New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1897-02-18
BISCUIT COMPANIES AT WAR.

s1.AsHrNG CUTS IN PRICES BY THE NETWORK
AND AMERICAN CONCERNS.
Chicago Feb 1.-THE Times Herald this morn
ing published the following:
"A big trade war between the New-York Biscuit
and American Biscuit companies will begin this
morning. Late yesterday the New-York decided
upon a sweeping reduction, averaging % per cent
in the price OF all the goods sold by IT, and It's cut
rates will be circulated this morning. They take
effect from one end OF the country TO the other IL
Is the biggest cut in the price OF crackers and cakes
that ever has been made. and the corporation
which went through such speculative reaction
last summer has now donned Its fighting clothes
and with its rich hackers is determined to see the
war in the biscuit business to an end.
The New-York has a capital stock OF 100000
and twenty bakeries from which it issues score
or more Of different kinds Of crackers and cakes
under the general designation Of biscuits. 1t has
IN this city the largest and best-equipped bakery In
the West IT is from this centre that the fight VIII
be directed. All the other bakeries OF the COM
many are in the East. but its headquarters are here
in Chicago.
1.-The American has about forty bakeries, distrib-
uted pretty generally throughout the country. IL
has four or ave small ones in Chicago the head
quarters also OF that company. This corporation
has an authorized capital Of 100000 though the
amount issued is not furnished in its annual state
merits since IL Is close organization controhed al
most exclusively by the bakers whose pants dre 1T
tho combina Ion But their capital indicates some
thing Of the size and Importance OF the TWO con-
GERS which manufacture crackers and cakes Tor
dist a,,tion in every part of the United states
There is no reason to believe that the consumer
vbo NAYS ALI the way from 10 ~ cents pound lot
tho nroducts Of the companies, VIII reap any Denen
from tho conflict but IL will be good thing TOT he
traders Al the same time, II continued very long "
viii necessarily make large hole IN the prorts OF
~ mating companies since the reduction OF 81
ner cent in gross income will absorb he Dig end OF
he net revenue of any ordinary business
-" The ofHcals OF the American Biscuit Company
heid Conference this afternoon. and the result VIII
he in ali likelihood a cut below that OF the New
YORK COMPANY An officer OF the American Biscuit
comnany said 1T will be q long and Dltter war.
There was a report in speculative circles mere 70
dav that the hand Of the Goulds was pehnd the
war which was begun by the Eastern american
COMPANY The Moore Brothers. OF DIAMOND MaIcn
CONNECTION are heavy holders OF New fork blscut
stock and Edward Gould Is fighting the matcn
company. II Is said that this time Is consuereu
opportune for a finish fight against the w es'etn
biscuit makers with the object OF breakins tne
New-York company and dividing the pscul ous.
can and United States companies, instead or three
concerns as now done Bakers and brokers mere
noint 10 the fact that the cut price circulars get
on the Stock Exchange even before they reach tns
sellers of crackers This Is said TO be evidence OF
n stock manipulation scheme, and that the stocx
market In OF the vital points where the war II
10 be fought out. Another significant TACT II Una!
consumers deriving no benent from the cut
prices The retailers have received circulars WARM
tng them that goods will be taken from them III
they do any cutting.