The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1903-03-19

The minority interest will be owned by the
Crucible people and w. p. Snyder. Mr..
Snyder will remain president of the con-
Germ. This sale includes a billet contract
by which the steel corporation Will sell BILL
lets to the Crucible company. 1t also ends
the hopes of the independents for cheap
sheet bars and billets."
The Kansas City Stockyards Company.
through whose yards the Kansas-Missouri
State line runs, has taken steps TO comply
with the new law passed by the Kansas
Legislature reducing feed and yardage
charges. Spectators have been notified
that their pens will be situated on the
Kansas side of the line. The commission
men who have had sale pens on the Kan
sas side will receive their consignments in
pens on Missouri SOIL where there will be
no change in the collection of the yardage
fees
For the second time bids for the Wash
ington filtration plant, one of the largest
projects ever authorized by Congress for
jected by the War Department. Secretary
Root Wednesday announced that he
would advertise for new bids in view of the
recent act of Congress increasing the limit
of cost by 100000. Under the terms of the
statute providing the funds and fixing the
limit OF cost at s3S6S. 4O5 1t is required that
the plant shall be complete and ready for
operation by Dec. l, 1904.
The German Commercial Congress as
sembled at Berlin Wednesday. In well
coming the delegates Interior Secretary
Won Observation-Disclosures spoke of the more
favorable industrial outlook and, referring
to the renewal of the commercial treaties,
declared that while each of the conflicting
interests must yield something to the 9TH
ers they all could depend on the govern
ment defending the interests of home In
dustries with the same vigor which would
DOUBTLESS mark the attack of the foreign
governments in behalf of their respective
countries. Sober, technical appreciation of
the actual politico-commercia conditions
could alone enable Germany to successfully
negotiate treaties without economic con-
vulSiOnS.
down on the Delaware river have been
bought from the international Mercantile
Marine Company by the Pacific Mail Steam
ship Company. They are the Minnetora
1900 and 1900 tons burden and $500 tons
displacement. They sister ships of
the Minnetonka and Minnehaha of the
Atlantic Transport Company. 1t is ex-
launched in June and the other in August.
Both will be ready for service before the
end of this year. The new ships will un-
doubtedly ply between San Francisco and
Honolulu. Manila and Japan. In all prob
ability their rames will be changed when
they are launched.
Among the new machines for conserving
energy that Lieutenant G.. L. Garden, Of
has found in Germany for the st. Louis
exposition is one to catch the heat units
flying out of a factory chimney. This ap-
pliance in a plant at Dusseldorf. now
yields 2,100 horse power. Another device
to economic force can be attached to q
steam engine and increase its power one
third without increased fuel consumption.
Lieutenant Garden, who has been search
ing Europe for eight months for useful ma
chimes invented since the Paris exposition,
has arranged to send over about twenty
other novelties, including the process for
making smokeless briquettes, which has
been adopted by the British Admiralty and
also German briquette machine to utilize
coal waste.
Henry Tatnail and John NJ. Mack. receiv-
ers for the Asphalt Company of America
and the National Asphalt Company. have
filed in the United States Circuit Court at
Trenton, n. j., a schedule of the assets
and business of the sixty-odd subsidiary
companies the stock of which is owned by
the two companies now in the receivers
hands. The schedule of the subsidiary COM
Lalies of the Asphalt Company of America
shows that the aggregate liabilities of all
the companies over the assets amount to
81 .5S4.OOO. In the liabilities are included the
capital stock of the subsidiary companies.
The balance sheets of the individual COM
panies show greater liabilities than assets
except in eight cases. These eight COM
panies show a surplus of assets over liabiii-
ties of sos 900. The subsidiary concerns of
the National Asphalt Company show in the
aggregate liabilities of $4,000 in excess of
assets.