davidaulloa/AmericanStories huggingface dataset:
The Cordova daily times., 1922-01-19
Would Give Press
 Unrestricted Use
 Of Naval Radios

WASHINGTON, Jan. 19.-The Sen ate naval committee has favorably re- ported the PoindeXter resolution which would give newspaper press as .ociations unrestricted use of naval radio stations for transmission of news until June 30, 1927.
The Cordova daily times., 1922-01-19
Noted Violinist
 Dies From Poison

PARIS. Jan. 19-Mrs. Thomas Stew art Ryan, noted American violinist known as Audrey Creighton, died to- day as the result of poison tablets taken several days ago.
The Cordova daily times., 1922-01-19
STRIKERS ARRESTED ON
 CHARGE OF PlCKETINC

DENVER, Jan. 19.-Twenty strik- ing packing house workers and sympa- thizers were arrested at the gates of the Denver stockyards yesterady on charges of picketing.
The Cordova daily times., 1922-01-19
ROLLING PIN Rours BANDITS

TRENTON, N. J., Jan. IS. - Mrs. Isidore Jacobs, wife of local store keeper, who was ordered by two bandits to throw up her hands, grabbed rolling pin and routed the bandits.
The Cordova daily times., 1922-01-19
MILLION IN
 BONDS STOLEN FROM POUCH

ELKHART, Ind, Jan. 19.-Securi- ties said to be worth $500,000 were taken from a registered mail pouch at the New York Central station here last night, according to reports made to the local police. A packet of bonds that had been in the pounch was found beside ventilating grate at the post office building. It is said the amount ed to about $10O,OO0, but were non negotiable.
The Cordova daily times., 1922-01-19
ALASKA FISHING BILL READY SOON
Cold Wuue in Northwestern States Spingi1g East
Dr. Smith Resigns
 As Fisheries Head

WASHINGTON, Jan. 19.--Dr. Hugh M Smith, commissioner of fisheries since 1913, resigned today after thirty six years service with the bureau.
The Cordova daily times., 1922-01-19
RECORD COLD AT PENDLEToN

PENDLETON, Ore, Jan. 19.-East- ern Oregon is ill the grip of cold wave, with Pendleton having weather of 21 degrees below zero, which is called a record.
The Cordova daily times., 1922-01-19
NEGRO coNFEssEs THEFT

ELKHART. Ind, Jan. l9.-Dan h. gram, negro truckman, today con- fessed that he stole the mail sack yes terday which is alleged to have con tained half a million
The Cordova daily times., 1922-01-19
MoDERATING IN OREGON

PORTLAND, Jan. 19.-The cold wave continues throughout Oregon but today there are indications of slight moderation.
The Cordova daily times., 1922-01-19
WARMER AT SEATTLE TODAY

SEATTLE, Jan. 19. The wind hauled around to the southwest today, causing rising temperatures. Snow IS general throughout western Washing ton
The Cordova daily times., 1922-01-19
COLD WAVE REACHES CHICAGO

COLD WAVE REACHES CHICAGo
 CHICAGO, Jan. 19.-A cold wave bearing snow is reaching eastward from the Rocky Mountains, causing what is believed to be the coldest weather since 1909. In Washington and Oregon below zero weather is re- ported and in other western states the coldest spell of the year is predicted.
The Cordova daily times., 1922-01-19
C0LDEST DAY OF SEASON HITS
 SEATTLE

SEATTLE, Jan. 19.-The thermom- eter reached 16 above zero here yes terday, registering the coldest day in two years. The entire Northwest and Rocky Mountain region is gripped in the cold wave, Eastern Washington temperatures ranging from 12 to 15 below zero. At Denver it was 4 be- low, in Montana from 10 to 20 below, and at Portland 16 above.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1922-07-17

