The Detroit times. [volume] (Detroit, Mich.) 1903-1920, 1912-02-29
BUSINESS BRIEFS

BUSINESS BRIEFS
The Iron Trade Review OF cleve-
land says: Cheerful news continues
10 come from Pittsburgh, where mill
and specifications In most lines are
heavy In other sections mills are
running from 80 to 60 per cent OF
capacity. New business Is dull and
prices are extremely Irregular Tn.
Exptcted demand Tor basic pig TOD
has materially strengthened the
market In the central west.
The directors OF the Detroit Board
OF Trade have designated President
Arthur s. Dumont and Charles A.
steinwach as delegates 70 attend
meeting in washington, March 4, 10
protest against the immediate en-
forcement OF the pure food rulings
ON the interstate transportation OF
grain The ruling related particular
III TO purified oats and corn in neat
ed or heating condition. The grain
men want the operation OF the law
suspended and hope TO get IL amend
cd meanwhile.
Tie Detroit Trust Co. is distribut.
ing dividend checks TO the creditors
OF the Clough * Warren Piano Co.,
amounting 10 $4,000. This is the
sixth distribution TO the general
creditors, and reduces the debts or
the company TO about $4,000.
The four suburban state banks
around Detroit show an increase In
deposits OF s655,77l from the call OF
Jan. Z. 1911. 10 the call OF Feb. 20,
this year. The gain IN deposits since
Dec. 6, 1911, amounts TO $l44,O3S, ana
+ the total deposits shown are >, ZS,-
74S. The banks are the Highland
Park State bank, the Woodward-aNe'
State bank, the Fairyiew Savings
bank and the River Rouge savings
bank
Detroit has been selected as the
place for. the meeting OF the master
pfInters OF Michigan for the purpose
OF organizing an association aiohs
business lines. The two organlza-
tons which the master printers now
have, deal more with the techhlCai
than the business side OF the trade,
The meeting will be held April II
and l3, and the topic 10 be discussed
Is Costs" George Harland, of the
Harland Printing Co, is chairman OF
the arrangements committee.
George 8. Smith, ex-president OF the
BOSTON Chamber OF commerce AMI
chairman of the committee OF that OF
oanization which has charge OF the ar
i. &to Int
gress of Chambers OF commerce
spent "Wednesday in Detroit and was
entertained by the Detroit Board oil
Commerce He was given luncheon
In the board rooms with the ex-presi-
dents, directors and the candidates Tor
the new directorate, 10 discuss plans
for taking care of the international
/. delegates when they come 10 Detroit
on their sightseeing trip after the
convention in Boston, next September.
THE is the fifth convention OF the
international congress and we hope
TO make it the best yet, said MT
smith. I'VE are not going to be sell
/ fish in Boston, though; We are going
to give IL other cities. including De
troit. chance to entertain the visit
ors from abroad. We expect 400 dele
gates from 40 foreign countries, ana
We want them TO go back home Win
an impression of the principal cities
OF the country.
The general letter on trade conCi-
lions, issued by the National Bank
OF Commerce says: Bank ciearlngs
for January were heavier than either
in December or the previous Jaca'
airy. for the entire country. Although
the number OF business failures was
the largest for the month during lie
last ten years, with the exception oil
January. 1908, the liabilities were So
600. 900 less than for January, 1911,
Indicating that most OF the failures
\ were small concerns. The report oil
gross earnings of the railroads Tor
December showed a slight increase
over. December OF the previous year.
and the net made gain OF neariy
eight per cent. There are now less
than 1000 idle cars in the country,
! with a shortage at several important
shipping points. Additional cars are
being ordered for immediate delivery,
Preliminary figures on foreign trade
for January show exports OF S2O2,0OO,-
600 and imports of $143,000,000. the
trade balance being $5s;0OO,O00 Com
modify prices are practically unchang.
ed. The metals situation continues I'D
improve. As an indication of the con-
fidence of the large interests in the
Immediate future, the total amount OF
new securities offered for sale for
January is the second largest month
showing in the past five years. Build
ing operations are almost as heavy as
the ten-year average for the montn
OF January"