davidaulloa/AmericanStories huggingface dataset:
New-York tribune., 1922-12-18
Radio SIN Speculative

ousstion--f would iko 70 have your
opinion On Radio Cooperation % America
prefsrrod stock. A ! undsrftand " THIS
1907 ia per cent cumulative, beginning
issf enf Al the prsrent price of about
4. or less per share n looks ven attrae-
~. 20 ohe who can AFFORD 10 Walt yesr
a. tro until dividends begin % bt paaa.
10 you consider TILE stock Hate ~.
ytstfnsntt-H n II.
Answer-We cannot consider c stock
which has never received dividends
suitable for Investment ptrposes' DIV.
dsnds on the preferred stock OF Radio
CORPORATION OF America become eumu,
ietiye after the corporations hacai
wear ending In 1923, which comedies
with the ealendar year AocuTnulations,
therefore, do not begin until 1874.
Under the cireumstAnees the stock
must be regarded as speeulativs.
New-York tribune., 1922-12-18
One Stock Unsuitable

ou.s,on-wim you kindly give me your
eoInion az 10 the following stocks: Armour
Il 60. lb per cent: American Telephons
asd Tei,sraPh ? R,,oSsi Ssa'' ISs 5s'hlehs. ssa
cent H. n. Franklln per cent; Impartial
trie On hands of Fsceivsfli United King
dom Of Great Britain and Ireland th per
cent; United states geld note y per cent .
United States Steel per cent Do you
think the Habirshaw Electric Gable per
cent preferred stock will ever 80 back 70
pArf what would you advise me ~ 70
holding Franklin ntocki Thank you IN
advanre for your valued informauon'-
Mrs. u. L. T.
Answer-We do not care 20 comment
on anything 80 entirely speculative o.
the possibility Of Habirshaw Electric
preferred returning to par, as the ex-
preston Of such en- opinion would De
entirely outside the province OF this
column. The stock 10 highly specula-
tive and your position would be more
secure without u among your holding.
Bethlehem Steel common stock 10
speculative, even though paying a 8
per cent dividend, but otherwise your
securities are good. Assuming that you
refer 10 II. n. Franklin preferred stock
we sec no reason why you should make
any change IN this item. Il is suitable
for any one who does not require the
hiKhtsL grade Of stock and who can
keep IN touch with conditions IL this
company and n The motor tn4nstfy U
general
New-York tribune., 1922-12-18
National Equitable New

cuerion--Klndiy let me Know n you
consider n Q safe inveatmsnt 10 purchase
stock IN the National Equitable Invest.
ment Company. They pay per cent on
the Prtferrod stock, and have never yet
failed 20 pay dividends quarterly IN their
niheteen years Of business. Aiso let me
knew what you know OF the offoera OF
the conpany. Any other Information re-
sard'ng the company VIII Be appreciated.
Answer-oporationa Of the National
Equitable Investment Company have
not extended over a sufficiently long
period TO consider the issuing Of
financial statement necessary or hd-
VISIBLE, in the opinion Of the directors
Of the company. Although poms Of the
officers Of the company have been
identified with one another In a similar
line Of business for about nineteen
years, tho National company, which IL
Virginia corporation, was not organ
lied until 1920. Although an interest
In tho shares Of this company may be
saitabls for 4 person in O position to
assume q business risk, II Is not to
be rated az an investment for nm in
dlvidusl Of moderate means, In our
opinion.
New-York tribune., 1922-12-18
All Of Good Grade

Qusstion--Tou answered a former In
quiry of mine undsr date Of November
N, ifti. for which I wish 20 thank you
Your advice vas taken. I eTpcci 20 have
mofa funds for my mother this month
and would Ike further advice. In my
prsyiogs letter asked regarding Duquesns
Light u and Connecticut Power and Light,
but you dld not answer about these. rou
Also hAid that Adirondack Power and .Light
vas good Investment DO you consider
the above three bonds suitable for q
woman who needs a high degree of safety
and does "a good Investment" come within
this class for high degree of safsty7 Also
vouid New York Central dsbenturs q
be suhabiel About six months ago and
more rou we're advising this bond, but
DO not see you mention it 90 often Of late
IN. H. y.
Answer-The Duquesne Light, Con-
heeticut Power and Adirondack Power
and Light bonds are suitable invest
ments for your mother. New York Cen
tral 60 are also OF good grade and would
make an appropriate investment for
her funds
New-York tribune., 1922-12-18
Not desirable Purchass

