Judge — January 8, 1927 — page 29: what you’re looking at

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

pfd., Sinclair Consolidated Oil pfd., Dodge Bros. pfd., and Pennsylvania Railroad shares. .C., New Yorx Crrr: In selling the White Star Line’ the International Mercantile Marine Co. parted with its most profitable asset. The &34,- 000,000 pre of that sale will, it is believed, be applied to redeeming the company’s bonds, and ths will not directly enhance the value of the pre- ferred stock. Arrears on the latter now amount to about 865 per share, and the probabilities are against payment of these in cash, if any settlement of them at all is made. It is rumored that the company proposes to sell other of its lin it does so its future may become problemati R., Wasuivatoy, D. C.: Neither of the Cuba Cane Sugar issues is making a return, and the condition of the sugar industry does not as yet commend them as purchases. H., Frawiscaas, Mass.: Although it was incorporated so recently as March, 1926, the Hathaway Baking Co. has paid two quarterly preferred dividends. ‘This indicates promising condition, but does not necessarily imply a near return on common. Since the common was a specu- lative purchase, you should perhaps give the cot pany more time to show what it can do. Declara- tion of a dividend might bring the common back to your purchase price. ., CLEVELAND, O.: It is hard to understand how that’ Denver company can afford to pay $1,000 at the end of 5 years to 9 depositor of only #6 monthly. You are asked for only 8360 in all, but you are promised $640 more than that after 60 months. It is incredible that you can get $128 a year crement on only 872 deposited. Before going into the scheme, get some Cleveland banker to write to a Denver banker for information about the com- pany Mosrreat, Can. The Rolls Royce Company of America was for years unable to pay dividends, and arrears on perferred stock ran up to 35 per cent. Lately its financial condition made it possible to pay an initial dividend of 81.75 on preferred. ‘This would indicate that earnings are sufficient to make sure the interest on the company’s 7 per cent. bonds. New York Cry: The Texon Oil & Land Co, is in excellent shape so far as earnings are concerned and is a dividend payer. Its stock would be an attractive purchase were it not for the fact that the Attorney General of Texas has brought suit for cancellation of leases of large tracts of oil lands granted by the University of Texas. Until this liti gation is settled, the company’s outlook will be less bright. B.. Buiportox, If the Titanic Gold Pro- ducing Co. has properties as large and valuable as its prospectus intimates, it would not need to sell its shares for 10 or 12 cents each to persons of limited means. Tt could get dollars instead of cents, and could enlist capitalists in the enterprise. ‘The special offer made to you at 5 cents a share virtually con- fesses that the prospects are doubtful and that the scheme is a gamble. You had better leave it alone. B, Massexa, N.Y.: Jordan Motors having sus- pended dividends because of scant earnings, its stock is speculative for the time being. Moon Motor reduced its dividend to 81.50, but the uncer- tainty as to maintaining even this return keeps the stock at a low figure. Engineers Public Service 7 r cent. preferred stock was not selling exceptionally low at 804. There are several very good 7 per cent. preferred stocks quoted even lower. Fiat 7s seem to be reasonably safe, although they not secured by mortgage. The ‘Italian Co. issuing them is the largest automobile manufacturing concern in urope. H., Farsaxctox, Mo.: No dividends have been paid by Standard Oil of Kansas Co. since June, 1924, and it is one of the “weak sisters” in the Standard Oil group. Its stock sells below par use the company’s outlook is not one of increased earnil and resumed dividends. The company controls much valuable property and should some day be able to “pull out.” H., Datros, Wrs: Wright Aero Co. makes a return of only #1 yearly on its shares, rather too little for their market price. ‘The company is getting on tolerably wel ‘Chemical is a profit-making concern and gives stockholders a fair share of its income. Curtiss Aero does nothing for common stockholders, but pays the 7 per cent. preferred dividend. The stock would go higher were the divi- dend fully assured. ‘The aeroplane industry is not as yet firmly established in this country. F., Hawzer, Pa.: American Druggists Syndicate was lately merged with the Schulte Products Dis- tributing Corp., which puts it under control of the Schulte Retail Stores Corp. This was, no doubt, a good move for the Druggists Syndicate, which has paid but one dividend since 1920. It may be, how- ever, that the present price of the shares bas counted the merger. Penn Power & Light common is a reasonably good purchase at $98, but the preferred is more desirable. By saving $20 to $25 a month you could every four or five months buy a $100 first mortgage real estate bond yielding from 6 to 8 per cent. K., Attantic Crry, N. The Homestake Min- ing Co. was incorporated in 1877, and operates near Lead, S. D. It has paid dividends since 1879, with the exception of three or four years, and the stock is now on a 50 cents monthly basis. Earnings in 1925 were only $2.25 per share, and the company had to draw heavily on reserves. A. Bayanp, Nes.: There is no prospect that Bros. A will in the near future recover all its big decline. It looks like a long pull, though the company is said to be doing well. You could switch to a dividend