davidaulloa/AmericanStories huggingface dataset:
Evening star., 1922-03-23
Diplomats and Ofnclals
Entertained at Dinner.

The Secretary of the Navy and Mrs.
DENLY will be the guests of honor at
dinner this evening of Capt. and Mrs.
Hayne Ellis. :,
Last evening Secretary and Mrs.
DENLY were guests Of honor at din
ner of Admiral and Mrs. David Potter.
Evening star., 1922-03-23

Miss Ruth Wallace, a student at
Goucher College. in Baltimore. will
come to Washington today to join her
parents. the Secretary of Agriculture
and Mrs. Henry C. Wallace, at their
apartment at Wardman Park Hotel,
for her spring vacation. Miss Julia
Polk of Des Moines and Miss Eleanor
Powell of Grand Rapids. Mich, will
come to WASHINGTON Saturday to visit
Evening star., 1922-03-23

Representative and Mrs. John D.
Clarke will be Joined tomorrow by
their son. Mr.. John D. Clarke. jr.
who will spend his spring vacation
and return to his studies at Port De-
posit. Md, in a week or ten days.
New-York tribune., 1922-01-29
Bond Houses and Investors

(aest-l rcod,g pow financial co'nu uifl
eoud IKE ask hhr wo"d 10 gre me somc
cch f"d Of securities
chef Iteration (wihoa hot nothg else dfS)
ciA possible hd
houses. bt hare rornby bee" rn ton
sell to h"ee hond oad
otade Is hnrdy rAo
right So-cd(d better
dcoers. long securities dcsutdI II.
think that been the
the whom you OF
the the sell what they have
bought That the only they make living and
way your criticism justified c by
leading condition
bond business lower plane this than lines
because bond
of the business heart higher plane
would very
irely dnced advice which bond
the
which expended this end friendly
bond house the things that ought
real The that
be all the house thought when they
Dh smaller than The that will
Independent Judgment
Whe VIII have the of having
judgment and information which, individual
cultivate the result of mary years of experience.
New-York tribune., 1922-01-29
Diversity Needed

Qucstinn-I lihc thu r4rl: way in s'''rh
YOU treat all questions would be vcIy
grateful if YOU would ararsrr the follow
,ns. for mo hat. recently bought q
fnw to at an Investment. ono - F|cthc
Gns q Electric Company per cent ana
Portland Railway Light Power
IL por cent. each 81 600 bonds. A. am
man who hns 10 work herd Tor livi"Y
| woulG saciince Interest for safety. what
is your opinion ot my bonds. As ! hh p
ccupi. more tNpuesird dollarr TO tnV",'.
wonlG Arn kindly Suggest Il ic" more saiN
honds and crlige.--l. II.
Answer You have made a good SC
lection smong the power company
bonds. in our opinion, and We suggest
that you look among industrials aAd
railroads for investments for your ad-
ditionsl $1,000. 80 that you may have
diversity. We suggcs; for your CON
sidoration Terminal Railroad Assocla-
tion Of st. Louis rciunding as. due
1858. recently selling around 79. yiold-
ing $40 per cent. and Pcre Marquette
first 5s, duo 1886. yielding at current
market prices about $40. among tn>
railroads. and nuquesnc Light CON
ve,tiblc 7'as. duo 1896. yielding at cur.
rent market price 600 per cent for the
industrial.
New-York tribune., 1922-01-29

70 make a selection which we think
comes within your requirements IN so
far as YOU have outlined them in your
letter. We suggest the purchase Of
$1,000 par value OF each OF the following
bonds: Chesapeake & Ohio convertible
4'2s. 1880, now secured by the com
panYs filst hen and improvement mort
gage, recently selling at about 50. to
Yield about I per cent: Carolina. Clinch-
iield {, Ohio first 5s, 1898. recently SELL
lng at about 80. TO yield about 655
Colorado d Southern rcfunding and cx-
tension 4'2s, 1885. recently selling at
about 50, to yield about GO; ST. Louis.
San Francisco prior lien 4s. 1850. re-
Gently selling at about TO- 10 yield about
SO: st. Paul & Kansas City Short
Line Ai2s, l9Al, recently selling at
about so. to yield about 6.l5; Nirginian
Railway first 5s. 1852. recently selling
1t about 81. to Yield $50; Chicago Union
station CTS. 1858. recently selling d.
onout i3, to yield abous $50; Sew
York Edison Company 6l2s. 1871, re-
c"ntly selling at about l07. to Yield
about 5.95. and Focahontas Consol-
dated Collieries Company first s.. 1867
recently selling at about 95 y, to yield
ahOlt D.
New-York tribune., 1922-01-29
Pay OF The Loan

