"The Canadian Westinghouse Company, Ltd., declared its regular quarterly dividend of 1½% and an extra dividend of 1% on its stock, both payable Jan. 10."
11. Explain the following bond quotations:
| Municipal Bonds | ||
| Security | Maturity | Yield per cent about |
| Albany, Ga., 5's | Nov. 1, 1941 | 4.75 |
| King Co., Wash., 4½'s | Nov. 1, 1931 | 4.50 |
Railroad Bonds | ||
Atchison, Topeka, & Santa Fé, | Oct. 1, 1995 | 4.20 |
Louisville and Nashville, unified | Feb. 1, 1946 | 4.35 |
Public Service Corporation Bonds | ||
| New York Telephone Co., 4's | Nov. 1, 1939 | 4.75 |
| Chicago Railways, first mortgage, 5's | Feb. 1, 1927 | 4.99 |
12. Why are the bonds of successful public utility corporations a good investment?
13. Which company do you think would grow faster, a light and power company or a gas company? What effect would the growth or the failure to grow have on the price of the stocks of each?
14. Should a street car company pay part of its earnings to the city?
15. If the population of a city doubled, what effect would there be on the price of public utility stocks?
Exercise 308
Topics for Investigation and Discussion
1. Harnessing our streams to secure electric power.