davidaulloa/AmericanStories huggingface dataset:
New-York tribune., 1922-08-28
One Change sugxested

Question--Your criticism Of the follow
Ing bonds and stocks will be much an
preciatsd Baltimore & Ohio Sc, 1875:
i94I: Northwestern Bell Telephone ~
ls4i; New York Telephone SIS, 1871; stan,
dard OIL OF California 7s, 1881. Western
Union aiss, 1895. The stocks: America -
Telephone & Telegraph, United stntea
Steel preferred. Would you advise maxim q
any change in this lat? Would aiso iins
to know what other stocks or bonds yon
you'd advise me In buying Mrs. b
Answer--There Is only one sugres-
tion which we are prompted to make
after looking over your Investments,
Your position would be strengthened
by exchanging the Goodyear Be- for
New-York tribune., 1922-08-28
changed when there o

""' CHaHEeu When there
arose q demand for properly bal
anced budget. AS result the finan-
ciai condition of France has improved
materially. We believe in the integrity
Oh the French government and people
and rate French external bonds as
sound but not necessarily immune
from periodical market disturbances.
concurrent with unfavorable political
and economic developments. Belgian
bonds are in much the same class aa as
the French. '"''e eiaSs az
you ask about Switzerland. NORWAY
and Sweden in particular. We bniS
mat the bonds Of these three conn
tries, together with those of DenmarL
shu holland, rank next to the external
opEgatlons of Great Britain. Thes.
New-York tribune., 1922-08-28
Dropping CaIlabIe Bonds

Question - T. have the following steeks
ana bonds American Telephone and Tai
egraph. Eastman Kodak Delaware q ITnd
con Railroad. Standard Oil of New sJeraev
SWISS M l. mgovernment bonds, per cent: Gen.
eTal Electric 6s, Montana Power S. Stand
ara Oh OF California rs, Union Tank Cav
q, Pennsylvania Railroad 6iss, Delaware
q Hudson 10, Northwestern Bell III. I
would like to exchange the cailable short
term bonds for non-caliable bonds or uoas
etock and yet not forfeit too much of NV
income by reducing my interest rate an +
am dependent on 1t and have to support a
child ALSO. What would you advise -
Mrs. ID. III.
.Answer-You can carry out the de-
sired changes without any material
change in your income by making the
following exchanges: Take Great
Northern 7s in place Of General Elec-
trio IS, United States Rubber TVS in
place of Union Tank Car ia, New York
Edison s 6hs in place Of Northwestern
Bell Telephone rs, and New York Tel
ephone 61s per cent preferred stock
In place Of Standard Oil of California
rs. Differences in prices could be
cared for by taking nine shares Of
Telephone preferred in exchange for
the Standard Oil bond These four are
the only bonds that you need disturb.
New-York tribune., 1922-08-28
Woolf instrument Stock

Question Some time ago a friend of
mine told me that you would give your
stocks. "A wish to buy some stock. i
would like to buy the best, for have
$1,000 TO invest, Seine one told me that
very good, and / therefore, wish 10 ask
your opinion. At present its selling price
is $50 per. share. and, as they make me
let me know whether II has any possibfh-
ties, and. IL you deem 1T wise To make ssch
an Investment when II may paw u dtyf-
Ie''l 5. Z. aa $50 : sAs 'a'ss'''NsAs : salss
Answer Wooif Instrument Corpora
tion stock is not an investment and
the purchaser is speculating on the de-
mand for the company's product. This
company was organized in 1919. If you
are about to make one of your firsS in-
vestments we advise you to avoid the
securities Of all companies that have
not demon strated sustained earning
power. Original issues OF new conlpa~
MES would come under this class. Do
not seek securities of companies chat
promise extravagant profits. lf you di-
vide your investment among the follow
ing bonds and stocks yen will have
marketable securities that can be
quickly sold or provide you with sound
investments If yoa decide to keep
them: Cleveland, Cincinnati, Chicago
& st. Louis 6s, 1929: Great Northern
lis, 1886; Western Pacific SIS, le46;
Atchison preferred, Endicott i ohnson
preferred, New York Telephone pre-
ferred and American Ice preferred. The
bonds can be obtained in Sio0, $500 or
ST 900 denominations. We do not find
any bid for Woolf Instrument stock
which is offered at 23 in the market
4, a % Al snifri Il q
New-York tribune., 1922-08-28

