davidaulloa/AmericanStories huggingface dataset:
New-York tribune., 1922-09-11
Mills Are Buying Wool
Beyond Present Needs
Have Confidence in MarsIei toy
Goods; Tariff Is Causing
Some Concern
Special Dfspatch 70 ne TfAalHt

special Dispatch 10 The fFtVate 4
BOSTON, Sept. l0.--Is has aeEsi'9s
that manufacturer have eefn sss'a
wool beyond their inmedFass nssss
showing that they have ecnflesase :
the market for their goods ai,ss ~
the wools bought are those Ses
next heavyweight season. This a1i'.s z
has drawn on the supply Of NeSs
much that there is little nov % ~ !.
except that in bond or wnas ssA 4,
imported at a high tariff. fnsx
some of the current clip N t1s 49, Assss
OF men In the West who are nlys, ~.
pore as spectators than se sss
dealers. according to reports Nass.
they viii continue 20 hold tha't 80 ~
until fhey get their prfee y alassag
When the permanent eRrlu y Fsses s;s
II passed, there will be lsxgs .s,k
OF wool now in bond on she 80
Dealcrs are asking whether tnF s'ss s.sss.
OF this wool will "bear" the w. kss..,s
The worsted end of the trade a ss'sA n
concerned over the matter w. IA
situation will be depends III .ssi
amount Of clothing wool, OF tNss III
for weclen purposes, ard aise "a
amount OF combing wool, o. tnsE =
for woxsted purposes, whles
leased. 81,
Another condition which wal "a sa !
snine the result will be the q ~ ,sssi
wool which is mcst in deNal4 ss~ I
the tariff III passed. The psopqislsss,Sss
each is difficult to estimate a. ls, {
but, at any rate, the greater Is h
the wool which was importea wls4, yaf.
emergency tariff first went inlH ksssiI
was brought In en- lower pE'cs,1 ,shIs sI
says a wocl man, bat this vas rIs,s II
wool. The more reeens arFsN1a 81
understood Ia he eomblag wgsl'asf 'ssufl
they were imported at a b'She siss
The importers who paid Sas ss ID
figures for the comhine. wcs9s ~ s;lsssE
come in recently would nna M Il
competition with sellers 81 WIFI -
camaing pur2eses, ACCORDING N
IN the trade.
New-York tribune., 1922-09-11

connected with the department.
If you can get any official opinion
that classes the securities You mention
as of like kind you may make the ex-
change proposed without making an
entry on your income statement. The
monetary value of the securities in
volved enters into the calculation of
the exchange and we cannot attempt to
predict what an official ruling would
be in the case you cite.
Under ordinary circumstances, how
ever, if the exchange We're approved
any profit obtained by subsequent
sale of Union Pacific stock would be
New-York tribune., 1922-09-11

Question--On December /. 1921. I ac-
aured bond, the Middlesex & Somerset
Traction SIS, 1850, at 54]a. What do you
think of this as an investment and what is
the market value at Present ?-B, II. S.
Answer-There is outstanding 81
100000 Middlesex & Somerset Traction
5s, 1850. The company is controlled by
the Public Service Railway Company
and the bonds are secured by first
lien on all the property and franchises
of the Middlesex e. Somerset Traction
Company. Although inactive, these
bonds are fair investment. They are
quoted at 65 bid, none offered.
New-York tribune., 1922-09-11
Widow Plans to Speculate

Question: a widow supporting two
children and can't take any risks, but
would like to increase my income some-
what by investments. have $4,000 earn
ing per cent interest in the banks How
can invest this money TO bring me larger
returns, with prospects of increasing the
principal besides the interest it Will bring
BY buying any stocks you may suggest,
can l resell these stocks any time IL | see
l can make a profit? Please advise how to
go about buying stocks. as l confess ignor-
ance of the matter.-Mrs, II. w. N.
Answer-We feel that your position
as a widow with limited resources de-
mands that you exercise extreme care
in the investment of the $4,000 saw
ings bank account. Let US caution you
at the outset against purchasing stocks
with the primary object of selling
later at profit. The greater the
prospect of profit on principal the
greater>will be the chance of losses.
We suggest, therefore, that you go
no further than good preferred stocks.
Divide your fund equally between New
York Telephone * per cent preferred
stocks, selling recently around no,
and Endicott-J Johnson per cent pre-
ferred, selling recently around 115.
New-York tribune., 1922-09-11
Eastern Cuha snrar -

