The Worcester spy. [volume] (Worcester, Mass.) 1898-1904, 1899-03-10
AMONG THE TRUSTS.

WiIkesbarre. Pa, March 9.-The
Temple Iro- Company, which has been
used to co1troI and consolidate the
Simpson & watkins collieries, has Sc
cured an option on the Newton Coal
Company mines in Pittston and vicini-
~. They are the Phoeniy, the Old
Forge, the Twin and the Eavine. all
working at present and all mines Of
the best class. The price is said TO be
100000 Their coal is shipped on the
Lehigh Valley, the Delaware, Lacka-
wanna and Western. and the Delaware
and Hudson, all the railroads being
connected with the mines. About %,
600 hands are employed by the com
pany 1t was at the TWIN shaft three
years ago that fifty-nine men were shut
in and never recovered.
New Haven, Conn. March 9.-WnIle
the plans of the Naugatuck Valley
brass combination, recently incorpora
ted with a capital of 2001),0 go are pref
ty we'll concealed, it is stated in bank
ing circles here that it will probably
issue no bonds. A stockhoicer in one
Of the factories in the combination says
that probably not only will no bonds
be issued, but all the stock will be TAX
en- by owners of the combination fac
tories, which have generally been pros
porous as individual concerns, though
InHy nave SuleTeu SOtHeWudL Dy CCIll-
petition with each other.
Augusta, Me, March 9.-It is un-
derstood that the judiciary committee
viii make an adverse report on the bill
to authorize the incorporation of the
$50 900, 900 ice trust, combining nearly
all the ice companies on the Kennebec
and Penobscot rivers, nearly all of
which are also New York concerns. The
chief argument in opposition to the bin
a. tie al 1I
make this state the storage place for
ice, the gathering and sale OF the prod
uct being regulated by harvest pros
poets on the Hudson and the amount
of business done by the New York
companies.
Trenton N. j., March 9.--Articles of
incorporation We're fled with the sec
rotary of state today of the Continental
Cement Company. with an authorized
capital of s10,0 900, Of which $4,000, 900
is preferred and will bear per
cent non-cumulative dividends The
company is empowered w manufacture
all kinds of cement.
Akron. o., March 9.-The men who
bought American Cereal Stock at fancy
prices with the expectation that Pro
moter Eddy's big 1913 000, 900 cereal trust
would be formed have rot abandoned
hope of the ultimate contamination of
the combine. Publicity and injunctions,
according to those interested, liz what
wrecked the project. The matter is to
lie dormant for awhile, when il will be
taken up by some promoter to be Sc
lected by the Stuart combine people
and the Cleveland-Akr syndicate.
Some Of the smaller concerns upon
which Eddy had options will be left
out, it is said, ara there will be less
water in the stock.
Norway, Ne, March "a deal
which. it is claimed, will practically
put the mica supply of the world into
the control of a syndicate, has been
disclosed to those interested in the in
dustry here by an offer to buy all the
mineral land in this section. The right
to mines in about $1,000 acres or this
country has been granted the papers
i'm the transaction covering all the
known places where it can be profltabiy
mined.
Chicago, March 9.--Plans for the for
nation of a mammoth soap trust We're
discussed at the meeting Of Chicago
soap manufacturers called for the pur-
pose of taking some action in regard
to the prices of soap, which, IT is
claimed, are ruinously low. tbs said
that prospects are good for a combina-
ton taking in every large soap manu-
facturer in the United States. A cap
italization of fully S75,000,0O0 will be
represented if this plan is carried out.
1t is now claimed that the program
for a consolidation of the big New En-
gland cotton mills cannot be carried
out for the reason that the mills which
it is proposed to combine will not agree
to the articles Of combination. and the
leading mill treasurers which it was
proposed to place at the head off the
company, refuse to consider the mat
ter