New-York tribune., 1891-12-27
LARGE CORDAGE INTERESTS ACQUIRED.
THE JOHN GOOD WORKS SAID TO HAVE BEEN

THE JOHN GOOD WORKS SAID TO HAVE BEhN
RoIrrHT BY THE NATIONAL CORDAGE CO.
Tho National Cordage Company, VI No. 132 Front
II which was formed some time since by the comb
nation of such large concerns rs L. waterbury
Company, William Walls Sons the Tucker d carter
Cordage Company and the Elizabeth Cordage ooni-
many has further eN:ended its operations by securing
control of the extensive machinery and cOruase WORKS
of John God. The Good works are valued AT
a. 600 900 and consist of plant at Ravenswood,
uere the machinery Is manufactured for rope-mahing
and another in Washing On-ave.. Brooklyn, where rope
o the quantity Of 10000 pounds day Is nhulae'"eu'
The capacty OF the works Is among the greatest III Ic
country Mr. Good. or Sir JJhn Good rs be uaS nsH'
IN call himself IL lie peases 1or he HIS
bsen nichted BY the Pope in recognition oil his large
benefactions to the Catholic Church usuahS eihpo'
at these works about 300 men,
The National Cordage Company recently op'alheu
control NJ the cordage works OF John T. Bailey d Co.,
OF Philadelphia and similarly OF other large concerns
I'm Boston and New Bedford. With It's last aoaiuoh
II Is estimated that the National company Will no"
own or control fully 30 per cent OF the t"ihe anu
cordage manufacture in the United states Inc OILY
large codage establishments not under Its innuehcc
are Edwin H. Filler & Co., OF Philadelphia; the
Plymouth Coldage Company Of Boston, and HooVeh
& Allison OF Xenla Ohio. Large dealers In this city
mid Yesterday that rs result the prices OF the better
qualities OF rope had advanced 10 per cent ana 'hat
a further general advance was looked fOf
To control the trade the purchase OF the dood piai'
became essential because the ownership OF the most
valuable patents on rope-making machinery have been
vested in him. This fact largely enhanced the value
OF his interests.
At the Office OF the National Company, IN Front-st,
representative of President james NJ Waterbury denied
Yesterday that the purchase Of the Good interest had
een actualv consummated but he admitted that nego-
ations 10 that end had been going on for some time
and were virtually arranged. II was not denied that
ANYTHING except technical details remained TO be set
tied
1t would be unfair TO Mr.. Good" II was explained,
= to state Just what the nature Of the negotia-
tons Is We a'e not private concern, but cor
marathon whose officers are controlled By a board
of directors and such great matter "a securing the
Good plants and Interests requcs the assent oil the
board , - =,
This was understood TO mean that the nnal approval
nj The governing body all that was necessary 10
complete the transfer The further denial was made
that there was any intent 10 monopoly OF the
trade The purpose, il alleged. w'i> Tie proper
one Of extending the company business. Inc qulck
response OF the market 10 the deal In the advance OF
pifces in codage and twine was explained a. having
h. origin first iu an advance in the pIice D hemp.
and second in the demand being greater than the
present supply, the latter having been lesened by the
closing down of several manufactures NeNerfhricss,
the power OF the company over prices through
lis ability To shut down the large factories at VIII
under It's control was regarded by dealers generally as
certain 10 give upward tendency 10 rope rates III
all the centres or trade.