New-York tribune., 1921-04-28
'ew Northern Pacific.Grcat Northern
1saur

SueStaon---I am told that there vii, .oor
% Issued some GA per cent bonds bv tho
wav. tnt~s,c'he rs,ac'he and Great Northern rail
favor if vo,, ,v,i, would would osteem it a great
In ,on ci tho value OF these bonds a. ~
OF sss,'ncn.; sy,o l am asking this In tho interest
oapttal to nvest. the Income frn;, sryVoU hts,s
nart rar WI! be dependent upon for the mator
slider this s q enos nnds"hood. hood" Would you con-
isn nvse ahdicated, or would you advise sniit :
Ing mng the investment up among these 'pu ana
% when ths bonds referred TO viii bc iss,,ad ~ss0
wnat GATE the interest will start iron, ~ :;
be adIre,sa6 s1s saSs'rip'on for the bonds should
ni priSe the bonds will be issued and wn~r
shorty shorty ,nsroas as 20 whether or not they viii
Answer-We consider that tho new
yoint nfteen year 6a per cent CON
vertlble bonds of til. Northarn
Pacific Great Northern, Of wh;ch
$3.50 100000 are to be issued In the near
future to refund like amount of
Northern Pacific-Great Northern
Chicago. Burlington & Quincy COL
lateral As, due July ], 1921, are a
good investment. The bonds are being
offered 96la, which if held to maturity
in 1896 will yield you about 67s per
cent. The bonds are convertible into
either per cent bonds Of the Northern
Paclte or Z per cent bonds OF the
Great Northern at par. They are
secure BY the Si65,s67 400 stock of
the Chicago, Burlington & Quincy,
which is now the sole security for
the joint As. and in addition by $685.
100000, Northern Pacific and $685.
100000 Great Northern bonds. The
subscription to the bonds should be
addressed to any of the various
banking houses participating in the
underwriting whose names appear in
the advertisements of the issue, or
your own broker will get them for
you. They have been traded on the
Stock Exchange since Tuesday. The
bonds will be dated July /, 1921. We
would advise splitting up the $4,000
capital and putting ncs more than
$4,000 in any one issue. We frequently
recommend lists of bonds suitable for
q widow in these columns.
Buying Too Much Tax Exemption
Nevada Utah Mines and Smelling Cor
own humber of these shares I do not
them listed IN the daily quotations.
Are the Federal Land Bank bonds dated
May l. 1921, n good investment for a
person of small means Mrs. II. j. c.
Answer-Apparently there is no mar.
kct for Nevada Utah Mines and Smelt-
ers Company stocks. We are informed
that 800 shares at auction brought only
81 for the lot last February. We do not
recommend Federal Land Bank farm
loan bonds for persons of small means,
because you would be buying and pay
ing for more tax exemption than you
need. They yield per cent. United
States Steel preferred stock is amply
safe for you; it has no maturity and
gives yield of Ga per cent.
Two Issues of Brooklyn Edisons
Question: beg your advice on the merit
Of the following bonds investments:
Cuba Cane Sugar u.s. Cities Service deben-
ture D per cent and Kennecott Copper
rs. I would like TO invest in either one
or in two such bonds. If you can offer a
suggestion of any bonds selling around IS
to 90, yielding to per. cent. of better
grade. | will greatly appreciate it, May
l also ask that YOU give informal ion re-