The Birmingham age-herald., 1910-08-12
BAKERY CONCERNS
 IN CONSOLIDATION
New Company Has Capital of
 $800,000
DOES A LARGE BUSINESS
Co. and Huston Biscuit Co. Unite Forces for Building Up the
 Southern Trade

Plans were completed yesterday for a bakery consolidation which will not only control the entire bakery output of the Birmingham district but will furnish strong competition to the cake and crack pany and the Federal Biscuit company throughout the southern states. The combine includes the Highland Bakery company. the Huston Biscuit company and the Martin Cracker company, and is to operate an organization under the name of the American Bakeries-Candy company, with a capital stock of $500, 900 as a financial basis.
 Plans for the big merger have been on foot for over a month, but no inforna- tion was given out until yesterday, when the final plans and arrangements were completed and all contracts and agree ments signed. The first step toward or ganfzation of the allied bakery interests Into a corporate body was taken Monday when the American Bakeries-Candy com pany filed articles of incorporation in the probate court office. The incorporation was merely for the purpose of forming a h'ioibS CohEciHy, lloWtNtlp duu llle Cdpl- tai stock was put at s3oOo. No information as to the combination of the three big companies was given out.
 The $S0o,000 capital stock of the com pany thus represents an increase of $793, coo since the original incorporation Mon- day.
 The combine will be the only one of the kind in the south, and will operate practi- cally without southern competition. The three bakery concerns taken in own and operate three complete plants in the city employ over 500 men, and operate some 75 delivery wagons, motor and otherwise The stables of the three companies num- Der in all more than 100 head of horses The business done by the three plants last year exceeds $900,O0O, and that this year will be more thanl 8, ,OO0,0oo
 The crackers and cakes manufactured and put on the market by the Huston Biscuit company and the Martin Cracker company are being sold In competition to the National and Federal Biscuit com panies in a trade territory which com- prises practically all the southern states, including the Carolnas, Georgia, Florida, Mississippi and Louisiana. The Highland Bakery company has controlled a large part of the bread and cake output for the Birmingham district, as has also the Mar tin Cracker company. The combination of the three into one organization thus destroys all competition between the com panies both locally and in other states.
 Those Interested
 The president of the company is J. E. Ramsey, president of the Huston Biscuit company; William Fisch, president and principal stockholder of the Highland Bakery company, Is vice president; E. W. Sturdivant, treasurer of the Highland Bakery company, is secretary, and H. Malchow, who is also interested in the Highland company, is treasurer. The other stockholders and incorporators are :: Ex-Mayor George B. Ward and J. M Caldwell the brokers who conducted the deal; w. M. Drennen, Eugene Enslen president of the Jefferson County Saw ings bank. and H. l.. Badham, vice. pres ident of the American Trust and Savings bank, and president of the Bessemer Coal, Iron and Land company. These
 
 the company, comprise the board of di- rectors.
 The company Is capitalized at $soo,oo0 of which amount s40o,OoO is common and S40O, ,OOO preferred stock. The incorpora- tors of the company have subscribed for $76O, 900 of the total stock, and the remain ing s4O,OOO worth will be for sale in shares of common and preferred stock.
 It is given out that nothing but south ern capital is invested in the project and that the company is totally independ- ent of the National and Federal Biscuit companies.
 An official circular, made public yes- terday in regard to the combine, is as follows:
 Official Circular
 American. Bakeries Candy Co. Headquarters Southern Department,
 Birmingham, Ala.
 Incorporated under the laws of the state of Alabama, August -, 1910.
 "Officers-J. E. Ramsey. president; William Fisch, vice president; E. w. Sturdivant, treasurer; H. Malchow. secre- tary. Directors: H. l.. Badham, w. Fisch, J. M. Caldwell. w. M. Drennen, J. E. Ramsey, E. w. Sturdivant, George B. Ward. E. F. Enslen. H. Malchow.
 Capital stock-Preferred stock, $4O0.- 000 Dividends payable quarterly on the 18th day of October. January. April and July.
 Common stock $40O.0Oo. Each share of preferred stock. when sold by the com bolF cho o% stock as bonus.
 "The preferred is entitled to per cent cumulative preferential dividends, pay able quarterly, and preferred as to as- sets, both as to principal and dividends.
 "The company reserves the right to re- deem the entire issue or any part there of of preferred stock at any time at 120 per cent, and all accumulated dividends. by giving 90 days notice.
 ''The corporation owns and controls all real estate, properties, trade marks, bus mess, brands good will. etc., of the three large factories situated in the city of Birmingham, known as the Highland Bakery company Martin Cracker and Candy company and Huston Biscuit com pany.
 "All of these factories have been and are now working at full capacity and their gross business during the year 1910 will approximate s1,OO0,OO0. It is confidently expected by the management that 1t will be largely increased each succeeding year in volume.
 'The officials and employees who are actively working for the corporation and