Judge — August 8, 1925 — page 22: what you’re looking at

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

Investment Bureau Subscribers to JuvGE are entitled to answers to inquiries on financial questions, and in emer- gencies to answer by telegraph. No charge is made for this service. Il communications are treated confidentially. A two-cent postage stamp should always be inclosed. Address all inquiries to the Financial Editor, Juve, 627 West 43d St. ‘ew York, giving full name and exact street address. Anonymous communications will in no case be answered. Chances in the Market by Theodore Williams oT even the issues of well-estab- N lished and seasoned standard corporations are exempt from fluctuations, but they are more stable in price than issues of less intrinsic merit. ‘They offer opportunities for in- vestment rather than for speculation. They are more fitly added to one’s per- manent estate than bought for mere trading purposes. Sometimes, after long i securi- ties provide a speculative as well as an investment chance, and they are fortu- nate buyers who acquire them at the right time. In these the average investor (who is rarely well posted) finds a degree of certainty and safety which should attract him more than elusive possible depression or sharp dec , thes profits in less reliable issues. It is nevertheless true that the standard stocks and bonds occasion- $25,000 in 10 years earns at 8% Without Additional Investment! Many examples of profit possibilities have been charted in our new book- let, “2% to 4% Extra.” You can obtain 8% safely in Florida. The extra. 2% to 4% means a substantial gain in money and a great saving in time in reaching independence. Mail coupon for free booklet and learn our gain by investing at 8%. ally become in the popular view shopworn and stale. The investor quite as much as the speculator yearns for something new. And here frequently lies serious danger. Its very novelty often gives a new security at least temporary popu- larity, a brisk sale and higher quota- tions. Older stocks of superior worth are neglected for the newcomers. The launching prices of the latter are not always maintained and their purchase may mean loss instead of reward. Those who are unac- quainted with financial conditions would do well to stick to the time- tested stand-bys. Yet it cannot be denied that the well-informed, the experienced and the shrewd operator now and then discovers profitable chances in the new issues. If he sizes up rightly those likely to grow in strength and earning power he can reap fine re- turns. As there is bound to be a continual coming to the front of newly organized or newly financed corporations, these should be care- fully studied by the seekers for profit. Offerings in the securities market are becoming from year to year more ex- tensive and varied. In the last six months $1,817,109,000 of new secur- iti admitted to trading on the New York Stock Exchange, alone. ‘There cannot be foreseen a time when money-making will not be feasible for a few cautious, wideawake investors. wel Answers to Inquiries Maniox, poration wa but though young i several successful cent. on ‘There seems to great future for this. cast important additional expansion. The pre- ferred stock, therefore, is 4 meritorious investment. International Paper Co. 7 per cent. pfd. stock is a sound fgsue and a prudent purchase. Newank, N. d.: You do not specify what American bonds you own and so I can pass no judgment on them, Jnpanese Government 619s are so highly regarded that they are selling several points above par. The Park Lexington first mortgage real estate bonds are reasonably safe. B., Sours, Norwatk, Conn.:. On its prevent dividend basis, $1.60 yearly, Motor Wheel is selling rather too high but its increasing earnings have excited expectation of a larger disbursement. reason to expect a ‘erprise for which is f N., New Youx: The chief advantage con- nected with buying bonds listed on the exchanges is thei i ‘They can readily be sold at uny time either for more or for less than ‘was puid for them, On this account many people prefer them even though their yield may ‘be less than that of first mortgage real estate bonds, which have not a ready market. For permanent holding, however, first-class real estate bonds have a safety and yield that make them ideal » Pine Buurr, ferred stock you bougl $5,000 of Frisco 5 per cen purchase by its advance the safer issue. It woul ‘ou to sell 85,000 more of Frisco bonds in order to yay such speculative stocks as Anaconda, Kenne- cott, and oil is Du Pont Po very high for its 10 per cen being based on anticipat: stockholders. Fe .: The public utility pre. with the proceeds of bonds has justitied your although the bonds are not be good policy for 0. is a s have a good rating. An excellent switch from Frisco 5x would be 635, 7 of 8 per cent, first mortgage real estate bonds offered by leading bond houses through the columns of Jupc cents a share. was once fairly brig] [ company’s outlook, which ems hopeless Thave no Pruicipsuenc sources of a local af I know of imply ith no stock exchange connections. market for the shares, Your been making a good for nine this is assured you m well be ith things as they are, N., ‘The Haj pines. Cundy ogress. It is perating many stores and restaurants with success, The corpor recently declared an initial semi-annual di of 25 cents on its class A. shares. san annual return market price. earnings of more th ‘The compuny ines exclusively ing them to other industries, gres ening its market. ‘The present outlook is highly promising. The Duz Co. reports steady expan- sion and increasing sules but I have found no tion of divi P., Tuntock, Cat: ing a large and ex net earnings. With a dividend of 84 annually uon stock selling below 50 iy an excellent man's investment. Dodge Brothers rred stock with a promised divi f has already a substantial i common is an attractive earnings are yo ample it should before long be paying dividends. ‘The Hupp Motor Car Corp. is doing excellently, but the stock is selling high expandin his and Tel, These are all’ dividend and Crucible Steel pfd. payers. K., Utica, N, The Savage Arms ( tion has experienced so far this decline in earnit is 30 profitable in times of peace. corporat ix now pushing the construction and sale of ele: trical refrigerators on Under the circumstances the compan end paying stock is speculativ to sound issues w FERN, nd it might be well to »1 ‘are making returns. The Utah Light & ‘Trac- tion Co, is not, p larly strong, but, seems to be earning its interest charges, and as ils 5 per bonds are guaranteed by its controlling com , Utah Power & Light, they are reasonably But there seems to be no reason for any al advan their market price. ‘The first mortgage real estate bonds issued by the New York United Hotels Co. are a reasonably safe invest- ment, ND, O.: The letter of the Protec- brought about by former gross mismunageme reduced running expenses by $180,000 ay accumulated a considerable cush balance,’ and have prepared the way for a satisfuctory reorgani- zation, ‘The earnings of Vana- ed the point where rate, $2. per dividends year, maki recent mi e resumed. of a little ‘The stocl is now a promtis- G., Euan Well manage Joan” associations have been very hundreds of thousands of people i But there have been many unrelinble cv this kind. in Philadelphia, where building and loan associations have especially. flourished foe half a century or more, not less than seventeen 20 comicbooks.com