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The sun. [volume] (New York [N.Y.]) 1833-1916, 1902-05-27

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The sun. [volume] (New York [N.Y.]) 1833-1916, 1902-05-27

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The sun. [volume] (New York [N.Y.]) 1833-1916, 1902-05-27

Inc uouAtchs finished their shedule IN lh.
, ,,on national Tournament OF BROOKLYN lssl
night with Two vctor'' and totals above 'hs w
The sun. [volume] (New York [N.Y.]) 1833-1916, 1902-05-27

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The sun. [volume] (New York [N.Y.]) 1833-1916, 1902-05-27

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The sun. [volume] (New York [N.Y.]) 1833-1916, 1902-05-27

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The sun. [volume] (New York [N.Y.]) 1833-1916, 1902-05-27
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The sun. [volume] (New York [N.Y.]) 1833-1916, 1902-05-27

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The sun. [volume] (New York [N.Y.]) 1833-1916, 1902-05-27

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The sun. [volume] (New York [N.Y.]) 1833-1916, 1902-05-27

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The sun. [volume] (New York [N.Y.]) 1833-1916, 1902-05-27

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The sun. [volume] (New York [N.Y.]) 1833-1916, 1902-05-27

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The sun. [volume] (New York [N.Y.]) 1833-1916, 1902-05-27
The Palace aulnie, carried on the honots ~
create, N,~ Iors sub tournament last nNs
Tue scores

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New-York tribune., 1902-12-31

In June, 1901 a controlling interest in the Sneioy
Tube Company. capital S13,115.Ooo. was ac-
quired. The earnings Of the United States o'eel
Corpora ton haze been on scale con1mehsui0' ate
with it's vast possessions. For the first year or
operation ended March 81. 1902, the net earn
ings, after deducting each month the cost Oh or
dfnarv repairs. renewals and maintenance OF
plants and interest bonds and fixed charges
of the subsidiary companies, were over Sl1l'ooo'-
OON From this sum set aside S3Oo99I"
for sinking fund requirements. S12,339, le2 for
depreciation and reserve funds, S15.2oc,ooo Tor
interest on the corporations bonds for the year
and 500 992, ,433 for the years dividends on the
stock of the corporation leaving a surplus oi
almost S25 G00000 applicable to increasing the
depreciation and reserve fund" accounts ne"
construction or surplus For the SIX mohIhs
from 4 p-il September 30, 1862. the net earn
ings were about S74 425,0o0. the surplus beng
correspondingly swelled. At last accounts the
corporation had on its books untitled orders call
ing in the aggregate for nearly 5.oeO,oo tons OF
finished material and sign of a sackening
of the demand has yet appeared
But, for all its tremendous business. the United
States Steel Corporation is very far from having
a monopoly The production of iron ore in the
calendar year 1901 from its mines represented
only 43.9 per cent of the total production. IL
produced only 6S039SS tons of pig iron, or 42.9
per cent, of the total production of loSIoo.4
tons: but it has within the last year undertaken
the construction of additional blast furnaces
which Will enable it materially to increase Its
output of pig iron. The Steel Corporation last
year produced &C. per cent of the total outturn
of Bessemer and open-hearth steel ingots and
castings. 65.S per cent of the total quantity OF
wire nails manufactured, and 501 per cent of
rolled products-steel rails, structural steel etc,
6 995S tons, against 6159369 tons produced
by independent companies The last few years
have been period of great prosperity for all
manufacturers of steel The demand from con-
sumers is so pressing that for several months
past large importations of structural steel and
; other finished products have been necessary,
and the domestic companies have been enlarg-
ing their facilities in the eudeavor to furnish an
adequate supply but how some of the smaller
companies will fare when the lean years come
is a question of much interest.
Another question widely discussed is whether
or not the United States Steel Corporation al
ready so vastly larger than any other corpora
ton will continue TO be enlarged by successive
absorption of one after another of its business
rva!.. An indicat ton of its proba be course was
givep few weeks ago, when it was announced
that -ns Sharon Steel Company and the newly
New-York tribune., 1902-12-31
GEORGE II. SHELDON.

