Evening star. [volume] (Washington, D.C.) 1854-1972, 1911-03-14
HOLDHERE
New Workers Form Corpora
ton to Control Bakeries.
OPTIONS ON MANY PLANTS
Proposed capitalization Is Put at
$4,000, 900.
NOT TO PUT UP THE PRICES
John w. Gates Thought to Be Back
of Plan to Organize the Nation
al Bread Company.
OPTIONS ON MANY PLANTS
NOT TO PUT UP THE PRICES

\ huge corporation. controlling
bakeries in a score or more of the
largest cities in the country. includinG
Washington. Is being formed by New
York capitalists. 1t is rumored that
John W. Gates is back OF the plan t.
organize the proposed s30.000.000 cor
poration.
The Boston Baking Company of this
city is to be purchased BY the new
corporation, it is said. Richard j.
Earnshaw. one of the owners Of the
local company. is authority for the
sold If the price demanded by himself
and ii. b. Leary, the other owner OF
the company. is forthcoming.
Mr.. Leary, Mr.. Earnshaw said. il at
Atlantic City today on a vacation.
Inquiry among other bakeries in this
city developed the fact that no others
were being negotiated for by the corpora
ton at this time. 1t was declared, both
by representatives OF the Boston Baking
Company and by those OF other baking
companies here that the formation OF the
new corporation would not affect the
price CT bread. They said that bread was
as cheap today as it could he and give
the bakers any return on their invest
ments and that there was no prospect or
raising the price of bread
Max Oscher. who has represented the
Gates interests in other matters. is or
ganizing the new corporation, which is
to be called the National Bread Company
1t is expected the corporal ton will make
a strong bid for the ACKNOWLEDGEMENTS
market in New York city and the sur
rounding territory.
Firms to Be Represented.
Some of the firms that will be repre-
scented in the corporation, il is said, are
the American Bread Company, st.
Louis; Collins Baking Company. Buff
falo; Deininger Bros, Rochester;
George G. Fox, Boston: Reynolds Bread
Company. Columbus; Russell Spalding.
Binghamton: Star Baking Company.
Cleveland: Whiteside Baking Company.
Louisville; Boston Baking Company.
pany, Philadelphia; Atlas Bread Com
pany. Milwaukee,; City Bread Com
pany. Baltimore; McKinney's Bakery.
st. Louis, and the Schultz Baking Com
pany, Chicago.
Capital Of $50, 200, 900.
Reports declared that the plans Of the
promoter nave SOue 50 tiidl IL haS
been determined to organize a corpora
ton with s15.OOOOOO per cent cumula-
tive preferred stock and s15000.OO0 com
mon. and that already options have been
obtained by the promoter on about TWEEN
ty of the thirty plans thought necessary
to the scheme.
So far as could be learned today, no
options have been obtained in New York
city, although one or two companies are
mentioned.
According to present plans, Paul
Schultz Of Chicago, head Of the company
which bears his name. is to be president
Of the National Bread Company. Mr..
Schultz declared no combination had been
organized thus far.
Declares Report Premature.
1.-The report is premature" said he.
1.-THE big independent bakers Of the coun-
try have Been meeting to see IL arrange
ments could not be made for benefit along
economic lines. No one can say yet
there will be company
That Mr.. Gates and some OF his friends
are backing Mr.. Oscher in his latest plan
is shown, 1t is thought, by the fact that
the promoter today has sufficient money
to pay big options on the plants desired.
Ready money is plentiful, and as 1t Is
known that none of the bakers Is putting
it I'D, the source is Immediately traced
to the financier who had been behind Nj.
Oscher in the past.