davidaulloa/AmericanStories huggingface dataset:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1922-07-03
Bumper Crops Expected
In Russia This Season
Weather Has Been Ideal in
Most Sections; May Have
Grain Surplus for Exnort

MOSCOW, July 2. - dvices from
American Relief Administration men
In the field, confirmed to q large de-
gree by latest government reports, in
dictate that the general condition of
Russia's crops for the 1922 harvest is
more satisfactory than was expected a
few months ago. In most sections the
weather has been ideal and some rye,
which failed to sprout during 1921 be-
cause of the drought, has come up, in
creasing the yield expected from the
1922 sowing.
RIGA, July 2. James P. Goodrich,
former Governor of Indiana, en- route
to the United States, after trip of in
spection through the Volga region, de-
clared to-day that he found evidence of
abundant crops and unusual yields in
the areas planted. This applied vir-
tually to all of Russia.
According to Soviet estimates there
will be surplus of grain this year,
taking Russia as q whole, and the So
Wet officials assert it is probable that
Russia will be able to export some
grain as soon as the new crops are har-
vested.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1922-07-03
Would Weaken Investment

:, Quostion--The following honda in $1,000
uenofnirations have been held fo~ some
,iiine' but the return is not as large az be
IIeVe might be secured with safety. NY
orauilc Power Company OF Niagara Falls
rnfnnding and Improvement 5s. ISL Bctoit
water Gas and Electric Company first
mortgage ss 1887 Kokomo Marion and
western SIS. 1893; Consolidation Coal arst
and refunding So 1850, CAROLINA Power and
Light first mortgage SIS. 1898. Bush Ter
tninal Buildings Arst mortgage SIS. 1850.
Am considering Republic of Colombia. s,
a. secured sinking fund per cent ex-
ternai loan Of 1919 900 at Ss6 90 based on
sterling at s. so; Republic of Costa Rica
secured sinking fund l9ll per cent. ii 90
Of 90. sterling Mt $3.50 Would you
tthlnk such rn exchange Of all or part Of
tered reasonable security with the larger
earnings?-R. w. c
Answer--it is our opinion that your
present investment gives as large an
aggregate return as is consistent with
a sound Investment policy, end that you
cannot exchange any of the individual
items for Colombia 6s or Costa Rica
os without lowering the character Of
your investment.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1922-07-03
Wants Short Term Bonds

Question-Wnl YOU kindly let me know
II you think the following are sound in
vestments? want TO invest $4,000, but
want safety 10 be the feature and would
Hike as high a yield possible; if bond.
short term one. The list; Bonds. North
American Edison Is. Philadelphia Com
pnny 6s. Public Service of New Jersey SIS.
Anaconda Is, Cleveland Terminal bls s;
stock, Philadelphia Company. IL this a
good investment? IF NJ G.
Answer-The bonds YOU name are
all good investments, but none of them
is short term except the Anaconda
Copper is, and these you might not
find suitable as they are callable at
any time at 1903 p. AS good short term
bonds we suggest Dominion of Canada
5s, 1881, selling to yield about $50 per
cent; Chesapeake & Ohio 5s, 1929,
selling to yield about Sc per cent;
Standard Milling Company first IS,
1880, selling to yield about 5.43 per
cent. Philadelphia Company stock we
rank as a business mans investment.
Better for your purpose would be Pere
Marquette prior preference stock or
American Wooden preferred
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1922-07-03

The pipe lines carry petroleum from
the producing fields to the refineries or
to tidewater for water shipment in
crude form. Imagine yourself the
stakeholder in a company which car
ried oil from a new producing field.
While that field is fourishing profits
are immense and dividends are usually
in proportion. Under the circum-
stances you say you have o good and
profitable investment. But what hap
pens to your investment when that
field runs dry? Such developments arc
not without precedent. Depletion Of a
field means that the pipe line serving
1T has outlived its usefulness. That is
the big hazard in pipe line stocks.
Strictly speaking, the depreciation
charged against the pipe line of any
company should include not only the
wear and tear on pipe and pumping
stations, but should also take into con-
slderation the steady but certain de-
pletlon of the field from which the rev.
enue producing fluid is extracted.
Obsol escence of q certain line of pipe
is serious or otherwise from the
standpoint of the stakeholder in direct
ratio to the diversfcation of the COM
pany's facilities. Thus, if the deple-
ton of field means the scrapping of
20 per cent of a company's lines, that
is serious proposition. But if the
scrapplng OF similar mileage of pipe
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1922-07-03
Gut Silk Ties Lead in SURVEY

