The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1903-04-18
TRADE, INDUSTRY, FINANCE.

At the annual meeting OF the, new board
Of directors of the Rubber Goods Manu-
featuring Company, Charles II. Dale. found
of the Peerless Rubber Manufacturing
Company was chosen president and chair
man of the executive committee.
T. j. Overton Paine Company, a corpora
ton dealing in stocks and bonds, address
not given, made an assignment at New
York Friday for the benefit of creditors
to William II. Galloway. who Is also as
signee of the firm of j. Overton Paine ~
Co., which assigned Thursday
The recently formed American Chamber
of Commerce at Berlin has opened its Of
fees, and has engaged as paid secretary
Frederick j. Dietzman, of Clinton, Mass,
Comprehensive arrangements are being
made to promote trade between the United
States and Germany by information.
The Department OF Agriculture has issued
a comparative statement of the wheat crop
of the world, showing that the total of
3,124, 422 900 bushels I'm 1902 was distributed as
follows: North America, 7Sl.lDo0O; South
Asia, &c. 42s. 900; Africa. 100000. and Aus
tralasia, 1892 900. The crop in the united
States was 670,06S,0O0
Articles of incorporation have been filed
in the office of Recorder of Deeds of War
rem county. at Monmouth, ILL.,. of the Illinois
Union. Railway Traction Company. with a
capital stock of $500 900, and with principal
office at Monmouth. The company Is backed
by Eastern capital and proposes to con-
struct a system of interurban electric roads
north from Monmouth TO Aledo. Rock
Island and Muscatine, and from Mon mouth
south to Roseville, Macomb, Hamilton and
Keokuk. and also line through Henderson
county to the Mississippi river and from
the north line branch to Galesburg.
The new German imperial 3 per cent.
loan, amounting to S72,500.0o0 has been
heavy oversubscribed. Several of the large
Berlin banks alone have announced that
they each had offered to subscribe for two
three times the amount wanted. The
total of the offerings is not yet known, but
il is certain that the subscribers will re-
ceive only a small percentage of the
amounts desired. France subscribed heav-
ily while Great Britain and the United
States made the highest subscription The
applications already reported up TO Friday
night amount to So, 1885, $4,000.
Although statements made TO the effect
that a merger OF the Western National
Bank of the United States in New York and
the National Bank OF Commerce had been
arranged was denied. IL appears to be cor
merger are under way Richard A. Nc
Curdy president of the Mutual Life Insur-
ance Company, one of the financiers inter-
ested said on Friday that the statement
that the negotiations had been completed
was Inaccurate Mr.. McCurdy said that
whatever had been done I'm the direction in
dicated, and whatever conferences had
been held were wholly informal. The ne
gotiations have been conducted by Mr.. Nc
Curdy. James H. Hyde. vice president of the
Equitable Life Assurance Society, and
Thomas +. Ryan. vice president OF the Nor
ton Trust Company. The combination. IL
arranged will bring into existence a bank
with a capital stock of so, 900 coo and depoS-
its of about sl45,000000.