New-York tribune., 1922-09-11

Question--Have taken great interest In
bboap boer iInvesement ny columns. and as I have
peeh iett widow would like your advice
upon the bonds and stocks left me. to Keen
my my, ani income o up to paying standard.
Ss; $1,000 Dominion of Canada Is; $1,000
Swedish government SIS; 81 900 civ az
s,,t santo Pauio Brazil. ss; $1,000 City Of CO.
Railway & Light So; $4,000 Central Ar.
gentine Railway SIS; $1,000 International
ne Mercantile anti Marine SIS; $1,000 st. Louis
ginia Carolina Chemical 7ias $40O North
ern States Power IS; $500 Sherwin- Will
liams IL Paint 6s 5000 Wheeling Moulding &
Foundry Isl 5000 Staley Manufacturing is:
SZo0 Michigan Railway SIS; 5000 Kennecott
Sopper stdn T Is; 81. $1,000 Sharon Steel Hoop SIS:
Kansas City Light & Power first IS: fso0
Japanese sterling loan Ans; 1850 Japanese
sterling loan Ans. second Issue; Gloo Jap
Second Liberty; $50 Third Liberty; $50
victory notes Stocks; 10 shares New
& Santa Fe; 10 shares National Anillne &
Chemical; 10 shares United States Steel;
lS shares Stern Brothers preferred; 1oi
shares pennsylvania Railroad. I also have
II shares Goodyear Tire and Rubber Com
pany preferred which is not paying any
thing, and 500 (three bonds) Kansas city
Railway which is not paying. Have you
any idea when the two last mentioned will
again be on paying basis? Have So, 900
bonds of Russian Government which l
hope may pay at some future time
e. s. C.
Answer-Your anxiety to keep your
"income up to a paying standard is
natural, but you should not overlook
at the same time the necessity for
making the whole list conform to the
proper standard for womans invest
ment. With this in mind there are
several suggestions that we would
make, not with an eye to immediate
market developments, but rather with
view to making the whole investment
suitable for woman to carry along
permanently. We note that you have
listed ten shares of National Aniline
& Chemical stock. This company
merged with four others into the AL
lied Chemical and Dye Corporation and
we suggest therefore that you get in
touch with the treasurer of the latter
and see what arrangement can be
Allied Chemical stock. The st. Louis
San Francisco adjustment SIS are hard.
ly the kind of investment for a woman.
Interest on them is paid only if earned
and while the company is now earn
ing the interest charge by good mar
gin, we do not think you should take
the chance of payments being sus-
pended at some time in the distant fu-
ture when for some reason the COM
pany's earning power is temporarily
impaired. An exchange of this bond
for the prior lien s per cent bonds of
the same company would improve your
position from the standpoint of safety.
The Stern Brothers, per cent pre-
ferred, was a suitable investment for
the man who accumulated the list of
securities, but we do not believe it's
value as a woman's investment has
been sufficiently proved An exchange
for New York Telephone Ga per cent
preferred would strengthen your stock
holdings. We do not know when the
Goodyear Tire preferred will resume
dividend payments. The Kansas City
Railway Company is still operating un-
der receivership and the condition of
the company has not improved suffi-
GENTLY to suggest that resumption of
corporate management can be expected
for a long time