Judge — December 27, 1924 — page 33: what you’re looking at

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

Answers to Inquiries R., New York City: The Pacific Develop ment Co. does not appear to have prospered. Its subsidiaries were reorganized striking of a stock from an exchange list might indicate change of a company’s title, dissolution bad financial condition. It is rather strange that as a stock holder, owning several hundred shares, you have not kept in close touch with vour company. I sug gest that you app! the headquarters of the company for exact information regarding its affairs. B., Jacksoxy Fia.: Write to the Apex Refining Co.'s headquarters for the yearly report As a stockholder you are entitled to it F., Jonxstows, Pa.: The Texon Oil & Land erse owing to decline of oil Sometime mpany had ¢ id that its outlook had impre has not as yet realized much on the ospects, stock was quoted Se. bid, #1.50 asked. It wor to get out’ of the issue when you can di without loss, Penn Seaboard Steel is tremely low because of its poor prospects. too speculative for. a conservative investor J., Casta ns: [know of no party who would unde financing opment of a low grade ore n I suggest that you adverti: reputable publications, asking capitalists to aid you, H., Suico Ps.: American Tel. & Tel. highly meritorious stock paying 9 per cen yielding over 7 per cent. « ket price. Bood issues to consider for purc with your 31,000 are An Waterworks & Electr cent. pfd., Standard Gas & Electric 7 per rior pfd., Standard Gas & Electric 8 per ce pfd., and'7 per ¢ rtgage real estate Fonds: Oklahoma Natural Gas ‘stock is not a prudent investment. Studebaker common yields nearly 10 per cent. on current price, but is still more or less speculative. Both Empire Gas & ice_pfd. are entitled to a s & Fuel Co. is a subsidiary of th ‘o..and the latter's preferred is the more desirable as having a longer record of dividend paying. I cannot foresee what the future prices of these issues will be C,, Graws, Mic. nnan Bakeries, Inc., is prospering sufficiently to pay 87 yearly on its preferred stock, and 81 on com The common 1s quoted at about ield on market it really de- n stock should pay at least 6 per Grennan preferred is a better purchase than the common. ‘The International "Agricul tural Corp. suffered t severely fro the depression in the fertilizer industry. All its issues seriously declined. Some time ago the corpora- tion's financial structure was reorganized. This d the condition of the cor- rtilizer business is still far from and Internatioffal Agricultural common stock, of no par value, was lately selling as low as #544. As no dividends in prospect, neither class of stock has become attractive. The vs Belle Oil Co. controls a large acreage, but its outlook is not encouraging. H., Kansas Crrr, Mo.: The General Motor Co. fulfilled expectation by declaring a dividend on each share of its new common stock larger than the combined dividends on the four, shares of old stock exchanged for one of the new. The Company reported profits show its ability to maintain the new dividend rate. The common stock is an ex- cellent business man’s purchase, and the preferre is still bette O., Corn I can find such’ co Vanina Searchlight Gold Mining Co. and the Zona Mining Co. Since they were incorporated so many years ago snd are not mentioned in published lists of corporations, the cannot have been successful and their stocks ca hardly have any value. H,, Tro, O.: Your list of nearly thirty securi ties is for the most part one of merit. All but one pay interest or dividend, American Woolen common has suspended its dividend |b company is strong and resumption of the on common may not be very far off. You fill out your investment scheme by adding some first-class first mortgage real estate bon S.. Burrato,.N. Y.: As there will be no whole. sale revision Of the tariff under the Coolidge administration, American steel companies are not likely to be badiy hurt by foreign competition in oul me market. The leaders in the steel in- dustry do not apprehend a serious dumping of steel products from abroad in this country. C. 5 I common rose sharply after Election day. This stock has great merit and there have been hints of a possible increase in the dividend rate. That will depend, of course on future earnings Bethlehem Steel's business is reported to be im proving, but when the dividend on the common will be resumed cannot be foretold. W., Saxrorp, N. C.: The Cadet Knitting Co. is moderately prosperous and is paying 81 year on its common stock. This stock is a business man’s purchase but not an investment. The shares of a stronger concern would be preferable. Mexican bonds are the least desirable of all govern ment issues in the Western Hemisphere. This is due not to Mexico's lack of resources, for she is naturally one of the richest countries in the world, but to unsettled political conditions and frequent fair rating. » trace of any Check your Bonds by the Four Distinguishing Marks ; 1. Independent Appraisals: The property securing every issue of Miller First Mortgage Bonds is appraised, not only by our own ex perts, but by independent, |. ‘al authorities who submit written estimates of value and earnings. Through independent Appraisals you can own a nationally known investment paying up to 7%, with as much assurance of safety as though you had inspected the prop- erty yourself and ‘had obtained disinterested