PETRODILW IS/1 etROA ICLE PAGE EIGHT I ' 41 IN FINANCIAL DETROIT gla Michigan Manufacturer Picks Campbell to Head Technical Department In charge of the Michigan Manu- facturer's technical department as Technical Editor will be Howard Campbell, who has had several years' experience first as machinist and tool maker, then as executive and later as efficiency engineer in several manu- facturing plants in Michigan and else- where, and who at present is ad- vertising manager of the Packard Motor Car Company, Detroit branch. Mr. Campbell's first series of ar- ticles, now in course of preparation, and which will deal with the varied metal working industries in Michigan —taking tip in order each class of FIRST MORTGAGE BONDS Industry no longer purchases —"sight unseen"— All materials are submitted to exact- ing physical and chemical analysis— Yo ucannot examine an investment with a microscope—but you can incesti- gate the worth of the tangible property which secures it — when it is Detroit property. Our first mortgage bonds are issued against property located in Detroit—and Detroit only; property worth at least double the amount of the mortgage; property whose earning power substanti- ally exceeds all interest charges. These bonds pay 6%; are tax exempt in Michigan; normal Federal tax of 4% paid by mortgagor; the denominations range from $50 to $1,000. MET It 01 21 watirGA,Gig 074 conronAT1 Third Floor, Real Estate Exchange Bldg. Main 1823 Main 1823 • What Do You Know About Lumber? When you want information concerning the proper material to use for building. talk to.theiumberman in, your neighborhood. Visit the lumber exhibit on display at the office of the DETROIT LUMBER DEALERS ASS'11. 114 Woodward 700 Vinton Bldg. OTIS & COMPANY (Members of New York, Detroit, Cleveland, Chicago Stock Exchange.) ORDERS EXECUTED IN MOTOR, RAILROAD AND INDUSTRIAL STOCK ON ABOVE EXCHANGES CADILLAC 6602 Second Floor Majestic Bldg. "God Did Not Forget" LUMBER COMPANY ANNOUNCES NEW (Continued From liege Two.) SCALE OF PRICES paused skilfully. "You want a little money for the holidays," be said. "Not" said Finkel. The young man turned and banged out of the store, upsetting a bag of potatoes on his way out, Tears trickled down Mrs. Finkel'' aged cheeks. She gulped, and her husband turned with an effort and looked out of the tiny window into the street . . . but unseeing. "I am sure God will not forget," said Rachel. Bonds Bonds W. A. C. Miller Co. Makes G Reduction Amounting to 27 Per Cent on All Hard end Soft Woods, Announcement Friday by W. C. Stannish, treasurer of the W. A. C. Miller Lumber Company, to the ef- fect that general reduction cf 27 per cent on all hard and soft woods, in- dicates price cutting in all lines of building material may follow, greatly stimulating building activity in De- troit. The hours passed; Yomtob was 24 Mr. Stannish stated that the action hours away. It was going to be an of the Miller company was in accord unhappy New Year for Joseph and with that taken generally by lumbet Rachel. firms generally in the city, but that But they determined. with true Jewish it had been long contemplated and stoicism, to face their friends with would have been put into effect had cheerfulness. They would not carry not the concerted movement taken their troubles on their shoulders. place. Yet they both felt that a skeleton While the saving on a single dwell• would tie at the feast. The grim re• ing; through the fall in lumber prices membrance of their harsh circum- is comparatively small, it is said, the stances would confront them in the effect on building materials and on synagogue, in the street, at their construction itself can hardly be over- friend Shelnek's house. estimated. 13111 stuff has been re• Joseph was away from the store, diced $55 a thousand, hardwood floor and Rachel was doling out sonic can- ing, laths and yellow pine boarding dles to a little Lewison, when the has decreased proportionately. landlord came in. lie wanted some Mr. Stannish stated the numerous money . And money there was none. persons, before afraid to build be• When he went out he left Rachel cause of loss on initial investment trembling. lie had been very abusive through decrease in the price of ma- and rude. She was old and could not terials, were now availing themselves stand abuse. She sat down, a figure of the new scale of prices. In his full of frail pathos. opinion, pine woods have reached The little door opened