@"'"sl ON 10 Nou 1h!n- il viii pay to
calN llb"riN h' '.Gs IN loan ihal costs
or N'! cont auI u" bru0r Niel,Ia. ONLY
p, nor cont Wll not th,,r h-irs sul iect
Z" -, '.'"r july, 1879. prevent tncln from
'@.nG h"ush fieol. by .hrse vltn large
iiiS OF noAt5 TO invest Shpuia ..oi
iaN on }n} loan BONDS
Answcr-So long as tho Federal IN
coNle taNos rcMsin in force. anl
especially the supcltaNes, the Liberty
oonds which are not free from these
taYos vii! sell 10 Nioll IA higher re-
,urn CtaX d!sregardcdl than those
which arc taN-cXcmpt, aud it is like
wise true. IS YOU say. that the tax
abe bo''ds Will not have tic same
CHARACTER OF malke. "a the others.
obviously YOU should pay OF ,our
.oar a"d no. continue to rlahe ar the
difference between ;he ~, per cent
winch YOU are getting Qnd the J. y.
cent which YOU have II pav.
New-York tribune., 1922-01-29
Six Fer Cent for 20 Years

~o( siion-i m single 60. aad possessed
., onir . few Thousand. oypect 20 have
Saoe 20 invest soon VII you AiuGiy rec
cr'in"nd Two or three bonds 10 choose from
or Term about 1s2c-la<l. which viii net nc
per cent or q iitile ove.9 had thought %
Ne" York Telephone. bat AT present prices
~ market Il brings il under : per cent
nat about luiicd\ prug s. 100 fe
Southwestern Bel Tliephrne -. ls4l. ia
ti-c in $500 derominafionsr want
safety nrst. and satisfied ~ n moderate
ia'e or interest ~. A. T.
Answer Northwestern Bel Telc-
rhore IS are due in l94l. are available
" $500 pieces. and, We think. would
make q frst-rate investment for your
$500 AT the current price Of about,
i0S the yield to maturity is Gl7 per
cent and The current return about 49,
As other bonds obteinabe in $500
pieces and fuliilline your other con-
ditions. we suenest Diamond Match
Company GehontGre rs. 1895 recent
ly selling T.. abou, 40, 10 Hicli Go
TO maturity aad giving current re
turn of e.qq: &ud international MeY-
car,ii- Nsrine first collateral Gs 194l.
recently selling at aho1t 81 :. Yielding
- maturity about SO arN gieirg q
ousrcut return of 9ho7t CO pce cent.
New-York tribune., 1922-01-29
Bush Terminal Building

Qu~s,.on--Will YOU please elve your oi,in-
on for Investment Of the following. also
Mercantile Marine per cent Colorado
Fuel and 1-oa per cent. Detroi, Edison
nr.t ard r.fundnr series H. ner cent.
Rush Terminal. three issues Nhat is the
nature Of the business represented by Bush
rerr1tnai Fuildine. Also what dc Won
think Of Appalachian powe7 6 per c-nt >
Are they readily marketable in case of
necessity ?-T. ". S.
Answer - international Mcrcantilc
Marine Gs arc callablc q, 1l0. Colo
rado Fuel and Iron per cent bonds
are cal'able FOR sinking fund purposes
only. Detroit Edison series Is due
1910 are redeemabc at 1917, before
March /. 1890, at l05 to March /, 1885:
and thereafter at l02i7. Bush Ter
minal Buildings IS due 1860 arc not
callahle. Bush Terminal Company
consolidated 5s due 1885 arc not call
able All arc good Investments Ap-
pslschian Power G> are not listed on
the New York Stock Exchange They
are marketable but net actively traded
IT. TIE Bush Terminal Ruildirc-
Company owns an Office building al.
1oo Broad street and cS5 cty lots
hounncd hy Tncriy-c irnth snd Thin
tr-seyenth *tree.a and Second AID
Third avenues sno also bc.wecn Tn p
tynlr'5 and For'y-firs' streets a.
Second Avenue. Rrooklvn. Or TINS
ground there are erected A3 loft ard
factory buildings The compsny's in
come 10 derived from rentals.
New-York tribune., 1922-01-29

