The steel business is still a debatable theme among bankers. Almost everyone tries to speak well of it, yet the actual statistics get worse and worse.
The unfilled tonnage of the U. S.
Steel Corporation as of June 30 was only 3,262,505 tons-a decrease of 365,584 tons from the figure for May 31 preceding, and the lowest statement since November, 1914, when it was 3,242,692 tons. On the June rate of shipments, orders now on U. S. Steel's books represent about four months' business. Yet steel men seem to expect marked improvement in the...
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