davidaulloa/AmericanStories huggingface dataset:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1922-07-10
Worried Over Kennecott Conner

Question: hold New York Telephone
twenty-year per cent bond for $500 and
fifteen shares of Kennecott Copper The
bond does not worry me. The copper
have had for nearly five years and paid
me fair return for time. Should
sell and buy another bond of some issue
like Diamond Match. or what do you
suggest?-H. NJ.
Answer-As you say, you have no
need to worry over the New York Tele
phone bond. AS for the proposition to
exchange Kennecott Copper stock for
an investment security, it may be said
that such move depends on your per-
sonal choice. The copper stock is spec
ulative and has advanced in price, as
the outlook for copper companies has
improved in recent months. Whether
this situation has been fully discounted
in the price of the stock is for you to
decide. If you favor another bond you
might select the Diamond Match Tvs,
1885, provided the fact that the bonds
become callable little more than year
hence is not a drawback. If you pre-
fer a more permanent investment you
might consider Public Service Corpora
ton of New Jersey perpetual 6s.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1922-07-10
Lincoln Motors Stock

Question--wil you advise US on the
present condition of the Lincoln Motor
Company stock? We understand that this
stock can be bought the curb at about
3d. and would like to know If this is
the company controlled by Henry Ford or
the stock of defunct company simply
representing the assets of receivers sales
Any other information that you can give
us will be highly appreciated.--B. y
Answer-The price of Lincoln Motors
Company "a" stock is based on the
hope that Henry Ford will establish a
value for these shares by offering a
stock subscription in the new company
to the holders. of stock of the defunct
organization. Although the motive APP
pears to be entirely altruistic Oh the
part of Mr.. Ford, his former relations
with Lincoln were sufficiently close to
cause some to have faith in some such
plan resulting. We cannot attempt to
predict what value the stock will have.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1922-07-10
leland Oil Securities

Ouestion-would you kindly advise your
opinion in regard to the present Nv, stock
the island OIL and Transportation stocA
held nv me and procured in the Ioiio"ln
manner; have held shares up " ~
number of $50, having been pought a.
showed promise at that time, TWO OF ,t,ie1
wears ago. About a year ago. not hkins
The wsy the stock was acting and TOT Pur-
peeo of some protection, l SOLD Ivy Snaies
and mt the proceeds into United fselall
Candy. Now, what ] would ike 10 Know
is, do you think 1t would De au uasnt
sell the remaining $50 shares at present
nrices or IL it would be as we'll to hoid IL
under the reorganization plans? Also are
thew producing at the present time ana
are their holdings of any value am
also the owner of $500 Island Refining
CORPORATION bonds, whose market value oe-
cljned to a very low figure after TIER
being placed on the market tor ana 1a :. a iS
issued scrip in payment OF their last m
terest due Do you believe they are safe
as to safety Of principal?-M. F. K.
Answer-The Island Oil and Trans
port Corporation is now being operated
BY the receiver and until the protec-
tive committees reach satisfactory
settlement of the companys AFFAIRS 1t
will be impossible to say what the
outlook is for the stockholders. 1t may
be that some kind of reorganization
involving refnancing will be necessary.
What effect this will have on the COM
pany's bond issue is net just clear
under the circumstances. 1t is need
less to add, it seems, that the stock is
highly speculative and that the bonds
contain a large element Of speculation.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1922-07-10
Selecting Bonds for Sale