Out of 100000 mems ties observed at
eight different points in Manhattan by
workers in the Associated Mems Neck
wear Industries survey, SO per cent
were silk four-in-hands, 33 per cent
knitted four-in-hands and Is per cent
bow ties.
The cut silk fourth hands showed
the largest percentage at the corner Of
Broad and Wall streets and on upper
Fifth Avenue. The percentage on up
per Fifth Avenue was 60 per cent silk
four hands, % per cent knitted ties,
Is per cent bat wings and 8 per cent
miscellaneous. The only station at
which the knitted tie predominated
over the silk was at Williamsburg
Bridge and Delaney Street, where the
proportions were So per cent cut silk
four-in hands, SO per cent knit four
in-hands, 8 per cent bat wings and 3
per cent miscellaneous.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1922-07-03
Roads Strategic Position


Question have read yith. great deal
or interest your answer which appeared IN
the sunday edition of June IS. entitled
ERIE ana Specuiation, and notice that
YOU place in a speculative class New York.
Susquehanna G. Western IS. Some time
ago looked into these bonds and it APP
pears to me that the New York. Susque-
b ba cnsd ss1 nos noa nSS rne
you my reasons and would like to know
whether my conclusions are right wrong.
me IRE EaiIroad Compo NY, acaulre6
quehanna & Western company a bout t. twen Ven
tyhve years ago. Shortly afterward a
majority Of both common and preferred
'Ug".hor m'n f p,e thc
Erie Pennsylvania collateral trust per
cent bonds, which covered the purchase of
tine pennsylvania Goa' C1mPan N.Y. Now
ncnt in the article above mentioned, could
the Erie afford to allow these bonds to de-
fault? As | understand it the New York
senarata nron"stion thev NAV
have many facilities which are used by the
Erie in common. and 2 separate yearly re
port IS made out f3r It, Is 1t not a t tacs
the e Erie a.. 81 sb i to- Wew York is handled
over The Edgewater docks, which belong TO
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1922-07-03
German Store Trust
Cartel Formed to Fight Manu-
factu~ers


BERLIN, July "A "cartel," a form
of trust, comprising the largest de.
partment stores in Germany, is being
organized here for the purpose of com
polling manufacturers to adopt uni
form price policy, it was announced
Saturday at the Offices Of Oscar Tietz
who controls large chain of depart
ment stores. If the purpose Of the
"cartel" is achieved it will have an i'm
portant effect on importers of German
goods in the United States and Eng
land, as the inland prices Of German
manufactured articles always have a
strong bearing on the export prices
In this connection it also was an
nounced on Saturday that the Hamburg
Fair intends to inaugurste policy -ot
fixed prices in order to attract German
as we'll as foreign buyers.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1922-07-03
Fluctuation in Bond Prices

oucstion-N) Whit are the more fire
ouent conditions which cause variation Of
price OF some non speculative bonds, apart
from a corresponding variation IN the
price OF other bonds OF the Same general
class? For example. to-day Armour real
estate 4las. 1899. and Illinois Steel deben-
ture t2s, 1870, are both quoted at 90. but
a week or two ago the Armour 50 at
cat which time | bought one Of the lat
terri; Also to-day Atlantic Coast Line
Louisville & Nashville as OF 1852 and Ore
gon- Washington Railroad e. NAVIGATION
company 4s of 1861 arc both quoted at
about SOY, yet short time ago when the
Atlantic Coas, Line bond was 50 SO
inc oregon & Washington bond was IS
Nhcse We're not sa leg for one day but for
successive days.. Cd How can investor
OK OK small means best inform himself go
that when he desires to buy a 81 900 bond
he can select tho cheapest one of a group
or bonds OF practically equal merit? tS)
Why ala the abovo-named bond of Dad
OF lessencd earning power, like the Allan
tic Coast Line, for time sell so much
higher than the Oregon Washington
bond, guaranteed by road of the earn
ing power of the Union Pacific? ca 1
have noticed TINT the Armour and Oregon
Washington b, nds are sold daily and that
the Illinois Steel and Atlantic Coast Line
Louisville Nashville bonds much less
frequently Is the price affected by the
frequency Of sales. and II so. why? /
suppose marl<ctab lity added to the cost
l.. b N
Answcr-Wc have looked up the rec
ord of sales in Atlantic Coast Line
Louisville & Nashville collateral As
and Oregon-W Washington 4s and find
that in the week ended April %, when
Atlantic Coast As were selling around
81 and Oregon As were around 81 %.
In other words, when Atlantic Coast
As were at their top Oregon Washing
ton 4s were within q point Of their
top. The latter went to 78 early in
January. When you consider that
Atlantic Coast 4s went from 51a to 83
and OrcgonW Washington rs from IT to
80, the conclusion is that the reaction
has been no more severe in one than
in the other. Looking into the record
of prices in the other two bonds we
find that Armour AIS advanced from
86 u on January 10 to 92 on April %,
gain Of 5la points; while Illinois
Steel d rs advanced from S61a on Janu-
airy to 90 on April "a, gain of Il
points. In the week ended June 8
Armour sold at 891a and Illinois at
9012. The only inference that can be
drawn from these facts is that the
natural reaction in Armour as was
completed before that in Illinois
Steel 4l2s
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1922-07-03
lnterborough Exchanges

