Judge — March 21, 1925 — page 24: what you’re looking at

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

| gencies to answer by telegraph. exact street address, The Tide Halts by Theodore Williams EEMINGLY the flood tide which began in the securities market last November has, for the present, reached its height and cannot be expected soon to swell upward with its original force. Its Investment Bureau Subscribers to Sepa are entitled to answers to inquiries on financial questions, and in emer- No charge is made for this sercice. | are treated confidentially. A two-cent postage stamp should always be inclosed. Address all inquiries to the Financial Editor, Juoae, 627 West 43d St., New York, gicing full name and Anonymous communications will in no case be answered. All communications level may still vary from time to time, but the movements will be on the surface and due largely to passing conditions. Some new impulse will be necessary to occasion another strong drive forward of prices in general. This can come only from such an expansion of business as will be in the nature of a boom. The Investors Throughout the World. i This New Bookle Will Re NEW booklet about Smith Bonds isa mattcr of world-wide interest amon, first mortgage investors, because Smi Bonds are owned in every State in the United States and in 30 countries and ter- Fitories abroad. Thousands of men and women who first learned about The F. H. Smith Company by dipping coupons in magazine and newspaper advertisements are now clip- Bing coupons regularly from Smith For the further reference of these inves- tors, and for others who want the facts about this Company’s record of service, a new booklet about Smith Bonds has been published for free distribution. THE F. H. SMITH COMFANY 1A Smich Building, Washington, D.C. | Please send me, -wishout obligation, « copy of your new | | bookiet, "52 Years of Proven Safety.” i Address "Fifty-two Years of Proven Safety” You can read the whole booklet in 10 or 15 minutes. But those few minutes can mean to you, as they have meant to so many others, years of perfect satisfaction and perfect safety in the investment of your savings. Mail the coupon for a copy of the booklet today. 7% First Mortgage Bonds ‘O Smith Bonds, strongly secured by improved, income-producing city erty, pe sold in Sia, Sorel bio denominations, and in maturities ranging from 2 to 15 years. You may invest out- right or under our Investment Savings Plan, by which every partial payment earns the full rate of Bord paral No Loss To Any Investor In 52 Years THE F, H. SMITH Co. Founded 1873 First Mortgage Bonds Smith Building Washington, D.C. signs do not indicate that this is near at hand, and so the market for most | stocks and bonds may just hold its own, neither advancing nor receding materially, for some time to come. Of course, individual issues, acted on by special influences, will not observe this rule. Railroad and other mergers, split-ups of high- priced stocks, recoveries of certain corporations from deep depression, and unexpected increases of earnings and dividends may afford the bulls many chances, while something is sure to happen to give the bears, now and then, an inning. The readjustments of security values in the past few months have not been perfect and fi but they have been stabilizing. Both investor and speculator can now bank more confidently on quotations than was the case not long ago. ‘The specula- tor looking for swift big profits is apt to be deceived often, but the one who buys for a more distant future is in the way to come out well. The conservative forecasts given in | these columns have already verified in not a few instance If, as veteran observers predict, the day is once more coming when a return of 6 per cent. or even 3 per cent. on invested capital will seem adequate, now is a good time to buy. The buyer should select with care. take advantage of recessions, and “possess his soul in patience.” | Business has been nearly, if not fully, caught up with by the ex- changes, but it is not going to stand still. It will eventually progress to the point when it will again have to be discounted by the securities market. | beea | Answers to Inquiries S,, Cmecaco, fu are fairly Ajax Rubber ( of for 1925, More speculative 8 per cent. bonds are those of the Conwlidated Textile Cor at around 89, Excelient and safe pu the 645 per cent. and 7 per cent. real estate bonds sold by first-class houses. aM I certainly few hundred of shares of Middle States Oil’ stoc ‘That issue is very low priced but that margins. nes not make Radio Stocks A Buy 9 e Send for Free Summary Bulletin K-47 H.C. SCHAUBLE & CO. 63-65 Wall Street New York comicbooks.com