PAGE NINE
THE DETROIT JEWISH CHRONICLE
TAX FREE
Michigan Municipal Bonds
Arenac, Mich., Hgh. Imp. ro Bonds—
List
Price
Dated September 2, 1919, due serially May
1, 1921 to 1929. Assessed valuation $7,-
263,235; total bonded debt, $60,000; pop- 5.10 %
ulation, 20,001,
5.1'25%
Big Creek and Mentor Union School Dist.
Mich. 51/2% 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. 51/2',to Bonds—
Dated June 2, 1919; due May 1, 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-
5 1 4%
tion, $12,750
Dansard-Hull-Bumpus Company
INVESTMENT BONDS
Detroit, Michigan
47 Congress St. West
MAIN 3410.
W. A. NEER HEADS
STOCK EXCHANGE
Members of the Detroit Stock ex-
change at their annual meeting in
the exchange rooms in the Penobscot
building Tuesday re-elected the or-
ganization's board of governors, as
follows: W. A. Hamlin, H. W.
Noble, William A. Neer, A. J. Nebe,
John F. O'Hara. \'alter 13. McLaugh-
lin and L. G. Gorton.
The re-elected governors at a sub-
sequent organization meeting, elected
officers as follows:. President, Wil-
liam A. Neer; vice president, H. \V.
Noble; treasurer, I.. G. Gorton. Jacob
Nathan is secretary, and C. I.. Mont-
gomery floor manager of the ex-
change.
The re-election of the retiring
board of governors is regarded by
members of the exchange as a strong
indorsement of the policy of expan-
sion which the old board inaugur-
ated, broadening the scope of the ex
change's operations and assisting it
to enter on a career of larger useful-
ness in the community.
Western Knitting Common
Listed on Detroit 'Change
One of the most interesting listings
on the Detroit Stock Exchange an-
nounced in sometime, is that which
comes out of Secretary Nathan's office
today. It is the common stock of the
Western Knitting Mills, Inc., a reor-
ganization of the Western Knitting
Mills of which Me late William If.
Yawkey was for a number of years
president.
The reorganized corporation is now
operating under the laws of the State
of Illinois and has outstanding 140000
shares of common, of no par value. The
market today for these securities is
around $24 or $25 and the outstanding
stock is widely enough distributed to
insure an active market.
The company of which the Western
Knitting Mills. Inc., is the outgrowth,
has been in operation for more than
thirty years. It manufactures knitted
wool gloves, mittens, socks, and hosiery,
under the trade name of "Big Four"
brand, and knitted wool cloth under the
trade name of "Wesmt." The mills are
at Rochester and Middleville, Michigan;
and gross sales have grown from ap- ,
proximately $1,500,000 in 1915 to $3,500,-'
()00 in 1918.
The mills at Rochester and Middle-
ville are appraised, with equipment, at
$1,176,373; total net assets, exclusive of ,
good will, are $2,622,795; net quick
assets, $1,339,218.
Among the officers and directors of
the corporatior will be found the liallICS
of members of Kay & Company of De- ;
troll, Investment Bankers, under whose
direction the reorganization was nego-
tiated. The list follows: President,
Joseph Weissenbach, Chicago; Vice-
President, Wm. C. Chapman, Rochester,
Mich.; Secretary and Treasurer, ('has,
H. Rockwell, Jr., Chicago; Directors,
Mr. Chapman, John Wilbur Kay, De-
troit; Wallace G. Kay, Detroit; Eugene
H. Smith, Bay City; Wm. M. Dickey,
Chicago; Stanley G. Miller, Chicago; I..
II. Patterson, Chicago; G. C. Strauss,
Chicago, and Mr. \Veissenbach.
A Last Opportunity—
To Invest in
Berkey & Gay Furniture Co.
7% Cumulative Preferred Stock
amino
I.,...ause of its many unusually attrtictive features, this issue has ap-
pealed strongly to conservative investors. As a result, only a limited
amount of stock remains available. We suggest that orders be tele-
graphed or phoned in at once.
ATTRACTIVE FEATURES
COLUMBIA MOTOR
TIMKEN - DETROIT AXLE
DENBY TRUCK
HAYES WHEEL
We wish to call your attention to
the stocks named above, as we be-
lieve they are worthy of your con-
sideration. at this time.
We have men who are specialists in these securi-
ties and they will be pleased to answer your in-
quiries. We will execute your orders in all mar-
The Company has never had any mart-
gage or lien on any of its property. There
is no isstn, of any kind ahead of this pre-
ferred stock, which is the senior issue of
the Company.
A. W. WALLACE & CO.
Members Detroit Stock Exchange
Penobscot Building
Cherry 2800
•
Do You Realize
That the Standard Oil Company's largest wells have come in on leases
which are surrounded by
Gladys Belle Oil Co.'s
Net tangible assets exclusive of good will,
designs and tradelnarks, amount to over
0324 per share; net quick assets amount
to 5265 per share.
Homer Louisiana Fields?
Interesting information on this company's stock will prove of value
to the prospective investor.
•
nods, *wan & Einuarbs To.
Members Detroit Stock Exchange
Detroit,
Mich.
GLADY'S BELLE OIL
Information And Statistics Furnished.
Our service In oil stoeks includes private wires to Tulsa, rikla., and
other important oil centers. as well as. New York, Chicago and Pitts-
burg markets.
C.
Beginning in 1924, 121/2 per cent. of an•
nual earnings will be used to retire or re•
deem the preferred stock.
This Issue carries our unqualified recom-
mendation.
