Judge — April 18, 1925 — page 30: what you’re looking at

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

Subscribers to Seve gencies to answer by telegraph. A Needed Lesson by Theodore Williams ne lesson taught by the recent state of confusion, scrinmage and slump in. the securities market is mainly the danger of over- speculation. Rising prices had in- Smith Safety and vy 4 —no farther away than your mail box State in the Union, and in 30 | Iban te and territories abroad, thrifty men and women have found safety, con- venience and profit in buying Smith Bonds by mail. Smith Bonds are First Mortgage Bonds, strongly secured by proved income-pro- ducing city property. They are protected by the system of safeguards which for 52 years has proven 100% efficient in protecting in- vestors against loss. You may buy these bonds for cash, or under our Investment Savings Plan, which gives you 10 months to complete your pu! of a $100, $500 or $1,000 bond, after an initial payment of 10%. Most persons who now own Smith Bonds obtained their first intimate knowledge of these proven profitable investments by clip- ing and mailing a coupon similar to the one low. Why don’t you mail this coupon now? THE F. H. SMITH Co. Founded 1873 No Loss to Any Investor in 52 Years Smith Building Washington, D.C. THE F. H. SMITH COMPANY 2 South Buulding, Washington, D.C. Please end me your two free booklets telling why Smith Bonds ave safe bonds and explaining your Investment Savings Plan. nsiers to inquiries on financial questions, and in emer- charge is made for this service. All communications are treated confidentially. A two-cent postage stamp should always be inclosed. Address all inguiries to the Financial Editor, Juvce, 627 West $id St., New York, giving full name and exact street address. Anonymous communications will in no case be answered. vited @ vast amount of buying and there was reached a point above which quotations could not be pushed. = Many wearied holders sought at once to obtain what they could out of their commitments and threw their shares overboard. The bears lent a strong hand in beating down values, The result was so drastic a reaction that many financiers were convinced that we had seen the last of the major bull advance. There was a plenty of predictions that, although spasmodic upward spurts would be made, the future was in the grip of the bearish clement. This may be so, but not necessar- ily so. ‘Time alone can decide it. y bull market las had relapses due to overbuying and downward the fundamental conditions in bad shape the pessi- mism alluded to might be justified. But from every source, even from the President's cal have come assurances that business is fairly satisfactory, with probabilities of improvement. It was argued that the action of the stock market was. not wholly duc to outside influences, but was largely of its own making. To be sure the decline in grains had a sympathetic effect on securities. But in the commodity markets, no lexs than in the securities market, speculation had gone to hazardous lengths and had to come to a stand- still. Whether we are to have for months ahead a weak and waiting market or a slowly recovering market depends on how far the pro- fessionals can sway the public. For a while the public may hold back, but the speculative spirit may gradually revive from its late scotch- ing. Another boom may not occur soon, for to succeed it must have a solid basis in expanding general business; and though business is jogging along quite bris! it is not encouraging speculative stampedes. But bargain hunters have had a rare chance. Those who bought on 238 FIRST MORTGAGE REAL ESTATE GOLD BONDS HESE Strauss First Mort- gage Real EstateGold Bonds, offered in broken lots as to maturities and amounts, com- bine the highest possible yield consistent with the greatest margin of safety. If you contemplate an invest- ment at this time or in the near future, mail the coupon below for circular—J-25. THE STRAUSS CORPORATION Penobscot Bldg, DETROIT, MICH. New York : Cleveland : Los Angeles NoConnection With Any Other Bond House * COUPON « THE STRAUSS CORPORATION 9th Floor Penobscot Building JANIS DETROIT, MICH. Please send me without obligation your No. J 2s. Name Adérea__________ $100 and $500 gold certi- ficates payable on demand at par (with interest on any interest payment date) on ase toour New York offices.* Tiisisthesecurity youhave sought, plus thesafety your business sense requires. Our lan gives you eight per cent use our operating meth- ods earn it for you. And we guarantee to maintain sub- stantial bank deposits for the sole pu: of enabling you to liquidate your investment if the necessity should arise. You will want tolearn more aboutthis unusual investment opportunity. Request further information while this adver- tisement is before you. Our interesting new booklet (il- lustrated) gives complete de- tails. Ask for JU 2. ‘The Corporation reserves the privilege of requiring 30 days’ adeance notice of liquidation REALTY SURETIES 2720-24 Broadway NEW YORK CITY comicbooks.com