davidaulloa/AmericanStories huggingface dataset:
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1922-09-21
HOG TREND STRENGTHENS
Chicago POrkers Average 10 Cents
Higher, Despite Big Supply.
By United FfnoncjaI

By United Financial
CHICAGO. Sept. 21.B Best grade hogs
led the market ut the Chicago stock.
yards today. selling at SOTO. The
general trend Of prices was strong to
dime higher. Receipts were II 600
with holdover supply of slightly
more than 10000. Fresh receipts al
the ten leading markets was posted at
$4,000. against $4,000 the correspond
ing day last week
The cattle trade was steady TO
strong. Receipts were y 900, Of which
killers took about 500 head in direct
consignments from other trading
points. About half the days run was
late I'm reaching the market because
of railroad delays. Prime offerings
sold a dime higher.
Lamb prices continued their sharp
advances, sheer. figures holding fully
steady. Receipts of sheep and lambs
were 5000, the killers taking 1900
direct from other markets. The weeks
receipts to date have been 10000 heav-
Ter than last week.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1922-09-21
MARRIAGE LICENSES

Earl C. Parson, 1908 N. Capitol Ave;
Mrs. Blanch Ward. 800 n. New Jersey.
Garland A. Bryson Puritan Hotel; Mrs.
Helen Crouch. 500 N Delaware st.
Harry L. HarroD, 1876 s. MsKinn Ave;
Julia V. Spite. 400 N. Denny St.
Alonzo Sears, 1886 W. Michigan St;
Hazel NJ. TTusty,. 30 s. Belleview St.
William II. Vesper. 30S N. Senate Ave;
Edith A. Fouch, 1924 Highland Ave.
John F. Sullivan, 20 Harris Ave, Blanche
NJ. Daily, 16 Harris Ave.
Major s. Banks. 400 Mushingan ST.:
Annie G: Yorkley 400 Mushingan St.
Francis M. Angel, S02 Dornana St; Lola
A. Bickel l705 Ingram St.
James F. Barrett. 1916 W. Thirtieth St
Vado Matthias. 1880 W. Thirty-sixth St.
Charles T. Willis. 1922 n. Sheffield Ave
Elizabeth G. Ross, 129 w. Sixteenth St.
James M Stovall. 942 n. Belleview Place;
Estell 6. Garlock, 412 N Holman Ave.
James Farley. 611G College Ave; Mary
Mcintosh. 10 Rink Apis
-, william Phillips. Linden Hotel; Margaret
Chrlstman, 522 N. Pennsylvania St.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1922-09-21

METAL TRADE
United Financial

IN InUC0 FtH0uci1I
CLEVELAND. Sept 21-Daily Meteal
Trade YESTERDAY: RAPID resumption OF
steel works activity II the YOUNGSTOWN dis
trict results in open hearth capacity opera
ton today al better than So per cent. while
sheet mills exceed 81 per cent Of capacity.
Chicago consumers Of finished steel prod
ucts are able only with the greatest diff
Guilty to place new business since mills are
flooded with orders on which shipments are
urgently demanded. Makers of wrought
pipe have put into effect the second advance
of the month. this time S11 per ton. Zinc
and lead continue to furnish thrills in tho
metal market at New York with zinc rising
10 roc St Louis. and load to $3.50 St.
Louis London tin trade Is unsettled by the
Turkish situation with sales at New York
$50 TO $40 70.
No. foundry pig iron, Cleveland delivery,
S35 a SO: basic pig iron valley, S34; sheet
steel bars. Pittsburgh. 2I5 z $50; sheets
No. Is black, Pittsburgh 3.506 3.75c.
Plain wire PittsburEh. 9 IS q 2.5Oc.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1922-09-21
CUTS FREIGHT CHARGE
Service Commission Reduces Rate on
Rafornatory Bricks.

