AERONAUTICS: Motor Mergers

President Albert Russel Erskine of the Studebaker (motor cars) Corp. has a thriving $135,878,000 industry at South Bend, Ind. At Buffalo, N. Y., 450 miles away, President Myron E. Forbes of the Pierce-Arrow Motor Car Co. also has a not so thriving industry, with assets of $24,373,000. These facts, plus the reasonable inference that Studebaker might specialize on one grade of car and Pierce-Arrow on another, plus the further fact that President Erskine last week admitted he has been having informal conversations with President Forbes on the subject, indicated that a Studebaker-Pierce-Arrow merger was possible. But nothing definite has happened in...

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