PAGE SIX
c critorclmrksst aircw
Alemite Lubricators
"For All Makes
of Cars."
Phone Glendale 7942
ALEMITE LUBRICATING CO. OF MICH.
I Investors View Point
Woodward Ave.
Auburn Beauty Six 788 Glendale
7460
CASE "SIX"
DIXIE FLYER
,
WEISMAN MOTOR SALES CO.
14-16 Davenport Avenue
Glendale 2646
ELCAR
JORDAN-COLE SALES CO.
742.750 Canfield Ave. F.
PHONE—MELROSE 6236
BREED, SPEICHER COMPANY
1287 Woodward Ave.
T I. Glendale 4669. Tel. Glendale 5585.
•
—All Sizes—.
•
OWEN & GRAHAM CO.
Distributors
East Grand Boulevard At Oakland
...
POTTS MOTOR
SALES CO.
HAYNE
CHARACTER CARS
SIXES AND TWELVES
LaFayette
Cass and Paterbon)
Male oat
"WI:ERICA'S FIRST PaR"
LaFayette Distributing Co.
1299 Woodward
Eight
Avarua
Miriam, 760
Liberty
S 1X
MILLER-JUDD CO.
972-4 Woodward Ave. At Warren Glendale 427-428
NAS H
VALUE CARS AT VOLUME PRICES
1299.1305 Woodward Ave.
Northway
WM. F. V. NEUMANN & SONS
1342 WOODWARD AVE.
NORTHWAY 2436
S
%Alert commodities advanced fu
price, bonds shrunk in market value.
and there was a continued decline in
bond values until recently. .At the
anticipated tulle that commodities be-
gan to decline in price, bond: of cer-
tain classes took a sudden and spec-
tacular upward turn in market value.
I
1
KNIGHT MOTORS, Inc.
1187.89
.89 WOODWARD AVENUE
Direction Thos. H. Walker Market 3907
AMERICA'S ONLY KNIGHT SIX
Re Vere
"The Car Incomparable"
KETTENRING SALES CO.
Phone Northway 4412
ROAME
cimariasv Caro
Day and Night Service
Highland
Auto Sales Co.
teel•Irthulaes
1770 Windward Ave.
IlrewInek ?Wt.
GEORGE H. ZUVER CO.
813 CASS AVE — Glendale 4605
.1.11.1.M7•11
um_ us.
What is the condition of tae tires
and how long are they likely to stand
up?
Is the motor in good condition?
Has it undergone overhauling or
been through the repair shop since
the dealer acquired it?
These are some of the leading
Automobiles With Years of Ser- points that the buyer can cover and
satisfy himself on with advantage.
vice Still in Them Are Placed
New paint and polished up, nickeled
On the Market.
parts can cover a lot.
Atter ail, a used car is as good as
That the present Is a good time to the dealer who malls it.
annex the beet in used ears is an
Value Is the criterion, and a good
idea that Is being reiterated and em• dealer gives It.
phasized by every dealer doing bush
nom In Detroit today. Reasons of
economy have led the public to hold
back on purchase of new cars until
the new season rolls around again,
and In order to keep their sales ae
Atell0IIIICetelent has been made by
live, dealers generally have concen-
trated attention on used and ex• the Brunswick Phonograph Co. of
changed automobiles, on which they Chicago of the appointment of Lowen-
are expending unusual efforts to give berg s Department Store, located at
1591 kit. Elliott avenue, as a local
value.
The real reasons why exceptional agent, having the distribution and sale
values are to be had by the careful of this famous phonograph. 'rids is in
buyers today are not far to seek. For most commendable tribute to the hon-
the paid two yearn until readjust• esty and integrity of the Lowenberg
ment set In, money has been plentiful. company, which for the last 10 years
The new car market has gone has earned a reputation among neigh-
through a period of demand the like borhood shoppers as a store hissed on
of which it had never known previous. the principle of business sincerity.
ly. While times were brink and when The host of friends this store has
the spring came, purchase of a new made will he glad to learn that they
car was the conventional mactice can obtain the most modern phono-
graph service from this agency.
with thonmands
Mr. Maurice D. Marks, for mariy
It didn't matter if the old car has
seen even less than a alma treason years associated with Weil & Co. and
Finsterwald's
in executive capacities.
of aervice. If the buyer had the price,
the old car wasn't good enough. It has now charge of the furniture de-
partment,
now
showing a most exten-
was traded in for the new one that
hod the touch of style the hover de• sive line of distinctive designs, the
work
of
such
well-known firms as
aired and perhaps maintained the
"swagger" Impression the owner Berkey-Gay, etc. Mr. Marks is now
wished to create as a prosperous vitt. in a position to cater to the most ex-
clusive in this respect, his recent addi-
zen.
