davidaulloa/AmericanStories huggingface dataset:
New-York tribune., 1922-09-10
New York Air Brake Exchange

Question: own 81 shares of the pre-
ferred stock of the New York Air Brake
Company which bought at $if5 per
share see they are reorganizing the com
pany and do not know what to do for the
ness, orsto as | dislike to sell at the market
not understand the view proposition
Wonld you kindly advise me what is best
20 20 do as soon as possible? If you pub
lish this please withhold my name and
oblige.-M. w c,
Answer-The New York Air Brake
Ccmpany's refinancing plan is quite
simple. New common stock without
par value will be exchanged for the
present $100 par value common at the
rate of two new shares for one of the
old. In addition to this the company
fs Offering to stockholders at $50 a
share 100000 shares of new preference
"A" stock This new preference stock
Will be entitled to a $4 per share diyi-
dend before anything can be paid on
the common. After the common has
received Sd share the two classes Of
stock share equally in any further dis
tributlon The company is simply f.
nancing itself through the issuance of
new class of stock which will have a
prior claim on earnings. We do NOT
know the extent of your other invest.
mcnts or your financial capacity for
carrying along an Improbable security
and we cannot, therefore, make anv
definite recommendation. The New
York Air Brake Company suffered will,
all other manufacturing corporations
from the effects of business depression.
but according to 3 recen1 statement bv
President Starbuck sales for the first
six months of 1922 were greater than
those Of the entire year 1921. Unfiiled
orders are reported to be greater than
at any time in the history Of the COM
pany. The stock you hold must be com
mon. There is no preferred stock out
standing.
New-York tribune., 1922-09-10
Public Utilities @. X.

oueston-May [ ask your opinion OF
Essex and Hudson Gas Company and Hud-
son County Gas Company subsidiary com
pantes or the Public Service Corporation
of New Jersey? Are they safe securities
for investment?-F. A. NJ.
Answer Under terms Of the lease of
the Essex and Hudson Gas Company and
the Hudson County Gas Company to
the Public Service Corporation of New
Jersey, which has been assumed by the
Public Service Gas Company, the capi-
tai stocks of these companies are to
receive dividends at the rate of SO an
nually. The stocks are reasonably
good investments for person who can
keep in touch with the companies
earnings,
New-York tribune., 1922-09-10
Speculation in Oil Stuck

Question--Wil. you kindly tnforn, ,,a
what VIVA is the standing of the Oakleed oil
ot otehpany; i1aaa,; as am offered an opportunity
ol o. g ,hvesting $1,000 In it's stock. which. II
month dividends.-C, r r.
Answer--We are in receipt of let
ter from the Prime Oil Corporation
saying. that the Oakleed Oil Company
was absorbed by the Prime Oil Cor
poration some time ago. Exchange of
stock may still be made. No informa
tion OF the company's organization or
nnances is available, although it is said
tnat some may be supplied later. We
stock. - :
New-York tribune., 1922-09-10
Must Dispose of Bond

Question-It is necessary for me to sell
one OF the following bonds. Which one
of Pennsylvania rs, Illinois Central Sbs
After the sale of this bond I could re-
invest $500. Would you buy French IA
or Pennsylvania Gas and Electric per
some other?--O C. @.
Answer-We consider the Kingdom
of Belgium TVS, though not without
merit, the least desirable of your bond
investments. and were you to dispose
OF this bond the selection of one $500
Virginlan Railway 5 per cent, 1862
would be desirable for reinvestment.
New-York tribune., 1922-09-10
His List Suitable

Question: have received much vaiu-
able advice from Your investment column,
which L read daily, and have always
profited by following your Judgment in
making investments. ] will have 81 900 to
$4,000 in about week which I wish to
place as soon as 1t is received in sound
bonds and preferred stock, security of
principal and interest being of primary
Importance / now have the following .
$1,000 Southern California Edison IS;
$1,000 French Republic ss, 1885, $1,000
Baltimore & Ohio per cent gold notes.
192s s1.6oO Az per cent Liberty bonds.
Please criticize the following list which
i have selected for investment of the
above funds: ST. Louis-San Francisco
prior lien 5s 1850; New York Telephone
preferred stock; Philadelphia Company 6s;
Public Service OF New Jersey 5s New York
Edison 6lhs. series A, 1941; Wilson & Co.
6s. 1871; Canadian Northern Is l94O;
Standard Gas and Electric s per cent pre-
ferred stock.-R, A. l..
Answer-Your security selections
are suitable and we have no criticism
to make
New-York tribune., 1922-09-10
Has Limited Marketabilitv.

