Show watch trust this time new york april 13 the new york tribute fays it is learned that a new trust which will embrace nearly all the big watch case and watch movement iri this country will eoon be organized plans for bringing these industries ander one common board of management have been under way for some time elliott burns is the promoter of the proposed trust mr barn s had little to eay about the plans ol 01 formation ot the trust arther than the proposed organization would have a capital of not less than and that it might reach the sum of stock will be issued to each company in the combination in proportion to the value ot its assets it is said that each company ia to receive the full marketable value of its plant and in stock none ot the eatock will ba listed for emulative ecula tive purpose the new york tribune informant said that a central company will be or with headquarters in new york and a largo distributing house would be established in chicago and probably in san FrAC citCO whit do you expect to gain by con was asked ife replied that the methods of corn petition in the watch case and the watch movement industries were costly and the methods of consolidated capital economical he eaid that nearly all the bis watch case and watch move ment would enter the new organization if bey bad not joined already and thai those who have be come identified with the movement were not told when asked to join what companies were in the echeme ESS there are nice different styles of watch cases continued the speaker in explaining the advantages to be derived from consolidation and to make them requires as many different abets of baths laths and other tools under consolidation each of the big factories will have one bine of work and in this way the busi nese will be simplified a lot of machinery nied at present will not be needed and it ia also expected that there will be 4 in manual labor preferred block bearing 1 per cent interest it la said will be issued the firms mentioned in connection with the possible consolidation are the elgin national watch company the american waltham watch company and the hampden watch company all manufacturers of movements and the following cases the dieber watch cata manufacturing company the crescent watch case company joseph fabas A company and the keystone watch case company |