Wheeling Sunday register. [volume] (Wheeling, W. Va.) 1882-1934, 1899-05-07
THE GAS WAR IN NEW YORK |
The Rate Cutting Continues: But a
Combination Is In Prospect.

AA0 ndtt UuItlHg UUutluu6S: Dut
Combination Is In Prospect.
WHICH WILL RESULT IN A SET
ELEMENT. OF THE DIFFER
ENCES. AND THE BIRTH OF A
CONCERN THAT WILL RENDER
SUCH FIGHTS IMPOSSIBLE IN
THE FUTURE-UNITED LIGHT
AND POWER OMPANY
CHANGES HANDS-HAS 81, 000,-
900 CAPITAL. AND HAS WIRES
UNDER GROUND ALL OVER THE
CITY. a.
New York, May 6.Srhe phenomenal
rate cutting war between the gas COM
paries of Greater New York continues
with undated zeal as far as the price
OF the product is concerned, but to-day
new features were introduced which
forecast a settlement and the forma-
ton of powerful combination
1t was positively announced that
controlling interest in the United Elec-
trio Light and ,PeNes Company had
been acquired BY one ofsthe large gas
interests. presumably the Whitney
Brady-Ryan syndicate. This lent color
to the report that the gas war would
resolve itself into a battle royal be-
tween the electric light and gas COM
panies. An official of the United
Electric Light and Power Company
confirmed the report that the company
had changed hands. This company
succeeds the L. s. Illuminating Com
pany. Its wires run underground all
over the city and it has a capitalization
of $11 100000. The company was con-
trolled by the Westinghouse Electric
Company. George Westinghouse, Jr.,
is said to have consummated the deal
just before his departure for Europe
last Wednesday.
MIR. CARNEGIE'S STATEMENT.
London, May Elm response to an
inquiry from the correspondent of the
Associated Press regarding the report
ed transfer of his business interests
in the United States to a syndicate, Mr..
Andrew Carnegie has furnished the
following statement:
Mr.. Carnegie has given his young
partners the terms on which he would
be willing to sell and retire from busi-
ness He has no definite information
as yet whether they are going to buy or
not, but he thinks that they will"
THE PACIFIC BISCUIT co.
New York, May 6.-The companies
to be included in the Pacific Coast Bis
cut Company. recently ineoregyated
under the laws of New Jersey with a
capital of $4,000,000, are as follows:
American Biscuit Company, San Fran
cisco; Portland Cracker Company,
Portland, Ore; South California Crack
er Company, Los Angeles, Gala;
Washington Cracker Company, Port
land, Ore; Standard Biscuit Company,
San Francisco, Gala; Oregon Cracker
Company, Portland, Ore. Seattle
Cracker & CanAy Company, Seattle,
Wash. These companies control the
entire business of the Pacific coast in
the manufacture and supply of biscuits,
crackers and cakes. The capital of the
company consists of 100000 cumula-
tive preferred and $2,500,000 common
stock. There are also S1,500,000 sink
ing fund gold bonds to run for twenty
years at 6 per cent. OF the latter
S250,000 and like amount of the pre-
ferred stock will remain in the treas
ury for the protection of plants. etc. A
working agreement with the National
Biscuit Company, it is stated, has been
arranged whereby the new company
agrees not to operate east of the Rocky
mountains, and the National company
agrees not to operate west of the
Rockies. The company will start bus
mess with $780, 900 working capital.
THE GENERAL CARRIAGE co.
Trenton, n. j., May 6.-Articles of in
corporation of the General Carriage
Company, with an authorized capital of
$40 100000, were filed with the Secretary
of State to-day The company is form
ed to hire and traffic in cabs, carriages
and vehicles of all kinds. The incor-
porators are Peter H Evans, James N.
Clarke, Richard C. Ellis, Frederick
Genther and Robert j. MeKinstry, of
Camden.
The Universal Fuel Company, au-
thorized capital of S1,000,000, was also
incorporated to-day. The company is
formed to operate furnaces, ovens and
fuel distilling plants; also to purchase,
manufacture and deal in fuel of all
kinds
The incorporators are Charles A.
Brown, George l.. Tagg and Max. w. |
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