Everything depends. of course, on the
character o. house with which you make
your connection. 1t is rcgretta5lc fact
that there are bond dealers who do not
recognize that ultimately the interests
Of the individual investor arc their
own interests. and it is regrettabl Bile
fact also tina, even houses Of high stand
ing sometimes employ young men whose
education and experience have not been
Sufficiently broad to bring them to a
realization OF TINS fact. and who are
chiefly interested in the amour, of their
comm ssions. Housos Of standing which
DO a large amount of business often
carry issues which may be perfectly
suitable investments for certain types
of lnvestor, but which might not come
withir Nour needs. and young statesmen.
interested L. making showing. some
times Offer sueh ISSUES 70 people for
whom they are not adapted. Often. too.
the investor de'nNrGs a certain specired
return. higher th&n can asorably be
expected from the type OF security which
he ought 10 purchase. and the bond
salesman is thus led b. the demands of
the investor himself INTO q sale which
turns ont 10 be unsatisfactory How
ever since you have been so unfortunate
aS not 20 obtain The information you
seek from other quarters. We are glad
New-York tribune., 1922-01-29
Brazilian Sterling Bonds

N.restinn-p Please rive w. ,our oniutou
in rcssrd 20 United States Of Rra-il re-
cent o%;crusi sie1iirs bones Issue Of ~ 10
r \
Answer - There are TWO questions
involved in the purchase Of United
states Of Brazil external pea cen.
st0"ing bonds. The first is int Of Tho
creo't of Brazil. In the past the credit
Of South and Central American cour-
tries has never been high, but there
has been considerable change in thi;
respect. or at least competent observ~
ers of conditions and opinion in South
America say that the attitude o. the
Leop'e Las changed for the better.
Ne resources Of Bra1il are very great
and on Tho sco~e Of ability to pav the
bonds should ranh Ai,h. The second
consiacra;ion j., ita' of tho course Of
s;er ira exchange. Even among lead
ing bsnNers in America opiAions ~
pteSsed as TO tie course of forcicn
eNch7nees have nroted quite wrong.
and .nc question IS orc of those w1,icn
canaol DC an wcred b. am rcasorin~
process based OF ascertainable facts
It ,s. IN other words, matter Of suecu.
lation. sf'0u'
New-York tribune., 1922-01-29
Roth Speculative

'sa's''on Will vou kindly ADVISE if YOU
."' NiH'i ''rc"i Nolin'rr Railway pr
'eiirn and EArrka lipe Line e sac and
s""c ..N"*t tni.nt. hst would on recon.
end for ho,h safe and also as god
=. r. T..
Answer Neither Great Northern
preferred. which has no common stock
between it srd Il cessation Of divi-
dends nor Eureka ploo Line. is a "safe
and good investment il our dc.inition
O. the words We sregosl nir,i. ~.
yo@T $1,000 eonslly between Montana
Power prefcrreo snd Gcrn Products
preferred. both paving per cent and
noth good investment stocks. in our
opinion.
New-York tribune., 1922-01-29
estment Information

Questions cf o~nrrdl interest TO ia
tes'ors wiu bc onsr<rcG - this col
ursn. ~ sst,>,. cos- eriv M. inis AZ.
% used. Others ,eiY be drsacred by
mail. /odres. ell ;pqairics. 'ac{os
tno sfomped. addressed eareiont. TO
frVanoioi Editor, The Tribune. i5i
Nassau street, Nc.u York City
New-York tribune., 1922-01-29
Small but Good

