The Birmingham age-herald., 1914-03-24
STEEL CORPORATION | REPORT IS RECEIVED Friends of Judge Gary In-
 terested in Figures INCREASE IN WAGES
Gross Earnings for 1913 Show Large Gain Over Figures for 1912-Better Prices
 Received

The anniai report of the United States Steel corporation has been re- eeiyed in Birmingham by friends of Judge E. Ii. Gary. chairman of the board, and George q. Crawford, pres ident. The report indicates that in the matter of wages per man the Steel corporation set standard in 1913 as compared to other years. In reality the corporation paid a greater amount of money per man in 1918 than any cor poration in this country and the great est in the history Of the Steel corpor- ation.
 The Steel corporation sold less steel in 1913 than 1t sold in 1912. yet the wage per man was greater.
 The corporation earned considerably
 money during the year and was able thereby to add to it's working capital whence come all appropriations for
 new construction The working capital at the close of business in 1913 was
 $245, 100000 as compared to s237.3oo. 900 in December, 1912, or a gain of about ss. oO0 900.
 Construction outlays exceeded s40,- 0o0,oo0, large amount of which was expended in the Birmingham district. on the Tennessee Coal, Iron and Rail road company account. In the last three years it is interesting to note | that the Steel corporation has expend- ed more than s105,6o0, coo in new con- struction in all parts of this country. In the labor and production report l 1t is stated that in 1918 the corporation produced for sale 130, 1000 tons less
 of steel than in tho year 1912. Notwith-
 standing ttis decrease in steel produc- | tion the corporation increased wages
 in 1913 as compared to 1912 by near ly $1S,00o,e00. On this account the re- | port shows that more than 5000 addf- 1 tional men were provided with empoly- ment
 In 1913 the corporation paid an av- craze wage of s9a5 per man per year as compared to SS5I per year per man 1 in 1912. That figure indicates an in- crease of S4S per man. This wage in crease and other items caused the ex- 1 penses of the Stec, corporation to in- crease S4S,00o,000 during the years since 1902.
 | The Steel cooperation made exten- | sive outlays during the year 1918 for welfare work, pensions and recreation grounds. not to mention the various educational campaigns that are carried l on by the corporation. In all that out l lay exceeded $10,009 900 and is consid- l cred a most vital work.
 l In gross earnings the Steel corpor- l ation touched a high watermark for l the report indicates that the gross rev
 enue was sT96,S94, 000, an increase over 1912 considered the greatest year in
 the history of the corporation from the standpoint of output of $51, 10000. l This large increase is due, it is said
 to the fact that the Steel corporation
 was enabled to receive a. better price
 during the year 1913 than was re- I ceived during the year 1912 even in the
 face of many discouraging features.
 The gross earnings were spoken of very
 flatteringly by the officials in the an-
 nual report.
 | The report speaks of the completion l here Of the American Steel and Wire company plant, and the outlays that
 were made for the Tennessee Coal, Iron l and Railroad company, a company owned by the Steel corporation. For those two concerns, both of which are 1 represented here, tLe corporation did unusually we'll.
 l Many friends of judge Gary in this 1 city were interested yesterday in the report submitted by him and have
 worked their way through the figures of the report with great interest.