Better Than Expected

The steel industry will not press for a general price increase until it is sure it cannot earn a reasonable profit at current prices. Bethlehem Steel's Eugene G. Grace followed up these encouraging words last week with proof that Beth Steel, at least, was making money.

In the second quarter, Beth, Steel cleared $14,447,207 ($4.29 a common share). It was one of the best quarters in the corporation's history, but it was not quite as golden as it glittered. Reduced taxes, due to losses during the first-quarter strikes, partly accounted for the high net.


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