The fact that any motor car of the tions showing that the Lowenberg Co.
standard makes will give and is built is determined to take its proper place
to stand frotn four to five years of in the front ranks of furniture com-
continuous service, was forgotten. panies. Ml r. Marks will be pleased to
But it is a fact, neverthelese, and it meet his many friends and show them
Is one that the wise used car buyer a truly up-to-date department store,
can remember with profit. fart of based of modern ideas and extending
the present readjustment that is hav modern service.
ing a most beneficial effect In etabIllz
Inc the automobile market generally
le the lesson the public is learning In
L
All Batteries
this respect. It Is teaching buyer,
that the motor car is a machine that
U
U
will give tar more service than the
majority of people have been asking
of it, if it Is cared for properly and
Michigan Distributors
Is regarded as a husinesa utility
S
rather than a chariot intended to
43-45 Brady St. Phones Glendale 3276-4983
dazzle society row.
Detroit Branches: 16" W.edi♦wl A". ig"""Y Sit
It Is the writer's belief that it is
U
l 1'1°4' a II".
el riva
00000 ...DM , Smash. $39 IF-
often the pert of wisdom for a first
Thom apt
rustWaned; lin North
w
L
lime buyer to purchase a car that has
L
been used previously far his awn best
L'SL USL USL USL USL USL U SI. USL USL USL. USI2 . •
interests. There is not only quite a
— great deal to learn about operation
and care of a car, but there Is also
the damage that the new owner does
to a car through inexperience In driv
ling and other causes. Adoption of a
"N IN ETY"
"SALIENT SIX"
i second hand car to "learn on" le
Market !therefore good practice for the man
Salesroom and Service
350.351
j
who regards Ills automonnible as an
Station, 123135 Woodward
Investment rather than a luxury or
an
expense.
In buying a used car. from the
standpoint of the purchaser, there In
one queation he ran ask the salesman
and Insist on an answer with which
Used wherever power, speed, economy and reliability
he should satisfy himself.
are essential.
That question Is; "What Is the his•
tory of this ear?"
Dealers and salesmen who are con.
Phone Glendale 4121.4122
45-53 Seldon Ave.
ducting used car business on high-
grade lines should he Able to answer
fully.' They should be able to tell
who owned the car, whether he used
• asssateoll tot two years
DstrolS Sales • Borst.*
It for business or recreat'on and what
kind of mace It got.
HUGHES & WALDNER. INC.
Did any Parts have to be renewed
2nd • Canfield Ave.
Glendale 2201
through breakage, weer, &edema or
,
YIWIa.. Distribstors.
other cause?
S
WO Gi110 USL Golden Role SorvIco ea
UNITED ELECTRIC SERVICE CO.
STEPHENS — McFARLAN
SMITH-GLIIVES SALES CO.
Zenith Carburetors
AUTO ELECTRIC & SERVICE CORP.
11111111
Investment Banker with confidence.
The relationship is similar to that be-
tween the family physician and his
clientele. However, the world war
has brought forcibly to his attention
that intrinsic worth in choicest bonds
can cast a dozen different shadows
in price and marketability. He there-
fore also sees the Investment Banker
as an honorable merchant with in-
vestmentgoods for sale, and he
chooses to make his investments on
a business basis. Ile is careful not to
foster over confidence in his Invest-
ment Banker, or to pay for any
lack of skillful merchandising ability.
Trades are continued only so long as
the merchant obeys the law of trade,
which requires that he keep abreast
ofthe times and give at least as good
value and service for every dollar re-
ceived as is offered by his competitors.
The Investment Banker who now
performs a mediocre service will get
the business of mediocre [motile.
The Investment Bond Merchant
who selects to offer the best security'
values will receive the appreciative
patronage of the largest number of
clients.
The investor has assumed a phil-
osophical attitude toward what has
passed. Fle realizes that his govern-
ment bonds, for which he paid par,
are off in price about as much as are
his other securities. But he has adopt-
ed certain mental reservations for the
future, and intends hereafter to make
the most of his opportunities. He has
good reason to believe that before his
bonds mature they will sell at higher
prices than heretofore known, as the
United States is now, for the first
time, a creditor nation. In the mean-
time, he is availing himself of his op-
portunity, during a period of cheap
prices to accumulate exceptional
values in bonds.
