Judge — February 21, 1925 — page 30: what you’re looking at

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

gencies to answer by telegraph. inquiries to the Financial Editor, JUDGE, 627 exact street address. Surface Signs Misleading by Theodore Williams NDOUBTEDLY the securities mar- ket does to some extent dis- count the future course of business. But the price changes from day to day, or week to week, are not true indicators of the economic condition. If business progress fluctuated as do quotations on the exchan, perity in this country would ha firm basis and industry and commerce would go to smash. Those who are puzzled by the irregularities of the securities market should understand that, beside the external influence of pros- ye no Subseribers to Junce are entitled to answers to inquirics on financial questions, and in emere No charge is made for this service. | are treated confidentially. A two-cent postage stamp should alvcays be inclosed. West 3d St., Ne w York, ering full s name and All communications Address all the business situation, there are in- fluences within the market itself that often obscure the business trend. There is a good deal of financial foothall playing on the exchanges ancl through “bulling” or “bearing” t tics values are pushed up or down regardless of the merits of the issue involved. The means and methods employed by the opposing factions of speculators are not always ethical. ‘They rack the nerves of speculators and confuse investors. One who de- pends on surface signs can get no proper idea of the fundamental forces at work. These latter are the ones which eventual win out. To Investors Who Want to Do Better Investors who have been buying Miller First Mortgage Bonds year after year have enjoyed these advantages: Interest up to 7%, paid promptly when due, or 30 days in advance if asked for; Constantly increasing safety, because monthly payments have been made regularly to meet maturing bonds: Freedom from anxiety, because Miller Bonds do not fluctuate in market price. If your own investment experiences have fallen short of this satisfactory record— If you ever lost any money on securities— If you have failed to average 7°( net income on your money— Now is the time, and here is the way, to do better: Become an owner of Miller Bonds, which have demonstrated their qualities, year after year. We will gladly furnish descriptive circulars and explanatory booklet, “Creating Good Investments.” To Comitcer a coMPANy, ine 30 East 42nd Street, New York Please send me, without | SCreating Good tnvextmenta Miller First Mortgage Bond lee | Name | Adare J coty and state Mail the coupon today. G.L.MILLER &CO. iwcompowareo 30 East 42nd Street, New York Philadelphia Pittsburgh Buffalo St. Louis Allanta Memphis Knoxville | No livedtor Ever Lost a Dollar in Miller Bonds 28 And what do these indicate at present? A sure and stable general state of prosperity throughout the land. ‘There is no boom nor expecta- tion of one. But production and trade generally are proceeding in en- couraging fashion. Readjustments in various branches of activity have brought about an equilibrium which portends well for the future. Busi- hess is reasonably profitable and bids fair to grow better. Security prices may seem high after the upturn of the past few months, but the best issues will have no real occasion to go lov ‘Their intrinsic worth should make their holders calm and confident no matter what tempor: figures are blackboarded on “Change.” Selling out good securities in alarm is like the throwing overboard of valuables hy panie-stricken cause the ship has met a storm. passengers be- Answers to Inquiries The, White « Hasetosn, ee * ja the treasury. and developer we. The ore is said to 1 silver and samples of it ‘work has pot been exte contain copper, lead yield 816 to 8&9 @ te dollars is a small ck you can send a ¢ teining. full particelary to. tbe “Departaweat of Rat Washington. D. Midated On} nds on common stoc J them on preferred. All classes ore selling lower than formerly bat a revival in the would probably cause these securities Sinclair 7s are not gilt-ederd but they sre reasonably sale and they are gverd to bok for the | penent. arantee is by one of the largest nies in the United States, ‘The be and their price does not fluctuate, New Yous: The Northwestern M: pany has been in, bu fice is in Milwauk sbahl be fully able to car M.. Bexx felt Bexly cvatracts The Sprie ated in 1 of the Smith 1 prinatield Hoey ee mbvidead payer. woe Petroleum € zurlan lake and has not as yet got in pexduction. The ki 1 Co. tion of 750,000 shares of no par ¥ ling interest in the company was sokd at auctic $100,000, which indicated thee The company has, pa dents. The Jib Con y dees pet appear very Tt has bad to insue notes to roret rent imbebtedness. Its stock is quoted at ly cents. All of these last three imues are speculative and risky for any conservative your money, f tment will forfeit their stock. wie than to pay the assessment. It is tain that the reorganized company will better than the oll one. The obl rompany paid no dividends, ‘The ine is tow high comicbooks.com =