Judge — March 29, 1924 — page 28: what you’re looking at

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

INVESTMENT BUREAU] entitled to an- awers to inquiries on financial questi Subscribers to. Jvnar. are No charge is made for this sere communications are ‘treated con 1 fieo-cent postage stamp should always be {ddress all inquiries to the Fi- dito West 3d Sti t ‘and exact and ine Prosperity CONTINUES by Theodore Williams HE VOLUME of general business trans- acted during its twelve month the profits derived therefrom, justif calling of 1923 a year of prosperity. Mel- ancholy forecasters were proved to be lacking in foresight. Some were wholly, others partially, blind to the immense developments of industry and trade. Not everybody made ‘adequate money last year, but the great majority of enter- prises did. Some concerns, it is true, went backward. Yet many got so far Readers of the Review are invited to avail themselves of our facilities for information and advice on stocks and bonds. Investment in- quiries will receive careful attention, without obligation to the correspondent THE BACHE REVIEW Sent for three months, without charge J. S. BACHE & CO. Established 1892 Members N.Y. Stock Exchange 42 Broadway New York City forward that they were enabled to. in- crease their dividend rates. The present year, thus far, has not been discouraging to business interests in the main. ‘There are plenty of persons look- ing ahead for trouble, but, discounting all unfavorable facts, a summary of reports coming in from all over the land must convince one that the nation on the whole ng, with excellent. prospects of continuing to do so. ‘Phe exceptions are not due to unsoundness of fundamental conditions. There is a solid basis for business in the vast domestic demand for commodities and s, and in. the growth of commerce with foreign peoples. There is no likelihood of a permanent de- crease in the existing requirements from mines, factories, or fields. ‘The margin of profit will vary in almost all instances, but supplying of the public’s necessities will not cease. There is a widespread feeling that business is going to jog along steadily the rest of the year, in spite of the uncertainties created by the political situation. is prospe servic From that state of the case the investor and speculator may well take their cues. A boom in securities is not casting its brightness before, nor is there visible the shadow of a serious reaction. On reces- sions, and for keeps, the better sorts of stocks and bonds bid fair to remain rea- sonably safe purchases, with possibilities of advancing in that livelier day which, soon or late, is bound to come in all the markets. Answers to Inquiries B., Detrorr, Micn.: Action of importance to its shareholders has been proposed by the Radio Corporation of America, The plan is to reduce the number of pre 26 yy Zig w to be exchanged for ev zs of the company ferred dividend. Common may but not soon. This indication of rage holders of both preferred and without prospect of a return. Sinclair Consolidated Oil rded as reasonably safe ing 8 per cent. on preferred, 2 per «d apparently is in a position to con The bonds, ther are in a good posi The oil flurry is likely to pass and in that ease the Jd improve in price, But instead of buying in, L would suggest that 7 per cent. first mort ponds would be a safer proposition. T Chemical ( gone, into prosperity sh common whe tinue to do so. tion. bonds 31 enough was talk that does not powerful and ‘d stock has a nable safety. dle States Oil. If vou nay be better to hold than to sell at : own none of the shares, you should derstand that they are highly speculative and possib a long pull M., Poncenivttie, Va.: International Nickel is p: ing the preferred dividend of 6 per « ot 4 go own its stock, it pole 4195 Section of any telephone desk pad. comicbooks.com