Judge — November 13, 1926 — page 28: what you’re looking at

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

Investment Advice The JUDGE Investment Bureau is now answering questions for investors from half a dozen countries. Our friendly advice is given free to thousands. A stamped | and addressed envelope | Subscribers to JupGe 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 envelope should always be inclosed. Address all inquiries to the Financial Editor, JupGe, 627 West 43d St., New York, giving full name | and exact street address. Anonymous communications will in no case be answered. | brings you an answer which | includes our best judgment | on investment problems. | Investment Bureau, Judge, 627 West 43d St., N. ¥. Gentlemen—Kindly advise | me about the following : Why trade in the stock Market only to proft by an advance or by a decline when you can trade to profit either or both ways. I'ree tiookiet J, explains, PAUL KAYE SHORT TERM 8% BONDS Maturities—2 to 8 years; Security—First mortgages on new, in- come-producing buildings; first lien on income; monthly advance pay- | | ments on interest and principal col- lected from the borrower by trustee; Trustee: Trust Company of Florida, | operating under state banking super- vision; Record: No loss to any investor since this business was founded in 1909. Free Booklet: Mailed on request. First Mortgage Bonds at 8% $100 Bonds, $500 Bonds, $1000 Bonds Partial Payments Arranged rite to "Taust CoMPANY or FLORIDA Paid-in Capital and Surplus $500.000 MIAMI, FLORIDA UP AND DOWN PROFITS 149 BROADWAY,N. Y. | The Bull Market’s Wane by Theodore Williams HERE have been numerous in- dications of late that the bull market, if it has not actually come to an end, has spent most of its force, and cannot under present conditions resume its onward cours The market's rather protracted. ir- regularity lately has stamped it as “intermediate,” having no decided trend either in a bullish or a bearish direction. ‘The continued scesawing, however, has been a negative argu- ment for the be: It would not have occurred had there been more strength and initiative on the con- structive side. The bull operators have displayed a lack of confidence and have been on the defens ve. The ball has at times been carried so far into their territory that it seemed as though their opponents were going to win out. Rallies have not been vigorous enough to surely save the game, and in fact there | s been a net weakening tendency in prices. It is evident that without some powerful stimulus, not yet foreseen, the market is fated either to be stale or reactiona From what quarter can such an impetus be ex- pected to come? Quotations already high enough in most too high in many and justified in only a few. The first two classes of issues must shrink back to their proper leve : the third class, in ex- isting circumstances, alone has a chance to hold its own. If members of this group advance farther it must be on proved merit. ‘They will have to show big incr ases in earnings, larger'dividends, growing: surpluses. Only greatly enhanced prosperity will suffice to swell their values. The general list cannot evade the test applied to the better cla Though manipulation and expec tion may occasiona a ly boost them, they cannot long outrun hard eco- nomic facts. The country is pros- pering, but no boom can be forecast. ‘There must be some solid basis for the making of artificial prices by pools. Therefore since industrial and com- progress bids fair to be steady and not hectic or inflated, there is no logical ground for expecting a pronounced upward swing in the securities market in the near future. Purchases on reactions for a quick turn may result’ now and then in profits, but these do not promise, except in spec generous. ul instances, to be Investment buying of well-chosen issues, after smart de- clines, is the better plan to follow. Answers to Inquiries H. Herwass, Mo.: A child’s money should be invested in securities that are legal for trust funds dvise that you consult your home banker on the subject A, New York Crry ents a share in nto stockholders. an upward rush in ctric Boat earned only ness or price of st the company, however chnicolor is at hand. It the motion picture business in all its branches is extremely risky, and one should not hastily invest his dollars in new con cerns in that industry N., Witkes-Banne, Pa: As N. Y., New Haven & Hartford R. R. stock is paying its’ stockholders lo so for perhaps a 1 is not likely to long time to ¢ switch to Loew's, Inc., which yields more th on market price, would be an_ improv Steel Foundries would be more Some time ago T printed an no immediate her common could be ¢ sof the di rude. rubb dividend payer a W.. Carcary a pretty ker common I ation come hack s c rl ‘of one Mar xi¢ d you accepted t w be receiving the land Oil , Oklahom solidated nnot make any substan- tial advance until the corporation shows profits in- stead of deficits. Even as a long pull the shares are not now desirable, Con- comicbooks.com