Thep resent enlightened attitude of
the investing public, which embraces
a larger number of investors than
ever before, has created a healthy
competition for business among the
dealers in securities. It has placed a
premium on conscientious service, and,
to a marked degree, the investment
house is accepted for the values in
the securities it selects to offer, rather
than the values m the securities being
accepted because a particular Banker,
Investment House, or Trust Company
offers them.
Used Car Offerings
Afford Wise Buyers
Unrivalled Chance
1R. & V. KNIGHT SIX
u.s t. List. ust.
Under normal conditions bonds as a
whole had maintained their values in
steady market quotations, with only
nominal fluctuations in price.
NASH DISTRIBUTING COMPANY
PIERCE-ARROW
WINTON
The world war has had a psycholog-
ical as well as economic effect on the
investment banking nosiness.
ideals of the Investment Banker with
whom they deal, as only through such
confidence can the bond business be
conducted.
Nevertheless, ■ when the investor
discovered that his bonds purchased
at one hundred cents on the dollar
from the Investment Banker or Trust
Company were worth only eighty-live
cents, he lost that illusion created by
impressive Boards of Directors and
substantial banking offices symbolized
by' marble pillars supporting their
structures. Thus the war destroyed
to someextent a certain type of good-
will built up by many old investment
banking houses.
Investors no longer swallow invest.
ments as babies do their bottles of
milk, but rather, they stop, look, and
listen, to determine whether they are
to be pleased to take cream, or half
and half, and whether they arc to be
charged for the container.
The good name of the Investment
Banker and his business ideals are not
now entirely sufficient inducement to
the Investor to part with his money.
The investor requires of his dealer, in
addition, that he shall have invest-
ment vision. Ile insists that securi-
ties shall be sold on the merchandis-
ing basis. Ile is unwilling to con-
tribute continuously to any institution,
no matter what its responsibility,
which pays too much for its goods.
760
The investor continues to treat his
GORDON MOTOR SALES CO., DISTRIBUTORS.
1000 Woodward Avenue
Northway 4712
.."/Weeiv
Piesent Low Price Opportunities Include Buying of High Grade
Bonds in Anticipation of Value Increase
Investors must have complete Con-
fidence in the integrity and business
National - Elgin Six - Premier
1168 Cass Ave.
Modified by Effects
of the World War
These price movements were en-
tirely in accordance with economic
law, but the shrinkage in market
values had been so dra-itic, and the
fluctuations in prices so violent, that
investors were shocked into a state of
inquiry.
General Motors Trucks
TRUCKS
An
Tel. Glendale 7118
20 miles to gallon of gas
instead of 10.
12,500 miles to set of tires in-
stead of 10,000
50% Slower Depreciation
FRANKLIN
[G. M. C
Glendale 7976
4 and 6 Cylinders
Poyver, Beauty, Economy, Comfort
W. J. DOUGHTY, 649 CASS.
Michigan Plans
Best Literature
1,000 Miles New
Demanded by .le ws
Roads Each Year Immigrants Scorn "Best-Sellers;"
23 W. Hancock Ave.
•
LOWENBERG'S STORE
HANDLES BRUNSWICK
WHAT IS A BOND?
Many
Have Only Hazy
Idea of
Nature of Investment
LONDON—During a debate in
Parliament on Britain's policy with
reference to mandates, it became
known that Palestine would soon be-
Collie self-supporting. Premier Lloyd
George declared, in answer to a ques-
tion put to him by a member of the
House of Commons, that the British
army in Palestine would he reduced
in size. and that under the wise direc-
tion of Commissioner Herbert Samuel.
it would soon be possible to announce
that the administration of Palestine is
without expense to the British Crown
and that Palestine is entirely self-
supporting.
Want "Genuine Stuff,"
Says
East Side Librarian.
--- - -
That the Jews an ver y
ellg III theme IlleCar
■
SERVICE and PARTS For ALL MAKES of KING CARS
FOSTER SALES & SERVICE
WARSAW—Referring to the sum
of 6,000,000 marks sent by the AVar-
saw Relief Committee in New York
for the purpose of establishing a free
loan society here, the president of the
League of Small Merchants, in an
open letter to the press, points out
that according to New York news-
papers his league is supposed to or-
ganize the loan society. He urges
that he be given time sum of money to
start the society, as his league is the
only institution authorized to do so. I
ARE MADE IN THE FOLLOWING FLAVORS
ORANGE
RASPBERRY
CHERRY
LEMON
STRAWBERRY
CREAM SODA
ROOT BEER
COLA
BIRCH BEER
APPLE CIDER
FEIGENSON BROTHERS CO.
