID.
Answer-You are not taking any
chance, except the slight chance that
there is in every high grade invest
ment, in any of the six bonds YOU
name, with the exception of the Erie
prior lien 4s. This, in our opinion, is
business mans investment, suitable
Tor some one who can watch the trend
OF Ere affairs more closely, presuma-
bly,, than you can. The New York Dock
bonds carry per cent coupons.
New-York tribune., 1921-12-04
Railroad Stocks for a Business Man

Question-Will you please say what yon
consider to be the five best paying stocks
in which you think an investment of 81, 900
could be placed at the present market
prices? What do you think of Canadian Pa
cihc, Northern Pacific and Union Pacif1c!-
j.. NJ. E.
Answer-We think as business
mans investment Union Pacific and
Canadian Pacific, but not Northern Pa
ciic, are good, and would suggest for
three additional ones Norfolk & West
ern, New York Central and Montana
Power preferred
New-York tribune., 1921-12-04
American Tobacco

0aestion--will you kindly answer the
lolioWing questions? Do you consider
ment7 Why does American Tobacco com
mon remain low? Would You advise
proht. or is 1t due to so ups-E L. G.
Answer--American Tobacco common
stock recently sold in the neiphbor-
hood OF 126 and the common B at
12A4. There is an element of specu-
lation in common stock such as this
notwithstanding that the company is a
strong one, and we believe that the
stronger tobacco companies have an
unusually stable business, comparative
~ little affected by depressions which
seriously affect other businesses.
New-York tribune., 1921-12-04
Commonwealth Hotel

Question: have been given the oppor-
tunty to buy not to exceed ten shares OF
Commonwealth Hotel Club stock at $125
per share. Do you consider this good
investment ?-D. w. T.
wealth Hotel stock as an investment.
1t is speculative. in our opinion.
New-York tribune., 1921-12-04
circumstances Alter Cases

Question Some time ago I bought
twenty shares of Pennsylvania Railroad
stock at about AZ per share. Would you
advise me to sell same and buy Phladel-
phia Company OF North America pre-
ferred. Also have $1,000 note of the
American Telephone and Telegraph Conn
pany. due 1924 Would you advise me to
sell this and buy bond having longer
period TO run &C. II. r.
Answer-Whether you should sell
your Pennsylvania Railroad stock and
whether you should reinvest the pro
ceeds of your American Telephone &
Telegraph Company notes are both
questions, it seems to us, to be decided
with view to your own special cir
cum stances, about which your letter is
not enlightening. If you are able to
hold your Pennsylvania stock for an
indefinite period with reasonable as
surance that the present dividend rate
will be maintained and the per cent
rate resumed some time or other, we
should hold the stock. If your circum
stances are such that you desire a
longer term security than the Ameri-
can Telephone & Telegraph note we
suggest that you sell it and invest the
proceeds in New York Telephone Com
pany 6s, due in 1941, and now selling
at about the same price as your note.
New-York tribune., 1921-12-04

goods which they have ordered, (2)
many Swiss and Italian manufactur-
ers have held up goods designed for
Hungary, on account OF the critical
situation there, and {3) goods have
been kept back for purposes of specu-
lation
New-York tribune., 1921-12-04
Ansrar-We suggest Rreaklyn Edi.
All.Ameriea Cahlea

Qucstion-Piease give me your opinion
of the investment ratiak OF AIl-Arsericx
furnish will be apYrecAated.--J. II. H.
Answer-Stock OF the All-America
Cables, Ine-, is entitled to an invest-
ment rating, in cur opinien. The CON-
pany has long record of profitable
operation and the stuck has paid sub-
stantial dividends since 1895. The cem-
pany has nd funded debt.
New-York tribune., 1921-12-04
Safety First Consideration

Question: have $1,000 Victory note.
which now has gone up 10 almost par
per cent. ten or fifteen year bond selling
around 90 or under (no railroads) which
would be likely TO increase in value
Safety and markcta hility first consIdera-
tson. IF you could favor me with this
Information / would thank you--A T. p.
Answer For reinvestment of the
$1,000 which you now have in Victory
notes we suggest Montana Power first
6s, due in i943, and recently selling
around %. This is high grade bond
listed on the New York Stock Exchange
and actively traded in daily.
New-York tribune., 1921-12-04
Georsia-Carolina PYwer 81 .

