davidaulloa/AmericanStories huggingface dataset:
New-York tribune., 1922-09-18
Bond Has Limited Marketah;l;tv

Question.-on March l, 1922. suh-
ssr6sd son6 d, snoo SO for $1,000 sold aobentupe
proht sharing certificate at Sl1o icawinr
ssG Dn,anee aa to be paid in instalIinents Of
mSnth ,'SIit for ten months, 1 later found thagt
", Mhite t tnls rs society paid it's interest prompt
~ ioE the last eight years and While T
vas was nor ,i"u ~, no,tnng AGAINST them the BOND
10 10 go any further with my purchase. IIni
cent cep tne CON, contract they can keep 20 per
Which | would lose IL | do not go ON ar5
complete my payments [ have offerad
ste,v sfe PONG omd m for M sale Intending to immedi
put could not get an offer Womb ve;,
nus'ie .ha me to complete the purchase Of
ner reT PONG PONG ana ana take my chance OF the 10
usnt o on pond and per cent on the nrnHt :
19haring certificate) and hold a bond thai
the $22o now? If this is n good iTSs jnsssst oi
ment ON account of it's return seyeraI or
my friends are interested.-F x. o'c.
Answer-We advise you not to stop
payments on your Beneficial Loan So
ciety. To keep the bond or to sell it is
matter which you must decide for
yourself, but it would seem unwise
to take loss Of 1920 now simply be-
cause you cannot obtain bid for
the bond. We are informed by Clar-
ence Hodson & Co. that they will buv
back bonds of their customers who ara
unable to continue payments and that
IN addition they provide a market for
the sale of Beneficial Loan bonds by
those who do not wish to hold them.
interest has been paid continuously on.
the bonds since they We're issued and
pIoht-sharing disbursements of 5 per
cent annually have been paid since 19i6
II you feel you would rather place vour
funds in some safer and more market
able security, we suggest that YOU
apply to Hodson & Co. for bid on the
bonds. '''o
New-York tribune., 1922-09-18
Change Seems lnadvisahle

Question: own one $1,000 bond Chicago
Railways first Is. 1927. and would he
glad to have you advise me whether you
would advise the exchange OF this bond for
one of tho French municipal bonds SELL
per cent instead of per cent II you
would advice such change please recon-
mend one OF the French city bonds. I
don't want to sacrifice safety of principal
for the higher return. Would you advise
the exchange Of Pennsylvania Railroad
for safety and increased return ?--H. l.. W.
Answer-We do not advise the
change you suggest, since. in ou,
opinion, you would sacrifice an element
Of safety.
New-York tribune., 1922-09-18
Common Stocks Versus Bonds

asking about your
of that hhe
to
their catdt thont
iskiag inc vaae
the appeals to
exceptionally und dersad beyond tho fact Of
thsir non-saatabiy the imphcatn whom auy
repheble
including DeH
question Explain
New-York tribune., 1922-09-18
Wants Hfgh Coupon Bond

Question--Your Investment department
was called to my attention short time
ago and stree Then I have received A
great deal of advicn by reading its col .
umns. Therefore, ! would like reply
to my problem what IN your opinion is
bond selling at or around par? II. pos
sibe / want an per cent yield. Below
is list Of possibilities aDd, could you
suggest no better one. ! would greatly
appreciate your checking the best BUY
from point OF view q dependability.
Granby Consolidated Mining. SIneltinK
and Power Ss. 1925; Goodyear Tire an. and
Rubber rinklng fund SIS, 1881; Kelly
Springfield gold ss 1891; Packard MOTOR
Car Ss, 1881; Otis Steel SIS, 1951i Barns
dali So. Series II, 1871; Dimend Matcn
7las, 1895; U. S. Rubber 7As, 1880
10, G. v.
Answer--Of the bonds you list U. 8.
Rubber rs, 1880, and Diamond Match
7Ms, 1895, are good investments.
Kelly Springfield Sc, 1881, are fairly
good investment for business man.
The others contain varying degrees of
speculation. All are subject to redcmp-
tion before maturity except the u. ..
Rubber bonds.
New-York tribune., 1922-09-18
Oklahoma Power ss

