Judge — April 5, 1924 — page 26: what you’re looking at

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

Why Not Get 1% More— With Safety? Owners of Miller First Mortgage Bonds, who live in every State, are receiving 1% more interest than similar investments usually pay. The reason is that Miller Bonds are secured by property in Florida, where rates are 1% higher. And Miller Bonds have never failed to pay interest and principal on time. “A variation of 1% or 2“ in interest rate, when the security is equally sound, is not uncommon,” writes a well-known au- thority in discussing why some sections pay a better investment return than others. If you would like to get 1% more on your money, with assured safety, mail the coupon to day for circular, ‘‘Invest by the Map,” and description of a Miller Bond Issue. G.L.Miller BOND & MORTGAGE Company Florida's Oldest First Mortgage Bond House 204 Miller Building - - - a E Miller Bond & Mortgage Company 204 Miller Building, Miami}, Florida Please send me, without obligation, circular, “In- ie by the Map,” with description of a Miller’ Bond sue. Miami, Florida Name Address City and State 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. ¥. Stock Exchange 42 Broadway New York City Investment Opportunities — The securities market at present offers good chances to far-sighted investors. ‘The issues of y leading corporations—long established, soned dividend payers—are selling below their intrinsic worth. Whatever may have happened during the past, the investment quality of these issues has not been impaired. They can be prudently bought and they render fine yields on market pri They also bid fi to be profitable as speculations, for they promise in time to seek higher levels. ‘The Investment Bureau will gladly specify to inquirers stocks and bonds that are reasonably 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. Its opinions are as unbiased as the editor's judgment can make them. Tt 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. In this connection, attention is called to “Free Booklets for Investor: pearing in another col- umn. There may be found the names and addresses of reputable houses which are ready to send to all applicants letters and circulars containing informa- tion which may be of much val to invest money to good ad INVESTMENT BUREAU Bkea lip froma Wise Ole Beaver, Subseribers toJvpai are entitled to an sicers to inquiries on financial questions ‘and in emergencies to answer by tel graph. No charge ts made for this rice, All communi cations are treated confidentially, A two-cent postage stamp should alicays be inelosed, Address all inquiries to the Financial Editor, Jcnar, 627 West tid St. New York, giving full name and exact street address. Anonymous communications will in na case be answered. TAXEs AND THE MARKET by Theodore Williams a 1s generally agreed that tax reduetion would not only benefit general trade, but would also stimulate activity and higher prices in the securities market. This should not be a mere artificial and temporary exciter of transactions. On the contrary, it would have a lasting good effect on the business of the exchanges. For on them is reflected the rates of earn- ings of many corporations whose issues are held by hosts of investors and portions of whose profits figure in the income accounts of tens of thousands of persons. Tax reduction, therefore, would mean to holders of securities something more than a cut in the levy on their net incomes. It would affect for the better the value of their holdings of corporation the sum total of their wealth. Congress, swayed by diversity of opin- ion, failed to pass the joint resolution providing for an all-around 25 per cent. es and 24 —Passing Show. cut in the income tax for 1923. Action to that end would have been helpful to quotations of stocks and bonds and would have aroused a hopeful feeling in financial circles. It would hardly have started a boom, because the great tax reduction bill is still to be carried through Congress and its shape and fate are uncertain, ‘That fact is a present handicap to the market. In the absence of spectacular develop- ments in business or politics the market may be expected to remain humdrum and of little interest for the immediate future. ‘The seesaw of prices will lx repeated over and over, the sags of one day being recovered from on the next. While this will not satisfy those who yearn for big price movements, the will favor conservative investment. If the trend is not to be strongly upward neither is it likely to be heavily down- ward. Hence buyers for keeps have a certain assurance of safety in their pick- ing up of bargains. recessions Answers to Inquiries L., Pactric, Mo.: Cahokia 6 per cent. cum preferred stock of the Union Elec ht & Po of Illinois appears to be a s urchase because the arent company is prospering and paying. liber lend 4 Ranway, N. J: ‘The two cables of the Ame been leased by the Western Union . at a rental of 5 per cent, on the & Cable Co. stock. Until the end of the ividends of the latter company will be mings of the New York Dock Co, have iderably and if y the preferred stock you go into a speculative v Of course, should the Shipping business improve, the income of the company should increase. D., Attaxtic Crry, Oil and natural gas cou: panies are being continually organized in various parts of the country and it is not possible to keep track of one tenth of them. The stock of a natural gas company’ is usually very near a gamble. ‘The supply of gas may be exhausted at any time. You had better put your money into something more substantial F. Yonx Crrv: Although the Aircraft Construc- Corporation hes d, and its stock highly T doubt very much the wisdom of increas comicbooks.com