davidaulloa/AmericanStories huggingface dataset:
The Crittenden press. [volume] (Marion, Ky.) 1919-current, 1922-09-23
SEMINARY

hittio Crisp has returned from
blackboard where she has been visit
ins her brother
Mss Opal Moore spent Wednesday
with Mr Does Nation At Bspton
Mr Rcyel Crisp is in Hopkinsvill,
ihr week
Ca August 3l, born 90 Mr and
Mu % Thomas a sweet baby bo,
Gable Williams. Wufrcd Nunn and
C.aud Tower, went 90 Providers,
Monday
lommie Walker was in Rspior
Sunday
The Crittenden press. [volume] (Marion, Ky.) 1919-current, 1922-09-23
Farm roR sALE

Iic Acre farm % mile from Sc
lem on Marion road. room house.
sooi cellar d.isn $3.50 barns and
other improvements Good young Or
,haId 900 alfss n grass Plenty
q stock water Far terms cali on
J a AlVls. Salem. IS "a
The Crittenden press. [volume] (Marion, Ky.) 1919-current, 1922-09-23
u. shan on,.

The hiiierest words are those o. our
opu We are forced 10 sst-wsysids
Tales
The Crittenden press. [volume] (Marion, Ky.) 1919-current, 1922-09-23

hIs brotherF
Mrs. L ~ visited her
son C PNV1l Sunday
J. McDogal visited " - stem.
bridge SUNDAY
Mr and Mrs John Asher and son
visited in this section Sunday
Mrs Lura East and daughter Wis.
ited her mother one day lst week
Alrs Mamie Drcney visited Miss
Mary Mcdowell Sunday
Mis- Carrie Travis aud brother. Al.
bert, spent Sunday the guests oi "
b stembr.drc and wife
New-York tribune., 1922-07-09
Mexican Railway Bonds

Question--Among other securities I hold
ten $500 National Railways of Mexico prior
lien IA per cent due in 1857. These de-
feulted payment on their coupons In July,
1914. and l am inclined to put them on
the market and reinvest the proceeds.
Your good advice Is nsked.-E. II. w.
Answer-National Railways of Mex
leo prior lien AIS, 1857, are virtually
in the same class as that country's s
government bonds, although they are
not specifically guaranteed. Even if
there were a guaranty it would amount
to little, since the government itself
is not yet in position to resume in
terest payments on it's external OBJ
legations in default for eight years.
The outlook for bonus, it must be ad-
mitted, is brighter in view of the fact
that an agreement has been reached
between the wovernment and it's prin-
cipal creditors looking toward an early
resumption of interest payments, but
until some plan has been adopted which
will take care Of interest arrearages
and sinking fund these bonds will
remain highly speculative. Whether
you should sell them or continue to
hold them in the hope of further ap-
probation when interest is resumed
is a personal question you must an
swer for yourself.
New-York tribune., 1922-07-09
500 Bonds for Woman

Question-Once more wish to take
advantage of your advice, in which I have
great confidence Are the following bonds
suitable for the investment of a few hun
dred dollars by woman who is Ia'tia'ly
dependent on the income derived from
them? If not, you suggest some in
500 pieces that will yield around ~ per
cent and which not due II the near
future. say a fifteen, year bond or so?
first refundirg IS, 1850; Shawinigan Water
and Power AS Rock Island, Arkansas &
Louisiana first 41as. 1884, selling around
S0.-C. E. Y.
Answer-The Shawinigan Water &
Power 51as and 6s are good invest
ments for person in your circum-
stances, but they do not come in pieces
smaller than $500 We suggest Ameri-
can Smelling and Refining IS, .l947,
selling recently to yield about Sc per
cent; United States Rubber 5s, 1947,
yielding about 81 per cent, or South
ern California Edison IS, 1914, yielding
about SO per cent. These three bonds
come in 500 pieces. We do not con-
slider the Rock Island, Arkansas q
Louisiana 41as conservative enough
for you.
New-York tribune., 1922-07-09
Speculation in Oil Stocks