Uncommon
SIX
GRAPE
GINGER-ALE
HAVE A CASE DELIVERED TO YOUR HOME
r .
On city streets and coun-
try roads Winton Six
cars are not so many as
to be common and not so
few as to be lonesome.
Built exclusively for
those who demand and
recognize a superiority
that is thoro and con-
vincing, the Winton Six
is one of these highly
desirable cars that make
life more enjoyable.
May we show you?
Simply telephone.
Geo. H. Zuver Company
al
y
ifighway Department. demand the best the,- m, i
stature
beginning In 1921. alma to build one and have their own
,hat
thousand tittles 01 new highway each constitutes a literary w. rk •
year."
This he the statement of been proven again and ;l e
Th e
Frank F. Rogers, Slate Highway cone latest to corroborate this 1. ■
InIssioner. In Ills annual report for the Esther Johnson, who, in an
•
le
iu
fiscal year ending June 30th, 1920, as the New York l•:Veiling
ding
reported in the Detroit Motor News. Willi books trail by itioin g •
hav
Most of this work will be done on this to say:
the state trunk line system, which la
"Darwin and Tolstoi ;tied
now nearly half completed, there be- 'go' on the East Side with IL ,',•
• „A t ,
ing 6,600 miles of highway in the hues
athileillt el
protect.
hers and Rupert Hughes
m c .
During the year the stale conetruct- Cfficheon. i lean-Christopl o
ji sa
ed 274 miles of trunk line highway, and Super-hlan' rim each •,• , hard
'winging the total to 2,392 miles. With as hest sellers, ()scar
a,.,.
Indications that normal conditions are them, is inexplicably the ,,
•. , fa-
rapidly returning, the State Highway vorite in the Ghetto, and
Department figures that one thousand intellectual life is comp!,
miles of new Mall Will 110t he too the picture of 'Dorian Gra)
much to undertake.
the
rebellious Byron as 31106, 1. .1 The
Including the trunk time system and Cr/Melilla
bred by too great la,
aril y
the state rewardcounty jobs cum. with the classics is not se,
,s with
pleted, Michigan now has 7,309 miles
most Americans of our best
of !unproved highwaye
"A Russian girl, who w.,, asked
lintel year wan the first in which the
about Huckleberry Finn, la she
state took direct supervision of trunk
found the customs and dial, v; of the
line construction, this having been
Mississippi country strath, h a t
provided for by laws of the 1919 legis-
lature.
The state actually does the Huckleberry Finn himself sr, Ire II like
a boy she knew in Russia. aml she
work, the countiesparticipating in
thought the
bc much
the coston a sliding !wale, according
alike everywhere. The same
wa s
to county percentage of wealth. The
renewed several times by
a .,• ■ )* who
state's shnre of the construction
protested
that
he
must
have
ii
again,
money comes frotn $50,000,000 good
mania bonds recently campaigned for that while he and his father had fin-
ished it, his grandfather, who couldn't
by the Detroit Automobile Club.
Contracts for building Min miles of read English well, was in the [Jurist of
one
of Huck's adventures and they
road were let by the State Highway
Department In the year. The cost couldn't get the book away from hirti,
"Although Clemens holds lirst 'dace,
Wan 19,324,786. Some contracts have
0. Henry is a perennial favordr, for
been carried out; others arebut par-
he to a Ness'Vtlek
tially completed. The remainder will
world with
be done as quickly as possible In the which t le foreigners become parily
familiar and attached it to the greater
ensuring year .
Last year the stale paid $1,362,068 life of America. Ile gives romance
In rewards on roadwork In progress to the commonplace and humor and
under the state reward ;darn of the coincidence to the every-day world.
new law. In all, the state hum paid The tired business man of the foreign
to counties $4,059,163 since the adop- quarter, if he reads at all, demands
something more nourishing than
tion of these rewards.
Commissioner ltogers' report shows Chambers' 'Fine Restless Sex,' or
$8,000,000 expended by the depart. Owen Johnson's 'The Salamander',—
something allied to his life.
went in the fiscal year.
"Au operator 'by pants,' will read
All maintenance work Is done with
automobile license tax money, which with appreciation larciser's 'Sister
Carrie
. —perhaps because it is kin to
the state gets, one-half of all license
fees going to the state and the other the work of his Russian realists. I
half to the county from which they cannot imagine his staying awake
emanate. In the year, the state's over 'Pollyanna.' and her cheery suc-
share of automobile money was $3,- cessors. He will give up a little of
:119,614, making the total tax paid by that precious margin of time between
motorists $3,039,228
work and sleep to Emerson or Thor-
Michigan's record year for road stein Velden or to those great sprawl-
building ended on July 1, 1918, when ing figures of Jack London.
