davidaulloa/AmericanStories huggingface dataset:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-07-07
Saving Half of So COO a Year

ouestion--The writer, forty years of age
Is drawing salary Of $4,000 a year ard
ago my entire savings had been put in saw
inss banks. At that tine friend advised
my investing in farm mortgages. This l
Rave since been doing, and now the bulk
OF my funds are so invested and drawing s
and per cent About a month ago the
subject came up with another friend, who
advised me to invest in long term bonds
instead of short term farm mortgages as
ne said the next few years would. he
thought, see interest rates lower than at
present. He said there were good. saf
bonds yielding from to per cent and
running from fifteen to thirty years, Since
talking with him I have been reading daily
your column in The Tribune from which I
gather that you do not consider bonds pay
ing over per cent as being exactly nigh
who cannot afford to lose Am / right? |
now have about s12. Oe0, and while / would
like as high an interest return possible
practical safety of principal must come
first for me. Besides my savings or this
year, my mortgages Will be coming due
next year Would you advise me to stick
10 them or shift to bonds? II the latter
VIII You name several which you think
you'd be appropriate for me? BY the way.
just received the enclosed by Byllesby &
co regarding Standard Gas 4 Electric Co.
q per cent gold notes. 1885. What do you
think of them? Perhaps YOU would advise
dividing my investments between mort
vice will be appreciated and depended upon
more than that from friends-H. C. B.
Answer-We think that it would be
more safe and profitable to you to di-
versify your investment by putting
part of your money into lons-term
bonds. You can Get between and s
per cent with a good degree of safety
IN bonds at present market prices. The
Standard Gas and Electric per cent
notes, dae 1895. are a good investment,
IN our opinion. he provision that no
more of these notes can be sold unless
net earnings, after deducting the an
nual interest charges on other than
note interest, are at least two and a
half times the annual interest charges
on the outstanding notes is a conserva-
tive one. The notes are not, however,
secured by a mortgage, either en- col
lateral or on property. Assume that
you keen one-quarter OF your invest
ment in mortgages and invest the re-
naming $4,000 in bonds We would
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-07-07
His List Can BE Improved

Question-Wn YOU be Kind enough to
give. me your opinion on the following
bonds which l intend TO buy after July l.
Westinghouse Z per cent gold bond, May
|. 1881, $1,000; Standard OH OF California
per cent gold bond. January, 1891, ST.
600; Brooklyn Edison Company general
mortgage G per cent gold bond, January
1891, Northwestern Bell Telephone first
mortgage 7 per cent gold bond, February
1871. $1,000; Erie Railroad prior lien gold
bond per cent, June, 1896, 81, 900; Ameri
can WOODEN Company preferred Z per cent
81 600: liberty bonds, I'd AZ, due 1929
yield 5.70. $4,000; Brazil government per
cent, s1,00o?-G y.
Answer: Your list is excellent except
the Brazilian IS and the Erie prior
lien as, which, in our opinion, are bust
ness mems investme We suggest
that for them you substitute Pacific
Gas and Electric first and refundng 7
per cent 1870 and New York Dock first
per cent 1851.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-07-07
Drive ON Fraudulent Firms
Aid Promised in Prosecution of
Fly-by-Night Merchants

Joab H. Banton, Acting District At
torney, promised representatives of the
Merchants Protective Association yes
terday he would seek the cooperation
of Chief Magistrate McAdoo in the
prosecution OF fraudulent bankrupts.
A day might be devoted to such period
at regular intervals in the police courts,
Mr.. Banton said.
The Merchants Protective Associa-
ton conferred with the prosecutor TO
put the fear of the law into fiy-by-
night merchants who obtained goods
by misrepresenting their ability to pay,
and after they had sold what they
could, concealed their cash and went
mao bankruptcy.
Wholesalers and manufacturers were
swindled out of millions of dollars an
nually by such methods, the represent
atives OF the association said.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-07-07

