davidaulloa/AmericanStories huggingface dataset:
The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1922-10-02

The remains az William q. Andersen,
AZ. aged and respected c,T.i war vet
sran - o." ca;u" 80 WASHINGTON III thu"
early psf "r trI~ .sar lruar Walkers
yl.ie. Levi county. ". Va. g." rc>.d"
wiki HIS daughters. Mrs. George Il.
The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1922-10-02

Louis II. Pigg has been comm .',,-
nostmastcr al l.dEarto"h' w Va
postoftice department mas iS""'"
order. effective oct. ". d'S'"' ''''"
,ho n,rire =, IL,rl9n npdGridg" COIN
- has advertised rur h,dS for cary
f,r The mails on a proposed star
,,,,,. connecting klrhr and h"rh'ah'
h,,h Mes, Virsinia villages.
The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1922-10-02

Notice received from IN" fcnS."'
E,,rcau today reported III" aWArd o. u"
uarsiou TO Frances y. 'a''-"'t
Morgautown. 1t the rae 81 sou "
month from sept. 6: ais" met an o','',
49,. boon tssued for ia" following
,l,imanrs to appear hcfo"c local 'A-
aiming pcnsinn boards: Fran, ShHNrr'
~ worthlnc,on: John \. Ear'ter o; -,
,manS. Iohu Z. Ilebb Of PARSONS anu
,rdrcw 4. Miller. Of huntington
The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1922-10-02

Who remembers he sIrl VINO used t.
New-York tribune., 1922-06-19
Chile Conner Bonds Vary

cussfion-In what respect are th- per
cent bonds ~ the Chile Copper Cor Upary
due itt2. notably Inferior 20 the per cent
bonds - the same company. due 1897 -
current market Trlcss tho difference 30
yield fo maturity is very cortiderahle DO
sou regard the Q PEI cent issue a,
ffHronabiy SECURE "hgfiness mans Invest
Uerf"7 What other bonds maturing be
tween 1890 and 1875 and Yielding per
cont or beffe- 90 maturity DO sou prefer
20 th'sef Your advice VIII b. gTeatly ap-
pTec.aiel.-L j. V.
An-wcr-The essential differences be-
tween Chile Copper r. and SIS are these
two; First. the Is are convertible irto
stock. par FOR par. while the S. are
convertible az the rate of S55 Of bonds
for each share of stock tpar value f25).
This means that the holder OF $4,000 s
per cent bonds can convert them into
100 shares Of stock and the holder Of
similar amount o. per cent bonds
can obtain 40 shares o. stock by con-
version. The second point Of difference
is that the rs are n first lien on i.0o0,-
900 par value of Ohio Exploration Com
pany stock, while the SIS are second
lien on that stock. We consider the SIS
reasonably good business mans in
veEtmont. but prefer the following.
which meet your requirements; United
states Rubber 7iss. due 1880. yielding
about 6.2 nor cent, and Government Of
Switzerland Sc, due 1870. and eallable
in 1880 or thereafter. selling recently
90 yield about 60 per cent.
New-York tribune., 1922-06-19
Securities Tor E1ehanre

