The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1902-12-09
TRADE, INDUSTRY AND LABOR.

The Pacific cable, in connection with the
Canadian Pacific telegraph lines, opened
for business yesterday
The price of bread was raised. one cent
a loaf i'm the East End of London yesterday,
thus intensifying the distress Of the per-
sons who are out OF work.
Consular advices from France to the
State Department are to the effect that the
of the west coast of France, is a general
failure this year.
The Commercial Pacific Cable Company
Yesterday filed with the secretary of state
covering the extension of its lines from
Manila to Shanghai.
Much excitement has been caused at Liv-
ingston, Mont, over the discovery of nat
ural gas two miles west of that city. The
gas apparently is in great supply, and is
declared by mining men to be of superior
quality. The country is being staked off in
every direction.
Professor Mommsen attended the national
conference at Berlin yesterday of the Mod
crate Radical party, which is assisting the
Socialists in oDstructing the passage of the
tariff bill He commended the party's
course in the Reichstag against the fright
full struggle of political self-interest."
An order to restrain the merger of the
Prudential Life Insurance Company and
the Fidelity Trust Company of Newark
was signed YESTERDAY , by Vice Chancellor
cellor said the order was meant to prohibit
the carrying out of a scheme of perpetual
and mutual control of the two companies.
Judge Munger In the Federal Court at
Omaha yesterday. appointed Edgar F.
Hastings temporary receiver for the W.
r. Bennett Company. who operates one
OF the largest department stores in the
city The store will not close and IL is
stated that the petition for temporary
received is made to enable the COMPANY
to make a settlement with creditors
The lockout in the building trades at
New Rochelle, n. Y, which affected about
$500 men and lasted three weeks. ended yes
terday and all the men went back to work
II was preceded by a strike and was the
result of the refusal of the Building Trades
Council to rescind fines of $50 imposed on
two men who had returned to work before
the strike was declared off. This dispute
will now be submitted to arbitration.
The new Union Steel Company Is 10 he
financed as a SIS 600 900 concern thereby ON
terinG it's reorganized existence about the
| first OF the year the strongest and most
aggressive independent concern of the kind
| in the world. An authorized bond issue of
| SIS 100000 is to be provided, in addition to
| the authorized stock issue of $50 600 OI0
| OF the bonds about s1S0oo.000 will be issued
| The Union Steel Company bonds will be
| per cents. due in forty years and re-
deemable after ten years
Frederick w. Jobb. chairman of the iii.
| nois state Board of Arbitration. resigned
blowers Association of Chicago" This body
was recently organized by the leading EN-.
| ployers of labor in Chicago. but the fact
| OF its existence was a secret until the rea-
| SON for Mr. Jobs resignation became
known "All 1 can say of the association
at present" said Mr.. Job. lis that il will
| deal as a unit with labor troubles affecting
| its members. Chicago's greatest captains
| of industry members The organization
| Is built on new lines and / believe will
| attract national attention and comment
| we are not ready. however. to make all
our plans puDi1c.
The famous Cobre Grande litigation has
| been reopened by the filing at Phoenix A
r. by Alex. w. Hallenberg and John Ed
| ward Addicks. of Delaware. of suit
| against the Green Consolidated Copper
| Company and the Cananea Copper Com
/ pany, the Cobre Grande and certain off,
| GERS and directors of the last-named COM
/ pany Hallenberg also filed claim of $780,
| 600 for money advanced the Cobre Grande
| In its litigation against Greene and his
4 associates. The object of the suit is &C
/ convert back into the Cobre Grande treas
| ury the mining properties in Sonora. which
/ were transferred to the Greene Consoii-
dated by the settlement OF the suit which
was pressed for two years by the Cobre
| Grande and the Greene people The court
| is asked set aside the Judgment by
| agreement and grant the relief prayed for
| In the original petition of the Cobre Grands
| against Greene.