Ever since its organization in 1901, the U. S. Steel Corporation has ranked as the largest corporation in the world, with common and preferred stock totaling $868,583,600. Of recent years, however, the rapid growth in the capitalization of the American Telephone & Telegraph Co. has been creeping up, while Steel's capital stock has remained unchanged. Now, by issuing $150,000,000 of additional common stock, A. T. & T.'s capitalization has finally passed Steel's previous record, and amounts to $898,398,000. This makes the Telephone Company the world's largest corporation in point of stock capitalization.
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