New-York tribune., 1919-09-16

Question-Which of the following
stocks do you consider sale invest
ment for small INVESTOR: American
Beet Sugar, American Locomotive,
Bethlehem Steel 3D." Pressed Steel
Car, Railway Steel Spring "A N.
Answer-Thosc stocks all represent
equities in standard industrial corpo-
rations of excellent repute. But, as is
the case of all industrial concerns,
earnings of these corporations huct-
uate widely over a period of years, re-
sultihg from time to time in changes in
dividend rates. That affects market
valuations favorably or unfavorably as
the case may be. If you are seeking
a safe investment in industrial secu
rites why not buy the preferred
shares Of some of these companies or
bonds? They may yield a smaller re-
turn but they are much more stable.
Question-Do you consider the Ameri-
can-Canadian Corporation cumulative
convertible 8 per cent preferred stock,
selling at $S5 a share, a good, safe in
vestment? The stock is being offered
by f. A. Clawson g. Co., 300 Broadway.
d. r.
Answer-Whilc not caring to CONF
ment on the merits or demerits of the
stock in question, we offer the opinion
that any per cent stock selling at $S5
a share could hardly be placed in the
investment class. The price itself
would suggest large element of spec
ulation.
Question-ls it fact that the Amcra
lean Ice and National Ice companies
have consolidated and that Cluctt Pea
body common stock is to be put on an 8
per cent basis "A. C. r.
Answcr-There has been talk of a
consolidation of the American Ice and
National Ice companies, but it is the
opinion of interests conversant with
the affairs of both concerns that n
merger will not evcntuate. Banking
interests affiliated with the affairs Of
thc CIuett Peabody Company express
ignorance regarding reports that the
common stock is to be placed on an 8
per cent dividend basis. The present
rate is 6 per cent. Directors are sched-
uled TO meet early in October.
Question-Will you kindly give me
any information you have on Glenrock
Oil? Was informed at time of pur-
chase of stock last May that the com
pany would soon be paying dividends.-
A. J. B.
Answer - Company owns producing
properties in Big Muddy Field, Wyo-
ming. and in Montana. Has outstanding
$S,SS7,500 Of capital stock of $40 mar
value and no funded debt. Has never
paid dividends. No information on
earnings is available.
Question-Please advise as to e en-
ersl conditions Of Ohio Cities Gas
p.:d. H. J. K.
Answer-Nct income after all
charges and before dividends amounted
TO S9,536,56S in year ended March 81
last, compared with SlO,32S,491 in pre-
ceding twelve months. Company had
cash amounting to S9,559.G49 at end
of fiscal year, compared with S3,421 $40
year before. Net working capital
given as Sl7.l74,255 on March 81,
against SlO,3SS.304 same date, 1918.
Company has more than zoo. 900 acres
OF leasekolts of oil and gas territory,
about 100000 acres Of operated leases,
close to 1000 producing oil wells, with
properties in or near practically all
of the proved oil fields in the country.
Paid 3s4 per cent dividends in 1914,
"a in 1915, So in 1916, 1914 in 1917,
20 per cent in 1918. Paid per cent
IN hrst quarter of current year In
May dividend was cut to 81 quarterly.
or per cent, putting stock on annual
basis OF s4 year, or 16 per cent