A freight rate of $3.50 per ton on
bricks hauled from Brazil to Pendle-
ton where the new State reformatory
Is being built, has been established
by the public service commission, fol
lowing a hearing in the case in which
the State charged the c. c. c. & ST
l., the p. c. c. & st. L. and the c. I.
& W. Railroads with overcharging.
The price per ton before was S1.77.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1922-09-21

BIZ Tinted FinaHclGI
NEW YORK, Sept. 21.-The Wall
Street Journal today says:
Prices were quietly strong at the
opening Of the New York Stock Elk
change today, rejecting the relief felt
ever final elimination of the bonus bill
Consolidated Gas gained 4 to 1+S
Studebaker Il to 1909 Baldwin l i
to 1919. Lehigh Valley * to 2015
and Northern Pacific a TO STA Ma
rine advanced q to 5Sss and other
shipping stocks showed a better tone
IN response TO President Harding's
determination to call a special SEES
sion Of Congress Nov. Is to consider
the ship subsidy and other measures
Trading in the first hour was
largely confined to a demonstration
in the pool favorites.
Gulf States Steel advanced to S515
against the low Of IS on Monday s
break. The company is getting plenty
OF business. it's only handicap at
present being car shortage.
Stocks continued heavy during the
noon dealing. Ba dwin receded to 1876,
off 17s from the ! lorning high, while
further declines t PIX place in Ameri
can Locomotive. Studebaker, Chandler
and other industrial leaders. While
the general market was reactionary
special strength was shown by Stand
ard Oil OF New Jersey, which made
a new high on the move at 1872, and
by a number Of specialties like Sterl-
ing Products and Austin Nichols. Cop
pers also displayed a good tone. Mag
ma, which made its initial appearance
on the big board, advanced to new
high on the move at 3524.
With public confidence shaken by
the break earlier in the week and the
purchasing power Of the trading fra
ternity limited by holdings acquired
at higher levels, professional opera
tors met weakened resistance when
they launched another attack on the
whole market in the early afternoon.
Substantial recessiOns took place in
most of the active issues. Republic
Steel displayed special weakness,
breaking more than three points, 10
Co.'S, on floor reports of a hitch in the
merger proceedings which apparently
had no better foundation than special
selling of Republic.
Trading was relatively dull IN the
second hour. The heaviness pervaded
the general market because Of the
special selling in several sections of
the list. United States Rubber broke
to a new 1922 low at 507s on reports
in the speculative circles of Iiquida,
tion for the account of American In
ternational Corporation. Mexican
Pete had a sudden dip to 1881, off 4
points from Wednesdays high, while
Cosden was depressed TO 5OA, o. 4,
by pressure of professional origin
based on the theory that the larger
dividend was OUtweighed by the in.
creased supply stock. Chandler and
Studebaker were kept back by the
trading belief that the season mill
tated against operations for a rise in
the motor group
A belated move occurred in NJ. X
& T. 6 per cent prior preferred, which
advanced Z to 81.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1922-09-21
PREVENT PROBATE
Suit Filed in Superior Court May Stop
Action on VIII.

Suit to prevent probate of the will
dated Feb. % 1919, made by Mary B.
Toon was filed today in the Marion
County Superior Court by Myrtle
Wiltsie. one OF the heirs. It was
charged that Mrs. Toon was of un-
sound mind when she made the will,
and that it wasUnduly executed in
that the signature was not hers. A
joint viii made by the Mrs. Toon and
her husband, who died in 1913. was
offered for probate instead, it was
stated in the complaint.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1922-09-21
MARSHALL TO SPEAK
Former Vice President VIII Addressk
Mems Club.

Thomas r. Marshall. former vice
president will be the principal speaker
az the first meeting of the Mems
Club of the Tabernacle Presbyterian
Church Friday night following the
summer vacation
Emsley W Johnson, president of
the club, announced that a dinner
viii precede the address Of Mr.. Mar
shall.
Friday night viii be guest night
and each member will bring a friend
with him.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1922-09-21
FOREIGN EXCHANGE

NEW YORK, Sept. 20.-Foreign exchange
opened easier.
Sterling. demand. s442z: cables.
SAP q. up sc. French, demand. 1890:
cables. 1853 nc, up .02 &c. Lire. demand.
4.21 = c; cables Age. up .O2c. Belgian,
demand. 7-2O z c: cables. 7-21c. up OF 4 c
Marks. demand .O6Zc Greek demand.
8 zoe: cables. 3-25c. Swiss demand Is .67c.
cables. 1890, tup .04c. Guilders, demand.
37.70c: cables. 3S.73c up .O3c. Pesetas,
demand. 1916: cables. 151Sc. up O3c.
Swede. demand. 264Sc: cables. 26.52c, up
Zoe Norway. demand. 1900: cables.
171Oc off -O2c. Denmark, demand. 20.7Sc:
cables, 2O-S2c. up .05c
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1922-09-21
' United Financial

