davidaulloa/AmericanStories huggingface dataset:
New-York tribune., 1922-05-21
His Gift Stock Profitable

Questien--Nay trouble you for 1it,le
anforrnAtson? 1t brings u cxse where I
the stock game. Some ting ago received
5000 shares as xift. which have nov
turned out 70 be as good as gold, and in
case wanted TO sell ea1ne how do go
about the matter OF sItl1nge In tli1s
case don't even know II the bankers buy
ths1n or win sell them for you. OF go to
stockbroker and how to 30 about IT. Now,
what want 70 know is how TO 30 abont
it-who TO 90 to, the company. II Is
mining stock sAares have. and was given
- me ~ gift ia return for a favor. But
In this Hne am n Joss how to carry
on business. ! was tpid To hold on 10 1t
3ia1 It reached a high point Df IS or $40
share and then ] should sell. Well. the
buyer 10 what ] want to hnd, and who
handles the goods. Kindly let me hear
from you giving rne full dstails-H. L. K.
Answer-We are glad to know that
a mining stock you rec.ived as gift
has turned out @as good az gold" We
know OF = great many mining (and
ntler) stocks for which their owners
paid perfectly good money that are no
more valuable than 30 much sernp pa
per- However, to determine whether
there Is q market for your gift ws
would hsvs to know the name Of the
o$odS,
New-York tribune., 1922-05-21
Investment for SIS. 600

Question: have scs, 900 to iny>st VIII
YOU kindly tell me what you would con-
sider the best bonds Or stock to invest in :?
Have read with great ;nterest your Invest
naent Information and would appreciate
very much your advice.--K NJ. p.
Answer-We could approach your
problem with great deal more conf
dence Of selecting the proper securities
II we knew something of your circuYn-
stances. 1t would be interesting to
know, or instances, whether this ,nd
constitutes your entire fortune, and if
SO, whether you are dependent ON the
income TOR your livelihood. In the ab-
sence Of any definite information we
will take It for granted that there is no
other source of income. These are our
sugges tions: Two general Electric S.,
1910, yielding about b1a per cent;
three Montana Power 5s. 1913, yielding
about 5.3 per cent; three Virgins
Railway bs. 1862, yielding about SO
per cent; two Canadian Northern 61aa,
1e46, yielding about SO per cent; two
New York Telephone IS, 1s49, yielding
about 5.5 per cent; three United States
Rubber 5s, 1947, yielding about 5.s per
cent; three Pere Marquette Is, 1856,
yielding about 51z per cent; three
Province Of Manitoba 6s, 1916. yielding
about 6.S per cent, and twenty shares
American Telephone and Telegraph
stock. paying per cent dividend and
giving return Of about "a per cent at
the current market price. The price
OF these bonds and stock would be ap-
proxinately $2b, 500 at recent market
prices. If you wish to keep your I'M
vestment within $4,000 buy only If
teen shares Of American Telephone and
Telegraph stock.
New-York tribune., 1922-05-21
Bank Of America
Atlantic National
Deal Is Reported
Executive of the Former
Declares That No Con.
tract for a M Mcrge
Has Yet Been Signed

Negotiations were reported yester-.
day to be under way for a merger of
the Bank of America, at AZ Wall Street,
and the Atlantic National Bank, of 257
Broadway. Ocials Of both institu-
tions declined to discuss the present
status Of the deal, but an executive of
the Bank Of America went SO far as
to say that "no contract had yet been
signed"
From other sources, however, it was
learned that the Atlantic National had
been approached with the view to its
absorption by the Bank of America,
which is one of the oldest banks of the
country, having ben established in
1872. The fart that the tendency in
the banking world is toward the con-
solidaton Of resources led the financial
district to credit the latest move in
that direction.
The Bank of the America. which is
the larger institution. is capitalized at
$780, 900. has deposits in excess of
$54 ,OOO 900 and has surplus and undl-
vided profits amounting to $5,S55,000.
1t is Il state bank and in the event OF
consumation of the two institutions
the combined bank would operate un-
der state charter. This was what
happened when the Liberty National
Bank was absorbed by the New York
Trust Company.
The Atlantic National Bank has a
canital of $1,0OO,O0O and surplus and
undivided profits of s1,113.400. ts
gross depogits amount to approximate
ly S15,4O0, 900, so that the two institu-
tions have combined deposits of nearly
$40, 100000.
New-York tribune., 1922-05-21
Holds BROOKLYN City Stock

