INDUSTRIAL DEBENTURE YIELDS While speculative demand on the Stock Exchange
is practically non-existent, a modest inquiry for fixed-interest securities from investors seeking income with safety of capital is helping to keep the machinery of the markets turning. In fact, one or two firms of dealers have recently done a larger business in industrial debentures and preferences than in ordinary shares. Here is a group of debentures which should meet the needs of those looking for rather more than can be• obtained from gilt-edged stocks, but who are not prepared to move outside the field of safety-first investments :— No. of Times Interest Current Yield.
Covered. Price.
British Cotton Wool Dyers 4 P-c-
too Debenture Patons& 13aldwin's 4 p,c. Stewarts & Lloyds 4 p.c. ..
•
L.M.S. 4 P.c.. • • '
• • • •
41
24 to
3
95 102 • 103} rot
£4 4 3
3186
3176 319 o An investment spread evenly over these four stocks would yield roughly 4 per cent., a satisfactory return measured in relation to the strong security of both capital and income.
Earnings prospects of all four companies are promising, and the two last-named at least should show a marked improvement this year over 1936, thereby strengthening the cover behind the interest.
Previous page