again, the their lowest ebb and a reaction may tin bell rang shrilly, and she got up he expected to set in at any time. to serve the customer. "Well?" she said curtly, as she got At the suggestion of Ronald Storrs, on her feet. late Governor of Jerusalem and act• There was no answer. ing civil secretary to the new Rachel looked up in anger. She administration, Professor Nalum did not like to be kept waiting. Re- Slousch was unanimously elected a spect should be paid to age, she member of the pro-Jerusalem society. thought. A tall, bearded young man stood in Sam Lyons, a prominent citizen of HOWARD CAMPBELL the shop, dwarfing its proportions by Motors, Oils, Mining and Curb Industrials for Cash Danville, Ky., who died on July 25, operation, describing processes, ma- his height. left a will wherein he remembered or on Moderate Margins "My motherl" he said softly. terials and equipment—it is expected practically every Jewish, Protestant A mist swain before Rachel's eyes. will run a full year, beginning some Her bosom heaved with sudden emo- and Catholic charity in the neighbor- time in December. Incidentally, as tion, her fingers laced and unlaced hood. the series progresses, the reader will themselves in her black shawl. She obtain an idea of the commanding strove to speak, and could not. Joseph Schwartz is first baritone o Real Estate Exchange Bldg., Detroit scope and importance of Michigan as "It is Mark, come home at last!" of the Berlin National Opera, and TELEPHONE CADILLAC 6150 a market for mechanical equipment. commands the highest salary of any said the man. 0 (Established 1903) But it is not alone to this phase She suddenly dropped on to a box. singer in Germany. Mr. Schwarz is Direct Private Wires that the news department will devote and wept as if her heart would crack. ardently Jewish and frequently places 41 Broad Street, New York its time. There will be descriptions With almost a bound he was by her, 011 his concert programs Jewish Weekly Market Letter Sent Free II of new things mechanical as they are on his knees to her, his arms about music. He is a Russian and if the • "No Promotions" brought out, together with all the her neck, his head on her frail shoul- immigration laws permit. expects to a important up-to-the-minute informa- der. visit the United States in a year or 0=0=101=01= 1 0 =0 00=0=0=0 tion on methods as they are per- Then Rachel found words. two fected. The discussion will be by To Rachel there was nothing in no means limited to the automotive the hour that followed but the fact and metal working industries, the that her Mark was home again. She other lines of manufacturing activity wept, and laughed, and talked all in in which Michigan excels—such as a breath . . . The strong man had pulp and paper production, drug much effort to keep back his tears. manufacture mining, furniture manu- Presently "ding-a-ling" went the ing er and ' salt production little bell, and Joseph came in slowly, facture, lumbering painfully, his head hung, his gait — will be given due attention. The advice, consultation and suggestion of feeble. d , with Mother and son said nothing, but readers of the paper are invited, a view to publishing information of waited, smiling to each other, while interest to individuals and individual the old man shut the door. Joseph did not look up. enterprises . "We will have to go, my Rachel," said, sorrowfully. And when she WESTERN MARYLAND he cried out in a transport of joy that he was wrong, Joseph looked up, won- Western Maryland reports gross deringly. for the first three weeks of Septem- Then he saw his son. ber us $1,516,765, a gain of 32% over There were many happy reunions corresponding period of last year. that New Year's time; but in the Operation for the first seven months whole East Side there was none so of 1520 resulted In a deficit of 2138.