Judge — April 3, 1926 — page 21: what you’re looking at

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

Safe 6:% First Mortgage Bonds For over twenty years every dollar that has become due on the first mortgage build- ing bonds sold by us has been paid to every investor. This successful record so vigilantly main- tained in the past, is your future assurance of safety. For peace of mind and free- dom from worry, invest in the First Mortgage Bonds we now offer yielding 62%. Write for Circular J-240 AMERICAN BOND & MortTGace ©, Established 1904 Incorporated | AN OLD RESPONSIBLE HOUSE Capital & Surplus over $7,500,000 345 Madison Avenue, New York 127 North Dearborn Street, Chicago Detroit, Cleveland, Boston, Philadelphia and over thirty other cities wee, Get the Sacts/ Investors in practically every sec- tion have for years secured 8% with- out a single loss from our $100 to $1,000 First Mortgage Real Estate Bonds secured by income paying, cif) business property, conservatively, inde- pendently appraised at substantially twice the amount of mortgage loar Send for 28-page “8% And Safet booklet, explaining how bonds are 1 derwritten and giving complete infor- mation every investor will find profit- able, References: All Miami Banks. THEFiter-CLeveLanp Co 2504 Bedford Bldg., Miami, Fla. Ue AND DOWN PROFITS 6 Stock Market only to proft by an advance or SSgrlbyrtee ouican rede to prot eler or OO ways? “Pree PAUL KAYE _ 149 Broadway, New York a | ings were threatened, but under the receiver's management the road's financial condition bas begun to improve. Resumption of interest pay- ments, however, still looks remote. The Towa Central Railway's first and refunding mortgage 4s are secured by sections of track and other property, to foreclose on which could have no satisfactory result. These bonds have been quoted lately at about 22, or but little more than 1/5 of their face value. They are highly specula- tive and of course it would be safer to them. ‘The bonds are listed on the New Stock Exchange and they can be sold through broker. Hovespare, Pa: The stocks of the Con. Corter Silver Mining Co. and the Bagdad Smelting & Refining Co. appear to be only cheap mining gambles, which have very little chance of amount: ing to much. Even though it may cost you a loss, it probably would be wise to get rid of such stuff and then buy sound dividend payers. G., Avant, Oxta.: The German Government Bonds which you hold to the face value of 5,000,000 marks are not likely to make you rich, Certain people in various parts of the country have been offering German issues at extremely low prices because they are mere gambles and have no invest- ment value. German officials have been warning Americans not to buy these “dogs and cats. It is to be regretted that you bought the bonds before making careful inquiry as to their merits Lovisviute, Ky.: Latest reports regarding entucky Utilities Co. are decidedly favorable. The company is controlled by the Middle West Itilities Co., has a large constituency and is doing an expanding business. Its new offering of 84,000,- 000 first mortgage lien 5 per cent. gold bonds, series G, due in 1961, is well secured and the company's revenues amply assure the interest. ‘The bonds were launched at a price to yield 5.35 per cent. The company pays the normal Federal income tax up to 2 per cent. The bonds have sound investment quality, but you can get a higher return by buying first mortgage real estate bonds paying from 6 to 8 per cent. and dealt in by responsible companies. H., Dartoxa Beact, Fus.: The tobacco com- panies generally had a prosperous year in 1025 and their prospects for 1926 also are bright. The Tobacco Products Co. increased its frst quarterly dividend on common in 1926 from 81.50 to 81.75, putting the stock on a 87 yearly basis stock, paying the same yearly rate and selling a few points higher, is a safer investment. B., Syraccse, 'N. Y.: The decline in Nash Motor quotation from 8640 to about 862, was not such “an awful slump” as it seemed to be, nor a “pronounced indication of a major bear market.” The corporation recently declared a stock dividend of 900 per cent., and when this went into effect there were ten times as many shares outstanding as before. Naturally, the value of each share of the increased capitalization was only about 1/10 of that of each old share. The coming price of this stock of course will be determined by future earnings. E., Critcaco, Iut.: Standard Gas & Electric com- mon had been’ pushed up too high for its dividend of 83. It soared to about 869 on expectations. The late slump in the market drove this stock down some 17 points. It then sold, for the first time in months, lower than Standard Gas & Electric preferred, which pays $4 and at around 857, is still making a factory The preferred is more suitable and safer for an investor of moderate means. New Yor, March 27, 1926. Free Booklets for Investors The Milton-Strauss Corporation (formerly the Strauss Corporation), Penobscot Building, Detroit, Mich., states that in the mating of its Grst mort: gage Teal estate gold bond offerings, independent Sppraisals of properties securing the’ loans are an important factor, ‘The appraisals have to meet the approval of banks or trust companies acting as independent trustees on the bond issues. Tre Vestors to whom this safety precaution appeals can obtain full information if to the cor- poration for its descripti cular No. J-320. As a proof of the soundness and safely of first mortgage real estate » well secured, G. L. Miller & Co., 30 East Forty-second street, New York City, declares that ‘no investor ever lost a dollar in Miller bonds. These bonds offer invest- ment opportunities prepared by men of long ex- rience in real estate, who select as security figh-class income-arning ‘hotels, office’ bu and apartment structures in desirable localitie Miller bonds pay interest up to'7 per cent. For details regarding these bonds write to the com- y for its circular 214-ML. “Eye Witness Testimony,” a booklet issued the ‘Trust Co, of Florida, Miami, Fla., many , during’ the past seventeen years, they have bought the 8 per cent. first mortgage real estate bonds offered by this company” Among others, testimony is given by a western bank president (whose institution buys the bonds), a Chicago minister, a New York officiai and a West nia” manufacturer. Photographs of the ‘printed inthe booklet he @ percent. tonds handled by the company are in denomina. tions of $100, $500 and $1,000, and may be bought on partial payments. For particulars write to 19 the company for the booklet (206) 60 years without Loss to a Single Adair Investor Inherently Safe Unconditionally Guaranteed Insurable against loss Yield 6” % 85% more than 312% bonds 62% more than 4% bonds 44% more than 412% bonds 30% more than 5% bonds 18% more than 512% bonds % more than6% bonds Can Any Investment Offer More ? DAIR Guaranteed 642% Bonds offer you every standard safe- guard—the ample security of a closed first mortgage, upon ideally located income-earning properties—carefully selected, and backed by a record of over 60 years without loss of a dol- lar to any Adair investor. And—in addition—Adair Bonds are unconditionally guaranteed by the Adair Realty & Trust Company, with capital, surplus and profits of $2,500,- 000. Further—Adair Bonds have been approved for insurance by one of the oldest and strongest surety compa- nies in America. A thousand dollars invested in Adair Guaranteed Bonds will return $65.00 every year—your investment becoming safer as time passes. Can any investment offer more? Will you be satisfied with less? The coupon will bring full information. Mail it. Denominations, $1,000, $500 and $100 Serial Maturities Attractive Tax Refunds ADAIR REALTY & TRUST CO. Bounced ses CAPITAL, SURPLUS AND PROFITS $2,500,000 ATLANTA PHILADELPHIA Offices ond Correspondents in principal cities NEW YORK: ADAIR REALTY & MORTGAGE CO., 270 Madison Avenue (Ownership identical) ~ eee -- - - - 5 ADAIR REALTY & TRUST CO., Healey Building, Dept. G-# Atlanta, Geor Gentlemen: Please send me without obligation your booklet — “Why Your Real Estate Bends Should Be Gosranteed.”* comicbooks.com