davidaulloa/AmericanStories huggingface dataset:
New-York tribune., 1922-12-11
Victor Talking Machine

ousstion-Rindiy sivs me some inior-
nation concerning Victor Talking Ma
chine Company common stock when sels
AT fg5, par value 100. What interen ooel
this stock pay on the par value, nnd WY
is II unlisted fs an unlisted stock oesii-
abie1 II there any way ot keepinB IN
touch with unlisted gtocksr what 90 you
think Of this stock as An inVostmenti-
L. W. 8.
Answer-The Victor Talking Machine
Company has recently declared a 500
per cent stock dividend TO common
stock holders. At the time Of the pro
posal Of the dividend II was said oy
the president Of the company there
would be no change IN the cash distri-
button. The common stock formerly
paid dividends Of 30 per cent, 80 the
return on shares under the Increased
eapitailzation will be approximately
one-seventh Of 40 per cent. The com
pany Is largely controlled By It's man
aRement and probably has not eonsid-
cred outside interests sufficiently large
20 make listing Of the shares on an
exchange Of any great advantage; Ihe
fact that the shares arc not listed does
not detraet greatly from their invest
ment value and we consider the stock
suitable for a business man.
New-York tribune., 1922-12-11
Why Yield Of 10 Per Cent?

ouestion-wll you please eve ne
your opinion Of Computing Taoulating ne .hs-
cordinE Company's bonds and common
stock az q busineHs mans Investment ~
the earnings OF the company are at tne
rate OF si2 n share for the year. why ~
the stock selling 20 yield nearly 10 per
cent? Please advise some preferred stoess
which you would rate as business man
inyestment and yielding 70 per cent OF
better.-LA 8.
Answer - Computing -Tabulating- Re-
cording 6 per cent bones arc s.,,SsS q rssSO" :
nosition IN a higher class than the one
TO which the average business man
need confne himself. The common
stock contains a business mans risk
despite the fact that the company is
now earning twice as much as II pays
in dividends. At recent market prices
tha stock Yields about 0 per cent, a
rate obtainable on numerous hstea
stoeks that are Just as we'll supported
bv earnings.
New-York tribune., 1922-12-11
Outlook for Reinvestment This Year

oHeson have 5000 Victory bonds wh called for mp
ton December u.s. understand hare delayed dspng Of them Vas Va
ing bond prices and fnc' the m
have ny VeiSys NeT, shall have rait called
rsiuvestng
DO ASk rsurs'msHt demand the ell
pee did
you think might vau realize predict chat prices n d.
you'd appreciate IN this mster~R. W.
AnswerYou have raised point which many
this column interested As guide what be expected happen
at the turn OF the and during the first three weeks Of January
experiences Of the will be found valuable The
rise in bonds during January 1922
during the last three follow however
there viii be material rise bonds renvesent demand Janu
Market conditions they year ago.
New-York tribune., 1922-12-11
An Expensive Pastime

Cuestion-Having been a reader OF your
paper FOR many years. taking special In
terest IN the financial column. am writ
ing 10 ask your candid opinion regarding
the following stocks which I hold Tor
specViation. 50 shares Ray Copper
bought NJ 5GK. 30 shares ray Coppsr
bought al igH. 90 shares WHY'S over
land common. bought at iBL: a5 shares
OF WHY'S Overland common, bought ~ -
so shares Tennessee copper, bongnt a,
i3H. Also a Nassau Electric Railroad
bond per cent. bought At AZ the
present prices stand quite = loas, ana 90
not feel In a financial position 70 take the
loss. unless II IL really for my if'erest 70
do 80 Tho last report ] had from WHY'S
Overland Company did not seem very
promising. but u may be that after nav
Ing had such great readJuatment tne
company may BE- In hrmer position hna
that the stock VIII advance. However, u
possible ! would greatly appreciate your
opinion. did not turn IN the NessAu
Electric bond. but hold sams.-A. n H.
Answer-If your financial position is
such that you cannot afford 70 speeu..
late, we think you should dispose OF
the securities you hold and replace
them with investment bonds or pre-
ferred stocks Of high grade. Speeula-
tion is an expensive psstime Tor those
who cannot afford 10 lose.
New-York tribune., 1922-12-11
Commonwealth stock Prices

