The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1901-04-02
CANNING TRUST
AF TER UTAH PLANTS
> California Associations Agent
in the Field.
HAS SECURED OPTIONS
PLAN INVOLVES EXPENDITURE
OF 100000.
HAS SECURED OPTIONS
Especial to The Heraid.)

toCtNict 70 j DO fltIdlt.J
Ogden, April 1.-The report Of big
deal pending. whereby a California con-
Germ has acquired practical control of
the canning industry of Utah. was
confirmed here tonight from several
sources. The deal is no less than a
100000 transaction, but the canning
people were reticent in the extreme
about details. though admitting that
such transaction was pending and is
known to have been elosed in some
instances. Where tie deal has been
closed 1t is in the form Of al option
for one month to sell or lease for q
year. ~ the taker of the option may
elect.
Agent of the Trust.
The man engineering the deal vas
Philip l. Bush. who has been stopping
at the Reed hotSl for several days lie
is from California and is supposed to
represent the California Gamers as
sociation. which according to the can
merry people here. is the name of the
California Canning trust However,
all contracts were made to Bush per-
s6nally and several of the local can
ners interviewed said the terms were
such as TO amount to an almost posi-
tive sale. provided he gets control Of
enough of the others to dominate the
g business in Utah This control. it is
as factories representing so per cent Of
tie output of Utah have been seen"
by Bush. who left here for Wood, s
Cross to deal with the factory people
there. After completing his business
at Woods Gross he would go on TO
Salt Lake.
II is stated 1hat the first concern
! dealt with was the Adams company.
gotiations with this concern have been
closed.
Utah Company's Action.
Mr.. Matson of the Utah Canning
company refused to discuss the deal,
but admitted having Bush at the fac
tory and assisting him TO inspect it.
From another source II was learned
that two of the directors of the Titan
Canning company had been empow-
cred by a special meeting of the share
holders to dispose of their factory and
business.
Canning company had held a special
directors meeting today, and that
some resolutions were passed. He
would not discuss the nature OF these
resolutions and grew rather impatient
When urged TO do so.
Wants Land Also.
It was also learned that Bush took
options on land for the purpose OF
raising tomatoes. Fears were eX-
pressed by some that fhe factories
would either be closed or would be
operated with Chinese labor. Bush
also tried TO get an option on stocks
of canned tomatoes. He came 10 Og-
den with 4 letter from a bank in San
Francisco. certifying that his company
was fins nt.otiIy Responsible to float any
undertaking that he, their representa-
tive. rnight engage in. This letter was
Endorsed by a salt Lake bank.
The method pursued by Bush is pre-
cisely the same as used elsewhere by
others when cornering lie output.
None of the sellers consider that the
lease phase of the contract viii be
considered, as that would involve an
outlay of at least one-quarteC of the
cost if purchased entirely.
The Importance of the Utah factories
10 the California trade has Increased
greatly of late years. as Titan was
supplying all tie intermoUntain cOun-
try. especially with tomatoes. This
territory had heretofore been supplied
BY California.