New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-09-11

| that the Chicago Great Western
debt at all
The comparison that "The Wall
Street Journal" writer makes between
property bonded up to 25 per cent
and tho one bonded up to rs per cent
is not necessarily conclusive. A 5 per
cent bond of q road which is showing
earning power sufficient to leave a large
margin over its interest requirements,
and which bond can be bought at be-
low 80, would appear to be an attrac-
tive purchase, with the possibility Of a
profit through increase in market price,
in addition to the attractiveness of the
investment purely as an investment.
Running through the list of bonds
dealt in on the New York Stock Ex-
change, it is not so easy to find long
term s per cent bonds of roads that
have been showing good earning power,
as THE Wall Street Journal" para
graph would suggest. Baltimore &
Ohio refunding and general 5s, due
1895, are selling at Tx, but this is OBJ
viously not the kind of bond the writer
of the paragraph had in mind. Caro-
lima, Clinchfeld & Ohio first SIS, due
1888, recently selling at "a, come I'M
der this heading. Central Railroad and
Banking Company of Georgia collat-
eral IS come under this heading, al
though recently recorded sale was
at SO%. Chicago G. Erie first 5s, due
1882, are selling below so. Chicago,
Indianapolis & Louisville refunding
IS, due 1947. recently sold at 70, al
though they are quoted at 1914 bid,
apd the Chicago, Indianapolis e. Louis
vile first and general mortgage IS, due
1865, recently sold at IS.
Chicago, Terre Hauta G Eastern first
and refunding 5s recently sold at 66,
put there is an clement Of speculation
in their purchase in our opinion. Dallas
G. Waco first IS, due 1910. sold on
June /, 1921, at COZ, but there is de-
| cidedly an element of speculation in
them, we think. Georgia G. Alabama
first consolidated SIS, due 1916, sold
about the middle of August at 76 end
fairly we'll meet the conditions that
you cite. Gulf & Ship Island first and
terminal 5s, due 1852, sold in July at
80, but in our opinion contain an ele-
ment of speculation. Indianapolis
Union Railway General and refunding
SIS, due 1865, sold on June 7 at 70 and
come under your classification. Iowa
Central first 5s sold recently at 691a
put there is an element of speculation
in them, we think.
Kansas City Southern refunding and
Improvement 5s, due 1850. meet your
requirements admirably, we think, as
40 also Long Island debenturc SIS, due
l954, and Long Island edebenture IS, due
IVY. The former sold in May at 70
ana sl the latter on August % at CT.
idated IS, due 1884, recently sold at ~.
but in our opinion there is an element
OF speculation in them. Mississippi
Central first IS, due 1919, not long aro
sold at 20, and fairly we'll meet yonr
requirements. and Missouri Pacific first
and refunding 5s, due 1865, recently
sold at 1871 and meet your REQUIRE
ments admirably if the company con-
tlhues to show sustained earning power
"A Comparison of Fifteen Stocks
and the stock market very low. / am Won
derng If you would consider the purchase
p p STOCKS, such as those listed below. good
business mans Investments Is interest
being paid on all these stocks at the pres
ent time: General Electric Company 8 per
cent American Locomotive Company
g graph per cent. BALDWIN Locomotive
| ooinPany per cent, Delaware & Hudson
r per cent. Delaware, Lackawanna & West
ern ~ per cent. International Harvester 6
per cent. Great Northern preferred 7 nor
cent, Loft Candy. Famous Players common
ce per sem, Famens Players preferred per
eern Union telegraph 7 per cent, Westtnr
mouse ao Gio9trlc per cent. Otis Elevator 8
Cent?. B. l.. p. @o-
Answer-The list Of stocks which won
have selected is, with certain excep-
lions, good one, in our opinion. Those
which we take most exception to are
Loft Candy, Famous Players and Great
N0rthern. We except Great Northern
solely because of the doubt that at
present surrounds the continuance of
the per cent dividend by Northern
Pacific and Great Northern, Great
Northern is an excellent property Int
1t is having a difficult time having it's
way, and probably will have until the
Northwest grows up to its transporta
ton facilities, which at present are
more than adequate. The burden If
doubt Is likewise on Famous PLAYERS,
We do not think much of the candy
business as field for investment. We
list the stocks in the following order
or preference, which is, of course.
merely our opinion of them: Delaware
l4ackawanna q Western, American Tele-
phone ana Telegraph, Delaware & Hud-
son, General Electric American Loco.
motive, Westinghouse Electric and
Manufacturing, Western Union. Betb-
lehem Steel preferred, Pullman Com
pany, International Harvester, Baldwin
Locomotive, Otis Elevator. Creat
Northern, Famous Players and Loft.
Inc. ~
Took His Shirt and Part Of His Skin
Question: have $4,000 10 invest =
would like to have It net me per c.nt
In five bonds OF SIS. 600 each Would apnrcs
| clate what you would consider a safe in
vestment. l have tried dabbling In stocLs
put they have taken my shirt and part ~
the skin and ] am afraid to take any more
| chances.-A. J. L. fo
Answer~-We suggest five Westino-
house Electric and Manufacturing Is.
due 1881. recently selling at 1929
five Standard Oil of California rs. due
1881, recently selling at 103x; five
Adams Express collateral As, due 1e4s.
recently selling. at 90; five BROOKLYN
Edison general mortgage Is, series b,
due 1910, recently selling at seN. and
five Kingdom Of Belgium S., due 1871.
recently selling at IooN. This gives
you net on the entire investment over
per cent, and we are confident your
epidermis will be safe. We are rlad
you have decided to be a porcunina
rather than q lamb. "a