New-York tribune., 1922-05-01
Investments Of Good Grade

QUoaton--As a constant reader of Nour
y9tpl1h' W, Woutd ,aseby aoprec'Str ynn'
Nith possible price arptecjauou and con
sidcrat ton of non -csIlAhie FEATURES fur "a
won, |on'on Of noderate means. depero, .o
upon income 8nd possessing tow lit'"rf s.
high Grade equipments aao pIhtir util- .e-
pnT"ha9t' at }o"cr prices n tHcs" 40
unsuitable, RuSCastio1s v'l' pe most ..
ceptablc desire an eNcnluFc from bold
ings for STANDARD OH of New YORK. ,a.
iSG5i North Western Bel Foleptono and
dition. WIN the Genoa Conference" result
ia = favorable effect upon French and
belgian eXternsl bonds? Ijst of bonds
Grand Trunk guaranteed 6s Of 1885. Cen
,ral Pacific first refundiug - of 1919; New
York Central Col3p"ny uebcnture ts. 1889 :
amt-a s ,a$s ONO ONO pric 'seg n9's o%
NnnV - OF 194i. United states Rubber hrst
30 Of 1871 no" Si3clair Is OF 1857; frsench
government 5iqs. Belgian government -
Vnjted Kingdom OF Great Britain and Ire
land 5ieS "f lA@t; tlsk HUhboI 50, C}eNe-
iand Hlectrio Illuminating IS OF 19l de
ben'ure. Depew, Lancaster Lisht, Power
and Coal nrst - of 1859, Alabama Power
first refundinG 80 of 1916: Sierra aud San
Francisco Power first 6s OF l9+a; Ontario
Detroit Edison Company Is Of 1880; St
Louis. San Francisco adjustment 6s of 10 ;
Missouri. l<ansae g. Texas first 5s of 1882 A..
Chicago, Terre Hauto s. s. f. first refund :
ing So of 1850 Kansas City, Memphis &
birmingham inc stamped hrst rs OF l9@
government of Newfoundland 6i2a of l942,
and the following stocks: Pere Marquette
prior preferred, Chicaeo Rock Island r
pacifc per cent preferred CalfoTn.a
oil of Indiana; New York Central, Illinois
Central Atchsor.--Mrs. ]. NJ. e
Arswcr--Y Y cur bond investments are
properly diversified and of average
good grade We do not think, how
ever that a bond Ike the Fisk Rub
be, s. should have place in the in
Vestments Of a woman who is depend
substitutes for the Standard Oil OF
New York 7s and Northwestern Bell
| Telephone Is which, we understand
you want to exchange for bonds of a
more permanent character, you might
consider New York Edison 6t2s, 1871
non-callable until 1886, selling re
Gently to WELD about b1a per cent, and
! p. Lorillard debenture IL, 1914, selling
to yield about SO per cent to maturity
| The latter bond is not callablc. If your
idea in selling the Unio Pacific equip
ment bonds, 1887, is to secure bond
Of longer term We suggest that you
| take one Of the later maturities Of this
series. They are sound investments,
| Canadian Northern rs, 1910, selling to
! yield about 6 per cent, would be Il
good substitute for the Fisk Rubber
IS If you should decide to dispose OF
this bond. Your stocks are all Of good
grade Wo do not make an exception
Of Standard OIL Of Indiana in making
this statement, but the immediate re-
turn on this issue at the present mar
| ket price at current rate of dividend
is smaller than you should be re
ceiving. 1t is simply question OF
| whether you want to deny yourself an
, adequate return on the funds invested
in this stock with the expectation OF
higher rate or stock distribution
in the future. We have no reason to
believe that any such increase or dis
tribution will be made, but an eYpec-
tation Of one or the other is contained
in the price at which the stock is now
selling.