New-York tribune., 1919-10-10
Questions and Answers

| IAN4A4rt iI1A OSlOh, Inc Tribune.
| I54 Nassau street. New York CITY |
Question:: Do you consider United
States Rubber bonds good and safe
investment; also, what would you rec
ommend to buy, the Is or IS? Let
me know what is meant bv United
States Rubber bonds Is Mt. APB.
Answer: Earnings of United States
Rubber are largest in its history. First
refunding per cent bonds, due Janu-
airy I. '1947, may be considered good
investment. Yield at present prices
about per cent. Net earnings for
1918 were nearly five times interest
charges. The per cent notes. due
December l. 1923, are good short
term investment, selling on basis at
present to net sos per cent: Secured
by S9,OcO,0O0 of the rcfunding 5 per
cent bonds and issue of notes is
100000 Just as safe as the S per
cent bonds. All depends upon whether
You desire short or long term invest
ment.. The "N1'' designates notes.
Question: own a $1,000 A per cent
first mortgage forty year gold bond Of
Metropolitan West Side Elevated Rail
way Company, Chicago, due August /,
1888, which | purchased about four
years ago. Am desirous of disposing
Of same and would like to know what
the market value is at present and
whether l will be able to dispose Of
same in New York, and, if so, what it
will bring.-J. NJ. r.
Answer - Metropolitan West Side
Elevated per cent bonds of 1888 are
listed on Chicago Stock Exchange, and
last recorded sale was 45ia per cent
e De- >I,...
to any New York Stock Exchange firm
preferably one with Chicago connec-
tions, you should receive this price or
close to it, less commission.
Ques ton Would appreciate express
sion of opinion on preferred stock Of
Eisemann Magnetic Corporation. Also
carry on margin Cuba Cane Sugar pre-
ferred, California Petroleum Corpora
ton preferred, American Ice preferred,
Ameican Can, Anglo american Oil. DO
you consider it wise to carry these
securities for several months or dis
pose of them now? What do you
think of Cosden common, or American
Telephone and Telegraph as invest
nents &C. L.
Answer--Eiscmann Magnetic Com
pany : per cent preferred stock offers
an unusually high WELD. Provisions
in connection with the preferred issue
appear 20 be sufficient 10 safeguard it,
Cuba Cane Sugar preferred appears
able to maintain it's dividend of per
cent, and while the company has had
its troubles il seems TO be coming
through them, and prospects, we are
told. are brighter than for some time
past. California Petroleum preferred
showed earnings for first six months
fI tnI
annum. Business OF the company is
said to be larger at present. American
Ice Company makes public its earnings
statement but once year, so we are
unable to tell what present operations
are. We have reason to believe earn
ings this year will be large. American
Can Company is said to be earning
sufficient to start dividends on COM
mon stock. and market would seem to
reflect something OF the sort. Anglo
American Oil Company is consistently
good Garner and although stock is more
or less inactive, outlook is good. Co.'S
den < Co. and American Telephone
and Telegraph were treated in recent
articles in the Investors Almanac We
cannot advise regarding speculation as
SO many contrihut0ry causes enter into
it.. Almost all securities, regardless of
earning power, feel the effects of day
10 day news.
Question: Kindly give list Of good
preferred stocks On which there are
back dividends, amounts due, and
which are likely to be paid in near
future. O. d.
Answer: Besides those you name.
following stocks have accrued div-
dcnds unpaid; Hydraulic Pressed Brick
preferred 40 Per cent; Kirby Lumber
preferred 120 per cont: American Writ
ing Paper preferred, 131 per cent. OF
course We cannot tell what chances are
Of these dividends being paid.
Questions: What is your opinion of
the Equitable Investment Company
stock? Was offered this stock \ few
months ago, but it sounded too good to
be true, as the brokers claim it pays
80 per cent T. L. l..
Answer: We can get no Important
information on this concern, but you
may be sure Of one thing, no company
which pays 35 per cent for any con-
siderable length CT time would have to
solicit subscriptions to its stock.