Judge — January 23, 1926 — page 25: what you’re looking at

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

Amer. Steel Foundries common. Inter. Merc. Marine pfd. with arrears of dividends much exceed- ing its market price, may be a good very long pull, but as it is much given to ups and downs, it would seem wise to take your handsome a dividend paying issue. merally has had substantial advances, ing the former low-priced issues. Ontario & Western is the cheapest dividend payer among the rails, but it has had and lost a speculative rise. Sea- Airline common, ‘City Southern common, Wabash common and New Hi all non-dividend Path have lar their outlook, but they seem still to have some speculative chances H., Canaan, N. ¥.: ‘The warning that building has been overdone in this country, and that loans on real estate have become inflated, has been raised in conservative quarters. Reputable real estate bond houses, however, deny that any such statement applies to them, ‘No doubt the build- ing industry, as has been the case with the mining and oil industries, has offered chances for un- scrupulous promotions. First mortgage real estate bonds are not to be bought without dis- crimination from any and every person who offers them. ‘The character and the records of the companies dealing in such securities are most im- portant matters to be considered. The better class, responsible houses do not make loans in excess of two-thirds of the appraised value of properties. These dealers are experienced and wary. They know how and when to safeguard their customers. They look out for the future, and buyers of the issues these firms handle are not likely to be caught in the bog of drastic deflation, should this ever come. You can safely continue te. bay’ bonds from the companies you inquire about. C., Bristot, Pa.: Florida’s land boom ap- pears to have been tainted here and, there with fraud. The boom is abating in some localities, is still in full swing in others, and is yet to show itself in new places. Before buying any of the plots offered, by the land company, you and your friends should send a trusty envoy down there to look the situation over and pick out the right things. S., Hautrax, N. S.: The motor group in the market lately quieted down from its speculative activities, but it may in time have another inning. The motor industry may have to stand some trimming, but it is too sturdy a tree to be uprooted or blown'down. It is not decaying. Among the moderate priced motor stocks having possibilities are Packard, Peige Detroit, and ‘Moon, all divi- lend payers. . J, Atuasta, Ga.: The first class railroad stocks have much merit, but speculation in the rails recently went pretty far, and naturally it suffered some check. Earnings, mergers, and other favoring factors have now largely been discounted in market prices, and a little caution in, investing in rails would not be out of place. ‘The issues you own were bought at comparatively low prices and it would be quite safe to hold them, but you have tempting Profits which it might be advisable to ce. B., Crowper, Oxta.: Armour A stock, quoted at 2434 and paying 82, is making an excellent yield on market price. Its high this year was 274 and its low 20. ‘The company reports increasing Profits, so that this stock is a desirable business man’s investment. Amer. Steel Foundries, com- mon is a worth-while stock paying a good dividend, and with a tendency to advance. Evart, Mica.: It is not surprising that Cop- per Range stock has seriously declined from your purchase price, for it has paid no _ividend since May, 1924, and there was a deficit in earnings in 1922, 1923, 1924. The future price of the stock is uncertain. A better way to recoup than buying additional Copper Range shares would be to pur- chase good dividend payers. If you care to switch at the present price of Copper Range you might consider such speculative dividend payers as Continental Motors, Amer. La France, common, Norwalk Tire & Rubber common, Miami Copper, and Tenn. Copper & Chemical. D., Prrrspurat, Pa.: The slump in the price tional Cloak’& Suit Corp. stock was due to a falling off in earnings compared with 1924, and to selling out by the pool which had pasted up quotations. ‘The Corp. officials claim that it is in financial condition and has an excellent out- look. The stock has recovered somewhat from its low. It may possibly some time get back to your purchase price. M., New York Crry: A. T, & T. and Southern Pacifie are among the soundest stocks on the market and can prudently be held. Kennecott, Pan Amer. and Cerro de Pasco are more specu: lative but are a ing, satistactory pets with prospects of maintaining dividends. H., Eux Post, S. Dakota: The Public Service Co. of Okla. is ibsidiary of the Middle West Utilities Co. and appears to be flourishing fairly It is paying dividends on all classes of stock. The common stock is reasonably safe, and the Pld. stock is still safer. H, New Onteans, L, as the stock’s low price indicates, has been an un- successful enterprise. Occasionally there are hopeful hints regarding it, but nothing has oc- curred on which to base an ‘advance in the price of its shares, There is no certainty that Alt., Birm. & At. Railway will be bought by a stronger road Alll sorts of rumors about coming railroad mergers L_ are current and a good many of them lack con- firmation. A., New Yous Crrv: As Colorado Fuel & Iron’Co. common stock is paying no dividend it would be advisable to sell it if you ean do so without serious loss and buy some good dividend payer. Norfolk & Western R. R. stock is a meri- torious issue and can prudently be held as an in- vestment. C., Mowrctam, N. J.: Standard Oil of Cal. has not responded very. decidedly to the pro merger with Pacific Oil, Even if the result should improve