New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-09-11
Large Profits in Cap and Seal

Large Profits in Cap and Seal
- ouestion-Kindly give mo your opinion as
TO TO inc investment qualities Of the United
mon stock at $40 a share Would YOU
advise lnvesting u small amount with the
S. W. ''o'''u@''s
Answer-f you buy United States
Metal Cap and Seal stock at $40 large
returns will go to the man who sells it
TO you. The stock was recently quoted
in New York around So share. Never
buy stock unless you have good rea-
son to believe the price is right.
Keep All Except New Haven
H. question! have read your investment
interest. Any advice you may give me
VIII be greatly appreciated. Am a travel
ing salesman, !t1', ffty-nve years DID, married.
one child, son. with two more years in
college own the following. What
changes would you suggest. first for safety
one shares of New York. New Haven &
Hartford. ten shares of New York Central
lliteen shares Of Bigelow- Hartford Carpet
E1mpnny, common. paying 10 per cent
company, indian Orchard. Mass. common,
paying per cent; thirtytwo shares Of
American Telephone and Telegraph. pay
International preferred $3.50 par), paying
: per cent; $4,000 New York, New Haven
& &, Hartford convertible debenture es. 1888; ;
$1,000 American Telephone and Telegraph
&c, 1925; $4,000 Consolidated Cas- Electric
Lisht end Power. Of Baltimore, per cent
necticut Light and Power IS; 81 900 Liberty
bonds. divided among the various issues ;
$ASUV In per cent mortg ages, we'll secured
by real estate; $4,000 in savings banks !
$500 in bank Checking accounD, 81, 600
Of which l could invest now. I also own
nome worth $4,000 on which there is
on one there Is a mortgage of $1,000 at
~ per cent and rents for from $3.50 to
myself for about two or three months in
summer. save about $4,000 per year
from salary and do not wish to travel
more than five years longer At the end
of that time l wish to have an income
of $4,000 TO $4,000 Would you advise TAX
ing money from savings banks to invest
do you consider the new issue of 8 per
cent preferred stock of Consolidated Gas
Electric Light and Power of Baltimore q
safe investment? I do not wish to sacri-
fee safety of principal for temporary in
comes. l.. X.
Answer.-Like all good New Eng
lahders, you have your share of New
Haven. We advise you to sell your
New Haven stock and the convertible
Die that New Haven may be forced into
receivership. In that case we do
not see how the stockholders could get
out with as much as they could realize
now from a sale. We advise YOU
to retain the remaining stocks. On the
whole, the list is satisfactory, we think.
We recommend that you keep close
watch on the earnings statements Of
those companies and watch for any
Developments that might affect your
holdings. In the remaining bonds
you have good security. We do not
| advise you to make q change. With the
Gas, Electric and Power of Baltimore
next November we suggest that you
puy $1,000 Kingdom of Belgium TVS,
due 1916, callable at 115; and $1,000
Chicago Union Station 61as, due 1868.
We would not hesitate to invest the
$4,000 which you now have in savings
banks in good bonds We suggest
$1,000 General Electric debenture s
per cent, due 1910; $1,000 United
Kingdom 5hs, due 1887; and $1,000
Kansas City Southern first per cent,
due 1850. recently selling around 81.
You could buy these three bonds for
approximately $4,000 at recent prices.
You are getting a fairly good return
from your summer cottage. We suggest
that you take up the mortgage on your
home. with the maturity Of some of
your bonds later on, possibly with your
Liberties. 1t is our opinion that you
would do better to invest in bonds
yielding you from per cent to 8 per
| cent than in preferred stock of Con-
solldated Gas, Electric Light and Power
OF Baltimore, as you are looking for
security above all things.
Seeks Per Cent 2o-Year Bond
Question: have Just $1,000 and would
like to buy $1,000 ! per cent bond. 90
years or so to run. one that / could sell
at any time II should need tbs prin-
ciple.--IA L.
Answer-We would suggest Kinsdo ON
OF Belgium IS, due 1941, readily mar
ketable and recently selling at 10OM
which for a $1,000 8 per cent bond
would cost you s1,0O1.25 and interest.
The "and interest" you receive back
when you cash your first coupon.
Commonwealth Power and Standard
Cuestion-Will you please give mo your
opinion on Commonwealth Power Rail
Way and Light per cent gold bonds due
Company per cent gold bonds7 am
| unable to find where these are listed in
the financial papers, and hold a small
amount OF each would appreciate informa-
ton relative to their market value, etc
w. H. d.
Answer - Commonwealth Power,
Railway and Light secured per cent
notes, duo serially up to June 1, 1924,
were originally offered by Bonbright
& Co., of New York. They are not
actively traded in. Standard Gas and
Electric IS, due 1925, were recently
quoted at SAN bid. 867s asked. The
price indicates, in our opinion, some
doubt as to how the company is to
meet the bonds at maturity. Common
wealth Power, Railway and Light
earned in the twelve months ended
May 81, 1891. '$s,2se, 1893 net, and inter
est charges. Including dividends on
outstanding preferred stocks of sub
ssdiaries, amounted TO 97,281,8
Standard Gas and Electric earned in
the calendar year 1890 38,07s.s12 net
end interest charges amounted to ST.
282.639.