New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-12-08
New York

pcTc Marquette heoIRd"i."''%T
Reorganization managers or the lele
Marquette Railroad Company nave an
nounced the complete list or secutl,
ties that have been subjected 10 the
plan of agreement OF reorgsnizatloI
dated October 80, last. Inc time IN
which holders Of certificates OF uo
post for Pere Marquette consoilasus"
mortgage 4 per cent bonde may us
sent from the plan has not yet e1 pd
but there are on deposit, So;| I',ooO, y.
more than SO per cent OF Ine anou
nnt.tandinp. In respect OF which n
sn,b dissent has been filed. Inc re
oTganization managers have extended
tbe time for deposits. for making pay
ments and for delivery Of application
certifcates. until the close OF business,
December is. and the time for ming
annlication forms and making the re,
cpfred pavments until the close OF
business, December %.
Ruv Paiye-Detroit Motor Car 20.
Stock-Chandler e. Co. announce tnat
tbev have purchased 100000 7 per
cort cumulative preferred stock, par
vaIre sI0 per share, of the Paige
Detroit Motor Car Company. Inc
smount authorized is Sl,50O,Oo0, ana
That issued, 100000. The Paige:
detroit company also has S2,OO0,OOo OF
common stock. par value $40, OF when
81 500. 600 has been issued. The Pslge-
Detroit Motor Car Co. will redeem
the preferred stock at par ana &C,
crued dividends at the rate OF slOV'ovV
annually, beginning with January
1918. and ending with January !, 1870
The company's output has increased
from 267 cars in 1910 to l2,45o cars
for the year 1916, up to November a.
Chain Store Transaction.-Merrlll'
Lynch e. Co., bankers, announced yes
terday that they had bought the JoheS
Brothers Tea Company, the Grsnd
Union Tea Company, the Globe Grocery
Stores. the Anchor Pottery Company
ard the Jones Brothers Importing Coin,
nanv. These companies will be merged
INTO the Jones Brothers Tea Company.
In this chain will be linked together
256 stores. located in the principal
cities of the United States, in the tea
and coffee business. Of the merchah-
disc distributed in these stores 81 per
cent will be manufactured by the COM
nanv. Among the products are soap
baking powder, favoring extracts
glycerine, spices, etc.
Remington Arms.-In connection with
the appointment of the managing com
roittee for the Remington Arms-Union
Metallic Cartridge Company the 1oi,
lowing official statement was lssueu
yesterday: ;.L
With these additional men and wltn
the managing committee working III
thorough cooperation with the exec
utive officers, the problem OF handing
tho great volume of business has been
successfully met. With these increases
in the executive organization and WIN
certain adjustments in existing con
tracts il is now considered that the
affairs Of the company are IN sa'is-
factory condition.
Reserve Bank Election.-The Federal
psserve Rank of New York announced
Yesterday that the election OF a CLASS
4 director and Class B director Tor
1911 nv Group |. of the banks IN TINS
district, had resulted as follows: Class
a director, William Woodward; Class
B director, Henry r. Towne.
Stock Exchange Listing. - Bankers
Trust Company certificates Of deposit
20 the amount of S22,467 800, repre-
s Sc TIM 224,675 shares Of the Chicago,
Rock leland e. Pacific Railway, were
admitted to trading on the exchange
at a special meeting Of the governing
board yesterday.
Federal Dyestuff -Chemical:~John W.
Herbsrt, of the American Snuff Com
nany, has been elected to the board