The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1903-01-22
TRADE, INDUSTRY, LABOR.

American agents in the Rurer district,
of Germany, are asking the terms for
100000 tons of coal for shipment to the
United States.
The Southern lumbermen's convention has
adopted unanimously report which is in
the nature of an agreement to raise the
prices of all lumber, on some grades as
much as 81 to 81 thousand.
The National Zeitung, of Berlin, says an
American firm is about TO erect foundry
at Magdeburg to manufacture radiators.
The paper assumes that this is due to the
tariff and that many foreigners will follow
the firms example.
The Florence (CoL) Electric Street Rail-
way has recorded in the Office of the county
clerk a trust deed for 81 100000: The East
ern Trust Company, of New York, is the
trustee The purpose is to>build 125 miles
of electric railway to connect cities and
towns in the Florence portion of the Ar
kansas valley.
1t is announced that the United States
Lead Company, incorporated in New Jer-
sey. will take over various plants prepara-
tory TO merging them in the present Ma
tional Lead Company, Among the compa-
MES to be absorbed are concerns in Boston,
Philadelphia. Baltimore. Cleveland. st.
Louis. Chicago and Pennington. Mo.
The Home Tobacco Company has filed two
suits against the Louisville Tobacco Elk
change, the Louisville Tobacco Warehouse
Company and members of the two organiza-
tons. In one suit an injunction is sought.
in the other judgment asked for So. 900 dam
ages. In DOth petlt1OnS IL Is alleged that
the defendants have formed an unlawful
domination in restriction of trade, and have
boycotted the plaintiff.
The Nebraska Supreme Court has ordered
the dismissal of the suit against the Union
Pacific Railroad Company for $685. 900 for al
legged violation of the state maximum
freight law. The court affirms the report
OF the board of referees appointed To
quire into the case This report in effect
declares unconstitutional the act creating
the State Board of Transportation, which
assessed the penalties against the road.
G. w. Sheldon & Co., of Chicago. London
and Paris, state that they have formed
syndicate, including number of French
capitalists and have acquired the Chantiers
Maritimes of Bordeaux, one of the most
important shipbuilding yards in France.
with the object of profiting by the new
French shipping bounties act. The syndi-
cate, which Is said to be connected with
the United States Shpbuilding Company,
intends to modernize the yards in every de-
tail.
Before the annual convention of the West
ern Association OF Retail Implement and
Vehicle Manufacturers of Kansas City, Mo-
Cyrus II. Mccormick. president of the In
ternational Harvesting Company, spoke of
the harvester combine" so called. The i'm
plement men started a campaign against
the combine" shortly after the organiza-
ton of the company, and IL was stated that
Mr.. Mccormick had gone to this convention
in the interest of peace Harmony was the
keynote of his address, and his remarks
were applauded freely.
The presidents of the subsidiary comma
MES comprising the United States Steel
Corporation are holding day and evening
sessions in New York and viii probably not
adjourn until the end OF the week. More
than ordinary Importance Is supposed to
attach TO these meetings because they are
the first to be held since the corporation
announced its profit sharing scheme Plans
involving outlay OF at least SIS. 900 900
are being formulated by the presidents
The money will be used in undermining GER
tain plants and in concentrating the work
of others.
The executive council OF the American
Federation of Labor I'm session at Wash
ington authorized President Gompers to
proceed TO Porto Rico TO investigate labor
conditions In the island and to aid the
wage workers in organizing. He also was
authorized to aid in preventing the enact
ment of an affirmative Injunction law in
Alabama The executive council decided
TO aid financially the Federal Labor Union
of Knoxville. Tenn, in its contest with the
Knoxville wooden mills President Gompers
was directed to make every effort TO secure
executive clemency In behalf of r. W.
Clark, who, twenty-five years ago. was
charged with mutiny. and who has been
tncarcerated ever since.