davidaulloa/AmericanStories huggingface dataset:
New-York tribune., 1922-11-06
Didn't Follow Our Advice

Question - In February 1921. bough,
some preferred stock of the GlIliand Or
Company. received one dividend nay.
ment and then the company went into The
hands of II receiver. paid $B9 per share
Of late see 1t Is quoted mo bid. so asked. :
Will you be kind enough to tell me wha,
you can of the reorganization, if any, and
OF the prospect OF tho resumption OF divi-
dendsY Before buying his stock I avaiIed
myself of your advice, but did not follow
1t In this one instance. When followed
your advice my puTchases were invest
ments and are O. K.~-F. $. IL.
Answer Well, it might have beer
worse. You shared in the only divi.
dend the preferred stock received. We
have seen nothing regarding recent
developments, and what progress the
receivers are making we do not know
If reorganization Of Gilliland Oil is
being planned we have not heard Of it.
The stock is inactive.
New-York tribune., 1922-11-06
Savage Arms Stock

Que ouestlon-can you give me some In
formation regarding Savage Arms second
preferred stock, on which there has been
no dividend paid for the past two years?
l purchased about $4,000 worth Of this
stock at around $50. Can you inform me
at what price it has recently been sold
I notice that the common stock is ad-
vancing and presume that the second pre-
ferred will realize Il consequent advance
Would you advise holding this stock or
selling IT.? What could l obtain for ii
under existing conditions F. w. s.
Answer-Passing of the dividends
on Savage Arms second preferred and
common stock in 1921 was. a result
of business conditions that affected
earnings of the company to the extent
that deficit of $1,234,O11 was shown
at the close Of that year. Under pres
ent conditions your holdings are specu-
lative, and as we cannot attempt to
predict business conditions of the fu-
ture, we are in no position to advise
you whether to hold or sell the stock
The outlook for the company seems to
have improved however
New-York tribune., 1922-11-06
Standard of New JERSEY

Question-What do you think Of SIN
ard Oil of New Jersey new common TIA
selling around s42 n share as an nyx
nent Tor young man. ! am in peasts
to hold IL for several years and tiA
under normal conditions IL should sell 4
a higher price In time. | have iup.Es
my mothers money in the following s.tes
and bonds. Sine is dependent on then r.
her income. Any changes you think ii
VisabIe would be much appreciated: q
shares American Telephone and TelegfsE
10 shares New York Telephone pretgM
10 shares Atchison, Topeka & Sanas
preferred, il shares Eastman Kodak ss
mon. 10 shares Delaware. Lackawansf
of New Jersey preferred, l Great North
7 per cent bond. l United States Rass
~ per cent, 3 Swiss Government x
cent. l Pennsylvania Railroad u per esst
Delaware & Hudson per cent VI
the Standard Oil of New Jersey prefers
stock be called soon. If SO what reinraf-
nent would you suggest w. H.
Answer-Although there is spsta.
lative element in Standard Oil Of Nv
Jersey common stock, we think it would
be suitable for young maa who M
tends to hold it for long term Ihs
securities you bought for your neither
are all suitable for her. We % Ee'
know whether the Standard oa q
New Jersey preferred stock VIII.
called for redemption, but such
move seems unlikely at present. Y
suggest that your mother eontinus I
hold this stock.
New-York tribune., 1922-11-06

AC that Time you might ask for an
explanation Of the statement of J. A.
Almirall, president, on page 81 Of
form circular No. TIP that cover fifty
thousand shares have already been
sold" as contrasted with the testimony
of Fred L. Main, accountant, before
City Magistrate Simpson October 81,
that as of December 81, 1921, 20,430
shares had been fully paid for and that
$510,947.44 has been received on par
tial payments.
You might also ask for a reconcilia-
tion of the statement in Form 267 and
other circular matter reading, "But in
asmuch as this is strictly a co-opera-
tive proposition no more than ten
shares of the stock have been sold or
will be issued in the name of any one
subscriber" with this letter to a SUBJ
scriber under date of May /, 1922:
"Your purchase of forty-five shares
of the stock of the Commonwealth
Hotel Construction Corporation is
hereby acknowledged and has been
formally recorded. This order is be-
ing filled by E. L. Barnett, Inc, fiscal
agents, from certain shares which
have been reserved for this pur-
pose"
Then you might inquire about the
ownership Of the property. You may or
may not have received communications
of tenor similar to this letter of
June 20, 1920, to prospect:
"Fortyseven Thousand shares have
been sold and the finest square block
of New York real estate is ours
every inch"
But you, no doubt, can obtain a cir
cular dated May, 1920, offering five
year Z per cent convertible gold notes
of 4. l.. Barnett, Inc, in which appears
the following excerpt under the cap
ton little:
"The property (Hotel Common
wealth site) is new subject to mort
New-York tribune., 1922-11-06
Federated Engineers