opinions on it. The Four Distinguishing Marks of Miller Bonds are the means by which these bonds may be compared, not only with other real estate bonds, but with any other security. B-118. G. L. MILLER & COMPANY, Inc. 30 East 42nd Street, New York Please send me Folder B-118 describing the Four Distinguisaing Marks, and booklet of | new 7% Miller Bond offerings. I | Name.... Address... . seaweeas | City and State Mail the coupon today for Folder G.L.MILLER &CO. INCORPORATED lephone; Vanderbilt $490 30 East 42nd Street New York | Philadelphia Pittsburgh St. Louis Buffalo Atlanta Memphis Knoxville No Investor Ever Lost a Dollar in Miller Bonds lutions. The country is gradually coming to its senses, and not long ago made a move toward paying interest on its bonds. But all the Mexican bond issues are low grade with their future uncer- tain. If you can do so without loss it would be nise to dispose of your Mexican bond and buy a good security issued in the United States. 5. McMixsviite, Ore.: The Tolowa Royal- ties, Inc.'s promise of dividends is too exaggerated to be convincing. Many royalty companies in ‘exas and other vil fields have caused loss to hosts of small investors. F., Oakianp, Cat.: The ten issues concerning which you inquire do in the main credit to your good judgment. The public utility companies are flourishing and the industrial concerns are divi- dend payers A., Mitwacker, Wis: ‘The only German bonds that can at this time be classed as inviting are the issued external loan 7s due in 1949 and REineipal “and. interest, in American ‘ew York City. These were authorized under the Dawes plan and the proceeds are ex- pected to aid greatly in the rehabilitation of Ger many. The bonds have a prior claim on customs and internal revenue receipts which the plan puts in control of the Allies who defeated Germany in Great War. The security therefore seems The bonds allotted for sale in the United land and other countries were instantly oversubscribed for by eager investors. The offering price in this country was ninety-two and accrued interest to vield 7.7 per cent. The bonds afterward advanced several points in the general market B., St. Lovts, Mo.: St. Louis & San Francisco R. R. initiated a 4 per cent. dividend on its pre- ferred stock some time ago and later initiated a idend on common at the rate of $6 yearly The road’s earnings seem to assure these returns, The preferred is selling sufficiently high for its yield. Of the two classes of stock the common has the greater speculative possibilities. The recent upturn in the prices of the rails was based, on the belief that for years to come the railroa will not have to suffer from undue Government interference. L., Owana, New.: A great deal of confidence is voiced in certain quarters as to the future of the copper industry. If only half of this optimism is well founded the value of the red metal should decidedly increase and copper companies’ shares should have a material advance. So far as its yield is concerned. Miami Copper's stock is selling low. No other copper issue makes so good @ return on market price. Miami is one of the very few copper companies which has not passed or pared dividends since the great war. Ciucaco, Iu better purchase t other oil stocks oil stocks might better for a business The majority of the che be shunned. New York, December 20, 1924 Free Booklets for Investors The question of how to invest January funds is answered by the F. H. Smith Co., Smith Building, Washington, D. C., by calling attention to the 7 per cent. first mortgage real estate bonds in which it deals, and which are secured by. worth while properties in the national capital. To any applicant the company will mail a description of nt offering together with a booklet, Investment Safety in the ation’s r Be addressing S. C, Schauble & Co. (Dept. K-47 65-65 Wall street, New York, investors can get a manual covering listed stocks giving high and low prices from 1916 date, dividends, ete The booklet also records high and low of cotton in New York, and grain in Chicag A story entitled, “Mr. Peters ‘Tells How vest,” will be sent to any address by th Miller Bond & Mortgage Co., 213 Miller Bldg., Miami, Fla. It tells how ai ary citizen by careful investment quietly d wealth and it also describes Miller first mortgage real estate bonds which per Tho per cent. These bonds are on productive properties in the fast-growing e of Florida. ‘How to Sel Safe Bonds” and “Eight Tests of an_ Investment. booklets issued by a long established real estate bond house and embo results of its experience, may be obtained ing to George M. Forman & Co, (Dept. 412), 105 W Monroe street, Chicago, Il Good securities, in large or small lots, may be purchased on the partial payment lag through James M. Leopold & Co., members New York Stock Exchange, 7 Wall street, New York. Send to the firm for xplanatory booklet L-7. Adair Protected Bonds, offered by the ir Realty & Trust Co. (Dept: I-18), Healey Building, At ita, Ga., are now guaranteed, principal and interest at the rate of 64% per cent. by the Globe Indemnity Co., of New York, one of the surety companies in. the country. The Company has been in business fifty-nine years and it is the South's oldest mortgage investment house. Interested persons who will write to the Adair Company will be furnished with full infor mation concerning its new departure in arranging for the guaranteeing of its bonds. 31 comicbooks.com