In the gloom of the coal strike, and the smoke of Hoboken, N.J., U.S. Steel last week held its annual stockholders' meeting. For the 200 who attended, such as sisters Mary & Carrie Cerf, who seldom miss a meeting, the news was bad. Chairman Irving S. Olds reported that Bis Steel's production had dropped to 36% of capacity, from 95% a week before the strike started, and earnings had dropped with it. Nevertheless, he declared the usual $1 a share quarterly dividend, hoped that the "tremendous existing demand for steel products of all kinds" will eventually make Big Steel's operations...
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