New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-10-02
industrials and Pub. It'll. for $4,000

Ste 900 in so-called seasoned bonds with
s.nte'Y or security - the first consdera-
ioN but with current income Yield on
the Investment CT to per cent DO not
v"T9 Tor foreign security, and think have
.asSsSed in ruuis all that IL consistent with
M, situation. Whl YOU Kindly suggest.
3;lp. teo TO twelve different securities you
ehiTlN would meet nag situation? Nin de-
S4rors OF Investments beng diVnrsite,:
NiN l0clos.ng u list OF he principal ones /
now nave, Some of which | was Influenced
~ buying D. the tealiNg OF Your invest
rfeut column, Most oe these securities
we're purchased l.aC@ the early part oc tie
year. and VIII be gsa1 Il you care 70 pass
on same 20 the extent OF advising whnther
should sell any at same and IL So in
what YOU would suggest investing rhe
proceeds Southern Pacinc first refund
ing *, due 1855 Illinois Central afrcsn-
year 90 per cent. due 1886. National Tube
nrat = per cent, duo 1852: Bell TelephonC
% 2ennsyivania first 7efundins per cent
1915; American Smelling and Refining
first refunding per cent. 1871, Wabash
Raiiroad Company first 3 per cent due
1859 Mart hyestern Hell Telenhons 6rsf
per cent due l94l; Diamond Match Com
p1nF ~ per cent, due 1888; Chicago &
Northwestern Railroad per cent due
1850; Standard OH Company OF New York
fcbentiire per cent, 1880: Standard OIL
Company of California dehenture 7 per
cent. 1881 Northern Pacific Great Mort H.
srr Chicago, Burlington 81 Quincy col
lateral D = cant due 1895: Delaware. 4
Hudson Railroad Company per cent. due
railroad COMPANY
per cant. due 1928: New York Central
Railroad collateral trust I per cent due
1890; Consolidated Gas Company of New
YORK : per cent; southern Railroad COM
pany hrst per cent, due 1894; standard
OF Company of New Jersey preferred
stock. per cent; United states Steel pre-
rerred per cent. Westinghouse Electric
and Manu-E--t uring Company per cent.
due 1911; Anglo American Oil Company
itu, hve-ycar notes Z Z per cent. due
ls25; Kansas City Terminal guaranteed
*
Central equipment per cent.-AO T. J.
Answer=All Of the bonds that YOU
hold are good investments in our opin-
ion, although the American Smelling
and Refining first IS are affected in
market price by the internal dissension
in the company and by the copper stu
alton. The following list of bonds is
intended to be supplemental to those
that you now hold, Introducing certain
prime pies of investments that are not
fully represented in YOUR list: Kansas
City Southern first 3s, due 1850, recent
Is selling at 81. low coupon rate first
mortgage bonds at heavy discount;
salt Lake City per cent refunding
bonds, due 1941, recently quoted at
prices to yield 5.75 per cent (high
grade, tax free municipal bond):
Niagara Falls Power first IS. due 1882.
-N-'A>AS At-AiS fAO 90 z, N4SAoAAiS ~
per cent a high grade low coupon 4ate
mortgage bond Of hydro electric COM
pany); Liggett & Myers Tobacco deben-
ture IS, due 1874. recently selling at
lVl. yielding Gao per cent (the direct
obligation not secured by a mortgage
Of one Of the strongest tobacco com
Danies, q business with unusual steadi-
ness of earnings); National Starch
de y nture IS, due 1880, recently selling
at s., yielding Ga comparable TO the
tobacco debentures); United Kingdom
Of Great Britain IFS. due 1897, re-
Gently selling at S9l4, yielding $50 per
cent the strongest of the foreign gov
ernments1' Morris & Essex 10 per cent
stock, guaranteed by the Delaware.
Lackawanna & Western, in $50 shares,
selling in the neighborhood Of ca;
Bush Terminal Building first 5s. due
1860, recently selling at rs. yielding
6.61 current interest, mortgage on
warehouses, lofts, buildings and ter
minal factory buildings IN Brooklyn and
New York