New-York tribune., 1921-01-08
Nearly All In, Wants to Speculate

ouestion-Will you kindly give some In
.1tfm'stion or nay on the following bonds. even
,n"ush IL requires a little extra effort as
the writer Is an old man nearly all Ia ?
Don care for my principal and am will
my my TO Walt some years for interest on the
,itp princlpa4 II there is prospect for the
interest being paid, say. inside of four
years CI think can go'that much longer).
When We're the Hamburg German ~ per
cent bonds issued and by whom and in
wnat amount, how long to run, what Sc
eurity Of the city is behind themz Are
Ihcy packed by dock dues or shipping
pld the present government Issue them
ana are the people behind the present
ssoVernnent The reason like them is
and collectively. have the reputation- and
IN 1act. are the most honest and consc!en-
tious people in the world. am sure they
viii honor their bond obligat!pn IL tners
IS ary possible way in the world to do 80
| a.2 Wiling TO take long chance. Who
d San Francisco Railroad per cent ad
Jns,ment bonds, also their per cent in
GONE bonds. Tell me something about
lnternattonal Mercantile Marine per
cent I,,t oondA and what Is the Famous
ttayers listed for the Stock Exchange
ntaylng t per cent and selling around CO ?
by replying favorably you Will help a
man ma who has been working and skim pin 3
Ior ,or years to get an old age stake" and
nave ii.-E. s
Answer-The CITY of Hamburg. Ger
many, AZ per cent bonds were :ssued
IN 1919 by the C..y of Hamburg, for
general needs Il the city, to the
amount of 100 CG0, 900 marks. After
1921 2 per cent of the principal is re-
payable each year. by purchase or
CRAVINGS Presumably the majority of
the German people are behind the
present government. We do not pre-
i iin cf 4,
many has hard row to hoe Whether
IT viii be necessary to scale down her
oebt and her currency. only time will
tell. We regAtd tEe purchase of her
ponds as pure gamble at present
II you have been working and skimp-
ing for years to get an old age stake
and have it, we funk you have chosen
roor securities u should be apparent
to You that stocks and bonds returning
such high yields are not safe invest
ments st. Louis & San Francisco ad-
lustment per cent bonds are a fair
speculative investment. The road has
large 2moune g prior liens. and the
interest on this issue is payable only
l. earned, bat Is cumulative. The in
come = per cent rnnds are more specu-
Iatlve. They follow the adjustment is.
sue. Interest is payable after the ad.
Justment 8 per cent and is not cumu.
lative. The Marinc per cent are a
very fair investment. in our opinion
The company has shown good earnings
Tor some time past and the bonds are
well secured. Ia nous players, a mov-
ihg picture company, has done rather
we'll, but the business is an uncertain
one. Large amounts are spent on the
production of pictures, and the failure
Of one picture night easily cause a
very large loss. ne public is tickle
There are no good bonds selling at &C
and paying s Hrl cent. You should
we think, rearrange your ideas if you
wish to keep what you have saved
Your tendency IS too speculative. 1t
may cause you . 'ot of trouble Ger
man bonds are oealt in by brokers in
New York, manv Of whom advertise
in The Tribune.