Judge — August 22, 1925 — page 26: what you’re looking at

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

Investment Bureau Subscribers to Jupae are entitled to answers to inquiries on financial questions, and in emer- gencies to answer by telegraph. 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, Jupar, 627 ezact street address, A New-fashioned Market by Theodore Williams 1TH a list of securities steadily mounting, and numbering already more than 900, it is growing harder to form a forecast of the stock market as a whole. In an active day not less than 500 issues may be traded in. Many, if not most, of these may be influenced by circum- stances that do not apply to the list generally. Stocks are tending more and more to “class consciousness.” They move up or down by groups instead of en masse, and sometimes there are “wheels within wheels,” which cause conflicting variations in a single group. It is necessary now for the market ob- server to take a more complex view than formerly, when the list to be watched was comparatively small and the units more readily affected eachother. He must try to account for the fact MAIL mis coupon for FREB ROCKIT et 2% teestniests la MIAMLF Bek ie LA wich ‘in terest rate safely through our First Mort- gage Bonds cn select, in- come-pro- ducing erties in ami, rarest’ city where money earns big wages. terest paid two weeks in advance, no ex, no worry. Denominations $1! Renseeabatag. 6 compoenaed vail deal eee your money in nine yea Don't put it off—write today for *Sooklet of valuable information. Check fayment if you want details of our Partial —you get 8% from the fret dey. SOUTHERN BOND & MORTGAGE COMPANY Room 608, Ralston Bidg., Miami, Fla. West 43d St., New York, giving full name and Anonymous communications will in no case be answered. that extreme activity and bullishness may exist in one distinct section of the market, while bearishness and stagnation prevail elsewhere. Each group of issues gets its day of attention, and then is switched aside and another pushes into the limelight. The question to-day is not so much “How's the market going?” but “What part of the mar- ket is going?” Because of this greatly changed situation the prece- dents of past years are becoming less significant. History is not exactly repeating itself, and new factors threaten to overturn deductions from old experience. This state of affairs seriously con- cerns investors and speculators. It makes their task, too, less simple. They cannot place so much reliance on a general trend, upward or down- ward. It is needful for them to study securities specifically in order to dis- cover their actual worth, as based on earnings and outlook. The only safe choices are issues of real merit. The new bent of the market indi- cates that these are becoming more independent of day-to-day technical conditions. Answers to Inquiries M., New Oureans, La.: The par value of Paige Detroit. Motor common stock'is $10. "The shares are ‘at more than twice because of tbe company’s big earnings and {avor- able prospects. The dividend is $1.20 a year, or 1 percent on par. This common stock isa fair business man's iavestment and a rather attractive M. K. T. Railroad Co. reports tion. “Treat henonend) Prosperity since its reorgani- "Marni this fer inc1905 show « mufked iSerense, over the similar bred loeb. The company is at present payi 5 per cent. its preferred stock, but it is believed that the full 7 per cent. will soon be After that it should not be lag before dividends on the common are begun. The common stock therefore to be a promising speculation. The stock ia the safer purchase, up in other cities. ch rt pre trove Daakers shares (which are ceere HY Eg ble duty if you United States city te this matter. First mortgage real oe ends to be the best Loa toprred could make with your $700._ ‘Bonds of this descrip. 7 per cent. and 8 per cent. may be bad from reliable housea, which ‘make’ a ity of the reinvestment plan you favor. Money rein- vested at 8 per ce in about seven years. H., Tovepo, ‘The recent advance in Standard Gas is Bieetric common paying $3 to & price several points above that of the Sock paying #4eas undoubtedly. due to the sigoal iterease intthe company’s argings, hich fore: shadows a higher dividend on the common. The adh gan An increase in naturally strengtbea z i Se Marland Oil firmed up on the report ‘six months of 1923, ex- con in 10h" "The a year pet eq 76 a % ‘company is paying only $3 per share, a0 that the surplus for ‘Uns year promises to warrant an increase in the return, Sy ANNarous, Mo. ‘The new $75,000,000 Conimonwralth ot Avera enteral. an 3- year $ percent ld bunds ‘were a ed Lorin “New York because of the large re- high credit of Australia, ‘This & the iat nee nt’ Auctnie, bas sought te borros money ia America, Heretolore ber external loans ier Yoea, oated in ‘London. “Tie Conds are well regarded, interest rate is Bot s0 High aa that several other f brice as 09/4 and “Ny Livooux, Nes: hase of eighty shares, cach ef preferred and common was a good business Should you now sell your common thares you would pot only make a profit oa jadiun're but "would "alwo reduce the price of ferred to about ity present Guo tion, In the low 80s Dodge preferred, with 7 per cent. dividend, makes a handsome return that the stock after de seasoning ta ct that U iter duc seasoning may h This is the fal the petition . even though their price may yet me Tmeviut. "In, any case the 7 per cent, om the preferred alone is not wo bad a yet on your investment. Govvaannun, N. Y.: The Rickenbacker Motor Company is not 10 well seasoned as to nor so assured as to earnings that ae tiny pete teensy A heh tical official of the company lately made hopeful and be may have been right, but the Peto ‘oil a hittie uncertain. Betore buying additional it, wor t to wait a apie to ove if the “cat jumps" in the right diree- “6, New Yous Crrv: Collateral Ranker's . bonds have behind them the security of tangible H rowing sree iy Creare Heder Os y Clarence table and succcatul Gren which, dstnbuted Poe Beneficial Loan Society's bonds that have paid in- terest and shares of profit for more than ten years. ‘The first series of Collateral Banker's bonds have been should be equally worth while. The 8 (first) Mortgage Real Estate bonds o companies in Miami, Fla. and ad dvnag, are in my opinion safe. W., Hagann. Kr.:| The Consolidated Textile lion's big deficit Jas 1924 cannot soon be up unless cornings show a signal increase which does not appear likely this year. The out- look for the stock is so unpromising that I would not just now advise averaging up on your 200 shares. best way to even up on a weak issue See Te Nore Ne Ye cPaate Serie or We Public Service of North nization and makes returns on its stocks. peeperyas crete » Chicago, North $ and Mibessiee RR. beferred fairly good business man's yrogects Co, and Sterling : s good buys for a business man. The The Boselas Pectin Co. makes favorable reports ot its earnings. A., Rocnesten, N. Y.: to take your ondfand tetera ferred. The preferred st idland Riles Con and "ol American Public Uuiltics appear to be sound issues. comicbooks.com