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Show : oe se lat a 7 a Added Cash, Less Risk stocks, such as Tele- & merican Telephone By Edison, Mobil, dated ‘!Socony Most preferred socks on but officially are When the If the yield on bonds) are buy his appeals column. on |! to you (Editor’s Note: The Tr lishes reports. on wildca’ of special interest only, ae designation of the - ) Oe west Tight line,. hole. 8-1N/ Standard Oil Creek Unit, 3: from south li line, 10-25 -5W. EM Texaco, 660 ft. west Plugged. ar oe Ho} Ae veying Lemm 1, 660 ft west liny . Belco |g, vt. Based on the current. annual 3,289 fit market yields Locatia FIRST Belci on these stocks are: AT&T, North / 1 4.02; Con Edison, 4.76; Socony line, 1E—I Bethlehem Steel, for fi} 5; Mobil, 4.61; Woolworth, 4.03. _ These are not the kind of DeepSt to worry 1,435 you have stocks fom to | fro believe that the dividend pay-. 6ut on some (perhaps all) of them won't be increased in the In/ fro line, » sso f0..4 east line,/ _ enough. is no reason CG Standard Oil Co. Fiatt, Ute Prospe/ 660 ft. from nort And the dividends on those stocks certainly seem safe recent cannot hae aoy | price trends will be higher. percentage answer only repof general interest | He answer inquiries. phone now own, even though their market prices have fluctuated in the past and will continue to do so. In the long-run their — of some, Fixed-income secul in But Mihere’ s really no cause a (in dividends Mr. Doyle will resentative letters '¥o ‘worry about the stocks you future. raising should be purchased for straight ities yield and yield alone. The same. thing can the said about many other good ‘preferred stocks. ®bout. There of preferred stocks or in injeresia income yield ing a higher common of the most than stocks you now own. and costs money (interest rates) rise, it is natural that the market. prices of fixed-income secur-| stocks. the _——— A. You can wait. But, like most beginners who try to outguess the money market, you'll probably guess wrong, The preferred stocks you {mention are Selling at prices ‘l/which result in their return-| prices, | I invest in preferreds? _|and fall than the prices of com- dividends “capital” I wait for this to happen before e The market prices of high=| quality straight preferred “\ stocks are less likely to rise | not stocks || stocks. Q. I have been told that interest rates are likely to go higher and this will result in lower market prices for bonds land preferred stocks. Should : preferred stocks do not change. ~1mon of the are own as common. securities. | “l'Phe® “dividends some now ities already in the hands is the public will fall. answer the 1,{and less risk, | plainty yes. way, you classified 5 mo ‘|Bethlehem Steel ‘land Woolworth. I will retire soon and will not. be in as close touch with the stock market as Iam . | now... I am thinking Mr. Doyle about selling the stocks I now own and putting my money in high-grade preferred stocks such as Consolidated Edison, U.S. Steel, which ,|pay about 5 per cent. Do you ._|think this is a good idea? A. If your aims, after re‘tirement, will be a higher cash return than you now receive fixed-income the stocks fly _ Consoli- NM but blue- Q. I own nothing r chip common So, don’t rush blindly ahead with your plan to unload all those stocks. | | Hose. agp a * ‘By William ~* 7 | |- |
