Judge — December 29, 1923 — page 30: what you’re looking at

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

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Address SERVICE The Investment Bureau contains sound, conservative, helpful information and W ‘hy advice about financial matters. not consult it about your inves Profitable Security Safety does not require the sacrifice of profits. Both can be had in carefully chosen investments. “INVESTMENT OPPORTUNITIES,” our monthly magazine, disct such investments in a comprehen- Your copy will be mailed without cost or obligation. Just ask for Magazine 11-B. Twelve years of Conctecont Leveconans DNHAMEG 43 ree Place New York | New Year—Gee! | | INVESTMENT BUREAU Subseriters to Ivp a inquiries on fi are entitled to an- nancial questions, and in emergencies to answer by telegraph. No | charge is made for this sercice. All com- munications are treated confidentially. A two-cent postage stamp should always be ineloard, | Addreae all inguirica to the Fi- nancial Edito Weat 3d St, New York, giving full name and exoct sirect addrces. ‘Anonymous communications will in no case be anawered. | The Outlook for 1924 by Theodore Williams HE CLOSE of 1923 finds the country’s I economic condition not so far ad- vanced as the mark set by. the hopes of the earlier part of the year. | There was in the spring more promise of improve- ment than the summer was able to fulfill, and though the fall partially redeemed the situation, the results were not so satisfying as many expected them to be. There is, however, no valid basis for pronounced pessimism and there are good grounds for at least moderate optimism. Business is not proceeding at race horse speed; but neither is it plodding along listlessly. No boom appears to be near at hand, and yet the ongoing of industry and commerce is for the most part steady and prosperity has apparently taken per- manent quarters with us. Production is below peak in various lines of enterprise yet it is distinctly above the lowest le and is seemingly in no danger of receding to them. Great, perhaps overmuch, caution has marked business operations throughout the United States for several months. This, however, has unquestionably stabil- ized affairs and warded off any tendency toward a slump. If it is possible to maintain even only the present rate of progress the country will flourish soberly, surely and safely. ‘The coming year will then usher the nation into a better and | sounder position than it occupies to-da; Naturally there will be some hindrance and setbacks to be overcome. In a Presidential year, with politics on the rampage, the country looks for more or less unsettlement in business. Th is due less to the excitements of campaign- ing—for comparatively few citizens are deeply absorbed in the political gan than to uncertainty as to whether or not there will be a complete change of admin- istration and of governmental policy in 1924 the party in power should be d feated, the victors would most probably re-tinker the tariff and perhaps m | important fiscal moves of their | Business has been gradually adjusting 28 This pace is too fast for me. itself to existing arrangements, and_ it would for a time show less briskness and buoyancy if there should be prospect of an administration with a very different point of view. Apprehension on this score might be livelier were it not for the confidence felt everywhere in the present head of the Government. His strong personality, his business-like handling of national matters and his capacity for leadership would of themselves go far to assure continuance of the present régime. But the outlook for this has been brightened by the almost universal approval of the Mellon tax reduction proposal, a stroke of states manship and political rarely equaled. This plan to relieve millions of taxpayers of much of their burden formed the most impressive part of Presi- dent Coolidge’s first message to Congress and it is so popular that many shrewd observers assume that there will be no major political upset next November. U™ ERTAINTY as to the action of the new Congress, now in session, may breed a temporary fecling of doubt and hesitation in the business world. The radical element in the nation’s legislature quired added strength at th gressional election and will stri passage of drastic measures against the railroads and for increased taxation it favors a bonus bill. But it is be that patriotic motives will cause a coali- tion of conservatives in the two leading parties to resist bad and destructive and to enact good and constructive measures. In any event no questionable act will es- cape the executive veto, and overwhelm- ing public sentiment should operate to prevent undesirable legislation. If radicalism at the nation pital can. be curbed, but little menace from any other quarter to American prosperit foreboded. No external dangers their shadows before, and there is pe reading the Bache Review, a summary of the business and financial situation. It, focuses and interpreta currents of and indicates their trend. Sent to business men for three months, without charge. J. S. BACHE & CO. 42 Broadway New York City comicbooks.com