Judge — July 15, 1922 — page 31: what you’re looking at

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

is determined by the prosperity of the community and the amount of taxes that can be rai Z., Dover, N. J.: According to brokerage Practice your broker had no right to charge you an advance com- mission of $25. It was his business to sell the stock and to take his commission out of the proceeds. W., Dartos, O.: The B. F. Goodrich Co. suffered severely in 1921. The company is now doing better, but it is paying no di nds on common, and the stock is, therefore, only a pe lation. The McIntyre-Porcupine Mines is one of the richest fold p Propet in Canada. It has been paying fair div ‘The last quarterly dividend i have note of was 5 per cent. on par ($1) in January, 1021 a reorganization of an unsuccessful, concern ant it ‘ieems to be following in the footsteps of its predecessor. H., Ricurreip Spri Y.: Both American To- short term notes and Armour & Co. short term notes are well regarded, each selling at a premium, but Armour & Co. notes have a longer time to run and are therefore more desirable. Among the strong automobi companies are General Motors, Studebaker, W Motors, and Chandler. General Motors common paying a dividend and is in the speculative cla: possible that the company will resume stock in time. Its other issues are good D., Fort Steracoom, W War savings certifi- cates are of course absolutely safe and entitled to, the highest rating so far as safety is concerned. British Columbia 6s, Sinclair Oil 7s, Dutch East Indies 6s, and Pacific Tel. & Tel. 5s are all reasonably safe, without be- ing in the strictly gilt-edged class. Canadian Northern 4s and Ste raud Trunk 4s are probably secure enough, are so many com) fications in. the Caniiant railway, situation that I would prefer the bonds of an American road Union Pacific, or Atchison. A bacon me should put his savings into sound issues. It would be safer for him to buy gilt-edged bonds, but these are now making only moderate returns. Here are some bonds that are well regarded and that are making excellent. returns on market price: Bell Telephone of Pa. 7s, Empire Gas & Fuel 714s, Great Northern gen. 7s, International Mercantile Marine 6s, Mexican Petroleum 8s, Missouri Pacific Ist 6s, Montana Power 5s, North- western Bell Telephone 7s, Standard Oil of California deb 7s, Toledo Edison Ist All these are listed on the and have a ready market. lude Union Pacific common, Southern Pacific, nh New York Central. These are among the best of the railroad issues. pila Pumapecrnta, Pa.: N. Y. Central, Southern ic, Standard Gas & Electric pfd., Cities Service pfd., Piindciphte Electric common, Eastman K , AN Bethlehem Steel common all have merit and are dividend pavers, but what their immediate future price movements will be nobody can foretell. O. common has had a considerable advance this y ar, probably discounting rospects of a dividend. her good stock to buy is eee Pacifie common. On stiff recessions almost any stocks would be an at- a dividend ape and seems to have possibil a ringfield common has not resumed paym: and until it does it will be in the speculative class. "The stock has recovered considerably in price of late and it may be that a possible dividend has been discounted. San Dreco, Cat.: Of course bad times in Cuba would affect more or less adversely securities of all cl of Cuban enterprises. But the island is rich in resources and should eventually prosper again. I would not sell Cuban R. R. or Cuban Telephone bonds at a loss, for interest aap will probably be maintained. The Paris and Lyons bonds are fairly good purchases, as are the French railroad’s bonds. investment in domestic secu more desirable. Y., Bon Air, Tewn.: Valley and Pennsylvani better held than sold Er za irst_ preferred, Baltimore & © Central Leather er, and St. Louis South- western, non-dividend payers, are in the speculative class and if you could dispose of them without loss it would be You cannot do that at present, but all the stocks: in your list will probably sell hij autumn, if not earlier. ‘The recent fall in prices was rather in the nature of what they call in Wall Street “a healthy reacti and not precisely a slump. Inter- national Mercantile Marine prefers selling now much under its high for this year. It unfavorable report of earnings for 1921 and because there is no Ekeltos that any part of the arrears in dividends will be paid this year. The earnings last year were about 10 per cent. on preferred. Business was poor dur- ing the first half of 1922, but prospects are for improve- ment. It is believed that the preferred interest will be earned between now and January 1. The. stock is a fair business man’s investment. Should it go lower it will be still more inviting. New York, July 8, Toe, tractive purchase. jut it seems to me that ies would be safer and io, Lehigh rs and are her next Free Booklets for Investors ‘The New York Stock Exchange house of James M. Leopold & Co., 7 Wall Street, New York, established in 1884, has issued a partial Dayment booklet describing easy methods of purchasing