Judge — July 11, 1925 — page 23: what you’re looking at

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

F., Saw Francsco, Cau: The broker's circular i= “submit outlines the partial payment plan for buying securities. ‘The plan has worked well in many instances when operated by a reliable house. As to the securities specified i circular, the com approve for a partial payment purc! (Rerland common, and Kansas Ci common are not paying dividends a for a long time to comes Canloreia, Petrleam common pays $1.75 yearly, a rather moderate Jick! on market price: AIl'three stocks are low grade at present. My ey has always been to buy on the partial payment plan only sound dividend-paying securities. H., Gaxasoger, Ovt.: Lima Locomotive is on a $4 dividend basis which makes a rather un- attractive return on the price you paid. The company last year earned over $7 per share, com- pared with over $11 in 1983. but the dividend ts so low that it added considerably to its yl surplus and its working capital, It has. devised & pew and improved type of locomotive and anticipates: results from this, Earnis seem to be ling wp very well this year, It might be well to bold your shares for the present in the hope of some recovery i which would enable you to switch to Weiter ad ntage to a stork making a higher return. G., Warxe, Pa: Reading Coal rights are ex- changeable at the rate of two rights for one share of Philadelphia & Reading Coal stock until January L next. A good many holders of rights have made the exchange. The: feature in the situation, however. coal stock the bolder of rights must make atbdavit ading stock. ‘The court's segregation decree requires him to choose between the two stocks. Yi several months in which to wait for developments, but the Read stock is of a sounder quality than the ser it seems wieer to cling to it and to dispose of the rights, C., C muses 0.: Goodyear Tire and Rubber ing 87 a share and is selling at about par. pod business man's investment, as the company is now in a prosperous coodition. The prot prefered paying 8 per share ts «safer and better purchase, makina pe i tae the the erred i jerred has had a big advance and is quoted several paints above par. Bat it has resumed its 7 pee vot. dividend, and arrears of &0 share will probably be paid up before long. Pits would re- duce ite net price of the stock to less than $80, a which figure it would be a desirable purchase, ‘ew Yonk Cree: The Federation Bank of hes York has 0 far made an excellent record and may continve to dom. Bat it b still young and has not been so well teed « as the older banks. Foe less than the $200 per share ‘asked for its stock you can bay the shares of long-established institutions which net you more than 4 per cest. and besides the surpluare of some of them are 00 large as fo give promi of a mehoo cutting sometime in the future. W., Counaaoo Sratvas, Coun: Both Con- sumers Power first and unifying Bt cent. bonds, and American Telephone & Tel ph stork have investment quality and may prudratby ter be. don jt you have an excellent profit on your American ‘Tele: phone & Telegraph stock, and you could increase the return by dipasing ‘of it and investing the proreeds in sound 7 per cent. preferred. stocks selling below par. Continental Oil Company is and prospering, but tbe dividend of only makes a poor return on market price, K more liberal dividend payer would be preferabe Central Leather common isa long way from divi- dends and it would be better to substitute for it pays dividends, An investment acheme which inckides ‘Kingdom of Denmark, bande, Chen, & Ohio R.R. 6'g per cent, preferred stock, Balti- more & Ohio 6s, Utica Gas & Hhctric 7%, Donna cona Paper Co. first 6s, P. Lorillard “Tobacco T per cent. first [oud stock, American Gas & Hiectric 6s, and Duquesne Light 7 per osnt. frst preferred stock, is on the whole an excellent one, making a good diversity. It seems reasonably safe to, invest, your 810,000 in these securities haat toads it would be well to ascertain i tbe indenture contains a tax fee covenant et, Micu.: You haves a handsome gueal tives in’ Braboned Ae Line eortoceet and prudence would dictate welling now, But the road's reports of earnings are so favorable as to give the stock further speculative possibilities, If you decide to sell you