BUSINESS IN AMERICA
SOME LARGE INSOLVENCIES
NEW YORK, 19th December. With the announcement to-day of the bankruptcy of the International Combustion Engineering Corporation, with a capital of 43,000,000 dollars, the third largest insolvency of the week occurred. The American Piano Company, one of the largest producers of instruments in America, with a capital in excess of 3,000,000 dollars, and the Sonora, Corporation, the noted producer of phonographic devices, were the other concerns involved. The Combustion firm was reported to be solvent, but was unable to obtain the necessary capital. The concern entered into a receivership in equity, following an application" filed by the Bethlehem Steel Company of Chicago. •
[The International cabla news appearing In this Issue la published by arrangement with (ho Australian Press Association and the ,"Sun"-"Herald'! N«u Seraina, TjmitodJ
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Bibliographic details
Evening Post, Volume CVIII, Issue 150, 21 December 1929, Page 9
Word Count
131BUSINESS IN AMERICA Evening Post, Volume CVIII, Issue 150, 21 December 1929, Page 9
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