Question--In the settlement of an OBJ
igaticn, my mother -in-law was offered
three thousand dollars worth of Manhat-
tan Rubber Company stock. This con-
Germ is located at Passaic, n. j.. and re-
Gently paid dividend of per cent on
this stock, VIII you please inform me as
TO the financial standing of the Manhattan
Rubber Company and tho real market
value of their shares?- G, B.
Answer-For the reason that the
Manhattan Rubber Manufacturing
Company declines to provide us with
information concerning the finances of
the company we are unable to comply
with your request. We understand
that the stock of this company has paid
dividends at the rate of per cent for
several years, but do not regard this
as other than supplementary informa-
tion. We do not know where market
may be found for the stock
New-York tribune., 1922-09-10
Thinks Stock ~Out of Line"

Question-As a common stock paying 2
per cent per annum the American Snuff
Company seems to be selling away out of
line. so TO speak; namely. the last sale
being 145if What is your opinion of this
stock / picked up twenty five shares at
I2S.-H. L. V.
Answer-American Snuff common
stock is suitable for investment pur-
poses, especially for an investor in a
position to keep in touch with affairs
of the company, but whether it is
selling out of line" is question
that falls outside the scope of this
column, since The Tribune cannot at
tempt to predict the future course of
prices. The same reasoning applies to
American Tobacco common, which sells
at a higher level.
New-York tribune., 1922-09-10
Books ON Securities

ouestion--In The Sunday Tribune there
paragraph ne recommended several bao,ss
Tor study going more deeply into the sub.
}ech than he could so in a short articln
" ~ you Kindly recommend one or two a.,
then, from which one could best learn to
analyze securities from their baiance
sheets s,t and finarcinl statements. and tell
me whero they may be obtained Pc. r.
answer Balance Sheets and How
TO Understand Them" by Tovey- Eng.
lish, and Investments" by Jordan, are
suitable aids to study of balance
sheets ana income statements. They
can. be procured in any of the larger
book shops.
New-York tribune., 1922-09-10
Another Reorganization

Question--I have stock and debenture
Ponds OF the Canada Copper Company
which Is 10 reorganize for the third time
September 10. 1922 Would you consider
It advisable TO place more money in The
new new company? If not my above interests
viii be wiped out viii you also give ,,ea
an opinion of American Express Colnpany
as an investment Wv r. B.
Answer Whether you should con.
tinue your speculation in Canada Con-
per Company is question that de-
pends on your financial position. I'm
less you feel you can afford to specu-
late, you should place your funds in
investment securities. There is no as
safancc THAT the present reorganiza-
tion will be any more succegsful thar
The preceding onea. American Express :
Company stock is suitable for a bugi-
ness man.
New-York tribune., 1922-09-10
Financial Isalas

eieorge w. Hail. VICE isstsasf,,s Il,
American Tobacco Gers - ~ Ak Ss
selected a director of the ssessas's
fsanh
Edward J Naliy. presiaeht y ess.'l,s KS
Corporation II America a'3!sN
the board 81 directors has e ~
Sarnoff vice pres3ssat sad - 49, u
ana William Brow ytee
eras attornsy a 4
= $ NreaEe Company se a
wase s5.f22.0s9. agsssst s,ss.iss9 ss9
for siie aight Iaonfhs ms s d
Sa6.s2t.2ss, aKa5nst sSa bes. ~ ~
teapondlnK Narlea Iaal yeAf
New-York tribune., 1922-09-10
Inquiries Should be Signed

