The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1901-04-04
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The strike OF employees OF the Malleable
Iron Company. at Beaver Dam, Wis, was
settled yesterday by the State Board of
Arbitration. The men were granted the in
crease of wages demanded and other con-
cessions. The shops will start at once.
The miners of the Meyersdale, Pa. BIZ
luminous district have agreed TO give the
operators ten days longer TO agree on a
scale. Concessions are being made on
both sides, and it is thought that all points
will be satisfactorily settled before the eA-
piratiOn of the ten days.
The lease of the McCahill ore mine on
the Western Mesaba range has been sold
ponent parts of the United States Steel
Corporation. The land belongs TO James
McCahill and the lease just sold TO j. l..
Washburn, O.. ID. Kinney and O.. {. Howe,
of Duluth.
President T. j. Shaffer has issued notices
that the election of delegates to the annual
convention OF the A-malgamated Associa-
ton. which is to begin in milwaukee,, May
u, commences the first week in April anu
will continue until all delegates are elected.
The Indications are that 500 a ton VIII De
the base rate fixed for pudding.
Representatives of the leading manufac-
turers of Austria met in Vienna, yesterday,
TO consider the question of American com
petition. Resolutions were adopted unani-
mously, declaring the necessity of placing
the commercial relations of the dual mon
archy with the United States on a basis of
reciprocity and equality simultaneously
with the renewal OF the commercial treat
les in 1903.
The miners in Jackson county, Ohio, will
resume operations to-day pending a settle
ment OF the Gay wage scale, an asreeHenI
TO that effect having been reached yester-
day. State President Hask.ins says the
miners Will not accept less than the full
day rate of $40 unless advised TO do so
by National President Mitchell, who has
been advised of the situation. The opera
tors insist on the old scale of $1.65 per day
The Buckeye Match Company, with a
capital stock of 100000. was organized at
Akron a NaGfardnV and will erect large
plant for the manufacture of both matches
and matchmaking machines on which IL
holds patents. The company is independent
of the Diamond Match Company (match
trusD and will enter into competition with
II. The incorporators OF the new company
are members of the Everett Rye syndicate,
of Cleveland.
At a conference Of the Lanarkshire coal
masters, held at Glasgow yesterday. ii was
decided TO refuse the striking ENGINEERS any
concessions and a protracted strike is anuc-
ipated. This dispute and the consequent
idleness of the miners threaten TO nave
disastrous effects upon Scotch trade. iron
furnaces and steel makers closed last nlgnt
III several steel centers. Coal In GLASGOW
rose 6 cents per ton yesterday. The StruS-
gle is likely to be prolonged.
The threatened tieup of all the brickyards
in the vicinity of Chicago was aVerted yes
terday by an amicable settlement of all
differences existing between the brick
manufacturers and their engineers. Com
mittees representing both parties signed an
agreement that insures peace for one year.
The engineers scale was raised ~ cents an
hour, enabling them to earn So for an eight
hour day The other points of contention
were settled with concessions from both
sides.
Charles T. Yerkes has completed the pre-
liminaries of his years work in connec-
ton with the Charing Cross * Hampstead
underground railroad. He sails from South
ampton for New York April . on the steam
er Deutschland and will pick up his family
at Cherbourg on the way TO the United
SfQfaC Mr. KQrKac nCfn1ndad his English
confreres by his energy, as a result Of
which he has accomplished more in a few
weeks stay than they supposed was posi-
bic in as many months.
The board of appraisers appointed TO fix
values of the gas and electric light plants
in Cincinnati as a basis for consolidation
has made its report. IL stimate the value
of the property of the Cincinnati Gas Com
pany at SIG. $50, 900; of the Cincinnati Edison
Company (electric), 81, 10000; smaller cleo
trio lighting companies, 1000, UO, making a
total of SOS. 900, 600. If these valuations are
satisfactory to the various boards of direc-
tors the matter of consolidating into one
company will be taken up.
Plans have been perfected by which, be-
fore business opens this spring, all the
stone quarries i'm western New York pro-
ducing the Medina block paving stones
are to be formed into a combination with
a capital of 1900. 600. John j. Ryan. an at
torney of Medina, and Michael Slack. owner
of one of the largest quarries in the State.
are the prime movers in the new concern.
lhCAt a Ill III NV NtoNttA
part of Monroe county about forty in Or
leans and several in other counties, making
a total of about seventy-five.
A meeting of the owners of the individual
| fleets on the chain of lakes will be held i'm
Cleveland to-day and for the remainder OF
the week to effect "a pool of all boats held
outside the United States Steel Corporation.
The movement is headed by five Cleveland
vessel owners who control over 100 boats.
1t Is expected that, exclusive of the steel
trust feet, the pool will control 70 per cent.
- fAA ~ 80 rA4 alrA- " FL .~-
meeting these vessel men will fix a rate for
carrying ore and coal. This movement
comprises a larger number of boats than
has heretofore been in "A union.
Felix Schuster. governor of the Union
Bank of London, is i'm New York. II am
here" he said, yesterday, lin search OF in
formation relative TO international trade
relations and L must decline TO express
opinions now as 1 have not learned enough
to discuss them in~telligently. | take a
hopeful view Of matters. however, and be-
lieve that the friendly relations existing
between Great Britain and the United
States Will become even closer. of course.
the formation of the great steel and iron
trust will have some effect on business
abroad"
Representatives of the Cleveland City
Forge and Iron Company and other steel
FORCES in Cleveland have been approached
recently by d syndicate of Pittsburg capt.
talists desiring 10 get an option on their
plants, the expressed intention being 10 ef-
feet a consolidation OF all the iron and steel
1 lOlktC III lldl NltltillN. II AifAtidUu al
Forge and iron Company Is understood 10
have refused TO consider the proposition,
but the other plants here have given Up
lions which expire on June /. The under
standing is that the same company has OBJ
tanned options on plants at New Castle.
Titusville, Pittsburg, Columbus and Buff
falo.
A semi-oficial statement WAS made hy
the Hanover National Bank Of New York
yesterday Of it's intention 20 take over
the assets and business Of the Continental
National Bank. Benz. Perkins. president Of
the Continental Bank. was elected a di-
rector of the Hanover yesterday. The capt.
tai OF the Hanover is 5000. 600 and it's sur
plus IL 100000. The Continental's capital
is 100000. its surplus and undivided
profits are sos, 356. An officer OF the Han
over National was asked for the terms OF
the merger. but he declined 10 give them
for the present. II was unoficially re-
ported that $l60 a share was paid for the
stock OF the Continental National Bank.
Suit to dissolve the salt combination I'm
Ohio was commenced I'm the Common Pleas
Court, at Cleveland, yesterday. by the Ma
tional Salt Company. of New YORK. against
the United Salt Company. OF Cleveland.
which has been known as a branch OF the
trust. and the stockholders OF the latter
company. The New York concern admits
that the combination was organized for the
purpose Of avoiding competition and regu-
lating prices. and that the pretended sale
Of stock was a subterfuge adopted 10 get
| around the antitrust law OF Ohio. Some OF
the stockholders OF the trust have objected
TO the terms OF the combination and on
their request the dissolution proceedings
were commenced.
AT a meeting OF the Society of Merchants
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