ousrion-Inc,osei ri.sss nnd 70; -
bonds which have. Have been advised
o. feI those marked with q Cross Would
Ike yolr advice ir fhls matter. and alfc
frf rI. know what you would sugFes' buy
lIF in their place 7 want 90 get - much
ifflfn o. p1sslble. but safety is ihe ir.t
cons.Lef4for. Ten shares sfanlsrd on
preferred. g ono Iuqueanf IiFht g. I'm
p~risi jrpanese 4t.s s. ho0 United States
Rubber 3d. 1900 British gov-rnnleHt ~
: 900 1frhif0n. Topeka santa fe -
s'sfss steel ~. 1900 Central paeine Is
s. ono idaho Power - 81 .ot6 Utah Power
and iighf o.. g. of1 Province - ontario
g. Ton shares Northern Pacific. 8 COZ ca
madam Iacifc 49, 1900 Atlantic Coast,
Linz - 5000 Rel Telephone u Psnnsyl-
vania - n mo Adirondack Power and
iirht - s. 200 Fourth Liberty fhs y 900
Victory f',a. X g. 900 Firsf Liberty tNa
eriy f4f. 800 savings stamps 500 belle
Harbor. 81 mo Northwestern Rel Tsle-
phone. - \. $1,000 oregon Washington
Railroad ard Navigation is-c. =. y.
Answer-The securities which you
plan TO dispose Of are the Victory
notes. the Northwestern Bell Tele-
phone Is and the Bell Telephone and
Pennsylvania 7s We approve Of all
these prospective changes II you are
willing 20 accept sound securities in
their place Your object in disposing
Of the two telephone bonds. we take ~,
.s 20 avoid the possibility Of having
your funds turned back AZ some future
time when the prospect Of reinvesiing
hdvantageously would not be as good
as il Is now. In seeking a substitute
for these bonds Il will be necessary for
you TO accept slightly lower return,
FOR there can be no doubt that the call
feature has been preventing these
bonds from attaining their proper in
vcStment level. We suggest as an ex-
change for these bonds and the Victory
note one Of each Of the following
bonds; Swiss government Sc, due
1880. and not callsble until 1880. SELL
ing around lis for a yield Of e.3 per
cent 20 maturity; Pennsylvania Rail
road 6ias, due 1886, yielding about sc
per cent. and Canadian Northern Is.
due 1870. and not calisble until 1895,
yielding about So per cent. We see
no reason for a change in any Of your
other bonds.
New-York tribune., 1922-06-19
Holding Central Leather Preferred

cues,ion-in 1880 bought hfi.,n share.
- Central Leather preferred stock - $50
: am ffill holding fhsns The only return
have received On this investfnent % dzf.
was SO so. A. notice this stock is now
slowly creeping W srsln, would afk
whether you would advise holding on
longer or selling lt7 can yuu suggest some
thing else that would Do aaff that would
eventually take care nf fhc loss ~ interest
'utiained on this inycs,ment1-H J. s.
Answer From an investment point
Of view IL would seem unwise 20 carry
stock on which you receive no in
come and II you decide 70 make a
change you may select one Of the
reasoned preferred stocks frequently
mentioned In these columns. In that
way you could begin 20 recover some
Of the interest YOU lost In the last
two years or so. From q speculative
viewpoint. however. 10 may be said
that - is bad business 90 sell on
rising market. We cannot attempt 90
ofcr suggestions on such speculative
ventures and we can 60 no further
than 10 say that the Central Leather
Company has improved It's financial
position in recent months. The ad-
vance in price Of the preferred shares
is 20 be attributed 20 tho improved
outlook. but whether this situation has
been entirely discounted is 4 question
for you 20 decide.
New-York tribune., 1922-06-19
Question OF Exchange

cu-s;lon-i am ln receipt - letter
f-om kldder Pea body 4 Co asking ne q
exchange my preferred stock IN the Tor
rington Company Tor the kllder-Peabody
preferred stock. and IA which they tsy
ihey recommend tne exchange ana That
many st0c kholdera have already made a.
Please advise me II yoa favor the 81
change. ana - % Tor what reason. VIII
the proposed Increase % the commJn ssoeS
ID. J.. 4. !.
Answer-The proposed increase in
the common stock OF the Torrington
Company will not afect the value Of
the preferred. A representative Of
Kidder. Peabody & Co. informs "a the
reason for the suggestion 10 exchange
this stock FOR Acceptance Class "b
stock is desire 70 keep in closer
touch with their clients, members OF
the firm having retired from tile di-
rectorate Of the Torrington Company
and practically severed their eonnee-
tions with that company. Tne pre-
.e-red OF the Torrington Company k
cumulative Is 20 dividends while Ae-
ceptance Corporation preferred stock
Is not. The latter company paid d.
yidend Of 10 per cent last year on the
common stock. IL Is possible that the
TorringtOn Company wishes 20 retire
is preferred issue, which might be a
reason for the offer Of Kidder. Pea
body Z CO. We do not thiak you will
make e mistake in your decision, as the
stock o. either company is suitable as
= business mans investment
New-York tribune., 1922-06-19

