Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1899-03-22
comes another big combine Of decided
interest here:

SVA@ASS eSAA0SnSA DAS SS@-SSAAAS - ~~S~>-~r~
interest here:
THE TIN PLATE TRUST.
Passing from steel to tin plate. the
biggest combination in the tin plate
industry takes in about IS percent OF
the tin plate mills in the United States,
consolidated in the American Tin Plate
Company, which was incorporated in
New Jersey on December Is. 1898. 1t
began, business with 100000 cash.
It's capital stock is S20,000,000 z per
cent cumulative preferred, and 100000
900 common. At the beginning of Feb
ruary SIS, 900, 900 of the preferred shares
and s2S, 200, 900 of the common were adj
mitted to the unlisted department of
the Stock Exchange. The combined
mills have a capacity of nearly S,OOo,-
coo 100-pound boxes of tin annually.
The net profits of the companies united
in the American Company were in 1898,
it was announced, about 100000. The
objects of the new corporation are linn
tied to the manufacture of tin, terne,
black plates, steel sheets and like metal
products. The mills acquired are the
American Tin Plate Company's mills
at Ellwood, H., 600, and Montpelier,
Ind. (6); Atlanta Steel and Tin Plate
Company, Atlanta, Ind. co.; Baltimore
Tin Plate Company, Lisbon, 0. CO.; the
plant and machinery for tho manufac-
ture of tin plate of the Aetna-Standard
Iron and Steel Company, Of Bridgeport,
Conn, which operated eight mills;
Britton Rolling Mill Company, Cleve-
land, go; Cincinnati Rolling Mill and
Tin Plate Company, Cincinnati, a.;
Crescent Sheet and Tin Plate Company,
(6); Cumberland, Md, Steel and Tin
Plate Company, 90; Ellwood Tin Plate
Company, Ellwood City, Pa, 90; Fall
con Tin Plate and Sheet Company,
Niles, O., CO., Great Western Tin Plate
Works, Joliet. ILL.,, a.; Humbert Tin
Plate Company, Connellsville, Pa, 60;
Irondale Steel and Iron Company, Mid
dletown, Ind, (6); Johnstown Tin Plate
Company, Johnstown, Pa, a.; LaBelle
Iron Works, Wheeling, w. Va, 90;
Laughlin Nail Company, Martins
Ferry, O., 90; Marshall Brothers &
Co., Philadelphia, CO., Monongahela
Tin Plate Company, Pittsburg, QD;
Norwood Company, Gas City, Ind,
49, Morton Tin Plate Company, Cam
bridge, O., (5); National Tin Plate
Company, Anderson, Ind, (6), and
Monessen, Pa, QD; Neshannock Sheet
and Tin Plate Company, New Castle,
Pa, (6); New Castle Steel and Tin
Plate Company, New Castle, (20);
Beaver Tin Plate Company Lisbon, O.;
Blairsville Rolling Mill and Tin Plate
Company, Blairsville, Pa; Hamilton &
Co., West Newton, Pa; Ohio River
Sheet and Tin Plate Company, Reming
ton, Pa, (2); Pennsylvania Tin Plate
Company, New Kensington. Pa, 90:
Reeves Iron Company, Canal Dover, O.,
"a; Shenango Valley Steel Company,
New Castle, Pa, 800; Somers Broth
ers, Brooklyn, go; Star Tin Plate
Company, Pittsburg, (S); Stickney Iron
and Tin Plate Manufacturing Company,
Demmler, Pa, (S); Wallace, Banfield
& Co., Irondale, O., a. and the Wash
ington Steel and Tin Plate Mills, Wash
ington. Pa, q Mills.
"One estimate q the company's earn
ing capacity, which was said to be a
conservative one, that was put forward
toward the end Of last year and based
on the business of 1898, quoted tha
gross output of the mills comprised in
the company at 7633,556 boxes, and fig
uring the profit at 35 cents box, on a
basis of then present operating ex-
penses found a total profit of $751;
754 for the trust. To this was added
100000, the amount of the expected
reduction in operating expenses under
the new arrangement Seven per cent
dividends on the preferred stock would
require S1,260,000 leaving a balance Of
surplus earnings for dividends on the
common stock of S2,441,754. 1t was the
expectation of the company to pay the
first dividend on the preferred shares
next month 1t was recently announced
that the American Tin Plate Company
had determined to increase the wages
of employees from to 10 per cent. The
company's officers are President, D. G.
Reid; Vice Presidents, William B.
Leeds, William T. Graham and Warner
Arms; Treasurer, Frederick S. Wheel
er; Secretary, w. F. Dutton.
Controlled by the same interests as
tho An,nrican Tin Plata CnnnanI ic the