Judge — January 20, 1923 — page 31: what you’re looking at

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

f Investment Bureau Conducted by Theodore Williams graph. No charge is made for this sc should always be inclosed. full name and ezact street address, Still Baiting >THE making of many laws affect- ing the railroads there seems to be no end. The existing trans- portation act at the time of its adoption was expected to settle the situation for the carriers for possibly a decade to come. It was agreed that if the statutes were not entirely perfect they should be given a fair trial. This has not been done, but to-day more or less drastic modifications of them are insisted on in va ters. Congress there have been introduced no less than 134 bills dealing with the railroads. A few of these may have merit and may be necessary and constructive. But the larger num- ber, instead of aiming to help the rail- roads to render better service to the pub- lie, would hamper them and be destructive of their efficiency. In the next Congress an additional flood of “persecution bills” is expected, some of them more radical than any now on the docket, and there will then be more numerous and more urgent backers for such — legislation. Should the worst measures be passed the mage to the nation would be great. The railroads cannot be harmed without detriment to all the other industries of the country. In the present I ovr legislators were only less ignor: of economics, less swayed by cons' ations of class, section more eager to do exact justice to all con- cerned, this excessive meddling with one of our chief industries would not occur. The railroads are charged with things for which they are not responsi and the mere politicians and their fol- lowers cannot resist the temptation to bait them. But the millions of owners of the rail- road systems—that is, the shareholders— are not likely to tolerate efforts to im- pair their property rights. The wise and fair-minded business men of the country will doubtless join the stock- holders in making a sturdy fight against anti-railroad bolshevism. ‘The roads may therefore, suffer less injury than aggr sive moves against them seem to threaten, Answers to Inquiries » Newncnon, N. Y.: First mortgage real estate among the safest of securities, provided the on property correctly appraised and leavi sufficient margin over the face value of the bonds, should be purchased through reliable and well lished financial houses whose plan thoroughly: safeguards the investor. ‘The fact that these bonds are not listed is, with many peop point in their favor. do not want securities which are constantly fluc in price or that they will be tempted to part with because they have a ready sale Hanwos, N. Y. curities that may be safely boug! with a banker or a reliable broker. ‘There are many first-class un- fter consul- Unlisted Subscribers to Sonar: are entitled to answers to inquiries on financial question e. All communications are treated confidentially. ‘Address all inquiries to the Financial Editor, Juvae, 627 Weat 43d St., New York, giving Anonymous communications will in no case be answered. and in emergencies to answer by tele | A two-cent postage stamp | | the Railroads dl stocks. plished, strong to listed bonds a esirable, and might well t from the New York Stock ’Excha deteriorate: anies, paying no di poor prd lowed to enjoy the presti of being stock exchange securities. Many investors have been deluded by that fact into buy little merit. M., TovEno, 0. the Campbell Soup Compa The stock is redeemable L110. ‘The company is the new corpor from the re organi won of Joseph Ca i ue factures Campbell Ps widely know It seems a safe to buy red stock, arnings, a judgment for $2,000,000 against the company for alleged br of contract, control by the preferred stockholders. The passing of | four dividends on preferred gave the preferred. share the right to elect a new board of directors and when this board gets into full swing it may do something for the benefit of the owners of hoped that it will manage the compa bre profi T., SaGamone, Mic Fexon Oil & Land pany prospered enough for a while to pay dividends, but | It ceased sometin stock sank to Appar n oil producer. sh enterpri cerns ng to produce po know none I nubtful spe ill, merite has had y of the strong ample bonds are very well se y will be redeemed when they mature in ‘There is nothing in the reported condition of the com: sion as to interest. It would bonds unless you ae forced to do s0. re receiving « liberal return on the price The bond t in general not long since cline for various reason api Fuel went with the rest. But firmer and Empire Gas & Fue Jounstown, Pa. Hercules. mMOn pays nt. on stock recently dout mount. The high for the dividend. » better ying American Woolen paying 7 per cent. or American Waterworks & Electric Ist preferred paying 7 per cent e issues can be had at a lower figure than Hercules common. be unwise to sac Mexico Oil Company has but no one can foresee what their value be. Drilling is being done by another ¢ ny on jexico land. The outlook is so uncertain, New York, Jan. 13, 1923. Free Booklets for Investors A large number of business men have taken advantage of the offer of the publishers to send to them free for three months copies of the widely known and authoritative Bache Review. ‘This publication gives a weekly summary of the business and financial situ Il business men sho y be obtain , ew York Stock Exchange led in a Forty-second street, orth in this public bonds, th living in tate and in more than twenty fores countrie e er lost a do lar through acq’ bonds are secured on income producing property in cit come in denominations of 8100, 8500 and $1,00( be bought on the partial payment plan. Every person desiring to make progress on the way to fortune should write to Miller & Co, for a copy of “How Henry Wilkin- son Became Rich. ‘ | |20 Broad Street PARTIAL PAYMEN TS. The Best Way to Buy Good Securities on Convenient Terms | Send for free Booklet L-25, which explains our plan and terms. James M. Leopold & Co. Established 1884 Members New York Stock Exchange | 7 Wall Strest. New York IF INTERESTED IN BUSINESS AND FINANCE, keep informed by reading the Bache Review, ute weekly summary of the business and financial situation. It focuses and interprets currents of to-day and indicates their trend. Sent 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- | some pronts made out of them the past 18 months, in | U.S. Steel, Baldwin and many other stocks. Write’ for | bookiet L, which explains how Puts and Calls operate. WILLIAM H. HERBST New York City High School Course io. 2 Years You can complete this simplified High tnd Sending groteionn ots end tour of other practen {Sarsed ar dered in car Pree buctin” Sau 1Se TODAY AMERICAN SCHOOL Dept. H 154 Drexel Ave. & 58th St. CHICAGO. Real Vermouth— as made by us dur- ing 64 years of wine-making at Bordeaux, France. Just 5 ounces of pure alcohol re- moved from each bottle for use in this country. French or Italian style. “Original Recipes” ‘Tells you how! Send for your free copy. Ne Restaurant & Wine Co, New York OMee, 476 West Broadway LOCAL DEALERS DESIRED