Business & Finance: U. S. Iron & Steel

Iron & steel giants of the U. S. groped towards mergers last week. Directors of the Trumbull Steel Co. and the Republic Iron & Steel Co. decided to consolidate; and Youngstown Sheet & Tube Co. sold $75,000,000 of bonds through Kuhn, Loeb & Co. That was the biggest piece of industrial financing of the year.

Republic Iron & Steel is itself a consolidation, accomplished in 1899, of 24 iron & steel companies. Once it made only steel bars. Now it makes diversified products. It has plants in Ohio, Pennsylvania, Indiana, Alabama and Illinois, and...

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