••,...

■■•■

THE DETROIT JEWISH CHRONICLE

PAGE TEN

IN THE FINANCIAL WORLD

41 o

0

PREFERRED
STOCK

Arctic Ice Cream Co.

Ask for circular giving inter-
eating details of this issue

Watling, Lerchen & C

Investment Bankers

GRAND RAPIDS
DETROIT
DETROIT OFFICE
56 West Congress Street
Ground Floor
Telephone Cadillac 2302
Peoples State Bank Building

iI

MARKET REVIEW, BY
LESSONS OF WAR
O'HARA-FERRISS CO.
BOOMING BONDS

Demand for bonds, municipal and
industrial, by both large and small
investors in Detroit is almost un-
precedented, according to houses
specializing in that field. And this
condition is attributed largely to the
wide distribution of Liberty bonds,
among millions of people during the
war.
These government securities going
into the hands of people, who be-
fore the war had no conception of
the financial market and whose idea
of a bond often was merely some-
thing that frequently kept folks out
of jail, has developed a new trade
for bond houses. H. Vaughn Clarke,
of Bonbright & Company, said Tues-
day.
Partial Payments Introduced.
Consequently, efforts are being
made not only in Detroit, but
throughout the country, to educate
the public to appreciate the invest-
ment and savings possibilities of ad-
vised bond-buying.
These efforts include partial pay-
ment plans, such as enabled thou-
sands of people with little capital to
buy Liberty bonds.
The type of bond that has the great-
0 est appeal for the "little fellow," the
man with $100, $200 or $1,000 to in-
vest, is the industrial, Mr. Clarke
said. Especially the bonds that have
a convertible clause, offering a specu-
lative inducement to the buyer. The
American public always is inclined to
take a chance, Mr. Clarke said, and
as it is always looking for a large re-
turn on its investment, bonds offer-

Subject to Prior Sale

State of Michigan Highway, 4 1/2's,

4.25% Basis

35% Basis

City of Detroit 4 1/2 's, due 1948

4

Mansfield, Ohio 51/2 '.;, due Serially

4.75% Basis

Mingo County, W. Va. 5's, due

4.85% Basis

.. Serially

1

Douglas, Ariz. 6's, due Serially

Clifton, Ariz. 6's, due Serially

5
5

00% Basis

20% Basis

FIRST JEWISH PORTIA
IN THE NORTHWEST

MATTHEW FINN BANK

E

82 Griswold Street, Ground Floor. Detroit, Mich.

a

I

i
1
4llommiumwomminummonommimmummaimmumummaummonumommuommitomumommuommummi*

Main 6104

C. M. DEAKIN & CO.
Members Detroit Stock Exchange
ANNOUNCE

the establishment of direct wire connections with
Clement Curtiss & Co.
and
Chicago
Members New York Stock Exchange
Chicago Board of Trade
Chicago Stock Exchange
Through the above correspondents we are enabled to reach the
principal cities of the United States and Canada by wire and give our
clients the very best of brokerage service.
408 Grand Rapids Savings Bank Bldg.
801-2 Dime Bank Bldg.
GRAND RAPIDS
DETROIT

Van Emburgh & Atterbury
New York
Members New York
Stock Exchange

•

I

MINNEAPOLIS, MINN.— Miss
Eleanore Harriet Bresky, of Minne-
apolis, Minn., has the distinction of
being the first Jewess in Minnesota
and the Northwest to be admitted to
the liar to practice law in the State
of Minnesota. She is a graduate of
the Northwestern College of Law
with the degree of L. L. B. Miss
Bresky was a teacher in the local
public schools, and she resigned from
her position to take up the study of
law. She is one of the best known
Jewish women in Minneapolis, being
connected with the work of various
Jewish organizations for many years.
She was superintendent of the Sab-
bath school conducted at the Kenne-
seth Israel Synagogue before the new
edifice was erected, has actively in-
terested herself in all phases of wel-
fare and social work, and is an ardent
suffragist.

