davidaulloa/AmericanStories huggingface dataset:
New-York tribune., 1922-06-04

cueFffon-WlI Won Kindly give ~ IN
formation % 20 reliability ard safsfy ~
mo J.. T. sfeei Development Corporation.
ala0 = r. steel Comparr. frc.7 They
conduct chain store busiress have
had on orporflnIfr fo rurchnse some -
g. 5s;.f M ''''''''''' also to ''" for 'S'".-F
Answer The L. r. Steel organiza-
tion is In the formative period. ], Dc
about two years old and expansion is
still under way. Il had the advantage
o. having little high-prieed inventories
% write down and dividends have been
paid on l.. r. Steel Company. Inc.
preferred for two years AZ per cent.
A. the same time the balance sheets
OF tho company and It's subs.diaric,
are not impressive. and until the or
ganization has demonstrated It's ean-
.nc capacity ov>r greater length o.
time ire stock must be regarded as
speculative. The balance sheet Of the
J.. L. Stec. Company. Inc. az Of Sep
'cmher 40. 1921. shows among assets
the following items: Accounts and bllg
receivable s2732f0i investments. s3.-
sas.c0s. and leasohoids. good will and
c-rauization expenses. s3.i23.25f Total
assets aye placed % Sii ies6.2O2. 90 IL
may ho rcC7 that tho three items
enumerated form the bulk of the as
sets. Among tho bills receivable ac-
coun. J. b. found that s2.275.5ii is rade
rn ~ GUMS due from suhsii ,-ios.
stock Gales. &C. Investment is
found. consist o. stocks o. suhgiG 1r'es
~ O value none zoo well established
ard $500 In fourth ~ per cent
Liberty bonds. Lcafcholds. good will.
otc.. can BE- valued 70 any convenient
fcuro for balance sheet purposes. The
S'cci Realty DEVELOPMENT Corpora
tion's balance sheet of August 81. 1921.
carries among tho assets s775255 COM
missions or stock sales. which gives
some idea % the energy % stock sales
men. The frmo balance sheet shows
.ofai arsc,- a. c5.502.s7i. % which only
si2ssl rcrfcrsntei cash in the bank.
Other principal TENS in assets. besides
real estate. proDcrty ard futures.
which wcrecarriei n. 81 sf277S. were
an irvortmert In 'ro Sfrel Realty Cor
nor-fion. Ltd. Canadian subsidiary,
carried az s1O725i2. corporation taYes
and orra7iz1tio1 expenses. s7I5.7S5.
a~f accounts and bills receivable.
s5Si $50 Balance due on stock cub
4cr-rtio-s was c~rrici - sf75i12. Rol-
r~co sheets % 'hc subsidiaries contain
similar points orcr - criticism. IN our
onirior. and from these reports We feel
fhaf s. -carcc,v requires Al expert
accountant % arrive % tho conclusion
that tire stocks arc speculative.
New-York tribune., 1922-06-04

"A cali may be defined o. an option
that. in consideration of the premium
paid. gives the purchaser the right 90
compel the seller 20 deliver 90 him q
given number Of shares o. stock within
a given time a; a stipulated price.
which is placed somewhat higher than
the prevailing market pr.ce of the
stock 40 the time the call IS purchased.
The price above the market varies
with the activity of the stock and the
brokers guess ns 20 the possibility oi
rise In the time Civenl The following
is a copy Of the contract used m new
York:
New York. Sept 6. 1915.
For value received. the bearer may
call on one days notice. except last
dav. whom notice is not required, 100
shares of the capital stock of Ana
conda Copper Mining Company, 90 tO'
any time in thirty days from date.
All dividends for which transfer
hooks close during said time GO with
the stock. Expires az -:JO p. me-
October s. 1916.
"A cali is used either whcr the
nu-chascr exuccts a rise m the stock
under consideration or 90 protect
snort hdlf ANullN.H n AtN.NfH
To illustrate: II a call IS purchased
on a stock where the call figure is go
and the stock should advance 20 100
a profit OF 10 points. minus the pre-
MUM paid FOR the privilege, would
result II the call was closed 40 90.
Should the stock decline, however in-
stead OF advance during the period
specified in tho option. the holder s
risk will be limited 20 tho cost o. the
call. namely. the premium.
ION the other hand, should the stock
have been sold short the short-selier
would he assured Of the stock for de-
iivery purposes at 90 should the price
90 higher. In case q a decline IN
5Tice. however, the call would enable
the short seller 20 allow his profits 20
run and limit his loss 20 the premium
paid.
The 'put' Is the reverse OF the call
ard gives the purchaser. in considera-
,;on ~ tho premium paid. the right 20
New-York tribune., 1922-06-04
Several Changes Suggested

