New-York tribune., 1919-10-28

QueSIloh-W III you kindly advise
me concerning safety of per cent
municipal bonds, issue 1918-19, of
cities of Berlin, Dusseldorf, Cologne.
Hamburg, Bremen? At present ex-
change they are remarkably low. In
what way would one incur loss by buy
ing marks, providing Germany didn't
go bankrupt y. J. L.
Answer-We cannot attempt. to fore
cast future value of German municipal
bon bonds. There is considerable chaos
there and they have a great deal of
trouble to work out of. So much
paper money has been issued there.
even by various municipalities, that
we understand difficulty is being en-
countered in receiving full value for
the currency issue of one city. No
one knows, after all of this, what the
future value of the mark will be. We
should say the whole matter is a
gamble.
Question-Pcase advise me regard
ing Utah Securities Corporation I un-
derstand earnings are progressing at
favorable rate, but wonder when they
VIII be of such amount as to enhance
[
you name any stocks of fairly safe
status that can be held for year or
Two for large rise? ! wish to put
several hundred dollars where it will
net draw interest or dividends if [ can
get better return by buying long pull
stocks. Is Coca Cola a good buy at Al
for rise of IA points Il. b. B.
Answer-Market statement of Utah
Securities Corporation shows operating
income for first eight months of 1910
as S2,iiS,427 against S2,495,9OS in 1918.
AS full year 1918 showed earnings of
81 cents on stock, it does not appear
that present earnings warrant a much
higher price for stock now. We cannot
attempt to suggest stocks for specula-
tive purposes. COca-COla is a new or
ganization and has yet to demonstrate
its earning power on new basis.
Question Please give information
and opinion concerning Midland Trust
and Savings Bank, St Paul, Mimi, and
Republic Oil and Refining Company
j. J. T.
Answer-We have only just ascer-
tained that Midland Trust and Savings
Bank OF st. Paul was organized in 1916,
with 100000 capital and $25 900 sur
plus. No statement is available re-
garding deposits, etc. We are informed
that the bank is small and has a very
limited market for stock. 1t would
appear wise, as rule. not to rush
into small local concerns which are
so far distant. We cannot see any
great benefit in the proposition. Re-
public Oh and Refining, like many
other oil concerns, is doing a good
business. 1t has just declared a
dividend Of 10 per cent and an extra
Of 2 per cent. Property consists of
about $4,000 acres of leases in Texas.
1t has refinery and is drilling con-
stantly. 1t produces about 700 barrels
daily: Stock outstanding is $526.39O,
par 81. No financial statement avail
able.
Question-Will you please favor me
with your opinion of the Austin
Nichols per cent preferred stock as
an investment? 1t is offered at 90 and
returns 3 per cent, which seems
rather high for safety.-S. w.
Answer-Austin-N Nichols is a we'll
managed concern and preferred
stock which was recently foated j.,
not out of lire with similar stocks.
After stock is absorbed it should
work higher, provided earnings re.
main as good as at present.
Question-Kindly give me your
opinion as to the advsabiIity of in
vesting % per cent Of ones capital
IN either Pullman Company or
National Biscuit Company common at
present market prces.-F. W. NJ.
Ans"er-Both Pullman and National
course they are not followed by other
issues. and fer that reason are more
or less speculative. twenty-five per
cent OF ones capital does not appear