AMAMI' fan* Pa ified eitkr
r • I
ssist
TE FINANCIAL WORLD
Err GOOD MARKET HERE
FOR FOREIGN BONDS
The recent arrival in this country
of a rather large consignment of
European bonds, including many of
7% FIRST MORTGAGES
PROPERTY
WEEKLY MARKET REVIEW
Furnished by the Statistical Depart-
ment of O'Hara, Ferriss & Co.
ON HIGH GRADE IMPROVED
Why receive only G''s when we will place y our money on the best
During the past week optimism has
grade of Detroit real estate„ with new houses on, In beat residential
asserted itself and operators
districts and net you seven 171 per cent, payable semi-annually, with
the enirmati imperial liar issues as again
are now generally (Si the opinion that
principal and interest collected and guaranteed by us,
well as a umber of licrinan municipal ,,,,,,t of th e h a d n e ws is knolls and
for
You pay more for your living expenses --why
securities, has stimulated interest in that a Min market may lie expected
your interest money? JUST SEND YOUR MONEY IN,
thev,hoilds considerably, an d during They
They contend that until production
Seven Per Cent,Interest and Absolute -safety
up with consumption--
thi.31astlen; days dealings iii thy•k•ier;.-flias
Call or Write Ads About Safe Investments.
Mall bonds alone have been in the until the enormous atiropUt id• out-
Bond Department
neighborhood of 1,000,000 marks face standing war credits is cleared away--
high
rate
value, according to bankers who have and as lung as the present
been specializing in them, says hlat- of taxes continue, prices ahuuld hold
lievy 1•11111, banker, of 8-1 Griswold up.
The Million Dollar Housing Corporation
street. There has also been fair ac-
'Ike motors and sugar stocks have
Detroit; Mich.
Main 2530
143 Griswold St.
tivity in French and Italian bonds, been very popular, with Continental
both government and municipal, but leading the list,
Fill out this slip and we will till you all about 7% mortgages:–=
hloney has maintained a steady
in these latter the volume it is said,
Gentlemen:—
has been somewhat lighter than in tone, and this has been a potent fac-
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Kindly tell mo all about your 7% mortgages.
the German securities.
tor marketwise.
Name
—
Bankers who have been handling
'
Address
these European bonds say that the PEOPLES BANK SETS RECORD.
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best demand in the last few days has
been i" the g" 0141 0,0001 1)alc 010, '; The statement of the People's State
stmts. The -P.., per cent bonds of Bank for November 17 shows re-
Frankfort, the 5 per cent' of Leitisic so „„.,,,, ( ,f $124,161,580.29, ml total
De - -
and the 4 per cent bonds of Berlin,
they say, :ITC being eagerly sought by which breaks all records for any DC
essetweers
Member, Detroit Stock Exchange
Ill ,. estors here. who expect not only. troit banking institution.
, to reap a profit on the enhancement DOUGHTY ANNOUNCES
in the price of the bonds, but also
FRANKLIN 1-TON TRUCK
_,__
a very much larger profit on the for-
eigti exchanges operation. As a mat-
N\'. J. Doughty, local Franklin
ter of fact, these German municipals dealer, 649 Cass avenue, has just re-
'cry class to P
ar, s" fa' ceived notice from the factory that
are ' fling-
$ 1 as the mark linen of the bond is con- the Franklin One-ton truck is now in
cerned, but when this mark price is production and will be ready for de-
translated into terms of American livery bi fore next Fall.
dollars, the discount on them becomes
very heavy.
Jack Montgomery Again Heads
The potential profits on these bonds
Franklin Used Car Department
is l'1101- 1110lIS. Bonds which now cost
anywhere from $35 to $50 for 1,000
'marks, will be worth many times
\V. J. Doughty, Franklin dealer, 649
% that price if the German mark ever Cass aconite, annomices the return of
goes back to anything like its nor- rick 'Montgomery . , former manager of •
11,
mat parity. ' lime par of German ex- his Used Car Department, who re- 1111••••••••••••••••••11111••••••••••••••••
WE HAVE FOR SALE:
change is at 23.8 cents per Mark. signed during the War to enter the •
20
Ford
of
Canada.