One of the best known men in NewYork. con-
nected with both banking and political interests
and also a promoter of vast monetary and indus
trial interests is Mr.. George R. Sheldon. head OF
the banking firm of w. c. Sheldon & Co. of Nos
and WaIl-st. In politics Mr. Sheldon Is con-
servative Republican and is treasurer OF the he-
publican County Committee. He has never sought
any public office. preferring TO serve his party
without taking any conspicuous part in its analrs
It was desired in the last contest for the Gov
ernorship that Mr.. Sheldon be Governor Odell :
running mate, but he declined the honor. as ne dld
not seek and really did not care for the place, al
though he considered the proffer of 1t a great
honor. Governor OdeII is reported to have said
that he would have been very proud TO have had
Mr.. Sheldon the ticket with him. ASIDE from
politics Mr. Sheldon is of the leading ma anclerS
of the country. He formed the Universal Iooacco
COMPANY. He is also a prominent factor IN the
also the American Locomotive Company. wntcn
controls the trolley lines in Minneapolis and 81
Paul and of trolley and electric lighting In
Covtngton Ky. and part of Cincinnati He IS also
largely interested in the Union Bag and Paper
Company of New-Jersey and the Panama canal
Company of America. Mr.. Sheldon has been
Republican for thirty years. but has been actlVe
In politics only during the last two years. the
time in which he has acted as treasurer or tne
Republican County Committee. succeeding JohIl
Sabine Smith. deceased He is a warm fr1end OF
Senator Plztt. and has always been liberal con-
tributor Republican campaign funds
New-York tribune., 1902-12-31
GREAT CORPORATIONS
GROWTH OF TRUST IDEA.
Combinations Of Combinations--- The
European Field TnUaded.

Ten years ago corpora ton having S10oU0ooO
capital stock was classed among the great
corporations To-day it would he placed among
the small ones, for the Intervening period has
witnessed such advances as the creation OF "a
corporation with S170O00.00O capital STOCK one
with S40ooo000o. and another with $1,1oo.-
100000 stock, besides a host of others with
capitalization ranging between $25OO0o00 and
Slooooo!oO0- OF the corporations organized
since January 1, 1899, with a capital Of
Slo,bnoD or over. only eight were capitalized
at the minimum amount. and the average for
the eiEhty-five odd was we'll in excess Of
Soo.OO0pH, their combined capitalization being
about S4.Jo0000,0G0. The great corporation of
to-day is, as a rule, not individual new enter
prise or an evolution of single corporation from
small beginnings. but combination of various
corporations and firms which had been COM
petitors in a given field OF industry 1t is not
monopoly. however large a percentage of the
total business in its line of industry it controls
and even though its manufacturing processes be
covered by patents; for the spectacle of great
gains made by any Industrial corporation ir-
New-York tribune., 1902-12-31
MORTON TRUST COMPANY.

The Morton Trust Company, of No IS Ma ssau-st.,
is regarded the world over as synonymous with
financial strength and integrity. The Morton Trust
Cornnsnv I'm addition TO doing general banking
business is largely employed as correspondent and
financial agent to corporations. bankers and mer-
chants and also in the capacity of guardian, ex-
ecutor and administrator, and takes entire charge
NJ real and personal In 1853 Levi P. Nor
ton onened an office in New-York as banker and
broker under the firm name OF Levi P Morton &
Co. with branch in London known as Morton,
Burns & Co. In 1865 George Bliss entered the New
York firm and the house became Morton. Bliss &
Co.. and Sir John Rose entered that In London
which became Morton Rose & Co. The house of
Morton Bliss &, Co. went into liquidation in 1897
and was succeeded by the Morton Trust Company.
one of the chief financial institutions in NewYork-
New-York tribune., 1902-12-31
InHN G. ORR & co.

