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Show WHITE COMPANY I CHANGES HANDS I One of Largest Concerns H Manufacturing Automobiles ' jH and Motor Trucks in World jH Changes Hands. H NEW INCORPORATION H Sale of White Trucks Since H Outbreak of European, War H Amounts to Many H Millions. H Cleveland, Ohio, Nov. 36. Conlrol -WU of the White company of this city, on9 jH of the largest manufacturing concerns -WW of automobiles and motor trucks in H the world, has practically passed into H the hands of J. P. Morgan and com- H pany, New York, fiscal agents for the H entente allies, local bankers admit- H ted to'day. H It was stated by bankers that while H the deal had not yet been closed, the H final arrangements might be conclu- H ded within a week, A new corpora- H tion with $100,000,000 capital, it was V-W said, would absorb the White com- H Since the outbreak of the European war, sales of White trucks have H amounted to between $20,000,000 and fgWW $25,000,000 gross, on which profits IH have been between $7,000,000 and $10,- IH 000,000, It was said. J-W oo . H |