Question: noticed IN your paper to-day
cuestton and answer on the Commoh.et
Hotel Company stock; II ,i',a ln.erei. M
market Tor this issue, and ] wish 70 sug-
rest 10 you the advisabillty OF giying lou!
lnquirers the benefit OF the quote1 ni@i ~, -
on the securities about when tney 50.
/ think IL would BE- very Interesting ,oI
nerson who has considered paying 'lzo Pc!
snare for stock 10 know that the presen,
market quotation on II IL 80 BID. onerca AZ
So This IL the case Win tho Son'i''"
wealth Hotel siock.-R. C. NJ.
Answer-In our comments from time
20 time on the Hotel Commonwealth
stock we have frequently quoted open
market prices on the shares as report,
ed by dealers specializing In unlistea
stocks. The Hotel Commonwealth
representatives, in answer to TINS,
have eontended that the open market
prices are fictitious and that they
have endeayored without avail 10 pur,
chase shares supposed 70 be onerea
around $50 each. In any event. they
saw. the offerings are limited. and IN
no sense can the prices quoted be re-
garded as representative. they nave
added that membership In the Com
nonweaith Club. whieh goes with
purchase Of shares, is not negotsnle
and, therefore, shares traded IN IN the
omen market do not carry this PRIV
iIsge. whatever the situation. how
ever. we believe prospective purchasers
are entitled 10 know that shares are
euoted By dealers in unlisted seeuri-
lies eonslderably below asking prices
OF the employed salesmen, and the
lem 70 which you call attention Is
one Of the few appearing IN those col
nmns In which the question OF open
nsrhst prices was not raised. We rec
ncnI.e that the open market for un-
ilsted stocks Of new companies Is un-
EXTRACTOR In many instances, and we
hsIlsye that-other things being equal
"a stock listed on a public market
and actively traded In must be regard
"A a. preferable.
New-York tribune., 1922-12-11
French Internal Bonds

ouestion-can you give me your opinion
OF the value Of the Republic OF Franes
national loan bonds OF 1890 as an Invest.
ment7 A friend Of mine. a widow, has
approximately 1000 francs OF this Issue
bought ~ the time Il was first offered. ana
has drawn tho interest promptly. While
not dependent on thia Investment yet she
would like to know whether you would
advise retaining them tiil maturity. OF at
least until the franc returns 10 normal
Furthermore. what n the prospect OF thia
latter happening within tho next genera
ton or within the life Of the bonds7-
J. /. T.
Answer-The good lady, through you,
asks questions on which volumes could
be written. questions which are beyond
the power Of the greatest fnanciers
and economists in the world 10 answer.
OF course, she has been receiving in
terest regularly, but the value OF the
francs received as interest has de-
creased. As long as these bonds re-
main outstanding the value Of the bond
itself and the coupon franc will be
regulated by the rate for French ex-
change. We do not know when the
franc will return 10 par or what is
tho capacity of this lady for speculat-
ing in foreign exchange.
New-York tribune., 1922-12-11
Columbia Grnphophone s.

ouestlon--I am interested IN one Si.oeo
nve-year per cent geld note OF the CO.
lumbiA Oraphophons Manufacturing Gem
pany. Nay I ask your opinion AZ 70 ths
deslrabiiity Of holding this with expecta-
ton OF fuii value IN one year or I've year
period or selling same Al ita present mar
ket ana seek 10 recover aome OF THIS loss
through other purchase. or give fugEee.
ton Of bond IN which proceeds OF sale iit
saio advissd) could be investsdf-c. T. H.
Answer-There is an element OF un-
certainty attached 10 Columbia
Craphophone ss that makes II impos-
sible 20 predict what the future price
course will be and we cannot decide
FOR you, therefore, whether II would
be wiser TO hold in hope Of recovery
or 20 sell At a loss. All that can be
aid is that the outlook for the com
pany has improved In The. last az
months and unless you feel you can
afford 70 continue the spe~lation. you
should place the proceeds Of sale OF
the bond IN other securities, stock,
perhaps. Thirty shares Of General
Electric special stock would Be suit
able.
New-York tribune., 1922-12-11
Has Limited MarketabIlIty

