For the ninth successive time U. S. Steel, through its Board of Directors, declared last week an extra dividend of 50c a share on the $508,302,500 common stock outstanding. This was in addition to the regular dividends of $1.25 a share of the junior issue and of $1.75 a share of the preferred. Thus 80-year-old Chairman Elbert Henry Gary's frequently repeated dictum that U. S. Steel common was a "7% stock" was reaffirmed. He remains as Chairman of the Board. Recently U. S. Steel has been climbing on the stock market because of rumors...
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