countries, as you know, were neutral
uuring the war and, accordingly, they
Plohted R, vastly through wartime traf1ic
Ihey had no war expenses and NO war
oe1 oepts; s. their credit standing is with
oias ons IL, iauit. In short, their rating is
tbeir i ~ relleeted in the position Of
You ask for six of the first grads
foreign bonds. These are orr sxae,es Sr@as
tlons: United Kingdom Of Great Bri-
tam and Ireland 51ks, 1887, Yielding
ABOUT b.l per cent; Swedish cavern
ment 6s, 1889, yielding about b,s ner
GENT; Norway IS, 1910, yielding about
% per cent; Denmark IS, 1942, Weld
ing about 81 per cent; Swiss govern
ment ss,, 1910, yielding about S,2 ner
IeHs' Ieas' and City of Copenhagen s hs.
lS44, yield.ng about Sc per cent
New-York tribune., 1922-08-28
Seeks Safety for $4,000

Question-WiIl you kindly give me your
advice as to investing about $4,000 ] am
not business woman. safety Is a very
important factor to me. What bonds
aside from Liberty bonds. would you sug-
recommend Mrs. c. p. n.
Answer-We suggest for your $4,000
The following securities: $1,000 New
York Edison 6Ms, 1941, yielding about
5.5 per cent; $1,000 United States Rub
Der SIS, 1947, selling recently to yield
about 81 per cent, and the remainder
in New York Telephone 61s per cent
preferred stock, selling recently around
1071z
New-York tribune., 1922-08-28
Central Maine Power rs

Queston--What can you tell me of the
per cent bonds of the Central Maine
Power Company, quoted in the Boston
market 35 bid 100 asked? Are they a
safe investment?-F. c. NJ.
Answer-Central Maine Power rs,
1941, are second grade bond and
subject in lien to $4,a54, 900 first mort
gage 5s and s1,152,500 divisional
bonds. These bonds may be consid-
cred fair business mans investment.
New-York tribune., 1922-08-28

eanta.i canadian Northern To, 1910. selling re-
eehhsiy eehy 70 yield about SIS per cent. The
we suggest for future Investment Neu,
YORK Telephone 6h per cent prefe M rred
stock, Atchison preferred New VAL
EDISON 6Ms. due 1941, yielding about
81 per cent, and United States Rubber
os, dus 1s47, yielding about 81 per
New-York tribune., 1922-08-28
N. Y. Tel, Stock Sent. 4

Question: was alioffed FIVE sharea ~
New York Telephone preferred In the re-
cent offering of stock to subscfibera and
sent the company my check for the stock
would like to know whether any state
fnent has been made as 10 when tho stock
certincates will be issned.-M. II.
Answer Permanent stock certifi-
Gates for New York Telephone pre-
ferred will be ready for delivery SEN
tember to those subscribers who com
pieted payment Tor stock under the
terms Of the recent offering.
New-York tribune., 1922-08-28
inauiries Shousd Be Signed

Inquiries addressed to this departs.
ment Of The Tribune are regarded as.
confidential, but to show the writer's
good faith the letter should be signed
and self addressed, stamped enyei-
the following are being held for ideI-
tiAcation; j. A. LeB., M B., NJ Kay
i. r., Mrs. M. G. W.. j. A. G., T. c.
Mrs. Nj. g., o. T., c. r.. r J. 4. and
New-York tribune., 1922-08-28
Not in Gilt-Edse Class

