The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1903-03-03
TRADE, LABOR, INDUSTRY.


basis of the legal coin, the Peruvian gold
pound.
certificate of incorporation was filed at
Dover, Del. Monday, for the Diamond Ce-
ment and Autograph Stone Company of
New York city, to mine, treat and prepare
cement. Capital stock, sl,5OO,o00.
The firm of T. NJ. Baxter & Co., pioneer
member of the Chicago Board of Trade,
failed to pay its debit balances Monday and
its few remaining debts were closed out to
meet the deficit. No outside customers are
involved and the liabilities are thought TO
be small.
The state superintendent of factories and
a party of inspectors on Monday went
drought the clothing factories in the
Brownsville district of Brooklyn. FIFTY
factories were closed on the ground that
they did not comply with the laws regard
ing ventilation and sanitary conditions. A
number of children were sent to their
homes, being under the age required by
law.
mill, at New Bedford, Mass, was inaugu-
rated Monday, and although the looms
were started with the other machinery, not
more than fifty weavers were at work: NO
demonstration attended the starting OF the
strike. About $50 weavers are out. The en-
plOyes complain of poor yarn, poor filling,
poor fixing high-speeded looms and changes
in style.
The freight blockade has forced four
Minneapolis flour mills to shut down. There
will be more out of commission on Tues-
day unless the conditions change. Monday
the mills had hardly enough cars in sight
to take care of the days run. Some OF
them will store flour as they have been
doing for the last eight weeks. others
prefer to stop grinding until cars can De
obtained.
Company was organized on Monday with
j. s. Harshman, of Springfield, o., presi-
dent; r. Emery, Columbus, vice president
and secretary; c. S. d. McGomery, Boston,
treasurer. A. z. Appleyard. CT Boston, is
one of the directors. 1t was voted to issue
stock to the amount of 100000 The COM
pany will build electric lines in Kenton and
also line to Bellefontaine.
In accordance with the action taken at
Sunday nights meeting of the Plttsburg
division of the Brotherhood OF Painters,
Decorators and Paper Hangers of America,
about one thousand painters struck Mon
day for an increase in wages from $3.D TO
$3.50 per day. Work was suspended on many
buildings i'm course of erection, but on the
large structures there will be no stoppage,
the contractors having signed the scale.
In a circular sent out Monday by j. P.
Morgan e. Co., stockholders of the Erie
Railway are asked to forward signed as
cent. convertible fifty-year gold bonds.
Stockholders are requested to approve
contract with Morgan & Co. as syndicate
managers lin which they and other direc-
tors and trustees may be included, to take
any residue Of the bonds not taken by
stockholders for PA per cent. commission.
In a circular dated Newark. Feb. IS, the
directors of the North American Company
inform the stockholders of a proposed in
crease in the capital stock from $l2OOO,O0O
to $17, ,0OO 1t is believed that the North
American Company will soon announce the
purchase Of the Laclede Gas Company, Of
clede stock has, according to report, al
ready been turned over to the North Amer
company will be offered to shareholders at
par.
Two strikes, involving three thousand
hands, were inaugurated at Philadelphia on
Monday. when four branches of the United
Garment Workers of America. including
coat operators, tailors, pressers and button
hole workers struck for better conditions.
shorter hours and recognition of the union.
The Carriage and Wagon Workers and
Painters quit work because of the refusal
of the employers to grant minimum wage
scale of $50 for a nine-hour day and a 10
per cent. increase for piece work. More
than one thousand men are idle.
Owners of property along the west bank
of the Chicago river, between Madison and
Randolph streets, have been awarded to-
tai of $697 $50. 80 damages by a jury for the
condemnation of their property by the san
itary department. The property condemned
and amounts awarded are as follows: Star
Creamery Packing Manufacturing Com
pany $l5435l.5S: John Conkaid and Louisa
Healy. 1884, with $. 1880 damage to
strip of land not taken Shreve estate. $780,
1870, with $16,940 damage to a strip not
taken.
Justice Fitzpatrick, of the United States
Circuit Court of New Jersey, has ap-
pointed Thomas c; ~ McGoyern' r.. Of
lock- lock- of New Jersey, receivers for
the Pacific Packing and Navigation COM
pany of Seattle. The application for a
receiver was made by the Colonial Trust
Company as creditor. and Rudolph Pieffer,
as a stakeholder. The appointments were
made on report of the audit committee of
New York, from which it appeared the re-
ownership necessary for the preserva-
ton of the company property pending a re-
organization. The company was organized
Aug. TO- 1901. and was capitalized at about
$13. 000, 600. The president is John COnsel-
| man, of Chicago.
The report of the English engineering
standardization committee has been COM
pleted. The committee commenced work in
June, 1901 and its recommendations in re-
gard to the Standardization of various iron
and steel sections approximate closely
those adopted in the United States and
Germany. 1t is estimated that the stand
| ardization will result in saving millions of
pounds sterling annually to the British
manufacturer and user. In structural steel
amount to S. 10000 annually, and it is held
that the Standardization will enable the
British manufacturer to deliver quicker and
avoid the delay which has resulted in the
United States securing so many locomotive
and bridge contracts for South Africa and
Egypt. The British government has prom
1Sed the cooperation OF all the heads of
departments. and is determined to enforce
| the use of standards, SO that in an emer-
gency ii may be able to get it's require
ments from British firms.
The adoption by the French Chamber of
| Deputies on Saturday of the principle of a
government monopoly of petroleum has
| brought out number of energetic protests
| from leading refiners. The Francois pub
| lished interviews with representatives of the
| trade which take gloomy view of the out
| look. They agree in saying that the Ameri-
| can company will get the benefit Of the de-
preston of the French industry. NJ. Deutsch
says the additional tax means more profits
| for the Americans as the French industry
| is rarely able to compete with the Ameri-
| cans under the present tax. Another lead
| ing refiner characterized the action taken
| as giving the Americans the open door TO
| France. Consul General Gowdy's records
show that petroleum is the third largest
| American import TO France, coming next to
| cotton and copper and aggregating in value
| last year 81. 1880 The consul general adds
| that the American company has extensive
refining plants and tanks throughout
| France, but he is unable to foresee the eff
| feet of the law on American product.
Three Suicides at st. Louis.