The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1903-01-01
TRADE, INDUSTRY, LABOR.

The Philadelphia & Reading Railway
Company has decided to continue the pre-
vailing prices of anthracite coal during
the month of January.
The Alliance Electric Railway Company
and the Stark Electric Railway Company,
of Stark county, Ohio, filed a certificate
Of combination into one company with the
Ohio secretary of state yesterday under
the name of the latter, with a capital
stock of 100000 c. r. Merely is presi-
dent and E. S. Cook secretary.
Two attachments aggregating 1893 have
been granted by Justice Scott of the New
York Supreme Court, against the property
Of the keystone Telephone Company, a
New Jersey corporation. with headquarters
assigned claim of the Standard Under
ground Cable Company. secured one at
tachment, and the National Conduit and
Cable Company the other.
The Anglo-American tobacco trust will
introduce at Berlin q system of rebates
and premiums to small dealers. The trust
owns only one factory in Germany, the
Jarmatz, at Dresden, which it has greatly
enlarged and filled with new cigarette ma
chinery of American make. 1t has not ac-
copied so far other factories which were
offered to 1t by timid proprietors, but has
negotiated without success for two or three
of the largest businesses in Germany.
An opinion by Attorney General Roberts,
of Oklahoma, asserts that 100000 worth
of warrants issued by the school districts
of Caddo, Kiowa and Comanche counties,
bot sixteen months DID, and before the first
tax levy was made it became necessary to
have money with which to build school
houses. Therefore the warrants were is
sued. They are held principally in the
East.
Counsel for the United States Steel Cor
poration yesterday filed in the New Jersey
Court of Errors and Appeals a brief re-
plying to the argument of counsel for j.
Aspinwall Hodge, who is seeking to re-
strain the conversion of $2O0,O0OOO0 of the
preferred stock of the corporation into
$200,OO0000 5 per cent bonds The brief in
the main relies on the adjudication in the
Berger case, which was some time ago de-
cided by the court in favor of the steel cor
poration.
The referendum vote of the Brotherhood
of Locomotive Firemen on the $4,000 ap-
preparation for the erection of home for
aged and disabled railway employees has
The home is located at Highland Park, a
suburb of Chicago, but it was decided to
secure another location. The trainmen
and conductors at their last conventions
appropriated $4,000 each, and the total of
$4,000 will be used in the purchase of
ground and the erection of a suitable
building.
Announcement was made yesterday that
special meeting of the stockholders of
the Consolidated Tobacco Company had
been held. at which it was unanimously
voted to increase the capital stock from
$50, 100000 to $i0,O000Oo. Present sharehold-
ers will have the privilege to subscribe for
the stock at the rate of one-third of
their present holdings. There will be no
public offerings of the new stock, which is
all common. and WILL it is announced. be
placed in the treasury of the company to
be used in the regular course Of business.
The Cleveland City Railway Company,
| known locally the Little Consolidated,
| through its president, Senator Nj. y. Han
| ma. has signed a one-year contract with the
Amalgamated Association of Street-rail-
way Employees of America, covering the
| scale of wages to be paid to its motormen
and conductors. The hundreds of employees
| of the company are much elated over the
successful outcome of negotiations that
| have been in progress for some time. The
Little Consolidated operates nearly a doz-
en- different street-raiiway lines.
According to the annual report of the
| New Jersey State Board of Assessors CON-
panies incorporated under the laws of New
| Jersey have brought into the state treas
| ury during the past year s., So, AS in fees
| and taxes. There are. the report shows
| 1900 industrial corporations doing bust
| ness under New Jersey charters outside OF
| the railroad and canal companies, which
| are taxed separately. There was 81 52S
| 255 paid by the railroads i'm taxes this year
| so that the total receipts from corporate
| sources were upwards of 100000