Judge — December 11, 1926 — page 29: what you’re looking at

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

M., Ouana, New.: Mathieson Alkali Works, Inc.,” manufacturing caustic soda, soda ash, bicarbonate of soda, ete., made a fine showing for three-quarters of 1926, its net earnings on common being 87.80, compared with 86.72 in the like period of 1925. Market price of the stock was run up higher than a #4 dividend warranted, but the earnings possible increase of dividend in due time. Hato Bays, I do not advise y. Birmingham & At- under $1 per e, This stock has no real value, for it was practically wiped out when the Atlantic Coast Line acquired the road's defaulted bonds and got fore- closure power. W., Parrat, Cumvanva, Mexico: Company of Delaware pfd. Sells a little lower than your purchase price, but it is an issue of merit and holding it seems prudent. Decline of Engineers Armour & Public Service Company pfd. is more than offset by the value of the common received as a bonus. 1 being « Stone & Webster promotion is in good hands an a promising future, The . S. National Building & Loan Association of Philadelphia made a rather promising start a few years ago and no adve ng it have been received. Hudson 3 85 per share a or stock went up over This fer arrived here nd it would be ‘your nd tl a small profit moved up toward your buying fig are that the dividends will bem The shares are therefore good to hold. Vanadium Steel shows: you a ¥ profit. dividend. makes it ni worth while, with a strong A., New Yo ment of the Corporation i ind besides there is talk of a merger ‘The third quarter state- ‘orth American Utility Securities is certainly credi i the shares should prove gai hed paying for th fc. Oriental Develop- ints below par, but have The concern is a Ja cstate exploitation in irly good, ment 6's stand several p paid interest right alon; anese enterprise for Corea and but not so 7 per cent. American first_ mortgage real est ie. Saxon lic Works 7’s have a good rating, as their quo- on, somewhat above par, reveals, S., New York Crrv: Both Reynolds Tobacco and Texas Gulf Sulphur have possibilities, but which of the two will win in long-run race my pro- hetic powers are unable to determine. Electric Bond & Share is deservedly a growing factor in the corporation activities of the country ings and prospects foreshadow ture. Of course it is impossible and its earn- to pass. in the being ver} ends. SciArrerstows, Pa.: Nothing better is to of Moon ‘Motor Car stock until the compa ble to show enhanced income, and that time Earnings of Gabriel Snubbers in the first nine months of 1926 were 84.41 per share as against $5.23 in the like period ‘This does not indicate that the 86 figure of is to be equaled this year. ‘The stock ying, with extras, at the rate of 85 per ment has thrown outa hint 7 will not be so high, as en the company’s financi Tt does not seem wise at present to sell Moon Motors or Gabriel Snubbers at a seri- Prosperous, and pay A., New York Crrv: I value of t s you | the Muse re h > bought Shoals re much fraud and inflation of prices in the sales of property ion. Before paying any more money es you had better go to the spot, inspect it and have it properly appraised. It would he hard to have to forfeit the 81,800 already paid, but why risk further payments on property of whose worth you pot been assured. S., Newark, N. J.: A first mortgage real estate bond is abo fe a kind of property as one can buy. Of course, you should deal with a respon- house—one with a lon honorable record, whose customers h y money on the securities it has sold. 3. YONKERS, charged that excessive je Sewing Ma- chine Co, is credited “with good earnings, This has been reflected in the recent firm tone of the pfd. stock, which is a sound business man’s investment. L., Wuanxotox, Det: Retirement of its pfd. stock by the Standard Oil Co. of N. J. was a large and notable financing transaction. ‘The company will save nearly $4,000,000 yearly by substituting debenture 5's for the 7 per cent. pfd. There is a large offset to this in the increase of dividend on common from 81 to $1.50, and the need of paying dividends on an increased amount of common. ‘That » further increase in the dividend rate will cccur in the near future is not likely ©., Crverxsatt, O.: Pittsburgh Coal copmon and preferred are paying nothing to shareholders at present. The company seriously felt the de- Pression in the coal i: dustry, but is now catching up.a little. The shares, however, are but specu lative at this time. Inland Steel shares make fair yee on market prices, but the preferred is the tter buy. General Baking is making progress end is a dividend payer. Its stocks are fairly good uy | : Western Pacific comm is not pay dividends and is only a speculative purchase. ¢ preferred is a ‘dividend payer and makes a good yield on market price, Company has paid the 7 per cent, dividend on its pfd. stock since 1917, and its $2 dividend on com- mon since January 2, 1925. It earned 83.74 per share on common in 1925, but only $1.24 per share in the first half of 1926. The falling off in earnings is explained by heavy sales of low priced products which yielded lower profits. JROOKLYN. Y.: Although the Delaware, Lackawanna and Western Railroad is a fine profit maker, piling up a big surplus, there is no present indication of a melon cutting.” The