The Manning times. [volume] (Manning, Clarendon County, S.C.) 1884-current, 1901-06-19
nORE TRUSTS FORMING.
PloWs. shoVels, Matches and Pianos
the Latest to bs MERGED,


The formation Of great trusts pro-
ceeds apace, aud hardly a day passes
but what the announcement is made Of
combinations Of msnufa ,turer5 of srti-
eles Of absolute hunsn necessity. Pretty
much everything man eats or wears
or tools he uses in his trade, and even
the eofia he is buried in is subject so
far as price is concerned, to the regula.
tions Of trusts, and the end Of it all is not
Jet in sight. Among some Of the latest
trusts to be formed are the following:
An official of the Diamond Match
com pany says that consolidation of
the Eugiisa brar ch with the Bryant &
May company would be affected soon.
D. z. Barber, president Of the Diamond
Match company, and several managers
and q. H. Palmer are nov in England
closing the negotiations for the consoli-
dstion, a2d it is announced that Charles
Baird, its attorney will leave within ten
days on the same mission. The Bryant
& May company had complete mo-
nopoly Of the match business in Eng
land until the Diamond Match compa-
ny built its Liverpool factory few
years ago. Since then the two have d.
vided the business of the United king.
dom. The Diamond Match company Of
America owns 81 per cent. Of the
English corporation, so that the consoli-
dation will be Of great benefit to the
former company.
A combination Of the piano manu-
fa,,ucers, embracing the entire output
Of the country, is in process Of orgsni-
zation. Marc A. Blunenberg, editor
of the Musical Courier, Of New York, is
in the city promoting the scheme. He
says that the purpose Of the combine is
to reduce the selling expenses, which
are now SIS for every piano made. He
says that while the combination will cut
off a number OF hangers.on Of the trade,
it will materially benefit the Workmen
in the factories. Where some factories
shut down large part Of the year be-
cause Hack of capital to accumulate
stock, the combination arrangement
would furnish funds to keep them run
ming, thus bene6ting all concerned. he
will endea7or to interest Cincinnati
manufacturers in the scheme, and says
that nearly all Of the large factories
have the matter under consideration.
Negotiations whereby twenty o. more
Of the leading ploR manufacturing
firms Of the middle West will form
trust with a. capital Of about SIC, ,000,-
00O have been practically completed in
Chicago. The company will be 6nanc-
ed by The United States Mortgage com.
pany, of New York, which will obtain
the money from the Mutual Life and
the Equitable Life Insurance COM
panies. The headquarters will be in
Chicago.
Sixteen Of the largest manufactur.
ers of shovels in the United States are
forming the shovel trust Of which many
rumor5 have been circulated, and G. 9.
Loring, of Boston, who was one Of the
orgsnlzsrs American Steel Wire COM
pany, is engineering the deal for them.
The capital of the corporation will be
about slO,000,000, and a jersey
charter will be secured. The papers
hsye already been drawn up and all
the western Pennsylvsnia manufac-
Eurers have sgreed to join.
The Cleveland rivals Of the Standard
Oil company have given up the battle
against that concern and are combin-
ing TO sell out their interests to their
foe. The Standard Oil is to pay about
81, 600, 900 for the whole Of the proper
ties. There are three Of the concerns
Schofeld, Shurner & Gesgle; the
Cleve!snd Refining company and the
Scio Refining company. &. 7. Wilson,
Of New York, is credited with engineer
ing the deal, which extinguishes the
last spark Of competition with the
Standard Oil company in Ohio.
So the list will be extended until
every conceivable article Of human
consumption or use, with the ezcep.
tion OF air, will bs in the control OF
monopolies.