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IN FINANCIAL DETROIT
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WEEKLY MARKET REVIEW
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(Furnished by Statistical Department
of O'Hara, Ferries & Co.
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ry
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During the past week several of the
issues listed on the Local Board have
been subject to more or less price re-
cession. Sugars apparently have been
the only class to hold firm in the face
of the liquidation which has bees in
progress. 'Minnesota, Michigan and
Columbia Sugar have not only held
their strength, but have advanced dur-
ing the course of the week's trailing.
Motors, us it rule, have displayed a,
tendency to weakness. The drop in
the market price of Paige-Detrolt, how-
ever, is due to the stock dividend
which has recently been declared by
that company. However, it is estimat-
ed that this particular security will
rogain its strength in view of the fact
that the dividend rate of 36 per cent
per annum is to be continued by the
company.
Continental, Federal, Ford of Cana-
da, Lincoln, Packard and Iles all
changed hands on the floor during the
past week. Detroit Edison sold off,
but recovered some of its loss, while
other public utilities to figure in the
week's transactions were American
Light and Cities Service. Bank stocks
have been popular, and trailing has
been well distributed throughout the
balance of the list, Charcoal iron, Co-
ahuila, Gladys Belle, Kresge, Linder-
man Steel, Hayes Manufacturing,
Western Knitting, Timken Axle and
Scotten-Dillon all being the subjects of
sales,
National bank protection for your
savings; the highest possible type of
service and co-operation on consoler.
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cial accounts; and, if you desire to
send money or do business overseas,
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a world-wide connection that assures
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satisfaction; these are just a few of
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the advantages you gain by doing
business with this bank.
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1111STAPOLD DETROIT
ATI0X1LBANK
MEMBER FED= RESERVE BANK
=101=101=01===1 0=1 0=10=101==i0=C
Bonds
Bonds
Wright, Kay & Co.'s
New Location
Another of the old established busi-
ness firms of the city is changing its
location. Wright & Kay are moving
one block up Woodward avenue.
Henceforth the upper corner of
Woodward and John R street will be
known as the Wright-Kay corner.
In years gone by this building was
occupied by Schwankowsky's music
store and in more recent years by
jewelry firms. Now it is being en-
tirely remodeled, so when alterations
are completed it will become one of
the handsomest jewely stores in the
country.
The first and second floors will be
used as show-rooms—diamonds,
watches, jewelry and sterling silver
tieing on the main floor and Sheffield
silver, stationery and clocks on the
second floor. This will allow almost
double the floor space occupied in the
old location. This additional space
necessary to take care of the firm's
rapidly growing business. All de-
partments will be conducted upon the
second floor temporarily until the
building alterations are completed.
Investment Bankers
47 Congress St. W.
Detroit
No less futile are the efforts of many to-
day who seek riches from speculation.
if the everyday business
transactions of an organization
are recorded in a way that re-
veals with instant intelligi-
bility the entire nature of every
transaction, the strictest watch
and "checking up" on the ev-
eryday affairs of the business
are possible.
There is but one formula for prosperity
—thrift and conservative investment of the rewards
of thrift. Our First Mortgage Bonds are a splendid
medium for the investment of your earnings. Each
bond is an integral unit of a closed first mortgage
secured by income producing real estate. Our loans
to property owners are conservative—never more
than 50", of the cash valuation of the property. Our
bonds pay 6",, and are tax exempt in 'Michigan. We
would be pleased to answer any questions you may
have about them.
This, however, is not possible
without the adoption of effici-
ent systematizing methods.
And that calls for the special-
ized knowledge of certified
public accountants.
Qva:
Yiddish Performers.
Dansard-Hull-Bumpus Co.
The alchemists of old vainly strove to
wrest gold from the baser metals.
prevention," etc.
Dora Weisman, Rae Schnayer, Stars
in Cast of New York
Office remains open Monday evenings 6 to 8 o'clock.
Ask for our interesting little booklet—"Your Dollar
and an Honest Day's 1Vork."
Certified Public Accountants
Penobscot Bldg.
Mein 1041
ID ETR
0 122 Da 0124 A G IP
C
Woolworth Bldg., New York
a
0 It 12 0 IL A TI O N 1.1
Internationally
Third Floor
Real Estate Exchange Bldg.
Known
First Mortgage
7 Per Cent
Main 1823
SERIAL BOND
Maturing 1921 to 1925
The Company's product is sold
In every Country in the World, and
is used in almost every household.
Net earnings over eleven times
interest charges.
