Chapter Seventy-Six: News from Bethlehem Steel (Three Watches)
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The next day, Robles was surprised to see Situ Nan with dark circles under his eyes and a tired look. (The first text is published in the reading room biquge.info)
"Merry Christmas! But your eyes seem to be a kind of cat in the East, didn't you sleep well last night? ”
Robles said.
"Merry Christmas! Do I look really haggard? Situ Nan took a look in the mirror, and sure enough.
Hey, I lost sleep for a woman last night, which is obviously not too glamorous, but I think I can meet Laura again today
Situ Nan's spirits perked up a little.
"Let's go! The prom is about to begin, and today Pittsburgh's biggest names and faces will gather in the Mellon family. Robles said to Situ Nan.
"Okay!" Situ Nan tidied up his clothes and followed Robles to the venue.
As Robles said, the Mellon family today is more lively than yesterday, last night Christmas Eve was a gathering within the family, and today Christmas, not only people from this family but also representatives of other families in the region are present.
They were neatly dressed and guided by the attendants into the meeting hall, which had already been set up. Everyone has a smile on their faces, and they will greet people who they know well.
When Stuart and Robles entered, Richard was weaving through the crowd, he was a representative of the Mellon family and a well-known local son, so there was a large crowd of guests around.
Seeing Richard turn his head to look over, Situ Nan raised his glass and nodded and smiled.
"Let's go over there and sit down!" Situ Nan said.
He and Robles found a quieter corner and settled down.
"There are really a lot of people today, some of whom I don't know now." Robles said, looking around.
"Hmm." Situ Nan responded, and then said, "By the way, I think that investing in the coal business in the Pittsburgh area now, we can't get involved in the steel business here, but steelmaking requires a lot of coal, and Pittsburgh has a lot of high-quality coal locally, and I think there is still a lot of potential in this area." What about you? ”
Situ Nan asked.
"Now where do you have so much time and energy to do this, besides, there are already many families in Pittsburgh, and they are very strong in these areas, so let's find a partner, if you just want to make some money." Robles said.
"Is the Mellon family suitable?" Situ Nan asked.
"It's okay! But don't think about how big this business can be. In my opinion, it is easier to make money by investing in any industry now, and it is better to invest in coal than to invest in the emerging automobile and power industry! ”
Robles shook his head, not understanding that Situ Nan seemed to have changed a lot after a night.
"Oh, I'm reminded of a guy who would be the right partner if you want to invest in the steel and coal mining industry in Pittsburgh."
Robles took a sip of wine after speaking, if it weren't for Situ Nan mentioning it, he would have forgotten that there was such a wonderful person in the local area.
"Who?" Situ Nan asked.
"Charles. Shuvab! ”
Situ Nan seemed to have heard this name somewhere, but he couldn't remember it for a while, he shook his head, glanced at Robles, and waited for Robles's next words.
"Then you should have heard of Bethlehem Steel, right? His president is Charles. Shuwab. Charles. Schwarb used to be the general manager of U.S. Steel, but he later fell out with the company's big boss, Morgan Sr., and set up his own steel company to compete with U.S. Steel! It is said that he was the first person to dare to shoot the old Morgan's table! Robles said with a smile.
"Oh?" Situ Nan was interested, how could he not know about Bethlehem Iron and Steel Company? But he didn't expect this Charles. Shuvab is such a funny guy!
Well, daring to slap old Morgan's table also shows this Charles. Shuwab is a stubborn guy, which also shows that this guy is very talented, otherwise he would not have made up a giant like Bethlehem Steel.
You must know that in the past life that Situ Nan traveled, Bethlehem Steel Company was still a world-class steel giant, but a hundred years later, the steel industry in the United States declined, and Bethlehem Steel Company also went bankrupt for a time.
The current Bethlehem Steel Company is also a good steel company, its scale is similar to the California Steel Company founded by Situ Nan, but a California Steel Company in the west, there are not too many competitors, the United States is now in a good steel industry, plus the British orders, so the California Steel Company has a good life.
