davidaulloa/AmericanStories huggingface dataset:
New-York tribune., 1921-10-21

ouestiof.--would you kindly give me
some advice as to small investment
$4,000. perhaps $4,000, in the form OF a
trust for my mother. 1t must be safe and
yield at least s per cent; would be glad Of
a larger per cent, if safe. What bonds
would you suggest? j have been told to
try Prudence bonds or Union Pacific IS. I
saw In your paper Of yesterday that you
cago Union Station Ass; also Western
Union. Would those meet my case?
ferent bonds of $1,000 each. The total
amount viii vary according to British ex-
change, as 1t Is coming in draft from
there, SO there may not be an even sum.
savings banks before. I would appreciate
any information you could give. Is it all
bank Mrs. c. j. G..
Answer-You can purchase your
bonds through your own bank, or
through one of the large trust COM
panies or banking houses, such as the
Guaranty Trust Company or National
City Company If you gre, to act as
trustee for your mother, you must in.
vest In bonds that are legal for trus-
tees. If, however, this sum is the pro-
.ceeds of fund which was previously
left in trust for your mother, then you
are free to invest in any bonds that
you please. If the bonds are the pro
ceeds of the trust and you do not per-
form the duties of trustee, we think
you could not do better than divide
your bonds between the Chicago Union
Station 61as, due 1868, and Western
Union SIS, due 1886. You might also
include Westinghouse Electric and
Manufacturing per cent bond, due
1881, which is high grade in our opin-
ion. If, you act as trustee for your
mother. it is not so easy to get per
cent. We would suggcst New York Cen
trail refupding and improvement Az S,
due 2013, recently selling at 81, Louis
vile & Nashville first 5s, due 1887,
recently selling at 92&s, and Mime
apolis, St. Paul and Sault Ste. Marie,
first consolidated As, due 1888, recently
selling at 81.
New-York tribune., 1921-10-21

t"rhla, and covers California south of
san francisco. To this is added a new
Sranscontinental designed especially TO
compete with the Union Pacific--that
IS, the Denver & Rio Grande and West
ern Pacific. 1t was George Gould's
nhhttalned ambition to make the D. &
&: y. and W. +. "a successful competitor
of the u. P.
In .Atchison hands the D. & r. G..
would presumably prove formidable
competitor Of the Union Pacific, and
added to this is the Colorado & South
ern, which not only performs the func-
tion OF an outlet to the Gulf but has
immensely valuable lines in Colorado.
The Santa Yes own lines in Colorado
are valuable, and tho Denver G. Rio
Grande's lines are rich in mineral
traffic. The combination would put
the Santa Fe in dominating position
In Colorado territory.
Professor Ripley would have given
the Colorado & Southern to the Mis-
souri, Pacific. This at least would have
carried out the principle of making the
strong roads help the weak roads, or
of taking from the strong roads (the
Burlington now owns the Colorado e.
Southern) to give to the weak roads.
In railroad circle gossip it is said that
all the constructive changes made by
the Interstate Commerce Commission
In Professor Ripley's plan were sug-
gested by one commissioner, Hall, of
Colorado.
The mere fact that the Denver T. Rio
Grande and Western Pacific have just
been through receivership Is by no
means conclusive proof that, incor-
porated into a system such as that of
the Santa Fe, they would be seriously
weak for long.-W. E. II.
New-York tribune., 1921-10-21
U. S. Recognition
Needed by Mexico,
Says N. Y. Banker
Action, Would Go Far Tow
ard Strengthening Posi-
tion of Government, Eva
lenko's View, ON Return

