Judge — March 19, 1927 — page 31: what you’re looking at

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

Investment Bureau (a Subscribers to Juve are entitled to answers to inquiries on financial questions, and in emergencies to answer by telegraph. No charge is made for this service. All communications are treated confidentially. A stamped and addressed envelope should always be inclosed. Address all inquiries to the Financial Editor, Juvcr, 627 West 43d St., New York, giving full name and exact street address. Anonymous communications will in no case be answered. Prospects Brightening By Theodore Williams EceNt developments in the securities market revealed at times a considerable umount of constructive force. Bearishness now and then wrought its will, but underlying strength more than once reasserted itself in convincing fashion. Tran tions broadened to an extent in- dicating that the public wa terested once more, and the prices of some issues soared above old peaks. Occasionally it looked like a real bull market, confounding the professionals who were on the short side. Whereas earlier in the year talk of an inevitable re- action was frequent, later senti- ment pointed toward a “Spring Rise.” This was not regarded as necessarily a boom, but it was felt that much of the doubt and weak- ness formerly evident had passed away, and that a period of normal and healthy trading had been ushered in. Business conditions generally fostered this mental at- titude. c- in- Answers to Inquiries G., Evansvitz, Inv.: Your speculation acheme is purely a gamble. Only one of the stocks you mention pays dividends, and there is no special reason to expect ‘an advance. The fluctuations of the three issues are mainly due to manipulation. It is ible that your plan might succeed, but that is wholly uncertain and T would not advise you to try it. It would be wiser to invest your $3,000 in some standard interest or divi- lend payer. Minwmapouis, Mrvw.: Standard Oil of Cali- fornia is a big and profit-making organization, but its lend does not warrant the present price of its shares, You could get a much higher yield from Sin- clair Consolidated Oil 8 per cent. pfd.. which is in a evfer class. Chicago, Milwaukee & St. Paul stocks are the problematic and speculative stage. It is impos- sible to foresee how successful the system will be under new management. Better defer purchase of the stock for a time at least. M.. Borrato, N. Y.: Magma Copper's return to stockholders makes a fine yield on market price. ‘The company is one of the better mining organizations, but subject to the uncertainties of the mining industry. Kay Copper has been long boosted by its promoters, but is still only a dividendless gamble, and its price lately slumped. ‘Trans-Lux Daylight Pictures Screen Corp. reporta that the “movie ticker” division of its business is proving a pronounced success, but earnings have not reached proportions warranting dividends. The stock is still only a speculation. W., Bortunaron, N. C.: Chili Copper 5s, 1947, area. pretty fair investment at 9624. Chili is one of the most substantial of the copper producing enterprises. K., Grantavinte, Mo.: Du Pont common is selling at present too high for its 8% dividend. ‘The corpora- tion is very strong and sucoessful and it may eventually increase its rate of return. But for immediate income you can do better by buying American Tel. & Tel., or Union Pacific common. Marland is one of the best of the oil issues and ita stock is a reasonably safe business man’s purchase. Southern Railway common, paying 7 per cent., is another stock which is preferable just now to Du Pont common R., Sramronp, N. Y.: American Woolen common's decline was due to lack of dividend, decrease in earnings and an uncertain outlook for the company’s business. ‘The pfd. stock also suffered « sharp recession, but par- tially recovered because its dividend was contrived and prospects improved somewhat. It is perhaps bet- ter to hold common for awhile than to sell at a heavy loss. Studebaker common is keeping up dividends and is good to hold. ., BRooKLTN, N. Y.: Earnings of the Continental Can'Co. declined in 1926, but they equaled $7 per share on common, and 90 the $5 dividend seems main- tainable. ‘The company’s condition is sound. L., Lonaty, Onto: The Ohio Public Service Com- pany’s earnings more than meet the dividends on both { per cent. Ist fd and 6 per cent. pid. ‘The Ist pd. is the more desirable issue, but the 6 per cent. is reason- .. New Your Crrv: Since you “can't afford to take too much of a chance,” you had better not put $250 into Butte Consolidated Copper stock. ‘This company has not become a profit maker and the outlook is #0 uncertain that the shares are very much of a gamble and not “a safe investment.” Miami Copper, though not the eafest kind of a purchase, pays dividends and is preferable to Butte Copper. H., Tror, Outo: Finland is a amall and poor coun- try, but it enjoys good credit. Its 7 per cent. bonds sell’ at about par, and are reasonably safe. Rudolph Karatadt 7 per cent. bonds are the issue of a flourishing chain store concern in Germany, which last year paid 10 per cent. on its stock. ‘These bonds are secured by valuable real estate, and if no adverse influence arises they should be a good buy for a business man, M. Battimore, Mo.:- American Ship & Commerce and Austin Nichols common make no yield to stock- holders and are not inviting even a8 speculations. Dome Mines did not earn the full dividend of $2 in 1926, and the price of the stock underwent @ natural slump. The dividend is not secure. L., New You Crrr: It is estimated that Trans- continental Oil Co. earned $16 to $18 per share on pfd. stock in 1926. This would excite joy among common stockholders were it not that there are arrears of $19.25 per share on pfd. Prospects for 1927 are re- garded as bright and if income does not decline the common stock should be in line for a dividend some time this year. Free Booklet for Investors New Yors, March 12, 1927. There is still x large demand in Florida for 8 per cent. loans, and the Trust Company’ of Florida, Miami, is able to offer 8 per cent. first morta: estate bonds, secured on income producing bu ‘The borrowers are required to make month payments on interest and principal. The Trust Co. is acting under State Banking supervision. ‘The bonds may be had on partial payments. A Booklet giving full particulars will be mailed by the company to any address. Many investors lack the ability properly to analyze first ‘mortgage bond investments. "So a booklet has been issued by the Milton Strauss Corporation, Penobseot Building, Detroit, Michigan, to meet their needs. It sets forth the requirements of the corpora- tion's first mortgage real estate bond offerings, and thus aids investors to select wisely any’ investments. It shows how to settle the questions of good yield, margin of safety, certainty of income, and repayment of loans. ‘The corporation will send the booklet, ““Be- fore You Invest” (J-3-19 rested applicant. Analyze Your First Mortgage Real Estate Bonds HIS BOOKLET has been prepared to illustrate the require- ments of The Milton Strauss Corporation's bond offerings. Tt will serve you as a guide in the intelligent selection of your future First Mortgage Bond Investments. It shows how safety can be measured in terms of a generous margin of security and in the ratio of earnings to the plan of amortization. Mail the coupon today! THE MILTON STRAUSS CORPORATION First Mortgage Real Estate Bonds under the Supervision of the Bank ing Department. of the State of Michigan Penobscot Building Detroit, Mich. + COUPON oe Please send me without obligation your booklet “Before You Invest.” $$$$$$ 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 BEYOND QUESTION ‘The safest way of trading is t detailed explanation PAUL KAYE, 14: t which can be handled with the smallest amount of cash. Our booklet gives a nd comparison of each method. ROADWAY, NEW YORK comicbooks.com