food stocks and bonds on convenient terms. The booklet may be obtained by writing to the firm for L-4. J. S. Bache & Co., 42 Broadway, New York City, members of the New York Stock Exchange, will send to business men for months without charge a copy of the widely known Bache Review, which weekly sum- marizes the business and financial situation. This is cone of the best publications of its kind. A GREAT INSTITUTION'S EMBLEM ‘The New York Stock Exchange is the greatest financial organization in America, and is second in importance, influence, and reputation to no exchange in the world. Its membership includes men of standing, character and responsibility. No of business men anywhere averages better in probity, reliability and solid worth. Besides in- sisting on members of fine quality the Exchange exercises strict supervision over their dealings. Thus, to be a member of the New York Stock Exchange, is in itself a sign of trustworthiness and ment fact is sometimes used by unscrupulous parties to the detriment of the Exchange's good name. Certain outside brokers have been falsely claiming to be connected with the big Exchange. They have done this because they wish to trade on its repute, knowing that the intelligent public has a big respect for this famous institution and is more inclined to deal with its units than with in- dependent brokers. The officials of the Exchange are working to improve it in every feasible way. They have doing some salutary housecleaning and have adopted additional regulations for the protection and benefit of security buyers. One step in this direction has been the adoption of an emblem which is copyrighted and which none but Stock Exchange members can legally use. This (as shown in the accompanying cut) consists of a picture of the New York Stock Exchange building surrounded by the words “New York Stock Exchange Members.” When this device is found in advertisements or on letterheads, investors will know that the brokers employing it are among the soundest and most honorable dealers in securities. It is an excellent expedient. We hope that it will be generally utilized by the members of the New York Stock Exchange, not only for their own credit, but also as a safeguard to thousands of investors who want to deal only with honest and reliable brokers. T. Ww. Opportunities offered by the use of puts and calls in the stock market are clearly set forth in booklet L, which will be mailed to any. icant by William H. Herbst, 20 Broad Street, New York City. The first mortgage investment house of George M. Forman & Co., Department 24, 105 W. Monroe Street, h has been for more than thirty-seven nd in whose bonds more than thirty \ddress a gopy of its interest; ‘How to Select Safe Bonds.” tunity. known distributors L. Miller & Co., ing and worth-while booklet, Investors should look into this op} Those enterprising and nationally of first mortgage real estate bonds G Inc., 112 Hurt Bldg., Atlanta, Ga., hav ued a number ‘of really readable stories that conservative investors might well desire to peruse. The latest of the Miller stories is “Two Men and Their Money.” It tells how two business men in the same town, and who were pros- perous, invested their surplus funds. One put his money ite fluctuating securities and another into non-fluctuating ssucs. It relates how one man eventually suffered loss while the other added solidly to his fortune. The story aims to convey a valuable lesson to every investor, ae or small. Miller & Co. are handling bonds in the de- nominations of $100, $500 and $1,000, which yield 7 per cent. to 714 per cent. Partial payment accounts are invited by the ire, and it will send the story above out- lined without charge to ay ateesied investor. The Federal Bond Company, Federal Bond & Mortgage Bldg., Detroit, trait Mich states that it selects only 10 per cent. of the loan offers made to it. The company’s 7 = cent. bonds are therefore based on carefully chosen first. mort ‘on real estate. The bonds are widely known as Better Bonds. Investors will find it to their advantage to write to the company for its new booklet 6-L, which tells all about the issues the company deals in, 29 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 available 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 De- partment of Lesiiz’s WEEKLY will furnish readers with un- biased, expert advice free of charge. Use the coupon below, filling out all of the blanks in order that we may advise you thoroughly. COUPON Motor Department, Judge LestiE-JupGE Co. 627 West 43d St. New York City I am considering the purchase of a car to cost about $..... and am especially interested in one of the .. . (make) ve eeees (type) My segiliremsnis for a car are as follows: Capacity..... ae Type of body Driven and cared for by Kind of roads over which car would be used.......... I have owned other cars of the followin INGRESS ia 2858 Kaa Sie Hi sie aa The following cars pak approxi- mately the type in which I am interested are handled by dealers in my territory "Please advise me as to the « car best suited to my requirements. comicbooks.com