Impressed as we arc with the funds-
mental economic necessity Of grocery
stores, We cannot, on the basis Of
known facts. characterize the so-ehlled
notes as sate investments. Funds placed
az this time in tho Manhattan Piggly
Wiggly Corporation. which is inde-
pendent 70 large degree Of the orig
inal Piggy Wiggly Corporation, and
which merely pays tribute TO the
Memphis enterprise to the extent Of
= Of per cent Of gross shles. are OBJ
viously speculative funds frAught with
all the risks attendant upon any new
business in the Organization stage. II
you think that the Piggly wiggly idea,
administered ard executed BY James
W. Elliott and his associates, who for
the most part are better known tor
stock selling than for grocery mer-
ehandisin'g. will succeed eonspicuously
in the East. where chain stores with
their evident economies OF operation
are no novelty. then you might pur-
chase PigGly Wiggly securities with
your eyes open, knowing ;hst you are
undertaking all the hazards Of an IN
New-York tribune., 1922-06-19
New South Wales Wooden
Trade Increasingly Active

Much activity is evident in the
woolen industry Of New South Wales,
according to the United States Depart
ment of Commerce. New spinning and
weaving mills are being built and
plants already in operation are working
~ capacity. The use Of high-clsss
wools. such as merino and nm.
crossbred has made the quality. OF
wool manufactures produced by Aus
tralian mills compare favorably with
those produced in other countries;
New methods and the latest type o.
machinery are being installed: and al
nresent there are ffty-two mills active
- Australia fourteen Of which are IN
New South Wales turning S out tv'is1S wees
un5crclothing and blankets OF very
good grade. c.h v.i,. IN
dystry has been rapid, the output o.
~ miles having increased from 5OO.-
GRO yards OF cloth in 1906 10 over
100000 yards at the present Tine
New-York tribune., 1922-06-19
Replogle Steel Finances

oussion-Bsins A constant reader -
your most valuable service fof investors
appsarirg IN The Daily Trihgre. and r.f-
t.if being an investor. ! would Appreciate
very much ~ you could furnish uf aa
information a. regard. Rep osi. steel
listed BY the company. rio tnr oN.,,lH
and slreefofs are and what Their arfiti-
ties are a, the present writing would nf
Information that I would appreciate very
much sincerely hope YOU viil p. IN
position 10 grant my T~gps.i Tor " hi.n !
plsh 10 thank you very kindly j. r.
Answer-The Replogle Steel Com
pany was incorporated as holding
company nov an operating company
in Delaware In 1919. II is engaged in
the mining OF iron ore. the manufac.
turc of pig iron and tire quarryirs a.
limestone. The balance sheet for
December 81, 1921, showed n surplus cf
l5l2.s59. against sffo.35i FOR March
81. 1872 Earnings in 1920 were az the
rate Of cent a share on The capita
stock; in 1921 there was deacit Of
more than 600 900. Net assets appii-
cable 10 the 100000 shares no par value
earital stock outstanding March 81.
1922. amounted 10 sll.9fa,35i. or Si7.I
a share. Officers as of that date
were: J. Leonard ReploElc. chairman;
Leonard Poekct. president; /. =. Ross
ard c. X. MaeNeill, v.cc-pTes!dertsi ;.
Il. Bell, secretary ard treasurer: J.. T..
Niekerson, assistant secretary and
assistant treasurer. and L. r. Dohn,
auditor.
New-York tribune., 1922-06-19
Financial Outlook
Favorable Despite
Securities Drop
Steel and Coal Production
and Cotton and Automo-
bile Manufactures Show
Increase During W lex