Question: noticed in your very helpful
list of current prices OF "1922 Bond Gre
ations' that Oklahoma Power Company SIS
1852. of which purchased 81 600 at the is-
sue price of 90. are now quoted at ST. Have
you any information at hand to explain
this shrinkage il value? The other new
bonds | purchased this year have held
their own quite we'll. and this exception
to the rule has me guessing.H. y, X.
Answer-Thc price of 81 for Okla
homa Power 6s, 1852, as quoted in The
Tribune table, was the bid price for
the bonds as of that date. We were
unable to find report of sales at any
other than the Offering price of 81, SO
that 81 may be regarded as the cur
rent bid and not price at which
sales have taken place.
New-York tribune., 1922-09-18
Wright Aero Outlook

ouestion-You VIII confer on me very
joined inquiry at your earIv c0nveniones
II the columns of your valued paper
What. in your opinion. Is the value nov
or prospectively, of Wright Aero stock
which pays dividend of Is cents quar-
terly:-~P. MACE
Wright Aeronauticai stock
is currently quoted at 1915 bid, 1919
asked Earnings in 1921 were re-
ported equivalent to S2.66 a share
against $1.83 in the preceding year,
and on December 81, 1921. there was
surplus in excess of $3.50, 600 against
$368,000 at the end Of 1920 Net earn
ings in the first quarter of this year
were reported as S173,t,S, after allow
anceS for taxes
New-York tribune., 1922-09-18
Dislikes Foreign Bonds

Question--Your column has been of
great interest to me. WIN YOU please
comment on the following. which com
prise my entire iistr Stocks: 200 shares
of American Telephone and Telegraph. 100
shares Bush Terminal preferred, 100 shares
Westinghouse common. fifteen shares
Bethlehem Steel preferred SO. Ave shares
Louisville 4 Nashville Railway. s5 shares
Kentucky Jockey Club preferred. Bonds:
Three straus s1oe bonds, one Central steel
$1,000 bond, one Canada Federal Build-
ings Corporation, Ltd. 81, 900 bond.
have now about $4,000 more TO invest and
! should greatly appreciate uggsstion
from you as 10 its disposal. I DO not
care for foreign bonds. and Ia like 10 get
perN cent.--R. II. NJ
Answer We think you should add
two railroad bonds to your list, Great
Northern Is, 1896, and Southern Rail-
way 6ss. 1856, as we'll as public
utility such as Public Service Corpo.
ration of New Jersey 5s. 1889 These
bonds can be bought to yield an aver
age OF about 6 per cent. Your list as
1t stands is suitable Cor your purpose
we believe,
New-York tribune., 1922-09-18

Questions Of general interest to in
uestors toiu be dms,oered in this COLI
unia, in ,phich case only snitiuts uiH
be uaed. Others scill be dnstpersd by
mail. Address all inquiries, inolos-
ing stamped, addressed envelope, to
Financial Editor. The Tribune, f54
Nassau Street, Netc York City.
New-York tribune., 1922-09-18

to me--the moral and tic financial.
As to the first, it seems to me, that
Of tho holders of tho taUo distinct classes
Of securities, common stocks and underly-
ing bonds, the otoners of the first are
doing the greater service. There can be
no safe bonds or preferred stocks with
out some ones putting money into the
common stock. II is only the equity opev
ond above the amount of the mortgage
that gives tho clement of security to a
loan. Nobody soiN lend up to the fstll
ralnc Of property; somebody else must
carry the risk. Therefore, it scould ap-
pear that the holders of gilt edge seouri
ties arc specially behoiden to those Who
are srili'ng TO carry the risk Of an en-
terprise so that they mag be eofc
Moreover, as q matter of public service,
the man putting money into common
stocks as performing a primary neces-
sitg of industry, ,ohile the holders of
bonds. arc only performing secondary
function. 1t avouid be quite possible
for all capitalization of industry to be in
common stock; that is, that all eoho put
IN capital should share equally in risks
and profits; but it is impossible for all
capital to be an mortgage bonds. We
can eliminate the bonds and industrp
'o1H continue; bat If zoe eliminate the
common Stock-thdt IS, ii zoe con- find
no one soho as 7oilHng to carry the risk
Of an enterprisc-thcre aciA be no in
dast1y.
AS to the financial side, haze been
7oondering If one ,vould make more or
less, over series of gears, buying the
common stock of 1ocU run essential
and~stries or buying high grade bonds.
Situated here. as I am, scithout access
TO any records, it 7oould be impossible
tor me to figure the matter out; bit
presume that yon avould aoithout much
trouble ansarer the following question :.
Sappose thot beginning January 10,
!9ls, dad every quarter thereafter, one
had bought ten shares each of selected
Answer-There is a great deal
stocks as the media for obtaining a
OF years, taking the good with the
common stock and the per cent sinl
supported, for we find that in the te
common stock yielded an average of
January 2, 1912, whereas an investr
date gave yield Of slightly less
New-York tribune., 1922-09-18
American Tobacco

