Judge — March 6, 1926 — page 21: what you’re looking at

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

them. It does not seem imprudent to purchase outright shares of the meritorious class, using discretion as to kinds and amounts. The wealth- producing enterprises are yearly putting more and more of their reve- nues into the pockets of the common people. Hundreds of millions of dollars worth of stocks and bonds are being bought purely for income and are taken out of the market. This is oneof the strongest stabilizing factors in the securities market of to-day. Answers to Inquiries sstie of comi The preferres s regularly, and cted in the’ near quite an advance d any coming dividend. mon will depend on the {t is never definitely known jer or not dividends will be paid by a company until the directors declare them. Inferences may be drawn from reports of earnings, but inferences are sometimes uncertain. As for the Salamanca Sugar Ci in earnings and the still some- e of the sugar industry make unlikely the payment of a preferred dividend this ear. The Beaver Board Co.’s expenditures have n too heavy to permit a dividend on its preferred stock. Sometime ago a broker in New York asked holders of the shares to entrust them to him for sale at about 835 per share. His circular stated that owing to the capital requirements of the company, preferred dividends were still remote. ‘The J. I. Case Plow Works Co., being in financial difficulties, the stockholders in’ July, 1925, voted to reorganize the concern, under the title of J. I. ‘ase Plow Works, Inc. The plan provided, among other things, that one share of new B com. stock should be exchanged for each share of the old company’s preferred stock. So you will not receive any cash on the preferred shares you have held. Were you not notified of the reorganization? _ PB. Purtapenrnts, Pa.: Sears-Roebuck & Co. is now a prospering concern, whose stock, though it, pays only $6 yearly, is selling at about 8221 per share on the strength of its increasing earnings and the prospects of better returns. ‘The market price of the shares may have largely discounted their speculative possibi You can buy other stocks of just a5 good investment merit and making a better yield on market price. Among these are Union Pacific, Dodge Bros. pfd., Crucible Steel pfd. and Amer. Steel Foundries common. K., Baresvitr, Ixp.: Alumada Lead, paying 81 and quoted at about 814, and Happiness Candy, paying 50 cts. and quoted at about 734, are in the speculative class with no present prospects of a marked advance in prices. aust, Mz.: The outlook for Int. Mer. Marine is not improving very decidedly and there is no prospect of resumption of dividends on the preferred or any payments on its arrears of over 850 per share this year. If you want an immediate income you had better dispose of your shares and buy dividend payer. ., Covinaton, Ky.: The Kentucky Utilities Co. ts paying 6 per cent. on its preferred shares which makes the stock a fair purchase at 95. L., Werssporr, Pa.: If Group No. One Oil Co. could guarantee a dividend of $200 per month the stock would certainly sell higher than nearly 87,000 per share, but the yields of oil fields are uncertain and so in'spite of any favorable prospect there is a speculative element inthe iseue of this concern and the market price is reckoning with it. G., Waventy, Mass.: The Eureka Croesus Mining Co.'s properties are situated at Eureka, Utah. While there seems to be a considerable ore deposit, the company is said to be over capital- ized and operations have not been very profitable. The stock, now selling at 5 cents a share, is only a gamble at present. It is possible that’ you may have to wait a long time before you sell your 5,000 shares at 25 cents a share. W., Jackso, Micu.: Of course you could sell your various holdings for what you could get and invest the proceeds in the better class dividend ying preferred or common stocks or real estate nds. That would be the safer course. But € it that you wish to switch to something has merit and is making a return, but is, selling somewhere near the price of what your certificates would bring and which also has specu- lative possibilities. Continental Motors, paying 80 cents and quoted at about $12, will some day go higher if its prospective prosperity is realized. Norwalk Tire & Rubber, paying $1.60 and selling about $14, has a fair enhancement chance. Some brokers predict that Miami Copper, .paying 81, and quoted at about $13, will reach a higher P., Loxa Beacu, do not. consider California Petroleum common as the best kind of I most likely. Established 1904 EVER’ THAT HAS BECOME DUE ON FIRST MORTGAGE BUILDING BONDS SOLD BY US HAS BEEN PAID TO EVERY INVESTOR First Mortgage Bonds and the Demand for Modern Structures | | With increasing population has come a need for greater | housing facilities ; and with the advance in standards of living has come an even greater demand for buildings equipped with modern conveniences. People have come to demand modern facilities in both | homes and offices, and to obtain them they are con- | stantly moving from old and antiquated buildings into new high-grade, superior structures. This activity creates a continued demand for modern buildings to replace the old ones in recognized busi- ness and residential centers. For many years first mortgage real estate bonds have played a vital part in the development of our cities. Our present day structures have been made possible thru the modern financing methods used by institu- | tions offering first mortgages and first mortgage bonds. American Bond & Mortgage Company has been thru many periods of economic depression as well as of pros- perity, and has always, during such periods, adjusted its safeguards to protect the customers’ interests and to offer bonds only which are fundamentally sound. For over twenty years, every dollar that has become due on the first mortgage building bonds sold by this | Company has been paid to every investor. We offer first mortgage bond issues secured by properties in the better sections of the leading cities of the country, where building needs are most urgent, earnings most certain, margins of safety most secure, and appreciation of value Send for Our Current List J-235 AMERICAN BOND & MorreacE Co. AN OLD RESPONSIBLE HOUSE Capital and Surplus over $7,500,000 127 North Dearborn St., Chicago Detroit Cleveland Philadelphia Boston And over 30 other cities Incorporatea 345 Madison Ave., New York an investment for one’s savings. The stock is more or less speculative and the yield on market price is less than 6 per cent. A safer purchase for you would be a first mortgage real estate bond, Such as are advertised in my department in JupGE- Preferred stock usually has a fixed dividend rate, and common stock has not. Full preferred di dends must be paid before the common can receive anything. Preferred stock therefore is safer and more desirable than common stock. R., Casttr Pott, N. Y.: ‘The Prudence Com- pany is one of the leading real estate bond houses, and its offerings are undoubtedly safe. T., Gerry, N. Y.: Southern Dairies, Inc., has acquired several going concerns and has so pros- pered as to declare recently an initial quarterly dividend of 50 cents a share on its class A stock. ¢ A stock is a fair business man's purchase. But the B stock is less desirable. B., Farsitauast, ARK.: Southwest Power Co.’s 7 per cent. preferred stock looks like a reasonably le R. business man’s investment. . .. Porrstows, Pa.: A bird in the band is worth 55 in the bush. "It is far better for you to buy Dodge Bros. preferred, paying 7 per cent., than to put your money into Gimbles’ common, paying nothing and with an uncertain future. Dodge preferred is an excellent business man's investment. Philadelphi Suburban Gas & Electric 7 per cent. tock shows by its price of several points that it is meritorious and good to hold. alifornia Edison is a'strong public utility organization. Its 6 per cent, preferred stock series B is a good business man's investment. Among reasonably safe 8 per cent. investments are Standard Gas & Electric 8 per cent. preferred, Sinclair Con. Oil 8 per cent. preferred and the 8 per cent. first mortgage real estate bonds advertised in my department in Juve. C., West New York, N. ¥.:_ Labor Banks have been’ successful in several cities. This does not prove that every such institution in any location will succeed. But the facts you give show that the proposed new Labor Bank of Jersey City | has prospects of makin Much of course depends on the ability and integrity of the manage- sof a concern not yet started are \d not an investment. In buyin, kes a chance however br'ght the outlool ay appes M., Bary Mawr, Pa. is on an 80 cents y' any has encout Continental Motors stock ividend basis. The com- prospects that make the fair business man’s purchase. has been paying its . and lately began to 19 comicbooks.com