New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1915-01-27
u. S. STEEL PASSES
COMMON DIVIDEND
Poor Earnings Cause the
Directors TO Take
Drastic Action.
COMES As A SURPRISE
TO WALL STREET
First Break in Nine-Near Record
Deficit After Payment
of Preferred.


q hine-ycar record OF continuous
dividends on the common stock OF the
T-nited S.s.os Stool co~,or.,,o, WAS
-,
'''"." ''''''" '' WIG" '"'
az their regular quarterly meeting
voted TO ps.< thc disbur. elocat usually
Maid f,,r, .t,. ,..,,,t,,.,. ,.s .,,.. ..,......r
m ,,.,,.l I.,',Ia,,i 49,, ,,. ,.r'r.-....i
- ,. O',''.'i'u i.t r t1
49,. t,a " iiI'''--. "''''o'."
", 60. "''' 80 DNs oS" .''0 .nt
- pay mn ia 5000 wa 800 -
''''" wy -. ,.,,.,, ~
company con, surplus was o'@"" upo" 10
~ 80 1900. CT g..-.,..
80 . CO ,''v 49,. i 80,
~ w., -, ,,., ,.'..i. .,.
go, 90 bl.lt,'r 80 ~ 't .t q
-
~. ''Nc t""l '''''' d" vac" '.'
P"'I' ~ D." N'''"' I" Wy
80. .,'0'.'
1"' va ""' "N'.'' '' ,-.
- y, '''' .i,,.,.i .i.,. H.. ..,.,.-
no. ,,o',id Io t,o -, for .1,. ,,,sr-
toT j., ,Ln t;.+or,.' NJ ,Lo corrcration
I, - s't. ~, .,,''l..,.,.f,,,, L,-
- of g., ro..o-,,', n,'t7oot ,,ogid
-, ,..ii go. ~ .,,r,,I,,s
-. Si:l
i"1IeI 'IaH pas Si'1 e..lu.'' u. c.oot
80 ~ az 'I...:l,rj
NoI'ii.Iou "ou's Oo'S''u0 40 @ 60 ~.
payer was lenecleu on 'he SIo0N -
chahee YESTERDAY, "neIg we 80
crossed nan po'H' eur 70 '"4I
Honuay Oh 'iIu' Ia % 80 STATEMENT
chaIIhah T. H. N"t! III at''' .I I'',
lSsueu at 'he c4osS OF yca'eIG gay
s o. ule yo"iu . ~ ,s 49,, ,'' ,,o,I'I
,IaS' ~ l 80, ororrod dcsn;," +b. moor
hot ne loHs q''Jt'Cu qea pm ,,'' PJ IT,
earnings Oh inc De0''''O'' 4'"'
sal9; ......-
ne ne earnings loI 1e ."' t.' ~
- ~ W. ~ ,is.'i ,1jor.iior
u.ivC.ol 80 .'.,',.,..3 de-, +l ~
Ic ..,. NVS.o .., ~ 5.-.;t.rJ. ON
.''e PC '.',' - cordi
..,c common ....3.i,. ,,'b slo,,.l,. ir,
1'O"a ''' - H.. -, .s,.,
re- I;...Io,.5 mos. ,,,,, Io,,,, he doforrcd 80
% "'t .".t -. -toc,
III. ~ .,o Sol Cornorat.or who
3 r....J ~. ,.o ,o.,, -,...,.,,c,. of
"a a.. J..sl.,.l ,,., ,,..,,. c,,
W ,.'io h., Iol, .lIo,,,J +o .rb-
P'os1 be- ,,~oft .t.r,r,, MAN
D C,.oe .,o ,o.r ar6oJ Docer,boI a1
ioia e7,b'.r;;,tio,,s y,.rc received from
80 ,os g. 49,, ,,.(,ro,,.,o Cr
4o'tSo eI'pIO! - ~, a., uSe 40 oSe
f''ooV Sn"t 'S' j." "uu Wv. -
mares OF inc pIe1o, IC". -
tlons were received IoI l'i' u'D"
or unsettled coh1Iuons' AI1oNI 'nc
largest ihdIVidual shnieRnSoiu.ia "i :
George baAet' a. MO! N"l e I.,'
henry InpP'' vi luc ,55 .on B
common sloGS lo1 ''i." ~ .,'.,.
,0" was Heiu "o''"" ''ioi0 '''0
began ....l.i
Nc' earnings lot 'He ""l u. i ,' ,'',.- W
December 81 iasI were ohly V'9'''i 'V'
compared with 81. lo,OO2 Tor the pre-
vious quarter S2O.49I355 nm the second
quarter Of 1914 and 81 t994'3oi ODD inc
first quarter. me previous 10" record
earnings for amy three months was Tor
the first quarter OF 1900, Whcn tneE
totallcd $l3,l45.23l The highest total
for any quarter was Sl2,oJ5,i3'' the
second quarter Of 1901
The record of earnings for the De
cembcr quarter makes complete the
Steel Corporations income account for
the year. although the annual report
will not be made public until March.
The total net. amounting 20 SEQ .127.979.
comparcs with cl37133.8c3 n 1913 and
s1O517S .1O7 i'm 1912. S1Ol.255.563 in 1911
and s14i144O O1 i'm 1910 The decrease
.s ogoirst 1q1l was SIG. 4O53s4
The balance available for dividends
as shown by Yesterdays report was