Newark evening star and Newark advertiser., 1915-03-20
LOCAL MARKET
REMAINS STEADY
Good Demand and Light Offer
ings Keep Stock and Bond
Prices Firm.

Although there was ample evidence
OF growing interest in the local in
yestment market, the trading in
stocks and bonds this week was light
1t was plain, however, that there is
plenty of money awaiting investment
and In the opinion of students of the
situation just as soon as things ass
sumo definite shape in the New
York market, or with the first signs
of rising prices here, there is very
likely to be some brisk buying.
To the average conservative inves-
tor the local market offers an alluring
array of sound securities that at
present prices afford an attractive in
come investments, these offerings are
in no sense speculative. Thep repre-
sent something that is much more
than hole in the ground" In them
many wise and cautious individuals
and a large number of big institutions
have invested their money. They are
securities that have been carefully in
vestigated, not only by market spe-
cialists. but by the learned legal rep
resentatives of investing corporations,
and so highly are some Of them re-
garded that they hare been formally
recognized by the authorities as safe
and proper investments for savings
funds and estates
wild Cat" Paper.
As time goes on the investing pub
lie, having learned It's lesson in wild
cat' securities, is turning with more
and more confidence to the stocks and
bonds of utility corporations, and in
these offerings those of the Public
Service Corporation and it's underly-
ing traction. gas and electric proper
ties stand at or very near the top. 1t
is not difficult to understand why
that Is so These stocks and bonds
are issued on properties that have
been not only extraordinarily success
full under wise and progressive man
agement, but that are operating in a
constantly growing field.
Among the bonds In this list there
are many that at present prices af-
ford a substantial yield. That in
come ranges all the way from 4.51
per cent. on Newark Passenger Rail-
way first mortgage bonds, which are
now selling at 1854. to- 575 per cent.
on Public Service Corporation Cen
eral 5s. due in 1853. -
Those who are seeking larger in
come on their investments are Civ
ing attention to the guaranteed
stocks of some of the underlying
companies of the Public Service.
These stocks are guaranteed in the
sense that the parent corporation
has assumed the responsibility for
the payment of the dividends which,
for the most part, are fixed at per
cent. At the present prices these
stocks afford an income as follows:
Essex and Hudson Gas Company.
seq; Gas and Electric Company of
Bergen County. 5.34; Hudson County
Gas Company. col: Newark Con-
soliaated Gas Company, SIS; South
Jersev Gas. Electric and Traction
Company sos.
In addition to these stocks and the
bonds there is offered to investors
perpetual interest-bearing certificates
Of the Public Service Corporation.
Just now these certificates, which
have always been highly regarded by
investors, and which are usually in
good demand are selling at 10TH. At
that price they furnish an income of
5.57 per cent. ~
City Bonds Active.
Aside from the utility offerings the
most active securities are the mu-
nicipal bonds. Newark Funding 41ks
are offered at 1o5% and yield 4.16 per
cent; Newark Dock gold AIS give
the same income, and some city of
Passaic bonds are selling at prices
that Yield 4.27.
During the week the bank stocks
and the insurance stocks were firm
at unchanged prices. with most of the
interest centred on the stock of the
Fidelity Trust Company. The de-
mand for that stock was good. but
very little of 1t was offered. and in
1t the trading was light. One sails
was reported at 425.
Money was easy.