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December 19, 1919 - Image 15

Resource type:
Text
Publication:
The Detroit Jewish Chronicle, 1919-12-19

Disclaimer: Computer generated plain text may have errors. Read more about this.



A merican ,}swish PerhiSeal Center

cLiF7ON AVENUE • CINCINNATI 20, OHIO

PAGE FIFTEEN

THE DETR011 JEWISH CHRONICLE

IN THE FINANCIAL WORLD

WEEKLY MARKET LETTER.

Dansard-Hull-Bumpus Co.
New Name of Specialists
in Municipal Securities

The Ideal
Christmas Gift

Think of the satsifaction of regularly receiving an additional amount
of money or gift each six months, when interest would be paid.

Example: Suppose you gave a $1,000 six per cent bond due in twepty
years, the interest would amount to $1,200 in addition to the principal
of $1,000 at maturity.
What would he more appreciated by anyone?
e lding
We offer high-grade bonds in denominations as low as $50, yi
from 41/2 to 7 per cent with safety.

ASK FOIL LIST Dino

BONBRIGHT & COMPANY

Telephone Cherry 4320

New Ynrk Philadelphia, Boston, Chicago, Grand Rapids, Buffalo,
Cleveland
London, England; Paris, France

of America

This stock is selling at a very attractive
price which we believe warrants its pur-
chase as an investment.
The "INVESTORS SAVINGS PLAN"
provides a convenient way to purchase
high grade securities by monthly pay-

Main 561
Members Detroit Stock Exchange

High Grade Local

Investment Bonds

We Own and Offer the

Following:

Price
51/2%

$10,000 Det. Iron and Steel 5's, Due 1922-23
1 933
$15,000 Det., Monroe & Toledo S. L. to Due
1931
' r., 1)
$15,000 Eastern Mich. EdisonCo.
$05,000 Madison Realty Co. lot Mtge. 6's, Serially....,
$ 5,000 TwP, of Royal Oak, Sch. Dist. No. 5 5's, Serially.
$ 5,000 Detroit City Gas l'rior Lien 5's, Due 1922

91.

94
100
41/2%
971/2

Dansard-Hull-Bumpus Company


.
."
,..





' - '


Detroit, Michigin

o

■1111■■■■■1■■■■■11111■■■■■
1111 ■■■■■■■

— FOR SALE —

IN 400 Chnr000l Iron cont.

250 Voal Iron phi.
lumbla Sugar.
823 orarc
200 Continental cum.
'
38 Detroit ,Allmon.
100 Detroit Storttge coin.
15 Timken-Detroit.
50 Detroit Mortgage coin.

,- 1

200 }Wend Truck.
20 Pont of etillad.
300 Michigan Sugar.
100 Much. Smelting & Rein,
175 Pitige•Petrolt.
355 Packard tem.
230 Pawl Motor ear.
21 Detrolt Mortgage Wit.

O'Hara,, Ferriss & Co.



The "Real Inside About Oil Investments

J.W.Sibley & Co.

Investment Securities
1268 Penobscot Bldg.,

FIIISV P OLDDETROIT
NATIONAL BANK

AXLE

b o o k k e eper possessing
sound business judgment
with growing Detroit re-
tail firm. The prospects
of advancement are un-
usually great. Applicant
must furnish references
as to experience, ability
and character. Address
Box 382, Detroit Jewish
Chronicle, 1334 Book
Bldg.

front

economy.
While there is still a memory of
Detroit's recent wind-storm in which
many roofs were destroyed and badly
damaged, it is interesting to note that
not one complaint received re-
garding "BARCREST" shingles
either being blown off or destroyed.
This is undoubtedly due to the prep-
arations used in treating the shingles ,
also the proper application which
holds them with galvanized nails
tightly to the roof or sidewalls, as the
case may be.

RAGTIME TAUGHT, also Classical
Music, according to modern school.
Miss Helen Krause, 220 Medbury
Ave. Northway 3436.

BEAUTIFUL NEWLY FUR-
NISHED rooms for Jewish girls
and couples. 73 Fernwood ave.
Grand River car. Garfield 1311-J.

LARGE. FURNISHED ROOM with
housekeeping privileges wanted by
young couple. Phone Northway
3395-NS' after 6 o'clock.

room. Large,
TO RENT—Furnished
airy bedroom in private Jewish fam-
ily. All conveniences. Location
accessible to all car lines. Call
Northway 3395-W.

TO RENT—Furnished room. Private
family will rent to refined gentle-
man. Reference required. Call
Northway 5l74-W.

CALL MRS. JOSEPHINE JA-
COBS, 98 Watson street, Cadillac
2043, for books suitable to every occa-
sion. Agent, Milwaukee Cook Book.

Detroit, Mich.

The earning capacity for the last four years has
averaged more than 90 per cent.

