Judge — April 17, 1926 — page 23: what you’re looking at

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

so far this year their business has not much im- proved, ‘The prices of their stocks hi declined. Baldwin Locomot pects are not promising enough to the $7 dividend can be maintained. preferred stock with an equal dividend and held at a somewhat high B., Lanp Wro.: our & Co., of Delaware rporaied in De pber, 1922, as a subsidiary & Co. of Illi ng over ap section of the latter's business. In April our & Co. of Delaware started paying its preferred stock and hi This preferred pring rs pur & Co., of Hlinois, which owns al common stock and which is a prosperous organiza tion, Armour & Co, of Delaware preferred stock therefore highly ‘meritorious busine: investment 5. Hantrop, Coxs.: If the 1 so ay to permit the manufacture wines and beer, no doub panies would profit by th hot yet a pi now that the law Brewing Company since it has paid no dividends since 1920. Sor of the comp nts are devoted to producing. ice cream and other harmless things, but the is not very larg N. ¥.: [know nothing of brewing com: he matter is > of lots the business of selling lots dow going on for several years and seems to have been overdone. It is charged that a good deal of fraud has been perpetrated by promoters of land schemes in that section. It would be unwise to buy any- thing down there at present without first making a personal inspection of the property. 1, Livivestos, Cate: I a clairvoyant and i do not pretend to find stolen articles or to reall forgotten names. Apparently, your shares Sf stock in the powdered coal burning machine company, disappeared ten or eleven year so that you are rather late in trying to locate ‘the concern. [can see nothing for you to do now except to write to the Henry Ford Motor Co. Detroit it is using such a is manufacturing it if the Ford Co, gives the name and address of the machine company, you ean write to it giving the facts in 3 cand ask for a duplicate certifi stock. G, Wiartos, Tex.: The stock market has been very unsettied and few observers are speaking of the future with confidence. However, in case of any further material recessions, the following low-priced dividend paying issues) would be viting purchases: American Steel Foundries, common, Armour & Co. A., Chandler Cleveland pid., Chrysler Corp., pid. Continental Motors, Moon Motor and Paige Detroit Motor, common, D, EL 2 can_justly consider that’ all yy ve invested in old German paper marks has been lost beyond recovery. ‘There is no future for these bits of currency which were practically ed by the German Government. The Gi bonds which have been offered all over t at_very low prices are also the worst kind of gambles. Many of them have been worked off on the American people at prices several thousand times as high as the bonds art selling for in Germany M., Minwacker, Wis: The Middle St Oil Corporation's big trouble was brought upon it not so much by general mismanagement of its affairs, which might have been detected and exposed, as by the sudden mad speculation of its officials in States Oil his w ly outside the company’s r business, could, not ave been foreseen, and it took all’ fi I observers by surprise, It stranded the company for the time being, b use the speculators unloaded their losses This was a wicked proceeding, and it forced the appointment of receivers. ‘The receivers. appe: to have been doing the best they could to sa the corporation. stockhollers’ “protective committee the | stockh stockhold valuable holdings w make profitabl of the most pressing of the corporation is the heavy tax claim inst’ it by the Federal Governm receivers dispute the justice of the claim and are attempting to have it dismissed. When this matter is settled, some kind of a reorganization plan will be in orde D., Evarr, Mien. Electric Co. is 0 ich are noted for good and successful ment. It was incorporated in 1910 and has 3 quired substantial interests in many other organi- zations. It ope as Western States, Indiana, Wisconsin, aia. Authorized api no par common; 70,000,000 cun stock (par $100), $30,000,000; 8 per cen (par $50), and $1,000,000 6 per cent, non-cum, stock (par 81).” Outstanding, over $42,000 shares of com- mon, over $17,000,000 prior pref., over $16,000,000 pfd, and $1,000,000 non-cum. stock. ‘This organiza- tion is expanding and increasing its s from year to year, It is paying $3 yearly on comme and the regular dividends on the other classes stock. ‘The preferred stocks are attractive ss man’s investments. wh Sinclair Consolidated Oil Corp.'s « \d_-prospects re declared to be satis dividends on com- jon seem yet so stock, which for years, looks reasonably: safe inviting at ils present price in the low 908. It is safer to refrain from making commitments in stocks until any wild upheaval in the market subsides. A., Prestoxssun Ky The Elk Horn Coal Corporation has. I holdings but for several years had poor earnings. In 1925, however, it had the best year in its history, and it has be predicted that the preferred dividend, suspended since June, 1923, will be resumed this year. If the good prospects are realized both classes of stuck should sell higher. New York Crry er & Compa concern, but ils F my sources of infor tion, Withor # earnings and divi- dends I cannot judge of the quality of the stock. If you a good return you should have soine faith in the company P., New Yous Crry: Your real estate bonds ric preferred The Pe stock will dete held Ht your 8 on it would be safer to dispose of it and buy a dividend or interest payer. You can prudently put your savings into the 7 per cent. first mortgage real estate bonds you mentign. American Hide & Leather m earning the 7 per cent. divi its preferred stock, on which there is. arrears. Earnings for 1925 equaled $4.59 per share on preferred, as against $4.28 in 1924. Profits must be nearly doubled to meet preferred stock requirements and that is not prob: able in 1926. Should the stock decline it would be to something th income, unless, inde of arre: it and tu satisfactory settlement is a strong organ nings should assure a good dividend on the new stock of which you hold In spite of the decline from your purchase, price your shares eld than soldat. a® loss. First ational Stores suffered a. sharp of late, but it is still selling too high for its dividend of $1.50, if bots as a would be better for ou to switch to Moon Motor paying 83, and selling out the aame price as First National Stores Both stocks are more or less speculative. Hayes Wheel Co. is prospering and earnings are exce ‘The common stock is a good business man’s | chase. T advise you to keep out of cheap minin stocks, and continue to buy sound issues, New, Yous, April 10, 1926, Free Booklets for Investors How to get 8 per cent. safely is set forth four descriptive booklets by the Trust C of Florida, Miami, Fla. ‘The booklets are “Bonds ‘That Pay ‘Themselves Off, the Ince Witness The last named contains letters written from investors in all parts of the ntiy telling of their satisfactory experience in . first mortgage real esta bonds in which this company deals. These bonds are secured by income producing properties in nities in Florid: hey ean be ‘The booklets (207) ny investor. s who have st fered. losses in the stock market are invited by G. L. Miller & Co., 30 East Forty-second street, New York City, to’ consider the fact that “No Investor Ever Lost a Dollar in Miller Bonds,” but made money instead, A ‘nt. Miller bond will, in fifte . ver $2,050; and this proportion Holds with 8500 and 8100 bonds. Full information on Miller bonds and a list of current offerings will be sent by the company to any applicant for 215-M. L ‘The American Bond & Mort 345 Madison av e, x York City, calls att + more thar years of business activity every first mortgage estate bond which it has sold to the public has been faithfully paid, principal and interest, when ever due. Thi surance of the y of its current offerings of 61% per cent bonds based on desirable properties. The com D Is write to the company for J-240. The question “Is 8 per Cent. Safe?” is answered in th fi e by the Filer Cl level nd Company, 2504 Bedford Buildin which de have found perfect sal mortgage real estate pany, ‘The bonds are backed by ne paying city business properties appraised at twice. the amount of th A twenty-eight page booklet will be sent by the company to One of Our Oldest Customers Tet is the most important thing about an investment—to receive payments on time. That meansa safe investment. That means satisfying service, Since this business was founded in 1909 every payment has been made on time—a perfect record for 8° in- vestments. The following safeguards are the basis of these continuous on-time payments. 1, First mortgages on new, income- earning property; 2. Property earnings pledged as added 3. Part of the mortgage paid off each year out of earnings; 4, Payments made to the Trustee monthly in advance. Letters Speak for Themselves Letters from our investors tell in their own words why they prefer these 8% bonds. Many of these, letters have been published in a booklet, “Eye-Witness Testimony.” If you want to learn of an 8% investment in which you can always be sure of on payments, mail the coupon for a free copy Of this booklet. Write to, "Taust CoMPANY or FLORIDA Paid-in Capital and Surplus *§00.000 MIAMA, FLORIDIA Name Address the claim that they have every standard safe- guard—ample security of well’ located income earning properties, ete.—backed by a record of over sixty years without loss to any investor. In these bonds are unconditionally air Realty & Trust Co. with re 500,000, and also have b ap: proved for insurance by one of the strongest rica. Adair bonds per cent., or 865 yearly on d, oF 62 perce ary savings bank interest. ‘Th minatis r 00 . ull inform bonds is xiven in the booklet, “Why. Your Real Estat i js Should Be Guaranteed,” for which write to Adair Realty & Trust’ Co, Healey Building, Dept. G-4, Atlanta, G Conservative investors are informed by th Milton Strauss Corp., Penobscot Building, Detroit, Mich., that the first’ mortgage bonds distributed by the corporation guarded in the usual approved ways, but are Iso independently trusteed by well-known banks trust ¢ panies. The bonds bear 6! per ce interest and are offered at par plus acerued inter in maturities up to ten ye he corpor: any investor its descriptive circular comicbooks.com