Recognition of the Obregon regime
by the United States government would
go far in strengthening the position of
the present Mexican government and
would be extremely helpful in stabiliz-
ing financial and economic conditions
south of the Rio Grande, George A..
Evalenko, vice-president of Harvey
Fisk g. Sons, Inc, declared yesterday
on his return to New York from six
weeks stay in the Mexican capital.
Mr.. Evalenko went to Mexico in re-
sponse to an invitation received by
Harvey Fisk & Sons from the Mexican
Mexico City to- discuss with repre-
sentatives of Obregon various phases
Of Mexico's pressing financial problems.
"The present Minister of Finance,
Adolfo de la Huerta." said Mr.. Eva
lenko yesterday, sis young man fron
the State Of Sonora who was at one
time Mexican Consul at New York. He
is a sincere, high4minded patriot who
realizes the necessity of re-establish-
ing Mexican credits at home and
abroad and has addressed himself to
the problem of the resumption Of pay
ment of interest on their outstanding
obligations, as we'll as the payment Of
the arrearage of interest on Mexican
bonds.
'sThe whole, subject of payment of
obligations previously incurred seems
to have received small consideration
fnom the revolutionary governments
that preceded the administration of
President Obregon. Mr.. De la Huerta
is also giving consideration 30 revising
the entire banking system of Mexico.
He realizes that in his project the aid
and assistance OF the United States is
desirable if not essential. AT the out
set of these labors. however, he is con-
fronted with the problem that no
financing plan for Mexico can ho sue
cessfully consummated prior to recog-
milton of Mexico by the United States
aid those governments which follow
the lead of our country in Mexican
affairs"
Mr.. Evalenko expects TO return to
Mexico City for further conferences
on the financial problems of the
country.
New-York tribune., 1921-10-21
Peru Negotiating
For Large Loan
With N.Y.Bankers
seeks SIS, 900, 600 to $50
uO,OO0 to Carry Out
Several Projects; May
be Secured by Customs

ne Republic of Peru is negotiating
e'sa q Wall Street banking group for
: i0an Of s25,00o,0OO to $4,000, 900, to
:. issued in installments, the proceed $
: Snich will be used to liquidate the
s0'efnment's tax collecting and salt
'pahles' complete sanitation projects
-aa purchase shares in state bank
ss,Sa II is proposed to set up.
se1u mas sought to borrow in this
,aa'Aes Tor several years, but American
'saAers have shiod off on each &C.
Aslon' because Of the unsettled politi-
~ and financial situation in the South
american republic.
w', waoc0fding to dispatches received in
sA street from Lima yesterday, a bill
g.. g. Desh introduced into the Peruvian
asfess for the emission at 80 of a
sas ssss lpstallment of s1o,ooo,ooo to $1B,-
,Iss'sS ,Isy'sSO Of the new loan, yet to be nego-
tassa su' aated December /. The govern
"a s lnrough fiscal agency created
H. sa'aahister the loan, plans to amor
snsaah nm Per cent OF the outstanding bonds
nun, aaalas az los. it is said. The maxi
forta maturity of the bonds will be
T,s 70 s.s. years, according to present plans.
possd Sufe the projected loan it is pro-
spab,;sI. % Issue the bonds against the
Fpsol,ss 4. customs revenues.
Min;s,ss sinando Fuchs, former Finance
ID Nes Nav ~ Lima, ia expected to arrive
hsts ~ iofk early next week TO nero-
zen, sae loan with local bankers He
eonsr,t Lima about a month ago to
d ths M WITH President Leguia relative
sne financing program.
New-York tribune., 1921-10-21
Hard to Ask for More Than
Santa Fe Gets in System 10
NonsoA0ation w Scheme to Include Colorado & South.
ern, y. 4 r. g., Western Pacific, Etc,
Is Strong Alignment

ms g tie tosss'teenth Of a series of
u9seg artseies u,aaivx;ssg the proposals OF
tae interstate Cosrsnerco Commiasio,, fo,
tec consultations Of tAe railroads Of the
coansrp into nineteen major sgsfcns.
ihe series is based on data obtained In
sntc7ttes's tosth roilrcud men and bank
ere. The fifteenth article sciIl appear In
sae n,aanctat section to.fn07vote. Fiuan.
cioi Editor
System No. Is as laid out by the
sanrerssate Commerce Commission con-
sisss OF the Atchison, Topeka a Santa
Re, tho Colorado & Southern. the Den
YER a. Rio Grande, the Western Pa,
chic and Northwestern Pacific. Harri-
man in all his glory could have de-
vlsed only one better system, and that
WAS the Union Pacific Southern Pa
clfic system, which actually constituted
the Hartman lines, prior to the gov
ernment's successful dissolution suit.
The same elements, so far as com
petitive advantages go, are combined in
the Interstate Commerce Commissions
system No. is, as were combined in
the Hartman system, with the excen-
tion of the situation at New Orleans.
The Santa Fe system, with the Denver
& Rio Grande and Western Pacific
added, and with the Colorado & South
ern giving an outlet to the Gulf, would
constitute competitor for the Union
Pacific-Chicago & Northwestern sys-
tenn, which, If the Central Pacific should
be In competitors hands, would quite
possibly make the Union Pacific second
best. II would be hard to ask for more
than the Santa Fe is given. 1t has
now magnificent transportation sys-
tenn extending from Chicago through
oil and cotton and minerals to Cali
New-York tribune., 1921-10-21
Days Dealings in Bonds


