davidaulloa/AmericanStories huggingface dataset:
New-York tribune., 1922-07-09
Trust Fund Investment

ent OF my letter OF June 7, desire to ask
you to be good enough to suggest for me
safe investments yiefaing 6 per cent for
a trust fund Of $4,000 of a widow, which
has been placed in my charge trustee
fince my letter of the 9TH. and for $4,000
or woman tntrusted to me for invest
ment Tor her since said letter. Please be
good enough at the same time to tell me
whether you consider Alleg heny Plttsburg
! Coal Company per cent mortgage bonds,
guaranteed by the West Penn Power Com
pany; West Penn Power Company pre-
terred stock; Cincinnati Gas and Electric
Companys now issue of n per cent bonda
Just put out within the last two weeks:
Cincinnati Gas and Electric Company's
preferred stock; American Telephone and
Telegraph Company's stock, now selling at
about 1922 American Wooden Company's
preferred and common stocks; Columbia
Gas and Electric Companys stock now
selling around sa reasonably good and
safe Investments, and If so in what class
would you put them; that Is, as suitable
Ior woman, or business man, or specu-
lator, respectively and the reason there
for? Let me please, Also include In the
above inquiry the stocks Of Standard OH
Of Indiana. Kentucky, New York and Cali
fornia-W. j. p
Answer-We do not know to what
extent you are bound by the Kentucky
law relating to the investment of trust
funds: There is an element of risk
attached to the Allegheny-Pittsburg
Coal Company 8 per cent bonds. the
West Penn Power Company preferred
stock, the Cincinnati Gas and Electric
preferred, American Woolen common
and Columbia Gas and Electric stock
which renders them unsuitable for
woman. We would classify them as
investments suitable for q business
man. The Cincinnati Gas and Elec-
trio 5hs, American Telephone and
Telegraph stock and American Wooden
preferred are good investments. Stand
ard Oil of Indiana, New York, Ken
lucky and California are, as we have
often stated, selling at prices which
reflect the expectation of higher cash
dividend rate, stock distribution or
some other advantage to the stock
holder. We have no reason to believe
that any such developments are pend
ing. These stocks give an inadequate
immediate return for any one who is
dependent for support on the income
from investments. If you are not re-
stricted in the selection of securities
for this trust fund, we suggest that
you choose from the following, in ad-
dition to those stocks and bonds which
we have already described as suitable
for a woman: United States Rubber
SIS, 1947, yielding about 5.S per cent;
Pennsylvania 6hs, due 1886, yielding
about 5.5 per cent; Public Service Cor
poration of New Jersey 5s, 1949, yield
ing about 5.8 per cent; General Elec-
trio IS, 1910, yielding about 5.5 per
cent, and Kingdom of Denmark 6s,
1912, yielding about 81 per cent.
New-York tribune., 1922-07-09

Nietoush you 90 not specifically saw
So you imply that you wish to specu-
late IN German currency. Your inouirv
comes at time when several readers
nave asked about the speculative pos
sibilities of German currency and
ponds and in view Of the fact that
there is considerable interest in the
German financial situation at present
1T may be we'll to devote additional
space IN these columns to point ont
some of the dangers in dabblino in
Central European currencies and So
curities.
Speculation in marks seems to recur
IN cycles as the price of the currency
declines. There was, for instance
heavy purchases in this country when
the mark first dropped below threo
cents and the resulting demand was
sufficient to increase the quotation in
a short time above the three-cent level
Germany met the apparent ahortare at
that time, however, by printing marks
faster than they could be absorbed and
consequently the exchange rate soon
feii OFT again and it has been on the
decline ever.since
lhere was another wave of buvino
when marks fell to one cent. and bere
again the speculative buying was sufi-
cient to check the decline. although
the tendency toward recovery was
only temporary. This buying was at
trlputed to reports that the Rcichsbank
would support the mark at tho one
cent level and that the quotation conld
not drop below this figure while the
New-York tribune., 1922-07-09
an Optimistic Vieau

