davidaulloa/AmericanStories huggingface dataset:
New-York tribune., 1922-10-30
Leather

Leather demand continued brick and
prices tended upward. Glazed kids of
all weights and colors were the feature
Of the local market. Fancy feathers,
sole feathers, offal, colored kids and
patent feathers were in fair demand.
Large sales of oak leather betting
strengthened prices Of that material. i.
City calfskins remained firm. In SYM
pathy with the advancing tendency Of
raw material, and also in response to
broadening demand, prices Of leather
are tirmer or higher, and scarcity Of
supplies has developed in some quar-
ters. similarly, price increases are oc-
the enhanced cost of hides and leather,
New-York tribune., 1922-10-30
X. c. Southern Best Here

Question: would appreciate any infer-
nation you may have at your disposal re-
sardins snrdh. & the foilowing companies: Fierce,
Southern Railway Company, Pacific Devel-
oprnent Company. Chicago q Alton pfd.--
e. j.
Answer-The financial position Of
the Pierce-Arrow Motor Car Company
has not improved appreciably since the
close Of 1921, when profit and loss
deficit Of s4,422,165 was disclosed, al
though a reduction Of $3.50 on, It's
cars in July resulted in August sales
and shipments that were the largest in
the company's history. 1t is stated
that the company has plans under way
for comprehensive readjustment of
its finances. Notwithstanding the in
terruption to traffic conditions caused
by the strike and the reduction in
freight rates on July /, 1922. earnings
Of Kansas City Southern Railway COM
pare favorably with those of 1921, and
per cent on the preferred stock after
payment of one-half of excess to the
government. Affairs of the Pacific
development Company have reached
stage where reorganization seems
necessary, and it was said on October
10 plan might soon be made public
including extensive refnancing and in
volving change in personnel. There
have been no developments Of impor-
tance in the affairs Of Chicago & Alton
since appointment of receivers on
August 80. Protective committees are
looking after the interests of the hold
ers of 8 and 31a per cent bonds. In
tterest on the refunding IS, due October
l, was deferred. No announcement as
to reorganization or adjustment of the
company's affairs has been made.
New-York tribune., 1922-10-30
Russian Flax Acreage Gains

The acreage under max IN Sosass
Russia in Europe has increased. IN
comparison with 1921, by about 10 per
cent, according to Soviet newspaper
received at tho Department Of Com
merce. The data Of the Central Stats
tlcal Bureau show that the acreage
under flax in all fax growing sections
exclusive of Siberia. amounted g
I,1S9,000 acres in 1921, which indicates
an area of about 1,250,n0o acres Sss
this year. Taking as a basis the aver.
age yield of last year-5.6 pools sono
pood equals 26.112 pounds) Of finer
per acre, the cxor Of 1877 shouId son nssi y1s,u
After allowing for the loss caused oy
insects and other crop destroyers, ana
for the farmers own use, the msrkess5, .es5
able quantity Of fax aber shonio cad
amount to between S,aD0. 900 and ,o0o,-
o0o poods, Considering the Mcguire
ments Of the domestic mills N z,ouv;i,, i,
900 poods, the residue for expoxs VIA
not exceed 100000 poods (ahout aS'-
900 long tons).
New-York tribune., 1922-10-30
! How Is Business?

eoiioNSsharp increase demands prices rising. nrodpcti
increasing - 'e' .PAou0S'A"n
SiLks-steady increase demand; prices advancn
gaining ~ As, piouuc1ion
so-beter demand for both spring goods. ncs
ead'ng upward; production increasing . ' p
being curtailed. ~ SA u Aur garments
APPAREL-Seasonable arr.ro !: ~
indications of rises for spring; production of ur WIN
ing =, 3- oi Nihser goods taper
,ad; demand causes prices ascend; low and
- m meaaun priced shoes advanced fractionalv ~ Ma M
1EWELRY-Demand brisk; production exnand;,,. H.,
firm e- o"faiAuiis; diamond prices
ER-Demand strong prices firm large buvers
last Friday and Saturday = 'A e'eo i'ssa6e market
"I ALS-lron and steel prices less firm. connar nr;.
tional declines 80 M N1nc registered frac-
New-York tribune., 1922-10-30
Jewelry

Jewelry demand continued insistent,
ana Joboers reported large numbers Of
n;onaay rush orders. Bracelets, ear
rings, is, rings, watch-chains, bar-pins, tie
clasps, lingerie clasps, bangles. hair
ornaments and smokers articles re-
csiVed the most attention from buyers
OF popular priced lines. Silverware or
eers continued to pour in and manu-
iaceurers remarked that higher priced
Ieehs ns were by no means neglected.
diamonds and colored stones sold we'll
and there was no let-up in the demand
Tor corals, canoes and pearls. Jobbers
reported collections satisfactory.
New-York tribune., 1922-10-30
strong financial position of the raw
fur dealers has enabled them to hold
prices at their old levels
Apparel