Prices were generally we'll main
tained in the bond market at the ex-
change yesterday, although the vol
ume OF business was somewhat smaller
than on recently preceding days. Rail
issues we're firm on the moro hopeful
news of the labor situRtion. United
States government war issues ruled
higher, with one or two exceptions.
Among the foreign government bonds
price changes were small. The Mexi-
cans wero slightly higher on reports
THAI large loan to Mexico has been
arranged. Industrial bonds werc main
tanned at about the levels of the pre-
vious day.
New-York tribune., 1921-10-21
Georgia Southern Has
Deficit of $3.50, 724,

The Georgia Southern & Florida
Railway Company reported a deficit for
the year ended December 81, 1920. OF
s3To,724, compared with surplus OF
sS2,684 in the preceding year, Total
operating revenues for the ten month
period ended December 81, after gov
ernment operation ended, amounted to
$4,2S1 1852, while the total operating ex-
penses were s4,457 ,O3l, leaving a deficit
of $175,07S for the period.
Total operating revenues for the year
were S5,433,079, against $4,374,501 in
1919. Total operating expenses amounted
to $5,391.o94, compared with s4,121, 1923,
New-York tribune., 1921-10-21
Pittsburgh Steel Nets
S7.O5 a Common Share

For the year ended June 80 the
Pittsburgh Steel Company reported a
net profit after charges, inventory ad
justments and Federal taxes Of Sl,7s2.-
526, equivalent after deduction of pre-
ferred dividends to s7.05 a share earned
on the $14,000,000 common stock. This
compared with a net profit of sf.9sf.-
459. or S17.52 share, earned on The
100000 common stock outstanding
in the preceding year. Sales tota1ed
S23, 3,230,0Z7, against $27 ,483, 106 Surplus
after dividends netted s147,526, cSm-
pared with S666,459
New-York tribune., 1921-10-21
Five Donds for $4,000

Question: have a little more than
5000. / would like your advice in re-
gard to investing in say five different
bonds yielding from to per cent, but
not too speculative. read your columns
with interest. and before making a selec-
ton would appreciate your judgment in
the matter. suggest nve different bonds
as a matter of protection. l also expect
to have similar amount early next year
and would repeat on some of the bonds
c. T..
Answer-We suggest State of Queens
land IS, recently offered on 7.10
basis; Carolina, Clinchfeld & Ohio
first 5s, due in 1893, and selling at
price to yield about 1853 to maturity;
Kansas City Southern refunding IS,
due 1850, yielding about $50 at current
prices; Shawsheen Mills ten-year z per
cent notes, guaranteed by the American
Woolen Company, recently offered at
971a, to yield about T.35, and North
western Bell Telephone first mortgage
rs, yielding at current prices about 6.6O
New-York tribune., 1921-10-21
easton- Williams Hearing

49, asss'ng yesterday in the equity
mngs of CASTOR, Williams &
.,ss, yse, Inc, for whom receivers were
lsSss lss',sa g last ApriA was continued by
aiet caaser, In the United States Dis
learipas souft until October 81. The
lsteirsss.s vas on the application of tho
3 4. ns3.,,sf 1of the firm, former Governor
gsedpr and ex-Judge Van yechten
si!sf aof instructions in connection
Qastoaa aa oner made by George Al.
s,pt s,,s -. % purchase all the assets. ex~
- available cash, for $4,000.
New-York tribune., 1921-10-21

