The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1903-01-31
TRADE, INDUSTRY, LABOR.

TRADE, INDUSTRY, LABOR.
The big lumber mills at Port Blakely,
Wash, together with fifty thousand acres
of timber lands in Macon and Kirsap coun-
ties, have been sold for 50, 900 to syndi-
cate of Michigan lumbermen.
An order has been issued by the Louis
vile & Nashville Railroad stating that on
account of the contested condition of traffic
no more freight cars of that line would be
turned over to roads affected by the block
ade.
Mine operators of the Georges Creek coal
field of Maryland announced Friday that
they will, on April !, increase the miners
pay. Inc men now receive 80 cents ton,
and 1t is thought the increase will be 10
cents ton.
The Coaley Epicyclonical Engine and
Development Company was incorporated at
Trenton. n. j., on Friday, with capital
stock of sl5,0O 100000. The company is to de-
velop rotary engine, the invention of j. F.
Coaley. The incorporators are Charles T.
Farquhar, George f. Taft, William c. Gray,
]. f. Coaley, Matthew E. Grately, Frances
N. Coaley and Alice E. Gray.
The Maryland Telephone and Telegraph
Company which operates an independent
telephone system in Baltimore and vicinity
was sold on Friday to syndicate repre-
company is capitalized at $1,00O000, and
has outstanding $1,0O0,OO0 of 5 per cent.
bonds. 1t is said the capitalization will
be increased for improvements.
The physical property of the Richmond
Wa.) Telephone Company was sold Friday
by the Virginia Trust Company, trustee to
Warner, Moore e. Co., whose bid was $10,-
900. There were no other bidders. 1t is be-
Bell Telephone Company. The application
for temporary injunction to restrain the
sale made by w. G. Heinroth and others, of
Chicago. was withdrawn, settlement hav-
ing been made.
Vice Chancellor Stevenson, at Trenton.
issued an order on Friday restraining the
United States Tobacco Steaming Company
from transferring to Joseph G. Haven 9,4O0
through James B. Dill, counsel for j. NJ.
Cullingsworth and other stockholders of
the company. The stock was transferred
by resolution of the board of directors in
payment for certain patent rights. Haven
was in the employment of the company
and receiving a regular salary for patent
work.
A powerful bituminous coal combination
has just been formed in New York by the
coalition of the Consolidated Coal Company
of Maryland, the Paramount Coal Company
of West Virginia and the Somerset Coal
pany is to retain the title of the CONSOLE
dated Coal Company, and will have a total
output of nearly 100000 tons a year. 1t
will load four hundred large steel cars a
day. and will have two piers in Baltimore
at which it will be able to fill a steamer of
over 1000 tons in a day. The principal
sales agency will be in New York.
The complete organization of the Interna-
tional Mercantile Marine Company was an
nounced Friday. The officers of the cor
poration are: President, Clement A. Girls
com; vice president in Great Britain, Sir
Clinton Z; Dawkins; vice president. in
James s. Swartz; assistant treasurer,
James E. Fahnestock, jr.; secretary, Emer-
son +. Parvin; assistant secretary James
j. Hope; assistant to the president and
manager of insurance department, Rodman
L. Griscom; controller, Monroe Tingley;
general counsel, Francis Lynde Stetson.
Following James ]. Hills recent sale of
the Northern Steamship Company's freight
steamers and the Great Northern elevator
and docks at Buffalo to the New York Gen.
trail and other Eastern roads, the chief
traffic representatives Of all the railroad
lines that were parties to the purchase met
In Chicago on Friday and determined upon
rates and divisions of traffic. 1t was not
decided. however, whether the Northern
SSteamship Company's freight fleet would
De run as separate , organization or
whether the six boats would be divided
among the railroads interested in the deal.
President Burt, of the Union Pacific Rail-
road at Omaha, Neb. on Friday met rep
resentatves of the striking shopmen of
that system to continue the conferences be-
gun in New York three weeks ago Fri
days meeting resulted in the latter repre-
sentatives leaving without reaching a set
now be continued indefinitely and will be
extended over the Southern Pacific system
At Union Pacific headquarters the follow
ing official statement was made concerning
the strike situation: "Piecework has been
a successful system in the shops of our
company for six months past, and the COM
mittee representing the strikers was told
that no change in the system could be
made at this time. About IS per cent of
the work done in the Omaha shops is by
piecework; 100 per cent. of it at Armstrong
and from 80 to 100 per cent at other places
We now have more men in the shops
here than we ever had before, and their
character and skill are all that we could
ask A reduction will soon be necessary.
because our busiest season is now over If
we were to take back the strikers now il
would mean that our force i'm the shops
would be crowded out, and this we dislike
to do; but would not have room for
two forces"
Detailed information of much value to
exporting interests concerning German
trade is contained in a report to the State
Department by United States Consul Cen
eral Mason at Berlin, just published. Mr..
Mason analyses the new tariff act showing
how it will affect the future import trade
of Germany from the United States unless
meanwhile modified by reciprocity treaty.
Especially significant, he says. are the
largely increased duties grain and
cereal products, that on wheat rising from
the minimum rate of soc to 81 IS per 100 kilo-
grams The duty horses, now uniform
at s476 per head, rises to figure varying
from s21 to ss5. Bicycles. instead of paying
81. 81. will pay $3.50 per 100 Kilograms.
Similar increases are reported in other
important staple exports from the United
States. such as shoes, lumber, machinery,
railroad apparatus and railway material.
Most raw materials remain on the free
list Agricultural implements of small type
are given reduced duties, which Mr.. Mason
cites as illustrative of the scrupulous care
with which the new act favors the agri-
cultural as opposed to the industrial and