five ST. 900 bonds of the following list. The
balance l wish to hold for permanent m
vestnent Considering the non-callaple
as we'll as the callable features; and to
obtain the best yield possible, please Sc
lect five in rotation in your opinion that
should SELL Don't overlook profits on rise rise
Electric Is. 1910. cost 1o8; Philadelphnaia
Company first refundng S. 1914, cost vs.;
American Power and Light rs, ISL , GHs'
1041a; Oklahoma Gas and Electric rs
1941 cost 99% 81. Louis-San FRANCISCO "s,
1850 cost 73A st. Louis-San fTanclso99
As. 1850, cost 63% Consolidated Gas ana
Electric Company of Baltimore IS 1851.
cost OH; PennOhio Power ana Li s ~
TINS, 1910. cost 9e: City of C 4p ia41
cost s5ss steel and Tube as, ls61' oe s9st
OAK Great Northern Is. 1896. cost sbM
Oil Is, 1888, cost S7S.-A. S.
Answer-It is easy to agree with
this investor that in singing out
bonds to be sold for the purpose OF
meeting a demand for cash paper
profits should not be ignored. But
we hold that the realization OF paper
profits is a minor consideration ana
will select five bonds with a view TO
leaving the investment as whole IN
proper form. We suggest that you
sell the American Power and Llght
Company IS, Oklahoma Gas and Elec-
trio TVS, St. Louis-San FRANCISCO prloI
lien As, Western Electric rs anu
French 712s.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1922-07-10
Rail Stocks for Investment

Question--Would you consider Great
Northern preferred suitable investment
for one who relies your opinion for
market conditions? Also of Pere Marquette
IL the merger with Ann Arbor is put
through? | should like to invest $1,000 in
railroads With reasonable safety. l watch
with interest your daily advice. is
Answer-We believe the Pere Mar
quette prior preference stock would be
the better security for you to purchase
This road is earning it's dividends on
both the prior preference and the pre-.
ferred by comfortable margin. The
question of benefits to be derived from
the rumored merger with the Ann Ar
Dor is more in line with the inquiry
that should be made by one who trades
in the common stock
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1922-07-10

Although the virtual guaranty of s.
per cent dividends by the Western
Union for the next ten years before
the lease expires gives the stock for
That length of time at least a good
investment rating, the fact that the
lease may not be renewed and the adj
ditional fact that communication with
Europe may be accomplished largely
via wireless raise the question of per-
manency of earnings.
Communication will always be es-
sential, but methods are constantly
changing. Industries are efficient.
therefore, to the extent that they can
adapt themselves to changed con-
oltions. If the cable company can
successfully compete with the wireless
companies there should be no cause
Tor worry, but if this company finds
that it cannot compete on a success
full basis it will be forced either to
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1922-07-10
Stock Prices and Industry

Question--Havng about $4,000 for Invest
nent ! should highly appreciate your
Western Union and Corn Products, or
would you consider the following better
investment: American Express United
Fruit and American Tobacco. 1 have been
under the impression that stocks have
seemed to recover or move higher faster
than business in general has improved and
that stocks may be lower Hence wait be-
fore investing. How wrong am I?-T. p P
Answer-We agree with you on one
point: That the stock market has had
material rise during the last ten
months and that this recovery has
been more substantial than the tam
gible improvement in business. The
function of the stock market, however,
is to foreshadow developments in in
dustry, at least in so far as the major
movements of stocks are concerned.
Minor swings are not always traceable
to real or prospective developm ents in
the business world deriving their force
IN many instances from the efforts of
traders and professional operators to
correct what they consider weakened
technical position. The recent reaction
may be so characterized We appre-
clate how annoying it is for a person
to buy stocks purely for investment
and then see the market price decline,
but at the same time we cannot at
tempt to suggest to an investor
whether any given period is the most
advantageous for purchasing particu-
lar stocks. Such suggestion would be
tantamount to a prediction on the fu-
ture course of the market You have
selected six of the more conservative
common stocks. We like best United
Fruit, American Tobacco and Pullman.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1922-07-10
Buys for Price Advance

Question-Will you kindly let me have
your valuable opinion Of the. following
ste cks which / have purchased Glenrock
Gil, Livingston Petroleum, Marsh Mines,
United States Light and Heat, and Acme
Packing ?---F. G. l.
Answer-The stocks you mention are
entirely speculative, and in purchasing
them you bought with the intention of
selling at higher figure rather than
for income on your capital. We can
not attempt to predict future market
prices and you must use your own
Judgment in such ventures.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1922-07-10
Stock Not an Investment

