New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-08-18
COTTON MILL TRC ST.
EFFORTS BEING MADE TO CONSOLIDATE
FALL RIVER PROPERTlES-OCT-
LOOK UNCERTAIN.


Fall River Mass Aug. II CSpeciaD.-The deal
10 combine the print cloth mills OF this city
concerning which rumor and report have been
busy for several months, may soon become
fact The treasurers OF thirty corporations Of
the city. with a combined capital OF Sls l'"'"p'
have received letters asking for options on the
stock Of their mills at fixed prices to hold good
until December l. The body OF the circular let
ter reads as follows
Financial houses OF unquestioned standing rep
resented by us have had the situation OF 'he
cotton industry OF Fall River brought TO their
notice and. believing that the interests OF the
various manufacturing corporations or "hlrn
YOU are one will be best served by being united
have given for some time past the attainment OF
this object their careful attention. The values
OF the various properties have been fully CON
sidered. and are now prepared 10 make Ine
following proposition 10 your company. Inc
whole Of your companys stock AT present out
standing to be purchased for cash al =
share To effect this purchase. an option IN
Il RIM similar 10 the lnclosed and the controlling
interest in the stock extending 10 Deccmp"r l.
1899 10 be given to us NJ the earliest posSloie
moment VIII You kindly give your Stockholm
ers opportunity OF considering this matter hoIi-
fving us OF their wishes and obge? our UT.
= can be communicated with either NJ the
Quequrehan Club. Fall River. or the Hotei iou-
raine. Boston. should you desire 20 90 30.
The mills TO which offers have been mace are;
American Linen Arkwright, Barnard. Border
city Chace Cornell. Conanicut DaVol. Dur
fee FAN River Mandatory. Flint. Granite.
K,nr Pbfip Laurel Lake. Merchants, Mechan-
ic.' Metacomet Narragansett, Osborn. focasset'
Richard Borden. Sycamore. Seaconnet. shove.
Stafford Tecumseh Troy. Union "ampahoas
and Weetamoe
THE only fine goods mill in the above II the
King Philip II IL understood that the managers
81 the Hargraves and Parker were approached.
but announced that II they sold out they "ould
build similar plants in other states.
They are already constructing mill In the
town OF Warren r. l. The Iron Works Corpora
ton is not included. but this IL private con
Germ operated by NJ G. p. Borden printer.
The Bourne is under independent management
and II said 10 have named hgure entirely 100
high. This may he due 10 the iact mat the
Bourne owners do not care TO sell at any rate.
THE JUMP IN PRICES
The conditions OF the transfer and prices for
the stock Of the various mills are attached 10
the letters sent to the corporations The Jump in
prices is not as great as expected In some quar-
ters. II ranges from So to SPA share. and
feature Of the offers is that mills that have not
made cent in long time get more bonus than
dividend payers some Of which did as well as
per cent in the last year. The explanation or
this IL that the figuring has been based upon Inc
earning capacity OF the various mills Tor tn"
purposes Of the combine. No one seems able TO
state lust who is behind the movement. but II
is generally believed that the Braytons are tied
UP in 1t to great extent II is noticeable that
their mills are drawing the best hgures The
Brayton interests. It IL asserted. are powerful,
and, combined with few others. they could
push to completion such a scheme
Treasurers and directors approached to-day
would have little to say They will oppose the
deal and will be backed by agents OF the com
panies and middlemen. They realize that one OF
the first acts will he to bring all business into
a central Office. This means, II Is said. that the
high salaried treasurers and agents. who have
had a good thing for years. must get out The
removal OF the majority of them Will reduce
expenses in no small degree. Then there are
many stockholders. large and small, to be heard
from and the force arrayed against the com
line will be strong.
II will represent many interests. and In the
ranks wh be those TO whom the future OF the
industry In Fall River is Of vital Importance.
Still II looks II the deal will go through. II
will be worked carefully and without undue
haste and II will not be surprising 10 find in the
end that the leaders In the movement are local
men, who will get a nice slice of all profits, just
as those who worked the yarn mill combination
did. II was reported late to-day that in addition
TO local opposition the promoters will have to
face another obstacle In the form OF another
trust scheme. II Is said that a New York cap
italist was here until evening in the interest Of
New Workers.. who are trying to combine mills
all over the country. They. too. may have a
good offer to make. and n they have. the stock
holders will lay back and await developments.