New-York tribune., 1921-12-11
An Cpnortun;tv

Cesst!or-Thank you very much for
yoir essinien and advice given recently In
AS you suggest. l shall hold them both
for tho present. have been In business
but am hoping to retire sometimes, my
health Is not extremely good and am in
tercsted in arranging my capital to the
best advantage / have to do this myself
and will greatly appreciate any change you
may suggest. / widow with two
children. l am over fifty years old. and
not at present in need Of ready money.
Would consider safety first and interest
preferred. have $4,000 invested IL. guar
anteed certificates of the Lawyers Mort
ssry Loan FIRST 0Sn MSesty
seoond Liberty. S3,5o0 Third Liberty. $4,000
Fourth Liberty, $4,000 American Tele
duo 1925: $1,000 Utah Power & Light 5
per cent bond at ss. due 1914; $4,000 JEFF
sstson & Plag per cent bond at 100, due
lai7 "a county bont); $4,000 French Re-
$1,000 Kansas City Terminal per cent at
rs. due 1860; $4,000 Rochester Railway &
Rochester Gas & Electric Company per
cent at 81. due 1916; $4,000 Adirondack
Power & Light per cent at S4ia. due
per cent at loos4, due 1910; $4,000 In
ternational Railway of Buffalo 5 per cent
at 9s. due 1862; $4,000 Conemaugh Power
Ottawa Power 6 Light per cent at 100.
due 1870; $1,000 Detroit Edison per cent
a. $50 due 1910; $1,000 Republic of Chile
per cent at a6ss. due 1916; S2.500 Du-
cuesne Light Company IN per cent at
sS y. due 1886: $4,000 PENNSYLVANIA Power
& Light Company per cent at ~. due
per cent at rs, due 1886, and 81. 900 Puget
Sound Power & Light Z Il per cent at 81 IA i.
due l94l. l have about $4,000 in savings
banks and own our home. worth about
$4,000. on which is mortgage of $4,000 in
savings and loan association. on which
pay. $40 per month get at least one
and consequently save a little each year at
present. but cannot do this IL l have to
give up business, I have three mortgages
tnot guaranteed). one $500. one $4,000
and one $4,000 whicn I have held for
years on the same properties, a
house we built and sold In Brooklyn one
IN the Bronx and one in Red Bank N. J.
These. OF course. are only paying and 6
per cent have been about nine years in
time have Inherited $50, $4,000 ooo. With viii Witch W A
have made the Investments but there is
no more to come so 1 want to do my best
with the funds now at hand Harris
Forbes are my brokers, but l think it
wiser not to be guided solely by one firm
aor one person. Do you think l have any
ot IL So what would you buy to replace
them? Would You hold the American
Telephone &. Teleg ;aph, bonds. due 1925.
to maturity? I sold this summer s2500
of Victory bonds Shall l hold the re-
naming one TO maturity? Do you think
It would be wise to take 81 coo out of saw
cause of the present low prices and good
rates of Interest? If SO, what would you
prefer Mrs. II. B. w.
Answer-You have remarkably safe.
sound list of investments. AS regards
the American Telephone and Tele-
graph convertibles, due in 1925, it
seems to US that you have an unusual
opportunity to increase both the factor
of safety and income by disposing of
these bonds and purchasing with the
proceeds either Northwestern Bell
Telephone Is, 1941, or Bell of Pennsyl-
v,ania Is, due in the same year. Both
these bonds are secured by first mort
cages. and either would give you an
additional income of $50 year. Due
to the recent increase in the price of
American Telephone & Telegraph stock
stock the convertibles of 1925 are now
selling slightly above the two issues we
have named. We also think that you
might take $1,000 out of your savings
fund and buy q State of Queensland Z
per cent bond, due in 1941, recently
selling at about l07.