Judge — July 8, 1922 — page 31: what you’re looking at

Machine-transcribed from the original scan — historical spelling and the odd misread are preserved.

Bretzman Kossuth JOHN F. WILD President of the John P. Wild & Co. State Bank of Ind a leader in civic afairs and is proce bentlyidetied ith the Tp. apolis Stock Excha and also Stal ith the VM C. Ae W. Va. is a B. W. PETERSON President of the Dollar, Savings & Vice-president of the First Savings napoli, He is Trust Company Bank of Wheeling, fe bankers of the thriv and has been civie affairs of Wheeling. P. A. DINSMORE Bank of Oakland, Cal. Mr. Di more is widely known in the finan- cial circles of his State and stands very high in the esteem of his home community. the leading Panhandle soon be wiped out. Better keep your money i savings bank, or buy a stock of merit like Penns; Railroad or New York Central, or a first-class real estate rapidly growing hydro-electric enter fast year after payment of fixed cha the dividend on first preferred stock. I would consider the 6 per cent. cumulative first preferred stock a very satis- factory investment. C.. Detrort, Micu.: The Reynolds Spring Co.'s shares have had a very rapid rise recently because of the large orders the company received for manufacturing radio apparatus. On the strength of these the company. has not only declared the usual quarterly dividend of 12; per cent. on preferred A stock, but has also authorized the payment of two years’ accumulated dividends on the preferred B stock. common stock now is in a Prsition to be placed on a dividend basis whenever the directors think that advisable. B., Wat Cure, 1a: Late pews is very favorable tor Mexican Seaboard. “The stock has paid #8 this year and the company is retiring its bonds. The outlook M., Witatxcrox, appears bright. It will be safer to take the profit, but the shares also appear good to hold. M., Hiomtaxo, Iti: Rather than to sell at a loss you had better bold Standard Oit of Indiana common and Standard Oil of Kentucky. ‘The Standard Oil stocks are in the long run very reliable. They may fluctuate pow and then, but they are apt to recover their losses. Don't get scared over a few points variation in quotations. T., New Yons.: The fact that the country was for- meriy your own sbould not allow too much weight in your estimation of the bonds of the new kingdom of Jugo- slavia. They cannot be called a gilt investment. ‘There is a risk in purchasing them, for the kingdom has still to pat itself into a sound and strong economic posi- tion, The immediate issue is only $25,000,000, but the total authorized issue is $100,000,000, The bonds have the attraction of running for forty years, bearing 8 per cent. interest and being pon-callable for fifteen years. Principal and interest are payable in United States gokl coin and the bonds are exempt from taxes in Jugoslavia. The bonds will be a first charge upon the net receipts of the State monopolies (tobacco, cigarette paper, kero- sere, salt, stamp duties, and matches) and customs of the kingdom, and also a first charge on the state rail- roads, which are free from mortgages, The revenues from the above sources in 1921 covered about thirteen times the annual interest on the present issue of bonds. The kingdom's budget for 1922 is expected to balance. If the process of rebabilitation continues these bonds will become a first-class investment. They were offered at a Price to yield about 8.4 per cent. S.. Mapisox, Wis: The new” 6 per cent. first mort- gage bonds of the Chippewa Power Company are a prudent business ma: chase. Federal income tax up to? per cent. will be The bonds are due June 1, 1947, but are on thirty days’ notice on any interest date after June 1, 193%, at 10744, tess one-ha! of 1 per cent. each calendar year thereafter to maturity. The company is constructing a huge hydro-electric generating plant on the Chippewa River, Wis. eleven miles north of the Wissota Dam of the Wisconsin-Minne- sota Light & Power Co. The latter company will operate the new plant under a thirty years’ lease, the rental being nearly two and one-balf times the interest charges on these bonds, The Wisconsin-Minnesota Light & Power Co. is a strong concern, serving forty- nine communities in Western Wisconsin and Eastern jinnesota. ‘The bonds were lately quoted at a price to yield 6.12 per cent. P., Poutrxer, Vr.: It looks safe enough to buy the first mortgage twenty-year 8 per cent. bonds of the Ver- mont & Quebec Power Corporation, The bonds are iwranteed by the Asbestos Corporation of America. hey are due January 1, 1042, The company wil pay the ‘normal Fi income tax up to @ per cent. The bonds are redeemable at 110 and interest on any interest date upon sixty days” notice. corporation owns a complete hydro-electric development near Richford, Vt., and also other valuable water power sites. It serves a number of towns and one of its leading customers is the Asbestos Corporation of America, by which it is con- trolled. ‘The bonds hare been offered at par. H., Bostox, Masn: ‘The bonds of the new nations of Evrope and of their subdivisions have yet to win the ‘of American investors, and so the city of preferable, however, to the Warsaw City bonds which some time ‘ago