In the World of Business and Finance Among Banks
Daily Jewish Courier, Jan. 3, 1923
The Liberty Trust and Savings Bank issued six per cent bonds worth three-quarter of a million dollars in sixty days. During its tenth anniversary week, the above-mentioned bank gained 4,265 new depositors, each one depositing an average of $31.
Messrs. Braude and Superfine of the Independent State Bank announced that this year the sale of gold bonds is by far greater than last year.
The Noel State Bank issued new bonds. The money will be used to erect a building on the corner of Montrose Avenue and Rockwell Street. Mr. James Davis is vice-president of the bank.
Real Estate News
Samuel Lederer sold the apartment building at 7735-7757 Sheridan Road to Edward 2Satz for the stated price of $90,000, over and above the mortgage of $80,000.
Louis Zissman bought the thirty apartments at the southwest corner of Park and West End Avenues from Charles J. Miller for the stated price of $134,000, over and above a mortgage of $117,000.
Rose Cohen, together with a few other people, bought the twenty-two apartment building on the northeast corner of 49th Street and Calumet Avenue from Will Davis for $144,000. Kaplan and Kaplan were the attorneys.
Nathan Goodman took over two properties: the southeast corner of 67th Street and Blackstone Avenue, and six apartments at 6734 Clyde Avenue.....
Simon and Samuel Strauss paid $800,000 for the northwest corner of Michigan Avenue and Roosevelt Road, which contains two, five-story buildings on a lot 100 by 171 feet. Experts expect that this corner will become one of the most valuable in Chicago.
3Morris B. Rissman bought the lot on Washington Boulevard and Parkside Avenue with the intention of building ninety apartments on it. The price of the lot was $53,500.
Abraham J. Epstein bought the Martin property, a lot 100 by 250 feet, which runs from Morgan Street to Sangamon Street, nearly 150 feet south of Madison Street. Since Mr. Epstein has also an option on the adjacent lot, he plans to erect a large garage and service station on both lots.
Aaron A. Alexander, vice-president of Alexander Woolens Company, bought the 18 flats on the southwest corner of Magnolia and Wilson Avenues. This building was sold by the heirs of Edwin Webber for the stated price of $35,000, over and above the mortgage of $32,000. The buyer intends to improve the building. Edelson, Tennenbaum, and Kotin were the attorneys for the buyer.
Alfred Stern and Paul Appelbaum bought the stores at 3607-11 Irving Park 4Boulevard from S. Milton Eichberg, architect. The stores have seventy-five feet of frontage. They also bought the two-story building at 3965-69 Elston Avenue.....
Louis Zelig sold the northwest corner of Roosevelt Road and Mozart Street to J. Levin. The lot is 50 by 125 feet. The price was $26,500, over and above the mortgage of $22,000.
Rose Cohen bought the northeast corner of 59th Street and Calumet Avenue from Will M. Davis. There are twenty-two flats, and the price is $94,000, over and above the mortgage of $47,000.....
Greetings from Braude and Superfine
"To the Daily Jewish Courier, Chicago: We congratulate the Courier for starting a financial section. It is one of the most important things that a publication like the Courier could have undertaken.
5Braude and Superfine,
Independent State Bank,
Bond Department."
Kuppenheimer Shows Great Profits
For the year ending October 28, 1922 the Kuppenheimer Clothing Company showed a clear profit of $366,211. From this sum, however, they have not yet deducted their income tax.
