Judge — September 13, 1924 — page 63: what you’re looking at

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

—_—_—_—_—_—__E EE Florida's Oldest First Mortgage Bond House | Would You Like to Clip 72% | Coupons? | Only people who own good bonds know the thrill and _ satisfaction that comes from cashing coupons regularly. The systematic coupon clipper nearly always gets far ahead of the get-rich-quick specu- lator. Invest in Miller First Mortgage Bonds and get 714% on your money, the same as other investors all over the United States are doing, with never a dollar’s loss or a day’s delay. Mail the coupon today for free story, “Mr. Peters Tells How to Invest.” r--- <= 'G.L. Miller Bond & Mortgage Company ! H Florida’ s Oldest First Mortgage Bond House 4 1210 Miller Building Miami, Florida ' Please send me, without obligation, the free I story, “Mr. Peters Tells How to Invest,” with 1 circular describing a Miller First Mortgage Bond issue paying 7!';. Tam looking for a good in- vestment for $.. . maturing in about years. (These blanks need not be filled in, but I the information helps us to give you personal service.) p Name. V address | City and State the instalment plan, after recessic can also buy direct from the bond houses selling them first-class 61 per ¢ per cent. first morty real estate bonds As to whether you margin with y. the receiver sizes my fre~ securities by hat a man owns he should keep in his own « The Beneficial Loan Society bonds were recently quoted by a broker here a few point below par. 7, Tuextox, N. J. The broadening interest in the securities market is revealed the large late increase in brokers’ loans at New York. These recently totaled about $1,350,000,000. ‘This was still 650,000,000 below the peak’of last year. As to how far the present movement will ‘go opinions differ, Whether th is near or far, the purchaser of the standard issues is reasonably well secured. Paz Although G., CHaMBERsBURG, proved earnings the condition of the Seaboard Oil and Gas Co. does not warrant expectation of an advance in s shares during the next four months. Penn Ci Light © Power Co. pid. is a fairly “ 1 pan, dends on both classes. Compal You it reports im- Standard Oil with wonderful snecess and. th stionably lead the orga in their field. have been liberal dividend, payers and have had a pleasant habit of melon-cutting. To-day the returns on the stock of 5.0. 1. Ind. N.Y, N. J. are not very bused on reputat issues of 8.0. class bank . up to that mark. The unoffici General Motors new common stock will yield the holder larger aggregate return than the old shares exchanged lor it. 1D. Brooxtys, N.Y risky’ than motio of persons hi The comn js no class of issues more picture companies stocks. Thousands by them. ‘Their promoters bright colors. Until Duplex Inc., has shown ability: to earn wy dividends people of moderate means had better keep away from it. . Aas, Mass: The recent upward turn in Ge man’ bonds was a speculative movement. The alles ground for it. was anticipation of beneficial results fi Putting the Dawes plan into effect. But it will be nece sary,to put.in a long period of hard work to realize the plan's possibili 5 complete success, any will id the payment of e strain on her resources. It rd to obtain money to pay interest on German I and. industrial bonds. ‘These ils look like long pull speculations at the best | New Yous: “It would be pessimistic to deny that Some future date the shipping business will be dis- tinetly ved and that the stocks of the shipping anies will then sell cousiderably higher. But that likely to be soon. However, the optimists make a rather strong point when they cite the fact that through- out the world only 768. vessels are at present bein, world fleet of This doe now, for the ss commerce { Chevenann, O. American Power & Light Com pany's stock rose'$63 per shure ina few weeks on thy strength of its earnings and the proposed split up of the ‘The company earned $26.84 per share on com- mon stock in the year ended June 30 last, This stock, of luc of 8100, sold lately at $400, ‘The company adily. It operates both in. Minnesota in Florida, Possibly the market price of the stock largely discounted profits for the present. G., New Haves, Coxs.: Steel's Consolidated, Iney ation of the unsuccessful L. R. Steel enter= dy displaying some of the expansive spirit of its much lamented predecessor. I has negotiated for purchase of another chain store system having head- rters in Butfalo. If the concern does not go 4 too fast your payment of the assessment on the old stock may not have been fh vail U., Ents, Par Wilson & Co.'s affairs have been in an n state for Jong time The appointment. of ‘ivers for the pmpany should prove conserving nd helpful move. This crisis in the company’s business may tend to bring about agreement between opposin factions on some sound and effective financing. pla Better hold your Wilson & Co.'s bonds for the present. if it occurs, would be more favorable, stocks. _ Properly ale aa » Pirrsucncn, Ps at a Democratic victory in tional campaign would result in another revision of the tariff the party's leaders from Mr. Davis down positively promise, How this action would effect the siness of the steel companies would depend on the port rates fixed on their products. Lowered rates urally give the foreign producer a better compet- itive chance in our home market. ‘That might have some depressing influence on the stocks of the steel cor porations, Having bought U.S. Steel at a very low figure you are in a position ty hold your shares what- ever