New-York tribune., 1921-02-27
Retiring Young, to Invest s35,ooo

Question: am q man thirty-seVen years
ola aud am compelled to retire from busi-
ness have capital Of $4,000, which
I would like to invest in something that Is
absolutely safe and brings a good yield; a. as
I have family TO support. I would Hike
to ask your kind advice, as I myself DON'T
know anything concerning stocks or bonds.
broker advising TO buy the following:
Standard Oil Company Of California ten
year Z per cent gold debenture, Standard
gold debenture eouthwestsrn Bell Tele-
phone Company fve-year per cent con-
yert;ble gold note. Aluminium Company OF
Pennsylvania- Ohio Power and Light Com
pany ten-year per cent bond secured
Company's : Per cent twelve-yeAr ninhins
fund goid notes. Southwestern Power and
Light Company snjS yeyssr sss Per cent nona
Utilities Company ten-year per cent Sc
cured gold notes. Diamond Match Company
comsany nnd soq os
cent secured gold notes Middle West
Utnities Company twenty-yesr 8 per cent
Power and Light Company first ana refund
ing mortgage twenty-year per cent gold
bonds. Series A; Rector Street Corpora
lehem Steel marine equipment trust GER
tifcates is, 1895; National Leather Com
es5se fs re- S. 1852 untsa States CO. Hss nss
1850: Lissett : Myers Tobacco company
Corporation sinking fund 5s 1863; vir-
ginia- Carolina Chemical Company sinking
fnne debsntuFs at 1Ms 1872
1891; Chicago, Milwaukee & st. Paul Rail-
road Company debenture 49, 1895; Chesa-
peake IL Ohio Railroad Company general
and refundlng and improvement IS. 1923;
Chicago. Milwaukee & st. Paul 4tss, 1904;
Cleveland. Cincinnati. Chicago & St. Louis
am sorry that ! made 1t so lengthy, but
would you be kind enough to give mo tho
different ratings on them? Also. aro they
marketable and would you be good enough
to make your own suggestions?-M. P.
Answer--In general you have been
we'll advised, your list shows diversity
and the inclusion Of the 2 Rector Street
IS is good. You have a good many
public utilities, and strict conservatism
might lead to your buying only four
instead of seven of this class. The
Southwestern Bell Is the best OF the
public utilities you mention. The rail-
road securities you name are an excep-
tion to the general soundness of your
list. In the present uncertainty con-
corning the railroads we would not a&-
wise taking on except as a speculation
any Of the securities Of the Chicago,
Milwaukee & St. Paul. The Chesapeake
q Ohio has shown good earnings, but
its securities are not as high class an
investment as are thkose of its COM
petitor, the Norfolk & Western. For
security Norfolk g. Western first con-
solidated a per cent bonds due 1895,
selling around 73, which gives you 544
per cent current interest on your
money, stand very high. Norfolk &
Western convertible IS due 1929,
though without the same mortgage
protection, are sound investments and
yield if held to maturity 5.79 per cent
Your choice Of Cleveland, Chicago,
Cincinnati St. Louis refunding bonds
is sound. You have no foreign govern
ment bonds. Both the Belgian exter-
nal 73s per cent bonds due 1945 and
tho Swiss sinking fund IS due 1910
yield high return and are sound in
vestments, we believe. You will find
price quotations of all your bonds in
The Tribune's bond quotation lists.