ouestion--A friend of mine has pur-
chased a quantity OF this N T. u, Com,
pany,s shale Oil stock value now 70 cents
pr snare He sent ME this secretaries 20
t"rt. together with a 'etter urging me 70
buy same. As vt is not IN the market and
khowing little or nothing about this stocl,
am writing you. l will certainly an
preciate any information. or advice given
BY you in reference TO .hIs stoa.; - 4. NJ
Answer-Do you realize that in buv-
ing the stock Of an oil company that
proposes to extract its product from
shale, every dollar you employ is in
jeopardy? Nearly every oil company
that sells stock to the public lays claim
to prospect of future profits that
seems beyond the realm Of possibility
which these profits generally are.
We urge you to make an investment
where the return is reasonably sure
and to buy security which, in the
event Of your needing funds quickly,
can be turned into cash. If you are
not prepared to invest as much as a
thousand dollars, in which case we
would Suggest railroad bond, the
purchase of a few shares of either
Atchison preferred or Union Pacific
preferred can be made.
New-York tribune., 1922-07-09

chances of profit were manifold in the
event of a rebound toward par.
Those who have followed recent fuc-
tuatlons know that the mark has de-
cllned almost steadily from one cent
until 1t ls now worth hardly more
than fifth of cent. This collsnse
mas been accompanied by conditions
closely approaching a panic in Berlin
ana apparently brings nearer some sort
OF solution. In the event that the Ger
man government decides it cannot meet
forthcoming reparations obligations. it
seems reasonable to suppose that the
Aliles VIII find it necessary to formu-
late a new plan calling for the stabili
2atlon OF the mark on new level
What such a project rearrangement
of financial details would entail ia n
matter of conjecture, and speculative
buying of marks presumably is based
on the expectation of establishing a
higher fixed level for marks. 1t ia Con
celvable. however, that a new form of
currency would be introduced for
which marks of the present issue
would be exchanged at fixed ratio.
Such an arrangement, by no means
certain, has been suggested. 1t is be-
coming more apparent, however, as the
SITUATION becomes more complex that
radical readjustment is the only
thing that can offer more than a tenn
porary solution. In the mean time,
marks continue to decline as the print
ing presses turn out additional uuan-
titles. AS long as present forces
operate we see no hope for the mark
New-York tribune., 1922-07-09
steinmetz Motor Unseasoned

Question: am a holder of five shares
Of the Steinmetz Motor Car Corporation,
bought at $120, and two common shares as
bonus to each preferred. This L bought
from the company direct. I also bought
through a broker two preferred and four
common at SGT each. Although it is too
late at present, l would like to have you
advise me whether this investment is a
good investment or whether I should try
to sell 1t. and If yorr advice is to sell 1t
where I could sell it's. l..
Answer-Operations of the Stein
metz Motor Car Corporation have been
insufficient to demonstrate sustained
earnings record, although the company
is producing an electric truck which
has been we'll received, we understand
You have learned that the stock sells
in the unlisted market considerably
under the price at which it is sold by
the company and it seems reasonable
to believe that the price Of these "dis-
tressed" holdings fixed by the law Of
supply and demand gives a more nearly
correct market appraisal of the worth
of the stock Whether you should con-
tinue to hold it or dispose Of it for
what it will bring is personal ques-
ton which you must answer for your
self. Unless you feel you can afford
to speculate you should place your
capital in investment securities fre-
quently mentioned in The Tribune.
Your broker may be able to dispose
of the stock for you.
New-York tribune., 1922-07-09
Western Electric conxa,.;o,

.Suestaon.-Your valuable helm is r..saA
again wiii YOU kindly give ip me- s al, nsedso tss
teets: Are tho oa fo,a,, can on the following sub
naU naoic nonds and at what price ai are the, rs
tIbie a'ss -. isos wsstsrn Electric CONVEX
rEethle1en Steel I5-year Is: 81 n,,,s -, is.s:
z, T,lSnc1sco' prior lien mortgage ss So.
psny Wa; ls.ysar american sLo Sugar Refining CON-
csTpsny Ine desenture ns Series SER kesue,lCn sdn
vantase e, - aas eese. Would e be to my ad-
~ ~ present or visit until the last ,non,nrt
adyantar, t,,ne Tor converting, and what
ppoIding to maturity? Also whea dees ~. y.
ppennsylvania Railroad pay it's dividanas
fnr poush, sa stock IN Aprit and am still wait,ng
.oy % oniy on what YOU buy it at. or prcssn.
saces Do you think United states ymh
yer VIII ever pay dividends again -
Answer-There is no particular aa
vantage in converting the Western @
e. miectric bonds into stock at this tima
ne interest on your bond is equal in
amount to the dividends YOU wouid
receive on the stock in exchanna
Tor 1T. The bonds are soil;as',
around 1oS&. All your other bs bondss
are good Investments. The South.
western bell Telephone Is are selling
around 1o2A, Bethlehem Steel IS
around do3, st. Louis-San Francisco ss
around ssh, American Sugar Reininp
es t around lo074, Galveston Houston
Electric Is around 1Oo1a and Air Re-
ductlon Is around 1o4. The last divi-
asna o on pennsylvania stock was paid
may 81 TO stockholders of record MAY
l. az your stock was recorded on the
companys books on May | YOU sho,,ld
nave received a check for vour divi-
dend on May 81. The company is now
paying so cents a share each quarter
New-York tribune., 1922-07-09
Index shale Oil Venture

