New-York tribune., 1921-06-18
Widow Wants Her Bonds Checked

Question: am a widow and for several
years have been studying the investment
advice of my banker and broker / have
purchased the following bonds. / am not
entirely dependent on the income from my
investments at present and / hope &c add
one $500 bond on July TO those I possess.
WIN you kindly suggest one that in your
opinion would help diversity my list and
also keep within safety? | would appre-
ciate your opinion Of each bond or any
suggestions for changing in any way. Upon
the advice of my broker l changed one
$1,000 American Telephone and Telegraph
convertible into stock paying per cent
1t was necessary to add $50 or meet the
difference of the purchase price of the
this move. Would 1t not have been better
to sell my Telephone bond for 101 and
purchase an per cent bond selling for
that price? / must wait two years
for the full benefit from stock dividends
have ten shares American Can American
Car and Foundry, Atchison, Topeka g.
erty bonds; one 81 900 California tSouth-
ernl Edison Company per cent, due 1882
bought in 1915 at 95; one Utah Power and
light idght first moortgage per cent. due Is44.
Railway and Light first and refunding
mortgage per cent. due 1892, bought at
ing and extensive mortgage per cent. due
1915, bought in 1915 at 99s $1,000 Inter
national Railway Company refunding and
improvement S per cent, due 1862, bought
way Company per cent, due 1856, at 81:
$1,000 Southern California Edison general
and refundng per cent. due 1914, bought
at 96; $1,000 Duquesne Light Company
first mortgage per cent, due 1949, bought
at 100; $1,000 Nebraska Power and Lig ght,
Series A, per cent, due 1949. bought at
Power Company, Ltd, Series A, per cent
first mortgage, due 1910, bought at 100 in
1920; $500 Anaconda Copper Mining Com
pany, Series B. per cent. due 1929. bought
at 96h 81, 600 Western Maryland Railway
equipment preferred series, per cent due
1928. bought at o11a $1,000 Riordan Com
per cent, due 1910, bought in 1921 at SO;
81, 900 Fleischmann Company per cent
gold note, due 1880. bought at 1o1h; 500
American Public Service Company first
lien, Series A. per cent. bought at 81;
81 900 United Kingdom OF Great Britain
~ per cent, due 1922; 500 Consumers
due 1880; 500 Northwestern Bell Tele-
phone per cent first mortgage, Series A.
Mrs. C. A. S.
Answer--It might be considered
more conservative to have bought a
strong bond on which the interest
must be paid whether earned or not,
as long as the company remains SOL
vent, rather than the American Tele-
phone and Telegraph Company stock,
but we consider the telephone com
pany stock as good investment.
We do not think that American
Can common is a suitable invest
ment for you and would prefer
American Car and Foundry preferred to
American Car and Foundry common.
The Atchison, Topeka g. Santa Fe pre-
ferred is, in our opinion, good invest
ment. You have rather large proper
tion of public utilities bonds. Of the
bonds you hold we think the United
Kingdom Of Great Britain 51as and the
Northwestern Bell Telephone rs are the
best, with the Western Maryland equip
ment rs, due 1928, a close third, while
we think that the Anaconda Copper rs,
due 1929, are reasonably safe. The
copper industry is at present going
through period of stagnation. We
think that United States Steel pre-
ferred would add diversity to your list
and be a good switch from the copper
bonds. For the $500 which you expect
to have in a short time, we suggest the
new Northern Pacific-Great Northern
61s per cent bonds, due 1886, offered at
price to yield 6B per cent. They
come in $500 denominations. We would
not adise selling any Of the other Sc
curities that you have, but would ad-
wise you, as you get additional money to
invest, to put it into high grade foreign
government securities or<high grade in
dustrial securities, such as the Stand
ard Oil of California per cent bonds
and Illinois Steel As. This will give
your list diversity which it now lacks.