II am an optimist whenever | see
the American railroads confronted
with an unusually heavy and seeming
! ly impossible task. Their capacity for
moving freight is far beyond the con-
ception of any one who is not actively
engaged in directing transportation.
In the emergency of 1917 before the
government assumed control of the
railroads, we carried materially
greater tonnage of freight over a
greater average distance without any
increase in equipment, and it can be
done again. Adequate equipment is
highly desirable. but it is secondary
to that elasticity of movement of
which loyal and strenuous cooperation
between the public and the railroads
is such an essential part.
THE greater part of the congestl on
in freight during 1917 was due to the
fact that, although goods were carried
without serious delay by the railroads,
the shortage of ships held thousands
OF loaded cars idle at the seaports. We
can face any future heavy demand on
the railroads with the assurance that
4 the surplus of shipping precludes any
possibility of delayed exchanges of
goods at the Waterfront.
The Southern Pacific system can
handle 10 to 20 per cent more freight
than is now moving over its rails. Since
the termination of government control
we have been adding very largely to
our sldetrack facilities to expedite the
movement of freight over our main
lines, Increasing the size Of old side
tracks as we'll as building new ones. AS
a result of these improvements and ad-
ditions the Southern Pacific will be
able to increase the train loan and
speed up the general movement Of cars
when necessity requires"
s.. Neither Mr.. Kruttschnitt nor Mr..
lLoree anticipates an industrial boom
beyond the carrying capacity of the
railroads. The temporary glut of coal
Freight that will undoubtedly follow a
settlement of the mine strike, of
course, is another matter.
New-York tribune., 1922-07-09
Iny estment for Francs

Question: have 10000 francs In Paris;
will you please advise me in what way I
should invest same to the best of my ad
vantage? Would you advise French gov
ernment stock?--F. s.
Answer-You can purchase any of
several isues of French internal bonds,
many of which are redeemable at the
option of the government in or after
1881, or you may take some Of the 3
per cent perpetual rentes. The French
government has also lottery bond
the per cent premium loan of 1920
which is redeemable in series of frs.
25,ooo,ooO capital each by semi-annual
drawings, March 16 and September 16.
for sixty years. Bonds so drawn will
be redeemed at $50 per cent of pal
value at any time at option of govern
ment. The French per cent national
defense bonds Of 1919, due May 16
1929, pay interest semi-annually in ad-
vance and if redeemed before matur.
ity pay in advance the unearned in
terest.
New-York tribune., 1922-07-09
Wool Dress Goods Active

Whether the relative high price Of
fine silks has influenced dress manu-
facturers toward wooden and worsted
fabrics may be the subject Of much
discussion, but the fact remains that
within the last few weeks strong de-
mand for wooden dress goods has de-
veloped. The crepe idea has been bor-
rowed from the silk trade, and wool
crepes are in active demand among the
dress producers. French crepes are
strong leaders, and several other va
rieties Of wooden and worsted cdepes
are moving briskly. Jobbers who fore
saw this development are understood to
be making good profits on their pur-
chases. Serges, tricotines and other
varieties Of twilled fabrics are not as
strong as the crepes, but are growing
l ndemand.
New-York tribune., 1922-07-09
Bonds for Widow

Question Having read with interest
your answers on financial questions. l
ask you to kindly advise me how to in
vest $4,000. I a widow with an In
valid sister to care for and 1t Is necessary
for TO be extremely careful and have
a perfectly safe investment I have a
small income from a house ($75) per
month, and about $4,000 In Liberty bonds.
This last $4,000 Is from the sale of some
renting property, which leaves me with a
small Income until I can invest it. Is 1t
best for ms to invest in all California en-
terprises on account OF the tax?-Mrs.
X. M. Mel.
Answer-AIthough we do not believe
it is necessary for you to invest all
your money in California enterprises
on account of the tax, there are sew
eral bonds secured by property in your
home state that are often recommended
in this column for conservative invest
ment. We suggest Pacific Gas and
Electric 5s, 1912, yielding about 5.s
per cent; Pacific Telephone and Tele-
graph EA, 1862, yielding about Sc per
cent; General Electric 6s, 1910, yield
ing about sc per cent; Pennsylvania
Railroad 61ss, 1886, yielding about Sc
per cent; United States Rubber 5s,
1947, Welding about 5.S per cent, and
Canadian Northern rs, 1910, yielding
about 81 per cent. Any of these bonds
would be suitable for you. We suggest
that you purchase two $1,000 bonds of
four of these issues.
New-York tribune., 1922-07-09
Drop Brooklyn Shoe Show