Question: have $4,000 20 invest and
would Ike your advice about Investing 70.
n D. my only Income. fo would liAe as
high rate % interest as o. consistent
with safety 90 principal I do not caro-
90 speculate. / want only a steady income.
ss / Frow nothing Of Investing money.
thought you would kindly advise mo-
Mrs. ". y. ".
Answer-In choosing securities 20
meet your requirements we have
omitted any gilt edged bonds. including
in the list bonds Of average good char
actcr. We suggest $4,000 principal
amount Of Canadian Northern r., 1910,
yielding about SO per cent; 81. Louis
San francisco prior lien D.. 1850.
yielding about G per cent; Duquesne
Light Gs. 1919, yielding about 5s per
cent; General Electric 6s. 1870, yield
ing about 55 per cent; United States
Rubber IS. l9s7, yielding about So
per cent; Chicago Union Station 6ias.
1868. yielding about Sc per cent; State
Of Queensland Is, 1871, yielding about
g. per cent, and 81 900 Kingdom Of
Denmark 6s, 1912, yielding about 6.2
per cent; twenty-five shares Of New
York Telephone Company ca per cent
preferred stock, selling around i05, and
twenty-five shares OF Pere Marquette
prior preference stock, selling around
II and paying a per cent dividend.
All combined, these securities would
cost a little more than $4,000. We
think they are all suitable for your
purpose.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1922-07-17
French Bonds Not worry-ProOf

oueatlon--T would appreciate very mueh
7 ~ you would give me your eltlc' on ~
I following: 7 am holding A,P.' es.h 2,
] tho following. Great Northern, Republic OF
chile Republic q France. Puget SOUND
IArht and Power. American Power ana
Light Company. Cuban IeleErnph Dorn-
pany. $4,000 Empire Gas and Fuel, 'l.-9V
American Telephone and Telegraph com
mon. DO you consider these reasonably
safe Investments or would you advise sell
INK any Of thcm7 II 70. kindly suggest
something % buy an a man over
seventy and DO not cara 70 hold an IN
vssfmcnt that may cause worry and loss
Il. ". 3.
Answer-We would not 90 so far as
| % state that any OF these bonds arc
destined TO cause you loss, but we
understand from your letter thai you
want 10 remain immune from worry as
we'll Bonds like the French Govern
ment SIS are, as we have repeatedly
polnted out 20 investors, reasonably
l sound. but there are so many posi-
/ bilitics Of a disturbance OF the market
/ for French bonds that we would not
l class them as exactly worry-proof.
! Your investment on the whole Is not
we'll balanced. containing as - does
/ $1,000 face value Of public utility Sc
| euritics. $4,000 Of foreign bonds not
Of the best grade and only $1,000 OF
railroad bonds. You are asking a great
deal moro income than is compatible
with freedom from worry. The Puget
Sound Power and Light 7iss arc a
good investment, but they are eallable
nj any time AZ a price approximating
the present market value. The Ameri-
can Power and Light SIS are also call
able NJ the present market nrice. We
think it highly improbable that these
companies will allow themselves 20
remain burdened with high interest
charges any longer than is necessary.
II Is safe 20 assume in any event that
the bonds will not advance FAR beyond
the price at which they arc eallable.
n YOU think well Of the suggestion
we propose that you exchange these
bonds for Pennsylvania Railroad Gas,
due 1896. selling recently 70 yield
about SO per cent. and United States
Rubber 5s, due i9s7, selling recently TO
yield about 5.8 per cent.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1922-07-17
American Water Works

Quesiion-In 1919 sold property and
was advised % invest same IN thirty shares
~ the FIRST preferred az sTn and twenty
shares ~ the common nj 60 81 tho Ameri-
can Water Works and Guarantee Com
pany. A few months after ~ went IN the
reconciliation fl.260. making an invest
mcnt n $3.50. As am depending en-
tireiy on my income for living II was =
great iors 20 me-. notice u Il now listed
on tho stock Exchange and advancing In
price. n 7 sold now I could get about one
half % what ! put IN back. or would you
wait awhlle7 r. Lchigh Valley Railroad
Company ~ per cent general Con.
bonds zoos perfectly safe investment7-
c.. r. ~
Answer-After the recelvership sale
In 1914 the company assumed the name
OF the American Water Works and
Electric Company. In view Of the fact
that you have held these securities for
a long time we would not advise their
sale, now that the company Is showing
a moro gratifying improvement in
earnings. Although IL Is contrary 10 our
custom 10 make any suggestion that
might be construed as a prediction on
the future market action Of stocks, II
Is quite obvious that continuation OF
this improvement would be reflected In
the market price Of the stock. We
think that in time you should dispose
OF the common stock as being entirely
speculative, but whether 10 do so now
or wait for a further recovery Is a
question which you will have 20 decide
for Yourself
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1922-07-17
What Of French Bonds!