ousstion-whAt Is your opinion Of John
X. Stewart q Sons, Inc, ten-year serial
per cent convertible gold notes. dated
July I, 1929. due $500 annually July 1.
1921, 10 1852, located in Amsterdam, manu-
facturers OF underwear. cloth ana yarns;
also bethlehem Steel I per cent prsferredi 7
p. c. G.
Answer-John K. Stewart 4 Sons 7s,
1892, Is a small issue and will have
limited marketability, In our opinion.
We consider these bonds second grade
and undesirable from an investment
standpoint. Bethlehem Steel Z per
cent preferred contains an element Of
risk, but may be considered suitable
for business man.
New-York tribune., 1922-12-11
Empire HOmebuIidlnr Securities

ouestion--A representative Of the I'm.
pire HtmobuiidinK Association has solio-
tied my subscription TO tie bonds and
preferred stock. I would Greatly appre.
ciate the attention n you would give me
your candid opinion of thu integrity and
merit OF this propohton.-s. ID. =.
Answer-The Empire Homebulldlng
Association is a comparatively new
organization, and its plan Is 10 loan ita
capital on improved real estate, and
IN no case Is the amount loaned 20
exceed $4,000. The property securing
mortgages is confined 10 homes, and no
mortgage Is 20 exceed so per cent Of
The value Of the property. Funds arc
trusted and released at the time
loan Is made and bonds issued. Man
agement is the important factor In de-
termining The future Of companies Of
this kind. We consider the securities
suitable only for those In a position 10
assume a business risk. and we regard
tho management as competent.
New-York tribune., 1922-12-11
American Cotton OIL

os..tion-whAt IL the cause OF the sharp
A.-ii,e m the common stock Of the Afneri-
ssn Cotton oil Company, whleh hes e oe-
cured reeentIyf what intorInnuyn1 a1s,1o, eSs -,
his eonpany7-W. 7. c.
Answer-The declining tendency In
,hs nrice Of American Cotton OIL
.hs,es NAV be attributed 10 the heavy
iasses Incurred BIZ the company In the
sv,shIng Industry and In the cotton
.ssd iii and compound lard business
consequent upon eondihens prevnl.ins
-. 80 eomnany for the years ended
A. nr,rst Sl. 1921 and 1922, diseloses
deficits from operations OF tL,ses,oLI
and s2,47o,s $50 for the respesuse yss'. ye,n
Profit and loss surplus stooo A' |@'Ni''-
iss on August 81, 1922.
New-York tribune., 1922-12-11
Beacon Mortgage and Finance

ouestlon-Klndly advise me on the posi-
tlon OF the Beacon Nortgage and Finance
Cooperation. A friend has advised me 20
invest IN this company as ] can obtain
the unlts on an installment plan basis
". X. A.
Answer-The Beacon Mortgage and
Finance Corporations general plan Of
business is 70 sell shares OF its stock,
preferably, though not always, on the
partial payment plan. The policy OF
the company Is 10 invest its capital in
frst mortgages or loans. The company
has been In business about two years
and fully paid capital outstanding June
80, 1922, was Si0,7i0. No financial
statement has ever been Issued and AT
present there arc too many elements
Of speculation in the stock 70 give Il
any consideration from an investment
standpoint.
New-York tribune., 1922-12-11
Hudson q Manhattan Bonds

ouestion--will you kindly explain ths
difference between Hudson a Manhattan
refundlng and adjustments Also would
tho Third Avenue adjustments be better
spcculation1- I'll. N. T.
Answer-Hudson & Manhattan re-
funding 5s are a prior lien 10 tho ad-
justment 5s, 1857. but interest on the
latter bond Is cumulative. Naturally
the former ranks first, but We should
prefer the latter 10 Third Avenue adj
justment 6s.
New-York tribune., 1922-12-11
I. NJ. N. Preferred

