Business: Steel

Last month shares of 225 U. S. corporations added $1,644,155,875 to their market value. They scored their seventh consecutive monthly advance and stood at their highest point since the summer of 1931. Backbone of the market rise was an increase in corporate earnings, 220 corporations with nine-month 1935 reports showing a 25⅓% increase over 1934.

Most significant progress was made by the steel industry which, after losing nearly $19,000,000 in 1934, will make a substantial 1935 profit. With operations up to 54½ % of capacity, eleven steel companies reporting for nine months of 1935...

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