Judge — December 25, 1926 — page 29: what you’re looking at

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

payers and may prudently be held, Common- wealth Power common makes a moderate return ‘on market price, and the preferred a better one. The pfd. bas an investment quality. ‘The com- mon no doubt has a future, but a switch to a good standard issue would yield you more income. A., Kansas Crry, Mo.: Atlantic Gulf & West Indies has paid no dividends since February, 1921. There is no investment quality in shares with that = record. Standard Oil of New Jersey common p: ing, with extra, only 81.1214 is hardly a “good bu; at present Many sound issues can be bought which make a larger yield. M., Muskoaee, OxtA.: It is impo: ent to foresee the future of Rumanian curren There is considerable unrest in the kingdom, finances are not well settled. ‘The King has been seriously ill and his death might be followed by commotion. Queen Marie's visit here had, it was alleged, as one object, the obtaining of a loan from American bankers. Should there be no dynastic trouble, and should Rumania get th needed money, leu might advance in value. One can only guess at the future. The purchase of 81 for several dollars less per share, and Cont nental Motors, paying 80 cents, for nearly the same Price as La France. Crsctxsatt, 0.: Penn Seaboard Steel has been for years just a gamble and has been selling for 54 of a dollar with no prospects of doing much better, though it made a small profit in 9 months compared with a loss in the like period of last year. if y to buy cheap, non- dividend i : Gimbel Brothers comn pays no dividend, and is selling up out of line on expectations. The pfd. shares, paying 87, are a good business man’s investment. U. S. Steel com- mon is, of course, a first-class issue, and its price holds high because of hopes of increased dividend or a melon cutting. At current quotation its 7 per cent. dividend makes a fair yield. D., York Crry: Your holdings of domestic bonds appear to be sound. Halian Government 7's may recover the slight decline if economic condi- tions in Italy go on improving. American & For- cign Power 7 per cent. preferred is giving you good interest.on the money you invested. ‘The decline of 9 points or so in the stock was due to disap- pointing revenues from the company’s properties in Cubs. Better earnings are expected with the improvement in the sugar industry of the island Even as matters are, the pfd, dividend is bein y a small margin and, it is asserted, will be dividend since 1920, Why should anyone want its stock’ imi Copper shares are a good busi- mining purchase. Happiness Candy factory yield on market price, but is rather speculative United Profit Sharing ying 60 cents regular with stock extras, looks like a fair business man’s purchase. G., Wrsnireo, Canada: International Combus- tion Engineering lately reported a large increase in business and earnings, and this may some day be reflected in a higher dividend rate. At present the stock sells too high for its $2 return. P., Saranac La Y.: Southern Dairies, Ini reports for the 9 months ended September 30, ni earnings of about 86 per share on Class A stock The dividend is $4, and it looks well asssure American Can is said to be doing about as well as in 1925, but it is doubtful if any increase in the #2 dividend on common will be made soon. The stock sells far above the price justified by the dividend. The Erie Steam Shovel Co. lately paid s initial quarterly dividends on common and pfd. ‘That on common was 6214 cents, or at the annual rate of $2.50. This is low for industrial shares selling at over 850. S., Portsuovrts, N. H.: Two competent banking concerns with foreign connections agree that the Reichsbank Notes you ing about are valueless. They were part of Germany's paper currency that went to “eternal smash.” The Reichsbank is con- trolled by the Government, and its issues are government token: G., New York City: The bond and mortgage you mention makes loans on second mortgages and claims to_be a successful concern. But you must see that first mortgages would be safer, and the company’s stock cannot be as safe as first mortgage real estate bonds would be. There are listed stocks that make a stronger appeal. Among these are Standard Gas & Electric 8 per cent. preferred, Dodge Bros. 7 per cent. pfd., Armour of Delaware 7 per cent. pfd., and Inter- national Paper 7 per cent. pfd racuse, N. Y.: First. mortgage real estate bonds offered by the F. H. safe. The Adair Realt per cent. guaranteed-in safe as such bonds can b E., Scuznrcrapy, N. Y fact that some of the share: declined since you bought th American Tel & Tel., North American, Dodge Bros. pfd., Endicott Johnson, American Tobacco B, Studebaker, Adirondack Light & Power pfd., and Pacific Gas & Electric, all making returns, are good enough to hold. You have profits on some of these and the others may possibly, in the changes of the market, get back to cost. Seaboard Air Line common Is a dividendless speculation which seems likely at some time to pay dividends. mith Co, are reasonably & Trust Company rable bonds are about made. Notwithstanding the in your list, have B., Mowtrzat, Can.: Your list of four stocks is of the speculative variety. Butte & Superior, paying $2, bas declined a few points from your specified price. Ahumada Lead, paying 81 includ- ing extras, would rise if the return were assured. The Sweets and Wilson common issues give nothing to stockholders and the stocks are not inviting. W., Orzex, N. C.: The Briggs Mfg. Co. stock pays 88." During the nine months ended Septem- ber 30, 1926, the company earned 85.23 per share, slightly less than in hh part of 1925. The divi- dend appears to be the immediate e fo uture, at least. As a manufacturer of acc s the company’s prosperity depends on that of the antomobile industry. The Lambert Co.'s income has shown a considerable increase this year a higher dividend rate has been declared. The stock sells allittle high for the present return of 85. 