Business & Finance: Sorry Steel

Most significant industrial news of last week (and of many a week) was the drastic drop in quarterly earnings reported by the six biggest steel companies. Ranged in order of productive capacity, the companies reported their net incomes thus:

Second Quarter, Second Quarter

1931 1930

U. S. Steel. . . . . .$7,391,355 $32,126,717

Bethlehem . . . . . . 1,452,743 7,691,495

Republic . . . . . . . 1,092,305d 285,472

Jones & Laughlin. 391,823 3,403,687

Yonngstown . . . . . 1,176,444d 2,810,345

Inland . . . . ....

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