The Newberry herald and news. (Newberry, S.C.) 1884-1903, 1901-07-05
FERTILIZER TRUST
GOBBLES OIL MILLS.
FAKES ALL BUT ONE IN TIE RICH
PEE DEE SECTION.
Absorbs Southern OIL Co.-S2 100000 tho
Prico Paid, and DIR. &. FltzSImon,
President OF Columbia Com
pany, Retained.
Especial to The State. !

| Special to The State.
Dillon, July 3.-The absorption of
the independent cotton oil mills in
South Carolina goes merrily on. About
two weeks ago the Virginia. Carolina
Chemical company Of Charleston pur-
chased the Atlantic Cotton Oil COM
pany for 100000. These mills arc
located at Sumter, Camden, Bennctts-
vile, Gibson, N. c., and n refinery at
Charleston. Now the Dillon oil mill
has been absorbed by the same COM
pany for $l5, 900. This is comparatively
new mill of As tons capacity. Ncgo-
| tiations are today pending for the pur-
| chase Of tho Marion oil mill by the same
corporation, and the ultimate nbsorp-
tion, as this mill, like many others, it
Is stated, lost money last season owing
to the high price Of seed compared with
the low price OF oil and meal
1t is not yet known what has been
| done with the Florence mill, but it has
been reported that this same corpora
| tion has secured al option on it. In Dar-
| lington.thc Virginia. Carolina Chemical
company practically owns one of the
| two mills located there, and the owners
OF the other mill, up to q short time
ago, declared their unalterable inten-
| tion not to sell out to the trust, but will
work on as an independent company.
| Thus all the mills with this single ex-
| ccption, in the rich cotton belt of east
crn South Carolina have passed into
| the hands Of the Charleston fertilizer
| trust. Whether the absorption Of mills
in other parts of tho State is in pro-
gress is not yet known, but it is ru-
mored that such u movement is on foot.
| There are 81 cotton oil mills in the
State.
The recent formation of that $12, ,00O,-
600 corporation in the east for the pur-
| chase and control Of some of our south
| ern oil mills may mean something for
South Carolina. The Southern Cotton
Oil company with its eighty large mills
was sold to the Virginia. Carolina Chem
ical company on the 1st instant for
S., 100000, and tho transfer has been
formally made in New York. Mr.. G.
FitzSimons, the president of the Column
bia mill, has been retained by the new
company and has entered upon his now
duties.
Those in position to talk do not
hesitate TO say that from business
standpoint the purchase of these oil
mills will greatly benefit the Virginia.
Carolina Chemical company, who prac-
tically control the fertilizer business of
the State, Cotton seed meal contains
| about per cent. of ammonia, which is
the most costly ingredient in the make
of commercial fertilizers. Not owning
any mills they have heretofore been
compelled to use tish-scrap or blood to
supply ammonia, which ingredients are
costly and uncertain in their analysis.
Apart from being q source of ammonia
cotton seed Is an excellent "filler" in
the manufacture Of these goods. It's
use is nothing new and thousands of
tons have been annually absorbed in
this way. 1t Is stated on good author
ity that the Atlantic Cotton Oil COM
pany had on foot welldevised plan to
purchase or combine into q trust sever
al of tho oil mills in this State, and had
gone to work systematically securing
options to many OF them. The Virginia.
Carolina Chemical company, hearing of
this Immediately entered into negotia-
tions with them to buy them out, and
did so at price exceeding their capital
stock by $4,000.
F.P. G.
THE RUMOR IN COLUMBIA.
1t was rumored here yesterday that
the Virginia. Carolina Chemical COM
pany had bought the cotton seed oil
mills in this State operated by the
Southern Cotton Oil company.
Negotiations have been pending for
some time, and it was reported yester-
day that the trade had been completed.
This will cause the company's large
mill in this city to change hands. 1t is
now operated by Mr.. g. FitzSimmons,
who, 1t Is said, will become general
manager OF the Virginia. Carolina
Chemical company's cotton seed oil
| business in this State.
Mr.. FitzSimmona was in New York
yesterday, and is expected here today
Whom he is promoted, as ho no doubt
will be, he will receive the congratula-
tions of many friends, who are gratified
to know that his successful manage
mcnt OF the local mill has been appre-
oiated.
] Saves Two From Death.
Our little daughter had an olmost fa-
tai attack Of whooping cough and bron-
chitis," writes Mrs. w. X. Haviland, of
Armonk, N. Y, "but, when all other