Word: steeling
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...Charleston,* S. C., last week the shippers, innkeepers and other public men prepared for the convention of the National Foreign Trade Council, which will meet there under the chairmanship of President James Augustine Farrell of the U. S. Steel Corporation April 28-30. The businessmen of Charleston will display their harbor and shipping facilities, their stores and shops and factories. They realize that this visitation will mean much to Charleston as an exporting city. In 1901-02 they tried to stimulate foreign trade through the port by holding the South Carolina Interstate and West Indian Exposition. That was a financial...
Electric welding is not new to machine shops, especially locomotive works, but for structural steel work a new type of welder had to be evolved. The "Stable-Arc" welders used by the Morgan Co. were built by the Lincoln Electric Co. of Cleveland and mounted on hand trucks. The process: a high frequency arc up to 300 volts is applied to a bar of steel corresponding to a bar of tinsmith's solder, which is pressed along the crevice between two surfaces that are to be joined. The bar is melted, as are both the girder surfaces along the line...
...ninth successive time U. S. Steel, through its Board of Directors, declared last week an extra dividend of 50c a share on the $508,302,500 common stock outstanding. This was in addition to the regular dividends of $1.25 a share of the junior issue and of $1.75 a share of the preferred. Thus 80-year-old Chairman Elbert Henry Gary's frequently repeated dictum that U. S. Steel common was a "7% stock" was reaffirmed. He remains as Chairman of the Board. Recently U. S. Steel has been climbing on the stock market because of rumors that...
...Bethlehem Steel Corporation also made its 1925 report during the week. It showed net dividends twice as large as the year previous, $5.30 a common share as against $2.56. Gross earnings for the year were $273,025,320 against $243,904,265 in 1924; net earnings $38,988,742 against $33,996,489. The net for the last quarter of 1925 equaled $1.77 a share as compared with $0.56 a share in the previous quarter and $1.08 a share for the last quarter of 1924. Operations are currently at 83% of capacity; they averaged 70.3% for the last 27 year...
...general outlook in the steel industry for at least the first half of 1926 is favorable. There is a large demand for steel products of all kinds, sufficient to support the present high rate of operations; there has been no apparent accumulation of stocks by consumers; there has been a general improvement in prices during the last three months, and if the current demand continues there is every reason to expect still further improvement. This, together with the increased production from Bethlehem's new finishing units, should result in better earnings...