Bottle Combine organized, Brookfield listed

BOTTLE COMBINE

The eastern bottle combine exclusively mentioned in The Budget last week is progressing favorably, arrangements having been completed for the organization of a company with a capital of $12,000,000 to absorb the principal bottle manufactories of New York, New Jersey, and Pennsylvania. The company will be incorporated within a few days in New Jersey, and its headquarters and principal selling agency will be established in New York City. The capital of the company will be divided into $8,000,000 of 7 per cent preferred cumulative stock and $4,000,000 of common stock. The new concern will be known as the National Glass Company. The officers of the company will be: President, Charles A. Tatum, of Whitall, Tatum & Co.; vice president, William Brookfield, of the Brookfield Glass Co.; temporary treasurer, Richard Delafield, vice president of National Park Bank of New York; secretary, John Whitall, of Whitall, Tatum & Co.; directors, John Moore, Clayton, N.J.; C. W. Shoemaker, Bridgeton, N.J.; John V. Craven, Salem, N.J.; Richard M. More, Bridgeton, N.J.; F. Fox, Philadelphia; A. Garwood, Williamstown, N.J.; and Geo. Jonas, Minatola, N.J.

The concerns which thus far have entered the combination are: Whitall, Tatum & Co., Millville, N.J.; Brookfield Glass Works, Brooklyn; Moore Bros., Clayton, N.J., Cumberland Glass Co., Bridgeton, N.J.; Salem Glass Works, Salem, N.J.; H. C. Fox & Sons, Philadelphia; Bodine Glass Co., Williamstown, N.J.; More-Jonas Glass Co., Bridgeton, N.J.; Geo. Jonas, Minatola, N.J.; F. M. Pierce & Co., Clayton, N.J.; Standard Glass Works, Lockport, N.Y.; S. M. Bassett, Elmer, N.J.; T. C. Wheaton & Co., Millville, N.J.; Jefferis Glass Co., Rochester, Pa. And Fairton, N.J.; and the East Stroudsburg, Pa., Glass Works.

The combine is based on the scheme of the much talked of English syndicate, which is to buy the plants outright and bring the bottle business under central control, amply finance it, and instead of each fighting all competitively, introduce the latest improved machinery and endeavor to make some money collectively. A western combine is to follow, and afterwards a consolidation of interests.