cy.s,ion-r am anxious 20 rst the ornr,
e- ~ your advice ana cflilcasin ln lFbai,.
'o wv investments 20 proNsac 20, ny -. !,
and myself in old age ana ioI ny - 80
e.-f.-. &, case ~ mv death ! an forfl
six wears ola and my present salary aiioWs
no 10 lav boy about 3 snoN year. at 80
stffon fo ne Insurance amounting ~ ahoul
81 ZOO hold tho following intfsin"nis
prrlq. $500 first Libc~ty losn VI ,o.o Sc
ond Liberty loan, s. ooo 'h.,a ,a L,9'SsSs p 6oSs
u@thioheu steel : per cent Marine equip
-~ert r1.r. s. f00 sesrs- Rocbuck GO.
T per cent gold note 1873 toe9 Da,lsn ,,ilsp
Municipal Series a. per ceht l5t"; -,
United states n Brazil External 500 not'
-sr cent lasi. l0o0 Swedish Govern
rrert per cent 1885, $. .00o Souinefn n hal-
way deve,opmcnt anl genera noI'sSss TO S,'i.
al. nor cent fatf stocks chicago. MN-
wsutoo & - Paul preferred. four sn@fes
American can preferred. ioAr tnelr1
ple~re Arrow preferred. ten shares 'als
Ro-buck common. five shsrNs Nou.p ~.
rrrciafe your opinion regarding me apott-
.-,ee-r,orte and any changes you mink
altsahl~ Would you favor placing SON Z
% Wy savings in shares ot = nl.' rs ,~"-
loan association ~ good standing t-h D.
Answer We think you should at
tend first 20 the permanent invest
mont ~ the 81 600 now placed in Sears
Doobuck Is. You would find suit
abl. substitute in Public Service Cor
roration Of New Jersey 5s. duo 1909.
.
Roebuck notes and You would have a
balance Of abort $3.50 20 apply 10 other
Investments. The rest Of your bonds
are suitable. although We would hare Y
favor leaving Brazil IS 20 a widow. II
vcu 70 in COR any more foreign bonds
select a better grade. Sesrs-RoebueS <
common is not the kind Of security
10 PASS along 20 a dependent person.
Neither arc Pierce Arrow preferred and
St Paul preferred. You can attend
20 exchanging the first named stock I'M
mediateiy Il you choose and leave the
other two for attention a. later date.
We Judge By your age that there IS
10 immediate necessity for haste.
American Can preferred is suitable
AS a rule we Do not recommend the
sale OF Liberty bonds. but inasmuch
as YOU are looking far into the future
We think you might exchange the short
term third loan bonds FOR something
Of more distant maturity. Canadian
Northern siss. due 1916, yielding about
5.6 per cent. would be suitable.
New-York tribune., 1922-06-04
Bonds for Copper Stock

