Judge — January 13, 1923 — page 31: what you’re looking at

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

well-being of transportation line now plainly seen to be a powerful help to busi- ness in general, and efforts to wreck the great railroad industry, now slowly re- covering from years of mistreatment, cannot succeed. HILE it may be too much to expect from this or the following Congress any real constructive legislation, business will be quite content if nothing disastrous is enacted. With even only that nega tive assistance the growth of trade must be for the most part continuous, and though no boom may occur, the moderate gains will amount to a fairly gate. Of course, this provision is ject to change in case of unexpected good or evil happenings of far-reaching effect. ‘The progress of business is the leading string of the securities market. goes, so will the other. Hence unforeseen takes place, quotations on th exchanges should reach higher levels in the course of the r. There may be no runaway movement, though some for special reasons—greatly i earnings, or manipulation—may have more marked advances. Mere specula- tion will hardly be advisable, but the purchase of sound investment securities should be a safe procedure. Answers to Inquiries J.,, St. Cuantes, Mo: The Boston & Maine Rail- road’s earnings this year have shown a marked improv ment and there is talk of resumption of preferred div dends. ‘The recently issued bonds of the road are the n and worth holdin, per cent. cumulative first pre- : ny is an excellent . Hanna C Hanna & Company sales agents 15,0 J., Syaacus Company 15-year 613 per cent. offer an attractive investment ton Co. was established in 183 It manufactures ranges, stov tus, It is a leader of 215 rest requirements. ‘The offered at par, B., Cixctwxatt, O.: The Republic Motor Truck Cou pany has paid no dividend on preferred stock since , and none on common since May, 1919. defaulted on payment of $500,000 7 per aturing Nove t con- s of the compa The Richardso and incorpor: J other heating appara- arnings are at the rate times bonds were J towns in twenty- n of more than 500,000. bonds will be secured by bonds of subsidiaries in excess of the face value of the new bonds. pings of this public utility system have been more than twice the in- terest on the bonds. H., Barrios, Mo.: Th trust’ certificates of the Fruit ment Trust were issued by the Metropolitan Trust of New York under an agreement with Armour & Co., dated December 1, 19 hey represent the interest formerly held by Armour & Co. in certain equipments and the lease thereof to the Fruit Growers Express Co. The payment of rentals on the equipment is guaranteed by Eftcen railroads. ‘The value ‘of the equipment is esti- mated 9 unt of the certificate: 1 ries 28 per cent y-five cities . with a popul 6 per cent. equipment rowers Express E Earnings have been certific guaranteed b 2 enough t ur $5,000 investment. The Ohio & jas Company operates in about 125 communities in Central O! hwestern New York and Southern Ontario, C: 1 one who desires a short term . these note: ver well. They were R., Marawa: ‘The Skelly OilCompany paid 60 cents in 18 id 20 cents bruary, 1921, nothing since. With that dividend record and with a capitaliza- 18,000,000 the company’s outlook is not promis- ‘The Dominion Tron & Steel Co., Ltd., consolidated mortgage 5 per cent. bonds appear to be a fair business man’s purchase. ‘They are guaranteed by the Dominion Stee! Corporation, Ltd. The Dominion Tron and Co. owns the largest iron and steel plant in Canada, located at Sydney, N.S. Earnings b been at th of 34 times present interest requir ments. The bonds were offered at a price to yield 6.46 per cent. M., Campes, N. J.: You can prudently couple of thousand dollars in American T: poration 7 per cent. cumula company constructs and ope and also railroad freight » Portianp, M invest a Stock Exchange and is selling at a price to 6.8 per cent. B., Stratroro, N. Y. yield 6 per cent. or mo Pacific, Southern Pacific, Chi Among railroad stocks which ‘on current price are Union go & North Western pfd., nia, Northern Pacific, Ches, & Ohio. pfd., and orthern preferred. Industrials making the yield lude American Water Works and Electric Oil pfd., White Motor, Timken Roller ing, American Steel Foundries and U.S. Rubber pid. ncial observers differ as to prices for the early part of ch side has plausible arguments for its view but one’s guess seems about as good as another's. New York, January 6, 1923. Free Booklets for Investors is till posible to buy 8 per cent. first morta can be had of the G. L * Coneaar, Bleriie’s olde 201 Miller Building, Miami, Fla. numerous safeguards surrounding each issue protect the bayer against loss, The company bas. sued an inter- ing booklet, “Getting Acquainted with Your Invest- ment Banker,” a free copy of which will be sent to any in- vestor. The Miller bonds are in denominations of $100, 500 and 81,000. It invites partial nt accounts, ‘The number of business men availing themse the offer of J. S. Bache & Co., members of the New York Stock Exchange, 42 Broadw: w York, to send copies of the Bache Review for three months without charge, is steadily increasing. ‘The Reriw is a publication of high standing and it interprets the business and financial situa- tion with remarkable acct he long-established of James M. Leopold will mail to any address is, which ex: good securities on the as been of great service eans stock market transac- Booklet L, which will be mailed to any applicant by Wm. H. Herbst, 20 Broad street, New York City. to man; IF INTERESTED IN BUSINESS AND FINANCE, keep informed by reading the Bache Review, a ten minute weekly summary of tha business and financial situation. It focuses and interprets currents of to-day and indicates their trend. Sent to business men for three months, without j. Ss. BACHE & CO. 42 Broadway New York City Philosophy in an Attic (Continued from page 5) time is it?” demanded the “T lost the ticket for my “What Philosopher. watch,” “Six-thirty,” replied the other, looking through the window at the clock on a neighboring church. He resumed his beating of the “Funny how few things will rhyme with ‘south’!” “Why the deuce didn’t you say it was so late before?” complained the Philo- sopher, picking up his hat. “I’m really almost dead. My heart . . .” “Because it wasn’t so late befor the poet returned, giving a last look in the mirror. “Who's being practical now?” Philosopher demanded. Arm in arm they down the stairs, singing feebly: Won't Get Home Until Morning.” ” the staggered weakly “We Cake-eater—You were talking to Harold yesterday. Flapper—No, I wasn’t; enough to speak. he merely kissed me. I don’t know him well