STEEL COMBINE.

Feilding Star, Volume XVIII, Issue 4576, 29 April 1922, Page 1

STEEL COMBINE.

FORMED IN AMERICA.(By Electric Cable—Copyright) fAust. and N Z. Cable Association.; New York, April 28. The Now York World states that 1-1 of the largest independent steel companies in the United States, including tho Midvale and Republic Iron and Steel Companies, will shortly form a combination of an aggregate value of between "800,000,000 and a billion dollars. The corporation will bo second only to the United States Steel Corporation. The movement, which is due to the desire to reduce overhead costs and gain greater efficiency, was begun previous to the war, "but the large profits arising from the waj held the. matter in abeyance until the present lean years.