Although the tendency has become pronounced for different industries to go their own gait, nevertheless the typical and basic character of the steel industry has not been forgotten. Thus no small curiosity awaited last week the publication of earnings of the U. S. Steel Corporation for the second quarter of 1925.
The report for the three months ending June 30 was reassuring. Net earnings for the quarter, after taxes and charges, were $40,624,221, compared with:
1924 $41,381,039 1923 $47,858,181 1922 $27,286,945
The reassuring element consisted in the fact that the second quarter earnings this year ran ahead of those for the...
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