Question: have nifty shares ~ k'nn', m
cot co-per DO sou fhlrk y wou-l n'
rood change for ne 90 bly Ngw 'r.ehn.
T.1a. & Mexico Railroad bonds ..' y
ors ~ their bonds would be ne best /.
-.sd answer In the Trhuncs InF'si mrnt
Information some tine aEp m Nhl-h you
recorr-rended these bonds s-s. =. W. d.
nswer-Therc are two issues o.
New Orleans. Texas & Mexico ponds
that might be taken IN exchange ior
.bo Kerneco.t Conner stock. The first
IS are due in 1925. and for that reason
would hardly be A suitable substitute.
The income IS. on the other hand are
Objectionable for conservative invest
ment because interest is payable only
n earned and payments are not cnm--
lative. There is ar element OF speea-
iation in the latter bond, just as there
- In Kenreeott Copper. II you want
something more conservative and per
manent you might consider one u A.
sour. Kansas { Texas prior lien > per
cent bond. yielding about 81 per cent
and one Great Northern IS, due 1870,
Welding about per cent.
New-York tribune., 1922-06-04
Business Troubles


-.. ..'..~.'-r p.,,ions % bankral,cy
,..-, e..i ye.-crtay 90 tho lni'ea '''''
rrrrrL WAIST co Involuntary g.
Dw,, i.eacf ,2.e svoKED FISH co -lnrsoi,-
rar, - ~ Liabilities. iso'''.
T,nRy wrrxRRor-lnvoiun'ary if'
.lea 1, ----.,, a sT6REs -Involuniary.
-r..r-r f'f Hudson f'. ..-......-... -,i-
rr.rturr COAT go olpnta'y las,,"
..f .t,. r0afs g. West .iih -, LiAp'''
n., su 6rRER -yoluniry. 81, "
....I -r rInhrrI~r So ga assets. iI.
f,,rrs ef.fIrNAS-VoIg gnfari -. e..s
,,,e- t4 West 3sth e. Liabilities 'l's'l'
90 'clr-. ruArHEiw r. Nsw jerry J,r''.y,.- -
rr-r. aarrfr iiif.
Receivers IN BANKRUPTCY
Tho following receivers ~ hanS,rlr,,ef
-..~. appointed tfsfffnAy iA iN' N"''''
si''' rl.-. ,o- Fs.rmon, Dress 4 cos
,rrr, 30 30 West Thirty-sseond street
,..th hr~I ~ G. 500. -.
rh,r.s shsasood for Gusiavs. r "
WAYNE fITnIrH anl rofeiife' 4a'' hir"-
war. uifh bond ~ $500
schedules In Bankruptcy
~h. s-loelng schedules n ban<rupfry
-.-r aha ysaf-rlay ln the United states
ErNA~pFR WORKS iNc. furs
rr.f.If'rr ff0ff11. asrefs fs+7.o5
NELTAHLE COAT CO.. rain ana al'o
--... 81 West Twenty seventh street.
rI.h..,I.s ffEffT. assets $500
fnSFrH fEnERER 50 West iiffh
efr.rf TIahNtss f--f.- assets. 800.
eWETNTs HfRSrHBERG &C.
ladies'. .esr fsfs ThIrd Avenue LiabI.
mos fff-f ae-efs. 1880.
JAMES SULLIVAN packing boxes ~
ufsf 1sth street Liabilities. 1881. no
CLIFTON COTTON MILLS. silk tobbers.
ffs Fourth AVenge Liabilities. fs3.331,
assets unknown
CARL rHALHElM a. West Fourih
strest L.abllues. fsf2o1. assets sil9.
New-York tribune., 1922-06-04
Has runds From Ireland