Question--Please advise ME IL you con
slider the bonds Georgia Caroline Power
Company 5 per cent. 1862, safe invest
ment.--G. H. S.
Answer-We think that Georgia
Carolina Power first 5 per cent bonds,
due 1852, guaranteed principal and in
terest by the Augusta-Aiken Railway
& Electrical Corporation and secured
by first mortgage on 14,000 horse
power hydro-electric plant on the
Savannsh River, are good investment.
New-York tribune., 1921-12-04
DIyIDEND NOTICES
ANIEKTf,Ay faN cnsrpAvv

- - ~ ~ -
a Quarterly dividend or ] 2 pei cent ha4
been declared the preferred stock af
stockhoiders Of record at sha close OF hs,s3
nese December a. 1891. Transfer books
Will remain open. Checks mailed
r.. Fl. ISMoN
Secretary 4 rem stgrssr
New-York tribune., 1921-12-04
Investment Information

Questions of general sntevsst to in-
sestors sciu bc aneteeysed In this col
ttian, q, sohich case only imitials piit
be used. Others sviu be aaswercd By
,naal- Address all Inquiries, iacios.
ing stamped. addressed envclcpe, to
fsaasciai Editor, The Tribune, ISL
Nassau Street, Ncp York City.
New-York tribune., 1921-12-04
A Long Pull Speculation

Question: am taking the liberty to ask
your opinion of the United States Rubber
common nm investment. What are the
assets and liabilities of the company -
i, e. II.
Answer-United States Rubber COM
mon is not an investment at all, in our
opinion, but long pull speculation,
which we would not advise you to in
dulge in unless you have good deal
of money invested in some high grade
securities.
New-York tribune., 1921-12-04
Investment Stocks

Questton--Would like to bury about ten
shares each Of three high grade Investment
stocks. Will you kindly advise me what
III. 9. C.
Answer-Unitcd States Steel pre-
ferred, American Locomotive preferred
and American Car and Foundry pre-
ferred would meet your requirements
think, and they are arranged in the
order of our preference.
New-York tribune., 1921-12-04
Safety and s Per Cent

Quession--aty bond holdings consist OF
first and second Liberties and New York
Telephone per cent. 1871. and I would
like to obtain some three or four more
$1,000 or $500 bonds. what l desire Is
safety. 6 per cent. long term (Is4o or
longer) and interest dates OF January,
February. March July. August ard Sep
tenher l have been Z resldent OF New
York little over three years, and during
that time I found The Tribune very re-
liable, especially in the investment articles.
r q. ".
Answer-We suggest Breoklyn Edi-
SON general mortgage series A s per
cent bends due 1S49, interest payable
January and July, recently selling at
81, to yield 6.l4 per cent to maturity;
Chesapeake T. Ohio general Ais, due
1892, recently quoted ut 79iA asked,
yielding little less than per cent
if held to maturity. interest payable
March and September; and United
Kingdom of Great Britain 5lA per cent,
due 1897 Gust short Of year 1910 re-
quirement), interest payable in Febru-
ary and August, recently selling at "a,
yielding 6.13 per cent II held to ma
turity.
New-York tribune., 1921-12-04
ELECTIONS
The GUARDIAN Y.TrE INSuRANrF,
COMPANY aEt AxfES$res4 -

The annual election of Directors OF this
Company VIII be held at it's principal
ONCE. No. 90 Union Square, In the Cry
OF New York on "Wednesday the 18th day
OF December 1871. from IL A. NJ. to 1P M
r.. A. (sOEttkEs Sseeret 1>x
New-York tribune., 1921-12-04
L. r. Steel Speculative