ppesNon viii you please adviso me con-
cernins so'ne in7es' meets which have
made: am earning salary Of $500 4
re2r. WI p:osperts of increase even
thorsh have pass"l tre thirtN Eve ,ear
mart Trs following a1e lny inves meats
Sl.3rO Goat Sriiai1 ? Nd Ireland a'2s due
ls2N: SSon r~rnsytVs1ua -Orio Power and
iieht 7i2s, Gu 1sA1 NNe shores AancrioaA
Ieicphoue aud Telegraph Noef Wor}o
YOU rdVise the sale Of any @; these and
what otNers would Nou suree~i 80 take
their l,.seoS.--M. +. y,
Answer Your ?ennsylva MA Ohio
Power and Light : rs are due 1910. not
1911. We consider il q good business
mans investment. In cur opinion Won
have the nucleus If good investment
which already has an element o. d.
versity in ii and VIC suggest no
changes.
New-York tribune., 1922-01-29
COUPONS
THpiT UNITED RAILWAY
u \ ID i'ANJ't -

nt.-.G;;lE.;p -n.Gt;IEpiT UNITED HAlI.w.y
49,, COMPANY ~
lw.,tI.,' ne 'ss@ .ooo ti's Mos,sasa Five r~rr.n,
and peot,,s y snr cog lionas Of sne pc;ro.
,r On 'snruary ~ l9sa viii be ak@1 r' IN 'T ,.e
antpsl mo'rrs rpon prcventrtion" to U.. ,n
so so nmfGaad~sy, m New York CIV, Connoo H 'ors I1
r. Rapk pA' ., as heretofore BY the Peopis. :, n
snd depo.ted ti'n' IN ~. They should he detached
a. Z. PETERS. Eccy,tarr.
New-York tribune., 1922-01-29
Answer The Goodyear Tire

Answer The Goodyear Tire and
fuhbe, Company has passed through d
roriod Of great stree 4 report for
this poriod was made public ouisc
recently. It showed -h~t the com
nany had apparently gotten over its
vors' difficulties. On tho Other hand.
'hc first S. represent tho permanent
financing Of current liabilities, which.
in our opinion. may have been neces-
sary. but is not sound basis for an IN
vestmert. We think tho Goodyear TIE
and Rubber first SIS are now a good in
Vcstment. but we do not think they arc
an Investment which should be chosen
Il safety IS put before al consjdera-
tons of yield. Your question in regard
to the new Dutch East Indies SIS is far
reaching. and probably international
bankers would differ among themselves
as to the extent to which these bonds
might be affected by adverse develop
ments in regard TO the German iNdem-
nifty payments. Our own opinion is that
there would be comparatively little
likelihood OF the bonds being adversely
affected. Brooklyn Edison Is, due 1870
and Rochester Gas and Electric IS. doe
1916. are high grade investments. in
our opinion. Bradcn Cooper IS are q
business mans Investment BAT good
one. we think
New-York tribune., 1922-01-29
Does Not Want to Take Chance.

ef.rH '.t rtriif
ia ;4at' es uf ipv'sr 'n ''ooi' So rnN N'.
a li,e "lln ~'asi n,9l4.. 81, g. f~'
tat sbudiG sureu'a '.Nou. '.a' t1't-
oWr7n TN 4ho 7ft,uue. hu' eafnvf i...iis
'-'eh to bus. frrd has t.fe s.'a IL. w..
s,an -o-t.a es tfti iia '"ti
ilnd~er & Ms'halisc a'f ar.0 .',
$50, rcco-lll' 'udso. tHti 80 'i. lir
.'l Npt ao nrf wei to te ham rs
rll vor GO H4e Your ors of 'l~'.'.
',li d~s. sfA al.n i,tio'f n-s seNa- pl Noutd
4l4s.- l.t tr hu.
Aasveg- Bcleiar s. sno ro'-sn {
NsAhatter re.audns ys afe bo'h soej
-vestnc Is. IN our Oh n;un IL oQ, Slc
snslots for higher factor Of asetr
Won vii have 70 take aWai G. Nisld.
such - Is cferod d the .ohest r 8
torts like JNitod states steel sifi. r
faud 7s roccntlz selling 1t ahol ia T..
SO yoid > rer cent: Atchs-1a 9enoea'
l~ recently selling at about IS. to Nlc d
i.53 per cent; Chicaeo. Burlington &.
Ql'ncF general is, recently Sc Ing a..
=. 10 sie'd abort f.T1 ner cent. o.
.lonta,la P,~es h's, IS. recently SELF
iNs at about 81 to yield 80 per cont.
New-York tribune., 1922-01-29
NiaQara Fails Pos

