Judge — February 5, 1927 — page 29: what you’re looking at

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

$2 dividend basis. The market is expressing its doubt as to the maintenance of the present rate of return. Anaconda Copper Co. seems likely to have steady progress for years to come without any sensational boom in its stock. L., Mitwavxee, Wis.: As Cumberland Pipe Line is in the Standard Oil group and has been paying a dividend of $12 yearly since 1918, except in one year when it paid $10, it looks as though you should be contented with 'your purchase. It is high-grade for stock of that type, though it is usually held that pipe line companies’ stock is not so desirable as the issues of producing and refining companies. T., Cutcaco, Iuu.: Stewart Warner and Reo Motors are giving a generous return on present quotations and their yields should satisfy you. You can switch from Hupp Motor, Continental fotors, Sinclair Oil common and Standard Oil of common with much improvement in income. wift & Co., though paying 8 per cent., is selling at a premium which reduces the yield to less than 7 per cent., and Anaconda Copper yields no more than Continental Motors. Better purchases than those vou suggest are Dodge Bros. 7 per cent. pfd. and ir Cons. Oil 8 per cent. pfd. R,, Luxe Freco, Hawan: Allis Chalmers com- mon and preferred, American Locomotive common and pfd., American Tobacco B, American Woolen pfd., Endicott Johnson, Kennecott Copper, Stand- ard Gas & Electric pfd., General Outdoors Adver- tising and Loew's, Inc., form an excellent combina- tion investment for a business man. All these issues are dividend payers and the outlook for their companies is very promising. American Locomo- tive, Endicott Johnson and Standard Gas & E! tric pfd, are the best choices in the list and have most of the investment quality. N., Hantsuorse, Oxxa.: Standard Oil Co. of New’ York, Arkansas Power & Light Co. and American Tel. & Tel. are organizations of differing degrees of merit and each ‘has iagued. stocks and bonds. The issues of American Tel. & Tel., both for safety and revenue, are preferable to those of the other companies. “Oklahoma s interest_on its bonds its pfd. stock. First, mortg: al estate bonds, properly safe : v ly be classed “as good, safe, sound in 4 A., Brxouawtos, N.Y. nt. collateral trust bonds hav redemption, but are convertible into common stock at 835 per share, For a 81,000. bond than 30 shares of stock would be received. dividend on 30 shares of stock would amount to 875 at present rate, as against 860 interest on the bonds. If vou would accept the redemption price of 110 for the bond you would get 81,100, enough to buy 31 shares at present price, and these would yield you $77.50. In either case your income would be increased, but the investment would not be so safe. Dodge Bros. pfd. appears to be one of the best investments for a business man in the market D., New Rocueute, N. Y.: The New Rochelle Water Company has been in business for forty years and has been successful. Conditions are favorable for future profit. Its 7 per cent. cum pfd. stock was only lately issued, but the outlook h as to make it a reasonably’ safe investment Unica, N. Y.: Associated Gas & Co. is strong and expanding and is paying dividends on its three classes of preferred stocks and its Class A stock. ‘The common stock is likely in time to become a dividend payer, but the holder may have to wait some time for that. The pfd. stocks and Class A stock are the better purchases, M., Orees, *: City Gas Company of Norfolk 8 per cent. cumulative pfd. is an excellent investment, and Mississippi Power Co. 7 per cent cumulative’ pfd. is a sound business man’s pur chase, The high quotation for its stock and its liberal dividend indicate that the Seaboard Na- tional Bank of Norfolk is prosperous. Your pur. chase of the foregoing three issues shows good judgment. G., Dorcnesten, Mass.: Uncertainty as to earnings has weakened Great Northern Ore's market position. You are getting a fair return on your purchase price, but better earnings are needed to bring the stock back to its former figure. Among low-priced stocks to which you could switch with out paying out more money are Miami Copper, paying $1.50, and Continental Motors paying 80 cents U., St. Lovrs, Mo.: Butler Bros. stock would be a good purchase at current price were the idend of 82.50 assured. Earnings were slightly less in 196 than they were in 1925, when they equaled 82.98 per share. Officials of the company say that the adverse ‘corner has been turned, and that the outlook for 1927 is excellent. The stock seems to be in a semi-speculative position. F., Wruttamspcre, Ps.: Penn. Central Light & Power Company is'a subsidiary of the National Electric Power Co., which owns all the common stock. Penn. Central lately began paying its 8% dividend on pfd. stock. The latter 1s a fair busi- ness man’s purcl iderable H. & pper 6 per n called for R., Atamosa, Cat. In spite of co improvement in financial position, N. Y. H. ER. still appears unlikely to resume dividends for along time to come. A dividend payer would be preferable to its stock. Mountain Producers is an oil company with a reported excellent outlook and paying $2.40 yearly on its shares. 