There will also be reductions in the
price Of pipe and other products, &C
cording TO Judge Gary's announcement.
The prices approved by the Indus
trial Board Of the Department of Com
MERGE in March, 1919, and maintained
By the Steel Corporation until April 4,
this year. when its first postwar re-
duetion was made. were as follows:
Bil!ets gross tom, $3.50; slabs (gross
tom, s42; sheet bars and small billets
(gross tom. SAT; bars (1G0 lbs.}, $2.35;
shapes 100 lbs.), $3.50; tin plate, ST.
In the corporations previous price
cuts no mention was made of sheet
bars, slabs. blue annealed sheets, black
sheets. galvanized sheets and skelo, all
OF which are included IN the price list
made public yesterday
Considering the latest prices quoted
by the steel companies in their relation
to pre-way levels it was pointed cut
Yesterday that the increase in freight
rates has been the largest factor in in
ereasing the cost of manufacturing
steel products because the making Of q
ton Of finished steel involves the trans
portation Of more than FIVE tons of raw
materials. The cost factors next in
Importance are materials and labor.
lahlQG as an C&3ulD PIE Tie price AOl
structural shapes under the new sched-
Vie Of prices Z cents a pounc, or S44.6o
gross ton, the comparison with pre-
war prices rejecting concreteiy the
three more important cost factors, ac-
eordnr 10 the Bethlehem Steel Coz
porstion. is 80 follows:
/. The increete over Tre-war cost IN
transporta ton on ore, coal, limestone,
scrap and miscellaneous supplies
.mounts to S785 d ton OF finished steel.
.. The increase in the cost OF coal,
ore, limestone, alloys, refractories, lu-
bricants and miscellaneous supplies at
point Of shipments amounts to $710
per ton.
s. The increase in the cost CT labor
under the present wage scale, as com
pared with pre-war wages in the steel
plant proper IS 1894 ton Of finished
steel.
These items account for an increase
in present-day costs over pre-war costs
Ct s20.59 a ton. The new price of
s44S0 for structural steel, therefore,
Is equivalent to pre-war price of
s242f, CT lbs cents pound. Statistics
covering the last twenty years show
that in only one month, December,
1912, has structural material been sold
as low as this figure. The ten-year
pre-war average, I904-1913, was $50
cents pound.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-07-07

suggest the following: Canadian
Northern per cent twenty-year bonds,
duo 1940, guaranteed principal end in
terest by the Canadian government and
recently selling at slightly over 100
yielding nearly 10 per cent; New York
Central convertible debenture Is, due
1885, recently selling at a little over
81, yielding 7.sT per cent II held to
maturity; the Pacific Gas and Electric
general and refunding IS, due 1a4s, re-
GENTLY selling at 77is, yielding til per
cent ii held TO maturity; United King
dom of Great Britain on per cent
bonds, due 1887, recently selling at IS,
yielding I'll per cent ii held to ma
turity; government of Switzerland 8
per cent honda, due 1910, recently sell
ing at 1925, yielding ITO per cent IL
held to maturity, and Northern Pacific
Great Northern joint 61s per cent
bonds, due 1886, secured by the deposit
of nearly all of the capital stock Of
the Chicago, Burlington ! h Quincy.
They are convertible into either Great
Northern or Northern Pacific bonds,
but we think that the safest investment
would be to hold the joint bond rather
than to convert.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-07-07
Prices Advance ON
Curb Market as
Trading Broadens
Cities Service C. o m I'M O n
Closes 2 Points Up; Bears
Cover Their Commit
menis i'm Many Issues

Following hesitation in the morning
trading the curb market yesterday
turned active in the afternoon and
prices moved up all along the list. The
announcement that the Standard Oil
Company of New Jersey had selected
acreage on the Maracaibo properties
fer expe rimental drilling purposes re-
suited in renewed buying of this stock,
sending it up to q u, net gain of 2
points. Cities Service common also did
better, showing net advance of 2
points at ia.
There was a slightly better demand
for Durant Motors, which closed the
day fractionally higher. Much Of the
buying throughout the list was from
the shorts, who, following the lead of
traders on the big board" had taken
bearish position on the market. SEN
timent at the close was more optimistic
than it has been for several weeks.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-07-07
Bondholder Scared by Brokers' Advice

aoestlon---Ahout year ego you advised
1885 railroad ado" bends. good safa y invest vest.
tnent. about 60 to 70 that time. l Dough,
Lately went down TO Wall street in my
about the safety Of this bond, they told
ne that this aond IL In bad Ak. that
ms bond is pure speculation and things
WV get from bad to worse and viii lose
eight bonds. all my lifetime savings
my money Now / doubt that you have
given iile ths Information without any
good cause | personally have no iudg
ment. | don't know what TO believe. I
have to trouble you again to investigate
s sds lot me knew the truth about their
worried all the time that | am going to
losa my savlugs.-F. C..
Answsr--lf you wish to go by your
brokers' advice instead of ours, do so.
We lay no claim to infallibility, nor is
ours the only good opinion to be had.
We suggest, however. you consider that
YOU Denver g. Rio Grande eonsoli-
dated (now first) d per cent, 1885, is a
hrst mortgage on 1,647 miles OF road.
including structure and equipment, at
the rate of $24,590 a mile. The mileage
could not be replaced at anything like
that figure, we believe. Your advisers
sre probably thinking of the S3e. 900 900
Judgment against the road, under which
it was sold. That lien, however, by a
ruling of the court, is junior to all of
is mortgage debt. The bond was re-
Gently selling at "a. The spread SO
Tar III 1921 has been e6 high, 62iz low,
3ls points. The spread for Atchison
general As regarded as classic among
high grade bonds, has been 79A -731s
about 54 points. If the Denver As is
the worst bond you hold, you are pretty
well OF. We have a suspicion that
either you or your broker is joking,
tut we suppose we have to take you
seriously.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-07-07
W ana1flaker Tells
Harding Of World
Exposition Plans
Gathering of Nations in
1926, in Philadelphia,
for Sesquicentennial Dis
cussed at White House
From The Tribune's Washington Bsrecu

