Judge — April 14, 1923 — page 28: what you’re looking at

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

COLLATERAL BANKERS INC. How to Obtain 7% Plus Profit Sharing Buy this Debenture Bond which car- ries corresponding Certificate of Profit Sharing, entitling you to your pro rata share of at least One-Third of Net Profits in addition to 7% Bond Inter. est. Price Par ($100). $1,000, $500, $100 pieces. Profit Sharing of 1% Paid September, 1922 Another Hodson Enterprise with sim- ilar connections has paid its bondhold. ers a total of 91% in interest and profit sharing in 9 years. Purchase Collateral Bankers Bonds to-day and } benefit now by the very good present yield. You may anticipate increased profit sharing as the company attains Fits full earning power. Use coupon below. Clarence Hodson s [a ESTABLISHED 1893 == INC SPECIALIZE IN SOUND BONDS YIELDING ABOVE THE AVERAGE 135 Broadway New York Send me Descriptive Circular M.201 F Address Free Booklets for Investors See Page 27 Statistical Book A 288-page book containing valuable statistics and infor- mation in condensed form on issues listed on the leading exchanges in the United States and Canada. It contains high and low prices, earnings, dividends, capitalizations, _ properties, ticker abbreviations, and other important data. Ask for J. U. 675 Free on request ESTABLISHED 1901 HARVEYAWILLISE& Members Consolidated Stock Exchange of N.Y 32 Broadway - New York Phone Broad 3360 Uptown Philadelphia Newark H47E 86% St. 20S0.15% St. 169 Market St Direct Private Wires “Who? ARMA VIRUMQUE aT guess this is him, all right!” “The feller that’s gettin’ better and better in every di- rection!” | | INVESTMENT BUREAU Subseribers to Jcnar. are entitled to an- awers to inquiries on financial questions, and in emergencies to ansicer by telegraph. No charge 1s made for this service. AU! com- tions are treated confidentially. A cent postage stamp should always be it Address all inquiries to the Finan- Jeno, 627 Weat 43d St., full’ name and exact’ street ymous communications will in no case be answered. Public Utilities as Investments by Theodore Williams vrinc the past year or two, the situation for public utility’ cor- porations has, for the most part, greatly improved. In the time when inflated prices for labor and materials led, political opposition prevente many of these organizations from incre ing the charges fixed by law in their charters. But in a large number of communities the justice of permitting higher rates was recognizec ies there were enabled to avoid de If some others suffered loss the gre majority came through the “war” in fair shape, and all of late have begun to share in the undoubted general pros- perity. Even the traction concerns in ter New York which went into eivers’ hands, largely owing to mis- management, and which have been a football in local politics, have now seem- | ingly brighter days ahead. To-day no great class of securities is better worth the consideration of the investor than the stocks and bonds of the leading and thriving gas, electric light and power, telephone, telegraph, electric railway and dro-electric companies. These organizations are either steadily tending their operations into new |fields or owing to growth of population and business in their present fields are continually adding to their lists of patrons and the volume of their profit-making service. They stand on the firmest of ground so long as their franchises endure. |They are exempt from competition in they do not, prises, yearly exhaust a portion of their | resources. They have, in fact, a stronger position than the industrials, for the latter, while capable of renewing or increasing their production. from year to year, have to fight with aggressiv 26 rivals for business and are subjec fluctuating demands for their products The public utility. corporation is. less liable to be disturbed by changing cir cumstances. Its market is relatively sure, and may indeed be enlarged in a dull period. For light and power and trans- portation are constant needs in every locaiity that are more apt to expan annuaily than to decline. T ERE are public utility issues of the highest. grade purchasable on the exchanges and they are widely known and held. There are also many issues of lesser concerns that have substantial merit and are making liberal returns to investors. All over the country there are public utilities of restricted fame, and even of only local reputation, which offer excellent opportunities for investment and which promise to “live long and prosper.” Their securities are not listed and the buyer has to take his chances as to marketability, but their dividends seem assured. Bankers and brokers are handling not a few of these over the 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 IF INTERESTED IN BUSINESS AND FINANCE, keep informed by reading the Bache Review, a ten minute weekly summery 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 comicbooks.com t