A MAMMOTH INDUSTRIAL COMBINATION

Manawatu Times, Volume LII, Issue 6455, 12 November 1927, Page 11

A MAMMOTH INDUSTRIAL COMBINATION

There are rumours in the United States of the probable emergence of a mammoth new industrial combination with a capitalisation of 4,000,000,000 dollars which will embrace the United States Steel Corporation, and th e wellKnown E.I. du Pont Nemours Company, the loading manufacturers of explosives in th e United States. According to a correspondent of the “Manchester Guardian Commercial,’’ the war brought big profits to the Du Pont firm, and they hav e branches out in other fields of manufacture. For many years the Du Pont family have been large stockholders in the Steel Corporation. About 1917 the Du Ponte also became deeply interested in the General Motors Company, and ar e now by far the heaviest stockholders. The General Motors arc probably the largest consumers of steel products in the United States, and the suggestion is that the Du Pont family have conceived the idea of strengthening their industrial position by a merger which would include their original company, the great steel corporation, and th 0 vast motor manufacturing firm. Such a merger, it is said, would form the biggest industrial organisation that the world has ever seen.