Question-Have been advised 10 write "a
your paper for reliable information In re-
gard to L. r. Steele Service Corporation
Their Steele Realty Development CORPORA
tien looks good aud could sell some OF the
stock ii It's all right. I do not want To sell
10 any one IL you do not think it's q good
inveatment.Mrs. f. F.
Answer-We regard the securities of
all the L. r. Steele concerns as being
distinctly speculative and do not advise
their purchase as an investment under
present conditions.
New-York tribune., 1921-12-04
Canadian Pacific Stock

Question-Please give me your opinion
as to advisablity of buying Canadian
Pacific Railway stocks as an investment.
have $4,000 from which l would like
the largest returns consistent with safety.
am under the impression that this is
ono or the best railroad stocks in exist
ence and because OF the dividend paid
am naturally attracted to It, I own some
Endicott-J johnson preferred also a little
standard OIL Company stocks and want
to coHfine myself to good securities, at the
same time having In mind the best pos
sibie returns. AS I have no money to
invest except what I can save each year
out of my salary. you will readily see
why l want TO combine safety with the
best possible returns-W. e. NJ
Answer-We agree with you that
Canadian Pacific is one of the best of
the railroad common stocks 1t is,
however, business mans semi-specu-
lative investment. 1t is dependent on
earnings for dividends, and were the
Canadian government to cut rates on
the government owned railroads it
might adversely affect the Canadian
Pacific. We point out this chance so
that you may Judge for yourself
whether you SeG afford to take it. We
agree with you as to the attractiveness
of the purchase.
New-York tribune., 1921-12-04
Conditions Sometimes Change

Question--The financial page in this
sundays Tribune was especially interest
classify tho securities so definitely, and
.or an investor who. like myself has
very very small capital and is not yet depen-
put one Of the foreign per cent at the
top among the high grade bonds. / also
note non r,,n 1nat you recommend both Brasis
tnree Invalid women) In spite of the fact
that that chiles, for instance, yield little
ago you preferred Chfles (without enthusi
asr) to the bonds Of Brazil or Uruguay.
NOW. l have had my eyes on one of the
and am afraid 1 have let the market get
away from me now. I have a prejudice
foolish. but after ali. are the % Rio ds may DC
eiro bonds at f0e appreciably behind the
qsher south out american issues in safety?
or less concentrated at about Rio de
Janeiro, and is not the traditional peace
fMlness and friendship toward the United
of consideration? In short, / would be
greatly Obliged to know in Just which Of
the four classiAcations you place the Rio
dc Janeiro So and also whether there are
any unpleasant redemption features
=. J. p.
Answer-Rio de Janeiro IS, due 1916,
are not callable before 1881 and then
only on six months notice at 105. We
think your reasoning is sound and
that they are a good investment. The
trouble with making any such classi-
fication as is involved in definitely
rating bonds is that their comparative
merits change from time to time;
broadly speaking, you can put bonds
into the highest grade, good invest
ments, business mems investments
semi speculative investments and es-
sentially speculative bonds. Under
present conditions we would rank the
Rio de Janeiro bonds as good invest
ments.
The Delta independent., 1921-09-23
4 $10000000 Apple Crop From One Place

From the observation tower one
can see district of about two and a
half miles square, Surface Creek Val
ley and Orchard City. The yield of
fruit from this tract will be in the
neighborhood of 100000. Just about
equal to the months gold output of
the entire Cripple Creek district.
Adjoining the 121-acre ranch of Mr..
Reshaw is the -166-acre tract recently
purchased by Mr. Reshaw and part
ner, T.. H.. Peppers, from E. ].
Mathews.
The Peppers-Reshaw ranch, as it is
known, is managed by Mr.. Reshaw
and is worked as separate unit. Tie
orchard contains within five hundred
of the number of trees as the other
ranch, just few over five thousand.
All are leading varieties-Staymen
Winesaps,s Rome Beauty, Jonathan
and Gano.
In addition to the A. acres of new
orchard on this place, there are 30
acres of middle-aged trees, nine acres
of oats sowed to alfalfa, seven acres
of wheat which yielded 265 bushels,
three acres of barley yielding 110
bushels, and twelve acres of the finest
corn on top of the ground. Large
stalks with heavily laden ears bend
ing to the ground. There are fully
1900 bushels of corn in this patch.
Another feature of interest are the
two immense covered hay barns. All
buildings and equipment on this place
The Delta independent., 1921-09-23

