The progressive farmer. [volume] (Winston, N.C.) 1886-1904, 1901-05-14
General News.
HERE's NEWS ABOUT TRUsTs.


pany will sell out to the new $780,
600, 900 pillow trust, it is said.
Albert c. Case has been chosen
to succeed John E. Searles, resigned,
as President of the American Cot
ton Company. GAS shown by the
report the company had baled dur
ing the last year over 500, 900 round
lap bales. 1t is the compahy's pur-
pose to extend the field of it's oper
ations in the cotton States" says a
New York dispatch.
At P%ittsburg, Pa, at an early date,
it is announced, a movement will be
started for the organization of the
Central Labor Council of the United
States, which is aimed to be an ANAL
gamation of all the labor organiza-
tions of the country with central
headquarters, the object being to
secure cooperation among all
branches of labor and aimed to op
crate especially against the great
trusts.
An attempt is now being made to
unite the shovel concerns of the
country into a combine, that may
become known as the American
Shovel and Tool Company, which
will have a capital of 800, OOO, 900.
It is reported that a syndicate is
making an effort to absorb the
American Waltham Watch Com
pany's plant, the factory of the
Elgin Company, at Elgin, ILL.,, and a
number of other plants. The cap
ital of the syndicate is said to be
placed at SIS, 600, 600.
This dispatch from Norfolk, May
9th, will be of even greater inter
est to Progressive Farmer readers /:
can effort is being made to organize
a combination embracing the cotton
seed crushers of the South. Mr..
W. S Harvey, of Philadelphia, came
to Norfolk several days ago for this
purpose, and meetings have been
held here for several days. There
were present besides Mr.. Harvey,
Fred Oliver, of Charlotte, N. G. !;
J. D. Odom, Rocky Mount, N. c..
NJ. @. Winston and N. E. Edgerton,
of Salem, N. c., and F. II. Borden
and Henry We'll, also of North Caro-
lima. The object of the combine, it
is understood, is to control the mar
ket for cotton seed and it's product. -
An agreement has been reached
which will bring under one manage
ment five of the greatest ship build
ing concerns in this country. What
is of greater consequence to New
York and to the owners of ships,
this port is to have a dry dock
greater than any other in the world,
which will take in any ship now
ai0at or under construction. Capt.
ready assured. In order that out
side influence may not obtain con-
troll it has been provided that no
bonds shall be issued. Capital stock
amounting to $40, 900, 900 will be is,
sued and a syndicate has already
been found to underwrite the entire
amount.
The Standard Oil Company, of
New Jersey, has declared d dividend
of $12 per share, payable June Is.
In March $50 was paid. Last years
four dividends we're $50 in March,
$40 in June, $8 in September and
SO in December. The stock sold on
the curb last week at $842, the
highest on record.
w. B Brinton, President of the
Peru Plow and Wheel Works, Of
Peru, Ill, says: The plOw combine
is likely to be merged into a great
trust of all the implement makers of
the United States. Ninety per cent.
of them are now represented in d
conference at New York. The CAPT
tai of the new trust will be as much
as $50, 600, 900 and many amount to
SIS, 600, 600. Charles H. Deere of the
Moline Plow Works, is likely to be
named president of the trust"
Mrs. Benjamin Harrison has fled
formal notice Of her intention to &C
cept the provisions of the will of
her late husband instead of claim
ing her dover rights. She is to
receive $4,000 il cash, the summer
home in the Adirondacks, the use Of
the home in indianapolis and the in
terest on 1926, 900 during her life.