davidaulloa/AmericanStories huggingface dataset:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1922-07-15
Stock Prices
Slightly Lower
Following Rise
s,eadiness in the Face of
Unfavorable News. Is Inn
nressive; Some Shares Sell
at New Highs for Year

Although trading In stocks yesterday
-. within fairly narrow limits, the
....a,ness Of prices in the fal.e of un-
s.vorable strike news and the OBJ
.,o,.lv critical situation in con-
,..tion with German separations, of
-s;.h an instalment falls dv,e to-day,
=. impressive. AT the opening the
-,as. taking movement of th,, previous
law went further, but then forces as
.o.;ated with the major speculation
,or the rise became operative. Prices
!, Industrial shares climbed higher,
x;.h such shares as Studehaker, Allis
c.sln,ers, American Can and Con-
.,,idated Gas climbing into new high
levels for the year.
Toward the close new selling pres
ans. resulting from minor and tenn
,syary shift of the trading position.
"a, exerted, and prices receded from
ia highest levels of the. day. Phil
.ssphers of the ticker tape attached
.,s,:sl significance to the 1ightness of
,serings and the heightened dulIness
uh,eh prevailed after quo tations re-
acted. At the close the average price
ottwenty typical rail shares, which had
been easy in tone and quiet through
The session, was 1926, compared with
1885 the previous day, and that of
thirty industrials was 91.20, compared
With 5000 on Thursday.
In view of the failure up to the
present Of the peace overtures of
Chairman Hooper of the Railroad
Labor Board, the recession Of railroad
shares was remarkable only for it's
extremely slight character.
The entire bond market was strong,
and all the Liberty bond issues scared
either to the highest levels of the year
or.since their issuance. Buying, which
had already been active since the be-
ginning of the month, was stimulated
BY the cutting of the discount rate to
the pre-war level Of per cent by the
Bank of England. This reduction was
simply another landmark signalling
the passing of the period of abnormally
high interest rates and. depressed quo
tations for securities of fixed return.
Francs and marks, which had re-
covered sharply earlier in the week,
continued further in the secondary re-
action.
Heavy offerings at the close, based
on conflicting reports upon the crop,
brought decline Of 10 to 81 points for
cotton. Wheat quotations were 1 to
" cents bushel loweE.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1922-07-15
What's Behind
Active Stocks {?
45-American Locomotive


The American Locomotive Com
pany was incorporated in 1901 and
since that year has paid dividends
on the preferred stock at the an
nual rate of z per cent without
omission. the capital stock Of
$50,000,000 is divided equally be-
tween cumulative preferred and
common. Except for the period of
1909-'15 dividends on the common
have been paid continuously since
1905, the present rate Of 6 per cent
being in force since the middle Of
equipment companies, American
tories to write off when price de-
fation came and. accordingly, the
common dividend was earned more
than twice in the year 1921. In
the nine and a half years ended
December 81, 1921. net earnings
available for dividends on the COM
mon were equal to an average of
17.18 per cent annually. Cost of
property less depreciation at the
end Of 1921 was S40,230,000. Cash
and United States obligations to-
tailed $14,953 900 and current assets
exceeded current liabilities by SAL
725,000. This favorable working
capital position was in common to
most of the equipment companies.
On December 81, 1921, net assets
applicable to the common stock
were equal to $224.03 a share. The
company has no funded debt of it's
own but has an obligation Of 81 ,932,-
coo in bonds of constituent com
panies. Owing to increased demand
for railroad equipment the COM
pany's rate of operations has in
creased since the beginning Of the
year. Range Of stock since the re-
sumption Of dividends in 1916:
High, 117h, in 1922 and 1919; low,
469s in i917; yesterdays close, ia.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1922-07-15
Northern Pacific Financing

Bankers and officials of the Northern
Pacific were in conference yesterday
on the plans for selling the company's
5 per cent bonds in such amount as
may be necessary to retire the North
ern Pacifc-Great Northern 6h per
cent bonds, called for payment late
this month. No announcement has as
yet been Forthcoming as to the amount
Of these bonds which remain outstand-
ing following the expiration of the
period for converting them into North
ern Pacific 6s, but it is understood 20
be less than $10,oo0,000. The refund
ing operation probably will be under
taken early next week.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1922-07-15
The Dollar in Foreign Exchange