Inquiries addressed to this depart-
naent of The Tribune are regarded as
confidential. but to show the writers
good faith all should be signed and an
address should be inclosed for renlv,
Letters from the following are being
held for Identification. j. A. lie B.. i.
e, M. b., j. A. r., y. OBJ, q.
A. 1: B., r. L., +. G. B., L. Nj. b. p.
z. NJ, z. ). L., J. c., o. r., Constant
reader ], A. G., Mrs. Nj. S. w. and
New-York tribune., 1922-09-10
! Stocks for Investment

Question---As an old reader of The Trih-
une write asking your opinion OF the fol
lowing stocks as an investment: American
radiator, American Tel ana Tel, and
American Woolen.-H. ". p.
Answer-We regard American Radia-
tor and American Telephone & Tele.
graph stocks as deserving of high
rating among common stocks. Both
contain some element of risk, however
but not in the same degree as American
Woolen All three we consider as
suitable for anyone who can keep
posted on developments in the respec-
tive companies.
New-York tribune., 1922-09-10
New Ice Cnmnanu

J.. ouestior-Wi!l you please give me such
purchasing OF Superior Ice Company stock ?
ihls company Is located at so East Forty
second street. New York.--A. T. s.
Answer--The Superior Ice Companv
IS comparatively new organization,
ana It's stock has just been brought
our on the market. Until the com
pany demonstrates its earning power,
me me STOCK must be regarded as en-
.'reiy speculative and suitable only for
risks involved ~' s''e
New-York tribune., 1922-09-10
Not Investment sfnrL

Question VIII you kindly furnish mo
WITH information AZ 10 the Chicago Il Alton
Raiiroed Company was ADVISED hv
orohers that Il II q good buy at preeen nj
price OF 3 II deeliis a to-day to sis and
MRS adyised that the strike is aestled
On tnaS read and thss the stock VIII rise
g higher level. want II for an In
vesttnesit; are they paying any iivIaenfs !
or their common I'll ~ - = :
Afiswer--If there is any sound rea-
son for buying Chicago & Alton stocks
we DO not know what it can be. The
ROAD IS II, the hanGs of receiver.
none OF the issues OF stock of this
company has paid dividend in ten
New-York tribune., 1922-09-10

Questions of general intsfeat 70 in
vesfovs Tciit BE aaswsvsd III this coI-
asssn, IN sehieh case only ii,itsdfs spili
bs used. Others soill be GRstceYed by
iasEii. Address oil sssqtti,riss. incles-
tay q stamped, addressed enveiopc, Co
Financial Editor, The Tribune. is4
Nassau Street, Neso Yoyk City.
New-York tribune., 1922-09-10
Bonds Do Not PAY Interest

Question have two 81 900 bonds Of the
Ses peard Ar Line Railway Company, Of
ch wren nave been unable to collect the
interest for the last year and half. which
now amounts to s150 / have sent The
coupons IN and they have been returned
kindly advise IL there is anything I can
90 20 collect this interest. or is there anv
way Way ! can dispose of the bonds 10 get anv
thing out of them ?--J. A. A. N'is
Answer-There is nothing you can do
20 c9iiece the interest on the Seaboard
al Line adJustment 5s unless the com
pans ueclaIes the interest payable. In
bonds the borrower is moi ohl;gad sINe ~
pay interest unless it is earned The
ponds 90 have been selling recently around
~, which means that you can realize
ABOUT $500 on the sale Of the two bonds
New-York tribune., 1922-09-10
Swift International

Question--Wili you please give me your
opinion of Swift International "A. e. G.
Answer-Compania Swift Interna-
cional, Ltd, is holding company for
the interests of Swift & Co. in South
America and Australia. Und 5dbtedly
conditions in the livestock and leather
trade are responsible for the decline
in the earnings of this company and a
consequent decline in the price of its
stock. We cannot express an opinion
en- future prices for the stock, al
though the outlook for the company has
improVed
New-York tribune., 1922-09-10
Should He Hold for Advance

