Judge — January 22, 1927 — page 31: what you’re looking at

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

4s are sufficiently secured to make them reason- ably safe. The United Fruit Co. is prosperous but its dividend just now makes only about 3 per urn on market price. ., SckaNTON, P4.: The Rio Bravo Oil Company is a subsidiary of the Southern Pacific R. R. Co., hich owns all but 500 shares of its stock. Rio o recently made a new record by Producing 1,000,000 barrels of oil in 90 days from a smal at Spindletop, s shares would doubtless be among the sellers” were they put on the market, but there is no indication that they will be. S. Hanutsnona, Pau: Eleven leadin concerns turing m ecline ter ended September 30. This throws a on the aute industry which may passing si ce. But it at least shows the shares of the dependent companies you tion should be bought with some caution. . Hanwox, N. Y.: Uncertainty has been the ruling feature of the securities market of late. Observers and analysts disagree as to the outlook. ‘There is no sure trend in sight and irregularity may continue for some time. Real estate bonds are The highly speculative issues met r letter very poor purchases at Associated Dry Wasntyetos, D. C.: Both Goods and Schulte St anced a few points from prices. Of the two Schulte app greater speculative possibilitie been paying 8 per cent. in stock, but it is expected that this year idends at the present rate will be paid in cash. Should that occur the shares should sell at a much higher figure. R, Wat N. Y.: Mother Lode Coalition Mines stock has acted as might have been ex- pected in view of the company’s deficit of more than 32,000,000 in 1925, only a portion of which could have been made up in 1926. Nash Motors is one of the strong automobile corporations and its shares make a reasonable yield to stockholders. The Studebaker Company ‘is prosperous and its common stock, paying B., Bainoetos, } Mines, Moon Motors, But Butte '& Superior are, of dividends, more or ki meet your safety. An $5 per shai Telegraph Co. until Copper & spite of their payments peculative and do not nts of, certainty and “able’s dividend of & is guranteed by the Western Union 932, but what. will happen to the Cable Company after that—whether it will survive or not—is a mystery that keeps the quota- tion of the stock down. American & Foreign Power common is not a desirable purchase for It makes no return and its prospects are Still’ uncertain. ‘Continental Motors stock is a pretty fair low-priced. purchase and you might ‘some of soerican La France is perhaps a si Both these issues are dividend better buy As the Van Camp Packing : nds, and is paying no divi- dends, the pfd. stock is at present only a specula- tion. ‘Great Northern Ore is a fair purchase, yield- ing over 8 per cent. on present price. Mexico Oil is a gamble and you had better leave it alone. E., Purapeventa, Pa.: The Rickenbacker Motor Co. not long ago went ver’s hands, ‘The receivership is said to be its purpose being to conserve the company's resources. Business is going on as usual, and it is claimed that the com- pany's prospects are good. What success will re- sult from the efforts of the receivers remains to be seen. P., Crxcrswatt, O.: Union Gas, & Electric Co. is controlled by the strong and flourishing Columbia Gas & Electric Co. Union Gas is maintaining the dividends| on its two classes of pfd. stock, which are well up in the business man’s investment class. R., Warre Have: to be more than earning its 82 divides stock has been pressed down to a low level for that rate of return, The price indicates that the shares are more or less speculative. Armour of Delaware 7 per cent. pfd. looks like an excellent business man’s investment. There are good reports of the company’s business. Hudson Motor Car Co. has had its ups and downs, but on present price is making a satisfactory yield. The future of the stock depends on the prosperity of the motor in- dustry. G., Hicntanp Park, Micu.: In spite of sharp competition Electrical Refrigeration is expanding {as a promising outlook. The stock is paying 82 cash and 5 per cent. in stock yearly. The long pull speculative possibilities of the shares seem to warrant the purchase of some of them outright. F., New York Crrv: A deficit of about $262,000 in net earnings of Hayes Wheel for the nine months ended September 30, 1926, made the dividend on its common stock insecure and was a good reason for the drop in the stock to its recent low. The shares have recovered somewhat, but they cannot be called a good investment. ‘They are too specu- lative for that. T., Saapy Sipe, Mp.: Earnings on Bethlehem Steel common in 1926 were equal to about 87 a share. This should palit the stock for a resump- tion of dividend betore long. | Assurance of this could not fail to strengthen Price of the stock. It seems more advisable to hold your shares than to sell at a considerable loss. B., Cnicaco, Iut.,: Standard Oil of N. J. common is a purchase only for one who can be content with a small return for an indefinite period. Doubtless in the