The farmer and mechanic. [volume] (Raleigh, N.C.) 18??-19??, 1900-11-20

LIST OF The LARGE ONES
Among Them Are the Banning anu
Cape Fear Companies.
THE BeLNoNTS WILL FINANCE The DIAL
The Total Value of the Various Plants is About
S25, 900, 900. The Combination Will
Control the Mar et or Caro-
lima Pine.
(By the Associated Press.)

Baltimore. Nov. ia CON
solidation of lumber companies will prob
ably be announced within a week or ten
days. Fourteen companies at least are TO
be included in the combination, il the
plans do not miscarry, and several others,
making perhaps a total of twenty, are
expected to be added. A list of the cor
porations now interested in the nesotla-
tons and including the largest of them
is as follows:
Atlantic Coast Lumber company, Oh
Georgetown. s. c.
Banning Lumber Company, of Edenton,
n. c.
Camp Lumber Company, of Franklin,
Va.
Cape Fear Lumber Company, of Will
mington, N. c..
Cay Manufacturing Company, of Suffolk,
Va.
observation-disclosures Company. of Nor
folk, Va.
E.. E.. Jackson and Company, of Wash
ington, D.. c..
Roanoke railroad and Lumber Com
pany, Of Norfolk. Va.
Roper Lumber Company, of Norfolk, Va.
Suffolk Saw Mill Company, of Suffolk,
We.
Surry Lumber Company, of Baltimore,
Maryland.
Tunis Lumber Company, of Baltimore,
Maryland.
w. w. Tunis Brothers Lumber Com
pany, of Norfolk. Va.
Virginia Saw Mill Company, of Nor
folk, Va.
1t is said the deal is the result Of a
800 :. 49, IT, ,~;D, ~ tho
| election. Among those who participated
in this conference were August Belmont
of the New York banking firm; Charles
r.. Flint, DR.. Joseph O. White and Joseph
Auerbach, Of New York, and representa-
tives of nearly all the companies named
above.
After the conference the party proceed
ed to Norfolk and inspected the plants
of some OF the lumber companies. Con
ferences have since been held in New
York, and the negotiations have, it is
said, practically reached q successful ter
minatiOn.
1t is understood that all the capital
necessary TO secure the consolidation vii
be forthcoming and that the BclnOnts
will finance the deal, the total value OF
the various plants being about $25, 0c0, 900
Mr.. Auerbach is to attend to the lega
side of the proposition.
The combination to control the market
for Carolina pine is said to have beer
much demoralized by competition between
the numerous concerns in the trade. This
class of lumber figures extensively a:
building material, being used in ever,
way that lumber is necessary in the cree
ton Of all classes of structures. Accord
ing to a prominent lumber man. it is no
proposed to advance prices, but to mak'
money by ecOnomizing in the operatin.
expenses, and also not to increase the eX
port of lumber. Gossip about the dea
was requent in trade circles today Elk
Senator Tunis, of the Tunis Lumber Com
pany, which has its mills at Norfolk, re
turned from New York, but declined t
discuss details Of the combine. He ad
mitted, however, that negotiations are il
progress. Governor Smith, of this State
is heavily interested in the Surry Lum
Der Company. He is also interested i
the Surry, Sussex and Southampton Rail
road, which penetrates the timber land
Of the former company. 1t is a narrow
gauge line, twenty-eight miles in length
and would doubtless be included in til
deal.