Judge — March 8, 1924 — page 28: what you’re looking at

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

| INVESTMENT BUREAU. Subscribers to Jupae are entitled to an- wera to inquiries on financial questions, and in emergencica to answer by telegraph: No charge is made for this service. All communtcations are ‘treated confidentially, A two-cent postage stamp should alcays be inclosed. Address all inquiries to the Fi- nancial Editor, Juvar, 627 West 43d St., New York, giving full name and ezoct atreet address. Anonymous communications will in no case be ansicered. Tue Cueapness or Money by Theodore Williams Ou or the leading factors contributing steadiness to the securities market is the continued cheapness of money. For months the rate of call money has hov- ered in the vicinity of 414 per cent., and funds in abundance have been obtainable by anybody presenting suitable collateral. Credit facilities are entirely adequate. At no time has there been a widespread fear of monetary stringency. If any enter- prises have gone wrong during the past few years it has not been because of se: ity of a thoroughly valid medium of ex- change. Profits from production and the savings of the people have been equal to large investment in issues that command confidence. ‘The speedy absorption of the Japanese loan is an instance. So long as our currency is sound its ample volume cannot work detriment. It will not, like the inflated currencies of some foreign lands, cause serious disturb- ances in the business world. It may be expected to increase in amount from year to year to meet the needs of expanding business. That will be a natural growth, but under our present banking system, it is not likely that inflation will get such headway as to impair stability of values. The American do! is the best and safest money unit in the world. It is backed by half the gold supply of the globe and by prosperous conditions in the United States. Itis playing a potent part in preserving the markets for securities and commodities from the wild storms of fluctuation witnessed where depreciated money exists. Prices on the exchanges in- evitably vary from time to time, but they suffer far fewer reactions than they would were not American money as good as it is plentiful. The quality and the quantity of our money supply are helpful influences in the cinching of prosperity. Answers to Inquiries M., Cacaco, Itt.: ‘The Heine Boiler Co.'s 6 per cent first mortgage bonds are well safeguarded by a provi that quick assets at all times must equal 125 per cent. of the face value of the bonds and no dividend can be paid on stock unless quick assets total twice the amount of the bonds. The company has been an_ irregular payer of dividends and i concern to seems to be a sufficiently prosperous in interest payments. S., Unica, N. Y.:, Republic of Bolivia 8 per cent. gold bonds are among the well regarded foreign issues. The credit of the country is good and it seems reasonably safe to buy this issue. R., Wensten, N. Y doubtless sure to United States of Brazil 8s are n care of, both interest and princi- pal. They are not so highly esteemed as formerly be- cause of the financial laxness of the government. To some extent this has lately been corrected and the bonds may be classed as reasonably safe. ., Maxcursten, N.H.: With your $2,000 you might prudently buy such stocks as Union Pacific, N. Y. C tral, Atchison R. R., Bethichem Steel preferred, American Water Works & Electric 7 per cent. pfd., and U. S. Rub- ber pfd. Among worthwhile bonds are Hudson & Man- American Girl—Mother thinks you are perfectly lovely! French Suitor—What does your daddy think? “He thinks mother has gone daffy.” hattan Ist and ref. 5s; Bethlehem Steel s. f. ain dividends on |AGINAW, ‘garding th ald not be surprisi increased and the pr figure which you paid, ‘The Consumers Power Co. stock which pays a dividend of 6.6 per cent., i ferred issue and ii not to be too ven: ks, Better buy a few ithout too much trouble U.S, Smeiting, R. ond M 1 can pa d out too far. b ‘ood purchase at 40, company i: I dividend on was a pre! S it is paying common. T is a going I dividend of concern and is a good or, La. U business man’s investment. 8 per cent, , Rauwar, N.J.: Both Worthington Pump preferred common is and Goodrich preferred are paying their 7 per cent. divi ings of th ly increased and re dends and are likely to continue doing so. The products mption of dividends is expected before long. Willys of both companies are useful and in demand and should Overland preferred has a very promising outlook. ‘The Zss VG The Ups and Downs That Take Your Money When the line of stock prices goes up on the chart, everything seems fine. When it comes down, the face of many an investor is clouded with gloom. He may lose money, and he is worried. Stability is one of the fundamental requirements of a good investment. Why not get away frem the fluctuating line entirely and put your money into | Miller First Mortgage Bonds, which do not vary with the day-to-day mar- ket? The interest rate on these bonds (up to 7%) is far more than most people can ever hope to make by speculating. Mail the coupon to-day for free booklet, “‘Creating Good Investments.” eine cal Sain ieee Sale Miler & Semmany nts, | G.L.MICLCER & G. WOE 2nd St New York 1 105 Carbide and Carbon Building 30 East 42nd Street, New York : Philadelphia Pittsburgh St. Louis Buffalo Please send me, without obligation, booklet, “Creating Good 1 Investments,” with circular describiig Millet First Mortgage y Bond Issue paying up to 7% Name i Atlanta. Memphis Knoxville Address , No Investor Ever Lost a Dollar in City and State 1 Miller Bonds comicbooks.com