The Courier News from Blytheville, Arkansas on August 16, 1934 · Page 3
Get access to this page with a Free Trial
Click to view larger version

The Courier News from Blytheville, Arkansas · Page 3

Publication:
Location:
Blytheville, Arkansas
Issue Date:
Thursday, August 16, 1934
Page:
Page 3
Cancel
Start Free Trial

Page 3 article text (OCR)

THURSDAY, AUGUST 16, 1934 BLYTBEVlLLl, (ARK.) COUBEEB NEWS PAGE THREE 1RUST 1 FDE FOR SIR In Mellon-Ruled Aluminum Industry Huge Company Dominates Aluminum Industry In United States BV WILLIS THORNTON NBA Sfrvke Staff Correspondent PITTSBURGH. Aug. 16 — T." average man thinks of tire strike against the Aluminum Co. ol Amer lc» as a strike against "Andy Mel Ion's company." That wante to be made cleaver. First, the Aluminum Co. Is by no means ihe largest of the Melton companies. Its quarter billion dol- Ur assets are dwarfed by Ciulf Oil tiA the Koppers companies. Seconr.. officials of ir.e Aluminum Co. here will assure you trai the whole Mellon family owns only about 33 per cent of the stock In the Aluminum Co., and that by fur the largest single block, about 'Si per cent, is that of the estate of Charles M. Hall, brilliant Oberlin college student who discovered the process on which the output of the Aluminum Co. is based. So it Is highly doubtlul whether official stock control of this huge corporation rests in the Mellon family at all. though In most, such coi'iwrations a holding cf 30 per cent is ample lor actual ''working control." Despite the figures, no one r.cr? questions the domination of Mellon interests over the Aluminum Co. TWO OF FAMILY ON BOARD A. w. Mellon, the former secretary of the treasury, does not sit on the board of directors, and since the deatli of his brother. R. B. Mellon, only two-of the Mellon lamlly remain on the board. They are Richard K. Mellon, son of R. B., and David K. E. Bruce, the husband of Andrew Meiion's dniigr.tcr, Ailsa. In the popular view, the Aluminum Co, is the world's tightest monopoly—the "Aluminum Trust." Whether this is true would better be left to the courts to decide. Tr.oy are now trying in do that in a suit by the Baush Machine and Tool Co., a competitor, which has just won a retrial of monopoly charges. Attorney General Homer S. Cimi- mings, who used to represent the Baush pe.pple, is supposed to be considering' (anti-trust proceedings against the huge corporation. Its officials, However, contend that since its basic paints expired many years ago, there is nothing to prevent any competitor from going into business. against it. . Certainly the Aluminum Co. is a beautifully integrated industry from the industrialist's point of view, and a great part of its utter dominance of tr.e Held lies In the fT-t tnat It practically created the field itself. MELONS DEVELOPED FIELD When Charles Martin Hull, the student, invented the process for extracting aluminum from bauxite Above is a scene in one o! the Aluminum Co. of Amcricii plants with molten motnl being poured In one of the procesr^s of ahiiuiwm manufacture. With a steam shovel in operation and a dinky engine standing ready u'itli its train of cars, baux itc is being mined here by the open pit method on land of t^c Aluminum Company of America in Arkansas. in development of magnesium alloys even lighter than aluminum. It lias Ihiv folSovvlng American .subsidiaries: United States Alutni- num Co, Utensil Repiibli i 1 !? Co ,ship Co., Aluminum Ore Franklin Fluorspar Co. wood, Tenn.. nucl on the Sagwnay River in Canada. Other principal mills include those at Alcoa. Tenn.;' Messina. N. Aluminum CcoEcingiY.. and Badin, N. C.. while fabri- distributed to the various smelting plants. MONOPOLY IS DKNiF.D Up to this point, nnd In production of new "virgin" aluminum' from the raw ore. tlie Aluminum Co. has an admitted monopoly. Bui Us olflciuls point out that 75 per cent of all aluminum products are made from £crap aluminum, which the company