Judge — December 22, 1923 — page 32: what you’re looking at

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

When Si Hopkins got stalled and had to be towed in. INVESTMENT BUREAU Subscribers to Jepar. are entitled to an swere to inquiries on financial questions, and in emergencies to dnawer by telegraph. No charge is made for this serrice. All communications are ‘treated confidentially. A tweo-cent postage stamp should always be inelosed. Address all inquiries to the Fi nancial Editor, Jevar, Weat Sod St, New York, giring full name and exact street adilress, Anonymous communicati will in no case be answered. The Upswing Continues after ‘a. period of severe by Theodore Williams H™ Lo: depression must the market. show strength and a tendency to advance before it can safely be regarded as a real bull market? A month and a half has elapsed since the upward trend in securities began again, and there are so far no signs of a relapse into the old status of weakness and uncertainty. Those who maintain that good-by has been kissed to the bear market for months, if not for a year or more, to come, hay any items on which to base their forecast. Busi- reading the Bache Review, a summary of the business and J. S. BACHE & CO. 42 Broadway New York City YOUR MONEY Keep it wisely invested, later it will keep ou. Thousands of bond holders of a large industrial Banking Institution have for the past 9 years received 10% yearly on their investments. Write for circular SB. WILLIAM H. HERBST 20 Broad St., N. Y. Estab. 1898 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 J | than a fierce and hec'! | The and “million share days” ness conditions as a whole confirm their belief, notwithstanding these are not all that could be desired. Caution persists in trade transactions, and yet optimism has been gaining ground, The tide of hope and confidenc is not rising rapidly, but it is doing so materially. Whatever amount of ps) chology there may be in it, it is not merely a forced and prearranged affair. The biggest interests could not get to- gether and create a broad and_ strong constructive movement unless there were a firm basis in economic condition: Political leaders and partisans wishing to assure victory to their party in the Presi- dential election through a show of nation- wide prosperity, would scheme in vain without solid facts to them. No explanation of the market's rise is com- plete if we ignore the actual improv ent in the country’s business and its excellent outlook. “Do you believe in Santy Claus?” “Well, hardly. I’ve never seen a man yet that I believed in.” The public is not yet rushing into the arena in large numbers, but that is not greatly to be regretted. Better a steady and orderly upswing which will hold ie boom which will easily crack. Buying for it ment would give surer rewards in this market than purely speculative commitments. avestment issues are cheap enough to invite the most hesitant purchaser, on the Stock Exchange are likely to be more numerous from now on. Answers to Inquiries The balance sheet of the Con- for 1922 covers the situation n of the various other companies you The company has valuable properties and its debt is small, but there is no available statement or dividends, and the surplus is small. The y's stock does not appear attractive. ares of the Federal Oil rood pure ‘The company has paid » dividend on, com: e January, 1922. It had det nd "22, ommon stock is quoted pld. still pays 8 per cent, on par or 40 cents yeariy, but I have no quota- tion on it. ‘The Rickenbacker Motor Co. is a going con- cern, but as to whether or when the stock will be listed on the exchanges, only the directors can tell. The company is still a minor one, and though it is paying dividends it would be safer to purchase the shares of White Motors, General Motors or Chandler Motors. V., Nonta Wiikrsuono, N. C.: T cannot give you the ‘figures quire regarding the Durant. shares, The stock of the parent company has had a good deal of 30 variation. It is not in a position and neither is the stock of the Star other subsidiaries. I have frequently advi to be cautious about investing in the Durant enterpris. which are too numerous, ‘The Durant stock is quoted at 4 usked. Durant is not giving out regulur egarding this concern and the Qermation that you afe after can only be obtained from » We Willys Ov dividend pay to pay dividenis r that of the ed my: inental Mot: Fisk) Rubber are 1 at this ti IAMSTOWN, land comme is a prospe an inerea ble that this stock will sou at which you bought Bostox, Mass.: The Johnson Educ corporated in 1982. So it is still to It succeeded a long Your list of foreign bonds able being the Frenel: bonds. These tw at Northern Railws. » Owais, Nau good one, th railroad and th 7s, Dupont 739s, F Goodrich “Ru 7s, Dunlop Rubber 7s, International Mateh debe and Remington Arms be characterized re fe investments. Case Plow Works has pail e March, Tt had deficits in The preferred stock is, therefore, at irable. The Motor Wheel Corporation able report and is paying 8 per cent, on f stocks 1 ates of Orient makes a fave both classes good business Brooks, dividend 2 per cent cent. on par, 810, this and expanding concern of merit, Ido not see Jon your contract for f ther forfeit it or sell your chance te rows, Coxs.: The National Exch Ine.,” was incorporated in May, 1920. ‘The company has ‘not sutl divide end of December, 1921 ( es)y it had a surplus 1 this may led the up. Moving cerns proven very risky and un The percentage « is great. Your investment is : is nothing to indicate a bright ‘The comps i its shares ture ¢ doubtful o future for the company. P., Woxcesten, Mass: The York, Chicago and St. Louis Railroad is in fine f condition and is paying dividends on both classes of stock. ‘The In vincible Oil Co, had a big deficit in 1922. Its hh are large, but ith: d dividends. "It is naturally suffering from the present depression in the bu Pacific Mills has been a liberal dividend-p stock appears to be a good business ma S. Rubber Co. is doing so well that resumptic kis expected withir paying 8 per cent. onths. has excellent 4, SANDUSKY, O. copyrighted you should send it to the rights, Washington, D. C. ster the nume brokerage firm to have your formula ster of Copy ¢ hands of ree Ww. tive committ e ighte tangles with me ‘ss success. But it tak a long time to come to definite conclusions they are ready to do so, the receivers: will com: municate with all persons having claims on the bank rupts, Any information about the affairs of Jones & Baker must be obtained from the receivers S., Bavtivore, Mp.: Among the securities that hi rather peculiar and good specu possibilities are Willys Overland pfd. whose dividend is 21 per cent. in arrears, International Mercantile Marine pfd. with 4634 per cent. in arrears, and Seaboard Air Line Adjust ment per cent. bonds which have fallen behind 124 per cent. Willys ¢ nd pid. has lately In price because of the chance that the divider be resumed before many months, ‘The Se Line Railroad reports greatly enhanced earni “I wish I knew what to get father for Christmas. He likes to go after small game, but I can’t afford to buy him _a shotgun.” “Get him a fly swatter.” comicbooks.com