Show MERGER r OF BIG FIRMS FAVORED NEW YORK 1 March By 11 II ByTho The Associated Press Press-A Press A merger of the American Locomotive and Railway Steel Spring companies bringing together two leading rail rail- railroad rail railroad road equipment manufacturers with combined d assets a set of ot approximately approximately match was ap- ap approved ap approved prove proved I by the tho directors of of both bolh companies today The rhe Th consolida consolidation tion If It approved by the tho th stock stock- stockholders stockholder holders holder will be b effected by an ex- ex chan ex-chan change of two shares shar of ot limed Amerl American can Locomotive common stock for tor tiree of ot Railway Steel Spring and anda anda II a share shar tor for share sharo bar exchange ot of preferred The Th combination will pl place cunder un under er the th active direction of ot Wil- Wil Wit Wil William liam Item 1 II Woodi Woodin a a group of equip equip- equipment equipment ment companies with total re- re resources re r resource sources source of ot almost Mr Woodin who Is head of the American Car Foundry corn com com company pany will from president to chairman of ot the th board of ot the enlarged American Locomotive company Frederick F It Fitzpat- Fitzpat Fitzpatrick Fitzpatrick rick rick heal head of ot the th Railway Steel Spring company will succeed him himas hima as 8 president |