ousstlon--My friend has some Nsfioni
rxehanfes tinovine pictufe) stock ~
order 10 realize some ready money ~
would Ike 10 dispose o. them afn no,
nks 10 help him out II not connected win
TOO much risk. what about ~ me vGu9
~ these stschnf Are they listed on any
sschaaes and are thsy aalaeiel ! eelieys
ne bought them through johnson mop
alma. broksrs=-c. q. l.
Answer-National Exchanges shares
are unlIatsd and We know OF no mArxet -l,t
having been established for them; Inc
shares represent an interest In higniy
speculstive venture and have recently
been offered around S1.60 snare
through dealers In unlisted securitles.
We would net suggest q purehhse from
your fK1sad unisss Tou feel ehafi'A9i5
Ineilred
New-York tribune., 1922-12-18
widows Bonds Suitable

ousttion--I am a widow. and. having
very ANAL knowledge Of stocks and bonds
haK 70 ask you FOR your valued advice
! have BY Inheritance these bondsi h.goo
Dallas Gas Company nrst mortgage ",
1915 $4,000 81 Louis Car nrst mertsas,e.
hrs, A. 1904; 1900 United nailweys
COMPANY OF ~. Louis hrst "a 1884; 5000
81 Louia.Snn Francisco prior lien -
ssri.s y. 1910; 'i;o9ise Siy q bessgm0hi
also have these stocks; Thlrty-three and
one.third shares Center Creek Mining
Company. IS shares coaaolidsted Coppes'
3 shares Minneapolis a ST. Louis Railroad
eighty three shares Kansas city southern,
ito shares 81. Louis-san Francisco, iIz
shsres New Mexico and Arizona Land Com
pany. First Missouri Lincoln Trus, ..soIm,
pany. After paying a state tax or fsV
Rave net Income Of $3.50 per year.
am not In dire need q money JUS, now
and could wait. n it l. best. before ehsns,
would you DO n you were mel VIII YOU
ktndiy advise me, N possible. what the
tax rate Is in New York State on bondA1-
Nra T. k
Answer-The Brooklyn Rapid Tran
sit g are the only bonds on your list
that can be classed as speculative. AZ
you undoubtedly know, this bond Is the
obligation Of company now IN the
hands Of a receiver and interest Is IN
default. The situation has shown such
marked Improvement OF late. however,
that plans are being discussed Tor re-
organizing the company, and IL Is e1-
peeted that within six months DEN
mite plan will be announced. In view
Of the fact that you are not hard
pressed for income, we believe u would
be 20 your advantage 20 wait for the
reorganization rather than 20 sell AZ
the present greatly deprecated price
that these bonds command. Your other
bonds are al suitable for one In your
position 10 hold. There Is little reye-
nue. In the stocks you own, ana Tor
that reason We believe that you should
get rid OF a majority Of them and pur'
chase real income with the proceeds.
Your position would be materially
strengthened and your income IN
creased after selling the Center Creek
Mining. Consolidated Copper, Mime
apolls & 81. Louis, Kansas City South
ern. 81. Louis-San Francisco and New.
Mexico and Arizona Land stocks. Use
the proceeds for the purchase OF good
preferred stocks, for In this way you
will avoid the Connecticut bond tax. We
suqgest New York Telephone Ga per
cent nreferred. National Lead preferred
and Endieott-Johnson preferred. In
suggesting these changes We are guided
entirely by our conception Of what Is
the proper investment security for you
70 hold and We disregard entirely any
speculative prospect Of appreciation IN
the stocks 70 be sold. There Is no
direct bond tax in New York State. In
come from bonds Is taxed with other
income just as IS done In the case OF
Federal taxes.
New-York tribune., 1922-12-18
SAVINGS BANKS

wonder that the farmers who planted 4
eano leutslds tho sugar belt) thl8 year
sAy they won't diversity In that dirse-'' =
An sncouragin9 development is thesl
increased consumption Of milk In EeN
Orleans and In othor centefs 81 tbs
South, due 70 the Hiniik.f6r-h heaftl'' :.
campaigns staged By the United 6tatea
Department OF Agriculture co-opefat- .
ing with state authorities and leeal [,
bodies. AZ least 1000 moro. R.llgns of !,
milk q day are bqlnG .used In New Qf- :
leans than this time last year DAILY
farmers in the eectien that gppPliee
New Orleans are able 70 sell their
entire product now, whereas fornerly !
they had . surplus. This 10 tneoufsg.
ing them 70 develop tAtir herds and I.
improve their stfein.
The problem Of the day, on whieh
the State Department Of Agriculture Il
worklnr ard an which n 10 recruit
ing nusistancs from the public bedieet /.
and orosnIsatIons OF me various mnni.f
eipalltles, Is to develop markets fcrif
IouIsians farm produce. Divarslhca-t
tion n no longer burning lasue. The |,
brutal truth "a that--from q conaump-r
tlon standpolnt--Louislane 70 rslsinx
TOO much klready. ~ p,
The sonpIstion Of Tho 100000 lesns
by the War Flnanee Corporation % tho
rice lnterssts Of the state, lhrough the !
Louisiana Farm Bureau Rice Gfowort'i
Association, has enceurkgod the ricos
belt considerably. The farmers Win ~.
eelvo 90 per cent advances on their
product, and will be enabled accordine-'i
~ 20 hold II until the markst becomes 4
more favorable. Heretofofe rice has
always been dumped" % soon as haf-
vostsd and the producers gct tho
ehort end Of che stick. Already too.@
900 bushels Of rice havs heen pledged
fog holelne, hy che end Of January Il IL
believed 100000 viii Be pledged. Nest
ysaF sheuld zee the novsnsnt eAshsr-
Ing foroa. ~.
New-York tribune., 1922-12-18
Cannot Give aTipso

