Word: steeled
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Dates: during 1920-1929
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Thus did Cleveland's Cyrus Stephen Eaton, a stranger to steel men, enter a business which was no less strange to him. Once in, he stayed in; acquired a controlling interest in many another steel company; created one of those vague but formidable entities known as an interest. Steel men, surveying the various steel companies included in the Eaton steel interests, began to predict a merger that would leave United States Steel and Bethlehem Steel no longer so pre-eminently first and second largest steel companies that the position of third largest carried with it only a statistical distinction...
Constituents of Republic Steel Co. are Republic Iron & Steel Co., Central Alloy Steel Corp., Donner Steel Co., Inc., Bourne-Fuller Co., Trumbull Cliffs Furnace Co. and their subsidiaries. Outstanding statistics (approximate...
Republic Iron & Steel is the keynote of the new structure. Organized in 1899, from a merger of 24 small steel companies, chiefly in Ohio and Indiana, the company last year went through a rapid expansion program which included acquisition of Trumbull Steel Co. and Steel & Tubes, Inc. There were also continuous but as yet unfulfilled rumors of a merger with Youngstown Sheet & Tube Co., in which Mr. Eaton is also interested. Republic Iron & Steel showed a net of $4,642,000 in 1928 and a net of $8,667,530 for the first nine months...
Central Alloy Steel Corp. is the leading producer of steel alloys and is one of the several U. S. steel companies 'licensed by Germany's Krupp Works to make the new nitralloy and nirosta (stainless) steels. The new Republic company is forming a subsidiary, Republic Research Co., which will specialize in the development of alloy steels and will be headed by Frederick J. Griffiths, Central Alloy's board chairman...
...Republic-Youngstown amalgamation, which has on several occasions appeared all but ratified, may yet be arranged, and Chicago's Inland Steel Company, in which Mr. Eaton is heavily interested, is also a potential member of the combination. The Republic group at present lacks a rail-making member-a gap which Inland would fill. Present ranking of the leading steel companies...