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April 09, 1920 - Image 12

Resource type:
Text
Publication:
The Detroit Jewish Chronicle, 1920-04-09

Disclaimer: Computer generated plain text may have errors. Read more about this.

THE DETRO11 ' JEWISH • CHRONICLE

PAGE TEN

IN FINANCIAL DETROIT

41 gh

00=10=0001===10000 0=0= 70=0 TIMKEN-DETROIT AXLE
• AMERICAN TELEPHONE CO.
•.CO. SECURITIES GO ON !. HAS MANY STOCKHOLDERS
o
a
LOCAL STOCK EXCHANGE Lansing, Mich.—Some very inter-

O

U.

National bank protection for your

savings; tho highest possible type of
service and co-operation on commer.

clal accounts; and, if you desire to

send money or do business overseas,
a world-wide connection that assures



satisfaction; these are just a few of

O

tee advantages you gain by doing

business with this bank, •

O

U

o -
n

FIRST.%•"0 LI) DETROIT
NATIONAL 1113iii

0

MEMBER FEDERALRESEIWE BAXli

000, through Israel .tiilhersteiti, presi-
dent Baltimore branch; Albert Rosen-

lilass, $5,000; Harry Fischel, $5,000;
H. F.. Bralower, $5,000; Morris Asof-
sky, $5,000; Leon S. Moisseiff, $2,000;
: esting figures have just been an- john L. Bernstein, $2,000; Abraham
One of the most, important listings; minced ssn the number of sharehold- Herman, $2,000.
blneis of the American Telephone &
of recent years on the Detroit Stock
Exchange is announced by the office I Felegraph Co., showing that the stock CHRISTMAS CUSTOMS
s
of Jacob Nathan, Secretary. Timken. II very largely owned in small blocks,
HAVE JEWISH ORIGIN
Detroit Axle Company securities win: \ veil scattered all over the country,
The custom of presenting Christ-
go III the board Thursday, April 801, ncluding Nlichigan, Probably it is
O I 1920, the application having received 1` sated, there is no other public Wil- mas boxes is essentially a Jewish
ale, and is derived from the Purim
imanimons approval of the Board oil' ly. the shares of which are so wide-
festival, the word 'Purim" being the
Governors of the Exchange. The list- • y held among the People served di-
Persian word for 'lots," and lots, or
urg .will he of the corporation's out- r ectly by the utility.
At the close of the past year there parcels, or boxes of gifts, were be-
standing $3,000,000 of common stock,
stowed upon the poor during the
par value $100, and 85.000,000 of 7 per vere 120,460 shareholders of the A. T.
& T. Co., those holding less than IOU Purim festival in commemoration of
O cent cumulative preferred.
shares each numbering 111271, while the most important incident an the
The financial statement of the com-
.
ur More than one-third, held story of Queen.
pany,
party,
ni
with the app 'cation 4248,
The custom (if partaking of the
for listing, discloses assets of $22,- five shares or less, each. About three- Christmas
is decidedly Jewish,
quarters
of the shareholders held 25
697,213, )vith a surplus, at the close of
shares or less, each, and the average • and from ancient times has been as-
the year 1919, of $10,175,579.
sociated
with
the
Feast of Dedica-
',umber of shares held by all stock-
•: The remarkable development of the
holders' was 37. • tion IC hantikahl, whilst the inevit-
corporatism ; however, from the invest-
able plumb pudding is only a glorified
ment viewpoint, is best reflected by
"chat: ( ' known as "kotilish," bread
its wonderful dividend record since
