Judge — October 31, 1925 — page 24: what you’re looking at

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

Before You Invest—Get all the facts MONEY is too precious for speculation. You can not afford to take the big risks on the mere probabil- ity of big profits—money costs too much for that. DON'T be satisfied with surface appearances, Look beneath the Investment you put your money into. Learn to analyze and weigh your investments. WE have prepared a little lesson on Bond Buying— “How To Analyze a First Mortgage Real Estate Bond.” It tells in plain terms what to insist on, in your investments. THE STRAUSS CORPORATION th Floor Penebscot Building DETROIT, MICH. Hellman Bank Building LOS ANGELES, CAL. NEW YORK: Strauss Investing Corporation 300 Madison Avenue = COUPON === Strauss Investing Corporation 300 Madison Avenue NEW YORK CITY 3-081 Send me without obligation, “How to Analyze aFiret Mortgage Real Estate Bond.” Name Address ee sae r $$$$S$S$HS$SSSSSS are mighty good friends If the Judge Investment Bureau can give you any help in safely investing them, the pleasure is all ours. Address Investment Bureau Judge 627 West 43d Street, New York Investment Bureau Subscribers to Juve 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, Junae, 627 West 43d St., New York, giving full name and exact street address, Anonymous communications will in no case be answered. Mixed Movements on ’Change by Theodore Williams RONOUNCED trend is still want- Px in the securities market. Both sides in the trading arena have had frequent advances and retreats. Neither bulls nor bears in general have been satisfied with the results, although individuals of each group are reported to have had streaks of good luck, A situation which changes so often and without clear warning, and where most prices fluctuate within narrow ranges, baffles the average trader’s guessing powers, and strands him if he is not quick in buying and selling. Two kinds of knacks are very necessary in dealings on the exchanges. One should know not only what but also when to buy and to sell. Not many men are gifted with this two-sided sureness of judgment. A man of keen intelligence and long experi- ence once remarked that he was an excellent buyer but a very poor seller. He usually got in at the rght moment but not out at the proper time. He rarely made as much money on a profitable trans- action as would a wide-awake good seller. This man has plenty of company among investors and speculators. Buyers overstay and sellers are premature in their commitments. They either lose, or at best, reap slight profits. But their case is not so bad as that of those who know neither what nor when to buy or to sell. These latter comprise the major part of the helpless lambs who part with their wool in the financial rough plays. There is an appalling number who lack knowledge of the market, and yet rush into it on blind impulse, or on tips from unreliable sources. Even a straight tip may be of little avail where sound advice is lacking. The securities market may be said to reflect the existing state of busi- ness, and it may have discounted the unevenness of the latter for the present. But business reports from every side not only confirm the fact that the country is prospering stead- ily, but also foreshadow a consider- able expansion during the remainder of the year. If the indications are realized there can be no doubt that good securities will at least sub- stantially hold their own, if indeed they do not stride to higher levels. The best issues, along with the poorer ones, have done more or less backing and filling, but on any de- cided recession they can prudently be bought. This view is widely accepted and it explains much of the recent activity and advances in the higher priced shares. Leading cor- porations in all lines are operating so profitably that they are adding to their strength, and their outlooks are highly encouraging. Their is- sues are as reasonably safe as they are desirable and it is far from likely that for some time to come they will fall much below the levels of to-day. Answers to Inquiries in Jamaica, I: The, Premier ciated fortgage Bond Corporation's prospectus indicates that the corporation is euipeatiody new, but that its proposed business of financing home buyers of moderate means is legitimate and has an extensive field. ‘The promoters of the corpora- tion appear to be men of business experience in good standing. There is strong likelihood that they will make the enterprise a success. The corporation's stock is a promising business man's purchase. G., Oracte, Arw.: The Tonopah Mining Company is payins vidends at the rate of 4 return on market price. ‘The stock, therefore, is a fairly good cheap mining proposition. As you say, mining stocks are ex- tremely uncertain, and industrials, rails and public utilities would be safer purchases. I have no knowledge of any yery rich strike on the Tonopah Company's Cani property. Rumors of that sort should usually be taken with more than two grains of salt. The prediction that the stock will double or treble in a few months seems greatly exaggerated. Se PILADE! mta, Pa.: The par value of Gold- field Deep Mining shares is the ridiculous figure of Scents. The stock is assessable and several assess- ments have been levied upon it. Although con- siderable development work has n done, Stockholders have received no return, ‘The com: has acquired the properties of various other companies, but whether or not this will result in fit time alone can tell, ‘The shares have too ittle merit to attract_a shrewd investor. | ~ K., Pive Grove, Pa.: | The advance in Pull- man. stock was due to large earnings and the belief that these must some day cause an increase in the dividend, now $8 annually. If you have some of the shares and can take a handsome profit cvese® Sk Eros aun od aaeoous enn raw comicbooks.com