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Investors' Guide The World with the The of The Guide, World United Cigar Stores Company of purchased 20 shares of United Cigar Stores company stock at $7 per share. Would you advise buying 40 additional shares at the present price to bring down the average cost K. B. United Cigar Stores Company of America rolled by United Stores corporation, is one of the leading distributors smokers supplies in the United 1 States It has about 1,300 stores in opera of which 200 are drug stores and 100 ination cigar and lunch eonette units Sales const be tween 40 and 45 per cent of total sales of stores and about 10 per cent of total drug owns valustores company able estate and the upward trend evthe three last 1929 and In 1930 were slight1y more th per cent of total receipts income before federal 1930 was $1,551. 980. or $9.06 per preferred share and against $3. or $16.31 per preferred share and 38c share for 929 The difference net due the $2. 332.000 decrease in profit on sale of real tate For the first half of 1931 were 43, $6,240 280 931 excluding $585 384 reserve for standing premium written ha on termination of redemption In July 1931. the received $1,900,000 from the Gillette Safety Razor company in the settlement of litigation. This is equivalent to almost per share of preferred. The company had outstanding at the close of 1930. 273 rea estate mortgages and $8 funded debt There were e outstanding 357 shares of per preferred par $100) and 5,293 661 shares no par common Current assets were $22,679,647 and current liabilities were $10. 861,845. Cash and marketable securities alone were in excess of Dividends on the 6. per cent preferred were paid to August 1929 after which date nothing was paid until February 1931 Dividends on the preferred have been regularly paid since, but nothing has been applied on the $ $7.50 cumulaThe preferred is medium grade The common is just a speculation A. O. Smith Corporation. Will you kindly advise me regarding A. O. Smith corporation 6½ per cent bonds due 1933 as an investment for one who does not want to take any chance of loss of principal or interest -J. P. P. They are sound. 1931.) Bank Suspensions. Harrisburg. Pa. Oct. The state banking department today took over three banks, the Franklin Trust company, Philadelphia, which operated four branches: the and the Jordan State Bank of Allentown. The Franklin Trust had deposits of 664 486, the Shrewsbury institution 350.000 and the Jordan bank $299,841. Bar Silver New York Silver and higher