ID WIItW IWWWtfWI
NEW YORK, Sept 2O-Cottonseed oil
trade was active and prices advanced 10 to
10 points to new highs for the upward
movement. Commission houses were scat
tered buyers and there some aggressive
short covering. while the bulk Of the selling
came from proht-takers and from reiners
Deliveries on September contracts were 500
barrels, making 5,400 to date, but this had
no effect Cash oil demand is reported lib
eral, compound trade good with compound
again higher and quoted at 10h d10R in
car lots Southeast and valley crude was
9 y bid; Texas 9 u with offerings light.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1922-09-21
INDIANAPOLIS PRODUCE

Eggs-Fersh candled 31c. Butter
fowl under Alb, tic; leghorn fowl and
springs, % per cent discount; springs. 2lb.
under 25c springs. over > lbs. Gle cox
and stays, lie; young tom turkeys 10 lbs.
up, GOO; young hen turkeys, lbs. up, Csc:
old HON turks zoe; ducks. lbs. up, 15c
geese 10 lbs up 12c; SQUADS II lbs. to
doz., So young suineas, z to ID. size,
per doz. ST.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1922-09-21

OTHER LIVE STOCK


CHICAGO. Sept. 0.-Hoss-Receipts
1900; market, steady to 10c up; top. so;
bulk Of sales $7.76d e.95: heavy weight
SS50G 900; medium weight 80 40Q995;
lChtweight s97O81O; light lights S94O
q DO; heavy packing soWs. 81 50G S 20
Gao; Cattle-Receipts. $4,000; market
medium aud good DID, s. oa1675 % c g mon
Ii35;9 common o' and am medium 2i'7 sad So
butcher cattle and heifers, So q o 80; cows
50 $40; bulls. S4@ 0,65 Gamers cutters
50 Is @4.50; veal calves. SIT .75Q 1875
feeder steers S505 a. S.25 stoclSer steers 81
300; Sheep-Receipts, $4,000; market
steady to csc up: lambs S13.25 0I4.50.
lambs, Gull and common Sl9W13: yearling
common ewes, % a 3.75.
NEW YORK Sept. O.-steers-supply.
light; market on common, Sl0@I2; mar
ket on others. Sl4@ s; selected choice, SO
sb 9'2 Gar asm1a9 az demand G2%sSuP fag
Bulls-Supply, light; market on common,
- 80 g, i y on others, ssao local
beef chucks and plates-Supply. normal;
market. SI0a1S; demand. good. Kosher
binds n an and rdi6 oo%5 normal maret
light; market, S21 a 23 heavy sides. skin
Of-$12 G14; demand, fair Lambs-Sup-
ply, light market, $50 "a 30: demand com
mon and good. S1SQ22. Mutton-Supply,
light; market, good. SI5017: demand. fair.
Pork-Supply light; market, S16Q 30; de-
mand. good
CINCINNATI. Sept observation-disclosures
900; market steady: shippers, S7G 81;
calves, mar ket active; extras. $3.50 q l 4.
Receipts 300; market active pigs,
to choice packers, S1010. Sheep--Receipts
400; market, steady; extras, S4.50G 90;
lambs, market strong, higher; fair to good,
$I4 I4.50.
CLEVELAND, Sept. 20.-Hogs-Re Receipts,
5000; market loo to l6c up; workers, Sl0.25
G10.30; mixed, S10.26 q 1890; medium.
stass o8S PsfR SG 7 E99sh marst
steady, 15c down; good to choice bulls,
$3.50 a $50; good to choice steers, $3.50 "a
1850; good to choice heifers, 81 as: good
to choice cows, $3.50 a $50; fair to good
cows, $500 40; common cove, 5000;
mixers. S35 q 76.. Sheep and lambs-Re-
ceipts, 1000; market, Zoe up; top, S14.o0.
Calves-Receipts, 400; market active; top.
S14.5O.
EAST BUFFALO. Sept. 2O-Cattle-Re-
eepts LOO ma ga active g., steady ship
750Q9: cows, s25OG6. Caivos@Receipts,
100; market, active, steady; culls to choice
81 ola Sheep and lambs-Receipts. 300
market, active. 5Oe up; choice lambs, S14Q
10; culls to fair, So q 1850; yearings, 81 a
10 sheep. SO az so. Hogs-Receipts, 300
ho 1885, pigs GS? 2 mixed sos
lO40: heavies, S9,o0@10; roughs, ST. @
$50; stays, $4.5Og5.
KANSAS CITY, Sept. 20-Hogs-Re-
ceipts, 1000; market 10c up bulk, $9.1OQ
$40; heavies So 50 1925; butchers, 50 ID
Ge.45; lights. S02509.5O; pigs, Ss500
9.25. Cattle-Receipts. 10000; market
steady: prime fed steers 50 80 a IL: plain
to fair dressed beef steers $685. q 9.S5
western steers, S575Q9.50 southern
steers. S4& $50; cows, $2.75@7; heifers
S4.5O@e.66; stockers and feeders 81 506l
S25: bulls. S250G4.50; calves, S5.50011.
sheep-Receipts, 5000: market, stronger
lambs, SIC 50Q14.50; yearlngs Sg75 q
IL wethers. 81 q g. ewes, So 81; stockers
and feeders, SO rs q 1875.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1922-09-21
CLEVELAND PRODUCE

