Word: steeling
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Industry and trade are in the doldrums, which is partly due to seasonal causes, and partly to more serious factors. Steel and iron, motors and textiles seem distinctly stale. The oil industry seems unable to halt overproduction. Landlords are beginning to wonder whether enough tenants are going to "come back from the shore" this Fall to occupy all the available shops, houses and apartments. Merchants are keeping their stocks down and their hopes up. Enthusiasm, curiously enough, seems confined to agriculture and finance. For once, the wheat farmers and Wall Street are on the same side of the fence...
...Homeric (White Star)- ex-Secretary of War Lindley M. Garrison; E. G. Grace, President of the Bethlehem Steel Corporation; Mrs. Molla Mallory; Lois Wilson, cinema actress; Rosamond Pinchot, famed...
Financial opinion, impressed with the severity of the current steel slump, was dubious regarding the showing which the U. S. Steel Corporation would make during the second quarter of 1924. When recently the results of operation for the three months ending June 30, 1924, were announced, however, a more optimistic attitude was prompted. During this period, net earnings of the Steel Corporation were $41,381,039, or $3.44 on each common share, compared with net of $50,075,445 for the first quarter of 1924 and $47,858,181 in the second quarter...
...surprising stability of U. S. Steel earnings was attributed to the large unfilled orders on the Corporation's books, which have been very largely reduced during the past three months. During the first six months of this year, net earnings have amounted to $8.47 a share on Steel common stock. This remarkable showing justified the directors in declaring, in addition to the regular quarterly dividend of $1.25 a share, the "extra" dividend of 50c inaugurated last quarter. Banker George F. Baker declared that the stock was now practically on a $7 basis annually ?and he ought to know...
...this Presidential year, the showing made by such a bellwether corporation as U. S. Steel is not devoid of political interest and significance. Next to the agricultural revival, it is perhaps the most encouraging economic sign for the reelection of Mr. Coolidge...