New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-09-20
r,.ld Sell Exceptionally Good List

,..s.,an---A friend of mine whom I raet
- few months ago had $4,000 % in
ssst. These funds s'snsntuse her sole
e. ss- deceased husband. who was q ply
S;sn She invested them according to
Sea- S. sdy;ee, and she told me to-day that
r sssssss lad told her that the list which
.ss~r~rested was a poor one. She was seri-
la ~ thinking she said. OF selling all OF
As.a securities and purchasing Hart OIL
= 10 q share with the proceeds. 1t seems
A., some statesmen had convinced her
"a. .sst ID this way she weuid obtain higher
. .s.st your r. comment. The list which ! /
sss: 81. 900 French sas. is%1. at 9s; 81. 900
seumsrk SIS. 1915. at %; $4,000 United
sgssrdora. 1887. st IS: $1,000 Missouri River
rwer hrst IS, at 7s; $1,000 Missouri
svsr deeentsrs IS. at 81; $1,000 Com
sssssawealth Edison frs. IS. az 81: 1000
s sssi Gas and Electric IS. at 80; 81. 900
.sretnnsts Gas and Electric S. at ss&
jeae California Oregon Power Tiss. at
sfes; 81. Geo Chicago Union Station etis
4 iea; $1,000 Pennsylvania Power and
Light Is, at 90; $1,000 Canadian Northern
- at seIs: $1,000 Illinois Central Gus.
Is;s, at IS; $1,000 Southern Pacific (Ari-
ma pivision) Equipment s,ss, at 80;
si'eso Armour real estate ANS, at 10;
ssI.wa New York Dock as. at $50; 81. 900
saar4h ~ Liberty bonds, at $40: $1,000
c,ntrai Illinois Public Service bs. at. ss
81. geo Standard Oh OF California Is. at 1ei
s.see Morris Plan Bark SIS. 1891. at 100
reae Southern California Edison IS. 1890
X IS: $1,000 United States Steel $. {. SIS
Il "a; ;1.0eo New York Central debanture
& a. ss&; $1,000 Vacuum on Is, al
rex 81. zoe Northwestern Bell Telephone
IS At sa&; 81 geo bethlehem Steel marine
Equipment IS at s2is $1,000 Belgian 71zs
Il ssx: 20 shares Otis Elevator preferred
Il IS; 20 shares New York Transit. at 1877
While this list does not quite account for
~ rrN rfa ra~
al she csres to invest at present The par
value OF the entire list Is sSs. 600 and the
yieId Is about T.25 per cent on the aetna
money Invested. It includes, perhaps. tor
hsys. great faith in their future earnira
power. You Will note that while ths
Standard OIL stock INCLUDED. e.. New
York Iransis-yields about Is per cen.
- points higher, and I added IL hecsnss
o. its small capitalization and because in
list Of this size felt that a little snecu-
lssfss mayor was not particularly harmful
Thank you for an answer to my query Of a
couple Of months ago. which you answered
IN one OF your Sunday editions Iinder ths
aption investing $4,000 Yearly Savings. ;,
Answer-lt would be little short of
tragedy for your friend wholly de-
rndent on her income from invest
nsrts to sell the .list of securities
which she now has and invest in Hart
Oil. We often have. thoroughly good
lists OF Investments submitted to US.
but seldom one that combines as high a
degree Of safety with as good a yield
IS the ore that you have selected for
your friend. There are two classes of
public utilities which we think differ
widely in desirability as a permanent
Investment. One, the public utility
whose chief earning power is derived
from the production and sale of mower
and the other whose chief earning
power lies IN street or interurban
railsay, The power companies. we be-
isys, If they are we'll managed, Missis-
sgr River Power and Pacific Gas and
Electric are among the best of
tbs class, we think. We agree with
yag that the small speculation in
s'lvsd in stock OF the New York Tran
81 Company is justifable in as long
and as we'll diversified a list as YOU
have selected. We can only sincerely
hope that this reply will be an eff
fsstss seconder of your efforts and
WI ave your friend from serious
Mistake.