Word: steele
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Dates: during 1920-1929
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Central Alloy Steel...
...Trumbull Steel...
...Otis Steel...
...Great Britain the shipbuilding, armament and heavy engineering industries still suffer the after-effects of the War. As result the British iron & steel trade (notably Vickers Ltd., and Armstrong, Whitworth & Co.) has suffered. Last year and the year before Armstrong, Whitworth had heavy losses. Vickers's earnings have been so poor that the company two years ago reduced its capital from $128,420,000 to $88,396,287, in order to make its dividend rate look respectable...
These companies, as well as other British iron & steel concerns, might have joined the European Steel Entente formed a year ago (TIME, Oct. 11, 1926), and prospered. That entente, which lasts until April 1, 1931, includes iron & steel industries of France, Germany, Belgium, Luxembourg and the Saar. They agreed to limit their production in accordance with the volume of demand; they have made money. Whereas until 1924 Great Britain exported more iron & steel than any other European country, in 1925 France took the lead. Last year Germany became leader (5,348 metric tons). However, England's coal strike last...