The evening times. [volume] (Washington, D.C.) 1895-1902, 1900-11-22
DzVoUREB BY THE TRUST.
Industries Falling Into the TinpIate
Combines Crash.

Industries Falling Into the TinpIate
Combines Grasp.
BALTIMORE, Nd. Nov. 22.-considera-
bic interest was manifested among can
manufacturers yesterday by the announce
ment that the scheme to consolidate the
various can factories had been revived. a
/ number of manufacturers said that they
could net tell whether they would go into
the combination or not, and intimated that
they may not have any other choice, OK
ing to the fact that the American Tinplate
Company controls the source of their raw
material.
At the office of H. T. Miller {: Son Mr..
Miller said: We have refused hat-footed
TO go into the Tin Can Trust and IL it IS
possible to stay out We shall do SO. The
shances for successfully making tinplate
INDEPENDENT of the trust are very doubtful.
The American TinpIate Company has its
plants located near the natural gas and
coal supplies and makes savings that
would be impossible for a plant in BaIti-
more. It also controls the patents for the
machinery used in the manufacture of
tinPlates and there would have TO be some
radical new invention to enable factory
to compete with it. Several attempts have
been made in Baltimore to operate tin
plate plants, but they have not lasted very
long
3IT. Miller also said that he had been
told that the promoters of the new tin can
combination had secured options on prae-
ticaIly all Of the factories in the country.
At the factory of Miller & Son the product
is chiefly f a fancy nature, such as Htho-
" grL< Wal am
other specialties. No fruit cans are made
for the trade
Ex-Judge Moore Of Chicago, who is
handling the negotiations, is known to
Baltimoreans through his work in forming
the National Biscuit Company, which alb
sorbed leading Baltimore bakeries. He is
known as a skiIlfuI organizer and is said
to receive a salary o. S90, coo a year. In
carrying on the negotiations & is said that
Edward NoTten, of Ct.icago, is one of the
leading agents of eS-5udge Moore Mr.
Norton has large interests in Baltimore
through his connection with the Norton
TL50Iate ard Can Company. Baltimore
manufacturers are awaiting with consid-
erabie interest the next move of the pro-
moters.
1t is said that the scheme to form
Tin Can Trust is preliminary to the con-
solidati0n OF all the combinations in the
zation Of the Tin Can Trust at 500. Co.,
zee. fnis would mean a combination with
an aggregate OF S214 Gee 900 of securities.
Tnis would be over twice the capitaiiza-
ton OF the Standard Oil Company.
feature OF the proposed tin can combine
is said to be that instead OF financing
IL by the usual means OF an underwriting
syndicate the new concern will be
financed through the Sour steel corsoii-
dations now in the Moore group" This
impression has gained strength owing to
the fact that the Moore companies are
said 10 lie making large profits IS rule,
bun aaIe paid no dividends en- their COM
u-en stocks. This is accepted as meaning
Q CnIcy TO accumulate funds fer the new
----zE-si5er Of this family OF trusts. The
Ar1crieal Tinplate Company was the dIst
Ct re group and was formed in 1898
Egish a capital of $40. Gee. 000
1t was quickly recognized that 1t was
necessary 10 have as an ally large pro-
Queer CT raw material, and this Was sup
piled by the organization in February,
1889. CT the National STEEL Company, with
caIitaI OF SIS. Geo, coo. and embracing
consolidation or producers CT ccka, sheet
bars. tinplate bars, biIIets. and kindred
articles
In April of the same year came the
American Steel Hoop Company, with
S33, GEO capital and took in a number
u BiOuuC6IS UA pig tECE IN ADDITION 10
manufacturers Of steel in various forms
It's annual capacity is about 1850. coo
tons, of which . per cent is pig ir-n and
% per cent finished material.
The Independent sheet mills were rec
ogniZed next as a menace to the group.
as with a few months work they could
be altered so as to roll black plates salt
able for tinpIates and with the adj ion
Of the simple process Of timing would
become competitors CT the American Tin
plate Company But the trust makers
had just gotten warmed up and 4 little
matter of forming a new combination did
not disturb them so the American Sheet
Steel Company appeared On the scene n
the spring CT 1900 with a capital OF So
Ge6,oo0- SharPened by practice the vision
OF the msgnates soon saw new cloud in
the possibility of the tin can nanufae-
tuners becoming so UnruIy as TO b1fId
their own tinplale mills, AID the latest
absorption was psf under way to absorb
them.