The foreign exchange market was
dormant yesterday, trading being on a
a s Net results esa aa nvoVed s unmp1s
ecesssions from the closing levels of
thursday, sterling losing Il cent,
ehancs three points, lire point and
marks marks "a of one-huhdredth of a cent.
otner Europeans were irregular but
ouii The course of trading reflected
comparative indifference to the days
news budget, which included such
.ems as the announcement of Great
nri'ain's intention, to pay what it
owed the United States Treasury, the
arrival na Of more British gold here, and
uermany's statement that she would
pay the 100000 gold marks due on
reparations day.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1922-07-15
To Paw the United States

The, statement of Sir Robert Horne,
Chancellor of the Exchequer, yester-
day that Great Britain regarded as a
solemn obligation /and would pay it's
Indebtedness to the United States at
tracted attention in the financial dis
trict chiefly because of existing con-
ditions in Europe. The intention to
pay has previously been declared both
officially and unofficially in England,
but it's reiteration was felt to be
significant now as possibly laying the
basis for new start toward solving
the problem of reparations and inter
allied debt.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1922-07-15
Wrong Stock for Him

oucstlon--I should he very gratefu, ~
you would give me come Information about
tne III uiorglo Fruit Corporation. / know
sery ntue about Investments, but have
peen toid That 1t il good and safe com
pany: y pays high dividends. / under
sa Would you advise me to take the
1900 1 now have In the bank and for
WIG. wnich receive ~ per cent, and nut 1, in
Inls corporations In the long run win T
profit more on common or preferred stock :
Answer--In our estimation WOW
would be unwise to take money Won
ma nave in the bank and buy shares Of the
VI Glorgio Fruit Corporation. You
say you know little about investments.
so we will say that this stock is mot an
investment and is far from the TYNE Of
security we characterize as safe. The
individual who will not be insonven-
FENCED through loss of income in pur.
CHASING speculative stock of a com
pany that may prove failure can take
chances that you should not. We
strongly urge you to select a reliable
broker and tell him you wish to buy
either Atchison preferred or Union
sona preferred in the amount that
SSoo will purchase and you may plaee
INC certificate you will receive in a
sa1e place and rest assured that divi-
oends will come regularly.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1922-07-15
Investment
Information

QxsstSons Of general Interest TO In.
vssteys soiH b answcred in this coll
unn. In ,okich cote only iatsiais seiil
bs used. Others ,cil1 DO answered by
mail. Address uil inquiries. incios.
ing stamped, addressed spveiope. 10
Financial Editor. The Tribune. fsI
Nassau Street, New York CITY.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1922-07-15
Missouri Pacific Dividend.

Question-About nine wars asn
Ioid con, wen recommended bond. viz. the
refunSi nnpsshyo Missouri Pacific first and
.,hsn.k > per cent bond The companv
; IN asy went into receivershin and
to t tax" ths . ros my bonds required
stock. and understand thai thi .u na,
nas more than earned ali dividends on p ~
pius of stock hos, and now has profit sur
DC. ror reasons best known 10 tho. VIZ ~
s son,'os 49,, After waiting all these years and
would YOU 's advi.s aeprseate SO per cent
pr % eds purchase something that viii
s paS some 10. Kind Of return. and II SO What
sixty shsres and lik to p ,pe own
them the less they will be worth@F n ~" n
Answer-Your experience with Ms; e.
souri, Pacific securities has not been
OF character to enable YOU TO view
the present situation without bias. If
you Will look closely into the 1921
statement you will see that the road
earned only 2.18 per cent on it's pre-
1erred stock. and by following recent
earnings statements you will find that
me me income for the first four months of
funded fund was Soh not up 4s to the interest on
enese statements for a belief that the
company can resume dividends on the
- oAIhoukH Lnc price OF
the stock reflects the widespread he
lief in Wall Street that something will
pc done soon to reward stockholders
Tor their patience. Missouri Pacific
preferred is selling only five points
lower than Kansas City Southern
preferred and eight points below
baltimore e. Ohio preferred, both
of which are receiving per
cent dividend. Missouri Pacific
has corporate surplus in excess
OF s34,ooo,o0o, but you cannot infer
from from: this that the company is in a po-
sitlon 70 pay cash dividend. Current
assets on December 81, 1921. exceeded
current liabilities by only. SILL, 900.
We do not share your opinion that no
dividends will ever be paid. The com
pany will undoubtedly pay dividends
when it is able to do so, but the future
OF railroads is not sufficiently clear to
justify the payment of dividends that
are not earned
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1922-07-15
London Market Steady