4 Francisco, Cat.: Miller & Lux 6s and Sperry Flour Co.’s 6s appear to be reasonably safe purchs b M., New Youre Crry: Serv-el Corporation of Delaware common has no investment quality and but little speculative promise. It has not reached the dividend stage and its low price indicates a dim outlook. A medium priced dividend payer would be preferable. New York Crrv: Its $12 dividend makes American Snuff stock cheap at current figures. Snuff, for some reason, is still in great demand and unless there is a great falling off in sales the dividend should continue. Cudahy Packing shares in the present prosperity of that line of busi- ness. Its stock, with a 84 di Price, is a good business man’ -stment. dall is one of the better class of oil stocks, but its #2 dividend is rather low considering the quota- of the shares. Stromberg Carburetor makes a ae return on quoted price, which may bold if the automobile industry continues to thrive. B., Brooxuyx, Purchase of Continental Baking Bis not attractive at this time. The stock is non-dividend paying and is speculative. It will be bettas for you to buy the Class A or the pfd. stock of the company, each bearing a dividend of 8 year! The is the safest of the three ieoes: jeneral Me ing B is even less desirable than Continental Baking B, and for similar reasons. Hudson Motors should make a better dividend showing to warrant its present market price. The oie should be able now to hold its own. Lovrsvitte, K: The Mexican laws con- cerning lands owned by foreigners in Mexico has caused anxiety to oil corporations operating in that country. Efforts have been made to avert what seems like confiscation, and the matter is to be brought before the Mexican courts, with what result ret to be seen. But whatever happen Mexico Oil is not a sound purchase and you would do well to switch to a stock that has merit. D., Barstow, Cat.: The Rickenbacker Motor Company is in receivers’ hands, and although reports regarding the business are favorable, the company’s future is somewhat uncert: The Atlantic Fruit & Sugar Co. succeeds two companies that were reorganized. It is not paying dividends and was run at a loss in 1925. R., Brooxtry, N. Y.: Kinney pfd. stock, pay ing 88, and Kresge Department Stores, fd. also paying 88, are inviting business men’s investments, the companies are making good. Austin ols_ ple ing 87, is less desirable, the less assured. ACKSONVILLE, Fis.: Durant M -s, Inc as its very low price shows, is too speculative and too long a pull to be recommended. There is no dividend in sight C., Parapesrnta, Pa.: Standard Gas & Elec pfd. and Public Service Corporation of New Jersey pid. are stocks of high grade, and a portion of your several thousand dollars could prudently be invested in them. Additional diversity, with safety, can be found in i S. Steel pfd., Bethlehem Steel 'pfd., International Paper 7 Per cent. pfc first mortgage real estate bonds paying from 6 to 8 per cent., and bonds of the Pennsylvania R.R., Bethlehem Steel Corp. and U.S. Steel Cor] 4., Jensey Crrr, : The great drop in caused by decline in cut or passed, and the same thing happened to .Y. Canners Pa: f M. Gatena, Tu Buffalo Lithia Springs Corporation was too recently organized to have had time to make a record. Its stocks are as yet in the speculative class. R., Broortrn, N. ¥.: Louisville Gas & E! tric Class A makes a return of 81.75, which is @ good vield on market price. The compans subsidiary of the strong and prosperous Standard s & Electric Co, Class A stock is a reasonably safe investment. P., Hammonp, Ixp.: With their present divi dend rates, Cuba Co. common and Belding: Heminway common would have higher market Prices were there more assurance of the maintenance of the dividends. The stocks are in the business man’s investment class. New York, January 29, 1997 Free Booklets for Investors The Milton Strauss € orporstiea, Penobscot Building, Detroit, Mich., which operates under State banking supervision, offers 615 per cent first mortgage real estate bonds secured by income. producing Broperty. The value of the security is set by independent appraisers, and each bond offering is in¢pendently trusteed by some well: known bank or trust company. ‘The corporation claims that these securities are ideal investments for investors who demand the maximum of safety consistent with the highest yield. The corporation will send to any address circulars describing current offerings. Ask for J-122. : First Mortgage real estate bonds, paying 8 per cent. and maturing in two to eight years, are offered by the Trust Company of Florida, Miami, Fla. The bonds are secured by income-producing buildings and the revenue from these, and by monthly advance payments of interest and prin 1 by the borrowers. The Trust Com which is subject to state supervision, and bas resources of $500,000, acts as trustee of the bonds. ‘These may be bought on partial payments if that is desired. Booklets (202) con! ing full partic lars will be mailed by the company to any applicant |} ART PRINTS from JUDGE “SATURDAY NIGHT” By Kernan A new Boy and Dog picture, which will, we are sure, be enthusiastically received. 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