New-York tribune., 1920-12-12
Packing.
Westchester Bonds Are Guaranteed

WeStcneSter BONDS Are Guaranteed
Queston-Kindly let me know the
standing OF the ~ per cent bonds of the
selling at ~. When are they due? What
information have you regarding West
CHESTER Lighting Company bonds Miss
Y. r. s.
Answer--The New York, Westches-
ter & Boston ~ per cent bonds are
due July l, 1946. The road was built
was acquired by the New York, New
Haven & Hartford. which company
guarantees the principal and interest.
The road never has actually earned
this interest. Indeed, on several oc-
casions operating expenses have not
been earned. But the New Haven has
promptly paid the interest when due.
Therefore, the road Is dependent upon
another road. We do not believe the
purchase of such a bond to be wise
from an investment standpoint. The
Westminster Lighting Company first
mortgages, s per cent bonds, due 1854,
are entitled to good rating. They
are guaranteed by the Consolidated
Gas Company. Earnings have been
ample to care for all charges. The
New York and Westchester Lighting 4
per cent bonds are due 2004. They are
subject to the above, but also are
guaranteed by the Consolidated Gas
Company. They are not, Of course, en-
titled to as good rating as the West
chester Lighting S per cent bonds, but
we regard them as safe. The New
York and Westchester Lighting de-
benture per cent bonds are due 1864.
They are not secured by mortgage, but
are guaranteed like the other issues
| and are subject to them. This issue
is entitled to q fair rating
Woman Wants 8 P. c. for Short Term
Question: desire to invest $1,000 in
sound preferred stocks and short term Sc
cured notes yielding about per cent.
Am considering placing 81 900 in preferred
stocks such as United States Rubber Com
pany. Bethlehem Steel per cent. Vir-
gnia Carolina Chemical Company and
Telephone and Telegraph Company. and
would ask you to recommend a list of
short term notes yielding about per cent.
81 900 to mature about 1929. $1,000 about
1925. $1,000 about 1897 and $1,000 about
1929. With reference to the notes, please
state The the denominations obtainable. mar.
occurring them: Am widow and am do
pendent largely on the income from this
s6. 0oo.-Mrs. A. e. p. A.
Answer-If you are largely depend
ent upon the income from these invest
ments, do not attempt to J,tnin toe
high an interest rate, for your princi-
pal, after all, is of the most impor.
! tance. However, the stocks you men.
tion are entitled to good ratings. in
our opinion. The following notes, in
denominations Of $1,000, are entitled
to good ratings. All enjoy good mar
kets, but, like most note issues, are not
secured by collateral: Bethlehem Steel
7 per cent, July is, 1928 yield 81s pei
cent; Sears Roebuck & Co. per cent
October 1b, 1928. yield $50 per cent;
National Leather, 8 per cent, Novembe,
10, 1925, yield per cent; Anglo
American Oil 71a per cent, April
1925, yield 71s per cent Aluminium
Company Of America per cent, No.
vember l., 1925. yield IT'S per cent:
Solvay Co. per cent. October. 1927
yield 8 per cent; Armour & Co. 7 De,
cent, July Is. $780, yield 7.60 per cent;
Galena Signal Oil per cent, April
1880, yield 7.90 per cent, and H. J
Heinz Company I per cont, Decembe,
/. 1880, yield ~ per cent