New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-05-09
GAS MEN TO CONFER SOON.
A NEW DEVICE THAT MAY KEEP PhiCb
DOWN PERMANENTLY.
COMPANY INCORPORATED TO MAKE a
BURNER THAT WILL ECoNoMIzE GAS
CONSUMPTION AND PREVENT
CONSOLIDATION FROM
RAISING RATES.

RAISING RATES
rhere was practically no change In the gas
s,tuation Yesterday. but It was stated that
conference of the men who are the prominent
factors in the war will take place either to-cay
or Tomorrow for the purpose of endeaVorins 10
reach some kind Of a settlement. IL Is not
known definitely whether the Standard Gas
Company will join in the conference. husse'i
Sage said yesterday that he had not MADE any
overtures for the sale of his Standard STOCK 10
the Consolidated company, but II Is Geheraly
believed that the outcome Of the hostilities VIII
almost certainly be the sale OF the Standard 10
its rivals.
A PROMISING NEW DEVICE
A new element was introduced into the situa-
ton yesterday which prominent stockholders IN
the different gas companies think may nave 'he
effect Of permanently keeping down the price
Of gas even II an amalgamation OF the CON-
papies should be decided upon. This result Is 10
be accomplished. 1t IL asserted by the use Oh
new burner which is to make 6J-cent gas as
profitable to the companies as under the old
81 10 rate. The burner is a European invention.
and is largely used in London and on the Con-
tnent The device, by an ingenious nethod.
mixes the gas with a current Of air before burn
ing thereby .insuring thorough combustion OF
the gas and greater efficiency In illumination.
1t is maintained that the invention burning two
feet Of gas an hour, produces light of from
fifty to sixty candle power, and a flame that will
not blow out
Paul Fuller Of the firm of Coudert Brothers,
counsel for the new company, informed Trib
une reporter that the papers for incorporation
of the concern were sent to Trenton yesterday,
but until they had been actually filed he said
he could give out no information as to the names
of the behind the company. 1t Is known.
however. that some Of the companies are in
terested In the burner, circumstance tnat
may prove an important factor In bringing about
consolidation The capital of the new company
has been fixed at $12,OOO,OoO.
WOULD ECONOMIzE GAS.
Mr.. Fuller said that the burner would econo-
mize gas. and consequently might make perma-
nent the maintenance Of the present rates Mr..
Fuller added that no one gas company would
control the new burner.
Frank S. Hastings, a director OF the New
Amsterdam company. is also Of the opinion that
the use Of the burner will mean continuance
of the present cheap rates The new cor
poration," Mr.. Hastings said yesterday, VIII
not manufacture gas but devote itself en-
trely to making the burners. The invention
has been tested by the companies In TINS CITY
and they are all convinced of It's merits. The
burner is long cylinder OF brass and copper
parts placed alternately 1t Is about SIX lnches
moving one part it may be used for heating.
1t is said to burn only two cubic rect OF gas
per hour to the five feet consumed by the orui-
nary burner and yet produces name Oh IoIy
six cande-power light, while the other produces
only twenty-seven candle-power. mat means
that to get the same light as now the 81 gas
bill at the 50-cent rate. as at present exist
ing. would be only SO cents at 90
cent rate. It Is likely that such VIII be me
rate The reason that the burner VIII enape
the companies to do this Is that IL makes oIu l
fIall
That is the secret Of It's economy ana It's sue
cess While the companies would lose at nrst'
that is. until everybody was suppneu m1th tbe
burners they would make money uhuer tne
new rate as soon as they could dispense WIN
the making OF the costier illuminating gas oi
the present. .,.,n .,o.oua,t.
"The experience Of the Standard Gas Compal!
during the last few years as result OF enter
ing into an agreement with the Consonuateu
Gas Company for the maintenance OF prices has
been unfortunate. The promises or the con
solidated company have not been Kept ana the
net result to date, as far as the STANDARD com
nanv Is concerned. has been a considerable loss.
In the future the Standard company Wit extend
and develop its own business. selling gas al
popular prices and without reference to what It's
competitors may do | have not orered my
Standard stock for sale. and have no intention
of doing So"
The secretary OF the Consolidated company
denied that his company had met the cut OF
the New-Ams:erdam company He declared
that their price still 60 cents, and that
It would remain at that figure.
Anthony ~ Brady Of the NewAmsterdam
company and one Of the prime movers in the
war declined 10 discuss the matter yesterday.
director OF the company made a statement
in which he said that the New Amsterdam
company held the key TO the situation, and
that there signs that the war would
soon terminate.
In Wall Street It is believed that the Standard
company will eventually be absorbed by outside
interests who have practically agreed to pay
Russell Sage within fraction of the price he
demands for his stock.