Judge — November 8, 1924 — page 31: what you’re looking at

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

industry is most uncertain in the matter of profit. Of the two enterprises Pacific Stores seems to be the more likely to succeed. I do not see how you could better yourself by exchanging Stores shares for Silver Fox shares. If a dividend of 25 per cent. on Silver Fox shares could be guaranteed you may be sure they would sell much figtes: Pacific Stores shares, paying no dividend and much below par are highly speculative. If you dispose of them buy a sound dividend payer. §., Fort Morcax, CoL.: ‘The prospectus of the American Engineering Company does not clearly show what advantage the mere deposit of Govern- ment bonds in a bank would be to the company and make it possible for the company to shere profits with bond owners, Would the company borrow money from the bat mn the bonds de- posited? In that case the position of the bonds could not be so secure as the prospectus implies. What if the company should fail to make profits or go into a receiver's hands. The bank could then foreclose on the bonds. ‘The proposed business of the company appears to be risky. The whole proposition looks fantastic. I advise that you keep out of it. Q., Buruincron Vr.: A statement of its affai submitted by the Berkshire Hills Paper Co. indi- cates progressive development and a sound busi- ness. The company’s 8 per cent. first: mortgage bonds seem well secured with their interest assured by the earnings. The bonds may be classed as a good business man’s investment ‘A. Awanes, Cat: Data are lacking concern- ing the Simplex Coal & Petroleum Company. Racuh & Lang paid the dividend on the preferred stock in 1923, but had a deficit that year and its surplus disappeared. ‘The common stock has received nothing. Neither class of stock is desirable, H., Cunton, Mo.: Sinclair Consolidated Oil 1ows no present signs of rushing into a re- ship. It was hit rather hard by the oil industry depression and passed the dividend on common. This was a conservative move and it enabled a large reduction in Sinclair's bank borrow- i It is claimed that the company needs no new financing. Reported earnings seem to favor full dividend payment on preferred. Doubtless in course of time the industry will recover to some extent and if the revival comes soon, Sinclair should safely pull through. S.._ WHITINSVILLE, Ma The fact that the American Ice Co, makes little or nothing during the early part of the year was used lately as a pretext for severely depressing the price of the common stock. It was officially announced, however, that earnings later in the year would be ample for maintaining the common dividend of 7 per cent. In the meantime the preferred stock is a safer purchase. The Cuban-American Sugar Co. has largely overcome the depression of a year ago in the sugar in "The common stock is paying 83 yearly, a fine yield on market price, but not thoroughly assured. The Philadelphia Co. is doing well and is paying $4 on its common stock, ‘a net yield of more than 8 per cent. : _ G, Suaronvik, O.: ‘The Purity Baking Co. is paying 7 per cent. on its preferred and it declared 83 on common for the last fiscal year. Par of preferred is $100 and of common $25. The preferred, of course, is the safer purchase, The company is in fair financial condition. New York: It would be prudent to leave 4 portion of your funds in the savings bank ready for use in any emergency. A safe investment for the remainder would be 7 per cent. fi real estate bonds such as are ad to time in Jupae. Should you wish to buy stocks Y., Vancouver Barracks, Wasu.: The Kelly Speinaield Tire Co, has been through a period of severe depression and had to pass dividends. ‘The outlook for it has somewhat improved and the interest on its 8 per cent. bonds seems reasonably secure. ‘They were quoted recently at about 98. Market Street Railway 7%, quoted slightly under par, are well regarded public utility securities and reasonably safe, Some disposition will be made of the St. Paul 4s, due next but if they are to be redeemed in cash money will have to be borrowed for that p as the earnings for years have been slim. Bonds of foreign governments cannot be said to be fe as our own Government's issues, though British, French, Swiss, Danish and Nor- wegian loans have a good rating. ‘There has been more or less difficulty in connection with the Brazilian bonds owing to lax financial management. Peru Government bonds are not 30 clouded as those of Brazil, and they are rated fairly high, B., Vanperarirr, Pa.: While the receivers of the Middle States Oil Corporation are doing their best to revive the company, their success is by no means assured. It would be a gamble at present to buy several hundred shares more of Middle States. Low priced as it is the stock may go lower. Should there be a reorganization with an ‘assessment your proposed purchase might prove a trouble to you. H., Tenue Havre, Ixp: I regret to have to say that I have no information regarding the Fargo Oil Company. So many oil companies are spring- ing up and dying out that it is impossible to keep track of them. Judging from your difficulty in getting trace of the company it must have gone out of commission. HL, Wynantsxitt, N. Y.: The bonds of the Murray Hill Office Building are undoubtedly safe proposition. You can prudently put $2,000 into them. S., Prrrspuran, Pa.: The Florida Orange Grove Corporation is not known to me. It is a plantation scheme of which there have been very many throughout the country, most of them failures. I do not advise you to Fisk money in this venture. Better buy a standard stock which pays dividends or a7 per cent. first mortgage real estate bond. New York Crry: The Trustees System Service Corporation is operating substantially upon the same lines as the successful Beneficial Loan Society and the Morris Plan. It is younger than the other two, but reports progress. Its stock is not so desirable as that of standard issues sold on the exchanges. S., Ampripge Pa.: You can safely invest in the 7 per cent. first mortgage real estate bonds offered by G. L. Miller & Co. The bonds are well secured and it seems to be certain that no buyer ever lost money by them. fi A,, Lone Istanp Cr Y.: Bernarr Mac- fadden Corporation publishes a number of papers and mé oes with what profit | am unable to say, ‘There are many issues sold on the exchanges which seem more attractive than this corporation's shares. If you are after a low-priced stock Wright Aeronautical, paying $1 a year and quoted at about $12, would be a better purchase. K. Dernorr, Micu.: The Michigan Fruit Packing Corporation being now in receiver's hands, the receiver, who is looking up its affairs, is the only person to whom to apply for information requ ing its affairs, WV. Weissrort, Pa.: I have no knowledge of the reliability of the brokers you name, who do not seem to be connected with any exchange, but German bonds are at prsent so highly speculative as to be a gamble. 