Judge — September 5, 1925 — page 22: what you’re looking at

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

How this Miller “Life-line” guides the experienced investor AGLANCE at the chart above reveals this important fact about the House of G. L. Miller & Company. During the last five years of the company’s long existence the sales of Miller Bonds have mounted steadily—on the average of 100 per cent each year. What are the reasons for this successful growth? Each issue of Miller Bonds is secured by a first mortgage on an independently ap- praised office building, hotel or apartment structure. In- terest up to 7 per cent. Nor- mal federal income tax re- funded. Various state taxes refunded or paid. Genu- ineness of each bond certified by a bank. Denominations —$100, $500, $1000. Bonds with an unconditional and independent guarantee of principal and interest, avail- able if desired. Find out more about Miller Bonds paying interest up to 7 per cent. Write for Booklet 109. G.L. MILLER & CO. 30 East 42nd Street, New York City NO INVESTOR EVER LOST A DOLLAR IN MILLER FIRST MORTGAGE BONDS Investme are treated confidentially. A two-cent Marching Forward by Theodore Williams HERE are weak spots and bad spots in the business situation, but the substance of reports and forecasts from every section is that the country’s advance in prosperity proceeds steadily and will continue There is no boom, but affairs are in unusually good shape for this time of the year. Nearly all the essential industries are thriving and bettering their prospects. An important in- ference from this cannot be escaped. If in the season of midsummer calm, industry and commerce find breeze enough to stir their sails and enable them to get ahead, the fresh winds of autumn must surely give the eco- nomic ship a lively headway. The outlook has been somewhat clouded by labor controversies, but if these are pacifically settled the onward pathway should be clear. Under normal conditions the nation’s prog- ress in production and wealth is as certain as the movement of the tides. This great country, which has made wonderful business records at various times in its history, is going in the near future to outdo its best performances in the past. It is this conscious or unconscious conviction which gives a firm undertone to all markets. The high prices of com- modities and securities are not pure manipulations. They have a bed- rock of profitable activity in all the channels of trade. The fact that there are no present signs of a general reaction, but many of distinct general improvement, explains the confidence which prevails almost everywhere in business circles. With the existing sound basis of fact and promise for security values, the bulls and the bears may rush cach other as they please. All their temporary victories or defeats are as ripples on the surface. The main stream of tendency is onward, and nobody can foresee the tuning back of its deeper current. Issues listed on the exchanges that now appear to 20 nt Bureau Subscribers to Juoae are entitled to answers to inquirics on financial questions, and in emer- gences to answer by tdlegraph. No charge is made for this scree. All communications postage stamp should always be inclosed. Address all inquiries to the Financial Editor, Jupce, 627 West 43d St., New York: giving full name and ezact street address. Anonymous communications will in no case be answered. have reached their peak or to be mov- ing uncertainly may in the course of | a few months have greatly strength- | encd their position. Recessions will no doubt create many favorable opportunities for good investments, and moderately gainful speculations. In any event the conservative in- vestor will find safe and profitable purchases in first-class first mortgage real estate bonds that do not change their prices from day to day. Answers to Inquiries . S$. Barrtwonr, Mo.: Wabash RR. pfd. A, with its &5 dividend, makes a liberal yield oo current piise,, Pid. B may remain, noo-dividend-paying lor some time to comp. It is not essential to the control of the road as is the common stock. latter is likely to postpone returns much longer than pid. B, bat it has been frm with a rising tendency because of rumors that it is wanted for merger purposes. What further advance it will make re- mains to be seen. The profit on your 600 shares is now very handsome and tempting, but it is pessible that you may make more by deferring Sale until the fall HL, St. Lovts, Mo.: Recent cuts in prices by certain automobile manufacturing companies for the moment depresed their stocks to some extent. Many traders took the cuts asa sign of weakness and as indicating a fear of a decline in the business pow so wonderfully active. But that was not $25,000 in 10 years earns An investor with $25,000 at 6% converted his money into 8% Flor- ida First Mortgage Bonds. For ten years he reinvested the extra 2%, or $500, and thus his principal grew to $32,208 which at 8% paid him $2,577 annually, a gain of 71.8% over his former 6% income of $1,500. How this was done is shown. in one of the charts and tables in our new booklet, “2% to 4% Ex- tra.”” Mail the coupon for free copy. Write te, ‘Tausy Company or Fuonsma comicbooks.com