Industrial and financial conditions
IN the last week presented a generally
favorable aspect, notwithstanding the
reaetionary tendency in the securities
market, which apparently was con-
nected with the technical speculative
position.
steel production exceeded the best
rate previously attained this year.
More coke plants were started and
more blast furnaces blown in. Coal
production was greater and some OBJ
servers believe that plans were IN
preparation for reopening union mines
in the Pittsburgh district
Detroit employment figures showed
another increase. thus confirming
statements Of automobile manufactur-
ers as to the continuance Of satisfac-
tory business.
Railroad car loading figures con-
tinued good. Although the absolute
number reported during the week
ended June was smaller than in the
previous week, the rate was higher.
IL allowance be made for the Memorial
Day holiday.
Cotton Consumption Gains
A similar calculation showed that
the gain in the absolute amount OF
cotton consumed by mills during May
as compared with April was not ac.
counted for merely by the greater
number OF working days In the latter
month. Nays takings corresponded
almost exactly % the average FOR the
last ten months, which, in turn. were
% per cent greater than those in the
corresponding period a year ago. II
the present rate OF consumption is
continued during June and July the
total for the crop year will amount 20
nearly 100000 bales. Exports dur
ing the same interval will have drawn
slightly more than another 100000
bales from our supplies. As the actual
yield OF the last crop totaled only
$500 900 bales, Il was believed that
the earry-over will have been reduced
By approximately 100000 bales. II
will be, in fact, somewhat less than
normal. Prospects for n full crop In
the coming year meanwhile remained
doubtful, and operatives in the New
Hampshire textile mills were reported
to be showing a greater disposition 20
return 20 work.
The week. which brought unusually
large financial transactions by the
Treasury, passed without creating any
disturbances in the money market.
These transactions, which eentered On
June IS. included the collection Of
$500 900, 900 in income taxes. the pay
ment OF si25. 100000 in interest on
Liberty bonds, the paying of Of $780,
O00. 900 In maturing certificates OF in
debtedness. tho redemption OF $780,
New-York tribune., 1922-06-19
Car Lighting Speculative

ou..,lor-pieass b. good enough 70 sn.
Tighten We 0n Tho following fpp!'fi
possible. r. f1r Instance. stock IKE
car Iirhfing and Power. according %
financial reports haF on Indicated net
sffef value q So q per share. Why are
they w.tilrF nr even ANXIOUS 70 selt thfH'
shares f0r '0 cents ln ~ market DOES
~ mean that The lf.efa nra hard 20 N4vl-
date IN case ~ re.H..fr rr that ne cath
position - the rHn.nan. is weak or me
value ~ The assets. aa carried Doc ihe oooff,
Is quest ii'nshicr And now that MS com
rany offers fn 000 shares ~ per cent pre-
ferfsd stock ~ i1i par value On basis ~
one share common and s. ~ cash does if
mean fhaf The company values ~ COM
mon shares a. 80. Plus S cash or -. par
% Flsw. how would they record a franftc-
ilon Ike fhls9 ~ 40 10000 shares are
taken their books would show liability
NJ Ho.ooo times i-1 s. 100000. against
which they would receive cash assets
$1,000 times $3.50 o, 100000. = tho
difference % 100000 deducted from the
liability figure representing the ouistand-
!ng common s,ocS-that is 10000 shares
icss fai 500 Trusting 7 am not asking
TOO much. thank you for your kind rspiy
which VIII be appreciatsi.-P. T.
AnsWer-The object Of tho Car
Lighting and Power Company in max
ing exchange Of 10000 shares Of com.
mon stock now In rs treasury for a new
issue Of preferred. and the Offering 90
the stockholders Of the new stock, IS
stated % be for the purpose Of raising
additional working capital FOR the Cloth
el Retrigerating Company, subsidiary.
As n stockholdor you have the privi-
icrc of exchanging one-tenth Of your
holdings for an equal amount OF pre-
forred upon payment OF s. n share
~ rforl EXCHANGED For cNafnnio
holder % ton shares sgrrcndcrs one.
paying g.. ard receives one share Of
preferred stock ~ present the com.
rauy has 10000 shares Of treasury
stock. An issue Of 10000 shares 3
per cent preferred stock has been au-
thori-ci. The present treasury stock
is 20 - cancelled and the new pre-
forrci stock Is offered 20 present COM
mon stockholders Of 2S0.000 shares on
the basis before mentioned. All stock
holders subscribing will dispose OF
2s.000 shares o. tho preferred and
leave 1900 shares that can he sold
by .hc company. II tho company real
izos rnr $3.50 for the 1900 shares the
eFcc, 81 tho financing will give $780,
001 row capital In exchange for its
former holding Of treasury stock. The
resulting change Ia the balance sheet
will be 20 increase assets by amount
% cash received S490. 900. while in
amount liabilities do not change. All
stockholders receive the same privi-
lccc ard we sec no reason FOR not
accepting the plan as outlined, bear
Ing in mind that both stocks arc high
s. sQccula..vc.
New-York tribune., 1922-06-19
No Reason for Change