One of the largest and most prominent iurnoer
conpa nies in New-York IS that Of John c Orr q
Co. The business originally established at
its present location at the foot Of India. Java and
Huron sts and the East River in the borough
Of Brooklyn. thirty years ago Their premises may
fairly be described as the hub Of the city's
lumber trade. The yards cover three full blocks.
and with the extensive waterfront on the East
River give the firm storage facilities for twenty
million feet of lumber without overJaxtng the ca
oactty of the premises This vast quantity OF iur1-
Der fs the average amount of stock stored In the
yards of this firm Their plant is equipped with
the latest and most improved machinery and ap~
pliances of all kinds for successfully conducting
the immense trade carried Progress IS the
motto of John c. Orr & Co. and that they have
always adhered to it is shown by the wonderful
success they nave achieved. The firm deals prin-
cpalIy in yellow pine and spruce timber for build
ing purposes. and sash, doors and blinds. John
G. Orr. the senior member Of the firm has been
identified with the lumber interests Of the country
for many wears. He is director OF the Manu-
facturers Trust Company of Brooklyn also OF the
Mechanics and Traders Bank. and is Brooklyn
director of the Union Ferry Company OF New
York To the firm of John c. Orr & Co must be
accredited a great deal of the wonderfully rapid
development Of the lumber industry of the metrop-
New-York tribune., 1902-12-31
United STATES STEEL CORPORATION.

When that gigantic organization Of modern times
the United States Steel Corporation. was brought
TO perfection and amalgamaton. two OF the most
important companies embraced in its acquisitions
were the Federal Steel Company. at that time tselr
the most powerful steel corporation in the world.
and the National Tube Company. a corporation
which controlled the GREATEST output Of iron ana
steel tubular goods in tbs United States, ana
greater than any single enterprise of its kind IN
the world
The Federal Steel Company was organized in the
early part of the year 1855 and finally Incorporated
on September of the same year, with liberal
powers to purchase the capital stocks of the Min
nesota Iron Company and of other kindred corpora
tons The Federal Steel Company ultimately pe-
came the proprietor of the entire stocks OF me
Duluth and Iron Range Railroad. the Minnesota
Steamship Company. the Lorain Steel Company
the Johustown Company. of Pennsylvania; extsn-
sive iron mines and docks on Lake Erie Inc
Illinois Steel Company. with its numerous plantS
was also acquired by the Federal Steel Company.
and included the Chicago. Lake Shore and Eastern
Railroad Company. iron mines in Michigan, eXten-
sive coal lands in Pennsylvania and the Eigln,
Joliet and Eastern Railroad With the Lorain
Steel Company. among other properties purchased
were the Lake Terminal Railroad and the johns
town and Stony Creek Railroad
The National Tube Company controlled ana
owned mills factories and plants in the States OF
New-York Ohio Pennsylvania Delaware and West
Virginia for the production of iron and steel tuou-
New-York tribune., 1902-12-31
GENITAL REALTY BOND AND TRUST COM

The Offices OF this extremely successful corpora
ton have recently been removed to more COM
modious premises in the Chamber of Com
noerce R,iIdings No 50 to 50 Liberty-st.. NewYork
City This step rendered necessary by the
large and rapid increase in the company's business
since it was established. on August Is, 1899 1ncor-
porated with original capital Of $20OO.OO0 the
personal standing of every officer and member OF
the board of directors and executive committee in
sured confidence of investors and OF the Leading
hanks and institutions of the city and State of
New-York from the outset In September, 1907. ad-
dional ca pitaI of Sl000000 and additional surplus
of s. 100000 was paid in The officers are Henry
Morgenthau. president; Hugh j. Grant, vice-presi-
dent: Thorwad Stallknecht. second vice-president;
w ]. B. Mills treasurer, and Ernest Ehrmann,
secretary. The directors are Frederick +. Olcott,
James Stillman. Anthony n: Brady. James n
Jarvie, James H. Post. James H Hyde, William H
McIntyre, Ernest Ehrmann. Augustus d. Juilliard,
Henry o. Havemeyer. William A Nash. Michael
Coleman Frederick Cromwell, G G. Haven. E. w.
CoggeshaT Hugh ]. Grant and Henry Morgenthau.
and the executive committee is composed of Fred
erick p Olcott, James Stillman James H. Hyde,
Hugh J. Grant, Augustus D. Juilliard. James n.
JarVie, Frederick Cromwell. Michael Coleman and
Morgenthau-
New-York tribune., 1902-12-31
.uERICAy TRADING COMPANY.