Timken - Detroit
Axle Company
The Jewish Communal Schools at
Alexandria, Egypt, were recently visit-
ed by Ahmend Talaat Pasha, Minister
of Education, accompanied by his sec-
Send for Circular-0-300
retary, and the inspector of the Min-
istry of Education. His excellency
was escorted around the various de-
partments and saw the children at
1438 DIME BANK BLDG.
their work in the classrooms and
DETROIT
workshops. Before his departure his
Cadillac 6010.
excellency expressed his approval of
Chicago
New York
the organization of the schools and
Grand Rapids
Milwaukee
praised the high standard of work
attained and the progress made.
s.
Price to Yield 8%
Stocks
W. G. Souders & Co.
Stocks
OTIS & COMPANY
The earnings of this company for the
last seven years have averaged 65 ,6
on the common stock, after payment
of preferred dividends.
rl
(Members of New York, Detroit, Cleveland, Chicago
Stock Exchange)
In 1918, after paying preferred divi-
dends and 24% on the common, 98%
was added to surplus. This record is
noteven approached by any other
stock on the exchange.
ORDERS EXECUTED IN MOTOR, RAILROAD AND INDUSTRIAL
STOCK ON ABOVE EXCHANGES
Second Floor Majestic Bldg.
CADILLAC 6502
From the President's Desk—Talk No. 8.
"shall keep at least 12% of its total deposits on
hand, or with national or state banks or trust
companies, payable on demand, in cities approved
by the commissioner of the banking department
as reserve cities, or invested in United States
bonds; three-fifth of the remainder (or about 53%
of the total) of the savings deposits shall be
invested by the board of directors as follows:"
The law then designates certain Government
and State bonds, Municipal, Railroad, Steamship,
Public Utility, Public Debt and Real Estate
A. W. WALLACE & CO.
— AT —
Members Detroit Stock Exchange
W. A. C. Miller Company
Penobscot Building
1080
Vinewood Ave.
Bonds.
Phone
Walnut
"WE OPERATE OUR OWN FINISH MILL"
Or DCTROIT
xlab.to.ra
1,3
Lafayette and Grinvold St.
Nine Convenient Branches.
Cherry 2800
A
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Unsold Orders at Close of Business on Thursday
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STATE BANK
A meeting of the directors will be
held in the next few days to decide on
the distribution of this huge surplus.
We are specialists in this security and
recommend immediate purchase.
ARE GOING TO BULDI
YOU WANT PRICE
YOU WANT SERVICE
YOU WANT QUALITY
YOU GET THEM
must be invested as designated
by the State Banking Depart-
ment. The banking laws stip-
ulate that a savings bank
IFIST
The present earnings are running
50% greater than last year. Present
surplus is better than 350%.
YOU=
About 65% of All Our
Savings Deposits----
IN t t
ALCHEMY
"An ounce of
"BLIND HUSBANDS"
WITH LEON BLANK
AT NEW DETROIT
Leon Blank, celebrated Jewish
actor, and Dora Weisman, co-star
will appear with an all-star cast at
the New Detroit Opera House, Fri-
day evening, May 21, and Saturday
evening, May 22. in a four-act rol-
Veking comedy, 'Blind Husbands,"
by Max Gebel.
Sunday matinee and evening, May
23, Mr. Blank and Miss Rae Schnayer
will present a stirring, four-act melo-
drama "A Life's Companion," "A
Chavre in Leben."
Detroit friends of these celebrated
actors will greet the announcement
of their coming with much pleasure.
The company comes from a long run
in a New York Theater. On the
cast with the three stars mentioned
are Anshlar Shur, Isadore Melzer,
Morris Silver, Mrs. Whitefriend, bliss
Lillie Kasten, and Dave Paper.
Tickets may be procured at the of-
fice of the "Jewish Forwards.," 541
Hastings St., and at the box office of
the New Detroit.
(FIRST MORTGAGE
44.13 0 N D 5
How About YOUR Tires?
NEW FISKS, GOODYEARS, FIRESTONES, U. S. AND OTHER
STANDARD MAKE TIRES AT
REAL SAVINGS
We bought a large complete stock before the price was raised
We will be glad to have you come in and look themover, whether you
need one now or not
The Green Tire & Supply Co.
2094 Woodward Avenue
Near Kenilworth
10 American Light & Traction.
50 Dime Savings Bank.
25 First & Old Detroit National
100 Hall Lamp.
20 McCord Manufacturing, Pfd.
100 Michigan Copper & Brass.
25 Michigan Drop Forge, Com.
100 Michigan Smelting & Refin-
ing, Com.
100 Michigan Stamping.
50 Northern Sugar, Corn.
50 Paige-Detroit, Corn.
25 Paige-Detroit, Pfd.
50 Parke-Davis.
15 Timken Axle, Pfd.
25 Union Trust.
100 Wolverine Portland Cement.
O'Hara, Ferriss & Company
(Members Detroit Stock Exchange)
Second Floor, Dime Bank Building,
Cherry 829
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