New-York tribune., 1919-10-09


at 81 to holG as investment. Tell ME
dividend record Of stock. Would YOU
advise selling or holding? Have also
Pennsylvania Railroad-would YOU ad.
wise holding? What do you think of
| Tobacco Products preferred as an in
vestment? Please name three of the
best stocks for a small investor to
buy to hold for income, considering
amount of dividend, safety and etc
c. B.
Answer-Dividends paid on Northern
Pacific as follows: 1899, per cent:
1900. per cent; 1902, So per cent;
1908. to date, per cent. Seems to us
that worst features of railroad stu
ation have been discounted and that
Northern Pacific and Pennsylvania arc
worth holding st present prices. To-
/ bacco Products preferred is good in
dustrial stock. Seasoned Industrial
preferred stocks appear to offer favor
able opportunities for investors. Unit
ed States Steel preferred, United States
Rubber preferred and Corn Products
Refining preferred are three Of these.
Question--Have $1,000 want to in
vest IN some good. safe bond that
pays per cent. Following bonds we're
/
edge investments. Kindly give me
your opinion and suggest wtich you
thlnk would meet ny requirements.
Bethlehem Steel first Us. .947; Liggett
& Myers dcbenture 5s, 1851; Pennsvi-
vania Railroad Company general mort
gag IS, 1858; Cleveland }ect1is H.
!nmlnating Company iirat mortgage
pei: cent gold bonds; Central Railroad
OF New Jersey per cent oonds-
A. r.
Answer-We find no Bethlehem steel
first :, per cent bond, 1947. Doubtless
you have reference to either the first
rounding per cent, due 1912, or the
purchase nancy y per cent. due 1896.
Eitiisr n. .hcse and the others men
toned i'll your letter are good bonds
ard you you'd be safe, We think, i'm
investing in any of them.
Question--fieasc give ne lis, of tan
preferred stocks yielding from TO
per cent that, IN YOUR judgement, are
perfectly safe Investments and cannot
be retired by compauics.-W (. G.
Answer-Follo~ing is list of pre-
ferred stocks, none of which mag be
called by the company and which WELD
from to per cent: United States
Steel preferred Virginia Carolina
Chemical preferred. United States Rub
Der first preferred. Railway Steel
Spring preferred. Republic Iron ard
S}cel preferred. American Car and
Foundry preferred, Corn Products Re-
fining Preferred American Can pre-
ferred. American Locomotive preferred,
American Woolen preferred. But re-
member there are no perfectl. safe
investments, except, perhaps, United
States government bonds.
Question-Kndly give me what IN
formation you can in regard 10 Brook
lyn Rapid Transit bonds. hold four
$1,000 bonds. Would you advise hold
ing them for reaction in future? Also
own fifty shares Union Pacific common
stock and can get out even by selling
now. If the prophecies Of railroad ud-
mnistration can be depended on the
future for dividends looks very uncer-
tam. and any suggestions from YOU
IN regard to these investments will
be apprecated.--E. r.
Answer-You do not state what par
ticular Brooklyn Rapid Transit bonds
you hold Some are better than
others. But in nearly every instance
prices of the Brooklyn Rapid Transit
bonds are SO low that they would ap-
pear to have nearly discounted the un-
favorable news. Union Pacific is one
of the roads which more than earn
their government guarantee, and we do
not believe any legislation will be en-
acted which will rob this corporation
of its earning power.
Question: May ASK your advice or
opinion on following plan TO invest
about s5,o0o-ny entire capital:
American Agricultural Chemical, ten
shares; American Beet Sugar, ten
shares; Royal Dutch New York. ten
shares; Standard Oil Of New Jersey
new preferred), ten shares; Atlantic
Refining Company (new), ten shares
J. G.
Answer-First three stocks are COM
mon issues, and while at present prices
they yield purchaser large income
lover per cent?, nevertheless they
are subject to wide fluctuations. Divi-
dcnds are not stable neither are prices
OF stocks. The two Standard Oil pre-
fer-ed issues, while new, have back of
them large earnings covering num-
ber Of years and may be placed in the
same class as United states Steel pre-
fered. Virginia. Carolina Chemical pre-
ferred and Il number of similar issues.
IL SOu are investing your eEtire ClD-
ital we should say that il would be
best to confne your investments to
good bonds and high-clnss preferred
stocks.
Question: bought the following
stocks several years ago: Erie com
mon at 381s, Kansas City Southern
common at 27ia, Southern Railway
common at 81 z and Denver & Rio
Grande common al 1919. In view of fact
that Cunmins railroad bill rates are to
be based on property valuation. kindly
suggest whether to hold or switch into
some other low priced railroads that
would be better to hold. ! am a work
ing man and my life savings are in
vested in them and they show n heavy
loss, which disturbs my peace of mind
and | would thank and appreciate YOUR
help.-C. J. T.
Answer-It would appear '4et about
all the unfavorable developments which
might AFFECT railroad stocks have taken
place. Various bills are being presented
In Congress to provide for the future OF
the railroads. But we do not believe
any legislation will be enacted which
will be inimical to the interests of rail.
road stockholders. Your stocks should
a'l appreciate in value. Perhaps there
is reason not to expect any re.
markable rise in Denver & Rio
Crpndo thor, 10