stinted with raisins and sweetened, a
organisation in 1909. The investing
cake reserved' for • the Great 'Sabbath
public will be interested to learn that
51111113III Ilagodol) and circumcision
beginning with the year 1919, and up
festivities.—Jewish Advocate.
to, and including the tirsr two months Money Goes to Building Fund of He.
of 1920; the 'ffitnken-Detroit Axle
brew Immigrant Aid
Company distributed dividends on its
Society.
co:ninon', stock totaling $7,437,957.50.
O This remarkable sum was entirely
New York—At a dinner tendered
cash, with the exception of one divi-
*
0 dend of 200 per cent of stock in the by Albert Rosenblatt, chairman of the
L'uilding Fund Committee to his per-
year 1914.
sonal friends and those of the He-
In the same period there was also
brew Sheltering and Immigrant Aid
distributed $599,836.75 in interest on
Society of America at the Hotel
preferred.
Pennsylvania, the sum of$125,000 was
0 =
In connection with the listing of
raised for the Building Fund of the
the $3,000,000 of common and the
institution. The dinner was attended
$5,000,000 of preferred, there is an
by over 70 guests, men who have in
item of sign iticance that will not be
the past been interested in the wel-
lost upon the investing public. The
fare of the institution and who are
company's authorized common stock
at present lending all their 'efforts to
is now $30,000,000 and preferred $15,-
raise the necessary Money to make
000.000. When this is taken into con-
the old Astor library property the
sideration in connection with the $10,-'
home for the' larger activities of the
175,579 surplus, the possibilities of a
society.
stock dividend, so ..widely discussed
Telegrams were received . from
ill the market recently, are better ap-
finites! States Senators Walter E.
preciated.
Edge, lames IV. Wadsworth, Wil-
Moreover, the par value of common,
liam M. Calder and from Congress-
now $100, soon is to be reduced io
men Albert Johnson, Chairman, House
$10 and when that occurs, trading will
Committee on Immigration; Hon.
take place on the Detroit Stock Ex-
Henry M. Goldfogle 'and Hon. Isaac
change on the latter basis.
M. Siegel. In each message the high-
Another item of unusual signifi-
est praise was accorded the institu-
cance in the consideration of the com-
tion for its splendid work.
pany's $22,697,213 of assets, is that of
The dinner was addressed by Al-
good will, patents, etc. The company
bert Rosenblatt, John L. Bernstein.
lists these invaluable assets at only
Harry Fischol„kdolph Held and
$1.00.
others. The speakers dwelt on the
The company has appropriated sev-
growth of the society's activities,
eral million dollars for additional
tracing the course of the institution
buildings, equipment and machinery
across the Atlantic to posks in China,
to provide for an increase in output
Japan and Siberia. Among those
for 1921 by at least 50 per cent, part
who contributed to the $125,000 raised
of which have already been built..
that evening were: Chicago, $50,000,
As a matter of fact, sales have in-
through Adolph Copeland, president
creased nearly 50 per cent for the
of Chicago branch; Baltimore, $30,-
last six months over any previous
similar period in the company's ex-
Investment
istence. It will produce in its own
factories still more of the important
materials which enter into its prod-
uct, thereby adding greater insurance
Detroit.'

