Business: Earnings

In 1917 the flood of war floated the Ark of U. S. Steel Corp. high up on a figurative Mount Ararat where in three months time Steel breathed $97,000,000 worth of the pure air of profit. Never since has Steel reached any such altitude but the flood of 1929 boosted it to a lesser peak, a Mount Sinai of nearly $55,000,000. The far side of that mountain fell away, steeply, right down to the Red Sea. In two years Steel got to sea level, in three years to the bottom of the sea— $16,000,000...

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