Judge — December 27, 1924 — page 32: what you’re looking at

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

“Sor JANUARY FUNDS Ov Guaranteed BONDS RRINCIPAL and _ interest guaranteed by one of the largest and strongest Surety Companies in the United States. Created and safeguarded by the South’s Oldest Mortgage Investment House. Can you imagine a safer or more profitable investment for your January funds? Mail the coupon today for current offer- ings. Adair Realty & Trust Company ‘The Souths Oldest Mortgage Investment House Founded 1865 ATLANTA COB PHILADELPHIA Packard Building & NEW YORK Adair Realty & Mortgage Co., Extlusive Distributors 270 Madison Avenue Adair Realty & Trust Co., . AY Dept. 1-20 Healey Bldg., Atlanta, G Gentlemen: Please send me current offerings of your first mortgage bonds guaranteed as to principal and interest and yielding 645° JACKSONVILLE Adair Building Name 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 New York Established 1884 Free Manual Covers listed New York stocks, giving high and low prices from 1906 to date, divider ‘Also gives Rien and low prices New York Cotten, Chicas Send for your FREE copy today. K H. C. SCHAUBLE & CO. 63-65 Wall Street New York gencies to answer by telegraph. are treated confidentially. exact street address. Is It a Time to Buy? by Theodore Williams RICE movements in the securities market since November 4 have generally displayed the earmarks of a genuine bull market. It was no mere flare up when stocks and bonds rose briskly of late to higher levels. Recessions moderated the fast. up- ward pace, but these were due to desire to realize profits or to profes- sional selling, and not to signs of weakness in fundamental conditions. Each downward turn met the rock of underlying strength. Declines soon reached their maximum and quotations bounded up once more. These were the usual happenings in a bullish period and they convinced most doubters as to the current character of the market. The only matter in dispute was the duration of the bullish trend. After a succession of days of enor- mous transactions the widespread early enthusiasm of investors and the daring of speculators naturally cooled off to a degree, and a quieter and more orderly process of dealing prevailed. Wild, blind and_indis- criminate venturing abated and more thought and care were given to com- mitments. The activity lessened somewhat, but this did not change the type of the market. It was still of the bull species and many ob- servers cited precedents to show that it would remain so for years to come. These experts argued that while the market could not go on booming in- definitely, yet it would continue in the main steady and strong. Sucha view implied that it was safe to buy the best issues even at present figures. The great determining factor of the future of the securities market will Le the course of business. As to the latter the chorus of optimism is al- most universal, from the shrewd Presi- dent of the United States down through experienced captains of in- dustry to the smaller makers and dealers in the nation’s products. SE | 30 Investment Bureau Subscribers to JupGE are entitled to answers to inquiries on financial questions, and in emer- No charge is made for this service. A two-cent postage stamp should always be inclosed. Address all inquiries to the Financial Editor, Jupce, 627 West 43d St., All communications New Fork, giving full name and Anonymous communications will in no case be answered. Unexampled prosperity appears to be impending. Hence, investors who are waiting for very much lower prices for the choicer issues are likely to be disappointed. The proper policy seems to be to buy good stuff and to buy it now after reasonable recessions. The Modern Way of Saving Money at 7% T used to be that investors waited until they had saved up the full price of a bond before making an investment. But this course was unprofitable, for while they waited their money earned nothing, or at best only 3% or 4%, Now you can get the full rate of bond interest on all the money you set aside to invest. You can get 7% immediately by applying your savings towards the pur- chase of First Mortgage Bonds that have behind them our record of no Joss to any investor in 51 years This is the modern way to save and invest money; and the profit- able way, because you thus get the full benefit of your money’s earning power. Let us tell you about our Invest- ment Savings Plan for buying 7% Smith Bonds in $100, $500 and $1,000 denominations. Start your investment with the New Year. SMITH BONDS ARE SAFE BONDS The F. H. Smith Co. Founded 1873 Smith Building, Washington, D.C. i THE F. H. SMITH COMPANY Smith Bidg., Washington, D. C. Please send me descriptions of current offerings of your 7% First Mortgage Bonds and a free copy of your booklet “How to Build an Independent Income". 248 Name ss Address comicbooks.com