Question: would be plesssa Is -
your opinion OF the Eastern rgha ~
CorporstiorsS y per cent honda. xas.ss.,s
oy the CuSA Sugar Corporatisa. e +
issued September i.-R. s. ~
Answer-We consider the Essau
Cuba Sugar Corporation NJ psY tss.
bonds a suitable investment for bus
ness man or any one else in soy5tr
to follow closely all Developments 4
fecting the sugar industry In rensa
and this company in particular.
New-York tribune., 1922-09-11
Worried Over Pierce Oil

Question: would appreciate your valu-
able advice regarding some stocks l hold.
I am woman not altogether dependent
on income of these said stocks and
bonds. besides service bonds recomm ended
In your paper and Endicott- j ohnson
Pressed Steel Sar, American Smelling.
Canadian Pacific r. r.. Computing. Tabu-
leting and Recording Int Cement and
Middle States Oil. I hold some Pierce Oil
preferred at 56 and Goodrich. as 1 am
quite sure the stock will advance as soon
as the rubber industry improves, but
thought that a switch to Mfdvale Steel or
Replogle would be advisable. Pierce Oil is
my chief anxiety, as l was told the com
pany Is In financial straits. Is this SO :?
What do you advise regarding Timken
Roller Bearing stocks. selling 80 cents,
paying S3 dividends Pc. r. NJ
Answer-Your securities, with the
exception of Pierce Oil preferred and
Goodrich common, are suitable for your
purpose. Whether you should continue
to hold these in the hope of a recov-
cry or make exchanges is question
for you to decide. Pierce Oil reported
deficit of more than SIS, 500, 900 for the
quarter ended March 81, 1922, after a
write-off of nearly $4,000,0OO loss on
Inventories. For the year ended De-
cember 81, 1921, the company reported
shrinkage in profit and loss surplus
Of more than $6,000,o00 Timken Roller
Bearing stock would be unsuitable for
your purpose, unless you feel you are
in position to watch the company's
affairs and assume the risks involved,
New-York tribune., 1922-09-11
Depreciation in s,aek

Quest ion--I would feel srss,lv !.
debted to you IL yo& would yIys% % ~ !. !
IDEA Of Associated Pharniaclsts ~. e
rave ioe shares Of the above n,ss.I..
dividend OF si2 since their tnso.zs-s.ss. ,,.s's
j. s. Ps''a'i
Answer-The only value we kssx
IN associated Pharmacists stceS
represented in the price at which +
selling. Recently sales were NAV
five cents a share.
New-York tribune., 1922-09-11
Exchange Seems Inadris.hI.

Quession-My wife eseus 81. asd psz Is
ue 4th as Liberty bonds. e,,,, eetups.
SS1 and SsS per each sIna sqna. so.pos
safety and assured income Al Yges
prices would you advise selling ana sH
cnastng higher interest BEARINGS benarl
III yes, what 7--Dr. W. II.
Answer-Unless increased Enesze ]
necessary we would not advise replss
ing Liberty bonds with other iuYes:
ments. First grade bonds s,s sellir,
around 5 per cent basis and an es
change would not increase income sg
preciably and would sacrifice AasesY,
New-York tribune., 1922-09-11

Questions OF general interest to IN
vestors seiii be ans.pered in this col~
amn, IN iuAich case only initiois scllf
be used. Others toili be ansipered BY
mail. address all inquiries, incios-
ing stamped, addressed enpelope, to
Financial Editor, The Tribuno, I54
Nussuu Street, Neto York City.
New-York tribune., 1922-09-11
Utility Comnany Stocks