frst-class order. A good workman
must have good tools.
Situated in convenient place ad-
jacent to the tool house is what one
might call the Mammoth Cave of Ken
lucky. 1t is constructed of concrete
with concrete floors, and holds three
thousand boxes of apples with ease.
This place too, has packing house,
and there is also one located near
Saxton, the 2O-car siding belonging
to this ranch. Picking commenced
September / this year and will con-
tinue until November 1.
The two ranches together probably
will ship the largest crop Of apples in
the United States. And when one
considers that the burden of the en-
tire undertaking falls upon one man.
one could almost say that Mr.. Reshaw
is the busiest man in the United
States.
To secure an interview one must
be good pedestrian and be able; to
write on the fly. as it were. From
field to field, from commissary to sid
ing, from pickers to packers. Mr..
Reshaw moves with undiminishing
rapidity. either on foot or in the new
Peerless. When once you are for
tunate enough to intercept him. then
the activity starts, it's like trying to
secure an interview with man on the
back platform of an express train by
running along the track.
But consider Sixty thousand boxes
of apples to be picked, sorted. graded.
packed, boxed, labeled. stamped and
marketed. all within the short space
of two months. With a few other in
cidentals. such as digging and market
ing $4,000 worth of potatoes at odd
moments. And not one cog can stop
or the whole machinery stops. Is 1t
enough to keep one man busy?? Con-
fidentially we believe it is.
The Delta independent., 1921-09-23

full maturity. Low wheeled wagons
packing she'd The packing shed is
almost story to itself 1t is an
excellent example of straight-line pro-
duction.
On the second floor OF this huge
structure, 40 by 124 feet. are located
the box shook and box makers. With
lightning-like rapidity boxes are con
structed from the materials and con-
veyed down a chute to the first floor.
where they are placed in racks beside
the grading machines. The apples are
delivered from the orchard to large
table fat the head of each grading
machine. Here they are inspected for
defects and conveyed through the ma
chine and sorted. The packers on
each side select the fruit with deft
fingers and place them into the boxes.
From here the boxes are taken on
another conveyer, stamped with the
grade and variety. the top nailed on.
and they are ready for shipment.
The boxes are taken to the shipping
depot by truck. This depot is on the
ranch and has siding room for twenty
cars. Twenty minutes from the time
the fruit leaves the tree it is possible
to have it packed and in the cars
The Delta independent., 1921-09-23

crop! You don't believe il? Come
with me. Travel to the ranch Of
George o. Reshaw. mile east of
Cory.
Here. on a magnificent ranch of l21
acres, we find sights that bewilder
the eye. Here is conducted an agri-
cultural enterprise that is managed
with the precision of a mill. Here is
an orchard of such dimensions that
an observation tower has been erect
ed to oversee the activity In its vari-
Gus parts.
Nesting in the enyirons of the or
chard is one OF the most beautiful
homes of the county. Eight large
rooms designed to meet the require
nents OF every comfort. lighted by
automatic acetlylene lights and sup
Piled with water, through the Orchard
City Waterworks. from the snow fed
springs and lakes OF Grand Mesa.
which rises majestically in the back
ground. No detail has been over
looked. from music room to billiard
room It is thoroughly modern.
In the orchard the machine-like ac-
curacy with which every operation Is
handled is everywhere apparent.
There is no waste. either OF time.
effort or materials Nature is bounti-
full, but expects conservation OF the
resources she places in mans hands
to use. and although particularly
bountiful on this ranch no destruc-
tion or waste is tolerated. II a tree
bears so heavily that the boughs
break and the main trunk splits. sup
ports are Immediately placed and at
the seasonable time OF year bolts are
used to strengthen the weakened
parts.
Similarly, although this years crop
will run in the neighborhood OF forty
thousand boxes. each apple is as care
fully nurtured and cared for as II 1t
constituted the entire crop. Any fruit
destroying insect or coddling moth
that ventures into this domain would
hardly be counted good risk by
any insurance company. The chances
are that It will live brief, unevent-
ful life.
Four times during the past year
spraying machines were sent the
length and breadth Of the orchard,
carrying a bath OF lead arsenate for
unwelcome intruders. In addition,
men go over the orchard constantly
during the earlier part Of the season
stripping from the trees any apples
which bear the mark of being the
residence of n coddling moth. These
apples are placed In barrels OF kero-
sene, which effectively destroys any
aspirations the moth may have for
becoming the proud mother OF seventy
hungry little ones. The spray ma
chine is constructed with tower.
upon which one man stands. ms in the
accompanying illustration. and sprays
downwards, while two others follow
behind and send the poison bath
swirling up beneath.
At picking time the ranch assumes
the appearance Of factory. Pickers
with their ladders may be seen going
methodically from tree to tree. pick
ing only the fruit that has come. to
The Delta independent., 1921-09-23

