davidaulloa/AmericanStories huggingface dataset:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-09-04
Power Bonds Good for ST. 900, 900 Trust

Question: three the Investment OF
Of 100000 and h moud be enough opinion
the Shaogan Water and Pomer Company first rcndg mortgage
sinking fund gold bonds dated January 1, 1891
the purchase Of these At the time
practically public utility bonds Mould opinion
this class OF security for fund.- w. r.
AnwerShawngan refundng sinking
series and 6s due July 1850 opinion of the high
grade public utility bonds Subject only 82400 prior liens these
bonds secured by mortgage lands water dams
nearly all the distributing
controlled Shawngan earnings
S2525544 and total interest called $6507
There often confusion the minds Of
public utility railway public
electric railway, other
hydro-eecric this
The Shawingan Water and Power
stock ownership the which distributes
the territory south of the ST.
through which the Shawngan
electric In opinion, fuel commodity
compared with
think that the conatvey
situated and operated companies will be likely steadily
increasing earning position
than $4,000 into this class of security
Where principal earning the public utility rests on the
long pull The trend already greater
atty toward public utilities but apparently hostility
utilities especially street railways,
of Niagara Falls Power first
565 cent current interest and 52
inns is not meant suggestion alternative Shawnigan
and Power 6s but bond that investing
ton to the Shawinigan bonds
You have interesting you like to have
readers see how build
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-09-04
Woman Has Good List and a Profit

observation-disclosures 20 you a list of bonds
which I have bought in the ne last tn Ths
Tribune for Investments. Realizing that
the times will change and money get
cheaper. do you think IT would be aavls,
bonds and get into long term bonds II
so would you suggest a switch? Which
ones, from short to long? l do not want
to take any chances if you can see where
there is any doubt. These bonds were all
bought at subscriptions prices when they
a profit. New York Dock was bought at
So Southern Pacific-San Francisco Ter
minal was bought at IS. West Shore Rail
road was bought at s., American Tele-
phone and Telegraph at 81. 1 realize that
the last Is not a first class Investment
Twelve shares American Telephone ana
Telegraph Company stock, $4,000, United
Kingdom twenty year ~ per cent, one
Pennsylvania Railroad ten-year per cent,
one Northern Pacific per cent. one South
ern Pacific Railroad fourteen-year 7 per
cent, $500 Chicago, Union Station forty
five-year ~ per cent, one Pacific Fruit
Express Company ten-year per cent one
per cent, one Government OF switzerland
twenty year per cent, $500 Union TANK
Car ten-year Z per cent $500 New York .9ra
year per cent. $500 Kingdom Of Norway
sss
Grand Trunk Railway of Canada twenty
year per cent, $500 Diamond Match Com
pany 1uleeu- year ~ per Cci1t, oue Sdda-
dian Northern Railway of Canada twenty
year I per cent, West Shore Railroad
general 4s due 1851; one Canadian National
Railway OF Canada fifteen-year. per cent.
$500 Northwestern Bell Telephone Com
pany twcnty-year per cent. $500 Kingdom
Of Belgium twenty-year per cent, one
Pennsylvania Railroad fifteen-year ~ per
cent. $500 Chicago North Western Railway
fifteen-year IA per cent. $500 Great North
ern Railroad fifteen-year per cent. $500
United States of Brazil twenty-year per
cent, $500 French twenty year Z u per cent
one New York Dock first mortgage per
cent. due 1885, $500 Standard on Com
pany Of New York twelve-year 6A per
cent. $500 Southern Pacific-san Francisco
Terminal per cent, 1850: one Canadian
Northern Railway of Canada twenty five
year 6M per cent.--Miss NJ. v.
Answer-We would not disturb your
list of bonds at all. In our opinion
you have remarkably good list, and
we'll diversified. The mere fact that
the bonds are selling higher than when
you bought them ought not to influence
you to sell. True investment consists
in buying for income and not for profit,
and you now have a good income
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-09-04
Two Edison Issues

