The star and Newark advertiser. [volume] (Newark, N.J.) 1908-1909, 1908-12-07
LOCAL SECURITIES
GO TO HIGHEST
LEVEL IN YEARS


sidered quite low. The present yield
ing powers of all issues are in them
selves very tempting and inviting.
Public Service Securities.
The gold notes of the Public Service
Corporation which will mature on No
vember 1, 1909, made a record price
during the week, selling at 991A. AT
this price they net the investor 5h per
ont. They are the first obligation of
that corporation to become due, re-
decnklble at 1000. During the past six
m6ptlls Il number of financial institu-
tior y snsre and in Philadelphia n New
Yorl az purchased these gold notes at 90,
who's 4 return ON the investment will
net Il tsn from 11k to II per cent, and
there Is no investment on the New
York m Srket whose yielding power is as
large as \this or that can equal it's mar
gin of Rfety. The close OF this on
saturday was $685. bid, offered at 99%.
Public Service Corporation certifi-
Gates also shared in the general ad-
vances amy the demand was large. AL
brokers rec ess,ed large orders, as vel
as small ONES, to purchase them at the
best market; prices, even up to rs
These orders amounted to several hum
dred thousa. Nd, but, owing to the
limited NUM- Hr OF offerings, hardly
100, 600 changed iEands. AS this security
will advance tty6 per cent in two years
and at that time net the investor 8 per
cent, it is bect> nring an attractive one
These perpetual int~erest-bearing %certifi-
Gates are practically a savings bank,
and to the smeaL investor a bonanza
To the person o moderate means they
are a most desirable investment, and
these certiilcatest are one of the very
few investments OH the American mar
ket that offer such Inducements to the
wage-earning ella EscS. The recent ac-
tivity in them, accompanied by the adj
vances In price Wpuld seem to indicate
that the general public is entertaining
a better appreciation of 6Aeir intrinsic
worth. They are uoW selling at 75, an
ADVANCE of Z per .seat. within the past
few weeks. 1t is claimed that after the
first of the var they will be a cheap in
vestment at 80, anal Will continue to ad-
vance thereafter.
The common stock OF the Public Serv-
ice Cooperation was very much in de-
mand during the pass few days. II
rapidly advanced to 81 bid with no
offerings under par. This stock pays
4 per cent. Owing to the increased
business of the company and the graft
flying showing in its earnings during the
past half year when times were not the
best, the Pubalc Service Corporation
has been one of the thousands of such
gas, electric and traction properties In
the United States to make such I'M
looked-for progress. 1t mas been so
fortunate in this respect that 1t has
attracted the attention of investors in
other markets who have purchased
considerable of this stock. One brok-
erage firm in New York has placed an
order with Eisele & King, Of this city,
for 1000 shares of this took for a client
In Baltimore, and 200 shares for an
other client in Chicago.
Bank and Insurance Stock.
Consolidated Traction was we'll taken
and sold as high as 75H, closing at 74A
bed, 1914 asked. This stock pays 4 per
cent n at the closing price of Satur-
day its yielding power is close onto G
per cent. Those desiring a permanent
investment, 1t should be a favorite and
an attractive one, as 1t Is an underlying
security. All other a electric and
traction issues came In for their share
of the gains made.
A very pronounced rise in bank and
assurance stocks has also been a feature
OF the local market. There was an in