Question: invested $500 in the stock ot
the Federated Engineers Corporation about
year and a half ago and have begur
recently to question It's worth. ] would
the outlook for this stock.-G. Il. U.
Answer-Federate Engineers does
not issue a statement of its financial
condition and our information of the
company is confined largely to knowl-
edge of its intentions. An advisory
council containing the names of men
prominent in their individual business
activities is regarded by the company
as an asset of value, but until the wis
dom of this business venture is proved
with earnings that will enable the COM
pany to pay dividends and earn a sur
plus we think the stock too speculative
to have a place among investments.
New-York tribune., 1922-11-06
Penn Seaboard Steel

Question-Taking advantage II yaS
kind offer in your daily paper, viii yeu D
kind enough to give me Soma s6rira q
Penn Seaboard Steel? / would iiksta ka'E
something in regard to the .cofra.stsan
ana, if possible. the reason for the lrsTRH-
ing low price of their stock.--Js j. C
Answer-The decline in Penn ses'
board Steel shares was attributcd ID
market circles to the failure Of rrd.
jected mergers and the decision. o.
stockholders to increase the esrIaliIa-
tion from 100000 shares to lsasew
shares. The balance sheet far the yeas
ended June SO, 1922, shoEsa net ssss@s
applicable to 4S7 ,4s5 shares ut issssA y
capital stock Of no par value q ssS
.313 1878. about S15 a share, When y,
cluded the item Of good win1 esIs.s;;
in the balance sheet With oelessss
charges at $547,495.
New-York tribune., 1922-11-06
Nothing for Stockholders

Question-What are the possibilities OF
washington Consolidated Mines Company,
on the market? The reason why I ask Is
that bought them on the inside and paid
So cents share, whereas the face value is
81. Inis Information would be greatly
appreciated. a as l am new in this line. -
Answer--We have had some difficulty
in obtaining information of Washing
ton Consolidated Mines Company. We
nave just learned that there is about
S;S,ooo In stock outstanding, and that
ent, but is considering an option on q
new property. There is nothing def
mite to report. an official OF the com
pany said, although he wished Il
stated that any new developments
would be reported to the stockholders.
New-York tribune., 1922-11-06
Return on Standard Oils

sardng tho folloWing? 4 rslatiye has re,
the standard Oh Of Of New jersey 1--WE 'sia shares e
of the Standard Oil Of Ohio and five shares
or the Standard Oh OF New York. These
shares were purchased years ago and there
is certain sentiment, as expressed in the
WILL that as they had resulted so well for
the original purchaser they, be not sold by
the inheritor. j personally know little
about these stocks or any others, but their
present owner desires the maximum In
sell these stocks at their present market
stocks or bonds, or to hold same with the
value would make up for their low return
Con their market yalue) at the present
time? also would appreciate an explana :
ton Of the recent stock dividend OF tho
Standard Oil of New Jersey. more partic-
ulsrly as to it's bearing on the future.
H. w. M.
Answer-Thcre is an old saying in
financial circles to this effect: "No
one ever became poor holding Standard
Oil stocks" The original purchaser of
this New Jersey, Ohio and New York
stock would, if alive, attest to the cor
rectness of this statement. What is
meant is that over q long period of
years the market value of these stocks
increases steadily and the average re-
turn is favorable. New Jersey Stand
and common stock is now selling on a
2.2 per cent basis and is not particu-
larly attractive from an investment
standpoint purely on the basis of the
current return. The price, however,
reflects an expectation Of q higher
dividend rate at some future time.
People who do not need all the income
that money is entitled to have always
stood ready to pay for future prospects
in Standard Oil stocks. The New Jer
sey directors recently announced their
purpose to declare 400 per cent stock
dividend. The stockholders will meet
next month and will undoubtedly apA
prove proposition to increase the
capital stock. Later the directors will
declare the stock dividend. probably
This dividend will give the holders of
common stock four new shares for
every one share held on the appointed
record date. Thus the present stock
will be equivalent to five shares of the
new stock The par value will not be
changed. In announcing their pur-
pose to declare this stock dividend the
directors stated that the aggregate of
cash dividends would not be increased
at the present time. This means that
on the enlarged capitalization the com
pany Will pay 81 share, as compared
with SIS share on the stock now out
standing. Even SO, people are willing
to pay for the prospect of this cash
dividend being increased in the future.
The Standard Oil of New York is to
pay 200 per cent stock dividend. We
cannot attempt to make a definite rec
ommendation in your case, but will let
you draw your own conclusion from
the statement that the dividend rate
on Standard Oil of New Jersey common
would have to be almost trebled to give
stock bought at the current price
rate of return conforming to that of
high grade, non-spcculative common
stocks
New-York tribune., 1922-11-06
Has Made Real Progress

