The Detroit times., 1911-01-19
BUSINESS NOTES.


In a meeting of the directors OF
Hamilton Carhartt, manufacturer, a
dividend at the rate Of per cent per
annum was declared on the preferred
stock. payable on or before Jan. Is.
Sixty-five Detroit fire underwriters
met at a banquet In the Elliott-Taylor-
Woolfenden Co.'S cafe, Tuesday even
ing, and formed the Detroit Associa-
ton of Fire Underwriters. Charles
ID. Bennett was elected chairman and
A. j. Stock was chosen secretary. Tho
meeting was addressed by Charles B..
Sawyer, formerly secretary OF the
Board Of Commerce, on Fire Insur-
ance and It's Relation to Credits" M.
o. Rowland, recently appointed state
Insurance commissioner, also spoke
on the bill providing for state fire
marshal, now pending before the leg
islature. The purpose Of creating
this office is to provide state au-
thority to look after the prevention
of fires and the prosecution OF incen-
diaries.
The annual meeting of Berry Bros,
Ltd, manufacturers Of paint and var
nish, was held In the company's Of
fees, Tuesday, and the following Off
GERS elected: Chairman. Frank "
Blair, president OF the Union Trust
Co.; vice-chairman and secretary. DR..
Edwin Lodge; vice-chairman and gen.
eral manager, James s. Stevenson;
treasurer, George II. Russell; assis-
tant treasurer, w. +. Carnegie; as
sistant secretary, Frederick l.. Colby;
board of managers, Thomas Berry.
DR.. Edwin Lodge, Edward w. Pendle-
ton and Frank w. Blair. Frank w.
Blair succeeds Henry b. Ledyard, who
retires as chairman of the board. Re-
ports of the business OF the company
showed a most satisfactory year and
a substantial increase in business.
Architect Richard II. MARI Is re-
ceiving figures for the eight-story,
concrete and terra Gotta building TO
be erected at Farrar and Gratiot for
the Keifer Land Co. II will be occu-
pied when finished by Goldberg Bros.
William Dudley Folk, of Richmond,
Ind, will address the MONDAY lunch
merce to be held in the fuller hotel,
Thursday at 1915. His topic will he
Municipal civil service" Mr.. Folk
was United States civil service COM
missioner from 1901 to 1903, and Is a
well-known magazine writer on civil
service.
The Canadian Pacific reports de-
crease of s1S8.000 in gross earnings
for the second week Of January.
The directors OF the Michigan Sugar
Co. declared the regular quarterly divi-
dend OF "a per cent on the common
stock of the company in their meeting
Tuesday afternoon. The dividend Is
payable Feb. 10 to stockholders OF
record Feb. 1. Business for the year
has been very satisfactory and the
most prosperous season In the history
Of the company is expected.
The directors OF the United States
Radiator Co. has put the preferred
stock Of that company upon a quar-
terly dividend basis. and the first
quarterly dividend OF "a per cent
was paid Jan. 16 Dividends will be
paid hereafter in January, April, July
and October. The stock was formerly
paying semi-annual dividends.
Waldo A. Avery has resigned as
director of the Detroit United bank.
The annual stockholders meeting
OF the Oliver Motor Car Co. was held
Tuesday afternoon In the factory Of
fee, No. $50 Lawton-ave. Officers and
directors were reelected as follows:
President, l.. w. Schimmel vice
president, Paul Weidner; secretary,
Frank A. Gies; treasurer, Robert r.
Hartenstein. With the officers the
following stockholders make up the
hoard of directors: Henry Wagner.
Jr.. G. j. Bale and Charles Brushaber.
II Is said that automobile tires are
20 per cent cheaper than they were
year ago, owing to the drop in the
price OF crude rubber.