Question am inclosing three circulars
showing issues of the Detroit Edison Com
psny, the Brooklyn Edison Company and
the Detroit United Railway Company I
nave about $4,000 to invest Do you think
that these three issues are a safex invest :
ment and would you be kind enough TO
set forth, in your Judgment. how they
RANK. II there Is any preference, or would
you distribute the $4,000 among the three
issues ?-.J. l..
Answer-We are inclined to think
that the Brooklyn Edison general mort
gage series D, per cent bonds, due
1910, are the best investment of the
three that you mention, and we would
agree with you in ranking the Detroit
Edison next. We would be inclined to
divide the investment between these
two issues, and if this is the only in
vestment which you have, we would be
inclined to diversity further the $4,000
investment by putting $4,000 into the
BrookIy, Edison, $4,000 into the De-
troit Edis>n and $4,000 into some other
class Of security; We would suggest
something like American LOGON olive
preferred stock.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-09-04
Thinks Wooden Common a Bargain

Question-Can you explain 10 me whv
the price of American Wooden common
stock should be at such low level as
at present? AS understand 1t, the com
pany is sold up" on next springs goods.
with the indications that it's mills will be
running night and day until next January
to FIJI orders, and therefore naturally will
earn its dividend unless there are a pile"
OF cancellations AS l understand it the
corporation has the best business ahead OF
1t that it has had since the war The
stock pays per cent. With one buying
to-day at 65 or thereabouts it will be
almost an IL per cent investment In your
opinion is this fairly safe speculation at
present for small investor who has
couple OF hundred now and then to spend
but as matter of taking "chance"
isn't American Wooden, under present con-
ditions, fairly good buy "A. H c.
Answer-We are inclined to agree
with your estimate of American
Wooden common stock. 1t is one of the
characteristics of a bear market after
it has run as long as this one has,
that such issues sell on a high Weld
basis, and there is nothing remarkable
about such bargains. We think YOU
will agree with us on that point when
you consider Columbia Gas and Elec-
trio, Pacific Gas and Electric, American
Tobacco, American Car and Foundry
and a lot of others whose dividends arc
not at present gravely in danger,
which are selling on high yield basis.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-09-04
Strong Tone in
Wheat Market
AS Shorts Cover
Indian Crop Estimate Is
Consid ere d Bullish:
Receipts Are Liberal
at Spring Wheat Points

While the local grain market was
day, the Western markets were open,
and wheat developed a decidedly firm
undertone and closed at about the top,
with net gains of 2h@31zc. Shorts
were good buyers for over Mondays
holiday, and, as offers were small, val
ues advanced easily with little oppo--
sition. The principal bullish piece OF
Indian crop, placing the indicated yield
at 246,00o,000 bushels, against last
years crop of 377 900 bushels, and
this seemed to inspire quite active buy
ing through commission houses. Re-
ceipts were fairly liberal at spring
wheat points, but cash premiums were
firm and offers were welel taken. Local
cash prices were nominal.
The corn market followed wheat, and
prices closed firm at A@1Ac net adj
vance. Shorts were the best buyers,
and offers were moderate. despite the
fact that receipts were liberal Export
interest was largely lacking. Cash
prices were nominal.
There was little individual feature
in the oats market, but values were
firmer. closing ssG ssc net higher. in
sympathy with wheat and corn. The
local cash market was closed.
The Western market for hog prod
ucts was firm on the strength in grain
end on covering due to the recent re-
ports of large export business in
lard. Receipts of hogs at Western
points for the day were about $4,000.
The range at Chisago yesterday fol-
lows:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-09-04
His List Need Not Be Disturbed