cusstion-win you kindly give ne yovl
valued opinion Of the preferred STOCK 81
the International Narcantiis Marine az az
Investment. with special fefsfsnce 70 sAie-
" OF prinoipai7-J. IL. r.
Answer - international Mercantile
Marine preferred stock 10 suitabl for
a business man In a position 10 keep 10
touch with shipping conditions and as
sumo The ordinary business risks IN.
volved. Because Of adverse conditions
recently prevailing, the stock has de-
ellned In the market 20 a point where
the yield Is out OF line With that of
good preferred stocks. For that
reason the purchaser should be on hi'
guard. II offers attraetiye possibih-
ties, however, for the discerning busi-
ness man, slnes dividend aeeumulations
amount 70 42 per cent.
New-York tribune., 1922-12-11
Lincoln Motor Speculation

ouention-soms time ago I bought on
tho New York Curb 1fty shares Of tho Iin'
coin Motor stock For the last ten days
/ dent see Il quoted any longer. Kindly
tell me something about it--A. ~.
Answer--Lincoln Motor stock has
been highly speculative, particularly
since Henry Ford purchased the assets
Of the company at the receivers sale.
Whether there Is any value 70 the
shares will be determined by the re-
eeiver's report 70 the United States
district court.
New-York tribune., 1922-12-11
No Eoultie. for Common Stock

ouestion-Pisase give me particulars OF
the RefrlEerator Car Equipment Company.
SPOKANE, Wash. what are the prospects
OF future dlvidends1 what H. THIS aoe-
would you consider a fair value for u ~
presentl--J. W. T.
Answer-A balance sheet Of the Re-
frigerator Car Equipment Company
does not disclose any equities for the
81 SOC, 900 common stock outside OF pat
ent rights, which are carried at s1,oOo''
600. Income account Of the company is
not available, but we do not recommend
buyin0 stock of a company that repre-
sents nothing more than potentiAlities
New-York tribune., 1922-12-11
No Longer Quoted

ouestion-Several years ago bought
ten shares of bethlehem Motors at $40.
Now DO not SEQ them quoted. when I
asked tho broker who bought them for me
ne told mo that the company Is In re-
celvera hands Could you give me any
more Information about these stocks and
obiige7-A. y.
Answer-Your Bethlehem Motors
Corporation stock is Of no value-ex-
eept that which may attach 70 II as n
warning 70 you 20 steer clear In the
future Of speculative securities. The
group Of old stockholders who pur-
chased the properties OF the old COM
pany from the receiver, began opera
lions seYernl months ago.
New-York tribune., 1922-12-11
Shares at Is Cents

Question: was foolish enough % inves,
" loo shares OF Richneld- forba OH when
thcy nrst starred. Have not bean able %
near from them In over eighteen month.
~ you Toll me anything about tholr pros
pcctal Am very much interested IA your
investment infogmation.-H W. r.
Answer--We have no report Of
operations Of Riehfeld-Yorba Oil Com
pany,. The eompany's Office Is In Los
Angeles and market for It's stock IL
confined 20 brokers In that locality.
There Is no New York market for
shares, which are quoted IN Los An
geles as selling around 10 cents.
New-York tribune., 1922-12-11
Inquiries Should Be Signed

Inquiries addressed 10 this dspar0
ment Of The Tribune are regarded t
confidential, but 70 show the writer's
good faith ell should be signed and sn
address should be inelosed for reply
Letters from the following are being
held for identificationi Mrs. J. g., G.
I, &. q & s. s. r. y F. T. T. g., e. B. T. = " l.. Nv: " & e
2. D. KL W W. "Iayes'1s." In < Z " !. W "
j. G., J. H., W. f. H.. NJ. r, @. y. 81
and ]. b.
New-York tribune., 1922-12-11

tant extension Is from the kingwooo
Pool, Okfuskee County, Okianomai -
the fields in Stephens County s'
lust north Of the Texas border. Otnel
pipe line extensions include Iines ins.
the new Cambridge Pool In Cowles
County, Kansas, and additlonal e1ssn' v
slons through Greenwood County Nan
sas.
New-York tribune., 1922-12-11
Inv estment Information

