Judge — January 23, 1926 — page 24: what you’re looking at

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

The Outlook Assuring by Theodore Williams oreEcasts for 1926, while gener- Fa: optimistic, are not flam- boyant. In the main they are conservative in tone. They antici- * pate a continued growth in prosper- ity for the next few months, but doubt that there will be a boom. They intimate that 1925 made so splendid a record that 1926 is un- likely to equal, much less surpass it. Do You Want An Increased Income? | It is our business to help investors increase their income. One investor gained $7,208 in principal, increased his income $1,077 and had the use of his money in the meanwhile. Ina sim- ilar way we have helped thousands. There is nothing unusual about thiscase, nothing difficult or mysterious about the plan and there is no risk. How we helped one investor to gain $7,208 principal and add $1,077 to his income, and how we can help you, is explained fully in a booklet, “2% to 4% Extra.” Mail the coupon for free copy. ‘TRust Company or FLORIDA Paid-in Capital and Surplus #$00,000 Coming Profits Our latest stock bulletin will show a stock payin 12 per cent annually and which has wonderful for 1926. In our opinion it is now selling 7 under its intrinsic value. Write today for Free Bulletin P-37 H. C. SCHAUBLE & CO. 63-65 Wall Street New York What Are GUARANTEED STOCKS? This and other valuable information as to trading and investing will be found in free booklet-J. PAUL KAYE, 149 Broadway, New York Subscribers to JuvcE are entitled to answers to inquiries on financial questions, and in emer- gencies to answer by telegraph. No charge is made for this service. are treated confidentially. A stamped and addressed envelope should always be inclosed. Investment Bureau All communications Address all inquiries to the Financial Editor, Juan, 627 West 43d St., New York, giving full name and exact street address. Anonymoiis communications will in no case be answered. This caution on the part of the prophets may be wise, for it excites no undue hopes, and paves no path for disappointment. A great deal may happen during the current twelvemonth to confute the keenest fores ght, but there is at present no definite black cloud in our industrial, commercial and finan- cial skies. Possible labor contro- versies, radical legislation and com- petition from abroad do not appear sufficiently adverse influences to check or retard the nation’s material progress. The ships of industry, commerce and finance seem as staunch as the ship of state, and are under a momentum which should last for the remainder of the year. Pessimistic foretellers of to-day should not forget what happened to their clan in 1925. The major mood and trend favor steady de- velopment in most lines of activity. There is no widespread inflation or wildness of speculation. The New Year may prove humdrum, but probably few, at the end, will have cause to complain. Much in the same way as the country goes forward should be the action of the securities market. The big advances of 1925 may not be duplicated in the already very high issues (though some of these may go still higher). But the market should remain a bull one, which means that values will be well maintained and not seriously broken down at any time. The chief opportunities for advancing prices may be furnished by new listings, and there may now and then be periods of animation rivaling those of the past year. The newcomers on the exchanges should be watched carefully, for in them may lie the chances for the largest profits. Answers to Inquiries L., New Yorx Crry: The 8 per cent. Cumula- tive Participating preferred stock issued by G. L. Miller & Co., the widely known real estate mort- gage bond houte, is a meritorious issue. com! 3 yearly. ‘net earnings amount to several times the dividend requirements of this issue. The company stipulates that the preferred stock shall first be offered to it, by any buyer who wishes to liquidate his purchase. ‘This seems to provide a market for the 8. .B., Burravo, N, Y.: ‘The matter with Standard Oil of Kansas is the lack of earnit It suffered a deficit in 1924, and no particularly good news has been given out this year. I do not favor purchase of the stock. It is better not to buy stocks merely because they belong to a certain group, or on a speculative chance. It would be better to buy st like the Texas Co., Union Oil of California, and Sinclair Consolidated Oil pfd. __B,, No. Provipexce, R. I.:_ The North Amer. ican’Co. is strong and expanding. ‘The dividend this year on common was 10 per cent. in