Detroit Free Press from Detroit, Michigan • 24

A INCREASE APPEARS JN CAR MILEAGE the Market Call 'phone or write Atk for No 330 EATURES SHARES 4 Extraordinary Bond Issue 8 Rose Company 50 BROAD STREET NEW YORK 1920 REVIEW Jrf Sent ree on Request 310 Majestic Bldg Detroit Phones: Main 1100 Main 1101 LIBERTY BONDS bl 104 srriyfiWAP rutvt rr vio: I $1230000 1170000 1150000 blit the follow ed the mills good part 2J u57 (163 (61 WOULD OPEN ROAD OR STOCK RAISERS IH IM 4s Do 2d 4s I 1st 44s Do 2d Do Sd Do 4th 4 Lin and other rules and methods of interest to traders are given in our free booklet Invest ors and Traders Guide" Coiiilciiscil tdined in Manual compiled to every i trader irst year Second year Third year 4 We require about 10000 sq ft of space suitable for offices and garage preferably SO foot front all on the ground floor Location preferred in the terri tory bounded by Woodward Ave and Second Blvd between Stimson Place and Grand Blvd Address Box No 211 ree Press Instead of waiting until you have saved the full purchase price of good dividend paying Stocks and Bonds simply apply your surplus funds no matter how small and secure them on the closing the es record How to Group Invest ments Our experience in many previous bond issues prompts us to urge your early purchase of these highly desirable securities You are cordially invited to call at our office or upon letter request we will send you complete information I tacts con cur Pocket now being Interesting investor and ments modern and attractive to the last detail of convenience comfort and architectural skill our stories solid brick and Only 2 blocks from Cass Park one of stone abundant artificially and naturally splendid outlook quiet street refined neighborhood atmosphere of home Street cars and busses far enough away not to annoy and close enough to be convenient School and churches near at hand 1 Ss ll'rilc for booklet und selected list of incuts How to Give a Broker Instructions Commission Charges How to Indorse a Stock Certificate Start Your Thrift Program Now Railo oils INDUSTRIALS M40 S718 M76 yf 9311 "How to Become inancially a If tells: The General Rules of Trading The Rights of Stock and Bond Holders The Deposit Require inenis iui vauyiug Stocks Liberty Do Dt 4 Do 2d 4 Jo 1st 110 2d 414b Do 4th 4 Victory 4s Do Wh Rose 20 Payment Plan and at the same prices as though you had purchased them outright How this is accomplished is told in our intensely interesting REE book let No 807 PUTS and CALLS 01 or 30 DAYS C90E ODD LOTS Rest safe way to tmrfo No call poaaiblo rlak la ItmitM Profits uollwitid Ask for free book In the Stock with email outlay hundreds of doiiare are made Beware of Broker Mho Are Not Member nt Any hirhnnge KENNEDY CO Kat 1HM Membera Consolidated Stock Exchange New York 74 Broadway Mew York 712 Penobscot Building Detroit Mich Tel Cherry 7921 Jimnrlt (HIU tn 1 CHICAGO Cl I YORK Warning to Investors Don't buy OIL Mining or Motor fitonka without first obtaining butnentlo Informntlon Many uuecrupuloua promoter aroiu'il true stork In OH Companies that have little chance of Protect yourself ngnlnat "fnkn" stocks by reading the Boston Curb Trader the moat fearless publication in the worui Hum pie copy free Send Mr It to dv ruhHencd since BOSTON CI'RB TIC I DISK Trinity Bide Boston (17) Musa 200000 1200000 1140000 Seventh year GREENAMYER CO 512 ifth Ave New York Located at Nos 444 46 48 Peterboro St between Cass and Sec ond Avenues in the heart of an established and exclusive residen tial section beauty spots and the 'new $4000000 Masonic Temple the finest Masonic structure in the world Only one block farther from the proposed $2000000 ellowcraft Club There are 68 apart absencc of more than a tenta January re investment demand this was partially attributed to belief that investors as class holding aloof in cxnectation of a clearing of the financial atmos phere Year end settlements were accomplished without the slightest disturbance to money rates ew it any new loans for more than moderate amounts weie negotiated practically all accommodations be ing restricted to renewals includ ing a goodly percentage of com mercial paper There was considerable diver