Question: landed In the United ssIsn' y Il
twenty. years ago with capita. Q, ss.ts s.d
From hard. honest work ! an ast nov ~ had
$4,000. AS am not in the pes, o. i,Sss;sa Sss,al
! would like TO have my money MR. y sg
in good stocks or bonds TO tease M,
wife, boys and two nieees, Wnlcn si.i
taken care of since theiF pSrea, pareass, q
money is invested az follows; ss'yso ss'yssss
my home. which Is two-fainiay eirs III
free, worth to-day over sle.vVe, -. ss. ~.
Bond and Mortgage Company n ~ ~ os,
first mortgage: $1,000 $. W. strass n ri
cent bond Fisk Building. New forS' a ~, ~,
New York Edison 61ssi si,ovo sls
Northern Is; $500 Penn sold oonos, os,ysaIs II
$500 Liberty ANS; rs shares rennss,sss s,,s,,sss
Railroad stock; 10 shares North AIneig,SnlI,, 3 g,nI,
preferred, 10 shares Chesapeake %p.rtes
"a per cent preferred: S shares .,s rs1ss =.
Oil, shares New York Telepnone ~
cent preferred; and $4,000 In bank .. . isi,
cent I would like TO invest ss.eee 81 e..vsss WI
S per cent or better.-W. J. J.
Answer--Your twenty years u ~ -
U. S. A. have been we'll spent. N y.
you have an investment in Vnieh i
can find only one flaw, and thai = y
serious one. The Pacific Oh slss
contains too great an element OF spes
lation to deserve q permanent piaca.9
your investment program. We susss,
that you sell this stock and ada q
proceeds to your bank fund. An &
ditional fifteen shares of New ~, z,
Telephone preferred stock, svsas
shares of Western Electric per III
preferred, selling around lii as M
$4,000 principal amount OF Canaasss
Northern rs, 1910, yielding abcus =
per cent. would be suitable trvss
ments for your $4,000.
New-York tribune., 1922-11-06
Motion Picture Advertising

Question--Wil you please advise either
directly or through your financial column,
or give me reference to anything which
has already been published as to the status
of the Motion Picture Advertising Company
having offices in the Gotham National
Bank Building and how it stands as an
investment? These people put out a mo-
ton picture machine which is automatic.
selling the service on the machine to local
and national advertisers; that is, the space
is sold on the machine for SO much per
week-L. c. j.
Answer-The operations Of the Mo-
tion Picture Advertising Company have
not progressed to point where an
interest in it's shares may be regarded
as better than a speculation. We do
not recommend it's shares.
New-York tribune., 1922-11-06
U. S. Rubber Comman

Question-Having bought several hun
dred shares of United States Rubber com
mon when they We're at SIS and paving
per cent dividend, which they have not
paid foT some time. I would like to have
your advice. IL l ought to sell now nj a
loss and invest that money in something
else or mott. r.
Answer-You undoubtedly realize by
now that United States Rubber common
is largely speculative, and, as we have
no means of predicting future courses of
the stock, you will have to use your own
Judgment in deciding whether or not to
continue your speculation. It may be
said that tire producers have met with
extremely keen competition In the last
few months, but the advance in crude
rubber prices should benefit those who
had large stocks on hand. Those
forced to buy on the rising market and
compete with producers who bought at
lower levels will find the going more
difficult.
New-York tribune., 1922-11-06
Stocks for Investment

Question-Would you kindly classify or
tabulate the various issues of stock of the
for conservative Investment: American Ice
Gan Company y, AMERICAN Car and Foundry,
graph and Cable, American TeIephone and
a. NJ.
Answer-If we knew which wav
prices of the two stocks you mention
would move we would have no hesita-
tion in telling you to buy or sell, as
the case might require. Frankly. we
do not know whether the stocks will
recover a part Of their depreciation" )"
Both stocks you mention are largely
speculative and you must use your own
Judgment in trading in them.
New-York tribune., 1922-11-06
U. s. Hoffman 8s. 1882

