The Detroit times., 1911-01-27

BUSINESS NOTES
ne directors OF the Fairview Say
>ru bank has elected omcers as ,oi-
"a: President. w. Z. Moss; VICE
re1idents, DR.. Joseph "A. beianger
I'D Paul II. Deming; cashier, w. J.
Hayes, assistant cashier, Goruon
Doarnley. promoted from the positioa
D auditor.
Paterson Bros. will move their real
ootate and insurance Offices, now In
<ne Sun building, State-st., to the new
~ remodeied Dean building at Nos.
1c1-169 Griswoldst., March !. The
lew quarters will be modern in every
rospect with all the conveniences OF
- up,toAdate ONCE.
saa, -
The annual meeting OF the Old Clun
< uas held Thursday night in the Pont-
. chartrain and officers and directors
were elected as follows: President,
Richard p. JOY; vice-president, VII
Nam p. Holiday; secretary, {. Hay
yard Murphy: treasurer, Hamilton
Dey; directors. In addition TO the Oh
0cers, Burke NJ. Graham, William V.
I. Moore, John s. Newberry, Frederick
n. Alger and w. A. c. Miller, Jr. The
coming year Is the fortieth year OF
the organization.
One of the most encouraging Incl
dents that has occurred for some
time in the financial world is the
4 auccessf1l floating OF the $6O,OOO,OOO
issue OF 4 Ia per cent bonds by the
city of New York. A total OF $50
bids was received and the issue was
more than five times over-subscribed.
4 the average price was about 1O0.S3,
the highest bid being 103 and the
lowest, par. The large number OF bid
ders indicates a quantity OF money
F for investment The city will get a
premium of $4,000 on the sale.
The annual meeting of the stock
4 holders OF the Superior Motor Car
/. &C. was held in the Office of the con-
Acern at Mack-ave. and the Belt Line.
directors were elected as follows:
George Moore, C. j. Netting, George
ID Mutt, Charles A. Bowen, j. Alfred
Pipp, Albert Strelow and j. L. Aus
tin The directors elected officers as
follows: President, George Moore;
vfce-president, G. j. Netting: secre-
tary, j. Alfred Pipp; treasurer, j. l..
Austin. The Superior company hns
recently gone into the manufacture of
trucks and commercial cars.
The annual meeting of the stock
E holders OF the Detroit Creamery Co.,
was held Thursday afternoon, and of.
6cers and directors were all reelected
Tor the year. The officers OF the corr.
pany are: President, A. l.. Morey:
yice-president, ]. H. Remick; second
xice.president, Charles F. Marschner;
necretary and treasurer F. w. Ullrich:
general manager, A. Il. Easter. The
board of directors consists of A e.
Horey, j. III. Remick, Charles F.
Marschner, e. ID. Stair. F. p. Byrnc
and A. A. Schantz. The stockholders
Inspected the new building recently
completed at Grand River and Cass.
Edgar p. Day, Detroit manager OF
the American Exporter, addressed the
members OF the Adcraft club, Thurs
day evening, on the subject of getting
after export trade. Charles M. Pepper
Of the bureau on foreign relations,
\ washington, gave some good advice
bout packing goods for export. The
annual loss to American manufacturers
from damage claims, chiefly due to
breakage in transit, is estimated at
$40 .000, ,000," said Mr.. Pepper John A.
Ort, export manager OF the Burroughs
Adding Machine Co.. and Conrado de
C0rdero. export specialist, of Buffalo,
also spoke on phases of the export
problem.
In the annual stockholders meeting
Of the Detroit Steel Products Co., a
large increase In the years business
n all departments was shown. Di-
rectors we're reelected as follows:
Henry M. Campbell, J. II. Avery, G.
II. Hecker, John G. Rumney, Walter
3. Russell, Henry Russell, Henry w.
Dakin. In the board meeting, the
following officers were elected: Wal
ter 8. Russell, president; John @.
Rumney, vice-president; Henry W.
Dakin, treasurer; II. z. Hade, secre-
tary. The usual quarterly dividend of
4 IA per cent was declared, payable
Feb. Is. and also an extra cash divi-
qend OF per cent, payable February
4 This makes total OF ten per cent
for the year
Secretary Wilson announces that
the Board OF Commerce is going after
some OF the things that have been re-
Gently suggested and Is going after
them In way to get them accomplish.
cd. "The first thing" said Mr.. VIII
son, "is to get larger fund to work
+ with, and this can be accomplished by
raising the dues and getting more
members. IL Is probable that both
methods will be tried. The suggestion
that we get 100 members to pay 800
. year strikes me as good one. An
other project that will be taken up at
once Is the erection of a convention
hall. not pretentious structure that
will be the wonder OF the country, but
. building big enough for our present
needs and will also give us a chance
70 grow"