Steel Deal?

Bethlehem-Youngstown. Often rumored, often denied, have been reports that Cyrus Stephen Eaton's Republic Steel will merge with Youngstown Sheet & Tube, fifth largest steel company. An old rumor recently revived and denied was that Bethlehem Steel, whose position as second biggest the Republic-Youngstown merger threatened, is planning to acquire Youngstown itself. Last week it seemed definite that this tremendous merger will be officially proposed and that Youngstown's founder-president, James A. Campbell, who two years ago blocked such a merger, is neutral this time. Youngstown is closely held by large stockholders who have been set against any merger. A union with Bethlehem would plunge Youngstown into the Bethlehem-U. S. Steel war, strenuously fought in other sections.

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