Judge — April 12, 1924 — page 31: what you’re looking at

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

tions, but it has apparently thus far paid no dividends Lits surplus is only moderate. The shares are inactive, ‘The best of oil stocks are more or less speculative, but if oil socks are bought at all they should. be such is pay idends. Lewis Oil stock seems possibly a long pull wth and prosperity ed stock a good y is one of the largest utility cor- country as well as a large oil producing ts preferred stock is certainly a “good business It enjoys an active m. 2 Wana, Mass: Your confidence in the ability of Tobacco Products Corporation to continue its 6 per tent. dividend on common stock is not shared by financial people general > company’s report for 19 that it did not earn its full dividend, and de 1m of its officials the maintenance of the present ‘s uncertain, At present it would seem inadvisable to average on the stock. } Pontuaxo, One: For a man of moderate re- nt Acceptance Corporation stock and other Durant enterprises are not to are not yet in the dividend Whose means are limited should non, oF first mortga 7 per cent., such as are fre W., ALTON, Inn: Fe orporation with a ve record. It paid good dividends and fre Nominally the preferred is on a 7 cent. basis, but the stock is not first-class and reli prudent to invest your mon ter record of dividend paying. wealth Finance Corporation is not a New Scceey Coun tala Sauk Dakot It is paying dividends on preferred and recently declared a stock dividend on common. ‘Th concern has had a rather peodliar career. Its issues are not attractive nor dey Cicsco, Iu. Power Co. was. only paying tly adve UGE. Mining & one. Southwestern Gas, Light & ntly incorporated. It is a werger of several companies. Its capital is small and the corp tion is not of great importance. It does not appear be paying dividends. ‘There are many safer purchases than ite notes, though the latter possibly will be redeeine at tnaturity. It would be safer to buy first mortgage per cent. at 100 than to buy _ notes at 9934 if a subsidiary of the big pire Gas & Fuel cent. bonds are They quoted international Match Co. Obs purchase as the com: sand prosperous Co. 1s in good sta well regarded and Tire & Rubber C fairly good, but hi for a wom Tt would be ate 7 per cent i first-class, but not really speculative. ‘The irns on its stock. The decline in French € to the economical and financial unsettlement in France. With a serious de franc due to inflation of paper currency, there was be ning for France what happened to Germany. French bonds of all classes deck < the frane went down, The slump in the frane has been checked by the Morgan an to France of $10,000,000, and prices of French issues have firmed up somewh B., Attooxs, Pa. any list of good securities it would be proper © to include American Can preferred, Ameri ‘elephone Ete legraph, rican Woolen, Atchison, el and pre w R.R., Pull Southern Paci udebaker, and Western Union. T though with certain differences tee y Wurlitzer this tin Dar & Fo ol Foundries or Union Pacific however, is a good business man’s s so desirable ing 9 per cent. y based than Bethlehem Steel common, though the latter, paying 85 a year, is making a good return on its market price. Among other excellent stocks graph Drawn by ae Haurant. “If Ah wasn’t so doggone tired, Ah do believe Ah’d get up an’ stretch!” Send for the Story that Fits Your Case | Wika s investor has at times wondered whether his money is safe, and whether he could not maki faster. of making a big profit. called “Investment Stories From Real Life, e it accumulate He may have been tempted to speculate in the hope We have published a series of stories ”’ which answer in a clear, interesting way the questions that have puzzled investors. foundation principle of ment, so that he nev worry about his money agai e imple you will wo: et thought of it. Ri that every investor should follow in buying securities. afe invest er hh “Two Men and Their Money’ at happens to difference between specula- tion and_ investment, and some plain facts about the different kinds of securities and why they differ. $100 Bonds; $500 Bonds; $1000 Bonds Yield: up to 7% G.L.MICLER = G. 107 Carbide and Carbon Building 30 East 42nd Street, New York Philadelphia, St. Louis, Pittsburgh, Buffalo Atlanta, Memphis, Knoaville No Investor Ever Lost A Dollar in Miller Bonds Which of these three stories fits y our case? “How Henry Wilkinson Became > it if he sure plan of sa How one of wealth discovered the sec old arithmetic t Study these three titles carefully, decide which story