Question--If possible will you be kind
enough. please, to give me any informa-
ton you have in connection with the IN
dex Shale Oil Company, of De Beque. Col
Shale Oil Machine and Supply Company
Of Denver From information that l al
ready have, 1t apears that the stock of
the parent company is in control OF MI
Harry L. Brown, of Glen Ridge, N j. He
is also the inventor of the process and
Madison Avenue. The officers appear TO
be (. NJ Uppercu. of the New York cad
lilac Company, president: Henry Amer
man Room 1902 Woolworth Building. sec
retary, and Mr.. Bovine. of the First Nat
ional Bank Of Bellvile N. j., vice presi-
dent. and also Mr.. schiefelin Of the schi-
efeln Chemical Company. Favorable re
ports on the above concern, 1t Is claimed
have been received from Mr.. Frank E.
Shepard president of the Denver Engineer
ing Works Mr. G.. r. De Beque, mining
engineer; j. D. Freeman, civil engineer, and
appear to be located in Denver II you
are in a position to give me any informa-
tiop regarding the above company as a
stock investment proposition, I assure you
that 1t will be greatly appreciated.-H. I'll.
Answer-H. L. Brown, of the Index
Shale Oil Company informs us that
the company is not selling stock to
the public generally. We are with
out information as to financial condl-
tion or prospective plans of this or
ganization and can express no opinion
otler than a belief that the oil busi-
ness, on account of the risks involved,
is a speculation that should interest
only those who are not dependent
upon capital income.
New-York tribune., 1922-07-09
Loses in Oil Stock

the Of sSuPf who Sxa ds
tributing agents, 1 bought 200 sleelly Oil
ton of misleading reports, stock in
creases. Indebtedness aad n.anipuIa tion
they put 1t down to ah. On the upturn
sold 100 at y to divide my liability,
crease was announced with rights amount
ing to per cent to holders of record
June 1s. Thats Is rights to purchase at
$40 per share. You may imagine my sur
prise upon receiving from my brokers a
request for rights on 100 shares Certifi
cate No -, the one had delivered, which
they stated they held in my name. 1
lost no time in sending in the warrant
but ! also sent In the other certificate
and instructed them to sell 200 at the
market, and credit me with the proceeds
I had enough of the juggling by the
company end by the brokers who. were
April is order was bucketed. The Guar
antee Trust Company is the transfer
agent and 1 cannot see any good reason
for carrying stock in thriving company
in a customers name after he supposed
he had sold 1t. / will add am no ten
derfoot in dealing in stocks and securi-
ties. The loss in this skelly OIL Is Of no
particular consequence, but / want a
square deal. Never before bought an oil
do right?-T. II. e..
Answer--In selling your holdings Of
Skelly Oil, if you have decided to stop
speculating, we think you have adopt
ed a wise course With no specific
reference to any particular stock, it
would seem to US that undertaking
operations in a speculative stock where
pool activities make a market would
be more difficult than selecting sound
and less remunerative investments.
New-York tribune., 1922-07-09
Great Northern Iron Ore

Ouestion--Will you kindly advise me
as to the safety of investing in Great
Northern Ore certificates? am advised IL, 4
YOU kindly explain just what these GER
tificates are and also If the company Is in
a good financial position ii. w.
Answer-Great Northern Iron Ore
certificates have good dividend rec
ord and should form suitable invest
ment for a business man in position
to keep in touch with conditions in
the industry. Uncertainties surround
ing the steel industry in recent months
have tended to keep the price down on
these certificates, although dividends
have been continued without Interrupt
ton. We cannot attempt to predlct
future prices Of the certificates, but
YOU should find these suitable If you
can watch earnings of the company.
New-York tribune., 1922-07-09
Bonds for Later Maturity

