Business & Finance: Mergers: Jan. 14, 1929

Business & Finance: Mergers: Jan. 14, 1929
Gold, Silver, Jewels. In Manhattan, in 1810, when Fifth Avenue was a
woodsy suburb, Messrs. Isaac Marquand and Erastus Barton opened a
jewelry shop at No. 166 Broadway. A descendant of this store may be
seen today in Palm Beach, in Paris, in Manhattan . The
name is now Black, Starr & Frost. Black, Starr & Frost fashioned the
Davis Cup for the U. S. Lawn Tennis Association, and for U. S. and
European ladies many a rare jewel, notably a $685,000 pink pearl
necklace. Likewise on Fifth Avenue, and just one block from Black, Starr & Frost
is the retail store of the Rhode Island silver-&-goldsmiths, Gorham
Manufacturing Co. For almost a century Gorham silver and gold has
furnished U. S. dining rooms, churches. Gorham bronze has gone into the
careful details of U. S. buildings. Last week Black, Starr & Frost and its near neighbor, the Gorham store
were working out details of a
merger, which obviously could not impair the traditions of either.
Alfred & Co. are the bankers. Alcohol. U. S. Industrial Alcohol Co.. controlled by Air Reduction Co.
is the largest producer and distributor of industrial alcohol. Its
products are used for fertilizers, motor fuel, lacquers, anti-freeze
compounds. Last week, its dominant position was approached by
Rossville Commercial Alcohol Corp., newly organized to acquire Orange
Grove Refining Co., Seaboard Chemical Co., Industrial Chemical Mfg.
Co., Rossville Co., Federal Products Co. Chain Groceries. By adding last week the 62 units of the Cupp Grocery
Co. , to its chain, American Stores Co. brought its
total of stores to 2.500. Soft Drinks. Three beverage-bottling companies last week agreed to
unite: Carl H. Schultz Corp. , Schoneberger & Noble Inc. , Brownie
Corp. . President E. C. McCullough of
the holding company, American Beverage Corp., announced that these
three are only the beginning of a nationwide soft-drink chain. British Railroads & Busses. U. S. railroaders dared but admire, not
imitate, the action of British railroaders who now are buying control
of all motor bus lines which conflict with their traffic. In England
municipalities own most of the city, suburban and even interurban bus
lines. With their authorities, Sir Josiah Stamp and Sir Ralph
Wedgewood, able, persuasive financiers both, have had on the whole
successful parleys. As for the U. S., the New England railroads have
done most to absorb or create bus lines. The severest railroad-bus
competition is along the Pacific Coast.

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