ouestion-vyhioh Of the following stocks
wDald you advice buying now to put away
for an increate IN price In the futurei
Missouri Pacific preferred. wabash nftt
preferred "A" Erie hrat preferred. Nav
York, New Haven q Hartford common I.
TeNzs q Pacinc oommon. western Mary
land second preferred. KAnaas City South
ern comment 10 the Erie Railroad really
going into the hands OF a receiverf some
papers toem 20 indicate this, Shall be
thankful for your advice which stock you
think has the most merit and which IN
your opinion 10 the most safe, J DO not
need the money a. presentAif. toe-could
buy and wait some time for future en-
hancement but shall await your advice
before doing 90. Have been advised 70 buy
Erie general a.. selling around iah 70
<sn ts this bond good buy At present.
pricss7 Friends claim this bond viii
eventually cell much higher n prices Inn
prove. II this 30 f-dTa l.. r.
Answer-The Tribune is not conduct
ing a bureau for predicting future
prices Of securities and must decline
to recommend stock rs a subject OF
speculation. We do not recommend
Erie general. Is for Investment.
New-York tribune., 1922-12-18
Bonds Selected Suitable

Ques;icn--Next month ! Will reesiye
81. 900 from the sale OF a piece Of property
own. I Intend 10 buy gilt-edged bonds
for tho money, but wlah 90 get a little
more than per cent on them. The bondi
must be readily convertible into casA' as
might want 90 buy another piece OF prop
erty som. time. Would you eonlider Kan.
western Bell Telephone n, 1871 Diamond
Match Company Thr. rnltabis for my
pufpose1 Kindly give mo your Hdyies'-
A. =
Answer-Any Of the bonds you mon
tion would be suitable for your pur-
pose.
New-York tribune., 1922-12-18
sales Al 20 Cents a Six

Question: havo had some shares ot the
TsiepOst Company for years. and J hale
never heard from that company Tor the
last six years Please give mo some lnte.-
nation on sald company II possible.-io. ".
Answer-sales Of Telepost stock have
taken place infrequently in Boston, re-
Gently at about 20 cents share BE-
yond this we have no recent informa-
tion Of the company.
New-York tribune., 1922-12-18
n,..i nnd Tnhe fa

ouestion-Thaar yoa for yoer favor ef
the 18th instant, and ! Am taking tDe nb-
roticsd The mention Of Steel and Iube- ~
in the fnvestfntnt fnformation oolumnh. p
can YOU tell me something as 20 hoW y 10
sseafsd ana your idea Of ia sAtstS' =
n. q. " l.
.Answer-steci and Tube 7s are se.
cured By general mortgage on tne
entire propsfty Of the company now
owned or hsrc-fser acquired. They are
additionally secured By pledged col
lateral. Series B and G are enllabie On
anv interest date, the former at 100
and tko latter at io7h. They are
suitable FOR an Individual IN q position
10 keep IN touch With ths eoE7AHTb
sarnlngs, IN car opinion.
New-York tribune., 1922-12-18
No Market for Stocks

ouss,lon-will you kindly give rae amp
Information you have regarding the condi.
lion OF the following compsnieni also I'D.
wise me Y there Il any market ior t@ssis @
ar. carried Associated OIL Company ~
Terar head oalcs Wichita Falls. Nefvac
cornyany, Baltimore. Md rapercan Com
pany. general office. Tonkera ~ T.
n. 2. l.
Answer-We have no record OF the
companies you ask about and do not
hnd the shares OF any Of them either
listed or traded IN By dealers Ia IN
listed atccks.
New-York tribune., 1922-12-18
Nn Erl. Dividend Aflsr lg07

