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