New-York tribune., 1922-08-14
Large Number of Small Lots

Question: would greatly appreciate
your advice on on the ncIosed list of stocks
as an investment of a conservative natureY
l am dependent upon the income of these
Investments for my support Around De-
cemeer would like to pay of mort
gage of $1,000 my house. and to do SO
hnnal will have to sell sell some Of my stocks and
as to what to dispose OF. Bonds--S1, 900
American Telephone and Telegraph 5s;
$500 Armour 8 Co.; Is, $1,000 Atlantic
$1,000 Chicago. Milwaukee & St. Paul 5s.
$4,000 Chicago and North Western 7s
It,s $1,000 eS Deaware & HUDSON oda 7s, $1,000
oate rs, $1,000 Kingdom OF Denmark S.
$1,000 Kingdom OF Norway IS, 1000 King
dom of Sweden IS, 81 900 Kingdom of Bel
gium IS, $1,000 Northwestern Bell Tele-
phone 7s $1,000 Northern Pacific 6s $500
st. Louis & San Francisco As. $1,000 Swiss
Stocks--l0 shares American Can preferred
I American Foreign Trade Corporation.
American Smelling and Refining preferred.
!. American sumatra preferred, American
Telephone and Telegraph, 10 American
Woolen preferred Atch!son, Topeka &
santa Fe, american an Locomotive preferred.
Baldwin Locomotive preferred, 2 Balti-
more Ohio preferred, 7 Bethlehem Steel
Transit Z Central Leather preferred I3
Cities Service preferred. S Consolidated
Gas. 2 Delaware Hudson. I CASTOR. VIII
ferred. International Mercantile Marine
preferred, . Liggett & Myers preferred. IA
Lisgetts, International preferred, Pierre
Lorlllard preferred. Mexican Petroleum
preferred. l2 Pennsylvania Railroad pre-
1erred, 4 Philadelphia Company preferred
ucts preferred, Tobacco Products Export
10 Union Pacific, 2 United Drug, United
Fruit, Emitted States Rubber preferred. 0
Carolina Chemical preferred. 1 wabash
preferred A, Worthington Pump preferred,
DrafHTrpd Il Nnfinnpi Matt
BISCUIT preferred. Most of the stocks were
bought at par or above. The average
oq weoa Costs be per- e.n .snt snd oao nay
buy bonds that would be safer than these
stocks stocks and Yield ~ per cent? am very
ciate it very much.-Mrs. E. A H.
Answer-We do not know what your
idea has been in accumulating such
large number Of small lots of stock,
but if it has been to diversity your
investment you have been carrying
diversification to extremes. You have
forty one separate issues of stock ag-
gregating 252 shares, or an average Of
about shares per issue. Many of
these stocks are the kind. that require
the holder to keep constantly posted
on developments, and if you did this
you would have little time for anything
SioS' 1ooT pTODleW OIL QlSpOSlug OF
enough securities by December i to
meet a $1,000 mortgage obligation is
one that can scarcely be acted upon
at this early date. We believe, how
ever, that you should avail yourself
of this opportunity to rid yourself of
number of stocks which are hardly
the kind of securities for woman to
hold, and at the same time reduce the
number of securities that must be
watched. We suggest that when the
time comes for action you dispose
OF the following stocks: American
Sumatra preferred, Central Leather
preferred, Cities Service preferred. In
ternational Mercantile Marine pre-
'ferred, Mexican Petroleum preferred.
Tobacco Products Export, United Drug
common and preferred, Worthinston
Pump. Wabash preferred A and Vir
ginia- Carolina Chemical. If the pro-
ceeds of the sale Of these securities
does not make up the desired amount
when the time for selling comes, we
suggest that You make up the residue
oy selling some of the foreign bonds.
No Reason to Change Bonds
Question--Please give me your orinior :,
the following bonds now hold. ana usaia
appreciate your advice as to wheshar Won
consider them high grade. and if you deen,
!. y, aavisa pie TO make any changes Such