At the annual stockholders' meeting of the U. S. Steel Corp. in Manhattan last week, Judge Gary beamed at 250 investors, the greatest number he had ever seen at such a meeting. The rest of the corporation's 160,000 shareholders sent in their voting proxies as usual. But these 250 wanted actually to hear their own voices voting to increase their capitalization from $868,583,600 to $1,071,904,000. This nominally approximates $203,321,000 on the common stock. The market value of the new shares, however, is close to $260,000,000.
Other diversions of the meeting: Judge Gary, to emphasize...
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