The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1901-03-17
LABOR, BUSINESS, INDUSTRY.

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All the miners in the Lick Fork and Lo-
gan mines in West Virginia are on strike.
The Williamstown Terminal and Bridge
Company has contracted for the c~onstruc-
ton of a railroad bridge across the Ohio
river at Marietta, o., TO cost $i50,OOO.
Letters of patent have been granted at
Tallahassee, Fla, for the Incorporation of
the Pensacola Dry Dock and ~Shfpbuilding
Company, with a capital stock of 100000.
The ACKNOWLEDGEMENTS Company,
of Hamilton, o., was Incorporated, yes
terday, with 81. 100000 capital stock. 1t will
make steam and electric engines, etc, and
equip large plants of all kinds.
1t is authoritatively announced that
the total amount of Mexican National stock
and income holdings of the Mexican Ma
tional Construction Company.
The governors of the New York Stock Ex-
change have decided to close the exchange
on April 27. in order to facilitate arrange
ments for beginning business at the Prod
uce Exchange building on April %.
The Contra Bank of Mexico has held its
annual meeting and reelected Enrique
Creel as president. Its capital has been in
creased from 100000 to $4,000, 600, 100000
being furnished by the National Park Bank
of New York.
1t is announced that Vermilye & Co.
and Hallgarten q Co. of New York. have
purchased from the Seaboard Airline sys-
tenn S10,O 600, 900 5 per cent. gold bonds at par
end interest. Full details and particulars
are TO De mace pubic OH hOludy.
The Cocinono Copper Company, capital
Sc, 100000. has been incorporated at Trenton
n. J., to mine and smelt copper and other
ores. The incOrporatOrS are Donald Grant.
Faribault. Mimi, Lawrence P. DOYLE, Chi
cago, and Thomas F. Noonan, jr., Bayonne.
Mich.
Another hotel building is to be erected
On Michigan avenue, Chicago, at a cost
of between 100000 and sl,50O,OOO. 1t will
be constructed by the Congress Hotel Com
pany, the lessees of the Auditorium and
proprietcrs of the Auditorium Annex, and
is to be situated directly south of the last
named hotel.
Owing to the strike, the docks at Mar
settles are guarded by troops, and admit
lance to them is denied, except in the
lease of workers The adjacent streets are
protected by troops, and cavalry and in
fantry are held at the dockyards, ready for
any emergency.
The House of Lords, of England, has rem
dered a decision in favor of the Mexican
National Construction Company, settling
the long-pending question of the sale of
81, 10000 worth of subsidy loans held by
the trustees of the Mexican National Rail-
way Company. as a guaranty for the last
$12, 900, 900 raised for the corporation.
A carload of California oranges were sold
at New York yesterday for the benefit of
the Children's Home Society of California.
The fruit was donated by the California
growers. The highest price bid for a single
box was $40. Some of the boxes were re-
sold time and time again. There were 3SS
boxes sold, and the amount realized by the
sale was S747.
The employees of the Colchester cotton
mills, at Burlington, VT, have been notified
that the concern will be shut down for an
indefinite period as soon as the stock on
hand is run off. The Winoski and Burling-
ton wooden and worsted mills, which went
into the hands of receivers last week, will,
it is expected, be sold at auction unless
disposed of at public sale. The troubles are
ascribed to a poor market and lack of
ready capital.
1t was stated yesterday that out of a
total of $1,000 common and 1900 preferred
shares of the Pennsylvania Steel Compan
all but about 5000 shares of common and
5000 shares of preferred stock have been
actually deposited with the Girard Trust
Company. of Philadelphia, asserting to the
plan for increasing the resources of the
company by increasing its capital stock 10
50. 900, 600. This is equal to 81 per cent. of the
ferred. The bankers have until April l to
decide whether the reorganization plan
shall become operative.
William J. Latta has resigned the presi-
depcy of the T~elephone. Telegraph and
ter to this effect has been sent out TO the
stockholders, and a new plan of reorganiza-
ton is to be voted on at a special meeting
100000 shares of authorized stock in this
company, which, at $50 par value, means
SEC. 1000 of capital. The stockholders have
paid in SIS, in assessments on each share.
and it is proposed to now terminate the
assessments at this figure and make $780,
OC the total authorized capitalization.
Unless contractors discharge all nom
union paper hangers and decorators at
once there probably will be a general strike
of the allied building trades in Pittsburg
and Allegheny on Monday. The paper
hangers and fresco painters struck on
March / for an advance in wages and their
places were filled by %nonunion men. The
edict has gone forth that no union men
will be permitted to work on any building
or in any shop with nonunion workmen.
The trades interested are carpenters. plas-
terers. steam and gas filters, electricians.
marble workers, painters, tilesetters and
structural iron workers