The Investors' Review, Vol. 30 : July 6 to Dec. 28, 1907 (Classic Reprint)
The Investors' Review, Vol. 30 : July 6 to Dec. 28, 1907 (Classic Reprint)
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Author(s): Wilson, A. J.
ISBN No.: 9780267517008
Pages: 804
Year: 201803
Format: Trade Cloth (Hard Cover)
Price: $ 55.86
Dispatch delay: Dispatched between 7 to 15 days
Status: Available

Excerpt from The Investors' Review, Vol. 30: July 6 to Dec. 28, 1907Metropolitan District 4 per Cent. Rent Charge Stock. - This stock is also now very much reduced in price. It has been as high as and is now at or very near the lowest figure ever touched. As the interest is guaranteed by the Midland Railway, which pays a rent sufficient to give the stock 4 per cent., it is an investment that stands altogether clear of the fate and fortunes of the District Railway itself.


London and India Docks C Debenture Stock. There is about ordinary and preference stocks behind this debenture issue, but it is a non' cumulative stock, or at any rate holders cannot claim back dividends unless a surplus remain after paying interest on all the debenture stocks of the company, as well as the dividends on the A and B preference stocks. There is thus a risk in it, but not a great risk, and we think the stock cheap at the price given.Gold Coast 35 per Cent. Inscribed Stock at 84 seems also an excellent investment, although the stock has no other security than the revenues of the colony. These, however, are growing, and the railway is obtaining a considerable and increasing traffic, so that the security should be ample. It is only the present state of markets which keeps the price down. It was issued at 91 in March, 1902, and is a trustee stock.


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