Goats and suits for women and over
coats for men were active sellers in the
local wholesale markets last week as a
result of the colder weather, good
business and retail and short stocks on
tne IN, shelves of the retail merchants.
Inc season in the wholesale markets
seemed to be carried beyond the usuaI
time as result of the delayed buyinp.
The women's garment spring season
VIII be inaugurated in the next two or
three, weeks. The mems spring season
In wholesale circles already is under
way, with larger and more orders re-
ported than was the case last wear.
Hints Of price advances in mems cloth
ing are being ,Nrown out in view of the
advances In The woolen and worsted
markets
New-York tribune., 1922-10-30
Work Clothing Exempt
Not Subject TO Tax on Sports
Garments

The international Association of Gar
ment Manufacturers has secured from
the Commissioner of Internal Revenue
ct Washington definite ruling that
relieves from taxation ali work cloth
ing that has heretofore been subject
70 tax OF 10 per cent, as hunting.
shoeting or riding garments. Aside
rom the tremendous saving that this
ruling will effect for the workingmen
who use these garments it is of pri-
mary Importance in that it eliminates
nfair competition by unscrupulous
manufacturers who have evaded the
tax by falsifying their tax returns. 1t
enables the honest manufacturer to sell
his products at the same prices as
charged by his dishonest competitors
New-York tribune., 1922-10-30
Twin CITY Rapid Transit

=, Question-Can you give me any informa-
tlon on Twin City Rapid Transit around IS
which ! have held long time to ad-
yna1,, yance? It is now going up; Yesterday s2
would you hold 1t for better price or
might 1t not be some large holders irving
TO- unload? VI II you have any information
on late knowledge would be very pleased
to have it. also your advice.-.w. S. McF.
Answer-With the declaration of
per cent dividend on common stock.
payable July |. 1922, to holders of
record June Is. President Lowry. Of
the Twin City Rapid Transit Company.
was quoted as saying this could be
considered semi-annual dividend and
that the company expected to maintain
per cent dividend rate. In February.
1922, dividend Of per cent was paid.
Recent decisions have favored the
company. Earnings are about the
same as for 1921. The common stock
OF this company is speculative and de-
cision as to whether you should dis
pose of it must be made by yourself.
New-York tribune., 1922-10-30
Should Take u. S. 4lIs

Question-Wiil you kindly tell mo which
are the safest bonds for poor person to
invest her money In? am a poor woman
and have $500. and I would like to buy
mortgage bond good bond, or Is the Gov
eminent Treasury bond, or the OIL Re-
hnins safer I would like very much to
before let my money go. Also tell mo
whers here TO 60 to ind out the full particulars
| VIII be very glad to find out about some
Answer-Your letter is a fine az
ample of contrast in investment value.
We do not only suggest, but urge. that
you put your money in the new govern
ment ~ per cent bond. Any bank will
be glad to handle the transaction for
nominal charge or no charge at all.
New-York tribune., 1922-10-30
Just Speculation. That's All

Question-some of my friends have tried
TO interest me in the stock OF the Betty
ONeill Mines, located at Battle Mountain,
Nev The stock Is being handled by the
George w. Sias Company. of Boston. and
the mines are said to be wonderful
prospect for silver. If you are In O.
information regarding the mines or the
promoting company in Boston.-D NJ. G..
Answer-Betty O'Neill Mines has a
capitalization of 100000 shares of s5
par value. Its properties consist of
twelve claims situated in Nevada and
Arizona. Money received from stock
subscriptions is being used for de-
velopment work and the company shows
no earnings to date. The present
offering Of the stock is at double it's par
value. We consider an interest in a
venture Of this kind risky specula-
tion.
New-York tribune., 1922-10-30
Little Need Be Added

0uestion--In August OF last year ad-
dressed you concerning nfty shares OF
preferred stock of the Federal Adding
Machine Corporation. with which was
given bonus of ninety shares OF COM
mon stock, guaranteed 5 per cent cunu-
iattye, advising you 1 had purchased same
In April. 1918. Your reply wac not very
encouraging and ] am wondering at this
time II you can advise me IL this stock
has increased or decreased In value
e. L. r.
Answer-The preferred and common
stock Of the Federal Adding Machine
Corporation cold at auction last month
at 1b cents and 8 cents share, respec-
lively.
New-York tribune., 1922-10-30
His Bonds High Grade

