The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1901-02-26

The Ashland (Ky.) Steel Company's mill
resumed yesterday after thirty days idle
ness, giving employment to 800 men. The
rod mill has six months orders i'm waiting.
Officials of the National Steel Company
confirm the report that the plant of that
company at Sharon, Pa, will be removed
to Youngstown, o., ard will become part
or the youngstown plant.
The 500 employees of the Dolf Coal Com
pany at Winton, Pa, struck yesterday be-
cause the company failed TO pay the 10 per
cent. increase in wages TO number of its
miners as agreed when the big strike of
last October was settled.
W. Munhall, of Pittsburg. has closed
lease contracts for 10000 acres of land in
Brazoria county. Texas, TO prospect for oil.
Other persons have closed contracts for
$1,000 acres more. 1t is believed they rep
resent the Standard Oil Company.
The coal mine owners of Kentucky held
their meeting at Louisville yesterday and
decided to meet the committee of miners
in that city on March s. The operators an
t.cipate no trouble in settling upon a wage
scale.
Work on the construction Of the Eastern
Tube Companys new plant in GAINESVILLE,
be ready for operation June /. The site
covers forty-two acres and 1900 men Will
be employed. The new mill will cost 1,000.-
600.
The Dock Engineers and 'Longshore-
mems unions, of the lake region, have de-
cided to strike in sympathy with the ma.
rine engineers and intend to tie up the
shipments of ore from the stock piles 10 the
furnaces If such a step is necessary as a
decisive blow in case of protracted strike
between the vessel owners and marine en-
gineers.
Final contracts were signed yesterday by
which the individual holdings of Charles
L. Yerkes in the various traction companies
in Chicago passed into the hands of syn
dictate OF New York and Chicago capital
lists friendly to the Union Traction Com
ma rlriQ Va
little more than the market price OF the
securities sold
The British steamer Citation arrived at
New York yesterday. from Tampico with
consigned TO M. Guggenheim' Sons, for
their smelter at Perth Amboy. The per-
centage of gold in lead is valued at $4,000
and of silver AMOUNTS to $1,000 ounces.
The whole cargo is valued at between $3.50,
O0O and 100000
A number of Pittsburg capitalists have
taken out charters to build street rail-
read and electric line to connect with other
roads, giving complete system and a d.
rect trolley route from Oil City TO Erie,
Pa, through Franklin, Titusville. Mead
vile and Cambridge Springs. The new
line will make q saving in distance over
the present route OF thirty-six miles.
The joint conference OF the Illinois coal
operators and mine workers convened at
Springfield yesterday with about $50 miners
oelegates and 100 Operators In attendance.
have completed their scale, will ask for
several material changes. IL is certain the
operators will not comply with their de-
mands at once. The question OF forcing
mine engineers into the Miners Union
will also be discussed
Prominent New York capitalists have
about completed plans for the establish
ment of an international bank. which will
be OF value 10 exporters. The promoters
have secured charter which. IL is believed
will cover all the business they propose TO
do. The bank will probably be ready. TO be-
gin operations within six weeks Its cap
itaI stock will be 100000 and its surplus
will be 100000. Branches will be estab-
lished in all parts OF South and Central
America
Robert Tibbetts. the contractor who for
the last seven months has been building
the United States coaling station and pier
I'm the harbor OF Pago-Pago. I'm the Samoan
islands. has arrived at San Francisco He
saws the pier ana other structures. costing
500 ooo will be turned over TO the govern
meut in about three months. The pier Is
36S feet long and eighty feet wide. II is
made entirely OF steel. Ca the shore lust
back OF the projecting pier Is large steel
building with capacity for 1000 tons OF