The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1891-12-20
AN IMPORTANT DEAL
All the Utah Flour Mills
Bought Up.
ENGLISH SYNDICATE BEHIND 1T
Mr.. Bruback Carries the Scheme Through
The Capacity of the Mills
To be Doubled.

AS has already been intimated in TIA
HERALD would be the case, an English
syndicate, represented IL Utah by TheO-
dore BruDack, OF Sanpete Valley railroad
fame, has purchased every Touring mill of
any importance in the territory.
1t Will be remembered by THE HERALD
readers that some time ago q call was
issued TO all those interested in the milling
industry IN Utah to meet in this city and
consider matters Of vast Importance TO the
manufacturers of -four. The matters con-
sidered and decision reached at that meet
ing remained profound secret until
within the last two weeks, when the par
tial facts in the case were made known.
The attendance at the miilers' convention
was large q representative of nearly every
mill in U tab being present, and it was de-
CIded TO accept the proposition made by
a syndicate of English capitalists to pur-
chase all Touring mills in Utah, with the
possible exception of some smaller ones,
which they evidently considered were of
such little moment that a good game of
freeze out, scientifically played, would set
tie them for keeps. 1t was agreed that
B. X. ToWndrOW, of Salt Lake city
Joseph Clark, of Ogden, and Mr.
Bruback should constitute a board of
appraisers, whose duty it should be to
place fair cash valuation upon the various
properties, the appralsement to be final and
.
board was at Nephi looking over the
seventy-five barrel roller mill of Hyde 80
Jansen's last week during a visit to that
place by HERALD travelling correspon-
dent. The actions of the gentlemen are as
/ quiet as possible, and will so continue IN
/ Til the adjus tments are all made and the
! final contracts signed.
/ IL is stated that the sum to be paid will
amount in the aggregate TO over 81, 900, 600.
/ Among the large mills in the compact being
I the Thatcher rollers at Logan, Ogden's
two mills, the Salt Lake Mill and Elevator
( company, Elias Morris, the Provo mills,
and the Hyde & Jensen's, at Nephi. In ad-
dition to these there are several properties
that will undoubtedly join, but are at
present undecided.
1t is understood the syndicate will double
the capacity of all mills under its control
and build elevators in each of the grain
producing districts of the territory, ex-
pending in the improvements over
/ s., 100000. The idea will be to concentrate
the mills in such places as produce the
most grain III order to handle the yield
to mill all the wheat raised in
Utah. Heretofore the territory has
been an exporter of wheat to the amount
of nearly two million bushels, and this
vast product the syndicate proposes to mill
right here in Utah, thus monOpolizing the
flour trade of the west, and giving more
work to Utah workmen. The millers of
Colorado have been grinding Utah wheat
for years, but they will now take back
seat The owners of all the Touring mill
properties in the Centennial State formed
a trust among themselves several years
ago, and, it is stated, withstood all offers
made by the Englishmeu who have so sue
cessfully gobbled up Utah's mills.
Whether the compact will have the eff.
feet of raising the price of breadstuffs, re-
mains to be seen, but it is hardly probable
as, in these days of cheap transportation
it would be an easy matter to import -four
from the east and west. and in this manner
destroy the evil effects of that most a0om.
Unable of institutions-toD Democrats at least
trusts.
The syndicate will incorporate in London
! early in the coming year with capital
stock OF 81 000, 900, and begin full opera
tions in Utah More facts regarding the
! gseat combine may be learned during tbs
coming week, upon the return to Salt Lake
city Of the board of appraisers.