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April 16, 1920 - Image 8

Resource type:
Text
Publication:
The Detroit Jewish Chronicle, 1920-04-16

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



THE DETROIT JEWISH CHRONICLE

PAGE EIGHT

pa 41

g4 o

IN FINANCIAL DETROIT

oo=tot=io=o1==onor=io=loi===on o
U
0

STUDEBAKER

) I

II

O

U O

National bank protection for your
savings; tho highest possible type of
service and co-operation on commer-
cial accounts; and, it you desire to
send money or to business overseas,
a world•wide connection that assures
satisfaction; these are just a few of
the advantages you gain by doing
business with this bank,

O

a

EIRST,OLD DETROIT
NATIONAL BANK

MEMBER FEDERALRESERVE BANK

g .

it„ ...-....,1

❑ iCtitilig

:t

4,1

the

IA Stud.•hakur Corporation Tuesday, the

0. directors declared a stock dividend
' of $15,000,000, equivalent to 33 1/3 per
cent on the $45380,000 of common
stock outstanding, payable lYtay 5 to
!common stock of record April 19.
The additional stock will carry the
(;)! dividend payable June I.

- --
Al \\'et!Rs, dramatic_ critic of the

Detroit Noel, kept several hundred

written by himself.
"The Hero," as the piece is en-
titled, centers about a timorous, self-
untiring -boob" who is credited with

a daring rescue and immediately be.
comes Hui unhappy recipient of con-
gratulatory messages, wrist-watches,

Nlainti mince of the $7 rte would
it!, an Hie equivalent of '/.33 per cent
in cash per :Annum upon pre!.!etit out-
standing $45,0t10,000 stock.
Studebaker's surplus at present
amounts to $28,000.000. The stock
dividend of $15,000,1100 is capitalizing
only 53 per cent of the total. •'he
new $60,11011,0(10 common Will luau
over $21 a share in surplus behind It
Studebaker had in the first three
month; of this year the biggest earn-
ings for any (martyr of its history.
It is probable that when the figures
are compiled they will show the en-
tire year's dividend on present capi-
talc/Mimi covered. Statement of first
quarter's results will be made public

In modern

COlt

The regular service of a Cul -
tined Public Accountant will
insure positive control through
detailed knowledge.

Sa:

Certified Public Accountants

Main 1041

Penobscot Bldg.

Woolworth

Bldg., New York

\ mil 311.
From faint:try to \larch
oar 14,)0) automobiles were turned
out from the Detroit plants alone, or
at the rate of 51)1100 cars per annum
The I/ctroit schedule calls for 52,000
cars this year, which with 20,0110 from

lutini•r situations and the largest Y.
P. A. gathering of the season laugh-
ed «mtinuously at the trials and trib•

Mations of a newly-made demi-god.
If, as Mr. Weeks suggested, lie in.-1

lands to embellish upon the theme,
making it a three-act play, he linty be
assured of tho production's meeting
with unquestioned approval by lovers

Now Offiering a Rare Opportunity

Porphyry Consolidated Copper Company is located in the biggest
Copper producing district in Arizofia, also the greatest prmlucting State
in America.

It has 567 Acres of Patented Mining Pluses adjoining inspiration
Consolidated ('upper l'ompany and extending about 2 miles westerly.
directly in lino with the district Grp zone, this is not merely an asser-
tion but is positively proven by drill holes and underground develop-
ments, covering a distance of more than 2,000 feet of this 2 miles.

lit clean, sparkling comedy.
'rho meeting opened with a splen-
did musical programs rendered by Mr.

Nathan Simons and Nliss Sylvia Sim-
ons. In a very pleasing baritone NIr.
Simons sung three well-chosen num-
bers. Miss Simons accompanied hint

In the piano.
Election of Officers.
The Young People's Auxiliary an-

This property offers a strong possibility of becoming one of the
biggest copper \lines of the Miami district, as eyldenrcdby the present
developments and by the known geological conditions.

election or officers for
Wednesday evening . May 26. This
a depart-
w il
year's proceedings l
tiro from custom. At the election, le.

nounces its

South 11(11(1, makes tip the complete
manufacturing program of 80,000

cars.
The new South Bend plant is ex-
pected to begin shipments of the new
six-cylinder car, which will he in the
$1,400 class, some time towards the

directors will be chosen, eight to
serve one year, and eight for two
years, who will in turn, elect the of-
leers. Every year eight, new' direc-

end of this month and in June quan-
tity production should he tinder yvay.

cancies.

