The diamond drill., 1921-12-10
REPORT IS THAT THE PIckANDS
MATHER WILL DOMINATE IT
WILL TAKE UNTIL APRIL 1
Negotiations Between the Several
Concerns Entering the Combine
May Delay Mine Opening

The merger OF several SO called in
dependent steel companies now seems
to be assured. Latest reports are TO
the effect that the negotiations have
gone beyond the preliminary talk
stage. The owners have their pencils
out and are getting their figures ar
ranged.
Mr.. j. A. Campbell. president OF the
Youngstown Sheet & Tube Co. says.
1t Is not expected that details will
be available before next April.
"Details cannot be worked out in
a day." said Mr.. Campbell Wednesday
About the first or next April will
see something definite in the matter.
No firm of attorneys can work out
a plan for a steel merger. The
steel manufacturers must work II out
for themselves"
Directors Discuss Plan
Various phases of the proposed
amalgamation were discussed this
week by directors OF the Brier Hill
Steel company, also regarded as one
OF the constituents of the combina-
tion.
when steel makers were recent
ly in New York." Mr.. Campbell con-
tinued, we were approached by var
ious people. including bankers, willing
TO discuss a merger plan. We have
had talks regarding the merger, its
possibilities and It's advantages.
Should there be merger. 1t will be 10
the best interest OF the plants involved
Under no other condition would con-
solidation of interests be considered"
In its current issue. the Bulletin pub
lished for the employees of the sheet
and tube company, contained this an
nouncement:
Advantages In Merger
There has recently been a great
deal of talk concerning projected
combination OF large steel companies,
in which the sheet and tube company
is always mentioned as an important
unit About all that can be said on
the question is that. should any such
combination be made. Il will be based
on the mutual interests OF such COM
panies as may be concerned and will
be made only with view to- strength
ing the competitive POSITION OF these
companies which will be 70 the ad-
vantage of their employees"
Mr.. Campbell points out that one OF
the big advantages OF the merger
would be in the distribution of the
products.
"The Sheet and Tube company, for
instance" he said, has large num-
+, ber OF customers in Chicago. west and
southwest. who could be supplied from
a Chicago plant, with the products
from the Youngstown district plants
diverted elsewhere. This would be
in line with the best distribution OF
products In competition with the cor
poration and would justify the com
bination"
May Delay Mine Opening
The perfection OF this merger may
delay the opening OF the mines owned
by the several interests that propose
to enter the merger until something
definite Is known as to the part each
is TO play. The mines most affected
in Iron county are those controlled by
the Pickands-Mather interests.
The Balkan Mining Co is affiliated
with the Youngstown Sheet and Tube
Co. and the Verona Mining Co with
~. r.cayo,.o.o cton1 kntk r~nv,tunut
units In the proposed merger. The
properties constitute the most import
ant portion OF the mines On the wes'
side OF the county. at Alpha and Amasr
IL was confidently expected that these
properties would open, or some o'
them would. Dec. /. The reason for
the delay Is said 20 be the uncertlin
~ due to the proposed merger
May Affect Many Mining Mn
Speculation IL rife as TO what the
result will be IN the mining sections
with the merger completed. AS nearly
as can be learned the Pickands- -Math-
er interests will dominate the new
combination which probably Will
mean the retention Of the Piekands-
Mather mining organization.
Among the units that seem most
probable 10 go In are the Midvale the
Inland and the Steel a. Tube Co. Of
America, Although there is some
question as 10 the latter. II Is also
intimated that the Cieyaland-Ch Gifts.
which In in way connected with the