New-York tribune., 1922-02-19
Has yariesxted List


bava been reading 1he New YORK Tribune
as MY substantial morning paper lnno-
Tstions have cone about recently which
havo been Of much interest TO nc. The
first IS thc sale of bonds. in which You
note the expiration date. The second is
your articles Oh invest rlerts. Il .s 10 the
latter THAI now wish TO refer. started
e.. the age of eighteen 70 buy what be
lieNed TO r. ell; edge bones Ny savings
cuiltier am. therefore, taking the lib-
er.y of attaching hereto list o: bonds
whjch now hold aud as; that YOU be
Offer nc such adrice as YOU ttnk would
PROF. valuable. My motive in purcha sing
bonds has been to buy good bond. low In
purchase price and low IL intores; rato,
value as 1t ueara lis point Of maturity.
However. :. this time there is ono thing
interest received 50 much AS tl,r security
OF the+ principal! Therefore 4 you have
any Switches TO s1Fsest :iey ike wise
wculd he aercpta pc 'nfornst!on. II this
national nank stocHs. mort csgas on re-
@stat te % other inNes,lle"ts that am IN
Va lue bonds--tour linton Pscihe A,st mort
gage land grants, 1871 per cent If
teen Eric Il r Company hrst oonsoli-
Chicago. r I Paciilc general mortgage
1898, per cent ono Oveson Short Gne
nrst mortgage consolidated, 1876. pci
FIST mortgage. 1917 per cent. eour
Louisville E. Nashville unified. i94c per
cent; cno Erie & Pittsburgh nto~fgsge
series Il, 1890 3'a per cent four Reaching
Company. Phiisdei phis & Reading Coal and
Iron general mortgage, 1891 per cent; i;
on" NJ, Is. T. second nortsaee. l'9p.
4 pr cent (deposlted> eight Brooklyn
Union Elevated fret mortgage 1850. . per
cent; three Central pscinc first mortpago
fcfundine. ls49, p.r cent. two United
Kingdom of Great Britain ard 1rela nd 1851
70 Z.
Santa Fo Senerai mortgage. 1895. per
cent: two Chicago. st: Louts Pittsburgh
nrst mortgage consol lidsted. 1882 per
cent: two Brooklyn RAPID Transit Com
pany guaranteed 1916. per cent (de-
i,ositcd); six Manhattan Ny. of \. 7.
consoidated. 1890, pcr cen; one Waba 81
three \. Y. State Railways frs cOusOl:-
dated eeries A. 1862 - per cent: foul
NJ. Is. r. first ulortsas'. 1890. rcr
cent Got deposited); tise Southern Pacific
Central Pacific COL. 1879. per cent:
three Baltimore S: ONO refundins anu
general mortgage series A. 1886 per
pau dcbcnture. l9!i per cent. one
Indiana steel 1eo., per cent: one LacAa
wanna steel. l95o. per cent; one =. !.
& san Francisco p L., 1925 per cent;
fifteen shares Northern Pacific common
thirty-eighf shares Allied Chemical and
Topeka & Sanie Fe common. nifty shares
Aichison. Topeka & Santa Fe preferred
t'n sha7ee Standard OH or ~ y. pTefe!roc.
F. L. &.
Answer-Erie consolidated general
liens do not come in the class Of bond
that you indicate in your letter that
YOU want Neither do Toledo, Peoria
& Western, Brooklyn Unio!. Elevated,
New York State Railways, Baltimore
& Ohio rcfundine and general
mortgage, Series A. American Sugar
Refining dcbenturcs, Northern Pacific
comr3o Allied Chemical and Dye COM
mon and Atchison, Topeka {; Santa Fe
common. On The other hand, the
Brooklyn Union Elevated is good in
vcs trent. in our opinion. and we would
not advise you to switch from that to
something else unless you feel that
you want to conine your investments
strictly to the highest grade bonds.
The New York State Railways first
US are business mans investment
with speculative possibilities. We think
that you would be wise TO de-
post your Missouri. Kansas & Texas
first mortgage bonds rather than to
stay out of the reorganization. This
however. is matter Of opinion, and
apparently your judgment differs from
ours STANDARD Oil Of New Jersey pre-
fcrred is now selling al price so near
the call price that you might con-
shifting from this into National
B Biscuit preferred or United States
Steel nrcferrcd because the Standard
Oil Company is one Of the corpora
tlons which, even in the near future,
might have suficien. funds on hand
to make it worth their while to call
their preferred stock at 11o.