EXHIBIT 23.1

                   INDEPENDENT AUDITORS' REPORT ON SCHEDULES
                   -----------------------------------------



The Board of Directors and Stockholders
Continental Can Company, Inc.:


Under date of March 1, 1995, we reported on the consolidated balance sheets of
Continental Can Company, Inc. and subsidiaries as of December 31, 1994 and 1993,
and the related consolidated statements of earnings, stockholders' equity and
cash flows for each of the years in the three-year period ended December 31,
1994, as contained in the 1994 Annual Report to Stockholders.  In connection
with our audits of the aforementioned consolidated financial statements, we also
audited the related consolidated financial statement schedules as listed in the
accompanying index.  These consolidated financial statement schedules are the
responsibility of the Company's management.  Our responsibility is to express an
opinion on these consolidated financial statement schedules based on our audits.

In our opinion, such schedules, when considered in relation to the basic
consolidated financial statements taken as a whole, present fairly, in all
material respects, the information set forth therein.

As discussed in notes 1(i) and 13 to the consolidated financial statements, the
Company adopted the provisions of Statement of Financial Accounting Standards
Nos. 112, Employers Accounting for Post-Employment Benefits, on a prospective
basis in 1994.  Also, as discussed notes 1(h) and 13 and notes 1(d) and 10 to
the consolidated financial statements, the Company adopted the provisions of
Statements of Financial Accounting Standards Nos. 106, "Employer's Accounting
for Post-Retirements Benefits Other Than Pensions" and 109, "Accounting for
Income Taxes", respectively, on a prospective basis in 1992.



                                         /s/   KPMG PEAT MARWICK LLP



Jericho, New York
March 1, 1995

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