cues..on-wU sou hrliy eItr me ih-
frl'rulrr information Have anrlt
"a ,ss- r.~I.rr fr1w ireland. a-f f1r
roanl ,fe-i.n- .s only ah1g- fiii in 'a.i- l...
and fhe EnsI sh government ia-., "..i.
. -hHlnrr for Income ftN n-' NJ 't'ft
pound u wlr fo -afe
he 1sher side lreIanll ana bnpfnt n.'rl
vIrrFnrs ri-r 1867. bonds would fr'
IS. Interest without paying income tax f'
,he r-.fra government iron tle o.-e.
siLr--.f e.
Answer-If you have no immediate
need for the funds you expect - re-
ceive from ireland we think you might
well purchase United kingdom 2'ss'
ies7. in London u you have connections
.bcre which would permit the purchase.
The bonds are fully rcgisterae.e and
are exempt from al present and future
British taxes. Priae.pal aad intcre'
arc payable In New YORK 10 United
S,,,es cold coin or In London in ster-
Ing a; the axed rate o. ii.ssis or tAe
pourd. TIE bonds are not redcemab.e
before maturity.
New-York tribune., 1922-06-04

make the seller take from him a given
number OF sharc1 q stock within
given time az stipulated price. which
b placed somewhat below the prevail
ing market price Of the stock % the
time the put is purchased. Puts are
purchased either for the purpose o.
making prohts when o decline in the
stock IS expected or Of protecting
profits acains, a possible decline.
TO illustrate. II the put price rs
20 and the stock declines % so. proht
o. 10 points. minus tho premium paid
Tor the privilege, would result u the
put was closed a. 90. Should the
stock Iisc instead q decline during
tho period of tho put the holder
risk ir again limited 20 the amount
paid for the put
1T may be added here that put
or .cair under the American system
can be closed whenever there IS n
profit and the purchaser thereof IS
Inclined % take the same. that IS. a
privilege does not REQUIRE waiting until
tho last dav o. the contract period 20
exercise the same
"Puf" and "call" trading. u should be
borne In mind, has no attraction for
the investor. since 70 involves purely
fpccuInflFc operations, ana INC pnT-
chaser Of the option either loses the
premium he pays or makes profit m
the movement of the stock covered by
the option In other words. there is
no such thing as safety Of principal
in these transactions.
II should also be made clear that
hy this system the purchaser Of the
put" or "call" does not begin 20 show
q profit on bis transaction until the
stock has declined or advanced. as the
case mey be. several points. FOR dealers
IN order % protect themselves set the
price 81 the privilege several points
away from tho market" The dealers
profit. therefore. when purchasers of
options fail 20 close them within the
stipulated time.
There are dealers who specialize in
these transactions. Their premiums
are usually uniform.
New-York tribune., 1922-06-04
Put and CALI Explained

Oueior- you please orpan just wha IS meant 6D put ana
ca in reference and tho operations rored9 Arc there brokers
dealing especially this sort transaction aud ~h1 arc he| com"
uissions7-A A. S.
Anwer-Brehy defined puts and calls contracts that give
purchaser compel the seller deliver TO- or receive
from him. may specified securities within
usually thirty The purchaser lump sum Tor
this privilege may may avail himself Of the privilege within
may find advantageous o let the option expire
This trading fully described in various books on stock
financial Without attempting into too great
detail describing many kinds options used this country and
IN Europe it may present explanation Of these transactions
Hubner. professor Of insurance and commerce. Wharton
Commerce. University Of Pennsylvania:
New-York tribune., 1922-06-04
Dealer Predicts
Diamond Advance
OF 33 l-3 Per Cent
Prices Prevailing in Markd
Now Are Considerable
Lower Than Cost Of Re
placement, He Declares

