The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1886-03-26
PROPOSE TO DISBAND,
ruETAok MANUFACTURERS spIlT
They Will Abandon tho Coordination or Pool
ing Arrangement In Vogue for the Past
FOw YSarS-A Committee sIaIpg up
whssllng's Factory to this End.

Messrs. Albert Field and q. L. Pickett,
Of New York, and D, B. onshman, Of
Boston, arrived in the city yesterday and
registered at the stamm House, These
gentlemen are committee from the Cen.
trail Manufacturing Company to visit Ger.
tain tack manufactures aud take an in
ventory Of the same. They came here
for the purpose Of taking an inventory Of
the works Of the Norway Tack Company,
Of this city, which belongs to the Central
Company.
The Central company, commonly known
az the Tack Manufacturers Combination,
has for several years been a potent factor
Ia the tack market. 1t 10 a corporation
that was organized in October, 1881, under
the laws oiiAiassaChusetis II commenced
doing business April /, 1882, with paid.
up available capital ot$l 100000, 1t was
nothing more than q union Of about four
ty manufacturers already established,
with a view to regulating the production
in conformity with the demand, and to
enable manufacturers to secure profit
that had long been wanting, owing 10 over
production and the resulting competition
and decentralization Of prices.
THE CoNPANY'S SYSTEM.
The general plan OF the company was to
distribute stock among the concerns con.
stituting the company according to the
number OF machines operated by each,
the company taking material and goods on
hand in payment OF stock, and leasing the
machines OF the incorporators who have
since continued to operate them for tho
company and under It's direction, as agents.
Since the company was organized few Of
the original incorporators have withdrawn
for one reason or another, and number
OF others have been induced TO become
members. The policy OF the company has
been to discourage tho outside manufnc.
turs Of tacks, and in carrying this policy
out II was thought advisable to buy out or
induce the new concerns to enter the COM
bination.
OF late, this policy has boen abandoned
and there IL now no doubt that the first
Of April will see the leading tack manuiau.
turers OF the country released from the re-
striCtions they have been under as parties
to the combination, and the dissolution
Of the Central Company.
oBiECT OF THE VISIT H1hE.
This will in short time give to the
tack market an entirely different aspect
from that which 1t has presented for Bev.
eral years. 1t Ia for the purpose Of settling
up the affairs OF the Central Company
that the gentlemen named above arc now
taking inventories. They were accom-.
panied by Mr.. l. 7. Jones, Of Boston, who
Ia interested in the Norway Company.
In It's trade reports Tile Iron Age Of q
recentdate says, that the approaching dis.
solution cannot DO regarded az
an indication that the company
was unsuccessful In carrying out
the objects .oi tho organization. The
market was in q deplorable condition four
years ago, and It Is conceded thai
the manufacturers have secured O
profit which could not be ex.
peCted under the former condition oil
things; at the same time they have given
regularity 70 the prices and enabled the
trade to handle their goods with profit. II
10 the opinion Of come that certain bad
mistakes have been made, mainly in the
direction Of attempting 10 accomplish toe
much and putting prices at 80 high point
as 10 encourage the establishment Of com.
petition, to which, the policy Of buying
out new concerns gave extra inducements
AIMED TOO HloH.
As 10 the causes that have led 10 the
coming dissolution, they may be said Il
be the serious interference Of the con.
tinual entrance into the market Of out
sidsra who, while not making full line
OF goods were able TO produce sufficient u
compel their recognition by the combipa
ton and give more or lees irregulRtitytc
the trade. As II was no longer feasible Il
buy out these con srns, there followed {
divergence Of opim ls as 10 the policy Il
be pursued. There's yrctlonof production
kept machines In idleness aud causet
more or less dissatisfaction and restless
ness among the manufacturers.
The regulation Of the company requlr
ing the sending out Of lacks with the labe
Of another manufacturer has had It's ihflu
enCe, with other causes. II IL belieyet
BY many that the company has outlivaC
| its usefulness and that IL Is not only TIL
part Of wisdom but the duty Of all con
Cefned 10 speedily close up.
Asa result Of this action great irregular
ity will, in oil probability for q time d
least, be given 10 prices, and as the capac
ity for the manufacture OF taCkB is thtel
times as great as the market calls for
lively competition may be looked for
perplexlng questions will arise amonI
manufacturers as 70 the policy 10 be puf
sued and there will be d strong tempta
ton 10 Withstand, 10 engage In unpfoitablI
competition. Dealers who have recently
been buying freely will have 10 stand
material decline Id values and all the con
dltions are, on the whole, undesirable,