The Detroit times. [volume] (Detroit, Mich.) 1903-1920, 1911-01-12

er Co. will hold their annual meeting
In New York, Tuesday, Jan. IL.
The Iron Trade Review, OF Cleve-
land, reports that cast-iron pipe-mak-
ers have been inquiring for large
quantities OF pig iron and that the
outlook Is somewhat better than dur
Ing the closing weeks OF last year.
There have been no definite develop
ments but indications point to more
favorable business conditions.
The directors OF the National Bank
OF Commerce have elected Samuel
X Kingston assistant cashier. Mr..
Kingston has held the position Of
auditor since the organization OF the
bank and will combine his new Of
flee with the duties OF the former
position. The other officers OF the
bank were reelected without change.
directors OF the Detroit United
railway, in their regular monthly
meeting, Wednesday afternoon, rati-
he'd the purchase of 20 additional
acres of land in Highland Park, for
the extension OF its terminal facil-
tiles. The company will hold Its an
nual meeting next month, when the
question OF resuming dividends prob
ably will be considered, along with
the present status OF the street car
situation in Detroit
The Michigan Savings Bank direc-
tors have reelected the officers that
directed the institution last year. II
has been also decided to increase the
dividend rate to 10 per cent annual
ly, an increase OF one per cent In
addition the bank has put $4,000 in
to surplus account The German-Am-
erican Savings Bank has also elected
the old officers. This bank reports
very satisfactory increase In bust.
ness during the past year.
Henry II. Ellerton, assistant cashier
OF the Peninsular Savings bank, sus-
tanned painful injuries, Thursday
noon, while going through the old
Peninsular building with the archi-
teots at work on the new structure
which will replace II. Mr.. Ellerton
was going down an old flight OF
stairs into the basement when they
gave way beneath him and he fell,
striking on his right side. Mr.. Ell
lerton was taken to his home. II
Is not thought that the injuries are
serious.
Representatives of a large eastern
manufacturer of wearing apparel
called at the Office of the Board of
Commerce, Tuesday. inQuiring for
factory space. They require about
1000 square feet, according TO the
statement made to Secretary Wilson,
aud would like a building about Ave
stories high. The identity OF the par.
ties was not disclosed, but they claim
ed to have their main factory in west
ern Pennsylvania and branches In
London. England, and in Ontario.
They said that they intended to en-
ploy about 400 girls here, gradually
increasing the number, as their busi-
ness grew. They would give no def.
mite information, however, about
their plans.
In addition to dividend payments Of
40 per cent on the 100000 capital
stock, the Scotch Dillon Co., has ad-
ded about 100000 to surplus, bring
ing the surplus up to 100000. The
company paid out in taxes on tobac-
co and snuff last year more than
100000. The net profits were $780,
600 for the year. Officers elected are:
President, Edwin G. Way; vice-presi-
dent. Alexander Mcpherson; secre-
tary and treasurer; Daniel M. Lynch.
the election of Mr.. Mcpherson filling
vacancy created by the death OF
Henry Stephens. Directors are: Ed
win G.. Way, M. w. Dillon, Walter
Scotch. A. B. Atwater, Alexander
Mcpherson, M. Z. Farr, Daniel M.
Lynch, the last named succeeding to
Mr. Stephens place on the board.
Six new directors were added to
the board of the Metropolitan State
bank, which Is still In process of or
ganiZation The men chosen by the
stockholders follow: William Egle,
Henry J. Guthard and Max Jacob, of
Detroit; Frank Marx, Wyandotte;
Chas. j. Higgins, Jackson, and A. A..
Wood, Saline. With these members
the following compose the board:
George p. Good. Godfrey A. Scheich,
f. W. Wheeler, Joseph Walsh OF
Flint; George II. Sweet, Gen. George
Spalding, of Monroe; William G..
Stoepel. Henry c. Wiedeman, A. f.
Anderson of Cadillac, and Joseph
Rozensweig. The officers elected by
the board of directors are as follows:
President, Henry c. Wiedeman; vice.
president. A. F. Anderson; cashier,
George III. Sweet.
A big Industrial merger OF plants,
in which Detroit capital Is interested,
is announced with the making out OF
Incorporation papers for the Elan
dere Manufacturing Co. The new COM
pany will take in the Grant q Woods
Manufacturing Co.. OF Chelsea, which
makes ball bearings and automatic
screw machinery, the Pontiac Motor
cycle Co., the Pontiac Drop Forge
Co., the Pontiac Foundry, and the
Vulcan Gear works, recently trans
ferred from this city to Pontiac. The
chief product of the new concern
will be motorcycles and automobile
parts The machine will be known
as the Flanders Bi-mobile. The cap
itahzation OF the new company Will
be $2,250,000 and the board Of d.
fectors will include some OF the most
prominent men in the automobile
world The new company will be
closely related to the EMF.