1,032 miles were built. This average
"One considers more and more what
Commissioner Rogers !tepee to see to give such inveterate and fastidious
maintained In the future. In 1906, the readers. It is easy to underestimate
first year of the State Highway De- the intelligence of a collarless :non,
partment, 18 miles were built, G4 and to suggest for him Rex Beach
miles in thesecond year, 96 nines In when hegreatly desires haul's
the third year, 162 miles In the fourth 'Critique.' The embarrassment is
year, and 204 miles In the fifth year. more memorable when he intimates
Beginning In 1912, this mileage was that if it isn't available in English, he
steadily Increased until the war in- can read it in Russian or German or
terrupted the work.
French."
the dictionary delimit ion
of a "bond" in financial parlance
means "a writing under seal, by which
a government or a corporation bind,
itself to pay a certain SUM un ler lee-
inure a future day appointed."
A prominent Detroit investment
banker informed the Free Press that
he meets persons every day with
money to invest, who seem to have
a very hazy and indefinite idea of
what bonds are and why they enjo ■
a preference among investors.
Among many of them, it is the tw-
ine( that to invest in a bond is beyond
their means. When the proposition
is made clear to them and reduced to
simple terms, these persons are often
somewhat astonished to learn of the
advantages that bonds offer as an in-
vestment.
While it will be impossible to cover
the subject in a single article. a short
explanation may prove of value to
many who are not familiar with the
technical language of investment.
Just as the government did during
the war to finance its operations, cor-
porations, when they wish to borrow
111011ey, ill order to extend !Maine',
sell series of bonds, which promise to
pay to those who buy them specified
sums on specified dates.
These bonds also pay a specified in-
terest, and usually every six months.
Should the earnings of a company
that issuesthem, permit their being
called in, as is often the case, the
holder receives an additional amount
over the face value. As security for
these bonds the corporation pledges
its property, or its earnings.
Bonds are graded according to the
security behind them, and it is on ti
basis that banks will loan money to
the holder, should he or she desire to
litirrovv at any time prior to maturity.
A common mistake with those un-
familiar with the subject is to confuse
bonds with stocks.
This is occasioned, according to the
banker quoted, by the fact that Ihey
often appear together in financial ar-
ticles, on letterheads and under the
names of banking firms. But the two
are entirely different. .4 bond repre-
sents a loan drawing interest. A share
of stock represents part ownership in
the business.
Bonds, however, take priority over
stock. and provision must he made to
pay them before any dividends or
profits can be paid to stockholders.
Bonds can be purchased in amount:
ranging from $100 to $1,000 each, to
extend over a period of any number
of years desired, and in many different
classifications. United States or for-
eign government bonds, state' and
municipal bonds, railroads and public
utilities, such as gas and electric cur
porations, and corporations dealing in
industrials and other commodities of-
fer countless opportunities for safe,
Axle Shafts, Piston Pins, and Rings for all makes of ,tars—Wholesals
sound investments to persons in all and Retail.
circumstances. The number of per-
sons of moderate means, who hold
bonds of the great industrial and other
JAMES H. FOSTER
Authorized Ford Service and Parts
corporations is astonishing to those
not familiar with the activity of the 416 to 22 Jos. Campau
Edgewood 3112
bond market. Every high-grade bond
and investment banking house, main-
tains an information service for those
who may wish to he informed alnout
safe investments in bonds, and it is
to one of these the intending bond
buyer should go for such information,
in order that he or she may be prop.
erly safeguarded in this direction
FOSTER SALES & SERVICE
PURCHASE NEW BUILDINGS
The Foster Sales & Service, of
Which James H. Foster is president,
announce the purchase of the building
at 420-422 Jos. Campau which ad-
joins their present salesrooms.
Increased business and the taking
on of several new lines of auto parts
and tires have made this expansion
necessary.
"We have arranged to handle a
well-known make truck in the spring.
besides enlarging our sales and ser-
vice departments," said Mr. Foster,
in discussing his new purchase. "This
flew building, together with our pres-
ent quarters. will enable us to give
the best and most complete auto
service to he found in the city. We
now occupy the entire space on Jos.
Campau ranging from 416-422."
for Good
Roads During the Last
Fiscal Year.
S8,000,000 Spent
MEMBERS D. A. D. A.
813 Can Ave.
Glendale 4605