end the holders of common will come out well but the pfd. stock is the better buy at this time. M., Tart, Cat: Pan American Western Pe- troleum B stock is selling rather high for its #2 dividend, but the company's outlook is excellent, and the'shares will pass as a very fair business man’s purchase, W., Lovrsvitte, Ky.: Continental Motors shares have frequently been referred to here as an inviting business man’s purchase. ‘The stock has held its ‘own well during the many fluctuations of the mar- ket, and recently rose a full Replogle Steel is a low priced, non-diy ying speculation, whose prospects are not particularly bright. N.Y. Crrv: The Second International Se- unit appears to be a good business man's speculative purchase. ‘The company is too new to be a seasoned dividend payer, but its plans and prospects are promising. 1, Frrenpvra, Mass.: Poland 8's of 1950 are selling at about 7 points below par, ‘The quotation reflects the speculative quality of this insue, to the still unsettled political and economic con tions in the country. The bonds may turn out to be perfectly safe in the end, but their holders ly to have periods of anxiety. ‘American Co.'s common stock carries a dividend of 10 per cent., being paid in common stock. “The company ig a successful one, and the supposition is that all the common stock will some day be making cash returns. D,, Evart, Micu.: Pan American B, paying has been adversely affected by conditions in Me: co, where the company has extensive holdings. The situation is at present doubtful. Tennessee Copper & Chemical Co. thrives fairly well under present management, and its shares are a good setni-speculative purchase. American Woolen pfd., Dodge Bros. pid. and Sinclair Consolidated Oil pfd. are attractive at current prices, and are nably safe investments for a business man. ,, GenMantows, Pa.: The Stanley Co. of America controls hundreds of motion picture theaters and makes them pay. Its stocks are divi- dend payers and are in the good business man's purchase class. There is a promising outlook for Dodge Bros. 7 per cent. ptd.. ‘The Otis Elevator Co. 1s strong and prospering, but the net present prices of both classes of shares invite purchase, B., Auuany, N. Y.: American Smelting & Refining common and preferred ae yielding less than 6 per cent. each and are influenced by expectations of the future, You could get a better income from various other issues. Nevada Cons. Copper is making a very liberal return on market figure, but it is a speculative issue and there is more risk in buying it than in buying a sound industrial, public utility or railroad stock. R., New York Crrv: Both the class A and the common shares of the Roxy Theaters Corporation depend for their future on the earnings of an enter- prise not yet in operation. They are speculations that have a favorable outlook. Brooxurn, N. Y.: Allied Packers, Inc., has paid’no dividends on its stock and its financial statement does not indicate a strong position for its 8 per cent. collateral bonds. ‘The low price at which these are quoted shows that they are highly speculative. McAtister, Oxxa.: Among good short term investments are the following notes: Anaconda Copper Co, 6s, 1929, B. & 0. R. R. 6s, 1929, Gen. Cigar 63, '1929, ‘Pure Oil Co. 644s, 1933, and Standard Oilof N. ¥. 634s, 1933. W., New York Crrr: The Consolidated Laun- dries Corp., though a comparatively recent merger. is progressing, and its stock, with its $2 dividend, makes a fair return on market price. General Baking B, as its low quotation shows, is too long a pull speculation to be commended” ‘Radio Corp, f America has lately grown into favor because of s large earnings and its possibilities. Some are expecting a dividend on the common stock before many months, but the prospects are not certain. ‘The dividend paying pfd. has at present the ad- vantage of the common. New York, January 15, 1927. yield on joes not Free Booklets for Investors The 8 per cent. first_ mortgage real estate bonds offered by the Trust Company of Florida, Miami, Fla., mature in two to eight portten are secured by first mortgages on income producing buildings, and monthly advance payments collected by the com- pany from borrowers. The bonds may be bought 6n_partial payments, Full particulars are con- tained in booklets (201) which the company will mail to any applicant. Circulars describing 634 per cent. first mortgage real estate bonds suitable for reinvestment pur- poses have been issued by the Milton Strauss Corporation, Penobscot Building, Detroit, Mich. The bonds are based on income producing proper ties in the city of Detroit, which is growing ray Poona the circulars write to the corporation for 1 29 | 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 "Thust ComMPANY or FLORIDA Paid-in Capital and Surplus $500,000 MIAMI, FLORIDA Name. Street. City- State. Free Investment _ Advice | The JupcE Investment Bureau is now answering questions for investors from half a dozen countries. Our friendly advice is given free | to thousands. 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