TO hgure The PRECISE yleId on oohd tt
is necessary to yield tables, but the
approximate yield can roughly be figured
out BY the following formula: Divide the
closing quotation on g. bond into the rate
the annual return. II the bond is selling
oeiom par YOU nnuss atlow also tor ne me
subtract the market quotation from par,
100. and divide the remainder by the
number of years the bond has to run be-
fcre maturity. For example. II a per
cent bond is selling at so and has ten
OF interest it pays, and the result will be
6.66 per cent The difference between par
and the market price viii. be 10 points,
PORTS ly ten ycurs the quetisnt will be /
This :leure Is to be added to 6.65. wlicd
In the annual return and the result. 7s6
per cent, Will give you the approximate
yield.
New-York tribune., 1921-10-21

SYDNEY, Australia, Oct. 20.--Pre-
mier Dooley has announced that ar
rangements have been made IN London
to finance the New South Wales wheat
pool for the coming season. The gov
ernment will pay farnacrs cash ad-
vance Of three shillings bushel on
delivery to railways.
New-York tribune., 1921-10-21
Financial Item

The Goodyear Tire and Rubber Company
first mortgage twenty-yesr per cent sink
ing fund gold bonds maybe exchanged for
engraved defnitiYn bonds. with interest
coupons attached on and altar October 20
upon surrender OF the TEN porarx bonds a,
the trust department OF the Union Trust
Company at t'A@eland. trustee. or at the
trust department. OF. the Central Union
Trust Com pany OF New York 80 Broadway,
New-York tribune., 1921-10-21
Days Nesc Issues

More shan two-thirds Of the $685.
600 City of Detroit bond issue offered
for public subscription yesterday by
Kuhn, Loeb K Co., Hallgartcn G. Co.
and Kidder, Peabody & Co. had been
sold at the close of business. The 5
per cent bonds are being offered to
yield from 51s to sos per cent accord
ing to maturities. the s u 5 from 51a to
BIS per cent and the 5 Il to yield is
per cent.
New-York tribune., 1921-10-21
No. Maturities Earlier than 1s4o

(bonda only) for $4,000, FIVE different
bonds, no maturitIes earlier than 1910,
yield per cent not too many rails as
list already owned has. in my estimation,
too many rails already.P. II. s.
Answer-We suggest $4,000 Of each
Of the following: Bell Telephone of
Pennsylvania rs, due in 1S45, yielding
at current market prices about 6.44; ;
Chicago Union Station 61as, due 1868,
yielding. about col; Brooklyn Edison
Company general 5s. Series A, due 1919,
yielding about 6.2l; P. Lorillard de-
benture rs, due 1854, yielding $50;
General Electric debenture 6s, due 1910,
yielding $50.
New-York tribune., 1921-10-21
ly absorbed by investors or not by 1928
is purely a question of personal opin-
ion


Question: few days ago noticed a
newspaper article relating to an issue of
New X York; atss New W. Haven Hartford bonds:
il Aprit 1922. ! believe this refers to the
New York, New Haven & Hartford As
listed oil the curb and selling around
60, Am I correct in my understanding
that a person could buy these bonds at
60 and receive in April 1922, 500 for
each Would you recommend them as a
purchase that could be made without a
chance of losing your principal? Am
rather in the dark, as / do not see why
they should sell so low If they are to be
paid off in six months at face value
that was my understanding OF the news
paper article.--C. l.. L.
Answer Whatever the writer of the
newspaper articles that you mention
may have thought, it is obvious that
the great majority of investors do not
think that the New York, New Haven &
Hartford 4s, due 1922, are going to be
paid at maturity. We certainly would
not recommend them as purchase that
could be made without chance" of
losing your principal. We think there
is a chance that you might get back
your principal, but that is all.
New-York tribune., 1921-10-21
Investment Information

Questions of general interest to en-
vestcrs aoiU be answc~ed sfs this col
un7t, IL, aohich case only iss;tSols scilI
be used. Others aciN be ansuered by
f'sa5i. Address all imqasiries, issctos-
sng q stamped, addressed onvelope, to
Fannncsat Editor, The Tribune, I5A
Nassau Street, NeW York City.
New-York tribune., 1921-10-21
Bonds
Boston Curb