OBSERVATION-DISCLOSURES my own inclina tions,
but actins under advice of nry broker, ]
held on to .00n shares OF Brooklyn City
Eailroad Company stock. with the result
that have lost in 'diVjdeuds and also on
the-Snarket value OF this stock Brooklyn
City Railroad stock is NOW being sold on
the curb daily, but cannot tell whether
.tnsiders" are sailing out or buying up
this stock. Kindly advise me whether TO
sell at The market TO hold on. Stock
cost ms SIS q shnre, par value Sl0.--
Mrs. s e. 6.
Answc1-Thc sale of Brooklyn City
Railroad stock that has been held
through The most difficult stage of
the traction readjustment is not logi-
cal step TO take ut this time. Tho
worst is over. Disregard what the
"insiders" arc doing aud hold your
stock. You huve not one chance in a
thousand of determining accurately
what the "insiders' arc doing, so why
worry about it? We think also that
after the present difficulty is ended
and the stock has returned somewhere
near your original purchasing price,
YOU should think seriously about dis
tributing your investment over a num-
Der OF different issues, diversifying
your h holdings SO that amy recurrence
of a situation such as that through
which the traction companies have
been passing during the past few years
will not cut off your income from this
fund cntirely..
New-York tribune., 1922-05-21
Seeks Iuc1eaaed Return

Qnestion-wiu you kindly give no your
Snpiinion npin Of the to1lowtng sscnrties y Which
Liberty bonds, 4As;, 81. 300 City Of Herne
French ss ssoae pssas Rars
crn Ratlwsy rs, ten 1,oop-franc French
Mddi 1 Railroad IS. 10 shares Chicago. Rock
We're bought at or below par. 50 all except
the Liberty bonds have Increased In mar
ss kst son xaiue since purchase; Besides have
hanks ana $1,000 10 Kingdom of Belgium
TO invest $1,000 OF the Eum now IN ruavings
hanks and to rrinsext after June the sum
! Snail receive from the Belgian 7h bona.
upon tho inconle from these i1rve estrnenta
which represent my savings. wish TO
keep c the h current sn return as hish rs safely
or another Belgian IA. Chesapeake &: Ohio
eonvert,bls ss-oscsuae Of conversion priv
ueEe-Ioutch East Indies 6s. or some public
utility bond. OF which have ncne.-B. Fl.
Answer-Rather than have you reach
too high for current income we would
suggest that if any of your Liberty
bonds are of the third Joan, maturing
1928, you dispose Of at least part Of
them. With the proceeds and your
other investment capital you could pur-
chase more conseraatively without re-
ducing the average return. We do not
think you should add further to your
holdings Of foreign bonds. Chesapeake
g. Ohio stock will have to advance ap-
proximately fifteen points before the
conversion privilege of the per cent
bonds attains any value. We think you
might consider Adirondack Power and
Light ss, 1855. yielding about s per
cent; Chicago Union Station 6hs, 1853,
returning currently about 81 per cent,
and Philadelphia Company first and re-
funding So. 1914, returning about 81
p<r cert currept3S.
New-York tribune., 1922-05-21
Points 10 Be Watched