:. ouestion--.wtil g. you be kind enough tes
oof per cent preferrsd stock OF n q. 81
Macy & Co. Inc, inasmucn 4as am de-
sirous OF investing $4,000 in same ana
q only y, wish g do 50 Y in your opinion It
safety Of principal than interest rate.--t
Answer-R H. Macy s Co. preferred
stock is a comparatively new issue
and, being unseasoned, cannot be char
acterized as gilt-edgc. The company's
statement of earnings for the last
three years, however, show the divi-
dend ON this stock earned by vida,
enough margin TO make the preferred {
reasonably good investment. Whe9fS
You speak of safety OF principal yods
must remember that there is no obliga-
ton on the part Of company to re-
turn the money Invested in 3 preferred
stock. except in case Of dissolution.
The preferred stockholder is a partner
having q prior but limited claim ON
earnings. 20
New-York tribune., 1922-08-28
Considering Speculative List

Cluestion-As regular subscriber to your
paper. l am taking the liberty of asking
your advice and criticism or suggestion on
the enclosed list of common stocks. / re-
Gently received rather unexpectedly a com
mon stock dividend which would like &c
use in buying common stocks through my
bank, paying 20 per cent in cash and put
ting up the certificates collateral against
the loans for the remaining so per cent Of
off on these stocks from time to time and
hold them for year or two and sell out
before the next long pull bear market sets
In. A number of these are dividend pay
ing and / trust some of the others will be
in time. The dividends from those now
paying VIII be sufficient to pay my interest
they appreciate in value and possibly some
of the dividends may be increased. They
are speculative. but the principal probably
will not be affected adversely. generally
speaking in the next year or two. IL busi-
ness generally improves as 1t appears to be
probable. l have bought and hold some
appreciate your criticism and advice on
this speculative investment list. / am con-
savings. The stocks Goodrich. Sears, Roe
buck, Central Leather. Pennsyivania Rail-
road. road Baltimore ohie Rairoad = New
& Santa Fe Railroad, General Motors. Ailis
Chalmers, Bethlehem Steel B, Kennecott
Copper, North American Company. Pacific
Gas & Electric, Westinghouse Electric, and
Galveston g. Houston Electric.-E. w. j.
<afiSWST--W w Hdb you pE0pOSe 10 40 IL
to buy stocks on 20 per cent margin,
borrowing the remainder directly from
the bank instead of having broker
do it for you. You will pay 6 per
cent to the bank, whereas the broker
would be able to borrow the money
at a price anywhere from to 5 per
cent, but with prospect of paying
considerably more than per cent in
the event that call money should be-
come scarce. Probably your own
method of purchase would be the bet
Ter one, all things considered, but
we cannot issue blanket recommen-
dation of this plan. It's appropriate
ness would depend on the CELEBRITY with
which you will be able to retire the
bank loan and, more particularly, on
the character of the securities you
propose to purchase. You have some
rather speculative stocks among those
that would form the collateral and you
must therefore consider the prob
ability Of this collateral shrinking in
value and thus reducing your margin
in the event of temporary reaction
in the stock market during the next
two years. On the whole, however,
your list of stocks is of average good
grade.
New-York tribune., 1922-08-28
A. T. and r. Conversion