Sales. Open. High Low. Last.
An Radiator. seh 5ea sesa 7eb
$40 90 Leather. I2ia l2ss i25s 12k
leo Briscoe Motors
SO Chi G C Rys pf ~. "a III ~
oCndahy :..,... 59sz S0n seq SO "a
$50 Cont Motors.. us 5ls S 8
s6 Illinois Brick. Sc IS SIS 5s
5S5 libby ia ~
100 NJ w It'll pf. s5 45 As as
lao Mitchell Mira.
50 Monsmy Ward Is 1s4 Is s1st.
New-York tribune., 1921-10-21

Safety FIRST IN $1OU Pieces
onsstion--.will you plsass as give me list
that you would recommend for. young
man on moderate salary to buy from
time to time? I should like to have safety
and marketabilitys third. They should
mature prefsrably in from ten to twenty
ana na Foundry IS, 1888. In such list IF, D
Answer--Keeping in mind your re-
quirements which are themselves
exactly the considerations which
should appeal to the investor of
moderate means, we submit the fol-
lowing list: General Electric deben-
ture 6s, due $780, to yield $50 at cur
rent prices; Colorado & Southern re-
funding Ans, due 1885, yielding about
7.10 per cent; American Telephone and
Telegraph collateral trust 5s, due 1946,
yielding about $50 per cent; Montana
Power first 5s, due 19a3, yielding about
6.05 per cent; Southern Pacific, San
Francisco Terminal first As, due 1850.
yielding about $50 per cent; United
Kingdom 57as, due 1887, yielding about
6.66.
Shall He Sell His Victory Notes?
Question--wo ouId you kindly give me your
opinion as TO what to 90 In the following
case: I own of Fifth Victory Loan $500
at par. AS goou touuS oUer SuCN an excel
lent opportunity FOR Investment would IL
not be wise to dispose OF the above and pu,
tho amount Into few good bonds, yielding
from to Per cent? II so, what ones
would you recommend With large degree
of safety. A friend has just recommended
Great Northern 7s, quoted Saturday al
1o4N; Diamond Match 7ks, ut 1o6; Du-
Pont de Nsmours iss. at 1904 New York
Central 6s at 9s; Standard Oil OF New
OF the above l!st3 Nc doubt You could sug
gest better ones. OR taking into consider
alton That the maturity date of the Nctors
lis not SO far distant, would II be better FOL
me TO hold the latter until maturity?
would greatly appreciate your opinion +
this matter--J. III.
Answer~Wh hat your question really
amounts to is request for an opinion
on the cosrse of the bond market. The
suggestions made to you by your
friend in regard to bonds are thor.
oueh good ones, we think, as far as the
intrinsic merit of the bonds and the
Standard Oil OF New Jersey preferred
ia concerned. What you would like te
know is whether in 1928 you will be
able to get as high yield as the Dia-
mond Match and New York Central de-
benture IS give you now with as high
degree OF safety. In the long run We
think that bond prices will 60 hlghei
aud interest yield lover, but there 4
still. we believe, a great deal OF tinanc.
ing which will have 10 be DONE anc
whether that will have been thorough
New-York tribune., 1921-10-21

The ratio of total operating expensss
to revenue was 1o2-64, as against ss.56
in 1919.
New-York tribune., 1921-10-21

A syndicate consisting Of the Harris
Trust and Savings Rank, A. 3. Leach &
Cos and the First Trust and Savings
Bank of Chicago is offering an issue of
s1,50O,o0o Chicago South Park district
per cent bonds. due serially 1922 to
l941. The bonds are being offered at
prices to yield from $40 to per cent.
The Hanchett Bond Company is of
fering 100000 City of Hickory, N. c.,
direct obligation 6 per cent bonds a..
ss and interest to yield more than 6
per cent.
New-York tribune., 1921-10-21

seab & Rnoke Third Av adj l9 - ga
'S issa o.. % az Va Ry s. Pw
Sharon st II rfg as 1860 9s 1884 =,
1a,, % set ~ TiGowater Oil Wabash 1st
New-York tribune., 1921-10-21

