davidaulloa/AmericanStories huggingface dataset:
New-York tribune., 1921-12-30
American Cotton Oil

Question-Am a daily reader OF The
New York Tribune and notice you reserve
l. stocNs and bonds Am desirous OF
knowing your opinion Of the financial con-
Onion cf American Cotton OF Company .
DO you think there Is any danger Of re-
cflyership IN the future Wculd you sell
or hold common stock of this company >
90 not expect to receive a dividend on
tre common stock for long time and
DO not care so much a bout dividends as i
dc not know whether Il Is safe from re-
celVe rshiN. Please ad wise mo your opin-
ion as 20 the companys financial safety
from receiv versh!p. It's chance for bus-
resS Improvement. its chance for advance
me NJ OF stock from present price OF q Il
"A. L. p
Answer-The last balance sheet Of the
American Cotton Oil Company avail
able is that of August 81, 1921. This
shows very considerable Improvement
over tie ba ance sheet Q Auguet 81. 900.
Bills and accounts receivable have been
reduced from S., ,658, 600 to S4391 900
and inventories from S13,227 900 to
$3.50, 600, and the company had en-
tirely paid off the $500 900 notes pay
able which were outstanding August 81,
1920. The company discontinued divi-
dends on both common and preferred
and had a deficit for the ~r
ended August 81, 1921, of S2935 900.
The president said at the annual meet
ing that in July conditions had begun
to improve and had continued to int
prove. While it IS possible that fur
ther unpleasant difficulties may arise
which would embarrass the American
Cotton Oil Company, it is our opinion,
from 3 study OF the 1921 aal nee eet
that the company has probably passed
it's crisis.
New-York tribune., 1921-12-30
High Yield Bonds

Question: am constant reader OF
your investment Information column and
ar: asking YOU and thanking YOU in al =
vance Tor a little OF your generous advice.
earn 81 600 d year and dependent on my
NJ larry for livelihood, except for 5000 q
year interest on Liberty Loan bonds
have $500 in savings bank Of which l
would like to invest $500 IN good or g
per cent bond. Some months ago l purc IA sed
$500 government bond OF the French
Republic twenty-yeaT external gold loan
7 Il per cent bond. Would you advise that
mortgage sinking fund So, 1871 not cali
able, sS Il look pretty good to me; also
r. s. RoNster Guano Company first mort -
gage sinking fund SIS. Otis Steel ss and
Cerro de Isasco Ss. But how DO they look
10 YOU IL cant get any OF the above
bonds through the bank in Cincinnati.
where ] do business would you please tell
whore could purchase them II you
know o. any other bonds more suitable 10
me, l would thank you kindly for the in
tormation.-A. e. s.
Answer-You ought to be able to get
any of the bonds that you name
through your bank ii Cincinnati AS
long as you understand that Central
Steel, T. s. Royster and Otis Steel are
not the highest grade bonds, but are
geea bonds in the class that yield as
high a rate as these DO, you can use
your own judgment. Cerro de Pasco is
n sound Investment, we believe. sub
ject to being cal ed, but if called can be
converted into stock at 33 1-3 W0uldn t
it be little more conservative to wait
before buying your second French 8
per cent bond until you saw how the
German indemnity payment is going
to be handled?
New-York tribune., 1921-12-30
win Lose In the Long Run

Cneati0a-l ara a widow and now have
S3,oQo, What Is the highest yield poaai~
he Ter ssfe'y' What do you think Of
Ruckeye Pipe LINE. and what security
Is there IN the Investments Are the Pru-
dense ana Raaners stocks safe Mrs
c. II.
Answer~~'Safe" is not the word to
apply to the common stock Of oil com
panics. We fear that you are attempt
ing to speculate. The chances are that
IN the long run you Will lose as much
money as you put into the speculation.
Producers and Reiiners' Corporation. in
the year ended May 81, 1920, earned "a
large margin over its preferred and
common dividends. The depression,
however in the oil industry has been
IN the period since this statement was
made up. Buckeye Pipe Line stock is
also speculative.
New-York tribune., 1921-12-30

