Judge — January 12, 1924 — page 26: what you’re looking at

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

INVESTMENT At last there is available to every investor a concise, scientific guide which may be relied upon to insure the maximum of safety. This book is called “Eight Ways to Test the Safety of Every Investment.” No matter what investments you now hold, you should have a copy of thisimportant booklet. It will be sent absolutely FREE to every investor. We also will send you a practical investment record book that is espe- cially designed for holders of First Mortgage Real Estate Bonds. Just fill out and mail the coupon below and both these books will be sent absolutely FREE. GeorGE M.FoRMAN & ComPpANY 105 W. MONROE ST. CHICAGO 39 Years Without Loss to a Customer George M. Forman & Company, Dept.41, | 105 W. Monroe Sty Chicago, Illinois. Gentlemen: Please send mea copy of your practical Investment Record, also your booklet, Eight Ways to Test the Safety of Every Investment. 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 | INVESTMENT BUREAU Subscribers to Jenax are entitled to an- awera to inquiries on financial questions, and in emergencies to anawer by telegraph. No charge is made for this service. All com- munications are treated confidentially. A two-cent postage stamp. should always be inclosed. nati all inquirice to. the nancial Editor, Jopar, 627 West 43d S ‘New York, piving ful name and exact erect address, Anonyrious communications will in no case be ansicered. Reaction Limited by Theodore Williams EAcTIONS do not necessaril cate nor forecast a ri jonary ecurities market. It all depend on the extent and duration of the backs. In a six-day race the contestants naturally have to take occasional rests, and in doing so seem to lose time and re- tard their progress. But they really lose they gain by relaxation and They could not keep up the pace stopping and escape breakdown disa: By resting at intervals indi- and they renew their strength and vigor, and then re-enter the contest in better shape and with brighter chances. In receding now and again the securi- ties market virtually takes a rest and undergoes what is technically called a healthy reaction. It is not immediately healthful for those whose purchas how | losses, but it ma ve them from still worse. consequences. Speculation ma be proceeding too fast and too far, aid prices may have been boosted to an un- warranted height. When this happens the inevitable ensuing crash is much severer than when there is a series of slight recessions. F, THEREFORE, there have been numer- ous reactions in security prices since the rebound began about October 31 last, investors and speculators may be thankful that the fluctuations have not generally been wide and serious. The tide of values has receded only to return to the previous high mark or to overpass it. This may continue to be the process for some time to come, at least until business gains more confidence in its foot- hold and prosperity takes a more con- vincing shape. A great betterment might occur if the Administration's tax reduction plan is not thwarted by radical opposition. If the undoubtedly vast public sentiment in its favor shall be organized and brought into action, the Mellon program can hardly fail to be enacted in its entirety. With its triumph there should be no doubt of the fact that the country is to enjoy lasting prosperity and that’ would imply a strong and advancing market for all good corporation issues. Answers to Inquiries product have been greatly do not recommend purchase of the shar the stock of a well established, dividend pa E. c . Pas Better buy ng concern. Locomotive s industrial cor- its common stock, id had to issue debenture ver's hands I have no statement of record of divi It issues are far from attractive. ©., Oxia, New: While there is no likelihood at present of a boom in the stock market, the following stocks, which rit and divide dp d ssues of be in position to make furthe prudently consider frst class, first bonds: » Exer '. H. Sheafer Pen Co.'s G per cent. dividend was in cash and can be maintained. It would be better to hold the stock than towsell it at a loss of 830 per share. Possibly some day the company will so prosper as to bring the stock up te e price. no public n Bod low priced. onthly one of return + of these stocks is to be recommended It would be better to buy stocks. fifteen cen on par, 85. for purchase by a woman. “What did your wife say about you getting home so late last night?” “She only gave me a brief synopsis. | continuity to-day.” Poy I suppose she’s working on the a 4 u w th Cc fir des Th | | ; ; j mani and, to su in th ment comn tiark B. os orp butt ry Okla comicbooks.com