▪ 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