New-York tribune., 1920-01-10
List Should Be Diversified

Queston-M j. H. is an unmarried wom-
an, so years of age. Owns the house she
lives in and has a funded income of about
Co.'S I'VE Recommend for Investment
lists. chiefly utilities, and few rail-
roads Only $l,VVv of kind FOR her
am now to invest $4,000 insurance money
She is willing to increase her principal some-
what by buying under-par bonds but wants
safety most of all. The following list is
of your kindness in pointing out the weak
points. One thousand each of Atlantic
Coastline consolidated As; Atchison general
-; L..fago, liurs.n.son & Duin y Geaei.i
As; Chicago Rock Island & Pacific general
4s: delaware q Hudson refunding Is; IL
linois Central refunding As; Louisville &
Nashville unifying As; Oregon Short Line
corsol 5s: Rending general As: Southern
onsolidated 5s, and U. S. Rubber 5s.-
G. Ii. II.
Answer-All the securities you men
tion are good investments. But why,
out of thirteen bonds, do you choose
twelve railroads? Why not more d-
versifed list? Any of the railroad
bonds you mention and perhaps some
of the following would make a good
list, in our opinion: Indiana Steel 1st
per cent, New York Dock lat per
cent, Armour Az per cent, General
Electric per cent, Central Leather S
per cent, Republic Steel per cent and
U. S. Steel sinking fund per cent.
Not Well Known Stock
Questicr-Wil yor b." oond enough % re-
port on the stock of the Crescent Refining
Company Oh NeWkrk, Okla. l nave l.> enly
shares of the stock, bought at $50 per share
and anxious to know whether I may
expect any return on my Investment. l un-
derstand this stock has been taken over by
soma other Gil cOmpany.--I M. r.
Answer-Persistent efforts to ascer-
tain something regarding Crescent Re-
fining Company have been unavailing in
securing any information. We under
stand by your letter that your shares
cost you $50 each. 1t seems strange
that a company whose stock sells at
such high figure should be unknown
here. Will you give us more informa-
tion regarding when and where you
made your purchase?
An Unpleasant Feeling
Question--Wil you kindly advise me how
to proceed in the following matter: Having
about ST. 500 to invest | bought so share.
of Transcontinental Oil at 57is on q g
point margin, hoping the shares would gt
upward as many papers predicted. As tn
shares are selling at about Se,. and having
no more cash e,ides Liberty bonds of al
issues to the amour amount Of $1,000. shall
or sell out and take the loss? Being a fam
lily man and working and saving hard al
my years / feel very unpleasant to par
with large part of my hard-earned saw
ings. also hold on margin to the exten
Of 80 per cent Of the following: share
OF WHY'S Overland common. at %; s share
of Pcre Marquette common, at 3o 2 share
Of White Motors common. at so; share
Of International Paper common, at 49,
shares Allis Chalmers common, at 46; alst
ono bond Of ST. Louis & San Francisco ir
come E per cent, at 421a. Are they SAT
to hold or shall take profit in any Q
Answer-For family man it woul
seem you have taken altogether to
ings in buying stocks Of such specu
lative character. If you feel uncom
Portable now you would, Of course, fet
more SO if the money you now hay
invested. in Liberty bonds should b
added to your present losses. Expe
rience comes high, but perhaps yo
might be getting off cheaply if yo
were to cash in for what you can ge
At least, you would be buying create
peace of mind which, together with
larger investment in Liberty bond
ought to prove desirable family asse
Kansas City Railways
Question: am informed that the coupe
due January |, 1920, on Kansas City Ra
ways Company bonds has been passed, Ga
you give me any information regarding Il
, matter HI. N. E.
Answer-Thv Kansas City Railway
Company Is in bad shape. 1t did nj
Loro sufficient funds to nav the CO,
pons January /. The hope Is ente
tained that in two years the affnirs
the company may be Strengthened ou
but it looks like q rather drastic r.
organization and long wait.
Four jul columns Of in.