ouestion-wll you please give me the
benefit of your advice? ] am pa st sixty
Ave and about $50, 900 Of following
stocks: Libby, Mcneil & libby Swift
international and National Leather. Would
you advise to sell these and buy bonds -
NJ. f. B,
Answer Whether you should dis
pose of the stocks you mention or hold
them in the expectation of further re-
coyery depends to a large extent on
whether these three stocks comprise
the bulk of your investments and
whether you are dependent on the in
come. AS we are uniformed on these
points all we can say is that such
speculative stocks seem unsuitable for
person unable to watch closely tue
analrs OF the companies concerned and
unable to assume the risks involved.
Swift International is the only one
or dividend paying basis. and al
though recovery in business should
help the. stocks, we cannot attempt 10
predict future price courses, and YOU
must decide for yourself whether the
present situation has already been dis
counted in the price of the stock.
New-York tribune., 1922-09-10

The boars9 al director % sNs s 8
Soe1sitles yeateraay dsssssea
dividend 81 FseT cent en
stock and the regAisF qaeftssl's,s,S1 Il
ot III rer sens On The pfss'',s 4, n
10th arc pay8hia on tissiAss
huldsfS ~ secpgs SeEfemssI -
New-York tribune., 1922-09-10

QuestonWlt you be kind enough to
recommend desirable first preferred
cumulative stock for an Investment of
$1,000? My husband and L have in mind
the following: United States Steel, North
American Western Electric, Standard Oil
Of New Jersey New York Telephone
Safety of principal is the first consider
alton and we would be content with s
per. cent return. What Is the par value
of North AmeMcan preferred. and are we
correct in understanding that each of the
companies named has consistent diyi-
deEd- paying record? In our opinion, your
advice to investors is invaluable and we
would appreciate your suggestions in con
nection with the above.--Mrs. r. d. W.
Answer-Any of the preferred
stocks you have in mind would be a
suitable investment. All these COM
panies have good dividend records.
The par value of North American pre-
ferred is $50.
New-York tribune., 1922-09-10
Speculative Switch Suggested

Question The Magazine ~ w,u
street ADVISES me to switch from Inter
nauonal Mercantile Marine preferred to
Market street Railway per cent prior
pre1eTred / have fifty shares bought at
So | have 100000 in stocks outside of
my business and am in position to hold
speculativeIy. The freight situation is NOT
good IN foreign traffic, also the street
railway situation is not in good shape.
rhe question is, Which lis apt 10 come
back quicker? This is practically asking
you to advise rs to posi- biites in the
market, but knowing you do not do so I
would put the matter in different way
Please put yourself In my position and
let me know what you would do under
the circumstances-M j. c.
Answer-The outlook in the shin.
ping industry is not bright, to say
the least, and many observers believe
1T will be some time before large trans
Atlantic lines can show normal profits.
Whether the outlook is so dark
that the 6 per cent dividend on Inter
national Mercantile Marine preferred
may be affected is something we can
not foretell. The outlook for Market
Street Railway securities, on the other
hand, is brighter Earnings have i'm
proved and indications point to the
fact that there will be comfortable
surplus at the end of the year after
dividends on the prior preferred. What
effect possible sale of the properties
to the city of San Francisco may have
on the stock is speculative feature
on which it is difficult to make a pre-
diction.
New-York tribune., 1922-09-10
rices Continue
10 Higher Level
-
On Curl, Market
Standard Oil Shares Again
Attract Attention With
ptnrn. While Special.
ties Are Active and Firm

Esaadard Oil shares again attracted
attsps ION Of traders in yesterdays nc-
givE, shorE session on the curb market,
sssae farther gains were recorded. Sre--
afaltses continued active and held
Il ssdy around recent high levels, prices
at sh$ close ranging generally higher
ssehalte Stores stock rallied to 90 and
tsa fell back on further realiSing,
s,essssg d loss Of 8 points at 80. Hayes
Mhse1. however, Was supported, and
nshdes further gain. Gitnbel common
3yvAs iii demand and gained substantial
gackicn. Radio sagged,.
Star dard Oil of Indiana moved up a
pofnss md Kentucky shares were nearly
pcSn Is higher Cities Service crossed
guo fer gain of & points. Other oil
share were in steady demand
New-York tribune., 1922-09-10
Curb Market