Question am in possession OF the fol-
loWing securities and would greatly ap-
prostate your opinion as to their present
vasue; ~ shares. I'd preferred, temporary
eersnicate. snd Sc shares common. TOM
porary certificate, both of Power Securities
information as TO their value-G. II. W.
AnswerThe Power Securities Cor
poration is hydpo-eieetric company
operating in southern Idaho. The prices
quoted fer its stock are as follows:
common, ! bid, offored at 9; preferred.
4M bid, offered at hih.
New-York tribune., 1922-09-11
Commonwealth Hotel

Question--In June. 1916, / signed a sub
scription blank for share of stock,
value 800, of the Commonwealth Construc-
ton Corporation. The matter remained
dormant until July, 1922, when 1 received
demand from a law firm, in whose hands
the claim for 500 had been placed for
collection, also a yelled threat to enforce
came by due process of law If not paid.
VIII you please give your opinion as to
my liability in the matter, as there are
many other people in the same boat ?
Therefore the Information ig of correspond
Ing Importance to many other subscribers.
w. X.
Answer Whether the Common
wealth Construction Corporation has a
valid claim against you for the amount
of stock for which you signed sub
scription is legal question which The
Tribune cannot attempt TO answer. If
you are in doubt you should consult
an attorney.
New-York tribune., 1922-09-11
30 Need la ConfInne

Question: have friend who has
funds invested with the Security Pro
uucing and Drilling Company and has re-
fer of the stock to the Revere on Com
pany stock. To do this she must pur.
cnase new shares OF stock In the Revere
company equivalent TO 25 per cent OF
present holdings with the Security Pro-
ducing and Drilling Company. Have ad
visea that no further Investment be made.
answer--Yo advice is sound, we
believe. We see no reason for your
friend continuing an oil speculation
that has proved Improbable.
New-York tribune., 1922-09-11
Inquiries Should Be Signed

Inquiries addressed te shia s'ss-
ment Of The Tribune are rsgtrisi y
confidential. but to show the sTasrs
good faith all should BE signed aha y
address should be Enclosed fOr pFll,
Letters from the following ar ssas
held for identification: ]. a. u Bs !
c., M. B., J. A. r., J. OH, Q. I ].
A. l.. b., P. L., F. c. B.. Il y. ! J
G., E. NJ, p. j. L., J. c. O. 7, Ses
stant Reader" J. A. c., Mrs. =. !. y
and ]. T.
New-York tribune., 1922-09-11
Fears Jitney Competition

Question: have been constant reader
OF your financial articles and replies for
the last two or three years and have
profited in every investment made at your
advice. Allow me to say. without mean
Ing to fiatter. that In your financial pages
you are a public benefactor to the small
investor invested some years ago Ia
New Jersey Consolidated Traction stock
To-day I am heavy loser il should sell.
and l would, for certain reasons, wish to
sell within the next six months or year.
From local experts received conflicting
the New Jersey Public Service has turned
the corner" that this traction stock is
guaranteed" But see with my own eyes
the inroads on its earnings by the iit-
neys, and 1t occurs to me that trolley
service viii gradually give way TO the
cheaper system OF electric busses Then.
ticians to the Public Service management
and their avowed partiality TO the jitney
service. Thereaore, before making my de-
cision about Consolidated Traction stock
seek your advice and opinion. ] have
never noticed any expression of opinion
thousands OF local investors bought it as !
good thing and are anxious like me-
10. A. ID.
Answer-The dividend Of per cent
paid on shares of the New Jersey
Consolidated Traction. Company Is
guaranteed by the Public Service Cor
poration of New Jersey. This stock
is selling on an income return basis
that compares well with stocks of the
same class. When you bought your
stock per cent stocks probably sold
close to par, but recent issues OF pub
lie utility stocks are frequently sold
on 2 per cent basis, The effect OF
the jitney bus competition on the earn
ings Of utility companies ia much
discussed subject, but reports at the
present time do not show that the an
ticipated severe inroads have been
made.
New-York tribune., 1922-09-11
Has High-Grade Bonds

