Picking Public Utility Stocks.

The article discusses investing in U.S. public utility stocks. It suggests that the first test in selecting public utility stocks is the ability of the utility company to satisfy the public through efficient operation and the supplying of good service, as well as observes that the danger of effective agitation for U.S. government operation has faded. It also elaborates on various types of securities, including holding company securities, preferred stocks, convertible stocks, and common stocks.