Question---Will you kindly criticize the
tollowing Investments: 800 in each of
the following: Montana. Power first S.
Norfolk & Western consolidated As,
United States Treasury 5% per cent June,
1924; American Telephone and Telegraph
collateral trust 5s. Southern Pacific sink
ing fund terminal As United Kingdom of
Great Britain and Ireland 5hs, 1897; $500
baltimore q Ohio Railroad convertible
4hs, $3.50 United States Liberty bonds ali
issues, and 25 shares Radio Corporation Of
america. Having $1,000 on hand TO invest,
respectfully ask your opinion on stocks or
ponds to add to the above list I am not
aependent on income and am in position
to follow conditions.-G. H. P.
Answer-Your investments are high
grade, and there is sufficient diversified
tion to permit of your increasing the
amount invested from 500 to $500
and later to $1,000, and believe this
would be desirable plan for you to
follow. You realize, of course, that
Radio Corporation stock is speculative.
New-York tribune., 1922-10-30
Silks

further strengthening of the silk
sanrket was apparent last week when
price advances ranging up to 12 per
cent having been announced by two of
xhe market leaders. The entire marke
Is on the upward trend, the advances
Deing greater on the novelty than on
she staple goods, A few of the novel
yes now are well sold ahead, one house
aasing Withdrawn its lines for the rest
the year and another reporting sew
erai of its leading fabrics sold into
next March.
Grepes continue to lead, with printed
crepes strong, for both fall and next
spring. The ribbon trade continues to
show greater progress.
Raw silk regained still more of the
ground lost in the decline early in the
previous week and is now close to the
high price for the current year.
New-York tribune., 1922-10-30
Choice of Stock Favored

Questlon--Hood Rubber rs, Deere & Co.
7hs. bonds. and Southwestern Bell Tele-
phone Company preferred have been rec
commended to me as desirable Investments.
Kindly favor me with your opinion OF these
issues and greatly oblige.-G. c. 8.
Answer-Although none Of the Sc
curities you mention can be consid-
cred exactly high grade, the" South
western Bell Telephone preferred
would serve your purpose if you are
not particular about limited marketa-
bility.
New-York tribune., 1922-10-30
Cottons

A.na Expanding volume and price r,se,
SSse oeen particularly consn;cnors Uses e.s
sns cotton goods field. Sales last Us a IN IN
so Ssfe the largest, according s to ,"s,e meek u,
sei1ers OF gray OF unfinished goods saay y
Ds processed for later resale s? oo
sns noom times Of 1920. Grav sanSe sallSe
saies IN Fall River were renortsS sSoas ~
approximately 100000 pieces aoa a.
trasted with recent weeks when sains s9a,
rarely ran above 100000 pieces. '3'ss
>. Demand for finished goods. part;cu
.sriy y heasy fabrics for industrial uses a
$50 mas broadened with advances !,
prices. More operating for spring q, =,
"@sn goods is being done by iobbers
New-York tribune., 1922-10-30
Hollands Exports of Cotton

cotton manufactures to the United
states, according TO report to the
Commerce Department from Consul
General Anderson. During july 81 CAS-
ounds of yarn. valued at $22, ,lo1. COM
Pared With 1853 pounds. valued at ST.
75S IN June, we're exported to tha
United States, while cotton goods
valued vt S1stS70 were shipped to that
eountryin July, compared with none ia
New-York tribune., 1922-10-30
WooIens

A better demand for wociens and
worsteds, both for immediate and
spring use, was reported last week. The
colder weather brought abeut some re.
oraers for heavy goods, particularly
overcoat fabrics. Some ~Eorsteds have
been advanced again, althsasil no Off
'ral announcement mas been made of
a~ne fact. Despite the advances on
srring fabrics, buyin:. appears to be
more brisk than it was at lower price
levels. Women's wear lines for spring
have begun moving in satisfactory
saanner
New-York tribune., 1922-10-30
The Week i'm Business
More Buying ON Rising Markets; Delayed Orders
Now Being Placed With Greater Free
dom; Retail Trade Active

ELAYED demand textiles
trend keeping wholesale trade
at this time Of the The old thatpe more
than
the evidence in the present situation Further
with broader activity reported cotn
Price advances beginning to be
goods which mate
as are the leaders In price changes with manufactured following
behind and the further the greater the
In price
New-York tribune., 1922-10-30
Empire Gas and Fuel 7Aa

ouestion-Do you consider buying tx
per cent Empire. Gas and Fuel bonds q
safe or speculative investment? The
fact that having been put on the market
less than six months ago at ssM they are
now selling at "a puzzles me. Most other
bonds bearing such high rate of intas.
est are quoted much higher.-A s.
Answer-Empire Gas and Fuel Tx.
are. suitable only for person in q
position to keep in touch with the com
pany's earnings and assume the risk
involved. They are a second grads
bond in our opinion. =
New-York tribune., 1922-10-30
Western Electric Preferred

