The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1886-09-15

iron mines in the Cumberland Gap, Kentucky.
ST. Louis company has bought several thou
sand acres Of magnetic ore land near Knoxville,
Tenn, and a syndicate has just purchased a
large solid body of coal and timber land in East
Tennessee. A Cleveland syndicate controls $780,
900 acres of valuable ore land in Canada, which
is being developed to meet any possible demand.
Pennsylvania iron-makers, coal miners and
lumber manufacturers are leading all others in
the hunting up and developing of new sources of
raw material. It would be mere guess work to
say how much money has gone from Pennsyl-
vania into other States, but it runs into millions.
The urgent demand for pipe has led some Pitts
burg manufacturers into scheme to erect ex-
tensve pipe works near Birmingham, Ala.
Stove works are to be erected there which will
turn out 200 stoves per day Nearly all the rail
road companies which have lines passing through
that section will have repair shops at that point.
Perry, the Albany stove manufacturer. who has
been worried almost to death by strikes will put
5000, 900 into stove foundry there.
A bodybuilding firm in st. Louis has re-
Gently secured contracts for the building OF
seven bridges In Missouri, and Matchmaking
firm there has just contracted to make a DO, 600
pound kettle. 1t will be twenty-i feet high.
Another ST. Louis firm has contract for 5000
feet of betting to run the machinery of ma
tional industrial exhibition in Copenhagen, Den
mark.
American cutlery manufacturers should take
note that the Sheffield exports for the second
ed to over $500, 900. The Sheffield manufactur-
ers are receiving increased orders from Amer
lea. Even the steel makers made and sold near
ly IO0, 600 tons of steel more during the first six
months OF this year than last year.
Buyers of tin plates whose bill runs up to
pretty nearly $4,000 900 per annum, will be
glad to know that the Welsh tin-plate- makers
contemplate coalition. as they call it there by
which agencies will be opened in different Amer
lean cities, so that they can sell their tin plate
direct to the consumer They complain that
the middle men are making too much profit, but
they do not say whether they will give the con-
sumer the benefit or pocket it themselves.
Manufacturers outside of the natural gas belt
in western Pennsylvania are preparing to spend
some money in boring. In one we'll in the Shelf
field. Pa. district the gas shows a velocity of
over 1000 feet per second in four inch pipe
The waste of natural gas fuL is so great that the
recommendation has been made that the State
take control of It. Fifteen thousand acres of
land have been leased near Chattanooga by
Pennsylvania capitalists, who will begin to bore
for oil and gas at once Boring is to be begun
at Cumberland, Md The Columbia Gas Com
pany, of Ohio, working three gangs OF men
to lay twenty miles of pipe which they have on
hand. Another strong gas well has been struck
IN the middle of the Ohio river, eight miles be-
low Pittsburg. The Lawrence Natural Gas
Company, with a capital OF 81 900, 900, will lay
about fifty miles of pipe in western Pennsylva-
MIA and eastern Ohio connecting several manu-.
featuring cities and towns.
Some New England manufacturing companies
have determined to divert portion of their cap
ital into building houses for operatives and rent
ing them at a reasonable rent This is a move
ment that is likely to become general. The New
England companies have been increasing their
capacity beyond Immediate requirements. ard
are complaining of the narrow margins realized.
They think that they can make 10 per cent on
their building investments The work people Of
New England have been backward in the mat
ter of house building. and do not catch on to
our building and loan assertion idea. Their
employers must do for them what they should
do themselves.