▪ 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