Judge — March 20, 1926 — page 22: what you’re looking at

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

Independent Appraisals NDEPENDENT Appraisals are another conservative step consist- ently followed in the mak- ing of every First Mortgage Real Estate Gold Bond of- fering sponsored by The Milton Strauss Corporation. This means that values are established and appraisals are made by authorites who are familiar with established values and are disinterested in their findings. These appraisals must meet the requirements of the Bank or Trust Company who act as Independent Trustee on the bond issue. Mail the Coupon today for descriptive circular. THE MILTON STRAUSS | CORPORATION First Mortgage Real Estate Bonds Penobscot Building Detroit, Mich. | Formerly THE STRAUSS CORPORATION COUPONesssssenene Please send me without obligation cir- cular of current offering No, J-320 Name. Addi City. Coming Profits Our next Market Bulletin will show 5 listed New York stocks which are in good physical position, now selling. 100% under price of 1924 Write today for FREE Bulletin M-48. H. C. SCHAUBLE & CO. 63-65 Wall Street New York UP AND DOWN PROFITS in the Stock Market only, to profit by an advan: en you can trade to profit elther ot Both PAUL. KAYE 149 Broadway, New York $$$$$$$$$SS5 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 =e) Lu be Investment Bureau Subscribers to Jepce are entitled to answers to inquiries on financial questions, and in emer- gencies to answer by telegraph. No charge is made for this service. All communications are treated confidentially. A stamped and addressed enrelope should always be inclosed. Address all inquiries to the Financial Editor, Juve: and exact street address. Concerning Bonds by Theodore Williams ene and activity in bonds were arecent rather marked fea- ture of the securities market. Issues of this class are popular with conservative individual investors and with institutions because of their generally superior safety as compared with preferred and common stocks. This is considered a fair offset to the lower return they make on capital. It is not a bad sign that the public is spending vast amounts of money for this species of securities, however moderate their yield, instead of for dog-cheap mining, oil and other gambles with which the country is yearly flooded. Buyers of sound bonds are not throwing their dollars into the fire. They get back some- thing every year, and their holdings are certain to be redeemed at par on date of maturity. Purchase of them, therefore, is in accord with the dictates of prudence and thrift. Yet all the bonds sold on the ex- changes or over the counter are sub- ject to frequent price fluctuations. This is a consequence of their having an open market, which is often an advantage to the holder, but some- times not. Neither government, municipal, railroad, public utility or industrial bonds are exempt from this condition. The buyer in each cas to commend the issue in spite of low yield and changeable quotations. There is a class of bonds, however, which, while they have a high, if not the highest, degree of safety, are un- disturbed by the antics of speculation. These pay liberal rates of interest, and both interest and principal are paid in full as they fall due. The general testimony of those who have purchased them from responsiblecom- panies is that no loss ever befell them from these bonds, and they never lost any sleep through worrying over what was going on in the “Street.” These highly desirable securities, which are Anonymous communications will in no c 27 West 43d St., New York, giving full name be answered, steadily growing in popularity, are first mortgage real estate bonds, which, when properly safeguarded, form the world’s ideal investment for the great majority of the toiling and saving people. In ors who have not studied the merits of real estate bonds are doing then ‘San in- jury which they should repair with- out delay. No investment scheme is complete and_ well-balanced which ignores securities of this type. Answers to Inquiries K., New York Crrv: You might wisely hold “oundries aght at $25 per share and lately selling at nearly $20 higher, for the &3 dividend makes you a net yield of 12 per cent. on mark Your purchase at 891 per share of B. & common was too high for the current di 85. A switch to Studebaker common, or Dodge Bros. preferred would furnish you more income. Kennecott Ci {the leading corporations in its indust chance of a higher quotation for its stoc nd is making a good yield on market price. The outlook for is not especially bright and te return on your purchase rice. y eli would Produce more re R ith its 85 dividend, yields well on cu price of about 872, but whether figure of $115 will again be continued improvement of earnings and restoration of the 87 dividend. Your list of holdings contains no. first mortgage real estate bonds, ‘These are safer and more profitable than the vast majority of stocks. HT N.C: A better stock than Prairie Oi EC paying 83 yearly, but a Ottis Geiick eutld be ws cuodanl Gar & Electric 8 per cent. preferred. Atlantic Refining, nd payer, might well be exchanged for ir Consolidated “Oil “preferred, paying 8 and selling but a few points highe EF, Detnor, Micn.: Several years ago. the Mother Lode Copper Mines was succeeded by the Mother Lode Coalition Mines Co. Mother Lode Coalition Mines has been paying dividends since 1921, and the present rate 1s 75 cents a year pay- able semi-annually. If you hold the stock of this company and it is properly registered, you should have received the dividend. If your shares. are those of the old company you are entitled to nothing at present. Shares of ‘the new company were exchanged for those of the old company. You should write to the Mother. Lode Coalition Mines 120 Broadway, New. York City, for informa: fies about your stock and the dividend S., Conn First Thought Gold, quoted at 8 cents per share, is nothing but a cheap gamble. I do not advise its purchase. Better put your y into a sound dividend payer than to waste it on doubtful issues. Co, are pros- dends on their common still ap be a good stock to hold and to be sold only in case of a marked speculative vance, of which there is no present prospect. .: American Telephone & Tele- ‘ck has very high merit. Atlantic ind Western’ Union Telegraph stocl also are highly regarded. All. these issues now reached levels where on market price are good, but not specially liberal. Chemical makes a’ satisfac Jd and looks like a good business man’s pu More remunerative se- comicbooks.com