oue..lon-At present 7 an holding ne
,oflorInr bonds. Two 1900 Denmark -
one 81. 900 Province u Ontario =. ma
turlrx January ]. 1917, one i,NpY 80"
YORK Central debsnfGre Z. maturing lssf.
ore 81 600 Consumers Power I. maisiint
1875. Az. 400 French iss have be,h
suliritsd 70 r~il the t~o b-nfnarS eonas IN
favor of local or municipal sfegriiiss bli
an doubtful Gs 20 the AdF.sAbiliy 81 aoins
this and would appreciate your opinion
would also appreciate your sugsestlon As
"a on. or tgo other good reliable hiFh
rate Interest bonds and your opinion o.
sbov. securities a. Whole-N ;.
Answer-All the bonds you row hold
are good investments and We sec no
reason for making any change. We DO
rot get the point OF selling ne Den
marx bonds. Other bonds that you
might consider when ready 70 make
additional purchases are; Grea, North-
ern Is. due 1896. yielding about . per
cent: Duquesne Ligh, s.. due is's,
Welding about 5.s per cent; General
Electric S.. due 1910. yielding about
Sc per cen, and United states klo,
Der iias. due 1880. yielding about o.
per cent .-.- .---------
New-York tribune., 1922-06-19

tried speculation. We are glad 10 give
car readers investment information,
but do not attempt 10 forecast the
vicissitudes Of the tpeculator. Thus
far the various enterprises with which
Mr. Elliott and the Business Builders
have been identified have not reached
q stage where they have proved profit
able TO the stockholders. The only COM
pany whose shares were handled by
the Business Builders which is paying
a dividend. even on IFS preferred stock.
is Daniels Motor Company. which is no
longer associated with the Business
Builders. We close our comment with
this quotation from the prospectus Of
the Manhattan Piggy wiggly Corpora
tion. which purports TO describe the
spirit Of the Business Builders:
Ahead Of you are self-respect or re-
morse; success or failure; prosperity
or poverty"
$50 much depends on how you use
your money"
Consider the value of your money"
New-York tribune., 1922-06-19
Snitahle for lnvestment

oue,,lon--I have abol, 5000 20 invest
and am consiterirg brooklyn E1i.or COM
rany 20 1870. and pufh Iernira al Fuilf-
mrs "a 1880. 10 you think TIA, those
who l. tepsnden, upon The Income ana
mus, hav. absolute safety7 Are these
bonds caliahie ana what "a the security
back of these bonds ] have followed
your advice In the pas, ana believe
har. suitable invesimen's az present
Answer: Brooklyn Edison Is and
Bush Terminal Buildings IS are good
investments in our opinion. The for
mer are eallable at any time at lOl 4
or approximately the present market
price. There are four series 70 this
loan. all secured By a mortgage on all
the real and personal property Of the
company, now owned or hereafter ae-
quired. This property includes two
steam generating plants with an in
stalled capacity 81 10000 X. ". and
$3.50 miles Of distributing lines, of
which 3,i5i are underground. The Bush
Terminal Buildings Company bs are
supported by q sinking fund 20 pur-
chase bonds in the open market. ne
Ss.Bs9.000 outstanding are secured by
a first mortgage on the number OF
large modern terminal factory and loft
buildings in Brooklyn and New YORK.
These properties include nine city
blocks and nine seven and eight-story
steeI and concrete loft buildings in
Brooklyn: the office building OF the
company az 100 Broad Street. and a
ten.story loft building in East Twenty
ninth Street. New York. The latest
statement Of earnings shows that for
IN. ten months ended October 81,
1921, net income was equal 20 approri-
mately twice the interest and sinking
fund requirements Of this issue OF
kcrda
New-York tribune., 1922-06-19
Bank Stocks Quoted

