New-York tribune., 1922-04-24
High Yielding Foreign Bond.

Question: wish YOU would cast YOUR
q am not totlnr, have the hlEhcst opin-
.on ot Nonr advice have one Gn co7n.
cnses two> each Of tho hest pe-- ceut
ss should be excepted. alao haVe oue
or moro OF each If the following: lap
enese ains. British Victory A. Chinese Coz
ernmcnt Haiiway = CIty % Copenhasei
6ias. Dominion OF Canada 5'7r and one or
more each OF ths following Chicago Cos
Light and Coke, Montana Power. ST. Paul
convertible 5s, Hudson 4, Manhattan ss
Hass9ust n Pac!hc =: Nsw York Central So,
s. pa S,sc 9' "Hs'cns'tsr L.ght 30
ern Illinois 6s, BrooN.Nn pid 1ransit 70
should especially like 10 know some
ommend any revision OF the above i.t,
What arc the chances OF the z. r. 7.
resuming payment? when did the Chi
caEo q Eastern Illinois resume payment.
Can you TIL me when tho Bucyrus Com
pany preferred dividends are payable
a., ATe they R sood investrnent' What is tho
position OF the Hudson Company Ia their
preferred stock within ha!ling distance OF
dividends? l should Ike to have half nay
investments In Gilt-edge stun and half in
what what you ga Gall "a business mans invest
ments for "hen ,aa eGmsde5lns safe invest.
opinion of building loans? Are they gen
eTal!y very safe and good? Can YOU toll
and Loan Associationr ] hope ] have nor
asked too many questions. but you can't
De Nentor tor nothing. Almost without
exception the market value Of each OF the
securities that have mentioned above Is
several points higher thar when / bought
-hiea K. A. r.
Answer-The foreign bonds specih-
cally mentioned in your list are good
investments, in our opinion, except pos
slbly the Chinese Railway IS. They,
however, have their attractive features
and are not bad security for a bust
ness man to hold. Does the maturity
date of the Canadian 8 las, 1929. sult
you? If not, the United Kingdom 61s.
due eight years later, would be good
exchange. In your second list you have
some excellent securities and others
not so good. We do not believe that
even the list of a business man (or
woman can afford to carry such a
largo aggregate Of st. Paul, Chicago l.
Eastern Illinois and Brooklyn Rapid
Transit bonds unless the list i. much
larger than yours. Why not dispose OF
at least two Of these bonds and make
member that your s per cent foreign
bonds bring up the average yield to
a rather high point. Out in your
town. whore the authorities are quite
liberal with traction fares, YOU can
hardly appreciate the uncertainties in
the greater New York transit situation.
But to our mind the immediate out
look for Brooklyn Rapid Transit - il
very uncertain. Interest on the
Chicago e. EASTERN Illinois 5s be-
gan to accrue, under the reorganiza-
tion plan, May ], 1921. The Bucyru.
preferred dividend is payable April I.
This stock is also business mans
investment. American Safety Razor
stock is subject to the whims Of specu-
lative pools in Wall Street The pros
pect of this stock becoming a dividend
payer is not particularly bright at the
present time. The Hudson & Manhattan
Company is in better condition now
than it has been in several years. We
are inclined TO doubt whether the pre-
ferred stock will come in for q dividend
IN the near future. The company has
still per cent Of back interest on the
adjustment income bonds to pay.
Building and loan associations furnish
good medium for small savings, e.pe-
claliy in states where they are under
strict banking supervision. Mere age
IN an association means something. II
is contrary to our custom to pas. iudg-
ment on any particular association.
Your questions are not too numerous
because they are ali ssnsibs.