BIG COMPANIES FAIL
THREE CRASHES IN WEEK IN AMERICA HUGE CAPITAL INVOLVED NEW YORK, Thursday. With the announcement today of the failure of the International Combustion Engineering Corporation, with a capital of over £8,600,000, the third and largest insolvency of the week occurred. The American Piano Company, one of the largest producers of the instrument in America, with a capital in excess of £600,000, and the Sonora Products Corporation, a noted producer of phonographic devices, were the other concerns involved.
The Combustion Corporation was reported to be solvent, but unable to obtain necessary capital. The concern entered a receivership in equity, following an application filed by the Bethlehem Steel Company.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/SUNAK19291221.2.101
Bibliographic details
Sun (Auckland), Volume III, Issue 852, 21 December 1929, Page 11
Word Count
110BIG COMPANIES FAIL Sun (Auckland), Volume III, Issue 852, 21 December 1929, Page 11
Using This Item
Stuff Ltd is the copyright owner for the Sun (Auckland). You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International licence (CC BY-NC-SA 4.0). This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in