The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1901-05-02
General Labor and Industrial Notes.

A private cablegram from London says
application has been made to the London
Stock Exchange to list sSoo,coO.0O of United
States Steel Corporation common and pre-
ferred stock on the London exchange.
Jewett. Inglelow & Brooks. a Detroit
coal firm, has purchased the property OF
the Tug River Coal and Coke Company, on
the Norfolk < Western Railroad. in West
Virginia. Included in the purchase is the
entire town of Tug.
Frank Hobliet. cashier of the First Ma
tional Bank, Lincoln, H., and G. A. Mich
olson, also of Lincoln. have sold for $3OO,OUl
and 500, 900, respectively, their shares in D.
coo acres of oil land near Beaumont, Tex,
which they purchased four or five years
ago for $500.
The manufacturers interested i'm the for
nation Of the American IngOt Mold Com
pany, which is intended TO combine all the
ingot-mold makers of the United States,
met in P~ittsburg yesterday. The new COM
pany will start in business with a New
Jersey charter.
The conference between the committees
representing the Brotherhood of Operative
Potters and the manufacturers closed at
East Liverpool, o., yesterday, an agree
ment having been reached on the man
points at issue. Concessions were made
on both sides. il Is said, but no details are
given. Some minor points remain TO be
adjusted. The agreement affects 10000 men.
]. V. Farwell, of Chicago, closed a $780,
600 deal yesterday with E. l.. Halsell, of
vinita, l. TT. for cattle and grazing land In
western lt&dc- Al Sdlt III lJlsVtt
acres q land in Oldham anG Hartley coun-
ties, III 81 an acre, and 1000 white-faced
Hereford cows at $50 a head. Two hundred
and fifty thousand dollars in cash was paid
10 bind the deal.
Ice dealers who control the Chicago bust
ness are now considering plans TO Increase
the rates from 30 to 40 per cent. The pro-
posed Increase. il is asserted. will mean a
summer of suffering in the poorer districts
OF the city. Residents at Hull House and
the various university settlements insist
that II rates which controlled last year are
raised thousands will have TO do without
ice.
Efforts that have extended over a term OF
nearly four years 10 combine the leading
manufacturers of pianos in an association
for the control of prices have been revived
Ia Chicago. Marc III. Blumenberg. Of New
York. the promoter OF the plan, last night
said he carried back with him promises Of
Chicago firms representing $l,DO0.0O capital
t. enter the combination If ii were per-
fected.
The fiscal year of the Texas corporations
began yesterday and a new record for oil
companies was established, twenty-five
companies filing articles of Incorporation
with an aggregate capital of sl3,5S.CO0. OF
these one has a capital OF S.0oo.C0- In adj
dition 20 domestic charters two foreign
companies with a capitalization OF 10000
were granted permits 10 do business H.
Texas.
Albert c. Case has been chosen 10 sue
coed John r. Searles. resigned, as president
of the American Cotton Company. and to-
day he assumed the duties of the position.
Mr.. Case has been for years the credit
manager OF the Carnegie Steel Company
and one of it's partners. He is also "A trus-
tee OF the Metropolitan Trust Company. of
New York, and a director OF the American
Bridge Company.
The first American steamship 10 come d.
rect from the Hawaiian islands 10 Phila-
dclphia with a cargo of sugar was the
steamship Californian. which arrived
Tuesday night from Honolulu and Hilo
tt-sfh : ua0 IHf noun1G or raw sugar pTnvln
i'm the new American possession. The
Californian's run was over 5000 miles.
having been via the Straits OF Magellan.
She left Hawaii on Feb. Is last.
The strike OF the marine engineers Of the
lakes is practically settled on a basis OF
mutual concessions. The Lehigh Valley
Transportation and Union Steamboat COM
panies have agreed 10 pat on the extra
men demanded on the larger boats. but
not on the smaller ones. The United
States Steel Corporation Is expected 20