Judge — July 26, 1924 — page 28: what you’re looking at

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

__FINANCE MAND INVESTMENTS INVESTMENT BUREAU Youve heard) how the fle. eestor? Subscribers todwoae: are entitled to an. icers to inquiries on financial ‘questions and in emergencies to answer by telew grapk. No charge is made for this scr- rice. All communi- 5 cations are treated “ 3 confidentially. — A So does the little penny —tivo-cent—postaye hecome the dollar and — stamp should alrcays the dojlar builds the be inclosed. Address midhty fortune. all inquiries to the ‘ Financial Editor, — Jevpar, 627 West jad St, New York, giving full name and eract atrect address, Anonymous communications will in no case be answered. A Strong Upward Move by Theodore Williams HE general securities market for several weeks lately showed persistent strength. Reactions there were, but these were stoutly resisted and were speedily recovered from. The construc- tive forces in evidence encouraged expec- tation of a real and continuing bullish trend. Whatever allowance had to be made for mere manipulation, the firm- ness of prices was significant. The buy- ing was not all i ve. The public came in, took advantage of recessions and in- creased its investments. The July interest and dividends were freely and confidently employed in the purchasing of standard issues. This display of bouyancy came some- what suddenly after a long period of dullness. It reflected to a large extent a growing optimism in business sentiment outside the exchanges, and a belief that any current slackness or depression was not to be permanent. In spite of the Presidential mpaign’s uncertainties, confidence is beginning to reign in the business world. The country, it is everywhere felt, is headed for prosperity and not for disaster. It is too much to expect that there will be no sharp set- backs in securities between now and next fall. But if a wise conservatism shall prevail over radicalism in the time to come, the material interests of the nation will be well fostered, and we shall see vitality and progress in business and financial fields. Answers to Inquiries “ R. 1: Recent strength in New Hav 5 was due to improved earnings. Mar y holders of the greatly depreciated stock have had their hope of the road's rebabitation revived. But it is too early as yet to make a positive forecast of the railroad’s Dividends, however, look rem Seaboard Air Line R. R. is in a more hopeful, po: than the New Haven. Its earnings bave been disti expanding and it has bee to resume payment of interest on rest grade bonds. Dividends on pre- ferred may ¥ distant event, but the common may have lo: Low priced, non-dividend pay. g railroad shares are not proper purchases for a woman: Your best plan would be to buy issues of corporations that are seasoned dividend payers. M., Vinoova, Wis.: General Motors 7 per cent. pre- ferred, and also the common, and Bethlehem Steel 7 per cent. preferred have merit and may prudently be held. You’ may bave noticed that General Motors has. re- arranged its capital scheme, but the old stocks will lose ing by the new arrangement. , Pumaverrnta: For your sister's 82,500 the follow- ing would be an excellent combination investment from the standpoint of both safety and good yield: Miller 7 per cent. first mortgage real estate be ased on Philadelphia or New York property; Standard Gas & Electric 6 per cent. bonds, Pennsylvania Railroad. gold U. S. Rubber first and Southern Railway st 3s, N.Y. Telephone Company: is flourishing and its bonds are well regarded. I specify bonds instead of stock, as they are safer purchases for a woma A, Baooxtrs, N. Y.: American Smelting & Refining first ‘5s are a safe purchase, as the company is paying dividends on both classes of stock. Earnings this are estimated at about $10 per share as against 88.84 in 1923. The Crew Levick Co. is a subsidiary of the Cities Service Co. and its first mortgage 63 are undoubtedly s Cities Service 7 per cent. debentures are well regarded. Consolidated Cities Light, Power & Traction first lien 6s deserve an excellent rating. E. St. Louis & Interurban Water Co. first & ref. 5s are sufficiently secure. Salts Textile Manufacturing Co, first. mortgage sf. 8s appear to have merit. The Oklahoma Gas & Electric Co. conv. 8 per cent. notes, the San Antonio Public Service Co. Ist and ref. mortgage 6s, Gas & ion y BONDS () Created and Safeguarded by the South’s Oldest Mortgage Investment House safely. first consideration. ir 1 1 | ' First Mortgage Real Estate i} Bonds ' . I | Adair Realty & Trust Co. I Dept. I-9 Healey Bidg., Atlanta, Ga. | Gentlemen:—Kindly send me full information | | and your July offering sheet describing first | I mortgage bond issues yielding 77 | Name. 1 Y padress.. (Bes ee Reinvest