£20,000,000
London, Oct. 11, is officially announced that the! merger between Messrs. Dorman Long & Ca., and Messrs. Bolockow, Vaughan &'Co., two of the biggest fron and steel firms in England, has been completed subject to the approval of the shareholders, The capital of the two com: is over £20,000,000 and their combined plants have a productive capacity of 3,000,000 tons of steel and 2,000,000 tons of pig iron New York, et, 12.—Reports to circulate that an early reduction of the rediscount rate is impending. To-day, Columbus Day, is being observed as a national holiday and the New York Stock Exchange is closod.—United Press.
Loxvox, Oct. 11.—The Board of Trade returns for September were: Imports. £98,368,000, Exports, £35 104,000, "These figures show a decrease of £2,625,000 in Imports and 8 decrease of £740,000 in exports compared with August-—Reuter.
Ix order to compete with fon shipping firms, the China Ber: chants S.N. Coy recording to the Vernacular press, recently sent a representative to approach the vari. fous Chinese shipping firms in Bane ow, Tehang and Chungking with a tugrestion that "they should amalgamate their interests sofa as the upper river is concerned This man's mission has been sues fal, says the report, for the Chinese companies have agreed to place themselves under the guidance And direction of the CALSN, Ca. 'As soon as a united Chinese ahipping firm is organized, " Chinese-fawned ships, which were' compelled to suspend service "because of the losses suffered as a result of the een' competition of "the, foreign hoor, will again be put into, ner
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