Common Stocks as Long Term Investments |
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Adams Express Co advantage of stocks American Tobacco Co annual Atchison basis to yield bonds 22 Boston capital value cent of purchase commercial paper credit position depreciating diversified common stocks Excess income factors favor fluctuations follows fund gain group of stocks high and low high grade bonds holders Income from bonds income from stocks income return INCOME TEST Income Year Cash Increase in market interest rates investment management issuing companies January largest long term investment market price Market value December ment Milwaukee & St mortgage N. Y. Central original investment Original purchase price period from 1866 preferred stock price of stocks principal value purchasing power railroad real value received reinvestment of surplus represented securities shares shown sound investment stock dividends stock holdings stocks over bonds Supplementary Test surplus income to-day Total advantage Total income Total investment Unfavorable Unfavorable value of bonds Western Union York Stock Exchange