Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-09-24
SAFE BONDS AND
STOCKS STILL
IN MARKET
Prices Have Advanced but Not
Enough to Prohibit Good
Profits By-and-By,
BY 3. c. FORBES.

BY 3. c. FORBES.
When securities lrere cheaper
than tHeV are nOtC ! missed no
opportunity 10 urge readers Of
Hcdrst publications both in this
country and abroad to purchase
good stocks and bonds
There has since been a sub
stGHtidI rccOUerM and, conse-
qucHtlH there are not 80 many
uuquestionGbIe bargains. Safe
bonds are stHI attractive, and
seasoned stocks can also be
bought on terms that ,ciH permit
Of generous profit by-dnd-by, al
though temporarily there may be
unscttIement.
Here arc extracts from an
article contributed eGrJy im
august for the September issue
of HcdrSt'S Magazine:
You can safely rent out your saw
ines at rates never before offered
YOU.
One thousand dollars invested at
per cent now will grow into $4,000 in
less than fourteen years. while at 6
per cent your money doubles itself
in about ten years.
Nor Is that all Quotations for sea
soned. gilt-edged bonds and stocks
are so unusually depressed at pres
ent that they can not well fail to
advance in market value within a
year or two at the longest. When
eyer standard securities yield more
than the normal interest rate on
money, they can be bought with
every prospect Of proving profitable
II you propose to invest your saw
ings in trustworthy bonds or stocks
your friends may seek to impress
upon you that conditions are danger
ously unsettled, that the country may
some revolutionary action by Wash
ington that the crops may prove a
disastrous failure. that the enact
ment Of the new tariff may plunge
industry into distress and drive
many concerns into Canada. that
Europe may yet he convulsed by n
general war among the Big Powers
that--oh any old thing
II there we're no unpleasant pos
eibHties." investments wouldn't be
cheap.
Prices can not go on dropping for
ever. My opinion is that they have
declined below reasonable levels and
that they will most certainly improve
substantially-very substantially - in
course Of time.
IN financial circles there is an
axiom: The crowd is always
wrong" Well. to-day, the crowd"
is pesslmistic and as blue as indigo.
Did not the sales on the New York
Stock Exchange recently drop to the
smallest total recorded in the last
seventeen years? Did not the price
of seats membership on the Elk
change fall to $4,000. the lowest in
years and almost $4,000 below the
maximum of 1909. equal to a total
shrinkage of $6O,OO0OOO? All this
demonstrates that the crowd" has
not been buying securities, that most
people are frightened. that still
poorer prices are expected.
I am trying to convince the mill
lions of readers of Hearsts Maya
zine, The Atlanta Georgian and
other Hea<st publications that if
they buy outright well-selected
stocks, bonds and short term notes
NOW they will not only enjoy a gen
erous income on their savings, but
are bound to make profits by-and- by,
no matter though there may be fur
ries Of excitement and temporarily
lower quotations before the sus-
tanned upward movement is firmly
established.
That there WILL BE an upward
movement. a recovery from current
levels, there is not room for doubt.
Don't buy rubbish just because the |
price is in cents rather than dollars
To buy Cheap" stock is usually