11 0

0

most any other field. For several
business generations this institution

highly valued by our clients.
For overseas trade or for domestic
commercial and savings business, the

quality of our service Is very much

worth your careful Inquiry.

Capital and Sur-
plus $7,500,000.

The securities owned and recommend-
ed by us were purchased only atter a

most thorough investigation.

1

11121BER FEDERAL RESERVE atNli

81 /4%
with safety

U

0

Stocks, yielding from 41/2% to 81/2%.

We shall be pleased to carry any of our

Further Service to the Investor,

Office open Monday evenings from 7:30 to 9:30

Bonbright & Company

Ground Floor, Union Trust Bldg.
Cor. Congress and Griswold Sts.

Detroit, Michigan

Telephone—Cherry 4320

Timken-Detroit Axle

Motor Products Corporation
Hayes Wheel Co.

We recommend that the stock of the above companies

be bought at the present prices.

Quotations and information on these

and all other securities will be fur-

nished on request.

This work of viewing
with impartiality the cold
facts of a given problem
is one of the very impor-
tant branches of Certified
Public Accounting.

A. W. Wallace & Co.

4q6.

(Members Detroit Stock Exchange)

CertifiedPublicAccountant

(New York)
Dime Bank Bldg. Cherry 271
Woolworth Bldg., New York

PENOBSCOT BUILDING

Cherry 2800

LI

0

0

O'Hara, Ferriss & Co.

Cherry 829

Your Passport

to success is a bank-book. Aims, desires,
ambitions or wishes don't go—

You are not ready for opportunity until
you can show that you have saved some-
thing from your toil. Not until then do
you deserve success.

$800,000.00

FREE FROM STATE, CITY

AND NORMAL. INCOME TAXES

Detroit Gear & Machine Company

IIRS

of Detroit (a Michigan Corporation)

8q - CUMULATIVE PREFERRED STOCK

Par Value $100

STATE BAN K

$100 a Share and Dividends to Yield 8%

Complete information upon request.

OF DETROIT

As participants in the Syndicate we solicit your order.

Griswold and Lafayette

W. E. MOSS & COMPANY

Nine Convenient Branches

Investment Bankers

0— —0=

Bonds, Notes and investment Preferred

Complete information on request.

Telephone Main 4612

Members Detroit Stock Exchange

=I

Ask for our latest offering sheet which
contains a large selected list of attractive

offerings on our Partial Payment Plan.

In the work of organizing
business associations, dis-
solving partnerships, or in
interesting outside capi-
tal, the impersonal per-
spective of judgment is
invaluable in arriving at
an equitable agreement.

Information which we have regarding Im-
pending developments In PAIGE, PACKARD
and CONTINENTAL stamp these securities
as the best purchases at the present time.
Your Inquiries solicited.

Union Trust Building, Detroit

O

regular income and a ready market.

to

0

O

They combine safety of principal, a

41/2%

00=0=10=0===locio====o== =0n0

U

Detroit, Mich.

Fill out this slip and we will tell you all about 7% mortgages:
Gentlemen:—
all about your 7% mortgages.
Kindly N tell
Name
Address

Investors

Reorganizations and
Dissolutions

• Second Floor, Dime Bank Bldg.

O

FIRSVOLD DETROIT
NATIONAL BASK

•

Limburg.

Members Detroit Stock Exchange

has been closely Interwoven with ev-
ery advance in the business develop-

ment of our section. Its co-operation
and guidance are, therefore, naturally

The Millidn Dollar Housing Corporation
Main 2530
143 Griswold St.

TIMELY BUYS

o
O

XPERIENCE teaches—a maxim

perhaps truer In the wide ramifi-
cations of modern finance than in al-

Bankers Land and Investment
Corporation

101=0.==0=0.
01=01=0=01=0= 0 ===

O

E

Why receive only 6% when we will place your money on the best
grade of Detroit real estate„ with new houses on, In best residentkil
districts and net you seven (7) per cent, payable semi-annually, with
principal and Interest collected and guaranteed by us.
You pay more for your living expenses—why not get more for
your Interest money? JUST SEND YOUR MONEY IN.
Seven Per Cent Interest and Absolute Safety
Call or Write Us About Safe Investments
Bond Department

C. M. DEAKIN & CO. ANNOUNCE
OPENING OF GD. RAPIDS OFFICE

Jewish residents of Pittsfield, Mass.,
members of the Congregation B'nai
Sholom, dedicated their first syna-
gogue last month. The synagogue ac-
commodates 300 persons.