The last yeat's earnings were at the rate
per cent.

of

100

A reduction in the par value of the stock, to $10,
has already been Noted, and the new stock will be
given wide distribution.

The product of the Timken-Detroit Axle Com-
pany Is favorably known htroughout the world, but
the brilliant record of the company has been kept
from public recognition because the stock was
closely held.

Taking the pulse
of your business

A business might be getting
along moderately well—but yet
there's a retarding factor some-
where; it is not making the pro-
gress that the prosperity of the
times warrants.

Our specialist will be pleased to furnish you with
complete information.

A. W. WALLACE & CO.

Perhaps some department is
not paying.

Member. Detroit Stock Exchange

Penobscot Building
Cherry 2800

Only through analysis by an
organization skilled in systems
and accounting can stimulus be
given to the business pulse that
beats too slow.

qe4.

Certified Public Accountants

Complete Investment Service

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

e=o= ==lonozioxmoz==oz zoi===losao,

I

WE OWN AND OFFER SUBJECT TO
PRIOR SALE

1
1

basis
o State of Michigan Highw'y 41/2's, due 1934 . 4.25%
. •
. -
4 35% basis
City
of
Detroit
4I/2's,
due
1948
_
4 75% basis
Mansfield, Ohio 51/2's due Serially
Members Detroit Stack Exchange
Mingo
County,
W.
Va.
5's
due
Serially
...
.4.807o
basis
Cherry 829
o
Second
Floor,
Dime
Bank
Bldg.
Douglas School Dist. No. 27, Arizona 6's due
in
ussoussissmusii U
% basis
5°o
o
towimu mommumsaussomm
10%
basis
5
Jerome. Arizona 6's due Serially
We also have a selected list of Corporation Bonds,
yielding from 6% to 81/2%.
o
This interesting and instructive booklet will be
0 o Foreign Money—Bonds—Exchange Bought and Sold
sent to investors upon request.
Ask for Booklet A-2.

• •


, !

GOOD OPPORTUNITY
FOR YOUNG MAN

1524 Dime Bank Bldg.

ill


II O

CLASSIFIED

D. M. Woodruff & Co.

■■

.-

TIMKEN=DETROIT

ments.
Further details of this company will be
furnished upon request.

IN


U •

D

Charcoal Iron Company

MAIN 3410.

lave also been popular.
The events of the week have been
-cry encouraging, the settlement of
he coal strike being most important.
An unofficial committee composed of
nembers of the contending parties in
Washington is at work endeavoring
o effect a compromise on the peace
lad. This fact, coupled with the an-
icipatcd relief in the foreign ex-
change situation, are factors which
promote confidence in a stronger
market.

On Monday the Detroit Stock Ex-
Another instance of success by one change moved into its new home in
the
Penobscot Building. Trading has
of Detroit's manufacturers is the won-
been brisk all week. Continental was
In the recent consolidation of Dan- derfully successful growth of the
in
constant
demand, several thousand
S. Barber Cre-Sote-Stained Shingle
sard, Hun & Company and Bumpus
shares changing hands. The an-
Company, two of Detroit's well known Co. business in the past five years.
investment houses, under the name of
Some 35 years ago, Mr. Barber, nouncement of the reduction in the
liansard-dull-Bumpois Company, the then a young man, entered into the par value of Packard Motor common
city of Detroit sees the beginning of building field and after a few years was productive of increased trading
a new investment banking firm with in this line discoverd there were many in this security. The Sugar stocks
increased facilities to handle invest- different types of roofers, but no
ment issues of corporation and mu- shingle rooting contractors, and that
nicipal bonds or stocks in large there was an urgent need of con-
amounts. The company, being incor- traw.tors who would specialize in this
porated tinder the laws of Michigan, type of roofing.
started lousiness on May 1, 1919, witti -Then anerihere lie began exclus-
mikes at 3114 New Telegraph buitil- ively shingle roofing, renewing roofs
ing. They had outgrown these quar- and placing new roofs on homes.
ters ill four months and moved their During the 14 years as a shingle
O
quarters to the ground floor of 47 roofer the question of a permanent
National bank protection for your
Congress street, west, where they arc material entered into his thoughts,
and being a man of economical ideas
now. located.
savings; the highest possible type of
The firm of liumpus & Company he gave considerable thought to the
service and co-operation on commer.
has been in existence ill the city of subject of providing a roof that would
dal accounts; and, If you desire to
Detroit for the last fifteen years and give at least some fair return for the
send money or .lo bu.iness overseas,
1..1%e made a specialty in the handling money expended.
securities.
'rills
firm
has
During
this
period
ill
which
he
re-
municipal
a world-wide connection that assures
iiitighl. direct front municipalities and paired thousands of roofs he con-
O
satisfaction; these are Just a few of
1
. o ld to investors over $25,000,0 00 stantly Caine in contact with all
!.,f
the advantages you gain by doing
worth of bonds without ever having classes of roofing material and found
business with this bank.
turned down a contract with a munic- that there was one roofing that was
1111111111 WTI
ipality or a dollar's loss in principal really practicable at an economical
kltiMO,Litil/ 0
or interest to the investor.
figure, viz., red cedar wood shingles