Question--Do you consider Western Elec-
tric per cent preferred. quoted at 100X
conservative. safe investment for a per-
son of small means7 Isn't 1t more apt to
go up than down under present develop
Answer-Western Electric preferred
is a good investment security, but
whether 1t is more apt to advance or
decline is a speculative question on
which we must decline to express an
opinion.
New-York tribune., 1922-10-30
Anaconda as Investment

Queatson--HRvinB slightly over $1,000 Ia
invest and wanting good safe invest
mens. I would appreciate your advice on
Anaconda Copper stock The copper mar
ket has been 80 low that to my mind this
industry must shortly show condition
AKIN TO @ boom, or at least q great i'm
provement. II not Anaconda what do Yo1,
tnink OF the Martin Parry Corporation II
you have better suggestion it would be
very welcome.-J. =. -
Answer :. Anaconda Copper stock
does not receive dividend, and can.
not, therefore, be considered suitable
for investment purposes. A purchase
would be in the nature Of specula.
tion In a price advance or the resumn.
tion of dividends. The outlook for the
copper companies in general has i'm.
proved in recent months, it s true. hut
whether or not this condition has al.
ready been discounted in the rrice OF
the stock is question which you must
answer for yourself. Marlin Parry
stock would come nearer solving vour
problem, but American Ice preferred
ranks higher, we believe. New York
Telephone preferred would be still
s~fSSbSes ~
New-York tribune., 1922-10-30
Change in Northern Pacific

Question: have 40 shares Of Northern
Pacific Railroad, bought in 1918 at 87A.
Would you sell and reinvest In something
to yield higher rate with safety7 I haye
II shares Great Ncrthern Railroad. Shall
buy shares to round out holding? have
rs shares Manhattan Elevated. What ia
your advice about it? I want all the In
come I can get with safety.--Miss j. NJ.
Answer-Northern Pacific stock is
selling at approximately the same price
as when you bought it four years ago,
despite the fact that the dividend has
been reduced from to per cent
Disregarding prospects of appreciation,
we believe you could get greater
yield and at the same time greater
margin of safety by exchanging for
some other stock. We have in mind
stocks like American Car and Foun-
dry, General Electric, Pere Marquette
prior preference and American Ice pre-
ferred. We can find no good argu-
ments for buying Great Northern stock
or for selling Manhattan Railway, now
that the readjustment plan has been
declared operative.
New-York tribune., 1922-10-30
Atlantic Fruit Reorganization

Guestion--wni you kindly advise ma
through the columns OF The Tribune as
70 the possibilities of Atiantio Fruit II
this company being reorganized7 Certif-
Gates are quoted on the market at 2.--G. /.
Answer--Plans for declaring effect
I've the reorganization Of Atlantic Fruit
Company have been completed. All sf
the $4,000, GOO bank debt Is said to have
been deposited, as we'll as 81 per cent
Of the outstanding $10,00o,000 convert
tble gold debentures and majority Of
the 392,494.4 shares of no par value
stock. Holders of the $5,9O0,000 five
year notes. it was said, had agreed to
the plan. Assent to the reorganization
must be fled by November 2B. Re-
organization calls for floating a new
first mortgage bond issue and the ex-
change Of new stock for old.
New-York tribune., 1922-10-30
Investment Information

Qses.ions Of general iHterest 70 iH-
cesfors soilI 6s dnswsred In tkis col.
Nnsn. in phich case only initials ,DiU
BE- used. Others wiu be answered bx
mail. Addrcss all Inquiries, inctos.
ing 'stdmped, addressed envelope, to
FinanctGs Editor, The Tribune, IsI
NassaM Street. New Fork City.
New-York tribune., 1922-10-30
Furs

Desrite colder weather there has
been s9fne sIackaning IN the Wholesale
demand for fur garments psrticuia IL
in the neisum and lower G AIDES. Re-
peat or9ers ase not ming in as rapid
~ as mar fa~turers cevnted on, and
'sonlc east ltaent Of production is re-
ported. The. hsg gh grade business APP
pears 70 be Tess ected Prices have
rersined firris. The raw fur market
e 4. ,-iy,~ lnsA actiYitv. h.,. tho
New-York tribune., 1922-10-30
Answer--We see no necessity for
making change in your stocks.
INQUIRIES Should Be signed

