The Birmingham age-herald., 1912-04-15
PLAN 4 STRING OF BAKERIES ID COVER THE ENTIRE SOUTH American Bakeries-C Candy Company May Be Merged
 Into Corporation
BUILD FACTORIES
 IN OTHER STATES
Rumors In Circulation Yesterday That Bond Issue Will Be Floated-At- lanta Men Want Headquarters
 in That City

The three local factories of the Ameri- can Bakeries-Candy company will be merged into the American Bakeries cor poration, chartered under the laws of Virginia, according to a rumor in Bir- mingham yesterday, and eventually the local organization will become the nucleus for a string of bakeries in practically all the larger southern cities.
 President J. F. Ramsay of the Ameri- can Bakerles-Can company, when asked last night Gor veriflcation of the report, said that he could not make any state- ment for publication at this time as tho negotiations were only under way and nothing of any consequence had been de- termined upon.
 It is stated, however that corporation has been organized in Virginia for the purpose of taking oyef the local proper- ties Added to the local physical hold ings will be two new factories to be erected immediately. One of them will be in Atlanta and the other in Macon, Ga. folloging the completion of these brand new bakeries. 1t is stated that other fac- tories will be constructed from time 10 time.
 Improve Local Factories
 Locally it is stated that the present three factories in this city will be at least doubled in capacity and their equip ment improved to such an extent that Birmingham will be the headquarters for the biggest and best bakeries company in the southern states
 Formalities are now being worked out, tf fe am ff. nanciers of Atlanta who are Interested in floating a bond issue to handle the under taking. However, it Is said that the Att anta men want the headquarters of tho company placed in that city and taken away from Birmingham. hn that way the local properties would not only remain in their present capacity without improve ments, but, 1t is sad they might even be decreased. It is said the local owners will not agree to such a proposition, although the Atlanta bond men have urged such a scheme
 Local Men Interested
 Local financiers who are interested in the merger are of the opinion it Is stated. that the proposition will be worked out and that Atlanta will not get the head quarters for the factory. Inasmuch as the company was born in Birmingham ana cODSOluateu Nltu OtneT f3IIninkuuIl bakeries, forming the present valuable holdings 1t Is believed that Birmingham has more than an ordinary call for the continuance of the headquarters in this city.
 The merger, if not unsuccessful. will take place in the next few weeks. No afficers have been selected and the amount of the capital has not been agreed upon
 It is stated that a bond issue will be the means employed in handling the merger details when the proper time arrives. The American Bakeries-C Candy company has large number of shareholders and J. F. Ramsay, the president of the eom- pany. Is very highly esteemed In local business circles wherein he has played an important part The first unit of the plant was the Highland bakery, which has grown into one of the strongest and largest concerns of the kind in the south.