The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1902-09-16
FINANCIAL AND INDUSTRIAL.

Prices on the Berlin Bourse yesterday
opened dull, owing to the depression In
Vienna, aud there was a general slight de-
cline, though home funds and railroads
were mostly firm. The tone improved dur
ing the last hour. and prices closed above
the lowest quotations of the day. Austrians
were weak.
Three large steel turret steamships from
glasgow, Scotland, passed up the st. Law
renee yesterday to engage in the grain and
ore trade on the lakes. They are half
straight back and half whale back, forty
four-foot beam. $500 tons capacity, and
fourteen-foot draft. They have been held
two months in the Lachine canal awaiting
orders.
Little business was transacted In the
Paris Bourse yesterday. Realizing was eff
fected In most departments. Rentes were
weaker. the conversion of the amortizabile
loan being largely discussed. Spanish
tours were strong. Spanish rails were in
active. Russian industrials and Thompson
Houston reacted. Rio Tintos opened firm
and receded on the decline in copper. The
private rate of discount was / 1915 per
cent.
The American Molasses Company was In
corporated at Trenton, n. j., yesterday
with a capital of $4,000, 900, divided into ST.
5o,OVO common stock and $500. 900 pre-
ferred, bearing I per cent. noncumulative
dividend. The company is to deal in sugar.
syrups, glucose, molassses and similar
products. The incorporators are Horace s..
Gould, John /. Billings, Evan j. Dudley, K.
h. McLaren and II. X. Woods, all of Jer-
sey City.
The time for depositing the shares of the
Southern Railway with j. Pierpont Nor
gan & Co, in compliance with the plan to
extend the voting trust of the road for an
additional five years expired yesterday.
No ngureS were given out as to the amount
deposited. In the original statement 1t
was declared that all shareholders who de-
clined TO give their assent to the extension
would forfeit any right to participation in
resultant n6n66tS III VV9Q infin0araH hnU-
ever, that nonassenting shareholders would
be given further time without prejudice to
their rights.
Money was easier in the London market
yesterday, though wanted in connection
with the payment of 5000 900 of India
sterling bills. Discounts hardened, owing
to approximations Of 4 further decline in
New York exchange enhancing the pros
poets of early gold exports to America.
An advance of the bank rate will soon
be seriously discussed. 1t is dependent
largely on the condition of affairs in the
United States, though the possibility that
the government will have to borrow a con-
siderable amount to meet the interest on
the debt early In October is likely to post
pone an advance.
The general board of the international
steamship combination organized by j. P.
Morgan met yesterday in New York. those
present including MIR. Morgan, w. ].
Pierrie of the Harland and Wolff Shipbuild-
ing Company of Belfast, Ireland, the ac-
credited representative of these interests
abroad; Clement A. Criscom, p. A. b.
Widener and several others. Organization
has been perfected, according to a repre-
sentative of the Morgan firm. and shares
of the companies in the combination have
been deposited. Beyond the statement that
additional details had been discussed no
information was given out.
The Peoples G%as-light and Coke Com
pany, OF Chicago, yesterday filed an appeal
bond OF 100000 in the 75-cent gas ordinance
case which was dismissed by Judge Cross
cup, July 80, for want Of Jurisdiction. An
peal allowed by Judge Kohlsaat in the
Federal Court. Notice was served on the
city. This appeal is another step taken
by the gas company 10 Illustrate the en-
deavors OF the city to force the corpora
ton TO serve its patrons with gas at 7s
cents a thousand feet instead OF one dol
lar net as at the present time. The city
gas under an ordinance passed some time
ago.