Question-Wll you kindly give me your
opinion of the following securities which
l have already invested in, and give me
your advice on the investment of $4,000
additional. 1000 in each OF the following
Chicago Union Station Us, New York
Telephone SIS, Northwestern Bell Telephone
rs, New York Edison Gas Nirginian Rail-
way, 5s, Consolidation Coal of Maryland 5s,
United States Rubber 5s $3.50 Liberty
bords 4As, 2 shares New York Telephone
preferred ?-L. " Y.
Answer-Your list comes close to be-
ing high grade, diversified invest
ment There is some question as to
the advisability of buying Northwest
ern Bell Telephone rs, 1941, at price
near which 1t is subject to redemption
at short notice. The bond is a good in
vestment however, for one not particu-
lar about the callable feature. With
the $4,000 additional we should be in
clined to take another bond each of
the New York Telephone. New York
Edison and Virginan Railway.
New-York tribune., 1922-09-11

Four full columns y n
restnsent questions end o.
sicers seiH be publisIiea u
The Tribune every Sfsdsss
aud Monday. On othsr days
one full column scili apresT.
The Washington herald., 1922-02-22
VIRGINIAN HELD
IN CHECK QUIZ

Hobart Lee Stanley corfut. 2.
years old. Of Arlington. Va, wa.
arrested here last night CHARGED
with forging a check. He purchased
an automobile from the semm.s
Motor Company. sitter depositInr
the police say, q series Of checks
in three banks.
He 10 said to have Deposited two
checks amounting TO $3.50, In thp
Arlington County Bank, sienlnE
the name OF his former landlady.
Catherine B. seip. 1894 Lanai
place northwest. Police say he the,,,
deposited a check for $500 in the
Du Pont Bank. written against IN.
Arlington deposit. He is then said
70 have made q $50 deposit in the
Exchange Bank Of Washington. He
gave the semmes Motor Company
. check on the DUPONT Bank for
$1,000. u IL charged.
The arrest was made through tire
efforts ~ wilder n. DeNesne. Of
the motor car company. and Head
quarters Detectives Hughlett. Ana
good. Connors and Jett.
The Washington herald., 1922-02-22
LEGION men RAP
BONUS OPPONENTS
Chamber of Commerce Board
Of Governors Charged
With Being Unjust.

Action OF the Chamber Of Com
merce Board of Governors against
adjusted compensation for ex-ser-
vice men. was scored by members
CT the Costello Post, American Le-
gion last night.
According to the speakers the
board of governors opposes a cash
bonus. farm lands, home aid and
paid up certificates, though favor
ing rehabilitation of wounded SOL
diers.
william F. Franklin, comma nder
OF the post, told OF activities among
business PEOPLE in other cities to-
ward the relief of ex-service men.
while Washingtonians apparently
are not interested in veterans well
fare.
John J. Kelley, E. J. Lefferts and
DR.. W. F. sullivan also spoke re-
ferring to the Chamber OF COM
merce as unjust. unfair and un-
reasonable"
Officers and founders OF the Le-
gion were defended by Commander
Franklin in discussing recent ct
lacks made upon them through ;ne
newspapers.
A resolution extending eongratu-
lations to Maj. Daniel Sullivan,
superintendent OF police, was
adopted as we'll as a resolution
offering sympathy to those be-
reaved in the Knickerbocker dis
aster.
Letters OF appreciation for ser .
vices rendered during the KnicLer-
booker tragedy will be sent to
twenty members of the Costello
post, who aided in the rescue work.
The Washington herald., 1922-02-22
O.K.'S
PARK PURCHASE

