Business: Y. C. M. & G. M. C.

Rumor had it (and the chiefly interested party—John Hertz—refused to make denial), that the Yellow Cab Manufacturing Co. — makers of the vivid yellow things that flit the streets of the nation's cities as their meters tick off fares—was to be merged with the General Motors Corp.

The Yellow Cab Manufacturing Co. controls the Yellow Coach Manufacturing Co., (makers of busses) and the Yellow Cab Co.'s in this country. The stock of the Yellow Cab Manufacturing Co. is worth about $28,000,000. The rumor as promulgated in Chicago had it that the merger was...

Want the full story?

Subscribe Now


Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!