Exhibit 31

                                 ANNOUNCEMENT

          To Participants in the Handy & Harman Savings Plan:

                  As you are undoubtedly aware, on December 16,
          1997 WHX Corporation announced that its wholly owned
          subsidiary, HN Acquisition Corporation commenced an
          unsolicited tender offer for any and all outstanding
          shares of common stock of Handy & Harman at $30 per share
          in cash.

                  At a meeting of the Board of Directors of Handy
          & Harman on December 23, 1997, the Board reviewed the WHX
          offer and its terms and conditions with Handy & Harman
          management, along with guidance from its legal and
          financial advisors.

                  After careful consideration, the Board of
          Directors unanimously determined that WHX's offer is
          inadequate, is not in the best interests of Handy &
          Harman and its shareholders and does not adequately
          reflect the future prospects of the Company.

                  Accordingly, the Board of Directors of Handy &
          Harman recommended that the Company's shareholders reject
          the WHX offer and not tender their shares pursuant to the
          offer.

                  Participants in the Savings Plan shall be aware
          that, under the Regulations governing 401(k) plans,
          tendering of shares will not result in a distributable
          event.  Any cash received from the tendering of shares
          will remain in the Plan, be invested in the T. Rowe Price
          Prime Reserve Fund and may be subsequently reinvested as
          provided by the Plan.

                  Any participants wishing to tender Handy &
          Harman shares held in their 401(k) account should
          telephone T. Rowe Price with instructions by no later
          than 11:00 AM (E.S.T.) Friday, January 16, 1998.  The
          phone number is 800-922-9945.  Participants should
          indicate the number of shares they wish tendered.  T.
          Rowe Price has agreed to compile this information and to
          initiate notification to the Depositary in accordance
          with the instructions contained in the Offer to Purchase.

                  If any difficulty is encountered, you should
          contact Michael Baker or Donna Rizzo-Byrnes of the
          Corporate Human Resources Department (914-925-4428/4429)
          for assistance.