DeS ~ q 1T ID hs fgi3
As 1885 Z seA
] ,... 40 SAN
raes ~. % Morris & Co
4 afA, fns 1889
no. Piv Tun I -. S0L.
Iils 1asf Nor s. Essex
7eE 5iss 1900
Dst II ava 2 -. 6Sin
IEe 1ess N Ch e. 81 l.
II IS ss 1926
nul Jis q n; 7 -. 94i
ss.1aLa New Or Ter.
r,uI 4 8 4 All .... s5a
Ks 1857 ! 49,. 65
/ II Mex 5s 1895
pu pont de 3 80. e0t1
Nesu6urS 80 81 u
r13s I93t ~ Y Cen col
Evening journal., 1921-11-01
Mems and Boys Shoes

Tan calf. English last. low
heels. $500.
Boys tan, English OF broad
toe. sizes | to 5H. $500.
Little Gents. tan or black.
broad toe. II to 1874. $3.50
Evening journal., 1921-11-01
NOT ENOUGH WOOD
TO COFFIN CITIZENS

BUFFALO. n. Y. Nov. / Omitted
Press) BUY your coffin early y"win
be a business slogan IN New York
State before long. II the forests are
not preserved.
New York State is running shy on
coffin material. the State College Of
Forestry has discovered. only a
seventh Of the population Of the
State could be provided collins from
state forests, the college authorities
staed.
The college calls attention TO the
great destruction of forest lands and
points out that wanton destruction
Of the forests have so depleted the
supply that the only reason one
doesn't have to wait seven years FOR
coffin is that nine-tenths OF ths
lumber used for caskets and rough
boxes is imported from outside the
States border.
More tree planting. better forest
protection and closer utilization OF
wood production is urged by the
college 10 save the State from the
wild orgy OF waste that has been in
progress for the past century and
! which has now reached serious pro.
portions.
Evening journal., 1921-11-01
GEORGE gets
COMMONS AID
British Premier Given Man
date to Continue Irish
Farley
SHOWS DANGER
OF NEW WAR

LONDON, Nov. 1.-The govern
ment obtained its expected mandate
from the House of Commons last
night 20 proceed with IRISH negotia-
tions. The Unionists motion CEN
suring the government for initiating
the Irish negotiations was voted
down 439 TO 40.
The Premier also achieved an
other Of his oratorical victories be-
fore an expectant audience. SO far
as the movement OF protest was de-
signed to draw information as to
the proceedings Of the conference.
it failed. The Premier gave no in
formation as to what has been decid-
ed, or Is being discussed regarding
deNalera's claim TO independence
and the rumored attempts to ar
range concessions from Ulster Tor
a united Ireland. These remain in
the realm Of speculation.
One piece OF Information the RE
mier did give. II was that unless
something happened within a few
days. presumably in the conference.
to solve the unsettled status Of Ire
lands two governments steps would
be taken to give the Ulster parlia-
ment the power necessary to make
It a real government.
Mr.. Lloyd George declared that
the time to question the negotiations
was when he first proposed them
to the Sim Fein by public correspon-
dence last July. Much Of his speech
was devoted to holding before the
commons the prospect Of a renewal
Of guerrilla warfare II The confer
ence broke do1a.
He declared the first thing the
government would have 10 do would
be TO ask the House TO strengthen
the crown forces, but pointed out
the cost Of renewed warfare and the
reluctance Of the country TO incur
greater taxation and ask more
young men to risk their lives. He
asserted the governments resolve
10 refuse concessions which would
weaken the empire. but to explore
an paths 70 an honorable peace. and
emphasized the fact that any agree.
ment must be ratified by Parlia
ment.
The motion. as presented in Par
lament, was divided into two sec
tons. the first. an expression o'
grave apprehension that the govern
ment had entered into negotiation
with men who had repudiated tn
authority Of the crown, and, second
that the sanction OF Parliamen
ought to have been obtained for thi
actual proposals made.
mo compact can come into effec
without the authority Of Parlia
ment" said Mr. Lloyd George
Every detail will be submitted q