Maritoba Pow Is. 99N 99M 90 %
Merch g. Mfg Is ssfs sss4 ssis ss@
] Morris & Co 7IaaiosA icsA 1854 lo6M
Natl Acme 7sss.. ssN as4 9sa ssM
Natl Leather s..1oo Ico 100 100
NY MI & II 7s. SEA ssM ss,s se3s
Pub Scr N J Is. fcf& ioS io4ss io5
Robert Gair rs. sass ssM 9sM ssss
s'oivay ct Gle ss..ios& 1o7 ios& io7
s'west Bell IS. iosA 1osM losa i0ssa
SIS OIL N Y 7s 's7..losSa ioS u iosss ios1s
20 do 6hs. .....t0s f0a 100 10g
81 Swift s. Co Is t26 s10l "a l0fM i0fyk i0izs
do Is 1891. siosI IeaM a0s ios
Tidal Usage ss.sio3 io3 lo8 lo3
q Western Eiec Is. .los& 1osA iosM fes Il
New-York tribune., 1922-09-10
Standard Oils

800 Anglican Oil. 2ois 2oM 20 90
20 Buckeye L.. SO 9s oS 9s
30 Eureka H. 81 81 81 e7
5a5 imp OIL Can...1ISM lI3h l1s 1893
10 Prairie o & G $40 $40 clio 6i0
$500 OIL of KY. si0sM 11oE 1854 109z4
21S00 s Oil of Ind. ,11ss Itsss 1855 11sSs
10 S Oil OF N Y. 450 450 $50 45G
10 Vacuum Oil..sAf1 All 47I All
New-York tribune., 1922-09-10

10 1T 1S 1T 1T 11 - - sT
The Clio messenger. (Clio, Mich.) 1907-current, 1922-03-16
A Feeling of Security

You naturally feel secure when you
know that the medicine you are about to
take is absolutely pure and contains no
harmful or habit producing drugs.
Such a medicine is DR.. Kilmer's Swamp
Root, kidney, liver and bladder remedy.
The same standard of purity, strength
and excellence is maintained in every
bottle of Swamp-Root.
1t is scientifically compounded from
vegetable herbs.
1t is not a stimulant and is taken in
teaspoonful doses.
1t is not recommended for everything.
It is natures great helper in relieving
and overcoming kidney, liver and blad-
der troubles.
A sworn statement of purity is with
every bottle OF DR.. Kilmer's Swamp
Root.
If you need a medicine, you should
have the best. On sale at all drug stores
in bottles of two sizes, medium and large.
However, if you wish first to try this
great preparation send ten cents to DR..
Kilmer & Co., Binghamton, N. Y, for a
sample bottle. When writing be sure and
mention this paper.-Adv.
The Clio messenger. (Clio, Mich.) 1907-current, 1922-03-16
Valued for His Silence.

"The Toadville Clarion pays a hand
some compliment to Eliphalet Sogsby,
an old citizen who died the other day"
"What does the editor of the Clarion
have to say?"
"This: The Hon. Eliphalet Sogsby
sat on the platform at public meetings
in this community for thirty years. and
I'm all that tine was never known TO
make speech. His place will be hard
to ILL., "--Birmingham Age Herald.
The Clio messenger. (Clio, Mich.) 1907-current, 1922-03-16
WAR MEDALS AS "MADE IN GERMANY"

Representative James V. Nc
Clintic of Oklahoma, told the house
the other day of the war medals is
sued by the German authorities to
keep the people in proper frame of
mind. He described seven.
No. 1 was designed to show that
America was not interested in the war
and if she did enter she would be de-
stroyed. No. was designed to show
that America had few ships and that
they would be sunk. No. 3 conveyed
the idea that America was not neutral
and was selling munitions TO the allies
and not to Germany. No. dealt with
the sinking of American ships, Amer
lea threatening and Germany declar-
ing unrestricted submarine warfare.
No. was in derlsion of President
Wilson and his IA points. No. 6 rep
resented the American rooster crow
ing over the Argonne victory and de-
rided America for fighting for the
right of Chinese, Hindus and negroes.
The Clio messenger. (Clio, Mich.) 1907-current, 1922-03-16
YOUR COLD Is EASED
AFTER THE FIRST DOSE
@Pape's Cold Compound" then breaks
up cold in few
hours