. Questton-~Will you kindly tell mo - q,
10 ih.eF borough Consolidated stock thai
s sn ." turned in and converted into
some other new shares by q cash pnvunn,
az nave seen referred to In your column
last saturday my mother received a No
n n mat the time for giving in Manhattan
,tal!WaY stock had been extended TO INV
/. should have done anything with tbe
zen shares Of marlborough Consolida I ed
Which hold? had thought that thcsa
Shares were Metropolitan stree, Railwav.
or l should have noted what has been ca A
heretofore in The Tribunc.-Mlss II. t. G
Answer-Under the Interborouph
REIMBURSEMENT plan the lntcrborough
Consolidated stock does not participate
in the purchase Of 1nterborough Rapid
transit per cent notes until the com
mittee has definitely determined what
percentage of the notes remains un-
purchased Thus, if you are a holder
of 1nterborough Consolidated stock
there is nothing that you can do until
the time for depositing Interborough-
Metropolitan Ans and marlborough
Rapid Transit stock has expired. You
understand of course. that the right
to subscribe to the per cent notes
will belong to the holders of preferred
stock first.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1922-07-03
Hazard i'm Pipe Line Stocks

Q"e'on-ftedse il of Lin
""cn am selling about
thinking Of selling Liberty investing in the
sok--A L.
AnsweY will find other
subsidiaries selling high yield Pipe Line is selling
on oas OF about IL of
and Eureka selling
At the
and marketing selling
you quite right about the offered
put will
conception of
assuming some risk There hazard in the
nature Of the Of income
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1922-07-03
said Leo Eisemann, Of E. Eisemann 4

said Leo Eisemann, Of E. Eisemann 4
Co., manufacturers of ostrich trim
mings, upon his return from Europe.
Mr.. Eisemann, who spent much time
studying the fashion trends in Paris
and other centers, predicts a greater
vogue for ostrich than has been seen
in this country in some years. Partisan
modes emphasize ostrich trimmings to
q marked degree. On coats, capes and
gowns ostrich trimmings are most no.
ticeable, while ostrich Is also predomi-
nant in the smart millinery seen at tho
fashionable race courses. Dress Access
SORES are markedly leaning toward o.
trich he said.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1922-07-03
Manhattan Rubber Stock

Question-Through your investment COL
VIM VIII you kindly give mo some infor-
n,allon regarding the capital stock of the
manhattan Rubber Manufacturing Com
pany OF Passaic, n. J. What is the mar
k ket value of this stock? What have they
uoeh abIe to pay on this stock? What do
You think Of IT as a reasonably safe Inv
vestment e. G. B. "
Answer-We are informed that Man
haitian Rubber Manufacturing Com
pany stock is held by comparatively
few interests and is paying 6 per cent
dlvldends. 1t is quoted as 90 bid.
offered at 105. We are unable to give
you other information as the company
declines to supply us with data of a
financial nature that would indicate the
value of the stock as an investment.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1922-07-03
Exchanging Callable Bond

