PAGE NINE
THE DETROIT JEWISH CHRONICLE
41
IN THE FINANCIAL WORLD
MORTGAGES
7% FIRST
GRADE IMPROVED PROPERTY
DETROIT BANK DEPOSITS INCREASE $131,132,000
George M. West
& Company
INVESTMENT BANKERS
Announce the removal of their offices to the
tenth floor of the Union Trust Build-
Telephone Main 1118
included.
BA N KS
•
Totals
HAYES WHEEL
AMERICAN LIGHT
&
'
MOTOR PRODUCTS
ou
2 5s 3io ng Corporation
The Million Collar Housing
Main
143 Griswold St
$ 76 16000
60,779,000
52,094,000
22,366,000
23,905,000
10,889,000
18,022,1100
7,375,000
10,257,000
12,083,0110
5.189,001)
29,894,000
8,152,000
4,910,0011
$1115,598,0011
78,225,000
69,40600
35,841,01111
34„366,1100
19,285,1)(10
24,530,000
12,743.000
14,880,0011
16,603,000
9,708,000
34,044,1100
12,205,00()
5,779,0011
•Incteasel
$ 29,432,000
17,446,000
17,31211001
13,475,11(1(11
10,41,1oon
8,39o,is
6,368,(10(1
5,368,0ou '
4,623,00o
4,520,000
4,519,000
4.150,000
4,1153,000
869,000
$142,081,000
$473,213,000
$131,132,000
Nov. I,' f9 f$
Nov. 17, 1919
in
Finn Receives Dresden Bonds
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Detroit, Mich.
Fill out this Blip mud we will tell you all about 7% mortgages:
.
• ••.
• Gentleinen: —, '
Kindly tell me ull about your ro mortages.
Name
Address
MATTHEW FINN, Banker
Member, Detroit Stock Exchange
Main 6104
82 Griswold Street
Specialist in Michigan Municipal Bonds.
All issues of Detroit Edison Stock or Bonds and D. U.
R. Bonds, bought and sold.
Orders executed in all markets.
Foreign Municipal Bonds and Foreign Money
quoted.
Inquiries solicited and information furnished on any
security.
NIattliew Finn, banker, 84 Griswold
Directors of the Bankers' Trust Co. street, reports he has received a large
consignment
of foreign currency in-
have voted to increase the capital
stock from $300,000 to $500,001). The cluding City of Dresden, City of
Hamburg, 4 per cent bonds, which
stockholders will ratify the recom-
sell for four cents a mark.
mendation at a meeting Dec. 9.
The Bankers Trust Co. specializes
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•••••••••••••111•11111•••••••••••••••• •••111•11111
in underwriting construction loans DR. DANIEL JACKSON
and the demand for housing facilities I
TO PALESTINE
in Detroit makes desirable the in-
—
?VIE continued low prices on the Detroit Stock Exchange
The business
crease of capital.
•
PITTSBURGH, PA.—Dr. Daniel •
I make many local securities very attractive.
Each year has
started in 1911.
a
•
shown an increase of business with Jackson of the A. E. F. is en route
Consult our Trading Department for a comparative anaylsis.
•
satisfactory returns and desiring its for Palestine, where he will take II'
affairs to come under the examina- charge of the sanitation and hygiene •
tion and control of the state banking work being done by the American
department, the company, in May, Zionist Medical Unit.
Dr. Jackson, who is a son of Henry
1917, took out a new charter under
Jackson, former treasurer of the Fed-
,
the Michigan Banking Act.
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Arthur Webster, J udge of the Cir- eration of American Zionists, enlist-
•
Members Detroit Stock Exchange
cuit Court, is president, Frank ed in the medical service of the A. E.
:
Hubbard, Edwin Denby, Ralph Nix- r almost as soon as the United States
on, arc vice-presidents; \\ 'alter C. entered the war, and has only recent-
Brandon is treasurer and manager; ly been discharged. When lie was
M. Hubert O'Brien is secretary and inducted into the service, he received
E. Cole is assistant secretary and the rank of lieutenant, but his achieve-
ments led to his promotion to a cap-
treasurer.
David Cooper '
In addition to the above, John R. taincy. Ile served two years in the I .' Abraham Cooper
Bodde, vice-president l'eople's State army, first at Camp Devon, being in
V
charge
of
the
sanitation
of
the
camp.
Bank; Fred Burton, vice-president
Burton Abstract & 'rifle Co.; Leo M. Later he had charge of the Polyclinic
Butzel, president First National Co.; hospital in New York. where the over-
1.1
Claude It. Harmon, ex-president of seas wounded were treated.
Cadillac 7509
2219 Dime Bank
the Real Estate board; Robert F.
It was his success in these two
Ilartenstein, G. V. N. Lothrop, Ed- fields of labor that led the Zionists .54
ward A. Loveiey, Walter II. Maurice, to choose him for this important mis-
Burglary and . Theft
and James M. Tealum, compose the sion,
h alth and Accident '6
board of directors.
Platleir C Plass
i2
Compensation
Rabbi
Louis
Wolsey,
of
Cleveland,
0
The resources of the Bankers Trust
9
Automobile
0., was recently presented by his con- :::
company amount to $2,000,000.
„:
gregation, the Euclid Avenue Temple,
Us Means Security
w,
Hebrew teachers of Philadelphia, with a seven-passenger Cadillac tour-
ing car, and the upkeep for a year, as it
l'a., have perfected the organization
of the Hebrew Teachers' Association. a token of its regard for the rabbi.
