[Trade Journal] Publication: Crockery & Glass Journal New York, NY, United States |
PROPOSED BOTTLE TRUST
Negotiations for the consolidation of the green bottle glass interests of the United States east of the Allegheny Mountains, which have been in progress for nearly a year, have reached a point where a decisive result is expected within a few weeks at the latest. The prevailing opinion in trade circles is that the consolidation will be effected and that about fifteen factories will pass under the control of an English syndicate with a capital of about $6,000,000. Mr. Morrison, the agent for the syndicate, has spent a year's time and considerable money, it is said, in pushing the project, and the energy and persistence which he has displayed lead those who are familiar with the negotiations to believe that they will not be dropped now that they have proceeded so far. It is said that the manufacturers are favorably inclined toward the proposition, as there has been much cutting of prices and consequent loss of profits. It was learned at the office of the Bushwick Glass Works that Mr. Brookfield had declined to give an option on his property, but had named a price at which he would sell the plant. Besides the Bushwick Glass Works, it is said that the proposed consolidation involves all, or nearly all of the following concerns, whose works are situated in New Jersey: Bodine Glass Works Company, Williamstown; Bridgeton Glass Manufacturing Co., Bridgeton; Cohansey Glass Manufacturing Co., Bridgeton; Elmer Glass Works, Elmer; Jefferis Glass Works, Fairton; Moore-Jones Glass Co., Bridgeton; Moore Bros. Glass Co., Clayton; Parker Bros. Glass Manufacturing Co., Bridgeton; Salem Glass Works, Salem; S.M. Bassett Glass Co., Elmer; Whitall, Tatum & Co., Millville; Whitney Glass Works, Glassboro; Woodbury Glass Works, Woodbury. |
Keywords: | Brookfield |
Researcher notes: | |
Supplemental information: | |
Researcher: | Bob Stahr |
Date completed: | November 11, 2007 by: Bob Berry; |