contends it cannot control. Its rci»rls show no profits to common .stockholders, of which there are about MOO, since 1930, when $1.93 a share was paid. Despite an operating profit, writeoffs for depreciation brought a deficit of $4.88 for each of the 1,472.025 common shares last year, anil no dividend was paid. Tins'stock, which ran up to 539 in the 1929 boom, is now around 55. It has never been a big dividend-payer, because profits were put back Into the business. The entire organization numbers some 30,000 employes. The Council of Aluminum Workers uniting the unions in various crafts in tl;e scattered plants, claims n big majority of llie.se workers. Through many a legal • assault from competitors, and many a prosecution charging monopoly, the Aluminum Co. has come unscathed. Now it faces what looks like s own work- sil Co., Aluminum Seal Co.. ] eating plants are at Edgevvaler and !,%,;:"* n "hr «Mlh li blic Mining and ManufacUir- kiarwood, N. J.; Buffalo. Cleveland, ! ^ " msn "° m wlt " ' Co^, ( Ocean Dominion : Rtcnm- • Niagara Falls. Detroit, Fairfield, | _'J Co., Aluminum Ore Cn., and : Conn., and Oakland, Calif. CAKD OF TH an'JjConn., and Oakland, Calif. I At East St. Louis, 111., it has We CAKU OF THANKS , .._ wish to thank our friends It owns the controlling stock ofithe largest plant, in the world for f or j^g kindness shown us during the Alton ,t Southern Railway Co., j :educing raw bauxite to alumina. m lc , <]ealh of our wife and daugh- and the St. Louis & Ohio River'n powdery oxide. Most of tr.c bans-!( C1 . [, n( ] f 0r ifa beautiful floral of- Hnilway Co. j ite now comes by ship to New Or- f er in2S. we especially wish to thank OWN'S HUGE PLANTS I leans from the company's fields in I u- c R ev . Jo( , Nclhcrlaml for hi: The principal producing plants! Dutch Guiana. [consoling words, ^center aboul Pittsburgh, at Arnold.] Tnc American deposits around j S. C. Shanks, husband clay, he didn't know where to go jLogans ferry, and New Kerning- Hermitage. Oa.. and luuxile. Ark.. Mr. and Mrs. John Red from there. He hadn't any money.l' 0 "' Because plentiful electric now- are more or less held in reserve. dick, parents and uolxxly wanted his aluminum cr is '• CC(ic<l in extracting alumi- From New Orleans, the clay is James, Mike and Rex if he had been able to make it l lnli " from iLs orc ' bauxite, power barged up the river to East St. Douglas, brothers That, was where Andrew and R.jP 1;lnts ll;lve b?rn built at Caldcr-1 Louis, and the resulting alumina is' Dorothy and Jean, sisters B. Mellon came into the picture. 1 They had the money. They built i the small plant where Hall began' to make the new metal (it had formerly been a curiosity, even used for jewelry). It was their money and their business ability that develo^d markets and made possible research into new alloys and uses for the metal. For aluminum is a metal which, coming into the industrial picture late, has gradually supplanted other materials. And it is in Ihe "know-how" of these new alloys and processes that the Aluminum Co. "monopoly" !i?s. as much as in its ownership of most of the best deposits of bauxite in this country nnd South America SPREADS AROUND THE WOUU) It is now a world' org!ini;.nlion. 11 owns a Canadian subsidiary Aluminum. Ltd., and it is charged that tlroiigh this it ij j n position to join cartels and make agreements tending toward elimination of world competition, especially with France, a large producer. Tlie company contends that the Canadian and American corpor- tlcns are separate, but ix>th are closely held by practically the same stockholders. It a | so works will- the German I. G. Kivben Industrie A i|F YOUR BREATH HAS A SMELL YOU CAN'T FEEL WELL V>h« w> «»t too much, our^ooj (tecari (I our bowels. Our fritnih .nxl! tUi dew contrail out of our mouth .nj cl ]| i, tad brejlh. We fed the poleon o( , Wl deoy til o.er our Wjr. It m.kos uj gloomy. uroiKhT «nd no good for •nylhitiif. WUl m»kcj tht food decay in the bowcli; Well. 