LONDON, July 14.-Trading was
quiet and prices were steady on the
Stock Exchange to-day. Bar gold was
quoted at 92s 3D. Money was loaned at
1M per cent. Discount rates were:
Short bills, l 1916 per cent; three
months bills, rs per cent. Consois
for money were quoted at 58k, British
S per cent loan at 10ob and British
Az per cent loan at 9bk.
Clnsino, stuck nnntatinns were.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1922-07-15

- -
Bid. Asked
Alt Reduction. 50 SIS
Alb & sus. 1888 200
Allsg West. ..i0oM -
All Am Cable. ia
All Realty .. Il
A c Dye w.los I0s
Anal Sugar. :. eTh
Am Bnk Note s2 20
do pr go. 50 Is
Am Beet s pr T3E 80
A B q & F pr. losk 1881
Am Ch!cle pr 29A IS
Am Coal -. IS
Am Cot OIL pr SO 81
Am Loco pr.ll7& llSt
Am Malt & G IL 8
Am SIN pr A 90 s5
Am Snuff ....l33 l35
do Or go. e2M 100
A Sum T pr ely 65
Am WI pr. 8sh elh
Am Wool pr. lo7A 1903
Ann Arbor :. - II
do pr 49,. AZ
Art Metals. I4M 151
Atlantic Pet. % 231
Atlantic Ref.l0o0 1920
Atlas Pow .lo3 100
do pr 49,. "a
Atlas Tack =. II ISL
Aus Mich pr. So So
Auto Sales Co sA ~
do pr 800. 10 l3
Raid Loco pr.1l0iz lis
Barnet L pr. 81 a75
Bayuk Bros =. 50 60
do pr 100
Beech Creek. =. SO -
Beth Steel pr e5 So
do s pc pr.ll2 l14
p En- S LIST Or 70 rs
Brown sh pr 81 o2i
Brunswick -. 3% =
Buff Il &c P. 81 70
do pr -. 81 "a
BUT &c Sus. So 90
do pr ..... 81
Burns Bs A-130h 1913
do prior pr, ll4A 1lsL
do pr 80. 90 90
Bush Term. =. leo
do pr 49,. e3A rs
Cal e. Ariz. go 81
Can Southern. So IS
Carson Hin .. l0h III
Case ] ! pr. s2it SIS
Cen RR y J.lSl 1s5
Ccrtin lst pr 30 80
G s = N & o &c II
c C c & s L 75% rs
do pr $50. 30 e6
CT & Pitts. 40 50
Cluett Peab. D.. 5+'a 55i.
Col & So. :. 4GA 4sL
fio lst pr. 60& CO
do ID pr SIS s.
Con Cigar =. 80 IS
do pr 49,. 8S IS
Con Dist -. Il Z
Cont Can pr. 1929 il2
Cont Tps Co. 80 BIZ
Crex Carpet. :. 25 80
Deere Co pr. fs -
bet Edison. ..l05A log
bet II & Sw. 81
bet Mack E. 40
90 pr :. 40
bet lin HR.. II
Diamond NJ. los ioS
D 8 s & A. Az AZ
do pr go. Sh 91
Durham Hos. 81
do pr $50. SIS sol
Fast Kod pr. 1864 -
Elkhorn Coal. 2oh 2lS
do pr ..... 81 u 40
Em Brant =. ~ 0
Endi John pr.lll l13
Erie & PITTS. 52Is -
Fam Play pr. 90 e3s
Fed NJ & S. 1915 IL
Fisher Body. .l12 .1lst
do pr IN ia
CASTOR WINS. 4 2
Cen Am Tank 81 81
Gcn Cigar pr lot l9T
do pr deb. I0l loa
Gen Baking. .1l6 i25
Gen Flee 1924 1905
Gen Mot pr. 81 81
Cill.lsrd o pr so Is
Goodrich pr. E. STA Sss
Gray Davis. E. IS III
G'ian Sugar. III u
Gulf VI & y IL IL,
Irsh.rshaw El. IL "a
Hack Wat =. 1s
do TT e. % -
Hrlme G w. .la5
do ~ .i07 -
I1endsc Mfg =. 2iA 23s
III Central ] ] 50 72
do pr " 1. 1924 ITO
Indian n 80. : 81
do pr -. 651i -
Int r T " : 20 29i
Int Agri Pr. ssh 40
Int Hsr pr. .lls :
Int Paper pr s5 mo
do pr stpd. $50 10
| Int Salt -. s5 50
. Iowa Central. 3 II
Iron Prod =. a. 34l
Jewel Tea pr &c 10
Jol e. East. a51a s6'
KCFS&M p... 81 67i
yr~Nr.. g. 49, C1 Gf
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1922-07-15

