The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1902-12-04
TRADE, INDUSTRY, LABOR.

at London is attributed TO Eastern tele-
grams announcing the weakness of prices
and to American selling.
The National Reciprocity League has
sent out 1000 invitations to commercial
bodies all over the country with the view
of securing a representative attendance at
the reciprocity meeting to be held in De-
troit next Wednesday and Thursday.
The steamer Toledo, built at Toledo and
bound for Port Arthur, Tex, is in port at
Montreal and may have to winter there
because of the fact that the buoys have
been removed from the st. Lawrence chan
mel. The regular pilots decline to take the
vessel down TO the Atlantic.
The Vandergrift Construction Company,
of Philadelphia, has put up 10000 In casn,
and the Porto Rican Executive Council Will,
therefore. grant it the franchise to develop
the water power of the island and to build
an electric road from San Juan to Ponce.
A bond for 500, 900 gold must be given by
the company later.
Application has been made to the New
York Stock Exchange by the st. Louis &
San Francisco Railroad Company TO list
securities of the Chicago q Eastern ILL
nois road, which ii controls, as follows:
81, 055, 900 6 per cent. preferred trust certi1-
Gates and s6,622, 100 10 per cent. common
stock trust certificates.
Shipments of currency by the New York
SubtreaSury to Western and western
points for crop-moving purposes thus far
this year aggregate SIS, 136, 900, a decrease
of sS04,OO0 compared with 1900. Transfers
III dillOOllltu W s1ts-DJyNvOs ~ AtW oiiP
ments were made to the Pacific coast last
year, but they were nominal.
Collector Stranahan, of the port of New
York, has ordered the detention in bond of
a considerable importation of Japanese
silks consigned to NJ. E. Mendelsohn & Co.,
of No. % Green street, New York, because
five invoices have been returned from the
appraisers stores showing that the actual
weight OF the silks was greater than was
put on the papers.
The Chicago Board of Trade has COM
menced a fight against the Open Board of
Trade in that city by cutting off its quota
tions and causing all tickers in the rooms of
the Open Board of Trade to be removed. All
open board members doing business In Chi
cago were also deprived of quotations: 1t
is the intention to keep the quotations from
the open board hereafter.
c.. H. Mackay, president, and George G..
Ward, vice president OF the Commercial
Cable Company, w. II. Baker and E. S.
Bradley, vice presidents of the Postal Tele-
graph Company, started from New York
yesterday for San Francisco to see the
beginning of the laying of the new Pacific
cable to connect this country with the
Hawaiian ard Philippine islands.
1t is reported that the American head
quarters of the Imperial Tobacco COMPANY
of Great Britain and Ireland, which are
located at Richmond, Va, will be abolished
S M,I1 ei THIS season rss,9me a ifs 6 6he 6 D,g HGit of se eruS'
ing tobacco through commission men, or
will effect some arrangement with the
American Tobacco Company whereby 1t can
work in conjunction in the purchase of the
raw weed.
The twelfth annual convention of the
American Warehousemen's Association be-
gan at Washington, ID. c., yesterday. Pres
ident w. L. Robinson reported a resolution
providing for a voluntary subscription to
the National Board of Trade to enable the
reorganization of that body. The report of
w. c; Reid, secretary and treasurer,
showed that the affairs of the warehouse
mems organization were in a flourishing
condition.
Delegates to the annual convention OF
the Northwestern B~eekeepers' Association
are in Chicago, considering, among other
things, the securing of legislation In the
various States represented to prevent the
illegal use of the term honey" in the sale
of artificial product and to eradicate foul
BROOD" a disease common among bees.
Representatives are present from Ohio, In
diana, Illinois, Michigan, Wisconsin, Mis-
souri, and Iowa.
The contest since last February between
the brewers of Cincinnati, Covington and
Newport and the United Brewery Workers
ended yesterday when both sides signed ar
agreement. The trouble started by the
engineers and fremen recognizing only the
jurisdiction of their national unions. The
result was reached through a conference
committee of the American Federation OF
Labor. of which vice President JOSEPH
Valentine was chairman.
George ID. Cook. a banker of Chicago and
New York. who is in the city of Mexico
has had several audiences with high Off
Gals of the government there. 1t is re.
ported he has stated TO the government
the opinions of great New York bankers
on the advisability of putting Mexico or
a gold basis. 1t is stated also that he
promised the aid of the American banker
In helping the government adopt a golC
standard. There is much interest in the
object of his visit.
The correspondents of the London Times
at Shanghai and Hong-Kong.. comment oil
the paralysis of trade from the depression
Of silver. They consider that a serious
financial crisis is threatened and say tina
the import trade is practically at a stand
still. while there is no prospect of an i'm
mediate increase in exports. The nativ,
officials are doing nothing to meet the sit
uation, their energies being conferred OIL
making the indemnity an excuse for furthe
spoliation of the merchants and the activit,
of the likin offices is Unprecedented.
The sale of the Toledo-Detroit Shore
line Electric Railway 10 the Grand Trunl
and the Glover Leaf railroads for 81, 5O0,O 90
was ratified yesterday. A large share o.
the purchase price is 10 be paid in bonds
The deal will enable the Everett-Moor
syndicate to cancel all its obligations du,
road and practically solves their entir,
traction situation. which some months ag,
involved between s60.00,00 and SIS, 900. 600
The syndicate will convert part of tn,
bonds into cash and the remainder of then
will be taken by creditors of the Toledo
Detroit Shore-line in full payment Of OBJ
legations
1.-The Organization OF Labor Trad
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