fits your case, and mail the coupon at once for a free copy. Investors all over the country have read these stories with profit and are today drawing 7% interest regularly on safe, first mortgage bond investment. MAIL THIS COUPON TODAY ee G.L. MILLER & CO., Inc. bide and Carbon Bi it 42nd Street, New York Dear Sirs—Please send me the story I have checked How Henry Wilkinson Became Rich G 1 Don't Guess—I Invest G Two Men and Their Money Name Address City and State on the New York Exc ge are Union Pacifie commo w York Central, Southern Pacific and Bethlebe Besp, Ivp.: purpose is entirely out of my: line But this I will say If the property in Goshen is of sufficient value to make a mortgage of $1,000 on it a good risk there should be no trouble in getting a savings bank or some other local controller of capital to advance the required funds. Haatros, O.: The Cities Service Co. is one of the largest and strongest corporations in the United States. Itis not only a great public utility organizatic but also a leader in oil production, It has many subsid- iaries and its reports indicate increasing prosperity. Its own issues and those of its subsidiaries are generally well regarded. The preferred stock and bonds of the Cities Service Co. and the bonds of its subsidiaries are especially good purchases. J., Toreno, O.: Steel's Consolidated Inc. recently incorporated as a successor to the defunct Steel enterprises, ‘The new company's authorized is $7,500,000 and it will take over the assets of the > rests through the stockholders’ protective trust ‘a commendable effort to retrieve a disastrous venture but the outcome of it cannot be foreseen. More con: servative management than the old company had might give the new one a chance. was ea large increase in gross earnings, but also there was increase in efficiency of operations. And rigid economies. The outlook for the railroad is fine and there appears to be no doubt of being able to maintain its dividend rate of 7 per cent. H,, Syracuse, N. Y.: U.S. Rubber C 1923" was fairly ‘good, but not so enco had expected. ‘There was an inc report for ing as many ease of over 10 per cent. sales last year, but the net earnings were $300,000 under those of 1922. After fixed charges and dividend on preferred, the amount earned on common was $2.28 against $2.65 a share in 1922, Apparently these figures make it unlikely that the dividend on common will soon be resumed. ‘The dividend on preferred, however, seems well assured, J., Punspenenta, Pa.: ‘The recent drop in the price of Westinghouse stock was due to the announcement of an increased issue of sh A part of the increase will Ro to the stockholders in the shape of a 10 per cent. dividend. The remainder will be sold, Officials state that the increase was necessary in order to finance the company’s largely expanding business, It needed more facilities and additional working capital, There js no nt danger of a cut in dividend because of this nlargement of capital. “New Your, Apr 5, 1026. 29 Free Booklets for Investors Adair Realty & Trust Co., Dept., 1-1, Healey Bldg., Atlanta, Ga., “the South's oldest mortgage investment house” offers to send to any applicant its interesting book- let, “How to Judge Southern Mortgage Bonds.” The com- pany has been in business for 58 years and Adair Protected bonds have been purchased in every section of the try. These securities are based on valuable Properties and yield 7 per cent. to the inves company is strong authority on S values and condit How good securities in small or large lots may be boug! on the partial payment plan is told in Booklet 1-7 which explains the methods and terms adopted for this kind of dealing by James M. Leopold & Co., long-established and members of the New York Stock Exchange, 7 Wall street, New York 4 ablished 1892, members of the 42 Broadway, New Yorl offer to send to a dress the authoritative Bache Review for three months without charge and also to give the readers of the Review the benefit of their facilities for information and advice on stocks and bonds. The company invites ‘correspondence. ‘The majority of people like to know what the average in has don es of stories called has been issued by and can do. This series comprises ess, | Invest”; “How “Two Men and Their by prudent investment one can better his fortunes and. secure a competency. Miller & Co. are widely known as distrib- uters of Miller first mortgage real estate bonds which come in denominations of $100, $500 and $1000 and which yield up to 7 per cent. sae Mrs. Elinor Glyn is producing films. 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