Porphyry l'onsolidated has to (late several Millions tons of com-
mercial ()re averaging 1.57'5. But a small fraction of 567 acres has
been developed.

l'ompany is now churn drilling at a point About IMO feet from di-
rectly in line wtili the ore that is developed on the extreme West end
of the Live Oak portion cf the Inspiration property, the hole is now
down about 9141 feet and according to a cross section matte from the
geological conditions existing in the adjoining property, this hole
should enter the ore at it depth of 1,150 feet, and the thickness of the
ore, it is estimated should be from 200 to ;MO feet, as indicated by the
same cross section.

tors will be appointed to fill the va-

CLASSIFIED

start your
child in music, but dread the long
period of "beginning to play?" My
new method delights both the par
etas and the pupils with its results.
A child of ordinary ability can play
third-grade music correctly in a short
time. See Miss Cecil Hodges, 79.
East \Varren. Sorthway 1122.

1)0 YOU \VC-lit to

New Stock Exchange Ruling.

Stocks

Porphyry Consolidated
Copper Co.

him "My liero".
'1- he play is full of funny lines and

The machine shops arc now tinning
out RI) per cent of the parts for the
lit ye car, and everything will soon
be in readiness fur the
of the finished product.
Demand for Studebaker cars is
still enormous, and the company has
lici•li
turn
down orders, the present 'whey be-
ing to moke bookings for only a
month ahead.

Detroit

John D. Conte'', President of the Porhpyry l'onsolidated l'opper
Company was formerly one of the Original holders of Inspiration and
_ at one time President of that Company.

NO CHANCE TO TAKE

Any investor buying Porphyry l'onsolidated Stock at its present
price of 45 Cents is not gambling in any sense but is playing an abso-
lute sure thing as the developed Ore assures an actual valuation toy.
ering that price. Add its tremendous probabilities and l'orphyry l'on-
solidated stands alone as the best and surest investment in the Copper
fields today.

\v.\ NTED--I(oom for two young
men, ill relined Jewish family. North

• h., Stock Exchange has made a End preferred. Address Box 406,

new ruling that stocks paying stock
din idends will not sell ex-dividend
until day ...rock dividend is drliyrr•d,
l'nde r this riding Studebaker Will sell
ex dividend Nlav Stli instead of .\ pril

Detroit Jewish Chronicle.

\\. .\N r vi) REFINED couri.r.
to share hour with young couple.
(Me Murk from \Voodward avenue.
Call Northway ')3o-\\'.

Porphyry Consolidated Copper Co. is Fully Paid and
Non-Assessable



From the President's Desk—Talk No. 2

We iniite inquiries concerning this attractive issue and recommend

Cities Service Company

The Bank Helps Workers
to Become Capitalists
If

you have money in the bank
, - if you own a home- a lot-
bonds, or turything of the sort,
you arc a capitalist.

By guaranteeing you protection and paving
you interest on the Ilea dollar , you can
save, until you hays sufficient fund , N■ tilt
which to make a larger Ur\ c-dincitt. this
hank helps to lift you above the tank. of
plodding wage-earners., and starts ■ tai on

your way toward success.

....1

— MAKE ALL CHECKS PAYABLE TO —

Grand Rapids

Porphyry Consolidated Copper Co.

Dividends Pahl monthly at a rate
to yield more than 15ii tier annum
on the current price of approximate-
ly tour per •hare.

Write

John 13. Toupin, Fiscal Agent

for Circular

C. M. Deakin & Co.

801.2 Dime

Bank

Bldg.

Main 5480





pFsii
il

Unlisted
Stocks



Penobscot Building

Cherry 2800



I

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

CADILLAC 6502

Representing a one tenth Interest in a shore of Cities Service
Company Common Stock $1110 par value.

Yield 15'; at present market prices.

CAI.I.

OUR TRADING DEPARTAI ENT

O'HARA, FERRISS & CO.

MEMBERS DETROIT STOCK EXCHANGE
Second Floor, Dime Bank Bldg.

Buy an Income on Monthly Payments

Federal Bakeries Corporation

Guaranteed Cumulative Preferred Stock
Pays you 1 per month-12's per annum.
Net to you.
Let iu explain how. By our time pay mem plan 5111 can ItarlIcIVII"
in the enormous ...linings of the Federal Bakeries Corporation THE
WORLD'S SAFEST INVESTN1ENT.

Investment Securities
216-218 Broadway Market Bldg.
Detroit. Michigan .

CITIES SERVICE COMPANY
BANKERS' SHARES

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

Corner Congress and Griswold

Nicisenheirner-Burke Corporation

Nine Convenient Branches

, OTIS & COMPANY

Detroit, Mich.

THE STAFF OF LIFE!
fHE WORLD DEMANDS IT
THE WORLD NEEDS IT

!Members Detroit Slosh Exchange)

Installation

-

INVEST IN BREAD!

