OCR Interpretation


New-York tribune. [volume] (New York [N.Y.]) 1866-1924, January 03, 1922, Image 11

Image and text provided by Library of Congress, Washington, DC

Persistent link: https://chroniclingamerica.loc.gov/lccn/sn83030214/1922-01-03/ed-1/seq-11/

What is OCR?


Thumbnail for 11

One Year Ago Today
the following in the principal cities from
iished
Boston to San Francisco,
ONDS
From 1914 through 1918 the world,
from a financial point of view, SPENT
? ts ia?ngi and "YVASTED" its lahor.
Durvng and after the war there was
great INFLATION and undue extrava
gance. The relations between the na?
tion* were broken nnd have not yet been
readjusted. In this country there was an
orgy of -A-&?te and cxtravagancc.
The inevitabie results have followed.
Price bubbles have burst. Such com?
moditics as susar, cotfee, rubber, cop?
per, cotton and wool have shrunk more
than one-half. Borrowers have been
forced to sell. "Rich" people to protect
their business have had to sell their
securities. Prices of securities have
shrunk from 25% to 50%.
BUT most of the inflation is "out."
The nations of the world will undoubt
edly, before many months, readjust
their relations. Necessity is compelling
economy instead of extravaganee. Ex
pansion has ceased. The time to buy is
when other people must sell, for then
the buyer best serves himself and the
community.
Owing to "Forced Liquldation" G?**
ernment bonds, municipal bonds and
other sound securities are selling at
below normal values; and we believe
that,
For SMALL or LARGE INVESTORS
WHO HAVE SAVED CASH,
"THE BARGAIN COUNTER" FOR SECURITIES IS NOW OPEN
There are three KINDS of CORPORATIONS whose Bonds and Stocks are especially attractive
m The Corporation which has not undulv ex-candeH tk. r??*:_u?_. ... . ? . . F^v,i<*iij cturaCUVe.
The Corporation which has not unduly expanded
r^T8 ** 8t year* and which h^s NO FLOATING
A prominent one is the
UNITED STATES STEEL
CORPORATION
H*rir?g 91,000 Commtm utockhotider*
r7t7,-C?;P^gOrat,0n whose ,on? history shows that its
CT?X?iNC1? are, not ?nly SUFF1CIENT, but CON
o I AH I , through penods of depression or activity. A
conspicuous example U the
TELEPHONE &. TELEG5?APH CO.
HaTinjt 138,000 stodsholcier.
The Railroad Company which, through it* M **,
MFVTL ADVANTAGES -nd its 'GOOD MANAgI
ft.fc.iN 1, has mamtained good earnings and freedom
trom noating debt. An instance is the
UNION PACIFIC RAILROAD CO.
Ha-ring 34,000 Common ?iockho!der?
Thera ara many other propsrtiea which belong in some one of these three classes- we s?laTI h* .t? j ?? i ? *
^ ciasses, we snafl be glad to give information concemingthem
Founded in 1365
January 3,1921
Those expectations of ours have be*
G>mplete prosperity for the whoie country will come
w
?/hen
iring the past year. justified in full,
d and Taxation Matters have been rightly settled?Bat
better things are in store
ase om hope iarad confidence
stf on the whole,
upon two clear facts:
FIRST: The ?/or!d has shown its unwillingness to be coerced by any
nation. Our people will not permit coercing by any group,
SECOND: Our people are more and more inclined toward meeting
disagreements of all kinds by efforts for mutual understanding.
The re?ti!t of these two facts can be only beneficial. They create a FR AME
OF MIND which should gradually beget confidence, a "Good Will" asset
for the general situation.
While extreme low prices have passed, the opportimity still exists for the careful investment of money in sound
securities In the Kinds of Securities which we recotrcm&nded one year ago today?
There should foliow less quarrelling, more steady work, more money saved
2crocC?Ur?gf by !nvesto,r?> more business, more general prosperity, FIRST
rih.KiL and then the world over.
We shall be glad to advise such securities, upon your application, and to buy them for you
115 Devonshire Street, BOSTON
216 Berkeley St., BOSTON
Founded in 1865
BRANCH OFFICES
18 Broad Street, NEW YORK
45 East 42nd St., NEW YORK
Correspondents for Forty Years of
Baring Brothers & Co., Ltd., London

xml | txt