Judge — August 25, 1923 — page 30: what you’re looking at

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

ore entitled to an- inguiric 8 on financial questions, and nies to answer by telegraph. No for this service. All com- ¢ treated confidentially. A ge stamp. should always be Ip charge address, Anonymous communications will in no case be answered. asonable Depression by Theodore Williams HE RECENT vagaries of the securities market certainly had no warrant in the financial position of many « the corporations whose stocks were beared to low points. In July alone sixty companies, with their listed on the exchanges, increased their rates of divides and during the past three months that kind of improvement oc- issues IF INTERESTED IN BUSINESS AND FINANCE, keep informed by reading the Bache Review, a ten rainute weekly summary of the busine: Sent to business men for es months, without charge. J. S. BACHE & CO. 42 Broadway New York City 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 curred in’ the 214 indust and railroad tions. The d rectors of these enterprises would hardly have voted larger returns to stockholders had there been doubt of ability to con- tinue these. There was no fundamental good reason for depressing prices of issues of strong and prosperous concerns. I ut wnat occurred? American Loco- motive, Bethlehem Steel, and Stude- baker, for instance, made excellent re- ports of earnings and prospects, and yet drives on their values were as as against those far less sound. Judge Gary's remark, “People become fright ened when there is no real reason for it, has been. strikingly illustrated in’ the past few months. In the scare investors suffered no less than speculators. The lack of support given the market has heen widely deplored. It has been ex- plained as’ due to the wish of certain capitalists to be able to buy at lower savage — figures the stocks they sold at or near the peak. ‘This, rather than any cloud on the business situation, seems to account for the strange fac the best. bonds and stocks were sacrificed in the panic by many holders. When the market really steadies again, there should be once more an army of cager buyers. Answers to Inquiries 5. TENN duals or firms. This department That is the bi Neither of thes! about is listed on the exchanges. The Gardin, Pre- serving Company pays dividend on the common, but it seems to pay 7 per cent. on preferred stock. The busi ems to he pretty well established, and. it y be well to hold the preferred. The rican Candy does not appear to be strong financially. Apparently it pays a dividend on preferred, though not The taxi driver goes on a long auto tour. 23 vidend in cent, each in April. ane to be doing a be classed as a b a seasoned dividend. paye bile stock it would be paying $1.20 per year, » GReesve, Le: The preferred, that both roads predicted that rate of 3 per ¢ will be likely had a t near the price anil by: the be Wintrsatsrows, ce Company's factured the Okonite by railways, electric and. large company has been a and the interes Waco, Tex.: The s time during th manufaeturi on the fertil seri six months Prices of the com advance, It is not expected dividends willbe still very and 6 per ¢ the Hud and is in thi S. Rubber. preferred ps a good business man’s investme CoLonapo Serie: Cow.: Apartment Jd by G. 1. Miller & ( Savings Certific and safe, Interstate Tron. & rage 8s appear re Company's first lien ve a very fair rating. New York: The first" mortgage leasehold 1953, look like a safe enough 4 secured on New York pr available for ad c The bonds were offered lately at p L, Moxtrenier, Vie The & ment of Switzerland allotted to this country are a credit of the repul bei they are only short term and if yeu safer to buy General M Northern Pacific Steel Ce onably safe and refunding Park-Lexington Ce 5 per cent want ae Mf their s! least. Seaboutr erable to eit {any wher get rid of the Interstate Publi had a The first the leading com resumed this year. General M (Company's, The Cuban T mor prporation’s nds, due in The ng the Grand terest and © interest char accrued interest. 0,000,000 of ge external gold notes orded a high rating, the excellent Notwithstanding ately snapped up when affered in New York ait! Muawacken, Wiss The Europe which many think they foresee may be by statesmanlike Irite crisis” in averted courred it would of course The sailor spends his vacation rowing on the lagoon in the park. comicbooks.com