Queston-Please advise me what chances
J., ought TO make in the following invest
l3 Edison Cs Toledo Edison rs / Standard
Cil of Calilo.niR 7e. New Orleans, Texas
O. q Mexico 6s > Westinghouse Electric 7s, 2
Western Electric IT, Dominion of Can
ada Is.--I1. c. J.
Answer-Wc have not mentioned
any of the individual factors that must
be taken into consideration in passing
comment Oh an investment. and we
must therefore qualify our statements
on the only security about which there
might be any question. namely, the
New Orleans, Texas & Mexico income
5s., The interest on this bond is paid
only it earned, and interest is not
cumulative. The omission of one pay
ment would be definite and irrctricva
Bile loss of income. However, this road
is earning its interest by a comfortable e
margin at the present time, and we
consider the bond Suitable for any one
who can afford to take the risk of this
condition changing for the worse in
future years. The rest of your bonds
are of good grade. We shall have to
ccnhne our comments to the element of
permarency of investment in these
due three years hence and can be
called at any time. You have an option
to convert $1,000 bond into ten
shares Of per cent cumulative pre-
ferred stock, hut there is nothing to
be gained by making this conversion at
the present time. If the company
should call in the issue you would
have at least twenty days to make up
your mind whether to convert it into
stock. The Toledo Edison Is, Brook
lyn Edison 9s and Standard Oil Of Cali
fornia Is are cal1able at any time.
New-York tribune., 1922-05-21
Autos Use 80 Per Cent
Of Glass Made in u. S.
Motor Trades Also Take % 90
OF Aluminium and To-
Of Copper

irirty rer cent Of this country's pro-
oucuon Of plate glass, 20 per cent of
sne ,in' - per cent of the aluminium
sno 10 per cent of the copper is used
IA lhH manufacture Of motor ears and
'1Wks. according to statistics Just
Clp SCgnplIed by the National Automobile
!, ui IRON and steel the automotive in
asat aus.fles use 1,464,o00 tons, or 4 per
zen. S 81 the annual production. The in
austry uses 43.25O,6oo pounds of alum
81 aun; nos o9o or p Per cent of the production;
oo,a-o'eoo eon. pounds of copper, or 16 per
tia esh' OF the productions; 1880 tons OF
ss, : a.o or 20 per cent of the production;
ps"s 10Y tons Of lead. or II per cent of the
ss1rp1aseae,ion; s11sa ado 3,a0o,o0o pounds of nickel,
iI,,!ooo,ooo i.,.o square feet Of upholstering
.Ith leather, 5,S57 600 yards Of upholstering
.ioIh, ss,4OO,o00 square feet of inita-
,ien ,s NJ leather 313 800, 900 feet of lumber,
eoa eeSooV,ooo square feet Of glass, $780,
.ou yards OF top and side curtain ma
nsdl:, ,stdllaas, 100000 pounds of hair and
and yarnish, pt'
New-York tribune., 1922-05-21
Chilean Cedulas Speculative

81, Suestion-As el1 u reader of your papsr,
SmuuIu IKE Your opinion regarding the
I,niiean s,n,isl Cedulaa Mortgage. Bank per cent
ss,nning sn tund bonds. ] have a circular
,rpin t nichols g. Stone, 60 Broadway. n. /,
"hlch reads weiL-D. J. 8.
Answer-Chilean cedulas are suit-
able only for a. person willing to as
sumo the risks involved. which include
foreign exchange fluctuations. They
are issued in Chilean currency and
may be purchased in this country at
anout par of exchange. That is, a
l,o00-peso bond would cost from s11O
TO $l2O, depending on the rate of ex-
change on Chile at the time of pur-
chase. They lack marke liability TO a
certain extent iu that they are not
listed on an exchange in this country
aud the market in them is compara-
lively inactive. In other wards. al
though they arc virtually an obliga ton
Of the Chilean government, they con-
tain too. many elements of speculation
to be classed rs a good investment.
New-York tribune., 1922-05-21
Wants Grade A at 6 Per Cent

Quest lon--1 now have several bonds
bearing high interest rates. which ] would
not clsss as Grade A inveBtr1ents Is II
poesioie to secure par cent irtcrest TN
!dr"de a bonds urder ,oreseut conditions :?
wish bonds which arc not callabe for at
least twelve to fifteen years. Ii I; is pos
slbie 70 SECURE this rate OF Interest will
you give me list OF bonds? II not list OF
bonhs that come rs near to this interes.
rehe as poSsible.--C. II. r.
Answer-By "Grade AZ VIC suppose
You mean the class Of bonds commonly
styled gilt edge" now selling to yield
per cent or less. We consider the
following bonds sound and suitable for
conservative inve stn1ent. Bush Terlni-
nal Buildings SIS, 1860, yielding about
s6 per cent; Kansas City Southern re-
funding 5s. 1850, yielding 5.9 per cent;
Canadian Northern 61as, 1946, yielding
about sc per cent; Swedish Govern
ment 6s, 1899; yielding about 81 per
ceut.
New-York tribune., 1922-05-21
Permanercy Of Investment