esUss ilon 'lc5s. esie r1' tpur oninion
vac ady s.o'lir OF nv hug o me
Answer w DO not know vha, one
of t''o securities oi thc Niagara Falls
ioN cr Company You arc considering
investing IN. Niagara talle Povcr tiret
Ner coN' bonds. dan 1882. are a high-
grade Investment. jN c2H epioinl ~.
rrre recently selling al 4 price 20 yield
3.lS neN cent current, or 8 IL pel 60.
income 10 maturity; Niagara Falls
Power sefVrding ard general S. duo
1888. are .ikcvise. in our on nion high
s,IAde investments. recently selling a.,
prices TO Weld 5.SS per cent current
and SO rev cent income to maturity.
New-York tribune., 1922-01-29
Something That Can BE Pul Away

'lnostioo--l would .ite 'o in,es' ABOUT
S'.Vpu ~ scNarel diie'ent bo.c< sne world
oe rsassd 10 haze you 3 ue q list o..
t'f'en Or ie MY -.osY bonds tn~i YOU con-
side sood ,Vestment for small h-
'esior who dss'res ia plaee his snonnt
". lnone' - the hosf Nr".i. .t-l. ,iol.n
a." icio = not laree 49, on,. cp4i.i -
,N.e IN o'ner ho"ds. VS. 70 puacasss
bones tnai "ne can ptt aV'-a a-le van ..,s
nav T." t.Ite aat uore ,ttel.ioA ;n.n ,he,.
"onib to Liberty horts.
Answer The following fou: bonds
we consider aMong the highest elaae:
United Kingdom a'as, due S9@1. recent
" selling at price to weld 5.GS per
cent to maturity: Delaware & hudson
FIRST and rcfunding Is. due 1913, re
centlE selling at ST., yielding 4.92
ner cent to maturity; Northwestern
Bell Telephone IS due l941, recently
selling at los; Western Union 6'as,
oue 1896, recently selling around i03
No bonds can be entirely disreSarded
although l.lbertys come as near TO that
IDEAL as possible. and the bonds We
have recommended app oach il. ia ,ary-
my degrees only.
New-York tribune., 1922-01-29
DIVIDEND NOTICES
COSDEN AND COMPANY

Ths r, January IS. 1872
,-,r,f.s no Board Of Directors of Cosfen and
~. ,".'psny mas this day declared the reru-
B. d.. ou"r'erly dividend cF I1ss on the
,i'e'crreH stock OF the Company. rnyabie
rsn,s - .s,' '"3', 10 his s.nvi,isoidsrs OF
~" A. "a" close ~ business on Fehruarv
@ ,".n' w. The stocn roo'Ss vill re,asii,
N. NJ. Ro'izGR. sccy.
New-York tribune., 1922-01-29
WESTINGHOUSE ELECTRIC

,% ,M,I,NNVFACTCRiNG COMPANY.
on the COMMON stock Of this ,,omnan~ IN. fn,.
II. t.' ~. ansr,sr ending December 81. lSsi, viii
pe recora Dn'o sanuary 81 lo?3 TO STOCKHOLDERS OF
SN''o 40 OF December 81, 1921
N.u ~.r,. ~. =. HAETZ. Treasurer.
~" 1ofks december n. i91i
New-York tribune., 1922-01-29
Answer From your description