approximate yield can roughly be figured
out by the following formula DIVIDE the
closing quotation en- bnad into the rate
Of the annual return. II the bond is selling
below par You must allow also for the
appreciation Of the prinei pa. To do this
subtract the market quotation from par
or 100 and divide the remainder ry the
number Of years the bond haa to run he
fore maturity. Fo- example II per
cent bond is selling AT 80 and has tnn
years 10 run. the annual return viii ba
6.SS per eent. The difference between par
and this market price viii be 20 points
Suhtractins 80 from 100 Divding gan
poinSs by ten years. the Guotleut VIII be |
This figure Is 10 be added e6s, whish
ts the annoA! return, and the result. T.55
pc cent. VIII give You the approximate
-field.
New-York tribune., 1921-12-30
In the Wrong Church

Suestion-~Would you please advise me
anout the following invest ments? I have
Sl5O0 and would Hike to invest il as 70, =
!ews II you think the management behind
hem O. l. I am not satisfied with 6.
or 10 per cent. but want an Investment
Whereby stand a chance to get least
20 per cent and ever. Carlisle Tire per
cent with a 40 per cent bonus of common
Daniels Motor per cent. with 20 per
cent bonus of common; Rusiness builders,
Inc. per cent. particinating preferred.
Would like to invest sae0 in each OF the
tereEoinE What do you think Of t.
NJ. K. II.
Answer--f you are rot satisfied with
e, or 10 per cent you have certainly
come TO the wrong church. Also you
viii pardon us if we remark that your
IDEAS OF the meaning of the word FIN
vestmene' are nebulous in the extreme
If you are going to insist upon re-
turn of 90 per cent or over, the only
thing we can do is to wish you luck
You viii need it.
New-York tribune., 1921-12-30
fnUeStmenf
Information

Qucstio1s Of genevcl snteresf to sn-
psStors icia be dHsqocrcd IN tkis oei~
NTnnD m mhich case only initials msil
oc asea. Others sotu be aasmcrea hy
'nasl. Address ali inquiries, inoios.
'Ns stomred addressed enueIope 10
tsRaRcsdl Edstor, The 7'rsbs4ne, Is5
NosSau Street. Nam Yo~k City.
New-York tribune., 1921-12-30
Paris Market Firm,

PARIS, Dec. Prices were ,~r
on the bourse to-day. Three per cent
rentes 81 francs SO centinaex.
Grange on London s2 francs a. ce.-
IN mes. rive per cent loan 50 francs
20 centmes The dolar .y.,s .s.'s'SS
at l. francs 49, eentimss.
New-York tribune., 1921-12-30
The following coupons and registered interest
payable at
Ihe New York Trust Company
100 BROADWAY
NEW YORK
DUE JANUARY l. 1922
DUE JANUARY /, 1922
NEW YORK

Alabama Water Co. 5-Yr.70o Gold
Coupon Notes
American Dock & i'm proverlent CO.
Extended lst Mtge. Gs
Athens Terminal Co. lss Mtge. SIS
Auburn Gas Co lst NJ ge. S. F. IS
Big Horn County, Mont, Bridge
Bonds
Bronx Gas & Eiec. Co: lst Msge. S 5
Broadwater County, Mont, Road
Bonds
Brooklyn Borough Gas CO. Conv
Gold Deb. 715s
Cjsy Of Buffalo, Wyo., Sewer Bonds
City Of Sedalia, Nc, Rel. 49,
Ca.nas County, Idaho, Road Bonds
Central Market Street Railway Co.
lst MtFe. S. F, SIS.
Central E. r. Of N. J. Ger. SIS
Century Oil CO. SO Conv. S. F.
Gold Notes
CitizersGas& Electric CO. Of Council
Bluffs. lst Mige. IS
Citizens Gas & Fuel Co. Of Terre
Haute, Isl Ret. 5o-Yr. SIS
Cry OF Great Falls, Mont, Water
works Bonds
City of Minot, North Dakota
Clinchheld Coal CO. 1st Mtge. SIS
D K. Z. Holding Corp. Gen. SIS
Davidson Realty Co.
Dawson County, Mont, Highway
Bonds
Delaware Gas Light Co. 1ss5's
Detroit, Toledo & Ircnton R.R. Co.
lst Mtge. SIS
East Hampton Electric LighsCo. o'z
Equitable Illuminating Gas Light
CO. Of Phila. lst M,ge. SIS
Erie County Elec CO. lst Mtge. IS
Fallon County, Mont. Funding
Bonds dated Jan. I, 1921.
Fonda. Jotnstown & Gloversvi!le
RR. CO. Gen. Ref. a.
Fonda, Johnstown & Gloversville
k.R. Co. lst Cons. Ret. 4l2's
Garfield County, Mont, Funding
Bonds
Glacier County, Mont, Funding
Bonds
Glacier County, Mont, Highway
Bonds
Greenwich 1'ranway Co. lss Mtge.
5's
HackensacE Water Co. 1st Msge. a.
Indianapolis Water Co. Gen. Mtge.
SIS
JonesvilIe, S. c, School Dist. SIS
Kansas City Light & Power Co. lsr
Mtgs. SIS
DUE JANU
Louisvil!s Gas & Electric Co.
McWillians
Ristigouche
World Film. .Corp
New-York tribune., 1921-12-30

