A BIG COMBINE.

Hawera & Normanby Star, Volume XLII, Issue XLII, 29 April 1922, Page 5

A BIG COMBINE.

NEW YORK, April 28

The New York World states that fourteen of the largest independent steel companies in the United States, including the Mid vale and Republic ' iron and s£eel companies, will shortly j form a combination of an aggregate value of eight hundred million and a billion dollars. The corporation will J be second only to the United States j Steel Corporation. The movement, 1 which is due to a desire to reduce | overhead costs and gain greater efii- ! \ ciency, was begun previous to the war, , but large .profits arising from the war [ held the matter in abeyance until the present "Lean years.