Inclusion of a $500, 900 item in the
District Appropriation Bill, now be-
fore the Senate, for the purchase of
lands recommended by the Rock
Creek Potomac Park Commission,
was approved by. President Harding
yesterday.
The appropriation. recomme nded
by Col. c. o. Sheriff., executive off,
Ger of the commission, is designed
for purchase of parts of the Kiln
gle Ford. Piney Branch and Patter-
son tracts. This property is regard
ed by the park commission as essen
tial to the development Of park
plans Nor the District as outlined
by the Mcmillan Commission and
approved by the Fine Arts Conn
mission.
Col. Sheriff. said that the $500, ooo
appropriation will permit the pur-
chase Of only a part of the three
tracts, which comprise 121 acres.
1t Is estimated that 100000 addi-
tionsl will be required to complete
the purchase.
Acquisition OF these tracts, Col.
Sheriff. stated. will permit the pas
sage to Rock Creek Park from West
Potomac Park through the Klingle
Tract without going through the
Zoo. An eastern entrance to Rock
Creek also will be added by a road
way along Piney Branch Creek, II
Ia said. The Patterson tract Of eigh-
ty-one acres, lying north Of Florida
avenue between Third and Fifth
streets northeast, will add the most
important park area Of the pur-
chase. according to Col. Sheriff..
The Washington herald., 1922-02-22
DECLARES FRANCE
CANNOT PAY u. S

PARIS. Feb. 81. The new
United States tariff will prevent
France from paying America. says
George Bonnamour in an editorial
in the Bon Soir this evening, ap-
proving M. Loucheur's reply to Sem
ator Medill Mccormick
We must pay America in gold
or in goods" said NJ Bonnamour.
we have no gold and the United
states is preparing to erect a GUS
toms barrier which will prevent the
entry of French goods. This makes
1t impossible for US to pay. But
the senator deems the security Of
France as no account as compared
with the tightening of American
taxes through the disbanding of the
army whichc will enable US to pay
the billions that Ameria lent in the
shape of munitions.
Last year Senator Mccormick as
our guest visited the devastated re-
gions, and We heard him promise
his countrys support. If he had
Kept his promise and America had
interested herself in the inforce-
ment of the Versailles treaty, we
would be Weather and be enabled
to pay our severe and impatiet
creditor"
Copyright, 1897
The Washington herald., 1922-02-22
ALLIES ASK CHANGE
IN WIESBADEN PACT

BERLIN, Feb. 21.-A section o.
the intersIlied reparations com
mission. headed by NJ Bemellmanns.
a Belgian delegate. arrived in Ter
lin today and 10 negotiating for a
revision OF the Wiesbaden agree
ment whereby Germany sgresl 20
deliver railroad supplies and build
ing material insS-sd OF money
repzrstions.
Among the new proposals are the
following:
France and Belgium desire u
deal directly with German firms FOR
supplying certain materials rather
than to submit lists through the
foreign once. They desire that
Germany supply Poland. JuEo-
Slavia, Rumanias and CZecho-S'o-
yokia with machinery and railroad
materials. They will credit Ger
mny in foreign money for raw ma
terials furnished, but they propose
to credit Berlin in paer marks for
German work.
The Washington herald., 1922-02-22
PREDICTS PARIS
WILL BEAT RENO

PARIS. Feb. 21.-Paris will super
sede Reno as a divorce mill, in the
opinion Of an American lawyer.
Charles G. Loeb. formerly Of San
Francisco and New Orleans, in com
menting on the Paris edition Of the
Chicago Tribune bulletins stating that
Edith Kelly Gould had failed in the
American courts to upset the French
divorce decree which had been grant
ed to her husband.
= Heretofore 4 number Of extremely
wealthy Americans have been di-
vorced here, but only vim both hus-
band and wife had agreed before
hand and had acccplec French ju-
rtsdiction. said Mr.. Loet. 'Thas
many pc ,b. who husbands or wives
contested the suits or refused to
recognize the courts jurisdiction
were not aole TO obtain decrees-"
The Washington herald., 1922-02-22
YOUNG SURVIVOR
SON OF PRESIDENT
Z. OF MINES COLLEGE
Walter A. MacNair, 81,
Resident of District
For Year.