100 Bower Roller Bearing.
Thus for 1,000 marks, the parity service of the Ordnance Corps. hlr. •
100 Hayes site,
ID liankers Trust.
would be $23h. Even if the mark Montgomery says he is glad to get .
to Liberty Motors.
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300 charcoal iron common.
100 Michigan Sugar.
should recover only 40 or 50 per cent back "home" again, and his happy I•1
115 Columbia Motors.
■
100 Michigan Smelting common.
of its liar value, the profit on the smile indicates the fact. Ile will be ■ Sr11 Continental Motors.
20 Michigan Smelting preferred.
.
NO cities Service preferred.
bonds would still be very large. This glad to see his old friends.
Dia Noble 011 common,
I
MI Cltles Service Bankers she.
.
profit on exchange, added to what-
25 Packard Motor common.
wi 230 Denby Truck.
200 Paige Motor.
100 Detroit Storage commercial.
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ever enhancement there may be on
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Axle.
10
Timken-Detroit
100 Detroit Storage common.
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the bonds themselves, makes the ven-
10 White Star Line.
. Iso Detroit Storage preferred.
ture attractive to many Americans,
100 Wolverine Cement,
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III 200 Edmunds & Jones.
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and bankers here who deal in these
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securities are preparing to handle a
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much greater volume than the market
New York—The world lives in a
Members Detroit Shock Exchange
,
II
now affords.
fool's paradise based upon fictitious
A good many Americans who de- wealth, rash promises and mad illu- •
sire to gamble in foreign exchange sions, declared Paul M. Warburg, for-
are said to ',refer this method of in- merly vice-governor of the federal re-
vesting in European bonds, to the serve board, in a statement issued on
ordinary method of speculating. his return from Europe last Tuesday
which consists of buying a bill of on the steamship Nieuw Amsterdam.
exchange on Berlin, say, having it
He has traveled in Europe the last
chnaged into marks there and then, three months, studying the financial
depositing the proceeds in a Ger-
situation abroad.
man hank. Under that system, it is
"The disease is world-wide," he
thought, there Would he very little said. "It is spread too far to enable
chance for loss of principal if the us to deal with it as a whole. We
funds were deposited in one of the may agree on the principles on which
great Berlin banks, but it is not al-
it must be fought, but each country
ways possible to have the funds de- will have to be treated in accordance
posited. If the deposit should hap-
with its own particular conditions.
pen to get into a small and unre-
Besides Paul Warburg, the Nienw
liable institution there is the possi- Amsterdam brought his brother, Fe-
bility of the failure of the bank or lix, who as a member of the joint
some other contingency, which would
committee of the Jewish Welfare
endanger the whole operation. By
board. made a six weeks' tour of Hol-
buying bonds of the great city or of
land, Germany and England.
the empire, the changes against dam-
age to principal is thought to be
minimized almost to the vanishing I RABBI GETS PERMIT
point.
TO WEAR BEARD
not get more
Bankers Land and Investment
Corporation
ny
MATTHEW FINN, Banke
Main 6104
82 Griswold Street
Specialist in Michigan Municipal Bonds.
All issues of Detroit Edison Stock or Bonds and D.
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.
'AXLE
;
LL
Paul Warburg Says World
Living In Fool's Paradise
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O'Hara,, Ferriss & Co.
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Cherry 829 •
immoommay•wominomommoo••osommonomowsi
a Second Floor, Dime Bank Bldg.
WE OFFER
ng mar-
above
...Jul con-
.sts in our
sed to furnish
iation and quo-
-s in all security
orders will re-
ntion.
,ACE & CO.
Stock Exchange
Building
• 2800
,ENGTH
bank depends upon the character
s well as upon the ex-
is directorate a
at of its resources. The men corn-
,rising our Board of Directors are ex-
perienced and successful business men
afely entrust your
to whom you can s
financial interests.
of this bank, keeping
They administer tin
always uppermost 0 e interests of its depositors,
Madison Realty Co.
1st Mortgage, 6% Bonds
Due Serially
July 1st, 1920, to Jan. 1st, 1930
Principal and Interest payable at
Security Trust Company, Detroit.
Secured by Property Valued at over twice
the amount of bonds.