Question: am in receipt of booklet
from tho Apple Gum Company. of 435
Fifth Avenue. New York City, and a de-
scription of their product, and their or
ganization rather appeals to me. The men
listed as officers OF the company appear to
be very reliable, and this leads me to be-
lieve that the proposition they have to
offer might be good business mans in
vestment.-A. c. A.
Answer--If you are not depending
on the income your capital provides
there is no reason why you should not
take whatever speculative chances you
wish; if you need income from invest
ments the stock of the Apple Gum
Company should not appeal to you.
1t is easy to predict the future of an
undertaking, but it is best. when seek
ing investments, to select the securi-
ties of organizations that have proved
themselves we'll managed and capable
of showing earning power.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1922-07-10

amend it's methods or go out of
business.
We have no means Of foretellng
what the future holds in store for
cable and radio companies, and ex-
perts are divided in their opinions. In
such case individual stockholders
must decide for themselves whether
they feel they can afford to assume
the risks involved.
If you feel you would prefer in
creased safety and greater permanency
in your investment, you might con-
slider an exchange. Pere Marquette
prior preference shares would be suit
able, or a public utility bond with an
element of speculation attached, such
as third Avenue adjustment 5s. Mis-
souri,, Kansas & Texas adjustment IS
also sell at about 60 and would be suit
able if you are willing to assume some
risks in seeking per cent return.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1922-07-10
Mirror Film YaIueless

Question: note an article in recent
Issue of your paper in reference to the
Mirror Film Corporation. hold fifty
shares of this common stock and would
appreciate very much any information you
might give me.-W. e. Fl.
Answer-The stock of the Mirror
Film Corporation is Of no value. About
five years ago Nat Goodwin secured a
judgment against the company which
it was unable to pay, and since that
time the company has not been operat-
ing, we are informed.
go per cent.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1922-07-10
Cable and Wireless Connection

Qes'onb'H kindly
ee9ph and Cabe
e0mpany The
o 10" ddp'se selling could
good return "A.
our inquiry interesting
POSSIBLE eects OF wireless competition Ignoring for the being
problem OF holding
soc 1t be we'll possibilities decreased earning
power ~ N'e
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1922-07-10
Tel, &. Tel. and Radio

Question--May l trouble you again7 We
own some American Telephone and Tele-
graph per cent stock, very often recon-
mended by you. In your opinion would
the business of this great industry seem in
danger through the radio discovery and
possible future development? Don't yol
think the well directed organization would
already be preparing for such possibility
by seeking share in the control of such
developments I really believe many own
ers of this security are thinking along this
line.--G. n.
Answer-We agree with your rea-
soning on American Telephone and
Telegraph stock. Without attempting
to predict future developments in so
far as wireless telephony may affect
business of this great company, it
seems reasonable to suppose that
proper safeguards will be established
to protect the company's interests.
Whether or not such a course would
take the form of engaging in wireless
communication is immaterial SO long
as earnings are maintained.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1922-07-10
Wants Reasonably Good Stocks

Question: have $1,000 to invest in
stocks. Would you consider Beechnut
Packing common and New York Dock pre-
ferred, reasonably good stocks to buy
around present quotations ?-F. B. r.
Answer-New York Dock Company
preferred has dividend record that
makes it suitable for business man
in position to keep in touch with the
company's earnings. The common
stock of the Beechnut Packing Com
pany, however, contains an element of
speculation that makes it suitable only
for those in position to assume the
risks involved. Large dividends were
paid in recent years as result of in
creased earnings during the war, but
the rate has varied over such wide
range that income can hardly be re-
garded as settled. The preferred seems
more suitable.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1922-07-10
Proportion of Stocks Hiyh