walter A. MacSafr, listed In re-
ports from langley Field as q sur
vivor Of the crash. To- an employe
Of the Bureau of Standards In the
airpiane Instrument department
He had been at Langley Field for
for a recording instrument.
MscNair is q years old and re-
sides with L. J. Briggs. 320s New.
ark street northwest He had beer
In Washington for about q year.
working with the Bureau OF Stand
ards. MacEair 10 the son Of y. II,
MacSsir. president OF Michigan Col.
lsee Of Mines. Houghton. Mich. No
relatives reside in the District.
Members Of the Briggs famiI,
had received no word from MacNaiT
At late hour last night
Fer.eriy, Lived Here.
Maj. John d. Reardon. who wa
injured severely. formerly resided in
this city at 1875 Seventeenth street
northwest. but for the PIT severaI
months has been stationed at Lang.
ley Field. Va as q student flyer.
The exact extent Of his injuries
WIN hOk NC ~ u laNG
hour last night.
MAJ. Walker ". Vautsmeier and
First Lieut.. Clifford E. smythe,
who were killed in the crash, for
merry resided in this city. accord
ing to army records. They have
resided at Langley Field for some
time.
Miss Fonrose Wainwright, daugh-
ter of J. Mayhem Wainwright. As
sistant Secretary OF War. of 1Tls
Nineteenth street northwest. who
christened the Inflated craft at
Boiling Field on December 81, after
its purchase from Italy had been
completed. Ia at present visiting
relatives in the South.
General Plies 10 Scene.
Two brothers, Lieuts. Frank II.
and Ernest p. Harmon, L. s. N.
who reside at I13 Hobart street
northwest, were detailed from the
patent section, McCook Field. Day
ton. Ohio. to Langley Field. for the
purpose OF investigating the mat
ter OF patent rights prior to, the
purchase OF the Roma, during the
latter part of November. last year.
Immediately after receiving noti-
hcation Of the accident. Maj. Gen,
Mason T. Patrick, chief Of the Army
Air Service, left for the scene OF
the disaster in a plane piloted by
Lieut. L. J. Maitland. OF Boiling
Field. Maj. W. G. Killner and Capt.
St. Clair STREET. also new to Lang
ley Field.
The Washington herald., 1922-02-22
DEFIANT AUTOIST ESCAPES
FROM POLICEMAN 4 TIMES
Last Chase Ends Suddenly When Comman.
deered Machine Is Disabled in Collision

Escaping from the police four
times in as many hours during ex-
citing automobile chases through
the northwest section Of the city
yesterday afternoon is the record
established by a man driving an
auto believed to belong to William
B. Parker, OF Fort Hunt, Va. The
fourth chase was ended when
the policeman's automobile collided
with another machine at Twenty
second and l. streets northwest.
After the first escape, the COM
planning policeman, w. A. Schotter,
of the First precinct station, swore
The Washington herald., 1922-02-22
Charity Ball Breaks
Record of EIks' Lodoe

The annual charity ball of the
Washington Lodge Of Elks was
given last night in the ballroom
OF the New Willard Hotel.
The ball. said to be the largest
anfir Of its kind ever given by
Washington E1ks, was attended by
hundreds Of members OF the order
and guests, the entire tenth floor
being given over to dancing.
Howard Peters, of the local lodge,
was chairman Of the committee in
charge
The Washington herald., 1922-02-22
GERMANY FEARS
RADICALS WRATH

BERLIN, Feb. 81. Disorders
among the radicals are expected to
occur when the German press pub
fishes the fact that the German
has handed over to the
French military authorities two
men alleged to have assassinate ed
Premier Dato of Japan.
Because of the fear OF trouble the
foreign ONCE has held u pthe pub
lication OF the event until this
evening.