The Detroit times. [volume] (Detroit, Mich.) 1903-1920, 1911-02-23
BUSINESS NOTES

All the directors OF the Chicago
Pneumatic Tool Co. were reelected
In the annual meeting. in Jersey City
with the exception Of j. w. Duntley
of Chicago. who Is succeeded by j. II.
Ward, private secretary to Charles
M. Schwab. w. o. Duntley was re-
elected president OF the company.
The Detroit Trust Co. has been ap-
pointed receiver for the Card Lumber
Co. which was brought into bankrupt.
cy court on the petition OF creditors.
Tho same company was trustee under
the mortgage recently given by the
Card company to secure some Of the
creditors. The liabilities OF the com.
pany are about $4S,000.
The American Electric Heater Co.
has plans under way to build an add
ton to It's factory which will enlarge
the capacity Of the plant by about one
half. The building, which will be at
woodward and Burroughs-aves., ad-
Joining the present structure, will be
OF reinforced concrete. 120x130 feet
nm, two stories. Architect Albert
Kahn is preparing the plans and will
receive bids on the building In few
days.
Figures on the export trade for jan
uary, 19Ii, and for the seven months
OF the fiscal year ended Jan. 81 show
satisfactory increase all along the
line. The exports for January, 1911,
amounted TO 1874 100000, against
$142, 200, 900 for the same month last
year. For the seven months exports
reach total of 81 ,237, 100000, against
81, 06s, 10000 for the corresponding
period last year. The, principal gains
were recorded in agricultural nipple.
ments, cotton and cotton cloths, auto
mobiles, copper, corn and machinery.
A decrease was shown in the exports
of wheat and -four, cattle and beef and
leaf tobacco. The gain In automobile
exports was S2,000,O00 for the seven
months covered by the report.
The committee OF the Transports
ton bureau OF the Board OF Commerce
appointed to investigate the Austin
bill to limit the size OF freight cars,
held a meeting In the board room,
Tuesday night. II Ii claimed that II
this bill became a law, 10000 cars now
I'm use could not come into the state,
seriously hampering Detroit manufac-
turers, especially the automobile max.
ers who use the large cars for their
shipments. Rep. Austin admitted that
the bill had been presented as 1t had
been given MIN by the Brotherhood
o. Railway Trainmen without investi-
CATION OF the interests involved In De-
troit. The trainmen were represented
by Paul Tice, state legislative repre-
sentative, and r. Taylor, chairman OF
the state legislative board OF the
Brotherhood. David 8. Sutherland, d.
vision superintendent OF the Michigan
Central, and G. ]. Kendall, CONNER.
cial agent of the Santa Fe. presented
the railroad side. As a result OF the
meeting II is quite likely that the bill
will be Withdrawn.
Roger W. Babson, the well-known
financial expert and economic author.
ity, was the speaker In the regular
meeting Of the Adcraft club, Tuesday
night, In the Elliot Taylor wooIfenden
Co.'S cafe His subject was Forecast
ing the business conditions OF the
country" and he illustrated how the
future conditions OF trade and finance
we're appropriated. by charts and
curves representing the various fac.
tors that enter into business condi-
tons Considering this law OF action
and reaction" said Mr.. Babson, "our
chart shows that the next period ahead
| of us will be one of readjustment. II