Judge — May 16, 1925 — page 26: what you’re looking at

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

| I spite of numberless « Investment Bureau ae = Subseribers to Jence: ari gencics to answer by teleg titled to answers to inquiries on financial questions, and in emer+ aph. No charge is made for this service. All communications are treated confidentially. A two-cent postage stamp should always be inclosed. Address all inquiries to the Financial Editor, Iuvar, 627 West 43d St., New York, gici exact street address, Low-priced, But Not Cheap hy Theodore Williams strations to the contrary, low- priced securities are still re- garded by many people as cheap and desirable. To those not well posted on financial matters all stocks and bonds look very much alike. ‘The majority of men and women cannot distinguish the good issues from the bad. That is why hosts of persons are deluded into. buying worthless certificates, often putting into t the savings of a lifetime, thus losing How to Analyze a First Mortgage Bond YOU are a bond-owner or a prospective purchaser of bonds, you will find this folder, “How to Analyze a First Mort- gage Bond” most valuable in measuring your present hold- ings or those you contemplate purchasing. Fill in and mail the coupon be- low for your copy of this valu- able booklet. Use it as a guide in theselection of yourinvestments. THE STRAUSS CORPORATION Penobscot Bldg, DETROIT, MICH. New York : Cleveland : Los Angeles * COUPON ee THE STRAUSS CORPORATION %h Floor Penobscot Building DETROIT, MICH. Please send me without obligation your Bock- let How to Analyze a First Mortgage Bond” evens: J-516 Name Ati City No Connection With Any Other Bond House full name and Anonymous communications will in no case be answered their all. These dupes find that. the cheap stuff was really dear. The gullible American public is presenting perhaps a billion dollars a year to the promoters of all conc ble kinds of fake com- panies, trusts, syndicates and associa- tions. The ingenuity of the swindling fraternity seems to grow with the years, and to thrive in the face of much prosecution and incessant warnings. Periodically it is necessary to urge the public to beware of the le unlisted issties whi -priced hh glib salesmen are peddlin, yamong the uninformed. ‘The apparent cheapness of these stocks tempts thousands whose means are small to gamble away their hard earned dollars. Impossible profits are promised, but y indewd are any returns made to the fakers’ victims, Concerns which shun publicity, whose prospectuses are highly colored, and whose shares are offered for a few its or a dollar or two should ordinarily be regarded with suspicion and their offerings re- jected, But wariness should not end here. Stocks listed on the exchanges are subject to publicity and so far are on a right footing. But numbers of even these, once promising, have lost their merit and might well be excluded from the lists. Their presence in good company giv them a false respectability and duces purchase of them because their quotations are low, and often. the buyers are severely bitten, Generally only dividend payers should be bought by the average person of moderate capital. The sound high-priced stock is usually cheaper relatively than the low priced one, for it should be a source of revenue, which may never be the case with the low-value, non-divi- dend paye Inexperienced persons should seck the advice of competent judges be- fore risking money non-dividend on low-priced paying ues that look cheap but are actually dear at the prices asked for them. Answers to Inquiries C., Reievinie, N.C. Hayes Wheel, fike the majority of stocks, declined matenally in the recent slump, but it is paying a dividend which is making « good yiehd on your purchase price, and it looks better to bold far a while than to sll serious lass. The N. Y., New Haven & Hart- ford ROR. Co's Boancal condition has been improving. The stock beld its own during the late slump very well considering that it is a non dividend paying speculation. Maxwell Motors B has reacted from its low point, and now is many Prints bigher than your average purrlase price The stock pays nothing and is sprulative. But the cumpany's earnings are reported lange snd there is strong expectations of dividends. Coen Products has merit but the dividend is maderate and too low fur the market price, Bethlehem Merl com. is now only a speculation and may be fa long pull, The company lately repurted be earnings, Marland Onl, Sinclair Cons, OM ¢ Conden Oil and Lago Pet. are noo-dividend payers and not attractive at peeseot. Standard Oil of N. J. makes a low return on market peice but is reawnnably safe, Manhattan Shirt, with its divi depd of 81.50 yearly, is a fair bu nan's par chase. Of course you koow that Cosden & € now called Mid-Continent Petroleum Carpe ©, Taramovyy, Moon Motor « earnings were pany earned ibe td jue to the cof prices of pro pany is sat in good finane prospect earning the ful the first year. dens August 1, 1 commen sold this sear sever het than at present A is Pet paying dividemds and as th Hindu is still unsettled it profit_on your shares The Wil on Co, went iat hands. It per share in Hon commen stork. Hh owing ta beavy interest charges, neither stock was paying dividers amd there was devised a plan of reveganizatien which caused the shares to stump. “i ation gets clearer the purchase of stock in the new company is pot advisable, M. Ciserssari, O2 paying dividends at the rate af extra), Were this dividend a stake Mining is partly eould be a fine purchase, even at a higher market pew, but like a ining txsue spreulative and pet an investment, Packard Mater stork has forrit. HC pays #120 per year « ever 6 pet cent. at tee Sugar isa fait Lusness man’s buy. Its div of BY make feral yieba Cayamel Fruit wetls The pany suffered a charges and dividen more speculative, Th credited with paying h He is sud ich yrekds a litt be price, Cuban: \mer, depeit. Wis atfil & Staelting Co.» its par value panies are « HL. Derr ing SO cent ess man's KK, Artavric Node Stocks meeting your requirement as “sound dividend payers to. yicbl over 7 per cent.” include Standard Gas & Electr Soper cent. pli, West Penn 7 per cent Union Pacific com., paying 10 percent. and selling lately under 6140, and U.S. Rubber pd. paying Sper vent, HL, Breweyon ya, Avs prodent investment foe your first-class first mortieage real estate bonds pa 685 pee cent. of 7 per cent., such as are advertiont regularly in Jee K. Low Axorum, Cat: The Holding Co. was incorporated only about a sear ago and is therefore not fuily srasined, It h capital stork of €30,000 shares evanmen of value and $1,000,000 8 per cent. preferred pany depends for incume on its invest ments mlard Onl stocks. It is of the th type. T have po statement of Tis preferred stork the evnmon. 1 have po record Nh ‘o. but presume that it is similar +t share, is a moserately good ts hase at its present price, rurchasing & M.. Cansecte, Pais While some of the Me : blications have been succes are still in the experimental stase all the units into tion was aa advisable step, but the new organization still untried, not certain of success and its stock is in the speculative class. D.,, Broownry, N.Y: The White Caps Mining inewrperated in 1915 with « capital stock par value only 10 cents, The wsexsable and the boblers have had te pay considerably more than the ridiculously byw fey aloe figure. Some intern times they have 1 to dip into their pockets for a 2 cent of @ T cent assessment. ‘The company has had several difficulties. ‘The gold ore is hard to reduce, ton much arsenic in it being one of the troublesome features, There have also Leen litigations with other companies, At one time the ore blacked comicbooks.com