The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1901-05-03

OF the steel trade Il net a mere sham, but
IS based on an enormous The
Germans have s~tifened considerably OF late
and are naming prices in the English mar
ket which are turning the business to the
British works.
At a meeting Of the board Of directors Of
the H. &. Prick Coke Company in Pitts
burg Yesterday MessrS. ellis IL. BOSwOrtE,
George Lauder and James Gayley resigned
as members of the board. Mr.. Bosworth
also resigned as vice president and treas
urer- The following were elected TO MI the
vacancies: Messrs. o. W. Kennedy. WlllialS
G. Magee and Philip Keller. Mr.. Keller
was elected 10 the Office of treasurer, the
office of vice president, resigned by Mr..
Bosworth. remaining untitled.
y general strike in the building trades IS
threatened in Louisville as the result OF de-
mands for recognition Of the Building
Trades Council. Upward of two hundre1
men quit work on various buldlns5
throughout the city yesterday. and labor
leaders declare that unless all the contract
Crs asree TO employ only union men a ger
eral strike ~ all the building trades viii pe
ordered by tonight. Such an order WON'T
throw nearly three thousand men out 81
work and tie up building all over the city.
The American steel market is quiet and
81 for billets is the basis OF the moderate
business which Is giOng- The steel ran
mills have taken a heavy Onnage, all the
buyers having been given an opportunity
to put in their orders before the ADVANCE.
Some of the mills have been forced to turn
away orders in considerable quantity be-
cause of their inability To roll the rails IN
time. Tn explanation which is being made
IS tina the mills want to clinch what work
they have on their books and want TO pre-
vent cancellations later on.
1t is announced at Tampa. Fla, that the
negotiations which have been pending for
three months between the American Cigar
Company. a branch of the American To-
baccO Company and the Havana-American
Cigar Company, owninS the largest clear
4 on fAr 10 tho nfr GfnfaE
have been completed i'm Tampa. All the
factories of the latter company will pass
into the possession of the tobacco COM
bine. The HaVana-American Company Is
a recently formed consolidation. IL has
Havana cigar factories at Havan Key
West. Chicago. New Orleans. New York
and B~inghamtOn. y. Y. 1t is capitalized at
$l0,0Ge.000.
1t is reported that almost the entire coal
INDUSTRY of the Hooking and Sunday Creek
valleys. in Ohio, will come under the man
agement of the gigantic combination OF
capital or which j. Il. Morgan Is the mead.
According to the report. IL is the intention
of the syndicate TO get control of all the
mines now in operation and TO secure as
many acres as possible OF undeveloped coal
lands This deal will practically include
all the coal lands and mines in the three
counties of Athens, Perry and Hooking
The total daily output of all the mines in
the three counties, when they are operated
at their full capacity. is cOnservatively
placed at 10000 tons. The amount of money
lnNOlNed Is SAID 10 De over Si,VtJ,OV-
The buying hunger in the iron trade Is
appeased, and in many directions the ton
mage of new orders has fallen off consider
ably, as could not Otherwise>be, after so
prolonged and heavy a purchasing move
ment. Pittsburg reports further sales of
basic pig iron, and il is minated that the
leading interest will soon take quantities
of 5essemer pig for the second half, for
which little has been done so far. Appar-
emily there is also a reserve buying power
in forge irons. ON the other hand, Cincin-
natl reports at least one round transaction
in Southern pig iron on the basis of s11.25,
for No. 2, at Birmingham, against $11.75
which has recently ruled. Eastern Penn
s~ylvania, too, displays some irregularity in
prices of foundry iron.
The British Westinghouse Electric and
Manufacturing Company, which was or
ganized last year with $4,000 900 English
capital. has just placed some big contracts
for material and equipment for its 5000 coo
plant, now under construction at TraffOrd
Park, near Manchester, England. where
one hundred acres of land have been ac-
quired. A St Louis firm has obtained the
contract for the erection of the buildings.
which viii mean an expenditure of 50. 600,
coo. \ New York and Pittshurg finn has
obtained a 5000 9 contract for all the lum-
Der required in the plant. The contract just
awarded for machine tool equipments is
the largest Of its kind ever placed i'm this
country involving over 100000. The Brit
ish Westinghouse plant Will employ five
thousand men, and will be an exact duDli-
cate of the Westinghouse works at Pitts
burg.