Answer From your description OF
'hc t'Vs- certificates p'c arc inclincd +.
be'Ieve That they have all the srocu!a
I'VE toa'nHos OF = common stock with
cHt nc th"ore'lcal advantage or even
am V"''rc power. Common stock is
led q shsic IN I'll of tnc nroli;.
'l INC business, subject to it, crcdi-
tors C., sms. but unless 'he business j=
nrofi'ahl" This is privilege on which
1t would bo har. to paw tho hutche,
AND b@ker. The starting Of oil we'll, i
lust *poNt as uncertain a business a :
vow ran easily ,ind. Nionrv nut jnto :
h9l' N the rround is most clfcctjvolv
consumed unless. BY chance. the hole
'atp"ns TO have hcen A,iven INTO dc.
post Of petroleum. There apnears 70
90 fascination about the riph; 10
share ~ profits which quite blinds tho
rye of The ineNNe fenced to the posi-
nilit" of tAcre heinz 10 nroGts TO share.
po"'t misuse Ia" w.-d ''invcst" In con
Necslon with putting your money into .
purely speculative stock.
New-York tribune., 1922-01-29
Too Many Foreign Bonds

Question As constant ~.aaor Of YOUR
ioVes' nent colon'n youe criticism of ,No
following holdings or anT so-seslion ..ou
nIate'. afl siviy-lhro4 yesrs Of a. ia
bus aess and nor aop rdius On tho raiuln.
hoidine The same FOR Investment ori-
have az additional - 600 IL, invest 4rd
would shauiS YOU for SUGGESTING either
bonds or hlsh @lade preferred stocks
Srcu1ltes S...oo liberty bonds. tferent
'ssues three soFernment F"ench Republic
N'' cet'. three government French Re
pn"nS = per cont. 1871. three l\.n.aoll
o' Belgium nes cent le4l. lhree King
= "a winiean Water and Power 8 per cent.
iVep; one Northern states Howcr. 6 ne,
cent. 1881 one Detroit United RAILWAY
Company frSi mortgage collateral sinkinc
fund per cont. lo+l. ono Jenctes Spin-
ni'@ COMPANY sinsins fund doNonture
r.' ceaf 1856 f31r RIO de ,Ianeiro Tram
way. Light ana Power 3 pr cent. 1855.
SIXTY s.afes Standard OIL OF Sew .lersov -
:. A *
Answer-AS d business man not de-
pendent upon the income from. your
securities YOU list is perfectly
proper one On the other hand YOU
say YOU are siHty-thrce years old.
which VIC take IT means that the time
is approaching when your calninr
power VIII decrease and when YOU must
TOOK TO Your invested savings for sun
pert, in par; at least Considering
yoal list from this point Of view, il
seems to Us that tnerc aYc scvcral
tens which ouch' to bo eliminated
on have teo large proportion Of En-
repean government bones. in our opjn
ION, and VIC do not THINK mat Detroit
United Railways s. or JcncAes spin
~ Company S. belong among the -
49, 'inents oi man o. your sge 2,
suggest that Yol dispose of these two
bonds and tns' YOU reduce your French.
RclgisN srd Danish bonds to one OF
each issue instead OF three Of each
lssu9. For reinvestment OF the pro
ceeds Of the sale Of these securities
we suggest Hudson { Manhattan r,
funding oS. 1881. recently selling at
ahou; IS 10 Weld $50. international
Mercantile Marine 6s. 19ai. .ccentlv
selling ut about - % Yield $40: Ncw
No'e II 9oa9ne rcfuuaing Is. 19t, and
non cs Table fer lon wears. arc NV
} prh olson 6 rs. due ~ tai aaA non
caiia..r Nsfocc 1915. The latter jssiex
are selling; to Y.eld Slightly les .hao
6 po1 ceat. Al. these bonds are good
INV 1nieuts. N ouv opinion. and mere
app' 'orriate for you than the compar-
at'Veiy large amount of foreign govern
men. bonds YOU have now.
New-York tribune., 1922-01-29
\ oman's Investment Problem

