Business: Strong Steel

World's largest steel company is U. S. Steel Corp. So basic is the steel industry that U. S. Steel earnings satisfy many a student as the index of U. S. prosperity. Prosperous was U. S. Steel in 1928, reported net profits of $113,998,984, an earning of $12.47 a share. The 928 report showed the second highest net income in the last six years, represented $3.67 increase over 1927 earnings of $8.80 a share. With a 1928 high of 172½, U. S. Steel stock sold 13.8X earnings. Rumors...

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