div: on the shares yields less than 5 per cent. price. It would be easy to switch for a higher re- turn. American Tel. & Tel. would be an excellent substitute for Delaware, Lackawanna & Western. Continental Motors still looks like one of the best minor dividend payers. It yields about 7 per cent. on market price. Its stock appears to be a more desirable issue than National Power & Light com mon, also paying 80 cents and lately selling nearly 9 points higher. _ Cx Fort A: . Y.: Overman Cushion Tire Co. is a going concern, making a return of 6 per cent. on common, and 7 per cent. on preferred. ‘The shares appear like good business men’s invest ments, with the pfd. the more desirable. W., Oaxtann, Cau: The Wickwire Spencer Steel’ Corporation was reorganized, and was si ceeded last year by the Wickwire Spencer Steel Ce The old compa tible 7's were cared for y the new company. The latter had defi 24 and 1925, and is not wallowing in profits even ow. ‘This naturally has much weakened the posi tion of the bonds. C., Brooxiyn, N. Y.: Lion Oil Refining earned in 1925 over 86 per shai At that rate it should be able to continue its $2 dividend. Tulip Cup Corp. lends on both common and preferred g to its surplus. t1caGo, Int.: The reply made to you in 21 concerning the Gene based on a printed item which proves to haye been misleading. | ‘The cor- poration, operating in Detroit, is a highly flourish ing one." It has earned large nets for years and ha paid liberal dividends. It would be perfectly pru- dent for you as a business man to invest in the corporation's issues. R., Moytcuam, N. J.: Cities Service and Public Service of N. J. are prospering organiza- tions whose issues are of the better class, and worth buying and holding when favorable figures. Mack Trucks has been subjected to con- siderable pressure during the past month or two, and the market price of the shares has suffered severely. Unless, h wever, there is a big slump in the company’s business the stock, with its 86 dividend, should be an excellent purchase. P., Suarrsnurc, Pa.: The reorganized Spear- head Gold Mining Co., with a capital stock of 83,000,000, par 81, is operating in Nevada. The shares were formerly assessable, but after the 20th assessment were made non-assessable. Develop- ment work for many years failed to locate paying ore, but last year some rich ore was said to have been discovered. No important results have as yet been achieved. The stock has been as low as 2 cents a share, and lately was ted at 5 cents. Were the company’s outlook encouraging the stock would not have sunk to that level, ft would have been better to put your $1,000 into a first-class real estate bond, or some good standard stock which would to-day have been making you a sub- stantial return, New York, December 4, 1926. Simmons Free Booklets for Investors Short term 8 per.cent. first mortgage real estate bonds, maturing in 2 to 8 years, offered by the Trust Company of Florida, Miami, Fla., bave as security new income producing buildings, a first lien on their incomes and monthly advance pa ments on interest and principal by the borrowei ‘The bonds are purchasuble on partial payments, and are in the usual denominations of $100, $500 and $1,000. The company operates under State banking supervision and claims that no. customer ever suffered loss on securities bought of it. Book: lets (222) containing full particulars will be mailed by the Trust Company to any investor. In order to make the requirements of the first. mortgage real estate bonds which it offers the ic, the Milton Strauss, Corporation, Penobscot Detroit, Mich., has issued a booklet en- titled “Before You Invest.” This will serve as a guide to intelligent selection of securities of that class. It shows what the margin of security, the of earnings to loans, and the payments by borrowers should be to insure safety. The cor- poration makes loans on desirable properties the growing city of Detroit. The booklet may be obtained by writing to the corporation for it. Ask for J-1127 Learn How | Your Investments can be insured against loss! OW it is possible for you to select investments that can be insured. Adair Bonds have been approved for insurance against loss of principal and interest by one of the strong- est Surety Companies in the coun- try with resources exceeding $30,000,000. You do not have to take this in- surance, for the privilege is optional. But it is comforting to know that your funds are invested in bonds considered so fundamentally safe. Adair Bonds are issued against a closed first mortgage upon conserva- tively appraised income-producing city property. Every bond is unconditionally guaranteed in writing by Adair Realty & Trust Company with capi- tal, surplus and profits of $2,500,000. These bonds are the development of 61 years’ experience in the first mortgage investment field—an ex- perience that permits the slogan: “For 61 years—prompt payment of principal and interest to investors.” Many investors, including an in- creasing percentage of wealthy men and women, have found that the addition of Adair Bonds to their list of holdings materially increases their income while strengthening their in- vestment position. Yield 6% to 612% We will be glad to send you full in- formation. Ask for Booklet G-12 ADAIR REALTY & TRUST Co. 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