Judge — September 6, 1924 — page 26: what you’re looking at

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

FINANCE AND INVESTMENTS These 7% Bonds are making me rich/ “7S plain sailing from now on! Ten more years and I will be mighty well fixed, with $27,000 in sound first mortgage real estate bonds, and an independent in- come of $1,900 for the rest of my life. “The amazing part of it is that I will | actually have deposited only $15,000—over $12,000 is the result of 7% compound in terest, which I am getting by leaving the interest to accumulate for the purchase of | additional bonds.”” Wouldn’t you like to look forward toa definite day when you will be free from money worries? Youcan. 7% Adair Pro tected Bonds, created and safeguarded by the South’s Oldest Mortgage Investment House, with a record of 59 years without loss to a single customer, offer the safest, surest way to accumulate a fortune in a comparatively short time. Mail the coupon today for our booklet describing these bonds in detail, together with a circular of a 7% first mortgage bond issue. Monthly payment accounts invited Adair Realty & Trust Company ‘The Souths reed Mortgage Investment House ATLANTA Philadelphia, Land Title Bldg. Jacksonville, Adair Bldg. NEW YORK y & Mortgage Co., Exclusive Distributors 270 Madison Avenue, N. Y. Mail the Coupon Today Adair Realty & Trust Company Dept. 1-12, Healey Bldg., Atlanta Gentlemen: Please send your booklet, “How to Judge Southern Mortgage Bonds,’ and de- scriptive circular of a 7% offering Name. Address, YOU CAN BUY Good Securities in Small or Large Lots Partial Payments Atk for Booklet L-7 which explains our plan and terms James M. Leopold & Co. Members New York Stock Exchange 7 Wall Street New York || Established 1884 | Subscribers to Junce are entitled to answers to inquiries on financial questions, and in emer- gencies to answer by teiegraph. are treated confidentially. inquiries to the Financial Editor, J exact street address. A Cheering Feature by Theodore Williams O ve of the signs regarded in the busi- ness world as cheering is the fact that in most lines there has been of late no serious over-production. When con- sumption halted, production took warn- ing. If the buying has been hand to mouth, so, for the main, has production been. The consequence has been that stocks of goods in wholesalers’ and re- lers’ hands have not been piling up to an excessive extent. In the meantime consumption, though cautious, has had a chance gradually to overtake supply. Unless there should be an unexpected set- back in the general situation, business n proceed not less briskly than at present, with moderate prosperity. But a period of livelier demand appears to he impending, with larger volume of trade and bigger aggregate returns. The steel, textile and automobile indus- tries seem to have turned the corner from the tendency to depression. In spite of fluctuations in earnings the railroads are not. ceasing to prosper. ‘The good lick which has befallen agriculture this season is in everybody's mouth. Should the Presidential campaign end without un- settling prospects the harvest of the late autumn may he a genuine business revival. By many the securities market is he- lieved to have predicted such an occur- rence, but to have already discounted it. ‘These observers have advised their clients to garner their gains, and we have had on the advances in quotations a good deal of profit taking. This has been a conser | tive step for those concerned, whatever the future course of prices may be. Dis crimination in further commitments now the very essence of safety. This becomes more and more necessary as values rise. There is not a sufficient boom in sight to make attractive the highly speculative stocks, payers of no dividends, Even without a boom the purchase outright of the standard issues, especially on recessions. is the prudent thing, and even more likely tobe profitable if a boom does come than buying the average speculative stock. ae No charge is made for this service. A two-cent postage stamp should always be inclosed. EDGE, 627 West 4, Anonymous communications will in no case be answered. All communications Address all 3d St., New York, giving full name and Answers to Inquiries . Warrsnono, Pa Grocers Society os nillin he seocloer sande ch affairs usually requires considerable ti er lately advised that stockholders form a com- mittee to protect their interests. He said there were ufficient assets in sight to satisfy creditors, but the of stockholders was desperate. Perhaps if you ver of the American Grocers an get fuller information, 4 Durant Motors, 1 the parent company and Star Motors a subsi proposed to merge the wo companies and there seems to be good reason for it. Star stockholders will not be any. worse off from giving up their shares for those of Durant stock is a dividend payer and both are. spec ‘The merger has been approved by a majority of the stockholders of Star Motors and itis therefore a le Cmexc Idx Co, has been a sueces ful producer of foodstuffs and it, has several growing organizations in a similar lin ck of the compa appears to be a pretty safe business man’s in' Hf the shares shall be listed on the € market. for t 6 per cent, interest o bonds. "The p ast reduced to 3 per cent. Ibe restored to the former figure or not depends naturally on the future ‘of business. ‘The Society loans small amounts: to deserv- ing persons who have no iL in small property which scews thoroughly to secure thy ‘This concern is paying 7 per cent. on its bonds w perhaps, a little safer than the Loan Society issue. ENN. ‘The Investment) Bureau week, but for good reasons it eeks. ‘The bonds that Nasuvius, formerly appeared e now appears once in you refer to are ad a Le tot rales of il ied part @ for use in paving interest on the debt Jnited States ane partly to the fact is so plenti hs and other i have been investing idle funds in these bonds. How far above par this urities, with their low rates of interest, will rise cannot be foreseen, bul a 4 per cen Governinent Bond many years ago sold us high as History may repeat itself in this respect, but de so soon. ince perfect safety is yo ment your purchase of Liberties was wise. Government issues are the safest on earth. New Yous, N. Y.: It is believed that the bad plight of Middle States Oil is due to errors of manage- ment. ‘The big men of the corporation seem to have lost their heads. ‘They undertook too much and risked too much, When some of them entered into rash spec lation in Southern States Oil shares and got into trouble, they made Middle States Oil buy their shares in brokers? hands at_an unwarranted price. In payment for these shares Middle States issued about $5,000,000 7 per cent. notes on which it recently defaulted. “The concern is now in receivers’ hands. It would be imprudent to put any money into Middle States stock at this time, B., Ware Pratys, N. Yr ‘The 7 per cent. prior lien stock of the Middle West Utilities Co. appears to be a ood thing. controls several prosperous rommunities in fifteen of the incipal business of the. con for power and ligh Net earnings ure idends on the prior dat a price to yield panies is a distribution fe They haye very valuuble propertie several times the ainount of the d lien stock. ‘The stock 7.22 per cent. . Hupsox, N. Yu: ‘rst Mortgage fifteen-year 7, per cent. Sinking Fund Gold Bonds of the Hudson Valley Coke & Products Corporation, maturing in 1839, are an inviting proposition. The company bas been organized to construct a by-product gas and coke oven < off comicbooks.co