ou.stion-r hav. 81 900 French S. $4,000
French 7Is. 1900 Belgian q, 1879 t,vvv
city Of Lyons. 1900 city OF BORDEAUX.
Would you consider Il adyisao'e 20 hase
strengthen my Investment position7 IL 80
kindly advise me what changes 10 make
that viii involve the least loss OF Income
"A. T. ".
Answered. these five bonds repre-
sent 100 per cent Of your investment
we must point out first that you have
failed to diversity your risks. You
have $4,000 principal amount invested
in France and $4,000 in Belgium. Al
though we believe that these countries
and the two cities will honor their
obligations, IL is not advisable sor
any investor 20 have all his funds
tied up In the securities OF two coun.
tries, which are surrounded By political
and economic unsettlement. You would
have enough az stake after dispoSsng
of the French SIS and the Lyons and
Bordeaux bonds, and, accordingly, we
suggest that you carry out these sales
In addition, reduce your holdings OF
Belgian 6s. This latter bond 10 not
selling strictly on an investment basis,
but reflects the value, real or prospec.
tive, OF the exchange selling privilege
We suggest as suitable substitutes for
these bonds some such securities as
New York Telephone preferred stock
paying per cent and selling around
los; United States Rubber IS, due lsl7,
yielding about 5.s per cent; Missouri
Kansas & Texas prior lien IS. due 1862,
yielding about CO per cent, and Ameri-
can Telephone and Telegraph stock,
paying per cent and selling recently
around 100.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1922-07-17
Present Holdings Are Rest

Cuestlon--I am considering buying ten
shares each Fisher Body OF Ohio preferred.
ten shares Texas QUIZ and ono 1900 bond
each Empirc Gas and Fuel and Argentine
l viii walt FOR your advice before buy.
have now ten shares each American
Telephone and Telegraph land also have
subscribed FOR their new Ga per cent
prcfcrred); ten shares each American Ice
preferred and Pacific Gas and Electric, also
$4,000 IN Liberty bonds Are these hold
ings o. K.f Was there any particular
reason for the drop In Fisher Body OF
Ohio preferred from ioi 70 STD. r. W.
Answer-we prefer the grade Of
securities that compose your pres
ent holdings 70 those you suggest pur-
chasing. There is speculative fea-
ture 20 both Fisher Body Of Ohio pre-
ferred and Texas Gulf Sulphur; Ar
gentine Is are the best Of the South
American issues; Empire Gas and Fuel
7iks we consider second grade. We be-
lieve you would do better TO accept a
return Of about ~ per cent, for which
Pacific Gas and Electric Is, 1912;
United States Rubber 5s, 1947, and st.
Louis & San Francisco IS. 1895, meet
requirements as 20 soundness. The pre-
fcrred stock Of either Atchison, Endl-
cott-Johnson or American Ice would be
suitable. The decline in Fisher Body
OF Ohio preferred was largely because
Of the fact that on June 81 the stock
sold "ex-dividend" s per cent, the
amount Of accumulated dividends de-
elared payable July L
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1922-07-17
Investment and Speculation

