The Providence news. (Providence [R.I.]) 1891-1906, 1902-11-01
Plans on Foot to Consolidate
all Properties Under One Head
CONTROL EASY TO OBTAIN
With tho censunnahsn Of This Deal the
eitlrs Meat BUSINESS Of the CsuatU
VIII Bs In Few Hands.

Chicago. Ill. Nov. l--Consoiidaton Of
al the stock yards IN the country under
one management is contemplated by the
leading interests In those properties. and
the plan Will probably be carried out
after the completion of the deal to merge
the besf packing Industries.
II is announced by leading interests
that the Joining of the Armour Swift,
Morris and other beef packing concerns
VIII be completed by the end Of the year
or early In 1903 The underwriting agree
nents are said to have been signed al
ready. with the idea OF Announcing the
combination as soon as the market is
strong enough TO float the stock
There are widely different reports as to
the amount or stock the combination
will have. the agures running from $500,
100000 to $500 OK, 900. II is understood
the book value Of the various properties
and the common stock. the good will and
other intangible assets
The consolidation win include the Ar
mour. Swift, Morris and other properties
In Chicago. and. OF course. the Hammond
and Angio-American, Omaha and other
packing properties they have purchased
to put into the deal, and the Cudahy and
schwarzschtld & Sulzberger companies.
OFFICERS OF THE TRUST
While no announcement of the officers
has been made. II Is probable that Gus
tayus +. Swift will be president and J.
Ogden Armour chairman of the board
of directors. II " understood that p. A.
Valentine win represent the company in
New York In a financial way as he now
represents Armour q Co.
II was reported that tho recent delay
naKOfioftnna w dnA sxslxx
the desire of the Armours TO retain the
Armour name In the company and the
refusal OF other interests TO accent IL
Practically official information Is that
the Armour name was never considered
for the consolidation company.
Consolidation Of the various stock yards
companies could be effected with COM
parative east after the oonsolida ton of
the beef packing interests with the
exception Of the Chicago stock yards,
which are controlled In Boston, all the
properties involved are owned and con-
troiled BY the owners OF the principal
beef packing plants.
MANY YARDS INCLUDED.
Yards that will probably he included IN
the deal aside from the Chicago yards.
are those In Kansas City. East 81. Louis
and 81. Joseph. Mo. Fort Worth. Texas:
South Omaha and Sioux City. The Ar
mour interest is probably the largest In
the Kansas City yards. The Armours.
swift and Morris control tho East st.
Louis yards; the Swifts own the ct.
Joseph yards. the ArTnours and swifts
own the Forth Worth yards. the Ar
mours. swifts and Cudahys control the
Omaha yards, and the swifts control In
Sioux City.
While the control OF the Chicago yards
Is held I'm Boston. the Chicago packers
nave large holdings OF stock. and their
recommendations would undoubtedly have
great weight with the eastern men.
With these yards consolidated and the
packing Industry all under one head. the
paekers could practically control the beef
market from start 10 finish.
The plan for consolidating the various
stock yards has not yet progressed to A
point where the amount OF stock required
mas been more than discussed. IL would
undoubtedly be close 10 500. 100000.