Question: am fifty-fve years old. re-
tired. married. no children. Have an
principally from the following: 10000
Bangor Aroostook Railroad Company
per cent f1fty-year gold bond. due 1913;
$4,000 Edison Electric Illuminating Com
pany of New York first consolidated mort
gage gold bond; $1,000 Chicago Gas Light
and Coke Company first .mo5tgsge per
mortgage treorganized) $4,000 New York
Central 2o-year per cent convertible gold
debenture bond, due 1895; $4,000 Balti-
moro g. Ohio Railroad as per cent con-
vertihle gold bond, due 1898; $4,000 North
Shore Electric Company first mortgage
light Company Of New York per cent,
due 1882; $4,000 Bethlehem Steel equip
ment per cent In addition to the fore
Atchison. Topeka Z Santa Re Railroad
preferred. two Calumet & Hecla ten Lam
cite Cotton Mills fifteen Chemical National
Bank, ninety-five American Tobacco pre-
ferred. twenty Standard OIL of New Jersey
preferred. 1877 shares of Woodlawn Gene
tory and some $4,000 in Liberty bonds,
mostly AIS. Can exchange any of these
for safe securities paying higher rate Of
interest? ! am advised here to sell my
Atchison. Topeka & Santa Fe preferred
Western Power Company first mortgage s
per cent sinking fund gold bonds. due 1916.
I am. however. much more anxious to have
a good conservative investment than I am
to make a few dollars by turning things
overs. b.
Answer-We think you are entirely
right in preferring not to exchange
your securities when you have com
Portable income from what you now
own. 1t seems to us it would be like
tempting fate to sell high grade
preferred stock like Atchison, Topeka
& Santa Fe in order to get, as you say,
few more dollars income.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-09-04
Nine Good Bonds. with Diversity

Question: am the owner of as shares
OF Union Pacific common have given
at sial each. with the proceeds intend
70 purchase nine bonds giving good cur
REM rem interest," re ! have selected - bonds,
nno out OF them intend to choose nine.
VIII you please be kind enough to let me
KNOW what you think OF the list and rate
yne bonds In numerical order AS to safetye
am nfty~nve years OF age and want
eometnsng safe that gives good rate OF
interest. ] have been a constant reader OF
your you valuable paper for the last thirty
on the above list more than would any
stock brokers. because I know you are
honest and tell tho truth. Kindly mon
ton tho. best nine out OF this lot II YOU
know OF any other bonds that give the
same interest and arc more secure will
you kindly mention thems-G A. S.
Answer-One, Switzerland ss, 1910;
2, Belgian SIS, 1871; 5, Denmark IS,
1915; 4, Norway IS, 1910; s, French
TVS, 1s41; s, Northwestern Bell Tele-
phone rs; Z, Kansas City Terminal
Railways s1s per cent, 1881; 8, Brook
lyn Edison rs, 1910; 8, Southern Cali
fornia Edison SIS, 1914; 10, Winchester
Repeating Arms Company TVS, 1914;
IL, Northwestern Power and Light IS,
1871; IL, American Power and Light
OOAPohy 90 IC41 10, OeHVcI GdS ana
Electric Light TVS, 1885, ID, Detroit
Edison IS; s15, United Drug IS, 1871;
Is, Van Camp Company Inc SIS, 1941;
II. Salts Textile Company per cent,
1886; 10, B. B. Knight, Inc, Is, 1880:
10. Middle West Utilities IS, 1910; 20,
Driver Harris IS, 1881; 81, Goodyear
Tire and Rubber IS, 1871; 20, Riordan
Company, Limited, IS, 1910. We have
arranged your list of bonds in numeri-
cal order as you requested, with the
best bonds first. An arrangement such
as this is really matter of opinion
and Is not meant to be more than an
expression of opinion. The nine bonds
that we would suggest are not the first
nine on the list, because we think your
investment should have diversity as
we'll as sound bonds. The nine that we
would suggest are Swiss IS and Bel.
gian IS, Southern California Edison IS,
Kansas City Terminal Railway, North
western Bell Telephone, E. I. du Pont
de Nemours TINS, Westinghouse Elec-
tric and Manufacturing Is, due 1881.
Diamond Match TVS, due 1886, and
Louisville & Nashville secured rs, due
1880. The last three are not on the
list, but we consider them good in
vestments that meet your require
ments.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-09-04
High and Low Coupon Bonds