A. W. Wallace & Co.

Sold to the Public With or Without

OCTIWIT

r.



1\11ill.lt11sli: 1,1101

STATE BANK

407 Buhl Block

and

I .ABathers Detroit Stock FIxelianget

-

Telephone Number Cherry 8107

Listed

— SANITARY --
PLUMBING & HEATING
580 Gratiot Avenue

ot

Stock Selling 40 cents per Share

Detroit

New York

Each ianket'S Share represents
oneamilli interest in a share of
Cities Service Company Common
Stock at 01no par value.

21-e

snd Griswold St.

its immediate purchase

A. W. Wallace & Co.

Bankers Shares

A. KOPATZ & CO.

,

Second Floor Majestic Bldg.

The throttle of any basin,
is knowledge of controllim;
tarts—if they are not alYY ay. s
well in hand disaster 1.
courted.

o

47 Congress St. W.

-alayette

The engineer of the fast lim-
ited keeps all alert liand aiuu,u
on the till- M(1V — a moment !!f
griping ill a crisis might Ile
■■ reck.

NICELY ITItNISII•D room to
rent. Modern conveniences. Young
man preferred. Item reasonable. Call
after ii p. In. Melrose 1503-1Z.

El

Investment Bankers

or

nicely furnished
sleeping room in private Jew-

tl-rtatin apartment; privilege to rent
.,,,,,,„._-1)eclaration of a 33 1/3 dinn•r-invitations, medals, business
flat. Inquire N1r. Vlogill, 1(11 itendrie,
per Celli or $15,01)0.001 slack dividend prospects, chewing gum, cemetery lot,
near %voott \card.
by directors of the Studebaker Cor- muscle-builders, nearbeer, and all the
poration is something of a surprise in ether appurtenances that follow dose!
EXPERIENCED STENOGRAPHER
Ii1 . 1%' iii the fact that it was only last ly in the wake of a noble deed,
AND BOOKKEEPER wANTED -
ti ember that a similar amount of
Ni
The "hero's" pride is, however,
Good hours. flood wages. Apply
stock was sold to retire the $15,0110,0011
completely :submerged in the fear, as
A. Suffrin, li15 Hastings street, or
0 ' serial notes.
confided to a pal at the club-house
.\s
it
has
been
a
foregone
concht-
phone \lain
1.1 !
where the scene is laid, that his fian-
illiii
a
substantial
increase
in
the
sion
O
l, ash dividend rate would be made at ce, his companion in the machine that NICELY FURNISHED ROOM TO
the spring dividend meeting, the in- rimed madly lima a hill to the res.
It ENT in modern apartment. Prefer
, evitable conclusion is that iii the (lie and fame, knew the truth - that it
young man. Rent very reasonable.
light of the recent Supreme Court was but for the freakish action of his
Box No 70' Call Melrose 4671•11
!taxation decision, directors preferred brakes and not to his own dauntless
0, to maintain the present $7 rate and tourage that the rescue was affect-
lincrt.:1, capitaliration rather than to
d. Luckily, she too, had been 'tak-
0 ! increase the rate nn the old issue. en ill', and the very amusing skit ends
Theo! is no question that it least a
with a dreamy-eyed young man listen..
7 per Ci'lli tail. Will lie ordered at
the meeting in !South timid the end tog rapturously throogh the phone
to the only girl in the world calling
if this month.

Dansard-Hull-Bumpus Co.

....

InAT- -.\

0

Bonds

Stocks

the Throttle

AT)

members (ii tho sharrey Zwick l'oung front
!
People's :Auxiliary highly amused for ish familv for a relined young man
'ingret!'.
Northway
or couple.
325
over an hour Wedir!silay night, Apr il
11, with a reading of a one-act play 154')3 "L

1

0 =10 = 0 =0 =10=1 0

Bonds

The Stock Dividend-7 Per Cent
Rate Will Be Maintained—Big
Earnings and Production.
Courtesy of Otis & Co.

1 . 1. \T. Willi all expenses pant, is
"THE HERO" PLEASES
ns
:' care to!
11 tas,m;
B I G GATHERING OF ""`",.1
ii i ` fi;i
for
Airs. R1.s. Cherry 11270, loch% cc n T he Hand on
SEIAARE ZEDEK Y. P. A.' Lail
lit and 12 a. in.

Cherry 829

Meisenheimer-Burke Corp.
Detroit, Michigan.
Gentlemen:—
Send me full particulars of your time payment plan for purchasing
investment securities, and oblige.

Name
Address

,,CHRONICLE WANT ADS PAY

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