PACE TEN

THE DETROIT JEWISH CHRONICLE

IN FINANCIAL DETROIT

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( FIRST MORTGAGE
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If it is proven beyond a doubt that an investment
is absolutely safe—

If it is proven beyond a doubt that the invest-
ment will earn 6e/c interest and that that rate is
constant—

If such an investment can be secured with a cap-
ital of $50—

If the bonds are tax exempt in Michigan—

If the Federal Income Tax of 4'is paid by the
mortgagor—

If they mature in from two to ten years accord-
ing to your choice—

Is it not an investment worth investigating and
discussing?

The First Mortgage Bond of this corporation
offer all the above assurances and should be your
choice in putting your surplus funds to work.

Write or call for literature. Our office remains
open Monday evenings from 6 to 8 o'clock.

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....................a.

tanaraai.

ibET It 0Iff DZORCGAG

A.,

CORPORATION

Third Floor

Real Estate Exchange Building

Main 1823

h

MICHIGAN TAX
FREE BONDS

$14,000

DETROIT EDISON COMPANY First and
Refunding 6%, Due July 1, 1940.

Price 89 to yield over 7%.

$29,000

WEST BLOOMFIELD

SCHOOL DIS-
TRICT No, 5, Oakland Co., Mich.,
School Bonds 6%, Due 921-34. •

Price to yield 5.70%.

Dansard-Hull-Bumpus Co.

47 Congress St. W.

Main 3410

Members Detroit Stock Exchange

Life Insurance Safeguards

JOHN W. STALEY TO
CHANGE IN TELEPHONE
HEAD STATE BANKERS COMPANY PERSONNEL TO
AFFECT ENTIRE STATE

OF l':\ WA BEACH, Mich.— De.
in.olding as earnest patriotism as in
III, days of the world war and pro-
testIng against any concession to the
theory of communism, the Michigan
.Bankers' association concluded its
, thirty-fourth annual convention here
Wedneday by electing John W.
' Staley, president of the Peoples State
bank, Detroit, as president of the or-
Iganization to succeed G. J. Diekema,
of Holland, it recommended Detroit
as its choice for the 1921 convention.
Other officers elected are: First
!vice-president, E. S. Bice, Marquette;
second vice-president, H. IL Sanger,
Detroit; treasurer, B. I'. Sherwood,
Grand Haven; members of the exec-
utive council, H. L. Baer, Hancock;
H. A. Morrie, :Muskegon Heights; 'F.
C. Yates, Negauttee; E. J. Foster,
Grass Lake; M. S. Resch, Benton
! Harbor; J. M. Rankin, Bad Axe.
U. S. "Meddling" Condemned.
Gus Hill, of fort Huron, was elect-
' ed by members of the American
!Bankers association, as a member of
the executive council. The council
named G. J. Diekema, of Holland, as
a vice-president for Michigan.
i The various sectional meetings of
the American Bankers association
elected vice-presidents for Michigan
as follows: Charles H. Adams, De-
troit; Charles H. Ayers, Detroit;
Paul 3. Vlrick, Mt, Clemens; E. K.
Smith, Adrian.
In iis resolutions, the association
"approved of all proper regulations
of any private business which affects
in any way public welfare. But pri-
vate property and the right of pri-
vate contract must be kept secure
and inviolate." It contended that
nationalization of the railroads, legis-
lative control of prices in times of
peace, government management of
private business are opposed to our
institutions and we condemn them.
As the authorities should vigorously
punish the anarchist, so we should
vigorously condemn all symptoms of
communistic doctrine as vicious in
practice and tin-American in theory."
Would Aid State Industry,
The bankers, through their resolu-
tions, also expressed a desire to co-
operate with ally movement tending
to improve the business conditions
which surround any Michigan indus-
try and expressed an interest in the
efforts to establish the Michigan
Farm Bureau and recommended that
the incoming officers co-operate with
that organization so that relations
may be established on sound prin-
ciples of business.
The association recommended that
Michigan's representatives in con-
grecs support the Gore bill which
provides that robbery of a federal
reserve bank or a member bank shall
ionstitute a felony.

OIL STOCKS LED IN
ACTIVITY LAST MONTH

The oils again led the trading on
the Detroit Stock Exchange in the
monthly period from May 29th to
June 28th, inclusive.
Gladys-Belle Preferred led the list
with 21,185 shares with a price range
of 92 to $1.03, while Gladys-Belle
Coninion followed with 19,1,35 shares
with a price range from 75 to 94.
Noble Oil experienced a still wider
range of market, preferred selling
from $1.19 to $1.45 for a total of 7,790
shares. Packard Common and Conti-
nental Common ram a close race for
popularity among the issues outside
of the oils.
"When it is considered that the in-
vestment market is practically stag-
nant and the New York Stock Ex-
change has had the remarkable ex-
perience of handling only 130.000
shares in a single day. our total for
this month is somewhat gratifying,"
states Wm. A. Neer, President of the
Detroit Stock Exchange. "As soon as
the public is convinced that priers
have reached bottom of course there
will develop a formidable buying
movement, but somehow or other the
public does tint seem to show a will-
ingness to get into the market until
prices are well along on an upward
trend. As we have suggested repeat-
edly the time seems opportune for
profitable investment and it is not un-
likely that with the National Conven-
tions out of the way and a favorable
decision by the Railroad \Vage Board,
an upward trend to the market will
develop."

JEWISH QUARTER IN
BERLIN RAIDED

LONDON—The Berlin quarter oc-
cupied chiefly by East-European Jews
was raided last Saturday and hun-
dreds of young men wire arrested
and very brutally handled. The civil-
ian authorities declared that they had
nothing to do with the raid.

