Evening star. [volume] (Washington, D.C.) 1854-1972, 1925-12-31

1 s \
that bords ,,,,.+ ~ ~
I0-arc tho frs+ & ~ Ssssssasssy
nlace in INV in 20 sssssssss
vestment Ist i Ess ssSs@
-hreataned IL, Tho # $3.50
rise of . new the. Es 49,
80. ,vidaI,. .,d,.a,- E$s$ ssSa#Ssss
1ised and in many
i1larters 1ccenrad
20 The effect that -
with nronar divarsiffra+ior common,
stocks over 2 nariod of wears nor only
,-iz-a = Iaroa,. rat,r, tbap honds h,t
70 i,st as safe - "a n,.incinaI
Bnt when tba wo,IId.ha investor
~its down n e,.r,i,,a ,,.ices no ind
he average o1Iorafion fnr. these com
mon stocks far above ANYTHING seen
III wears. Even when he comes 10 IooI;
iD-o +ba ,-iaI1s ~ bnna. ~ n,a,..,ilipo
,,,.ices no finds tbe,,, much htInU- yyha-
rbay ,rara a. nm. 1i,,,a ,i,,c,. tl,e 49,,
This conditton / NOT 81 naarI,. ma.
g1aunced in bonds as in stocks bur il
exists inst the same and nuke. uer1i-
uenr the inquiry how long the price
advance and The WELD decraase are
~ continue For oven the most can
nous Of investors. the one who Is
looking nrinaril, far. income does NOT
want ~ 500 his nripritaI denraciata j.,
marker ,.l,uation
Investment issues Advance Gradually.
Looking back over the year we tlnd
that the appreciation in market price
Tor all classes Of investments has been
Gradual, but steady. 1t is only in
speculative stocks and in real estate
,har there has been unreStrained bid
"4iE up u prices. IL ooi!uS the "a
resnoniTa nnt inna - 20 ~
La fnarni,I con,iifior ~ no IaL+ar
..n,,noratinn
,rt;. ,,,,1;o.. ,,,.,.- ,,,;.,I. -,
tIi.l.;, te.., -,
- 80 e'.e
e. - 20 "'''uo 49, - - =
-
-, - - -. -,
~ 49,,
', tile ~ = lllas SUM ,lt
Niiioit ,iioi''i9 a.
.,.. 10 - -, .t..
go !!o : ia NV = sc" M
~ ~ : 'nV ''ie pai
'Rlidi 'He progress mas "'eh even
more pronounced IMAM Win the fa4iS'
ana thal Is IN loLelsh oohaS, the az
cfage pt'ce iof Whlch was az the hlsh
poin' VI we year IN november.
fidu II NOT Deeh 1of the doupt ABOUT
she FRENCH SITUATION the gam IN pup,
1ltlVs nr f,s lhe Iedsuit u lne mn mn
SeaI i.Sse W. Slo"'9' me lAi"ute
%oe ISil9 S'Iiu ti4C 1oIc45It7' IA VIC
,.,ASIt ~ ptaoe li'ia 90 - -, Nc
~ ~ ~ 'liS nttIL1iSS' MS ~
So. : . ~ - - u ~ 80 - "e
Aepl - mini - tiiV ~ "''l =. io'i>1iis
3'Ss'1oi.
Liberties Less Attractive.
S-,nnnsa ,,e an.ly-ze l,rietI,. Tho w
,i,4Is lI.ts.a, ~ in1ast,,,.rt faL.fne mn
49, b,rd. 49, t,eein,,i,,,,.,,.f,I I NC
80 ~ T-nit.d >,t4tae ,l,ii.,.,ti,,,, ,e5l.
- ricld i ,,.T fa,,t..,,1d ~ ,n,,,.t,
can ha nbtained in The savings hanks
Prices for Liberty bonds now are made
elitifely by the eob ana iioW of invest
-. so,,ni1 iSti,,,+i - iii ~
-, i,,,ere,. 49, +,,,IiI- -, s,,aa,,1t;.,,
5,,r,,.s.s7 Re-, -
+ba1. ,.en1a3n ~ co,,,,sa - has+ ~.
,.it,,, t,,,.ost. -
,,i3 :, - li = NC -
49, ~ -, - = ~ u ''s
49, ~ - - iio'' '''toii oiis way VI
80, ; ba,,I.r,;,,- ~ 1000.
hicb o,I,,,a,.;l, e.. -,
"a ,onde l. nat ,t ~ a.,,,.. tis,,.ri-..
-, -, ,.a.,s,,,t -, -,
= sta..7iI, i,,5l,l,,;,, -.
- - 7e.''uii. oni,ii@ >iil''iisi tiiot'EH
80 -, 'tol' =. tiie - - ''l,l'',1 a4ilA
~ ''i"1 - -
- !" . - 9 polSIi.tdI ou2 u II! lAt i'f4i,
80 50 8 iiiit'5ii1 - lii' PIi'E Sdouid
:, - 20 - g - 1'''t1A iAf,1
- o'aion - pay M llsl'tlil4.i,tS on
! 81, t,,,,.. - =. i.t'''' 80 ~
- :, = = III,
l5rj.it.I, -, ''t e nc '. -. ~
- = - Illtst - ~ - IN tdpie
- y 70 No.
rati1a, last ~. -
..a,,al, -, 80 +" - - '4lil.
andar,. Observation-Disclosures. ia ~ 80, - So
Still desirable. But for the ordinary
sserase sfhdli investor theE are no
Whsef attractive.
Rails yersus Tt;lit;os
- IN liie NeiS ms - s1d' t'tll
90 ~ itN allo w >
rbeln : n+ifi;l,11,, i<,,, Ia
80, 10 ~. IL
restricted in tbai,. ir,..et,,,,.,,t.. ,,,,1s
1ba n,,ic ~, nd Ii,3,r tt,a,-i',I3 -
IN around i N ~. o-,5,..1
7fons far tba.e Iot,ds -, t.,i,,,<,,,l,at
under the highest ~ tl,e ION. ,,.,,lIoS
IN tho Iate Sprino Inn mo-. 49, stiII
moi low eno,,,rb ~ ,a.,l.., Il ,...,,,,n.,fIa
10 exnect that tbn neyt r,o,..,,3c,t
must no ,r,,,.,,4
Asa maftor Of fact thn infiy,s,,aI in
weston can oet = hetter. return vim
INST as good sac,I,,ity in tho hi,-h-or.tde
pubIic lItiIifv az no can IN "lae,l,' rair-
wav bonds some day til. han);ire-
laws of the Eastern states such as
New York. for instance. Mil lie re-
vised to allow savings institutions to
buy first mortgage utility bonds under.
suitable restriction. Because hat day
y