Word: longdrawn
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Steel Shift. Siding with the Youngstown Sheet & Tube management against Cyrus Stephen Eaton in the longdrawn Youngstown-Bethlehem merger fight, have been Pickands, Mather & Co., Cleveland ironmen. Last week Pickands, Mather & Co. acquired a substantial interest in Empire Steel Corp. (not to be confused with Canada's British Empire Steel Corp. Ltd.) whose six plants are in the heart of territory covered by Mr. Eaton's Republic Steel Corp. Empire specializes in sheet steel for the automobile, refrigerator and metal furniture trades. It was formed in 1927, soon acquired several small steel companies...
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