From The ITtbhne'S Washington BNrecb
WASHINGTON, July GA world ex-
position to be held in Philadelphia in
1925 to commemorate the sesquicen
tennial Of the signing OF the Declare
ton of Independence was outlined to
the President to-day by John Wanna
maker, of Philadelphia. Mr.. Wanamak-
er conferred at length with the Presi-
dent in regard to the proposed exhibit
ton and later took luncheon at the
White House, when the subject was
further discussed. Mr.. Wanamaker's
plan calls for the State of Pennsylvania
aiding in a financial way to further
the success of the exposition and the
hope that all the states in the Union
will vote financial aid
Stress was laid by Mr.. Wanamaker
on tire gathering of nations and the
showing Of their products, waicA is -
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-07-07
Investment
Information,

Questions Of general iatefcst to IN
vestoys aoiI, bA mastered IN this cos-
.mst. ia mhtck case only initials will
be used. OtAe,s will be aas,Oeved ey
snail. Address all enquiries, tncles-
ing a stamped, addressed smselope, TO
F'lnancSal Editor. The Tribune. 1S&
Ndsscm Street, New York City.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-07-07
PROPOSALS

PROPOSALS WILL BE RECEIVED BY
:. the Bureau of Supplies aud Accounts,
Navy Department. Washington. d. C.
until 10 o'clock a m. July H. 1891 for
delivering hammock mattress ana pillow
covers. aud until 10 O'Clock a. M. July 10
1891, for delivering oxygen gas timed
ratsins and pranes 10 the navy yard
Brooklyn. n. Y etc. Apply for proposals
to the supply officer. navy yard. Brooklyn
n Z. or 20 the Bureau az Supplies and
Accounts. DAVID POTTER. Paymasxsf
General of the Navy. 5-2s--sl.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-07-07

Question: am enclosing prospectus
Of the Lyons Petroleum Company. Please
etve me your opinion regarding the re-
liability of Investing in the stock OF this
Company. | am Thinking OF buying 100
shares OF this stock. The stock Of this
company Is being sold by MacFaaden &
Co, OF S4T Madison Avenue. Is this a
reliable investment company "A. C. b.
Answer-Lyons Petroleum stock is
too speculative for investment, in our
opinion. We do not see why you
should pay McFadden G. Co., Inc, Sl.50
for it when it Is offered in the open
market around so cents and 81. Par
value is 81.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-07-07
Steirmetx Motor Stock

Question-What information can you give
me regarding stenmetz Motor Car stock
of Baltimore. Md. ?-S. P. P.
Answer = Steinmetz Electrical Car
Corporation stock is too speculative
for investment, in our opinion, espe-
cially in view of the present situation
in the automobile industry.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-07-07

van an intensely dull period is being ex :.
Ss satd IN the leather trade. Manu-
s AZ, and cutters of sole leather
TN sa'd to be more cautious in buying.
o, he market is almost void of buyers
s wno VIII place orders other than for
N.Y. nss aeilvery. Holders of leather APP
co., car osslnciined to make liberal con-
e eorsions on their offerings. The forth
eiI shoe style shows, it is believed.
t,aao stimulate activity in the leather
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-07-07

$25O0O,O00
Canadian National Railways
Canadian Northern Railway Company
25Year 61z%
The Dominion of Canada Guarantees
Principal and Interest by Endorsement
note inv lsornp
],
Principal gold New YrkCn heAg
Cnc
] 1 s a sas%ss
cTYF
ncounse advs that thesgu arantd bonds
are secured by the full credit and the
sinking fund
chase Of bonds Anyu
of
$4,000 extending
reaching traffic n
Price 9612 and Interest To about68
Dillon, Read & Co.
The National City Company Guaranty Company of New York
Blair & Co., Inc. Lee, Hgginson & Co.
Bankers Trust Company Continental and Commercial
Trust & Savings Bank
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-07-07
INSURANCE. COMPANY STATEMENT
STATE OF NEW YORK
lNSUR A Nf>C I1E-p ,,raTr- S--r,

