Judge — March 24, 1923 — page 30: what you’re looking at

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

“He Didn’t Have to Speculate—| Because he could have gotten a} good rate on a safe investment”’ “Yes, I understand Harrison lost a lot of money, and now his family is pretty -hard up. | He looks ten years older than he did a month ago. “Harrison is a good business man, too, and was very successful until recently. But he got to speculating in securities and when the market went down he was just about ‘cleaned out.’ “The strange thing about it was, that Harrison didn’t mean to speculate at all. He thought he was playing safe. What he was really looking for was an investment, not a gamble. But instead of | buying safe, well secured bonds he put his money | into speculative, fluctuating securities. When prices fell and dividends stopped, Harrison was | hard hit. “When good, safe bonds pay as much as 7° interest, nobody has to take a chance nowadays buying " speculative securities. You can make more money by investing in good securities, and you are sure of getting your money back.” Are You Speculating Without Knowing It? “playing the the hi ou are deliberatel: «| us and so will have to be interest for anybody We will gladly send to anyone free and without obligation, a story called ‘Two Men and their Money.” It tells how one man lost heavily because he bought the wrong kind of securities, while another man invested profitably and safely. The story has some interesting facts about stocks and bonds, and tells how Miller Bonds are made and safeguarded. Mail the coupon for a free copy. $100 Bonds; $500 Bonds; $1,000 Bonds Interest paid twice yearly Yield up to 7% Partial payment accounts invited G.LMiLLERs G. 106 CARBIDE & CARBON BUILDING 30 East 42d St., New York Philade!phia St. Louis Atlanta Memphis Knoxville MAIL THIS COUPON TODAY G.L. MILLER © Py co. oy Inc. 106 Carbide & Carbon Blig., 30 East (2nd St. send me the sory “Two M Tavestment for Address City and State. ....sccseeserseees | numeri | of the better cl INVESTMENT BUREAU | Subscribers to Jovae are entitled to an- anwera to inquiries on financial questions, and in emergencies to anzwer by telegraph. No charge ts made for this service. All com- munications aré treated confidentially. A two-cent postage stamp should always be inclosed. | Address all inquiries to the nancial Editor, Junar, 627 West $3d St., New York, giving full name pf op address, Anonymous communications will in no case be anewered. Some Desirable Railroad Issues by Theodore Williams were the favorites on the stock exchange and the leaders in the trading. Of late years the industrials have won the leadership. Certain finan- ciers still longingly predict that the rails will yet regain their former supremacy in the market. These prophets very likely mistaken, The railroads in the past had to run a gantlet of mistreat- ment and mismanagement that brought them into discredit and left: them un- attractive, and they have not enti recovered from this; but a more. factor in putting them into second place has been the considerable and continuous number of meritorious and liberal-vielding industrials. There — are limitations to creation of carrier lines which do not apply to other branches of Manufacturing and commer- multiply as they l THE OLDEN DAYs railroad securities increase in business. cial enterprises. may will, unrestricted by need of franchises or by Government regulations. By their ority the stocks and bonds sof industrial corpe tions must henceforth attract th attention from investors and specu But, in spite of the growing service of motor trucks and the projected airplane freight and passenger carrying ventures, the railroads will probably always be with reckoned with Disdainful Wife— When that big tough shook his fist under your nose, | what did you mean by just walking away? What's the matter with you? Husband (meekly) — Spring fever, my dear. Running’s such an exertion. 23 in every future scheme of investment, ors who pursue the wise policy of rsifying their commitments w in the coming years, overlook the tage which the purchase of rails proffer. Careful selections of these y not cease to be recommended—th ties of prosperous, well managed and seasoned dividend payers, not, of course, the speculative issues of unthriving an non-dividend paying companies. Ppreet desirable of the quotations for the railroad shares are, in vic improved carnings of the portation systems, still low enouw be inviting. The inquiring investor 1 prudently consider Union Pacific paying 10 per cent. on par and yielding 7 per cent. on market figur acific yielding over 6 per cent.: York itral per cent. plus; Northern and orthern Pacific, firmly now on a 5 per cent. basis sylvania yielding over 6 per cent.: Illin Central a 7 per cent. stock; Norfolk an Western 8 per cent.; Atchison, and Santa Fe 6 per cent., and Chica and Northwestern common 5 per cent. Any of these may be bought with a reasonab! sure that dividends will be maintained and possibly ineres The preferred stocks and the bonds « the lines nan ure safer buys, thous! making lower returns. These roads ar notably participating in the general business improvement, seems too well grounded to be a flicker. Indeed, reports of better times in every line are coming in with convinc ing frequency. ‘The settlement. of ti contest for control of the C benefited both Union Pacifi ern Pacific, and the two re soned dividend payers and in a str position. The other which, time ago, dividends, now and there is reason to believe regain their old form. Both of these, Norfolk and Western, Illinois Cent ia, NewYork Central, Chic and Atchison have to stockholders for we cure mere had t doing well they will roads, some reduce Northwestern returns and made good o strengthen the case of sound railroad it may be said that the wreckir of companies by unscrupulous controllers, once rather frequent, is in these day's nigh inconceivable; the swelling tide of bus ness will pour bigger profits into the railroads’ coffers, and there is to be no extra session of Congress this year with possible menace of radical the railroads. For nine months at least Is will have peace from that quarter, and there seems to be no danger of serious strikes among their employees So their immediate economic outlook excellent, and at existing levels the issues mentioned should appeal to forwa looking buyers. issues, designs on Answers to Inquiries You will d It would be wisely to house Electrie Company California 7s, Me um 8s, G. L. Miller & ( fe bonds. S.W.st &'Co, securities are highly led. Owing to th comicbooks.com