London, Mar, 20. correspondents accept the absorption of the Mackay Companies, operating 5,000 postal and telegraph companies in the United States, by the International Telegraph and Telephone Companies as a reply to the British cable and wireless combination scheme. They pate that very keen competi tion between British and American telegraph companies will develop from the merger-—Reuter, Radio C not Involved New York, Mar. 19.
Me, Owen Young, chairman of the Radio Corporation, stated today that the Radio Corporation was not involved in the merger between the Mackay Companies and the International Telegraph and Telephone Compaties, but approved the taken. He expressed the that a combination of United ind wireless systems, was inevitable.
The Report Confirmed The cables merger -annouree yesterday is officially confirmed.
'A wireless service.will be "erated to supplement the existing cable system.
The plan contemplates the Mr. Clareni outstanding stock of the companies controlling the subman and land Tines of the commercial undertaking and eventually the for-motion of a new international-cable company also under Mr. Mackay te take charge of commercial cables.
—Reuter.
Text read from the printed page and cleaned; old type leaves the occasional error.