Kansas City Southern Ry. Co. Ref.
& Imp. IS
Lincoln Traction CO. Gold SIS, 1888
Llano, Texas, Ind. School Dis. B
Lockpors Light, Heat & Power Co.
ist Mtge. Ref. SIS
McCone County, Mont. Funding
Bonds
Macon, Dublin { Savannah R.R
Co. st Mtge SIS
New Orleans City & Lake r R. Co
lst Mige SIS
New Orleans CisyR R Co Gen SIS
Norwich Gas & Electric Co. lst
Mtge. 5 5
Pine Bluff CO. 1st M.ge so-Yr Cold
Bonds
Plastsburgh Traction Co. lzt M,ge.
o's
Pocahontas Consolidated ColIieries
CO, Inc, s0-Yr. Gold SIS
Powder. River County, Mont,
Funding Bonds
Rich t{ill Coal Co. lst Mtge. s. z.
Gold SIS
Rockingham County Light& Power
CO. Gold SIS
Sharon & New Castle Rys. Co.
lst Lien S. F SIS
Silver Bow County, Mont, High
way Bonds
Somerset County, N J.. Building 4's
South Platte Canal { Reservoir CO.
lst SIS
South Shore Gas Co 1st Msge. SIS
Terminal Warehouse Co. 2aa
Mtge. 5 s
Toole County. Mont, Funding IS
Tri State Tel. / Tel. Co. SIS
Underground Electric Rvs. Co.
ot London, Ltd, As, 1883
United Fuel Gas Co. Isr M,ge. ST.
SIS
United Gas G Electric Co. OF N
lst Mtge. SIS
Utica Belt Line Stree, R.R. Co. Ind
Mtge. SIS
Utica. Clinton & Binghalnton R.R.
CO. Ger. SIS
West Virginia Utilities Co. o's.
Series "a
Wibaux County, Mont, Puhlic
Highway Bonds
Wiliapa Electric Co. Ist Gold Ga.
Series A. B & c
Worcester & Connect'cut Eastern
r.. Co. Isl Msge. 41s's
Youngssovn-sharon Rv. & Light
CO. Is, Msge. 6. =. SIS
.RY Is, 1922
s9z Bond Secured Cold Notes
sros., Inc, IS
almon Club 5's
lst Serial Gold Is
New-York tribune., 1921-12-30

Company Of New Jersey, which en-
er~Jes m salem. Camden. Cumberland
ana H-oucester counties, Tne BoAo ss-
s-e = 20 capitalize part of the con-
struction expenditures I'D 70 Sente,,,rs :
So, 1921.
Il. f. Mcconnell & Co. are of-e-,nv
al - nd interest an Issue OF $500 .005
L. K Roberts Typewriter Company fvs-
year convertible 8 per cent secured
HemphiI, Noyes y Co. announced
yesterday that they had sold new,
issue OF S1.250,0 ,0o0 Hooker Eiarsse =.
chemical Company first mortgage ner
cent sinking fund bonds. Series A due
January ] 1877. - 1's
New-York tribune., 1921-12-30