Questions Of general interest 10 iH-
vsstors iCili Be answered IN this col.
utnn, IN uhich ease only iAitials tgil
BE- used. Others wiu BE- answered by
mail Address oil inquiries, iHelos-
ing a stamped, addressed srvelops, 20
Financial Editor, The Tribune, ftk
Nossdu Street, Ncw York City.
New-York tribune., 1922-12-11
I.,,, e,oek land Bank Bonds

or..,aaaNwIil you Kindly give me yeuf
,,sE. ons's9'to ns 10 ths absolute security. Of IN
.s.snsnt IN Joint stock Land b bens
serdsf IL investment In Joint oeoek
pp.rd pank bonds equally secure y t.s
x,rsr.nt Joint Steak Land lanke
~. ,~hvy il Investment In Iedsfai Lsho
Hank bondaf II not. why notf-"' II. Z
Answer-JoInt Stock Land Bank
honds Of the several banks throughout
.Sn DO.uo sonntry cannot be regarded as
snuaiIv secure. Tho banks are or
rHnIEed with private capital and, al
shough operated under government
snneYvision, are subject 70 business
sanditions in the particular territory
in which they operate and 70 the va
Setv Of nanagements. In other
words, the securities vary as they
would In any private enterprise;
Theoretically, perhaps, the bonds OF
the Federni land banks might 20 saiei
than those OF the Joint Stock Land
Ranks. since the banks In the chain are
irterdependent, the stronger ones
helping the weaker. There Is no
nrnctieal reason why the bonds OF one
~ the strongest Joint Stock Land
banks. such as tho Chicago bank,
should not be Just a. secure az the
FEDERAL Land Bank sacurites. We be-
lieve.
New-York tribune., 1922-12-11
/. To Extend Pine Lines

u, SHpirs Pipe Line Company. the
D.. ~ : transportation subsidiary OF
is,s ss5 sSs55yiee nee Company. has completed
asIor ~ :, = beginning work on the ex-
,ltlvs "a new pipe lines which will
tlnlos. apital expenditures of several
VI dollars. Tie most impor-
New-York tribune., 1922-12-11
$2,500,0oo
Adirondack Power and Light Corporation
New Series

First and RefundIng Mortgage Gold Bonds
seIs o s1ls
Dated March l. 1920 Due March l.
Interest e. P; any MAY 1 % 5 %'4s s sdc S NS G c'H i; ssS
and interest," % N fsfsF s T4S T re sy x hCi Ci y nd to .S @ %
Guaranty 1ustcOm New York Trustee
I..u.ne. authorized by
Company without deduction for Normal Federal
exceeding 30 which may lawfully pay " the source
The following information taken
The Adirondack Power Light Corporation entire electric light
and power Schenectady Oneida Gns Falls Saratoga Springs
taiUed region The Company gas
these these . % S a comosn npsT 3 ero oy d M viii snd
bv practically all the electric territory directly
and indirectly population Of approximately 100000
Earnings
ended October
OD.rdnS O h.I1s Expense. Maintenance TAKE. and s:oass,
A..S E 1ar. naaasa s 900 Mortgage Bond. Cndns a aj ;sss
sal. for other Interest Depreciation Dividends
Net Earnings over t~e the
The Company owns over installed ydroect generating
capacities Hudson and oOc Rivers and East Canada % cs. and
plant now has a total rated capacity of 10000 kw
AZ csap5 '0 the Common Stock owned Inc General '
We recommend uhsssB
Price 9sM and interest," to yield about $3.50
Complete circulars upon
Bond. arc delivery and issued and received p .sa
Harris. Forbes & Co Coffin & Burr, Inc
New York New York
E. n. Rollins & Sons
New York
New-York tribune., 1922-12-11
Stock unsuItabIe for Woman

ouestion--A salesman II trying % get
mo 20 buy some shares Of the National
Electric Water Heater Company stock
claiming that IN the near future Il will
bo a wonderful investment and that right
now they are paying quarterly dividends
OF 8 90 10 per cent. guaranteeing no less
than { per cent. I ana receiving consider
able newspaper clippings and literature
from them and would ike 20 know ana
have your opinion and advice before put.
ting my hard-earned cash IN stocks
Mlas q. u.
New-York tribune., 1922-12-11

