Judge — November 24, 1923 — page 26: what you’re looking at

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

How John Brown Is Becoming Well Off HE story of Brown, let’s call him that, should be an inspiration to those who are will- ing to practice a little restraint in spending and to in- vest their savings prudently. Brown is married, has two children and never has earned more than $5,000 per annum, For many years his salary was $3,000. Nine years ago he purchased his first Hodson Bond with $500 he had saved during the previous year. This $500 bond to date has paid him back $4! interest and pr sharing and he still has 61 interest coupons and 15 years of profit sharing ahead on this security. He has re-invested the income from the original bond and in addition has bought a $500 bond each year. Brown is now 32 years old. If he main- tains his present schedule, he will have accumulated about $30,000 when he is 60 years old. You too, no matter what your age or circum- stances, may easily start to accumulate a tidy for- tune by purchasing Hodson Bonds which are held by over 7,000 discriminating investors in practically every state and 10 foreign countries. Use coupon below —today—for booklet describing Hodson Bonds and showing why they are desirable Clarence Hodson s [a ESTABLISHED 1893 == INC, SPECIALIZE IN SOUND BONDS YIELDING ABOVE THE AVERAGE 135 Broadway New York Send me Booklet M-217 Name Address . YOUR MONEY Keep it wisely invested, later it will keep . Thousands of bond holders of 1 Banking Institution hi received 10% ye their investinents. Write for circular SB. WILLIAM H. HERBST 20 Broad St., N. ¥. Estab. 1898 is Yours for Saving $10 for 132 Months Invest $10 a monthin the U. S. National Building and Loan Association. At the end of 132 months you will receive $2000.00 for the $1320 you have saved. Compound interest earns $680 for you. State Supervision insures safety. Mortgages on Philadelphia homes and business properties are security for your savings; and these mortgages are rendered doubly safe because we require that they bereduced monthly and that the interest on them be paid monthly. The average earnings of your investment in U.S. NATIONAL are 10%, tax exempt. Investments of $5 to $500 per month received, which may be withdrawn in full PLUS. earnings at any time. Write for full information about the U.S. Nat al plan—a plan by which seven million men and wo- men in the United States are safeguarding their fu- tures today. Booklet 204 sent FREE on request. U. S. National Building and Loan Association Liberty Bldg., Philadelphia, Pa. INVESTMENT BUREAU Subscribers to Jupae are entitled to an- aeera to inquiries on financial questions, and in emergencies to anawer by telegraph. No charge is made for this service. All communications are “treated confidentially. A two-cent postage stamp should alicays be inclosed. Address all inquiries to the Fi- nancial Editor, Juvae, 627 West 48d S New York, giving full name and exa strect address. Anonymous communications will in no case be answered. Adverse Influences Discounted by Theodore Williams HE RECENT sharp advance in securi- ties was to nearly everybody asignifi- cant surpri: It meant something more than running the shorts to cover. It was a proof of the soundness of funda- mental conditions. After a protracted period of irregularity, with no certain trend, a deadlock that bade fair to last indefinitely was broken, for the time. Destruction of values had gone on to a serious degree, and only half-hearted en- deavors had been made ,to repair the damage. With the inc~-ase of the divi- dend on U.S, Steel _.mmon and the bullish expressions of a operator with a large following, the firs <n:tructive work in the stock market for chs was at- tempted. At once weakness disappeared and prices rose with decided vigor. The upturn was not continued to the point of a boom, but it revealed underlying strength in the market. APPARENTLY the stock market has now £% largely, if not completely, discounted the adverse influences that have con- fronted it, or that may soon confront it. Hence, though there may be no se tional move in industrial and commercial progress the future of business and the state of prosperity should be rated as at least good. If the country can carry on as well as that there can be no call for gloomy predictions. Reports of outright purchases of stocks and bonds in considerable aggregates are getting frequent. Many keen, far-sighted I just collected the life 24 investors are steadily decre the floating supplies of desirable iss This does not necessarily portend a pronounced bull market for such securities right away, but it is a strong assurance that they are not going to drop farther heavily. Real bargains, and not mere lottery tickets, may be picked up in the securities market to-day by any discriminating buyer. Answers to Inquiries B., Tacoma, Wasu.: The hand of the condition and and Rubber Co. of Californi Prospering once more, but ) on its preferred stock and is not expected to Possibly this applies to the California subsidiary also. As a holder of 85,000 worth of the stock you should be able to get a repor npany from 1 office ngeles. The Albers Bros. Milling Co., after ig dividends for two lately: resumed its preferred dividend. ‘This impl aprovement in the he company for a return on its on stock, showin erior earning power. A deficit of $700,000 on March ed into a surplus of & D0 by Decem. If the pfd. dividend tinues to be well hold your f stock. h your eitis, First: c is no recent stateme of the Goodyear Tire parent company is t resumed dividends SO soon, bank is pas and if drawn out si class first mortgage bonds seen cellent. pur ou b use of their sal d with their You might diversify by distributing your -al of the reputable bond companies wuts, Par I 3p uld be invested ve advertising M., Puttan: the stock of t of receivers. company's property fd. stock total is 84,793, get practically nothing but that would mean t that you write for receiver of the Ste an find no quotation of Stevens-Duryea Co, now in the hands The court lately ordered the of the ndicate for $450,000. As the erred shareholders can be reorganization 'y assessment on to Harry a Co., Chicopee ‘The Davis Sewing Machine Co,, some time ago went into the hands of receivers, with bts of $3,000,000, including its bonds, and nominal assets of ures leave nothing for the stockhol run the busi- ness profitably a drastic reorgan uld appear to be necessai he Frohman Ami went into a receivership in June, 1921. Only the receivers can post you on the affairs of the concern. J., So’ Mas Maxim M changed its name to the Maxim Corp bankrupt in 1919, That seems to have end stock has no value. F., Wiuiow Grove, Pa These Unless the receivers unitions Co. and went it, The ‘The International Nickel Co, during the first six months of 1923, earned only 4 cents per share on common, but this was an improve- ment over the period of 1922, when there was a heavy deficit. The pfd. dividend was paid, though not earned, in 1 and onl; cents per share was earned on the pfd. during the year ending March 31, 1923. ‘The dividend on pfd. has been reduced from 86 to $4, and the stock is now less desirable, The common stock is remote from dividends. W., Attox, It: Lhaye no statement of the Midwest Sugar Refining Corporation, but it must be making a BA are you so happy this Thanksgiving, Mr. Turkey?” insurance on my eight children!” ke ter fin Se comicbooks.com