THE DETROIT JEWISH CHRONICLE
IN FINANCIAL DETROIT
4 gl
CHICAGO, ROCK ISLAND &
PACIFIC
Bonds
Million Dollar Company
--■
The national advertising and sales
campaign opened by the Curran-Detroit
Radiator Cu., the first of this year, has
resulted in such a heavy demand for
the famous radiator, that the company
has increased its capitalization to $1,-
000.100), remaining a 'Michigan corpora-
tion.
Jobbers and exporters are asking for
the special Ford type radiator in car-
load lots. The increasing popularity is
due to three distinct advantages, name-
ly, overheating impossible, freezing en-
tirely harmless and overcooling pre-
vented. These patented features, includ-
ing a simple water thermostatic circu-
lation control, have resulted in an all
season radiator, long demanded by our
wide vari a ti o
n t
c una t e.
S ummer
hutrists find the extra water carrying
feature and cooling efficiency of espe-
cial help to them in cross-country
travel.
'rhe location and management of the
company remain unchanged and
new plant at 558-570 Lafayette bottle-
S art I west, i s num in full operation.
k'slhile the company so far is special-
izing in its Ford type radiator, orders
from manufacturers are !icing accepted,
as far as production facilities permit.
Gross earnings for the Rock Island
are running 30% greater than a year
ago. To care for this increased busi-
ness and for maturing issues, it Is un-
derstood that some $20,000,000 In
bonds will be sold. Approximately
$13,000,000 of it will be fur new money
to be spent on rolling stock and road-
way to handle the very profitable busi-
ness which Is materializing from the
development of the Southwestern ter-
ritory. This additional issue would in-
crease interest charges less than 10%
and Is expected to open up new sourc-
es of revenue and to increase operat.
Mg efficiency on present business to
an extent such that net earnings will
increase more than the amount of the
additional interest. Based on lain
year's figures, Rock Island with a 25%
freight rate increase 'would show net
operating income and dividends of
$25,000,000. After deducting interest
charges, including those on the pro-
posed issue, and dividing with the
Government any excess over 6% on
the property valuation, there would
still remain net equivalent to $10 a
share on the common stock. Even
POLISH CITY COUNCIL
under the present rates, earnings are
CLOSES JEWISH HOSPITAL
running well ahead of last year, not
Vilna—The Polish majority in the
for the first quarter being $2,925,202
cotnpared with a deficit of $194,522 Vilna city council adopted a resolu-
tion to close the department of skin
last year.
and venereal diseases in the local
Jewish hosptal. This medical branch
has been in existence for about thirty
years and has proved vital to the
health needs of the community. The
resolution gave the lack of money itt
"The term 'family quarrel' is so of- the city treasury as a reason for its
ten applied to domestic difficulties only closure.
The Jewish Medical Society of Vil-
that its use in connection with auto-
mobiles could easily be misunderstood," na adopted a resolution protecting
says Mr. R. II. ‘Villiams, Williams & against this outrageous disregard of
Ilastings, Inc, local Hopmobile dealers. the Jewish population.
"It might be assumed that this ex-
pression referred to that friendly strug-
gle for the car's use which occurs so
frequently between the younger mem-
bers of the family.
"But the 'family quarrel' I have in
mind occurs between members of the
I I immobile owner family—and there
are as many factions as there are Hup-
mobile models—each faction firm in the
belief that they own the best Iltipmo-
bile ever produced.
"It is exceedingly interesting for me
to note the arguments caused by intro-
ducing Series R owners to possessors
of other Hupmobiles. There seems to
Le a peculiarity common to all Him-
mobile owners—each man thinks that his
model is the best model ever built, and
that his particular car is the best car of
that model. This has been so from the
very beginning. There arc any number
of people in the country who are still
driving the old odd 20, the first Hop-
mobile. and insisting that virtue de-
parted from the automobile industry
with the passing of that model.
"What can a dealer do in the face
of such loyalty but let the owner go
ahead and drive their cars until they
are stolen or get smashed up by an
express train? After this happens, they
usually buy the current model and im-
mediately start all over again and be-
come hopelessly prejudiced in the new
car's favor.
"I have argued with many a religions
and political fanatic, but for downright
resourcefulness and stubbornness, they
can't hold a candle to the average
mobile owner."
Dansard-Hull-Bumpus Co.
Investment Bankers
the
47 Congress St. W.
Detroit
HONOR JEWISH SCHOLARS.
ATROCITIES OF
HUNGARIAN ARMY Copenhagen—The Danish Acade-
my of Science elected to its member-
BUDAPEST—Here are two more in- ship the well known Jewish scientists,
cidents of the Hungarian White Ter- Albert Epstein, of Berlin, and It.
ror: Hungarian officers arrested First Willstadter, professor of chemistry at
Lieut. Tomsai and beat him unmerci- M unich.
fully until all his teeth were knocked
out, and both hands broken. It was
later shown that the charge against
this Jewish officer of having relations
with the communists was absolutely
groundless.
Detroit
Julius Peretz, another Jewish young
New York
man, was also arrested and kept in
Grand Rapid.
prison for glen weeks. Every day
during that period he was struck on
the same side of his head until he be-
came blind and (leaf on that side. Even-
tually his innocence was proved.
