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

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

FINANCE AND INVESTMENTS Reinvest your July funds in 1 BONDS Safe Safety of principal must be the first consideration of every in- vestor whose aim is the sure accumulation of wealth. During 59 years—since 1865, not one investor has ever lost a dollar through first mortgage investments recom- mended by the South’s Oldest Mortgage Investment House. Adair Protected Bonds are safe. Stabl e Constant watching to guard against loss from invest- ments in fluctuating securities soon be- comes annoying and even the most experi- enced investors cannot foretell the market trend. Adair Protected Bonds are trouble- free and worry-free. Being absolutely stable, you can buy Adair Protected Bonds and forget them (except to clip the coupons), secure in the knowledge that they are always worth what you paid for them. After the safety and sta- Profitab QS bility of an investment is established, the next question is the return. To accept a lower return when a higher return with equal safety may be had, is simply to lose money. Adair Protected Bonds offer the attractive interest rate of 72, which is the normal rate in the South. 7% com! pound interest will practically double your money every ten years. Adair Protected Bonds are Safe, ‘Stable and Profitable. Mail the coupon for free booklet “How to Judge Southern Mortgage Bonds,” our free booklet, is well worth a careful reading. It will enable you to select 7% investments of proven safety. We will gladly place a copy in your hands. Simply mail the coupon below. ir Protected First Mortgage Real Estate Bonds ADAIR REALTY & TRUST CO. Healey Bldg., Dept. 1-8, Atlanta, Ga. Gentlemen:— Please send me without obligation your booklet, “How to Judge Southern Mortgage Bonds.” Name Address YOU CAN BUY Good Securities in Small or Large Lots Partial Payments Ash for Booklet L-7 which explains our plan and terms James M. Leopold & Co. Members New York Stock Exchange 7 Wall Street Established 1884 New York | yet been ESIMESTMENT BUREAU Subscriberstod voor are entitled to an- awers to inquiries on financial ‘questions ‘and in emergencies to answer by tele- graph. No charge ts made for this scr- tice. All communi cations are treated confidentially. A Beca cme. cent srortece use you fail tohred stamp should always the advantages offs lank be inclosed. Addrees Account bik Qll inquiries to, the overtakes you. Financial. Editor, Jvvce, 627 West 43rd St., New York, giving full name and exact street address.” Anonymous communications will in no case be answered. An Unstable Situation by Theodore Williams S For a long time past, more or | instability characterizes the securi- ties market. No decisive trend has as tablished. Even optimists are putting off the day of lasting better- ment until a somewhat distant date. In reputable quarters the belief was recently expressed that slackening of busines: touched bottom and that the numerous stock declines had discounted that fact. A new recent advance was hailed as a discounting of an improved business: situation due in the fall. But a part of the gain was admittedly the work of pools and the activity of the bear contingent, and some weakening of prices tended to damage that theory. But, whatever fluctuations may happen, if the market can average holding its own during the uncertainties of the Presiden- tial campaign, it will do very well. Fundamental conditions seem too sound to permit any serious crash, and there are encouraging features to be noted. Believing that the country is, in the long | run, bound to prosper, hosts of discrim- inating buyers are taking advantage of recessions to add to their desirable in- vestments. Answers to Inquiries G., Aupasy, N. Yu: Among stocks “yielding about 10 per cent. on market price and whose dividends seem fairly well” assured” thlehem Steel common, American Woolen . Studebaker common, Rubber preferred, Famous Players, Wright Aeronautical, Union Bag & Paper, and Advance Rumely preferred. Of course, these issues could not be had at current quota or less of the speculative. F., Wooptanp, W Good reports are made of the financial condition of the Puget Sound Power & Light Co, The 6 per cent. preferred stock, selling at about 83, may therefore be regarded as an_excellent, business man’s investment. The bonds of Bolivia, Peru and Brazil paying 8 per cent. would not sell below par were greater confidence felt in the financial wisdom of the governments of those countries, fh American public ed the highest skill in managing y these bonds will be cared ice between the referred look: like a pretty good business man’s investment, though thi company does not appear to be so strong as the Puget Sound P. & L. Co. New York, and G. Wuartox, Tex.: 4 hat are inviting nably safe pur- this time, primarily for investment, with pos- speculative profit, are New York Central, Union fic, Southern Pacific, American Woolen common, ison common, Bethlehem Steel 7 per cent. pr S. Steel common, American Waterworks & 7 per cent. preferred, Studebaker common, Gen Motors common, Stanc ck Island R. R. 7 licott Johnson, Pacific Gas & 8 per cent. preferred, South way common, Texas Company, Pere Marquette 5 per cent. preferred, Allis-Chalmers ‘common, American Steel Foundries 28 fiscal affairs. for at maturity, common, an Locomotive common, Kansas City preferred, R. common, - Rubber Free Booklets for Investors a nt who is forward looking a for his Monroe street, (Dept. 46) Chica New. York, promises to send a booklet to aid him in making desirable investments. » Select Safe Bonds,” ment knowledge acquired by the firm i experience in the Brat morigage investment. beld. es distributed by this house bear as high as 7 per chase of securities on partial payments is om the specialties of the long ished Stock Exchange mes M. Leopold & Co., 7 Wall street, New to the firm's plin and terms can be obtained by sending for its booklet L-7. An investment savings plan booklet has been issued by the FL H. Smith Co., Smith Building, Washingt D. C,, entitled “How to Build an Indep It describes a convenient method of buying first mort gage bonds based on real estate at the national capital. Fhe investor under. this ph per cent, on monthly savings of $10 or js range from $100 to $1,000. The firm y & Trust Co. (Dept. 1-7), H offers to help those secki house fering, known lair protected bond: of 810 and $1,000, 9 7 per cent. Gesired, on a monthly investment plun which makes it ci for the tor. Persons who contemplate July investments and who idea of what a first mortgage real Cs e bond signifies can get lucid information on the subject by apph Miller & Co, 12 Carbide & Carbon Bldg., 3 2 street, New York, the compan: ier Investm booklet . ns regarding Miller productive properties and safe Various ¢ ways. With the booklet will b a description of a 7 per cent. Miller be Profit by this message from Washington,DC. WASHINGTON — seat of the United States Government, internation ally famed as a city of magnificent buildings — is a thriving metropolis, growing steadily with the Nation. This constant growth gives Strength and stability to the city's real estate values, and enables you to get 634 % or more, with exceptional safety. Our First Mortgage Bonds are sold out- tight for cash or under our investment savings plan, which pays 634% or more on every partial payment. Mail coupon now for free booklet. NO LOSS TO ANY INVESTOR IN S1 YEARS ~The FH. SMITH Co-- Founded 1873 Smith Building - ‘Washington, D. C. Please send me your free booklet “Half a Century of Investment Safety in the Nation's Capital.’ Name Address comicbooks.com