Show BIG TRUST it Is anticipated that marizan morgan will secure every wire factory in me the country new york november so 30 efforts ere beun begun eix six months ago tn to consolidate under one ownership and the wire erod 1 I rod wire nail and other wi wire re interests 0 of i the united state me ma progress o 0 has been made in the last ten ton days and a meeting bas has just been held in this city at which every wire manufacturer in the country was represented for some time after the plan was set pet on toot it looked as il if consolidation would not be accomplished but finally a basis acceptable to all 11 II was arranged and the meeting we a held to perfect the final details in this tran action according to the press J P morgan gana co oo are financial backers of the enterprise which involves involve 3 the capital will be famished furnished by american british and german firms mr morgan is now in europe for the purpose of interesting fo investors in the ec berte it is that each mill willbe wilt be purchased eed outright by a corn company pany formed recently at an ap SP praised valuation to ba be paid for two thirds in cash and ond the other third in ill equal portions preferred and common stock there is i every reason to believe that by february let lot every wire mill in the country will be owned and operated by the morgan people with john W V gaff gaue a of chicago as president of the company the effect of the consolidation will be far reaching and present methods of doing business bu siresa will be greatly changed it is said by those who are meet in 1 terea te rested ted in wire manufacture that large savings of frig fright Lt wilt will as shipments will be made from mills nearest to the point of delivery and that other material saving of cost will be lie maje made |