A prediction that diamond fFi;'i :
.fo New York market w... be lne',ssl
1913 PER cent before tae s.oss q =,
year Is made b. Lee hcieknir, |.
Rc.chman Brothers. danord n''
chants. who has just Fc'-Fses ffs1 >
two months buying TIP in AEi'eio'~'
Antwerp and London.
DISTRESSED goods" RUSSIA siosa,.
looted and various odd 'o's o. s.l',..--
are being quickly absorbed u ne ts t.is'
ncan markets. .fr. Rc.c-ran eAP'a'-.-s
BE characterized the ;oreign ai.n.... sl...,.
market as zone swarmils WYE '-'''
on O strike. avr
Diamond prices prevailing io-osi.
continued Mr. Re.cama1, are 80,
crahIv i0wr- trar rar cement pl....
-rr .~. means tra- Amercan diAn..,.
merchants cannot replace taeif 80. 80.
from European supplies al b.
rr.cer. 4serc ere seYeri. reasons ~. ~
this situation. ln the tisi plaes, -
tressed goods that is. those dil'n'.s., -.
whica hasl carried losses, elins. -,
producer. cutters. Qo.saefs S a..
chants. aye fairly well aosolos@ -.
American fuyers ind iite o. ~
stocks I'M the market Tor SAFE -. -.
appllos 20 loose and snail. .ois . 80, !,
into Antwerp and Amsterdam iiD.1 ii.s .
over the world. inciudI7g klss.a; 80
-Socondly. the English aisnionl ~. 80
dicate has control Of about - Psl .'i
of the raw material Tie synaiesS d.
belSinr r-.ces high ard making g.. -, /,
drs.rv r,ore stable. When sta,s a. a.
a bnver-' strike IS IN progress ~ =.
s.e~ltrl ana antwerp ! cover ne -
tion American buyers in ElfoPs -
= rer.afr m1-r.n Oh which % by =
,,s..r.,Is wai,h includes losses Z. ,,s. s.
,'ng ana roilshin- aad eNpcnses VIZ
,tose brv,rs arrive il London tne p,
dieate aamc- i.s 9rice, and oesS-
,bat pr.ee rs above the pfevaAiis va.
In The American retail maFNet ~
...-,, rt,+---. is transacted. 4h'
va. .-ll F.; buyers striae.
Witl4r .-e .ast yelF t-t L..'I-
diamond cat.f.f Industry has
nessed q tremendous slump. ~ -
mar said. Ie estimated tn-t iSs
sterdam ana Antwers GU .-aN...t
we're rurr.ng az only 10 81 % pD
Of normal. taking 1872. @ iie'N" y
as q basis.
New-York tribune., 1922-06-04
Northern Paciae Eyehange

ou.~ion-About fwo months ago v.r
suFgesfed frr mv crnq.drr1fIrn
h~rd - The Northern TacIfr-Great North
ern ff.s ietf Thereaffer dil pur n.s'
same and now notice that fhev are obi.
an Tu.v c7 ~ In7ts no Trl think 7
fhonid convert lf into northern Iar.tc ff
maturing -h4-. or would sou suggest my
huvinr a-other bonl in cove nfher r1i.-
road 10 YOU know where these bonds
wrf BE- paid or should J lef fhc broker
f~oni whom 7 purchased lf t4Ae Gaze q
that end ~ iff-.irs r O. q.
Answer-We think 10 would be %
your best advantage 90 exchange your
Northern Pacifc-Great Northern 6iss
for Northern Pacific fs. but 1t i1 not
necessary 20 take this step until shortly
before July =. Bv delaying you viii
receive the larger Tate OF interest for
q longer period Present yo1r bond a.
the First National Bank o. New YORK
and the exchange will be carried
through. II YOU wait until July YOU
ard detach and cash the Jrly I coupon
before turning nc bond in.
New-York tribune., 1922-06-04
Investment Information