Tentative plans for the staging Of a
spring shoe style show next October,
projected by the women's shoe manu-
facturers in Brooklyn have been
abandoned. A QUESTIONABLE sent TO
each of the thirty-two members of the
Shoe Manufacturehs Board Of Trade
Of Greater New York, revealed that
only eight Of the firms were nj active
favor of staging style show in the
fall. Plans for the staging Of sum-
mer and fall show early next year are
still active. Abou twenty-one mem
hers Of the association participated in
the show staged at the Hotel Commo-
dore last May.
New-York tribune., 1922-07-09
Outlook for German Marks

""' you kfndty tell me whrc
""ae commission Difference .u,
o"0eeH ene assues the recem
Ah"e-Gsrman marks be manv de,sr
eSchange either in the form currency or IN tho
Oh exchange on Berlin No charged the profit
maze IN the exchange There is the present
between present day marks issued prior to 1914
New-York tribune., 1922-07-09
U. S. Cotton Goods in Hayti

Approximately SO per cent of the
total imports of cotton piece goods to
Hayti fer the fiscal year 1921 was sup
piled by the United States. The
Haytian tariff favors the importation
Of cloth. subsequently disfavoring i'm
portation of ready-made clothing.
Consul Damon Woods, Cape Haytian,
writes that cautious buying prevails,
due to the stocks accumulated ut war
time prices and the low purchasing
power of the population.
New-York tribune., 1922-07-09
Satisfied Judgments
In New York County


The first name is that of the debtor the
second that OF the creditor and date when
judgment filed:
Aronson. Louis-Phoenix Cheese
Co; Feb l, 1921. 21.............. s1ss47
Bernard; JOhn I'm @ O. and Fidelity ae,y g. :;
State OF New York; March 2S,
robin. Jacob. and Fidelity s
State Of N Y; April Is. 1919. 100000
Casualty Co of N Y-People OF
State Of N Y; March 9, 1929. 100000
Roberts. Oliver and Fidelity &
Casualty Co of Y--Peopie OF
State Of N Y; Nov 10. 1sls.... 100000
strivelli. James and Fidelity
Casualty Co Of N Y-Peopls of
State of N Y; April IA, 1921. 100000
Macdonald, Dwight-302 w s1st
St Corp: April 4. 1922. ........ 10000
Kushikow, VIM, Celia s Schmidt
and Harry Welkof1City Of New ,,77o
welkof, Harry-Morris Plan Co -
OF N Y; Nov 10. 1920. ....-.... dI.s0
Same-Commonwealth Bank. 1,2s2,I6
Galewski. Chas, and David Rosen-
baum-C Robinson, trustee,
jarvis. r, a. naward. ann 3D. and and Columbia ''''
Casualty Co--People of state OF
n s,s Y; Noy 1; 1871 yvacaTsN 1;na,,n eoo.oo
son; Oct a., 1921 (vacated). -. eeAfo
Kachurin, Philip-Steller Chemi~
cal Go. Inc; June 20. 1922 tva- ~, &,
cated) =, n..r r;onn.v A'o'i:0S
Leitner, Jacob--s,tate Industrial
Comrnission May 3, 1917...... $3.50
Sarne--Sams; May 3, 1917. 7....... 5000
same-E. sammia; May 20. 1877. - 30 30
Union Railway Co. and Charles A.
Maher-Y. Callahan; June 23.
1899 eIo.oo
New-York tribune., 1922-07-09
Financial Items

:. The foreign exchange department of the
Esnk OF Manhattan yesterday removed to
5S Pine Street, building acquired by the
tank in 1893. sold by il in 1885 and re-
Purchased in 1919.
E Guaranty Trust Company announced yes
tercay that on and after July 10 the Hook
itg Valley Railroad Company per cent
Equipment gold notes, series 80 and 32A, in
1nhnitive fon, with coupons due July is,
saz2, and subequent attached, will be do
3lvered in exchange for Trust receipts now
outstanding, upon presentation OF the lat
los q Its trua deparmsn~
New-York tribune., 1922-07-09
Demurrage Scale

