USA/Netherlands - The McKeesport Tin Plate Co. 1927/1937 - SPECIMEN 2x

Description

USA/Netherlands - The McKeesport Tin Plate Co. 1927/1937 - SPECIMEN  2x
McKeesport helped break the European monopoly on tin-plated sheets of steel --- used in cans, pots and pans, packages, and roofing material --- beginning in 1875, when America's first successful tinplate mill opened in Demmler, below present-day Highland Grove. (See "The 'Tinplate Liar' of McKeesport" in Tube City Online's Steel Heritage section.)
Crawford was an employee of the Demmler mill who in 1903 struck out on his own, founding McKeesport Tin Plate in Port Vue, at the present site of ELG Metals. Soon the factory employed more than 3,000 people, and was the largest and most successful independent steel company in the world, second only to the much-larger U.S. Steel Corp. in production of tinplate.
Beginning in 1927, McKeesport Tin Plate was traded on the New York Stock Exchange, and it paid reliable dividends of more than per share, even during the Depression.
But failure to modernize spelled the eventual end of McKeesport Tin Plate. At the Port Vue operation, workers packed small sheets of tinplate into wooden boxes for shipment. Newer mills --- including U.S. Steel's Irvin Works, which opened in 1938 --- could run off continuous coils of tinplate much cheaper and more efficiently.
That same year, McKeesport Tin Plate began losing money. Two years later, it sold the Port Vue factory to Jones & Laughlin Steel Co., and in 1941 it changed its name to National Can Co.
Issuer :
The McKeesport Tin Plate Co.
Type: 2x Dutch SPECIMEN (10 shares)
Nominal : -
Country : Netherlands
Place : Amsterdam
Issue date :
1927/1937
Cancelled : Yes
Coupons : Yes
Quality : EF, unfolded (see photo)
Shipment Worldwide
Europe
USA
China
Russia
< 100 grams
6,00
6,00
6,00
6,00
100 - 350 grams
12,00
12,00
12,00
12,00
>350 grams
18,00
20,00
20,00
20,00
I will combine shipment costs for multiple wins.
Winning bidder to pay by PayPal. Other payment methods may be accepted upon request. Please note that I am located in the Netherlands.
Amounts above USD 200 require to be send by registered mail at an additional cost.