Judge — February 2, 1924 — page 28: what you’re looking at

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

To investors: People who demand gener- ous interest and absolute safety for their dollars are constantly requesting infor- mation about an investment booklet called "A Mortgage on New York” This book is published only by the Columbia Mortgage Company and is distributed to investors gratis, on re- quest. With it we also send a book which contains the Tresults of a nation-wide in- vestigationof FirstMortgage Real Estate Bonds, as well as some letters from actual owners of Columbia Bonds. Regardlessofthesizeof your investments, you should have a copy of these valu- able and interesting books. Just mail the coupon below. CoLuMBIA MorTGAGE CoMPANY Columbia Mortgage Company Building 4 EAST 43RD STREET, NEW YorRK City -------+-For Mailing- COLUMBIA MORTGAGE COMPANY 4 East 43rd St., NewYork City Gentlemen: Please send free copies of your booklet “A Mortgage on New York” and the new book “The Verdict of Thirty Bankers”. 2-K-217 Name... Street... City and State é sian aa eee ee aE EERIE IEEE EEEIEEEEEEEEEEEEEE! IF INTERESTED IN BUSINESS AND FINANCE, keep informed by reading the Bache Review, a ten minute weekly summary of the business and financial situation. It focuses and interprets currents of to-day and indicates their trend. Sent to business men for three months, without charge. J. S. BACHE & CO. 42 Broadway New York City INVESTMENT BUREAU Subscribers to Jovae are entitled to an- avera to inquiries on financial questions, and in emergencies to answer by telegraph. No charge is made for thie serrice. All communications are ‘treated confidentially. A two-cent post ¢ stamp should always inclored. Address all inquiries to the Fi- nancial Editor, Juocr, 687 Weat 43d St., New York, giving full name and ezact ‘street address, Anonymous communications will in no case be answered. The Rising Tide By Theodore Williams © FAR in 1924 no very pronounced S bearish tendencies have been visi- ble in the securities market. These may possibly appear later, but only a handful of doubters are expecting that. At present underlying strength and a general upward trend characterize the situation. Buying on the long side has been confident and brisk; short-selling has burned many fingers, and the taking of profits has but slightly set prices back. The public is at length coming into the game, and odd lot buyers, who so fre- quently store away their purchases, have increased in number. Business is not tending toward dullness and reaction, but continues reasonably good, and seems to be soundly based. The steel industry reports distinct im- provement; the automobile manufac- turers foresee larger transactions than in 1923; the railroads are preparing to ex- pend $1,000,000,000 this year for better- ments and supplies if Congress eschews radical legislation; the Mellon tax-reduc- tion plan is gaining strength; and some relief has come to the sorely beset farmers in many localities. These and other promises of prosperity are having their psychological effect in bolder and wider trading on the exchanges. HE FORWARD movement in securities has been, for the past few months, too determined and steadfast to be easily re- versed. The market is unquestionably in the bullish class. How much farthe the advancing impulse will be maintained cannot, of course, be foretold with abso. lute accuracy. But the burden of Proof is now on the pessimists, and they are making sadly desperate efforts to discover unfavorable conditions. Their dismal forecasts at times strain the imagination, The cheering concrete facts contradict gloomy fanciful abstractions. Although the market has improved much, and although it would have been better to buy issues of merit when they were lower, investment at this time would not be belated. If current progress js not unexpectedly and severely checked, higher prices must be in order in the near. by future. These may not be of boom proportions, but they should at least protect buyers from loss, and may assure them in the end substantial profit. Answers to Inquiries P., Worcester, Mass.:_ Decline in production of ail in Mexico so adversely affected the Mexican Seabosn Company that it suspended dividends and the pri its stock fell to a low figure. It has been sellin under 815, and immediate recovery is not like American Express Company is prospering and pay yearly dividend of 86. The price of the stock is abore and in these days the yield is hardly a sufficient ove. Wickwire Spencer stock has been selling very low becaue of lack of enznings. The stock makes occasional spurts upward. It has speculative possibilities because the company should have a future, C., Nasuua, N. H.: The Central Copper Company cf Arizona is not a concern whose stock can be recommended. You will not do wisely if you buy more shares. Millioas of dollars worth of stack has been sold to the publi, bt the mine has not yet been developed to the profit making and dividend poying point. “Mining experts questi the value of the ore deposits. However that may te, putting money into the concern is an uncertain ventur f you have more money to risk on a copper mine you had better buy a dividend payer. A., Bostox, Mass: All the leading Standard (i issues have merit. The companies are in good financial condition with undoubted futures, but you cannot look to them at present for generous returns. These my come later. S. 0. of N. J. 81 on a recent market price of about 810; 81.40 Bie about of Cal. $2; ‘price about 362: $0. hese quotations are based Ind., 82.50, price about 865. on expectations of melon-cutting in. the course of the next few years. It hardly seems advisable for you to Jock up your $3,000 for four or five years in issues makit such sight yields, when you can buy quite ss soul securities paying 6, 7 or 8 per cent. on the market pri W., Seatrue, Wasnt: The Market Stre Company's first mortgage 7s rank as fir company operates an extensive railway system in San Francisco and its net earnings are two and a half tines interest charges. The bonds are due in 1940. They were issued at par, | Mr. Self-made—And remember that wealth is the difference be- tween income and expenditure. Self-made, Junior (on the carpet for extravagance)—Well, what’s debt?—Weekly Telegraph. 26 F., Arm the Contin by time. vould not tire eonce ell estat wise to ris not assure J, Pua & Finance feldalreac to make g prosperity integrity rove to | uncertain, nies wh is a stron, rather irre the oil i farther, ir current q and it wo this year. wonderful payment wp the 2 can be satisfied, without b comicbooks.com