Question—I have been considering purchase of Goodyear Tire preferred, Canadian General Electric preferred, and Canada Steamships preferred. These are all large and leading industries, and it seems to me that the preferred stocks ought to be sound investment. What is your opinion?— A. L., Montreal.
Answer—Roth Goodyear Tire preferred and Canadian General Electric ! preferred are high grade investments, and would be suitable for your purpose. I would eliminate Canada Steamships preferred, as the earnings of this company have suffered during the present depression and the dividend seems to be in some danger. I would suggest that you make a contact with a sound investment bankinghouse, and outline your financial position and requirements to them. They will be in a position to make other recommendations.
Question — I am considering buying some stack in the Ontario Fur and Auction Limited. What is your opinion of this security as an investment? — Miss J.L., Toronto.
Answer I regard the shares of the Ontario Fur and Auction Ltd., as quite speculative, and not suited to the investor who cannot afford to assume a high degree of speculative risk.
Question As a subscriber to MacLean's I am taking the liberty of asking you if you mould be good enough to give, me what information you can regarding the Reindeer Finance Company, head office, Vancouver. I hare some stacks in this concern, partly paid far, and before making any further payments would like to know something further about them.—W.S.L., Regina.
Answer The Dominion Reindeer Co. purposes raising reindeer for sale in markets now supplied with beef and other meat. The stock at this time cannot be considered an investment. The company has no record of earnings, and while it. will be hoped that the production of reindeer for meat will be successful, there is no guarantee of this. We would class the stock at this time as a speculation not greatly attractive.
Question l hare been considering British Columbia Power Corporation, class “A" stock as a long term investment. 1 would appreciate your comments and advire. ( M i s s ) R. A . M., Ne w H e s t -minster.
Answer The British Columbia Power Corporation is a leading utility in a growing territory and its future progress seems assured. Class “A” stock is paying dividends at the rate of fifty cents per
share per quarter. During the past year, the company earned at the rate of $2.63 on each Class “A” share outstanding, thus showing a fair margin over dividends. The company plans large expenditures over the next decade and Hydro-Electric plants under construction will add largely to its present output. The long term prospects appear promising, although current market unsettlement may retard the market action of the stock for a little longer.
The story you want is part of the Maclean’s Archives. To access it, log in here or sign up for your free 30-day trial.
Experience anything and everything Maclean's has ever published — over 3,500 issues and 150,000 articles, images and advertisements — since 1905. Browse on your own, or explore our curated collections and timely recommendations.WATCH THIS VIDEO for highlights of everything the Maclean's Archives has to offer.