The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1901-10-26
TRADE, LABOR, INDUSTRY.

The First National Bank of New York
has RENTED to Philadelphia s5.OOO,Oo0 in
currency TO pay for the purchase of the
Flat Top Coal Association, part of the Po-
cahontas coal purchase.
Prof Clarence Johnston, of the Cheyenne
irrigation investigation office, has been or
dered by the Agricultural Department to
proceed to Italy and Egypt to study the ir-
rigation system OF these countries. He will
visit the River Pc and closely examine the
system OF the upper Nile.
According to the New York Tribune.
Charles r. Flint confirms the reports from
various parts of the country to the effect
that a consolidation of hardware interests
of the country is IN process of negotiation,
but that he cannot at present give any de-
tails concerning the matter.
Since the establishment of the new sys-
tenn of custom collections at the docks of
New York on March /, 1901, there has been
collected q total of $655, SIS in duties on
the baggage of 1856 passengers, against
total of $751;, 1896 collected at the docks
from S,125 passengers during the same
period last year.
The Executive Commissioners Associa-
ton, composed of commissioners to the
Pan-American Exposition from the various
States, of which Joseph MacMullen, of
Minneapolis, is chairman, have adopted
resolutions indorsing the Charleston expo
sition and advising all Pan-American ex-
hbitors to exhibit there.
Directors of the Restof Mining Com
pany, the salt company which was to be
included in the consolidation of the Inter-
national Salt Company, at recent meeting
decided to recommend 70 the stockholders
of the company to accept the terms. The
International Salt Company was incorpo-
rated few weeks ago with capital stock
of $50 100000.
Thomas c. Jones, William c. Palmer and
Joseph Bateman, carrying on business at
No. 123 Front street. New York, under the
name Of T. p Jones & Co.. and in Brad
ford, Pa, under the name of W. c.. Palmer
& Co, wholesale dealers in groceries and
cOffees, made an assignment yesterday.
The firm of I. 7. Jones Co. was rated at
from $125.O00 TO 100000
The announced policy of the AmaIga-
mated Copper Company to curtail produc-
tion in order to keep the price of copper
up to l! cents is now in force. Both the
Anaconda and the Boston and Montana
mines and smelters. at Butte, Mont. have
been closed but ii is said the suspension
will be only temporary. Fully 5000 men
are out of employment.
Commenting editorially upon John Kas-
sons speech at Chicago before the Illinois
Manufa cturers' Association as a proof of
the growth of the reciprocity idea since
Mr.. McKinleys death, the London Morning
Post says: Unfortunately England is the
only great commercial country which has
no concessions TO offer, and. therefore. no
means of obtaining allowances in return
The executive committee of the Manu-
facturers' Association of Fall River, Mass
yesterday made a positive refusal to ad-
vance wages 10 per cent. requested by
the Textile Council. Judging by pI esent
indications. nothing can avert a strike at
Fall River except the action of the OPERA
tives at their meeting next week. 1t is not
expected they will take any action other
than that of voting 10 strike
The question of the alleged unfairness 70
British manufacturers in giving contracts
TO American firms for locomotives for India
and South Africa is being holly discussed
in the press. British manufacturers corn
plain that the Americans are given oppOr-
tunities TO revise tenders which are with
held from British firms. and that while the
latter are pinned TO specifications the Amer.
leans are permitted to supply standard en-
gines.
Referee r. a. Gunnison. Of Binghamton.
y. Y. secretary of the National Associa-
ton OF Referees in Bankruptcy, has begun
TO send out 1000 cOmmunica tons TO promi-
nent business men i'm ali parts OF the coun-
try as part of an investiga ton asked for by
Congressman George W. Ray. chairman Of
the judiciary committee OF the House OF
Representatives. for the purpose of feeling
the pulse of the public on the bankruptcy
law and 10 learn what further legislation In
this matter IS needed. in the opinion OF the
business men OF the country.
The tripartite agreement signed some
time ago by manufacturing wholesale and
retail druggists To maintain a schedule OF
prices is no longer in effect. says the New
York Tribune. In view OF this the aggres-
Sive cutters" in the drug trade who are
said 10 sell below cost price TO stimulate