-Four full columns OF In
uestment questiOns and an
srcers SOiI be published IN
The Tribune every Sunday
and Monday. o. other days
one full column iOiu appear.
New-York tribune., 1922-12-11
. conslder National

Answer - We consider National
Electric Water Heating common stock
involves the risks Of a speculation.
Until this company has demonstrated
that there Is sufficient demand for It's
product 20 make the stock profitable
we would not recommend II.
The Manitowoc pilot. [volume] (Manitowoc, Wis.) 1859-1932, 1922-06-29
NARROW ESCAPE FROM DROWNING

Frank Becker, aged Is, and Victor
Budnik, aged IL, living in the Seventh
ward, were playing about the South
Side municipal beach Saturday. The
old police rowboat was on the beach
and the lads got into it. Some larger
boys in a spirit of mischief pushed
them out from the shore and they be-
gan to drift out They couldn't swim
and had no oars. John TuSil, fisher
man, sighted the boys over a mile from
shore. The boat was half full of water
and a heavy sea was running. He got
them aboard his fish boat and took
their craft in tow Their help didn't
come any too soon, The boy whose
idea of a joke carries him to reck-
less disregard of human life is too near
the bestial stage to be a safe person
for the community to permit to run
at large.
The Manitowoc pilot. [volume] (Manitowoc, Wis.) 1859-1932, 1922-06-29
BASEBALL

The Aluminium Goods team defeated
Two Rivers at the local West Side
Park Sunday afternoon 9 to 8.
One of the first visitors up to bat
clouted a circuit drive and it looked
like a crepe for the locals, but it was
only a fash. Stoney Jr., is getting to
be a regular pitcher. He delivered
seven hits and had eleven strike outs,
The visitors got three hits and three
runs in one frame when he wobblcd
The locals got eleven hits and four
passes off Bremen.
The local Lutheran Mems Club suf-
fcred their second defeat of the season
when they lost to 0 to Brenncrs at
Green Bay. Up to the eighth the Luth-
Grams hadn't made a hit and they only
made a total of two. Koch allowed
nine hits and had seven strike outs
The North End Clotheirs jouneycd
to Menasha Sunday Let the facts be
known They lost # to /. The score
book showed % errors They were
batting against a big time pitcher and
managed to gather six hits of his de-
livery Red Nisled pitched but what
can anybody do with 22 errors behind
him
Two teams organized at the Alumi-
mum Goods factory baltled for supre-
macy at TIC West Side Park last Sat.
urday Blair's Specials won 10 to o
over a team enjoying the advantage OF
the name Of Kellcy's Cyclones. Nnuk
hurled for the Specials and Stedl tried
it for the Cyclones until waited off tn,
mound It was good amateur bal
game with few errors.
The Manitowoc pilot. [volume] (Manitowoc, Wis.) 1859-1932, 1922-06-29
ATTENTION

The Summer Outing Department Of
the Big Brothers and Big Sisters of
Milwaukee is glad to announce that
Miss Julia f. Kelley has kindly agreed
to act as chairman for Manitowoc
county.
This means that through Miss KcI-
ley's efforts a group Of Milwaukcc's
mdernourished children will leave their
basement homes, their crowded tene-
ment quarters, their alleys and cutters
and enjoy two weeks vacation as
guests Of the ladies Of Manitowoc city
and county.
So far the Department has registered
$50 children, a mere handful compared
to the crowds of eXpcctant little girls
and boys who viii troup into the of
fee after the close Of school, each one
with absolute faith that he will bC
among the chosen.
The Supervisors job is not an cas-!
one, for she knows that some of tn,
eager little applicants must be left be
hind unless we can prevail upon th,
women of Wisconsin to be even more
generous than they have ever been be
fore.
One Of the most unpleasant duties o
this organization is to turn away th'
colored kiddies. They can see no rea
son why their dark skin should ba
them from a glorious two weeks o
| Heaven.
Those interested in the cause of tn
undernourshed children please com
muncate with Miss Kelley si3 Sort
7th street, Manitowoc, Wis, she will b
delighted to add your names to her lis
of Hostesses.
JOSEPHINE i MCCLURE
SUPERVISE