Business: Melon

Last week the U. S. Steel Corporation cut a melon. J. Pierpont Morgan, George F. Baker, President James A. Farrell and the other directors sat in a small expensive group around a committee table on the 17th floor of No. 71 Broadway, while Judge Elbert Henry Gary read his announcement:

"Unanimous recommendation . . . common capital shares of the corporation be increased by 2,033,210 shares . . . for the purpose of distributing the same as an extra special dividend to the common stockholders. . . ."

It was after three o'clock. The...

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