WHEREAS The A1 nfbyg J 5g,v y, 1921.
At pa4., INSURANCE. COMPANY. located
has psa Ma % in the state OF Maryland.
by ths Vp I'm IN this office a sworn statement
conditJo pFSpef officers thereof showing it's
IN ali ION ra and business and has complied
rsIatingae sascts with the laws Of this State
lnsara9.as 20 . Fidelity, Surety and Burglary
S Seso OF The United states: ~ ''''''
], JESSE TIER J REFQRE. pursuant 10 law.
lnsuranaGa >. PHILLIPS. Superint endent OF
herebv Nc OF the State OF New York do
by certify that said Company is here
fidelity n 70 transact the business of
this sfst surety and burglary insurance in
mes. ~ cs,fent Year. The condition and bust
matss,aaIsia SAD Company at the date OF such
a. follcs,ss. tDeeemher 81. 1920 is shown
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-07-07
p. LoRrrL.ARD CoMPANY.

New York. July sth. 1891.
Notice is hereby given that the Transfer
Books OF the Registered Five Per Cent
Bonds of this Company will be closed At
naent of interest thereon, Cue August LIST,
1881. and will be reopene6 az 30 o'clock
A. NJ, august and, 1891, -
WAN. B. RHETAs Treasurer.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-07-07
DIVIDEND NOTICES
OFFICE OF
LOCKWOOD. GREENE & CO.. MANAGERS

The quarterly dividend OF IL 3 upon the
freferred Stock of Lancaster Mills has
been declared payable August l. 1921 At
Inc ONCE Of the Transfer Agents. this New
England Trust Company. Boston. Macs. 10
All stockholders OF record ct the close OF
business July 20, 1921
LANCASTER MILLS.
J. DEvEREUx wINSLOw, treasurer.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-07-07
OFFICE OF
LOCKWOOD. GREENE q Co.. MANAGERS
Rs1xfan Masa

A quarterly dividend OF sH% on the
declared payable September l. 1921 at ths
ONCE of the Transfer Agents, the New
England Trust Company, Boston, Mass.
to all holders or record at the close OF
business August "a, 1891
LANCASTER MILLS
J. DEvEREUx wINsLOw. treasurer.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-07-07

TIE FAJARDO SUGAR COMPANY
OF PORTO RICO.
l0s Wall Street.
New York City,
july Eth. 1881.
Notice Ia hereby given THAI ~ . meet
ing Of the Board OF Directors Of ehe COM
pany held on July sth. 1891. cash dfff-
dend of ono and one-orarter per cent
OK ~. payable August fst. 1921, TO stock
holders OF record July seth. 1891. was de-
LORENZO D. ARMSTRONG. Secretary.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-07-07
e,gs8,Sea.Is

unln an ECF. I HIVE herR-
sssffced my slame and caused the
3SEAr, seas ef my Office 10 be affixed the
81 Cay and year above written,
JESSE S. PHILLIPS.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-07-07

AnttVV ASSe(s
grerate amount OF liza
s s,salies Except CAPITAL
r Eng surplusl including
amount Of actual nsiti
~ Capital
AIMS pias over all liabilities
~ of Income for
amount OF Dist,,lrae,,, a,ta
Tor the year .
MI !, WITNESS wrHER 60 r
subscribed my name /
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-07-07
Chicago

soooo A G w 5s.. SO 80 zaH 4975
1000 Miss Riv 70 So II II II n
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-07-07
Philadelphia
PITTSBURGH

$4,000 Bell T LIST IF 7s.1o3% 1oas. 1885, 1oss
1000 Ann G & e 5s.. S47s SIS SAX IS
1000 LehighNav 4hs SO SO IS IS
, 1921-12-15
OUTLAWS IN MOUNTAIN
GAVE SURROUNDED, GAS
TO BE USED BY TROOPS
Members of Mob Held Responsible for
Killing at Jackson, KY, Jail Under
Siege and Ready to Battle

JACKSON, Ky. Dec. 15-Three members of the band
which raided the Breathitt county jail last Saturday MORN
ing, fatally wounding a woman and seriously wounding an
other. today were surrounded ly state troops in a cave on
John Titles creek, IL miles from here. Captain Holbrook
of the state forces planned today to use gas in an effort to
, 1921-12-15
WELFARE
ORGANIZATION
IS Permanent
Frank B. Taylor Elected Head
of Body Designed to Pro-
mote Welfare of
Interests.

