Judge — March 22, 1924 — page 28: what you’re looking at

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

An Expert Tells How to Judge Investments By S. T. Hemingway The question most frequently asked me by investors is “How Can I Be sure that my money is absolutely Safe?” The only positive rule for safety is the reputation and standing of the banking house offering the investment for sale. A conservative policy over a long period of years must be a characteristic of the house you select in order to secure perfect safety in your investment. Such a reputation in- sures that the house has developed a method of investigating and judging investments which does not overlook the slightest. detail which might affect the safety of the inves! ment. The security, title, earnings, insur- ance, management and a thousand and one details are carefully scrutinized by experts. Sure Tests of Safety One of the investment houses which has an enviable record of safety covering nearly 39 years has devised eight simple test which, when properly applied, furnish a com- plete and accurate index to the safety of every investment. With the aid of these tests the most inexperienced investor may go about the selection of his investments, confident that he is getting as high a degree of safety with as good a yield as insurance companies and other big corporations secure. They show how you may select the inves ment best suited to your needs—how you may protect your principal against loss or mismanagement The president of this company has in- formed me that he will be glad to send these tests absolutely free to any investor request- ing them. No matter what class of invest- ments you are making or have made, you ought to have these eight tests. They have prevented loss for thousands of investors— they may save you, too, hundreds of dollars. The request blank below is for your con- venience. Send to George M. Forman & Company, 105 W. Monroe St., Chicago, Ill. GEORGE M. FORMAN & CO. Dept. 43, 105 W. Monroe St. Chicago, Illinois Please mail me without cost or obligation a copy of your booklet, “Eight Ways to Test the Safety of ry Investment Name Address City IF INTERESTED IN BUSINESS AND FINANCE, keep informed by reading the Bache Review, « ten tainute 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 0., New Onteans, La.: The credit of the City of Buenos Aires is excellent and its new external thirty-one and one half year 6 per cent. sinking fund gold bonds doubtedly sec Principal and interest payable United States gold’ coin. . The city's revenues are entirely udequate to meet the interest on its obliga At offering price the yield was over 634 per cent. W., Sento, Wis: The Portland Railway Light & wer Co. pays the preferred dividend but not preferred is « fairly good bi el. & Tel. Company is the strongest in nd is 9 per cent. and it renders a good yield on market price. Southern Railway prospects are so good that there is a possibility of a dividend on the common stock. Preferred is paying 5 per cent. Studebaker, a prosp ‘ 10 per cent. on its common from par. While ‘garded Standard Oil izations, its present price is too high for its dividend ¢ Ohio Public Service Co. is Service Co. and its preferred und purchase. Armour & Ci the earnings of the corporation bay tely improved. The Wagner Electrical Mfg. 7 per cent. bonds are a fair business man’s investment. ‘The preferred stock of the Associ immons Hardware % be purchased with reasonable safety. t to purchase Illinois Light & Power land Tire & incorporated in 1920, Capitalization, $1,500,000 common; $1,500,000 8 per cent. preferred. 1 paid an initial quarterly dividend of 2 per cent preferred in The company is not strong. There ‘safer purchases, including Kel SpringGeld Tire 8 per cent. preferred and Bethlehem Steel 7 per cent. preferred. V.. Soxons, Cat: There can be no assurance that the money asked for by the stockholders protective com- mittee of the U.S. Automotive Corp. will save the situation. ired of you is not a large su to stake ation’s future, if you can be reasc ably certain will not be assessed for more. Vs. This Department is an Invest- ned with stocks and bonds, and not a mercantile agency supplying ratings on individuals and firms. This latter it has consistently declined to do from the beginning. N., Brooxtyy, N. Y.: The Nassau Electric Co. was in default of interest on its Ist 5s for about four years, but the company has been restored to the control of the reorganized B. R. T. Co., now known as the B. M. T. Co., and arrangements have been made to reinstate the bonds and to pay the defaulted interest. They might there- fore be called a fair business man’s purchase. E,, Loursviu Chicago, Memphis & Gulf’ RR, has shown deficits for years. It. has been leased to the Mlinois C on what terms is not dis- closed. road is financially weak, having paid no dividends since 1913. The first mortgaye 5s make a good yield on your purchase price, but bonds of a better road would be preferable. New York, March 15, 1924. Free Booklets for Investors First mortgage investments in the Nation's capital are the subject of a booklet issued by the F. H. Smith Com- pany, Smith Building, Washington, D. C. It describes the company’s investment savings plan whereby one can purchase first mortgage bonds paying 614 to 7 per cent. ‘on convenient terms. Under this arrangement an in- Absent-minded Dentist—Now, this is going to hurt just a little.— vestor can start with only $10 a month and each partial yyment will earn 634 oF.7 per cent. There is a money- back guarantee of principal and savings bank intere whenever a purchaser is unable to carry out bis contra: The firm's clain ns “No loss to any investor in fifty years.” For full particulars write to the company for Peoklet No. 24Q. > pe The Bache Review goes into many business offi rying a weekly summary of the business and i ion. It has been found to be very helpful. Cop for three me ined by any business F pplying to J. 5. kE without cha of the Ne James M. Leopold & : New York 3 7 Wall st will mail | rth a p or large lots may be investment house in the Se ley Building, Atlan How to Judge Sout s the net of th ined from tilt cight years’ experience in this feld. ‘The South is loping more rapidly than ever before and it needs la jounts of capital for upbuilding its growing cit Southern real estate bonds of high grade may be « tained paying up to 7 per cent. Adair Protected bonds are secured on the highest come producing ies in Southern cities. They are issued in de ns of $100, $500 and 81,000 and may be purchased outright or by the company’s monthly investment plan The advantages to investors of buying Miller. frst mortgage real estate bonds are set forth in a booklet “reating Good Investments,” issued Miller & 106 Carbide and Carbon Building, 30 ist. Forty second street, New York. ‘These bonds pay as bigh as 7 per cent., the y steadily increases because borrowers make monthly payments, a ces do not fluctu The booklet appeals to those who have lost money in speculation or have recei te returns on by applying to, Miller . a and a description of a 7 per cent. bond issue. Read O NE RAINY evening a tourist in Central Arkansas stopped at the Smithville garage to inquire about the condition of the road to Punkton, which was not hard- surfaced. “Couldn’t drawled the garage man in response to the stranger’s question. “Do you know anybody who might know about it?” asked the tourist. “There's a feller that works here what would,” answered the native after a brief pause. “Can I see him?” “Wal,” replied the garage man slowly, “ye'll have to wait awhile. He got stuck in the mud on that road this mornin’ an’ he ain’t out yit.” Passing Show. 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