serday:
.L.w Bid. Asked.
io,,,, - ID pr.ioT,z 100
,,S sFd Or. los Iis
-'@ A. Cos. 100 Ioi
Mac T I'd pr Is =
man Coal $40 ~
;i,aiisnson Pr. 30 o.
Manaii Sugar IS az
sian shirt pr.loo II9h
mar 1T Ry.. sh TX
90 pr 49,. 30 "a
do I'd pr. II ~
Max Mot ct. i
do LIST DR. ct 5
do I'd pr Ct /
May De st pr.losX lls
Mex Pet pr. % es
Mich Central. 2lo 225
MsP& S s NJ 81 CO
do pr ..... 81 81
do sd lines. 81 67
N X & T DIT 10 is
Mont Power. 10 7iH
do pr .....l0e los
Morris & Es. ~ 70
Mullins Body. 254 2TX
do pr 49,. 80 81
Nash C Chat.l0e 100
Nat Acme =. 10 isk
Nat Bis pr. .l24 l25
Nat CT & s. ~ AZ
do pr $50. IS 90
Nat Lead pr.lil ll3
MR. VI Ist pr 10 II
NYC&SL LIST. 81 90
do Cd pr. so SO
n Y Dock. =. SO 30
DO pr $50. So SO
n Y Hem. 100 los
y 7 L & w e5 I23
y Y shipbldg. Tx 20
n Fa prior pr.Io4
Sorf & West. los Ito
do pr 500. rs 50
Nor Cent -. Il
No Scot ST.. 81 SIN
Ohio Fuel e. 50 So
orph Gre Or. - 80
Otis Eleva LIB 40
do pr LOO
Otis Steel pr Tl1s ~
Owens Bot pr.l0o l04
Pacific Coast. D.. l215 ls
do LIST Pr. IS As
do I'd pr. i6 30
Pac Tel & T co Go
Pan P & r. II 8
do pr -. 65 10
Par 6e Bing-. l2 l2A
Penney J c pr 81
Peoria C E. 221. 23lz
Pere NJ pri pr 76G IS
Pet; Multi. =. 81
do pr 49,. 1l5
ph.ia Co -. 80 3sk
Phil Jones :. 50 81 4
do pr ..... 81 SO
Pierce Ar pr. 36h 81
Pitts Coal pr. e5 81 z
P II w & C.l2l
do pr .....l3T
Pitts Steel pr. s5 81
P & " Va pr ssh s9H
Postum Ger. TN 1874
do pr .....lo7h 1854
Pr S. Car pr % 100
Rys Sec -. SO SO
Ry Steel Spr. 100 l0l
DO pr .....ll0 lloA
Reading ID pr SO 50
Refs & CO.. l7ss 1854
do lst pr. 65 10
Rem T LIST pr q
do I'd pr. So 81
2ens & Sar ll7a -
Reyn Tob -. 65 80
do pr .... ll3 lis
Rutland P pr ~ 80
=. jos Lead. l4l IS
6 l. &, S F pr 40 80
is L Sw pr. 48 Al
san Gee sus. AZ AZ
! Saxon Moor. 31s 1 .
Sears Roe pr. lo3is los
Shat Ariz -. 10 l0A
SIS s & l.. AN II
do pr ..... "a fek
8 p r Sugar 40 81
do pr -. 81 s215
Spicer NJ Pc. So 81
Standard Afia.il5 lis
do rr 49,. 90 SO
Steel Tuba Pr so 81
Stern y s pr. 9S l0lk
Strom Carb... IS II
studcbsker pr.i16 lis
Sup Steel :. S2x 34a
do pr 49,. SAY -
Tidswater oil.l24 1913
Tob Prod pr. 100 lo1
TSIl&W pr CT IS 40
IT c r r pr. IS
! Underwood T. 1876 l53
do pr 49,. l20
i'm Bag s. P. 81 ca
Tn Tank -. e7h %
do pr .....l06is loT
Tn C'rar st. leo les
do DIT lin ia
liz Drug Is. pr ASS ~
IUn Ry Unrest. ~ ls%
do pr 49,. 2sh 20
IrSrp& 2 pr SIS 6S
lU S I Al rr. % 95
It's Rub pr. losM io7N
III S G 4 II pr sen Az
III s Tob -. so 1874
do p- .....loeh losA
V Rsal ist pr "a e5
va Car en- pr esq 81
Va ! c & c AZ 50
do pr $50. ~ "a
Va u * p pr. ~
Wabash pr d 2l q
Wells Fargo. IS 70
West'se n pr. 20 12
whit z OIL. 25Es 2Th
Wilson Co p.. ~ 90
Wis, Cen,rai. 2sM 50
lWoolWorth pr. 40 III
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1922-07-15
Bid and Asked