Atlantic Refining 6lAs due March !, 1891
VIII be called for payment as provided
IN me mortgage. at lo3h and interest a
OF September !, 1922. The bonds sell
ing IN the open market at the present
time at 1o3i2. DO YOU think it best to
take advantage of roinvpsting my money
be clad to have your opinion. II you
instead OF waiting until september /? /
YOU" he glad To have your oninon. II you
think 1t wise to reinvest, please suggest
some other seCurity.--A. r.
Answer-Although no official notice
of intention to call the 6l3 per cent
bonds for redemption on September
!, 1922, has been given by the Atlantic
Refining Company, we understand on
semi official authority that such step
will be taken. The redemption notice
may be given as late as thirty DAYS
before the date on which the bonds
will be retired. We think it advisable
to attend to the permanent rcinvcst-
ment of your capital now rather than
wait until September. The Atlantic
Refining Gas are worth more than
their price indicates, being held close
to 103A by the redemption feature.
In selecting a substitute. therefore,
you will have to accept slightly
smaller yield if you intend to stay
within the same general class of Sc
ourity. We suggest New York Edison
Gas, 1941, non callable until 1886, SELL
ing recently to yield about 81 per
cent You will need about $55 addi-
tional in cash to consummate this ex-
change.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1922-07-03
National Lead Preferred

Question-1n a few days I shall have
$4,000 to invest and would like to have
your opinion of National Lead preferred as
an investment. or, if that stock does not
meet your approval will you suggest some
terest or better?--Mrs r. s. s.
Answer--We consider National Lead
Company preferred stock a good in
veStment.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1922-07-03
Holds Standard Oil Preferred

Question: would appreciate very mucn
II You would give ne your advice on the
following: ! have 30 shares of Standard
OIL of New Jersey preferred stock, cost
ing me 104 The stock Is ceiling at about
the price 1t is oallable at and think
1t might be adviss bic to sell now. Would
your advice be to sell? If so. YOU
suggest some other preferred stock that
will give tho Same. or about the same,
yield without sacrificing too much on tho
security? would be interested only in
an accunulatiVe preferred stock. also
have 80 shares of United States Smelling
& Refining Company common. which cost
ca. I am in a position to hold, having
income sufficient TO hold if advisable. At
the present price of this stock do YOU
if So what security would YOU suggest
purchasing.-F. S. w.
Answor-Thcre is scarcely anything
to be gained by Fastening to sell the
Standard Oil of New Jersey preferred
stock in anticipation of it's retirement.
We have no direct assurances that the
stock will be called in Preferred
stocks in a class with Standard Oil
preferred started their recovery long
before the market for speculative
stocks reached their low point last
summer, and the preferred issues in
the last few weeks Of speculative
activity. We could not attempt to sug-
gest to you what course to pursue with
United States Smelling stock without
tacitly making a prediction on the flu
ture of this stock in the market. We
think it worth nothing for your bene-
fit, and the benefit of all who have
carried copper stocks through the te-
dious months of depression, that the
copper industry has assuredly turned
the corner and that production has
been resumed on so large scale be-
cause reserves Of copper have been
greatly reduced.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1922-07-03
Nhinese Cloth Imports

shansnefcial Attache Julean Arnold,
men, "a IN cable to the Depart
ports :. y. :. commerce reports that i'm
Tie a.. Shanghai of cotton cloth for
year ~ ,.s hve months of the current
,-Br;tS;sStte as follows: Gray shirtings
e7Oon. $4,000 pieces; japanese,
ines-s american, $1,000. Gray sheet
Ise.ooaS american, 100000; Japanese,
1hd british, $1,000 pieces.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1922-07-03
Inquiries Should Be Signed

Inquiries addressed to this depart
mcnt of The Tribune are regarded as
confidential, but as an evidence OF
good faith, all should be signed and
an address should be enclosed for re-
ply. Letters from the following are
being held for identification: e. r. B..
S. J. c., j. F. H., Nj. L., L. P. R., J. T
L., J. OBJ. Mrs. A. B., A. H. F., L. H.,
R. C. W, H. W., E. F. F., G. F. K, j.
o. c., w. J. F. and NJ V. B.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1922-07-03
New Zee!and's Steel Imports

New Zealand's imports Of iron and
steel in February, 1922, amounted to
$500 long tons, the two leading items
for the month being galvanized plates
and sheets C1,758 tons) and tubes
pipes and fittings (l,2l0 tons).
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1922-07-03
Investment Information

