Judge — July 21, 1923 — page 30: what you’re looking at

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

The Clown’s Wife— Now, please don’t cry for your. father, dear! Daddy’s out making a fool of himself! INVESTMENT BUREAU Subscribers to Ivpar are entitled to an- awers to inquiries on financial question and in emergencies to answer by telegrap) No charge is made for this service. communicati are treated comfdeaticlly. A two-cent postage stamp should always be inclosed. Address all inquirice to the Fi- nancial Editor, Juoar, 627 West 43d St New York, giving full name and ezoct atreet addres Anonymous communications will in no case be answered. Accumulating Stocks by Theodore Williams |OLLOWING every slump in the stock market, come reports of accumu- lation of shares of this, that or the other meritorious issue. The pur- chasers are not confined to large capital- s Level-headed persons of limited means also seize the opportunities offered so far as their funds permit. Were these enlightened and discriminating buyers fewer, prices would naturally have had greater declines. Were there more of them there would be more stable conditions in the market at all times. The main trouble lately has been due to the “mass action” which sometimes occurs when prices begin to fall. Poorly margined or poorly in- formed holders of securities then make a sheep-like rush to sacrifice their stocks and bonds—often those of the best class. RRA, speculators and ignorant in. vestors who easily lose their nerve get at once what is coming to them. The long-pull brigade is prepared to wait for its reward and cannot be stam- peded into unnecessary _ Ic Every share of stock that ha en thrown away by the victims of bearish dragoon- ing has been purchased by somebody who was waiting for that very chance When the financial ship rights itself, as it yet surely will, those who now tak the long side may eventually find it to have been the right side. Business is moving deliberately at present, but it must some day quicken its step, and the ‘s market will follow this example. Answers to Inquiries H1., Brooxiys, N. Y.: Goodyear Tire & Rubber Company financial reorganization, after a period of se The company has since begun to do better a reported to ‘be very: satisfact is on preferred and com da dividend on the prior p ntly it will be able to continue th return, but the prior preferred is not a dividend payer. There are prospect nd at present it may be classed n's investinent, + Micn.: | While on Of course you know that the sa fair business in not be hij seems to be a future for it, pro copper improves. The ec and the stock is on a 81 di s W., Rockroxo, Int: The fact that the man you mention is promoting the sale of a stock detracts from his usefulnes: n advisor to investors. No advisor should occupy a position where his judgment biased by personal int Prospectus submitted to Gold s still untried cidedly spe ‘The propert s ago with n be duplic None of t ded the market for is.a low-cost producer es that the Id nd that its stock is de of the company sults, it is J now is uncert n truly be. mone} nterpr nt has too work, whic harply of late id will b be lates dividend, how was paid. It totalled f and 1 percent. extra. It c in stock, but owners of less t res received cash py Whether the id in cash of stock or will be pas rs can foresee, The stock is for $1,000, but at present o ‘s man's speculation, L, Prersvtenp, Armour & Comp to be coming out of their difficulties and, th preferred stock is not of the hig! sa good business man's purchase y safe, but probably so, Tis not abs It would be safer for NEVER PUT OFF TILL TO-MORROW “I want to marry your daughter.” “What!” “When I grow up.” fone of your means to buy the stock of a company that is at present in a sounder position, such as the 7 per red shares of the American Water Works D., Stuver Creek, N. Y. Gold’ Min In 1921 the Amal, began shipping gold-silver ore to th J was said to be excellent, but the results of the operation of the mines are not given latest re lable. ‘The stock still looks specula- ke 1 engineer, who Motors Company's nt sce how t atter of fact, it has it i ecently matte ss that the directors proposed the sale of property and a reor, stockholders, however, refused to free ayans. Crry Nacozatri Northwa he did y containing J ore deposits. ‘The only produc- y-eight carloads of high grade The result of this was ore the company has done ock appears to be a long P., Crortox, Va.: In the present unsatisfactory state of the stock market it is unsafe to do any pred ‘There is no upward trend to prices in sight. ‘They m o still lower before the mid-summer season ends. ‘I jeather companies had a poor year in 1922 and the hop of improvement in have not been d. Ans Hide and Leatber, Mercantile Marine pfd.. 1 hit hard in recent Id go materially lower, would be rather tempting long. pull speculations, Derkotr, Micu.: The Greene Ca Copper properties but. circumstance Lit. Troubles in Mexi 1 its cum, pr common hus e of yielding a dividend. “It would | safer to purchase the prior preferred and leave the con mon alon Hyartroxn, rd Oil Cot ding of t kes it possible nderate-interest issues, T W000 serial 5 per cent. gold nots have a high They are direct obligations of th company and comprise “its only funded debt. ‘I wtes will be used to redeem $25,000,040 bs The notes. run + 1933, Rnd. their initial price was 983, to of maturi 2 NOYs) Th ted Power 7 per cent. cumulative preferred stock ia a fair industriel proposition. ‘The compar serves cities in V Ohio offering price per cet 5 ern New ¥ k Utilities first lien and refundin mnably safe purchase. ‘The ‘company’ doe N.Y, and more th communities, “Its! net earnings are . all interest” requirements. Initial price of the bonds was such as to yield 6.1 1. po, On: The li bane’s first and refunsling mortgage 5s, series A. hav merit” and © $50,000,000 and the proceeds: of their sale will be used to retire maturing bonds and to construct additions and betterments ny does all the teleph Chicago and, with its connect Jy the entire telephone by ta price to yield over Bell Telephone Com: ‘ket value of the shares. rst producer, but until the market for copper improves there can hardly be much advance fri low. price of the stock. ‘The shai 4 simply a fair long pull y le er Chandler Motors {two stocks in your fi sful manufacturing corpe nnsidered, usually preferable to those of oil companies. W., Bakerstowy, Pa.: Great North suffered a slump in the recent bear eampaij with n stronger stocks. Owing to the general the best thrown wildly and without “ason on th Phe earnins and outlook for Great North that it would be well enough to even up on your hol Other stocks that at present prices yield 7 per cent, or elude New York Central, Union Pacific and Works & Electric 7 per cent. pid. little difference at this time between the ze down the p J to 15 cents the seem to be against its ever recovering to its IF INTERESTED IN BUSINESS AND FINANCE, keep informed by reading the Bache Review ten minute weekly summary of the business 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 bad, proved plans | of ered nds erty, | holder per cv PF. has a a tiny divide canno a hig quotes cents Nev Pro} class « Bond New shoul ing W applic in bus of bor to any apprai Cop men « comicbooks.com