A.W.Wallace & Co.
■
—And in Addition
Stocks
From The President's Desk—Talk No. 9.
. Listed
To the Audit.
Not Infrequently
and
In
rendering
audits the Certified labile Ac.
rountent is ab'e to ,nuke valuable
and constructive suggestions for
changes In the administrative
methods of the client.
Unlisted
Stocks
The Certified Public Accountant
through his wide experience and
Intimate knowledge of the
inner workings of scores of var-
his
ied organizations Is qualified to
alt In the establishment of
sound policies.
RIVALRY AMONG
HUPMOBILE OWNERS
Stocks
611 64
V&
Q
Certified Public Accountants
Penobscot Bldg.
Mein 1041
A. W. Wallace & Co.
(Members Detroit Stock Exchange)
Penobscot Building
Woolworth Bldg., New York
Cherry 2800
FOR SALE
Banking Law Restrictions
May Not Be Overstepped
IN NORTH WOODWARD DISTRICT
Clearly (termed limits for the
investing of the depositors'
funds are set forth in the State
Banking Laws. One of these
many laws of limitation states
that
Banks may "accept for payment at a future date,
not to exceed six months, drafts drawn by its
patrons, but no bank shall accept such drafts in
the aggregate to an amount exceeding 507, of its
capital and undivided surplus"
122 EASON AVE., HIGHLAND PARK
CAMPAIGN PROGRAM OF
GERMAN ANTI-SEMITES
IRS
BANK
Fill STATE
OF
BERLIN—Now that the election
campaign for the German Reichstag is
taking place the anti-Semites have taken
the trouble to set forth their Jewish
program, Here arc a few of their main
planks:
(I) All alien Jews now in Germany
should be immediately deported and
the country closed to further Jewish
immigration.
(2) A "foreign" law should be pass-
ed, according to which. all the Jews of
Germany would hereafter be consid-
ered aliens.
(3) All "secret" books dealing with
the Jewish religion should be officially
translated.
(41 Intermarriage bet ween Ger-
mans and Jews must he prohibited.
(5) Jews should be forbidden to
bear German names.
DETROIT
CITIES SERVICE COMPANY
6% CUMULATIVE PREFERRED STOCK
Earning about 5 times dividend requirements.
Price to yield about 9.097,.
C. M. DEAKIN & CO.
(Members Detroit Stock Exchange)
801 Dime Bank Building
Main 5480
OTIS & COMPANY
DUE MAY AND NOVEMBER 1ST, 1939
Exempt from all Federal, State, Municipal and Local
Taxation
Excepting Only Inheritance Taxes
PRICE TO YIELD 5 20 PER CENT
.
' • , • .
Ferriss. & Company
Afernbeis
,
Detroit 84)4 Exchagge)
Secouct Floor, Dime
a Building, , ' Cherry 829'
No one interested in the market either as an investor or speculator should fail
to place his name on our mailing list to receive a copy of this full-of-value publica-
tion. Comparison will prove the unusual merit and reliability of the
WEEKLY MARKET LETTER
Netting 5.20 to 6%
Copy on Request
WAYNE COUNTY, MICHIGAN,
Ecorse Township School District
5's, Maturity 1935; Yield 5.20'i.
(Tax Free In Michigan)
Beautiful residence in this exclusive section.
Lot 60x200. All modern conveniences.
Prepared and Engraved by United States Treasury Department
Oils, Industrials, Mining and
- Curb Securities
"STONEHAM"
Municipal Bonds
EAST BOSTON BLVD.
Tax Exempt Investment
JOINT STOCK LAND BANK 5% BONDS
Instrumentalities of the U. S. Government
rfr
Attractive
(Members of New York, Detroit Cleveland, Chicago Stock Exchange.)
ORDERS EXECUTED IN MOTOR, RAILROAD AND INDUSTRIAL
STOCK ON ABOVE EXCHANGES
Second Floor Majestic Bldg.
CADILLAC 6502
OWNER
Hemlock 5494
For information and appointment Call Glendale 1417 or Hemlock 3999-R
I
Chas. A. Stoneham & Co.
GILA COUNTY. ARIZONA, School
District 6's, Maturity 1939; Yield
5.75%.
CARBON COUNTY. UTAH, School
5's, Maturity 1940; Yield 5.90%.
Established 1903
UTAH COUNTY, UTAH, Provo
City School District 5's, due seri-
ally. Maturity 19231940; Yield
6.00%.
9th Floor Real Estate Ex. Bldg., Cadillac Square
Cadillac 6150-1-2-3
CEDAR CITY, UTAH, General Ob-
ligation 6's due serially, Maturity
19244926; Yield 6.00%.
Private leased wire system connecting all our offices in the following cities:
Circulars on Request
W. G. Souders & Co.
INVESTMENT SECURITIES
1438 Dime Bank Building
CADILLAC 6010
Detroit
• \
NEW YORK
BOSTON
PHILADELPHIA
MILWAUKEE
CHICAGO
HARTFORD
TORONTO
'NO PROMOTIONS"