Question: should now like to buy one
or two bonds in $1,000 pieces to add to the
following which | now hold. the last two
of which We're purchased your recon
menation United States Liberties (vari-
ous). $1,000; Northwestern Bell Telephone
Z per cent. $1,000; Canadian Northern Z
per cent sinking fund. $1,000 II yield
OF per cent Is still consistent with safety
will you please suggest one or two high
coupon rate bonds and also one or two high
grade low coupon rate bonds which would
give this yield Pc. C. j.
Answer-Brooklyn Edison per cent
mortgage, series D, due 1910, recently
selling. at par. and United States Rub
Der " per cent secured notes, due
1880, recently selling at about par,
would, in our opinion, answer your re-
quirements for the two high coupon
rate bonds. For the low coupon rate
bonds we would euggest Northern
States Power first and refunding IS,
due 194l. recently selling at 1911, yield
ing almost 7 per cent if held to matur-
ity, and Long Island general as, due
1898, recently selling at 70, yielding
7.l0 per cent if held to maturity.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-09-04
Has a Good High Rate List

$1,000 American Agricultural Chem
ieal Company TVS, purchased at s7h; ST.
at o.; $1,000 Gulf Oh Corporation rs. pur-
chased at e7%; $1,000 Western Electric
Sompany rs, purchased at 9s% $4,000
seh $1,000 Steel and Tube of America is,
purcnased at "a "a $1,000 Western Electric
al and Manufaeturing Company U.s. purchased
rlne equipment 7s purchased at o. I
have $4,000 more to invest and wish your
opinion as to what bonds averaging on the
purchase. I would also desire you to bear
in mind the non-callabe feature of the
Great Northern. Gulf Oil and Bell Tele-
phone and partial non-callable feature of
the others; If. in your opinion, would sell
the partial non-callabe and replace so that
the entire investment would be in non
II possible, non-callable list due in about
fifteen years. Am in no hurry to invest
unless you think the time is just right
savings bank. L like Goodyear Tire and
Rubber & per cent. Puget Sound Power
and Light Company 7lks, shawinigan Water
Co convertible SIS. Sinclair OIL TVS, Packard
Motor Car IS, American Smelling and Re-
ming IS. As It may be necessary for me
10 obtain $4,000 in short notice, in about
two years would desire marketable, at
short notice, bonds.-A. S.
Answer-The list that YOU have ia
good. We would not sell the callable
bonds, for we think that bonds callable
at considerable premium are good
Investments, and that the profit that
would be realized if the bonds were
called at the premium would be compen-
sation enough for having to reinvest
some money when interest rates might
and Light TVS and SRawinigan Water
and Power rs are good investments, and
would suggest that you put 50 900 each
into these and $1,000 into Standard Oil
Of California 7 per cent bonds, due
1881.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-09-04
Stock Is Good, but Not High Grade

Question-Would you advise a person
having $4,000 in a savings bank at per
cent to take it out and buy American Tele-
phone d Telegraph stock? II not, what
would you advise for a safe long time in
vestment ?-H. j. N.
Answer-We do not know of any &C.
tive common stock which is safe
enough for the investment of money
in the savings bank. Your deposit
now is secured by first mortgages on
real estate and high grade bonds. If
you put it into telephone stock you
will be weakening your position,
though telephone is an excellent. COM
mon issue. There is no reason, how
ever, why you should keep your money
in the bank when you can get fourth
~ Liberty bonds, 1888, to yield
4.88 current interest and SAP to
maturity. We suggest that you buy
$1,000 Liberty and $1,000 Canadian
Northern per cent debenture, 1910,
guaranteed principal and interest by
the Canadian government, and leave
the rest where it is, and add to it UNI
til you have enough to buy another
high grade bond.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-09-04

