Detroit Electrical Works stock being traded actively

[Trade Journal]

Publication: The Electrical Engineer

New York, NY, United States
vol. 11, no. 157, p. 532, col. 1


Reports of Companies.


DETROIT ELECTRICAL WORKS.

 

The stock of this enterprising company is being traded in very actively on the Boston Stock Exchange, and has seen a rapid advance in price. President Hugh McMillan of the Detroit Electrical Works is quoted as Baying that in 1890, on a capital of $200,000, the company earned $50,000. Mr. McMillan has been assured since he left Detroit, that company would have contracts to equip the railways of Fall ltiver and Lawrence, and Buffalo, N. Y., with the line motors, and generators. These contracts are figured as making over $1,000,000 business immediately on hand. The Drtroit Works are doing practically a cash business, and not promoting companion. Several well-known Boston men will be added to the board of directors.

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Keywords:Detroit Electrical Works
Researcher notes: 
Supplemental information: 
Researcher:Bob Stahr
Date completed:January 25, 2011 by: Elton Gish;