Question: have about So 900 10 invest.
DO you advise me 10 buy for part OF this
money six shares OF American Tobacco
Company Eli. Van NJ
Answer American Tobacco com
mon, reasonably good stock of its
class, would be suitable for portion
OF Your funds. With a small addition
to your capital you could add ten
shares of New York Telephone pre-
eferred.
New-York tribune., 1922-09-18
INQUIRIES shouId he slgnsd

Inquiries addressed 60 this deps.s. 3.
ment of The Tribune are fegafas.as. =
confidential, but to show the wI'.s. s !
good faith all should be signed ahs =
address should be inclosed fer sSR.,, ss
Letters frem the following are ss.ss
held for Identification "Wido~s = X
NJ, ] c., Mrs. A. w p,
r., nj. B., ], A. r., G. l. r., 1. @ M
L. NJ, r. J. L.. G. j.. O. T.. Mrs. ~ -
j. a. G., Mrs. NJ G. w and j. "
New-York tribune., 1922-09-18
Price of Unlisted asond

ouestion--In your issue OF septembe
8 you printed table OF bonds which
have been issued since January /. 1s2s.
ard ohrr TO furnish Information regarding
same, ] have some Southwestern Power and
Light IS, which ! note were issued at SO.
the current price being S. / have not
noticed any sales OF these bonds quoted
IN your daily haaneiai columns ! wili
appreciate II if you will give me the
hlghest recorded price I'll whlah these
IA. =. q.
Answer Southwestern Power and
Light 6s, 2o22, are direct obligation
of the company, but not secured by a
mortgage. Although the present offer
ing Is $s,0oo,o0o, the amount authorized
Is unlimited Outstanding prior liens
of this company aggregate Sto.79T 900.
PROBABLY you have not seen these bonds
quoted for the reason that they are
unlisted. Bonhright g. Co, quote these
bonds at 8S bid, none offered. We do
not know Of any sales taking place at
price higher than the Offering one.
New-York tribune., 1922-09-18
Federal Land Bank Bonds
Joint Stock Land Bank Bonds

Joint Stock Land Bank
5s, l95l-l931 ........ 1904 1oeA 4 IN
Joint Stock Land Bank
5As. 1e51-1s31 io3H 1osk 4ea
Joint Stock Land Bank 80
6s 1939-1924... ssX 1non sse
Chicago joint Stock Land ~
Bank US. 195i-193l. lo5x 10sn $50
Chicago Joint Stock Land o'
Bank 5s. 19a7-I940. ssX 1oex l7s
Chicago Joint Stock Land
Bank 5s. 1e5i-las1 lpaA Yoax AKA
New-York tribune., 1922-09-18

1922. e''oer =
1922. -
-tcalllssd for payment at 1914 October
15. 1924.
New-York tribune., 1922-09-18

Four full coImmns ol ~
Uestmens questions and a.''
sacers sciII be published %
The Tribune erery Ssiaday
and Monday. On other days
one full coissBan suiu appear
New-York tribune., 1922-09-18
Tel. and Tel. on Installments