Question--For SIS, 600 investment I have
been advised to buy as follows: Ten shares
Canadian Pacific ten shares Southern Pa
bond Union Pacific first Is, one bond
Southern Railway frat SIS. What is the
Hoffman bond and Is It safe?--J. r. s.
Answer-All the stocks and bonds
you mention are suitable for invest
mcnt purposes except United States
Hoffman Machinery IS, 1882, which
are direct obligation Of the company,
but not secured by mortgage. The
bonds are redeemable at any time on
thirty days. notice at 1925 and in
terest plus three shares Of common
stock up to July 1, 1923, the premium
increasing ~ per cent thereafter to
July i, 1927, when the, call price re-
mains at 110 to maturity. The bonds
are. suitable only for person in a
position to assume the risks involved.
New-York tribune., 1922-11-06
Tennessee Copper and Chemical

Copper and Chemical Company common
stock. I understood when I bought this
stock several months ago there would be
a dividend this year. Can you give me
any information about the present condi-
tion of this company ?-G. r.
Answer-On July II, 1922, the Ten
nessee Copper and Chemical Com
pany closed down its acid unit for
repairs. 1t was reported that the
present capacity of the company's unit
for making sulphuric acid was being
taxed to fill orders on contracts. On
account of the con1pany's business be-
ing of seasonal nature, interim re-
ports of earnings are not published
and the next statement to be issued
will be as of Decemer 81, 1922.
New-York tribune., 1922-11-06
Stocks for Women

Question--Wili you kindly yet 49,
your opinion as to the suitability Of fha
Kansas City Power and Light Company 7
Per cent preferred stock as an investment
Also,s do you consider the stocks Of tha
,se Mastsrn asa !. Union Telegraph Company and
uiatiye class? l have about $1,000 to In
yes vest ana the three stocks mentioned above
nave been recommended Miss nj. r. Nee
Answer--Any of the three stocks YOU
mention would be suitable for YOUR
purpose, with preference given to the
! last two because Of readyf ma arketa-
New-York tribune., 1922-11-06
Aircraft Syndicate

Question--Kindly give me some infor-
nation regarding the Aircraft Syndicate,
City. / have been Interested in this stock
for some time, and, not being familiar with
stocks in general, would appreciate your
opinion on this particular stock as an
ihvestn.ent.-W. NJ. S.
Answer-An interest in the stock of
Aircraft Syndicate is speculation.
Until this company has demonstrated,
with earnings, ability to earn divi-
dends, it's shares have no place among
investments. At present the opera
tions of the company are largely of
an experimental nature. 1t later hopes
to establish New York Chicago air
craft line.
New-York tribune., 1922-11-06
Loew,s Shows improvement

Question-Being a daily reader Of your
paper and interesting myself particularly
1t very much il you would give me what
ever information you possibly can with
reference re to the fellowings l am holder
or several hundred shares of Loews, Inc,
stock, which purchased at 80. when the
stock was high. l am holding this stock
now for almost two years. 1 understand
that there have been certain rumors that
they intend to pay dividends, but same is
not authentic Can you give me any in
formation with reference to the condition
or the concern at the present time?
am also holder of several hundred shares
that l also purchased at a high price. I
was informed by Il certain party that this
concern was about to go into receivership.
| do not know whether there is any merit
to the advice, and would appreciate very
kindly If you would give me any informa :
ton that you possibly can with reference
to this concern / realize that the two
stocks above mentioned are highly specu-
lative, and L must admit that ] bought
son for writing is that 1 am at the present
time in need of funds and could readily
raise some by disposing of the stocks at
q great loss However, l could raise the
finances from other sources If 1 can decide
in my mind that these stocks may increase
in Values w.
Answer-There has been an i'm
provement in finances of Loew's, Inc,
and it was officially stated on August
2S, 1922, that the company had wiped
out over $3,000,000 Of it's indebtedness
The income account for the year ended
August 81, 1922, showed profits of
$2,267,S71 compared with $1,SOO,5ao in
the preceding year. The American Inter
national Corporation recently com
pleted it's liquidation of holdings in
International Steel. Loans made to
the company and bills receivable re-
main at a figure that does not suggest
any great improvement in finances.
Your questions as to these companies
require speculative opinion and in
matters Of this kind we cannot attempt
to offer suggestions.
New-York tribune., 1922-11-06
Schultz stores

