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THE DETROIT JEWISH CHRONICLE
al
sta
IN THE FINANCIAL WORLD
TAX FREE
Michigan Municipal Bonds
List
Arenac, Mich., Hgh. Imp. 5% Bonds—
Price
Dated September 2, 1919, due serially May
I, 1921 to 1929. Assessed valuation $7,-
263,235; total bonded debt, $60,000; pop- 5.10 %
elation, 20,00
5.125%
Big Creek and Mentor Union School Dist
Mich. 5 1/2 % Bonds—
Dated September 20, 1919; due serially
March 20, 1926 to 1934; assessed valua-
ation $986,490; total bonded debt, $30,-
000; population, 1,500
5%
Oakland Co., Mich., Hgh. Imp. 5 1/2 % Bonds—
Dated June 2, 1919; due May I, 1928; as-
sessed valuation $89,481,962; total bond-
ed debt, $1,033,000; population, $8,000 . 51/4%
Royal Oak Twp., Mich. Sch. Dist. No. 5, 5%
Bonds—
Dated Dec. 1, 1919; due December 1, 1920
to 1924; assessed valuation $1,076,950; to-
tal bonded debt, $81,600; population, 2,500. 41/2%
losco Cuonty, Mich., Hgh. Imp. 5 1/2 % Bonds—
Dated Oct. 15, 1919; due serially May I,
1921 to 1929; assessed valuation $5,099,-
780; total bonded debt, $69,840; popula-
tion, $12,750
51/4%
Dansard-Hull-Bumpus Company
INVESTMENT BONDS
47 Congress St. West
Detroit, Michigan
MAIN 3410.
DIVIDEND DISTRIBUTIONS
IN 1919.
By corporations listed on the Detroit
Stock Exchange.
Dividend Distributions In 1919.
By corporations listed on the Detroit
Stock Exchange.
Compilation made under the direc-
tion of the office of the Secretary of
the Detroit Stock Exchange by the
statistical department of O'Hara,
Fer-
.
riss &
Company.
Acme White Lead & Color
Works, etor.
I :0 4: 0 55 00 4 .z
Do., pfd.
American Chicle, pfd. Trac- 480,000.00
• American Light &
tioio..
n t Co pi d. con ,•
4 119 900.00
854,122.00
Amer. Public Utilities, pfd. 1,200,000.00
Bower Itoller Bearing Co
9,000.00
Burroughs Adding Machine
Co.
1,320,000.00
Charcoal Iron Co. of Amer-
ica, com.
56,787.00
Do., pfd.
156,517.00
'Cities Service Co., cm
15,648,082.22
Ito., pfd.
4,221,822.00
Columbia Sugar
Commerce Motor Car Co
3 32,000.00 0
Commonwealth By., Power
& Light, pfd.
1.077,180.00
Contilin .e.nt p afi d.Motor Co., corn 943,966.76
Detroit & ,Cleveland Nevi- 225,540.00
gallon Co.
193,176.00
Detroit Creamery Co.
141.000,00
Detroit Edison Co
2,016,584.00
Detroit Iron & Steel Co ,
1 7 2 5 :1 0 0 0 8i 0 6 0 4
' Mr, Pfd.
Detroit United Railway 1,200,000.00
'Detroit Valve & Fittings
Co.
209,064.00
Edmund & Jones, corn
40,000.00
Do., pfd.
64.120.00
Federal Truck
270,000.00
Ford
0 :r . Company of
Canada
2,450,000.00
General Aluminum & Brass
70,810.00
General Motor' Co., corn
9,224,796.00
General Motors Co. pfd
1,080,608.00
Hall Lamp Co. •
112.600.00
Hayes Mfg. Co.. cum
45,000.00
Holland. St. Lents Sugar Co. 240.000.00
Iron Silver Mining Co 2.000,0110.00
S. S. Kresge Co., corn
600,000.00
D
Dn.,
pfd.
140,000.00
Linderman Steel, corn
108,000.00
Michigan Drop Forge, com,
211,250.00
Do., pfd.
17,500.00
Michigan Stamping Co ,
co m-
663,000.00
Michigan State Telephone
Co.
180,000.00
Mich.il l o an . Sugar Co., corn
709.754.50
d.
Mlles-Debit Theatre Co
2 4 2 3 2 .7 2 5 1 0 . 0 0
MInenota Sugar Co.. com 119,580.00
Do.. pfd.