Question: Would you kindly enlighten
chase 100 American Telephone C Tele-
graph shares at about 3k, would be en-
titled then to buy twenty shares Of Ameri-
can Telephone & Telegraph common at
par. How and when must the payments
be made on the stock? How long time
am I allowed to pay for the twenty
| ment? Does this new stock pay Q per
cent dividends? Also would you please
give me your opinion of Fisher Body OF
Ohio preferred as an invesrment.--J. i. C.
Answer: If you subscribe for twenty
shares of American Telephone and Tele-
graph stock you may make payments as
follows: $4Oo on November /, $500 on
March / and $500 on July /. The
stock receives dividend of per cent
on 500 par and is good investm ent,
although containing the elements of
all the better grade common stocks
which represent the business risk
Fisher Body and Ohio preferred stands
among the second grade preferred
stocks and is suitable for. anyone who
is in a position to keep informed re-
garding developments in the company.
New-York tribune., 1922-09-18
Reasonably Good Bond

Question--What Is your opinion OF North
american Edlson bond. series A. per
cent. is62?--Mrs. D NJ
Answer--North American Edison es..
1852, are reasonably good Investment
security and suitable for your purpose.
we believe.
New-York tribune., 1922-09-18
Figuring A. T. and r. "R;ghts'

oueston-As a reader of The Tribune
!, , venture is TO ask some questions which
the owner of 200 shares OF American Tele-
phone and Telegraph stock, and, of course
am ar. entitled to 200 rights to subscribe to
have sold lower Immediately after the
announcement OF the new financing? Why
90 the rights sell for about 3ts. or 17B
1oI fNeE II seems to me thai they should
sell for one fifth of the difference between
par and the market price; that is. about
when do dividends on 1t begin to accrue
ana Ia there any provision for interest
until the stock Is fully paid for? Do you
not think that it would be advantageoue
present prlces?-v r. T.
Answer-In figuring the cost of
American Telephone and Telegraph
stock purchased through the medium
of rights or direct in the open mar
ket, you will find there is only a
slight variation. For instance, to pur-
chase one share you would have to buy
five rights at, say 31a. or $3.50. The
new stock will not receive the div.
dend to be paid October 16 to stock
holders of record September 20. which
should be subtracted from the price of
the old stock. This difference amounts
to almost $2.25 now and will become
more apparent when the old stock
sells "ex-dividend" September 20. In
the adjustment Of dividends and inter
est the subscriber will be called or
to pay, if payment is made in full No
vember 1, par plus S2.75, total Of
Sl02.7b a share. The new stock would
cost $12o.25, therefore, and the old
stock, minus the dividend to be paid
neSt next month, would sell at about
Sl1o'9o; The new stock will be ready
for delivery November / if payment
in full is made at that time. Sub.
scribers have the option, however. OF
paving 20 per cent then, 40 per cent
terest on such payments to be at the
rate of 6 per cent. On final paymen1
there will be an adjustment of divi.
dends and interest and stock will be
delivered to the purchaser. There is
an advantage in buying the rights in
that payments made be spread ovel
several months, but the subscriber re,
ce1ves only per cent on his funds
until payment is made in full
New-York tribune., 1922-09-18

FIN. Rate. Maturity Bid. Ask Yield
Cl icago Joint Stock Lard
Bank IS. 1952'32 ..l03 l02a 458
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1922-01-28
FIRE FIGHTERS
|, An0ekV|L[E:,..
, HEAR REPORTS
Volunteers Well Organized and
Complete Equipment Has Been
InstaIIed-Smoker Planned.

