Business & Finance: Deals & Developments

Frustrate Empire. Fifth largest maker of sheet steel (used by automobile, refrigerator and metal furniture trades) is Empire Steel Corp. of Mansfield, Ohio. Empire was formed in 1927 by the seven Davey Brothers of Mansfield whose boast was that their ancestors had worked iron ever since the Romans conquered Britain. Last year when Empire was having difficulty facing Depression, Pickands, Mather & Co. of Cleveland bought the holdings of William H. Davey, estimated at 14%. In March Empire planned a reorganization, but shareholders did not show...

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