The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1902-12-03
A D INDUSTRY, LABOR.

The creditors of Meyer, Jonasson & Co.,
of New York and Pittsburg. have agreed
to accept S7a cents on the dollar in settle
manufacturing firm which failed last Octo-
Der.
7. II. Flynn, general organizer of the
American Federation of Labor, has issued
a call for a meeting of representatives Of
the iron crafts at Pittsburg Jan. 5, 1903,
for the purpose of settling jurisdiction dis
putes involving the metal trades.
The premium on New York exchange at
Mexico City ranged around 1.6S and 1-69 yes
terday. There was little business done, al
though most of the merchants regard silver
as having a small chance of permanent re-
covery. The dominant topic in business
and financial circles is the gold standard
and how best to get the country on a gold
basis.
The distribution of anthracite coal is
being gradually extended by the Philadel-
phia & Readin Railway Company. A few
and shipments to New England and the
South have been increased. The Reading
Company has begun to make deliveries
over the Pennsylvania lines, particularly to
Baltimore and Washington.
The sum of $500, 600 in gold will be shipped
from New York to South America to-day.
Several banks are interested in the ship
ment, which is said to be for account of
the Argentine wheat movement. Argentina
recently drew on London for gold, but this
later purchase is made here because of the
lower rate. n geographic transfer or S3OO,-
600 in gold to San Francisco was made by
the sub-treasury yesterday.
Upon the weather only depends whether
New York will be visited by the greatest
coal famine in its history, says the Herald.
Men who are interested in the various
branches Of the trade declare they cannot
get more than a day away from the con-
dition that existed at the end of the coal
strike and they will not be able to get fur
Their away this winter. If a blizzard should
tie up the railroads. three days will see the
few remaining tons selling at prices which
will make them luxuries.
At a meeting in London of shareholders
of the Linotype Company. the chairman.
Mr.. Lawrence, confirmed the report that
| negotiations were on foot looking to the
amalgamation of all the linotype COM
panies. He said they had been in COM
munication with important capitalists i'm
America and Berlin. and If the directors re-
ceived good proposals. they would be sub
mitted to the shareholders. Regarding the
dispute with the Canadian company the
chairman said there would be a conference
between representatives of the two con-
Germs.
Inquiry among leading houses Identified
with the far East regarding the effect thus
far of the recent severe decline in silver
shows. says the New York Journal of
m that business is at a complete
stand as far as China and the Straits Set
Elements are concerned, although the effect
on export trade witt the Philippines has
not been quite so striking. Some little i'm
prONemenl IN the export OUeflngS from
China is noted by one or two houses. but
this is in no sense general. So far as cot
ton goods are concerned. China has for
some time been pursuing a hand to mouth
policy in her purchases.
The directors of the Manhattan Elevated
Railroad Company yesterday declared a
quarterly dividend of / per cent. This is
an increase OF Y per cent. The directors
also gave notice that a special meeting OF
stockholders Will be held on Jan. 16 to sub
init 10 the stockholders of the company for
thelr sanction and their approval a propo-
sition to increase the capital stock of the
company from $4S.000.0O0 to $50. 1000 to
consist of 600.e0 shares of the par value of
500 each. This increase In stock was pro-
vided for by the terms of the lease of the
Manhattan TO the PETERBOROUGH Company.
Reports indicating that the contagious
foot and mouth disease is extending in
Some or the reports were from places not
heretofore mentioned. DIR. ID. ID. Salmon.
chief OF the United States Bureau of AMI
mai industry, reached Boston from Wash
ington yesterday. He said: The situation
Is very disquieting, principally because
cattle dealers have been selling diseased
animals and scattering the contagion, and
because there has been no adequate con-
ception OF the danger of carrying the
disease by persons who have visited
diseased herds"
Willis Parks and several other capitalists
of Youngstown, o.. returned from Cuba
yesterday. They have secured a franchise
I'm Havana for fifteen miles OF street rail-
way, which, Mr.. Parks says. will be con-
structed at once under the name Of the