Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1902-06-26
A NEW PACKERS D[AL
Community Of Interests Plan to
Be Given Trial by the Big
Meat Concerns.
Smaller Companies Ready to
Sell Out-Swift and Armour
to Buy.
The New Organization Will Have
Capital OF $500, 600, 1000
Other News.

Chicago. June ga "communlty-o1
interest scheme is generally belleVea
TO be under way among the larger meat
hackers for a better controlling OF the
beef and pork trade of the united
States. The idea is to secure control OIL
the smaller packing firms that are ACT
i've competitors of the larger concerns.
The board of trade, the La sane
yards were flooded yesterday with ru-
mors about impending deals among the
packers for absorption or merging of
several of the leading interests The
insiders would not confirm the rumors.
The deals were seemingly not yet in
shape for publicity. AT the same time
the impression prevailed on the board
Of trade and at the stock yards that
there is more than idle talk in most of
the reports.
The Swift concern has secured the
Anglo American Packing Company,
which has a capital of S5,000,000. The
deal has reached point where it needs
only the sanction of the English stock
holders of the Anglo american, who are
soon to be called together by Anderson
Fowler, the principal owner, who
reached Liverpool yesterday for that
purpose. The Swifts will, it is said,
increase their capital stock from $780,
coo, 900 to $3o,0OO,00o.
Armour is said to be after con-
trolling interest in the G. II. Hammond
Packing Company, which has for years
operated at Hammond, Ind. and re-
Gently bought a tract of land at the
stock yards for a plant there. 1t is one
of the largest houses in the trade. Mr..
Hammond was the original dressed
beef operator, developing the system of
handling beef in refrigerator cars be-
fore the others thought enough Of it to
take it up.
The Armour people have, it is said,
bought stock also in the Omaha Pack
ing Company, which operates house
here and at Omaha. The company has,
like the Anglo-American, recently gone
into the dressed-beef business and be-
come SO sharp a competitor that the big
concern thought best to get it under
control 1t is the report that Swift
takes the Anglo American and Armour
has bought into the Hammond and the
Omaha company with a view of con-
trolling their operations and arranging
1t so that there can be a general divis-
ion of the territory.
Edward f. Robbins, president of the
Omaha Packing Company said yester-
cay he had lately sold some of the stock
in his company, but declined to say who
the buyer was. He also said that he
had still a controlling interest in the
company, which was not for sale.
Il know nothing OF the reported pro-
posed consolidation of the large pack
ing houses he said, but the feeling in
the trade is that it is likely to be
reached sooner or later"
The smaller packers, who have been
unable to make any money in late
years, are said to be eager to sell out.
packing houses were in operation at the
yards by different firms Now most OF
these houses are either idle or are used
as storage warehouses for provisions.
Only nine are in active business
Armour recently tried to buy the
Hatley packing house at the yards, but
the price asked was too high. His de-
sire was TO use it as a box factory. as
il. is we'll located to the Armour plant,
and it may be taken over later. The
international Packing Company which
went out of existence several years ago
with only its packing plant as assets,
has several houses that it is anxious to
dispose of and trades are on for them.
A report comes from Boston that an
underwriting syndicate has been
formed there to furnish s300,O00,000 to
be used in q consolidation of the larg-
est packing interests of the country to
include the stock yards at Chicago and