Judge — February 7, 1925 — page 26: what you’re looking at

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

Smith Bonds are owned all over the world j Lan vw Now held in 48 States and in 30 countries and territories abroad N° matter where you live, the purchase of our 7% First Mortgage Bonds is made simple for you by an organization well equipped to give you satisfactory ser- vice by mail In this connection, an official in the U.S. diplomatic service writes to us as follows: "My own experience, both while living in the middle west of the United States and since I have been living in Paris, has demonstrated to my complete satisfaction the practicability of investing by mail.” 7 or Saih Bonds, strongly secured by im- proved, income- lucing city property, are sold in gee gee and Fico denceaine: tions. You may invest outright or under our In- vestment Savings Plan, by which every partial payment earns the full rate of bond interest. THE F. H. SMITH Co. Founded 1873 First Mortgage Bonds Smith Building Washin, DC. THE F. H. SMITH COMPANY “WY South Building, Washington, D.C. Please send me, without obligation, your new booklet, "32 Years of Proven Safety.” 62% Guaranteed BONDS Guaranteed as to principal and interest by one of the largest and best known Surety Companies in the country, Created by the South’s Oldest Mortgage Investment House and backed by a record of 59 years without loss to a single customer. Write today for full information and descriptive circular, Address Dept. 1-23. Serial Dowom ina Interest coupons payable semi-annually. Adair Realty & Trust Company ‘The Souths Oldest Mortgage Investment House Founded 1865 ATLANTA Philadelphia, Packard Bldg. Jacksonville, Adair Bldg. NEW YORK Adair Realty & Mortgage Co., Exclusive Distributors 270 Madison Avenue —— Investment Bureau Subscribers to Jenae: are entitled to answers to inquiries on financial questions, and in emer gencies to answer by telegraph inquiries tothe Financial No charge is made for this sercice. All communications are treated confidentially. A two-cent postage stamp should always be inclose: ditor, SuvGR, 627 West 4.id St Address all New York, giving full name and exact street address, Anonymous communications will in no case be anacered. The True Barometers by Theodore Williams 1z real state of the securities market is not to be gathered from. fluctuations in prices of issues termed “specialties.” In some of these i regularities have heen marked: they have had spectacular advances, vari with striking declines. In not a few instances a rise was justified by the increased earnings and distributions suing corporations and were idences of prosperous business They gave rightful im- petus to the upward trend and did not go far beyond intrinsic values. But the most reliable barometers of the situation are the sound and well-seasoned issues which are prop- erly regarded as the safe leaders of the market. The action of such solid stocks as U.S. Steel, American Tel. & Tel., N. Y. Central, Atchison, Union Pacific, Illinois Central, National Lead, American Locomotive, General Electric and American Car & Foun- dry—to say nothing of others—is the best possible test of general business and financial tendencies. ‘These represent industries and_ activities that are fundamentally important to the count ‘ir movements are not displays of fireworks, but indexes. of genuine progress in the world of business. All these have experi- enced distinct appreciation in value and have had anthmetical reasons for it. They are thriving and their outlook is favorable. As keynotes of the situation they will bear careful listening in by investors. The market has not ceased its process of readjustment to the new and better times to be. The flood of buying lately moderated, but con- tinued high. Profit taking has been xtensive, but prices have borne it well. Conservative financiers preach the necessity of greater caution as figures mount, but the publie seems to have taken the reins into its own hands. How long we may look for ion of this kind of a market he seen. Some observers continua remains t forecast a generally firm and for- wand tending market for the next two years, provided there shall. be no economic or financial earthquakes. But in the meantime, there are sure to be reactions, more or less material, in even the best issues, and he will be fortunate who buys at the right time. Answers to Inquiries Copper aml Zine vont Coy paying ts annually, which is bese than 6 per cent. on recent market price, Prices of copper and zine have of late been fir and it & powubb: that Butte’s share of pe at pesent. favorably has an ore deposit valund expert at only tthe t apitaliza tion of #2,000000, “Already 8300 x} in development work, Reve ‘ore benty is larger and richer than seme tobe, If that ts true prospect of profit for the ste ts very far from being “a sal fivikend payers Standart Ohl of Todiana vahue 803, . whch was only abeat + pyent market price. The company: and the present dividend rate muy Inctrass! «The statement for 1926 is not at hand. As the company paid a stock divwlend of 100 per cent, in 192 it can banlly be expected to cut another mebon very soon. J CaNTOS, Kani: The Cities Service Com- pany’ is one ef the strongest. publ: utility and cal organizations in the ed States, pt. debenture bonds are well regaried The company is paying dividends on both prferm and common stocks. The earnings of the Chicago & Alton RR mreivers’ hands, are reported as sre bat not equal to those of ges were earned, but reorgani: remark! as probably necessary. Lt is impr to forsee what the plan of reorganization wi rorganizers may announce it before bons N., Bonuvotox, Vi. The Johnson Eaocator Biscuit Company comtoon stock has ne par value and | have no recur of common dividends Available statements of the company’s operatoins and condition are meager. They dewchwe a back Of strength that does ot commend the stock. As @ stockbobier you shoukl br able from the company a detail! acrount of its affairs H, Bervato, N. Yc The Haves-Hunt Body Corp. is ane of the many Durant enterprises Whatever its future may be the concern w still in the uncertain stage. ‘The shares were quoted Lately at 86 bad, 87.50 asked. F Broogtrs N.Y Arne the best copper stocks selling below $45 are Mumi and Chile. Among the oils lower than 845 are Texas C Pure Oil, Shell Union, Assoiated Oil apd Stan’ Oil of Nod. All these copper dividend payers but the rates wary the highest yrekls on market price a Wright Aero has sold higher than & only $1a year the market price is he dividends. The company has to settle with the Gover comes out of this in good shay in excellent fostica. for earnings are reported sing. Latium Steel common, quoted lately is selling too bigh for the dividend uf 62, the company eall comicbooks.com