The Detroit times., 1910-11-19
BUSINESS NOTES.

The oral real estate call received
it's first test at the luncheon OF the
real estate men. Thursday. About
$500 900 worth OF property was listed
Building operations seem 10 be run
ming through a dull season but this
was more or less expected with the
approach OF winter Building permits
show falling on and new contracts
OF any size are scarce.
Three outside creditors OF the Hen
derson department store at Lapeer
asked for receiver for that con
Germ in the United States district
court Thursday. on the ground that
acts of bankruptcy had been commit
ted by il.
The Swedish Cruclble Steel Co. a
500. 600 corporation, is reported to
have purchased factory site on the
Grand Trunk tracks. in the Ham
tramck factory district. and will erect
a modern steel plant there. one
building will be completed by Feb. l.
Albert Strauss. of the firm OF j. &
w Seligman. New York, and James
! Starrow. OF the firm OF Lee. Hig
gibson Co. Boston. arrived in De
troit Thursday. and will spend sew
eral days on the affairs of the Gen
, eral Motors Co. Of which they have
recently become directors.
The report OF the United States
Express Co. for the fiscal year end
! ing June so shows a falling of in
net income. although gross earnings
increased from $l6SJ1.S64 to Sl7.-
| ESQ 236. Net earnings were reduced
/ from $45l,7O4 TO S44S.03l The div
dend rate was increased from per
cent annually 10 per cent. leaving
! a surplus OF only $l9J.S90 from the
years operations
The Adcraft club held the second
meeting of its Target talk" series in
1 its club rooms. Thursday night. The
/ special feature was Maurice Saun-
! ders' lecture on the art OF lithography.
! which proved highly instructive. Tar
| get talks" were given by X. r. Drys-
| dale on The advertising man." J. y.
! SChlOtman. on The breadth OF view
! OF the advertising man" and by ".
! II. Sanderson on THE realignment ~
! the advertising manager in the sell.
! ing organization" The prepare ion
OF copy" vas discussed by c. G. Win
ningham, Henry Evald l.. A Pratt.
! and others
The Barnes Motor Co. which last
summer succeeded the Anhui Motor
| Car Co. was forced into bankruptcy,
] Thursday an a petition Of Frank
! Howard representing claims which
/ aggregate $4,000 William NJ Wal
! lcr was appointed receiver and will
! face the problem Of getting what ho
can for the creditors The liabilities
arc listed as Si43.54O and the assets
! rs SG4.2i2 The company was IN
[ dcrStood to be in difficulties owing 10
lcXtravagant promotion expenses when
| the Barnes company took IL over. The
! chief assets OF tho company are parts
and machinery Al the plant at No.
! $40 HoWard-st and real estate and a
! factory In Chatham which are valued
! at $4,000 in the schedule.
| Part Of the money 70 pay The local
| liabilities Of the General Motors Co
has been placed on deposit in the De.
\ tToit banks. How much this amounts
] 10 has not been given out. but IL is
stated that at least s.. 100000 has ar.
rived IN Detroit. According TO reports
on Griswold-st. the liabilities To be
paid through Detroit run up to $4,000
900 There has been no authoritative
statement as TO who will be the four
Detroit members of the General Mo
tors directorate when II is permanent
! ly organized. Henry NJ. Leland, of the
! Cadillac, will fll one OF the positions,
/ IL is expected.