Babson Investor Critique of Utility Sector Explains Raw Deal
Babson Park Massachusetts July 12 1935 investors say utilities have suffered a raw deal while industrial and railroad stocks surged. He cites political taxes inflation and regulatory hurdles as obstacles to utility recovery noting 8 000 000 people indirectly loaned to power firms and urging public awareness of favorable electricity cost trends despite attacks. He warns against selling utility securities and notes potential growth from new markets such as electric appliances.
MENTIONED IN THIS ARTICLE
Babson Park
Mass
North America
Ilicy
United
Europe
Electric power demand warns against optimistic gains
A 30 company study shows output up 65 percent from 1933 for the week but earnings rising less than half that pace. Investors should not rely on higher security values from long term power sales and should monitor tax effects.
Power stocks oversold as prices versus earnings rise
Investor notes current price to earnings around 13 to 1 for utilities and 17 to 1 for 30 industrials. They suggest utilities may have overreacted and defend holding power stocks, citing Newton's Law as justification.
PUBLIC SALE OF VALUABLE ORCHARD AND RESIDENCE PROPERTY
Public sale Notice issued by Trustees for the Massey Massey and Elting deeds of trust. The 112 acre Shawnee District Frederick County property known as Aulick Farm near Winchester Va is offered August 14 1957 at 11 a.m. with about 100 acre apple orchard and a large residence. Terms require one third cash, balance in two equal annual installments from sale date with interest 6 percent and secured by deed of trust and fire policy.
MENTIONED IN THIS ARTICLE
Charles F. Massey
J. M. Steck
Frederick County
M. M. Lynch
Elizabeth Massey
Winchester
W. W. Glass
John M. Steck
Investor Guidance on Utility Stocks and Market Swings
The author cautions that the pendulum of markets overcorrects. After the current period of utility gloom clears, better utility issues may rise, but investors should sell most holding company common stocks now.
Rev J T Owen Accepts Cedar Cliff Charge
The Rev Julian T Owen pastor of Springfield West Virginia Presbyterian church has accepted a call to the Cedar Cliff charge subject to Winchester Presbytery approval. The charge includes Nineveh Mt Hope Cedar Creek and Cedar Cliff churches. Owen a Martinsburg native and Hampden-Sydney graduate was educated at Union Seminary in 1930.
MENTIONED IN THIS ARTICLE
Julian T. Owen
Springfield
W. Va
Cedar Cliff
Winchester
Nineveh
Mt. Hope
Cedar Creek
Martinsburg
Hampden-s Dney
Union Seminary
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Sinclair Gas
Sinclair Oil
Sinclair Lubrication
Jim Loy
Sinclair
Braddock
Monmouth
Pine Motor CO
Brad
Cecil St
Ct Io
Hughes
S. Loudoun & Gork Sts
Oldsmobile
Dodge
Bickers Motor Co
Chapman Motor Co
South
Loudoun St
Firestone
VENUS
N.8.c
Red
Firestone Auto Supply & Service
N. Main St
Geo. T. Barnsley
Mgr
Babson
John Rhodes
Star Office
Clifford D. Grim
Francis Funk
Baby Carriage
W. Piccadilly St
Pontiac
Charles St
H. P. Ames
Inwood
C. H. Musselman Co
Loudoun Street
Fairmont Avenue
Call Pine Motor Co
Teleets
Cork St
National Avenue
Loudoun, Co
Cross
Leicester St
Stewart St
C. T. Ritter
S. Main Street
Peyton St
N. J. Wigginton
N. Washington
Jolliffe
Verne C. Thayer
N. Main
Busy Bee Restaurant
Furst & Thomas, Candler Bldg
Baltimore
N. Braddock St
Chevrolet
Shenandoah Motor Co., Inc
Winchester, Va
Farmers & Merchants National Bank and Trust Company
Virginia
Fig
Banking House
United States
Federal Reserve Bank
Icares
Total Capital Account
Amounts Aisin
Piers Rhsur
Redi MladAnasl
Ons
Peter
Rcugen
State of
County of
Frederick
J. H. Yost
H. Yost
Cashier
Packet Asia
W. E. Cooper
Mary G. Hershberger
J.T. Owen
Zenith
Warner
Cammer Tire Co
Boscawen &J
Herrell Sales
South Loudoun
Aerolux
Winchester Furniture CO
Main St
Ford
H. W. Ebert
Huntsberry’s Shoe Store
North Loudoun ST
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