IN by Il group headed by the Aatloaa!
City Company, waich also submitted a
bid Of l0l.1a Tor Sl0,0O000 of the
bonds and an option on The remainder.
The bonds are payable in Ohio. Mem
bers OF the successful syndicate viii
net meet until next week To decide
upon an offering price.
New-York tribune., 1921-12-30

The State Of Ohio Yesterday awarded
an issue Of $4,000. .000 4s4 per cent SOL
der bonus bonds, maturing 1923-'92
TO q syndicate composed Of the FRS.
National Bank, Stacy & Braun, Brown
Bros. & Co, Lee, Higginson & Co..
Blair & Co.. Inc, the Cleveland Trust
Company, Richards, Parrish & Lamsor.
Of Cleveland; the Illinois Trust and
Savings Bank and the Merchants Loan
and Trust Company, Of Chicago The
successful bid was l01.776 equivalent
TO approximately Il 440 per cent yield
basis. A group headed by Hallgarten
s. Co. submitted the second highest bid,
10000, and an alternate bid Of l01.05
If the bonds We're made payable in New
York. The third bid. I00.s3, was put
New-York tribune., 1921-12-30
Day $ Nesc Issues

A syndicate composed Of the Bank
ers Trust Company. the Union Trust
Company of Pittsburgh, Blair & Co,
Inc, and Halsey Stuart & Co. yester-
day offered at 81 TO WELD more than
per cent, Sl2 100000 first and refund
ing per cent sinking fund mortgage
bonds, series B, cf the International
Paper Company, due January /. 1947
Proceeds Of the issue are to be applied
to reduction of the company's indebt-
edness. The issue is redeemable IN
whole or in part on any interest date
a 1902 Il on fifteen days published no
tice The sinking fund provision sets
forth that per cent Of the bonds Is
sued under the mortgage VIII be pro-
vided annually Tor purchase Of the
bonds up 10 102le or for redemption
OF bonds by los ut that price. The
syndicate announced at the close OF
business last night that the issue had
been virtually subscribed in full, and
it is expected that the books will be
closed this forenoon.
New-York tribune., 1921-12-30
Bid and Asked

foiiOwing are the closing bid and
asSed Quotations Of stocks listed on the
o'"cs Exchange in which there were
ne transactions yeste rday.
New-York tribune., 1921-12-30

snpoin,d na5aare Trust Company has been
bonds ~ trpsfe" fDr the first mortgage
fir..t,.. p. 7"u' invest ru~ Utilities Car
sDs a., i-s'' N'ftrs o"ins .ai
- 'i .f'tti1U-r
New-York tribune., 1921-12-30

Two BIDS were submitted yesterday
at The Hague fer the Dutch Eat IN
dies loan, By the Guaranty Trust Com
pany and by Hallgarten & Co, cable
advices reporting the rejection .of both
The understanding IS that a rev date
Tor opening of bids will be set some
time next week, when keen competition
IS expected TO develop. Several inter
ested institutions and houses ahstainsd
from bidding Yesterday becau~n ~ ma
approach Of the yeag-end holiday.
Word was received tnat tn. she~-
ianas parliament had finally approved
the Dill authorizing 500. coo 900 bonds
Tire: Now Jerssv Srata Rna-S nf p
New-York tribune., 1921-12-30

The New Jersey State Board Of Pub
ne lalitles Yesterday approyedS n IS
sue OF s26l, 900 bonds Of the EH .ct1le
Judsonia weekly advance. (Judsonia, Ark.) 1???-1922, 1921-05-19

men bid vast sums for the priv
ilege Of calling few square feet
their own. And as the city grows
| become more and more sought
after and my value vastly in
creases.
People must live and l am the
source of all substance.
bear the burdens of taxation
for the expense of the govern
ment and the Welfare Of all peo-
pie.
While but few comparatively
among men clai title of possess
zion | am the servant of man
kind.
I do not run away. I cannot
be carried off. Fire nor elements
can destroy me. | stand through
the ravages of time.
That is why | am called Real
Estate.
Judsonia weekly advance. (Judsonia, Ark.) 1???-1922, 1921-05-19
LABOR BOARD DECIDES
TO LOWER WAGES

