New-York tribune., 1920-01-13
Emerson Birmingham Company

Quesuon-i own some shares of common
stocS S4,as. IN the Emerson Brantingham Company
Tractor and fai m machinery) Last Jcly
TINS stock sold al S43 a share while now 4
is at $27 to s29, yet special writer's in
spout all of the financial papers state that
farmers have ample cash and because MANY
! OF their sons remained in the cities and
took employment after rehabilitation. are
euylng great deal Of machinery. Any in
formation you can give me as to the position
and prospects of their stock will he appre-
Grated. Do you know of any way by which
newcomer to the city can get checks
cashedf ! have all of my money invested
do not have enough hand to make nm
account profitable to a bank but I am re-
ceiying several quarterly dividend checks,
and as | am not acquainted in the city ii is
hard to get them cashed.-K. j. B.
Answer-The Emerson Birmingham
Company makes public its income ac-
count but once year. For 1918 it
showed 1.85 per cent earned on the
common stock. Since then it has been
unofficially stated that the output Of
the company for 1919 was between s14.-
100000 and $4,000 0O0 There are %
per cent unpaid accumulated dividends
on the preferred stock The common
is mere speculation at present The
only way for strangers to have checks
cashed Is to be properly identified.
Diversification
Question i considering investing
about $500 in n good security paving at
least 8 per cent or better Would you rec
ommend bonds preferred stocks I have
from $4,000 to $4,000 invested in Liberty
Bonds and Strans first mortgages, which Of
course perfectly safe but I don't like
to put all the eggs in one or two baskets"
l notice Cities Service preferred advertises
a yield of per cent. Is this a good in
vestment "A. Il. T.
Answer-You might diversity your
| investment by purchasing bonds ana
preferred stocks. Among the following
securities you may find some that would
appeal to you TIE bonds yield from
to 6.35 per cent, the stocks from 6 to 7
per cent: N. Y. Dock, first d per cent.
1851; NJ Y. Gas. Electric Light, Heat
ing and Power, per cent; Chesapeake
d Ohio. general AZ per cent; Illinois
Steel, ~ per cent; Virginia Iron, Coal
and Coke, first per cent; American
Sugar Refining prefe rred, U. S. Steel
preferred, Central Leather preferred
and Z. s. Rubber preferred.
A Reasonable Charge
Question: have account with three
brokers. One of them charged me carrying
charges of per cent in November and De-
cember on margin balance. Is that proper ?
M. B. s.
Answer-Your broker probably paid
high prices for his money during No
vember and December, and it is doubt
full if he made much by charging YOU
a carrying charge of per cent on your
debit balance during those months
Consolidated Gas Bonds
Question-Would you kindly let me have
your opinion of the issue of per cent
Consolidated Gas Company bonds, due 1925 ?
The issue ia for S25 900 900, secured by $35-
00C 600 of the New York Edison Company
stock. In addition to the above collateral Is |
the company back of these bonds in the
same sense rs though a note had been given
H. F. +.
Answer-The new Consolidated Gas
Company 7 per cent bonds due 1925 are
apparently we'll secured Just what |
the value Of the collateral is we cannot |
state, because the New York Edison |
does not make public it's earnings. 1t |
is generally unde rstood, however, that
this company is q source of consider /
able income to the Consolidated Gas |
Company. The new bonds have a con-
vertible feature which may prove to be |
of value. The yield of 7 per cent ap-
pears to be consistent with similar in |
vestments and the bonds are entitled to
good rating. The bonds are direct