41,853.00
J. w. Murray co
1 64,000.00
National Grocer Co
120,000.00
Do.. pfd.
45,000.00
Chas. F. Noble Oil & Gas
co., PM.
180,000.00
Packard Motor Co., corn.
1,417.611.60
1,085.000.00
PaigD
elD pfd, Motor Co
150.000.00
Parke, Davis & Co
2,367,166.00
Prudden Wheel Co.
112.500.00
Reo Motor Co
693,725.00
Protten-Dilion Co
80,000.00
Studebaker Corp., com
1.200.000.00
Do., pfd.
True-Con Steel CO.. corn.-247,181.66
76
Do., pfd.
100.953.30
White Star Line
62,600.00
Total
HARRIS, SMALL & CO.
$52,386,822.56
BANKS & TRUST COMPANIES.
Desires to Announce that
CARROL H. LAWSON
Formerly Bond Officer of the
PEOPLES STATE BANK
DETROIT
American Loan & Trust Co.
24,000.00
American State
30,000.00
Central Savings
60,000,00
Detroit Savings
Dime Savings
130,000.00
130,000.00
First & Old Detroit National 500,000.00
First State
40,000.00
Highland Park State
160,000.00
Merchants National
60,000.00
National Bank of Commerce
80,000.00
Peninsular State
300,000.00
enplen State
200,000.00
tilted Savings Bank
60 000 00
Wayne County Home
450,000.00
Detroit Trust Co
130.000.00
Guaranty Trust
;9,500.00
Security Trust Co.
60,000.00
Union Trust Co
80,000.00
2.548,600.00
Grand Total
Will Become a Partner
AND THE FIRM NAME WILL BE CHANGED
-- to —
HARRIS, SMALL
and LAWSON
INVESTMENT BANKERS
44 Congress Street, West
During the past week the market O
has somewhat recovered from the
spell of inactivity to which it was sub- 0
ject. during the last days of Decem-
ber. :Rotors, Public Utilities and
Sugar stocks are- in strong tifinane.
Among the motors, Continental and
Packard have been the favorites, shar- O
ing their popularity with Reo, Ford of
('amnia and Federal. American Light
Of Traction, Edison, Charcoal Iron and
Columbia and 311chigan Sugar have
also attracted considerable attention.
Money is again at a convenient
level, and best opinion is that until
the production of local Industries is
space with the demand for their pro-
(Picts, the local list will retain Its
present strength and tt gradually
strengthening market may confidently
be expected.
"Franklin" Proves Merit
On Coast to Coast Test
There is not very much about
transcontinental touring, with its
varying road conditions, cooling prob-
lems, tire troubles and other fortunes
and misfortunes that the average mo-
torist can tell E. D. Meade, of
time the water-cooled car did a little
better, making 11.3 miles per gallon.
The brothers decided they ought
to get better than that, so bought a
Franklin, and on the first jaunt made
18.6 miles per gallon. In addition to
that, the Franklin offered tire
troubles entirely negligible, the set
running 30,000 miles, including the
round trip to the Pacific. Two of the
tires had the original Connecticut air
in them when they were removed.
Small wonder that the two decided
to use the same Franklin for this
year's trip after such a record as that.
This year's gasoline mileage was 18.5
miles per gallon. The only tire
trouble came when the car picked up
two nails.
JAFFA.—The Co-operative Bank in
Jaffa (Kuppat Am) has received per-
mission to increase its capital to
10,000 pounds (from 5,000 pounds) and
will open a branch in Jerusalem. The
bank was only recently founded, and
has made excellent progress.
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.
Perhaps some department is
not paying.
Only through analysis by an
organization skilled in systems
and accounting can stimulus be
given to the business pulse that
beats too slow.
REAL ESTATE
Local and Long Distance Phone Cherry 2683
Common Stock
1319 DIME BANK BUILDING.
The above stock, now paying one per cent monthly dividends, in
our opinion, combines to an extraordinary degree the elements of safety
of principal, large and growing income return and practical assurance
of material advances in prices. Detailed reports will be furnished upon
request.
Write, Phone or Call
Our direct wire connections with New York Stock Exchange and
Curb Houses insure prompt and efficient service on orders in any mar•
ket in the country.
Our Statistical Department will furnish quotations, special reports
and unbiased expert opinion on any company or security. The ser-
vices of this Department are yours to command, without cost or obit.
gallon on your part.
