The unfilled orders of the U. S. Steel Co. have long been considered by economists as a reliable index to the trend of business, for reason that iron and steel are the most fundamental raw materials and that the U. S. Steel Co. is the largest unit in the industry.
Accordingly, publication of the company's unfilled tonnage as of Aug. 31 was eagerly watched for in Wall Street. The future business revealed by the Company's report was 5,414,663 tons, as against 5,910,763 for July 31; 6,386,261 for June 30;...
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