Judge — October 3, 1925 — page 20: what you’re looking at

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

Get this MIAMI, FLA ©. TEE terest rae rate safely through our First Mort- gage Bonds on select, in- . ome-pro- lucing proj ami, fastest- growing city in the U.S., where money earns big wages. Interest paid two weeks.in advance, no expense, no worry. Denominations $100 up. Remember—8% compounded will double your money in nine years. Don’t put it off—write today for booklet of valuable information. D Check here if you want details of our Partial Payment Plan—you get 8% from the firat day. ¥. SOUTHERN BOND & MORTGAGE COMPANY Room 508, Ralston Bidg., Miami, Fla. Nemes csisisasearssavacses MEE oa igvecnecnsiacesinseoees opae five reasons for the 8% rate Florida pays on first mortgage security are directly and clearlystated 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 vA ‘TRust CoMPANY or FLORIDA ‘Paid-in Capital and Surplus $500,000 I want to know Florida’s five reasons for 8% andsafety. YOU CAN BUY Good Securities in Small or Large Lots Partial Payments Ask for Booklet L-7 which explains our plan and terms James M. Leopold & Co. Members New York Stock Exchange 7 Wall Street New York Established 1884 Investment Bureau Subscribers to JunGE 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, Juve, 627 West 43d St., New York, giving full name and exact street address. Anonymous communications will in no case be answered. Autumn’s Possibilities by Theodore Williams HE longed-for autumn, which | was to usher in a marked re- vival in industry, trade and finance, is now upon us, and every- body awaits fulfillment of the pre- dictions made concerning it. Usually the summer is a dull season, and the fall a period of quickened movement in all lines of activity. Sometimes the contrast between the two seasons is very pronounced. Will it be so this year? Retrospects of the past warm spell agree that it was much livelier than ordinarily, and some hint that the autumn revival really began in the months without the “R.” If that be so the traditional difference may not appear in 1925. But if the summer is still to be regarded as standing by itself and the old-time contrast occurs, then this autumn should be a record breaker in our economic history. It may well be so. There was no boom during the summer—only natural, regular carrying on, and if the results surpassed those of previ- ous summers that may have been due simply to the country’s con- tinuous growth. A new standard was set in the recent few months, and the coming months may do likewise. Normally, they should be crowded with unprecedented pros- perity. Seemingly industrial dis- turbances alone can mar the fine outlook. Granting that the course of ex- panding and improving business is not obstructed by controversies and catastrophes, the securities market should continue, indefinitely, to be a bull one. There can be no bear market while production, distribu- tion and consumption remain steady and stable. These bid fair to go farther and show substantial in- creases as time passes. Prices on the exchanges will crash now and then, owing to technical factors, and under the best conditions they cannot keep rising forever. But the sound in- vestment issues will recover to their right levels after every recession. It is noted that on all the late declines investors have been buying outright the best issues. The days of wild speculation are passing; the era of opportunity for wise investment is nowhere near its close. Answers to Inquiries M., Rotuanp, Vr.: The Norwalk Tire and Rubber Co., which suspended the common divi- dend in 1920, has lately resumed it at the quarterly rate of 40 cents. The pfd. dividend has been paid without a break from the outset. The company reports sales for the first half of 1925 of almost double those of the corresponding months. of last year. The pfd. stock is a prudent business man’s purchase. H., Briocerort, Cony.: The Amer. Sumatra Tobacco Co.'s affairs have gotten into such shape that the receivers were ordered by the court to ce a second payment of 25 per cent. on the indebtedness of the company, including the 734 per cent. notes. The company has thus gone half way toward the goal of solvency. It remains to be seen whether it can make the full distance. The shares are still highly speculative. W., Syracuse, N. Y.: The recent rise in price of rote & Western me R. stock bes not due to any signal expansion of earnii ut to reports that ‘the N-PY. Central and other compenys desired to get control of the road. It is said that as high as $50 per share was offered to the New Haven Railroad for its holdings of 51 per cent. of O. & W. stock. The New Haven, which paid $45 a share many years Spo, refused the offer. O. & W. has not been a profitable possession for the New Haven, but it is said that the latter expects a bi; reward when the Welland Canal is completed an brings a vast amount of freight to the O. & W. terminus at pisee Y. You will thus see that irchase of O. & W. shares at this time is a specu- tive venture and not an investment. J., Cuinton, Is.: A brokerage house which is connected with a stock exchange i: ally looked upon as safer to deal with than an “outside” firm. ere is good reason for this. A broker who joins an exchange voluntarily subjects his business to the strict supervision of the exchange’s officials, and cannot enter nor stay in unless he conforms to certain requirements and rules that make for square dealing. Of course a house which acts in- de tly may be strong, honorable and re- liable, but an exchange mem! ip is on the face of it a warrant of worth. In buying securities on the partial payment plan it is hetter to select a broker sponsored by an exchange. FP Mozarsrows, N. J.: First mortgage real estate bonds have become amazingly pular. Billions of dollars worth of them are 3 by in- vestors in all parts of the country, and this aggre- gate is rapidly increasing. Houses handling this species of securities are multiplying and of these ¢ great majority appear to be dependable and sound. It is, however, wise to discriminate smong m and their issues, as you aim to do. Bonc selling companies which have been long in busi- ness and have proved trustworthy are to be preferred, but there are newcomers, too, who can be trusted. Your view that the great vogue of the real estate bond is due to its genuine merits is correct. The leading concerns state that no losses on this class of securities have been suffered by their customers. M., Benton Harsor, Mica.: The Fair is a successful department store in Chicago and it pays 7 per cent. on its preferred, and 50 cents on its common stock. The Lasalle Ext. is » prospering educational institution. It pays chvidends of 10 per cent. on par (819) en both classes of stocks. comicbooks.com ea |