New-York tribune., 1919-11-16
For One Who Watches

These ten preferred stocks are
chosen for investment for one who
keeps in touch with affairs. All the
companies have excellent dividened
records extending over long periods.
The earning power in normal times is.
as rule, ample to leave q substantial
amount for the junior issue. The nver-
age yield is 6.2A5 per cent. In the
cases Of the four railroad preferred
stocks mentioned it is realized that
under present conditions the preferred
dividend is not actually earned, but is
amply covered by government guar
antees.
l. Reading Company LIST preferred.
Dividends So per annum. Price about
IS, yielding $50 per cent. Dividends
OF 81 per nnnum paid since 1900 (ex-
ceptlng 1902. $500. In 1917 $l4 was
earned on the issde, and for the past
ten years the earnings have ranged
from $3.50 to S19 share.
2. Norfolk & Western Railway pre-
ferred. Dividends 81 per annum.
Price about 20, yielding $50 per cent.
Dividends of 81 per annum paid since
1899. In 1918 $69.S0 was earned on
the preferred issue, and the range of
earnings for ten years has been from
$32.70 to S94S0 share.
3. Union Pacific Railroad preferred.
Dividends 81 per annum. Price about
GO, yielding $50 per cent Dividends
Of $4 per annum paid since 1900. In
1915 S45.G3 was earned on this stock,
and the range of earnings for ten
years has been from $28.42 to $45.71
a share.
d Atchison. Topeka & Santa re
Raj twill
annum Price about 1914, yielding
6.25 per cent. Dividends of SIS per
amman paid since 1900 In 1917 $30.16
was earned on this issue, and since
1909 the range of earnings has been
from Sl7,22 to S3l5S share
S. American Sugar Refining Com
pany preferred. Dividends 81 per
annum. Price about 1T, yielding 6
per cent. Dividends of 81 per annum
paid since 1S91 In 1918 $2l44 was
earned, and for the last ten years the
range of earnings has been from $500
to $27 90 a share.
pany preferred. Dividends 81 per
annum. Price about llG, yielding Cos
per cent. Dividends Of 81 per annum
sirce 1929. In 1919 s39.2A was earned
and the range since 1910 has been
from S7.76 to S3924 a share.
7. United States Steel Corporation
preferred. Dividends ST per annum.
Price about ia, yielding 6l5 per cent.
Dividends of 81 share since organiza-
tion tlY0l). In 1918 $5S.l7 share
was earned, and for the past ten years
the range of earnings has been from
S6.52 to S75.37 a share.
s. Central Leather Company pre-
ferred. Dividends ST per annum.
Price about 10S, yielding $50 per cent.
Dividends of ST per annum since or
ganiz ation 1905). In 1918 S1945 a
share was earned on this issue, and for
the last ten years the earnings have
ranged from 80 cents to SA652 share.
Q. Virginia. Carolina Chemical pre-
ferred. Dividends SS per annum.
Price about lis, yielding 7 per cent.
Dividends of s. per annum since or
g.ni2ation tlSH6) In 1919 S32.24 wa
earned on the preferred, and the range
~ es'1 ircs for 'on years has been
from 1878 to $4l90 q share.
10. United States Rubber 1st pre-
ferred. Dividends So per annum.
Price about ll5, yielding z per cent.
Dividends Of SO per annum have been
paid since 1896 Except in 1897. S6;
1901, 81, 1923, nothing; 1904, $3.50;
1908, $3.50. IL 1918 $26 ia was
earned on the preferred, and the range
of earnings for ten years has been
from $lO.S6 to S26.04 q share.