WEBB, LEE & COMPANY
MEMBERS DETROIT STOCK EXCHANGE
PENOBSCOT BUILDING, DETROIT
PHONE CHERRY 6305
National Union Bank Bldg., Jackson, Mich.
c.ro mEr
9: 22rszamsuro
orgralElEr
al EIS MESISIESIXf
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Unsold orders at the close of business Wednesday
22 American Light & Tr.
50 Cities Service Pfd.
50 Cities Service Bankers Shs.
570 Continental Motors.
100 Denby Truck.
150 Detroit Mortgage Pfd.
30 Detroit Mortgage Cont,
riErIBER FE WRAC RESERVE BANK
il
FORD MOTOR OF CANADA
TIMKEN AXLE
PACKARD
PAIGE
LIBERTY MOTORS
FEDERAL TRUCK
CONTINENTAL MOTORS
We specialize in
these stocks and rec-
ommend them for
your consideration at
this time. We will
be pleased to execute
your orders in them,
and all other stocks,
in all markets.
A. W. WALLACE & CO.
Members Detroit Stock Exchange
Penobscot Building
Cherry 2800
Dime Bank Bldg. Cherry 271
Woolworth Bldg., New York
Benj. F. Mortenson Co.
Chas. F. Noble Oil Company
FIRST,OLD DETROIT
NATIONAL
eva:
is for sale or for lease, or if It will be soon let us know.
We are placing several of our clients every week and
have many more waiting. We have someone who wants
your property. Consult either Mr. Henry Decker, or
Mandel Meyers, Business Property Department.
Common Stock
plus $7,500,000.
Certified Public Accountants
If Your Business Property
Gladys Belle Oil Company
Capital and Sur.
JEWISH BANK IN JAFFA
INCREASES CAPITAL
Newspaperman Heads New
Neighborhood Association
EMEETE.U.F
O
National bank protection for your
savings; the highest posslblo type Of
service and co-operation crtitommer.
clad accounts; and, if you desire to
send money or lo business oversews,
It world-wide connection that assures
satisfaction; these are Just a few of
the advantages you gain by doing
business with this bank.
Orange, Conn., or his brother, A. N.
Meade, of New York city.
The two have completed their 4:1011:101= 10=01=10=01=1012X0==fo=
fourth round trip to the Pacific
coast. The first two trips were made
in water-cooled cars and the last two
in a Franklin. On the first trip the
gasoline mileage' was exactly nine
miles to every gallon; the second
Jerusalem will have a new Jewish
quarter between "Zichron Moshe"
and "Achva."
Detroit
O
Furnished By the Statistical Depart-
ment of O'Hara, Ferries & Co.
$54,935,922.66
W. A. Ratigan, advertising and
sales promotion manager of the
Braun Lumber Company, has been
elected president of the East Davison
Avenue Improvement Association. In
this capacity he will endeavor to
bring about the supplying of city im-
provements to a large new section in
the northeastern portion of the city.
He has made a reputation, as a news-
paper writer, for keen perception of
the city's needs, an.; was active in im-
provement of the city market system .
gil gt
WEEKLY MARKET REVIEW
"Stock dividend Included at par
ON JANUARY FIRST, NINETEEN NINETEEN
L ,
PAGE NINE
32
175
25
625
1500
750
350
10
Detroit Edison.
Edmunds & Jones.
Ford of Canada.
Michigan Sugar.
Noble Oil Pfd.
Packard corn.
Paige-Detroit.
Timken Detroit Axle.
O'Hara, Ferriss & Co.
Members Detroit Stock Exchange
Second Floor, Dime Bank Bldg.
Cherry 829
January Investments
Free From Personal Taxation
in Michigan
Peabody's, Ltd., First Mtge,
7% Bonds, at
Par
and accrued interest
Niles Gas Co., First Mtge
6% Bonds, at
95
and accrued interest
Michgian Stamping Co. 7%
Paiticipating Pfd. Stock
at
100 and accrued dividend
Berkey & Gay Furniture
Co., 7% Pfd. Stock, at 99
and accrued dividend
Paige-Detroit Motor Car Co.
7% Pfd. Stock, at
971/2 and accrued dividend
Timken-Detroit Axle Co ,
7% Pfd. Stock at
100
and accrued dividend
Detroit Gear & Machine Co.
8% Pfd. Stock, at
100
and accrued dividend
J. W. Murray Mfg. Co ,
8% Pfd. Stock, at
100 and accrued dividend
George M. We st & Co.
Established 18 93
INVESTMENT BANKERS
Union Trust Building
Tel. Main 1118