■ ■• • ■
■
GOES
TRACTION
Bankers Land and Investment
Corporation
follows:
lu the foregoing table the deposits of the six trust companies are aid
BANKERS' TRUST CO.
INCREASES CAPITAL
•
when WO will place your money on the best
Why receive only
grade of Detroit real estate„ with new houses on, in best residential
with
districts and net you seven 17i per cent, payable sem1annually,
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
the armistice.
The remarkable increase is credited to the generally healthy condition
of industrial business in Detroit and reflects also the regular employment
of workers at liberal wages.
The comparative statement for the downtown banks on the dates named
Peoples State
First and Old Detroit
\ \ 'ayne County and Home
National Bank of Commerce
Peninsular State
Bank of Detroit
Detroit Savings
American State
Merchants National ....
Central Savings
Commonwealth-Federal
Dime Savings
First State
United Savings
ing, Detroit, Michigan
O N HIGH
Deposits of the downtown banks of Detroit, as shown in their published
reports of condition at the close of business November 17 last, aggregated
$473,213,000. This total compares with $342,081,000 un November 1, ORS,'
the date most closely approximating one year ago on which published state-
ments also were presented.
In the period of approximately one year, which is the first year follow-
ing the signing of the armistice, November II, 1918, Detroit's downtown
banks have increased their deposits by $131,132,000, a gain of 38.33 per cent.
In other words, deposits one year alter the end of the war are more than
one-third greater than on the date last year, 10 days previous to signing of
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COLUMBIA SUGAR
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O'Hart
Ferriss
&
Co.
O'Hara ,
■■
TIMKEN DETROIT
Cherry 829 E
• • Second Floor, Dime Bank Bldg.
■
sms•ma wniii
I■EN■um■u■n•w■mm■
Local stocks are worthy of your
interest at this time. We special-
ize in the securities named above
and recommend them for your
consideration.
:::coxe c.x.x.x.:•3
. ox .x.x.x.x.x.x.x..-..x..x.cox.x.:. 2 ..x.x..7.*:::
coopER INSURANCE AGENCY
GENERAL INSURANCE SERVICE
Wu will be pleased to give quo-
tations on these and other stocks
...,
v
A. W. WALLACE & CO.
Penobscot Building
Cherry 2800
State Bank
Number.;
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F
' . e
A Policy With
IRS
Member Federal
Reserve Bank
STATE BAN K
OF DETROIT
ESTABLISHED 1853
The "Real Inside" About Oil Investments
ASSETS
$ 489,238.99
1. Cash, Gold and Currency
1,138,728.14
2. ('ash in banks, payable on demand
266,192.60
:3. Checks, payable through Detroit Clearing House .
and
Bills
receivable,
comprising
loans
to
individuals,
firms
and
corporations,
on
collateral
4.
7,677,349.93
based on commercial credits
None
Bills
Payable
327,719.68
5.
Items
in
Transit
2,380,003.24
6.
753,215.81
7. First mortgages on improved Real Estate in City: of Detroit
S. Bonds of Municipal Corporations and Railroads.
1,0:36,292.50
Securities
of
the
United
States
of
America
48,457 .54
9.
273,311 .96
10. Loans secured by United States Bonds
Branch
Banking
Houses,
furniture
and
fixtures
39, 000.00
11.
19,058.55
12. Stock in Federal Reserve Bank
Due
from
Fourth
Liberty
and
Victory
Loan
Subscribers
13.
$14,648,568.94
Total Assets
This interesting and instructive booklet will be
sent to investors upon request.
Ask for Booklet A-2.
J.W. Sibley 8c Co.
01:1 0
e
LIFE
'4
,0
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CONDENSED STATEMENT—NOV. 17th, 1919 1
Members Detroit Stock Exchange
Investment Securities
1268 Penobscot Bldg.,
. A
A ‘,
Detroit, Mich.
01==== 10 =0 = ==10=01===10=10 6
I
LIABILITIES
.1
1
National bank protection for your
savings; Inc highest possible type of
service and co-operation on comfier.
dal accounts; and, if you desire to
send money or 10 business overseas.
ufl
a world-wide connection that assures
satisfaction; these are just a few of
the advantages you gain by doing
t oillI 0 11111
MIST, OLD DETROIT
1V1TIONAL
Ol
First State Bank of Detroit
Main Office:
Lafayette and Griswold Street
NINE BRANCHES IN OPERATION
O
=DER FED131.1L RESERVE LIV•li
0 4111=110 1== 10 =
814,648,568.94
business with this bank.
Capital and Sur.
plus $7 ,500.000 .
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$ 3.609.-171.01
6.593.592.84
231.130.00
87,332.28
687,500.00
1.000,0 00.00
437, 319.75
1. Commercial Deposits
2. Savings Deposits
:I. Bonds lect for safe keeping
4. Reserved for taxes and interest
:i. Bills payabel
6. Capital Sto k
7. Sarplus and Umlivided Profits
01===0=0==10=0===t0=0
Breslin[ and Heating,
ellene and (liallot
nod Ward End El,t
Marl. and Mt Elli.dt
Ilanniton and Webb
Si.rim,a,11, and Frrndala
tit. C•ir and ?lark
Joe. Canwau and Newton
[',,rent and yen Dyke
LINWOOD AND VIRGINIA PARK (UNDER CONSTRUCTION)
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