Judge — September 15, 1923 — page 30: what you’re looking at

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

Drawn by HERMAN PALMER. K. O. Joe Gopher loses to Kid Lizzard on a foul. But Joe's belt-line is so high it doesn’t seem fair. 1 INVESTMENT BUREAU | Subscribers to Swoae are entitled to an acer to inquiries on financial questio and in emergencies to answer by telegraph No charge is made for thie sercice. All communications are ‘treated confidentially. A two-cent postage stamp should alicaya be inclosed. Address all inquirive to the Fi- nancial Editor, Suoae, 627 West 43d St. New York, giving full name and exact atreet address. Anonymous communications will in no case be answered. Power The Market’s Resisting by Theodore Williams FTER a tedious stretch of weakness nd hesitation the securities mar- ket reached the point of seeming resistance to further depression. — Pri wed to melt away at a touch and th were upward spurts that aroused brief hopes of a general advance. Irregularity marked the quotations, lower and higher alternating frequently. But under these surface changes there appeared to be a more decided tendency toward firmness than had been observable for several months previous. This was not wholly an illusion. It was a logical reaction to the course of general business, which, while not actually booming, was re ably steadfast, showing no signs of a coming breakdown. Decreases in volume of transactions in some lines were largely offset by increases in others. n= norirs, indeed, have had to be re- adjusted downward in certain in- stances, because of enhanced expense of production, due to greater cost of labor IF INTERESTED IN BUSINESS AND FINANCE, keep informed by reading the Bache Review, a ten vainute weekly summary of the business and financial situation. It focuses and interprets currents of to-day and indicates their trend. to business men for three months, without J. S. BACHE & CO. 42 Broadway New York City and materials. But there exist: grounds for very hopeful forecasts as to the future of both commodity and stock markets. The cautious purchases by the retail dealers are only deferring the whole- salers’ opportunities; there is no serious buyers strike, and merchants must con- tinue to replenish their supplies of goods. Quickening of demand for the things on which — stock-issuing enterprises make their money should excite new activity on the exchange and that should mean better prices for the issues of merit. This view of the situation is inciting consider- able acquiring of securities, not in ex- pectation of an immediate rise, but for the sure long pull. Answers to Inquiric T., Patapeients, Pas. 1 Foundri and the Philadelphia’ Electric Company are both in th list of prosperous concerns, exch paying a liberal dividend and with a good outlook.” How far prices of their stocks will advai he future will depend on the state business, If their earnings con improve, quotations for the st higher. "There » real to the cause of the recent slump in the stock Some believe that this is already a bear market think that there has only been a relapse in the bull market and that prices will reach a higher level by fall. One thing, howeve are selling at unusually low figures and they can be bought without much hesital Tut. nue as at present, or ks will naturally’ go ensus among financier G. 1, Miller Bond & Mort- 1s a reliable firm and the 8 per al estate bonds which it time ago, a very good rating. 1 »rnia Exploration Company i i $ of corporations and [have Cittesc ymnpan; first’ morta and How y can be cer- points higher. ‘The latter is 7 per cent. participating and is m r than the ee long the war in prices is to continue nobo tain, but le il men think it will end soon Household Products Con ny is earning sufficient pay dividends. The initial dividend was declared Mi 1 the stock is on. 83 a year Tt is still unseasoned and may be classed as a fair business man purchase. ‘The stock has no par value. ‘This is a good time to buy. shares of long established and seasoned dividend paying organizations. L., Detrorr, Micit.: | In investing trust funds amount ‘0, 350,000 safety should be the first. consideration. ited States nt bonds and the gilt ed bonds of the | |, railroad and public util corpora urns are but mode andled Miller and repute, sich as G nd the 1 & Mortgage f New York, ‘orman & Co. cht well forn trust fund investment Thess gay. fee ay well secured by income producing properties. Other bonds in the safe class include Hudson & Manhattan first and ref. 5s, U.S. Rubber first and ref. 5s; New York Central ref. and imp. |S. Steel 5s; Michigan State Bonds; ; Chicago & Michi- 23 Atchison Gener Yo. Western + and ref. 4s; and Union P: gan Central first, mortga, $8; Southern Pacific first i When below Scuastos, Pa.: The Bethlehem Steel Corpr howing for the second quarter of 102 excellent on Vis equal to me 870 a share on the common stock to be outstanding af all Mi is co into Bethlehem, ‘Ts net assets of the combined Bethlehem wanna-M vale Company back of the common stock exceed #1 T., Svascuse, N.Y. You and other stockh of the Templar Motors Company have little to « Yourselves with. — Assets exceed liabilities by only 81 Investors of moderate means should as a rule shun smaller and weaker companies . Casaas, Coss.) There is very little likelily ar future of a smart recovery in the pris oil stocks. Current conditions inthe oil industry the most adverse since 1914-1915. ‘T gasoline involved fu duction in th il and f ill nat © supplies will have to be stored for the winter, curtail production. the prices af oil st they cannot appreciate ut there is a change for the better W., Bariwore, Mo. ‘The North American Ed Company is a subsidiary of the North American ( pany and its new 6!) per cent. secured. sinki reat quantiti bonds, series B, due September, 148, are a sound nent. The bonds acked by collateral fi ng the face amount of the issue. Dividen re than 2.4 ti nds were issued the pledged collateral pount tem th est requirements. The b Price to yield about 654 per cent. F., Portiasn, One: It will probably requi time for Penn Seaboard Steel, lately selling &3, to reach your purchase price of 87.50. depends on the course business. The ord of this dle States ¢ poor divide evenning u ecline in crud oil. Leading oil men that th to improv if it doe Jule States Oil Pric ht recover, T as to the dividend has had. an adverse effect on the value of B., Per Po.: The prospects for a of the dividend on Delaware & Hudson Company’s stock are considered good shown by the price of the shares, You could mi good profit by seli could inerease your in ‘Moore. F. M. STAKER Of Kansas City, Mo.,prominent in business circles, manager of the n Pacific have tad PUBlicity depart- quite a fall, but. their Ment of the Com- arning. reported tobe merce Trust somewhat better. If the Company and di- sufficient to furnish the Financial Adver- rou with a lot of retuin tising Association Lil eels of America. he more encou cannot be absolutely nted upon. Hf you are willl Id switch to Bethlehem ste dries com., or White Motor. Parapenenta, Pais Sierra & San Franei Company's 68 can hardly be classed as be tin the str surplus. ¢ and safe, Ut mpany rly good bu The Developmen suffered deficit und 1 in sould be Northern an » take your los 1., Americ the company nd has. Ss appear Power tion ( of Brazil Central Ra not the highest ratin ure. [have no data n electrification loan 7s ha regarded as probably ing the Consolid: ke Company Aros, Tu Shell Oil Company United States of America, concerning which ve s to have no ev with any of the well-known Shell interests. ‘The latter heen reported to be in bankruptey. Neither. your 5! Company nor the Three Link Oil & Gas Compar mentioned in any list of corporations and both seeming are of little importance. ‘The Shell stock you own is ed on the exchanges. Prrrsrintp, Mass: Sales “over the eounte by brokers in their own offices direct ve at ne t Railway other r more_hopet view is that of an observer at a distan alatio eit her skin The I excelle Your b rnp ends bP rest hon: the lit is principa Phe pro indebted 000,000, tly t bonds w New lication, | Partial p: & Compa firtn’s How tion th opened father | did Tt “But “ptic: t father r Shri bers of moved comicbooks.com