Word: bethlehem
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Dates: during 1920-1929
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...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. Last week a portion of the merger rumors came true in the formation of Republic Steel Co., Eaton consolidation which, though still considerably smaller even than...
...Bethlehem...
Last week the preferred stock, now dividendless, sold as low as 21 while the common, now Durantless, went to 4. Although both stocks had already suffered during the break, last week's decline had its own reason-"friendly" receivers were appointed as the result of a petition by Bethlehem Steel Corp., said to be a $400,000 creditor. In this receivership there was not evident the aftermath of the market's break, as had been true in the Fox trusteeship (TIME, Dec. 16), nor of poor trade conditions as in the American Piano receivership (see p. 30). There...
Last month United States Steel Corp. absorbed Columbia (TIME, Nov. 11). Last week Bethlehem Steel's Eugene Gifford Grace, then in San Francisco, announced his company would acquire Pacific Coast Steel and its subsidiary...
Already entrenched on the Pacific Coast through Bethlehem Shipbuilding Corp.'s plants in San Francisco, Alameda and Los Angeles, the purchase will bring Bethlehem into closer competition with its five-times greater rival, U. S. Steel. Open to the competitors lie not only the rich Pacific Coast but the Far East...