The Washington times., 1921-10-17
Has Sis.sso 10 Invest.

J. J.. -Ninetesnth streot-Wouid
you advise me 20 invest approx
mately S2.lS0 In twenty shares OF
American Telephone 4 Telegraph
per cent stockf have $4,000 I'm.
modiately available and should like
TO invest IL In good securities, and
prefer stocks 80 bonds. do not
care TO take any risk,
Answor-Ws think you would be
reasonably secure against loss and
possibly be assured OF a subsequent
can Telophono q Telegraph stock.
This company has q splendid divi-
dend record extending back without
interruption for thirty.nine years. The
stock yields about 8l-S per cent and
we believe II is good enough for any
mans investment.
Put the balance Of your money into
bonds--SSi 900 each Bell Telephone Of
PennsylvAnla rs, Northwestern Bell
Telephone rs, Chicago Union Station
Sh's. Western Union Telegraph SIS,
Pennsylvania Railroad 61t's. Great
Northern Railway rs, Atchison Gen.
debenture SIS, and Columbia Gas 4
Electric SIS, which will give you good
liberalization. a fair general yield
and quick marketabiiity.
Insurance Out Of Our Line.
p. j., Fifteenth street-Piease
give me what information you pos
sess about InterstAte Business Mems
Accident Association Of Des Moincs,
Iowa.
/ have been advised to take out
one Of their policies. but never
heard of the company.
Answer-This Is out of our line.
We never report on insurance com
panies. ....i ...
Strasburg Wants Information.
o. f., StrasburK, Wa lady of
the bonds OF Uncle Sam OIL Company
and has asked me to find out as 20
the value of said stock.
Your Investors Service, we desire
to assure you, Is appreciated In this
part of the Old Dominion.
AnDwer - We understand that
Uncle sam OIL Company is now in re-
ceivership. The companys bonds and
the company's stock probably are
worthless. This company has been
peddling stock and bonds. mostly
stock. for sixteen years and never
made good any of the promises 1t put
out 10 inc puOllC.
We understand that receivers were
appointed some weeks ago.
T. c., GOrcoran Street.-In adddi.
ton to some bonds which I consid-
er very satisfactory. / hold the
stocks listed below and would like to
have you suggest changes to better
my list.
I have the following preferred
stocks: Pressed Steel Car, Ameri
can Locomotive, Southern Railway.
w. p. 4 A. Railway. u. s. Indus
trial Alcohol, Baldwin locomotive,
American Lnseed, Great Northern,
Bethlehem Steel, 8; L. s. Rubber,
first; American Can, Virginia. Caro-
Packing, Crucible Steel and General
Answer-we have gone carefully
over the list of stocks mentioned by
you as constituting your investment
1hd find that you have some very
good selections and, naturally. some
that are not SO good. But all OF them
are standard issues, and all but one
Of them are listed on the New York
Stock Exchange. The stocks We .lre
sure Of are Pressed Steel Car. Amer
ican Locomotive, Baldwin Locomotive
and Bethlehem Steel Preferred issues.
You need have no doubt concerning
these, we believe.
Industrial Alcohol Preferred and
United States Rubber Preferred and
American Can Preferred would come
In a second classification. But we
do not have any serious doubt con-
cerning these dividends.
American Linseed Preferred divi.
dend Is in serious jeopardy, we are
afraid. and the stock has declined 10
less than half the high of the year. 1t
Is now selling on almost II per cent
basis.
Don't for a minute think that Viz.
ginia- Carolina Chemical is going for
ever to keep the preferred stockhol.
ders from dividends. The old rate will
be restored, in our opinion. The com,
pany's president has recently voiced