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Show -' 2 J ... -!- oii.. .. 1 1 : WMti' Lcljrnst Viu Ilcrc Tiih th: it Ic Company With Capital cf.$O,C0a,CCD. - NEW YORK,- April L After years of ! negotiations a deal has just been consummated con-summated by which the seven sons of Meyer Guggenheim, who died, ft - few days ago, have achieved. In conjunction conjunc-tion with their allied Interests, a union of the National Lead company, com-monljr com-monljr known aa -the "White' Lead Trust." capitalised at $30,000,000 with , ; - .. the United Lead company, a Guggenheim Guggen-heim concern, the'total authorised capital cap-ital stock of which is $25,000,000. Formal For-mal statements giving the details of the merger will be issued immediately. It is believed the capital of the holding company will be about $40,000,000. The consolidated concern will be known as the National' Lead company. President Cola and moat of the other officers of the present National Lead company will hold the same offices in the new company, it Is said. The Guggenheim, Gug-genheim, however, wpi dominate 1 the directorate. ' Through the organisation of the Guggenheim Gug-genheim Exploration company which was later. taken into the' American Smelting and Refining company, . the Guggenheim Interests secured control of the pig lead business which aggregates aggre-gates about 260,000 tons a year, valued at $25,000,000, of which 140,000 tons are turned Into mechanical products, such as sheet lead, lead pipe solder, bullets, shot; etc and the llO'.OOO tpns into chemical products, ' Including white lead and litharge. ' The new deal brings Into combination the old National Lead company, which makes about 65" per cent of the cheml cal lead products of the country and about 15 per cent of the mechanical products, with the Union Lead and Oil company, which practically controls 65 per cent of the mechanical product business bus-iness and 15 per cent of tha chemical output. |