New-York tribune., 1920-12-06
Widow Win Turn Over Now vo,,


N0'S''oT-l subscribe to The Twounr
tilor ana from II 7 rava 1e,r,,s :, 80,
,w"Sa have been and how ignorant
in tn an NAV, a widow With no near relative
- st't My Very small fortune to invest nm
AbN,,, "a @'o' aud ravo done IT badly
>u,,.s sIp.N9p have IN goo.l mortgages
nave % sharNs Of Iehich N,i@,, H9,'Ss- - = = :
- 10 Have 100 C-nt',norv-. ~ =, =, oH.'s n
80 80 an Lisht preferr.a cun'.,i.fty,
IN scrip have quito an .l.aosi. ..'' ',i
sS,,'., ~" - shares OF Ray Cyn
,,.,. ~. bought at 80 have ioo RAJ
Ntrei Spring. bought at g. Have
w rSi ia%holse Electric ana Martlfarf,,ri,,.
p,.rn sm -. and l have 90 cerfo Dc
, 'H''. have given you cornplct,
."S possessions. realt1irg if YOU 4 p,
Sow mor,sags ye' for You ba, wa1 g@' Spsw an
-, - about to be paid off and am
..osl Anxi9us 70 invest 1t wisely and profit.
soiS VIII you help me- / shall be r,0st
grateful. OF course with NV snsl, In'
come am very anxious to get sometime
~ a. Wiil pay me good per cent safely
see tAAt You Frequently recommend Cana.
Ian National Railway : per cent fq95
- 2t' oaEno1 hnd them quoted anywhere
90 can eyer know how my investment
is iaring2 Is not This imrortarf2 vn4
see have stayed IN almost evervthine
nave too long Nre Missouri D.rfr-
SsneIal ssl~'.4 - 500 IN iay case What pr,.
s'1i honls I" n'rn pay bette. than ~,
0" i-'N - VI the pnlIman corp.sn ns
-4't'' .ea phone and Telegraph
Answer You have one consolation
Your investments might have been
worse. At any rate, you reai,ze how
important 1t Is to sacrifice high inter
est tor safety of principal We do not
imply that your securities are those of
unsound corporations On the con
trary, all enjoy good credit. But com.
mon shares are almost inyariablv
mgr ~ sensitive to earnings and other
CeVe lopments OF company. Dividends
are by no means stable. as has been
seen by the action Of certain CORPORA
tionS recently. Al the present level of
the STOCK market one hcsitates TO sell
c can readily understand such an
ude. Therefore we will not al
sEmpt TO advise you on this matter.
" nat YOU should do is to look the
matter squarely III the face and deter
NINE II 1t Is not wiser TO place YOUR
funds in sound securities. those issues
Wnicn are so we'll secured as TO nrin-
clpal and interest or dividends that
they are not sensitive to the ever
changing developments within the com
paTy. Good bonds and mortgages and
seasoned preferred stocks are in this
class The Canadian National Rail
ways equipment bonds are traded on
the New York curb. There is also a
very good market in them among firms
making specially of this form Of in
vestment You will find all equipment
bonds quoted each day on a percentages
OF yield basis. You are quite rig t
about desiring to see the quotations
on your investments. Marketa bilitv is
q factor OF lderable Importance.
Missouri Pacific 1 per cent bonds are
not high grade They are q general
mortgage the last) on the entire PROV
eerty. We think you should look for
higher grade Investments. United
States Steel per cent preferred,
Standard Oil Of New Jersey per cent
preferred, American Car and Foundry
I per cent preferred, National Lead :
per cent preferred and National Bis
cunt per cent are seasoned issues.
We think you Will make no mistake in
purchasing them. Pullman and Areri-
can Telephone and Telegraph are f4ir
nvestments for the business man.
They are not preferred stocks. Such
securities as General Electric debe0-
ture per cent, 1910; Canadian North
ern Railway per cent, 1910. and Bell
Telephone Of Pennsylvania ! per cent.
1915. yield from over per cent to al,
most per cent. All are entitled to
good ratings.