SCHEDULE 13G Page 1 of 4
(12/31/97)
STEEL OF WEST VIRGINIA, INC.
COMMON STOCK
CUSIP # 858154107
CUSIP #858154107 Page 2 of 4
Item 1: REPORTING PERSON
Corbin & Company (Tax ID: 75-2421966)
Item 4: CITIZENSHIP
A Texas Corporation
Item 5: SOLE VOTING POWER
None (See Note 1)
Item 6: SHARED VOTING POWER
317,715 (See Note 1)
Item 7: SOLE DISPOSITIVE POWER
None (See Note 1)
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Item 8: SHARED DISPOSITIVE POWER
317,715 (See Note 1)
Item 9: AGGREGATE AMOUNT BENEFICIALLY OWNED
317,715
Item 11: PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
5.3%
Item 12: TYPE OF REPORTING PERSON
IA
CUSIP # 858154107 Page 3 of 4
Item 1(a). NAME OF ISSUER:
STEEL OF WEST VIRGINIA, INC.
Item 1(b). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
17th Street & Second Avenue
Huntington, WV 25703
Item 2(a). NAME OF PERSON FILING:
Corbin & Company
Item 2(b). ADDRESS OF PRINCIPAL BUSINESS OFFICE:
6300 Ridglea Place, Suite 1111
Fort Worth, TX 76116
Item 2(c). CITIZENSHIP:
A Texas Corporation
Item 2(d). TITLE OF CLASS OF SECURITIES:
Common Stock
Item 2(e). CUSIP NUMBER:
858154107
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Item 3. This statement is filed pursuant to Rule 13d-1(b) or 13d-2(b), and the
person filing is an investment advisor registered under section 203 of the
Investment Advisers Act of 1940.
Item 4. OWNERSHIP AS OF DECEMBER 31, 1997.
(a) AMOUNT BENEFICIALLY OWNED:
317,715 shares
(b) PERCENT OF CLASS:
5.3%
(c) NUMBER OF SHARES AS TO WHICH SUCH PERSON HAS:
(i) SOLE POWER TO VOTE OR TO DIRECT THE VOTE:
None (See Note 1)
(ii) SHARED POWER TO VOTE OR TO DIRECT THE
VOTE:
317,715 (See Note 1)
(iii) SOLE POWER TO DISPOSE OR TO
DIRECT THE DISPOSITION OF:
None (See Note 1)
(iv) SHARED POWER TO DISPOSE OR TO DIRECT THE
DISPOSITION OF:
317,715 (See Note 1)
Item 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS.
Not applicable.
Item 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF
ANOTHER PERSON.
All of the securities reported in this schedule are held on
behalf of Corbin & Company's advisory clients, all of whom
have the right to receive or the
power to direct the receipt of dividends from, or the proceeds from the sale of,
such securities, but no single client, to the best knowledge of Corbin &
Company, holds more than five percent of the common stock of Steel of West
<PAGE>
Virginia, Inc.
CUSIP # 858154107 Page 4 of 4
Item 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY
WHICH ACQUIRED THE SECURITY BEING REPORTED ON BY THE
PARENT HOLDING COMPANY.
Not applicable.
Item 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE
GROUP.
Not applicable.
Item 9. NOTICE OF DISSOLUTION OF GROUP.
Not applicable.
Item 10. CERTIFICATION.
By signing below I certify that, to the best of my knowledge and belief,
the securities referred to above were acquired in the ordinary course of
business and were not acquired for the purpose of and do not have the effect of
changing or influencing the control of the issuer of such securities and were
not acquired in connection with or as a participant in any transaction having
such purposes or effect.
(Note 1). All securities reported on this schedule are owned by
Corbin & Company, an investment advisor registered under
section 203 of the Investment Advisers
Act of 1940, as agent for its investment advisory clients. Both the power to
vote or direct the voting of such securities, and the power to dispose of or
direct the disposition of such securities, are shared by Corbin & Company and
each respective advisory client, with regard to securities owned on the client's
behalf.
SIGNATURE.
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
DATE: February 12, 1998
SIGNATURE: /s/ Barbara E. Shields
Vice President for Client Relations and
Legal Affairs