Relief comes instantly. A dose taken
every two hours until three doses are
taken usually breaks up severe cold
and ends all the grippe misery.
The very first dose opens your
clogged-up nostrils and the air pass
ages in the head, stops nose running,
relieves the headache. dullness, fever
ishness, sneezing, soreness and stiff
ness.
Don't stay stuffed-upl Quit blowing
and snuffiing! Clear your congested
headl Nothing else in the world gives
such prompt relief as "Pape's Cold
Compound" which costs only a few
cents at any drug store. 1t acts with
out assistance, tastes nice, contains no
quinine-Insist upon Pape's ADV.
The Clio messenger. (Clio, Mich.) 1907-current, 1922-03-16

VPE0PIE W
ALLEN WOULD PROTECT THE PUBLIC

Gov. Henry ]. Allen of Kansas
handled the coal strike situation in
his state in way that attracted ma
tional attention. He acted on the
principle that the public interest is
supreme seized the mines and set
volunteers to work in getting out the
coal.
He now proposes to give Per
manency to this emergency policy.
The Kansas court of industrial rea-
lions, planned by Governor Allen and
to be submitted to the special session
of the legislature, is rounded upon the
idea of giving the labor unions n direct
legal entity and taking away the strike
privilege by giving the unions and the
employers something else. This court
can only be appealed to when efforts
at mediation have failed.
1t can act upon Its own initiative
when the public welfare is endangered.
1t can take over the operation of an
essential industry--it provides only
The Clio messenger. (Clio, Mich.) 1907-current, 1922-03-16
STORM CENTER OF GERMAN FINANCE

Matthias Erzberger, vice president
and minister of finance Of the German
republic, is apparently the storm cen
ter of the German financial problem.
He is apparently Germany's strongest
public figure, with the possible excep-
ton of GuStave Noske. Anyway. he
is probably the most discussed man
If not the most execrated--in Ger
many today.
There is widespread belief
among financiers. bankers and finan-
cial writer's i'm Germany, that If two
of Erzberger's plans are put into eff
feet Germany will face actual ruin
The most important Of these two
measures is the emergency levy on
property which they assert will reduce
industrial fortunes Of 10.000,000 marks
TO less than 100000 in decade
The second measure is the income
FAX, which will "beggar every modest
fortune as well as every great for
tune"
The Clio messenger. (Clio, Mich.) 1907-current, 1922-03-16
Their Unusual Record.

y Anything in pertickler happened
while I've been goneT asked Mrs.
johnson, upon her return from the
quilting bee.
"You betchap ~ triumphantly replied
Gap Johnson of Rumpus Ridge, who
had remained at home. "Only one of
the children fell out of tree. one
into the creek, and one got scalded I;
only three pulled something over onto
themselves. Just two got dog bit, but
the dog set hlsself afire, and amongst
Sem they had only seven fights, and
them few didn't amount to nuth'n.r--
Kansas City Star.
The Clio messenger. (Clio, Mich.) 1907-current, 1922-03-16
ADMIRAL W. S. SIMS: BORN TO TROUBLE

Rear Admiral William 5. Sims, q.
s. n. appears to be born TO trouble
as the sparks fly upward. You see. he
has the sailors habit of speaking his
mind. A year or SO before the war he
was given an official reprimand for
publicly stating that American and
British battleships would be found
side by side in the hour OF danger.
Just the same, this Same sailorman
not long afterward was in command Of
the American fleet that went to the
aid Of England-and did some admir-
able work
On his return TO this country Ad-
mirable Sims wrote series Of articles
on the American navy abroad. He
fell foul Of the Sim Feiners in Ire
land and raised another rumpus.
And now Admiral Sims declines
10 accept the distinguished service
medal awarded him, and practically
accuses Secretary Of the Navy Dan
iels OF gross favoritism in making the
awards. II appears that Secretary
Daniels did not pay much attention
mendcd for the distinguished service
rotary Daniels ordered the navy depar