New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-09-11
A Balanced List for Widow

A Balanced List for Widow
Question: am a widow with family
OF small children. I have 5000 that
would ike to invest very safely also
In a bank account for any emergency. Any
advice that you will give mo Will be
greatly appreciated.-A- S.
Answer--You are quite right in de-
string to keep some money in the bank
as checking account for emergencies,
although we think that $4,000 instead
of $4,000 would be ample. We would
divide the $4,000 which you have to
invest among the following securities
Union Station Ga per cent, Series C,
due 1868, recently selling at 1041a
bringing you in 1920. We would buy
two bonds, costing $1,000, bringing you
$144 a,year. We would buy two Brook
Ign Edison Is, Series D, recently sell
ing at SO, bringing you $4,000 a year;
two P. Lorillard Is, due 1914, recently
selling at LOT, yielding 655 per cent;
two New York Central collateral Is,
due 1880, recently selling at 1919,
yielding $50 per cent current interest;
swo Northwestern Bell Telephone rs,
due 1941, recently selling at 1924;
two Niagara Falls Power first IS, due
1882, recently selling at 81 IS. yielding
United Kingdom 51a per cent bonds,
due 1887, recently selling at 879s; two
Kingdom of Belgium IS, due 1941, re-
Gently selling at 1o01s, and two King
dom of Belgium tbs, due 1915, re-
Gently selling at 1917 This would
be an investment at present prices of
about $19,650, and it would bring you
$3.50 annually. The coupons on the
bonds are payable in various months
throughout the year, so that your in
come would be fairly we'll distributed.
The two Belgium TVS are callable ST.
100000 each year at 115, so that if
your are lucky your bond may be
called within three or four years. In
TX per cent interest a premium of
$500 on the two bonds. If your bond
should be called the best thing to do
would be to at once buy two more of
the same bonds at the market price.
Uruguay IS
Observation-Disclosures firm that is @
member OF the New York Stock Exchange
and adverrises conservative investments"
l have recently invested tho proceeds of a
twentyyear endowment insurance policy
In $1,000 bonds as follows: One Canadian
R}Ways 1s4s rsq nSsh
one Western Union "a. 1895; one United
Kingdom 5h. 1887; one West Penn Power
first T. 1915; ono Republic of Uruguay g..
1916. am still considering investing the
remaining $1,000 in United States Steel
preferred, Standard OH of New Jersey or
in of the Louisville G. Nashville
Railway bonds soon to be issued-G. N. T..
Answer Your list Of investments
would be strengthened, in our opinion,
by changing the West Penn Power rs,
due 1916, to Northwestern Bell Tele-
phone rs, due 1941, recently selling
around 103, and the Uruguay So to
Northern Pacifc-Great Northern Joint
61as. This would change one public
utility for another which. in our opin-
ion, Is somewhat stronger, and would
give you another excellent railroad
bond In place Of what we believe is
the weakest bond on your list, the Uru-
quay 8. We are inclined to rank the
obligations Of Uruguay below those Of
other leading South American states,
and we do not believe that the credit
OF any of tho countries to the south Of
JUS is as good as that Of the better
European countries. You have only
one railroad bond, however, and that
is Canadian. We suggest that you add
another. We believe that an invest
ment Of $1,000 in United States Steel
preferred, Standard Oil of New Jersey
preferred or in the new Louisville &
Nashville bonds, either distributed or
all in one, would be reasonably secure.