The Birmingham age-herald., 1911-03-02
MERGER RUMORS
 ARE PERSISTENT Hoadley-G y-Grenfell Party To
 Remain Two Weeks CANADIANS COMING Prominent Capitalists of the Domin- ion Will Join Inspection Party
 Here Today-Big Invest
 ments Considered Likely
CANADIANS COMING

The party of industrial men and finan- Hoadley, president of the Alabama Con soidated Coal and Iron company, and Cecil Grenfell, chairman of the board of directors of the Southern Iron and Steel company, will remain in the Birmingham district on the present trip of inspection for two weeks.
 Meanwhile the talk of possible mer- ger of the Alabama Consolidated and the Southern Iron and Steel companies is still going the rounds in local industrial cir cles. It is known that MT! Grenfell and MT. Hoadey are inclined to look favor ably upon the plan, but careful inspection of the properties in this district and min ute consideration of all details are neces- sary before any kind of definite state ment is made.
 It was stated yesterday that no an- nouncement of the plans affecting the fu- ture of the two corporations would be forthcoming until two weeks hence, when the visit of the inspecting party to the Birmingham district will be terminated
 
 merger gossip by the announcement that representatives of large Canadian mon eyed interests will arrive in Birmingham today to join the party now quartered at the Hilman. Among the capitalists who will arrive today will be F. w. Jones, president of the Dominion Iron and Steel company of Montreal, F. W Holt, pres- dent of the Royal Bank of Canada, and W. H. McQuaig, president of the Can adian Bank of Commerce of Montreal.
 Announcements of more than ordinary world are to be expected when the inves- legations of the eastern and Canadian capitalists are concluded. It is considered probable that not only will the Alabama Consolidated and the Southern Iron and Steel interests be consolidated but that extensive outside mineral holdings will be acquired, the whole to comprise a power full corporation
 While MT. Hoadley would make no statement yesterday to set at rest the current rumors. he let drop the hint that the men included in the inspecting party would be likely to consider some large
 
 lands.
 This is not the time for any discussion of a possible merger of the two com panies represented by myself and MT. Grenfel." said MT. Hoadley but the re- suit of our Investigations in this district will be explained fully when we conclude our visit two weeks hence. The gentle men in our party are all deeply inter- ested In industrial matters here, and 1t is very likely that investments of consid- | erable interest will be consummated. do not care to make any statement re- garding the merger talk at this time" MT. Grenfell had no statement to make other than that there was nothing to be given out for publicity at present. Mineral holdings in the vicinity of Mary Lee and Lewisburg were visited by the | inspection party yesterday, and the inves- | tigation tour of the district will be con | tinued today. Ample time will be taken | by the party to make a thorough inspec- ton of all properties in which they are | interested and the vist will continue | over two weeks If it is found necessary.