Clipped From Hamilton Evening Journal
e p a r t m e n t but Ave- u n u e i n g t m e n t but of the _ o New Company The Wall Street Journal, publication publication in the world of business, speaks of tho recently organized General Machinery corporation, in a recent issui? as follows: "Nilee Tool Works, which has been showing red ink* in its a n n reports for several years* has been taken orer by General Machinery Corp., which also acquired the Niles Gear Co., Hoorai, Owens, Rentsch- Ipr Co., and Hamilton Press Co., whose pinnf'S adjoin the Niles Tool Works. In'exchange the Niles-Bc- ment-Pond received a large block of General Machinery A stock. This company manufactures c e r t types of steam engines, glass machines, machines, presses, automobile body' parts, Diesel engines. and sugar machines. The three products last mentioned are in heavy demand and General Machinery 13 operating at or near capacity in most departments. departments. Kiles-Bement-Pond thus has disposed of an unprofitable subsidiary subsidiary in exchange for securities of concern w i t h a going and profitable profitable business.