New-York tribune., 1919-09-02

Company, Inc, which has factory at
College Point, Long Island would
like to know if there is market for
these bonds and stock. II. II.
Answer-Investment houses in the
financial district say that there is no
general market for the securities You
mention. You might write the COM
pany for further information
Question-Please give me what in
formation you can regarding two bond
/ issues some Of which I hold, namely:
Missouri Pacific general 4s, which
purchased at 68 IS. and Kansas City
Southern refunding and Improvement
mortgage gold 5s. which I purchased
somewhat under the present market.
B. ?.
Answer-ln the opinion of bond men
your Missouri Pacific general as should
be safe investment, but it might
prove advantageous for you to ex-
change them for St. Louis-San Fran
cisco prior lien 4s, which have about
slightly higher return on account of
the shorter maturity. The Kansas
City Southern refunding and improve
ment IS arc also considered safe. They
are second mortgage on practically
the entire property Of the road, al
though subject to prior liens and cur
rent earnings show a wide margin over
the interest charges. The current mar
ket is between IS and 1885
Question Does Tennessee Copper
and Chemical pay dividend now?
Answer-No.
Question--Two weeks ago pur-
chased 500 shares of ly-Springteld
rights at Is per share. Friday. August
10, they jumped to 3 dollars per share
on the New York Stock Exchange.
About :35 .. N. | received telegram
stating that Kelly Springfield rights
expired that day and that my broker
would have to sell or exercise them
Immediately phoned to him to sell
at market, which stood at 3 at that
ume, and the next day | received a
fetter stating that he was offered ONLY
-16 and did not sell Subsequently
he writes that rights that expire are
usually not marketable AS have not
used the rights do you think the COM
pany might redeem them? What
would you advise" NJ 7.
Answer-The records of the Stock
Exchange show that the market in
kelly-Springfield rights on the date YOU
mention was Is to q, and it appears
pose of them, at least at the lower
quotation. Unless the company should
make an exception in your case. rights
when they once expire are not redeem
able. However, you might write the
, company at their address, 200 Yves,
Fifty-seventh Street, New York. n. Y
I Question-W What is the present con
dition Of English Marconi, and wha'
are its prospects Miss V. E. II.
: Answer-Although the recently is
y sued annual report for 1918 Of tn,
: Marconfs Wireless Telegraph Compan,
includes no credit for claims agains
the British government, and takes n,
e account of the large Judgment recentl,
obtained fV the company. it shows tn,
greatest profits in the company's his
0 tory. Gross earnings were G766,26,
r and net 2597, ,93S-mOre than five timc
as much as the net in the last full yea
g of peace. We quote from the lates
issue Of "The Economist" of London
. Not only have gross profits risen b,
. over f226.00O. but the net profit i
y s2l4.OG0 higher. expenses having riser
"a 1900 and still being no higher thar
in 1916 and q good deal lower than il
1915. The per cent participation
Il preference shares receive an additiona
= Is per cent, making 22 per cent for tn,
year. while the ordinary shares get o
per cent as compared with 20 per cen
for the previous year and Is per cen
d two years ago. The ALLEGATION to re
y serve is increased from 100000 t,
a fl5O,O0O. and fl63.7S6. or s87,026 more
! is carried forward. The reserve funt
T now stands in the balance sheet a
f1,l00,000, and there is reserve fo
unpaid expenses and receipts in ad
vance of S360.68l. which is s303, ,O0t
higher than last year. Creditors hav,
), risen by S10l, 900 to f32S, 500, and debt
}, ors are Sl35,000 higher at Gl,246, 200
/, Investments and loans of 982l, 400 shov
I an increase of f533,000: shares in as
), sociated companies are 1133O00 lowe
!, at il.365,,0 90. The last named, which
I have a par value of f2,346,0O0 exclusiv,
Of shares having no capital denomina
+; tion. are taken at cost price. The or
t, dinary shares at the present quotation
/ Of l-S give return of LIE pc
|. cent.