The daily morning journal and courier., 1897-03-16

will conduct it's business without con- ference with other rubber boot and shoe manufacturers. This does not mean that our position Is at all antagonistic toward any other company, and will not be so, unless necessary to protect our trade, and We do not think that there will be necessity for such action on our part"
 THE TWO COMPANIES FRIENDLY
 AS EVER
 A representative of the United States Rubber company stated this morning that that corporation had reduced the prices of rubber shoes to-day to corre- spond with those in the new price list of the Boston Rubber Shoe company. He said that there is no antagonism between the companies, but each will conduct it's business independently. The relations between the two corporations ale as friendly as ever, although they will not act in concert in regard to the prices, sales, credits, etc.
 COMPETITION WITH BANNIGAN,
 WATKINSON AND OTHERS.
 From another source it was learned that the reduction in the prices of rub
 
 tltion of four new companies which have recently been led to go into the business through q knowledge of the profits to be made at the prices ruling last year. These corporations are the Providence Rubber company and the Rannigan company of Providence, G. Watkinson X Co. of Philadelphia and the Hood company of Boston. These companies have been fighting the Unit ed States Rubber company until the competition came to be a serious mat ter to the companies interested in that corporation, as well as to the Boston Rubber Shoe company, which adhered to the trust prices In it's new scale the Boston Rubber Shoe company has prices low enough to meet the compe- tition of the new companies, and the United States Rubber company has willingly followed the example. The prices are lower than those of the com panies which have been fighting the United States company, and it is possi- ble will be able to crush out their com- petition.
 The Tennessee Coal and Iron state ment for February shows that net earnings fell off $26615 for the month compared with last year. The surplus is $26, sos less.
 Wheat prices were stronger yester- day under the influence of better for eign advices less favorable crop reports from Illinois, Missouri and Kansas, and the decrease of the visible supply in this country, the decrease being 1300,- 900 bushels, 100000 bushels more than had been expected; while the English visible supply showed a decrease of 469,000 bushels. Russian winter wheat is reported also as in poor condition, and the uncertain weather conditions in the west added to the markets strength. Corn and oats ruled dull and featureless.
 Other notes from Cuthbert 6 Go s wires are Cotton ruled quiet and steady and closed points over Satur- days final prices.
 The stock market was very irregular, the Vanderbilts being stronger while raids were made on Rubber Sugar and Missouri Pacific. Accompanying the attack on Missouri Pacific were the us- ual receivership rumors, but these were soon emphatically denied by MT. Gould and the stock rallied. Receivership ru- mors for the United States Rubber trust were also current, and the stock was raided on them. As in Missouri Pacific, there was no foundation for them. Charles R. Flint, the treasurer of the company, says there is nothing the matter with it financially. Trade is not good, but the company is economizing and the outlook is faVora h1e