The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1901-03-21
B AND INDUSTRY.

A seat on the New York Stock Exchange
was sold Yesterday for $4,000. This is 500
more than the previous high price.
The first discovery of oil in the south
ern portion of West Virginia was made yes
terday in a 30O-barrel oil we'll drilled at
Milton.
]. J.. Greatsinger has been elected presi-
dent of the Brooklyn Rapid Transit Com
pany in place of G. l.. Rossiter, resigned.
Mr.. Greatsinger is president of the Duluth
IL Iron Range Railroad.
The glass workers strike at the Mac
Beth-Evans lamp chimney works. Toledo.
was settled yesterday by the company
Withdrawing its notice that workmen would
be held responsible for broken chimneys.'
l.. ID. Strauss and l.. l.. S%attIer. doing
business as Strauss. Sattler a Co. and the
In bankruptcy I'm the United States Distric-
Court at Pittsburg yesterday. The firm
has liabilities of 100000 and no assets.
The semi-annual convention of the Ma
tIOnal Fire Underwriters Association be-
gan it's sessions at Old Point Comfort yes
terday. President j. NJ. Decam, of Cincin-
natl, delivered his annual address. Bust
ness was transacted behind closed doors.
Two hundred girls working in the overall
department of Swoford's factory at Kan
sas City, Mo-, were locked out yesterday
because of a reduction in wages. Six hun
dred employees. mostly girls and women,
I'm the other departments may go out in
sympathy.
There were no developments i'm the an
thracite mine situation yesterday, and, al
though President John Mitchell was in
conference at cranton with the three dis
trict presidents during part of the fore
noon and afternoon, no business was trans
acted which could be made public.
Representatives of the Crucible Steel
Company are in Portsmouth, o., looking
over the Burgess mills. the plant which
was shut down by the trust several months
ago. 1t is understood they will report ia
vorably to reopening the plant and that
work will be resumed within sixty days.
At a delegate convention of miners of
Massillion co. district yesterday it was
decided to call a strike next Monday IL
their demands for an eight-hour workday
adoption of a "straight-away screen are
not granted. The delegates to the conven-
tion represented 2.l5O miners.
The National Tube Company is preparing
to resume work on the improvements at
the Riverside plant at Benwood, w. Va,
which were discontinued at the time Car
negie threatened TO build a tube plant az
Conneaut. The proposed improvements
were to cost a million dollars and included
rev blast furnaces and a steel mill.
The Springfield. O., City Council has
granted to the Little Miami Traction Com
pany a franchise TO enter Springfield. The
franchise is for twenty-five years and pro-
vides that the construction must begin
within sixty days. Work on the road be-
tween Springfield and Cincinnati will be
pushed as rapidly as possible. John +.
AldIlln 10 DIcSlutnl VI IL (OAhPdbS
The Louisville. Mount Washington K
Fairfield Electric Railway directors have
decided to go ahead with the work. The
length of the road will be twenty-nine miles
from Louisville to Fairfield. II will pass
through Jefferson. Bullitt, Nelson and
Spencer counties, Kentucky. The road may
be continued to Bloomfield n a brancn
line extended to Taylorsville. Cars will DC
constructed for passengers, freight and
mail, and the present plan is to have four
daily trains each way.
OF the thirteen bids for $685. 900 city OF
Louisville 32 per cent. forty-year gold re-
funding bonds, opened yesterday by tile
sinking fund commissioners, the highest
were l0S1s for the whole issue by the
Fidelity Trust and Safety Vault Company,
OF Louisville, and 100 for 1900 of the issue.
by T.. w. Hays, of Louisville. The award
will probably be made to these two bid-
ders. all but SAL, 600 going to the trust COM
pany. The bonds which will be refunded
by the new issue were issued in 1871. They
bore Z per cent. interest and were sold al
so cents.
The Cleveland. Elyria & Western Rail-
road Company has begun an extension of
its line from Oberlin, o., the present west
ern terminus, to Norwalk. When the ex-
tension is finished it will connect the To-
ledO, fremont * Norwalk road, making Ii
possible 10 go from Cleveland to Toledo by
electric line. a distance of 113 miles. The
distance from Oberlin to Norwalk, as it will
be covered by the extension, is twenty-five
miles. 1t is hoped to have cars running
through TO Norwalk this fall. The extern
sion will pass through Birmingham, Flor
ence and Berlin Heights, and will cost
$500. 900.
The Ice Peddlers' and Helpers Union of
Cleveland. numbering 800 men, have asked
the ice companies for a number of con-
cessions and request a reply by next Satur-
day night. Among the demands are that
all employees be union men, apprentices to
join the union after two weeks employ
ment; Sunday and holiday work to end at
Y a m {. WAC PCS IN range from <H1 tO Sk1 npr
month; helpers TO receive not less than
sic per week; peddlers to be compelled only
TO deliver ice, all other service extra at
~ cents an hour. Harry Norvell, president
o. the Columbia lee Company. said some
OF the demands are out of the question, and
the company would nave to know more OF
the union and who composed it before 1t
had anything TO do with them.
One of the largest and most representa-.
tive meetings probably ever held bv iron
manufacturers will take place in Cleveland
next Wednesday for the purpose of adjust
ing the prices on ore for the next twelve
months. All the largest manufacturers m
the country will be represented. This meet
ing will be the first at which representa-
tives of the United States Steel COmpan
will be present. Most OF the prominent in.
C~ependents will also attend the gathering
IL is expected to have the base price of iron
ore settled upon before adjOurning. TIL
base price. according 10 the best infOrma-
ton on ''old range" Bessemer ore. which
takes in the Marquette, MenOminee. Cog
ebic and Nermillion ranges. will be between
$.5G and 5.75. This * an advance over las
years price of about . cents per ton.