New-York tribune., 1919-10-26

AnsWer-Nc understand that ef-
forts are now being made by Chatta-
n0oga Railway and Light Company to
effect complete separation Of prop
erty formerly owned by railway com
pany and Chattanooga Railway and
Light Company. This, however, is
being fought by interests represented
by Graham, Parsons & Co, of Phla-
delphia. We understand that earnings
Of Railway and Light Company are
sufficient 80 meet taxes and interest
charges, and unless prevented by
bonds of that company November /.
Graham, Parsons & Co. are asking
holders of Railways bonds to deposit
same with them in order that con-
certed action may be taken. Most of
outstanding bonds have already been
deposited, we understand,
Question-Kindly inform me about
Chicago Railway 5s, now quoted about
73, also about same Series A. Would
either be a good purchase at market
bonds, had l better sell at present?
Answer-We are Informed that sit
uation relative to Chicago Railways
Company 5 per cent bonds, Series A.
is much improved. Company recently
obtained an increase in fares. We be-
Iieve you would do better to hold your
bonds.
Question-Will you kindly give me
Information regarding Anglo-American
Oil? | should like TO learn it's par
value, return at present price; also any
thing concerning its history and prob
able future.-G. ".
Answer--Anglo-Amc Oil has
e3,O00,000 capital, par value il Pres
ct dividends are 80 per cent per annum,
or about l.l2l2 per share. At pres
ent price, about $50, stock yields about
4M per cert. The company is the larg-
est petroleum distributing company in
England, owning large fleet cf tank
ers, wharves and tanks in Manchester.
and has $50 distributing depots in the
British Isles. For the year 1918 the
surplus, after s750,000 dividend, was
&290,000, against G53,9l2 for 1917.
Qucstion--I shall be much indebted
to you for information on Interna-
tional Fur Exchange, Inc, per cent
cumulative preferred stock. Is it listed
on the New York Stock Exchange .
F. McC.
Answer-Prefcrred stock of this COM
pany is said to show earnings of over
five times dividend requirements, al
though no financial statement is avail
able at present. There was $2.5000O0
preferred stock recently offered at 95la
and accrued dividends and 10000 shares
or common, no par value. Company
collects raw skins and sells same at
! wholesale. Stock is listed on New
York Stock Exchange.
Question-KindIy tell me if it is bet
ter to hold or sell following securities
which I bought at much higher prices
than now prevail: Butte and Superior
/ Copper, Ray Consolidated Copper, To
| nopah Belmont, American Hide and
Leather common. Lake Superior COM
mon, Keystone Telephone common,
Southern Indiana bonds, Lchigh Power
securities.-M L.
Answer-We cannot undertake to
predict the course of the market.
Metal shares have suffered consider
able declines, but outlook appears bet
ter. American Hide and Leather COM
mon is speculation. Southern In
diana Railway bonds arc dependent
upon what Congress will do for the
railroads. No one knows.
:, QuestionnDo you consider that
refunding per cent bonds are a
good inves tment? Return at present
price is very good one, and 7
cannot understand w = bonds are sell
ing so low. ] will have in the neigh
borhood of $1,000 to invest shortly and
have thought of putting ii into above
bonds or possibly Cities Service de
benture c Z per cent bonds. VIII You
please advise me, III case you do not
think faVorably Of foregoing, Of some
good bond yielding fairly high return ?
H. S.
Answer-Hudson & Manhattan Rail
| road first preferred } rcr cent bonds.
| due 1857, are first lien on tunnels
| from Fifteenth street, Jersey City, 10
| Pennsylvania Station in jersey City,
and under river to Hudson Terminal in
| New York, and a second lien from Fif-
tcenth Street. Jersey City, to HoboI>en,
and under river to Christopher and
| Thirty-third Streets, New York. Also
second lien on the Hudson Terminal
Building. Company is under Federal
control, anG latest earnings show a fair
margin of safety. They are not, how
! ever, prime investment. Cities Serv-
| ice Z per cent dcbenturcs, on account
/ Of great earning power of the company
! may DO considered safe.
! Question: bought some National
! Conouit and Cablc shares at a fifrurc
(! much above present quolatio and am
! quite disappointed al It's actions III
! present bull market. This concern is
sues quarterly statements and these
/ have usually shown a deficit. How do
! you account for this? Business in gen
eral seems TO be very coed and | am at
! a loss to understand why Conduit oper-
atcs at . loss. it produces articles for
! which there must be demand. Would
= You advise buying more on any dips .
| ". X.
| Answcr--Ths company was one which
| apparently saw its best days during
the war, and judging from earnings ut
present company will have to improve
| considerably more to cause stock to
| have d substantial rise.
| Question: own 200 shares Of Ten
ncssce Copper Ut 17's and would like
to know Of any chance for it TO come
back, as there arc a great many rumors
! about this stock-W =. L.
| Answer Tennessee Copper and
| Chemical Company is said to be In a
better position than for some time past
J There was great deal OF litigation
| recently and, now that il is over. it
would appear that company tx in fair
| way TO regain lost ground. We under
stand cash position of the company is
). good.
,