Judge — March 1, 1924 — page 28: what you’re looking at

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

acne = Where Is 712% a ‘Safe Investment Rate? The answer is, In Florida. There are not many places left in the United States 50) where @ can safely be obtained on high-grade first mortgage security. A 747% ratein Florida is the equivalent, in terms of safety, of 614% in the older, long-settled sections. — Florida pays more because the State is mid-way in its remarkable development, and requires millions of dollars a year to complete its growth—just as American railways spend $1,000,000,000 yearly for more equipment. Investors all over the United States have been buying Miller First. Mortgage Bonds for years and getting the liberal Florida rate, with never a dollar's loss. Mail the coupon today for descriptive book- let, “The Ideal Investment G.L.Miller BOND & MORTGAGE Company Florida's Oldest First Mortgage Bond House 203 Miller Building - - Miami, Florida Miller Bond & Mortgage Company, 203 Miller Bullding, Miami, Florida. | Please send me, without obligation, free booklet, “The Ideal Investment,” and recommend good 754% investment for $... woo; maturing | ip abo ." (These bisnks need not It Years. de filled in, but they help us to give you personal | attention.) | Investment Opportunities The securities market at present offers good chances to far-sighted investors. The issues of many leading corporations—long established, seasoned dividend payers—are selling below their intrinsic worth. Whatever may have happened during the past, the investment uality of these issues has not been impaired. hey can be prudently bought and they render fine yields on market price. They also bid fair to be profitable as speculations, for they promise in time to seek higher levels. The Investment Bureau will gladly specify to inquirers stocks and bondsthatarereasonably safe and desirable. The Bureau takes the long view of the securities outlook and does not attempt to forecast day-by-day developments, or to advise as to quick turns. Its attitude is at all times conservative. It aims to guide the investor to sound commitments and to safeguard him against undesirable promotions and danger of loss. The Bureau stresses the point that fluctuations in prices are inevitable in any stock market, but that these are of less concern to the well-advised investor than the merit and the safety of the issues he may be interested in. Its opinions in each case are as un- biased as the editor's judgment can make them, and are based strictly on the available facts. No issues are commended that do not seem praiseworthy, and no issues are condemned unless they are unworthy. It is a source of satisfaction to the Bureau that so many readers have expressed their appreciation of the information and advice which it has given Scores of subscribers have gratefully acknowledged that they have been saved from serious losses by its warnings, while a host of others have been guided into making worth-while investments. Answers in these columns have often led inquirers away from the path of disaster to that of safety The subscription price of this paper is a small matter compared with a possible loss or a possible gain of hundreds or thousands of dollars In this connection, attention is called to “Free Booklets for Investors,” one of the features of this department, sppearing in another column. There may be found the names and addresses of reputable houses which are ready to send to all applicants letters and circulars containing information which may be of much value to persons desiring to invest money to good advantage. your life like that. INVESTMENT BUREAU Subscribers to Jvvar are entitled to an- avers to inquiries on financial questions, and in emergencies to ansicer by telegraph, No charge 1s made for this service. All communications are ‘treated confidentially, A tio-cent postage stamp should alicays inclosed. Address all inquiries to the Fi- nancial Editor, Junae, 627 Weat 13d St., New York, giving full name and ezact atreet address. Anonymous communications will in no case be answered. A Market Wir Vita.ity by Theodore Williams ovusts as to the character of the D present securities market have re- cently had a series of dispelling shocks. Whenever prices have a distinct advance there occurs, as is natural, a good deal of profit taking. Sales for the short side also are much in evidence. This com- bined selling, sometimes considerable in amount, results in recessions, and might a few months ago have caused slumps more or less severe. In the present temper of the investing and speculating public, how- ever, there is little hesitation. New buy- ing is quick to take advantage of declines. The consequence is that lost ground is rapidly recovered and quotations rise to previous, and even higher, levels. The process is somewhat slow and ir- regular, but it has revealed so much strength of undertone and positive up- ward trend as to bolster the belief that this is a sure enough bull market. It is difficult at this time to see how, in the absence of a cataclysm, there can be a return to past dullness and depression. A aspect of the business situation not often considered has lately been given some attention. It is admitted that 26 The Man (gloomily)—I was told to go abroad at once. The Girl—Nonsense! These doctors musn’t frighten you out of “It wasn’t a doctor. It was a lawyer.”’—London Opinion. in ordinary commodities demand may be steady rather than brisk for months to come. But there are continually being conceived new devices or lines of servi that tend to enhance business activities. American ingenuity and resourcefulness are constantly at work creating conveni- ences that become necessities and that give impetus to existing business. The field for these developments is unlimited and they bid fair to increase in number, thus swelling the total of profitable trans- action. Wheat growers of the North- west may be one-croppers, but the people of this great country generally are not. They have the faculty of branching out in many directions, and it is probable that in the next few years they will produce a host of as yet unforeseen inventions or opportunities for the making of money and the stabilizing of prosperity. And from this the securities market must profit. Answers to Inquiries C., West Porst, N. Y.:, Among preferred stocks classed as gilt-edged, or nearly so, are National Biscuit, can Car & Foundry, U. S. Steel, American Loco- fandard Oil of N. J.. Corn Products, Atlantic jing, Lorillard Company, Studebaker, Rai 1 Spring, National Lead and Baldwin Locomotive. The yield on market prices ranges from 5.78 per cent. to 6.25 per cent. R,, Touedo, 0.: The first mortgage 534s, series A. of the Union Electric Light & Power Co. of Illinois are due in 1954, and they have soundness and merit. The company is controlled by the North American Co. and the bonds are seoured by ample property. The plant of the company is to be leased by the Union Electric Light & Power is serving a large part of St. Louis and thirteen counties in Missouri. The return on the lease will be several times the interest on. these bonds. Union Electric Light & Power Co. of Missouri is a liberal payer of dividends. The bonds were issued at a price to yield 5.8 per cent. Y.: | The net earnings of the Austin d so large last year—85 to 87 per share ‘on common after dividends on preferred—that it is hoped in some quarters that the directors at their meeting in March will place the common on a 82 of 89 yearly dive dend basis. The market price of the stock has nearly discounted a 82 rate. A 83 dividend rate would warrant a higher price than the present figure. The company's 3! comicbooks.com cm << ae = canni recor 60 can b into utilit real | these