may happen to the tariff. No pre taritf changes are likely to “down” this strong organization. P., New Lospox, Coxs.: Better day to have ned for the New Haven R.R. Company. Some hy it actually reports moderate surplus earning: There is no doubt that its bonds maturing in 1925 wi be sitisfactorily cared for M., Hauirax, N.S. Canadian Pacific R. Re stock has approached the point where it would yield only about 6 per cent. on market value. If the company can main- tain its 810 yearly dividend the stock will continue to excellent investment. ‘The company's earnings nise to be equal to this. G,, Moxtoomeny, ALs.: ‘The merger of five important railways into one system by the Van Sweringe tructive move and should benefit. the stockholders li red. It is perfectly prudent for your Erie shares for those of the new sis a G., Brooxtys, N.Y: The securities of the Perm . are not listed on the exchange. The « in business fc i I suguest real estate dealers in Brooklyn about this compi Q, Owais, New: It is true that no new enterprise 1 get a start unless somebody takes a speculative risk id buys its securities before the company and becomes a dividend payer. But only the puld not be crippled if their money should be lost ought to go into an untried undertaking. Your resources and prospects do not seem to warrant. purchase of of the Indust nent sh ss is Ie success. But you. should returns. Wright or about 8 per cent. on. current price buy: than the new industrial stock you mention. . Hawrros Bars, N. Ye: Suppose we apply P common sense to test the merits ‘The company’s property tions, Mexico, The latest outbreak there was recently suppressed, but it is not sure that another will not occur. ‘The unsettled political and economic conditions in Mexico have been detrimental to stronger mining organizations than the C: Pper Co. Tis at present imprudent to risk money on mining concerns in that country. ‘The authorized capitalization of the company 2 000; stock outstanding $8,0¢ Either of th ms would excessive capitalization for th . The he ack is 810, Tt is selling on the curb at a indicates how far the company is from successful and profitable operation and from dividends. It takes many ars to develop mining venture. If you are bound to a copper stock it would be safer to like : which is speculati which hi were suspendin, for yo making already Aeronautical is paying 81 per year stock It is a better - enough, its dividend when othe reducing theirs would be se Allis-Chalmers, American Woolen and Corn Products. Tt would be an excellent thing for you to buy a first class first mortgage real estate bond paying 7 per cent J.N., Brapoock, Pa: While Ajax Rubber earnings have been showing’ improvement and the prospects are somew! better, t tock is ne ty desirable. dividends which were passed were not cumuls the stock mon and there are no back dividends to be collected. Possibly the shares may by and by sell higher t t present, but the safer course for you would be to take your profit and then buy a more reliable Do Your Savings Earn z% and 77%? OU can get 6%% and 7%, with proven safety, on our First Mortgage Investments, strongly secured by improved, income-producing property. Behind every First Mortgage In- vestment offered by us is our rec- ord of no loss to any investor in 51 years. You may invest outright or under our Investment Savings Plan, in denominations of $100, $500 and $1,000, knowing that the strong, standardized safeguards of our bonds are an assurance of safety. Among our current offerings is a limited issue of 7% First Mort- gage Serial Gold Bonds, in ma- turities running from 2 to 10 years, which merits the judicious consideration of every conserva- tive investor. Mail the coupon NOW, before this issue is sold, for descriptive circular and a free copy of our illustrated book. let, “Half a Century of Investment Safety in the Nation's Capital.” The F. H. Smith Co. Founded 1873 Smith Building, Washington, D.C. THE F. H. SMITH COMPANY, Smith Building, Washington, D. C. Please send me list of current offerings and free booklet, “Half a Century of In- vestment Safety inthe Nation’s Capital." No. 24. I in the hands of receivers and it reorganization plan has been framed and may be carried into effect. Before buying any of the stock it would be well t until the results of this plan appear in the operations and profits of the new company. It would be something of a gamble to buy the shares at, the present low market price. A sounder issue would be preferable. New Y Wick wire Spencer is RK, Sept. 15, 1924, Free Booklets for Investors By the Adair Realty & Trust Co. (Dep't. 1-17) Healey Blig., Atant is offered a plan whereby inthe course of a moderate number of years the sun of $27,000 can be OF this total be $1. yey from compound 20 in 7 px first mort ate bonds whieh the Adair Co, is distributi ny is the South's oldest, mortgage investment house, having been fifty years in business without loss to any customer. Investors to look into the company’s proposition should send to it for its booklet “How to Judge Southern Mort- suse Bonds,” together with a deseription of a 7 per een offering. The partial p of moder employed by James M. New York Stock Exe y people class securities Leopold & Co., members of the 7 Wall street, New York, Po persons who would like to clip 714 per cent. coupons G. L. Miller Bond & Mortga .» Florid 210 Miller Bldg., Miami, published enti he company deals in first mort- the rate of interest_men- ny addres 2 per cent. Miller Is How to Invest. gage real estate bonds p tioned, together with first mortgage