Judge — April 17, 1926 — page 22: what you’re looking at

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

gencies to answer by telegraph. treated confidentially all inquiries to the Finan and exact street address. Watch Your Step by Theodore Williams N such a securities market as we have had since early in March, with prices at times making vio- lent breaks and ‘then partial recov- it is needful to distinguish sharply between issues that have in- trinsie worth and those of a largely erie for Your Funds URRENT Offerings of The Milton Strauss Corporation’s First Mort- gage Real Estate Gold Bonds possess every re- quirement madeby the care- ful, conservative investor. In addition toconforming to the established procedure of this house, each offering is Independently Trusteed by either a well known Bank or Trust Company. THE MILTON STRAUSS CORPORATION First Mortgage Real Estate Bonds Penobscot Building Detroit, Mich. Formerly THE STRAUSS CORPORATION * COUPON Please send me without obligation de- scriptive current circular No. J-417 Name. Add: UP AND DOWN PROFITS Why trade in the Stock Market only to profit by an advance or by a decline when you can trade to profit elther or both ways? Free Booklet Ht. explains PAUL KAYE 149 Broadway, New York No charge is made for this service. AA stam ped and addressed enrelope should always be inclosed. Address ial Editor, JUDGE, Subscribers to JunGe are entitled to answers to inquiries on financial questions, and in emer- All communications are West had St., New York, giving full name Anonymous communications will in no case be answered. No stock can be expected to go on advancing f ever, no matter how sound the speculative character. i dition of the corporation issuing it. Speculation has its limits, and if one buys solely to. profit. by market changes he should be very sure that he is not getting in too near the peak, where recession is a natural event Many speculators seem to imagine that the higher quotations go the more certain they are to go. still higher. They buy blindly and are the victims when top-heavy manipu- lations crumble. The ri tor, on the other hand, may indeed pi too much for his purchases, but h ing bought outright and having ac- quired meritorious income producers. he can afford to wait for a more propitious day. Dividends and in- terest, being based on the profits of business, are, if the latter prospers, independent of the gyrations of the market. Whatever just doubt- ma to the future of the securities market, the buyer of issues which have substance behind them cannot in the long run suffer greatly if they have been obtained at the right time and at a fairly reasonable figure. Drastic declines almost always create opportunities for courageous buyers. Standard stocks are made more in- viting by lowered prices, but this i ‘act. which comparatively few act upon, Money is more frequently and surely made by those who watch for investment chances than by those who speculate regularly. In fact, careful and continuous buying of safe securities of liberal yield, such, for instance, as first mortgage real estate bonds, is far more likely to put one on the road to competence than are the hazards of speculation. inve v- aL Answers to Inquiries New Haven, Cony. et earnings of revenue n lative, and for the com off awhile f pretty specu: are predicted dd better hold though bet his. y ladelp] per cent. first m ‘gating $36,000,000, Power Com: sured. from Philadelphia Electric h owns all Electric Power new ¢ investment turn satisfies you, you ean ntly. put $5,000 into them ai_ pai . Portiaxn, One An official statement declares that the earnings in 1925 of the Seattle Company were y times the preferred nd requirements, newly issued 7 per ive preferred stock should be a je business man's investment, and sirable at the offering price of 89% K., Mascuesren, N.Y plist of five © paid strong “best bet" in tocks is Studebaker common, aking a generous yield and still ha Sinclair Consolidated Oil comm arly good issue to A dividend Pa. rp. is an enterpri sand so as ye whieh bou he ave no real effect on Nat stock. Until the lat itwexpansion pro} dy business it will be book value of its shares. 3 Electric is a prospering concern and its stocks jun ike goed Datae miene Rctieate C., Norwatk, Coss.: Life Savers, Inc., is a comparatively new organization, though its) busi ness is old. It is not yet seasoned, having only recently declared an initial quarterly dividend of 1 Dairy Products corporation com and settles down to difficult to figure out sociated Gus & Weents. At that rate ($1.60 ) the vield on market price is about 8 per cent. ‘The stock iy still speculative ment. A more 1 diviel nd sell Ik ‘Tire & Rubber issue paying the few points lower is Nor » Marraray, Mass C ngs in n 124. ngoleum-Nairn, Ine. were but a little over half the "The co figures out 82. dividends, inking fund re- tlook for this year pt certain that it he shares re not Reynolds present prc k is a poc out for a dividend Lewrsuurc, Tr its new ment the Oti de good progress . net earnings were about $2,000,000 over p money in, Better those of 1924, when there was a deficit. ‘There are arrears on the preferred stock which the compa off. It is proposed to issue new bonds i refund old ones, and to pay off bank - an excellent outlook high the common will be a ge long common is not a dividend b tive. Class A is paying 8 and is ss man's. purchase ni Copper is making a yearly return of $1, which gives a good yield on market price. T of the sick depends largely on th copper metal. R., Cusrvorre, N. C.: Prospect of an advance Middl preferred stock has rnings continue J spect future is uncert your shares for ind invest only in sound stocks havin . Vaxcovven, B.C: The bonds of Norway irk have an excellent rating, and those n and Haiti are regarded as The yields on these issues are sonably. sa strikingly hig to put ailroad, pul bond, or a real estate bond. standard stocks that y attractive purchases aiter the late slump in the market. There will naturally be more or. less recovery in the prices of the sound. securities, Most of the holdings in your list are well cho: ‘The three stocks which you are carrying on margin f good qual seems advisable to hold re safely margined, instead of ‘The nquire about are all H., Dont man bonds project and very few It is not surpr dividends. There the stock, D., Pi facturing companies had a jive manu- rin 1925 and comicbooks.com