bonds
6s. due 1seo; one 81 oDo "Chicago Union
Station STAG. Series {, 1855 one s., 900
road eonsolsda4sd Is. ssries sN' a. 1888; a ono
ssoo .Nerthwestsrn B~ll Telephone ft1xt Is.
and Power first Is. 1919: ONE $500 Province
q Alberta ten-Sssr Per cent, 1925: seven
ssS ssSS ssrs5 tsnas ssu' ons sSo ss
California Edison Company ss. series 1919
1874; one 500 Nsvs ida -Califnrnia Electric
uc sepce es s ops
City Of Marseillss Gs. 1884. tThose starred
! purchased from ~ 1rsaainx your suggestions
years ! shali BE- depnndent upon my in IN
come for my living. soon Shall have
some more money TO trvest. First. should
wis41 to invest nag future money in high
grade, long-term usSo or beyond) non
yanx onas c.nt m e4F betcr =. hst
(! &. tsar s. sn''0' bonds "0u' you suggest =
Answer-Your Investments are all
we'll chosen, and we will thensfore
confne our suggestions to the twp
bonds which we think should be cor
rected as to the permanency Of invest
ment. An exchange Of the Province
wplld be in line with your program.
The Northwestern Bell Telephone Is
are callable at any time at 3 price
closely approximating the present mar
ket price. We think it would be ad
visable for you to take the present
as an opportunity for exchanging this
bond for one that cannot be called
In doing 30 you Will have to sacrifice
either little income or some measure
Of security. You cannot afford to do
the latter, and we therefore suggest
IS substitute Detroit Edison 6s. 1910
yielding about 6 per cent. Answering
your second question, we propose as
suitah1e bnnds: Illinois Central Chi
cage. st. Louis 4 New Orleans 5s,
1868, yielding about 81 per cent; !;
Pennsylvania Railroad general SIS. 1865,
yielding about SOB per cent; Louis
willie & Nashville first and rsfunding
53as, 20n3. yielding about 5.3 per cent,
and Commercial Gable first 4s, 2397,
yielding about b.A per cent.
New-York tribune., 1922-05-21
Standard Oil Stocks

Question: am The owner OF common
stock in The following companies: Forty
1--WE shares Standard OH Of New York
sixty shares Standard OH OF Indiana. nifty
shares Standard Oil OF California. Have
BEEN told thnt the man that makes money
IN Standard Oil stocks is the man who
stays with them. When they cut extra
dividends ii nleaps quite, seood deal
What do YOU think? VIII thank you for
RdVice.---W. r. w.
Answer--Thc history Of the Stand
ard Oil companies bears testimony to
the truth of the statement you have
quoted, namely that the pan who
makes money in Standard Oil stocks is
the man who stays with them. AT
present market prices and rates OF
dividends tho stocks which YOU hold
give return smaller than that of gilt
edged railroad, government md nu-
nicipal bonds. ii you can afford to
carry along an investment OF this kind
history says you will make money.
New-York tribune., 1922-05-21
Should Wstch Margin Account

