Judge — December 12, 1925 — page 24: what you’re looking at

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

Re WED, Factors of Safety STRAUSS First Mort- e Real Estate Gold ds are secured by in- come producing property. Income must be sufficient to pay all operating ex- penses, interest and prin- cipal as it becomes due. Strauss values are based on conservative, inde- pendent appraisals. The Security behind the bonds must always be ap- proximately twice the total amount of the bond issue. Amount of outstanding borida is ertuced each yesr, Strauss Bonds offer the conservative Investor the highest yield consistent with the highest degree of safety. THE STRAUSS CoRPORATION DETROIT, MICH. Hellman Bank Building LOS ANGELES, CAL. NEW YORK Strauss Investing Corporation m= = = COUPONe ow we ne Serauss Investing Corporation 300 Madison Avenue NEW YORK CITY Frage son! me without obligation, rour ‘be Strauss 41212 | S$SHS$SHSSSSSS$S are mighty good friends If the Judge Investment Bureau can give you any help in safely investing them, the pleasure is all Coming Profits Our next Market eepete.s si. shor. 5 Usted Rasa hg te fate Waite tonay Bulletin D-, H.C SE & co. 63-65 Wall Street New York Investment Bureau Subscribers to JupcE 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, Juba, 627 West 43a St., New York, giving full name and exact street address, Anonymous communications will in no case be answered. A Stock Market Stampede by Theodore Williams curious exhibition of mob psychology was witnessed in the financial market not long ago. Over-speculation had put the prices of many stocks too high, more than discounting any improve- ment in business for months to come. The chances of further speculative profit had for the time being waned, and security holders felt they should take their accrued profits. Not a few brokers and “services” with large followings. advised this, and there was a concerted rush to sell from all quarters. The professional bears seized on the occasion to add pressure to the list, and there was a toppling of prices which was almost startling. The wild dumping of stocks was largely a case of nerves without good stated reasons. The pretext was a rise in the Reserve Bank of Boston’s discount rate from 314 per cent. to 4 per cent. The dread pre- diction was made that this step would be imitated at the other Reserve centers and that there would be a tightening of money which would restrict borrowing for specu- lative purposes. The advance in the rate could in itself have but a relatively slight effect on transac- tions at the exchanges. The market has frequently shot upward in the face of far more severe money strin- gency than is now in prospect. But the crowd stampeded like a lot of frightened cattle. It succeeded in fully discounting -the Reserve rates of the future but it paid a price in doing so. Conditions in industrial and com- mercial lines did not warrant so senseless a proceeding. The business impetus is gathering force all over the land. In the leading industries, such as steel, railroads and automo- biles, activities are expanding and profits mounting. Numerous cor- porations have been initiating, re- suming or enlarging cash dividends; stock dividends and split-ups are much in vogue; and it did not seem that there could be serious depres- sion of values. But even the more meritorious shares, as well as the poorer ones, were thrown over in a “stop-order panic.” The whirlpool, however, did not become a mael- strom. It subsided after some mis- chief had been done and the sobered “Street” started to build up the averages once more. Business developments and pros- perity are going ahead and it is on them that the course of the securi- ties market depends. Shrewd in- vestors during the recent recessions have been acquiring choice issues and odd-lotters have been buying for keeps. Those who have wearied of the uncertainties of the stock market are turning to first-class first mortgage real estate bonds whose safety is undoubted, and whose yield is generous and certain. Answers to Inquiries K,, N.Y. Crrv: Of the six stocks in your list, Continestal Motors, mbich is dividend. payer iter sy tie bet Fe diviieadar © gerd tem, paying divi & good Happiness Candy “makes a moderate Seld‘and is"Sllng Mek esoogh tor its dividend. jexican Seaboard Oil, Ray Copper, and Vivaudou are making bo retura and do bot appear at present speculatively attractive. None ofthe foregoing miso just ow. Wedumer Cir, Ned: There pose coms ry Mp.: It is surprising that should ‘have $000 toss on twenty fone sare ot Ohio Oil stock bought in 1919. In that stock paid $22, the comicbooks.com