:. ouestion--Will you kindly favor. me
with an opinion regarding ths Schultz
Retail Stores Corporation common stock?
hold certificate of 100 shares at $55 out
right In obliging me with this informa-
!, tion ion, ! would ask you 70 include rate of
dividends, IL any We're paid on the common
stock, end. at what intervals. and also an
Idea Of their assets and liabilities, and
also the amount of business done annually
for number Of years past. so that I can
compare their annual earnings. You no
doubt have been informed OF the dropping
OF the merger negotiation between
Schultes and United and the effect it had
on the market price of the stock, dropping
y to about Ats at the writing of this
AnswerSchulte Retail Stores Cor
poration does not report earnings, and
balance sheet of the company is not
available. An official of the company
said that there were no current liabili-
ties and cash on hand was in excess
Ct S2,Ooo,o0o. We were assured that
|negotiantlons with the United Company
We're off for all time. A dividend nal.
icy Is to bo discussed at the next
meeting Of directors. it is said, '>s
New-York tribune., 1922-11-06
Somewhat Speculative

Question: am anticipating the buying
OF one of the following stocks to the extent
or 1900. Ttmken Roller Bearing, Martin
Parry Corporation, International Nickel.
Motherlode Mining. Tennessee Copper and
chemical am anticipating the buying of
one OF the above stocks to the extent of
$500. Kindly advise which in your opinion
would be the best one to purchase Your
advice In this matter will be greatly APP
prectated.-A. w. E.
Answer-Assuming that you feel YOU
can afford to take the risks involved,
we should be inclined to take Martin
Parry Corporation or Timken Roller
Bearing stock. All those you mention
contain an element of speculation, but
these two appear to offer more suit
able return.
New-York tribune., 1922-11-06
Engineers Petroleum

Question-May I bother you to give the
history and prospects, as you see them, OF
Engineers Petroleum "A. S. D.
Answer-Engineers' Petroleum has
never paid dividend on it's shares and
does not issue financial statements, so
we are unable to provide the informa-
tion you ask. There is no market for
the stock
New-York tribune., 1922-11-06
Investment Information

Questions OF general interest to an
restors foiiI be answered in this coli
nasa. tat which case only initials ,cill
be used. Others aciiI be ans,cercd by
mail. Address all inquiries, inclos-
ing stamped, addressed envelope, to
Financial Editor, The Tribune, I54
Nassau Street, Neao York City.
New-York tribune., 1922-11-06
Questions Stakeholder Might Ask


holdings
eieVe $ a goodinpe
haze
cent 7 a
standing this later holding,
AnwerYour beginning shall
advise probably
will be able reach decision Cities grade
the outlook
willing the risks
AS for Hotel Commonwealth inquiries
yourself Many stockholders
night at the Hotel Genoble Seventh Avenue
which corporation If YOU
have interest in what
New-York tribune., 1922-11-06
Guaranty Egg Market

Questlon-Kindly let me kuou :, 4.
market price of the capital staes ssssrsf' :. n
Guaranty Egg Corporation ana =. v ~ y
exchange the stock may be trsd.s ~ \
Can you tel me anything about the ia. IL :
poets Of this company and vsuts' ~ sa
consider 1t \ good iuvestment?-W r.
Answer-Guaranty Egg stak y,
recently offered by disappoirsi aa
ers at So a share. Through s.lssns
employed by the company thes. ss,rs
are being sold at $40 and sl2.a IA
do not know of any regular rsrs,.
for the stock, which is not listed 4
any exchange. We do not reconrssI
its purchase.
New-York tribune., 1922-11-06
Inquiries Should Be Signed

Inquiries addressed to this dssa. !.
ment of The Tribune are REGARDS 3
confidential, but to show the wsisss ~
good faith al, should be signed sss ss
an address should be incloscd for ssH.s' ss
Letters from the following are ao'Is'
held for identification: ]. 7. z. wv IT
B., F. M. B., w. W., ]. g. y. Hs I, I.
q. H.. M. r., G. F. S., j. B., "Cesssse,
Reader" F. III. K, E. Z. 81 4
Widow" Mrs. A. w. p. and ]. -
New-York tribune., 1922-11-06

Four full columns Of "
uestment questions and s.r e
s.pers ,ciTi be published Y I
The Tribune epery Sunasy
and Monday. O.t other .aSys
one full column ,OiI GPpeeF: