Prime evidence of current business recession are steel operations, last week off 41 points from the year's high of 92.3% of capacity. To this statistic U. S. Steel Corp., world's largest industrial organization, bellwether of steel production and of New York stockmarket prices, last week gave the retort direct, by declaring its first dividend on common stock in five years. It announced net income for the first nine months of 1937 as $90,852,853 (after deduction of $4,500,000 for undistributed profits taxation) which amounts, after preferred stock dividends, to $8.26 for each of...
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