Business: Steel Deal

Few & far between lately have been the big mergers which characterized 1928 and 1929. Last week however there was announced a deal of major significance, of major size, in a major industry. Bethlehem Steel Corp. bought McClintic-Marshall Corp., steel fabricators, for $32,000,000, thereby became a bigger competitor of U. S. Steel Corp. than ever before.

In 1900 Andrew William Mellon was already a tycoon to be reckoned with. He was 45, lean and quiet. The Union Trust which he had founded eleven years prior had grown...

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