lueB6ton--In6 writer WouIQ reApeCtruiIy
take ADVANTAGE, Of your offer TO answer
questions regarding financial Investments.
He is contemplating the purchase Of ten
egraph Company common stock at present
price levels and has noted that this com
pany has Q per cent and ~ per cent
into stock. Wouid NS you kindly inform n him m
tss the i,s eeinditionss sqrroundins this conyert-
on the future fse price Of Of the st stock and divi-
d.ends? 1t 10 apparent that for every two
shares of stock interchanged the company
eaptalsao Si ess be IL assra and the the
dividend disbursements materially affected.
ansIyss OF the the K. I. & T. c.. Co. financial
lineup, with your answer to the foregoing
he will be grateful to you.--A. c. NJ.
Answer-American Telephone and
Telegraph An per cent convertible
bonds, 1888, are convertible into stock
at any time up to March /, 1925, at
$120 a share. In other words, the
holder Of a $1,000 bond may secure ten
shares Of stock by paying $40 share
60 the company. The convertible es,
1925, are convertible into stock at $106.
The complete retirement of these two
bond issues through conversion into
stock would reduce the company's fixed
charges coming ahead of dividends on
the stock, but would not represent an
acCual saving In comD1ned interest ana
dividend disbursements as long as the
dividend rate remains at 8 per cent.
There is another angle to the situation.
Conversion Of bonds into stock relieves
the company In this case Of two fixed
principal obligations, one Of which
would have to be met in 1925 and the
other in 1888. We have no means Of
knowing what effect complete conver-
sion Of these bonds will have on the
stock. The American Telephone and
Telegraph Company, according to the
last balance sheet, had $548,1S5,30
stock outstanding, funded debt of
$300699,s00 and profit and loss sur
plus of $108,604,000. The net assets
applicable to the stock amounted to
1855, 789, 900, or $119.S1 a share.
New-York tribune., 1922-08-28
Chicago Stock Yards 5s

ba Saestion,-on avu ton previous occasions you
sSont nsen stss good enough to advise ms
go gnod e.hsI enough now to give mo your advtes s
bn bnnen Genicago stock Yards Company SIS. gold
,,,,a nnnbs. Is. que October, 1862 I havs been
ana andple to get quotation on their bonds
as su Re- wonaer II you would advise me
ss sa 10 whether / should sell them. and n
tio, sE wha, would you suggest in substitu.
Answer-Chicago Stock Yards Com
Pany per cent bonds are quoted 70
p.o, ;ss,o - 9Hered. ST;er They are third grade
issue. Without knowing your financial
circumstances, we cannot suggest what
Is tne proper course for you to pursue.
out II you are not in position to as.
sumo business mans risk we think
you should sell the bond. ST. Louis
san san; Francisco prior lien is, 1850, and
selling recent to yield about So ner
cent, would be good substitute. This
pond p, is selling about four points higher
than your stock yard bond.
New-York tribune., 1922-08-28
First Tuvsstme,,t 1ynfortuuase

4. Question: havs d few hundred dollars
20 invest 30 Hs TO Increase my income,
which is small do not want to put II
whers ! cannot call It IL necessary, 1
havs considered buying Bethlehem Steel
Per cent preferred, Endicett johnson or
National Biscuit, both preferred. am
not going to and do not want to take
any chances. Would prefer leaving II in
n savings bank. Have made but one ins
vestmsnt outside Of an annuity. THAT
was in International Nickel common
WITH most unfortunate result, receiving
but ono dividend since ! bought It at 80
several years age, Would you advise me
to sell II at the present price? Also,
would YOU advise mo to. invest In sorne-
thing different from what I have sug-
gested or is the savings bank the best
place for my money?--A 8.
Answer--Nationa Biscuit preferred
and New York Telephone sh per cent
preferred are suitable stocks for you
to buy with your small fund. Com
mon stocks, especially those of the In
ternational Nickel type should be
avoided by woman who cannot afford
to assume any risk. We believe that
you should sell your Nickel stock
eventually, but whether you do so now
or wait for a more complete recovery
is question to which your own need
for income will furnish the answer.
New-York tribune., 1922-08-28
Buying High Grade Bonds