gence of opinion among bankers respecting the Immediate future of the money market Conditions in that quarter it is generally be lvcl must of necessity be govern ed by developments in general bsincss and' Industry during? the nrst few months of 'he new year Another potent factor in the money situation will be the atti tude of mercantile interests to $212500 Issue Registered by a Michigan Trust Company 6 Guaranteed irst Mortgage Bonds Covering both land and building of the above beautiful Cassboro Apartment We want a general sales manager with business ideas and vision with extensive experience who can handle passenger car and truck sales along modern business methods The manufacturer is in excellent financial condition with no unbalanced inventory or a single finished car unsold Not a new chassis one thoroughly tried out A most unusual opportunity for the right one who can instill confidence in the trade backed by a business policy To the right man the future is big Write us your experiences Your letter will be treated in strict confidence Address Box No 194 ree Press JONES BAKER Specialists in New York Curb Market Securitiee 568 PENOBSCOT BUILDING DETROIT Telephone Cherry 7220 Offices in 8 Principal Cities Direct Private Wlrea ijprn is airainst Tnnunrv Mn tracts Th first of beset were promptly stopped and Januarv went to a premium of about 65 points ever March hut later notices were allowed to circulate causing some irregularity Liverpool buying here to cover the short end of straddles hag been attributed partly to a de sire to establish losses before Jan uary 1 iiUAD COMPANY und of th litHpue tors of Eletttou nd th frant' trtiuu ofjrh other busings an may lawfully bo brought before the nicutirig will be held nt Ihu principal office of the utnpany Rocm ') L'nicn Depot in thu City of Albany on the fourth Veiiduy (being tho lay) of January ut 12 o'clock noon The wll be opened at 12 noon und continue upen for one hour thrroaftrr By order of the Board of Directors EDWARD STEPHI'INSON ederal Trade Official Urges Better Marketing Systems Special to The I 'rvr 'Washington Jan 1 What the farmer needs in his relations with tlie packers is an open road for his products on their way to the ultimate consumer Jturand of the ederal Trade commission to day declared before the American arm Economic association To open the road and keep it open to the end is the purpose of the legislation that congress is consid ering Durand said He added that whether the deetee issued against the packers succeeds or fails whether legislation is passed or not live stock farmers of the country need a bett' system of farm ac counting a better understanding of the packets' cost und Um packers' accounting systems a tetter mar ket infurmation system anil a bet ter system of tffarketing worked out these things' Durand said "the farmers will be in a stronger position to inter Into1 I lose and Intelligent Inter rela tionship which should exist lx tween farmers and packers The prosperity in i tie luriner ami ine parser I necessary in the public Ifiierest an each performs a service worthy good reward" High Low Close yit" nj nJ Kino Ki4X794K53O MB0600 CalUbln Jun 15 1X12Jun 15 15 1927Jun IS W3Nov 13 1927Not bioOct 161933Jun 1922Jun 16 is a fl 1 a dook ui unusual luiui'iai to ah who want to save more and invest with greater profit It tells how a novel plan enabled Veter Perkins to become finan cially Independent by invest ing S25 per month And it allow how you can do the same It is a fact founded book that ia more interesting than fiction Write for REE copy today KRIEBEL 8 CO Investment Bankers 137 SoLiSallcStQiicado livKrtid by MacCrono Tlivit ir KuVural of Liberty bonds on th Htork exchange When a hitfhe ruto Liberty bond is Issued in ex clinngn fur lowt the bond iHsu'd In ox rlmntfi ha the Maine maturity und inturest dati th bond turned in In the tfUdo below first 4h am which have Iweti ImhuI In xchanRo for the 3y Tlrtd Dis are Bis lHud in exohnnsf! for original of the mtcund loan Swund MD Iwued in rxt hxnKo for su vond loan 4h Third arc the third loan nrlstl tt il bond ourth 44 Dvr oent bonds ar the fourth lonn original btnda irst lli pt cent bon la ar the