were ad- vertised widely. The loan is a direct obligation of the city and is secured by a first mortgage on the electri fas and water works, and tramways owned by the cit proceeds of the loan are to be used in constructing additional public works that will yield revenue. bonds are payable in United States gold. The issuing Price was 9234 and accrued interest, assuring a yield of 8.17 per cent. if beld till maturity. M. Punsveurat, Pa: The first refunding mort- eee per cent. sinking fund gold bonds of the Consoli ted Gas, Electric Light & Power Co. of Baltimore are well regarded. ‘The company docs the entire gas, elec- tric light and power business in Baltimore and surround- ing counties, serving a population of 775,000, ‘The net i be year ending April $0, 1922, were more than two and one-quarter times total fixed charges. The company pays liberal dividends on ferred and common stock. The bonds are a investment. Offered at a price to yield over 6.05 per cent. New Yoak, July 1, 1982. Free Booklets for Investors The care with which the Federal Bond & Mortgage Company, Federal Bond & Morteage Bldg. Detrott Mich., selects loans offered to it is shown by the fact that it accepts only 10 per cent. of the offers. The com- pany's 7 per cent. bonds are, therefore, based on the very cream of first mortgages on real estate. Knowledge of such discreet financing cannot fail to increase public confidence in the company's issues, already widely known as Better Bonds. ‘The company reports that its bonds are quickly snapped up by the investing public, who are anxious to secure sound 7 per cent. securities before the inevitable decline in interest rates. Investors will find it to their advantage to write to the company for its new booklet 6L, which tells all about these investment oppor- tunities Why the G. L. Miller Bond & Mortgage Company, 230 Miller Bldg.. Miami, Fla., the oldest first mortgage bond house in the State, can supply first mortgage real estate bonds yielding 8 per cent. is explained in the company’s interesting circular, “Why Miami Invest- ments Pa 1B ber cent.” | Miata is a rapidly growing town, ai on income-producing property there’ bid fair to be in demand for years to come. | The Miller bonds are being bought all over the country. They are in denominations of $100, $500 and $1,000. The company also offers 8 per cent. first mortgages from $1,000 up. It invites partial payment accounts Dunbam & Co., 43 Exchange Place, Y issued a new booklet, “8+ Hours a Day,” telling how it is possible to increase income and profit’ without extra cash of risk, The company also publishes The Curtent, a weekly, which aims to bring success to customers. To ‘obtain copies of these publications write to Dunham & Co. for 133DD. have been buying and selling securities t ‘The concern is in excellent standing, is conservative and has an honorable record. It offers faithful service and it invites correspondence from investors. Business men may obtain from J. S. Bache & Co, members of the New York Stock Exchange, 42 Broadway, New York, copies of the widely known Bache Reriew, which every week summarizes the business and financial situation and interprets the trend of events. james M. Leopold & Co., members of the New York Stock Exchange, 7 Wall Strvet, New York, established in 1884, will send to any address thei free booklet LL explaining the merits of their partial payment plan. Tre net bookiet “How ts Sect Sate Bonds sued by George M. Forman & Co., first mortgage investments, rtment 24, 105 W, Monroe Street, Chicago, is worth reading, as it contains the recommendations of « firm which has been in business thirty-seven years without loss to any customer, 29 PARTIAL PAYMENTS The Best Way to Buy Good Securities on Convenient Terms Send for free Booklet L-4 which explains our plan and terms, James M. Leopold & Co. Established 1884 Members New York Stock Exchange 7 Wall Street New York GEORGE M. FORMAN &CO. Favs Mortgage Investments IF INTERESTED IN BUSINESS AND FINANCE, keep informed by reading the Bache Review, a ten- minute weekly summary of the business and finan- situation. It focuses and interprets currents of to-day and indicates their trend. Sent to business men for three months, without charge. 42 Broadway New York City THE STOCK MARKET Soars scuandia cpporcanities with Puts and Calle Hand. ‘Out of them the past 18 months, 10 GES. Steel, Baldwin and many other stocks, Write’ for booklet L, which explains how Puts aod Calls operate. WILLIAM H. HERBST 20 Broad Street New York City Cars Are Now at Their Lowest Prices It is useless to anticipate further declines in automobile prices; in fact, costs may be increased. Now is the time to buy. There are many excellent values avail- able to the man with $500 or $5000 to invest in an automobile. But the best car made for some conditions may not prove satisfactory under others. The Motor Department of JUDGE will furnish readers with unbiased, expert advice free of charge. Motor Department, Judge LESLIE-JUDGE Co. 627 West 43d St. New York City Comic Art & Caricature Short Cut and Square Deal Por illustrated catalog and testi- monials send 6c in stamps. Address ZIM Dept. R, HORSEHEADS, N. Y. ’ Write your name plainly. comicbooks.com