b Tn4ted F1ndnctdF
CLEVELAND. Sept. 20-ButterSExtra in
40 N 40 u e. packing stock, % y a 20 II
Eggs-Fresh gathered northern, extras,
81 kc; extras, frsts, 351ac3 Ohi0s, 81
rive heavy fowls. gee; boosters, lac lie
spring ducks, 19@ go. Potatoes-S2, 40 a
barrel.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1922-09-21
BIRTHS
Girla

James and Mamie Armes. 236 Villa.
Lynn and Nellie Boggs 8O3 Sumner
Otis and Mary Buttorf city hospital
George and Lola HarrelI city hospital
Alice and Ellen Lupeer, 80 Butler
Harry and Lucy Grabhorn, 1910 y. Dear
Bennett and Berdie Minor. 1909 T. Mar
Boys
Robert and Jean Kinsey 80 Arsenal
Jessie and Stella Bell 1903 Columbia
William and Vergia Winfield. city hos
pital.
Cecil and Opal Bates 1927 E. Vermont
Jessie and Laura Priest 1909 Rural.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1922-09-21
NAVAL STORES
I tllted FinnnciGI

UW Z WITtI 7 tWWWVtIt
SAVANNAH Ca. Sept 21.-Spirits mar
ket firm esterday; regulars. 125 "a; sales
] eported =. Rosn markets firm; w ".
86Oc; W 615c: \. 5000: N. 5.4Oc; X,
5.27lac; /. II. G. F. f. D. B. 6.25c; sales,
l $50; spirits receipts. 413: shipments, 394
stocks. II ,445: Rosin, receipts. 972; ship
ments. 727: stocks. 100 ,54s: offering spirits
I7T: rostu, 500.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1922-09-21
Evening FrOCIxs

Evening gowns are now very long
and are quite sure to have a narrow
train. This is quite as likely to be
found at the side. however, as in the
back
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1922-09-21

Wheat--NO. B red, 7 car IotaI, ! car
Corn-No. . white. . cars: No. 3 white.
3 cars: No. white. 3 cars. No. white, 3
cars 30 6 white, cars sample white,
car; No. yellow. cars No yellow.
cars; No g yellow. IL cars sample yellow.
3 cars, sample mixed. 1 car. Total, AZ cars,
Oats-No . white cars; No. white,
cars Total. o cars.
Rye-No. 2. 1 car, Total, l cars
Total number of cars for day, -.
Grain prices quoted Z. o. b. basis. Il iac
10 New York.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1922-09-21
INDIANAPOLIS CASH GRAIN

