Business & Finance: Deals & Developments

Steel & Dumping. Bethlehem Steel Corp., which in good times makes less money than U. S. Steel Corp., last week reported a first quarter net loss of $3,685,000 against "Big Steel's" spectacular loss of $13,218,000. Bethlehem Steel surprised Wall Street by ordering the regular $1.75 quarterly dividend on the preferred ($1,645,000) but investors seemed to take an omission next time for granted. The preferred sold at $38 to yield 20%.

The announcement of U. S. Steel's earnings and omission of the common dividend was brief and formal. Chairman Myron Taylor did not even...

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