A BIG COMBINE.
AMERICAN STEEL COMPANIES. FOURTEEN AMALGAMATE. By Telegrapt.—Press Assn.-—Copyright. Received April 28, 8.55 p.m. New York, April 28.The New York World states that fourteen of the largest independent steel companies in the United States, including the Midvale and Republic iron and steel companies, will portly form a combination of an aggregate value of eight hundred million and a billion dollars. The corporation will be second only to the United States Steel Corporation. The movement, which is due to a desire to reduce overhead costs and gain greater efficiency, was begun previous to the war, but large profits arising from the war held the matter in ’abeyance until the present lean years, i—Aus.-N.2. Cable Assn.
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Taranaki Daily News, 29 April 1922, Page 5
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116A BIG COMBINE. Taranaki Daily News, 29 April 1922, Page 5
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