Question: have So 1000 invested in sax
iugs banks, Liberty bonds and stock So
Atchison, Topeka & Santa Fe general 4s,SS
Northern Pacific SIS. series B;tten sharts
ST. Louis Bridge LIST preferred; two DaZ-
n1}nion or canada 5s 1852. Il am grad
ualy selling my Liberty issues and WITH
craving savings bank funds and reinvest -,
ing IN nigh grade bonds with the general
the first $4,000; after that / can afforzff
to take chances on q higher yield, What
Tour $1,000. bondg, including two indus
trials, should You suggest 10 l.est the re-
quirements indicatedf Since I am tn coikr
lege, would not a fairly long term DC r6S
selling under par be desirable? WHAT
about U. S. Rubber 5s and Cuba 4t4g:A
1919? Does not the status of the Unitess
states IN relation to Cuba, amounting to-
practically protectorate, raise Cuban gov@9
level OF those of South and Central AfnerflA
can countries?-H. @. w. ssa
Answer Complying with your re- !.
quest for four bonds meeting eonserva-: !.
tive standards, we suggest: United
States Rubber IS, 1s47, yielding abous :
81 per cent; American Smelling and
Refining SIS, iS47, yielding about 5.AA
per cent; Canadian Northern rs, I940.o
yielding about SO per cent; virginiant Z
Railway 6s, 1862, yielding about 5.2-v
per cant. You are correct in assume
ing that the interest of the United
States government In Cuban affairs
gives the bonds Of that republic a..
higher rating than South American 4
bonds, but the issue you mention hard
" measures UP 20 the grade you have
set.
New-York tribune., 1922-08-28
Favors Pipe Line Stocks

Questlon--Having been a reader of YOUR
ennnc,d PAPER for some, some time and admiring your
the liberty in making use Of tns Woula hsat sako
twenty Eureka Pps hst Lne IL twsnfs ssys
shares Of S. w Penn. Pine ,Ig Line ana os Ten
shass some trsssent NsM Pp. Es xss ss af Dn1. ,s.
such wonderful statements and pay smop s',cS
g2Sa gW dividends, ! feel sure / cannot lose
the aa' aboys no you ,eh think about t7 bought
quoted.-L. @. 'AeS are
y, Answer-There is no question about
the strength of the pipe line connpan-
les from the standpoint Of cuTren+
earnings, but you will admit that there
must be some element of speculation
IN these stocks, greater than that ex-
istlng IN. the Standard Oil producing
ana rennlng units, to account for the
exceptional yield offered. The pine
line serving a certain oil pool shows
handsome profits to owners while that
pool is hourishing, but it's usefulness s
9dry. Companies operating main pipe
lines fed by spur lines serving nun, er-
GUS individual fields are much diff
ferent speculative risk than those
serving only one field. You will note
that the Prairie Pipe Line, the most
extensive system in operation, has
outstanding stock which gives only
about half the return Of the stocks vol,
have In mind. If there were no doubt
OF the Eureka, Southwestern and
Southern pipe lines maintaining their
current rate of earnings indefinitely
the stocks would come into such great
demand that they would sell on the
same. plane with Prairie and the
Standard Oil producing company
stocks. We consider these pipe line
stocks suitable for any one who can
keep closely posted on developments
and who is in a position to assume
some risk.
New-York tribune., 1922-08-28

Answer-If the list of bonds YOU
have in mind is to take the place Of
the Victory notes, we believe only one
is suitable for permanent investment.
The st. Paul AIS are not callable. but
they are not good enough in grade.
Aside from this issue the United
States Rubber ms are the only bond
not callable. This is suitable for your
purposes. The New York Central 7s
have already been called for redemp-
tion on September /.
New-York tribune., 1922-08-28
His Victory Bonds Called

. Question-Many thanks for the informa-
ton you gave me two months ago about
chased I have now $4,000 Victory bonds
which are called. desire to invest this
amount In bonds and would appreciate
Telephone of Pennsylvania Is, 1878; q.
y ~ & St Paul 4As. 1882: Du Pont de
nnamhours fss, 1881 Goodyear Tire &
1881; 1. & N: 7s, 1880; New York Central
y 0s ths.s; lsso; Us, u = Rubber 7as, 1880, Il any
inform me. Also IL any Of them feiI
down on their interest payments lately
New-York tribune., 1922-08-28
Chicago & Eastern Illinois