fifth Victory loan original im c'ht bond Accrued Intert at to time of wdei or nur chiis should be added to these prices Which represent the day's on tho New xora mock rxcnanKr: Sales Dec I Wlooo Liberty 3a jw XOiiid Spnojion IM2W0 9970Ol Victory 4s 4MUOO Do 3 rank Seder Lease Part of Block Next to Store Site rank Sr Heder of Pittsburgh one nf tha largest ready to wear cloth ing store corporations In tho coun try with stori's In several large cities have Just' leased the upper Honrs of the Traugott Schmidt building on the west aldo of Wood V'ard avenue between Grand lllver avenue and Clifford street end will ise this space In conjunction with fnupcrtv adjoining which they ac quired In the This will give the firm frontage of 180 I vet mi Woodward avenue above the sicoiid floor and of 20 feet on the street level Un May 1 the firm will commence to' demolish tho building at 210 23 Woodward avenue and will erect a modern eight story building on the site The entire store Is to be equipped with the most modern merchandis ing devices obtainable The rnar cliandlse will consist solely of rewdy rnade elotbing for women men and children and It is planned to make the establishment the lar gest exclusive ready to wear cloth ing store In Detroit Andrew I Malott of McKcrchey0 Malott represented all parties in tlie negotiations for the leases which arc said to establish a new high mark for Woodward avenue rentals amounting to 9 600000 for the 30 year period COTTON RECEDES TO LOWER LEVELS PAYMENTS Orw ch month buyi Stock or Bond PurehMrreevTv idMdtnds Wrrtt for lictd IbH oidbookWt RKK Gunnue fif MV Govern Branch Ofcis in trading Cities Main Office: 62 Broad Street New York Dwsei Wirsa i Varvnu Uarktts COAL! Cantering Late in Week Causes Moderate Rallies New Jan 4 The week of the old year saw tnhlishnient of new low prices in the cotton market for both spots and futures The de cline in futures extended to 1316 fur March deliveries while the quo tation for middling cotton was marked down as low as 121 2 in cne of the southwestern spot mar kets At these prices representing a decline of approximately 30c per pound from the high levels of the year liquidation became less active and there were moderate rallies later In the week on pre holiday covering accompanied in some rases by expression of optimistic views with ref renee to prospects for an early new year revival In business and improvement in gen eral trade conditions The early week decline was prob ably 'stimulated by the reported financial troubles in Spain as letlected in the suspension of the bank at Barcelona and continued weakness of the Liverpool market According to trade advices the lat ter was due to depression of trade in Manchester and the Bank of England statement issued later in the week also attracted some bear ish comment Beports from tbc domestic goods trade have rega'ded as indi cating some little Improvement but hardly sulliclent to create any very decided sentiment Sales of print cloths In the all River market for tile Week were estimated at 7'00ii pieces or about the same as for the previous week but considerably better than the recent average anil it is reported that tho acceptance of reduced wages by New England mm operatives is to bo by resumption of some of wlik have been closed a of the last month About 30 notices hnvc sued so far Signs Of Relaxing Money Strain Appear As Year Ends New York Jan The closing week of a renjrkable year in the securities market was enlivened by a brisk demand and consequent partial recovery of many repre sentative shares especially rails together with signs of a relaxa tion of the protracted strain Liquidation and short selling of speculative stocks continued how ever tho further reaction being traceable to the weakened techni position of certain issues and the" obvious purpose of corporate Interests to adjust losses against Ibconm (ax payments: sp Disappointment was expressed at the absence of more than a tenta Offers these exceptional bonds with the assurance of immediate purchase by persons seeking a solid sub stantial and fully protected investment in the form of guaranteed first mortgage bonds trusteed by a Michigan Trust Company