Judge — May 29, 1926 — page 26: what you’re looking at

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

How We Analyze Our First Mortgage Real Estate Bonds HIS BOOKLET has been prepared to illustrate the require- ments of bonds of The Milton Strauss Corpor- ation’s offerings. It will serve you asa guide in the intelligent selection of your future First Mortgage Bond Investments, It shows how safety can be measured in terms of a generous margin of security and in the ratio of earnings to the plan of amatorization. Mail the coupon today! THE MILTON STRAUSS CORPORATION First Mortgage Real Estate Bonds Penobscot Building Detroit, Mich. Formerly THE STRAUSS CORPORATION * COUPON: Please send me without obligation copy of booklet showing How You Analyze ‘Your First Mortgage Bonds. J-529 Name Agdress— | $$$$S$$SHSS$S$S$S$S 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 HOW TO READ sod Understand the stock, market uctation column of your pemapaper ard por 7 vt o PAUL KAYE 149 Broadway New York Subscribers to Jui are entitled to answers to inqui gencies to answer by telegraph. No charge is made for this ‘nancial questions, and in emer- {ll communications are treated confidentially. A stamped and addressed envelope should always be inclosed. Address all inquiries to the Financial Editor, Jcva 627 West 43d Si ng full name and exact street address, Anonymous communications will in no case be answered. A Statice Condition Theodore Williams PPARENTLY the dynamic force of the bull market has abated, not to be renewed in the de- gree which preceded the late crash in prices. From now on, for perhaps a long period, the best that conserva- tive observers can foresee is a static condition, no tobogganing or air- planing of a decided character. Busi- ness reports continue favorable, so that securities have a firm basis for keeping up. But business is not racing at top speed. On the whole, it is making steady progress, and were nothing to occur to interrupt this, quotations on the exchanges should show resistance to bearish efforts. But things sometimes happen sud- denly and unexpectedly. The gen- eral strike in Great Britian, though a long way off, had a material effect on our securities market. It contained potential danger to the peace and trade of the world. It was realized that if the conflict should be pro- longed it would have far-reaching consequences. The first reaction on American exchanges was a sharp drop in prices, then a moderate rally, followed by extraordinary dullness in the dealings. The general hope was that the trouble would soon end, but traders feared to take chances. Other events abroad somewhat less- ened the sense of relief caused by calling off the strike. It would be better for the country if both big booms and big depressions could be prevented in business and securities. A sober, stable, un- eventful but gradually advancing in- dustrial, commercial and _ financial development, extending over a few years, would do more to build up the country, and to put worth into se- curities, than all the sensational movements, up and down, of the past quarter century. If the se- curities market should pursue an even course for a time, confidence would so increase that higher levels would be reached and maintained by the sterling issues. Investment in these at about current figures would be attractive. The speculators’ oc- cupation seems largely to have gone for the time being. The investor still has inviting chances. Although the flood of new issues is very large, the time tried dividend payers have not been displaced. It is noticeable that many investors, wearied of their losses in unstable securities, are turn- ing to the stable and remunerative first mortgage real estate bonds. Answers to Inquiries J., Ticoxpenoca, N.Y. $1,000 which you wasted on worthle: uched in the savings would have do! turn on limited 1924, There can hardly be S10 < livide end will be maint. the road grows more promising’ as the industries and population al lines incre prudently in » Burrato, writer Company had a prospero having earned after charges and prefer g on common, as a nst $9.45 in 1924. ‘The company cleared up the dividend arrears on the second preferred. ‘The business so far this year has shown a marked advance over the period in 1 Re of dividends on the common shares would seem to depend. « amount plowed into the Rem ‘Typewriter Compa of yor ings of common 1s not likely to grow less, » Attanta, Ga: Mack ‘Trucks business is panding. ‘The earnings this year. bid fair to largely exceed those of last year. 7 is a possibility ther of 86 will some day , sell at the pre ntage to a stock Kaxsas Cry, Mo. pany isin sound ings last yea pected to make a larger return before long. The stock is good to hold. V., San Francisco, Cat: You had better hold ur Anaconda stock than to seil at a sacrifice. r made its best showing in good margin price of improve the s revenue would be larger. 0., Axnox, O.: Sinclair Consolidated Oil 8 per comicbooks.com