The commissioned scout officials. at
a meeting held last night At tho Hen
ming at which the majority OF tho nc
tive leaders Of the troops of Casper
were present. voted unanimously to
perfect a permanent organization of
officials for the promotion of the vel
fare OF scouting in the community.
Frank b Taylor. scoutmaster of
Troop 4, was elected president OF the
newly formed organisation. Scout
master John l.. Nash. of Troop ..
and Scoutmsster r. T. Graham. Of
Troop S. were chosen members Of an
executive committee TO serve with
MFR. Taylor.
The matter OF selecting an approprf-
ste name for the association was re
ferred TO n special committee to re
, 1921-12-15
STUDENTS OF BUSINESS
COLLEGE HEAR ADDRESS
BY ATTORNEY DURHAM

An interesting talk was made to the
students OF the Casper business col
les the first Of this week. by II. b.
Durham. one of the leading attorneys
of the city.
h subject OF his informal address
was on the ethics OF good business. the
universal faith in sound business, and
the opportunities for advancement In
the world of business. He said FUR
liner. that to be wholly successful n
business must be honest. In speaking
of the relation OF the employe to the
employer Mr.. Durham expressed the
belief that the employe Mould not
fear to show great interest in his
work. and to make arnes efforts 10
please. to try TO accomplish more than
he is paid for. He warned the en-
Move asains. becoming a machine
rather than a thinking person, thus
hindering progress.
The talk was illustrated by interest
ing experiences taken from the lie OF
the speaker.
The students of the business college
expressed their appreciation of the at
tention shown their work by Mr.. Dur
ham, and hearty applause followed The
talk.
Among the new students who en-
toyed the evening were Ray A Fisher
w. A. Patterson. Charles kabler. +
NJ. HouriEan, Earl Cape and Alder
Anderson who are enrolled in this
bookkeeping course. and D. A Wilson
Miss r. j. Dykes and Nora Updik'
who are taking the st~enographic work
, 1921-12-15

Jeweiry and watch repairing BY ex-
pert workmen. All work guaranteed
Casper Jewelry Mfg. Co, o-S Bldg.
3-5-tf
, 1921-12-15

Ia ~ HOEF
Mr.. Srobom has gathered a crew Of
efficient workmen of all kinds, and
during the daylight hours 1t is a vir
tual beehive. nearly 10 men being EN-
ployed in all branches OF the work
from the unskilled laborv to the
skilled artisan.
In order to further facilitate tbs
work, giant electric lights have beer
erected and the work on rearing the
building is going on persistentiy q
hours a day.
TO show the rapidity with whs-il
the work is being handled. rs tons OF
steey for the sup~crstrncture was
swung into place in less than a weel.
and every piece OF II was set with
hand labor. The hand labor was en-,
tirely used because 1t would take ar
Improbable time on a g. u this kind
10 place the necessary holsting de
vices and other material used to re.
lieve the necessity of handling tho
steel by hand and lighter improvised
lifts.
Starting November 10, just a little
over a month ago. Mr.. Sroblom ano
his crew started d~ismanteling the
NSAtF ~ thtIti
from pioneer times to the prcsent
day. A record in destroying tn,
building was made.
Scarcely had the walls OF the ole
building been taken down than tn,
superstricture and walls of the new
building began to ear their prout
heads. When this work was under
way and material began moving witt
rapidity Mr.. Shoblom gradually in
creased his forces unti he was work
three shifts a day.
At this time there are % carpen
ters and 1s laborers and helpers o.
this craft alone employed on the build
ing. This is exclusive of the hos
of steel workers who are working II
shifts. the electricians. ventilation
men. and many other craftsmen en-
ployed in aiding Mr.. Shoblom max,
the record.
The building is now more than 81
per cent complete. All sub-contracti
, 1921-12-15

the public Is also at his stand In the
basement. He VII wrap any sort o.
package according TO the rules q the
postal department. for a smai eonsid-
grafton based on the sire Of the pack
age.
, 1921-12-15

port at the next meeting II the Hen
ming hotel December a.
The scout officials TOOK efvanthEe
% the first opportunity which has
been presented to them to discuss at
length some Of the problems al lead
ers of the Casper Scout troops
The regulations for he administrn'
tion Of Camp Rotary drswn up by the
camping committee were presented to
the officials by h scout executive
and many points Of minor fmportance
relative TO thu occupancy OF the camu
by the various troops were ironed oui
In the conferences.