Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1890-07-24
MILLIONS OF MONEY
Of English Capital Seeking Invest
ment in This Country
In ALL INDUSTRIES BUT COAL.
One Pittsburg Agent Who has $15,OOO.OOO
Awaiting Disposal.
FIVE ESTABLISHMENTS UNDER OFFER

Every now and then reference is made to
the supposed operations of syndicates seek
ing to invest in local industries, until the
tale is so worn down that the great mass of
readers of the daily papers-outside of the
small section presumed to be on tie inside
of these negotiations-no longer places re-
lance on its repetition. There may be some
reason for this incredulity on the part of
the public, owing to the small number Of
deals consummated out of the many talked
about, but on the other hand it is an un-
doubted fact that there is on the market at
present great deal of both American and
English capital-more especially Of the lat
ter-for legitimate investment in paying in
dustries.
Such negotiations are, by their nature,
kept very close. and even after the consider
alton money has been paid over, the partic-
ulars of the transfer of an American indus
try into the hands of English capitalists,
does not always reach the public.
READY TO REPORT PROGRESS.
From conversations had recently with
gentlemen resident here who hold extensive
commissions for the placing of English
capital in selected industries, there is no
doubt that there is large amount of En-
glish money awaiting favorable investment
in this country. One gentleman now in
Pittsburg. who has SIS 600, 900 to invest for En-
glish clients, in such industries as will show a
fair return on the capital. within day or two
will communicate with his friends regarding
five es establishments on which he has obtained
figures at which the owners will sell.
"Englishmen," said this gentleman ''are be-
ginning to recognize the remarkable growth
and energy of all classes Of industry i'll this
country, and are beginning to see that under
the fostering care of a government pledged to
protect native industries against encroach-
ments from abroad, that there is certainty
lished industries here than there is at home,
where, owing to various causes the return OBJ
tanned from capital invested in active enter
prises is not commensurate with the risks.
There is also in England at present, more or
less of a sense of insecurity regarding the poit-
ical aspect of the country. The Queen is an old
afflicted with incurRble disease, and the
Princes son a STRIPPING of so weak nature that
nothing is or could be expected of him.
LOOKING FORWARD.
"Englishmen look far ahead. and they see IN
this country more secure and more remunera-
tive opportunities of investment than they do
at home. The causes have mentioned result
in commissions being sent over here for the
placing of millions of money in such enter
prIses as turn out to be desirable. The branches
of industry most sought after by investors are
iron and steel plants. breweries. glass factories
and well-establlshed implement houses.
Neither coal mines nor lands tempt them in
the least, as they have at home as full opportu-
nifty of investing in such property as they have
here. The syndicates so often spoken Of are
generally nothing more than the agent of for
eign capital who is seeking investment for his
patrons money"
In this regard ir may be mentioned that
gentleman connected with a wel-known iron
and steel plant in this vicinity is now in En-
gland conducting negotiations with English
purchasers of the property. 1t may be taken
as assured that English capital has its agents
here on the watch for profitable investments,
and that such will be accepted and close as
often as the opportunity offers.