New-York tribune., 1922-11-28
Amer. w t,oIerl
Head Enters
Consol. Textile
William M. Wood Is Made
Director General and the
Chairman of Beard of
Cotton Goods Corporation
w. C.. Rockefeller Elected
irecior Of the Woolen Co.
Becomes the President
of the Consolidated d

of the T. ns0lidate q
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William NJ. Wood, president aud
g siTman Of the board Of directors OF
American Wooden Company and the
80 tstand:ng figure in the woolen indus
in the last few years, yesterday be-
ne identified with the largest factor
the cotton goods producing field by
} election as director general and
airnan og the board OF the Consoli-
cd Textile Corporation.
TO the cotton goods business SIR.
Jod also is taking with him three Of
important directors of the Ameri-
s Wooden Company, In the persons
andrew G. Pierce ir., vice-president
he Amerfcan WOODEN Company, who
comes president and general man
er of the Consolidated; George L.
epley, second vice-president Of the
aeriesn Woolen Company, and Henry
Binney, director of the American
5 ooien Company, both of whom were
ected TO the board of the Consoli-
ted Messrs. Wood, Pierce and Shep-
now constitute the executive con-
tee of the American Woolen Com.
American WOODEN board are thus
w. G.. Rockefeller Elected
William q. Rockefeller and samuss
Pryor, chairman of the board OF the
ennington Arms Company, also have
ssn added TO tbs Consolidatsd'g board,
ong with Henry L. Tiffany, cotton
,aerchant: William M. Butler, president
Z the Butler Mills, the Hcosac Cotton
ills, the New Bedford Cotton Mills,
o puisset Mills and the EemeskeS
ala. and Charles 7. Main, industrial
ginee1.
q Consolidated Textile Corporation,
mains on the board Of directors. and
SO ia the newly elected chairman Of
70 Consolidated's executive committee,
,ghich includes Mr.. Wood. Mr.. Pierce,
,fr. Tiffany and Edward r. Tinker.
iFhe Consolidated Textile Corpora
on was organized in September, 1919,
Mr.. Rupnrecht, who has been in the
otton goods business for thirty-ave
ears and prior to 1919 was the junior
aember Of Converse & Co.
Took Over 3. B. g. r. Knighs
In 1920 the Consolidated Textile
CORPORATION bought the entire common
sock of B. B. & r. knight, Inc. which
psrated seventeen mills IN Rhode ISL
nd and Massachusetts,.
Last year B. b. & r. knight. Inc,
rouired Converse & Co, the selling
gency, through an exchange Of 81,
25 900 worth OF seeond preferred
tock.
The entire Consolidated group, in
luding the Knight properties. is esti-
aated to operate 10000 cotton spindles
nd has q finishing capacity of 120,-
100 600 yards nj cotton cloth year
Tho Consolidated on June IA last
increased its authorized capital stock
rom 100000 TO 100000 shares Of no
Jar value In August, 1922, 1,274,264
heres were outstanding. The stock
vas listed on the New York Stock Ex-
hangs November IL, 1919. Four quar-
terly dividends OF rs cents each we're
aaid in 1890 and one initial dividend
Z rs cents share was paid in 1891
since which dividends have beer
passed. The company's balance sheet
as Of July I, 1899, showed total assets
II s5e,683,911, of which sl7,675,60t
we're listed as current. The stock fiuc.
uated between high Of 37ts and 6
low Of 3017 from the time it was
listed in November, 1919, to the enc
Of the year. The high and low Yol
1920 we're &65A and 16. The high ant
low for the current year so far were
l5E and o. The stock closed at 1871
yesterday. 1t is believed that the
american Woolen group &C .nired it.
interest in the open market. trading IL
the stock last Friday having reached
more than Ill 900 shares.
Under MIR. Wood the American WooIer
Company has attained dominatin:
position IN the WOODEN and worstet
goods industry. The company owns
more than nifty mills, comprising SOM
700 acres Of land and 100000 squar,
feet of floor space.
In announcing the entrance OF MY
Wood into the Consolidated Textil
Corporation Mr. Rupprecht said thu
no new financing was contemplated O
necessary The merchandising OF Con
selidated products, which cover wid
variety of cotton fabrics, will be car
yied on through Converse q Co., q
3ormerly. It is expected that MI
wood will take a most active part Il
managing the production end Of th
business,
The bringing of Mr.. Wood into tn
corporation. said Mr.. Rupprecht, wa
the elimination of efforts begun b
The latter about a year ago,
BOSTON, Nov q President William
y. Wood Of the American Woolel
Company, commenting on his election
SIS director general of the Consolidate,
Textile Company, which was announce,
from New York to-day, sai4 he ha,
become interested in this group of cot
ton mills Largely because he wanted I,
aelp out the industries Of New Eng
land. II was personal matter en-
t'rely, he said, the American WooleS
company being in no way concerned.