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

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

Travel The D & C Waterway On The Great Lakes Restful—Economical—Healthful—Safe Traveling You'll enjoy a trip on the palatial, homelike D. & C. Steamers that make daily trips be- tween Detroit and Buffalo, and Detroit and Cleveland. Direct rail connections at these three cities for all sections of the country. Detroit & Buffalo Detroit & Cleveland Lv. Detroit 5:30 p.m. ra cach city 11 Bm 5 aylight trips dur- Lv. Buffalo6:00 p.m. | “ing July and Aug Fare, $6.00 one way, | Lv eachcity8:30a.m. $11.50 round trip.’ | Fare, $3.60 one way, $6.50 round trip. *Operation subject to necessity for service. Schedule subject to change without notice. Berths, $1.80 up; staterooms, $4.20 up; parlor, $7.20 up. Rail Tickets are accepted. Automobiles transported. Gas must be removed. Wireless aboard. For reservations and further information, address R. Stoddard, Gen. Pass. and Ticket Agt., Detroit, Mich. Detroit & Cleveland Navigation Co. Schantz J.T. McMillan & Gen. Mer. | Vice-Pres. IF INTERESTED IN BUSINESS AND FINANCE, keep informed by reading the Bache Review. a ten minute weekly summary of the business and financial situation. It focuses and interprets currents of to-day and indicates the Sent to business men for three months, charge. J. S. BACHE & CO. 42 Broadway New York City Forecast Your Market Fortunes are being made by ant ing market swings. Ai y) 1 “~ payers “Who is he! Why, man, that’s a genuine roller canary you're listening to! “Maybe so, but that’s no excuse for such dirty feet!” | Subseribers to Icpae are entitled to an- wera to inquiries on financial queations, and in emergencies to anawer by telegraph. No charge 1 made for this sereice. All com munications are treated confidentially. A ttoo-cent postage stamp should always be inclosed. Address all inquiries to the nancial Editor, Supce, 627 West 434 St., New York, giring full name and ezact street address. Anonymous communications will in no case be answered. - What the Market Shows by Theodore Williams FE fluctuations in the stock market have not so far made out a convine- ing case against the general stability of the business situation. From nearly every authoritative source comes the assurance that fundamental conditions are sound and that prosperity should have a long run—with, of course, occa- sional ebbs and lulls, but with no deep- seated reverse. As the future of s i ties rests on the future of the corporations issuing them, it is gratifying to learn from leading financiers and captains of industry that they have confidence in the outlook. The country has little all to feel pessimistic, and it has only to look back for a year or two to experi- ence an optimistic thrill. or be stated too positively that s of the fore organi in the United not going to lose their intrinsic In spite of intervals of slowing down, these great enterprises promise to maintain their i rn and pay in- terest and dividends. Their stocks and bonds will retain their sterling investment quality. Only the cheap, low-grade offerings are really dangerous to buy at present. The dividend ¢ likely to justify their purchase right along, and some of the best of the low-priced stocks may eventually—after a long pull—prove remunerative. Though there may be a dull 23 and unsettled summer interim, trans- actions on the exchanges should become lively by next fall. Answers to Inquiries L., Cuevetaxp, 0.: The Middle States Oil Corpo- latest dividend is 3 per cent. regular and 1 per t extra, payable in stock with cash for fraction shares. The earnings seem to be increasing, but th videad will depend somewhat on the success of the new expansion schemes, If these should prove profitable t will have of crude oil adds to the uncertainty The stock « be called * but a fair business man's p The danger of buying stocks on a margin I slump in prices requiring putting up y rash speculators are unable funds and so the A-10 per cent. margin on Standa stock might be well enough if you h ni sare though they do not yield market price, If you had bought twenty. shares S. O. of Ind., at the recent market price of 859%, total commitment would have been $1,190. You id down a margin of $200, leaving a balance e broker would have charged you a com- s per share, or $3, Iso he would tthe ra 6 per ce The int arge mould he mission of 1 require interest the $990 balance, per year. netting 850 a t from the interest this would stock sh losing, proposition for you nce several points and enable you to It would be wiser to select for 1 sufficient to more than cover carryir and commission. For instance, Cosden & C 84 and selling lately at $473; ‘or Sinclair Oil preferred paying 8 per cent. and quoted at about 94. Middle States Oil would be a good choice if the dividends were d . Bevorr, Wrs.: As it has turned ont Americans who bought German mari 1 German bonds we badly muleted. American Tel. & Tel. stock, ho} is a sterling issue, almost gilt-edged, and if you are prudent you will keep the shares in your strong box and not risk them as collateral in a marginal or partial payment trans- action. securities of merit that yield 7. per cent. or more on present prices are American Water Works & Electric 7 per cent. pfd; Standard Gas & Electric 8 per cent. pfd.z_ Sinclair Consolidated Oil 8 per cent. pfd.- IT have no faith in the concerns brought SW “Reggie told me he always loved slim girls.” “I thought so myself. gave me is a little tight.” The engagement ring he