The sun., 1891-03-11
TREE BIG COMBINATIONS.
~.-rns OF s7xEL RAILS, TYPE. AND
vIrs POOL THEIR XNLEREsTa.

.. Rail 1skias Leads 20 eynai.
-. Co,troi-Ths Tyre FeuaAers OF che
r....-, ssa che wsslisa Hat Msau.
s.st.rsrs Conbias for Hossssy h Ere
1910. saA decreased frssts.
,,.vmidsble combination OF manufacturers
80, ysils was organized yesterday IN the
~. a. the Illinois Steel Company. 48 Wall
sus 49,. The companies In the combination are
~. .s. .o.t powerful In the business. They are
~. .nn.Sschsvanna Coal and Iron Company. the
.ss..,on steel Company. the Cambria Steel
~ I.on Company. the Bethlehem Iron Com
nv u. ,hs Illinois Steel Company. the Pennsyl-
ps stss Company. and the Edgar Thomson
Steel COMPANY .,., .. A..
...,..ds AZ the Scranton stsol Company since
MA's M.I'sss.ni,stion seven years ago Tho capital
~ ~ S750.O00. and W. w. Scranton, the
prsadsnt was formerly general manager OF
~ f.ctavanns Company. Walter Scranton
- = vice president. The scrantoa Company
". .ot regarded the price lists OF
ssN.r msnuiscturers, and has repeatedly
s.,.asrsoN ihe oldor companies. 1t start
"a ,llh alongside the Lackawsnna In
1900 ssd had its main offices In New York.
-. Rsrsnton company has all along refused
...,.,css toward consolid dation with the Lack
s...ea company. and has gone on its way out
tins prices,
,,naa and thu other companies. and they had
s.s.,nInsd to retaliats. Az they are mighty
ss.,Aniss with great capital this would have
~ disastrous to the weaker com pany. The
sSrsntou capitulated yesterday. and consoli-
Sstioa with tho Lackswanna was effected.
m, M company willissue -. 7J0, 100 OF stock.
oivhioh S3OO0OO0 will 20 to the stockholders
Mia Lsckawanna and s75D.00O to the stock
ssidsn Of tho Scranton. ehars for share. w.
" scranton is to be . director In the new
company. anil Walter Scranton is to be sales
,rsat The result Of the combination. 1t 10 OK.
pscted. will be to steady prices and to keep the
sssl rail business we'll In hand.
Ths fact OF proposed combination OF al the
tvp~ foundres In the United States has been
rsported In The Sun. This syn dicate Is COM
posed oil Paris and London bankers in COM
hastion with the majority OF present own
sn Of type foundries in the United States.
ind s6Ooo9O has teen 2: advanced sy ths tn io toE,
yoit iI city sisy to be ussd for the purchase Of the
various plants Negotiations looking to this
epd have been in progress for more than Two
yesrs a1u uu5io "a "sA0eu'"' "s' A""s
There are twenty eight or twenty-nlne type
ioundriss In the United states. with an agRre-
arms thai have signed the options are Mardsr.
tuss Company Of Chicago; the Union Type
Foundry. Chicago several concerns at san
n1S5ss IL snd tbe %sse smeSs
I Jordan Of Philsdelphia; James Con I,
timors and ! elsewhere; 10 az concern, rSn- rE
fIs mos. important concerns that hay. nj
1T iotped TIC moysment M % Are Farmer: r. Little q
60 o. NeH losx. Phelns Daiton q 70: OF 6as- ~,
ss1o: I but. With ,hs exception oi tho last
1amSd concern: they wore al . parties 70 I,' snS
9ngtnn sgrSemSnt ana thelr siRhstures Will
FL an G Segregation i So e q Ssc capitalized a
yloWGUUV.o o! Wnisn siV.oVvvUV Is pTS0oeIfS1 pS0oenI nSa
stoe1 osasnS s;. nsf eenf @ @ intssss! Sno4 Sn4
;9h %n ena .rsst r%d nn,e eephs bs
E .Ss + ,Ss
Sitfsry yslasiioa ,re.chsd. y assuming ths.
the AVERAGE annual 2, profit OF the past five years
[SpteSents 40 Pc cont. OF the inVestmehs.
Sssn and tne remaining one.tn.Ed IN ponds
ss Ssnds Ss u IL hs
working capital II desired. AZ 9 matter Of
fest ths cash payment Of e40OO.0OO will prob
soiy LSpleoent toe nero-p pan cesn yalue oI tne
z Ih.oPeIy; % may tne io4ndSrs really seil opt
!aSn prooetty i9S ltS 6ui value ~ csen sno ~
sollucn Sot SSOOV.OOOo PSr cen6 D0nns, ana
z mrthsr BONUS get thS S5.oOS.OoO 81 pre-.
49, stook. Ene oaptslsts Wno enVHncSS 1NS ncS
~ @oney loE nosHnG ms 0eal Xes Hio'vvV,ovIE0 ~
~ oenS. !or MniGn tney oSC oc64SY nnnY pay ~ y
p ~ on tho Uoi!nii;;, 1n!s ss;Voov ID msos
IL nnsn"isI .nb.ms bnn sScntsi Scnt.msi.t.s An I'm.
saASts soGpSuon q oisS0uHts 10 10 per ccnt..
S@cH MouiG T, nsn a9Sp!S enc aa1os, ~ ,ns aSs
us v.n,nEs nt N ao1.I9n rs pI0pTSeo 20 c!osS
ioast onS.h 4. snS 901nddrtSSs tS now III
s!v sS!stSslon. 81 ~ wHSn IL e LII LII SOW
~ Ssst IN Operating % e1psnsss viii Be made. The
e.Sssns ~ nSt M earn.nes re s1mcient to 2sy Pc
~ 0n tao p!S!oti.Go stSSA sn4 Uonus' Wnl!e
ssa tSs immsnsa sax,nS % tbronrh IH% dscreass3 psS3
spsrstnG sS. exSenses should Pay very hand
John Marder H Of III &srder. Iuse Co. Chicago.
sopmin %1eG tnH "a aovs tHh inc
Ssnhi. III nrnh: hs PrssiSont ~ q IL nn
sempans but poii' it Is quite m possible that lat hat hat
iii Rssie9a s ains1 %saaseI sea M 9o jordan %
WI va - NE .ne EssteIn e.. mainaSer: -, ~, ...
hsv0 tcr~s pat nsns,inn @ ot snS Eonntr
~, 'o.mcd =. an coIpofauon WIZ mtiiiGn anu
= tna Nstnnais st at9 rosu GSpso'' II 20 xnown
don IA foEmsd Ia vsas ScpS;.a-
sasat IaiSn tsr%inated T on Saturday last With tho
cnxstf csot,Gn q officers and directors The cor
SS, x, .rid f9s long time past OYER, production
Iin!siien. q and Il. @ ecrperaiion xss % orssplsed