Question-Refering TO Chicago & EassrS
ern Illinois cumulative preferred I woulde
be indeed glad to receive your comments
as to the prospects IN the way of en-
hancement of value. and also your opinion
as to what is really back of the new pre-1
ferred stock Am receiving this preferrad
stock in exchange through reorganization ?.
for the bonds of the old company Thev
bonds owned for several years while ths-F
company was solvent. and have held them
Tor the last six seven years in the
hands OF the reorganization committee
Am inclined TO hold, as the company is q :
large coal carrying road, and 1 under
stand that great deal Of money has beerFs
spent s during the receivership in putting
me property III first class condltion-
Answer-If you are not dependent
on the income from investments and
can afford to carry along an unproft-
able security. we believe it would be
logical to hold the Chicago & Eastern
Illinois preferred stock, especially as.
you retained the bond equivalent Of :
this stock for q number Of years. TheI
company has shown a remarkable inla
crease in earnings during recent
months On the basis of returns for
the first six months of 1922 the pre-
ferred stock dividend was earned hyS
substantial margin -
The West Virginian. [volume] (Fairmont, W. Va.) 1914-1974, 1922-11-07
FORMER EAIRM0NT
MAN DIES IN TEXAS

A message received here today
brought the news of the death Of
W. r. Hickman, a former resident
Of this city, whose death occurred
at his home In Phoenix, Ariz., Sat.
urday. The message came here
from his daughter, Mrs. John Gull
land of 'Elkins, formerly Miss
Villa Hickman.
Mr.. and Mrs. Hickman resided,
while in this city, on Benoni
avenue, and he was engaged in
contracting work. They left here
in 1907, going to Arizona, and
had only recently moved to
Phoenix. Mr.. Hickman had been
in declining health for a number
OF years, however.
Two daughters, Mrs. Gulland
and Mrs. Herbert Hunter, the lat
ter Of Ell Paso, Tex, survive him,
as does also his wife. Mrs. Gull
land was unable to attend the
funeral, but Mrs. Hunter will at
tend the funeral, which will be
held at Phoenix.
The West Virginian. [volume] (Fairmont, W. Va.) 1914-1974, 1922-11-07
ONLY LIGHT VOTE
Cast IN FA|RNONT
DURING morning
Republicans Reported to Have
Slight Lead in Many
Of Precincts.

While only a comparatively light
vote had been cast in the city pre-
clncts at an early hour this after
noon, IT was thought at every yot.
ing place that there would be 4
rush TO the polls during the closing
hours, and that many women would
vote between 8 o'clock and sos
this afternoon.
The vote in the city was close
at q o,cloclsjt this afteEno onS accord;
ing to unofficial reports from the
s1ylIft 0tfs eeinc q sihe Efaepnbli-
cans we're, however, holding q
slight edge IN tho city sections as a
whole.
The vote on the East Side was
coming out slowly but 1t was ex,
pected to come strong during the
final hours. The Republicans were
lending in all three precincts on the
East Side, at the courthouse, the
White School, the Butcher School
and the old Mayors office on Lo-
Gust avenue. It was said to be
about $3.50 at the Miller School and
the Hamilton warehouse. The
Demmies were said to hold a slight
lead at Irwin School, Virginia ave.
nue. and the old Normal School.
The vote cast at 1 o'clock and the
approximate registration at tile
various precincts follow:
The West Virginian. [volume] (Fairmont, W. Va.) 1914-1974, 1922-11-07

CHARLESTON, Nov 7.-Fhir
weather today revived hopes OF
leaders Of both parties in West viz
glnta that a fairly good proper
ton OF voters would 20 TO the
polls after a rainy day yesterday
had added to the burden Of their
complaint against the Gphthy To-
ward the election this year, Early
reports from She voting precincts
in most places however bore cnl
the Expectation that tho voting
not q heavy!
I'M the capital city word from
tbs boiling places WIS lnconclu-
siye, some Showing an unusually
high per cent voting In the first
few hours and Others showing only
a small number OF beNats cast.
Few of the more remote precincts
in the county were heard from:
but party workers weer counting
on heavier voting IN these dis
tricts because Of the Influence Of
the labor element IN the mining dis
tr1ctS. qaIf