issued upon choicest Detroit improved property Appraisal of Property $42680000 Total Amount of Bond Issue 21250000 Estimated Income 8160000 Bonds Mature Serially as ollows: ourth year ifth year Sixth year $15160000 West Virginia $ft Mine Run I (Better than 60 Lump) Best Virginia $11 7 24 hour Delivery 2 ton Loads or Over Great Lakes uel Co West 1097 ANDERSONBROWH5C0 STOCKS CT BONDS Wanted: Sales Manager (AUTOMOTIVE) The New York rirtrul UnilroHiJ Albany Ihvinbvr 27 IVO NOTICE IS HEREBY GIVEN "that the Annual Alerting or to holders an the Annual Election of Directors' of THE UNITED STATES MORTGAGE BOND COMPANY Ltd (Incorporated Under the Laws of the State of Michigan) We Redeem Coupons on all GERMAN BONDS Government Municipal Industrial Send for special price list on all bonds 2 Wolf Co OBEK1N EXCHANGE HANKERS 280 Madison Ave New York PAYMENTS You can buy any listed or unlisted Stock or Bond on the installment plan ward price readjustments fur ther and more drastic reductions by jobbers 'middlemen and re taller are eipected us a natural development PITTSBURGHIRMTAKES MORE SPACE The United States Mortgage Bond Company Ltd (Incorporated Under the Laws of the State of Michigan) Managed by Means and Wade Bankers AMERICAN SUMATRA In current of our Market iptier we feature complete nport op the above atok Including a chart yhuwjng nrlcQ range WITIMEYER CO Inc Keuuritlea Nrw York DlOO 4 146 JGOO 60 H47 X67U Ha10 R79S S3 20 4 24 9800 450 WOU MG AlniNiv Due Yield UUll LU Jun 15 1947 Nov 15 1942 Jun la 1M7 Nov 15 1942 Sep la 1928 Ort 15 1938 May 20 May 30 W23 LACK RAIN HITS SWISS ELECTRIC PLANTS Berne Jan 1 Iick of rain tor 1G weeks has so reduced the water power of most electric plants here that there has been a shortage of power Steam locomotives which had boon dlsplacod by electric en gines have been put loo in service temporarily on some lines sw OREIGN EXCHANGE Prolific Profit Prospects Take advantage of the fact that our liar ii worth 6 ah Uinta or francs 3 guilders 30 liref 6 Swe iih kronen 8 Mexican pesetas 73 Ger man marki 384 Austrian kronen etc I Let fjridain (hr poaibiUfta I In port lit fjtitti sml upon rffjurtt Winkelman Co Guardian Building Cleveland H' Telephone Main 6570 How to in St Pere Marquette President Com mends Efforts Tn a communication to employes of the Peru Marquette railway ex pressing appreciation of their ef forts to increase tho company's car mileage rank 11 "Alfred presi dent and general manager says "Uhlle the showing made for November is only slightly better than that achieved the previous month it is nevertheless proof that my successive appeals have not fallen on imrcceptivc cars "The average car mileage for day for November was 1958 The aver age car mileage for day for Oc tober was 1918 "The showing made represents a further sincere effort to increase the mileage and thereby to reduce tlie per diem charge of tho foreign lines against tho 1'ero Marquette railway It Is a performance slight ly better than one fifth of I per cent and represents a greater ef fort to that extent "or the month of November our average car miles were 383692 a day Tho average cars on the line each day amounted to 19600 com pared with 422766 miles a day and 22038 cars on the line for October Our average miles for car a day consequently for November was 1958 which Is somewhat closer at least to the standard set 24 miles for car a day Let us make a su premo effort to reach this standard during the period when freight traf fic Is light "You will seo what economy would have been effected had we reached the 24 rnllo standard In November The same transportation service 383 692 miles a day could have been made at tho 24 ear mile standard with 15987 cars or a saving of 3613 cars at a charge of 9b cents a day for tho 30 days of the month referred to means an aggregate saving of $9755100" A' PARTIALBEGOVERY fe' S' I I er I 77 i $vU 1 7 IfsW twHnSM' si Sim ijSB Mw MMm il MBs I i hi lllfe SvWIEb' I IB Muumn tajisiai gw? ff www WbmMM 1 1 4 i i iTvy i I I I a 1 7 4 1 I I I ER I fl I JI TiirmwJ'j 1 'I 1 lv 'A 'll 1 rfi io1 1 (' 1 I1 i jgj 4 7l iW a I'fc I A p' 1 I I i ''o' 17 j'y IM ll I tlL Hi I IHlIiSa I JMiuiiii I 4 i i i i 3 I 5 i I.