New-York tribune., 1921-05-01
Retiring. Submits List for Revision

Question: am about to retire from
business and seek your advice regarding
the securities l now hold. and adding to
suggest. Tho list inclosed are the securi,, !
have some good paying property as well
as, mortgages that l feel are Il safe and
sound investmen,. put I will soon have
$4,000 to invest and thereafter $4,000
every six months for the next seven years.
1 will thank you to strengthen the in
closed fist and to assist me with my future
Investments: $1,000 General Motors per
cent debenture stock; $4,000 Great Britain
& Ireland bA per cent gold bonds. due
1897 $1,000 o,a c9nsumsr Power compsny
Baltimore & Ohio gold bond per cent,
due 1929; $1,000 Rock Island, Arkansas &
1884; $1,000 Illinois Steel gold bond Az
general consolidated mortgage gold bond,
s per cent due 1892; $1,000 Consolidated
Gas convertible gold bond per cent, due
seaps Gy Raspuek of d per cent
$1,000 Westinghouse Electric per cent,
$1,000 5a chieag9' milwaukee, & St. Paul gen,
United states Rubber first and refunding
mortgage per cent, due 1947: 81, 900 Corn
Products sinking fund gold bonds per
Aransas Pass first mortgage gold bond
per cent. due 1884: $1,000 New York Cen
cent due 1886 81. ooo ''i southern pno pacac pec
frst refunding mortgage per cent. due
1855; $1,000 Chicago, Rock Island G. Pacific
due 1888; $1,000 Pennsylvania secured gold
bond per cent, due 1890; 81, 900 American
smelling and Refining Company first mort
Chesapeake & Ohio consolidated roln
bonds per cent, due 1876: 1000 Atchison.
topeka & Santa Fe adjustment bonds
per cent, due 1895; $1,000 American Tele-
phone and Telegraph consolidated gold
99nas PONG I,sr per cent due 1928; $1,000 New
ir,,N
mortgage bonds. due 201S: $1,000 Belgian
per cent bond. $1,000 Denmark per
$1,000 Northwestern Bell Telephone nor
cent bond.-T. r. PN'
Answer--You have we'll diversified
list, containing number of bonds. such
as the Westinghouse Electrics. New
York Central debenture 6s and North
western Bell Telephone, which we fre-
quently recommend in these columns.
The General Motors per cent deben-
ture stock, while it may be an attrac-
tive buy, is in our opinion semi
speculative and hardly seems to fit in
with the rest of your list. If you
think that the railroad situation is
going to improve and be Strengthened
out within the next year or SO, it is
proper to hold your Baltimore & Ohio
bonds, due 1929, and your Chesapeake
& Ohio bonds, due 1946. If you are
OI Lne opinion tnaC the railroads still
have a period of readjustment to go
through, which may get considerable
number of them into financial diff
culties you would do we'll to sell these
two bonds at present prices. New York
Central, Lehigh Valley and Southern
Pacific are such strong companies that
we think that you can, with reasonable
safety, continue to hold their securi-
ties. The Chicago, Rock Island &
| Pacific is in the class with the Chesa-
peake & Ohio. We think that some
power bonds and some high grade pre-
| ferred stocks would strengthen your
| list. Of the power bonds we consider
Montana Power first and refunding 5s,
due 1s4a: Northern States Power first
| 5s, due 1941, and Great Falls Power
| first 5s, due 1910, and Carolina Power
and Light Company first SIS 1888, as
well secured and good investments.
OF the preferred stocks American Car
and Foundry z per cent, Baldwin Loco
! motive z per cent, Standard Oil of
New Jersey z per cent and Corn Prod
ucts per cent are among those that
we consider good at present prices.