The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1903-03-18
TRADE, INDUSTRY, FINANCE.

Announcement has been made that WORK
mary survey for an international railroad
bridge across the Detroit river at Detroit.
Emperor William is visiting the King of
Saxony at Dresden. He was met at the
railroad station by King George and the
in an open landau to the royal castle.
Plans are under way to establish big
blast furnace on the Pacific coast, either
at the extreme northern part of Santa
Barbara county or at the Port Hartford
San Luis Obispo point. by Mexican syn
dictate mining and operating iron mines
near Mazatlan. 1t Is understood the COM
pany proposes establishing a steamship line
between Mazatlan and the furnace plant.
The annual meeting of the United States
Spirits Association was held In Cincinnati
on Tuesday. The members of the execu-
tive committee, with the exception of s. M.
Rice, Of New York. who was succeeded by
Oliver N. Perrin, of Cincinnati, were
elected. w. N. Hobart, of Cincinnati. was
reelected chairman; j. Walter Freiberge,
messy. Of Chicago. treasurer. H. j. NJ Car
deza, of New York, and Oliver N. Perrin, Of
Cincinnati, are the other members Of the
committee.
correspondent at Berlin, after convers-
ing with a number of bankers of that city,
finds that the apprehensions regarding the
financial situation in New York are still
pronounced. The American demand for
prevails among Berlin financial men that
speculation in the United States has been
overdone and that credits have been unduly
expanded. 1t Is pointed out particularly as
a sign of too rapid capital absorption that
il is now difficult for American houses to
dispose of first-class bonds bearing inter-
est at per cent. The same difficulty is
experienced by German banks In handling
American bonds.
In the British House Of Commons Tues
day night Charles Macarthur. Liberal
Unionist, moved a resolution declaring that
n l<,vaxr nF1fG in, 6za nx,I
commercial policies of foreign countries
leading to the exclusion of British trade
where il was previously established called
for the serious consideration of the gov
of the empire. He referred particularly to
the effect of the Cuban reciprocity treaty
and urged that a special tax be levied on
that closer commercial relations be estab-
lished with the colonies. Evylin Cecil, Con-
servative. in seconding the resolution ad-
mission to watch foreign competition. The
resolution was being debated when IL was
found that there was no quorum and the
House rose
The statement of Vice President Search.
of the Consolidated Lake Superior Com,
pany, to the stockholders shows: Iron and
steel plants and their accessories represent
an investment of 81, 43S, SOo mining properties
represent an investment of s., 0S2 600; the
Ferro-N Nickel reduction works at Sault ste
Marie represent an investment OF $499,7OO;
the transportation interests. rail and water,
represent an investment Of So 200: the
pulp mills represent an investment Of ST.
024.000. In water-power development and
equipment the company has invested, on
the Michigan side, 1898, 600. In addition to
the proceeds of s., SOC. 900 of bonds issued by
the Michigan-Lake Superior Power Com
pany. In sawmills and lumber operations
the company has an investment Of $26S, 700.
Ofices, buildings and other real estate
represent an investment of $296.9O0 The
ferent plants aggregate about s., 600 600.