Ci-s.i,p Na1. r-,' for q .ons tine Il
"e-l fre y ouas amt a.l particularly
hs l' ere iiNc ,t.tlt'lt
et.4 ts-. >aJl .'islse. haze goo
~ Ne'.,s auI Victory bonds OF
.ci 50 "oo u N.otorts. whiD WISH
90 - a'i .oN.s in ~oil hIsh s..f,e 90 N
'' en1u' pa below. asa past nft,
's ~ a2t and ,"po''.l 7n the is-ol-e
Would rrA r1Ns-e N.fsinia Railway h4st
ortEase SIS. Is fNerr .of lri hin. better"
h.,'a. loorf.t 3i thv r., non ,s.s bat
'.rrose Ncl wvnl tAins laea not suitable
sat IA AN the people si.d co'int.s -
Ms. =. 9.
7. swer Nirem.su fnet Nirg. MIA
Railway lfs; n4it.'s &C . per cent oonds
are me grade 'u1 mert, in our
osfioA. We hike viso nave grsa, fa'tA
a she French people. bu; We advise
aiNf & 80 purchase the French 7ias
I'd -ne ou come &C the German in
o'Nni Vv s,tl%.Ion j. more clear OMc
clement of safety in Investment is di-
versi'y and We 'rlnk that YOU would
Jc Ni~cr te divide tac proceeds Of your
,ale G. loGA N.Ntorv bonds between tro
or more Investments rathcr than put i
2il into one. In addition to ;he Nir-
man n ray bonds we srgge.t NN-
'ional Biscuit preferred pcl Govt
iock. wr4ch was recently selling
around III; Missouri. Kansas {, reNa<
%. w inst 'icN = Hor cent bonds. recently
solIiny a}otnd II y. Welding about 6 =
aef cont current .n,o'e.t and due 1902
and orc >Aolt Line first nlcrtpage
3s. dne I933. recently eli ing around o..
New-York tribune., 1922-01-29
Mortgages and Narkc.ability

clss' ion--I have never ,~43 whore Won
slNl'od people Win Tmsl snsas of money
are ,e~ucd b. fhc Ancficsn Hord and
Nort e. company and ',traur 4 CO NO
You 'o.s.dcr fhess bonds goo1 ea,o pm
aaSf aHd are you sh" 10 inform tUo wat
fh"N would hc iak'0 back Tor bN che coin-
psny Or vha; b9n's would eivc 1or lhe
'vartsd 20 sell ;hem. have about 4soo TO
irN~rt. hIf before doing NN, VAT ir-
Wy from YOU Would YOU advise changing
'toeTty bou1s ina expire n"xt v"s'' J Ao-
l'svr. for bonds row paying better divl-
Gends that Owe would bc able to purchase
AZ the expiration Ct lihc-fys II 90. Vhst
world tor ls.sc huyinc1 also have
h"ru aGF;atd 10 change Northern ILLINOIS
Cereal per cent horh ts5oN) for a 'har-
'osI Iron per cent soit hN Chapman. OF
q /, II
tnswer--Bonds secured by real es-
tate mortgages arc generally con
sidered a conservative form Of invest
'rent when the property is wisely So
lccted and conservatively valued. They
are Ike ary other form OF security.
however. in that each case must be
Judged on its own merits. VIC favor
tho sale of Victory notes maturing in
May. 1922. provided the proceeds are
invested in first class long term bonds.
such as Brooklyn Edison general 5s,
o4a: Oregon Short Line FIRST IS. 1876:
Montana Power first Is. 1919. or New
YORK Telephone first 4ias 1889 Good
yea estate bonds. OF course, are equally
esirable. except that they are not
readily ms rkota Bile
New-York tribune., 1922-01-29

Answer You can sell bonds bought t
through one broker through any broker.
you desire. and the same is true of
stocks. The receiver under direction
Of TIE court is in CHARGE Of banklup,
firm. You ought to be able to buy
bonds through your own national baNk,
If YOU have check ing account. and
this is a GOOD way to handle your buei
ness. What we have said abont no in
vestment being absolutely safe applies
to mortgages as we'll as to bonds and
stocks. The five bonds. however, which
we suggest for .'our consideration are.
m our opinion. hich grade. by which
We mean that .hcir com mparativc de
gree of safety Of principal and interest
is high. Unlike mortgages. they are
readily marletabic in time Of need.
Louisville & Nashville secured : por
cent bonds. due 1880. rcccrty selling,
At price 10 yie'd about pey cert:
Diamond Match 7'ss. due 1896. recent
~ selling to yield about per cert:
Nsw York Central convertible de
bentuFc 6s. due l935. recently seNi~~
lrst under nar: Province of New
hrnN swlck per cent bonds. due 1921.
recently selling iust little over par.
aNd New York Air Bake .;rs, Is. due
'92s, recently selling 'iust below par.