payer. How far the stock will advance in the next few months baffles forecast. P., Saranac Lake, N. Y.: As business men’s in- vestments American Snuff common, American Household Products and American Woolen pfd. would make a very good combination. All are yielding well on market price, and if business re- mains good they should be able to continue their returns. B., St. Avsans, Vr.: So far Omnibus common is in the speculative class, paying no dividend and not specially attractive. ‘the preferred stock is an 8 per cent. issue and a good business man's invest- ment. L., Attantic Crrr, N. J.: If business conditions do not become unfavorable, the following stocks, all paying more than 6 per cent. net on market Price, should eventually increase in value: Ameri- can Woolen pfd., Dodge Bros. pfd., Armour & Co (linois) md, Austin Nichols & Co., pfd., and Continental Baking pfd. R., Tonoxto, Ost.: American La France com- mon is a little stock with a good record which looks like a prudent buy at present market price. The Glidden stock with its 82 dividend giv return on your purchase figure. The di not considered to fully counts for the decline in Averaging might be postponed until the outlook is clearer. Con- solidated Laundries, Inc., was incorporated in the latter part of 1925. It has merged about twenty established laundr rnings are running at the rate of 84a share. ividend therefore seems pretty secure. C., Sacramento, Cat.: The Caterpillar Tractor Co. is said to be the largest producer of tractors exclusively in the world. The estimated earnings for 1926 were about 818 a share. The stock wa lately put on a 86 basis, a 5 to 1 split-up of the stock was proposed, and it was predicted that the divi- dend on the new shares would be #2 yearly or equal to 10 per cent. on the old. ‘The shares are an inviting purchase. » New York Crry: The new Roxy Theater will soon be completed and in operation. The cor- poration’s prospectuses show that great things are expected of the venture. The units of 3 pfd. shares and 1 common at $120 per unit are an at- tractive speculation. N., New York Crry: The Continental Baking Co. paying 8 per cent on class A stock and on pfd. stock. The dividend on class A was lately rumored to be in danger, but the usual quarterly sum was paid. The pfd. shares of this concern are the best to bi he Ward Baking Co. is doing an extensive business, but holders of class A and Class B stock are as yet getting no return on their purchases. The 7 per cent. pfd. is a dividend payer and a satisfactory one. Of the Wilson & Co. stocks only the pfd. pays a dividend, and it would sell higher if the dividend were regarded as more secure. This firm is a prominent meat packing concern which had to be reorganized a year or two ago. Ward pie and Continental pfd. are the best two in your list for a man of your moderate means to invest $1,000 in. N., Burrato, N. Y.: While Associated Gas & Electric is paying nothing on common, it makes regular returns on pfd. and class A stocks. The company has developed into one of the leading public utility organizations, and its issues deserve an excellent rating. T., Dovaas, Antz.: It was a poor year in 1926 for silk companies, but Belding Hemi: accord- ing to its president, earned its 83 dividend, and 1927 bids fair to show considerable improvement in the business. Lehn & Fink Products Co. was incorporated in August, 1925, to manufacture Proprietary articles and medicines. The stock is on 283 basis which is an ample return on current price. United Verde Extension is not earning its $3 divi- dend, but paying it out of its reserve. This cannot p22 indefinitely and it classes the shares as specu- lative. S, Bricnrox, Mass: The Cellulose Products Co. ‘was incorporated last September to acquire the American Powder Mills and other concerns, and to manufacture Cellulose products. It is claimed that its bookings ‘assure dividends on the preferred, but it is rather too young to warrant definite fore- casts of its future. New Yorx, January 1, 1927. Free Booklets for Investors _The Trust Co. of Florida, Miama, Fla., con- tinues to offer 8 per cent. bonds maturing in two to eight years. These bonds are safeguarded by Brat, mortgages on income producing. the income therefrom and monthly advance pay ments on interest and. principal ‘collected. from borrowers by the company as trustee. The com- pany is under State banking supervision. and its nds are buyable on partial payments. The com- pany will on request mail booklets (224) further expla ing the merits of its securities. érsons planning reinvestment of January funds are invited by the Milton Strauss Corporation, Penobscot Building, Detroit, Mich., to send for its circulars describing the corporation's 614 per cent. first mortgage real estate bond offerings. Reservations made now can be delivered any time during January. The corporation deals in se- uri ‘on. properties in rapic wing Detroit. ‘To obtain the circulars referred to. write to the corporation for J-1225. Select Your January Investments NOW! Before planning the reinvestment of your January funds send for descriptive circu- lars of the current 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. ‘COUPON: Please send me descriptive cir- culars of your current offerings. Naeme———___. Address—___ City. I-18 S$$$S$SSSS$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 Distributed Investment Trustee Shares Ideal for the small trader. The collateral behind these certificates places the character of the security beyond question. Folder free on request. PAUL KAYE, 149 Broadway, N. Y. comicbooks.com