oucstion-I have about ss.5oo in Liberty
bonds and desire TO get your opinion OF
the advisability of selling same now and
reinvesting In bonds paying higher inter
est, l would like to get around per cent
it that is possible in safe, reasonably long
term bonds. non callable preferred. VIII
you please suggest a few such? I also
hold a $1,000 bond of Consolidated Light
rrd Power Company. of Baltimore, paw
Ing Z per cent. Us that good one to
hold on TOT have $1,000 cash to invest
besides. Am nifty years old; on salary
from which I save $1,000 year.
HI. G. B.
Answer-We do not advise the sale
of United States government bonds
unless they are of early maturity, such
as Victory notes or third 4A per cent
Liberty bonds. If you have some of
those it would be logical to sell them
in favor of good bonds of more dis
tant maturity date. We suggest Pub
lie Service Corporation of New Jersey
5s, 1859, yielding about 6.1 per cent;
Duquesne Light 6s, 1949, yielding
about SIS per cent. or Kingdom Of
Denmark IS, 1942, yielding about 81
per cent. The Consolidated bond is
good investment.
New-York tribune., 1922-07-09
Business Troubles
Petitions in Bankruptcy GO

The following petitions In bankruptcy
were filed yesterday in the United States
District Court:
BUYERS 8; MERCHANTS EXCHANGE,
fNC.-1nvoluntary; 1919 Canal st. Liza
bilties, s25,o0o; assets, $4,000.
INTERNATIONAL FASHIO PUBLISH
ING CORP.-Involuntary; 225 5th av
COOPER e. SKLAR-InVoluntary: AZ r.
Broadway; dresses 7h
BURGESSER HATS, INC.--Involuntary;
2S w. 38th ST. Liabilities, $4,000; assets
$500
DOREMAN & scHwARTz-1nvolun
tary; % Waverley p.
LACHMAN, HIRSCH & CO.-Tnvolun-
tary; cloak makers: 213 w 35th ST. LA
bilties, $4,000; assets. $4,000.
Receivers in Bankruptcy
The following receivers in bankruptcy
were reported yesterday in the United
States District Court:
Archibald Palmer, for Lewis & Klein
berg, muslin underwear 20 Wooster st.,
with bond of $1,000
Louis Jersawit. for Buyers g. Mer-
chants Exchange. Inc, 1919 Canal st.,
with bond of $1,000.
Mary g. Potter. for Isidor sameth. 4s2
9Th av., furrer, with bond of $1,000
Joseph Froer, for Bernard Abramowitz,
4031 Sd av., Bronx. with bond Of 21 800.
Theodore ]. Sturtz for Burgesser Hats,
Inc. 2S W. 2Sth ST.. with bond Of $4,000
Joseph L. Goodman, for Benjamin Kras-
ner, mems wear, 13I Chambers st., with
bond of $1,000.
Schedules in Bankruptcy
The following schedules in bankruptcy
were filed yesterday in the United States
District Court:
T. C. RAINE & CO.. INC.-5S Harrison
st, Liabilities. sss,ss1; assets. s3s.31S.
New-York tribune., 1922-07-09
Buying L. s. Shares in Jondor,

Question have been very much infer.
Which wa1sa you m Tfsadns fnTn,ss the vauable advice
Tribune regarding Investments Tberas ne
fore take the liberty to ask yorr advice
III ives sng in fe'9Wlng }ord matter NJ >ter, who
money to invest for her in Amcr,can 800 .a
cur,ties' and stipulates that she does not
wish me 70 invest 1t in bonds, on account
of me difficulty of making out OWNERSHIP in
Ssrutlcates She has expressed a wish for
psbeieTred se al, shares In good sound companies,
1FouKnI or sold) on the London, England
stock Exchange. Would you kindly men
ara a'on "a q rev n companies which you consider
whose preferred stock could be Invested
IN as a fair risk? might add that the
oen. wiaow 70 With invest two Is 5000 AND she is
sponsbility which she has placed upon
n, me REQUIRES more expert advice on invest
shares considered safe Investments or
shs woula res 1t BE more advisable to buy such
Company. Armour & Co. preferred Ma. Ma.
tional Biscuit Company or Standard OH
Gsompan,? cor Could the above mentioned
stock Exchangef Do you know If they
are listed? Are quota lions shown in any
OF the English papers? ] would like to
get at least 6 per cent interest on the
money for her. II possible, but, of course,
security Is the first thing to be consid-
AHs"er-lne TACT that American
shares are listed on the London Stock
Exchange does not, at the present time,
add to marketability, as practically all
transactions in such issues are carried
on by cable through brokers with New
York connections. You can obtain the
New York market on any security
listed in few minutes and make sale
on the New York Stock Exchange, if
you wish, delivering your security, for
which payment will be made in English
currency at the prevailing rate Of ex-
change. The operation is quite as
simple as if made in an uptown branch
office of broker doing business in
New York City. We would suggest the
preferred stocks Of the following rail-
road and industrial companies as suit
able for your sister: Atchison, Union
Pacific, Baltimore & Ohio, United
States Steel, American Ice, Endicott
Johnson and American Can. The first
three, we might mention, are listed on
the London Stock Exchange. 1t is un-
usual to find American securities
quoted in the newspapers of the Cont
nent, though London papers supply a
few quotations at times. Securities
purchased should be registered in your
sisters name and dividends will be for
warded to her given address, and she
will be able to cash these checks in
any part of the world if properly in
troduced.
New-York tribune., 1922-07-09
Woran's Investment Plan

