etc. The annual productive capacity of this industry is about 750,000 tons, of which this Company has a pro- ductive capacity of 150,000 tons. About 1,000 men are employed. While the Company is capitalized at only $300,000, it has an invested capital of something over $5,500,000. and was incorporated in September 1889. CRUCIBLE STEEL COMPANY The Crucible Steel Company of America was incorpor- ated under the laws of New Jersey on July 21, 1900, and zapitalized at $50,000,000, equally divided between com- mon and preferred stock, to manufacture and market Crucible and Open Hearth steel and iron. It controls many subsidiary companies, including the Pittsburgh Crucible Steel Company, with a capital of $5,000,000. Its annual report for the year ending Aug. 31, 1919, showed gross profits of $14,093,006; and net profits, after charges and appropriations, of $9,574,208. Its property, in the balance sheet, is valued at $85,168,741, and total assets are $130,046,021. Its Pittsburgh plants are the Park Steel Company, Crescent Steel Company, LaBelle Steel Com- pany, and Singer-Nimick & Company, Inc. The Anderson- DuPuy Company is located at McKees Rocks; the Pitts- burgh-Crucible Steel Company at Midland, Pa., and the plants of the Crucible Fuel Company, at Crucible and Glassmere. Pa. EDGEWATER STEEL COMPANY The plant of the Edgewater Steel Company is located at Oakmont, a suburb of Pittsburgh on the Allegheny River, where a modern equipment is installed for the pro- duction of its specialties. All steel used in the various products of the Company is manufactured in the plant. The Company turns out steel tires for locomotives and railroad cars, and solid rolled steel wheels for freight and passenger cars. These manufactures are produced on special mills of the Company’s own design, which involve many novel features. The Company also manufactures forgings, forging ingots, and a complete variety of steel castings. This Company was incorporated under the