The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1901-06-04
TRADE AND INDUSTRY.

John V. Barnes was elected president
Of the New York Produce Exchange yes
terday. HIS election was a victory for he
independent, or younger, element of the
exchange.
Reuben II. Donnelly was yesterday elect
ed president of the Chicago Exchange, and
John j. Mitchell was chosen treasurer.
There was but ticket in the field for
these offices.
Stockholders of the American Telegraph
and Telephone Company held a special
meeting in New York yesterday and voted
to increase the capital stock from Sl00, 100000
70 Sl5000.OO0
The Peoria Qll) Journal. an evening pub
LEGATION, now in its twenty-fifth year, yes
terday changed its price from cents to
cent and appeared in new form. printed
a color press.
Reports from all parts of Kansas indi-
cate that the wheat crop is in an unfavor-
in most parts of the State has caused the
wheat to head out before il has obtained
its growth
1t was reported at New York yesterday
that President Havemeyer would resign
from the presidency of the American Sugar
Refining Company and be succeeded by W.
B. Thomas. of Boston. President Have
meyer had nothing 10 say about the matter.
A movement is on foot in the Kanawha
and New River districts 10 combine the
coal and coke companies along the Kama
wha & Michigan Railroad Thirteen COM
panies with a daily output of $3.50 tons of
nified their willingness to join
Drexel & Co. of Philadelphia announced
yesterday that both the common and pre-
ferred stock of the Pennsylvania Steel
Company held by them for the under
writer's had been sold to investors. 1t was
announced that the stock was not pur-
chased by the United States Steel Corpora
ton.
Prominent manufacturers and their rep
resentatves from all parts of the country
are in Detroit 10 attend the sixth annual
convention of the National Association of
Manufacturers. which begins this morn
ing. Pittsburg. Indianapolis Milwaukee
and Chattanooga are candidates for the
next convention.
AT the annual meeting of stockholders of
the Amalgamated Copper Company, in Jer-
sey CITY yesterday. the following direct
ors were elected: II. II. Rogers, James
Stillman, Robert Bacon, +. Z. Olcott, A. r.
Flower A c. Burrage and w: G. Rookie
Teller Mr.. Rockefeller fills the vacancy
caused by the death of Marcus DAILY.
There were 459,996 shares represented at the
meeting.
Plans for a consolidation OF the street
railways OF Omaha and Council Bluffs. the
electric power plants of the two cities and
the Platte-river canal. rumors OF which
have been in circulation for some time.
appear to be assuming a definite shape and
IL Is said the consolidation now hinges only
on terms of purchase. The new combina-
ton probably will be capitalized at about
$40 100000.
Judge Nathan Gon or the United states
Court for the Eastern district OF Virginia.
Yesterday appointed Allan j. McDermott
receiver for the Washington Traction and
Electric Company. Application for the re-
ceivership was 1led by the United states
Mortgage and Trust Company, OF New
York Immediately after the appointment
OF Mr.. McDermott. All property of the
, Traction Company was formally trans
ferred to him.
c c. Loring. OF Boston, who was one
OF the organizers OF the American Steel
and Wire Company. is I'm Pittsburg to
interest the shovel manufacturers of west