ROCKVILLE, Nd, Jan. 28.-Ac-
oording to reports submitted at q
meeting Of the organization Wednes-
day evening, the Rockville volunteer
fire department, organized less than
a year ago, 10 in q nourishing condi-
ton. The half q hundred members
composing the three companies are
said to be much interested, all meet
in satisfactory shape.
The statement OF Treasurer +.
Bache Albert showed that more than
81. 200 has been raised, and that the
axpenditure were for installing a fire
alarm system, the purchase OF fire
hose and other equipment, sub
stantial payment on the fire truck and
Inump recently purchased at q cost
- about $500. and repairs to fire
Ifixhting apparatus.
Arrangements are In progress for
holding q smoker in February. and
Wilson 8. Ward, chairman OF the
|conmittee Of arrangements, has also
begun getting ready for the big
carnival to be given on July T.
Emory Ricketts,, Of the vicinity of
Rockville, believes he owns the prize
{nflk-eiving COW Of the county II not
lhe best in the State. 1t 10 an eight
vear-old registered Holstein, by name
fHaidee Rag Apple" and Is OF aristo-
ratic breeding. A day or two ago, at
hree milkings, this remarkable animal
ave ninety-eight pounds, or some
hing over twelve gallons, milk OF
xcellent quality. -.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1922-01-28
QUAKE Theory
. CORRECT, SAYS
noted SAVANT
Rev. J. s. Ricard, padre Of the
Rains" Believes Science May
Forecast UpheavaIs.
BY CHARLES N. BODEN,
International News Service.

SANTA CLARA UNIVERSITY, Cal.
Jan. 28.-The theory recently an
nounced by Prof. A. c. Lawson, of the
University Of California, that earth
qual<es can be predicted In much the
same manner that weather conditions
are forecast. was endorsed today by the
Rev. ]. 8. Picard. director of the Uni
versity of Santa Clara observatory. IS
''magnificently and thoroughly .scien.
tific." Father Ricard. a noted astron.
omer and seismologist, said in q state
ment that in the long run the theory
win doubtless prove a success.
1T will be long, hard process"
said the padre Of the rains 1T In
a question Of how much Of q change In
latitude Ia required for an earthquake
and how much experience can be de-
pended on for an exact date. I am
greatly pleased with the announce
ment of Prof. Lawson that geolo-
gists are coming to the front and meet.
ing the astronomers on the half way
line. where hope there will be no
needless friction. The astronomers. who
barely know the ground on which their
feet rest, have long ago announced an
experience supporting their. views, say.
ing that earthquakes occur when the
sun spots are astride the central
Father Richard. who IL q warm sup
porter Of the sun spot theory, believes
that the little holes in the sun win
have something to do with the fore
casting of earth disturbances.
Prof. Lawson's theory IL full
Of scientific anticipation" he said.
by measuring the creep Of the earth
(the Lawson method II il possible to
announce where q sun spot will, az 1t
were, fire its gun and bring about ut
a certain date q seismic disturbance.
It would take long time of experiment
tation to tell when II would occur. 1t
happens daily. some place, just as sun
spots will pass the Meridian every day
Of the year. e.. 20 s..
1.-THE officer in charge Of q central
observing station might say that next
May Is there will be an earthquake In
Guatemala. or Asia or Alaska, but Q
few years win elapse bsfore any nor,
NAL observation canstalge place.; r.,
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1922-01-28
.LUA[D| MAY BE
CHOSEN AS POPE
IN .COMPROM|SE
II Deadlock Occurs ParIsrmo
Cardinals Chances Appear
:. -. To Be Best.

ROME. Jan. 2s.-Cardinai Alessan.
dro Lualdi. Archbishop Of Palermo.
may be selected as compromise can
didate In the papal election at tho
Vatican next month in the event OF
an unbreakable deadlock, It was learn
ed today from an eminent prelate Of
the Roman Catholic Church -.
It ID reported that negotiations have
been conducted between the factions
headed by Cardinal Merry del Val and
Cardinal Gasparri, but without any
result. The adherents Of Cardinal
Merry del Val are known as the ''ir-
reconcilables" and are opposed to rec
onciliation between the Vatican and
the Quirinal The followers OF Car
dinal Gasparri, the papal secretary Of
state, wish to continue the policy Of
the late Pope Benedict XIV.
The names most prominently men,
TONED, aside from the possibility Of .
dark horse" follow in the order
named;
Cardinal Maffi, Archbishop Of Pisa:
Cardinal Ratti. and Cardinal laurent.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1922-01-28
TWO IDENTIFIED
. ASP|TTSbURGH
!: !. BANK ROBBERS
Arrested Men Picked From Ten
Suspects In Cleanup" OF
Crook District.
ny I.tern.tisnsl Nov, Service.

