New-York tribune., 1922-04-09
Seeking Preferred Stock

Question: an contemplating purcnas-
ing five sha res of q good reliable preferred
stock. The companies have IN mind
ara American Sugar Company 7 per cent
preferred stock. and a new issue by H. H.
I'm Automobile Company Syracuse, n. y.
per, cont cumulative sinking fund pre-
opinion as to which one IS a reasonably
safe buy in YOUR opini ion.--J. \. b.
Answer-Neither American Sugar
Refining Company preferred nor h. H.
/ Franklin preferred ranks as a first
class preferred stock, although both
have merit and may be classed as busi-
ness mems Investments. The American
Sugar Refining Company has been
through most trying period, entailing
dividend on the common stock. But
Che sugar industry appears to have
turned the corner, and, with their losses
written off. the sugar companies will
Undoubtedly realize greater earnings.
The H. II. Franklin Company is one of
! the old established motor car manu-
| facturers, but the nature of the bust
ness, it seems to us, gives even the
preferred stock an element of specula-
tion. You might consider Corn Prod
ucts Refining and National Biscuit.
Woman Faces Struggle
Cuestion--1 must realize $4,000 before
June L. viii YOU kindly sugges, which of
| the nclosed list would better be gold? 7
am widow, s!xty-one, and have heavy
pledges to meet in educating some neph-
as need arises. hoping to get my promo
don" before l reach the last bond. | shall
value Your rating OF my entire list and
criticism Of the Investments. have no
ad wiser other than The Tribune real
| helper The list: Stocks-5o American Tel
ephone and Telegraph 8 per cent; o Beth
l:hen Steel preferred per cent; 80 cities
Canadian Pacific common 10 per cent: o5
Delaware g. Hudson Railroad 9 per cent 25
+ N'rsiIia Carolina. Chemical preferred y
I per cent (passed); so International Mer-
chant Marine preferred per cent; 40
Studcbakcr common per cent; 25 United
states Rubber first preferred per cent;
10 Union Pacific Railroad 10 per cent.
| BondH--Domcstic: 81. 900 Beaver Board IS.
1888: $1,000 Cuba Cane Sugar ss, 1880;
$1,000 De Laval Separator ss. 1881: $500
itsk Rubber frst closed mortgage S. 1871;
year Tire and Rubber SIS. 1881: $1,000
Goodyear Tire and Rubber IS. 1911: $500
Keystone Steel and Wire SIS, 1911; $500
I'ibhy: i,, MeNeal & Libby IS, 1871; $4,000
Lukens Steel n-st mortgage ss, 1910; 1900
Mas. Harris Harvest Company SIS. 1880:
s1,5o0 Pennsyiva MIA Ohio Power and Light
S. 1890; 81 900 Sharon Steel Hoop ss 1941
81 900 Southwestern Power and Light 8s
1871; $1,000 Wisconsin Electric Power first
mortgage TVS. 1913; $1,000 Winchcstcr
Repeating Arms first mortgage 7lhs. 1871:
$1,000 United Drug SIS. 1e41 $500 Virginia
Carolina Chemical 7las 1882; $1,000 Van
lamp first mortgage S. 1941. Foreign
$1,000 Belgian ss, 1871; $4,000 Belgian 7i.a.
le4H; 81 600 Chile Sc, 1871: $500 Dutch
East India SIS. 1e47 $1,000 French 7H.
1s4l: $1,000 Rio de Janero S. 1s4s.-Mrs'
A. J. l..
Answer-fou probably realize as
we'll as any one else who knows your
financial condition and the demands
made upon you just what continual
use OF principal means. You know
that you are specuating on YOUR in
vestments holding out until YOU "get
your promotion" and that is not CON
duclve to very happy winding up of
your affairs. Your nephews and nieces,
or those who should be meeting the
pledges which YOU have assumed, are
probably unaware of This drain on
your resources. If so, you s'ould waste
no tune IN apprising them of the real
situation. Inasmuch as you now have
Q. definite obligation to meet, however
there seems to be nothing left for YOU
to do but dispose of some prineinaI
You could sell your two GOODYEAR SIS
l94l, for total Of about $4,000 ard
your Winchester 712s for about $3.50
realizing total OF $3.50. In critic,,-
Tg Your entire invest nent we would
sa! tnat. you have entirely too many
iHterior bonds. Unless you can decide
10 i've within. your income and per-
suaoe Your relatives to 10 the same Il
will be impossible to exchange anv Of
the high-yielding bonds for others of
the proper grade withou. eventually
increasing the drain on your principal
( Your investment could easily be read
lusted so ss to give you a safe and rea
sonable income and eliminate that nm
desirable struggle to have your invest.
ments outlive you.