One of the largest organizations doing an export
business In the United States is the American
Trading Company. with offices at No % Broao-S'-
This company has a capital of S25000tO and - en-
gagged in the business OF exporting American
produce and manufactures of all kinds ana III
importing into the United States from the coun-
tries with which it deals the productions OF those
countries Its trade spans the globe. for altnoush
its principal business has been with China ana
Japan. it's operations extensive IN Mexico.
South America. the West Indies. Soutn AFRICA
Australia and the Philippine Islands The exports
from the United States made BY t11S company
amount to the large sum of S2ONOOUO year, not
panys houses in the East and In South America
In addition usual articles of trade whfch tne
American Trading Company handles they main
tain A regular engineering department. both mere
and abroad devoted to the sale of American ma
chinery. The company has offices in all the large
cities where its business lies
New-York tribune., 1902-12-31
BANKERS ENCOURAGED BY OUTLOOK

Bankers think the recent stringency is pefHis'
nently relieved and that the OUTLOOK Lor 'i'o
future is everything that could be oesreu'
Richard Delaheld, president OF the N0'iO4'0'
Park Bank said:
The past year has been an ehceptioiy =.
- - .he eon5it,on of the country to-day Is
splendid ,, =,
George G. Williams. president OF 'he Ihei'ii'@i
National Bank, said:
We have passed through year OF apouir
ing prosperity. The prospects for announcer nhe
year are bright, and there seems 10 pe noS .
conditions except the possibility OF poor Grops,
J. Edward Simmons president OF the fourri ,,,Ih
usually prosperous year and that the condluohs
s-SIned likely to continue.
New-York tribune., 1902-12-31

incidentalIy of course. of the American Snuff
Company and the American Cigar Company.
In May of the present year the Havana Iobacco
Company was organized with S3oOOO,OOo capltai
by interests AFFILIATED with the Consolidated
Tobacco Company. to take over three companies
which together controlled practically the entire
tobacco industry of Cuba
NeanVhiIe in September. 1901. the Trust
had established itself in Great Britain by the
purchase of Ogden's Limited, one of the lead
ing tobacco companies of England. Energetic
efforts were made to extend the business in
England which resulted in the combination OF
thirteen strong English tobacco companies into
the Imperial Tobacco Company. which for sew
eral months waged a costly warfare with the
American invader. Three months ago peace
arranged, and " virtual un1ncatlon OF the
tobacco business of Great Britain and the United
States was effected through the forrIation OF
the British American Tobacco Company. with
a ca apital of $50 100000.
New-York tribune., 1902-12-31
DAVIS COAL AND COKE COMPANY.

The Davis Coat and Coke Company. with othces
at No Broadway. New-York City. is a leader in
the coal industry Of the metropolis. and under the
abba MANAGEMENT of Fairfax Stuart Landstreet
trsnsacts a large and constantly increasing bust-
ness Mr.. Landstreet is an expert IN the coal
business He commenced his career In 1873 as
cIerk in the West Virginia coal mines owned by
the Davis and Elkins Syndicate. and he has served
those interests with his best abilities ever since
his Ioyaity and capacity being recognized by pro-
motion after promotion until he has reached his
nrssent positfon In handling the recent difficult
lies of the trace caused by the long protracted
coal strike, Mr.. Landstreet demonstrated MS grsaL
ebiI+ies as an economist and organizer. fulfilling
to the letter the contracts OF his company as far
os nossibIe under the adverse circumstances, and
helping himself inf1uentally 10 terminate the
strike
New-York tribune., 1902-12-31

company which dtly represents the enoIn4o
smelling and refining interests of the United stars
is the American Smelling and Refining COMPANY
whose principal office is at No. Al Broadway. NeS q,
York City. and which has important oIICSo 80 -
Denver Col and the CITY of Mexico Some Idea or
the magnitude of the operations IN ores IL ~ tbe
United States be gained by a glance a. ~
business of this company which was oiiIS 1+SI
lished in 1897. and is incorporated Win ag
100000 600. The American SmelJlng anu rleALIls7
Company is engaged in smelling and rennins s1 fsr
silver copper and lead and the WORKS are % .i. ~
separated as are the localities where those
are found. The companys works are ar feT1n TI [ee
Col: East Helena. Mont: Great rams Nioleff gaft
Pueblo. Col; Leadvile Col DHTansIs Sfexico Mon
terey Mexico; EI Paso. Texas; Ant9ragascd 1av It
and Argentine Kan. The officers OF tne couilpaIS
are: E w Nash president; Danlei GusssI.llST'' sSsI1
chairman of the board Of directors; Isaac 5s,I
&ern treasurer. B. SeWeT. vice-preSident,
Brush secretary The vast territory in wnlcm + ti
American Smelling and Refining company ope 49,,
is one of the most striking indications OF IL
strength and the magnitude of its business III
New-York tribune., 1902-12-31
EOBEIGN TRADE IN 19O%-
Tncreose IN Erports of Manu-
fdctuT6S.
fGctUTeS.