4 N., Hevesa, Most.: The Beatrice Creamery Co. haz a good record and is paying & yearly on commun, Cuba Company's common ‘makes a fine yield on market price, and would sell for more money were the dividend deemed assured. The American Arch Co. manufactures practically all the arch work in locomotive fire boxes in the United States and Canada, Its dividends are liberal and its shares attract M., ALEXaNpRIA Bar, N. Kay Copper has been persistently boosted for a long time By cer- tain brokers, but recently it sold below 81.50 per share. A mining stock selling at that low figure is in the mere gamble class. P., Hanntsoxnenc, Va.: The stocks of the Chase National Bank and the New York Title & Mortgage Co. are of the highest merit, but. they are selling at levels which, in spite of their liberal dividends, render the yields very moderate. Antic- ipation of future profits and’ increased’ returns, and possible melon cutting, account for this. If you are prepared to wait for some time for bigger disbursement it will be well enough to buy either or both these issues, The Title & Mortgage C pays the larger dividend, but the market pri fits stock nearly equalizes the returns. American Tel. & Tel. stock is one of the best and safest of listed securities and it sterds a chance o apprecia tion in the course of yeat, Its present net yield satisfies hosts of investors. It would _n ss to invest your entire $2,400 in it diversity is a good thing in investment, and y might also consider Union Pacific common and ndard Gas & Electric 8 per cent. preferre W,, Pumapetrats, Pa.: Philadelphia Rapid Transit common and preferred are reasonably safe and attractive propositions, The Pennsyly Light & Power Co. is paying 7 per cent. on preferre but nothing as yet on common, ‘The preferred looks worth while. Other preferred stocks of proved soundness include Standard Gas & Electric pid. U.S. Steel _pfd., International Paper pfd. and Beth. Steel pfd. Part of your $15,000 might be put into Union Pacific common and American Tel. & Tel., and into first mortgage real estate bonds. J, Bristot, Pa.: Dodge Bros. 6s are not secured by mortgage, but as the company is able to pay 7 per cent. on its pfd. stock the interest on these bonds seems to be well assured. ‘They are a good urchase for a business man. It will require a big increase in American Bosch Magneto's net to warrant advance of the shares to your purchase price of $30, In the nine months ended September 30 the company earned $1.18 per share. The fourth quarter is expected to be the best of the year. The company has gone into the radio busi- ness and from this its managers hope for, sub- stantial profits. The outlook, however, is so uncertain that it may be well for you to switch to a dividend payer. w York, December 18, 1926, Free Booklets for Investors The Trust Company of Florida, Miami, FI n institution with a paid in capital and surplus o} and operating under State banking jon, offers short term 8 per cent. bonds n two to cight years. The bonds are yy. income-producing properties, and by monthly advance nts on interest and pri cipal by the borrowers. The company clai a record of no loss to any customer since its ness was founded in 1909. The bonds may be had on partial payment. Fu ) will be mailed by the Trust Company to pplicant. Special attention is called by the Adair Realty & Trust Company to the fact that Adair bonds are investments which can be insured against loss of rincipal and interest. They have been approved Fer insurance by one of the strongest surety. com- panies in the country with resources exceeding 830,000,000. This privilege is optional on the part of buyers who desire the strengthening of Safeguards deemed already sufficient. These bonds are secured by conservatively appraised income-producing uncon- property and a y the Adair Realty & f ditionally guarantees Trust Co. with capital, surplus and profits They are the development of sixty rears of experience in the first mortgage investment field, during which time prompt, pay- menta have always been made when due.” Many wealthy people are adding Adair bonds to their lists of holdings. Full information regarding these securities is contained in booklet G-12 which may be obtained from the Adair Realty & Trust Co., Healey Building, Atlanta, Ga. Your January Investments NOW! Before planning the reinvestment of your pry funds send descriptive circu- lars of current e Milton Strauss Cor- poration First Mort- gage 612% Gold Bond offerings. Reservations made now can be delivered any time during the month of January. THE MILTON STRAUSS CORPORATION First Mortgage Real Estate Bonds Penobscot Building Detroit, Mich. 21S OU PONeerasaes Please send me descriptive cir- culars of your current offerings. $$$$$$$$$$$$ 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 Distributed Investment Trustee Shares the small trader. The collateral bebind ificates places the character of the y beyond question PAUL KAYE, + + = Folder free on request. 149 BROADWAY, N, Y, comicbooks.com