Ou-stion-i would greatly appfeciaf
YOUR advice for woman buying BANK
,socks Ny reason Tor asking this 1sfs-
ton Is that read IN your intefinent
column this morning about bank tiock
paying IS per cent. and a. J an deslfost
81 getting IN. best paying stock M.l.4
80 20 have further information on same.
Where can ! secure b4nA stocks and a.
what prlce?-M. @.
Answer-Quotations on the most ae-
tive bank stocks are published daily
except Sunday in The Tribune under
the heading "Miseellaneous Markets.
You can purchase these stocks from
anv reputable dealer in unlisted seeuri. d.
ties. From the advertising columns Of
The Tribune you can select tie names
of houses which specialize IN bank
shares.
New-York tribune., 1922-06-19
Stock. With Investment Quality

Qussilon-ror several months ! have
watched market quotations on pelsWafs'
LackaHanna a Western Railroad. Amsrs
can Telephone 4 telegraph and New Jef-
ssy Zinc Company stocks fhey have
rsen with the recent general upward
trfni ~ fhe market Having read Tor
some time your lnVes'unent Information. !
take fhr liberty ~ asking your advice
0r tho purchase - these three stocks ~ the
present market value. a. safe and sound
Investment DO sou consider American Ia
France common az iiis fair Invest
mrrf or docs ~ verge on speculation, or
sflIl further. il ~ an out and out sprcA-
laflonf respect very murn your evident
discrimination between Investment ana
speculation n. a.. G..
Answer We consider Delaware,
Lackawanna L Western and American
Telephone and Telegraph stocks good
investments, but cannot attempt 20
predict their future market course
even by Implication. New Jersey Zinc
and American la France stocks arc
suitable for business man. The lat
ter is not an "out and out spccula-
tion. but rather an investment with
some speculative features,
New-York tribune., 1922-06-19
snme Of His Stocks Good

cs,slon-l haya apP-osimra'.ely s;.'oso az
that would litf '0 inf's. IN N.-.
rrade security t.'.4.nf lnoli ~
o. better. hoafs CO. Preferred stocks. ana
would aprrrclafe verv rigch volr adv's-
lrT no ronr~rrI-r fh~ invesflrg - this
a't1 ulN fnl n'fa-r rIN" NC you. HnNt."
On tfe following -'cc.l Nh..n no'l
,rs.t vt--i.la. rshl-from Metallic Door
rrrlra-~. warren frainI Guaranteed Mort
Fage Company. lcfn Trffcrfe1 ono COM
non. lro"r rrf alf Nftner7 prefefrcl.
Atra-.. Hrrc'v preferred. Aichison. To-
rl.a @ Santa u preferred. Union F1cihc
rr.-tfhts f~~ cent bond. duo lY-It
lerrs arl il.1r-ra ien-}ear rer CEN
VITA warrant. American writing
Falrr g Ttr cent h.af. due 1882, western
Trri.c o. Auc~.can Rolling Nii common
o. tsers fn Dc t0.irf quite good oeal
f.r 3our a-rlfe rn o.. these STOCKS. olt lL
there - ary ,irrge ! wil he f.af 20 mail
SOU a rhr"s rrr0rtnT same - 7. b.
Answer Our choice OF bonds yield.
irg & nCr cont or q little better would
include Public Service Corporation Of
Ncw 5er-ry Us. 1850, yielding about 81
nfr ccrt. 80. Illie 4 san Francisco
rr.or lca ts, 1880. Welding about 81
pcr ccrt.sri Great Northern Is. 1885.
Welding slightly under e per cent. 0f
the seeur.tioe you now hold We would
describe the following as good invest
ments; Atehison preferred, American
Can preferred. Union Pacific convert
bic Is. Western Pacific IS. andf Ad-
vance Rumoly preferred; and these
others as investments suitable Tor a
business man: Producers & RcAners
preferred and per cent bonds, Amer
lean Rolling Mill common. American
Writing Parcr IS. Warren (Chio)
Guaranteed Mortgage Company stocks.
Pittsburgh and West Virginia and
Dahlstrom Metallic Door are speculs-
tive. The Tribune makes no charge for
its investment service.