awaiting shipment. Certainly the,
acme OF efficiency. The Sweep
stakes Brand" as the apples from
this ranch are known to the hungry
world are recognized as standing
foremost OF any section in the man
ner OF packing. Every one Of the
eighty odd employees on the ranch
has definite instructions to follow
and follows them.
The employees form quite COM
munity, with probably the most ap-
parent attribute. as loyalty. They
realize that there is mission to be
performed. a reputation to uphold. and
during working hours no frivolity is
allowed to interfere with the schedule.
All Of them are provided comfortable
places in which to live on the place.
and commissary provides food and
the luxuries OF candy, soft drinks and
tobacco, They also have bath and
pool room privileges at the Reshaw
home.
The Delta independent., 1921-09-23

are built in mammoth proportions and
with careful attention given to sys-
tematic operation. The silo holds 156
tons of ensilage and is used for feed
ing the range cattle. The ensilage is
cultivated, cut and bound and deliv-
cred to the silo by Fordson tractor,
one of the many pieces of modern
equipment to be found upon this
colossal ranch.
The Delta independent., 1921-09-23

There is one main farm house, thor
oughly modern, and three tenant
houses, all supplied with city water
through the Orchard City system. A
dozen taps are located at convenient
points around the ranch to supply
water for stock, etc. A blacksmith
shop and tool house, vieing with any
in the surrounding towns, is kept busy
in keeping all tools and equipment in
Bisbee daily review. [volume] (Bisbee, Ariz.) 1901-1971, 1921-09-07
AUDIT Of CITY
BOOKS ORDERED
City Engineer Tells Council
of Work of Repairing
Damage From Flood

An audit of the citys accounts, to
include a full detailed report up TO
June 30, 1921, will be made by John
Campbell, accountant, whose bid to do
the work for $500 was accepted last
night by the city council at it's regu-
lar meeting.
In written communication to the
city council concerning the work to
be done, Campbell said: Il find on
investigation of the volume of work
to be done to bring the audit up to the
end of the last nscai year tnat the
period to be covered is largely in ex-
| cess of years work Some of the
records show no checking for over
TWO years back. Others have received
some attention to later date"
The city engineer reported that the
flood of August % was the biggest
that the city has had since he went to
work tor the city in June, 1918. Dur
ing the last month the street depar,
ment mas been cleaning up after the
/ flood, and Halleck expressed doubt
that the $4,000 appropriated for flood
emergencies will be sufficient. He re-
ported that work has been started on
I the wall on Sims road, to the rear of
| j. S. Williams place; that he plans to
rebuild the steps east of the Miners
store, on Naco Road, and the flight at
lis o. X. street, and to build flight
| of stairs east of the Laundry Hill
! steps. Provision has been made for
all of this work in the budget The
well, reservoir and tanks are full
| The street department is working on
| the cave-in in the sewer tunnel or
! Stag Dump hill, and will have it in
shape in few days to last some time
if the ground does not settle any more
The bid of Henderson and Watkins
/ on car load of cement, 300 barrels
! at $4.48 barrel, was accepted.