Judge — May 19, 1923 — page 31: what you’re looking at

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

Ip. is rd INVESTMENT BUREAU. ] | Subscribers to vvax are entitled toan- | neers to inquiries on financial questions, and | in emergencies to anaer-by telegraph. No charge is made for this service. All com- munications aré treated confidentially. A two-cent postage stamp should alwaye be inclosed. "Address all inquiries to the F nancial Editor, Jupar, 627 West 43d New York, giving full name and ezact street address. Anonymous communications will in no case be answered, - Europe Again Buys Stocks Here by Theodore Williams mip the seesawing of the stock market recently there came an interval of firmness which was ascribed to liberal purchases by investors on the other side of the Atlantic. That is to say, the New York Stock Exchange, in whose transactions foreigners had had little part since the beginning of the World War, appeared to be regaining its status as an institution of worldwide service. In this there was much. sig- Drawn by George THOMPSON, Stanford * Hunch by Cart Suour, Stanford ‘24 How to tell a dope fiend: his pupils contract. nificance. The continuance of foreign buying would assure a larger demand for issues of intrinsic worth and would have avsteadying and strengthening influence on prices. It would reinforce the con- tention that the bull market is far from ended and might even, were it extensive, incite that new major upward move which many hope for. American in- vestors and’ speculators may yet find it prudent to keep an eye on the orders placed here from across the sta. Th val of securities buying in America for the account of the Old World is a sure sign of improved economic conditions. A demand for stocks and bonds could not hay isen had there not been a considerable recovery from depression in at least some sections of Europe. Investment in securities is possible only when people can make and save fair amounts of money. It is the prosperity ‘over there’? which lately swelled the volume of dealings in our securi market. Answers to Inquiries K., Dartox, 0.: ‘The Stevens-Duryea Autom: Company was placed in the hands of receivers 1922, and is being operated by them. In Janua: the receivers reported the company was turning out four or five cars a week, and would probably produce ten or twelve cars per week during the summer. The Stevens-Duryea stock units, formerly sold at 8150, are now quoted at $2.50 bid, $4.50 asked. Reports that a reorganization was under way were denied lately. ‘The future of the company depends on a needed improvement in business, Continental Clay Co. units of stock once at $140; now at 858 bid, $62 asked. The able properties, but I have lings, profits dr dividends Tuolu e Giant Gold apitalization of $1,000,000; par $1. It acres of mineral land. 'Consi de- nt of the property has taken tula and Gold Ridge Mir fairly good showing in gol that a new shaft was to be sunk in part of the property. There is no_availabl of earnings, profits or dividends. 1 seems still Freer 4 L. The ei Power is controlled by the Con & Light Company. Its 6 per cent. bonds were quot! The British Empire Steel n its unwieldy alization important orders. es to impr the position of the second preferred. will naturally bette C, Rauway, N. J The New York, Susquehanna & Western R. R. is controlled by the Erie R. R. was a deficit of earnings in 1919, 1920 and 1921. ‘The first ref. 5s and the general 5s are secured by a first lien on sixty-seven miles of road and a second lien on the main fine and the Paterson extension. ‘The road's funded debt is over $15,000,000 and its surplus less than 0,000. The get are junior to the first ref The bonds onably safe, but I would prefer as of a railroad t aying divider It is probable that you vuri, Kansas & Te either of t y mention are N, and imp. 5s & OL RR S.. Lock The Acros poration states in its literature that it hi tion for three years or so. It seems to be carrying passengers in its flying machi routes, It claims it has eighteen plane it carried 20,000 passengers without 4 There appear to be men of ability and standing connected with Tt is now selling some of its stock for the stated purpose of expanding its operations. The cor- ris Tina legitimate business which must It is, of course, co1 rded_not ou information brokers you ks of their two companies even for Piggly tern shares if the latter were worthless. Pomeroy, Wasu. The National g Company exists and has worked its mine for several years. It is a close corporation, however, no of its stock being on the market W., Kansas Crry, Mo. DW. » b class”A, was lately quoted ly tiook for the company is not very bright. I have no record of the five oil concerns that yo inquire bout. They not mentioned in any of the regular lists and no broker here quotes their stocks. Most of the thousands of cheap stock oil promotions have been failures and a great any fak cult for you to dispose of your. sh rit can be N. Ju, Among the bonds of leading that yield over 6 market price purch: cons. B 5: Iron & ube Compan » Attantic Cr N.J. first_ mortg: sinking fund gold 6s of the Publi rvice Electric Power purchases guaranteed by ‘orporation of S lectric power 5 ., and its output will be distributed to important ind centers of North Jerse the Public Service Electric Ce P of the largest ele companies in the U which has leased the new plant at a rental which will be two and one half times the annual interest on these bonds. The bonds were issued at a price to yield 6.2 per cent. B., Curcac Both the pre- erred and common stocks of hern States Power are inviting. and is i |} Where can I get a income return? | Will me my principal ! =) be adequate- — ly protected? The Booklet will answer these questions. pictured here It carries you through from the creation of the investment op- ity, the pr i investment, the of your y of the © interest (pay every si months) to the return « I a 7 principal in two to ten according to your wishes. We will mail you this Booklet upon request. CALDWELL & COMPANY Investment Bankers 150 Union Srreet NASHVILLE TENNESSE New Orleans Chicago St. Louis Chattanooga New York — Detroit Knoxville Birmingham Cincinnati IF INTERESTED IN BUSINESS AND FINANCE, keep informed by reading the Bache Review, a ute weekly summary of the business and situation. It focuses and interprets and indicates their trend. Sent to business men for three months, without charge. J. S. BACHE & CO. 42 Broadway New York City ays 8 Per Drawn Ly L, SiNceR, Columbia cent. and makes the larger return, Net earnings in 1922 increased over 29 The Old Soak. comicbooks.com