Judge — July 14, 1923 — page 30: what you’re looking at

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

“THE “ OTHER BAND WOMAN” Love will find a way. INVESTMENT BUREAU | Subscribers to Jvpae are entitled to an- ners to inquiries on financial questions, and in emergencies to answer by telegraph. No charge 12 made for this service. All com- munications aré treated confidentially. A two-cent postage stamp should always be inelosed, | Address all inquiries to the Fi- nancial’ Editor, Junar, 627 West 43d St. New York, giving full name and ezact atreet address, Anonymous communications will in no case be anawered. Securities Tried Out by Theodore Williams To LATE antics of the securities market have been try merits of many issues. is was not the ethical purpose of for the decline, but was a good blown by an ill wind. Those stocks which have stood the gaff reasonably well may be regarded as having proved their intrinsic worth. Of these the public should take especial note, for rarely have corporation securities been put to a severer test. The unreason and the hysteria that have been displayed might have ended in at least near-panic had it not been for the sober-minded and_ well-informed investors who by accumulation checked the rush of demoralization. Every share 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. | Maid ricee save 1884 Members New York Stock Exchange 7 Wall Street New York IF INTERESTED IN BUSINESS AND FINANCE, keep informed by reading the Bache Review, 9 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 charge. J. S: BACHE & CO. 42 Broadway New York City sold by bears and their frightened abettors was bought by somebody who realized its value, and the situation thus tended to right itself. Frameres of prominent Stock F ange firms, however seriously they may, for the time, affect prices through the dumping on the exchanges of large blocks of securities, prove nothing as to the soundnes ability of the or- ganizations whi ued the securities. The United States Steel Corporation is no less strong and reliable than it was before the downfall of Zimmerman & Forshay. Though a million shares of American Telephone and Telegraph stock were suddenly offered at slump figure the company itself would be just as worthy of confidence as ever. Distrust and apprehension are carried too far when investors are impelled to slaughter their own fortunes, as has been the case recently with not a few poorly informed and too hasty seller: Answers to Inquiries H., Penta Aun 100,000 marks to- sum, but why throw aw of ten sodas or t dozen or so bai ler commodities w give you some satisfaction, but the marks probab) never would. Better wait until at least you can get t 100,000 for 50c, or 25c, or 10c. 1 an gov ment’s printing press is doing its best to bring thi happy chance to pa m Minwackee, Wrs, have a speculative valu of the loan allotted to t y tive propaganda and respected —sponsorshi) The present outlook for Austri pictured in rather glowing colors. If all goes well over there the bon will probably hold their own. J., Hannrspcrs, Pa.: The difference of opinion among Gnancial experts regarding the future of the market 12 naturally. disconcerting to the average investor. It seems to be pretty well agreed that there will be nothing much doing on the constructive side of prices before next fall. ‘We can hardly escape a dull hot weather season, with at best irregular quotations. There appears to be little « making money in the near future by buying lc ed, non-dividend payers, such as vou suggest. op of five to ten points in prices of the k Wd listed sti ould certainly make them ex- tremely attractive purchases. T., Bexnt Tt would be wise to consult your banker 1d municipal bonds you ing re not in the market here judged best by The new Austrian bonds The quick sale of the portion 10 very efflece necessary towns sand man of your means can estment scheme bonds that fall below the gilt-edged standard, but have real merit and make an inviting return. Advice on this point from the banker whom you know and trust might well be sought. Rottaxp, Vr: The Corporation's new first per cent. bonds deserve a at a price to yield 7.15 per cent., and were distributed by a number of leading financial houses. The bonds are well secured by the issues of subsidiary companies. ‘The corporation is big and growing and is paying nds on both classes of stock. The proceeds of this Issue are to be used for capital expenditures and enlarge- ment of facilities. K., Proviexce, R. TL: The Standard Dredging Company's 8 per cent. cumulative preferred stock has an Consolidated Oil appearance of soundness. The company has been in busines Tm and ts said to be the largest ration in the world. Its princi- 28 pal business consists of dredging harbors and_ water- ways to admit deep draft ves: 4 filling tide and low lands for reclamation purpose: large con- tracts on hand. Earnings for excess of eight times preferred dividend requ ale of the stock will be used t d indebtedness and for operating capital. ‘The k's initial price was par, $100. Berrauo, N. ¥.: The Niagara, Lockport & On- tario Compa ee year 6 per cent. convertible short sue, at the > company 1 we strial territory. tek ‘may start nith'surpl fear that Mr. L is overdoing it originated forty or fifty corporations and he the banking business to others. Why pay 8150 a k of a bank that has not yet started to d whose future is uncertain, when yon ied, dividend paying do busine can buy the banks for about the same J., Prrrsnt eminent advise think the ad) ars ago to buy Utah Securities stock was good. k was, then quoted around 81%; it rose to only #175. It has paid no dividends, and has advanced only about 83. hat That is a pretty poor record for the time which has elap Contrary to your advise ews, I sce nothing in the data which I have regarding Utah’ Securities to. warrant the belief that there will he a rapid advance in the price of the stock. It seems to be be pr you to buy something paying a dividend. had for not f Among th A great respect for your put Edon't present pri ral Motors common, Ameri- pany and Wright 4 Although New York you to sell, price have a 1,000,000 shares, par 810, Its funded debt isabout $400,004 The stock is pay dends and is selling at # less than par. C Motors Company's « stock outstandir fd. parc n 810, preferred $100, No dividend as"been paid on common since December, 1020 company had a deficit in 1921 and the surplus in 1922 did not make up for the loss of the year before. B., Buestertox, Wasit.: Notwithstanding the low Idon market price, the Standard Oil of New Jersey s selling above par on expectations of a higher dividend in the course of time, ‘The stock has merit as a long Newanx, N. J. ntral Copper C elopment st: ind dividend pa: I do not y are too long a pull, Better buy copper c market and have I have repeatedly stated that of Arizona is still in. the profit making n below ye price. ave d_ the « this stock would be a long pull at best, a Feason_ no that view. The’ ¢ good backing, it will tal to put it on a profit making and Dental Patient—Ow! easy, will you, doc. lish! Let up! 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