Question--I shall appreciate it greatly if
you to,,o VIII De kind enough to criticize the
ioiloWlnG list of bonds, most OF which I
nave bought in the last two years by fol-
loving your advice to others In my daily
TriSi SLuay OF your valuable column in The
no one to support. and, living at home, /
am not dependent on this income, but
while ] should naturally like it to be as
count to risk reasonable safety of the
pfinclpal, as | am trying to build up a
niue 1und OF my own for the future. I
am saving from my allowance 800 a
month. besides reinvesting the interest and
have now $4,000 invested as follows: 81 :
wv IN savings bank; $1,000 fourth Lib
si,Ooo Great Northern rs; $1,000 North
western Bell Telephone rs: $500 Anaconda
Sound Light and Power 7lfs; 81 900 Port
land Railway. Light and. Power 7hs; 81,
geo in savings bank; $1,000 fourth Lib
gheny- Pittsburgh Coal Company S. some
l would let them run long as they
would and when they are called replace
them with good preferred stocks, bearing
az near the same rate OF interest as pos
sib!e so as not to reduce the income
whlle IN the mean time I continue to buy
bonds bone -, Con which, I suppose | must not
always keeping the greater proportion OF
the the investment loa, in bonds; Then. when /
bonds and preferred stocks, thought I
might use the income from these to buy
few OF the best common stocks such as
American Telephone and Telegraph, Union
Pacific or something of the sort. Would
this be wise plan for TO follow and
are my present holdings suitabl VIII
the Standard Gas and Electric Company
advertised In the inclosed clipping from
The Tribune? II you think it would be
And would you advise me to begin now to
buy some real estate bonds. such as the
straus and Prudence bonds? The f. w.
nf oo1i
that their customers have had losSes in
forty nine years and they pay per cent
Is the high rate of interest due just to
lack Of marketabillty? should not mind
that II they are safe otherwise. fear
that have overwhelmed you with ques-
tions, but ! shall value your advice very
highly and assure you that it will mean q
great deal to me.-Miss M. NJ.
Answer-The plan Of investment out
lined appeals to us as a sound and SEN
sible one and the common stocks you
have in mind for future purchases are
suitable investments. We think you
can afford to take on some good real
estate mortgage bonds in the mean
time. All three of the mortgage bond
houses you mention are seasoned in
the business in which they are en-
gagged. These houses, we understand
will remarked their bonds under GER
tain limitations, but it would be we'll
to take the conservative attitude in
the beginning that bonds purchased are
for permanent investment until ma
turity You can afford to keep part
of your funds in marketable Sc
curities. The bonds you now hold are
good investments, and we agree with
you on the desirability of holding them
until they are called The Standard
Gas and Electric preferred stock is a
good business mans investment, but
does not quite come up to your stand-
ard at present. 1t should be suitable
when you are ready for preferred
stocks.
New-York tribune., 1922-07-09
Equity in Federal Mining

Question In days Issue of your
paper, In answer to question from a
reader, you state that tho equity Of Fed :
eral Mining and Smelling preferred stock ia
sea.bb. VIII you kindly show me how
yon @ arrive at those ngures2 1t is very
ainerent from that given by different
brokers o who advertise in The Tribune
Answer-Stntement as to the exist
Ing. equities for the preferred stock of
Federal Mining and Smelling Is based
on an analysts Of the compnny's balance
sheet of December 81, 1921. Total as
sets, less debt profit and loss, are
S19,732,s29; deducting reserves, $780,
e5S; suspense, s24,6l9, and other liza
bllities. $180,170, there is n net amount
of .$12,066,386. In our estimate of
equities for the preferred stock of this
company, deduction of s2,040,0o was
made as allowance for cumulative divi-
dends unpaid, amounting to IT per
cent. The resulting amount, $10,026,-
286. figures value of 1885 for each
of the 10000 shares. Equities amount
to S100.55 per share if the above allow
ance is not made.