Judge — September 22, 1923 — page 31: what you’re looking at

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

“The psycho-analyst gets a Charlie Chaplin complex.” INVESTMENT BUREAU REAU| Subscrilers to Jenar. are entitled to an- aicera to inquirica on financial questiona, and in emergencies to answer by telegraph. No charge ia made for this service. All cor munications are treated confidentially, i postage stamp should always d. Addrese all inquiries to the Fi nancial Editor, Jupae, 627 Weat 4id St, New York, giring full name and exact treet address. Anonymous communications will in no case be answered. Signs of Improvement by Theodore Williams NCREASING confidence in the sound- ness of the business situation has had a distinct reflection in the securities market. The hysteria of a few weeks ago has fully abated, the unreasonable declines have passed into history, and prices are being fixed in saner mood. Quotations continue to vary, but within a narrower range, and the trend is rather upward than downward. Some dis- position toward constructive trading is noted. Pools are beginning to renew their activities in certain issues. ‘These signs of bullish feeling would not have appeared had not the conviction been growing that there is in current conditions a firm basis for prosperity. NCOURAGING evidence of bettered times comes from every side. It is furnished by the railroads, the industries, Enthusiastic Backer — Watch that boy's infightin’! Improved some lately, ain’t he? “Yep. His trainer’s been givin’ him commutin’ work durin’ th’ rush hour.” commercial concernsand even by the farm- ing regions. If things are allowed totakea normal course this country will make a forceful material advance within the next few years that will benefit all classes of its citizens. Only untoward and un- justified happenings can prevent that. If this year can pass without an extensive strike in a vital industry, and without trade-impairing disturbances abroad, we shall have reason to be very hopeful of the future. The autumn should bring decidedly favorable developments in the market for commodities and_ securities. By next spring, if there be no unsettling drawbacks, the possessors of stocks and bonds bought to-day should be in position to realize satisfactory profits. Answers to Inquiries EVELAND, O.: ‘the ‘The decline in prices of intrinsic distinct improven Unless that shall occur soon ther, giving buyers better Ps_as ‘good a specula Id be Sinclair preferre an American Petroleum until: there industry decline fi best condit quotations Ting-pull. barg issues wet ting or we F to be holding up wi requirements. power, favorite in the hat present Class A stock sells but Cla power, is th ying the sa American stocks are not but have ent in them, Otherwise they would sell ked rei hh issue would an's, purc ‘The reported 1 Corporation entitles xcellent, busi ty of the B ast for it is favorable we same dividend as Be sells about forty points great confi he st f tock’s yield in 6 per cen! in some qu cetations of a higher dividend rate,some ous Players common is making a v rket price, but is not regardes “d asa stock of stable It would be quot ore dependable as to earnings and di be classed as a busine RR. preferred stock fore, virtually a com ‘stock has paid as hi now is only 5 per cent. and th in be put the dividend as been doubt if ie road's rev improved s ‘The outlook is only fair and the st ‘oad, like New York Central, Southerr, ylvania, would be preferable." American Woolen common is meritorious, {or the comp. d with very large earnings which seem to assure the dlivi- 7 per ihe Penny Te king an ex suffers no setback the dividend s ; Railroad sh ent return ani ould be the twelve moi e er’ vice Corporat) 1d $6.42 per sh: ed charge: common divid cent, on market price. ‘The price too high for the dividend, and if earnings ke 29 increase the corporation should be able to make a liberal disbursement. Whether it will do depends on the judgment of the directors Px: You seem to have bought your & Rubber Company stock since the new financial djustment went into effect. The company bas bee slowly recovering from the results of its former mis . and its business and earnings have greatly Tt began lately to pay the dividend on. the referred d there is a possibility nt on the preferred in a year or so, if there is no shrinkage The unpaid dividends on the preferred are accruing and if you can hold on to your stock you will eventually profit by doing so. It is not advisable at present to sell the preferred at Dividends on the common are remote, but it t id some day sell higher. J., CLaveLaNn, O.: ‘The Cities Service Company is a very strong organization which is steadily expanding both in activities and earnings. It has resumed pay ment of preferred dividends in cash, ‘The seip dividend ‘on common and on bankers shares should some day’ be replaced by cash. ‘The serip has a market and yo! get cash on it at less than face value by sending it to the company’s office in New York. Of course if you hold the serip it will some day be redeemed at face value ©, Bostos, Mass: The Eastern) Manufs Company has paid no dividend on common sinc lozt. It deficit in that year. later statement is The company appear be paying preferred ¢ Whether be n common will depend which the paper manufacturing industry will p New Youk, September 15, 1923. gree in sper. Free Booklets for Investors “I Don't, Guess—I Invest,” has + Inc., 30 East Borty . with brane delphi, booklet sets forth t Millerton, ‘whieh producin e 7 per cent vn in the South paid even when the security is of the best class. ‘The bonds con in denominations of $100, $500 and $1,000 and may. be had on the partial payment plan if the investor desires A complete copy of the story above referred to can be had of Miller & Co, on request Booklet No. 24 describing current offerings and booklet A$ setting forth the company’s investment savings p for buying 64 per cent. and 7 per cent. first mortgage investinents will be mailed to any applicant by the PF. H. Smith Company, dealer in first re ments, Smith Buildin D.C." The com Its bonds come eof maturities of from two te and Federal tie . 42 Broad; J. On Fed of their valuable weekly financ Bache Revie n cor ay be bought » Leopold & Co., members of the New we, 7 Wall street, New York, whe dress their booklet 1-25 explaining went method. will send to any their partial pa IF INTERESTED IN BUSINESS AND FINANCE, keep informed by reading the Bache Review, a fon toute weekly summary of the business ahd 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 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