Eggs--No receipts compiled by New
York Mercantile Exchange on Saturday.
Market Is steady TO firm on fancy eggs
trade IL quiet and intermediate grades are
easy. Movement restricted, Fresh gath
cred. extras dozen. 4eaS45c; extra firsts,
3s@41c: frsts, 34@37c; seconds, 500 3sc:
sradc eggs. 80 a csc; dtrties regular packed
checks. fair to choice, dry. 22@24c; refrig-
orator eggs. special marks fancy. SO q 37c:
hrsts. 33lz a 34hc: seconds. 30d7 33c white
eggs. $50 44c. state, Pennsylvania and
nearby Western hennery whites. extras "a
@soc; extra frsts B2D5ec: arsts. 40 sic:
gathered whites, irsts to extra frsts, ia
66c; under grades. 80 a 46c: Pacific Coast
white. extras. 56059c; extra firs,s. soc 65c:
nrsts, $3.50; under grades. So ap4sc:
pulItts soc: other Western and Southern.
gathered whites. 34M 4sc: state. Pennsyl-
vania and nearby Western henpery browns.
extras. 46 q 49c; gathered brown and mixed
colors. graded extras 42G45c. frsts to
extra dysts. 36@4l
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-09-04
Sell International Radio Assets

The Westinghouse Electric and Man
ufacturing Company announced yester-
day that they have sold the assets Of
the the International RI Radio Telegraph
America, retaining certain patents and
rights in foreign fields. They have
also obtained a substantial interest
in the stock Of the Radio Corporation
of America and have made comm ercial
agreements with them regarding the
sale of radio devices which are manu-
featured By the Westinghouse.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-09-04
will Invest for Young Sons

ouestion-Following your valuable COL
umn some months ago. noticed you often
recommended ST Louis & San Francisco
prior lien A As. 1850; Brooklyn Edison 5s.
1919; American Smelling and Refining S.
1917, United States Rubber 5s, 1919; In
ternational Mercantile Marine 6s. io4I:
American Telephone and Telegraph IS,
1886. have about $4,000 to invest In
what order would you suggest the above
or do you prefer other bonds at the pres
ent time? Part OF the investment would
be for my two sons. aged seven and ten
years in place OF savings bank account
It H B.
Answer-We would suggest an Amer
lean Telephone and Telegraph S, due
1916; St. Louis-San Francisco prior
lien d. Brooklyn Edison 5, due 194D.
and the Shelters per cent for the in
vestment of the $4,000 which you have.
We consider these suitable for holding
tor your two sons. The four issues
will come to little more than $4,000.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-09-04

Q1estioms Of general interest to in
vessoys wiil Do umsWcvsG ia this col
unsn, ~ sohich case only insttals wiu
De used. Others pili be unswered By
mail. Address all Enquiries, imctos-
tng a stamped, addressed envelope, to
Financial Editor, The Tribune, Is4
Nassau Street, New York City.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-09-04
Lower Prices Need Not Worry Investor