ou.,,ion-wir 5ol 'si re son'ininr
about the ifltfon Tube f'f'rh I..
many tiri' - r-eur.,i-. ere % 'ns ....5 ~.
fefurflnr rf Hudson MAMMA .'l1 .l-
iusfrnenf l-rHrrs Bel l1ifIn ai.N li'tN
r'ock selling 1' sfouf il htf.
rarv preferred --iiirr a' ahonf it. II
tho iar' named fhnf !
frov about 4. o. a holding .'mf
ls called. an I urle-sf pr T. W.
COMPANY. rot fh- Wlifon ..l
30 rrow in property. what $3.50 nf 'h.
order in which 'fr.. IN. .-
,sl.. - ffs IfIfran Contrary. rrri,,,,r.i
rfnrrr Nfff D. fnur opinion or
De Service Corporation n ..f
rsr len' Tfffrrfrl fofA 90 o."
meat "a a. o.
Ansver-Thc Hudson Compan''' "',
incorporated in New York 10 1905 ana
did tho financing for the Hudson Z
Nanh.,,an Railroad Company. receive
in- tho fto,k, and bonds of ihe later
company IN payment. when iae entire
svs,cm was completed the Hudson
COMPANIES received a large proportion
~ tho securities % the Hutscr & Aan-
ha,tar The Hudson ComQ1 n9F 't
IN reality holding comp1nr oNh.ns
VTrff rFfI nT. fNMIlHN tH"N -" ~.
Hudson & Manhattan Railroad, whi.s .
r-zaried as of greater value when held
"a majority control % that company
thar N distributed. Il derives .'a ref-
ergc frcr. dividends on these c.''
and IT, outlook has improved with me
outlook for increased earnings ci tff
tube system. SO dividend have h'en
raid or tho capital stock NJ tne hud'
ror & Nanhattan so far. tn" Tar value
of ,hc $4,000. 900 Hudson Comranic -re-
ferrcd outstanding BE- sos O. share The
funded debt % tho Hudson q Nan at
ian includes S9fi.0a0 first 4i-s. 1897,
n first lien On fho entire prope. iy'
equipment. otc.. subject only % He~
Yo-t Z jersey Railroad FIRST as on a
ror,ior of tho property: s5.0ol0oo Wv
York & Ncw jersey FIRST 81. 1882; S3i'.
52f. 1896 first cs. scr.cs a. a.l real
orfa'c mortgage Tic rapItal st'eS
cones next in iir,. There i1 tand-
inr $50 99fSq0 ~ common and f'.- '-'-
1925 of preferred. TIC preferred ha,
rrioritv ns 20 dividends and assets and
Is convertible into tho common a. 40.
New-York tribune., 1922-06-04


Qucft0n-ir thanking 1ou for reesnl
favor may ! ask again u YOU oonsdrT
rsfhfeher1 etcfi r rer cent preferr-d ffl'
irr a. 'fis a. good Investment Nolla Or
DOES thu. rank higher han ne ~ s,i
Fourth Liberty bonds 1898 10 YOU a..
wise ceiling. and invest for higher returns
Paid q7 for them Have 100 shares stanl l-
art oM ~ Ncw Jersey. wlil tneHe w
called and DO you advise selling iai1
f0rf. Are Wlnnrreg AMI ontario bonds.
provinces a. Canada safe bonds N ull
ceiling az efi. and asis pef CENT llaN
= think Are these bonds paid n amer
can money and are they a. SAFE az our
rIherfvr7 Wave been advised 20 buy
tlcse tv1 bonds by my broker but tnonghi
81 preferred shares. auch o. heinirnen'
steel 1e selling ~ f''z Nfrnls"h i.'
frrrel 7r selling AZ %, Perc Mar1ucffe
prior preference ana Chicago. Rock Island
re~ cent preference fjia Iniud states
Rubber preferred a. i0s. steel prcfsrf.d
AMI National Biscuit preferred are 50 hlsn
otherwise would buy both ~ these stocks
OBJ. ,ou adrfre International Nickcl NO
fsrrol ana Union paciac preferred The
last named only paye . per cent WY
steel per cent bond a. % thc best IN
fh,ir list % bonds f-MrF /. 7.
Answer-We consider Bethlehem
Steel r per cent preferred stock a good
second grade issue. The per cent
stock has preference as TO dividends
and would share equally with the Z
per cent stock in any distribution Of
assets. Yovr Liberty bonds arc a good
long term investment. yielding not
much less than gilt edge railroad or
Industrial bonds. and we do not advise
Won 10 sell them. The Winnipeg &
Ontario 8 per cent bonds are sound in
vestmonts. although not so good as
Liberty bonds. We suggest that you
follow your brokers' advice 81 least 20
Tic extent Of buying one Of them. pref
crablv the Ontario bonds. With the
remainder Of your funds you could
purchase almost any OF the preferred
stocks on this list, preferably. Atchi-
son. Pero Marquette prior preference
and Union Pacific Union Pacihc pre-
ferred pays n per cent dividend ior
the reason that II was put out az
time when money rates were lover
than at present. Bethlehem steel first
and refunding IS. 1912. are a better
bond .han the Consolidated s.. We
have no means Of knowing whether the
Standard oil Company Of New jersey
will elect 70 call in its preferred STOCK
az the earliest opportunity.
New-York tribune., 1922-06-04
Should Take Bonds Now