ouss,lon-In Article No, % "Rsiroads
Earhing Powtr--Erie RAilIoad,' the state
ment Il made that ia 1901 an initial dlyi-
dend of ~ per cent was paid on tne
flrst preferred stock, rising By stages 10
I per cent IA 1904 and remaining AZ ths,
raie through the first half OF 1917, Is
that period ownad several shares ~ the
first preftrfed stock. but received no divi-
dends. sold them IN 1911. II the state
mont 70 correct kindly advise me - 10
what steps should be taken "a obtHin
the dividends due mo. The article 40.
pearsd Ia The Tribune Of November is.-
q T. y.
Answer-You are correct In your
criticism. Through q typographical
error the writer was made to say that
the 4 per cent rate vas Continued
through the frst half OF 1917. This
should have read Through The hrst
half Of 1907" A--
New-York tribune., 1922-12-18
unIttd stales cast iron plpe

ouestlon--I hold a number Of shares q
United states Cast Iron Pipe prelsrreo
stock The company has purchased lhs
exclusive rights for ths vni,ea stAss' 90. q,
large engineering journals has reoenuy
stated. IL revoiutionlaing cast Iron pipe
making. The market yalue of ths pre-
ferrsd stock has fallen eonsiderebly the
turn as an Investment Considering The
fact tina, tho preferred stock i IN reality
Z per eent stock, temporarily paying
Commodities being needed. oan see no
reason for such q sudden drop IN value.
THIS stock Tonight Il quoted 50 BID, %
esked. whs. ! would TX. % a. hney ,ns y
process Il > failure Or a. sueoess. Any
ether Information would be- appreeiatsa'--
Answer-Although thero Is nothing
In the situation c5neernInR the affairs
OF the United States Cast Iron Pipe
and Foundry Company which would
lead 20 discouragement, on the other
hand present conditions do not hold
out any great hope Of increased re-
turn 20 those interested In, tho cou-
mon or preferred stock Of the eom-
pany. The president Of the company,
under date OF August 20, 1929, said:
'Tho statement that the earnings OF
the company are the largest In It's
history has no basis OF fact whatever.
Tho eompanys operations this year
have been attended with many, DIFF
aeulties, such As shortage OF labor,
strikes and serious interferenee With
operations on account Of non.deliveJy
Of raw materials and inability 90
adequately ship finished product: Tho
statement that tho company will soon
be deriving large r"vsHue' a iron
manufacture BY the De bfvaua
process Of making pipe Is not hkeiy
10 be realized. This new process VII
undoubtedly be q success, but II will
take considerable time 20 produce
this new pipe In any quantity ,wnlch
would make any particular showing IA
earnhrf.n ~
New-York tribune., 1922-12-18
Inv estment Information

Questions Of general iatsyssl 10 ~
vest0rs ,Dill Dc answered IN this col.
ssrn, N vhich eass only initlals setu
Be used. Others VilI Be ansvtyed bB
.aetL Addrsss an inquiries, snelos-
lne a stamped, dddrefssd envelope. 70
finencial Editor, The Tribrns, fst
Ndssaa Street, Nsso York CITY.
New-York tribune., 1922-12-18
Inaulflea Should Be slEned

Inquiries addressed 90 this depart.
ment of The Tribune are regarded 90
CONFIDENTIAL, but 10 show the writer's
sood faith all should be signed and N
Sadrses should be. lrclosed for reply
istters from ths following are being
beld for identlfeatien. 3, ?. c. J. II
Ks N. N. J., Mrs. j.. O., X, o. n. ~
Mas Nh A.-Da &. ]. W, y. Z, NJ. .. =. IA
vi. C., q. ID. X, W. W. FlnTestoTf
A. A.. N. K j. T. ca Wa A.
B., w. W., J. @. and J.H. -.
New-York tribune., 1922-12-18
Ronds Are Suitable

oasssion--w,Ii you. pIsaae lst Y. knew
n you consldsf the Nevada-CalHorpla
rieotric Corporation, Berries, y, Der oent
bonda a good lnvystment NV. y D. q
Answer--Nevada- California Electric
gerles b. 6. per cent bonds are a good
investmsnt In our opinion.
New-York tribune., 1922-12-18

-Four )nu colnmns ot In
restment questions and an
s,eers ,biu be published IN
The Tribune erery Sunday
and Monday. On other days
one full column sViu appear.
New-York tribune., 1922-12-18

Av.su. IN charge Of John D. wsif ss To-
ca! 4Ss ssAR:s'Ffs S:w Ffs rru symssa.s. s:' s s:ss
s1oointsd registrar % tne hensn.l ~
~ corapAny Of pslaWarA eomnon SAo
prsferTed stock
New-York tribune., 1922-12-18
financial Items.