ouestion-Had there been your invest
ment Information six or eight years ago,
would surely possess a number of bonds
OF better standing. Would you advise my
selling any of my bonds and taking my
losses? II So which ones? l do not de-
pend at present upon the income from my
i IN YES. and care more for. greater
saIety than Tor greater return. I inclose
my list. with purchase prices
$1,000 Consolidated Gas of New York,
s at sSss S Nssn 4d pie esnt 9Yss5
year per cent collateral trust, 1890. at
looH $1,000 st. Louis & Cairo mortgage
bonds. 1881, at so; s 900 Baltimore. Chesa
p pea a. & Atlantic frs, mortgage, 1884 at
%; 81 900 United Kingdom. 1887 at 99a. ;
5000 Armour & Co first mortgage, 1890
Chicago St. Louis rs orts Gnen 1915
at So; 5000 General Electric gold deben-
ture. 1912. at 7oh $4,000 Terre Haute &
s reor1a first sbr mortgase at lois $1,000
mortgage. 1o43. at 90; 81 900 Toronto
Hamilton & Buffalo first mortgage. 1915 at
first mortgage. 1a4s, at say $4,000 New
York Telephone Co.. 1910. at 1904 $4,000
Central Of Georgia, Chattanooga division
at a OK 800 indiana steel eoF ro 1852 CT
96M; $4,000 Chicago & Western indiana
G9,on,s,olidated. at sos 5000 PENNSYLVANIA
$1,000 Chicago & North Western. 1887. at
1914; $4,000 Baltimore g. Ohio 1903; ST, 900
New York susauehanna & Western, 1887
ID. A.
Answer-In general we think your list
of bonds is good. The fact that the
price of money has gone up so much
within the last few years makes it ap-
pear that you paid high price for your
bonds, but, as a matter of fact, some
of them have declined less in market
quotations than the average for the
same class Of bonds, and it would ap-
pear to us that you went on sound prin-
ciples in making your investments. The
Sherman. Shreveport & Southern first
mortgage per cent bonds are divi-
sional bonds of the Missouri, Kansas &
Texas, which is now in receivers hands
We would hold on to the bonds if we
were you until the plans for the reor-
ganlzation of the Missouri, Kansas &
Texas have been made public. They
are are well under way, and had it not been
for objection of the second mortgage
bondholders they would have been made
public before this. The Terre Haute &
Peoria were recently quoted at 81, but
we think that the bonds are reasonably
safe. We think that there is certain
element of speculation in the Baltimore
& Ohio refunding and general mort
gage IS, in that they are dependent to
some extent on the outcome of the gem
eral railroad situation. The Baltimore
& Ohio is one of the weaker roads. and
has had great difficulty in meeting it's
interest charges and preferred divi-
dends. The management, however,
thinks that it will be able to do so this
year. Toronto, Hamilton & Buffalo
first mortgage as are not as high grade
as the others, and you might consider
taking loss in these and selling. The
st. Louis & Cairo are selling at heavy
discount for bond due in 1881, but we
would be Inclined to hold the bond, if
we were you, to maturity With the
exception of those we have mentioned
we would not suggest any changes in
your list.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-09-04

Cheese-No receipts. Practically no new
business to report. Holders are asking
steady prices on the finer grades OF state
Fats and the very choicest of the Wiscon-
sin cheese, but for average run and lower
grades values favor the uyer.h
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-09-04
Some Short Term Bonds

Question: have a number of short term
bonds. due 1928. and wish to exchange
them for long term bonds, running from
fifteen to twenty years at per cent to 8
per cent interest. with fair margin OF
safety. l prefer those that are not Gala BILE
in whole in part, say In from ten to
twenty years, and to my best Judgment
have selected the following: Grand Trunk
Railway of Canada debenturc B per cent,
$780, Canadian National Equipment Trust
per cent, 1910; Great Northern Railway
general mortgage gold bonds A. 7 per cent,
1886; United States of Brazil external gold
bonds. per cent. 1871; Government of
Switzerland gold bonds. per cent 1910;
Goodyear Tire and Rubber first mortgage
gold bonds. per cent. 1915; Bell Tele-
phone of Pennsylvania first and refundine
gold bonds A. per cont, 1876; Van Camp
Packing Company first mortgage gold
bonds. per cent. 1871; Northwestern Bell
Telephone first mortgage, per cent
1914; Danish Consolidated Municipal s per
cent, 1915; Consolidated Gas Electric Light
and Power of Baltimore 7H per cent
ls45; Cerro de Pasco per cent l94o
Diamond Match. Company III per cent
1888 Kindly select from those or sugge st
others to me for the exchange and / viii
guide myself by your judgment.--M G.
Answer-Of the bonds that you have
selected, we think the best are Bell
Telephone of Pennsylvania, Grand
Trunk rs, due 1910; Northwestern Bell
Telephone rs, Canadian National EQUIP
ment Trust Is, Swiss IS, Cerro de Pasco
IS and Diamond Match TVS.