Judge — October 6, 1923 — page 25: what you’re looking at

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

IY Differences Between Safe and Unsafe Bonds (THERE are 8 requirements that every bond must have to insure the safety of the investor's funds. If a bond will pass every one of these 8 tests it may be identified as presenting the maximum ofsafety tothe investor. Ifabond will not pass one or more of these tests, it is lacking in the elements of safety that every conservative investor should insist upon. These are the differences between safe and unsafe investments—the elements that characterize the difference between the suc- cessful and haphazard investing of funds. Every Forman Bond has passed fully these 8 tests. Absolute proofof the safety of Forman Bonds is the successful handling of the funds of thou- sands of investors over a period of38 years without the loss of one cent to any customer. Out of this long and successful experience we have published an interesting booklet "How To Select Safe Bonds" which tells how to make the 8 tests that prove the safety of every investment. Every investor, large or small should have a copy of this booklet. With it you will not only be able to test the safety of every investment scientifi- cally, but you will be enabled to secure a larger income without any sacrifice of safety. YOURS — FREE “totran*® a COUPON We have a limited edition of this book. It will be mailed only to those who ask for copies on the re- quest blank below. Fill in, tear out and mail today. GEORGE M. FORMAN & Co, 105 W. MONROE ST. CHICAGO 38 Years Without Loss to a Customer George M. Forman & Co. Dept, 410, 105 W. Monee St. Chicago, fil, Please mail me without cost of obligation a copy of your booklet “How To Select Safe Bonds." No solicitor is to call on me. Name— Address— City. State Gigh School Course in 2 Years Raper this simplified High 5 School Course at home Inside two years. Meets all requisements for en- trance to college and the leading qrofessions.. ‘This And’ thirty-six other practical couraes Are described [0 our Free Wulletia. Send for it TODAY. AMERICAN SCHOOL Dept.H.7. 54 Drexel Av. & 58th St © AS. CHICAGO, STUDY AT HOME Become a lawyer, Legall {rained oven ‘wla blah po tions and big success in Bi ‘eas’ aod pobie ite,” Greater opportunities. now belore. Be findepen leader, Lawyers carn iy C,, Pesxsetawsey, Pa.: The New York, Chicago &St profit-making road, paying 6 per cent. dividends on both common and preferred. stock with the prospect of continuing to do so. ‘The comp equipment trust bonds are among the safe issues. K., Mitrorp, Mass.: The United Eastern Mining Company has been paying dividends for some years and is now on a sixty cent per year dividend basis. ‘The stock fair speculative mining purchase, and is selling at a little above par, which indicates confidence in the future of its ore reserve Z., Axcox, C. Z.: ‘There is a Sunburst Oil Company | in which the Ohio Oil Company, one of the Standard Oil | an, interest, and which therefore must have his Sunburst Company does not appear to be paying dividends, It would be safer to put your money into a dividend paying oil stock. At present all stocks a pressed because of the low prices of crude and it would be safer to defer their pur- until the oil industry becomes steadier. G., Ranway, N The B. & O. RR. has shown improvement in its condition, and its, preferred stock makes a satisfactory yield on your purchase price. It would be well to hold it in the hope of a future wivance, Bethlehem Steel common would give you more but it is not so safe, N. Y. Air Brake class A p $4, makes a fine yield on the investment. Among stocks that are pay ‘our required yield of better than 8 per cent. are Bethlelem Steel common; Allis-Chia common; American Steel Foundries common; Stude- baker common; Sinclair Consolidated Oil preferred and Cosden & Co. common. M. K. & adjustment 5s are 1 fairly good buy at sixty-seven, as the road is earning its interest and has a brighter outlook. But Seaboard Air Line cons, 65 are more invitin e Arrow Motors 8s are not of the highest grade, but have a fair amount of merit, ‘The compa ing dividends on its 8 per cent. prior pi stock, which gives a better standing to the 8 per cent. bonds. ‘The future value of the bonds depends on the continuance of the company’s prosperity which cannot be positively asserted. Toueno, O.: Among the most attractive specu ailroad issues are Seaboard Air Line cons. which interest is being paid, the same road's adjustn now 10 per cent. in arrears, and Southern Rails common, not making any return but earning at the rate of about’$10.50 a ye C., CempextaNn, Mo.: ‘Transcontinental Oil, which sold once as high as sixty-two, is