~ - 9 o., rasnbsrp q shs
EEN6ot esfok n1okAage, annouess IL
o11, Gansh effles IN scrsnton. on
~ ~ Us HortA Waahington
New-York tribune., 1922-12-18
Answer-The consolidated income ac'

AnsWer-Ihe conaollnateu income ~
count Of tho Lueey Manufacturing
Company for the year 1920 shows that
the operations Of the company pro-
dueed sales Of SI2,2G5.2so and earned
q surplus Of ss97,382, after payment OF
sg9,75O IN preferred dividends. Net
sales for 1891 we're sS,6bs,os6, and re-
suited in a loss Of Ss2T.sSs, hfter pny.
ment OF preferred dividends OF SsS,toy'
n the company had used the same bal.
ance sheet form as ini1920 eonpany
deficit Of ,5s7.b07 would appear In 1921,
as against q surplus Of titoASl In
1920, but the loss sustained has been
absorbed In the 1921 balance sheet .by
reducing Glass d stock liability ~
the amount Of the deheit Of t6s7,bo7.
The shares OF this company are ppeeu-
lative, and your hnaneial condition
should determine whether you are war
fanted in holding them.
New-York tribune., 1922-12-18
Lucey Manufacturing

Qutation--In April. 1891. I purchsssa
upon the advice ol fny brokers. a repuilble
New York Stock Exchange house. hsa
sharoe of Lucey Manufacturing Corpora.
lion, C,aas a stock, az ass unoef date ~
saiaefnbsr 70. 1871. I received a pohts
form letter from the company Informing 9
me that dividends on this stock we're ie
be discontinued, and have since feosi,ssa "a
no dlvldsnde understand that this Glaze
A stock IL now quoted AZ low a. -,
and az have never received ftatement
from tho company ! wonder u you Nelid
be good enough ~ ADVISE mo a. 70 Whetnsi
on, 10 them IN the hope that ther may
eventually Increase IN price &C. a. L.
The Bridgeport times and evening farmer., 1922-04-24
BY CLARA VOID,
1ternatiopaI News Service.

Rome April 24.-From on end of
Italy to the other there runs a legend
that if you treat the peasants unfairly
the women of the land will rise up
and fight you. They will take what
weapons they have, whether they be
pitchforks or mere feminine deter
minatjon, even as women have done
through all the ages.
And that" say the workers. SIS
what Argentina Altobelli has done"
Argentina Autobelli is known to
Italy and to the rest of the world as
"the mother of the organized peasant
movement" There are many fables
about her in the cities of Italy be-
cause she almost always is working
with the peasants in the country and
so is nearly as impossible to see as the
King or Queen.
You will never find her in Rome
one person told me. "She is an old
old woman who has been fighting for
the peasants for 80 years or more"
off the land and made them throw
away the butter and eggs q young
man told me solemnly.
Remarkable Old Women"
She is a. remarkable odd woman
who fights any one who tries to I'M
derpay or Overwork peasants. And
she has courage" said yet another
Italian. Il was in Bologna in 1912,
there Bologna is where Altobelh
comes from. Mounted troops were
sent to Bologna to break the strike.
And Bologna will never forget how
those peasant women threw them
selves down on the ground before
the onrushing cavalry and shouted
TO them: ride on our bodies, but
not on our rights" The peasants got
logna all right"
1 did find AltobelH, and I found
her in Rome, where she had come as
secretary of the Agriculture Work
ore nT toll - tow
She is not a funny little old won-
an at all, but firm vigorous per-
son who is only beginning her work
a ali I,;2i5 she has already been or
years: She laughed when I called her
mother of the peasant movement.
First Speech at 49,
IF I am the mother 1 began hav-
in her first Interview, FOR was
just sixtenn years old when made
my first speech to the peasants
That was IN Parma. had been read
the future for women There didn't
seem to be much future for them,
but I began looking around in Be-
logna to discover If women really
than men and If there were great So
cia1 difference between them.
81 decided that women were truly
miserable, but then 1 found that men
were, LOO Inc or the
peasant people were almost unbe-
1ievable. And I began propaganda at
once among the peasants who were
working all the hours they were
awake ard could stand on their feet
In those days the peasants were lit
tie better than Slaves and not much
better paid. Women who worked hard
all day long earned less than a, lire a
day.
THAT was in 1885. and 1t was five
years before we were able to or
ganize any peasants. We started
with societies to help the sick and
starving; that is. the most wretched