Judge — December 29, 1923 — page 31: what you’re looking at

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

ableness within our borders. A great strike by bituminous coal miners early next year has been predicted, but if this shall be as quickly settled as was the inthracite trouble its effect on industry will not be serio This, if it occurs, likely to be the tensive labor dis- in 1924, and it can be averted hy proper diplomacy. Owing to prevail- ny high rates of wages there is a minimum of unrest in labor circles. Any v r adjustments, it is believed, will be peace- fully effeeted. There is slight oc confusion 1 demoralization evident in Europe. As Jud Gary has aptly remarked, dition influences but not control America’s.” Our foreign trade is enlarg- ing in other directions, notably Latin America and the Far East, and making up for losses of commerce with Europe. Hence the notion that we cannot get on without Europe is weakening its hold and will hardly become a factor of depression in American business. is so) turbance asion Lo worry over still does TT! RAILROADS bid fair to be as pros- perous in 1924 as in 1923, benefiting also. many other industries. operations must continue on a if the need of the time for houses, factoric tu 1 passably well satisfied. cidentally, the supply of reliable val estate bonds will be aintained. Agriculture has m ered from its paralytic stroke atid its possibilities are once more promising. The basie steel industry will doubtless hold. its gains; copper shows signs. of coming firmness and oil seems bound to in price in 1 Textile. corpora- tions are regaining lost ground and mer- Building rand scale additiona first wel ll who has actually kept his last vow to give up smoking for a year. cantile establishments expect record sales and profits. All the leaders in industry and finance are confident that 1924 will be a distinct improvement on 1923. ‘This view has also the high indorsement of President Coolidge. Secretary Mellon is sure that tax reduction would greatly en- hance the country’s prosperity. With business in general and prosperity holding their own, there should be steadi- ness and strength, though perhaps, sensational upturn, in the ket. Fluctuations in’ prices, except special instances, may not be spectacular, but there may be a tendency to gradually. Fundamental conditions pretty sound, and the market should respond vigorously to good news and bettering influences. The best classes of issues are so cheap that they can pru- dently be bought on their investment no rise merits, and also their speculative possi- | bilities. High grade railroad, industrial, and public utility bonds and stocks offer | inviting opportunities, while at present quotations many issues of lesser merit are reasonably safe purchases, ‘Those. who buy now with due care cannot fail even- tually to be well rewarded. Answers to Inquiries Pa.: ‘The Philadelph s first_and cons, ment. ‘ompany ectrie Company serves r Philadelphia with a population of over wand including ant industrial district. ngs At the issuing pri Bursrot Suburban ¢ Iphia forty rwing neler indi and e not infallible Something may, period that did and this may upset the most care ul ations, Charts and lor se d Tf: in 19 ook quite a drop ou should « KEEN, KY kon monthly i shares as you now he © would be so far reduced that than 6 per cent. on your inves 1 the stock as a very good long pull ement of the F, B, Stearns Motor Company's dso cannot figure out its future. | Small pressed hard by the eompetit [the stock of D., Sourm Sr. Pact, Mavs. estate bonds based on proper! ducing properties in the Se al interest rates are higher than in the North, have for many years proved as well as liberal-paying investments. per cent. issues dealt in by the companies you mention are atmong the best of this New Youk, December 22, 1923. some st Free Booklets for Investors will send to any ap sets forth the firn good securities J. S. Bache e New York Broadway, ‘kly, the n, with. ths, ont appli on reeten York, fing Bache Reriew, toh charge, for three me firm. Herbst, willl am booklet SB giving the partic garding a large industrial b stitution which h Wa 20 Broad street, New York, I to any 29 scurities mar- | in | : c Diversified Interests under Unified Management Stabilizing an Investment An_ investment stabilized and doubly safeguarded when money is invested in the activities of several This ‘“‘diversified” vestment generally affected over a long period, temporary depression in one industry is offset by prosperity in another. is industries. in- remains un- since The activities of Cities Service Com- pany’s 122 subsidiaries include the production and marketing of electric light and power, natural and artificial gas, heat, ice, water and petroleum products. These diversified interests, from which the Company derives its earnings, have enabled it to stabilize its securi- ties and build up for them an un- usually strong background of assets. The total investment in Cities Service Company and its subsidiary proper- ties amounts to hundreds of millions of dollars. The organization stands among the largest business binations of the world in the number of its security-holders, who aggregate over 100,000—the population of a city. This stockholder-list, because of its wide geographical distribution, makes for added stability of these proven investments. com- | We recommend for all investors Cities Service Preferred Stock Safety and Marketability Now Yielding over 8% SECURITIES DEPARTMENT |Henry L. Doherty & Company Branches in Principal Cities ines | Henty 1, Doherty & Con Wall Ste NS I free of charge, your I teres | Address | epg City and Stat comicbooks.com