Jasper County Democrat, Volume 5, Number 31, Rensselaer, Jasper County, 8 November 1902 — BIG BEEF COMBINES. [ARTICLE]

BIG BEEF COMBINES.

Two Consolidations Being ConsideredStock Yards to Be Merged. According to a Chicago dispatch, two big consolidations are planned by Iteef interests. Thu packers will combine first, and then effect a merger of all the stock yards In the country. With the exception of the Chicago stock yards, which are controlled in Boston, all the properties involved are owned and controlled by the owners of the principal beef packing plants. The different yards that probably will be Included in the deal, aside from the Chicago yards, are thoae at Kansas City, East St. iAiuis, St. Joseph, Mo.; Fort Worth, Texas; South Omaha and Siouj City, lowa. The iuteresf is probably the largest in the Kansas City yards. The Armours, Swift and Morris control the East St. Louis yards, the Armours aud Swifts own the Fort Worth yards, the Armours, Swifts and Cudahys control the Omaha yards, and the Swifts control those at Sioux City. While the control of the Chicago yards is held in Boston, the Chicago packers have large holdings of the stock also, and their recommendations would undoubtedly have great weight with the eastern capitalists. The plan for consolidating the various stock yards has not progressed as yet to a point where the amount of stock required has been more than discussed. It undoubtedly would run close up to SIOO,JOO,OOO, exclusive of the amount required for the original packing companies’ combination, which is said to be $500,000,000.