Chicago. May 18.-The United
States Railroad Labor Board late
yesterday announced its inten-
ton Of revising downward the
wages Of more than 100000
nnslilled rail workers, effective
July l. The amount of the de
crease will be made public on
June l.
AT the same time the board
announced that it would hole
hearings on June 6 regarding
proposals by the roads to de
crease the wages of other class
es Of employees and would also
make its decision in these cases
effective on the same date. A
similar decision in the case of
skilled workers would mean a
cut in the pay Of practically ev-
cry rail way worker in the coun-
try on July l, and would affect
approximately 100000 men, it
was pointe out. d
Judsonia weekly advance. (Judsonia, Ark.) 1???-1922, 1921-05-19

have been reared the civilization
of all the ages.
am the pawn for which kings
and emporers and legions with
out number have fought.
Centuries ago boundary lines
we're drawn across my surface,
and l am proportional out a.
mong tribes and nations. prop
erty rights were established, So
ciety came into being and chaos
gave way to law and order.
[ am the farm, the mine and
the forest.
Judsonia weekly advance. (Judsonia, Ark.) 1???-1922, 1921-05-19

You nee but to tickle" me
with the hoe and | laugh with a
harvest.
From my depths and noun
tain sides are mine all the useful
and precious ores and metals.
In my forests are hewn the
timbers which pass through lath
and plane into the palace of the
prince, the house Of the mer-
chant and the humble home of
the poor.
| am the great city where hun
dreds of thousands crowd, and
Judsonia weekly advance. (Judsonia, Ark.) 1???-1922, 1921-05-19

We have heard of a man who
was accepted for enlistment in
the Marine Corps in an Oklaho-
ma city who said that his moth
er was an American who mar
ried a Frenchman in Italy. He
was born on a ship flying Spanr
ish colors lying in the English
Channel.At the age Of five years
his parents died in Sweden and
he was adopted by q German
Judsonia weekly advance. (Judsonia, Ark.) 1???-1922, 1921-05-19

who brought him to the United
States. His adopted father is not
a naturalized citizen.
Would you class him as the
man without a country" the re-
cruiting sergeant was asked.
Man without a country, moth
ing" said the sergeant. I'D
class his as a League of Ma
TONS"
Judsonia weekly advance. (Judsonia, Ark.) 1???-1922, 1921-05-19
Miss Josie 2. Forbes left Mon
day to visit relatives in Hickory
Plains for a couple of weeks.

Bradford May 15.-The Brad
ford Fruit Growers Association
has shipped SO carloads of straw
berries, and will continue the
shipments for several days. Sew
eral shipments have been sent
to Canada.
Judsonia weekly advance. (Judsonia, Ark.) 1???-1922, 1921-05-19
/ AM REAL ESTATE

[ am the basis of all wealth.
] am the foundation on which
Judsonia weekly advance. (Judsonia, Ark.) 1???-1922, 1921-05-19

The tongue and jaw ought
not TO work more than eight
hours, either.
Weekly journal-miner., 1921-04-27
WALNUT GROVE
 SHORT LINE |S
 ASKED AT MEET
Proposed Route Would Follow Old Montgomery Trail and Reduce Distance From Pres colt Twenty Miles

Construction ot a short line road from Prescott to Walnut Grove, cut ting down the distance between the two towns by about 20 miles, was brought up at last nights meeting Of the chamber of commerce as a pressing need of mine owners and operators below the Climax mine. The road at present into that dis trict is sadly in need of repair for a stretch of several miles, and the situation affords opportunity of con structing at little cost a road which will bring Walnut Grove close enough to this city to divert the large potential trade of that town to Prescott. it was stated last night by Ed Block.
 The road at present in use leads to Walnut Grove by way of Kirk land. and covers distance of be- tween 30 and 38 miles, while if it were to take the proposed route due south to the Hassayampa and thence to Walnut Grove, the distance would be cut to 10, tapping a section popu- lated by many cattlemen and farmers.
 In addition, the mine operators in the vicinity of the Climax are hard put to it for adequate road facilities to get into and out of their camps. Among these properties is the Zonia, operated by the Calumet & Arizona people, property worthy of con siderable attention. Block stated.
 Seven miles of the road were con structed last year by the county, and that the road could be continued into Walnut Creek at very little cost. A petition is now being circulated in that part of the county, looking toward the repair of the road in the vicinity of the mines The road ac- cording to A. C. Gilmore, follows the route of the old Montgomery trail in use in the old days. Gil more believes it is a route which should be revived.
 The matter will be taken up with the board of supervisors by the chamber of commerce.
Weekly journal-miner., 1921-04-27
VERDE COBRE |S
 NEW COPPER CO.
 ORGANIZED HERE
From Thursdays Dally)

