The Detroit times., 1910-12-16

gathering formal meeting for the
organization OF such "a society VIII
be called within week or two. IL
is argued that the underwriters should
he In a position to act as unit. Just
AS the real estate men. the builders
ana other lines OF business do.
The Iron Trade Review, Of Cleye
land. says that the steel trade Is
suffering not SO much iron. decreased
consumption as from surplus facili
Ties. Structural steel contracts Offered
TO manufacturers during The year just
closing reach an estimated total Of
100000 tons, which il close 10 the
record business OF 1906.
The directors OF the Security Trust
Co. met for organization. "Wednesday
afternoon, and elected the following
officers: President. C. c. jerks
vice presidents. Emory w Clark. Lem
w. Bowen and Charles o. Patch; sec
relary and treasurer. Charles Moore;
assistant secretary. A. r. Green. The
regular quarterly dividend vi 2 per
! cent was declared
Nipissing mines has declared diyi-
dept OF per cent with 2lz per cent
extra, the same rate paid for the last
quarter. Books close Dec. "A. and the
dividend is payable Jan. 20. LaRose
Cons olidated has also declared the
regular quarterly dividend OF 2 per
cert. The company showed cash re-
sources on Dec. 10, amounting to
$3.50, 600, the highest IN its history.
Drawing for space in Detroit's au-
tomobile show, which will be held in
the Wayne pavilion. Jan. IL To II. be-
gan " ednesday night, IN the quarters
of the Wolverine Automobile club, In
the Griswold house. Members OF the
Detroit Automobile Dealers associa-
ton were given first pick, and the
choicest allotment fel! TO the Winton
Motor Car Co. Thursday evening
there will be "A drawing Tor applicants
not members OF the association.
Down east Horace Greeley's fam
Gus bit of advice. Go west, young
man" is still potent influence. ap'
parently Every day the mail brinSS
Acting Secretary Norman Flowers, of
! the Detroit Board III Commerce, at
least one inquiry from that section Of
OF the country. regarding Detroits al
vantages as a place III which TO live
and labor. incidentally these inquir'
/ les show that Detroit is being very
well advertised through its motor and
other industries and through the cf'
! forts OF the Board Of Commerce.
The Armstrong Tanning Co, is The
! latest entrant into Detroits industrial
! field The company will manufacture
| leather goods and deal in hides, tan
ming materials and supplies The cap
ital is placed at 100000 of which s15
900 has been paid in cash. The stock
holders are Edwin T.. Henry |. and
| Phillip Armstrong, according 10 the
articles of Incorporation filed with the
county clerk, Thursday. Gustave A
1 Moebs G. Co. have filed notice OF an
increase OF capital stock from $4,000
to $4,000.
The Carnegie Steel Co. was awarded
contract for 10000 tons for a Cana
dian car company, and few other
structural contracts were closed dur
! ing the week. Pig iron orders are
not being placed on account OF inven-
tory. There have been several meet
, ings OF manufacturers in iron ana
! steel lines recently, and the senti-
ment against permitting any demon
alization of prices Is very strong. 1t
! is not at all certain that the lower
prices which many buyers expect
after the first OF the year will &c
realized In spite Of the somewhat un.
I favorable outlook.
There will be a good deal Of friendly
rivalry for the office of president at
the annual election of the Detroit
Credit Mems association in the Pont-
chartrain. next Tuesday night. Wade
Mills, who has served in that ca
pac.ty 70: several terms. and und"r
whose administration the organi2a-
ton has hourished as never before.
refused absolutely TO accept another
term. Some of the members wanted
! TO eject him anyway, but he made il
known that he positively would not
! accept. Two nominating committees
were then named and each will pre-
seU two names in Tuesday night :
meeting. The candidates will be
! William A. Pctzold, of the J l.. Hud-
son Co, now vice-president Of this as
| sociation; a. +. Johnson, f. X. Ham
/ burger and + l.. Kliagonsmith. There
will be contest also ior the Office Of
treasurer
Several of Detroits big industrial
institutions are vitality interested in
the action OF the Trunk Line associa-
| ton in New York. Tuesday, when IL re-
considered its decision to abolish term
| inal allowances TO industrial lines, Jan.
! l. Had the original decision been al
lowed to stand. IL would have meant
| the loss of several thousands of dol
| lors annually to these concerns. prom
inent among which are the Solvay
| Process Co. and the American Car
ard Foundry Co. These concerns
maintain their own private railway
systems within the plants for the pur-
nose OF handling cars more eXpedi-