Earnings are increasing rapidly, and for
1919 the net was about four times the div-
idend requirements. Over a period of
seven years, net earnings have exceeded
Orders may he telegraphed or telephoned
at our expense.
Price 99 and Accrued Interest
Circular Giving Full Information On Request.
W. G. Souders & Company
INVESTMENT SECURITIES
DIME BANK BUILDING
Detroit, Michigan
Chicago
Telephone Cadillac 6010
Grand Rapids
New York
Milwaukee
WEEKLY MARKET REVIEW. Carr--N
0=0 1• ■ •1 0=0
0=0=0=00
Furnished by
The Statistical Department of O'Hara,
Ferris. & Co.
Unquestionably the foremost figure
in the field of American letters today
—a brilliant writer, keen observer, de-
lightful humorist—is Mr. Irvin Cobb,
who will speak at Orchestra Hall,
Sunday evening, January 18th. The
subject will be "Made in America." In
the power to make his words scin-
tillating pictures of the thing he de-
scribes, Irvin S. Cobb has no peer
in America. As Ellis Parker Butler
puts it, "lie has a stereoscopic pen.
You can see around behind his peo•
pie, and you know they are alive. lie
shows you tb.., front of someone and
ou can see that the man has one sus-
pender button missing in the back."
The most interesting and altogether
human writer in the world, with the
biggeA theme in the world, his ap-
pearance here this season is the big-
gest lecture event of this season.
i0
After seven years' service on the
School Board of the City of Seattle.
Wash., Mr. Nathan Eckstein refused
to he reappointed.
Perhaps the most significant
remark in the report of a firm's
failure, or suspended business,
is that "the assets, liabilities or
losses will not be known until
experts have been on the books
for several days or weeks."
If experts had been employed
on the books while the concern
was "in business," records of its
failure might never have been
written.
Periodical, authentic audit is
the guardian of business.
Dime Bank Bldg. Cherry 271
Woolworth Bldg., New York
Properties in the
309-10 Congress Bldg.
34 Congress St. W.
Net quick assets will be maintained at
150 per cent. or more of the total out-
standing preferred stock.
°
0
National bank protection for your
savings; the highest possible type of
service and co-operation on commer.
cial accounts; and, If you desire to
O
M. DEAKIN & CO.
Members Dttroit Stock Exchanae
Telephone Main 5480
8014 Dime Bank Bldg.
REAL ESTATE
Factory Space Wanted
2.500 feet for Light Machine Shop.
5.000 feet far Heavy Duty.
7,500 feet for Manufacturers Agent.
10,000 feet for Manufacturing.
20,000 feet for Manufacturing Electrical Appliances
30,000 feet for Light Manufacturing.
If you have Space to Rent or a Building to Sell consult either Mr.
Menry Decker or Mr. Mandel :Meyers, Business Property Department.
U O
send money or do business overseas,
a world-wide connection that assures
U
satisfaction; these are Just a few of
!I
the advantages you gain by doing
I
mi11111 EGt f l'
business with this bank.
O
U 0
•
Capital and Sue.
plus $7,500,000.
IIIISV P OLDDETROIT
"NATIONAL BANK
U
O
ZIEMER FEDERAL RESERVE BANK
Irvin S. Cobb to Speak
Success only a short
Sunday. January 18th
step beyond failure 0 0=0=1 0 = 1=l 01=0 =0=0
at Orchestra Hall
kets.
Main
6020
times requirements.
The Flock Is exempt from Normal Federal
Income Tax and l'ersonal Property Tax
in Michigan.
The Ilouse of Berkey & Gay wits incor-
porated in 1873
Trading on the Detroit Stock Ex- I
change has been rather active during 1
Co s
• k and I •
the I •t
have been distributed over the gen-
eral list. The motor stocks have been
in constant demand, and sugar securi-
ties have also been popular. I oldie
Utilities were prominent during the
past few days, and there have been
several recent trades in bank stocks.
At present the demand for oil stocks
is quite noticeable.
Opinion is generally optimistic
among local investors. The steps
which are being taken towards set-
tling the peace pact are encouraging.
Reports from local manufacturers are
indicative of a prosperous period
ahead, and best opinion is that the se-
$35,000,000 for Ukraine Jews
Judge Fisher Heads Commission curities listed on the Detroit Ex-
change will maintain their present
CHICAGO—Judge Harry M. Fisher strength.
of Chicago, and a committee of the
Jewish War Relief Fund of America INFLUENZA EPIDEMIC
left New York January' 10 for Kiev
GRIPS WARSAW
Learing a gift of $35,000,000 for the
starving jcos of Poland and the
Warsaw.—Warsaw is in the grip
Ukraine.
of a serios epidemic of influenza. It
Judge Fisher is now in New York, is estimated that there are an average
where he will be joined by two New of 200 deaths daily due to this cause.
York men, members of the committee.
LIBERTY MOTOR
1111
gl sh
IN THE FINANCIAL WORLD
stA gt
0=1
Courtesy
—to patrons—is demanded of every
individual in this institution. It is
not just "one of the rules"—it is
THE RULE, which we insist that
everyone connected with this bank
keep always uppermost in mind.
The splendid, helpful service
which characterizes this bank, would
count for nothing unless it was
cheerfully an dcourteously rendered.
Courtesy is the human principle
that governs our business policy.
'''1111S
BANK
STATE
• OF DETROIT
Established
1853
Griswold and Lafayette
Nine Convenient Branches
1 1
Benj. F. Mortenson Co.
1319 Dime Bank Building
I.ocal and Long Distance Phone Cherry 2613.8
j-,Acer..c.zer=e.r...eoc.actooccoocoeco
CHRONICLE WANT ADS PAY