The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1903-12-06
TRADE, LABOR, INDUSTRY.

The board of directors of the Westing-
house A!rbrake Company yesterday de-
clared the regular quarterly dividend of 211
per cent. and an extra dividend of 31a per
cent payable to stockholders of record Jan.
IL, 1904.
Acting on the orders of the United States
Steel Corporation. retrenchment is making
in all departments of the Bessemer & Lake
Erie Railroad. Operators, trainmen and en-
ployes of all classes to the number of sew
eral hundred have been discharged.
Elisha w. Bucklin and FELTON, NJ. Lyttle,
stock brokers of Boston, doing business as
E. w. Bucklin & Co., filed a voluntary pc
tition in bankruptcy yesterday. James d.
Lowell, of Boston, was appointed receiver.
Liabilities are placed at $63.S7O. all unse-
cured.
1t has been decided to amalgamate the
Algemeine and Union Elektricitaets compa-
MES of Germany, which had already formed
panys 24,000000 shares will be transformed
into 16, 100000 shares of the Algemeine shares,
making the capital of the latter $l9,OOO,OO0.
Twenty-seven men who arrived at Coal
work in the mines were escorted out of the
town during the night by a body of 500
striking miners 1t is understood the st.
Louis miners came from Colorado. They
said they did not know the miners were on
strike.
The controller of the currency has au-
thorized the First National Bank of Allie
gheny, Pa, to resume business Monday
First National Bank Of Pittsburg. has been
elected president and a reorganization of
the board of directors has been effected.
| The bank found to be entirely solvent
| and will resume with unimpaired capital.
Judge Thayer, acting as special Judge of
| the United States Circuit Court at ST.
Louis, granted an injunction yesterday re-
| straining seventy-five members of the st.
| Louis Typefounders' Union No. and other
| former employees of the st. Louis branch of
the American Typefounders' Company from
| interfering with the business or the present
| employees of the company
| Headquarters of the Brotherhood of Rail-
road Freight and Baggagemen of America
| at Lancaster, Pa, was closed yesterday at
| the request of President Robert F. Neill.
General Secretary John Rupeley. 1t Is said.
| was directed to attend the biennial conven-
! ton of the brotherhood now in session in
| Baltimore. On Rupeley's failure to appear
to answer charges that certain of his &C.
| tons were detrimental to the brotherhood
| the officers decided to close the office until
a thorough investigation be made.
William Clarke & Sons, bankers at New
| creditors to the Van Norden Trust Com
| pany. The firm Is composed of James and
| Hudson Clarke and had a mercantile rating
| of from SIS 900 to $125,000 The failure is said
J TO be intended for a clearing-up business
rather than because of any great deficiency
in accounts. Attorneys for the firm an
| nounced that sit is merely formal assign
ment" The firm expects to pay dollar for
| dollar and then have a balance to spare.
| Cotton manufacturers at Fall River have
| received circulars from manufacturers i'm
| North Carolina inviting them to attend a
| meeting to be held in Charlotte. n. c., on
| Tuesday TO consider some plan for a united
curtailment to NEE the cotton crop condi-
| tons. Two of the Fall River mill owners
have gone to North Carolina in an unoffi-
cial capacity. but 1t is said that II they re-
any 1be OF that hhe m eorp III the
made to bring about favorable action on a
| curtailment proposition.
The Austrian cotton manufacturers are
seriously affected by the advance In the
| American cotton market. A majority of
the manufacturers were entirely UMPIRE
| pared for the rise, carrying very small
| stocks. and consequently they will be
Obliged to restrict their output to the low
| est amount Some factories are expected
| TO shut down temporarily. Experts say
that the entire continental cotton industry
must be readjusted to meet the con-
| ditions and some profess to see consolation
| In the probability that the general curtail-
ment of manufactured goods will tend TO a
healthier condition in the cotton industry OF
! Europe.