Show NEW DOLLAR BILLION STEEL MERGER TALK CLEVELAND April 28 T f iTi Prom Prom- figures In the steel industry professed to be mystified today by reported negotiations for a billion billion- dollar merger Involving five of the country's largest steel companies The negotiations were reported in he the Washington Post as having been brought to the attention of the dc- dc of justice The Post said he the merger was tentatively outlined by representatives of Cyrus S. S Eaton of Cleveland who defeated a proposed pro pro- posed merger two years ago of Youngstown Sheet Tube company with the Bethlehem Steel corporation Companies involved in the new ne negotiations ne- ne according to the Posts Post's in formation are arc Sheet Tube the Republic Re Re- public Steel corporation the Jones fi 5 Laughlin Steel corporation Inland Steel corporation and the American Rolling Mills company j Persons dote to Eaton said sad last night however that they knew nothing noth noth- ing of any such plans A similar statement was given by Henry G. G Dai- Dai ton toll chairman of Sheet Tube A merger such as described by the p Post ft w would uld create a steel concern with an ingot capacity of tons a year second Ill in size only to the United States Steel corporation PITTSBURGH April 28 V dais of the Jones Steel corporation denied emphatically today to to- day that their company is interested in irs a monger merger with other steel concerns They said reports involving Jones 8 Laughlin in m merger plans have anC an- an ap- ap and C from time to time for r years that the present rumor contains n no more truth than have ha those of cf the past |