The Indianapolis journal., 1903-01-16
TRADE, INDUSTRY, LABOR.

Detroit has been selected by the directors
of the Cigar Dealers Association for the
second annual convention of the organiza-
tion which Will be held Jan. r. 1904.
The directors of the Amalgamated Copper
Company have declared quarterly divi-
dend of one-half of / per cent. 1t is un-
changed from the dividends recently de-
clared.
The lease of the Manhattan Elevated
Railroad by the Interborough Rapid Tran
sit Company of New York was approved
Thursday by 80 per cent. of the stock of the
Interborough company.
The fourteenth semi-annual meeting of
the Western Paper Box Manufacturers As
sociation is being held at Chicago with
seventy-fve delegates present, representing
the leading box makers between Denver
and Pittsburg.
An opinion has been handed down In the
United States Circuit Court at New York,
by Judge Wheeler, sustaining the validity
of the United States tax imposed upon the
Vanderbilt estate under the war tax act of
June 13, 1895, amounting TO $311,6Sl, as as
sessed and collected by the United States
collector of internal revenue.
The bricklayers convention at Memphis
on Thursday discussed the subject of
school for apprentices. This school is in
tended to be one in which the young ma
sons can be trained to be both proficient
bricklayers and good foremen. There has
arisen feeling among some of the later
artisans that the order should be raised 10
a higher plane.
The Prudential Insurance Company,
United States Senator F. ID. Dryden. its
president, and others who are directors of
the company. have filed in the Court of
Chancery at Trenton, n. j., notice of ap-
peal from the preliminary injunction grant
ed in that court restraining them from pur-
chasing any of the proposed new issues of
stock of the Fidelity Trust Company of
Newark.
The National League of Commission Mer-
chants, in session at Chicago, devoted it's
1nxr 10 tlA Iii, l~slt
of taking action against the express COM
panies which are said to be competing with
members of their organization. The ex-
press companies, they declare, bring in
produce and sell to dealers through their
own agents at prices that the commission
men cannot meet.
The passing of a 100000 check at Balti-
more on Thursday was the final act which
sewers the relations of the street railway
system and the electric light business in
Baltimore. Upon the payment of this check
the United Railways Company handed over
to the Electric Lighting Company the en-
tire common stock of $2,0O0.000 and the
bonds and stocks of the Mount Washington
Electric Lighting Company
Delegates of the Order of Railroad Teleg-
raphers who were i'm conference with the
Baltimore d Ohio officials at Baltimore, re-
turned home Thursday night and announced
that a wage settlement had been agreed to
which gives to the operators an average of
10 per cent. advance in wages, a reduction
OF work from ten TO nine hours and ten
days vacation each year with pay More
than 1900 men are affected by the settle
ment.
The next national convention of the
National Association of Retail Grocers will
be held in San Francisco. The per capita
tax was fixed by the Kansas City conven-
tion at 10 per cent. per annum. The fol-
lowing officers were elected: President,
G. r. Lott, Chicago; secretary, Fred Mason,
st. Paul; treasurer, F. A. Newland, Tope-
ka; executive board; G. a. Shearer, Peoria,
ILL.,; III. NJ. Schwab, Madison, Wis; George
Il. Bond, Kansas City.
Several prominent Independent steel man.
ufacturers of the country on Thursday wit
messed test of the new process of making
steel direct from ore in an electric furnace.
1t is asserted that the process saves 80 per
cent. in fuel and 80 per cent. in power.
The test was witnessed by S. r. Wellman,
of Cleveland; John Fritz, of Bethlehem;
w. j. Taylor, of Highbridge, n. j.; Walter
A. Phillips and DR.. Frank Slocum, of
Pittsburg; j. Il. McLanahan, of Holidays
burg, Pa; j. b. Kramer, DR.. Brooks and
Fred s. Dean, of Philadelphia; +. Thomas,
New York.
Judge Joseph Burlington, sitting in the
United States Circuit Court at Pittsburg
on Thursday, handed down an opinion in
which he decided two cases brought by the
Western Union Telegraph Company against
the Pennsylvania Railroad Company. One
on the law side of the court was a peti-
telegraph company's lines along the rail-
road; the other on the equity side of the
court was application for an injunction
to prevent dispossession, the telegraph
company pleading the final outcome of the
petition to condemn. Judge Burlington re-
fused to grant the petition for condemna-
ton proceedings and dismissed the motion
for preliminary Injunction.