St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1892-09-25
TRUST In TYPE.
All But Three Of the Large Type
Foundries in the Lately
Formed Combine.
Immediate Effect of the Combina-
ton Will Be to Put Prices
Higher.

NEW YORK. Sept. 24.-The Times
says: The American Type Founders
company, as the newly formed trust
which seeks to control the type-making
industry of the country calls itself. has
Issued a preliminary prospectus which
gives definite idea Of the magnitude
OF the deal. From this document ii APP
pears that the capitalization of the trust
has been fixed at $4,000, 900. represent
ing 10000 shares of preferred stock and
$4,000 shares of common stock. The
twenty-three houses in the trust repre-
sent, 1t is asserted, fully SIS per cent of
the entire business of the country.
These houses are:
Mackellar. Smiths & Jordan, Collins
E& McLeeSter and Petose IL Co., Phila-
delphia: James Connor's Sons, P. II.
Heinrich and A. w. Lindsay, New
York; Carr IL Co., Jonn Ryan 4 Co.. J.
q. Mengei IL Co. and Hooper, Wilson
d. Co.. Baltimore; Boston Type foundry
and Phelps, Dalton & Co., Boston: Ly-
man & Son, Buffalo; Allison & Smith
and Cincinnati Type foundry. Clncin-
natl: Cleveland Type foundry, Cleve-
land: Marder. Luse & Co. and Union
Type foundry. Chicago: Benton. Waldo
& Co., Milwaukee; Central Type foun-
dry and st. Louis Type foundry. st.
Louis: Kansas CITY Type foundry, Kan
sas City. and Palmer & Ray, San Fran
cisco.
The officers of the organization are:
President, Robert Allison, of Allison 81
Smith. Cincinnati: wee president. Will
lam b. Mackealer, of Mackellar, Smiths
d Jordan. Philadelphia: Eastern man
ager. G. Frederick Jordan. of Mackellar.
Smiths & Jordan. Philadelphia: West
ern manager. John Marder, of Marder.
Luse 4 Co., Chicago: secretary, A. L.
ID. Brewer, of Union Type foundry, Chi
cago: directors. Robert Allison, William
B. Mackellar, Frederick JORDAN. j. w.
Phinney. John Marder. Cortlandt Parker.
Only three large frms-Farmer, Lit
tie Il Co. and the Bruce Type foundry,
Of this city, and Barnhart Bros. x Spind-
Ter. of Chicago and st. Paul-remain
outside the combination: and. so far as
local houses are concerned, 1t is asserted
that they are practically in harmony
with the aims of the trust. although not
caring to identify themselves with 1t.
1t is generally conceded that the new
organization will practically control the
market. All the smaller trims will be
crowded out, and thus those will remain
outside the II uSt will not attempt any
serious competition.
The immediate effect of the combina-
ton. according to II. NJ. Hall. of the
Bruce Type foundry, will be to put an
END to the fierce competition which has
obtained in the business for the last ten
years. To begin with. the rate of dis
counts will be reduced materially. At
present many firms are giving as high
as 80 per cent. Prices, too, will come
up. Mr.. Hall holds that they should be
at least ID per cent higher. The general
impression in the trade is that the pres
ent prices are altogether too low, and
that the various houses outside the new
organization are prepared to accept con-
siderable increase in all prices with
pleasure. On this account. those firms
which refused to identify themselves
with the trust look upon it with favor.
and hold to the idea that it will have a
beneficial effect on the type founders
interests at large.