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...Anti-Saloon League emitted word that the United States Steel Corporation, the Germania Mills (on Mt. Holyoke), the New Rochelle Coal and Lumber Co. and "the railroads," under "rule G," likewise have forbidden their employes to violate the Volstead...

Author: /time Magazine | Title: PROHIBITION: Pot Pourri | 8/4/1924 | See Source »

Bethlehem Steel has a certain aura about it which has come down from War days. It was, all in all, America's greatest "war baby." Dividends on its common stock have not only been continuous since 1916, but they reached 7 1/2% quarterly on the 150,000 original common shares during 1916-1917 and in April, 1917, touched 10% quarterly. Accordingly, the recent omission of Bethlehem's dividend attracted more than passing interest. For the quarter ending June 30, 1924, the company earned $1,278,277 net, which amounts to only 11¢ a share on its present common stock...

Author: /time Magazine | Title: Bethlehem's Dividend | 8/4/1924 | See Source »

Bethlehem Steel may be said to be paying the price of over-rapid expan- sion. After absorbing the Midvale, Cambria and Lackawanna properties, it found that large sums were required to modernize and coordinate them. Meanwhile the steel business has been undergoing a very severe slump during the last few months. U. S. Steel came an even worse crop- per in 1903-4, just after its organization. Bethlehem Steel is just now experiencing a period of the same sort of difficulties, and the company's directors were no doubt wise in resolving to conserve cash at the expense of common...

Author: /time Magazine | Title: Bethlehem's Dividend | 8/4/1924 | See Source »

Said the Federal Trade Commission to the U. S. Steel Corporation: "Cease and desist from your 'Pittsburgh Plus.' " This after deliberations which began in June at the request of the Western Association of Rolled Steel Consumers, backed up by 32 States...

Author: /time Magazine | Title: Business & Finance: Cease and Desist | 8/4/1924 | See Source »

...according to reports from Pittsburgh, a cheap process of making stainless iron and steel is being tried out in a number of large mills there. The inventor is Ronald Wild, of England. He, his brother A. H. Wild, founder of a large steel concern in Sheffield, and George Pugiley, another Sheffield man, expert in the open-hearth and electric steel processes, are demonstrating the manner of production...

Author: /time Magazine | Title: Science: Steel | 7/28/1924 | See Source »

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