CLARY, Chief Judge.
This action arises out of the sinking of the barge FELL LOVELAND on March 12, 1955, at respondent's pier. Libellant seeks recovery for the value of pig iron lost and not recovered when the barge was salvaged.
Libellant is the R. D. Wood Company, successor to Florence Pipe Foundry and Machine Company (hereafter referred to as "Florence"). Respondent is Phoenix Steel Corporation, successor to Chester Blast Furnace, Inc. (hereafter referred...
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