ouestion--I would appreciate very muen
n you will let me know what you Nouisu
advise me 10 do IN the following lnsss,,
mcnts. Ton shares American AgricvltIIA,
Chemical Company preferred, Tor when
paid IS. They have not paid dlNiaenps
since April 10. 1891. They are now quoted
NJ C5. Twenty shares Missouri kansas =
TEXAS preferred FOR which ] paid u,tvg'
They have not paid diyidcads since lllg
In the reorganization We have the PRIV,
lego OF paying $40 q share. j have paiu
two instaliments and expect 10 pay inc
remaining two. what are the prospects
81 my realizing anything on an Nssvo
Inv-stment7-M. W. A.
Answer-Undoubtedly, at the time
YOU purchased Missouri, Kansas q
Texas preferred. II was regarded as a
reasonably sound investment. as II had
paid dividends for n number Of years
AZ the rate Of per cent The time
10 have disposed Of your stock was
when II ceased paying dividends but
having held II until now your invest
ment has become a speculation. Amer,
can Agricultural Chemical preferred
is in the speculative class also, and
as any expression Of opinion would be
in tho nature Of forecast We are not
in a position 10 advise.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1922-07-17

A simple illustration OF how a profit
is made by the purchase Of securities
which are held for n higher quotation
will help 10 render this discussion more
concrete. Suppose you purchased 100
shares Of United States Steel common at
80, costing $1,000, and later sold them At
100. or $4,000. Eliminating the cost Of
brokerage and taxes, you would make a
gross profit Of 5000. You ask who pays
this proht-the corporation or the mar
ketl No one necessarily pays this
profit in the sense Of an individual los
ing an equal sum. The enhancement
may represent an actual increase in the
worth Of the properties through dis
eovery OF new iron ore field.
In the foregoing example you would
have made n profit by selling out your
virtual partnership in tho business Of
the Steel Corporation for 5000 more
than your interest cost.
Market fluctuations for It's securities
DO not affect the corporation In direct
monetary way nor do they have any
immediate relationship necessarily 70
the asset value represented b. its phys
zeal property. On the other hand, there
is psychological effect. High prices
for a corporations shares tend 20 help
ia credit and 70 make future borrow
Ing easier. Conversely, extreme de-
preston OF It's shares may react I'M
fAvornbly on It's credit standing.
Under certain conceivable conditions
an increase IN tho market value OF
shares which you hold could bring you
a profit without causing a correspond
ing loss. More usually, however there
Is a two-sidcd position in the market
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1922-07-17

oue,,ion-soms time sgo I plrchsss,9,
soma bonds on your advice. ana would
sppreciat- n n can again impose or
vogr good nature. I own the followink
jist Of securities: New YORK ElIron
New York Telephone, oregon shoit i ,,'
cohoes Power and Light. columbus nas
and Ei.ctric. New YORK Central. kinflohi
~ peieiun. N.w York Central hhlI.,,.1i
stock. United states steel common. p ~
YOU please crisciEa this list ana az ~
snv changes that you think wpllu ~.
NOV. IN Would Ike 10 secure per o'I.
i,terest n possible. but desire hltn 49,,
,nv,stment. Understand that sew ,,leI.
Central bonds have been called Wn11'
shaii I buy IN place OF them Nv, y Aep
Answcr-Wo SEQ no reason lot mar
ING any change in your list Of invest
ments aside from the permanent IN
vestment Of the funds you have IN New
YORK Central rs. We suggest that gov
substitute a Pcnnsylvania Railroad "a
per cent bond, due 1896 and selling re-
Gently 10 yield about so per eent,
these bonds are not callable before
maturity. You might also consider
bnvln0 the new issue Of New YORK
Central IS, due 2Ol3, and offered 70
Weld 81 per cent. The z per cent
bonds are being accepted at lo5 in pay
r,ent for the S.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1922-07-17