Inquiries addressed to this depart
ment Of The Tribune are regarded as
confidential, but TO show the writer's
good faith all should be signed and an
address should be inclosed for reply.
Letters sfrom the following are being
held for identification: j. g.. J. C. M,
~. H., w. r. H., M. r., G. F.. s., J. b.,
Constant Reader" +. III. K, E. e. S.,
]. "W Widow.'J. F.. NJ. Mra. A. w. r.
and J. A. r.
New-York tribune., 1922-10-30
American International

oueHtton--Wili you please give me your
opinion ~ In regard TO American Intesna-
esoma. essan -. corp rporaddonT Do you think 1t will
way u keeps going down ?--A. II. M
Answer-The outlook for American
international Corporation has irn-
proved in general way in the last few
months. but whether or nor this Sit.
uation has been discounted iii the price
OF the stock Is q question yon must de-
New-York tribune., 1922-10-30
Not Investment Stocks

Question--Wiil you kindly tell me if you
consider keystone Tire a good speculation
the chances of selling on an upward mar.
ket? Is Nipissing Mines a safe invest !.
ment? Do you think thu present rate of
dividends will continue IA. q. c.
Answer-Both Keystone Tire and
Nipissing Mines stocks are speculative
and whether prices will advance is
something we cannot predict Divi-
dends on Nipissing last year, Including
regular and extra disbursements
amounted to almost 20 per cent and
this years payments have been almost
as much, but there is an element Of
speculation in the shares which re-
moves them from the investment class.
New-York tribune., 1922-10-30
American La France

ouestlon--will you kindly state in you.
Investment information column your opin-
ION regarding the investment OF @ small
amount in American La France, with the
idea OF getting high yield of interest on
the investment Miss H. ID. G.
Answer-American La France Fire
Engine preferred Is suitable for an in
vestor in position to keep in touch
with the company's earnings. The
common stock, we believe, is too specu-
lative to be regarded as suitable for in
vestment purposes.
New-York tribune., 1922-10-30
Thinks az s.Takinx Chance

Question--Am forty-eight, married, and
have have accumulated $1,000 In twenty four
certain ., % nave ts nes ns $3.50
ss5ITEesdy. invsstsd q. iolles.' 5000 French
mon, $1,000 American Public Service es.
$1,000 Empire Gas TVS, costing total
Of Of 1922 which is giving me an income
drawing per cent. Placing yourself in
my position and understanding that
my, capital. with desire to take as little
risk aa possible to secure tho income
th. e how wgud .s.rsa
Tho fact that write you for your idea
is L. ample evidence that am an old
Judgment. Am thinking of taking a
chance. on 100 Penn seaboard steel at
about .. Can you give mo any Informs
selling so Iowa.. r. C.
Answer-n you take chance on 100
shares Of Penn Seaboard Steel at s or
any other price you will have to do SO
without any assistance or suggestion
on our part. The stock is just an ex-
treme case of speculation, and any in
dulgence on your part would not be
consistent with the personal facts set
forth In your letter. Since you are no
longer In a position to increase your
capital, any speculative loss would be
irretrievable. This applies not only to
Penn Seaboard Steel stock, but to the
securities which you intend to hold for
permanent investment. We urge that
you place greater emphasis on safety
when investing your $4,000 Of free cap
ltal. Buy ten shares Of Western Elec-
trio preferred stock, ten shares of
American Telephone and Telegraph and
$1,000 United States Rubber TVS, 1890,
selling recently to yield about So per
cent.
New-York tribune., 1922-10-30
Callahan Zinc-Lead

Question-Will You kindly let me lonow
about Callahan Zinc-Lead stock offering
have thirty shares of it. Please let me
know II you think I ought to subscribe to
new shares. I do not understand what
the basis one to Ave means. Do you think
ought to sell this stock I bought at o
rauch higher figure ?-M. P. r.
Answer-As a holder Of thirty
shares Of Callahan Zinc-Lead Company
stock you have the right TO subscribe
before November 20 to six shares at
par ($1o); that is, one share for each
Eve held. With the stock below $40
no value attaches to the right. The
outlook for the company has improved
with the advance in lead prices, and we
see no reason why you should dispose
Of your stock at present.
New-York tribune., 1922-10-30
No Reason for Chanpa

Question-Your advice will be much an
preciated in regard to following bonds:
Utah Light and Traction 1st and refund
ing per cent series A, due 1914; Central
indiana Power first mortgage collateral
ana refundins per cent series A, due
ls47. The writer holds one each of the
above and would like to know IL YOU con-
slider these a good investment or IL you
would suggest a switch.--H. D. l..
Answer-We see no reason for max
ing change in your bond holdings.