Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-03-11
COMBINE OF STEEL
FIRMS IN BALANCE
Meeting Tomorrow to Decide
Bethlehem and Youngstown
Merger Proposal.
BY JOHN F. SINCLAIR.

NEW YORK, March I'LL the Betn-
lehem Steel Corporation and the Youngs-
town Sheet & Tube Co. agree tomorrow
on the plans for billion-dollar merger,
it will mean a lot to the Eaton-Mather-
Otis interests of Cleveland, which have
been attempting to include the Youngs-
town company in their new Republic
Steel Corporation.
Bethlehem Steel is ambitious. Eugene
Grace does not expect to sit by and
see others take the lead. Republic Steel
Corporation has had plans for the &C
QUESTION of both the Youngstown COM
pany and the Gulf States Steel Co.
Succeeding, they would challenge the
position of the Bethlehem Steel as the
second largest steel corporation.
The Youngstown company owns and
operates 52S coke ovens, 3 coke by
product plants, ore treating plant, 10
blast furnaces, / wasted metal plant, 81
steel works, l electric furnace, IS roll
ing mills, 25 puddle furnaces, 26 tube
mills, 3 conduit departments, wire
mills, 10 galvanizing departments, l
spring works, roofing department ana
miscellaneous plants.
coking coal land, 4,005 acres of steam
and gas coal land and the entire stock
holdings of 80 subsidiary companies. In
addition to this, the company has stock
holdings varying from Is TO rs per cent
in IA iron ore mining companies in
Michigan and Minnesota.
Very much in the picture sits James
A. Campbell, rs, president Of the
youngstown Sheet g. Tube Co., deter
mined, quiet man who knows steel
and a member of the board of directors
of the American Iron g. Steel Institute.
who's Who" gives him just four lines.
Tomorrow viii tell the story.
]. Herbert Case, 81, the new chairman
of the Federal Reserve Bank Of New
York City, who succeeds @. w. McGar-
rah, has been senior deputy governor
of the bank for Is years and has acted
late Gov. Strong was in Europe.
The new chairman Is q technician
rather than a big business executive.
He has had supervision of the auditing
statistical work, public relations and ex-
aminations. He is considered friendly
to research, more so than many Federal
Reserve officials in the past have been.
In the field of public relations Mr..
Case Is particularly adept. He realizes
the value of the right kind of pub
licity, and to the reporters who see
him he always gives some worthwhile
information.
Herbert Case and George L. Harri-
Son-chairman and governor, respec-
lively, Of the largest Federal Reserve
bank-make a smooth working team.
Miss Marion H. McClench of Ann
Arbor, Mich, president of the National
Federation of Business and Professional
WomenS Clubs, says that there are
enough women on the pay rolls Of
retail stores in the United States" to
make a city the size Of Cleveland or
st. Louis.
"They and the bookkeepers, typists
and stenographers, would AL the City
of Detroit. Over one million women
are engaged in agriculture and animal
women in manufacturing as there are
in the whole metropolitan area Of
Philadelphia" Miss McClench declares.
The banking field has not been
neglected. Should all the women EN-
ployes engaged in banking line up in
single file they would make Q process
sion Of 3l2 miles long.
Other industries In which woman
workers share largely are: Transports
ton, 100000; public service, $4,000;
artists and art teachers, $4,000: college
presidents and professors, 10000; ply
sicians and surgeons, 5000; nurses
$50 900, and teacherS-the largest num-
ber-more than $4,000. all developed
in period Of less than so years.
(Copyright, 1880, by North american News
paper Alliance)
MERGER IN DOUBT.