Sinterville

James Dunn was involved in Wawa's iron ore industry at a very early date. In 1908, Dunn, a partner amongst British investors, teamed up with an American consortium. Together they formed the Lake Superior Investment Co. for the express purpose of acquiring the financially troubled Algoma Steel Company. Although just a minor investor within the group, his influence within the company was instrumental in the company's reorganization. By the early 1930's however, Algoma Steel was again under financial duress and the parent company chose to severe its ties with the beleaguered company. Dunn (Sir James after 1924) acquired the company outright in 1935 and set about a painful but necessary reorganization of the company.