can find good specula- tions "in Paige Detroit” Motor, Parkard Motor Moon Motor common stock, each is a dividend pa: Or, Stncceae, N. Yet) Mond of the leading S. O. onably safe speculations, but their beral, “It when a he process La ‘not an ims Bi fo'him. Bats. stecthalters beck for abe and disegard preeeat disburwments. The high and low o OL of € since Jan. 1, 1924, are 6845 and 5514 0. of Nediana 6334 Bag He Cin 1925) 5 srg re Naronn, Vr: The Fisk Rubber Co, er'a period of ndversty and nicpravled chee recently reaniaed dividends. on pected ok, ~ Outstanding Bond Issues of the Year for July Reinvestment One of these is a $4,500,000 First Mortgage 7% Gold Bond Issue, secured by the Hurt Building, Atlanta, Ga., the largest office structure in the South. Building appraised at $6,750,000, estimated net earnings $625,000, or approximately two times greatest annual in- terest charges, and substantially one and one-half times greatest annual combined charges for interest and principal. Write for Booklet 107, which describes Miller Bonds, paying up to 7% interest. G.LMILLER & CO. 30 East 42nd Street, New York No Investor Ever Lost a Dollar in MILLER wortcace BONDS = not at the full rate of 7 per cent. but at the rate of 4 per cent. ‘There are arrears on both first and second pid. stocks which must be paid off before the common will be entitled to anything. The ‘common is selling too high now and has apparently discounted the future for some time, A more at- Iractive speculation is Paige Detroit Motor stock, quoted at about #21 and paying $1.20 per year. cw Yona, July 4, 1925. Free Booklets for Investors As investments for July funds the P. H. Smith Company, Smith Blig.. Washington, D, C, offers 7 per cent. first mortgage real estate bonds, strongly secured and well safeguarded. ‘The bonds may be bought outright or under the company’s invest- tment savings plan. Full bond interest vs paid on all amounts deposited and ten months is given to complete payment. To investors asking for ¢+-L, the company will send two booklets telling all about Smith bonds and explaining the investment savings plan. ‘The Strauss Corporation, which has offices in the principal cities, recommends for July investment Its first mortgage real estate bonds rigidly safe- guarded by the Strauss Safety lure. T fonds will net 7 per ceat., of at purchaser's option they will be guaranteed by the Equitable Title and Guaranty Co, to yield 6% per cent. For full 1n- formation concerning these guaranteed securities write for 3-087 to the Strauss Investing Corpora- New York. All those desiring to invest theis current surplus ted by the Trust Company of Flonda, Miami, Fis, to investigate Florida, where one cad grt 8 per cent. on first mortgage securities with all Standard safeguards plus trust company service. ‘The company will mail to any applicant its booklet (210), which presents five reasons why. the com- pany's clients get 8 per cent. safely in buying its $100, "4400" and $1,000 tonds.”“Thewe bonds can be bought on partial payments restabliched and responsible American Bond and Siortgage Co ehosr rapatal and surplus exceed 86,000,000, with offices at 187 N diss Chicajos 345 Madson ‘avenors New Vert City, and in teen otber cities, has iste a booklet, “Lovestment Opportunities,” containing a and diversified let of choice 835 per first mortgasr gral exate, bond, Tha ia the company’s forty fourth semi-annual invest pany holds that the ley atte ontis cannot be uestioned as they are backed by well located and able properties in leading, cities which cannot fail to to proce end income. - To obtain this book- let to the company for J-199, the Juoce Investment Bureau can give you any help, the pleasure is all ours. Address Investment Bureau JUDGE 027 West 43d Street New York HE five reasons for the 8% rate Florida pays on first mortgage security are directly and clearly stated in a Trust Company of Florida pam- phlet. We want to send this free to those who desire to investigate be- fore they invest. Write for it today. Invest in Florida at 8% $100, $500 and $1,000 Bonds Partial Payments Arranged a ‘TRusT CoMPANY or FLORIDA +i Capital and Surplus *$00.000 MIAMI 0) FLORIDA 1 want toknow Florida's five reasons for 8% andaafety. Name- Street City vnnvevnnnvennenenereseserservens State oseeeereereerme@T