Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1890-06-11
CRACKER COMBINE.
CAPITALISTS GRADUALLY CORNERING THE
FOOD OF THE COUNTRY.
The Erection Of Mammoth Factory Already Begun
in New York-The New York Biscuit Com
pany Organized-Prncipal Factories
in the Country Involved.

New YORK, June lO.-The Tribune
to-day says the cracker manufacturers
of the country have perfected their
scheme for the formation of combina-
tiOn or trust, which shall have absolute
control of the industry.
The immediate result will be the con-
centratiOn of the various branches of
the trade in the commercial centres,
under one management and in many in
stances under one root.
In New York City has already begun
the erection Of mammoth factory with
capacity Of making 1000 barrels of
flour day into crackers. The Struc-
ture will be on the north side of Fifth
street, near Ninth ayenue, and il will
cost not less than 81, 100000.
The project of forming such trust
was started six months ago, but ut first
many of
TIE PROMINENT MANUFACTURERS
refused 20 20 into il. There are reports
in circulation to the effect that some OF
the principal houses regarded the move
ment as speculative one, engineered
by the Diamond Match Company. Color
was given 10 these reports by the fact
that George L. Johnson, President OF
that company, was one Of the leading
advocates of the SCENE. Mr.. johnson
is now treasurer Of the Trust, the New
York branch of which is known rs the
New York Biscuit Company. Until
three weeks ago the +. \. Kennedy
COMPANY, which has extensive factories
in Cambridge, Mass. and Chicago, de-
clined to 20 into the movement, but II
finally yielded, and the
ACTION MADE TIE SUCCESS
Of the project certain. Holmes Il
CoutS. of New York, also refused at
first To join. but they also came to terms
a few days ago.
The New York Biscuit Company was
organized with capital Of $1,000, 900,
stock for which has been, or soon will
be issued. All the principal factories
I'm the Middle and New England States
have been sold outright 10 the company.
| but for the present they will continue
I i'm operation under the management of
/ their former owners. In this city among
| the manufactures purchased were those
/ of Brinckerhoff n Co.. ChaS. L. Good
win. VI. +. Catterfcld. Holmes \ CoutS.
/ the Standard Biscuit Company, the
Trcadwel X Harris Baking Company
land the +. A. Kennedy Company, the
/ last 10 enter the Trust.
/ just how the stock is apportioned To
the sellers of plants will not be di-
vulged by the Trust, but is known that
I it will be in proportion to the business
done by each in the past. Under this
arrangement the +. \. Kennedy Com
pany will have the
LARGEST INDUSTRIAL INTEREST
/ iu the new organization, but not >uiii-
cicnt. of course, to give it control. The
Ionicers of the New York Biscuit Com
panv are: President, W. H. Moore. OF
| Cincinnati: Treasurer and Secretary,
/ George 2. Johnston, President of the
Diamond Match Company; General
/ Manager. Joseph l.. Amer. The com
pany has offices ON the third floor ot the
| Mercantile Exchange. This combina-
tion was formed, they said, TO prevent
some firms from cutting prices below .
profitable figure, aud for cconomizing
resources 10 establish the business upon
a more substantial basis.