Judge — March 17, 1923 — page 28: what you’re looking at

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

BANKERS INC. How to Obtain 7% Plus Profit Sharing Buy this Debenture Bond which carrie corresponding Certificate of Profit $ ing, entitling you to your pro rata share of at least One- Third of Net Profits in addition to 7% Bond Interest. Price Par ($100). $1000, $500, $100 pieces. Profit Sharing of 1% Paid September, 1922 Another Hodson Enterprise with similar connections paid its bondholders a total of 91% in interest and_ profit haring in 9 j Purchase Collate Bankers Bonds to-day and_ benefit now by the very good present yield. You may anticipate increased profit sharing as the company attains its full earning power. Use Coupon below. Clarence Hodson = (o —— ESTABLISHED 1893 == ING SPECIALIZE IN SOUND BONDS YIELDING ABOVE THE AVERAGE 135 Bros New York Send me Dest Circular M-201 Name ..... Address — THE STOCK MARKET and the opportunities it offers from time wo time to take advantage of the big fluctuations on a small cash outlay is explained in booklet L. Write for a copy. WIL H. Se, N.Y. IF INTERESTED IN BUSINESS AND FINANCE, keep informed by reading the Bache Review, » ten minute 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 J. S. BACHE & CO. 42 Broadway New York City PARTIAL PAYMENTS 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 Street New York | share, Investment Bureau Conducted by Theodore Williams Subseribers to Ivpce: are entitled to answers to inquiries on financial questions, and in emergencies to ansicer b No charge is made for this service. graph. ‘Address all ingui should always be inclosed. full name and exact street address, All communications are treated confidentially. zs to the Financial Editor, Supae, 627 Anonymous communications will in no case be answered. A tico-cent postage West j3d St, New Yor! A Great American Copper Company HE remarkable growth of certain I industrial enterprises has been one of the most. str featu of industrial world. ted States Standard Oil of New Jersey and s Corporation may be espe instanced as reaching great magnitude, but many lesser undertakings have attained comparative bigness. ‘The mergers recently of so-called independent steel corporations shows that the expand- ing process is still going on. The mining world lately had a sensa- tion in the purchase by the Anaconda Mining Company of 2,200,000 shares (or more than a majority) of the Chile Copper Company’s stock, As the Chile Company owns the most extensive, and perhaps the most valuable, copper deposit on the earth, the immense importance of the deal to the Anaconda Company evident. The latter now stands in ihe | forefront of the globe’s copper producing industry. To equip itself adequately | for this transaction and for the operation of its properties, Anaconda has issued $100,000,000 of first consolidated mort- gage series A sinking fund 6 per cent. | gold bonds to mature February 1, 1953 and $50,000,000 7 per cent. debentures, maturing February 1, 1938. the Steel, issues were distributed through of prominent banks and ze houses, and were immediately snapped up by the investing public. The proceeds of the sales will be used to pay for the Chile shares, to redeem Anaconda’s $2,300,000, and more, of Z HES . gold bond: B, to partly reimburse the treasury for the ac- quisition last year of the stock of the American Brass Company, and to increase working capital. The Anaconda’s stock- holders have also ap- proved an increase of the company’s capital stock from $150,000,000 to $300,000,000, the new shares to be utilized as occasion demands. This purchase and this financing make Ana- conda’s position exceed- | ingly strong. Chile is a low-cost producer and has declared an_ initial dividened of sixty-two and one-half cents per which Anaconda will receive on its new holdings. The long- hoped-for revival in the copper industry has be- gun, Growing demand | has carried the 1ed 26 Fisherman’s Luck. metal’s market price above sixteen cenis a pound, and Anaconda is expected to profit greatly from the enormous produc- tion of which Chile is capable, as well as from the output of its older possessions. Anaconda, from its mines in this country, Me and Chile, produces copper, zinc, lead, gold and silver. It is the largest silver producer in the United States, and it has a productive oil territory of itsown. The American Brass Company, which it controls, is the most extensive consumer of copper in this country and is a leader in the brass manufacturing _ field. Anaconda’s shares thus cover so many projects t they are in themselves a diversified investment. The company has at its head a most efficient manager in President John D. Ryan. A .coNnDA’s stock did not make a very distinct response to the company’s readjusted condition, but the prediction was that it will do so when the new arrang ment gets into full swing. Like most of the copper corporations, Anaconda has had its troubles, having been obliged, because of the low price of and. the limited demand for copper, to. suspend operations and to pass dividends. But the prospect is now much brighter, the mines are operating once company sclared a 75: supposed to be quarterly. yement continues, old-time dividends ld be fully restored as a matter of course. sh Answers to Inquiries corganization ettijohn Pure Products Co the last named was not succes speculative sted exchangr will ever get back which you will th Campbell Soup Co. has been suecessful, but no doubt many 4 parent. compa Profitable bre An effort is to. be made to have the new - Union Pacific has been pa its dividend of 10. per cent. for a number of years and the prospects are that it can