cussflsr-f rn srntirg fn sou I.f' ~
haIfIrrs wf.rh would fHIrh |N4 pr
lyse % make arf slrg.
ev-hrng~s rh- Ns'. fN staf'.
.r--.- s-Is. f--er-rfl0rn. 900 sH.fH
rfhfr vrvarf. 60 shares Naf'onnI l..ffnff
10 Shares American C.r i
ss-rsf e. shfrsr sf-rl.ri n.. NJ Hf'
s~v preferred 81 shares 'r
rhore ana TfiferaTh 81 ahaff- .f.
nisryff rrrsfrrr4. d. fsn-ff lnfri rf.
Ertelofs Frafsrrrl faar
rir~ rrefer-sl. shares IHrf haf
rreferref shares hr-r.-'r
f.rrrf IN shares r.f.rr rfrt
srarar rIfiH- service r.rn i| r'f
WeefI~rnrlfe rrmn
Elrrfr.r 90 ff.ras Nhf.nrs 'na li
shares RANK - Amer
dated GaF Electric l.Fn' ar
r,.r.I--,~r. shares American InrHr ''.f"
rrege-ref shares irfernaf-'riI hif.
rrrfr~r.f f1 shares Amer COO Az .--..
chemical Trfffr-.t fh.r ~
Esw ENGLAND Telephone
shares rnlss I1frrf fl-f AfN
banks 5000 Liberty bonds $500 4.
" Answer Before making any eori-
mon, on specific issues. we are ln-
elircd 20 criticize y0lr investment m
tho score o. itF 700 great proportion
~ stocks. Onir about i3 rcr cent oi
rour invested capital IS in bonds. We
must state. however. that you nave
shown good judgment in the se.c ton
OF stocks Barring Libby, McNeiIl'
National Leather and. possibly. Amer
can Agricultural Chemical your siocss
are All OF good grade ard we hesitate
20 suggest the disposal n any oi
them. We think the better way 70
correct che lack o. proper balance be-
tween stocks and bonds would be 20
devote an investment funds N tnc
future 20 thc purchase - sound bonds.
starting with part ~ the $1,000. YOU
have I'm tho savings BANKS. Judging
bv vour success in fhe selection OF
stocks. we do not think you need any
help in tho choice of bonds.
New-York tribune., 1922-06-04
Wants Good Bonds

Querfion-Wll you kindly rIre 90 \
l.r ~ Eve cr SIX high class .rVfr.mfrf
bonds that ir your mfrl would Do ahr1-
lu'eiv rel.bie and safe ilrrefrenf flr
widow that has about g. 900 fo g. 900 90
invest for an income Interest rate De-
sired from 81 90 per cent net. but abb
soist- security i- the frat consideration. --
g J l.
Answer-Any OF the following bonds
would be suitable for your funds:
Canadian Northern 6izs. 1886. yield
ing about 81 per cent: United States
Rubber IS. 1917. yielding about 5s per
cent; Grea; Northern 7s. 1895, yielding
about per cent. Swedish Government
es, 1899, yielding about 50 per cent;
Western Union 6'zs. 1885, yielding
about SIS per cent. and s.. Louis &
San Francisco prior lien IS, 1850,
yielding 50 per cent.