New-York tribune., 1901-02-06
CARNEGIE STOCK SOLD.
Continued from first page.
terest in the great corporation. which bore his
name:

name:
The trusts have frightened me & and d the he
afraid Of them as it is the greatest property Of
it's kind the world has ever seen or pronaoy
prosperous. II never was so prosperous
nor were its prospects ever so good @ solo IN IN Dp
TO spend my old age in business strusshag d aftet
and unselfish life after sixty
That was Mr. Carnegie's attitude less than
two years ago. and it is believed to have been
his position ever since then: so that. when 1t
seemed to Mr.. Morgan and his associates timely
and desirable 10 seek 10 bring the Carnegie
Company within the scope OF the community
of control" idea extended from the railroad
to the industrial field, they did not have TO con-
front the task OF persuading Mr.. Carnegie
against his inclination. TO retire from the con-
troll Of the vast industry which bears his name
and is the product Of his surprising sagacity
and energy and the world-famous monument
OF a business talent amounting to genius. Mr..
Carnegie was prepared TO consider their oner'
and the transaction became simply question
of agreement on the terms.
The Carnegie Company has Sl6O,0hOOO stock
and $3.50 0OpO 600 bonds. The companies I'm which
Mr.. Morgan is interested capitalized as fol-
lows: Federal Steel Company SlO0.WnNO COM
mon stock and SlOOOOoOOo preferred tof
this S46, 4S4 300 common and Sb326o.9o
preferred stock Outstandng); American
steel and Wire Company. S50000om common
and S40UOO0O0 preferred stock all outstanding;
National Tube Company. Sl0.0O0.OoH each Of
common and preferred stock, all issued. and the
American Bridge Company. S35OOOOo each Of
common and preferred stock, Of which S}O.12'.-
SC0 Of each has been issued.
The Moore group includes the National Steel
Company wtth S32GO0OOO Of common stock and
S2T 600 900 preferred all issued; the American
Tin Plate Company. Sl0.OOO.00o common and
$40. 100000 preferred stock. with S2s0oo000
common and SIS. .32J 900 preferred stock issued;
the American steel Hoop Company. Sl0OOOOoo
common and $4,000. 600 preferred stock. all is
sued. and the American Sheet Steel Company.
S26OO0OOO common and S26O'OUD preferred
stock with S24j0O0O0 Of each issued.
Among the companies outside Of these two
groups are the American Car and Foundry
Company. S3O0OOOua common and S3oO00OO0
preferred stock. all issued; the Pressed Steel
Car Company with S12.JOO.OOO each of common
and preferred stock. all issued. and the Republic
Iron and Steel Company with S3O.O00OOO com
mon and S250OOOGO preferred stock. OF which
S2T 19l, 900 common and $50 2O8900 preferred
stock are outstanding.
The steel stocks yesterday showed marked
strength. Federal Steel common closed at II a,
the high figure Of the day, net gain Of 4"s per
cent, and the preferred also closed at the very
top. 77a4. a net advance OF 2i2 per cent. Steel
and Wire common closed at 491s net gain Of
~. points and the preferred gained points.
closing al 93 The National Tube issues also
made noticeable gains. the common advancing
- points 10 66l2. at the close, and the preferred
closing al lO3. gain of per cent or the
advance. the common gaining Ia per cent. Tin
Plate and Steel Hoop also advanced.