Question enjoy en- income of $4,000
mb,sb year from from trust fund the principal Of
death Have two children, for whom I
~ nave taken out. at & yearly premium Of
s2'5Ss sS. Which ~ J regard @ as q fixed charse.
100000. Having previously always lived
Up onn 70 my income, ! am able to save. about
reT.v from m my ,S income this year having
amount. Have purchased Great Horti-
ern e1ss. Detroit. Terminal nd Tun-
Company, 10 shares Universal Leaf To
baefo preferred. 20 shares General Motors
common common. Wy With f the abeve as security an,
Coca Cola. I 1ntend to buy these shares
in BIZ degr ees. and also eventually TO own
in q similar manner 10 shares Universal
selling about $50. Later shall start a
new list Do you approve OF my plan ana
My dealings are with an old~estat1 ed
stock Exchange 1ir1n.--C e. G.,
Answer-What you are doing is pur-
chasing stocks on margin, a1th ough in
your case the marginat operation is for
investment rather than a speculative
trading profit. However, even when
the motive is conservative, it is neces-
sary that the selection Of securities
carried on margin be done with great
care Both of the stocks you are car
rying have in them a speculative ele-
meht ana are sensitive TO factors m
fluencing reactions in the market IN
general. One of the saving features
of your position is that the Buckeye
Pipe Line and Coca-Cola stocks were
bought At materially lower prices. and
any reaction that might endanger your
position would have to be substantial
one. This system Of accommodating in
veat1nents is good one if you can
keep your original purpose IN mind
and avoid the temptation Of Weakening
your margin of safety by acquiring
more stocks without increasing col.
lateral.
New-York tribune., 1922-05-21
Foreign Trade Talks
Al Credit Convention
Klein TO Be One of Principal
Speakers at Meeting at
IndiananOlis
INDIANAPOLIS, May 2O.-Foreig

INDIANAPOLIS, May 20.-Torelgn
trade relations and foreign credits will
be discussed by DR.. Julius Klsin, dl-
rector Of the Bureau of Foreign and
Domestic Commerce, at the convention
of the National Association of Credit
Men which will be held here juno e
TO g.
Foreign trade and credit day at the
convention will be june z. at which
timeL. r. Brown, credit manager OF
the international Western Electric
Company. of New York City: B. B.
T1egoe, manager of the foreign credits
bureau of the National Association Of
Credit Men, and Fl. +. Beebe, credit
manager of the Winchester Repeating
Arms Company, will also speak ON for-
Nearly three Thousand delegates to
the convention, from all parts OF the
United States, from Canada, Great
Britain and several European ana
South American countries are expected.
New-York tribune., 1922-05-21
Inquiries Should Be Signed

Inquiries addressed to this depart
ment OF The Tribune are regarded as
confidential, but to- show the writer's
good faith all should be signed and
an address should be inclosed for
reply. Letters from the following are
being held for identification: W. j.,
(Martinsburg, w. Vo.),
L. f., E. F. f., G. F. K, j. 0, c.,
w. j. F., * Y. e." NJ. L., S. S.,
N. ". B., F. r. H., H. L: M, Miss
L. W., A. P.sJ.. G. A. j. /. W., r. D. s.,
M. T.. J. S, c., w. S. R., Anonymous, )"
S. A.. L. +. E., j. B., E. G., D. g.. J. S.,
Mrs. j. u. e., x. NJ. L., Mabel A. K,
F. v. S., NJ. A. B. S., r. e.. A. r. F.,
q. r. w; L. v, r. Pr NJ. E. W. and
II. ",
New-York tribune., 1922-05-21
q. S. Interest in Belgian Linens

American demand for Belgian haid-
kcrchiefs and table linens appears to
have been favorably affected recently
by uncertain political conditions in Ire
land, according to large dealer u,
Charleroi. However, American demand
usually originates through London.
Paris and Belfast, which means that
Flemish linen mills have not obtained
the full benefit of American demand,
saws Acting Commercial Attache Gross.
Brussels, in report to the Department
of Commerce. ~
New-York tribune., 1922-05-21
Suitable for Business Man

Question: an enclosing tina new issue
Of ti,> Empire Gas and Fuel Company IA
per cent gold bonds and i win certainly
advise rne what ypu think OF these, bonds
a. an investment ?-J. L.
Answer-We consider Empire Gas
and Fuel Company 7hs suitable for
an invester in position to keep posted
on developments in the company's
a0aixa.
New-York tribune., 1922-05-21
Cloth Measuring Device

A paper tape measure is being rolled
into German bolts Of cloth arriving at
Montevideo. This innovation permits
the statesmen telling at glance the
thus economizing time and labor and
preserving the cloth in better condi-
tion than when formerly unrolled and
re-rolled as required in the usnal meth
ods Of nsasuring. Tbs taps il abput
one-half An inch Ia width ana marked
New-York tribune., 1922-05-21
Exports of Cotton Hose Increase

