Business: Dodge-Graham

Already the motor companies are feeling that if they don't hang together, they may all hang separately. Conditions favor large consolidations, well-rounded output. Accordingly, Dodge Bros., Inc., have purchased a majority interest in

Graham Bros., large independent truck manufacturers.

The cash was provided by indefatigable Clarence Dillon of Dillon, Read & Co., whose purchase and sale of the Dodge concern last spring aroused lively interest everywhere. How much cash it took to purchase the Graham Bros.' control was not stated.

The acquisition of the new truck subsidiary makes Dodge Bros., Inc., the third largest...

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