The railroads want graduated scale
OF demurrage charges, and urquestion
ably they should have it. The object
of a demurrage charge is not to give
the railroads additional revenue, for
moving car produces considerably more
revenue than one that is standing idle
on a spur waiting for the consignee
to unload. Its object is. or at least
should be, to force the rapid handling
of goods after q car has been shunted
into a yard Of spur. Demurrage does
not serve its purpose when the charge
is too moderate. No agency has ever
attempted to figure out the unneces-
sary car days in period Of car short
age, but it is recognized that the item
is huge enough to demand some official
action. The time for such action is
during q period when the roads are
surfeited with idle cars.
How often do car shortage figures
picture a situation which actually does
not exist, or which at least is not as
serious as the figures Indicate? The
answer is: just as often as the shipper
who needs five cars orders eight or ten
in hopes of getting a created percent
age of what he acutlly wants. just how
the practice of placing cars can be
changed so that an artificial demand
will be impossible is not altogether
clear. But this is one of the regula
tions which railroad managers wish to
have changed. In this case, as we'll as
on the questions of demurrage, recon
signment, ito order" bills of lading and
minimum weights the time for earnest
consideration and action is when there
is no incentive for ordering more cars
than are needed, when reconsignments
are doing no particular harm and when
care might just as we'll be earning a
little revenue in the shoe string deal
er's home town.
In the opinion of Chairman Julius
Kruttschnitt, Of the Southern Pacific,
expansion TO meet an unusual increase
In traffic Is more a question of heavier
loading, quicker movement on the main
line and more expeditions handling of
freight on the part of the shipper and
consignee In answer to direct ques-
ton on the ability of the railroads to
hold up their end of business boom,
Mr. Kruttschnitt said just the other
day.
New-York tribune., 1922-07-09
bethlehem Motors Sold

ouestion-Can you gvie the status of
Bethlehem Motor Corporation at the pres
emit time? Is 1t in hands OF receiver or
has 1t been cleared out ?--B. ii ii.
Answers-The Bethlehem Motors
Corporation was sold at foreclosure
with the company, and the sale was
confirmed by the United States District
Court in Philadelphia on April 81. The
amount received for the property, IT
was announced at the time, was insult,
fcient to meet claims of creditors, and
since they had prior claim there was
nothing left for stockholders. Ola
Bethlehem Motors stock, therefore. Is
worthless,
New-York tribune., 1922-07-09
NOTICE OF REDEMPTION
NOTICE OF REDEMPTION OF BONDS
OF

NOTICE IS HEREBY GIVEN that On the
1st day OF August, 1892, all Of the outstand-
ing First Mortgage Six Per Cent. Fifteen
Year Sinking Fund Gold Bonds Of sperry
Flour Company. dated February I. 1919. and
secured by mortgage of the same date sxe-
cuted by said Sperry Flour Company 20
Anglo California Trust Company. Trustee.
will be redeemed, and there win be then dae
and payable on each OF said bonds, at the
Office OF said Anglo-California Trust Ccn-
pany, situate at the corner Of Market ard
Sansome Streets, in San Francisco. Cali
fornia, one hundred and two and one-hsif
{102h) per cent Of the face value thereof
with accrued interest thereon 70 said LIST day
of August. 1922. The holders of said bonds
are required to present the Same for redernp-
tion at said office OF said Anglo California
Trust Company On said ist day OF August.
1922, al said redemption price. 60 wit. one
hundred and two and one-half Per cent Of
the principal amount thereof with accrued
interest thereon. Interest on said bonds will
cease to accrue on said 1st day OF August.
132y
Dated: June 81, 1929.
ANGLo-CALIEoRNIA TRUST COMPANY.
cHAs. r. LEnaN, y,es-Prssidsss,
GRANT CoRDREX. Asses 6sek5s
New-York tribune., 1922-07-09
Railroads and
Traffic Demand
OF the Future
Continued from Page Seven,