'ten wo r>t too mart, our bH« Jti!c« e»n t dlzcit It. Wh.l If He bile lotfe? It li the mc.t vlul dige.tivc | u | cc in Mr bodr- Unless 2 pmli of it «te (lowing from our liter Into our b-jwcl* every d»y. our n,c«m«ntl set bin! «nj roiutlnated «nd • * "' "Hf.? 00 * <«»" i" «»» l» fe« of bo««i*' Tni > decmy »em]« polton tjl oTer Mr Wl everr ill BliutM. Wten our friend, emcil our Ud brt«ln (but »e don't) ind w f feel like • wktotj tomcftt. don't QJe ft mouthwuh or Ulie • .tiutto. G«t U the CUM. Tiie Cirttr'a Little 1J»« PHIi wKIck eenUy itmrt UK- bVrtr of rotf M]« itilec. But If "lonielbicf 1« ocTertd TOO. dom't kxir it, for > Plil, ..Je Friday August / 7th CHRYSLER AIRFLOW CARAVAN j Guests 0} BLYTHEVILLE MOTOR CO. Blytheville,'Ark. The I'liWic is inviknl to visil us, day iind nielli, on l-'iiday, Ausf. 17, to view' :m claliuvalc itisplay ot the Cliry.-ilcv Airflows—Chrysler "(>" aiul Plymoutlia. Tlie.si: CMi's will lie bronchi in Blyllievilln 1>y a corps ol' Factory and Distributor Representatives Tor Uic purpose of showing otir friends Hie latest developments in automotive designing and const ruction- DAY AND NIGHT At 8 1'. M., a Free Continuous Open Air Picture Show will he given at the Court .House Yard showing "Kn-liioned by Function" picturing the actual tests in the origin and development of the Cln-yslor Airflow. "Three. A Minute" picturing the production ot" Plymouth* at the Wg Plymouth factories. "Hell Drivers" with Uar- noy Oldlield and a Plymouth. "Mickey Mouse". "A World's Fair Picture." Stay as long as, you like. See as much as yon like. Free to everyone. It's a real evening's entertainment. In case of rain show will he in Court House- PR1/KS PRI/ES 'PRIZKS Will You Ot One? Will He On Hand Ami Try. All Will Have A Ctmrl Time! A Full FREE FREE FREE PRIZES You Get It? evening Of 1'un! FREE PIGGLY WIGGLY KROGER STORE Prices for Fridai/ and Saturday LAMB Genuine Spring Leg Lb. 17!c Chops Ib. 17}c, Shoulder Ib.l2!c Bacon Kwick Krisp Sllwl Pound Cheese I'hiluilripliiii Crriim, irC '.'. 1'kRs. it) . m \Visc<]nsin (,'iTam, Pdiind Roast Kill. Pmmi! Spareribs I.can and iMealy Pound Salt Meat Pound Weiners !iiilni;n;i and KranK-i All Meal . Pound Shortening Pound Kresh, Tender Sliml Tongue I'Vosh Calf 1 to l'/ 2 Ui. Avt'r. Pound Pork Chops Coder (juls, 1QC Pound - --- 13. Kncl Cuts, IftC Pound - - - - 10 Veal chops or Roast Ib. Fresh Fish Twidcrloin Trout Cat Fish BANANAS Md -°-? h ? 5 i; IV 1'ivsh ItltfK'll }rn Fancy. While . Hi I.h. SUPER SUDS Oval 2 <';ms MAY 'ONNAISK MAKKRS SS 49 f Tender *)IC RftUI'j U>. S> ONIONS Veli " w CELERY •'" " s S h W cft-Ai> (:r - vs|!i! White f; c; jOlml •>. 'Ma. liars J MEAL .,,,, RBrk 48 ( C. c. -IK: No. I Can 14 Hod U) LIMES- "" FrCHl V h 1 (: Crisp 9 < Uroiind or Whole 1 |TC 2 for It) Seminole ICVlUl^i . 'I Rolls PAROWAX> L Yt25 c SPECIAL Frc'iu'h, Lb. - 2,1 c Jewel. I.h- - - 2(H- Ji:\vvl, :! i.h.s. - :"iSc Palmolive SOAP 3 Oars Me Lemons Calif. Sunkist 1.iiri;t- and Juicy Do/en Oranges C;tlif- Valenviiis Juicy Thin Skin Coffee Country Cluh 1-1,1).'Tin Peaches Avonilale. rue •IVt Can Kat-h And Mayonnaise Tlowl Deal 3Hc Corned Beef HASH Armour's Can 14c CRAPE JUICE W S If KIDNEY UKANS c. c. inc. :! Cans U BREAD w - Tt/rlO PLUMS "'T^ct. If VINEGAR n "L, on IT \l\\Z n«/. T(lAMS' i " 2; 'i:::23 :l Small or f fi \;.^<v 1 / f *|/r Anulc Food OftC \jt\l\fj Me VahieJD GINGER ALE ^.e 10 C SALMON 1>in 2 k can,25 (; JAR CAPS. Do/. 2ru' 1UIHHKUS. Dox. - :"K- FRESH BREAD'S 10° ERUIT JARS Quart Dozen FLOUR s ' lv -,SS Asst. Flavors .T for FRUIT c - c No. 2 Dm. 2 for Pineapple Avon dale 2 r . Can Knell 1'nre Cane 1(1 I'numSs Fruit Salad c. c- •IVi Can Kadt Butter C. C. Itoll or Quarters Cresla, I.h. • 32c I'onnd P ie Cher ties 19c WescoTea ^ Mustard Quart Jar Crystal While •1 l,;irgc Bars Olives Full Quart •Jar

Get full access with a Free Trial

Start Free Trial

What members have found on this page