New-York tribune., 1919-10-31

are good buy at present prices. Cal
ifornia Packing Company preferred,
paying per cent, offers good, spec
ulative investment. Convertible clause
is a feature of some strength, Tor
should earning power of company grow,
it gives preferred stockhoader an op-
portunity to share in profits. stand
ard Oil of California selling at abont
sos, paying 10 per cent, yields. only
3.2S per cent, but company usually de-
clares extra dividend during year
Earning power of company is large
and while stock is more or less spec
uatiye it appears safe. If you keep
Yourself posted at all times securities
you mention are probably all right
Question: own five Public Service
; per cent bonds bought several Tears
ago at SO. They are now selling at o9,
declining about points in last month.
In view O. present condition of COM
pany's affairs. would you deem it wise
70 sell II hold on M. B. X.
Answer--if you feel uncertain about
future of Public Service Corporation
WHY not transfer your investment to
good industrial preferred stock which
will net you between 6f2 and per
cent?
Ouestion-Is Vanadium Steel Com
pany engaged exclusively IN mining
vanadium? If so, end considering that
company controls property containing
100 900 900 pounds Of the mineral, pres
ent market value being over 50 per
pound, can you give me an approx
mate idea as to life of mine, basing
your calculations on present produc-
ton? Is company paying dividends at
present? IF not, would you consider
it safe investment to hold for en-
hancement of values later on Il. NJ.
Answer-Can give you little informa-
ton about Nanadium Steel Company.
1t was only incorporated last month
with 100000 shares Of no par value.
No statement regarding production is
Forthcoming. We understand at pres
cnt production Of ore is company's
only business. but it has been sug-
gested that it is foundation for a
larger concern for development of
steel alloys.
Question information about
Lindsay Light Company, dealt in on
Chicago Exchange, whose common
stock has dropped in last two or three
months from 25 or sc to II or &c.
c. L.
Answer-Probably reason for drop in
Lindsay Light stock is this: For quar-
! ter ended June 80, 1919, net earnings
were Sl1.699. without deduction for
Federal taxes.
Question-Kindly publish in your
column your opinion on International
Nickel and Jewel Tea preferred.-D 8.
Answer international Nickels af-
fairs are said to be better than for
some time past. There was a large
falling of in foreign business. but this
is reported to be picking up. Jewel
Tea suffered recently on account Of
their coffee business. which is said TO
be about 65 per cent of total. But
earnings reported to he running better
now. Preferred stock is not quite in
prime investment class.
Kindly publish list of
twelve or fourteen Of what you think
are most reliable of preferred railroad
or industrial stocks.-B. H. A.
Answer-Among good preferred
stocks may be mentioned the folloring
Norfolk and Western Railroad, Union
Pacific, Atchison, Chicago and North
western, Reading, United States Steel
American Car and Foundry, United
States Rubber. American Woollen
Standard Oil of New Jersey, Atlantic
Refining, Corn Products Refining.