0=0,==0,===0=0=0,=0=w ri

O

7% FIRST MORTGAGES

ON HIGH GRADE IMPROVED PROPERTY

Great activity in Continental Mo-
tors featured the past week of trad-
ing on the Detroit Stock ExcIiange.
Persistent rumors regarding a Gen-
eral Motors merger are responsible
for the increased trading. l'ackard
and Ford of Canada have also dis-
played strength. The reduction of
the par value of the former, and the
stock dividends, possibilities of each
have served to male them both very
attractive.
The remainder of the inoto'ri field
firm and sold in good quantity. Noble'
Oil advanced materially and appears
strong at the higher level.
Among the industrials Wolverine
showed the greatest strength, with a
full point gain. An improved factory
and increasing earnings seem to
augur prosperous conditions for the
Company next year.
Market sentiment is very optimis-
tic regarding all the leading issues.
The Supreme Court decision relative
to taxability of stock dividends is ex-
pected during the current month, and
should produce great activity among
the high priced issues.

C. M. Deakin & Co. in announcing
the opening of an office in Grand Rap-
ids, report satisfactory business.
They also report that their New York
stock department is now under the
personal management, with direct
wire connection, of Mr. Doyle Kel-
logg, who has had over ten years' ex-
perience with several stock exchange
and
sane
interest
return
firms in various capacities, including
sa
fe
ing a
have been slighted by the great buy- representation on the stock exchange
g public in the past. But the Lib- floor.
ing
erty loan issues have shown that this
type of investment is much the same
as placing money in the batik, al- Many Charitable Bequests
though the interest return is mostly
In Mrs. Lehman's Will
always greater, and a result bond-
buying has increased, he says.
New York—The will of Mrs. Babette
Detroit Has Much Money.
Lehman, mother of Supreme Court Jus-
Detroit apparently has more money tice Irving Lehman, disposes of an
now than it knows what to do with estate of more than $500,000 and gives
according to Mr. Clarke. Ile said many bequests to charity. Gifts of
shop girls, stenographers and clerks $5000 each are left to the United He-
are now numerous as bond-holders. brew Charities, Montefiore Home,
As an example of the easiness of Young Men's Hebrew Association, He-
money in Detroit, he cited the recent brew Benevolent and Orphan Asylum,
sale of $1,000,000 seven per cent cum- Hebrew Technical Institute, Home for
ulative participating preferred stock Aged and Infirm Hebrews, Educational
in the Detroit Seamless Steel Tube Alliance, Jewish Protective Aid So-
company. It was all gone in six ciety and Crippled Children's East Side
hours and the buyers were not ex-
Free School.
clusively those of large blocks. Many
he will gives $2500 each to the He-
$100, $200 and $500 lots were sold.
brew Technical School for Girls, Beth
Mr. Clarke was of the opinion that Israel Hospital, Home for Hebrew In -
the demand of the public for high- fants and St. Vincent's and Presbyterian
class bonds is growing so rapidly that Hospitals. Mount Sinai Hospital gets
it will not be long before banks will
$7500.
be forced to establish departments
Justice Lehman gets $50,000 and all
for the sale of them along the same the personal effects are divided among
lines that Liberty issues were handled. him and his brothers, Sigmund, Arthur,
While industrial bonds of a con- and Herbert H. Lehman. Seven grand-
vertible nature are the most popular children get $10,000 each. The resid-
variety among the small buyers, the uary estate is divided among the broth-
municipals are attracting the large ers and their sisters, Harriet L. Good-
investors.
hart, Settie L. Fatman and Clara L.

We Own and Offer

due 1934

I

g4 41

a