foucwing arc the closing hid ara
asked quotations Of stocks listed an Az
stock Exchange in which there We
no transactions yesterday: ""
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1922-07-15

Bank Clearings-Iaank clearings at
New York yesterday were: Exchanges,
sl2l'o0o,oOO; balances, $83,30o,O00.
Silver-London, 35a4d; New York,
domestic bar, s95scs foreign, 7oasc;
Mexican dollars, 53M,c.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1922-07-15
Cannot Afford to Lose

Question: am one OF your readers and
saw that you kindly advice your clients in
i ,nve, nsi therefore. 1 would be very
~ i!ucn oD.lsed TO you II you would tell me
II you think EASTMAN Kodak common
stock is good. safe investment. I paid
s675 for each share May IS Would YOU
advise u, selling MT them now or holding them
much. only heard about your kind adj
vice offer few days ago.-Mme. B. d II.
Answer-Eastman Kodak common
stock is just as good now as it was
when you bought it. The fact That it
has reacted few points does not nee
essarily mean that you erred in pur-
chasing it. Every recovering movement
IN the stock market is punctuated with
minor reactions and this market is no
exception. Eastman Kodak ranks we'll
among common stocks and is suitable
for you if you can assume the risk
that goes with such securities. How
ever, if you arc going to take fright
every time the market reacts few
points we advise you to sell Eastman
Kodak and any other stocks you own.
BY doing SO you will avoid a great
deal of nerve strain.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1922-07-15
Money and Credit

Cal money yesterday worked down
b3s per cent on the stock Exchange,
md this figure was shaded in transac-
ions arranged outside of the board
The opening and renewal rate was
fixed at 8 per. cent, hut the competi-
ton Of banks to put cut surplus funds
over the week end quickly forced a
decline Time money was in only
Hight demand, rates Remaining fairly
stm, despite more liberal offerings.
Bidders are reluctant ito nay the going
rates because of the feeling that
money will continue plentiful for the
next few weeks and : that cheaper ac-
comm odations will shortly be available.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1922-07-15
ock QUOTATIONS. were:
The Dollar in Foreign Exchange

CONTINUED from First Column,
JAPAN tpar 1913 cents B. yen)
Demand ..AT.8TM 4f.s7A $500
Gables ......s. .4s.131k 4s.iah 1875
INDIA fpar 1855 cents rnpee)
Demand s9.oo ss.es ss.ss
Cables ....a....29 1925 1850 $3.50
STRAITS SETTLEMENTS tpar 56.s cents
doltar)
Demand .......5i.25 5I,2s 43.so
Cables .....,.. $3.50 $50 42.7s
THE AMERICAS
ARGENTINA tpar 42.44 cents paper
peso1
Demand ... 1915 $3.50 2fs7M
Cables $3.50 $3.50 2225
BRAZIL .tpar s2.4s cents a paper miire.s,
Demand ...s...13.65 1885 1880
Gables 80: 1870 1870 1869
PERU epar &4.S6 a pound
Checks ...... 400 400 36e
ECUADOR tpar 1850 cents a sucrel
Checks ........27.47 27,4T SIS
CHILE fpnr 365 cents pesoe
Checks ....l2.75 1875 1925
URUGUAY (par t03.42 cents a peso)
Checks 90 1925 sl.Ts
VENEZUELA (par AGA cents a bolivar)
Checks ........ls.Gs 1888 1854
Canadian Excnange--New York funds In
Montreal, ] IN per cent premium; Montreal
funds in New York. l per cent discount.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1922-07-15