If it weren't for Situ Nan's tight money, he wouldn't want to make money by listing California Steel.
It's not just California Steel that is doing well, most steel companies in the United States are doing well, and Bethlehem Steel is no exception.
However, it is located in the northeastern industrial belt, so the competition is much fiercer than that of California Steel, with the giant of American Steel in front of it, followed by Amco, National Steel and Welling-Pittsburgh Steel, Allegheny-Ledlum Industries, and these steel giants have backgrounds such as the Mellon consortium, the Rockefeller consortium and the Cleveland consortium, and the competition is very fierce, and if you are not careful, you may be swallowed up.
"Big fish eat small fish, small fish eat small shrimp, fierce competition is everywhere, like a boat against the current, if you don't advance, you will retreat, the law of the market is survival of the fittest, so Bethlehem Steel Company wants to occupy a place in the east where steel giants are lined with iron and steel must annex other steel companies, and it is already doing it, but this time when I was in New York, I heard that Charles Schwab is looking for someone to raise money!
I guess it's a lack of funds, you must know that Bethlehem Steel Company just annexed a large steel company in Pittsburgh half a year ago, this time he has a new goal, to complete such an acquisition to use a large amount of money, isn't it a good opportunity for you? ”
After Robles finished speaking, he looked at Situ Nan encouragingly.
"Hmmm! However, with Bethlehem Steel's conditions, it shouldn't be difficult to find the right investment, right? Will they accept my investment? Situ Nan asked.
"Hey, hey! You're asking the right person about it! ”
Robles laughed, took another sip of wine and said, "This matter has to start with Charles Schwab, after he fell out with the old Morgan, he created his own steel company, but the big steel companies in the east are in the hands of Morgan, Mellon, Cleveland and other consortia, Charles Schwab has suffered a lot of losses here, if he cooperates with those consortia, he is afraid that in the end those consortia will swallow his steel company, so he is wary."
This time he went to Wall Street not to find Morgan and other consortiums, but to find other investors, but this time the funds he had to use were too large, and Wall Street was busy swallowing American bonds in the hands of the British, so Charles Schwab did not find suitable financing for a while.
If we intervene, we should be pretty sure, provided we don't interfere with his control of Bethlehem Steel. Otherwise, the old boy wouldn't have studied. ”
Robles smiled and shook his head.
"How do you know in such detail?" Situ Nan said curiously, "Robles is too busy selling those US bonds, how can he still have time to pay attention to the steel industry?" ”
"Hey, hey! Not only after eating the $300 million bond, Robles Securities became an instant hit, and many people came to the door, including Charles Schwab. But I haven't replied to him yet! Let this old boy cool for a few days!
Of course, some irresponsible shopkeeper is not likely to pay attention to this, and people are busy raising a little mistress from Eastern Europe! ”
Robles said that since Situ Nan came back from Morgan's Pirate No. 3, the banner of Robles Securities fell on his body again, but when he carried it so hard, Situ Nan was happy on the side, Robles felt a little unbalanced, so he didn't let go of a rare opportunity to hit Situ Nan.
Situ Nan didn't answer Robles' words, Kuzdova's matter was a little sloppy, he didn't expect to just catch a little beauty and then meet Laura, an old lover, is this damn peach blossom luck? He has always been very guarded.
Situ Nan touched his nose, looked at Robles, who was a little surprised, and said, "Well, well, I admit it's a good idea." I'll leave this matter to you, go talk to him! ”
Stuart knew that Charles Schwab, the old boy, was as Robles said, talented and arrogant, and did not allow others to interfere with his decision-making power for Bethlehem Steel, so he did not expect to swallow Bethlehem Steel in one gulp.
However, after taking a stake in the Bethlehem Iron and Steel Company, it is equivalent to burying a nail there, and things come step by step, thirty years in Hedong and thirty years in Hexi, and there will always be a chance to swallow it in the future.
"Alright! I know what to do! Robles probably knew what Situ Nan was thinking.
Talking about business on this occasion is also something that acquaintances like Situ Nan and Robles often do.
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