Interest is being aroused locally by the organization of the, Verde Cobre Mines company 10 take over the Allen Springs group Of claims lying about four miles south of the United Verde Extension mines at Jerome. Officers and directors of the company are H. William Stew ems, president; E. ]. F. Horne, vice president; Charles T. Joslin, secre- tary-treasurer; w. A. Drake and James A. Hope, directors.
 The properties which will be ope- rated by the Verde Cobre company lie between the Jerome Pacific and the Verde Chief Extension locations, in the same range in which the United Verde and the United Verde Extension are located.
 Stevens, who has promoted the properties, has been working on them for some time In addition to the local men named above, his associ- ates include eastern capitalists.
 The site of the properties is on Allen Gulch, at an altitude of about 5,S13 feet. At one point a cross-cut tunnel is in a little over 800 feet to intercept an outcropping of an in truding cutting the property north east and southwest About 800 feet farther up the gulch, a second cross cut tunnel has been carried in about 200 feet to intercept an intrusion of quartz porphyry cropping out on the mountainside on the other side of the creek. It is stated by Stevens that this out-cropping shows decided copper values. The tunnel will have to be driven in another 200 feet be- fore it intercepts the belt and estab- fishes the naturalization which it is believed will be found at depth of about 300 feet from the surface.
 A third tunnel exists on the prop erty. drifted in on the ore for about 40 feet, with view to following the ore as far as the Allen shaft from which ore was taken in the early days, and then cross-cutting to the shaft and up-raise to open up the ore body. A fourth tunnel has been driven in northwesterly direction, at point farther down the creek
 The Verde Cobre company is be- lieved to be one of the promising partly developed properties of the Jerome district. Stevens and his as sociates have been much encouraged by the reports of expert mining en- gincers who have examined their holdings. Initial expenditures of the company will be for driving the ex- ploratory tunnels with the greatest speed and the least cost possible. No expensive buildings or mill equip mcnt will be installed until the val ues have been determined beyond doubt It is understood that the management will install two com pressors in order to hasten the driv- ing of the tunnels.
Weekly journal-miner., 1921-04-27
COUNTY STARTS WH|PPLE ROAD
 WORK IN WEEK

With the moving over to Prescott from the Verde valley of the two county road crews now at work ill that section construction of the county's share of the Prescott Whipple road will begin early this week.
 The road will be graded from Washington avenue, the city limits to the Whipple gates, surfaced and capped with a good quality of gravel, according to County Engineer H. L. Fishel
 Considerable work will be entailed in constructing the road, since from the city limits to Arizona avenue, the route followed by the present Gurley street road to the barracks, it will have to be cut through mala- raj rock for a distance of 500 feet. Some of this rock is solid, part of it loose. About 1,500 yards of rock and earth will have to be- moved from this cut.
 It had been planned by Engineer Fishel to surface and cap the road with crushed rock from the Punten- ney quarries, but this scheme was discarded when it was found that the rock could not be bought, hauled to Prescott and crushed for less than SC or $7 a yard. As for cinders. Engineer Fishel finds them unsatis- factory for surfacing, being too soft and powdery.
 The gravel to be used on the road will probably be taken from the bed of Granite creek. This material will be rolled thoroughly into the surface of the road and capped with a good quality of gravel.
 Work on the city's share of the road is progressing. The city crew is now busy laying the second large culvert on East Sheldon street, and when this and the fumes are laid. will start the actual street work