Four full columns Of in
resfment questions and arr
Steers tciIl be published in
The Tribune erery Sunday
and Monday. On other days
one full column soilI appear.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1922-07-15
marlborough Possibilities

Question--Kindly advice me what you
think of the marlborough Consolidated
common. now selling at ~. What posi-
bilities does this stock have? Would you
Pacific convertible Ga of 1919 as good
railroad bond I'll. l.. G.
Answer--We see nothing in Inter
borough Consolidated common stock to
warrant your keeping capital tied up
in 1t. Robert Gair per cent bonds
They are callable on any interest date,
but at price considerably above the
current market. The Missouri Pacific
SIS, 1949, are also good investment.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1922-07-15

Copyright. 1922 New York Tribune Inc,
STOCKS
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1922-07-15
Has Sound Investments

Question: want to buy about three moro
bonds. Want safety OF principal first in
won't need watching all the time. Thought
OF these: Detroit Edison per cent first
sec. B. 1910 refunding OF debenture due
March, -: st. Louls-San Francisco prior
lien 4. series A; St. Louis San Francisco
Terminal per cent. 1852; Colorado s.
Southern refunding and extension An
1885, or some other bond below par.
Please check over the following list that
my father bought years ago: Passaic
Water. 1891 per cent. and Edison Elec-
tric Ill. gen. per cent ls25.-Miss NJ.
S. B..
Answer-You have suggested bonds
for investment that are sound and
the selection of any or all will give you
the protection you need, in our opinion.
The public utility bonds purchased by
your father are evidence that his judg-
ment as to investment matters was
good, as both issues are first grade.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1922-07-15
prismatone stock speculatiye


Question--About a year and half ago
I purchased two shares of Prsmatone
Company, Seventh Avenue. New York City.
par value 800 each. Since the purcha Sc
of these shares I have heard absolutely
nothing from the above company and
would appreciate any information that you
can give me about same. / DESTROYS
Of disposing OF my shares. but find that
neither the company nor any broker cares
to take them. I aiso have two shares of
common stock which have no par value
from all appearances Just as valuable as
the preferred Stocks. p.
Answer-The Prismatone Company is
engaged in producing photographic
work by press process on which it
holds certain patents. AS any work of
this nature requires considerable time
for development, up to the present no
return has been made to stockholders
and the stocks, therefore, are highly
speculative. The president informs US
the company is selling stock direct,
employing no stock statesmen, and that
the outlook is encouraging. The pre-
ferred stock Of this company is pre-
ferred as to assets and dividends.
Whether you should continue to hold
the stocks. of course. is personal
question which you alone can answer.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1922-07-15
transactions Yesterday in Listed Stocks
summary of Stock Exchange neaI;n =.
STOCKS

-Ve'psFiEht 1929 New York Tribune Inc, .
The New York herald., 1922-06-02
UNTERMYER PROPOSAL
TO QUIT is REJECTED
Nevton Says Duty to Continue
Prosecutions Is Clear.

Special Dispatch to THE New YORK HERALD
ALBANY, June 1.-Attorney-Gepera
Charles d. Newton to-day. replied to
Samuel Untermyers suggestion that in
view Of the imposing of fine rather
than prison sentence on John I. Het-
trick. the building trust cases might
just as we'll be abandoned In a letter
to Mr.. Untermyer. he said:
II have been brough. up in a little
different school than most lawyers and
have been inclined to the opi.ion all my.
life that when prosecuting officer sue
ceeded in getting conviction in any
criminal case that he had performed his
full duty, except upon request from the
court for information in each particular
case as to the facts and circumstances
surrounding the past life of any given
defendant. and that he should take no
part in imposing his views lpon the
court as to the extent Of the punish
ment; that being matter for the
conscience of the court alone.
y Whether your viewpoint Is the III
one or not seems to me to have little
bearing upon your suggestion that we
now abandon the trial of the other cases
and further prosecutions. 1t Is my
great mass OF people who suffer directly
and indirectly from the illegal acts of
these various defendants and that the
fact that we may be disappointed n the
sentences imposed in individual cases
would not justify conclusion IN our
part that our duty had been fully per-
formed