- happy as the Finkel's. The old peo- 684 but this is accounted for by the ple glowed with the intense pride that extra heavy maintenance charges the Jewish people have for their first- which took over 56% of gross and born. Mark was rich! His rock- drill had been taken up n) a big firm were 61,457.000 greater than In the of capitalists. Mark was to receive corresponding period of 1919. With a fair royalties, and Joseph and Rachel return of normal charges, It Is ex- would be able to live in comfort and pected that the road will show net case for the rest of their days. after rents of close to $5,500.000 under The store was to given up. This the'new rates. After deducting fixed idea cost Joseph many a pang; the charges of 12,800.000 and preferred little shop was a part of him. But dividends, this would be equivalent to no matter! The boy was with them over $2 per share. A consolidation again! The neighbors flocked to greet with Wheeling & Lake F.rie Is expect- Mark, and Mark gave a big dinner ed at some time in the future, which to all his parent's friends. will be of great value to both proper- There is nothing more to tell, ex- ties by providing a through line from cept that Rachel told Rabbi Tcymann, the Great Lakes to Baltimore, tap- timidly, that she knew all the time ping the Pittsburg district through that God would nut forget.—Jewish the Wheeling & Lake Erie connection Exponent. with the Pittsburg & Weat Virginia. The construction of a road be- Kinereth and Tiberias, recent- UNITED ALLOY STEEL tween ly undertaken by the administration planned by Engineer Pinchus was United Alloy Steel is in a strong Ruttcnberg and the contract has been financial position, not borrowing a awarded to the Jewish Agricultural dollar and with current aenete over Laborers Organization of Palestine. 4 times current liabilities. On August Benjamin E. Bensinger, president 31st net quick assets were $9068,00 0 or $17.25 per share, compared with of the Brunswick-Balke - Collender Co., Chicago manufacturers of bil- $1325 at the close of 1919. Earnings for August were 38% greater than In liard tables, phonographs and auto- 1919 and net for September is ex- mobile tires, has taken out $1,000,000 life insurance in favor of that com- pected to be even better than August. pany, on the ordinary life plan. Mr. If the company did not earn a dollar Besinger has been the head of the during the final quarters net for the Associated Jewish Charities of Chi- vent would exceed $6.60 per share cago. later taxes, compared with $4.15 earned in 1919. Cash and government securities on hand amount to $2,483,- non or close to $5 per share and net tangible assets amount to over $44 Theatres, Dry Cleaning Plants, per share. OTIS & CO. Tailor Shops, Confertlonerlec, Gro- October 7th, 1920. series, Hotel, Rooming Houses, Restaurants, Etc. Dansard-Hull-Bumpus Co. Investment Bankers 47 Congress St. W. Detroit Stocks Stocks C101===0=101===20 =01= 0=0=0=00 1 i CHARLES A. STONEHAM & CO. g i Choosing the Girls at Central UNUSUAL PROFITS 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 Abraham Cooper, President. Leonard E. Brown, V. Tres. DIRECTORS Julius Rubiner, Direct or. Assistant Cashler First State Bank - David Cooper, Sec'y.Treas. Lest D. Upson, Director. Formerly Executive Secretary of Compa the national National Cash Register Claude M. Beers, Director. Assistant Cashier National Bank of Commerce. Write or Phone for our Booklet— ABRAHAM COOPER We cannot afford to be disappointed in the choice of a telephone operator. Upon her efficiency is staked our reputation and the high standard of service which we are trying to give Michigan. We Sell WAGSTAFF & CO. Does Your Accounting System Meet . Your Needs? In recent years many organize tions have expanded so rapidly that they have outgrown their old accounting systems, and un knowingly are sadly in need of new methods In few cases it Is possible to meet the needs of a new stage of development by tacking on addition to the old accounting eyetems. Certified Public Accountants can truly judge the needs in those cages. TELEPHONE—CADILLAC 7509-7510. Detroit, Michigan 2219 Dime Bank Bldg. Advertisers Appreciate The High Grade Trade of Chronicle Readers • . • 311 Majestic Bldg. Cherrf 65 U tz Main 1041 Penobscot Bldg. Woolworth Bldg, New York How wisely we have chosen is reflected, today, in the ever increasing efficiency of the service rendered by these girls—a service which we can now state is fast approaching its pre-war efficiency. THE Al MILD HAVANA CIGAR grva: Cf OPrtifledPublicAccourdards Even during the post-war period when girls were so hard to obtain, we stood by our stand- ards—selecting, carefully, girls into whose personality and character have been built those qualities of cheerfulness, even temper- ament and physical and mental alertness that will qualify her, after a period of careful train- ing, to become a truly efficient operator. MICHIGAN STATE TELEPHONE CO. "Our Ambition—ideal Telephone Service for Michigan" HENRWHATTER DETROIT'; EXCLUSIVE 4$ HATTER •RATIOT AVE. COP. LIBRARY AVE.