.aiy present facilities and practices.
as believes, however, that 8 thorough
saine revision of certain practices and
ssscuIations would greatly increase the
ssrformance of freight cars already
Z nperation. The practices and recon-
~audasicns referred to are, in addition
= aha statement of a necessary 90
ssr cent increase in the shippers own
;se;iities and a as per cent increase in
r,unicipal transportation plants, relate
to-
Minimum weights.
Reeonsignment.
aTo order" bills of iading.
Demurrage.
Placing of car orders
hrief explanation of these items
iii show the saving OF time and eff
49, .has can be realized by applica-
.;an If the proper remedy. Mr.. Loree
ss,.l5 increase the minimum weight of
49, Noa, fnr which a freight car could be
sod' ssoo5 rontending that 20 per cent of
so,,;nrent is engaged in moving per
.e,t nj tka tonnsge. IN less than car
.en5 la4s He believes that consider
iyao 70 n,r,ber of cars will be. released
aoie res,,lt Of the rapidly growing
", otor transport.
"y.D paronsignment OF goods ordered
,.;tsous . prospective customer in
lew is an old aud costly abuse of
ss;lway facilities. The reconsignment
of a carload of goods half dozen
times Is not an unheard of practice by
snv means. Railroad managers are
lee reen for revision Of the regulation
tba. permits spectators to hold cars
In ;dleness while real shippers are
begging for freight space.
The Ito order" bin of sading is a
regulation which enables small busi-
ness men operating on "shoe string"
TO use freightcars for storage purposes
pending the sale of goods which have
been ordered as speculation. The
small dealers who resort to this prac-
tice are in effect speculating with the
railroads capital. Their activity is in
direct proportion to the activity of
business in general. Railway execu-
tives are particularly anxious to see
this practice abolished. They realize
that many small dealers who carry
their Offices in their hats would be put
out of business, but question whether
any one has right to do business
beyond the limits of his capital and
narrowing power.
New-York tribune., 1922-07-09

woerheide. VIM. H--v. Holub- <s16s
Same Grossman. an.............. 26s.75
g. Koelble-Robbins Co. ...... s5527
stein ct aI.................... - s62.2e
In Bronx County
The first name is that of the debtor.
Bartfeld. Samuel - Rottenberg
Son Co.. Inc. ................. s1ss4s
Hollinger Armin-D. Schmidt. 1851
Kroll. Meyer. and Isaac Okonof-
sky-B. schwartzberg ........ 1870
Levy, Charles-A. J. Weinstein. 1880
er's Sons & Co. Inc ......... 2o1os
am .................. 211.1o
Vessels, Henry--Swift & Co., Ino, 66.b5
New-York tribune., 1922-07-09
In Making a Delivery

ouestion-Mrs. c. D. correction.
Answer-In our recent reply to your
inquiry we were in error in saying
that in common practice sale might
be cancelled if the seller Of stock were
unable to make proper delivery. Unless
the seller can make proper delivery,
the broker must make good, and the
broker has the right to expect his Gus
toner to make proper delivery even il
tho customer has to buy the stock In
New-York tribune., 1922-07-09

Vsesssons Of general imserest 20 In.
Vestors scsH be answered h, this co,-
sasn, ~ soAich case only sa;tinis ,yiiI
es Mseds OTHERS sciu be uns,oersd H.,
matl Address ou inquiries. incis..
sng q sscnsped, addressed emueiope. IA
sssHanesal Editor. Ths Tribuns ,sI
"ossda Street.. NeW York CITY
New-York tribune., 1922-07-09
Third Avenue Adjustment IS