The Ukraine Government is en-
1VARSANV.—The large Jewish
cleaving to introduce discipline into
townlet, Smolevitch (near Ilinskl,
the regiments which participated in
suffered severely during the last bat-
the Jewish massacres. It has also
organized regimental committees to tle between the Poles and the Bol-
combat the pogrom movement. The sheviks. The best part of the townlet,
Poalei-Zionists formed Jewish Self- including the houses of the wealthy
residents, were destroyed by a fire
Defense Companies in l'kraine.
which broke omit during the conflict.
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The great library of Rabbinical books
An independent Othodox Jewish belonging to the Rabbi also perished
educational system With an Orthodox in the course of the conflagration.
Jewish board of education, buildings After the battle, the troops followed
and complete equipment for children tip the destruction by plundering
now cared for in other institutions g,.ods belonging to Jews. The 1'n-
will be established in Chicago next lish
also repeated the beard-
year. For this 11111- 1,0SC $40,00 is be- cutting exploits there, and Rabbi
ing raised by the Orthodox Jewish Abrainski, from fear of losing his fine
Charities.
long heard, obtained a written per-
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mit from the Polish Commandant to
The \Vest End Young Ilen's He-
wear a beard. The most character-
brew Association of Boston, Mass.,
istic feature of the permit is the state-
is now back to its headquarters on
ment that it is only a temporary
ount Vernon street. which during
license ,which has to be renewed from
the war were occupied by the Jewish
time to time.
Welfare Board.
American Jewish Relief Far-Reaching
TAX FREE IN MICHIGAN
PAR TO YIELD 6%
WRITE FOR CIRCULARS
Dansard-Hull-Bumpus Co.
47 Congress St., West.
Detroit, Michigan.
Members Detroit Stock Exchange.
Main 3410.
IT
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1
Never was the extent of Jewish Relief Work well pictured as was done
in a sheet of figures which the Central A.lief Committee is issuing to its
constitutents. The figures represent the monies appropriated by the Joint
\ ;bistribution Committee, which is the distributing agency of funds collected
‘
ey
", khis country for the relief of our suffering brethren across the seas. Th
a period from January I, 1919, till October 31, 1919. The sums appro- 0
t' '.,,
priated total the great amount of .$9,265,g74.73.
are
.1 \'k manner in which the appropriations for the various countries spe-
,, The loot
Distribution Committee has a
arrivei . , \,. i i , interesting
.
cial con,,;,\" for ach country. 'f he needs of the country are judged by
reports rec,,,,,,t iron, , 1 ,,, Committee's representatives abroad and from the
local comnivAt.,
.1 Hi serve the headers of the Jewish communities.
Every repork,, v t t n ent is very closely considered and investigated;
. e con- O
-
a e 1 , . As
nothing is take% " k s granten
s soon
as time
sub-committees have
'
eluded their lab;n%'4 , fl+ey report to the whole body of the Joint Distribution
Committee and ma s sekt,e ir recommendation. it is not long before the money
needed is on the yeci .,%, qad, where it is distributed by responsible persons.
Reports of monn vtiveibuted together with receipts are sent periodically
by the Joint Distribute s CAinittre which in turn, is responsible to all other
committees in this country,
first Jews have good reason to be proud
of their relief work. They Ma e
torganization
i
held through the
of the Central Relief Comsimet \fisrSst
a fter m
in th b er, 191 4,
Se e ptem
O
National bank protection for your
savings; the highest possible type of
service and co-operation on
anal accounts; and, if you desire to
send money or 4o business overseas,
a world-wide connection that assures
satisfaction; these are just a few of
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the advantages you gain by doing
business with this bank.
U
both saving and 0,11111-N..11
Capital and Sur-
plus $1,500,000.
O
F
IR S
STATE BANK
or
DETROIT
Griswold and
Eight
Lafayette
Convenient Branches
The "Real Inside" kit Oil Investments
This interesting and instmcirmbooklet will be
sent to investors um tto gegt,
Ask for Booklet Al
Ikhtict,
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,
O
O
RIIST/OLD DETROIT
NATIONAL BANK
•
J.W. Sibley &Co.
Investment Securities
1268 Penobscot Bldg.,
O
comfier.
Mil DER FEDOIALRESTRVE
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