Questions Of general intcrest to in
Vestors ciu be unspered in this coll
amn. IN 'ohich case only initials mill
oe used. Others foill be ansDered b.,
maui Address all inquiries, inclos.
tng stamped, addressed enveions. Ia
F'nancial Editor, The Tribune. XXI
Ndsson Street: New York CITY,
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1922-07-03
Cheaper In Unlisted Market

Queeton--May I ask for your advice in
sg ny t" the Tf h 6ity Of stock com
suit company with offices at II Broad
way way? This concern is selling arr.
ctasses of working people who cannot
afford to throw away their small savings
on Worthless securities I believe this cor
nor2tien also goes under the name of the
nlled States Service Incorporated and
Issues, as one Of its selling Inducements.
introduced into Congress requiring all
urlted states government ships and other
vessels vessel. to be equipped with ltfo-saving
suite One of our maids has been per
suaded, under promise of these great re-
turns, to inres. the Tor part of her
anyines in this stock, and as am very
as possible. or at least to advise her, l.
in turn, would be grateful for your advice
IN the matter.-W. A. K.
Answer-We are glad that YOU are
interested in the financial affairs of
others less competent to Judge what
constitutes an investment 1t is often
quite difficult to convince the uninitiat-
ed that unwise specializing will deplete
capital faster than sound investment
can build. Irrespective of the claims
OF the fiscal agents, or stock statesmen
who represent them stock of the Ma
tlonal Life Preserver Suit Company is
offered in the outside market at 35
cents share. We do not regard this
rs unusual, as in many instances a
certain type Of salesman has not the
slightest conjunction in selling at an
exorbitant price a stock that costs but
fraction of his sales price. The pos
slbility of tremendous profits appeals
to the emotional side Of the prospective
purchaser and he is quickly convinced
that he has started on the road to
riches when he "signs on the dotted
line" We think you will have difficulty
in obtaining more than 25 cents share
for this stock at present, unless you
wish to peddle it yourself. as there is
i no active market in tho stock.
Auto Stocks Speculative
Question - Would appreciate, receiving
Company stock; also OF the Maawo lI' Motors e1G
Glass B. In comparison to other popular
motor stock Els, Is it not reasonable to sup
| advance over period of six months to
year are good "A. L.
Answer-We must refrain from pre-
dieting the future course of any stock
in the market, even to the extent Of
saying that fair advance over period
of six months to year is q reason
able assumption. Hudson would IN
doubtedly attract more attention If
the management would give more de-
tailed information about the compnny's
past records. The company is a com
bination of the Hudson and Essex
com panies. We know what Hudson has
done in the past, but the earnings
record Of the Essex is a closed book
to every one except the few persons
who owned the stock prior to consol-
dation. Unofficial information published
short time ago was to the effect that
the new company had a favorable vol
ume of business on its books. We con-
slider Maxwell, Motors 3 stock more
speculative than Hudson.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1922-07-03

Liberty Loan Bonds belonging to Deposit
oct charge
Loans made on Deposrors Pass Books.
WAITER TRIMBLE, President.
LEWIS B GAW1RY. LIST Vice President
GEORGE Z. ROOSEVELT. Secretary,
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1922-07-03

Four full columns Of in
restment questions and an
swers uiIl be published in
The Tribune every Sunday
and Monday. On other days
one full column ,cilI appear.
The aegis & intelligencer. [volume] (Bel Air, Md.) 1864-1923, 1922-07-21
DO TT NOW

The man who ndvertiscs now ID nc
complishing great many things.
First, he " securing q deserved adj
vantage over his competitors. who do
not advertise. Besides this, he IN set
ting an example 10 the business world
OF courage and optimism. His adver-
Using IN saying TO his fellowmeB: II
know not what others may do, but NJ
for me and my house, I'm sick OF sit.
ting around and waiting. I'm going
aheadf"
OF equal--and sometimes greater
Importance " the fact that advertising
has reflex action. II makes the ad.
yertiser himself feel better Every
body IN the company, from TT 1resi-
dent down, including the statesmen, IL
bound to take new heart ct this eyi.
dence of positive effort. Everybody
Is about fcd up with defation, hard
times, retrenchment, cancellations,
closed factories, and calamity bowling.
For almost year we've been half.
heartedly crying, Let's gow But con.
ditiOns were oys The bnlngly against
US until reeentls reject any -Af Herent
now. This ti'E JEFEERY, TX
and really NJ Of cemmisisA \
Boston.