New-York tribune., 1922-04-02
Few Changes to Make

ouestton--Th. inclo.ed list OF sccuYl.
It's represents the savings OF man! roars
Srcai'T obliged IL YOU vii! kindly crtticHD
tho inNsstmeuts and advise nor OF any
changes :ou think would DO to her ad-
ern Railway Company 6s. frat mortgage.
due lo4s; $1,000 Central Pacific Ea'ivay
Com Con! psn% ~ nr', mortgass, due 1919; 1900
road tornpanr s.. Arst lrortgagc dua
tol6-'3s: $40 900 Louisville & NashviII.
road 4s. due 1855; $500 virginia Rail
way Company hrst mortg.yc gold bond
-, due 1es2 $1,000 southern Eajivay
Con, p.ny first os,. dus 1894 $1,000 Cleve-
dhc 1881: $1,000 southern Pacific, Central
Pacihc IS, du. 1919; $1,000 Western Else
IS. due 1875; $1,000 Ontario Power Com
pan. Of Niagara Fails as, due io43:
tl,oop Southwestern Power and Light
$1,000 san Joachim Light and Povsr
Company Corn. Leinis &C first refundinE
moTsS'Te y, TX S gold bonds duo ja@0. pcr cent:
pam coNateraI trust first lien sinking
1und IS. dnc lo2@; $1,000 r>inss countS
Light and Power iyst IS. due 1897: $1.5oo
Am-i!can Public Service first lien 6s du.
i95%; $500 Western United Ga, and Elec
,riG Company %, duo 1850: $1,000 Now
for'; TcIephone Company hyst general
n!ortsaEe gold sinking fund 4$s. due 1897.
E.sr Sinking tund 81, due 1870: $1,000
Westinghouse Else,rc and M4nufsctur-
siocn rhi'sd tnsdo'o % 1o"% Of cfssl o'' Brit. in
and ireland tvcnty-,esr gold bond 5is
fAe 1H27 81 oo9 non.lnjon Of c,n.ca ,en-
Republic twcnty-tiye y.ar cXternal sold
losn IS due l946: $1,000 K;nsdop, Of I.cl-
: :,u,o 40 "yr-.s.r ~ 500 NOT B.. due l'25;
Erat N "rnal sold loan redeemabla bond
'i-s, due 1915 $1,000 Danish Consoildatc,
mum icipal loan twenty -y.ar oxt.rnal
,n naC
FEDERATION twenty-year sinking tund gold
bond Ss, due 1910: s.. $50 Liberty bond.
i've shares ITo'nc 1is'!rsnc. ''o.apany. ten
shares American c.r and Foundry pre-
.err-d stock, 1.n shares United States
So s Cotpor. Dref"rr.d st"ck. tw-nry
shares Standard on Of Ncw Jersey prs
terrcd stock.-H. w. f.
Answer-Ir seems to ". that Won
were fortunate in the securites YOU
have acquired. With the exception o.
the Riordan Co.. Ltd. IS. your bonds
are all sound investments. while your
etocks, TOO. are among the best ir thcr
class. We are going to suggest how
eV.r that you sell two items. the
STANDARD Oil OF New JERSEY rrAferred
and the Tri-City Railway and Light col.
tlus, first lien 5s. We do this. not be
cause these two securities are not
sound investm ents. but because IN.
fr-Clty bonds ar- due next wear and
- they are now selling at about 97-93
you have the opportunity to rrinvest
your canital at a higher rate OF ncou .
than may be possible next year wher
these bonds are paid. The Standa rd
Oil Of New Jersey preferred might well
be sold, We think. because 1t is redeem
able at l15 and is row selling at about
that price. while the compsnys situa
'lon is such as 10 make it possible th al
this issue may be called in the com
paratiYcly near future. As rcinvest-
mert for the Tri-City 6s We sugSes.
NWGin!aN Railway 5s. 1852 now sell
ing at about 81 and for reinvestmcnt
of the: money received from the Stand
ard OF stock We sugges' the purcha Sc
Of additional shares OF United State.
Steel preferred which is callabe
and in our opinion high grade in
vcstmen..