The free lance. (Fredericksburg, Va.) 1885-1926, 1899-05-27
Twenty'Three Large Fertilizer Com
panies Form Many Million Combine.
The Baltimore Sun says


psnies Form Many Million Combine.
The Baltimore Sun says:
The consolidation of twenty. three
leading fertilizer companies Of the
/ country including six we'll known Bal
timore firms, has been completed.
The new company will be known as
the American Agricultural Chemical
Company, having a special charter
under tie laws Of Connecticut. 1t has
an authorized capital stock Of $40, 000.-
600, divided into $50. 600, OO06 per cent.
cumulative preferred stock and $50 600,
600 common stock, of which $l7 900, 600
Of each will be issued at this time. The
stock has been underwritten, il is
stated. and will not be offered to the
public.
The Baltimore firms included are
Chemical Company of Canton Det-
rick Fertilizer and Chemical Company /;
Lazaretto Guano Company Maryland
Fertilizing and Manufacturing Com
pany Zell Guano Company Slingluff
& Co.
Other concerns included are
Alexandria Fertilizer and Chemical
Company, Alexandria. Va II. j.
Baker Il Bro, Brooklyn, n. Y. Brad
ley Fertilizer Company. Boston, Mass,
and Los Angeles. Gal. The Cleveland
Dryer Company Cleveland, Ohio Cum
berland Bone Phosphate Company.
Boothbay Harbor. Maine; Croker Fer
tilizer Company, Buffalo, New York !;
Jarecki Chemical Company. Sandusky.
| Ohio; Liebig Manufacturing Company,
Cateret, n j. and Wilmington, Del. !;
Listers Agricultural Chemical Works,
Newark. New Jersey Michigan Carbon
Works, Detroit, Mich. ; Nilsson Rem
dering and Fertilizer Company, Buffalo,
New York; Northwestern Fertilizer
Company. Chicago, ILL.,. Preston Fer
tilizer Company, Brooklyn. New York /;
The Quinnipiac Company, Boston,
Mass. Read Fertilizer Company.
Brooklyn, New York; Tygert-Allen
Fertilizer Company Philadelphia, Penn
sylvania; Williams q Clark Fertilizer
Company, Cateret, New Jersey
Several Of the companies are large
producers of boneblack, ivory black gel
| atine. glue. commercial acids, prepare
tions of ammonia, potash and soda,
grease and animal oils. The land and
plants involved have been examined
and the accounts of the companies
audited by experts. The audits show
that the annual profits Of five years
have averaged 81, 4l9. $40 80. The total
net assets Of the subordinate companies
are sl3. l64, 2S755.
1t is expected to use about gil. 500, 600
Of the preferred stock to acquire the
various properties, and s., 800. 900 to
provide working capital and to
liquidate existing Indebtedness Of any
of the constituent concerns. After all
Indebtedness has been met, the new
company will have tangible assets,
without including the brands. trade
marks. patents, secret processes and
good will acquired, Of about slS ,G64,-
2S7. 90. OF this amount. the accounts,
bills receivable and merchandise will
aggregate 81. 600. 900. and the cash in
the treasures Of the parent or consti-
tuent companies 81 800, 900.
The officers of the new combination
have been selected and will be formally
elected in a few days. John +. Glib
bons, vice president of the Liebig Man
ufacturing Co., of New York, will be
president; Robert S Bradley, president
OF the Bradley Fertilizer Company, Of
Boston, and of the Williams e. CLARK
Fertilizer Co., of New York, and Will
liam H Grafin, president Of the Laza-
retto Guano Co.. of Baltimore. will be
vice presidents. Mr. Graffin will be
the general manager for the Southern
concerns involved. The new company
proposes to maintain as far as possible
the identity of the various plants, in
order to avail itself of the skill and ex
perience of the managers. and to pre-
serve the trade marks.