The foreign trade of the United soaleo oeo :,
showing a decrease OF about Sllo.ooo.VvO ~ for
,,or+s and s74.oo0ooo increase In inpoIaS
the first eleven months Of lSoZ' IS mo- s,ca+e a+
c.. a,a,,ce The decrease IN exports Is more
+nsn sccounted for in the reduction in our snip
1li0i ot1nad of agricultural products This
item amounted to s130.Ooo.ooo- 1t was Que pa
~ 70 the poor corn crop Of last year the
in corn having fallen from S49'oVV'oVo 70 go 80
=" a. ,,o1re of the wheat export, due
ducuon ~ .,e o Fact that last years figures were
unusually large. x.,,--ae however the
epnree are satisfactory, as showing taS an m oIsr
oY about Sl5OO0000 for the same ptr,+be+en6
,1aosa o9 .he same time year ago. not"IliIs
ing the general decrease In our ehPoI' P - IarreIv
The matter Of imports the lncreasf and mate
covered bv the items or raw lila'e4i i ~
rails partly manufacturer. 49,. ee,,res for the
The following are details OF the nga arad SINH
eleven months for lhe Pie
H. -a-so6 NJ last year:
New-York tribune., 1902-12-31
NATIONAL BREAD COMPANY.

The National Bread Company. Of No Is BroaH-st
with its great manufacturing Inventions Is able TO
insure consumers against the lack OF cleanliness
and unheaIthful ingredients Of the hand made prod
uct and to produce a really good bread which IS
sanitary. nutritious and appetzins The company
organized July. 1901. for the purposes OF man
ufacturing. selling. leasing and licensing OF knead
ing and mixing machines and other devices for the
production Of bread and similar products. with
capital stock Of S3,000.0j0. II patents TO
machine that is a combined mixer and kneader
closely approximattng che manipulation by the
human hand. which improves the quality and re-
duces the cost. The directors OF the company
Owen T. Bugg, William j. Highlands, John j. Mo-
Cook, Charles z. Phillips. Melville d. Chapman.
Henry P c. Johnston, X. H Holmes and William
Il. Meadowcroft.
New-York tribune., 1902-12-31

on notice lends money on collaterais, oea1s IN
American and other investment securities. and
offers it's services as correspondent and nnanclai
agent to corporations. bankers and merchants. lne
company also acts guardian executor ana sI a1-
rninistrator taking entire charge or real and p,
sonaI estates. The companys offices are IN Ilo W
Mutual Life Building, at Nassau corner CeCal -
Their London branch is at No 90 St Janes-st;;,
S W The Guaranty Trust Company or New 1oEh i1
has ever held representative position IN nnancldt
circles and stands to-day an embodiment Of those
sound and legitimate methods that alone renoeF Fl
such an institution secure from the ductuatlons oi
the money market and depression of commercial
New-York tribune., 1902-12-31
,JOHN STANTON.

One of New-York's leading metal merchants is
John Stanton. of Nos. II and 13 Willian-st-, New
York City and for many years the mans of Stan
ton has been a landmark in the market Mr.
Stanton is very closely identified with copper inter-
ests and his opinion on this particular branch Of
mining is eagerly sought after by all interested in
that line of investment as the director IN several
companies, he controls quite an interest IN the
mining stocks which largely dealt in on the
New-York Stock Exchange Mr. Stanton is d.
rector OF the American Coal Company: secretary.
treasurer and director of the Atlantic Mining Com
panv president and director of the Baltic tlfn1ng
Coripany director Of the Copper Range Consoli-
dated Company, ard president and director Of the
Michigan Copper Mining Company. the Mohawk
Mining Company the Wfnona Copper Company and
the Wolverine Copper Mining Company