S. O. C.'s value materially it might be well to get out of it and buy something which makes a better return. You have a good profit in Standard Oil of Indiana, and you could get a larger yield by investing in Sinclair Cons. Oil pla. Continental ing B is not yet in the dividend paying class and is speculative. A better purchase would be Continental Baking pfd., paying 8 per cent. Midwest Utilities shares are selling too high for their 5 per cent. dividend. Standard Gas & Electric 8 per cent. pfd. is a more desirable purchase at around 65. _L., Atsany, N. Y.:_ The passing of Congoleum- Nairn’s common dividend was foreshadowed by the dubious official statements as to the com- pany’s earnings. It is hardly possible that a material recovery in the stock's price will occur until business so improves as to warrant resumption of the dividend. Instead of evening up you had better buy a sound dividend payer. 'R., Burunatox, Vr.: a woman wholly without experience in stocks, the best advice that can be given you is to avoid playing with fire. That is, don’t risk your funds on cheap, non- dividend paying, purely speculative issues.’ Your safest course would be to buy first mortgage real estate bonds. Note the advertisements in this il », Erte, Pa.: The National Cash Register Co. has been so ptosperous that the 1,100,000 shares of its common A stock recently offered to the public at $50 per share were quickly subscribed for and at once sold at a premium. The company has paid dividends on common for thirty-five years and there is every prospect that it can con- tinue this good Practice New York. Jan. 16, 1926, Free Booklets for Investors The United States Mortgage Bond Co.. Ltd., 350 U. S. Mortgage Bond Building, Detroit, Mich., is ‘the distributor of “United Bonds,” which’ are 614 per cent. issues, in denominations of $100 up, secured by carefully appraised homes, apartments and office buildings in Detroit. That city has diversified industries, and a fast growing population. Buyers of the bonds can have them uaranteed. The company will mail its latest ket to any interested applicant. A 28 page booklet, “8% and Safety,” will be sent to any address by ‘The Filer-Cleveland Co. 2521 Bedford Bldg., Miami, Fla. The booklet gives the facts regarding the 5 Pe, cent. first mortgage real estate bonds offered by the com- pay. which are based on income producing city siness properties independently appraised at twice the amount of the loans. ‘This company gives as its reference “all banks in Miami.” The long established American Bond & Mort- gage Co., 127 N. Dearborn street, Chicago, and 345 Madison avenue, N. Y. City, with offices in many other cities, announces “Its Forty-fifth Invest- ment Offering.” "The company deals in first mort- gage real estate bonds and never failed to meet its payments of interest and principal. ‘The company's new booklet, “Investment Opportuni- ties,” fully describes 6}4 per cent bonds of ap- roved safety, secured by high grade propertics Send to the company for booklet J-226. Since a 7 per cent. yearly return on capital equals one year and nine months interest at 4 per cent. and one re and five months at 5 per cent., G. L, Miller & Co., 30 East Forty-second street, N. Y. City, argue that Miller bonds, paying as high as 7 per cent., with safety, are wise and invit- ing investments. The record of this company shows that investors have bought millions of dol- lars worth of its bonds without loss, Full particulars are given in booklet 21-ML. Apply to the company for it. Hosts of persons who own bonds or propose to buy them have not learned how to judge the merits ‘of such securities. These investors should be in- terested in a timely booklet, “How to Analyze a First Mort Bond” issued by the Strauss Cor- Poration, Penobscot Building, troit, Mich. To obtain this booklet write to the Corp. for J-19. Five reasons why money is worth 8 per cent. in Florida are disclosed in two booklets,2% to 4% Ex- tgaand Why Florida Fist Morten Aavestinents ay 8%,” prepared by the Trust Company of Fluids,’ Mant, Fla. “The company disnbutes 8 per cent. first mortgage real estate bonds secured by valuable properties in growing Florida's cities. A heter to the company will being copies of the booklets. A stock yielding 12 per cent., selling at about half of its former price, is regarded by H. C. Schauble & Co., 63-65 Wall street, N. Y. City, as having it possibilities for 1926. Investors may learn all about it by applying to the company for Bulletin P-37. NO INVESTOR EVER I LOST A DOLLAR IN MILLER BONDS Do you want your in- vestments guaranteed? Prompt payment of principal and interest on any Miller Bond will be unconditionally guaranteed for an annual premium of 4 of 1%. A 7% Miller First Mortgage Real Estate Bond with the guaranty yields 614%. Mail the coupon for detailed information on these safe, liberal-yield bonds. G.L. MILLER & CO, 30 EAST 42nd STREET, NEW YORK CITY Offices and representatives in principal cities. G. L. MILLER & CO. 13-ML 30 East 42nd Street, New York City Please send me a free copy of your current offerings book. Name Street City.... What Makes a Bond Safe PerOBe You buy Bonds do you Analyze the con- templated investment? Do you really know the factors that de- termine the safety of any First Mortgage Real Estate Bond? This booklet, “How To Analyze A First Mortgage Bond” will show you how to accurately determine the relative value of each contemplated invest- ment. Mail the coupon—Today! THE STRAUSS CORPORATION Penobscot Building, DETROIT, MICH. Hellman Bank Building, LOS ANGELES NEW YORK: Strauss Investing Corporation eeececcesscoccse COUPON cocececsccoscooe, THE STRAUSS CORPORATION 9th Floor Penobscot Building DETROIT, MICH. J-1-12 Please send me without obligation yout Booklet “How to Analyze a First Mortgage nd. comicbooks.com