New-York tribune., 1911-03-18
STEEL PROFITS INCREASE
Combined Sales and Earnings in
1910 Aggregate s703,s61, ,424.
OUTPUT, 36,744,762 TONS
Net Surplus for Year Shows GAIN
of $3,25O,4e4 Over 1903
Judge Gary's Statement.

Tho rcport OF the United States steer
Cornoration for the year ended Decei'''''
a, 1olo shows a volume OF business ooi'0
nv all conpanies I'm the corporation III '',o
.u.,va months as represented pE WV
.o,,,h;rod gross sales and earnings Vi
.-o. oe, s9A. compared with s6i6,Ss2'-ol III
tbe vear before. This amount - 'iie "7
rooa,o cross value Of the TRANSACTIONS Gun
s,,o,oA nv the several subsidiary co''P"-
r,.s and includes sales made between '''o
.or,oories and the gross receipts OF 'lio
,rorsnortation companies for services rem
.r.a hoth TO subsidiary companies anu "
,hs nuhlic. The income account SHOWS n' :
.orrircs Of sl41,O54.75i. an increase 0'
a. 5Gs $40 over the preceding year. anu n''
so.'o .. .,,s 72S1 157. an increase of $500
os7 After interest on bonds slnkihs iu"u
- ,,stolr,ents and interest on bones
a. the sinking fund there was balance "
~ .,1 ,oo oo7 oomnared with s7S525.2i9 In the
90 before. while after the deduction VI
ss3.1c2. representing net paidhce VI
drv receipts and charges 'here
amount available for dlvidenos VI ZOO
1si. an increase Of sS'S5S'4Ss oNei 49,
Preferred dividends called Tor s-o'- i''Os -
leaving a balance for the common Vi so-
1s7 507, equal 70 lZ.<0 per Ne'N va
outstanding Of s50S.SO2 9oo' -o,so
Ne, surplus for the year was soo' '-'To- No.
q gain Of sS.o50.46i over l9o9' Fio"' -,
.rrnlus there was appropriated ioi "N
,,onal property. new plants anu Guns
zion and for the discharge OF capi'"'
,gs,ions 10000 900. while there "dS 'po
otrcarv set aside for the account oi 'is
carr plant. slOOOo,ooO. O For reserve iu.,'
e. cover mining royalties there WAS app
nr,ated 81. .O0O, ,0OO the deductions Jus. i,a.-,
leaving a surplus for the year Oh
$50 compared with sl5,S2l.9lS IN 'he pi.
cedlnr wear. The latter deduc'lohS "0-
e1a o1o 600 more than IN 1903. Ihe COT pore
,,on.s total undivided surplus as OF pe
n,ha- 81 1910. was sl64.l4Sl5S, against
ga 500 e4o the first year OF the COMPANY .
existence. .,rd
Ne, nrof,ts since 1901 reach the stupeho-
o,,s total of s726. .954.174. In that tiihe ,.io
concern has paid IN dividends sSS0''-O'ooo'
.,,,ns {. has appropriated from surplus
.ono COZ 2ea for payment Of capital eNpeiui-
~ IN the last year expenditures on
,.a,rtenance and ordinary replacei'ie'''
,rere .49.3Os.lS5, gain Of s6'''i,o'' w.
1909 and the aggregate amount o' enc" -
+o and allowances from gross ear Ti.,is itsorals
cover deterioration. eNhauS.!!1Jna ~ aot - t69 De-
ond for obsoescence was SIl.-IitG,rvo ..-iGr.
taiIed results for these years IOi'0"
1910 1909. lsoS'
Gross fslss sos ol 4c4 sc4e 2l sis2 SO7s'0
Manufd prod
eSpsnses SSs nls Or 1870 2157ss 4s34l7s42 SG'o io-
po,orca sl74745 $50 Si62 964. 400 Sllt3l2 ,9S '9S
Misc. income. 2,I-S'54s o-ooD,o1 o-, -
ucone ne sl7 9s4 si66 $40 79l silGSS SiS 9tS
Other income 6.l-i'S-I o'7"-'O
ro,,, SIS. .50s sos $ldo 7s2, ,4Os sl2Q S39 C23
General exp. -9'eO"o'o -'''oo'1 -
pa,a,oo $3.50. 735- $50 s14l. .y95. .9ss s99.35s5sG
Interest en- ges 1858 453 i.oS',l'S "4ol'-Oo
Balance .Si48 472 2o7 slS4 los 500 ss1'gS7 s Ssl
- "a I'm cs 24i7.5i2 2.GiI,3Y5 lOJo'o
ve, oarn sal. .o54. 755 S1Sl 491.4l4 s9l,s457ll
p.iIes ftns n,tt e,al65o7 eaIls.314 1895 isl
Balance .sI16. 73s. .l5s slO7.7I3.l0o s74.ss2,3 ,3St
hoi1 o.Skr a. fuaa a 2s.247s5O oo247.s5o 29247.sol
Balance.... ss7.4908os s7s52j.2 80 s4j.634 d'a
Pref div.... 25.2l9677 25.2lo,677 25.2l9o77
Ralance... SCI. 27o 63i s5S. S.30j.573 s20.4l5oo2
Common div. 2j.4l5.l25 -o.SS-.i0o lolGdo1o
-
Balance s3G.s55. .5o6 s32 973.473 $40 PAS ,952
Fund adj. Or) s3.l23 '0iS'4io 'Jfoo'
Balance -. S3G. .,72.3sa s3352l.9Is slO.S42 $50
AppTcp rs for
struc'n. etc. s2GOOO.o 900 sls,2Oo.oO0 -
"
year.. si0772. Ss3 s15.S2l.9ls SO 3i2 9S6
sCredi tInclu!es charges ror ordinary main