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United States Steel Corp. - dated 1920's-50's Steel Stock Certificate - Bought Carnegie Steel for $492 Million

Inv# GS1260   Stock
State(s): New Jersey
Years: 1920's-50's
Color: Green, Brown or Olive

Stock with vignette of steelworkers in a steel mill. Very attractive borders. Great stock of one of America's most historic companies. Available in Green, Brown or Olive. Please specify color. Carnegie Steel Company was sold in 1901 to the United States Steel Corporation, a newly formed organization set up by J.P. Morgan. It sold at roughly $492 million ($14.8 billion in 2019), of which $226 million went to Carnegie himself. U.S. Steel was a conglomerate with subsidiary companies. The name of the subsidiary company was changed to the Carnegie-Illinois Steel Company in 1936.

United States Steel Corporation (NYSEX), more commonly known as U.S. Steel, is an American integrated steel producer headquartered in Pittsburgh, Pennsylvania, with production operations in the United States and Central Europe. As of 2018, the company was the world's 27th-largest steel producer and the second-largest in the US, trailing only Nucor Corporation. Though renamed USX Corporation in 1986, the company was renamed United States Steel in 2001 after spinning off its energy business, including Marathon Oil, and other assets from its core steel concern. J. P. Morgan formed U.S. Steel on March 2, 1901 (incorporated on February 25) by financing the merger of Andrew Carnegie's Carnegie Steel Company with Elbert H. Gary's Federal Steel Company and William Henry "Judge" Moore's National Steel Company for $492 million ($15.31 billion today). At one time, U.S. Steel was the largest steel producer and largest corporation in the world. It was capitalized at $1.4 billion ($43.6 billion today), making it the world's first billion-dollar corporation. The company established its headquarters in the Empire Building at 71 Broadway in New York City; it remained a major tenant in the building for 75 years. Charles M. Schwab, the Carnegie Steel executive who originally suggested the merger to Morgan, ultimately emerged as the new corporation's first President. Read more at https://en.wikipedia.org/wiki/U.S._Steel

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Condition: Excellent

A stock certificate is issued by businesses, usually companies. A stock is part of the permanent finance of a business. Normally, they are never repaid, and the investor can recover his/her money only by selling to another investor. Most stocks, or also called shares, earn dividends, at the business's discretion, depending on how well it has traded. A stockholder or shareholder is a part-owner of the business that issued the stock certificates.

Item ordered may not be exact piece shown. All original and authentic.
Price: $11.50