Omaha daily bee., 1899-03-24
PROGRESS OF TRUST FORMING
Western and southern Rolling Mills
TO Combine Against the Enst-
ern Concerns.

CLEVELAND March 2S-The Iron Trade
Review says: The movement to CONSOLE
date western and southern rolling mills has
made headway in the last week and nearly
all the necessary options have been secured.
Less outside money will be invested. pro-
portionately, than in other recent iron and
steel combines The promoters announce
that organization will probably be effected
within the next two weeks. The capital
proposed is $4,000, 900. and thirty-siX west
ern mills. large and small, fit and unfit. are
included in the plan. Chicago and Cleve-
land are both discussed as probable head
quarters,
CHICAGO, March GA local financial
bureau today says that the baking powder
trust has been completed and that the SEQ
600 900 capital stock was subscribed twice
over.
1t was announced today by w. T Blaine,
president OF the Victor Telephone Manutac-
turing company, who is the chief pr, moter
OF the new telephone combination which is
to become the opponent Of the Bell com
pany, that the new company controls twenty
independent telephone manufacturing com-
panies and that the union OF the various in.
teress was practically complete The new
company was organized for the purpose Of
supplying telephone apparatus doing con-
struction work and entering the various
branches of the service.
TRENTON, N. j., March 23-Articles OF
incorporation were filed today with the
secretary of state of the New England Eec-
trio Vehicle and Transportation company,
with a capital Of S2b 600, 600. The company
is authorized TO manufacture appliances for
operating vehicles and to manufacture and
operate vehicles themselves.
PITTSBURG, March 2S.-Flint glass bottle
70 of ha ITNf4 nl 4afn tft,s-
in concert, have Withdrawn all price quota
tions preparatory to putting into effect the
new advanced price list which is to he de-
ciied upon by the trust 1t is estimated that
the new prices win be at least 10 per cent
! higher than those now in force and that the
present rather complicated classification will
be much simplified.
WORTHWHILE, Mich, March 2S-The
Globe Furniture company OF Worthwhile has
sold its plant and business to the American
School Furniture company OF New York, a
recently organized corporation with a capital
of 10000 900. Sixteen other concerns manu-
featuring the same line OF goods are also
members. The Globe company is the Oldest
firm Of the kind in the United States 1t is
said the change in ownership will not affect
the local management
= DENVER, Colo. March 23.-Simon Gug-
genheim, president of the Philadelphia
Smelling and Refining company, who has
just returned from an extended trip to the
Orient, when asked today about the rumol
that the companies controlled by NJ Gug-
genheim Sons are to enter the newly formed
trust positively denied any intention OF
the part of the firm. to take such action
He asserted that the s11 900 900 of stock
which the trust is reported to have set aside
for the purchase of the Guggenheim plants
would not begin to pay for them. Mr. Gug-
genheim stated that when the Smelter trust
was first projected his firm was invited tc
participate, but declined to entertain any
proposition of the kind