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