Question: am a chauffeur by trade
and would like to have your advice. Which
way would be the best to invest some hard
earned money? Some friends of mine ad-
wise me to buy % Third Avenue per
cent adjustment bonds There seems to
(2) What do you think OF Americana La
France Fire Engine, paying around per
cent? tS) Would Pennsylvania Railroad
be better ?--V. c.
Answer--lnterest payments on the
Third Avenue Railway adjustment 5
per cent bonds were resumed on April
i, 1922, after lapse of four and a half
years. There is now due 221a per cent
of interest arrears. You understand,
of course, that interest on these bonds
is paid only if earned, and therein
lies the element of speculation which
keeps the price of the bonds at such q
low figure. If you think your financial
condition justifies the assumption of
such risk we see no reason for
objecting. But we cannot rate the
bond as a good investment. The Amer
ican-La France Fire Engine stock also
contains speculative element which
places it in class suitable only for
those who can keep posted on develop
ments in the company and have the
financial capacity for assuming some
risk. Pennsylvania Railroad stock
would be better than either of these
two securities.
New-York tribune., 1922-07-09

The following judgments were filed yes
terday, the hrst name being that of the
debtor:
American OIL Eport Co.. .Inc.-H.
Abrahams Henry o.--Keystone
Export Corpn. ............... 2,o4o.s7
A. Weiss Drug Co, Inc-othino
Albrooht. Isidor, and Meyer Ma
rovsky Flannel Infants Wear
Mfg. tCo.-Princely Mills. Inc. 427.2o
Amo, Dennis P.-schieffelin q Co. 1876
Carthy .........,......... s,4ss.2o
Baynes, Ethel J.---C. scholl ct al. s4a.9S
ct al. &.' sso.14s.ss
Breden, Curt--S. r. Manly. ... 1877 90
Berk Louis--H. NJ. Well Co... 1000
Century Motors, 1nc.--H. osslas: 4ti.2o
Caplan Abraham-M. Danzker
Cohen & alick)--N Nadsl
Eiseman, aeorse-L. nlson: ~. 1870
El ssnderal Assn-v. l.. Thomp
Ebie bHn pusene-Trlnity building '''''
rinkeistein, naa phiilip-M Ratner.. 2oo.ss
ty Corpn .................... 227s.sa
Graft, Ala. II. Ray y............ 671.91
Henderson. Arthur Nj. Il. L.
He slofsky. Louis-A Renowitz 8
1saacs. Philip-M. wslntraum
johnson, David H-Park & iii
Kellman, Max-H Wilson ....... 139.o2
Kohler, Morris L-F w Moore
Kronberg. TG David 3 ; iArt Novelty
House) )-,Regel 6 Roos Coz 5000
Leve, Esther--D Slive ........ l66.74
Levine, Annie, and David Bolon-
sky--M Danzker ct al 1915
Landesman, Samuel-l73d Street ,,,
Landsman laeairs &C Garment aG Co, inc-s
Marchese &hese'." Sisters Embroidery
Corporation--Berg Bros 263.2o
Nands Max McNaiff ...... 1904
Noyack. DAVE Sobel ct al 80. 323.16
opel, Anna il Leibowitz.. 217S7
% Enterprises. Ino .............. 1.77Asa
Peterson. , T. sI Edgar c--J T Fogarty. l25.4o
Rosenberg, Joseph J-Bonnie b
i'1@lsei Fideiity and and Guaranty CO.. o. 1875
Silk Mills .................. 714.oo
Reisserg. Harry, S,.uu,s 9snd d. Morris ISn,a
(Royal Umbrella Handle Coz
CO ................... 1855
stein, Robert r. and simon Ber-
lan--Eisenberg General Co. Inc. 1ts1 1s
strollo, George-A 9 Ora. saa.Ss saaSs
SeRI RIne Co 1eso7
sommer George--Brooks Bros. 113s4
IInears Aarone-B. Unger $4,000
Union Poreeain. Works. Inc .., ro
National Chemical Products Co. 38I,b0
vo,L Aihert A--W q. T. sloane 2s8.10
| viscunti. Gino--P. Tavornnina. ~ ts4.sz
| wilson Jack--H. b. Klemens... zasse
Werbel. Lo,its--O. H Perry .Aa~m Sss.Ss
New-York tribune., 1922-07-09

four full columns OF in.
pestment questions and an
s,cers ,cill be published IN
The Tribune every Sunday
and Monday. On other days
one full column iuiII appear.
New-York tribune., 1922-07-09
Judgments Filed
In New York County

The following judgments were filed yes
terday the first name being that of the
/ "a