New-York tribune., 1922-01-08

Qucstion-As constant reader Of your
Of Tha NV York Tribunc. ''i should Serv r,
much appreciate your advice in tho fol-
lowing matter: have coming due within
TN" next few days Slo."oo from an incur
"h'' policy ana anxious TO invest th4
Worel IN lon@-tetlm borrs which win Civ
ns high :. yi'Id a. j.: consistent with safe'T
am in A*sing two lists which have re-
".iNcd from different nrrns aud I in
Niinol 10 ta'l' those on list No. I. The
may, foWcN"r. tc some in that list that
YOU viii not consider safe. and there
may be some il the second. list that YOU
would advise adding TO Tho first list There
may be- otn"TH not in either list that you
would consider preferable. The insurance
company would pay $500 year for tho
rest of my life my wfes life until
twcnty-forr payments have been mado
II se"ms 10 Airs T. and mo better TO take
1i'' 1ois m9nry . ana inYest it in bonds at q
we thought we should get approximately
i per cent with safety. sorry to
that You were advising the sale Of North
ern Pacific at it's present price. I have
hfty shares. which cost mo III. DO you
thini. that would be we'll advised to SCI!
.,n II now? Ls5 No; iu-'roronto ks. 1888.
mark 6s. lH42: American Sugar 6s, 1897:
Hednr g. Eanids BE- 1869; l-aurentide 5s; 1876;
Ohio refundng 5s. 1898; Missouri Kansas
q Texas lrior lien os 1862 tnew); West
ern Pacific frs, ~. 1896; Kansas City
southern refunding s. 1850; Hudson &
Manhattan reminding ss 1857; mississippi
River Power first 5@ 1851; Lacledo Gas
%ew lorl. state Railways consolidated Az s.
i.'o2: Republic of Cuba rs. 1914; American
Sne!tins r, and Eehnine iirst IS. ls47; New
York Edison rcfunling GIGS, 1871; Wilson
4 Co first Gs, l"41. Tho above list on
an investment OF approximately $40. 600
wi.l give yon $500 year income.---(;. H. L.
Answer Unless ycu can afford to
take speculative risk we do advise
|, IL.
painful rs it must be. We believe the
railroad situation is improving anUr
Northern Pacific has a good oppor
'rulty, but to back this belief with
your money, as YOU would be doing If
YOU were to hold your Northern Pa
sl'lc stock, would be assuming
definite risk. We think you are right
IL not accepting The insurance COM
pany's offer ard that you can get ap
proXln.ately 6 per cent OH high grade
bonds. Both lists submitted by YOU
! have some good investments on them,
and we agree with you that the first
HIST Is the more conservative and, in
general, better suited to your require
ments. Apparently you anc your wife
nave no heirs to whom you arc par
ticular!y anxious to leave as large an
amount Of principal as possible at the
sacrifice Of present income to your
selves. For this reason we would sug-
Gest bonds selling around par, or long
tenn bonds selling at premium
THUS we think The Winnipeg 6s, due
l"46, and Detroit Edison Is, due 1910,
suit your purposes admirably. From
me other list we would take the New
York Edison refunding 6l5s and the
hudson T. Manhattan refunding SIS and
American Smelling and Refining IS,
due 1917. In addition to these we sug-
grst New York Telephone IS, due 1941,
recently selling at l01 \: Diamond
Match 71as, due 1896. recently selling
at loS; Duquesne Light first and col
lateral trust 6s. due 1919, recently
selling at 100%A; New York Central
convertIh!e debcNturc IS. due 1885, re-
Gently selling at 97ss, and Louisville E.
Nashville secured 7 per cent bonds.
due 1880, recently selling at 1864.