'A. now industrial giant was created to-day with the merger of the Republic Steel Corporation and the Corrigan-MeKinney Steel Ca, announced here.
Although the amalgamation of the two big companies must be ratified by a majority of the shareholders of each, it was regarded as a foregone conclusion that this approval will be voted, The Corrigan-McKinney Steel Ca. also takes in the Truseon Steel Ca. which has an important position in foreign business because of its substantial interest inthe Japan Steer Products Ca.
'The new enterprise will have assets totalling approximately $323, 000,000 and will have a combined ingot producing capacity' of 6,000,000 tons annually.—Unlted Press.
Text read from the printed page and cleaned; old type leaves the occasional error.