Bids for car lots o. grain and hay at the
call Of the indianapolis Board OF Trade were
Wheat-ThrouEh biIled strong: No. . red
Sl10a l12.
Corn-Stroug: No. white, % y r. - lsc;
No white. 81 ~ 10 5Bi.c. No. 3 yellow.
90 y a 81 u O.. No 4 yellow. So y a 80 4 G;
No 2 mixed. % p "a 90 l2c: 40. = mixed
- Il a 80 u C.
oats-Strong: No . white 3Ga37lsc:
No. white. IS y n 36i9
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1922-09-21
LINSEeD OIL
~ United FfnanctaI

BIZ United. Financial
NEW YORK. Sept u The linseed oil
market was \auiet. but strong yesterday.
owing to passage of the tariff and firmness
in seed. Advices from the Northwest say
seed is moving very slowly
Domestic spot IS q g0c: October Soc;
November. December. So a S5c
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1922-09-21
NEW YORK MONEY MARKET

bN CHttFu FiNNhCfut
NEW YORK. Sept. 2O.-Time money is
Tightening with 60 and 90-day maturities at
I p and longer periods at 4%
Commercial paper still is 4 4 and Al.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1922-09-21
IN The COTTON MARKET

NEW YORK. Sept 2O-Cotton opened
active up IL to % points on local commits
sion house and Liverpool buying due - IA
vorable outside and trade news.
Prices held barely steady during the
morning despite a bullish weekly weather
report and the steady tone at the Liverpool
closing.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1922-09-21
RAW SUGAR MARKET

WIItI T
refIner bought $500 bags Cubas at Sc cost
and freight for first half October shipment.
Raw sugar opened steady September.
2 90 a 3.0Oc; May. 310G3.12c; July. 3.2Oc
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1922-09-21

NEW YORK-Customs receipts are
breaking port records as importers rush 10
pay duties on goods ahead of the signing OF
the new tariff bin. The present rush prob
ably will be followed by lull IN imports
for the next several months.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1922-09-21
LOCAL. BANK cLEARINGs

indianapolis bank clearings Wednesday
were SASS. 600; bank debts we're 50 95Y,
600.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1922-09-21
TERSE MARKET NOTES
By Tnitcd FinGnci1I

81 WIITT WVHCiUF
NEW YORK, Sept. 2O.--Furtber advances
in steel wages would not surprise those in
touch with that industry here. Men are re-
ported leaving the mills fer the GOAL mines
4 per cent higher wages are paid: Other
lines of industry such as building lines are
paying higher wages than the $3.50 day
steel mill wage
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1922-09-21

NEW YORK-Ar factors point to rising
delivery costs, according to Monks and
johnson architects and engineers. The
price Of raw materials for building has
risen steadily since spring the increase be-
ing ascribed to a larger volume of building
increasing demand
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1922-09-21

NEW YROK-Export prices of kerosenes
have been advanced another \ cent by
Standard Oil of New Jersey. The keener
emalIness Of coal stocks and indicates that
a large number of coal consumers have
turned to oil as fucr Atlantic coast and
large amount of crude oil from the COM
panies nj the id-continent field. The sus-
tained consumption of gasoline as well as
Kerosene IL responsible for this.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1922-09-21

BOSTON Following the action of Inter
national Endicott-Johnson hiss advanced
shoes from 3 to 10 cents pair. Expecta-
ton of higher prices for spring shoes is in
dictated in other quartagG.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1922-09-21

NEW YORK.-wan Street is wondering
who Allan A. Ryan's associates are in the
new firm of Allan A. Ryan Inc. which will
soon be launched. It is rumored the name
of Charles NJ. Schwab will appear among the
off
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1922-09-21

MONTREAL-Fur prices ranged consid-
erably higher at recent auctions here.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1922-09-21
STEADY ADVANCE
FEATURES TRADE
IN EARLY STOCKS
Senatorial Action on Bonus
Forms Basis for Firmer
Undertone.
GENERAL GAINS PREVAIL
Motors, Rails and SpeciaIties
Among Opening Leaders
on Exchange.

