Judge — December 26, 1925 — page 28: what you’re looking at

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

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Address Investment Bureau Judge 627 West 43d Street, New York Coming Profits Our next Market. Bulletin will show 5 listed New York stocks which are in good phy i] Position, now selling 1 under of 1924. Write today for ee Bulle 1. H. C. SCHAUBLE & CO. New York UP AND DOWN PROFITS ‘Why trade in the Stock Market only to profit by an lvance oF ‘@ decline when can trade to profit wee ele Freeads ae 149 BROADWAY, N. Y. Dt a Investment Bureau gencies to answer by telegraph. exact street address. The Market’s Recovery by Theodore Williams HE recovery of the securities I market from the recent severe reaction was not exactly a smart rebound. It was somewhat hesitant, and there was a disposition on the part of many to simply mark time. The watchful waiting atti- tude adopted by the public, which had lately been reckless in commit- ments, was attended by more or less up and down veering of prices. Much of the artificial element in values had been wiped out and what remained appeared quite natural and solid. Yet the break had been so violent that many feared that it was the prelude to worse, and that the bull market’s good days were ended. Therefore the return toward higher levels was for awhile not very de- cided. But with the convening of Con- gress, and prospects of sane and constructive legislation at the pres- sent session, there was a strength- ening of optimism in the “Street” which had a good effect on values. Certain issues made marked gains and some forecasters predicted “the greatest market yet.” Certainly fundamental conditions, are, if anything, more favorable than ever before. Rarely in the nation’s history has there been so much evidence of business progress and growth of prosperity. The underlying factors of the industrial and commercial situation, on which security values basically depend, were never sounder or more en- couraging. The lengthening list of extra dividend disbursements would of itself sufficiently prove the case. Optimism over the outlook in this country is no “‘bluff’”’; it is founded on the bed rock of facts. Even a huge coal strike has not halted the forward stride of American enter- prise. Surely nothing outside of the market justified the slump that lately occurred. It was all due to Subscribers to JupGE are entitled to answers to inquiries on financial questions, and in emer- 7 No charge is made for this service. are treated confidentially. A two-cent postage stamp should always be inclosed. Address all inquiries to the Financial Editor, Junce, 627 West 43d St., New York, giving full name and Anonymous communications will in no case be answered. All communications internal weakness caused by over. speculation. Would-be investors who scan the securities roster doubtfully should of course not disregard the technical state of the market, but their main concern should be the strength and solidity of the issuing corporations. Having made sure that a company is stable, successful, and a seasoned dividend payer, its issues may, after any sharp recession, be purchased with a good deal of confidence. There is always a limit to the advance of even the best of securities, and issues which have had a big and rapid rise, no matter how good they may be, might wisely be left alone until their quotations subside a little. Needless to say, this is even truer as to stocks not overburdened with merit. The bull market may still last for a long time, but from now on buyers should be more and more cautious. Answers to Inquiries C., Ore, N.C.: The Horni Signal Mig. Corp. was incorporated in 1924, but the business bas been successfully carried on for years. As the corporation appears likely to earn this year several times the dividend requirements (82 per share) of the prior pfd. stock this stock with its bonus of one-half share of common was an attrac- tive purchase at the offering price of 825. R.,. Sprinariecp, Mass.: The Louisiana Oil Refining Corporation has extensive holdings and is doing a big business, but it has not reached e dividen: ing stage. It may get there sometime, but the date is so uncertain’ that the shares are highly speculative. Skelly Oil paying $2 and quoted at less than twice the figure o uisiana Oj] is more desirable. C B., Jansey cae No The Standard Malkng ‘orp. is doing a iness an excellent yield on the stock's market pric shares are in the business man’s investment class. The American Water Works Company is a sound and successful concern, but its dividend is too low for the current quotations of the common stock. Evidently there are expectations of a higher dividend. S., Torrtxcrox, Coxw.: Although Moon Motor stock is at present selling several points below your purchase price it is making you a Uberal return and it is posible that the shares may rise. Magma Copper sold for more than you paid for it and so has Calumet & Hecla and both are paving good dividends. It erieteh bo} well! to} bol Aigh week Monge ied tay ing. ., Hartrorp, Conn.: I have no statement as to the earnings of the Mengel Box Co., but the stock is selling much Jower than your purchase figure and as it appears to be no dividend it is not attractive. Manhattan Railway Mod. Guar. shares lately’ declined from the ‘price you paid, but you are getting a generous return and You might well hold then. ‘Phe De Forest Radio Co. stock is 4 non-divideod Payer and aaa very speculative. me time fore you an get back your purchase money. Hudson and comicbooks.com