The Happiness of Your Loved Ones

Your life work consists largely in caring for those
DEPENDENT upon you.

You have the natural desire to give to them the
best in every walk of life.

The SAFEST and SUREST way to Provide a DE-
FINITE and DEPENDABLE ESTATE is by means of
a policy in the

Grange Life insurance Company
LASSER a SCHUBINER

GEN. AGENTS
827 Chamber of Commerce Bldg.

MOE LEITER
GEN, AGENTS
811 Smith Bldg.

Chronicle Advertisers Represent
The Best Merchants in Detroit

We have an ac-
tive market in the
rights to purchase
new stock issued
by the Detroit
Creamery Co.

Call our trading
department for
complete informa-
tion.

O'Hara, Ferriss & Co.

Second Floor Dime Bank
Bldg.
Cherry 829

UNUSUAL PROFITS

TV permit of better supervision of
telephone operation throughout the
state. the Michigan State Telephone
Company has announced a partial re-
arrangement of its commercial, traffic
and plant organization whereby di-
visional department heads will come
into closer contact with the service
immediately under their control. The
service in general is expected to bene-
fit from the rearrangement. The or-
ganization has been changed from one
of two divisions and five districts to
one of four divisions, with headquar-
ters at Detrot, Lansing, Saginaw and
M enotninee.
No change in the organization per-
sonnel has been made in the Menomi-
nee or upper peninsula territory, now
known as the northern division, ht. L.
Saunders, district commercial super-
intendent, assuming the title of di-
visional commercial superintendent.'
A. E. Huntley, district commercial
superintendent at Saginaw, becomes
divisional superintendent for the cen-
tral division and there are no changes
in personnel. Only minor changes
are noted at Detroit, aside from the
appointment of Lou Burt as general
commercial engineer.
The old Kalamazoo and Jackson
districts have been combined in the
southern division, however, with head-
quarters at Lansing, and A. J. Peck-
ham of Detroit becomes divisional
commercial superintendent. L. J.
V\! alley goes from Detroit to Lansing
as divisional traffic superintendent and
Ben R. Marsh, also of Detroit, be-
comes divisional plant superintendent
for the southern territory.
The state division, which embraced
all of htichigan outside of Detroit, has
been eliminated, as have its offices at
Detroit, under the new arrangement.
Souk of the more important ex-
changes heretofore attached to the
Detroit division, have been added to
other territories, Munroe becoming
part of the southern division and Bir-
mingham, Pontiac and hl t. Clemens
being attached to the central,

are being earned by the

Union Investment Company

Organized for the purpose of financing
dealers in motor vehicles, building con-
tractors, etc. Incorporated February 6,
1919. Authorized Capital Stock $200,-
000-8 per cent preferred; $200,000
common.

This is not an ordinary proposition, but an unusual
investment.

An increase in capital stock makes available for a
short time an opportunity to share in the substantial
earnings of a going financial institution.

Practically the entire capital is kept in cash or nego-
tiable paper ,affording unusual security combined with
careful, experienced management and moderate ex-
penses.

The officers and directorate are a guarantee of fair-
ness to both stockholders and clients.

OFFICERS AND DIRECTORS

Abraham

Cooper, President.

Julius Rubnier, Director.

Assistant Cashier First State
Bank.

Leonard E. Brown, Vice - Pres.

David Cooper, Sec, & Treas.

Lent D. Upson, Director
Formerly Executive Secretary

Claude B. Beers, Director.

Assistant Cashier National

of the National Cash Register
Col.Ipany.

Bank of Commerce.

Write or Phone for our Booklet—

ABRAHAM COOPER

TELEPHONE—CADILLAC 7509-7510

2219 Dime Bank Bldg.

Detroit, Michigan

arm

OTIS & COMPANY

What Are
Your Profits?

(

Puniness organizations whose
accounts and papers are regular-
ly audited by a Certified Public
aecoUntant, know exactly where
they are, where they are headed,
and what profits they are making.
Guesses, opinions and estimates

ORDERS EXECUTED IN MOTOR, RAILROAD AND INDUSTRIAL

STOCK ON ABOVE EXCHANGES

Second Floor Majestic Bldg.

ere eliminated.

The Certified Public Accountant
turns the spottight on the teas
state or affairs, and through hie
professional knowledge Is capable
of correcting dangerous con-
ditions that would otherwise es-
cape attention.

qqa:

Certified Public Accountants

Penobscot Bldg.

Main 1041

Woolworth Bldg., New York

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

CADILLAC 0502

1=01===z0=01=1000

0 0
Motors, Oils, Mining and Curb Industrials for Cash
or on Moderate Margins

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CHARLES A. STONEHAM & CO.

Real Estate Exchange Bldg., Detroit

TELEPHONE CADILLAC 8150
(Established 1903)
41 Broad Street, New York
Direct Private Wires

Weekly Market Letter Sent Free

"No Promotions"

To DETROIT
GA S CONSUMERS

Have you heard about the Gas Service Stateion now located at
72 Broadway?

This Gas Service Station was established that you may have
better gas service beyond your meter.

You may now have your stove, range or hot water heater clean-
ed, adjusted or repaired within three hours.

This Gas Service Station was also established that you may be

able to buy BETTER STOVES and Hot Water Heaters for LESS
MONEY.

25 foot extra heavy double Copper Coil Tank Hot Water Heat-
ers $25.00 FREE Connection. Why pay more?

Elevated Oven Gas Ranges for $47.50. Free Connection.

"Pittsburg" Automatic Hot Water Heaters--Free Connection.

GAS SERVICE STATION

72 Broadway

Cherry 2777-8019

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