New-York tribune., 1922-02-05
Subject to the Super-Tax

Ques,ion-Inclosed please find list Of Sc
hoid vs,ins & nnI n,'Gs nG ss,nsS auns
stocks. These securities We're bought at vari-
Gus times, prices Indicate Am middle
OF 40 TO l2 per cent would be Obliged
If you would iooA over the list and offer
your VOW 81 suEgcstions You VIII see nave about
S50,oo0 United states and city bonds II
might be advisab bic to sell and retrvest.
Have about ten to twenty thousan nd yearly
70 invest and would like YOU TO give me a
line OF Investment fer person n my posi-
tion. ono thousand American Telephone
and Telegraph 4l2s conyeetible l.oOo
$3.50; 900 New York Central per
cent cen cenyertinIs ,,on, Slee9; 1000 Er%
"A convertible. 1856; 1000 Chicago. Mil
wsulNee & s., PAU per cent conyertibie; doo
Atlantic Fruit per cent. S64c 1000 Cen
eral Asphalt per cent. secs ,ooo Cuban
4 & e, $3.50; 1850 United states AS
a par. Z, 200 United states third u at par.
1900 United states third 4As ct par. 600
United States 8 Aas At par S13.200 Victory
a24s at par. 10 standard Oil Of New Jersey
common, s7,7lo: 10 standard Oil of New
Jersey preferred, $1,000: 10 Standard Oh
of New York, S3,795; 20 Pacific on. rights.
etc; 90 American Telephone and 1ec
Gen shares stock div!dend>, 10 United
States Steel preferred, $625; United States
Steel common. $500; 10 Corn Products pre-
lerrad. s7sc 10 American iocomotive pre-
can Sugar preferred. so97; 10 Atlantic
Truit. SO; % No.,hesn ra9,tie. sl.s0lo;
Raiiroad. ss,a7o, 40 Atchison. Topeka &
santa re- s27oo; 10 New York. Ontario &
Western, s3So; 10 New York Central $3.50;
% southern Pacific. SLIGO: 10 Chesepeal<c
& Ohio, $50; 10 Er.e. $3.50; 10 Union Pa
cific, S1.l4o; 10 Norfolk d Western; $1,000;
10 Louisville q Nashville S1.lou.--S ;, ".
Answer-~We suggest that YOU con-
vert your American Telephone and
Telegraph bonds and hold the stock
as al investment. We think you
can greatly strengthen your invest
ment position by substituting sccuri-
ties OF higher degree Of safety for
your Erie convertible, Baltimore &
Ohio convertible, Chicago, Milwaukee
& St Paul convertible, Baltimore
Ohio. Toledo and Cincinnati division:
your Pacific Oh. Northern PncificGrea
Northern, Pennsylvania and Erie stock
and Atlantic Fruit Is Al present 6
pol' cent is about all you can get IN
high grade bonds. and you cannot get
Is much as this in the very highest
grade On the other hand, you can get
tax-exempt bonds that yield between
AZ and ) per cent, which carry as hign
Il degree Of safety as the highest grade
CORPORATION bonds, legal Tor investment
OF trustees funds in New York State.
We suggest Federal Land Ba1k 5s, due
l941. Yielding about 4.15 per cent at
current market prices; Philippine
Islands public improvement o1as, due
1871. at Il price to yield j ycr cent;
San Francisco water KS, due 1927,
to yield about 4,90 per cent; War
rem, Ohio. 5s. due 1914, OPTIONAL 1882,
to yield 40 per cent; Los Angeles
school district 5 rs, due 1853, optional
l947. to yield 400 per cent; Cook
County, M. forest reserve district
$50 per cent Joint Stock Land Bank
of Salina 512s, to yield SO per cent;
Kansas City, Kan, general improve
ment 4lss, to yield 4.6o per cent. You
understand that in holding the stocks
which we have not specifically men,
toned you are specializing. in regard
to the common stocks especially, in
that income is dependent on earnings.
However. with d list such as yours and
Tor man in your position, in our opin-
ion, you are justified in continuing to
we have named. In regard to Cuban
American sugar you will have to de-
eide for yourself whether you want to
hold this as q speculation until the
situation as regards sugar improves. as
it will, of course, in the long run, or
to sell it now. By selling the bonds
and stocks that we have named you
will be taking loss, which you can
subtract from your taxable income, and
on the whole we think you will be put
ting yourself in stronger investment
nnSi4io,a