with bulls hoping 20 profit from in
creases in prices and bears expecting
20 make money out OF decline. Gains
for the bulls arc losses for the bears,
and vice versa. But you must remem-
Der that the market is continuing
economic activity, drawing 20 itself
buyers and sellers at every rung on the
price ladder In tho ordinary market
profit taking and the establishment OF
losses arc going on steadily as prices
vncillAte, bringing success 70 some and
failure 70 others. insufficient capital
often makes Il necessary for speoula-
tors on. margin 20 take losses against
their own judgment
Another factor which We have not
yet discussed Is tho cost Of speeula-
ton. The broker receives a commits
sion for every sale from both the buyer
and the seller. the national and state
governments collect taxes on the trans
action, and IN case OF purchases on
margin tho customer must pay interest
charges on borrowed funds. Some
critics Of the market think tho speeula-
tive machinery eventually sucks up tho
funds Of outside spectators, and Edwin
Lefevre, who holds this extreme view
writes nm annual article for "The Sat
urdav Evening POST 20 prove this
thesis.
The value OF the road, equipment and
improvements on leased railroad prop
critics Of the Erie Railroad, according
70 rs report FOR 1921, is 'a47'6AS'soo'
The funded debt IS ;25s,77s,55o. The
road has 2,25s miles Of main track
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1922-07-17
Outlook for Chicago & Alton

ous.,ion-Reading with Interest your
financial column, I write 20 inquire whe iheF
n would 30 wise 20 cell Chicago Alton
az per cent bonds. selling around ~ tnht
were bought much higher. considering ne
last statement. I am aware o. the strategic
position o. tho road. which might eFentp-
ally work out IN IT, favor j.
Answer-Outside Of the assistance
received from the government during
the period Of Federal control the Chi.
cago & Alton has earned Us fixed
charges in only one Of the last ten
years. That IS one side Of the picture
On the other side IS a quite remark
able recovery in earnings In the last
few months. II the Chicago & Alton
continues 10 improve or even keeps the
same balance between income and ex-
penses that has prevailed since the be-
ginning Of the year, interest charges
FOR the calendar year viii be covered
by an ample margin. II safety OF
principal and certainty Of uninter-
rupted income are primary eonsidera-
tions with you then you should not
hold these bonds.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1922-07-17
Oil Facts Collected
In New Book on
Mexican Pete
Editor Refers in Sarcastic
Vein to 50, 438, 900 Value
Put on Company's P5ar
erty by Ceologist i'm 1911

The Pan-hmeriean Petroleum AID
Transport Company, in SIS new bosf
Mexican Petroleum. has Develops
under the supervision Of The editor, w.
J. Archer. n multitude o. facts Isssre'
ing the oil industry not only n Nens'
but in other parts Of the earth.
Reference Is made TO the oft-repsa'ss
statements regarding the future Oh
supply OF Mexico, and particular a'tsn.
ton is paid 10 one Of the most recess
books dealing with this subject "
Joseph l.. Pogue on the Economics o.
Petroleum" The author has a ehspuff
on "MeSico as a Source OF petroleum
in which is an estimate by kailh ~
mold, former government geologisi,tas.
"the proven oil reserve % Mckee ~
the end ~ 1920 is between S0o,O9VW
and .00.000c00 barrels
The editor % Mexican Petroleu.
refers In sarcastic vein % The value v
81, $4,000 placed on the Mexican fsue
leGm Company's properties by M
mold in 1871 as a truly modest -
seeing that during single monu'
December, 1921. 7.524.s3s barrels OF "
were taken from the companys weHs:
"lf Mr. hrnold's present-day preat
tions." continues the editor, BE read -
tho Light OF his predictions o. ten yea
ago, 4. will 10 evident that undue ess
hdcncc need not be placed in his ms
DDS or figures. Mr.. George OTIS Sm
director Of the United States Ceolosh
Survey, puts the proved area OF ~
lean oil felds al about 10000 squs
miles. with resources OF 4,bOO,OOV'W
barrels and the potential output OF ~
proved territory az 1880. 900 900 baryfE
a total estimate Of $3.50 100000 BARR
or q supply adequate for forty-W
years az the 1920 rate Of export" !.
The book points out that there Is w
tie probability Of the worlds petrole,
supply becoming exhausted during w
present century. Representations tn.s
Mexico Is the largest producer OF "
are declared 20 be erroneous. althor1
encouraged by the unprecedented ylse
OF individual wells. l. is stated thc<
acre for acre, the Baku fields In Russ
still lead the world in production.
Rumania Is said TO furnish anothc
example OF an extremely rich neie
There an area OF about $50 acres, .
Moreni, has In ten years given 30,0oo'
900 barrels. or about 226,000 barrel
ar acre. Cerro Azul, which has bee
one OF the most productive areas q
Mexico. IL is pointed out, would ~
quire a production Of $3.50 .00o, 900 bar
rels to make IL as productive az Bibt
Eibat, In the Russian fields.
"Cerro Azul," says the author q
Mexican Petroleum." "has an area d
about 10000 acres. and Il would re
quire a production OF over 2.25o,0oos
900 barrels TO make Cerro Azul as pro
ductive as Bibi-Eibat. No deduetios
Is made from this about the probable
yield OF Cerro Axul, but the fact Il
established that Cerro Azuls produe
tion Of o4,ooo,000 barrels. IL condition.
were similar 70 those Of Bibi-Eibat
would not imply a drainage Of NOR
than $50 acres. or II the sands resen
bled Moreni, . drainage Of 40 acres
and about 1900 acres II the condition,
were similar to GaliciaP
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1922-07-17
Wants Market Information