to its customers and having in mind

"Know Thyself"

The ashnonition to seek self.
knowledge applies with even
inure force to a business than
to an individual.

I 1

Of all the forces working for
the success of a business, those
front within are the more ins
Portaut. The executive NOII
thorough grasp of condo:,
outside ,•
within controls
thiences as a matter of con:

The firm which underst
this principle seeks the au.d
.beat service rendered by
titled Public Accountants.

V

A (l'alilediVirS16:

VCortifiod Public Accountants

Main 104t
Penobscot Bldg.
Woolworth Bldg., New York

GUESTS AT ROSENBLATT
DINNER DONATE $125,000

NEW ISSUE

$30,000,000

The B. F. Goodrich Company

0 CI O =I0 = 0 1=10=0 1=l0 =30 1

.//

611

Five•Year

7%

Bonds

Bonds

Convertible Gold Notes

Due April 1, 1925

Dated April 1, 1920

Denominations $100, $500 and $1,000
Bankers Trust Company, New York, Trustee

Dansard-Hull-Bumpus Co.

Investment Bankers.

t

HOMER WARREN

AND COMPANY

INVESTMENTS

RENTALS

Harris, Small & Lawson

APPRAISALS

COLLECTIONS

Managers of Office and Apartment Buildings

INSURANCE

Fire, Liability, Compensation, Automobile, Boiler

Burglary, Plate Glass, Explosion, Health

And Accident

greater efficiency and reduce costs.
It has been the fixed policy of the
Timken-Detroit Axle Company to
have at least two sources of supply
for all of its requirements and in most
cases one source to be its own fac-
tories, the exceptions being raw ma-
terials and Timken Roller Bearings.
The Timken Roller Bearing Company
is now operating two separate and
distinct factories to provide insurance
against accident at one of them.
The officers and directors of the
corporation are as follows: H. H.
Timken, chairman; A. R. Demory,
President; H. \V. Alden, Vice-Presi-
dust, Fred Glover, Vice-President and
General Manager; C. W. Dickerson,
Vice-President and Secretary; C. G.
Rowlette, Treasurer and Assistant
Secretary; W. It. Timken, Austin
Lynch, Heenan Ely.

The realization of a long cherished
hope of the congregation of Eutaw
Place Temple, Baltimore, Md., for the
erection of a synagogue house in
which to conduct its social and com-
munity activities was given tangible
expression recently, when, at a meet-
ing held in the synagogue parlors,
more than $58,000 was subscribed to
ward the new building. The new
building, which will soon rise ad-
joining the synagogue at Eutaw l•
Place, will be three stories high and
will cost in the neighborhood oil
$200,000.


























References: Peoples State Bank, Dime Savings Bank, Merchants

National Bank



Reelcraft Pictures Corporation

Cumulative Sinking Fund Preferred

Stock, Series A

Par Value $25 Per Share

Listed

Preferred as to Assets and 8°. Cumulative Dividends

and

Price

Unlisted
Stocks

C. M. Deakin & Co.

...Investment Securities ...

801 - 2 Dime Bank Bldg.

A. W. Wallace & Co.

Main 5480

From the President's Desk—Talk No. 1

(Members Detroit Stock Exchange)

Penobscot Building

Cherry 2800

SALESMEN

Detroit Stock Exchange Firm offer an excep-

tional opportunity to capable men on Special

Issues. Remuneration very attractive and

leads furnished. Sec Mr. Meloche, 801 - 02

Dime Bank Building.

OTIS & COMPANY

(Members of New York, Detroit, Cleveland, Chicago
Stock Exchange)

ORDERS EXECUTED IN MOTOR, RAILROAD AND INDUSTRIAL
STOfK ON ABOVE EXCHANGES

Second Floor Majestic Bldg.

I Four Shares Preferred "A" 8% Stock t $100 and ae-
Bonue—Four Shares Common Stock f trued dividend

- circular on Request —



II■■■■■■■■■■■■■■■■■■■■■■■■■■■

Telephone Main 6406

Main 3990 ,

NEW ISSUE—$800,000




1227 CHAMBER OF COMMERCE

Detroit

New York
Grand Rapids

111 111 11•5• 11 1111••••• • • • • III IIIIII III •• 111111 11•11111•1111IIII• 111 11111




Securities

44 Congress St., W.

Telephone

Stocks

REAL ESTATE

Detailed Descriptive Offering on Request

A. W. Wallace & Co.

47 Congress1St. W.
Detroit

Stocks

Price: 98% and accrued interest
to net better than

CADILLAC 5502































a

The Bank Is the
Workingman's Best Friend

It is not •a c.apitaliatic *stint:.
lion, but a workIngman`s , Insti.
tution. .

Were It not for banks, what
Protection would you have for
your savings? They would be
subject to loss from theft, SDe
and extravagance.

The hank employs every known, -kind. of grOfec.
!Ion for the money o f Its depopitoras and ,r pays

them 3'S interest as weit'—a bigget, ' More Impor-
tant, more vital service than It residers to busi-
ness Interests.

GEORGE H. KIRCHNER, President.

IRS

!

STATE BANK

Or DETROIT

Established

1853

Lafayette and Griswold

Nine Convenient Branches



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