New-York tribune., 1922-02-21
Strengthening Nis List


..sa Cuasst,1on-laVins become much .nt.r.
you'd greatly appreciate your opini9n noS
advice in regard to tho follopiax r.cn~
s,es all Ok which have purch4sed wi.n.n
the last six months ana with On. sf Nv
exceptions from orc frn: Honds-tI 90,
Cfy Of burllngtoa, \. G.. es ;e2G: s. ooj
N"rfoil; Sogrdfoil 4 Western Railway converts olc ss,
raul Railway Is, 1a95, 81 ,ce rhi,ip.ts, !,
RAILWAY fret 4s. 1881, $1,000 hudss" b
3s. S 1857, 5000 st. Louis Il Southwestcrn
Railway, first consolidated g. 1852, 81 eco
no'9rsoo :. oso :. Gas and Electric Company nrs.
o,n IS, aHs, $1,000 cnGjnnati GAs aaa Blcctic
Middle West Utilities Company a. s-r,.s
c, lotl 5000 New York 1'elephn Co.A.
ern Bell Telephone Company cenv-rtiLi.
IS, 1925: Sl,ono United Fuel cas- Gamma,
rs asSl $1,000 Nirsiniaa so~-- Con,
West Pennsylvania Power Companv -
Series ., ls4e; $4,000 Driv-r-lIs rris ~
1891; $1,000 Central steel Company ts
1871; 81 600 Hercules Corocrati,n Is ls%6
81 900 Interstate Iron g. Steel t.nnpanv e..
Serics A, 1871 $1,000 Island Renmins cor.
Gnd"ban G"Tat,on psrtic,pstns IS 1872; s2o.e
mortgage 7&s. 1871; S. 600 United Sla:es
q o.. HTa7n S. isai; 900 STATE Of 20
Grandc do Sui, IS, 1896. Stock-Tveptv
shares Colorado Gas and Electric C.rn.
pany per cont. In addition to thu ah.v,
/ have $500 Liberty bonds md Viclo:l
want TO continue to hold. rlea.-
criticize the foregoing list OF s-curiti.,
and advise mr. As to WHETHER l should dis.
pose OF any of these. Also kindly advis.
me- further as to additional securities
which In your opinion would strengthen
nS s2o ooo is'; for 1M,s nov have N IN hand about
formation Will perhaps aid YOU in rna king
ssussestions and recommc cndations. am
iorly-six years old, married, engaged in
business and hav" an income from r-~l
estate. rents. bonds and mortgages Cun
a"qu"ntiy, am not at pr9s-nt Dependent
on the income from recent investmcnts and
time IS web taken up with business and AZ
Know little or nothing about the game /
rseI should keep away from tho SO
cail'd speculative class of investments.
NY oesirc is to make investments for In
con-, cor. nani .nd have IN mind business mems
with as high yield as is compatlblc tith
safety and although marketability Is al.
vital Importance in my case This is
merely my own opinion. however, and
roco w"n,n %" GUIDED by yoq5 sussesons and
ing some high grade preferred stocks in
addition to bonds?-L. NJ C..
Answcr-We think that YOU are run
nlng certain risk in holding your
Chicago, Milwaukee g. ST. Paul 4s, due
1925. We do not advise you to sell
them II you recognize this fact and are
OF the opinion, based on study of
the st. PauPs earning figures, that the
road IS showing sufficient improveme mt
TO warrant belief that 1922 will see II
over its worst operating difficulties
Virginian Power collateral trust IS
due 1912, are business mans invest
ment, as are also the Driver Harris 8s.
Central Steel IS, Hercules CORPORATION
IS, Interstate Iron and Steel IS. Cod
chaux Sugar 7l2s and Rio Grandc do
Sui Is. Stock Of the Colorado Gas and
Electric is speculative. In holding these
you nave done SO, apparently, with your
eyes open, and recognize them for what
Vncy are. We are inclined to believe
that. IN list such as this one Of tho
number at least stands a chance or
turning out unfavorably, and. assumino
that that is SO, if you add IN what vos
receive on all Of them and subtrac1
what you would lose in principal on thc
one that goes bad, we think YOU arr
llSeiy TO hnd that you would have got
at least as high yield out of GOOD
li'Ves'mehts as you would out Of YOUR
"-''N"" man Investments. We wi
ouggest, however, q list Of good invest
ments Tor your additional $4,000, and
II you should decide to change your in
Vcstment scheme somewhat and soil
some of the securities we have named
possibly in the order that we have mon.
,!oheo them-you could select addi-
'lonal bonds from those We freonntIv
recommend in these columns. We snc.
gcat twenty shares each of American
'-ecoinosive 7 per cent preferred h-.;.
"ay A.ecl Spring per cent preferred
Mon'ana Power 7 per cent preferred
corn Products Refining per cent nre
lcfred National Biscuit 7 per cent pre- m
i"rred, and two each of the foliowp;no ple =
bonds: Union Pacific FIRST 6s dms
1915; Kansas City Southern reSnnd;nc C
ana Improvement 5s, du. 1860: Che.a'
peakc d Ohio convertible 5s dne 1913.
ieio CTnndc Western first AZ, due 1920
N'rtncrn states Power Grst and re'
funding 5s, due 1911. anu re-
fo"r jult columns of in.
Ce3EuCnt OHPsfiOps I