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 •