In March 37b,668 dozen pairs Of cot
ton hosiery, valued at ss16,oA7, were
shipped abroad, according to figures
compiled by the textile division OF the
Department Of Commerce. This guam
tity was considerably mons than double
that exported in March year ago, and
represented an increase Of more than
one half over the January Or February
exports of this year.
New-York tribune., 1922-05-21

E~est'oas Of general fatersst 70 IN
,,s. ' dsM De answered in tkts coll
I1ma, " 1Afch cose only irisiais ,r;il
oe. Others wiu BE an,wsrsd bv
"ou. Addysss all inoxi,sss. tnn,os.
srg Q stamped. oddressed snrc,one :,
financial Editor. The Tyibrns ,xs
"@SSss Street, NeU York Cis~.
New-York tribune., 1922-05-21
Jewellers to Hold Dinner

s'The Correct STAMPING Of Merchan-
disc Made in the Industry and the Use
OF Trade Names will be up for discus
sion at the first informal trade dinner
for 1922 Of the National Jewelsr' Board
of Trade at the Hotel Astor on May
I'd at $3.50 p. IN. "A feature Of the din
ner will be question box. The an
swsrs will be offered by the counsel Of
the Boar dof Trade on questions bear
ing on the; national and state stamping
laws now in force.
New-York tribune., 1922-05-21
Activity in Chinese Cottons

Commercial Attache Arnold, PeklnR,
reports to the Department. Of Com
merce that considerable activity has
recently been noticeable in the Shang-
hal cotton goods market, large dis
posals entering the interior where
stocks are reported to be very low. Pro-
-vided internal political conditions do
not interfere, demand should increase.
New-York tribune., 1922-05-21
Fayors Northern Pacific 4tss

>, question: am considering buying soue
Northern Pacific refundins and Improve
,nent ANS OF 2647 which believe are sell
ins around IS. Now. hav. seen some un-
favorable remarks regarding the dividend
prospects. and I am wondering what 1h.
security ~ behind this bond i would Nke
70 Know II you consider jtchesp ct THE
tsue Please compare il With bond of
siInilar security and TEN me II you think
~ suited for e young business man The
hstory of the Northern Pscihc sesr,s to hc
iai of ftnaoc:ai troubles aud am wonder
ms II they are still in hot wa:er.--A. T. f.
Answer-Northern Pacific refund;ng
and improvement AIS are selling en-
approximately the same plane with
similarly secured bonds of railroads
enjoying the highest credit rating and
We do not think you need have any
hesitation about investing in them. The
Northern Pacific has experienced some
difficulty in bringing its expenses an
der control, just as a majority Of the
railroads have done. The reduction in
the dividend rate from Z to 5 per cent
was conservative step. designed to
protect the company's financial posi-
tion pending a more emphatic revival
in business.
New-York tribune., 1922-05-21
FINANCIAL MEETINGS
THE HANOVER NATIONAL BANK
0f the City Of Nsw Ysek. s.
Nassau and Pine EtR.

New York. MAY {. aaaas :,
To the Shareholders se
OF the Hanover National Dank
OF the City OF New York:
Notice 10 hereby given that q Special meet
ing gf the shayehplders of this Bank haA.
been called and Will be haad 1t 10 o'csnck
A. NJ, on Tuesday. this sixth day ef June,
1922. at the banking ofnce Of Thu AaauSsI
SaaiaAal EAnk Of thu CRY of New Yevk.
cnrner Of NsSssu and Pine Etrnots, ManAat-
tan, City of New York. 10 vote upen Ihs
following rexolut1on:
Of the Act Of Mey J. lsss fhs Carits StScS
Of this Association be increased IA tAn sam
e 5000 oo0, making tbs total ca1csai
IS 500 600. Ssia fnrreAsa shah 10 1aaao by
a sfock dividend fYnsn thN undivided prOs.s !
q ths EsnS. and to tose rnnn such otAsr
..as.ess ss may r.cret}s b Aseuehs tetere
II rsaAy VI ths Eresa - t,ss~ssv;p. IL !
WILLIAM y. CANE ~ ahns.