New-York tribune., 1919-10-04

Ves'ment: Royal Dutch, New York.
american Hide and Leather preferred.
eNas on, Sinclair Oil, General Elec-
trlc and Worthington Pump preferred
a.. c. Z. c.
Royal Dutch. American Hide and
Leather preferred, Texas Oil and Sin
clair Oil are speculative, for. particu
iariy in case of o!-producing GONNA.
nics future is uncertain. All these
stocks Hnctuate widely on the Stock
Exchange and are subject to news of
various sorts. AZ present prices in
come return on Royal Dutch is about
So per cent. on Texas Oil 3.65 per
cent. Sinclair Oil pays no dividends.
American Hide and Leather preferred
now paying regular dividends of per
cent and extra dividends on account
OF arrears which amount to over 100
per cent. General Electric is an old
established company with long divi-
dend record and stock may be consid
cred fair investment Worthinpton
Pump preferred yields UNUSUALLY
good return. and az company recently
went through drastic reorganization.
stock may be considered fairly good
investment
Question:-Am interested in prior
preference stock of California Railway
and Power Company. Dividends have
not been paid on stock for some time.
Can you inform me as to outlook for
earnings and dividends in near future9
Also do you consider that a person
owning Kings County per Get bonds
lf.levatcd Railroad Companv) should
hold on or let them go at low prices
prevailing now? A. W. r.
Answer &C. X. -, P which owns en-
tire capital stock of United Railway
investment Company of San Francisco.
has, like other public utility companies.
had considerable difficulty of late. par
tlcu!ar!y with their street railway COM
panics. Earnings are poor, and last re-
port at hand shows deficit for wear.
With high price Of labor and little or
no relief, so far as the raising of rates
is concerned, outlook is not very en-
couraging. Believe you would do better
TO hold your Kings County Elevated
bonds rather than sacrifice them at this
level.
estion:-From time to time for the
last seven or ten years | have saved
from my personal allowance sufficient
to buy five shares at time of Amcri-
can Tobacco. until now have fifteen
shares. VIA YOU kindly inform me if
you can, what the quotations of recent
days mean, and would you consider it
advisable to close it out at its present
price, which would give me a very good
profit? / bought it for the big divi-
dent it pays. Would also be grateful
for your opinion on Norfolk & Western.
1t is now two points below where |
bought it and seems to be heavy.
MRS. Z. I. O.
Answer 1t has been rcported re-
hacco Company would merge With an
other corporation, but this report has
not been officially verified. The stock
has proceeded upward at such rate
that the profits in it are most attrac-
tive for many people. There is an old
adage in Wall Street to the effect that
ono never goes broke taking profits.
Norfolk & Western is in no different
position from other railroad stocks
1t is Il good road and one of few in
the country which moro than earns its
guarantee by the government. All
railroad stocks are heavy because of
uncertain outlook. But if Norf, TX is
nearly every railroad in the country
will be, too.
Question: notice that the selected
list of high class preferred stocks pub
lished by you, and so inferentiallv
recommended for investment, does not
include Standard Oil of New Jersey,
preferred, now selling for about SIP,
at which price the yield is 625 Is
there any reason for the omission
other than the fact that the stock car
ries redemption privilege at S115?
A. B. C.
Answer-Stardard Oil of New Jcr-
sey, preferred stock may be considered
high class investment. The long
dividend record of the New Jersey cor
poration would certainly place this
new issue among the seasoned invest
ments.
Question:-I have been advised to
invest some money in Utah Securities
stock. Will you kindly let me know if
you consider it a good investment
Also, what type of business it is en-
gagged in, whether it has ever paid a
DIVIDEND what the financial strength
is and whether there is any indication
that it will pay dividend soon. j. j.
Answer:-Utah Securities Corrs,ra-
ton is holding company, incmpo-
rated in 1912 in Virginia, with per-
petual charter. It's powers are broad.
II may construct plants for the manu-
IL.
etc, Of electricity. was. water and
steam, or of power produced thereby.
and do a general contracting business,
and subscribe to, purchase, sell, pledge,
etc, stocks, bonds or other securities of
any corporation, domestic or foreign.
Controls Utah Power and Light Com
pany, which company furnishes light
and power in more than l25 commune
ties in Utah and Idaho, incl nding Salt
Lake City and Ogden. Street railway
property in Salt Lake City 'c; operated
by latter company. This read has 145
miles of track. There is outstanding
S30,775,100 capital stock, and indicated
earnings upon it for the year 1918 were
0.s2 per cent. As operating income for
the first eight months of fI,is year was
less than for same period last year, VIC
do not see much chance for dividend.
No dividends have ever Been paid.
Dividcn ds