The Montgomery advertiser., 1909-01-31
OF WIDE INTEREST TO SOUTH.
Williams Naval Stores Company
 Makes Purchase.
e. R.zsanaders Co. Of PensacsIa Is sAe ye.aor--All Details te Transser Accomplishea as nzehsnss
 HsfeL

Meeting in Montgomery as central point, representatives of the Williams Naval Stores Company, ana the c. R. Saunders Company. of Pensacola, yes ferday effected a tentative transfer of the entire holdings and business of the latter to the former, the consideration in tn deal being in the neighborhood Of
 The arrangements as effected yester- day at the Exchange Hotel will be rat fled at meetings of the directors of the respective companies within the week. ana the ccnsumnnation of the big deal reached.
 The purchaser, the Williams Naval st0res Company, is Of two associated firms which together conduct busi- ness iu naval etores which iB propepiy che largest of any other single nayai stores interest in the world The J. h. slso one of the most extensive firms of ats kind in the country as to operation
 '.r TT A Jennings of Pensacola. and J. "A O Carson. of Savannah. representeo fife Wliiamis company In the aeal 2. yesterday. while Dudley H ssunaers 0I PensacoIe, " vsrenss. rene ~ ~ Thomas. ysiIe. Ga.. were at the conference at the Tsxrhanwe Hotel as representatives V fhe Saunders Company: ssrha vViIIianns Naval Stores Company, ,.y pAneacola, fs closelx. associatea VIII line R. Willfams Company oI szsaI nah. and the two with tneiE s ,srs,aIv cstsA interests, handle tramc iarselss z. saassso,,t 6n,,bt. than that of any other
 assaI stores concern of the country " srt,a yFilliams company. upon recelp. 7. os fhe titie of the Sannders Con 01u s.,s s.. enorrnous equipment. cunton arrouf,ts. will take steps towara nu.., I'd dation of it's purcnass ahu ., vv,i- s.ssrssnr the Saunders into the VIII MI, sess.ts cofnpany sr4ie addition VIII zs-ss~f,,en faie claim nof the WliiiAh 2 2 ks-ssf Stares Company to the tue ot sss sn,, ,,trv's largest firm of the Kinos
 .g Ths Williams Naval Stores Company: ; snshtch is thus enlarged. was Lonnasu -fotit 2s years ago by J x. n1' WiitlAIs n who also placed Into neins sn1 For @gsiIiarng Company of sayanpah. E.or :. rsr time the head of the consolioat- "a hs,ssnens. he has retired from the S,,.iness now being engaged m sail- - h,,.sneae as schief owner or tne - SsccrVIa FIorEda and Alabama Haii- Tnad' T A. Jennings, who was an :asontgomery yssterday is pFsssns ss EsSs rss.' ssaent of the NsIliains Company of Fenr- e.seasa assa win head the combination .,-ifh fhe Saunders Company.
 srhe business 0f both firms has been seafirely of a Jobbing and brokerage nstura' Much oe the furpentine. pisch. a,,d other Drodncts of the pine forests s.,f Alabarna. Georgia and Florida- !4s,oaa urOducts so Indispensable In the 7 isTseritir,fe world. finds its way from Tha atiils of the forests to ships over fs,e world through the medium Of the two.
 And besides the factors business. Ahere are large railroad interests in- veiged in the deal, many of the stock holders in the two grms being promi- rsnt rasIroad men Of the South. 7 sThe business-men who were in Monte ewonnary to arrange the details or tue deal left last night for their respeetivs shonaes in Georgia or Florida.
 The news of the deal. coming rather unexpectedly. will prove of widest in- terest throuRhout the s0utheyR portion ef Alabama and Georgia. and most of glorida. in which sections both the Williams and Saunders Company have Aoperated as the foremost middlemen Ebetween the manufacturers and the Sproducers of tnrpentine and it's kind fred products. s