The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1921-09-24

!l",nus sta 'ef!ctAH G.sp .'sE ",,r&r"
n ca .th'-' lspG"S
"Rvs!n"a, TODAY "a d-IEgr g or bot
'u,.. on .rGrN rEUre sta"".nS no" =
= points below norma - mpa'"f "''A
,.n ,c.n;. ;.ho.e fcv rrnn:hs ago. This
,tenrs that we arr IN III" s!:th p"r'"d
Ire business rvc,e. and that period
of .,nHr mon"y and h.Erer bond prices
o. - bend
You have an opportunity here that
yr.., not re ,.auai'"d IN 'hn investment
.,c-I far srycrol ,rarS - come Buy ali
,..c .err r!ue honts you can carry
right Ipw'
'Whcu interest rar"s are .ow BONDS
ora N'rh priced so that thAy yield only
mo current ra;s ct interest. Likewise
whom ,Ntcrcs: rates are high. as nj
troscr. bonds aT" ch"an. 80 that they
Weld high rate O.: A:cres'. "hen IN
,.rcs, rates arc .u~, Rs they "ere
Few Years Ego. one should buy shor'
,i-l.. bonds because II Is not adNlsaU'"
q ':r oia.J money Up E@r Ioh6 time
g. a sn.:. return. To-day. however.
u.rr,. e. c..=. ,,.'as arc high. the Ehr-wn
-, -, .,'p~> go huyiTE az lonE '"rm
:,.n.l - lr"y an possibly Ee'' LOCK
Cc',e:. Morgan. Nei,"E Rnd Inc o'her
rich men q: IA. county G-e rocking
Low. '"rrl investments and buying not
my ho,.ts this ray n hlsn rae ~ IN
.N:eqr tu. bonds hat ID not oecoHc
due Cor ,wcrtl o. ;h.-', ears.
Beware Of valuable Issues
"Rcrcnt'" have been hunting sn"h
cood ,ssu~s for ro,r- Ne:y Car"tr! IN
vestors ana havn been surprised T" ma
TINT mos, @ the rev 1ssurS haNe
"callable" features Many o. thcs" Is
SUES are ra,iab'c u: any time or atter
rye years ~ par or SINAI. premium
Tho bonds have q Sc-ai h'f S!H. seNhn'
"r svan eiEh' per cont @" them ana IN"
doin when duo twenty uT thirty years
h"r-c. &. in Grca' N'r 'yp" TINS g'N"S
m investor % unGrra ami ihh: he WI
&c. the itEh ratio Of interest FOR tWNh'>
~ thirty wars Careful. examination
o. bond. however, shows that n very
smai. typo Is statement thai M toin-
pany. ic !: dAs.res. can redeem n" homo
at par or with 4 smnI premium at any
time or artcr q Few years.
"Invnstars should watch for tines"
caliah,n foa'ur+s when .roy buy honfs
They arc Simply heads | win mis-
You loss" proposition IN favor n. th'
companies II we should get Into an
other var and iatc:es; rates remained
hlgh, or n the Company, shuid have
.ERI n,
vestor for twenty OF thirty years But
n interest rates shGu,l so down as
thev probably VIII. and MA Company 10
rrosperous rs The investor o. cours"
hores Z will hn. then < vii! Simply
cali tho bonds md leave tbs investor 20
take lower rate OF interest for Tho
balance OF the time Thus the big s!H
seven or eight per cent and thu t~en'!
or thirty years does not mean anything
Investors Tho have trouble IN md
!nz nay h!gh rate }ons term ISSUE,
with reasonable and far cR.!ah!e ga
lures should re"'-t - their "iT Ii!cnTS
tho thra- rour THd n"e nsr ""nt hon1S
tina, were PIT ont "'Lrs ago when
none. ra'ns rnrn 'nw. When Conpan!es
could borrow crr th'"". fovr or dvn rer-
cent they made TIVE bonds inst Ms .onE
,arn, rs roRs.hl" arI ;h"y didn't both
er 10 nut IN any { HuScs IN hHe Print
For instance, The North"rn Pacific P
p "a rh-ro Ter cent bonds 30 not he
come doe rnr:i :hc wear GOO. While most
Of tho poCI EAh-rEG bones were pr' crt
frr periods o. Ht;v ""t"s As thoS"
bonds can nov h. hoUyl' 1T n 'l!Sr0GN;
sn rs - well S!N sayHH or r.Cht per
zen. even. they should rot he ,orgNtt"r
A s.tNr $50 bond nj ATTY. which
mcans that :; can II" houEht .or $500
- better investment 'hnn a &C. 5000
bond f., par" (fAU light strictly re-
served