1 do not advise you to risk $22,000 from $4,800 Invested in Easy Monthly Payments UNDREDS of men and women of moderate means are putting their monthly savings into Smith Safeguarded First Mortgage Bonds, paying 7%, un- der our Investment Savings Plan. These thoughtful investors will profit handsomely by the amaz- ingly rapid accumulation of funds when bond interest is com- pounded regularly. More than $22,000 can be accumulated over a period of years by actually investing only $4,800 in small monthly payments. You can adopt this Investment Savings Plan easily. It is simple and practical, each payment earns full bond interest instead of merely 3% or 4%. Mail the coupon now and learn more about this profitable plan. No Loss to Any Investor in 51 Years The F. H. Smith Co. Founded 1873 Smith Building, Washington, D.C. it would be to acquire sound and seasoned your money on them. Better buy a good American 5 shares, such as U.S. Steel, 7 per cent. pfd., Ameri- issue, such as a 7 per cent. first mortgage real first mortgage real estate bonds, paying 7 per cent. can Woolen 7 per cent. pfd., General Motors 7 per estate bond. a Instalment payments are credited with 7 per cent. cent. pfd. or American Waterworks 7 per cent. R., Brooxyn, N. Y.: The plan of the Fred F. interest, the same return as that of the fully paid y first pid. . | French Security’ Co. “may be working out as bonds. "Under this plan, persons of moderate is B., Jacksonvittr, Fia.: Ihave no information successfully as the company claims, but there can means can at once get a much higher concerning the Radio Telephone Co. nor the Great be no doubt that the bonds sold by G, L. Miller & their savings than is given by the banks. The Lakes Radio Telephone Co. The fact that radio Co. and the Adair Realty & Trust Co. are in a safer company will mail to any addresss its informing t is a world topic does not make it sure that money class than French preferred and common stock. booklet, “How to Build an Independent Income,” = can be made in radio stocks, There is a number You can safely put $500 into the bonds referred to. together with an account of a Smith 7 per cent. , of radio promotions in which there is no profit. Monson, Me.: The scheme of advance and nd. 4 ‘The leading enterprise in this line is the Radio decline guarantees, proposed by the Investors Daily ‘James M. Leopold & Co., 7 Wall street, New e Corporation of America, whose preferred stock is Guide, is similar ‘to the puts and calls plan of York, members of the New York Stock Exchange, a dividend payer, but’ not its common. The dealing in stocks. It is more risky because grains and long established, make a specialty of serving y issues of this company, however, are not expected are even more subject to price changes than are investors under the partial payment plan. Big or r c to make sensational advances in the near future. _ Vo SENECS C.: Your letter calls my atten- tion for the first time to the U. S. Record Mfg. Co., which is not mentioned in my usual sources of information. ‘The fact that your letters of inquiry addressed to the company have been returned to you is pretty good proof that the concern is out of business. W., New York: A standard authority on mining says that it has received no recent advices concerning the Nevada Silver Consolidated Com- pany. The venture does not appear to have been much of a success, although 500 tons of ore, alleged value $125’ per ton, was shipped from the mine several years ago. 0., New York: Apparently you have not kept track of the L. R. Steel enterprises and the disaster which befell them. Stockholders lost millions of dollars in these concerns. The latter have been reorganized under the title of Steel’s Consolidated, Ine., and it is doubtful whether holders of Produce Stores stock can get anything out of the wreck. I advise that you write a letter of inquiry to Walter M. Williams, president of Steel's Consolidated, Inc., Buffalo, é Only those who have been long r with speculation and market conditions have any chance at all in this kind of trading. Very few have had any success in it. I advise that you keep out of ii Warrspurc, Wa: The Lincoln Motor Co. was bought at receivers’ sale in February, 1922, by the Ford Motor Company for $8,000,000. It was reorganized in March, 1922, with a capi stock of $15,000,000 and is now known as a division of the Ford Motor Company. The assets of the old company were only sufficient to pay its creditors forty-eight cents on the dollar, so that there was nothing’ left for the stockholders and their shares became valuelesss. All the present Lincoln Motor Co. stock appears to be owned by the Ford Motor Co. and is not on the market. New York November 8 1924. Free Booklets for Investors The F. H. Smith Company, Smith Building, Washington, D. C., has instituted an investment savings plan for purchase of Smith safeguarded small lots of good securities can be bought under this plan. Send to the firm for its explanatory booklet L-7. A method of doubling one’s money in ten years set forth in “Ali Baba’s Cave Re-discovered a little book issued by George M. Forman & (Dept. 411), 105 W. Monroe street, Chicas ‘The plan involves investing and reinv« sound securities. The company has been ness thirty-eight years with an excellent_record. It will supply its book to any would be investor ‘on request. As the legal rate of interest in Florida is 8 per cent., the G. L. Miller Bond & Mortgage Co., 212 Miller Bldg., Miami, Fla., finds it possible to secure for distribution first. mortgage real estate bonds paying as high as 714 per cent. To prove to. the public that it can walely. invest in these securities and that the company itself can be relied on, the company wil mail to any applicant its tree booklet, “Getting Acquainted with Your Investment. Banker,” and in addition will forward a description of a Miller first mortgage 714 per cent. bond issue. ‘These bonds are based on income earning properties in fast growing Southern cities. : J — — — — — — —! eee tee comicbooks.com