Judge — July 11, 1925 — page 22: what you’re looking at

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

cg Investment Bureau Subscribers to Juvae are entitled to ansieers to inquiries on financial questions, and in emer- gencies to answer by telegraph. No charye is made for this service. A 1 communications ' are treated confidentially. A two-cent postage stamp should always be inclosed, Address ull inguiries to the Finar cial Editor, Juvae, 627 West 43d St., New York, gicing full name and exact strect address. Anonymous communications will in no case be answered. A Waiting Period by Theodore Williams HE hot days of June gave a touch of languor to the securi- ties. market. ‘Transactions were on a considerable scale, but there was less rubber-ball bounding of prices than in previous months. It was a foretaste of what might be expected if the midsummer months should prove to be as warm as usual. In that case, while values may not slump they may seesaw and the market become irregular, and get into the doldrums, making no prog- ress either forward or backward. It bids fair to be more or less of a 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 If you contemplate an invest- ment at this time or in the near future, mail the coupon below for circular—}-11, THE STRAUSS CORPORATION Offices in Principal Cities NEW YORK: Strauss INvestinc CorporATION Cirecar Na het cblestcn your “Name. waiting market now until cooler weather sets in, and financiers’ vacations are over, and the energies of the business world renew their vigor. Necessarily this dullness will try the patience of investors. General business itself is holding its own too well to justify serious misgiv- ings as to the future. ‘The ecunomic situation is sound and is likely to im- prove even in the summer season. Large bank clearings, almost record car load- ings, expanding export trade, hints of revival in the vil industry, continued activity in building operations, and many extra sums in dividends are among the pruphetic signs. Additional Federal tax reductions are so nearly certain as to inspirit enterprise. In the fall, barring unforeseen adverse events, the industrial and commer- cial forces promise to be once more in full play and to give prosperity a more positive push. Then we shall probably see a decided trend in the movements of securities. In the meantime, “Watch Your Step” is an excellent motto for the investor. He may not be so favored as to get into a specialty on a spec- tacular rise, but he can discriminate in choosing stocks and the time at which to buy them. The solider issues are still worth while purchasing on recessions. They are making satisfactory yields and their values must surely appreciate in a pros- perous era. The better kind of issues may not provide striking speculative rewards, but they should make honest, sufficient and assured returns on investments. Answers to Inquiries 4, Barousront, Conx.: The 6 cent. pre- ferred stock of the Associated Gas & Electric od lereeke on ccil Proposition as the company’s it to pay dividends on the common stuck, aod to to provide Payteis on peter tor URiTpeocs, Nea: Dodge Bros, has been cy Bide} fale to ibe ‘so, under the uew aanagement. It is, proposed to pay 7 per cent. on the preferred stock so that the return will be ‘on the purchase price of $100, to the common shares received as Your $8,000 investment looks sound and reasonably safe. Armour of Delaware re- berts'are favorable abd the company’s Ys have merit. P., Cencaco, Tut: ‘The Union Oil Co, of Dela~ ware parted with most of its assets to the Shell Union Oil Corp. in Nov., 19¢2, The Union Oi! of Delaware is now in process of dissolution and will cease to exist after making a small final dis- Inbution to sockholders, ‘The Yellow | Cab lanufacturing Co. is ring its issues are fair business paged, ‘The Wrisley Company is flourishing and its shares have merit. ‘The Omnibus Co. appears to be duing well, but its common stock is more speculative than its prefered. Earnings indicate that Continental aa & Electric Corp. Lond are quite safe. Fair reports large business and pays dividends on both classes of stock, Nearly all the listed standard a are “profitable” in the sense that they are good returns to stockholders, ‘Their future Prices cannot be foreseen. S. Qurvey, lu: There is no regular exchange bor the pur perches and sale 2s real Ssia\e, boats, although the starting of such a project bas fre- erally been ‘under ducusson. There ure coo- cerns in this city which handle cet securities, among other issues. "Some real est = sxrasionally buy back their hoses ‘bight price reduct Seow Aden pi N. Y.: I have no know!- tulge of the financial service company you mention. Every broker in this cily is prepared to give in- formation and advice ‘to customers. Whether the service you refer ty is of any ‘special value can onl wed by trying it. y. Wisos, Ba Western Maryland R. R. made a poor show uf earnings in 19¢b but its out. look for this year is said to be brighter. ‘The most jmoortant feature in its situatwo is that four heading Re R. lines are seeking to acquire it. An official statement lately to thi effect stiffened the price of Western Meryland stock. 4., Moxsox, Mn: ee Products common should not sell much higher on its present divi- dend. Owing to the i Price of corn and the low price of sugar, the company’s earnings so for . year have not been very satisfactory. Ameri- jecl Foundries common paying #3 and selling galy aboot Sve points higher ia tore. desirable, ‘The fact that a stock is callable at $120 dues not necesmarily prevent an offer of $140 for it. The offering price would depend on the eagerness of the wuyukl-be-buyer and the pussible competition. P., Vixezasn, N. J.: 1 can ascertain nothing about the concern yuu tention. (So many moving Pictore. companies are all the time spring! that fis imposible to Keep trark of theme Mont of them prove failures. Many roel have: as money by them, S., Guowe, Ani: In view of the unsatisfactory state of the copper industry, a switch from In- concerning which re is some doubt. Moon Motor, paying 9, is preferable to Congoleum. ‘he earnings of the Kansas City Southera have alt encouraging as to warrant bope of a dividend on commun, bat caly directors can tell if or when it will be declared. C., Jouxson Crrr, Tess.:) The present ptand- ing of the Flint Motor Co, stock is shown by the fact that the shares, which were launched at $15, are now quoted at 86,25 bid, $7.25 asked. There is ise ‘an “over the counter” market for them. fusing to loan money on the Flint stock the Durant Company shows horw sense, even if, as . it violates a promise. P ars [pteings ou Eh] Veited Light. & Fower Company ‘of paying on all Sons ol dak. Class A shares = fair business man's peetase: ‘The Southern P Railroad Company is prosperous and its stock is paying @ per cent. It is well iter net income by buying Union You can get Pacite common, wich pays, 10 per cent and is selling under 8140. Wabash common is dividend payer but is 8 good epeculation ae erable. ort Ride Yoke Girt T do pot under od why fers ot ebe shoukl be “anxious to bay Star Motor stock, The Star Motor Com- was a subsidiary of tl rant ren ‘e ie merged. Ties ihe two companies have been was expected. to benefit both companies sod Fou might as well aceaes your Star shares Durant shares at once. Neither stock bas idend prospects and both are lative, but Durant selling ‘at about twice the price of the Star shares. New Yorn Crrr: The earnings of the H. Brooklyn-§ Manhattan Transit Company are show- well, the preferred dividend is being paid are prospects of a return in due time on the common. The com ny’s 6 cent. bonds ny s © per ince March, the, road's nse: has materially for reur- 1915, "During the receivers condition, formerly very improved. Plans have been. considered nization of the company and extension of ee ine to Tampa, Fla. and Greenwood, 5. C. extensions, it is believed. add much to ibe earning power of the road. The sole receiver of the road now is John Skelton Williams, ot Pei mond. He will doubtless be very willis ve Jou fall information regarding, the road's sire and advise as to the value of the shares belt b your friend. comicbooks.com