Judge — July 22, 1922 — page 31: what you’re looking at

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

© Underwood & Underwood Brown Brothers GEORGE F. BAKER The noted New York banker, j Chairman of the Board of | Directors of the First National ‘Company, Bank, who has given millions merger with of dollars for educational and | benevolent purposes, and wnose latest important bene- faction was $1,000,000 to the ‘Metropolitan Museum of Art in New York. WILLIAM E. COREY Chairman of the Board of the Midvale Steel & Ordnance rh posed th the Republic Tron & Steel ‘and Yalan has been eagerly discussed i New York's financial district. Mr. Corey was formerly presi- dent of the United ft Steel Corporation. © Underwood & Underwood FRANK A. VANDERLIP ‘The widely known banker and capitalist, formerly President of the National City Bank of New York, who was in Genoa Steel at the time of the Inter- in national Economic Conference and whose views on the Euro- pean financial and economic situation have attracted wide attention. tates The sed merger has aroused a demand for Govern- ment interference, but it is doubtful if there will be an; The case of the Lehigh Valley Railroad awaits Govert ment decision in the case of Readia The Lehigh segre- gation plan was objected to by the Attorney-General and it may have to be amended. — Of course the effect on the Lehigh stockholders cannot be definitely known until a plan indorsed by the Government is settled upon, but it robably will not work injury to stockholders. The sland Oil & Transport stockholders’ protective com- mittee is planning a reorganization ‘and a suit for fore- closure has been filed in behalf of holders of the gold notes. K., Warcnoss, Ga: Recent disclosures about the rather slipshod financial methods of certain South American governments and municipalities have tended to modify conservative opinion of their bonds, The issues are doubtless safe, but can no longer be classed with siretly gilt-edged obligations. The bonds you hold are all Hie to be cared for at maturity, Stati gilt- edged bonds are no longer y so high as 6 per ceat- and 7 per cent., but there are ids that make that return, The gilt-edgers include the first mortgage issues of the leading railways, Union Pacific, Atchison, Southern Pacific, New York Central, similar issues of leading dustrial organizations, like American Tel. & Tel., Steel, Bethlehem Steel, U.S, Rubber, and like bonds at public utili ., Montcomery, W. International Mercantile Marine preferred would be a good stock to buy with the proceeds of your y bonds. A safer proposition would be Mercantile Marine 6 per cent. bonds, which may be had at several points below par. The reorganized American Motors Corp. has not a certain future and the debenture stock is more of a speculation than an invest- ine ment. The Revere Oil Co.'s offer to exchange its stock for Motex stock on payment of twenty-five cents a share appears uninviting, Revere stock is quoted by a New York broker at twelve cents bid, sixteen cents asked. M., Ciirron Force, Va.: Cuban American = sue a was incorporated in 1906 as a holdin ing company. It holds the entire capital stock and bonds of nine sugar producing companies. The combined properties com- prise over 473,000,000 acres of land, six sugar factori two refineries, vessels, railroads, ete. The capital stoc outstanding is $10,000,000 common, and $7,819,800 pre- ferred. Par of common $10, of preferred $100. The ood dividends on both classes of company for years paid gc stock, but owing to the depression in the sugar industry ceased making returns to stockholders, It has a funded debt of $10,000,000. It is proposed to merge this com- pany with National Sugar Refining Company, Citban Cane Sugar Corp. was incorporated in 1915 and equired more than a dozen sugar-producing estates Ciba, ‘The holdings comprise over 600,000 acres of cane land, besides sugar mills, railways, and other proper- ties. Capital stock outstan 500,000 shares of common and $50,000,000 of preferred.’ The comm: has no par value and the preferred is 7 per cent. cum lative, par $100. For several years dividends were pa on preter erred, but these were suspended during the time of . and no dividends have been paid on com- mon. ‘The funded debt of the company is $25,000,000 ten-year 7 per cent. convertible debentures. ‘The sugar industry in Cuba is to some extent recovering from its unfavorable condition. ‘The Columbia Graphophone Co. was incorporated in 1917, Capital stock outstandin, is over 1,200,000 sl of common, no par value, an $9,893,000 7 per cent. cum., preferred, par $100. "The company formerly paid dividends on both classes of stocks but got into financial difficulties and had to suspend pay- ments. Now, on the strength of the fact that it is to manufacture radio apparatus, its position has been bet- tered and the stock has had some advance from the low point. W., Brooxury, N. Y.: I have had no advices regard- ing the Hardshell’ Mine since 1919, when a shaft had been sunk to a depth of 400 feet. There was an ore body, but not a particularly rich one. The stock is quoted on the curb at sixteen cents, ‘That shor vhat sli i tion it is held. The Turman Oil and its stock is quoted somewhat abo cap oil stock. gu company le States rp. ‘The Mother Lode Coalition Mines Co. body of copper ore in Alaska, It is one of the cheapest producers of copper in the world. | It lad 4 good year in 1021 and it has begu lends at the rate of $1 per year. ‘The stock is an alice specu- lative purchase. Ray Hercules Copper can point only to an unsuccessful history and its outlook is still highly ulative. ‘The International Petroleum Company Id some day be a good dividend payer. At present manages to dispense only about twenty-five cents a Year to stockholders. It the Standard Oil Group. The Boston & Wyoming Oil Co. has practi been absorbed by the Mutual Oil Co., and there is no present indication of returns to stockholders. ‘The Livingston Petroleum Corp. and the Simms Petroleum Co. have large holdings and may in time work out a profit for stockholders. But they are paying nothing at present. T would prefer Middle States Od, paying $120 alyear. New Yoak, July 15, 1922. Free Booklets for Investors yalamgs M: Leopold & Company, members of the New York Stock’ Exchange, established in 1884, recommend their partial pay; the best way to buy good : get a full explana- |, write to the firm for its free book- par. Itis a good controlled by the Persons interested in business and finance will find the reading of ne e widely known Bache Review useful and pleasant. It gives information of value and suggestions that are sount ‘opies sent to business men for three months without charge by J. 5. Bache & Company, mem- bers of the New York Stock Exchange, 42 Broadway, New York. “The first mortgage investment house of George M. For- man & Company, partment 24, 105 W. Monroe Street, Chicago, IIL, has the honorable’ record ‘of having been thirty-seven years in business without loss to any cus- More than thirty insurance and investment Forman securit ‘The firm to any address its interesting bool “How to s ae Bonds,” which points the way to’ sound in- ¥ William H. Herbst, 20 Broad Street, New York, sends to any applicant his booklet L which explains the opera- tion of puts and calls and the opportu they offer in the stock market. tomer. 8, Dunham & Company, 43 Exchange Place, New York, to interested will supp! “Twenty utmost “working value out an Current,” a financial weekly designed to aid Ask for 188DD. G. L. Miller & Company, Inc., 112 Hurt Bldg. Ga,, deal in first mortgage reul estate bonds based on valuable income-producing property and yielding 7 per cent to 74 per cent. ‘The bonds are in denominations of $100, $500 and $1,000. Interest is paid twice yearly and they may be obtained on the partial payment plan. Write to Miller & Company for their very interesting booklet, “T'wo Men and ‘Their Mon ‘The care taken by the Federal Bond & Mortgage Com- pany, Federal Bond & Mortgage Bldg., Detroit, Mich., to safeguard investors in their 7 per cent. bonds is shown, by the fact that the company accepts only about 10 per cent. of the loans offered it. ‘These issues are known as Better Bonds and have been bought in all parts of the country. Federal Bonds are fully described in new booklet 61, which this company will send to any address, 29 westors their new booklet, also “The 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 Forman Inyestments | bare. sound years, They ield: ratecon- 5 Ee arya oattention by t ythe cipan Tavertioent build yourincome is intereati rai foingarbose Iet “How to Select Saf Lanne ror free Cop witty tear out this ad and mall to os your paths GEORGE M. FORMAN & CO. First 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- cial situation. It focuses and interprets currents of to-day and indicates their trend. ‘nt to business men for three months, without charge, J. S. BACHE & CO. 42 Broadway New York City THE STOCK MARKET offers splendid opportunities with Puts and Calls. Hand- U. 8, Steel, Baldwin and many other stocks. Write for booklet L, which explains how Puts and Calls operate. WILLIAM H. 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