▪ 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 ■ ■ ■ ■ ■ • • ■ ■ ■ ■ ■ ■ ■ • ■ ■ ■ ■ ■ ■ ■ s ■ 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