common stock, nearly $7 at present market price. The extra’ stock will be valuable when cash dividends are paid on it. When the stock will again reach its high of $75 cannot of course be foreseen. B., Berxter, Cau.: The Brunswick Balke, Collender Co.'s earnings é ihe fee half of this year were very poor. One of the company's officials explained that it made large cuts. in prices in its musical machines witha view to selling out the stock to make way for the new device, the Panatrope, a combination radio and talking machine, of which great things are expected. The new machine, however, did not get on the market until months after the date fixed, and in the mean- time the company made little ‘profit on its old machines. A big selling campaign for the Pana- trope is promised. It seems better to hold your shares to sell at a loss. Gp Puntaoeueuts, Pa: Northern Pacife RR, stock, as its price shows, is more highly regarded than Studebaker common, althougt the latter makes the better return. ‘Studebaker seems for a time at least to have discounted its future, but it has merit of course. Northern Pacific has had a share of recent railroad prosperity, and there are those who hope that will yet resume its old dividend of $7 per year. M., Pato Atro, Cat: The Metropolitan Edison Co. is a flourishing concern and its 6 per cent. bonds have so much merit that they are selling several points above par. While Tnter- national Tel. & Tel. stock also pays 6 per cent., it is selling several points higher than the Met. Edison bonds, and it is a lower grade security. ‘The present market price of International Tel. & Tel. shares is based on expectation, as the com- pany is Prospering. But it does not seem ad- visable to switch from a sound, reliable bond to a common stock, whose future is not yet settled. Skelly Oil stock, paying about 6 per cent. on market price, is a fair business man’s purchase. B. taGara Faris, N. Y.: Amer. Bosch Magneto has been so poor an earner that it has not paid a dividend since April, 1921. Reports regarding it recently have been somewhat favorable, but the shares are only speculative at present. Pretty good accounts are given of Amer. Stores, and the A stock's dividend of 8@ seems pretty well assured. At 25 or under the stock would seem to be a good business man’s purchase. Anglo Amer. Oil is in the Standard Oil group ‘and has been a consistent dividend payer. ‘yield on the stock’s current market price is only mod- erate, The company’s financial condition is excellent. ‘The North | American Co, is strong and progressive and a liberal dividend payer. Piss [ONESSEN, Pa.: At “ time Coton fotors, paying 80 cents yearly, seems better bot as a speculation and an YGvestment, than Willys- Overland common or Kay Copper, which stocks are making no return. Now that arrears on Willys-Overland pfd. have been cleared up, a dividend on common is looked for by and by, but what its size shall be does not yet appear. Kay Copper has been persistently boomed in certain quarters with no very distinct success. It is only a cheap speculation and the average vestor might well leave it alone. Among low- priced shares that are paying dividends and have some possibilities, are Norwalk Tire & Rubber common, American La France common and Martin Parry. 4} G., Laxzwoon, 0.: The Colonial Finance Corp. has paid no dividends since April, 1924, and there is no indication that it will be able to resume payments in the near future. Its stock therefore, if not worthless, is very unattractive. I know ‘nothing of -the Continental Invesment Co. of Newark. If it will pay you $5.75 actual cash for each Colonial block which cost you $25 it might be well to accept the offer. But if you are only to be allowed a rebate of $5.75 in case you buy Continental stock, the offer had better turned down. L., Linpsay, Ont.: Since Gold Dust shares are making no yield to the holders, it would seem that the present market price has largely discounted their lative presibilities, _S., Corumpta, S. C.: Only two of your list of six stocks are dividend payers. Federal Motor Truck common makes a poor yield on your pur- chase price. Moon Motor, selling for a little less than what you paid for Federal and paying 83 would be a better proposition. For less than Franklin common, a non-dividend payer, is now selling at, you could buy Moon Motor or Paige Detroit common, each paying dividends. Packard Motor has sunk below the price you paid, but its cash and stock dividend keeps it on the attractive list, Bethlehem Steel common, with the dividend still remote, could be profitably exchanged for comicbooks.com