PITTSBURGH. Pa. Jan. 2s.-wal-
ter Joyce. twentyaseven, of Pittsburgh,
and oren Graeme, twenty-five, an &C
tor Of Marietta, Ohio, were identified
today as two Of the five robbers who
held up the First National Bank Of
Grafton Friday. Ten suspects were
among q large number Of prisoners at
the morning stand UP" at Central
police station. ....
Joyce was identified by two en-
ployes and the president of the bank.
Graeme was identified by the bank
building tanitor AZ the man who
climbed over the cashiers cage Both
these men are being held for further
Investigation. In a statement issued
at 10 o'clock today the bank an.
nounced thorough check up had been
made, and that about Sc in small
change was missing. y
Orders were out today at every
police station to "clean UP" the town
as result of the robbery. The police
were paying particular attention to
the former disreputable district OF old
Allegheny, more Familiarity known a.
little Canada" which for years was
the hang-out Of all sorts Of crooks.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1922-01-28
FARMERS BLOC
Opens BATTLE
F0RLADDb|L[
Serious Clash Expected IN SEN
ate Over Government Control
of Foodstuffs Prices.

A serious clash between the agri.
cultural bloc and its opponents over
Government control Of crop prices
doomed today In the Senate.
with the Senate Agriculture Com.
mittee hearing Spokesman favoring
Immediate action by the Government
in stabiiixing values of farm products,
opponents Of the proposed legislation
were organizing their Forces 70 COM
bat It whom tho Ladd bill reached the
floor. OF the Senate.
Members OF the agriculture bloc
have gone on record a. favoring the
I.add bill as means OF preventing
agricultural Bankruptcy. They declare
the measure will restore confidence to
farmers and open markets for crops.
|, Opponents OF the bill charge II with
being paternalistic. They point out
that price control would precipitate
the Government into the business Of
marketing crops in composition with
private organizations. They also
charge II Ia undemocratic and con-
trary to our form Of government.
On the other hand. the bloc con-
tends that agricultural interests. now
undergoing a terrific depression, will
be completely ruined unless the Gov
eminent takes drastic steps to stabi-
lie marketing conditions.
The Ladd bill. according to indica-
tons today, viii be supported not
only by members of the bloc but by q
majority Of Senators from Southern
States. where cotton-crop failures have
seriously endangered banks and credit
associations. Several Western Sena,
tors also favor the measure II wool IL
included.
It has been pointed out that the
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1922-01-28
HUSBAND STABS
PHYSICIAN WHEN
WIFE CONFESSES
Attacks Chicago Doctor With
Penknife In His offics--Not
Seriously Wounded.

CHICAGO. Jan. 2s.--Howard willis
Is held by the police today. charged
with stabbing DIR. M. II. Fash. who.
Willis says, was named by Mrs.
Willis In q confession made TO him.
The alleged attack occurred in DIR.
Fash's office. Although painfully
wounded. It 10 expected DR.. Fash
will recover.
Mrs. Willis. according to Willis
version of the confession. had been
a patient Of the physician for the
past eighteen months and several
before her baby was born. After the
birth Of the baby, Willis said, his
wife continued to take treatment from
DIR. Fash.
During this time, Willis declared,
his wife gradually came under the
doctors hypnotic influence. Finally
his wife confessed, Willis said. and
asked his forgiveness.
Willis went to DIR. Fash's office,
IT In alleged, and attacked him with
a penknife.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1922-01-28
MOTHER SHOT BY MAN
CALLING ON DAUOHTEE

CHESTER, Pa, Jan. 2s.-ConstabIe
Reed, Of Essington, is looking FOR a
man said to be Bert Snyder. CHARGED
with shooting Mrs. William Hitchins.
The woman refused to let Snyder cali
on her nineteen-year-old daughter.
The mother says the man 10 married.
The police say Snyder met Miss HIT
chins In Philadelphia, where she is
employed as a manicurist. The girl
informed her mother that she had
learned that Snyder. was married and
said she wished to break off the rcla.
tons. The mother agreed and tried
to refuse to admit the man to her