Judge — November 25, 1922 — page 31: what you’re looking at

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

an he al culture estimates that the farmers will billion and a quarter dollars mc for manufactured goods this in 1921, That should be of nsiderable benefit to a host of factories commercial concerns. As a natural consequence of the improving state of affairs, nent has signally de- clined, y ailures for October were fewer than in the same month last year. In fact, the situation is in cheering contrast with that of twelv nths: It would have been more satisfactory but for the coal miners and railroad men’s which seriously interrupted the ents of business. Doubtless the recent political campaign and the possi- bility that it might presage a coming change in Government control somewhat affected industrial, commercial and finan- cial conditions. The Turkish trouble, the shakiness of Germany and the politi- cal commotion in Great Britain had a n adverse influence. LL these events remind us that if the DY nations could only be persuaded to go along steadfastly and reasonably at all times they would prosper materially tu a much greater extent. Judge Gary not long ago addressing the Iron and Steel Institut ely remarker f the natural course of business had not been interrupted we would now be enjoying suceess and prosperity in our industry greater than ever be so far as volume is concerned. . . . . All that is necessa for prosperity in the United States is the itimate utilization of our stupendous resources... . The fault’ for lack atinual prosperity in a mes be laid at our own doors.” But while thus recognizing that some things had amiss, the head of the United States Stecl Corporation was strongly and justly optimistic. The recent weakness in the securities arket was in the nature of are convalescence is without setba but the patient’ may fully recover in spite of them, The ‘revival of business above indicated was apparently dis- counted too fast and too far on the stock exchanges. But as the business rises, which it bids fair todo, we pect to see firmer prices for the most desir- able issues. Answers to Inquiries M., Foxn ov Lac, Wes: Nearly all the copper stocks have had a fair advance in the past few maths and thy are not suc lations as they were. Pers Mother begun dends and which is believed to haw Mexican Sealoard Oil Company was whether it eas per year evnflic ally, but a stock ite present price if the ret: W., Praxnronr, N.Y of 1985 ore casipenent trust certificates, secured 1,000 all 1 coal and ore cars. The ppany seems to be re- raing them pretty rapicdl dthey are reas y safe, Diamond Match Co. 734s are ameng the be seurities. You need not hesitate to purchase them, J., Preraacran, Pa: The Utah Securities Corpor. ation stock's vance from #13 to @21 was not a great we for a perind of four years. Many other issues did far better. There seems to be a moderate improvement under way in h Securities. Earnings lately have Leen a trifle larger, but not sufficiently so to make the anized in 1919, its dividend rate stock attractive. The corpration sold preferred stock in one uf its subsidiaries to raise money to redeean all its ng funded debt. This is a point in its favor But the stock is still tev speculative to be really desirable. Dividend. payers are still the best. purchases, even for speculation. Southern Pacific appears to have some distance upward yet to go. Low priced dividend payers that are preferable to Utah Securities are Amencan La France paying #1, Wright Aerucautical $1, Hudsoo The Chase National Bank of on par, $100, At 8345 per high for the retura. 1 share, therefore, the stock cannot foresce the price of the AND, Mine t he would not at least enc "t know anytendy Id a house for money for a sma al payment Saxv Sraivos, Ota: The Paxtang no interest since 1914. 1 ‘The proposed of California aber 5. The k of rend December 9. The rernment has a claien of $6,000,000 for alleged unfilled war contracts against the Lincula Motors Co, Henry 5 nf in the matter, as be simply bought the property of the company at furrelasure sale. S. Curveravo, O: Bay State Gas stock i yted in Boston at Se bid, Ze asked. [have no quotation on ‘Telegraphone shares. I have seen no wention of them for several years, and I presume they are of no value. B, Fatuyex, Cats American” Druggists Syndicate formerly paid dividends, but has not yet resumed thew, Encouraging reports of earnings were lately given out and the stock made something of an advance, ‘There are hy present indications of a dividend, » Converse, O: W, & E. common is highly speculative with btthe mmend it, Mary- land stock is also high! proved earnings and merger of the company with railroad organization lately kent a bitte more attraction to the shares, pets EANNELTON, Isp: “The reorganized Midwest any Letter then the old compan: 5, Guano Istaxo, Ne sales for nine months end for the same period than 86,000,000. "‘The progress, but the shares s year than at present. ‘The co war statement indicates that the Arch Consobdation is a highly speculative There is no certainty that oul exists in pay quantities on the concern’s bokdings. The fact cil has been found in adjacent territory prove, that it will be tapped in Sweet Grass ground best dividends are nat likely to be earned so are so many well established dividend paying oil « Ponies that there is no reason for risking money ned concerns, RK. Wacknoas, Tui: The American Steamer Truck Cos reports show that the car manufactured by the be very meritorious but do pot, indicate y has as yet made a success of its busi- be A kaks like a long pull speculation. HL, St, Loves Mow In normal times the bonds of the Paris-Lyons Mediterranean RoR. would seem a fair business man's investment. At present, however, the ns in France are unfavorable,” agi gx are pot liberal. It would be safer foe mwney into the bonds of stocks 1 tisk them on enterprise aheoad. 1 we the 6 per cent. stack of the Swathern Pacific RR. of the 6 per cent. bond Seaboard Air Line RR. than the French road's oumas, Wee: ¥: The exchange of your ’ roleum "preferred for Pan American B stock will increase your dividend decidedly. It is reckoned that the exchange will wuek out ay as to pay 11 per cent. on your investment, instead of 8 per cents ‘The exchange looks ike a guod business man's oppore tanity. New Yous, B, Two Hannows, Mrey. Mexican P November 18, 1982, Free Booklets for Investors ‘The partial payment systen and full bots of of purchasi the New York Stock ork, are supplying to ithout charge copie the very valuable and reliable Harke Review which sutn- ees weekly the business and financial situation. How to Select Safe Bonds” is an interesting booklet ors M. Forman & Company, Department $11, 105 W. Monroe street, Chicas. {IL This firm has Leen in business thirty-seven years without loss to a eus- tomer and i herefore thoroughly qualified to give in- estore. ‘The firm deals in tnnds. that are safe, yet paying an attractive yield ranging as high as 7 per cert. Every investor should write fora copy of this booklet, which will be sent by Forman & C applicant. 29 have a larger funded debt bat a decrease | Public Utility SECURITIES UR COUNSEL AND recommendations to inves- tors are based on many years’ experience in the financing and upbuilding of public utility |/ properties. Intimate and successful association with these industries over a long period affords an authoritative | | equipment for the broad service which we tender, A new edition of our Booklet, “Scope and Service,” is of value to those in- terested in utility securitics, Ask for Booklet BO108 H. M. Byllesby and Ca 208 South La Salle Street, CHICAGO NEW YORK BOSTON M1 Broadway 14 State Se. | IF INTERESTED IN BUSINESS AND FINANCE, keep informed by reading the Bache Review, a ten minute weekly summary of the bu: and finan- ation. It focuses and interprets currents of jicates thei nt to business J. S. BACHE & CO. 42 Broadway New York City | THE STOCK MARKET offers splendid opportunities with Puts and Calls Hand- ‘some profits made out of them the past 18 months, 19 U. 8 Steel, Baldwin and many other stocks Write for booklet L, which explains how Puts and Calls operate. WILLIAM H. HERBST 20 Broad Street New York City Mitchel Field Observer, First Soldier —Can you lend me three dollars? Second Soldier—I will when I get back from town. “When are you coming back?” “Well, just between us, I'm not going ‘"—Geo. A. Hunt, Captain In- antry, Camp Lewis, Wash,