now quoted at’a little above $4, Owing to serious deficits the stock is undesir able and I do no! vise its purchase. Middle States Oil, which paid its dividend regularly for a number of years, has had to defer its latest quarterly return. The de pression in the oil industry 1s the immediate cause of d payment, but the company has been branching It has very valuable proper: better in the oil market might ‘a good purchase, The com re still paying dividends. Cosds Oil, which pays $4 a year, would be a good purchase were the dividend sure to be maintained. That is not altogether certain, but of the three stocks you mention Cosden is the best. nt suspe pany’s subsidiaries ld not continue its count of the depressi industry, ted very well in the market. The directors red the usual quarterly return, but, of course, that rantee that they will do the same three months hence. J., Burrato, N.Y the stoc does not gu The Willys-Overland Ci which has lately prospered so well that re dividends on the preferred stock was hoped issued $10,000,000 of first mortgage 6 fund bonds to mature September 1, 1933. to postpone any dividend payment on the preferred fo long time to come. | The reasonably safe purchase as the earnings are ample for interest requi ments. issue price was such as to yield over per cent ©., Saut Lake Crry, Uran: The Associa Company's new issue of $24,000,000 of twelve-year 6 per cent. gold notes is rather attractive. The proceeds of c notes will be used for the purchasing of oil for storage. ying short time loans, redeeming over $5,000,000 first unding mortgage bonds, urposes, With i bonds the notes will become the only funded. debi arnings of th assure the p c otes and them sufficiently The initial price of the notes was par and accrued interest. K., Aunayy, N. Y.: There is an excellent i opportunity in the $4,000,000 Remington Ar first preferred 7 per cent. cumulative stock profits of the company are running at several t interest requirements on the preferred. The stoc dat a price to yield about 74 per cent. K., New Wesrauxsten, B. C.: Union Pacific, New | York Central, American Tel. & Tel., are three very meritorious issues, and any one of them should meet your requirements. I have no record of dividend payments by Bay Sulphite and I would therefore not include it at at in the list, of desirable stock S., Oxtanoms City, Oxi: te that Kansas, Oklahoma & . is not in a strong ial position. It was organized in 1919 to succeed concerns whose property was sold on foreclosure. It has only about 314 miles of track, but it has outst capital stock of 82,850,000 and funded debt of $4,875,000 The road showed’ a deficit of $303,000 in 1920, surplus of $48,000 in 1921. ‘That left a debit bi $254,000. I have ter data, but if the ro: better business in 1922 it was more fortunate than some stronger lines. The bonds are secured by eral | mortgage on the entire property subject to Tien of $1,500,000 in notes. “The bonds class, though they may be fairly safe. L., Civctynatt, O.: Armour & Co. report profits. A. statement covering the six months i June 30, which includes the returns of both the Illinois ed Oil are not and Delaware Companies with the North American 23 What any successful Banker would tell you —if he were able always to talk without reserve It was to give YOU the un- biased viewpoint of bankers on the biggest problem that con- fronts you today that this Com- pany published “The Verdict of Thirty Bankers” This free book was prepared for YOU! It contains letters from people who actually live on less money than YOU have—and yet have established themselves as conservative investors who have no fear of the future. A Great Book—Mailed Free Invest a two-cent stamp in this story of great cities and their opportunities. It contains the shrewd observations of bank- ers and individuals who may guide you to a secure future. Without “financial sense” you cannot hope to succeed. This free book ‘The Verdict of Thirty Bankers,” places the key to your future in your own hands. Mail the coupon! For the two cents it costs, you will re- ceive a valuable book containing information which may save you years of worry. CotumB1a MortTGAGECOMPANY Columbia Mortgage Company Building 4 East 43rd St., N.Y. Phone VANderbilt 0340 -— For Mailing —------- COLUMBIA MORTGAGE COMPANY 4 East 43rd St., New York City Gentlemen: Please send your new book, “The Verdict of Thirty Bankers,” with plans for accumu- lating wealth and Income Apportionment Chart. 10-K-158 Name Street City IF INTERESTED IN BUSINESS AND FINANCE, keep informed by y reading the Bache Review, a ten minute week! 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, wit charge. J. S. BACHE & CO. 42 Broadway New York City comicbooks.com