The Detroit times., 1911-02-02
BUSINESS NOTES.

Charles T. Miller. president aud
genera, manager OF the Ray Chemical
Co, is giving up the management OF
this concern TO accept the secretary
ship OF the Canadian Bridge Co. Of
VAUDEVILLE. succeeding Burnham 8.
Colburn. The directors OF the Ray
Chemical Co announce In conse-
quence the following list OF officers:
Gustavus ID. Pope. vice-president;
Harry A. Burnett, vice-president and
superintendent; Joseph b. Schlotman.
treasurer and general manager, and
DIR. Carl s. Oakman. secretary. Mr.
Miller, retaining the presidency, Will
regularly devote a portion OF his time
to the company as chairman OF the
executive committee.
There Is considerable talk In the
air about an impending dividend on
I,etroit United stock, and Il Is likely
10 be one OF the most important Ques-
tons discussed In the annual meeting
TO be held this month. The success
81 the company In floating Its bonds
in the eastern market removes one y;
the most serious obstacles to the pay
nent of q dividend. Earnings OF the
road for 1910 were s9,297,760, and It.
Is believed that the net earnings will
be about 10 per cent on the stock.
This would warrant the payment OF a
S per cent dividend, restoring the rate
previously paid.
Julius Stroh has added TO his DOVE
town real estate holdings two brick
stores at Randolph and Macomb-sts..
facing on Pingree-sq. The lot has
frontage of SO feet on Randolph and
40 feet on Maoomb. The stores are
occupied at present by the Richards
e. Huetter Shoe Co. and the Yale Hat
store. The price is said to be about
500. 600 The deal was negotiated ny
Orleman Il Roberts for John MeKib-
bin. the sowner Addison I. Lincoln
represented Mr.. Stroh.
The Detroit Union Railroad Depot
aud Station Co. held the annual stock
holders meeting, Wednesday, and re-
ports submitted showed that the gross
income OF the company for the year
war S107,s1l.86. a slight decrease
from the figures for 1909. Directors
were reelected as follows: Henry u.
10y, Richard p. JOY. Truman II. New.
berry, Henry ID. Sheldon, Philip II. Nc.
MILAN, Willis z. Bull, James @. Mil
Ter. Officers were chosen as follows:
President, Henry B. JOY; vice-presl
dent, Richard p. JOY; secretary.
James G. Miller. Mr.. Miller has becu
secretary of the company since Its IN
In 1891
The movement for the erection OF a
new building for the Board OF Com
inerce Is beginning to take definite
form. The building committee In ,ts
meeting, Wednesday, tentatively dis
oussed plans for a convention hall and
board rooms on the present site at
Lafayette blvd. and Wayne-st The
plans have not been discussed, how
ever. The first formal step In the or
eanization OF the campaign for new
members was taken at the lunchec.4
OF the directors and invited members
OF the board In the Hotel Cadillac,
Wednesday. About so members pres
ent pledged themselves to devote to
the work two hours a day for Is days.
BESIDES these about 20 members mad
pledged their services In prelimin-
AIRY meeting. The workers will be d.
vIded into committees OF four and
cards will be given out to them with
the names OF business men who, II IS
believed, should belong to the organi.
zation.
Further improvement of the pack
age freight service from Detroit Is
announced by Secretary Robert IL.
Day, Of the transportation bureau of
the Board of Commerce. The Michi-
gan Central announces a daily car
from Third-st. and from Beaufait sta.
ton to Chicago and points on the Chi
cago and Northwestern. The Grand
Trunk Is also Offering improved SER
vice to the east and to Milwaukee.
Robert G. Berger & Co., organized
TO deal In leaf tobacco on a whole
sale scale. fled articles OF incorpora-
ton, Tuesday. The company Is cap
italized at $4,000 and $4,000 has been
paid In Henry T. Berger holds %
OF the % shares OF stock.
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