remember always that safety of principal must be your —for Jul) Investments HE secret of accumulating wealth rapidly is simply this: Invest at the highest rate of interest that you can secure your interest the same way. But Money accumulates with amazing rapidity at 7%, which is the highest rate consistent with absolute safety. Protected Bonds are safeguarded by the Oldest Mortgage In- % Adair vestment House in the South with a record of 59 years’ experience in creating first mortgage investments without loss to a sin- gle customer. We have several attractive 7% issues avail- able for July investment. Mail the coupon today for full information and July offering sheet describing these 7% first mortgage bond issues. Adair Realty & Trust Company ‘The Souths Oldest Mortgage Investment House Dept. I-9 Healey Building, Atlanta, Ga. Indie dian Car & in the desirable clas absolutely safe, as 1 The money you have a sociation is properly ma in a savings bank is a prude: For future purcha 7 per cent. bond such as y from time to time. A., Beattie Bonds you inqui rance have not nomic condi u to put your ed by a prosperous organiza Both the Italian and French e out all right ined their former It would be tm ey into a sound bond Electric 6 . 6s, or Bet blebe York Crrv: The se ich, you pros to purchase have points of exec ‘The T rantee & Trust Co. bonds and the Prudence Co. bo parently reasonably safe. Standard Gas & trie common ts a good business n 's investment, but « fer purchase would be the prior preference 7 per cen! k or the 8 per cent, preferred stock. ‘The comp: self is prosperous. Chatham Bank stock is a westment. New York Tel. preferred is. meritoric but is selling high for the dividend. New York Centr 6s, Hudson & Manhattan Ist and tef. 5s, Chesapeake & Ohi¢ pment bonds and General Electric bonds are all good grade investments. Part of the $8,000 that you have to invest might well be expended for a first mortgage tate 7 per cent. bond. New York: The Kansas City Power & Light '¥ is a strong organization with a promising out ok. It earnings st first mortg: nt. bonds, due in I! to u good pear pertc Falls Power Company 1s a prosperin its first and lidation mortgage bonds, due are well secured and undoubtedly safe. Among good modera cific 8s, 1949, quoted 9 1945, lately qu dj. 5s, 19 1966, quoted 94 qu d 97; Standa 8919. You might well consider first’ mortgage real estate bonds advertised every other week in Jup B., Hartronp, Cox: profit making concern pa: and preferred, ‘The preferred stock is t and it would app e a sound i Edison and De Edison are prosperous org: and their issues may be bougl he Metropolitan Five-Fifty Stores, uary, 1921, 142 st but it se closed fifty-two of them. “in March, 102 six stores in operation. Cash dividends’ were. pai preferred from July, 1917, to. January, 1921, but sinc that the dividend has been paid in stock. No dividends have been paid on the common. T., Syracuse, N. Y.: United American Re Inc., is a new enterprise dealing in “bankers value 810) which are based on the full shares of seve leading dividend paying railway companies put in trust with a prominent financial institution in New York The offering price of these bankers shares was about 814 to yield over 7 per cent. The price of these sha will vary with the amount of aggregate market price amount of dividends accumulated on the stocks de posited. This plan has been in successful operation for many years in London, and there is no reason why it should not succeed in this country. New York, July 19, 1924. ‘he North American Co. is a Free Booklets for Investors Savings bank interest does not appeal to investors who have discovered re: safe opportunities for secur nably ing a higher return. Adair Protected Bonds pay 7. per cent. and are secured by income producing real estate in ‘These issues do not fluctuate in argin of med for them. y ig distributed by Healey Bldg. (Dept. 1-8) At pany as been in, busines for its aa is 10 b's Oldest Mortg: tment House I he booklet, “Ho which the company will mail to a ames BM. Leopold & Co., City, long éstablishe Stock Exchange, deal in good securitie large lots on partial payments, and will furn ested investors their booklet L-7, explaining the firm's plan and terms. | . The steady growth of Washington, D. C., has given strength and stability to the city's real estate values First mortgage bonds based on property there are cq manding wide attention. Securities of that class are offered by the F. H, Smith Co., founded 1873, Smith Bldg., Washington, D. C. The bonds may be’ bought for cash or under an investment savings plan which pays 614 per cent. or more on every partial payment. Ask thr company for its booklet, “Halfa Century of Investment y in the tion's This company Bond Hon comicbooks.com ( | ] | | | | |