The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1902-11-26
TRADE, INDUSTRY, LABOR.

Owing to the depression in the Welsh tin
plate trade it was resolved at "a meeting of
the TlnmakerS' Association a SwanSea yes
terday to regulate the output. The mem
berS of the association will endeavor to
secure a general stoppage of the tin plate
works during a week in December m a
week in January.
The executive board Of the Western Fed
Grafton of Miners, now in session at Dem
yer, is considering plans for the extension
OF the organization all over the continent.
miners who have affiliated with the Amer
lean Federation Of Labor. Organizers will
be sent into Mexico.
At a meeting of the British Cotton Grow
ing Association at the Manchester Cham
Der OF Commerce, yesterday. Ii was an
nounced that F. S. Sewers, of Texas, had
entered the service of the Colonial Office
under the auspices of the association as an
expert to m cotton growing oper-
atoms In northern Nigeria.
Receivers were appointed yesterday for
the goods of Solomon PRESS and Jack b.
PRESS, dealing as Preiss & Sons, and the
Chesapeake Rubber Company, No. 321 West
Baltimore street, Baltimore. The bond is
for 100000. 1t is alleged in the complaint
that the firms owe large debts which il is
unable to pay. Preiss & Son consent to the
r~eceivership.
The executive council OF Porto Rico has
decided TO cable to the Vandergrift Construc-
ton Company, of Philadelphia, which was
one of three applicants for a franchise to
tCN OAOP liz NdtCi pOWCI VI Tie lSldlu III
to build an electric road from San Juan
to Ponce at an estimated cost of 81, 800, 900,
that 1T Is willing TO grant IL the franchise
for the railroad and water power provided
the company gives a 500, 900 bond and de-
pOSitS $4,000 in cash.
The directors of the Hicks Gold and Silver
Extracting Company at a meeting held
yesterday at Fort WAYNE directed the
cent. preferred stock at par TO the public,
each purchaser to receive a share of COM
mon bonus with each share of preferred
purchased. The Hicks machines, in which
a number of indianapolis people are In
terested, have been perfected and the first
machine has been sold to a New Mexico
mining company.
The Yorkshire EnglandD Wool Combers
Association, organized in 1899. with a cap
ital of s., 1000, has sent a circular to its
shareholders announcing the appointment
of a receiver. The failure is the immediate
result of an overdraft for $3.50, 900 on the
Bradford District Bank, which the Wool
Combers' Association failed TO meet. The
association has been in difficulties for some
time 1t exhausted its independent capital
in an unsuccessful attempt TO buy an i'm
portant independent firm.
The premium on New York exchange con-
tinues to advance at Mexico City, and yes
terday was lS5; that is, SIS Mexican silver
is required to buy one American gold dol
lar. The large farmers in the interior and
planters throughout the country say they
do not care If the dollar falls to 30 cents. as
OilAN IL OAlN IltICIdhlSd anu importers want
gold. They urge that the deprecated sill
yer keeps the dollars in the, country and
makes business good. Importers take an
other view, and are generally refusing TO
make prices on machinery, supplies. etc.
except in gold.
Mr.. Gould's expected rejoinder to the cir
cular issued by Messrs. Edwin Hawley and
+. III. Hartman relative TO the use of his
name i'm sending out requests for proxies
TO be used at the approaching election of
the Colorado Fuel and Iron Company. was
given out last night at New York in the
form of a statement made TO the press. MIR.
Gould declares the circular in question to
be lin some respects a direct misstatement
of facts and in others an ingenious per-
version of truth" and expresses the con-
viction that IL was sent out in order to Sc
cure control of the property by Messrs.
Hawley and Hartman 10 the exclusion Of
himself.
After a lengthy conference at Louisville
yesterday between distillers from Ohio.
Illinois. Indiana and Maryland and the
members OF the Kentucky Distillers' Asso-
citation, Ii was decided to organize a mutual
insurance company TO take over at a lower
rate the distillery risks now under the
schedule approved by the Kentucky and
Tennessee Board OF Fire Underwriters, un-
less a reduction in the rate could be Sc
cured. \ committee was appointed, with
j. y. Thompson as chairman. TO draw up
plans for the proposed company. Should
the Kentucky and Tennessee board. how
ever. decide TO rerate the risks, the pro-
posed company probably will be abandoned.
In his report at the Massachusetts, State
Re- I'd or Trades annual meeting In Boston
yesterday President Charles +. Adams in
dorsed the suggestion made by president
Roosevelt last summer for the appointment