oueation-wouid you advise tho pur.
chase ~ this time Of Sterling Products ?
Have you any Information on the stock ?
AZ. u.
Answer-We consider Sterling Prod
uets common stock an investment suit
able for business man, but that opin-
ion apparently Is not what you are
seeking. You want 70 know whether
We have any information that would
lead us 20 believe that a movement Is
likely 70 take place In the stock and
whether this is the most advantageous
time 10 buy. Advice Of this kind Is en-
tirely outside the province Of this
column.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1922-07-17
n. Y. Telephone Preferred Good

ouestion-As have $1,000 70 invest.
what do you think Of tho American Tele-
ferred. Just issued. and also the =. w.
straus bonds which are paying sh per
ccnt7-M. $.
Answcr-The preferred stock you re-
fer 70 is that OF tho New York Tele-
phone Company and not the American
Telephone and Telegraph Company.
We consider this stock good invest
ment and suggest that you purchase
ten shares Of H.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1922-07-17
For n Woman's 60 zoo

oues,ion-wnl YOU Do Lind enough 10
give mo some advice about investing 81. 500 ?
] am a single woman. little pas, nifty.
wei aud active. and able 10 support myself
pleasantly without drawing on the income
from small investment which I can
dare. This year, owing 20 tho
sale Or small property. / have the
sum ! have named. Naturally. I Ike as
high rat. 81 Interest as can be safely
ohiaincd. What Is your opinion OF tho
following; Kingdom Of Denmark. New
York Steam Corporation (Nat. City Com
panyl ST. l.ouis-san Francisco prior lien.
Northern Ohio Traction and Light Com
ranyf ] already have American Public
Service Company, swedish gold bond o.
southwestern Power and Light Company
b. and several thousand dollars in West
ern farm mortgages that have paid per
cent Tor ten years. 7 should Ike 10 take
the Danish and tho New York Steam bonds
n you approye.-C. J. ~
Answer-Your present investments
are good. and all those you mention
as prospective purchases are reason
ably sound. We prefer the 81. Louis
San Francisco prior lien Is and the
Northern Ohio Traction and Light 6s,
but see no objection 20 your taking
the Danish bond in place Of tho latter,
as you already have two public utility
bonds.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1922-07-17
Who PAYS the Profits of Spectators?

Oueso-WH please advise about the following q"csonS'
n ANYBODY makes profits pays the profe corord-
ton Besides ge tho roon figures and mo tod'
Eric Railroad The Eric from New York through
Cogo hop many Of through that dstrctg-G A.
Answr-Poft in which you the word, represents
purchasing security and then rng It at higher quota
short SALE selling shares which do not own
borrowing them from third person your obligation with the
chaser buying them subsequently lower quotation than the
which made the SALE and payng tho lender To be real
rrof through purchase Tentative
profits paper profits the parance Of Wall Street cannot be
regarded genuine gains because future market fluctuations may