The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1921-08-21
Has $500 to Invest.

Has Vow 10 lnEest.
j. L., Irving street, have $4,000
to invest, and want to ask that you
advise some good stocks and bonds
which will pay the highest dividends
with safety.
Answer-You state that you have
$4,000 to invest in stocks or bonds
which will pay the highest rate Of
dividends or interest with safety.
The only trouble in answering your
letter is the fact that the market Is
so unusually supplied with high grade
investment securities, selling at bar
gain prices, that 1t is difficult to know
which to select first
However, in contemplating this In
vestment for you we are inclined to
think that we should confine IL en-
tirely to bonds and leave the stocks
alone, as high-grade bonds are safer
than any high-grade stocks.
We believe that Pennsylvania rail-
road 6h's, Illinois Central 6h's,
Northern Pacific Great Northern SIS,
Chicago and Northwestern 61s's, all
due 1886, are about the highest type
of high.yield listed bonds, and we sug-
gest that you buy one each in the de-
nomination OF $1,000 each. 1nveV the
remaining $500 in a $500 French Re-
public az per cent bond OF 194l.
he NEW lot oNoNh iSANh"heS
houses here are in a position to get
these bonds for you.
Pa, Great Northern, and Sou. Pac.
j. L., Riverdale, Md.-Will you
kindly advise me II you think the
following stocks are good invest
ments: Pennsylvania railroad,
bought at IS; Great Northern, at 70.
and Soufheru Pacific at 79?
Answer-We believe that Great
Northern preferred and Southern Pa.
cific are good purchases to hold.
Pennsylvania does not yield enough.
AtchisOn would be better. So much
for bare statement.
In attempting to advise our readers
concerningstheir investment problems
we always are nonplussed when a
reader does not give us any informa-
ton concerning his investment re-
quirements.
What is one mans meat is another
mans poison. To a limited extent
this might be made to serve as an
aphorism in regard to investment Sc
curities.
II YOU have an abundance Of idle
capital we should say that a limited
purchase of Great Northern and
Southern Pacific might be quite ad-
visable, but IL the extent of your in
vestment possibilities is limited 1t
may be wrong to put the money into
speculative stocks, such as these.
Atchison is infinitely less speculative.
For a business mans investment
we believe that Great Northern,
Southern Pacific, and Atchison are
excellent purchases.
Pennsylvania is selling out Of line
with the other rails. 1t. In too high.
Business Man Invested Well.
l.. G.-I should appreciate your
opinion OF the following bonds
which ! have purchased in the
last two years: $4,000 each New
York Central rs, 1880; French
Republic SIS, 1915; Bethlehem Steel
equipment trust rs, 1923; Cana
dian Pacific equipment trust SIS,
1923; United States Rubber Tvs.
1880; Bethlehem Steel marine rs,
1895; Gulf OIL rs, 1888; II: J.; Heinz
rs, 1880: Northwestern Bell Tele-
phon. rs, lylI; r.. I. du Point dc
Nemours MS. 1921; French Re-
public 7h's, 1871; 1000 BELL Tele-
phone 81 Pennsylvania rs, 1945,
and $4,000 United Kingdom Of
Great Britain and Ireland bh's,
1929.
These bonds were purchased at
prices from ~ to 100. am a
business man, as you will see from
my letterhead, and these bonds
were bought for the purpose of
having a capital reserve for emer-
yency. Do you advise any changer
Answer-We have no criticism to
offer concerning your list of bonds.
Every issue is a good one, In our
opinion.