HCpoT lion OF STOCKS High
Question submit to you my present
mornings and my previous holdings to
show you the changes l have made
should be very grateful indeed for any
suggestion shsse ION or criticism in regard to
Great Northern preferred, which pur-
chased In 1919 at 90. 1 sold it at II and
bought Atchison common at 9S, borrow
sold Pennsylvania Railroad at q consider
able sacrifice. Have L strengthened or
YEA my position? 1t is my inten-
ton to convert several of my sami-specu-
latiVe holdings into bonds at my earliest
opportunity. I am single. a teacher and
m n add AGED. Holdings before April, 1922:
steel 6s; $1,000 Chesapeake e. Ohio con
vertible 5s. 1916 $1,000 United Light &
Railways debenture 6s; $1,000 American
$1,000 United States Rubber 7hs; 81 900
French So; $1,000 Swiss Government S.
stocks: 30 shares Pennsylvania Railroad;
shares American Telephone and Telegraph:
so shares Great Northern preferred; 25
shares Reading first preferred; u shares
Lehigh Valley Railroad; 10 shares South
ern Pacific; 10 shares Baldwin Locomo-
tive preferred; 10 shares American Gas and
~ Electric ne pref preferred; shares American
Navigation Holdings since April 1922:
$500 Fourth Liberty AIS; 1000 United
States Steel sinking fund 5s; $1,000 Chesa-
peake & Ohio convertible 5s, 1896; 81 900
United Light and Railway debenture 6s;
81 900 American Telephone and Teegra phi
convertible IS; $1,000 United States Rub
Der 712s; $1,000 Swiss Government SIS;
$1,000 French IS; $1,000 United Drug IS.
Stocks: so shares Atchson; so shares
United States Steel preferred; 40 shares
American Telephone and Telegraph Is
shares Western Union Telegraph; 35
shares Southern Pacific; 20 shares Ameri-
can Smelling preferred; 10 shares Baldwin
Locomotive preferred; 10 shares American
Gas and Electric preferred; 10 shares Endi-
colt Johnson: shares American Car and
Foundry.-Miss E. A c.
Answer-Taking up your list of
bonds first, we observe that the net
result of your change is a reduction
of $1,000 in Liberty bond holdings for
which you substituted $1,000 bond
of the United Drug Company. We
would have to be extremely liberal in
our method of appraising the relative
merits of these two lists of bonds to
be able to say that you have improved
your position from the standpoint of
security. The United Drug IS are
fairly sound investment, but the Lib
erty bonds which you sold were the
standard of safety. However, mas
change and have some conservative
issues in this list we do not recon
mend any further change We quite
agree with you that the proportion
of stocks should be reduced in time.
The ratio of bonds to stocks should be
reversed. When you come around to
the point where you think action is
necessary on reduction in the number
of stocks we suggest that you tighten
your holdings of Southern Pacific. In
the mean time you can strengthen your
position by combining your purchase to
bonds
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1922-07-10
Mexican Bonds In Default

,n fGaestlon--Wlll you please give mo what
Information you have in reference to honSs
%, me United States of Mexico AZ. due
sneS IN what denomination are they is
ooiieotible.--C. II. r. a.
Answer.-The United States of Mex
leo as, 1e54-not 1945-come in $500
ana $1,000 denominations. The inter
est due on June /, 1914, and on every
subsequent interest date is in default.
ohuer the agreement entered into be-
tween the Mexican government and the
International committee of bankers the
mexican Treasury will resume the paw
ment of interest in varying proper
elons IN cash and what is not paid in
cash will be met with scrip. Interest
Was va payable originally on June l and
December /.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1922-07-10
List Neetss Support

ouestion--would you consider the fol-
lowing bonds to have sufficient merit for
purchase: Chicago e Eastern Illinois
SIS 1851; Missouri Kansas &; Texas prior
lien 5s Southern Railway 6hs 1856
Dutch East Indies 6s, French Government
7hs?-S. H.
Answer-The five bonds mentioned
would be suitable for an investment
otherwise we'll supported by securities
of higher grade. An investment in
these issues alone, however, would not
be we'll balanced,
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1922-07-10
Investment Information

Qasstions Of general interest to IN.
vestors will BE- ans,oered in this coll
9amn' IN schich case only initials pill
90 used. Others toill be unstpered b.
mail. Address all inquiries, inclos.
;ng stamped, addressed envelone. IN
r'nancfal Editor. The Tribuns. fxI
Nassaa Street. New York. City,
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1922-07-10
Bonds to Put Away and Forget

