Business & Finance: Underwood-Elliott-Fisher

Directors of the Underwood Typewriter Co. last week asked their stockholders to meet Dec. 15 to approve merger with the Elliott-Fisher Co. (general office equipment) as the Underwood-Elliott-Fisher Co. The new corporation will match Remington Rand Inc. created last spring from Rand-Kardex (visible indexes), Baker-Vawter (filing cabinets) and Dalton Adding Machine (TIME, Feb. 28). It is possible that Underwood-Elliott-Fisher may round out their office equipment business by inducing Burroughs Adding Machines, International Business Machines and Yawman & Erbe (filing cabinets) to join them.

Thus there will remain but two U. S. companies making typewriters only—L. C. Smith & Corona Typewriters Inc. and the Royal Typewriter Co. The Victor Adding Machine Co. also makes the Victor portable typewriter.