New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1898-09-20
THE BIG ELECTRICAL DEAL.
A RUMOR THAT GENERAL hi-ho nv
TO RE TAKEN DIRECTLY lNIo me
NEW COMRINATION.

The new consolidation between the "eS"'.7
and Walker electric manufacturing compute
a fruitful topic Cor discussion yestefda! I'll
circles No Official terms Of agreement nave ~
been given out. nor are any likely 10 pc -
known. however that the Westinghouse 'onp"nS
has acquired the stocks anl bonds OF It's oid iINu
and as the stock of the former Is quo'eu po'"
the Boston and Pttsburg markets, caIViu' ""e, g.,
on quotations will give an Indication Oh INV mann
features OF the contract ,,,.,,c
The Genera Electric Company and the "es,',e
,orss conpany FOR some time have had "oi "'"s
v., -, a pool,nv basis as 10 the business
a.. Tho ,wo concerns have made use OF pa'e"''
IN common and have each licensed inc o'"
Sneculation WIS rife in wall street !e'',' -
IN the crfcc. the deal might nave ." -
two biz companies Some we're ncHneu ~ - -,
that u meant that the whole field OF eIec"'~"
roanufacture-barring the other smaller co"V'I"a -,
ooora,ion in different parts OF the countrN-Wou''
he divided between the General niecUlc '''"
westnehouse companies on mutuai u'''' ~, -,
ing as 10 PROFITS and business. othe's S'o"''y
sis.ed that /; looked a. IL the NesuHs"o"' -
many WAS ,,r pairing to compete for business SINS
handed and with no alliances Whatever !" -
eral the former proposition meets win '0''
favor The principal reason for th's o'n
found I'm the subject of litigation for Ee"iH NV
co,rts have been filed with infringement SUI
brought By the big companies. one against -"
other BY working In common the i'li"' an,
pe OF this ItiSdtOn coui- y, w
and the same diverted INTO 'he uN'U
OF the companies books uou,or
So far as can be learned the plants OF 'he "".l,
Company at Cleveland and N'"-Ii@'"' Tha
will continue their operation as IN ''e pos' IN
oar,na,,, has boen extremely successful OF Iale III
soa,,,,,g contracts for work, and has enousn ~
49,, {, husv for a long period. An o''''"
. ~ co,ccrn states that work TO the Vai W.
q, oft t0n &c NOW under process or coV
,So understand the field of eeStrlca fsnmnany
IL arc
M sded many large contracts whlCi ~
Westinghouse people were CouuinSi,g causes for
This was one OF the main dtttI we're con-
80 consolidation The negotiations "io,,es in
Acted il is said by George Westihsho"'' "
person. -. .Ao vorVork AIR Brake Com
norW was also in the deal gained glouiu 80 NJ
PsnS w caused phenomenal rise In the STOCK on Ui
that company Of thirteen points, ron ROMANCE there
Before the close Of business ON ' HoI Ngre al l6.
sbowine a MT gain Of about ten points nl1 Jersey
nanv Is incorpora ed under the a%s OF y " on the
MIL densrtment of the NewNorK Slooh In
oho3pe The works which are az Na w. ~ air
s. Y have capacy 81 oH dsbi is s5SoO and the
piah SSfSaa"j was on a per cent basis; u ne ~
York Office OF the company is at NO o, oInanv are
PROMINENT among n tnG Maeene John C. Thomp-
son q n CHATTER Crawford l.lVhsSI1tr,, pos.
Rogers Rowland Cox and l. r. Newro osteG in the
wei ~ III ~ was said in certain quarters that NJ,
Flower together with PreslIsm, n "crectinc the
Walker Company. was proia prom! ~ GOWN Yesterday
consomua' o;ber minors was one that brouGh, tme
Ceneral Electric Company directly mo on rod That
WestinGhouse comhination bed Witch Would bring
the General Electric company M rinc,ric II was
nsnv Al the offices of General EIert ia,, ton or
Impossible yesterday 10 eodinp officers all being
outO