Business & Finance: Steel Notes

Bethlehem Steel directors met last week. President Eugene G. Grace told them that the corporation's income the last six months was $11,213,873 ($7,494,707 in 1925) or $4.36 a share on common ($2.93 in 1925), that orders on hand June 30 were $50,010,117 ($59,390,376 Mar. 31; $50,342,813 June 30, 1925), that production was at 72% of capacity (56% last July). Directors made no move to resume Bethlehem common dividends payments.

Cyrus Stephen Eaton, Nova Scotian, now of Cleveland, worked last week on the $80,000,000 merger of the Central Steel Co. of Massillon, Ohio, and...

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