ouestion--Would greatly appreciate your
n nootEe GO eoncerning the inclosed list Of
as an investments Which. of them '" are
eallable. and when? Have the New YORK.
e .ed RAJ e. Consolidated Gas rs and stand
preferred been called? What would you
ADVISE ,,n Am endeavoring to get together
a ilst OF bonds and preferred stocks with
Ses'er. mat can put in a safe deposit
poS and forget What would you advise
V vdnlng to this list With new funds? 500
Second Y per cent Liberty; $500 Fourth
~ Liberty; $1,000 Humble Oil Company
g. o dS2s; $1,000 Consolidated Gas Is, 1926
Sl.ooo sinclair Oil 71as. 1925; 5000 Mar.
i i, "a Tank Line Equipment Trust, 1927;
sa,ooo Armour 4 CO: convertible per
Rubber. Company Tvs, 1890; 1000 't NeW
York Central collateral trust, 1880; $4,000
S Ssa+,1sa on of California per cent ce-
company 6as, 1881. $1,000 Westinghouse
Electric and Manufacturing rs, 1881; 81 600
D 1ss5I % M Match ~ per cent debsn1ur
Chicago & North Western SIS, 1G3S,
ssaa' oo0 Vacuum Oh Company Is, 1896
sl'ooo Kingdom of Norway sinking fund
IS. l94O; $4,000 Government of the French
TTe1Pu9ilc sinking fund IS, 1915; $4,000 Bell
u.s. 1915; $4,000 Chesapeake & Ohio con-
gertible IS, 1916: $1,000 United States
steer sinking fund So, 1868: $1,000 Stand
CENT preferred. Your opinion and advice
concerning the above list will be thank
tuiiy recetved.-F. 9. r.
Answer-The New York Central rs,
Consolidated Gas rs and Standard Oil
OF New Jersey preferred have not yet
been called for redemption, Our first
and only criticism of your investment
as whole is on the score of the large
aggregate of short-term securities. If.
as you state, it is your purpose to have
your funds permanently invested for
long term, you have not yet accom-
plished your aim. We suggest that
you attend to the exchange of the Vic
tory notes, Humble Oil rs, Consolidated
Gas Is, Sinclair Oil TVS and Marland
Tank Car equipments for bonds of
equal grade but more distant maturity
dates. You will find suitable substi-
tutes in Duquesne Light IS, 1049 yield
ing about So per cent; Canadian North
ern 6Rs, 1046, yielding about So per
cent; New York Edison Is, 1871,
non-callable until 1886. yielding
about 81 per cent, and Public
1859, yielding about 81 per cent. The
Armour Is and the New York Central
rs are callable on any interest date at
105; the Standard Oil of California
Is at any time at 1041A the Westng
house Is are not callable until 1926;
the Diamond Match TVS are callable
beginning next year; the Vacuum Oil
rs are not callable until 1926; the Nor
way SIS and the French IS are callable
beginning 1925, at ITO; the Bell Tele-
phone of Pennsylvania Is are callable
on any interest date, at 1071a We
understand that the Atlantic Refining
611as are to be redeemed in September
and for this reason suggest that you
exchange them for Pennsylvania Rail-
road Gas, 1886, selling recently to
yield about 5.5 per cent.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1922-07-10
British Empire Steel Preferred

0uestfon-Wouldy you kindly advise me IL
BRUSH Empire Steel first preferred is a
cumulative stock? 1t pays Z per cent and
iists about ~. Would YOU consider It to
DC conservative business mans invest
ment Is 1t British controlled concern !?
WAT Is Its record on dividend payments
on this class Of stock? Also what is your
OPINION OF tho Otis Steel s per cent bond
listed MT about 1o2 for the same class Of
investment Pr A. r.
Answer-The British Empire Steel
Corporation represents the consolida-
ton Of the Dominion Steel Corporation
and its subsidiaries, the Nova Scotia
Steel and Coal Company, and subsidi-
airy. and Halifax Shipyards, which was
made effective April 7, 1921, by the
ratification Of respective stockholders
OF the, merging companies. Initial
dividend Of IN per cent on preferred
"B" shares was paid November /, 1921,
and two quarterly dividends of IL per
cent have been paid this year. Divi-
bends are cumulative at a rate of T
per cent annually. The company is
controlled by Canadian interests, we
believe. Otis Steel Company IS are
suitable only for an individual who
will watch closely business conditions
as affecting the steel business.