Business & Finance: Steel & Dividends

Reporters gathering at No. 71 Broadway, Manhattan for U. S. Steel Corp.'s dividend meeting last week were sent up to the 20th floor instead of to the chairman's office. They explored the big waiting room, sampled water in the cooler, found it tepid, made remarks about a bit of Christmas tinsel still festooned around a clock. No cigars were passed. At length Myron Charles Taylor, Steel's handsome, grey-haired finance chairman, stepped in, announced that a 50¢ quarterly dividend had been declared on the preferred stock. Yelling loudly, "Fifty cents, fifty cents" to their...

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