The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1921-05-15
EXTRAORDINARY PHENOMENA AS FOUND
In EXISTING RATES OF INTEREST TODAY

popular have these securities become
that at present the stock holdings OF
citizens In the service corporation far
exceed the majority interest. and prac.
tically every on of these new investors
Is either customer or employee.
A very noticeable element entering
into this new era Of thrift is the close
attention holders OF bonds give to the
annual yields and comparing them with
safe securities yielding higher rate of
return.
Bonds VS., Preferred Securities
Bonds, compared to preferred securi-
ties. yield less return but have a slight
margin Of safety over the preferred
However, this point Of advantage Is far
offset by the preferred security from
the point of yield per annum and also
from the standpoint or permanent in
vestment. Bonds have maturity date
and the question arises whether or not
at the time of maturity an investment
can be made bearing as high rate of
return with The same safety; while with
the preferred security you have big
margin of safety with good yield and
a permanent investment without worry
ing over the reinvestment date.
The Savers VS.. the Spenders
"A few years hence the spenders OF
today will have nothing to show for
their. extravaganza but worn-out luxp-
what was paid for them, like souvenirs
OF former plenty.
'On the other hand, these now buy
ing good securities will then have in
vestments bringing unusually high in
terest returns and worth substantially
more than was paid for them Further.
more, every dollar of interest or prin-
cipal as it comes in will, under normal
conditions, buy great deal more of
liie's essentials or Injuries than II would
buy today.
very popular plan. today. among
the thrifty, is starting a nest egg for
the children by purchasing some safe
public utility security, paying a fair
rate of return and allowing the dlvi-
dends or interest to accumulate. There
are plans where the dividends or inter-
est can be reinvested and compounded
and will deliver to the holder a school
fund or real start in life for the young.
ster, at time when such q fund of
this kind will be of assistance.
at would be well if all our citizens
could fully appreciate the simple fact
that every dollar properly invested in
local public securities is reflected in in
creased property values. increased busi.
ness, increased prosperity and general
well-being OF their community.
Probably one of the most sought out
Investments today is the public utility
field, as statistics show 100000 indl-
Vldual investors in the electric field
alone-a greater number of investors
than in any other one industry.
Carl D. Jackson, chairman Of the
railroad commission OF Wisconsin, said
recently before the investment bankers
association:
The public also should come to learn
that regulation is an assurance Of sta
bility; that the hazard is perhaps at a
minimum and that the safety OF the
better investment is exceeded only by
that Of government securities. I am op-
tlmistic as TO the future of the utility
industry under regulation. ! believe the
soundness of the utility investments
viii be recognized by the public at O
time when many Of the securities in
which ii has recklessly invested during
the war period have become waste pa
per"