New-York tribune., 1920-11-14
Desires Several Clnsses of Bonds

DeBlreb several NlnSBeS oil BOnuS
Question: am desrous OF purchasing
comparatively low prices. What l want
is ,s,.. Of course, security nrst, WITH
HTn arne aSy rsnf~ w psss'f ycs Give ma
tho names OF six issues in each OF the
following clnsses, all first grade: Rail
roads (irst mortgage other than first
mortgage, but we'll secured and safe; rail
road equipment trusts) Public service or
utility uarst mortgage. other than first
mortgage interest we'll secured and aafe)
ether corporations (nrst mortgage, other
that first mortgagc, and notes); Also a
Ice bonds speculative, but with reasonable
possibilities, Also a few securities of for
eign countries and Canada that are attrac-
tive and reasonably safe: prefer bonds
running several years.--E. NJ. Is.
Answer-Thc following bonds are Sc
cured by first lien on important rail
road mileage and are entitled to high
investment ratings: Atchison, Topeka
g. Santa Fe general 4 per cent 1905,
price about TN; Chicago & Northwest
ern general 4 per cent 1887, price about
"; Chicago, Rock Island g. Pacific gen
eral per cent 1888, price about 73;
Wabash first per cent 1899, price
about 80; Central Pacific refundng 4
per cent 1949, price about 95; Virginian
Railway first per cent 1862, price
about IS. The following are not so
high grade, although we believe them
to be safe: Denver & Rio Grande first
per cent 1886, price about CT Il; At
Gibson per cent 1865, price about SO;
Cleveland, Cincinnati, Chicago & st.
Louis general per cent 1893, price
about II u; St. Louis G. San Francisco
prior lien 4 per cent 1850 price about
e2ha; st. Louis Southwestern second A
per cent 1889, price about 50; Seaboard
Air Line per cent 1850, price about
81. The following are we'll secured
equipment trusts: Southern Pacific 7
per cent, Union Pacific 7 per cent,
Pacific Fruit Express 7per cent, Cana
dian National Railways 7 per cent
Canadian Pacific 6 per cent, Virginian
Railway per cent. The following
entitled to good ratings: Montana
Power first per cent 1913, price about
8419; Northern States Power first 5
per cent 1941, price about 81; West
chester Lighting Co. (New York; first
5 per cent 1850, price about so; Brook
lyn Union Gas first 5 per cent 1945,
price about 80. The following public
utility issues are not secured by first
lien, but are nevertheless entitled to
fair rating: Hudson g. Manhattan
refunding per cent 1857, price about
consolidated AZ per cent 1862, price
about SO; Virginian Railway &. Power
first and refunding per cent 1884,
price about 69 Detroit Edison first
and refunding per cent 1910, price
about 90; Kings County Electric Light
Power purchase money per cent
1897, price about 81; Pacific Gas G.
Electric general per cent 1912, price
about 81. The following are first liens
titled to high ratings: New York Dock
first per cent 1851, price about 6S;
Armour Co. first Az per cent 1889,
price about 78; Indiana Steel first s
per cent 1852, price about 90; Virginia
Iron, Coal & Coke first per cent 1949.
price about 85; Standard Milling first
per cent 1880, price about SO; United
States Rubber first refunding S per
cent 1947, price about 77A. The fol-
international Mercantile Marine per
cent l941, price about 81 Il; American
Writing Paper TO per cent 1899, price
about 79M; Swift e. Co. 7 per cent
notes 1925, price about 97A; Anaconda
Copper 7 per cent notes 1925, price
about 97&; Bethlehem Steel Marine
Equipment per cent 1885, price about
94E. The following issues are not
high grade, but they appear to offer
very 1alr speculative investment pos
sibilities: Long Island Railroad de
benture per cent 1887 price about SO;
Ann Arbor Railroad first per cent
1895, price about 55; Norfolk Southern
Railway first and refunding per cent
1861, price about 59M; Cuba Railroad
first per cent 1852, price about 72;
Public Service Corporation of New
Jersey general 5 per cent 1859, price
about 68; Erie Railroad prior lien Il
per cent 1896, price about So The fol-
lowing foreign government bonds offer
good yields: Argentine government
per cent 1915, price about AZ, payable
in sterling at the fixed rate Of $4s65
to the pound; Dominion of Canada in
ternal 5h per cent 1884, price about
s4h; French Victory Loan per cent
1881, price about S57 per 900 francs;
Kingdom Of Norway external s per cent
1910, price about 1O1 Il, and City of
Zurich external per cent 1916, price