Judge — January 9, 1926 — page 22: what you’re looking at

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

GIVE YOU The security that comes from first mort- gages on carefully appraised homes, apartments and office buildings — properties that are income producing. Additional safety because they are issued against in Detroit—a city where diversified and growing population assure stability of income return. United States Mortgage Bonds are issued in de- nominations as low as $100. Write for latest book. UNITED STATES MORTGAGE BOND COMPANY LIMITED Howard C. Wade, President 350 U. S. Mortgage Bond Bldg. Detroit, Mich, Capital Resources more $1,000,000 than $10,000,000 In Canada United Bond Co, Ltd., Toronto & W Or you can buy United First Mortgage Bonds guaranteed as to Principle and Interest. Come plete information on request of, Ont Investors in practically every s tion have for years secured 8% out a single loss from our $100 to $1,000 First Mortgage Real Estate Bonds secured by income paying, city business property, conservatively, inde- pendently appraised at substantially twice the amount of mortgage loan Send for 28-page “8% And Safety” booklet, explaining how bonds are un- derwritten and giving complete infor- mation every investor will find profit- able. References: All Miami Banks. Tz FiteR-DLevELANp Co 2521 Bedford Bldg., Miami, Fla. $$$S$$SS$H$SH$ 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 gencies to answer by telegraph. are treated confidentially. Prospects for the New Year by Theodore Williams HE December movements in Tie securities market, though more or less irregular, did not indicate the early demise of the bull market. After the slump in late November the market gradually pulled itself together, and in the main proceeded to get back to, or even above, the previous high figures. It was what might have been ex- pected, considering all the factors making for prosperity in the United States. The prospective passage in Con- gress of a satisfactory tax reduction bill, President Coolidge’s conserva- tive annual message, and Secretary Mellon’s pronounced optimism re- garding the future of business, dis- tinctly contributed to the strength of corporation issues. The favorable outlook for enterprise, which is the lifeblood and upbuilder of the coun- try, had an excellent effect on the mental state of the nation. It lessened the tendency to pessimism and unrest which are always the foes of material progress. On the basis of existing conditions, forecasts for 1926 must of necessity be hopeful and confident. There is much reason for believing that business this year will be better than in 1925, and it is possible that instead of having discounted com- ing improvement in industrial and commercial lines, the best securities are booked for further advances. Certainly, while the forward process in business continues there can hardly be any very drastic backward action in securities. The dividend paying record in these days is won- derfully good and unexampled. It has been a potent price-sustaining influence. While there have been some ses- sions with general declines, an out- standing feature of the market is the alternating activity of the various groups of securities. This has convinced several veteran ob- Investment Bureau Subscribers to Juve are entitled to answers to inquiries on financial questions, and in emer- No charge is made for this service. ‘A stamped and addressed enrelope should always be inclose Address ail inquiries to the Financial Editor, Jupce, 627 West 43d St., New York, giving full name and exact street address. Anonymous communications will in no case be answered. All communications servers hat a new era is on in the stock market. They look for a time when each group shall have its days apart and shall correct its technical position for itself, without affecting the remainder of the list. Such a state of affairs, by cutting off mere sympathetic fluctuations, would tend to stableize exchange transactions asa whole. But this is as yet only an interesting theory. However, the investor or specula- tor need not necessarily be daunted because his favorite group is taking a rest and having a breathing spell. EVERY DOLLAR THAT HAS BECOME DUE ON FIRST MORTGAGE BUILDING BONDS SOLD BY US HAS BEEN PAID TO EVERY INVESTOR || || “Investment Opportunities” con- Send For This Booklet | Let it be your guide for safe and | sound First Mortgage Investments yielding | | 6% | | tains a large and diversified list of || choice First Mortgage Bonds— || affording you a real opportunity to select the highest grade in- vestments. If you are seeking safe invest- ments yielding 612% Call or write for Booklet J-226 AMERICAN BOND & MortGacE (0. Established 1904 Incorporated AN OLD RESPONSIBLE HOUSE Capital & Surplus over $7,500,000 127.N, Dearborn St. 345 Madison Ave. Chicago lew York Detroit Philadelphia Boston and over thirty other cities comicbooks.com