Judge — April 12, 1924 — page 30: what you’re looking at

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

IN WASHINGTON, D.C. O matter how much or how little you have to invest, you can protect your savings with improved, income-producing property in the Nation’s Capital, and with the safeguards which have made possible our record of no loss to any investor in 51 years. State and Federal tax free features bring the gross yield on these investments to 7.13%, thus making them especially attractive to conservative investors. In our experience of more than half a century in Washington, D.C., there have been but few periods when more than 6% could be obtained with safety. Two Investment Booklets---Free 1 it a Century of Investment Safety in the jation’s Capital.” Gives full information about our $100, $500, $1,000 and $5,000 First Mortgage Bonds. {] “How to Build an Independent Income.” De- scribes the plan investors throughout the country are using to get 614% on $10, $20, $50 ormore a month. Check [v] the booklet you would like to have--both if you want them.--and mail the coupon to us today. Oke F.H.SMITH CO. Founded 1873 SMITH BUILDING WASHINGTON, D.C, IF INTERESTED IN BUSINESS AND FINANCE, keep informed by reading the Bache Review, a ten minute weekly summary of the business and financial situation. It focuses and interprets currents of to-day and indicates thelr trend. Sent to business men for three months, without charge. s. dway BACHE & CO. New York City INTRO- ‘DUCTORY ‘OFFER! Se kd ts NER Site The W andar hgh et ith gold lied lever peat co fo 1.70 and in addi ‘barrel i es ‘our narhe on the OF BRAINS IGARS “MADE AT KEY WEST— Love's labor lost. | INVESTMENT BUREAU Subscribers tod por fare entitled to an ere to inquiries on Financial questions ‘and in emergencies to anawer by tele~ graph. No charge is made for this ser= rice. All communi- cations are treated confidentially. A two-cent postage samp should alicays be inclosed. Address all inquiries to the Editor, “The Padlocts of Security. 43d ew Y street Ano» no case be answered. IrreGuLAR AcTIVITY by Theodore Williams HERE has been of late much alterna- | tion of favorable and unfavorable affecting the industrial and financial situation. The passage by the House of a modified tax reduction bill and of the bonus measure was distasteful to business interests and their sentiment was disclosed in the securities market. There was some revulsion from previous optimism. The effect on prices, however, was more the checking of advance pos bilities than a downright lasting decline ions were recovered from quite quickly by leading issues and bearish influence beyond certain limits found resistance. There have been odd days on “°Change,” with some stocks going down and others going up, both bulls and bears having their innings at the same time. The course of business did not and does not furnish powerful arguments for the news 28 ultimate depression of values. A curiously doubtful and hesitant attitude is still in vogue in the business world, but. condi- tions do not justify serious distrust. The cutting of dividends on certain stocks for a time weakened quotations, but there is an underlying strength in the sounder issues which is as a stone wall to price-breaking. The more erratic movements in the stock market have been in issues of a specula- tive rather than of an investment quality. No security on the exchanges is immune from fluctuation, but the nearer an in- vestment a stock or bond is, the steadier is its value. T LOOKs now as if business and the securities. market may have worries for the next few months, but that cither good things will happen or the unacceptable news will be discounted without permanent slumps. ‘There are many investors who allow a moderate decline to scare them into selling at a loss. This was the case with some holders of Norfolk & Western Railroad shares when these sank recently to about 118. Developments pointing to a rise in N. & W. stock were already under way and those who held their shares had a chance to dispose of them at even more than they had paid. It profits investors sometimes to be patient in an unsatis- factory market. some Answers to Inquiries J., CooxvtuLe, Tex.: ~The Lewis Oil Co. has a capital stock of $15,000,000 common Class A and 85,000,000 Class B par 810. — Its holdings of oil lands in Texas, Oklahoma, Kentucky, Louisiana, and Mexico total over 100,000 acres and it operates several refineries. It was incorporated in April, 1921, acquiring control of a number of existing corporations, It reports considerable produc comicbooks.com