The Detroit times., 1912-03-29
BUSINESS BRIEFS


The Simplex Self-Starter Co.. cap
italized at $4,000, has been formed 10
manufacture an auto self-starting de-
rfee5-The stock Is held In equal
shares by Falion O'Brien. Wallace Os'
born and Charles #. Chenevert
The Grace Harbor Lumber Co. has
acquired the lumber yard at Green
wood and ifotten=aves.I formerly OPP
Grated by the State Coal and Lumber
Co. H. Wilfred Leitch will continue
as manager OF the yard under tho
new ownership.
Byres II. Gitchell, the new secre-
tary OF the Board of Commerce, has
come TO Detroit permanently, and Will
spend the next few days familiarizing
himself with the work OF the board
with Secretary Wilson. He will take
charge, April /.
The I. ]. Irwin Candy CO., formed
TO manufacture and sell candy al
Wholesale, starts out with capital
OF $4,000. OF which $1,000 has been
paid In In cash. The stockholders
are Wallace A. Irwin, Sarah Bruse
and Hazel |. Irwin.
The Grand Trunk Railway system
reports gross receipts for the second
week in March OF Sg09.03S, som
pared with $S72,745 for the same
period last year. The increase il
$36,293. The increase in gross re-
ceipts for the year To March IA is
$265,719.
Windsor ratepayers, Thursday. car.
ried two bylaws, granting exemptions
TO the Canadian Sirocco Co.. OF Wind
sor, branch OF the American Blow.
er Co., Detroit, and Frederick Stearns
a. Co.. Windsor, branch OF the De
troit firm OF that name. There were
but 10 votes against the proposition.
The Union Trust Co. has been ap.
pointed trustee in the mortgage Sc
curing the issue OF 100000 worth oil
bonds OF the Battle Greek, Coldwater
& Southern railway. which Is being
constructed between Battle Creek and
Coldwater. The bonds are 20-year
first mortgage gold bonds. and Dear
interest at the rate of six per cent.
The Rudolph wurtitZer Co., or Elm.
cnnati, manufacturers and dealers IN
pianos and musical instruments, will
establish a branch store I'm Detroit
within a few weeks. The company
has leased quarters in the Fine Arts
building, No. 26 Adams-ave. west,
taking the ground floor and the base
ment. The lease was negotiated bg
Fred c. Collins, OF the Hannah Real
Estate exchange.
The directors OF the Dime Savings
bank have declared the quarterly divi-
demo payable April /. at the rate OIL
2 Ia per cent, instead of per cent,
putting the stock on 8 per cent an
nual basis. Previously the regular
dividends have been per cent an
nnally, but an extra dividend OF one
roR cent has been paid for several
years. The rate of 3 per cent is now
established as the regular dividend.
President William Livingstone has
lust returned from New York, where
he attended a meeting OF one OF the
ico.nmittees of the American Bankers
association OF which he Is president.
Robert Fl. Day will represent the
Detroit Board OF Commerce and the
Michigan Manufacturers association
in the conference called in Atlantic
CITY. this week, by the Interstate
Commerce commission for the pur-
pose of agreeing on national demur-
rage rules. There have been several
meetings of the American Railway
association, representing the rail-
roads, and the National Industrial
Traffic league. representing the ship
pers. and they have succeeded In get
ting together on most OF the proposed
rules. Mr.. Day is member OF the.
executive committee OF the traihe
league.
The Iron Trade Review of Cleve-
land SAYS: important and far
PREACHING results are expected to fol-
low reductions in quotations on Lake
Superior ores, and the ending Of the
rebate cases growing out of the
handling Of ore at the lower lake
docks. Buying OF lake ores since the
announcement OF the new prices has
been proceeding very slowly, and fur-
mace owners are OF the opinion that
still lower prices will prevail. Owing
to the condition Of the foreign trade
lake ores will have better chance
to sell in the eastern market than for
a long time. The pig iron market
shows increased firmness, but buyers
are insisting on lower quotations for
last hair year delivery on ACCOUNT
of lower ore prices. The furnace men
claim that coke prices are higher. aud
are endeavoring to maintain present