Twenty active Industrial stocks
Wednesday averaged 100.14, up .21
per cent; twenty active rails averaged
s2.70. unchanged.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1922-09-21
NEW ORLEANS Sent on-En,

NEW ORLEANS, Sept 20-Favorable
cables from Liverpool and heavy buying
orders caused prices on the cotton exchange
to jump from 7 to II points on the open
ing here today.
Prices held steady during the first two
hours OF trading. although profit-taking
caused a small drop from opening prices
in October futures.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1922-09-21
Butterfly Bows

Very wide butterfly bows Of
taffeta or satin are introduced on the
new frocks, giving a decidedly new
silhouette.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1922-09-21
LOCAL WAGON WHEAT
COTTONSEED OIL

No. wagon wheat. csc. No. 3 viii
oats. soc.
New-York tribune., 1922-08-13
Wants Investment seeuriti..

question -- Having carefully followed
your answers 90 the many queries in The
Tribune and hAving acted on your sdvice
in the purchase ~ bonds ia fhs psst
which consider excellent, now enumersf.
lst OF my holdings FOR your perusai and
ASK you II you VIII be kind enough 10
-aNlse ne as 10 the hsst method 10 pursue
IN making over my hs, OF holdInFs and
also what Co bay now strictly Tor good
investment purposes Ia making up the
Jet, would call your attention 10 the
TACT thst ] sm single. and % not need
any ~ the income from the bonds or stocks.
~ ny income ~ more than sufficient for
ny Atinr requirements - I presume ]
can snord 10 take greater risk than n
NNte orp' ndent ln any way upon the
income. Niy ldea 10 Tor usf OF nom
callabl. bonds ~ as high interest rate a.
T. consistent With a good margin % safety,
although I an open TO any plan YOU may
think better for my eurposs an not
avcrse 10 buying good stock n you think
% better than bonds N working out ths
plan. some of my hoicings were not pur-
chases Of mine. but we're inherited - I
have held on 60 them. since which time
they have Increased IN value The Nst
follows: Great Northern -. 1895. Grand
Trunk equipment siss. 1896: French cv-
terna 7i1s 1871. state Of Queensland -
1871. O.. Y. 7. Z. lrt and refundfnF A.
1895, frsf Liberty 3ls. third Liberty g. =.
fourth Liberty fiss Public Service 6s
Southern Railway preferred aud Pacific
on now have ready for invest
mfuf 5000 and VIII appreciate very
much your advice before Investing or re-
vsmpiug the above list consider your
investment columns most wonderful aid
90 the lsyman Who knows little II anything
about the proper inversm-ni % his hard
Earned money. and wish 10 thank you FOR
The assistance Ill. T. NJ
Answer-We see nothing in your list
Of investments or in the other irfor-
nation furnished that would suggest a
reason for making any change IN your
position. Your holdings impress US as
entirely suitable for young man who
has no family responsibilities and is
not dependent on the income from his
investment. We suggest for your 1000
OF new capital a $1,000 St. LOuis-Sau
Francisco prior lien 5s. 1850, selling re-
Gently TO yield about SO per cent, and
ten shares Of New York Telephone siz
per cent preferred stock, selling around
iO7.
New-York tribune., 1922-08-13
eAreraginr Down Questionable

Qusstion-I purchased 100 shares of
Marine common a. -. Would T. Be vls~
10 buy 100 more ~ ls AMI average ny
holdings? These shares appear fair. and
with the large amount Of passenger and
freight traffic abruad they should advance
What ara financial statements % White
Eagle OIL. and can ~ keep on pay ing IT'S
81 dividend? &c. 81. 4. tr.
Answer-We cannot approve OF any
plan for averaging down" losses. II
YOU had any means OF knowing when
the bottom had been reached. such ac-
tion would have some basis FOR sup
port. but buying additional shares OF
stock every time IL has a break is apt
to prove costly. we believe. We cannot
attempt 10 predict future prices Tor
so speculative a stock as international
Mercantile Marine common. Much OF
the uncertainty is due 20 possible
freight rate cuts. II you feel you can
afford 10 speculate. this stock may
serve your purpose as well as any
other. White Eagle Oil had net income
Of $3.50. sos for the year ended Dccem-
ber 81. 1921. the last financial state
ment available. How profitable opera
tions have been since then We do not
know. but it may be said that q
continuance Of dividends on most OIL
stocks depends so largely on the
maintenance Of steady earnings that
thew are Subject 20 change without
notice" We cannot attempt to fore-
cast future dividends on this STOCK