New-York tribune., 1922-02-12
Going Abroad

Going Abroad
Question: have followed your depart
mont FOR several Years with much inter
s"rNatlvc. Your advice would therefore
ne greatly appreciated. | am a man OF
forty married two children. and az gene
raj business prospects for the next ton
Years seem far from rosy am considering
r'bring 20 Europe to live. as the purchase
ING power of tho dollar there is greatly
about 10000 to s25.ooo moro TO invest
ana would appreciate an. suggestions in
regard thereto YOU may have TO ofcr also
any cri'icisin or comment YOU may
to make Of the subjoincd list Of invest
rnents May bc permitted to co,npI-
Trent you upon the sound and conserva
tive judgment evidenced in Your advice?
have heard numerous favorable express
SONS OF your opinion in several of the
Marine IS. le4: $1,000 Norwav SIS. 1891;
$4,000 L. S. Rubber fias. 1880; s., 900
r. @, Ark & Co. AVS, l944; $1,000 81.
(speoulation) $4,000 Northwestern Electric
lst 6s, 1885; $1,000 Galveston. Henderson
! Houston 1st 5s 1885 $4,000 St Joseph
dian Northern of Quebec: $1,000 Grand
Trunk ny. IS 1870, $4,000 Cuban Mort
gage Bank ss 1885 (Isoner Territorial de
Cuba); $1,000 Southern Indiana Railway
lst 4s, 1851 $1,000 Genesee & Wyoming
!. r. r LIST S. le2s 5000 Island on Re,
Edison rcfunding ss. 1e44 $1,000 Zurich
ss 1910 (callahlo 1920 ssl 600 Denmark
IS, leto 80 |aliabIe 1892; $4,000 ochow
81 900 Brazl SIS. 1876; 81. 900 Queensland
IS. 1881, $4,000 I,acede Gas IS, 1e2a:
s'9sS H's.s" sssss FSws Is M s:s sSs
West India Sugar Finance Is 1925; $4,000
sac Fauio IS. 1886; $1,000 Sweden ss
t&s@o: & 5000 shawinisan Power 7hs 1925:
i 1886. $1,000 Paris Orleans Ey IS; $4,000
Hoathern ontario 1t. & Power So. 1885,
Copper IS 1928: $1,000 Southern Railway
rs. 1856; $1,000 Mexican Petroleum S.,
1sss' 200 Virginia Carolina Chemical
$1,000 Chile Copper es. 1881. Stocks-2oo
shares Alabama. Great southern preferred:
50 United Fruit: 40 General Electric; 900
/ cut: 500 Allied Chemical & Dye: 100
i Famous PLAYERS: 900 Imperial Tobacco OF
Great Britain, 20 American Car & Foundry
1 common Of course these stocks are nearly
/ all spccuativs. some bought at lower
and some at higher than current prices
and would expect to Nquida;e them
a, the next favorable opportunity Cash
! in bank 5000; life insurance $4,000 al
rcady @ 1nlly paid up and stil running
ent cash value being $4,000. Also have
severa, small parcels Of unimprovc real
estate and Liberty bonds.--E c. r.
Answer-A good many Of the bonds
on your list arc what may be called a
business mans investment rather than
high grade Investments and undoubt-
cdly you recognize this fact Rather
than attempt to advise you in regard
to list such as this, we would prefer
to call certain facts to your attention.
which you may or may not have taken
! fully into consideration. You have
I several foreign government bonds. You
! are IN position to form YOUR own
| Judgment as to what the outcome Of
the European situation will be- We
have been advising caution in regard
to the purchase of European bonds, but
have not advised selling such bonds as
Borne IS, Zurich IS, Denmark SIS, etc.
except in case where the holder
would be likely to be frightened into
selling at loss if unfavorable devel-
opments in Europe should cause a con-
siderable drop in the market price of
these bonds. In your particular case
1t is to the fact that so large a proper
tlon of your money is invested in these
bonds that we would direct your atten-
ton. DO you think it wise to include
IN an investment such a bond as that
Of the st. Louis-San Francisco adjust
ment 6s when you are going to leave
this country and no longer be in close
touch with general business and the
i"ll"dy SItuallOD we 90 not think
so. We suggest that you consider put
ting at least part Of the additional
S25,000 which you have to invest in
municipal bonds. The non-taxable
feature of the bonds should be taken
into consideration, and although the
yield appears low, yet taken in connec-
ton with the degree of safety and the
tax-free feature we think you might
we'll find them suitable for your pur-
poses. The First Joint Stock Land
Bank of Chicago per cent farm loans
are tax free and are being offered at
1O11 II. at which price they yield nearly
per cent. The Joint Stock Land Bank
Of Salina 512 per cent bonds. due 1881
optional 1881, are selling at price to
weld about 610 per cent. Seattle
Washington, bridge 5 per cent bonds,
due 1882, are selling at price to yield
about 4.S5 per cent; Blairburg. Iowa,
school district 5 per cents, due 1928
are selling to yield 5.25; Memphis,
Tenn, water IS, due 1947, are selling
to yield 4s4 per cent. If you do not
want to put all of your additional
$4,000 into these bonds we suggest
Duquesne Light TVS, due 1886; idaho
Power first 5s, due 1947; Sierra and
San Francisco Power first IS, due 1949:
Chicago, Rock Island & Pacific per
cent equipment trust notes, due 1885:
Pacific Gas & Electric 6 Der cent. Sc.
ries B, non-callable bonds, due 1e41:
and Chicago, Rock Island & Pacific frst
AND and. refunding per cent bonds, due