Through the acquisition of Ilumpits which would give a life of approxim-
& Company, the new form Will have ately 25 to 30 years, as against an
Capital and Sur.
the advantage of having Mr. Kirk G. average of other grades of 12 to 15 U
plus $7,500,000.
O
liumpus act at the head of their Mu- years, except slate or tile, and these O
M
well
as
issues
in
the
slate
as
he found that while the material was
nicipal
other states throughout the union. permanent, slate was very apt to
The personnel in officers will he as check through the winter months on
follows: NIr. James C. Ileaskt, Pres- .count of snow bl owing
Odent; Mr. Benjamin 1 ausari , '.
NIr. Kirk G. Bounties, Vice- ' e'lg"
of freezing
the slate, in thawing
during
and
the night,
and the
in- O
president;
as slate hail no fiber it could
president; \I r. Charles Is. nun . Sec- ',smooch
',
retary-treasurer. The Board of Di- not be resistant without chipping or
O
rectors will be composed of the four breaking.
and III
Tile was considered rather expen.
officers as above mentioned
f
o
ng,
li
ster
.
c
O
adait i mr. m
sive and the roofing, construction was
11121BER FEDERAL RESEW 111M:
Nionroc; Mr. F. C. Hodder, of To- necesarily built stronger, so that the
I
average
people
found
it
necessary
to
Rob); Nir. Chas. 13. Davis, Detroit;
'average
Detroit;
Mr. Henry M. Zimmerman,
I direct their attention to other fields
: for some form of roofing that would O
Mr. Frank Temple, Detroit.
NIr. Dausard and Mr. Hull will con- lie economical and yet durable.
10=0=== 0=01===101:10=I0C1.0
Prompted by this reasoning, Mr. 0 012:101
Rune no the active detail management
he Barber took up the study of cresosotc
of the business as ill the past, both'
and color treatment, us-
gentlemen being active also ill the
placing of securities with the clients _ ng
i only relined and deodorized creo-
fr•
s
and
the
very
best chemically pure
of the firm throughout
the both
city. a
thotsard and \1r. thou have
'colors
had
'colors in linseed oil. This, after much
'
tell years' experience in the invest- study, developed into as permanent
meta business, having represented a stain as could be manufactured by
outside firms in this territory, and 11311. 'file objection then arose as to
their experience ill selling having '1 the odor front creosote about the
taken them all over the State of Mich-11 come and a lengthy study was made
igan as well as covering the territory of this subject. Mr. Barber's final
ill and around Detroit. Mr. Frank I analysis after years of research de-
Temple will be active manager of the o veloped a creosote by distillation
__._. which removed the obnoxious odor
Stock Department.
and at the same time did not injure
the value of creosote or his process
which is used to preserve the life of
the shingle.
Our specialist In this stock recommends its pur-
The fact that this creosote treat-
chase NOW. We believe it will be much higher
mein extends the life of a red cedar
shingle roof from forty to fifty years'
very soon, for the following reasons:
Excellent position is now
,twic e leconnuended it to the home
owner as the logaical roofing both
open for an experienced
• The present vook value is over $400 a sintrlf,'
the standpoint of durability and

1 o

Ground Floe•, Union Trust Building
Cor, Congress and Griswold Streets
DETROIT, MICHIGAN

111•••••11

'
S. BARBER DEVELOPS
The Statistical Department of O'Hare,
CREOSOTE WOOD SHINGLE
Ferriss & Co.

=0 POI=O===1011=01===001=0 = 00
a

Can you think of a more suitoible or more sensible gift for Christmas
than a dependable bond?

47 Congress St. West

H.

11

Members

Bonds and Notes

—OF—

P. S. Government
Foreign Governments
Municipalities
Railroads
Public Utilities
Industrials

N. Y. Stock Exchange
N. Y. Cotton Exchange
Boston Stock Exchange
Chicago Board of Trade
Chicago Stock Exchange
Minneapolis, C. of C.

Painr, ltirhbrr nub Ca.

140-148 Penobscot Building, Detroit

0

The Matthew Finn Bank 11

Detroit, Michigan u
1182 Griswold Street
n
0 0 1:=01===0
1 =0=10=0=====0=0====0=0:

MAIN 5766

Boston, New York, Chicago, Philadelphia Albany, St. Paul,
Minneapolis, Milwaukee, Duluth, Worcester,
Grand Rapids, Calumet, Houghton.

1

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